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)
Christopher A. Madden, Esq.
State Street Bank and Trust Company
One Lincoln Street/CPH0326
State Street Bank and Trust Company
One Lincoln Street/CPH0326
Boston, MA 02111
(Name and address of agent for service)
(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, 2013
Item 1: Reports to Shareholders
SPDR® Series Trust – Equity Funds Semi-Annual Report December 31, 2013 Precise in a world that isn’t.® |
TABLE OF CONTENTS
Performance & Portfolio Summary (unaudited) | ||
SPDR Russell 3000® ETF (THRK) | 2 | |
SPDR Russell 1000® ETF (ONEK) | 5 | |
SPDR Russell 2000® ETF (TWOK) | 8 | |
SPDR S&P® 500 Growth ETF (SPYG) | 9 | |
SPDR S&P 500 Value ETF (SPYV) | 12 | |
SPDR Russell Small Cap Completeness® ETF (RSCO) | 15 | |
SPDR S&P 400 Mid Cap Growth ETF (MDYG) | 18 | |
SPDR S&P 400 Mid Cap Value ETF (MDYV) | 21 | |
SPDR S&P 600 Small Cap ETF (SLY) | 24 | |
SPDR S&P 600 Small Cap Growth ETF (SLYG) | 27 | |
SPDR S&P 600 Small Cap Value ETF (SLYV) | 30 | |
SPDR Global Dow ETF (DGT) | 33 | |
SPDR Dow Jones REIT ETF (RWR) | 36 | |
SPDR S&P Bank ETF (KBE) | 39 | |
SPDR S&P Capital Markets ETF (KCE) | 42 | |
SPDR S&P Insurance ETF (KIE) | 45 | |
SPDR S&P Mortgage Finance ETF (KME) | 48 | |
SPDR S&P Regional Banking ETF (KRE) | 51 | |
SPDR Morgan Stanley Technology ETF (MTK) | 54 | |
SPDR S&P Dividend ETF (SDY) | 57 | |
SPDR S&P Aerospace & Defense ETF (XAR) | 60 | |
SPDR S&P Biotech ETF (XBI) | 63 | |
SPDR S&P Health Care Equipment ETF (XHE) | 66 | |
SPDR S&P Health Care Services ETF (XHS) | 69 | |
SPDR S&P Homebuilders ETF (XHB) | 72 | |
SPDR S&P Metals & Mining ETF (XME) | 75 | |
SPDR S&P Oil & Gas Equipment & Services ETF (XES) | 78 | |
SPDR S&P Oil & Gas Exploration & Production ETF (XOP) | 81 | |
SPDR S&P Pharmaceuticals ETF (XPH) | 84 | |
SPDR S&P Retail ETF (XRT) | 87 | |
SPDR S&P Semiconductor ETF (XSD) | 90 | |
SPDR S&P Software & Services ETF (XSW) | 93 | |
SPDR S&P Telecom ETF (XTL) | 96 | |
SPDR S&P Transportation ETF (XTN) | 99 | |
SPDR S&P 1500 Value Tilt ETF (VLU) | 102 | |
SPDR S&P 1500 Momentum Tilt ETF (MMTM) | 105 | |
SPDR Russell 1000 Low Volatility ETF (LGLV) | 108 | |
SPDR Russell 2000 Low Volatility ETF (SMLV) | 111 | |
SPDR Wells Fargo® Preferred Stock ETF (PSK) | 114 | |
Schedules of Investments | ||
SPDR Russell 3000 ETF (THRK) | 117 | |
SPDR Russell 1000 ETF (ONEK) | 142 |
SPDR Russell 2000 ETF (TWOK) | 153 | |
SPDR S&P 500 Growth ETF (SPYG) | 173 | |
SPDR S&P 500 Value ETF (SPYV) | 178 | |
SPDR Russell Small Cap Completeness ETF (RSCO) | 183 | |
SPDR S&P 400 Mid Cap Growth ETF (MDYG) | 207 | |
SPDR S&P 400 Mid Cap Value ETF (MDYV) | 211 | |
SPDR S&P 600 Small Cap ETF (SLY) | 215 | |
SPDR S&P 600 Small Cap Growth ETF (SLYG) | 222 | |
SPDR S&P 600 Small Cap Value ETF (SLYV) | 227 | |
SPDR Global Dow ETF (DGT) | 233 | |
SPDR Dow Jones REIT ETF (RWR) | 236 | |
SPDR S&P Bank ETF (KBE) | 238 | |
SPDR S&P Capital Markets ETF (KCE) | 239 | |
SPDR S&P Insurance ETF (KIE) | 240 | |
SPDR S&P Mortgage Finance ETF (KME) | 241 | |
SPDR S&P Regional Banking ETF (KRE) | 242 | |
SPDR Morgan Stanley Technology ETF (MTK) | 243 | |
SPDR S&P Dividend ETF (SDY) | 244 | |
SPDR S&P Aerospace & Defense ETF (XAR) | 246 | |
SPDR S&P Biotech ETF (XBI) | 247 | |
SPDR S&P Health Care Equipment ETF (XHE) | 248 | |
SPDR S&P Health Care Services ETF (XHS) | 249 | |
SPDR S&P Homebuilders ETF (XHB) | 250 | |
SPDR S&P Metals & Mining ETF (XME) | 251 | |
SPDR S&P Oil & Gas Equipment & Services ETF (XES) | 252 | |
SPDR S&P Oil & Gas Exploration & Production ETF (XOP) | 253 | |
SPDR S&P Pharmaceuticals ETF (XPH) | 255 | |
SPDR S&P Retail ETF (XRT) | 256 | |
SPDR S&P Semiconductor ETF (XSD) | 258 | |
SPDR S&P Software & Services ETF (XSW) | 259 | |
SPDR S&P Telecom ETF (XTL) | 261 | |
SPDR S&P Transportation ETF (XTN) | 262 | |
SPDR S&P 1500 Value Tilt ETF (VLU) | 263 | |
SPDR S&P 1500 Momentum Tilt ETF (MMTM) | 278 | |
SPDR Russell 1000 Low Volatility ETF (LGLV) | 293 | |
SPDR Russell 2000 Low Volatility ETF (SMLV) | 295 | |
SPDR Wells Fargo Preferred Stock ETF (PSK) | 299 | |
Financial Statements | 301 | |
Financial Highlights | 333 | |
Notes to Financial Statements | 365 | |
Other Information | 385 |
SPDR Russell 3000 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 Russell 3000 ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2013 is 0.10%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||||||||||
DOW JONES U.S. | DOW JONES U.S. | |||||||||||||||||||||||||||||||
NET ASSET | MARKET | TOTAL STOCK | RUSSELL 3000 | NET ASSET | MARKET | TOTAL STOCK | RUSSELL 3000 | |||||||||||||||||||||||||
VALUE | VALUE | MARKET INDEX | INDEX | VALUE | VALUE | MARKET INDEX | INDEX | |||||||||||||||||||||||||
SIX MONTHS (1) | 16.95% | 17.12% | 16.90% | 17.09% | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||
ONE YEAR (1) | 33.29% | 33.46% | 33.47% | 33.55% | 33.29% | 33.46% | 33.47% | 33.55% | ||||||||||||||||||||||||
THREE YEARS (1) | 56.10% | 56.16% | 57.01% | 57.07% | 16.00% | 16.02% | 16.23% | 16.24% | ||||||||||||||||||||||||
FIVE YEARS (1) | 133.89% | 133.83% | 137.19% | 135.71% | 18.52% | 18.52% | 18.86% | 18.71% | ||||||||||||||||||||||||
TEN YEARS (1)(2) | 110.68% | 111.19% | 117.80% | 113.59% | 7.74% | 7.76% | 8.10% | 7.88% | ||||||||||||||||||||||||
(1) | Effective July 9, 2013, the Fund changed its benchmark index from the Dow Jones U.S. Total Stock Market Index to the Russell 3000 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 July 9, 2013. | |
(2) | 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 Russell 3000 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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective July 9, 2013, the Fund changed its benchmark index from the Dow Jones U.S. Total Stock Market Index to the Russell 3000 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 July 9, 2013. | |
(2) | 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. | |
(3) | Index returns represent the Fund’s prior benchmark indices from December 31, 2003 through July 8, 2013 and the Russell 3000 Index from July 9, 2013 through December 31, 2013. |
3
SPDR Russell 3000 ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
DESCRIPTION | APPLE, INC. | EXXON MOBIL CORP. | MICROSOFT CORP. | GOOGLE, INC. (CLASS A) | GENERAL ELECTRIC CO. | |||||
MARKET VALUE | $14,389,105 | 12,271,107 | 8,538,532 | 8,201,356 | 7,919,568 | |||||
% OF NET ASSETS | 2.5 | 2.2 | 1.5 | 1.5 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 7.5 | % | ||||
Pharmaceuticals | 4.9 | |||||
Diversified Financial Services | 4.2 | |||||
Media | 3.9 | |||||
Software | 3.7 | |||||
IT Services | 3.5 | |||||
Computers & Peripherals | 3.5 | |||||
Insurance | 3.2 | |||||
Commercial Banks | 3.2 | |||||
Internet Software & Services | 3.0 | |||||
Real Estate Investment Trusts | 2.9 | |||||
Aerospace & Defense | 2.6 | |||||
Chemicals | 2.4 | |||||
Specialty Retail | 2.5 | |||||
Biotechnology | 2.5 | |||||
Capital Markets | 2.3 | |||||
Health Care Providers & Services | 2.2 | |||||
Machinery | 2.2 | |||||
Semiconductors & Semiconductor Equipment | 2.2 | |||||
Industrial Conglomerates | 2.1 | |||||
Health Care Equipment & Supplies | 2.1 | |||||
Food & Staples Retailing | 2.0 | |||||
Hotels, Restaurants & Leisure | 2.0 | |||||
Diversified Telecommunication Services | 1.8 | |||||
Beverages | 1.8 | |||||
Energy Equipment & Services | 1.7 | |||||
Household Products | 1.7 | |||||
Communications Equipment | 1.6 | |||||
Food Products | 1.6 | |||||
Electric Utilities | 1.5 | |||||
Internet & Catalog Retail | 1.3 | |||||
Tobacco | 1.3 | |||||
Multi-Utilities | 1.0 | |||||
Road & Rail | 1.0 | |||||
Textiles, Apparel & Luxury Goods | 0.9 | |||||
Consumer Finance | 0.9 | |||||
Electrical Equipment | 0.8 | |||||
Air Freight & Logistics | 0.7 | |||||
Metals & Mining | 0.7 | |||||
Electronic Equipment, Instruments & Components | 0.7 | |||||
Multiline Retail | 0.6 | |||||
Life Sciences Tools & Services | 0.6 | |||||
Commercial Services & Supplies | 0.6 | |||||
Automobiles | 0.6 | |||||
Household Durables | 0.6 | |||||
Auto Components | 0.6 | |||||
Professional Services | 0.4 | |||||
Airlines | 0.4 | |||||
Containers & Packaging | 0.3 | |||||
Trading Companies & Distributors | 0.3 | |||||
Construction & Engineering | 0.3 | |||||
Wireless Telecommunication Services | 0.3 | |||||
Paper & Forest Products | 0.3 | |||||
Thrifts & Mortgage Finance | 0.3 | |||||
Gas Utilities | 0.2 | |||||
Building Products | 0.2 | |||||
Personal Products | 0.2 | |||||
Leisure Equipment & Products | 0.2 | |||||
Diversified Consumer Services | 0.2 | |||||
Real Estate Management & Development | 0.2 | |||||
Independent Power Producers & Energy Traders | 0.1 | |||||
Distributors | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Construction Materials | 0.1 | |||||
Materials | 0.1 | |||||
Office Electronics | 0.1 | |||||
Water Utilities | 0.1 | |||||
Marine | 0.0 | ** | ||||
Transportation Infrastructure | 0.0 | ** | ||||
Short Term Investments | 3.6 | |||||
Other Assets & Liabilities | (3.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
4
SPDR Russell 1000 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 Russell 1000 ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2013 is 0.10%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||||||||||
DOW JONES U.S. | DOW JONES U.S. | |||||||||||||||||||||||||||||||
LARGE-CAP | LARGE-CAP | |||||||||||||||||||||||||||||||
NET ASSET | MARKET | TOTAL STOCK | RUSSELL 1000 | NET ASSET | MARKET | TOTAL STOCK | RUSSELL 1000 | |||||||||||||||||||||||||
VALUE | VALUE | MARKET INDEX | INDEX | VALUE | VALUE | MARKET INDEX | INDEX | |||||||||||||||||||||||||
SIX MONTHS (1) | 16.73% | 16.65% | 16.49% | 16.86% | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||
ONE YEAR (1) | 32.77% | 32.70% | 32.65% | 33.11% | 32.77% | 32.70% | 32.65% | 33.11% | ||||||||||||||||||||||||
THREE YEARS (1) | 56.35% | 56.21% | 56.67% | 57.30% | 16.06% | 16.03% | 16.14% | 16.30% | ||||||||||||||||||||||||
FIVE YEARS (1) | 129.83% | 129.86% | 130.91% | 134.54% | 18.11% | 18.11% | 18.22% | 18.59% | ||||||||||||||||||||||||
SINCE INCEPTION (1)(2) | 82.67% | 82.65% | 83.82% | 83.82% | 7.68% | 7.67% | 7.76% | 7.76% | ||||||||||||||||||||||||
(1) | Effective July 9, 2013, the Fund changed its benchmark index from the Dow Jones U.S. Large-Cap Total Stock Market Index to the Russell 1000 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 July 9, 2013. | |
(2) | For the period November 8, 2005 to December 31, 2013. |
5
SPDR Russell 1000 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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective July 9, 2013, the Fund changed its benchmark index from the Dow Jones U.S. Large-Cap Total Stock Market Index to the Russell 1000 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 July 9, 2013. | |
(2) | Index returns represent the Fund’s prior benchmark index from November 8, 2005 through July 8, 2013 and the Russell 1000 Index from July 9, 2013 through December 31, 2013. |
6
SPDR Russell 1000 ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
EXXON MOBIL | GENERAL | |||||||||
DESCRIPTION | APPLE, INC. | CORP. | MICROSOFT CORP. | GOOGLE, INC. (CLASS A) | ELECTRIC CO. | |||||
MARKET VALUE | $1,201,898 | 1,026,168 | 714,464 | 690,357 | 660,302 | |||||
% OF NET ASSETS | 2.8 | 2.4 | 1.6 | 1.6 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 7 | .9% | ||||
Pharmaceuticals | 5 | .2 | ||||
Diversified Financial Services | 4 | .5 | ||||
Media | 4 | .1 | ||||
Computers & Peripherals | 3 | .7 | ||||
Software | 3 | .6 | ||||
IT Services | 3 | .6 | ||||
Insurance | 3 | .3 | ||||
Internet Software & Services | 3 | .0 | ||||
Commercial Banks | 2 | .8 | ||||
Aerospace & Defense | 2 | .7 | ||||
Real Estate Investment Trusts | 2 | .6 | ||||
Specialty Retail | 2 | .4 | ||||
Chemicals | 2 | .4 | ||||
Biotechnology | 2 | .4 | ||||
Industrial Conglomerates | 2 | .3 | ||||
Capital Markets | 2 | .3 | ||||
Health Care Providers & Services | 2 | .2 | ||||
Machinery | 2 | .1 | ||||
Food & Staples Retailing | 2 | .1 | ||||
Semiconductors & Semiconductor Equipment | 2 | .1 | ||||
Health Care Equipment & Supplies | 2 | .0 | ||||
Diversified Telecommunication Services | 1 | .9 | ||||
Hotels, Restaurants & Leisure | 1 | .9 | ||||
Beverages | 1 | .9 | ||||
Household Products | 1 | .9 | ||||
Energy Equipment & Services | 1 | .7 | ||||
Communications Equipment | 1 | .6 | ||||
Food Products | 1 | .6 | ||||
Electric Utilities | 1 | .5 | ||||
Internet & Catalog Retail | 1 | .4 | ||||
Tobacco | 1 | .3 | ||||
Multi-Utilities | 1 | .0 | ||||
Road & Rail | 1 | .0 | ||||
Consumer Finance | 0 | .9 | ||||
Textiles, Apparel & Luxury Goods | 0 | .8 | ||||
Electrical Equipment | 0 | .8 | ||||
Air Freight & Logistics | 0 | .7 | ||||
Multiline Retail | 0 | .7 | ||||
Automobiles | 0 | .7 | ||||
Life Sciences Tools & Services | 0 | .7 | ||||
Metals & Mining | 0 | .6 | ||||
Auto Components | 0 | .5 | ||||
Household Durables | 0 | .5 | ||||
Electronic Equipment, Instruments & Components | 0 | .5 | ||||
Commercial Services & Supplies | 0 | .5 | ||||
Airlines | 0 | .4 | ||||
Containers & Packaging | 0 | .3 | ||||
Professional Services | 0 | .3 | ||||
Wireless Telecommunication Services | 0 | .3 | ||||
Construction & Engineering | 0 | .3 | ||||
Trading Companies & Distributors | 0 | .3 | ||||
Paper & Forest Products | 0 | .2 | ||||
Personal Products | 0 | .2 | ||||
Gas Utilities | 0 | .2 | ||||
Building Products | 0 | .2 | ||||
Leisure Equipment & Products | 0 | .2 | ||||
Materials | 0 | .1 | ||||
Real Estate Management & Development | 0 | .1 | ||||
Thrifts & Mortgage Finance | 0 | .1 | ||||
Independent Power Producers & Energy Traders | 0 | .1 | ||||
Distributors | 0 | .1 | ||||
Diversified Consumer Services | 0 | .1 | ||||
Health Care Technology | 0 | .1 | ||||
Office Electronics | 0 | .1 | ||||
Construction Materials | 0 | .1 | ||||
Water Utilities | 0 | .1 | ||||
Marine | 0 | .0** | ||||
Short Term Investments | 9 | .4 | ||||
Other Assets & Liabilities | (9 | .2) | ||||
TOTAL | 100 | .0% | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
7
SPDR Russell 2000 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 on this report.
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
COSTAR GROUP, | ATHENAHEALTH, | ACUITY BRANDS, | ISIS PHARMACEUTICALS, | |||||||
DESCRIPTION | INC. | INC. | INC. | INC. | MIDDLEBY CORP. | |||||
MARKET VALUE | $196,393 | 184,130 | 177,317 | 169,439 | 167,739 | |||||
% OF NET ASSETS | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | |||||
(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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Commercial Banks | 7.4 | % | ||||
Real Estate Investment Trusts | 7.0 | |||||
Software | 4.3 | |||||
Biotechnology | 4.1 | |||||
Oil, Gas & Consumable Fuels | 3.7 | |||||
Health Care Equipment & Supplies | 3.6 | |||||
Specialty Retail | 3.5 | |||||
Semiconductors & Semiconductor Equipment | 3.4 | |||||
Machinery | 3.3 | |||||
Internet Software & Services | 3.1 | |||||
Health Care Providers & Services | 3.0 | |||||
Hotels, Restaurants & Leisure | 2.8 | |||||
Electronic Equipment, Instruments & Components | 2.8 | |||||
Insurance | 2.5 | |||||
Chemicals | 2.4 | |||||
IT Services | 2.2 | |||||
Commercial Services & Supplies | 2.2 | |||||
Energy Equipment & Services | 1.8 | |||||
Communications Equipment | 1.8 | |||||
Aerospace & Defense | 1.8 | |||||
Capital Markets | 1.7 | |||||
Thrifts & Mortgage Finance | 1.7 | |||||
Food Products | 1.7 | |||||
Pharmaceuticals | 1.6 | |||||
Electrical Equipment | 1.6 | |||||
Media | 1.5 | |||||
Textiles, Apparel & Luxury Goods | 1.4 | |||||
Professional Services | 1.4 | |||||
Metals & Mining | 1.4 | |||||
Food & Staples Retailing | 1.4 | |||||
Electric Utilities | 1.4 | |||||
Household Durables | 1.1 | |||||
Diversified Consumer Services | 1.1 | |||||
Trading Companies & Distributors | 1.0 | |||||
Auto Components | 1.0 | |||||
Construction & Engineering | 0.9 | |||||
Gas Utilities | 0.9 | |||||
Building Products | 0.8 | |||||
Consumer Finance | 0.8 | |||||
Paper & Forest Products | 0.7 | |||||
Diversified Telecommunication Services | 0.6 | |||||
Leisure Equipment & Products | 0.6 | |||||
Road & Rail | 0.5 | |||||
Airlines | 0.5 | |||||
Air Freight & Logistics | 0.5 | |||||
Internet & Catalog Retail | 0.4 | |||||
Computers & Peripherals | 0.4 | |||||
Life Sciences Tools & Services | 0.4 | |||||
Health Care Technology | 0.4 | |||||
Real Estate Management & Development | 0.4 | |||||
Multi-Utilities | 0.3 | |||||
Diversified Financial Services | 0.3 | |||||
Water Utilities | 0.2 | |||||
Containers & Packaging | 0.2 | |||||
Distributors | 0.2 | |||||
Personal Products | 0.2 | |||||
Household Products | 0.2 | |||||
Independent Power Producers & Energy Traders | 0.2 | |||||
Wireless Telecommunication Services | 0.2 | |||||
Beverages | 0.2 | |||||
Construction Materials | 0.2 | |||||
Tobacco | 0.2 | |||||
Industrial Conglomerates | 0.1 | |||||
Multiline Retail | 0.1 | |||||
Marine | 0.1 | |||||
Transportation Infrastructure | 0.1 | |||||
Automobiles | 0.0 | ** | ||||
Short Term Investments | 27.7 | |||||
Other Assets & Liabilities | (27.2 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
8
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, 2013 is 0.20%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 18.31% | 18.47% | 18.49% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 32.41% | 32.56% | 32.75% | 32.41% | 32.56% | 32.75% | ||||||||||||||||||
THREE YEARS (1) | 58.09% | 58.20% | 59.23% | 16.49% | 16.52% | 16.77% | ||||||||||||||||||
FIVE YEARS (1) | 152.14% | 152.41% | 141.03% | 20.32% | 20.34% | 19.24% | ||||||||||||||||||
TEN YEARS (1)(2) | 105.75% | 106.15% | 105.58% | 7.48% | 7.50% | 7.47% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Large Cap Growth Total Stock Market 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. | |
(2) | Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones U.S. Large Cap Growth 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 October 31, 2005. |
9
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Large Cap Growth Total Stock Market 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. | |
(2) | Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones U.S. Large Cap Growth 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 October 31, 2005. | |
(3) | Index returns represent the Fund’s prior benchmark indices from December 31, 2003 through December 16, 2010 and the S&P 500 Growth Index from December 17, 2010 through December 31, 2013. |
10
SPDR S&P 500 Growth ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
GOOGLE, INC. | ||||||||||
DESCRIPTION | APPLE, INC. | (CLASS A) | MICROSOFT CORP. | JOHNSON & JOHNSON | AMAZON.COM, INC. | |||||
MARKET VALUE | $19,114,212 | 11,907,544 | 10,766,553 | 5,767,697 | 5,580,268 | |||||
% OF NET ASSETS | 5.9 | 3.7 | 3.3 | 1.8 | 1.7 | |||||
(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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Pharmaceuticals | 6.8 | % | ||||
Computers & Peripherals | 6.6 | |||||
Media | 6.0 | |||||
Internet Software & Services | 5.9 | |||||
Software | 5.7 | |||||
IT Services | 5.3 | |||||
Biotechnology | 4.7 | |||||
Aerospace & Defense | 3.7 | |||||
Oil, Gas & Consumable Fuels | 3.2 | |||||
Specialty Retail | 3.1 | |||||
Chemicals | 3.0 | |||||
Internet & Catalog Retail | 2.8 | |||||
Beverages | 2.6 | |||||
Hotels, Restaurants & Leisure | 2.3 | |||||
Energy Equipment & Services | 2.3 | |||||
Health Care Equipment & Supplies | 2.2 | |||||
Household Products | 2.1 | |||||
Capital Markets | 2.0 | |||||
Real Estate Investment Trusts | 1.9 | |||||
Tobacco | 1.7 | |||||
Communications Equipment | 1.6 | |||||
Road & Rail | 1.6 | |||||
Industrial Conglomerates | 1.6 | |||||
Semiconductors & Semiconductor Equipment | 1.4 | |||||
Textiles, Apparel & Luxury Goods | 1.4 | |||||
Machinery | 1.4 | |||||
Consumer Finance | 1.4 | |||||
Diversified Financial Services | 1.4 | |||||
Food Products | 1.2 | |||||
Insurance | 1.2 | |||||
Air Freight & Logistics | 1.2 | |||||
Commercial Banks | 1.1 | |||||
Electrical Equipment | 1.0 | |||||
Diversified Telecommunication Services | 0.9 | |||||
Life Sciences Tools & Services | 0.8 | |||||
Auto Components | 0.7 | |||||
Health Care Providers & Services | 0.7 | |||||
Food & Staples Retailing | 0.5 | |||||
Commercial Services & Supplies | 0.5 | |||||
Airlines | 0.4 | |||||
Electronic Equipment, Instruments & Components | 0.4 | |||||
Trading Companies & Distributors | 0.3 | |||||
Professional Services | 0.3 | |||||
Household Durables | 0.3 | |||||
Materials | 0.3 | |||||
Multiline Retail | 0.3 | |||||
Wireless Telecommunication Services | 0.3 | |||||
Personal Products | 0.3 | |||||
Multi-Utilities | 0.2 | |||||
Health Care Technology | 0.2 | |||||
Automobiles | 0.2 | |||||
Containers & Packaging | 0.2 | |||||
Leisure Equipment & Products | 0.2 | |||||
Diversified Consumer Services | 0.1 | |||||
Building Products | 0.1 | |||||
Distributors | 0.1 | |||||
Real Estate Management & Development | 0.1 | |||||
Construction Materials | 0.0 | ** | ||||
Construction & Engineering | 0.0 | ** | ||||
Thrifts & Mortgage Finance | 0.0 | ** | ||||
Short Term Investments | 1.8 | |||||
Other Assets & Liabilities | (1.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
11
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, 2013 is 0.20%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | S&P 500 VALUE INDEX | NET ASSET VALUE | MARKET VALUE | S&P 500 VALUE INDEX | |||||||||||||||||||
SIX MONTHS | 13.89% | 13.90% | 14.04% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 31.63% | 31.65% | 31.99% | 31.63% | 31.65% | 31.99% | ||||||||||||||||||
THREE YEARS (1) | 53.48% | 53.42% | 54.57% | 15.35% | 15.33% | 15.62% | ||||||||||||||||||
FIVE YEARS (1) | 107.50% | 107.64% | 115.59% | 15.72% | 15.73% | 16.61% | ||||||||||||||||||
TEN YEARS (1)(2) | 94.38% | 94.57% | 101.87% | 6.87% | 6.88% | 7.28% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Large-Cap Value Total Stock Market 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. | |
(2) | Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones U.S. Large-Cap Value 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 October 31, 2005. |
12
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Large-Cap Value Total Stock Market 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. | |
(2) | Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones U.S. Large-Cap Value 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 October 31, 2005. | |
(3) | Index returns represent the Fund’s prior benchmark indices from December 31, 2003 through December 16, 2010 and the S&P 500 Value Index from December 17, 2010 through December 31, 2013. |
13
SPDR S&P 500 Value ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
GENERAL | JPMORGAN | |||||||||
DESCRIPTION | EXXON MOBIL CORP. | ELECTRIC CO. | CHEVRON CORP. | CHASE & CO. | WELLS FARGO & CO. | |||||
MARKET VALUE | $9,755,579 | 6,259,407 | 5,308,175 | 4,854,191 | 4,802,548 | |||||
% OF NET ASSETS | 5.5 | 3.6 | 3.0 | 2.8 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 14.0 | % | ||||
Diversified Financial Services | 9.0 | |||||
Insurance | 4.9 | |||||
Pharmaceuticals | 4.8 | |||||
Commercial Banks | 4.6 | |||||
Food & Staples Retailing | 4.3 | |||||
Industrial Conglomerates | 3.6 | |||||
Diversified Telecommunication Services | 3.5 | |||||
Health Care Providers & Services | 3.5 | |||||
Electric Utilities | 3.3 | |||||
Semiconductors & Semiconductor Equipment | 2.6 | |||||
Capital Markets | 2.4 | |||||
Machinery | 2.1 | |||||
Multi-Utilities | 2.0 | |||||
Household Products | 1.9 | |||||
Food Products | 1.9 | |||||
IT Services | 1.9 | |||||
Communications Equipment | 1.8 | |||||
Health Care Equipment & Supplies | 1.8 | |||||
Aerospace & Defense | 1.8 | |||||
Chemicals | 1.7 | |||||
Beverages | 1.7 | |||||
Real Estate Investment Trusts | 1.5 | |||||
Media | 1.5 | |||||
Computers & Peripherals | 1.4 | |||||
Energy Equipment & Services | 1.4 | |||||
Automobiles | 1.3 | |||||
Tobacco | 1.3 | |||||
Specialty Retail | 1.3 | |||||
Metals & Mining | 1.1 | |||||
Multiline Retail | 1.1 | |||||
Hotels, Restaurants & Leisure | 1.1 | |||||
Software | 1.0 | |||||
Electrical Equipment | 0.6 | |||||
Consumer Finance | 0.6 | |||||
Commercial Services & Supplies | 0.5 | |||||
Household Durables | 0.5 | |||||
Electronic Equipment, Instruments & Components | 0.5 | |||||
Paper & Forest Products | 0.5 | |||||
Air Freight & Logistics | 0.5 | |||||
Construction & Engineering | 0.3 | |||||
Internet Software & Services | 0.3 | |||||
Independent Power Producers & Energy Traders | 0.2 | |||||
Gas Utilities | 0.2 | |||||
Containers & Packaging | 0.2 | |||||
Life Sciences Tools & Services | 0.2 | |||||
Road & Rail | 0.2 | |||||
Textiles, Apparel & Luxury Goods | 0.2 | |||||
Office Electronics | 0.2 | |||||
Leisure Equipment & Products | 0.1 | |||||
Auto Components | 0.1 | |||||
Distributors | 0.1 | |||||
Thrifts & Mortgage Finance | 0.1 | |||||
Professional Services | 0.1 | |||||
Building Products | 0.1 | |||||
Construction Materials | 0.1 | |||||
Personal Products | 0.1 | |||||
Diversified Consumer Services | 0.0 | ** | ||||
Real Estate Management & Development | 0.0 | ** | ||||
Internet & Catalog Retail | 0.0 | ** | ||||
Short Term Investments | 3.2 | |||||
Other Assets & Liabilities | (2.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
14
SPDR Russell Small Cap Completeness 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 Russell Small Cap Completeness ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2013 is 0.10%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||||||||||
DOW JONES | RUSSELL | DOW JONES | RUSSELL | |||||||||||||||||||||||||||||
U.S. MID-CAP | SMALL CAP | U.S. MID-CAP | SMALL CAP | |||||||||||||||||||||||||||||
NET ASSET | MARKET | TOTAL STOCK | COMPLETENESS | NET ASSET | MARKET | TOTAL STOCK | COMPLETENESS | |||||||||||||||||||||||||
VALUE | VALUE | MARKET INDEX | INDEX | VALUE | VALUE | MARKET INDEX | INDEX | |||||||||||||||||||||||||
SIX MONTHS (1) | 19.52% | 19.60% | 18.12% | 20.11% | N/A | N/A | N/A | N/A | ||||||||||||||||||||||||
ONE YEAR (1) | 37.90% | 38.02% | 36.46% | 38.50% | 37.90% | 38.02% | 36.46% | 38.50% | ||||||||||||||||||||||||
THREE YEARS (1) | 60.38% | 60.27% | 59.35% | 57.09% | 17.05% | 17.03% | 16.80% | 16.25% | ||||||||||||||||||||||||
FIVE YEARS (1) | 189.12% | 189.79% | 188.83% | 173.89% | 23.66% | 23.71% | 23.63% | 22.33% | ||||||||||||||||||||||||
SINCE INCEPTION (1)(2) | 121.13% | 121.25% | 120.97% | 108.42% | 10.23% | 10.24% | 10.22% | 9.44% | ||||||||||||||||||||||||
(1) | Effective July 9, 2013, the Fund changed its benchmark index from the Dow Jones U.S. Mid-Cap Total Stock Market Index to the Russell Small Cap Completeness 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 July 9, 2013. | |
(2) | For the period November 8, 2005 to December 31, 2013. |
15
SPDR Russell Small Cap Completeness 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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective July 9, 2013, the Fund changed its benchmark index from the Dow Jones U.S. Mid-Cap Total Stock Market Index to the Russell Small Cap Completeness 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 July 9, 2013. | |
(2) | Index returns represent the Fund’s prior benchmark index from November 8, 2005 through July 8, 2013 and the Russell Small Cap Completeness Index from July 9, 2013 through December 31, 2013. |
16
SPDR Russell Small Cap Completeness ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
LIBERTY GLOBAL PLC | LAS VEGAS | LINKEDIN CORP. | LIBERTY INTERACTIVE | |||||||
DESCRIPTION | (CLASS A) | SANDS CORP. | (CLASS A) | CORP. (CLASS A) | SEADRILL, LTD. | |||||
MARKET VALUE | $711,564 | 629,304 | 428,890 | 318,682 | 295,858 | |||||
% OF NET ASSETS | 0.9 | 0.8 | 0.5 | 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.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 7.9 | % | ||||
Commercial Banks | 5.0 | |||||
Insurance | 4.2 | |||||
Software | 4.0 | |||||
Oil, Gas & Consumable Fuels | 3.9 | |||||
Machinery | 3.8 | |||||
Media | 3.7 | |||||
Specialty Retail | 3.5 | |||||
Hotels, Restaurants & Leisure | 3.2 | |||||
Health Care Providers & Services | 3.0 | |||||
Biotechnology | 2.9 | |||||
Semiconductors & Semiconductor Equipment | 2.8 | |||||
Chemicals | 2.6 | |||||
Internet Software & Services | 2.5 | |||||
IT Services | 2.5 | |||||
Health Care Equipment & Supplies | 2.4 | |||||
Electronic Equipment, Instruments & Components | 2.2 | |||||
Energy Equipment & Services | 2.2 | |||||
Capital Markets | 2.0 | |||||
Aerospace & Defense | 1.7 | |||||
Food Products | 1.7 | |||||
Commercial Services & Supplies | 1.5 | |||||
Professional Services | 1.4 | |||||
Pharmaceuticals | 1.2 | |||||
Metals & Mining | 1.2 | |||||
Household Durables | 1.2 | |||||
Communications Equipment | 1.2 | |||||
Thrifts & Mortgage Finance | 1.1 | |||||
Road & Rail | 1.1 | |||||
Textiles, Apparel & Luxury Goods | 1.1 | |||||
Electric Utilities | 1.1 | |||||
Life Sciences Tools & Services | 1.1 | |||||
Auto Components | 1.0 | |||||
Electrical Equipment | 1.0 | |||||
Trading Companies & Distributors | 1.0 | |||||
Airlines | 0.9 | |||||
Containers & Packaging | 0.9 | |||||
Internet & Catalog Retail | 0.9 | |||||
Building Products | 0.9 | |||||
Construction & Engineering | 0.9 | |||||
Wireless Telecommunication Services | 0.8 | |||||
Gas Utilities | 0.8 | |||||
Computers & Peripherals | 0.8 | |||||
Diversified Consumer Services | 0.7 | |||||
Real Estate Management & Development | 0.6 | |||||
Food & Staples Retailing | 0.6 | |||||
Diversified Telecommunication Services | 0.5 | |||||
Multi-Utilities | 0.5 | |||||
Household Products | 0.5 | |||||
Personal Products | 0.5 | |||||
Diversified Financial Services | 0.5 | |||||
Leisure Equipment & Products | 0.5 | |||||
Water Utilities | 0.4 | |||||
Automobiles | 0.4 | |||||
Paper & Forest Products | 0.4 | |||||
Distributors | 0.3 | |||||
Consumer Finance | 0.3 | |||||
Independent Power Producers & Energy Traders | 0.3 | |||||
Construction Materials | 0.3 | |||||
Multiline Retail | 0.3 | |||||
Health Care Technology | 0.2 | |||||
Air Freight & Logistics | 0.2 | |||||
Marine | 0.2 | |||||
Industrial Conglomerates | 0.2 | |||||
Beverages | 0.1 | |||||
Tobacco | 0.1 | |||||
Office Electronics | 0.1 | |||||
Transportation Infrastructure | 0.0 | ** | ||||
Short Term Investments | 12.1 | |||||
Other Assets & Liabilities | (11.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
17
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, 2013 is 0.25%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 17.10% | 17.00% | 17.23% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 32.44% | 32.49% | 32.77% | 32.44% | 32.49% | 32.77% | ||||||||||||||||||
THREE YEARS | 53.35% | 53.32% | 54.23% | 15.32% | 15.31% | 15.54% | ||||||||||||||||||
FIVE YEARS (1) | 201.88% | 202.68% | 184.09% | 24.73% | 24.79% | 23.22% | ||||||||||||||||||
SINCE INCEPTION (1)(2) | 127.66% | 127.82% | 120.49% | 10.62% | 10.63% | 10.19% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Mid-Cap Growth Total Stock Market 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, 2013. |
18
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Mid-Cap Growth Total Stock Market 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) | Index returns represent the Fund’s prior benchmark index from November 8, 2005 through December 16, 2010 and the S&P MidCap 400 Growth Index from December 17, 2010 through December 31, 2013. |
19
SPDR S&P 400 Mid Cap Growth ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
GREEN MOUNTAIN | ||||||||||
AFFILIATED MANAGERS GROUP, | TRACTOR SUPPLY | COFFEE ROASTERS, | POLARIS INDUSTRIES, | |||||||
DESCRIPTION | INC. | CO. | LKQ CORP. | INC. | INC. | |||||
MARKET VALUE | $2,095,061 | 1,975,963 | 1,805,026 | 1,804,472 | 1,712,872 | |||||
% OF NET ASSETS | 1.4 | 1.4 | 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.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Software | 6.7 | % | ||||
Machinery | 6.5 | |||||
Real Estate Investment Trusts | 5.1 | |||||
Commercial Banks | 5.0 | |||||
IT Services | 4.7 | |||||
Capital Markets | 3.4 | |||||
Energy Equipment & Services | 3.4 | |||||
Specialty Retail | 3.3 | |||||
Household Durables | 2.9 | |||||
Oil, Gas & Consumable Fuels | 2.9 | |||||
Health Care Providers & Services | 2.9 | |||||
Health Care Equipment & Supplies | 2.8 | |||||
Textiles, Apparel & Luxury Goods | 2.6 | |||||
Hotels, Restaurants & Leisure | 2.5 | |||||
Food Products | 2.5 | |||||
Electronic Equipment, Instruments & Components | 2.3 | |||||
Semiconductors & Semiconductor Equipment | 2.3 | |||||
Road & Rail | 2.2 | |||||
Commercial Services & Supplies | 2.2 | |||||
Chemicals | 1.9 | |||||
Building Products | 1.8 | |||||
Leisure Equipment & Products | 1.7 | |||||
Pharmaceuticals | 1.7 | |||||
Computers & Peripherals | 1.6 | |||||
Aerospace & Defense | 1.6 | |||||
Professional Services | 1.5 | |||||
Containers & Packaging | 1.5 | |||||
Media | 1.4 | |||||
Internet Software & Services | 1.4 | |||||
Biotechnology | 1.3 | |||||
Trading Companies & Distributors | 1.3 | |||||
Distributors | 1.2 | |||||
Insurance | 1.2 | |||||
Diversified Financial Services | 1.2 | |||||
Life Sciences Tools & Services | 1.2 | |||||
Communications Equipment | 1.1 | |||||
Household Products | 1.0 | |||||
Electrical Equipment | 1.0 | |||||
Diversified Consumer Services | 0.8 | |||||
Construction Materials | 0.8 | |||||
Marine | 0.7 | |||||
Metals & Mining | 0.7 | |||||
Airlines | 0.6 | |||||
Auto Components | 0.6 | |||||
Gas Utilities | 0.6 | |||||
Industrial Conglomerates | 0.3 | |||||
Thrifts & Mortgage Finance | 0.3 | |||||
Diversified Telecommunication Services | 0.3 | |||||
Water Utilities | 0.3 | |||||
Real Estate Management & Development | 0.2 | |||||
Office Electronics | 0.2 | |||||
Food & Staples Retailing | 0.2 | |||||
Health Care Technology | 0.2 | |||||
Paper & Forest Products | 0.2 | |||||
Automobiles | 0.1 | |||||
Short Term Investments | 5.4 | |||||
Other Assets & Liabilities | (5.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
20
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, 2013 is 0.28%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 15.58% | 15.45% | 15.76% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 33.84% | 33.96% | 34.25% | 33.84% | 33.96% | 34.25% | ||||||||||||||||||
THREE YEARS | 54.21% | 54.30% | 55.26% | 15.53% | 15.55% | 15.80% | ||||||||||||||||||
FIVE YEARS (1) | 147.03% | 147.69% | 154.94% | 19.83% | 19.89% | 20.58% | ||||||||||||||||||
SINCE INCEPTION (1)(2) | 91.55% | 91.75% | 101.27% | 8.30% | 8.32% | 8.97% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Mid-Cap Value Total Stock Market 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, 2013. |
21
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Mid-Cap Value Total Stock Market 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) | Index returns represent the Fund’s prior benchmark index from November 8, 2005 through December 16, 2010 and the S&P MidCap 400 Value Index from December 17, 2010 through December 31, 2013. |
22
SPDR S&P 400 Mid Cap Value ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
HOLLYFRONTIER | SL GREEN | FIDELITY NATIONAL | REALTY INCOME | EVEREST RE GROUP, | ||||||
DESCRIPTION | CORP. | REALTY CORP. | FINANCIAL, INC. (CLASS A) | CORP. | LTD. | |||||
MARKET VALUE | $998,769 | 886,940 | 819,460 | 779,226 | 757,528 | |||||
% 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.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 11.7 | % | ||||
Insurance | 9.1 | |||||
Specialty Retail | 6.0 | |||||
Machinery | 4.6 | |||||
Commercial Banks | 4.2 | |||||
Chemicals | 3.9 | |||||
Health Care Providers & Services | 3.8 | |||||
Electric Utilities | 3.3 | |||||
Electronic Equipment, Instruments & Components | 2.9 | |||||
Oil, Gas & Consumable Fuels | 2.8 | |||||
Semiconductors & Semiconductor Equipment | 2.6 | |||||
Metals & Mining | 2.5 | |||||
Food Products | 2.3 | |||||
Multi-Utilities | 2.3 | |||||
Energy Equipment & Services | 2.2 | |||||
Gas Utilities | 2.2 | |||||
Aerospace & Defense | 2.0 | |||||
Health Care Equipment & Supplies | 2.0 | |||||
Containers & Packaging | 1.9 | |||||
Software | 1.9 | |||||
Capital Markets | 1.9 | |||||
IT Services | 1.8 | |||||
Construction & Engineering | 1.7 | |||||
Commercial Services & Supplies | 1.4 | |||||
Media | 1.3 | |||||
Thrifts & Mortgage Finance | 1.2 | |||||
Household Products | 1.1 | |||||
Electrical Equipment | 1.0 | |||||
Professional Services | 1.0 | |||||
Internet Software & Services | 1.0 | |||||
Diversified Consumer Services | 0.9 | |||||
Communications Equipment | 0.9 | |||||
Food & Staples Retailing | 0.8 | |||||
Trading Companies & Distributors | 0.8 | |||||
Computers & Peripherals | 0.8 | |||||
Household Durables | 0.6 | |||||
Multiline Retail | 0.6 | |||||
Real Estate Management & Development | 0.6 | |||||
Paper & Forest Products | 0.6 | |||||
Hotels, Restaurants & Leisure | 0.6 | |||||
Road & Rail | 0.5 | |||||
Life Sciences Tools & Services | 0.5 | |||||
Pharmaceuticals | 0.4 | |||||
Wireless Telecommunication Services | 0.3 | |||||
Construction Materials | 0.3 | |||||
Industrial Conglomerates | 0.3 | |||||
Water Utilities | 0.3 | |||||
Internet & Catalog Retail | 0.3 | |||||
Diversified Telecommunication Services | 0.3 | |||||
Airlines | 0.2 | |||||
Air Freight & Logistics | 0.2 | |||||
Tobacco | 0.2 | |||||
Building Products | 0.2 | |||||
Automobiles | 0.2 | |||||
Office Electronics | 0.2 | |||||
Health Care Technology | 0.2 | |||||
Marine | 0.1 | |||||
Short Term Investments | 16.9 | |||||
Other Assets & Liabilities | (16.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
23
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, 2013 is 0.24%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P SMALLCAP 600 | NET ASSET | MARKET | S&P SMALLCAP 600 | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 21.41% | 21.29% | 21.62% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 40.98% | 40.83% | 41.31% | 40.98% | 40.83% | 41.31% | ||||||||||||||||||
THREE YEARS | 65.24% | 64.93% | 66.05% | 18.22% | 18.15% | 18.42% | ||||||||||||||||||
FIVE YEARS (1) | 197.21% | 198.20% | 163.37% | 24.34% | 24.42% | 21.37% | ||||||||||||||||||
SINCE INCEPTION (1)(2) | 128.25% | 128.06% | 111.24% | 10.66% | 10.65% | 9.62% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Small-Cap Total Stock Market 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, 2013. |
24
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Small-Cap Total Stock Market 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) | Index returns represent the Fund’s prior benchmark index from November 8, 2005 through December 16, 2010 and the S&P SmallCap 600 Index from December 17, 2010 through December 31, 2013. |
25
SPDR S&P 600 Small Cap ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
ALIGN TECHNOLOGY, | FIFTH & PACIFIC COS., | FINANCIAL | ||||||||
DESCRIPTION | INC. | INC. | FEI CO. | THE TORO CO. | ENGINES, INC. | |||||
MARKET VALUE | $2,450,535 | 2,387,098 | 2,261,076 | 2,207,683 | 2,127,825 | |||||
% OF NET ASSETS | 0.6 | 0.6 | 0.5 | 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.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Commercial Banks | 7.7 | % | ||||
Real Estate Investment Trusts | 6.3 | |||||
Electronic Equipment, Instruments & Components | 5.4 | |||||
Specialty Retail | 4.8 | |||||
Health Care Equipment & Supplies | 4.1 | |||||
Semiconductors & Semiconductor Equipment | 3.9 | |||||
Machinery | 3.5 | |||||
Hotels, Restaurants & Leisure | 3.4 | |||||
Health Care Providers & Services | 3.2 | |||||
Chemicals | 2.9 | |||||
Software | 2.8 | |||||
Textiles, Apparel & Luxury Goods | 2.7 | |||||
Aerospace & Defense | 2.4 | |||||
Commercial Services & Supplies | 2.4 | |||||
Capital Markets | 2.3 | |||||
Energy Equipment & Services | 2.3 | |||||
Internet Software & Services | 2.2 | |||||
IT Services | 2.1 | |||||
Insurance | 2.1 | |||||
Pharmaceuticals | 2.1 | |||||
Food Products | 2.1 | |||||
Oil, Gas & Consumable Fuels | 1.8 | |||||
Communications Equipment | 1.7 | |||||
Gas Utilities | 1.6 | |||||
Household Durables | 1.6 | |||||
Metals & Mining | 1.6 | |||||
Electrical Equipment | 1.5 | |||||
Professional Services | 1.5 | |||||
Consumer Finance | 1.3 | |||||
Paper & Forest Products | 1.2 | |||||
Electric Utilities | 1.1 | |||||
Building Products | 1.0 | |||||
Thrifts & Mortgage Finance | 0.9 | |||||
Construction & Engineering | 0.8 | |||||
Diversified Consumer Services | 0.8 | |||||
Food & Staples Retailing | 0.7 | |||||
Media | 0.7 | |||||
Health Care Technology | 0.7 | |||||
Life Sciences Tools & Services | 0.6 | |||||
Trading Companies & Distributors | 0.6 | |||||
Biotechnology | 0.6 | |||||
Auto Components | 0.6 | |||||
Computers & Peripherals | 0.6 | |||||
Air Freight & Logistics | 0.6 | |||||
Diversified Financial Services | 0.5 | |||||
Road & Rail | 0.5 | |||||
Multi-Utilities | 0.5 | |||||
Distributors | 0.4 | |||||
Leisure Equipment & Products | 0.4 | |||||
Airlines | 0.3 | |||||
Diversified Telecommunication Services | 0.3 | |||||
Construction Materials | 0.3 | |||||
Beverages | 0.3 | |||||
Internet & Catalog Retail | 0.3 | |||||
Household Products | 0.2 | |||||
Multiline Retail | 0.2 | |||||
Water Utilities | 0.2 | |||||
Personal Products | 0.1 | |||||
Automobiles | 0.1 | |||||
Real Estate Management & Development | 0.1 | |||||
Wireless Telecommunication Services | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Tobacco | 0.0 | ** | ||||
Short Term Investments | 9.8 | |||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
26
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, 2013 is 0.28%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 23.13% | 23.08% | 23.25% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 42.44% | 42.42% | 42.69% | 42.44% | 42.42% | 42.69% | ||||||||||||||||||
THREE YEARS | 68.62% | 68.47% | 69.39% | 19.02% | 18.99% | 19.20% | ||||||||||||||||||
FIVE YEARS (1) | 222.47% | 222.65% | 178.26% | 26.39% | 26.40% | 22.71% | ||||||||||||||||||
TEN YEARS (1)(2) | 191.45% | 191.05% | 189.68% | 11.29% | 11.27% | 11.22% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Small-Cap Growth Total Stock Market 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. | |
(2) | Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones U.S. Small-Cap Growth 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 October 31, 2005. |
27
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Small-Cap Growth Total Stock Market 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. | |
(2) | Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones U.S. Small-Cap Growth 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 October 31, 2005. | |
(3) | Index returns represent the Fund’s prior benchmark indices from December 31, 2003 through December 16, 2010 and the S&P SmallCap 600 Growth Index from December 17, 2010 through December 31, 2013. |
28
SPDR S&P 600 Small Cap Growth ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
ALIGN TECHNOLOGY, | FIFTH & PACIFIC COS., | FINANCIAL ENGINES, | WEST PHARMACEUTICAL | |||||||
DESCRIPTION | INC. | INC. | FEI CO. | INC. | SERVICES, INC. | |||||
MARKET VALUE | $4,093,940 | 3,989,893 | 3,787,434 | 3,549,247 | 3,477,226 | |||||
% OF NET ASSETS | 1.2 | 1.1 | 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.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Commercial Banks | 9.0 | % | ||||
Health Care Equipment & Supplies | 5.9 | |||||
Electronic Equipment, Instruments & Components | 5.6 | |||||
Hotels, Restaurants & Leisure | 4.5 | |||||
Real Estate Investment Trusts | 4.3 | |||||
Software | 4.3 | |||||
Textiles, Apparel & Luxury Goods | 4.0 | |||||
Internet Software & Services | 3.8 | |||||
Specialty Retail | 3.7 | |||||
Pharmaceuticals | 3.7 | |||||
IT Services | 2.9 | |||||
Machinery | 2.9 | |||||
Semiconductors & Semiconductor Equipment | 2.9 | |||||
Capital Markets | 2.8 | |||||
Chemicals | 2.7 | |||||
Health Care Providers & Services | 2.5 | |||||
Electrical Equipment | 2.1 | |||||
Energy Equipment & Services | 2.0 | |||||
Consumer Finance | 1.9 | |||||
Aerospace & Defense | 1.7 | |||||
Oil, Gas & Consumable Fuels | 1.7 | |||||
Communications Equipment | 1.7 | |||||
Household Durables | 1.4 | |||||
Professional Services | 1.3 | |||||
Commercial Services & Supplies | 1.3 | |||||
Food Products | 1.3 | |||||
Health Care Technology | 1.3 | |||||
Insurance | 1.1 | |||||
Diversified Consumer Services | 1.1 | |||||
Biotechnology | 1.0 | |||||
Paper & Forest Products | 0.9 | |||||
Auto Components | 0.9 | |||||
Metals & Mining | 0.8 | |||||
Building Products | 0.8 | |||||
Life Sciences Tools & Services | 0.8 | |||||
Diversified Financial Services | 0.7 | |||||
Food & Staples Retailing | 0.7 | |||||
Media | 0.7 | |||||
Leisure Equipment & Products | 0.6 | |||||
Beverages | 0.6 | |||||
Road & Rail | 0.6 | |||||
Thrifts & Mortgage Finance | 0.6 | |||||
Computers & Peripherals | 0.6 | |||||
Airlines | 0.5 | |||||
Distributors | 0.4 | |||||
Construction & Engineering | 0.4 | |||||
Trading Companies & Distributors | 0.4 | |||||
Household Products | 0.3 | |||||
Construction Materials | 0.3 | |||||
Automobiles | 0.2 | |||||
Real Estate Management & Development | 0.2 | |||||
Internet & Catalog Retail | 0.2 | |||||
Air Freight & Logistics | 0.2 | |||||
Personal Products | 0.2 | |||||
Diversified Telecommunication Services | 0.2 | |||||
Water Utilities | 0.1 | |||||
Multiline Retail | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Wireless Telecommunication Services | 0.0 | ** | ||||
Short Term Investments | 9.5 | |||||
Other Assets & Liabilities | (9.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% net assets. |
29
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, 2013 is 0.30%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P SMALLCAP 600 | NET ASSET | MARKET | S&P SMALLCAP 600 | |||||||||||||||||||
VALUE | VALUE | VALUE INDEX | VALUE | VALUE | VALUE INDEX | |||||||||||||||||||
SIX MONTHS | 19.90% | 20.04% | 20.05% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 39.62% | 39.69% | 39.98% | 39.62% | 39.69% | 39.98% | ||||||||||||||||||
THREE YEARS | 62.23% | 62.18% | 63.19% | 17.50% | 17.49% | 17.73% | ||||||||||||||||||
FIVE YEARS (1) | 175.18% | 176.12% | 150.03% | 22.44% | 22.52% | 20.12% | ||||||||||||||||||
TEN YEARS (1)(2) | 161.63% | 161.45% | 161.09% | 10.10% | 10.09% | 10.07% | ||||||||||||||||||
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Small-Cap Value Total Stock Market 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. | |
(2) | Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones U.S. Small-Cap Value 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 October 31, 2005. |
30
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective December 17, 2010, the Fund changed its benchmark index from the Dow Jones U.S. Small-Cap Value Total Stock Market 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. | |
(2) | Effective October 31, 2005, the Fund changed its benchmark index to the Dow Jones U.S. Small-Cap Value 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 October 31, 2005. | |
(3) | Index returns represent the Fund’s prior benchmark indices from December 31, 2003 through December 16, 2010 and the S&P SmallCap 600 Value Index from December 17, 2010 through December 31, 2013. |
31
SPDR S&P 600 Small Cap Value ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
PROSPECT CAPITAL | PROASSURANCE | CURTISS-WRIGHT | EMCOR GROUP, | |||||||
DESCRIPTION | CENTENE CORP. | CORP. | CORP. | CORP. | INC. | |||||
MARKET VALUE | $2,297,635 | 2,263,388 | 2,130,163 | 2,097,649 | 2,026,722 | |||||
% OF NET ASSETS | 0.9 | 0.9 | 0.9 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 8.2 | % | ||||
Commercial Banks | 6.4 | |||||
Specialty Retail | 5.9 | |||||
Electronic Equipment, Instruments & Components | 5.1 | |||||
Semiconductors & Semiconductor Equipment | 4.8 | |||||
Machinery | 4.0 | |||||
Health Care Providers & Services | 3.9 | |||||
Commercial Services & Supplies | 3.3 | |||||
Gas Utilities | 3.2 | |||||
Chemicals | 3.2 | |||||
Insurance | 3.1 | |||||
Aerospace & Defense | 3.0 | |||||
Food Products | 2.9 | |||||
Energy Equipment & Services | 2.6 | |||||
Hotels, Restaurants & Leisure | 2.3 | |||||
Metals & Mining | 2.3 | |||||
Electric Utilities | 2.3 | |||||
Health Care Equipment & Supplies | 2.2 | |||||
Oil, Gas & Consumable Fuels | 2.0 | |||||
Capital Markets | 1.8 | |||||
Household Durables | 1.8 | |||||
Professional Services | 1.6 | |||||
Communications Equipment | 1.6 | |||||
Textiles, Apparel & Luxury Goods | 1.4 | |||||
Paper & Forest Products | 1.4 | |||||
IT Services | 1.4 | |||||
Software | 1.3 | |||||
Construction & Engineering | 1.2 | |||||
Thrifts & Mortgage Finance | 1.2 | |||||
Building Products | 1.2 | |||||
Multi-Utilities | 1.0 | |||||
Electrical Equipment | 0.9 | |||||
Trading Companies & Distributors | 0.9 | |||||
Air Freight & Logistics | 0.9 | |||||
Food & Staples Retailing | 0.8 | |||||
Media | 0.8 | |||||
Consumer Finance | 0.7 | |||||
Internet Software & Services | 0.7 | |||||
Computers & Peripherals | 0.6 | |||||
Diversified Consumer Services | 0.5 | |||||
Pharmaceuticals | 0.5 | |||||
Life Sciences Tools & Services | 0.5 | |||||
Diversified Telecommunication Services | 0.5 | |||||
Distributors | 0.4 | |||||
Road & Rail | 0.4 | |||||
Internet & Catalog Retail | 0.4 | |||||
Diversified Financial Services | 0.3 | |||||
Construction Materials | 0.3 | |||||
Auto Components | 0.3 | |||||
Multiline Retail | 0.3 | |||||
Biotechnology | 0.3 | |||||
Airlines | 0.2 | |||||
Leisure Equipment & Products | 0.2 | |||||
Water Utilities | 0.2 | |||||
Wireless Telecommunication Services | 0.1 | |||||
Personal Products | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Household Products | 0.1 | |||||
Tobacco | 0.1 | |||||
Short Term Investments | 9.8 | |||||
Other Assets & Liabilities | (9.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
32
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, 2013 is 0.50%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 18.60% | 18.77% | 18.80% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 26.93% | 26.28% | 27.25% | 26.93% | 26.28% | 27.25% | ||||||||||||||||||
THREE YEARS (1) | 27.43% | 27.30% | 27.42% | 8.41% | 8.38% | 8.41% | ||||||||||||||||||
FIVE YEARS (1) | 64.68% | 65.38% | 81.65% | 10.49% | 10.59% | 12.68% | ||||||||||||||||||
TEN YEARS (1) | 43.79% | 44.17% | N/A | 3.70% | 3.73% | N/A | ||||||||||||||||||
(1) | Effective May 2, 2011, the Fund changed its benchmark index to the Global Dow 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 May 2, 2011. | |
(2) | The Global Dow Index inception date is November 9, 2008. |
33
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective May 2, 2011, the Fund changed its benchmark index to the Global Dow 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 May 2, 2011. | |
(2) | The Global Dow Index inception date is November 9, 2008. Returns represent the Fund’s prior benchmark index (12/31/03-5/1/11) and Global Dow Index (5/2/11-12/31/13). |
34
SPDR Global Dow ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
SOUTHWEST | VESTAS WIND | |||||||||
DESCRIPTION | AMAZON.COM, INC. | FEDEX CORP. | AIRLINES CO. | SYSTEMS A/S | ALCOA, INC. | |||||
MARKET VALUE | $865,374 | 863,195 | 860,687 | 860,460 | 839,504 | |||||
% OF NET ASSETS | 0.8 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Commercial Banks | 8.7 | % | ||||
Oil, Gas & Consumable Fuels | 8.3 | |||||
Metals & Mining | 5.4 | |||||
Pharmaceuticals | 5.2 | |||||
Industrial Conglomerates | 3.5 | |||||
Capital Markets | 3.2 | |||||
Insurance | 2.9 | |||||
Diversified Financial Services | 2.8 | |||||
Aerospace & Defense | 2.7 | |||||
Chemicals | 2.7 | |||||
Wireless Telecommunication Services | 2.6 | |||||
Food & Staples Retailing | 2.6 | |||||
Diversified Telecommunication Services | 2.5 | |||||
Multi-Utilities | 2.5 | |||||
Software | 2.2 | |||||
Media | 2.1 | |||||
IT Services | 2.1 | |||||
Automobiles | 2.0 | |||||
Health Care Equipment & Supplies | 1.9 | |||||
Hotels, Restaurants & Leisure | 1.9 | |||||
Semiconductors & Semiconductor Equipment | 1.9 | |||||
Household Durables | 1.9 | |||||
Machinery | 1.8 | |||||
Electric Utilities | 1.8 | |||||
Communications Equipment | 1.8 | |||||
Air Freight & Logistics | 1.6 | |||||
Electrical Equipment | 1.5 | |||||
Computers & Peripherals | 1.5 | |||||
Specialty Retail | 1.4 | |||||
Internet Software & Services | 1.4 | |||||
Food Products | 1.4 | |||||
Biotechnology | 1.4 | |||||
Beverages | 1.3 | |||||
Textiles, Apparel & Luxury Goods | 1.3 | |||||
Household Products | 1.3 | |||||
Health Care Providers & Services | 1.3 | |||||
Trading Companies & Distributors | 1.2 | |||||
Internet & Catalog Retail | 0.8 | |||||
Airlines | 0.8 | |||||
Consumer Finance | 0.7 | |||||
Construction & Engineering | 0.7 | |||||
Building Products | 0.7 | |||||
Auto Components | 0.7 | |||||
Energy Equipment & Services | 0.6 | |||||
Tobacco | 0.6 | |||||
Office Electronics | 0.6 | |||||
Short Term Investments | 1.8 | |||||
Other Assets & Liabilities | (1.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
35
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, 2013 is 0.25%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | −4.29% | −4.29% | −4.20% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 0.94% | 0.97% | 1.22% | 0.94% | 0.97% | 1.22% | ||||||||||||||||||
THREE YEARS | 28.70% | 28.62% | 29.65% | 8.78% | 8.75% | 9.04% | ||||||||||||||||||
FIVE YEARS | 111.43% | 111.20% | 113.30% | 16.15% | 16.13% | 16.36% | ||||||||||||||||||
TEN YEARS | 117.14% | 117.14% | 120.33% | 8.06% | 8.06% | 8.22% | ||||||||||||||||||
36
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
37
SPDR Dow Jones REIT ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
SIMON PROPERTY | ||||||||||
DESCRIPTION | GROUP, INC. | PUBLIC STORAGE | PROLOGIS | EQUITY RESIDENTIAL | VENTAS, INC. | |||||
MARKET VALUE | $229,734,059 | 105,844,008 | 89,653,891 | 84,584,201 | 81,954,677 | |||||
% OF NET ASSETS | 11 | 5.1 | 4.3 | 4.0 | 3.9 | |||||
(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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Specialized REITs | 27.6 | % | ||||
Retail REITs | 26.2 | |||||
Residential REITs | 17.8 | |||||
Office REITs | 15.7 | |||||
Industrial REITs | 6.2 | |||||
Diversified REITs | 5.9 | |||||
Short Term Investments | 3.1 | |||||
Other Assets & Liabilities | (2.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
38
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P BANKS SELECT | NET ASSET | MARKET | S&P BANKS SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX (3) | VALUE | VALUE | INDUSTRY INDEX (3) | |||||||||||||||||||
SIX MONTHS | 16.60% | 16.45% | 16.84% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 41.51% | 41.47% | 42.11% | 41.51% | 41.47% | 42.11% | ||||||||||||||||||
THREE YEARS | 35.11% | 35.09% | N/A | 10.55% | 10.54% | N/A | ||||||||||||||||||
FIVE YEARS (1) | 63.70% | 63.63% | N/A | 10.36% | 10.35% | N/A | ||||||||||||||||||
SINCE INCEPTION (1)(2) | −18.57% | −18.53% | N/A | −2.49% | −2.48% | N/A | ||||||||||||||||||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Banks Select Industry 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, 2013. | |
(3) | The S&P Banks Select Industry Index inception date is September 12, 2011. |
39
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Banks Select Industry 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. Returns represent the Fund’s prior benchmark index (11/8/05-10/23/11) and S&P Banks Select Industry Index (10/24/11-12/31/13). |
40
SPDR S&P Bank ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
TEXAS CAPITAL | WEBSTER FINANCIAL | NORTHERN TRUST | BANCORPSOUTH, | SYNOVUS FINANCIAL | ||||||
DESCRIPTION | BANCSHARES, INC. | CORP. | CORP. | INC. | CORP. | |||||
MARKET VALUE | $51,744,180 | 51,046,649 | 50,927,857 | 50,926,631 | 50,463,187 | |||||
% OF NET ASSETS | 2.1 | 2.0 | 2.0 | 2.0 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Regional Banks | 64.8 | % | ||||
Thrifts & Mortgage Finance | 17.4 | |||||
Other Diversified Financial Services | 7.7 | |||||
Diversified Banks | 5.9 | |||||
Asset Management & Custody Banks | 4.0 | |||||
Short Term Investments | 7.9 | |||||
Other Assets & Liabilities | (7.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
41
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, 2013 is 1.86%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P CAPITAL MARKETS | S&P CAPITAL MARKETS | |||||||||||||||||||||||
NET ASSET | MARKET | SELECT INDUSTRY | NET ASSET | MARKET | SELECT INDUSTRY | |||||||||||||||||||
VALUE | VALUE | INDEX (3) | VALUE | VALUE | INDEX (3) | |||||||||||||||||||
SIX MONTHS | 26.58% | 26.55% | 26.87% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 50.05% | 49.86% | 50.71% | 50.05% | 49.86% | 50.71% | ||||||||||||||||||
THREE YEARS | 41.89% | 41.77% | N/A | 12.37% | 12.34% | N/A | ||||||||||||||||||
FIVE YEARS (1) | 112.58% | 112.79% | N/A | 16.28% | 16.30% | N/A | ||||||||||||||||||
SINCE INCEPTION (1)(2) | 12.72% | 12.67% | N/A | 1.48% | 1.48% | N/A | ||||||||||||||||||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Capital Markets Select Industry 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, 2013 | |
(3) | The S&P Capital Markets Select Industry Index inception date is September 12, 2011. |
42
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Capital Markets Select Industry 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. Returns represent the Fund’s prior benchmark index (11/8/05-10/23/11) and S&P Capital Markets Select Industry Index (10/24/11-12/31/13). |
43
SPDR S&P Capital Markets ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
WISDOMTREE | JANUS CAPITAL | FEDERATED INVESTORS, | EVERCORE PARTNERS, | AMERIPRISE | ||||||
DESCRIPTION | INVESTMENTS, INC. | GROUP, INC. | INC. (CLASS B) | INC. (CLASS A) | FINANCIAL, INC. | |||||
MARKET VALUE | $3,710,351 | 3,678,244 | 3,490,877 | 3,423,541 | 3,418,250 | |||||
% OF NET ASSETS | 3.0 | 3.0 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Asset Management & Custody Banks | 61.8 | % | ||||
Investment Banking & Brokerage | 35.6 | |||||
Mortgage REIT’s | 2.4 | |||||
Short Term Investments | 10.9 | |||||
Other Assets & Liabilities | (10.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
44
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | INDEX (3) | VALUE | VALUE | INDEX (3) | |||||||||||||||||||
SIX MONTHS | 17.67% | 17.69% | 17.91% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 45.55% | 45.56% | 46.15% | 45.55% | 45.56% | 46.15% | ||||||||||||||||||
THREE YEARS | 54.44% | 54.44% | N/A | 15.59% | 15.59% | N/A | ||||||||||||||||||
FIVE YEARS (1) | 150.18% | 150.14% | N/A | 20.13% | 20.13% | N/A | ||||||||||||||||||
SINCE INCEPTION (1)(2) | 39.42% | 39.43% | N/A | 4.16% | 4.16% | N/A | ||||||||||||||||||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Insurance Select Industry 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, 2013 | |
(3) | The S&P Insurance Select Industry Index inception date is September 12, 2011. |
45
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Insurance Select Industry 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. Returns represent the Fund’s prior benchmark index (11/8/05-10/23/11) and S&P Insurance Select Industry Index (10/24/11-12/31/13). |
46
SPDR S&P Insurance ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
FIDELITY NATIONAL | OLD REPUBLIC | |||||||||
DESCRIPTION | FINANCIAL, INC. (CLASS A) | MBIA, INC. | XL GROUP PLC | PARTNERRE, LTD. | INTERNATIONAL CORP. | |||||
MARKET VALUE | $10,179,305 | 10,097,586 | 10,089,014 | 10,084,274 | 10,079,186 | |||||
% OF NET ASSETS | 2.1 | 2.1 | 2.1 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Property & Casualty Insurance | 36.8 | % | ||||
Life & Health Insurance | 22.2 | |||||
Reinsurance | 16.5 | |||||
Multi-line Insurance | 14.3 | |||||
Insurance Brokers | 10.1 | |||||
Short Term Investments | 2.8 | |||||
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. |
47
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P MORTGAGE | S&P MORTGAGE | |||||||||||||||||||||||
NET ASSET | MARKET | FINANCE SELECT | NET ASSET | MARKET | FINANCE SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX (3) | VALUE | VALUE | INDUSTRY INDEX (3) | |||||||||||||||||||
SIX MONTHS | 12.68% | 12.60% | 12.87% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 32.17% | 32.08% | 32.67% | 32.17% | 32.08% | 32.67% | ||||||||||||||||||
THREE YEARS (1) | 40.88% | 40.85% | N/A | 12.10% | 12.09% | N/A | ||||||||||||||||||
SINCE INCEPTION (1)(2) | 51.08% | 51.04% | N/A | 9.22% | 9.22% | N/A | ||||||||||||||||||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Mortgage Finance Select Industry 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, 2013. | |
(3) | The S&P Mortgage Finance Select Industry Index inception date is September 12, 2011. |
48
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Mortgage Finance Select Industry 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. Returns represent the Fund’s prior benchmark index (4/29/09-10/23/11) and S&P Mortgage Finance Select Industry Index (10/24/11-12/31/13). |
49
SPDR S&P Mortgage Finance ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
AMBAC FINANCIAL | ||||||||||
DESCRIPTION | GROUP, INC. | D.R. HORTON, INC. | TOLL BROTHERS, INC. | LENNAR CORP. (CLASS A) | PULTE GROUP, INC. | |||||
MARKET VALUE | $200,606 | 196,527 | 189,551 | 188,701 | 188,606 | |||||
% OF NET ASSETS | 2.4 | 2.3 | 2.3 | 2.3 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Insurance | 51.0 | % | ||||
Thrifts & Mortgage Finance | 28.5 | |||||
Household Durables | 20.2 | |||||
Short Term Investments | 22.2 | |||||
Other Assets & Liabilities | (21.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
50
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P REGIONAL BANKS | S&P REGIONAL BANKS | |||||||||||||||||||||||
NET ASSET | MARKET | SELECT INDUSTRY | NET ASSET | MARKET | SELECT INDUSTRY | |||||||||||||||||||
VALUE | VALUE | INDEX (3) | VALUE | VALUE | INDEX (3) | |||||||||||||||||||
SIX MONTHS | 20.84% | 20.79% | 21.08% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 47.30% | 47.33% | 47.92% | 47.30% | 47.33% | 47.92% | ||||||||||||||||||
THREE YEARS | 62.45% | 62.22% | N/A | 17.55% | 17.50% | N/A | ||||||||||||||||||
FIVE YEARS (1) | 52.10% | 52.40% | N/A | 8.75% | 8.79% | N/A | ||||||||||||||||||
SINCE INCEPTION (1)(2) | 2.62% | 2.67% | N/A | 0.34% | 0.35% | N/A | ||||||||||||||||||
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Regional Banks Select Industry 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, 2013. | |
(3) | The S&P Regional Banks Select Industry Index inception date is September 12, 2011. |
51
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
(1) | Effective October 24, 2011, the Fund changed its benchmark index to the S&P Regional Banks Select Industry 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. Returns represent the Fund’s prior benchmark index (6/19/06-10/23/11) and S&P Regional Banks Select Industry Index (10/24/11-12/31/13). |
52
SPDR S&P Regional Banking ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
TAXAS CAPITAL | WEBSTER | SYNOVUS | ||||||||
DESCRIPTION | BANCSHARES, INC. | FINANCIAL CORP. | BANCORPSOUTH, INC. | FINANCIAL CORP. | POPULAR, INC. | |||||
MARKET VALUE | $45,099,167 | 44,533,770 | 44,429,076 | 44,026,888 | 43,837,441 | |||||
% OF NET ASSETS | 1.6 | 1.5 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Regional Banks | 95.5 | % | ||||
Thrifts & Mortgage Finance | 4.4 | |||||
Short Term Investments | 4.4 | |||||
Other Assets & Liabilities | (4.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
53
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, 2013 is 0.50%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MORGAN STANLEY | MORGAN STANLEY | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | TECHNOLOGY INDEX | NET ASSET VALUE | MARKET VALUE | TECHNOLOGY INDEX | |||||||||||||||||||
SIX MONTHS | 21.84% | 21.81% | 22.20% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 33.21% | 33.22% | 33.86% | 33.21% | 33.22% | 33.86% | ||||||||||||||||||
THREE YEARS | 40.07% | 40.04% | 41.91% | 11.89% | 11.88% | 12.38% | ||||||||||||||||||
FIVE YEARS | 175.15% | 175.59% | 181.68% | 22.44% | 22.48% | 23.01% | ||||||||||||||||||
TEN YEARS | 98.38% | 98.62% | 107.74% | 7.09% | 7.10% | 7.58% | ||||||||||||||||||
54
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
55
SPDR Morgan Stanley Technology ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
CISCO | INTERNATIONAL BUSINESS | JUNIPER | ||||||||
DESCRIPTION | SYSTEMS, INC. | ORACLE CORP. | MACHINES CORP. | NETWORKS, INC. | INTEL CORP. | |||||
MARKET VALUE | $6,423,731 | 6,359,194 | 6,291,286 | 6,266,786 | 6,261,526 | |||||
% OF NET ASSETS | 3.0 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Software | 17.2 | % | ||||
Computers & Peripherals | 17.1 | |||||
Communications Equipment | 14.5 | |||||
IT Services | 14.4 | |||||
Semiconductors & Semiconductor Equipment | 11.5 | |||||
Internet Software & Services | 11.2 | |||||
Internet & Catalog Retail | 8.2 | |||||
Electronic Equipment, Instruments & Components | 2.9 | |||||
Office Electronics | 2.9 | |||||
Short Term Investments | 4.9 | |||||
Other Assets & Liabilities | (4.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
56
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P HIGH YIELD DIVIDEND | S&P HIGH YIELD DIVIDEND | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | ARISTOCRATS INDEX | NET ASSET VALUE | MARKET VALUE | ARISTOCRATS INDEX | |||||||||||||||||||
SIX MONTHS | 12.51% | 12.58% | 12.77% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 30.05% | 30.00% | 30.59% | 30.05% | 30.00% | 30.59% | ||||||||||||||||||
THREE YEARS | 55.50% | 55.38% | 57.24% | 15.85% | 15.82% | 16.29% | ||||||||||||||||||
FIVE YEARS | 115.65% | 115.91% | 118.44% | 16.61% | 16.64% | 16.91% | ||||||||||||||||||
SINCE INCEPTION (1) | 86.08% | 86.09% | 89.15% | 7.92% | 7.92% | 8.14% | ||||||||||||||||||
(1) | For the period November 8, 2005 to December 31, 2013. |
57
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
58
SPDR S&P Dividend ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
CONSOLIDATED | ||||||||||
DESCRIPTION | AT&T, INC. | HCP, INC. | EDISON, INC. | ABBVIE, INC. | SYSCO CORP. | |||||
MARKET VALUE | $370,954,807 | 303,978,497 | 297,192,743 | 280,541,031 | 267,278,696 | |||||
% OF NET ASSETS | 3.0 | 2.4 | 2.4 | 2.2 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Household Products | 7.2 | % | ||||
Real Estate Investment Trusts | 6.1 | |||||
Chemicals | 6.0 | |||||
Machinery | 5.3 | |||||
Gas Utilities | 5.0 | |||||
Insurance | 4.9 | |||||
Food & Staples Retailing | 4.9 | |||||
Beverages | 4.2 | |||||
Oil, Gas & Consumable Fuels | 4.1 | |||||
Pharmaceuticals | 3.9 | |||||
Health Care Equipment & Supplies | 3.8 | |||||
Multi-Utilities | 3.7 | |||||
Capital Markets | 3.6 | |||||
Food Products | 3.4 | |||||
Diversified Telecommunication Services | 3.0 | |||||
Multiline Retail | 2.2 | |||||
Industrial Conglomerates | 2.1 | |||||
Hotels, Restaurants & Leisure | 1.9 | |||||
Containers & Packaging | 1.8 | |||||
Metals & Mining | 1.8 | |||||
Electrical Equipment | 1.7 | |||||
Semiconductors & Semiconductor Equipment | 1.6 | |||||
Health Care Providers & Services | 1.5 | |||||
Aerospace & Defense | 1.5 | |||||
Household Durables | 1.5 | |||||
Distributors | 1.5 | |||||
IT Services | 1.4 | |||||
Computers & Peripherals | 1.3 | |||||
Textiles, Apparel & Luxury Goods | 1.2 | |||||
Media | 1.1 | |||||
Water Utilities | 1.0 | |||||
Materials | 0.9 | |||||
Specialty Retail | 0.8 | |||||
Commercial Services & Supplies | 0.8 | |||||
Wireless Telecommunication Services | 0.8 | |||||
Trading Companies & Distributors | 0.8 | |||||
Building Products | 0.7 | |||||
Commercial Banks | 0.7 | |||||
Short Term Investments | 3.8 | |||||
Other Assets & Liabilities | (3.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
59
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 31.37% | 31.31% | 31.69% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 58.64% | 58.60% | 59.40% | 58.64% | 58.60% | 59.40% | ||||||||||||||||||
SINCE INCEPTION (1) | 107.69% | 107.58% | 109.58% | 38.17% | 38.14% | 38.76% | ||||||||||||||||||
(1) | For the period September 28, 2011 to December 31, 2013. |
60
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
61
SPDR S&P Aerospace & Defense ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
HUNTINGTON INGALLS | LOCKHEED | SPIRIT AEROSYSTEMS | PRECISION | |||||||
DESCRIPTION | TEXTRON, INC. | INDUSTRIES, INC. | MARTIN CORP. | HOLDINGS, INC. (CLASS A) | CASTPARTS CORP. | |||||
MARKET VALUE | $1,522,158 | 1,441,060 | 1,392,944 | 1,387,806 | 1,386,087 | |||||
% OF NET ASSETS | 4.4 | 4.2 | 4.0 | 4.0 | 4.0 | |||||
(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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Aerospace & Defense | 99.7 | % | ||||
Short Term Investments | 16.2 | |||||
Other Assets & Liabilities | (15.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
62
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 25.08% | 25.01% | 24.92% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 48.50% | 48.33% | 48.20% | 48.50% | 48.33% | 48.20% | ||||||||||||||||||
THREE YEARS | 107.66% | 107.39% | 107.87% | 27.58% | 27.53% | 27.62% | ||||||||||||||||||
FIVE YEARS | 145.34% | 145.51% | 146.35% | 19.66% | 19.68% | 19.76% | ||||||||||||||||||
SINCE INCEPTION (1) | 168.37% | 168.05% | 172.77% | 13.28% | 13.26% | 13.52% | ||||||||||||||||||
(1) | For the period January 31, 2006 to December 31, 2013. |
63
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
64
SPDR S&P Biotech ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
ARIAD | INOVIO | UNITED | NPS | |||||||
PHARMACEUTICALS, | PHARMACEUTICALS, | THERAPEUTICS | PHARMACEUTICALS, | |||||||
DESCRIPTION | INC. | INC. | NOVAVAX, INC. | CORP. | INC. | |||||
MARKET VALUE | $24,958,888 | 21,387,117 | 19,318,743 | 18,726,500 | 17,954,813 | |||||
% OF NET ASSETS | 2.5 | 2.1 | 1.9 | 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.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Biotechnology | 99.9 | % | ||||
Short Term Investments | 24.6 | |||||
Other Assets & Liabilities | (24.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
65
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P HEALTH CARE | S&P HEALTH CARE | |||||||||||||||||||||||
EQUIPMENT SELECT | EQUIPMENT SELECT | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | INDUSTRY INDEX | NET ASSET VALUE | MARKET VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 20.72% | 20.85% | 20.95% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 36.31% | 36.57% | 36.85% | 36.31% | 36.57% | 36.85% | ||||||||||||||||||
SINCE INCEPTION (1) | 55.61% | 55.73% | 57.37% | 16.28% | 16.31% | 16.74% | ||||||||||||||||||
(1) | For the period January 26, 2011 to December 31, 2013. |
66
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
67
SPDR S&P Health Care Equipment ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
EDWARDS | ST. JUDE | GLOBUS MEDICAL, INC. | INTUITIVE | |||||||
DESCRIPTION | LIFESCIENCES CORP. | MEDICAL, INC. | (CLASS A) | SURGICAL, INC. | ALERE, INC. | |||||
MARKET VALUE | $530,289 | 529,301 | 527,909 | 524,269 | 522,981 | |||||
% OF NET ASSETS | 2.0 | 2.0 | 2.0 | 2.0 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY* | NET ASSETS | |||||
Health Care Equipment | 79.6 | % | ||||
Health Care Supplies | 20.4 | |||||
Short Term Investments | 24.4 | |||||
Other Assets & Liabilities | (24.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
68
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P HEALTH CARE | S&P HEALTH CARE | |||||||||||||||||||||||
SERVICES SELECT | SERVICES SELECT | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | INDUSTRY INDEX | NET ASSET VALUE | MARKET VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 12.31% | 12.01% | 12.49% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 37.16% | 37.06% | 37.66% | 37.16% | 37.06% | 37.66% | ||||||||||||||||||
SINCE INCEPTION (1) | 89.46% | 89.44% | 91.15% | 32.67% | 32.67% | 33.22% | ||||||||||||||||||
(1) | For the period September 28, 2011 to December 31, 2013. |
69
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
70
SPDR S&P Health Care Services ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
UNITEDHEALTH | ||||||||||
DESCRIPTION | BIOSCRIP, INC. | HEALTHWAYS, INC. | GROUP, INC. | AIR METHODS CORP. | AETNA, INC. | |||||
MARKET VALUE | $1,562,954 | 1,549,828 | 1,473,546 | 1,465,366 | 1,454,931 | |||||
% OF NET ASSETS | 2.5 | 2.4 | 2.3 | 2.3 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Health Care Services | 32.2 | % | ||||
Health Care Facilities | 29.5 | |||||
Managed Health Care | 22.3 | |||||
Health Care Distributors | 15.8 | |||||
Short Term Investments | 28.7 | |||||
Other Assets & Liabilities | (28.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
71
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 13.15% | �� | 13.21% | 13.35% | N/A | N/A | N/A | |||||||||||||||||
ONE YEAR | 25.50% | 25.37% | 25.90% | 25.50% | 25.37% | 25.90% | ||||||||||||||||||
THREE YEARS | 95.90% | 95.82% | 97.74% | 25.13% | 25.11% | 25.52% | ||||||||||||||||||
FIVE YEARS | 191.91% | 192.82% | 195.65% | 23.89% | 23.97% | 24.21% | ||||||||||||||||||
SINCE INCEPTION (1) | −21.93% | −21.92% | −21.51% | −3.08% | −3.08% | −3.01% | ||||||||||||||||||
(1) | For the period January 31, 2006 to December 31, 2013. |
72
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
73
SPDR S&P Homebuilders ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
LUMBER LIQUIDATORS | ||||||||||
DESCRIPTION | D.R. HORTON, INC. | HOLDINGS, INC. | TOLL BROTHERS, INC. | LENNAR CORP. (CLASS A) | PULTE GROUP, INC. | |||||
MARKET VALUE | $68,502,647 | 66,908,338 | 66,064,388 | 65,771,823 | 65,741,629 | |||||
% OF NET ASSETS | 3.4 | 3.3 | 3.3 | 3.3 | 3.3 | |||||
(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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Homebuilding | 29.5 | % | ||||
Building Products | 27.9 | |||||
Home Furnishing Retail | 18.0 | |||||
Home Improvement Retail | 9.3 | |||||
Home Furnishings | 8.0 | |||||
Household Appliances | 4.1 | |||||
Household Durables | 3.1 | |||||
Short Term Investments | 5.0 | |||||
Other Assets & Liabilities | (4.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
74
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 27.64% | 27.87% | 27.68% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −5.41% | −5.31% | −5.35% | −5.41% | −5.31% | −5.35% | ||||||||||||||||||
THREE YEARS | −36.51% | −36.51% | −36.28% | −14.05% | −14.05% | −13.95% | ||||||||||||||||||
FIVE YEARS | 59.97% | 60.32% | 61.58% | 9.85% | 9.90% | 10.07% | ||||||||||||||||||
SINCE INCEPTION (1) | 5.13% | 5.18% | 6.76% | 0.67% | 0.67% | 0.87% | ||||||||||||||||||
(1) | For the period June 19, 2006 to December 31, 2013. |
75
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
76
SPDR S&P Metals & Mining ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
AK STEEL | ALPHA NATURAL | |||||||||
DESCRIPTION | HOLDING CORP. | MOLYCORP, INC. | WALTER ENERGY, INC. | RESOURCES, INC. | ALCOA, INC. | |||||
MARKET VALUE | $24,244,374 | 21,670,006 | 20,336,245 | 19,907,834 | 19,696,933 | |||||
% OF NET ASSETS | 4.1 | 3.6 | 3.4 | 3.3 | 3.3 | |||||
(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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Steel | 33.3 | % | ||||
Diversified Metals & Mining | 22.2 | |||||
Coal & Consumable Fuels | 16.7 | |||||
Precious Metals & Minerals | 10.6 | |||||
Gold | 9.1 | |||||
Aluminum | 7.9 | |||||
Short Term Investments | 16.1 | |||||
Other Assets & Liabilities | (15.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
77
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P OIL & GAS | S&P OIL & GAS | |||||||||||||||||||||||
EQUIPMENT & | EQUIPMENT & | |||||||||||||||||||||||
NET ASSET | MARKET | SERVICES SELECT | NET ASSET | MARKET | SERVICES SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX | VALUE | VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 12.00% | 12.04% | 12.13% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 27.00% | 27.00% | 27.28% | 27.00% | 27.00% | 27.28% | ||||||||||||||||||
THREE YEARS | 21.11% | 21.09% | 21.78% | 6.59% | 6.59% | 6.79% | ||||||||||||||||||
FIVE YEARS | 164.36% | 164.81% | 167.57% | 21.46% | 21.50% | 21.76% | ||||||||||||||||||
SINCE INCEPTION (1) | 63.35% | 63.39% | 66.35% | 6.73% | 6.73% | 6.99% | ||||||||||||||||||
(1) | For the period June 19, 2006 to December 31, 2013. |
78
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
79
SPDR S&P Oil & Gas Equipment & Services ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
MCDERMOTT | HERCULES | EXTERRAN | NABORS | GEOSPACE | ||||||
DESCRIPTION | INTERNATIONAL, INC. | OFFSHORE, INC. | HOLDINGS, INC. | INDUSTRIES, LTD. | TECHNOLOGIES CORP. | |||||
MARKET VALUE | $8,263,474 | 7,976,904 | 7,914,085 | 7,828,635 | 7,793,129 | |||||
% OF NET ASSETS | 2.6 | 2.6 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil & Gas Equipment & Services | 71.5 | % | ||||
Oil & Gas Drilling | 28.3 | |||||
Short Term Investments | 7.9 | |||||
Other Assets & Liabilities | (7.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
80
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P OIL & GAS | S&P OIL & GAS | |||||||||||||||||||||||
EXPLORATION & | EXPLORATION & | |||||||||||||||||||||||
NET ASSET | MARKET | PRODUCTION SELECT | NET ASSET | MARKET | PRODUCTION SELECT | |||||||||||||||||||
VALUE | VALUE | INDUSTRY INDEX | VALUE | VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 18.05% | 18.12% | 18.20% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 27.93% | 27.89% | 28.25% | 27.93% | 27.89% | 28.25% | ||||||||||||||||||
THREE YEARS | 34.19% | 34.16% | 34.71% | 10.30% | 10.29% | 10.44% | ||||||||||||||||||
FIVE YEARS | 141.40% | 141.71% | 143.98% | 19.27% | 19.30% | 19.53% | ||||||||||||||||||
SINCE INCEPTION (1) | 113.77% | 113.82% | 117.32% | 10.61% | 10.61% | 10.85% | ||||||||||||||||||
(1) | For the period June 19, 2006 to December 31, 2013. |
81
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
82
SPDR S&P Oil & Gas Exploration & Production ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
GREEN PLAINS | ||||||||||
DIAMONDBACK | MAGNUM HUNTER | DELEK US | RENEWABLE | |||||||
DESCRIPTION | ENERGY, INC. | CVR ENERGY, INC. | RESOURCES CORP. | HOLDINGS, INC. | ENERGY, INC. | |||||
MARKET VALUE | $13,068,314 | 12,783,490 | 12,611,848 | 12,610,026 | 12,597,528 | |||||
% OF NET ASSETS | 1.5 | 1.4 | 1.4 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil & Gas Exploration & Production | 74.9 | % | ||||
Oil & Gas Refining & Marketing | 17.2 | |||||
Integrated Oil & Gas | 7.8 | |||||
Short Term Investments | 13.6 | |||||
Other Assets & Liabilities | (13.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
83
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P PHARMACEUTICALS | S&P PHARMACEUTICALS | |||||||||||||||||||||||
SELECT INDUSTRY | SELECT INDUSTRY | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | INDEX | NET ASSET VALUE | MARKET VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 27.15% | 27.08% | 27.34% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 60.66% | 60.71% | 61.09% | 60.66% | 60.71% | 61.09% | ||||||||||||||||||
THREE YEARS | 101.09% | 100.91% | 102.45% | 26.22% | 26.18% | 26.51% | ||||||||||||||||||
FIVE YEARS | 214.98% | 214.76% | 219.00% | 25.79% | 25.78% | 26.11% | ||||||||||||||||||
SINCE INCEPTION (1) | 212.09% | 212.03% | 217.01% | 16.30% | 16.30% | 16.55% | ||||||||||||||||||
(1) | For the period June 19, 2006 to December 31, 2013. |
84
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
85
SPDR S&P Pharmaceuticals ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
PACIRA | JAZZ | FOREST | SALIX | |||||||
DESCRIPTION | ALLERGAN, INC. | PHARMACEUTICALS, INC. | PHARMACEUTICALS PLC | LABORATORIES, INC. | PHARMACEUTICALS, LTD. | |||||
MARKET VALUE | $27,703,463 | 27,652,460 | 26,618,352 | 26,070,129 | 25,768,979 | |||||
% OF NET ASSETS | 3.9 | 3.9 | 3.8 | 3.7 | 3.6 | |||||
(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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Pharmaceuticals | 99.9 | % | ||||
Short Term Investments | 8.1 | |||||
Other Assets & Liabilities | (8.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
86
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P RETAIL SELECT | S&P RETAIL SELECT | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | INDUSTRY INDEX | NET ASSET VALUE | MARKET VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 15.37% | 15.39% | 15.58% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 42.15% | 42.10% | 42.64% | 42.15% | 42.10% | 42.64% | ||||||||||||||||||
THREE YEARS | 88.22% | 88.11% | 89.46% | 23.47% | 23.44% | 23.74% | ||||||||||||||||||
FIVE YEARS | 358.39% | 359.44% | 364.21% | 35.60% | 35.66% | 35.94% | ||||||||||||||||||
SINCE INCEPTION (1) | 161.27% | 161.32% | 167.04% | 13.59% | 13.59% | 13.92% | ||||||||||||||||||
(1) | For the period June 19, 2006 to December 31, 2013. |
87
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
88
SPDR S&P Retail ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
THE FINISH LINE, INC. | BROWN SHOE CO., | |||||||||
DESCRIPTION | GROUPON, INC. | SUPERVALU, INC. | OVERSTOCK.COM, INC. | (CLASS A) | INC. | |||||
MARKET VALUE | $12,685,753 | 12,550,843 | 12,533,347 | 12,433,731 | 12,357,653 | |||||
% OF NET ASSETS | 1.1 | 1.1 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Apparel Retail | 25.6 | % | ||||
Specialty Stores | 16.0 | |||||
Automotive Retail | 13.4 | |||||
Internet Retail | 12.0 | |||||
Food Retail | 8.8 | |||||
General Merchandise Stores | 7.3 | |||||
Department Stores | 6.1 | |||||
Computer & Electronics Retail | 2.9 | |||||
Hypermarkets & Super Centers | 2.9 | |||||
Drug Retail | 2.9 | |||||
Catalog Retail | 1.0 | |||||
Specialized Consumer Services | 0.9 | |||||
Short Term Investments | 10.1 | |||||
Other Assets & Liabilities | (9.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
89
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P SEMICONDUCTOR | S&P SEMICONDUCTOR | |||||||||||||||||||||||
SELECT INDUSTRY | SELECT INDUSTRY | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | INDEX | NET ASSET VALUE | MARKET VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 14.98% | 14.97% | 15.17% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 36.30% | 36.25% | 36.72% | 36.30% | 36.25% | 36.72% | ||||||||||||||||||
THREE YEARS | 14.36% | 14.19% | 14.75% | 4.57% | 4.52% | 4.69% | ||||||||||||||||||
FIVE YEARS | 163.87% | 164.12% | 166.71% | 21.42% | 21.44% | 21.68% | ||||||||||||||||||
SINCE INCEPTION (1) | 20.89% | 20.83% | 20.88% | 2.42% | 2.42% | 2.42% | ||||||||||||||||||
(1) | For the period January 31, 2006 to December 31, 2013. |
90
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
91
SPDR S&P Semiconductor ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
APPLIED MICRO | AVAGO | FREESCALE | ||||||||
DESCRIPTION | LSI CORP. | CIRCUITS CORP. | TECHNOLOGIES, LTD. | SEMICONDUCTOR, LTD. | CREE, INC. | |||||
MARKET VALUE | $2,924,961 | 2,480,786 | 2,431,618 | 2,346,333 | 2,341,057 | |||||
% OF NET ASSETS | 3.0 | 2.5 | 2.5 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Semiconductors | 100.0 | % | ||||
Short Term Investments | 7.5 | |||||
Other Assets & Liabilities | (7.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | �� | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
92
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P SOFTWARE & | S&P SOFTWARE & | |||||||||||||||||||||||
SERVICES SELECT | SERVICES SELECT | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | INDUSTRY INDEX | NET ASSET VALUE | MARKET VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 26.64% | 26.57% | 26.90% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 47.81% | 47.86% | 48.34% | 47.81% | 47.86% | 48.34% | ||||||||||||||||||
SINCE INCEPTION (1) | 91.46% | 91.38% | 93.08% | 33.29% | 33.26% | 33.81% | ||||||||||||||||||
(1) | For the period September 28, 2011 to December 31, 2013. |
93
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
94
SPDR S&P Software & Services ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
DESCRIPTION | RESPONSYS, INC. | LIVEPERSON, INC. | MONSTER WORLDWIDE, INC. | ANGIE’S LIST, INC. | RED HAT, INC. | |||||
MARKET VALUE | $253,652 | 227,042 | 222,470 | 220,039 | 214,241 | |||||
% OF NET ASSETS | 0.8 | 0.7 | 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.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Application Software | 29.0 | % | ||||
Internet Software & Services | 26.9 | |||||
Data Processing & Outsourced Services | 18.8 | |||||
IT Consulting & Other Services | 11.3 | |||||
Systems Software | 10.5 | |||||
Home Entertainment Software | 2.3 | |||||
Diversified Commercial & Professional Services | 1.2 | |||||
Short Term Investments | 28.1 | |||||
Other Assets & Liabilities | (28.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
95
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P TELECOM SELECT | S&P TELECOM SELECT | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | INDUSTRY INDEX | NET ASSET VALUE | MARKET VALUE | INDUSTRY INDEX | |||||||||||||||||||
SIX MONTHS | 14.98% | 14.82% | 15.22% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 23.20% | 23.09% | 23.66% | 23.20% | 23.09% | 23.66% | ||||||||||||||||||
SINCE INCEPTION (1) | 14.08% | 13.96% | 15.31% | 4.60% | 4.56% | 4.98% | ||||||||||||||||||
(1) | For the period January 26, 2011 to December 31, 2013. |
96
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
97
SPDR S&P Telecom ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
UBIQUITI | ARRIS | |||||||||
DESCRIPTION | NII HOLDINGS, INC. | SPRINT CORP. | T-MOBILE US, INC. | NETWORKS, INC. | GROUP, INC. | |||||
MARKET VALUE | $400,744 | 358,653 | 342,287 | 321,766 | 315,502 | |||||
% OF NET ASSETS | 2.9 | 2.6 | 2.5 | 2.3 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Communications Equipment | 61.9 | % | ||||
Wireless Telecommunication Services | 14.9 | |||||
Integrated Telecommunication Services | 12.1 | |||||
Alternative Carriers | 10.9 | |||||
Short Term Investments | 27.2 | |||||
Other Assets & Liabilities | (27.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
98
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, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P TRANSPORTATION | S&P TRANSPORTATION | |||||||||||||||||||||||
SELECT INDUSTRY | SELECT INDUSTRY | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | INDEX | NET ASSET VALUE | MARKET VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 23.10% | 23.17% | 23.34% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 52.01% | 52.10% | 52.61% | 52.01% | 52.10% | 52.61% | ||||||||||||||||||
SINCE INCEPTION (1) | 62.88% | 62.92% | 64.74% | 18.11% | 18.12% | 18.58% | ||||||||||||||||||
(1) | For the period January 26, 2011 to December 31, 2013. |
99
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
100
SPDR S&P Transportation ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
HERTZ GLOBAL | AVIS BUDGET | KANSAS CITY | ||||||||
DESCRIPTION | HOLDINGS, INC. | GROUP, INC. | KIRBY CORP. | RYDER SYSTEMS, INC. | SOUTHERN | |||||
MARKET VALUE | $2,262,296 | 2,192,947 | 2,141,319 | 2,136,300 | 2,071,057 | |||||
% OF NET ASSETS | 3.1 | 3.0 | 2.9 | 2.9 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Trucking | 36.7 | % | ||||
Airlines | 23.7 | |||||
Air Freight & Logistics | 20.3 | |||||
Railroads | 14.0 | |||||
Marine | 4.1 | |||||
Airport Services | 1.1 | |||||
Short Term Investments | 25.2 | |||||
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. |
101
SPDR S&P 1500 Value Tilt 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 (10/24/12, 10/25/12, 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 S&P 1500 Value Tilt ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P 1500 LOW | NET ASSET | MARKET | S&P 1500 LOW | |||||||||||||||||||
VALUE | VALUE | VALUATION TILT INDEX | VALUE | VALUE | VALUATION TILT INDEX | |||||||||||||||||||
SIX MONTHS | 15.92% | 16.13% | 16.22% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 34.72% | 34.76% | 35.44% | 34.72% | 34.76% | 35.44% | ||||||||||||||||||
SINCE INCEPTION | 37.78% | 37.99% | 38.64% | 30.93% | 31.10% | 31.73% | ||||||||||||||||||
(1) | For the period October 24, 2012 to December 31, 2013. |
102
SPDR S&P 1500 Value Tilt 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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
103
SPDR S&P 1500 Value Tilt ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
WAL-MART STORES, | BANK OF AMERICA | |||||||||
DESCRIPTION | EXXON MOBIL CORP. | JPMORGAN CHASE & CO. | INC. | CHEVRON CORP. | CORP. | |||||
MARKET VALUE | $232,254 | 185,031 | 174,062 | 151,016 | 139,725 | |||||
% OF NET ASSETS | 2.9 | 2.3 | 2.2 | 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.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 10.8 | % | ||||
Diversified Financial Services | 7.2 | |||||
Insurance | 6.6 | |||||
Food & Staples Retailing | 4.1 | |||||
Health Care Providers & Services | 3.8 | |||||
Commercial Banks | 3.7 | |||||
Pharmaceuticals | 3.4 | |||||
Computers & Peripherals | 3.2 | |||||
Aerospace & Defense | 2.8 | |||||
Media | 2.7 | |||||
Capital Markets | 2.7 | |||||
Diversified Telecommunication Services | 2.7 | |||||
Software | 2.5 | |||||
Specialty Retail | 2.2 | |||||
Semiconductors & Semiconductor Equipment | 2.2 | |||||
Chemicals | 2.1 | |||||
IT Services | 2.0 | |||||
Electric Utilities | 2.0 | |||||
Machinery | 2.0 | |||||
Industrial Conglomerates | 2.0 | |||||
Food Products | 2.0 | |||||
Health Care Equipment & Supplies | 1.7 | |||||
Internet Software & Services | 1.4 | |||||
Hotels, Restaurants & Leisure | 1.4 | |||||
Energy Equipment & Services | 1.4 | |||||
Multi-Utilities | 1.3 | |||||
Real Estate Investment Trusts | 1.2 | |||||
Beverages | 1.2 | |||||
Household Products | 1.2 | |||||
Metals & Mining | 1.1 | |||||
Consumer Finance | 1.0 | |||||
Tobacco | 1.0 | |||||
Electronic Equipment, Instruments & Components | 1.0 | |||||
Communications Equipment | 0.9 | |||||
Biotechnology | 0.9 | |||||
Multiline Retail | 0.8 | |||||
Commercial Services & Supplies | 0.8 | |||||
Air Freight & Logistics | 0.8 | |||||
Automobiles | 0.7 | |||||
Road & Rail | 0.7 | |||||
Electrical Equipment | 0.6 | |||||
Internet & Catalog Retail | 0.5 | |||||
Household Durables | 0.5 | |||||
Textiles, Apparel & Luxury Goods | 0.5 | |||||
Auto Components | 0.5 | |||||
Containers & Packaging | 0.3 | |||||
Life Sciences Tools & Services | 0.3 | |||||
Gas Utilities | 0.3 | |||||
Paper & Forest Products | 0.3 | |||||
Construction & Engineering | 0.3 | |||||
Professional Services | 0.3 | |||||
Office Electronics | 0.3 | |||||
Thrifts & Mortgage Finance | 0.2 | |||||
Diversified Consumer Services | 0.2 | |||||
Airlines | 0.2 | |||||
Independent Power Producers & Energy Traders | 0.2 | |||||
Leisure Equipment & Products | 0.1 | |||||
Trading Companies & Distributors | 0.1 | |||||
Building Products | 0.1 | |||||
Personal Products | 0.1 | |||||
Distributors | �� | 0.1 | ||||
Wireless Telecommunication Services | 0.1 | |||||
Construction Materials | 0.1 | |||||
Materials | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Real Estate Management & Development | 0.0 | ** | ||||
Marine | 0.0 | ** | ||||
Water Utilities | 0.0 | ** | ||||
Short Term Investments | 21.6 | |||||
Other Assets & Liabilities | (21.2 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
104
SPDR S&P 1500 Momentum Tilt 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 (10/24/12, 10/25/12, 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 S&P 1500 Momentum Tilt ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2013 is 0.35%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P 1500 POSITIVE | S&P 1500 POSITIVE | |||||||||||||||||||||||
MOMENTUM TILT | MOMENTUM TILT | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | INDEX | NET ASSET VALUE | MARKET VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 17.64% | 17.69% | 17.93% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 33.22% | 33.25% | 33.84% | 33.22% | 33.25% | 33.84% | ||||||||||||||||||
SINCE INCEPTION | 34.57% | 34.68% | 35.31% | 28.37% | 28.46% | 29.06% | ||||||||||||||||||
(1) | For the period October 24, 2012 to December 31, 2013. |
105
SPDR S&P 1500 Momentum Tilt 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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
106
SPDR S&P 1500 Momentum Tilt ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
GOOGLE, INC. | BANK OF AMERICA | BERKSHIRE HATHAWAY, | ||||||||
DESCRIPTION | (CLASS A) | CORP. | JOHNSON & JOHNSON | INC. (CLASS B) | MICROSOFT CORP. | |||||
MARKET VALUE | $227,504 | 172,843 | 171,456 | 168,711 | 152,527 | |||||
% OF NET ASSETS | 1.9 | 1.5 | 1.4 | 1.4 | 1.3 | |||||
(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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Diversified Financial Services | 5.9 | % | ||||
Oil, Gas & Consumable Fuels | 5.1 | |||||
Pharmaceuticals | 5.0 | |||||
Media | 4.6 | |||||
Aerospace & Defense | 4.1 | |||||
Insurance | 4.1 | |||||
Biotechnology | 3.9 | |||||
IT Services | 3.4 | |||||
Commercial Banks | 3.2 | |||||
Capital Markets | 3.1 | |||||
Software | 3.0 | |||||
Specialty Retail | 2.9 | |||||
Chemicals | 2.9 | |||||
Internet Software & Services | 2.8 | |||||
Health Care Providers & Services | 2.7 | |||||
Machinery | 2.4 | |||||
Semiconductors & Semiconductor Equipment | 2.2 | |||||
Industrial Conglomerates | 2.1 | |||||
Internet & Catalog Retail | 2.0 | |||||
Health Care Equipment & Supplies | 2.0 | |||||
Energy Equipment & Services | 2.0 | |||||
Food & Staples Retailing | 1.9 | |||||
Hotels, Restaurants & Leisure | 1.8 | |||||
Communications Equipment | 1.8 | |||||
Food Products | 1.7 | |||||
Computers & Peripherals | 1.6 | |||||
Electrical Equipment | 1.2 | |||||
Beverages | 1.2 | |||||
Textiles, Apparel & Luxury Goods | 1.2 | |||||
Household Products | 1.1 | |||||
Automobiles | 1.1 | |||||
Consumer Finance | 1.1 | |||||
Road & Rail | 1.1 | |||||
Real Estate Investment Trusts | 1.1 | |||||
Electronic Equipment, Instruments & Components | 1.1 | |||||
Life Sciences Tools & Services | 0.8 | |||||
Auto Components | 0.8 | |||||
Air Freight & Logistics | 0.8 | |||||
Commercial Services & Supplies | 0.7 | |||||
Multi-Utilities | 0.7 | |||||
Diversified Telecommunication Services | 0.6 | |||||
Household Durables | 0.6 | |||||
Tobacco | 0.6 | |||||
Electric Utilities | 0.5 | |||||
Professional Services | 0.5 | |||||
Airlines | 0.5 | |||||
Containers & Packaging | 0.4 | |||||
Multiline Retail | 0.3 | |||||
Construction & Engineering | 0.3 | |||||
Trading Companies & Distributors | 0.3 | |||||
Building Products | 0.3 | |||||
Metals & Mining | 0.3 | |||||
Leisure Equipment & Products | 0.2 | |||||
Paper & Forest Products | 0.2 | |||||
Materials | 0.2 | |||||
Diversified Consumer Services | 0.2 | |||||
Distributors | 0.2 | |||||
Gas Utilities | 0.2 | |||||
Health Care Technology | 0.2 | |||||
Office Electronics | 0.2 | |||||
Personal Products | 0.1 | |||||
Thrifts & Mortgage Finance | 0.1 | |||||
Independent Power Producers & Energy Traders | 0.1 | |||||
Construction Materials | 0.1 | |||||
Wireless Telecommunication Services | 0.1 | |||||
Real Estate Management & Development | 0.1 | |||||
Marine | 0.1 | |||||
Water Utilities | 0.0 | ** | ||||
Short Term Investments | 18.4 | |||||
Other Assets & Liabilities | (18.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
107
SPDR Russell 1000 Low Volatility 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 (2/20/13, 2/21/13) 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 Russell 1000 Low Volatility ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2013 is 0.20%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P 1000 LOW | S&P 1000 LOW | |||||||||||||||||||||||
NET ASSET VALUE | MARKET VALUE | VOLATILITY INDEX | NET ASSET VALUE | MARKET VALUE | VOLATILITY INDEX | |||||||||||||||||||
SIX MONTHS | 11.37% | 11.44% | 11.51% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | 17.55% | 17.54% | 17.80% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period February 20, 2013 to December 31, 2013. |
108
SPDR Russell 1000 Low Volatility 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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
109
SPDR Russell 1000 Low Volatility ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
ALLIANCE DATA | ||||||||||
DESCRIPTION | SYSTEMS CORP. | THE WALT DISNEY CO. | 3M CO. | EXXON MOBIL CORP. | RAYTHEON CO. | |||||
MARKET VALUE | $209,818 | 209,795 | 207,710 | 206,853 | 205,345 | |||||
% OF NET ASSETS | 2.0 | 2.0 | 2.0 | 2.0 | 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, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
IT Services | 9.2 | % | ||||
Electric Utilities | 9.1 | |||||
Health Care Equipment & Supplies | 7.3 | |||||
Household Products | 6.3 | |||||
Aerospace & Defense | 5.8 | |||||
Food Products | 5.5 | |||||
Real Estate Investment Trusts | 5.5 | |||||
Multi-Utilities | 5.3 | |||||
Pharmaceuticals | 4.5 | |||||
Oil, Gas & Consumable Fuels | 3.8 | |||||
Commercial Banks | 3.5 | |||||
Beverages | 3.3 | |||||
Tobacco | 2.9 | |||||
Insurance | 2.7 | |||||
Industrial Conglomerates | 2.6 | |||||
Media | 2.3 | |||||
Diversified Telecommunication Services | 2.2 | |||||
Air Freight & Logistics | 2.0 | |||||
Hotels, Restaurants & Leisure | 2.0 | |||||
Thrifts & Mortgage Finance | 1.9 | |||||
Energy Equipment & Services | 1.6 | |||||
Internet Software & Services | 1.5 | |||||
Diversified Financial Services | 1.4 | |||||
Capital Markets | 1.4 | |||||
Machinery | 1.3 | |||||
Professional Services | 1.1 | |||||
Food & Staples Retailing | 1.0 | |||||
Distributors | 0.9 | |||||
Wireless Telecommunication Services | 0.7 | |||||
Commercial Services & Supplies | 0.6 | |||||
Chemicals | 0.4 | |||||
Short Term Investments | 28.4 | |||||
Other Assets & Liabilities | (28.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
110
SPDR Russell 2000 Low Volatility 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 (2/20/13, 2/21/13) 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 Russell 2000 Low Volatility ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2013 is 0.25%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P 2000 LOW | NET ASSET | MARKET | S&P 2000 LOW | |||||||||||||||||||
VALUE | VALUE | VOLATILITY INDEX | VALUE | VALUE | VOLATILITY INDEX | |||||||||||||||||||
SIX MONTHS | 16.96% | 17.11% | 16.93% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | 22.50% | 22.53% | 22.62% | N/A | N/A | N/A | ||||||||||||||||||
(1) For the period February 20, 2013 to December 31, 2013. |
111
SPDR Russell 2000 Low Volatility 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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
112
SPDR Russell 2000 Low Volatility ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
CAPITOL FEDERAL | ||||||||||
DESCRIPTION | CURTISS-WRIGHT CORP. | PRIMERICA, INC. | SOTHEBY’S | FINANCIAL, INC. | TRUSTMARK CORP. | |||||
MARKET VALUE | $144,996 | 140,144 | 137,416 | 133,585 | 132,804 | |||||
% OF NET ASSETS | 2.0 | 2.0 | 1.9 | 1.9 | 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.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 16.1 | % | ||||
Commercial Banks | 11.3 | |||||
Electric Utilities | 8.8 | |||||
Insurance | 5.7 | |||||
IT Services | 4.8 | |||||
Thrifts & Mortgage Finance | 4.8 | |||||
Health Care Equipment & Supplies | 4.1 | |||||
Gas Utilities | 3.8 | |||||
Tobacco | 3.4 | |||||
Capital Markets | 3.3 | |||||
Multi-Utilities | 3.1 | |||||
Aerospace & Defense | 3.0 | |||||
Commercial Services & Supplies | 2.5 | |||||
Diversified Consumer Services | 2.4 | |||||
Trading Companies & Distributors | 2.4 | |||||
Food Products | 2.3 | |||||
Health Care Providers & Services | 2.1 | |||||
Chemicals | 1.9 | |||||
Semiconductors & Semiconductor Equipment | 1.9 | |||||
Distributors | 1.8 | |||||
Software | 1.5 | |||||
Electrical Equipment | 1.1 | |||||
Internet Software & Services | 1.1 | |||||
Oil, Gas & Consumable Fuels | 0.9 | |||||
Containers & Packaging | 0.8 | |||||
Food & Staples Retailing | 0.7 | |||||
Electronic Equipment, Instruments & Components | 0.6 | |||||
Consumer Finance | 0.6 | |||||
Hotels, Restaurants & Leisure | 0.4 | |||||
Building Products | 0.4 | |||||
Auto Components | 0.3 | |||||
Metals & Mining | 0.3 | |||||
Specialty Retail | 0.3 | |||||
Machinery | 0.2 | |||||
Construction & Engineering | 0.2 | |||||
Water Utilities | 0.2 | |||||
Road & Rail | 0.1 | |||||
Communications Equipment | 0.1 | |||||
Diversified Financial Services | 0.1 | |||||
Energy Equipment & Services | 0.1 | |||||
Real Estate Management & Development | 0.0 | ** | ||||
Paper & Forest Products | 0.0 | ** | ||||
Air Freight & Logistics | 0.0 | ** | ||||
Internet & Catalog Retail | 0.0 | ** | ||||
Professional Services | 0.0 | ** | ||||
Diversified Telecommunication Services | 0.0 | ** | ||||
Health Care Technology | 0.0 | ** | ||||
Life Sciences Tools & Services | 0.0 | ** | ||||
Textiles, Apparel & Luxury Goods | 0.0 | ** | ||||
Marine | 0.0 | ** | ||||
Biotechnology | 0.0 | ** | ||||
Multiline Retail | 0.0 | ** | ||||
Industrial Conglomerates | 0.0 | ** | ||||
Media | 0.0 | ** | ||||
Household Products | 0.0 | ** | ||||
Transportation Infrastructure | 0.0 | ** | ||||
Short Term Investments | 28.7 | |||||
Other Assets & Liabilities | (28.2 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less then 0.05% of net assets. |
113
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, 2013 is 0.45%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | −4.98% | −5.15% | −5.27% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −5.38% | −5.69% | −5.51% | −5.38% | −5.69% | −5.51% | ||||||||||||||||||
THREE YEARS | 8.37% | 8.18% | 8.42% | 2.72% | 2.66% | 2.73% | ||||||||||||||||||
SINCE INCEPTION (1) | 31.26% | 30.84% | 32.33% | 6.54% | 6.46% | 6.75% | ||||||||||||||||||
(1) | For the period September 16, 2009 to December 31, 2013. |
114
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
115
SPDR Wells Fargo Preferred Stock ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
PNC FINANCIAL SERVICES | METLIFE, INC. | JP MORGAN CHASE | BARCLAYS BANK | HSBC HOLDINGS | ||||||
DESCRIPTION | GROUP, INC. 6.13% | SERIES B 6.50% | CAPITAL XXIX 6.70% | PLC SERIES 5 8.13% | PLC 8.00% | |||||
MARKET VALUE | $5,527,579 | 5,450,983 | 5,037,186 | 4,961,053 | 4,791,387 | |||||
% OF NET ASSETS | 2.5 | 2.5 | 2.3 | 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.)
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Commercial Banks | 28.7 | % | ||||
Diversified Financial Services | 18.9 | |||||
Insurance | 18.7 | |||||
Real Estate Investment Trusts | 11.5 | |||||
Electric Utilities | 5.9 | |||||
Capital Markets | 5.3 | |||||
Diversified Telecommunication Services | 4.7 | |||||
Multi-Utilities | 2.2 | |||||
Machinery | 1.1 | |||||
Commercial Services & Supplies | 0.7 | |||||
Wireless Telecommunication Services | 0.5 | |||||
Consumer Finance | 0.5 | |||||
Independent Power Producers & Energy Traders | 0.4 | |||||
Media | 0.4 | |||||
Short Term Investments | 15.4 | |||||
Other Assets & Liabilities | (14.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
116
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AEROSPACE & DEFENSE — 2.6% | ||||||||
AAR Corp. | 1,074 | $ | 30,083 | |||||
Aerovironment, Inc. (a) | 488 | 14,215 | ||||||
Alliant Techsystems, Inc. | 878 | 106,835 | ||||||
American Science & Engineering, Inc. | 196 | 14,094 | ||||||
Astronics Corp. (a) | 468 | 23,868 | ||||||
BE Aerospace, Inc. (a) | 2,667 | 232,109 | ||||||
Cubic Corp. | 586 | 30,859 | ||||||
Curtiss-Wright Corp. | 1,268 | 78,908 | ||||||
DigitalGlobe, Inc. (a) | 2,048 | 84,275 | ||||||
Ducommun, Inc. (a) | 292 | 8,705 | ||||||
Engility Holdings, Inc. (a) | 462 | 15,431 | ||||||
Esterline Technologies Corp. (a) | 878 | 89,521 | ||||||
Exelis, Inc. | 5,111 | 97,416 | ||||||
GenCorp, Inc. (a)(b) | 1,658 | 29,877 | ||||||
General Dynamics Corp. | 8,100 | 773,955 | ||||||
HEICO Corp. (b) | 1,830 | 106,049 | ||||||
Hexcel Corp. (a) | 2,732 | 122,093 | ||||||
Honeywell International, Inc. | 21,565 | 1,970,394 | ||||||
Huntington Ingalls Industries, Inc. | 1,325 | 119,263 | ||||||
Kratos Defense & Security Solutions, Inc. (a)(b) | 1,170 | 8,986 | ||||||
L-3 Communications Holdings, Inc. | 2,486 | 265,654 | ||||||
LMI Aerospace, Inc. (a)(b) | 292 | 4,304 | ||||||
Lockheed Martin Corp. | 7,231 | 1,074,960 | ||||||
Moog, Inc. (Class A) (a) | 1,268 | 86,148 | ||||||
National Presto Industries, Inc. | 114 | 9,177 | ||||||
Northrop Grumman Corp. | 6,096 | 698,663 | ||||||
Orbital Sciences Corp. (a) | 1,658 | 38,631 | ||||||
Precision Castparts Corp. | 4,052 | 1,091,204 | ||||||
Raytheon Co. | 8,817 | 799,702 | ||||||
Rockwell Collins, Inc. (b) | 3,689 | 272,691 | ||||||
Spirit Aerosystems Holdings, Inc. (Class A) (a) | 3,220 | 109,738 | ||||||
Taser International, Inc. (a) | 1,366 | 21,692 | ||||||
Teledyne Technologies, Inc. (a) | 976 | 89,655 | ||||||
Textron, Inc. | 7,554 | 277,685 | ||||||
The Boeing Co. | 20,866 | 2,848,000 | ||||||
The Keyw Holding Corp. (a)(b) | 878 | 11,800 | ||||||
TransDigm Group, Inc. | 1,464 | 235,733 | ||||||
Triumph Group, Inc. | 1,366 | 103,912 | ||||||
United Technologies Corp. | 25,253 | 2,873,791 | ||||||
14,870,076 | ||||||||
AIR FREIGHT & LOGISTICS — 0.7% | ||||||||
Air Transport Services Group, Inc. (a) | 1,366 | 11,051 | ||||||
Atlas Air Worldwide Holdings, Inc. (a) | 682 | 28,064 | ||||||
C.H. Robinson Worldwide, Inc. (b) | 4,328 | 252,496 | ||||||
Echo Global Logistics, Inc. (a)(b) | 488 | 10,482 | ||||||
Expeditors International of Washington, Inc. | 5,654 | 250,190 | ||||||
FedEx Corp. | 8,655 | 1,244,329 | ||||||
Forward Air Corp. | 789 | 34,645 | ||||||
HUB Group, Inc. (Class A) (a) | 976 | 38,923 | ||||||
Pacer International, Inc. (a) | 976 | 8,062 | ||||||
Park-Ohio Holdings Corp. (a) | 196 | 10,270 | ||||||
United Parcel Service, Inc. (Class B) | 19,937 | 2,094,980 | ||||||
UTI Worldwide, Inc. | 2,468 | 43,338 | ||||||
XPO Logistics, Inc. (a)(b) | 1,488 | 39,120 | ||||||
4,065,950 | ||||||||
AIRLINES — 0.4% | ||||||||
Alaska Air Group, Inc. | 1,952 | 143,218 | ||||||
Allegiant Travel Co. | 390 | 41,122 | ||||||
American Airlines Group, Inc. (a)(b) | 6,084 | 153,621 | ||||||
Copa Holdings SA (Class A) | 978 | 156,587 | ||||||
Delta Air Lines, Inc. | 23,315 | 640,463 | ||||||
Hawaiian Holdings, Inc. (a)(b) | 1,366 | 13,155 | ||||||
JetBlue Airways Corp. (a)(b) | 6,314 | 53,985 | ||||||
Republic Airways Holdings, Inc. (a) | 1,318 | 14,089 | ||||||
SkyWest, Inc. | 1,366 | 20,258 | ||||||
Southwest Airlines Co. | 19,656 | 370,319 | ||||||
Spirit Airlines, Inc. (a) | 1,658 | 75,290 | ||||||
United Continental Holdings, Inc. (a) | 10,105 | 382,272 | ||||||
2,064,379 | ||||||||
AUTO COMPONENTS — 0.6% | ||||||||
Allison Transmission Holdings, Inc. | 976 | 26,947 | ||||||
American Axle & Manufacturing Holdings, Inc. (a)(b) | 1,868 | 38,201 | ||||||
BorgWarner, Inc. (b) | 6,330 | 353,910 | ||||||
Cooper Tire & Rubber Co. | 1,756 | 42,214 | ||||||
Dana Holding Corp. | 4,000 | 78,480 | ||||||
Delphi Automotive PLC | 8,488 | 510,383 | ||||||
Dorman Products, Inc. (a) | 682 | 38,240 | ||||||
Drew Industries, Inc. | 586 | 30,003 | ||||||
Fuel Systems Solutions, Inc. (a) | 390 | 5,409 | ||||||
Gentex Corp. | 3,883 | 128,100 | ||||||
Gentherm, Inc. (a) | 878 | 23,539 | ||||||
Johnson Controls, Inc. | 18,655 | 957,002 | ||||||
Lear Corp. (b) | 2,536 | 205,340 | ||||||
Modine Manufacturing Co. (a) | 1,285 | 16,474 | ||||||
Remy International, Inc. | 390 | 9,095 | ||||||
Spartan Motors, Inc. (b) | 976 | 6,539 | ||||||
Standard Motor Products, Inc. | 586 | 21,565 | ||||||
Stoneridge, Inc. (a) | 780 | 9,945 | ||||||
Superior Industries International, Inc. | 586 | 12,089 | ||||||
Tenneco, Inc. (a) | 1,658 | 93,793 | ||||||
The Goodyear Tire & Rubber Co. | 6,729 | 160,487 | ||||||
TRW Automotive Holdings Corp. (a) | 2,928 | 217,814 | ||||||
Visteon Corp. (a) | 1,366 | 111,862 | ||||||
3,097,431 | ||||||||
AUTOMOBILES — 0.6% | ||||||||
Ford Motor Co. | 106,005 | 1,635,657 | ||||||
General Motors Co. (a) | 22,636 | 925,133 | ||||||
Harley-Davidson, Inc. | 6,053 | 419,110 | ||||||
Tesla Motors, Inc. (a)(b) | 2,344 | 352,491 | ||||||
Thor Industries, Inc. | 1,175 | 64,895 | ||||||
Winnebago Industries, Inc. (a) | 780 | 21,411 | ||||||
3,418,697 | ||||||||
BEVERAGES — 1.8% | ||||||||
Beam, Inc. | 4,372 | 297,558 | ||||||
Boston Beer Co., Inc. (Class A) (a)(b) | 296 | 71,570 | ||||||
Brown-Forman Corp. (Class B) | 4,098 | 309,686 | ||||||
Coca-Cola Enterprises, Inc. | 7,453 | 328,901 | ||||||
Coca-Cola Hellenic Bottling Co. | 98 | 7,173 |
See accompanying notes to financial statements.
117
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Constellation Brands, Inc. (Class A) (a) | 4,178 | $ | 294,048 | |||||
Dr. Pepper Snapple Group, Inc. | 5,544 | 270,104 | ||||||
Molson Coors Brewing Co. (Class B) | 3,841 | 215,672 | ||||||
Monster Beverage Corp. (a) | 3,650 | 247,360 | ||||||
National Beverage Corp. (a) | 292 | 5,887 | ||||||
PepsiCo, Inc. | 42,357 | 3,513,089 | ||||||
The Coca-Cola Co. | 104,649 | 4,323,050 | ||||||
9,884,098 | ||||||||
BIOTECHNOLOGY — 2.5% | ||||||||
ACADIA Pharmaceuticals, Inc. (a) | 1,952 | 48,780 | ||||||
Achillion Pharmaceuticals, Inc. (a)(b) | 2,634 | 8,745 | ||||||
Acorda Therapeutics, Inc. (a) | 1,067 | 31,156 | ||||||
Aegerion Pharmaceuticals, Inc. (a) | 780 | 55,349 | ||||||
Alexion Pharmaceuticals, Inc. (a) | 5,294 | 704,420 | ||||||
Alkermes PLC (a) | 3,454 | 140,440 | ||||||
Alnylam Pharmaceuticals, Inc. (a)(b) | 1,600 | 102,928 | ||||||
AMAG Pharmaceuticals, Inc. (a) | 568 | 13,785 | ||||||
Amgen, Inc. | 20,637 | 2,355,920 | ||||||
Arena Pharmaceuticals, Inc. (a)(b) | 5,952 | 34,819 | ||||||
ARIAD Pharmaceuticals, Inc. (a)(b) | 5,074 | 34,605 | ||||||
Array BioPharma, Inc. (a)(b) | 3,220 | 16,132 | ||||||
Biogen Idec, Inc. (a) | 6,490 | 1,815,577 | ||||||
BioMarin Pharmaceutical, Inc. (a) | 3,736 | 262,529 | ||||||
Celgene Corp. (a) | 11,430 | 1,931,213 | ||||||
Celldex Therapeutics, Inc. (a)(b) | 2,244 | 54,327 | ||||||
Cepheid, Inc. (a)(b) | 1,854 | 86,619 | ||||||
Chelsea Therapeutics International, Ltd. (a)(b) | 1,850 | 8,195 | ||||||
ChemoCentryx, Inc. (a)(b) | 682 | 3,949 | ||||||
Chimerix, Inc. (a) | 196 | 2,962 | ||||||
Clovis Oncology, Inc. (a) | 390 | 23,505 | ||||||
Cubist Pharmaceuticals, Inc. (a) | 1,759 | 121,142 | ||||||
Curis, Inc. (a)(b) | 2,146 | 6,052 | ||||||
Cytokinetics, Inc. (a)(b) | 682 | 4,433 | ||||||
Dendreon Corp. (a)(b) | 4,309 | 12,884 | ||||||
Dyax Corp. (a)(b) | 2,928 | 22,048 | ||||||
Dynavax Technologies Corp. (a)(b) | 4,976 | 9,753 | ||||||
Emergent Biosolutions, Inc. (a) | 780 | 17,932 | ||||||
Exact Sciences Corp. (a)(b) | 1,756 | 20,528 | ||||||
Exelixis, Inc. (a)(b) | 4,976 | 30,503 | ||||||
Genomic Health, Inc. (a)(b) | 488 | 14,284 | ||||||
Geron Corp. (a)(b) | 3,512 | 16,647 | ||||||
Gilead Sciences, Inc. (a) | 41,814 | 3,142,322 | ||||||
Halozyme Therapeutics, Inc. (a)(b) | 2,440 | 36,576 | ||||||
Idenix Pharmaceuticals, Inc. (a)(b) | 2,732 | 16,337 | ||||||
ImmunoGen, Inc. (a)(b) | 2,342 | 34,357 | ||||||
Immunomedics, Inc. (a)(b) | 1,952 | 8,979 | ||||||
Incyte Corp. (a)(b) | 2,760 | 139,739 | ||||||
Infinity Pharmaceuticals, Inc. (a)(b) | 1,268 | 17,511 | ||||||
Insmed, Inc. (a)(b) | 780 | 13,268 | ||||||
Intercept Pharmaceuticals, Inc. (a)(b) | 196 | 13,383 | ||||||
InterMune, Inc. (a)(b) | 2,191 | 32,273 | ||||||
Ironwood Pharmaceuticals, Inc. (a)(b) | 2,536 | 29,443 | ||||||
Isis Pharmaceuticals, Inc. (a)(b) | 3,087 | 122,986 | ||||||
Keryx Biopharmaceuticals, Inc. (a)(b) | 2,244 | 29,060 | ||||||
KYTHERA Biopharmaceuticals, Inc. (a)(b) | 292 | 10,877 | ||||||
Lexicon Pharmaceuticals, Inc. (a)(b) | 6,146 | 11,063 | ||||||
Ligand Pharmaceuticals, Inc. (Class B) (a)(b) | 488 | 25,669 | ||||||
MannKind Corp. (a)(b) | 4,000 | 20,840 | ||||||
Medivation, Inc. (a) | 2,044 | 130,448 | ||||||
Merrimack Pharmaceuticals, Inc. (a)(b) | 2,440 | 13,030 | ||||||
MiMedx Group, Inc. (a)(b) | 2,244 | 19,613 | ||||||
Momenta Pharmaceuticals, Inc. (a) | 1,268 | �� | 22,418 | |||||
Myriad Genetics, Inc. (a)(b) | 2,173 | 45,589 | ||||||
Navidea Biopharmaceuticals, Inc. (a)(b) | 3,220 | 6,665 | ||||||
Neurocrine Biosciences, Inc. (a) | 1,860 | 17,372 | ||||||
NewLink Genetics Corp. (a)(b) | 488 | 10,741 | ||||||
Novavax, Inc. (a) | 3,676 | 18,821 | ||||||
NPS Pharmaceuticals, Inc. (a) | 2,732 | 82,943 | ||||||
Opko Health, Inc. (a)(b) | 6,502 | 54,877 | ||||||
Orexigen Therapeutics, Inc. (a)(b) | 2,536 | 14,278 | ||||||
PDL BioPharma, Inc. (b) | 3,795 | 32,030 | ||||||
Peregrine Pharmaceuticals, Inc. (a)(b) | 3,708 | 5,154 | ||||||
Pharmacyclics, Inc. (a) | 1,562 | 165,228 | ||||||
Portola Pharmaceuticals, Inc. (a) | 292 | 7,519 | ||||||
Progenics Pharmaceuticals, Inc. (a)(b) | 1,366 | 7,281 | ||||||
Puma Biotechnology, Inc. (a)(b) | 586 | 60,669 | ||||||
Raptor Pharmaceutical Corp. (a)(b) | 1,464 | 19,061 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 2,196 | 604,427 | ||||||
Repligen Corp. (a)(b) | 878 | 11,976 | ||||||
Rigel Pharmaceuticals, Inc. (a)(b) | 2,342 | 6,675 | ||||||
Sangamo Biosciences, Inc. (a)(b) | 1,464 | 20,335 | ||||||
Sarepta Therapeutics, Inc. (a)(b) | 857 | 17,457 | ||||||
Seattle Genetics, Inc. (a) | 2,732 | 108,979 | ||||||
SIGA Technologies, Inc. (a)(b) | 1,003 | 3,280 | ||||||
Spectrum Pharmaceuticals, Inc. (a)(b) | 1,607 | 14,222 | ||||||
Stemline Therapeutics, Inc. (a)(b) | 292 | 5,723 | ||||||
Synageva BioPharma Corp. (a)(b) | 488 | 31,583 | ||||||
Synergy Pharmaceuticals, Inc. (a) | 2,146 | 12,082 | ||||||
Synta Pharmaceuticals Corp. (a)(b) | 1,074 | 5,628 | ||||||
TESARO, Inc. (a) | 390 | 11,014 | ||||||
Theravance, Inc. (a)(b) | 2,552 | 90,979 | ||||||
Threshold Pharmaceuticals, Inc. (a)(b) | 1,268 | 5,922 | ||||||
United Therapeutics Corp. (a)(b) | 1,268 | 143,385 | ||||||
Vanda Pharmaceuticals, Inc. (a)(b) | 780 | 9,680 | ||||||
Verastem, Inc. (a)(b) | 390 | 4,446 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 6,524 | 484,733 | ||||||
Vical, Inc. (a) | 2,048 | 2,417 | ||||||
XOMA Corp. (a)(b) | 1,658 | 11,158 | ||||||
14,056,682 | ||||||||
BUILDING PRODUCTS — 0.2% | ||||||||
A.O. Smith Corp. | 2,146 | 115,755 | ||||||
AAON, Inc. | 780 | 24,921 | ||||||
Allegion PLC (a) | 2,698 | 119,225 | ||||||
American Woodmark Corp. (a) | 292 | 11,543 | ||||||
Apogee Enterprises, Inc. | 780 | 28,010 | ||||||
Armstrong World Industries, Inc. (a) | 780 | 44,936 | ||||||
Builders FirstSource, Inc. (a)(b) | 1,215 | 8,675 | ||||||
Fortune Brands Home & Security, Inc. | 4,470 | 204,279 | ||||||
Gibraltar Industries, Inc. (a) | 878 | 16,322 | ||||||
Griffon Corp. | 1,170 | 15,456 | ||||||
Insteel Industries, Inc. | 488 | 11,092 | ||||||
Lennox International, Inc. | 1,366 | 116,192 |
See accompanying notes to financial statements.
118
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Masco Corp. | 9,696 | $ | 220,778 | |||||
NCI Building Systems, Inc. (a) | 586 | 10,278 | ||||||
Nortek, Inc. (a) | 292 | 21,783 | ||||||
Owens Corning (a) | 3,220 | 131,118 | ||||||
PGT, Inc. (a) | 878 | 8,885 | ||||||
Ply Gem Holdings, Inc. (a)(b) | 390 | 7,032 | ||||||
Quanex Building Products Corp. | 962 | 19,163 | ||||||
Simpson Manufacturing Co., Inc. | 1,109 | 40,734 | ||||||
Trex Co., Inc. (a) | 488 | 38,811 | ||||||
Universal Forest Products, Inc. | 586 | 30,554 | ||||||
USG Corp. (a)(b) | 2,129 | 60,421 | ||||||
1,305,963 | ||||||||
CAPITAL MARKETS — 2.3% | ||||||||
Affiliated Managers Group, Inc. (a) | 1,478 | 320,549 | ||||||
Ameriprise Financial, Inc. | 5,508 | 633,695 | ||||||
Arlington Asset Investment Corp. (Class A) (b) | 390 | 10,292 | ||||||
Artisan Partners Asset Management, Inc. | 390 | 25,424 | ||||||
BGC Partners, Inc. (Class A) | 3,414 | 20,689 | ||||||
BlackRock, Inc. | 3,604 | 1,140,558 | ||||||
Calamos Asset Management, Inc. (Class A) | 586 | 6,938 | ||||||
Cohen & Steers, Inc. (b) | 488 | 19,549 | ||||||
Cowen Group, Inc. (Class A) (a) | 2,634 | 10,299 | ||||||
Diamond Hill Investment Group, Inc. | 42 | 4,970 | ||||||
E*TRADE Financial Corp. (a) | 7,805 | 153,290 | ||||||
Eaton Vance Corp. | 3,242 | 138,725 | ||||||
Evercore Partners, Inc. (Class A) | 878 | 52,487 | ||||||
FBR & Co. (a) | 196 | 5,171 | ||||||
Federated Investors, Inc. (Class B) (b) | 2,478 | 71,366 | ||||||
Financial Engines, Inc. | 1,366 | 94,910 | ||||||
Franklin Resources, Inc. | 11,195 | 646,287 | ||||||
FXCM, Inc. (Class A) (b) | 976 | 17,412 | ||||||
GAMCO Investors, Inc. (Class A) | 196 | 17,046 | ||||||
GFI Group, Inc. | 1,854 | 7,249 | ||||||
Greenhill & Co., Inc. (b) | 780 | 45,193 | ||||||
HFF, Inc. (Class A) (a) | 878 | 23,574 | ||||||
ICG Group, Inc. (a) | 1,074 | 20,009 | ||||||
Intl. FCStone, Inc. (a)(b) | 430 | 7,972 | ||||||
Invesco, Ltd. | 12,104 | 440,586 | ||||||
Investment Technology Group, Inc. (a) | 976 | 20,067 | ||||||
Janus Capital Group, Inc. (b) | 4,085 | 50,531 | ||||||
KCG Holdings, Inc. (Class A) (a)(b) | 1,977 | 23,645 | ||||||
Ladenburg Thalmann Financial Services, Inc. (a)(b) | 2,830 | 8,858 | ||||||
Lazard, Ltd. (Class A) | 3,512 | 159,164 | ||||||
Legg Mason, Inc. (b) | 3,016 | 131,136 | ||||||
LPL Investment Holdings, Inc. | 1,562 | 73,461 | ||||||
Manning & Napier, Inc. | 390 | 6,884 | ||||||
Morgan Stanley | 41,436 | 1,299,433 | ||||||
Northern Trust Corp. | 6,541 | 404,823 | ||||||
Piper Jaffray Co., Inc. (a) | 488 | 19,300 | ||||||
Raymond James Financial, Inc. | 3,284 | 171,392 | ||||||
Safeguard Scientifics, Inc. (a)(b) | 586 | 11,773 | ||||||
SEI Investments Co. | 3,929 | 136,454 | ||||||
State Street Corp. (c) | 12,670 | 929,851 | ||||||
Stifel Financial Corp. (a) | 1,777 | 85,154 | ||||||
T. Rowe Price Group, Inc. | 7,072 | 592,421 | ||||||
TD Ameritrade Holding Corp. | 6,354 | 194,687 | ||||||
The Bank of New York Mellon Corp. | 32,130 | 1,122,622 | ||||||
The Charles Schwab Corp. | 29,846 | 775,996 | ||||||
The Goldman Sachs Group, Inc. | 12,544 | 2,223,549 | ||||||
Virtus Investment Partners, Inc. (a) | 196 | 39,210 | ||||||
Waddell & Reed Financial, Inc. (Class A) | 2,292 | 149,255 | ||||||
Walter Investment Management Corp. (a) | 999 | 35,325 | ||||||
Westwood Holdings Group, Inc. | 196 | 12,134 | ||||||
WisdomTree Investments, Inc. (a) | 2,732 | 48,384 | ||||||
12,659,749 | ||||||||
CHEMICALS — 2.4% | ||||||||
A. Schulman, Inc. | 780 | 27,503 | ||||||
Advanced Emissions Solutions, Inc. (a) | 292 | 15,835 | ||||||
Air Products & Chemicals, Inc. | 5,647 | 631,222 | ||||||
Airgas, Inc. | 1,753 | 196,073 | ||||||
Albemarle Corp. | 2,342 | 148,459 | ||||||
American Vanguard Corp. | 780 | 18,946 | ||||||
Ashland, Inc. | 2,184 | 211,935 | ||||||
Axiall Corp. | 1,854 | 87,954 | ||||||
Balchem Corp. | 780 | 45,786 | ||||||
Cabot Corp. | 1,734 | 89,128 | ||||||
Calgon Carbon Corp. (a) | 1,443 | 29,683 | ||||||
Celanese Corp. (Series A) | 4,330 | 239,492 | ||||||
CF Industries Holdings, Inc. | 1,610 | 375,194 | ||||||
Chemtura Corp. (a) | 2,634 | 73,541 | ||||||
Cytec Industries, Inc. | 1,170 | 108,997 | ||||||
E. I. du Pont de Nemours & Co. | 25,305 | 1,644,066 | ||||||
Eastman Chemical Co. | 4,205 | 339,344 | ||||||
Ecolab, Inc. | 7,155 | 746,052 | ||||||
Ferro Corp. (a) | 1,952 | 25,044 | ||||||
Flotek Industries, Inc. (a)(b) | 1,268 | 25,449 | ||||||
FMC Corp. | 3,728 | 281,315 | ||||||
FutureFuel Corp. (b) | 586 | 9,259 | ||||||
H.B. Fuller Co. | 1,366 | 71,087 | ||||||
Hawkins, Inc. | 292 | 10,859 | ||||||
Huntsman Corp. | 5,268 | 129,593 | ||||||
Innophos Holdings, Inc. | 586 | 28,480 | ||||||
Innospec, Inc. | 682 | 31,522 | ||||||
International Flavors & Fragrances, Inc. | 2,244 | 192,939 | ||||||
Intrepid Potash, Inc. (a)(b) | 1,464 | 23,190 | ||||||
Koppers Holdings, Inc. | 586 | 26,810 | ||||||
Kraton Performance Polymers, Inc. (a) | 878 | 20,238 | ||||||
Kronos Worldwide, Inc. | 586 | 11,163 | ||||||
Landec Corp. (a) | 682 | 8,266 | ||||||
LSB Industries, Inc. (a) | 488 | 20,018 | ||||||
LyondellBasell Industries NV | 11,082 | 889,663 | ||||||
Minerals Technologies, Inc. | 976 | 58,628 | ||||||
Monsanto Co. | 14,716 | 1,715,150 | ||||||
NewMarket Corp. (b) | 292 | 97,572 | ||||||
Olin Corp. (b) | 2,146 | 61,912 | ||||||
OM Group, Inc. (a) | 878 | 31,968 | ||||||
Omnova Solutions, Inc. (a) | 1,268 | 11,551 | ||||||
PolyOne Corp. | 2,732 | 96,576 | ||||||
Praxair, Inc. | 8,077 | 1,050,252 | ||||||
Quaker Chemical Corp. | 390 | 30,057 | ||||||
Rockwood Holdings, Inc. | 2,146 | 154,340 |
See accompanying notes to financial statements.
119
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
RPM International, Inc. | 3,610 | $ | 149,851 | |||||
Sensient Technologies Corp. | 1,366 | 66,278 | ||||||
Sigma-Aldrich Corp. | 3,280 | 308,353 | ||||||
Stepan Co. | 548 | 35,965 | ||||||
Taminco Corp. (a) | 390 | 7,882 | ||||||
The Dow Chemical Co. | 33,397 | 1,482,827 | ||||||
The Mosaic Co. | 8,144 | 384,967 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 1,170 | 72,797 | ||||||
The Sherwin-Williams Co. | 2,447 | 449,024 | ||||||
Tredegar Corp. | 682 | 19,648 | ||||||
Valspar Corp. | 2,440 | 173,948 | ||||||
W.R. Grace & Co. (a) | 2,048 | 202,486 | ||||||
Westlake Chemical Corp. | 586 | 71,533 | ||||||
Zep, Inc. | 586 | 10,642 | ||||||
Zoltek Cos., Inc. (a) | 780 | 13,065 | ||||||
13,591,377 | ||||||||
COMMERCIAL BANKS — 3.2% | ||||||||
1st Source Corp. | 390 | 12,457 | ||||||
1st United Bancorp, Inc. | 780 | 5,936 | ||||||
Ameris Bancorp (a) | 682 | 14,397 | ||||||
Ames National Corp. | 292 | 6,538 | ||||||
Associated Banc-Corp. | 4,586 | 79,796 | ||||||
Bancfirst Corp. | 196 | 10,988 | ||||||
Banco Latinoamericano de Comercio Exterior SA | 780 | 21,856 | ||||||
Bancorp, Inc. (a) | 878 | 15,725 | ||||||
BancorpSouth, Inc. (b) | 2,634 | 66,956 | ||||||
Bank of Hawaii Corp. | 1,251 | 73,984 | ||||||
Bank of Marin Bancorp (b) | 196 | 8,504 | ||||||
Bank of the Ozarks, Inc. (b) | 878 | 49,686 | ||||||
BankUnited, Inc. | 1,756 | 57,807 | ||||||
Banner Corp. | 497 | 22,276 | ||||||
BB&T Corp. | 19,078 | 711,991 | ||||||
BBCN Bancorp, Inc. | 2,139 | 35,486 | ||||||
BNC Bancorp | 488 | 8,364 | ||||||
BOK Financial Corp. | 682 | 45,230 | ||||||
Boston Private Financial Holdings, Inc. | 2,146 | 27,082 | ||||||
Bridge Bancorp, Inc. | 292 | 7,592 | ||||||
Bryn Mawr Bank Corp. | 390 | 11,770 | ||||||
Camden National Corp. | 196 | 8,275 | ||||||
Capital Bank Financial Corp. (Class A) (a) | 682 | 15,515 | ||||||
CapitalSource, Inc. | 5,314 | 76,362 | ||||||
Cardinal Financial Corp. | 780 | 14,040 | ||||||
Cathay General Bancorp | 2,016 | 53,888 | ||||||
Centerstate Banks, Inc. | 801 | 8,130 | ||||||
Central Pacific Financial Corp. | 586 | 11,767 | ||||||
Chemical Financial Corp. (b) | 780 | 24,703 | ||||||
CIT Group, Inc. | 5,485 | 285,933 | ||||||
Citizens & Northern Corp. | 292 | 6,024 | ||||||
City Holding Co. (b) | 390 | 18,069 | ||||||
City National Corp. | 1,268 | 100,451 | ||||||
CNB Financial Corp. | 292 | 5,548 | ||||||
CoBiz Financial, Inc. | 976 | 11,673 | ||||||
Columbia Banking System, Inc. | 1,405 | 38,652 | ||||||
Comerica, Inc. | 5,031 | 239,174 | ||||||
Commerce Bancshares, Inc. | 2,150 | 96,556 | ||||||
Community Bank System, Inc. (b) | 1,074 | 42,616 | ||||||
Community Trust Bancorp, Inc. | 390 | 17,612 | ||||||
Cullen/Frost Bankers, Inc. (b) | 1,464 | 108,965 | ||||||
Customers Bancorp, Inc. (a) | 586 | 11,990 | ||||||
CVB Financial Corp. (b) | 2,545 | 43,443 | ||||||
Eagle Bancorp, Inc. (a) | 586 | 17,949 | ||||||
East West Bancorp, Inc. | 4,160 | 145,475 | ||||||
Enterprise Financial Services Corp. | 488 | 9,965 | ||||||
F.N.B. Corp. (b) | 3,932 | 49,622 | ||||||
Fifth Third Bancorp | 23,771 | 499,904 | ||||||
Financial Institutions, Inc. | 390 | 9,637 | ||||||
First Bancorp | 534 | 8,875 | ||||||
First BanCorp- Puerto Rico (a) | 1,952 | 12,083 | ||||||
First Busey Corp. | 1,952 | 11,322 | ||||||
First Citizens BancShares, Inc. (Class A) | 196 | 43,635 | ||||||
First Commonwealth Financial Corp. | 2,682 | 23,655 | ||||||
First Community Bancshares, Inc. | 488 | 8,150 | ||||||
First Connecticut Bancorp, Inc. | 488 | 7,867 | ||||||
First Financial Bancorp (b) | 1,602 | 27,923 | ||||||
First Financial Bankshares, Inc. (b) | 878 | 58,229 | ||||||
First Financial Corp. | 292 | 10,675 | ||||||
First Financial Holdings, Inc. | 693 | 46,091 | ||||||
First Horizon National Corp. (b) | 6,564 | 76,471 | ||||||
First Interstate Bancsystem, Inc. | 488 | 13,845 | ||||||
First Merchants Corp. | 815 | 18,549 | ||||||
First Midwest Bancorp, Inc. | 2,048 | 35,901 | ||||||
First Niagara Financial Group, Inc. | 9,614 | 102,101 | ||||||
First Republic Bank | 3,122 | 163,437 | ||||||
FirstMerit Corp. | 4,488 | 99,768 | ||||||
Flushing Financial Corp. | 878 | 18,175 | ||||||
Fulton Financial Corp. | 5,268 | 68,905 | ||||||
German American Bancorp, Inc. | 390 | 11,115 | ||||||
Glacier Bancorp, Inc. (b) | 1,952 | 58,150 | ||||||
Great Southern Bancorp, Inc. | 292 | 8,880 | ||||||
Hancock Holding Co. | 2,342 | 85,905 | ||||||
Hanmi Financial Corp. | 878 | 19,219 | ||||||
Heartland Financial USA, Inc. | 390 | 11,228 | ||||||
Heritage Financial Corp. (b) | 390 | 6,673 | ||||||
Home Bancshares, Inc. (b) | 1,268 | 47,360 | ||||||
HomeTrust Bancshares, Inc. (a)(b) | 586 | 9,370 | ||||||
Hudson Valley Holding Corp. | 488 | 9,931 | ||||||
Huntington Bancshares, Inc. | 22,782 | 219,846 | ||||||
IBERIABANK Corp. | 780 | 49,023 | ||||||
Independent Bank Corp.-Massachusetts | 595 | 23,318 | ||||||
International Bancshares Corp. | 1,413 | 37,289 | ||||||
Investors Bancorp, Inc. | 1,268 | 32,435 | ||||||
KeyCorp | 25,022 | 335,795 | ||||||
Lakeland Bancorp, Inc. | 780 | 9,649 | ||||||
M&T Bank Corp. | 3,526 | 410,497 | ||||||
MainSource Financial Group, Inc. | 586 | 10,566 | ||||||
MB Financial, Inc. | 1,504 | 48,263 | ||||||
Metro Bancorp, Inc. (a) | 390 | 8,401 | ||||||
National Bankshares, Inc. | 196 | 7,230 | ||||||
National Penn Bancshares, Inc. | 3,157 | 35,769 | ||||||
NBT Bancorp, Inc. | 1,170 | 30,303 | ||||||
OFG Bancorp | 1,268 | 21,987 | ||||||
Old National Bancorp | 2,739 | 42,098 | ||||||
OmniAmerican Bancorp, Inc. (a) | 292 | 6,243 | ||||||
Pacific Continental Corp. | 488 | 7,779 | ||||||
PacWest Bancorp (b) | 1,062 | 44,838 |
See accompanying notes to financial statements.
120
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Park National Corp. | 292 | $ | 24,840 | |||||
Park Sterling Corp. | 1,170 | 8,354 | ||||||
Peoples Bancorp, Inc. | 292 | 6,573 | ||||||
Pinnacle Financial Partners, Inc. | 976 | 31,749 | ||||||
PNC Financial Services Group, Inc. | 14,409 | 1,117,850 | ||||||
Popular, Inc. (a) | 2,839 | 81,564 | ||||||
Preferred Bank (a) | 292 | 5,855 | ||||||
PrivateBancorp, Inc. | 1,756 | 50,801 | ||||||
Prosperity Bancshares, Inc. (b) | 1,658 | 105,101 | ||||||
Regions Financial Corp. | 38,422 | 379,994 | ||||||
Renasant Corp. | 1,300 | 40,898 | ||||||
Republic Bancorp, Inc. (Class A) | 292 | 7,166 | ||||||
S&T Bancorp, Inc. (b) | 780 | 19,742 | ||||||
S.Y. Bancorp, Inc. | 390 | 12,449 | ||||||
Sandy Spring Bancorp, Inc. | 654 | 18,436 | ||||||
Signature Bank (a) | 1,268 | 136,209 | ||||||
Simmons First National Corp. | 440 | 16,346 | ||||||
Southside Bancshares, Inc. | 488 | 13,342 | ||||||
Southwest Bancorp, Inc. (a) | 488 | 7,769 | ||||||
State Bank Financial Corp. | 878 | 15,971 | ||||||
Sterling Bancorp | 2,278 | 30,457 | ||||||
Sterling Financial Corp. | 878 | 29,922 | ||||||
Suffolk Bancorp (a) | 292 | 6,074 | ||||||
SunTrust Banks, Inc. | 14,669 | 539,966 | ||||||
Susquehanna Bancshares, Inc. | 5,038 | 64,688 | ||||||
SVB Financial Group (a) | 1,268 | 132,962 | ||||||
Synovus Financial Corp. | 27,862 | 100,303 | ||||||
Taylor Capital Group, Inc. (a) | 488 | 12,971 | ||||||
TCF Financial Corp. | 4,488 | 72,930 | ||||||
Texas Capital Bancshares, Inc. (a) | 1,074 | 66,803 | ||||||
The First of Long Island Corp. (b) | 196 | 8,402 | ||||||
The National Bank Holdings Corp. (Class A) | 1,464 | 31,330 | ||||||
Tompkins Financial Corp. | 390 | 20,042 | ||||||
TowneBank (b) | 682 | 10,496 | ||||||
Trico Bancshares | 390 | 11,064 | ||||||
Trustmark Corp. | 1,863 | 50,003 | ||||||
U.S. Bancorp | 50,937 | 2,057,855 | ||||||
UMB Financial Corp. (b) | 1,178 | 75,722 | ||||||
Umpqua Holdings Corp. (b) | 3,043 | 58,243 | ||||||
Union First Market Bankshares Corp. | 586 | 14,539 | ||||||
United Bankshares, Inc. (b) | 1,323 | 41,608 | ||||||
United Community Banks, Inc. (a) | 1,216 | 21,584 | ||||||
Univest Corp. of Pennsylvania | 488 | 10,092 | ||||||
Valley National Bancorp (b) | 5,464 | 55,296 | ||||||
ViewPoint Financial Group | 1,074 | 29,481 | ||||||
Virginia Commerce Bancorp, Inc. (a) | 780 | 13,252 | ||||||
Washington Banking Co. | 390 | 6,915 | ||||||
Washington Trust Bancorp, Inc. | 390 | 14,516 | ||||||
Webster Financial Corp. | 2,440 | 76,079 | ||||||
Wells Fargo & Co. | 131,950 | 5,990,530 | ||||||
WesBanco, Inc. | 682 | 21,824 | ||||||
West Bancorporation, Inc. | 390 | 6,170 | ||||||
Westamerica Bancorporation (b) | 780 | 44,039 | ||||||
Western Alliance Bancorp (a) | 2,059 | 49,128 | ||||||
Wilshire Bancorp, Inc. | 1,710 | 18,690 | ||||||
Wintrust Financial Corp. | 976 | 45,013 | ||||||
Yadkin Financial Corp. (a) | 390 | 6,646 | ||||||
Zions Bancorporation | 5,041 | 151,028 | ||||||
17,868,848 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.6% | ||||||||
ABM Industries, Inc. | 1,464 | 41,856 | ||||||
ACCO Brands Corp. (a)(b) | 3,076 | 20,671 | ||||||
Avery Dennison Corp. | 2,722 | 136,617 | ||||||
Ceco Environmental Corp. | 422 | 6,824 | ||||||
Cintas Corp. (b) | 2,834 | 168,878 | ||||||
Clean Harbors, Inc. (a)(b) | 1,658 | 99,414 | ||||||
Consolidated Graphics, Inc. (a) | 196 | 13,218 | ||||||
Copart, Inc. (a) | 3,024 | 110,830 | ||||||
Courier Corp. | 313 | 5,662 | ||||||
Covanta Holding Corp. | 2,920 | 51,830 | ||||||
Deluxe Corp. | 1,366 | 71,292 | ||||||
EnerNOC, Inc. (a) | 682 | 11,737 | ||||||
Ennis, Inc. | 745 | 13,186 | ||||||
G & K Services, Inc. (Class A) | 488 | 30,368 | ||||||
Healthcare Services Group, Inc. (b) | 1,854 | 52,598 | ||||||
Herman Miller, Inc. | 1,567 | 46,258 | ||||||
HNI Corp. | 1,268 | 49,236 | ||||||
Innerworkings, Inc. (a)(b) | 1,170 | 9,114 | ||||||
Interface, Inc. | 1,658 | 36,410 | ||||||
Iron Mountain, Inc. | 4,647 | 141,036 | ||||||
KAR Auction Services, Inc. | 2,048 | 60,518 | ||||||
Knoll, Inc. | 1,268 | 23,217 | ||||||
McGrath Rentcorp | 682 | 27,144 | ||||||
Mine Safety Appliances Co. | 780 | 39,944 | ||||||
Mobile Mini, Inc. (a) | 1,074 | 44,227 | ||||||
Multi-Color Corp. | 292 | 11,020 | ||||||
Performant Financial Corp. (a) | 586 | 6,036 | ||||||
Pitney Bowes, Inc. (b) | 5,519 | 128,593 | ||||||
Quad Graphics, Inc. | 682 | 18,571 | ||||||
R.R. Donnelley & Sons Co. | 4,924 | 99,859 | ||||||
Republic Services, Inc. | 7,357 | 244,252 | ||||||
Rollins, Inc. | 1,756 | 53,189 | ||||||
Schawk, Inc. | 390 | 5,799 | ||||||
SP Plus Corp. (a) | 390 | 10,156 | ||||||
Steelcase, Inc. (Class A) | 2,342 | 37,144 | ||||||
Stericycle, Inc. (a) | 2,380 | 276,485 | ||||||
Team, Inc. (a) | 586 | 24,811 | ||||||
Tetra Tech, Inc. (a) | 1,756 | 49,133 | ||||||
The ADT Corp. (b) | 5,986 | 242,253 | ||||||
The Brink’s Co. | 1,268 | 43,290 | ||||||
The Geo Group, Inc. | 1,952 | 62,893 | ||||||
UniFirst Corp. | 390 | 41,730 | ||||||
United Stationers, Inc. | 1,074 | 49,286 | ||||||
US Ecology, Inc. | 488 | 18,149 | ||||||
Viad Corp. | 586 | 16,279 | ||||||
Waste Connections, Inc. (b) | 3,362 | 146,684 | ||||||
Waste Management, Inc. | 12,710 | 570,298 | ||||||
West Corp. | 586 | 15,066 | ||||||
3,483,061 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.6% | ||||||||
ADTRAN, Inc. (b) | 1,658 | 44,783 | ||||||
Anaren, Inc. (a) | 292 | 8,173 | ||||||
Arris Group, Inc. (a) | 3,180 | 77,481 | ||||||
Aruba Networks, Inc. (a)(b) | 3,122 | 55,884 | ||||||
Black Box Corp. | 390 | 11,622 |
See accompanying notes to financial statements.
121
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Brocade Communications Systems, Inc. (a) | 12,036 | $ | 106,759 | |||||
CalAmp Corp. (a) | 976 | 27,299 | ||||||
Calix, Inc. (a) | 1,074 | 10,353 | ||||||
Ciena Corp. (a)(b) | 2,806 | 67,148 | ||||||
Cisco Systems, Inc. | 146,219 | 3,282,616 | ||||||
CommScope Holding Co., Inc. (a) | 1,100 | 20,812 | ||||||
Comtech Telecommunications Corp. | 497 | 15,665 | ||||||
Digi International, Inc. (a) | 682 | 8,266 | ||||||
EchoStar Corp. (Class A) (a) | 1,099 | 54,642 | ||||||
Emulex Corp. (a)(b) | 2,519 | 18,036 | ||||||
Extreme Networks, Inc. (a) | 2,536 | 17,752 | ||||||
F5 Networks, Inc. (a) | 2,141 | 194,531 | ||||||
Finisar Corp. (a) | 2,554 | 61,092 | ||||||
Harmonic, Inc. (a) | 3,050 | 22,509 | ||||||
Harris Corp. | 3,003 | 209,639 | ||||||
Infinera Corp. (a)(b) | 3,122 | 30,533 | ||||||
InterDigital, Inc. | 1,124 | 33,147 | ||||||
Ixia (a) | 1,562 | 20,790 | ||||||
JDS Uniphase Corp. (a) | 6,320 | 82,034 | ||||||
Juniper Networks, Inc. (a) | 13,810 | 311,692 | ||||||
KVH Industries, Inc. (a) | 390 | 5,082 | ||||||
Motorola Solutions, Inc. | 6,628 | 447,390 | ||||||
Netgear, Inc. (a)(b) | 1,074 | 35,377 | ||||||
Oplink Communications, Inc. (a) | 488 | 9,077 | ||||||
Palo Alto Networks, Inc. (a) | 878 | 50,459 | ||||||
Parkervision, Inc. (a)(b) | 2,440 | 11,102 | ||||||
Plantronics, Inc. | 1,155 | 53,650 | ||||||
Polycom, Inc. (a)(b) | 4,658 | 52,309 | ||||||
Procera Networks, Inc. (a)(b) | 586 | 8,802 | ||||||
QUALCOMM, Inc. | 47,347 | 3,515,515 | ||||||
Riverbed Technology, Inc. (a)(b) | 4,438 | 80,239 | ||||||
Ruckus Wireless, Inc. (a)(b) | 1,170 | 16,614 | ||||||
ShoreTel, Inc. (a) | 1,562 | 14,495 | ||||||
Sonus Networks, Inc. (a) | 5,854 | 18,440 | ||||||
Ubiquiti Networks, Inc. (a)(b) | 390 | 17,924 | ||||||
ViaSat, Inc. (a) | 1,074 | 67,286 | ||||||
9,197,019 | ||||||||
COMPUTERS & PERIPHERALS — 3.5% | ||||||||
3D Systems Corp. (a)(b) | 2,732 | 253,885 | ||||||
Apple, Inc. | 25,644 | 14,389,105 | ||||||
Avid Technology, Inc. (a) | 855 | 6,968 | ||||||
Cray, Inc. (a)(b) | 1,074 | 29,492 | ||||||
Diebold, Inc. (b) | 1,756 | 57,966 | ||||||
Electronics for Imaging, Inc. (a) | 1,268 | 49,110 | ||||||
EMC Corp. | 57,741 | 1,452,186 | ||||||
Fusion-io, Inc. (a)(b) | 2,048 | 18,248 | ||||||
Hewlett-Packard Co. | 53,463 | 1,495,895 | ||||||
Immersion Corp. (a) | 780 | 8,096 | ||||||
Lexmark International, Inc. (Class A) | 1,695 | 60,206 | ||||||
NCR Corp. (a) | 4,467 | 152,146 | ||||||
NetApp, Inc. | 9,827 | 404,283 | ||||||
QLogic Corp. (a) | 2,394 | 28,321 | ||||||
Quantum Corp. (a)(b) | 5,756 | 6,907 | ||||||
SanDisk Corp. | 6,188 | 436,501 | ||||||
Silicon Graphics International Corp. (a)(b) | 878 | 11,774 | ||||||
Stratasys, Ltd. (a) | 878 | 118,267 | ||||||
Super Micro Computer, Inc. (a) | 878 | 15,066 | ||||||
Western Digital Corp. | 5,708 | 478,901 | ||||||
19,473,323 | ||||||||
CONSTRUCTION & ENGINEERING — 0.3% | ||||||||
Aecom Technology Corp. (a) | 2,829 | 83,257 | ||||||
Aegion Corp. (a) | 1,074 | 23,510 | ||||||
Argan, Inc. | 390 | 10,748 | ||||||
Chicago Bridge & Iron Co. NV | 2,732 | 227,138 | ||||||
Comfort Systems USA, Inc. | 976 | 18,925 | ||||||
Dycom Industries, Inc. (a) | 878 | 24,400 | ||||||
EMCOR Group, Inc. | 1,874 | 79,532 | ||||||
Fluor Corp. | 4,428 | 355,524 | ||||||
Furmanite Corp. (a) | 976 | 10,365 | ||||||
Granite Construction, Inc. (b) | 1,074 | 37,568 | ||||||
Great Lakes Dredge & Dock Corp. (a) | 1,658 | 15,254 | ||||||
Jacobs Engineering Group, Inc. (a) | 3,536 | 222,733 | ||||||
KBR, Inc. (b) | 3,976 | 126,795 | ||||||
Layne Christensen Co. (a)(b) | 586 | 10,009 | ||||||
Mastec, Inc. (a)(b) | 1,658 | 54,250 | ||||||
MYR Group, Inc. (a) | 586 | 14,697 | ||||||
Northwest Pipe Co. (a) | 292 | 11,026 | ||||||
Orion Marine Group, Inc. (a) | 780 | 9,383 | ||||||
Pike Corp. (a) | 682 | 7,209 | ||||||
Primoris Services Corp. | 976 | 30,383 | ||||||
Quanta Services, Inc. (a) | 5,639 | 177,967 | ||||||
Tutor Perini Corp. (a) | 976 | 25,669 | ||||||
URS Corp. | 2,085 | 110,484 | ||||||
1,686,826 | ||||||||
CONSTRUCTION MATERIALS — 0.1% | ||||||||
Eagle Materials, Inc. | 1,386 | 107,318 | ||||||
Headwaters, Inc. (a)(b) | 1,952 | 19,110 | ||||||
Martin Marietta Materials, Inc. | 1,412 | 141,115 | ||||||
Texas Industries, Inc. (a) | 586 | 40,305 | ||||||
US Concrete, Inc. (a) | 390 | 8,826 | ||||||
Vulcan Materials Co. | 3,562 | 211,654 | ||||||
528,328 | ||||||||
CONSUMER FINANCE — 0.9% | ||||||||
American Express Co. | 26,090 | 2,367,146 | ||||||
Capital One Financial Corp. | 15,913 | 1,219,095 | ||||||
Cash America International, Inc. (b) | 780 | 29,874 | ||||||
Credit Acceptance Corp. (a) | 196 | 25,478 | ||||||
DFC Global Corp. (a) | 1,074 | 12,297 | ||||||
Discover Financial Services | 13,319 | 745,198 | ||||||
Encore Capital Group, Inc. (a)(b) | 682 | 34,277 | ||||||
Ezcorp, Inc. (Class A) (a) | 1,366 | 15,969 | ||||||
First Cash Financial Services, Inc. (a) | 780 | 48,235 | ||||||
Green Dot Corp. (Class A) (a)(b) | 682 | 17,152 | ||||||
Nelnet, Inc. (Class A) | 586 | 24,694 | ||||||
Portfolio Recovery Associates, Inc. (a) | 1,464 | 77,358 | ||||||
SLM Corp. | 12,125 | 318,645 | ||||||
World Acceptance Corp. (a)(b) | 292 | 25,559 | ||||||
4,960,977 | ||||||||
CONTAINERS & PACKAGING — 0.3% | ||||||||
AEP Industries, Inc. (a) | 98 | 5,177 | ||||||
AptarGroup, Inc. | 1,854 | 125,720 | ||||||
Ball Corp. | 4,000 | 206,640 | ||||||
Bemis Co., Inc. | 2,830 | 115,917 | ||||||
Berry Plastics Group, Inc. (a) | 1,464 | 34,829 |
See accompanying notes to financial statements.
122
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Crown Holdings, Inc. (a) | 3,945 | $ | 175,829 | |||||
Graphic Packaging Holding Co. (a) | 5,756 | 55,258 | ||||||
Greif, Inc. (Class A) | 878 | 46,007 | ||||||
MeadWestvaco Corp. | 4,773 | 176,267 | ||||||
Myers Industries, Inc. | 780 | 16,474 | ||||||
Owens-Illinois, Inc. (a) | 4,494 | 160,795 | ||||||
Packaging Corp. of America | 2,634 | 166,679 | ||||||
Rock-Tenn Co. (Class A) | 1,952 | 204,979 | ||||||
Sealed Air Corp. | 5,323 | 181,248 | ||||||
Silgan Holdings, Inc. | 1,170 | 56,183 | ||||||
Sonoco Products Co. | 2,732 | 113,979 | ||||||
1,841,981 | ||||||||
DISTRIBUTORS — 0.1% | ||||||||
Core-Mark Holding Co., Inc. | 292 | 22,171 | ||||||
Genuine Parts Co. | 4,230 | 351,894 | ||||||
LKQ Corp. (a) | 8,142 | 267,872 | ||||||
Pool Corp. | 1,242 | 72,210 | ||||||
VOXX International Corp. (a) | 488 | 8,150 | ||||||
722,297 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.2% | ||||||||
American Public Education, Inc. (a)(b) | 488 | 21,213 | ||||||
Apollo Education Group, Inc. (a) | 2,619 | 71,551 | ||||||
Ascent Capital Group Inc (Class A) (a)(b) | 396 | 33,882 | ||||||
Bridgepoint Education, Inc. (a)(b) | 488 | 8,642 | ||||||
Bright Horizons Family Solutions, Inc. (a) | 292 | 10,728 | ||||||
Capella Education Co. (b) | 332 | 22,058 | ||||||
Career Education Corp. (a) | 1,471 | 8,385 | ||||||
Carriage Services, Inc. | 390 | 7,617 | ||||||
Corinthian Colleges, Inc. (a)(b) | 2,112 | 3,759 | ||||||
DeVry Education Group, Inc. | 1,749 | 62,090 | ||||||
Graham Holdings Co. (Class B) | 98 | 65,005 | ||||||
Grand Canyon Education, Inc. (a) | 1,268 | 55,285 | ||||||
H&R Block, Inc. | 7,379 | 214,286 | ||||||
Hillenbrand, Inc. | 1,464 | 43,071 | ||||||
ITT Educational Services, Inc. (a)(b) | 681 | 22,868 | ||||||
K12, Inc. (a) | 780 | 16,965 | ||||||
LifeLock, Inc. (a) | 1,658 | 27,208 | ||||||
Matthews International Corp. (Class A) | 780 | 33,236 | ||||||
Regis Corp. (b) | 1,268 | 18,399 | ||||||
Service Corp. International | 5,727 | 103,831 | ||||||
Sotheby’s | 1,856 | 98,739 | ||||||
Steiner Leisure, Ltd. (a) | 390 | 19,184 | ||||||
Strayer Education, Inc. | 304 | 10,479 | ||||||
Universal Technical Institute, Inc. | 586 | 8,151 | ||||||
Weight Watchers International, Inc. (b) | 780 | 25,685 | ||||||
1,012,317 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 4.2% | ||||||||
Bank of America Corp. | 294,848 | 4,590,783 | ||||||
Berkshire Hathaway, Inc. (Class B) (a) | 49,177 | 5,830,425 | ||||||
CBOE Holdings, Inc. | 2,342 | 121,690 | ||||||
Citigroup, Inc. | 83,238 | 4,337,532 | ||||||
CME Group, Inc. | 8,624 | 676,639 | ||||||
ING US, Inc. | 2,048 | 71,987 | ||||||
Interactive Brokers Group, Inc. (Class A) | 1,268 | 30,863 | ||||||
IntercontinentalExchange Group, Inc. | 3,197 | 719,069 | ||||||
JPMorgan Chase & Co. | 103,356 | 6,044,259 | ||||||
Leucadia National Corp. | 8,040 | 227,854 | ||||||
MarketAxess Holdings, Inc. | 976 | 65,265 | ||||||
Moody’s Corp. | 5,307 | 416,440 | ||||||
MSCI, Inc. (Class A) (a) | 3,297 | 144,145 | ||||||
NewStar Financial, Inc. (a) | 682 | 12,119 | ||||||
PHH Corp. (a)(b) | 1,551 | 37,767 | ||||||
Pico Holdings, Inc. (a) | 586 | 13,543 | ||||||
The NASDAQ OMX Group, Inc. | 3,027 | 120,475 | ||||||
23,460,855 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.8% | ||||||||
8x8, Inc. (a) | 1,952 | 19,832 | ||||||
AT&T, Inc. | 147,074 | 5,171,122 | ||||||
Atlantic Tele-Network, Inc. | 292 | 16,518 | ||||||
Cbeyond, Inc. (a) | 682 | 4,706 | ||||||
CenturyLink, Inc. (b) | 16,569 | 527,723 | ||||||
Cincinnati Bell, Inc. (a) | 5,658 | 20,142 | ||||||
Cogent Communications Group, Inc. (b) | 1,308 | 52,856 | ||||||
Consolidated Communications Holdings, Inc. | 1,118 | 21,946 | ||||||
Frontier Communications Corp. (b) | 27,109 | 126,057 | ||||||
General Communication, Inc. (Class A) (a) | 878 | 9,790 | ||||||
Hawaiian Telcom Holdco, Inc. (a)(b) | 292 | 8,576 | ||||||
IDT Corp. (Class B) | 390 | 6,969 | ||||||
inContact, Inc. (a)(b) | 1,464 | 11,434 | ||||||
Inteliquent, Inc. | 878 | 10,027 | ||||||
Intelsat SA (a) | 586 | 13,208 | ||||||
Iridium Communications, Inc. (a)(b) | 1,756 | 10,993 | ||||||
Level 3 Communications, Inc. (a) | 4,418 | 146,545 | ||||||
Lumos Networks Corp. | 390 | 8,190 | ||||||
magicJack VocalTec, Ltd. (a)(b) | 488 | 5,817 | ||||||
Premiere Global Services, Inc. (a) | 1,268 | 14,696 | ||||||
Straight Path Communications, Inc. (Class B) (a)(b) | 196 | 1,605 | ||||||
tw telecom, Inc. (a) | 4,070 | 124,013 | ||||||
Verizon Communications, Inc. | 78,240 | 3,844,714 | ||||||
Vonage Holdings Corp. (a) | 4,196 | 13,973 | ||||||
Windstream Holdings, Inc. (b) | 16,157 | 128,933 | ||||||
10,320,385 | ||||||||
ELECTRIC UTILITIES — 1.5% | ||||||||
ALLETE, Inc. | 1,074 | 53,571 | ||||||
American Electric Power Co., Inc. | 13,244 | 619,025 | ||||||
Cleco Corp. | 1,658 | 77,296 | ||||||
Duke Energy Corp. | 19,236 | 1,327,476 | ||||||
Edison International | 8,856 | 410,033 | ||||||
El Paso Electric Co. | 1,074 | 37,708 | ||||||
Entergy Corp. | 4,886 | 309,137 | ||||||
Exelon Corp. | 23,331 | 639,036 | ||||||
FirstEnergy Corp. | 11,415 | 376,467 | ||||||
Great Plains Energy, Inc. | 4,196 | 101,711 | ||||||
Hawaiian Electric Industries, Inc. (b) | 2,644 | 68,903 | ||||||
IDACORP, Inc. | 1,366 | 70,813 |
See accompanying notes to financial statements.
123
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
ITC Holdings Corp. | 1,464 | $ | 140,281 | |||||
MGE Energy, Inc. (b) | 620 | 35,898 | ||||||
NextEra Energy, Inc. | 11,546 | 988,569 | ||||||
Northeast Utilities | 8,534 | 361,756 | ||||||
NRG Yield, Inc. (Class A) (b) | 600 | 24,006 | ||||||
OGE Energy Corp. | 5,366 | 181,907 | ||||||
Otter Tail Corp. | 976 | 28,568 | ||||||
Pepco Holdings, Inc. (b) | 6,801 | 130,103 | ||||||
Pinnacle West Capital Corp. | 2,946 | 155,902 | ||||||
PNM Resources, Inc. | 2,161 | 52,123 | ||||||
Portland General Electric Co. (b) | 2,048 | 61,850 | ||||||
PPL Corp. | 17,727 | 533,405 | ||||||
Southern Co. | 24,039 | 988,243 | ||||||
The Empire District Electric Co. | 1,170 | 26,547 | ||||||
UIL Holdings Corp. (b) | 1,866 | 72,308 | ||||||
Unitil Corp. | 349 | 10,641 | ||||||
UNS Energy Corp. (b) | 1,170 | 70,025 | ||||||
Westar Energy, Inc. (b) | 4,114 | 132,347 | ||||||
Xcel Energy, Inc. | 13,516 | 377,637 | ||||||
8,463,292 | ||||||||
ELECTRICAL EQUIPMENT — 0.8% | ||||||||
Acuity Brands, Inc. (b) | 1,170 | 127,904 | ||||||
AMETEK, Inc. | 6,634 | 349,413 | ||||||
AZZ, Inc. | 682 | 33,323 | ||||||
Brady Corp. (Class A) | 1,268 | 39,219 | ||||||
Capstone Turbine Corp. (a) | 8,243 | 10,633 | ||||||
Eaton Corp. PLC | 12,899 | 981,872 | ||||||
Emerson Electric Co. | 19,835 | 1,392,020 | ||||||
Encore Wire Corp. | 586 | 31,761 | ||||||
EnerSys (b) | 1,268 | 88,874 | ||||||
Franklin Electric Co., Inc. | 1,268 | 56,604 | ||||||
FuelCell Energy, Inc. (a)(b) | 4,292 | 6,052 | ||||||
Generac Holdings, Inc. (b) | 1,366 | 77,370 | ||||||
General Cable Corp. (b) | 1,350 | 39,704 | ||||||
Global Power Equipment Group, Inc. | 488 | 9,550 | ||||||
GrafTech International, Ltd. (a)(b) | 3,166 | 35,554 | ||||||
Hubbell, Inc. (Class B) | 1,660 | 180,774 | ||||||
II-VI, Inc. (a) | 1,366 | 24,042 | ||||||
Polypore International, Inc. (a)(b) | 1,268 | 49,325 | ||||||
Powell Industries, Inc. | 292 | 19,561 | ||||||
Regal-Beloit Corp. | 1,268 | 93,477 | ||||||
Rockwell Automation, Inc. | 3,839 | 453,616 | ||||||
Roper Industries, Inc. | 2,741 | 380,122 | ||||||
SolarCity Corp. (a) | 586 | 33,297 | ||||||
The Babcock & Wilcox Co. | 3,069 | 104,929 | ||||||
Thermon Group Holdings, Inc. (a) | 780 | 21,317 | ||||||
4,640,313 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.7% | ||||||||
Amphenol Corp. (Class A) | 4,360 | 388,825 | ||||||
Anixter International, Inc. | 780 | 70,075 | ||||||
Arrow Electronics, Inc. (a) | 2,842 | 154,178 | ||||||
Avnet, Inc. | 3,720 | 164,089 | ||||||
AVX Corp. | 1,268 | 17,663 | ||||||
Badger Meter, Inc. | 390 | 21,255 | ||||||
Belden, Inc. | 1,170 | 82,427 | ||||||
Benchmark Electronics, Inc. (a) | 1,513 | 34,920 | ||||||
Checkpoint Systems, Inc. (a) | 1,074 | 16,937 | ||||||
Cognex Corp. | 2,340 | 89,341 | ||||||
Coherent, Inc. (a) | 682 | 50,734 | ||||||
Corning, Inc. | 40,126 | 715,045 | ||||||
CTS Corp. | 878 | 17,481 | ||||||
Daktronics, Inc. | 976 | 15,304 | ||||||
Dolby Laboratories, Inc. (Class A) (a)(b) | 1,228 | 47,352 | ||||||
DTS, Inc. (a) | 488 | 11,702 | ||||||
Electro Rent Corp. | 488 | 9,038 | ||||||
Electro Scientific Industries, Inc. | 682 | 7,134 | ||||||
Fabrinet (a) | 780 | 16,037 | ||||||
FARO Technologies, Inc. (a) | 488 | 28,450 | ||||||
FEI Co. | 1,269 | 113,398 | ||||||
FLIR Systems, Inc. | 3,899 | 117,360 | ||||||
GSI Group, Inc. (a) | 780 | 8,767 | ||||||
Ingram Micro, Inc. (Class A) (a) | 4,098 | 96,139 | ||||||
Insight Enterprises, Inc. (a) | 1,170 | 26,571 | ||||||
InvenSense, Inc. (a)(b) | 1,562 | 32,458 | ||||||
IPG Photonics Corp. (a)(b) | 878 | 68,142 | ||||||
Itron, Inc. (a)(b) | 1,031 | 42,714 | ||||||
Jabil Circuit, Inc. | 5,517 | 96,216 | ||||||
Kemet Corp. (a) | 1,268 | 7,152 | ||||||
Littelfuse, Inc. | 586 | 54,457 | ||||||
Maxwell Technologies, Inc. (a)(b) | 780 | 6,061 | ||||||
Measurement Specialties, Inc. (a) | 390 | 23,669 | ||||||
Mercury Computer Systems, Inc. (a) | 878 | 9,614 | ||||||
Methode Electronics, Inc. (Class A) | 976 | 33,369 | ||||||
Mettler-Toledo International, Inc. (a) | 880 | 213,479 | ||||||
MTS Systems Corp. | 390 | 27,788 | ||||||
National Instruments Corp. | 2,668 | 85,429 | ||||||
Newport Corp. (a) | 1,074 | 19,407 | ||||||
OSI Systems, Inc. (a) | 586 | 31,122 | ||||||
Park Electrochemical Corp. | 586 | 16,830 | ||||||
Plexus Corp. (a) | 976 | 42,251 | ||||||
RealD, Inc. (a) | 1,074 | 9,172 | ||||||
Rofin-Sinar Technologies, Inc. (a) | 780 | 21,076 | ||||||
Rogers Corp. (a) | 488 | 30,012 | ||||||
Sanmina Corp. (a) | 2,214 | 36,974 | ||||||
Scansource, Inc. (a) | 780 | 33,095 | ||||||
SYNNEX Corp. (a) | 682 | 45,967 | ||||||
Tech Data Corp. (a) | 1,056 | 54,490 | ||||||
Trimble Navigation, Ltd. (a) | 6,962 | 241,581 | ||||||
TTM Technologies, Inc. (a) | 1,464 | 12,561 | ||||||
Universal Display Corp. (a) | 1,074 | 36,903 | ||||||
Vishay Intertechnology, Inc. (a) | 3,577 | 47,431 | ||||||
Vishay Precision Group, Inc. (a) | 348 | 5,182 | ||||||
Zygo Corp. (a) | 488 | 7,213 | ||||||
3,712,037 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.7% | ||||||||
Atwood Oceanics, Inc. (a)(b) | 1,562 | 83,395 | ||||||
Baker Hughes, Inc. | 11,992 | 662,678 | ||||||
Basic Energy Services, Inc. (a)(b) | 801 | 12,640 | ||||||
Bristow Group, Inc. | 976 | 73,258 | ||||||
C&J Energy Services, Inc. (a)(b) | 1,268 | 29,291 | ||||||
Cal Dive International, Inc. (a)(b) | 2,634 | 5,294 | ||||||
Cameron International Corp. (a) | 6,702 | 398,970 | ||||||
CARBO Ceramics, Inc. | 586 | 68,287 | ||||||
Dawson Geophysical Co. (a) | 196 | 6,629 | ||||||
Diamond Offshore Drilling, Inc. (b) | 1,837 | 104,562 |
See accompanying notes to financial statements.
124
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Dresser-Rand Group, Inc. (a) | 2,100 | $ | 125,223 | |||||
Dril-Quip, Inc. (a) | 1,074 | 118,065 | ||||||
Era Group, Inc. (a) | 586 | 18,084 | ||||||
Exterran Holdings, Inc. (a) | 1,606 | 54,925 | ||||||
FMC Technologies, Inc. (a) | 6,463 | 337,433 | ||||||
Forum Energy Technologies, Inc. (a) | 1,074 | 30,351 | ||||||
Frank’s International NV | 1,400 | 37,800 | ||||||
Geospace Technologies Corp. (a)(b) | 390 | 36,984 | ||||||
Gulf Island Fabrication, Inc. | 390 | 9,056 | ||||||
Gulfmark Offshore, Inc. (Class A) | 682 | 32,143 | ||||||
Halliburton Co. | 23,143 | 1,174,507 | ||||||
Helix Energy Solutions Group, Inc. (a) | 2,914 | 67,546 | ||||||
Helmerich & Payne, Inc. | 2,536 | 213,227 | ||||||
Hercules Offshore, Inc. (a) | 4,292 | 28,027 | ||||||
Hornbeck Offshore Services, Inc. (a)(b) | 976 | 48,048 | ||||||
ION Geophysical Corp. (a)(b) | 3,660 | 12,078 | ||||||
Key Energy Services, Inc. (a) | 4,098 | 32,374 | ||||||
Matrix Service Co. (a) | 682 | 16,688 | ||||||
McDermott International, Inc. (a)(b) | 6,477 | 59,329 | ||||||
Mitcham Industries, Inc. (a) | 390 | 6,907 | ||||||
Nabors Industries, Ltd. | 8,013 | 136,141 | ||||||
National Oilwell Varco, Inc. | 11,788 | 937,500 | ||||||
Natural Gas Services Group, Inc. (a) | 292 | 8,050 | ||||||
Newpark Resources, Inc. (a)(b) | 2,342 | 28,783 | ||||||
Nuverra Environmental Solutions, Inc. (a)(b) | 390 | 6,548 | ||||||
Oceaneering International, Inc. | 2,978 | 234,905 | ||||||
Oil States International, Inc. (a) | 1,464 | 148,918 | ||||||
Parker Drilling Co. (a) | 3,220 | 26,179 | ||||||
Patterson-UTI Energy, Inc. | 4,001 | 101,305 | ||||||
PHI, Inc. (a) | 390 | 16,926 | ||||||
Pioneer Energy Services Corp. (a) | 1,658 | 13,281 | ||||||
RigNet, Inc. (a) | 292 | 13,996 | ||||||
Rowan Cos. PLC (a) | 3,389 | 119,835 | ||||||
RPC, Inc. (b) | 1,756 | 31,345 | ||||||
Schlumberger, Ltd. | 36,436 | 3,283,248 | ||||||
SEACOR Holdings, Inc. (a) | 586 | 53,443 | ||||||
Seadrill, Ltd. (b) | 9,660 | 396,833 | ||||||
Superior Energy Services, Inc. (a) | 4,347 | 115,674 | ||||||
Tesco Corp. (a) | 780 | 15,428 | ||||||
Tetra Technologies, Inc. (a) | 2,146 | 26,524 | ||||||
TGC Industries, Inc. | 562 | 4,103 | ||||||
Tidewater, Inc. | 1,354 | 80,252 | ||||||
Unit Corp. (a) | 1,366 | 70,513 | ||||||
Vantage Drilling Co. (a)(b) | 5,464 | 10,054 | ||||||
Willbros Group, Inc. (a) | 1,074 | 10,117 | ||||||
9,793,700 | ||||||||
FOOD & STAPLES RETAILING — 2.0% | ||||||||
Casey’s General Stores, Inc. | 1,074 | 75,448 | ||||||
Costco Wholesale Corp. | 12,073 | 1,436,808 | ||||||
CVS Caremark Corp. | 33,570 | 2,402,605 | ||||||
Fairway Group Holdings Corp. (a)(b) | 390 | 7,067 | ||||||
Harris Teeter Supermarkets, Inc. | 1,366 | 67,412 | ||||||
Ingles Markets, Inc. (Class A) | 390 | 10,569 | ||||||
Natural Grocers by Vitamin Cottage, Inc. (a)(b) | 196 | 8,320 | ||||||
PriceSmart, Inc. (b) | 488 | 56,383 | ||||||
Rite Aid Corp. (a) | 19,904 | 100,714 | ||||||
Roundy’s, Inc. (b) | 682 | 6,725 | ||||||
Safeway, Inc. | 6,602 | 215,027 | ||||||
Spartan Stores, Inc. | 936 | 22,726 | ||||||
Sprouts Farmers Market, Inc. (a) | 600 | 23,058 | ||||||
SUPERVALU, Inc. (a)(b) | 5,479 | 39,942 | ||||||
Susser Holdings Corp. (a)(b) | 488 | 31,959 | ||||||
Sysco Corp. | 16,164 | 583,520 | ||||||
The Andersons, Inc. | 488 | 43,515 | ||||||
The Chefs’ Warehouse, Inc. (a)(b) | 390 | 11,372 | ||||||
The Fresh Market, Inc. (a)(b) | 1,074 | 43,497 | ||||||
The Kroger Co. | 14,118 | 558,085 | ||||||
The Pantry, Inc. (a) | 682 | 11,444 | ||||||
United Natural Foods, Inc. (a) | 1,366 | 102,983 | ||||||
Village Super Market, Inc. (Class A) | 196 | 6,078 | ||||||
Wal-Mart Stores, Inc. | 44,089 | 3,469,363 | ||||||
Walgreen Co. | 26,130 | 1,500,907 | ||||||
Weis Markets, Inc. | 292 | 15,348 | ||||||
Whole Foods Market, Inc. | 10,138 | 586,281 | ||||||
11,437,156 | ||||||||
FOOD PRODUCTS — 1.6% | ||||||||
Annie’s, Inc. (a) | 390 | 16,786 | ||||||
Archer-Daniels-Midland Co. | 17,910 | 777,294 | ||||||
B&G Foods, Inc. | 1,464 | 49,644 | ||||||
Boulder Brands, Inc. (a) | 1,658 | 26,296 | ||||||
Bunge, Ltd. | 4,035 | 331,314 | ||||||
Cal-Maine Foods, Inc. | 390 | 23,490 | ||||||
Calavo Growers, Inc. (b) | 292 | 8,836 | ||||||
Campbell Soup Co. (b) | 4,746 | 205,407 | ||||||
Chiquita Brands International, Inc. (a) | 1,268 | 14,836 | ||||||
ConAgra Foods, Inc. | 11,313 | 381,248 | ||||||
Darling International, Inc. (a) | 4,320 | 90,202 | ||||||
Dean Foods Co. (a)(b) | 2,546 | 43,766 | ||||||
Diamond Foods, Inc. (a)(b) | 586 | 15,142 | ||||||
Flowers Foods, Inc. | 4,618 | 99,148 | ||||||
Fresh Del Monte Produce, Inc. | 1,074 | 30,394 | ||||||
General Mills, Inc. | 17,542 | 875,521 | ||||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 4,098 | 309,727 | ||||||
Hain Celestial Group, Inc. (a) | 1,074 | 97,498 | ||||||
Hillshire Brands Co. | 3,318 | 110,954 | ||||||
Hormel Foods Corp. | 3,610 | 163,064 | ||||||
Ingredion, Inc. | 2,146 | 146,915 | ||||||
J&J Snack Foods Corp. | 390 | 34,550 | ||||||
Kellogg Co. | 7,059 | 431,093 | ||||||
Kraft Foods Group, Inc. | 16,183 | 872,587 | ||||||
Lancaster Colony Corp. | 488 | 43,017 | ||||||
Limoneira Co. (b) | 292 | 7,764 | ||||||
McCormick & Co., Inc. | 3,621 | 249,559 | ||||||
Mead Johnson Nutrition Co. | 5,485 | 459,424 | ||||||
Mondelez International, Inc. (Class A) | 49,150 | 1,734,995 | ||||||
Pilgrim’s Pride Corp. (a) | 1,658 | 26,942 | ||||||
Pinnacle Foods, Inc. | 878 | 24,110 | ||||||
Post Holdings, Inc. (a)(b) | 878 | 43,259 | ||||||
Sanderson Farms, Inc. | 622 | 44,989 | ||||||
Seaboard Corp. | 8 | 22,360 | ||||||
Seneca Foods Corp. (Class A) (a) | 196 | 6,250 | ||||||
Snyders-Lance, Inc. | 1,268 | 36,417 | ||||||
The Hershey Co. | 4,107 | 399,324 | ||||||
The J.M. Smucker Co. | 2,943 | 304,954 |
See accompanying notes to financial statements.
125
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Tootsie Roll Industries, Inc. (b) | 488 | $ | 15,879 | |||||
TreeHouse Foods, Inc. (a) | 1,026 | 70,712 | ||||||
Tyson Foods, Inc. (Class A) (b) | 7,605 | 254,463 | ||||||
WhiteWave Foods Co. (Class A) (a) | 3,724 | 85,429 | ||||||
8,985,559 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
AGL Resources, Inc. | 3,220 | 152,080 | ||||||
Atmos Energy Corp. | 2,440 | 110,825 | ||||||
Delta Natural Gas Co., Inc. (b) | 179 | 4,006 | ||||||
National Fuel Gas Co. | 2,048 | 146,227 | ||||||
New Jersey Resources Corp. (b) | 1,170 | 54,101 | ||||||
Northwest Natural Gas Co. (b) | 780 | 33,400 | ||||||
ONEOK, Inc. | 5,562 | 345,845 | ||||||
Piedmont Natural Gas Co., Inc. | 2,048 | 67,912 | ||||||
Questar Corp. | 4,783 | 109,961 | ||||||
South Jersey Industries, Inc. (b) | 878 | 49,133 | ||||||
Southwest Gas Corp. | 1,268 | 70,894 | ||||||
The Laclede Group, Inc. | 878 | 39,984 | ||||||
UGI Corp. | 3,122 | 129,438 | ||||||
WGL Holdings, Inc. | 1,366 | 54,722 | ||||||
1,368,528 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.1% | ||||||||
Abaxis, Inc. (a)(b) | 586 | 23,452 | ||||||
Abbott Laboratories | 42,926 | 1,645,354 | ||||||
ABIOMED, Inc. (a) | 1,052 | 28,130 | ||||||
Accuray, Inc. (a)(b) | 2,048 | 17,838 | ||||||
Alere, Inc. (a) | 2,256 | 81,667 | ||||||
Align Technology, Inc. (a) | 1,952 | 111,557 | ||||||
Analogic Corp. | 292 | 25,859 | ||||||
AngioDynamics, Inc. (a) | 682 | 11,724 | ||||||
Anika Therapeutics, Inc. (a) | 292 | 11,143 | ||||||
Antares Pharma, Inc. (a)(b) | 3,024 | 13,548 | ||||||
ArthroCare Corp. (a) | 780 | 31,387 | ||||||
AtriCure, Inc. (a) | 586 | 10,946 | ||||||
Baxter International, Inc. | 14,999 | 1,043,180 | ||||||
Becton, Dickinson and Co. | 5,292 | 584,713 | ||||||
Boston Scientific Corp. (a) | 36,656 | 440,605 | ||||||
C.R. Bard, Inc. | 2,350 | 314,759 | ||||||
Cantel Medical Corp. | 878 | 29,773 | ||||||
Cardiovascular Systems, Inc. (a) | 586 | 20,094 | ||||||
CareFusion Corp. (a) | 5,980 | 238,124 | ||||||
Cerus Corp. (a)(b) | 1,854 | 11,958 | ||||||
CONMED Corp. | 780 | 33,150 | ||||||
Covidien PLC | 13,070 | 890,067 | ||||||
Cyberonics, Inc. (a) | 780 | 51,098 | ||||||
Cynosure, Inc. (Class A) (a) | 488 | 13,020 | ||||||
DENTSPLY International, Inc. | 3,863 | 187,278 | ||||||
DexCom, Inc. (a) | 1,952 | 69,120 | ||||||
Edwards Lifesciences Corp. (a)(b) | 3,113 | 204,711 | ||||||
Endologix, Inc. (a) | 1,756 | 30,625 | ||||||
GenMark Diagnostics, Inc. (a)(b) | 780 | 10,382 | ||||||
Globus Medical, Inc. (Class A) (a) | 1,464 | 29,543 | ||||||
Greatbatch, Inc. (a) | 682 | 30,172 | ||||||
Haemonetics Corp. (a)(b) | 1,366 | 57,550 | ||||||
HealthStream, Inc. (a) | 586 | 19,203 | ||||||
HeartWare International, Inc. (a) | 488 | 45,852 | ||||||
Hill-Rom Holdings, Inc. | 1,658 | 68,542 | ||||||
Hologic, Inc. (a)(b) | 7,353 | 164,340 | ||||||
ICU Medical, Inc. (a) | 390 | 24,847 | ||||||
IDEXX Laboratories, Inc. (a) | 1,464 | 155,726 | ||||||
Insulet Corp. (a) | 1,464 | 54,314 | ||||||
Integra LifeSciences Holdings Corp. (a) | 586 | 27,958 | ||||||
Intuitive Surgical, Inc. (a) | 1,071 | 411,350 | ||||||
Invacare Corp. | 878 | 20,378 | ||||||
Masimo Corp. (a)(b) | 1,289 | 37,677 | ||||||
Medtronic, Inc. | 27,677 | 1,588,383 | ||||||
Meridian Bioscience, Inc. (b) | 1,170 | 31,040 | ||||||
Merit Medical Systems, Inc. (a) | 1,170 | 18,416 | ||||||
Natus Medical, Inc. (a) | 780 | 17,550 | ||||||
Neogen Corp. (a) | 1,022 | 46,705 | ||||||
NuVasive, Inc. (a) | 1,244 | 40,218 | ||||||
NxStage Medical, Inc. (a) | 1,658 | 16,580 | ||||||
OraSure Technologies, Inc. (a) | 1,464 | 9,209 | ||||||
Orthofix International NV (a) | 488 | 11,136 | ||||||
PhotoMedex, Inc. (a)(b) | 390 | 5,050 | ||||||
Quidel Corp. (a) | 780 | 24,094 | ||||||
ResMed, Inc. (b) | 3,858 | 181,635 | ||||||
RTI Surgical, Inc. (a)(b) | 1,562 | 5,529 | ||||||
Sirona Dental Systems, Inc. (a) | 1,464 | 102,773 | ||||||
Spectranetics Corp. (a) | 1,074 | 26,850 | ||||||
St. Jude Medical, Inc. | 7,689 | 476,334 | ||||||
Staar Surgical Co. (a) | 976 | 15,801 | ||||||
STERIS Corp. | 1,562 | 75,054 | ||||||
Stryker Corp. | 8,997 | 676,035 | ||||||
SurModics, Inc. (a) | 390 | 9,512 | ||||||
Symmetry Medical, Inc. (a) | 976 | 9,838 | ||||||
TearLab Corp. (a)(b) | 682 | 6,370 | ||||||
Teleflex, Inc. | 1,074 | 100,806 | ||||||
The Cooper Cos., Inc. | 1,468 | 181,797 | ||||||
Thoratec Corp. (a) | 1,524 | 55,778 | ||||||
Tornier NV (a) | 682 | 12,815 | ||||||
Unilife Corp. (a)(b) | 2,440 | 10,736 | ||||||
Utah Medical Products, Inc. (b) | 98 | 5,602 | ||||||
Varian Medical Systems, Inc. (a) | 2,943 | 228,642 | ||||||
Vascular Solutions, Inc. (a) | 438 | 10,140 | ||||||
Volcano Corp. (a)(b) | 1,464 | 31,988 | ||||||
West Pharmaceutical Services, Inc. | 1,952 | 95,765 | ||||||
Wright Medical Group, Inc. (a) | 1,074 | 32,983 | ||||||
Zimmer Holdings, Inc. | 4,548 | 423,828 | ||||||
11,917,706 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.2% | ||||||||
Acadia Healthcare Co., Inc. (a)(b) | 976 | 46,194 | ||||||
Accretive Health, Inc. (a) | 1,562 | 14,308 | ||||||
Aetna, Inc. | 10,260 | 703,733 | ||||||
Air Methods Corp. (a)(b) | 1,074 | 62,646 | ||||||
Amedisys, Inc. (a)(b) | 873 | 12,772 | ||||||
AmerisourceBergen Corp. | 6,319 | 444,289 | ||||||
AMN Healthcare Services, Inc. (a) | 1,268 | 18,640 | ||||||
AmSurg Corp. (a) | 878 | 40,318 | ||||||
athenahealth, Inc. (a)(b) | 1,014 | 136,383 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 682 | 17,418 | ||||||
BioScrip, Inc. (a) | 1,562 | 11,559 | ||||||
Brookdale Senior Living, Inc. (a) | 2,732 | 74,256 | ||||||
Capital Senior Living Corp. (a) | 780 | 18,712 | ||||||
Cardinal Health, Inc. | 9,329 | 623,271 |
See accompanying notes to financial statements.
126
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Catamaran Corp. (a) | 5,562 | $ | 264,084 | |||||
Centene Corp. (a) | 1,464 | 86,303 | ||||||
Chemed Corp. (b) | 488 | 37,391 | ||||||
Chindex International, Inc. (a) | 292 | 5,090 | ||||||
CIGNA Corp. | 7,807 | 682,956 | ||||||
Community Health Systems, Inc. (a) | 2,556 | 100,374 | ||||||
Corvel Corp. (a) | 292 | 13,636 | ||||||
DaVita HealthCare Partners, Inc. (a) | 4,974 | 315,202 | ||||||
Emeritus Corp. (a) | 1,074 | 23,231 | ||||||
Envision Healthcare Holdings, Inc. (a) | 1,800 | 63,936 | ||||||
ExamWorks Group, Inc. (a)(b) | 780 | 23,299 | ||||||
Express Scripts Holding Co. (a) | 22,509 | 1,581,032 | ||||||
Five Star Quality Care, Inc. (a) | 1,170 | 6,423 | ||||||
Gentiva Health Services, Inc. (a) | 878 | 10,896 | ||||||
Hanger, Inc. (a) | 976 | 38,396 | ||||||
HCA Holdings, Inc. (a) | 7,318 | 349,142 | ||||||
Health Management Associates, Inc. (Class A) (a) | 7,060 | 92,486 | ||||||
Health Net, Inc. (a) | 2,202 | 65,333 | ||||||
HealthSouth Corp. | 2,367 | 78,868 | ||||||
Healthways, Inc. (a)(b) | 724 | 11,113 | ||||||
Henry Schein, Inc. (a) | 2,401 | 274,338 | ||||||
HMS Holdings Corp. (a)(b) | 2,342 | 53,234 | ||||||
Humana, Inc. | 4,294 | 443,227 | ||||||
IPC The Hospitalist Co. (a) | 488 | 28,982 | ||||||
Kindred Healthcare, Inc. | 1,464 | 28,899 | ||||||
Laboratory Corp. of America Holdings (a) | 2,529 | 231,075 | ||||||
Landauer, Inc. | 292 | 15,362 | ||||||
LHC Group, Inc. (a) | 292 | 7,020 | ||||||
LifePoint Hospitals, Inc. (a) | 1,268 | 67,001 | ||||||
Magellan Health Services, Inc. (a) | 780 | 46,730 | ||||||
McKesson Corp. | 6,159 | 994,063 | ||||||
MEDNAX, Inc. (a) | 2,732 | 145,834 | ||||||
Molina Healthcare, Inc. (a)(b) | 780 | 27,105 | ||||||
MWI Veterinary Supply, Inc. (a)(b) | 390 | 66,530 | ||||||
National Healthcare Corp. (b) | 292 | 15,742 | ||||||
Omnicare, Inc. | 2,826 | 170,577 | ||||||
Owens & Minor, Inc. (b) | 1,756 | 64,199 | ||||||
Patterson Cos., Inc. | 2,341 | 96,449 | ||||||
PharMerica Corp. (a)(b) | 780 | 16,770 | ||||||
Premier, Inc. (Class A) (a) | 900 | 33,084 | ||||||
Quest Diagnostics, Inc. (b) | 4,289 | 229,633 | ||||||
Select Medical Holdings Corp. | 1,366 | 15,859 | ||||||
Team Health Holdings, Inc. (a) | 1,854 | 84,450 | ||||||
Tenet Healthcare Corp. (a) | 2,787 | 117,389 | ||||||
The Ensign Group, Inc. | 488 | 21,604 | ||||||
The Providence Service Corp. (a) | 292 | 7,510 | ||||||
Triple-S Management Corp. (Class B) (a) | 682 | 13,258 | ||||||
UnitedHealth Group, Inc. | 28,043 | 2,111,638 | ||||||
Universal American Corp. | 1,074 | 7,840 | ||||||
Universal Health Services, Inc. (Class B) | 2,440 | 198,274 | ||||||
US Physical Therapy, Inc. | 292 | 10,296 | ||||||
VCA Antech, Inc. (a) | 2,394 | 75,076 | ||||||
WellCare Health Plans, Inc. (a) | 1,226 | 86,335 | ||||||
WellPoint, Inc. | 8,325 | 769,147 | ||||||
12,648,220 | ||||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||||
Allscripts Healthcare Solutions, Inc. (a) | 4,878 | 75,414 | ||||||
Cerner Corp. (a) | 8,098 | 451,383 | ||||||
Computer Programs and Systems, Inc. (b) | 292 | 18,049 | ||||||
MedAssets, Inc. (a) | 1,658 | 32,878 | ||||||
Medidata Solutions, Inc. (a) | 1,364 | 82,617 | ||||||
Merge Healthcare, Inc. (a)(b) | 1,756 | 4,074 | ||||||
Omnicell, Inc. (a) | 976 | 24,917 | ||||||
Vocera Communications, Inc. (a)(b) | 586 | 9,147 | ||||||
698,479 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 2.0% | ||||||||
AFC Enterprises, Inc. (a) | 682 | 26,257 | ||||||
Bally Technologies, Inc. (a) | 1,074 | 84,255 | ||||||
Biglari Holdings, Inc. (a) | 46 | �� | 23,305 | |||||
BJ’s Restaurants, Inc. (a)(b) | 682 | 21,183 | ||||||
Bloomin’ Brands, Inc. (a) | 1,464 | 35,151 | ||||||
Bob Evans Farms, Inc. | 728 | 36,829 | ||||||
Boyd Gaming Corp. (a)(b) | 1,562 | 17,588 | ||||||
Bravo Brio Restaurant Group, Inc. (a) | 488 | 7,940 | ||||||
Brinker International, Inc. (b) | 1,966 | 91,104 | ||||||
Buffalo Wild Wings, Inc. (a)(b) | 488 | 71,834 | ||||||
Burger King Worldwide, Inc. | 2,732 | 62,453 | ||||||
Caesars Entertainment Corp. (a)(b) | 976 | 21,023 | ||||||
Carnival Corp. | 11,337 | 455,407 | ||||||
CEC Entertainment, Inc. | 488 | 21,609 | ||||||
Chipotle Mexican Grill, Inc. (a) | 878 | 467,781 | ||||||
Choice Hotels International, Inc. (b) | 780 | 38,306 | ||||||
Churchill Downs, Inc. | 390 | 34,963 | ||||||
Chuy’s Holdings, Inc. (a)(b) | 488 | 17,578 | ||||||
Cracker Barrel Old Country Store, Inc. | 688 | 75,728 | ||||||
Darden Restaurants, Inc. (b) | 3,546 | 192,796 | ||||||
Del Frisco’s Restaurant Group, Inc. (a) | 292 | 6,882 | ||||||
Denny’s Corp. (a)(b) | 2,536 | 18,234 | ||||||
DineEquity, Inc. | 488 | 40,772 | ||||||
Domino’s Pizza, Inc. | 1,562 | 108,793 | ||||||
Dunkin’ Brands Group, Inc. (b) | 2,928 | 141,130 | ||||||
Fiesta Restaurant Group, Inc. (a) | 586 | 30,613 | ||||||
Hyatt Hotels Corp. (Class A) (a) | 1,170 | 57,868 | ||||||
International Game Technology | 7,115 | 129,208 | ||||||
International Speedway Corp. (Class A) | 780 | 27,682 | ||||||
Interval Leisure Group, Inc. (b) | 1,024 | 31,642 | ||||||
Jack in the Box, Inc. (a) | 1,170 | 58,523 | ||||||
Jamba, Inc. (a)(b) | 488 | 6,066 | ||||||
Krispy Kreme Doughnuts, Inc. (a)(b) | 1,756 | 33,873 | ||||||
Las Vegas Sands Corp. | 10,653 | 840,202 | ||||||
Life Time Fitness, Inc. (a)(b) | 1,170 | 54,990 | ||||||
Marcus Corp. | 488 | 6,559 | ||||||
Marriott International, Inc. (Class A) | 6,327 | 312,301 | ||||||
Marriott Vacations Worldwide Corp. (a) | 778 | 41,047 | ||||||
McDonald’s Corp. | 27,487 | 2,667,064 | ||||||
MGM Resorts International (a) | 10,107 | 237,717 | ||||||
Morgans Hotel Group Co. (a)(b) | 682 | 5,545 | ||||||
Multimedia Games Holding Co., Inc. (a) | 780 | 24,461 |
See accompanying notes to financial statements.
127
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Norwegian Cruise Line Holdings, Ltd. (a) | 780 | $ | 27,667 | |||||
Orient-Express Hotels, Ltd. (Class A) (a) | 2,634 | 39,800 | ||||||
Panera Bread Co. (Class A) (a)(b) | 802 | 141,705 | ||||||
Papa John’s International, Inc. | 780 | 35,412 | ||||||
Penn National Gaming, Inc. (a)(b) | 1,870 | 26,797 | ||||||
Pinnacle Entertainment, Inc. (a) | 1,562 | 40,596 | ||||||
Red Robin Gourmet Burgers, Inc. (a) | 390 | 28,681 | ||||||
Royal Caribbean Cruises, Ltd. | 4,461 | 211,541 | ||||||
Ruby Tuesday, Inc. (a) | 1,658 | 11,490 | ||||||
Ruth’s Hospitality Group, Inc. | 976 | 13,869 | ||||||
Scientific Games Corp. (Class A) (a) | 1,278 | 21,636 | ||||||
SeaWorld Entertainment, Inc. | 780 | 22,441 | ||||||
Six Flags Entertainment Corp. | 1,756 | 64,656 | ||||||
Sonic Corp. (a) | 1,562 | 31,537 | ||||||
Speedway Motorsports, Inc. | 292 | 5,796 | ||||||
Starbucks Corp. | 20,590 | 1,614,050 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 5,339 | 424,184 | ||||||
Texas Roadhouse, Inc. | 1,658 | 46,092 | ||||||
The Cheesecake Factory, Inc. | 1,403 | 67,723 | ||||||
The Wendy’s Co. (b) | 7,900 | 68,888 | ||||||
Town Sports International Holdings, Inc. | 682 | 10,066 | ||||||
Vail Resorts, Inc. (b) | 976 | 73,424 | ||||||
Wyndham Worldwide Corp. | 3,727 | 274,643 | ||||||
Wynn Resorts, Ltd. | 2,236 | 434,254 | ||||||
Yum! Brands, Inc. | 12,243 | 925,693 | ||||||
11,346,903 | ||||||||
HOUSEHOLD DURABLES — 0.6% | ||||||||
Beazer Homes USA, Inc. (a) | 682 | 16,654 | ||||||
Cavco Industries, Inc. (a) | 196 | 13,465 | ||||||
CSS Industries, Inc. | 196 | 5,621 | ||||||
D.R. Horton, Inc. (b) | 7,690 | 171,641 | ||||||
Ethan Allen Interiors, Inc. | 682 | 20,746 | ||||||
Garmin, Ltd. (b) | 3,376 | 156,039 | ||||||
Harman International Industries, Inc. | 1,877 | 153,632 | ||||||
Helen of Troy, Ltd. (a) | 878 | 43,470 | ||||||
Hovnanian Enterprises, Inc. (Class A) (a)(b) | 3,122 | 20,668 | ||||||
iRobot Corp. (a)(b) | 780 | 27,121 | ||||||
Jarden Corp. (a) | 3,724 | 228,467 | ||||||
KB Home (b) | 2,272 | 41,532 | ||||||
La-Z-Boy, Inc. | 1,464 | 45,384 | ||||||
Leggett & Platt, Inc. | 3,868 | 119,676 | ||||||
Lennar Corp. (Class A) | 4,454 | 176,200 | ||||||
Libbey, Inc. (a) | 586 | 12,306 | ||||||
M.D.C. Holdings, Inc. (b) | 1,074 | 34,626 | ||||||
M/I Homes, Inc. (a) | 682 | 17,357 | ||||||
Meritage Homes Corp. (a) | 976 | 46,838 | ||||||
Mohawk Industries, Inc. (a) | 1,643 | 244,643 | ||||||
NACCO Industries, Inc. (Class A) | 179 | 11,132 | ||||||
Newell Rubbermaid, Inc. | 7,835 | 253,932 | ||||||
NVR, Inc. (a) | 145 | 148,771 | ||||||
Pulte Group, Inc. (b) | 10,531 | 214,517 | ||||||
Standard Pacific Corp. (a)(b) | 4,000 | 36,200 | ||||||
Taylor Morrison Home Corp. (Class A) (a) | 878 | 19,711 | ||||||
Tempur Sealy International, Inc. (a) | 1,658 | 89,466 | ||||||
The Ryland Group, Inc. (b) | 1,263 | 54,827 | ||||||
Toll Brothers, Inc. (a) | 4,597 | 170,089 | ||||||
TRI Pointe Homes, Inc. (a)(b) | 390 | 7,773 | ||||||
Tupperware Brands Corp. (b) | 1,464 | 138,392 | ||||||
Universal Electronics, Inc. (a) | 390 | 14,863 | ||||||
Whirlpool Corp. | 2,191 | 343,680 | ||||||
William Lyon Homes (Class A) (a) | 390 | 8,635 | ||||||
3,108,074 | ||||||||
HOUSEHOLD PRODUCTS — 1.7% | ||||||||
Central Garden & Pet Co. (Class A) (a) | 1,170 | 7,897 | ||||||
Church & Dwight Co., Inc. | 3,776 | 250,273 | ||||||
Colgate-Palmolive Co. | 25,674 | 1,674,202 | ||||||
Energizer Holdings, Inc. | 1,851 | 200,352 | ||||||
Harbinger Group, Inc. (a)(b) | 878 | 10,404 | ||||||
Kimberly-Clark Corp. | 10,462 | 1,092,861 | ||||||
Spectrum Brands Holdings, Inc. | 586 | 41,342 | ||||||
The Clorox Co. (b) | 3,610 | 334,864 | ||||||
The Procter & Gamble Co. | 74,924 | 6,099,563 | ||||||
WD-40 Co. | 390 | 29,125 | ||||||
9,740,883 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1% | ||||||||
Atlantic Power Corp. (b) | 3,220 | 11,206 | ||||||
Calpine Corp. (a) | 10,759 | 209,908 | ||||||
Dynegy, Inc. (a)(b) | 2,732 | 58,793 | ||||||
NRG Energy, Inc. | 8,751 | 251,329 | ||||||
Ormat Technologies, Inc. | 488 | 13,278 | ||||||
The AES Corp. | 16,899 | 245,204 | ||||||
789,718 | ||||||||
INDUSTRIAL CONGLOMERATES — 2.1% | ||||||||
3M Co. | 18,965 | 2,659,841 | ||||||
Carlisle Cos., Inc. | 1,756 | 139,427 | ||||||
Danaher Corp. | 16,551 | 1,277,737 | ||||||
General Electric Co. | 282,539 | 7,919,568 | ||||||
Raven Industries, Inc. (b) | 1,012 | 41,634 | ||||||
12,038,207 | ||||||||
INSURANCE — 3.2% | ||||||||
ACE, Ltd. | 9,288 | 961,587 | ||||||
Aflac, Inc. | 12,725 | 850,030 | ||||||
Alleghany Corp. (a) | 488 | 195,180 | ||||||
Allied World Assurance Company Holdings, Ltd. | 976 | 110,103 | ||||||
Ambac Financial Group, Inc. (a) | 1,268 | 31,142 | ||||||
American Equity Investment Life Holding Co. (b) | 1,756 | 46,323 | ||||||
American Financial Group, Inc. | 2,146 | 123,867 | ||||||
American International Group, Inc. | 40,538 | 2,069,465 | ||||||
American National Insurance Co. | 196 | 22,450 | ||||||
AMERISAFE, Inc. | 488 | 20,613 | ||||||
Amtrust Financial Services, Inc. (b) | 857 | 28,015 | ||||||
Aon PLC | 8,668 | 727,159 | ||||||
Arch Capital Group, Ltd. (a) | 3,610 | 215,481 | ||||||
Argo Group International Holdings, Ltd. | 780 | 36,262 | ||||||
Arthur J. Gallagher & Co. | 3,486 | 163,598 |
See accompanying notes to financial statements.
128
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Aspen Insurance Holdings, Ltd. | 1,756 | $ | 72,540 | |||||
Assurant, Inc. | 2,063 | 136,921 | ||||||
Assured Guaranty, Ltd. | 5,260 | 124,083 | ||||||
Axis Capital Holdings, Ltd. | 3,220 | 153,175 | ||||||
Baldwin & Lyons, Inc. (Class B) | 292 | 7,977 | ||||||
Brown & Brown, Inc. | 3,220 | 101,076 | ||||||
Cincinnati Financial Corp. | 4,416 | 231,266 | ||||||
Citizens, Inc. (a)(b) | 1,170 | 10,238 | ||||||
CNA Financial Corp. | 682 | 29,251 | ||||||
CNO Financial Group, Inc. | 6,050 | 107,024 | ||||||
Eastern Insurance Holdings, Inc. | 152 | 3,722 | ||||||
eHealth, Inc. (a) | 488 | 22,687 | ||||||
Employers Holdings, Inc. | 878 | 27,789 | ||||||
Endurance Specialty Holdings, Ltd. | 1,170 | 68,644 | ||||||
Enstar Group, Ltd. (a) | 292 | 40,562 | ||||||
Erie Indemnity Co. (Class A) | 682 | 49,868 | ||||||
Everest Re Group, Ltd. | 1,390 | 216,659 | ||||||
FBL Financial Group, Inc. (Class A) | 196 | 8,779 | ||||||
Fidelity National Financial, Inc. (Class A) | 6,810 | 220,984 | ||||||
First American Financial Corp. | 2,928 | 82,570 | ||||||
Genworth Financial, Inc. (Class A) (a) | 13,386 | 207,885 | ||||||
Global Indemnity PLC (a) | 292 | 7,388 | ||||||
Greenlight Capital Re, Ltd. (Class A) (a) | 780 | 26,294 | ||||||
Hartford Financial Services Group, Inc. | 12,392 | 448,962 | ||||||
HCC Insurance Holdings, Inc. | 2,732 | 126,054 | ||||||
HCI Group, Inc. (b) | 292 | 15,622 | ||||||
Hilltop Holdings, Inc. (a) | 1,658 | 38,350 | ||||||
Horace Mann Educators Corp. | 1,074 | 33,874 | ||||||
Infinity Property & Casualty Corp. | 292 | 20,951 | ||||||
Kemper Corp. | 1,268 | 51,836 | ||||||
Lincoln National Corp. | 7,287 | 376,155 | ||||||
Loews Corp. | 8,319 | 401,309 | ||||||
Maiden Holdings, Ltd. | 1,366 | 14,930 | ||||||
Markel Corp. (a) | 390 | 226,336 | ||||||
Marsh & McLennan Cos., Inc. | 15,010 | 725,884 | ||||||
MBIA, Inc. (a) | 3,884 | 46,375 | ||||||
Meadowbrook Insurance Group, Inc. (b) | 1,366 | 9,507 | ||||||
Mercury General Corp. | 682 | 33,902 | ||||||
MetLife, Inc. | 24,340 | 1,312,413 | ||||||
Montpelier Re Holdings, Ltd. | 1,268 | 36,899 | ||||||
National Interstate Corp. (b) | 196 | 4,508 | ||||||
National Western Life Insurance Co. (Class A) | 98 | 21,908 | ||||||
Old Republic International Corp. | 7,048 | 121,719 | ||||||
OneBeacon Insurance Group, Ltd. (Class A) | 586 | 9,271 | ||||||
PartnerRe,��Ltd. | 1,603 | 169,004 | ||||||
Platinum Underwriters Holdings, Ltd. | 878 | 53,804 | ||||||
Primerica, Inc. | 1,562 | 67,025 | ||||||
Principal Financial Group, Inc. | 7,945 | 391,768 | ||||||
ProAssurance Corp. | 1,636 | 79,313 | ||||||
Protective Life Corp. | 2,142 | 108,514 | ||||||
Prudential Financial, Inc. | 12,618 | 1,163,632 | ||||||
Reinsurance Group of America, Inc. | 1,986 | 153,736 | ||||||
RenaissanceRe Holdings, Ltd. | 1,174 | 114,277 | ||||||
RLI Corp. (b) | 586 | 57,065 | ||||||
Safety Insurance Group, Inc. | 390 | 21,957 | ||||||
Selective Insurance Group, Inc. | 1,514 | 40,969 | ||||||
StanCorp Financial Group, Inc. | 1,170 | 77,512 | ||||||
State Auto Financial Corp. | 390 | 8,284 | ||||||
Stewart Information Services Corp. | 575 | 18,555 | ||||||
Symetra Financial Corp. | 2,244 | 42,546 | ||||||
The Allstate Corp. | 12,735 | 694,567 | ||||||
The Chubb Corp. | 7,083 | 684,430 | ||||||
The Hanover Insurance Group, Inc. | 1,177 | 70,279 | ||||||
The Navigators Group, Inc. (a) | 292 | 18,443 | ||||||
The Phoenix Cos., Inc. (a) | 205 | 12,587 | ||||||
The Progressive Corp. | 16,436 | 448,210 | ||||||
The Travelers Cos., Inc. | 10,395 | 941,163 | ||||||
Torchmark Corp. | 2,471 | 193,109 | ||||||
Tower Group International, Ltd. (b) | 1,562 | 5,280 | ||||||
United Fire Group, Inc. | 586 | 16,795 | ||||||
Universal Insurance Holdings, Inc. (b) | 780 | 11,294 | ||||||
Unum Group | 7,306 | 256,294 | ||||||
Validus Holdings, Ltd. | 2,835 | 114,222 | ||||||
W.R. Berkley Corp. | 2,982 | 129,389 | ||||||
White Mountains Insurance Group, Ltd. | 196 | 118,204 | ||||||
XL Group PLC | 7,895 | 251,377 | ||||||
18,169,026 | ||||||||
INTERNET & CATALOG RETAIL — 1.3% | ||||||||
Amazon.com, Inc. (a) | 10,032 | 4,000,661 | ||||||
Blue Nile, Inc. (a)(b) | 292 | 13,750 | ||||||
Expedia, Inc. | 2,853 | 198,740 | ||||||
FTD Cos., Inc. (a)(b) | 506 | 16,485 | ||||||
Groupon, Inc. (a)(b) | 11,416 | 134,366 | ||||||
HomeAway, Inc. (a)(b) | 1,562 | 63,855 | ||||||
HSN, Inc. | 926 | 57,690 | ||||||
Liberty Interactive Corp. (Class A) (a) | 14,368 | 421,701 | ||||||
Liberty Ventures, (Series A) (a) | 1,147 | 140,611 | ||||||
Netflix, Inc. (a) | 1,426 | 525,010 | ||||||
NutriSystem, Inc. | 780 | 12,823 | ||||||
Orbitz Worldwide, Inc. (a) | 682 | 4,897 | ||||||
Overstock.com, Inc. (a) | 292 | 8,991 | ||||||
PetMed Express, Inc. (b) | 586 | 9,745 | ||||||
Priceline.com, Inc. (a) | 1,407 | 1,635,497 | ||||||
Shutterfly, Inc. (a)(b) | 1,074 | 54,699 | ||||||
TripAdvisor, Inc. (a) | 3,049 | 252,549 | ||||||
ValueVision Media, Inc. (Class A) (a) | 1,074 | 7,507 | ||||||
7,559,577 | ||||||||
INTERNET SOFTWARE & SERVICES — 3.0% | ||||||||
Akamai Technologies, Inc. (a) | 4,858 | 229,200 | ||||||
Angie’s List, Inc. (a)(b) | 1,170 | 17,726 | ||||||
AOL, Inc. (a) | 2,147 | 100,093 | ||||||
Bankrate, Inc. (a)(b) | 1,268 | 22,748 | ||||||
Bazaarvoice, Inc. (a)(b) | 1,268 | 10,043 | ||||||
Blucora, Inc. (a) | 1,074 | 31,318 | ||||||
Brightcove, Inc. (a) | 780 | 11,029 | ||||||
comScore, Inc. (a) | 976 | 27,923 | ||||||
Constant Contact, Inc. (a) | 878 | 27,279 | ||||||
Cornerstone OnDemand, Inc. (a) | 1,074 | 57,287 | ||||||
CoStar Group, Inc. (a) | 780 | 143,972 | ||||||
Dealertrack Technologies, Inc. (a) | 1,170 | 56,254 | ||||||
Demand Media, Inc. (a)(b) | 976 | 5,632 |
See accompanying notes to financial statements.
129
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Demandware, Inc. (a) | 390 | $ | 25,007 | |||||
Dice Holdings, Inc. (a) | 1,074 | 7,787 | ||||||
Digital River, Inc. (a) | 976 | 18,056 | ||||||
E2open, Inc. (a)(b) | 390 | 9,325 | ||||||
EarthLink, Inc. | 2,812 | 14,257 | ||||||
eBay, Inc. (a) | 35,673 | 1,958,091 | ||||||
Envestnet, Inc. (a) | 586 | 23,616 | ||||||
Equinix, Inc. (a) | 1,343 | 238,315 | ||||||
Facebook, Inc. (Class A) (a) | 46,836 | 2,560,056 | ||||||
Global Eagle Entertainment, Inc. (a) | 586 | 8,714 | ||||||
Google, Inc. (Class A) (a) | 7,318 | 8,201,356 | ||||||
IAC/InterActiveCorp. | 2,051 | 140,883 | ||||||
Internap Network Services Corp. (a) | 1,468 | 11,039 | ||||||
IntraLinks Holdings, Inc. (a) | 1,074 | 13,006 | ||||||
j2 Global, Inc. (b) | 1,268 | 63,413 | ||||||
LinkedIn Corp. (Class A) (a) | 2,740 | 594,114 | ||||||
Liquidity Services, Inc. (a) | 682 | 15,454 | ||||||
LivePerson, Inc. (a)(b) | 1,464 | 21,696 | ||||||
LogMeIn, Inc. (a)(b) | 682 | 22,881 | ||||||
Millennial Media, Inc. (a)(b) | 976 | 7,096 | ||||||
Monster Worldwide, Inc. (a) | 3,151 | 22,467 | ||||||
Move, Inc. (a) | 1,074 | 17,173 | ||||||
NIC, Inc. | 1,756 | 43,672 | ||||||
OpenTable, Inc. (a)(b) | 586 | 46,511 | ||||||
Pandora Media, Inc. (a) | 4,412 | 117,359 | ||||||
Perficient, Inc. (a) | 878 | 20,563 | ||||||
QuinStreet, Inc. (a)(b) | 878 | 7,630 | ||||||
Rackspace Hosting, Inc. (a)(b) | 3,024 | 118,329 | ||||||
Responsys, Inc. (a) | 976 | 26,752 | ||||||
SciQuest, Inc. (a)(b) | 586 | 16,689 | ||||||
Shutterstock, Inc. (a)(b) | 196 | 16,391 | ||||||
SPS Commerce, Inc. (a) | 390 | 25,467 | ||||||
Stamps.com, Inc. (a) | 390 | 16,419 | ||||||
support.com, Inc. (a) | 1,366 | 5,177 | ||||||
Travelzoo, Inc. (a) | 196 | 4,179 | ||||||
Trulia, Inc. (a)(b) | 787 | 27,757 | ||||||
Twitter, Inc. (a)(b) | 2,200 | 140,030 | ||||||
United Online, Inc. (b) | 362 | 4,981 | ||||||
ValueClick, Inc. (a)(b) | 2,048 | 47,862 | ||||||
VeriSign, Inc. (a)(b) | 3,846 | 229,914 | ||||||
VistaPrint NV (a) | 878 | 49,914 | ||||||
Vocus, Inc. (a)(b) | 488 | 5,558 | ||||||
Web.com Group, Inc. (a) | 1,170 | 37,194 | ||||||
WebMD Health Corp. (a)(b) | 799 | 31,561 | ||||||
XO Group, Inc. (a) | 682 | 10,135 | ||||||
Yahoo!, Inc. (a) | 24,403 | 986,857 | ||||||
Yelp, Inc. (a) | 780 | 53,781 | ||||||
Zillow, Inc. (Class A) (a)(b) | 586 | 47,894 | ||||||
Zix Corp. (a)(b) | 1,658 | 7,560 | ||||||
16,880,442 | ||||||||
IT SERVICES — 3.5% | ||||||||
Accenture PLC (Class A) | 17,657 | 1,451,759 | ||||||
Acxiom Corp. (a) | 2,048 | 75,735 | ||||||
Alliance Data Systems Corp. (a)(b) | 1,378 | 362,318 | ||||||
Amdocs, Ltd. | 4,390 | 181,044 | ||||||
Automatic Data Processing, Inc. | 13,233 | 1,069,359 | ||||||
Blackhawk Network Holdings, Inc. (a)(b) | 292 | 7,376 | ||||||
Booz Allen Hamilton Holding Corp. (b) | 878 | 16,814 | ||||||
Broadridge Financial Solutions, Inc. | 3,279 | 129,586 | ||||||
CACI International, Inc. (Class A) (a)(b) | 586 | 42,907 | ||||||
Cardtronics, Inc. (a) | 1,268 | 55,095 | ||||||
Cass Information Systems, Inc. (b) | 292 | 19,666 | ||||||
CIBER, Inc. (a) | 2,048 | 8,479 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 8,204 | 828,440 | ||||||
Computer Sciences Corp. | 4,114 | 229,890 | ||||||
Computer Task Group, Inc. | 390 | 7,371 | ||||||
Convergys Corp. | 2,830 | 59,572 | ||||||
CoreLogic, Inc. (a) | 2,634 | 93,586 | ||||||
CSG Systems International, Inc. (b) | 878 | 25,813 | ||||||
DST Systems, Inc. | 878 | 79,670 | ||||||
EPAM Systems, Inc. (a) | 586 | 20,475 | ||||||
Euronet Worldwide, Inc. (a) | 1,366 | 65,363 | ||||||
EVERTEC, Inc. | 780 | 19,235 | ||||||
ExlService Holdings, Inc. (a) | 878 | 24,250 | ||||||
Fidelity National Information Services, Inc. | 8,002 | 429,547 | ||||||
Fiserv, Inc. (a) | 7,292 | 430,593 | ||||||
FleetCor Technologies, Inc. (a) | 1,854 | 217,233 | ||||||
Forrester Research, Inc. | 390 | 14,921 | ||||||
Gartner, Inc. (a) | 2,536 | 180,183 | ||||||
Genpact, Ltd. (a) | 4,586 | 84,245 | ||||||
Global Cash Access Holdings, Inc. (a) | 1,756 | 17,542 | ||||||
Global Payments, Inc. | 2,048 | 133,100 | ||||||
Heartland Payment Systems, Inc. | 976 | 48,644 | ||||||
Higher One Holdings, Inc. (a) | 878 | 8,569 | ||||||
iGate Corp. (a) | 976 | 39,196 | ||||||
International Business Machines Corp. | 28,479 | 5,341,806 | ||||||
Jack Henry & Associates, Inc. | 2,386 | 141,275 | ||||||
Leidos Holdings, Inc. (b) | 1,978 | 91,957 | ||||||
Lender Processing Services, Inc. | 2,346 | 87,693 | ||||||
ManTech International Corp. (Class A) | 682 | 20,412 | ||||||
Mastercard, Inc. (Class A) | 3,142 | 2,625,015 | ||||||
MAXIMUS, Inc. | 1,854 | 81,557 | ||||||
MoneyGram International, Inc. (a) | 586 | 12,177 | ||||||
NeuStar, Inc. (Class A) (a)(b) | 1,756 | 87,554 | ||||||
Paychex, Inc. (b) | 8,810 | 401,119 | ||||||
Sapient Corp. (a) | 3,024 | 52,497 | ||||||
Science Applications International Corp. | 1,129 | 37,336 | ||||||
ServiceSource International, Inc. (a) | 1,658 | 13,894 | ||||||
Sykes Enterprises, Inc. (a) | 1,074 | 23,424 | ||||||
Syntel, Inc. | 390 | 35,471 | ||||||
TeleTech Holdings, Inc. (a) | 586 | 14,029 | ||||||
Teradata Corp. (a) | 4,457 | 202,749 | ||||||
The Western Union Co. (b) | 15,185 | 261,941 | ||||||
Total System Services, Inc. | 4,426 | 147,297 | ||||||
Unisys Corp. (a) | 1,207 | 40,519 | ||||||
Vantiv, Inc. (a)(b) | 2,342 | 76,373 | ||||||
VeriFone Systems, Inc. (a) | 2,920 | 78,314 | ||||||
Virtusa Corp. (a)(b) | 586 | 22,321 | ||||||
Visa, Inc. (Class A) | 14,258 | 3,174,971 | ||||||
WEX, Inc. (a) | 1,074 | 106,358 | ||||||
19,655,635 | ||||||||
See accompanying notes to financial statements.
130
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Arctic Cat, Inc. | 390 | $ | 22,222 | |||||
Black Diamond, Inc. (a) | 586 | 7,811 | ||||||
Brunswick Corp. | 2,504 | 115,334 | ||||||
Callaway Golf Co. | 1,952 | 16,455 | ||||||
Hasbro, Inc. (b) | 3,088 | 169,871 | ||||||
JAKKS Pacific, Inc. (b) | 488 | 3,284 | ||||||
Leapfrog Enterprises, Inc. (a)(b) | 1,756 | 13,943 | ||||||
Mattel, Inc. | 9,438 | 449,060 | ||||||
Nautilus, Inc. (a) | 878 | 7,402 | ||||||
Polaris Industries, Inc. | 1,756 | 255,744 | ||||||
Smith & Wesson Holding Corp. (a)(b) | 1,756 | 23,689 | ||||||
Sturm Ruger & Co, Inc. (b) | 488 | 35,668 | ||||||
1,120,483 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.6% | ||||||||
Affymetrix, Inc. (a) | 1,912 | 16,386 | ||||||
Agilent Technologies, Inc. | 9,467 | 541,418 | ||||||
Albany Molecular Research, Inc. (a)(b) | 586 | 5,907 | ||||||
Bio-Rad Laboratories, Inc. (Class A) (a) | 586 | 72,436 | ||||||
Bruker Corp. (a) | 3,024 | 59,785 | ||||||
Cambrex Corp. (a) | 780 | 13,907 | ||||||
Charles River Laboratories International, Inc. (a) | 1,372 | 72,771 | ||||||
Covance, Inc. (a) | 1,501 | 132,178 | ||||||
Fluidigm Corp. (a)(b) | 682 | 26,134 | ||||||
Furiex Pharmaceuticals, Inc. (a)(b) | 196 | 8,234 | ||||||
Illumina, Inc. (a)(b) | 3,540 | 391,595 | ||||||
Life Technologies Corp. (a) | 4,683 | 354,971 | ||||||
Luminex Corp. (a) | 976 | 18,934 | ||||||
PAREXEL International Corp. (a) | 1,562 | 70,571 | ||||||
PerkinElmer, Inc. | 3,005 | 123,896 | ||||||
Qiagen NV (a) | 6,342 | 151,003 | ||||||
Quintiles Transnational Holdings, Inc. (a) | 780 | 36,145 | ||||||
Sequenom, Inc. (a)(b) | 2,412 | 5,644 | ||||||
Techne Corp. | 982 | 92,966 | ||||||
Thermo Fisher Scientific, Inc. (b) | 9,807 | 1,092,010 | ||||||
Waters Corp. (a) | 2,352 | 235,200 | ||||||
3,522,091 | ||||||||
MACHINERY — 2.2% | ||||||||
Accuride Corp. (a)(b) | 1,074 | 4,006 | ||||||
Actuant Corp. (Class A) (b) | 1,952 | 71,521 | ||||||
AGCO Corp. | 2,669 | 157,978 | ||||||
Alamo Group, Inc. | 196 | 11,895 | ||||||
Albany International Corp. (Class A) (b) | 780 | 28,025 | ||||||
Altra Industrial Motion Corp. (b) | 780 | 26,692 | ||||||
American Railcar Industries, Inc. | 292 | 13,359 | ||||||
Astec Industries, Inc. | 586 | 22,637 | ||||||
Barnes Group, Inc. (b) | 1,464 | 56,086 | ||||||
Blount International, Inc. (a) | 1,366 | 19,766 | ||||||
Briggs & Stratton Corp. (b) | 1,268 | 27,592 | ||||||
Caterpillar, Inc. (b) | 17,941 | 1,629,222 | ||||||
Chart Industries, Inc. (a)(b) | 980 | 93,727 | ||||||
CIRCOR International, Inc. | 488 | 39,421 | ||||||
CLARCOR, Inc. | 1,329 | 85,521 | ||||||
Colfax Corp. (a) | 2,342 | 149,162 | ||||||
Columbus McKinnon Corp. (a) | 488 | 13,244 | ||||||
Commercial Vehicle Group, Inc. (a)(b) | 658 | 4,784 | ||||||
Crane Co. | 1,349 | 90,720 | ||||||
Cummins, Inc. | 5,323 | 750,383 | ||||||
Deere & Co. (b) | 10,572 | 965,541 | ||||||
Donaldson Co., Inc. | 3,966 | 172,362 | ||||||
Douglas Dynamics, Inc. (b) | 586 | 9,857 | ||||||
Dover Corp. | 4,810 | 464,357 | ||||||
Dynamic Materials Corp. | 390 | 8,479 | ||||||
Energy Recovery, Inc. (a)(b) | 1,170 | 6,505 | ||||||
EnPro Industries, Inc. (a)(b) | 586 | 33,783 | ||||||
ESCO Technologies, Inc. | 682 | 23,365 | ||||||
Federal Signal Corp. (a) | 1,719 | 25,183 | ||||||
Flowserve Corp. | 3,908 | 308,068 | ||||||
Freightcar America, Inc. (b) | 292 | 7,773 | ||||||
Graco, Inc. | 1,652 | 129,054 | ||||||
Graham Corp. | 292 | 10,597 | ||||||
Harsco Corp. | 2,221 | 62,255 | ||||||
Hurco Cos., Inc. | 196 | 4,902 | ||||||
Hyster-Yale Materials Handling, Inc. | 258 | 24,035 | ||||||
IDEX Corp. | 2,279 | 168,304 | ||||||
Illinois Tool Works, Inc. | 10,267 | 863,249 | ||||||
Ingersoll-Rand PLC | 8,096 | 498,714 | ||||||
ITT Corp. | 2,485 | 107,899 | ||||||
John Bean Technologies Corp. | 811 | 23,787 | ||||||
Joy Global, Inc. (b) | 2,849 | 166,638 | ||||||
Kadant, Inc. | �� | 292 | 11,832 | |||||
Kennametal, Inc. (b) | 2,146 | 111,742 | ||||||
L.B. Foster Co. (Class A) | 292 | 13,809 | ||||||
Lincoln Electric Holdings, Inc. | 2,268 | 161,799 | ||||||
Lindsay Corp. (b) | 390 | 32,273 | ||||||
Lydall, Inc. (a) | 488 | 8,599 | ||||||
Meritor, Inc. (a) | 2,678 | 27,932 | ||||||
Middleby Corp. (a) | 588 | 141,102 | ||||||
Mueller Industries, Inc. | 780 | 49,148 | ||||||
Mueller Water Products, Inc. (Class A) | 4,254 | 39,860 | ||||||
Navistar International Corp. (a)(b) | 1,476 | 56,368 | ||||||
Nordson Corp. | 1,756 | 130,471 | ||||||
Oshkosh Corp. | 2,433 | 122,575 | ||||||
PACCAR, Inc. | 9,580 | 566,849 | ||||||
Pall Corp. | 2,987 | 254,940 | ||||||
Parker Hannifin Corp. | 4,086 | 525,623 | ||||||
Pentair, Ltd. | 5,527 | 429,282 | ||||||
Proto Labs, Inc. (a)(b) | 488 | 34,736 | ||||||
RBC Bearings, Inc. (a) | 586 | 41,460 | ||||||
Rexnord Corp. (a) | 780 | 21,068 | ||||||
Snap-On, Inc. | 1,562 | 171,070 | ||||||
SPX Corp. | 1,241 | 123,616 | ||||||
Standex International Corp. | 390 | 24,523 | ||||||
Stanley Black & Decker, Inc. | 4,391 | 354,310 | ||||||
Sun Hydraulics Corp. | 586 | 23,926 | ||||||
Tecumseh Products Co. (Class A) (a)(b) | 488 | 4,416 | ||||||
Tennant Co. (b) | 488 | 33,091 | ||||||
Terex Corp. | 2,979 | 125,088 | ||||||
The Exone Co. (a) | 196 | 11,850 | ||||||
The Gorman-Rupp Co. | 487 | 16,280 |
See accompanying notes to financial statements.
131
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
The Greenbrier Cos., Inc. (a)(b) | 682 | $ | 22,397 | |||||
The Manitowoc Co., Inc. | 3,604 | 84,045 | ||||||
The Toro Co. | 1,562 | 99,343 | ||||||
Timken Co. | 2,304 | 126,881 | ||||||
Titan International, Inc. | 1,464 | 26,323 | ||||||
TriMas Corp. (a) | 1,574 | 62,787 | ||||||
Trinity Industries, Inc. | 2,146 | 117,000 | ||||||
Valmont Industries, Inc. (b) | 882 | 131,524 | ||||||
Wabash National Corp. (a)(b) | 1,854 | 22,897 | ||||||
WABCO Holdings, Inc. (a) | 1,594 | 148,896 | ||||||
Wabtec Corp. | 2,634 | 195,627 | ||||||
Watts Water Technologies, Inc. (Class A) | 775 | 47,949 | ||||||
Woodward, Inc. | 1,854 | 84,561 | ||||||
Xylem, Inc. | 5,013 | 173,450 | ||||||
12,393,766 | ||||||||
MARINE — 0.0% (d) | ||||||||
Kirby Corp. (a) | 1,562 | 155,028 | ||||||
Matson, Inc. | 1,170 | 30,549 | ||||||
185,577 | ||||||||
MATERIALS — 0.1% | ||||||||
PPG Industries, Inc. | 3,935 | 746,312 | ||||||
MEDIA — 3.9% | ||||||||
AMC Networks, Inc. (Class A) (a) | 1,664 | 113,335 | ||||||
Cablevision Systems Corp. (Class A) (b) | 5,304 | 95,101 | ||||||
Carmike Cinemas, Inc. (a) | 488 | 13,586 | ||||||
CBS Corp. | 16,682 | 1,063,311 | ||||||
Central European Media Enterprises, Ltd. (Class A) (a)(b) | 2,048 | 7,864 | ||||||
Charter Communications, Inc. (Class A) (a) | 1,956 | 267,502 | ||||||
Cinemark Holdings, Inc. | 3,122 | 104,056 | ||||||
Clear Channel Outdoor Holdings, Inc. (Class A) | 1,170 | 11,864 | ||||||
Comcast Corp. (Class A) | 71,843 | 3,733,321 | ||||||
Cumulus Media, Inc. (Class A) (a)(b) | 2,048 | 15,831 | ||||||
Dex Media, Inc. (a)(b) | 488 | 3,309 | ||||||
DIRECTV (Class A) (a) | 13,413 | 926,704 | ||||||
Discovery Communications, Inc. (Series A) (a) | 6,643 | 600,660 | ||||||
DISH Network Corp. (Class A) (a) | 5,651 | 327,306 | ||||||
DreamWorks Animation SKG, Inc. (Class A) (a)(b) | 2,048 | 72,704 | ||||||
Entercom Communications Corp. (Class A) (a)(b) | 682 | 7,168 | ||||||
Entravision Communications Corp. (Class A) | 1,464 | 8,916 | ||||||
Gannett Co., Inc. | 6,216 | 183,869 | ||||||
Gray Television, Inc. (a) | 1,366 | 20,326 | ||||||
Harte-Hanks, Inc. | 1,170 | 9,149 | ||||||
John Wiley & Sons, Inc. (Class A) (b) | 1,268 | 69,994 | ||||||
Journal Communications, Inc. (Class A) (a) | 1,157 | 10,772 | ||||||
Lamar Advertising Co. (Class A) (a) | 2,107 | 110,091 | ||||||
Liberty Global PLC (Class A) (a) | 10,918 | 971,593 | ||||||
Liberty Media Corp. (Class A) (a) | 2,788 | 408,303 | ||||||
LIN Media LLC (Class A) (a) | 780 | 22,394 | ||||||
Lions Gate Entertainment Corp. (b) | 2,244 | 71,045 | ||||||
Live Nation Entertainment, Inc. (a) | 3,781 | 74,713 | ||||||
Loral Space & Communications, Inc. (a) | 390 | 31,582 | ||||||
McGraw Hill Financial, Inc. | 7,490 | 585,718 | ||||||
MDC Partners, Inc. (Class A) | 1,023 | 26,097 | ||||||
Media General, Inc. (Class A) (a)(b) | 488 | 11,029 | ||||||
Meredith Corp. | 976 | 50,557 | ||||||
Morningstar, Inc. | 586 | 45,761 | ||||||
National CineMedia, Inc. | 1,562 | 31,177 | ||||||
News Corp. (Class A) (a) | 13,530 | 243,811 | ||||||
Nexstar Broadcasting Group, Inc. (Class A) | 780 | 43,469 | ||||||
Omnicom Group, Inc. | 6,992 | 519,995 | ||||||
Regal Entertainment Group (Class A) (b) | 2,244 | 43,646 | ||||||
Rentrak Corp. (a)(b) | 292 | 11,064 | ||||||
Scholastic Corp. (b) | 682 | 23,195 | ||||||
Scripps Networks Interactive, Inc. (Class A) | 2,990 | 258,366 | ||||||
Sinclair Broadcast Group, Inc. (Class A) | 1,854 | 66,243 | ||||||
Sirius XM Holdings, Inc. (a)(b) | 83,931 | 292,919 | ||||||
Starz (Class A) (a) | 3,178 | 92,925 | ||||||
The E.W. Scripps Co. (Class A) (a) | 878 | 19,070 | ||||||
The Interpublic Group of Cos., Inc. | 11,684 | 206,807 | ||||||
The Madison Square Garden Co. (Class A) (a) | 1,664 | 95,813 | ||||||
The New York Times Co. (Class A) (b) | 3,317 | 52,641 | ||||||
The Walt Disney Co. | 49,342 | 3,769,729 | ||||||
Thomson Reuters Corp. | 10,148 | 383,797 | ||||||
Time Warner Cable, Inc. | 8,069 | 1,093,349 | ||||||
Time Warner, Inc. | 25,646 | 1,788,039 | ||||||
Twenty-First Century Fox, Inc. | 54,626 | 1,921,743 | ||||||
Valassis Communications, Inc. (b) | 1,082 | 37,058 | ||||||
Viacom, Inc. (Class B) | 12,182 | 1,063,976 | ||||||
World Wrestling Entertainment, Inc. (Class A) (b) | 780 | 12,932 | ||||||
22,147,295 | ||||||||
METALS & MINING — 0.7% | ||||||||
A.M. Castle & Co. (a)(b) | 488 | 7,208 | ||||||
AK Steel Holding Corp. (a)(b) | 3,668 | 30,078 | ||||||
Alcoa, Inc. (b) | 29,066 | 308,972 | ||||||
Allegheny Technologies, Inc. | 2,836 | 101,047 | ||||||
Allied Nevada Gold Corp. (a)(b) | 2,820 | 10,011 | ||||||
AMCOL International Corp. | 780 | 26,504 | ||||||
Carpenter Technology Corp. | 1,268 | 78,870 | ||||||
Century Aluminum Co. (a) | 1,361 | 14,236 | ||||||
Cliffs Natural Resources, Inc. (b) | 4,148 | 108,719 | ||||||
Coeur Mines, Inc. (a) | 2,768 | 30,033 | ||||||
Commercial Metals Co. | 3,168 | 64,405 | ||||||
Compass Minerals International, Inc. (b) | 878 | 70,284 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 28,164 | 1,062,909 | ||||||
Globe Specialty Metals, Inc. | 1,756 | 31,626 | ||||||
Gold Resource Corp. (b) | 878 | 3,977 | ||||||
Haynes International, Inc. | 292 | 16,130 |
See accompanying notes to financial statements.
132
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Hecla Mining Co. (b) | 9,074 | $ | 27,948 | |||||
Horsehead Holding Corp. (a)(b) | 1,170 | 18,966 | ||||||
Kaiser Aluminum Corp. (b) | 488 | 34,277 | ||||||
Materion Corp. | 586 | 18,078 | ||||||
Molycorp, Inc. (a)(b) | 3,356 | 18,861 | ||||||
Newmont Mining Corp. | 13,381 | 308,164 | ||||||
Nucor Corp. | 8,641 | 461,257 | ||||||
Olympic Steel, Inc. | 292 | 8,462 | ||||||
Reliance Steel & Aluminum Co. | 2,108 | 159,871 | ||||||
Royal Gold, Inc. (b) | 1,760 | 81,083 | ||||||
RTI International Metals, Inc. (a) | 878 | 30,036 | ||||||
Schnitzer Steel Industries, Inc. (Class A) (b) | 742 | 24,241 | ||||||
Southern Copper Corp. | 4,292 | 123,223 | ||||||
Steel Dynamics, Inc. | 6,039 | 118,002 | ||||||
Stillwater Mining Co. (a) | 3,220 | 39,735 | ||||||
SunCoke Energy, Inc. (a) | 1,864 | 42,518 | ||||||
Tahoe Resources, Inc. (a)(b) | 2,342 | 38,971 | ||||||
United States Steel Corp. (b) | 3,934 | 116,053 | ||||||
Universal Stainless & Alloy Products, Inc. (a) | 196 | 7,068 | ||||||
US Silica Holdings, Inc. | 586 | 19,988 | ||||||
Walter Energy, Inc. (b) | 1,699 | 28,254 | ||||||
Worthington Industries, Inc. | 1,428 | 60,090 | ||||||
3,750,155 | ||||||||
MULTI-UTILITIES — 1.0% | ||||||||
Alliant Energy Corp. | 2,976 | 153,562 | ||||||
Ameren Corp. | 6,617 | 239,271 | ||||||
Avista Corp. | 1,658 | 46,739 | ||||||
Black Hills Corp. | 1,170 | 61,437 | ||||||
CenterPoint Energy, Inc. | 11,610 | 269,120 | ||||||
CMS Energy Corp. | 7,214 | 193,119 | ||||||
Consolidated Edison, Inc. | 8,010 | 442,793 | ||||||
Dominion Resources, Inc. | 15,982 | 1,033,875 | ||||||
DTE Energy Co. | 4,779 | 317,278 | ||||||
Integrys Energy Group, Inc. (b) | 2,146 | 116,764 | ||||||
MDU Resources Group, Inc. | 5,172 | 158,005 | ||||||
NiSource, Inc. | 8,479 | 278,789 | ||||||
NorthWestern Corp. | 1,074 | 46,526 | ||||||
PG&E Corp. | 12,019 | 484,125 | ||||||
Public Service Enterprise Group, Inc. | 13,779 | 441,479 | ||||||
SCANA Corp. (b) | 3,806 | 178,615 | ||||||
Sempra Energy | 6,632 | 595,288 | ||||||
TECO Energy, Inc. (b) | 5,909 | 101,871 | ||||||
Vectren Corp. | 2,244 | 79,662 | ||||||
Wisconsin Energy Corp. (b) | 6,254 | 258,540 | ||||||
5,496,858 | ||||||||
MULTILINE RETAIL — 0.6% | ||||||||
Big Lots, Inc. (a) | 1,591 | 51,373 | ||||||
Dillard’s, Inc. (Class A) | 710 | 69,019 | ||||||
Dollar General Corp. (a) | 8,878 | 535,521 | ||||||
Dollar Tree, Inc. (a) | 6,093 | 343,767 | ||||||
Family Dollar Stores, Inc. | 2,637 | 171,326 | ||||||
Fred’s, Inc. (Class A) | 976 | 18,076 | ||||||
J.C. Penney Co., Inc. (a)(b) | 8,206 | 75,085 | ||||||
Kohl’s Corp. (b) | 6,084 | 345,267 | ||||||
Macy’s, Inc. | 10,445 | 557,763 | ||||||
Nordstrom, Inc. (b) | 3,944 | 243,739 | ||||||
Sears Holdings Corp. (a)(b) | 1,190 | 58,358 | ||||||
Target Corp. | 17,642 | 1,116,209 | ||||||
The Bon-Ton Stores, Inc. (b) | 390 | 6,349 | ||||||
Tuesday Morning Corp. (a)(b) | 1,170 | 18,673 | ||||||
3,610,525 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Xerox Corp. | 33,433 | 406,880 | ||||||
Zebra Technologies Corp. (Class A) (a) | 1,395 | 75,441 | ||||||
482,321 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 7.5% | ||||||||
Abraxas Petroleum Corp. (a)(b) | 2,206 | 7,236 | ||||||
Adams Resources & Energy, Inc. | 32 | 2,192 | ||||||
Alon USA Energy, Inc. (b) | 586 | 9,692 | ||||||
Alpha Natural Resources, Inc. (a)(b) | 6,003 | 42,861 | ||||||
Anadarko Petroleum Corp. | 13,661 | 1,083,591 | ||||||
Antero Resources Corp. (a) | 1,000 | 63,440 | ||||||
Apache Corp. | 10,665 | 916,550 | ||||||
Approach Resources, Inc. (a)(b) | 958 | 18,480 | ||||||
Arch Coal, Inc. (b) | 5,742 | 25,552 | ||||||
Bill Barrett Corp. (a)(b) | 1,366 | 36,581 | ||||||
Bonanza Creek Energy, Inc. (a) | 780 | 33,907 | ||||||
BPZ Resources, Inc. (a)(b) | 3,246 | 5,908 | ||||||
Cabot Oil & Gas Corp. | 11,434 | 443,182 | ||||||
Carrizo Oil & Gas, Inc. (a) | 1,074 | 48,083 | ||||||
Cheniere Energy, Inc. (a) | 6,538 | 281,919 | ||||||
Chesapeake Energy Corp. | 15,773 | 428,079 | ||||||
Chevron Corp. | 52,996 | 6,619,730 | ||||||
Cimarex Energy Co. | 2,380 | 249,686 | ||||||
Clayton Williams Energy, Inc. (a) | 180 | 14,751 | ||||||
Clean Energy Fuels Corp. (a)(b) | 1,854 | 23,880 | ||||||
Cloud Peak Energy, Inc. (a) | 1,658 | 29,844 | ||||||
Cobalt International Energy, Inc. (a) | 7,512 | 123,572 | ||||||
Comstock Resources, Inc. (b) | 1,268 | 23,192 | ||||||
Concho Resources, Inc. (a) | 2,872 | 310,176 | ||||||
ConocoPhillips | 33,586 | 2,372,851 | ||||||
CONSOL Energy, Inc. | 6,204 | 236,000 | ||||||
Contango Oil & Gas Co. (a) | 378 | 17,864 | ||||||
Continental Resources, Inc. (a)(b) | 1,170 | 131,648 | ||||||
Crosstex Energy, Inc. (b) | 1,268 | 45,851 | ||||||
CVR Energy, Inc. (b) | 390 | 16,938 | ||||||
Delek US Holdings, Inc. | 976 | 33,584 | ||||||
Denbury Resources, Inc. (a) | 10,126 | 166,370 | ||||||
Devon Energy Corp. | 11,028 | 682,302 | ||||||
Diamondback Energy, Inc. (a) | 488 | 25,796 | ||||||
Emerald Oil, Inc. (a) | 976 | 7,476 | ||||||
Energen Corp. | 1,952 | 138,104 | ||||||
Energy XXI Bermuda, Ltd. (b) | 2,146 | 58,071 | ||||||
EOG Resources, Inc. | 7,461 | 1,252,254 | ||||||
EPL Oil & Gas, Inc. (a) | 780 | 22,230 | ||||||
EQT Corp. | 4,098 | 367,918 | ||||||
EXCO Resources, Inc. (b) | 3,712 | 19,711 | ||||||
Exxon Mobil Corp. | 121,256 | 12,271,107 | ||||||
Forest Oil Corp. (a) | 3,198 | 11,545 | ||||||
GasLog, Ltd. | 682 | 11,655 | ||||||
Golar LNG, Ltd. (b) | 1,170 | 42,459 | ||||||
Goodrich Petroleum Corp. (a)(b) | 718 | 12,220 |
See accompanying notes to financial statements.
133
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Green Plains Renewable Energy, Inc. (b) | 682 | $ | 13,224 | |||||
Gulfport Energy Corp. (a) | 2,146 | 135,520 | ||||||
Halcon Resources Corp. (a)(b) | 5,658 | 21,840 | ||||||
Hess Corp. | 8,382 | 695,706 | ||||||
HollyFrontier Corp. (b) | 5,515 | 274,040 | ||||||
Kinder Morgan, Inc. | 17,988 | 647,568 | ||||||
KiOR, Inc. (Class A) (a)(b) | 1,170 | 1,966 | ||||||
Kodiak Oil & Gas Corp. (a) | 7,220 | 80,936 | ||||||
Kosmos Energy, Ltd. (a) | 2,732 | 30,544 | ||||||
Laredo Petroleum Holdings, Inc. (a) | 1,074 | 29,739 | ||||||
Magnum Hunter Resources Corp. (a)(b) | 4,684 | 34,240 | ||||||
Marathon Oil Corp. | 19,257 | 679,772 | ||||||
Marathon Petroleum Corp. | 8,197 | 751,911 | ||||||
Matador Resources Co. (a) | 1,366 | 25,462 | ||||||
Murphy Oil Corp. (b) | 5,174 | 335,689 | ||||||
Newfield Exploration Co. (a) | 3,710 | 91,377 | ||||||
Noble Energy, Inc. | 9,928 | 676,196 | ||||||
Nordic American Tanker Shipping, Ltd. (b) | 1,756 | 17,033 | ||||||
Northern Oil and Gas, Inc. (a)(b) | 1,756 | 26,463 | ||||||
Oasis Petroleum, Inc. (a) | 2,536 | 119,116 | ||||||
Occidental Petroleum Corp. | 22,111 | 2,102,756 | ||||||
Panhandle Oil & Gas, Inc. (Class A) | 226 | 7,551 | ||||||
PBF Energy, Inc. (b) | 682 | 21,456 | ||||||
PDC Energy, Inc. (a) | 1,180 | 62,800 | ||||||
Peabody Energy Corp. | 7,371 | 143,956 | ||||||
Penn Virginia Corp. (a) | 1,464 | 13,806 | ||||||
PetroQuest Energy, Inc. (a) | 1,562 | 6,748 | ||||||
Phillips 66 | 17,114 | 1,320,003 | ||||||
Pioneer Natural Resources Co. | 3,744 | 689,158 | ||||||
QEP Resources, Inc. | 4,882 | 149,633 | ||||||
Quicksilver Resources, Inc. (a)(b) | 1,378 | 4,230 | ||||||
Range Resources Corp. | 4,452 | 375,348 | ||||||
Renewable Energy Group, Inc. (a) | 586 | 6,716 | ||||||
Rentech, Inc. (a)(b) | 6,146 | 10,756 | ||||||
Resolute Energy Corp. (a)(b) | 1,854 | 16,742 | ||||||
REX American Resources Corp. (a) | 196 | 8,763 | ||||||
Rex Energy Corp. (a) | 1,212 | 23,889 | ||||||
Rosetta Resources, Inc. (a) | 1,658 | 79,650 | ||||||
Sanchez Energy Corp. (a)(b) | 1,480 | 36,275 | ||||||
SandRidge Energy, Inc. (a)(b) | 13,468 | 81,751 | ||||||
Scorpio Tankers, Inc. | 6,190 | 72,980 | ||||||
SemGroup Corp.(Class A) | 1,170 | 76,319 | ||||||
Ship Finance International, Ltd. (b) | 1,366 | 22,375 | ||||||
SM Energy Co. | 1,821 | 151,343 | ||||||
Solazyme, Inc. (a)(b) | 1,268 | 13,809 | ||||||
Southwestern Energy Co. (a) | 9,598 | 377,489 | ||||||
Spectra Energy Corp. | 18,205 | 648,462 | ||||||
Stone Energy Corp. (a) | 1,366 | 47,250 | ||||||
Swift Energy Co. (a)(b) | 1,170 | 15,795 | ||||||
Synergy Resources Corp. (a) | 1,074 | 9,945 | ||||||
Targa Resources Corp. | 878 | 77,413 | ||||||
Teekay Corp. (b) | 1,074 | 51,563 | ||||||
Tesoro Corp. | 3,666 | 214,461 | ||||||
The Williams Cos., Inc. | 18,606 | 717,633 | ||||||
Triangle Petroleum Corp. (a)(b) | 3,168 | 26,358 | ||||||
Ultra Petroleum Corp. (a)(b) | 4,192 | 90,757 | ||||||
VAALCO Energy, Inc. (a) | 1,562 | 10,762 | ||||||
Valero Energy Corp. | 14,846 | 748,238 | ||||||
W&T Offshore, Inc. (b) | 976 | 15,616 | ||||||
Warren Resources, Inc. (a) | 1,952 | 6,129 | ||||||
Western Refining, Inc. (b) | 1,464 | 62,088 | ||||||
Whiting Petroleum Corp. (a) | 3,220 | 199,221 | ||||||
World Fuel Services Corp. (b) | 1,952 | 84,248 | ||||||
WPX Energy, Inc. (a)(b) | 5,421 | 110,480 | ||||||
ZaZa Energy Corp. (a)(b) | 1,001 | 957 | ||||||
Zion Oil & Gas, Inc. (a)(b) | 494 | 697 | ||||||
42,488,755 | ||||||||
PAPER & FOREST PRODUCTS — 0.3% | ||||||||
Boise Cascade Co. (a) | 390 | 11,497 | ||||||
Clearwater Paper Corp. (a) | 586 | 30,765 | ||||||
Deltic Timber Corp. | 292 | 19,838 | ||||||
Domtar Corp. | 891 | 84,057 | ||||||
International Paper Co. | 12,084 | 592,479 | ||||||
KapStone Paper and Packaging Corp. (a) | 1,074 | 59,994 | ||||||
Louisiana-Pacific Corp. (a) | 3,824 | 70,782 | ||||||
Neenah Paper, Inc. | 390 | 16,680 | ||||||
P.H. Glatfelter Co. | 1,170 | 32,339 | ||||||
Resolute Forest Products, Inc. (a) | 1,854 | 29,701 | ||||||
Schweitzer-Mauduit International, Inc. | 878 | 45,191 | ||||||
Wausau Paper Corp. | 1,366 | 17,321 | ||||||
Weyerhaeuser Co. | 16,328 | 515,475 | ||||||
1,526,119 | ||||||||
PERSONAL PRODUCTS — 0.2% | ||||||||
Avon Products, Inc. | 11,790 | 203,024 | ||||||
Coty, Inc. (Class A) (b) | 2,400 | 36,600 | ||||||
Elizabeth Arden, Inc. (a) | 682 | 24,177 | ||||||
Herbalife, Ltd. (b) | 2,338 | 184,000 | ||||||
Inter Parfums, Inc. | 488 | 17,475 | ||||||
Lifevantage Corp. (a) | 3,122 | 5,151 | ||||||
Medifast, Inc. (a)(b) | 390 | 10,191 | ||||||
Nu Skin Enterprises, Inc. (Class A) | 1,562 | 215,900 | ||||||
Revlon, Inc. (Class A) (a)(b) | 292 | 7,288 | ||||||
Star Scientific, Inc. (a)(b) | 4,488 | 5,206 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 6,347 | 478,056 | ||||||
The Female Health Co. | 586 | 4,981 | ||||||
USANA Health Sciences, Inc. (a)(b) | 196 | 14,814 | ||||||
1,206,863 | ||||||||
PHARMACEUTICALS — 4.9% | ||||||||
AbbVie, Inc. | 43,510 | 2,297,763 | ||||||
AcelRx Pharmaceuticals, Inc. (a)(b) | 586 | 6,628 | ||||||
Actavis PLC (a) | 4,752 | 798,336 | ||||||
Akorn, Inc. (a) | 1,562 | 38,472 | ||||||
Allergan, Inc. | 8,083 | 897,860 | ||||||
Auxilium Pharmaceuticals, Inc. (a)(b) | 1,319 | 27,356 | ||||||
AVANIR Pharmaceuticals, Inc. (Class A) (a)(b) | 3,902 | 13,111 | ||||||
Bristol-Myers Squibb Co. | 45,116 | 2,397,915 | ||||||
Cadence Pharmaceuticals, Inc. (a)(b) | 1,658 | 15,005 | ||||||
DepoMed, Inc. (a) | 1,562 | 16,526 | ||||||
Eli Lilly & Co. | 27,252 | 1,389,852 | ||||||
Endo Health Solutions, Inc. (a) | 3,040 | 205,078 | ||||||
Endocyte, Inc. (a)(b) | 780 | 8,338 |
See accompanying notes to financial statements.
134
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Forest Laboratories, Inc. (a) | 7,269 | $ | 436,358 | |||||
Hi-Tech Pharmacal Co., Inc. (a) | 292 | 12,670 | ||||||
Hospira, Inc. (a) | 4,459 | 184,068 | ||||||
Impax Laboratories, Inc. (a) | 1,854 | 46,610 | ||||||
Jazz Pharmaceuticals PLC (a) | 1,566 | 198,193 | ||||||
Johnson & Johnson | 76,702 | 7,025,136 | ||||||
Lannett Co., Inc. (a) | 488 | 16,153 | ||||||
Mallinckrodt PLC (a)(b) | 1,644 | 85,915 | ||||||
Merck & Co., Inc. | 82,582 | 4,133,229 | ||||||
Mylan, Inc. (a) | 10,325 | 448,105 | ||||||
Nektar Therapeutics (a) | 3,148 | 35,730 | ||||||
Pacira Pharmaceuticals, Inc. (a) | 780 | 44,842 | ||||||
Perrigo Co. PLC | 3,455 | 530,204 | ||||||
Pfizer, Inc. | 182,789 | 5,598,827 | ||||||
Prestige Brands Holdings, Inc. (a) | 1,366 | 48,903 | ||||||
Questcor Pharmaceuticals, Inc. (b) | 1,403 | 76,393 | ||||||
Repros Therapeutics, Inc. (a)(b) | 488 | 8,930 | ||||||
Sagent Pharmaceuticals, Inc. (a)(b) | 488 | 12,385 | ||||||
Salix Pharmaceuticals, Ltd. (a) | 1,658 | 149,121 | ||||||
Sciclone Pharmaceuticals, Inc. (a)(b) | 1,464 | 7,379 | ||||||
The Medicines Co. (a) | 2,162 | 83,496 | ||||||
TherapeuticsMD, Inc. (a) | 2,146 | 11,181 | ||||||
ViroPharma, Inc. (a) | 1,786 | 89,032 | ||||||
VIVUS, Inc. (a)(b) | 2,746 | 24,934 | ||||||
XenoPort, Inc. (a)(b) | 1,170 | 6,727 | ||||||
Zoetis, Inc. | 13,588 | 444,192 | ||||||
27,870,953 | ||||||||
PROFESSIONAL SERVICES �� 0.4% | ||||||||
Acacia Research Corp. (b) | 1,366 | 19,862 | ||||||
Barrett Business Services, Inc. | 196 | 18,177 | ||||||
CBIZ, Inc. (a)(b) | 1,074 | 9,795 | ||||||
CDI Corp. | 390 | 7,227 | ||||||
CRA International, Inc. (a) | 292 | 5,782 | ||||||
Dun & Bradstreet Corp. (b) | 1,122 | 137,725 | ||||||
Equifax, Inc. | 3,301 | 228,066 | ||||||
Exponent, Inc. | 390 | 30,202 | ||||||
FTI Consulting, Inc. (a) | 1,074 | 44,184 | ||||||
GP Strategies Corp. (a) | 390 | 11,618 | ||||||
Heidrick & Struggles International, Inc. | 488 | 9,828 | ||||||
Huron Consulting Group, Inc. (a) | 586 | 36,754 | ||||||
ICF International, Inc. (a) | 488 | 16,938 | ||||||
IHS, Inc. (Class A) (a) | 1,810 | 216,657 | ||||||
Insperity, Inc. | 586 | 21,172 | ||||||
Kelly Services, Inc. (Class A) | 780 | 19,453 | ||||||
Kforce, Inc. | 780 | 15,959 | ||||||
Korn/Ferry International (a) | 1,366 | 35,680 | ||||||
Manpower, Inc. | 2,072 | 177,902 | ||||||
Mistras Group, Inc. (a) | 390 | 8,143 | ||||||
Navigant Consulting, Inc. (a) | 1,366 | 26,227 | ||||||
Nielsen Holdings NV | 5,952 | 273,137 | ||||||
Odyssey Marine Exploration, Inc. (a)(b) | 2,146 | 4,335 | ||||||
On Assignment, Inc. (a) | 1,268 | 44,279 | ||||||
Pendrell Corp. (a) | 4,390 | 8,824 | ||||||
Resources Connection, Inc. | 1,074 | 15,390 | ||||||
Robert Half International, Inc. | 3,826 | 160,654 | ||||||
RPX Corp. (a) | 878 | 14,838 | ||||||
The Advisory Board Co. (a)(b) | 976 | 62,142 | ||||||
The Corporate Executive Board Co. | 878 | 67,984 | ||||||
Towers Watson & Co. (Class A) | 1,756 | 224,083 | ||||||
TrueBlue, Inc. (a) | 1,074 | 27,688 | ||||||
Verisk Analytics, Inc. (Class A) (a) | 4,098 | 269,321 | ||||||
VSE Corp. | 98 | 4,705 | ||||||
WageWorks, Inc. (a) | 682 | 40,538 | ||||||
2,315,269 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.9% | ||||||||
Acadia Realty Trust | 1,464 | 36,351 | ||||||
AG Mortgage Investment Trust, Inc. (b) | 780 | 12,199 | ||||||
Agree Realty Corp. | 402 | 11,666 | ||||||
Alexander’s, Inc. (b) | 98 | 32,340 | ||||||
Alexandria Real Estate Equities, Inc. | 1,952 | 124,186 | ||||||
American Assets Trust, Inc. | 897 | 28,193 | ||||||
American Campus Communities, Inc. | 2,845 | 91,637 | ||||||
American Capital Agency Corp. | 10,830 | 208,911 | ||||||
American Capital Mortgage Investment Corp. (b) | 1,562 | 27,273 | ||||||
American Homes 4 Rent (Class A) | 1,400 | 22,680 | ||||||
American Realty Capital Properties, Inc. | 4,196 | 53,961 | ||||||
American Residential Properties, Inc. (a) | 390 | 6,692 | ||||||
American Tower Corp. | 11,021 | 879,696 | ||||||
AmREIT, Inc. (b) | 488 | 8,198 | ||||||
Annaly Capital Management, Inc. | 25,755 | 256,777 | ||||||
Anworth Mortgage Asset Corp. | 3,902 | 16,427 | ||||||
Apartment Investment & Management Co. (Class A) | 4,004 | 103,744 | ||||||
Apollo Commercial Real Estate Finance, Inc. | 977 | 15,876 | ||||||
Apollo Residential Mortgage, Inc. | 878 | 12,977 | ||||||
Armada Hoffler Properties, Inc. | 488 | 4,529 | ||||||
ARMOUR Residential REIT, Inc. | 10,148 | 40,693 | ||||||
Ashford Hospitality Prime, Inc. | 288 | 5,242 | ||||||
Ashford Hospitality Trust, Inc. | 1,441 | 11,931 | ||||||
Associated Estates Realty Corp. | 1,366 | 21,924 | ||||||
AvalonBay Communities, Inc. | 3,596 | 425,155 | ||||||
Aviv REIT, Inc. | 292 | 6,920 | ||||||
BioMed Realty Trust, Inc. | 5,106 | 92,521 | ||||||
Boston Properties, Inc. | 4,175 | 419,045 | ||||||
Brandywine Realty Trust | 4,292 | 60,474 | ||||||
BRE Properties, Inc. | 2,095 | 114,617 | ||||||
Camden Property Trust | 2,288 | 130,141 | ||||||
Campus Crest Communities, Inc. (b) | 1,756 | 16,524 | ||||||
Capstead Mortgage Corp. | 2,634 | 31,819 | ||||||
CBL & Associates Properties, Inc. | 4,403 | 79,078 | ||||||
Cedar Realty Trust, Inc. | 1,959 | 12,263 | ||||||
Chambers Street Properties (b) | 6,732 | 51,500 | ||||||
Chatham Lodging Trust | 488 | 9,980 | ||||||
Chesapeake Lodging Trust | 1,366 | 34,546 | ||||||
Chimera Investment Corp. | 28,002 | 86,806 | ||||||
Colony Financial, Inc. (b) | 1,756 | 35,629 | ||||||
CommonWealth REIT | 3,220 | 75,058 | ||||||
Coresite Realty Corp. (b) | 601 | 19,346 | ||||||
Corporate Office Properties Trust | 2,294 | 54,345 | ||||||
Corrections Corp. of America | 3,122 | 100,123 | ||||||
Cousins Properties, Inc. | 5,791 | 59,647 |
See accompanying notes to financial statements.
135
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
CubeSmart | 3,610 | $ | 57,543 | |||||
CyrusOne, Inc. | 488 | 10,897 | ||||||
CYS Investments, Inc. (b) | 4,780 | 35,420 | ||||||
DCT Industrial Trust, Inc. | 7,902 | 56,341 | ||||||
DDR Corp. | 8,849 | 136,009 | ||||||
DiamondRock Hospitality Co. | 5,366 | 61,977 | ||||||
Digital Realty Trust, Inc. (b) | 3,483 | 171,085 | ||||||
Douglas Emmett, Inc. | 3,902 | 90,878 | ||||||
Duke Realty Corp. | 8,726 | 131,239 | ||||||
DuPont Fabros Technology, Inc. | 1,658 | 40,969 | ||||||
Dynex Capital, Inc. (b) | 1,464 | 11,712 | ||||||
EastGroup Properties, Inc. | 780 | 45,185 | ||||||
Education Realty Trust, Inc. | 3,122 | 27,536 | ||||||
EPR Properties | 1,668 | 81,999 | ||||||
Equity Lifestyle Properties, Inc. | 2,342 | 84,851 | ||||||
Equity One, Inc. | 1,658 | 37,206 | ||||||
Equity Residential | 9,839 | 510,349 | ||||||
Essex Property Trust, Inc. | 1,074 | 154,130 | ||||||
Excel Trust, Inc. | 1,268 | 14,443 | ||||||
Extra Space Storage, Inc. | 3,050 | 128,497 | ||||||
Federal Realty Investment Trust | 1,756 | 178,076 | ||||||
FelCor Lodging Trust, Inc. (a) | 3,414 | 27,858 | ||||||
First Industrial Realty Trust, Inc. | 2,928 | 51,094 | ||||||
First Potomac Realty Trust | 1,562 | 18,166 | ||||||
Franklin Street Properties Corp. | 2,440 | 29,158 | ||||||
Gaming and Leisure Properties, Inc. (a)(b) | 1,870 | 95,015 | ||||||
General Growth Properties, Inc. | 16,196 | 325,054 | ||||||
Getty Realty Corp. | 682 | 12,528 | ||||||
Gladstone Commercial Corp. | 292 | 5,247 | ||||||
Glimcher Realty Trust | 3,902 | 36,523 | ||||||
Government Properties Income Trust (b) | 1,464 | 36,380 | ||||||
Gramercy Property Trust, Inc. (a)(b) | 1,658 | 9,534 | ||||||
Hatteras Financial Corp. | 2,732 | 44,641 | ||||||
HCP, Inc. | 12,379 | 449,605 | ||||||
Health Care REIT, Inc. | 7,781 | 416,828 | ||||||
Healthcare Realty Trust, Inc. | 3,140 | 66,913 | ||||||
Healthcare Trust of America, Inc. (Class A) | 3,024 | 29,756 | ||||||
Hersha Hospitality Trust | 5,464 | 30,434 | ||||||
Highwoods Properties, Inc. | 2,844 | 102,867 | ||||||
Home Properties, Inc. | 1,756 | 94,157 | ||||||
Hospitality Properties Trust | 3,783 | 102,254 | ||||||
Host Hotels & Resorts, Inc. | 20,245 | 393,563 | ||||||
Hudson Pacific Properties, Inc. | 1,170 | 25,588 | ||||||
Inland Real Estate Corp. | 2,342 | 24,638 | ||||||
Invesco Mortgage Capital, Inc. | 3,708 | 54,433 | ||||||
Investors Real Estate Trust | 2,785 | 23,895 | ||||||
iStar Financial, Inc. (a)(b) | 2,349 | 33,520 | ||||||
Kilroy Realty Corp. | 2,448 | 122,841 | ||||||
Kimco Realty Corp. | 11,112 | 219,462 | ||||||
Kite Realty Group Trust | 2,536 | 16,662 | ||||||
LaSalle Hotel Properties | 3,226 | 99,554 | ||||||
Lexington Realty Trust (b) | 5,696 | 58,156 | ||||||
Liberty Property Trust | 3,874 | 131,212 | ||||||
LTC Properties, Inc. | 976 | 34,541 | ||||||
Mack-Cali Realty Corp. | 2,440 | 52,411 | ||||||
Medical Properties Trust, Inc. | 4,098 | 50,078 | ||||||
MFA Financial, Inc. | 9,854 | 69,569 | ||||||
Mid-America Apartment Communities, Inc. | 2,049 | 124,456 | ||||||
Monmouth Real Estate Investment Corp.(Class A) | 1,157 | 10,517 | ||||||
National Health Investors, Inc. | 682 | 38,260 | ||||||
National Retail Properties, Inc. (b) | 3,211 | 97,390 | ||||||
New Residential Investment Corp. | 6,928 | 46,279 | ||||||
New York Mortgage Trust, Inc. (b) | 1,756 | 12,274 | ||||||
NorthStar Realty Finance Corp. (b) | 7,966 | 107,143 | ||||||
OMEGA Healthcare Investors, Inc. | 3,722 | 110,916 | ||||||
One Liberty Properties, Inc. | 292 | 5,878 | ||||||
Parkway Properties, Inc. | 1,170 | 22,569 | ||||||
Pebblebrook Hotel Trust | 1,658 | 51,000 | ||||||
Pennsylvania Real Estate Investment Trust | 1,864 | 35,379 | ||||||
PennyMac Mortgage Investment Trust | 2,462 | 56,528 | ||||||
Piedmont Office Realty Trust, Inc. (Class A) | 4,586 | 75,761 | ||||||
Plum Creek Timber Co., Inc. (b) | 4,819 | 224,132 | ||||||
Post Properties, Inc. | 1,450 | 65,584 | ||||||
Potlatch Corp. | 1,074 | 44,829 | ||||||
ProLogis | 13,574 | 501,559 | ||||||
PS Business Parks, Inc. | 488 | 37,293 | ||||||
Public Storage | 3,955 | 595,307 | ||||||
RAIT Financial Trust (b) | 1,952 | 17,509 | ||||||
Ramco-Gershenson Properties Trust | 1,658 | 26,097 | ||||||
Rayonier, Inc. | 3,414 | 143,729 | ||||||
Realty Income Corp. | 5,294 | 197,625 | ||||||
Redwood Trust, Inc. (b) | 2,244 | 43,466 | ||||||
Regency Centers Corp. | 2,450 | 113,435 | ||||||
Resource Capital Corp. (b) | 3,414 | 20,245 | ||||||
Retail Opportunity Investments Corp. (b) | 1,837 | 27,041 | ||||||
Retail Properties of America, Inc. (Class A) | 3,610 | 45,919 | ||||||
RLJ Lodging Trust | 3,321 | 80,767 | ||||||
Rouse Properties, Inc. (b) | 586 | 13,003 | ||||||
Ryman Hospitality Properties (b) | 1,158 | 48,381 | ||||||
Sabra Healthcare REIT, Inc. (b) | 976 | 25,513 | ||||||
Saul Centers, Inc. | 196 | 9,355 | ||||||
Select Income REIT | 488 | 13,049 | ||||||
Senior Housing Properties Trust | 5,090 | 113,151 | ||||||
Silver Bay Realty Trust Corp. (b) | 390 | 6,236 | ||||||
Simon Property Group, Inc. | 8,523 | 1,296,860 | ||||||
SL Green Realty Corp. | 2,530 | 233,721 | ||||||
Sovran Self Storage, Inc. | 878 | 57,219 | ||||||
Spirit Realty Capital, Inc. | 11,973 | 117,695 | ||||||
STAG Industrial, Inc. (b) | 1,170 | 23,856 | ||||||
Starwood Property Trust, Inc. | 5,888 | 163,098 | ||||||
Strategic Hotels & Resorts, Inc. (a) | 4,934 | 46,626 | ||||||
Summit Hotel Properties, Inc. | 1,756 | 15,804 | ||||||
Sun Communities, Inc. | 976 | 41,617 | ||||||
Sunstone Hotel Investors, Inc. | 4,474 | 59,952 | ||||||
Tanger Factory Outlet Centers, Inc. | 2,540 | 81,331 | ||||||
Taubman Centers, Inc. | 1,756 | 112,244 | ||||||
Terreno Realty Corp. | 488 | 8,638 | ||||||
The Macerich Co. | 3,757 | 221,250 | ||||||
Two Harbors Investment Corp. | 9,952 | 92,355 |
See accompanying notes to financial statements.
136
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
UDR, Inc. | 6,825 | $ | 159,364 | |||||
Universal Health Realty Income Trust | 292 | 11,698 | ||||||
Ventas, Inc. | 8,019 | 459,328 | ||||||
Vornado Realty Trust | 5,084 | 451,408 | ||||||
Washington Real Estate Investment Trust (b) | 1,854 | 43,309 | ||||||
Weingarten Realty Investors | 3,232 | 88,621 | ||||||
Western Asset Mortgage Capital Corp. (b) | 682 | 10,148 | ||||||
Whitestone REIT | 488 | 6,525 | ||||||
Winthrop Realty Trust | 780 | 8,619 | ||||||
WP Carey, Inc. (b) | 1,562 | 95,829 | ||||||
16,524,807 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.2% | ||||||||
Alexander & Baldwin, Inc. | 1,170 | 48,824 | ||||||
Altisource Residential Corp. (b) | 1,682 | 50,645 | ||||||
CBRE Group, Inc. (a) | 7,588 | 199,565 | ||||||
Consolidated-Tomoka Land Co. | 196 | 7,113 | ||||||
Forest City Enterprises, Inc. (Class A) (a) | 4,292 | 81,977 | ||||||
Forestar Group, Inc. (a) | 946 | 20,122 | ||||||
Jones Lang LaSalle, Inc. | 1,172 | 120,001 | ||||||
Kennedy-Wilson Holdings, Inc. | 1,464 | 32,574 | ||||||
Realogy Holdings Corp. (a) | 3,220 | 159,293 | ||||||
Tejon Ranch Co. (a) | 390 | 14,336 | ||||||
The Howard Hughes Corp. (a) | 1,074 | 128,987 | ||||||
The St. Joe Co. (a)(b) | 1,783 | 34,216 | ||||||
897,653 | ||||||||
ROAD & RAIL — 1.0% | ||||||||
AMERCO, Inc. (a) | 196 | 46,617 | ||||||
Arkansas Best Corp. | 682 | 22,970 | ||||||
Avis Budget Group, Inc. (a) | 2,954 | 119,401 | ||||||
Celadon Group, Inc. (b) | 586 | 11,415 | ||||||
Con-way, Inc. | 1,580 | 62,742 | ||||||
CSX Corp. | 27,813 | 800,180 | ||||||
Genesee & Wyoming, Inc. (Class A) (a) | 1,170 | 112,378 | ||||||
Heartland Express, Inc. (b) | 1,268 | 24,878 | ||||||
Hertz Global Holdings, Inc. (a) | 9,464 | 270,860 | ||||||
J.B. Hunt Transport Services, Inc. (b) | 2,640 | 204,072 | ||||||
Kansas City Southern | 2,994 | 370,747 | ||||||
Knight Transportation, Inc. (b) | 1,562 | 28,647 | ||||||
Landstar System, Inc. | 1,259 | 72,329 | ||||||
Marten Transport, Ltd. | 682 | 13,770 | ||||||
Norfolk Southern Corp. | 8,559 | 794,532 | ||||||
Old Dominion Freight Line, Inc. (a) | 1,952 | 103,495 | ||||||
Patriot Transportation Holding, Inc. (a) | 196 | 8,136 | ||||||
Quality Distribution, Inc. (a) | 586 | 7,518 | ||||||
Roadrunner Transportation Systems, Inc. (a) | 488 | 13,152 | ||||||
Ryder Systems, Inc. | 1,366 | 100,783 | ||||||
Saia, Inc. (a) | 682 | 21,858 | ||||||
Swift Transportation Co. (a)(b) | 2,244 | 49,839 | ||||||
Union Pacific Corp. | 12,744 | 2,140,992 | ||||||
Werner Enterprises, Inc. (b) | 1,268 | 31,358 | ||||||
YRC Worldwide, Inc. (a)(b) | 292 | 5,072 | ||||||
5,437,741 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.2% | ||||||||
Advanced Energy Industries, Inc. (a) | 1,074 | 24,552 | ||||||
Advanced Micro Devices, Inc. (a)(b) | 15,954 | 61,742 | ||||||
Altera Corp. | 8,694 | 282,816 | ||||||
Ambarella, Inc. (a)(b) | 488 | 16,558 | ||||||
Amkor Technology, Inc. (a)(b) | 1,756 | 10,764 | ||||||
Anadigics, Inc. (a)(b) | 2,261 | 4,160 | ||||||
Analog Devices, Inc. | 8,378 | 426,692 | ||||||
Applied Materials, Inc. | 32,728 | 578,958 | ||||||
Applied Micro Circuits Corp. (a)(b) | 1,854 | 24,807 | ||||||
Atmel Corp. (a) | 11,708 | 91,674 | ||||||
ATMI, Inc. (a) | 878 | 26,524 | ||||||
Avago Technologies, Ltd. | 6,732 | 356,055 | ||||||
Axcelis Technologies, Inc. (a) | 2,928 | 7,144 | ||||||
Broadcom Corp. (Class A) | 15,489 | 459,249 | ||||||
Brooks Automation, Inc. | 1,854 | 19,448 | ||||||
Cabot Microelectronics Corp. (a) | 586 | 26,780 | ||||||
Cavium, Inc. (a) | 1,366 | 47,141 | ||||||
CEVA, Inc. (a)(b) | 586 | 8,919 | ||||||
Cirrus Logic, Inc. (a)(b) | 1,696 | 34,649 | ||||||
Cohu, Inc. | 682 | 7,161 | ||||||
Cree, Inc. (a)(b) | 3,202 | 200,349 | ||||||
Cypress Semiconductor Corp. (a)(b) | 4,009 | 42,095 | ||||||
Diodes, Inc. (a) | 976 | 22,995 | ||||||
Entegris, Inc. (a) | 3,806 | 44,150 | ||||||
Entropic Communications, Inc. (a) | 2,440 | 11,492 | ||||||
Exar Corp. (a) | 1,074 | 12,662 | ||||||
Fairchild Semiconductor International, Inc. (a) | 3,414 | 45,577 | ||||||
First Solar, Inc. (a) | 1,954 | 106,767 | ||||||
Formfactor, Inc. (a) | 1,464 | 8,813 | ||||||
Freescale Semiconductor, Ltd. (a) | 1,562 | 25,070 | ||||||
GT Advanced Technologies, Inc. (a)(b) | 3,220 | 28,078 | ||||||
Hittite Microwave Corp. (a) | 878 | 54,199 | ||||||
Inphi Corp. (a) | 682 | 8,798 | ||||||
Integrated Device Technology, Inc. (a) | 3,610 | 36,786 | ||||||
Integrated Silicon Solution, Inc. (a) | 780 | 9,430 | ||||||
Intel Corp. | 136,143 | 3,534,272 | ||||||
International Rectifier Corp. (a) | 1,850 | 48,230 | ||||||
Intersil Corp. (Class A) | 3,461 | 39,698 | ||||||
IXYS Corp. | 682 | 8,846 | ||||||
KLA-Tencor Corp. | 4,542 | 292,777 | ||||||
Kopin Corp. (a)(b) | 1,756 | 7,410 | ||||||
Lam Research Corp. (a) | 4,416 | 240,451 | ||||||
Lattice Semiconductor Corp. (a) | 3,122 | 17,202 | ||||||
Linear Technology Corp. (b) | 6,368 | 290,062 | ||||||
LSI Corp. | 14,925 | 164,474 | ||||||
LTX-Credence Corp. (a) | 1,268 | 10,131 | ||||||
Marvell Technology Group, Ltd. | 10,779 | 155,002 | ||||||
Maxim Integrated Products, Inc. | 7,885 | 220,070 | ||||||
Micrel, Inc. | 1,268 | 12,515 | ||||||
Microchip Technology, Inc. (b) | 5,323 | 238,204 | ||||||
Micron Technology, Inc. (a) | 28,034 | 610,020 | ||||||
Microsemi Corp. (a) | 2,564 | 63,972 | ||||||
MKS Instruments, Inc. | 1,452 | 43,473 | ||||||
Monolithic Power Systems, Inc. (a) | 976 | 33,828 | ||||||
MoSys, Inc. (a)(b) | 1,268 | 6,999 |
See accompanying notes to financial statements.
137
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Nanometrics, Inc. (a)(b) | 586 | $ | 11,163 | |||||
NVE Corp. (a) | 98 | 5,711 | ||||||
NVIDIA Corp. | 15,741 | 252,171 | ||||||
OmniVision Technologies, Inc. (a) | 1,464 | 25,181 | ||||||
ON Semiconductor Corp. (a) | 12,280 | 101,187 | ||||||
PDF Solutions, Inc. (a) | 682 | 17,473 | ||||||
Peregrine Semiconductor Corp. (a)(b) | 682 | 5,054 | ||||||
Photronics, Inc. (a)(b) | 1,658 | 14,972 | ||||||
PLX Technology, Inc. (a) | 1,268 | 8,343 | ||||||
PMC-Sierra, Inc. (a) | 5,562 | 35,764 | ||||||
Power Integrations, Inc. | 780 | 43,540 | ||||||
Rambus, Inc. (a) | 3,047 | 28,855 | ||||||
RF Micro Devices, Inc. (a) | 7,610 | 39,268 | ||||||
Rudolph Technologies, Inc. (a)(b) | 878 | 10,308 | ||||||
Semtech Corp. (a) | 1,854 | 46,869 | ||||||
Sigma Designs, Inc. (a) | 808 | 3,814 | ||||||
Silicon Image, Inc. (a) | 2,146 | 13,198 | ||||||
Silicon Laboratories, Inc. (a) | 1,170 | 50,673 | ||||||
Skyworks Solutions, Inc. (a) | 5,225 | 149,226 | ||||||
Spansion, Inc. (Class A) (a) | 1,268 | 17,613 | ||||||
SunEdison, Inc. (a) | 8,733 | 113,966 | ||||||
SunPower Corp. (a)(b) | 1,137 | 33,894 | ||||||
Supertex, Inc. (a) | 292 | 7,315 | ||||||
Synaptics, Inc. (a)(b) | 878 | 45,489 | ||||||
Teradyne, Inc. (a)(b) | 5,208 | 91,765 | ||||||
Tessera Technologies, Inc. | 1,464 | 28,855 | ||||||
Texas Instruments, Inc. | 30,662 | 1,346,368 | ||||||
TriQuint Semiconductor, Inc. (a) | 4,488 | 37,430 | ||||||
Ultratech, Inc. (a) | 780 | 22,620 | ||||||
Veeco Instruments, Inc. (a) | 1,074 | 35,345 | ||||||
Xilinx, Inc. | 7,161 | 328,833 | ||||||
12,182,953 | ||||||||
SOFTWARE — 3.7% | ||||||||
Accelrys, Inc. (a) | 1,562 | 14,901 | ||||||
ACI Worldwide, Inc. (a) | 1,074 | 69,810 | ||||||
Activision Blizzard, Inc. | 7,283 | 129,856 | ||||||
Actuate Corp. (a) | 1,268 | 9,776 | ||||||
Adobe Systems, Inc. (a) | 13,667 | 818,380 | ||||||
Advent Software, Inc. (b) | 878 | 30,721 | ||||||
American Software, Inc. (Class A) | 682 | 6,731 | ||||||
Ansys, Inc. (a) | 2,536 | 221,139 | ||||||
Aspen Technology, Inc. (a) | 2,536 | 106,005 | ||||||
Autodesk, Inc. (a) | 6,075 | 305,755 | ||||||
AVG Technologies NV (a)(b) | 682 | 11,737 | ||||||
Blackbaud, Inc. | 1,268 | 47,740 | ||||||
Bottomline Technologies, Inc. (a)(b) | 1,074 | 38,836 | ||||||
BroadSoft, Inc. (a) | 780 | 21,325 | ||||||
CA, Inc. | 8,890 | 299,149 | ||||||
Cadence Design Systems, Inc. (a) | 7,706 | 108,038 | ||||||
Callidus Software, Inc. (a)(b) | 976 | 13,400 | ||||||
Citrix Systems, Inc. (a) | 5,080 | 321,310 | ||||||
CommVault Systems, Inc. (a) | 1,268 | 94,948 | ||||||
Compuware Corp. | 5,842 | 65,489 | ||||||
Comverse, Inc. (a) | 596 | 23,125 | ||||||
Concur Technologies, Inc. (a)(b) | 1,264 | 130,420 | ||||||
Ebix, Inc. (b) | 878 | 12,924 | ||||||
Electronic Arts, Inc. (a) | 8,230 | 188,796 | ||||||
Ellie Mae, Inc. (a)(b) | 682 | 18,325 | ||||||
EPIQ Systems, Inc. | 878 | 14,232 | ||||||
ePlus, Inc. (a) | 98 | 5,570 | ||||||
FactSet Research Systems, Inc. (b) | 1,170 | 127,039 | ||||||
Fair Isaac Corp. | 976 | 61,332 | ||||||
FireEye, Inc. (a) | 500 | 21,805 | ||||||
FleetMatics Group PLC (a)(b) | 488 | 21,106 | ||||||
Fortinet, Inc. (a) | 3,708 | 70,934 | ||||||
Guidewire Software, Inc. (a) | 1,570 | 77,040 | ||||||
Imperva, Inc. (a) | 586 | 28,204 | ||||||
Infoblox, Inc. (a) | 1,366 | 45,105 | ||||||
Informatica Corp. (a) | 2,928 | 121,512 | ||||||
Interactive Intelligence Group (a) | 390 | 26,270 | ||||||
Intuit, Inc. | 8,125 | 620,100 | ||||||
Jive Software, Inc. (a) | 1,074 | 12,083 | ||||||
Manhattan Associates, Inc. (a) | 688 | 80,826 | ||||||
Mentor Graphics Corp. | 2,634 | 63,400 | ||||||
MICROS Systems, Inc. (a)(b) | 2,146 | 123,116 | ||||||
Microsoft Corp. | 228,120 | 8,538,532 | ||||||
MicroStrategy, Inc. (a) | 292 | 36,278 | ||||||
Monotype Imaging Holdings, Inc. | 1,074 | 34,218 | ||||||
Netscout Systems, Inc. (a) | 976 | 28,880 | ||||||
NetSuite, Inc. (a) | 976 | 100,548 | ||||||
Nuance Communications, Inc. (a)(b) | 7,128 | 108,346 | ||||||
Oracle Corp. | 97,260 | 3,721,168 | ||||||
Pegasystems, Inc. | 488 | 24,000 | ||||||
Progress Software Corp. (a) | 1,464 | 37,815 | ||||||
Proofpoint, Inc. (a) | 586 | 19,438 | ||||||
PROS Holdings, Inc. (a) | 586 | 23,381 | ||||||
PTC, Inc. (a) | 3,263 | 115,478 | ||||||
QLIK Technologies, Inc. (a) | 2,342 | 62,367 | ||||||
Quality Systems, Inc. | 1,074 | 22,618 | ||||||
Qualys, Inc. (a) | 390 | 9,013 | ||||||
RealPage, Inc. (a) | 1,268 | 29,646 | ||||||
Red Hat, Inc. (a) | 5,199 | 291,352 | ||||||
Rovi Corp. (a) | 2,788 | 54,896 | ||||||
Salesforce.com, Inc. (a)(b) | 16,084 | 887,676 | ||||||
SeaChange International, Inc. (a) | 878 | 10,676 | ||||||
ServiceNow, Inc. (a) | 2,146 | 120,197 | ||||||
SolarWinds, Inc. (a) | 1,756 | 66,429 | ||||||
Solera Holdings, Inc. | 1,902 | 134,586 | ||||||
Splunk, Inc. (a) | 2,830 | 194,336 | ||||||
SS&C Technologies Holdings, Inc. (a) | 1,562 | 69,134 | ||||||
Symantec Corp. | 18,970 | 447,313 | ||||||
Synchronoss Technologies, Inc. (a) | 780 | 24,235 | ||||||
Synopsys, Inc. (a) | 4,177 | 169,461 | ||||||
Tableau Software, Inc. (Class A) (a) | 292 | 20,128 | ||||||
Take-Two Interactive Software, Inc. (a) | 2,244 | 38,978 | ||||||
Tangoe, Inc. (a)(b) | 878 | 15,813 | ||||||
TIBCO Software, Inc. (a) | 4,488 | 100,890 | ||||||
TiVo, Inc. (a) | 3,414 | 44,792 | ||||||
Tyler Technologies, Inc. (a) | 878 | 89,670 | ||||||
Ultimate Software Group, Inc. (a) | 780 | 119,512 | ||||||
Vasco Data Security International (a)(b) | 780 | 6,029 | ||||||
Verint Systems, Inc. (a) | 1,478 | 63,465 | ||||||
VirnetX Holding Corp. (a)(b) | 1,170 | 22,710 | ||||||
VMware, Inc. (Class A) (a)(b) | 2,298 | 206,154 | ||||||
Vringo, Inc. (a)(b) | 1,854 | 5,488 | ||||||
Workday, Inc. (Class A) (a) | 976 | 81,164 |
See accompanying notes to financial statements.
138
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Zynga, Inc. (Class A) (a) | 15,904 | $ | 60,435 | |||||
20,885,555 | ||||||||
SPECIALTY RETAIL — 2.5% | ||||||||
Aaron’s, Inc. (b) | 2,048 | 60,211 | ||||||
Abercrombie & Fitch Co. (Class A) | 2,126 | 69,967 | ||||||
Advance Auto Parts, Inc. | 1,978 | 218,925 | ||||||
Aeropostale, Inc. (a)(b) | 2,166 | 19,689 | ||||||
America’s Car-Mart, Inc. (a)(b) | 196 | 8,277 | ||||||
American Eagle Outfitters, Inc. | 5,203 | 74,923 | ||||||
ANN, Inc. (a) | 1,268 | 46,358 | ||||||
Asbury Automotive Group, Inc. (a) | 878 | 47,184 | ||||||
Ascena Retail Group, Inc. (a) | 3,512 | 74,314 | ||||||
AutoNation, Inc. (a)(b) | 1,402 | 69,665 | ||||||
AutoZone, Inc. (a) | 987 | 471,727 | ||||||
Barnes & Noble, Inc. (a) | 1,074 | 16,056 | ||||||
bebe stores, inc. (b) | 976 | 5,192 | ||||||
Bed Bath & Beyond, Inc. (a) | 5,993 | 481,238 | ||||||
Best Buy Co., Inc. | 7,440 | 296,707 | ||||||
Big 5 Sporting Goods Corp. | 488 | 9,672 | ||||||
Body Central Corp. (a)(b) | 488 | 1,923 | ||||||
Brown Shoe Co., Inc. | 1,170 | 32,924 | ||||||
Cabela’s, Inc. (a)(b) | 1,268 | 84,525 | ||||||
CarMax, Inc. (a) | 6,146 | 288,985 | ||||||
Chico’s FAS, Inc. | 4,458 | 83,989 | ||||||
Christopher & Banks Corp. (a) | 976 | 8,335 | ||||||
Citi Trends, Inc. (a) | 390 | 6,630 | ||||||
Conn’s, Inc. (a)(b) | 586 | 46,171 | ||||||
CST Brands, Inc. (b) | 1,628 | 59,780 | ||||||
Destination Maternity Corp. | 390 | 11,653 | ||||||
Destination XL Group, Inc. (a) | 1,170 | 7,687 | ||||||
Dick’s Sporting Goods, Inc. | 2,682 | 155,824 | ||||||
DSW, Inc. (Class A) (b) | 1,952 | 83,409 | ||||||
Express, Inc. (a) | 2,342 | 43,725 | ||||||
Five Below, Inc. (a)(b) | 878 | 37,930 | ||||||
Foot Locker, Inc. | 4,127 | 171,023 | ||||||
Francesca’s Holdings Corp. (a)(b) | 1,170 | 21,540 | ||||||
GameStop Corp. (Class A) (b) | 3,209 | 158,075 | ||||||
Genesco, Inc. (a) | 617 | 45,078 | ||||||
GNC Holdings, Inc. (Class A) | 2,634 | 153,957 | ||||||
Group 1 Automotive, Inc. (b) | 586 | 41,618 | ||||||
Guess?, Inc. | 1,658 | 51,514 | ||||||
Haverty Furniture Cos., Inc. | 586 | 18,342 | ||||||
hhgregg, Inc. (a)(b) | 390 | 5,448 | ||||||
Hibbett Sports, Inc. (a)(b) | 682 | 45,837 | ||||||
Jos. A. Bank Clothiers, Inc. (a)(b) | 780 | 42,689 | ||||||
Kirkland’s, Inc. (a) | 390 | 9,231 | ||||||
L Brands, Inc. | 6,549 | 405,056 | ||||||
Lithia Motors, Inc. (Class A) | 586 | 40,680 | ||||||
Lowe’s Cos., Inc. | 30,035 | 1,488,234 | ||||||
Lumber Liquidators Holdings, Inc. (a)(b) | 780 | 80,254 | ||||||
MarineMax, Inc. (a)(b) | 682 | 10,967 | ||||||
Mattress Firm Holding Corp. (a)(b) | 390 | 16,786 | ||||||
Monro Muffler Brake, Inc. | 878 | 49,484 | ||||||
Murphy USA, Inc. (a) | 1,293 | 53,737 | ||||||
O’Reilly Automotive, Inc. (a) | 3,026 | 389,476 | ||||||
Office Depot, Inc. (a) | 16,807 | 88,909 | ||||||
Outerwall, Inc. (a)(b) | 780 | 52,471 | ||||||
Penske Automotive Group, Inc. | 1,170 | 55,177 | ||||||
Pep Boys-Manny, Moe & Jack (a) | 1,464 | 17,773 | ||||||
PetSmart, Inc. (b) | 2,857 | 207,847 | ||||||
Pier 1 Imports, Inc. | 2,560 | 59,085 | ||||||
RadioShack Corp. (a)(b) | 2,701 | 7,023 | ||||||
Rent-A-Center, Inc. (b) | 1,557 | 51,910 | ||||||
Restoration Hardware Holdings, Inc. (a) | 488 | 32,842 | ||||||
Ross Stores, Inc. | 6,233 | 467,039 | ||||||
Sally Beauty Holdings, Inc. (a) | 4,586 | 138,635 | ||||||
Sears Hometown and Outlet Stores, Inc. (a) | 196 | 4,998 | ||||||
Select Comfort Corp. (a)(b) | 1,562 | 32,943 | ||||||
Shoe Carnival, Inc. (b) | 390 | 11,314 | ||||||
Signet Jewelers, Ltd. | 2,244 | 176,603 | ||||||
Sonic Automotive, Inc. (Class A) (b) | 1,074 | 26,292 | ||||||
Stage Stores, Inc. (b) | 878 | 19,509 | ||||||
Staples, Inc. (b) | 18,069 | 287,116 | ||||||
Stein Mart, Inc. | 780 | 10,491 | ||||||
The Buckle, Inc. (b) | 780 | 40,997 | ||||||
The Cato Corp. (Class A) | 780 | 24,804 | ||||||
The Children’s Place Retail Stores, Inc. (a) | 586 | 33,384 | ||||||
The Container Store Group, Inc. (a)(b) | 400 | 18,644 | ||||||
The Finish Line, Inc. (Class A) | 1,366 | 38,480 | ||||||
The Gap, Inc. | 7,580 | 296,226 | ||||||
The Home Depot, Inc. | 40,019 | 3,295,165 | ||||||
The Men’s Wearhouse, Inc. | 1,349 | 68,907 | ||||||
The Wet Seal, Inc. (Class A) (a) | 2,440 | 6,661 | ||||||
Tiffany & Co. | 3,023 | 280,474 | ||||||
Tile Shop Holdings, Inc. (a)(b) | 488 | 8,818 | ||||||
TJX Cos., Inc. | 19,849 | 1,264,977 | ||||||
Tractor Supply Co. | 4,108 | 318,699 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc. (a) | 1,756 | 169,489 | ||||||
Urban Outfitters, Inc. (a) | 2,939 | 109,037 | ||||||
Vitamin Shoppe, Inc. (a) | 780 | 40,568 | ||||||
West Marine, Inc. (a) | 488 | 6,944 | ||||||
Williams-Sonoma, Inc. | 2,682 | 156,307 | ||||||
Zale Corp. (a) | 878 | 13,846 | ||||||
Zumiez, Inc. (a)(b) | 586 | 15,236 | ||||||
14,178,261 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.9% | ||||||||
Carter’s, Inc. (b) | 1,650 | 118,454 | ||||||
Coach, Inc. | 7,613 | 427,318 | ||||||
Columbia Sportswear Co. | 390 | 30,713 | ||||||
Crocs, Inc. (a) | 2,444 | 38,908 | ||||||
Deckers Outdoor Corp. (a)(b) | 976 | 82,433 | ||||||
Fifth & Pacific Cos., Inc. (a) | 3,248 | 104,163 | ||||||
Fossil Group, Inc. (a) | 1,466 | 175,832 | ||||||
G-III Apparel Group, Ltd. (a) | 488 | 36,010 | ||||||
Hanesbrands, Inc. | 2,728 | 191,697 | ||||||
Iconix Brand Group, Inc. (a)(b) | 1,582 | 62,805 | ||||||
Michael Kors Holdings, Ltd. (a) | 5,464 | 443,622 | ||||||
Movado Group, Inc. | 488 | 21,477 | ||||||
NIKE, Inc. (Class B) | 19,522 | 1,535,210 | ||||||
Oxford Industries, Inc. | 390 | 31,461 | ||||||
Perry Ellis International, Inc. (a) | 292 | 4,611 | ||||||
PVH Corp. | 2,244 | 305,229 |
See accompanying notes to financial statements.
139
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Quiksilver, Inc. (a) | 3,588 | $ | 31,467 | |||||
Ralph Lauren Corp. | 1,658 | 292,753 | ||||||
Skechers U.S.A., Inc. (a) | 1,074 | 35,582 | ||||||
Steven Madden, Ltd. (a) | 1,611 | 58,946 | ||||||
The Jones Group, Inc. | 2,132 | 31,895 | ||||||
Tumi Holdings, Inc. (a) | 1,268 | 28,593 | ||||||
Under Armour, Inc. (Class A) (a)(b) | 2,278 | 198,869 | ||||||
Unifi, Inc. (a) | 390 | 10,624 | ||||||
V.F. Corp. | 9,672 | 602,952 | ||||||
Vera Bradley, Inc. (a) | 586 | 14,087 | ||||||
Wolverine World Wide, Inc. (b) | 2,646 | 89,858 | ||||||
5,005,569 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.3% | ||||||||
Astoria Financial Corp. | 2,372 | 32,805 | ||||||
Bank Mutual Corp. | 1,268 | 8,889 | ||||||
Beneficial Mutual Bancorp, Inc. (a) | 878 | 9,588 | ||||||
Berkshire Hills Bancorp, Inc. | 681 | 18,571 | ||||||
BofI Holding, Inc. (a)(b) | 292 | 22,902 | ||||||
Brookline Bancorp, Inc. (b) | 1,952 | 18,681 | ||||||
Capitol Federal Financial, Inc. | 4,098 | 49,627 | ||||||
Charter Financial Corp. | 586 | 6,311 | ||||||
Dime Community Bancshares | 878 | 14,856 | ||||||
Doral Financial Corp. (a)(b) | 212 | 3,320 | ||||||
EverBank Financial Corp. (b) | 2,146 | 39,358 | ||||||
Federal Agricultural Mortgage Corp. (Class C) | 292 | 10,001 | ||||||
First Defiance Financial Corp. | 292 | 7,583 | ||||||
Flagstar Bancorp, Inc. (a) | 586 | 11,497 | ||||||
Fox Chase Bancorp, Inc. | 292 | 5,075 | ||||||
Franklin Financial Corp. (a) | 292 | 5,776 | ||||||
Home Loan Servicing Solutions, Ltd. | 2,562 | 58,849 | ||||||
HomeStreet, Inc. (b) | 390 | 7,800 | ||||||
Hudson City Bancorp, Inc. | 14,350 | 135,320 | ||||||
MGIC Investment Corp. (a)(b) | 8,488 | 71,639 | ||||||
Nationstar Mortgage Holdings, Inc. (a) | 586 | 21,659 | ||||||
New York Community Bancorp, Inc. (b) | 12,028 | 202,672 | ||||||
Northfield Bancorp, Inc. | 1,562 | 20,618 | ||||||
Northwest Bancshares, Inc. | 2,536 | 37,482 | ||||||
OceanFirst Financial Corp. | 333 | 5,704 | ||||||
Ocwen Financial Corp. (a) | 2,830 | 156,923 | ||||||
Oritani Financial Corp. | 1,268 | 20,351 | ||||||
PennyMac Financial Services, Inc. (Class A) (a)(b) | 390 | 6,844 | ||||||
People’s United Financial, Inc. | 9,018 | 136,352 | ||||||
Provident Financial Services, Inc. | 1,658 | 32,032 | ||||||
Radian Group, Inc. (b) | 4,724 | 66,703 | ||||||
Rockville Financial, Inc. | 780 | 11,084 | ||||||
Territorial Bancorp, Inc. | 292 | 6,774 | ||||||
TFS Financial Corp. (a) | 2,146 | 25,999 | ||||||
TrustCo Bank Corp. NY (b) | 2,523 | 18,115 | ||||||
United Financial Bancorp, Inc. | 488 | 9,218 | ||||||
Walker & Dunlop, Inc. (a) | 488 | 7,891 | ||||||
Washington Federal, Inc. | 2,830 | 65,911 | ||||||
WSFS Financial Corp. | 196 | 15,196 | ||||||
1,405,976 | ||||||||
TOBACCO — 1.3% | ||||||||
Alliance One International, Inc. (a) | 2,342 | 7,143 | ||||||
Altria Group, Inc. | 55,282 | 2,122,276 | ||||||
Lorillard, Inc. | 10,312 | 522,612 | ||||||
Philip Morris International, Inc. | 44,715 | 3,896,018 | ||||||
Reynolds American, Inc. | 8,535 | 426,665 | ||||||
Universal Corp. (b) | 682 | 37,237 | ||||||
Vector Group, Ltd. (b) | 1,740 | 28,484 | ||||||
7,040,435 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.3% | ||||||||
Aceto Corp. | 780 | 19,508 | ||||||
Air Lease Corp. | 1,952 | 60,668 | ||||||
Aircastle, Ltd. | 1,854 | 35,523 | ||||||
Applied Industrial Technologies, Inc. | 1,170 | 57,435 | ||||||
Beacon Roofing Supply, Inc. (a)(b) | 1,366 | 55,023 | ||||||
CAI International, Inc. (a) | 488 | 11,502 | ||||||
DXP Enterprises, Inc. (a) | 292 | 33,638 | ||||||
Fastenal Co. (b) | 8,027 | 381,363 | ||||||
GATX Corp. | 1,268 | 66,152 | ||||||
H&E Equipment Services, Inc. (a) | 780 | 23,111 | ||||||
HD Supply Holdings, Inc. (a)(b) | 2,300 | 55,223 | ||||||
Houston Wire & Cable Co. | 488 | 6,530 | ||||||
Kaman Corp. (b) | 691 | 27,453 | ||||||
MRC Global, Inc. (a) | 2,244 | 72,392 | ||||||
MSC Industrial Direct Co., Inc. (Class A) | 1,268 | 102,543 | ||||||
Rush Enterprises, Inc. (Class A) (a) | 976 | 28,938 | ||||||
TAL International Group, Inc. (a)(b) | 878 | 50,353 | ||||||
Textainer Group Holdings, Ltd. (b) | 586 | 23,569 | ||||||
Titan Machinery, Inc. (a)(b) | 488 | 8,696 | ||||||
United Rentals, Inc. (a)(b) | 2,536 | 197,681 | ||||||
W.W. Grainger, Inc. | 1,672 | 427,062 | ||||||
Watsco, Inc. | 682 | 65,513 | ||||||
WESCO International, Inc. (a)(b) | 1,170 | 106,552 | ||||||
1,916,428 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 0.0% (d) | ||||||||
Wesco Aircraft Holdings, Inc. (a) | 1,074 | 23,542 | ||||||
WATER UTILITIES — 0.1% | ||||||||
American States Water Co. | 976 | 28,040 | ||||||
American Water Works Co., Inc. | 4,878 | 206,144 | ||||||
Aqua America, Inc. | 4,768 | 112,477 | ||||||
Artesian Resources Corp. (Class A) | 224 | 5,141 | ||||||
California Water Service Group | 1,268 | 29,253 | ||||||
Connecticut Water Service, Inc. | 260 | 9,233 | ||||||
SJW Corp. | 390 | 11,618 | ||||||
401,906 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.3% | ||||||||
Crown Castle International Corp. (a) | 9,335 | 685,469 | ||||||
Leap Wireless International, Inc. (a) | 1,420 | 24,708 | ||||||
NII Holdings, Inc. (a)(b) | 4,676 | 12,859 | ||||||
NTELOS Holdings Corp. | 390 | 7,890 | ||||||
SBA Communications Corp. (Class A) (a) | 3,464 | 311,206 | ||||||
Shenandoah Telecommunications Co. (b) | 682 | 17,507 | ||||||
Sprint Corp. (a)(b) | 25,780 | 277,135 | ||||||
T-Mobile US, Inc. (a) | 4,733 | 159,218 | ||||||
Telephone & Data Systems, Inc. | 2,589 | 66,744 | ||||||
US Cellular Corp. | 390 | 16,310 |
See accompanying notes to financial statements.
140
SPDR Russell 3000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
USA Mobility, Inc. | 586 | $ | 8,368 | |||||
1,587,414 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $412,542,613) | 562,875,656 | |||||||
RIGHTS — 0.0% (d) | ||||||||
BIOTECHNOLOGY — 0.0% (d) | ||||||||
Cubist Pharmaceuticals, Inc. (expiring 12/31/16) (a)(b) | 1,366 | 1,844 | ||||||
OIL, GAS & CONSUMABLE FUELS — 0.0% (d) | ||||||||
EXCO Resources, Inc. (expiring 1/9/14) (a) | 3,712 | 594 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $3,036) | 2,438 | |||||||
WARRANTS — 0.0% (d) | ||||||||
OIL, GAS & CONSUMABLE FUELS — 0.0% (d) | ||||||||
Magnum Hunter Resources (expiring 4/15/16) (a)(b)(e) | 468 | 0 | ||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (d) | ||||||||
Tejon Ranch Co. (expiring 08/31/16) (a) | 57 | 305 | ||||||
TOTAL WARRANTS — | ||||||||
(Cost $338) | 305 | |||||||
SHORT TERM INVESTMENTS — 3.6% | ||||||||
MONEY MARKET FUNDS — 3.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (f)(g) | 19,239,199 | 19,239,199 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (g)(h) | 777,694 | 777,694 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $20,016,893) | 20,016,893 | |||||||
TOTAL INVESTMENTS — 103.3% (i) | ||||||||
(Cost $432,562,880) | 582,895,292 | |||||||
OTHER ASSETS & LIABILITIES — (3.3)% | (18,486,679 | ) | ||||||
NET ASSETS — 100.0% | $ | 564,408,613 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(c) | Affiliated issuer. (Note 3) | |||||
(d) | Amount shown represents less than 0.05% of net assets. | |||||
(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. Securities’ values are determined based on Level 2 inputs. (Note 2) | |||||
(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) | 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.
141
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
AEROSPACE & DEFENSE — 2.7% | ||||||||
Alliant Techsystems, Inc. | 70 | $ | 8,518 | |||||
BE Aerospace, Inc. (a) | 225 | 19,582 | ||||||
Exelis, Inc. | 430 | 8,196 | ||||||
General Dynamics Corp. | 686 | 65,547 | ||||||
Hexcel Corp. (a) | 230 | 10,279 | ||||||
Honeywell International, Inc. | 1,800 | 164,466 | ||||||
Huntington Ingalls Industries, Inc. | 110 | 9,901 | ||||||
L-3 Communications Holdings, Inc. | 215 | 22,975 | ||||||
Lockheed Martin Corp. (b) | 591 | 87,858 | ||||||
Northrop Grumman Corp. | 496 | 56,847 | ||||||
Precision Castparts Corp. | 336 | 90,485 | ||||||
Raytheon Co. (b) | 755 | 68,478 | ||||||
Rockwell Collins, Inc. (b) | 306 | 22,619 | ||||||
Spirit Aerosystems Holdings, Inc. (Class A) (a) | 270 | 9,202 | ||||||
Textron, Inc. | 658 | 24,188 | ||||||
The Boeing Co. | 1,731 | 236,264 | ||||||
TransDigm Group, Inc. | 116 | 18,678 | ||||||
Triumph Group, Inc. (b) | 120 | 9,128 | ||||||
United Technologies Corp. | 2,101 | 239,094 | ||||||
1,172,305 | ||||||||
AIR FREIGHT & LOGISTICS — 0.7% | ||||||||
C.H. Robinson Worldwide, Inc. (b) | 365 | 21,294 | ||||||
Expeditors International of Washington, Inc. (b) | 470 | 20,798 | ||||||
FedEx Corp. | 738 | 106,102 | ||||||
United Parcel Service, Inc. (Class B) | 1,653 | 173,697 | ||||||
321,891 | ||||||||
AIRLINES — 0.4% | ||||||||
Alaska Air Group, Inc. | 160 | 11,739 | ||||||
American Airlines Group, Inc. (a)(b) | 500 | 12,625 | ||||||
Copa Holdings SA (Class A) | 80 | 12,809 | ||||||
Delta Air Lines, Inc. | 1,953 | 53,649 | ||||||
Southwest Airlines Co. | 1,645 | 30,992 | ||||||
United Continental Holdings, Inc. (a) | 842 | 31,853 | ||||||
153,667 | ||||||||
AUTO COMPONENTS — 0.5% | ||||||||
Allison Transmission Holdings, Inc. (b) | 79 | 2,181 | ||||||
BorgWarner, Inc. (b) | 550 | 30,750 | ||||||
Delphi Automotive PLC | 730 | 43,895 | ||||||
Gentex Corp. (b) | 330 | 10,887 | ||||||
Johnson Controls, Inc. | 1,591 | 81,618 | ||||||
Lear Corp. (b) | 174 | 14,089 | ||||||
The Goodyear Tire & Rubber Co. | 560 | 13,356 | ||||||
TRW Automotive Holdings Corp. (a) | 249 | 18,523 | ||||||
Visteon Corp. (a) | 110 | 9,008 | ||||||
224,307 | ||||||||
AUTOMOBILES — 0.7% | ||||||||
Ford Motor Co. | 8,815 | 136,015 | ||||||
General Motors Co. (a) | 1,875 | 76,631 | ||||||
Harley-Davidson, Inc. | 532 | 36,836 | ||||||
Tesla Motors, Inc. (a)(b) | 189 | 28,422 | ||||||
Thor Industries, Inc. (b) | 100 | 5,523 | ||||||
283,427 | ||||||||
BEVERAGES — 1.9% | ||||||||
Beam, Inc. | 371 | 25,250 | ||||||
Brown-Forman Corp. (Class B) (b) | 344 | 25,996 | ||||||
Coca-Cola Enterprises, Inc. | 607 | 26,787 | ||||||
Constellation Brands, Inc. (Class A) (a) | 356 | 25,055 | ||||||
Dr. Pepper Snapple Group, Inc. (b) | 462 | 22,509 | ||||||
Molson Coors Brewing Co. (Class B) (b) | 314 | 17,631 | ||||||
Monster Beverage Corp. (a) | 310 | 21,009 | ||||||
PepsiCo, Inc. | 3,534 | 293,110 | ||||||
The Coca-Cola Co. | 8,697 | 359,273 | ||||||
816,620 | ||||||||
BIOTECHNOLOGY — 2.4% | ||||||||
Alexion Pharmaceuticals, Inc. (a) | 443 | 58,946 | ||||||
Alkermes PLC (a) | 290 | 11,791 | ||||||
Amgen, Inc. | 1,713 | 195,556 | ||||||
ARIAD Pharmaceuticals, Inc. (a)(b) | 420 | 2,864 | ||||||
Biogen Idec, Inc. (a) | 545 | 152,464 | ||||||
BioMarin Pharmaceutical, Inc. (a) | 310 | 21,784 | ||||||
Celgene Corp. (a) | 956 | 161,526 | ||||||
Cubist Pharmaceuticals, Inc. (a)(b) | 150 | 10,330 | ||||||
Gilead Sciences, Inc. (a)(b) | 3,484 | 261,823 | ||||||
Incyte Corp. (a)(b) | 230 | 11,645 | ||||||
Medivation, Inc. (a)(b) | 186 | 11,871 | ||||||
Myriad Genetics, Inc. (a)(b) | 180 | 3,776 | ||||||
Pharmacyclics, Inc. (a) | 140 | 14,809 | ||||||
Regeneron Pharmaceuticals, Inc. (a)(b) | 186 | 51,195 | ||||||
Seattle Genetics, Inc. (a)(b) | 225 | 8,975 | ||||||
Theravance, Inc. (a)(b) | 170 | 6,060 | ||||||
United Therapeutics Corp. (a)(b) | 110 | 12,439 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 542 | 40,271 | ||||||
1,038,125 | ||||||||
BUILDING PRODUCTS — 0.2% | ||||||||
A.O. Smith Corp. | 180 | 9,709 | ||||||
Allegion PLC (a) | 226 | 9,987 | ||||||
Armstrong World Industries, Inc. (a) | 60 | 3,457 | ||||||
Fortune Brands Home & Security, Inc. | 368 | 16,817 | ||||||
Lennox International, Inc. (b) | 120 | 10,207 | ||||||
Masco Corp. | 819 | 18,649 | ||||||
Owens Corning (a) | 287 | 11,687 | ||||||
80,513 | ||||||||
CAPITAL MARKETS — 2.3% | ||||||||
Affiliated Managers Group, Inc. (a)(b) | 118 | 25,592 | ||||||
Ameriprise Financial, Inc. | 456 | 52,463 | ||||||
Artisan Partners Asset Management, Inc. | 30 | 1,956 | ||||||
BlackRock, Inc. | 301 | 95,258 | ||||||
E*TRADE Financial Corp. (a) | 650 | 12,766 | ||||||
Eaton Vance Corp. (b) | 279 | 11,938 | ||||||
Federated Investors, Inc. (Class B) (b) | 210 | 6,048 | ||||||
Franklin Resources, Inc. (b) | 930 | 53,689 | ||||||
Invesco, Ltd. | 1,015 | 36,946 | ||||||
Lazard, Ltd. (Class A) | 290 | 13,143 | ||||||
Legg Mason, Inc. (b) | 261 | 11,348 | ||||||
LPL Investment Holdings, Inc. | 118 | 5,550 | ||||||
Morgan Stanley | 3,475 | 108,976 | ||||||
Northern Trust Corp. | 543 | 33,606 | ||||||
Raymond James Financial, Inc. (b) | 276 | 14,404 | ||||||
SEI Investments Co. | 326 | 11,322 |
See accompanying notes to financial statements.
142
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
State Street Corp. (c) | 1,044 | $ | 76,619 | |||||
T. Rowe Price Group, Inc. | 596 | 49,927 | ||||||
TD Ameritrade Holding Corp. (b) | 533 | 16,331 | ||||||
The Bank of New York Mellon Corp. | 2,650 | 92,591 | ||||||
The Charles Schwab Corp. | 2,510 | 65,260 | ||||||
The Goldman Sachs Group, Inc. | 1,042 | 184,705 | ||||||
Waddell & Reed Financial, Inc. (Class A) | 200 | 13,024 | ||||||
993,462 | ||||||||
CHEMICALS — 2.4% | ||||||||
Air Products & Chemicals, Inc. | 480 | 53,655 | ||||||
Airgas, Inc. | 150 | 16,778 | ||||||
Albemarle Corp. | 203 | 12,868 | ||||||
Ashland, Inc. | 195 | 18,923 | ||||||
Cabot Corp. | 150 | 7,710 | ||||||
Celanese Corp. (Series A) | 356 | 19,690 | ||||||
CF Industries Holdings, Inc. | 137 | 31,927 | ||||||
Cytec Industries, Inc. | 100 | 9,316 | ||||||
E. I. du Pont de Nemours & Co. (b) | 2,097 | 136,242 | ||||||
Eastman Chemical Co. | 356 | 28,729 | ||||||
Ecolab, Inc. | 594 | 61,936 | ||||||
FMC Corp. (b) | 313 | 23,619 | ||||||
Huntsman Corp. | 405 | 9,963 | ||||||
International Flavors & Fragrances, Inc. | 189 | 16,250 | ||||||
Kronos Worldwide, Inc. | 50 | 953 | ||||||
LyondellBasell Industries NV | 929 | 74,580 | ||||||
Monsanto Co. | 1,214 | 141,492 | ||||||
NewMarket Corp. (b) | 20 | 6,683 | ||||||
Praxair, Inc. | 672 | 87,380 | ||||||
Rockwood Holdings, Inc. | 196 | 14,096 | ||||||
RPM International, Inc. | 304 | 12,619 | ||||||
Sigma-Aldrich Corp. (b) | 284 | 26,699 | ||||||
The Dow Chemical Co. (b) | 2,758 | 122,455 | ||||||
The Mosaic Co. (b) | 653 | 30,867 | ||||||
The Scotts Miracle-Gro Co. (Class A) (b) | 100 | 6,222 | ||||||
The Sherwin-Williams Co. (b) | 198 | 36,333 | ||||||
Valspar Corp. (b) | 201 | 14,329 | ||||||
W.R. Grace & Co. (a) | 169 | 16,709 | ||||||
Westlake Chemical Corp. | 45 | 5,493 | ||||||
1,044,516 | ||||||||
COMMERCIAL BANKS — 2.8% | ||||||||
Associated Banc-Corp. (b) | 380 | 6,612 | ||||||
Bank of Hawaii Corp. (b) | 100 | 5,914 | ||||||
BankUnited, Inc. | 150 | 4,938 | ||||||
BB&T Corp. (b) | 1,599 | 59,675 | ||||||
BOK Financial Corp. (b) | 51 | 3,382 | ||||||
CapitalSource, Inc. | 450 | 6,466 | ||||||
CIT Group, Inc. | 427 | 22,260 | ||||||
City National Corp. | 110 | 8,714 | ||||||
Comerica, Inc. (b) | 432 | 20,537 | ||||||
Commerce Bancshares, Inc. | 188 | 8,443 | ||||||
Cullen/Frost Bankers, Inc. (b) | 131 | 9,750 | ||||||
East West Bancorp, Inc. | 310 | 10,841 | ||||||
Fifth Third Bancorp (b) | 2,000 | 42,060 | ||||||
First Citizens BancShares, Inc. (Class A) | 20 | 4,453 | ||||||
First Horizon National Corp. (b) | 550 | 6,408 | ||||||
First Niagara Financial Group, Inc. | 810 | 8,602 | ||||||
First Republic Bank | 261 | 13,663 | ||||||
Fulton Financial Corp. (b) | 450 | 5,886 | ||||||
Huntington Bancshares, Inc. (b) | 1,916 | 18,489 | ||||||
KeyCorp | 2,099 | 28,169 | ||||||
M&T Bank Corp. (b) | 293 | 34,111 | ||||||
PNC Financial Services Group, Inc. | 1,209 | 93,794 | ||||||
Popular, Inc. (a) | 240 | 6,895 | ||||||
Regions Financial Corp. | 3,230 | 31,945 | ||||||
Signature Bank (a) | 110 | 11,816 | ||||||
SunTrust Banks, Inc. | 1,249 | 45,976 | ||||||
SVB Financial Group (a) | 100 | 10,486 | ||||||
Synovus Financial Corp. | 2,550 | 9,180 | ||||||
TCF Financial Corp. (b) | 370 | 6,013 | ||||||
U.S. Bancorp | 4,225 | 170,690 | ||||||
Valley National Bancorp (b) | 450 | 4,554 | ||||||
Wells Fargo & Co. | 10,995 | 499,173 | ||||||
Zions Bancorporation (b) | 424 | 12,703 | ||||||
1,232,598 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.5% | ||||||||
Avery Dennison Corp. | 205 | 10,289 | ||||||
Cintas Corp. (b) | 235 | 14,004 | ||||||
Clean Harbors, Inc. (a)(b) | 140 | 8,394 | ||||||
Copart, Inc. (a) | 257 | 9,419 | ||||||
Covanta Holding Corp. | 240 | 4,260 | ||||||
Iron Mountain, Inc. | 399 | 12,110 | ||||||
KAR Auction Services, Inc. | 170 | 5,023 | ||||||
Pitney Bowes, Inc. (b) | 460 | 10,718 | ||||||
R.R. Donnelley & Sons Co. | 410 | 8,315 | ||||||
Republic Services, Inc. | 614 | 20,385 | ||||||
Rollins, Inc. | 152 | 4,604 | ||||||
Stericycle, Inc. (a) | 193 | 22,421 | ||||||
The ADT Corp. (b) | 496 | 20,073 | ||||||
Waste Connections, Inc. (b) | 284 | 12,391 | ||||||
Waste Management, Inc. (b) | 1,061 | 47,607 | ||||||
210,013 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.6% | ||||||||
Brocade Communications Systems, Inc. (a) | 1,010 | 8,959 | ||||||
Cisco Systems, Inc. | 12,202 | 273,935 | ||||||
EchoStar Corp. (Class A) (a) | 90 | 4,475 | ||||||
F5 Networks, Inc. (a)(b) | 188 | 17,081 | ||||||
Harris Corp. | 249 | 17,383 | ||||||
JDS Uniphase Corp. (a) | 531 | 6,892 | ||||||
Juniper Networks, Inc. (a) | 1,153 | 26,023 | ||||||
Motorola Solutions, Inc. | 548 | 36,990 | ||||||
Palo Alto Networks, Inc. (a)(b) | 76 | 4,368 | ||||||
Polycom, Inc. (a) | 390 | 4,380 | ||||||
QUALCOMM, Inc. | 3,947 | 293,065 | ||||||
Riverbed Technology, Inc. (a)(b) | 370 | 6,689 | ||||||
700,240 | ||||||||
COMPUTERS & PERIPHERALS — 3.7% | ||||||||
3D Systems Corp. (a)(b) | 243 | 22,582 | ||||||
Apple, Inc. | 2,142 | 1,201,898 | ||||||
Diebold, Inc. (b) | 150 | 4,951 | ||||||
EMC Corp. (b) | 4,795 | 120,594 | ||||||
Hewlett-Packard Co. | 4,435 | 124,091 |
See accompanying notes to financial statements.
143
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Lexmark International, Inc. (Class A) (b) | 140 | $ | 4,973 | |||||
NCR Corp. (a) | 371 | 12,636 | ||||||
NetApp, Inc. | 826 | 33,982 | ||||||
SanDisk Corp. | 542 | 38,233 | ||||||
Stratasys, Ltd. (a) | 70 | 9,429 | ||||||
Western Digital Corp. | 483 | 40,524 | ||||||
1,613,893 | ||||||||
CONSTRUCTION & ENGINEERING — 0.3% | ||||||||
Aecom Technology Corp. (a) | 240 | 7,063 | ||||||
Chicago Bridge & Iron Co. NV | 250 | 20,785 | ||||||
Fluor Corp. (b) | 370 | 29,707 | ||||||
Jacobs Engineering Group, Inc. (a)(b) | 295 | 18,582 | ||||||
KBR, Inc. | 358 | 11,417 | ||||||
Quanta Services, Inc. (a)(b) | 456 | 14,392 | ||||||
URS Corp. | 170 | 9,008 | ||||||
110,954 | ||||||||
CONSTRUCTION MATERIALS — 0.1% | ||||||||
Eagle Materials, Inc. | 110 | 8,517 | ||||||
Martin Marietta Materials, Inc. (b) | 93 | 9,295 | ||||||
Vulcan Materials Co. (b) | 322 | 19,133 | ||||||
36,945 | ||||||||
CONSUMER FINANCE — 0.9% | ||||||||
American Express Co. | 2,160 | 195,977 | ||||||
Capital One Financial Corp. | 1,334 | 102,198 | ||||||
Discover Financial Services | 1,121 | 62,720 | ||||||
SLM Corp. | 1,015 | 26,674 | ||||||
387,569 | ||||||||
CONTAINERS & PACKAGING — 0.3% | ||||||||
AptarGroup, Inc. (b) | 150 | 10,171 | ||||||
Ball Corp. | 336 | 17,358 | ||||||
Bemis Co., Inc. (b) | 243 | 9,953 | ||||||
Crown Holdings, Inc. (a) | 333 | 14,842 | ||||||
Greif, Inc. (Class A) | 70 | 3,668 | ||||||
MeadWestvaco Corp. (b) | 403 | 14,883 | ||||||
Owens-Illinois, Inc. (a) | 377 | 13,489 | ||||||
Packaging Corp. of America | 231 | 14,618 | ||||||
Rock-Tenn Co. (Class A) | 169 | 17,747 | ||||||
Sealed Air Corp. | 485 | 16,514 | ||||||
Silgan Holdings, Inc. (b) | 100 | 4,802 | ||||||
Sonoco Products Co. (b) | 230 | 9,595 | ||||||
147,640 | ||||||||
DISTRIBUTORS — 0.1% | ||||||||
Genuine Parts Co. | 352 | 29,283 | ||||||
LKQ Corp. (a) | 687 | 22,602 | ||||||
51,885 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.1% | ||||||||
Apollo Education Group, Inc. (a) | 220 | 6,010 | ||||||
DeVry Education Group, Inc. | 140 | 4,970 | ||||||
Graham Holdings Co. (Class B) | 10 | 6,633 | ||||||
H&R Block, Inc. | 617 | 17,918 | ||||||
Service Corp. International | 480 | 8,703 | ||||||
Weight Watchers International, Inc. | 60 | 1,976 | ||||||
46,210 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 4.5% | ||||||||
Bank of America Corp. | 24,589 | 382,851 | ||||||
Berkshire Hathaway, Inc. (Class B) (a) | 4,101 | 486,215 | ||||||
CBOE Holdings, Inc. (b) | 200 | 10,392 | ||||||
Citigroup, Inc. | 6,895 | 359,298 | ||||||
CME Group, Inc. | 726 | 56,962 | ||||||
ING US, Inc. (b) | 200 | 7,030 | ||||||
Interactive Brokers Group, Inc. (Class A) | 110 | 2,677 | ||||||
IntercontinentalExchange Group, Inc. | 263 | 59,154 | ||||||
JPMorgan Chase & Co. | 8,592 | 502,460 | ||||||
Leucadia National Corp. | 719 | 20,376 | ||||||
Moody’s Corp. (b) | 448 | 35,155 | ||||||
MSCI, Inc. (Class A) (a) | 283 | 12,373 | ||||||
The NASDAQ OMX Group, Inc. (b) | 277 | 11,025 | ||||||
1,945,968 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.9% | ||||||||
AT&T, Inc. | 12,268 | 431,343 | ||||||
CenturyLink, Inc. (b) | 1,391 | 44,303 | ||||||
Frontier Communications Corp. (b) | 2,431 | 11,304 | ||||||
Intelsat SA (a) | 50 | 1,127 | ||||||
Level 3 Communications, Inc. (a)(b) | 383 | 12,704 | ||||||
tw telecom, Inc. (a)(b) | 392 | 11,944 | ||||||
Verizon Communications, Inc. | 6,482 | 318,526 | ||||||
Windstream Holdings, Inc. (b) | 1,346 | 10,741 | ||||||
841,992 | ||||||||
ELECTRIC UTILITIES — 1.5% | ||||||||
American Electric Power Co., Inc. (b) | 1,111 | 51,928 | ||||||
Duke Energy Corp. | 1,609 | 111,037 | ||||||
Edison International (b) | 748 | 34,632 | ||||||
Entergy Corp. (b) | 421 | 26,637 | ||||||
Exelon Corp. (b) | 1,956 | 53,575 | ||||||
FirstEnergy Corp. | 957 | 31,562 | ||||||
Great Plains Energy, Inc. | 350 | 8,484 | ||||||
Hawaiian Electric Industries, Inc. (b) | 220 | 5,733 | ||||||
ITC Holdings Corp. (b) | 119 | 11,402 | ||||||
NextEra Energy, Inc. | 973 | 83,308 | ||||||
Northeast Utilities | 715 | 30,309 | ||||||
OGE Energy Corp. | 452 | 15,323 | ||||||
Pepco Holdings, Inc. (b) | 515 | 9,852 | ||||||
Pinnacle West Capital Corp. | 241 | 12,754 | ||||||
PPL Corp. | 1,486 | 44,714 | ||||||
Southern Co. | 1,991 | 81,850 | ||||||
Westar Energy, Inc. (b) | 352 | 11,324 | ||||||
Xcel Energy, Inc. | 1,169 | 32,662 | ||||||
657,086 | ||||||||
ELECTRICAL EQUIPMENT — 0.8% | ||||||||
AMETEK, Inc. (b) | 571 | 30,075 | ||||||
Eaton Corp. PLC | 1,079 | 82,133 | ||||||
Emerson Electric Co. | 1,636 | 114,814 | ||||||
Hubbell, Inc. (Class B) | 130 | 14,157 | ||||||
Regal-Beloit Corp. | 100 | 7,372 | ||||||
Rockwell Automation, Inc. (b) | 316 | 37,339 | ||||||
Roper Industries, Inc. (b) | 229 | 31,758 | ||||||
SolarCity Corp. (a) | 50 | 2,841 | ||||||
The Babcock & Wilcox Co. (b) | 260 | 8,889 | ||||||
329,378 | ||||||||
See accompanying notes to financial statements.
144
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.5% | ||||||||
Amphenol Corp. (Class A) | 361 | $ | 32,194 | |||||
Arrow Electronics, Inc. (a)(b) | 239 | 12,966 | ||||||
Avnet, Inc. | 315 | 13,895 | ||||||
AVX Corp. (b) | 110 | 1,532 | ||||||
CDW Corp. (b) | 100 | 2,336 | ||||||
Corning, Inc. | 3,366 | 59,982 | ||||||
Dolby Laboratories, Inc. (Class A) (a)(b) | 100 | 3,856 | ||||||
FLIR Systems, Inc. | 330 | 9,933 | ||||||
Ingram Micro, Inc. (Class A) (a) | 350 | 8,211 | ||||||
IPG Photonics Corp. (a)(b) | 70 | 5,433 | ||||||
Jabil Circuit, Inc. | 458 | 7,987 | ||||||
Mettler-Toledo International, Inc. (a) | 73 | 17,709 | ||||||
National Instruments Corp. (b) | 231 | 7,396 | ||||||
Tech Data Corp. (a) | 90 | 4,644 | ||||||
Trimble Navigation, Ltd. (a)(b) | 581 | 20,161 | ||||||
Vishay Intertechnology, Inc. (a)(b) | 300 | 3,978 | ||||||
212,213 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.7% | ||||||||
Atwood Oceanics, Inc. (a)(b) | 130 | 6,941 | ||||||
Baker Hughes, Inc. | 1,020 | 56,365 | ||||||
Cameron International Corp. (a)(b) | 581 | 34,587 | ||||||
Diamond Offshore Drilling, Inc. (b) | 160 | 9,107 | ||||||
Dresser-Rand Group, Inc. (a)(b) | 186 | 11,091 | ||||||
Dril-Quip, Inc. (a) | 90 | 9,894 | ||||||
FMC Technologies, Inc. (a)(b) | 537 | 28,037 | ||||||
Frank’s International NV (b) | 100 | 2,700 | ||||||
Halliburton Co. | 1,927 | 97,795 | ||||||
Helmerich & Payne, Inc. (b) | 220 | 18,498 | ||||||
McDermott International, Inc. (a)(b) | 540 | 4,946 | ||||||
Nabors Industries, Ltd. (b) | 696 | 11,825 | ||||||
National Oilwell Varco, Inc. | 987 | 78,496 | ||||||
Oceaneering International, Inc. | 246 | 19,404 | ||||||
Oil States International, Inc. (a) | 121 | 12,308 | ||||||
Patterson-UTI Energy, Inc. (b) | 340 | 8,609 | ||||||
Rowan Cos. PLC (a)(b) | 252 | 8,911 | ||||||
RPC, Inc. (b) | 140 | 2,499 | ||||||
Schlumberger, Ltd. | 3,036 | 273,574 | ||||||
Seadrill, Ltd. (b) | 810 | 33,275 | ||||||
Superior Energy Services, Inc. (a) | 386 | 10,271 | ||||||
Tidewater, Inc. (b) | 110 | 6,520 | ||||||
Unit Corp. (a)(b) | 110 | 5,678 | ||||||
751,331 | ||||||||
FOOD & STAPLES RETAILING — 2.1% | ||||||||
Costco Wholesale Corp. | 997 | 118,653 | ||||||
CVS Caremark Corp. | 2,792 | 199,823 | ||||||
Safeway, Inc. (b) | 547 | 17,816 | ||||||
Sprouts Farmers Market, Inc. (a) | 100 | 3,843 | ||||||
Sysco Corp. (b) | 1,357 | 48,988 | ||||||
The Fresh Market, Inc. (a)(b) | 90 | 3,645 | ||||||
The Kroger Co. | 1,166 | 46,092 | ||||||
Wal-Mart Stores, Inc. | 3,705 | 291,546 | ||||||
Walgreen Co. | 2,162 | 124,185 | ||||||
Whole Foods Market, Inc. (b) | 848 | 49,040 | ||||||
903,631 | ||||||||
FOOD PRODUCTS — 1.6% | ||||||||
Archer-Daniels-Midland Co. | 1,508 | 65,447 | ||||||
Bunge, Ltd. | 336 | 27,589 | ||||||
Campbell Soup Co. (b) | 410 | 17,745 | ||||||
ConAgra Foods, Inc. | 964 | 32,487 | ||||||
Dean Foods Co. (a)(b) | 215 | 3,696 | ||||||
Flowers Foods, Inc. (b) | 428 | 9,189 | ||||||
General Mills, Inc. (b) | 1,473 | 73,517 | ||||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 345 | 26,075 | ||||||
Hillshire Brands Co. (b) | 298 | 9,965 | ||||||
Hormel Foods Corp. | 305 | 13,777 | ||||||
Ingredion, Inc. (b) | 182 | 12,460 | ||||||
Kellogg Co. (b) | 574 | 35,054 | ||||||
Kraft Foods Group, Inc. (b) | 1,352 | 72,900 | ||||||
McCormick & Co., Inc. (b) | 301 | 20,745 | ||||||
Mead Johnson Nutrition Co. | 467 | 39,116 | ||||||
Mondelez International, Inc. (Class A) (b) | 4,071 | 143,706 | ||||||
Pinnacle Foods, Inc. (b) | 80 | 2,197 | ||||||
The Hershey Co. | 347 | 33,739 | ||||||
The J.M. Smucker Co. | 247 | 25,594 | ||||||
Tyson Foods, Inc. (Class A) (b) | 639 | 21,381 | ||||||
WhiteWave Foods Co. (Class A) (a) | 320 | 7,341 | ||||||
693,720 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
AGL Resources, Inc. | 272 | 12,846 | ||||||
Atmos Energy Corp. | 210 | 9,538 | ||||||
National Fuel Gas Co. (b) | 154 | 10,996 | ||||||
ONEOK, Inc. | 479 | 29,784 | ||||||
Questar Corp. | 424 | 9,748 | ||||||
UGI Corp. | 258 | 10,697 | ||||||
83,609 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.0% | ||||||||
Abbott Laboratories | 3,560 | 136,455 | ||||||
Alere, Inc. (a)(b) | 190 | 6,878 | ||||||
Baxter International, Inc. | 1,240 | 86,242 | ||||||
Becton, Dickinson and Co. | 446 | 49,279 | ||||||
Boston Scientific Corp. (a) | 3,079 | 37,010 | ||||||
C.R. Bard, Inc. (b) | 193 | 25,850 | ||||||
CareFusion Corp. (a) | 496 | 19,751 | ||||||
Covidien PLC | 1,078 | 73,412 | ||||||
DENTSPLY International, Inc. | 327 | 15,853 | ||||||
Edwards Lifesciences Corp. (a)(b) | 255 | 16,769 | ||||||
Hill-Rom Holdings, Inc. (b) | 140 | 5,788 | ||||||
Hologic, Inc. (a)(b) | 608 | 13,589 | ||||||
IDEXX Laboratories, Inc. (a)(b) | 124 | 13,190 | ||||||
Intuitive Surgical, Inc. (a)(b) | 92 | 35,335 | ||||||
Medtronic, Inc. | 2,320 | 133,145 | ||||||
ResMed, Inc. (b) | 323 | 15,207 | ||||||
Sirona Dental Systems, Inc. (a) | 128 | 8,986 | ||||||
St. Jude Medical, Inc. | 650 | 40,267 | ||||||
Stryker Corp. (b) | 753 | 56,580 | ||||||
Teleflex, Inc. (b) | 90 | 8,447 | ||||||
The Cooper Cos., Inc. (b) | 104 | 12,879 | ||||||
Varian Medical Systems, Inc. (a)(b) | 244 | 18,956 |
See accompanying notes to financial statements.
145
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Zimmer Holdings, Inc. | 384 | $ | 35,785 | |||||
865,653 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.2% | ||||||||
Aetna, Inc. | 861 | 59,056 | ||||||
AmerisourceBergen Corp. | 526 | 36,983 | ||||||
Brookdale Senior Living, Inc. (a) | 230 | 6,251 | ||||||
Cardinal Health, Inc. | 780 | 52,112 | ||||||
Catamaran Corp. (a) | 470 | 22,316 | ||||||
CIGNA Corp. | 651 | 56,949 | ||||||
Community Health Systems, Inc. (a) | 234 | 9,189 | ||||||
DaVita HealthCare Partners, Inc. (a) | 418 | 26,489 | ||||||
Envision Healthcare Holdings, Inc. (a) | 100 | 3,552 | ||||||
Express Scripts Holding Co. (a) | 1,869 | 131,279 | ||||||
HCA Holdings, Inc. (a) | 639 | 30,487 | ||||||
Health Management Associates, Inc. (Class A) (a)(b) | 590 | 7,729 | ||||||
Health Net, Inc. (a) | 180 | 5,341 | ||||||
Henry Schein, Inc. (a)(b) | 201 | 22,966 | ||||||
Humana, Inc. (b) | 356 | 36,746 | ||||||
Laboratory Corp. of America Holdings (a)(b) | 217 | 19,827 | ||||||
LifePoint Hospitals, Inc. (a) | 110 | 5,812 | ||||||
McKesson Corp. | 515 | 83,121 | ||||||
MEDNAX, Inc. (a)(b) | 238 | 12,704 | ||||||
Omnicare, Inc. (b) | 256 | 15,452 | ||||||
Patterson Cos., Inc. (b) | 203 | 8,364 | ||||||
Quest Diagnostics, Inc. (b) | 280 | 14,991 | ||||||
Tenet Healthcare Corp. (a) | 225 | 9,477 | ||||||
UnitedHealth Group, Inc. | 2,325 | 175,073 | ||||||
Universal Health Services, Inc. (Class B) | 209 | 16,983 | ||||||
VCA Antech, Inc. (a) | 200 | 6,272 | ||||||
WellPoint, Inc. | 687 | 63,472 | ||||||
938,993 | ||||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||||
Allscripts Healthcare Solutions, Inc. (a)(b) | 410 | 6,339 | ||||||
Cerner Corp. (a)(b) | 672 | 37,457 | ||||||
43,796 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.9% | ||||||||
Bally Technologies, Inc. (a)(b) | 90 | 7,061 | ||||||
Brinker International, Inc. (b) | 160 | 7,414 | ||||||
Burger King Worldwide, Inc. | 255 | 5,829 | ||||||
Carnival Corp. (b) | 956 | 38,403 | ||||||
Chipotle Mexican Grill, Inc. (a)(b) | 71 | 37,827 | ||||||
Choice Hotels International, Inc. (b) | 60 | 2,947 | ||||||
Darden Restaurants, Inc. (b) | 293 | 15,930 | ||||||
Domino’s Pizza, Inc. (b) | 130 | 9,055 | ||||||
Dunkin’ Brands Group, Inc. (b) | 202 | 9,736 | ||||||
Hyatt Hotels Corp. (Class A) (a)(b) | 83 | 4,105 | ||||||
International Game Technology (b) | 592 | 10,751 | ||||||
Las Vegas Sands Corp. | 859 | 67,749 | ||||||
Marriott International, Inc. (Class A) (b) | 536 | 26,457 | ||||||
McDonald’s Corp. | 2,305 | 223,654 | ||||||
MGM Resorts International (a)(b) | 849 | 19,969 | ||||||
Norwegian Cruise Line Holdings, Ltd. (a) | 60 | 2,128 | ||||||
Panera Bread Co. (Class A) (a)(b) | 69 | 12,192 | ||||||
Penn National Gaming, Inc. (a)(b) | 161 | 2,307 | ||||||
Royal Caribbean Cruises, Ltd. | 332 | 15,743 | ||||||
SeaWorld Entertainment, Inc. | 70 | 2,014 | ||||||
Six Flags Entertainment Corp. (b) | 150 | 5,523 | ||||||
Starbucks Corp. | 1,707 | 133,812 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 443 | 35,196 | ||||||
The Wendy’s Co. (b) | 650 | 5,668 | ||||||
Wyndham Worldwide Corp. | 324 | 23,876 | ||||||
Wynn Resorts, Ltd. (b) | 183 | 35,540 | ||||||
Yum! Brands, Inc. | 1,039 | 78,559 | ||||||
839,445 | ||||||||
HOUSEHOLD DURABLES — 0.5% | ||||||||
D.R. Horton, Inc. (b) | 663 | 14,798 | ||||||
Garmin, Ltd. (b) | 284 | 13,127 | ||||||
Harman International Industries, Inc. | 160 | 13,096 | ||||||
Jarden Corp. (a)(b) | 319 | 19,571 | ||||||
Leggett & Platt, Inc. (b) | 328 | 10,148 | ||||||
Lennar Corp. (Class A) (b) | 377 | 14,914 | ||||||
Mohawk Industries, Inc. (a) | 148 | 22,037 | ||||||
Newell Rubbermaid, Inc. | 664 | 21,520 | ||||||
NVR, Inc. (a) | 11 | 11,286 | ||||||
Pulte Group, Inc. (b) | 887 | 18,068 | ||||||
Taylor Morrison Home Corp. (Class A) (a) | 70 | 1,572 | ||||||
Tempur Sealy International, Inc. (a) | 140 | 7,554 | ||||||
Toll Brothers, Inc. (a)(b) | 391 | 14,467 | ||||||
Tupperware Brands Corp. (b) | 118 | 11,155 | ||||||
Whirlpool Corp. | 177 | 27,764 | ||||||
221,077 | ||||||||
HOUSEHOLD PRODUCTS — 1.9% | ||||||||
Church & Dwight Co., Inc. | 319 | 21,143 | ||||||
Colgate-Palmolive Co. | 2,132 | 139,028 | ||||||
Energizer Holdings, Inc. (b) | 139 | 15,045 | ||||||
Kimberly-Clark Corp. | 880 | 91,925 | ||||||
The Clorox Co. (b) | 293 | 27,179 | ||||||
The Procter & Gamble Co. | 6,252 | 508,975 | ||||||
803,295 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1% | ||||||||
Calpine Corp. (a) | 866 | 16,896 | ||||||
NRG Energy, Inc. | 734 | 21,080 | ||||||
The AES Corp. | 1,415 | 20,532 | ||||||
58,508 | ||||||||
INDUSTRIAL CONGLOMERATES — 2.3% | ||||||||
3M Co. | 1,575 | 220,894 | ||||||
Carlisle Cos., Inc. | 155 | 12,307 | ||||||
Danaher Corp. | 1,360 | 104,992 | ||||||
General Electric Co. | 23,557 | 660,302 | ||||||
998,495 | ||||||||
INSURANCE — 3.3% | ||||||||
ACE, Ltd. | 773 | 80,029 | ||||||
Aflac, Inc. | 1,060 | 70,808 | ||||||
Alleghany Corp. (a) | 38 | 15,198 | ||||||
Allied World Assurance Company Holdings, Ltd. | 80 | 9,025 | ||||||
American Financial Group, Inc. | 191 | 11,024 |
See accompanying notes to financial statements.
146
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
American International Group, Inc. | 3,365 | $ | 171,783 | |||||
American National Insurance Co. | 20 | 2,291 | ||||||
Aon PLC | 702 | 58,891 | ||||||
Arch Capital Group, Ltd. (a) | 308 | 18,384 | ||||||
Arthur J. Gallagher & Co. | 310 | 14,548 | ||||||
Aspen Insurance Holdings, Ltd. (b) | 150 | 6,196 | ||||||
Assurant, Inc. | 180 | 11,947 | ||||||
Assured Guaranty, Ltd. (b) | 380 | 8,964 | ||||||
Axis Capital Holdings, Ltd. | 272 | 12,939 | ||||||
Brown & Brown, Inc. | 274 | 8,601 | ||||||
Cincinnati Financial Corp. (b) | 372 | 19,482 | ||||||
CNA Financial Corp. (b) | 67 | 2,874 | ||||||
Endurance Specialty Holdings, Ltd. (b) | 100 | 5,867 | ||||||
Erie Indemnity Co. (Class A) | 67 | 4,899 | ||||||
Everest Re Group, Ltd. | 123 | 19,172 | ||||||
Fidelity National Financial, Inc. (Class A) (b) | 484 | 15,706 | ||||||
Genworth Financial, Inc. (Class A) (a) | 1,130 | 17,549 | ||||||
Hartford Financial Services Group, Inc. | 1,051 | 38,078 | ||||||
HCC Insurance Holdings, Inc. | 233 | 10,751 | ||||||
Kemper Corp. | 110 | 4,497 | ||||||
Lincoln National Corp. | 565 | 29,165 | ||||||
Loews Corp. | 713 | 34,395 | ||||||
Markel Corp. (a) | 31 | 17,991 | ||||||
Marsh & McLennan Cos., Inc. | 1,258 | 60,837 | ||||||
MBIA, Inc. (a) | 320 | 3,821 | ||||||
Mercury General Corp. (b) | 60 | 2,983 | ||||||
MetLife, Inc. | 2,043 | 110,158 | ||||||
Old Republic International Corp. | 590 | 10,189 | ||||||
PartnerRe, Ltd. | 139 | 14,655 | ||||||
Principal Financial Group, Inc. | 644 | 31,756 | ||||||
ProAssurance Corp. | 140 | 6,787 | ||||||
Protective Life Corp. | 180 | 9,119 | ||||||
Prudential Financial, Inc. | 1,067 | 98,399 | ||||||
Reinsurance Group of America, Inc. | 176 | 13,624 | ||||||
RenaissanceRe Holdings, Ltd. (b) | 106 | 10,318 | ||||||
StanCorp Financial Group, Inc. (b) | 100 | 6,625 | ||||||
The Allstate Corp. | 1,080 | 58,903 | ||||||
The Chubb Corp. | 594 | 57,398 | ||||||
The Hanover Insurance Group, Inc. | 100 | 5,971 | ||||||
The Progressive Corp. | 1,357 | 37,005 | ||||||
The Travelers Cos., Inc. | 862 | 78,045 | ||||||
Torchmark Corp. | 208 | 16,255 | ||||||
Unum Group | 640 | 22,451 | ||||||
Validus Holdings, Ltd. | 247 | 9,952 | ||||||
W.R. Berkley Corp. (b) | 248 | 10,761 | ||||||
White Mountains Insurance Group, Ltd. (b) | 14 | 8,443 | ||||||
XL Group PLC | 663 | 21,110 | ||||||
1,426,619 | ||||||||
INTERNET & CATALOG RETAIL — 1.4% | ||||||||
Amazon.com, Inc. (a) | 836 | 333,389 | ||||||
Expedia, Inc. (b) | 243 | 16,927 | ||||||
Groupon, Inc. (a)(b) | 960 | 11,299 | ||||||
HomeAway, Inc. (a)(b) | 130 | 5,315 | ||||||
Liberty Interactive Corp. (Class A) (a) | 1,207 | 35,426 | ||||||
Liberty Ventures, (Series A) (a) | 80 | 9,807 | ||||||
Netflix, Inc. (a) | 117 | 43,076 | ||||||
Priceline.com, Inc. (a) | 118 | 137,163 | ||||||
TripAdvisor, Inc. (a)(b) | 251 | 20,790 | ||||||
613,192 | ||||||||
INTERNET SOFTWARE & SERVICES — 3.0% | ||||||||
Akamai Technologies, Inc. (a) | 395 | 18,636 | ||||||
AOL, Inc. (a) | 180 | 8,392 | ||||||
eBay, Inc. (a) | 2,958 | 162,365 | ||||||
Equinix, Inc. (a)(b) | 109 | 19,342 | ||||||
Facebook, Inc. (Class A) (a) | 3,887 | 212,463 | ||||||
Google, Inc. (Class A) (a) | 616 | 690,357 | ||||||
IAC/InterActiveCorp. | 175 | 12,021 | ||||||
LinkedIn Corp. (Class A) (a) | 227 | 49,220 | ||||||
Pandora Media, Inc. (a) | 290 | 7,714 | ||||||
Rackspace Hosting, Inc. (a)(b) | 273 | 10,682 | ||||||
Twitter, Inc. (a)(b) | 200 | 12,730 | ||||||
VeriSign, Inc. (a)(b) | 324 | 19,369 | ||||||
Yahoo!, Inc. (a) | 2,065 | 83,509 | ||||||
1,306,800 | ||||||||
IT SERVICES — 3.6% | ||||||||
Accenture PLC (Class A) | 1,467 | 120,617 | ||||||
Alliance Data Systems Corp. (a)(b) | 108 | 28,396 | ||||||
Amdocs, Ltd. | 370 | 15,259 | ||||||
Automatic Data Processing, Inc. | 1,112 | 89,861 | ||||||
Booz Allen Hamilton Holding Corp. (b) | 70 | 1,340 | ||||||
Broadridge Financial Solutions, Inc. | 280 | 11,066 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 685 | 69,171 | ||||||
Computer Sciences Corp. | 339 | 18,943 | ||||||
CoreLogic, Inc. (a) | 220 | 7,817 | ||||||
DST Systems, Inc. | 80 | 7,259 | ||||||
Fidelity National Information Services, Inc. | 665 | 35,697 | ||||||
Fiserv, Inc. (a) | 616 | 36,375 | ||||||
FleetCor Technologies, Inc. (a) | 152 | 17,810 | ||||||
Gartner, Inc. (a)(b) | 214 | 15,205 | ||||||
Genpact, Ltd. (a) | 380 | 6,981 | ||||||
Global Payments, Inc. (b) | 194 | 12,608 | ||||||
International Business Machines Corp. | 2,370 | 444,541 | ||||||
Jack Henry & Associates, Inc. (b) | 207 | 12,256 | ||||||
Leidos Holdings, Inc. (b) | 177 | 8,229 | ||||||
Lender Processing Services, Inc. | 200 | 7,476 | ||||||
Mastercard, Inc. (Class A) | 267 | 223,068 | ||||||
NeuStar, Inc. (Class A) (a)(b) | 150 | 7,479 | ||||||
Paychex, Inc. (b) | 738 | 33,601 | ||||||
Science Applications International Corp. | 100 | 3,307 | ||||||
Teradata Corp. (a)(b) | 376 | 17,104 | ||||||
The Western Union Co. (b) | 1,273 | 21,959 | ||||||
Total System Services, Inc. (b) | 374 | 12,447 | ||||||
Vantiv, Inc. (a)(b) | 200 | 6,522 | ||||||
VeriFone Systems, Inc. (a) | 222 | 5,954 | ||||||
Visa, Inc. (Class A) (b) | 1,196 | 266,325 | ||||||
1,564,673 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Hasbro, Inc. (b) | 266 | 14,633 | ||||||
Mattel, Inc. (b) | 792 | 37,683 | ||||||
Polaris Industries, Inc. | 155 | 22,574 | ||||||
74,890 | ||||||||
See accompanying notes to financial statements.
147
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.7% | ||||||||
Agilent Technologies, Inc. | 814 | $ | 46,553 | |||||
Bio-Rad Laboratories, Inc. (Class A) (a) | 50 | 6,180 | ||||||
Bruker Corp. (a) | 250 | 4,943 | ||||||
Charles River Laboratories International, Inc. (a) | 110 | 5,834 | ||||||
Covance, Inc. (a)(b) | 127 | 11,184 | ||||||
Illumina, Inc. (a)(b) | 281 | 31,084 | ||||||
Life Technologies Corp. (a)(b) | 391 | 29,638 | ||||||
PerkinElmer, Inc. | 258 | 10,637 | ||||||
Qiagen NV (a) | 530 | 12,619 | ||||||
Quintiles Transnational Holdings, Inc. (a)(b) | 60 | 2,780 | ||||||
Techne Corp. (b) | 80 | 7,574 | ||||||
Thermo Fisher Scientific, Inc. | 826 | 91,975 | ||||||
Waters Corp. (a) | 191 | 19,100 | ||||||
280,101 | ||||||||
MACHINERY — 2.1% | ||||||||
AGCO Corp. (b) | 215 | 12,726 | ||||||
Caterpillar, Inc. (b) | 1,498 | 136,033 | ||||||
Colfax Corp. (a)(b) | 192 | 12,228 | ||||||
Crane Co. | 110 | 7,397 | ||||||
Cummins, Inc. | 442 | 62,309 | ||||||
Deere & Co. (b) | 890 | 81,284 | ||||||
Donaldson Co., Inc. (b) | 332 | 14,429 | ||||||
Dover Corp. | 394 | 38,037 | ||||||
Flowserve Corp. | 331 | 26,093 | ||||||
Graco, Inc. | 140 | 10,937 | ||||||
Harsco Corp. | 180 | 5,045 | ||||||
IDEX Corp. (b) | 190 | 14,031 | ||||||
Illinois Tool Works, Inc. | 862 | 72,477 | ||||||
Ingersoll-Rand PLC | 678 | 41,765 | ||||||
ITT Corp. | 210 | 9,118 | ||||||
Joy Global, Inc. (b) | 246 | 14,389 | ||||||
Kennametal, Inc. (b) | 180 | 9,373 | ||||||
Lincoln Electric Holdings, Inc. | 198 | 14,125 | ||||||
Navistar International Corp. (a)(b) | 130 | 4,965 | ||||||
Nordson Corp. | 158 | 11,739 | ||||||
Oshkosh Corp. | 197 | 9,925 | ||||||
PACCAR, Inc. | 809 | 47,868 | ||||||
Pall Corp. | 252 | 21,508 | ||||||
Parker Hannifin Corp. | 342 | 43,995 | ||||||
Pentair, Ltd. | 469 | 36,427 | ||||||
Snap-On, Inc. | 138 | 15,114 | ||||||
SPX Corp. | 111 | 11,057 | ||||||
Stanley Black & Decker, Inc. | 366 | 29,533 | ||||||
Terex Corp. | 222 | 9,322 | ||||||
The Manitowoc Co., Inc. (b) | 300 | 6,996 | ||||||
The Toro Co. | 130 | 8,268 | ||||||
Timken Co. | 207 | 11,399 | ||||||
Trinity Industries, Inc. | 180 | 9,814 | ||||||
Valmont Industries, Inc. (b) | 52 | 7,754 | ||||||
WABCO Holdings, Inc. (a) | 135 | 12,610 | ||||||
Wabtec Corp. (b) | 214 | 15,894 | ||||||
Xylem, Inc. | 440 | 15,224 | ||||||
911,208 | ||||||||
MARINE — 0.0% (d) | ||||||||
Kirby Corp. (a)(b) | 128 | 12,704 | ||||||
MATERIALS — 0.1% | ||||||||
PPG Industries, Inc. | 326 | 61,829 | ||||||
MEDIA — 4.1% | ||||||||
AMC Networks, Inc. (Class A) (a) | 138 | 9,399 | ||||||
Cablevision Systems Corp. (Class A) (b) | 448 | 8,033 | ||||||
CBS Corp. | 1,406 | 89,618 | ||||||
Charter Communications, Inc. (Class A) (a) | 150 | 20,514 | ||||||
Cinemark Holdings, Inc. (b) | 260 | 8,666 | ||||||
Clear Channel Outdoor Holdings, Inc. (Class A) | 100 | 1,014 | ||||||
Comcast Corp. (Class A) | 5,946 | 308,984 | ||||||
DIRECTV (Class A) (a) | 1,096 | 75,723 | ||||||
Discovery Communications, Inc. (Series A) (a)(b) | 555 | 50,183 | ||||||
DISH Network Corp. (Class A) (a) | 476 | 27,570 | ||||||
DreamWorks Animation SKG, Inc. (Class A) (a)(b) | 170 | 6,035 | ||||||
Gannett Co., Inc. | 523 | 15,470 | ||||||
John Wiley & Sons, Inc. (Class A) (b) | 100 | 5,520 | ||||||
Lamar Advertising Co. (Class A) (a)(b) | 161 | 8,412 | ||||||
Liberty Global PLC (Class A) (a) | 911 | 81,070 | ||||||
Liberty Media Corp. (Class A) (a) | 231 | 33,830 | ||||||
Lions Gate Entertainment Corp. (b) | 180 | 5,699 | ||||||
McGraw Hill Financial, Inc. | 634 | 49,579 | ||||||
Morningstar, Inc. (b) | 50 | 3,904 | ||||||
News Corp. (Class A) (a) | 1,176 | 21,192 | ||||||
Omnicom Group, Inc. | 592 | 44,027 | ||||||
Regal Entertainment Group (Class A) (b) | 190 | 3,695 | ||||||
Scripps Networks Interactive, Inc. (Class A) | 246 | 21,257 | ||||||
Sirius XM Holdings, Inc. (a)(b) | 7,038 | 24,563 | ||||||
Starz (Class A) (a) | 270 | 7,895 | ||||||
The Interpublic Group of Cos., Inc. | 1,037 | 18,355 | ||||||
The Madison Square Garden Co. (Class A) (a) | 155 | 8,925 | ||||||
The Walt Disney Co. | 4,110 | 314,004 | ||||||
Thomson Reuters Corp. (b) | 850 | 32,147 | ||||||
Time Warner Cable, Inc. | 664 | 89,972 | ||||||
Time Warner, Inc. (b) | 2,130 | 148,504 | ||||||
Twenty-First Century Fox, Inc. | 4,535 | 159,541 | ||||||
Viacom, Inc. (Class B) | 1,004 | 87,689 | ||||||
1,790,989 | ||||||||
METALS & MINING — 0.6% | ||||||||
Alcoa, Inc. (b) | 2,445 | 25,990 | ||||||
Allegheny Technologies, Inc. (b) | 250 | 8,908 | ||||||
Carpenter Technology Corp. | 110 | 6,842 | ||||||
Cliffs Natural Resources, Inc. (b) | 314 | 8,230 | ||||||
Compass Minerals International, Inc. (b) | 80 | 6,404 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 2,356 | 88,915 | ||||||
Newmont Mining Corp. (b) | 1,147 | 26,415 | ||||||
Nucor Corp. (b) | 724 | 38,647 | ||||||
Reliance Steel & Aluminum Co. | 189 | 14,334 | ||||||
Royal Gold, Inc. (b) | 170 | 7,832 | ||||||
Southern Copper Corp. | 360 | 10,336 | ||||||
Steel Dynamics, Inc. (b) | 500 | 9,770 | ||||||
Tahoe Resources, Inc. (a)(b) | 190 | 3,162 |
See accompanying notes to financial statements.
148
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
United States Steel Corp. (b) | 330 | $ | 9,735 | |||||
265,520 | ||||||||
MULTI-UTILITIES — 1.0% | ||||||||
Alliant Energy Corp. (b) | 271 | 13,984 | ||||||
Ameren Corp. | 565 | 20,430 | ||||||
CenterPoint Energy, Inc. | 1,013 | 23,481 | ||||||
CMS Energy Corp. | 610 | 16,330 | ||||||
Consolidated Edison, Inc. (b) | 673 | 37,203 | ||||||
Dominion Resources, Inc. | 1,321 | 85,456 | ||||||
DTE Energy Co. | 396 | 26,290 | ||||||
Integrys Energy Group, Inc. (b) | 189 | 10,283 | ||||||
MDU Resources Group, Inc. | 395 | 12,067 | ||||||
NiSource, Inc. | 737 | 24,233 | ||||||
PG&E Corp. (b) | 1,031 | 41,529 | ||||||
Public Service Enterprise Group, Inc. | 1,158 | 37,102 | ||||||
SCANA Corp. (b) | 314 | 14,736 | ||||||
Sempra Energy | 552 | 49,548 | ||||||
TECO Energy, Inc. (b) | 484 | 8,344 | ||||||
Vectren Corp. | 190 | 6,745 | ||||||
Wisconsin Energy Corp. (b) | 523 | 21,621 | ||||||
449,382 | ||||||||
MULTILINE RETAIL — 0.7% | ||||||||
Big Lots, Inc. (a)(b) | 130 | 4,198 | ||||||
Dillard’s, Inc. (Class A) (b) | 59 | 5,735 | ||||||
Dollar General Corp. (a)(b) | 771 | 46,507 | ||||||
Dollar Tree, Inc. (a)(b) | 510 | 28,774 | ||||||
Family Dollar Stores, Inc. | 222 | 14,423 | ||||||
J.C. Penney Co., Inc. (a)(b) | 691 | 6,323 | ||||||
Kohl’s Corp. (b) | 507 | 28,772 | ||||||
Macy’s, Inc. | 872 | 46,565 | ||||||
Nordstrom, Inc. (b) | 332 | 20,518 | ||||||
Sears Holdings Corp. (a)(b) | 106 | 5,198 | ||||||
Target Corp. | 1,468 | 92,880 | ||||||
299,893 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Xerox Corp. (b) | 2,809 | 34,185 | ||||||
Zebra Technologies Corp. (Class A) (a) | 120 | 6,490 | ||||||
40,675 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 7.9% | ||||||||
Anadarko Petroleum Corp. | 1,142 | 90,583 | ||||||
Antero Resources Corp. (a) | 100 | 6,344 | ||||||
Apache Corp. | 890 | 76,487 | ||||||
Cabot Oil & Gas Corp. | 956 | 37,055 | ||||||
Cheniere Energy, Inc. (a) | 551 | 23,759 | ||||||
Chesapeake Energy Corp. (b) | 1,321 | 35,852 | ||||||
Chevron Corp. | 4,413 | 551,228 | ||||||
Cimarex Energy Co. | 192 | 20,143 | ||||||
Cobalt International Energy, Inc. (a) | 629 | 10,347 | ||||||
Concho Resources, Inc. (a)(b) | 240 | 25,920 | ||||||
ConocoPhillips | 2,794 | 197,396 | ||||||
CONSOL Energy, Inc. (b) | 488 | 18,564 | ||||||
Continental Resources, Inc. (a)(b) | 96 | 10,802 | ||||||
CVR Energy, Inc. (b) | 40 | 1,737 | ||||||
Denbury Resources, Inc. (a) | 853 | 14,015 | ||||||
Devon Energy Corp. | 915 | 56,611 | ||||||
Energen Corp. | 160 | 11,320 | ||||||
EOG Resources, Inc. | 622 | 104,396 | ||||||
EQT Corp. | 353 | 31,692 | ||||||
Exxon Mobil Corp. | 10,140 | 1,026,168 | ||||||
Golar LNG, Ltd. (b) | 100 | 3,629 | ||||||
Gulfport Energy Corp. (a) | 180 | 11,367 | ||||||
Hess Corp. | 700 | 58,100 | ||||||
HollyFrontier Corp. (b) | 450 | 22,361 | ||||||
Kinder Morgan, Inc. | 1,529 | 55,044 | ||||||
Kosmos Energy, Ltd. (a) | 230 | 2,571 | ||||||
Laredo Petroleum Holdings, Inc. (a)(b) | 90 | 2,492 | ||||||
Marathon Oil Corp. | 1,640 | 57,892 | ||||||
Marathon Petroleum Corp. | 641 | 58,799 | ||||||
Murphy Oil Corp. (b) | 439 | 28,482 | ||||||
Newfield Exploration Co. (a) | 313 | 7,709 | ||||||
Noble Energy, Inc. | 820 | 55,850 | ||||||
Oasis Petroleum, Inc. (a)(b) | 209 | 9,817 | ||||||
Occidental Petroleum Corp. | 1,838 | 174,794 | ||||||
PBF Energy, Inc. (b) | 50 | 1,573 | ||||||
Peabody Energy Corp. | 665 | 12,987 | ||||||
Phillips 66 | 1,417 | 109,293 | ||||||
Pioneer Natural Resources Co. | 315 | 57,982 | ||||||
QEP Resources, Inc. | 421 | 12,904 | ||||||
Range Resources Corp. | 372 | 31,363 | ||||||
SandRidge Energy, Inc. (a)(b) | 1,130 | 6,859 | ||||||
SM Energy Co. | 162 | 13,464 | ||||||
Southwestern Energy Co. (a) | 803 | 31,582 | ||||||
Spectra Energy��Corp. | 1,520 | 54,142 | ||||||
Teekay Corp. | 90 | 4,321 | ||||||
Tesoro Corp. (b) | 301 | 17,609 | ||||||
The Williams Cos., Inc. | 1,556 | 60,015 | ||||||
Ultra Petroleum Corp. (a)(b) | 350 | 7,578 | ||||||
Valero Energy Corp. | 1,244 | 62,698 | ||||||
Whiting Petroleum Corp. (a) | 266 | 16,457 | ||||||
World Fuel Services Corp. (b) | 170 | 7,337 | ||||||
WPX Energy, Inc. (a) | 460 | 9,375 | ||||||
3,416,865 | ||||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||||
Domtar Corp. | 80 | 7,547 | ||||||
International Paper Co. | 995 | 48,785 | ||||||
Weyerhaeuser Co. | 1,366 | 43,125 | ||||||
99,457 | ||||||||
PERSONAL PRODUCTS — 0.2% | ||||||||
Avon Products, Inc. | 992 | 17,082 | ||||||
Coty, Inc. (Class A) (b) | 200 | 3,050 | ||||||
Herbalife, Ltd. (b) | 197 | 15,504 | ||||||
Nu Skin Enterprises, Inc. (Class A) | 130 | 17,968 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 527 | 39,694 | ||||||
93,298 | ||||||||
PHARMACEUTICALS — 5.2% | ||||||||
AbbVie, Inc. | 3,614 | 190,855 | ||||||
Actavis PLC (a) | 393 | 66,024 | ||||||
Allergan, Inc. | 678 | 75,312 | ||||||
Bristol-Myers Squibb Co. | 3,745 | 199,047 | ||||||
Eli Lilly & Co. | 2,260 | 115,260 | ||||||
Endo Health Solutions, Inc. (a) | 248 | 16,730 | ||||||
Forest Laboratories, Inc. (a) | 619 | 37,159 | ||||||
Hospira, Inc. (a) | 381 | 15,728 | ||||||
Jazz Pharmaceuticals PLC (a) | 120 | 15,187 |
See accompanying notes to financial statements.
149
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Johnson & Johnson | 6,445 | $ | 590,297 | |||||
Mallinckrodt PLC (a)(b) | 143 | 7,473 | ||||||
Merck & Co., Inc. | 6,851 | 342,892 | ||||||
Mylan, Inc. (a) | 869 | 37,715 | ||||||
Perrigo Co. PLC | 308 | 47,266 | ||||||
Pfizer, Inc. | 15,270 | 467,720 | ||||||
Salix Pharmaceuticals, Ltd. (a)(b) | 140 | 12,592 | ||||||
Zoetis, Inc. | 1,146 | 37,463 | ||||||
2,274,720 | ||||||||
PROFESSIONAL SERVICES — 0.3% | ||||||||
Dun & Bradstreet Corp. (b) | 100 | 12,275 | ||||||
Equifax, Inc. | 272 | 18,793 | ||||||
IHS, Inc. (Class A) (a) | 152 | 18,194 | ||||||
Manpower, Inc. | 190 | 16,313 | ||||||
Nielsen Holdings NV | 505 | 23,175 | ||||||
Robert Half International, Inc. | 349 | 14,655 | ||||||
Towers Watson & Co. (Class A) | 140 | 17,865 | ||||||
Verisk Analytics, Inc. (Class A) (a) | 347 | 22,805 | ||||||
144,075 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.6% | ||||||||
Alexandria Real Estate Equities, Inc. | 161 | 10,243 | ||||||
American Campus Communities, Inc. (b) | 225 | 7,247 | ||||||
American Capital Agency Corp. (b) | 916 | 17,670 | ||||||
American Homes 4 Rent (Class A) (b) | 200 | 3,240 | ||||||
American Tower Corp. | 900 | 71,838 | ||||||
Annaly Capital Management, Inc. (b) | 2,165 | 21,585 | ||||||
Apartment Investment & Management Co. (Class A) | 295 | 7,643 | ||||||
AvalonBay Communities, Inc. (b) | 300 | 35,469 | ||||||
BioMed Realty Trust, Inc. (b) | 430 | 7,792 | ||||||
Boston Properties, Inc. | 350 | 35,129 | ||||||
Brandywine Realty Trust (b) | 360 | 5,072 | ||||||
BRE Properties, Inc. | 177 | 9,684 | ||||||
Camden Property Trust | 189 | 10,750 | ||||||
CBL & Associates Properties, Inc. | 373 | 6,699 | ||||||
Chimera Investment Corp. (b) | 2,350 | 7,285 | ||||||
CommonWealth REIT | 270 | 6,294 | ||||||
Corporate Office Properties Trust (b) | 200 | 4,738 | ||||||
Corrections Corp. of America | 266 | 8,531 | ||||||
DDR Corp. (b) | 722 | 11,097 | ||||||
Digital Realty Trust, Inc. (b) | 295 | 14,490 | ||||||
Douglas Emmett, Inc. (b) | 330 | 7,686 | ||||||
Duke Realty Corp. | 669 | 10,062 | ||||||
Equity Lifestyle Properties, Inc. | 200 | 7,246 | ||||||
Equity Residential (b) | 818 | 42,430 | ||||||
Essex Property Trust, Inc. | 97 | 13,920 | ||||||
Extra Space Storage, Inc. | 225 | 9,479 | ||||||
Federal Realty Investment Trust (b) | 162 | 16,428 | ||||||
Gaming and Leisure Properties, Inc. (a)(b) | 161 | 8,180 | ||||||
General Growth Properties, Inc. | 1,356 | 27,215 | ||||||
Hatteras Financial Corp. | 230 | 3,758 | ||||||
HCP, Inc. | 1,026 | 37,264 | ||||||
Health Care REIT, Inc. | 633 | 33,910 | ||||||
Healthcare Trust of America, Inc. (Class A) | 250 | 2,460 | ||||||
Home Properties, Inc. | 120 | 6,434 | ||||||
Hospitality Properties Trust | 320 | 8,650 | ||||||
Host Hotels & Resorts, Inc. (b) | 1,724 | 33,515 | ||||||
Kilroy Realty Corp. | 196 | 9,835 | ||||||
Kimco Realty Corp. (b) | 928 | 18,328 | ||||||
Liberty Property Trust | 326 | 11,042 | ||||||
Mack-Cali Realty Corp. (b) | 200 | 4,296 | ||||||
MFA Financial, Inc. | 820 | 5,789 | ||||||
Mid-America Apartment Communities, Inc. (b) | 200 | 12,148 | ||||||
National Retail Properties, Inc. (b) | 266 | 8,068 | ||||||
OMEGA Healthcare Investors, Inc. | 270 | 8,046 | ||||||
Piedmont Office Realty Trust, Inc. (Class A) (b) | 380 | 6,278 | ||||||
Plum Creek Timber Co., Inc. (b) | 371 | 17,255 | ||||||
Post Properties, Inc. | 120 | 5,428 | ||||||
ProLogis | 1,117 | 41,273 | ||||||
Public Storage | 330 | 49,672 | ||||||
Rayonier, Inc. | 279 | 11,746 | ||||||
Realty Income Corp. (b) | 436 | 16,276 | ||||||
Regency Centers Corp. (b) | 205 | 9,491 | ||||||
Retail Properties of America, Inc. (Class A) (b) | 310 | 3,943 | ||||||
Senior Housing Properties Trust (b) | 465 | 10,337 | ||||||
Simon Property Group, Inc. | 711 | 108,186 | ||||||
SL Green Realty Corp. (b) | 214 | 19,769 | ||||||
Spirit Realty Capital, Inc. (b) | 800 | 7,864 | ||||||
Starwood Property Trust, Inc. (b) | 480 | 13,296 | ||||||
Tanger Factory Outlet Centers, Inc. (b) | 220 | 7,044 | ||||||
Taubman Centers, Inc. | 155 | 9,908 | ||||||
The Macerich Co. (b) | 322 | 18,963 | ||||||
Two Harbors Investment Corp. | 851 | 7,897 | ||||||
UDR, Inc. (b) | 533 | 12,445 | ||||||
Ventas, Inc. | 667 | 38,206 | ||||||
Vornado Realty Trust | 430 | 38,180 | ||||||
Weingarten Realty Investors (b) | 319 | 8,747 | ||||||
WP Carey, Inc. (b) | 128 | 7,853 | ||||||
1,118,742 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1% | ||||||||
CBRE Group, Inc. (a) | 640 | 16,832 | ||||||
Forest City Enterprises, Inc. (Class A) (a)(b) | 360 | 6,876 | ||||||
Jones Lang LaSalle, Inc. | 97 | 9,932 | ||||||
Realogy Holdings Corp. (a) | 281 | 13,901 | ||||||
The Howard Hughes Corp. (a) | 90 | 10,809 | ||||||
The St. Joe Co. (a)(b) | 150 | 2,878 | ||||||
61,228 | ||||||||
ROAD & RAIL — 1.0% | ||||||||
AMERCO, Inc. (a) | 20 | 4,757 | ||||||
Avis Budget Group, Inc. (a) | 250 | 10,105 | ||||||
Con-way, Inc. (b) | 130 | 5,162 | ||||||
CSX Corp. | 2,333 | 67,120 | ||||||
Genesee & Wyoming, Inc. (Class A) (a)(b) | 94 | 9,029 | ||||||
Hertz Global Holdings, Inc. (a) | 795 | 22,753 | ||||||
J.B. Hunt Transport Services, Inc. (b) | 205 | 15,847 | ||||||
Kansas City Southern (b) | 251 | 31,081 | ||||||
Landstar System, Inc. (b) | 110 | 6,320 | ||||||
Norfolk Southern Corp. | 722 | 67,023 | ||||||
Old Dominion Freight Line, Inc. (a) | 160 | 8,483 |
See accompanying notes to financial statements.
150
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Ryder Systems, Inc. | 120 | $ | 8,854 | |||||
Union Pacific Corp. | 1,066 | 179,088 | ||||||
435,622 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.1% | ||||||||
Advanced Micro Devices, Inc. (a)(b) | 1,380 | 5,341 | ||||||
Altera Corp. | 733 | 23,844 | ||||||
Analog Devices, Inc. | 707 | 36,008 | ||||||
Applied Materials, Inc. (b) | 2,693 | 47,639 | ||||||
Atmel Corp. (a)(b) | 980 | 7,673 | ||||||
Avago Technologies, Ltd. | 560 | 29,618 | ||||||
Broadcom Corp. (Class A) | 1,306 | 38,723 | ||||||
Cree, Inc. (a)(b) | 253 | 15,830 | ||||||
Fairchild Semiconductor International, Inc. (a)(b) | 290 | 3,872 | ||||||
First Solar, Inc. (a)(b) | 140 | 7,650 | ||||||
Freescale Semiconductor, Ltd. (a) | 130 | 2,087 | ||||||
Intel Corp. | 11,346 | 294,542 | ||||||
KLA-Tencor Corp. (b) | 380 | 24,495 | ||||||
Lam Research Corp. (a)(b) | 375 | 20,419 | ||||||
Linear Technology Corp. (b) | 484 | 22,046 | ||||||
LSI Corp. | 1,356 | 14,943 | ||||||
Marvell Technology Group, Ltd. (b) | 901 | 12,956 | ||||||
Maxim Integrated Products, Inc. (b) | 661 | 18,449 | ||||||
Microchip Technology, Inc. (b) | 439 | 19,645 | ||||||
Micron Technology, Inc. (a)(b) | 2,399 | 52,202 | ||||||
NVIDIA Corp. (b) | 1,320 | 21,146 | ||||||
ON Semiconductor Corp. (a) | 945 | 7,787 | ||||||
Silicon Laboratories, Inc. (a)(b) | 100 | 4,331 | ||||||
Skyworks Solutions, Inc. (a)(b) | 474 | 13,537 | ||||||
Teradyne, Inc. (a)(b) | 440 | 7,753 | ||||||
Texas Instruments, Inc. | 2,535 | 111,312 | ||||||
Xilinx, Inc. | 593 | 27,231 | ||||||
891,079 | ||||||||
SOFTWARE — 3.6% | ||||||||
Activision Blizzard, Inc. | 601 | 10,716 | ||||||
Adobe Systems, Inc. (a) | 1,143 | 68,443 | ||||||
Ansys, Inc. (a)(b) | 223 | 19,446 | ||||||
Autodesk, Inc. (a) | 508 | 25,568 | ||||||
CA, Inc. | 749 | 25,204 | ||||||
Cadence Design Systems, Inc. (a)(b) | 599 | 8,398 | ||||||
Citrix Systems, Inc. (a) | 437 | 27,640 | ||||||
Compuware Corp. | 490 | 5,493 | ||||||
Concur Technologies, Inc. (a)(b) | 107 | 11,040 | ||||||
Electronic Arts, Inc. (a)(b) | 690 | 15,829 | ||||||
FactSet Research Systems, Inc. (b) | 101 | 10,966 | ||||||
Fortinet, Inc. (a) | 304 | 5,815 | ||||||
Informatica Corp. (a)(b) | 251 | 10,416 | ||||||
Intuit, Inc. (b) | 675 | 51,516 | ||||||
MICROS Systems, Inc. (a) | 143 | 8,204 | ||||||
Microsoft Corp. | 19,088 | 714,464 | ||||||
NetSuite, Inc. (a)(b) | 79 | 8,139 | ||||||
Nuance Communications, Inc. (a)(b) | 593 | 9,014 | ||||||
Oracle Corp. | 8,072 | 308,835 | ||||||
Red Hat, Inc. (a) | 433 | 24,265 | ||||||
Rovi Corp. (a) | 240 | 4,726 | ||||||
Salesforce.com, Inc. (a)(b) | 1,308 | 72,188 | ||||||
ServiceNow, Inc. (a)(b) | 180 | 10,082 | ||||||
SolarWinds, Inc. (a)(b) | 155 | 5,864 | ||||||
Solera Holdings, Inc. (b) | 169 | 11,958 | ||||||
Splunk, Inc. (a)(b) | 230 | 15,794 | ||||||
Symantec Corp. | 1,587 | 37,421 | ||||||
Synopsys, Inc. (a) | 332 | 13,469 | ||||||
Tableau Software, Inc. (Class A) (a) | 20 | 1,379 | ||||||
TIBCO Software, Inc. (a) | 412 | 9,262 | ||||||
VMware, Inc. (Class A) (a)(b) | 192 | 17,224 | ||||||
Workday, Inc. (Class A) (a)(b) | 82 | 6,819 | ||||||
Zynga, Inc. (Class A) (a)(b) | 1,330 | 5,054 | ||||||
1,580,651 | ||||||||
SPECIALTY RETAIL — 2.4% | ||||||||
Aaron’s, Inc. (b) | 170 | 4,998 | ||||||
Abercrombie & Fitch Co. (Class A) (b) | 174 | 5,726 | ||||||
Advance Auto Parts, Inc. | 174 | 19,258 | ||||||
American Eagle Outfitters, Inc. | 437 | 6,293 | ||||||
Ascena Retail Group, Inc. (a) | 290 | 6,136 | ||||||
AutoNation, Inc. (a)(b) | 110 | 5,466 | ||||||
AutoZone, Inc. (a)(b) | 81 | 38,713 | ||||||
Bed Bath & Beyond, Inc. (a) | 508 | 40,792 | ||||||
Best Buy Co., Inc. | 646 | 25,763 | ||||||
Cabela’s, Inc. (a)(b) | 110 | 7,333 | ||||||
CarMax, Inc. (a) | 533 | 25,062 | ||||||
Chico’s FAS, Inc. | 370 | 6,971 | ||||||
CST Brands, Inc. (b) | 142 | 5,214 | ||||||
Dick’s Sporting Goods, Inc. | 190 | 11,039 | ||||||
DSW, Inc. (Class A) (b) | 160 | 6,837 | ||||||
Foot Locker, Inc. | 342 | 14,173 | ||||||
GameStop Corp. (Class A) (b) | 270 | 13,300 | ||||||
GNC Holdings, Inc. (Class A) | 220 | 12,859 | ||||||
Guess?, Inc. (b) | 140 | 4,350 | ||||||
L Brands, Inc. | 538 | 33,275 | ||||||
Lowe’s Cos., Inc. | 2,481 | 122,934 | ||||||
Murphy USA, Inc. (a)(b) | 109 | 4,530 | ||||||
O’Reilly Automotive, Inc. (a) | 252 | 32,435 | ||||||
PetSmart, Inc. (b) | 232 | 16,878 | ||||||
Ross Stores, Inc. | 487 | 36,491 | ||||||
Sally Beauty Holdings, Inc. (a) | 389 | 11,760 | ||||||
Signet Jewelers, Ltd. | 183 | 14,402 | ||||||
Staples, Inc. (b) | 1,518 | 24,121 | ||||||
The Gap, Inc. | 641 | 25,050 | ||||||
The Home Depot, Inc. (b) | 3,335 | 274,604 | ||||||
Tiffany & Co. | 257 | 23,844 | ||||||
TJX Cos., Inc. | 1,638 | 104,390 | ||||||
Tractor Supply Co. | 318 | 24,670 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc. (a) | 151 | 14,575 | ||||||
Urban Outfitters, Inc. (a)(b) | 244 | 9,052 | ||||||
Williams-Sonoma, Inc. (b) | 237 | 13,812 | ||||||
1,047,106 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.8% | ||||||||
Carter’s, Inc. (b) | 134 | 9,620 | ||||||
Coach, Inc. | 646 | 36,260 | ||||||
Deckers Outdoor Corp. (a)(b) | 80 | 6,757 | ||||||
Fossil Group, Inc. (a)(b) | 126 | 15,112 | ||||||
Hanesbrands, Inc. | 228 | 16,022 | ||||||
Michael Kors Holdings, Ltd. (a) | 480 | 38,971 | ||||||
NIKE, Inc. (Class B) | 1,612 | 126,768 |
See accompanying notes to financial statements.
151
SPDR Russell 1000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
PVH Corp. | 187 | $ | 25,436 | |||||
Ralph Lauren Corp. | 136 | 24,013 | ||||||
Under Armour, Inc. (Class A) (a)(b) | 193 | 16,849 | ||||||
V.F. Corp. (b) | 804 | 50,121 | ||||||
365,929 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Hudson City Bancorp, Inc. (b) | 1,210 | 11,410 | ||||||
Nationstar Mortgage Holdings, Inc. (a)(b) | 50 | 1,848 | ||||||
New York Community Bancorp, Inc. (b) | 976 | 16,445 | ||||||
Ocwen Financial Corp. (a) | 216 | 11,977 | ||||||
People’s United Financial, Inc. | 750 | 11,340 | ||||||
TFS Financial Corp. (a) | 180 | 2,181 | ||||||
Washington Federal, Inc. | 240 | 5,590 | ||||||
60,791 | ||||||||
TOBACCO — 1.3% | ||||||||
Altria Group, Inc. | 4,589 | 176,172 | ||||||
Lorillard, Inc. | 867 | 43,939 | ||||||
Philip Morris International, Inc. | 3,724 | 324,472 | ||||||
Reynolds American, Inc. | 734 | 36,693 | ||||||
581,276 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.3% | ||||||||
Air Lease Corp. | 160 | 4,973 | ||||||
Fastenal Co. (b) | 676 | 32,117 | ||||||
GATX Corp. | 110 | 5,739 | ||||||
HD Supply Holdings, Inc. (a)(b) | 200 | 4,802 | ||||||
MRC Global, Inc. (a) | 190 | 6,129 | ||||||
MSC Industrial Direct Co., Inc. (Class A) (b) | 104 | 8,410 | ||||||
United Rentals, Inc. (a)(b) | 234 | 18,240 | ||||||
W.W. Grainger, Inc. | 137 | 34,993 | ||||||
WESCO International, Inc. (a)(b) | 100 | 9,107 | ||||||
124,510 | ||||||||
WATER UTILITIES — 0.1% | ||||||||
American Water Works Co., Inc. | 398 | 16,819 | ||||||
Aqua America, Inc. (b) | 401 | 9,460 | ||||||
26,279 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.3% | ||||||||
Crown Castle International Corp. (a) | 771 | 56,614 | ||||||
SBA Communications Corp. (Class A) (a) | 277 | 24,886 | ||||||
Sprint Corp. (a)(b) | 2,148 | 23,091 | ||||||
T-Mobile US, Inc. (a) | 389 | 13,086 | ||||||
Telephone & Data Systems, Inc. | 220 | 5,671 | ||||||
US Cellular Corp. (b) | 30 | 1,255 | ||||||
124,603 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $31,010,797) | 43,399,676 | |||||||
SHORT TERM INVESTMENTS — 9.4% | ||||||||
MONEY MARKET FUNDS — 9.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 4,053,335 | 4,053,335 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (f)(g) | 54,445 | 54,445 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $4,107,780) | 4,107,780 | |||||||
TOTAL INVESTMENTS — 109.2% (h) | ||||||||
(Cost $35,118,577) | 47,507,456 | |||||||
OTHER ASSETS & LIABILITIES — (9.2)% | (3,997,320 | ) | ||||||
NET ASSETS — 100.0% | $ | 43,510,136 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
152
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AEROSPACE & DEFENSE — 1.8% | ||||||||
AAR Corp. (a) | 1,494 | $ | 41,847 | |||||
Aerovironment, Inc. (a)(b) | 700 | 20,391 | ||||||
American Science & Engineering, Inc. | 306 | 22,004 | ||||||
API Technologies Corp. (a)(b) | 1,222 | 4,167 | ||||||
Astronics Corp. (a)(b) | 591 | 30,141 | ||||||
Cubic Corp. (a) | 754 | 39,706 | ||||||
Curtiss-Wright Corp. (a) | 1,711 | 106,475 | ||||||
DigitalGlobe, Inc. (a)(b) | 2,817 | 115,920 | ||||||
Ducommun, Inc. (a)(b) | 396 | 11,805 | ||||||
Engility Holdings, Inc. (a)(b) | 648 | 21,643 | ||||||
Erickson Air-Crane, Inc. (b) | 144 | 2,994 | ||||||
Esterline Technologies Corp. (a)(b) | 1,189 | 121,230 | ||||||
GenCorp, Inc. (a)(b) | 2,282 | 41,122 | ||||||
HEICO Corp. (a) | 2,449 | 141,919 | ||||||
Innovative Solutions & Support, Inc. (a)(b) | 468 | 3,412 | ||||||
Kratos Defense & Security Solutions, Inc. (b) | 1,654 | 12,703 | ||||||
LMI Aerospace, Inc. (a)(b) | 394 | 5,808 | ||||||
Moog, Inc. (Class A) (b) | 1,646 | 111,829 | ||||||
National Presto Industries, Inc. | 180 | 14,490 | ||||||
Orbital Sciences Corp. (b) | 2,264 | 52,751 | ||||||
Sparton Corp. (a)(b) | 378 | 10,565 | ||||||
Taser International, Inc. (a)(b) | 1,937 | 30,760 | ||||||
Teledyne Technologies, Inc. (b) | 1,419 | 130,349 | ||||||
The Keyw Holding Corp. (a)(b) | 1,204 | 16,182 | ||||||
1,110,213 | ||||||||
AIR FREIGHT & LOGISTICS — 0.5% | ||||||||
Air Transport Services Group, Inc. (b) | 1,958 | 15,840 | ||||||
Atlas Air Worldwide Holdings, Inc. (b) | 970 | 39,916 | ||||||
Echo Global Logistics, Inc. (a)(b) | 666 | 14,306 | ||||||
Forward Air Corp. (a) | 1,186 | 52,077 | ||||||
HUB Group, Inc. (Class A) (a)(b) | 1,406 | 56,071 | ||||||
Pacer International, Inc. (b) | 1,330 | 10,986 | ||||||
Park-Ohio Holdings Corp. (a)(b) | 324 | 16,978 | ||||||
UTI Worldwide, Inc. (a) | 3,429 | 60,213 | ||||||
XPO Logistics, Inc. (a)(b) | 1,114 | 29,287 | ||||||
295,674 | ||||||||
AIRLINES — 0.5% | ||||||||
Allegiant Travel Co. (a) | 585 | 61,682 | ||||||
Hawaiian Holdings, Inc. (a)(b) | 1,958 | 18,856 | ||||||
JetBlue Airways Corp. (a)(b) | 8,782 | 75,086 | ||||||
Republic Airways Holdings, Inc. (b) | 1,852 | 19,798 | ||||||
SkyWest, Inc. | 1,958 | 29,037 | ||||||
Spirit Airlines, Inc. (b) | 2,279 | 103,489 | ||||||
307,948 | ||||||||
AUTO COMPONENTS — 1.0% | ||||||||
American Axle & Manufacturing Holdings, Inc. (a)(b) | 2,534 | 51,820 | ||||||
Cooper Tire & Rubber Co. | 2,390 | 57,456 | ||||||
Dana Holding Corp. | 5,568 | 109,244 | ||||||
Dorman Products, Inc. (a)(b) | 952 | 53,379 | ||||||
Drew Industries, Inc. | 862 | 44,134 | ||||||
Federal-Mogul Corp. (a)(b) | 750 | 14,760 | ||||||
Fox Factory Holding Corp. (a)(b) | 370 | 6,519 | ||||||
Fuel Systems Solutions, Inc. (b) | 535 | 7,420 | ||||||
Gentherm, Inc. (a)(b) | 1,258 | 33,727 | ||||||
Modine Manufacturing Co. (b) | 1,780 | 22,820 | ||||||
Remy International, Inc. (a) | 522 | 12,173 | ||||||
Shiloh Industries, Inc. (b) | 234 | 4,563 | ||||||
Spartan Motors, Inc. (a) | 1,293 | 8,663 | ||||||
Standard Motor Products, Inc. (a) | 754 | 27,747 | ||||||
Stoneridge, Inc. (b) | 1,078 | 13,745 | ||||||
Superior Industries International, Inc. (a) | 880 | 18,154 | ||||||
Tenneco, Inc. (b) | 2,307 | 130,507 | ||||||
Tower International, Inc. (b) | 234 | 5,008 | ||||||
621,839 | ||||||||
AUTOMOBILES — 0.0% (c) | ||||||||
Winnebago Industries, Inc. (b) | 1,060 | 29,097 | ||||||
BEVERAGES — 0.2% | ||||||||
Boston Beer Co., Inc. (Class A) (a)(b) | 320 | 77,373 | ||||||
Coca-Cola Hellenic Bottling Co. (a) | 182 | 13,320 | ||||||
Craft Brew Alliance, Inc. (a)(b) | 396 | 6,502 | ||||||
National Beverage Corp. (a)(b) | 430 | 8,669 | ||||||
105,864 | ||||||||
BIOTECHNOLOGY — 4.1% | ||||||||
ACADIA Pharmaceuticals, Inc. (a)(b) | 2,642 | 66,024 | ||||||
Acceleron Pharma, Inc. (a)(b) | 213 | 8,435 | ||||||
Achillion Pharmaceuticals, Inc. (a)(b) | 3,645 | 12,101 | ||||||
Acorda Therapeutics, Inc. (a)(b) | 1,528 | 44,618 | ||||||
Aegerion Pharmaceuticals, Inc. (b) | 1,095 | 77,701 | ||||||
Agios Pharmaceuticals, Inc. (a)(b) | 248 | 5,940 | ||||||
Alnylam Pharmaceuticals, Inc. (a)(b) | 2,200 | 141,526 | ||||||
AMAG Pharmaceuticals, Inc. (a)(b) | 810 | 19,659 | ||||||
Amicus Therapeutics, Inc. (b) | 1,150 | 2,702 | ||||||
Anacor Pharmaceuticals, Inc. (a)(b) | 952 | 15,975 | ||||||
Arena Pharmaceuticals, Inc. (a)(b) | 8,226 | 48,122 | ||||||
ArQule, Inc. (b) | 2,243 | 4,822 | ||||||
Array BioPharma, Inc. (a)(b) | 4,418 | 22,134 | ||||||
Aveo Pharmaceuticals, Inc. (b) | 1,958 | 3,603 | ||||||
BIND Therapeutics, Inc. (b) | 111 | 1,675 | ||||||
Biotime, Inc. (a)(b) | 1,397 | 5,029 | ||||||
Bluebird Bio, Inc. (a)(b) | 247 | 5,182 | ||||||
Cell Therapeutics, Inc. (a)(b) | 4,291 | 8,239 | ||||||
Celldex Therapeutics, Inc. (a)(b) | 3,271 | 79,191 | ||||||
Cellular Dynamics International, Inc. (a)(b) | 159 | 2,625 | ||||||
Cepheid, Inc. (a)(b) | 2,486 | 116,146 | ||||||
Chelsea Therapeutics International, Ltd. (a)(b) | 2,557 | 11,327 | ||||||
ChemoCentryx, Inc. (a)(b) | 933 | 5,402 | ||||||
Chimerix, Inc. (b) | 324 | 4,896 | ||||||
Clovis Oncology, Inc. (a)(b) | 613 | 36,945 | ||||||
Conatus Pharmaceuticals, Inc. (a)(b) | 259 | 1,671 | ||||||
Coronado Biosciences, Inc. (a)(b) | 988 | 2,598 | ||||||
Curis, Inc. (a)(b) | 3,049 | 8,598 | ||||||
Cytokinetics, Inc. (a)(b) | 998 | 6,487 | ||||||
Cytori Therapeutics, Inc. (a)(b) | 2,387 | 6,135 | ||||||
Dendreon Corp. (a)(b) | 5,945 | 17,776 | ||||||
Durata Therapeutics, Inc. (a)(b) | 486 | 6,216 | ||||||
Dyax Corp. (a)(b) | 4,567 | 34,389 | ||||||
Dynavax Technologies Corp. (a)(b) | 7,068 | 13,853 |
See accompanying notes to financial statements.
153
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Emergent Biosolutions, Inc. (b) | 1,041 | $ | 23,933 | |||||
Enanta Pharmaceuticals, Inc. (b) | 144 | 3,928 | ||||||
Enzon Pharmaceuticals, Inc. (a) | 1,420 | 1,647 | ||||||
Epizyme, Inc. (b) | 216 | 4,493 | ||||||
Esperion Therapeutics, Inc. (a)(b) | 194 | 2,666 | ||||||
Exact Sciences Corp. (a)(b) | 2,675 | 31,271 | ||||||
Exelixis, Inc. (a)(b) | 6,933 | 42,499 | ||||||
Fibrocell Science, Inc. (a)(b) | 798 | 3,240 | ||||||
Five Prime Therapeutics, Inc. (a)(b) | 112 | 1,880 | ||||||
Foundation Medicine, Inc. (a)(b) | 214 | 5,097 | ||||||
Galena Biopharma, Inc. (a)(b) | 3,984 | 19,761 | ||||||
Genomic Health, Inc. (a)(b) | 630 | 18,440 | ||||||
Geron Corp. (b) | 4,923 | 23,335 | ||||||
GTx, Inc. (a)(b) | 988 | 1,630 | ||||||
Halozyme Therapeutics, Inc. (a)(b) | 3,357 | 50,321 | ||||||
Harvard Apparatus Regenerative Technology, Inc. (a)(b) | 234 | 1,111 | ||||||
Hyperion Therapeutics, Inc. (a)(b) | 322 | 6,511 | ||||||
Idenix Pharmaceuticals, Inc. (a)(b) | 3,771 | 22,551 | ||||||
ImmunoGen, Inc. (a)(b) | 3,195 | 46,871 | ||||||
Immunomedics, Inc. (a)(b) | 2,768 | 12,733 | ||||||
Infinity Pharmaceuticals, Inc. (a)(b) | 1,811 | 25,010 | ||||||
Insmed, Inc. (a)(b) | 1,329 | 22,606 | ||||||
Insys Therapeutics, Inc. (a)(b) | 196 | 7,587 | ||||||
Intercept Pharmaceuticals, Inc. (a)(b) | 274 | 18,709 | ||||||
InterMune, Inc. (a)(b) | 3,103 | 45,707 | ||||||
Intrexon Corp. (a)(b) | 426 | 10,139 | ||||||
Ironwood Pharmaceuticals, Inc. (a)(b) | 3,519 | 40,856 | ||||||
Isis Pharmaceuticals, Inc. (a)(b) | 4,253 | 169,439 | ||||||
KaloBios Pharmaceuticals, Inc. (a)(b) | 422 | 1,865 | ||||||
Karyopharm Therapeutics, Inc. (a)(b) | 216 | 4,951 | ||||||
Keryx Biopharmaceuticals, Inc. (a)(b) | 3,087 | 39,977 | ||||||
KYTHERA Biopharmaceuticals, Inc. (a)(b) | 449 | 16,725 | ||||||
Lexicon Pharmaceuticals, Inc. (a)(b) | 8,586 | 15,455 | ||||||
Ligand Pharmaceuticals, Inc. (Class B) (a)(b) | 708 | 37,241 | ||||||
MacroGenics, Inc. (a)(b) | 212 | 5,815 | ||||||
MannKind Corp. (a)(b) | 5,620 | 29,280 | ||||||
MEI Pharma, Inc. (b) | 365 | 2,924 | ||||||
Merrimack Pharmaceuticals, Inc. (a)(b) | 3,690 | 19,705 | ||||||
MiMedx Group, Inc. (b) | 3,193 | 27,907 | ||||||
Momenta Pharmaceuticals, Inc. (a)(b) | 1,780 | 31,470 | ||||||
Nanosphere, Inc. (b) | 2,011 | 4,605 | ||||||
Navidea Biopharmaceuticals, Inc. (a)(b) | 4,511 | 9,338 | ||||||
Neurocrine Biosciences, Inc. (b) | 2,516 | 23,499 | ||||||
NewLink Genetics Corp. (a)(b) | 630 | 13,866 | ||||||
Novavax, Inc. (b) | 7,029 | 35,988 | ||||||
NPS Pharmaceuticals, Inc. (a)(b) | 3,789 | 115,034 | ||||||
OncoGenex Pharmaceutical, Inc. (a)(b) | 556 | 4,637 | ||||||
OncoMed Pharmaceuticals, Inc. (a)(b) | 198 | 5,845 | ||||||
Onconova Therapeutics, Inc. (a)(b) | 212 | 2,434 | ||||||
Ophthotech Corp. (a)(b) | 319 | 10,320 | ||||||
Opko Health, Inc. (a)(b) | 7,137 | 60,236 | ||||||
Orexigen Therapeutics, Inc. (b) | 3,587 | 20,195 | ||||||
Osiris Therapeutics, Inc. (b) | 628 | 10,098 | ||||||
OvaScience, Inc. (a)(b) | 342 | 3,126 | ||||||
PDL BioPharma, Inc. | 5,283 | 44,588 | ||||||
Peregrine Pharmaceuticals, Inc. (a)(b) | 5,687 | 7,905 | ||||||
Portola Pharmaceuticals, Inc. (a)(b) | 402 | 10,351 | ||||||
Progenics Pharmaceuticals, Inc. (a)(b) | 2,281 | 12,158 | ||||||
Prothena Corp. PLC (a)(b) | 602 | 15,965 | ||||||
PTC Therapeutics, Inc. (b) | 354 | 6,007 | ||||||
Puma Biotechnology, Inc. (a)(b) | 841 | 87,069 | ||||||
Raptor Pharmaceutical Corp. (a)(b) | 2,249 | 29,282 | ||||||
Receptos, Inc. (a)(b) | 216 | 6,262 | ||||||
Regulus Therapeutics, Inc. (b) | 374 | 2,764 | ||||||
Repligen Corp. (b) | 1,186 | 16,177 | ||||||
Rigel Pharmaceuticals, Inc. (a)(b) | 3,287 | 9,368 | ||||||
Sangamo Biosciences, Inc. (a)(b) | 2,326 | 32,308 | ||||||
Sarepta Therapeutics, Inc. (a)(b) | 1,269 | 25,850 | ||||||
SIGA Technologies, Inc. (a)(b) | 1,384 | 4,526 | ||||||
Spectrum Pharmaceuticals, Inc. (a)(b) | 2,376 | 21,028 | ||||||
Stemline Therapeutics, Inc. (a)(b) | 343 | 6,723 | ||||||
Sunesis Pharmaceuticals, Inc. (a)(b) | 1,222 | 5,792 | ||||||
Synageva BioPharma Corp. (a)(b) | 757 | 48,993 | ||||||
Synergy Pharmaceuticals, Inc. (a)(b) | 3,038 | 17,104 | ||||||
Synta Pharmaceuticals Corp. (a)(b) | 1,548 | 8,112 | ||||||
Targacept, Inc. (a)(b) | 1,059 | 4,395 | ||||||
TESARO, Inc. (a)(b) | 504 | 14,233 | ||||||
Tetraphase Pharmaceuticals, Inc. (b) | 437 | 5,908 | ||||||
TG Therapeutics, Inc. (a)(b) | 580 | 2,262 | ||||||
Threshold Pharmaceuticals, Inc. (a)(b) | 1,778 | 8,303 | ||||||
Vanda Pharmaceuticals, Inc. (a)(b) | 1,258 | 15,612 | ||||||
Verastem, Inc. (a)(b) | 661 | 7,535 | ||||||
Vical, Inc. (b) | 2,871 | 3,388 | ||||||
XOMA Corp. (b) | 2,610 | 17,565 | ||||||
ZIOPHARM Oncology, Inc. (a)(b) | 2,561 | 11,115 | ||||||
2,572,897 | ||||||||
BUILDING PRODUCTS — 0.8% | ||||||||
AAON, Inc. | 1,060 | 33,867 | ||||||
American Woodmark Corp. (a)(b) | 378 | 14,942 | ||||||
Apogee Enterprises, Inc. (a) | 1,078 | 38,711 | ||||||
Builders FirstSource, Inc. (a)(b) | 1,688 | 12,052 | ||||||
Gibraltar Industries, Inc. (a)(b) | 1,152 | 21,416 | ||||||
Griffon Corp. | 1,687 | 22,285 | ||||||
Insteel Industries, Inc. | 682 | 15,502 | ||||||
NCI Building Systems, Inc. (a)(b) | 776 | 13,611 | ||||||
Norcraft Cos, Inc. (a)(b) | 215 | 4,218 | ||||||
Nortek, Inc. (a)(b) | 344 | 25,662 | ||||||
Patrick Industries, Inc. (b) | 252 | 7,290 | ||||||
PGT, Inc. (b) | 1,257 | 12,721 | ||||||
Ply Gem Holdings, Inc. (a)(b) | 594 | 10,710 | ||||||
Quanex Building Products Corp. (a) | 1,402 | 27,928 | ||||||
Simpson Manufacturing Co., Inc. | 1,528 | 56,123 | ||||||
Trex Co., Inc. (a)(b) | 652 | 51,854 | ||||||
Universal Forest Products, Inc. (a) | 754 | 39,314 | ||||||
USG Corp. (b) | 2,894 | 82,132 | ||||||
490,338 | ||||||||
CAPITAL MARKETS — 1.7% | ||||||||
Arlington Asset Investment Corp. (Class A) (a) | 610 | 16,098 | ||||||
BGC Partners, Inc. (Class A) (a) | 4,795 | 29,058 |
See accompanying notes to financial statements.
154
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Calamos Asset Management, Inc. (Class A) (a) | 754 | $ | 8,927 | |||||
Capitala Finance Corp. (a) | 108 | 2,149 | ||||||
CIFC Corp. | 252 | 1,960 | ||||||
Cohen & Steers, Inc. (a) | 715 | 28,643 | ||||||
Cowen Group, Inc. (Class A) (a)(b) | 3,684 | 14,404 | ||||||
Diamond Hill Investment Group, Inc. (a) | 108 | 12,781 | ||||||
Evercore Partners, Inc. (Class A) | 1,192 | 71,258 | ||||||
FBR & Co. (b) | 324 | 8,547 | ||||||
Financial Engines, Inc. (a) | 1,857 | 129,024 | ||||||
FXCM, Inc. (Class A) (a) | 1,384 | 24,690 | ||||||
GAMCO Investors, Inc. (Class A) | 232 | 20,177 | ||||||
GFI Group, Inc. | 2,624 | 10,260 | ||||||
Greenhill & Co., Inc. (a) | 1,031 | 59,736 | ||||||
HFF, Inc. (Class A) (a)(b) | 1,255 | 33,697 | ||||||
ICG Group, Inc. (a)(b) | 1,438 | 26,790 | ||||||
Intl. FCStone, Inc. (a)(b) | 537 | 9,956 | ||||||
Investment Technology Group, Inc. (a)(b) | 1,402 | 28,825 | ||||||
Janus Capital Group, Inc. (a) | 5,638 | 69,742 | ||||||
JMP Group, Inc. | 594 | 4,395 | ||||||
KCG Holdings, Inc. (Class A) (a)(b) | 2,677 | 32,017 | ||||||
Ladenburg Thalmann Financial Services, Inc. (a)(b) | 3,882 | 12,151 | ||||||
Manning & Napier, Inc. | 517 | 9,125 | ||||||
Marcus & Millichap, Inc. (a)(b) | 214 | 3,189 | ||||||
Oppenheimer Holdings, Inc. (Class A) (a) | 378 | 9,367 | ||||||
Piper Jaffray Co., Inc. (a)(b) | 616 | 24,363 | ||||||
Pzena Investment Management, Inc. (Class A) (a) | 430 | 5,057 | ||||||
RCS Capital Corp. (Class A) (a) | 64 | 1,174 | ||||||
Safeguard Scientifics, Inc. (a)(b) | 790 | 15,871 | ||||||
Silvercrest Asset Management Group, Inc. (Class A) | 233 | 3,973 | ||||||
Stifel Financial Corp. (a)(b) | 2,411 | 115,535 | ||||||
SWS Group, Inc. (b) | 1,096 | 6,664 | ||||||
Virtus Investment Partners, Inc. (a)(b) | 254 | 50,813 | ||||||
Walter Investment Management Corp. (a)(b) | 1,397 | 49,398 | ||||||
Westwood Holdings Group, Inc. (a) | 268 | 16,592 | ||||||
WisdomTree Investments, Inc. (a)(b) | 3,791 | 67,139 | ||||||
1,033,545 | ||||||||
CHEMICALS — 2.4% | ||||||||
A. Schulman, Inc. | 1,114 | 39,280 | ||||||
Advanced Emissions Solutions, Inc. (b) | 380 | 20,607 | ||||||
American Pacific Corp. (a)(b) | 216 | 8,048 | ||||||
American Vanguard Corp. | 1,078 | 26,185 | ||||||
Arabian American Development Co. (b) | 754 | 9,463 | ||||||
Axiall Corp. (a) | 2,645 | 125,479 | ||||||
Balchem Corp. | 1,120 | 65,744 | ||||||
Calgon Carbon Corp. (a)(b) | 2,045 | 42,066 | ||||||
Chase Corp. (a) | 249 | 8,790 | ||||||
Chemtura Corp. (a)(b) | 3,728 | 104,086 | ||||||
Ferro Corp. (b) | 2,732 | 35,051 | ||||||
Flotek Industries, Inc. (a)(b) | 1,798 | 36,086 | ||||||
FutureFuel Corp. (a) | 826 | 13,051 | ||||||
GSE Holding, Inc. (b) | 306 | 633 | ||||||
H.B. Fuller Co. (a) | 1,903 | 99,032 | ||||||
Hawkins, Inc. (a) | 358 | 13,314 | ||||||
Innophos Holdings, Inc. (a) | 826 | 40,144 | ||||||
Innospec, Inc. (a) | 882 | 40,766 | ||||||
Intrepid Potash, Inc. (a)(b) | 2,066 | 32,725 | ||||||
KMG Chemicals, Inc. (a) | 306 | 5,168 | ||||||
Koppers Holdings, Inc. | 787 | 36,005 | ||||||
Kraton Performance Polymers, Inc. (b) | 1,222 | 28,167 | ||||||
Landec Corp. (a)(b) | 972 | 11,781 | ||||||
LSB Industries, Inc. (a)(b) | 720 | 29,534 | ||||||
Marrone Bio Innovations, Inc. (a)(b) | 213 | 3,787 | ||||||
Minerals Technologies, Inc. | 1,283 | 77,070 | ||||||
Olin Corp. (a) | 3,033 | 87,502 | ||||||
OM Group, Inc. (a)(b) | 1,204 | 43,838 | ||||||
Omnova Solutions, Inc. (b) | 1,778 | 16,198 | ||||||
Penford Corp. (a)(b) | 360 | 4,626 | ||||||
PolyOne Corp. (a) | 3,762 | 132,987 | ||||||
Quaker Chemical Corp. | 502 | 38,689 | ||||||
Sensient Technologies Corp. (a) | 1,893 | 91,848 | ||||||
Stepan Co. (a) | 717 | 47,057 | ||||||
Taminco Corp. (b) | 594 | 12,005 | ||||||
Tredegar Corp. (a) | 934 | 26,908 | ||||||
Zep, Inc. (a) | 859 | 15,599 | ||||||
Zoltek Cos., Inc. (a)(b) | 1,042 | 17,453 | ||||||
1,486,772 | ||||||||
COMMERCIAL BANKS — 7.4% | ||||||||
1st Source Corp. | 574 | 18,334 | ||||||
1st United Bancorp, Inc. (a) | 1,132 | 8,614 | ||||||
Access National Corp. (a) | 270 | 4,036 | ||||||
American National Bankshares, Inc. (a) | 301 | 7,901 | ||||||
Ameris Bancorp (b) | 898 | 18,957 | ||||||
Ames National Corp. | 357 | 7,993 | ||||||
Arrow Financial Corp. | 396 | 10,518 | ||||||
Bancfirst Corp. (a) | 270 | 15,136 | ||||||
Banco Latinoamericano de Comercio Exterior SA | 1,111 | 31,130 | ||||||
Bancorp, Inc. (a)(b) | 1,240 | 22,208 | ||||||
BancorpSouth, Inc. (a) | 3,593 | 91,334 | ||||||
Bank of Kentucky Financial Corp. | 234 | 8,635 | ||||||
Bank of Marin Bancorp (a) | 199 | 8,635 | ||||||
Bank of the Ozarks, Inc. (a) | 1,112 | 62,928 | ||||||
Banner Corp. | 736 | 32,987 | ||||||
Bar Harbor Bankshares | 144 | 5,759 | ||||||
BBCN Bancorp, Inc. (a) | 2,983 | 49,488 | ||||||
BNC Bancorp | 684 | 11,724 | ||||||
Boston Private Financial Holdings, Inc. (a) | 3,004 | 37,910 | ||||||
Bridge Bancorp, Inc. | 495 | 12,870 | ||||||
Bridge Capital Holdings (a)(b) | 360 | 7,394 | ||||||
Bryn Mawr Bank Corp. | 504 | 15,211 | ||||||
C&F Financial Corp. | 126 | 5,754 | ||||||
Camden National Corp. | 288 | 12,159 | ||||||
Capital Bank Financial Corp. (Class A) (b) | 931 | 21,180 | ||||||
Capital City Bank Group, Inc. (a)(b) | 468 | 5,508 | ||||||
Cardinal Financial Corp. (a) | 1,147 | 20,646 | ||||||
Cascade Bancorp (b) | 234 | 1,224 |
See accompanying notes to financial statements.
155
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Cathay General Bancorp (a) | 2,979 | $ | 79,629 | |||||
Center Bancorp, Inc. (a) | 448 | 8,404 | ||||||
Centerstate Banks, Inc. | 1,132 | 11,490 | ||||||
Central Pacific Financial Corp. (a) | 826 | 16,586 | ||||||
Century Bancorp, Inc. (Class A) | 126 | 4,189 | ||||||
Chemical Financial Corp. (a) | 1,125 | 35,629 | ||||||
Chemung Financial Corp. (a) | 142 | 4,852 | ||||||
Citizens & Northern Corp. | 468 | 9,655 | ||||||
City Holding Co. (a) | 592 | 27,427 | ||||||
CNB Financial Corp. (a) | 524 | 9,956 | ||||||
CoBiz Financial, Inc. | 1,332 | 15,931 | ||||||
Columbia Banking System, Inc. | 1,924 | 52,929 | ||||||
Community Bank System, Inc. (a) | 1,510 | 59,917 | ||||||
Community Trust Bancorp, Inc. (a) | 522 | 23,573 | ||||||
CommunityOne Bancorp (a)(b) | 396 | 5,049 | ||||||
ConnectOne Bancorp, Inc. (a)(b) | 72 | 2,853 | ||||||
CU Bancorp (a)(b) | 358 | 6,258 | ||||||
Customers Bancorp, Inc. (b) | 754 | 15,427 | ||||||
CVB Financial Corp. (a) | 3,467 | 59,182 | ||||||
Eagle Bancorp, Inc. (b) | 844 | 25,852 | ||||||
Enterprise Bancorp, Inc. (a) | 270 | 5,716 | ||||||
Enterprise Financial Services Corp. (a) | 684 | 13,967 | ||||||
F.N.B. Corp. (a) | 5,704 | 71,984 | ||||||
Farmers Capital Bank Corp. (a)(b) | 286 | 6,220 | ||||||
Fidelity Southern Corp. (a) | 567 | 9,418 | ||||||
Financial Institutions, Inc. (a) | 522 | 12,899 | ||||||
First Bancorp (a) | 738 | 12,266 | ||||||
First Bancorp, Inc. (a) | 360 | 6,271 | ||||||
First BanCorp- Puerto Rico (a)(b) | 2,727 | 16,880 | ||||||
First Busey Corp. (a) | 2,732 | 15,846 | ||||||
First Commonwealth Financial Corp. (a) | 3,699 | 32,625 | ||||||
First Community Bancshares, Inc. (a) | 679 | 11,339 | ||||||
First Connecticut Bancorp, Inc. (a) | 646 | 10,413 | ||||||
First Financial Bancorp (a) | 2,189 | 38,154 | ||||||
First Financial Bankshares, Inc. (a) | 1,191 | 78,987 | ||||||
First Financial Corp. | 430 | 15,721 | ||||||
First Financial Holdings, Inc. | 917 | 60,990 | ||||||
First Interstate Bancsystem, Inc. | 664 | 18,838 | ||||||
First Merchants Corp. (a) | 1,406 | 32,001 | ||||||
First Midwest Bancorp, Inc. | 2,835 | 49,698 | ||||||
First NBC Bank Holding Co. (a)(b) | 162 | 5,233 | ||||||
First Security Group, Inc. (b) | 2,362 | 5,433 | ||||||
FirstMerit Corp. | 6,273 | 139,449 | ||||||
Flushing Financial Corp. | 1,168 | 24,178 | ||||||
German American Bancorp, Inc. (a) | 484 | 13,794 | ||||||
Glacier Bancorp, Inc. | 2,651 | 78,973 | ||||||
Great Southern Bancorp, Inc. (a) | 394 | 11,982 | ||||||
Guaranty Bancorp (a) | 556 | 7,812 | ||||||
Hampton Roads Bankshares, Inc. (b) | 1,276 | 2,233 | ||||||
Hancock Holding Co. (a) | 3,172 | 116,349 | ||||||
Hanmi Financial Corp. (a) | 1,186 | 25,962 | ||||||
Heartland Financial USA, Inc. (a) | 558 | 16,065 | ||||||
Heritage Commerce Corp. | 790 | 6,510 | ||||||
Heritage Financial Corp. (a) | 574 | 9,821 | ||||||
Heritage Oaks Bancorp (b) | 756 | 5,670 | ||||||
Home Bancshares, Inc. (a) | 1,708 | 63,794 | ||||||
Home Federal Bancorp, Inc. | 540 | 8,046 | ||||||
HomeTrust Bancshares, Inc. (b) | 790 | 12,632 | ||||||
Horizon Bancorp (a) | 324 | 8,207 | ||||||
Hudson Valley Holding Corp. (a) | 625 | 12,719 | ||||||
IBERIABANK Corp. (a) | 1,055 | 66,307 | ||||||
Independent Bank Corp.-Massachusetts (a) | 946 | 37,074 | ||||||
Independent Bank Group, Inc. (a) | 144 | 7,151 | ||||||
International Bancshares Corp. (a) | 2,014 | 53,149 | ||||||
Intervest Bancshares Corp. (a)(b) | 681 | 5,114 | ||||||
Investors Bancorp, Inc. | 1,913 | 48,935 | ||||||
Lakeland Bancorp, Inc. (a) | 1,349 | 16,687 | ||||||
Lakeland Financial Corp. (a) | 625 | 24,375 | ||||||
LCNB Corp. | 236 | 4,217 | ||||||
Macatawa Bank Corp. (b) | 898 | 4,490 | ||||||
MainSource Financial Group, Inc. | 772 | 13,919 | ||||||
MB Financial, Inc. | 2,066 | 66,298 | ||||||
Mercantile Bank Corp. (a) | 324 | 6,992 | ||||||
Merchants Bancshares, Inc. | 216 | 7,236 | ||||||
Metro Bancorp, Inc. (b) | 538 | 11,588 | ||||||
MetroCorp Bancshares, Inc. | 596 | 8,982 | ||||||
Middleburg Financial Corp. | 198 | 3,572 | ||||||
MidSouth Bancorp, Inc. (a) | 306 | 5,465 | ||||||
MidWestOne Financial Group, Inc. | 252 | 6,854 | ||||||
National Bankshares, Inc. | 268 | 9,886 | ||||||
National Penn Bancshares, Inc. (a) | 4,417 | 50,045 | ||||||
NBT Bancorp, Inc. (a) | 1,654 | 42,839 | ||||||
NewBridge Bancorp (a)(b) | 952 | 7,140 | ||||||
Northrim BanCorp, Inc. | 250 | 6,560 | ||||||
OFG Bancorp | 1,724 | 29,894 | ||||||
Old National Bancorp (a) | 3,827 | 58,821 | ||||||
OmniAmerican Bancorp, Inc. (b) | 432 | 9,236 | ||||||
Pacific Continental Corp. | 681 | 10,855 | ||||||
Pacific Premier Bancorp, Inc. (a)(b) | 624 | 9,822 | ||||||
PacWest Bancorp (a) | 1,435 | 60,586 | ||||||
Palmetto Bancshares, Inc. (b) | 162 | 2,100 | ||||||
Park National Corp. (a) | 432 | 36,750 | ||||||
Park Sterling Corp. | 1,690 | 12,067 | ||||||
Peapack Gladstone Financial Corp. | 352 | 6,723 | ||||||
Penns Woods Bancorp, Inc. | 180 | 9,180 | ||||||
Peoples Bancorp, Inc. (a) | 412 | 9,274 | ||||||
Pinnacle Financial Partners, Inc. (a) | 1,327 | 43,167 | ||||||
Preferred Bank (b) | 445 | 8,922 | ||||||
PrivateBancorp, Inc. (a) | 2,425 | 70,155 | ||||||
Prosperity Bancshares, Inc. | 2,286 | 144,910 | ||||||
Renasant Corp. (a) | 1,149 | 36,148 | ||||||
Republic Bancorp, Inc. (Class A) (a) | 360 | 8,834 | ||||||
S&T Bancorp, Inc. (a) | 1,116 | 28,246 | ||||||
S.Y. Bancorp, Inc. (a) | 522 | 16,662 | ||||||
Sandy Spring Bancorp, Inc. | 936 | 26,386 | ||||||
Seacoast Banking Corp. of Florida (b) | 561 | 6,841 | ||||||
Sierra Bancorp (a) | 466 | 7,498 | ||||||
Simmons First National Corp. (a) | 628 | 23,330 | ||||||
Southside Bancshares, Inc. (a) | 666 | 18,208 | ||||||
Southwest Bancorp, Inc. (a)(b) | 738 | 11,749 | ||||||
State Bank Financial Corp. (a) | 1,204 | 21,901 | ||||||
StellarOne Corp. | 862 | 20,748 | ||||||
Sterling Bancorp | 3,145 | 42,049 | ||||||
Sterling Financial Corp. | 1,276 | 43,486 | ||||||
Suffolk Bancorp (b) | 432 | 8,986 | ||||||
Sun Bancorp, Inc. (a)(b) | 1,528 | 5,379 |
See accompanying notes to financial statements.
156
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Susquehanna Bancshares, Inc. | 7,040 | $ | 90,394 | |||||
Taylor Capital Group, Inc. (a)(b) | 648 | 17,224 | ||||||
Texas Capital Bancshares, Inc. (a)(b) | 1,549 | 96,348 | ||||||
The First of Long Island Corp. (a) | 304 | 13,032 | ||||||
The National Bank Holdings Corp. (Class A) (a) | 1,661 | 35,545 | ||||||
Tompkins Financial Corp. (a) | 540 | 27,751 | ||||||
TowneBank (a) | 988 | 15,205 | ||||||
Trico Bancshares (a) | 610 | 17,306 | ||||||
Tristate Capital Holdings, Inc. (a)(b) | 252 | 2,989 | ||||||
Trustmark Corp. (a) | 2,534 | 68,013 | ||||||
UMB Financial Corp. (a) | 1,354 | 87,035 | ||||||
Umpqua Holdings Corp. (a) | 4,143 | 79,297 | ||||||
Union First Market Bankshares Corp. (a) | 756 | 18,756 | ||||||
United Bankshares, Inc. (a) | 1,903 | 59,849 | ||||||
United Community Banks, Inc. (a)(b) | 1,631 | 28,950 | ||||||
Univest Corp. of Pennsylvania | 630 | 13,028 | ||||||
VantageSouth Bancshares, Inc. (b) | 450 | 2,371 | ||||||
ViewPoint Financial Group (a) | 1,510 | 41,449 | ||||||
Virginia Commerce Bancorp, Inc. (a)(b) | 1,023 | 17,381 | ||||||
Washington Banking Co. | 591 | 10,478 | ||||||
Washington Trust Bancorp, Inc. | 540 | 20,099 | ||||||
Webster Financial Corp. (a) | 3,420 | 106,636 | ||||||
WesBanco, Inc. | 972 | 31,104 | ||||||
West Bancorporation, Inc. | 544 | 8,606 | ||||||
Westamerica Bancorporation (a) | 1,024 | 57,815 | ||||||
Western Alliance Bancorp (b) | 2,799 | 66,784 | ||||||
Wilshire Bancorp, Inc. (a) | 2,348 | 25,664 | ||||||
Wintrust Financial Corp. (a) | 1,407 | 64,891 | ||||||
Yadkin Financial Corp. (b) | 540 | 9,202 | ||||||
4,623,046 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.2% | ||||||||
ABM Industries, Inc. | 2,065 | 59,038 | ||||||
ACCO Brands Corp. (b) | 4,291 | 28,836 | ||||||
Acorn Energy, Inc. | 796 | 3,240 | ||||||
ARC Document Solutions, Inc. (a)(b) | 1,420 | 11,672 | ||||||
Casella Waste Systems, Inc. (Class A) (b) | 1,456 | 8,445 | ||||||
Ceco Environmental Corp. (a) | 680 | 10,996 | ||||||
Cenveo, Inc. (a)(b) | 2,032 | 6,990 | ||||||
Compx International, Inc. (a) | 36 | 507 | ||||||
Consolidated Graphics, Inc. (b) | 270 | 18,209 | ||||||
Courier Corp. | 432 | 7,815 | ||||||
Deluxe Corp. (a) | 1,929 | 100,675 | ||||||
EnerNOC, Inc. (b) | 988 | 17,004 | ||||||
Ennis, Inc. | 988 | 17,488 | ||||||
G & K Services, Inc. (Class A) (a) | 736 | 45,801 | ||||||
Healthcare Services Group, Inc. (a) | 2,585 | 73,336 | ||||||
Heritage-Crystal Clean, Inc. (a)(b) | 340 | 6,967 | ||||||
Herman Miller, Inc. (a) | 2,210 | 65,239 | ||||||
HNI Corp. | 1,721 | 66,826 | ||||||
Innerworkings, Inc. (a)(b) | 1,672 | 13,025 | ||||||
Interface, Inc. (a) | 2,243 | 49,256 | ||||||
Intersections, Inc. (a) | 360 | 2,804 | ||||||
Kimball International, Inc. (Class B) | 1,222 | 18,367 | ||||||
Knoll, Inc. | 1,816 | 33,251 | ||||||
McGrath Rentcorp (a) | 952 | 37,890 | ||||||
Mine Safety Appliances Co. | 1,066 | 54,590 | ||||||
Mobile Mini, Inc. (b) | 1,451 | 59,752 | ||||||
Multi-Color Corp. (a) | 466 | 17,587 | ||||||
NL Industries, Inc. (a) | 252 | 2,817 | ||||||
Performant Financial Corp. (a)(b) | 844 | 8,693 | ||||||
Quad Graphics, Inc. (a) | 949 | 25,841 | ||||||
Schawk, Inc. (a) | 504 | 7,494 | ||||||
SP Plus Corp. (a)(b) | 576 | 14,999 | ||||||
Steelcase, Inc. (Class A) | 3,182 | 50,467 | ||||||
Swisher Hygiene, Inc. (a)(b) | 4,295 | 2,208 | ||||||
Team, Inc. (b) | 774 | 32,771 | ||||||
Tetra Tech, Inc. (b) | 2,427 | 67,907 | ||||||
The Brink’s Co. (a) | 1,813 | 61,896 | ||||||
The Geo Group, Inc. (a) | 2,704 | 87,123 | ||||||
TRC Cos., Inc. (b) | 610 | 4,355 | ||||||
UniFirst Corp. | 559 | 59,813 | ||||||
United Stationers, Inc. (a) | 1,479 | 67,871 | ||||||
US Ecology, Inc. | 706 | 26,256 | ||||||
Viad Corp. | 772 | 21,446 | ||||||
West Corp. | 808 | 20,774 | ||||||
1,398,337 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.8% | ||||||||
ADTRAN, Inc. (a) | 2,243 | 60,583 | ||||||
Alliance Fiber Optic Products, Inc. (a) | 432 | 6,502 | ||||||
Anaren, Inc. (b) | 432 | 12,092 | ||||||
Applied Optoelectronics, Inc. (a)(b) | 109 | 1,636 | ||||||
Arris Group, Inc. (b) | 4,305 | 104,891 | ||||||
Aruba Networks, Inc. (b) | 4,225 | 75,627 | ||||||
Aviat Networks, Inc. (a)(b) | 2,315 | 5,232 | ||||||
Bel Fuse, Inc. (Class B) | 376 | 8,013 | ||||||
Black Box Corp. (a) | 610 | 18,178 | ||||||
CalAmp Corp. (a)(b) | 1,329 | 37,172 | ||||||
Calix, Inc. (b) | 1,510 | 14,556 | ||||||
Ciena Corp. (b) | 3,729 | 89,235 | ||||||
Comtech Telecommunications Corp. | 630 | 19,858 | ||||||
Digi International, Inc. (a)(b) | 972 | 11,781 | ||||||
Emulex Corp. (b) | 2,809 | 20,112 | ||||||
Extreme Networks, Inc. (b) | 3,506 | 24,542 | ||||||
Finisar Corp. (a)(b) | 3,427 | 81,974 | ||||||
Harmonic, Inc. (a)(b) | 3,863 | 28,509 | ||||||
Infinera Corp. (b) | 4,381 | 42,846 | ||||||
InterDigital, Inc. | 1,614 | 47,597 | ||||||
Ixia (a)(b) | 2,135 | 28,417 | ||||||
KVH Industries, Inc. (b) | 591 | 7,701 | ||||||
Netgear, Inc. (a)(b) | 1,456 | 47,961 | ||||||
Numerex Corp. (Class A) (a)(b) | 522 | 6,760 | ||||||
Oplink Communications, Inc. (a)(b) | 718 | 13,355 | ||||||
Parkervision, Inc. (a)(b) | 3,341 | 15,202 | ||||||
PC-Tel, Inc. | 700 | 6,699 | ||||||
Plantronics, Inc. (a) | 1,641 | 76,224 | ||||||
Procera Networks, Inc. (b) | 774 | 11,625 | ||||||
Ruckus Wireless, Inc. (a)(b) | 1,642 | 23,316 | ||||||
ShoreTel, Inc. (b) | 2,225 | 20,648 | ||||||
Sonus Networks, Inc. (b) | 8,139 | 25,638 | ||||||
Tessco Technologies, Inc. | 211 | 8,508 | ||||||
Ubiquiti Networks, Inc. (a)(b) | 468 | 21,509 | ||||||
ViaSat, Inc. (a)(b) | 1,496 | 93,724 |
See accompanying notes to financial statements.
157
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Westell Technologies, Inc. (Class A) (b) | 1,672 | $ | 6,772 | |||||
1,124,995 | ||||||||
COMPUTERS & PERIPHERALS — 0.4% | ||||||||
Avid Technology, Inc. (a)(b) | 1,168 | 9,519 | ||||||
Cray, Inc. (a)(b) | 1,492 | 40,970 | ||||||
Datalink Corp. (a)(b) | 739 | 8,055 | ||||||
Electronics for Imaging, Inc. (b) | 1,757 | 68,049 | ||||||
Fusion-io, Inc. (a)(b) | 2,883 | 25,688 | ||||||
Hutchinson Technology, Inc. (b) | 880 | 2,816 | ||||||
Imation Corp. (b) | 1,276 | 5,972 | ||||||
Immersion Corp. (a)(b) | 1,059 | 10,992 | ||||||
QLogic Corp. (b) | 3,359 | 39,737 | ||||||
Quantum Corp. (a)(b) | 8,013 | 9,616 | ||||||
Silicon Graphics International Corp. (a)(b) | 1,276 | 17,111 | ||||||
Super Micro Computer, Inc. (b) | 1,204 | 20,661 | ||||||
Violin Memory, Inc. (a)(b) | 439 | 1,738 | ||||||
260,924 | ||||||||
CONSTRUCTION & ENGINEERING — 0.9% | ||||||||
Aegion Corp. (a)(b) | 1,474 | 32,266 | ||||||
Ameresco, Inc. (Class A) (a)(b) | 736 | 7,110 | ||||||
Argan, Inc. (a) | 522 | 14,386 | ||||||
Comfort Systems USA, Inc. | 1,402 | 27,185 | ||||||
Dycom Industries, Inc. (a)(b) | 1,240 | 34,460 | ||||||
EMCOR Group, Inc. | 2,541 | 107,840 | ||||||
Furmanite Corp. (b) | 1,415 | 15,027 | ||||||
Granite Construction, Inc. (a) | 1,469 | 51,386 | ||||||
Great Lakes Dredge & Dock Corp. (a)(b) | 2,245 | 20,654 | ||||||
Layne Christensen Co. (a)(b) | 754 | 12,878 | ||||||
Mastec, Inc. (a)(b) | 2,245 | 73,456 | ||||||
MYR Group, Inc. (a)(b) | 790 | 19,813 | ||||||
Northwest Pipe Co. (a)(b) | 360 | 13,594 | ||||||
Orion Marine Group, Inc. (a)(b) | 1,024 | 12,319 | ||||||
Pike Corp. (b) | 985 | 10,411 | ||||||
Primoris Services Corp. (a) | 1,330 | 41,403 | ||||||
Sterling Construction Co., Inc. (b) | 628 | 7,366 | ||||||
Tutor Perini Corp. (b) | 1,402 | 36,873 | ||||||
538,427 | ||||||||
CONSTRUCTION MATERIALS — 0.2% | ||||||||
Headwaters, Inc. (a)(b) | 2,763 | 27,050 | ||||||
Texas Industries, Inc. (b) | 826 | 56,812 | ||||||
United States Lime & Minerals, Inc. (b) | 72 | 4,404 | ||||||
US Concrete, Inc. (b) | 536 | 12,130 | ||||||
100,396 | ||||||||
CONSUMER FINANCE — 0.8% | ||||||||
Cash America International, Inc. (a) | 1,078 | 41,287 | ||||||
Consumer Portfolio Services, Inc. (a)(b) | 678 | 6,366 | ||||||
Credit Acceptance Corp. (a)(b) | 271 | 35,227 | ||||||
DFC Global Corp. (a)(b) | 1,528 | 17,496 | ||||||
Encore Capital Group, Inc. (a)(b) | 954 | 47,948 | ||||||
Ezcorp, Inc. (Class A) (a)(b) | 1,924 | 22,492 | ||||||
First Cash Financial Services, Inc. (a)(b) | 1,101 | 68,086 | ||||||
Green Dot Corp. (Class A) (a)(b) | 970 | 24,395 | ||||||
Imperial Holdings, Inc. (a)(b) | 648 | 4,238 | ||||||
JGWPT Holdings, Inc. (Class A) (b) | 320 | 5,565 | ||||||
Nelnet, Inc. (Class A) | 862 | 36,325 | ||||||
Nicholas Financial, Inc. | 394 | 6,202 | ||||||
Portfolio Recovery Associates, Inc. (a)(b) | 1,919 | 101,400 | ||||||
Regional Management Corp. (a)(b) | 198 | 6,718 | ||||||
Springleaf Holdings, Inc. (b) | 851 | 21,513 | ||||||
The First Marblehead Corp. (b) | 344 | 2,542 | ||||||
World Acceptance Corp. (a)(b) | 305 | 26,697 | ||||||
474,497 | ||||||||
CONTAINERS & PACKAGING — 0.2% | ||||||||
AEP Industries, Inc. (b) | 162 | 8,559 | ||||||
Berry Plastics Group, Inc. (b) | 2,086 | 49,626 | ||||||
Graphic Packaging Holding Co. (b) | 7,194 | 69,062 | ||||||
Myers Industries, Inc. | 1,060 | 22,387 | ||||||
UFP Technologies, Inc. (b) | 216 | 5,448 | ||||||
155,082 | ||||||||
DISTRIBUTORS — 0.2% | ||||||||
Core-Mark Holding Co., Inc. | 432 | 32,802 | ||||||
Pool Corp. (a) | 1,766 | 102,675 | ||||||
VOXX International Corp. (a)(b) | 702 | 11,723 | ||||||
Weyco Group, Inc. | 250 | 7,358 | ||||||
154,558 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 1.1% | ||||||||
American Public Education, Inc. (b) | 664 | 28,864 | ||||||
Ascent Capital Group Inc (Class A) (a)(b) | 538 | 46,031 | ||||||
Bridgepoint Education, Inc. (a)(b) | 697 | 12,344 | ||||||
Bright Horizons Family Solutions, Inc. (a)(b) | 450 | 16,533 | ||||||
Capella Education Co. (a) | 414 | 27,506 | ||||||
Career Education Corp. (a)(b) | 2,084 | 11,879 | ||||||
Carriage Services, Inc. (a) | 594 | 11,601 | ||||||
Corinthian Colleges, Inc. (a)(b) | 2,997 | 5,335 | ||||||
Education Management Corp. (a)(b) | 916 | 9,242 | ||||||
Grand Canyon Education, Inc. (a)(b) | 1,669 | 72,768 | ||||||
Hillenbrand, Inc. | 2,070 | 60,899 | ||||||
Houghton Mifflin Harcourt Co. (a)(b) | 644 | 10,922 | ||||||
ITT Educational Services, Inc. (b) | 880 | 29,550 | ||||||
JTH Holding, Inc. (Class A) (b) | 178 | 4,325 | ||||||
K12, Inc. (b) | 1,024 | 22,272 | ||||||
LifeLock, Inc. (b) | 2,297 | 37,694 | ||||||
Lincoln Educational Services Corp. (a) | 900 | 4,482 | ||||||
Mac-Gray Corp. (a) | 450 | 9,554 | ||||||
Matthews International Corp. (Class A) (a) | 1,042 | 44,400 | ||||||
Regis Corp. (a) | 1,796 | 26,060 | ||||||
Sotheby’s | 2,526 | 134,383 | ||||||
Steiner Leisure, Ltd. (b) | 556 | 27,350 | ||||||
Strayer Education, Inc. (a) | 412 | 14,202 | ||||||
Universal Technical Institute, Inc. | 805 | 11,198 | ||||||
679,394 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.3% | ||||||||
California First National Bancorp | 90 | 1,359 | ||||||
Gain Capital Holdings, Inc. (a) | 414 | 3,109 |
See accompanying notes to financial statements.
158
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
MarketAxess Holdings, Inc. (a) | 1,424 | $ | 95,223 | |||||
Marlin Business Services Corp. | 306 | 7,711 | ||||||
NewStar Financial, Inc. (a)(b) | 988 | 17,557 | ||||||
PHH Corp. (a)(b) | 2,156 | 52,498 | ||||||
Pico Holdings, Inc. (b) | 862 | 19,921 | ||||||
Resource America, Inc. (Class A) | 463 | 4,334 | ||||||
201,712 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.6% | ||||||||
8x8, Inc. (a)(b) | 2,759 | 28,031 | ||||||
Atlantic Tele-Network, Inc. (a) | 342 | 19,347 | ||||||
Cbeyond, Inc. (b) | 1,008 | 6,955 | ||||||
Cincinnati Bell, Inc. (a)(b) | 7,848 | 27,939 | ||||||
Cogent Communications Group, Inc. (a) | 1,780 | 71,930 | ||||||
Consolidated Communications Holdings, Inc. | 1,510 | 29,641 | ||||||
Fairpoint Communications, Inc. (a)(b) | 789 | 8,924 | ||||||
General Communication, Inc. (Class A) (b) | 1,186 | 13,224 | ||||||
Hawaiian Telcom Holdco, Inc. (b) | 394 | 11,572 | ||||||
HickoryTech Corp. (a) | 519 | 6,659 | ||||||
IDT Corp. (Class B) | 576 | 10,293 | ||||||
inContact, Inc. (a)(b) | 2,012 | 15,714 | ||||||
Inteliquent, Inc. (a) | 1,222 | 13,955 | ||||||
Iridium Communications, Inc. (b) | 2,425 | 15,181 | ||||||
Lumos Networks Corp. | 576 | 12,096 | ||||||
magicJack VocalTec, Ltd. (b) | 700 | 8,344 | ||||||
ORBCOMM, Inc. (b) | 1,366 | 8,660 | ||||||
Premiere Global Services, Inc. (b) | 1,816 | 21,047 | ||||||
Straight Path Communications, Inc. (Class B) (a)(b) | 288 | 2,359 | ||||||
Towerstream Corp. (a)(b) | 2,511 | 7,433 | ||||||
Vonage Holdings Corp. (b) | 5,859 | 19,510 | ||||||
358,814 | ||||||||
ELECTRIC UTILITIES — 1.4% | ||||||||
ALLETE, Inc. | 1,514 | 75,518 | ||||||
Cleco Corp. | 2,288 | 106,667 | ||||||
El Paso Electric Co. | 1,523 | 53,472 | ||||||
IDACORP, Inc. (a) | 1,901 | 98,548 | ||||||
MGE Energy, Inc. | 877 | 50,778 | ||||||
NRG Yield, Inc. (Class A) (a) | 855 | 34,208 | ||||||
Otter Tail Corp. (a) | 1,366 | 39,983 | ||||||
PNM Resources, Inc. (a) | 2,897 | 69,876 | ||||||
Portland General Electric Co. (a) | 2,865 | 86,523 | ||||||
The Empire District Electric Co. | 1,613 | 36,599 | ||||||
UIL Holdings Corp. | 2,137 | 82,809 | ||||||
Unitil Corp. | 522 | 15,916 | ||||||
UNS Energy Corp. | 1,569 | 93,905 | ||||||
844,802 | ||||||||
ELECTRICAL EQUIPMENT — 1.6% | ||||||||
Acuity Brands, Inc. (a) | 1,622 | 177,317 | ||||||
American Superconductor Corp. (a)(b) | 1,829 | 2,999 | ||||||
AZZ, Inc. (a) | 967 | 47,248 | ||||||
Brady Corp. (Class A) | 1,744 | 53,942 | ||||||
Capstone Turbine Corp. (a)(b) | 11,498 | 14,832 | ||||||
Coleman Cable, Inc. (a) | 340 | 8,915 | ||||||
Encore Wire Corp. (a) | 820 | 44,444 | ||||||
EnerSys (a) | 1,752 | 122,798 | ||||||
Enphase Energy, Inc. (b) | 607 | 3,848 | ||||||
Franklin Electric Co., Inc. (a) | 1,793 | 80,039 | ||||||
FuelCell Energy, Inc. (a)(b) | 5,987 | 8,442 | ||||||
Generac Holdings, Inc. (a) | 1,890 | 107,050 | ||||||
General Cable Corp. (a) | 1,883 | 55,379 | ||||||
Global Power Equipment Group, Inc. (a) | 646 | 12,642 | ||||||
GrafTech International, Ltd. (a)(b) | 4,417 | 49,603 | ||||||
II-VI, Inc. (b) | 1,924 | 33,862 | ||||||
LSI Industries, Inc. | 810 | 7,023 | ||||||
Polypore International, Inc. (a)(b) | 1,767 | 68,736 | ||||||
Powell Industries, Inc. (a) | 342 | 22,911 | ||||||
Power Solutions International, Inc. (a)(b) | 88 | 6,609 | ||||||
PowerSecure International, Inc. (a)(b) | 826 | 14,182 | ||||||
Preformed Line Products Co. (a) | 123 | 8,999 | ||||||
Revolution Lighting Technologies, Inc. (a)(b) | 1,114 | 3,815 | ||||||
Thermon Group Holdings, Inc. (a)(b) | 1,024 | 27,986 | ||||||
Vicor Corp. (b) | 666 | 8,938 | ||||||
992,559 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.8% | ||||||||
Aeroflex Holding Corp. (b) | 738 | 4,797 | ||||||
Agilysys, Inc. (b) | 538 | 7,489 | ||||||
Anixter International, Inc. (a) | 1,027 | 92,266 | ||||||
Audience, Inc. (a)(b) | 360 | 4,190 | ||||||
Badger Meter, Inc. (a) | 540 | 29,430 | ||||||
Belden, Inc. (a) | 1,672 | 117,792 | ||||||
Benchmark Electronics, Inc. (b) | 2,050 | 47,314 | ||||||
Checkpoint Systems, Inc. (b) | 1,546 | 24,380 | ||||||
Cognex Corp. (a) | 3,285 | 125,421 | ||||||
Coherent, Inc. (a)(b) | 849 | 63,157 | ||||||
Control4 Corp. (a)(b) | 195 | 3,452 | ||||||
CTS Corp. | 1,258 | 25,047 | ||||||
Daktronics, Inc. | 1,384 | 21,701 | ||||||
DTS, Inc. (a)(b) | 684 | 16,402 | ||||||
Electro Rent Corp. (a) | 702 | 13,001 | ||||||
Electro Scientific Industries, Inc. | 898 | 9,393 | ||||||
Fabrinet (a)(b) | 1,075 | 22,102 | ||||||
FARO Technologies, Inc. (a)(b) | 646 | 37,662 | ||||||
FEI Co. | 1,581 | 141,278 | ||||||
GSI Group, Inc. (a)(b) | 1,150 | 12,926 | ||||||
Insight Enterprises, Inc. (b) | 1,636 | 37,154 | ||||||
InvenSense, Inc. (a)(b) | 2,140 | 44,469 | ||||||
Itron, Inc. (b) | 1,492 | 61,814 | ||||||
Kemet Corp. (b) | 1,690 | 9,532 | ||||||
Littelfuse, Inc. (a) | 812 | 75,459 | ||||||
Maxwell Technologies, Inc. (a)(b) | 1,096 | 8,516 | ||||||
Measurement Specialties, Inc. (a)(b) | 617 | 37,446 | ||||||
Mercury Computer Systems, Inc. (b) | 1,222 | 13,381 | ||||||
Mesa Laboratories, Inc. | 106 | 8,329 | ||||||
Methode Electronics, Inc. (Class A) (a) | 1,402 | 47,934 | ||||||
MTS Systems Corp. (a) | 594 | 42,323 | ||||||
Multi-Fineline Electronix, Inc. (a)(b) | 324 | 4,500 | ||||||
Neonode, Inc. (a)(b) | 1,016 | 6,421 | ||||||
Newport Corp. (a)(b) | 1,474 | 26,635 |
See accompanying notes to financial statements.
159
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
OSI Systems, Inc. (a)(b) | 754 | $ | 40,045 | |||||
Park Electrochemical Corp. | 790 | 22,689 | ||||||
PC Connection, Inc. (a) | 358 | 8,896 | ||||||
Plexus Corp. (b) | 1,293 | 55,974 | ||||||
RadiSys Corp. (a)(b) | 880 | 2,015 | ||||||
RealD, Inc. (a)(b) | 1,528 | 13,049 | ||||||
Richardson Electronics, Ltd. | 436 | 4,953 | ||||||
Rofin-Sinar Technologies, Inc. (a)(b) | 1,062 | 28,695 | ||||||
Rogers Corp. (b) | 646 | 39,729 | ||||||
Sanmina Corp. (a)(b) | 3,125 | 52,188 | ||||||
Scansource, Inc. (b) | 1,057 | 44,849 | ||||||
Speed Commerce, Inc. (a)(b) | 1,663 | 7,766 | ||||||
SYNNEX Corp. (b) | 928 | 62,547 | ||||||
TTM Technologies, Inc. (a)(b) | 1,996 | 17,126 | ||||||
Uni-Pixel, Inc. (a)(b) | 378 | 3,784 | ||||||
Universal Display Corp. (a)(b) | 1,523 | 52,330 | ||||||
Viasystems Group, Inc. (a)(b) | 144 | 1,970 | ||||||
Vishay Precision Group, Inc. (b) | 468 | 6,969 | ||||||
Zygo Corp. (b) | 628 | 9,282 | ||||||
1,717,969 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.8% | ||||||||
Basic Energy Services, Inc. (a)(b) | 1,132 | 17,863 | ||||||
Bolt Technology Corp. (a) | 324 | 7,131 | ||||||
Bristow Group, Inc. | 1,371 | 102,907 | ||||||
C&J Energy Services, Inc. (a)(b) | 1,703 | 39,339 | ||||||
Cal Dive International, Inc. (a)(b) | 3,699 | 7,435 | ||||||
CARBO Ceramics, Inc. (a) | 753 | 87,747 | ||||||
Dawson Geophysical Co. (a)(b) | 306 | 10,349 | ||||||
Era Group, Inc. (a)(b) | 756 | 23,330 | ||||||
Exterran Holdings, Inc. (a)(b) | 2,174 | 74,351 | ||||||
Forum Energy Technologies, Inc. (a)(b) | 1,487 | 42,023 | ||||||
Geospace Technologies Corp. (a)(b) | 488 | 46,277 | ||||||
Global Geophysical Services, Inc. (a)(b) | 862 | 1,388 | ||||||
Gulf Island Fabrication, Inc. | 540 | 12,539 | ||||||
Gulfmark Offshore, Inc. (Class A) | 1,006 | 47,413 | ||||||
Helix Energy Solutions Group, Inc. (a)(b) | 4,014 | 93,045 | ||||||
Hercules Offshore, Inc. (b) | 6,017 | 39,291 | ||||||
Hornbeck Offshore Services, Inc. (a)(b) | 1,393 | 68,577 | ||||||
ION Geophysical Corp. (a)(b) | 5,029 | 16,596 | ||||||
Key Energy Services, Inc. (a)(b) | 5,747 | 45,401 | ||||||
Matrix Service Co. (b) | 988 | 24,176 | ||||||
Mitcham Industries, Inc. (a)(b) | 486 | 8,607 | ||||||
Natural Gas Services Group, Inc. (b) | 468 | 12,903 | ||||||
Newpark Resources, Inc. (a)(b) | 3,251 | 39,955 | ||||||
Nuverra Environmental Solutions, Inc. (a)(b) | 537 | 9,016 | ||||||
Parker Drilling Co. (a)(b) | 4,493 | 36,528 | ||||||
PHI, Inc. (a)(b) | 468 | 20,311 | ||||||
Pioneer Energy Services Corp. (a)(b) | 2,351 | 18,832 | ||||||
RigNet, Inc. (a)(b) | 450 | 21,568 | ||||||
SEACOR Holdings, Inc. (a)(b) | 782 | 71,318 | ||||||
Tesco Corp. (a)(b) | 1,134 | 22,431 | ||||||
Tetra Technologies, Inc. (a)(b) | 2,950 | 36,462 | ||||||
TGC Industries, Inc. (a) | 590 | 4,307 | ||||||
Vantage Drilling Co. (a)(b) | 7,581 | 13,949 | ||||||
Willbros Group, Inc. (a)(b) | 1,510 | 14,224 | ||||||
1,137,589 | ||||||||
FOOD & STAPLES RETAILING — 1.4% | ||||||||
Arden Group, Inc. (Class A) | 58 | 7,338 | ||||||
Casey’s General Stores, Inc. (a) | 1,457 | 102,354 | ||||||
Fairway Group Holdings Corp. (a)(b) | 592 | 10,727 | ||||||
Harris Teeter Supermarkets, Inc. | 1,874 | 92,482 | ||||||
Ingles Markets, Inc. (Class A) (a) | 452 | 12,249 | ||||||
Natural Grocers by Vitamin Cottage, Inc. (a)(b) | 340 | 14,433 | ||||||
PriceSmart, Inc. (a) | 718 | 82,958 | ||||||
Rite Aid Corp. (b) | 27,643 | 139,873 | ||||||
Roundy’s, Inc. (a) | 952 | 9,387 | ||||||
Spartan Stores, Inc. | 1,385 | 33,628 | ||||||
SUPERVALU, Inc. (b) | 7,668 | 55,900 | ||||||
Susser Holdings Corp. (a)(b) | 682 | 44,664 | ||||||
The Andersons, Inc. (a) | 729 | 65,005 | ||||||
The Chefs’ Warehouse, Inc. (a)(b) | 640 | 18,662 | ||||||
The Pantry, Inc. (a)(b) | 882 | 14,800 | ||||||
United Natural Foods, Inc. (a)(b) | 1,871 | 141,055 | ||||||
Village Super Market, Inc. (Class A) | 234 | 7,256 | ||||||
Weis Markets, Inc. (a) | 414 | 21,760 | ||||||
874,531 | ||||||||
FOOD PRODUCTS — 1.7% | ||||||||
Alico, Inc. (a) | 108 | 4,198 | ||||||
Annie’s, Inc. (a)(b) | 520 | 22,381 | ||||||
B&G Foods, Inc. (a) | 1,994 | 67,617 | ||||||
Boulder Brands, Inc. (a)(b) | 2,246 | 35,622 | ||||||
Cal-Maine Foods, Inc. (a) | 558 | 33,608 | ||||||
Calavo Growers, Inc. (a) | 466 | 14,101 | ||||||
Chiquita Brands International, Inc. (b) | 1,757 | 20,557 | ||||||
Darling International, Inc. (b) | 5,854 | 122,232 | ||||||
Diamond Foods, Inc. (b) | 844 | 21,809 | ||||||
Farmer Brothers Co. (a)(b) | 216 | 5,024 | ||||||
Fresh Del Monte Produce, Inc. (a) | 1,433 | 40,554 | ||||||
Griffin Land & Nurseries, Inc. (a) | 105 | 3,505 | ||||||
Hain Celestial Group, Inc. (a)(b) | 1,459 | 132,448 | ||||||
Inventure Foods, Inc. (b) | 535 | 7,094 | ||||||
J&J Snack Foods Corp. | 587 | 52,002 | ||||||
John B Sanfilippo & Son, Inc. | 306 | 7,552 | ||||||
Lancaster Colony Corp. (a) | 703 | 61,969 | ||||||
Lifeway Foods, Inc. (a) | 180 | 2,876 | ||||||
Limoneira Co. | 378 | 10,051 | ||||||
Omega Protein Corp. (a)(b) | 754 | 9,267 | ||||||
Pilgrim’s Pride Corp. (a)(b) | 2,282 | 37,082 | ||||||
Post Holdings, Inc. (a)(b) | 1,243 | 61,243 | ||||||
Sanderson Farms, Inc. (a) | 867 | 62,710 | ||||||
Seaboard Corp. | 12 | 33,540 | ||||||
Seneca Foods Corp. (Class A) (a)(b) | 306 | 9,758 | ||||||
Snyders-Lance, Inc. (a) | 1,796 | 51,581 | ||||||
Tootsie Roll Industries, Inc. | 738 | 24,015 | ||||||
TreeHouse Foods, Inc. (b) | 1,300 | 89,596 | ||||||
1,043,992 | ||||||||
GAS UTILITIES — 0.9% | ||||||||
Chesapeake Utilities Corp. | 360 | 21,607 | ||||||
Delta Natural Gas Co., Inc. (a) | 252 | 5,640 | ||||||
New Jersey Resources Corp. (a) | 1,586 | 73,337 |
See accompanying notes to financial statements.
160
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Northwest Natural Gas Co. | 1,023 | $ | 43,805 | |||||
Piedmont Natural Gas Co., Inc. | 2,862 | 94,904 | ||||||
South Jersey Industries, Inc. | 1,144 | 64,018 | ||||||
Southwest Gas Corp. (a) | 1,691 | 94,544 | ||||||
The Laclede Group, Inc. | 1,241 | 56,515 | ||||||
WGL Holdings, Inc. | 1,955 | 78,317 | ||||||
532,687 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 3.6% | ||||||||
Abaxis, Inc. (a)(b) | 828 | 33,137 | ||||||
ABIOMED, Inc. (a)(b) | 1,456 | 38,933 | ||||||
Accuray, Inc. (a)(b) | 2,799 | 24,379 | ||||||
Align Technology, Inc. (b) | 2,708 | 154,762 | ||||||
Alphatec Holdings, Inc. (b) | 2,336 | 4,695 | ||||||
Analogic Corp. | 466 | 41,269 | ||||||
AngioDynamics, Inc. (a)(b) | 934 | 16,055 | ||||||
Anika Therapeutics, Inc. (b) | 450 | 17,172 | ||||||
Antares Pharma, Inc. (a)(b) | 4,255 | 19,062 | ||||||
ArthroCare Corp. (b) | 1,060 | 42,654 | ||||||
AtriCure, Inc. (b) | 790 | 14,757 | ||||||
Atrion Corp. (a) | 65 | 19,256 | ||||||
Biolase, Inc. (a)(b) | 1,291 | 3,654 | ||||||
Cantel Medical Corp. (a) | 1,239 | 42,014 | ||||||
Cardiovascular Systems, Inc. (a)(b) | 797 | 27,329 | ||||||
Cerus Corp. (b) | 2,637 | 17,009 | ||||||
CONMED Corp. | 1,042 | 44,285 | ||||||
CryoLife, Inc. (a) | 1,042 | 11,556 | ||||||
Cutera, Inc. (a)(b) | 556 | 5,660 | ||||||
Cyberonics, Inc. (a)(b) | 1,074 | 70,358 | ||||||
Cynosure, Inc. (Class A) (a)(b) | 720 | 19,210 | ||||||
Derma Sciences, Inc. (b) | 520 | 5,626 | ||||||
DexCom, Inc. (a)(b) | 2,673 | 94,651 | ||||||
Endologix, Inc. (a)(b) | 2,372 | 41,368 | ||||||
Exactech, Inc. (b) | 358 | 8,506 | ||||||
GenMark Diagnostics, Inc. (a)(b) | 1,350 | 17,968 | ||||||
Globus Medical, Inc. (Class A) (b) | 2,065 | 41,672 | ||||||
Greatbatch, Inc. (b) | 898 | 39,728 | ||||||
Haemonetics Corp. (a)(b) | 1,930 | 81,311 | ||||||
HealthStream, Inc. (a)(b) | 756 | 24,774 | ||||||
HeartWare International, Inc. (a)(b) | 638 | 59,946 | ||||||
ICU Medical, Inc. (b) | 486 | 30,963 | ||||||
Insulet Corp. (a)(b) | 2,021 | 74,979 | ||||||
Integra LifeSciences Holdings Corp. (a)(b) | 760 | 36,260 | ||||||
Invacare Corp. (a) | 1,204 | 27,945 | ||||||
LDR Holding Corp. (b) | 212 | 5,003 | ||||||
Masimo Corp. (a)(b) | 1,834 | 53,608 | ||||||
Medical Action Industries, Inc. (a)(b) | 555 | 4,751 | ||||||
Meridian Bioscience, Inc. (a) | 1,564 | 41,493 | ||||||
Merit Medical Systems, Inc. (a)(b) | 1,600 | 25,184 | ||||||
Natus Medical, Inc. (b) | 1,150 | 25,875 | ||||||
Neogen Corp. (a)(b) | 1,354 | 61,878 | ||||||
NuVasive, Inc. (a)(b) | 1,672 | 54,056 | ||||||
NxStage Medical, Inc. (a)(b) | 2,261 | 22,610 | ||||||
OraSure Technologies, Inc. (b) | 2,099 | 13,203 | ||||||
Orthofix International NV (b) | 736 | 16,796 | ||||||
Oxford Immunotec Global PLC (b) | 213 | 4,128 | ||||||
PhotoMedex, Inc. (a)(b) | 521 | 6,747 | ||||||
Quidel Corp. (a)(b) | 1,060 | 32,743 | ||||||
Rockwell Medical, Inc. (a)(b) | 1,476 | 15,409 | ||||||
RTI Surgical, Inc. (a)(b) | 2,120 | 7,505 | ||||||
Solta Medical, Inc. (b) | 2,678 | 7,900 | ||||||
Spectranetics Corp. (a)(b) | 1,527 | 38,175 | ||||||
Staar Surgical Co. (a)(b) | 1,384 | 22,407 | ||||||
STERIS Corp. (a) | 2,227 | 107,007 | ||||||
SurModics, Inc. (b) | 539 | 13,146 | ||||||
Symmetry Medical, Inc. (b) | 1,402 | 14,132 | ||||||
Tandem Diabetes Care, Inc. (a)(b) | 319 | 8,221 | ||||||
TearLab Corp. (a)(b) | 1,097 | 10,246 | ||||||
Thoratec Corp. (b) | 2,165 | 79,239 | ||||||
Tornier NV (b) | 987 | 18,546 | ||||||
Unilife Corp. (a)(b) | 3,642 | 16,025 | ||||||
Utah Medical Products, Inc. | 126 | 7,202 | ||||||
Vascular Solutions, Inc. (b) | 628 | 14,538 | ||||||
Veracyte, Inc. (a)(b) | 111 | 1,609 | ||||||
Volcano Corp. (a)(b) | 2,063 | 45,077 | ||||||
West Pharmaceutical Services, Inc. | 2,561 | 125,643 | ||||||
Wright Medical Group, Inc. (b) | 1,528 | 46,925 | ||||||
Zeltiq Aesthetics, Inc. (a)(b) | 666 | 12,594 | ||||||
2,232,524 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.0% | ||||||||
Acadia Healthcare Co., Inc. (a)(b) | 1,282 | 60,677 | ||||||
Accretive Health, Inc. (a)(b) | 2,225 | 20,381 | ||||||
Addus HomeCare Corp. (a)(b) | 198 | 4,445 | ||||||
Air Methods Corp. (a)(b) | 1,471 | 85,803 | ||||||
Alliance HealthCare Services, Inc. (a)(b) | 180 | 4,453 | ||||||
Almost Family, Inc. (a)(b) | 306 | 9,893 | ||||||
Amedisys, Inc. (a)(b) | 1,186 | 17,351 | ||||||
AMN Healthcare Services, Inc. (b) | 1,741 | 25,593 | ||||||
AmSurg Corp. (b) | 1,204 | 55,288 | ||||||
athenahealth, Inc. (a)(b) | 1,369 | 184,130 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 918 | 23,446 | ||||||
BioScrip, Inc. (a)(b) | 2,207 | 16,332 | ||||||
Capital Senior Living Corp. (a)(b) | 1,078 | 25,861 | ||||||
Centene Corp. (a)(b) | 1,995 | 117,605 | ||||||
Chemed Corp. (a) | 615 | 47,121 | ||||||
Chindex International, Inc. (a)(b) | 451 | 7,861 | ||||||
Corvel Corp. (b) | 432 | 20,174 | ||||||
Cross Country Healthcare, Inc. (a)(b) | 1,024 | 10,220 | ||||||
Emeritus Corp. (b) | 1,525 | 32,986 | ||||||
ExamWorks Group, Inc. (a)(b) | 1,147 | 34,261 | ||||||
Five Star Quality Care, Inc. (b) | 1,618 | 8,883 | ||||||
Gentiva Health Services, Inc. (a)(b) | 1,186 | 14,718 | ||||||
Hanger, Inc. (a)(b) | 1,312 | 51,614 | ||||||
HealthSouth Corp. (a) | 3,301 | 109,989 | ||||||
Healthways, Inc. (a)(b) | 1,294 | 19,863 | ||||||
HMS Holdings Corp. (a)(b) | 3,318 | 75,418 | ||||||
IPC The Hospitalist Co. (a)(b) | 630 | 37,416 | ||||||
Kindred Healthcare, Inc. (a) | 2,045 | 40,368 | ||||||
Landauer, Inc. (a) | 360 | 18,940 | ||||||
LHC Group, Inc. (b) | 450 | 10,818 | ||||||
Magellan Health Services, Inc. (b) | 1,024 | 61,348 | ||||||
Molina Healthcare, Inc. (a)(b) | 1,075 | 37,356 | ||||||
MWI Veterinary Supply, Inc. (a)(b) | 487 | 83,077 | ||||||
National Healthcare Corp. (a) | 412 | 22,211 | ||||||
National Research Corp. (Class A) (a)(b) | 376 | 7,076 |
See accompanying notes to financial statements.
161
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Owens & Minor, Inc. (a) | 2,335 | $ | 85,368 | |||||
PharMerica Corp. (a)(b) | 1,114 | 23,951 | ||||||
Select Medical Holdings Corp. (a) | 1,834 | 21,293 | ||||||
Skilled Healthcare Group, Inc. (Class A) (a)(b) | 754 | 3,627 | ||||||
Surgical Care Affiliates, Inc. (b) | 324 | 11,288 | ||||||
Team Health Holdings, Inc. (b) | 2,545 | 115,925 | ||||||
The Ensign Group, Inc. (a) | 736 | 32,583 | ||||||
The Providence Service Corp. (a)(b) | 396 | 10,185 | ||||||
Triple-S Management Corp. (Class B) (b) | 898 | 17,457 | ||||||
Universal American Corp. | 1,455 | 10,622 | ||||||
US Physical Therapy, Inc. (a) | 450 | 15,867 | ||||||
USMD Holdings, Inc. (a)(b) | 36 | 724 | ||||||
WellCare Health Plans, Inc. (a)(b) | 1,574 | 110,841 | ||||||
1,862,707 | ||||||||
HEALTH CARE TECHNOLOGY — 0.4% | ||||||||
Computer Programs and Systems, Inc. (a) | 414 | 25,589 | ||||||
MedAssets, Inc. (b) | 2,300 | 45,609 | ||||||
Medidata Solutions, Inc. (b) | 2,011 | 121,806 | ||||||
Merge Healthcare, Inc. (b) | 2,462 | 5,712 | ||||||
Omnicell, Inc. (a)(b) | 1,294 | 33,036 | ||||||
Vocera Communications, Inc. (a)(b) | 792 | 12,363 | ||||||
244,115 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 2.8% | ||||||||
AFC Enterprises, Inc. (b) | 898 | 34,573 | ||||||
Biglari Holdings, Inc. (b) | 59 | 29,892 | ||||||
BJ’s Restaurants, Inc. (a)(b) | 934 | 29,010 | ||||||
Bloomin’ Brands, Inc. (a)(b) | 2,084 | 50,037 | ||||||
Bob Evans Farms, Inc. (a) | 1,061 | 53,676 | ||||||
Boyd Gaming Corp. (b) | 2,625 | 29,558 | ||||||
Bravo Brio Restaurant Group, Inc. (b) | 738 | 12,007 | ||||||
Buffalo Wild Wings, Inc. (a)(b) | 694 | 102,157 | ||||||
Caesars Entertainment Corp. (a)(b) | 1,619 | 34,873 | ||||||
Carrols Restaurant Group, Inc. (b) | 898 | 5,936 | ||||||
CEC Entertainment, Inc. | 666 | 29,490 | ||||||
Churchill Downs, Inc. (a) | 524 | 46,977 | ||||||
Chuy’s Holdings, Inc. (a)(b) | 612 | 22,044 | ||||||
ClubCorp Holdings, Inc. (a) | 643 | 11,407 | ||||||
Cracker Barrel Old Country Store, Inc. (a) | 723 | 79,581 | ||||||
Del Frisco’s Restaurant Group, Inc. (a)(b) | 396 | 9,334 | ||||||
Denny’s Corp. (b) | 3,465 | 24,913 | ||||||
Diamond Resorts International, Inc. (a)(b) | 659 | 12,165 | ||||||
DineEquity, Inc. (a) | 628 | 52,469 | ||||||
Diversified Restaurant Holdings, Inc. (a)(b) | 409 | 1,951 | ||||||
Einstein Noah Restaurant Group, Inc. | 250 | 3,625 | ||||||
Fiesta Restaurant Group, Inc. (a)(b) | 759 | 39,650 | ||||||
Ignite Restaurant Group, Inc. (a)(b) | 270 | 3,375 | ||||||
International Speedway Corp. (Class A) (a) | 1,057 | 37,513 | ||||||
Interval Leisure Group, Inc. | 1,491 | 46,072 | ||||||
Isle of Capri Casinos, Inc. (b) | 792 | 7,128 | ||||||
Jack in the Box, Inc. (a)(b) | 1,625 | 81,282 | ||||||
Jamba, Inc. (a)(b) | 630 | 7,831 | ||||||
Krispy Kreme Doughnuts, Inc. (a)(b) | 2,477 | 47,781 | ||||||
Life Time Fitness, Inc. (a)(b) | 1,571 | 73,837 | ||||||
Luby’s, Inc. (a)(b) | 754 | 5,821 | ||||||
Marcus Corp. | 700 | 9,408 | ||||||
Marriott Vacations Worldwide Corp. (b) | 1,040 | 54,870 | ||||||
Monarch Casino & Resort, Inc. (a)(b) | 324 | 6,506 | ||||||
Morgans Hotel Group Co. (a)(b) | 1,006 | 8,179 | ||||||
Multimedia Games Holding Co., Inc. (b) | 1,095 | 34,339 | ||||||
Nathan’s Famous, Inc. (b) | 108 | 5,444 | ||||||
Noodles & Co. (b) | 231 | 8,298 | ||||||
Orient-Express Hotels, Ltd. (Class A) (b) | 3,612 | 54,577 | ||||||
Papa John’s International, Inc. (a) | 1,220 | 55,388 | ||||||
Pinnacle Entertainment, Inc. (a)(b) | 2,207 | 57,360 | ||||||
Potbelly Corp. (b) | 218 | 5,293 | ||||||
Red Robin Gourmet Burgers, Inc. (b) | 538 | 39,565 | ||||||
Ruby Tuesday, Inc. (a)(b) | 2,300 | 15,939 | ||||||
Ruth’s Hospitality Group, Inc. | 1,348 | 19,155 | ||||||
Scientific Games Corp. (Class A) (b) | 1,798 | 30,440 | ||||||
Sonic Corp. (a)(b) | 2,120 | 42,803 | ||||||
Speedway Motorsports, Inc. | 432 | 8,575 | ||||||
Texas Roadhouse, Inc. (a) | 2,354 | 65,441 | ||||||
The Cheesecake Factory, Inc. | 2,019 | 97,457 | ||||||
Town Sports International Holdings, Inc. | 900 | 13,284 | ||||||
Vail Resorts, Inc. (a) | 1,286 | 96,746 | ||||||
1,755,032 | ||||||||
HOUSEHOLD DURABLES — 1.1% | ||||||||
Bassett Furniture Industries, Inc. | 412 | 6,295 | ||||||
Beazer Homes USA, Inc. (b) | 952 | 23,248 | ||||||
Blyth, Inc. (a) | 357 | 3,884 | ||||||
Cavco Industries, Inc. (a)(b) | 268 | 18,412 | ||||||
CSS Industries, Inc. | 324 | 9,292 | ||||||
Ethan Allen Interiors, Inc. (a) | 934 | 28,412 | ||||||
EveryWare Global, Inc. (b) | 375 | 3,105 | ||||||
Flexsteel Industries, Inc. (a) | 180 | 5,531 | ||||||
Helen of Troy, Ltd. (a)(b) | 1,204 | 59,610 | ||||||
Hooker Furniture Corp. (a) | 412 | 6,872 | ||||||
Hovnanian Enterprises, Inc. (Class A) (a)(b) | 4,273 | 28,287 | ||||||
iRobot Corp. (a)(b) | 1,067 | 37,100 | ||||||
KB Home (a) | 3,159 | 57,747 | ||||||
La-Z-Boy, Inc. (a) | 1,976 | 61,256 | ||||||
LGI Homes, Inc. (b) | 319 | 5,675 | ||||||
Libbey, Inc. (b) | 790 | 16,590 | ||||||
Lifetime Brands, Inc. (a) | 378 | 5,946 | ||||||
M.D.C. Holdings, Inc. (a) | 1,474 | 47,522 | ||||||
M/I Homes, Inc. (a)(b) | 916 | 23,312 | ||||||
Meritage Homes Corp. (b) | 1,366 | 65,554 | ||||||
NACCO Industries, Inc. (Class A) | 180 | 11,194 | ||||||
Skullcandy, Inc. (a)(b) | 682 | 4,917 | ||||||
Standard Pacific Corp. (a)(b) | 5,589 | 50,581 | ||||||
The Ryland Group, Inc. (a) | 1,749 | 75,924 | ||||||
TRI Pointe Homes, Inc. (b) | 558 | 11,121 | ||||||
UCP, Inc. (Class A) (a)(b) | 307 | 4,495 | ||||||
Universal Electronics, Inc. (a)(b) | 571 | 21,761 |
See accompanying notes to financial statements.
162
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
WCI Communities, Inc. (a)(b) | 267 | $ | 5,097 | |||||
William Lyon Homes (Class A) (b) | 520 | 11,513 | ||||||
Zagg, Inc. (a)(b) | 1,165 | 5,068 | ||||||
715,321 | ||||||||
HOUSEHOLD PRODUCTS — 0.2% | ||||||||
Central Garden & Pet Co. (Class A) (a)(b) | 1,582 | 10,678 | ||||||
Harbinger Group, Inc. (a)(b) | 1,240 | 14,694 | ||||||
Oil-Dri Corp. of America | 180 | 6,811 | ||||||
Orchids Paper Products Co. (a) | 232 | 7,619 | ||||||
Spectrum Brands Holdings, Inc. (a) | 813 | 57,357 | ||||||
WD-40 Co. | 589 | 43,987 | ||||||
141,146 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2% | ||||||||
Atlantic Power Corp. | 4,525 | 15,747 | ||||||
Dynegy, Inc. (a)(b) | 3,675 | 79,086 | ||||||
Genie Energy, Ltd. (Class B) (b) | 486 | 4,962 | ||||||
Ormat Technologies, Inc. | 666 | 18,122 | ||||||
Pattern Energy Group, Inc. | 639 | 19,368 | ||||||
137,285 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.1% | ||||||||
Raven Industries, Inc. (a) | 1,324 | 54,469 | ||||||
INSURANCE — 2.5% | ||||||||
Ambac Financial Group, Inc. (b) | 1,703 | 41,826 | ||||||
American Equity Investment Life Holding Co. (a) | 2,423 | 63,919 | ||||||
AMERISAFE, Inc. (a) | 700 | 29,568 | ||||||
Amtrust Financial Services, Inc. (a) | 1,167 | 38,149 | ||||||
Argo Group International Holdings, Ltd. | 1,024 | 47,606 | ||||||
Baldwin & Lyons, Inc. (Class B) (a) | 342 | 9,343 | ||||||
Blue Capital Reinsurance Holdings, Ltd. (b) | 213 | 3,913 | ||||||
Citizens, Inc. (a)(b) | 1,636 | 14,315 | ||||||
CNO Financial Group, Inc. | 8,408 | 148,738 | ||||||
Crawford & Co. (Class B) (a) | 988 | 9,129 | ||||||
Donegal Group, Inc. (Class A) | 286 | 4,547 | ||||||
Eastern Insurance Holdings, Inc. (a) | 247 | 6,049 | ||||||
eHealth, Inc. (a)(b) | 704 | 32,729 | ||||||
EMC Insurance Group, Inc. | 162 | 4,960 | ||||||
Employers Holdings, Inc. | 1,168 | 36,967 | ||||||
Enstar Group, Ltd. (b) | 361 | 50,147 | ||||||
FBL Financial Group, Inc. (Class A) | 340 | 15,229 | ||||||
First American Financial Corp. (a) | 3,971 | 111,982 | ||||||
Fortegra Financial Corp. (a)(b) | 234 | 1,935 | ||||||
Global Indemnity PLC (b) | 326 | 8,248 | ||||||
Greenlight Capital Re, Ltd. (Class A) (a)(b) | 1,060 | 35,733 | ||||||
Hallmark Financial Services, Inc. (b) | 538 | 4,780 | ||||||
HCI Group, Inc. | 356 | 19,046 | ||||||
Health Insurance Innovations, Inc. (Class A) (b) | 180 | 1,820 | ||||||
Hilltop Holdings, Inc. (b) | 2,336 | 54,032 | ||||||
Horace Mann Educators Corp. (a) | 1,492 | 47,058 | ||||||
Independence Holding Co. (a) | 304 | 4,101 | ||||||
Infinity Property & Casualty Corp. (a) | 432 | 30,996 | ||||||
Investors Title Co. | 54 | 4,373 | ||||||
Kansas City Life Insurance Co. | 144 | 6,875 | ||||||
Maiden Holdings, Ltd. (a) | 1,883 | 20,581 | ||||||
Meadowbrook Insurance Group, Inc. (a) | 1,885 | 13,120 | ||||||
Montpelier Re Holdings, Ltd. (a) | 1,664 | 48,422 | ||||||
National Interstate Corp. | 252 | 5,796 | ||||||
National Western Life Insurance Co. (Class A) | 90 | 20,120 | ||||||
OneBeacon Insurance Group, Ltd. (Class A) | 859 | 13,589 | ||||||
Platinum Underwriters Holdings, Ltd. | 1,116 | 68,388 | ||||||
Primerica, Inc. | 2,155 | 92,471 | ||||||
RLI Corp. (a) | 808 | 78,683 | ||||||
Safety Insurance Group, Inc. (a) | 486 | 27,362 | ||||||
Selective Insurance Group, Inc. | 2,099 | 56,799 | ||||||
State Auto Financial Corp. (a) | 558 | 11,852 | ||||||
Stewart Information Services Corp. (a) | 808 | 26,074 | ||||||
Symetra Financial Corp. | 3,074 | 58,283 | ||||||
The Navigators Group, Inc. (b) | 394 | 24,885 | ||||||
The Phoenix Cos., Inc. (b) | 216 | 13,262 | ||||||
Third Point Reinsurance, Ltd. (b) | 944 | 17,492 | ||||||
Tower Group International, Ltd. (a) | 2,171 | 7,338 | ||||||
United Fire Group, Inc. | 774 | 22,183 | ||||||
Universal Insurance Holdings, Inc. (a) | 1,001 | 14,494 | ||||||
1,529,307 | ||||||||
INTERNET & CATALOG RETAIL — 0.4% | ||||||||
1-800-FLOWERS.COM, Inc. (Class A) (b) | 970 | 5,248 | ||||||
Blue Nile, Inc. (a)(b) | 468 | 22,038 | ||||||
FTD Cos., Inc. (a)(b) | 700 | 22,806 | ||||||
HSN, Inc. (a) | 1,276 | 79,495 | ||||||
NutriSystem, Inc. (a) | 1,078 | 17,722 | ||||||
Orbitz Worldwide, Inc. (a)(b) | 900 | 6,462 | ||||||
Overstock.com, Inc. (b) | 416 | 12,809 | ||||||
PetMed Express, Inc. (a) | 756 | 12,572 | ||||||
RetailMeNot, Inc. (a)(b) | 355 | 10,221 | ||||||
Shutterfly, Inc. (a)(b) | 1,442 | 73,441 | ||||||
ValueVision Media, Inc. (Class A) (a)(b) | 1,487 | 10,394 | ||||||
Vitacost.com, Inc. (b) | 828 | 4,794 | ||||||
278,002 | ||||||||
INTERNET SOFTWARE & SERVICES — 3.1% | ||||||||
Angie’s List, Inc. (a)(b) | 1,597 | 24,195 | ||||||
Bankrate, Inc. (a)(b) | 1,744 | 31,287 | ||||||
Bazaarvoice, Inc. (a)(b) | 1,814 | 14,367 | ||||||
Benefitfocus, Inc. (a)(b) | 211 | 12,183 | ||||||
Blucora, Inc. (a)(b) | 1,546 | 45,081 | ||||||
Brightcove, Inc. (b) | 1,060 | 14,988 | ||||||
Carbonite, Inc. (b) | 450 | 5,323 | ||||||
ChannelAdvisor Corp. (a)(b) | 232 | 9,677 | ||||||
Chegg, Inc. (b) | 431 | 3,668 | ||||||
comScore, Inc. (a)(b) | 1,348 | 38,566 | ||||||
Constant Contact, Inc. (a)(b) | 1,165 | 36,197 | ||||||
Cornerstone OnDemand, Inc. (a)(b) | 1,533 | 81,770 | ||||||
CoStar Group, Inc. (a)(b) | 1,064 | 196,393 | ||||||
Cvent, Inc. (b) | 246 | 8,952 | ||||||
Dealertrack Technologies, Inc. (b) | 1,592 | 76,543 |
See accompanying notes to financial statements.
163
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Demand Media, Inc. (a)(b) | 1,366 | $ | 7,882 | |||||
Demandware, Inc. (a)(b) | 615 | 39,434 | ||||||
Dice Holdings, Inc. (b) | 1,523 | 11,042 | ||||||
Digital River, Inc. (b) | 1,326 | 24,531 | ||||||
E2open, Inc. (a)(b) | 558 | 13,342 | ||||||
EarthLink, Inc. (a) | 3,895 | 19,748 | ||||||
eGain Corp. (b) | 486 | 4,977 | ||||||
Endurance International Group Holdings, Inc. (b) | 746 | 10,578 | ||||||
Envestnet, Inc. (a)(b) | 846 | 34,094 | ||||||
Global Eagle Entertainment, Inc. (a)(b) | 810 | 12,045 | ||||||
Gogo, Inc. (a)(b) | 407 | 10,098 | ||||||
Internap Network Services Corp. (a)(b) | 2,027 | 15,243 | ||||||
IntraLinks Holdings, Inc. (a)(b) | 1,453 | 17,596 | ||||||
j2 Global, Inc. (a) | 1,739 | 86,967 | ||||||
Limelight Networks, Inc. (b) | 2,014 | 3,988 | ||||||
Liquidity Services, Inc. (a)(b) | 934 | 21,164 | ||||||
LivePerson, Inc. (a)(b) | 2,081 | 30,840 | ||||||
LogMeIn, Inc. (a)(b) | 916 | 30,732 | ||||||
Marchex, Inc. (Class B) (a) | 862 | 7,456 | ||||||
Marin Software, Inc. (b) | 342 | 3,502 | ||||||
Marketo, Inc. (a)(b) | 268 | 9,935 | ||||||
Millennial Media, Inc. (a)(b) | 1,330 | 9,669 | ||||||
Monster Worldwide, Inc. (a)(b) | 3,675 | 26,203 | ||||||
Move, Inc. (a)(b) | 1,509 | 24,129 | ||||||
Net Element International, Inc. (a)(b) | 90 | 393 | ||||||
NIC, Inc. | 2,444 | 60,782 | ||||||
OpenTable, Inc. (b) | 862 | 68,417 | ||||||
Perficient, Inc. (a)(b) | 1,258 | 29,462 | ||||||
QuinStreet, Inc. (a)(b) | 1,186 | 10,306 | ||||||
RealNetworks, Inc. (b) | 844 | 6,372 | ||||||
Reis, Inc. (a)(b) | 319 | 6,134 | ||||||
Responsys, Inc. (b) | 1,384 | 37,935 | ||||||
Rocket Fuel, Inc. (a)(b) | 110 | 6,764 | ||||||
SciQuest, Inc. (b) | 862 | 24,550 | ||||||
Shutterstock, Inc. (a)(b) | 286 | 23,918 | ||||||
Spark Networks, Inc. (a)(b) | 664 | 4,090 | ||||||
SPS Commerce, Inc. (b) | 574 | 37,482 | ||||||
Stamps.com, Inc. (a)(b) | 486 | 20,461 | ||||||
support.com, Inc. (a)(b) | 1,907 | 7,228 | ||||||
TechTarget, Inc. (a)(b) | 532 | 3,650 | ||||||
Textura Corp. (b) | 209 | 6,257 | ||||||
Travelzoo, Inc. (a)(b) | 304 | 6,481 | ||||||
Tremor Video, Inc. (b) | 312 | 1,810 | ||||||
Trulia, Inc. (a)(b) | 1,043 | 36,787 | ||||||
United Online, Inc. (a) | 502 | 6,908 | ||||||
Unwired Planet, Inc. (b) | 3,705 | 5,113 | ||||||
ValueClick, Inc. (a)(b) | 2,456 | 57,397 | ||||||
VistaPrint NV (b) | 1,241 | 70,551 | ||||||
Vocus, Inc. (a)(b) | 702 | 7,996 | ||||||
Web.com Group, Inc. (a)(b) | 1,582 | 50,292 | ||||||
WebMD Health Corp. (a)(b) | 1,021 | 40,329 | ||||||
Wix.com, Ltd. (b) | 217 | 5,826 | ||||||
XO Group, Inc. (b) | 1,006 | 14,949 | ||||||
Xoom Corp. (a)(b) | 302 | 8,266 | ||||||
Yelp, Inc. (a)(b) | 1,135 | 78,258 | ||||||
YuMe, Inc. (a)(b) | 224 | 1,669 | ||||||
Zillow, Inc. (Class A) (a)(b) | 881 | 72,004 | ||||||
Zix Corp. (a)(b) | 2,336 | 10,652 | ||||||
1,903,874 | ||||||||
IT SERVICES — 2.2% | ||||||||
Acxiom Corp. (a)(b) | 2,754 | 101,843 | ||||||
Blackhawk Network Holdings, Inc. (a)(b) | 432 | 10,912 | ||||||
CACI International, Inc. (Class A) (a)(b) | 799 | 58,503 | ||||||
Cardtronics, Inc. (b) | 1,643 | 71,388 | ||||||
Cass Information Systems, Inc. (a) | 394 | 26,536 | ||||||
CIBER, Inc. (b) | 2,817 | 11,662 | ||||||
Computer Task Group, Inc. (a) | 589 | 11,132 | ||||||
Convergys Corp. (a) | 3,967 | 83,505 | ||||||
CSG Systems International, Inc. (a) | 1,276 | 37,514 | ||||||
EPAM Systems, Inc. (b) | 826 | 28,861 | ||||||
Euronet Worldwide, Inc. (b) | 1,885 | 90,197 | ||||||
EVERTEC, Inc. (a) | 1,114 | 27,471 | ||||||
ExlService Holdings, Inc. (a)(b) | 1,237 | 34,166 | ||||||
Forrester Research, Inc. (a) | 468 | 17,906 | ||||||
Global Cash Access Holdings, Inc. (b) | 2,498 | 24,955 | ||||||
Heartland Payment Systems, Inc. (a) | 1,318 | 65,689 | ||||||
Higher One Holdings, Inc. (a)(b) | 1,186 | 11,575 | ||||||
iGate Corp. (a)(b) | 1,312 | 52,690 | ||||||
Lionbridge Technologies, Inc. (b) | 2,194 | 13,076 | ||||||
Luxoft Holding, Inc. (b) | 189 | 7,178 | ||||||
ManTech International Corp. (Class A) (a) | 898 | 26,877 | ||||||
MAXIMUS, Inc. | 2,593 | 114,066 | ||||||
ModusLink Global Solutions, Inc. (a)(b) | 1,401 | 8,028 | ||||||
MoneyGram International, Inc. (b) | 808 | 16,790 | ||||||
Planet Payment, Inc. (b) | 1,600 | 4,448 | ||||||
PRGX Global, Inc. (b) | 1,093 | 7,345 | ||||||
Sapient Corp. (a)(b) | 4,165 | 72,305 | ||||||
ServiceSource International, Inc. (b) | 2,300 | 19,274 | ||||||
Sykes Enterprises, Inc. (a)(b) | 1,487 | 32,432 | ||||||
Syntel, Inc. | 605 | 55,025 | ||||||
TeleTech Holdings, Inc. (b) | 754 | 18,051 | ||||||
The Hackett Group, Inc. (a) | 985 | �� | 6,117 | |||||
Unisys Corp. (a)(b) | 1,669 | 56,028 | ||||||
Virtusa Corp. (a)(b) | 772 | 29,406 | ||||||
WEX, Inc. (a)(b) | 1,473 | 145,871 | ||||||
1,398,822 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.6% | ||||||||
Arctic Cat, Inc. | 502 | 28,604 | ||||||
Black Diamond, Inc. (a)(b) | 861 | 11,477 | ||||||
Brunswick Corp. (a) | 3,424 | 157,709 | ||||||
Callaway Golf Co. | 2,678 | 22,576 | ||||||
JAKKS Pacific, Inc. (a) | 720 | 4,846 | ||||||
Johnson Outdoors, Inc. (Class A) | 180 | 4,851 | ||||||
Leapfrog Enterprises, Inc. (a)(b) | 2,407 | 19,112 | ||||||
Marine Products Corp. | 396 | 3,980 | ||||||
Nautilus, Inc. (a)(b) | 1,168 | 9,846 | ||||||
Smith & Wesson Holding Corp. (a)(b) | 2,174 | 29,327 | ||||||
Sturm Ruger & Co, Inc. | 735 | 53,721 | ||||||
346,049 | ||||||||
See accompanying notes to financial statements.
164
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.4% | ||||||||
Accelerate Diagnostics, Inc. (a)(b) | 412 | $ | 5,026 | |||||
Affymetrix, Inc. (b) | 2,678 | 22,951 | ||||||
Albany Molecular Research, Inc. (a)(b) | 880 | 8,870 | ||||||
Cambrex Corp. (a)(b) | 1,132 | 20,184 | ||||||
Fluidigm Corp. (a)(b) | 954 | 36,557 | ||||||
Furiex Pharmaceuticals, Inc. (a)(b) | 252 | 10,587 | ||||||
Harvard Bioscience, Inc. (a)(b) | 967 | 4,545 | ||||||
Luminex Corp. (a)(b) | 1,404 | 27,238 | ||||||
NeoGenomics, Inc. (b) | 1,240 | 4,489 | ||||||
Pacific Biosciences of California, Inc. (a)(b) | 1,797 | 9,398 | ||||||
PAREXEL International Corp. (b) | 2,100 | 94,878 | ||||||
Sequenom, Inc. (a)(b) | 4,345 | 10,167 | ||||||
254,890 | ||||||||
MACHINERY — 3.3% | ||||||||
Accuride Corp. (a)(b) | 1,510 | 5,632 | ||||||
Actuant Corp. (Class A) (a) | 2,774 | 101,639 | ||||||
Alamo Group, Inc. | 270 | 16,386 | ||||||
Albany International Corp. (Class A) | 1,060 | 38,086 | ||||||
Altra Industrial Motion Corp. (a) | 1,024 | 35,041 | ||||||
American Railcar Industries, Inc. (a) | 360 | 16,470 | ||||||
Ampco-Pittsburgh Corp. | 322 | 6,263 | ||||||
Astec Industries, Inc. (a) | 772 | 29,822 | ||||||
Barnes Group, Inc. (a) | 2,030 | 77,769 | ||||||
Blount International, Inc. (a)(b) | 1,852 | 26,798 | ||||||
Briggs & Stratton Corp. (a) | 1,816 | 39,516 | ||||||
Chart Industries, Inc. (a)(b) | 1,152 | 110,177 | ||||||
CIRCOR International, Inc. | 664 | 53,638 | ||||||
CLARCOR, Inc. (a) | 1,815 | 116,795 | ||||||
Columbus McKinnon Corp. (b) | 736 | 19,975 | ||||||
Commercial Vehicle Group, Inc. (a)(b) | 900 | 6,543 | ||||||
Douglas Dynamics, Inc. (a) | 844 | 14,196 | ||||||
Dynamic Materials Corp. (a) | 520 | 11,305 | ||||||
Energy Recovery, Inc. (a)(b) | 1,670 | 9,285 | ||||||
EnPro Industries, Inc. (b) | 790 | 45,544 | ||||||
ESCO Technologies, Inc. (a) | 1,003 | 34,363 | ||||||
Federal Signal Corp. (b) | 2,354 | 34,486 | ||||||
Flow International Corp. (a)(b) | 1,831 | 7,397 | ||||||
Freightcar America, Inc. (a) | 450 | 11,979 | ||||||
Global Brass & Copper Holdings, Inc. (a) | 306 | 5,064 | ||||||
Graham Corp. | 378 | 13,718 | ||||||
Hardinge, Inc. | 448 | 6,483 | ||||||
Hurco Cos., Inc. (a) | 250 | 6,253 | ||||||
Hyster-Yale Materials Handling, Inc. | 396 | 36,891 | ||||||
John Bean Technologies Corp. | 1,096 | 32,146 | ||||||
Kadant, Inc. | 427 | 17,302 | ||||||
L.B. Foster Co. (Class A) (a) | 378 | 17,876 | ||||||
Lindsay Corp. (a) | 488 | 40,382 | ||||||
Lydall, Inc. (b) | 646 | 11,383 | ||||||
Manitex International, Inc. (a)(b) | 508 | 8,067 | ||||||
Meritor, Inc. (b) | 3,681 | 38,393 | ||||||
Middleby Corp. (a)(b) | 699 | 167,739 | ||||||
Miller Industries, Inc. (a) | 430 | 8,011 | ||||||
Mueller Industries, Inc. (a) | 1,060 | 66,791 | ||||||
Mueller Water Products, Inc. (Class A) | 5,963 | 55,873 | ||||||
NN, Inc. | 646 | 13,043 | ||||||
Omega Flex, Inc. (a) | 108 | 2,210 | ||||||
PMFG, Inc. (a)(b) | 790 | 7,150 | ||||||
Proto Labs, Inc. (b) | 646 | 45,982 | ||||||
RBC Bearings, Inc. (a)(b) | 867 | 61,340 | ||||||
Rexnord Corp. (a)(b) | 1,149 | 31,034 | ||||||
Standex International Corp. (a) | 484 | 30,434 | ||||||
Sun Hydraulics Corp. (a) | 808 | 32,991 | ||||||
Tecumseh Products Co. (Class A) (a)(b) | 700 | 6,335 | ||||||
Tennant Co. (a) | 700 | 47,467 | ||||||
The Exone Co. (b) | 252 | 15,236 | ||||||
The Gorman-Rupp Co. | 716 | 23,936 | ||||||
The Greenbrier Cos., Inc. (a)(b) | 918 | 30,147 | ||||||
Titan International, Inc. (a) | 2,014 | 36,212 | ||||||
TriMas Corp. (b) | 1,699 | 67,773 | ||||||
Twin Disc, Inc. (a) | 306 | 7,922 | ||||||
Wabash National Corp. (a)(b) | 2,587 | 31,949 | ||||||
Watts Water Technologies, Inc. (Class A) | 1,078 | 66,696 | ||||||
Woodward, Inc. | 2,550 | 116,306 | ||||||
Xerium Technologies, Inc. (a)(b) | 414 | 6,827 | ||||||
2,082,467 | ||||||||
MARINE — 0.1% | ||||||||
International Shipholding Corp. | 216 | 6,372 | ||||||
Matson, Inc. (a) | 1,613 | 42,115 | ||||||
Ultrapetrol Bahamas, Ltd. (b) | 808 | 3,022 | ||||||
51,509 | ||||||||
MEDIA — 1.5% | ||||||||
AH Belo Corp. (Class A) (a) | 718 | 5,363 | ||||||
Beasley Broadcasting Group, Inc. (Class A) (a) | 162 | 1,414 | ||||||
Carmike Cinemas, Inc. (a)(b) | 864 | 24,054 | ||||||
Central European Media Enterprises, Ltd. (Class A) (a)(b) | 2,893 | 11,109 | ||||||
Crown Media Holdings, Inc. (Class A) (a)(b) | 1,312 | 4,631 | ||||||
Cumulus Media, Inc. (Class A) (b) | 3,536 | 27,333 | ||||||
Daily Journal Corp. (a)(b) | 36 | 6,660 | ||||||
Dex Media, Inc. (b) | 646 | 4,380 | ||||||
Digital Generation, Inc. (a)(b) | 916 | 11,679 | ||||||
Entercom Communications Corp. (Class A) (b) | 900 | 9,459 | ||||||
Entravision Communications Corp. (Class A) (a) | 2,083 | 12,686 | ||||||
Global Sources, Ltd. (b) | 718 | 5,837 | ||||||
Gray Television, Inc. (a)(b) | 1,901 | 28,287 | ||||||
Harte-Hanks, Inc. | 1,618 | 12,653 | ||||||
Hemisphere Media Group, Inc. (b) | 324 | 3,846 | ||||||
Journal Communications, Inc. (Class A) (b) | 1,667 | 15,520 | ||||||
Live Nation Entertainment, Inc. (a)(b) | 5,238 | 103,503 | ||||||
Loral Space & Communications, Inc. (a)(b) | 517 | 41,867 | ||||||
Martha Stewart Living Omnimedia, Inc. (Class A) (b) | 1,086 | 4,561 | ||||||
MDC Partners, Inc. (Class A) | 1,427 | 36,403 | ||||||
Media General, Inc. (Class A) (a)(b) | 738 | 16,679 |
See accompanying notes to financial statements.
165
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Meredith Corp. (a) | 1,348 | $ | 69,826 | |||||
National CineMedia, Inc. (a) | 2,160 | 43,114 | ||||||
Nexstar Broadcasting Group, Inc. (Class A) | 1,113 | 62,028 | ||||||
ReachLocal, Inc. (b) | 396 | 5,033 | ||||||
Reading International, Inc. (Class A) (b) | 664 | 4,973 | ||||||
Rentrak Corp. (a)(b) | 396 | 15,004 | ||||||
Saga Communications, Inc. (Class A) (a) | 207 | 10,412 | ||||||
Salem Communications Corp. (Class A) (a) | 394 | 3,428 | ||||||
Scholastic Corp. (a) | 1,003 | 34,112 | ||||||
SFX Entertainment, Inc. (a)(b) | 642 | 7,704 | ||||||
Sinclair Broadcast Group, Inc. (Class A) (a) | 2,593 | 92,648 | ||||||
The E.W. Scripps Co. (Class A) (b) | 1,185 | 25,738 | ||||||
The McClatchy Co. (Class A) (b) | 2,297 | 7,810 | ||||||
The New York Times Co. (Class A) (a) | 4,869 | 77,271 | ||||||
Valassis Communications, Inc. (a) | 1,469 | 50,313 | ||||||
World Wrestling Entertainment, Inc. (Class A) (a) | 1,080 | 17,906 | ||||||
915,244 | ||||||||
METALS & MINING — 1.4% | ||||||||
A.M. Castle & Co. (a)(b) | 664 | 9,807 | ||||||
AK Steel Holding Corp. (a)(b) | 5,139 | 42,140 | ||||||
Allied Nevada Gold Corp. (a)(b) | 3,918 | 13,909 | ||||||
AMCOL International Corp. (a) | 1,057 | 35,917 | ||||||
Century Aluminum Co. (a)(b) | 1,940 | 20,292 | ||||||
Coeur Mines, Inc. (a)(b) | 3,828 | 41,534 | ||||||
Commercial Metals Co. | 4,417 | 89,798 | ||||||
General Moly, Inc. (b) | 2,171 | 2,909 | ||||||
Globe Specialty Metals, Inc. (a) | 2,428 | 43,728 | ||||||
Gold Resource Corp. (a) | 1,257 | 5,694 | ||||||
Handy & Harman, Ltd. (b) | 198 | 4,794 | ||||||
Haynes International, Inc. (a) | 471 | 26,018 | ||||||
Hecla Mining Co. (a) | 12,560 | 38,685 | ||||||
Horsehead Holding Corp. (a)(b) | 1,681 | 27,249 | ||||||
Kaiser Aluminum Corp. (a) | 718 | 50,432 | ||||||
Materion Corp. (a) | 774 | 23,878 | ||||||
Midway Gold Corp. (b) | 4,237 | 3,432 | ||||||
Molycorp, Inc. (a)(b) | 5,626 | 31,618 | ||||||
Noranda Aluminium Holding Corp. | 1,276 | 4,198 | ||||||
Olympic Steel, Inc. (a) | 342 | 9,911 | ||||||
Paramount Gold and Silver Corp. (a)(b) | 5,207 | 4,852 | ||||||
RTI International Metals, Inc. (a)(b) | 1,186 | 40,573 | ||||||
Schnitzer Steel Industries, Inc. (Class A) (a) | 970 | 31,690 | ||||||
Stillwater Mining Co. (a)(b) | 4,455 | 54,975 | ||||||
SunCoke Energy, Inc. (a)(b) | 2,642 | 60,264 | ||||||
Universal Stainless & Alloy Products, Inc. (a)(b) | 268 | 9,664 | ||||||
US Silica Holdings, Inc. | 808 | 27,561 | ||||||
Walter Energy, Inc. (a) | 2,358 | 39,213 | ||||||
Worthington Industries, Inc. | 2,002 | 84,244 | ||||||
878,979 | ||||||||
MULTI-UTILITIES — 0.3% | ||||||||
Avista Corp. (a) | 2,263 | 63,794 | ||||||
Black Hills Corp. (a) | 1,621 | 85,119 | ||||||
NorthWestern Corp. (a) | 1,433 | 62,077 | ||||||
210,990 | ||||||||
MULTILINE RETAIL — 0.1% | ||||||||
Burlington Stores, Inc. (b) | 532 | 17,024 | ||||||
Fred’s, Inc. (Class A) (a) | 1,384 | 25,632 | ||||||
Gordmans Stores, Inc. | 340 | 2,608 | ||||||
The Bon-Ton Stores, Inc. (a) | 504 | 8,205 | ||||||
Tuesday Morning Corp. (a)(b) | 1,618 | 25,823 | ||||||
79,292 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 3.7% | ||||||||
Abraxas Petroleum Corp. (a)(b) | 3,105 | 10,184 | ||||||
Adams Resources & Energy, Inc. | 72 | 4,932 | ||||||
Alon USA Energy, Inc. (a) | 880 | 14,555 | ||||||
Alpha Natural Resources, Inc. (a)(b) | 8,334 | 59,505 | ||||||
Amyris, Inc. (a)(b) | 988 | 5,226 | ||||||
Apco Oil and Gas International, Inc. (b) | 342 | 5,332 | ||||||
Approach Resources, Inc. (a)(b) | 1,312 | 25,308 | ||||||
Arch Coal, Inc. (a) | 8,010 | 35,644 | ||||||
Athlon Energy, Inc. (a)(b) | 692 | 20,933 | ||||||
Bill Barrett Corp. (a)(b) | 1,834 | 49,114 | ||||||
Bonanza Creek Energy, Inc. (a)(b) | 1,114 | 48,426 | ||||||
BPZ Resources, Inc. (a)(b) | 4,453 | 8,104 | ||||||
Callon Petroleum Co. (b) | 1,509 | 9,854 | ||||||
Carrizo Oil & Gas, Inc. (a)(b) | 1,638 | 73,333 | ||||||
Clayton Williams Energy, Inc. (b) | 245 | 20,078 | ||||||
Clean Energy Fuels Corp. (a)(b) | 2,570 | 33,102 | ||||||
Cloud Peak Energy, Inc. (b) | 2,299 | 41,382 | ||||||
Comstock Resources, Inc. (a) | 1,816 | 33,215 | ||||||
Contango Oil & Gas Co. (b) | 557 | 26,324 | ||||||
Crosstex Energy, Inc. | 1,798 | 65,016 | ||||||
Delek US Holdings, Inc. | 1,402 | 48,243 | ||||||
Diamondback Energy, Inc. (b) | 738 | 39,011 | ||||||
Emerald Oil, Inc. (b) | 2,140 | 16,392 | ||||||
Endeavour International Corp. (a)(b) | 1,780 | 9,345 | ||||||
Energy XXI Bermuda, Ltd. (a) | 2,997 | 81,099 | ||||||
EPL Oil & Gas, Inc. (a)(b) | 1,132 | 32,262 | ||||||
Equal Energy, Ltd. | 1,348 | 7,198 | ||||||
Evolution Petroleum Corp. | 646 | 7,972 | ||||||
EXCO Resources, Inc. (a) | 5,121 | 27,192 | ||||||
Forest Oil Corp. (b) | 4,507 | 16,270 | ||||||
Frontline, Ltd. (a)(b) | 1,942 | 7,263 | ||||||
FX Energy, Inc. (a)(b) | 2,014 | 7,371 | ||||||
GasLog, Ltd. | 969 | 16,560 | ||||||
Gastar Exploration, Ltd. (b) | 2,125 | 14,705 | ||||||
Goodrich Petroleum Corp. (a)(b) | 1,186 | 20,186 | ||||||
Green Plains Renewable Energy, Inc. (a) | 952 | 18,459 | ||||||
Halcon Resources Corp. (a)(b) | 8,755 | 33,794 | ||||||
Hallador Energy Co. (a) | 324 | 2,611 | ||||||
Isramco, Inc. (b) | 36 | 4,574 | ||||||
Jones Energy, Inc. (Class A) (a)(b) | 406 | 5,879 | ||||||
KiOR, Inc. (Class A) (a)(b) | 1,654 | 2,779 | ||||||
Knightsbridge Tankers, Ltd. | 1,100 | 10,109 | ||||||
Kodiak Oil & Gas Corp. (a)(b) | 10,056 | 112,728 |
See accompanying notes to financial statements.
166
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
L&L Energy, Inc. (a)(b) | 1,132 | $ | 1,902 | |||||
Magnum Hunter Resources Corp. (a)(b) | 6,485 | 47,405 | ||||||
Matador Resources Co. (a)(b) | 2,209 | 41,176 | ||||||
Midstates Petroleum Co., Inc. (a)(b) | 1,258 | 8,328 | ||||||
Miller Energy Resources, Inc. (b) | 1,150 | 8,096 | ||||||
Nordic American Tanker Shipping, Ltd. (a) | 2,514 | 24,386 | ||||||
Northern Oil and Gas, Inc. (a)(b) | 2,408 | 36,289 | ||||||
Panhandle Oil & Gas, Inc. (Class A) (a) | 268 | 8,954 | ||||||
PDC Energy, Inc. (a)(b) | 1,349 | 71,794 | ||||||
Penn Virginia Corp. (b) | 2,084 | 19,652 | ||||||
PetroQuest Energy, Inc. (a)(b) | 2,155 | 9,310 | ||||||
Quicksilver Resources, Inc. (a)(b) | 4,705 | 14,444 | ||||||
Renewable Energy Group, Inc. (a)(b) | 792 | 9,076 | ||||||
Rentech, Inc. (a)(b) | 8,532 | 14,931 | ||||||
Resolute Energy Corp. (a)(b) | 2,552 | 23,045 | ||||||
REX American Resources Corp. (a)(b) | 198 | 8,853 | ||||||
Rex Energy Corp. (a)(b) | 1,708 | 33,665 | ||||||
Rosetta Resources, Inc. (a)(b) | 2,254 | 108,282 | ||||||
Sanchez Energy Corp. (a)(b) | 1,448 | 35,490 | ||||||
Scorpio Tankers, Inc. (a) | 6,976 | 82,247 | ||||||
SemGroup Corp.(Class A) (a) | 1,525 | 99,476 | ||||||
Ship Finance International, Ltd. (a) | 2,130 | 34,889 | ||||||
Solazyme, Inc. (a)(b) | 1,800 | 19,602 | ||||||
Stone Energy Corp. (b) | 1,886 | 65,237 | ||||||
Swift Energy Co. (a)(b) | 1,636 | 22,086 | ||||||
Synergy Resources Corp. (b) | 1,945 | 18,011 | ||||||
Targa Resources Corp. | 1,171 | 103,247 | ||||||
Teekay Tankers, Ltd. | 2,351 | 9,239 | ||||||
Triangle Petroleum Corp. (a)(b) | 2,596 | 21,599 | ||||||
Ur-Energy, Inc. (b) | 4,581 | 6,322 | ||||||
Uranium Energy Corp. (a)(b) | 3,231 | 6,462 | ||||||
VAALCO Energy, Inc. (a)(b) | 2,189 | 15,082 | ||||||
W&T Offshore, Inc. (a) | 1,312 | 20,992 | ||||||
Warren Resources, Inc. (a)(b) | 2,750 | 8,635 | ||||||
Western Refining, Inc. (a) | 2,047 | 86,813 | ||||||
Westmoreland Coal Co. (b) | 448 | 8,642 | ||||||
ZaZa Energy Corp. (b) | 1,402 | 1,340 | ||||||
2,286,568 | ||||||||
PAPER & FOREST PRODUCTS — 0.7% | ||||||||
Boise Cascade Co. (a)(b) | 472 | 13,915 | ||||||
Clearwater Paper Corp. (b) | 741 | 38,902 | ||||||
Deltic Timber Corp. (a) | 451 | 30,641 | ||||||
KapStone Paper and Packaging Corp. (b) | 1,551 | 86,639 | ||||||
Louisiana-Pacific Corp. (a)(b) | 5,278 | 97,696 | ||||||
Neenah Paper, Inc. (a) | 609 | 26,047 | ||||||
P.H. Glatfelter Co. | 1,618 | 44,721 | ||||||
Resolute Forest Products, Inc. (b) | 2,639 | 42,277 | ||||||
Schweitzer-Mauduit International, Inc. | 1,186 | 61,043 | ||||||
Wausau Paper Corp. (a) | 1,867 | 23,674 | ||||||
465,555 | ||||||||
PERSONAL PRODUCTS — 0.2% | ||||||||
Elizabeth Arden, Inc. (b) | 970 | 34,386 | ||||||
Inter Parfums, Inc. (a) | 612 | 21,916 | ||||||
Lifevantage Corp. (b) | 4,268 | 7,042 | ||||||
Medifast, Inc. (b) | 522 | 13,640 | ||||||
Nature’s Sunshine Products, Inc. (a) | 414 | 7,170 | ||||||
Nutraceutical International Corp. (b) | 324 | 8,677 | ||||||
Revlon, Inc. (Class A) (b) | 430 | 10,733 | ||||||
Star Scientific, Inc. (a)(b) | 6,287 | 7,293 | ||||||
Synutra International, Inc. (b) | 648 | 5,754 | ||||||
The Female Health Co. (a) | 826 | 7,021 | ||||||
USANA Health Sciences, Inc. (a)(b) | 232 | 17,535 | ||||||
141,167 | ||||||||
PHARMACEUTICALS — 1.6% | ||||||||
AcelRx Pharmaceuticals, Inc. (a)(b) | 897 | 10,145 | ||||||
Aerie Pharmaceuticals, Inc. (b) | 216 | 3,879 | ||||||
Akorn, Inc. (a)(b) | 2,192 | 53,989 | ||||||
Alimera Sciences, Inc. (a)(b) | 645 | �� | 3,038 | |||||
Ampio Pharmaceuticals, Inc. (a)(b) | 1,140 | 8,128 | ||||||
Aratana Therapeutics, Inc. (a)(b) | 261 | 4,985 | ||||||
Auxilium Pharmaceuticals, Inc. (b) | 1,865 | 38,680 | ||||||
AVANIR Pharmaceuticals, Inc. (Class A) (a)(b) | 5,477 | 18,403 | ||||||
BioDelivery Sciences International, Inc. (a)(b) | 1,132 | 6,668 | ||||||
Cadence Pharmaceuticals, Inc. (a)(b) | 2,333 | 21,114 | ||||||
Cempra, Inc. (a)(b) | 774 | 9,590 | ||||||
Corcept Therapeutics, Inc. (a)(b) | 2,011 | 6,475 | ||||||
Cornerstone Therapeutics, Inc. (a)(b) | 340 | 3,227 | ||||||
DepoMed, Inc. (a)(b) | 2,135 | 22,588 | ||||||
Endocyte, Inc. (a)(b) | 1,150 | 12,294 | ||||||
Hi-Tech Pharmacal Co., Inc. (b) | 414 | 17,963 | ||||||
Horizon Pharma, Inc. (a)(b) | 1,942 | 14,798 | ||||||
Impax Laboratories, Inc. (a)(b) | 2,587 | 65,037 | ||||||
Lannett Co., Inc. (a)(b) | 763 | 25,255 | ||||||
Nektar Therapeutics (a)(b) | 4,363 | 49,520 | ||||||
Omeros Corp. (b) | 1,131 | 12,769 | ||||||
Omthera Pharmaceutical, Inc. | 24 | 0 | ||||||
Pacira Pharmaceuticals, Inc. (b) | 1,042 | 59,905 | ||||||
Pernix Therapeutics Holdings (a)(b) | 664 | 1,673 | ||||||
Pozen, Inc. (a)(b) | 1,023 | 8,225 | ||||||
Prestige Brands Holdings, Inc. (b) | 1,890 | 67,662 | ||||||
Questcor Pharmaceuticals, Inc. (a) | 1,963 | 106,885 | ||||||
Relypsa, Inc. (a)(b) | 213 | 5,325 | ||||||
Repros Therapeutics, Inc. (a)(b) | 873 | 15,976 | ||||||
Sagent Pharmaceuticals, Inc. (a)(b) | 728 | 18,477 | ||||||
Sciclone Pharmaceuticals, Inc. (a)(b) | 2,045 | 10,307 | ||||||
Sucampo Pharmaceuticals, Inc. (Class A) (a)(b) | 520 | 4,888 | ||||||
Supernus Pharmaceuticals, Inc. (b) | 561 | 4,230 | ||||||
The Medicines Co. (b) | 2,391 | 92,340 | ||||||
TherapeuticsMD, Inc. (b) | 3,186 | 16,599 | ||||||
ViroPharma, Inc. (b) | 2,515 | 125,373 | ||||||
VIVUS, Inc. (a)(b) | 3,805 | 34,549 | ||||||
XenoPort, Inc. (b) | 1,636 | 9,407 | ||||||
Zogenix, Inc. (b) | 2,765 | 9,512 | ||||||
999,878 | ||||||||
PROFESSIONAL SERVICES — 1.4% | ||||||||
Acacia Research Corp. (a) | 1,852 | 26,928 | ||||||
Barrett Business Services, Inc. | 272 | 25,225 | ||||||
CBIZ, Inc. (a)(b) | 1,433 | 13,069 |
See accompanying notes to financial statements.
167
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
CDI Corp. | 538 | $ | 9,969 | |||||
CRA International, Inc. (a)(b) | 378 | 7,484 | ||||||
Exponent, Inc. (a) | 502 | 38,875 | ||||||
Franklin Covey Co. (b) | 342 | 6,799 | ||||||
FTI Consulting, Inc. (a)(b) | 1,525 | 62,738 | ||||||
GP Strategies Corp. (b) | 556 | 16,563 | ||||||
Heidrick & Struggles International, Inc. (a) | 682 | 13,735 | ||||||
Huron Consulting Group, Inc. (b) | 880 | 55,194 | ||||||
ICF International, Inc. (b) | 738 | 25,616 | ||||||
Insperity, Inc. (a) | 844 | 30,494 | ||||||
Kelly Services, Inc. (Class A) (a) | 1,021 | 25,464 | ||||||
Kforce, Inc. (a) | 1,024 | 20,951 | ||||||
Korn/Ferry International (b) | 1,834 | 47,904 | ||||||
Mistras Group, Inc. (a)(b) | 594 | 12,403 | ||||||
Navigant Consulting, Inc. (a)(b) | 1,904 | 36,557 | ||||||
Odyssey Marine Exploration, Inc. (b) | 2,989 | 6,038 | ||||||
On Assignment, Inc. (b) | 1,726 | 60,272 | ||||||
Pendrell Corp. (b) | 6,109 | 12,279 | ||||||
Resources Connection, Inc. | 1,543 | 22,111 | ||||||
RPX Corp. (a)(b) | 1,222 | 20,652 | ||||||
The Advisory Board Co. (a)(b) | 1,348 | 85,827 | ||||||
The Corporate Executive Board Co. | 1,276 | 98,801 | ||||||
TrueBlue, Inc. (b) | 1,541 | 39,727 | ||||||
VSE Corp. | 162 | 7,778 | ||||||
WageWorks, Inc. (a)(b) | 877 | 52,129 | ||||||
881,582 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 7.0% | ||||||||
Acadia Realty Trust | 2,081 | 51,671 | ||||||
AG Mortgage Investment Trust, Inc. (a) | 1,059 | 16,563 | ||||||
Agree Realty Corp. | 505 | 14,655 | ||||||
Alexander’s, Inc. (a) | 85 | 28,050 | ||||||
American Assets Trust, Inc. (a) | 1,273 | 40,010 | ||||||
American Capital Mortgage Investment Corp. (a) | 1,915 | 33,436 | ||||||
American Realty Capital Properties, Inc. (a) | 5,819 | 74,832 | ||||||
American Residential Properties, Inc. (b) | 520 | 8,923 | ||||||
AmREIT, Inc. (a) | 748 | 12,566 | ||||||
Anworth Mortgage Asset Corp. | 5,463 | 22,999 | ||||||
Apollo Commercial Real Estate Finance, Inc. | 1,386 | 22,523 | ||||||
Apollo Residential Mortgage, Inc. (a) | 1,204 | 17,795 | ||||||
Ares Commercial Real Estate Corp. (a) | 818 | 10,716 | ||||||
Armada Hoffler Properties, Inc. (a) | 718 | 6,663 | ||||||
ARMOUR Residential REIT, Inc. | 14,119 | 56,617 | ||||||
Ashford Hospitality Prime, Inc. | 465 | 8,463 | ||||||
Ashford Hospitality Trust, Inc. | 2,328 | 19,276 | ||||||
Associated Estates Realty Corp. | 2,180 | 34,989 | ||||||
Aviv REIT, Inc. | 432 | 10,238 | ||||||
Campus Crest Communities, Inc. (a) | 2,441 | 22,970 | ||||||
Capstead Mortgage Corp. (a) | 3,609 | 43,597 | ||||||
Cedar Realty Trust, Inc. (a) | 2,731 | 17,096 | ||||||
Chambers Street Properties (a) | 8,967 | 68,598 | ||||||
Chatham Lodging Trust (a) | 990 | 20,246 | ||||||
Chesapeake Lodging Trust (a) | 1,834 | 46,382 | ||||||
Colony Financial, Inc. (a) | 2,766 | 56,122 | ||||||
Coresite Realty Corp. (a) | 789 | 25,398 | ||||||
Cousins Properties, Inc. (a) | 6,349 | 65,395 | ||||||
CubeSmart | 5,029 | 80,162 | ||||||
CyrusOne, Inc. (a) | 720 | 16,078 | ||||||
CYS Investments, Inc. | 6,591 | 48,839 | ||||||
DCT Industrial Trust, Inc. | 10,976 | 78,259 | ||||||
DiamondRock Hospitality Co. (a) | 7,382 | 85,262 | ||||||
DuPont Fabros Technology, Inc. | 2,354 | 58,167 | ||||||
Dynex Capital, Inc. (a) | 2,068 | 16,544 | ||||||
EastGroup Properties, Inc. (a) | 1,150 | 66,619 | ||||||
Education Realty Trust, Inc. | 4,309 | 38,005 | ||||||
Ellington Residential Mortgage REIT (a) | 250 | 3,845 | ||||||
Empire State Realty Trust, Inc. (Class A) | 2,973 | 45,487 | ||||||
EPR Properties (a) | 1,957 | 96,206 | ||||||
Equity One, Inc. (a) | 2,279 | 51,141 | ||||||
Excel Trust, Inc. (a) | 1,811 | 20,627 | ||||||
FelCor Lodging Trust, Inc. (a)(b) | 4,687 | 38,246 | ||||||
First Industrial Realty Trust, Inc. (a) | 4,059 | 70,830 | ||||||
First Potomac Realty Trust (a) | 2,212 | 25,726 | ||||||
Franklin Street Properties Corp. | 3,396 | 40,582 | ||||||
Getty Realty Corp. | 970 | 17,819 | ||||||
Gladstone Commercial Corp. | 537 | 9,650 | ||||||
Glimcher Realty Trust (a) | 5,459 | 51,096 | ||||||
Government Properties Income Trust (a) | 2,065 | 51,315 | ||||||
Gramercy Property Trust, Inc. (a)(b) | 2,245 | 12,909 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 558 | 7,790 | ||||||
Healthcare Realty Trust, Inc. | 3,528 | 75,182 | ||||||
Hersha Hospitality Trust | 7,650 | 42,610 | ||||||
Highwoods Properties, Inc. (a) | 3,359 | 121,495 | ||||||
Hudson Pacific Properties, Inc. (a) | 1,636 | 35,779 | ||||||
Inland Real Estate Corp. (a) | 3,218 | 33,853 | ||||||
Invesco Mortgage Capital, Inc. (a) | 5,103 | 74,912 | ||||||
Investors Real Estate Trust | 3,809 | 32,681 | ||||||
iStar Financial, Inc. (a)(b) | 3,213 | 45,850 | ||||||
JAVELIN Mortgage Investment Corp. (a) | 504 | 7,021 | ||||||
Kite Realty Group Trust (a) | 4,632 | 30,432 | ||||||
LaSalle Hotel Properties (a) | 3,905 | 120,508 | ||||||
Lexington Realty Trust (a) | 6,793 | 69,357 | ||||||
LTC Properties, Inc. | 1,312 | 46,432 | ||||||
Medical Properties Trust, Inc. (a) | 6,111 | 74,676 | ||||||
Monmouth Real Estate Investment Corp.(Class A) | 1,606 | 14,599 | ||||||
National Health Investors, Inc. (a) | 1,043 | 58,512 | ||||||
New Residential Investment Corp. | 9,556 | 63,834 | ||||||
New York Mortgage Trust, Inc. (a) | 2,407 | 16,825 | ||||||
NorthStar Realty Finance Corp. (a) | 10,766 | 144,803 | ||||||
One Liberty Properties, Inc. | 448 | 9,018 | ||||||
Parkway Properties, Inc. | 1,587 | 30,619 | ||||||
Pebblebrook Hotel Trust | 2,318 | 71,302 | ||||||
Pennsylvania Real Estate Investment Trust | 2,569 | 48,760 | ||||||
PennyMac Mortgage Investment Trust | 2,662 | 61,120 | ||||||
Physicians Realty Trust | 487 | 6,204 |
See accompanying notes to financial statements.
168
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Potlatch Corp. | 1,528 | $ | 63,779 | |||||
PS Business Parks, Inc. | 690 | 52,730 | ||||||
QTS Realty Trust, Inc. (Class A) (a) | 430 | 10,655 | ||||||
RAIT Financial Trust (a) | 2,642 | 23,699 | ||||||
Ramco-Gershenson Properties Trust (a) | 2,262 | 35,604 | ||||||
Redwood Trust, Inc. | 3,105 | 60,144 | ||||||
Resource Capital Corp. (a) | 4,795 | 28,434 | ||||||
Retail Opportunity Investments Corp. (a) | 2,715 | 39,965 | ||||||
Rexford Industrial Realty, Inc. | 634 | 8,369 | ||||||
RLJ Lodging Trust | 4,681 | 113,842 | ||||||
Rouse Properties, Inc. (a) | 844 | 18,728 | ||||||
Ryman Hospitality Properties (a) | 1,669 | 69,731 | ||||||
Sabra Healthcare REIT, Inc. (a) | 1,402 | 36,648 | ||||||
Saul Centers, Inc. | 290 | 13,842 | ||||||
Select Income REIT | 831 | 22,221 | ||||||
Silver Bay Realty Trust Corp. (a) | 576 | 9,210 | ||||||
Sovran Self Storage, Inc. | 1,186 | 77,292 | ||||||
STAG Industrial, Inc. (a) | 1,582 | 32,257 | ||||||
Strategic Hotels & Resorts, Inc. (b) | 6,843 | 64,666 | ||||||
Summit Hotel Properties, Inc. | 3,048 | 27,432 | ||||||
Sun Communities, Inc. | 1,303 | 55,560 | ||||||
Sunstone Hotel Investors, Inc. (a) | 6,755 | 90,517 | ||||||
Terreno Realty Corp. | 955 | 16,904 | ||||||
UMH Properties, Inc. (a) | 577 | 5,435 | ||||||
Universal Health Realty Income Trust | 450 | 18,027 | ||||||
Urstadt Biddle Properties, Inc. (Class A) (a) | 936 | 17,269 | ||||||
Washington Real Estate Investment Trust (a) | 2,522 | 58,914 | ||||||
Western Asset Mortgage Capital Corp. (a) | 916 | 13,630 | ||||||
Whitestone REIT | 939 | 12,554 | ||||||
Winthrop Realty Trust (a) | 1,180 | 13,039 | ||||||
ZAIS Financial Corp. (a) | 216 | 3,462 | ||||||
4,338,936 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.4% | ||||||||
Alexander & Baldwin, Inc. (a) | 1,577 | 65,808 | ||||||
Altisource Residential Corp. (a) | 1,600 | 48,176 | ||||||
AV Homes, Inc. (a)(b) | 360 | 6,541 | ||||||
Consolidated-Tomoka Land Co. | 216 | 7,838 | ||||||
Forestar Group, Inc. (a)(b) | 1,312 | 27,906 | ||||||
Kennedy-Wilson Holdings, Inc. (a) | 2,155 | 47,949 | ||||||
RE/MAX Holdings, Inc. (Class A) (b) | 424 | 13,598 | ||||||
Tejon Ranch Co. (a)(b) | 522 | 19,189 | ||||||
237,005 | ||||||||
ROAD & RAIL — 0.5% | ||||||||
Arkansas Best Corp. | 970 | 32,670 | ||||||
Celadon Group, Inc. (a) | 756 | 14,727 | ||||||
Heartland Express, Inc. (a) | 1,739 | 34,119 | ||||||
Knight Transportation, Inc. (a) | 2,212 | 40,568 | ||||||
Marten Transport, Ltd. | 880 | 17,767 | ||||||
Patriot Transportation Holding, Inc. (a)(b) | 252 | 10,461 | ||||||
Quality Distribution, Inc. (a)(b) | 792 | 10,161 | ||||||
Roadrunner Transportation Systems, Inc. (b) | 698 | 18,811 | ||||||
Saia, Inc. (b) | 916 | 29,358 | ||||||
Swift Transportation Co. (a)(b) | 3,164 | 70,272 | ||||||
Universal Truckload Services, Inc. | 198 | 6,041 | ||||||
Werner Enterprises, Inc. (a) | 1,726 | 42,684 | ||||||
YRC Worldwide, Inc. (a)(b) | 406 | 7,052 | ||||||
334,691 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.4% | ||||||||
Advanced Energy Industries, Inc. (a)(b) | 1,476 | 33,741 | ||||||
Alpha & Omega Semiconductor, Ltd. (a)(b) | 648 | 4,996 | ||||||
Ambarella, Inc. (b) | 700 | 23,751 | ||||||
Amkor Technology, Inc. (a)(b) | 2,618 | 16,048 | ||||||
Anadigics, Inc. (a)(b) | 3,107 | 5,717 | ||||||
Applied Micro Circuits Corp. (a)(b) | 2,766 | 37,009 | ||||||
ATMI, Inc. (b) | 1,204 | 36,373 | ||||||
Axcelis Technologies, Inc. (b) | 4,093 | 9,987 | ||||||
Brooks Automation, Inc. (a) | 2,513 | 26,361 | ||||||
Cabot Microelectronics Corp. (b) | 880 | 40,216 | ||||||
Cavium, Inc. (a)(b) | 1,940 | 66,950 | ||||||
CEVA, Inc. (a)(b) | 841 | 12,800 | ||||||
Cirrus Logic, Inc. (b) | 2,390 | 48,828 | ||||||
Cohu, Inc. (a) | 934 | 9,807 | ||||||
Cypress Semiconductor Corp. (a)(b) | 5,549 | 58,265 | ||||||
Diodes, Inc. (b) | 1,348 | 31,759 | ||||||
DSP Group, Inc. (b) | 751 | 7,292 | ||||||
Entegris, Inc. (a)(b) | 5,261 | 61,028 | ||||||
Entropic Communications, Inc. (a)(b) | 3,378 | 15,910 | ||||||
Exar Corp. (b) | 1,438 | 16,954 | ||||||
Formfactor, Inc. (a)(b) | 2,032 | 12,233 | ||||||
GSI Technology, Inc. (b) | 772 | 5,126 | ||||||
GT Advanced Technologies, Inc. (a)(b) | 4,538 | 39,571 | ||||||
Hittite Microwave Corp. (b) | 1,191 | 73,521 | ||||||
Inphi Corp. (b) | 988 | 12,745 | ||||||
Integrated Device Technology, Inc. (a)(b) | 4,975 | 50,695 | ||||||
Integrated Silicon Solution, Inc. (a)(b) | 1,060 | 12,815 | ||||||
Intermolecular, Inc. (a)(b) | 648 | 3,188 | ||||||
International Rectifier Corp. (a)(b) | 2,623 | 68,382 | ||||||
Intersil Corp. (Class A) | 4,797 | 55,022 | ||||||
IXYS Corp. | 916 | 11,881 | ||||||
Kopin Corp. (a)(b) | 2,498 | 10,542 | ||||||
Lattice Semiconductor Corp. (b) | 4,363 | 24,040 | ||||||
LTX-Credence Corp. (a)(b) | 1,796 | 14,350 | ||||||
M/A-COM Technology Solutions Holdings, Inc. (b) | 396 | 6,728 | ||||||
MaxLinear, Inc. (Class A) (b) | 880 | 9,178 | ||||||
Micrel, Inc. (a) | 1,760 | 17,371 | ||||||
Microsemi Corp. (a)(b) | 3,515 | 87,699 | ||||||
MKS Instruments, Inc. | 1,996 | 59,760 | ||||||
Monolithic Power Systems, Inc. (a)(b) | 1,384 | 47,970 | ||||||
MoSys, Inc. (a)(b) | 1,777 | 9,809 | ||||||
Nanometrics, Inc. (a)(b) | 877 | 16,707 | ||||||
NeoPhotonics Corp. (b) | 756 | 5,337 | ||||||
NVE Corp. (b) | 180 | 10,490 |
See accompanying notes to financial statements.
169
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
OmniVision Technologies, Inc. (a)(b) | 2,032 | $ | 34,950 | |||||
PDF Solutions, Inc. (a)(b) | 952 | 24,390 | ||||||
Peregrine Semiconductor Corp. (a)(b) | 1,003 | 7,432 | ||||||
Pericom Semiconductor Corp. (b) | 862 | 7,637 | ||||||
Photronics, Inc. (a)(b) | 2,297 | 20,742 | ||||||
PLX Technology, Inc. (b) | 1,723 | 11,337 | ||||||
PMC-Sierra, Inc. (a)(b) | 7,704 | 49,537 | ||||||
Power Integrations, Inc. (a) | 1,096 | 61,179 | ||||||
Rambus, Inc. (a)(b) | 4,219 | 39,954 | ||||||
RF Micro Devices, Inc. (a)(b) | 10,616 | 54,779 | ||||||
Rubicon Technology, Inc. (a)(b) | 666 | 6,627 | ||||||
Rudolph Technologies, Inc. (a)(b) | 1,237 | 14,522 | ||||||
Semtech Corp. (a)(b) | 2,556 | 64,616 | ||||||
Sigma Designs, Inc. (a)(b) | 1,150 | 5,428 | ||||||
Silicon Image, Inc. (b) | 2,912 | 17,909 | ||||||
Spansion, Inc. (Class A) (a)(b) | 1,780 | 24,724 | ||||||
SunEdison, Inc. (a)(b) | 10,100 | 131,805 | ||||||
SunPower Corp. (a)(b) | 1,559 | 46,474 | ||||||
Supertex, Inc. (b) | 376 | 9,419 | ||||||
Synaptics, Inc. (a)(b) | 1,268 | 65,695 | ||||||
Tessera Technologies, Inc. (a) | 1,993 | 39,282 | ||||||
TriQuint Semiconductor, Inc. (a)(b) | 6,161 | 51,383 | ||||||
Ultra Clean Holdings, Inc. (b) | 898 | 9,007 | ||||||
Ultratech, Inc. (a)(b) | 1,042 | 30,218 | ||||||
Veeco Instruments, Inc. (a)(b) | 1,474 | 48,509 | ||||||
2,106,507 | ||||||||
SOFTWARE — 4.3% | ||||||||
Accelrys, Inc. (a)(b) | 2,104 | 20,072 | ||||||
ACI Worldwide, Inc. (b) | 1,513 | 98,345 | ||||||
Actuate Corp. (a)(b) | 1,780 | 13,724 | ||||||
Advent Software, Inc. (a) | 1,237 | 43,283 | ||||||
American Software, Inc. (Class A) (a) | 900 | 8,883 | ||||||
Aspen Technology, Inc. (b) | 3,551 | 148,432 | ||||||
AVG Technologies NV (b) | 900 | 15,489 | ||||||
Barracuda Networks, Inc. (b) | 109 | 4,325 | ||||||
Blackbaud, Inc. | 1,724 | 64,909 | ||||||
Bottomline Technologies, Inc. (a)(b) | 1,486 | 53,734 | ||||||
BroadSoft, Inc. (a)(b) | 1,060 | 28,980 | ||||||
Callidus Software, Inc. (b) | 1,426 | 19,579 | ||||||
CommVault Systems, Inc. (a)(b) | 1,763 | 132,013 | ||||||
Comverse, Inc. (a)(b) | 843 | 32,708 | ||||||
Covisint Corp. (a)(b) | 215 | 2,698 | ||||||
Cyan, Inc. (b) | 306 | 1,619 | ||||||
Digimarc Corp. (a) | 234 | 4,507 | ||||||
Ebix, Inc. (a) | 1,168 | 17,193 | ||||||
Ellie Mae, Inc. (a)(b) | 988 | 26,548 | ||||||
EPIQ Systems, Inc. | 1,186 | 19,225 | ||||||
ePlus, Inc. (a)(b) | 144 | 8,185 | ||||||
Fair Isaac Corp. | 1,291 | 81,126 | ||||||
FleetMatics Group PLC (a)(b) | 614 | 26,555 | ||||||
Gigamon, Inc. (a)(b) | 285 | 8,003 | ||||||
Glu Mobile, Inc. (b) | 2,393 | 9,309 | ||||||
Guidance Software, Inc. (a)(b) | 630 | 6,363 | ||||||
Guidewire Software, Inc. (a)(b) | 1,849 | 90,730 | ||||||
Imperva, Inc. (a)(b) | 756 | 36,386 | ||||||
Infoblox, Inc. (a)(b) | 1,894 | 62,540 | ||||||
Interactive Intelligence Group (a)(b) | 589 | 39,675 | ||||||
Jive Software, Inc. (a)(b) | 1,492 | 16,785 | ||||||
Manhattan Associates, Inc. (a)(b) | 739 | 86,818 | ||||||
Mavenir Systems, Inc. (b) | 112 | 1,250 | ||||||
Mentor Graphics Corp. (a) | 3,498 | 84,197 | ||||||
MicroStrategy, Inc. (b) | 344 | 42,739 | ||||||
Mitek Systems, Inc. (a)(b) | 924 | 5,489 | ||||||
Model N, Inc. (b) | 306 | 3,608 | ||||||
Monotype Imaging Holdings, Inc. (a) | 1,438 | 45,815 | ||||||
Netscout Systems, Inc. (a)(b) | 1,366 | 40,420 | ||||||
Pegasystems, Inc. | 661 | 32,508 | ||||||
Progress Software Corp. (a)(b) | 1,986 | 51,298 | ||||||
Proofpoint, Inc. (a)(b) | 828 | 27,465 | ||||||
PROS Holdings, Inc. (a)(b) | 846 | 33,755 | ||||||
PTC, Inc. (a)(b) | 4,494 | 159,043 | ||||||
QAD, Inc. (Class A) | 216 | 3,815 | ||||||
QLIK Technologies, Inc. (a)(b) | 3,294 | 87,719 | ||||||
Quality Systems, Inc. | 1,510 | 31,801 | ||||||
Qualys, Inc. (a)(b) | 558 | 12,895 | ||||||
Rally Software Development Corp. (a)(b) | 254 | 4,940 | ||||||
RealPage, Inc. (b) | 1,759 | 41,125 | ||||||
Rosetta Stone, Inc. (a)(b) | 432 | 5,279 | ||||||
Sapiens International Corp. NV | 651 | 5,019 | ||||||
SeaChange International, Inc. (a)(b) | 1,240 | 15,078 | ||||||
Silver Spring Networks, Inc. (a)(b) | 216 | 4,536 | ||||||
SS&C Technologies Holdings, Inc. (b) | 2,152 | 95,247 | ||||||
Synchronoss Technologies, Inc. (b) | 1,096 | 34,053 | ||||||
Take-Two Interactive Software, Inc. (a)(b) | 3,056 | 53,083 | ||||||
Tangoe, Inc. (b) | 1,168 | 21,036 | ||||||
TeleCommunication Systems, Inc. (Class A) (a)(b) | 1,796 | 4,167 | ||||||
TeleNav, Inc. (b) | 666 | 4,389 | ||||||
TiVo, Inc. (b) | 4,777 | 62,674 | ||||||
Tyler Technologies, Inc. (a)(b) | 1,169 | 119,390 | ||||||
Ultimate Software Group, Inc. (a)(b) | 1,029 | 157,663 | ||||||
Vasco Data Security International (b) | 1,096 | 8,472 | ||||||
Verint Systems, Inc. (b) | 1,991 | 85,493 | ||||||
VirnetX Holding Corp. (a)(b) | 1,597 | 30,998 | ||||||
Vringo, Inc. (a)(b) | 2,533 | 7,498 | ||||||
2,652,698 | ||||||||
SPECIALTY RETAIL — 3.5% | ||||||||
Aeropostale, Inc. (a)(b) | 2,963 | 26,934 | ||||||
America’s Car-Mart, Inc. (a)(b) | 306 | 12,922 | ||||||
ANN, Inc. (a)(b) | 1,786 | 65,296 | ||||||
Asbury Automotive Group, Inc. (a)(b) | 1,176 | 63,198 | ||||||
Barnes & Noble, Inc. (a)(b) | 1,528 | 22,844 | ||||||
bebe stores, inc. (a) | 1,312 | 6,980 | ||||||
Big 5 Sporting Goods Corp. (a) | 630 | 12,487 | ||||||
Body Central Corp. (a)(b) | 628 | 2,474 | ||||||
Brown Shoe Co., Inc. | 1,636 | 46,037 | ||||||
Christopher & Banks Corp. (a)(b) | 1,366 | 11,666 | ||||||
Citi Trends, Inc. (b) | 576 | 9,792 | ||||||
Conn’s, Inc. (b) | 849 | 66,893 | ||||||
Destination Maternity Corp. | 504 | 15,060 | ||||||
Destination XL Group, Inc. (a)(b) | 1,582 | 10,394 | ||||||
Express, Inc. (a)(b) | 3,218 | 60,080 | ||||||
Five Below, Inc. (a)(b) | 1,240 | 53,568 | ||||||
Francesca’s Holdings Corp. (a)(b) | 1,667 | 30,689 | ||||||
Genesco, Inc. (a)(b) | 836 | 61,078 | ||||||
Group 1 Automotive, Inc. (a) | 826 | 58,662 |
See accompanying notes to financial statements.
170
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Haverty Furniture Cos., Inc. | 751 | $ | 23,506 | |||||
hhgregg, Inc. (a)(b) | 486 | 6,789 | ||||||
Hibbett Sports, Inc. (a)(b) | 987 | 66,336 | ||||||
Jos. A. Bank Clothiers, Inc. (a)(b) | 1,060 | 58,014 | ||||||
Kirkland’s, Inc. (b) | 522 | 12,356 | ||||||
Lithia Motors, Inc. (Class A) (a) | 843 | 58,521 | ||||||
Lumber Liquidators Holdings, Inc. (a)(b) | 1,046 | 107,623 | ||||||
MarineMax, Inc. (a)(b) | 880 | 14,150 | ||||||
Mattress Firm Holding Corp. (a)(b) | 504 | 21,692 | ||||||
Monro Muffler Brake, Inc. (a) | 1,190 | 67,068 | ||||||
New York & Co., Inc. (b) | 1,080 | 4,720 | ||||||
Office Depot, Inc. (a)(b) | 17,748 | 93,887 | ||||||
Outerwall, Inc. (a)(b) | 1,033 | 69,490 | ||||||
Pacific Sunwear of California, Inc. (b) | 1,744 | 5,825 | ||||||
Penske Automotive Group, Inc. (a) | 1,597 | 75,314 | ||||||
Pep Boys-Manny, Moe & Jack (a)(b) | 2,011 | 24,414 | ||||||
Pier 1 Imports, Inc. (a) | 3,575 | 82,511 | ||||||
RadioShack Corp. (a)(b) | 3,758 | 9,771 | ||||||
Rent-A-Center, Inc. (a) | 2,015 | 67,180 | ||||||
Restoration Hardware Holdings, Inc. (b) | 669 | 45,024 | ||||||
Sears Hometown and Outlet Stores, Inc. (b) | 324 | 8,262 | ||||||
Select Comfort Corp. (a)(b) | 2,102 | 44,331 | ||||||
Shoe Carnival, Inc. (a) | 571 | 16,565 | ||||||
Sonic Automotive, Inc. (Class A) (a) | 1,474 | 36,083 | ||||||
Stage Stores, Inc. (a) | 1,240 | 27,553 | ||||||
Stein Mart, Inc. (a) | 1,042 | 14,015 | ||||||
Systemax, Inc. (b) | 414 | 4,657 | ||||||
The Buckle, Inc. (a) | 1,060 | 55,714 | ||||||
The Cato Corp. (Class A) | 1,042 | 33,136 | ||||||
The Children’s Place Retail Stores, Inc. (a)(b) | 877 | 49,963 | ||||||
The Container Store Group, Inc. (b) | 530 | 24,703 | ||||||
The Finish Line, Inc. (Class A) (a) | 1,852 | 52,171 | ||||||
The Men’s Wearhouse, Inc. (a) | 1,795 | 91,689 | ||||||
The Wet Seal, Inc. (Class A) (b) | 3,359 | 9,170 | ||||||
Tile Shop Holdings, Inc. (a)(b) | 700 | 12,649 | ||||||
Tilly’s, Inc. (Class A) (a)(b) | 376 | 4,305 | ||||||
Trans World Entertainment Corp. (a)(b) | 396 | 1,750 | ||||||
Vitamin Shoppe, Inc. (a)(b) | 1,150 | 59,811 | ||||||
West Marine, Inc. (b) | 646 | 9,193 | ||||||
Winmark Corp. (a) | 92 | 8,521 | ||||||
Zale Corp. (a)(b) | 1,222 | 19,271 | ||||||
Zumiez, Inc. (a)(b) | 792 | 20,592 | ||||||
2,155,349 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.4% | ||||||||
American Apparel, Inc. (a)(b) | 2,191 | 2,695 | ||||||
Columbia Sportswear Co. | 486 | 38,272 | ||||||
Costa, Inc. (a)(b) | 360 | 7,823 | ||||||
Crocs, Inc. (b) | 3,324 | 52,918 | ||||||
Culp, Inc. (a) | 306 | 6,258 | ||||||
Fifth & Pacific Cos., Inc. (a)(b) | 4,506 | 144,507 | ||||||
G-III Apparel Group, Ltd. (a)(b) | 630 | 46,488 | ||||||
Iconix Brand Group, Inc. (a)(b) | 1,944 | 77,177 | ||||||
Movado Group, Inc. | 666 | 29,311 | ||||||
Oxford Industries, Inc. (a) | 504 | 40,658 | ||||||
Perry Ellis International, Inc. (a)(b) | 468 | 7,390 | ||||||
Quiksilver, Inc. (a)(b) | 5,009 | 43,929 | ||||||
RG Barry Corp. (a) | 378 | 7,295 | ||||||
Skechers U.S.A., Inc. (a)(b) | 1,456 | 48,237 | ||||||
Steven Madden, Ltd. (b) | 2,215 | 81,047 | ||||||
The Jones Group, Inc. | 3,020 | 45,179 | ||||||
Tumi Holdings, Inc. (a)(b) | 1,811 | 40,838 | ||||||
Unifi, Inc. (b) | 558 | 15,200 | ||||||
Vera Bradley, Inc. (a)(b) | 810 | 19,472 | ||||||
Vince Holding Corp. (b) | 424 | 13,004 | ||||||
Wolverine World Wide, Inc. (a) | 3,799 | 129,014 | ||||||
896,712 | ||||||||
THRIFTS & MORTGAGE FINANCE — 1.7% | ||||||||
Astoria Financial Corp. (a) | 3,339 | 46,178 | ||||||
Banc of California, Inc. (a) | 625 | 8,381 | ||||||
Bank Mutual Corp. (a) | 1,757 | 12,317 | ||||||
BankFinancial Corp. | 792 | 7,255 | ||||||
BBX Capital Corp. (Class A) (a)(b) | 270 | 4,212 | ||||||
Beneficial Mutual Bancorp, Inc. (a)(b) | 1,204 | 13,148 | ||||||
Berkshire Hills Bancorp, Inc. | 952 | 25,961 | ||||||
BofI Holding, Inc. (a)(b) | 481 | 37,725 | ||||||
Brookline Bancorp, Inc. (a) | 2,642 | 25,284 | ||||||
Capitol Federal Financial, Inc. (a) | 5,621 | 68,070 | ||||||
Charter Financial Corp. | 862 | 9,284 | ||||||
Clifton Savings Bancorp, Inc. (a) | 324 | 4,147 | ||||||
Dime Community Bancshares (a) | 1,204 | 20,372 | ||||||
Doral Financial Corp. (a)(b) | 252 | 3,946 | ||||||
ESB Financial Corp. (a) | 486 | 6,901 | ||||||
ESSA Bancorp, Inc. | 342 | 3,954 | ||||||
Essent Group, Ltd. (a)(b) | 747 | 17,973 | ||||||
EverBank Financial Corp. (a) | 3,038 | 55,717 | ||||||
Federal Agricultural Mortgage Corp. (Class C) | 394 | 13,495 | ||||||
First Defiance Financial Corp. | 373 | 9,687 | ||||||
First Federal Bancshares of Arkansas, Inc. (b) | 108 | 940 | ||||||
First Financial Northwest, Inc. (a) | 580 | 6,015 | ||||||
Flagstar Bancorp, Inc. (a)(b) | 754 | 14,793 | ||||||
Fox Chase Bancorp, Inc. | 466 | 8,099 | ||||||
Franklin Financial Corp. (a)(b) | 412 | 8,149 | ||||||
Hingham Institution for Savings (a) | 54 | 4,238 | ||||||
Home Bancorp, Inc. (a)(b) | 250 | 4,713 | ||||||
Home Loan Servicing Solutions, Ltd. | 2,682 | 61,606 | ||||||
HomeStreet, Inc. (a) | 486 | 9,720 | ||||||
Kearny Financial Corp. (a)(b) | 540 | 6,280 | ||||||
Meridian Interstate Bancorp, Inc. (a)(b) | 319 | 7,203 | ||||||
Meta Financial Group, Inc. (a) | 229 | 9,236 | ||||||
MGIC Investment Corp. (a)(b) | 12,018 | 101,432 | ||||||
NASB Financial, Inc. | 162 | 4,892 | ||||||
Northfield Bancorp, Inc. (a) | 2,192 | 28,934 | ||||||
Northwest Bancshares, Inc. (a) | 3,539 | 52,306 | ||||||
OceanFirst Financial Corp. (a) | 522 | 8,942 | ||||||
Oritani Financial Corp. | 1,708 | 27,413 | ||||||
PennyMac Financial Services, Inc. (Class A) (a)(b) | 484 | 8,494 | ||||||
Provident Financial Holdings, Inc. | 342 | 5,130 | ||||||
Provident Financial Services, Inc. | 2,248 | 43,431 | ||||||
Radian Group, Inc. (a) | 6,382 | 90,114 |
See accompanying notes to financial statements.
171
SPDR Russell 2000 ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Rockville Financial, Inc. | 1,038 | $ | 14,750 | |||||
Stonegate Mortgage Corp. (a)(b) | 217 | 3,587 | ||||||
Territorial Bancorp, Inc. | 396 | 9,187 | ||||||
Tree.com, Inc. (a)(b) | 234 | 7,685 | ||||||
TrustCo Bank Corp. NY | 3,557 | 25,539 | ||||||
United Community Financial Corp. (a)(b) | 1,827 | 6,522 | ||||||
United Financial Bancorp, Inc. | 738 | 13,941 | ||||||
Walker & Dunlop, Inc. (b) | 627 | 10,139 | ||||||
Waterstone Financial, Inc. (a)(b) | 270 | 2,997 | ||||||
Westfield Financial, Inc. | 688 | 5,132 | ||||||
WSFS Financial Corp. (a) | 320 | 24,810 | ||||||
1,030,376 | ||||||||
TOBACCO — 0.2% | ||||||||
Alliance One International, Inc. (b) | 3,306 | 10,083 | ||||||
Universal Corp. (a) | 880 | 48,048 | ||||||
Vector Group, Ltd. (a) | 2,389 | 39,108 | ||||||
97,239 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 1.0% | ||||||||
Aceto Corp. | 1,039 | 25,985 | ||||||
Aircastle, Ltd. (a) | 2,587 | 49,567 | ||||||
Applied Industrial Technologies, Inc. | 1,600 | 78,544 | ||||||
Beacon Roofing Supply, Inc. (a)(b) | 1,796 | 72,343 | ||||||
BlueLinx Holdings, Inc. (a)(b) | 1,276 | 2,488 | ||||||
CAI International, Inc. (a)(b) | 648 | 15,273 | ||||||
DXP Enterprises, Inc. (b) | 362 | 41,703 | ||||||
H&E Equipment Services, Inc. (a)(b) | 1,114 | 33,008 | ||||||
Houston Wire & Cable Co. (a) | 682 | 9,125 | ||||||
Kaman Corp. (a) | 1,024 | 40,684 | ||||||
Rush Enterprises, Inc. (Class A) (a)(b) | 1,312 | 38,901 | ||||||
Stock Building Supply Holdings, Inc. (a)(b) | 324 | 5,903 | ||||||
TAL International Group, Inc. (a)(b) | 1,276 | 73,179 | ||||||
Textainer Group Holdings, Ltd. (a) | 808 | 32,498 | ||||||
Titan Machinery, Inc. (a)(b) | 648 | 11,547 | ||||||
Watsco, Inc. | 973 | 93,466 | ||||||
624,214 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 0.1% | ||||||||
Wesco Aircraft Holdings, Inc. (b) | 1,559 | 34,173 | ||||||
WATER UTILITIES — 0.2% | ||||||||
American States Water Co. | 1,456 | 41,831 | ||||||
Artesian Resources Corp. (Class A) | 288 | 6,610 | ||||||
California Water Service Group | 1,798 | 41,480 | ||||||
Connecticut Water Service, Inc. (a) | 412 | 14,630 | ||||||
Consolidated Water Co., Ltd. (a) | 556 | 7,840 | ||||||
Middlesex Water Co. (a) | 594 | 12,438 | ||||||
Pure Cycle Corp. (a)(b) | 648 | 4,102 | ||||||
SJW Corp. (a) | 589 | 17,546 | ||||||
York Water Co. (a) | 486 | 10,172 | ||||||
156,649 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.2% | ||||||||
Boingo Wireless, Inc. (a)(b) | 700 | 4,487 | ||||||
Leap Wireless International, Inc. (a)(b) | 2,032 | 35,357 | ||||||
NII Holdings, Inc. (a)(b) | 6,489 | 17,845 | ||||||
NTELOS Holdings Corp. (a) | 576 | 11,652 | ||||||
RingCentral, Inc. (Class A) (a)(b) | 218 | 4,004 | ||||||
Shenandoah Telecommunications Co. (a) | 900 | 23,103 | ||||||
USA Mobility, Inc. (a) | 810 | 11,567 | ||||||
108,015 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $58,382,446) | 61,887,836 | |||||||
RIGHTS — 0.0% (c) | ||||||||
BIOTECHNOLOGY — 0.0% (c) | ||||||||
Cubist Pharmaceuticals, Inc. (expiring 12/31/16) (b) | 406 | 548 | ||||||
OIL, GAS & CONSUMABLE FUELS — 0.0% (c) | ||||||||
EXCO Resources, Inc. (expiring 1/9/14) (b) | 4,837 | 774 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $903) | 1,322 | |||||||
WARRANTS — 0.0% (c) | ||||||||
OIL, GAS & CONSUMABLE FUELS — 0.0% (c) | ||||||||
Magnum Hunter Resources (expiring 4/15/16) (b)(d) (Cost $0) | 71 | 0 | ||||||
SHORT TERM INVESTMENTS — 27.7% | ||||||||
MONEY MARKET FUNDS — 27.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 17,060,853 | 17,060,853 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (f)(g) | 140,016 | 140,016 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $17,200,869) | 17,200,869 | |||||||
TOTAL INVESTMENTS — 127.2% (h) | ||||||||
(Cost $75,584,218) | 79,090,027 | |||||||
OTHER ASSETS & LIABILITIES — (27.2)% | (16,912,050 | ) | ||||||
NET ASSETS — 100.0% | $ | 62,177,977 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(b) | Non-income producing security. | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(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. Security value is determined based on Level 2 inputs. (Note 2) | |||||
(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.
172
SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
AEROSPACE & DEFENSE — 3.7% | ||||||||
General Dynamics Corp. | 5,854 | $ | 559,350 | |||||
Honeywell International, Inc. | 19,627 | 1,793,319 | ||||||
Lockheed Martin Corp. | 6,202 | 921,989 | ||||||
Northrop Grumman Corp. | 3,596 | 412,137 | ||||||
Precision Castparts Corp. | 5,539 | 1,491,653 | ||||||
Raytheon Co. | 6,060 | 549,642 | ||||||
Rockwell Collins, Inc. (a) | 2,820 | 208,454 | ||||||
Textron, Inc. | 10,580 | 388,921 | ||||||
The Boeing Co. | 26,263 | 3,584,637 | ||||||
United Technologies Corp. | 17,872 | 2,033,834 | ||||||
11,943,936 | ||||||||
AIR FREIGHT & LOGISTICS — 1.2% | ||||||||
Expeditors International of Washington, Inc. | 3,678 | 162,752 | ||||||
FedEx Corp. | 5,442 | 782,396 | ||||||
United Parcel Service, Inc. (Class B) | 27,021 | 2,839,367 | ||||||
3,784,515 | ||||||||
AIRLINES — 0.4% | ||||||||
Delta Air Lines, Inc. | 32,354 | 888,764 | ||||||
Southwest Airlines Co. | 26,796 | 504,837 | ||||||
1,393,601 | ||||||||
AUTO COMPONENTS — 0.7% | ||||||||
BorgWarner, Inc. | 8,740 | 488,653 | ||||||
Delphi Automotive PLC | 4,696 | 282,371 | ||||||
Johnson Controls, Inc. | 25,884 | 1,327,849 | ||||||
The Goodyear Tire & Rubber Co. | 9,246 | 220,517 | ||||||
2,319,390 | ||||||||
AUTOMOBILES — 0.2% | ||||||||
Harley-Davidson, Inc. | 8,335 | 577,115 | ||||||
BEVERAGES — 2.6% | ||||||||
Brown-Forman Corp. (Class B) (a) | 3,552 | 268,425 | ||||||
Coca-Cola Enterprises, Inc. | 9,062 | 399,906 | ||||||
Constellation Brands, Inc. (Class A) (b) | 6,280 | 441,986 | ||||||
Dr. Pepper Snapple Group, Inc. | 3,573 | 174,077 | ||||||
Monster Beverage Corp. (b) | 5,191 | 351,794 | ||||||
PepsiCo, Inc. | 33,650 | 2,790,931 | ||||||
The Coca-Cola Co. | 94,853 | 3,918,377 | ||||||
8,345,496 | ||||||||
BIOTECHNOLOGY — 4.7% | ||||||||
Alexion Pharmaceuticals, Inc. (b) | 7,376 | 981,451 | ||||||
Amgen, Inc. | 28,531 | 3,257,099 | ||||||
Biogen Idec, Inc. (b) | 8,957 | 2,505,721 | ||||||
Celgene Corp. (b) | 15,563 | 2,629,524 | ||||||
Gilead Sciences, Inc. (b) | 58,065 | 4,363,585 | ||||||
Regeneron Pharmaceuticals, Inc. (b) | 3,006 | 827,371 | ||||||
Vertex Pharmaceuticals, Inc. (b) | 8,834 | 656,366 | ||||||
15,221,117 | ||||||||
BUILDING PRODUCTS — 0.1% | ||||||||
Allegion PLC (b) | 1,350 | 59,657 | ||||||
Masco Corp. | 8,590 | 195,594 | ||||||
255,251 | ||||||||
CAPITAL MARKETS — 2.0% | ||||||||
Ameriprise Financial, Inc. | 7,504 | 863,335 | ||||||
BlackRock, Inc. | 4,822 | 1,526,019 | ||||||
E*TRADE Financial Corp. (b) | 6,472 | 127,110 | ||||||
Franklin Resources, Inc. | 15,413 | 889,793 | ||||||
Invesco, Ltd. | 16,698 | 607,807 | ||||||
State Street Corp. (c) | 8,936 | 655,813 | ||||||
T. Rowe Price Group, Inc. | 9,847 | 824,883 | ||||||
The Charles Schwab Corp. | 43,858 | 1,140,308 | ||||||
6,635,068 | ||||||||
CHEMICALS — 3.0% | ||||||||
Air Products & Chemicals, Inc. | 4,520 | 505,246 | ||||||
Airgas, Inc. | 1,593 | 178,177 | ||||||
CF Industries Holdings, Inc. | 1,252 | 291,766 | ||||||
E. I. du Pont de Nemours & Co. | 20,000 | 1,299,400 | ||||||
Eastman Chemical Co. | 5,850 | 472,095 | ||||||
Ecolab, Inc. | 10,287 | 1,072,625 | ||||||
FMC Corp. | 5,193 | 391,864 | ||||||
International Flavors & Fragrances, Inc. | 1,802 | 154,936 | ||||||
LyondellBasell Industries NV | 16,536 | 1,327,510 | ||||||
Monsanto Co. | 19,943 | 2,324,357 | ||||||
Praxair, Inc. | 6,587 | 856,508 | ||||||
Sigma-Aldrich Corp. | 2,616 | 245,930 | ||||||
The Sherwin-Williams Co. | 3,265 | 599,127 | ||||||
9,719,541 | ||||||||
COMMERCIAL BANKS — 1.1% | ||||||||
Comerica, Inc. | 6,918 | 328,882 | ||||||
Fifth Third Bancorp | 33,382 | 702,024 | ||||||
Huntington Bancshares, Inc. | 31,391 | 302,923 | ||||||
KeyCorp | 33,876 | 454,616 | ||||||
Regions Financial Corp. | 25,706 | 254,232 | ||||||
U.S. Bancorp | 36,583 | 1,477,953 | ||||||
Zions Bancorporation (a) | 3,428 | 102,703 | ||||||
3,623,333 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.5% | ||||||||
Cintas Corp. (a) | 4,016 | 239,313 | ||||||
Iron Mountain, Inc. (a) | 3,127 | 94,904 | ||||||
Pitney Bowes, Inc. | 7,602 | 177,127 | ||||||
Stericycle, Inc. (b) | 3,244 | 376,856 | ||||||
Tyco International, Ltd. | 9,346 | 383,560 | ||||||
Waste Management, Inc. | 9,040 | 405,625 | ||||||
1,677,385 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.6% | ||||||||
F5 Networks, Inc. (b) | 1,874 | 170,272 | ||||||
Harris Corp. | 2,192 | 153,024 | ||||||
Motorola Solutions, Inc. | 3,492 | 235,710 | ||||||
QUALCOMM, Inc. | 63,970 | 4,749,772 | ||||||
5,308,778 | ||||||||
COMPUTERS & PERIPHERALS — 6.6% | ||||||||
Apple, Inc. | 34,065 | 19,114,212 | ||||||
NetApp, Inc. | 8,708 | 358,247 | ||||||
SanDisk Corp. | 8,526 | 601,424 | ||||||
Seagate Technology PLC | 12,282 | 689,757 | ||||||
Western Digital Corp. | 7,910 | 663,649 | ||||||
21,427,289 | ||||||||
CONSTRUCTION & ENGINEERING — 0.0% (d) | ||||||||
Quanta Services, Inc. (b) | 2,936 | 92,660 | ||||||
See accompanying notes to financial statements.
173
SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
CONSTRUCTION MATERIALS — 0.0% (d) | ||||||||
Vulcan Materials Co. (a) | 2,108 | $ | 125,257 | |||||
CONSUMER FINANCE — 1.4% | ||||||||
American Express Co. | 34,835 | 3,160,580 | ||||||
Discover Financial Services | 18,350 | 1,026,682 | ||||||
SLM Corp. | 16,522 | 434,198 | ||||||
4,621,460 | ||||||||
CONTAINERS & PACKAGING — 0.2% | ||||||||
Ball Corp. | 2,580 | 133,283 | ||||||
Owens-Illinois, Inc. (b) | 3,596 | 128,665 | ||||||
Sealed Air Corp. | 7,380 | 251,289 | ||||||
513,237 | ||||||||
DISTRIBUTORS — 0.1% | ||||||||
Genuine Parts Co. | 2,568 | 213,632 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.1% | ||||||||
Graham Holdings Co. (Class B) | 204 | 135,317 | ||||||
H&R Block, Inc. | 6,760 | 196,311 | ||||||
331,628 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 1.4% | ||||||||
Citigroup, Inc. | 52,794 | 2,751,096 | ||||||
IntercontinentalExchange Group, Inc. | 4,351 | 978,627 | ||||||
Leucadia National Corp. | 5,444 | 154,283 | ||||||
Moody’s Corp. | 7,322 | 574,557 | ||||||
4,458,563 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.9% | ||||||||
Verizon Communications, Inc. | 56,292 | 2,766,189 | ||||||
ELECTRICAL EQUIPMENT — 1.0% | ||||||||
AMETEK, Inc. | 9,244 | 486,881 | ||||||
Eaton Corp. PLC | 7,730 | 588,408 | ||||||
Emerson Electric Co. | 16,458 | 1,155,022 | ||||||
Rockwell Automation, Inc. | 5,235 | 618,568 | ||||||
Roper Industries, Inc. | 2,197 | 304,680 | ||||||
3,153,559 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.4% | ||||||||
Amphenol Corp. (Class A) | 6,121 | 545,871 | ||||||
FLIR Systems, Inc. | 3,494 | 105,169 | ||||||
TE Connectivity, Ltd. | 9,096 | 501,281 | ||||||
1,152,321 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.3% | ||||||||
FMC Technologies, Inc. (b) | 8,955 | 467,541 | ||||||
Halliburton Co. | 32,078 | 1,627,959 | ||||||
Helmerich & Payne, Inc. (a) | 4,006 | 336,824 | ||||||
National Oilwell Varco, Inc. | 7,910 | 629,082 | ||||||
Schlumberger, Ltd. | 49,862 | 4,493,065 | ||||||
7,554,471 | ||||||||
FOOD & STAPLES RETAILING — 0.5% | ||||||||
Safeway, Inc. | 9,346 | 304,399 | ||||||
Walgreen Co. | 15,508 | 890,779 | ||||||
Whole Foods Market, Inc. | 8,696 | 502,890 | ||||||
1,698,068 | ||||||||
FOOD PRODUCTS — 1.2% | ||||||||
Campbell Soup Co. (a) | 3,500 | 151,480 | ||||||
General Mills, Inc. | 13,157 | 656,666 | ||||||
Hormel Foods Corp. | 3,084 | 139,304 | ||||||
Kellogg Co. | 5,075 | 309,930 | ||||||
Kraft Foods Group, Inc. | 22,494 | 1,212,877 | ||||||
McCormick & Co., Inc. | 2,623 | 180,777 | ||||||
Mead Johnson Nutrition Co. | 7,653 | 641,015 | ||||||
The Hershey Co. | 5,661 | 550,419 | ||||||
The J.M. Smucker Co. | 1,821 | 188,692 | ||||||
4,031,160 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.2% | ||||||||
Baxter International, Inc. | 10,408 | 723,876 | ||||||
Becton, Dickinson and Co. | 7,316 | 808,345 | ||||||
Boston Scientific Corp. (b) | 50,463 | 606,565 | ||||||
C.R. Bard, Inc. | 2,904 | 388,962 | ||||||
CareFusion Corp. (b) | 3,288 | 130,928 | ||||||
Covidien PLC | 8,378 | 570,542 | ||||||
DENTSPLY International, Inc. | 3,314 | 160,663 | ||||||
Edwards Lifesciences Corp. (a)(b) | 2,261 | 148,683 | ||||||
Intuitive Surgical, Inc. (b) | 890 | 341,831 | ||||||
Medtronic, Inc. | 21,474 | 1,232,393 | ||||||
St. Jude Medical, Inc. | 10,992 | 680,954 | ||||||
Stryker Corp. | 11,175 | 839,690 | ||||||
Varian Medical Systems, Inc. (b) | 2,724 | 211,628 | ||||||
Zimmer Holdings, Inc. | 4,275 | 398,387 | ||||||
7,243,447 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 0.7% | ||||||||
AmerisourceBergen Corp. | 4,006 | 281,662 | ||||||
CIGNA Corp. | 10,476 | 916,440 | ||||||
DaVita HealthCare Partners, Inc. (b) | 4,144 | 262,605 | ||||||
Laboratory Corp. of America Holdings (b) | 1,746 | 159,532 | ||||||
McKesson Corp. | 3,800 | 613,320 | ||||||
Tenet Healthcare Corp. (b) | 1,438 | 60,569 | ||||||
2,294,128 | ||||||||
HEALTH CARE TECHNOLOGY — 0.2% | ||||||||
Cerner Corp. (b) | 11,143 | 621,111 | ||||||
HOTELS, RESTAURANTS & LEISURE — 2.3% | ||||||||
Chipotle Mexican Grill, Inc. (b) | 1,203 | 640,934 | ||||||
International Game Technology | 6,062 | 110,086 | ||||||
Marriott International, Inc. (Class A) | 4,951 | 244,382 | ||||||
McDonald’s Corp. | 21,438 | 2,080,129 | ||||||
Starbucks Corp. | 28,489 | 2,233,253 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 7,193 | 571,484 | ||||||
Wyndham Worldwide Corp. | 5,072 | 373,756 | ||||||
Wynn Resorts, Ltd. | 3,030 | 588,456 | ||||||
Yum! Brands, Inc. | 10,107 | 764,190 | ||||||
7,606,670 | ||||||||
HOUSEHOLD DURABLES — 0.3% | ||||||||
Garmin, Ltd. (a) | 1,952 | 90,222 | ||||||
Harman International Industries, Inc. | 2,568 | 210,191 | ||||||
Lennar Corp. (Class A) (a) | 2,840 | 112,350 | ||||||
Mohawk Industries, Inc. (b) | 2,260 | 336,514 | ||||||
Newell Rubbermaid, Inc. | 5,600 | 181,496 | ||||||
930,773 | ||||||||
HOUSEHOLD PRODUCTS — 2.1% | ||||||||
Colgate-Palmolive Co. | 20,590 | 1,342,674 |
See accompanying notes to financial statements.
174
SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Kimberly-Clark Corp. | 8,541 | $ | 892,193 | |||||
The Clorox Co. (a) | 2,802 | 259,913 | ||||||
The Procter & Gamble Co. | 52,520 | 4,275,653 | ||||||
6,770,433 | ||||||||
INDUSTRIAL CONGLOMERATES — 1.6% | ||||||||
3M Co. | 24,246 | 3,400,502 | ||||||
Danaher Corp. | 22,687 | 1,751,436 | ||||||
5,151,938 | ||||||||
INSURANCE — 1.2% | ||||||||
Aon PLC | 11,355 | 952,571 | ||||||
Lincoln National Corp. | 4,418 | 228,057 | ||||||
Marsh & McLennan Cos., Inc. | 13,688 | 661,952 | ||||||
Principal Financial Group, Inc. | 5,444 | 268,444 | ||||||
Prudential Financial, Inc. | 17,518 | 1,615,510 | ||||||
Torchmark Corp. | 3,390 | 264,928 | ||||||
3,991,462 | ||||||||
INTERNET & CATALOG RETAIL — 2.8% | ||||||||
Amazon.com, Inc. (b) | 13,993 | 5,580,268 | ||||||
Expedia, Inc. | 2,373 | 165,303 | ||||||
Netflix, Inc. (b) | 2,203 | 811,079 | ||||||
Priceline.com, Inc. (b) | 1,964 | 2,282,954 | ||||||
TripAdvisor, Inc. (b) | 4,205 | 348,300 | ||||||
9,187,904 | ||||||||
INTERNET SOFTWARE & SERVICES — 5.9% | ||||||||
Akamai Technologies, Inc. (b) | 6,772 | 319,503 | ||||||
eBay, Inc. (b) | 29,557 | 1,622,384 | ||||||
Facebook, Inc. (Class A) (b) | 62,542 | 3,418,546 | ||||||
Google, Inc. (Class A) (b) | 10,625 | 11,907,544 | ||||||
VeriSign, Inc. (a)(b) | 5,126 | 306,432 | ||||||
Yahoo!, Inc. (b) | 35,971 | 1,454,667 | ||||||
19,029,076 | ||||||||
IT SERVICES — 5.3% | ||||||||
Accenture PLC (Class A) | 13,472 | 1,107,668 | ||||||
Alliance Data Systems Corp. (a)(b) | 1,848 | 485,895 | ||||||
Automatic Data Processing, Inc. | 18,210 | 1,471,550 | ||||||
Cognizant Technology Solutions Corp. (Class A) (b) | 11,427 | 1,153,898 | ||||||
Fidelity National Information Services, Inc. | 11,014 | 591,231 | ||||||
Fiserv, Inc. (b) | 9,872 | 582,942 | ||||||
International Business Machines Corp. | 17,335 | 3,251,526 | ||||||
Mastercard, Inc. (Class A) | 3,926 | 3,280,016 | ||||||
Paychex, Inc. | 8,216 | 374,074 | ||||||
Teradata Corp. (b) | 3,093 | 140,701 | ||||||
The Western Union Co. (a) | 13,048 | 225,078 | ||||||
Total System Services, Inc. | 6,278 | 208,932 | ||||||
Visa, Inc. (Class A) (a) | 19,309 | 4,299,728 | ||||||
17,173,239 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Hasbro, Inc. (a) | 2,464 | 135,545 | ||||||
Mattel, Inc. | 7,539 | 358,705 | ||||||
494,250 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.8% | ||||||||
Agilent Technologies, Inc. | 8,525 | 487,545 | ||||||
Life Technologies Corp. (b) | 4,455 | 337,689 | ||||||
PerkinElmer, Inc. | 2,210 | 91,118 | ||||||
Thermo Fisher Scientific, Inc. (a) | 13,641 | 1,518,925 | ||||||
Waters Corp. (b) | 2,018 | 201,800 | ||||||
2,637,077 | ||||||||
MACHINERY — 1.4% | ||||||||
Cummins, Inc. | 4,376 | 616,885 | ||||||
Dover Corp. | 4,492 | 433,658 | ||||||
Flowserve Corp. | 5,270 | 415,434 | ||||||
Illinois Tool Works, Inc. | 8,448 | 710,308 | ||||||
Ingersoll-Rand PLC | 5,895 | 363,132 | ||||||
PACCAR, Inc. | 13,370 | 791,103 | ||||||
Pall Corp. | 2,796 | 238,639 | ||||||
Parker Hannifin Corp. | 3,288 | 422,968 | ||||||
Pentair, Ltd. | 4,584 | 356,039 | ||||||
Snap-On, Inc. | 1,241 | 135,914 | ||||||
Xylem, Inc. | 4,154 | 143,728 | ||||||
4,627,808 | ||||||||
MATERIALS — 0.3% | ||||||||
PPG Industries, Inc. | 5,429 | 1,029,664 | ||||||
MEDIA — 6.0% | ||||||||
CBS Corp. | 21,358 | 1,361,359 | ||||||
Comcast Corp. (Class A) | 98,953 | 5,142,093 | ||||||
DIRECTV (Class A) (b) | 18,487 | 1,277,267 | ||||||
Discovery Communications, Inc. (Series A) (a)(b) | 8,706 | 787,197 | ||||||
McGraw Hill Financial, Inc. | 6,023 | 470,999 | ||||||
News Corp. (Class A) (b) | 18,719 | 337,316 | ||||||
Omnicom Group, Inc. | 9,683 | 720,125 | ||||||
Scripps Networks Interactive, Inc. (Class A) | 4,164 | 359,811 | ||||||
The Interpublic Group of Cos., Inc. | 15,646 | 276,934 | ||||||
The Walt Disney Co. | 41,443 | 3,166,245 | ||||||
Time Warner Cable, Inc. | 10,662 | 1,444,701 | ||||||
Time Warner, Inc. | 18,832 | 1,312,967 | ||||||
Twenty-First Century Fox, Inc. | 40,855 | 1,437,279 | ||||||
Viacom, Inc. (Class B) | 15,378 | 1,343,114 | ||||||
19,437,407 | ||||||||
MULTI-UTILITIES — 0.2% | ||||||||
Dominion Resources, Inc. | 10,990 | 710,943 | ||||||
MULTILINE RETAIL — 0.3% | ||||||||
Dollar General Corp. (b) | 5,090 | 307,029 | ||||||
Dollar Tree, Inc. (b) | 7,845 | 442,615 | ||||||
Nordstrom, Inc. (a) | 2,896 | 178,973 | ||||||
928,617 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 3.2% | ||||||||
Anadarko Petroleum Corp. | 10,128 | 803,353 | ||||||
Cabot Oil & Gas Corp. | 15,940 | 617,834 | ||||||
Chesapeake Energy Corp. (a) | 9,348 | 253,705 | ||||||
EOG Resources, Inc. | 10,297 | 1,728,248 | ||||||
EQT Corp. | 5,669 | 508,963 | ||||||
Kinder Morgan, Inc. | 25,472 | 916,992 | ||||||
Marathon Petroleum Corp. | 5,034 | 461,769 | ||||||
Newfield Exploration Co. (b) | 2,982 | 73,447 | ||||||
Noble Energy, Inc. | 13,587 | 925,410 | ||||||
Occidental Petroleum Corp. | 14,070 | 1,338,057 | ||||||
Pioneer Natural Resources Co. | 5,384 | 991,033 |
See accompanying notes to financial statements.
175
SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Range Resources Corp. | 6,125 | $ | 516,399 | |||||
Southwestern Energy Co. (b) | 7,555 | 297,138 | ||||||
Spectra Energy Corp. | 11,914 | 424,377 | ||||||
The Williams Cos., Inc. | 11,601 | 447,450 | ||||||
10,304,175 | ||||||||
PERSONAL PRODUCTS — 0.3% | ||||||||
Avon Products, Inc. | 6,678 | 114,995 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 9,684 | 729,399 | ||||||
844,394 | ||||||||
PHARMACEUTICALS — 6.8% | ||||||||
AbbVie, Inc. | 60,225 | 3,180,482 | ||||||
Actavis PLC (b) | 6,585 | 1,106,280 | ||||||
Allergan, Inc. | 11,219 | 1,246,207 | ||||||
Bristol-Myers Squibb Co. | 40,484 | 2,151,725 | ||||||
Forest Laboratories, Inc. (b) | 4,624 | 277,579 | ||||||
Hospira, Inc. (b) | 2,876 | 118,721 | ||||||
Johnson & Johnson | 62,973 | 5,767,697 | ||||||
Merck & Co., Inc. | 52,014 | 2,603,301 | ||||||
Mylan, Inc. (b) | 14,451 | 627,173 | ||||||
Perrigo Co. PLC | 5,072 | 778,349 | ||||||
Pfizer, Inc. | 120,200 | 3,681,726 | ||||||
Zoetis, Inc. | 12,451 | 407,023 | ||||||
21,946,263 | ||||||||
PROFESSIONAL SERVICES — 0.3% | ||||||||
Dun & Bradstreet Corp. (a) | 1,471 | 180,565 | ||||||
Equifax, Inc. | 4,557 | 314,843 | ||||||
Nielsen Holdings NV | 5,255 | 241,152 | ||||||
Robert Half International, Inc. | 5,219 | 219,146 | ||||||
955,706 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 1.9% | ||||||||
American Tower Corp. | 14,963 | 1,194,347 | ||||||
Apartment Investment & Management Co. (Class A) | 2,971 | 76,979 | ||||||
AvalonBay Communities, Inc. | 1,907 | 225,465 | ||||||
Boston Properties, Inc. | 3,044 | 305,526 | ||||||
Equity Residential | 5,793 | 300,483 | ||||||
General Growth Properties, Inc. | 8,630 | 173,204 | ||||||
Health Care REIT, Inc. | 7,528 | 403,275 | ||||||
Host Hotels & Resorts, Inc. | 18,490 | 359,445 | ||||||
Kimco Realty Corp. | 6,947 | 137,203 | ||||||
Plum Creek Timber Co., Inc. (a) | 3,814 | 177,389 | ||||||
ProLogis | 11,094 | 409,923 | ||||||
Public Storage | 3,106 | 467,515 | ||||||
Simon Property Group, Inc. | 6,800 | 1,034,688 | ||||||
The Macerich Co. | 5,320 | 313,295 | ||||||
Ventas, Inc. | 5,454 | 312,405 | ||||||
Vornado Realty Trust | 3,478 | 308,812 | ||||||
6,199,954 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1% | ||||||||
CBRE Group, Inc. (b) | 7,118 | 187,203 | ||||||
ROAD & RAIL — 1.6% | ||||||||
CSX Corp. | 24,548 | 706,246 | ||||||
Kansas City Southern | 4,114 | 509,436 | ||||||
Norfolk Southern Corp. | 11,708 | 1,086,854 | ||||||
Union Pacific Corp. | 17,568 | 2,951,424 | ||||||
5,253,960 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.4% | ||||||||
Altera Corp. | 4,970 | 161,674 | ||||||
Analog Devices, Inc. | 5,515 | 280,879 | ||||||
Applied Materials, Inc. | 25,485 | 450,830 | ||||||
First Solar, Inc. (a)(b) | 2,670 | 145,889 | ||||||
KLA-Tencor Corp. | 6,287 | 405,260 | ||||||
Lam Research Corp. (b) | 3,094 | 168,468 | ||||||
Linear Technology Corp. (a) | 5,039 | 229,526 | ||||||
LSI Corp. | 13,892 | 153,090 | ||||||
Microchip Technology, Inc. (a) | 7,503 | 335,759 | ||||||
Micron Technology, Inc. (b) | 39,722 | 864,351 | ||||||
NVIDIA Corp. | 10,378 | 166,256 | ||||||
Texas Instruments, Inc. | 24,857 | 1,091,471 | ||||||
Xilinx, Inc. | 5,571 | 255,820 | ||||||
4,709,273 | ||||||||
SOFTWARE — 5.7% | ||||||||
Adobe Systems, Inc. (b) | 17,682 | 1,058,798 | ||||||
Autodesk, Inc. (b) | 8,500 | 427,805 | ||||||
CA, Inc. | 8,114 | 273,036 | ||||||
Citrix Systems, Inc. (b) | 4,312 | 272,734 | ||||||
Electronic Arts, Inc. (a)(b) | 11,608 | 266,288 | ||||||
Intuit, Inc. | 10,729 | 818,837 | ||||||
Microsoft Corp. | 287,645 | 10,766,553 | ||||||
Oracle Corp. | 71,693 | 2,742,974 | ||||||
Red Hat, Inc. (b) | 7,313 | 409,821 | ||||||
Salesforce.com, Inc. (a)(b) | 20,970 | 1,157,334 | ||||||
Symantec Corp. | 14,147 | 333,586 | ||||||
18,527,766 | ||||||||
SPECIALTY RETAIL — 3.1% | ||||||||
AutoZone, Inc. (b) | 1,273 | 608,418 | ||||||
Bed Bath & Beyond, Inc. (b) | 8,150 | 654,445 | ||||||
Best Buy Co., Inc. | 5,034 | 200,756 | ||||||
CarMax, Inc. (b) | 4,686 | 220,336 | ||||||
GameStop Corp. (Class A) (a) | 2,054 | 101,180 | ||||||
L Brands, Inc. | 5,902 | 365,039 | ||||||
Lowe’s Cos., Inc. | 23,757 | 1,177,159 | ||||||
O’Reilly Automotive, Inc. (b) | 4,102 | 527,968 | ||||||
PetSmart, Inc. (a) | 1,964 | 142,881 | ||||||
Ross Stores, Inc. | 8,192 | 613,827 | ||||||
The Gap, Inc. | 6,542 | 255,661 | ||||||
The Home Depot, Inc. | 34,630 | 2,851,434 | ||||||
Tiffany & Co. | 4,189 | 388,655 | ||||||
TJX Cos., Inc. | 27,101 | 1,727,147 | ||||||
Urban Outfitters, Inc. (b) | 2,432 | 90,227 | ||||||
9,925,133 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.4% | ||||||||
Coach, Inc. | 6,358 | 356,875 | ||||||
Fossil Group, Inc. (b) | 1,956 | 234,603 | ||||||
Michael Kors Holdings, Ltd. (b) | 6,818 | 553,553 | ||||||
NIKE, Inc. (Class B) | 28,300 | 2,225,512 | ||||||
PVH Corp. | 1,976 | 268,775 | ||||||
Ralph Lauren Corp. | 1,332 | 235,191 |
See accompanying notes to financial statements.
176
SPDR S&P 500 Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
V.F. Corp. | 13,312 | $ | 829,870 | |||||
4,704,379 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.0% (d) | ||||||||
People’s United Financial, Inc. (a) | 5,958 | 90,085 | ||||||
TOBACCO — 1.7% | ||||||||
Altria Group, Inc. | 40,142 | 1,541,051 | ||||||
Lorillard, Inc. | 14,150 | 717,122 | ||||||
Philip Morris International, Inc. | 33,910 | 2,954,578 | ||||||
Reynolds American, Inc. | 5,859 | 292,892 | ||||||
5,505,643 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.3% | ||||||||
Fastenal Co. (a) | 10,293 | 489,020 | ||||||
W.W. Grainger, Inc. | 2,330 | 595,129 | ||||||
1,084,149 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.3% | ||||||||
Crown Castle International Corp. (b) | 12,587 | 924,264 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $225,896,997) | 323,972,314 | |||||||
SHORT TERM INVESTMENTS — 1.8% | ||||||||
MONEY MARKET FUNDS — 1.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 5,647,067 | 5,647,067 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (f)(g) | 420,331 | 420,331 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $6,067,398) | 6,067,398 | |||||||
TOTAL INVESTMENTS — 101.6% (h) | ||||||||
(Cost $231,964,395) | 330,039,712 | |||||||
OTHER ASSETS & LIABILITIES — (1.6)% | (5,325,117 | ) | ||||||
NET ASSETS — 100.0% | $ | 324,714,595 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
177
SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AEROSPACE & DEFENSE — 1.8% | ||||||||
General Dynamics Corp. | 4,010 | $ | 383,156 | |||||
Honeywell International, Inc. | 5,931 | 541,915 | ||||||
L-3 Communications Holdings, Inc. | 2,039 | 217,888 | ||||||
Lockheed Martin Corp. | 2,364 | 351,432 | ||||||
Northrop Grumman Corp. | 2,833 | 324,690 | ||||||
Raytheon Co. | 3,507 | 318,085 | ||||||
Rockwell Collins, Inc. (a) | 1,377 | 101,788 | ||||||
United Technologies Corp. | 8,163 | 928,949 | ||||||
3,167,903 | ||||||||
AIR FREIGHT & LOGISTICS — 0.5% | ||||||||
C.H. Robinson Worldwide, Inc. (a) | 3,360 | 196,023 | ||||||
Expeditors International of Washington, Inc. (a) | 2,428 | 107,439 | ||||||
FedEx Corp. | 3,416 | 491,118 | ||||||
794,580 | ||||||||
AUTO COMPONENTS — 0.1% | ||||||||
Delphi Automotive PLC | 3,380 | 203,239 | ||||||
AUTOMOBILES — 1.3% | ||||||||
Ford Motor Co. | 87,070 | 1,343,490 | ||||||
General Motors Co. (b) | 25,118 | 1,026,573 | ||||||
2,370,063 | ||||||||
BEVERAGES — 1.7% | ||||||||
Beam, Inc. | 3,546 | 241,341 | ||||||
Brown-Forman Corp. (Class B) | 1,478 | 111,692 | ||||||
Dr. Pepper Snapple Group, Inc. | 2,322 | 113,128 | ||||||
Molson Coors Brewing Co. (Class B) | 3,422 | 192,145 | ||||||
PepsiCo, Inc. | 14,252 | 1,182,061 | ||||||
The Coca-Cola Co. | 28,506 | 1,177,583 | ||||||
3,017,950 | ||||||||
BUILDING PRODUCTS — 0.1% | ||||||||
Allegion PLC (b) | 873 | 38,578 | ||||||
Masco Corp. | 2,850 | 64,894 | ||||||
103,472 | ||||||||
CAPITAL MARKETS — 2.4% | ||||||||
E*TRADE Financial Corp. (b) | 2,563 | 50,337 | ||||||
Legg Mason, Inc. (a) | 2,446 | 106,352 | ||||||
Morgan Stanley | 30,566 | 958,550 | ||||||
Northern Trust Corp. | 5,069 | 313,720 | ||||||
State Street Corp. (c) | 4,480 | 328,787 | ||||||
The Bank of New York Mellon Corp. | 25,389 | 887,092 | ||||||
The Goldman Sachs Group, Inc. | 9,344 | 1,656,318 | ||||||
4,301,156 | ||||||||
CHEMICALS — 1.7% | ||||||||
Air Products & Chemicals, Inc. | 1,983 | 221,660 | ||||||
Airgas, Inc. | 571 | 63,866 | ||||||
CF Industries Holdings, Inc. | 528 | 123,045 | ||||||
E. I. du Pont de Nemours & Co. | 8,774 | 570,047 | ||||||
International Flavors & Fragrances, Inc. | 718 | 61,734 | ||||||
Praxair, Inc. | 2,640 | 343,279 | ||||||
Sigma-Aldrich Corp. | 1,082 | 101,719 | ||||||
The Dow Chemical Co. | 26,944 | 1,196,314 | ||||||
The Mosaic Co. | 7,498 | 354,430 | ||||||
3,036,094 | ||||||||
COMMERCIAL BANKS — 4.6% | ||||||||
BB&T Corp. | 15,832 | 590,850 | ||||||
M&T Bank Corp. (a) | 2,883 | 335,639 | ||||||
PNC Financial Services Group, Inc. | 11,703 | 907,919 | ||||||
Regions Financial Corp. | 15,975 | 157,993 | ||||||
SunTrust Banks, Inc. | 11,879 | 437,266 | ||||||
U.S. Bancorp | 18,902 | 763,641 | ||||||
Wells Fargo & Co. | 105,783 | 4,802,548 | ||||||
Zions Bancorporation (a) | 2,008 | 60,159 | ||||||
8,056,015 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.5% | ||||||||
Avery Dennison Corp. | 2,283 | 114,584 | ||||||
Iron Mountain, Inc. (a) | 1,754 | 53,234 | ||||||
Republic Services, Inc. | 6,074 | 201,657 | ||||||
The ADT Corp. (a) | 4,444 | 179,848 | ||||||
Tyco International, Ltd. | 4,846 | 198,880 | ||||||
Waste Management, Inc. | 4,309 | 193,345 | ||||||
941,548 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.8% | ||||||||
Cisco Systems, Inc. | 118,008 | 2,649,279 | ||||||
F5 Networks, Inc. (b) | 630 | 57,242 | ||||||
Harris Corp. | 1,147 | 80,072 | ||||||
Juniper Networks, Inc. (b) | 11,359 | 256,373 | ||||||
Motorola Solutions, Inc. | 3,096 | 208,980 | ||||||
3,251,946 | ||||||||
COMPUTERS & PERIPHERALS — 1.4% | ||||||||
EMC Corp. | 45,400 | 1,141,810 | ||||||
Hewlett-Packard Co. | 42,798 | 1,197,488 | ||||||
NetApp, Inc. | 2,436 | 100,217 | ||||||
2,439,515 | ||||||||
CONSTRUCTION & ENGINEERING — 0.3% | ||||||||
Fluor Corp. | 3,622 | 290,810 | ||||||
Jacobs Engineering Group, Inc. (b) | 3,006 | 189,348 | ||||||
Quanta Services, Inc. (b) | 2,958 | 93,355 | ||||||
573,513 | ||||||||
CONSTRUCTION MATERIALS — 0.1% | ||||||||
Vulcan Materials Co. | 1,655 | 98,340 | ||||||
CONSUMER FINANCE — 0.6% | ||||||||
Capital One Financial Corp. | 12,689 | 972,104 | ||||||
CONTAINERS & PACKAGING — 0.2% | ||||||||
Ball Corp. | 1,688 | 87,202 | ||||||
Bemis Co., Inc. (a) | 2,230 | 91,341 | ||||||
MeadWestvaco Corp. (a) | 3,850 | 142,181 | ||||||
Owens-Illinois, Inc. (b) | 1,481 | 52,990 | ||||||
373,714 | ||||||||
DISTRIBUTORS — 0.1% | ||||||||
Genuine Parts Co. (a) | 1,939 | 161,305 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.0% (d) | ||||||||
H&R Block, Inc. | 2,033 | 59,038 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 9.0% | ||||||||
Bank of America Corp. | 235,444 | 3,665,863 | ||||||
Berkshire Hathaway, Inc. (Class B) (b) | 39,695 | 4,706,239 | ||||||
Citigroup, Inc. | 36,150 | 1,883,777 | ||||||
CME Group, Inc. | 7,051 | 553,221 |
See accompanying notes to financial statements.
178
SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
JPMorgan Chase & Co. | 83,006 | $ | 4,854,191 | |||||
Leucadia National Corp. | 3,759 | 106,530 | ||||||
The NASDAQ OMX Group, Inc. | 2,771 | 110,286 | ||||||
15,880,107 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.5% | ||||||||
AT&T, Inc. | 116,243 | 4,087,104 | ||||||
CenturyLink, Inc. (a) | 13,095 | 417,076 | ||||||
Frontier Communications Corp. (a) | 22,698 | 105,546 | ||||||
Verizon Communications, Inc. | 30,330 | 1,490,416 | ||||||
Windstream Holdings, Inc. (a) | 13,300 | 106,134 | ||||||
6,206,276 | ||||||||
ELECTRIC UTILITIES — 3.3% | ||||||||
American Electric Power Co., Inc. | 10,721 | 501,100 | ||||||
Duke Energy Corp. | 15,535 | 1,072,070 | ||||||
Edison International | 7,323 | 339,055 | ||||||
Entergy Corp. | 3,978 | 251,688 | ||||||
Exelon Corp. | 19,008 | 520,629 | ||||||
FirstEnergy Corp. | 9,386 | 309,550 | ||||||
NextEra Energy, Inc. | 9,429 | 807,311 | ||||||
Northeast Utilities | 6,947 | 294,483 | ||||||
Pepco Holdings, Inc. (a) | 5,733 | 109,672 | ||||||
Pinnacle West Capital Corp. | 2,449 | 129,601 | ||||||
PPL Corp. | 14,106 | 424,450 | ||||||
Southern Co. | 19,617 | 806,455 | ||||||
Xcel Energy, Inc. | 11,007 | 307,536 | ||||||
5,873,600 | ||||||||
ELECTRICAL EQUIPMENT — 0.6% | ||||||||
Eaton Corp. PLC | 5,994 | 456,263 | ||||||
Emerson Electric Co. | 5,895 | 413,711 | ||||||
Roper Industries, Inc. | 948 | 131,469 | ||||||
1,001,443 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.5% | ||||||||
Corning, Inc. | 32,535 | 579,774 | ||||||
FLIR Systems, Inc. | 1,094 | 32,929 | ||||||
Jabil Circuit, Inc. | 4,310 | 75,166 | ||||||
TE Connectivity, Ltd. | 3,753 | 206,828 | ||||||
894,697 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.4% | ||||||||
Baker Hughes, Inc. | 9,900 | 547,074 | ||||||
Cameron International Corp. (b) | 5,286 | 314,676 | ||||||
Diamond Offshore Drilling, Inc. (a) | 1,546 | 87,998 | ||||||
Ensco PLC (Class A) | 5,104 | 291,847 | ||||||
Nabors Industries, Ltd. | 5,800 | 98,542 | ||||||
National Oilwell Varco, Inc. | 4,790 | 380,949 | ||||||
Noble Corp. PLC | 5,748 | 215,377 | ||||||
Rowan Cos. PLC (b) | 2,641 | 93,386 | ||||||
Transocean, Ltd. (a) | 7,496 | 370,452 | ||||||
2,400,301 | ||||||||
FOOD & STAPLES RETAILING — 4.3% | ||||||||
Costco Wholesale Corp. | 9,688 | 1,152,969 | ||||||
CVS Caremark Corp. | 26,256 | 1,879,142 | ||||||
Sysco Corp. (a) | 12,962 | 467,928 | ||||||
The Kroger Co. | 11,595 | 458,350 | ||||||
Wal-Mart Stores, Inc. | 35,721 | 2,810,886 | ||||||
Walgreen Co. | 10,147 | 582,844 | ||||||
Whole Foods Market, Inc. | 3,164 | 182,974 | ||||||
7,535,093 | ||||||||
FOOD PRODUCTS — 1.9% | ||||||||
Archer-Daniels-Midland Co. | 14,482 | 628,519 | ||||||
Campbell Soup Co. (a) | 1,880 | 81,367 | ||||||
ConAgra Foods, Inc. | 9,319 | 314,050 | ||||||
General Mills, Inc. | 6,339 | 316,380 | ||||||
Hormel Foods Corp. | 1,157 | 52,262 | ||||||
Kellogg Co. | 2,619 | 159,942 | ||||||
McCormick & Co., Inc. (a) | 1,374 | 94,696 | ||||||
Mondelez International, Inc. (Class A) | 38,671 | 1,365,086 | ||||||
The J.M. Smucker Co. | 1,199 | 124,240 | ||||||
Tyson Foods, Inc. (Class A) (a) | 6,253 | 209,225 | ||||||
3,345,767 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
AGL Resources, Inc. | 2,562 | 121,003 | ||||||
ONEOK, Inc. | 4,544 | 282,546 | ||||||
403,549 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.8% | ||||||||
Abbott Laboratories | 34,157 | 1,309,238 | ||||||
Baxter International, Inc. | 5,910 | 411,041 | ||||||
CareFusion Corp. (b) | 2,754 | 109,664 | ||||||
Covidien PLC | 5,331 | 363,041 | ||||||
DENTSPLY International, Inc. | 1,232 | 59,727 | ||||||
Edwards Lifesciences Corp. (a)(b) | 1,158 | 76,150 | ||||||
Intuitive Surgical, Inc. (a)(b) | 316 | 121,369 | ||||||
Medtronic, Inc. | 9,472 | 543,598 | ||||||
Varian Medical Systems, Inc. (b) | 834 | 64,794 | ||||||
Zimmer Holdings, Inc. | 1,283 | 119,563 | ||||||
3,178,185 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.5% | ||||||||
Aetna, Inc. | 8,101 | 555,648 | ||||||
AmerisourceBergen Corp. | 2,730 | 191,946 | ||||||
Cardinal Health, Inc. | 7,483 | 499,939 | ||||||
DaVita HealthCare Partners, Inc. (b) | 1,478 | 93,661 | ||||||
Express Scripts Holding Co. (b) | 17,821 | 1,251,747 | ||||||
Humana, Inc. (a) | 3,454 | 356,522 | ||||||
Laboratory Corp. of America Holdings (a)(b) | 968 | 88,446 | ||||||
McKesson Corp. | 2,812 | 453,857 | ||||||
Patterson Cos., Inc. | 1,800 | 74,160 | ||||||
Quest Diagnostics, Inc. (a) | 3,242 | 173,577 | ||||||
Tenet Healthcare Corp. (b) | 1,316 | 55,430 | ||||||
UnitedHealth Group, Inc. | 22,268 | 1,676,780 | ||||||
WellPoint, Inc. | 6,541 | 604,323 | ||||||
6,076,036 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.1% | ||||||||
Carnival Corp. | 9,824 | 394,630 | ||||||
Darden Restaurants, Inc. (a) | 2,823 | 153,487 | ||||||
International Game Technology | 1,959 | 35,575 | ||||||
Marriott International, Inc. (Class A) (a) | 2,293 | 113,182 | ||||||
McDonald’s Corp. | 9,420 | 914,023 | ||||||
Yum! Brands, Inc. | 3,972 | 300,323 | ||||||
1,911,220 | ||||||||
See accompanying notes to financial statements.
179
SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
HOUSEHOLD DURABLES — 0.5% | ||||||||
D.R. Horton, Inc. (a) | 6,232 | $ | 139,098 | |||||
Garmin, Ltd. (a) | 1,540 | 71,179 | ||||||
Leggett & Platt, Inc. (a) | 3,164 | 97,894 | ||||||
Lennar Corp. (Class A) | 2,006 | 79,357 | ||||||
Newell Rubbermaid, Inc. | 3,060 | 99,175 | ||||||
Pulte Group, Inc. (a) | 7,602 | 154,853 | ||||||
Whirlpool Corp. | 1,776 | 278,583 | ||||||
920,139 | ||||||||
HOUSEHOLD PRODUCTS — 1.9% | ||||||||
Colgate-Palmolive Co. | 7,378 | 481,119 | ||||||
Kimberly-Clark Corp. | 3,464 | 361,849 | ||||||
The Clorox Co. (a) | 1,293 | 119,939 | ||||||
The Procter & Gamble Co. | 29,429 | 2,395,815 | ||||||
3,358,722 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2% | ||||||||
NRG Energy, Inc. | 7,272 | 208,852 | ||||||
The AES Corp. | 14,088 | 204,417 | ||||||
413,269 | ||||||||
INDUSTRIAL CONGLOMERATES — 3.6% | ||||||||
General Electric Co. | 223,311 | 6,259,407 | ||||||
INSURANCE — 4.9% | ||||||||
ACE, Ltd. | 7,515 | 778,028 | ||||||
Aflac, Inc. | 10,336 | 690,445 | ||||||
American International Group, Inc. | 32,460 | 1,657,083 | ||||||
Assurant, Inc. | 1,624 | 107,785 | ||||||
Cincinnati Financial Corp. (a) | 3,341 | 174,968 | ||||||
Genworth Financial, Inc. (Class A) (b) | 10,914 | 169,494 | ||||||
Hartford Financial Services Group, Inc. | 10,066 | 364,691 | ||||||
Lincoln National Corp. | 3,154 | 162,809 | ||||||
Loews Corp. | 6,815 | 328,756 | ||||||
Marsh & McLennan Cos., Inc. | 4,102 | 198,373 | ||||||
MetLife, Inc. | 24,769 | 1,335,544 | ||||||
Principal Financial Group, Inc. | 2,885 | 142,259 | ||||||
The Allstate Corp. | 10,005 | 545,673 | ||||||
The Chubb Corp. | 5,582 | 539,389 | ||||||
The Progressive Corp. | 12,237 | 333,703 | ||||||
The Travelers Cos., Inc. | 8,069 | 730,567 | ||||||
Unum Group | 5,987 | 210,024 | ||||||
XL Group PLC | 6,607 | 210,367 | ||||||
8,679,958 | ||||||||
INTERNET & CATALOG RETAIL — 0.0% (d) | ||||||||
Expedia, Inc. (a) | 723 | 50,364 | ||||||
INTERNET SOFTWARE & SERVICES — 0.3% | ||||||||
eBay, Inc. (b) | 8,448 | 463,711 | ||||||
IT SERVICES — 1.9% | ||||||||
Accenture PLC (Class A) | 6,181 | 508,202 | ||||||
Computer Sciences Corp. | 3,252 | 181,722 | ||||||
International Business Machines Corp. | 12,429 | 2,331,307 | ||||||
Paychex, Inc. | 2,361 | 107,496 | ||||||
Teradata Corp. (b) | 1,794 | 81,609 | ||||||
The Western Union Co. (a) | 4,472 | 77,142 | ||||||
3,287,478 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.1% | ||||||||
Hasbro, Inc. (a) | 1,074 | 59,081 | ||||||
Mattel, Inc. | 3,062 | 145,690 | ||||||
204,771 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.2% | ||||||||
Agilent Technologies, Inc. | 2,324 | 132,909 | ||||||
Life Technologies Corp. (b) | 1,162 | 88,080 | ||||||
PerkinElmer, Inc. | 1,162 | 47,909 | ||||||
Waters Corp. (b) | 720 | 72,000 | ||||||
340,898 | ||||||||
MACHINERY — 2.1% | ||||||||
Caterpillar, Inc. (a) | 14,004 | 1,271,703 | ||||||
Cummins, Inc. | 1,270 | 179,032 | ||||||
Deere & Co. (a) | 8,437 | 770,551 | ||||||
Dover Corp. | 1,148 | 110,828 | ||||||
Illinois Tool Works, Inc. | 4,014 | 337,497 | ||||||
Ingersoll-Rand PLC | 2,571 | 158,374 | ||||||
Joy Global, Inc. (a) | 2,366 | 138,387 | ||||||
Pall Corp. | 868 | 74,084 | ||||||
Parker Hannifin Corp. | 1,388 | 178,552 | ||||||
Pentair, Ltd. | 1,706 | 132,505 | ||||||
Snap-On, Inc. | 530 | 58,046 | ||||||
Stanley Black & Decker, Inc. | 3,383 | 272,974 | ||||||
Xylem, Inc. | 1,650 | 57,090 | ||||||
3,739,623 | ||||||||
MEDIA — 1.5% | ||||||||
Cablevision Systems Corp. (Class A) (a) | 5,068 | 90,869 | ||||||
Gannett Co., Inc. | 4,998 | 147,841 | ||||||
McGraw Hill Financial, Inc. | 2,470 | 193,154 | ||||||
The Walt Disney Co. | 11,938 | 912,063 | ||||||
Time Warner, Inc. | 8,974 | 625,667 | ||||||
Twenty-First Century Fox, Inc. | 19,530 | 687,066 | ||||||
2,656,660 | ||||||||
METALS & MINING — 1.1% | ||||||||
Alcoa, Inc. (a) | 23,505 | 249,858 | ||||||
Allegheny Technologies, Inc. (a) | 2,406 | 85,726 | ||||||
Cliffs Natural Resources, Inc. (a) | 3,432 | 89,953 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 23,040 | 869,530 | ||||||
Newmont Mining Corp. | 10,939 | 251,925 | ||||||
Nucor Corp. (a) | 7,038 | 375,688 | ||||||
United States Steel Corp. (a) | 3,298 | 97,291 | ||||||
2,019,971 | ||||||||
MULTI-UTILITIES — 2.0% | ||||||||
Ameren Corp. | 5,549 | 200,652 | ||||||
CenterPoint Energy, Inc. | 9,747 | 225,935 | ||||||
CMS Energy Corp. | 6,037 | 161,611 | ||||||
Consolidated Edison, Inc. (a) | 6,497 | 359,154 | ||||||
Dominion Resources, Inc. | 6,408 | 414,534 | ||||||
DTE Energy Co. | 3,859 | 256,199 | ||||||
Integrys Energy Group, Inc. (a) | 1,803 | 98,101 | ||||||
NiSource, Inc. | 6,980 | 229,502 | ||||||
PG&E Corp. | 10,069 | 405,579 | ||||||
Public Service Enterprise Group, Inc. | 11,160 | 357,566 | ||||||
SCANA Corp. (a) | 3,198 | 150,082 |
See accompanying notes to financial statements.
180
SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Sempra Energy | 5,051 | $ | 453,378 | |||||
TECO Energy, Inc. (a) | 4,665 | 80,425 | ||||||
Wisconsin Energy Corp. (a) | 5,170 | 213,728 | ||||||
3,606,446 | ||||||||
MULTILINE RETAIL — 1.1% | ||||||||
Dollar General Corp. (b) | 3,496 | 210,879 | ||||||
Family Dollar Stores, Inc. | 2,112 | 137,217 | ||||||
Kohl’s Corp. (a) | 4,463 | 253,275 | ||||||
Macy’s, Inc. | 8,184 | 437,026 | ||||||
Nordstrom, Inc. (a) | 1,478 | 91,340 | ||||||
Target Corp. | 13,960 | 883,249 | ||||||
2,012,986 | ||||||||
OFFICE ELECTRONICS — 0.2% | ||||||||
Xerox Corp. | 25,860 | 314,716 | ||||||
OIL, GAS & CONSUMABLE FUELS — 14.0% | ||||||||
Anadarko Petroleum Corp. | 5,243 | 415,875 | ||||||
Apache Corp. | 8,827 | 758,592 | ||||||
Chesapeake Energy Corp. (a) | 5,721 | 155,268 | ||||||
Chevron Corp. | 42,496 | 5,308,175 | ||||||
ConocoPhillips | 26,999 | 1,907,479 | ||||||
CONSOL Energy, Inc. | 4,957 | 188,564 | ||||||
Denbury Resources, Inc. (b) | 8,128 | 133,543 | ||||||
Devon Energy Corp. | 8,523 | 527,318 | ||||||
Exxon Mobil Corp. | 96,399 | 9,755,579 | ||||||
Hess Corp. | 6,265 | 519,995 | ||||||
Marathon Oil Corp. | 15,380 | 542,914 | ||||||
Marathon Petroleum Corp. | 3,757 | 344,630 | ||||||
Murphy Oil Corp. (a) | 4,031 | 261,531 | ||||||
Newfield Exploration Co. (b) | 1,183 | 29,137 | ||||||
Occidental Petroleum Corp. | 9,631 | 915,908 | ||||||
Peabody Energy Corp. | 5,840 | 114,055 | ||||||
Phillips 66 | 13,194 | 1,017,653 | ||||||
QEP Resources, Inc. | 3,876 | 118,800 | ||||||
Southwestern Energy Co. (b) | 3,373 | 132,660 | ||||||
Spectra Energy Corp. | 7,793 | 277,587 | ||||||
Tesoro Corp. | 2,954 | 172,809 | ||||||
The Williams Cos., Inc. | 8,321 | 320,941 | ||||||
Valero Energy Corp. | 11,901 | 599,811 | ||||||
WPX Energy, Inc. (a)(b) | 4,294 | 87,512 | ||||||
24,606,336 | ||||||||
PAPER & FOREST PRODUCTS — 0.5% | ||||||||
International Paper Co. | 9,827 | 481,818 | ||||||
Weyerhaeuser Co. | 12,839 | 405,327 | ||||||
887,145 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Avon Products, Inc. | 5,658 | 97,431 | ||||||
PHARMACEUTICALS — 4.8% | ||||||||
Bristol-Myers Squibb Co. | 12,690 | 674,473 | ||||||
Eli Lilly & Co. | 21,856 | 1,114,656 | ||||||
Forest Laboratories, Inc. (b) | 2,475 | 148,574 | ||||||
Hospira, Inc. (b) | 1,995 | 82,354 | ||||||
Johnson & Johnson | 25,511 | 2,336,552 | ||||||
Merck & Co., Inc. | 34,206 | 1,712,010 | ||||||
Pfizer, Inc. | 72,925 | 2,233,693 | ||||||
Zoetis, Inc. | 3,798 | 124,157 | ||||||
8,426,469 | ||||||||
PROFESSIONAL SERVICES — 0.1% | ||||||||
Nielsen Holdings NV | 2,562 | 117,570 | ||||||
REAL ESTATE INVESTMENT TRUSTS — 1.5% | ||||||||
Apartment Investment & Management Co. (Class A) | 1,427 | 36,974 | ||||||
AvalonBay Communities, Inc. | 1,566 | 185,148 | ||||||
Boston Properties, Inc. | 1,738 | 174,443 | ||||||
Equity Residential | 3,952 | 204,990 | ||||||
General Growth Properties, Inc. | 6,758 | 135,633 | ||||||
HCP, Inc. | 10,109 | 367,159 | ||||||
Health Care REIT, Inc. | 2,004 | 107,354 | ||||||
Host Hotels & Resorts, Inc. | 5,832 | 113,374 | ||||||
Kimco Realty Corp. | 4,982 | 98,395 | ||||||
Plum Creek Timber Co., Inc. (a) | 1,697 | 78,927 | ||||||
ProLogis | 4,515 | 166,829 | ||||||
Public Storage | 1,324 | 199,289 | ||||||
Simon Property Group, Inc. | 2,924 | 444,916 | ||||||
Ventas, Inc. | 3,298 | 188,909 | ||||||
Vornado Realty Trust | 1,873 | 166,304 | ||||||
2,668,644 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (d) | ||||||||
CBRE Group, Inc. (b) | 1,960 | 51,548 | ||||||
ROAD & RAIL — 0.2% | ||||||||
CSX Corp. | 8,014 | 230,563 | ||||||
Ryder Systems, Inc. | 1,209 | 89,200 | ||||||
319,763 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.6% | ||||||||
Altera Corp. | 4,160 | 135,325 | ||||||
Analog Devices, Inc. | 3,603 | 183,501 | ||||||
Applied Materials, Inc. | 11,718 | 207,291 | ||||||
Broadcom Corp. (Class A) | 11,930 | 353,725 | ||||||
Intel Corp. | 109,700 | 2,847,812 | ||||||
Lam Research Corp. (b) | 1,550 | 84,398 | ||||||
Linear Technology Corp. (a) | 2,267 | 103,262 | ||||||
LSI Corp. | 3,804 | 41,920 | ||||||
NVIDIA Corp. | 6,653 | 106,581 | ||||||
Texas Instruments, Inc. | 9,553 | 419,472 | ||||||
Xilinx, Inc. | 2,670 | 122,606 | ||||||
4,605,893 | ||||||||
SOFTWARE — 1.0% | ||||||||
CA, Inc. | 2,396 | 80,625 | ||||||
Citrix Systems, Inc. (b) | 1,566 | 99,050 | ||||||
Oracle Corp. | 35,684 | 1,365,270 | ||||||
Symantec Corp. | 7,116 | 167,795 | ||||||
1,712,740 | ||||||||
SPECIALTY RETAIL — 1.3% | ||||||||
AutoNation, Inc. (b) | 1,400 | 69,566 | ||||||
Best Buy Co., Inc. | 3,102 | 123,708 | ||||||
CarMax, Inc. (b) | 1,926 | 90,561 | ||||||
GameStop Corp. (Class A) (a) | 1,372 | 67,585 | ||||||
L Brands, Inc. | 1,902 | 117,639 | ||||||
Lowe’s Cos., Inc. | 9,188 | 455,265 | ||||||
PetSmart, Inc. | 1,160 | 84,390 | ||||||
Staples, Inc. (a) | 14,737 | 234,171 | ||||||
The Gap, Inc. | 2,006 | 78,394 |
See accompanying notes to financial statements.
181
SPDR S&P 500 Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
The Home Depot, Inc. | 10,874 | $ | 895,365 | |||||
Urban Outfitters, Inc. (b) | 950 | 35,245 | ||||||
2,251,889 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.2% | ||||||||
Coach, Inc. | 2,430 | 136,396 | ||||||
PVH Corp. | 636 | 86,509 | ||||||
Ralph Lauren Corp. | 528 | 93,229 | ||||||
316,134 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Hudson City Bancorp, Inc. (a) | 10,959 | 103,343 | ||||||
People’s United Financial, Inc. | 3,497 | 52,875 | ||||||
156,218 | ||||||||
TOBACCO — 1.3% | ||||||||
Altria Group, Inc. | 20,795 | 798,320 | ||||||
Philip Morris International, Inc. | 15,522 | 1,352,432 | ||||||
Reynolds American, Inc. | 3,412 | 170,567 | ||||||
2,321,319 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $153,362,785) | 175,495,987 | |||||||
SHORT TERM INVESTMENTS — 3.2% | ||||||||
MONEY MARKET FUNDS — 3.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 5,092,343 | 5,092,343 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (f)(g) | 436,295 | 436,295 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $5,528,638) | 5,528,638 | |||||||
TOTAL INVESTMENTS — 102.8% (h) | ||||||||
(Cost $158,891,423) | 181,024,625 | |||||||
OTHER ASSETS & LIABILITIES — (2.8)% | (4,858,156 | ) | ||||||
NET ASSETS — 100.0% | $ | 176,166,469 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
182
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AEROSPACE & DEFENSE — 1.7% | ||||||||
AAR Corp. | 788 | $ | 22,072 | |||||
Aerovironment, Inc. (a) | 400 | 11,652 | ||||||
Alliant Techsystems, Inc. | 628 | 76,415 | ||||||
American Science & Engineering, Inc. | 155 | 11,146 | ||||||
API Technologies Corp. (a)(b) | 723 | 2,465 | ||||||
Astronics Corp. (a) | 279 | 14,229 | ||||||
BE Aerospace, Inc. (a) | 1,982 | 172,493 | ||||||
Cubic Corp. | 395 | 20,801 | ||||||
Curtiss-Wright Corp. | 948 | 58,994 | ||||||
DigitalGlobe, Inc. (a) | 1,498 | 61,643 | ||||||
Ducommun, Inc. (a) | 245 | 7,303 | ||||||
Engility Holdings, Inc. (a) | 308 | 10,287 | ||||||
Erickson Air-Crane, Inc. (a)(b) | 80 | 1,663 | ||||||
Esterline Technologies Corp. (a) | 633 | 64,541 | ||||||
Exelis, Inc. | 3,791 | 72,256 | ||||||
GenCorp, Inc. (a)(b) | 1,275 | 22,976 | ||||||
HEICO Corp. (b) | 1,318 | 76,378 | ||||||
Hexcel Corp. (a) | 2,083 | 93,089 | ||||||
Huntington Ingalls Industries, Inc. | 1,030 | 92,710 | ||||||
Innovative Solutions & Support, Inc. (a) | 233 | 1,699 | ||||||
Kratos Defense & Security Solutions, Inc. (a)(b) | 965 | 7,411 | ||||||
LMI Aerospace, Inc. (a)(b) | 245 | 3,611 | ||||||
Moog, Inc. (Class A) (a) | 958 | 65,087 | ||||||
National Presto Industries, Inc. | 75 | 6,038 | ||||||
Orbital Sciences Corp. (a) | 1,278 | 29,777 | ||||||
Sparton Corp. (a) | 245 | 6,848 | ||||||
Spirit Aerosystems Holdings, Inc. (Class A) (a) | 2,457 | 83,735 | ||||||
Taser International, Inc. (a) | 1,125 | 17,865 | ||||||
Teledyne Technologies, Inc. (a) | 743 | 68,252 | ||||||
The Keyw Holding Corp. (a)(b) | 630 | 8,467 | ||||||
TransDigm Group, Inc. | 1,054 | 169,715 | ||||||
Triumph Group, Inc. | 1,027 | 78,124 | ||||||
1,439,742 | ||||||||
AIR FREIGHT & LOGISTICS — 0.2% | ||||||||
Air Transport Services Group, Inc. (a) | 1,123 | 9,085 | ||||||
Atlas Air Worldwide Holdings, Inc. (a) | 560 | 23,044 | ||||||
Echo Global Logistics, Inc. (a)(b) | 405 | 8,699 | ||||||
Forward Air Corp. | 638 | 28,015 | ||||||
HUB Group, Inc. (Class A) (a) | 798 | 31,824 | ||||||
Pacer International, Inc. (a) | 710 | 5,865 | ||||||
Park-Ohio Holdings Corp. (a) | 155 | 8,122 | ||||||
UTI Worldwide, Inc. | 1,913 | 33,592 | ||||||
XPO Logistics, Inc. (a)(b) | 603 | 15,853 | ||||||
164,099 | ||||||||
AIRLINES — 0.9% | ||||||||
Alaska Air Group, Inc. | 1,423 | 104,406 | ||||||
Allegiant Travel Co. | 320 | 33,741 | ||||||
American Airlines Group, Inc. (a)(b) | 3,997 | 100,924 | ||||||
Copa Holdings SA (Class A) | 720 | 115,279 | ||||||
Hawaiian Holdings, Inc. (a)(b) | 1,118 | 10,766 | ||||||
JetBlue Airways Corp. (a)(b) | 4,949 | 42,314 | ||||||
Republic Airways Holdings, Inc. (a) | 1,033 | 11,043 | ||||||
SkyWest, Inc. | 1,123 | 16,654 | ||||||
Spirit Airlines, Inc. (a) | 1,178 | 53,493 | ||||||
United Continental Holdings, Inc. (a) | 7,259 | 274,608 | ||||||
763,228 | ||||||||
AUTO COMPONENTS — 1.0% | ||||||||
Allison Transmission Holdings, Inc. | 683 | 18,858 | ||||||
American Axle & Manufacturing Holdings, Inc. (a)(b) | 1,438 | 29,407 | ||||||
Cooper Tire & Rubber Co. | 1,360 | 32,694 | ||||||
Dana Holding Corp. | 3,013 | 59,115 | ||||||
Dorman Products, Inc. (a)(b) | 465 | 26,072 | ||||||
Drew Industries, Inc. | 478 | 24,473 | ||||||
Federal-Mogul Corp. (a) | 398 | 7,833 | ||||||
Fox Factory Holding Corp. (a)(b) | 200 | 3,524 | ||||||
Fuel Systems Solutions, Inc. (a) | 325 | 4,508 | ||||||
Gentex Corp. (b) | 2,931 | 96,694 | ||||||
Gentherm, Inc. (a) | 720 | 19,303 | ||||||
Lear Corp. | 1,609 | 130,281 | ||||||
Modine Manufacturing Co. (a) | 1,048 | 13,435 | ||||||
Remy International, Inc. | 325 | 7,579 | ||||||
Shiloh Industries, Inc. (a) | 128 | 2,496 | ||||||
Spartan Motors, Inc. | 718 | 4,810 | ||||||
Standard Motor Products, Inc. | 395 | 14,536 | ||||||
Stoneridge, Inc. (a) | 648 | 8,262 | ||||||
Superior Industries International, Inc. | 475 | 9,799 | ||||||
Tenneco, Inc. (a) | 1,273 | 72,014 | ||||||
Tower International, Inc. (a) | 165 | 3,531 | ||||||
TRW Automotive Holdings Corp. (a) | 2,153 | 160,162 | ||||||
Visteon Corp. (a) | 1,058 | 86,640 | ||||||
836,026 | ||||||||
AUTOMOBILES — 0.4% | ||||||||
Tesla Motors, Inc. (a)(b) | 1,710 | 257,150 | ||||||
Thor Industries, Inc. (b) | 863 | 47,663 | ||||||
Winnebago Industries, Inc. (a) | 550 | 15,098 | ||||||
319,911 | ||||||||
BEVERAGES — 0.1% | ||||||||
Boston Beer Co., Inc. (Class A) (a)(b) | 183 | 44,248 | ||||||
Coca-Cola Hellenic Bottling Co. | 75 | 5,489 | ||||||
Craft Brew Alliance, Inc. (a) | 245 | 4,023 | ||||||
National Beverage Corp. (a) | 240 | 4,838 | ||||||
58,598 | ||||||||
BIOTECHNOLOGY — 2.9% | ||||||||
ACADIA Pharmaceuticals, Inc. (a) | 1,423 | 35,561 | ||||||
Achillion Pharmaceuticals, Inc. (a)(b) | 2,083 | 6,916 | ||||||
Acorda Therapeutics, Inc. (a) | 883 | 25,784 | ||||||
Aegerion Pharmaceuticals, Inc. (a) | 545 | 38,673 | ||||||
Agios Pharmaceuticals, Inc. (a)(b) | 100 | 2,395 | ||||||
Alkermes PLC (a) | 2,575 | 104,699 | ||||||
Alnylam Pharmaceuticals, Inc. (a)(b) | 1,188 | 76,424 | ||||||
AMAG Pharmaceuticals, Inc. (a) | 485 | 11,771 | ||||||
Amicus Therapeutics, Inc. (a) | 646 | 1,518 | ||||||
Anacor Pharmaceuticals, Inc. (a)(b) | 565 | 9,481 | ||||||
Arena Pharmaceuticals, Inc. (a)(b) | 4,629 | 27,080 | ||||||
ARIAD Pharmaceuticals, Inc. (a)(b) | 4,017 | 27,396 | ||||||
ArQule, Inc. (a) | 1,283 | 2,758 | ||||||
Array BioPharma, Inc. (a)(b) | 2,473 | 12,390 | ||||||
Aveo Pharmaceuticals, Inc. (a) | 1,123 | 2,066 | ||||||
BioMarin Pharmaceutical, Inc. (a) | 2,868 | 201,534 | ||||||
Biotime, Inc. (a)(b) | 803 | 2,891 |
See accompanying notes to financial statements.
183
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Bluebird Bio, Inc. (a)(b) | 100 | $ | 2,098 | |||||
Cell Therapeutics, Inc. (a)(b) | 2,396 | 4,600 | ||||||
Celldex Therapeutics, Inc. (a)(b) | 1,768 | 42,803 | ||||||
Cepheid, Inc. (a)(b) | 1,361 | 63,586 | ||||||
Chelsea Therapeutics International, Ltd. (a)(b) | 1,440 | 6,379 | ||||||
ChemoCentryx, Inc. (a)(b) | 568 | 3,289 | ||||||
Chimerix, Inc. (a) | 155 | 2,342 | ||||||
Clovis Oncology, Inc. (a) | 325 | 19,588 | ||||||
Coronado Biosciences, Inc. (a)(b) | 480 | 1,262 | ||||||
Cubist Pharmaceuticals, Inc. (a)(b) | 1,300 | 89,531 | ||||||
Curis, Inc. (a)(b) | 1,668 | 4,704 | ||||||
Cytokinetics, Inc. (a)(b) | 568 | 3,692 | ||||||
Cytori Therapeutics, Inc. (a)(b) | 1,358 | 3,490 | ||||||
Dendreon Corp. (a)(b) | 3,354 | 10,028 | ||||||
Durata Therapeutics, Inc. (a)(b) | 230 | 2,942 | ||||||
Dyax Corp. (a) | 2,713 | 20,429 | ||||||
Dynavax Technologies Corp. (a)(b) | 3,916 | 7,675 | ||||||
Emergent Biosolutions, Inc. (a) | 553 | 12,713 | ||||||
Enanta Pharmaceuticals, Inc. (a) | 77 | 2,101 | ||||||
Enzon Pharmaceuticals, Inc. (b) | 800 | 928 | ||||||
Epizyme, Inc. (a)(b) | 170 | 3,536 | ||||||
Exact Sciences Corp. (a)(b) | 1,539 | 17,991 | ||||||
Exelixis, Inc. (a)(b) | 3,914 | 23,993 | ||||||
Fibrocell Science, Inc. (a)(b) | 410 | 1,665 | ||||||
Galena Biopharma, Inc. (a)(b) | 1,953 | 9,687 | ||||||
Genomic Health, Inc. (a)(b) | 310 | 9,074 | ||||||
Geron Corp. (a)(b) | 2,801 | 13,277 | ||||||
GTx, Inc. (a)(b) | 560 | 924 | ||||||
Halozyme Therapeutics, Inc. (a)(b) | 1,923 | 28,826 | ||||||
Harvard Apparatus Regenerative Technology, Inc. (a) | 140 | 665 | ||||||
Hyperion Therapeutics, Inc. (a)(b) | 155 | 3,134 | ||||||
Idenix Pharmaceuticals, Inc. (a)(b) | 2,161 | 12,923 | ||||||
ImmunoGen, Inc. (a)(b) | 1,848 | 27,110 | ||||||
Immunomedics, Inc. (a)(b) | 1,608 | 7,397 | ||||||
Incyte Corp. (a)(b) | 2,048 | 103,690 | ||||||
Infinity Pharmaceuticals, Inc. (a)(b) | 1,043 | 14,404 | ||||||
Insmed, Inc. (a) | 736 | 12,519 | ||||||
Insys Therapeutics, Inc. (a)(b) | 75 | 2,903 | ||||||
Intercept Pharmaceuticals, Inc. (a)(b) | 165 | 11,266 | ||||||
InterMune, Inc. (a)(b) | 1,763 | 25,969 | ||||||
Intrexon Corp. (a)(b) | 200 | 4,760 | ||||||
Ironwood Pharmaceuticals, Inc. (a)(b) | 2,001 | 23,232 | ||||||
Isis Pharmaceuticals, Inc. (a)(b) | 2,298 | 91,552 | ||||||
KaloBios Pharmaceuticals, Inc. (a)(b) | 188 | 831 | ||||||
Keryx Biopharmaceuticals, Inc. (a)(b) | 1,763 | 22,831 | ||||||
KYTHERA Biopharmaceuticals, Inc. (a)(b) | 245 | 9,126 | ||||||
Lexicon Pharmaceuticals, Inc. (a)(b) | 4,881 | 8,786 | ||||||
Ligand Pharmaceuticals, Inc. (Class B) (a)(b) | 405 | 21,303 | ||||||
MannKind Corp. (a)(b) | 3,203 | 16,688 | ||||||
Medivation, Inc. (a) | 1,486 | 94,836 | ||||||
MEI Pharma, Inc. (a) | 206 | 1,650 | ||||||
Merrimack Pharmaceuticals, Inc. (a)(b) | 1,901 | 10,151 | ||||||
MiMedx Group, Inc. (a)(b) | 1,748 | 15,277 | ||||||
Momenta Pharmaceuticals, Inc. (a) | 1,048 | 18,529 | ||||||
Myriad Genetics, Inc. (a)(b) | 1,473 | 30,903 | ||||||
Nanosphere, Inc. (a) | 875 | 2,004 | ||||||
Navidea Biopharmaceuticals, Inc. (a)(b) | 2,558 | 5,295 | ||||||
Neurocrine Biosciences, Inc. (a) | 1,443 | 13,478 | ||||||
NewLink Genetics Corp. (a) | 410 | 9,024 | ||||||
Novavax, Inc. (a) | 3,676 | 18,821 | ||||||
NPS Pharmaceuticals, Inc. (a)(b) | 2,063 | 62,633 | ||||||
OncoGenex Pharmaceutical, Inc. (a)(b) | 320 | 2,669 | ||||||
OncoMed Pharmaceuticals, Inc. (a)(b) | 100 | 2,952 | ||||||
Onconova Therapeutics, Inc. (a)(b) | 100 | 1,148 | ||||||
Ophthotech Corp. (a)(b) | 200 | 6,470 | ||||||
Opko Health, Inc. (a)(b) | 4,038 | 34,081 | ||||||
Orexigen Therapeutics, Inc. (a)(b) | 1,993 | 11,221 | ||||||
Osiris Therapeutics, Inc. (a)(b) | 310 | 4,985 | ||||||
OvaScience, Inc. (a) | 150 | 1,371 | ||||||
PDL BioPharma, Inc. (b) | 2,946 | 24,864 | ||||||
Peregrine Pharmaceuticals, Inc. (a)(b) | 2,929 | 4,071 | ||||||
Pharmacyclics, Inc. (a) | 1,192 | 126,090 | ||||||
Portola Pharmaceuticals, Inc. (a)(b) | 250 | 6,437 | ||||||
Progenics Pharmaceuticals, Inc. (a)(b) | 1,305 | 6,956 | ||||||
Prothena Corp. PLC (a)(b) | 335 | 8,884 | ||||||
PTC Therapeutics, Inc. (a)(b) | 200 | 3,394 | ||||||
Puma Biotechnology, Inc. (a)(b) | 480 | 49,694 | ||||||
Raptor Pharmaceutical Corp. (a)(b) | 1,203 | 15,663 | ||||||
Receptos, Inc. (a)(b) | 170 | 4,928 | ||||||
Regulus Therapeutics, Inc. (a) | 148 | 1,094 | ||||||
Repligen Corp. (a)(b) | 630 | 8,593 | ||||||
Rigel Pharmaceuticals, Inc. (a) | 1,833 | 5,224 | ||||||
Sangamo Biosciences, Inc. (a)(b) | 1,213 | 16,849 | ||||||
Sarepta Therapeutics, Inc. (a)(b) | 730 | 14,870 | ||||||
Seattle Genetics, Inc. (a)(b) | 2,016 | 80,418 | ||||||
SIGA Technologies, Inc. (a)(b) | 803 | 2,626 | ||||||
Spectrum Pharmaceuticals, Inc. (a)(b) | 1,278 | 11,310 | ||||||
Stemline Therapeutics, Inc. (a)(b) | 150 | 2,940 | ||||||
Sunesis Pharmaceuticals, Inc. (a)(b) | 725 | 3,436 | ||||||
Synageva BioPharma Corp. (a)(b) | 410 | 26,535 | ||||||
Synergy Pharmaceuticals, Inc. (a)(b) | 1,668 | 9,391 | ||||||
Synta Pharmaceuticals Corp. (a)(b) | 883 | 4,627 | ||||||
Targacept, Inc. (a)(b) | 550 | 2,282 | ||||||
TESARO, Inc. (a) | 230 | 6,495 | ||||||
Tetraphase Pharmaceuticals, Inc. (a) | 240 | 3,245 | ||||||
TG Therapeutics, Inc. (a)(b) | 224 | 874 | ||||||
Theravance, Inc. (a)(b) | 1,608 | 57,325 | ||||||
Threshold Pharmaceuticals, Inc. (a) | 1,048 | 4,894 | ||||||
United Therapeutics Corp. (a)(b) | 905 | 102,337 | ||||||
Vanda Pharmaceuticals, Inc. (a)(b) | 648 | 8,042 | ||||||
Verastem, Inc. (a)(b) | 317 | 3,614 | ||||||
Vical, Inc. (a)(b) | 1,593 | 1,880 | ||||||
XOMA Corp. (a)(b) | 1,363 | 9,173 | ||||||
ZIOPHARM Oncology, Inc. (a)(b) | 1,440 | 6,250 | ||||||
2,416,382 | ||||||||
BUILDING PRODUCTS — 0.9% | ||||||||
A.O. Smith Corp. | 1,605 | 86,574 | ||||||
AAON, Inc. | 550 | 17,572 | ||||||
American Woodmark Corp. (a)(b) | 245 | 9,685 | ||||||
Apogee Enterprises, Inc. | 545 | 19,571 | ||||||
Armstrong World Industries, Inc. (a) | 484 | 27,883 | ||||||
Builders FirstSource, Inc. (a)(b) | 960 | 6,854 | ||||||
Fortune Brands Home & Security, Inc. | 3,348 | 153,004 | ||||||
Gibraltar Industries, Inc. (a) | 635 | 11,805 |
See accompanying notes to financial statements.
184
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Griffon Corp. | 960 | $ | 12,682 | |||||
Insteel Industries, Inc. | 405 | 9,206 | ||||||
Lennox International, Inc. | 1,038 | 88,292 | ||||||
NCI Building Systems, Inc. (a) | 490 | 8,595 | ||||||
Nortek, Inc. (a) | 150 | 11,190 | ||||||
Owens Corning (a) | 2,460 | 100,171 | ||||||
Patrick Industries, Inc. (a) | 165 | 4,773 | ||||||
PGT, Inc. (a) | 723 | 7,317 | ||||||
Ply Gem Holdings, Inc. (a)(b) | 315 | 5,679 | ||||||
Quanex Building Products Corp. (b) | 800 | 15,936 | ||||||
Simpson Manufacturing Co., Inc. | 783 | 28,760 | ||||||
Trex Co., Inc. (a) | 308 | 24,495 | ||||||
Universal Forest Products, Inc. | 395 | 20,595 | ||||||
USG Corp. (a)(b) | 1,631 | 46,288 | ||||||
716,927 | ||||||||
CAPITAL MARKETS — 2.0% | ||||||||
Affiliated Managers Group, Inc. (a) | 1,078 | 233,797 | ||||||
Arlington Asset Investment Corp. (Class A) (b) | 315 | 8,313 | ||||||
Artisan Partners Asset Management, Inc. | 230 | 14,994 | ||||||
BGC Partners, Inc. (Class A) (b) | 2,718 | 16,471 | ||||||
Calamos Asset Management, Inc. (Class A) | 395 | 4,677 | ||||||
CIFC Corp. (b) | 147 | 1,144 | ||||||
Cohen & Steers, Inc. (b) | 400 | 16,024 | ||||||
Cowen Group, Inc. (Class A) (a) | 2,078 | 8,125 | ||||||
Diamond Hill Investment Group, Inc. (b) | 85 | 10,059 | ||||||
Eaton Vance Corp. | 2,464 | 105,435 | ||||||
Evercore Partners, Inc. (Class A) | 630 | 37,661 | ||||||
FBR & Co. (a) | 155 | 4,089 | ||||||
Federated Investors, Inc. (Class B) (b) | 1,922 | 55,354 | ||||||
Financial Engines, Inc. | 1,038 | 72,120 | ||||||
FXCM, Inc. (Class A) (b) | 805 | 14,361 | ||||||
GAMCO Investors, Inc. (Class A) | 70 | 6,088 | ||||||
GFI Group, Inc. | 1,528 | 5,974 | ||||||
Greenhill & Co., Inc. (b) | 550 | 31,867 | ||||||
HFF, Inc. (Class A) (a) | 723 | 19,413 | ||||||
ICG Group, Inc. (a) | 795 | 14,811 | ||||||
Intl. FCStone, Inc. (a)(b) | 325 | 6,025 | ||||||
Investment Technology Group, Inc. (a) | 800 | 16,448 | ||||||
Janus Capital Group, Inc. (b) | 3,196 | 39,534 | ||||||
JMP Group, Inc. | 315 | 2,331 | ||||||
KCG Holdings, Inc. (Class A) (a)(b) | 1,517 | 18,143 | ||||||
Ladenburg Thalmann Financial Services, Inc. (a)(b) | 2,148 | 6,723 | ||||||
Lazard, Ltd. (Class A) | 2,613 | 118,421 | ||||||
LPL Investment Holdings, Inc. | 1,132 | 53,238 | ||||||
Manning & Napier, Inc. | 323 | 5,701 | ||||||
Oppenheimer Holdings, Inc. (Class A) | 245 | 6,071 | ||||||
Piper Jaffray Co., Inc. (a) | 308 | 12,181 | ||||||
Pzena Investment Management, Inc. (Class A) | 240 | 2,822 | ||||||
Raymond James Financial, Inc. | 2,510 | 130,997 | ||||||
Safeguard Scientifics, Inc. (a)(b) | 488 | 9,804 | ||||||
SEI Investments Co. | 2,943 | 102,210 | ||||||
Stifel Financial Corp. (a) | 1,258 | 60,283 | ||||||
SWS Group, Inc. (a) | 645 | 3,922 | ||||||
TD Ameritrade Holding Corp. | 4,751 | 145,571 | ||||||
Virtus Investment Partners, Inc. (a) | 152 | 30,408 | ||||||
Waddell & Reed Financial, Inc. (Class A) | 1,708 | 111,225 | ||||||
Walter Investment Management Corp. (a) | 703 | 24,858 | ||||||
Westwood Holdings Group, Inc. | 163 | 10,091 | ||||||
WisdomTree Investments, Inc. (a)(b) | 2,063 | 36,536 | ||||||
1,634,320 | ||||||||
CHEMICALS — 2.6% | ||||||||
A. Schulman, Inc. | 643 | 22,672 | ||||||
Advanced Emissions Solutions, Inc. (a) | 245 | 13,286 | ||||||
Albemarle Corp. | 1,655 | 104,910 | ||||||
American Pacific Corp. (a) | 70 | 2,608 | ||||||
American Vanguard Corp. | 645 | 15,667 | ||||||
Arabian American Development Co. (a) | 395 | 4,957 | ||||||
Ashland, Inc. | 1,614 | 156,623 | ||||||
Axiall Corp. | 1,390 | 65,942 | ||||||
Balchem Corp. | 640 | 37,568 | ||||||
Cabot Corp. | 1,290 | 66,306 | ||||||
Calgon Carbon Corp. (a) | 1,110 | 22,833 | ||||||
Celanese Corp. (Series A) | 3,241 | 179,260 | ||||||
Chase Corp. | 165 | 5,824 | ||||||
Chemtura Corp. (a) | 1,973 | 55,086 | ||||||
Cytec Industries, Inc. | 723 | 67,355 | ||||||
Ferro Corp. (a) | 1,513 | 19,412 | ||||||
Flotek Industries, Inc. (a)(b) | 1,045 | 20,973 | ||||||
FutureFuel Corp. (b) | 485 | 7,663 | ||||||
GSE Holding, Inc. (a) | 168 | 348 | ||||||
H.B. Fuller Co. | 1,030 | 53,601 | ||||||
Hawkins, Inc. (b) | 150 | 5,578 | ||||||
Huntsman Corp. | 3,913 | 96,260 | ||||||
Innophos Holdings, Inc. | 483 | 23,474 | ||||||
Innospec, Inc. | 475 | 21,954 | ||||||
Intrepid Potash, Inc. (a)(b) | 1,206 | 19,103 | ||||||
KMG Chemicals, Inc. | 155 | 2,618 | ||||||
Koppers Holdings, Inc. | 390 | 17,842 | ||||||
Kraton Performance Polymers, Inc. (a) | 725 | 16,711 | ||||||
Kronos Worldwide, Inc. | 432 | 8,230 | ||||||
Landec Corp. (a) | 560 | 6,787 | ||||||
LSB Industries, Inc. (a) | 398 | 16,326 | ||||||
Marrone Bio Innovations, Inc. (a)(b) | 200 | 3,556 | ||||||
Minerals Technologies, Inc. | 713 | 42,830 | ||||||
NewMarket Corp. (b) | 194 | 64,825 | ||||||
Olin Corp. (b) | 1,668 | 48,122 | ||||||
OM Group, Inc. (a) | 630 | 22,938 | ||||||
Omnova Solutions, Inc. (a) | 1,048 | 9,547 | ||||||
Penford Corp. (a) | 250 | 3,213 | ||||||
PolyOne Corp. | 2,068 | 73,104 | ||||||
Quaker Chemical Corp. | 230 | 17,726 | ||||||
Rockwood Holdings, Inc. | 1,439 | 103,493 | ||||||
RPM International, Inc. | 2,716 | 112,741 | ||||||
Sensient Technologies Corp. | 1,031 | 50,024 | ||||||
Stepan Co. | 400 | 26,252 | ||||||
Taminco Corp. (a) | 315 | 6,366 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 880 | 54,754 | ||||||
Tredegar Corp. | 568 | 16,364 | ||||||
Valspar Corp. | 1,807 | 128,821 | ||||||
W.R. Grace & Co. (a) | 1,519 | 150,184 | ||||||
Westlake Chemical Corp. | 371 | 45,288 | ||||||
Zep, Inc. | 480 | 8,717 |
See accompanying notes to financial statements.
185
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Zoltek Cos., Inc. (a) | 553 | $ | 9,263 | |||||
2,155,905 | ||||||||
COMMERCIAL BANKS — 5.0% | ||||||||
1st Source Corp. | 320 | 10,221 | ||||||
1st United Bancorp, Inc. | 640 | 4,870 | ||||||
Access National Corp. | 160 | 2,392 | ||||||
American National Bankshares, Inc. (b) | 160 | 4,200 | ||||||
Ameris Bancorp (a) | 468 | 9,879 | ||||||
Ames National Corp. | 250 | 5,598 | ||||||
Arrow Financial Corp. (b) | 249 | 6,613 | ||||||
Associated Banc-Corp. | 3,430 | 59,682 | ||||||
Bancfirst Corp. | 160 | 8,970 | ||||||
Banco Latinoamericano de Comercio Exterior SA (b) | 643 | 18,017 | ||||||
Bancorp, Inc. (a) | 725 | 12,985 | ||||||
BancorpSouth, Inc. (b) | 1,888 | 47,993 | ||||||
Bank of Hawaii Corp. | 936 | 55,355 | ||||||
Bank of Kentucky Financial Corp. | 165 | 6,089 | ||||||
Bank of Marin Bancorp (b) | 70 | 3,037 | ||||||
Bank of the Ozarks, Inc. (b) | 633 | 35,821 | ||||||
BankUnited, Inc. | 1,361 | 44,804 | ||||||
Banner Corp. | 395 | 17,704 | ||||||
Bar Harbor Bankshares | 80 | 3,199 | ||||||
BBCN Bancorp, Inc. | 1,678 | 27,838 | ||||||
BNC Bancorp | 400 | 6,856 | ||||||
BOK Financial Corp. | 541 | 35,879 | ||||||
Boston Private Financial Holdings, Inc. | 1,673 | 21,113 | ||||||
Bridge Bancorp, Inc. | 250 | 6,500 | ||||||
Bridge Capital Holdings (a) | 250 | 5,135 | ||||||
Bryn Mawr Bank Corp. | 328 | 9,899 | ||||||
C&F Financial Corp. | 83 | 3,791 | ||||||
Camden National Corp. | 160 | 6,755 | ||||||
Capital Bank Financial Corp. (Class A) (a) | 463 | 10,533 | ||||||
Capital City Bank Group, Inc. (a) | 235 | 2,766 | ||||||
CapitalSource, Inc. | 3,946 | 56,704 | ||||||
Cardinal Financial Corp. | 638 | 11,484 | ||||||
Cascade Bancorp (a) | 128 | 669 | ||||||
Cathay General Bancorp | 1,678 | 44,853 | ||||||
Center Bancorp, Inc. | 235 | 4,409 | ||||||
Centerstate Banks, Inc. | 640 | 6,496 | ||||||
Central Pacific Financial Corp. | 483 | 9,699 | ||||||
Century Bancorp, Inc. (Class A) | 80 | 2,660 | ||||||
Chemical Financial Corp. | 653 | 20,681 | ||||||
Chemung Financial Corp. (b) | 80 | 2,734 | ||||||
CIT Group, Inc. | 4,121 | 214,828 | ||||||
Citizens & Northern Corp. (b) | 235 | 4,848 | ||||||
City Holding Co. (b) | 315 | 14,594 | ||||||
City National Corp. | 938 | 74,308 | ||||||
CNB Financial Corp. | 235 | 4,465 | ||||||
CoBiz Financial, Inc. | 710 | 8,492 | ||||||
Columbia Banking System, Inc. | 1,023 | 28,143 | ||||||
Commerce Bancshares, Inc. | 1,658 | 74,461 | ||||||
Community Bank System, Inc. (b) | 785 | 31,149 | ||||||
Community Trust Bancorp, Inc. (b) | 325 | 14,677 | ||||||
CommunityOne Bancorp (a) | 245 | 3,124 | ||||||
ConnectOne Bancorp, Inc. (a)(b) | 37 | 1,466 | ||||||
CU Bancorp (a)(b) | 250 | 4,370 | ||||||
Cullen/Frost Bankers, Inc. | 1,030 | 76,663 | ||||||
Customers Bancorp, Inc. (a) | 393 | 8,041 | ||||||
CVB Financial Corp. (b) | 1,908 | 32,570 | ||||||
Eagle Bancorp, Inc. (a) | 480 | 14,702 | ||||||
East West Bancorp, Inc. | 2,763 | 96,622 | ||||||
Enterprise Bancorp, Inc. | 160 | 3,387 | ||||||
Enterprise Financial Services Corp. | 403 | 8,229 | ||||||
F.N.B. Corp. | 3,023 | 38,150 | ||||||
Farmers Capital Bank Corp. (a) | 160 | 3,480 | ||||||
Fidelity Southern Corp. | 336 | 5,581 | ||||||
Financial Institutions, Inc. | 325 | 8,031 | ||||||
First Bancorp | 395 | 6,565 | ||||||
First Bancorp, Inc. | 250 | 4,355 | ||||||
First BanCorp- Puerto Rico (a)(b) | 1,513 | 9,365 | ||||||
First Busey Corp. | 1,513 | 8,775 | ||||||
First Citizens BancShares, Inc. (Class A) | 160 | 35,621 | ||||||
First Commonwealth Financial Corp. | 2,071 | 18,266 | ||||||
First Community Bancshares, Inc. | 405 | 6,764 | ||||||
First Connecticut Bancorp, Inc. | 410 | 6,609 | ||||||
First Financial Bancorp | 1,190 | 20,742 | ||||||
First Financial Bankshares, Inc. (b) | 630 | 41,782 | ||||||
First Financial Corp. | 240 | 8,774 | ||||||
First Financial Holdings, Inc. | 439 | 29,198 | ||||||
First Horizon National Corp. (b) | 4,894 | 57,015 | ||||||
First Interstate Bancsystem, Inc. | 405 | 11,490 | ||||||
First Merchants Corp. | 745 | 16,956 | ||||||
First Midwest Bancorp, Inc. | 1,598 | 28,013 | ||||||
First NBC Bank Holding Co. (a) | 80 | 2,584 | ||||||
First Niagara Financial Group, Inc. | 7,196 | 76,422 | ||||||
First Republic Bank | 2,377 | 124,436 | ||||||
First Security Group, Inc. (a) | 1,365 | 3,140 | ||||||
FirstMerit Corp. | 3,411 | 75,827 | ||||||
Flushing Financial Corp. | 635 | 13,145 | ||||||
Fulton Financial Corp. | 3,970 | 51,928 | ||||||
German American Bancorp, Inc. (b) | 230 | 6,555 | ||||||
Glacier Bancorp, Inc. (b) | 1,413 | 42,093 | ||||||
Great Southern Bancorp, Inc. (b) | 245 | 7,450 | ||||||
Guaranty Bancorp | 320 | 4,496 | ||||||
Hampton Roads Bankshares, Inc. (a) | 719 | 1,258 | ||||||
Hancock Holding Co. | 1,685 | 61,806 | ||||||
Hanmi Financial Corp. | 630 | 13,791 | ||||||
Heartland Financial USA, Inc. (b) | 320 | 9,213 | ||||||
Heritage Commerce Corp. | 490 | 4,038 | ||||||
Heritage Financial Corp. (b) | 320 | 5,475 | ||||||
Heritage Oaks Bancorp (a) | 390 | 2,925 | ||||||
Home Bancshares, Inc. (b) | 958 | 35,781 | ||||||
Home Federal Bancorp, Inc. | 323 | 4,813 | ||||||
HomeTrust Bancshares, Inc. (a)(b) | 490 | 7,835 | ||||||
Horizon Bancorp | 155 | 3,926 | ||||||
Hudson Valley Holding Corp. | 310 | 6,309 | ||||||
IBERIABANK Corp. | 640 | 40,224 | ||||||
Independent Bank Corp.-Massachusetts (b) | 478 | 18,733 | ||||||
Independent Bank Group, Inc. (b) | 80 | 3,973 | ||||||
International Bancshares Corp. | 1,113 | 29,372 | ||||||
Intervest Bancshares Corp. (a) | 405 | 3,042 | ||||||
Investors Bancorp, Inc. | 988 | 25,273 | ||||||
Lakeland Bancorp, Inc. | 640 | 7,917 | ||||||
Lakeland Financial Corp. | 310 | 12,090 | ||||||
LCNB Corp. | 168 | 3,002 |
See accompanying notes to financial statements.
186
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Macatawa Bank Corp. (a) | 473 | $ | 2,365 | |||||
MainSource Financial Group, Inc. | 390 | 7,032 | ||||||
MB Financial, Inc. | 1,103 | 35,395 | ||||||
Mercantile Bank Corp. (b) | 155 | 3,345 | ||||||
Merchants Bancshares, Inc. | 170 | 5,695 | ||||||
Metro Bancorp, Inc. (a) | 325 | 7,001 | ||||||
MetroCorp Bancshares, Inc. | 315 | 4,747 | ||||||
Middleburg Financial Corp. | 70 | 1,263 | ||||||
MidSouth Bancorp, Inc. (b) | 155 | 2,768 | ||||||
MidWestOne Financial Group, Inc. | 165 | 4,488 | ||||||
National Bankshares, Inc. | 165 | 6,087 | ||||||
National Penn Bancshares, Inc. | 2,473 | 28,019 | ||||||
NBT Bancorp, Inc. (b) | 965 | 24,993 | ||||||
NewBridge Bancorp (a) | 565 | 4,238 | ||||||
Northrim BanCorp, Inc. | 165 | 4,330 | ||||||
OFG Bancorp | 955 | 16,560 | ||||||
Old National Bancorp (b) | 2,158 | 33,168 | ||||||
OmniAmerican Bancorp, Inc. (a) | 240 | 5,131 | ||||||
Pacific Continental Corp. | 405 | 6,456 | ||||||
Pacific Premier Bancorp, Inc. (a)(b) | 311 | 4,895 | ||||||
PacWest Bancorp (b) | 793 | 33,480 | ||||||
Palmetto Bancshares, Inc. (a) | 94 | 1,218 | ||||||
Park National Corp. | 240 | 20,417 | ||||||
Park Sterling Corp. | 960 | 6,854 | ||||||
Peapack Gladstone Financial Corp. | 190 | 3,629 | ||||||
Penns Woods Bancorp, Inc. (b) | 80 | 4,080 | ||||||
Peoples Bancorp, Inc. | 240 | 5,402 | ||||||
Pinnacle Financial Partners, Inc. | 713 | 23,194 | ||||||
Popular, Inc. (a) | 2,092 | 60,103 | ||||||
Preferred Bank (a) | 238 | 4,772 | ||||||
PrivateBancorp, Inc. | 1,353 | 39,142 | ||||||
Prosperity Bancshares, Inc. (b) | 1,249 | 79,174 | ||||||
Renasant Corp. | 664 | 20,889 | ||||||
Republic Bancorp, Inc. (Class A) | 250 | 6,135 | ||||||
S&T Bancorp, Inc. (b) | 640 | 16,198 | ||||||
S.Y. Bancorp, Inc. | 325 | 10,374 | ||||||
Sandy Spring Bancorp, Inc. | 565 | 15,927 | ||||||
Seacoast Banking Corp. of Florida (a) | 321 | 3,916 | ||||||
Sierra Bancorp | 235 | 3,781 | ||||||
Signature Bank (a) | 970 | 104,197 | ||||||
Simmons First National Corp. | 310 | 11,517 | ||||||
Southside Bancshares, Inc. (b) | 405 | 11,073 | ||||||
Southwest Bancorp, Inc. (a) | 395 | 6,288 | ||||||
State Bank Financial Corp. | 630 | 11,460 | ||||||
StellarOne Corp. | �� | 478 | 11,505 | |||||
Sterling Bancorp | 1,764 | 23,585 | ||||||
Sterling Financial Corp. | 718 | 24,469 | ||||||
Suffolk Bancorp (a) | 240 | 4,992 | ||||||
Sun Bancorp, Inc. (a)(b) | 883 | 3,108 | ||||||
Susquehanna Bancshares, Inc. | 3,801 | 48,805 | ||||||
SVB Financial Group (a) | 925 | 96,995 | ||||||
Synovus Financial Corp. | 19,914 | 71,690 | ||||||
Taylor Capital Group, Inc. (a)(b) | 408 | 10,845 | ||||||
TCF Financial Corp. | 3,321 | 53,966 | ||||||
Texas Capital Bancshares, Inc. (a) | 780 | 48,516 | ||||||
The First of Long Island Corp. (b) | 158 | 6,773 | ||||||
The National Bank Holdings Corp. (Class A) | 920 | 19,688 | ||||||
Tompkins Financial Corp. | 323 | 16,599 | ||||||
TowneBank (b) | 560 | 8,618 | ||||||
Trico Bancshares | 315 | 8,937 | ||||||
Tristate Capital Holdings, Inc. (a)(b) | 165 | 1,957 | ||||||
Trustmark Corp. | 1,340 | 35,966 | ||||||
UMB Financial Corp. | 725 | 46,603 | ||||||
Umpqua Holdings Corp. (b) | 2,296 | 43,945 | ||||||
Union First Market Bankshares Corp. | 390 | 9,676 | ||||||
United Bankshares, Inc. (b) | 1,030 | 32,393 | ||||||
United Community Banks, Inc. (a) | 870 | 15,443 | ||||||
Univest Corp. of Pennsylvania | 310 | 6,411 | ||||||
Valley National Bancorp (b) | 4,246 | 42,970 | ||||||
VantageSouth Bancshares, Inc. (a) | 256 | 1,349 | ||||||
ViewPoint Financial Group (b) | 785 | 21,548 | ||||||
Virginia Commerce Bancorp, Inc. (a) | 555 | 9,429 | ||||||
Washington Banking Co. | 315 | 5,585 | ||||||
Washington Trust Bancorp, Inc. | 323 | 12,022 | ||||||
Webster Financial Corp. | 1,816 | 56,623 | ||||||
WesBanco, Inc. | 560 | 17,920 | ||||||
West Bancorporation, Inc. (b) | 315 | 4,983 | ||||||
Westamerica Bancorporation (b) | 555 | 31,335 | ||||||
Western Alliance Bancorp (a) | 1,503 | 35,862 | ||||||
Wilshire Bancorp, Inc. | 1,268 | 13,859 | ||||||
Wintrust Financial Corp. | 700 | 32,284 | ||||||
Yadkin Financial Corp. (a) | 323 | 5,504 | ||||||
4,102,380 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.5% | ||||||||
ABM Industries, Inc. | 1,108 | 31,678 | ||||||
ACCO Brands Corp. (a) | 2,393 | 16,081 | ||||||
Acorn Energy, Inc. (b) | 403 | 1,640 | ||||||
ARC Document Solutions, Inc. (a) | 798 | 6,560 | ||||||
Casella Waste Systems, Inc. (Class A) (a) | 793 | 4,599 | ||||||
Ceco Environmental Corp. | 291 | 4,705 | ||||||
Cenveo, Inc. (a)(b) | 1,108 | 3,812 | ||||||
Clean Harbors, Inc. (a)(b) | 1,198 | 71,832 | ||||||
Compx International, Inc. (b) | 26 | 366 | ||||||
Consolidated Graphics, Inc. (a) | 160 | 10,790 | ||||||
Copart, Inc. (a) | 2,289 | 83,892 | ||||||
Courier Corp. | 240 | 4,342 | ||||||
Covanta Holding Corp. (b) | 2,107 | 37,399 | ||||||
Deluxe Corp. | 1,028 | 53,651 | ||||||
EnerNOC, Inc. (a) | 560 | 9,638 | ||||||
Ennis, Inc. | 560 | 9,912 | ||||||
G & K Services, Inc. (Class A) | 395 | 24,581 | ||||||
Healthcare Services Group, Inc. (b) | 1,433 | 40,654 | ||||||
Heritage-Crystal Clean, Inc. (a)(b) | 153 | 3,135 | ||||||
Herman Miller, Inc. | 1,185 | 34,981 | ||||||
HNI Corp. | 955 | 37,083 | ||||||
Innerworkings, Inc. (a)(b) | 963 | 7,502 | ||||||
Interface, Inc. | 1,283 | 28,175 | ||||||
Intersections, Inc. (b) | 250 | 1,947 | ||||||
KAR Auction Services, Inc. | 1,547 | 45,714 | ||||||
Kimball International, Inc. (Class B) | 725 | 10,897 | ||||||
Knoll, Inc. | 1,038 | 19,006 | ||||||
McGrath Rentcorp | 465 | 18,507 | ||||||
Mine Safety Appliances Co. (b) | 548 | 28,063 | ||||||
Mobile Mini, Inc. (a) | 795 | 32,738 | ||||||
Multi-Color Corp. | 235 | 8,869 | ||||||
NL Industries, Inc. | 145 | 1,621 |
See accompanying notes to financial statements.
187
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Performant Financial Corp. (a)(b) | 480 | $ | 4,944 | |||||
Quad Graphics, Inc. | 565 | 15,385 | ||||||
R.R. Donnelley & Sons Co. | 3,726 | 75,563 | ||||||
Rollins, Inc. | 1,344 | 40,710 | ||||||
Schawk, Inc. | 328 | 4,877 | ||||||
SP Plus Corp. (a) | 318 | 8,281 | ||||||
Steelcase, Inc. (Class A) | 1,648 | 26,137 | ||||||
Swisher Hygiene, Inc. (a)(b) | 2,386 | 1,227 | ||||||
Team, Inc. (a) | 390 | 16,513 | ||||||
Tetra Tech, Inc. (a) | 1,353 | 37,857 | ||||||
The Brink’s Co. | 943 | 32,194 | ||||||
The Geo Group, Inc. | 1,458 | 46,977 | ||||||
TRC Cos., Inc. (a) | 315 | 2,249 | ||||||
UniFirst Corp. | 320 | 34,240 | ||||||
United Stationers, Inc. | 783 | 35,932 | ||||||
US Ecology, Inc. | 400 | 14,876 | ||||||
Viad Corp. | 390 | 10,834 | ||||||
Waste Connections, Inc. | 2,469 | 107,722 | ||||||
West Corp. (b) | 485 | 12,469 | ||||||
1,223,357 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.2% | ||||||||
ADTRAN, Inc. | 1,183 | 31,953 | ||||||
Alliance Fiber Optic Products, Inc. | 340 | 5,117 | ||||||
Anaren, Inc. (a) | 238 | 6,662 | ||||||
Arris Group, Inc. (a) | 2,371 | 57,769 | ||||||
Aruba Networks, Inc. (a)(b) | 2,288 | 40,955 | ||||||
Aviat Networks, Inc. (a) | 1,273 | 2,877 | ||||||
Bel Fuse, Inc. (Class B) | 245 | 5,221 | ||||||
Black Box Corp. | 315 | 9,387 | ||||||
Brocade Communications Systems, Inc. (a) | 9,047 | 80,247 | ||||||
CalAmp Corp. (a) | 713 | 19,943 | ||||||
Calix, Inc. (a) | 885 | 8,531 | ||||||
Ciena Corp. (a)(b) | 2,151 | 51,473 | ||||||
CommScope Holding Co., Inc. (a)(b) | 800 | 15,136 | ||||||
Comtech Telecommunications Corp. | 310 | 9,771 | ||||||
Digi International, Inc. (a) | 560 | 6,787 | ||||||
EchoStar Corp. (Class A) (a) | 846 | 42,063 | ||||||
Emulex Corp. (a) | 1,613 | 11,549 | ||||||
Extreme Networks, Inc. (a) | 2,003 | 14,021 | ||||||
Finisar Corp. (a) | 1,898 | 45,400 | ||||||
Harmonic, Inc. (a) | 2,019 | 14,900 | ||||||
Infinera Corp. (a)(b) | 2,478 | 24,235 | ||||||
InterDigital, Inc. (b) | 880 | 25,951 | ||||||
Ixia (a) | 1,198 | 15,945 | ||||||
JDS Uniphase Corp. (a) | 4,800 | 62,304 | ||||||
KVH Industries, Inc. (a) | 315 | 4,104 | ||||||
Netgear, Inc. (a)(b) | 793 | 26,121 | ||||||
Numerex Corp. (Class A) (a)(b) | 325 | 4,209 | ||||||
Oplink Communications, Inc. (a) | 398 | 7,403 | ||||||
Palo Alto Networks, Inc. (a) | 667 | 38,333 | ||||||
Parkervision, Inc. (a)(b) | 1,923 | 8,750 | ||||||
PC-Tel, Inc. | 400 | 3,828 | ||||||
Plantronics, Inc. | 868 | 40,319 | ||||||
Polycom, Inc. (a)(b) | 3,653 | 41,023 | ||||||
Procera Networks, Inc. (a)(b) | 390 | 5,858 | ||||||
Riverbed Technology, Inc. (a)(b) | 3,301 | 59,682 | ||||||
Ruckus Wireless, Inc. (a)(b) | 963 | 13,675 | ||||||
ShoreTel, Inc. (a) | 1,285 | 11,925 | ||||||
Sonus Networks, Inc. (a) | 4,539 | 14,298 | ||||||
Tessco Technologies, Inc. | 70 | 2,822 | ||||||
Ubiquiti Networks, Inc. (a)(b) | 233 | 10,709 | ||||||
ViaSat, Inc. (a) | 788 | 49,368 | ||||||
Westell Technologies, Inc. (Class A) (a) | 958 | 3,880 | ||||||
954,504 | ||||||||
COMPUTERS & PERIPHERALS — 0.8% | ||||||||
3D Systems Corp. (a)(b) | 2,081 | 193,387 | ||||||
Avid Technology, Inc. (a) | 633 | 5,159 | ||||||
Cray, Inc. (a)(b) | 788 | 21,638 | ||||||
Datalink Corp. (a) | 315 | 3,434 | ||||||
Diebold, Inc. (b) | 1,258 | 41,527 | ||||||
Electronics for Imaging, Inc. (a) | 950 | 36,793 | ||||||
Fusion-io, Inc. (a)(b) | 1,593 | 14,194 | ||||||
Hutchinson Technology, Inc. (a) | 475 | 1,520 | ||||||
Imation Corp. (a) | 718 | 3,360 | ||||||
Immersion Corp. (a) | 550 | 5,709 | ||||||
Lexmark International, Inc. (Class A) | 1,263 | 44,862 | ||||||
NCR Corp. (a) | 3,328 | 113,352 | ||||||
QLogic Corp. (a) | 1,923 | 22,749 | ||||||
Quantum Corp. (a)(b) | 4,561 | 5,473 | ||||||
Silicon Graphics International Corp. (a)(b) | 720 | 9,655 | ||||||
Stratasys, Ltd. (a) | 730 | 98,331 | ||||||
Super Micro Computer, Inc. (a) | 630 | 10,811 | ||||||
631,954 | ||||||||
CONSTRUCTION & ENGINEERING — 0.9% | ||||||||
Aecom Technology Corp. (a) | 2,092 | 61,568 | ||||||
Aegion Corp. (a)(b) | 790 | 17,293 | ||||||
Ameresco, Inc. (Class A) (a)(b) | 395 | 3,816 | ||||||
Argan, Inc. | 325 | 8,957 | ||||||
Chicago Bridge & Iron Co. NV | 2,056 | 170,936 | ||||||
Comfort Systems USA, Inc. | 800 | 15,512 | ||||||
Dycom Industries, Inc. (a) | 723 | 20,092 | ||||||
EMCOR Group, Inc. | 1,383 | 58,695 | ||||||
Furmanite Corp. (a) | 800 | 8,496 | ||||||
Granite Construction, Inc. | 791 | 27,669 | ||||||
Great Lakes Dredge & Dock Corp. (a) | 1,281 | 11,785 | ||||||
KBR, Inc. | 3,010 | 95,989 | ||||||
Layne Christensen Co. (a)(b) | 395 | 6,747 | ||||||
Mastec, Inc. (a)(b) | 1,178 | 38,544 | ||||||
MYR Group, Inc. (a) | 488 | 12,239 | ||||||
Northwest Pipe Co. (a) | 150 | 5,664 | ||||||
Orion Marine Group, Inc. (a) | 555 | 6,677 | ||||||
Pike Corp. (a) | 560 | 5,919 | ||||||
Primoris Services Corp. | 710 | 22,102 | ||||||
Sterling Construction Co., Inc. (a) | 310 | 3,636 | ||||||
Tutor Perini Corp. (a) | 800 | 21,040 | ||||||
URS Corp. | 1,572 | 83,300 | ||||||
706,676 | ||||||||
CONSTRUCTION MATERIALS — 0.3% | ||||||||
Eagle Materials, Inc. | 996 | 77,120 | ||||||
Headwaters, Inc. (a)(b) | 1,508 | 14,763 | ||||||
Martin Marietta Materials, Inc. (b) | 974 | 97,342 | ||||||
Texas Industries, Inc. (a) | 485 | 33,358 | ||||||
US Concrete, Inc. (a) | 328 | 7,423 | ||||||
230,006 | ||||||||
See accompanying notes to financial statements.
188
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
CONSUMER FINANCE — 0.3% | ||||||||
Cash America International, Inc. (b) | 543 | $ | 20,797 | |||||
Consumer Portfolio Services, Inc. (a)(b) | 410 | 3,850 | ||||||
Credit Acceptance Corp. (a) | 160 | 20,798 | ||||||
DFC Global Corp. (a) | 883 | 10,110 | ||||||
Encore Capital Group, Inc. (a)(b) | 471 | 23,672 | ||||||
Ezcorp, Inc. (Class A) (a) | 1,123 | 13,128 | ||||||
First Cash Financial Services, Inc. (a) | 545 | 33,703 | ||||||
Green Dot Corp. (Class A) (a)(b) | 560 | 14,084 | ||||||
Imperial Holdings, Inc. (a)(b) | 408 | 2,668 | ||||||
Nelnet, Inc. (Class A) | 478 | 20,143 | ||||||
Nicholas Financial, Inc. | 245 | 3,856 | ||||||
Portfolio Recovery Associates, Inc. (a)(b) | 1,028 | 54,320 | ||||||
Regional Management Corp. (a) | 70 | 2,375 | ||||||
Springleaf Holdings, Inc. (a)(b) | 500 | 12,640 | ||||||
The First Marblehead Corp. (a)(b) | 190 | 1,404 | ||||||
World Acceptance Corp. (a)(b) | 150 | 13,130 | ||||||
250,678 | ||||||||
CONTAINERS & PACKAGING — 0.9% | ||||||||
AEP Industries, Inc. (a) | 75 | 3,962 | ||||||
AptarGroup, Inc. | 1,359 | 92,154 | ||||||
Berry Plastics Group, Inc. (a) | 1,203 | 28,620 | ||||||
Crown Holdings, Inc. (a) | 2,976 | 132,640 | ||||||
Graphic Packaging Holding Co. (a) | 3,963 | 38,045 | ||||||
Greif, Inc. (Class A) | 668 | 35,003 | ||||||
Myers Industries, Inc. | 650 | 13,728 | ||||||
Packaging Corp. of America | 1,987 | 125,737 | ||||||
Rock-Tenn Co. (Class A) | 1,476 | 154,995 | ||||||
Silgan Holdings, Inc. | 850 | 40,817 | ||||||
Sonoco Products Co. | 2,106 | 87,862 | ||||||
UFP Technologies, Inc. (a) | 70 | 1,766 | ||||||
755,329 | ||||||||
DISTRIBUTORS — 0.3% | ||||||||
Core-Mark Holding Co., Inc. | 240 | 18,223 | ||||||
LKQ Corp. (a) | 6,121 | 201,381 | ||||||
Pool Corp. | 950 | 55,233 | ||||||
VOXX International Corp. (a) | 400 | 6,680 | ||||||
Weyco Group, Inc. | 165 | 4,856 | ||||||
286,373 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.7% | ||||||||
American Public Education, Inc. (a) | 305 | 13,258 | ||||||
Apollo Education Group, Inc. (a) | 1,966 | 53,711 | ||||||
Ascent Capital Group Inc (Class A) (a) | 325 | 27,807 | ||||||
Bridgepoint Education, Inc. (a) | 400 | 7,084 | ||||||
Bright Horizons Family Solutions, Inc. (a)(b) | 235 | 8,634 | ||||||
Capella Education Co. | 240 | 15,946 | ||||||
Career Education Corp. (a)(b) | 1,203 | 6,857 | ||||||
Carriage Services, Inc. (b) | 315 | 6,152 | ||||||
Corinthian Colleges, Inc. (a)(b) | 1,673 | 2,978 | ||||||
DeVry Education Group, Inc. | 1,263 | 44,836 | ||||||
Education Management Corp. (a) | 470 | 4,742 | ||||||
Grand Canyon Education, Inc. (a) | 953 | 41,551 | ||||||
Hillenbrand, Inc. | 1,105 | 32,509 | ||||||
Houghton Mifflin Harcourt Co. (a)(b) | 400 | 6,784 | ||||||
ITT Educational Services, Inc. (a)(b) | 475 | 15,950 | ||||||
JTH Holding, Inc. (Class A) (a) | 75 | 1,823 | ||||||
K12, Inc. (a) | 555 | 12,071 | ||||||
LifeLock, Inc. (a) | 1,275 | 20,923 | ||||||
Lincoln Educational Services Corp. | 470 | 2,341 | ||||||
Mac-Gray Corp. | 235 | 4,989 | ||||||
Matthews International Corp. (Class A) | 548 | 23,350 | ||||||
Regis Corp. | 1,045 | 15,163 | ||||||
Service Corp. International | 4,316 | 78,249 | ||||||
Sotheby’s | 1,424 | 75,757 | ||||||
Steiner Leisure, Ltd. (a) | 320 | 15,741 | ||||||
Strayer Education, Inc. | 240 | 8,273 | ||||||
Universal Technical Institute, Inc. | 485 | 6,746 | ||||||
Weight Watchers International, Inc. (b) | 531 | 17,486 | ||||||
571,711 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.5% | ||||||||
California First National Bancorp | 49 | 740 | ||||||
CBOE Holdings, Inc. | 1,768 | 91,865 | ||||||
Gain Capital Holdings, Inc. (b) | 234 | 1,757 | ||||||
ING US, Inc. | 1,570 | 55,185 | ||||||
Interactive Brokers Group, Inc. (Class A) | 948 | 23,074 | ||||||
MarketAxess Holdings, Inc. | 800 | 53,496 | ||||||
Marlin Business Services Corp. | 155 | 3,906 | ||||||
MSCI, Inc. (Class A) (a) | 2,449 | 107,070 | ||||||
NewStar Financial, Inc. (a) | 560 | 9,951 | ||||||
PHH Corp. (a)(b) | 1,193 | 29,050 | ||||||
Pico Holdings, Inc. (a) | 478 | 11,047 | ||||||
Resource America, Inc. (Class A) | 235 | 2,200 | ||||||
389,341 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.5% | ||||||||
8x8, Inc. (a)(b) | 1,513 | 15,372 | ||||||
Atlantic Tele-Network, Inc. | 150 | 8,485 | ||||||
Cbeyond, Inc. (a) | 555 | 3,830 | ||||||
Cincinnati Bell, Inc. (a) | 4,386 | 15,614 | ||||||
Cogent Communications Group, Inc. (b) | 948 | 38,309 | ||||||
Consolidated Communications Holdings, Inc. | 885 | 17,373 | ||||||
Fairpoint Communications, Inc. (a)(b) | 490 | 5,542 | ||||||
General Communication, Inc. (Class A) (a) | 630 | 7,024 | ||||||
Hawaiian Telcom Holdco, Inc. (a)(b) | 245 | 7,196 | ||||||
HickoryTech Corp. | 325 | 4,170 | ||||||
IDT Corp. (Class B) | 318 | 5,683 | ||||||
inContact, Inc. (a)(b) | 1,113 | 8,693 | ||||||
Inteliquent, Inc. | 725 | 8,279 | ||||||
Intelsat SA (a) | 480 | 10,819 | ||||||
Iridium Communications, Inc. (a)(b) | 1,355 | 8,482 | ||||||
Level 3 Communications, Inc. (a) | 3,309 | 109,760 | ||||||
Lumos Networks Corp. | 313 | 6,573 | ||||||
magicJack VocalTec, Ltd. (a) | 400 | 4,768 | ||||||
ORBCOMM, Inc. (a) | 805 | 5,104 | ||||||
Premiere Global Services, Inc. (a) | 1,043 | 12,088 | ||||||
Straight Path Communications, Inc. (Class B) (a) | 360 | 2,948 | ||||||
Towerstream Corp. (a)(b) | 1,443 | 4,271 | ||||||
tw telecom, Inc. (a) | 3,101 | 94,487 | ||||||
Vonage Holdings Corp. (a) | 3,266 | 10,876 | ||||||
415,746 | ||||||||
See accompanying notes to financial statements.
189
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
ELECTRIC UTILITIES — 1.1% | ||||||||
ALLETE, Inc. | 785 | $ | 39,156 | |||||
Cleco Corp. | 1,250 | 58,275 | ||||||
El Paso Electric Co. | 785 | 27,561 | ||||||
Great Plains Energy, Inc. | 3,157 | 76,526 | ||||||
Hawaiian Electric Industries, Inc. (b) | 1,980 | 51,599 | ||||||
IDACORP, Inc. (b) | 1,039 | 53,862 | ||||||
ITC Holdings Corp. | 1,047 | 100,324 | ||||||
MGE Energy, Inc. (b) | 475 | 27,502 | ||||||
NRG Yield, Inc. (Class A) (b) | 500 | 20,005 | ||||||
OGE Energy Corp. | 4,038 | 136,888 | ||||||
Otter Tail Corp. (b) | 705 | 20,635 | ||||||
PNM Resources, Inc. | 1,673 | 40,353 | ||||||
Portland General Electric Co. (b) | 1,493 | 45,089 | ||||||
The Empire District Electric Co. | 870 | 19,740 | ||||||
UIL Holdings Corp. (b) | 1,128 | 43,710 | ||||||
Unitil Corp. | 325 | 9,909 | ||||||
UNS Energy Corp. | 878 | 52,548 | ||||||
Westar Energy, Inc. (b) | 2,593 | 83,417 | ||||||
907,099 | ||||||||
ELECTRICAL EQUIPMENT — 1.0% | ||||||||
Acuity Brands, Inc. (b) | 855 | 93,468 | ||||||
American Superconductor Corp. (a)(b) | 960 | 1,574 | ||||||
AZZ, Inc. | 465 | 22,720 | ||||||
Brady Corp. (Class A) | 953 | 29,476 | ||||||
Capstone Turbine Corp. (a)(b) | 6,462 | 8,336 | ||||||
Coleman Cable, Inc. | 155 | 4,064 | ||||||
Encore Wire Corp. | 390 | 21,138 | ||||||
EnerSys (b) | 943 | 66,095 | ||||||
Enphase Energy, Inc. (a)(b) | 315 | 1,997 | ||||||
Franklin Electric Co., Inc. | 945 | 42,185 | ||||||
FuelCell Energy, Inc. (a)(b) | 3,346 | 4,718 | ||||||
Generac Holdings, Inc. (b) | 1,009 | 57,150 | ||||||
General Cable Corp. (b) | 1,033 | 30,380 | ||||||
Global Power Equipment Group, Inc. | 410 | 8,024 | ||||||
GrafTech International, Ltd. (a)(b) | 2,473 | 27,772 | ||||||
Hubbell, Inc. (Class B) | 1,233 | 134,274 | ||||||
II-VI, Inc. (a) | 1,123 | 19,765 | ||||||
LSI Industries, Inc. | 485 | 4,205 | ||||||
Polypore International, Inc. (a)(b) | 950 | 36,955 | ||||||
Powell Industries, Inc. | 150 | 10,048 | ||||||
PowerSecure International, Inc. (a) | 400 | 6,868 | ||||||
Preformed Line Products Co. | 85 | 6,219 | ||||||
Regal-Beloit Corp. | 950 | 70,034 | ||||||
Revolution Lighting Technologies, Inc. (a)(b) | 640 | 2,192 | ||||||
SolarCity Corp. (a) | 485 | 27,558 | ||||||
The Babcock & Wilcox Co. | 2,240 | 76,586 | ||||||
Thermon Group Holdings, Inc. (a) | 555 | 15,168 | ||||||
Vicor Corp. (a) | 405 | 5,435 | ||||||
834,404 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.2% | ||||||||
Aeroflex Holding Corp. (a) | 395 | 2,568 | ||||||
Agilysys, Inc. (a) | 325 | 4,524 | ||||||
Anixter International, Inc. | 536 | 48,154 | ||||||
Arrow Electronics, Inc. (a) | 2,097 | 113,762 | ||||||
Audience, Inc. (a)(b) | 250 | 2,910 | ||||||
Avnet, Inc. | 2,781 | 122,670 | ||||||
AVX Corp. | 1,031 | 14,362 | ||||||
Badger Meter, Inc. (b) | 325 | 17,713 | ||||||
Belden, Inc. | 865 | 60,939 | ||||||
Benchmark Electronics, Inc. (a) | 1,108 | 25,573 | ||||||
CDW Corp. (b) | 600 | 14,016 | ||||||
Checkpoint Systems, Inc. (a) | 880 | 13,878 | ||||||
Cognex Corp. | 1,736 | 66,280 | ||||||
Coherent, Inc. (a) | 470 | 34,963 | ||||||
CTS Corp. | 720 | 14,335 | ||||||
Daktronics, Inc. | 805 | 12,622 | ||||||
Dolby Laboratories, Inc. (Class A) (a)(b) | 954 | 36,786 | ||||||
DTS, Inc. (a) | 398 | 9,544 | ||||||
Electro Rent Corp. | 400 | 7,408 | ||||||
Electro Scientific Industries, Inc. | 473 | 4,948 | ||||||
Fabrinet (a) | 648 | 13,323 | ||||||
FARO Technologies, Inc. (a) | 310 | 18,073 | ||||||
FEI Co. | 893 | 79,798 | ||||||
GSI Group, Inc. (a) | 638 | 7,171 | ||||||
Ingram Micro, Inc. (Class A) (a) | 3,121 | 73,219 | ||||||
Insight Enterprises, Inc. (a) | 963 | 21,870 | ||||||
InvenSense, Inc. (a)(b) | 1,195 | 24,832 | ||||||
IPG Photonics Corp. (a)(b) | 689 | 53,473 | ||||||
Itron, Inc. (a)(b) | 788 | 32,647 | ||||||
Kemet Corp. (a) | 960 | 5,414 | ||||||
Littelfuse, Inc. | 480 | 44,606 | ||||||
Maxwell Technologies, Inc. (a)(b) | 645 | 5,012 | ||||||
Measurement Specialties, Inc. (a) | 313 | 18,996 | ||||||
Mercury Computer Systems, Inc. (a) | 723 | 7,917 | ||||||
Mesa Laboratories, Inc. | 85 | 6,679 | ||||||
Methode Electronics, Inc. (Class A) | 800 | 27,352 | ||||||
Mettler-Toledo International, Inc. (a) | 617 | 149,678 | ||||||
MTS Systems Corp. | 315 | 22,444 | ||||||
Multi-Fineline Electronix, Inc. (a) | 155 | 2,153 | ||||||
National Instruments Corp. | 1,968 | 63,015 | ||||||
Neonode, Inc. (a)(b) | 565 | 3,571 | ||||||
Newport Corp. (a) | 790 | 14,275 | ||||||
OSI Systems, Inc. (a) | 393 | 20,872 | ||||||
Park Electrochemical Corp. | 490 | 14,073 | ||||||
PC Connection, Inc. | 150 | 3,728 | ||||||
Plexus Corp. (a) | 718 | 31,082 | ||||||
RadiSys Corp. (a) | 475 | 1,088 | ||||||
RealD, Inc. (a) | 883 | 7,541 | ||||||
Richardson Electronics, Ltd. | 235 | 2,670 | ||||||
Rofin-Sinar Technologies, Inc. (a) | 648 | 17,509 | ||||||
Rogers Corp. (a) | 310 | 19,065 | ||||||
Sanmina Corp. (a) | 1,753 | 29,275 | ||||||
Scansource, Inc. (a) | 550 | 23,336 | ||||||
Speed Commerce, Inc. (a) | 885 | 4,133 | ||||||
SYNNEX Corp. (a) | 560 | 37,744 | ||||||
Tech Data Corp. (a) | 798 | 41,177 | ||||||
Trimble Navigation, Ltd. (a) | 5,255 | 182,348 | ||||||
TTM Technologies, Inc. (a)(b) | 1,113 | 9,550 | ||||||
Uni-Pixel, Inc. (a)(b) | 245 | 2,452 | ||||||
Universal Display Corp. (a)(b) | 785 | 26,973 | ||||||
Viasystems Group, Inc. (a)(b) | 77 | 1,053 | ||||||
Vishay Intertechnology, Inc. (a)(b) | 2,791 | 37,009 | ||||||
Vishay Precision Group, Inc. (a) | 235 | 3,499 |
See accompanying notes to financial statements.
190
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Zygo Corp. (a) | 310 | $ | 4,582 | |||||
1,844,232 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.2% | ||||||||
Atwood Oceanics, Inc. (a)(b) | 1,208 | 64,495 | ||||||
Basic Energy Services, Inc. (a)(b) | 640 | 10,099 | ||||||
Bolt Technology Corp. | 155 | 3,411 | ||||||
Bristow Group, Inc. | 705 | 52,917 | ||||||
C&J Energy Services, Inc. (a) | 958 | 22,130 | ||||||
Cal Dive International, Inc. (a)(b) | 2,073 | 4,167 | ||||||
CARBO Ceramics, Inc. (b) | 441 | 51,390 | ||||||
Dawson Geophysical Co. (a) | 155 | 5,242 | ||||||
Dresser-Rand Group, Inc. (a) | 1,535 | 91,532 | ||||||
Dril-Quip, Inc. (a) | 788 | 86,625 | ||||||
Era Group, Inc. (a) | 388 | 11,974 | ||||||
Exterran Holdings, Inc. (a)(b) | 1,188 | 40,630 | ||||||
Forum Energy Technologies, Inc. (a) | 790 | 22,325 | ||||||
Frank’s International NV | 700 | 18,900 | ||||||
Geospace Technologies Corp. (a)(b) | 230 | 21,811 | ||||||
Global Geophysical Services, Inc. (a)(b) | 478 | 770 | ||||||
Gulf Island Fabrication, Inc. | 323 | 7,500 | ||||||
Gulfmark Offshore, Inc. (Class A) | 553 | 26,063 | ||||||
Helix Energy Solutions Group, Inc. (a) | 2,170 | 50,301 | ||||||
Hercules Offshore, Inc. (a) | 3,344 | 21,836 | ||||||
Hornbeck Offshore Services, Inc. (a) | 708 | 34,855 | ||||||
ION Geophysical Corp. (a)(b) | 2,786 | 9,194 | ||||||
Key Energy Services, Inc. (a) | 3,283 | 25,936 | ||||||
Matrix Service Co. (a) | 560 | 13,703 | ||||||
McDermott International, Inc. (a)(b) | 4,763 | 43,629 | ||||||
Mitcham Industries, Inc. (a) | 230 | 4,073 | ||||||
Natural Gas Services Group, Inc. (a) | 235 | 6,479 | ||||||
Newpark Resources, Inc. (a) | 1,838 | 22,589 | ||||||
Nuverra Environmental Solutions, Inc. (a)(b) | 302 | 5,070 | ||||||
Oceaneering International, Inc. | 2,172 | 171,327 | ||||||
Oil States International, Inc. (a) | 1,122 | 114,130 | ||||||
Parker Drilling Co. (a) | 2,561 | 20,821 | ||||||
Patterson-UTI Energy, Inc. | 2,962 | 74,998 | ||||||
PHI, Inc. (a)(b) | 233 | 10,112 | ||||||
Pioneer Energy Services Corp. (a) | 1,368 | 10,958 | ||||||
RigNet, Inc. (a) | 235 | 11,263 | ||||||
RPC, Inc. (b) | 1,299 | 23,187 | ||||||
SEACOR Holdings, Inc. (a)(b) | 391 | 35,659 | ||||||
Seadrill, Ltd. | 7,202 | 295,858 | ||||||
Superior Energy Services, Inc. (a) | 3,245 | 86,349 | ||||||
Tesco Corp. (a) | 638 | 12,620 | ||||||
Tetra Technologies, Inc. (a) | 1,680 | 20,765 | ||||||
TGC Industries, Inc. | 320 | 2,336 | ||||||
Tidewater, Inc. | 1,011 | 59,922 | ||||||
Unit Corp. (a) | 961 | 49,607 | ||||||
Vantage Drilling Co. (a)(b) | 4,319 | 7,947 | ||||||
Willbros Group, Inc. (a) | 885 | 8,337 | ||||||
1,795,842 | ||||||||
FOOD & STAPLES RETAILING — 0.6% | ||||||||
Arden Group, Inc. (Class A) | 26 | 3,289 | ||||||
Casey’s General Stores, Inc. (b) | 795 | 55,849 | ||||||
Fairway Group Holdings Corp. (a)(b) | 315 | 5,708 | ||||||
Harris Teeter Supermarkets, Inc. (b) | 1,035 | 51,077 | ||||||
Ingles Markets, Inc. (Class A) | 233 | 6,314 | ||||||
Natural Grocers by Vitamin Cottage, Inc. (a)(b) | 153 | 6,495 | ||||||
PriceSmart, Inc. | 412 | 47,602 | ||||||
Rite Aid Corp. (a) | 14,877 | 75,278 | ||||||
Roundy’s, Inc. | 565 | 5,571 | ||||||
Spartan Stores, Inc. | 765 | 18,574 | ||||||
Sprouts Farmers Market, Inc. (a)(b) | 400 | 15,372 | ||||||
SUPERVALU, Inc. (a)(b) | 4,311 | 31,427 | ||||||
Susser Holdings Corp. (a)(b) | 405 | 26,523 | ||||||
The Andersons, Inc. | 400 | 35,668 | ||||||
The Chefs’ Warehouse, Inc. (a)(b) | 325 | 9,477 | ||||||
The Fresh Market, Inc. (a)(b) | 784 | 31,752 | ||||||
The Pantry, Inc. (a) | 475 | 7,971 | ||||||
United Natural Foods, Inc. (a) | 1,027 | 77,426 | ||||||
Village Super Market, Inc. (Class A) | 165 | 5,117 | ||||||
Weis Markets, Inc. (b) | 240 | 12,614 | ||||||
529,104 | ||||||||
FOOD PRODUCTS — 1.7% | ||||||||
Alico, Inc. | 85 | 3,304 | ||||||
Annie’s, Inc. (a) | 225 | 9,684 | ||||||
B&G Foods, Inc. (b) | 1,113 | 37,742 | ||||||
Boulder Brands, Inc. (a)(b) | 1,280 | 20,301 | ||||||
Bunge, Ltd. | 3,011 | 247,233 | ||||||
Cal-Maine Foods, Inc. | 320 | 19,274 | ||||||
Calavo Growers, Inc. | 235 | 7,111 | ||||||
Chiquita Brands International, Inc. (a) | 950 | 11,115 | ||||||
Darling International, Inc. (a) | 3,166 | 66,106 | ||||||
Dean Foods Co. (a) | 1,966 | 33,796 | ||||||
Diamond Foods, Inc. (a)(b) | 480 | 12,403 | ||||||
Farmer Brothers Co. (a) | 170 | 3,954 | ||||||
Flowers Foods, Inc. | 3,481 | 74,737 | ||||||
Fresh Del Monte Produce, Inc. | 798 | 22,583 | ||||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 3,040 | 229,763 | ||||||
Griffin Land & Nurseries, Inc. (b) | 85 | 2,837 | ||||||
Hain Celestial Group, Inc. (a)(b) | 736 | 66,814 | ||||||
Hillshire Brands Co. | 2,550 | 85,272 | ||||||
Ingredion, Inc. | 1,586 | 108,578 | ||||||
Inventure Foods, Inc. (a) | 325 | 4,309 | ||||||
J&J Snack Foods Corp. | 320 | 28,349 | ||||||
John B Sanfilippo & Son, Inc. | 155 | 3,825 | ||||||
Lancaster Colony Corp. | 400 | 35,260 | ||||||
Lifeway Foods, Inc. (b) | 75 | 1,198 | ||||||
Limoneira Co. (b) | 245 | 6,515 | ||||||
Omega Protein Corp. (a) | 395 | 4,855 | ||||||
Pilgrim’s Pride Corp. (a) | 1,275 | 20,719 | ||||||
Pinnacle Foods, Inc. | 720 | 19,771 | ||||||
Post Holdings, Inc. (a) | 625 | 30,794 | ||||||
Sanderson Farms, Inc. | 475 | 34,357 | ||||||
Seaboard Corp. | 6 | 16,770 | ||||||
Seneca Foods Corp. (Class A) (a) | 155 | 4,943 | ||||||
Snyders-Lance, Inc. | 945 | 27,140 | ||||||
Tootsie Roll Industries, Inc. (b) | 395 | 12,853 | ||||||
TreeHouse Foods, Inc. (a) | 705 | 48,589 | ||||||
WhiteWave Foods Co. (Class A) (a) | 2,854 | 65,471 | ||||||
1,428,325 | ||||||||
GAS UTILITIES — 0.8% | ||||||||
Atmos Energy Corp. | 1,888 | 85,753 |
See accompanying notes to financial statements.
191
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Chesapeake Utilities Corp. | 150 | $ | 9,003 | |||||
Delta Natural Gas Co., Inc. (b) | 165 | 3,693 | ||||||
National Fuel Gas Co. | 1,474 | 105,243 | ||||||
New Jersey Resources Corp. (b) | 875 | 40,460 | ||||||
Northwest Natural Gas Co. | 555 | 23,765 | ||||||
Piedmont Natural Gas Co., Inc. | 1,537 | 50,967 | ||||||
Questar Corp. | 3,600 | 82,764 | ||||||
South Jersey Industries, Inc. | 630 | 35,255 | ||||||
Southwest Gas Corp. | 948 | 53,003 | ||||||
The Laclede Group, Inc. | 625 | 28,462 | ||||||
UGI Corp. | 2,271 | 94,156 | ||||||
WGL Holdings, Inc. | 1,094 | 43,826 | ||||||
656,350 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.4% | ||||||||
Abaxis, Inc. (a)(b) | 480 | 19,210 | ||||||
ABIOMED, Inc. (a) | 793 | 21,205 | ||||||
Accuray, Inc. (a)(b) | 1,603 | 13,962 | ||||||
Alere, Inc. (a) | 1,663 | 60,201 | ||||||
Align Technology, Inc. (a) | 1,508 | 86,182 | ||||||
Alphatec Holdings, Inc. (a) | 1,368 | 2,750 | ||||||
Analogic Corp. (b) | 235 | 20,812 | ||||||
AngioDynamics, Inc. (a) | 568 | 9,764 | ||||||
Anika Therapeutics, Inc. (a) | 235 | 8,968 | ||||||
Antares Pharma, Inc. (a)(b) | 2,391 | 10,712 | ||||||
ArthroCare Corp. (a) | 550 | 22,132 | ||||||
AtriCure, Inc. (a) | 488 | 9,116 | ||||||
Atrion Corp. | 32 | 9,480 | ||||||
Biolase, Inc. (a)(b) | 636 | 1,800 | ||||||
Cantel Medical Corp. | 624 | 21,160 | ||||||
Cardiovascular Systems, Inc. (a) | 488 | 16,733 | ||||||
Cerus Corp. (a)(b) | 1,523 | 9,823 | ||||||
CONMED Corp. | 550 | 23,375 | ||||||
CryoLife, Inc. | 553 | 6,133 | ||||||
Cutera, Inc. (a)(b) | 320 | 3,258 | ||||||
Cyberonics, Inc. (a) | 548 | 35,899 | ||||||
Cynosure, Inc. (Class A) (a) | 398 | 10,619 | ||||||
Derma Sciences, Inc. (a) | 325 | 3,516 | ||||||
DexCom, Inc. (a) | 1,418 | 50,211 | ||||||
Endologix, Inc. (a) | 1,363 | 23,771 | ||||||
Exactech, Inc. (a) | 250 | 5,940 | ||||||
GenMark Diagnostics, Inc. (a)(b) | 645 | 8,585 | ||||||
Globus Medical, Inc. (Class A) (a) | 1,108 | 22,359 | ||||||
Greatbatch, Inc. (a) | 470 | 20,793 | ||||||
Haemonetics Corp. (a)(b) | 1,025 | 43,183 | ||||||
HealthStream, Inc. (a) | 388 | 12,715 | ||||||
HeartWare International, Inc. (a)(b) | 313 | 29,409 | ||||||
Hill-Rom Holdings, Inc. (b) | 1,180 | 48,781 | ||||||
Hologic, Inc. (a)(b) | 5,515 | 123,260 | ||||||
ICU Medical, Inc. (a) | 230 | 14,653 | ||||||
IDEXX Laboratories, Inc. (a) | 1,112 | 118,283 | ||||||
Insulet Corp. (a)(b) | 1,113 | 41,292 | ||||||
Integra LifeSciences Holdings Corp. (a) | 493 | 23,521 | ||||||
Invacare Corp. | 728 | 16,897 | ||||||
Masimo Corp. (a)(b) | 1,038 | 30,341 | ||||||
Medical Action Industries, Inc. (a) | 320 | 2,739 | ||||||
Meridian Bioscience, Inc. (b) | 878 | 23,293 | ||||||
Merit Medical Systems, Inc. (a) | 871 | 13,709 | ||||||
Natus Medical, Inc. (a) | 638 | 14,355 | ||||||
Neogen Corp. (a) | 755 | 34,503 | ||||||
NuVasive, Inc. (a) | 863 | 27,901 | ||||||
NxStage Medical, Inc. (a)(b) | 1,280 | 12,800 | ||||||
OraSure Technologies, Inc. (a) | 1,203 | 7,567 | ||||||
Orthofix International NV (a) | 395 | 9,014 | ||||||
PhotoMedex, Inc. (a)(b) | 325 | 4,209 | ||||||
Quidel Corp. (a)(b) | 550 | 16,989 | ||||||
ResMed, Inc. (b) | 2,857 | 134,508 | ||||||
Rockwell Medical, Inc. (a)(b) | 790 | 8,248 | ||||||
RTI Surgical, Inc. (a)(b) | 1,198 | 4,241 | ||||||
Sirona Dental Systems, Inc. (a) | 1,119 | 78,554 | ||||||
Solta Medical, Inc. (a)(b) | 1,518 | 4,478 | ||||||
Spectranetics Corp. (a) | 883 | 22,075 | ||||||
Staar Surgical Co. (a) | 803 | 13,001 | ||||||
STERIS Corp. | 1,152 | 55,354 | ||||||
SurModics, Inc. (a) | 318 | 7,756 | ||||||
Symmetry Medical, Inc. (a) | 800 | 8,064 | ||||||
TearLab Corp. (a)(b) | 563 | 5,258 | ||||||
Teleflex, Inc. | 885 | 83,066 | ||||||
The Cooper Cos., Inc. | 966 | 119,629 | ||||||
Thoratec Corp. (a) | 1,193 | 43,664 | ||||||
Tornier NV (a) | 560 | 10,522 | ||||||
Unilife Corp. (a)(b) | 1,908 | 8,395 | ||||||
Utah Medical Products, Inc. | 80 | 4,573 | ||||||
Vascular Solutions, Inc. (a) | 310 | 7,176 | ||||||
Volcano Corp. (a)(b) | 1,108 | 24,210 | ||||||
West Pharmaceutical Services, Inc. | 1,430 | 70,156 | ||||||
Wright Medical Group, Inc. (a) | 883 | 27,117 | ||||||
Zeltiq Aesthetics, Inc. (a) | 405 | 7,659 | ||||||
1,975,587 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.0% | ||||||||
Acadia Healthcare Co., Inc. (a)(b) | 710 | 33,604 | ||||||
Accretive Health, Inc. (a) | 1,285 | 11,771 | ||||||
Addus HomeCare Corp. (a) | 70 | 1,572 | ||||||
Air Methods Corp. (a)(b) | 788 | 45,964 | ||||||
Alliance HealthCare Services, Inc. (a) | 75 | 1,855 | ||||||
Almost Family, Inc. (a) | 155 | 5,011 | ||||||
Amedisys, Inc. (a)(b) | 630 | 9,217 | ||||||
AMN Healthcare Services, Inc. (a) | 953 | 14,009 | ||||||
AmSurg Corp. (a) | 628 | 28,838 | ||||||
athenahealth, Inc. (a)(b) | 702 | 94,419 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 470 | 12,004 | ||||||
BioScrip, Inc. (a) | 1,288 | 9,531 | ||||||
Brookdale Senior Living, Inc. (a) | 1,977 | 53,735 | ||||||
Capital Senior Living Corp. (a)(b) | 645 | 15,474 | ||||||
Catamaran Corp. (a) | 4,196 | 199,226 | ||||||
Centene Corp. (a) | 1,108 | 65,317 | ||||||
Chemed Corp. (b) | 400 | 30,648 | ||||||
Chindex International, Inc. (a) | 235 | 4,096 | ||||||
Community Health Systems, Inc. (a) | 1,952 | 76,655 | ||||||
Corvel Corp. (a) | 240 | 11,208 | ||||||
Cross Country Healthcare, Inc. (a) | 555 | 5,539 | ||||||
Emeritus Corp. (a) | 885 | 19,143 | ||||||
Envision Healthcare Holdings, Inc. (a) | 1,000 | 35,520 | ||||||
ExamWorks Group, Inc. (a)(b) | 638 | 19,057 | ||||||
Five Star Quality Care, Inc. (a) | 870 | 4,776 | ||||||
Gentiva Health Services, Inc. (a) | 633 | 7,856 | ||||||
Hanger, Inc. (a) | 715 | 28,128 | ||||||
HCA Holdings, Inc. (a) | 5,464 | 260,687 |
See accompanying notes to financial statements.
192
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Health Management Associates, Inc. (Class A) (a) | 5,309 | $ | 69,548 | |||||
Health Net, Inc. (a) | 1,656 | 49,134 | ||||||
HealthSouth Corp. | 1,733 | 57,744 | ||||||
Healthways, Inc. (a)(b) | 713 | 10,945 | ||||||
Henry Schein, Inc. (a) | 1,733 | 198,013 | ||||||
HMS Holdings Corp. (a)(b) | 1,866 | 42,414 | ||||||
IPC The Hospitalist Co. (a)(b) | 310 | 18,411 | ||||||
Kindred Healthcare, Inc. | 1,110 | 21,911 | ||||||
Landauer, Inc. (b) | 150 | 7,891 | ||||||
LHC Group, Inc. (a) | 235 | 5,649 | ||||||
LifePoint Hospitals, Inc. (a) | 1,004 | 53,051 | ||||||
Magellan Health Services, Inc. (a) | 555 | 33,250 | ||||||
MEDNAX, Inc. (a) | 2,266 | 120,959 | ||||||
Molina Healthcare, Inc. (a)(b) | 548 | 19,043 | ||||||
MWI Veterinary Supply, Inc. (a) | 284 | 48,448 | ||||||
National Healthcare Corp. (b) | 241 | 12,992 | ||||||
National Research Corp. (Class A) (a) | 248 | 4,667 | ||||||
Omnicare, Inc. | 2,136 | 128,929 | ||||||
Owens & Minor, Inc. (b) | 1,247 | 45,590 | ||||||
PharMerica Corp. (a) | 640 | 13,760 | ||||||
Premier, Inc. (Class A) (a) | 700 | 25,732 | ||||||
Select Medical Holdings Corp. | 1,040 | 12,074 | ||||||
Skilled Healthcare Group, Inc. (Class A) (a) | 395 | 1,900 | ||||||
Surgical Care Affiliates, Inc. (a)(b) | 200 | 6,968 | ||||||
Team Health Holdings, Inc. (a) | 1,359 | 61,902 | ||||||
The Ensign Group, Inc. | 395 | 17,487 | ||||||
The Providence Service Corp. (a) | 245 | 6,301 | ||||||
Triple-S Management Corp. (Class B) (a) | 473 | 9,195 | ||||||
Universal American Corp. (b) | 795 | 5,803 | ||||||
Universal Health Services, Inc. (Class B) | 1,830 | 148,706 | ||||||
US Physical Therapy, Inc. | 235 | 8,286 | ||||||
USMD Holdings, Inc. (a)(b) | 24 | 483 | ||||||
VCA Antech, Inc. (a) | 1,821 | 57,107 | ||||||
WellCare Health Plans, Inc. (a) | 871 | 61,336 | ||||||
2,490,489 | ||||||||
HEALTH CARE TECHNOLOGY — 0.2% | ||||||||
Allscripts Healthcare Solutions, Inc. (a) | 3,646 | 56,367 | ||||||
Computer Programs and Systems, Inc. (b) | 240 | 14,834 | ||||||
MedAssets, Inc. (a) | 1,273 | 25,244 | ||||||
Medidata Solutions, Inc. (a) | 1,116 | 67,596 | ||||||
Merge Healthcare, Inc. (a) | 1,350 | 3,132 | ||||||
Omnicell, Inc. (a) | 715 | 18,254 | ||||||
Veeva Systems, Inc. (Class A) (a)(b) | 300 | 9,630 | ||||||
Vocera Communications, Inc. (a)(b) | 483 | 7,540 | ||||||
202,597 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 3.2% | ||||||||
AFC Enterprises, Inc. (a) | 468 | 18,018 | ||||||
Bally Technologies, Inc. (a)(b) | 794 | 62,289 | ||||||
Biglari Holdings, Inc. (a) | 30 | 15,199 | ||||||
BJ’s Restaurants, Inc. (a)(b) | 468 | 14,536 | ||||||
Bloomin’ Brands, Inc. (a) | 1,203 | 28,884 | ||||||
Bob Evans Farms, Inc. | 550 | 27,824 | ||||||
Boyd Gaming Corp. (a)(b) | 1,498 | 16,867 | ||||||
Bravo Brio Restaurant Group, Inc. (a) | 395 | 6,427 | ||||||
Brinker International, Inc. | 1,341 | 62,142 | ||||||
Buffalo Wild Wings, Inc. (a) | 400 | 58,880 | ||||||
Burger King Worldwide, Inc. | 2,041 | 46,657 | ||||||
Caesars Entertainment Corp. (a)(b) | 798 | 17,189 | ||||||
Carrols Restaurant Group, Inc. (a)(b) | 473 | 3,127 | ||||||
CEC Entertainment, Inc. | 305 | 13,505 | ||||||
Choice Hotels International, Inc. (b) | 547 | 26,863 | ||||||
Churchill Downs, Inc. | 325 | 29,136 | ||||||
Chuy’s Holdings, Inc. (a)(b) | 313 | 11,274 | ||||||
ClubCorp Holdings, Inc. (b) | 400 | 7,096 | ||||||
Cracker Barrel Old Country Store, Inc. | 395 | 43,478 | ||||||
Del Frisco’s Restaurant Group, Inc. (a) | 243 | 5,728 | ||||||
Denny’s Corp. (a)(b) | 1,908 | 13,719 | ||||||
Diamond Resorts International, Inc. (a) | 400 | 7,384 | ||||||
DineEquity, Inc. | 310 | 25,900 | ||||||
Diversified Restaurant Holdings, Inc. (a)(b) | 243 | 1,159 | ||||||
Domino’s Pizza, Inc. | 1,098 | 76,476 | ||||||
Dunkin’ Brands Group, Inc. (b) | 2,164 | 104,305 | ||||||
Einstein Noah Restaurant Group, Inc. | 165 | 2,392 | ||||||
Fiesta Restaurant Group, Inc. (a) | 395 | 20,635 | ||||||
Hyatt Hotels Corp. (Class A) (a)(b) | 860 | 42,536 | ||||||
Ignite Restaurant Group, Inc. (a)(b) | 160 | 2,000 | ||||||
International Speedway Corp. (Class A) | 550 | 19,519 | ||||||
Interval Leisure Group, Inc. (b) | 790 | 24,411 | ||||||
Isle of Capri Casinos, Inc. (a) | 485 | 4,365 | ||||||
Jack in the Box, Inc. (a) | 858 | 42,917 | ||||||
Jamba, Inc. (a)(b) | 310 | 3,853 | ||||||
Krispy Kreme Doughnuts, Inc. (a)(b) | 1,348 | 26,003 | ||||||
Las Vegas Sands Corp. | 7,979 | 629,304 | ||||||
Life Time Fitness, Inc. (a)(b) | 870 | 40,890 | ||||||
Luby’s, Inc. (a) | 393 | 3,034 | ||||||
Marcus Corp. | 400 | 5,376 | ||||||
Marriott Vacations Worldwide Corp. (a) | 545 | 28,754 | ||||||
MGM Resorts International (a) | 7,590 | 178,517 | ||||||
Monarch Casino & Resort, Inc. (a) | 155 | 3,112 | ||||||
Morgans Hotel Group Co. (a)(b) | 558 | 4,537 | ||||||
Multimedia Games Holding Co., Inc. (a) | 645 | 20,227 | ||||||
Nathan’s Famous, Inc. (a) | 85 | 4,285 | ||||||
Noodles & Co. (a) | 100 | 3,592 | ||||||
Norwegian Cruise Line Holdings, Ltd. (a) | 555 | 19,686 | ||||||
Orient-Express Hotels, Ltd. (Class A) (a) | 1,888 | 28,528 | ||||||
Panera Bread Co. (Class A) (a) | 572 | 101,067 | ||||||
Papa John’s International, Inc. | 630 | 28,602 | ||||||
Penn National Gaming, Inc. (a)(b) | 1,479 | 21,194 | ||||||
Pinnacle Entertainment, Inc. (a) | 1,188 | 30,876 | ||||||
Red Robin Gourmet Burgers, Inc. (a)(b) | 325 | 23,900 | ||||||
Royal Caribbean Cruises, Ltd. | 3,321 | 157,482 | ||||||
Ruby Tuesday, Inc. (a) | 1,273 | 8,822 | ||||||
Ruth’s Hospitality Group, Inc. | 808 | 11,482 | ||||||
Scientific Games Corp. (Class A) (a) | 1,043 | 17,658 | ||||||
SeaWorld Entertainment, Inc. | 679 | 19,535 | ||||||
Six Flags Entertainment Corp. | 1,355 | 49,891 | ||||||
Sonic Corp. (a) | 1,198 | 24,188 | ||||||
Speedway Motorsports, Inc. | 238 | 4,724 | ||||||
Texas Roadhouse, Inc. | 1,265 | 35,167 | ||||||
The Cheesecake Factory, Inc. | 1,113 | 53,725 | ||||||
The Wendy’s Co. (b) | 5,779 | 50,393 |
See accompanying notes to financial statements.
193
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Town Sports International Holdings, Inc. | 470 | $ | 6,937 | |||||
Vail Resorts, Inc. (b) | 708 | 53,263 | ||||||
2,601,441 | ||||||||
HOUSEHOLD DURABLES — 1.2% | ||||||||
Bassett Furniture Industries, Inc. | 240 | 3,667 | ||||||
Beazer Homes USA, Inc. (a) | 565 | 13,797 | ||||||
Blyth, Inc. (b) | 150 | 1,632 | ||||||
Cavco Industries, Inc. (a) | 163 | 11,198 | ||||||
CSS Industries, Inc. | 155 | 4,445 | ||||||
Ethan Allen Interiors, Inc. | 563 | 17,126 | ||||||
EveryWare Global, Inc. (a) | 248 | 2,053 | ||||||
Flexsteel Industries, Inc. (b) | 75 | 2,305 | ||||||
Helen of Troy, Ltd. (a) | 630 | 31,191 | ||||||
Hooker Furniture Corp. | 243 | 4,053 | ||||||
Hovnanian Enterprises, Inc. (Class A) (a) | 2,393 | 15,842 | ||||||
iRobot Corp. (a)(b) | 550 | 19,124 | ||||||
Jarden Corp. (a) | 2,555 | 156,749 | ||||||
KB Home (b) | 1,753 | 32,045 | ||||||
La-Z-Boy, Inc. | 1,120 | 34,720 | ||||||
Libbey, Inc. (a) | 488 | 10,248 | ||||||
Lifetime Brands, Inc. | 245 | 3,854 | ||||||
M.D.C. Holdings, Inc. (b) | 790 | 25,470 | ||||||
M/I Homes, Inc. (a) | 570 | 14,507 | ||||||
Meritage Homes Corp. (a) | 705 | 33,833 | ||||||
NACCO Industries, Inc. (Class A) | 75 | 4,664 | ||||||
NVR, Inc. (a) | 96 | 98,497 | ||||||
Skullcandy, Inc. (a) | 405 | 2,920 | ||||||
Standard Pacific Corp. (a)(b) | 3,106 | 28,109 | ||||||
Taylor Morrison Home Corp. (Class A) (a) | 672 | 15,086 | ||||||
Tempur Sealy International, Inc. (a)(b) | 1,206 | 65,076 | ||||||
The Ryland Group, Inc. (b) | 953 | 41,370 | ||||||
Toll Brothers, Inc. (a)(b) | 3,421 | 126,577 | ||||||
TRI Pointe Homes, Inc. (a) | 320 | 6,378 | ||||||
Tupperware Brands Corp. (b) | 1,092 | 103,227 | ||||||
UCP, Inc. (Class A) (a)(b) | 200 | 2,928 | ||||||
Universal Electronics, Inc. (a) | 320 | 12,195 | ||||||
WCI Communities, Inc. (a) | 100 | 1,909 | ||||||
William Lyon Homes (Class A) (a) | 325 | 7,196 | ||||||
Zagg, Inc. (a)(b) | 635 | 2,762 | ||||||
956,753 | ||||||||
HOUSEHOLD PRODUCTS — 0.5% | ||||||||
Central Garden & Pet Co. (Class A) (a)(b) | 875 | 5,906 | ||||||
Church & Dwight Co., Inc. | 2,856 | 189,296 | ||||||
Energizer Holdings, Inc. | 1,283 | 138,872 | ||||||
Harbinger Group, Inc. (a)(b) | 723 | 8,567 | ||||||
Oil-Dri Corp. of America | 75 | 2,838 | ||||||
Orchids Paper Products Co. (b) | 170 | 5,583 | ||||||
Spectrum Brands Holdings, Inc. | 385 | 27,162 | ||||||
WD-40 Co. | 315 | 23,524 | ||||||
401,748 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.3% | ||||||||
Atlantic Power Corp. (b) | 2,558 | 8,902 | ||||||
Calpine Corp. (a) | 8,080 | 157,641 | ||||||
Dynegy, Inc. (a)(b) | 2,063 | 44,396 | ||||||
Genie Energy, Ltd. (Class B) (a) | 230 | 2,348 | ||||||
Ormat Technologies, Inc. | 405 | 11,020 | ||||||
Pattern Energy Group, Inc. | 400 | 12,124 | ||||||
236,431 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.2% | ||||||||
Carlisle Cos., Inc. | 1,250 | 99,250 | ||||||
Raven Industries, Inc. (b) | 705 | 29,004 | ||||||
128,254 | ||||||||
INSURANCE — 4.2% | ||||||||
Alleghany Corp. (a) | 343 | 137,186 | ||||||
Allied World Assurance Company Holdings, Ltd. | 666 | 75,131 | ||||||
Ambac Financial Group, Inc. (a) | 958 | 23,528 | ||||||
American Equity Investment Life Holding Co. (b) | 1,358 | 35,824 | ||||||
American Financial Group, Inc. | 1,583 | 91,371 | ||||||
American National Insurance Co. | 179 | 20,503 | ||||||
AMERISAFE, Inc. | 400 | 16,896 | ||||||
Amtrust Financial Services, Inc. (b) | 614 | 20,072 | ||||||
Arch Capital Group, Ltd. (a) | 2,681 | 160,029 | ||||||
Argo Group International Holdings, Ltd. | 555 | 25,802 | ||||||
Arthur J. Gallagher & Co. | 2,559 | 120,094 | ||||||
Aspen Insurance Holdings, Ltd. | 1,316 | 54,364 | ||||||
Assured Guaranty, Ltd. | 3,451 | 81,409 | ||||||
Axis Capital Holdings, Ltd. | 2,463 | 117,165 | ||||||
Baldwin & Lyons, Inc. (Class B) | 150 | 4,098 | ||||||
Brown & Brown, Inc. | 2,355 | 73,923 | ||||||
Citizens, Inc. (a)(b) | 968 | 8,470 | ||||||
CNA Financial Corp. | 560 | 24,018 | ||||||
CNO Financial Group, Inc. | 4,504 | 79,676 | ||||||
Crawford & Co. (Class B) | 560 | 5,174 | ||||||
Donegal Group, Inc. (Class A) | 160 | 2,544 | ||||||
Eastern Insurance Holdings, Inc. (b) | 165 | 4,041 | ||||||
eHealth, Inc. (a)(b) | 395 | 18,364 | ||||||
EMC Insurance Group, Inc. | 75 | 2,297 | ||||||
Employers Holdings, Inc. | 635 | 20,098 | ||||||
Endurance Specialty Holdings, Ltd. | 870 | 51,043 | ||||||
Enstar Group, Ltd. (a) | 150 | 20,836 | ||||||
Erie Indemnity Co. (Class A) | 489 | 35,756 | ||||||
Everest Re Group, Ltd. | 983 | 153,220 | ||||||
FBL Financial Group, Inc. (Class A) | 153 | 6,853 | ||||||
Fidelity National Financial, Inc. (Class A) (b) | 5,021 | 162,931 | ||||||
First American Financial Corp. (b) | 2,153 | 60,715 | ||||||
Fortegra Financial Corp. (a) | 136 | 1,125 | ||||||
Global Indemnity PLC (a) | 150 | 3,795 | ||||||
Greenlight Capital Re, Ltd. (Class A) (a) | 550 | 18,541 | ||||||
Hallmark Financial Services, Inc. (a) | 325 | 2,888 | ||||||
HCC Insurance Holdings, Inc. | 1,994 | 92,003 | ||||||
HCI Group, Inc. (b) | 150 | 8,025 | ||||||
Health Insurance Innovations, Inc. (Class A) (a) | 98 | 991 | ||||||
Hilltop Holdings, Inc. (a) | 1,268 | 29,329 | ||||||
Horace Mann Educators Corp. | 788 | 24,854 | ||||||
Independence Holding Co. (b) | 158 | 2,131 | ||||||
Infinity Property & Casualty Corp. | 240 | 17,220 |
See accompanying notes to financial statements.
194
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Investors Title Co. (b) | 30 | $ | 2,429 | |||||
Kansas City Life Insurance Co. | 80 | 3,819 | ||||||
Kemper Corp. | 945 | 38,632 | ||||||
Maiden Holdings, Ltd. | 1,033 | 11,291 | ||||||
Markel Corp. (a) | 281 | 163,078 | ||||||
MBIA, Inc. (a) | 3,039 | 36,286 | ||||||
Meadowbrook Insurance Group, Inc. (b) | 1,033 | 7,190 | ||||||
Mercury General Corp. | 571 | 28,384 | ||||||
Montpelier Re Holdings, Ltd. | 953 | 27,732 | ||||||
National Interstate Corp. | 165 | 3,795 | ||||||
National Western Life Insurance Co. (Class A) | 47 | 10,507 | ||||||
Old Republic International Corp. | 5,326 | 91,980 | ||||||
OneBeacon Insurance Group, Ltd. (Class A) | 480 | 7,594 | ||||||
PartnerRe, Ltd. | 1,053 | 111,018 | ||||||
Platinum Underwriters Holdings, Ltd. | 634 | 38,852 | ||||||
Primerica, Inc. | 1,195 | 51,277 | ||||||
ProAssurance Corp. | 1,272 | 61,667 | ||||||
Protective Life Corp. | 1,620 | 82,069 | ||||||
Reinsurance Group of America, Inc. | 1,457 | 112,786 | ||||||
RenaissanceRe Holdings, Ltd. | 903 | 87,898 | ||||||
RLI Corp. (b) | 385 | 37,491 | ||||||
Safety Insurance Group, Inc. | 230 | 12,949 | ||||||
Selective Insurance Group, Inc. | 1,103 | 29,847 | ||||||
StanCorp Financial Group, Inc. | 863 | 57,174 | ||||||
State Auto Financial Corp. | 320 | 6,797 | ||||||
Stewart Information Services Corp. (b) | 485 | 15,651 | ||||||
Symetra Financial Corp. | 1,663 | 31,530 | ||||||
The Hanover Insurance Group, Inc. | 865 | 51,649 | ||||||
The Navigators Group, Inc. (a) | 245 | 15,474 | ||||||
The Phoenix Cos., Inc. (a) | 70 | 4,298 | ||||||
Third Point Reinsurance, Ltd. (a) | 500 | 9,265 | ||||||
Tower Group International, Ltd. (b) | 1,193 | 4,032 | ||||||
United Fire Group, Inc. | 390 | 11,177 | ||||||
Universal Insurance Holdings, Inc. | 643 | 9,311 | ||||||
Validus Holdings, Ltd. | 2,085 | 84,005 | ||||||
W.R. Berkley Corp. | 2,160 | 93,722 | ||||||
White Mountains Insurance Group, Ltd. | 128 | 77,194 | ||||||
3,444,183 | ||||||||
INTERNET & CATALOG RETAIL — 0.9% | ||||||||
1-800-FLOWERS.COM, Inc. (Class A) (a) | 560 | 3,030 | ||||||
Blue Nile, Inc. (a)(b) | 235 | 11,066 | ||||||
FTD Cos., Inc. (a) | 400 | 13,032 | ||||||
Groupon, Inc. (a) | 8,589 | 101,093 | ||||||
HomeAway, Inc. (a)(b) | 1,216 | 49,710 | ||||||
HSN, Inc. | 645 | 40,183 | ||||||
Liberty Interactive Corp. (Class A) (a) | 10,858 | 318,682 | ||||||
Liberty Ventures, (Series A) (a) | 703 | 86,181 | ||||||
NutriSystem, Inc. | 645 | 10,604 | ||||||
Orbitz Worldwide, Inc. (a) | 470 | 3,375 | ||||||
Overstock.com, Inc. (a) | 240 | 7,390 | ||||||
PetMed Express, Inc. | 391 | 6,502 | ||||||
RetailMeNot, Inc. (a)(b) | 200 | 5,758 | ||||||
Shutterfly, Inc. (a)(b) | 795 | 40,489 | ||||||
ValueVision Media, Inc. (Class A) (a) | 790 | 5,522 | ||||||
Vitacost.com, Inc. (a) | 481 | 2,785 | ||||||
zulily, Inc. (Class A) (a) | 300 | 12,429 | ||||||
717,831 | ||||||||
INTERNET SOFTWARE & SERVICES — 2.5% | ||||||||
Angie’s List, Inc. (a)(b) | 873 | 13,226 | ||||||
AOL, Inc. (a) | 1,607 | 74,918 | ||||||
Bankrate, Inc. (a)(b) | 953 | 17,097 | ||||||
Bazaarvoice, Inc. (a)(b) | 1,043 | 8,261 | ||||||
Benefitfocus, Inc. (a) | 100 | 5,774 | ||||||
Blucora, Inc. (a) | 880 | 25,661 | ||||||
Brightcove, Inc. (a) | 550 | 7,777 | ||||||
Carbonite, Inc. (a) | 235 | 2,780 | ||||||
ChannelAdvisor Corp. (a)(b) | 170 | 7,091 | ||||||
comScore, Inc. (a) | 708 | 20,256 | ||||||
Constant Contact, Inc. (a) | 635 | 19,729 | ||||||
Cornerstone OnDemand, Inc. (a)(b) | 783 | 41,765 | ||||||
CoStar Group, Inc. (a) | 623 | 114,993 | ||||||
Cvent, Inc. (a)(b) | 100 | 3,639 | ||||||
Dealertrack Technologies, Inc. (a) | 866 | 41,637 | ||||||
Demand Media, Inc. (a)(b) | 805 | 4,645 | ||||||
Demandware, Inc. (a) | 415 | 26,610 | ||||||
Dice Holdings, Inc. (a)(b) | 883 | 6,402 | ||||||
Digital River, Inc. (a) | 710 | 13,135 | ||||||
E2open, Inc. (a)(b) | 320 | 7,651 | ||||||
EarthLink, Inc. | 2,148 | 10,890 | ||||||
eGain Corp. (a)(b) | 230 | 2,355 | ||||||
Endurance International Group Holdings, Inc. (a) | 400 | 5,672 | ||||||
Envestnet, Inc. (a) | 480 | 19,344 | ||||||
Equinix, Inc. (a) | 979 | 173,724 | ||||||
Global Eagle Entertainment, Inc. (a) | 485 | 7,212 | ||||||
Gogo, Inc. (a)(b) | 200 | 4,962 | ||||||
IAC/InterActiveCorp. | 1,514 | 103,997 | ||||||
Internap Network Services Corp. (a) | 1,113 | 8,370 | ||||||
IntraLinks Holdings, Inc. (a) | 795 | 9,627 | ||||||
j2 Global, Inc. (b) | 953 | 47,660 | ||||||
Limelight Networks, Inc. (a) | 1,113 | 2,204 | ||||||
LinkedIn Corp. (Class A) (a) | 1,978 | 428,890 | ||||||
Liquidity Services, Inc. (a)(b) | 565 | 12,803 | ||||||
LivePerson, Inc. (a)(b) | 1,205 | 17,858 | ||||||
LogMeIn, Inc. (a)(b) | 470 | 15,769 | ||||||
Marchex, Inc. (Class B) | 480 | 4,152 | ||||||
Marin Software, Inc. (a) | 150 | 1,536 | ||||||
Marketo, Inc. (a) | 163 | 6,042 | ||||||
Millennial Media, Inc. (a)(b) | 710 | 5,162 | ||||||
Monster Worldwide, Inc. (a) | 2,071 | 14,766 | ||||||
Move, Inc. (a) | 885 | 14,151 | ||||||
Net Element International, Inc. (a)(b) | 49 | 214 | ||||||
NIC, Inc. | 1,353 | 33,649 | ||||||
OpenTable, Inc. (a) | 478 | 37,939 | ||||||
Pandora Media, Inc. (a) | 2,908 | 77,353 | ||||||
Perficient, Inc. (a) | 720 | 16,862 | ||||||
QuinStreet, Inc. (a) | 628 | 5,457 | ||||||
Rackspace Hosting, Inc. (a)(b) | 2,293 | 89,725 | ||||||
RealNetworks, Inc. (a) | 480 | 3,624 | ||||||
Reis, Inc. (a) | 155 | 2,981 | ||||||
Responsys, Inc. (a) | 803 | 22,010 | ||||||
Rocket Fuel, Inc. (a)(b) | 100 | 6,149 | ||||||
SciQuest, Inc. (a)(b) | 478 | 13,613 | ||||||
Shutterstock, Inc. (a)(b) | 160 | 13,381 |
See accompanying notes to financial statements.
195
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Spark Networks, Inc. (a)(b) | 405 | $ | 2,495 | |||||
SPS Commerce, Inc. (a) | 320 | 20,896 | ||||||
Stamps.com, Inc. (a) | 230 | 9,683 | ||||||
support.com, Inc. (a) | 1,030 | 3,904 | ||||||
TechTarget, Inc. (a)(b) | 302 | 2,072 | ||||||
Textura Corp. (a)(b) | 100 | 2,994 | ||||||
Travelzoo, Inc. (a)(b) | 158 | 3,369 | ||||||
Trulia, Inc. (a)(b) | 543 | 19,152 | ||||||
Twitter, Inc. (a)(b) | 1,600 | 101,840 | ||||||
United Online, Inc. (b) | 286 | 3,935 | ||||||
Unwired Planet, Inc. (a) | 1,908 | 2,633 | ||||||
ValueClick, Inc. (a)(b) | 1,393 | 32,554 | ||||||
VistaPrint NV (a) | 625 | 35,531 | ||||||
Vocus, Inc. (a)(b) | 400 | 4,556 | ||||||
Web.com Group, Inc. (a) | 875 | 27,816 | ||||||
WebMD Health Corp. (a)(b) | 608 | 24,016 | ||||||
XO Group, Inc. (a) | 555 | 8,247 | ||||||
Xoom Corp. (a) | 160 | 4,379 | ||||||
Yelp, Inc. (a) | 640 | 44,128 | ||||||
Zillow, Inc. (Class A) (a)(b) | 490 | 40,048 | ||||||
Zix Corp. (a)(b) | 1,268 | 5,782 | ||||||
2,103,180 | ||||||||
IT SERVICES — 2.5% | ||||||||
Acxiom Corp. (a) | 1,503 | 55,581 | ||||||
Amdocs, Ltd. | 3,236 | 133,453 | ||||||
Blackhawk Network Holdings, Inc. (a)(b) | 240 | 6,062 | ||||||
Booz Allen Hamilton Holding Corp. | 675 | 12,926 | ||||||
Broadridge Financial Solutions, Inc. | 2,431 | 96,073 | ||||||
CACI International, Inc. (Class A) (a)(b) | 475 | 34,780 | ||||||
Cardtronics, Inc. (a) | 860 | 37,367 | ||||||
Cass Information Systems, Inc. (b) | 245 | 16,501 | ||||||
CIBER, Inc. (a) | 1,600 | 6,624 | ||||||
Computer Task Group, Inc. | 315 | 5,954 | ||||||
Convergys Corp. | 2,138 | 45,005 | ||||||
CoreLogic, Inc. (a) | 1,988 | 70,634 | ||||||
CSG Systems International, Inc. | 718 | 21,109 | ||||||
DST Systems, Inc. | 652 | 59,162 | ||||||
EPAM Systems, Inc. (a) | 483 | 16,876 | ||||||
Euronet Worldwide, Inc. (a) | 1,033 | 49,429 | ||||||
EVERTEC, Inc. | 638 | 15,733 | ||||||
ExlService Holdings, Inc. (a) | 725 | 20,025 | ||||||
FleetCor Technologies, Inc. (a) | 1,396 | 163,569 | ||||||
Forrester Research, Inc. | 233 | 8,915 | ||||||
Gartner, Inc. (a) | 1,910 | 135,705 | ||||||
Genpact, Ltd. (a) | 3,435 | 63,101 | ||||||
Global Cash Access Holdings, Inc. (a) | 1,445 | 14,436 | ||||||
Global Payments, Inc. | 1,550 | 100,734 | ||||||
Heartland Payment Systems, Inc. (b) | 705 | 35,137 | ||||||
Higher One Holdings, Inc. (a) | 628 | 6,129 | ||||||
iGate Corp. (a) | 713 | 28,634 | ||||||
Jack Henry & Associates, Inc. | 1,734 | 102,670 | ||||||
Leidos Holdings, Inc. | 1,500 | 69,735 | ||||||
Lender Processing Services, Inc. | 1,807 | 67,546 | ||||||
Lionbridge Technologies, Inc. (a) | 1,288 | 7,676 | ||||||
Luxoft Holding, Inc. (a) | 100 | 3,798 | ||||||
ManTech International Corp. (Class A) | 473 | 14,157 | ||||||
MAXIMUS, Inc. | 1,433 | 63,038 | ||||||
ModusLink Global Solutions, Inc. (a) | 798 | 4,573 | ||||||
MoneyGram International, Inc. (a) | 485 | 10,078 | ||||||
NeuStar, Inc. (Class A) (a)(b) | 1,361 | 67,859 | ||||||
Planet Payment, Inc. (a) | 873 | 2,427 | ||||||
PRGX Global, Inc. (a) | 645 | 4,334 | ||||||
Sapient Corp. (a) | 2,308 | 40,067 | ||||||
Science Applications International Corp. | 814 | 26,919 | ||||||
ServiceSource International, Inc. (a) | 1,273 | 10,668 | ||||||
Sykes Enterprises, Inc. (a) | 790 | 17,230 | ||||||
Syntel, Inc. | 352 | 32,014 | ||||||
TeleTech Holdings, Inc. (a) | 395 | 9,456 | ||||||
The Hackett Group, Inc. | 560 | 3,478 | ||||||
Unisys Corp. (a) | 863 | 28,971 | ||||||
Vantiv, Inc. (a)(b) | 1,779 | 58,013 | ||||||
VeriFone Systems, Inc. (a) | 2,188 | 58,682 | ||||||
Virtusa Corp. (a) | 390 | 14,855 | ||||||
WEX, Inc. (a) | 793 | 78,531 | ||||||
2,056,429 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.5% | ||||||||
Arctic Cat, Inc. | 230 | 13,105 | ||||||
Black Diamond, Inc. (a) | 480 | 6,398 | ||||||
Brunswick Corp. | 1,813 | 83,507 | ||||||
Callaway Golf Co. | 1,518 | 12,797 | ||||||
JAKKS Pacific, Inc. (b) | 395 | 2,658 | ||||||
Johnson Outdoors, Inc. (Class A) | 75 | 2,021 | ||||||
Leapfrog Enterprises, Inc. (a)(b) | 1,358 | 10,783 | ||||||
Marine Products Corp. | 245 | 2,462 | ||||||
Nautilus, Inc. (a) | 635 | 5,353 | ||||||
Polaris Industries, Inc. | 1,315 | 191,517 | ||||||
Smith & Wesson Holding Corp. (a)(b) | 1,066 | 14,380 | ||||||
Sturm Ruger & Co, Inc. (b) | 395 | 28,871 | ||||||
373,852 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 1.1% | ||||||||
Accelerate Diagnostics, Inc. (a)(b) | 245 | 2,989 | ||||||
Affymetrix, Inc. (a) | 1,518 | 13,009 | ||||||
Albany Molecular Research, Inc. (a)(b) | 475 | 4,788 | ||||||
Bio-Rad Laboratories, Inc. (Class A) (a) | 376 | 46,478 | ||||||
Bruker Corp. (a) | 2,238 | 44,245 | ||||||
Cambrex Corp. (a) | 640 | 11,411 | ||||||
Charles River Laboratories International, Inc. (a) | 955 | 50,653 | ||||||
Covance, Inc. (a) | 1,122 | 98,803 | ||||||
Fluidigm Corp. (a)(b) | 565 | 21,651 | ||||||
Furiex Pharmaceuticals, Inc. (a)(b) | 165 | 6,932 | ||||||
Harvard Bioscience, Inc. (a) | 563 | 2,646 | ||||||
Illumina, Inc. (a)(b) | 2,497 | 276,218 | ||||||
Luminex Corp. (a) | 800 | 15,520 | ||||||
NeoGenomics, Inc. (a) | 725 | 2,625 | ||||||
Pacific Biosciences of California, Inc. (a)(b) | 960 | 5,021 | ||||||
PAREXEL International Corp. (a) | 1,195 | 53,990 | ||||||
Qiagen NV (a) | 4,746 | 113,002 | ||||||
Quintiles Transnational Holdings, Inc. (a) | 577 | 26,738 | ||||||
Sequenom, Inc. (a)(b) | 2,483 | 5,810 | ||||||
Techne Corp. | 725 | 68,636 | ||||||
871,165 | ||||||||
See accompanying notes to financial statements.
196
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
MACHINERY — 3.8% | ||||||||
Accuride Corp. (a)(b) | 885 | $ | 3,301 | |||||
Actuant Corp. (Class A) (b) | 1,508 | 55,253 | ||||||
AGCO Corp. | 1,942 | 114,947 | ||||||
Alamo Group, Inc. | 160 | 9,710 | ||||||
Albany International Corp. (Class A) | 550 | 19,762 | ||||||
Altra Industrial Motion Corp. (b) | 555 | 18,992 | ||||||
American Railcar Industries, Inc. | 150 | 6,863 | ||||||
Ampco-Pittsburgh Corp. | 155 | 3,015 | ||||||
Astec Industries, Inc. (b) | 390 | 15,066 | ||||||
Barnes Group, Inc. (b) | 1,113 | 42,639 | ||||||
Blount International, Inc. (a) | 1,035 | 14,976 | ||||||
Briggs & Stratton Corp. | 1,041 | 22,652 | ||||||
Chart Industries, Inc. (a)(b) | 638 | 61,018 | ||||||
CIRCOR International, Inc. | 305 | 24,638 | ||||||
CLARCOR, Inc. | 1,034 | 66,538 | ||||||
Colfax Corp. (a) | 1,753 | 111,649 | ||||||
Columbus McKinnon Corp. (a) | 395 | 10,720 | ||||||
Commercial Vehicle Group, Inc. (a)(b) | 470 | 3,417 | ||||||
Crane Co. | 962 | 64,694 | ||||||
Donaldson Co., Inc. | 2,955 | 128,424 | ||||||
Douglas Dynamics, Inc. | 480 | 8,074 | ||||||
Dynamic Materials Corp. | 325 | 7,066 | ||||||
Energy Recovery, Inc. (a)(b) | 963 | 5,354 | ||||||
EnPro Industries, Inc. (a)(b) | 388 | 22,368 | ||||||
ESCO Technologies, Inc. | 558 | 19,117 | ||||||
Federal Signal Corp. (a) | 1,365 | 19,997 | ||||||
Flow International Corp. (a) | 1,040 | 4,202 | ||||||
Freightcar America, Inc. | 235 | 6,256 | ||||||
Global Brass & Copper Holdings, Inc. | 155 | 2,565 | ||||||
Graco, Inc. | 1,251 | 97,728 | ||||||
Graham Corp. | 245 | 8,891 | ||||||
Hardinge, Inc. | 235 | 3,400 | ||||||
Harsco Corp. | 1,668 | 46,754 | ||||||
Hurco Cos., Inc. | 165 | 4,127 | ||||||
Hyster-Yale Materials Handling, Inc. | 245 | 22,824 | ||||||
IDEX Corp. | 1,684 | 124,363 | ||||||
ITT Corp. | 1,818 | 78,938 | ||||||
John Bean Technologies Corp. | 645 | 18,918 | ||||||
Kadant, Inc. | 240 | 9,725 | ||||||
Kennametal, Inc. | 1,559 | 81,177 | ||||||
L.B. Foster Co. (Class A) | 245 | 11,586 | ||||||
Lincoln Electric Holdings, Inc. | 1,697 | 121,064 | ||||||
Lindsay Corp. (b) | 230 | 19,033 | ||||||
Lydall, Inc. (a) | 410 | 7,224 | ||||||
Manitex International, Inc. (a)(b) | 235 | 3,732 | ||||||
Meritor, Inc. (a) | 2,078 | 21,674 | ||||||
Middleby Corp. (a)(b) | 384 | 92,148 | ||||||
Miller Industries, Inc. | 240 | 4,471 | ||||||
Mueller Industries, Inc. | 550 | 34,656 | ||||||
Mueller Water Products, Inc. (Class A) | 3,351 | 31,399 | ||||||
Navistar International Corp. (a)(b) | 1,100 | 42,009 | ||||||
NN, Inc. | 410 | 8,278 | ||||||
Nordson Corp. | 1,355 | 100,676 | ||||||
Omega Flex, Inc. (b) | 58 | 1,187 | ||||||
Oshkosh Corp. | 1,764 | 88,870 | ||||||
PMFG, Inc. (a)(b) | 488 | 4,416 | ||||||
Proto Labs, Inc. (a)(b) | 310 | 22,066 | ||||||
RBC Bearings, Inc. (a) | 475 | 33,606 | ||||||
Rexnord Corp. (a)(b) | 638 | 17,232 | ||||||
SPX Corp. | 919 | 91,542 | ||||||
Standex International Corp. | 230 | 14,462 | ||||||
Sun Hydraulics Corp. | 385 | 15,720 | ||||||
Tecumseh Products Co. (Class A) (a)(b) | 400 | 3,620 | ||||||
Tennant Co. (b) | 400 | 27,124 | ||||||
Terex Corp. | 2,306 | 96,829 | ||||||
The Exone Co. (a) | 165 | 9,976 | ||||||
The Gorman-Rupp Co. | 400 | 13,372 | ||||||
The Greenbrier Cos., Inc. (a) | 470 | 15,435 | ||||||
The Manitowoc Co., Inc. | 2,716 | 63,337 | ||||||
The Toro Co. | 1,152 | 73,267 | ||||||
Timken Co. | 1,737 | 95,657 | ||||||
Titan International, Inc. | 1,113 | 20,012 | ||||||
TriMas Corp. (a) | 888 | 35,422 | ||||||
Trinity Industries, Inc. | 1,581 | 86,196 | ||||||
Twin Disc, Inc. (b) | 155 | 4,013 | ||||||
Valmont Industries, Inc. (b) | 495 | 73,814 | ||||||
Wabash National Corp. (a) | 1,433 | 17,698 | ||||||
WABCO Holdings, Inc. (a) | 1,164 | 108,729 | ||||||
Wabtec Corp. | 1,983 | 147,277 | ||||||
Watts Water Technologies, Inc. (Class A) | 543 | 33,595 | ||||||
Woodward, Inc. | 1,406 | 64,128 | ||||||
Xerium Technologies, Inc. (a) | 240 | 3,958 | ||||||
3,170,628 | ||||||||
MARINE — 0.2% | ||||||||
International Shipholding Corp. | 170 | 5,015 | ||||||
Kirby Corp. (a)(b) | 1,193 | 118,405 | ||||||
Matson, Inc. | 870 | 22,716 | ||||||
Ultrapetrol Bahamas, Ltd. (a) | 455 | 1,702 | ||||||
147,838 | ||||||||
MEDIA — 3.7% | ||||||||
AH Belo Corp. (Class A) | 400 | 2,988 | ||||||
AMC Networks, Inc. (Class A) (a) | 1,223 | 83,299 | ||||||
Beasley Broadcasting Group, Inc. (Class A) (b) | 92 | 803 | ||||||
Carmike Cinemas, Inc. (a) | 505 | 14,059 | ||||||
Central European Media Enterprises, Ltd. (Class A) (a)(b) | 1,588 | 6,098 | ||||||
Charter Communications, Inc. (Class A) (a) | 1,345 | 183,942 | ||||||
Cinemark Holdings, Inc. | 2,383 | 79,425 | ||||||
Clear Channel Outdoor Holdings, Inc. (Class A) | 927 | 9,400 | ||||||
Crown Media Holdings, Inc. (Class A) (a) | 715 | 2,524 | ||||||
Cumulus Media, Inc. (Class A) (a) | 1,993 | 15,406 | ||||||
Daily Journal Corp. (a)(b) | 19 | 3,515 | ||||||
Dex Media, Inc. (a)(b) | 410 | 2,780 | ||||||
Digital Generation, Inc. (a) | 470 | 5,993 | ||||||
DISH Network Corp. (Class A) (a) | 4,281 | 247,956 | ||||||
DreamWorks Animation SKG, Inc. (Class A) (a)(b) | 1,503 | 53,356 | ||||||
Entercom Communications Corp. (Class A) (a)(b) | 470 | 4,940 | ||||||
Entravision Communications Corp. (Class A) | 1,205 | 7,338 | ||||||
Global Sources, Ltd. (a) | 400 | 3,252 |
See accompanying notes to financial statements.
197
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Gray Television, Inc. (a) | 1,030 | $ | 15,326 | |||||
Harte-Hanks, Inc. | 870 | 6,803 | ||||||
Hemisphere Media Group, Inc. (a) | 155 | 1,840 | ||||||
John Wiley & Sons, Inc. (Class A) (b) | 914 | 50,453 | ||||||
Journal Communications, Inc. (Class A) (a) | 963 | 8,966 | ||||||
Lamar Advertising Co. (Class A) (a) | 1,617 | 84,488 | ||||||
Liberty Global PLC (Class A) (a) | 7,996 | 711,564 | ||||||
Liberty Media Corp. (Class A) (a) | 2,001 | 293,046 | ||||||
Lions Gate Entertainment Corp. (b) | 1,668 | 52,809 | ||||||
Live Nation Entertainment, Inc. (a) | 2,846 | 56,237 | ||||||
Loral Space & Communications, Inc. (a) | 230 | 18,625 | ||||||
Martha Stewart Living Omnimedia, Inc. (Class A) (a) | 620 | 2,604 | ||||||
MDC Partners, Inc. (Class A) | 747 | 19,056 | ||||||
Media General, Inc. (Class A) (a)(b) | 395 | 8,927 | ||||||
Meredith Corp. | 708 | 36,674 | ||||||
Morningstar, Inc. (b) | 384 | 29,987 | ||||||
National CineMedia, Inc. | 1,195 | 23,852 | ||||||
Nexstar Broadcasting Group, Inc. (Class A) | 543 | 30,261 | ||||||
ReachLocal, Inc. (a) | 245 | 3,114 | ||||||
Reading International, Inc. (Class A) (a) | 405 | 3,033 | ||||||
Regal Entertainment Group (Class A) (b) | 1,747 | 33,979 | ||||||
Rentrak Corp. (a) | 245 | 9,283 | ||||||
Saga Communications, Inc. (Class A) | 100 | 5,030 | ||||||
Salem Communications Corp. (Class A) | 245 | 2,132 | ||||||
Scholastic Corp. (b) | 558 | 18,978 | ||||||
Sinclair Broadcast Group, Inc. (Class A) | 1,433 | 51,201 | ||||||
Sirius XM Holdings, Inc. (a)(b) | 62,940 | 219,661 | ||||||
Starz (Class A) (a) | 2,178 | 63,685 | ||||||
The E.W. Scripps Co. (Class A) (a) | 633 | 13,749 | ||||||
The Madison Square Garden Co. (Class A) (a) | 1,262 | 72,666 | ||||||
The McClatchy Co. (Class A) (a)(b) | 1,273 | 4,328 | ||||||
The New York Times Co. (Class A) (b) | 2,708 | 42,976 | ||||||
Thomson Reuters Corp. | 7,595 | 287,243 | ||||||
Valassis Communications, Inc. (b) | 788 | 26,989 | ||||||
World Wrestling Entertainment, Inc. (Class A) | 645 | 10,694 | ||||||
3,047,333 | ||||||||
METALS & MINING — 1.2% | ||||||||
A.M. Castle & Co. (a)(b) | 405 | 5,982 | ||||||
AK Steel Holding Corp. (a)(b) | 2,866 | 23,501 | ||||||
Allied Nevada Gold Corp. (a)(b) | 2,217 | 7,870 | ||||||
AMCOL International Corp. (b) | 550 | 18,689 | ||||||
Carpenter Technology Corp. (b) | 898 | 55,856 | ||||||
Century Aluminum Co. (a) | 1,125 | 11,768 | ||||||
Coeur Mines, Inc. (a) | 2,129 | 23,100 | ||||||
Commercial Metals Co. | 2,473 | 50,276 | ||||||
Compass Minerals International, Inc. (b) | 684 | 54,754 | ||||||
General Moly, Inc. (a) | 1,193 | 1,599 | ||||||
Globe Specialty Metals, Inc. | 1,353 | 24,368 | ||||||
Gold Resource Corp. (b) | 723 | 3,275 | ||||||
Handy & Harman, Ltd. (a) | 70 | 1,695 | ||||||
Haynes International, Inc. | 235 | 12,981 | ||||||
Hecla Mining Co. (b) | 7,112 | 21,905 | ||||||
Horsehead Holding Corp. (a)(b) | 963 | 15,610 | ||||||
Kaiser Aluminum Corp. | 400 | 28,096 | ||||||
Materion Corp. | 390 | 12,031 | ||||||
Midway Gold Corp. (a) | 2,398 | 1,942 | ||||||
Molycorp, Inc. (a)(b) | 2,931 | 16,472 | ||||||
Noranda Aluminium Holding Corp. | 720 | 2,369 | ||||||
Olympic Steel, Inc. | 150 | 4,347 | ||||||
Paramount Gold and Silver Corp. (a)(b) | 2,961 | 2,759 | ||||||
Reliance Steel & Aluminum Co. | 1,547 | 117,324 | ||||||
Royal Gold, Inc. (b) | 1,313 | 60,490 | ||||||
RTI International Metals, Inc. (a) | 631 | 21,587 | ||||||
Schnitzer Steel Industries, Inc. (Class A) (b) | 558 | 18,230 | ||||||
Southern Copper Corp. | 3,251 | 93,336 | ||||||
Steel Dynamics, Inc. | 4,476 | 87,461 | ||||||
Stillwater Mining Co. (a) | 2,468 | 30,455 | ||||||
SunCoke Energy, Inc. (a) | 1,425 | 32,504 | ||||||
Tahoe Resources, Inc. (a)(b) | 1,843 | 30,668 | ||||||
Universal Stainless & Alloy Products, Inc. (a) | 165 | 5,950 | ||||||
US Silica Holdings, Inc. | 485 | 16,543 | ||||||
Walter Energy, Inc. (b) | 1,358 | 22,584 | ||||||
Worthington Industries, Inc. | 1,113 | 46,835 | ||||||
985,212 | ||||||||
MULTI-UTILITIES — 0.5% | ||||||||
Alliant Energy Corp. | 2,289 | 118,112 | ||||||
Avista Corp. | 1,278 | 36,027 | ||||||
Black Hills Corp. | 858 | 45,054 | ||||||
MDU Resources Group, Inc. | 3,804 | 116,212 | ||||||
NorthWestern Corp. (b) | 793 | 34,353 | ||||||
Vectren Corp. | 1,670 | 59,285 | ||||||
409,043 | ||||||||
MULTILINE RETAIL — 0.3% | ||||||||
Big Lots, Inc. (a) | 1,188 | 38,360 | ||||||
Burlington Stores, Inc. (a)(b) | 300 | 9,600 | ||||||
Dillard’s, Inc. (Class A) | 504 | 48,994 | ||||||
Fred’s, Inc. (Class A) | 803 | 14,872 | ||||||
Gordmans Stores, Inc. | 153 | 1,173 | ||||||
J.C. Penney Co., Inc. (a)(b) | 4,788 | 43,810 | ||||||
Sears Holdings Corp. (a)(b) | 868 | 42,567 | ||||||
The Bon-Ton Stores, Inc. (b) | 328 | 5,340 | ||||||
Tuesday Morning Corp. (a)(b) | 870 | 13,885 | ||||||
218,601 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Zebra Technologies Corp. (Class A) (a) | 983 | 53,161 | ||||||
OIL, GAS & CONSUMABLE FUELS — 3.9% | ||||||||
Abraxas Petroleum Corp. (a) | 1,758 | 5,766 | ||||||
Alon USA Energy, Inc. | 475 | 7,857 | ||||||
Alpha Natural Resources, Inc. (a)(b) | 4,716 | 33,672 | ||||||
Amyris, Inc. (a)(b) | 560 | 2,962 | ||||||
Antero Resources Corp. (a) | 800 | 50,752 | ||||||
Apco Oil and Gas International, Inc. (a) | 150 | 2,339 | ||||||
Approach Resources, Inc. (a)(b) | 713 | 13,754 | ||||||
Arch Coal, Inc. (b) | 4,561 | 20,297 | ||||||
Athlon Energy, Inc. (a) | 400 | 12,100 | ||||||
Bill Barrett Corp. (a) | 1,038 | 27,798 | ||||||
Bonanza Creek Energy, Inc. (a) | 543 | 23,604 | ||||||
BPZ Resources, Inc. (a)(b) | 2,468 | 4,492 |
See accompanying notes to financial statements.
198
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Callon Petroleum Co. (a) | 885 | $ | 5,779 | |||||
Carrizo Oil & Gas, Inc. (a) | 883 | 39,532 | ||||||
Cheniere Energy, Inc. (a) | 4,936 | 212,840 | ||||||
Cimarex Energy Co. | 1,803 | 189,153 | ||||||
Clayton Williams Energy, Inc. (a) | 70 | 5,737 | ||||||
Clean Energy Fuels Corp. (a)(b) | 1,435 | 18,483 | ||||||
Cloud Peak Energy, Inc. (a) | 1,273 | 22,914 | ||||||
Cobalt International Energy, Inc. (a) | 5,624 | 92,515 | ||||||
Comstock Resources, Inc. (b) | 1,040 | 19,022 | ||||||
Concho Resources, Inc. (a) | 2,138 | 230,904 | ||||||
Contango Oil & Gas Co. (a) | 268 | 12,666 | ||||||
Continental Resources, Inc. (a)(b) | 870 | 97,892 | ||||||
Crosstex Energy, Inc. (b) | 945 | 34,171 | ||||||
CVR Energy, Inc. (b) | 264 | 11,466 | ||||||
Delek US Holdings, Inc. | 800 | 27,528 | ||||||
Diamondback Energy, Inc. (a) | 405 | 21,408 | ||||||
Emerald Oil, Inc. (a) | 1,305 | 9,996 | ||||||
Endeavour International Corp. (a)(b) | 1,048 | 5,502 | ||||||
Energen Corp. | 1,487 | 105,205 | ||||||
Energy XXI Bermuda, Ltd. (b) | 1,573 | 42,565 | ||||||
EPL Oil & Gas, Inc. (a) | 640 | 18,240 | ||||||
Equal Energy, Ltd. | 710 | 3,791 | ||||||
Evolution Petroleum Corp. | 410 | 5,059 | ||||||
EXCO Resources, Inc. (b) | 2,873 | 15,256 | ||||||
Forest Oil Corp. (a) | 2,556 | 9,227 | ||||||
Frontline, Ltd. (a)(b) | 1,123 | 4,200 | ||||||
FX Energy, Inc. (a)(b) | 1,113 | 4,074 | ||||||
GasLog, Ltd. | 563 | 9,622 | ||||||
Gastar Exploration, Ltd. (a) | 1,282 | 8,871 | ||||||
Golar LNG, Ltd. (b) | 865 | 31,391 | ||||||
Goodrich Petroleum Corp. (a)(b) | 660 | 11,233 | ||||||
Green Plains Renewable Energy, Inc. (b) | 565 | 10,955 | ||||||
Gulfport Energy Corp. (a) | 1,685 | 106,408 | ||||||
Halcon Resources Corp. (a)(b) | 5,091 | 19,651 | ||||||
Hallador Energy Co. (b) | 186 | 1,499 | ||||||
HollyFrontier Corp. (b) | 4,111 | 204,276 | ||||||
Isramco, Inc. (a) | 20 | 2,541 | ||||||
Jones Energy, Inc. (Class A) (a)(b) | 200 | 2,896 | ||||||
KiOR, Inc. (Class A) (a)(b) | 965 | 1,621 | ||||||
Knightsbridge Tankers, Ltd. | 570 | 5,238 | ||||||
Kodiak Oil & Gas Corp. (a) | 5,374 | 60,243 | ||||||
Kosmos Energy, Ltd. (a) | 2,158 | 24,126 | ||||||
L&L Energy, Inc. (a)(b)(c) | 640 | 1,075 | ||||||
Laredo Petroleum Holdings, Inc. (a) | 883 | 24,450 | ||||||
Magnum Hunter Resources Corp. (a) | 3,676 | 26,872 | ||||||
Matador Resources Co. (a) | 1,135 | 21,156 | ||||||
Midstates Petroleum Co., Inc. (a)(b) | 723 | 4,786 | ||||||
Miller Energy Resources, Inc. (a)(b) | 635 | 4,470 | ||||||
Nordic American Tanker Shipping, Ltd. (b) | 1,443 | 13,997 | ||||||
Northern Oil and Gas, Inc. (a)(b) | 1,358 | 20,465 | ||||||
Oasis Petroleum, Inc. (a) | 2,055 | 96,523 | ||||||
Panhandle Oil & Gas, Inc. (Class A) (b) | 163 | 5,446 | ||||||
PBF Energy, Inc. (b) | 475 | 14,944 | ||||||
PDC Energy, Inc. (a) | 738 | 39,276 | ||||||
Penn Virginia Corp. (a) | 1,203 | 11,344 | ||||||
PetroQuest Energy, Inc. (a) | 1,193 | 5,154 | ||||||
Quicksilver Resources, Inc. (a)(b) | 2,633 | 8,083 | ||||||
Renewable Energy Group, Inc. (a) | 485 | 5,558 | ||||||
Rentech, Inc. (a)(b) | 4,787 | 8,377 | ||||||
Resolute Energy Corp. (a)(b) | 1,438 | 12,985 | ||||||
REX American Resources Corp. (a) | 70 | 3,130 | ||||||
Rex Energy Corp. (a) | 958 | 18,882 | ||||||
Rosetta Resources, Inc. (a)(b) | 1,200 | 57,648 | ||||||
Sanchez Energy Corp. (a)(b) | 757 | 18,554 | ||||||
SandRidge Energy, Inc. (a)(b) | 10,062 | 61,076 | ||||||
Scorpio Tankers, Inc. | 3,726 | 43,930 | ||||||
SemGroup Corp.(Class A) | 875 | 57,076 | ||||||
Ship Finance International, Ltd. | 1,215 | 19,902 | ||||||
SM Energy Co. | 1,354 | 112,531 | ||||||
Solazyme, Inc. (a)(b) | 1,043 | 11,358 | ||||||
Stone Energy Corp. (a) | 1,033 | 35,732 | ||||||
Swift Energy Co. (a)(b) | 968 | 13,068 | ||||||
Synergy Resources Corp. (a) | 1,061 | 9,825 | ||||||
Targa Resources Corp. | 695 | 61,278 | ||||||
Teekay Corp. | 769 | 36,920 | ||||||
Teekay Tankers, Ltd. | 1,363 | 5,357 | ||||||
Triangle Petroleum Corp. (a)(b) | 1,353 | 11,257 | ||||||
Ultra Petroleum Corp. (a)(b) | 3,115 | 67,440 | ||||||
Ur-Energy, Inc. (a)(b) | 2,548 | 3,516 | ||||||
Uranium Energy Corp. (a)(b) | 1,843 | 3,686 | ||||||
VAALCO Energy, Inc. (a) | 1,190 | 8,199 | ||||||
W&T Offshore, Inc. (b) | 713 | 11,408 | ||||||
Warren Resources, Inc. (a) | 1,508 | 4,735 | ||||||
Western Refining, Inc. (b) | 1,082 | 45,888 | ||||||
Westmoreland Coal Co. (a) | 235 | 4,533 | ||||||
Whiting Petroleum Corp. (a) | 2,449 | 151,520 | ||||||
World Fuel Services Corp. (b) | 1,493 | 64,438 | ||||||
ZaZa Energy Corp. (a)(b) | 789 | 754 | ||||||
3,239,691 | ||||||||
PAPER & FOREST PRODUCTS — 0.4% | ||||||||
Boise Cascade Co. (a)(b) | 228 | 6,721 | ||||||
Clearwater Paper Corp. (a) | 380 | 19,950 | ||||||
Deltic Timber Corp. | 240 | 16,306 | ||||||
Domtar Corp. | 653 | 61,604 | ||||||
KapStone Paper and Packaging Corp. (a) | 780 | 43,571 | ||||||
Louisiana-Pacific Corp. (a) | 2,789 | 51,624 | ||||||
Neenah Paper, Inc. | 315 | 13,473 | ||||||
P.H. Glatfelter Co. | 870 | 24,047 | ||||||
Resolute Forest Products, Inc. (a) | 1,525 | 24,430 | ||||||
Schweitzer-Mauduit International, Inc. | 628 | 32,323 | ||||||
Wausau Paper Corp. (b) | 1,035 | 13,124 | ||||||
307,173 | ||||||||
PERSONAL PRODUCTS — 0.5% | ||||||||
Coty, Inc. (Class A) (b) | 1,200 | 18,300 | ||||||
Elizabeth Arden, Inc. (a)(b) | 563 | 19,958 | ||||||
Herbalife, Ltd. (b) | 1,783 | 140,322 | ||||||
Inter Parfums, Inc. | 310 | 11,101 | ||||||
Lifevantage Corp. (a)(b) | 2,393 | 3,948 | ||||||
Medifast, Inc. (a) | 325 | 8,492 | ||||||
Nature’s Sunshine Products, Inc. | 240 | 4,157 | ||||||
Nu Skin Enterprises, Inc. (Class A) | 1,214 | 167,799 | ||||||
Nutraceutical International Corp. (a) | 155 | 4,151 | ||||||
Revlon, Inc. (Class A) (a) | 240 | 5,990 | ||||||
Star Scientific, Inc. (a)(b) | 3,506 | 4,067 | ||||||
Synutra International, Inc. (a) | 408 | 3,623 | ||||||
The Female Health Co. | 485 | 4,123 |
See accompanying notes to financial statements.
199
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
USANA Health Sciences, Inc. (a)(b) | 70 | $ | 5,291 | |||||
401,322 | ||||||||
PHARMACEUTICALS — 1.2% | ||||||||
AcelRx Pharmaceuticals, Inc. (a)(b) | 484 | 5,474 | ||||||
Akorn, Inc. (a)(b) | 1,188 | 29,260 | ||||||
Alimera Sciences, Inc. (a)(b) | 410 | 1,931 | ||||||
Ampio Pharmaceuticals, Inc. (a)(b) | 550 | 3,921 | ||||||
Aratana Therapeutics, Inc. (a)(b) | 100 | 1,910 | ||||||
Auxilium Pharmaceuticals, Inc. (a)(b) | 1,035 | 21,466 | ||||||
AVANIR Pharmaceuticals, Inc. (Class A) (a)(b) | 3,121 | 10,487 | ||||||
BioDelivery Sciences International, Inc. (a)(b) | 640 | 3,770 | ||||||
Cadence Pharmaceuticals, Inc. (a)(b) | 1,268 | 11,475 | ||||||
Cempra, Inc. (a)(b) | 320 | 3,965 | ||||||
Corcept Therapeutics, Inc. (a)(b) | 1,115 | 3,590 | ||||||
Cornerstone Therapeutics, Inc. (a)(b) | 189 | 1,794 | ||||||
DepoMed, Inc. (a)(b) | 1,198 | 12,675 | ||||||
Endo Health Solutions, Inc. (a) | 2,323 | 156,710 | ||||||
Endocyte, Inc. (a)(b) | 635 | 6,788 | ||||||
Hi-Tech Pharmacal Co., Inc. (a) | 240 | 10,414 | ||||||
Horizon Pharma, Inc. (a)(b) | 1,123 | 8,557 | ||||||
Impax Laboratories, Inc. (a) | 1,433 | 36,026 | ||||||
Jazz Pharmaceuticals PLC (a) | 1,023 | 129,471 | ||||||
Lannett Co., Inc. (a) | 413 | 13,670 | ||||||
Mallinckrodt PLC (a)(b) | 1,185 | 61,928 | ||||||
Nektar Therapeutics (a)(b) | 2,479 | 28,137 | ||||||
Omeros Corp. (a)(b) | 640 | 7,226 | ||||||
Pacira Pharmaceuticals, Inc. (a) | 765 | 31,792 | ||||||
Pernix Therapeutics Holdings (a)(b) | 372 | 937 | ||||||
Pozen, Inc. (a) | 555 | 4,462 | ||||||
Prestige Brands Holdings, Inc. (a) | 1,025 | 36,695 | ||||||
Questcor Pharmaceuticals, Inc. (b) | 1,023 | 55,702 | ||||||
Repros Therapeutics, Inc. (a)(b) | 490 | 8,967 | ||||||
Sagent Pharmaceuticals, Inc. (a)(b) | 410 | 10,406 | ||||||
Salix Pharmaceuticals, Ltd. (a) | 1,257 | 113,055 | ||||||
Sciclone Pharmaceuticals, Inc. (a)(b) | 1,110 | 5,594 | ||||||
Sucampo Pharmaceuticals, Inc. (Class A) (a) | 325 | 3,055 | ||||||
Supernus Pharmaceuticals, Inc. (a)(b) | 320 | 2,413 | ||||||
The Medicines Co. (a) | 1,300 | 50,206 | ||||||
TherapeuticsMD, Inc. (a) | 1,683 | 8,768 | ||||||
ViroPharma, Inc. (a)(b) | 1,450 | 72,282 | ||||||
VIVUS, Inc. (a)(b) | 2,156 | 19,576 | ||||||
XenoPort, Inc. (a)(b) | 968 | 5,566 | ||||||
Zogenix, Inc. (a)(b) | 1,515 | 5,212 | ||||||
1,005,333 | ||||||||
PROFESSIONAL SERVICES — 1.4% | ||||||||
Acacia Research Corp. (b) | 1,035 | 15,049 | ||||||
Barrett Business Services, Inc. | 160 | 14,838 | ||||||
CBIZ, Inc. (a)(b) | 795 | 7,250 | ||||||
CDI Corp. | 325 | 6,022 | ||||||
CRA International, Inc. (a) | 245 | 4,851 | ||||||
Exponent, Inc. | 230 | 17,811 | ||||||
Franklin Covey Co. (a) | 150 | 2,982 | ||||||
FTI Consulting, Inc. (a) | 785 | 32,295 | ||||||
GP Strategies Corp. (a) | 320 | 9,533 | ||||||
Heidrick & Struggles International, Inc. | 405 | 8,157 | ||||||
Huron Consulting Group, Inc. (a) | 475 | 29,792 | ||||||
ICF International, Inc. (a) | 395 | 13,710 | ||||||
IHS, Inc. (Class A) (a) | 1,348 | 161,356 | ||||||
Insperity, Inc. | 480 | 17,342 | ||||||
Kelly Services, Inc. (Class A) | 555 | 13,842 | ||||||
Kforce, Inc. | 555 | 11,355 | ||||||
Korn/Ferry International (a) | 1,038 | 27,113 | ||||||
Manpower, Inc. | 1,566 | 134,457 | ||||||
Mistras Group, Inc. (a) | 315 | 6,577 | ||||||
Navigant Consulting, Inc. (a) | 1,030 | 19,776 | ||||||
Odyssey Marine Exploration, Inc. (a)(b) | 1,678 | 3,390 | ||||||
On Assignment, Inc. (a) | 955 | 33,349 | ||||||
Pendrell Corp. (a) | 3,431 | 6,896 | ||||||
Resources Connection, Inc. | 880 | 12,610 | ||||||
RPX Corp. (a) | 725 | 12,252 | ||||||
The Advisory Board Co. (a) | 710 | 45,206 | ||||||
The Corporate Executive Board Co. | 720 | 55,750 | ||||||
Towers Watson & Co. (Class A) | 1,336 | 170,487 | ||||||
TrueBlue, Inc. (a) | 881 | 22,712 | ||||||
Verisk Analytics, Inc. (Class A) (a) | 3,088 | 202,943 | ||||||
VSE Corp. | 80 | 3,841 | ||||||
WageWorks, Inc. (a)(b) | 465 | 27,640 | ||||||
1,151,184 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 7.9% | ||||||||
Acadia Realty Trust | 1,105 | 27,437 | ||||||
AG Mortgage Investment Trust, Inc. | 650 | 10,166 | ||||||
Agree Realty Corp. | 330 | 9,577 | ||||||
Alexander’s, Inc. | 46 | 15,180 | ||||||
Alexandria Real Estate Equities, Inc. | 1,425 | 90,659 | ||||||
American Assets Trust, Inc. | 720 | 22,630 | ||||||
American Campus Communities, Inc. | 2,137 | 68,833 | ||||||
American Capital Agency Corp. | 8,070 | 155,670 | ||||||
American Capital Mortgage Investment Corp. (b) | 1,083 | 18,909 | ||||||
American Homes 4 Rent (Class A) | 1,100 | 17,820 | ||||||
American Realty Capital Properties, Inc. (b) | 3,271 | 42,065 | ||||||
American Residential Properties, Inc. (a)(b) | 325 | 5,577 | ||||||
AmREIT, Inc. | 407 | 6,838 | ||||||
Annaly Capital Management, Inc. (b) | 19,313 | 192,551 | ||||||
Anworth Mortgage Asset Corp. | 3,123 | 13,148 | ||||||
Apollo Commercial Real Estate Finance, Inc. | 803 | 13,049 | ||||||
Apollo Residential Mortgage, Inc. (b) | 728 | 10,760 | ||||||
Ares Commercial Real Estate Corp. (b) | 430 | 5,633 | ||||||
Armada Hoffler Properties, Inc. | 398 | 3,693 | ||||||
ARMOUR Residential REIT, Inc. | 7,990 | 32,040 | ||||||
Ashford Hospitality Prime, Inc. | 260 | 4,732 | ||||||
Ashford Hospitality Trust, Inc. | 1,300 | 10,764 | ||||||
Associated Estates Realty Corp. | 1,214 | 19,485 | ||||||
Aviv REIT, Inc. | 240 | 5,688 | ||||||
BioMed Realty Trust, Inc. | 3,813 | 69,092 | ||||||
Brandywine Realty Trust | 3,161 | 44,539 | ||||||
BRE Properties, Inc. | 1,585 | 86,715 | ||||||
Brixmor Property Group, Inc. | 900 | 18,297 | ||||||
Camden Property Trust | 1,764 | 100,336 | ||||||
Campus Crest Communities, Inc. (b) | 1,353 | 12,732 | ||||||
Capstead Mortgage Corp. (b) | 1,988 | 24,015 |
See accompanying notes to financial statements.
200
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
CBL & Associates Properties, Inc. | 3,350 | $ | 60,166 | |||||
Cedar Realty Trust, Inc. | 1,513 | 9,471 | ||||||
Chambers Street Properties (b) | 4,764 | 36,445 | ||||||
Chatham Lodging Trust | 605 | 12,372 | ||||||
Chesapeake Lodging Trust | 1,040 | 26,302 | ||||||
Chimera Investment Corp. (b) | 20,867 | 64,688 | ||||||
Colony Financial, Inc. (b) | 1,353 | 27,452 | ||||||
CommonWealth REIT | 2,364 | 55,105 | ||||||
Coresite Realty Corp. (b) | 390 | 12,554 | ||||||
Corporate Office Properties Trust | 1,738 | 41,173 | ||||||
Corrections Corp. of America | 2,310 | 74,082 | ||||||
Cousins Properties, Inc. | 3,428 | 35,308 | ||||||
CubeSmart | 2,686 | 42,815 | ||||||
CyrusOne, Inc. | 393 | 8,776 | ||||||
CYS Investments, Inc. (b) | 3,661 | 27,128 | ||||||
DCT Industrial Trust, Inc. | 6,137 | 43,757 | ||||||
DDR Corp. | 5,998 | 92,189 | ||||||
DiamondRock Hospitality Co. | 4,151 | 47,944 | ||||||
Digital Realty Trust, Inc. (b) | 2,611 | 128,252 | ||||||
Douglas Emmett, Inc. | 2,904 | 67,634 | ||||||
Duke Realty Corp. | 6,516 | 98,001 | ||||||
DuPont Fabros Technology, Inc. | 1,265 | 31,258 | ||||||
Dynex Capital, Inc. (b) | 1,205 | 9,640 | ||||||
EastGroup Properties, Inc. | 638 | 36,959 | ||||||
Education Realty Trust, Inc. | 2,388 | 21,062 | ||||||
Ellington Residential Mortgage REIT (b) | 165 | 2,538 | ||||||
Empire State Realty Trust, Inc. (Class A) | 1,700 | 26,010 | ||||||
EPR Properties | 1,005 | 49,406 | ||||||
Equity Lifestyle Properties, Inc. | 1,681 | 60,903 | ||||||
Equity One, Inc. | 1,278 | 28,678 | ||||||
Essex Property Trust, Inc. | 811 | 116,387 | ||||||
Excel Trust, Inc. | 1,043 | 11,880 | ||||||
Extra Space Storage, Inc. | 2,237 | 94,245 | ||||||
Federal Realty Investment Trust | 1,309 | 132,746 | ||||||
FelCor Lodging Trust, Inc. (a) | 2,631 | 21,469 | ||||||
First Industrial Realty Trust, Inc. | 2,223 | 38,791 | ||||||
First Potomac Realty Trust | 1,285 | 14,945 | ||||||
Franklin Street Properties Corp. | 1,918 | 22,920 | ||||||
Gaming and Leisure Properties, Inc. (a) | 1,479 | 75,148 | ||||||
Getty Realty Corp. | 563 | 10,342 | ||||||
Gladstone Commercial Corp. (b) | 331 | 5,948 | ||||||
Glimcher Realty Trust | 3,124 | 29,241 | ||||||
Government Properties Income Trust (b) | 1,108 | 27,534 | ||||||
Gramercy Property Trust, Inc. (a)(b) | 1,283 | 7,377 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b) | 320 | 4,467 | ||||||
Hatteras Financial Corp. (b) | 1,950 | 31,863 | ||||||
Healthcare Realty Trust, Inc. | 1,901 | 40,510 | ||||||
Healthcare Trust of America, Inc. | 2,411 | 23,724 | ||||||
Hersha Hospitality Trust | 4,309 | 24,001 | ||||||
Highwoods Properties, Inc. | 1,806 | 65,323 | ||||||
Home Properties, Inc. | 1,114 | 59,733 | ||||||
Hospitality Properties Trust | 3,008 | 81,306 | ||||||
Hudson Pacific Properties, Inc. | 968 | 21,170 | ||||||
Inland Real Estate Corp. | 1,843 | 19,388 | ||||||
Invesco Mortgage Capital, Inc. (b) | 2,871 | 42,146 | ||||||
Investors Real Estate Trust | 2,158 | 18,516 | ||||||
iStar Financial, Inc. (a)(b) | 1,843 | 26,300 | ||||||
JAVELIN Mortgage Investment Corp. | 328 | 4,569 | ||||||
Kilroy Realty Corp. | 1,685 | 84,553 | ||||||
Kite Realty Group Trust | 1,908 | 12,536 | ||||||
LaSalle Hotel Properties | 2,088 | 64,436 | ||||||
Lexington Realty Trust (b) | 3,596 | 36,715 | ||||||
Liberty Property Trust | 2,675 | 90,602 | ||||||
LTC Properties, Inc. | 715 | 25,304 | ||||||
Mack-Cali Realty Corp. | 1,798 | 38,621 | ||||||
Medical Properties Trust, Inc. | 3,296 | 40,277 | ||||||
MFA Financial, Inc. | 7,335 | 51,785 | ||||||
Mid-America Apartment Communities, Inc. | 1,523 | 92,507 | ||||||
Monmouth Real Estate Investment Corp.(Class A) | 873 | 7,936 | ||||||
National Health Investors, Inc. | 568 | 31,865 | ||||||
National Retail Properties, Inc. (b) | 2,363 | 71,670 | ||||||
New Residential Investment Corp. | 5,339 | 35,665 | ||||||
New York Mortgage Trust, Inc. (b) | 1,358 | 9,492 | ||||||
NorthStar Realty Finance Corp. (b) | 5,936 | 79,839 | ||||||
OMEGA Healthcare Investors, Inc. | 2,454 | 73,129 | ||||||
One Liberty Properties, Inc. | 235 | 4,731 | ||||||
Parkway Properties, Inc. | 1,207 | 23,280 | ||||||
Pebblebrook Hotel Trust | 1,270 | 39,065 | ||||||
Pennsylvania Real Estate Investment Trust | 1,435 | 27,236 | ||||||
PennyMac Mortgage Investment Trust (b) | 1,383 | 31,754 | ||||||
Physicians Realty Trust | 300 | 3,822 | ||||||
Piedmont Office Realty Trust, Inc. (Class A) | 3,394 | 56,069 | ||||||
Post Properties, Inc. | 1,108 | 50,115 | ||||||
Potlatch Corp. | 783 | 32,682 | ||||||
PS Business Parks, Inc. | 398 | 30,415 | ||||||
QTS Realty Trust, Inc. (Class A) (b) | 300 | 7,434 | ||||||
RAIT Financial Trust (b) | 1,525 | 13,679 | ||||||
Ramco-Gershenson Properties Trust | 1,280 | 20,147 | ||||||
Rayonier, Inc. | 2,613 | 110,007 | ||||||
Realty Income Corp. | 4,189 | 156,375 | ||||||
Redwood Trust, Inc. (b) | 1,758 | 34,052 | ||||||
Regency Centers Corp. | 1,880 | 87,044 | ||||||
Resource Capital Corp. (b) | 2,718 | 16,118 | ||||||
Retail Opportunity Investments Corp. (b) | 1,443 | 21,241 | ||||||
Retail Properties of America, Inc. (Class A) | 2,709 | 34,458 | ||||||
Rexford Industrial Realty, Inc. | 400 | 5,280 | ||||||
RLJ Lodging Trust | 2,536 | 61,676 | ||||||
Rouse Properties, Inc. | 480 | 10,651 | ||||||
Ryman Hospitality Properties (b) | 863 | 36,056 | ||||||
Sabra Healthcare REIT, Inc. (b) | 800 | 20,912 | ||||||
Saul Centers, Inc. | 160 | 7,637 | ||||||
Select Income REIT | 498 | 13,317 | ||||||
Senior Housing Properties Trust | 3,875 | 86,141 | ||||||
Silver Bay Realty Trust Corp. (b) | 320 | 5,117 | ||||||
SL Green Realty Corp. | 1,828 | 168,871 | ||||||
Sovran Self Storage, Inc. | 630 | 41,057 | ||||||
Spirit Realty Capital, Inc. (b) | 7,511 | 73,833 | ||||||
STAG Industrial, Inc. (b) | 875 | 17,841 | ||||||
Starwood Property Trust, Inc. (b) | 3,949 | 109,387 | ||||||
Strategic Hotels & Resorts, Inc. (a) | 3,824 | 36,137 | ||||||
Summit Hotel Properties, Inc. | 1,546 | 13,914 |
See accompanying notes to financial statements.
201
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Sun Communities, Inc. | 708 | $ | 30,189 | |||||
Sunstone Hotel Investors, Inc. | 3,526 | 47,248 | ||||||
Tanger Factory Outlet Centers, Inc. | 1,957 | 62,663 | ||||||
Taubman Centers, Inc. | 1,346 | 86,036 | ||||||
Terreno Realty Corp. | 583 | 10,319 | ||||||
Two Harbors Investment Corp. | 7,390 | 68,579 | ||||||
UDR, Inc. | 5,076 | 118,525 | ||||||
UMH Properties, Inc. | 320 | 3,014 | ||||||
Universal Health Realty Income Trust | 235 | 9,414 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 565 | 10,424 | ||||||
Washington Real Estate Investment Trust | 1,343 | 31,372 | ||||||
Weingarten Realty Investors | 2,465 | 67,590 | ||||||
Western Asset Mortgage Capital Corp. (b) | 470 | 6,994 | ||||||
Whitestone REIT | 410 | 5,482 | ||||||
Winthrop Realty Trust | 645 | 7,127 | ||||||
WP Carey, Inc. (b) | 1,211 | 74,295 | ||||||
ZAIS Financial Corp. | 170 | 2,725 | ||||||
6,505,166 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.6% | ||||||||
Alexander & Baldwin, Inc. | 870 | 36,305 | ||||||
Altisource Residential Corp. (b) | 865 | 26,045 | ||||||
AV Homes, Inc. (a)(b) | 250 | 4,543 | ||||||
Consolidated-Tomoka Land Co. (b) | 70 | 2,540 | ||||||
Forest City Enterprises, Inc. (Class A) (a)(b) | 3,253 | 62,132 | ||||||
Forestar Group, Inc. (a)(b) | 715 | 15,208 | ||||||
Jones Lang LaSalle, Inc. | 903 | 92,458 | ||||||
Kennedy-Wilson Holdings, Inc. (b) | 1,118 | 24,876 | ||||||
RE/MAX Holdings, Inc. (Class A) (a) | 200 | 6,414 | ||||||
Realogy Holdings Corp. (a) | 2,443 | 120,855 | ||||||
Tejon Ranch Co. (a) | 325 | 11,947 | ||||||
The Howard Hughes Corp. (a) | 826 | 99,203 | ||||||
The St. Joe Co. (a)(b) | 1,443 | 27,691 | ||||||
530,217 | ||||||||
ROAD & RAIL — 1.1% | ||||||||
AMERCO, Inc. (a) | 180 | 42,811 | ||||||
Arkansas Best Corp. | 563 | 18,962 | ||||||
Avis Budget Group, Inc. (a) | 2,148 | 86,822 | ||||||
Celadon Group, Inc. (b) | 393 | 7,656 | ||||||
Con-way, Inc. | 1,098 | 43,602 | ||||||
Genesee & Wyoming, Inc. (Class A) (a) | 840 | 80,682 | ||||||
Heartland Express, Inc. (b) | 953 | 18,698 | ||||||
Hertz Global Holdings, Inc. (a) | 7,043 | 201,571 | ||||||
J.B. Hunt Transport Services, Inc. | 1,895 | 146,483 | ||||||
Knight Transportation, Inc. (b) | 1,285 | 23,567 | ||||||
Landstar System, Inc. | 993 | 57,048 | ||||||
Marten Transport, Ltd. | 475 | 9,590 | ||||||
Old Dominion Freight Line, Inc. (a) | 1,418 | 75,182 | ||||||
Patriot Transportation Holding, Inc. (a) | 165 | 6,849 | ||||||
Quality Distribution, Inc. (a) | 486 | 6,235 | ||||||
Roadrunner Transportation Systems, Inc. (a) | 405 | 10,915 | ||||||
Saia, Inc. (a) | 470 | 15,063 | ||||||
Swift Transportation Co. (a)(b) | 1,648 | 36,602 | ||||||
Universal Truckload Services, Inc. | 70 | 2,136 | ||||||
Werner Enterprises, Inc. (b) | 955 | 23,617 | ||||||
YRC Worldwide, Inc. (a)(b) | 250 | 4,343 | ||||||
918,434 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.8% | ||||||||
Advanced Energy Industries, Inc. (a) | 790 | 18,059 | ||||||
Advanced Micro Devices, Inc. (a)(b) | 12,300 | 47,601 | ||||||
Alpha & Omega Semiconductor, Ltd. (a) | 405 | 3,123 | ||||||
Ambarella, Inc. (a)(b) | 400 | 13,572 | ||||||
Amkor Technology, Inc. (a)(b) | 1,353 | 8,294 | ||||||
Anadigics, Inc. (a)(b) | 1,758 | 3,235 | ||||||
Applied Micro Circuits Corp. (a)(b) | 1,438 | 19,240 | ||||||
Atmel Corp. (a) | 8,750 | 68,512 | ||||||
ATMI, Inc. (a) | 630 | 19,032 | ||||||
Avago Technologies, Ltd. | 4,981 | 263,445 | ||||||
Axcelis Technologies, Inc. (a) | 2,318 | 5,656 | ||||||
Brooks Automation, Inc. | 1,443 | 15,137 | ||||||
Cabot Microelectronics Corp. (a) | 475 | 21,708 | ||||||
Cavium, Inc. (a) | 1,025 | 35,373 | ||||||
CEVA, Inc. (a)(b) | 480 | 7,306 | ||||||
Cirrus Logic, Inc. (a)(b) | 1,360 | 27,785 | ||||||
Cohu, Inc. | 568 | 5,964 | ||||||
Cree, Inc. (a)(b) | 2,406 | 150,543 | ||||||
Cypress Semiconductor Corp. (a)(b) | 3,111 | 32,665 | ||||||
Diodes, Inc. (a) | 808 | 19,036 | ||||||
DSP Group, Inc. (a) | 395 | 3,835 | ||||||
Entegris, Inc. (a) | 2,953 | 34,255 | ||||||
Entropic Communications, Inc. (a) | 1,918 | 9,034 | ||||||
Exar Corp. (a) | 795 | 9,373 | ||||||
Fairchild Semiconductor International, Inc. (a) | 2,718 | 36,285 | ||||||
Formfactor, Inc. (a) | 1,110 | 6,682 | ||||||
Freescale Semiconductor, Ltd. (a) | 1,198 | 19,228 | ||||||
GSI Technology, Inc. (a) | 390 | 2,590 | ||||||
GT Advanced Technologies, Inc. (a)(b) | 2,556 | 22,288 | ||||||
Hittite Microwave Corp. (a) | 630 | 38,890 | ||||||
Inphi Corp. (a) | 560 | 7,224 | ||||||
Integrated Device Technology, Inc. (a) | 2,793 | 28,461 | ||||||
Integrated Silicon Solution, Inc. (a) | 550 | 6,650 | ||||||
Intermolecular, Inc. (a) | 408 | 2,007 | ||||||
International Rectifier Corp. (a) | 1,428 | 37,228 | ||||||
Intersil Corp. (Class A) | 2,718 | 31,175 | ||||||
IXYS Corp. | 470 | 6,096 | ||||||
Kopin Corp. (a) | 1,443 | 6,089 | ||||||
Lattice Semiconductor Corp. (a) | 2,476 | 13,643 | ||||||
LTX-Credence Corp. (a) | 1,045 | 8,350 | ||||||
M/A-COM Technology Solutions Holdings, Inc. (a)(b) | 245 | 4,163 | ||||||
Marvell Technology Group, Ltd. | 8,080 | 116,190 | ||||||
Maxim Integrated Products, Inc. | 5,939 | 165,757 | ||||||
MaxLinear, Inc. (Class A) (a) | 475 | 4,954 | ||||||
Micrel, Inc. | 950 | 9,377 | ||||||
Microsemi Corp. (a) | 1,903 | 47,480 | ||||||
MKS Instruments, Inc. | 1,115 | 33,383 | ||||||
Monolithic Power Systems, Inc. (a) | 803 | 27,832 | ||||||
MoSys, Inc. (a)(b) | 1,048 | 5,785 | ||||||
Nanometrics, Inc. (a) | 475 | 9,049 | ||||||
NeoPhotonics Corp. (a) | 390 | 2,753 | ||||||
NVE Corp. (a) | 75 | 4,371 | ||||||
OmniVision Technologies, Inc. (a)(b) | 1,110 | 19,092 |
See accompanying notes to financial statements.
202
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
ON Semiconductor Corp. (a) | 9,154 | $ | 75,429 | |||||
PDF Solutions, Inc. (a) | 565 | 14,475 | ||||||
Peregrine Semiconductor Corp. (a)(b) | 558 | 4,135 | ||||||
Pericom Semiconductor Corp. (a) | 473 | 4,191 | ||||||
Photronics, Inc. (a) | 1,273 | 11,495 | ||||||
PLX Technology, Inc. (a) | 955 | 6,284 | ||||||
PMC-Sierra, Inc. (a) | 4,306 | 27,688 | ||||||
Power Integrations, Inc. | 545 | 30,422 | ||||||
Rambus, Inc. (a)(b) | 2,403 | 22,756 | ||||||
RF Micro Devices, Inc. (a) | 5,989 | 30,903 | ||||||
Rubicon Technology, Inc. (a)(b) | 405 | 4,030 | ||||||
Rudolph Technologies, Inc. (a)(b) | 725 | 8,512 | ||||||
Semtech Corp. (a) | 1,438 | 36,353 | ||||||
Sigma Designs, Inc. (a) | 635 | 2,997 | ||||||
Silicon Image, Inc. (a) | 1,683 | 10,350 | ||||||
Silicon Laboratories, Inc. (a) | 873 | 37,810 | ||||||
Skyworks Solutions, Inc. (a) | 3,923 | 112,041 | ||||||
Spansion, Inc. (Class A) (a) | 1,043 | 14,487 | ||||||
SunEdison, Inc. (a)(b) | 5,454 | 71,175 | ||||||
SunPower Corp. (a)(b) | 880 | 26,233 | ||||||
Supertex, Inc. (a) | 245 | 6,137 | ||||||
Synaptics, Inc. (a)(b) | 625 | 32,381 | ||||||
Teradyne, Inc. (a)(b) | 3,900 | 68,718 | ||||||
Tessera Technologies, Inc. | 1,118 | 22,036 | ||||||
TriQuint Semiconductor, Inc. (a) | 3,421 | 28,531 | ||||||
Ultra Clean Holdings, Inc. (a) | 468 | 4,694 | ||||||
Ultratech, Inc. (a) | 550 | 15,950 | ||||||
Veeco Instruments, Inc. (a) | 790 | 25,999 | ||||||
2,321,067 | ||||||||
SOFTWARE — 4.0% | ||||||||
Accelrys, Inc. (a) | 1,200 | 11,448 | ||||||
ACI Worldwide, Inc. (a) | 785 | 51,025 | ||||||
Activision Blizzard, Inc. | 5,407 | 96,407 | ||||||
Actuate Corp. (a) | 1,045 | 8,057 | ||||||
Advent Software, Inc. (b) | 625 | 21,869 | ||||||
American Software, Inc. (Class A) | 470 | 4,639 | ||||||
Ansys, Inc. (a) | 1,889 | 164,721 | ||||||
Aspen Technology, Inc. (a) | 1,898 | 79,336 | ||||||
AVG Technologies NV (a)(b) | 470 | 8,089 | ||||||
Blackbaud, Inc. | 955 | 35,956 | ||||||
Bottomline Technologies, Inc. (a) | 798 | 28,856 | ||||||
BroadSoft, Inc. (a) | 550 | 15,037 | ||||||
Cadence Design Systems, Inc. (a) | 5,747 | 80,573 | ||||||
Callidus Software, Inc. (a) | 798 | 10,957 | ||||||
CommVault Systems, Inc. (a)(b) | 950 | 71,136 | ||||||
Compuware Corp. | 4,329 | 48,528 | ||||||
Comverse, Inc. (a) | 480 | 18,624 | ||||||
Concur Technologies, Inc. (a)(b) | 959 | 98,950 | ||||||
Cyan, Inc. (a)(b) | 155 | 820 | ||||||
Digimarc Corp. | 165 | 3,178 | ||||||
Ebix, Inc. (b) | 633 | 9,318 | ||||||
Ellie Mae, Inc. (a)(b) | 560 | 15,047 | ||||||
EPIQ Systems, Inc. | 630 | 10,212 | ||||||
ePlus, Inc. (a) | 80 | 4,547 | ||||||
FactSet Research Systems, Inc. (b) | 858 | 93,162 | ||||||
Fair Isaac Corp. | 708 | 44,491 | ||||||
FireEye, Inc. (a)(b) | 300 | 13,083 | ||||||
FleetMatics Group PLC (a)(b) | 313 | 13,537 | ||||||
Fortinet, Inc. (a) | 2,756 | 52,722 | ||||||
Gigamon, Inc. (a) | 200 | 5,616 | ||||||
Glu Mobile, Inc. (a)(b) | 1,193 | 4,641 | ||||||
Guidance Software, Inc. (a)(b) | 310 | 3,131 | ||||||
Guidewire Software, Inc. (a) | 975 | 47,843 | ||||||
Imperva, Inc. (a) | 390 | 18,771 | ||||||
Infoblox, Inc. (a)(b) | 1,128 | 37,247 | ||||||
Informatica Corp. (a) | 2,155 | 89,432 | ||||||
Interactive Intelligence Group (a) | 315 | 21,218 | ||||||
Jive Software, Inc. (a) | 888 | 9,990 | ||||||
Manhattan Associates, Inc. (a) | 395 | 46,405 | ||||||
Mentor Graphics Corp. | 1,888 | 45,444 | ||||||
MICROS Systems, Inc. (a)(b) | 1,572 | 90,186 | ||||||
MicroStrategy, Inc. (a) | 150 | 18,636 | ||||||
Mitek Systems, Inc. (a)(b) | 474 | 2,816 | ||||||
Model N, Inc. (a) | 155 | 1,827 | ||||||
Monotype Imaging Holdings, Inc. | 795 | 25,329 | ||||||
Netscout Systems, Inc. (a) | 705 | 20,861 | ||||||
NetSuite, Inc. (a)(b) | 744 | 76,647 | ||||||
Nuance Communications, Inc. (a)(b) | 5,297 | 80,514 | ||||||
Pegasystems, Inc. | 305 | 15,000 | ||||||
Progress Software Corp. (a) | 1,005 | 25,959 | ||||||
Proofpoint, Inc. (a)(b) | 483 | 16,021 | ||||||
PROS Holdings, Inc. (a) | 480 | 19,152 | ||||||
PTC, Inc. (a) | 2,424 | 85,785 | ||||||
QAD, Inc. (Class A) | 170 | 3,002 | ||||||
QLIK Technologies, Inc. (a) | 1,733 | 46,150 | ||||||
Quality Systems, Inc. | 885 | 18,638 | ||||||
Qualys, Inc. (a) | 320 | 7,395 | ||||||
Rally Software Development Corp. (a)(b) | 165 | 3,209 | ||||||
RealPage, Inc. (a) | 950 | 22,211 | ||||||
Rosetta Stone, Inc. (a) | 240 | 2,933 | ||||||
Rovi Corp. (a) | 2,141 | 42,156 | ||||||
Sapiens International Corp. NV | 410 | 3,161 | ||||||
SeaChange International, Inc. (a) | 725 | 8,816 | ||||||
ServiceNow, Inc. (a)(b) | 1,559 | 87,320 | ||||||
Silver Spring Networks, Inc. (a) | 170 | 3,570 | ||||||
SolarWinds, Inc. (a) | 1,349 | 51,033 | ||||||
Solera Holdings, Inc. | 1,359 | 96,163 | ||||||
Splunk, Inc. (a) | 2,050 | 140,773 | ||||||
SS&C Technologies Holdings, Inc. (a) | 1,188 | 52,581 | ||||||
Synchronoss Technologies, Inc. (a)(b) | 645 | 20,040 | ||||||
Synopsys, Inc. (a) | 3,151 | 127,836 | ||||||
Tableau Software, Inc. (Class A) (a) | 150 | 10,339 | ||||||
Take-Two Interactive Software, Inc. (a) | 1,663 | 28,886 | ||||||
Tangoe, Inc. (a)(b) | 635 | 11,436 | ||||||
TeleCommunication Systems, Inc. (Class A) (a) | 1,045 | 2,424 | ||||||
TeleNav, Inc. (a) | 405 | 2,669 | ||||||
TIBCO Software, Inc. (a) | 3,365 | 75,645 | ||||||
TiVo, Inc. (a) | 2,721 | 35,699 | ||||||
Tyler Technologies, Inc. (a) | 630 | 64,342 | ||||||
Ultimate Software Group, Inc. (a) | 607 | 93,005 | ||||||
Vasco Data Security International (a) | 645 | 4,986 | ||||||
Verint Systems, Inc. (a) | 1,118 | 48,007 | ||||||
VirnetX Holding Corp. (a)(b) | 873 | 16,945 | ||||||
VMware, Inc. (Class A) (a)(b) | 1,743 | 156,365 | ||||||
Vringo, Inc. (a)(b) | 1,440 | 4,262 | ||||||
Workday, Inc. (Class A) (a) | 800 | 66,528 |
See accompanying notes to financial statements.
203
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Zynga, Inc. (Class A) (a) | 11,866 | $ | 45,091 | |||||
3,326,412 | ||||||||
SPECIALTY RETAIL — 3.5% | ||||||||
Aaron’s, Inc. (b) | 1,491 | 43,835 | ||||||
Abercrombie & Fitch Co. (Class A) | 1,600 | 52,656 | ||||||
Advance Auto Parts, Inc. | 1,452 | 160,707 | ||||||
Aeropostale, Inc. (a)(b) | 1,678 | 15,253 | ||||||
America’s Car-Mart, Inc. (a)(b) | 155 | 6,546 | ||||||
American Eagle Outfitters, Inc. | 3,908 | 56,275 | ||||||
ANN, Inc. (a) | 948 | 34,659 | ||||||
Asbury Automotive Group, Inc. (a) | 633 | 34,017 | ||||||
Ascena Retail Group, Inc. (a) | 2,606 | 55,143 | ||||||
Barnes & Noble, Inc. (a) | 883 | 13,201 | ||||||
bebe stores, inc. (b) | 713 | 3,793 | ||||||
Big 5 Sporting Goods Corp. | 410 | 8,126 | ||||||
Body Central Corp. (a)(b) | 310 | 1,221 | ||||||
Brown Shoe Co., Inc. | 868 | 24,426 | ||||||
Cabela’s, Inc. (a)(b) | 977 | 65,127 | ||||||
Chico’s FAS, Inc. | 3,281 | 61,814 | ||||||
Christopher & Banks Corp. (a) | 805 | 6,875 | ||||||
Citi Trends, Inc. (a) | 313 | 5,321 | ||||||
Conn’s, Inc. (a)(b) | 480 | 37,819 | ||||||
CST Brands, Inc. (b) | 1,278 | 46,928 | ||||||
Destination Maternity Corp. | 328 | 9,801 | ||||||
Destination XL Group, Inc. (a) | 875 | 5,749 | ||||||
Dick’s Sporting Goods, Inc. | 1,978 | 114,922 | ||||||
DSW, Inc. (Class A) (b) | 1,458 | 62,300 | ||||||
Express, Inc. (a) | 1,843 | 34,409 | ||||||
Five Below, Inc. (a)(b) | 625 | 27,000 | ||||||
Foot Locker, Inc. | 3,033 | 125,688 | ||||||
Francesca’s Holdings Corp. (a)(b) | 965 | 17,766 | ||||||
Genesco, Inc. (a) | 470 | 34,338 | ||||||
GNC Holdings, Inc. (Class A) | 2,010 | 117,484 | ||||||
Group 1 Automotive, Inc. (b) | 485 | 34,445 | ||||||
Guess?, Inc. | 1,184 | 36,787 | ||||||
Haverty Furniture Cos., Inc. | 395 | 12,364 | ||||||
hhgregg, Inc. (a)(b) | 230 | 3,213 | ||||||
Hibbett Sports, Inc. (a)(b) | 560 | 37,638 | ||||||
Jos. A. Bank Clothiers, Inc. (a)(b) | 550 | 30,102 | ||||||
Kirkland’s, Inc. (a) | 325 | 7,693 | ||||||
Lithia Motors, Inc. (Class A) | 480 | 33,322 | ||||||
Lumber Liquidators Holdings, Inc. (a)(b) | 553 | 56,898 | ||||||
MarineMax, Inc. (a) | 475 | 7,638 | ||||||
Mattress Firm Holding Corp. (a)(b) | 230 | 9,899 | ||||||
Monro Muffler Brake, Inc. | 633 | 35,676 | ||||||
Murphy USA, Inc. (a) | 1,000 | 41,560 | ||||||
New York & Co., Inc. (a) | 645 | 2,819 | ||||||
Office Depot, Inc. (a) | 9,712 | 51,376 | ||||||
Outerwall, Inc. (a)(b) | 550 | 36,998 | ||||||
Pacific Sunwear of California, Inc. (a)(b) | 953 | 3,183 | ||||||
Penske Automotive Group, Inc. | 873 | 41,171 | ||||||
Pep Boys-Manny, Moe & Jack (a) | 1,115 | 13,536 | ||||||
Pier 1 Imports, Inc. | 1,993 | 45,998 | ||||||
RadioShack Corp. (a)(b) | 2,161 | 5,619 | ||||||
Rent-A-Center, Inc. (b) | 1,090 | 36,341 | ||||||
Restoration Hardware Holdings, Inc. (a) | 405 | 27,257 | ||||||
Sally Beauty Holdings, Inc. (a) | 3,427 | 103,598 | ||||||
Sears Hometown and Outlet Stores, Inc. (a) | 155 | 3,953 | ||||||
Select Comfort Corp. (a)(b) | 1,201 | 25,329 | ||||||
Shoe Carnival, Inc. | 320 | 9,283 | ||||||
Signet Jewelers, Ltd. | 1,635 | 128,674 | ||||||
Sonic Automotive, Inc. (Class A) | 790 | 19,339 | ||||||
Stage Stores, Inc. (b) | 725 | 16,110 | ||||||
Stein Mart, Inc. | 550 | 7,398 | ||||||
Systemax, Inc. (a) | 240 | 2,700 | ||||||
The Buckle, Inc. (b) | 550 | 28,908 | ||||||
The Cato Corp. (Class A) | 553 | 17,585 | ||||||
The Children’s Place Retail Stores, Inc. (a) | 475 | 27,061 | ||||||
The Container Store Group, Inc. (a)(b) | 300 | 13,983 | ||||||
The Finish Line, Inc. (Class A) | 1,035 | 29,156 | ||||||
The Men’s Wearhouse, Inc. | 930 | 47,504 | ||||||
The Wet Seal, Inc. (Class A) (a)(b) | 1,923 | 5,250 | ||||||
Tile Shop Holdings, Inc. (a)(b) | 400 | 7,228 | ||||||
Tilly’s, Inc. (Class A) (a)(b) | 245 | 2,805 | ||||||
Tractor Supply Co. | 2,849 | 221,025 | ||||||
Trans World Entertainment Corp. (a) | 227 | 1,003 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc. (a) | 1,264 | 122,001 | ||||||
Vitamin Shoppe, Inc. (a) | 638 | 33,182 | ||||||
West Marine, Inc. (a) | 410 | 5,834 | ||||||
Williams-Sonoma, Inc. | 1,975 | 115,103 | ||||||
Winmark Corp. (b) | 90 | 8,336 | ||||||
Zale Corp. (a)(b) | 725 | 11,433 | ||||||
Zumiez, Inc. (a)(b) | 485 | 12,610 | ||||||
2,921,123 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.1% | ||||||||
American Apparel, Inc. (a)(b) | 1,188 | 1,461 | ||||||
Carter’s, Inc. (b) | 1,126 | 80,836 | ||||||
Columbia Sportswear Co. | 230 | 18,112 | ||||||
Costa, Inc. (a) | 250 | 5,432 | ||||||
Crocs, Inc. (a) | 1,928 | 30,694 | ||||||
Culp, Inc. | 155 | 3,170 | ||||||
Deckers Outdoor Corp. (a)(b) | 715 | 60,389 | ||||||
Fifth & Pacific Cos., Inc. (a) | 2,458 | 78,828 | ||||||
G-III Apparel Group, Ltd. (a) | 310 | 22,875 | ||||||
Hanesbrands, Inc. | 2,005 | 140,891 | ||||||
Iconix Brand Group, Inc. (a) | 1,093 | 43,392 | ||||||
Movado Group, Inc. | 305 | 13,423 | ||||||
Oxford Industries, Inc. | 228 | 18,393 | ||||||
Perry Ellis International, Inc. (a)(b) | 235 | 3,711 | ||||||
Quiksilver, Inc. (a)(b) | 2,786 | 24,433 | ||||||
RG Barry Corp. | 245 | 4,728 | ||||||
Skechers U.S.A., Inc. (a) | 793 | 26,272 | ||||||
Steven Madden, Ltd. (a) | 1,227 | 44,896 | ||||||
The Jones Group, Inc. | 1,668 | 24,953 | ||||||
Tumi Holdings, Inc. (a)(b) | 1,043 | 23,520 | ||||||
Under Armour, Inc. (Class A) (a)(b) | 1,662 | 145,093 | ||||||
Unifi, Inc. (a) | 320 | 8,717 | ||||||
Vera Bradley, Inc. (a) | 485 | 11,659 | ||||||
Vince Holding Corp. (a) | 200 | 6,134 | ||||||
Wolverine World Wide, Inc. (b) | 2,060 | 69,958 | ||||||
911,970 | ||||||||
THRIFTS & MORTGAGE FINANCE — 1.1% | ||||||||
Astoria Financial Corp. | 1,928 | 26,664 | ||||||
Banc of California, Inc. | 328 | 4,398 |
See accompanying notes to financial statements.
204
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Bank Mutual Corp. | 950 | $ | 6,659 | |||||
BankFinancial Corp. | 483 | 4,424 | ||||||
BBX Capital Corp. (Class A) (a) | 160 | 2,496 | ||||||
Beneficial Mutual Bancorp, Inc. (a)(b) | 730 | 7,972 | ||||||
Berkshire Hills Bancorp, Inc. | 565 | 15,408 | ||||||
BofI Holding, Inc. (a) | 235 | 18,431 | ||||||
Brookline Bancorp, Inc. | 1,523 | 14,575 | ||||||
Capitol Federal Financial, Inc. | 3,001 | 36,342 | ||||||
Charter Financial Corp. | 478 | 5,148 | ||||||
Clifton Savings Bancorp, Inc. | 155 | 1,984 | ||||||
Dime Community Bancshares | 730 | 12,352 | ||||||
Doral Financial Corp. (a)(b) | 165 | 2,584 | ||||||
ESB Financial Corp. (b) | 230 | 3,266 | ||||||
ESSA Bancorp, Inc. | 150 | 1,734 | ||||||
Essent Group, Ltd. (a) | 400 | 9,624 | ||||||
EverBank Financial Corp. (b) | 1,668 | 30,591 | ||||||
Federal Agricultural Mortgage Corp. (Class C) | 245 | 8,391 | ||||||
First Defiance Financial Corp. | 248 | 6,441 | ||||||
First Federal Bancshares of Arkansas, Inc. (a) | 62 | 539 | ||||||
First Financial Northwest, Inc. | 314 | 3,256 | ||||||
Flagstar Bancorp, Inc. (a) | 395 | 7,750 | ||||||
Fox Chase Bancorp, Inc. | 235 | 4,084 | ||||||
Franklin Financial Corp. (a) | 243 | 4,807 | ||||||
Hingham Institution for Savings (b) | 29 | 2,276 | ||||||
Home Bancorp, Inc. (a) | 165 | 3,110 | ||||||
Home Loan Servicing Solutions, Ltd. | 1,515 | 34,800 | ||||||
HomeStreet, Inc. (b) | 230 | 4,600 | ||||||
Kearny Financial Corp. (a)(b) | 325 | 3,780 | ||||||
Meridian Interstate Bancorp, Inc. (a) | 155 | 3,500 | ||||||
Meta Financial Group, Inc. | 70 | 2,823 | ||||||
MGIC Investment Corp. (a)(b) | 6,557 | 55,341 | ||||||
NASB Financial, Inc. | 89 | 2,688 | ||||||
Nationstar Mortgage Holdings, Inc. (a)(b) | 457 | 16,891 | ||||||
New York Community Bancorp, Inc. (b) | 9,033 | 152,206 | ||||||
Northfield Bancorp, Inc. | 1,188 | 15,682 | ||||||
Northwest Bancshares, Inc. | 1,998 | 29,530 | ||||||
OceanFirst Financial Corp. | 325 | 5,567 | ||||||
Ocwen Financial Corp. (a) | 2,145 | 118,940 | ||||||
Oritani Financial Corp. | 953 | 15,296 | ||||||
PennyMac Financial Services, Inc. (Class A) (a) | 230 | 4,036 | ||||||
Provident Financial Holdings, Inc. | 150 | 2,250 | ||||||
Provident Financial Services, Inc. | 1,280 | 24,730 | ||||||
Radian Group, Inc. (b) | 3,471 | 49,010 | ||||||
Rockville Financial, Inc. | 553 | 7,858 | ||||||
Territorial Bancorp, Inc. | 245 | 5,684 | ||||||
TFS Financial Corp. (a) | 1,711 | 20,729 | ||||||
Tree.com, Inc. (a)(b) | 165 | 5,419 | ||||||
TrustCo Bank Corp. NY | 1,993 | 14,310 | ||||||
United Community Financial Corp. (a)(b) | 888 | 3,170 | ||||||
United Financial Bancorp, Inc. | 395 | 7,462 | ||||||
Walker & Dunlop, Inc. (a) | 310 | 5,013 | ||||||
Washington Federal, Inc. | 2,143 | 49,910 | ||||||
Waterstone Financial, Inc. (a)(b) | 160 | 1,776 | ||||||
Westfield Financial, Inc. | 398 | 2,969 | ||||||
WSFS Financial Corp. | 160 | 12,405 | ||||||
923,681 | ||||||||
TOBACCO — 0.1% | ||||||||
Alliance One International, Inc. (a) | 1,828 | 5,575 | ||||||
Universal Corp. | 475 | 25,935 | ||||||
Vector Group, Ltd. (b) | 1,340 | 21,936 | ||||||
53,446 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 1.0% | ||||||||
Aceto Corp. | 553 | 13,830 | ||||||
Air Lease Corp. | 1,456 | 45,252 | ||||||
Aircastle, Ltd. | 1,433 | 27,456 | ||||||
Applied Industrial Technologies, Inc. | 875 | 42,954 | ||||||
Beacon Roofing Supply, Inc. (a)(b) | 1,038 | 41,811 | ||||||
BlueLinx Holdings, Inc. (a) | 721 | 1,406 | ||||||
CAI International, Inc. (a) | 408 | 9,617 | ||||||
DXP Enterprises, Inc. (a) | 150 | 17,280 | ||||||
GATX Corp. | 911 | 47,527 | ||||||
H&E Equipment Services, Inc. (a) | 640 | 18,963 | ||||||
HD Supply Holdings, Inc. (a)(b) | 1,300 | 31,213 | ||||||
Houston Wire & Cable Co. | 405 | 5,419 | ||||||
Kaman Corp. (b) | 555 | 22,050 | ||||||
MRC Global, Inc. (a) | 1,688 | 54,455 | ||||||
MSC Industrial Direct Co., Inc. (Class A) | 1,001 | 80,951 | ||||||
Rush Enterprises, Inc. (Class A) (a) | 715 | 21,200 | ||||||
Stock Building Supply Holdings, Inc. (a)(b) | 200 | 3,644 | ||||||
TAL International Group, Inc. (a)(b) | 718 | 41,177 | ||||||
Textainer Group Holdings, Ltd. (b) | 422 | 16,973 | ||||||
Titan Machinery, Inc. (a)(b) | 408 | 7,271 | ||||||
United Rentals, Inc. (a)(b) | 1,889 | 147,247 | ||||||
Watsco, Inc. | 472 | 45,340 | ||||||
WESCO International, Inc. (a)(b) | 885 | 80,597 | ||||||
823,633 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 0.0% (d) | ||||||||
Wesco Aircraft Holdings, Inc. (a) | 880 | 19,290 | ||||||
WATER UTILITIES — 0.4% | ||||||||
American States Water Co. | 790 | 22,697 | ||||||
American Water Works Co., Inc. | 3,632 | 153,488 | ||||||
Aqua America, Inc. | 3,559 | 83,957 | ||||||
Artesian Resources Corp. (Class A) | 160 | 3,672 | ||||||
California Water Service Group | 1,045 | 24,108 | ||||||
Connecticut Water Service, Inc. | 240 | 8,522 | ||||||
Consolidated Water Co., Ltd. | 320 | 4,512 | ||||||
Middlesex Water Co. | 315 | 6,596 | ||||||
Pure Cycle Corp. (a)(b) | 408 | 2,583 | ||||||
SJW Corp. | 315 | 9,384 | ||||||
York Water Co. | 230 | 4,814 | ||||||
324,333 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.8% | ||||||||
Boingo Wireless, Inc. (a) | 400 | 2,564 | ||||||
Leap Wireless International, Inc. (a) | 1,110 | 19,314 | ||||||
NII Holdings, Inc. (a)(b) | 3,676 | 10,109 | ||||||
NTELOS Holdings Corp. | 320 | 6,474 | ||||||
SBA Communications Corp. (Class A) (a) | 2,616 | 235,021 | ||||||
Shenandoah Telecommunications Co. (b) | 470 | 12,065 |
See accompanying notes to financial statements.
205
SPDR Russell Small Cap Completeness ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Sprint Corp. (a)(b) | 17,356 | $ | 186,577 | |||||
T-Mobile US, Inc. (a) | 3,785 | 127,327 | ||||||
Telephone & Data Systems, Inc. | 1,928 | 49,704 | ||||||
US Cellular Corp. | 1,069 | 11,249 | ||||||
USA Mobility, Inc. | 485 | 6,926 | ||||||
667,330 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $63,162,507) | 81,961,110 | |||||||
RIGHTS — 0.0% (d) | ||||||||
BIOTECHNOLOGY — 0.0% (d) | ||||||||
Cubist Pharmaceuticals, Inc. (expiring 12/31/16) (a)(b) | 1,038 | 1,401 | ||||||
OIL, GAS & CONSUMABLE FUELS — 0.0% (d) | ||||||||
EXCO Resources, Inc. (expiring 1/9/14) (a) | 2,873 | 460 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $2,307) | 1,861 | |||||||
WARRANTS — 0.0% (d) | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (d) | ||||||||
Tejon Ranch Co. (expiring 08/31/16) (a) (Cost $285) | 48 | 257 | ||||||
SHORT TERM INVESTMENTS — 12.1% | ||||||||
MONEY MARKET FUNDS — 12.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 9,727,439 | 9,727,439 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (f)(g) | 286,183 | 286,183 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $10,013,622) | 10,013,622 | |||||||
TOTAL INVESTMENTS — 111.6% (h) | ||||||||
(Cost $73,178,721) | 91,976,850 | |||||||
OTHER ASSETS & LIABILITIES — (11.6)% | (9,593,551 | ) | ||||||
NET ASSETS — 100.0% | $ | 82,383,299 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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) | 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
See accompanying notes to financial statements.
206
SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
AEROSPACE & DEFENSE — 1.6% | ||||||||
Alliant Techsystems, Inc. | 2,700 | $ | 328,536 | |||||
BE Aerospace, Inc. (a) | 17,979 | 1,564,712 | ||||||
Huntington Ingalls Industries, Inc. | 4,700 | 423,047 | ||||||
2,316,295 | ||||||||
AIRLINES — 0.6% | ||||||||
Alaska Air Group, Inc. | 12,710 | 932,533 | ||||||
AUTO COMPONENTS — 0.6% | ||||||||
Gentex Corp. | 26,275 | 866,812 | ||||||
AUTOMOBILES — 0.1% | ||||||||
Thor Industries, Inc. | 4,032 | 222,687 | ||||||
BIOTECHNOLOGY — 1.3% | ||||||||
Cubist Pharmaceuticals, Inc. (a) | 13,580 | 935,254 | ||||||
United Therapeutics Corp. (a)(b) | 8,411 | 951,116 | ||||||
1,886,370 | ||||||||
BUILDING PRODUCTS — 1.8% | ||||||||
A.O. Smith Corp. | 14,052 | 757,965 | ||||||
Fortune Brands Home & Security, Inc. | 30,336 | 1,386,355 | ||||||
Lennox International, Inc. | 5,571 | 473,869 | ||||||
2,618,189 | ||||||||
CAPITAL MARKETS — 3.4% | ||||||||
Affiliated Managers Group, Inc. (a) | 9,660 | 2,095,061 | ||||||
Eaton Vance Corp. | 13,638 | 583,570 | ||||||
Federated Investors, Inc. (Class B) (b) | 8,500 | 244,800 | ||||||
Greenhill & Co., Inc. | 2,544 | 147,399 | ||||||
SEI Investments Co. | 26,039 | 904,335 | ||||||
Waddell & Reed Financial, Inc. (Class A) | 15,658 | 1,019,649 | ||||||
4,994,814 | ||||||||
CHEMICALS — 1.9% | ||||||||
Albemarle Corp. | 7,115 | 451,020 | ||||||
Cytec Industries, Inc. | 2,673 | 249,017 | ||||||
Minerals Technologies, Inc. | 3,800 | 228,266 | ||||||
NewMarket Corp. (b) | 1,317 | 440,075 | ||||||
RPM International, Inc. | 13,135 | 545,234 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 3,900 | 242,658 | ||||||
Valspar Corp. | 8,065 | 574,954 | ||||||
2,731,224 | ||||||||
COMMERCIAL BANKS — 5.0% | ||||||||
Associated Banc-Corp. | 29,800 | 518,520 | ||||||
BancorpSouth, Inc. | 15,400 | 391,468 | ||||||
Bank of Hawaii Corp. | 3,800 | 224,732 | ||||||
Cathay General Bancorp | 13,538 | 361,871 | ||||||
City National Corp. | 8,597 | 681,054 | ||||||
Commerce Bancshares, Inc. | 6,600 | 296,406 | ||||||
Cullen/Frost Bankers, Inc. | 4,100 | 305,163 | ||||||
East West Bancorp, Inc. | 25,100 | 877,747 | ||||||
FirstMerit Corp. | 15,200 | 337,896 | ||||||
Prosperity Bancshares, Inc. | 5,900 | 374,001 | ||||||
Signature Bank (a) | 8,630 | 927,035 | ||||||
SVB Financial Group (a) | 8,320 | 872,435 | ||||||
Synovus Financial Corp. | 178,483 | 642,539 | ||||||
Webster Financial Corp. | 9,267 | 288,945 | ||||||
Westamerica Bancorporation (b) | 2,200 | 124,212 | ||||||
7,224,024 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.2% | ||||||||
Copart, Inc. (a) | 20,362 | 746,267 | ||||||
Deluxe Corp. | 9,289 | 484,793 | ||||||
Herman Miller, Inc. | 6,853 | 202,301 | ||||||
HNI Corp. | 8,300 | 322,289 | ||||||
Mine Safety Appliances Co. | 3,056 | 156,498 | ||||||
R.R. Donnelley & Sons Co. | 20,700 | 419,796 | ||||||
Rollins, Inc. | 6,829 | 206,850 | ||||||
Waste Connections, Inc. | 14,697 | 641,230 | ||||||
3,180,024 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.1% | ||||||||
ADTRAN, Inc. | 5,000 | 135,050 | ||||||
Ciena Corp. (a)(b) | 18,938 | 453,186 | ||||||
InterDigital, Inc. (b) | 2,695 | 79,476 | ||||||
JDS Uniphase Corp. (a) | 26,900 | 349,162 | ||||||
Plantronics, Inc. | 4,753 | 220,777 | ||||||
Riverbed Technology, Inc. (a) | 16,931 | 306,112 | ||||||
1,543,763 | ||||||||
COMPUTERS & PERIPHERALS — 1.6% | ||||||||
3D Systems Corp. (a)(b) | 17,447 | 1,621,350 | ||||||
Diebold, Inc. | 4,700 | 155,147 | ||||||
NCR Corp. (a) | 17,138 | 583,720 | ||||||
2,360,217 | ||||||||
CONSTRUCTION MATERIALS — 0.8% | ||||||||
Eagle Materials, Inc. | 9,073 | 702,522 | ||||||
Martin Marietta Materials, Inc. | 4,008 | 400,560 | ||||||
1,103,082 | ||||||||
CONTAINERS & PACKAGING — 1.5% | ||||||||
AptarGroup, Inc. | 6,400 | 433,984 | ||||||
Packaging Corp. of America | 17,877 | 1,131,257 | ||||||
Rock-Tenn Co. (Class A) | 5,500 | 577,555 | ||||||
2,142,796 | ||||||||
DISTRIBUTORS — 1.2% | ||||||||
LKQ Corp. (a) | 54,864 | 1,805,026 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.8% | ||||||||
Matthews International Corp. (Class A) | 2,000 | 85,220 | ||||||
Service Corp. International | 22,542 | 408,687 | ||||||
Sotheby’s | 12,457 | 662,712 | ||||||
1,156,619 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 1.2% | ||||||||
CBOE Holdings, Inc. | 15,850 | 823,566 | ||||||
MSCI, Inc. (Class A) (a) | 21,554 | 942,341 | ||||||
1,765,907 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.3% | ||||||||
tw telecom, Inc. (a) | 14,243 | 433,984 | ||||||
ELECTRICAL EQUIPMENT — 1.0% | ||||||||
Acuity Brands, Inc. | 7,860 | 859,255 | ||||||
Hubbell, Inc. (Class B) | 5,294 | 576,517 | ||||||
1,435,772 | ||||||||
See accompanying notes to financial statements.
207
SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.3% | ||||||||
Mettler-Toledo International, Inc. (a) | 5,437 | $ | 1,318,962 | |||||
National Instruments Corp. | 11,470 | 367,269 | ||||||
Trimble Navigation, Ltd. (a) | 47,030 | 1,631,941 | ||||||
3,318,172 | ||||||||
ENERGY EQUIPMENT & SERVICES — 3.4% | ||||||||
CARBO Ceramics, Inc. | 3,635 | 423,586 | ||||||
Dresser-Rand Group, Inc. (a) | 8,205 | 489,264 | ||||||
Dril-Quip, Inc. (a) | 7,376 | 810,844 | ||||||
Oceaneering International, Inc. | 19,720 | 1,555,514 | ||||||
Oil States International, Inc. (a) | 10,052 | 1,022,489 | ||||||
Patterson-UTI Energy, Inc. | 26,230 | 664,144 | ||||||
4,965,841 | ||||||||
FOOD & STAPLES RETAILING — 0.2% | ||||||||
SUPERVALU, Inc. (a)(b) | 36,159 | 263,599 | ||||||
FOOD PRODUCTS — 2.5% | ||||||||
Flowers Foods, Inc. | 22,216 | 476,978 | ||||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 23,875 | 1,804,472 | ||||||
Hain Celestial Group, Inc. (a) | 8,700 | 789,786 | ||||||
Lancaster Colony Corp. | 1,681 | 148,180 | ||||||
Tootsie Roll Industries, Inc. (b) | 1,842 | 59,939 | ||||||
WhiteWave Foods Co. (Class A) (a) | 16,920 | 388,145 | ||||||
3,667,500 | ||||||||
GAS UTILITIES — 0.6% | ||||||||
National Fuel Gas Co. | 6,900 | 492,660 | ||||||
Questar Corp. | 15,100 | 347,149 | ||||||
839,809 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.8% | ||||||||
Hill-Rom Holdings, Inc. | 5,900 | 243,906 | ||||||
Hologic, Inc. (a) | 29,593 | 661,404 | ||||||
IDEXX Laboratories, Inc. (a) | 5,666 | 602,692 | ||||||
Masimo Corp. (a) | 9,413 | 275,142 | ||||||
ResMed, Inc. (b) | 16,653 | 784,023 | ||||||
STERIS Corp. | 6,500 | 312,325 | ||||||
Teleflex, Inc. | 3,500 | 328,510 | ||||||
The Cooper Cos., Inc. | 5,572 | 690,037 | ||||||
Thoratec Corp. (a) | 5,802 | 212,353 | ||||||
4,110,392 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.9% | ||||||||
Health Management Associates, Inc. (Class A) (a) | 19,900 | 260,690 | ||||||
Henry Schein, Inc. (a) | 8,803 | 1,005,831 | ||||||
HMS Holdings Corp. (a) | 10,577 | 240,415 | ||||||
MEDNAX, Inc. (a) | 12,152 | 648,674 | ||||||
Omnicare, Inc. | 7,400 | 446,664 | ||||||
Universal Health Services, Inc. (Class B) | 16,300 | 1,324,538 | ||||||
VCA Antech, Inc. (a) | 8,100 | 254,016 | ||||||
4,180,828 | ||||||||
HEALTH CARE TECHNOLOGY — 0.2% | ||||||||
Allscripts Healthcare Solutions, Inc. (a) | 15,700 | 242,722 | ||||||
HOTELS, RESTAURANTS & LEISURE — 2.5% | ||||||||
Bally Technologies, Inc. (a)(b) | 7,141 | 560,212 | ||||||
Bob Evans Farms, Inc. | 2,280 | 115,345 | ||||||
Brinker International, Inc. | 12,151 | 563,077 | ||||||
Domino’s Pizza, Inc. | 10,219 | 711,753 | ||||||
Panera Bread Co. (Class A) (a) | 4,836 | 854,473 | ||||||
Scientific Games Corp. (Class A) (a) | 8,900 | 150,677 | ||||||
The Cheesecake Factory, Inc. | 5,707 | 275,477 | ||||||
The Wendy’s Co. | 51,800 | 451,696 | ||||||
3,682,710 | ||||||||
HOUSEHOLD DURABLES — 2.9% | ||||||||
Jarden Corp. (a) | 21,767 | 1,335,406 | ||||||
NVR, Inc. (a) | 401 | 411,430 | ||||||
Tempur Sealy International, Inc. (a)(b) | 11,077 | 597,715 | ||||||
Toll Brothers, Inc. (a) | 28,904 | 1,069,448 | ||||||
Tupperware Brands Corp. (b) | 9,263 | 875,631 | ||||||
4,289,630 | ||||||||
HOUSEHOLD PRODUCTS — 1.0% | ||||||||
Church & Dwight Co., Inc. | 13,912 | 922,087 | ||||||
Energizer Holdings, Inc. | 5,100 | 552,024 | ||||||
1,474,111 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.3% | ||||||||
Carlisle Cos., Inc. | 5,994 | 475,924 | ||||||
INSURANCE — 1.2% | ||||||||
Arthur J. Gallagher & Co. | 13,597 | 638,107 | ||||||
Brown & Brown, Inc. | 11,435 | 358,945 | ||||||
Old Republic International Corp. | 43,900 | 758,153 | ||||||
RenaissanceRe Holdings, Ltd. | 200 | 19,468 | ||||||
1,774,673 | ||||||||
INTERNET SOFTWARE & SERVICES — 1.4% | ||||||||
Equinix, Inc. (a) | 5,136 | 911,383 | ||||||
Rackspace Hosting, Inc. (a)(b) | 20,845 | 815,665 | ||||||
ValueClick, Inc. (a)(b) | 11,568 | 270,344 | ||||||
1,997,392 | ||||||||
IT SERVICES — 4.7% | ||||||||
Acxiom Corp. (a) | 13,788 | 509,880 | ||||||
Broadridge Financial Solutions, Inc. | 21,731 | 858,809 | ||||||
CoreLogic, Inc. (a) | 17,058 | 606,071 | ||||||
DST Systems, Inc. | 3,000 | 272,220 | ||||||
Gartner, Inc. (a) | 16,756 | 1,190,514 | ||||||
Global Payments, Inc. | 13,297 | 864,172 | ||||||
Jack Henry & Associates, Inc. | 15,562 | 921,426 | ||||||
Lender Processing Services, Inc. | 7,008 | 261,959 | ||||||
NeuStar, Inc. (Class A) (a) | 11,454 | 571,096 | ||||||
WEX, Inc. (a) | 7,123 | 705,391 | ||||||
6,761,538 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 1.7% | ||||||||
Brunswick Corp. | 16,500 | 759,990 | ||||||
Polaris Industries, Inc. | 11,761 | 1,712,872 | ||||||
2,472,862 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 1.2% | ||||||||
Charles River Laboratories International, Inc. (a) | 8,859 | 469,882 | ||||||
Covance, Inc. (a) | 10,253 | 902,879 | ||||||
Techne Corp. | 3,402 | 322,067 | ||||||
1,694,828 | ||||||||
See accompanying notes to financial statements.
208
SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
MACHINERY — 6.5% | ||||||||
CLARCOR, Inc. | 4,789 | $ | 308,172 | |||||
Crane Co. | 4,700 | 316,075 | ||||||
Donaldson Co., Inc. | 14,668 | 637,471 | ||||||
Graco, Inc. | 11,232 | 877,444 | ||||||
Harsco Corp. | 7,000 | 196,210 | ||||||
IDEX Corp. | 14,785 | 1,091,872 | ||||||
ITT Corp. | 6,465 | 280,710 | ||||||
Kennametal, Inc. | 5,800 | 302,006 | ||||||
Lincoln Electric Holdings, Inc. | 14,877 | 1,061,325 | ||||||
Nordson Corp. | 11,051 | 821,089 | ||||||
Terex Corp. | 20,266 | 850,970 | ||||||
Trinity Industries, Inc. | 14,300 | 779,636 | ||||||
Valmont Industries, Inc. (b) | 2,352 | 350,730 | ||||||
Wabtec Corp. | 17,531 | 1,302,028 | ||||||
Woodward, Inc. | 4,700 | 214,367 | ||||||
9,390,105 | ||||||||
MARINE — 0.7% | ||||||||
Kirby Corp. (a)(b) | 10,335 | 1,025,749 | ||||||
MEDIA — 1.4% | ||||||||
AMC Networks, Inc. (Class A) (a) | 10,834 | 737,904 | ||||||
Cinemark Holdings, Inc. | 8,594 | 286,438 | ||||||
DreamWorks Animation SKG, Inc. (Class A) (a) | 13,100 | 465,050 | ||||||
Lamar Advertising Co. (Class A) (a) | 7,444 | 388,949 | ||||||
Meredith Corp. | 4,200 | 217,560 | ||||||
2,095,901 | ||||||||
METALS & MINING — 0.7% | ||||||||
Carpenter Technology Corp. | 5,969 | 371,272 | ||||||
Compass Minerals International, Inc. | 2,439 | 195,242 | ||||||
Worthington Industries, Inc. | 9,759 | 410,658 | ||||||
977,172 | ||||||||
OFFICE ELECTRONICS — 0.2% | ||||||||
Zebra Technologies Corp. (Class A) (a) | 5,406 | 292,356 | ||||||
OIL, GAS & CONSUMABLE FUELS — 2.9% | ||||||||
Bill Barrett Corp. (a) | 4,200 | 112,476 | ||||||
Cimarex Energy Co. | 9,946 | 1,043,435 | ||||||
Energen Corp. | 7,800 | 551,850 | ||||||
Gulfport Energy Corp. (a) | 15,332 | 968,216 | ||||||
Rosetta Resources, Inc. (a) | 11,080 | 532,283 | ||||||
SM Energy Co. | 12,187 | 1,012,861 | ||||||
4,221,121 | ||||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||||
Louisiana-Pacific Corp. (a) | 12,473 | 230,875 | ||||||
PHARMACEUTICALS — 1.7% | ||||||||
Endo Health Solutions, Inc. (a) | 20,954 | 1,413,557 | ||||||
Salix Pharmaceuticals, Ltd. (a) | 11,518 | 1,035,929 | ||||||
2,449,486 | ||||||||
PROFESSIONAL SERVICES — 1.5% | ||||||||
FTI Consulting, Inc. (a) | 4,100 | 168,674 | ||||||
The Corporate Executive Board Co. | 6,148 | 476,040 | ||||||
Towers Watson & Co. (Class A) | 11,800 | 1,505,798 | ||||||
2,150,512 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 5.1% | ||||||||
BRE Properties, Inc. | 9,510 | 520,292 | ||||||
Duke Realty Corp. | 22,718 | 341,679 | ||||||
Equity One, Inc. | 4,696 | 105,378 | ||||||
Essex Property Trust, Inc. | 3,975 | 570,452 | ||||||
Extra Space Storage, Inc. | 19,890 | 837,966 | ||||||
Federal Realty Investment Trust | 6,006 | 609,069 | ||||||
Highwoods Properties, Inc. | 7,220 | 261,147 | ||||||
Kilroy Realty Corp. | 6,963 | 349,403 | ||||||
Liberty Property Trust | 13,200 | 447,084 | ||||||
Mid-America Apartment Communities, Inc. | 5,892 | 357,880 | ||||||
OMEGA Healthcare Investors, Inc. | 22,041 | 656,822 | ||||||
Potlatch Corp. | 3,821 | 159,489 | ||||||
Rayonier, Inc. | 9,689 | 407,907 | ||||||
Regency Centers Corp. | 7,601 | 351,926 | ||||||
Senior Housing Properties Trust | 15,586 | 346,477 | ||||||
Taubman Centers, Inc. | 6,024 | 385,054 | ||||||
UDR, Inc. | 19,294 | 450,515 | ||||||
Weingarten Realty Investors | 9,272 | 254,238 | ||||||
7,412,778 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.2% | ||||||||
Alexander & Baldwin, Inc. | 7,800 | 325,494 | ||||||
ROAD & RAIL — 2.2% | ||||||||
Con-way, Inc. | 4,600 | 182,666 | ||||||
Genesee & Wyoming, Inc. (Class A) (a) | 9,292 | 892,497 | ||||||
J.B. Hunt Transport Services, Inc. | 16,749 | 1,294,698 | ||||||
Landstar System, Inc. | 3,481 | 199,983 | ||||||
Old Dominion Freight Line, Inc. (a) | 12,700 | 673,354 | ||||||
3,243,198 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.3% | ||||||||
Advanced Micro Devices, Inc. (a)(b) | 53,100 | 205,497 | ||||||
Atmel Corp. (a) | 33,579 | 262,924 | ||||||
Cree, Inc. (a)(b) | 21,990 | 1,375,914 | ||||||
Cypress Semiconductor Corp. (a)(b) | 10,496 | 110,208 | ||||||
Integrated Device Technology, Inc. (a) | 15,953 | 162,561 | ||||||
Semtech Corp. (a) | 6,460 | 163,309 | ||||||
Skyworks Solutions, Inc. (a) | 22,059 | 630,005 | ||||||
SunEdison, Inc. (a) | 31,100 | 405,855 | ||||||
3,316,273 | ||||||||
SOFTWARE — 6.7% | ||||||||
ACI Worldwide, Inc. (a) | 7,056 | 458,640 | ||||||
Advent Software, Inc. | 7,374 | 258,016 | ||||||
Ansys, Inc. (a) | 16,915 | 1,474,988 | ||||||
Cadence Design Systems, Inc. (a) | 35,430 | 496,729 | ||||||
CommVault Systems, Inc. (a) | 8,075 | 604,656 | ||||||
Compuware Corp. | 16,300 | 182,723 | ||||||
Concur Technologies, Inc. (a)(b) | 8,594 | 886,729 | ||||||
FactSet Research Systems, Inc. (b) | 4,789 | 519,990 | ||||||
Fair Isaac Corp. | 6,284 | 394,887 | ||||||
Informatica Corp. (a) | 19,900 | 825,850 | ||||||
Mentor Graphics Corp. | 17,860 | 429,890 | ||||||
MICROS Systems, Inc. (a)(b) | 8,720 | 500,266 | ||||||
PTC, Inc. (a) | 21,911 | 775,430 | ||||||
SolarWinds, Inc. (a) | 12,040 | 455,473 | ||||||
Solera Holdings, Inc. | 8,589 | 607,758 | ||||||
Synopsys, Inc. (a) | 12,320 | 499,822 |
See accompanying notes to financial statements.
209
SPDR S&P 400 Mid Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
TIBCO Software, Inc. (a) | 15,489 | $ | 348,193 | |||||
9,720,040 | ||||||||
SPECIALTY RETAIL — 3.3% | ||||||||
Advance Auto Parts, Inc. | 7,814 | 864,854 | ||||||
Cabela’s, Inc. (a)(b) | 4,083 | 272,173 | ||||||
Chico’s FAS, Inc. | 12,823 | 241,585 | ||||||
Office Depot, Inc. (a) | 37,645 | 199,142 | ||||||
Signet Jewelers, Ltd. | 7,946 | 625,350 | ||||||
Tractor Supply Co. | 25,470 | 1,975,963 | ||||||
Williams-Sonoma, Inc. | 10,093 | 588,220 | ||||||
4,767,287 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 2.6% | ||||||||
Carter’s, Inc. | 9,962 | 715,172 | ||||||
Deckers Outdoor Corp. (a) | 6,300 | 532,098 | ||||||
Hanesbrands, Inc. | 18,086 | 1,270,903 | ||||||
Under Armour, Inc. (Class A) (a)(b) | 14,624 | 1,276,675 | ||||||
3,794,848 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.3% | ||||||||
Washington Federal, Inc. | 18,674 | 434,917 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 1.3% | ||||||||
MSC Industrial Direct Co., Inc. (Class A) | 4,307 | 348,307 | ||||||
United Rentals, Inc. (a)(b) | 16,944 | 1,320,785 | ||||||
Watsco, Inc. | 2,058 | 197,691 | ||||||
1,866,783 | ||||||||
WATER UTILITIES — 0.3% | ||||||||
Aqua America, Inc. | 15,886 | 374,751 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $128,390,426) | 145,022,315 | |||||||
SHORT TERM INVESTMENTS — 5.4% | ||||||||
MONEY MARKET FUNDS — 5.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 7,665,826 | 7,665,826 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 173,483 | 173,483 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $7,839,309) | 7,839,309 | |||||||
TOTAL INVESTMENTS — 105.3% (f) | ||||||||
(Cost $136,229,735) | 152,861,624 | |||||||
OTHER ASSETS & LIABILITIES — (5.3)% | (7,636,532 | ) | ||||||
NET ASSETS — 100.0% | $ | 145,225,092 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
210
SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AEROSPACE & DEFENSE — 2.0% | ||||||||
Alliant Techsystems, Inc. | 1,743 | $ | 212,088 | |||||
Esterline Technologies Corp. (a) | 3,155 | 321,684 | ||||||
Exelis, Inc. | 18,870 | 359,662 | ||||||
Huntington Ingalls Industries, Inc. | 2,374 | 213,684 | ||||||
Triumph Group, Inc. (b) | 5,223 | 397,314 | ||||||
1,504,432 | ||||||||
AIR FREIGHT & LOGISTICS — 0.2% | ||||||||
UTI Worldwide, Inc. (b) | 9,123 | 160,200 | ||||||
AIRLINES — 0.2% | ||||||||
JetBlue Airways Corp. (a)(b) | 21,690 | 185,450 | ||||||
AUTOMOBILES — 0.2% | ||||||||
Thor Industries, Inc. | 2,300 | 127,029 | ||||||
BUILDING PRODUCTS — 0.2% | ||||||||
Lennox International, Inc. | 1,500 | 127,590 | ||||||
CAPITAL MARKETS — 1.9% | ||||||||
Apollo Investment Corp. | 22,897 | 194,167 | ||||||
Eaton Vance Corp. | 4,600 | 196,834 | ||||||
Federated Investors, Inc. (Class B) (b) | 4,788 | 137,894 | ||||||
Greenhill & Co., Inc. (b) | 1,257 | 72,831 | ||||||
Janus Capital Group, Inc. (b) | 14,918 | 184,536 | ||||||
Raymond James Financial, Inc. (b) | 12,455 | 650,026 | ||||||
1,436,288 | ||||||||
CHEMICALS — 3.9% | ||||||||
Albemarle Corp. | 4,276 | 271,056 | ||||||
Ashland, Inc. | 7,289 | 707,325 | ||||||
Cabot Corp. (b) | 6,028 | 309,839 | ||||||
Cytec Industries, Inc. | 2,088 | 194,518 | ||||||
Intrepid Potash, Inc. (a)(b) | 5,467 | 86,597 | ||||||
Minerals Technologies, Inc. | 1,402 | 84,218 | ||||||
NewMarket Corp. | 420 | 140,343 | ||||||
Olin Corp. (b) | 7,946 | 229,242 | ||||||
RPM International, Inc. | 6,125 | 254,249 | ||||||
Sensient Technologies Corp. | 5,076 | 246,287 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 2,312 | 143,853 | ||||||
Valspar Corp. | 3,700 | 263,773 | ||||||
2,931,300 | ||||||||
COMMERCIAL BANKS — 4.2% | ||||||||
Bank of Hawaii Corp. (b) | 2,473 | 146,253 | ||||||
Commerce Bancshares, Inc. | 4,607 | 206,900 | ||||||
Cullen/Frost Bankers, Inc. (b) | 3,043 | 226,490 | ||||||
First Horizon National Corp. (b) | 24,082 | 280,555 | ||||||
First Niagara Financial Group, Inc. | 35,892 | 381,173 | ||||||
FirstMerit Corp. | 8,292 | 184,331 | ||||||
Fulton Financial Corp. (b) | 19,258 | 251,895 | ||||||
Hancock Holding Co. | 8,259 | 302,940 | ||||||
International Bancshares Corp. (b) | 5,668 | 149,579 | ||||||
Prosperity Bancshares, Inc. (b) | 2,431 | 154,101 | ||||||
TCF Financial Corp. | 16,492 | 267,995 | ||||||
Trustmark Corp. (b) | 6,765 | 181,573 | ||||||
Valley National Bancorp (b) | 19,938 | 201,773 | ||||||
Webster Financial Corp. (b) | 3,971 | 123,816 | ||||||
Westamerica Bancorporation (b) | 1,529 | 86,327 | ||||||
3,145,701 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.4% | ||||||||
Clean Harbors, Inc. (a)(b) | 5,600 | 335,776 | ||||||
Herman Miller, Inc. | 2,207 | 65,151 | ||||||
Mine Safety Appliances Co. (b) | 1,485 | 76,047 | ||||||
R.R. Donnelley & Sons Co. (b) | 6,877 | 139,465 | ||||||
Rollins, Inc. | 2,528 | 76,573 | ||||||
The Brink’s Co. | 4,977 | 169,915 | ||||||
Waste Connections, Inc. | 4,302 | 187,696 | ||||||
1,050,623 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.9% | ||||||||
ADTRAN, Inc. (b) | 3,059 | 82,624 | ||||||
InterDigital, Inc. (b) | 2,700 | 79,623 | ||||||
JDS Uniphase Corp. (a) | 8,600 | 111,628 | ||||||
Plantronics, Inc. | 1,784 | 82,867 | ||||||
Polycom, Inc. (a)(b) | 14,284 | 160,409 | ||||||
Riverbed Technology, Inc. (a) | 7,000 | 126,560 | ||||||
643,711 | ||||||||
COMPUTERS & PERIPHERALS — 0.8% | ||||||||
Diebold, Inc. (b) | 3,807 | 125,669 | ||||||
Lexmark International, Inc. (Class A) (b) | 6,255 | 222,178 | ||||||
NCR Corp. (a) | 7,335 | 249,830 | ||||||
597,677 | ||||||||
CONSTRUCTION & ENGINEERING — 1.7% | ||||||||
Aecom Technology Corp. (a) | 9,869 | 290,445 | ||||||
Granite Construction, Inc. (b) | 3,586 | 125,438 | ||||||
KBR, Inc. | 15,064 | 480,391 | ||||||
URS Corp. | 7,560 | 400,604 | ||||||
1,296,878 | ||||||||
CONSTRUCTION MATERIALS — 0.3% | ||||||||
Martin Marietta Materials, Inc. (b) | 2,496 | 249,450 | ||||||
CONTAINERS & PACKAGING — 1.9% | ||||||||
AptarGroup, Inc. | 3,086 | 209,262 | ||||||
Greif, Inc. (Class A) | 3,093 | 162,073 | ||||||
Rock-Tenn Co. (Class A) | 4,268 | 448,183 | ||||||
Silgan Holdings, Inc. | 4,410 | 211,768 | ||||||
Sonoco Products Co. (b) | 10,348 | 431,718 | ||||||
1,463,004 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.9% | ||||||||
Apollo Education Group, Inc. (a) | 9,982 | 272,708 | ||||||
DeVry Education Group, Inc. | 5,731 | 203,451 | ||||||
Matthews International Corp. (Class A) (b) | 1,669 | 71,116 | ||||||
Service Corp. International | 8,900 | 161,357 | ||||||
708,632 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.3% | ||||||||
tw telecom, Inc. (a) | 6,600 | 201,102 | ||||||
ELECTRIC UTILITIES — 3.3% | ||||||||
Cleco Corp. | 6,135 | 286,014 | ||||||
Great Plains Energy, Inc. | 15,630 | 378,871 | ||||||
Hawaiian Electric Industries, Inc. (b) | 9,975 | 259,949 | ||||||
IDACORP, Inc. (b) | 5,101 | 264,436 | ||||||
OGE Energy Corp. | 20,077 | 680,610 | ||||||
PNM Resources, Inc. | 7,936 | 191,416 |
See accompanying notes to financial statements.
211
SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Westar Energy, Inc. (b) | 12,894 | $ | 414,800 | |||||
2,476,096 | ||||||||
ELECTRICAL EQUIPMENT — 1.0% | ||||||||
General Cable Corp. (b) | 4,966 | 146,050 | ||||||
Hubbell, Inc. (Class B) | 2,528 | 275,299 | ||||||
Regal-Beloit Corp. | 4,579 | 337,564 | ||||||
758,913 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.9% | ||||||||
Arrow Electronics, Inc. (a) | 10,185 | 552,536 | ||||||
Avnet, Inc. | 13,895 | 612,909 | ||||||
Ingram Micro, Inc. (Class A) (a) | 15,630 | 366,680 | ||||||
Itron, Inc. (a)(b) | 3,900 | 161,577 | ||||||
National Instruments Corp. | 3,500 | 112,070 | ||||||
Tech Data Corp. (a) | 3,798 | 195,977 | ||||||
Vishay Intertechnology, Inc. (a)(b) | 13,520 | 179,275 | ||||||
2,181,024 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.2% | ||||||||
Atwood Oceanics, Inc. (a)(b) | 5,831 | 311,317 | ||||||
Dresser-Rand Group, Inc. (a)(b) | 3,197 | 190,637 | ||||||
Helix Energy Solutions Group, Inc. (a)(b) | 9,889 | 229,227 | ||||||
Superior Energy Services, Inc. (a) | 16,141 | 429,512 | ||||||
Tidewater, Inc. | 5,025 | 297,832 | ||||||
Unit Corp. (a)(b) | 4,373 | 225,734 | ||||||
1,684,259 | ||||||||
FOOD & STAPLES RETAILING — 0.8% | ||||||||
Harris Teeter Supermarkets, Inc. (b) | 4,934 | 243,493 | ||||||
United Natural Foods, Inc. (a)(b) | 5,020 | 378,458 | ||||||
621,951 | ||||||||
FOOD PRODUCTS — 2.3% | ||||||||
Dean Foods Co. (a) | 9,422 | 161,964 | ||||||
Flowers Foods, Inc. (b) | 5,463 | 117,291 | ||||||
Hillshire Brands Co. | 12,455 | 416,495 | ||||||
Ingredion, Inc. | 7,800 | 533,988 | ||||||
Lancaster Colony Corp. | 1,013 | 89,296 | ||||||
Post Holdings, Inc. (a)(b) | 3,292 | 162,197 | ||||||
Tootsie Roll Industries, Inc. | 1,059 | 34,460 | ||||||
WhiteWave Foods Co. (Class A) (a) | 8,116 | 186,181 | ||||||
1,701,872 | ||||||||
GAS UTILITIES — 2.2% | ||||||||
Atmos Energy Corp. | 9,243 | 419,817 | ||||||
National Fuel Gas Co. (b) | 4,688 | 334,723 | ||||||
Questar Corp. | 9,245 | 212,543 | ||||||
UGI Corp. | 11,570 | 479,692 | ||||||
WGL Holdings, Inc. | 5,165 | 206,910 | ||||||
1,653,685 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.0% | ||||||||
Hill-Rom Holdings, Inc. (b) | 2,636 | 108,972 | ||||||
Hologic, Inc. (a)(b) | 11,236 | 251,124 | ||||||
IDEXX Laboratories, Inc. (a) | 2,100 | 223,377 | ||||||
ResMed, Inc. (b) | 5,200 | 244,816 | ||||||
STERIS Corp. (b) | 2,394 | 115,032 | ||||||
Teleflex, Inc. (b) | 2,223 | 208,651 | ||||||
The Cooper Cos., Inc. (b) | 1,900 | 235,296 | ||||||
Thoratec Corp. (a)(b) | 2,600 | 95,160 | ||||||
1,482,428 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.8% | ||||||||
Community Health Systems, Inc. (a) | 9,540 | 374,636 | ||||||
Health Management Associates, Inc. (Class A) (a)(b) | 15,596 | 204,308 | ||||||
Health Net, Inc. (a) | 7,963 | 236,262 | ||||||
Henry Schein, Inc. (a)(b) | 3,868 | 441,958 | ||||||
HMS Holdings Corp. (a) | 3,100 | 70,463 | ||||||
LifePoint Hospitals, Inc. (a) | 4,742 | 250,567 | ||||||
MEDNAX, Inc. (a)(b) | 3,430 | 183,093 | ||||||
Omnicare, Inc. (b) | 6,317 | 381,294 | ||||||
Owens & Minor, Inc. (b) | 6,309 | 230,657 | ||||||
VCA Antech, Inc. (a) | 4,468 | 140,117 | ||||||
WellCare Health Plans, Inc. (a) | 4,463 | 314,284 | ||||||
2,827,639 | ||||||||
HEALTH CARE TECHNOLOGY — 0.2% | ||||||||
Allscripts Healthcare Solutions, Inc. (a) | 7,305 | 112,935 | ||||||
HOTELS, RESTAURANTS & LEISURE — 0.6% | ||||||||
Bob Evans Farms, Inc. | 1,500 | 75,885 | ||||||
International Speedway Corp. (Class A) | 2,829 | 100,401 | ||||||
Life Time Fitness, Inc. (a)(b) | 3,957 | 185,979 | ||||||
The Cheesecake Factory, Inc. (b) | 1,700 | 82,059 | ||||||
444,324 | ||||||||
HOUSEHOLD DURABLES — 0.6% | ||||||||
KB Home (b) | 8,300 | 151,724 | ||||||
M.D.C. Holdings, Inc. (b) | 3,900 | 125,736 | ||||||
NVR, Inc. (a) | 201 | 206,228 | ||||||
483,688 | ||||||||
HOUSEHOLD PRODUCTS — 1.1% | ||||||||
Church & Dwight Co., Inc. | 6,348 | 420,745 | ||||||
Energizer Holdings, Inc. | 3,499 | 378,732 | ||||||
799,477 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.3% | ||||||||
Carlisle Cos., Inc. | 3,116 | 247,410 | ||||||
INSURANCE — 9.1% | ||||||||
Alleghany Corp. (a) | 1,694 | 677,532 | ||||||
American Financial Group, Inc. | 7,177 | 414,257 | ||||||
Arthur J. Gallagher & Co. | 5,694 | 267,219 | ||||||
Aspen Insurance Holdings, Ltd. | 6,578 | 271,737 | ||||||
Brown & Brown, Inc. | 5,721 | 179,582 | ||||||
Everest Re Group, Ltd. | 4,860 | 757,528 | ||||||
Fidelity National Financial, Inc. (Class A) (b) | 25,253 | 819,460 | ||||||
First American Financial Corp. | 10,600 | 298,920 | ||||||
HCC Insurance Holdings, Inc. | 10,130 | 467,398 | ||||||
Kemper Corp. | 5,199 | 212,535 | ||||||
Mercury General Corp. (b) | 3,645 | 181,193 | ||||||
Primerica, Inc. | 5,473 | 234,847 | ||||||
Protective Life Corp. | 7,902 | 400,315 | ||||||
Reinsurance Group of America, Inc. | 7,165 | 554,643 | ||||||
RenaissanceRe Holdings, Ltd. | 200 | 19,468 | ||||||
StanCorp Financial Group, Inc. | 4,429 | 293,421 | ||||||
The Hanover Insurance Group, Inc. | 4,460 | 266,307 |
See accompanying notes to financial statements.
212
SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
W.R. Berkley Corp. | 11,141 | $ | 483,408 | |||||
6,799,770 | ||||||||
INTERNET & CATALOG RETAIL — 0.3% | ||||||||
HSN, Inc. | 3,400 | 211,820 | ||||||
INTERNET SOFTWARE & SERVICES — 1.0% | ||||||||
AOL, Inc. (a) | 7,887 | 367,692 | ||||||
Equinix, Inc. (a)(b) | 2,200 | 390,390 | ||||||
758,082 | ||||||||
IT SERVICES — 1.8% | ||||||||
Convergys Corp. (b) | 10,134 | 213,321 | ||||||
DST Systems, Inc. | 1,350 | 122,499 | ||||||
Leidos Holdings, Inc. (b) | 7,301 | 339,423 | ||||||
Lender Processing Services, Inc. | 4,677 | 174,826 | ||||||
ManTech International Corp. (Class A) (b) | 2,334 | 69,857 | ||||||
Science Applications International Corp. (b) | 4,161 | 137,604 | ||||||
VeriFone Systems, Inc. (a) | 10,940 | 293,411 | ||||||
1,350,941 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.5% | ||||||||
Bio-Rad Laboratories, Inc. (Class A) (a) | 2,056 | 254,142 | ||||||
Techne Corp. | 1,408 | 133,296 | ||||||
387,438 | ||||||||
MACHINERY — 4.6% | ||||||||
AGCO Corp. (b) | 9,191 | 544,015 | ||||||
CLARCOR, Inc. (b) | 2,420 | 155,727 | ||||||
Crane Co. | 2,396 | 161,131 | ||||||
Donaldson Co., Inc. | 5,383 | 233,945 | ||||||
Harsco Corp. | 4,293 | 120,333 | ||||||
ITT Corp. | 5,554 | 241,154 | ||||||
Kennametal, Inc. | 4,725 | 246,031 | ||||||
Oshkosh Corp. | 8,734 | 440,019 | ||||||
SPX Corp. | 4,644 | 462,589 | ||||||
Timken Co. | 8,100 | 446,067 | ||||||
Valmont Industries, Inc. (b) | 1,400 | 208,768 | ||||||
Woodward, Inc. | 3,534 | 161,186 | ||||||
3,420,965 | ||||||||
MARINE — 0.1% | ||||||||
Matson, Inc. (b) | 4,267 | 111,411 | ||||||
MEDIA — 1.3% | ||||||||
Cinemark Holdings, Inc. | 5,700 | 189,981 | ||||||
John Wiley & Sons, Inc. (Class A) (b) | 4,634 | 255,797 | ||||||
Lamar Advertising Co. (Class A) (a)(b) | 2,500 | 130,625 | ||||||
Meredith Corp. | 1,416 | 73,349 | ||||||
The New York Times Co. (Class A) (b) | 12,566 | 199,422 | ||||||
Valassis Communications, Inc. (b) | 3,849 | 131,828 | ||||||
981,002 | ||||||||
METALS & MINING — 2.5% | ||||||||
Carpenter Technology Corp. (b) | 2,027 | 126,079 | ||||||
Commercial Metals Co. | 11,713 | 238,125 | ||||||
Compass Minerals International, Inc. (b) | 2,020 | 161,701 | ||||||
Reliance Steel & Aluminum Co. | 7,853 | 595,572 | ||||||
Royal Gold, Inc. (b) | 6,600 | 304,062 | ||||||
Steel Dynamics, Inc. (b) | 22,514 | 439,924 | ||||||
1,865,463 | ||||||||
MULTI-UTILITIES — 2.3% | ||||||||
Alliant Energy Corp. (b) | 11,281 | 582,100 | ||||||
Black Hills Corp. | 4,533 | 238,028 | ||||||
MDU Resources Group, Inc. | 19,129 | 584,391 | ||||||
Vectren Corp. | 8,237 | 292,413 | ||||||
1,696,932 | ||||||||
MULTILINE RETAIL — 0.6% | ||||||||
Big Lots, Inc. (a)(b) | 5,862 | 189,284 | ||||||
J.C. Penney Co., Inc. (a)(b) | 30,479 | 278,883 | ||||||
468,167 | ||||||||
OFFICE ELECTRONICS — 0.2% | ||||||||
Zebra Technologies Corp. (Class A) (a) | 2,093 | 113,189 | ||||||
OIL, GAS & CONSUMABLE FUELS — 2.8% | ||||||||
Alpha Natural Resources, Inc. (a)(b) | 22,066 | 157,551 | ||||||
Bill Barrett Corp. (a)(b) | 2,553 | 68,370 | ||||||
Cimarex Energy Co. | 3,230 | 338,859 | ||||||
Energen Corp. | 2,977 | 210,623 | ||||||
HollyFrontier Corp. | 20,100 | 998,769 | ||||||
World Fuel Services Corp. (b) | 7,394 | 319,125 | ||||||
2,093,297 | ||||||||
PAPER & FOREST PRODUCTS — 0.6% | ||||||||
Domtar Corp. | 3,310 | 312,265 | ||||||
Louisiana-Pacific Corp. (a)(b) | 7,300 | 135,123 | ||||||
447,388 | ||||||||
PHARMACEUTICALS — 0.4% | ||||||||
Mallinckrodt PLC (a)(b) | 5,800 | 303,108 | ||||||
PROFESSIONAL SERVICES — 1.0% | ||||||||
FTI Consulting, Inc. (a) | 1,779 | 73,188 | ||||||
Manpower, Inc. | 7,984 | 685,506 | ||||||
758,694 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 11.7% | ||||||||
Alexandria Real Estate Equities, Inc. | 7,199 | 458,000 | ||||||
American Campus Communities, Inc. | 10,639 | 342,682 | ||||||
BioMed Realty Trust, Inc. | 19,248 | 348,774 | ||||||
BRE Properties, Inc. | 2,554 | 139,729 | ||||||
Camden Property Trust | 8,653 | 492,183 | ||||||
Corporate Office Properties Trust (b) | 8,782 | 208,046 | ||||||
Corrections Corp. of America | 11,800 | 378,426 | ||||||
Duke Realty Corp. | 20,237 | 304,364 | ||||||
Equity One, Inc. (b) | 3,795 | 85,160 | ||||||
Essex Property Trust, Inc. | 1,701 | 244,110 | ||||||
Federal Realty Investment Trust (b) | 3,260 | 330,597 | ||||||
Highwoods Properties, Inc. | 5,022 | 181,646 | ||||||
Home Properties, Inc. | 5,763 | 309,012 | ||||||
Hospitality Properties Trust | 15,084 | 407,721 | ||||||
Kilroy Realty Corp. (b) | 4,487 | 225,158 | ||||||
Liberty Property Trust | 7,639 | 258,733 | ||||||
Mack-Cali Realty Corp. (b) | 8,806 | 189,153 | ||||||
Mid-America Apartment Communities, Inc. (b) | 4,333 | 263,186 |
See accompanying notes to financial statements.
213
SPDR S&P 400 Mid Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
National Retail Properties, Inc. (b) | 12,359 | $ | 374,848 | |||||
Potlatch Corp. | 1,994 | 83,230 | ||||||
Rayonier, Inc. | 7,417 | 312,256 | ||||||
Realty Income Corp. (b) | 20,874 | 779,226 | ||||||
Regency Centers Corp. | 5,140 | 237,982 | ||||||
Senior Housing Properties Trust | 10,364 | 230,392 | ||||||
SL Green Realty Corp. (b) | 9,601 | 886,940 | ||||||
Taubman Centers, Inc. | 3,056 | 195,340 | ||||||
UDR, Inc. (b) | 14,578 | 340,396 | ||||||
Weingarten Realty Investors | 6,213 | 170,360 | ||||||
8,777,650 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.6% | ||||||||
Jones Lang LaSalle, Inc. | 4,500 | 460,755 | ||||||
ROAD & RAIL — 0.5% | ||||||||
Con-way, Inc. | 3,191 | 126,715 | ||||||
Landstar System, Inc. | 2,725 | 156,551 | ||||||
Werner Enterprises, Inc. (b) | 4,563 | 112,843 | ||||||
396,109 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.6% | ||||||||
Advanced Micro Devices, Inc. (a)(b) | 32,612 | 126,208 | ||||||
Atmel Corp. (a) | 24,300 | 190,269 | ||||||
Cypress Semiconductor Corp. (a)(b) | 8,246 | 86,583 | ||||||
Fairchild Semiconductor International, Inc. (a)(b) | 12,671 | 169,158 | ||||||
Integrated Device Technology, Inc. (a) | 5,059 | 51,551 | ||||||
International Rectifier Corp. (a)(b) | 7,098 | 185,045 | ||||||
Intersil Corp. (Class A) | 12,745 | 146,185 | ||||||
RF Micro Devices, Inc. (a)(b) | 28,229 | 145,662 | ||||||
Semtech Corp. (a)(b) | 3,400 | 85,952 | ||||||
Silicon Laboratories, Inc. (a)(b) | 3,981 | 172,417 | ||||||
Skyworks Solutions, Inc. (a) | 6,800 | 194,208 | ||||||
SunEdison, Inc. (a) | 7,617 | 99,402 | ||||||
Teradyne, Inc. (a)(b) | 19,200 | 338,304 | ||||||
1,990,944 | ||||||||
SOFTWARE — 1.9% | ||||||||
Cadence Design Systems, Inc. (a)(b) | 9,500 | 133,190 | ||||||
Compuware Corp. | 12,742 | 142,838 | ||||||
FactSet Research Systems, Inc. (b) | 1,398 | 151,795 | ||||||
MICROS Systems, Inc. (a)(b) | 2,807 | 161,037 | ||||||
Rovi Corp. (a) | 10,262 | 202,059 | ||||||
Solera Holdings, Inc. | 2,197 | 155,460 | ||||||
Synopsys, Inc. (a) | 8,669 | 351,701 | ||||||
TIBCO Software, Inc. (a) | 6,900 | 155,112 | ||||||
1,453,192 | ||||||||
SPECIALTY RETAIL — 6.0% | ||||||||
Aaron’s, Inc. (b) | 7,660 | 225,204 | ||||||
Abercrombie & Fitch Co. (Class A) (b) | 7,800 | 256,698 | ||||||
Advance Auto Parts, Inc. | 3,021 | 334,364 | ||||||
American Eagle Outfitters, Inc. | 17,000 | 244,800 | ||||||
ANN, Inc. (a)(b) | 4,600 | 168,176 | ||||||
Ascena Retail Group, Inc. (a) | 12,900 | 272,964 | ||||||
Cabela’s, Inc. (a)(b) | 2,500 | 166,650 | ||||||
Chico’s FAS, Inc. | 8,900 | 167,676 | ||||||
CST Brands, Inc. (b) | 7,560 | 277,603 | ||||||
Dick’s Sporting Goods, Inc. | 10,300 | 598,430 | ||||||
Foot Locker, Inc. | 15,000 | 621,600 | ||||||
Guess?, Inc. (b) | 5,983 | 185,892 | ||||||
Murphy USA, Inc. (a)(b) | 4,429 | 184,069 | ||||||
Office Depot, Inc. (a)(b) | 27,175 | 143,756 | ||||||
Rent-A-Center, Inc. (b) | 5,384 | 179,502 | ||||||
Signet Jewelers, Ltd. | 3,748 | 294,968 | ||||||
Williams-Sonoma, Inc. (b) | 3,400 | 198,152 | ||||||
4,520,504 | ||||||||
THRIFTS & MORTGAGE FINANCE — 1.2% | ||||||||
Astoria Financial Corp. (b) | 8,420 | 116,449 | ||||||
New York Community Bancorp, Inc. (b) | 44,607 | 751,628 | ||||||
868,077 | ||||||||
TOBACCO — 0.2% | ||||||||
Universal Corp. (b) | 2,371 | 129,457 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.8% | ||||||||
GATX Corp. | 4,617 | 240,869 | ||||||
MSC Industrial Direct Co., Inc. (Class A) | 2,500 | 202,175 | ||||||
Watsco, Inc. | 1,628 | 156,386 | ||||||
599,430 | ||||||||
WATER UTILITIES — 0.3% | ||||||||
Aqua America, Inc. | 9,015 | 212,664 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.3% | ||||||||
Telephone & Data Systems, Inc. | 9,891 | 254,989 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $67,657,847) | 74,736,206 | |||||||
SHORT TERM INVESTMENTS — 16.9% | ||||||||
MONEY MARKET FUNDS — 16.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 12,377,061 | 12,377,061 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 317,498 | 317,498 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $12,694,559) | 12,694,559 | |||||||
TOTAL INVESTMENTS — 116.4% (f) | ||||||||
(Cost $80,352,406) | 87,430,765 | |||||||
OTHER ASSETS & LIABILITIES — (16.4)% | (12,305,627 | ) | ||||||
NET ASSETS — 100.0% | $ | 75,125,138 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
214
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AEROSPACE & DEFENSE — 2.4% | ||||||||
AAR Corp. | 24,072 | $ | 674,257 | |||||
Aerovironment, Inc. (a) | 11,817 | 344,229 | ||||||
American Science & Engineering, Inc. | 4,785 | 344,089 | ||||||
Cubic Corp. | 12,581 | 662,516 | ||||||
Curtiss-Wright Corp. | 28,793 | 1,791,788 | ||||||
Engility Holdings, Inc. (a) | 10,576 | 353,238 | ||||||
GenCorp, Inc. (a)(b) | 37,293 | 672,020 | ||||||
Moog, Inc. (Class A) (a) | 27,531 | 1,870,456 | ||||||
National Presto Industries, Inc. | 2,991 | 240,776 | ||||||
Orbital Sciences Corp. (a) | 36,408 | 848,307 | ||||||
Teledyne Technologies, Inc. (a) | 22,813 | 2,095,602 | ||||||
9,897,278 | ||||||||
AIR FREIGHT & LOGISTICS — 0.6% | ||||||||
Atlas Air Worldwide Holdings, Inc. (a) | 15,081 | 620,583 | ||||||
Forward Air Corp. | 18,580 | 815,848 | ||||||
HUB Group, Inc. (Class A) (a) | 21,253 | 847,570 | ||||||
2,284,001 | ||||||||
AIRLINES — 0.3% | ||||||||
Allegiant Travel Co. | 8,931 | 941,685 | ||||||
SkyWest, Inc. | 30,782 | 456,497 | ||||||
1,398,182 | ||||||||
AUTO COMPONENTS — 0.6% | ||||||||
Dorman Products, Inc. (a) | 18,342 | 1,028,436 | ||||||
Drew Industries, Inc. | 13,153 | 673,433 | ||||||
Spartan Motors, Inc. | 20,658 | 138,409 | ||||||
Standard Motor Products, Inc. | 12,491 | 459,669 | ||||||
Superior Industries International, Inc. | 14,477 | 298,660 | ||||||
2,598,607 | ||||||||
AUTOMOBILES — 0.1% | ||||||||
Winnebago Industries, Inc. (a) | 16,736 | 459,403 | ||||||
BEVERAGES — 0.3% | ||||||||
Boston Beer Co., Inc. (Class A) (a)(b) | 5,340 | 1,291,159 | ||||||
BIOTECHNOLOGY — 0.6% | ||||||||
Acorda Therapeutics, Inc. (a) | 25,018 | 730,526 | ||||||
ArQule, Inc. (a) | 33,600 | 72,240 | ||||||
Emergent Biosolutions, Inc. (a) | 17,569 | 403,911 | ||||||
Ligand Pharmaceuticals, Inc. (Class B) (a)(b) | 12,306 | 647,296 | ||||||
Momenta Pharmaceuticals, Inc. (a) | 27,666 | 489,135 | ||||||
Spectrum Pharmaceuticals, Inc. (a)(b) | 32,459 | 287,262 | ||||||
2,630,370 | ||||||||
BUILDING PRODUCTS — 1.0% | ||||||||
AAON, Inc. | 17,058 | 545,003 | ||||||
American Woodmark Corp. (a) | 7,174 | 283,588 | ||||||
Apogee Enterprises, Inc. | 17,304 | 621,387 | ||||||
Gibraltar Industries, Inc. (a) | 17,651 | 328,132 | ||||||
Griffon Corp. | 26,553 | 350,765 | ||||||
Quanex Building Products Corp. | 22,240 | 443,021 | ||||||
Simpson Manufacturing Co., Inc. | 24,728 | 908,259 | ||||||
Universal Forest Products, Inc. | 11,964 | 623,803 | ||||||
4,103,958 | ||||||||
CAPITAL MARKETS — 2.3% | ||||||||
Calamos Asset Management, Inc. (Class A) | 11,776 | 139,428 | ||||||
Evercore Partners, Inc. (Class A) | 19,877 | 1,188,247 | ||||||
Financial Engines, Inc. (b) | 30,625 | 2,127,825 | ||||||
FXCM, Inc. (Class A) (b) | 22,228 | 396,547 | ||||||
HFF, Inc. (Class A) (a) | 20,229 | 543,149 | ||||||
Investment Technology Group, Inc. (a) | 21,744 | 447,057 | ||||||
Piper Jaffray Co., Inc. (a) | 9,569 | 378,454 | ||||||
Prospect Capital Corp. | 170,955 | 1,918,115 | ||||||
Stifel Financial Corp. (a) | 35,784 | 1,714,769 | ||||||
SWS Group, Inc. (a) | 17,118 | 104,077 | ||||||
Virtus Investment Partners, Inc. (a) | 4,259 | 852,013 | ||||||
9,809,681 | ||||||||
CHEMICALS — 2.9% | ||||||||
A. Schulman, Inc. | 17,754 | 626,006 | ||||||
American Vanguard Corp. | 14,996 | 364,253 | ||||||
Balchem Corp. | 18,167 | 1,066,403 | ||||||
Calgon Carbon Corp. (a) | 32,814 | 674,984 | ||||||
Flotek Industries, Inc. (a)(b) | 27,743 | 556,802 | ||||||
FutureFuel Corp. (b) | 13,924 | 219,999 | ||||||
H.B. Fuller Co. | 30,511 | 1,587,792 | ||||||
Hawkins, Inc. | 5,779 | 214,921 | ||||||
Innophos Holdings, Inc. | 13,204 | 641,714 | ||||||
Koppers Holdings, Inc. | 12,249 | 560,392 | ||||||
Kraton Performance Polymers, Inc. (a) | 19,835 | 457,197 | ||||||
LSB Industries, Inc. (a) | 11,629 | 477,022 | ||||||
OM Group, Inc. (a) | 19,216 | 699,655 | ||||||
PolyOne Corp. | 58,414 | 2,064,935 | ||||||
Quaker Chemical Corp. | 7,973 | 614,479 | ||||||
Stepan Co. | 11,567 | 759,142 | ||||||
Tredegar Corp. | 15,087 | 434,656 | ||||||
Zep, Inc. | 13,749 | 249,682 | ||||||
12,270,034 | ||||||||
COMMERCIAL BANKS — 7.7% | ||||||||
Bank of the Ozarks, Inc. (b) | 19,589 | 1,108,542 | ||||||
Banner Corp. | 11,688 | 523,856 | ||||||
BBCN Bancorp, Inc. | 48,170 | 799,140 | ||||||
Boston Private Financial Holdings, Inc. | 47,979 | 605,495 | ||||||
Cardinal Financial Corp. | 18,421 | 331,578 | ||||||
City Holding Co. | 9,628 | 446,065 | ||||||
Columbia Banking System, Inc. | 31,135 | 856,524 | ||||||
Community Bank System, Inc. (b) | 24,493 | 971,882 | ||||||
CVB Financial Corp. (b) | 56,849 | 970,412 | ||||||
F.N.B. Corp. (b) | 96,494 | 1,217,754 | ||||||
First BanCorp- Puerto Rico (a)(b) | 60,411 | 373,944 | ||||||
First Commonwealth Financial Corp. | 57,361 | 505,924 | ||||||
First Financial Bancorp | 34,662 | 604,159 | ||||||
First Financial Bankshares, Inc. (b) | 18,482 | 1,225,726 | ||||||
First Midwest Bancorp, Inc. | 45,173 | 791,883 | ||||||
Glacier Bancorp, Inc. (b) | 45,157 | 1,345,227 | ||||||
Hanmi Financial Corp. | 19,287 | 422,192 | ||||||
Home Bancshares, Inc. | 28,867 | 1,078,183 | ||||||
Independent Bank Corp.-Massachusetts (b) | 13,790 | 540,430 | ||||||
MB Financial, Inc. | 33,373 | 1,070,940 | ||||||
National Penn Bancshares, Inc. | 70,822 | 802,413 | ||||||
NBT Bancorp, Inc. | 26,290 | 680,911 |
See accompanying notes to financial statements.
215
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Old National Bancorp | 61,138 | $ | 939,691 | |||||
PacWest Bancorp (b) | 23,237 | 981,066 | ||||||
Pinnacle Financial Partners, Inc. | 19,857 | 645,948 | ||||||
PrivateBancorp, Inc. | 39,628 | 1,146,438 | ||||||
S&T Bancorp, Inc. | 17,848 | 451,733 | ||||||
Simmons First National Corp. (b) | 9,728 | 361,395 | ||||||
Sterling Bancorp | 47,964 | 641,279 | ||||||
Susquehanna Bancshares, Inc. | 113,656 | 1,459,343 | ||||||
Taylor Capital Group, Inc. (a) | 9,189 | 244,244 | ||||||
Texas Capital Bancshares, Inc. (a) | 24,875 | 1,547,225 | ||||||
Tompkins Financial Corp. | 7,123 | 366,051 | ||||||
UMB Financial Corp. (b) | 22,721 | 1,460,506 | ||||||
Umpqua Holdings Corp. (b) | 67,953 | 1,300,620 | ||||||
United Bankshares, Inc. (b) | 27,910 | 877,770 | ||||||
United Community Banks, Inc. (a) | 23,165 | 411,179 | ||||||
ViewPoint Financial Group | 21,623 | 593,551 | ||||||
Wilshire Bancorp, Inc. | 41,326 | 451,693 | ||||||
Wintrust Financial Corp. | 24,215 | 1,116,796 | ||||||
32,269,708 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.4% | ||||||||
ABM Industries, Inc. | 30,871 | 882,602 | ||||||
Consolidated Graphics, Inc. (a) | 4,960 | 334,502 | ||||||
G & K Services, Inc. (Class A) | 11,920 | 741,782 | ||||||
Healthcare Services Group, Inc. (b) | 42,405 | 1,203,030 | ||||||
Interface, Inc. | 35,091 | 770,598 | ||||||
Mobile Mini, Inc. (a)(b) | 24,723 | 1,018,093 | ||||||
Tetra Tech, Inc. (a)(b) | 39,005 | 1,091,360 | ||||||
The Geo Group, Inc. | 43,701 | 1,408,046 | ||||||
UniFirst Corp. | 9,186 | 982,902 | ||||||
United Stationers, Inc. (b) | 24,202 | 1,110,630 | ||||||
Viad Corp. | 12,205 | 339,055 | ||||||
9,882,600 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.7% | ||||||||
Arris Group, Inc. (a) | 69,697 | 1,698,168 | ||||||
Bel Fuse, Inc. (Class B) | 6,143 | 130,907 | ||||||
Black Box Corp. | 9,873 | 294,215 | ||||||
CalAmp Corp. (a) | 20,163 | 563,959 | ||||||
Comtech Telecommunications Corp. | 9,663 | 304,578 | ||||||
Digi International, Inc. (a) | 15,765 | 191,072 | ||||||
Harmonic, Inc. (a) | 61,928 | 457,029 | ||||||
Ixia (a) | 34,594 | 460,446 | ||||||
Netgear, Inc. (a)(b) | 23,312 | 767,897 | ||||||
Oplink Communications, Inc. (a) | 10,692 | 198,871 | ||||||
PC-Tel, Inc. | 10,610 | 101,538 | ||||||
Procera Networks, Inc. (a)(b) | 12,399 | 186,233 | ||||||
ViaSat, Inc. (a)(b) | 25,494 | 1,597,199 | ||||||
6,952,112 | ||||||||
COMPUTERS & PERIPHERALS — 0.6% | ||||||||
Avid Technology, Inc. (a) | 19,456 | 158,566 | ||||||
Electronics for Imaging, Inc. (a) | 28,551 | 1,105,780 | ||||||
Intevac, Inc. (a) | 14,471 | 107,520 | ||||||
QLogic Corp. (a) | 52,120 | 616,580 | ||||||
Super Micro Computer, Inc. (a) | 19,844 | 340,523 | ||||||
2,328,969 | ||||||||
CONSTRUCTION & ENGINEERING — 0.8% | ||||||||
Aegion Corp. (a)(b) | 23,048 | 504,521 | ||||||
Comfort Systems USA, Inc. | 22,822 | 442,519 | ||||||
Dycom Industries, Inc. (a) | 20,383 | 566,443 | ||||||
EMCOR Group, Inc. | 40,710 | 1,727,732 | ||||||
Orion Marine Group, Inc. (a) | 17,007 | 204,594 | ||||||
3,445,809 | ||||||||
CONSTRUCTION MATERIALS — 0.3% | ||||||||
Headwaters, Inc. (a) | 44,725 | 437,858 | ||||||
Texas Industries, Inc. (a) | 13,066 | 898,679 | ||||||
1,336,537 | ||||||||
CONSUMER FINANCE — 1.3% | ||||||||
Cash America International, Inc. (b) | 16,914 | 647,806 | ||||||
Encore Capital Group, Inc. (a)(b) | 14,239 | 715,652 | ||||||
Ezcorp, Inc. (Class A) (a) | 33,495 | 391,557 | ||||||
First Cash Financial Services, Inc. (a) | 17,572 | 1,086,652 | ||||||
Green Dot Corp. (Class A) (a)(b) | 12,911 | 324,712 | ||||||
Portfolio Recovery Associates, Inc. (a)(b) | 30,218 | 1,596,719 | ||||||
World Acceptance Corp. (a)(b) | 6,534 | 571,921 | ||||||
5,335,019 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Myers Industries, Inc. | 16,199 | 342,123 | ||||||
DISTRIBUTORS — 0.4% | ||||||||
Pool Corp. | 27,911 | 1,622,746 | ||||||
VOXX International Corp. (a) | 12,090 | 201,903 | ||||||
1,824,649 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.8% | ||||||||
American Public Education, Inc. (a)(b) | 10,491 | 456,044 | ||||||
Capella Education Co. | 6,740 | 447,806 | ||||||
Career Education Corp. (a) | 34,919 | 199,038 | ||||||
Hillenbrand, Inc. | 38,127 | 1,121,696 | ||||||
ITT Educational Services, Inc. (a)(b) | 10,956 | 367,903 | ||||||
Regis Corp. | 26,300 | 381,613 | ||||||
Strayer Education, Inc. | 6,598 | 227,433 | ||||||
Universal Technical Institute, Inc. | 12,752 | 177,380 | ||||||
3,378,913 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.5% | ||||||||
Interactive Brokers Group, Inc. (Class A) | 30,082 | 732,196 | ||||||
MarketAxess Holdings, Inc. | 22,882 | 1,530,119 | ||||||
2,262,315 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.3% | ||||||||
Atlantic Tele-Network, Inc. | 6,112 | 345,756 | ||||||
Cbeyond, Inc. (a) | 17,668 | 121,909 | ||||||
Cincinnati Bell, Inc. (a) | 127,103 | 452,487 | ||||||
General Communication, Inc. (Class A) (a) | 19,023 | 212,106 | ||||||
Lumos Networks Corp. | 10,886 | 228,606 | ||||||
1,360,864 | ||||||||
ELECTRIC UTILITIES — 1.1% | ||||||||
ALLETE, Inc. | 22,489 | 1,121,751 | ||||||
El Paso Electric Co. | 24,336 | 854,437 | ||||||
UIL Holdings Corp. (b) | 34,226 | 1,326,258 | ||||||
UNS Energy Corp. (b) | 25,200 | 1,508,220 | ||||||
4,810,666 | ||||||||
See accompanying notes to financial statements.
216
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
ELECTRICAL EQUIPMENT — 1.5% | ||||||||
AZZ, Inc. | 15,341 | $ | 749,561 | |||||
Brady Corp. (Class A) | 28,258 | 874,020 | ||||||
Encore Wire Corp. | 11,175 | 605,685 | ||||||
EnerSys (b) | 28,774 | 2,016,770 | ||||||
Franklin Electric Co., Inc. | 23,723 | 1,058,995 | ||||||
II-VI, Inc. (a) | 32,689 | 575,326 | ||||||
Powell Industries, Inc. | 5,611 | 375,881 | ||||||
Vicor Corp. (a) | 11,129 | 149,351 | ||||||
6,405,589 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.4% | ||||||||
Agilysys, Inc. (a) | 8,518 | 118,571 | ||||||
Anixter International, Inc. | 16,231 | 1,458,193 | ||||||
Badger Meter, Inc. (b) | 8,625 | 470,063 | ||||||
Belden, Inc. | 26,400 | 1,859,880 | ||||||
Benchmark Electronics, Inc. (a) | 32,504 | 750,192 | ||||||
Checkpoint Systems, Inc. (a) | 25,525 | 402,529 | ||||||
Cognex Corp. | 50,352 | 1,922,439 | ||||||
Coherent, Inc. (a) | 15,039 | 1,118,751 | ||||||
CTS Corp. | 20,728 | 412,694 | ||||||
Daktronics, Inc. | 23,370 | 366,442 | ||||||
DTS, Inc. (a) | 11,029 | 264,475 | ||||||
Electro Scientific Industries, Inc. | 15,930 | 166,628 | ||||||
FARO Technologies, Inc. (a) | 10,331 | 602,297 | ||||||
FEI Co. | 25,303 | 2,261,076 | ||||||
Insight Enterprises, Inc. (a) | 25,468 | 578,378 | ||||||
Littelfuse, Inc. | 13,535 | 1,257,808 | ||||||
Measurement Specialties, Inc. (a) | 9,200 | 558,348 | ||||||
Mercury Computer Systems, Inc. (a) | 20,331 | 222,624 | ||||||
Methode Electronics, Inc. (Class A) | 21,615 | 739,017 | ||||||
MTS Systems Corp. | 9,262 | 659,918 | ||||||
Newport Corp. (a) | 23,481 | 424,302 | ||||||
OSI Systems, Inc. (a) | 11,492 | 610,340 | ||||||
Park Electrochemical Corp. | 12,837 | 368,679 | ||||||
Plexus Corp. (a) | 20,506 | 887,705 | ||||||
Rofin-Sinar Technologies, Inc. (a) | 16,893 | 456,449 | ||||||
Rogers Corp. (a) | 10,812 | 664,938 | ||||||
Sanmina Corp. (a) | 51,182 | 854,739 | ||||||
Scansource, Inc. (a) | 17,088 | 725,044 | ||||||
SYNNEX Corp. (a) | 15,960 | 1,075,704 | ||||||
TTM Technologies, Inc. (a) | 33,028 | 283,380 | ||||||
22,541,603 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.3% | ||||||||
Basic Energy Services, Inc. (a)(b) | 16,407 | 258,902 | ||||||
Bristow Group, Inc. | 22,195 | 1,665,957 | ||||||
C&J Energy Services, Inc. (a)(b) | 27,578 | 637,052 | ||||||
Era Group, Inc. (a) | 11,293 | 348,502 | ||||||
Exterran Holdings, Inc. (a) | 35,586 | 1,217,041 | ||||||
Geospace Technologies Corp. (a)(b) | 7,821 | 741,665 | ||||||
Gulf Island Fabrication, Inc. | 7,434 | 172,617 | ||||||
Hornbeck Offshore Services, Inc. (a) | 19,679 | 968,797 | ||||||
ION Geophysical Corp. (a)(b) | 74,822 | 246,913 | ||||||
Matrix Service Co. (a) | 16,146 | 395,093 | ||||||
Newpark Resources, Inc. (a) | 52,492 | 645,127 | ||||||
Pioneer Energy Services Corp. (a) | 38,676 | 309,795 | ||||||
SEACOR Holdings, Inc. (a)(b) | 11,454 | 1,044,605 | ||||||
Tesco Corp. (a) | 19,098 | 377,758 | ||||||
Tetra Technologies, Inc. (a) | 47,322 | 584,900 | ||||||
9,614,724 | ||||||||
FOOD & STAPLES RETAILING — 0.7% | ||||||||
Casey’s General Stores, Inc. | 23,325 | 1,638,581 | ||||||
Spartan Stores, Inc. | 21,965 | 533,310 | ||||||
The Andersons, Inc. | 10,655 | 950,107 | ||||||
3,121,998 | ||||||||
FOOD PRODUCTS — 2.1% | ||||||||
Annie’s, Inc. (a) | 10,148 | 436,770 | ||||||
B&G Foods, Inc. | 32,406 | 1,098,887 | ||||||
Cal-Maine Foods, Inc. (b) | 9,016 | 543,034 | ||||||
Calavo Growers, Inc. | 7,864 | 237,965 | ||||||
Darling International, Inc. (a) | 95,952 | 2,003,478 | ||||||
Diamond Foods, Inc. (a)(b) | 12,679 | 327,625 | ||||||
J&J Snack Foods Corp. | 8,795 | 779,149 | ||||||
Sanderson Farms, Inc. | 12,215 | 883,511 | ||||||
Seneca Foods Corp. (Class A) (a) | 4,283 | 136,585 | ||||||
Snyders-Lance, Inc. | 29,694 | 852,812 | ||||||
TreeHouse Foods, Inc. (a) | 22,060 | 1,520,375 | ||||||
8,820,191 | ||||||||
GAS UTILITIES — 1.6% | ||||||||
New Jersey Resources Corp. | 25,438 | 1,176,253 | ||||||
Northwest Natural Gas Co. (b) | 16,242 | 695,482 | ||||||
Piedmont Natural Gas Co., Inc. | 46,053 | 1,527,118 | ||||||
South Jersey Industries, Inc. (b) | 19,553 | 1,094,186 | ||||||
Southwest Gas Corp. | 28,122 | 1,572,301 | ||||||
The Laclede Group, Inc. | 18,341 | 835,249 | ||||||
6,900,589 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 4.1% | ||||||||
Abaxis, Inc. (a)(b) | 12,557 | 502,531 | ||||||
ABIOMED, Inc. (a) | 21,405 | 572,370 | ||||||
Align Technology, Inc. (a) | 42,879 | 2,450,535 | ||||||
Analogic Corp. | 7,509 | 664,997 | ||||||
Anika Therapeutics, Inc. (a) | 6,772 | 258,419 | ||||||
Cantel Medical Corp. | 20,020 | 678,878 | ||||||
CONMED Corp. | 16,635 | 706,987 | ||||||
CryoLife, Inc. | 14,968 | 165,995 | ||||||
Cyberonics, Inc. (a) | 14,963 | 980,226 | ||||||
Cynosure, Inc. (Class A) (a) | 12,022 | 320,747 | ||||||
Greatbatch, Inc. (a) | 14,683 | 649,576 | ||||||
Haemonetics Corp. (a)(b) | 31,266 | 1,317,237 | ||||||
HealthStream, Inc. (a) | 12,264 | 401,891 | ||||||
ICU Medical, Inc. (a)(b) | 7,973 | 507,960 | ||||||
Integra LifeSciences Holdings Corp. (a) | 14,196 | 677,291 | ||||||
Invacare Corp. | 17,622 | 409,007 | ||||||
Meridian Bioscience, Inc. (b) | 24,941 | 661,685 | ||||||
Merit Medical Systems, Inc. (a) | 24,997 | 393,453 | ||||||
Natus Medical, Inc. (a) | 17,145 | 385,762 | ||||||
Neogen Corp. (a) | 22,138 | 1,011,707 | ||||||
NuVasive, Inc. (a) | 26,883 | 869,127 | ||||||
SurModics, Inc. (a) | 8,639 | 210,705 | ||||||
Symmetry Medical, Inc. (a) | 22,613 | 227,939 | ||||||
West Pharmaceutical Services, Inc. | 42,329 | 2,076,661 | ||||||
17,101,686 | ||||||||
See accompanying notes to financial statements.
217
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
HEALTH CARE PROVIDERS & SERVICES — 3.2% | ||||||||
Air Methods Corp. (a)(b) | 21,334 | $ | 1,244,412 | |||||
Almost Family, Inc. (a) | 5,029 | 162,588 | ||||||
Amedisys, Inc. (a)(b) | 19,936 | 291,664 | ||||||
AMN Healthcare Services, Inc. (a) | 28,101 | 413,085 | ||||||
AmSurg Corp. (a) | 19,578 | 899,022 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 15,139 | 386,650 | ||||||
Centene Corp. (a) | 33,258 | 1,960,559 | ||||||
Chemed Corp. (b) | 10,674 | 817,842 | ||||||
Corvel Corp. (a) | 6,761 | 315,739 | ||||||
Cross Country Healthcare, Inc. (a) | 16,263 | 162,305 | ||||||
Gentiva Health Services, Inc. (a) | 17,655 | 219,098 | ||||||
Hanger, Inc. (a) | 20,918 | 822,914 | ||||||
Healthways, Inc. (a)(b) | 21,393 | 328,382 | ||||||
IPC The Hospitalist Co. (a)(b) | 10,309 | 612,251 | ||||||
Kindred Healthcare, Inc. | 32,585 | 643,228 | ||||||
Landauer, Inc. | 5,770 | 303,560 | ||||||
LHC Group, Inc. (a) | 7,337 | 176,381 | ||||||
Magellan Health Services, Inc. (a) | 16,307 | 976,952 | ||||||
Molina Healthcare, Inc. (a)(b) | 17,305 | 601,349 | ||||||
MWI Veterinary Supply, Inc. (a) | 7,770 | 1,325,484 | ||||||
PharMerica Corp. (a) | 18,054 | 388,161 | ||||||
The Ensign Group, Inc. | 11,929 | 528,097 | ||||||
13,579,723 | ||||||||
HEALTH CARE TECHNOLOGY — 0.7% | ||||||||
Computer Programs and Systems, Inc. (b) | 6,356 | 392,864 | ||||||
Medidata Solutions, Inc. (a) | 30,486 | 1,846,537 | ||||||
Omnicell, Inc. (a) | 21,532 | 549,712 | ||||||
2,789,113 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 3.4% | ||||||||
Biglari Holdings, Inc. (a) | 894 | 452,936 | ||||||
BJ’s Restaurants, Inc. (a)(b) | 15,158 | 470,807 | ||||||
Boyd Gaming Corp. (a) | 45,332 | 510,438 | ||||||
Buffalo Wild Wings, Inc. (a)(b) | 11,433 | 1,682,938 | ||||||
CEC Entertainment, Inc. | 10,124 | 448,291 | ||||||
Cracker Barrel Old Country Store, Inc. | 14,408 | 1,585,888 | ||||||
DineEquity, Inc. | 9,742 | 813,944 | ||||||
Interval Leisure Group, Inc. (b) | 23,815 | 735,883 | ||||||
Jack in the Box, Inc. (a) | 25,844 | 1,292,717 | ||||||
Marcus Corp. | 11,288 | 151,711 | ||||||
Marriott Vacations Worldwide Corp. (a) | 18,364 | 968,885 | ||||||
Monarch Casino & Resort, Inc. (a) | 6,069 | 121,865 | ||||||
Multimedia Games Holding Co., Inc. (a) | 17,799 | 558,177 | ||||||
Papa John’s International, Inc. | 19,262 | 874,495 | ||||||
Pinnacle Entertainment, Inc. (a) | 35,656 | 926,699 | ||||||
Red Robin Gourmet Burgers, Inc. (a) | 7,966 | 585,820 | ||||||
Ruby Tuesday, Inc. (a) | 35,834 | 248,330 | ||||||
Ruth’s Hospitality Group, Inc. | 21,695 | 308,286 | ||||||
Sonic Corp. (a) | 31,420 | 634,370 | ||||||
Texas Roadhouse, Inc. | 36,409 | 1,012,170 | ||||||
14,384,650 | ||||||||
HOUSEHOLD DURABLES — 1.6% | ||||||||
Blyth, Inc. (b) | 5,060 | 55,053 | ||||||
Ethan Allen Interiors, Inc. (b) | 15,630 | 475,464 | ||||||
Helen of Troy, Ltd. (a) | 18,162 | 899,201 | ||||||
iRobot Corp. (a)(b) | 17,373 | 604,059 | ||||||
La-Z-Boy, Inc. | 31,835 | 986,885 | ||||||
M/I Homes, Inc. (a) | 14,607 | 371,748 | ||||||
Meritage Homes Corp. (a) | 20,701 | 993,441 | ||||||
Standard Pacific Corp. (a)(b) | 90,942 | 823,025 | ||||||
The Ryland Group, Inc. (b) | 28,019 | 1,216,305 | ||||||
Universal Electronics, Inc. (a) | 9,336 | 355,795 | ||||||
6,780,976 | ||||||||
HOUSEHOLD PRODUCTS — 0.2% | ||||||||
Central Garden & Pet Co. (Class A) (a) | 25,212 | 170,181 | ||||||
WD-40 Co. | 8,694 | 649,268 | ||||||
819,449 | ||||||||
INSURANCE — 2.1% | ||||||||
AMERISAFE, Inc. | 11,326 | 478,410 | ||||||
eHealth, Inc. (a) | 11,357 | 527,987 | ||||||
Employers Holdings, Inc. | 18,728 | 592,741 | ||||||
HCI Group, Inc. (b) | 6,144 | 328,704 | ||||||
Horace Mann Educators Corp. | 24,460 | 771,468 | ||||||
Infinity Property & Casualty Corp. | 7,022 | 503,829 | ||||||
Meadowbrook Insurance Group, Inc. (b) | 28,408 | 197,720 | ||||||
ProAssurance Corp. | 37,376 | 1,811,988 | ||||||
RLI Corp. (b) | 10,340 | 1,006,909 | ||||||
Safety Insurance Group, Inc. | 7,803 | 439,309 | ||||||
Selective Insurance Group, Inc. | 33,866 | 916,414 | ||||||
Stewart Information Services Corp. (b) | 12,781 | 412,443 | ||||||
The Navigators Group, Inc. (a) | 6,465 | 408,329 | ||||||
Tower Group International, Ltd. (b) | 23,665 | 79,988 | ||||||
United Fire Group, Inc. | 13,139 | 376,564 | ||||||
8,852,803 | ||||||||
INTERNET & CATALOG RETAIL — 0.3% | ||||||||
Blue Nile, Inc. (a) | 7,786 | 366,643 | ||||||
FTD Cos., Inc. (a) | 11,444 | 372,846 | ||||||
NutriSystem, Inc. | 17,770 | 292,139 | ||||||
PetMed Express, Inc. (b) | 12,223 | 203,268 | ||||||
1,234,896 | ||||||||
INTERNET SOFTWARE & SERVICES — 2.2% | ||||||||
Blucora, Inc. (a) | 24,816 | 723,634 | ||||||
comScore, Inc. (a) | 19,929 | 570,169 | ||||||
Dealertrack Technologies, Inc. (a) | 26,670 | 1,282,294 | ||||||
Dice Holdings, Inc. (a)(b) | 24,114 | 174,826 | ||||||
Digital River, Inc. (a) | 17,041 | 315,258 | ||||||
j2 Global, Inc. (b) | 26,617 | 1,331,116 | ||||||
Liquidity Services, Inc. (a)(b) | 15,857 | 359,320 | ||||||
LivePerson, Inc. (a) | 30,329 | 449,476 | ||||||
LogMeIn, Inc. (a)(b) | 13,638 | 457,555 | ||||||
Monster Worldwide, Inc. (a) | 62,945 | 448,798 | ||||||
NIC, Inc. | 36,283 | 902,358 | ||||||
OpenTable, Inc. (a) | 14,064 | 1,116,260 | ||||||
Perficient, Inc. (a) | 19,843 | 464,723 | ||||||
QuinStreet, Inc. (a) | 17,304 | 150,372 | ||||||
Stamps.com, Inc. (a) | 8,740 | 367,954 |
See accompanying notes to financial statements.
218
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
XO Group, Inc. (a) | 15,216 | $ | 226,110 | |||||
9,340,223 | ||||||||
IT SERVICES — 2.1% | ||||||||
CACI International, Inc. (Class A) (a)(b) | 14,185 | 1,038,626 | ||||||
Cardtronics, Inc. (a) | 27,307 | 1,186,489 | ||||||
CIBER, Inc. (a) | 40,662 | 168,341 | ||||||
CSG Systems International, Inc. | 20,351 | 598,319 | ||||||
ExlService Holdings, Inc. (a) | 18,589 | 513,428 | ||||||
Forrester Research, Inc. | 7,539 | 288,442 | ||||||
Heartland Payment Systems, Inc. (b) | 22,394 | 1,116,117 | ||||||
Higher One Holdings, Inc. (a) | 19,903 | 194,253 | ||||||
iGate Corp. (a) | 17,534 | 704,166 | ||||||
MAXIMUS, Inc. | 41,631 | 1,831,348 | ||||||
Sykes Enterprises, Inc. (a) | 23,925 | 521,804 | ||||||
TeleTech Holdings, Inc. (a) | 11,478 | 274,783 | ||||||
Virtusa Corp. (a) | 14,383 | 547,849 | ||||||
8,983,965 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.4% | ||||||||
Arctic Cat, Inc. | 8,096 | 461,310 | ||||||
Callaway Golf Co. (b) | 45,439 | 383,051 | ||||||
JAKKS Pacific, Inc. (b) | 10,354 | 69,682 | ||||||
Sturm Ruger & Co, Inc. (b) | 11,657 | 852,010 | ||||||
1,766,053 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.6% | ||||||||
Affymetrix, Inc. (a) | 43,796 | 375,332 | ||||||
Cambrex Corp. (a) | 18,103 | 322,776 | ||||||
Luminex Corp. (a) | 22,768 | 441,699 | ||||||
PAREXEL International Corp. (a) | 34,315 | 1,550,352 | ||||||
2,690,159 | ||||||||
MACHINERY — 3.5% | ||||||||
Actuant Corp. (Class A) | 44,351 | 1,625,021 | ||||||
Albany International Corp. (Class A) | 17,184 | 617,421 | ||||||
Astec Industries, Inc. | 11,434 | 441,695 | ||||||
Barnes Group, Inc. (b) | 27,848 | 1,066,857 | ||||||
Briggs & Stratton Corp. (b) | 28,539 | 621,009 | ||||||
CIRCOR International, Inc. | 10,594 | 855,783 | ||||||
EnPro Industries, Inc. (a)(b) | 12,773 | 736,364 | ||||||
ESCO Technologies, Inc. | 15,918 | 545,351 | ||||||
Federal Signal Corp. (a) | 37,673 | 551,909 | ||||||
John Bean Technologies Corp. | 16,385 | 480,572 | ||||||
Lindsay Corp. (b) | 7,844 | 649,091 | ||||||
Lydall, Inc. (a) | 10,236 | 180,358 | ||||||
Mueller Industries, Inc. | 17,128 | 1,079,235 | ||||||
Standex International Corp. | 7,803 | 490,653 | ||||||
Tennant Co. | 11,259 | 763,473 | ||||||
The Toro Co. | 34,712 | 2,207,683 | ||||||
Titan International, Inc. (b) | 32,133 | 577,751 | ||||||
Watts Water Technologies, Inc. (Class A) | 17,381 | 1,075,363 | ||||||
14,565,589 | ||||||||
MEDIA — 0.7% | ||||||||
Digital Generation, Inc. (a)(b) | 12,788 | 163,047 | ||||||
Harte-Hanks, Inc. | 27,214 | 212,813 | ||||||
Live Nation Entertainment, Inc. (a) | 85,852 | 1,696,436 | ||||||
Scholastic Corp. (b) | 15,600 | 530,556 | ||||||
The E.W. Scripps Co. (Class A) (a) | 18,036 | 391,742 | ||||||
2,994,594 | ||||||||
METALS & MINING — 1.6% | ||||||||
A.M. Castle & Co. (a)(b) | 10,696 | 157,980 | ||||||
AK Steel Holding Corp. (a)(b) | 83,445 | 684,249 | ||||||
AMCOL International Corp. (b) | 15,011 | 510,074 | ||||||
Century Aluminum Co. (a) | 30,816 | 322,335 | ||||||
Globe Specialty Metals, Inc. | 38,922 | 700,985 | ||||||
Haynes International, Inc. | 7,560 | 417,614 | ||||||
Kaiser Aluminum Corp. | 11,283 | 792,518 | ||||||
Materion Corp. | 12,725 | 392,566 | ||||||
Olympic Steel, Inc. | 5,562 | 161,187 | ||||||
RTI International Metals, Inc. (a) | 18,533 | 634,014 | ||||||
Stillwater Mining Co. (a) | 71,812 | 886,160 | ||||||
SunCoke Energy, Inc. (a) | 42,238 | 963,449 | ||||||
6,623,131 | ||||||||
MULTI-UTILITIES — 0.5% | ||||||||
Avista Corp. | 36,489 | 1,028,625 | ||||||
NorthWestern Corp. (b) | 23,327 | 1,010,526 | ||||||
2,039,151 | ||||||||
MULTILINE RETAIL — 0.2% | ||||||||
Fred’s, Inc. (Class A) | 20,443 | 378,604 | ||||||
Tuesday Morning Corp. (a)(b) | 22,713 | 362,500 | ||||||
741,104 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 1.8% | ||||||||
Approach Resources, Inc. (a)(b) | 21,036 | 405,785 | ||||||
Arch Coal, Inc. (b) | 128,000 | 569,600 | ||||||
Carrizo Oil & Gas, Inc. (a) | 24,919 | 1,115,624 | ||||||
Cloud Peak Energy, Inc. (a) | 36,637 | 659,466 | ||||||
Comstock Resources, Inc. (b) | 26,590 | 486,331 | ||||||
Contango Oil & Gas Co. (a) | 9,354 | 442,070 | ||||||
Forest Oil Corp. (a) | 71,571 | 258,371 | ||||||
Green Plains Renewable Energy, Inc. | 14,400 | 279,216 | ||||||
Northern Oil and Gas, Inc. (a)(b) | 34,119 | 514,173 | ||||||
PDC Energy, Inc. (a) | 21,496 | 1,144,017 | ||||||
Penn Virginia Corp. (a) | 32,070 | 302,420 | ||||||
PetroQuest Energy, Inc. (a) | 34,443 | 148,794 | ||||||
Stone Energy Corp. (a) | 30,361 | 1,050,187 | ||||||
Swift Energy Co. (a)(b) | 26,736 | 360,936 | ||||||
7,736,990 | ||||||||
PAPER & FOREST PRODUCTS — 1.2% | ||||||||
Clearwater Paper Corp. (a) | 12,814 | 672,735 | ||||||
Deltic Timber Corp. | 6,684 | 454,111 | ||||||
KapStone Paper and Packaging Corp. (a) | 24,326 | 1,358,850 | ||||||
Neenah Paper, Inc. | 9,922 | 424,364 | ||||||
P.H. Glatfelter Co. | 26,286 | 726,545 | ||||||
Schweitzer-Mauduit International, Inc. | 18,920 | 973,812 | ||||||
Wausau Paper Corp. (b) | 30,158 | 382,404 | ||||||
4,992,821 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Inter Parfums, Inc. | 10,431 | 373,534 | ||||||
Medifast, Inc. (a)(b) | 7,678 | 200,626 | ||||||
574,160 | ||||||||
See accompanying notes to financial statements.
219
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
PHARMACEUTICALS — 2.1% | ||||||||
Akorn, Inc. (a)(b) | 43,353 | $ | 1,067,784 | |||||
Hi-Tech Pharmacal Co., Inc. (a) | 6,823 | 296,050 | ||||||
Impax Laboratories, Inc. (a) | 39,227 | 986,167 | ||||||
Prestige Brands Holdings, Inc. (a) | 31,412 | 1,124,550 | ||||||
Questcor Pharmaceuticals, Inc. (b) | 33,954 | 1,848,795 | ||||||
The Medicines Co. (a) | 38,769 | 1,497,259 | ||||||
ViroPharma, Inc. (a)(b) | 40,279 | 2,007,908 | ||||||
8,828,513 | ||||||||
PROFESSIONAL SERVICES — 1.5% | ||||||||
CDI Corp. | 8,747 | 162,082 | ||||||
Exponent, Inc. | 7,914 | 612,860 | ||||||
Heidrick & Struggles International, Inc. | 10,005 | 201,501 | ||||||
Insperity, Inc. | 13,671 | 493,933 | ||||||
Kelly Services, Inc. (Class A) | 16,388 | 408,717 | ||||||
Korn/Ferry International (a) | 30,044 | 784,749 | ||||||
Navigant Consulting, Inc. (a) | 29,699 | 570,221 | ||||||
On Assignment, Inc. (a) | 28,136 | 982,509 | ||||||
Resources Connection, Inc. | 24,359 | 349,065 | ||||||
TrueBlue, Inc. (a) | 24,658 | 635,683 | ||||||
WageWorks, Inc. (a) | 18,091 | 1,075,329 | ||||||
6,276,649 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 6.3% | ||||||||
Acadia Realty Trust | 33,434 | 830,166 | ||||||
Agree Realty Corp. | 9,097 | 263,995 | ||||||
American Assets Trust, Inc. | 20,709 | 650,884 | ||||||
Associated Estates Realty Corp. | 34,569 | 554,832 | ||||||
Capstead Mortgage Corp. (b) | 57,615 | 695,989 | ||||||
Cedar Realty Trust, Inc. | 37,660 | 235,752 | ||||||
Coresite Realty Corp. | 12,824 | 412,805 | ||||||
Cousins Properties, Inc. | 107,097 | 1,103,099 | ||||||
DiamondRock Hospitality Co. | 118,651 | 1,370,419 | ||||||
EastGroup Properties, Inc. | 18,638 | 1,079,699 | ||||||
EPR Properties | 31,194 | 1,533,497 | ||||||
Franklin Street Properties Corp. | 52,370 | 625,822 | ||||||
Getty Realty Corp. | 16,212 | 297,814 | ||||||
Government Properties Income Trust (b) | 33,210 | 825,269 | ||||||
Healthcare Realty Trust, Inc. | 58,181 | 1,239,837 | ||||||
Inland Real Estate Corp. | 50,271 | 528,851 | ||||||
Kite Realty Group Trust | 79,475 | 522,151 | ||||||
LaSalle Hotel Properties | 63,049 | 1,945,692 | ||||||
Lexington Realty Trust | 123,368 | 1,259,587 | ||||||
LTC Properties, Inc. | 20,890 | 739,297 | ||||||
Medical Properties Trust, Inc. | 98,112 | 1,198,929 | ||||||
Parkway Properties, Inc. | 36,856 | 710,952 | ||||||
Pennsylvania Real Estate Investment Trust | 41,015 | 778,465 | ||||||
Post Properties, Inc. | 32,866 | 1,486,529 | ||||||
PS Business Parks, Inc. | 12,124 | 926,516 | ||||||
Sabra Healthcare REIT, Inc. | 23,010 | 601,481 | ||||||
Saul Centers, Inc. | 7,758 | 370,289 | ||||||
Sovran Self Storage, Inc. | 19,322 | 1,259,215 | ||||||
Tanger Factory Outlet Centers, Inc. | 57,346 | 1,836,219 | ||||||
Universal Health Realty Income Trust | 7,561 | 302,894 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 15,602 | 287,857 | ||||||
26,474,803 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1% | ||||||||
Forestar Group, Inc. (a)(b) | 21,233 | 451,626 | ||||||
ROAD & RAIL — 0.5% | ||||||||
Arkansas Best Corp. | 14,745 | 496,612 | ||||||
Heartland Express, Inc. (b) | 29,094 | 570,824 | ||||||
Knight Transportation, Inc. (b) | 36,560 | 670,510 | ||||||
Saia, Inc. (a) | 14,876 | 476,776 | ||||||
2,214,722 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 3.9% | ||||||||
Advanced Energy Industries, Inc. (a) | 22,464 | 513,527 | ||||||
ATMI, Inc. (a) | 19,153 | 578,612 | ||||||
Brooks Automation, Inc. | 40,577 | 425,653 | ||||||
Cabot Microelectronics Corp. (a) | 14,286 | 652,870 | ||||||
CEVA, Inc. (a)(b) | 13,513 | 205,668 | ||||||
Cirrus Logic, Inc. (a)(b) | 38,219 | 780,814 | ||||||
Cohu, Inc. | 13,857 | 145,498 | ||||||
Diodes, Inc. (a) | 21,876 | 515,399 | ||||||
DSP Group, Inc. (a) | 14,201 | 137,892 | ||||||
Entropic Communications, Inc. (a) | 55,761 | 262,634 | ||||||
Exar Corp. (a) | 28,435 | 335,249 | ||||||
GT Advanced Technologies, Inc. (a)(b) | 80,556 | 702,448 | ||||||
Hittite Microwave Corp. (a) | 19,006 | 1,173,240 | ||||||
Kopin Corp. (a) | 37,045 | 156,330 | ||||||
Kulicke & Soffa Industries, Inc. (a) | 46,294 | 615,710 | ||||||
Micrel, Inc. | 27,275 | 269,204 | ||||||
Microsemi Corp. (a) | 57,086 | 1,424,296 | ||||||
MKS Instruments, Inc. | 32,354 | 968,679 | ||||||
Monolithic Power Systems, Inc. (a) | 21,066 | 730,147 | ||||||
Nanometrics, Inc. (a) | 13,362 | 254,546 | ||||||
Pericom Semiconductor Corp. (a) | 12,759 | 113,045 | ||||||
Power Integrations, Inc. | 18,206 | 1,016,259 | ||||||
Rubicon Technology, Inc. (a)(b) | 10,399 | 103,470 | ||||||
Rudolph Technologies, Inc. (a) | 19,859 | 233,145 | ||||||
Sigma Designs, Inc. (a) | 18,688 | 88,207 | ||||||
Supertex, Inc. (a) | 6,273 | 157,139 | ||||||
Synaptics, Inc. (a)(b) | 20,065 | 1,039,568 | ||||||
Tessera Technologies, Inc. | 29,663 | 584,658 | ||||||
TriQuint Semiconductor, Inc. (a) | 97,583 | 813,842 | ||||||
Ultratech, Inc. (a) | 16,998 | 492,942 | ||||||
Veeco Instruments, Inc. (a) | 23,618 | 777,268 | ||||||
16,267,959 | ||||||||
SOFTWARE — 2.8% | ||||||||
Blackbaud, Inc. | 27,587 | 1,038,651 | ||||||
Bottomline Technologies, Inc. (a)(b) | 22,271 | 805,319 | ||||||
Ebix, Inc. (b) | 19,445 | 286,230 | ||||||
EPIQ Systems, Inc. | 18,130 | 293,887 | ||||||
Interactive Intelligence Group (a) | 9,563 | 644,164 | ||||||
Manhattan Associates, Inc. (a) | 11,615 | 1,364,530 | ||||||
MicroStrategy, Inc. (a) | 5,489 | 681,953 | ||||||
Monotype Imaging Holdings, Inc. | 23,493 | 748,487 | ||||||
Netscout Systems, Inc. (a) | 22,456 | 664,473 | ||||||
Progress Software Corp. (a) | 31,525 | 814,291 |
See accompanying notes to financial statements.
220
SPDR S&P 600 Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Quality Systems, Inc. | 26,608 | $ | 560,365 | |||||
Synchronoss Technologies, Inc. (a) | 18,591 | 577,622 | ||||||
Take-Two Interactive Software, Inc. (a) | 55,990 | 972,546 | ||||||
Tangoe, Inc. (a)(b) | 20,342 | 366,360 | ||||||
Tyler Technologies, Inc. (a) | 17,170 | 1,753,572 | ||||||
Vasco Data Security International (a)(b) | 17,765 | 137,324 | ||||||
11,709,774 | ||||||||
SPECIALTY RETAIL — 4.8% | ||||||||
Aeropostale, Inc. (a)(b) | 48,278 | 438,847 | ||||||
Barnes & Noble, Inc. (a)(b) | 22,850 | 341,608 | ||||||
Big 5 Sporting Goods Corp. | 10,707 | 212,213 | ||||||
Brown Shoe Co., Inc. | 24,710 | 695,339 | ||||||
Christopher & Banks Corp. (a) | 22,367 | 191,014 | ||||||
Francesca’s Holdings Corp. (a)(b) | 25,185 | 463,656 | ||||||
Genesco, Inc. (a) | 14,467 | 1,056,959 | ||||||
Group 1 Automotive, Inc. (b) | 12,920 | 917,578 | ||||||
Haverty Furniture Cos., Inc. | 12,214 | 382,298 | ||||||
Hibbett Sports, Inc. (a)(b) | 15,796 | 1,061,649 | ||||||
Jos. A. Bank Clothiers, Inc. (a)(b) | 17,034 | 932,271 | ||||||
Kirkland’s, Inc. (a) | 9,148 | 216,533 | ||||||
Lithia Motors, Inc. (Class A) | 13,596 | 943,834 | ||||||
Lumber Liquidators Holdings, Inc. (a)(b) | 16,752 | 1,723,613 | ||||||
MarineMax, Inc. (a) | 14,668 | 235,861 | ||||||
Monro Muffler Brake, Inc. (b) | 18,146 | 1,022,709 | ||||||
Outerwall, Inc. (a)(b) | 16,858 | 1,134,038 | ||||||
Pep Boys-Manny, Moe & Jack (a) | 31,812 | 386,198 | ||||||
Select Comfort Corp. (a)(b) | 33,244 | 701,116 | ||||||
Sonic Automotive, Inc. (Class A) | 20,610 | 504,533 | ||||||
Stage Stores, Inc. (b) | 19,059 | 423,491 | ||||||
Stein Mart, Inc. | 16,879 | 227,023 | ||||||
The Buckle, Inc. (b) | 17,053 | 896,306 | ||||||
The Cato Corp. (Class A) | 16,431 | 522,506 | ||||||
The Children’s Place Retail Stores, Inc. (a)(b) | 13,490 | 768,525 | ||||||
The Finish Line, Inc. (Class A) | 29,817 | 839,945 | ||||||
The Men’s Wearhouse, Inc. | 27,531 | 1,406,283 | ||||||
Vitamin Shoppe, Inc. (a) | 18,330 | 953,343 | ||||||
Zale Corp. (a) | 20,161 | 317,939 | ||||||
Zumiez, Inc. (a)(b) | 13,190 | 342,940 | ||||||
20,260,168 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 2.7% | ||||||||
Crocs, Inc. (a) | 53,736 | 855,477 | ||||||
Fifth & Pacific Cos., Inc. (a) | 74,434 | 2,387,098 | ||||||
G-III Apparel Group, Ltd. (a) | 10,000 | 737,900 | ||||||
Iconix Brand Group, Inc. (a) | 31,317 | 1,243,285 | ||||||
Movado Group, Inc. | 10,820 | 476,188 | ||||||
Oxford Industries, Inc. | 8,697 | 701,587 | ||||||
Perry Ellis International, Inc. (a) | 7,644 | 120,699 | ||||||
Quiksilver, Inc. (a)(b) | 76,836 | 673,852 | ||||||
Skechers U.S.A., Inc. (a) | 23,816 | 789,024 | ||||||
Steven Madden, Ltd. (a) | 35,829 | 1,310,983 | ||||||
Wolverine World Wide, Inc. (b) | 60,988 | 2,071,153 | ||||||
11,367,246 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.9% | ||||||||
Bank Mutual Corp. | 26,055 | 182,645 | ||||||
BofI Holding, Inc. (a)(b) | 7,274 | 570,500 | ||||||
Brookline Bancorp, Inc. | 42,737 | 408,993 | ||||||
Dime Community Bancshares | 17,742 | 300,195 | ||||||
Northwest Bancshares, Inc. | 57,233 | 845,904 | ||||||
Oritani Financial Corp. | 24,146 | 387,543 | ||||||
Provident Financial Services, Inc. | 32,021 | 618,646 | ||||||
TrustCo Bank Corp. NY | 57,639 | 413,848 | ||||||
3,728,274 | ||||||||
TOBACCO — 0.0% (c) | ||||||||
Alliance One International, Inc. (a) | 49,801 | 151,893 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.6% | ||||||||
Applied Industrial Technologies, Inc. | 25,562 | 1,254,839 | ||||||
DXP Enterprises, Inc. (a) | 6,274 | 722,765 | ||||||
Kaman Corp. (b) | 16,461 | 653,995 | ||||||
2,631,599 | ||||||||
WATER UTILITIES — 0.2% | ||||||||
American States Water Co. | 23,281 | 668,863 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.1% | ||||||||
NTELOS Holdings Corp. (b) | 9,431 | 190,789 | ||||||
USA Mobility, Inc. | 13,325 | 190,281 | ||||||
381,070 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $322,790,206) | 419,682,046 | |||||||
SHORT TERM INVESTMENTS — 9.8% | ||||||||
MONEY MARKET FUNDS — 9.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 40,778,435 | 40,778,435 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 578,458 | 578,458 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $41,356,893) | 41,356,893 | |||||||
TOTAL INVESTMENTS — 109.5% (g) | ||||||||
(Cost $364,147,099) | 461,038,939 | |||||||
OTHER ASSETS & LIABILITIES — (9.5)% | (39,854,216 | ) | ||||||
NET ASSETS — 100.0% | $ | 421,184,723 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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) |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
221
SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AEROSPACE & DEFENSE — 1.7% | ||||||||
Aerovironment, Inc. (a) | 7,700 | $ | 224,301 | |||||
American Science & Engineering, Inc. | 2,702 | 194,301 | ||||||
GenCorp, Inc. (a)(b) | 62,304 | 1,122,718 | ||||||
Moog, Inc. (Class A) (a) | 28,100 | 1,909,114 | ||||||
Orbital Sciences Corp. (a) | 27,200 | 633,760 | ||||||
Teledyne Technologies, Inc. (a) | 20,960 | 1,925,385 | ||||||
6,009,579 | ||||||||
AIR FREIGHT & LOGISTICS — 0.2% | ||||||||
Forward Air Corp. | 14,738 | 647,146 | ||||||
AIRLINES — 0.5% | ||||||||
Allegiant Travel Co. | 14,899 | 1,570,951 | ||||||
AUTO COMPONENTS — 0.9% | ||||||||
Dorman Products, Inc. (a)(b) | 30,767 | 1,725,105 | ||||||
Drew Industries, Inc. | 22,229 | 1,138,125 | ||||||
Standard Motor Products, Inc. | 10,600 | 390,080 | ||||||
3,253,310 | ||||||||
AUTOMOBILES — 0.2% | ||||||||
Winnebago Industries, Inc. (a) | 28,668 | 786,937 | ||||||
BEVERAGES — 0.6% | ||||||||
Boston Beer Co., Inc. (Class A) (a)(b) | 8,907 | 2,153,624 | ||||||
BIOTECHNOLOGY — 1.0% | ||||||||
Acorda Therapeutics, Inc. (a) | 42,023 | 1,227,071 | ||||||
ArQule, Inc. (a) | 29,465 | 63,350 | ||||||
Emergent Biosolutions, Inc. (a) | 10,900 | 250,591 | ||||||
Ligand Pharmaceuticals, Inc. (Class B) (a)(b) | 20,840 | 1,096,184 | ||||||
Momenta Pharmaceuticals, Inc. (a) | 21,157 | 374,056 | ||||||
Spectrum Pharmaceuticals, Inc. (a)(b) | 54,542 | 482,697 | ||||||
3,493,949 | ||||||||
BUILDING PRODUCTS — 0.8% | ||||||||
AAON, Inc. | 28,724 | 917,732 | ||||||
American Woodmark Corp. (a) | 6,258 | 247,379 | ||||||
Apogee Enterprises, Inc. | 29,310 | 1,052,522 | ||||||
Simpson Manufacturing Co., Inc. | 14,994 | 550,729 | ||||||
2,768,362 | ||||||||
CAPITAL MARKETS — 2.8% | ||||||||
Evercore Partners, Inc. (Class A) | 33,393 | 1,996,234 | ||||||
Financial Engines, Inc. (b) | 51,083 | 3,549,247 | ||||||
HFF, Inc. (Class A) (a) | 33,600 | 902,160 | ||||||
Investment Technology Group, Inc. (a) | 22,100 | 454,376 | ||||||
Stifel Financial Corp. (a) | 32,400 | 1,552,608 | ||||||
Virtus Investment Partners, Inc. (a) | 7,148 | 1,429,957 | ||||||
9,884,582 | ||||||||
CHEMICALS — 2.7% | ||||||||
American Vanguard Corp. | 25,786 | 626,342 | ||||||
Balchem Corp. | 30,643 | 1,798,744 | ||||||
Calgon Carbon Corp. (a) | 29,530 | 607,432 | ||||||
Flotek Industries, Inc. (a)(b) | 46,435 | 931,950 | ||||||
FutureFuel Corp. (b) | 13,492 | 213,174 | ||||||
H.B. Fuller Co. | 51,056 | 2,656,954 | ||||||
PolyOne Corp. | 55,751 | 1,970,798 | ||||||
Quaker Chemical Corp. | 7,021 | 541,109 | ||||||
9,346,503 | ||||||||
COMMERCIAL BANKS — 9.0% | ||||||||
Bank of the Ozarks, Inc. (b) | 32,831 | 1,857,906 | ||||||
BBCN Bancorp, Inc. | 79,977 | 1,326,818 | ||||||
Boston Private Financial Holdings, Inc. | 80,784 | 1,019,494 | ||||||
Cardinal Financial Corp. (b) | 12,704 | 228,672 | ||||||
City Holding Co. | 7,407 | 343,166 | ||||||
Columbia Banking System, Inc. | 36,146 | 994,377 | ||||||
Community Bank System, Inc. | 18,200 | 722,176 | ||||||
CVB Financial Corp. (b) | 47,226 | 806,148 | ||||||
First BanCorp- Puerto Rico (a) | 32,800 | 203,032 | ||||||
First Commonwealth Financial Corp. | 52,550 | 463,491 | ||||||
First Financial Bankshares, Inc. (b) | 30,884 | 2,048,227 | ||||||
First Midwest Bancorp, Inc. | 76,460 | 1,340,344 | ||||||
Glacier Bancorp, Inc. | 75,518 | 2,249,681 | ||||||
Home Bancshares, Inc. (b) | 48,308 | 1,804,304 | ||||||
MB Financial, Inc. | 55,838 | 1,791,841 | ||||||
National Penn Bancshares, Inc. | 47,757 | 541,087 | ||||||
Old National Bancorp | 56,900 | 874,553 | ||||||
PacWest Bancorp (b) | 39,178 | 1,654,095 | ||||||
Pinnacle Financial Partners, Inc. | 33,676 | 1,095,480 | ||||||
PrivateBancorp, Inc. | 66,342 | 1,919,274 | ||||||
Taylor Capital Group, Inc. (a)(b) | 9,628 | 255,912 | ||||||
Texas Capital Bancshares, Inc. (a) | 41,593 | 2,587,085 | ||||||
UMB Financial Corp. | 18,703 | 1,202,229 | ||||||
Umpqua Holdings Corp. | 113,700 | 2,176,218 | ||||||
United Community Banks, Inc. (a) | 38,600 | 685,150 | ||||||
ViewPoint Financial Group | 14,741 | 404,641 | ||||||
Wilshire Bancorp, Inc. | 69,831 | 763,253 | ||||||
31,358,654 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.3% | ||||||||
G & K Services, Inc. (Class A) | 9,900 | 616,077 | ||||||
Healthcare Services Group, Inc. (b) | 39,898 | 1,131,906 | ||||||
Interface, Inc. | 23,919 | 525,261 | ||||||
Mobile Mini, Inc. (a) | 41,400 | 1,704,852 | ||||||
UniFirst Corp. | 5,915 | 632,905 | ||||||
4,611,001 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.7% | ||||||||
Arris Group, Inc. (a) | 78,201 | 1,905,367 | ||||||
CalAmp Corp. (a) | 33,994 | 950,812 | ||||||
Harmonic, Inc. (a) | 100,800 | 743,904 | ||||||
Ixia (a) | 29,344 | 390,569 | ||||||
PC-Tel, Inc. | 10,182 | 97,442 | ||||||
Procera Networks, Inc. (a) | 8,666 | 130,163 | ||||||
ViaSat, Inc. (a)(b) | 26,912 | 1,686,037 | ||||||
5,904,294 | ||||||||
COMPUTERS & PERIPHERALS — 0.6% | ||||||||
Electronics for Imaging, Inc. (a) | 47,805 | 1,851,488 | ||||||
Intevac, Inc. (a) | 8,600 | 63,898 | ||||||
1,915,386 | ||||||||
CONSTRUCTION & ENGINEERING — 0.4% | ||||||||
Comfort Systems USA, Inc. | 20,900 | 405,251 | ||||||
Dycom Industries, Inc. (a) | 34,700 | 964,313 | ||||||
1,369,564 | ||||||||
See accompanying notes to financial statements.
222
SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
CONSTRUCTION MATERIALS — 0.3% | ||||||||
Headwaters, Inc. (a)(b) | 37,977 | $ | 371,795 | |||||
Texas Industries, Inc. (a) | 9,470 | 651,346 | ||||||
1,023,141 | ||||||||
CONSUMER FINANCE — 1.9% | ||||||||
Encore Capital Group, Inc. (a)(b) | 23,846 | 1,198,500 | ||||||
First Cash Financial Services, Inc. (a) | 29,493 | 1,823,847 | ||||||
Green Dot Corp. (Class A) (a)(b) | 10,200 | 256,530 | ||||||
Portfolio Recovery Associates, Inc. (a)(b) | 50,488 | 2,667,786 | ||||||
World Acceptance Corp. (a)(b) | 6,521 | 570,783 | ||||||
6,517,446 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Myers Industries, Inc. | 11,724 | 247,611 | ||||||
DISTRIBUTORS — 0.4% | ||||||||
Pool Corp. | 25,221 | 1,466,349 | ||||||
DIVERSIFIED CONSUMER SERVICES — 1.1% | ||||||||
American Public Education, Inc. (a)(b) | 17,570 | 763,768 | ||||||
Capella Education Co. | 11,300 | 750,772 | ||||||
Hillenbrand, Inc. | 63,907 | 1,880,144 | ||||||
ITT Educational Services, Inc. (a)(b) | 9,800 | 329,084 | ||||||
3,723,768 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.7% | ||||||||
MarketAxess Holdings, Inc. | 38,160 | 2,551,759 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.2% | ||||||||
General Communication, Inc. (Class A) (a) | 16,573 | 184,789 | ||||||
Lumos Networks Corp. | 17,889 | 375,669 | ||||||
560,458 | ||||||||
ELECTRICAL EQUIPMENT — 2.1% | ||||||||
AZZ, Inc. | 25,964 | 1,268,601 | ||||||
Brady Corp. (Class A) | 15,927 | 492,622 | ||||||
Encore Wire Corp. | 13,043 | 706,931 | ||||||
EnerSys | 48,070 | 3,369,226 | ||||||
Franklin Electric Co., Inc. | 25,107 | 1,120,777 | ||||||
Powell Industries, Inc. | 4,700 | 314,853 | ||||||
Vicor Corp. (a) | 9,100 | 122,122 | ||||||
7,395,132 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.6% | ||||||||
Agilysys, Inc. (a) | 8,308 | 115,647 | ||||||
Badger Meter, Inc. (b) | 6,747 | 367,712 | ||||||
Belden, Inc. | 44,060 | 3,104,027 | ||||||
Cognex Corp. | 84,174 | 3,213,763 | ||||||
Coherent, Inc. (a) | 14,200 | 1,056,338 | ||||||
CTS Corp. | 20,200 | 402,182 | ||||||
Daktronics, Inc. | 38,229 | 599,431 | ||||||
DTS, Inc. (a) | 9,553 | 229,081 | ||||||
Electro Scientific Industries, Inc. | 7,882 | 82,446 | ||||||
FARO Technologies, Inc. (a) | 17,561 | 1,023,806 | ||||||
FEI Co. | 42,384 | 3,787,434 | ||||||
Littelfuse, Inc. | 11,925 | 1,108,190 | ||||||
Measurement Specialties, Inc. (a) | 15,418 | 935,719 | ||||||
Methode Electronics, Inc. (Class A) | 36,200 | 1,237,678 | ||||||
MTS Systems Corp. | 15,645 | 1,114,706 | ||||||
Newport Corp. (a) | 16,800 | 303,576 | ||||||
OSI Systems, Inc. (a) | 8,453 | 448,939 | ||||||
Rogers Corp. (a) | 8,672 | 533,328 | ||||||
19,664,003 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.0% | ||||||||
Basic Energy Services, Inc. (a)(b) | 14,100 | 222,498 | ||||||
Bristow Group, Inc. | 16,100 | 1,208,466 | ||||||
C&J Energy Services, Inc. (a)(b) | 46,182 | 1,066,804 | ||||||
Era Group, Inc. (a) | 18,800 | 580,168 | ||||||
Geospace Technologies Corp. (a)(b) | 13,301 | 1,261,334 | ||||||
ION Geophysical Corp. (a)(b) | 49,030 | 161,799 | ||||||
Matrix Service Co. (a) | 26,200 | 641,114 | ||||||
Newpark Resources, Inc. (a) | 89,146 | 1,095,604 | ||||||
Tesco Corp. (a) | 31,278 | 618,679 | ||||||
6,856,466 | ||||||||
FOOD & STAPLES RETAILING — 0.7% | ||||||||
Casey’s General Stores, Inc. | 20,800 | 1,461,200 | ||||||
The Andersons, Inc. | 10,100 | 900,617 | ||||||
2,361,817 | ||||||||
FOOD PRODUCTS — 1.3% | ||||||||
Annie’s, Inc. (a) | 7,392 | 318,151 | ||||||
B&G Foods, Inc. | 27,443 | 930,592 | ||||||
Calavo Growers, Inc. | 5,726 | 173,269 | ||||||
Darling International, Inc. (a) | 104,502 | 2,182,002 | ||||||
Diamond Foods, Inc. (a)(b) | 9,900 | 255,816 | ||||||
J&J Snack Foods Corp. | 6,551 | 580,353 | ||||||
4,440,183 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 5.9% | ||||||||
Abaxis, Inc. (a)(b) | 9,844 | 393,957 | ||||||
ABIOMED, Inc. (a) | 35,817 | 957,747 | ||||||
Align Technology, Inc. (a)(b) | 71,635 | 4,093,940 | ||||||
Analogic Corp. | 5,810 | 514,534 | ||||||
Anika Therapeutics, Inc. (a) | 11,376 | 434,108 | ||||||
Cantel Medical Corp. | 33,607 | 1,139,613 | ||||||
CryoLife, Inc. | 24,833 | 275,398 | ||||||
Cyberonics, Inc. (a) | 25,193 | 1,650,393 | ||||||
Cynosure, Inc. (Class A) (a) | 12,691 | 338,596 | ||||||
Greatbatch, Inc. (a) | 14,208 | 628,562 | ||||||
Haemonetics Corp. (a)(b) | 22,272 | 938,319 | ||||||
HealthStream, Inc. (a) | 20,963 | 686,957 | ||||||
Integra LifeSciences Holdings Corp. (a) | 9,614 | 458,684 | ||||||
Meridian Bioscience, Inc. (b) | 22,407 | 594,458 | ||||||
Natus Medical, Inc. (a) | 27,869 | 627,052 | ||||||
Neogen Corp. (a)(b) | 37,118 | 1,696,293 | ||||||
NuVasive, Inc. (a) | 45,400 | 1,467,782 | ||||||
SurModics, Inc. (a) | 14,243 | 347,387 | ||||||
West Pharmaceutical Services, Inc. | 70,877 | 3,477,226 | ||||||
20,721,006 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.5% | ||||||||
Air Methods Corp. (a)(b) | 35,743 | 2,084,889 | ||||||
AmSurg Corp. (a) | 22,700 | 1,042,384 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 10,628 | 271,439 | ||||||
Corvel Corp. (a) | 11,351 | 530,092 |
See accompanying notes to financial statements.
223
SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Gentiva Health Services, Inc. (a) | 10,900 | $ | 135,269 | |||||
Hanger, Inc. (a) | 14,912 | 586,638 | ||||||
IPC The Hospitalist Co. (a)(b) | 17,292 | 1,026,972 | ||||||
Landauer, Inc. (b) | 4,366 | 229,695 | ||||||
MWI Veterinary Supply, Inc. (a)(b) | 13,023 | 2,221,594 | ||||||
The Ensign Group, Inc. | 12,900 | 571,083 | ||||||
8,700,055 | ||||||||
HEALTH CARE TECHNOLOGY — 1.3% | ||||||||
Computer Programs and Systems, Inc. (b) | 5,779 | 357,200 | ||||||
Medidata Solutions, Inc. (a) | 51,064 | 3,092,947 | ||||||
Omnicell, Inc. (a) | 36,546 | 933,019 | ||||||
4,383,166 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 4.5% | ||||||||
Boyd Gaming Corp. (a) | 37,700 | 424,502 | ||||||
Buffalo Wild Wings, Inc. (a)(b) | 19,061 | 2,805,779 | ||||||
CEC Entertainment, Inc. | 8,100 | 358,668 | ||||||
Cracker Barrel Old Country Store, Inc. | 12,800 | 1,408,896 | ||||||
DineEquity, Inc. | 6,563 | 548,339 | ||||||
Interval Leisure Group, Inc. (b) | 21,728 | 671,395 | ||||||
Jack in the Box, Inc. (a) | 22,975 | 1,149,209 | ||||||
Monarch Casino & Resort, Inc. (a) | 9,700 | 194,776 | ||||||
Multimedia Games Holding Co., Inc. (a) | 30,269 | 949,236 | ||||||
Papa John’s International, Inc. | 32,414 | 1,471,596 | ||||||
Pinnacle Entertainment, Inc. (a) | 60,200 | 1,564,598 | ||||||
Red Robin Gourmet Burgers, Inc. (a) | 13,400 | 985,436 | ||||||
Ruth’s Hospitality Group, Inc. | 35,379 | 502,736 | ||||||
Sonic Corp. (a) | 53,313 | 1,076,389 | ||||||
Texas Roadhouse, Inc. | 61,014 | 1,696,189 | ||||||
15,807,744 | ||||||||
HOUSEHOLD DURABLES — 1.4% | ||||||||
Helen of Troy, Ltd. (a) | 18,745 | 928,065 | ||||||
iRobot Corp. (a)(b) | 16,502 | 573,775 | ||||||
La-Z-Boy, Inc. | 53,312 | 1,652,672 | ||||||
The Ryland Group, Inc. (b) | 29,247 | 1,269,612 | ||||||
Universal Electronics, Inc. (a) | 15,600 | 594,516 | ||||||
5,018,640 | ||||||||
HOUSEHOLD PRODUCTS — 0.3% | ||||||||
WD-40 Co. | 14,640 | 1,093,315 | ||||||
INSURANCE — 1.1% | ||||||||
AMERISAFE, Inc. | 12,800 | 540,672 | ||||||
eHealth, Inc. (a) | 18,664 | 867,689 | ||||||
Employers Holdings, Inc. | 31,885 | 1,009,160 | ||||||
HCI Group, Inc. (b) | 10,159 | 543,507 | ||||||
RLI Corp. (b) | 8,800 | 856,944 | ||||||
3,817,972 | ||||||||
INTERNET & CATALOG RETAIL — 0.2% | ||||||||
Blue Nile, Inc. (a)(b) | 7,287 | 343,145 | ||||||
NutriSystem, Inc. | 15,500 | 254,820 | ||||||
PetMed Express, Inc. (b) | 8,418 | 139,991 | ||||||
737,956 | ||||||||
INTERNET SOFTWARE & SERVICES — 3.8% | ||||||||
Blucora, Inc. (a) | 42,021 | 1,225,332 | ||||||
comScore, Inc. (a) | 33,898 | 969,822 | ||||||
Dealertrack Technologies, Inc. (a) | 44,563 | 2,142,589 | ||||||
Dice Holdings, Inc. (a)(b) | 23,318 | 169,056 | ||||||
Digital River, Inc. (a) | 11,900 | 220,150 | ||||||
j2 Global, Inc. (b) | 44,541 | 2,227,495 | ||||||
LivePerson, Inc. (a)(b) | 22,180 | 328,708 | ||||||
LogMeIn, Inc. (a)(b) | 22,800 | 764,940 | ||||||
NIC, Inc. | 60,275 | 1,499,039 | ||||||
OpenTable, Inc. (a)(b) | 23,660 | 1,877,894 | ||||||
Perficient, Inc. (a) | 33,965 | 795,460 | ||||||
QuinStreet, Inc. (a) | 9,500 | 82,555 | ||||||
Stamps.com, Inc. (a) | 14,997 | 631,374 | ||||||
XO Group, Inc. (a) | 24,905 | 370,088 | ||||||
13,304,502 | ||||||||
IT SERVICES — 2.9% | ||||||||
Cardtronics, Inc. (a) | 45,778 | 1,989,054 | ||||||
CSG Systems International, Inc. | 20,954 | 616,048 | ||||||
ExlService Holdings, Inc. (a) | 14,201 | 392,232 | ||||||
Forrester Research, Inc. | 6,950 | 265,907 | ||||||
Heartland Payment Systems, Inc. (b) | 20,432 | 1,018,331 | ||||||
Higher One Holdings, Inc. (a) | 11,673 | 113,928 | ||||||
iGate Corp. (a) | 29,699 | 1,192,712 | ||||||
MAXIMUS, Inc. | 69,538 | 3,058,977 | ||||||
Sykes Enterprises, Inc. (a) | 20,400 | 444,924 | ||||||
TeleTech Holdings, Inc. (a) | 8,600 | 205,884 | ||||||
Virtusa Corp. (a) | 24,173 | 920,749 | ||||||
10,218,746 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.6% | ||||||||
Arctic Cat, Inc. | 13,793 | 785,925 | ||||||
Sturm Ruger & Co, Inc. (b) | 19,787 | 1,446,232 | ||||||
2,232,157 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.8% | ||||||||
Affymetrix, Inc. (a) | 34,500 | 295,665 | ||||||
Cambrex Corp. (a) | 31,328 | 558,579 | ||||||
Luminex Corp. (a)(b) | 19,048 | 369,531 | ||||||
PAREXEL International Corp. (a) | 33,312 | 1,505,036 | ||||||
2,728,811 | ||||||||
MACHINERY — 2.9% | ||||||||
Actuant Corp. (Class A) | 27,028 | 990,306 | ||||||
Albany International Corp. (Class A) | 11,300 | 406,009 | ||||||
Barnes Group, Inc. | 27,200 | 1,042,032 | ||||||
CIRCOR International, Inc. | 17,900 | 1,445,962 | ||||||
EnPro Industries, Inc. (a)(b) | 7,950 | 458,318 | ||||||
Federal Signal Corp. (a) | 64,000 | 937,600 | ||||||
John Bean Technologies Corp. | 15,800 | 463,414 | ||||||
Lindsay Corp. (b) | 6,086 | 503,616 | ||||||
Lydall, Inc. (a) | 9,090 | 160,166 | ||||||
Tennant Co. (b) | 12,127 | 822,332 | ||||||
The Toro Co. | 34,294 | 2,181,098 | ||||||
Watts Water Technologies, Inc. (Class A) | 12,100 | 748,627 | ||||||
10,159,480 | ||||||||
MEDIA — 0.7% | ||||||||
Live Nation Entertainment, Inc. (a) | 80,600 | 1,592,656 | ||||||
The E.W. Scripps Co. (Class A) (a) | 30,100 | 653,772 | ||||||
2,246,428 | ||||||||
See accompanying notes to financial statements.
224
SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
METALS & MINING — 0.8% | ||||||||
AK Steel Holding Corp. (a)(b) | 47,710 | $ | 391,222 | |||||
Globe Specialty Metals, Inc. | 29,786 | 536,446 | ||||||
RTI International Metals, Inc. (a) | 19,500 | 667,095 | ||||||
Stillwater Mining Co. (a) | 44,143 | 544,724 | ||||||
SunCoke Energy, Inc. (a) | 32,728 | 746,526 | ||||||
2,886,013 | ||||||||
MULTILINE RETAIL — 0.1% | ||||||||
Tuesday Morning Corp. (a)(b) | 15,944 | 254,466 | ||||||
OIL, GAS & CONSUMABLE FUELS — 1.7% | ||||||||
Carrizo Oil & Gas, Inc. (a) | 42,016 | 1,881,056 | ||||||
Forest Oil Corp. (a) | 47,881 | 172,850 | ||||||
Northern Oil and Gas, Inc. (a)(b) | 58,478 | 881,264 | ||||||
PDC Energy, Inc. (a) | 17,183 | 914,479 | ||||||
Penn Virginia Corp. (a) | 27,000 | 254,610 | ||||||
PetroQuest Energy, Inc. (a) | 17,590 | 75,989 | ||||||
Stone Energy Corp. (a) | 50,800 | 1,757,172 | ||||||
5,937,420 | ||||||||
PAPER & FOREST PRODUCTS — 0.9% | ||||||||
Deltic Timber Corp. | 4,704 | 319,590 | ||||||
KapStone Paper and Packaging Corp. (a) | 40,700 | 2,273,502 | ||||||
Schweitzer-Mauduit International, Inc. | 13,208 | 679,816 | ||||||
3,272,908 | ||||||||
PERSONAL PRODUCTS — 0.2% | ||||||||
Inter Parfums, Inc. | 16,956 | 607,194 | ||||||
PHARMACEUTICALS — 3.7% | ||||||||
Akorn, Inc. (a)(b) | 72,794 | 1,792,916 | ||||||
Hi-Tech Pharmacal Co., Inc. (a) | 5,700 | 247,323 | ||||||
Prestige Brands Holdings, Inc. (a) | 52,577 | 1,882,257 | ||||||
Questcor Pharmaceuticals, Inc. (b) | 56,689 | 3,086,716 | ||||||
The Medicines Co. (a) | 64,924 | 2,507,365 | ||||||
ViroPharma, Inc. (a) | 65,994 | 3,289,801 | ||||||
12,806,378 | ||||||||
PROFESSIONAL SERVICES — 1.3% | ||||||||
Exponent, Inc. (b) | 7,990 | 618,746 | ||||||
Navigant Consulting, Inc. (a) | 29,200 | 560,640 | ||||||
On Assignment, Inc. (a) | 47,071 | 1,643,719 | ||||||
TrueBlue, Inc. (a) | 26,700 | 688,326 | ||||||
WageWorks, Inc. (a) | 19,192 | 1,140,772 | ||||||
4,652,203 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 4.3% | ||||||||
Acadia Realty Trust | 18,891 | 469,064 | ||||||
American Assets Trust, Inc. | 17,540 | 551,282 | ||||||
Associated Estates Realty Corp. | 18,959 | 304,292 | ||||||
Coresite Realty Corp. (b) | 21,360 | 687,578 | ||||||
DiamondRock Hospitality Co. | 99,600 | 1,150,380 | ||||||
EastGroup Properties, Inc. | 14,180 | 821,447 | ||||||
Inland Real Estate Corp. | 57,812 | 608,182 | ||||||
LaSalle Hotel Properties | 51,800 | 1,598,548 | ||||||
Lexington Realty Trust (b) | 67,022 | 684,295 | ||||||
LTC Properties, Inc. | 13,255 | 469,095 | ||||||
Medical Properties Trust, Inc. | 110,190 | 1,346,522 | ||||||
Parkway Properties, Inc. | 24,946 | 481,208 | ||||||
Post Properties, Inc. | 19,883 | 899,308 | ||||||
PS Business Parks, Inc. | 10,475 | 800,500 | ||||||
Sabra Healthcare REIT, Inc. | 38,695 | 1,011,487 | ||||||
Saul Centers, Inc. | 6,256 | 298,599 | ||||||
Sovran Self Storage, Inc. | 14,043 | 915,182 | ||||||
Tanger Factory Outlet Centers, Inc. | 48,031 | 1,537,953 | ||||||
Universal Health Realty Income Trust | 7,201 | 288,472 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 8,880 | 163,836 | ||||||
15,087,230 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.2% | ||||||||
Forestar Group, Inc. (a) | 35,800 | 761,466 | ||||||
ROAD & RAIL — 0.6% | ||||||||
Arkansas Best Corp. | 12,300 | 414,264 | ||||||
Heartland Express, Inc. (b) | 24,401 | 478,748 | ||||||
Knight Transportation, Inc. (b) | 24,053 | 441,132 | ||||||
Saia, Inc. (a) | 25,178 | 806,955 | ||||||
2,141,099 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.9% | ||||||||
Advanced Energy Industries, Inc. (a) | 37,114 | 848,426 | ||||||
ATMI, Inc. (a) | 13,331 | 402,729 | ||||||
Cabot Microelectronics Corp. (a) | 9,674 | 442,102 | ||||||
CEVA, Inc. (a) | 7,262 | 110,528 | ||||||
Cirrus Logic, Inc. (a)(b) | 26,044 | 532,079 | ||||||
DSP Group, Inc. (a) | 9,900 | 96,129 | ||||||
Entropic Communications, Inc. (a)(b) | 31,955 | 150,508 | ||||||
Exar Corp. (a) | 24,726 | 291,519 | ||||||
GT Advanced Technologies, Inc. (a)(b) | 74,200 | 647,024 | ||||||
Hittite Microwave Corp. (a) | 13,260 | 818,540 | ||||||
Kopin Corp. (a) | 21,267 | 89,747 | ||||||
Microsemi Corp. (a) | 57,408 | 1,432,329 | ||||||
Monolithic Power Systems, Inc. (a) | 18,395 | 637,571 | ||||||
Nanometrics, Inc. (a)(b) | 8,210 | 156,400 | ||||||
Power Integrations, Inc. | 18,780 | 1,048,300 | ||||||
Synaptics, Inc. (a)(b) | 33,622 | 1,741,956 | ||||||
Tessera Technologies, Inc. | 20,000 | 394,200 | ||||||
Ultratech, Inc. (a) | 9,438 | 273,702 | ||||||
10,113,789 | ||||||||
SOFTWARE — 4.3% | ||||||||
Blackbaud, Inc. | 46,528 | 1,751,779 | ||||||
Bottomline Technologies, Inc. (a)(b) | 18,005 | 651,061 | ||||||
EPIQ Systems, Inc. | 21,200 | 343,652 | ||||||
Interactive Intelligence Group (a) | 16,142 | 1,087,325 | ||||||
Manhattan Associates, Inc. (a) | 19,507 | 2,291,682 | ||||||
MicroStrategy, Inc. (a) | 9,204 | 1,143,505 | ||||||
Monotype Imaging Holdings, Inc. | 39,742 | 1,266,180 | ||||||
Netscout Systems, Inc. (a) | 17,948 | 531,081 | ||||||
Progress Software Corp. (a) | 23,427 | 605,119 | ||||||
Quality Systems, Inc. | 23,258 | 489,814 | ||||||
Synchronoss Technologies, Inc. (a)(b) | 31,057 | 964,941 | ||||||
Take-Two Interactive Software, Inc. (a) | 33,212 | 576,893 | ||||||
Tangoe, Inc. (a)(b) | 13,706 | 246,845 | ||||||
Tyler Technologies, Inc. (a) | 28,762 | 2,937,463 | ||||||
14,887,340 | ||||||||
SPECIALTY RETAIL — 3.7% | ||||||||
Francesca’s Holdings Corp. (a)(b) | 42,054 | 774,214 |
See accompanying notes to financial statements.
225
SPDR S&P 600 Small Cap Growth ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Haverty Furniture Cos., Inc. | 9,630 | $ | 301,419 | |||||
Hibbett Sports, Inc. (a)(b) | 13,827 | 929,313 | ||||||
Jos. A. Bank Clothiers, Inc. (a) | 9,800 | 536,354 | ||||||
Kirkland’s, Inc. (a) | 15,000 | 355,050 | ||||||
Lithia Motors, Inc. (Class A) | 22,942 | 1,592,634 | ||||||
Lumber Liquidators Holdings, Inc. (a)(b) | 28,010 | 2,881,949 | ||||||
MarineMax, Inc. (a) | 24,600 | 395,568 | ||||||
Monro Muffler Brake, Inc. (b) | 19,154 | 1,079,520 | ||||||
Outerwall, Inc. (a)(b) | 18,612 | 1,252,029 | ||||||
Select Comfort Corp. (a)(b) | 19,312 | 407,290 | ||||||
The Buckle, Inc. (b) | 11,224 | 589,933 | ||||||
The Men’s Wearhouse, Inc. | 22,700 | 1,159,516 | ||||||
Zale Corp. (a) | 17,452 | 275,218 | ||||||
Zumiez, Inc. (a)(b) | 12,779 | 332,254 | ||||||
12,862,261 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 4.0% | ||||||||
Fifth & Pacific Cos., Inc. (a) | 124,412 | 3,989,893 | ||||||
G-III Apparel Group, Ltd. (a) | 9,200 | 678,868 | ||||||
Iconix Brand Group, Inc. (a)(b) | 52,420 | 2,081,074 | ||||||
Movado Group, Inc. | 18,315 | 806,043 | ||||||
Oxford Industries, Inc. | 9,133 | 736,759 | ||||||
Steven Madden, Ltd. (a) | 59,931 | 2,192,875 | ||||||
Wolverine World Wide, Inc. (b) | 102,050 | 3,465,618 | ||||||
13,951,130 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.6% | ||||||||
Bank Mutual Corp. | 26,800 | 187,868 | ||||||
BofI Holding, Inc. (a)(b) | 12,337 | 967,591 | ||||||
Oritani Financial Corp. | 39,587 | 635,371 | ||||||
TrustCo Bank Corp. NY | 34,900 | 250,582 | ||||||
2,041,412 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.4% | ||||||||
DXP Enterprises, Inc. (a) | 10,605 | 1,221,696 | ||||||
WATER UTILITIES — 0.1% | ||||||||
American States Water Co. | 15,834 | 454,911 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.0% (c) | ||||||||
NTELOS Holdings Corp. | 5,800 | 117,334 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $269,063,136) | 347,108,203 | |||||||
SHORT TERM INVESTMENTS — 9.5% | ||||||||
MONEY MARKET FUNDS — 9.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 32,048,457 | 32,048,457 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 1,106,382 | 1,106,382 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $33,154,839) | 33,154,839 | |||||||
TOTAL INVESTMENTS — 109.0% (g) | ||||||||
(Cost $302,217,975) | 380,263,042 | |||||||
OTHER ASSETS & LIABILITIES — (9.0)% | (31,422,377 | ) | ||||||
NET ASSETS — 100.0% | $ | 348,840,665 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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) |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
226
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
AEROSPACE & DEFENSE — 3.0% | ||||||||
AAR Corp. | 28,273 | $ | 791,927 | |||||
Aerovironment, Inc. (a)(b) | 8,587 | 250,139 | ||||||
American Science & Engineering, Inc. | 3,684 | 264,916 | ||||||
Cubic Corp. | 14,863 | 782,686 | ||||||
Curtiss-Wright Corp. | 33,708 | 2,097,649 | ||||||
Engility Holdings, Inc. (a) | 12,307 | 411,054 | ||||||
Moog, Inc. (Class A) (a) | 12,611 | 856,791 | ||||||
National Presto Industries, Inc. | 3,462 | 278,691 | ||||||
Orbital Sciences Corp. (a) | 23,696 | 552,117 | ||||||
Teledyne Technologies, Inc. (a) | 12,023 | 1,104,433 | ||||||
7,390,403 | ||||||||
AIR FREIGHT & LOGISTICS — 0.9% | ||||||||
Atlas Air Worldwide Holdings, Inc. (a) | 17,780 | 731,647 | ||||||
Forward Air Corp. | 11,347 | 498,247 | ||||||
HUB Group, Inc. (Class A) (a) | 24,991 | 996,641 | ||||||
2,226,535 | ||||||||
AIRLINES — 0.2% | ||||||||
SkyWest, Inc. | 36,628 | 543,193 | ||||||
AUTO COMPONENTS — 0.3% | ||||||||
Spartan Motors, Inc. (b) | 24,945 | 167,131 | ||||||
Standard Motor Products, Inc. | 7,257 | 267,058 | ||||||
Superior Industries International, Inc. | 16,706 | 344,645 | ||||||
778,834 | ||||||||
BIOTECHNOLOGY — 0.3% | ||||||||
ArQule, Inc. (a) | 17,900 | 38,485 | ||||||
Emergent Biosolutions, Inc. (a) | 12,706 | 292,111 | ||||||
Momenta Pharmaceuticals, Inc. (a) | 17,700 | 312,936 | ||||||
643,532 | ||||||||
BUILDING PRODUCTS — 1.2% | ||||||||
American Woodmark Corp. (a)(b) | 4,084 | 161,440 | ||||||
Gibraltar Industries, Inc. (a) | 20,474 | 380,612 | ||||||
Griffon Corp. | 31,548 | 416,749 | ||||||
Quanex Building Products Corp. | 26,500 | 527,880 | ||||||
Simpson Manufacturing Co., Inc. | 18,324 | 673,040 | ||||||
Universal Forest Products, Inc. | 14,219 | 741,379 | ||||||
2,901,100 | ||||||||
CAPITAL MARKETS — 1.8% | ||||||||
Calamos Asset Management, Inc. (Class A) | 13,456 | 159,319 | ||||||
FXCM, Inc. (Class A) (b) | 25,736 | 459,130 | ||||||
Investment Technology Group, Inc. (a) | 10,125 | 208,170 | ||||||
Piper Jaffray Co., Inc. (a) | 11,390 | 450,475 | ||||||
Prospect Capital Corp. | 201,728 | 2,263,388 | ||||||
Stifel Financial Corp. (a) | 19,392 | 929,265 | ||||||
SWS Group, Inc. (a) | 20,117 | 122,311 | ||||||
4,592,058 | ||||||||
CHEMICALS — 3.2% | ||||||||
A. Schulman, Inc. | 20,672 | 728,895 | ||||||
Calgon Carbon Corp. (a) | 17,915 | 368,512 | ||||||
FutureFuel Corp. (b) | 6,412 | 101,310 | ||||||
Hawkins, Inc. | 6,758 | 251,330 | ||||||
Innophos Holdings, Inc. | 15,708 | 763,409 | ||||||
Koppers Holdings, Inc. | 14,490 | 662,917 | ||||||
Kraton Performance Polymers, Inc. (a) | 22,963 | 529,297 | ||||||
LSB Industries, Inc. (a) | 13,680 | 561,154 | ||||||
OM Group, Inc. (a) | 22,845 | 831,786 | ||||||
PolyOne Corp. | 29,500 | 1,042,825 | ||||||
Quaker Chemical Corp. | 4,400 | 339,108 | ||||||
Stepan Co. | 13,528 | 887,843 | ||||||
Tredegar Corp. | 17,945 | 516,995 | ||||||
Zep, Inc. | 16,195 | 294,101 | ||||||
7,879,482 | ||||||||
COMMERCIAL BANKS — 6.4% | ||||||||
Banner Corp. | 13,950 | 625,239 | ||||||
Cardinal Financial Corp. | 12,500 | 225,000 | ||||||
City Holding Co. | 5,928 | 274,644 | ||||||
Columbia Banking System, Inc. | 11,320 | 311,413 | ||||||
Community Bank System, Inc. (b) | 15,837 | 628,412 | ||||||
CVB Financial Corp. (b) | 34,123 | 582,480 | ||||||
F.N.B. Corp. | 113,400 | 1,431,108 | ||||||
First BanCorp- Puerto Rico (a)(b) | 47,531 | 294,217 | ||||||
First Commonwealth Financial Corp. | 30,700 | 270,774 | ||||||
First Financial Bancorp | 40,952 | 713,793 | ||||||
Hanmi Financial Corp. | 22,621 | 495,174 | ||||||
Independent Bank Corp.-Massachusetts (b) | 16,367 | 641,423 | ||||||
MB Financial, Inc. | — | 0 | ||||||
National Penn Bancshares, Inc. | 49,100 | 556,303 | ||||||
NBT Bancorp, Inc. (b) | 30,715 | 795,519 | ||||||
Old National Bancorp (b) | 32,339 | 497,051 | ||||||
S&T Bancorp, Inc. (b) | 21,120 | 534,547 | ||||||
Simmons First National Corp. | 11,486 | 426,705 | ||||||
Sterling Bancorp | 56,216 | 751,608 | ||||||
Susquehanna Bancshares, Inc. | 133,142 | 1,709,543 | ||||||
Taylor Capital Group, Inc. (a) | 4,064 | 108,021 | ||||||
Tompkins Financial Corp. | 8,356 | 429,415 | ||||||
UMB Financial Corp. | 13,618 | 875,365 | ||||||
United Bankshares, Inc. (b) | 32,743 | 1,029,767 | ||||||
ViewPoint Financial Group | 15,100 | 414,495 | ||||||
Wintrust Financial Corp. | 28,461 | 1,312,621 | ||||||
15,934,637 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 3.3% | ||||||||
ABM Industries, Inc. | 36,459 | 1,042,363 | ||||||
Consolidated Graphics, Inc. (a) | 5,699 | 384,341 | ||||||
G & K Services, Inc. (Class A) | 7,097 | 441,646 | ||||||
Healthcare Services Group, Inc. | 21,900 | 621,303 | ||||||
Interface, Inc. | 24,565 | 539,447 | ||||||
Tetra Tech, Inc. (a)(b) | 45,582 | 1,275,384 | ||||||
The Geo Group, Inc. | 51,400 | 1,656,108 | ||||||
UniFirst Corp. | 6,545 | 700,315 | ||||||
United Stationers, Inc. | 28,407 | 1,303,597 | ||||||
Viad Corp. | 14,393 | 399,838 | ||||||
8,364,342 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.6% | ||||||||
Arris Group, Inc. (a) | 27,000 | 657,855 | ||||||
Bel Fuse, Inc. (Class B) | 6,965 | 148,424 | ||||||
Black Box Corp. | 11,285 | 336,293 | ||||||
Comtech Telecommunications Corp. | 11,369 | 358,351 | ||||||
Digi International, Inc. (a) | 18,398 | 222,984 | ||||||
Ixia (a) | 19,300 | 256,883 |
See accompanying notes to financial statements.
227
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Netgear, Inc. (a)(b) | 27,700 | $ | 912,438 | |||||
Oplink Communications, Inc. (a) | 12,790 | 237,894 | ||||||
PC-Tel, Inc. | 5,610 | 53,687 | ||||||
Procera Networks, Inc. (a)(b) | 8,500 | 127,670 | ||||||
ViaSat, Inc. (a)(b) | 11,106 | 695,791 | ||||||
4,008,270 | ||||||||
COMPUTERS & PERIPHERALS — 0.6% | ||||||||
Avid Technology, Inc. (a)(b) | 22,060 | 179,789 | ||||||
Intevac, Inc. (a) | 10,974 | 81,537 | ||||||
QLogic Corp. (a) | 61,732 | 730,290 | ||||||
Super Micro Computer, Inc. (a) | 22,901 | 392,981 | ||||||
1,384,597 | ||||||||
CONSTRUCTION & ENGINEERING — 1.2% | ||||||||
Aegion Corp. (a)(b) | 27,412 | 600,049 | ||||||
Comfort Systems USA, Inc. | 11,718 | 227,212 | ||||||
EMCOR Group, Inc. | 47,755 | 2,026,722 | ||||||
Orion Marine Group, Inc. (a) | 19,328 | 232,516 | ||||||
3,086,499 | ||||||||
CONSTRUCTION MATERIALS — 0.3% | ||||||||
Headwaters, Inc. (a)(b) | 25,000 | 244,750 | ||||||
Texas Industries, Inc. (a) | 8,600 | 591,508 | ||||||
836,258 | ||||||||
CONSUMER FINANCE — 0.7% | ||||||||
Cash America International, Inc. (b) | 20,109 | 770,175 | ||||||
Ezcorp, Inc. (Class A) (a) | 38,465 | 449,656 | ||||||
Green Dot Corp. (Class A) (a)(b) | 8,187 | 205,903 | ||||||
World Acceptance Corp. (a)(b) | 3,235 | 283,159 | ||||||
1,708,893 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Myers Industries, Inc. | 10,676 | 225,477 | ||||||
DISTRIBUTORS — 0.4% | ||||||||
Pool Corp. | 15,100 | 877,914 | ||||||
VOXX International Corp. (a) | 13,863 | 231,512 | ||||||
1,109,426 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.5% | ||||||||
Career Education Corp. (a) | 40,629 | 231,585 | ||||||
ITT Educational Services, Inc. (a)(b) | 6,033 | 202,588 | ||||||
Regis Corp. | 31,100 | 451,261 | ||||||
Strayer Education, Inc. | 7,660 | 264,040 | ||||||
Universal Technical Institute, Inc. (b) | 15,259 | 212,253 | ||||||
1,361,727 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.3% | ||||||||
Interactive Brokers Group, Inc. (Class A) | 35,686 | 868,597 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.5% | ||||||||
Atlantic Tele-Network, Inc. | 7,095 | 401,364 | ||||||
Cbeyond, Inc. (a) | 20,278 | 139,918 | ||||||
Cincinnati Bell, Inc. (a) | 148,500 | 528,660 | ||||||
General Communication, Inc. (Class A) (a) | 10,144 | 113,106 | ||||||
1,183,048 | ||||||||
ELECTRIC UTILITIES — 2.3% | ||||||||
ALLETE, Inc. | 26,304 | 1,312,043 | ||||||
El Paso Electric Co. | 28,852 | 1,012,994 | ||||||
UIL Holdings Corp. (b) | 40,282 | 1,560,927 | ||||||
UNS Energy Corp. (b) | 29,543 | 1,768,149 | ||||||
5,654,113 | ||||||||
ELECTRICAL EQUIPMENT — 0.9% | ||||||||
Brady Corp. (Class A) | 22,084 | 683,058 | ||||||
Encore Wire Corp. | 4,288 | 232,410 | ||||||
Franklin Electric Co., Inc. | 10,300 | 459,792 | ||||||
II-VI, Inc. (a) | 38,842 | 683,619 | ||||||
Powell Industries, Inc. | 3,260 | 218,387 | ||||||
Vicor Corp. (a) | 6,443 | 86,465 | ||||||
2,363,731 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.1% | ||||||||
Agilysys, Inc. (a) | 3,927 | 54,664 | ||||||
Anixter International, Inc. | 18,980 | 1,705,163 | ||||||
Badger Meter, Inc. (b) | 5,400 | 294,300 | ||||||
Benchmark Electronics, Inc. (a) | 38,358 | 885,303 | ||||||
Checkpoint Systems, Inc. (a) | 29,581 | 466,492 | ||||||
Coherent, Inc. (a) | 7,767 | 577,787 | ||||||
CTS Corp. | 9,620 | 191,534 | ||||||
DTS, Inc. (a) | 6,079 | 145,774 | ||||||
Electro Scientific Industries, Inc. | 12,593 | 131,723 | ||||||
Insight Enterprises, Inc. (a) | 30,210 | 686,069 | ||||||
Littelfuse, Inc. | 7,700 | 715,561 | ||||||
Mercury Computer Systems, Inc. (a)(b) | 23,731 | 259,855 | ||||||
Newport Corp. (a) | 15,909 | 287,476 | ||||||
OSI Systems, Inc. (a) | 7,430 | 394,607 | ||||||
Park Electrochemical Corp. | 14,853 | 426,578 | ||||||
Plexus Corp. (a) | 24,048 | 1,041,038 | ||||||
Rofin-Sinar Technologies, Inc. (a) | 20,117 | 543,561 | ||||||
Rogers Corp. (a) | 6,447 | 396,491 | ||||||
Sanmina Corp. (a) | 60,129 | 1,004,154 | ||||||
Scansource, Inc. (a) | 20,083 | 852,122 | ||||||
SYNNEX Corp. (a) | 18,712 | 1,261,189 | ||||||
TTM Technologies, Inc. (a)(b) | 38,900 | 333,762 | ||||||
12,655,203 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.6% | ||||||||
Basic Energy Services, Inc. (a)(b) | 8,912 | 140,631 | ||||||
Bristow Group, Inc. | 14,916 | 1,119,595 | ||||||
Exterran Holdings, Inc. (a)(b) | 41,806 | 1,429,765 | ||||||
Gulf Island Fabrication, Inc. | 8,657 | 201,016 | ||||||
Hornbeck Offshore Services, Inc. (a) | 23,119 | 1,138,148 | ||||||
ION Geophysical Corp. (a)(b) | 52,454 | 173,098 | ||||||
Pioneer Energy Services Corp. (a) | 43,956 | 352,088 | ||||||
SEACOR Holdings, Inc. (a)(b) | 13,439 | 1,225,637 | ||||||
Tetra Technologies, Inc. (a) | 55,938 | 691,394 | ||||||
6,471,372 | ||||||||
FOOD & STAPLES RETAILING — 0.8% | ||||||||
Casey’s General Stores, Inc. (b) | 12,938 | 908,894 | ||||||
Spartan Stores, Inc. | 26,159 | 635,141 | ||||||
The Andersons, Inc. | 5,529 | 493,021 | ||||||
2,037,056 | ||||||||
FOOD PRODUCTS — 2.9% | ||||||||
Annie’s, Inc. (a) | 6,669 | 287,034 | ||||||
B&G Foods, Inc. (b) | 19,031 | 645,341 |
See accompanying notes to financial statements.
228
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Cal-Maine Foods, Inc. (b) | 10,677 | $ | 643,076 | |||||
Calavo Growers, Inc. (b) | 5,123 | 155,022 | ||||||
Darling International, Inc. (a) | 39,500 | 824,760 | ||||||
Diamond Foods, Inc. (a) | 7,628 | 197,108 | ||||||
J&J Snack Foods Corp. | 5,709 | 505,760 | ||||||
Sanderson Farms, Inc. | 14,453 | 1,045,385 | ||||||
Seneca Foods Corp. (a) | 4,959 | 158,142 | ||||||
Snyders-Lance, Inc. | 34,926 | 1,003,075 | ||||||
TreeHouse Foods, Inc. (a) | 25,930 | 1,787,096 | ||||||
7,251,799 | ||||||||
GAS UTILITIES — 3.2% | ||||||||
New Jersey Resources Corp. (b) | 30,006 | 1,387,477 | ||||||
Northwest Natural Gas Co. (b) | 19,292 | 826,083 | ||||||
Piedmont Natural Gas Co., Inc. | 53,935 | 1,788,485 | ||||||
South Jersey Industries, Inc. | 22,887 | 1,280,757 | ||||||
Southwest Gas Corp. | 33,058 | 1,848,273 | ||||||
The Laclede Group, Inc. | 21,698 | 988,127 | ||||||
8,119,202 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.2% | ||||||||
Abaxis, Inc. (a)(b) | 7,900 | 316,158 | ||||||
Analogic Corp. | 4,700 | 416,232 | ||||||
CONMED Corp. | 19,683 | 836,527 | ||||||
Cynosure, Inc. (Class A) (a) | 4,900 | 130,732 | ||||||
Greatbatch, Inc. (a) | 7,100 | 314,104 | ||||||
Haemonetics Corp. (a) | 21,300 | 897,369 | ||||||
ICU Medical, Inc. (a) | 9,400 | 598,874 | ||||||
Integra LifeSciences Holdings Corp. (a) | 9,881 | 471,423 | ||||||
Invacare Corp. | 20,561 | 477,221 | ||||||
Meridian Bioscience, Inc. (b) | 13,519 | 358,659 | ||||||
Merit Medical Systems, Inc. (a) | 29,015 | 456,696 | ||||||
Symmetry Medical, Inc. (a) | 26,540 | 267,523 | ||||||
5,541,518 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.9% | ||||||||
Almost Family, Inc. (a) | 5,827 | 188,387 | ||||||
Amedisys, Inc. (a)(b) | 23,145 | 338,611 | ||||||
AMN Healthcare Services, Inc. (a) | 32,813 | 482,351 | ||||||
AmSurg Corp. (a) | 7,108 | 326,400 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 10,000 | 255,400 | ||||||
Centene Corp. (a) | 38,976 | 2,297,635 | ||||||
Chemed Corp. (b) | 12,536 | 960,508 | ||||||
Cross Country Healthcare, Inc. (a) | 19,085 | 190,468 | ||||||
Gentiva Health Services, Inc. (a) | 12,725 | 157,917 | ||||||
Hanger, Inc. (a) | 14,100 | 554,694 | ||||||
Healthways, Inc. (a)(b) | 25,057 | 384,625 | ||||||
Kindred Healthcare, Inc. | 38,708 | 764,096 | ||||||
Landauer, Inc. | 3,700 | 194,657 | ||||||
LHC Group, Inc. (a) | 8,578 | 206,215 | ||||||
Magellan Health Services, Inc. (a) | 19,319 | 1,157,401 | ||||||
Molina Healthcare, Inc. (a)(b) | 20,281 | 704,765 | ||||||
PharMerica Corp. (a) | 20,939 | 450,189 | ||||||
The Ensign Group, Inc. | 4,787 | 211,921 | ||||||
9,826,240 | ||||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||||
Computer Programs and Systems, Inc. (b) | 3,355 | 207,373 | ||||||
HOTELS, RESTAURANTS & LEISURE — 2.3% | ||||||||
Biglari Holdings, Inc. (a) | 1,048 | 530,959 | ||||||
BJ’s Restaurants, Inc. (a)(b) | 17,684 | 549,265 | ||||||
Boyd Gaming Corp. (a)(b) | 26,950 | 303,457 | ||||||
CEC Entertainment, Inc. | 5,978 | 264,706 | ||||||
Cracker Barrel Old Country Store, Inc. (b) | 7,961 | 876,267 | ||||||
DineEquity, Inc. | 6,977 | 582,928 | ||||||
Interval Leisure Group, Inc. | 12,700 | 392,430 | ||||||
Jack in the Box, Inc. (a) | 14,290 | 714,786 | ||||||
Marcus Corp. | 12,816 | 172,247 | ||||||
Marriott Vacations Worldwide Corp. (a) | 21,754 | 1,147,741 | ||||||
Ruby Tuesday, Inc. (a) | 40,624 | 281,524 | ||||||
5,816,310 | ||||||||
HOUSEHOLD DURABLES — 1.8% | ||||||||
Blyth, Inc. (b) | 6,009 | 65,378 | ||||||
Ethan Allen Interiors, Inc. | 18,600 | 565,812 | ||||||
Helen of Troy, Ltd. (a) | 8,339 | 412,864 | ||||||
iRobot Corp. (a)(b) | 8,900 | 309,453 | ||||||
M/I Homes, Inc. (a) | 17,400 | 442,830 | ||||||
Meritage Homes Corp. (a) | 24,300 | 1,166,157 | ||||||
Standard Pacific Corp. (a)(b) | 106,808 | 966,612 | ||||||
The Ryland Group, Inc. (b) | 12,500 | 542,625 | ||||||
4,471,731 | ||||||||
HOUSEHOLD PRODUCTS — 0.1% | ||||||||
Central Garden & Pet Co. (Class A) (a)(b) | 29,637 | 200,050 | ||||||
INSURANCE — 3.1% | ||||||||
AMERISAFE, Inc. | 4,053 | 171,199 | ||||||
Horace Mann Educators Corp. | 28,801 | 908,383 | ||||||
Infinity Property & Casualty Corp. | 8,172 | 586,341 | ||||||
Meadowbrook Insurance Group, Inc. (b) | 33,263 | 231,510 | ||||||
ProAssurance Corp. | 43,939 | 2,130,163 | ||||||
RLI Corp. (b) | 5,953 | 579,703 | ||||||
Safety Insurance Group, Inc. | 9,111 | 512,949 | ||||||
Selective Insurance Group, Inc. | 39,826 | 1,077,692 | ||||||
Stewart Information Services Corp. (b) | 14,902 | 480,888 | ||||||
The Navigators Group, Inc. (a) | 7,518 | 474,837 | ||||||
Tower Group International, Ltd. (b) | 27,763 | 93,839 | ||||||
United Fire Group, Inc. | 15,368 | 440,447 | ||||||
7,687,951 | ||||||||
INTERNET & CATALOG RETAIL — 0.4% | ||||||||
Blue Nile, Inc. (a)(b) | 3,902 | 183,745 | ||||||
FTD Cos., Inc. (a) | 13,160 | 428,753 | ||||||
NutriSystem, Inc. | 9,406 | 154,635 | ||||||
PetMed Express, Inc. (b) | 8,826 | 146,776 | ||||||
913,909 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.7% | ||||||||
Dice Holdings, Inc. (a) | 10,700 | 77,575 | ||||||
Digital River, Inc. (a) | 11,774 | 217,819 | ||||||
Liquidity Services, Inc. (a)(b) | 18,400 | 416,944 | ||||||
LivePerson, Inc. (a)(b) | 19,300 | 286,026 | ||||||
Monster Worldwide, Inc. (a) | 74,798 | 533,310 |
See accompanying notes to financial statements.
229
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
QuinStreet, Inc. (a) | 13,721 | $ | 119,235 | |||||
1,650,909 | ||||||||
IT SERVICES — 1.4% | ||||||||
CACI International, Inc. (Class A) (a)(b) | 16,642 | 1,218,527 | ||||||
CIBER, Inc. (a) | 47,443 | 196,414 | ||||||
CSG Systems International, Inc. | 9,213 | 270,862 | ||||||
ExlService Holdings, Inc. (a) | 11,900 | 328,678 | ||||||
Forrester Research, Inc. | 4,049 | 154,915 | ||||||
Heartland Payment Systems, Inc. (b) | 12,067 | 601,419 | ||||||
Higher One Holdings, Inc. (a) | 14,793 | 144,380 | ||||||
Sykes Enterprises, Inc. (a) | 13,442 | 293,170 | ||||||
TeleTech Holdings, Inc. (a) | 7,493 | 179,383 | ||||||
3,387,748 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Callaway Golf Co. (b) | 53,210 | 448,560 | ||||||
JAKKS Pacific, Inc. (b) | 12,087 | 81,346 | ||||||
529,906 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.5% | ||||||||
Affymetrix, Inc. (a) | 26,677 | 228,622 | ||||||
Luminex Corp. (a)(b) | 13,000 | 252,200 | ||||||
PAREXEL International Corp. (a) | 16,900 | 763,542 | ||||||
1,244,364 | ||||||||
MACHINERY — 4.0% | ||||||||
Actuant Corp. (Class A) | 33,336 | 1,221,431 | ||||||
Albany International Corp. (Class A) | 12,063 | 433,424 | ||||||
Astec Industries, Inc. (b) | 13,250 | 511,848 | ||||||
Barnes Group, Inc. (b) | 13,798 | 528,601 | ||||||
Briggs & Stratton Corp. (b) | 33,642 | 732,050 | ||||||
EnPro Industries, Inc. (a)(b) | 9,311 | 536,779 | ||||||
ESCO Technologies, Inc. | 18,883 | 646,932 | ||||||
John Bean Technologies Corp. | 8,171 | 239,655 | ||||||
Lindsay Corp. (b) | 4,900 | 405,475 | ||||||
Lydall, Inc. (a) | 5,500 | 96,910 | ||||||
Mueller Industries, Inc. | 20,132 | 1,268,517 | ||||||
Standex International Corp. | 9,100 | 572,208 | ||||||
Tennant Co. (b) | 4,725 | 320,402 | ||||||
The Toro Co. | 16,700 | 1,062,120 | ||||||
Titan International, Inc. (b) | 38,197 | 686,782 | ||||||
Watts Water Technologies, Inc. (Class A) | 12,062 | 746,276 | ||||||
10,009,410 | ||||||||
MEDIA — 0.8% | ||||||||
Digital Generation, Inc. (a)(b) | 15,221 | 194,067 | ||||||
Harte-Hanks, Inc. | 30,701 | 240,082 | ||||||
Live Nation Entertainment, Inc. (a) | 44,459 | 878,510 | ||||||
Scholastic Corp. (b) | 18,400 | 625,784 | ||||||
1,938,443 | ||||||||
METALS & MINING — 2.3% | ||||||||
A.M. Castle & Co. (a)(b) | 11,807 | 174,389 | ||||||
AK Steel Holding Corp. (a)(b) | 63,258 | 518,716 | ||||||
AMCOL International Corp. (b) | 17,782 | 604,232 | ||||||
Century Aluminum Co. (a) | 36,492 | 381,706 | ||||||
Globe Specialty Metals, Inc. | 25,000 | 450,250 | ||||||
Haynes International, Inc. | 8,795 | 485,836 | ||||||
Kaiser Aluminum Corp. (b) | 13,341 | 937,072 | ||||||
Materion Corp. | 14,511 | 447,664 | ||||||
Olympic Steel, Inc. | 6,502 | 188,428 | ||||||
RTI International Metals, Inc. (a) | 8,314 | 284,422 | ||||||
Stillwater Mining Co. (a) | 53,676 | 662,362 | ||||||
SunCoke Energy, Inc. (a) | 26,300 | 599,903 | ||||||
5,734,980 | ||||||||
MULTI-UTILITIES — 1.0% | ||||||||
Avista Corp. | 42,741 | 1,204,869 | ||||||
NorthWestern Corp. | 27,374 | 1,185,841 | ||||||
2,390,710 | ||||||||
MULTILINE RETAIL — 0.3% | ||||||||
Fred’s, Inc. (Class A) | 24,356 | 451,073 | ||||||
Tuesday Morning Corp. (a) | 15,100 | 240,996 | ||||||
692,069 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 2.0% | ||||||||
Approach Resources, Inc. (a)(b) | 25,071 | 483,620 | ||||||
Arch Coal, Inc. (b) | 151,500 | 674,175 | ||||||
Cloud Peak Energy, Inc. (a) | 43,111 | 775,998 | ||||||
Comstock Resources, Inc. (b) | 31,616 | 578,257 | ||||||
Contango Oil & Gas Co. (a) | 10,857 | 513,102 | ||||||
Forest Oil Corp. (a) | 51,240 | 184,976 | ||||||
Green Plains Renewable Energy, Inc. (b) | 16,900 | 327,691 | ||||||
PDC Energy, Inc. (a) | 13,439 | 715,223 | ||||||
Penn Virginia Corp. (a) | 18,490 | 174,361 | ||||||
PetroQuest Energy, Inc. (a) | 27,957 | 120,774 | ||||||
Swift Energy Co. (a)(b) | 30,863 | 416,650 | ||||||
4,964,827 | ||||||||
PAPER & FOREST PRODUCTS — 1.4% | ||||||||
Clearwater Paper Corp. (a) | 14,984 | 786,660 | ||||||
Deltic Timber Corp. | 4,600 | 312,524 | ||||||
Neenah Paper, Inc. | 11,539 | 493,523 | ||||||
P.H. Glatfelter Co. | 30,722 | 849,156 | ||||||
Schweitzer-Mauduit International, Inc. | 13,100 | 674,257 | ||||||
Wausau Paper Corp. (b) | 34,835 | 441,708 | ||||||
3,557,828 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Medifast, Inc. (a)(b) | 9,100 | 237,783 | ||||||
PHARMACEUTICALS — 0.5% | ||||||||
Hi-Tech Pharmacal Co., Inc. (a) | 3,791 | 164,491 | ||||||
Impax Laboratories, Inc. (a) | 46,200 | 1,161,468 | ||||||
1,325,959 | ||||||||
PROFESSIONAL SERVICES — 1.6% | ||||||||
CDI Corp. | 10,277 | 190,433 | ||||||
Exponent, Inc. | 3,638 | 281,727 | ||||||
Heidrick & Struggles International, Inc. | 11,626 | 234,148 | ||||||
Insperity, Inc. | 16,081 | 581,006 | ||||||
Kelly Services, Inc. (Class A) | 19,497 | 486,255 | ||||||
Korn/Ferry International (a) | 35,340 | 923,081 | ||||||
Navigant Consulting, Inc. (a) | 14,490 | 278,208 | ||||||
Resources Connection, Inc. | 28,356 | 406,341 | ||||||
TrueBlue, Inc. (a) | 10,235 | 263,858 | ||||||
WageWorks, Inc. (a)(b) | 7,879 | 468,328 | ||||||
4,113,385 | ||||||||
See accompanying notes to financial statements.
230
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
REAL ESTATE INVESTMENT TRUSTS — 8.2% | ||||||||
Acadia Realty Trust | 26,141 | $ | 649,081 | |||||
Agree Realty Corp. | 10,610 | 307,902 | ||||||
American Assets Trust, Inc. | 12,016 | 377,663 | ||||||
Associated Estates Realty Corp. | 27,453 | 440,621 | ||||||
Capstead Mortgage Corp. (b) | 68,338 | 825,523 | ||||||
Cedar Realty Trust, Inc. | 44,396 | 277,919 | ||||||
Cousins Properties, Inc. | 125,838 | 1,296,131 | ||||||
DiamondRock Hospitality Co. | 69,744 | 805,543 | ||||||
EastGroup Properties, Inc. | 11,969 | 693,364 | ||||||
EPR Properties | 36,671 | 1,802,746 | ||||||
Franklin Street Properties Corp. | 62,162 | 742,836 | ||||||
Getty Realty Corp. | 19,031 | 349,599 | ||||||
Government Properties Income Trust (b) | 39,080 | 971,138 | ||||||
Healthcare Realty Trust, Inc. | 68,375 | 1,457,071 | ||||||
Inland Real Estate Corp. | 18,524 | 194,873 | ||||||
Kite Realty Group Trust | 93,287 | 612,896 | ||||||
LaSalle Hotel Properties | 37,791 | 1,166,230 | ||||||
Lexington Realty Trust (b) | 97,219 | 992,606 | ||||||
LTC Properties, Inc. | 15,409 | 545,325 | ||||||
Medical Properties Trust, Inc. | 38,060 | 465,093 | ||||||
Parkway Properties, Inc. | 25,358 | 489,156 | ||||||
Pennsylvania Real Estate Investment Trust | 48,634 | 923,073 | ||||||
Post Properties, Inc. | 24,600 | 1,112,658 | ||||||
PS Business Parks, Inc. | 7,021 | 536,545 | ||||||
Saul Centers, Inc. | 4,586 | 218,890 | ||||||
Sovran Self Storage, Inc. | 13,011 | 847,927 | ||||||
Tanger Factory Outlet Centers, Inc. | 33,702 | 1,079,138 | ||||||
Universal Health Realty Income Trust | 3,900 | 156,234 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 11,770 | 217,157 | ||||||
20,554,938 | ||||||||
ROAD & RAIL — 0.4% | ||||||||
Arkansas Best Corp. | 8,448 | 284,529 | ||||||
Heartland Express, Inc. (b) | 17,443 | 342,232 | ||||||
Knight Transportation, Inc. (b) | 25,754 | 472,328 | ||||||
1,099,089 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 4.8% | ||||||||
ATMI, Inc. (a) | 13,205 | 398,923 | ||||||
Brooks Automation, Inc. | 47,528 | 498,569 | ||||||
Cabot Microelectronics Corp. (a) | 9,883 | 451,653 | ||||||
CEVA, Inc. (a) | 10,560 | 160,723 | ||||||
Cirrus Logic, Inc. (a) | 26,700 | 545,481 | ||||||
Cohu, Inc. | 16,192 | 170,016 | ||||||
Diodes, Inc. (a) | 25,929 | 610,887 | ||||||
DSP Group, Inc. (a) | 9,012 | 87,507 | ||||||
Entropic Communications, Inc. (a) | 42,300 | 199,233 | ||||||
Exar Corp. (a) | 16,300 | 192,177 | ||||||
GT Advanced Technologies, Inc. (a)(b) | 41,568 | 362,473 | ||||||
Hittite Microwave Corp. (a) | 13,000 | 802,490 | ||||||
Kopin Corp. (a) | 28,015 | 118,223 | ||||||
Kulicke & Soffa Industries, Inc. (a) | 54,200 | 720,860 | ||||||
Micrel, Inc. | 32,583 | 321,594 | ||||||
Microsemi Corp. (a) | 26,800 | 668,660 | ||||||
MKS Instruments, Inc. | 37,984 | 1,137,241 | ||||||
Monolithic Power Systems, Inc. (a) | 11,700 | 405,522 | ||||||
Nanometrics, Inc. (a) | 10,000 | 190,500 | ||||||
Pericom Semiconductor Corp. (a) | 15,144 | 134,176 | ||||||
Power Integrations, Inc. | 8,362 | 466,767 | ||||||
Rubicon Technology, Inc. (a)(b) | 12,206 | 121,450 | ||||||
Rudolph Technologies, Inc. (a) | 23,500 | 275,890 | ||||||
Sigma Designs, Inc. (a) | 22,244 | 104,992 | ||||||
Supertex, Inc. (a) | 7,382 | 184,919 | ||||||
Tessera Technologies, Inc. | 20,597 | 405,967 | ||||||
TriQuint Semiconductor, Inc. (a) | 114,607 | 955,822 | ||||||
Ultratech, Inc. (a) | 13,100 | 379,900 | ||||||
Veeco Instruments, Inc. (a) | 28,000 | 921,480 | ||||||
11,994,095 | ||||||||
SOFTWARE — 1.3% | ||||||||
Bottomline Technologies, Inc. (a)(b) | 13,371 | 483,495 | ||||||
Ebix, Inc. (b) | 22,806 | 335,704 | ||||||
EPIQ Systems, Inc. | 6,475 | 104,960 | ||||||
Netscout Systems, Inc. (a) | 13,900 | 411,301 | ||||||
Progress Software Corp. (a) | 20,780 | 536,747 | ||||||
Quality Systems, Inc. (b) | 14,672 | 308,992 | ||||||
Take-Two Interactive Software, Inc. (a) | 42,088 | 731,069 | ||||||
Tangoe, Inc. (a)(b) | 14,362 | 258,660 | ||||||
Vasco Data Security International (a) | 20,800 | 160,784 | ||||||
3,331,712 | ||||||||
SPECIALTY RETAIL — 5.9% | ||||||||
Aeropostale, Inc. (a)(b) | 55,814 | 507,349 | ||||||
Barnes & Noble, Inc. (a)(b) | 26,248 | 392,408 | ||||||
Big 5 Sporting Goods Corp. | 12,841 | 254,509 | ||||||
Brown Shoe Co., Inc. | 29,285 | 824,080 | ||||||
Christopher & Banks Corp. (a) | 25,969 | 221,775 | ||||||
Genesco, Inc. (a) | 17,124 | 1,251,079 | ||||||
Group 1 Automotive, Inc. (b) | 15,093 | 1,071,905 | ||||||
Haverty Furniture Cos., Inc. | 7,298 | 228,427 | ||||||
Hibbett Sports, Inc. (a)(b) | 8,900 | 598,169 | ||||||
Jos. A. Bank Clothiers, Inc. (a) | 12,999 | 711,435 | ||||||
Monro Muffler Brake, Inc. (b) | 7,863 | 443,159 | ||||||
Outerwall, Inc. (a)(b) | 6,700 | 450,709 | ||||||
Pep Boys-Manny, Moe & Jack (a) | 37,421 | 454,291 | ||||||
Select Comfort Corp. (a)(b) | 25,600 | 539,904 | ||||||
Sonic Automotive, Inc. (Class A) | 24,455 | 598,658 | ||||||
Stage Stores, Inc. (b) | 22,673 | 503,794 | ||||||
Stein Mart, Inc. | 19,591 | 263,499 | ||||||
The Buckle, Inc. (b) | 11,963 | 628,775 | ||||||
The Cato Corp. (Class A) | 19,164 | 609,415 | ||||||
The Children’s Place Retail Stores, Inc. (a)(b) | 15,879 | 904,627 | ||||||
The Finish Line, Inc. (Class A) | 34,975 | 985,246 | ||||||
The Men’s Wearhouse, Inc. | 16,559 | 845,834 | ||||||
Vitamin Shoppe, Inc. (a) | 21,700 | 1,128,617 | ||||||
Zale Corp. (a)(b) | 10,809 | 170,458 | ||||||
Zumiez, Inc. (a)(b) | 6,637 | 172,562 | ||||||
14,760,684 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.4% | ||||||||
Crocs, Inc. (a) | 63,151 | 1,005,364 | ||||||
G-III Apparel Group, Ltd. (a) | 5,400 | 398,466 |
See accompanying notes to financial statements.
231
SPDR S&P 600 Small Cap Value ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Oxford Industries, Inc. | 3,800 | $ | 306,546 | |||||
Perry Ellis International, Inc. (a)(b) | 9,068 | 143,184 | ||||||
Quiksilver, Inc. (a)(b) | 91,174 | 799,596 | ||||||
Skechers U.S.A., Inc. (a) | 28,269 | 936,552 | ||||||
3,589,708 | ||||||||
THRIFTS & MORTGAGE FINANCE — 1.2% | ||||||||
Bank Mutual Corp. | 11,758 | 82,424 | ||||||
Brookline Bancorp, Inc. | 50,183 | 480,251 | ||||||
Dime Community Bancshares | 20,862 | 352,985 | ||||||
Northwest Bancshares, Inc. | 67,202 | 993,246 | ||||||
Provident Financial Services, Inc. | 37,992 | 734,005 | ||||||
TrustCo Bank Corp. NY | 42,487 | 305,057 | ||||||
2,947,968 | ||||||||
TOBACCO — 0.1% | ||||||||
Alliance One International, Inc. (a) | 58,352 | 177,974 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.9% | ||||||||
Applied Industrial Technologies, Inc. | 30,070 | 1,476,136 | ||||||
Kaman Corp. (b) | 19,346 | 768,617 | ||||||
2,244,753 | ||||||||
WATER UTILITIES — 0.2% | ||||||||
American States Water Co. | 16,338 | 469,391 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.1% | ||||||||
NTELOS Holdings Corp. (b) | 6,715 | 135,844 | ||||||
USA Mobility, Inc. | 15,639 | 223,324 | ||||||
359,168 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $217,762,792) | 249,552,267 | |||||||
SHORT TERM INVESTMENTS — 9.8% | ||||||||
MONEY MARKET FUNDS — 9.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 24,329,388 | 24,329,388 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 196,577 | 196,577 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $24,525,965) | 24,525,965 | |||||||
TOTAL INVESTMENTS — 109.6% (f) | ||||||||
(Cost $242,288,757) | 274,078,232 | |||||||
OTHER ASSETS & LIABILITIES — (9.6)% | (23,966,788 | ) | ||||||
NET ASSETS — 100.0% | $ | 250,111,444 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
232
SPDR Global Dow ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
AUSTRALIA — 1.2% | ||||||||
BHP Billiton, Ltd. | 19,063 | $ | 647,908 | |||||
National Australia Bank, Ltd. | 20,428 | 636,550 | ||||||
1,284,458 | ||||||||
BELGIUM — 0.7% | ||||||||
Anheuser-Busch InBev NV | 6,518 | 693,909 | ||||||
BRAZIL — 1.7% | ||||||||
Cia Energetica de Minas Gerais | 101,902 | 605,128 | ||||||
Petroleo Brasileiro SA ADR | 39,307 | 577,420 | ||||||
Petroleo Brasileiro SA Preference Shares | 1,500 | 10,859 | ||||||
Vale SA Preference Shares | 43,877 | 608,708 | ||||||
1,802,115 | ||||||||
CANADA — 1.9% | ||||||||
Canadian Oil Sands, Ltd. | 32,974 | 620,066 | ||||||
Potash Corp. of Saskatchewan, Inc. (a) | 19,497 | 642,621 | ||||||
Royal Bank of Canada | 10,118 | 680,025 | ||||||
1,942,712 | ||||||||
CHINA — 2.4% | ||||||||
China Construction Bank Corp. | 818,461 | 617,507 | ||||||
China Petroleum & Chemical Corp. | 816,744 | 666,773 | ||||||
Industrial & Commercial Bank of China | 906,016 | 612,287 | ||||||
PetroChina Co., Ltd. | 571,431 | 626,428 | ||||||
2,522,995 | ||||||||
DENMARK — 0.8% | ||||||||
Vestas Wind Systems A/S (b) | 29,080 | 860,460 | ||||||
FINLAND — 0.7% | ||||||||
Sampo Oyj (Class A) | 15,056 | 741,062 | ||||||
FRANCE — 6.1% | ||||||||
BNP Paribas | 9,609 | 750,087 | ||||||
Carrefour SA | 18,812 | 746,812 | ||||||
Compagnie de Saint-Gobain | 13,050 | 718,840 | ||||||
GDF Suez | 26,525 | 624,824 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 3,428 | 626,351 | ||||||
Societe Generale | 12,991 | 755,778 | ||||||
Total SA | 11,227 | 688,890 | ||||||
Veolia Environnement SA | 37,405 | 611,033 | ||||||
Vinci SA | 11,581 | 761,517 | ||||||
6,284,132 | ||||||||
GERMANY — 4.9% | ||||||||
Allianz SE | 4,241 | 761,750 | ||||||
BASF SE | 6,893 | 736,016 | ||||||
Daimler AG | 8,411 | 729,007 | ||||||
Deutsche Bank AG | 13,787 | 658,748 | ||||||
E.ON AG | 35,009 | 647,148 | ||||||
SAP AG | 8,788 | 754,538 | ||||||
Siemens AG | 5,499 | 752,355 | ||||||
5,039,562 | ||||||||
HONG KONG — 3.2% | ||||||||
China Mobile, Ltd. | 56,521 | 586,076 | ||||||
China Unicom (Hong Kong), Ltd. | 389,404 | 582,568 | ||||||
CLP Holdings, Ltd. | 78,334 | 619,297 | ||||||
Esprit Holdings, Ltd. (b) | 413,537 | 796,807 | ||||||
Hutchison Whampoa, Ltd. | 53,759 | 730,769 | ||||||
3,315,517 | ||||||||
INDIA — 2.0% | ||||||||
Bharti Airtel, Ltd. | 124,104 | 662,604 | ||||||
Infosys Technologies, Ltd. ADR | 13,352 | 755,723 | ||||||
Reliance Industries, Ltd. | 11,321 | 163,844 | ||||||
Reliance Industries, Ltd. GDR (c) | 17,490 | 507,909 | ||||||
2,090,080 | ||||||||
ITALY — 1.5% | ||||||||
Assicurazioni Generali SpA | 32,219 | 759,174 | ||||||
UniCredit SpA | 102,391 | 759,062 | ||||||
1,518,236 | ||||||||
JAPAN — 10.0% | ||||||||
Bridgestone Corp. (a) | 18,349 | 694,820 | ||||||
Canon, Inc. (a) | 19,821 | 627,981 | ||||||
Honda Motor Co., Ltd. | 16,775 | 691,078 | ||||||
Komatsu, Ltd. | 25,003 | 508,362 | ||||||
Mitsubishi Corp. | 32,389 | 621,556 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 100,447 | 663,244 | ||||||
Mitsui & Co., Ltd. | 44,151 | 615,396 | ||||||
Mizuho Financial Group, Inc. (a) | 294,641 | 639,153 | ||||||
Nintendo Co., Ltd. | 5,860 | 781,110 | ||||||
Nippon Steel Corp. | 191,961 | 642,883 | ||||||
Panasonic Corp. | 68,444 | 797,064 | ||||||
Seven & I Holdings Co., Ltd. | 17,596 | 699,789 | ||||||
Sony Corp. (a) | 30,262 | 525,745 | ||||||
Takeda Pharmaceutical Co., Ltd. | 13,609 | 624,741 | ||||||
Toshiba Corp. | 156,205 | 656,892 | ||||||
Toyota Motor Corp. | 10,174 | 621,446 | ||||||
10,411,260 | ||||||||
LUXEMBOURG — 0.8% | ||||||||
ArcelorMittal | 45,432 | 811,961 | ||||||
MEXICO — 0.7% | ||||||||
America Movil SAB de CV | 629,848 | 731,937 | ||||||
NETHERLANDS ANTILLES — 0.6% | ||||||||
Schlumberger, Ltd. | 7,379 | 664,922 | ||||||
PORTUGAL — 0.6% | ||||||||
EDP — Energias de Portugal SA | 177,567 | 653,291 | ||||||
RUSSIA — 0.6% | ||||||||
Gazprom OAO ADR | 73,229 | 626,108 | ||||||
SOUTH KOREA — 1.2% | ||||||||
LG Electronics, Inc. (a)(b) | 9,472 | 611,213 | ||||||
Samsung Electronics Co., Ltd. GDR | 986 | 643,858 | ||||||
1,255,071 | ||||||||
SPAIN — 2.2% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 61,268 | 755,428 | ||||||
Banco Santander SA | 86,420 | 774,750 | ||||||
Telefonica SA | 42,949 | 700,414 | ||||||
2,230,592 | ||||||||
SWEDEN — 0.6% | ||||||||
Telefonaktiebolaget LM Ericsson (Class B) | 47,015 | 574,639 | ||||||
SWITZERLAND — 3.9% | ||||||||
ABB, Ltd. (b) | 27,985 | 738,840 |
See accompanying notes to financial statements.
233
SPDR Global Dow ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Credit Suisse Group AG (b) | 20,923 | $ | 641,559 | |||||
Nestle SA | 9,562 | 702,084 | ||||||
Novartis AG | 8,390 | 671,691 | ||||||
Roche Holding AG | 2,514 | 704,434 | ||||||
UBS AG (b) | 30,604 | 582,245 | ||||||
4,040,853 | ||||||||
TAIWAN — 0.6% | ||||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 37,049 | 646,134 | ||||||
UNITED KINGDOM — 7.2% | ||||||||
Anglo American PLC | 25,630 | 560,335 | ||||||
AstraZeneca PLC | 12,664 | 749,742 | ||||||
BAE Systems PLC | 90,623 | 652,910 | ||||||
BP PLC | 90,259 | 729,592 | ||||||
GlaxoSmithKline PLC | 24,785 | 661,523 | ||||||
HSBC Holdings PLC | 57,788 | 633,992 | ||||||
National Grid PLC | 54,215 | 707,573 | ||||||
Rio Tinto PLC | 12,790 | 722,249 | ||||||
Royal Dutch Shell PLC (Class A) | 19,343 | 690,463 | ||||||
Tesco PLC | 108,066 | 598,434 | ||||||
Vodafone Group PLC | 189,625 | 744,337 | ||||||
7,451,150 | ||||||||
UNITED STATES — 43.7% | ||||||||
3M Co. | 5,378 | 754,264 | ||||||
Abbott Laboratories | 18,457 | 707,457 | ||||||
Alcoa, Inc. | 78,975 | 839,504 | ||||||
Amazon.com, Inc. (b) | 2,170 | 865,374 | ||||||
American Express Co. | 8,476 | 769,027 | ||||||
Amgen, Inc. | 5,600 | 639,296 | ||||||
Apple, Inc. | 1,328 | 745,154 | ||||||
AT&T, Inc. | 18,624 | 654,820 | ||||||
Bank of America Corp. | 44,492 | 692,740 | ||||||
Baxter International, Inc. | 8,953 | 622,681 | ||||||
Berkshire Hathaway, Inc. (Class B) (b) | 5,600 | 663,936 | ||||||
Carnival Corp. | 17,065 | 685,501 | ||||||
Caterpillar, Inc. | 7,349 | 667,363 | ||||||
Chevron Corp. | 5,120 | 639,539 | ||||||
Cisco Systems, Inc. | 26,271 | 589,784 | ||||||
Colgate-Palmolive Co. | 10,742 | 700,486 | ||||||
ConocoPhillips | 9,230 | 652,099 | ||||||
Deere & Co. | 7,775 | 710,091 | ||||||
E. I. du Pont de Nemours & Co. | 10,768 | 699,597 | ||||||
eBay, Inc. (b) | 11,812 | 648,361 | ||||||
Express Scripts Holding Co. (b) | 9,704 | 681,609 | ||||||
Exxon Mobil Corp. | 7,239 | 732,587 | ||||||
FedEx Corp. | 6,004 | 863,195 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 19,166 | 723,325 | ||||||
General Electric Co. | 26,846 | 752,493 | ||||||
Gilead Sciences, Inc. (b) | 10,056 | 755,708 | ||||||
Google, Inc. (Class A) (b) | 698 | 782,256 | ||||||
Hewlett-Packard Co. | 28,905 | 808,762 | ||||||
Honeywell International, Inc. | 7,595 | 693,955 | ||||||
Intel Corp. | 27,068 | 702,685 | ||||||
International Business Machines Corp. | 3,315 | 621,795 | ||||||
Johnson & Johnson | 7,271 | 665,951 | ||||||
JPMorgan Chase & Co. | 12,005 | 702,052 | ||||||
McDonald’s Corp. | 6,614 | 641,756 | ||||||
Medtronic, Inc. | 11,789 | 676,571 | ||||||
Merck & Co., Inc. | 13,367 | 669,018 | ||||||
Microsoft Corp. | 19,523 | 730,746 | ||||||
Mondelez International, Inc. (Class A) | 20,216 | 713,625 | ||||||
Monsanto Co. | 6,139 | 715,500 | ||||||
NIKE, Inc. (Class B) | 9,440 | 742,362 | ||||||
Pfizer, Inc. | 22,480 | 688,562 | ||||||
Philip Morris International, Inc. | 7,320 | 637,792 | ||||||
QUALCOMM, Inc. | 9,355 | 694,609 | ||||||
Southwest Airlines Co. | 45,684 | 860,687 | ||||||
Starbucks Corp. | 8,502 | 666,472 | ||||||
The Bank of New York Mellon Corp. | 20,389 | 712,392 | ||||||
The Boeing Co. | 5,770 | 787,547 | ||||||
The Coca-Cola Co. | 16,640 | 687,398 | ||||||
The Goldman Sachs Group, Inc. | 3,914 | 693,796 | ||||||
The Home Depot, Inc. | 8,511 | 700,796 | ||||||
The NASDAQ OMX Group, Inc. | 20,427 | 812,995 | ||||||
The Procter & Gamble Co. | 8,130 | 661,863 | ||||||
The Travelers Cos., Inc. | 7,690 | 696,253 | ||||||
The Walt Disney Co. | 9,605 | 733,822 | ||||||
The Williams Cos., Inc. | 17,613 | 679,333 | ||||||
Time Warner, Inc. | 10,194 | 710,726 | ||||||
Twenty-First Century Fox, Inc. | 19,547 | 687,663 | ||||||
United Parcel Service, Inc. (Class B) | 7,182 | 754,685 | ||||||
United Technologies Corp. | 5,860 | 666,868 | ||||||
UnitedHealth Group, Inc. | 8,625 | 649,462 | ||||||
Verizon Communications, Inc. | 13,388 | 657,886 | ||||||
Visa, Inc. (Class A) | 3,345 | 744,865 | ||||||
Wal-Mart Stores, Inc. | 8,637 | 679,646 | ||||||
Wells Fargo & Co. | 15,155 | 688,037 | ||||||
45,277,180 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $92,203,059) | 103,470,336 | |||||||
SHORT TERM INVESTMENTS — 1.8% | ||||||||
MONEY MARKET FUNDS — 1.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 1,789,785 | 1,789,785 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 23,316 | 23,316 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $1,813,101) | 1,813,101 | |||||||
TOTAL INVESTMENTS — 101.6% (g) | ||||||||
(Cost $94,016,160) | 105,283,437 | |||||||
OTHER ASSETS & LIABILITIES — (1.6)% | (1,616,287 | ) | ||||||
NET ASSETS — 100.0% | $ | 103,667,150 | ||||||
See accompanying notes to financial statements.
234
SPDR Global Dow ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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, 2013, 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.
235
SPDR Dow Jones REIT ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.4% | ||||||||
DIVERSIFIED REITS — 5.9% | ||||||||
Cousins Properties, Inc. | 858,138 | $ | 8,838,821 | |||||
Liberty Property Trust | 713,190 | 24,155,745 | ||||||
PS Business Parks, Inc. | 97,251 | 7,431,922 | ||||||
Vornado Realty Trust | 846,303 | 75,143,243 | ||||||
Washington Real Estate Investment Trust (a) | 326,424 | 7,625,265 | ||||||
123,194,996 | ||||||||
INDUSTRIAL REITS — 6.2% | ||||||||
DCT Industrial Trust, Inc. | 1,538,491 | 10,969,441 | ||||||
DuPont Fabros Technology, Inc. (a) | 317,330 | 7,841,225 | ||||||
EastGroup Properties, Inc. (a) | 148,755 | 8,617,377 | ||||||
First Industrial Realty Trust, Inc. | 486,885 | 8,496,143 | ||||||
First Potomac Realty Trust | 290,362 | 3,376,910 | ||||||
ProLogis | 2,426,357 | 89,653,891 | ||||||
128,954,987 | ||||||||
OFFICE REITS — 15.7% | ||||||||
Alexandria Real Estate Equities, Inc. | 348,449 | 22,168,325 | ||||||
BioMed Realty Trust, Inc. | 934,692 | 16,936,619 | ||||||
Boston Properties, Inc. | 743,773 | 74,652,496 | ||||||
Brandywine Realty Trust | 762,423 | 10,742,540 | ||||||
CommonWealth REIT (a) | 541,372 | 12,619,381 | ||||||
Corporate Office Properties Trust (a) | 425,168 | 10,072,230 | ||||||
Digital Realty Trust, Inc. (a) | 624,873 | 30,693,762 | ||||||
Douglas Emmett, Inc. | 631,340 | 14,703,909 | ||||||
Duke Realty Corp. | 1,585,019 | 23,838,686 | ||||||
Franklin Street Properties Corp. | 427,889 | 5,113,274 | ||||||
Highwoods Properties, Inc. (a) | 437,475 | 15,823,471 | ||||||
Kilroy Realty Corp. | 399,251 | 20,034,415 | ||||||
Mack-Cali Realty Corp. | 428,226 | 9,198,294 | ||||||
Parkway Properties, Inc. | 297,827 | 5,745,083 | ||||||
Piedmont Office Realty Trust, Inc. (Class A) (a) | 809,450 | 13,372,114 | ||||||
SL Green Realty Corp. | 461,495 | 42,632,908 | ||||||
328,347,507 | ||||||||
RESIDENTIAL REITS — 17.8% | ||||||||
American Campus Communities, Inc. | 509,762 | 16,419,434 | ||||||
American Homes 4 Rent (Class A) | 226,898 | 3,675,748 | ||||||
Apartment Investment & Management Co. (Class A) | 709,899 | 18,393,483 | ||||||
Associated Estates Realty Corp. (a) | 282,894 | 4,540,449 | ||||||
AvalonBay Communities, Inc. | 591,872 | 69,977,027 | ||||||
BRE Properties, Inc. | 375,539 | 20,545,739 | ||||||
Camden Property Trust | 415,060 | 23,608,613 | ||||||
Education Realty Trust, Inc. | 563,599 | 4,970,943 | ||||||
Equity Lifestyle Properties, Inc. | 385,137 | 13,953,513 | ||||||
Equity Residential | 1,630,696 | 84,584,201 | ||||||
Essex Property Trust, Inc. (a) | 185,054 | 26,557,099 | ||||||
Home Properties, Inc. | 276,815 | 14,842,820 | ||||||
Mid-America Apartment Communities, Inc. | 363,804 | 22,097,455 | ||||||
Post Properties, Inc. | 263,629 | 11,923,940 | ||||||
Sun Communities, Inc. (a) | 163,540 | 6,973,346 | ||||||
UDR, Inc. (a) | 1,219,901 | 28,484,688 | ||||||
371,548,498 | ||||||||
RETAIL REITS — 26.2% | ||||||||
Acadia Realty Trust (a) | 272,653 | 6,769,974 | ||||||
CBL & Associates Properties, Inc. | 826,618 | 14,846,059 | ||||||
Cedar Realty Trust, Inc. (a) | 305,171 | 1,910,370 | ||||||
DDR Corp. (a) | 1,415,714 | 21,759,524 | ||||||
Equity One, Inc. | 309,965 | 6,955,615 | ||||||
Federal Realty Investment Trust | 316,454 | 32,091,600 | ||||||
General Growth Properties, Inc. | 2,615,486 | 52,492,804 | ||||||
Glimcher Realty Trust | 712,019 | 6,664,498 | ||||||
Inland Real Estate Corp. (a) | 410,919 | 4,322,868 | ||||||
Kimco Realty Corp. | 1,993,169 | 39,365,088 | ||||||
Kite Realty Group Trust (a) | 619,471 | 4,069,924 | ||||||
Pennsylvania Real Estate Investment Trust | 334,567 | 6,350,082 | ||||||
Ramco-Gershenson Properties Trust (a) | 327,416 | 5,153,528 | ||||||
Regency Centers Corp. | 449,163 | 20,796,247 | ||||||
Rouse Properties, Inc. (a) | 126,698 | 2,811,429 | ||||||
Saul Centers, Inc. | 61,801 | 2,949,762 | ||||||
Simon Property Group, Inc. | 1,509,819 | 229,734,059 | ||||||
Tanger Factory Outlet Centers, Inc. | 459,666 | 14,718,505 | ||||||
Taubman Centers, Inc. | 309,186 | 19,763,169 | ||||||
The Macerich Co. | 683,751 | 40,266,096 | ||||||
Weingarten Realty Investors (a) | 545,766 | 14,964,904 | ||||||
548,756,105 | ||||||||
SPECIALIZED REITS — 27.6% | ||||||||
Ashford Hospitality Prime, Inc. | 68,819 | 1,252,506 | ||||||
Ashford Hospitality Trust, Inc. (a) | 344,094 | 2,849,098 | ||||||
CubeSmart (a) | 629,647 | 10,036,573 | ||||||
DiamondRock Hospitality Co. | 950,945 | 10,983,415 | ||||||
Extra Space Storage, Inc. | 534,998 | 22,539,466 | ||||||
FelCor Lodging Trust, Inc. (a)(b) | 537,413 | 4,385,290 | ||||||
HCP, Inc. | 2,219,867 | 80,625,569 | ||||||
Health Care REIT, Inc. | 1,404,440 | 75,235,851 | ||||||
Healthcare Realty Trust, Inc. | 466,482 | 9,940,731 | ||||||
Hersha Hospitality Trust | 945,171 | 5,264,603 | ||||||
Hospitality Properties Trust | 721,618 | 19,505,335 | ||||||
Host Hotels & Resorts, Inc. (a) | 3,679,456 | 71,528,625 | ||||||
LaSalle Hotel Properties | 506,885 | 15,642,471 | ||||||
LTC Properties, Inc. | 169,029 | 5,981,936 | ||||||
Pebblebrook Hotel Trust (a) | 299,449 | 9,211,051 | ||||||
Public Storage | 703,189 | 105,844,008 | ||||||
Senior Housing Properties Trust (a) | 915,434 | 20,350,098 | ||||||
Sovran Self Storage, Inc. | 154,378 | 10,060,814 | ||||||
Sunstone Hotel Investors, Inc. | 889,705 | 11,922,047 | ||||||
Universal Health Realty Income Trust | 62,378 | 2,498,863 | ||||||
Ventas, Inc. | 1,430,773 | 81,954,677 | ||||||
577,613,027 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,985,297,411) | 2,078,415,120 | |||||||
SHORT TERM INVESTMENTS — 3.1% | ||||||||
MONEY MARKET FUNDS — 3.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 61,176,410 | 61,176,410 |
See accompanying notes to financial statements.
236
SPDR Dow Jones REIT ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 3,671,945 | $ | 3,671,945 | |||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $64,848,355) | 64,848,355 | |||||||
TOTAL INVESTMENTS — 102.5% (f) | ||||||||
(Cost $2,050,145,766) | 2,143,263,475 | |||||||
OTHER ASSETS & LIABILITIES — (2.5)% | (52,232,072 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,091,031,403 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
237
SPDR S&P Bank ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
ASSET MANAGEMENT & CUSTODY BANKS — 4.0% | ||||||||
Northern Trust Corp. | 822,877 | $ | 50,927,857 | |||||
The Bank of New York Mellon Corp. | 1,439,623 | 50,300,428 | ||||||
101,228,285 | ||||||||
DIVERSIFIED BANKS — 5.9% | ||||||||
Comerica, Inc. (a) | 1,051,943 | 50,009,370 | ||||||
U.S. Bancorp | 1,212,969 | 49,003,948 | ||||||
Wells Fargo & Co. | 1,083,436 | 49,187,994 | ||||||
148,201,312 | ||||||||
OTHER DIVERSIFIED FINANCIAL SERVICES — 7.7% | ||||||||
Bank of America Corp. | 3,121,197 | 48,597,038 | ||||||
Citigroup, Inc. | 930,519 | 48,489,345 | ||||||
ING US, Inc. | 1,378,852 | 48,466,648 | ||||||
JPMorgan Chase & Co. | 844,344 | 49,377,237 | ||||||
194,930,268 | ||||||||
REGIONAL BANKS — 64.8% | ||||||||
Associated Banc-Corp. (a) | 2,811,816 | 48,925,598 | ||||||
BancorpSouth, Inc. (a) | 2,003,408 | 50,926,631 | ||||||
Bank of Hawaii Corp. (a) | 834,130 | 49,330,448 | ||||||
BB&T Corp. | 1,340,663 | 50,033,543 | ||||||
CapitalSource, Inc. | 3,349,493 | 48,132,215 | ||||||
CIT Group, Inc. | 963,223 | 50,212,815 | ||||||
City National Corp. (a) | 617,657 | 48,930,788 | ||||||
Commerce Bancshares, Inc. | 1,075,300 | 48,291,723 | ||||||
Cullen/Frost Bankers, Inc. (a) | 666,942 | 49,640,493 | ||||||
East West Bancorp, Inc. | 1,393,526 | 48,731,604 | ||||||
Fifth Third Bancorp | 2,358,404 | 49,597,236 | ||||||
First Horizon National Corp. (a) | 4,226,497 | 49,238,690 | ||||||
First Republic Bank | 930,498 | 48,711,570 | ||||||
FirstMerit Corp. | 2,164,744 | 48,122,259 | ||||||
Fulton Financial Corp. | 3,718,892 | 48,643,107 | ||||||
Hancock Holding Co. | 1,360,709 | 49,910,806 | ||||||
Huntington Bancshares, Inc. | 5,061,889 | 48,847,229 | ||||||
KeyCorp | 3,633,351 | 48,759,571 | ||||||
M&T Bank Corp. (a) | 416,519 | 48,491,142 | ||||||
PNC Financial Services Group, Inc. | 628,530 | 48,761,357 | ||||||
Popular, Inc. (b) | 1,748,948 | 50,247,276 | ||||||
Prosperity Bancshares, Inc. (a) | 770,186 | 48,822,091 | ||||||
Regions Financial Corp. | 4,971,601 | 49,169,134 | ||||||
Signature Bank (b) | 454,462 | 48,818,308 | ||||||
SunTrust Banks, Inc. | 1,354,124 | 49,845,305 | ||||||
Susquehanna Bancshares, Inc. | 3,842,610 | 49,339,112 | ||||||
SVB Financial Group (b) | 474,378 | 49,743,277 | ||||||
Synovus Financial Corp. | 14,017,552 | 50,463,187 | ||||||
TCF Financial Corp. (a) | 3,017,770 | 49,038,763 | ||||||
Texas Capital Bancshares, Inc. (a)(b) | 831,900 | 51,744,180 | ||||||
Umpqua Holdings Corp. (a) | 2,587,664 | 49,527,889 | ||||||
Valley National Bancorp (a) | 4,854,428 | 49,126,811 | ||||||
Zions Bancorporation (a) | 1,664,156 | 49,858,114 | ||||||
1,627,982,272 | ||||||||
THRIFTS & MORTGAGE FINANCE — 17.4% | ||||||||
BankUnited, Inc. | 1,486,328 | 48,929,918 | ||||||
First Niagara Financial Group, Inc. | 4,424,370 | 46,986,809 | ||||||
Hudson City Bancorp, Inc. (a) | 5,177,862 | 48,827,239 | ||||||
MGIC Investment Corp. (a)(b) | 5,708,277 | 48,177,858 | ||||||
New York Community Bancorp, Inc. (a) | 2,919,263 | 49,189,581 | ||||||
Ocwen Financial Corp. (b) | 856,636 | 47,500,466 | ||||||
People’s United Financial, Inc. (a) | 3,256,282 | 49,234,984 | ||||||
Radian Group, Inc. (a) | 3,330,705 | 47,029,555 | ||||||
Webster Financial Corp. (a) | 1,637,160 | 51,046,649 | ||||||
436,923,059 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $2,024,021,931) | 2,509,265,196 | |||||||
SHORT TERM INVESTMENTS — 7.9% | ||||||||
MONEY MARKET FUNDS — 7.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 197,151,818 | 197,151,818 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 1,892,895 | 1,892,895 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $199,044,713) | 199,044,713 | |||||||
TOTAL INVESTMENTS — 107.7% (f) | ||||||||
(Cost $2,223,066,644) | 2,708,309,909 | |||||||
OTHER ASSETS & LIABILITIES — (7.7)% | (194,552,506 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,513,757,403 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
238
SPDR S&P Capital Markets ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
ASSET MANAGEMENT & CUSTODY BANKS — 61.8% | ||||||||
Affiliated Managers Group, Inc. (a) | 15,692 | $ | 3,403,281 | |||||
American Capital, Ltd. (a) | 40,586 | 634,765 | ||||||
Ameriprise Financial, Inc. | 29,711 | 3,418,250 | ||||||
Apollo Investment Corp. | 68,782 | 583,271 | ||||||
Ares Capital Corp. | 34,248 | 608,587 | ||||||
Arlington Asset Investment Corp. (Class A) (b) | 33,189 | 875,858 | ||||||
Artisan Partners Asset Management, Inc. | 35,930 | 2,342,277 | ||||||
BlackRock Kelso Capital Corp. (b) | 61,590 | 574,635 | ||||||
BlackRock, Inc. | 10,646 | 3,369,140 | ||||||
Cohen & Steers, Inc. (b) | 26,314 | 1,054,139 | ||||||
Eaton Vance Corp. | 77,902 | 3,333,426 | ||||||
Federated Investors, Inc. (Class B) (b) | 121,211 | 3,490,877 | ||||||
Fifth Street Finance Corp. | 64,674 | 598,234 | ||||||
Financial Engines, Inc. | 48,385 | 3,361,790 | ||||||
Franklin Resources, Inc. | 58,679 | 3,387,539 | ||||||
Golub Capital BDC, Inc. (b) | 33,553 | 641,198 | ||||||
Hercules Technology Growth Capital, Inc. (b) | 35,516 | 582,462 | ||||||
Invesco, Ltd. | 91,661 | 3,336,460 | ||||||
Janus Capital Group, Inc. (b) | 297,352 | 3,678,244 | ||||||
Legg Mason, Inc. (b) | 76,605 | 3,330,785 | ||||||
Main Street Capital Corp. (b) | 18,543 | 606,171 | ||||||
MCG Capital Corp. | 72,338 | 318,287 | ||||||
Medley Capital Corp. (b) | 42,467 | 588,168 | ||||||
New Mountain Finance Corp. | 40,670 | 611,677 | ||||||
Northern Trust Corp. | 55,052 | 3,407,168 | ||||||
PennantPark Investment Corp. (b) | 50,679 | 587,876 | ||||||
Prospect Capital Corp. (b) | 53,501 | 600,281 | ||||||
SEI Investments Co. | 95,015 | 3,299,871 | ||||||
Solar Capital, Ltd. | 26,325 | 593,629 | ||||||
State Street Corp. (c) | 45,456 | 3,336,016 | ||||||
T. Rowe Price Group, Inc. | 40,447 | 3,388,245 | ||||||
TCP Capital Corp. (b) | 36,928 | 619,652 | ||||||
The Bank of New York Mellon Corp. | 96,320 | 3,365,421 | ||||||
THL Credit, Inc. (b) | 36,657 | 604,474 | ||||||
TICC Capital Corp. (b) | 58,103 | 600,785 | ||||||
Triangle Capital Corp. | 21,304 | 589,056 | ||||||
Virtus Investment Partners, Inc. (a) | 15,492 | 3,099,175 | ||||||
Waddell & Reed Financial, Inc. (Class A) | 51,056 | 3,324,767 | ||||||
WisdomTree Investments, Inc. (a)(b) | 209,506 | 3,710,351 | ||||||
75,856,288 | ||||||||
INVESTMENT BANKING & BROKERAGE — 35.6% | ||||||||
BGC Partners, Inc. (Class A) (b) | 201,812 | 1,222,981 | ||||||
E*TRADE Financial Corp. (a) | 171,061 | 3,359,638 | ||||||
Evercore Partners, Inc. (Class A) | 57,269 | 3,423,541 | ||||||
FXCM, Inc. (Class A) (b) | 165,226 | 2,947,632 | ||||||
Greenhill & Co., Inc. (b) | 56,630 | 3,281,142 | ||||||
Investment Technology Group, Inc. (a) | 51,239 | 1,053,474 | ||||||
KCG Holdings, Inc. (Class A) (a)(b) | 77,298 | 924,484 | ||||||
Lazard, Ltd. (Class A) | 74,339 | 3,369,044 | ||||||
LPL Investment Holdings, Inc. | 72,052 | 3,388,606 | ||||||
Morgan Stanley | 101,953 | 3,197,246 | ||||||
Piper Jaffray Co., Inc. (a)(b) | 18,746 | 741,404 | ||||||
Raymond James Financial, Inc. | 64,906 | 3,387,444 | ||||||
Stifel Financial Corp. (a)(b) | 70,694 | 3,387,657 | ||||||
TD Ameritrade Holding Corp. | 108,519 | 3,325,022 | ||||||
The Charles Schwab Corp. | 127,869 | 3,324,594 | ||||||
The Goldman Sachs Group, Inc. | 18,821 | 3,336,210 | ||||||
43,670,119 | ||||||||
MORTGAGE REIT — 2.4% | ||||||||
Walter Investment Management Corp. (a)(b) | 83,945 | 2,968,295 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $105,218,194) | 122,494,702 | |||||||
SHORT TERM INVESTMENTS — 10.9% | ||||||||
MONEY MARKET FUNDS — 10.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 13,215,642 | 13,215,642 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 145,619 | 145,619 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $13,361,261) | 13,361,261 | |||||||
TOTAL INVESTMENTS — 110.7% (g) | ||||||||
(Cost $118,579,455) | 135,855,963 | |||||||
OTHER ASSETS & LIABILITIES — (10.7)% | (13,083,593 | ) | ||||||
NET ASSETS — 100.0% | $ | 122,772,370 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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) |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
239
SPDR S&P Insurance ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
INSURANCE BROKERS — 10.1% | ||||||||
Aon PLC | 115,087 | $ | 9,654,648 | |||||
Arthur J. Gallagher & Co. | 205,181 | 9,629,144 | ||||||
Brown & Brown, Inc. | 314,466 | 9,871,088 | ||||||
Marsh & McLennan Cos., Inc. | 198,900 | 9,618,804 | ||||||
Willis Group Holdings PLC | 211,876 | 9,494,164 | ||||||
48,267,848 | ||||||||
LIFE & HEALTH INSURANCE — 22.2% | ||||||||
Aflac, Inc. | 142,492 | 9,518,466 | ||||||
CNO Financial Group, Inc. | 556,946 | 9,852,375 | ||||||
Lincoln National Corp. | 184,413 | 9,519,399 | ||||||
MetLife, Inc. | 183,600 | 9,899,712 | ||||||
Primerica, Inc. | 201,460 | 8,644,649 | ||||||
Principal Financial Group, Inc. | 195,442 | 9,637,245 | ||||||
Protective Life Corp. | 192,923 | 9,773,479 | ||||||
Prudential Financial, Inc. | 106,552 | 9,826,225 | ||||||
StanCorp Financial Group, Inc. | 146,621 | 9,713,641 | ||||||
Torchmark Corp. | 123,863 | 9,679,893 | ||||||
Unum Group | 277,056 | 9,719,125 | ||||||
105,784,209 | ||||||||
MULTI-LINE INSURANCE — 14.3% | ||||||||
American Financial Group, Inc. | 168,640 | 9,733,901 | ||||||
American International Group, Inc. | 188,911 | 9,643,907 | ||||||
Assurant, Inc. | 146,233 | 9,705,484 | ||||||
Genworth Financial, Inc. (Class A) (a) | 628,068 | 9,753,896 | ||||||
Hartford Financial Services Group, Inc. | 268,280 | 9,719,784 | ||||||
HCC Insurance Holdings, Inc. | 207,428 | 9,570,728 | ||||||
Loews Corp. | 201,821 | 9,735,845 | ||||||
67,863,545 | ||||||||
PROPERTY & CASUALTY INSURANCE — 36.8% | ||||||||
ACE, Ltd. | 94,707 | 9,805,016 | ||||||
Alleghany Corp. (a) | 23,829 | 9,530,647 | ||||||
Allied World Assurance Company Holdings, Ltd. | 86,536 | 9,762,126 | ||||||
Aspen Insurance Holdings, Ltd. | 231,418 | 9,559,878 | ||||||
Assured Guaranty, Ltd. | 423,255 | 9,984,585 | ||||||
Axis Capital Holdings, Ltd. | 199,265 | 9,479,036 | ||||||
Cincinnati Financial Corp. | 183,476 | 9,608,638 | ||||||
Fidelity National Financial, Inc. (Class A) (b) | 313,692 | 10,179,305 | ||||||
First American Financial Corp. (b) | 343,323 | 9,681,709 | ||||||
MBIA, Inc. (a)(b) | 845,694 | 10,097,586 | ||||||
Old Republic International Corp. | 583,624 | 10,079,186 | ||||||
ProAssurance Corp. | 196,322 | 9,517,691 | ||||||
The Allstate Corp. | 177,913 | 9,703,375 | ||||||
The Chubb Corp. | 101,039 | 9,763,399 | ||||||
The Hanover Insurance Group, Inc. | 160,392 | 9,577,006 | ||||||
The Progressive Corp. | 358,095 | 9,765,251 | ||||||
The Travelers Cos., Inc. | 108,680 | 9,839,887 | ||||||
W.R. Berkley Corp. | 220,634 | 9,573,309 | ||||||
175,507,630 | ||||||||
REINSURANCE — 16.5% | ||||||||
Arch Capital Group, Ltd. (a) | 164,756 | 9,834,286 | ||||||
Endurance Specialty Holdings, Ltd. | 156,748 | 9,196,405 | ||||||
Everest Re Group, Ltd. | 62,989 | 9,818,095 | ||||||
PartnerRe, Ltd. | 95,649 | 10,084,274 | ||||||
Reinsurance Group of America, Inc. | 125,700 | 9,730,437 | ||||||
RenaissanceRe Holdings, Ltd. (b) | 102,833 | 10,009,764 | ||||||
Validus Holdings, Ltd. | 241,836 | 9,743,573 | ||||||
XL Group PLC | 316,866 | 10,089,014 | ||||||
78,505,848 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $434,825,891) | 475,929,080 | |||||||
SHORT TERM INVESTMENTS — 2.8% | ||||||||
MONEY MARKET FUNDS — 2.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 13,292,793 | 13,292,793 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 169,469 | 169,469 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $13,462,262) | 13,462,262 | |||||||
TOTAL INVESTMENTS — 102.7% (f) | ||||||||
(Cost $448,288,153) | 489,391,342 | |||||||
OTHER ASSETS & LIABILITIES — (2.7)% | (12,929,972 | ) | ||||||
NET ASSETS — 100.0% | $ | 476,461,370 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
240
SPDR S&P Mortgage Finance ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
HOUSEHOLD DURABLES — 20.2% | ||||||||
D.R. Horton, Inc. (a) | 8,805 | $ | 196,527 | |||||
Lennar Corp. (Class A) (a) | 4,770 | 188,701 | ||||||
M.D.C. Holdings, Inc. (a) | 5,791 | 186,702 | ||||||
NVR, Inc. (b) | 176 | 180,578 | ||||||
Pulte Group, Inc. (a) | 9,259 | 188,606 | ||||||
Standard Pacific Corp. (a)(b) | 20,739 | 187,688 | ||||||
Taylor Morrison Home Corp. (Class A) (b) | 8,265 | 185,549 | ||||||
The Ryland Group, Inc. (a) | 4,341 | 188,443 | ||||||
Toll Brothers, Inc. (a)(b) | 5,123 | 189,551 | ||||||
1,692,345 | ||||||||
INSURANCE — 51.0% | ||||||||
ACE, Ltd. | 1,682 | 174,137 | ||||||
Allied World Assurance Company Holdings, Ltd. | 1,538 | 173,502 | ||||||
Ambac Financial Group, Inc. (a)(b) | 8,168 | 200,606 | ||||||
Amtrust Financial Services, Inc. (a) | 4,963 | 162,240 | ||||||
Arch Capital Group, Ltd. (a)(b) | 2,928 | 174,772 | ||||||
Aspen Insurance Holdings, Ltd. (a) | 4,112 | 169,867 | ||||||
Assured Guaranty, Ltd. (a) | 7,520 | 177,397 | ||||||
Axis Capital Holdings, Ltd. | 3,541 | 168,445 | ||||||
Cincinnati Financial Corp. (a) | 3,259 | 170,674 | ||||||
CNA Financial Corp. | 2,271 | 97,403 | ||||||
Employers Holdings, Inc. (a) | 2,495 | 78,967 | ||||||
Fidelity National Financial, Inc. (Class A) (a) | 5,574 | 180,876 | ||||||
First American Financial Corp. | 6,100 | 172,020 | ||||||
Hilltop Holdings, Inc. (b) | 5,948 | 137,577 | ||||||
MBIA, Inc. (a)(b) | 15,027 | 179,422 | ||||||
Mercury General Corp. (a) | 1,948 | 96,835 | ||||||
Old Republic International Corp. | 10,369 | 179,073 | ||||||
ProAssurance Corp. | 3,487 | 169,050 | ||||||
RLI Corp. (a) | 1,050 | 102,249 | ||||||
Stewart Information Services Corp. (a) | 2,817 | 90,905 | ||||||
The Allstate Corp. | 3,161 | 172,401 | ||||||
The Chubb Corp. (a) | 1,796 | 173,548 | ||||||
The Hanover Insurance Group, Inc. | 2,849 | 170,114 | ||||||
The Progressive Corp. | 6,362 | 173,492 | ||||||
The Travelers Cos., Inc. | 1,930 | 174,742 | ||||||
W.R. Berkley Corp. | 3,920 | 170,089 | ||||||
XL Group PLC | 5,631 | 179,291 | ||||||
4,269,694 | ||||||||
THRIFTS & MORTGAGE FINANCE — 28.5% | ||||||||
Astoria Financial Corp. (a) | 8,260 | 114,236 | ||||||
BofI Holding, Inc. (a)(b) | 2,124 | 166,585 | ||||||
Brookline Bancorp, Inc. | 4,557 | 43,611 | ||||||
Capitol Federal Financial, Inc. | 11,883 | 143,903 | ||||||
EverBank Financial Corp. (a) | 5,919 | 108,555 | ||||||
Home Loan Servicing Solutions, Ltd. | 7,174 | 164,787 | ||||||
Hudson City Bancorp, Inc. (a) | 18,226 | 171,871 | ||||||
MGIC Investment Corp. (a)(b) | 20,114 | 169,762 | ||||||
Nationstar Mortgage Holdings, Inc. (a)(b) | 4,218 | 155,897 | ||||||
New York Community Bancorp, Inc. (a) | 10,286 | 173,319 | ||||||
Northwest Bancshares, Inc. | 10,549 | 155,914 | ||||||
Ocwen Financial Corp. (b) | 3,018 | 167,348 | ||||||
Oritani Financial Corp. | 2,044 | 32,806 | ||||||
People’s United Financial, Inc. (a) | 11,474 | 173,487 | ||||||
Provident Financial Services, Inc. | 2,781 | 53,729 | ||||||
Radian Group, Inc. (a) | 11,724 | 165,543 | ||||||
TFS Financial Corp. (b) | 5,262 | 63,749 | ||||||
Washington Federal, Inc. | 7,004 | 163,123 | ||||||
2,388,225 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $6,127,873) | 8,350,264 | |||||||
SHORT TERM INVESTMENTS — 22.2% | ||||||||
MONEY MARKET FUNDS — 22.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 1,841,126 | 1,841,126 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 13,988 | 13,988 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $1,855,114) | 1,855,114 | |||||||
TOTAL INVESTMENTS — 121.9% (f) | ||||||||
(Cost $7,982,987) | 10,205,378 | |||||||
OTHER ASSETS & LIABILITIES — (21.9)% | (1,833,678 | ) | ||||||
NET ASSETS — 100.0% | $ | 8,371,700 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
241
SPDR S&P Regional Banking ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
REGIONAL BANKS — 95.5% | ||||||||
Associated Banc-Corp. (a) | 2,453,170 | $ | 42,685,158 | |||||
BancorpSouth, Inc. | 1,747,800 | 44,429,076 | ||||||
Bank of Hawaii Corp. (a) | 727,754 | 43,039,372 | ||||||
Bank of the Ozarks, Inc. (a) | 717,533 | 40,605,192 | ||||||
Banner Corp. | 500,844 | 22,447,828 | ||||||
BB&T Corp. | 1,167,869 | 43,584,871 | ||||||
BBCN Bancorp, Inc. | 2,037,248 | 33,797,944 | ||||||
BOK Financial Corp. | 399,476 | 26,493,248 | ||||||
Boston Private Financial Holdings, Inc. | 1,807,108 | 22,805,703 | ||||||
CapitalSource, Inc. | 2,919,252 | 41,949,651 | ||||||
Cardinal Financial Corp. | 1,136,462 | 20,456,316 | ||||||
Cathay General Bancorp | 1,329,500 | 35,537,535 | ||||||
CIT Group, Inc. | 840,403 | 43,810,208 | ||||||
City National Corp. | 538,292 | 42,643,492 | ||||||
Columbia Banking System, Inc. | 1,208,520 | 33,246,385 | ||||||
Commerce Bancshares, Inc. (a) | 938,200 | 42,134,562 | ||||||
Community Bank System, Inc. (a) | 625,468 | 24,818,570 | ||||||
Cullen/Frost Bankers, Inc. (a) | 581,843 | 43,306,575 | ||||||
CVB Financial Corp. (a) | 2,363,226 | 40,340,268 | ||||||
East West Bancorp, Inc. | 1,215,780 | 42,515,827 | ||||||
F.N.B. Corp. | 3,391,020 | 42,794,672 | ||||||
Fifth Third Bancorp | 2,057,561 | 43,270,508 | ||||||
First BanCorp- Puerto Rico (b) | 5,301,419 | 32,815,784 | ||||||
First Commonwealth Financial Corp. | 2,335,552 | 20,599,569 | ||||||
First Financial Bancorp | 1,088,280 | 18,968,720 | ||||||
First Financial Bankshares, Inc. (a) | 487,766 | 32,348,641 | ||||||
First Horizon National Corp. (a) | 3,687,481 | 42,959,154 | ||||||
First Midwest Bancorp, Inc. | 1,574,798 | 27,606,209 | ||||||
First Republic Bank | 811,804 | 42,497,939 | ||||||
FirstMerit Corp. | 1,886,654 | 41,940,318 | ||||||
Fulton Financial Corp. | 3,244,611 | 42,439,512 | ||||||
Glacier Bancorp, Inc. | 1,439,282 | 42,876,211 | ||||||
Hancock Holding Co. | 1,187,112 | 43,543,268 | ||||||
Hanmi Financial Corp. | 1,128,085 | 24,693,781 | ||||||
Home Bancshares, Inc. | 841,973 | 31,447,692 | ||||||
Huntington Bancshares, Inc. | 4,416,210 | 42,616,427 | ||||||
IBERIABANK Corp. | 683,990 | 42,988,772 | ||||||
Independent Bank Corp.-Massachusetts | 437,291 | 17,137,434 | ||||||
International Bancshares Corp. | 907,066 | 23,937,472 | ||||||
Investors Bancorp, Inc. | 928,753 | 23,757,502 | ||||||
KeyCorp | 3,169,955 | 42,540,796 | ||||||
M&T Bank Corp. (a) | 363,430 | 42,310,521 | ||||||
MB Financial, Inc. | 1,169,405 | 37,526,206 | ||||||
National Penn Bancshares, Inc. | 3,799,283 | 43,045,876 | ||||||
NBT Bancorp, Inc. (a) | 595,031 | 15,411,303 | ||||||
OFG Bancorp | 2,066,453 | 35,832,295 | ||||||
Old National Bancorp (a) | 2,735,976 | 42,051,951 | ||||||
PacWest Bancorp (a) | 993,747 | 41,955,998 | ||||||
Pinnacle Financial Partners, Inc. | 680,236 | 22,128,077 | ||||||
PNC Financial Services Group, Inc. | 548,384 | 42,543,631 | ||||||
Popular, Inc. (b) | 1,525,842 | 43,837,441 | ||||||
PrivateBancorp, Inc. | 1,494,446 | 43,234,323 | ||||||
Prosperity Bancshares, Inc. (a) | 671,253 | 42,550,728 | ||||||
Regions Financial Corp. | 4,337,573 | 42,898,597 | ||||||
Signature Bank (b) | 396,477 | 42,589,559 | ||||||
State Bank Financial Corp. | 658,424 | 11,976,733 | ||||||
Sterling Financial Corp. | 1,273,040 | 43,385,203 | ||||||
SunTrust Banks, Inc. | 1,181,385 | 43,486,782 | ||||||
Susquehanna Bancshares, Inc. | 3,352,489 | 43,045,959 | ||||||
SVB Financial Group (b) | 413,504 | 43,360,029 | ||||||
Synovus Financial Corp. | 12,229,691 | 44,026,888 | ||||||
TCF Financial Corp. | 2,632,926 | 42,785,048 | ||||||
Texas Capital Bancshares, Inc. (a)(b) | 725,067 | 45,099,167 | ||||||
The National Bank Holdings Corp. (Class A) | 818,493 | 17,515,750 | ||||||
Trustmark Corp. | 1,553,926 | 41,707,374 | ||||||
UMB Financial Corp. | 666,742 | 42,858,176 | ||||||
Umpqua Holdings Corp. (a) | 2,257,565 | 43,209,794 | ||||||
United Bankshares, Inc. (a) | 814,891 | 25,628,322 | ||||||
United Community Banks, Inc. (b) | 2,108,466 | 37,425,272 | ||||||
Valley National Bancorp (a) | 4,235,317 | 42,861,408 | ||||||
ViewPoint Financial Group (a) | 815,165 | 22,376,279 | ||||||
Westamerica Bancorporation (a) | 635,196 | 35,863,166 | ||||||
Western Alliance Bancorp (b) | 1,821,111 | 43,451,708 | ||||||
Wilshire Bancorp, Inc. | 1,977,038 | 21,609,025 | ||||||
Wintrust Financial Corp. (a) | 905,178 | 41,746,809 | ||||||
Zions Bancorporation (a) | 1,451,945 | 43,500,272 | ||||||
2,769,263,832 | ||||||||
THRIFTS & MORTGAGE FINANCE — 4.4% | ||||||||
BankUnited, Inc. | 1,295,419 | 42,645,194 | ||||||
First Niagara Financial Group, Inc. | 3,845,016 | 40,834,070 | ||||||
Webster Financial Corp. | 1,428,280 | 44,533,770 | ||||||
128,013,034 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $2,610,237,948) | 2,897,276,866 | |||||||
SHORT TERM INVESTMENTS — 4.4% | ||||||||
MONEY MARKET FUNDS — 4.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 128,798,720 | 128,798,720 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 507,812 | 507,812 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $129,306,532) | 129,306,532 | |||||||
TOTAL INVESTMENTS — 104.3% (f) | ||||||||
(Cost $2,739,544,480) | 3,026,583,398 | |||||||
OTHER ASSETS & LIABILITIES — (4.3)% | (125,621,713 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,900,961,685 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
242
SPDR Morgan Stanley Technology ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
COMMUNICATIONS EQUIPMENT — 14.5% | ||||||||
Cisco Systems, Inc. | 286,135 | $ | 6,423,731 | |||||
Juniper Networks, Inc. (a) | 277,660 | 6,266,786 | ||||||
Motorola Solutions, Inc. | 92,122 | 6,218,235 | ||||||
QUALCOMM, Inc. | 83,005 | 6,163,121 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) ADR | 511,115 | 6,256,048 | ||||||
31,327,921 | ||||||||
COMPUTERS & PERIPHERALS — 17.1% | ||||||||
Apple, Inc. | 11,010 | 6,177,821 | ||||||
EMC Corp. | 246,257 | 6,193,364 | ||||||
Hewlett-Packard Co. | 217,434 | 6,083,803 | ||||||
NetApp, Inc. | 149,311 | 6,142,655 | ||||||
SanDisk Corp. | 87,013 | 6,137,897 | ||||||
Seagate Technology PLC | 108,589 | 6,098,358 | ||||||
36,833,898 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 2.9% | ||||||||
Corning, Inc. | 346,741 | 6,178,924 | ||||||
INTERNET & CATALOG RETAIL — 8.2% | ||||||||
Amazon.com, Inc. (a) | 15,038 | 5,997,004 | ||||||
Netflix, Inc. (a) | 16,085 | 5,922,015 | ||||||
Priceline.com, Inc. (a) | 5,076 | 5,900,342 | ||||||
17,819,361 | ||||||||
INTERNET SOFTWARE & SERVICES — 11.2% | ||||||||
eBay, Inc. (a) | 110,777 | 6,080,550 | ||||||
Facebook, Inc. (Class A) (a) | 109,649 | 5,993,414 | ||||||
Google, Inc. (Class A) (a) | 5,504 | 6,168,388 | ||||||
LinkedIn Corp. (Class A) (a) | 27,676 | 6,000,987 | ||||||
24,243,339 | ||||||||
IT SERVICES — 14.4% | ||||||||
Accenture PLC (Class A) | 75,083 | 6,173,324 | ||||||
Automatic Data Processing, Inc. | 75,572 | 6,106,973 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 61,583 | 6,218,651 | ||||||
International Business Machines Corp. | 33,541 | 6,291,286 | ||||||
Visa, Inc. (Class A) (b) | 27,983 | 6,231,255 | ||||||
31,021,489 | ||||||||
OFFICE ELECTRONICS — 2.9% | ||||||||
Xerox Corp. | 507,107 | 6,171,492 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 11.5% | ||||||||
Analog Devices, Inc. | 120,816 | 6,153,159 | ||||||
Applied Materials, Inc. | 351,631 | 6,220,353 | ||||||
Intel Corp. | 241,199 | 6,261,526 | ||||||
Texas Instruments, Inc. | 140,674 | 6,176,995 | ||||||
24,812,033 | ||||||||
SOFTWARE — 17.2% | ||||||||
Adobe Systems, Inc. (a) | 102,027 | 6,109,377 | ||||||
Microsoft Corp. | 164,768 | 6,167,266 | ||||||
Oracle Corp. | 166,210 | 6,359,194 | ||||||
Salesforce.com, Inc. (a)(b) | 112,567 | 6,212,573 | ||||||
SAP AG ADR (b) | 71,807 | 6,257,262 | ||||||
VMware, Inc. (Class A) (a)(b) | 67,062 | 6,016,132 | ||||||
37,121,804 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $169,228,736) | 215,530,261 | |||||||
SHORT TERM INVESTMENTS — 4.9% | ||||||||
MONEY MARKET FUNDS — 4.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 10,552,554 | 10,552,554 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 79,546 | 79,546 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $10,632,100) | 10,632,100 | |||||||
TOTAL INVESTMENTS — 104.8% (f) | ||||||||
(Cost $179,860,836) | 226,162,361 | |||||||
OTHER ASSETS & LIABILITIES — (4.8)% | (10,452,053 | ) | ||||||
NET ASSETS — 100.0% | $ | 215,710,308 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
243
SPDR S&P Dividend ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AEROSPACE & DEFENSE — 1.5% | ||||||||
General Dynamics Corp. | 1,977,183 | $ | 188,919,836 | |||||
BEVERAGES — 4.2% | ||||||||
Brown-Forman Corp. (Class B) | 1,445,190 | 109,213,009 | ||||||
PepsiCo, Inc. | 2,394,914 | 198,634,167 | ||||||
The Coca-Cola Co. | 5,307,113 | 219,236,838 | ||||||
527,084,014 | ||||||||
BUILDING PRODUCTS — 0.7% | ||||||||
A.O. Smith Corp. | 1,585,074 | 85,498,892 | ||||||
CAPITAL MARKETS — 3.6% | ||||||||
Eaton Vance Corp. (a) | 3,210,215 | 137,365,100 | ||||||
Franklin Resources, Inc. | 1,046,307 | 60,403,303 | ||||||
SEI Investments Co. | 2,763,223 | 95,966,735 | ||||||
T. Rowe Price Group, Inc. (a) | 1,918,878 | 160,744,410 | ||||||
454,479,548 | ||||||||
CHEMICALS — 6.0% | ||||||||
Air Products & Chemicals, Inc. | 1,661,786 | 185,754,439 | ||||||
Ecolab, Inc. | 631,431 | 65,839,310 | ||||||
Praxair, Inc. | 1,112,064 | 144,601,682 | ||||||
RPM International, Inc. | 2,483,573 | 103,093,115 | ||||||
Sigma-Aldrich Corp. (a) | 817,480 | 76,851,295 | ||||||
The Sherwin-Williams Co. | 413,056 | 75,795,776 | ||||||
Valspar Corp. | 1,492,379 | 106,391,699 | ||||||
758,327,316 | ||||||||
COMMERCIAL BANKS — 0.7% | ||||||||
Commerce Bancshares, Inc. | 1,880,304 | 84,444,453 | ||||||
COMMERCIAL SERVICES & SUPPLIES — 0.8% | ||||||||
Cintas Corp. (a) | 1,637,566 | 97,582,558 | ||||||
COMPUTERS & PERIPHERALS — 1.3% | ||||||||
Diebold, Inc. (a)(b) | 4,770,958 | 157,489,324 | ||||||
CONTAINERS & PACKAGING — 1.8% | ||||||||
Bemis Co., Inc. | 3,655,706 | 149,737,718 | ||||||
Sonoco Products Co. (a) | 1,941,446 | 80,997,127 | ||||||
230,734,845 | ||||||||
DISTRIBUTORS — 1.5% | ||||||||
Genuine Parts Co. (a) | 2,235,380 | 185,961,262 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.0% | ||||||||
AT&T, Inc. | 10,550,478 | 370,954,807 | ||||||
ELECTRICAL EQUIPMENT — 1.7% | ||||||||
Emerson Electric Co. | 2,629,629 | 184,547,363 | ||||||
Roper Industries, Inc. | 257,363 | 35,691,101 | ||||||
220,238,464 | ||||||||
FOOD & STAPLES RETAILING — 4.9% | ||||||||
Sysco Corp. (a) | 7,403,842 | 267,278,696 | ||||||
Wal-Mart Stores, Inc. | 2,303,219 | 181,240,303 | ||||||
Walgreen Co. | 2,837,336 | 162,976,580 | ||||||
611,495,579 | ||||||||
FOOD PRODUCTS — 3.4% | ||||||||
Archer-Daniels-Midland Co. | 3,822,352 | 165,890,077 | ||||||
Hormel Foods Corp. | 2,539,446 | 114,706,776 | ||||||
McCormick & Co., Inc. (a) | 2,150,033 | 148,180,274 | ||||||
428,777,127 | ||||||||
GAS UTILITIES — 5.0% | ||||||||
Atmos Energy Corp. | 2,391,110 | 108,604,216 | ||||||
National Fuel Gas Co. (a) | 1,835,156 | 131,030,138 | ||||||
Piedmont Natural Gas Co., Inc. | 1,384,121 | 45,897,452 | ||||||
Questar Corp. | 7,247,954 | 166,630,463 | ||||||
UGI Corp. | 2,975,238 | 123,353,368 | ||||||
WGL Holdings, Inc. (a) | 1,447,905 | 58,003,074 | ||||||
633,518,711 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 3.8% | ||||||||
Abbott Laboratories | 3,388,246 | 129,871,469 | ||||||
Becton, Dickinson and Co. | 1,305,392 | 144,232,762 | ||||||
C.R. Bard, Inc. | 415,123 | 55,601,575 | ||||||
Medtronic, Inc. | 2,593,028 | 148,813,877 | ||||||
478,519,683 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 1.5% | ||||||||
Cardinal Health, Inc. | 2,877,306 | 192,232,814 | ||||||
HOTELS, RESTAURANTS & LEISURE — 1.9% | ||||||||
McDonald’s Corp. | 2,409,829 | 233,825,708 | ||||||
HOUSEHOLD DURABLES — 1.5% | ||||||||
Leggett & Platt, Inc. (a) | 6,013,747 | 186,065,332 | ||||||
HOUSEHOLD PRODUCTS — 7.2% | ||||||||
Colgate-Palmolive Co. | 2,530,238 | 164,996,820 | ||||||
Kimberly-Clark Corp. | 2,404,700 | 251,194,962 | ||||||
The Clorox Co. (a) | 2,794,528 | 259,220,417 | ||||||
The Procter & Gamble Co. | 2,749,566 | 223,842,168 | ||||||
899,254,367 | ||||||||
INDUSTRIAL CONGLOMERATES — 2.1% | ||||||||
3M Co. | 1,194,557 | 167,536,619 | ||||||
Carlisle Cos., Inc. | 1,196,921 | 95,035,528 | ||||||
262,572,147 | ||||||||
INSURANCE — 4.9% | ||||||||
Aflac, Inc. | 2,374,521 | 158,618,003 | ||||||
Cincinnati Financial Corp. (a) | 3,671,156 | 192,258,440 | ||||||
Old Republic International Corp. | 7,073,808 | 122,164,664 | ||||||
The Chubb Corp. | 1,482,711 | 143,274,364 | ||||||
616,315,471 | ||||||||
IT SERVICES — 1.4% | ||||||||
Automatic Data Processing, Inc. | 2,247,703 | 181,636,879 | ||||||
MACHINERY — 5.3% | ||||||||
CLARCOR, Inc. (a) | 997,348 | 64,179,344 | ||||||
Dover Corp. | 1,253,020 | 120,966,551 | ||||||
Illinois Tool Works, Inc. | 1,941,154 | 163,212,228 | ||||||
Nordson Corp. | 906,189 | 67,329,843 | ||||||
Pentair, Ltd. | 1,572,505 | 122,136,463 | ||||||
Stanley Black & Decker, Inc. | 1,639,703 | 132,307,635 | ||||||
670,132,064 | ||||||||
MATERIALS — 0.9% | ||||||||
PPG Industries, Inc. | 593,828 | 112,625,418 | ||||||
MEDIA — 1.1% | ||||||||
McGraw Hill Financial, Inc. | 1,706,184 | 133,423,589 | ||||||
METALS & MINING — 1.8% | ||||||||
Nucor Corp. (a) | 4,155,022 | 221,795,074 | ||||||
MULTI-UTILITIES — 3.7% | ||||||||
Consolidated Edison, Inc. (a) | 5,376,135 | 297,192,743 |
See accompanying notes to financial statements.
244
SPDR S&P Dividend ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
MDU Resources Group, Inc. | 3,359,572 | $ | 102,634,924 | |||||
Vectren Corp. | 1,973,760 | 70,068,480 | ||||||
469,896,147 | ||||||||
MULTILINE RETAIL — 2.2% | ||||||||
Family Dollar Stores, Inc. | 1,404,407 | 91,244,323 | ||||||
Target Corp. | 2,883,340 | 182,428,922 | ||||||
273,673,245 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 4.1% | ||||||||
Chevron Corp. | 1,896,801 | 236,929,413 | ||||||
Energen Corp. | 640,592 | 45,321,884 | ||||||
Exxon Mobil Corp. | 2,283,672 | 231,107,606 | ||||||
513,358,903 | ||||||||
PHARMACEUTICALS — 3.9% | ||||||||
AbbVie, Inc. | 5,312,271 | 280,541,031 | ||||||
Johnson & Johnson | 2,308,076 | 211,396,681 | ||||||
491,937,712 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 6.1% | ||||||||
Federal Realty Investment Trust | 1,997,310 | 202,547,207 | ||||||
HCP, Inc. | 8,369,452 | 303,978,497 | ||||||
National Retail Properties, Inc. (a)(b) | 8,657,349 | 262,577,395 | ||||||
769,103,099 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.6% | ||||||||
Linear Technology Corp. (a) | 4,481,484 | 204,131,596 | ||||||
SPECIALTY RETAIL — 0.8% | ||||||||
Lowe’s Cos., Inc. | 2,100,912 | 104,100,190 | ||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.2% | ||||||||
V.F. Corp. | 2,417,536 | 150,709,194 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.8% | ||||||||
W.W. Grainger, Inc. | 373,682 | 95,445,856 | ||||||
WATER UTILITIES — 1.0% | ||||||||
Aqua America, Inc. (a) | 5,398,933 | 127,360,829 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.8% | ||||||||
Telephone & Data Systems, Inc. | 3,715,008 | 95,772,906 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $9,535,633,237) | 12,519,394,959 | |||||||
SHORT TERM INVESTMENTS — 3.8% | ||||||||
MONEY MARKET FUNDS — 3.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 463,403,973 | 463,403,973 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 13,289,862 | 13,289,862 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $476,693,835) | 476,693,835 | |||||||
TOTAL INVESTMENTS — 103.5% (f) | ||||||||
(Cost $10,012,327,072) | 12,996,088,794 | |||||||
OTHER ASSETS & LIABILITIES — (3.5)% | (442,440,358 | ) | ||||||
NET ASSETS — 100.0% | $ | 12,553,648,436 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
245
SPDR S&P Aerospace & Defense ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AEROSPACE & DEFENSE — 99.7% | ||||||||
AAR Corp. (a) | 19,009 | $ | 532,442 | |||||
Aerovironment, Inc. (a)(b) | 10,604 | 308,894 | ||||||
Alliant Techsystems, Inc. (a) | 10,772 | 1,310,737 | ||||||
American Science & Engineering, Inc. (a) | 1,502 | 108,009 | ||||||
Astronics Corp. (b) | 4,368 | 222,768 | ||||||
BE Aerospace, Inc. (a)(b) | 15,261 | 1,328,165 | ||||||
Cubic Corp. (a) | 6,402 | 337,129 | ||||||
Curtiss-Wright Corp. (a) | 12,484 | 776,879 | ||||||
DigitalGlobe, Inc. (a)(b) | 31,165 | 1,282,440 | ||||||
Engility Holdings, Inc. (a)(b) | 5,654 | 188,844 | ||||||
Esterline Technologies Corp. (a)(b) | 8,805 | 897,758 | ||||||
Exelis, Inc. (a) | 71,225 | 1,357,548 | ||||||
GenCorp, Inc. (a)(b) | 36,892 | 664,794 | ||||||
General Dynamics Corp. | 14,433 | 1,379,073 | ||||||
HEICO Corp. (a) | 11,243 | 651,532 | ||||||
Hexcel Corp. (b) | 28,984 | 1,295,295 | ||||||
Honeywell International, Inc. (a) | 15,041 | 1,374,296 | ||||||
Huntington Ingalls Industries, Inc. | 16,010 | 1,441,060 | ||||||
L-3 Communications Holdings, Inc. (a) | 12,743 | 1,361,717 | ||||||
Lockheed Martin Corp. (a) | 9,370 | 1,392,944 | ||||||
National Presto Industries, Inc. (a) | 973 | 78,326 | ||||||
Northrop Grumman Corp. (a) | 11,960 | 1,370,736 | ||||||
Orbital Sciences Corp. (b) | 20,530 | 478,349 | ||||||
Precision Castparts Corp. | 5,147 | 1,386,087 | ||||||
Raytheon Co. | 15,071 | 1,366,940 | ||||||
Rockwell Collins, Inc. (a) | 18,268 | 1,350,370 | ||||||
Spirit Aerosystems Holdings, Inc. (Class A) (a)(b) | 40,722 | 1,387,806 | ||||||
Taser International, Inc. (a)(b) | 83,937 | 1,332,920 | ||||||
Teledyne Technologies, Inc. (b) | 7,269 | 667,730 | ||||||
Textron, Inc. | 41,408 | 1,522,158 | ||||||
The Boeing Co. | 9,734 | 1,328,594 | ||||||
TransDigm Group, Inc. (a) | 8,335 | 1,342,102 | ||||||
Triumph Group, Inc. | 18,025 | 1,371,162 | ||||||
United Technologies Corp. | 12,135 | 1,380,963 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $24,743,497) | 34,576,567 | |||||||
SHORT TERM INVESTMENTS — 16.2% | ||||||||
MONEY MARKET FUNDS — 16.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 5,524,005 | 5,524,005 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 87,527 | 87,527 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $5,611,532) | 5,611,532 | |||||||
TOTAL INVESTMENTS — 115.9% (f) | ||||||||
(Cost $30,355,029) | 40,188,099 | |||||||
OTHER ASSETS & LIABILITIES — (15.9)% | (5,513,955 | ) | ||||||
NET ASSETS — 100.0% | $ | 34,674,144 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
246
SPDR S&P Biotech ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
BIOTECHNOLOGY — 99.9% | ||||||||
ACADIA Pharmaceuticals, Inc. (a)(b) | 634,337 | $ | 15,852,082 | |||||
Achillion Pharmaceuticals, Inc. (a)(b) | 4,665,249 | 15,488,627 | ||||||
Acorda Therapeutics, Inc. (a) | 490,466 | 14,321,607 | ||||||
Aegerion Pharmaceuticals, Inc. (a) | 220,597 | 15,653,563 | ||||||
Alexion Pharmaceuticals, Inc. (a) | 118,062 | 15,709,330 | ||||||
Alkermes PLC (a) | 369,643 | 15,029,684 | ||||||
Alnylam Pharmaceuticals, Inc. (a) | 245,718 | 15,807,039 | ||||||
AMAG Pharmaceuticals, Inc. (a) | 237,598 | 5,766,503 | ||||||
Amgen, Inc. | 130,239 | 14,868,084 | ||||||
Anacor Pharmaceuticals, Inc. (a)(b) | 442,446 | 7,424,244 | ||||||
Arena Pharmaceuticals, Inc. (a)(b) | 2,626,313 | 15,363,931 | ||||||
ARIAD Pharmaceuticals, Inc. (a)(b) | 3,659,661 | 24,958,888 | ||||||
Array BioPharma, Inc. (a)(b) | 2,920,441 | 14,631,409 | ||||||
Biogen Idec, Inc. (a) | 52,988 | 14,823,393 | ||||||
BioMarin Pharmaceutical, Inc. (a) | 210,045 | 14,759,862 | ||||||
Celgene Corp. (a) | 88,519 | 14,956,170 | ||||||
Celldex Therapeutics, Inc. (a)(b) | 648,452 | 15,699,023 | ||||||
Cepheid, Inc. (a)(b) | 330,382 | 15,435,447 | ||||||
Clovis Oncology, Inc. (a) | 277,252 | 16,709,978 | ||||||
Cubist Pharmaceuticals, Inc. (a) | 232,603 | 16,019,369 | ||||||
Dendreon Corp. (a)(b) | 4,404,856 | 13,170,519 | ||||||
Dynavax Technologies Corp. (a)(b) | 5,254,842 | 10,299,490 | ||||||
Emergent Biosolutions, Inc. (a) | 208,930 | 4,803,301 | ||||||
Exact Sciences Corp. (a)(b) | 1,202,839 | 14,061,188 | ||||||
Exelixis, Inc. (a)(b) | 2,508,934 | 15,379,765 | ||||||
Galena Biopharma, Inc. (a)(b) | 3,527,100 | 17,494,416 | ||||||
Genomic Health, Inc. (a)(b) | 306,858 | 8,981,734 | ||||||
Geron Corp. (a)(b) | 3,061,250 | 14,510,325 | ||||||
Gilead Sciences, Inc. (a) | 204,527 | 15,370,204 | ||||||
Halozyme Therapeutics, Inc. (a)(b) | 1,114,678 | 16,709,023 | ||||||
Idenix Pharmaceuticals, Inc. (a)(b) | 2,343,060 | 14,011,499 | ||||||
ImmunoGen, Inc. (a)(b) | 1,016,894 | 14,917,835 | ||||||
Incyte Corp. (a) | 298,673 | 15,121,814 | ||||||
Infinity Pharmaceuticals, Inc. (a)(b) | 1,126,672 | 15,559,340 | ||||||
Inovio Pharmaceuticals, Inc. (a)(b) | 7,374,868 | 21,387,117 | ||||||
Insmed, Inc. (a)(b) | 926,563 | 15,760,837 | ||||||
Intercept Pharmaceuticals, Inc. (a)(b) | 232,112 | 15,848,607 | ||||||
InterMune, Inc. (a)(b) | 1,048,260 | 15,440,870 | ||||||
Ironwood Pharmaceuticals, Inc. (a)(b) | 1,373,664 | 15,948,239 | ||||||
Isis Pharmaceuticals, Inc. (a)(b) | 393,138 | 15,662,618 | ||||||
Keryx Biopharmaceuticals, Inc. (a)(b) | 1,199,877 | 15,538,407 | ||||||
KYTHERA Biopharmaceuticals, Inc. (a)(b) | 370,818 | 13,812,971 | ||||||
Lexicon Pharmaceuticals, Inc. (a)(b) | 3,131,262 | 5,636,272 | ||||||
Ligand Pharmaceuticals, Inc. (Class B) (a)(b) | 278,450 | 14,646,470 | ||||||
MannKind Corp. (a)(b) | 2,932,188 | 15,276,699 | ||||||
Medivation, Inc. (a) | 231,306 | 14,761,949 | ||||||
Momenta Pharmaceuticals, Inc. (a) | 638,882 | 11,295,434 | ||||||
Myriad Genetics, Inc. (a)(b) | 610,256 | 12,803,171 | ||||||
Neurocrine Biosciences, Inc. (a)(b) | 1,573,549 | 14,696,948 | ||||||
Novavax, Inc. (a) | 3,773,192 | 19,318,743 | ||||||
NPS Pharmaceuticals, Inc. (a) | 591,397 | 17,954,813 | ||||||
Opko Health, Inc. (a)(b) | 1,627,906 | 13,739,527 | ||||||
Orexigen Therapeutics, Inc. (a) | 2,616,866 | 14,732,956 | ||||||
Organovo Holdings, Inc. (a)(b) | 1,563,408 | 17,306,927 | ||||||
Pharmacyclics, Inc. (a) | 135,347 | 14,317,006 | ||||||
Puma Biotechnology, Inc. (a) | 167,982 | 17,391,176 | ||||||
Raptor Pharmaceutical Corp. (a)(b) | 1,074,470 | 13,989,599 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 54,211 | 14,921,036 | ||||||
Repligen Corp. (a) | 599,680 | 8,179,635 | ||||||
Sangamo Biosciences, Inc. (a)(b) | 1,197,830 | 16,637,859 | ||||||
Sarepta Therapeutics, Inc. (a)(b) | 740,076 | 15,075,348 | ||||||
Seattle Genetics, Inc. (a)(b) | 363,110 | 14,484,458 | ||||||
Spectrum Pharmaceuticals, Inc. (a)(b) | 1,421,819 | 12,583,098 | ||||||
Synageva BioPharma Corp. (a)(b) | 225,121 | 14,569,831 | ||||||
TESARO, Inc. (a)(b) | 370,789 | 10,471,081 | ||||||
Theravance, Inc. (a)(b) | 409,889 | 14,612,543 | ||||||
United Therapeutics Corp. (a)(b) | 165,604 | 18,726,500 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 224,072 | 16,648,550 | ||||||
ZIOPHARM Oncology, Inc. (a)(b) | 2,224,183 | 9,652,954 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $956,492,341) | 1,003,498,935 | |||||||
SHORT TERM INVESTMENTS — 24.6% | ||||||||
MONEY MARKET FUNDS — 24.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 246,847,243 | 246,847,243 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 545,641 | 545,641 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $247,392,884) | 247,392,884 | |||||||
TOTAL INVESTMENTS — 124.5% (f) | ||||||||
(Cost $1,203,885,225) | 1,250,891,819 | |||||||
OTHER ASSETS & LIABILITIES — (24.5)% | (246,514,978 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,004,376,841 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
247
SPDR S&P Health Care Equipment ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 100.0% | ||||||||
HEALTH CARE EQUIPMENT — 79.6% | ||||||||
Abaxis, Inc. (a)(b) | 9,332 | $ | 373,467 | |||||
Abbott Laboratories | 13,612 | 521,748 | ||||||
ABIOMED, Inc. (a)(b) | 18,557 | 496,214 | ||||||
Accuray, Inc. (a)(b) | 46,167 | 402,115 | ||||||
Analogic Corp. (b) | 3,138 | 277,901 | ||||||
ArthroCare Corp. (a)(b) | 5,271 | 212,105 | ||||||
Baxter International, Inc. | 7,464 | 519,121 | ||||||
Becton, Dickinson and Co. (b) | 4,691 | 518,309 | ||||||
Boston Scientific Corp. (a) | 43,501 | 522,882 | ||||||
C.R. Bard, Inc. (b) | 3,702 | 495,846 | ||||||
Cantel Medical Corp. (b) | 5,242 | 177,756 | ||||||
Cardiovascular Systems, Inc. (a) | 9,195 | 315,296 | ||||||
CareFusion Corp. (a) | 12,800 | 509,696 | ||||||
CONMED Corp. (b) | 4,786 | 203,405 | ||||||
Covidien PLC (b) | 7,529 | 512,725 | ||||||
Cyberonics, Inc. (a)(b) | 7,590 | 497,221 | ||||||
Cynosure, Inc. (Class A) (a)(b) | 14,404 | 384,299 | ||||||
DexCom, Inc. (a)(b) | 14,362 | 508,558 | ||||||
Edwards Lifesciences Corp. (a)(b) | 8,064 | 530,289 | ||||||
GenMark Diagnostics, Inc. (a)(b) | 14,386 | 191,478 | ||||||
Globus Medical, Inc. (Class A) (a) | 26,160 | 527,909 | ||||||
Greatbatch, Inc. (a) | 4,881 | 215,935 | ||||||
HeartWare International, Inc. (a)(b) | 5,438 | 510,954 | ||||||
Hill-Rom Holdings, Inc. (b) | 12,313 | 509,019 | ||||||
Hologic, Inc. (a)(b) | 22,511 | 503,121 | ||||||
IDEXX Laboratories, Inc. (a)(b) | 4,837 | 514,512 | ||||||
Insulet Corp. (a)(b) | 13,582 | 503,892 | ||||||
Integra LifeSciences Holdings Corp. (a)(b) | 10,037 | 478,865 | ||||||
Intuitive Surgical, Inc. (a)(b) | 1,365 | 524,269 | ||||||
Invacare Corp. (b) | 8,427 | 195,591 | ||||||
Masimo Corp. (a)(b) | 12,786 | 373,735 | ||||||
Medtronic, Inc. | 8,865 | 508,762 | ||||||
Natus Medical, Inc. (a) | 10,006 | 225,135 | ||||||
NuVasive, Inc. (a)(b) | 15,591 | 504,057 | ||||||
NxStage Medical, Inc. (a)(b) | 25,782 | 257,820 | ||||||
Orthofix International NV (a) | 9,513 | 217,087 | ||||||
Quidel Corp. (a)(b) | 7,461 | 230,470 | ||||||
ResMed, Inc. (b) | 10,665 | 502,108 | ||||||
Rockwell Medical, Inc. (a) | 37,198 | 388,347 | ||||||
Sirona Dental Systems, Inc. (a)(b) | 7,295 | 512,109 | ||||||
St. Jude Medical, Inc. (b) | 8,544 | 529,301 | ||||||
STERIS Corp. | 10,872 | 522,400 | ||||||
Stryker Corp. (b) | 6,924 | 520,269 | ||||||
Teleflex, Inc. (b) | 5,250 | 492,765 | ||||||
Thoratec Corp. (a) | 13,756 | 503,470 | ||||||
Tornier NV (a) | 16,086 | 302,256 | ||||||
Varian Medical Systems, Inc. (a)(b) | 6,480 | 503,431 | ||||||
Volcano Corp. (a)(b) | 23,273 | 508,515 | ||||||
Wright Medical Group, Inc. (a)(b) | 16,928 | 519,859 | ||||||
Zimmer Holdings, Inc. | �� | 5,474 | 510,122 | |||||
21,286,516 | ||||||||
HEALTH CARE SUPPLIES — 20.4% | ||||||||
Alere, Inc. (a)(b) | 14,447 | 522,981 | ||||||
Align Technology, Inc. (a) | 9,127 | 521,608 | ||||||
Antares Pharma, Inc. (a)(b) | 96,740 | 433,395 | ||||||
DENTSPLY International, Inc. | 10,357 | 502,107 | ||||||
Endologix, Inc. (a)(b) | 19,195 | 334,761 | ||||||
Haemonetics Corp. (a)(b) | 11,451 | 482,431 | ||||||
ICU Medical, Inc. (a)(b) | 7,456 | 475,022 | ||||||
Meridian Bioscience, Inc. (b) | 6,905 | 183,190 | ||||||
Merit Medical Systems, Inc. (a)(b) | 10,253 | 161,382 | ||||||
Neogen Corp. (a)(b) | 5,212 | 238,188 | ||||||
Spectranetics Corp. (a)(b) | 11,530 | 288,250 | ||||||
The Cooper Cos., Inc. | 4,081 | 505,391 | ||||||
Unilife Corp. (a)(b) | 62,682 | 275,801 | ||||||
West Pharmaceutical Services, Inc. (b) | 10,394 | 509,930 | ||||||
5,434,437 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $20,962,936) | 26,720,953 | |||||||
SHORT TERM INVESTMENTS — 24.4% | ||||||||
MONEY MARKET FUNDS — 24.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 6,521,310 | 6,521,310 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 7,379 | 7,379 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $6,528,689) | 6,528,689 | |||||||
TOTAL INVESTMENTS — 124.4% (f) | ||||||||
(Cost $27,491,625) | 33,249,642 | |||||||
OTHER ASSETS & LIABILITIES — (24.4)% | (6,514,757 | ) | ||||||
NET ASSETS — 100.0% | $ | 26,734,885 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
248
SPDR S&P Health Care Services ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
HEALTH CARE DISTRIBUTORS — 15.8% | ||||||||
AmerisourceBergen Corp. (a) | 20,149 | $ | 1,416,676 | |||||
Cardinal Health, Inc. | 20,999 | 1,402,943 | ||||||
Henry Schein, Inc. (a)(b) | 12,306 | 1,406,084 | ||||||
McKesson Corp. | 8,763 | 1,414,348 | ||||||
MWI Veterinary Supply, Inc. (a)(b) | 5,938 | 1,012,963 | ||||||
Owens & Minor, Inc. (a) | 38,796 | 1,418,382 | ||||||
Patterson Cos., Inc. (a) | 34,189 | 1,408,587 | ||||||
PharMerica Corp. (a)(b) | 23,986 | 515,699 | ||||||
9,995,682 | ||||||||
HEALTH CARE FACILITIES — 29.5% | ||||||||
Acadia Healthcare Co., Inc. (a)(b) | 24,902 | 1,178,612 | ||||||
AmSurg Corp. (a)(b) | 12,120 | 556,550 | ||||||
Brookdale Senior Living, Inc. (b) | 51,329 | 1,395,122 | ||||||
Capital Senior Living Corp. (a)(b) | 26,680 | 640,053 | ||||||
Community Health Systems, Inc. (a)(b) | 35,085 | 1,377,788 | ||||||
Emeritus Corp. (a)(b) | 43,171 | 933,789 | ||||||
Hanger, Inc. (a)(b) | 19,488 | 766,658 | ||||||
HCA Holdings, Inc. (b) | 29,451 | 1,405,107 | ||||||
Health Management Associates, Inc. (Class A) (a)(b) | 106,420 | 1,394,102 | ||||||
HealthSouth Corp. (a) | 39,249 | 1,307,777 | ||||||
Kindred Healthcare, Inc. (a) | 48,118 | 949,849 | ||||||
LifePoint Hospitals, Inc. (b) | 27,203 | 1,437,407 | ||||||
Select Medical Holdings Corp. (a) | 68,037 | 789,910 | ||||||
Tenet Healthcare Corp. (a)(b) | 34,189 | 1,440,041 | ||||||
The Ensign Group, Inc. (a) | 7,527 | 333,220 | ||||||
Universal Health Services, Inc. (Class B) | 16,958 | 1,378,007 | ||||||
VCA Antech, Inc. (b) | 46,004 | 1,442,685 | ||||||
18,726,677 | ||||||||
HEALTH CARE SERVICES — 32.2% | ||||||||
Accretive Health, Inc. (a)(b) | 57,661 | 528,175 | ||||||
Air Methods Corp. (a)(b) | 25,122 | 1,465,366 | ||||||
Amedisys, Inc. (a)(b) | 66,125 | 967,409 | ||||||
AMN Healthcare Services, Inc. (b) | 39,946 | 587,206 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 40,820 | 1,042,543 | ||||||
BioScrip, Inc. (a)(b) | 211,210 | 1,562,954 | ||||||
Chemed Corp. (a) | 18,510 | 1,418,236 | ||||||
DaVita HealthCare Partners, Inc. (b) | 22,872 | 1,449,399 | ||||||
ExamWorks Group, Inc. (a)(b) | 25,200 | 752,724 | ||||||
Express Scripts Holding Co. (b) | 20,703 | 1,454,179 | ||||||
Healthways, Inc. (a)(b) | 100,966 | 1,549,828 | ||||||
IPC The Hospitalist Co. (a)(b) | 9,121 | 541,696 | ||||||
Laboratory Corp. of America Holdings (a)(b) | 15,474 | 1,413,860 | ||||||
Landauer, Inc. (a) | 3,721 | 195,762 | ||||||
MEDNAX, Inc. (a)(b) | 25,529 | 1,362,738 | ||||||
Omnicare, Inc. (a) | 23,262 | 1,404,094 | ||||||
Quest Diagnostics, Inc. (a) | 25,447 | 1,362,432 | ||||||
Team Health Holdings, Inc. (b) | 29,866 | 1,360,396 | ||||||
20,418,997 | ||||||||
MANAGED HEALTH CARE — 22.3% | ||||||||
Aetna, Inc. | 21,212 | 1,454,931 | ||||||
Centene Corp. (a)(b) | 23,953 | 1,412,029 | ||||||
CIGNA Corp. | 16,567 | 1,449,281 | ||||||
Health Net, Inc. (a)(b) | 48,410 | 1,436,325 | ||||||
Humana, Inc. (a) | 13,804 | 1,424,849 | ||||||
Magellan Health Services, Inc. (b) | 19,896 | 1,191,969 | ||||||
Molina Healthcare, Inc. (a)(b) | 41,182 | 1,431,074 | ||||||
UnitedHealth Group, Inc. | 19,569 | 1,473,546 | ||||||
WellCare Health Plans, Inc. (a)(b) | 20,181 | 1,421,146 | ||||||
WellPoint, Inc. (a) | 15,717 | 1,452,094 | ||||||
14,147,244 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $53,391,940) | 63,288,600 | |||||||
SHORT TERM INVESTMENTS — 28.7% | ||||||||
MONEY MARKET FUNDS — 28.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 18,095,308 | 18,095,308 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 101,731 | 101,731 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $18,197,039) | 18,197,039 | |||||||
TOTAL INVESTMENTS — 128.5% (f) | ||||||||
(Cost $71,588,979) | 81,485,639 | |||||||
OTHER ASSETS & LIABILITIES — (28.5)% | (18,086,443 | ) | ||||||
NET ASSETS — 100.0% | $ | 63,399,196 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
249
SPDR S&P Homebuilders ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
BUILDING PRODUCTS — 27.9% | ||||||||
A.O. Smith Corp. | 1,108,460 | $ | 59,790,332 | |||||
Allegion PLC (a) | 1,345,442 | 59,455,082 | ||||||
Armstrong World Industries, Inc. (a) | 1,063,847 | 61,288,226 | ||||||
Fortune Brands Home & Security, Inc. | 1,368,912 | 62,559,278 | ||||||
Lennox International, Inc. | 722,208 | 61,431,013 | ||||||
Masco Corp. | 2,734,439 | 62,263,176 | ||||||
Owens Corning (a) | 1,505,898 | 61,320,167 | ||||||
Simpson Manufacturing Co., Inc. (b) | 614,441 | 22,568,418 | ||||||
Trex Co., Inc. (a) | 618,080 | 49,155,902 | ||||||
USG Corp. (a) | 2,262,452 | 64,208,388 | ||||||
564,039,982 | ||||||||
HOME FURNISHINGS — 8.0% | ||||||||
La-Z-Boy, Inc. | 1,172,668 | 36,352,708 | ||||||
Leggett & Platt, Inc. (b) | 1,996,259 | 61,764,253 | ||||||
Tempur Sealy International, Inc. (a)(b) | 1,168,033 | 63,027,061 | ||||||
161,144,022 | ||||||||
HOME FURNISHING RETAIL — 18.0% | ||||||||
Aaron’s, Inc. (b) | 2,028,934 | 59,650,660 | ||||||
Bed Bath & Beyond, Inc. (a) | 760,500 | 61,068,150 | ||||||
Pier 1 Imports, Inc. | 2,788,192 | 64,351,471 | ||||||
Restoration Hardware Holdings, Inc. (a) | 891,821 | 60,019,553 | ||||||
Select Comfort Corp. (a)(b)(c) | 2,912,432 | 61,423,191 | ||||||
Williams-Sonoma, Inc. | 999,459 | 58,248,471 | ||||||
364,761,496 | ||||||||
HOME IMPROVEMENT RETAIL — 9.3% | ||||||||
Lowe’s Cos., Inc. | 1,235,250 | 61,206,637 | ||||||
Lumber Liquidators Holdings, Inc. (a)(b) | 650,290 | 66,908,338 | ||||||
The Home Depot, Inc. | 736,538 | 60,646,539 | ||||||
188,761,514 | ||||||||
HOMEBUILDING — 29.5% | ||||||||
D.R. Horton, Inc. (a)(b) | 3,069,115 | 68,502,647 | ||||||
Lennar Corp. (Class A) | 1,662,584 | 65,771,823 | ||||||
M.D.C. Holdings, Inc. (a)(b) | 2,018,324 | 65,070,766 | ||||||
M/I Homes, Inc. (a) | 967,549 | 24,624,122 | ||||||
NVR, Inc. (a) | 61,349 | 62,944,687 | ||||||
Pulte Group, Inc. | 3,227,375 | 65,741,629 | ||||||
Standard Pacific Corp. (a)(b) | 7,228,620 | 65,419,011 | ||||||
Taylor Morrison Home Corp. (Class A) (a)(c) | 2,028,718 | 45,544,719 | ||||||
The Ryland Group, Inc. (b) | 1,512,939 | 65,676,682 | ||||||
Toll Brothers, Inc. (a) | 1,785,524 | 66,064,388 | ||||||
595,360,474 | ||||||||
HOUSEHOLD APPLIANCES — 4.1% | ||||||||
Helen of Troy, Ltd. (a) | 428,158 | 21,198,103 | ||||||
Whirlpool Corp. | 390,918 | 61,319,397 | ||||||
82,517,500 | ||||||||
HOUSEHOLD DURABLES — 3.1% | ||||||||
Mohawk Industries, Inc. (a) | 416,769 | 62,056,904 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,874,459,532) | 2,018,641,892 | |||||||
SHORT TERM INVESTMENTS — 5.0% | ||||||||
MONEY MARKET FUNDS — 5.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 98,680,817 | 98,680,817 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 2,340,801 | 2,340,801 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $101,021,618) | 101,021,618 | |||||||
TOTAL INVESTMENTS — 104.9% (g) | ||||||||
(Cost $1,975,481,150) | 2,119,663,510 | |||||||
OTHER ASSETS & LIABILITIES — (4.9)% | (98,227,371 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,021,436,139 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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
See accompanying notes to financial statements.
250
SPDR S&P Metals & Mining ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
ALUMINUM — 7.9% | ||||||||
Alcoa, Inc. (a) | 1,852,957 | $ | 19,696,933 | |||||
Century Aluminum Co. (b) | 860,635 | 9,002,242 | ||||||
Kaiser Aluminum Corp. | 260,886 | 18,324,633 | ||||||
47,023,808 | ||||||||
COAL & CONSUMABLE FUELS — 16.7% | ||||||||
Alpha Natural Resources, Inc. (a)(b) | 2,788,212 | 19,907,834 | ||||||
Arch Coal, Inc. (a) | 4,246,137 | 18,895,310 | ||||||
Cloud Peak Energy, Inc. (b) | 749,412 | 13,489,416 | ||||||
CONSOL Energy, Inc. | 473,927 | 18,028,183 | ||||||
Peabody Energy Corp. | 957,178 | 18,693,686 | ||||||
Solazyme, Inc. (a)(b) | 972,313 | 10,588,488 | ||||||
99,602,917 | ||||||||
DIVERSIFIED METALS & MINING — 22.2% | ||||||||
AMCOL International Corp. | 106,275 | 3,611,225 | ||||||
Compass Minerals International, Inc. | 181,220 | 14,506,661 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 513,153 | 19,366,394 | ||||||
Globe Specialty Metals, Inc. | 494,110 | 8,898,921 | ||||||
Horsehead Holding Corp. (a)(b) | 426,858 | 6,919,368 | ||||||
Materion Corp. | 97,506 | 3,008,060 | ||||||
Molycorp, Inc. (a)(b) | 3,855,873 | 21,670,006 | ||||||
RTI International Metals, Inc. (b) | 169,824 | 5,809,679 | ||||||
SunCoke Energy, Inc. (b) | 418,408 | 9,543,887 | ||||||
US Silica Holdings, Inc. | 545,685 | 18,613,315 | ||||||
Walter Energy, Inc. (a) | 1,222,865 | 20,336,245 | ||||||
132,283,761 | ||||||||
GOLD — 9.1% | ||||||||
Allied Nevada Gold Corp. (a)(b)(c) | 5,323,788 | 18,899,447 | ||||||
Newmont Mining Corp. | 756,951 | 17,432,582 | ||||||
Royal Gold, Inc. (a) | 388,801 | 17,912,062 | ||||||
54,244,091 | ||||||||
PRECIOUS METALS & MINERALS — 10.6% | ||||||||
Coeur Mines, Inc. (b) | 1,691,101 | 18,348,446 | ||||||
Hecla Mining Co. (a) | 6,352,956 | 19,567,105 | ||||||
McEwen Mining, Inc. (a)(b) | 4,353,824 | 8,533,495 | ||||||
Stillwater Mining Co. (b) | 1,360,107 | 16,783,720 | ||||||
63,232,766 | ||||||||
STEEL — 33.3% | ||||||||
AK Steel Holding Corp. (a)(b) | 2,956,631 | 24,244,374 | ||||||
Allegheny Technologies, Inc. | 537,770 | 19,160,745 | ||||||
Carpenter Technology Corp. | 292,746 | 18,208,801 | ||||||
Cliffs Natural Resources, Inc. (a) | 749,536 | 19,645,339 | ||||||
Commercial Metals Co. | 870,544 | 17,698,160 | ||||||
Haynes International, Inc. | 42,308 | 2,337,094 | ||||||
Nucor Corp. | 341,579 | 18,233,487 | ||||||
Reliance Steel & Aluminum Co. | 243,611 | 18,475,458 | ||||||
Schnitzer Steel Industries, Inc. (Class A) (a) | 254,861 | 8,326,309 | ||||||
Steel Dynamics, Inc. | 938,320 | 18,334,773 | ||||||
United States Steel Corp. (a) | 645,281 | 19,035,789 | ||||||
Worthington Industries, Inc. | 341,201 | 14,357,738 | ||||||
198,058,067 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $823,783,654) | 594,445,410 | |||||||
SHORT TERM INVESTMENTS — 16.1% | ||||||||
MONEY MARKET FUNDS — 16.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 95,142,407 | 95,142,407 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 496,810 | 496,810 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $95,639,217) | 95,639,217 | |||||||
TOTAL INVESTMENTS — 115.9% (g) | ||||||||
(Cost $919,422,871) | 690,084,627 | |||||||
OTHER ASSETS & LIABILITIES — (15.9)% | (94,787,158 | ) | ||||||
NET ASSETS — 100.0% | $ | 595,297,469 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
251
SPDR S&P Oil & Gas Equipment & Services ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
OIL & GAS DRILLING — 28.3% | ||||||||
Atwood Oceanics, Inc. (a) | 141,770 | $ | 7,569,100 | |||||
Diamond Offshore Drilling, Inc. (b) | 128,907 | 7,337,387 | ||||||
Ensco PLC (Class A) | 125,699 | 7,187,469 | ||||||
Helmerich & Payne, Inc. | 91,055 | 7,655,904 | ||||||
Hercules Offshore, Inc. (a) | 1,221,578 | 7,976,904 | ||||||
Nabors Industries, Ltd. | 460,779 | 7,828,635 | ||||||
Noble Corp. PLC | 198,211 | 7,426,966 | ||||||
Parker Drilling Co. (a) | 398,383 | 3,238,854 | ||||||
Patterson-UTI Energy, Inc. | 305,027 | 7,723,284 | ||||||
Pioneer Energy Services Corp. (a) | 254,762 | 2,040,644 | ||||||
Rowan Cos. PLC (a) | 215,292 | 7,612,725 | ||||||
Transocean, Ltd. (b) | 150,239 | 7,424,811 | ||||||
Unit Corp. (a) | 145,007 | 7,485,261 | ||||||
88,507,944 | ||||||||
OIL & GAS EQUIPMENT & SERVICES — 71.5% | ||||||||
Baker Hughes, Inc. | 137,429 | 7,594,327 | ||||||
Basic Energy Services, Inc. (a)(b) | 458,481 | 7,234,830 | ||||||
Bristow Group, Inc. | 95,720 | 7,184,743 | ||||||
C&J Energy Services, Inc. (a)(b) | 256,568 | 5,926,721 | ||||||
Cameron International Corp. (a) | 129,104 | 7,685,561 | ||||||
CARBO Ceramics, Inc. | 61,405 | 7,155,525 | ||||||
Core Laboratories NV | 38,234 | 7,300,782 | ||||||
Dresser-Rand Group, Inc. (a) | 126,088 | 7,518,627 | ||||||
Dril-Quip, Inc. (a) | 67,335 | 7,402,137 | ||||||
Era Group, Inc. (a) | 53,350 | 1,646,381 | ||||||
Exterran Holdings, Inc. (a) | 231,406 | 7,914,085 | ||||||
FMC Technologies, Inc. (a) | 140,542 | 7,337,698 | ||||||
Forum Energy Technologies, Inc. (a) | 235,587 | 6,657,689 | ||||||
Geospace Technologies Corp. (a)(b) | 82,180 | 7,793,129 | ||||||
Gulfmark Offshore, Inc. (Class A) | 100,234 | 4,724,028 | ||||||
Halliburton Co. | 146,622 | 7,441,066 | ||||||
Helix Energy Solutions Group, Inc. (a) | 309,738 | 7,179,727 | ||||||
Hornbeck Offshore Services, Inc. (a) | 149,950 | 7,382,039 | ||||||
ION Geophysical Corp. (a)(b) | 1,422,911 | 4,695,606 | ||||||
Key Energy Services, Inc. (a) | 969,760 | 7,661,104 | ||||||
Matrix Service Co. (a) | 66,668 | 1,631,366 | ||||||
McDermott International, Inc. (a)(b) | 902,126 | 8,263,474 | ||||||
National Oilwell Varco, Inc. | 92,022 | 7,318,510 | ||||||
Newpark Resources, Inc. (a) | 492,624 | 6,054,349 | ||||||
Oceaneering International, Inc. | 94,154 | 7,426,868 | ||||||
Oil States International, Inc. (a) | 72,378 | 7,362,290 | ||||||
RPC, Inc. (b) | 301,620 | 5,383,917 | ||||||
Schlumberger, Ltd. | 83,858 | 7,556,444 | ||||||
SEACOR Holdings, Inc. (a)(b) | 80,367 | 7,329,470 | ||||||
Superior Energy Services, Inc. (a) | 289,567 | 7,705,378 | ||||||
Tesco Corp. (a) | 119,050 | 2,354,809 | ||||||
Tetra Technologies, Inc. (a) | 339,532 | 4,196,616 | ||||||
Tidewater, Inc. | 129,601 | 7,681,451 | ||||||
Weatherford International, Ltd. (a) | 492,446 | 7,627,989 | ||||||
223,328,736 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $291,212,445) | 311,836,680 | |||||||
SHORT TERM INVESTMENTS — 7.9% | ||||||||
MONEY MARKET FUNDS — 7.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 23,973,698 | 23,973,698 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 600,385 | 600,385 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $24,574,083) | 24,574,083 | |||||||
TOTAL INVESTMENTS — 107.7% (f) | ||||||||
(Cost $315,786,528) | 336,410,763 | |||||||
OTHER ASSETS & LIABILITIES — (7.7)% | (24,029,740 | ) | ||||||
NET ASSETS — 100.0% | $ | 312,381,023 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
252
SPDR S&P Oil & Gas Exploration & Production ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
INTEGRATED OIL & GAS — 7.8% | ||||||||
Chevron Corp. | 92,205 | $ | 11,517,327 | |||||
ConocoPhillips | 159,270 | 11,252,426 | ||||||
Exxon Mobil Corp. | 116,031 | 11,742,337 | ||||||
Hess Corp. | 140,163 | 11,633,529 | ||||||
Marathon Oil Corp. | 308,884 | 10,903,605 | ||||||
Occidental Petroleum Corp. | 121,395 | 11,544,664 | ||||||
68,593,888 | ||||||||
OIL & GAS EXPLORATION & PRODUCTION — 74.9% | ||||||||
Anadarko Petroleum Corp. | 141,146 | 11,195,701 | ||||||
Apache Corp. | 128,392 | 11,034,008 | ||||||
Approach Resources, Inc. (a)(b) | 571,838 | 11,030,755 | ||||||
Athlon Energy, Inc. (a) | 364,864 | 11,037,136 | ||||||
Bill Barrett Corp. (a)(b) | 422,702 | 11,319,960 | ||||||
Bonanza Creek Energy, Inc. (a) | 252,093 | 10,958,483 | ||||||
Cabot Oil & Gas Corp. | 306,124 | 11,865,366 | ||||||
Carrizo Oil & Gas, Inc. (a) | 264,418 | 11,837,994 | ||||||
Chesapeake Energy Corp. | 409,519 | 11,114,346 | ||||||
Cimarex Energy Co. | 113,415 | 11,898,368 | ||||||
Cobalt International Energy, Inc. (a) | 687,746 | 11,313,422 | ||||||
Comstock Resources, Inc. (b) | 637,017 | 11,651,041 | ||||||
Concho Resources, Inc. (a) | 110,475 | 11,931,300 | ||||||
Contango Oil & Gas Co. (a) | 104,148 | 4,922,034 | ||||||
Continental Resources, Inc. (a)(b) | 104,697 | 11,780,506 | ||||||
Denbury Resources, Inc. (a) | 692,023 | 11,369,938 | ||||||
Devon Energy Corp. | 186,700 | 11,551,129 | ||||||
Diamondback Energy, Inc. (a) | 247,225 | 13,068,314 | ||||||
Energen Corp. | 166,500 | 11,779,875 | ||||||
Energy XXI Bermuda, Ltd. (b) | 432,019 | 11,690,434 | ||||||
EOG Resources, Inc. | 69,471 | 11,660,013 | ||||||
EPL Oil & Gas, Inc. (a) | 428,491 | 12,211,994 | ||||||
EQT Corp. | 126,249 | 11,334,635 | ||||||
EXCO Resources, Inc. (b) | 2,209,701 | 11,733,512 | ||||||
Forest Oil Corp. (a) | 3,132,592 | 11,308,657 | ||||||
Goodrich Petroleum Corp. (a)(b) | 662,603 | 11,277,503 | ||||||
Gulfport Energy Corp. (a) | 197,351 | 12,462,716 | ||||||
Halcon Resources Corp. (a)(b) | 2,917,815 | 11,262,766 | ||||||
Kodiak Oil & Gas Corp. (a) | 1,060,195 | 11,884,786 | ||||||
Kosmos Energy, Ltd. (a) | 843,951 | 9,435,372 | ||||||
Laredo Petroleum Holdings, Inc. (a) | 429,723 | 11,899,030 | ||||||
Magnum Hunter Resources Corp. (a)(b) | 1,725,287 | 12,611,848 | ||||||
Matador Resources Co. (a) | 592,297 | 11,040,416 | ||||||
Murphy Oil Corp. | 175,598 | 11,392,798 | ||||||
Newfield Exploration Co. (a) | 473,423 | 11,660,409 | ||||||
Noble Energy, Inc. | 161,044 | 10,968,707 | ||||||
Northern Oil and Gas, Inc. (a)(b) | 746,221 | 11,245,550 | ||||||
Oasis Petroleum, Inc. (a) | 249,255 | 11,707,507 | ||||||
PDC Energy, Inc. (a) | 201,720 | 10,735,538 | ||||||
Penn Virginia Corp. (a) | 1,127,269 | 10,630,147 | ||||||
Pioneer Natural Resources Co. | 61,521 | 11,324,170 | ||||||
QEP Resources, Inc. | 360,332 | 11,044,176 | ||||||
Range Resources Corp. | 138,710 | 11,694,640 | ||||||
Resolute Energy Corp. (a)(b) | 1,195,349 | 10,794,001 | ||||||
Rex Energy Corp. (a) | 563,627 | 11,109,088 | ||||||
Rosetta Resources, Inc. (a) | 230,983 | 11,096,423 | ||||||
Sanchez Energy Corp. (a)(b) | 470,991 | 11,543,989 | ||||||
SandRidge Energy, Inc. (a)(b) | 2,044,117 | 12,407,790 | ||||||
SM Energy Co. | 138,695 | 11,526,941 | ||||||
Southwestern Energy Co. (a) | 286,600 | 11,271,978 | ||||||
Stone Energy Corp. (a) | 350,929 | 12,138,634 | ||||||
Swift Energy Co. (a)(b) | 893,255 | 12,058,943 | ||||||
Synergy Resources Corp. (a) | 1,116,516 | 10,338,938 | ||||||
Triangle Petroleum Corp. (a)(b) | 1,212,599 | 10,088,824 | ||||||
Ultra Petroleum Corp. (a)(b) | 523,281 | 11,329,034 | ||||||
VAALCO Energy, Inc. (a) | 747,699 | 5,151,646 | ||||||
W&T Offshore, Inc. (b) | 719,940 | 11,519,040 | ||||||
Whiting Petroleum Corp. (a) | 187,297 | 11,588,065 | ||||||
WPX Energy, Inc. (a) | 581,328 | 11,847,465 | ||||||
662,687,799 | ||||||||
OIL & GAS REFINING & MARKETING — 17.2% | ||||||||
Clean Energy Fuels Corp. (a)(b) | 901,994 | 11,617,683 | ||||||
CVR Energy, Inc. (b) | 294,347 | 12,783,490 | ||||||
Delek US Holdings, Inc. | 366,464 | 12,610,026 | ||||||
Green Plains Renewable Energy, Inc. (b) | 649,692 | 12,597,528 | ||||||
HollyFrontier Corp. | 244,036 | 12,126,149 | ||||||
Marathon Petroleum Corp. | 129,815 | 11,907,930 | ||||||
PBF Energy, Inc. (b) | 375,688 | 11,819,144 | ||||||
Phillips 66 | 154,483 | 11,915,274 | ||||||
Rentech, Inc. (a)(b) | 4,040,159 | 7,070,278 | ||||||
Tesoro Corp. | 196,449 | 11,492,267 | ||||||
Valero Energy Corp. | 239,688 | 12,080,275 | ||||||
Western Refining, Inc. (b) | 288,275 | 12,225,743 | ||||||
World Fuel Services Corp. (b) | 265,200 | 11,446,032 | ||||||
151,691,819 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,005,197,264) | 882,973,506 | |||||||
RIGHTS — 0.0% (c) | ||||||||
OIL & GAS EXPLORATION & PRODUCTION — 0.0% (c) | ||||||||
EXCO Resources, Inc. (expiring 1/9/14) (a) (Cost $0) | 1,685,546 | 269,688 | ||||||
WARRANTS — 0.0% (c) | ||||||||
OIL & GAS EXPLORATION & PRODUCTION — 0.0% (c) | ||||||||
Magnum Hunter Resources (expiring 4/15/16) (a)(b)(d) (Cost $0) | 273,091 | 0 | ||||||
SHORT TERM INVESTMENTS — 13.6% | ||||||||
MONEY MARKET FUNDS — 13.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 119,587,180 | 119,587,180 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (f)(g) | 693,423 | 693,423 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $120,280,603) | 120,280,603 | |||||||
TOTAL INVESTMENTS — 113.5% (h) | ||||||||
(Cost $1,125,477,867) | 1,003,523,797 | |||||||
OTHER ASSETS & LIABILITIES — (13.5)% | (119,411,076 | ) | ||||||
NET ASSETS — 100.0% | $ | 884,112,721 | ||||||
See accompanying notes to financial statements.
253
SPDR S&P Oil & Gas Exploration & Production ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(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. Security value is determined based on Level 2 inputs. (Note 2) | |||||
(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) |
See accompanying notes to financial statements.
254
SPDR S&P Pharmaceuticals ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
PHARMACEUTICALS — 99.9% | ||||||||
AbbVie, Inc. | 459,836 | $ | 24,283,939 | |||||
Actavis PLC (a) | 150,709 | 25,319,112 | ||||||
Akorn, Inc. (a)(b) | 901,660 | 22,207,886 | ||||||
Allergan, Inc. | 249,401 | 27,703,463 | ||||||
Auxilium Pharmaceuticals, Inc. (a)(b) | 910,303 | 18,879,684 | ||||||
AVANIR Pharmaceuticals, Inc. (Class A) (a)(b) | 6,180,721 | 20,767,223 | ||||||
Bristol-Myers Squibb Co. | 474,707 | 25,230,677 | ||||||
Cadence Pharmaceuticals, Inc. (a) | 551,000 | 4,986,550 | ||||||
DepoMed, Inc. (a) | 565,700 | 5,985,106 | ||||||
Eli Lilly & Co. | 487,642 | 24,869,742 | ||||||
Endo Health Solutions, Inc. (a) | 377,111 | 25,439,908 | ||||||
Forest Laboratories, Inc. (a) | 434,285 | 26,070,129 | ||||||
Hi-Tech Pharmacal Co., Inc. (a) | 156,112 | 6,773,700 | ||||||
Hospira, Inc. (a) | 603,861 | 24,927,382 | ||||||
Impax Laboratories, Inc. (a) | 603,150 | 15,163,191 | ||||||
Jazz Pharmaceuticals PLC (a) | 210,322 | 26,618,352 | ||||||
Johnson & Johnson | 263,612 | 24,144,223 | ||||||
Mallinckrodt PLC (a)(b) | 459,185 | 23,997,008 | ||||||
Merck & Co., Inc. | 497,771 | 24,913,439 | ||||||
Mylan, Inc. (a) | 576,438 | 25,017,409 | ||||||
Nektar Therapeutics (a) | 1,907,981 | 21,655,584 | ||||||
Pacira Pharmaceuticals, Inc. (a) | 480,996 | 27,652,460 | ||||||
Perrigo Co. PLC | 158,640 | 24,344,894 | ||||||
Pfizer, Inc. | 796,170 | 24,386,687 | ||||||
Prestige Brands Holdings, Inc. (a) | 396,600 | 14,198,280 | ||||||
Questcor Pharmaceuticals, Inc. (b) | 451,749 | 24,597,733 | ||||||
Repros Therapeutics, Inc. (a)(b)(c) | 1,335,163 | 24,433,483 | ||||||
Salix Pharmaceuticals, Ltd. (a) | 286,513 | 25,768,979 | ||||||
The Medicines Co. (a) | 652,831 | 25,212,333 | ||||||
ViroPharma, Inc. (a) | 484,220 | 24,138,367 | ||||||
VIVUS, Inc. (a)(b) | 2,472,567 | 22,450,908 | ||||||
Zoetis, Inc. | 762,614 | 24,929,853 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $583,001,511) | 707,067,684 | |||||||
SHORT TERM INVESTMENTS — 8.1% | ||||||||
MONEY MARKET FUNDS — 8.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 57,328,686 | 57,328,686 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 28,392 | 28,392 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $57,357,078) | 57,357,078 | |||||||
TOTAL INVESTMENTS — 108.0% (g) | ||||||||
(Cost $640,358,589) | 764,424,762 | |||||||
OTHER ASSETS & LIABILITIES — (8.0)% | (56,341,057 | ) | ||||||
NET ASSETS — 100.0% | $ | 708,083,705 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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
See accompanying notes to financial statements.
255
SPDR S&P Retail ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
APPAREL RETAIL — 25.6% | ||||||||
Abercrombie & Fitch Co. (Class A) (a) | 345,857 | $ | 11,382,154 | |||||
Aeropostale, Inc. (a)(b) | 1,354,151 | 12,309,233 | ||||||
American Eagle Outfitters, Inc. | 778,847 | 11,215,397 | ||||||
ANN, Inc. (b) | 310,468 | 11,350,710 | ||||||
Ascena Retail Group, Inc. (b) | 554,270 | 11,728,353 | ||||||
Brown Shoe Co., Inc. | 439,149 | 12,357,653 | ||||||
Chico’s FAS, Inc. | 594,811 | 11,206,239 | ||||||
DSW, Inc. (Class A) | 257,217 | 10,990,882 | ||||||
Express, Inc. (b) | 606,348 | 11,320,517 | ||||||
Foot Locker, Inc. | 284,343 | 11,783,174 | ||||||
Francesca’s Holdings Corp. (a)(b) | 651,299 | 11,990,415 | ||||||
Genesco, Inc. (b) | 156,608 | 11,441,780 | ||||||
Guess?, Inc. (a) | 359,128 | 11,158,107 | ||||||
Jos. A. Bank Clothiers, Inc. (b) | 195,187 | 10,682,585 | ||||||
L Brands, Inc. | 180,605 | 11,170,419 | ||||||
Ross Stores, Inc. | 153,660 | 11,513,744 | ||||||
Stage Stores, Inc. (a) | 524,856 | 11,662,300 | ||||||
The Buckle, Inc. (a) | 220,633 | 11,596,470 | ||||||
The Cato Corp. (Class A) | 192,470 | 6,120,546 | ||||||
The Children’s Place Retail Stores, Inc. (b) | 206,203 | 11,747,385 | ||||||
The Finish Line, Inc. (Class A) | 441,382 | 12,433,731 | ||||||
The Gap, Inc. | 286,777 | 11,207,245 | ||||||
The Men’s Wearhouse, Inc. | 213,286 | 10,894,649 | ||||||
TJX Cos., Inc. | 180,605 | 11,509,957 | ||||||
Urban Outfitters, Inc. (b) | 308,356 | 11,440,008 | ||||||
Zumiez, Inc. (a)(b) | 451,369 | 11,735,594 | ||||||
293,949,247 | ||||||||
AUTOMOTIVE RETAIL — 13.4% | ||||||||
Advance Auto Parts, Inc. | 100,639 | 11,138,725 | ||||||
Asbury Automotive Group, Inc. (b) | 213,286 | 11,461,990 | ||||||
AutoNation, Inc. (b) | 220,574 | 10,960,322 | ||||||
AutoZone, Inc. (b) | 23,825 | 11,386,920 | ||||||
CarMax, Inc. (b) | 216,622 | 10,185,566 | ||||||
CST Brands, Inc. (a) | 329,407 | 12,095,825 | ||||||
Group 1 Automotive, Inc. (a) | 159,985 | 11,362,135 | ||||||
Lithia Motors, Inc. (Class A) | 163,145 | 11,325,526 | ||||||
Monro Muffler Brake, Inc. | 213,120 | 12,011,443 | ||||||
Murphy USA, Inc. (b) | 260,844 | 10,840,677 | ||||||
O’Reilly Automotive, Inc. (b) | 87,109 | 11,211,799 | ||||||
Penske Automotive Group, Inc. | 248,141 | 11,702,330 | ||||||
Pep Boys-Manny, Moe & Jack (b) | 624,635 | 7,583,069 | ||||||
Sonic Automotive, Inc. (Class A) | 461,936 | 11,308,193 | ||||||
154,574,520 | ||||||||
CATALOG RETAIL — 1.0% | ||||||||
HSN, Inc. | 181,923 | 11,333,803 | ||||||
COMPUTER & ELECTRONICS RETAIL — 2.9% | ||||||||
Best Buy Co., Inc. | 272,480 | 10,866,502 | ||||||
GameStop Corp. (Class A) (a) | 233,422 | 11,498,368 | ||||||
Rent-A-Center, Inc. | 330,854 | 11,030,672 | ||||||
33,395,542 | ||||||||
DEPARTMENT STORES — 6.1% | ||||||||
Dillard’s, Inc. (Class A) | 119,563 | 11,622,719 | ||||||
J.C. Penney Co., Inc. (a)(b) | 1,287,880 | 11,784,102 | ||||||
Kohl’s Corp. | 203,983 | 11,576,035 | ||||||
Macy’s, Inc. | 214,727 | 11,466,422 | ||||||
Nordstrom, Inc. (a) | 183,800 | 11,358,840 | ||||||
Sears Holdings Corp. (a)(b) | 243,271 | 11,930,010 | ||||||
69,738,128 | ||||||||
DRUG RETAIL — 2.9% | ||||||||
CVS Caremark Corp. | 163,770 | 11,721,019 | ||||||
Rite Aid Corp. (b) | 1,984,882 | 10,043,503 | ||||||
Walgreen Co. | 193,639 | 11,122,624 | ||||||
32,887,146 | ||||||||
FOOD RETAIL — 8.8% | ||||||||
Casey’s General Stores, Inc. | 156,041 | 10,961,880 | ||||||
Harris Teeter Supermarkets, Inc. | 223,610 | 11,035,153 | ||||||
Safeway, Inc. | 329,407 | 10,728,786 | ||||||
Sprouts Farmers Market, Inc. (a)(b) | 304,052 | 11,684,718 | ||||||
SUPERVALU, Inc. (a)(b) | 1,721,652 | 12,550,843 | ||||||
Susser Holdings Corp. (a)(b) | 173,742 | 11,378,364 | ||||||
The Fresh Market, Inc. (a)(b) | 275,893 | 11,173,666 | ||||||
The Kroger Co. | 276,371 | 10,924,946 | ||||||
Whole Foods Market, Inc. | 197,214 | 11,404,886 | ||||||
101,843,242 | ||||||||
GENERAL MERCHANDISE STORES — 7.3% | ||||||||
Big Lots, Inc. (b) | 357,036 | 11,528,692 | ||||||
Conn’s, Inc. (b) | 147,909 | 11,653,750 | ||||||
Dollar General Corp. (b) | 182,568 | 11,012,502 | ||||||
Dollar Tree, Inc. (b) | 198,140 | 11,179,059 | ||||||
Family Dollar Stores, Inc. | 172,715 | 11,221,294 | ||||||
Fred’s, Inc. (Class A) | 237,545 | 4,399,333 | ||||||
Target Corp. | 177,049 | 11,201,890 | ||||||
Tuesday Morning Corp. (b) | 714,605 | 11,405,096 | ||||||
83,601,616 | ||||||||
HYPERMARKETS & SUPER CENTERS — 2.9% | ||||||||
Costco Wholesale Corp. | 93,738 | 11,155,759 | ||||||
PriceSmart, Inc. (a) | 94,922 | 10,967,288 | ||||||
Wal-Mart Stores, Inc. | 141,434 | 11,129,442 | ||||||
33,252,489 | ||||||||
INTERNET RETAIL — 12.0% | ||||||||
Amazon.com, Inc. (b) | 28,664 | 11,430,917 | ||||||
Blue Nile, Inc. (a)(b) | 235,026 | 11,067,374 | ||||||
Expedia, Inc. | 176,098 | 12,266,987 | ||||||
FTD Cos., Inc. (b) | 340,500 | 11,093,490 | ||||||
Groupon, Inc. (a)(b) | 1,077,804 | 12,685,753 | ||||||
HomeAway, Inc. (a)(b) | 291,665 | 11,923,265 | ||||||
Netflix, Inc. (b) | 29,903 | 11,009,387 | ||||||
NutriSystem, Inc. | 593,889 | 9,763,535 | ||||||
Overstock.com, Inc. (b) | 407,059 | 12,533,347 | ||||||
Priceline.com, Inc. (b) | 9,516 | 11,061,398 | ||||||
Shutterfly, Inc. (a)(b) | 231,306 | 11,780,415 | ||||||
TripAdvisor, Inc. (b) | 135,613 | 11,232,825 | ||||||
137,848,693 | ||||||||
SPECIALIZED CONSUMER SERVICES — 0.9% | ||||||||
Outerwall, Inc. (a)(b) | 160,418 | 10,791,319 | ||||||
SPECIALTY STORES — 16.0% | ||||||||
Barnes & Noble, Inc. (b) | 783,661 | 11,715,732 |
See accompanying notes to financial statements.
256
SPDR S&P Retail ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Cabela’s, Inc. (a)(b) | 181,389 | $ | 12,091,391 | |||||
Dick’s Sporting Goods, Inc. | 198,080 | 11,508,448 | ||||||
Five Below, Inc. (a)(b) | 253,892 | 10,968,134 | ||||||
GNC Holdings, Inc. (Class A) | 190,149 | 11,114,209 | ||||||
Hibbett Sports, Inc. (a)(b) | 171,458 | 11,523,692 | ||||||
Office Depot, Inc. (b) | 2,126,181 | 11,247,498 | ||||||
PetSmart, Inc. (a) | 152,600 | 11,101,650 | ||||||
Sally Beauty Holdings, Inc. (b) | 397,683 | 12,021,957 | ||||||
Signet Jewelers, Ltd. | 146,230 | 11,508,301 | ||||||
Staples, Inc. (a) | 715,224 | 11,364,909 | ||||||
Tiffany & Co. | 123,636 | 11,470,948 | ||||||
Tractor Supply Co. | 153,183 | 11,883,937 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc. (b) | 120,015 | 11,583,848 | ||||||
Vitamin Shoppe, Inc. (b) | 206,979 | 10,764,978 | ||||||
Zale Corp. (b) | 762,168 | 12,019,389 | ||||||
183,889,021 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,191,966,021) | 1,147,104,766 | |||||||
SHORT TERM INVESTMENTS — 10.1% | ||||||||
MONEY MARKET FUNDS — 10.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 114,159,677 | 114,159,677 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 1,778,675 | 1,778,675 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $115,938,352) | 115,938,352 | |||||||
TOTAL INVESTMENTS — 109.9% (f) | ||||||||
(Cost $1,307,904,373) | 1,263,043,118 | |||||||
OTHER ASSETS & LIABILITIES — (9.9)% | (113,711,411 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,149,331,707 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
257
SPDR S&P Semiconductor ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 100.0% | ||||||||
SEMICONDUCTORS — 100.0% | ||||||||
Advanced Micro Devices, Inc. (a)(b) | 568,888 | $ | 2,201,597 | |||||
Altera Corp. | 68,137 | 2,216,497 | ||||||
Analog Devices, Inc. | 43,332 | 2,206,899 | ||||||
Applied Micro Circuits Corp. (a)(b) | 185,410 | 2,480,786 | ||||||
Atmel Corp. (a) | 291,166 | 2,279,830 | ||||||
Avago Technologies, Ltd. | 45,975 | 2,431,618 | ||||||
Broadcom Corp. (Class A) | 74,997 | 2,223,661 | ||||||
Cavium, Inc. (a)(b) | 61,804 | 2,132,856 | ||||||
CEVA, Inc. (a)(b) | 35,179 | 535,424 | ||||||
Cirrus Logic, Inc. (a) | 107,209 | 2,190,280 | ||||||
Cree, Inc. (a)(b) | 37,415 | 2,341,057 | ||||||
Cypress Semiconductor Corp. (a)(b) | 219,641 | 2,306,230 | ||||||
Diodes, Inc. (a) | 50,259 | 1,184,102 | ||||||
Entropic Communications, Inc. (a)(b) | 118,900 | 560,019 | ||||||
Fairchild Semiconductor International, Inc. (a) | 167,027 | 2,229,810 | ||||||
First Solar, Inc. (a)(b) | 39,040 | 2,133,146 | ||||||
Freescale Semiconductor, Ltd. (a) | 146,189 | 2,346,333 | ||||||
Hittite Microwave Corp. (a) | 25,890 | 1,598,190 | ||||||
Integrated Device Technology, Inc. (a) | 209,911 | 2,138,993 | ||||||
Intel Corp. | 86,385 | 2,242,555 | ||||||
International Rectifier Corp. (a) | 85,397 | 2,226,300 | ||||||
Intersil Corp. (Class A) | 180,637 | 2,071,906 | ||||||
Lattice Semiconductor Corp. (a) | 165,600 | 912,456 | ||||||
Linear Technology Corp. | 48,413 | 2,205,212 | ||||||
LSI Corp. | 265,423 | 2,924,961 | ||||||
Marvell Technology Group, Ltd. | 159,656 | 2,295,853 | ||||||
Maxim Integrated Products, Inc. | 75,720 | 2,113,345 | ||||||
Micrel, Inc. | 57,114 | 563,715 | ||||||
Microchip Technology, Inc. | 50,597 | 2,264,216 | ||||||
Micron Technology, Inc. (a) | 91,004 | 1,980,247 | ||||||
Microsemi Corp. (a) | 91,008 | 2,270,650 | ||||||
Monolithic Power Systems, Inc. (a) | 64,887 | 2,248,983 | ||||||
NVIDIA Corp. | 139,778 | 2,239,244 | ||||||
OmniVision Technologies, Inc. (a)(b) | 129,464 | 2,226,781 | ||||||
ON Semiconductor Corp. (a) | 282,200 | 2,325,328 | ||||||
PMC-Sierra, Inc. (a) | 314,181 | 2,020,184 | ||||||
Power Integrations, Inc. | 31,590 | 1,763,354 | ||||||
Rambus, Inc. (a)(b) | 143,274 | 1,356,805 | ||||||
RF Micro Devices, Inc. (a) | 416,534 | 2,149,315 | ||||||
Semtech Corp. (a) | 75,999 | 1,921,255 | ||||||
Silicon Image, Inc. (a) | 94,639 | 582,030 | ||||||
Silicon Laboratories, Inc. (a) | 49,410 | 2,139,947 | ||||||
Skyworks Solutions, Inc. (a) | 76,813 | 2,193,779 | ||||||
Spansion, Inc. (Class A) (a)(b) | 128,988 | 1,791,643 | ||||||
SunPower Corp. (a)(b) | 75,715 | 2,257,064 | ||||||
Synaptics, Inc. (a) | 42,399 | 2,196,692 | ||||||
Texas Instruments, Inc. | 50,054 | 2,197,871 | ||||||
TriQuint Semiconductor, Inc. (a) | 263,713 | 2,199,366 | ||||||
Xilinx, Inc. | 48,476 | 2,226,018 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $97,043,462) | 97,844,403 | |||||||
SHORT TERM INVESTMENTS — 7.5% | ||||||||
MONEY MARKET FUNDS — 7.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 7,350,288 | 7,350,288 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 22,803 | 22,803 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $7,373,091) | 7,373,091 | |||||||
TOTAL INVESTMENTS — 107.5% (f) | ||||||||
(Cost $104,416,553) | 105,217,494 | |||||||
OTHER ASSETS & LIABILITIES — (7.5)% | (7,343,935 | ) | ||||||
NET ASSETS — 100.0% | $ | 97,873,559 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
258
SPDR S&P Software & Services ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 100.0% | ||||||||
APPLICATION SOFTWARE — 29.0% | ||||||||
ACI Worldwide, Inc. (a) | 2,904 | $ | 188,760 | |||||
Adobe Systems, Inc. (a) | 2,936 | 175,808 | ||||||
Advent Software, Inc. (b) | 5,185 | 181,423 | ||||||
Ansys, Inc. (a)(b) | 2,125 | 185,300 | ||||||
Aspen Technology, Inc. (a)(b) | 4,513 | 188,643 | ||||||
Autodesk, Inc. (a) | 3,745 | 188,486 | ||||||
Blackbaud, Inc. | 5,248 | 197,587 | ||||||
Bottomline Technologies, Inc. (a)(b) | 5,383 | 194,649 | ||||||
BroadSoft, Inc. (a)(b) | 7,324 | 200,238 | ||||||
Cadence Design Systems, Inc. (a)(b) | 13,130 | 184,083 | ||||||
Citrix Systems, Inc. (a)(b) | 3,083 | 195,000 | ||||||
Compuware Corp. | 16,253 | 182,196 | ||||||
Comverse, Inc. (a)(b) | 4,853 | 188,296 | ||||||
Concur Technologies, Inc. (a)(b) | 1,916 | 197,693 | ||||||
Ebix, Inc. (b) | 12,825 | 188,784 | ||||||
Ellie Mae, Inc. (a)(b) | 6,785 | 182,313 | ||||||
FactSet Research Systems, Inc. (b) | 1,535 | 166,670 | ||||||
Fair Isaac Corp. (b) | 3,137 | 197,129 | ||||||
Guidewire Software, Inc. (a)(b) | 3,924 | 192,551 | ||||||
Informatica Corp. (a)(b) | 4,591 | 190,526 | ||||||
Interactive Intelligence Group (a) | 2,828 | 190,494 | ||||||
Intuit, Inc. (b) | 2,383 | 181,871 | ||||||
Jive Software, Inc. (a)(b) | 17,914 | 201,532 | ||||||
Manhattan Associates, Inc. (a)(b) | 1,493 | 175,398 | ||||||
Mentor Graphics Corp. (b) | 7,923 | 190,707 | ||||||
MicroStrategy, Inc. (a)(b) | 1,440 | 178,906 | ||||||
Monotype Imaging Holdings, Inc. (b) | 6,117 | 194,888 | ||||||
Netscout Systems, Inc. (a) | 6,410 | 189,672 | ||||||
Nuance Communications, Inc. (a)(b) | 12,564 | 190,973 | ||||||
Pegasystems, Inc. (b) | 3,751 | 184,474 | ||||||
PROS Holdings, Inc. (a)(b) | 3,832 | 152,897 | ||||||
PTC, Inc. (a) | 5,545 | 196,238 | ||||||
QLIK Technologies, Inc. (a) | 7,280 | 193,866 | ||||||
RealPage, Inc. (a)(b) | 8,185 | 191,365 | ||||||
Salesforce.com, Inc. (a)(b) | 3,497 | 192,999 | ||||||
SolarWinds, Inc. (a)(b) | 5,028 | 190,209 | ||||||
Solera Holdings, Inc. | 2,612 | 184,825 | ||||||
Splunk, Inc. (a)(b) | 2,640 | 181,289 | ||||||
SS&C Technologies Holdings, Inc. (a) | 4,539 | 200,896 | ||||||
Synchronoss Technologies, Inc. (a)(b) | 5,993 | 186,202 | ||||||
Synopsys, Inc. (a) | 4,688 | 190,192 | ||||||
Tangoe, Inc. (a)(b) | 11,402 | 205,350 | ||||||
TIBCO Software, Inc. (a)(b) | 7,400 | 166,352 | ||||||
TiVo, Inc. (a)(b) | 14,430 | 189,322 | ||||||
Tyler Technologies, Inc. (a)(b) | 1,780 | 181,791 | ||||||
Ultimate Software Group, Inc. (a)(b) | 1,211 | 185,549 | ||||||
Verint Systems, Inc. (a) | 4,401 | 188,979 | ||||||
VirnetX Holding Corp. (a)(b) | 9,633 | 186,977 | ||||||
Workday, Inc. (Class A) (a)(b) | 2,235 | 185,863 | ||||||
9,196,211 | ||||||||
DATA PROCESSING & OUTSOURCED SERVICES — 18.8% | ||||||||
Alliance Data Systems Corp. (a)(b) | 713 | 187,469 | ||||||
Automatic Data Processing, Inc. | 2,321 | 187,560 | ||||||
Broadridge Financial Solutions, Inc. | 4,634 | 183,136 | ||||||
Cardtronics, Inc. (a)(b) | 4,268 | 185,445 | ||||||
Computer Sciences Corp. | 3,417 | 190,942 | ||||||
Convergys Corp. (b) | 8,966 | 188,734 | ||||||
CoreLogic, Inc. (a) | 5,229 | 185,786 | ||||||
CSG Systems International, Inc. (b) | 6,234 | 183,280 | ||||||
DST Systems, Inc. | 1,995 | 181,026 | ||||||
Euronet Worldwide, Inc. (a) | 3,738 | 178,863 | ||||||
EVERTEC, Inc. (b) | 7,902 | 194,863 | ||||||
ExlService Holdings, Inc. (a)(b) | 6,808 | 188,037 | ||||||
Fidelity National Information Services, Inc. | 3,521 | 189,007 | ||||||
Fiserv, Inc. (a) | 3,197 | 188,783 | ||||||
FleetCor Technologies, Inc. (a) | 1,514 | 177,395 | ||||||
Genpact, Ltd. (a) | 10,158 | 186,602 | ||||||
Global Payments, Inc. (b) | 2,848 | 185,092 | ||||||
Heartland Payment Systems, Inc. (b) | 3,914 | 195,074 | ||||||
Jack Henry & Associates, Inc. (b) | 3,127 | 185,150 | ||||||
Lender Processing Services, Inc. | 5,009 | 187,236 | ||||||
Mastercard, Inc. (Class A) (b) | 227 | 189,649 | ||||||
NeuStar, Inc. (Class A) (a)(b) | 3,690 | 183,983 | ||||||
Paychex, Inc. (b) | 4,194 | 190,953 | ||||||
Sykes Enterprises, Inc. (a)(b) | 8,554 | 186,563 | ||||||
Syntel, Inc. (b) | 2,046 | 186,084 | ||||||
TeleTech Holdings, Inc. (a) | 6,049 | 144,813 | ||||||
The Western Union Co. (b) | 10,922 | 188,405 | ||||||
Total System Services, Inc. | 5,714 | 190,162 | ||||||
Vantiv, Inc. (a)(b) | 6,127 | 199,801 | ||||||
VeriFone Systems, Inc. (a) | 7,324 | 196,430 | ||||||
Visa, Inc. (Class A) (b) | 862 | 191,950 | ||||||
WEX, Inc. (a)(b) | 1,853 | 183,503 | ||||||
5,961,776 | ||||||||
DIVERSIFIED COMMERCIAL & PROFESSIONAL SERVICES — 1.2% | ||||||||
CoStar Group, Inc. (a)(b) | 1,010 | 186,426 | ||||||
Global Cash Access Holdings, Inc. (a) | 19,020 | 190,010 | ||||||
376,436 | ||||||||
HOME ENTERTAINMENT SOFTWARE — 2.3% | ||||||||
Activision Blizzard, Inc. | 10,661 | 190,086 | ||||||
Electronic Arts, Inc. (a)(b) | 8,046 | 184,575 | ||||||
Take-Two Interactive Software, Inc. (a)(b) | 10,554 | 183,323 | ||||||
Zynga, Inc. (Class A) (a)(b) | 43,500 | 165,300 | ||||||
723,284 | ||||||||
INTERNET SOFTWARE & SERVICES — 26.9% | ||||||||
Akamai Technologies, Inc. (a) | 3,910 | 184,474 | ||||||
Angie’s List, Inc. (a)(b) | 14,524 | 220,039 | ||||||
AOL, Inc. (a) | 4,029 | 187,832 | ||||||
Bankrate, Inc. (a)(b) | 10,498 | 188,334 | ||||||
Blucora, Inc. (a)(b) | 6,306 | 183,883 | ||||||
comScore, Inc. (a) | 6,811 | 194,863 | ||||||
Constant Contact, Inc. (a)(b) | 6,624 | 205,808 | ||||||
Cornerstone OnDemand, Inc. (a)(b) | 3,695 | 197,091 | ||||||
Dealertrack Technologies, Inc. (a)(b) | 4,303 | 206,888 | ||||||
Demandware, Inc. (a)(b) | 3,025 | 193,963 | ||||||
Digital River, Inc. (a) | 10,548 | 195,138 | ||||||
EarthLink, Inc. (b) | 34,919 | 177,039 | ||||||
eBay, Inc. (a)(b) | 3,468 | 190,359 | ||||||
Envestnet, Inc. (a)(b) | 4,893 | 197,188 | ||||||
Equinix, Inc. (a) | 1,059 | 187,920 | ||||||
Facebook, Inc. (Class A) (a) | 3,353 | 183,275 |
See accompanying notes to financial statements.
259
SPDR S&P Software & Services ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Google, Inc. (Class A) (a) | 168 | $ | 188,279 | |||||
IAC/InterActiveCorp. | 2,987 | 205,177 | ||||||
j2 Global, Inc. (b) | 3,942 | 197,139 | ||||||
LinkedIn Corp. (Class A) (a)(b) | 780 | 169,127 | ||||||
Liquidity Services, Inc. (a)(b) | 8,587 | 194,581 | ||||||
LivePerson, Inc. (a)(b) | 15,320 | 227,042 | ||||||
LogMeIn, Inc. (a)(b) | 5,658 | 189,826 | ||||||
Marketo, Inc. (a) | 5,501 | 203,922 | ||||||
Monster Worldwide, Inc. (a)(b) | 31,202 | 222,470 | ||||||
Move, Inc. (a) | 11,659 | 186,427 | ||||||
NIC, Inc. | 7,950 | 197,716 | ||||||
OpenTable, Inc. (a)(b) | 2,342 | 185,885 | ||||||
Pandora Media, Inc. (a)(b) | 6,559 | 174,469 | ||||||
Rackspace Hosting, Inc. (a)(b) | 5,120 | 200,346 | ||||||
Responsys, Inc. (a) | 9,254 | 253,652 | ||||||
SciQuest, Inc. (a) | 5,885 | 167,605 | ||||||
Shutterstock, Inc. (a)(b) | 2,390 | 199,876 | ||||||
SPS Commerce, Inc. (a)(b) | 2,759 | 180,163 | ||||||
Stamps.com, Inc. (a) | 4,297 | 180,904 | ||||||
Textura Corp. (a)(b) | 4,567 | 136,736 | ||||||
Trulia, Inc. (a)(b) | 5,635 | 198,746 | ||||||
ValueClick, Inc. (a)(b) | 8,445 | 197,360 | ||||||
VeriSign, Inc. (a)(b) | 3,134 | 187,351 | ||||||
Web.com Group, Inc. (a)(b) | 6,324 | 201,040 | ||||||
WebMD Health Corp. (a)(b) | 4,843 | 191,299 | ||||||
Yahoo!, Inc. (a) | 4,500 | 181,980 | ||||||
Yelp, Inc. (a)(b) | 2,791 | 192,439 | ||||||
Zillow, Inc. (Class A) (a)(b) | 2,386 | 195,008 | ||||||
8,500,659 | ||||||||
IT CONSULTING & OTHER SERVICES — 11.3% | ||||||||
Accenture PLC (Class A) | 2,418 | 198,808 | ||||||
Acxiom Corp. (a)(b) | 4,946 | 182,903 | ||||||
Booz Allen Hamilton Holding Corp. (b) | 10,305 | 197,341 | ||||||
CACI International, Inc. (Class A) (a)(b) | 2,475 | 181,219 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 1,911 | 192,973 | ||||||
EPAM Systems, Inc. (a) | 5,467 | 191,017 | ||||||
Forrester Research, Inc. (b) | 3,645 | 139,458 | ||||||
Gartner, Inc. (a)(b) | 2,690 | 191,124 | ||||||
iGate Corp. (a)(b) | 4,904 | 196,945 | ||||||
International Business Machines Corp. | 1,035 | 194,135 | ||||||
Leidos Holdings, Inc. (b) | 4,144 | 192,655 | ||||||
ManTech International Corp. (Class A) (b) | 6,278 | 187,900 | ||||||
MAXIMUS, Inc. | 4,139 | 182,075 | ||||||
Sapient Corp. (a)(b) | 11,112 | 192,904 | ||||||
Science Applications International Corp. (b) | 5,304 | 175,403 | ||||||
ServiceSource International, Inc. (a)(b) | 21,991 | 184,285 | ||||||
Teradata Corp. (a)(b) | 4,362 | 198,427 | ||||||
Unisys Corp. (a)(b) | 5,989 | 201,051 | ||||||
Virtusa Corp. (a) | 5,191 | 197,725 | ||||||
3,578,348 | ||||||||
SYSTEMS SOFTWARE — 10.5% | ||||||||
CA, Inc. (b) | 5,528 | 186,017 | ||||||
CommVault Systems, Inc. (a)(b) | 2,662 | 199,331 | ||||||
Fortinet, Inc. (a)(b) | 10,112 | 193,443 | ||||||
Imperva, Inc. (a)(b) | 4,185 | 201,424 | ||||||
Infoblox, Inc. (a)(b) | 6,104 | 201,554 | ||||||
MICROS Systems, Inc. (a)(b) | 3,364 | 192,993 | ||||||
Microsoft Corp. (b) | 4,873 | 182,396 | ||||||
NetSuite, Inc. (a)(b) | 1,913 | 197,077 | ||||||
Oracle Corp. | 5,380 | 205,839 | ||||||
Progress Software Corp. (a)(b) | 7,224 | 186,596 | ||||||
Proofpoint, Inc. (a)(b) | 6,108 | 202,602 | ||||||
Red Hat, Inc. (a) | 3,823 | 214,241 | ||||||
Rovi Corp. (a)(b) | 10,281 | 202,433 | ||||||
ServiceNow, Inc. (a)(b) | 3,538 | 198,163 | ||||||
Symantec Corp. | 8,086 | 190,668 | ||||||
Tableau Software, Inc. (Class A) (a)(b) | 2,738 | 188,730 | ||||||
VMware, Inc. (Class A) (a)(b) | 2,082 | 186,776 | ||||||
3,330,283 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $26,301,644) | 31,666,997 | |||||||
SHORT TERM INVESTMENTS — 28.1% | ||||||||
MONEY MARKET FUNDS — 28.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 8,906,833 | 8,906,833 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 2,923 | 2,923 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $8,909,756) | 8,909,756 | |||||||
TOTAL INVESTMENTS — 128.1% (f) | ||||||||
(Cost $35,211,400) | 40,576,753 | |||||||
OTHER ASSETS & LIABILITIES — (28.1)% | (8,905,039 | ) | ||||||
NET ASSETS — 100.0% | $ | 31,671,714 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
260
SPDR S&P Telecom ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
ALTERNATIVE CARRIERS — 10.9% | ||||||||
8x8, Inc. (a)(b) | 27,913 | $ | 283,596 | |||||
Cogent Communications Group, Inc. (b) | 4,252 | 171,823 | ||||||
inContact, Inc. (a)(b) | 8,831 | 68,970 | ||||||
Intelsat SA (a) | 6,052 | 136,412 | ||||||
Iridium Communications, Inc. (a) | 22,475 | 140,694 | ||||||
Level 3 Communications, Inc. (a)(b) | 9,249 | 306,790 | ||||||
tw telecom, Inc. (a)(b) | 9,642 | 293,792 | ||||||
Vonage Holdings Corp. (a)(b) | 32,916 | 109,610 | ||||||
1,511,687 | ||||||||
COMMUNICATIONS EQUIPMENT — 61.9% | ||||||||
ADTRAN, Inc. (b) | 10,999 | 297,083 | ||||||
Arris Group, Inc. (a)(b) | 12,949 | 315,502 | ||||||
Aruba Networks, Inc. (a)(b) | 17,436 | 312,104 | ||||||
Black Box Corp. (b) | 1,716 | 51,137 | ||||||
Brocade Communications Systems, Inc. (a)(b) | 33,562 | 297,695 | ||||||
CalAmp Corp. (a)(b) | 10,640 | 297,601 | ||||||
Calix, Inc. (a)(b) | 12,995 | 125,272 | ||||||
Ciena Corp. (a)(b) | 12,979 | 310,587 | ||||||
Cisco Systems, Inc. (b) | 13,896 | 311,965 | ||||||
Comtech Telecommunications Corp. (b) | 2,062 | 64,994 | ||||||
EchoStar Corp. (Class A) (a) | 3,793 | 188,588 | ||||||
Emulex Corp. (a) | 29,771 | 213,160 | ||||||
Extreme Networks, Inc. (a) | 39,324 | 275,268 | ||||||
F5 Networks, Inc. (a)(b) | 3,452 | 313,649 | ||||||
Finisar Corp. (a)(b) | 12,895 | 308,448 | ||||||
Harmonic, Inc. (a) | 17,418 | 128,545 | ||||||
Harris Corp. | 4,291 | 299,555 | ||||||
Infinera Corp. (a) | 31,043 | 303,601 | ||||||
InterDigital, Inc. (b) | 8,748 | 257,978 | ||||||
Ixia (a) | 17,841 | 237,464 | ||||||
JDS Uniphase Corp. (a)(b) | 23,794 | 308,846 | ||||||
Juniper Networks, Inc. (a)(b) | 13,607 | 307,110 | ||||||
Motorola Solutions, Inc. | 4,324 | 291,870 | ||||||
Netgear, Inc. (a)(b) | 9,137 | 300,973 | ||||||
Palo Alto Networks, Inc. (a)(b) | 5,214 | 299,649 | ||||||
Plantronics, Inc. (b) | 5,740 | 266,623 | ||||||
Polycom, Inc. (a)(b) | 26,608 | 298,808 | ||||||
QUALCOMM, Inc. (b) | 3,875 | 287,719 | ||||||
Riverbed Technology, Inc. (a)(b) | 16,831 | 304,304 | ||||||
Ruckus Wireless, Inc. (a)(b) | 21,802 | 309,588 | ||||||
Sonus Networks, Inc. (a)(b) | 50,471 | 158,984 | ||||||
Ubiquiti Networks, Inc. (a)(b) | 7,001 | 321,766 | ||||||
ViaSat, Inc. (a)(b) | 4,203 | 263,318 | ||||||
8,629,754 | ||||||||
INTEGRATED TELECOMMUNICATION SERVICES — 12.1% | ||||||||
AT&T, Inc. (b) | 8,309 | 292,145 | ||||||
Atlantic Tele-Network, Inc. (b) | 783 | 44,294 | ||||||
CenturyLink, Inc. (b) | 9,152 | 291,491 | ||||||
Cincinnati Bell, Inc. (a)(b) | 28,988 | 103,197 | ||||||
Consolidated Communications Holdings, Inc. | 4,591 | 90,121 | ||||||
Frontier Communications Corp. (b) | 63,345 | 294,554 | ||||||
Verizon Communications, Inc. (b) | 5,879 | 288,894 | ||||||
Windstream Holdings, Inc. (b) | 35,333 | 281,958 | ||||||
1,686,654 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 14.9% | ||||||||
Crown Castle International Corp. (a) | 3,805 | 279,401 | ||||||
NII Holdings, Inc. (a)(b) | 145,725 | 400,744 | ||||||
SBA Communications Corp. (Class A) (a)(b) | 3,213 | 288,656 | ||||||
Sprint Corp. (a)(b) | 33,363 | 358,653 | ||||||
T-Mobile US, Inc. (a) | 10,175 | 342,287 | ||||||
Telephone & Data Systems, Inc. | 11,391 | 293,660 | ||||||
US Cellular Corp. (b) | 2,766 | 115,674 | ||||||
2,079,075 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $13,097,711) | 13,907,170 | |||||||
SHORT TERM INVESTMENTS — 27.2% | ||||||||
MONEY MARKET FUNDS — 27.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 3,771,095 | 3,771,095 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 20,018 | 20,018 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $3,791,113) | 3,791,113 | |||||||
TOTAL INVESTMENTS — 127.0% (f) | ||||||||
(Cost $16,888,824) | 17,698,283 | |||||||
OTHER ASSETS & LIABILITIES — (27.0)% | (3,763,193 | ) | ||||||
NET ASSETS — 100.0% | $ | 13,935,090 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
261
SPDR S&P Transportation ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
AIR FREIGHT & LOGISTICS — 20.3% | ||||||||
Atlas Air Worldwide Holdings, Inc. (a)(b) | 48,703 | $ | 2,004,128 | |||||
C.H. Robinson Worldwide, Inc. (b) | 34,804 | 2,030,465 | ||||||
Expeditors International of Washington, Inc. (b) | 45,548 | 2,015,499 | ||||||
FedEx Corp. (b) | 14,230 | 2,045,847 | ||||||
Forward Air Corp. (b) | 12,957 | 568,942 | ||||||
HUB Group, Inc. (Class A) (a)(b) | 32,887 | 1,311,534 | ||||||
United Parcel Service, Inc. (Class B) (b) | 19,301 | 2,028,149 | ||||||
UTI Worldwide, Inc. (b) | 82,046 | 1,440,728 | ||||||
XPO Logistics, Inc. (a)(b) | 53,623 | 1,409,749 | ||||||
14,855,041 | ||||||||
AIRLINES — 23.7% | ||||||||
Alaska Air Group, Inc. | 27,132 | 1,990,675 | ||||||
Allegiant Travel Co. (b) | 11,585 | 1,221,522 | ||||||
American Airlines Group, Inc. (a)(b) | 74,796 | 1,888,599 | ||||||
Delta Air Lines, Inc. | 69,118 | 1,898,672 | ||||||
Hawaiian Holdings, Inc. (a)(b) | 106,600 | 1,026,558 | ||||||
JetBlue Airways Corp. (a)(b) | 224,094 | 1,916,004 | ||||||
Republic Airways Holdings, Inc. (a)(b) | 80,328 | 858,706 | ||||||
SkyWest, Inc. (b) | 38,561 | 571,860 | ||||||
Southwest Airlines Co. (b) | 105,261 | 1,983,117 | ||||||
Spirit Airlines, Inc. (a) | 45,601 | 2,070,741 | ||||||
United Continental Holdings, Inc. (a) | 50,869 | 1,924,374 | ||||||
17,350,828 | ||||||||
AIRPORT SERVICES — 1.1% | ||||||||
Wesco Aircraft Holdings, Inc. (a)(b) | 37,871 | 830,132 | ||||||
MARINE — 4.1% | ||||||||
Kirby Corp. (a)(b) | 21,575 | 2,141,319 | ||||||
Matson, Inc. (b) | 33,289 | 869,176 | ||||||
3,010,495 | ||||||||
RAILROADS — 14.0% | ||||||||
CSX Corp. (b) | 71,161 | 2,047,302 | ||||||
Genesee & Wyoming, Inc. (Class A) (a)(b) | 21,226 | 2,038,757 | ||||||
Kansas City Southern (b) | 16,725 | 2,071,057 | ||||||
Norfolk Southern Corp. (b) | 22,272 | 2,067,510 | ||||||
Union Pacific Corp. | 12,240 | 2,056,320 | ||||||
10,280,946 | ||||||||
TRUCKING — 36.7% | ||||||||
AMERCO, Inc. (a)(b) | 4,792 | 1,139,729 | ||||||
Arkansas Best Corp. (b) | 58,497 | 1,970,179 | ||||||
Avis Budget Group, Inc. (a)(b) | 54,254 | 2,192,947 | ||||||
Celadon Group, Inc. (b) | 20,311 | 395,658 | ||||||
Con-way, Inc. (b) | 49,356 | 1,959,927 | ||||||
Heartland Express, Inc. (b) | 53,840 | 1,056,341 | ||||||
Hertz Global Holdings, Inc. (a) | 79,046 | 2,262,296 | ||||||
J.B. Hunt Transport Services, Inc. (b) | 26,415 | 2,041,879 | ||||||
Knight Transportation, Inc. (b) | 80,096 | 1,468,961 | ||||||
Landstar System, Inc. (b) | 35,755 | 2,054,125 | ||||||
Old Dominion Freight Line, Inc. (a)(b) | 38,539 | 2,043,338 | ||||||
Roadrunner Transportation Systems, Inc. (a)(b) | 36,095 | 972,760 | ||||||
Ryder Systems, Inc. (b) | 28,955 | 2,136,300 | ||||||
Saia, Inc. (a)(b) | 37,546 | 1,203,349 | ||||||
Swift Transportation Co. (a)(b) | 87,428 | 1,941,776 | ||||||
Werner Enterprises, Inc. (b) | 80,915 | 2,001,028 | ||||||
26,840,593 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $61,725,399) | 73,168,035 | |||||||
SHORT TERM INVESTMENTS — 25.2% | ||||||||
MONEY MARKET FUNDS — 25.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 18,440,943 | 18,440,943 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 41,628 | 41,628 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $18,482,571) | 18,482,571 | |||||||
TOTAL INVESTMENTS — 125.1% (f) | ||||||||
(Cost $80,207,970) | 91,650,606 | |||||||
OTHER ASSETS & LIABILITIES — (25.1)% | (18,389,688 | ) | ||||||
NET ASSETS — 100.0% | $ | 73,260,918 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
262
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AEROSPACE & DEFENSE — 2.8% | ||||||||
AAR Corp. (a) | 55 | $ | 1,540 | |||||
Aerovironment, Inc. (a)(b) | 6 | 175 | ||||||
Alliant Techsystems, Inc. (a) | 19 | 2,312 | ||||||
American Science & Engineering, Inc. | 2 | 144 | ||||||
BE Aerospace, Inc. (b) | 19 | 1,654 | ||||||
Cubic Corp. (a) | 10 | 527 | ||||||
Curtiss-Wright Corp. (a) | 22 | 1,369 | ||||||
Engility Holdings, Inc. (a)(b) | 24 | 802 | ||||||
Esterline Technologies Corp. (a)(b) | 14 | 1,427 | ||||||
Exelis, Inc. (a) | 172 | 3,278 | ||||||
GenCorp, Inc. (a)(b) | 32 | 577 | ||||||
General Dynamics Corp. | 194 | 18,537 | ||||||
Honeywell International, Inc. (a) | 184 | 16,812 | ||||||
Huntington Ingalls Industries, Inc. | 30 | 2,700 | ||||||
L-3 Communications Holdings, Inc. | 123 | 13,144 | ||||||
Lockheed Martin Corp. (a) | 157 | 23,340 | ||||||
Moog, Inc. (Class A) (b) | 22 | 1,495 | ||||||
National Presto Industries, Inc. (b) | 4 | 322 | ||||||
Northrop Grumman Corp. | 185 | 21,203 | ||||||
Orbital Sciences Corp. (b) | 32 | 746 | ||||||
Precision Castparts Corp. | 18 | 4,847 | ||||||
Raytheon Co. | 205 | 18,593 | ||||||
Rockwell Collins, Inc. (a) | 36 | 2,661 | ||||||
Teledyne Technologies, Inc. (b) | 14 | 1,286 | ||||||
Textron, Inc. (a) | 108 | 3,970 | ||||||
The Boeing Co. | 284 | 38,763 | ||||||
Triumph Group, Inc. | 18 | 1,369 | ||||||
United Technologies Corp. | 319 | 36,302 | ||||||
219,895 | ||||||||
AIR FREIGHT & LOGISTICS — 0.8% | ||||||||
Atlas Air Worldwide Holdings, Inc. (a)(b) | 26 | 1,070 | ||||||
C.H. Robinson Worldwide, Inc. (a) | 44 | 2,567 | ||||||
Expeditors International of Washington, Inc. | 44 | 1,947 | ||||||
FedEx Corp. (a) | 159 | 22,859 | ||||||
Forward Air Corp. (a) | 6 | 264 | ||||||
HUB Group, Inc. (Class A) (a)(b) | 14 | 558 | ||||||
United Parcel Service, Inc. (Class B) | 293 | 30,789 | ||||||
UTI Worldwide, Inc. (a) | 50 | 878 | ||||||
60,932 | ||||||||
AIRLINES — 0.2% | ||||||||
Alaska Air Group, Inc. | 29 | 2,128 | ||||||
Allegiant Travel Co. (a) | 6 | 633 | ||||||
JetBlue Airways Corp. (a)(b) | 248 | 2,120 | ||||||
SkyWest, Inc. (a) | 56 | 830 | ||||||
Southwest Airlines Co. | 394 | 7,423 | ||||||
13,134 | ||||||||
AUTO COMPONENTS — 0.5% | ||||||||
BorgWarner, Inc. | 52 | 2,907 | ||||||
Delphi Automotive PLC (a) | 120 | 7,216 | ||||||
Drew Industries, Inc. (a) | 8 | 410 | ||||||
Gentex Corp. (a) | 32 | 1,056 | ||||||
Johnson Controls, Inc. | 357 | 18,314 | ||||||
Spartan Motors, Inc. (a) | 22 | 147 | ||||||
Standard Motor Products, Inc. (a) | 14 | 515 | ||||||
Superior Industries International, Inc. (a) | 16 | 330 | ||||||
The Goodyear Tire & Rubber Co. (a) | 348 | 8,300 | ||||||
39,195 | ||||||||
AUTOMOBILES — 0.7% | ||||||||
Ford Motor Co. (a) | 3,345 | 51,613 | ||||||
Harley-Davidson, Inc. (a) | 47 | 3,254 | ||||||
Thor Industries, Inc. | 24 | 1,326 | ||||||
Winnebago Industries, Inc. (b) | 10 | 275 | ||||||
56,468 | ||||||||
BEVERAGES — 1.2% | ||||||||
Beam, Inc. | 42 | 2,858 | ||||||
Boston Beer Co., Inc. (Class A) (b) | 2 | 484 | ||||||
Brown-Forman Corp. (Class B) (a) | 31 | 2,343 | ||||||
Coca-Cola Enterprises, Inc. | 81 | 3,575 | ||||||
Constellation Brands, Inc. (Class A) (b) | 47 | 3,308 | ||||||
Dr. Pepper Snapple Group, Inc. | 84 | 4,092 | ||||||
Molson Coors Brewing Co. (Class B) (a) | 92 | 5,166 | ||||||
Monster Beverage Corp. (a)(b) | 24 | 1,626 | ||||||
PepsiCo, Inc. | 402 | 33,342 | ||||||
The Coca-Cola Co. | 999 | 41,269 | ||||||
98,063 | ||||||||
BIOTECHNOLOGY — 0.9% | ||||||||
Alexion Pharmaceuticals, Inc. (b) | 24 | 3,193 | ||||||
Amgen, Inc. | 154 | 17,581 | ||||||
ArQule, Inc. (b) | 8 | 17 | ||||||
Biogen Idec, Inc. (b) | 40 | 11,190 | ||||||
Celgene Corp. (b) | 51 | 8,617 | ||||||
Cubist Pharmaceuticals, Inc. (a)(b) | 16 | 1,102 | ||||||
Emergent Biosolutions, Inc. (b) | 14 | 322 | ||||||
Gilead Sciences, Inc. (a)(b) | 259 | 19,464 | ||||||
Momenta Pharmaceuticals, Inc. (a)(b) | 20 | 354 | ||||||
Regeneron Pharmaceuticals, Inc. (b) | 10 | 2,752 | ||||||
United Therapeutics Corp. (a)(b) | 14 | 1,583 | ||||||
Vertex Pharmaceuticals, Inc. (b) | 34 | 2,526 | ||||||
68,701 | ||||||||
BUILDING PRODUCTS — 0.1% | ||||||||
A.O. Smith Corp. | 16 | 863 | ||||||
AAON, Inc. | 9 | 288 | ||||||
Allegion PLC (a)(b) | 34 | 1,502 | ||||||
Apogee Enterprises, Inc. (a) | 18 | 646 | ||||||
Fortune Brands Home & Security, Inc. | 36 | 1,645 | ||||||
Gibraltar Industries, Inc. (a)(b) | 16 | 297 | ||||||
Griffon Corp. (a) | 34 | 449 | ||||||
Lennox International, Inc. (a) | 9 | 766 | ||||||
Masco Corp. | 79 | 1,799 | ||||||
Quanex Building Products Corp. (a) | 14 | 279 | ||||||
Simpson Manufacturing Co., Inc. (a) | 14 | 514 | ||||||
Universal Forest Products, Inc. (a) | 12 | 626 | ||||||
9,674 | ||||||||
CAPITAL MARKETS — 2.7% | ||||||||
Affiliated Managers Group, Inc. (a)(b) | 10 | 2,169 | ||||||
Ameriprise Financial, Inc. | 100 | 11,505 | ||||||
Apollo Investment Corp. (a) | 314 | 2,663 | ||||||
BlackRock, Inc. | 51 | 16,140 |
See accompanying notes to financial statements.
263
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Calamos Asset Management, Inc. (Class A) (a) | 22 | $ | 261 | |||||
E*TRADE Financial Corp. (a)(b) | 244 | 4,792 | ||||||
Eaton Vance Corp. | 32 | 1,369 | ||||||
Federated Investors, Inc. (Class B) (a) | 44 | 1,267 | ||||||
Financial Engines, Inc. (a) | 6 | 417 | ||||||
Franklin Resources, Inc. (a) | 129 | 7,447 | ||||||
Greenhill & Co., Inc. (a) | 10 | 579 | ||||||
Invesco, Ltd. | 123 | 4,477 | ||||||
Investment Technology Group, Inc. (b) | 28 | 576 | ||||||
Janus Capital Group, Inc. (a) | 82 | 1,014 | ||||||
Legg Mason, Inc. | 61 | 2,652 | ||||||
Morgan Stanley | 1,890 | 59,271 | ||||||
Northern Trust Corp. | 90 | 5,570 | ||||||
Piper Jaffray Co., Inc. (a)(b) | 18 | 712 | ||||||
Prospect Capital Corp. (a) | 155 | 1,739 | ||||||
Raymond James Financial, Inc. (a) | 46 | 2,401 | ||||||
SEI Investments Co. | 44 | 1,528 | ||||||
State Street Corp. (c) | 142 | 10,421 | ||||||
Stifel Financial Corp. (a)(b) | 16 | 767 | ||||||
SWS Group, Inc. (b) | 30 | 182 | ||||||
T. Rowe Price Group, Inc. | 44 | 3,686 | ||||||
The Bank of New York Mellon Corp. | 606 | 21,174 | ||||||
The Charles Schwab Corp. (a) | 272 | 7,072 | ||||||
The Goldman Sachs Group, Inc. | 247 | 43,783 | ||||||
Virtus Investment Partners, Inc. (a)(b) | 2 | 400 | ||||||
Waddell & Reed Financial, Inc. (Class A) | 14 | 912 | ||||||
216,946 | ||||||||
CHEMICALS — 2.1% | ||||||||
A. Schulman, Inc. (a) | 18 | 635 | ||||||
Air Products & Chemicals, Inc. | 86 | 9,613 | ||||||
Airgas, Inc. | 14 | 1,566 | ||||||
Albemarle Corp. | 24 | 1,521 | ||||||
American Vanguard Corp. (a) | 6 | 146 | ||||||
Ashland, Inc. | 40 | 3,882 | ||||||
Balchem Corp. | 4 | 235 | ||||||
Cabot Corp. | 51 | 2,621 | ||||||
Calgon Carbon Corp. (b) | 18 | 370 | ||||||
CF Industries Holdings, Inc. (a) | 22 | 5,127 | ||||||
Cytec Industries, Inc. | 8 | 745 | ||||||
E. I. du Pont de Nemours & Co. (a) | 382 | 24,819 | ||||||
Eastman Chemical Co. | 40 | 3,228 | ||||||
Ecolab, Inc. | 49 | 5,109 | ||||||
FMC Corp. (a) | 28 | 2,113 | ||||||
H.B. Fuller Co. (a) | 16 | 833 | ||||||
Hawkins, Inc. (a) | 4 | 149 | ||||||
International Flavors & Fragrances, Inc. | 14 | 1,204 | ||||||
Intrepid Potash, Inc. (a)(b) | 22 | 348 | ||||||
Koppers Holdings, Inc. | 10 | 458 | ||||||
Kraton Performance Polymers, Inc. (b) | 18 | 415 | ||||||
LSB Industries, Inc. (a)(b) | 8 | 328 | ||||||
LyondellBasell Industries NV | 365 | 29,302 | ||||||
Minerals Technologies, Inc. | 12 | 721 | ||||||
Monsanto Co. | 91 | 10,606 | ||||||
NewMarket Corp. (a) | 4 | 1,337 | ||||||
Olin Corp. (a) | 44 | 1,269 | ||||||
OM Group, Inc. (a)(b) | 50 | 1,820 | ||||||
PolyOne Corp. (a) | 23 | 813 | ||||||
Praxair, Inc. (a) | 66 | 8,582 | ||||||
Quaker Chemical Corp. | 6 | 462 | ||||||
RPM International, Inc. | 58 | 2,408 | ||||||
Sensient Technologies Corp. (a) | 20 | 970 | ||||||
Sigma-Aldrich Corp. | 24 | 2,256 | ||||||
Stepan Co. (a) | 8 | 525 | ||||||
The Dow Chemical Co. (a) | 499 | 22,156 | ||||||
The Mosaic Co. (a) | 187 | 8,839 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 18 | 1,120 | ||||||
The Sherwin-Williams Co. | 18 | 3,303 | ||||||
Tredegar Corp. (a) | 14 | 403 | ||||||
Valspar Corp. | 24 | 1,711 | ||||||
Zep, Inc. | 10 | 182 | ||||||
164,250 | ||||||||
COMMERCIAL BANKS — 3.7% | ||||||||
Associated Banc-Corp. (a) | 82 | 1,427 | ||||||
BancorpSouth, Inc. (a) | 60 | 1,525 | ||||||
Bank of Hawaii Corp. (a) | 20 | 1,183 | ||||||
Bank of the Ozarks, Inc. (a) | 8 | 453 | ||||||
BB&T Corp. (a) | 441 | 16,458 | ||||||
BBCN Bancorp, Inc. (a) | 18 | 299 | ||||||
Boston Private Financial Holdings, Inc. (a) | 26 | 328 | ||||||
Cathay General Bancorp | 26 | 695 | ||||||
City Holding Co. (a) | 8 | 371 | ||||||
City National Corp. (a) | 20 | 1,584 | ||||||
Columbia Banking System, Inc. | 12 | 330 | ||||||
Comerica, Inc. | 92 | 4,374 | ||||||
Commerce Bancshares, Inc. (a) | 33 | 1,482 | ||||||
Community Bank System, Inc. (a) | 16 | 635 | ||||||
Cullen/Frost Bankers, Inc. (a) | 28 | 2,084 | ||||||
CVB Financial Corp. (a) | 42 | 717 | ||||||
East West Bancorp, Inc. (a) | 44 | 1,539 | ||||||
F.N.B. Corp. (a) | 76 | 959 | ||||||
Fifth Third Bancorp (a) | 551 | 11,588 | ||||||
First BanCorp- Puerto Rico (b) | 76 | 470 | ||||||
First Commonwealth Financial Corp. | 56 | 494 | ||||||
First Financial Bancorp (a) | 32 | 558 | ||||||
First Financial Bankshares, Inc. (a) | 10 | 663 | ||||||
First Horizon National Corp. (a) | 134 | 1,561 | ||||||
First Midwest Bancorp, Inc. | 34 | 596 | ||||||
First Niagara Financial Group, Inc. | 225 | 2,389 | ||||||
FirstMerit Corp. | 88 | 1,956 | ||||||
Fulton Financial Corp. (a) | 88 | 1,151 | ||||||
Glacier Bancorp, Inc. (a) | 34 | 1,013 | ||||||
Hancock Holding Co. (a) | 22 | 807 | ||||||
Hanmi Financial Corp. | 16 | 350 | ||||||
Home Bancshares, Inc. | 16 | 598 | ||||||
Huntington Bancshares, Inc. (a) | 462 | 4,458 | ||||||
Independent Bank Corp.-Massachusetts (a) | 8 | 314 | ||||||
International Bancshares Corp. (a) | 36 | 950 | ||||||
KeyCorp | 556 | 7,462 | ||||||
M&T Bank Corp. (a) | 65 | 7,567 | ||||||
MB Financial, Inc. | 23 | 738 | ||||||
National Penn Bancshares, Inc. | 54 | 612 | ||||||
NBT Bancorp, Inc. (a) | 18 | 466 | ||||||
Old National Bancorp | 42 | 646 | ||||||
PacWest Bancorp (a) | 12 | 507 |
See accompanying notes to financial statements.
264
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Pinnacle Financial Partners, Inc. (a) | 16 | $ | 520 | |||||
PNC Financial Services Group, Inc. | 333 | 25,834 | ||||||
PrivateBancorp, Inc. (a) | 28 | 810 | ||||||
Prosperity Bancshares, Inc. | 16 | 1,014 | ||||||
Regions Financial Corp. | 826 | 8,169 | ||||||
S&T Bancorp, Inc. (a) | 16 | 405 | ||||||
Signature Bank (b) | 12 | 1,289 | ||||||
Simmons First National Corp. (a) | 8 | 297 | ||||||
SunTrust Banks, Inc. (a) | 315 | 11,595 | ||||||
Susquehanna Bancshares, Inc. | 82 | 1,053 | ||||||
SVB Financial Group (b) | 14 | 1,468 | ||||||
Synovus Financial Corp. | 856 | 3,082 | ||||||
TCF Financial Corp. (a) | 96 | 1,560 | ||||||
Texas Capital Bancshares, Inc. (a)(b) | 10 | 622 | ||||||
Tompkins Financial Corp. (a) | 8 | 411 | ||||||
Trustmark Corp. (a) | 30 | 805 | ||||||
U.S. Bancorp (a) | 750 | 30,300 | ||||||
UMB Financial Corp. | 16 | 1,028 | ||||||
Umpqua Holdings Corp. (a) | 50 | 957 | ||||||
United Bankshares, Inc. (a) | 22 | 692 | ||||||
Valley National Bancorp (a) | 106 | 1,073 | ||||||
ViewPoint Financial Group (a) | 10 | 274 | ||||||
Webster Financial Corp. (a) | 34 | 1,060 | ||||||
Wells Fargo & Co. (a) | 2,516 | 114,226 | ||||||
Westamerica Bancorporation (a) | 10 | 565 | ||||||
Wilshire Bancorp, Inc. (a) | 30 | 328 | ||||||
Wintrust Financial Corp. (a) | 16 | 738 | ||||||
Zions Bancorporation (a) | 108 | 3,236 | ||||||
297,768 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.8% | ||||||||
ABM Industries, Inc. | 70 | 2,001 | ||||||
Avery Dennison Corp. | 54 | 2,710 | ||||||
Cintas Corp. (a) | 48 | 2,860 | ||||||
Clean Harbors, Inc. (a)(b) | 12 | 720 | ||||||
Consolidated Graphics, Inc. (b) | 10 | 675 | ||||||
Copart, Inc. (b) | 34 | 1,246 | ||||||
Deluxe Corp. (a) | 16 | 835 | ||||||
G & K Services, Inc. (Class A) (a) | 10 | 622 | ||||||
Healthcare Services Group, Inc. | 18 | 511 | ||||||
Herman Miller, Inc. (a) | 20 | 590 | ||||||
HNI Corp. | 22 | 854 | ||||||
Interface, Inc. (a) | 18 | 395 | ||||||
Iron Mountain, Inc. (a) | 52 | 1,578 | ||||||
Mine Safety Appliances Co. (a) | 12 | 615 | ||||||
Mobile Mini, Inc. (b) | 16 | 659 | ||||||
Pitney Bowes, Inc. | 286 | 6,664 | ||||||
R.R. Donnelley & Sons Co. (a) | 251 | 5,090 | ||||||
Republic Services, Inc. | 163 | 5,412 | ||||||
Rollins, Inc. | 28 | 848 | ||||||
Stericycle, Inc. (b) | 18 | 2,091 | ||||||
Tetra Tech, Inc. (a)(b) | 26 | 728 | ||||||
The ADT Corp. (a) | 27 | 1,093 | ||||||
The Brink’s Co. (a) | 52 | 1,775 | ||||||
The Geo Group, Inc. (a) | 15 | 483 | ||||||
Tyco International, Ltd. | 273 | 11,204 | ||||||
UniFirst Corp. | 8 | 856 | ||||||
United Stationers, Inc. (a) | 30 | 1,377 | ||||||
Viad Corp. | 12 | 333 | ||||||
Waste Connections, Inc. (a) | 32 | 1,396 | ||||||
Waste Management, Inc. (a) | 234 | 10,500 | ||||||
66,721 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.9% | ||||||||
ADTRAN, Inc. (a) | 16 | 432 | ||||||
Arris Group, Inc. (b) | 50 | 1,218 | ||||||
Bel Fuse, Inc. (Class B) | 6 | 128 | ||||||
Black Box Corp. (a) | 12 | 358 | ||||||
Ciena Corp. (a)(b) | 22 | 526 | ||||||
Cisco Systems, Inc. | 1,478 | 33,181 | ||||||
Comtech Telecommunications Corp. | 10 | 315 | ||||||
Digi International, Inc. (a)(b) | 12 | 145 | ||||||
F5 Networks, Inc. (a)(b) | 12 | 1,090 | ||||||
Harmonic, Inc. (b) | 42 | 310 | ||||||
Harris Corp. (a) | 54 | 3,770 | ||||||
JDS Uniphase Corp. (b) | 60 | 779 | ||||||
Juniper Networks, Inc. (a)(b) | 174 | 3,927 | ||||||
Motorola Solutions, Inc. | 54 | 3,645 | ||||||
Netgear, Inc. (b) | 12 | 395 | ||||||
Oplink Communications, Inc. (a)(b) | 8 | 149 | ||||||
PC-Tel, Inc. | 6 | 57 | ||||||
Plantronics, Inc. (a) | 10 | 465 | ||||||
Polycom, Inc. (b) | 50 | 562 | ||||||
QUALCOMM, Inc. (a) | 293 | 21,755 | ||||||
Riverbed Technology, Inc. (a)(b) | 25 | 452 | ||||||
ViaSat, Inc. (a)(b) | 10 | 627 | ||||||
74,286 | ||||||||
COMPUTERS & PERIPHERALS — 3.2% | ||||||||
3D Systems Corp. (a)(b) | 14 | 1,301 | ||||||
Apple, Inc. | 222 | 124,566 | ||||||
Avid Technology, Inc. (b) | 20 | 163 | ||||||
Diebold, Inc. (a) | 28 | 924 | ||||||
EMC Corp. (a) | 591 | 14,864 | ||||||
Hewlett-Packard Co. (a) | 2,623 | 73,392 | ||||||
Intevac, Inc. (a)(b) | 10 | 74 | ||||||
Lexmark International, Inc. (Class A) (a) | 87 | 3,090 | ||||||
NCR Corp. (b) | 66 | 2,248 | ||||||
NetApp, Inc. | 113 | 4,649 | ||||||
QLogic Corp. (b) | 36 | 426 | ||||||
SanDisk Corp. | 67 | 4,726 | ||||||
Seagate Technology PLC (a) | 269 | 15,107 | ||||||
Super Micro Computer, Inc. (b) | 12 | 206 | ||||||
Western Digital Corp. | 120 | 10,068 | ||||||
255,804 | ||||||||
CONSTRUCTION & ENGINEERING — 0.3% | ||||||||
Aecom Technology Corp. (b) | 49 | 1,442 | ||||||
Aegion Corp. (a)(b) | 18 | 394 | ||||||
Comfort Systems USA, Inc. | 28 | 543 | ||||||
Dycom Industries, Inc. (a)(b) | 14 | 389 | ||||||
EMCOR Group, Inc. | 27 | 1,146 | ||||||
Fluor Corp. (a) | 80 | 6,423 | ||||||
Granite Construction, Inc. (a) | 20 | 700 | ||||||
Jacobs Engineering Group, Inc. (a)(b) | 70 | 4,409 | ||||||
KBR, Inc. (a) | 70 | 2,232 | ||||||
Orion Marine Group, Inc. (a)(b) | 16 | 193 | ||||||
Quanta Services, Inc. (a)(b) | 88 | 2,777 |
See accompanying notes to financial statements.
265
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
URS Corp. | 56 | $ | 2,968 | |||||
23,616 | ||||||||
CONSTRUCTION MATERIALS — 0.1% | ||||||||
Eagle Materials, Inc. (a) | 10 | 774 | ||||||
Headwaters, Inc. (b) | 40 | 392 | ||||||
Martin Marietta Materials, Inc. (a) | 14 | 1,399 | ||||||
Texas Industries, Inc. (b) | 6 | 413 | ||||||
Vulcan Materials Co. (a) | 27 | 1,604 | ||||||
4,582 | ||||||||
CONSUMER FINANCE — 1.0% | ||||||||
American Express Co. | 344 | 31,211 | ||||||
Capital One Financial Corp. | 341 | 26,124 | ||||||
Cash America International, Inc. (a) | 16 | 613 | ||||||
Discover Financial Services | 186 | 10,407 | ||||||
Encore Capital Group, Inc. (a)(b) | 12 | 603 | ||||||
Ezcorp, Inc. (Class A) (b) | 18 | 211 | ||||||
First Cash Financial Services, Inc. (a)(b) | 4 | 247 | ||||||
Portfolio Recovery Associates, Inc. (a)(b) | 18 | 951 | ||||||
SLM Corp. (a) | 244 | 6,412 | ||||||
World Acceptance Corp. (a)(b) | 8 | 700 | ||||||
77,479 | ||||||||
CONTAINERS & PACKAGING — 0.3% | ||||||||
AptarGroup, Inc. | 20 | 1,356 | ||||||
Ball Corp. | 54 | 2,790 | ||||||
Bemis Co., Inc. (a) | 56 | 2,294 | ||||||
Greif, Inc. (Class A) | 32 | 1,677 | ||||||
MeadWestvaco Corp. (a) | 84 | 3,102 | ||||||
Myers Industries, Inc. | 14 | 296 | ||||||
Owens-Illinois, Inc. (b) | 88 | 3,148 | ||||||
Packaging Corp. of America | 26 | 1,645 | ||||||
Rock-Tenn Co. (Class A) | 24 | 2,520 | ||||||
Sealed Air Corp. | 94 | 3,201 | ||||||
Silgan Holdings, Inc. | 24 | 1,152 | ||||||
Sonoco Products Co. | 54 | 2,253 | ||||||
25,434 | ||||||||
DISTRIBUTORS — 0.1% | ||||||||
Genuine Parts Co. (a) | 58 | 4,825 | ||||||
LKQ Corp. (b) | 60 | 1,974 | ||||||
Pool Corp. (a) | 14 | 814 | ||||||
VOXX International Corp. (b) | 20 | 334 | ||||||
7,947 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.2% | ||||||||
American Public Education, Inc. (a)(b) | 4 | 174 | ||||||
Apollo Education Group, Inc. (b) | 137 | 3,743 | ||||||
Capella Education Co. (a) | 6 | 399 | ||||||
Career Education Corp. (a)(b) | 56 | 319 | ||||||
DeVry Education Group, Inc. | 32 | 1,136 | ||||||
Graham Holdings Co. (Class B) (a)(b) | 6 | 3,980 | ||||||
H&R Block, Inc. | 71 | 2,062 | ||||||
Hillenbrand, Inc. | 26 | 765 | ||||||
ITT Educational Services, Inc. (a)(b) | 12 | 403 | ||||||
Matthews International Corp. (Class A) (a) | 12 | 511 | ||||||
Regis Corp. (a) | 38 | 551 | ||||||
Service Corp. International | 46 | 834 | ||||||
Sotheby’s | 16 | 851 | ||||||
Strayer Education, Inc. (b) | 6 | 207 | ||||||
Universal Technical Institute, Inc. | 10 | 139 | ||||||
16,074 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 7.2% | ||||||||
Bank of America Corp. | 8,974 | 139,725 | ||||||
Berkshire Hathaway, Inc. (Class B) (a)(b) | 973 | 115,359 | ||||||
CBOE Holdings, Inc. (a) | 14 | 727 | ||||||
Citigroup, Inc. (a) | 1,905 | 99,270 | ||||||
CME Group, Inc. | 166 | 13,024 | ||||||
Interactive Brokers Group, Inc. (Class A) (a) | 44 | 1,071 | ||||||
IntercontinentalExchange Group, Inc. (a) | 23 | 5,173 | ||||||
JPMorgan Chase & Co. (a) | 3,164 | 185,031 | ||||||
Leucadia National Corp. | 120 | 3,401 | ||||||
Moody’s Corp. (a) | 33 | 2,589 | ||||||
MSCI, Inc. (Class A) (b) | 18 | 787 | ||||||
The NASDAQ OMX Group, Inc. | 62 | 2,468 | ||||||
568,625 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.7% | ||||||||
AT&T, Inc. | 3,076 | 108,152 | ||||||
Atlantic Tele-Network, Inc. (a) | 10 | 566 | ||||||
Cbeyond, Inc. (b) | 20 | 138 | ||||||
CenturyLink, Inc. (a) | 339 | 10,797 | ||||||
Cincinnati Bell, Inc. (a)(b) | 128 | 456 | ||||||
Frontier Communications Corp. (a) | 1,367 | 6,357 | ||||||
General Communication, Inc. (Class A) (b) | 36 | 401 | ||||||
Lumos Networks Corp. | 4 | 84 | ||||||
tw telecom, Inc. (a)(b) | 50 | 1,523 | ||||||
Verizon Communications, Inc. (a) | 1,546 | 75,970 | ||||||
Windstream Holdings, Inc. (a) | 809 | 6,456 | ||||||
210,900 | ||||||||
ELECTRIC UTILITIES — 2.0% | ||||||||
ALLETE, Inc. | 20 | 998 | ||||||
American Electric Power Co., Inc. (a) | 255 | 11,919 | ||||||
Cleco Corp. | 26 | 1,212 | ||||||
Duke Energy Corp. | 265 | 18,288 | ||||||
Edison International (a) | 176 | 8,149 | ||||||
El Paso Electric Co. | 18 | 632 | ||||||
Entergy Corp. (a) | 244 | 15,438 | ||||||
Exelon Corp. (a) | 721 | 19,748 | ||||||
FirstEnergy Corp. (a) | 245 | 8,080 | ||||||
Great Plains Energy, Inc. (a) | 100 | 2,424 | ||||||
Hawaiian Electric Industries, Inc. (a) | 58 | 1,511 | ||||||
IDACORP, Inc. (a) | 28 | 1,452 | ||||||
NextEra Energy, Inc. (a) | 173 | 14,812 | ||||||
Northeast Utilities | 82 | 3,476 | ||||||
OGE Energy Corp. | 88 | 2,983 | ||||||
Pepco Holdings, Inc. | 209 | 3,998 | ||||||
Pinnacle West Capital Corp. | 64 | 3,387 | ||||||
PNM Resources, Inc. (a) | 58 | 1,399 | ||||||
PPL Corp. | 336 | 10,110 | ||||||
Southern Co. | 453 | 18,623 | ||||||
UIL Holdings Corp. (a) | 24 | 930 | ||||||
UNS Energy Corp. | 30 | 1,795 | ||||||
Westar Energy, Inc. (a) | 56 | 1,802 |
See accompanying notes to financial statements.
266
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Xcel Energy, Inc. (a) | 199 | $ | 5,560 | |||||
158,726 | ||||||||
ELECTRICAL EQUIPMENT — 0.6% | ||||||||
Acuity Brands, Inc. (a) | 10 | 1,093 | ||||||
AMETEK, Inc. (a) | 30 | 1,580 | ||||||
AZZ, Inc. (a) | 8 | 391 | ||||||
Brady Corp. (Class A) | 20 | 619 | ||||||
Eaton Corp. PLC | 111 | 8,449 | ||||||
Emerson Electric Co. (a) | 266 | 18,668 | ||||||
Encore Wire Corp. (a) | 8 | 434 | ||||||
EnerSys (a) | 22 | 1,542 | ||||||
Franklin Electric Co., Inc. (a) | 16 | 714 | ||||||
General Cable Corp. (a) | 54 | 1,588 | ||||||
Hubbell, Inc. (Class B) | 18 | 1,960 | ||||||
II-VI, Inc. (b) | 16 | 282 | ||||||
Powell Industries, Inc. (a) | 6 | 402 | ||||||
Regal-Beloit Corp. | 16 | 1,179 | ||||||
Rockwell Automation, Inc. (a) | 36 | 4,254 | ||||||
Roper Industries, Inc. (a) | 12 | 1,664 | ||||||
Vicor Corp. (b) | 22 | 295 | ||||||
45,114 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.0% | ||||||||
Agilysys, Inc. (a)(b) | 10 | 139 | ||||||
Amphenol Corp. (Class A) | 19 | 1,694 | ||||||
Anixter International, Inc. (a) | 16 | 1,437 | ||||||
Arrow Electronics, Inc. (a)(b) | 145 | 7,866 | ||||||
Avnet, Inc. | 188 | 8,293 | ||||||
Badger Meter, Inc. (a) | 4 | 218 | ||||||
Belden, Inc. (a) | 16 | 1,127 | ||||||
Benchmark Electronics, Inc. (b) | 40 | 923 | ||||||
Checkpoint Systems, Inc. (b) | 26 | 410 | ||||||
Cognex Corp. (a)(b) | 12 | 458 | ||||||
Corning, Inc. | 834 | 14,862 | ||||||
CTS Corp. | 16 | 319 | ||||||
Daktronics, Inc. | 20 | 314 | ||||||
DTS, Inc. (a)(b) | 4 | 96 | ||||||
Electro Scientific Industries, Inc. | 8 | 84 | ||||||
FARO Technologies, Inc. (b) | 2 | 117 | ||||||
FEI Co. | 10 | 894 | ||||||
FLIR Systems, Inc. | 38 | 1,144 | ||||||
Ingram Micro, Inc. (Class A) (b) | 209 | 4,903 | ||||||
Insight Enterprises, Inc. (b) | 48 | 1,090 | ||||||
Itron, Inc. (b) | 18 | 746 | ||||||
Jabil Circuit, Inc. (a) | 252 | 4,395 | ||||||
Littelfuse, Inc. (a) | 6 | 558 | ||||||
Measurement Specialties, Inc. (a)(b) | 6 | 364 | ||||||
Mercury Computer Systems, Inc. (b) | 12 | 131 | ||||||
Methode Electronics, Inc. (Class A) | 18 | 615 | ||||||
Mettler-Toledo International, Inc. (b) | 6 | 1,456 | ||||||
MTS Systems Corp. (a) | 4 | 285 | ||||||
National Instruments Corp. | 24 | 768 | ||||||
Newport Corp. (b) | 16 | 289 | ||||||
OSI Systems, Inc. (a)(b) | 6 | 319 | ||||||
Park Electrochemical Corp. | 6 | 172 | ||||||
Plexus Corp. (a)(b) | 18 | 779 | ||||||
Rofin-Sinar Technologies, Inc. (b) | 12 | 324 | ||||||
Rogers Corp. (a)(b) | 6 | 369 | ||||||
Scansource, Inc. (a)(b) | 16 | 679 | ||||||
SYNNEX Corp. (a)(b) | 28 | 1,887 | ||||||
TE Connectivity, Ltd. | 178 | 9,810 | ||||||
Tech Data Corp. (b) | 42 | 2,167 | ||||||
Trimble Navigation, Ltd. (a)(b) | 52 | 1,804 | ||||||
TTM Technologies, Inc. (a)(b) | 38 | 326 | ||||||
Vishay Intertechnology, Inc. (a)(b) | 96 | 1,273 | ||||||
75,904 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.4% | ||||||||
Atwood Oceanics, Inc. (a)(b) | 26 | 1,388 | ||||||
Baker Hughes, Inc. | 177 | 9,781 | ||||||
Basic Energy Services, Inc. (a)(b) | 20 | 316 | ||||||
Bristow Group, Inc. (a) | 14 | 1,051 | ||||||
Cameron International Corp. (a)(b) | 55 | 3,274 | ||||||
CARBO Ceramics, Inc. (a) | 4 | 466 | ||||||
Diamond Offshore Drilling, Inc. | 59 | 3,358 | ||||||
Dresser-Rand Group, Inc. (a)(b) | 24 | 1,431 | ||||||
Dril-Quip, Inc. (a)(b) | 10 | 1,099 | ||||||
Ensco PLC (Class A) (a) | 96 | 5,489 | ||||||
Era Group, Inc. (a)(b) | 12 | 370 | ||||||
Exterran Holdings, Inc. (a)(b) | 41 | 1,402 | ||||||
FMC Technologies, Inc. (b) | 48 | 2,506 | ||||||
Geospace Technologies Corp. (a)(b) | 2 | 190 | ||||||
Gulf Island Fabrication, Inc. | 6 | 139 | ||||||
Halliburton Co. | 266 | 13,500 | ||||||
Helix Energy Solutions Group, Inc. (a)(b) | 52 | 1,205 | ||||||
Helmerich & Payne, Inc. | 36 | 3,027 | ||||||
Hornbeck Offshore Services, Inc. (a)(b) | 10 | 492 | ||||||
ION Geophysical Corp. (a)(b) | 46 | 152 | ||||||
Matrix Service Co. (b) | 14 | 343 | ||||||
Nabors Industries, Ltd. (a) | 194 | 3,296 | ||||||
National Oilwell Varco, Inc. | 133 | 10,578 | ||||||
Noble Corp. PLC (a) | 104 | 3,897 | ||||||
Oceaneering International, Inc. | 22 | 1,735 | ||||||
Oil States International, Inc. (a)(b) | 20 | 2,035 | ||||||
Patterson-UTI Energy, Inc. (a) | 67 | 1,697 | ||||||
Pioneer Energy Services Corp. (a)(b) | 36 | 288 | ||||||
Rowan Cos. PLC (b) | 54 | 1,910 | ||||||
Schlumberger, Ltd. | 294 | 26,492 | ||||||
SEACOR Holdings, Inc. (a)(b) | 12 | 1,094 | ||||||
Superior Energy Services, Inc. (b) | 92 | 2,448 | ||||||
Tetra Technologies, Inc. (a)(b) | 42 | 519 | ||||||
Tidewater, Inc. (a) | 22 | 1,304 | ||||||
Unit Corp. (b) | 32 | 1,652 | ||||||
109,924 | ||||||||
FOOD & STAPLES RETAILING — 4.1% | ||||||||
Casey’s General Stores, Inc. | 20 | 1,405 | ||||||
Costco Wholesale Corp. | 180 | 21,422 | ||||||
CVS Caremark Corp. | 617 | 44,159 | ||||||
Harris Teeter Supermarkets, Inc. (a) | 26 | 1,283 | ||||||
Safeway, Inc. (a) | 328 | 10,683 | ||||||
Spartan Stores, Inc. | 40 | 971 | ||||||
SUPERVALU, Inc. (a)(b) | 232 | 1,691 | ||||||
Sysco Corp. (a) | 308 | 11,119 | ||||||
The Andersons, Inc. | 18 | 1,605 | ||||||
The Kroger Co. | 710 | 28,066 | ||||||
United Natural Foods, Inc. (a)(b) | 20 | 1,508 |
See accompanying notes to financial statements.
267
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Wal-Mart Stores, Inc. | 2,212 | $ | 174,062 | |||||
Walgreen Co. | 468 | 26,882 | ||||||
Whole Foods Market, Inc. | 59 | 3,412 | ||||||
328,268 | ||||||||
FOOD PRODUCTS — 2.0% | ||||||||
Archer-Daniels-Midland Co. (a) | 896 | 38,886 | ||||||
B&G Foods, Inc. (a) | 18 | 610 | ||||||
Cal-Maine Foods, Inc. (a) | 16 | 964 | ||||||
Calavo Growers, Inc. | 4 | 121 | ||||||
Campbell Soup Co. (a) | 105 | 4,544 | ||||||
ConAgra Foods, Inc. (a) | 171 | 5,763 | ||||||
Darling International, Inc. (b) | 38 | 793 | ||||||
Dean Foods Co. (b) | 78 | 1,341 | ||||||
Diamond Foods, Inc. (a)(b) | 10 | 258 | ||||||
Flowers Foods, Inc. | 45 | 966 | ||||||
General Mills, Inc. (a) | 201 | 10,032 | ||||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 26 | 1,965 | ||||||
Hain Celestial Group, Inc. (a)(b) | 12 | 1,089 | ||||||
Hillshire Brands Co. (a) | 104 | 3,478 | ||||||
Hormel Foods Corp. (a) | 71 | 3,207 | ||||||
Ingredion, Inc. (a) | 30 | 2,054 | ||||||
J&J Snack Foods Corp. | 6 | 532 | ||||||
Kellogg Co. (a) | 134 | 8,183 | ||||||
Kraft Foods Group, Inc. | 155 | 8,358 | ||||||
Lancaster Colony Corp. (a) | 8 | 705 | ||||||
McCormick & Co., Inc. (a) | 27 | 1,861 | ||||||
Mead Johnson Nutrition Co. | 22 | 1,843 | ||||||
Mondelez International, Inc. (Class A) (a) | 938 | 33,111 | ||||||
Post Holdings, Inc. (a)(b) | 10 | 493 | ||||||
Sanderson Farms, Inc. (a) | 10 | 723 | ||||||
Seneca Foods Corp. (Class A) (a)(b) | 8 | 255 | ||||||
Snyders-Lance, Inc. (a) | 20 | 574 | ||||||
The Hershey Co. (a) | 35 | 3,403 | ||||||
The J.M. Smucker Co. | 30 | 3,109 | ||||||
Tootsie Roll Industries, Inc. | 14 | 456 | ||||||
TreeHouse Foods, Inc. (a)(b) | 14 | 965 | ||||||
Tyson Foods, Inc. (Class A) (a) | 365 | 12,213 | ||||||
WhiteWave Foods Co. (Class A) (a)(b) | 123 | 2,822 | ||||||
155,677 | ||||||||
GAS UTILITIES — 0.3% | ||||||||
AGL Resources, Inc. | 69 | 3,259 | ||||||
Atmos Energy Corp. (a) | 66 | 2,998 | ||||||
National Fuel Gas Co. (a) | 36 | 2,570 | ||||||
New Jersey Resources Corp. (a) | 22 | 1,017 | ||||||
Northwest Natural Gas Co. (a) | 14 | 599 | ||||||
ONEOK, Inc. | 84 | 5,223 | ||||||
Piedmont Natural Gas Co., Inc. | 34 | 1,127 | ||||||
Questar Corp. (a) | 71 | 1,632 | ||||||
South Jersey Industries, Inc. | 12 | 672 | ||||||
Southwest Gas Corp. (a) | 24 | 1,342 | ||||||
The Laclede Group, Inc. | 16 | 729 | ||||||
UGI Corp. | 82 | 3,400 | ||||||
WGL Holdings, Inc. | 30 | 1,202 | ||||||
25,770 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.7% | ||||||||
Abaxis, Inc. (a)(b) | 4 | 160 | ||||||
Abbott Laboratories | 899 | 34,459 | ||||||
Align Technology, Inc. (b) | 16 | 914 | ||||||
Analogic Corp. | 4 | 354 | ||||||
Baxter International, Inc. | 128 | 8,902 | ||||||
Becton, Dickinson and Co. | 54 | 5,967 | ||||||
Boston Scientific Corp. (b) | 707 | 8,498 | ||||||
C.R. Bard, Inc. | 20 | 2,679 | ||||||
Cantel Medical Corp. (a) | 9 | 305 | ||||||
CareFusion Corp. (b) | 74 | 2,947 | ||||||
CONMED Corp. | 12 | 510 | ||||||
Covidien PLC | 111 | 7,559 | ||||||
CryoLife, Inc. | 12 | 133 | ||||||
Cyberonics, Inc. (a)(b) | 6 | 393 | ||||||
DENTSPLY International, Inc. | 36 | 1,745 | ||||||
Edwards Lifesciences Corp. (b) | 24 | 1,578 | ||||||
Greatbatch, Inc. (b) | 12 | 531 | ||||||
Haemonetics Corp. (b) | 16 | 674 | ||||||
Hill-Rom Holdings, Inc. (a) | 22 | 910 | ||||||
Hologic, Inc. (a)(b) | 76 | 1,699 | ||||||
ICU Medical, Inc. (a)(b) | 4 | 255 | ||||||
IDEXX Laboratories, Inc. (b) | 12 | 1,277 | ||||||
Integra LifeSciences Holdings Corp. (b) | 10 | 477 | ||||||
Intuitive Surgical, Inc. (b) | 6 | 2,305 | ||||||
Invacare Corp. (a) | 32 | 743 | ||||||
Masimo Corp. (b) | 8 | 234 | ||||||
Medtronic, Inc. | 371 | 21,292 | ||||||
Meridian Bioscience, Inc. (a) | 12 | 318 | ||||||
Merit Medical Systems, Inc. (a)(b) | 14 | 220 | ||||||
Natus Medical, Inc. (b) | 10 | 225 | ||||||
Neogen Corp. (a)(b) | 6 | 274 | ||||||
NuVasive, Inc. (a)(b) | 16 | 517 | ||||||
ResMed, Inc. (a) | 18 | 847 | ||||||
St. Jude Medical, Inc. | 106 | 6,567 | ||||||
STERIS Corp. (a) | 22 | 1,057 | ||||||
Stryker Corp. (a) | 80 | 6,011 | ||||||
SurModics, Inc. (b) | 4 | 98 | ||||||
Symmetry Medical, Inc. (a)(b) | 24 | 242 | ||||||
Teleflex, Inc. (a) | 10 | 939 | ||||||
The Cooper Cos., Inc. | 10 | 1,238 | ||||||
Thoratec Corp. (b) | 14 | 512 | ||||||
Varian Medical Systems, Inc. (b) | 28 | 2,175 | ||||||
West Pharmaceutical Services, Inc. | 24 | 1,177 | ||||||
Zimmer Holdings, Inc. | 40 | 3,728 | ||||||
133,645 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.8% | ||||||||
Aetna, Inc. | 212 | 14,541 | ||||||
Air Methods Corp. (a)(b) | 12 | 700 | ||||||
Almost Family, Inc. (a)(b) | 6 | 194 | ||||||
Amedisys, Inc. (a)(b) | 34 | 497 | ||||||
AmerisourceBergen Corp. (a) | 315 | 22,148 | ||||||
AMN Healthcare Services, Inc. (b) | 30 | 441 | ||||||
AmSurg Corp. (b) | 18 | 827 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 8 | 204 | ||||||
Cardinal Health, Inc. | 467 | 31,200 | ||||||
Centene Corp. (a)(b) | 24 | 1,415 | ||||||
Chemed Corp. (a) | 8 | 613 | ||||||
CIGNA Corp. | 141 | 12,335 |
See accompanying notes to financial statements.
268
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Community Health Systems, Inc. (b) | 126 | $ | 4,948 | |||||
Corvel Corp. (b) | 8 | 374 | ||||||
Cross Country Healthcare, Inc. (b) | 34 | 339 | ||||||
DaVita HealthCare Partners, Inc. (b) | 60 | 3,802 | ||||||
Express Scripts Holding Co. (a)(b) | 310 | 21,774 | ||||||
Gentiva Health Services, Inc. (a)(b) | 30 | 372 | ||||||
Hanger, Inc. (a)(b) | 16 | 630 | ||||||
Health Management Associates, Inc. (Class A) (a)(b) | 139 | 1,821 | ||||||
Health Net, Inc. (b) | 109 | 3,234 | ||||||
Healthways, Inc. (a)(b) | 36 | 553 | ||||||
Henry Schein, Inc. (b) | 36 | 4,113 | ||||||
HMS Holdings Corp. (a)(b) | 14 | 318 | ||||||
Humana, Inc. (a) | 217 | 22,399 | ||||||
IPC The Hospitalist Co. (a)(b) | 6 | 356 | ||||||
Kindred Healthcare, Inc. (a) | 58 | 1,145 | ||||||
Laboratory Corp. of America Holdings (a)(b) | 34 | 3,107 | ||||||
Landauer, Inc. | 4 | 210 | ||||||
LHC Group, Inc. (b) | 12 | 289 | ||||||
LifePoint Hospitals, Inc. (b) | 36 | 1,902 | ||||||
Magellan Health Services, Inc. (b) | 20 | 1,198 | ||||||
McKesson Corp. | 196 | 31,634 | ||||||
MEDNAX, Inc. (a)(b) | 32 | 1,708 | ||||||
Molina Healthcare, Inc. (a)(b) | 32 | 1,112 | ||||||
MWI Veterinary Supply, Inc. (a)(b) | 4 | 682 | ||||||
Omnicare, Inc. (a) | 54 | 3,260 | ||||||
Owens & Minor, Inc. (a) | 87 | 3,181 | ||||||
Patterson Cos., Inc. | 38 | 1,566 | ||||||
PharMerica Corp. (a)(b) | 32 | 688 | ||||||
Quest Diagnostics, Inc. (a) | 56 | 2,998 | ||||||
Tenet Healthcare Corp. (b) | 56 | 2,359 | ||||||
The Ensign Group, Inc. (a) | 10 | 443 | ||||||
UnitedHealth Group, Inc. | 630 | 47,439 | ||||||
Universal Health Services, Inc. (Class B) | 42 | 3,413 | ||||||
VCA Antech, Inc. (b) | 34 | 1,066 | ||||||
WellCare Health Plans, Inc. (a)(b) | 20 | 1,408 | ||||||
WellPoint, Inc. | 402 | 37,141 | ||||||
298,097 | ||||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||||
Allscripts Healthcare Solutions, Inc. (a)(b) | 44 | 680 | ||||||
Cerner Corp. (b) | 46 | 2,564 | ||||||
Computer Programs and Systems, Inc. | 2 | 124 | ||||||
Medidata Solutions, Inc. (a)(b) | 8 | 485 | ||||||
Omnicell, Inc. (b) | 10 | 255 | ||||||
4,108 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.4% | ||||||||
Bally Technologies, Inc. (a)(b) | 12 | 941 | ||||||
BJ’s Restaurants, Inc. (a)(b) | 6 | 186 | ||||||
Bob Evans Farms, Inc. (a) | 16 | 810 | ||||||
Boyd Gaming Corp. (a)(b) | 62 | 698 | ||||||
Brinker International, Inc. | 36 | 1,668 | ||||||
Buffalo Wild Wings, Inc. (a)(b) | 4 | 589 | ||||||
Carnival Corp. (a) | 608 | 24,423 | ||||||
CEC Entertainment, Inc. | 8 | 354 | ||||||
Chipotle Mexican Grill, Inc. (a)(b) | 6 | 3,197 | ||||||
Cracker Barrel Old Country Store, Inc. (a) | 12 | 1,321 | ||||||
Darden Restaurants, Inc. (a) | 62 | 3,371 | ||||||
DineEquity, Inc. (a) | 6 | 501 | ||||||
International Game Technology (a) | 88 | 1,598 | ||||||
International Speedway Corp. (Class A) (a) | 18 | 639 | ||||||
Interval Leisure Group, Inc. | 16 | 494 | ||||||
Jack in the Box, Inc. (a)(b) | 26 | 1,301 | ||||||
Life Time Fitness, Inc. (a)(b) | 14 | 658 | ||||||
Marcus Corp. | 22 | 296 | ||||||
Marriott International, Inc. (Class A) (a) | 60 | 2,962 | ||||||
Marriott Vacations Worldwide Corp. (b) | 20 | 1,055 | ||||||
McDonald’s Corp. | 261 | 25,325 | ||||||
Monarch Casino & Resort, Inc. (a)(b) | 6 | 121 | ||||||
Multimedia Games Holding Co., Inc. (b) | 12 | 376 | ||||||
Panera Bread Co. (Class A) (b) | 6 | 1,060 | ||||||
Papa John’s International, Inc. (a) | 20 | 908 | ||||||
Pinnacle Entertainment, Inc. (a)(b) | 34 | 884 | ||||||
Red Robin Gourmet Burgers, Inc. (a)(b) | 10 | 735 | ||||||
Ruby Tuesday, Inc. (a)(b) | 40 | 277 | ||||||
Ruth’s Hospitality Group, Inc. | 16 | 227 | ||||||
Scientific Games Corp. (Class A) (a)(b) | 34 | 576 | ||||||
Sonic Corp. (b) | 26 | 525 | ||||||
Starbucks Corp. (a) | 91 | 7,134 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 44 | 3,496 | ||||||
Texas Roadhouse, Inc. (a) | 24 | 667 | ||||||
The Cheesecake Factory, Inc. | 20 | 965 | ||||||
The Wendy’s Co. (a) | 182 | 1,587 | ||||||
Wyndham Worldwide Corp. (a) | 32 | 2,358 | ||||||
Wynn Resorts, Ltd. (a) | 46 | 8,934 | ||||||
Yum! Brands, Inc. (a) | 94 | 7,107 | ||||||
110,324 | ||||||||
HOUSEHOLD DURABLES — 0.5% | ||||||||
Blyth, Inc. (a) | 8 | 87 | ||||||
D.R. Horton, Inc. (a)(b) | 73 | 1,629 | ||||||
Ethan Allen Interiors, Inc. (a) | 10 | 304 | ||||||
Garmin, Ltd. (a) | 175 | 8,089 | ||||||
Harman International Industries, Inc. (a) | 24 | 1,964 | ||||||
Helen of Troy, Ltd. (a)(b) | 16 | 792 | ||||||
iRobot Corp. (a)(b) | 8 | 278 | ||||||
Jarden Corp. (a)(b) | 42 | 2,577 | ||||||
KB Home (a) | 14 | 256 | ||||||
La-Z-Boy, Inc. | 22 | 682 | ||||||
Leggett & Platt, Inc. (a) | 58 | 1,795 | ||||||
Lennar Corp. (Class A) (a) | 28 | 1,108 | ||||||
M.D.C. Holdings, Inc. (a)(b) | 22 | 709 | ||||||
M/I Homes, Inc. (a)(b) | 12 | 305 | ||||||
Meritage Homes Corp. (b) | 12 | 576 | ||||||
Mohawk Industries, Inc. (b) | 22 | 3,276 | ||||||
Newell Rubbermaid, Inc. | 75 | 2,431 | ||||||
NVR, Inc. (b) | 1 | 1,026 | ||||||
Pulte Group, Inc. | 58 | 1,181 | ||||||
Standard Pacific Corp. (a)(b) | 80 | 724 | ||||||
The Ryland Group, Inc. (a) | 18 | 781 | ||||||
Toll Brothers, Inc. (a)(b) | 50 | 1,850 | ||||||
Tupperware Brands Corp. | 9 | 851 | ||||||
Universal Electronics, Inc. (a)(b) | 8 | 305 |
See accompanying notes to financial statements.
269
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Whirlpool Corp. | 43 | $ | 6,745 | |||||
40,321 | ||||||||
HOUSEHOLD PRODUCTS — 1.2% | ||||||||
Central Garden & Pet Co. (Class A) (a)(b) | 44 | 297 | ||||||
Church & Dwight Co., Inc. | 20 | 1,326 | ||||||
Colgate-Palmolive Co. | 184 | 11,999 | ||||||
Energizer Holdings, Inc. (a) | 16 | 1,732 | ||||||
Kimberly-Clark Corp. | 120 | 12,535 | ||||||
The Clorox Co. (a) | 31 | 2,875 | ||||||
The Procter & Gamble Co. | 754 | 61,383 | ||||||
WD-40 Co. | 4 | 299 | ||||||
92,446 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2% | ||||||||
NRG Energy, Inc. | 175 | 5,026 | ||||||
The AES Corp. | 522 | 7,574 | ||||||
12,600 | ||||||||
INDUSTRIAL CONGLOMERATES — 2.0% | ||||||||
3M Co. | 197 | 27,629 | ||||||
Carlisle Cos., Inc. | 14 | 1,112 | ||||||
Danaher Corp. (a) | 136 | 10,499 | ||||||
General Electric Co. | 4,176 | 117,053 | ||||||
156,293 | ||||||||
INSURANCE — 6.6% | ||||||||
ACE, Ltd. | 182 | 18,842 | ||||||
Aflac, Inc. | 641 | 42,819 | ||||||
Alleghany Corp. (b) | 6 | 2,400 | ||||||
American Financial Group, Inc. | 63 | 3,636 | ||||||
American International Group, Inc. | 2,011 | 102,662 | ||||||
AMERISAFE, Inc. | 8 | 338 | ||||||
Aon PLC | 73 | 6,124 | ||||||
Arthur J. Gallagher & Co. | 42 | 1,971 | ||||||
Aspen Insurance Holdings, Ltd. | 41 | 1,694 | ||||||
Assurant, Inc. (a) | 96 | 6,372 | ||||||
Brown & Brown, Inc. | 44 | 1,381 | ||||||
Cincinnati Financial Corp. (a) | 86 | 4,504 | ||||||
eHealth, Inc. (a)(b) | 6 | 279 | ||||||
Employers Holdings, Inc. (a) | 16 | 506 | ||||||
Everest Re Group, Ltd. (a) | 27 | 4,208 | ||||||
Fidelity National Financial, Inc. (Class A) (a) | 124 | 4,024 | ||||||
First American Financial Corp. | 70 | 1,974 | ||||||
Genworth Financial, Inc. (Class A) (b) | 675 | 10,483 | ||||||
Hartford Financial Services Group, Inc. (a) | 624 | 22,608 | ||||||
HCC Insurance Holdings, Inc. (a) | 60 | 2,768 | ||||||
Horace Mann Educators Corp. (a) | 28 | 883 | ||||||
Infinity Property & Casualty Corp. | 8 | 574 | ||||||
Kemper Corp. (a) | 40 | 1,635 | ||||||
Lincoln National Corp. (a) | 217 | 11,202 | ||||||
Loews Corp. | 261 | 12,591 | ||||||
Marsh & McLennan Cos., Inc. (a) | 143 | 6,915 | ||||||
Meadowbrook Insurance Group, Inc. (a) | 50 | 348 | ||||||
Mercury General Corp. (a) | 40 | 1,988 | ||||||
MetLife, Inc. | 1,531 | 82,551 | ||||||
Old Republic International Corp. | 176 | 3,040 | ||||||
Primerica, Inc. | 63 | 2,703 | ||||||
Principal Financial Group, Inc. | 232 | 11,440 | ||||||
ProAssurance Corp. | 20 | 970 | ||||||
Protective Life Corp. | 107 | 5,421 | ||||||
Prudential Financial, Inc. | 631 | 58,191 | ||||||
Reinsurance Group of America, Inc. (a) | 101 | 7,818 | ||||||
RLI Corp. (a) | 8 | 779 | ||||||
Safety Insurance Group, Inc. (a) | 10 | 563 | ||||||
Selective Insurance Group, Inc. | 40 | 1,082 | ||||||
StanCorp Financial Group, Inc. (a) | 32 | 2,120 | ||||||
Stewart Information Services Corp. (a) | 20 | 645 | ||||||
The Allstate Corp. (a) | 262 | 14,289 | ||||||
The Chubb Corp. (a) | 106 | 10,243 | ||||||
The Hanover Insurance Group, Inc. (a) | 32 | 1,911 | ||||||
The Navigators Group, Inc. (b) | 12 | 758 | ||||||
The Progressive Corp. | 290 | 7,908 | ||||||
The Travelers Cos., Inc. (a) | 187 | 16,931 | ||||||
Torchmark Corp. | 52 | 4,064 | ||||||
Tower Group International, Ltd. (a) | 29 | 98 | ||||||
United Fire Group, Inc. | 24 | 688 | ||||||
Unum Group (a) | 227 | 7,963 | ||||||
W.R. Berkley Corp. | 58 | 2,517 | ||||||
XL Group PLC | 135 | 4,298 | ||||||
524,720 | ||||||||
INTERNET & CATALOG RETAIL — 0.5% | ||||||||
Amazon.com, Inc. (b) | 63 | 25,124 | ||||||
Blue Nile, Inc. (a)(b) | 4 | 188 | ||||||
Expedia, Inc. (a) | 38 | 2,647 | ||||||
FTD Cos., Inc. (b) | 19 | 619 | ||||||
HSN, Inc. (a) | 18 | 1,121 | ||||||
Netflix, Inc. (b) | 7 | 2,577 | ||||||
NutriSystem, Inc. (a) | 20 | 329 | ||||||
PetMed Express, Inc. (a) | 10 | 166 | ||||||
Priceline.com, Inc. (b) | 6 | 6,975 | ||||||
TripAdvisor, Inc. (b) | 13 | 1,077 | ||||||
40,823 | ||||||||
INTERNET SOFTWARE & SERVICES — 1.4% | ||||||||
Akamai Technologies, Inc. (a)(b) | 46 | 2,170 | ||||||
AOL, Inc. (a)(b) | 58 | 2,704 | ||||||
Blucora, Inc. (a)(b) | 14 | 408 | ||||||
comScore, Inc. (b) | 6 | 172 | ||||||
Dealertrack Technologies, Inc. (a)(b) | 10 | 481 | ||||||
Digital River, Inc. (a)(b) | 18 | 333 | ||||||
eBay, Inc. (a)(b) | 258 | 14,162 | ||||||
Equinix, Inc. (b) | 10 | 1,775 | ||||||
Google, Inc. (Class A) (b) | 62 | 69,484 | ||||||
j2 Global, Inc. (a) | 12 | 600 | ||||||
Liquidity Services, Inc. (a)(b) | 4 | 91 | ||||||
LivePerson, Inc. (a)(b) | 8 | 119 | ||||||
LogMeIn, Inc. (a)(b) | 4 | 134 | ||||||
Monster Worldwide, Inc. (a)(b) | 56 | 399 | ||||||
Perficient, Inc. (a)(b) | 10 | 234 | ||||||
Rackspace Hosting, Inc. (a)(b) | 16 | 626 | ||||||
Stamps.com, Inc. (a)(b) | 4 | 168 | ||||||
ValueClick, Inc. (a)(b) | 22 | 514 | ||||||
VeriSign, Inc. (a)(b) | 18 | 1,076 | ||||||
XO Group, Inc. (b) | 8 | 119 |
See accompanying notes to financial statements.
270
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Yahoo!, Inc. (b) | 364 | $ | 14,720 | |||||
110,489 | ||||||||
IT SERVICES — 2.0% | ||||||||
Accenture PLC (Class A) | 143 | 11,757 | ||||||
Acxiom Corp. (a)(b) | 30 | 1,109 | ||||||
Alliance Data Systems Corp. (a)(b) | 11 | 2,892 | ||||||
Automatic Data Processing, Inc. | 120 | 9,697 | ||||||
Broadridge Financial Solutions, Inc. | 48 | 1,897 | ||||||
CACI International, Inc. (Class A) (a)(b) | 32 | 2,343 | ||||||
Cardtronics, Inc. (b) | 12 | 521 | ||||||
CIBER, Inc. (b) | 72 | 298 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a)(b) | 62 | 6,261 | ||||||
Computer Sciences Corp. | 90 | 5,029 | ||||||
Convergys Corp. | 74 | 1,558 | ||||||
CoreLogic, Inc. (b) | 30 | 1,066 | ||||||
CSG Systems International, Inc. (a) | 20 | 588 | ||||||
DST Systems, Inc. | 20 | 1,815 | ||||||
Fidelity National Information Services, Inc. | 91 | 4,885 | ||||||
Fiserv, Inc. (b) | 70 | 4,134 | ||||||
Forrester Research, Inc. (a) | 4 | 153 | ||||||
Gartner, Inc. (b) | 20 | 1,421 | ||||||
Global Payments, Inc. (a) | 22 | 1,430 | ||||||
Heartland Payment Systems, Inc. (a) | 12 | 598 | ||||||
Higher One Holdings, Inc. (b) | 8 | 78 | ||||||
iGate Corp. (b) | 14 | 562 | ||||||
International Business Machines Corp. | 265 | 49,706 | ||||||
Jack Henry & Associates, Inc. | 22 | 1,303 | ||||||
Leidos Holdings, Inc. (a) | 59 | 2,743 | ||||||
Lender Processing Services, Inc. | 40 | 1,495 | ||||||
ManTech International Corp. (Class A) (a) | 26 | 778 | ||||||
Mastercard, Inc. (Class A) | 13 | 10,861 | ||||||
NeuStar, Inc. (Class A) (a)(b) | 18 | 898 | ||||||
Paychex, Inc. (a) | 90 | 4,098 | ||||||
Science Applications International Corp. | 34 | 1,124 | ||||||
Sykes Enterprises, Inc. (a)(b) | 24 | 523 | ||||||
TeleTech Holdings, Inc. (b) | 24 | 575 | ||||||
Teradata Corp. (a)(b) | 34 | 1,547 | ||||||
The Western Union Co. (a) | 297 | 5,123 | ||||||
Total System Services, Inc. (a) | 56 | 1,864 | ||||||
VeriFone Systems, Inc. (b) | 49 | 1,314 | ||||||
Virtusa Corp. (a)(b) | 8 | 305 | ||||||
Visa, Inc. (Class A) (a) | 63 | 14,029 | ||||||
WEX, Inc. (b) | 8 | 792 | ||||||
159,170 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.1% | ||||||||
Arctic Cat, Inc. (a) | 4 | 228 | ||||||
Brunswick Corp. (a) | 24 | 1,105 | ||||||
Callaway Golf Co. | 46 | 388 | ||||||
Hasbro, Inc. (a) | 56 | 3,081 | ||||||
JAKKS Pacific, Inc. (a) | 12 | 81 | ||||||
Mattel, Inc. (a) | 90 | 4,282 | ||||||
Polaris Industries, Inc. (a) | 14 | 2,039 | ||||||
Sturm Ruger & Co, Inc. | 2 | 146 | ||||||
11,350 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.3% | ||||||||
Affymetrix, Inc. (b) | 34 | 291 | ||||||
Agilent Technologies, Inc. | 77 | 4,404 | ||||||
Bio-Rad Laboratories, Inc. (Class A) (b) | 10 | 1,236 | ||||||
Cambrex Corp. (a)(b) | 12 | 214 | ||||||
Charles River Laboratories International, Inc. (a)(b) | 20 | 1,061 | ||||||
Covance, Inc. (a)(b) | 12 | 1,057 | ||||||
Life Technologies Corp. (b) | 45 | 3,411 | ||||||
PAREXEL International Corp. (b) | 20 | 904 | ||||||
PerkinElmer, Inc. (a) | 19 | 783 | ||||||
Techne Corp. (a) | 8 | 757 | ||||||
Thermo Fisher Scientific, Inc. (a) | 88 | 9,799 | ||||||
Waters Corp. (b) | 20 | 2,000 | ||||||
25,917 | ||||||||
MACHINERY — 2.0% | ||||||||
Actuant Corp. (Class A) (a) | 20 | 733 | ||||||
AGCO Corp. | 58 | 3,433 | ||||||
Albany International Corp. (Class A) | 16 | 575 | ||||||
Astec Industries, Inc. (a) | 10 | 386 | ||||||
Barnes Group, Inc. (a) | 20 | 766 | ||||||
Briggs & Stratton Corp. (a) | 34 | 740 | ||||||
Caterpillar, Inc. (a) | 329 | 29,876 | ||||||
CIRCOR International, Inc. | 6 | 485 | ||||||
CLARCOR, Inc. (a) | 12 | 772 | ||||||
Crane Co. | 18 | 1,210 | ||||||
Cummins, Inc. | 66 | 9,304 | ||||||
Deere & Co. (a) | 146 | 13,334 | ||||||
Donaldson Co., Inc. (a) | 28 | 1,217 | ||||||
Dover Corp. | 68 | 6,565 | ||||||
EnPro Industries, Inc. (b) | 10 | 576 | ||||||
ESCO Technologies, Inc. | 8 | 274 | ||||||
Federal Signal Corp. (b) | 36 | 527 | ||||||
Flowserve Corp. | 33 | 2,601 | ||||||
Graco, Inc. | 12 | 937 | ||||||
Harsco Corp. (a) | 58 | 1,626 | ||||||
IDEX Corp. | 13 | 960 | ||||||
Illinois Tool Works, Inc. (a) | 217 | 18,245 | ||||||
Ingersoll-Rand PLC | 103 | 6,345 | ||||||
ITT Corp. (a) | 124 | 5,384 | ||||||
John Bean Technologies Corp. (a) | 14 | 411 | ||||||
Joy Global, Inc. (a) | 44 | 2,574 | ||||||
Kennametal, Inc. (a) | 26 | 1,354 | ||||||
Lincoln Electric Holdings, Inc. (a) | 24 | 1,712 | ||||||
Lindsay Corp. (a) | 2 | 165 | ||||||
Lydall, Inc. (b) | 10 | 176 | ||||||
Mueller Industries, Inc. (a) | 10 | 630 | ||||||
Nordson Corp. (a) | 12 | 892 | ||||||
Oshkosh Corp. | 47 | 2,368 | ||||||
PACCAR, Inc. (a) | 146 | 8,639 | ||||||
Pall Corp. | 26 | 2,219 | ||||||
Parker Hannifin Corp. | 62 | 7,976 | ||||||
Pentair, Ltd. | 25 | 1,942 | ||||||
Snap-On, Inc. | 13 | 1,424 | ||||||
SPX Corp. | 20 | 1,992 | ||||||
Standex International Corp. | 4 | 252 |
See accompanying notes to financial statements.
271
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Stanley Black & Decker, Inc. (a) | 61 | $ | 4,922 | |||||
Tennant Co. (a) | 6 | 407 | ||||||
Terex Corp. | 40 | 1,680 | ||||||
The Toro Co. (a) | 18 | 1,145 | ||||||
Timken Co. (a) | 36 | 1,983 | ||||||
Trinity Industries, Inc. (a) | 34 | 1,854 | ||||||
Valmont Industries, Inc. (a) | 8 | 1,193 | ||||||
Wabtec Corp. | 9 | 668 | ||||||
Watts Water Technologies, Inc. (Class A) | 14 | 866 | ||||||
Woodward, Inc. (a) | 16 | 730 | ||||||
Xylem, Inc. | 38 | 1,315 | ||||||
158,360 | ||||||||
MARINE — 0.0% (d) | ||||||||
Kirby Corp. (a)(b) | 18 | 1,786 | ||||||
Matson, Inc. (a) | 16 | 418 | ||||||
2,204 | ||||||||
MATERIALS — 0.1% | ||||||||
PPG Industries, Inc. | 44 | 8,345 | ||||||
MEDIA — 2.7% | ||||||||
AMC Networks, Inc. (Class A) (b) | 12 | 817 | ||||||
Cablevision Systems Corp. (Class A) (a) | 304 | 5,451 | ||||||
CBS Corp. | 145 | 9,242 | ||||||
Cinemark Holdings, Inc. (a) | 42 | 1,400 | ||||||
Comcast Corp. (Class A) (a) | 802 | 41,676 | ||||||
Digital Generation, Inc. (a)(b) | 18 | 229 | ||||||
DIRECTV (Class A) (b) | 196 | 13,542 | ||||||
Discovery Communications, Inc. (Series A) (b) | 61 | 5,516 | ||||||
DreamWorks Animation SKG, Inc. (Class A) (a)(b) | 38 | 1,349 | ||||||
Gannett Co., Inc. (a) | 121 | 3,579 | ||||||
Harte-Hanks, Inc. | 48 | 375 | ||||||
John Wiley & Sons, Inc. (Class A) | 20 | 1,104 | ||||||
Lamar Advertising Co. (Class A) (a)(b) | 20 | 1,045 | ||||||
Live Nation Entertainment, Inc. (a)(b) | 102 | 2,015 | ||||||
McGraw Hill Financial, Inc. | 66 | 5,161 | ||||||
Meredith Corp. | 24 | 1,243 | ||||||
News Corp. (Class A) (b) | 130 | 2,343 | ||||||
Omnicom Group, Inc. (a) | 110 | 8,181 | ||||||
Scholastic Corp. | 20 | 680 | ||||||
Scripps Networks Interactive, Inc. (Class A) (a) | 44 | 3,802 | ||||||
The E.W. Scripps Co. (Class A) (a)(b) | 30 | 652 | ||||||
The Interpublic Group of Cos., Inc. | 194 | 3,434 | ||||||
The New York Times Co. (Class A) (a) | 88 | 1,397 | ||||||
The Walt Disney Co. (a) | 423 | 32,317 | ||||||
Time Warner Cable, Inc. | 145 | 19,647 | ||||||
Time Warner, Inc. | 337 | 23,496 | ||||||
Twenty-First Century Fox, Inc. | 521 | 18,329 | ||||||
Valassis Communications, Inc. (a) | 28 | 959 | ||||||
Viacom, Inc. (Class B) | 103 | 8,996 | ||||||
217,977 | ||||||||
METALS & MINING — 1.1% | ||||||||
A.M. Castle & Co. (a)(b) | 18 | 266 | ||||||
AK Steel Holding Corp. (a)(b) | 120 | 984 | ||||||
Alcoa, Inc. (a) | 1,465 | 15,573 | ||||||
Allegheny Technologies, Inc. (a) | 42 | 1,496 | ||||||
AMCOL International Corp. (a) | 12 | 408 | ||||||
Carpenter Technology Corp. | 14 | 871 | ||||||
Century Aluminum Co. (b) | 56 | 586 | ||||||
Cliffs Natural Resources, Inc. (a) | 207 | 5,425 | ||||||
Commercial Metals Co. | 173 | 3,517 | ||||||
Compass Minerals International, Inc. (a) | 10 | 800 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 654 | 24,682 | ||||||
Haynes International, Inc. (a) | 4 | 221 | ||||||
Kaiser Aluminum Corp. (a) | 12 | 843 | ||||||
Materion Corp. | 12 | 370 | ||||||
Newmont Mining Corp. (a) | 259 | 5,965 | ||||||
Nucor Corp. (a) | 172 | 9,181 | ||||||
Olympic Steel, Inc. | 10 | 290 | ||||||
Reliance Steel & Aluminum Co. (a) | 40 | 3,034 | ||||||
RTI International Metals, Inc. (a)(b) | 14 | 479 | ||||||
Steel Dynamics, Inc. (a) | 142 | 2,775 | ||||||
SunCoke Energy, Inc. (a)(b) | 32 | 730 | ||||||
United States Steel Corp. (a) | 205 | 6,047 | ||||||
Worthington Industries, Inc. (a) | 38 | 1,599 | ||||||
86,142 | ||||||||
MULTI-UTILITIES — 1.3% | ||||||||
Alliant Energy Corp. | 60 | 3,096 | ||||||
Ameren Corp. | 142 | 5,135 | ||||||
Avista Corp. (a) | 38 | 1,071 | ||||||
Black Hills Corp. (a) | 26 | 1,365 | ||||||
CenterPoint Energy, Inc. | 225 | 5,216 | ||||||
CMS Energy Corp. (a) | 142 | 3,801 | ||||||
Consolidated Edison, Inc. | 184 | 10,172 | ||||||
Dominion Resources, Inc. (a) | 238 | 15,396 | ||||||
DTE Energy Co. | 91 | 6,041 | ||||||
Integrys Energy Group, Inc. | 40 | 2,176 | ||||||
MDU Resources Group, Inc. | 90 | 2,750 | ||||||
NiSource, Inc. | 180 | 5,918 | ||||||
NorthWestern Corp. (a) | 22 | 953 | ||||||
PG&E Corp. | 276 | 11,117 | ||||||
Public Service Enterprise Group, Inc. (a) | 296 | 9,484 | ||||||
SCANA Corp. | 86 | 4,036 | ||||||
Sempra Energy (a) | 92 | 8,258 | ||||||
TECO Energy, Inc. (a) | 180 | 3,103 | ||||||
Vectren Corp. | 54 | 1,917 | ||||||
Wisconsin Energy Corp. | 96 | 3,969 | ||||||
104,974 | ||||||||
MULTILINE RETAIL — 0.8% | ||||||||
Big Lots, Inc. (a)(b) | 55 | 1,776 | ||||||
Dollar General Corp. (b) | 114 | 6,876 | ||||||
Dollar Tree, Inc. (a)(b) | 45 | 2,539 | ||||||
Family Dollar Stores, Inc. | 50 | 3,249 | ||||||
Fred’s, Inc. (Class A) | 24 | 444 | ||||||
J.C. Penney Co., Inc. (a)(b) | 446 | 4,081 | ||||||
Kohl’s Corp. (a) | 178 | 10,102 | ||||||
Macy’s, Inc. | 188 | 10,039 | ||||||
Nordstrom, Inc. (a) | 83 | 5,129 | ||||||
Target Corp. | 339 | 21,449 | ||||||
Tuesday Morning Corp. (a)(b) | 46 | 734 | ||||||
66,418 | ||||||||
OFFICE ELECTRONICS — 0.3% | ||||||||
Xerox Corp. (a) | 1,606 | 19,545 |
See accompanying notes to financial statements.
272
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Zebra Technologies Corp. (Class A) (b) | 16 | $ | 865 | |||||
20,410 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 10.8% | ||||||||
Alpha Natural Resources, Inc. (a)(b) | 302 | 2,156 | ||||||
Anadarko Petroleum Corp. | 128 | 10,153 | ||||||
Apache Corp. (a) | 231 | 19,852 | ||||||
Approach Resources, Inc. (a)(b) | 8 | 154 | ||||||
Arch Coal, Inc. (a) | 293 | 1,304 | ||||||
Bill Barrett Corp. (a)(b) | 67 | 1,794 | ||||||
Cabot Oil & Gas Corp. | 64 | 2,481 | ||||||
Carrizo Oil & Gas, Inc. (a)(b) | 22 | 985 | ||||||
Chesapeake Energy Corp. (a) | 683 | 18,537 | ||||||
Chevron Corp. (a) | 1,209 | 151,016 | ||||||
Cimarex Energy Co. | 30 | 3,147 | ||||||
Cloud Peak Energy, Inc. (b) | 44 | 792 | ||||||
Comstock Resources, Inc. (a) | 32 | 585 | ||||||
ConocoPhillips | 1,674 | 118,268 | ||||||
CONSOL Energy, Inc. (a) | 90 | 3,424 | ||||||
Contango Oil & Gas Co. (b) | 6 | 284 | ||||||
Denbury Resources, Inc. (a)(b) | 196 | 3,220 | ||||||
Devon Energy Corp. (a) | 318 | 19,675 | ||||||
Energen Corp. | 32 | 2,264 | ||||||
EOG Resources, Inc. | 56 | 9,399 | ||||||
EQT Corp. | 26 | 2,334 | ||||||
Exxon Mobil Corp. (a) | 2,295 | 232,254 | ||||||
Forest Oil Corp. (b) | 86 | 310 | ||||||
Gulfport Energy Corp. (a)(b) | 14 | 884 | ||||||
Hess Corp. | 237 | 19,671 | ||||||
HollyFrontier Corp. (a) | 110 | 5,466 | ||||||
Kinder Morgan, Inc. (a) | 196 | 7,056 | ||||||
Marathon Oil Corp. | 596 | 21,039 | ||||||
Marathon Petroleum Corp. | 187 | 17,153 | ||||||
Murphy Oil Corp. (a) | 153 | 9,927 | ||||||
Newfield Exploration Co. (a)(b) | 185 | 4,557 | ||||||
Noble Energy, Inc. | 80 | 5,449 | ||||||
Northern Oil and Gas, Inc. (a)(b) | 12 | 181 | ||||||
Occidental Petroleum Corp. | 434 | 41,273 | ||||||
PDC Energy, Inc. (a)(b) | 14 | 745 | ||||||
Peabody Energy Corp. (a) | 227 | 4,433 | ||||||
Penn Virginia Corp. (a)(b) | 58 | 547 | ||||||
PetroQuest Energy, Inc. (b) | 30 | 130 | ||||||
Phillips 66 | 374 | 28,847 | ||||||
Pioneer Natural Resources Co. | 26 | 4,786 | ||||||
QEP Resources, Inc. (a) | 42 | 1,287 | ||||||
Range Resources Corp. (a) | 24 | 2,023 | ||||||
Rosetta Resources, Inc. (a)(b) | 16 | 769 | ||||||
SM Energy Co. (a) | 14 | 1,164 | ||||||
Southwestern Energy Co. (a)(b) | 83 | 3,264 | ||||||
Spectra Energy Corp. (a) | 282 | 10,045 | ||||||
Stone Energy Corp. (b) | 68 | 2,352 | ||||||
Swift Energy Co. (a)(b) | 24 | 324 | ||||||
Tesoro Corp. | 116 | 6,786 | ||||||
The Williams Cos., Inc. (a) | 151 | 5,824 | ||||||
Valero Energy Corp. (a) | 734 | 36,994 | ||||||
World Fuel Services Corp. (a) | 103 | 4,445 | ||||||
WPX Energy, Inc. (a)(b) | 106 | 2,160 | ||||||
853,969 | ||||||||
PAPER & FOREST PRODUCTS — 0.3% | ||||||||
Clearwater Paper Corp. (b) | 16 | 840 | ||||||
Deltic Timber Corp. (a) | 2 | 136 | ||||||
Domtar Corp. | 48 | 4,528 | ||||||
International Paper Co. (a) | 236 | 11,571 | ||||||
KapStone Paper and Packaging Corp. (b) | 22 | 1,229 | ||||||
Louisiana-Pacific Corp. (b) | 42 | 778 | ||||||
Neenah Paper, Inc. (a) | 8 | 342 | ||||||
P.H. Glatfelter Co. | 30 | 829 | ||||||
Schweitzer-Mauduit International, Inc. | 10 | 515 | ||||||
Wausau Paper Corp. (a) | 24 | 304 | ||||||
Weyerhaeuser Co. (a) | 93 | 2,936 | ||||||
24,008 | ||||||||
�� | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Avon Products, Inc. | 232 | 3,995 | ||||||
Inter Parfums, Inc. (a) | 12 | 430 | ||||||
Medifast, Inc. (b) | 6 | 157 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 64 | 4,820 | ||||||
9,402 | ||||||||
PHARMACEUTICALS — 3.4% | ||||||||
AbbVie, Inc. | 326 | 17,216 | ||||||
Actavis PLC (b) | 38 | 6,384 | ||||||
Akorn, Inc. (a)(b) | 10 | 246 | ||||||
Allergan, Inc. (a) | 38 | 4,221 | ||||||
Bristol-Myers Squibb Co. (a) | 455 | 24,183 | ||||||
Eli Lilly & Co. | 520 | 26,520 | ||||||
Endo Health Solutions, Inc. (b) | 38 | 2,564 | ||||||
Forest Laboratories, Inc. (b) | 129 | 7,744 | ||||||
Hi-Tech Pharmacal Co., Inc. (b) | 4 | 174 | ||||||
Hospira, Inc. (b) | 60 | 2,477 | ||||||
Johnson & Johnson | 734 | 67,227 | ||||||
Mallinckrodt PLC (a)(b) | 13 | 679 | ||||||
Merck & Co., Inc. | 809 | 40,490 | ||||||
Mylan, Inc. (a)(b) | 103 | 4,470 | ||||||
Perrigo Co. PLC (a) | 14 | 2,148 | ||||||
Pfizer, Inc. | 2,007 | 61,474 | ||||||
Prestige Brands Holdings, Inc. (b) | 16 | 573 | ||||||
Questcor Pharmaceuticals, Inc. (a) | 10 | 545 | ||||||
Salix Pharmaceuticals, Ltd. (a)(b) | 8 | 720 | ||||||
The Medicines Co. (b) | 18 | 695 | ||||||
ViroPharma, Inc. (b) | 22 | 1,097 | ||||||
271,847 | ||||||||
PROFESSIONAL SERVICES — 0.3% | ||||||||
CDI Corp. | 16 | 296 | ||||||
Dun & Bradstreet Corp. (a) | 12 | 1,473 | ||||||
Equifax, Inc. | 30 | 2,073 | ||||||
Exponent, Inc. (a) | 4 | 310 | ||||||
FTI Consulting, Inc. (a)(b) | 20 | 823 | ||||||
Heidrick & Struggles International, Inc. | 8 | 161 | ||||||
Insperity, Inc. | 14 | 506 | ||||||
Kelly Services, Inc. (Class A) | 30 | 748 | ||||||
Korn/Ferry International (b) | 22 | 575 | ||||||
Manpower, Inc. (a) | 105 | 9,015 | ||||||
Navigant Consulting, Inc. (a)(b) | 22 | 422 | ||||||
On Assignment, Inc. (b) | 14 | 489 | ||||||
Resources Connection, Inc. | 14 | 201 | ||||||
Robert Half International, Inc. (a) | 40 | 1,680 |
See accompanying notes to financial statements.
273
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
The Corporate Executive Board Co. | 6 | $ | 464 | |||||
Towers Watson & Co. (Class A) (a) | 22 | 2,807 | ||||||
TrueBlue, Inc. (b) | 18 | 464 | ||||||
22,507 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 1.2% | ||||||||
Acadia Realty Trust | 14 | 348 | ||||||
Alexandria Real Estate Equities, Inc. | 18 | 1,145 | ||||||
American Campus Communities, Inc. | 18 | 580 | ||||||
American Tower Corp. | 48 | 3,831 | ||||||
Apartment Investment & Management Co. (Class A) | 32 | 829 | ||||||
AvalonBay Communities, Inc. (a) | 26 | 3,074 | ||||||
BioMed Realty Trust, Inc. (a) | 50 | 906 | ||||||
Boston Properties, Inc. | 34 | 3,413 | ||||||
BRE Properties, Inc. | 20 | 1,094 | ||||||
Camden Property Trust | 22 | 1,251 | ||||||
Cedar Realty Trust, Inc. | 40 | 250 | ||||||
Corporate Office Properties Trust (a) | 28 | 663 | ||||||
Corrections Corp. of America (a) | 29 | 930 | ||||||
Cousins Properties, Inc. | 34 | 350 | ||||||
DiamondRock Hospitality Co. (a) | 64 | 739 | ||||||
Duke Realty Corp. | 76 | 1,143 | ||||||
EastGroup Properties, Inc. | 8 | 463 | ||||||
EPR Properties (a) | 16 | 787 | ||||||
Equity One, Inc. (a) | 40 | 898 | ||||||
Equity Residential | 75 | 3,890 | ||||||
Essex Property Trust, Inc. | 6 | 861 | ||||||
Extra Space Storage, Inc. (a) | 20 | 843 | ||||||
Federal Realty Investment Trust | 8 | 811 | ||||||
Franklin Street Properties Corp. | 52 | 621 | ||||||
Getty Realty Corp. | 30 | 551 | ||||||
Government Properties Income Trust (a) | 35 | 870 | ||||||
HCP, Inc. | 112 | 4,068 | ||||||
Health Care REIT, Inc. | 54 | 2,893 | ||||||
Healthcare Realty Trust, Inc. | 32 | 682 | ||||||
Highwoods Properties, Inc. (a) | 30 | 1,085 | ||||||
Home Properties, Inc. | 14 | 751 | ||||||
Hospitality Properties Trust | 72 | 1,946 | ||||||
Host Hotels & Resorts, Inc. (a) | 150 | 2,916 | ||||||
Inland Real Estate Corp. (a) | 34 | 358 | ||||||
Kilroy Realty Corp. | 18 | 903 | ||||||
Kimco Realty Corp. (a) | 96 | 1,896 | ||||||
Kite Realty Group Trust (a) | 38 | 250 | ||||||
LaSalle Hotel Properties (a) | 22 | 679 | ||||||
Lexington Realty Trust (a) | 54 | 551 | ||||||
Liberty Property Trust | 52 | 1,761 | ||||||
LTC Properties, Inc. | 12 | 425 | ||||||
Mack-Cali Realty Corp. (a) | 26 | 559 | ||||||
Medical Properties Trust, Inc. (a) | 64 | 782 | ||||||
Mid-America Apartment Communities, Inc. (a) | 17 | 1,033 | ||||||
National Retail Properties, Inc. (a) | 42 | 1,274 | ||||||
OMEGA Healthcare Investors, Inc. | 30 | 894 | ||||||
Parkway Properties, Inc. | 24 | 463 | ||||||
Pennsylvania Real Estate Investment Trust | 26 | 493 | ||||||
Plum Creek Timber Co., Inc. | 33 | 1,535 | ||||||
Post Properties, Inc. (a) | 12 | 543 | ||||||
Potlatch Corp. | 18 | 751 | ||||||
ProLogis (a) | 104 | 3,843 | ||||||
PS Business Parks, Inc. | 8 | 611 | ||||||
Public Storage | 32 | 4,817 | ||||||
Rayonier, Inc. | 28 | 1,179 | ||||||
Realty Income Corp. (a) | 44 | 1,643 | ||||||
Regency Centers Corp. (a) | 28 | 1,296 | ||||||
Saul Centers, Inc. | 6 | 286 | ||||||
Senior Housing Properties Trust | 78 | 1,734 | ||||||
Simon Property Group, Inc. (a) | 38 | 5,782 | ||||||
SL Green Realty Corp. | 24 | 2,217 | ||||||
Sovran Self Storage, Inc. | 10 | 652 | ||||||
Tanger Factory Outlet Centers, Inc. | 14 | 448 | ||||||
Taubman Centers, Inc. | 12 | 767 | ||||||
The Macerich Co. (a) | 34 | 2,002 | ||||||
UDR, Inc. (a) | 56 | 1,308 | ||||||
Universal Health Realty Income Trust | 6 | 240 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 14 | 258 | ||||||
Ventas, Inc. | 66 | 3,781 | ||||||
Vornado Realty Trust | 52 | 4,617 | ||||||
Weingarten Realty Investors | 38 | 1,042 | ||||||
99,155 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (d) | ||||||||
CBRE Group, Inc. (b) | 82 | 2,157 | ||||||
Forestar Group, Inc. (a)(b) | 12 | 255 | ||||||
Jones Lang LaSalle, Inc. | 12 | 1,229 | ||||||
3,641 | ||||||||
ROAD & RAIL — 0.7% | ||||||||
Arkansas Best Corp. | 18 | 606 | ||||||
Con-way, Inc. | 32 | 1,271 | ||||||
CSX Corp. (a) | 414 | 11,911 | ||||||
Genesee & Wyoming, Inc. (Class A) (a)(b) | 8 | 768 | ||||||
Heartland Express, Inc. (a) | 18 | 353 | ||||||
J.B. Hunt Transport Services, Inc. (a) | 19 | 1,469 | ||||||
Kansas City Southern (a) | 13 | 1,610 | ||||||
Knight Transportation, Inc. (a) | 26 | 477 | ||||||
Landstar System, Inc. | 10 | 575 | ||||||
Norfolk Southern Corp. (a) | 128 | 11,882 | ||||||
Old Dominion Freight Line, Inc. (b) | 24 | 1,272 | ||||||
Ryder Systems, Inc. (a) | 38 | 2,804 | ||||||
Union Pacific Corp. | 116 | 19,488 | ||||||
Werner Enterprises, Inc. (a) | 28 | 692 | ||||||
55,178 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.2% | ||||||||
Advanced Energy Industries, Inc. (a)(b) | 16 | 366 | ||||||
Advanced Micro Devices, Inc. (a)(b) | 831 | 3,216 | ||||||
Altera Corp. | 67 | 2,180 | ||||||
Analog Devices, Inc. (a) | 68 | 3,463 | ||||||
Applied Materials, Inc. (a) | 496 | 8,774 | ||||||
Atmel Corp. (a)(b) | 118 | 924 | ||||||
ATMI, Inc. (b) | 10 | 302 | ||||||
Broadcom Corp. (Class A) (a) | 116 | 3,439 | ||||||
Brooks Automation, Inc. (a) | 24 | 252 | ||||||
Cabot Microelectronics Corp. (b) | 8 | 366 | ||||||
CEVA, Inc. (a)(b) | 4 | 61 | ||||||
Cirrus Logic, Inc. (a)(b) | 18 | 368 |
See accompanying notes to financial statements.
274
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Cohu, Inc. | 10 | $ | 105 | |||||
Cree, Inc. (a)(b) | 24 | 1,502 | ||||||
Cypress Semiconductor Corp. (a)(b) | 30 | 315 | ||||||
Diodes, Inc. (b) | 16 | 377 | ||||||
DSP Group, Inc. (b) | 12 | 117 | ||||||
Entropic Communications, Inc. (b) | 30 | 141 | ||||||
Exar Corp. (b) | 12 | 141 | ||||||
Fairchild Semiconductor International, Inc. (a)(b) | 60 | 801 | ||||||
First Solar, Inc. (a)(b) | 91 | 4,972 | ||||||
GT Advanced Technologies, Inc. (a)(b) | 165 | 1,439 | ||||||
Hittite Microwave Corp. (b) | 6 | 370 | ||||||
Integrated Device Technology, Inc. (a)(b) | 56 | 571 | ||||||
Intel Corp. | 3,120 | 80,995 | ||||||
International Rectifier Corp. (a)(b) | 28 | 730 | ||||||
Intersil Corp. (Class A) | 68 | 780 | ||||||
KLA-Tencor Corp. | 65 | 4,190 | ||||||
Kopin Corp. (b) | 20 | 84 | ||||||
Kulicke & Soffa Industries, Inc. (a)(b) | 32 | 426 | ||||||
Lam Research Corp. (a)(b) | 45 | 2,450 | ||||||
Linear Technology Corp. (a) | 62 | 2,824 | ||||||
LSI Corp. (a) | 150 | 1,653 | ||||||
Micrel, Inc. (a) | 20 | 197 | ||||||
Microchip Technology, Inc. (a) | 64 | 2,864 | ||||||
Micron Technology, Inc. (b) | 553 | 12,033 | ||||||
Microsemi Corp. (a)(b) | 24 | 599 | ||||||
MKS Instruments, Inc. | 18 | 539 | ||||||
Monolithic Power Systems, Inc. (a)(b) | 10 | 347 | ||||||
Nanometrics, Inc. (a)(b) | 8 | 152 | ||||||
NVIDIA Corp. | 136 | 2,179 | ||||||
Pericom Semiconductor Corp. (b) | 12 | 106 | ||||||
Power Integrations, Inc. (a) | 6 | 335 | ||||||
RF Micro Devices, Inc. (a)(b) | 106 | 547 | ||||||
Rubicon Technology, Inc. (b) | 10 | 100 | ||||||
Rudolph Technologies, Inc. (b) | 12 | 141 | ||||||
Semtech Corp. (a)(b) | 16 | 404 | ||||||
Sigma Designs, Inc. (b) | 36 | 170 | ||||||
Silicon Laboratories, Inc. (a)(b) | 10 | 433 | ||||||
Skyworks Solutions, Inc. (a)(b) | 48 | 1,371 | ||||||
SunEdison, Inc. (a)(b) | 188 | 2,453 | ||||||
Supertex, Inc. (b) | 4 | 100 | ||||||
Synaptics, Inc. (a)(b) | 10 | 518 | ||||||
Teradyne, Inc. (b) | 72 | 1,269 | ||||||
Tessera Technologies, Inc. (a) | 20 | 394 | ||||||
Texas Instruments, Inc. | 288 | 12,646 | ||||||
TriQuint Semiconductor, Inc. (a)(b) | 72 | 601 | ||||||
Ultratech, Inc. (a)(b) | 6 | 174 | ||||||
Veeco Instruments, Inc. (a)(b) | 22 | 724 | ||||||
Xilinx, Inc. | 74 | 3,398 | ||||||
173,488 | ||||||||
SOFTWARE — 2.5% | ||||||||
ACI Worldwide, Inc. (b) | 8 | 520 | ||||||
Adobe Systems, Inc. (a)(b) | 103 | 6,168 | ||||||
Advent Software, Inc. (a) | 10 | 350 | ||||||
Ansys, Inc. (a)(b) | 18 | 1,570 | ||||||
Autodesk, Inc. (b) | 46 | 2,315 | ||||||
Blackbaud, Inc. | 6 | 226 | ||||||
Bottomline Technologies, Inc. (a)(b) | 6 | 217 | ||||||
CA, Inc. | 195 | 6,562 | ||||||
Cadence Design Systems, Inc. (a)(b) | 62 | 869 | ||||||
Citrix Systems, Inc. (b) | 38 | 2,404 | ||||||
CommVault Systems, Inc. (a)(b) | 6 | 449 | ||||||
Compuware Corp. | 82 | 919 | ||||||
Concur Technologies, Inc. (a)(b) | 6 | 619 | ||||||
Ebix, Inc. (a) | 8 | 118 | ||||||
Electronic Arts, Inc. (a)(b) | 98 | 2,248 | ||||||
EPIQ Systems, Inc. | 14 | 227 | ||||||
FactSet Research Systems, Inc. (a) | 6 | 651 | ||||||
Fair Isaac Corp. (a) | 8 | 503 | ||||||
Informatica Corp. (b) | 16 | 664 | ||||||
Interactive Intelligence Group (b) | 4 | 269 | ||||||
Intuit, Inc. (a) | 42 | 3,205 | ||||||
Manhattan Associates, Inc. (a)(b) | 6 | 705 | ||||||
Mentor Graphics Corp. | 32 | 770 | ||||||
MICROS Systems, Inc. (a)(b) | 18 | 1,033 | ||||||
Microsoft Corp. | 3,096 | 115,883 | ||||||
MicroStrategy, Inc. (a)(b) | 2 | 248 | ||||||
Monotype Imaging Holdings, Inc. | 10 | 319 | ||||||
Netscout Systems, Inc. (a)(b) | 12 | 355 | ||||||
Oracle Corp. (a) | 909 | 34,778 | ||||||
Progress Software Corp. (a)(b) | 20 | 517 | ||||||
PTC, Inc. (b) | 26 | 920 | ||||||
Quality Systems, Inc. (a) | 8 | 168 | ||||||
Red Hat, Inc. (b) | 30 | 1,681 | ||||||
Rovi Corp. (a)(b) | 28 | 551 | ||||||
Salesforce.com, Inc. (a)(b) | 63 | 3,477 | ||||||
Solera Holdings, Inc. | 10 | 708 | ||||||
Symantec Corp. | 214 | 5,046 | ||||||
Synchronoss Technologies, Inc. (b) | 6 | 186 | ||||||
Synopsys, Inc. (b) | 50 | 2,029 | ||||||
Take-Two Interactive Software, Inc. (a)(b) | 24 | 417 | ||||||
TIBCO Software, Inc. (a)(b) | 24 | 540 | ||||||
Tyler Technologies, Inc. (a)(b) | 6 | 613 | ||||||
202,017 | ||||||||
SPECIALTY RETAIL — 2.2% | ||||||||
Aaron’s, Inc. (a) | 26 | 764 | ||||||
Abercrombie & Fitch Co. (Class A) (a) | 28 | 922 | ||||||
Advance Auto Parts, Inc. | 22 | 2,435 | ||||||
Aeropostale, Inc. (a)(b) | 38 | 345 | ||||||
American Eagle Outfitters, Inc. (a) | 80 | 1,152 | ||||||
ANN, Inc. (b) | 20 | 731 | ||||||
Ascena Retail Group, Inc. (a)(b) | 46 | 973 | ||||||
AutoNation, Inc. (a)(b) | 89 | 4,422 | ||||||
AutoZone, Inc. (a)(b) | 9 | 4,301 | ||||||
Barnes & Noble, Inc. (b) | 42 | 628 | ||||||
Bed Bath & Beyond, Inc. (a)(b) | 61 | 4,898 | ||||||
Best Buy Co., Inc. | 364 | 14,516 | ||||||
Big 5 Sporting Goods Corp. (a) | 18 | 357 | ||||||
Brown Shoe Co., Inc. | 44 | 1,238 | ||||||
Cabela’s, Inc. (a)(b) | 19 | 1,267 | ||||||
CarMax, Inc. (a)(b) | 59 | 2,774 | ||||||
Chico’s FAS, Inc. (a) | 52 | 980 | ||||||
Christopher & Banks Corp. (a)(b) | 40 | 342 | ||||||
CST Brands, Inc. (a) | 111 | 4,076 | ||||||
Dick’s Sporting Goods, Inc. | 30 | 1,743 | ||||||
Foot Locker, Inc. (a) | 62 | 2,569 |
See accompanying notes to financial statements.
275
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
GameStop Corp. (Class A) (a) | 102 | $ | 5,025 | |||||
Genesco, Inc. (a)(b) | 10 | 731 | ||||||
Group 1 Automotive, Inc. (a) | 32 | 2,273 | ||||||
Guess?, Inc. (a) | 84 | 2,610 | ||||||
Haverty Furniture Cos., Inc. (a) | 14 | 438 | ||||||
Hibbett Sports, Inc. (a)(b) | 6 | 403 | ||||||
Jos. A. Bank Clothiers, Inc. (a)(b) | 10 | 547 | ||||||
Kirkland’s, Inc. (b) | 8 | 189 | ||||||
L Brands, Inc. | 99 | 6,123 | ||||||
Lithia Motors, Inc. (Class A) (a) | 16 | 1,111 | ||||||
Lowe’s Cos., Inc. (a) | 435 | 21,554 | ||||||
Lumber Liquidators Holdings, Inc. (a)(b) | 8 | 823 | ||||||
MarineMax, Inc. (b) | 26 | 418 | ||||||
Monro Muffler Brake, Inc. (a) | 6 | 338 | ||||||
Murphy USA, Inc. (a)(b) | 38 | 1,579 | ||||||
O’Reilly Automotive, Inc. (b) | 26 | 3,346 | ||||||
Office Depot, Inc. (a)(b) | 562 | 2,973 | ||||||
Outerwall, Inc. (a)(b) | 12 | 807 | ||||||
Pep Boys-Manny, Moe & Jack (a)(b) | 28 | 340 | ||||||
PetSmart, Inc. (a) | 30 | 2,183 | ||||||
Rent-A-Center, Inc. (a) | 28 | 934 | ||||||
Ross Stores, Inc. | 46 | 3,447 | ||||||
Select Comfort Corp. (a)(b) | 12 | 253 | ||||||
Signet Jewelers, Ltd. (a) | 16 | 1,259 | ||||||
Sonic Automotive, Inc. (Class A) (a) | 40 | 979 | ||||||
Stage Stores, Inc. (a) | 34 | 756 | ||||||
Staples, Inc. (a) | 568 | 9,026 | ||||||
Stein Mart, Inc. | 30 | 404 | ||||||
The Buckle, Inc. (a) | 14 | 736 | ||||||
The Cato Corp. (Class A) | 12 | 382 | ||||||
The Children’s Place Retail Stores, Inc. (a)(b) | 12 | 684 | ||||||
The Finish Line, Inc. (Class A) (a) | 20 | 563 | ||||||
The Gap, Inc. (a) | 161 | 6,292 | ||||||
The Home Depot, Inc. (a) | 346 | 28,490 | ||||||
The Men’s Wearhouse, Inc. | 18 | 919 | ||||||
Tiffany & Co. (a) | 26 | 2,412 | ||||||
TJX Cos., Inc. (a) | 150 | 9,560 | ||||||
Tractor Supply Co. (a) | 20 | 1,552 | ||||||
Urban Outfitters, Inc. (a)(b) | 44 | 1,632 | ||||||
Vitamin Shoppe, Inc. (a)(b) | 8 | 416 | ||||||
Williams-Sonoma, Inc. | 30 | 1,748 | ||||||
Zale Corp. (a)(b) | 28 | 442 | ||||||
Zumiez, Inc. (a)(b) | 6 | 156 | ||||||
178,286 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.5% | ||||||||
Carter’s, Inc. (a) | 16 | 1,149 | ||||||
Coach, Inc. (a) | 66 | 3,705 | ||||||
Crocs, Inc. (b) | 24 | 382 | ||||||
Deckers Outdoor Corp. (a)(b) | 12 | 1,014 | ||||||
Fifth & Pacific Cos., Inc. (a)(b) | 30 | 962 | ||||||
Fossil Group, Inc. (b) | 12 | 1,439 | ||||||
Hanesbrands, Inc. | 27 | 1,897 | ||||||
Iconix Brand Group, Inc. (a)(b) | 30 | 1,191 | ||||||
Movado Group, Inc. | 8 | 352 | ||||||
NIKE, Inc. (Class B) | 152 | 11,953 | ||||||
Oxford Industries, Inc. (a) | 4 | 323 | ||||||
Perry Ellis International, Inc. (a)(b) | 12 | 190 | ||||||
PVH Corp. (a) | 12 | 1,632 | ||||||
Quiksilver, Inc. (b) | 29 | 254 | ||||||
Ralph Lauren Corp. (a) | 16 | 2,825 | ||||||
Skechers U.S.A., Inc. (b) | 42 | 1,391 | ||||||
Steven Madden, Ltd. (b) | 14 | 512 | ||||||
Under Armour, Inc. (Class A) (a)(b) | 16 | 1,397 | ||||||
V.F. Corp. (a) | 100 | 6,234 | ||||||
Wolverine World Wide, Inc. (a) | 32 | 1,087 | ||||||
39,889 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.2% | ||||||||
Astoria Financial Corp. (a) | 88 | 1,217 | ||||||
Bank Mutual Corp. | 32 | 224 | ||||||
Brookline Bancorp, Inc. (a) | 28 | 268 | ||||||
Dime Community Bancshares (a) | 18 | 305 | ||||||
Hudson City Bancorp, Inc. | 346 | 3,263 | ||||||
New York Community Bancorp, Inc. (a) | 371 | 6,251 | ||||||
Northwest Bancshares, Inc. | 44 | 650 | ||||||
Oritani Financial Corp. | 12 | 193 | ||||||
People’s United Financial, Inc. (a) | 190 | 2,873 | ||||||
Provident Financial Services, Inc. | 32 | 618 | ||||||
TrustCo Bank Corp. NY (a) | 50 | 359 | ||||||
Washington Federal, Inc. | 48 | 1,118 | ||||||
17,339 | ||||||||
TOBACCO — 1.0% | ||||||||
Alliance One International, Inc. (b) | 90 | 275 | ||||||
Altria Group, Inc. | 559 | 21,460 | ||||||
Lorillard, Inc. | 161 | 8,159 | ||||||
Philip Morris International, Inc. | 374 | 32,587 | ||||||
Reynolds American, Inc. | 271 | 13,547 | ||||||
Universal Corp. | 26 | 1,420 | ||||||
77,448 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.1% | ||||||||
Applied Industrial Technologies, Inc. | 16 | 785 | ||||||
Fastenal Co. (a) | 42 | 1,995 | ||||||
GATX Corp. | 4 | 209 | ||||||
Kaman Corp. (a) | 10 | 397 | ||||||
MSC Industrial Direct Co., Inc. (Class A) (a) | 12 | 970 | ||||||
United Rentals, Inc. (a)(b) | 22 | 1,715 | ||||||
W.W. Grainger, Inc. | 13 | 3,321 | ||||||
Watsco, Inc. | 14 | 1,345 | ||||||
10,737 | ||||||||
WATER UTILITIES — 0.0% (d) | ||||||||
American States Water Co. | 16 | 460 | ||||||
Aqua America, Inc. | 60 | 1,415 | ||||||
1,875 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.1% | ||||||||
Crown Castle International Corp. (b) | 44 | 3,231 | ||||||
NTELOS Holdings Corp. | 16 | 324 | ||||||
Telephone & Data Systems, Inc. | 139 | 3,583 | ||||||
USA Mobility, Inc. (a) | 24 | 343 | ||||||
7,481 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $6,005,255) | 7,909,277 | |||||||
See accompanying notes to financial statements.
276
SPDR S&P 1500 Value Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
SHORT TERM INVESTMENTS — 21.6% | ||||||||
MONEY MARKET FUNDS — 21.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 1,691,772 | $ | 1,691,772 | |||||
State Street Institutional Liquid Reserves Fund 0.06% (f)(g) | 19,994 | 19,994 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $1,711,766) | 1,711,766 | |||||||
TOTAL INVESTMENTS — 121.2% (h) | ||||||||
(Cost $7,717,021) | 9,621,043 | |||||||
OTHER ASSETS & LIABILITIES — (21.2)% | (1,683,300 | ) | ||||||
NET ASSETS — 100.0% | $ | 7,937,743 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
277
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AEROSPACE & DEFENSE — 4.1% | ||||||||
AAR Corp. (a) | 42 | $ | 1,176 | |||||
Alliant Techsystems, Inc. (a) | 36 | 4,380 | ||||||
BE Aerospace, Inc. (b) | 121 | 10,531 | ||||||
Cubic Corp. (a) | 6 | 316 | ||||||
Curtiss-Wright Corp. (a) | 52 | 3,236 | ||||||
Engility Holdings, Inc. (a)(b) | 3 | 100 | ||||||
Esterline Technologies Corp. (a)(b) | 33 | 3,365 | ||||||
Exelis, Inc. (a) | 205 | 3,907 | ||||||
GenCorp, Inc. (a)(b) | 75 | 1,352 | ||||||
General Dynamics Corp. | 284 | 27,136 | ||||||
Honeywell International, Inc. (a) | 720 | 65,786 | ||||||
Huntington Ingalls Industries, Inc. | 54 | 4,861 | ||||||
L-3 Communications Holdings, Inc. (a) | 76 | 8,121 | ||||||
Lockheed Martin Corp. | 264 | 39,246 | ||||||
Moog, Inc. (Class A) (b) | 44 | 2,989 | ||||||
Northrop Grumman Corp. | 229 | 26,246 | ||||||
Orbital Sciences Corp. (b) | 62 | 1,445 | ||||||
Precision Castparts Corp. | 115 | 30,970 | ||||||
Raytheon Co. | 316 | 28,661 | ||||||
Rockwell Collins, Inc. (a) | 106 | 7,836 | ||||||
Teledyne Technologies, Inc. (b) | 32 | 2,940 | ||||||
Textron, Inc. (a) | 80 | 2,941 | ||||||
The Boeing Co. | 856 | 116,835 | ||||||
Triumph Group, Inc. | 12 | 913 | ||||||
United Technologies Corp. | 828 | 94,226 | ||||||
489,515 | ||||||||
AIR FREIGHT & LOGISTICS — 0.8% | ||||||||
C.H. Robinson Worldwide, Inc. (a) | 25 | 1,458 | ||||||
Expeditors International of Washington, Inc. | 111 | 4,912 | ||||||
FedEx Corp. (a) | 179 | 25,735 | ||||||
Forward Air Corp. (a) | 3 | 132 | ||||||
HUB Group, Inc. (Class A) (a)(b) | 33 | 1,316 | ||||||
United Parcel Service, Inc. (Class B) | 526 | 55,272 | ||||||
UTI Worldwide, Inc. (a) | 75 | 1,317 | ||||||
90,142 | ||||||||
AIRLINES — 0.5% | ||||||||
Alaska Air Group, Inc. | 86 | 6,310 | ||||||
Allegiant Travel Co. (a) | 19 | 2,004 | ||||||
Delta Air Lines, Inc. | 1,058 | 29,063 | ||||||
JetBlue Airways Corp. (a)(b) | 91 | 778 | ||||||
SkyWest, Inc. | 63 | 934 | ||||||
Southwest Airlines Co. | 826 | 15,562 | ||||||
54,651 | ||||||||
AUTO COMPONENTS — 0.8% | ||||||||
BorgWarner, Inc. (a) | 254 | 14,201 | ||||||
Delphi Automotive PLC (a) | 343 | 20,625 | ||||||
Dorman Products, Inc. (a)(b) | 33 | 1,850 | ||||||
Drew Industries, Inc. (a) | 15 | 768 | ||||||
Gentex Corp. (a) | 148 | 4,882 | ||||||
Johnson Controls, Inc. | 801 | 41,091 | ||||||
Spartan Motors, Inc. (a) | 6 | 40 | ||||||
Standard Motor Products, Inc. | 15 | 552 | ||||||
Superior Industries International, Inc. (a) | 3 | 62 | ||||||
The Goodyear Tire & Rubber Co. (a) | 303 | 7,227 | ||||||
91,298 | ||||||||
AUTOMOBILES — 1.1% | ||||||||
Ford Motor Co. (a) | 4,361 | 67,290 | ||||||
General Motors Co. (a)(b) | 1,108 | 45,284 | ||||||
Harley-Davidson, Inc. (a) | 219 | 15,164 | ||||||
Thor Industries, Inc. | 53 | 2,927 | ||||||
Winnebago Industries, Inc. (b) | 33 | 906 | ||||||
131,571 | ||||||||
BEVERAGES — 1.2% | ||||||||
Beam, Inc. | 77 | 5,241 | ||||||
Boston Beer Co., Inc. (Class A) (b) | 10 | 2,418 | ||||||
Brown-Forman Corp. (Class B) (a) | 57 | 4,307 | ||||||
Coca-Cola Enterprises, Inc. | 197 | 8,693 | ||||||
Constellation Brands, Inc. (Class A) (b) | 194 | 13,654 | ||||||
Dr. Pepper Snapple Group, Inc. | 44 | 2,144 | ||||||
Molson Coors Brewing Co. (Class B) (a) | 73 | 4,099 | ||||||
Monster Beverage Corp. (a)(b) | 56 | 3,795 | ||||||
PepsiCo, Inc. | 723 | 59,965 | ||||||
The Coca-Cola Co. | 844 | 34,866 | ||||||
139,182 | ||||||||
BIOTECHNOLOGY — 3.9% | ||||||||
Acorda Therapeutics, Inc. (a)(b) | 34 | 993 | ||||||
Alexion Pharmaceuticals, Inc. (b) | 142 | 18,894 | ||||||
Amgen, Inc. | 643 | 73,405 | ||||||
ArQule, Inc. (b) | 3 | 6 | ||||||
Biogen Idec, Inc. (b) | 293 | 81,967 | ||||||
Celgene Corp. (b) | 507 | 85,663 | ||||||
Cubist Pharmaceuticals, Inc. (a)(b) | 69 | 4,752 | ||||||
Gilead Sciences, Inc. (a)(b) | 1,888 | 141,883 | ||||||
Momenta Pharmaceuticals, Inc. (a)(b) | 6 | 106 | ||||||
Regeneron Pharmaceuticals, Inc. (b) | 96 | 26,423 | ||||||
Spectrum Pharmaceuticals, Inc. (b) | 15 | 133 | ||||||
United Therapeutics Corp. (a)(b) | 57 | 6,446 | ||||||
Vertex Pharmaceuticals, Inc. (b) | 274 | 20,358 | ||||||
461,029 | ||||||||
BUILDING PRODUCTS — 0.3% | ||||||||
A.O. Smith Corp. | 90 | 4,855 | ||||||
AAON, Inc. | 43 | 1,374 | ||||||
Allegion PLC (a)(b) | 88 | 3,889 | ||||||
Apogee Enterprises, Inc. (a) | 36 | 1,293 | ||||||
Fortune Brands Home & Security, Inc. | 173 | 7,906 | ||||||
Gibraltar Industries, Inc. (a)(b) | 15 | 279 | ||||||
Griffon Corp. (a) | 15 | 198 | ||||||
Lennox International, Inc. (a) | 54 | 4,593 | ||||||
Masco Corp. | 350 | 7,969 | ||||||
Quanex Building Products Corp. (a) | 33 | 657 | ||||||
Simpson Manufacturing Co., Inc. (a) | 3 | 110 | ||||||
Universal Forest Products, Inc. (a) | 21 | 1,095 | ||||||
34,218 | ||||||||
CAPITAL MARKETS — 3.1% | ||||||||
Affiliated Managers Group, Inc. (a)(b) | 57 | 12,362 | ||||||
Ameriprise Financial, Inc. | 225 | 25,886 | ||||||
BlackRock, Inc. | 131 | 41,458 | ||||||
Calamos Asset Management, Inc. (Class A) (a) | 3 | 35 |
See accompanying notes to financial statements.
278
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
E*TRADE Financial Corp. (a)(b) | 331 | $ | 6,501 | |||||
Eaton Vance Corp. | 120 | 5,135 | ||||||
Evercore Partners, Inc. (Class A) (a) | 39 | 2,331 | ||||||
Federated Investors, Inc. (Class B) (a) | 103 | 2,966 | ||||||
Financial Engines, Inc. (a) | 51 | 3,543 | ||||||
Franklin Resources, Inc. (a) | 219 | 12,643 | ||||||
Greenhill & Co., Inc. (a) | 7 | 406 | ||||||
HFF, Inc. (Class A) (a)(b) | 33 | 886 | ||||||
Invesco, Ltd. | 378 | 13,759 | ||||||
Janus Capital Group, Inc. (a) | 8 | 99 | ||||||
Legg Mason, Inc. | 97 | 4,218 | ||||||
Morgan Stanley | 1,539 | 48,263 | ||||||
Northern Trust Corp. | 93 | 5,756 | ||||||
Piper Jaffray Co., Inc. (a)(b) | 12 | 475 | ||||||
Raymond James Financial, Inc. (a) | 35 | 1,827 | ||||||
SEI Investments Co. | 156 | 5,418 | ||||||
State Street Corp. (c) | 494 | 36,255 | ||||||
Stifel Financial Corp. (a)(b) | 47 | 2,252 | ||||||
SWS Group, Inc. (b) | 9 | 55 | ||||||
T. Rowe Price Group, Inc. | 107 | 8,963 | ||||||
The Bank of New York Mellon Corp. | 691 | 24,143 | ||||||
The Charles Schwab Corp. (a) | 1,328 | 34,528 | ||||||
The Goldman Sachs Group, Inc. | 330 | 58,496 | ||||||
Virtus Investment Partners, Inc. (a)(b) | 6 | 1,200 | ||||||
Waddell & Reed Financial, Inc. (Class A) | 93 | 6,056 | ||||||
365,915 | ||||||||
CHEMICALS — 2.9% | ||||||||
A. Schulman, Inc. (a) | 15 | 529 | ||||||
Air Products & Chemicals, Inc. | 206 | 23,027 | ||||||
Airgas, Inc. | 43 | 4,810 | ||||||
Albemarle Corp. | 33 | 2,092 | ||||||
American Vanguard Corp. | 30 | 729 | ||||||
Ashland, Inc. | 61 | 5,919 | ||||||
Balchem Corp. | 36 | 2,113 | ||||||
Cabot Corp. | 32 | 1,645 | ||||||
Calgon Carbon Corp. (b) | 56 | 1,152 | ||||||
CF Industries Holdings, Inc. (a) | 13 | 3,030 | ||||||
Cytec Industries, Inc. | 17 | 1,584 | ||||||
E. I. du Pont de Nemours & Co. (a) | 847 | 55,030 | ||||||
Eastman Chemical Co. | 140 | 11,298 | ||||||
Ecolab, Inc. | 283 | 29,508 | ||||||
Flotek Industries, Inc. (a)(b) | 56 | 1,124 | ||||||
FMC Corp. (a) | 125 | 9,432 | ||||||
H.B. Fuller Co. (a) | 56 | 2,914 | ||||||
Hawkins, Inc. (a) | 3 | 112 | ||||||
Innophos Holdings, Inc. (a) | 9 | 437 | ||||||
International Flavors & Fragrances, Inc. | 65 | 5,589 | ||||||
Intrepid Potash, Inc. (a)(b) | 3 | 48 | ||||||
Koppers Holdings, Inc. | 6 | 274 | ||||||
Kraton Performance Polymers, Inc. (b) | 30 | 691 | ||||||
LSB Industries, Inc. (a)(b) | 15 | 615 | ||||||
LyondellBasell Industries NV | 479 | 38,454 | ||||||
Minerals Technologies, Inc. | 30 | 1,802 | ||||||
Monsanto Co. | 283 | 32,984 | ||||||
NewMarket Corp. (a) | 5 | 1,671 | ||||||
Olin Corp. (a) | 23 | 664 | ||||||
OM Group, Inc. (a)(b) | 39 | 1,420 | ||||||
PolyOne Corp. (a) | 131 | 4,631 | ||||||
Praxair, Inc. (a) | 120 | 15,604 | ||||||
Quaker Chemical Corp. | 15 | 1,156 | ||||||
RPM International, Inc. | 122 | 5,064 | ||||||
Sensient Technologies Corp. (a) | 43 | 2,086 | ||||||
Sigma-Aldrich Corp. | 64 | 6,017 | ||||||
Stepan Co. | 12 | 788 | ||||||
The Dow Chemical Co. (a) | 1,110 | 49,284 | ||||||
The Mosaic Co. (a) | 9 | 425 | ||||||
The Scotts Miracle-Gro Co. (Class A) | 28 | 1,742 | ||||||
The Sherwin-Williams Co. | 69 | 12,661 | ||||||
Tredegar Corp. (a) | 29 | 835 | ||||||
Valspar Corp. | 33 | 2,353 | ||||||
Zep, Inc. | 3 | 54 | ||||||
343,397 | ||||||||
COMMERCIAL BANKS — 3.2% | ||||||||
Associated Banc-Corp. (a) | 115 | 2,001 | ||||||
BancorpSouth, Inc. (a) | 93 | 2,364 | ||||||
Bank of Hawaii Corp. (a) | 32 | 1,892 | ||||||
Bank of the Ozarks, Inc. (a) | 30 | 1,698 | ||||||
Banner Corp. | 20 | 896 | ||||||
BB&T Corp. (a) | 334 | 12,465 | ||||||
BBCN Bancorp, Inc. | 15 | 249 | ||||||
Boston Private Financial Holdings, Inc. | 69 | 871 | ||||||
Cathay General Bancorp | 57 | 1,524 | ||||||
City Holding Co. (a) | 6 | 278 | ||||||
City National Corp. (a) | 36 | 2,852 | ||||||
Columbia Banking System, Inc. | 60 | 1,651 | ||||||
Comerica, Inc. | 169 | 8,034 | ||||||
Commerce Bancshares, Inc. (a) | 60 | 2,695 | ||||||
Community Bank System, Inc. (a) | 21 | 833 | ||||||
Cullen/Frost Bankers, Inc. (a) | 43 | 3,201 | ||||||
CVB Financial Corp. (a) | 69 | 1,178 | ||||||
East West Bancorp, Inc. (a) | 152 | 5,315 | ||||||
F.N.B. Corp. (a) | 84 | 1,060 | ||||||
Fifth Third Bancorp (a) | 645 | 13,564 | ||||||
First BanCorp- Puerto Rico (b) | 57 | 353 | ||||||
First Commonwealth Financial Corp. (a) | 124 | 1,094 | ||||||
First Financial Bancorp (a) | 21 | 366 | ||||||
First Financial Bankshares, Inc. (a) | 35 | 2,321 | ||||||
First Horizon National Corp. (a) | 114 | 1,328 | ||||||
First Midwest Bancorp, Inc. | 78 | 1,367 | ||||||
First Niagara Financial Group, Inc. | 257 | 2,729 | ||||||
FirstMerit Corp. | 193 | 4,290 | ||||||
Fulton Financial Corp. (a) | 152 | 1,988 | ||||||
Glacier Bancorp, Inc. (a) | 81 | 2,413 | ||||||
Hancock Holding Co. (a) | 24 | 880 | ||||||
Hanmi Financial Corp. | 36 | 788 | ||||||
Home Bancshares, Inc. (a) | 54 | 2,017 | ||||||
Huntington Bancshares, Inc. (a) | 706 | 6,813 | ||||||
Independent Bank Corp.-Massachusetts (a) | 15 | 588 | ||||||
International Bancshares Corp. (a) | 15 | 396 | ||||||
KeyCorp | 800 | 10,736 | ||||||
M&T Bank Corp. (a) | 37 | 4,308 | ||||||
MB Financial, Inc. | 36 | 1,155 | ||||||
National Penn Bancshares, Inc. | 90 | 1,020 | ||||||
NBT Bancorp, Inc. (a) | 9 | 233 | ||||||
Old National Bancorp | 75 | 1,153 | ||||||
PacWest Bancorp (a) | 33 | 1,393 |
See accompanying notes to financial statements.
279
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Pinnacle Financial Partners, Inc. (a) | 27 | $ | 878 | |||||
PNC Financial Services Group, Inc. | 353 | 27,386 | ||||||
PrivateBancorp, Inc. (a) | 69 | 1,996 | ||||||
Prosperity Bancshares, Inc. | 62 | 3,930 | ||||||
Regions Financial Corp. | 1,457 | 14,410 | ||||||
S&T Bancorp, Inc. (a) | 6 | 152 | ||||||
Signature Bank (b) | 33 | 3,545 | ||||||
Simmons First National Corp. (a) | 3 | 111 | ||||||
SunTrust Banks, Inc. (a) | 290 | 10,675 | ||||||
Susquehanna Bancshares, Inc. | 122 | 1,566 | ||||||
SVB Financial Group (b) | 46 | 4,824 | ||||||
Synovus Financial Corp. | 928 | 3,341 | ||||||
TCF Financial Corp. (a) | 109 | 1,771 | ||||||
Texas Capital Bancshares, Inc. (a)(b) | 14 | 871 | ||||||
Tompkins Financial Corp. (a) | 3 | 154 | ||||||
Trustmark Corp. (a) | 36 | 966 | ||||||
U.S. Bancorp (a) | 642 | 25,937 | ||||||
UMB Financial Corp. | 22 | 1,414 | ||||||
Umpqua Holdings Corp. (a) | 110 | 2,105 | ||||||
United Bankshares, Inc. (a) | 15 | 472 | ||||||
United Community Banks, Inc. (a)(b) | 21 | 373 | ||||||
Valley National Bancorp (a) | 18 | 182 | ||||||
Webster Financial Corp. (a) | 70 | 2,183 | ||||||
Wells Fargo & Co. (a) | 3,173 | 144,054 | ||||||
Westamerica Bancorporation (a) | 9 | 508 | ||||||
Wilshire Bancorp, Inc. (a) | 78 | 853 | ||||||
Wintrust Financial Corp. (a) | 8 | 369 | ||||||
Zions Bancorporation (a) | 134 | 4,015 | ||||||
373,391 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.7% | ||||||||
ABM Industries, Inc. | 46 | 1,315 | ||||||
Avery Dennison Corp. | 90 | 4,517 | ||||||
Cintas Corp. (a) | 63 | 3,754 | ||||||
Clean Harbors, Inc. (a)(b) | 3 | 180 | ||||||
Copart, Inc. (b) | 32 | 1,173 | ||||||
Deluxe Corp. (a) | 51 | 2,662 | ||||||
G & K Services, Inc. (Class A) (a) | 15 | 933 | ||||||
Healthcare Services Group, Inc. (a) | 20 | 567 | ||||||
Herman Miller, Inc. (a) | 68 | 2,007 | ||||||
HNI Corp. | 55 | 2,136 | ||||||
Interface, Inc. (a) | 61 | 1,340 | ||||||
Iron Mountain, Inc. (a) | 16 | 486 | ||||||
Mine Safety Appliances Co. (a) | 18 | 922 | ||||||
Mobile Mini, Inc. (b) | 47 | 1,935 | ||||||
Pitney Bowes, Inc. | 185 | 4,310 | ||||||
R.R. Donnelley & Sons Co. (a) | 224 | 4,543 | ||||||
Republic Services, Inc. | 146 | 4,847 | ||||||
Rollins, Inc. | 24 | 727 | ||||||
Stericycle, Inc. (b) | 46 | 5,344 | ||||||
Tetra Tech, Inc. (a)(b) | 2 | 56 | ||||||
The ADT Corp. (a) | 19 | 769 | ||||||
The Brink’s Co. (a) | 6 | 205 | ||||||
The Geo Group, Inc. (a) | 86 | 2,771 | ||||||
Tyco International, Ltd. | 395 | 16,211 | ||||||
UniFirst Corp. | 12 | 1,284 | ||||||
United Stationers, Inc. (a) | 44 | 2,019 | ||||||
Viad Corp. | 34 | 944 | ||||||
Waste Connections, Inc. (a) | 112 | 4,887 | ||||||
Waste Management, Inc. (a) | 345 | 15,480 | ||||||
88,324 | ||||||||
COMMUNICATIONS EQUIPMENT — 1.8% | ||||||||
ADTRAN, Inc. (a) | 68 | 1,837 | ||||||
Arris Group, Inc. (b) | 46 | 1,121 | ||||||
Bel Fuse, Inc. (Class B) | 3 | 64 | ||||||
Black Box Corp. (a) | 3 | 89 | ||||||
CalAmp Corp. (a)(b) | 40 | 1,119 | ||||||
Ciena Corp. (a)(b) | 127 | 3,039 | ||||||
Cisco Systems, Inc. | 5,256 | 117,997 | ||||||
F5 Networks, Inc. (a)(b) | 17 | 1,545 | ||||||
Harmonic, Inc. (b) | 127 | 937 | ||||||
Harris Corp. (a) | 91 | 6,353 | ||||||
InterDigital, Inc. (a) | 7 | 206 | ||||||
Ixia (a)(b) | 41 | 546 | ||||||
JDS Uniphase Corp. (b) | 243 | 3,154 | ||||||
Juniper Networks, Inc. (a)(b) | 240 | 5,417 | ||||||
Motorola Solutions, Inc. | 97 | 6,548 | ||||||
Netgear, Inc. (a)(b) | 12 | 395 | ||||||
Oplink Communications, Inc. (a)(b) | 3 | 56 | ||||||
PC-Tel, Inc. | 3 | 29 | ||||||
Plantronics, Inc. (a) | 32 | 1,486 | ||||||
Polycom, Inc. (b) | 102 | 1,145 | ||||||
QUALCOMM, Inc. | 705 | 52,346 | ||||||
Riverbed Technology, Inc. (a)(b) | 6 | 108 | ||||||
ViaSat, Inc. (a)(b) | 50 | 3,133 | ||||||
208,670 | ||||||||
COMPUTERS & PERIPHERALS — 1.6% | ||||||||
3D Systems Corp. (a)(b) | 115 | 10,687 | ||||||
Apple, Inc. | 29 | 16,272 | ||||||
Avid Technology, Inc. (b) | 36 | 293 | ||||||
Diebold, Inc. (a) | 18 | 594 | ||||||
Electronics for Imaging, Inc. (b) | 53 | 2,053 | ||||||
EMC Corp. (a) | 461 | 11,594 | ||||||
Hewlett-Packard Co. | 2,127 | 59,514 | ||||||
Lexmark International, Inc. (Class A) (a) | 77 | 2,735 | ||||||
NCR Corp. (b) | 205 | 6,982 | ||||||
NetApp, Inc. | 398 | 16,374 | ||||||
QLogic Corp. (b) | 3 | 36 | ||||||
SanDisk Corp. | 217 | 15,307 | ||||||
Seagate Technology PLC (a) | 368 | 20,667 | ||||||
Western Digital Corp. | 260 | 21,814 | ||||||
184,922 | ||||||||
CONSTRUCTION & ENGINEERING — 0.3% | ||||||||
Aecom Technology Corp. (b) | 121 | 3,561 | ||||||
Aegion Corp. (a)(b) | 33 | 722 | ||||||
Comfort Systems USA, Inc. | 62 | 1,202 | ||||||
Dycom Industries, Inc. (a)(b) | 41 | 1,140 | ||||||
EMCOR Group, Inc. | 40 | 1,698 | ||||||
Fluor Corp. (a) | 119 | 9,555 | ||||||
Granite Construction, Inc. (a) | 33 | 1,154 | ||||||
Jacobs Engineering Group, Inc. (a)(b) | 134 | 8,441 | ||||||
KBR, Inc. (a) | 70 | 2,232 | ||||||
Orion Marine Group, Inc. (a)(b) | 9 | 108 | ||||||
Quanta Services, Inc. (a)(b) | 47 | 1,483 |
See accompanying notes to financial statements.
280
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
URS Corp. | 88 | $ | 4,663 | |||||
35,959 | ||||||||
CONSTRUCTION MATERIALS — 0.1% | ||||||||
Eagle Materials, Inc. | 42 | 3,252 | ||||||
Headwaters, Inc. (b) | 75 | 734 | ||||||
Martin Marietta Materials, Inc. (a) | 25 | 2,499 | ||||||
Texas Industries, Inc. (b) | 21 | 1,444 | ||||||
Vulcan Materials Co. (a) | 45 | 2,674 | ||||||
10,603 | ||||||||
CONSUMER FINANCE — 1.1% | ||||||||
American Express Co. (a) | 851 | 77,211 | ||||||
Capital One Financial Corp. | 237 | 18,157 | ||||||
Cash America International, Inc. (a) | 14 | 536 | ||||||
Discover Financial Services | 291 | 16,281 | ||||||
Encore Capital Group, Inc. (a)(b) | 27 | 1,357 | ||||||
First Cash Financial Services, Inc. (a)(b) | 27 | 1,670 | ||||||
Portfolio Recovery Associates, Inc. (a)(b) | 54 | 2,853 | ||||||
SLM Corp. (a) | 457 | 12,010 | ||||||
World Acceptance Corp. (a)(b) | 11 | 963 | ||||||
131,038 | ||||||||
CONTAINERS & PACKAGING — 0.4% | ||||||||
AptarGroup, Inc. | 37 | 2,509 | ||||||
Ball Corp. | 23 | 1,188 | ||||||
Bemis Co., Inc. (a) | 55 | 2,253 | ||||||
Greif, Inc. (Class A) | 28 | 1,467 | ||||||
MeadWestvaco Corp. (a) | 152 | 5,613 | ||||||
Myers Industries, Inc. | 30 | 634 | ||||||
Owens-Illinois, Inc. (b) | 179 | 6,405 | ||||||
Packaging Corp. of America (a) | 109 | 6,897 | ||||||
Rock-Tenn Co. (Class A) | 71 | 7,456 | ||||||
Sealed Air Corp. | 242 | 8,240 | ||||||
Silgan Holdings, Inc. | 10 | 480 | ||||||
Sonoco Products Co. | 79 | 3,296 | ||||||
46,438 | ||||||||
DISTRIBUTORS — 0.2% | ||||||||
Genuine Parts Co. (a) | 132 | 10,981 | ||||||
LKQ Corp. (b) | 326 | 10,726 | ||||||
Pool Corp. (a) | 51 | 2,965 | ||||||
VOXX International Corp. (a)(b) | 6 | 100 | ||||||
24,772 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.2% | ||||||||
American Public Education, Inc. (a)(b) | 3 | 131 | ||||||
Apollo Education Group, Inc. (b) | 3 | 82 | ||||||
Capella Education Co. (a) | 3 | 199 | ||||||
Career Education Corp. (a)(b) | 3 | 17 | ||||||
DeVry Education Group, Inc. | 27 | 959 | ||||||
Graham Holdings Co. (Class B) (a) | 6 | 3,980 | ||||||
H&R Block, Inc. | 331 | 9,612 | ||||||
Hillenbrand, Inc. | 53 | 1,559 | ||||||
Matthews International Corp. (Class A) (a) | 18 | 767 | ||||||
Regis Corp. (a) | 27 | 392 | ||||||
Service Corp. International | 226 | 4,097 | ||||||
Sotheby’s | 80 | 4,256 | ||||||
Universal Technical Institute, Inc. | 3 | 42 | ||||||
26,093 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 5.9% | ||||||||
Bank of America Corp. | 11,101 | 172,843 | ||||||
Berkshire Hathaway, Inc. (Class B) (a)(b) | 1,423 | 168,711 | ||||||
CBOE Holdings, Inc. (a) | 101 | 5,248 | ||||||
Citigroup, Inc. | 2,404 | 125,272 | ||||||
CME Group, Inc. | 308 | 24,166 | ||||||
Interactive Brokers Group, Inc. (Class A) (a) | 52 | 1,266 | ||||||
IntercontinentalExchange Group, Inc. (a) | 107 | 24,066 | ||||||
JPMorgan Chase & Co. (a) | 2,500 | 146,200 | ||||||
Leucadia National Corp. | 211 | 5,980 | ||||||
MarketAxess Holdings, Inc. (a) | 46 | 3,076 | ||||||
Moody’s Corp. (a) | 202 | 15,851 | ||||||
MSCI, Inc. (Class A) (b) | 134 | 5,858 | ||||||
The NASDAQ OMX Group, Inc. | 99 | 3,940 | ||||||
702,477 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.6% | ||||||||
AT&T, Inc. | 840 | 29,534 | ||||||
Atlantic Tele-Network, Inc. (a) | 6 | 339 | ||||||
Cbeyond, Inc. (b) | 21 | 145 | ||||||
CenturyLink, Inc. (a) | 19 | 605 | ||||||
Cincinnati Bell, Inc. (a)(b) | 244 | 869 | ||||||
Frontier Communications Corp. (a) | 95 | 442 | ||||||
General Communication, Inc. (Class A) (b) | 6 | 67 | ||||||
tw telecom, Inc. (a)(b) | 90 | 2,742 | ||||||
Verizon Communications, Inc. (a) | 815 | 40,049 | ||||||
Windstream Holdings, Inc. (a) | 57 | 455 | ||||||
75,247 | ||||||||
ELECTRIC UTILITIES — 0.5% | ||||||||
ALLETE, Inc. | 30 | 1,496 | ||||||
American Electric Power Co., Inc. (a) | 77 | 3,599 | ||||||
Cleco Corp. | 13 | 606 | ||||||
Duke Energy Corp. | 154 | 10,628 | ||||||
Edison International (a) | 52 | 2,408 | ||||||
El Paso Electric Co. | 15 | 527 | ||||||
Entergy Corp. (a) | 6 | 380 | ||||||
Exelon Corp. (a) | 27 | 740 | ||||||
FirstEnergy Corp. (a) | 13 | 429 | ||||||
Great Plains Energy, Inc. (a) | 34 | 824 | ||||||
Hawaiian Electric Industries, Inc. (a) | 33 | 860 | ||||||
IDACORP, Inc. (a) | 14 | 726 | ||||||
NextEra Energy, Inc. | 201 | 17,210 | ||||||
Northeast Utilities | 108 | 4,578 | ||||||
OGE Energy Corp. | 167 | 5,661 | ||||||
Pepco Holdings, Inc. (a) | 24 | 459 | ||||||
Pinnacle West Capital Corp. | 31 | 1,640 | ||||||
PNM Resources, Inc. (a) | 6 | 145 | ||||||
PPL Corp. | 180 | 5,416 | ||||||
Southern Co. | 28 | 1,151 | ||||||
UIL Holdings Corp. (a) | 12 | 465 | ||||||
UNS Energy Corp. | 17 | 1,017 | ||||||
Westar Energy, Inc. (a) | 43 | 1,383 | ||||||
Xcel Energy, Inc. (a) | 77 | 2,151 | ||||||
64,499 | ||||||||
See accompanying notes to financial statements.
281
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
ELECTRICAL EQUIPMENT — 1.2% | ||||||||
Acuity Brands, Inc. (a) | 45 | $ | 4,920 | |||||
AMETEK, Inc. (a) | 193 | 10,165 | ||||||
AZZ, Inc. (a) | 6 | 293 | ||||||
Brady Corp. (Class A) | 9 | 278 | ||||||
Eaton Corp. PLC | 516 | 39,278 | ||||||
Emerson Electric Co. (a) | 655 | 45,968 | ||||||
Encore Wire Corp. | 6 | 325 | ||||||
EnerSys (a) | 57 | 3,995 | ||||||
Franklin Electric Co., Inc. (a) | 36 | 1,607 | ||||||
General Cable Corp. (a) | 42 | 1,235 | ||||||
Hubbell, Inc. (Class B) | 42 | 4,574 | ||||||
II-VI, Inc. (b) | 9 | 158 | ||||||
Powell Industries, Inc. (a) | 6 | 402 | ||||||
Regal-Beloit Corp. | 7 | 516 | ||||||
Rockwell Automation, Inc. (a) | 153 | 18,079 | ||||||
Roper Industries, Inc. (a) | 53 | 7,350 | ||||||
139,143 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.1% | ||||||||
Agilysys, Inc. (a)(b) | 3 | 42 | ||||||
Amphenol Corp. (Class A) | 126 | 11,237 | ||||||
Anixter International, Inc. (a) | 24 | 2,156 | ||||||
Arrow Electronics, Inc. (a)(b) | 92 | 4,991 | ||||||
Avnet, Inc. | 143 | 6,308 | ||||||
Badger Meter, Inc. (a) | 6 | 327 | ||||||
Belden, Inc. (a) | 52 | 3,663 | ||||||
Benchmark Electronics, Inc. (b) | 60 | 1,385 | ||||||
Checkpoint Systems, Inc. (b) | 70 | 1,104 | ||||||
Cognex Corp. (a) | 114 | 4,353 | ||||||
Coherent, Inc. (b) | 14 | 1,041 | ||||||
Corning, Inc. | 1,062 | 18,925 | ||||||
CTS Corp. | 12 | 239 | ||||||
Daktronics, Inc. | 6 | 94 | ||||||
Electro Scientific Industries, Inc. | 3 | 31 | ||||||
FARO Technologies, Inc. (b) | 3 | 175 | ||||||
FEI Co. | 49 | 4,379 | ||||||
FLIR Systems, Inc. | 166 | 4,997 | ||||||
Ingram Micro, Inc. (Class A) (b) | 169 | 3,965 | ||||||
Insight Enterprises, Inc. (b) | 9 | 204 | ||||||
Itron, Inc. (b) | 24 | 994 | ||||||
Jabil Circuit, Inc. (a) | 122 | 2,128 | ||||||
Littelfuse, Inc. (a) | 23 | 2,137 | ||||||
Measurement Specialties, Inc. (a)(b) | 17 | 1,032 | ||||||
Methode Electronics, Inc. (Class A) | 60 | 2,051 | ||||||
Mettler-Toledo International, Inc. (b) | 29 | 7,035 | ||||||
MTS Systems Corp. (a) | 18 | 1,282 | ||||||
National Instruments Corp. | 83 | 2,658 | ||||||
OSI Systems, Inc. (a)(b) | 2 | 106 | ||||||
Plexus Corp. (a)(b) | 21 | 909 | ||||||
Rogers Corp. (a)(b) | 17 | 1,045 | ||||||
Scansource, Inc. (a)(b) | 3 | 127 | ||||||
SYNNEX Corp. (b) | 32 | 2,157 | ||||||
TE Connectivity, Ltd. | 484 | 26,673 | ||||||
Tech Data Corp. (b) | 3 | 155 | ||||||
Trimble Navigation, Ltd. (a)(b) | 149 | 5,170 | ||||||
TTM Technologies, Inc. (a)(b) | 3 | 26 | ||||||
Vishay Intertechnology, Inc. (a)(b) | 95 | 1,260 | ||||||
126,561 | ||||||||
ENERGY EQUIPMENT & SERVICES — 2.0% | ||||||||
Atwood Oceanics, Inc. (a)(b) | 38 | 2,029 | ||||||
Baker Hughes, Inc. | 210 | 11,605 | ||||||
Bristow Group, Inc. (a) | 40 | 3,002 | ||||||
C&J Energy Services, Inc. (a)(b) | 32 | 739 | ||||||
Cameron International Corp. (a)(b) | 101 | 6,012 | ||||||
CARBO Ceramics, Inc. (a) | 18 | 2,097 | ||||||
Diamond Offshore Drilling, Inc. | 2 | 114 | ||||||
Dresser-Rand Group, Inc. (a)(b) | 41 | 2,445 | ||||||
Dril-Quip, Inc. (a)(b) | 47 | 5,167 | ||||||
Ensco PLC (Class A) (a) | 22 | 1,258 | ||||||
Era Group, Inc. (a)(b) | 3 | 93 | ||||||
Exterran Holdings, Inc. (a)(b) | 45 | 1,539 | ||||||
FMC Technologies, Inc. (b) | 217 | 11,329 | ||||||
Geospace Technologies Corp. (a)(b) | 15 | 1,422 | ||||||
Gulf Island Fabrication, Inc. | 3 | 70 | ||||||
Halliburton Co. | 936 | 47,502 | ||||||
Helix Energy Solutions Group, Inc. (a)(b) | 89 | 2,063 | ||||||
Helmerich & Payne, Inc. | 111 | 9,333 | ||||||
Hornbeck Offshore Services, Inc. (a)(b) | 38 | 1,871 | ||||||
ION Geophysical Corp. (a)(b) | 12 | 40 | ||||||
Matrix Service Co. (b) | 3 | 73 | ||||||
Nabors Industries, Ltd. (a) | 123 | 2,090 | ||||||
National Oilwell Varco, Inc. | 95 | 7,555 | ||||||
Newpark Resources, Inc. (a)(b) | 108 | 1,327 | ||||||
Noble Corp. PLC (a) | 40 | 1,499 | ||||||
Oceaneering International, Inc. | 127 | 10,018 | ||||||
Oil States International, Inc. (b) | 54 | 5,493 | ||||||
Patterson-UTI Energy, Inc. (a) | 105 | 2,659 | ||||||
Pioneer Energy Services Corp. (a)(b) | 3 | 24 | ||||||
Rowan Cos. PLC (b) | 51 | 1,803 | ||||||
Schlumberger, Ltd. | 962 | 86,686 | ||||||
SEACOR Holdings, Inc. (a)(b) | 17 | 1,550 | ||||||
Superior Energy Services, Inc. (b) | 85 | 2,262 | ||||||
Tetra Technologies, Inc. (a)(b) | 108 | 1,335 | ||||||
Tidewater, Inc. (a) | 26 | 1,541 | ||||||
Unit Corp. (b) | 15 | 774 | ||||||
236,419 | ||||||||
FOOD & STAPLES RETAILING — 1.9% | ||||||||
Casey’s General Stores, Inc. | 40 | 2,810 | ||||||
Costco Wholesale Corp. | 290 | 34,513 | ||||||
CVS Caremark Corp. | 710 | 50,815 | ||||||
Harris Teeter Supermarkets, Inc. (a) | 29 | 1,431 | ||||||
Safeway, Inc. (a) | 298 | 9,706 | ||||||
Spartan Stores, Inc. | 59 | 1,432 | ||||||
SUPERVALU, Inc. (a)(b) | 244 | 1,779 | ||||||
Sysco Corp. (a) | 130 | 4,693 | ||||||
The Andersons, Inc. | 23 | 2,051 | ||||||
The Kroger Co. | 601 | 23,758 | ||||||
United Natural Foods, Inc. (a)(b) | 33 | 2,488 | ||||||
Wal-Mart Stores, Inc. | 257 | 20,223 | ||||||
Walgreen Co. | 1,017 | 58,416 | ||||||
Whole Foods Market, Inc. | 247 | 14,284 | ||||||
228,399 | ||||||||
See accompanying notes to financial statements.
282
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
FOOD PRODUCTS — 1.7% | ||||||||
Archer-Daniels-Midland Co. (a) | 646 | $ | 28,036 | |||||
B&G Foods, Inc. (a) | 25 | 848 | ||||||
Cal-Maine Foods, Inc. (a) | 15 | 903 | ||||||
Calavo Growers, Inc. (a) | 6 | 181 | ||||||
Campbell Soup Co. (a) | 85 | 3,679 | ||||||
ConAgra Foods, Inc. | 120 | 4,044 | ||||||
Darling International, Inc. (b) | 86 | 1,796 | ||||||
Dean Foods Co. (b) | 56 | 963 | ||||||
Flowers Foods, Inc. | 210 | 4,509 | ||||||
General Mills, Inc. (a) | 345 | 17,219 | ||||||
Green Mountain Coffee Roasters, Inc. (a)(b) | 162 | 12,244 | ||||||
Hain Celestial Group, Inc. (a)(b) | 41 | 3,722 | ||||||
Hillshire Brands Co. (a) | 81 | 2,709 | ||||||
Hormel Foods Corp. (a) | 130 | 5,872 | ||||||
Ingredion, Inc. (a) | 22 | 1,506 | ||||||
J&J Snack Foods Corp. | 16 | 1,417 | ||||||
Kellogg Co. (a) | 106 | 6,473 | ||||||
Kraft Foods Group, Inc. | 283 | 15,259 | ||||||
Lancaster Colony Corp. (a) | 18 | 1,587 | ||||||
McCormick & Co., Inc. (a) | 29 | 1,999 | ||||||
Mead Johnson Nutrition Co. | 109 | 9,130 | ||||||
Mondelez International, Inc. (Class A) (a) | 957 | 33,782 | ||||||
Post Holdings, Inc. (a)(b) | 32 | 1,577 | ||||||
Sanderson Farms, Inc. (a) | 24 | 1,736 | ||||||
Seneca Foods Corp. (a)(b) | 9 | 287 | ||||||
Snyders-Lance, Inc. (a) | 36 | 1,034 | ||||||
The Hershey Co. (a) | 137 | 13,320 | ||||||
The J.M. Smucker Co. | 63 | 6,528 | ||||||
Tootsie Roll Industries, Inc. | 9 | 293 | ||||||
TreeHouse Foods, Inc. (a)(b) | 17 | 1,172 | ||||||
Tyson Foods, Inc. (Class A) (a) | 326 | 10,908 | ||||||
WhiteWave Foods Co. (Class A) (a)(b) | 93 | 2,133 | ||||||
196,866 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
AGL Resources, Inc. | 48 | 2,267 | ||||||
Atmos Energy Corp. (a) | 48 | 2,180 | ||||||
National Fuel Gas Co. (a) | 71 | 5,070 | ||||||
New Jersey Resources Corp. (a) | 6 | 278 | ||||||
Northwest Natural Gas Co. (a) | 9 | 385 | ||||||
ONEOK, Inc. | 85 | 5,285 | ||||||
Piedmont Natural Gas Co., Inc. | 15 | 497 | ||||||
Questar Corp. (a) | 61 | 1,402 | ||||||
South Jersey Industries, Inc. | 19 | 1,063 | ||||||
Southwest Gas Corp. (a) | 24 | 1,342 | ||||||
The Laclede Group, Inc. | 9 | 410 | ||||||
UGI Corp. | 69 | 2,861 | ||||||
WGL Holdings, Inc. | 24 | 962 | ||||||
24,002 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 2.0% | ||||||||
Abaxis, Inc. (a)(b) | 18 | 720 | ||||||
Abbott Laboratories | 344 | 13,185 | ||||||
Align Technology, Inc. (b) | 94 | 5,372 | ||||||
Analogic Corp. | 4 | 354 | ||||||
Baxter International, Inc. | 154 | 10,711 | ||||||
Becton, Dickinson and Co. | 166 | 18,341 | ||||||
Boston Scientific Corp. (b) | 1,639 | 19,701 | ||||||
C.R. Bard, Inc. | 43 | 5,759 | ||||||
Cantel Medical Corp. (a) | 36 | 1,221 | ||||||
CareFusion Corp. (b) | 197 | 7,845 | ||||||
CONMED Corp. | 9 | 382 | ||||||
Covidien PLC (a) | 276 | 18,796 | ||||||
CryoLife, Inc. (a) | 27 | 299 | ||||||
Cyberonics, Inc. (b) | 7 | 459 | ||||||
Cynosure, Inc. (Class A) (b) | 1 | 27 | ||||||
DENTSPLY International, Inc. | 67 | 3,248 | ||||||
Greatbatch, Inc. (b) | 9 | 398 | ||||||
Haemonetics Corp. (a)(b) | 21 | 885 | ||||||
HealthStream, Inc. (a)(b) | 24 | 786 | ||||||
Hill-Rom Holdings, Inc. (a) | 60 | 2,480 | ||||||
Hologic, Inc. (a)(b) | 59 | 1,319 | ||||||
ICU Medical, Inc. (a)(b) | 15 | 956 | ||||||
IDEXX Laboratories, Inc. (b) | 15 | 1,596 | ||||||
Integra LifeSciences Holdings Corp. (b) | 18 | 859 | ||||||
Intuitive Surgical, Inc. (b) | 1 | 384 | ||||||
Masimo Corp. (b) | 30 | 877 | ||||||
Medtronic, Inc. | 789 | 45,281 | ||||||
Meridian Bioscience, Inc. (a) | 15 | 398 | ||||||
Merit Medical Systems, Inc. (a)(b) | 15 | 236 | ||||||
Natus Medical, Inc. (b) | 36 | 810 | ||||||
Neogen Corp. (a)(b) | 37 | 1,691 | ||||||
NuVasive, Inc. (a)(b) | 51 | 1,649 | ||||||
ResMed, Inc. (a) | 121 | 5,697 | ||||||
St. Jude Medical, Inc. | 300 | 18,585 | ||||||
STERIS Corp. | 36 | 1,730 | ||||||
Stryker Corp. (a) | 233 | 17,508 | ||||||
SurModics, Inc. (b) | 15 | 366 | ||||||
Symmetry Medical, Inc. (a)(b) | 12 | 121 | ||||||
Teleflex, Inc. (a) | 25 | 2,346 | ||||||
The Cooper Cos., Inc. | 45 | 5,573 | ||||||
Thoratec Corp. (b) | 20 | 732 | ||||||
Varian Medical Systems, Inc. (b) | 37 | 2,874 | ||||||
West Pharmaceutical Services, Inc. (a) | 72 | 3,532 | ||||||
Zimmer Holdings, Inc. | 133 | 12,394 | ||||||
238,483 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.7% | ||||||||
Aetna, Inc. | 388 | 26,613 | ||||||
Air Methods Corp. (a)(b) | 28 | 1,633 | ||||||
Almost Family, Inc. (a)(b) | 3 | 97 | ||||||
Amedisys, Inc. (a)(b) | 9 | 132 | ||||||
AmerisourceBergen Corp. (a) | 270 | 18,984 | ||||||
AMN Healthcare Services, Inc. (b) | 51 | 750 | ||||||
AmSurg Corp. (b) | 32 | 1,469 | ||||||
Bio-Reference Laboratories, Inc. (a)(b) | 27 | 690 | ||||||
Cardinal Health, Inc. | 268 | 17,905 | ||||||
Centene Corp. (a)(b) | 53 | 3,124 | ||||||
Chemed Corp. (a) | 4 | 306 | ||||||
CIGNA Corp. | 313 | 27,381 | ||||||
Community Health Systems, Inc. (b) | 112 | 4,398 | ||||||
Cross Country Healthcare, Inc. (b) | 3 | 30 | ||||||
DaVita HealthCare Partners, Inc. (b) | 28 | 1,774 | ||||||
Express Scripts Holding Co. (a)(b) | 129 | 9,061 | ||||||
Gentiva Health Services, Inc. (a)(b) | 36 | 447 | ||||||
Hanger, Inc. (a)(b) | 39 | 1,534 |
See accompanying notes to financial statements.
283
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Health Management Associates, Inc. (Class A) (a)(b) | 297 | $ | 3,891 | |||||
Health Net, Inc. (b) | 82 | 2,433 | ||||||
Healthways, Inc. (a)(b) | 39 | 599 | ||||||
Henry Schein, Inc. (b) | 85 | 9,712 | ||||||
HMS Holdings Corp. (a)(b) | 41 | 932 | ||||||
Humana, Inc. (a) | 104 | 10,735 | ||||||
IPC The Hospitalist Co. (a)(b) | 6 | 356 | ||||||
Kindred Healthcare, Inc. (a) | 9 | 178 | ||||||
Laboratory Corp. of America Holdings (a)(b) | 37 | 3,381 | ||||||
Landauer, Inc. | 6 | 316 | ||||||
LHC Group, Inc. (b) | 9 | 216 | ||||||
LifePoint Hospitals, Inc. (b) | 40 | 2,114 | ||||||
Magellan Health Services, Inc. (b) | 3 | 180 | ||||||
McKesson Corp. | 210 | 33,894 | ||||||
MEDNAX, Inc. (b) | 106 | 5,658 | ||||||
Molina Healthcare, Inc. (a)(b) | 21 | 730 | ||||||
MWI Veterinary Supply, Inc. (a)(b) | 12 | 2,047 | ||||||
Omnicare, Inc. (a) | 114 | 6,881 | ||||||
Owens & Minor, Inc. (a) | 42 | 1,535 | ||||||
Patterson Cos., Inc. | 30 | 1,236 | ||||||
Quest Diagnostics, Inc. (a) | 43 | 2,302 | ||||||
Tenet Healthcare Corp. (b) | 130 | 5,476 | ||||||
The Ensign Group, Inc. (a) | 18 | 797 | ||||||
UnitedHealth Group, Inc. | 804 | 60,541 | ||||||
Universal Health Services, Inc. (Class B) | 109 | 8,857 | ||||||
VCA Antech, Inc. (b) | 91 | 2,854 | ||||||
WellCare Health Plans, Inc. (a)(b) | 45 | 3,169 | ||||||
WellPoint, Inc. | 293 | 27,070 | ||||||
314,418 | ||||||||
HEALTH CARE TECHNOLOGY — 0.2% | ||||||||
Allscripts Healthcare Solutions, Inc. (a)(b) | 65 | 1,005 | ||||||
Cerner Corp. (b) | 271 | 15,106 | ||||||
Computer Programs and Systems, Inc. (a) | 3 | 185 | ||||||
Medidata Solutions, Inc. (a)(b) | 54 | 3,271 | ||||||
Omnicell, Inc. (b) | 50 | 1,276 | ||||||
20,843 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.8% | ||||||||
Bally Technologies, Inc. (a)(b) | 41 | 3,217 | ||||||
Bob Evans Farms, Inc. (a) | 21 | 1,062 | ||||||
Boyd Gaming Corp. (a)(b) | 92 | 1,036 | ||||||
Brinker International, Inc. (a) | 55 | 2,549 | ||||||
Buffalo Wild Wings, Inc. (a)(b) | 17 | 2,502 | ||||||
Carnival Corp. (a) | 14 | 562 | ||||||
CEC Entertainment, Inc. | 3 | 133 | ||||||
Chipotle Mexican Grill, Inc. (a)(b) | 36 | 19,180 | ||||||
Cracker Barrel Old Country Store, Inc. (a) | 27 | 2,972 | ||||||
Darden Restaurants, Inc. (a) | 4 | 218 | ||||||
DineEquity, Inc. (a) | 6 | 501 | ||||||
Domino’s Pizza, Inc. (a) | 68 | 4,736 | ||||||
International Game Technology (a) | 284 | 5,157 | ||||||
International Speedway Corp. (Class A) (a) | 18 | 639 | ||||||
Interval Leisure Group, Inc. | 39 | 1,205 | ||||||
Jack in the Box, Inc. (a)(b) | 48 | 2,401 | ||||||
Life Time Fitness, Inc. (a)(b) | 12 | 564 | ||||||
Marcus Corp. | 3 | 40 | ||||||
Marriott International, Inc. (Class A) (a) | 99 | 4,887 | ||||||
Marriott Vacations Worldwide Corp. (b) | 11 | 580 | ||||||
McDonald’s Corp. | 348 | 33,767 | ||||||
Multimedia Games Holding Co., Inc. (b) | 33 | 1,035 | ||||||
Panera Bread Co. (Class A) (b) | 1 | 177 | ||||||
Papa John’s International, Inc. (a) | 42 | 1,907 | ||||||
Pinnacle Entertainment, Inc. (a)(b) | 72 | 1,871 | ||||||
Red Robin Gourmet Burgers, Inc. (a)(b) | 12 | 883 | ||||||
Ruby Tuesday, Inc. (a)(b) | 3 | 21 | ||||||
Ruth’s Hospitality Group, Inc. | 36 | 512 | ||||||
Scientific Games Corp. (Class A) (a)(b) | 60 | 1,016 | ||||||
Sonic Corp. (b) | 57 | 1,151 | ||||||
Starbucks Corp. (a) | 879 | 68,905 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 154 | 12,235 | ||||||
Texas Roadhouse, Inc. (a) | 84 | 2,335 | ||||||
The Cheesecake Factory, Inc. | 42 | 2,027 | ||||||
The Wendy’s Co. (a) | 349 | 3,043 | ||||||
Wyndham Worldwide Corp. (a) | 80 | 5,895 | ||||||
Wynn Resorts, Ltd. (a) | 82 | 15,925 | ||||||
Yum! Brands, Inc. (a) | 99 | 7,485 | ||||||
214,331 | ||||||||
HOUSEHOLD DURABLES — 0.6% | ||||||||
D.R. Horton, Inc. (a) | 9 | 201 | ||||||
Ethan Allen Interiors, Inc. (a) | 12 | 365 | ||||||
Garmin, Ltd. (a) | 74 | 3,420 | ||||||
Harman International Industries, Inc. (a) | 80 | 6,548 | ||||||
Helen of Troy, Ltd. (a)(b) | 31 | 1,535 | ||||||
iRobot Corp. (a)(b) | 32 | 1,112 | ||||||
Jarden Corp. (a)(b) | 122 | 7,485 | ||||||
KB Home (a) | 29 | 530 | ||||||
La-Z-Boy, Inc. | 57 | 1,767 | ||||||
Leggett & Platt, Inc. (a) | 67 | 2,073 | ||||||
Lennar Corp. (Class A) (a) | 5 | 198 | ||||||
M.D.C. Holdings, Inc. (a) | 11 | 355 | ||||||
M/I Homes, Inc. (a)(b) | 24 | 611 | ||||||
Meritage Homes Corp. (b) | 14 | 672 | ||||||
Mohawk Industries, Inc. (b) | 77 | 11,465 | ||||||
Newell Rubbermaid, Inc. | 264 | 8,556 | ||||||
NVR, Inc. (b) | 1 | 1,026 | ||||||
Pulte Group, Inc. | 11 | 224 | ||||||
Standard Pacific Corp. (a)(b) | 139 | 1,258 | ||||||
Tempur Sealy International, Inc. (b) | 66 | 3,561 | ||||||
The Ryland Group, Inc. (a) | 22 | 955 | ||||||
Toll Brothers, Inc. (a)(b) | 14 | 518 | ||||||
Tupperware Brands Corp. | 59 | 5,577 | ||||||
Whirlpool Corp. | 88 | 13,804 | ||||||
73,816 | ||||||||
HOUSEHOLD PRODUCTS — 1.1% | ||||||||
Central Garden & Pet Co. (Class A) (a)(b) | 42 | 283 | ||||||
Church & Dwight Co., Inc. | 74 | 4,905 | ||||||
Colgate-Palmolive Co. | 362 | 23,606 | ||||||
Energizer Holdings, Inc. (a) | 41 | 4,438 | ||||||
Kimberly-Clark Corp. | 157 | 16,400 |
See accompanying notes to financial statements.
284
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
The Clorox Co. (a) | 54 | $ | 5,009 | |||||
The Procter & Gamble Co. | 953 | 77,584 | ||||||
WD-40 Co. | 12 | 896 | ||||||
133,121 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1% | ||||||||
NRG Energy, Inc. | 235 | 6,749 | ||||||
The AES Corp. | 448 | 6,501 | ||||||
13,250 | ||||||||
INDUSTRIAL CONGLOMERATES — 2.1% | ||||||||
3M Co. | 624 | 87,516 | ||||||
Carlisle Cos., Inc. | 46 | 3,653 | ||||||
Danaher Corp. (a) | 511 | 39,449 | ||||||
General Electric Co. | 4,144 | 116,156 | ||||||
246,774 | ||||||||
INSURANCE — 4.1% | ||||||||
ACE, Ltd. | 183 | 18,946 | ||||||
Aflac, Inc. | 338 | 22,578 | ||||||
Alleghany Corp. (b) | 8 | 3,200 | ||||||
American Financial Group, Inc. | 63 | 3,636 | ||||||
American International Group, Inc. | 1,447 | 73,869 | ||||||
AMERISAFE, Inc. | 15 | 634 | ||||||
Aon PLC | 301 | 25,251 | ||||||
Arthur J. Gallagher & Co. | 99 | 4,646 | ||||||
Aspen Insurance Holdings, Ltd. | 23 | 950 | ||||||
Assurant, Inc. (a) | 79 | 5,243 | ||||||
Brown & Brown, Inc. | 78 | 2,448 | ||||||
Cincinnati Financial Corp. (a) | 79 | 4,137 | ||||||
eHealth, Inc. (a)(b) | 18 | 837 | ||||||
Employers Holdings, Inc. | 18 | 570 | ||||||
Everest Re Group, Ltd. (a) | 39 | 6,079 | ||||||
Fidelity National Financial, Inc. (Class A) (a) | 143 | 4,640 | ||||||
First American Financial Corp. | 30 | 846 | ||||||
Genworth Financial, Inc. (Class A) (b) | 602 | 9,349 | ||||||
Hartford Financial Services Group, Inc. (a) | 475 | 17,209 | ||||||
HCC Insurance Holdings, Inc. (a) | 60 | 2,768 | ||||||
Horace Mann Educators Corp. | 42 | 1,325 | ||||||
Infinity Property & Casualty Corp. | 3 | 215 | ||||||
Kemper Corp. (a) | 33 | 1,349 | ||||||
Lincoln National Corp. (a) | 326 | 16,828 | ||||||
Loews Corp. | 87 | 4,197 | ||||||
Marsh & McLennan Cos., Inc. (a) | 435 | 21,037 | ||||||
Mercury General Corp. (a) | 28 | 1,392 | ||||||
MetLife, Inc. | 1,027 | 55,376 | ||||||
Old Republic International Corp. | 264 | 4,559 | ||||||
Primerica, Inc. | 66 | 2,832 | ||||||
Principal Financial Group, Inc. | 320 | 15,779 | ||||||
ProAssurance Corp. | 18 | 873 | ||||||
Protective Life Corp. | 92 | 4,661 | ||||||
Prudential Financial, Inc. | 485 | 44,727 | ||||||
Reinsurance Group of America, Inc. (a) | 52 | 4,025 | ||||||
RLI Corp. (a) | 18 | 1,753 | ||||||
Safety Insurance Group, Inc. (a) | 6 | 338 | ||||||
Selective Insurance Group, Inc. | 45 | 1,218 | ||||||
StanCorp Financial Group, Inc. (a) | 51 | 3,379 | ||||||
Stewart Information Services Corp. (a) | 21 | 678 | ||||||
The Allstate Corp. | 337 | 18,380 | ||||||
The Chubb Corp. (a) | 121 | 11,692 | ||||||
The Hanover Insurance Group, Inc. (a) | 58 | 3,463 | ||||||
The Navigators Group, Inc. (b) | 3 | 189 | ||||||
The Progressive Corp. | 437 | 11,917 | ||||||
The Travelers Cos., Inc. | 201 | 18,199 | ||||||
Torchmark Corp. | 96 | 7,502 | ||||||
United Fire Group, Inc. | 24 | 688 | ||||||
Unum Group (a) | 308 | 10,805 | ||||||
W.R. Berkley Corp. | 38 | 1,649 | ||||||
XL Group PLC | 190 | 6,050 | ||||||
484,911 | ||||||||
INTERNET & CATALOG RETAIL — 2.0% | ||||||||
Amazon.com, Inc. (b) | 316 | 126,018 | ||||||
Expedia, Inc. (a) | 3 | 209 | ||||||
FTD Cos., Inc. (b) | 27 | 880 | ||||||
HSN, Inc. (a) | 7 | 436 | ||||||
Netflix, Inc. (b) | 71 | 26,140 | ||||||
NutriSystem, Inc. (a) | 3 | 49 | ||||||
PetMed Express, Inc. (a) | 6 | 100 | ||||||
Priceline.com, Inc. (b) | 64 | 74,394 | ||||||
TripAdvisor, Inc. (b) | 132 | 10,933 | ||||||
239,159 | ||||||||
INTERNET SOFTWARE & SERVICES — 2.8% | ||||||||
Akamai Technologies, Inc. (a)(b) | 163 | 7,690 | ||||||
AOL, Inc. (a)(b) | 32 | 1,492 | ||||||
Blucora, Inc. (a)(b) | 51 | 1,487 | ||||||
comScore, Inc. (b) | 37 | 1,059 | ||||||
Dealertrack Technologies, Inc. (a)(b) | 51 | 2,452 | ||||||
Dice Holdings, Inc. (a)(b) | 3 | 22 | ||||||
Digital River, Inc. (a)(b) | 3 | 55 | ||||||
eBay, Inc. (a)(b) | 479 | 26,292 | ||||||
Equinix, Inc. (a)(b) | 11 | 1,952 | ||||||
Google, Inc. (Class A) (b) | 203 | 227,504 | ||||||
j2 Global, Inc. (a) | 53 | 2,651 | ||||||
Liquidity Services, Inc. (b) | 1 | 23 | ||||||
LivePerson, Inc. (a)(b) | 57 | 845 | ||||||
Monster Worldwide, Inc. (a)(b) | 3 | 21 | ||||||
NIC, Inc. | 43 | 1,069 | ||||||
OpenTable, Inc. (a)(b) | 27 | 2,143 | ||||||
Perficient, Inc. (a)(b) | 27 | 632 | ||||||
Rackspace Hosting, Inc. (a)(b) | 10 | 391 | ||||||
ValueClick, Inc. (a)(b) | 25 | 584 | ||||||
VeriSign, Inc. (a)(b) | 124 | 7,413 | ||||||
XO Group, Inc. (b) | 3 | 45 | ||||||
Yahoo!, Inc. (b) | 1,170 | 47,315 | ||||||
333,137 | ||||||||
IT SERVICES — 3.4% | ||||||||
Accenture PLC (Class A) | 184 | 15,129 | ||||||
Acxiom Corp. (b) | 78 | 2,884 | ||||||
Alliance Data Systems Corp. (a)(b) | 48 | 12,621 | ||||||
Automatic Data Processing, Inc. | 349 | 28,203 | ||||||
Broadridge Financial Solutions, Inc. | 102 | 4,031 | ||||||
CACI International, Inc. (Class A) (a)(b) | 21 | 1,538 | ||||||
Cardtronics, Inc. (b) | 36 | 1,564 |
See accompanying notes to financial statements.
285
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SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
CIBER, Inc. (b) | 12 | $ | 50 | |||||
Cognizant Technology Solutions Corp. (Class A) (b) | 181 | 18,277 | ||||||
Computer Sciences Corp. | 190 | 10,617 | ||||||
Convergys Corp. | 56 | 1,179 | ||||||
CoreLogic, Inc. (b) | 15 | 533 | ||||||
CSG Systems International, Inc. (a) | 39 | 1,147 | ||||||
DST Systems, Inc. | 32 | 2,904 | ||||||
ExlService Holdings, Inc. (a)(b) | 12 | 331 | ||||||
Fidelity National Information Services, Inc. | 305 | 16,372 | ||||||
Fiserv, Inc. (b) | 222 | 13,109 | ||||||
Gartner, Inc. (b) | 68 | 4,831 | ||||||
Global Payments, Inc. (a) | 27 | 1,755 | ||||||
Heartland Payment Systems, Inc. (a) | 41 | 2,043 | ||||||
iGate Corp. (a)(b) | 30 | 1,205 | ||||||
International Business Machines Corp. | 98 | 18,382 | ||||||
Jack Henry & Associates, Inc. | 73 | 4,322 | ||||||
Leidos Holdings, Inc. (a) | 85 | 3,952 | ||||||
Lender Processing Services, Inc. | 77 | 2,878 | ||||||
Mastercard, Inc. (Class A) | 108 | 90,230 | ||||||
MAXIMUS, Inc. | 78 | 3,431 | ||||||
NeuStar, Inc. (Class A) (a)(b) | 54 | 2,692 | ||||||
Paychex, Inc. (a) | 237 | 10,791 | ||||||
Science Applications International Corp. | 9 | 298 | ||||||
TeleTech Holdings, Inc. (b) | 3 | 72 | ||||||
Teradata Corp. (a)(b) | 5 | 227 | ||||||
The Western Union Co. (a) | 611 | 10,540 | ||||||
Total System Services, Inc. (a) | 142 | 4,726 | ||||||
VeriFone Systems, Inc. (b) | 3 | 80 | ||||||
Virtusa Corp. (a)(b) | 38 | 1,447 | ||||||
Visa, Inc. (Class A) (a) | 465 | 103,546 | ||||||
WEX, Inc. (b) | 18 | 1,783 | ||||||
399,720 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.2% | ||||||||
Arctic Cat, Inc. (a) | 15 | 855 | ||||||
Brunswick Corp. (a) | 102 | 4,698 | ||||||
Callaway Golf Co. | 21 | 177 | ||||||
Hasbro, Inc. (a) | 90 | 4,951 | ||||||
Mattel, Inc. (a) | 163 | 7,756 | ||||||
Polaris Industries, Inc. (a) | 71 | 10,340 | ||||||
Sturm Ruger & Co, Inc. | 21 | 1,535 | ||||||
30,312 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.8% | ||||||||
Affymetrix, Inc. (b) | 3 | 26 | ||||||
Agilent Technologies, Inc. | 345 | 19,731 | ||||||
Bio-Rad Laboratories, Inc. (Class A) (b) | 12 | 1,483 | ||||||
Cambrex Corp. (a)(b) | 36 | 642 | ||||||
Charles River Laboratories International, Inc. (a)(b) | 39 | 2,069 | ||||||
Covance, Inc. (a)(b) | 72 | 6,340 | ||||||
Life Technologies Corp. (b) | 189 | 14,326 | ||||||
PAREXEL International Corp. (b) | 63 | 2,846 | ||||||
PerkinElmer, Inc. (a) | 60 | 2,474 | ||||||
Techne Corp. (a) | 9 | 852 | ||||||
Thermo Fisher Scientific, Inc. (a) | 392 | 43,649 | ||||||
Waters Corp. (b) | 67 | 6,700 | ||||||
101,138 | ||||||||
MACHINERY — 2.4% | ||||||||
Actuant Corp. (Class A) (a) | 67 | 2,455 | ||||||
AGCO Corp. | 77 | 4,558 | ||||||
Albany International Corp. (Class A) | 30 | 1,078 | ||||||
Astec Industries, Inc. (a) | 3 | 116 | ||||||
Barnes Group, Inc. (a) | 50 | 1,916 | ||||||
Briggs & Stratton Corp. (a) | 45 | 979 | ||||||
Caterpillar, Inc. | 102 | 9,263 | ||||||
CIRCOR International, Inc. | 25 | 2,020 | ||||||
CLARCOR, Inc. (a) | 20 | 1,287 | ||||||
Crane Co. | 47 | 3,161 | ||||||
Cummins, Inc. | 182 | 25,657 | ||||||
Deere & Co. (a) | 36 | 3,288 | ||||||
Donaldson Co., Inc. (a) | 64 | 2,781 | ||||||
Dover Corp. | 200 | 19,308 | ||||||
EnPro Industries, Inc. (a)(b) | 21 | 1,211 | ||||||
ESCO Technologies, Inc. | 24 | 822 | ||||||
Federal Signal Corp. (b) | 60 | 879 | ||||||
Flowserve Corp. | 129 | 10,169 | ||||||
Graco, Inc. | 72 | 5,625 | ||||||
Harsco Corp. (a) | 43 | 1,205 | ||||||
IDEX Corp. | 90 | 6,646 | ||||||
Illinois Tool Works, Inc. (a) | 274 | 23,038 | ||||||
Ingersoll-Rand PLC | 265 | 16,324 | ||||||
ITT Corp. (a) | 111 | 4,820 | ||||||
John Bean Technologies Corp. (a) | 6 | 176 | ||||||
Joy Global, Inc. (a) | 3 | 175 | ||||||
Kennametal, Inc. (a) | 62 | 3,228 | ||||||
Lincoln Electric Holdings, Inc. (a) | 85 | 6,064 | ||||||
Lindsay Corp. (a) | 9 | 745 | ||||||
Lydall, Inc. (b) | 15 | 264 | ||||||
Mueller Industries, Inc. (a) | 8 | 504 | ||||||
Nordson Corp. (a) | 44 | 3,269 | ||||||
Oshkosh Corp. | 107 | 5,391 | ||||||
PACCAR, Inc. (a) | 302 | 17,869 | ||||||
Pall Corp. | 67 | 5,718 | ||||||
Parker Hannifin Corp. | 146 | 18,781 | ||||||
Pentair, Ltd. | 220 | 17,087 | ||||||
Snap-On, Inc. | 46 | 5,038 | ||||||
SPX Corp. | 28 | 2,789 | ||||||
Standex International Corp. (a) | 9 | 566 | ||||||
Stanley Black & Decker, Inc. (a) | 137 | 11,055 | ||||||
Tennant Co. (a) | 22 | 1,492 | ||||||
Terex Corp. | 123 | 5,165 | ||||||
The Toro Co. (a) | 38 | 2,417 | ||||||
Timken Co. (a) | 92 | 5,066 | ||||||
Trinity Industries, Inc. (a) | 70 | 3,816 | ||||||
Valmont Industries, Inc. (a) | 11 | 1,640 | ||||||
Wabtec Corp. | 100 | 7,427 | ||||||
Watts Water Technologies, Inc. (Class A) | 21 | 1,299 | ||||||
Woodward, Inc. | 36 | 1,642 | ||||||
Xylem, Inc. | 75 | 2,595 | ||||||
279,884 | ||||||||
MARINE — 0.1% | ||||||||
Kirby Corp. (a)(b) | 62 | 6,153 |
See accompanying notes to financial statements.
286
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Matson, Inc. (a) | 6 | $ | 157 | |||||
6,310 | ||||||||
MATERIALS — 0.2% | ||||||||
PPG Industries, Inc. | 149 | 28,259 | ||||||
MEDIA — 4.6% | ||||||||
AMC Networks, Inc. (Class A) (b) | 67 | 4,563 | ||||||
Cablevision Systems Corp. (Class A) (a) | 60 | 1,076 | ||||||
CBS Corp. | 694 | 44,236 | ||||||
Cinemark Holdings, Inc. | 67 | 2,233 | ||||||
Comcast Corp. (Class A) (a) | 1,406 | 73,063 | ||||||
DIRECTV (Class A) (b) | 210 | 14,509 | ||||||
Discovery Communications, Inc. (Series A) (b) | 232 | 20,978 | ||||||
DreamWorks Animation SKG, Inc. (Class A) (a)(b) | 64 | 2,272 | ||||||
Gannett Co., Inc. (a) | 271 | 8,016 | ||||||
John Wiley & Sons, Inc. (Class A) (a) | 6 | 331 | ||||||
Lamar Advertising Co. (Class A) (a)(b) | 31 | 1,620 | ||||||
Live Nation Entertainment, Inc. (a)(b) | 155 | 3,063 | ||||||
McGraw Hill Financial, Inc. | 183 | 14,311 | ||||||
Meredith Corp. (a) | 39 | 2,020 | ||||||
News Corp. (Class A) (b) | 47 | 847 | ||||||
Omnicom Group, Inc. (a) | 236 | 17,551 | ||||||
Scholastic Corp. (a) | 18 | 612 | ||||||
Scripps Networks Interactive, Inc. (Class A) (a) | 87 | 7,518 | ||||||
The E.W. Scripps Co. (Class A) (a)(b) | 24 | 521 | ||||||
The Interpublic Group of Cos., Inc. | 521 | 9,222 | ||||||
The New York Times Co. (Class A) (a) | 105 | 1,666 | ||||||
The Walt Disney Co. (a) | 1,390 | 106,196 | ||||||
Time Warner Cable, Inc. | 117 | 15,854 | ||||||
Time Warner, Inc. | 996 | 69,441 | ||||||
Twenty-First Century Fox, Inc. | 2,285 | 80,386 | ||||||
Valassis Communications, Inc. (a) | 33 | 1,130 | ||||||
Viacom, Inc. (Class B) | 480 | 41,923 | ||||||
545,158 | ||||||||
METALS & MINING — 0.3% | ||||||||
A.M. Castle & Co. (a)(b) | 3 | 44 | ||||||
AK Steel Holding Corp. (a)(b) | 3 | 25 | ||||||
Alcoa, Inc. (a) | 33 | 351 | ||||||
Allegheny Technologies, Inc. (a) | 51 | 1,817 | ||||||
AMCOL International Corp. (a) | 15 | 510 | ||||||
Carpenter Technology Corp. | 28 | 1,742 | ||||||
Century Aluminum Co. (b) | 3 | 31 | ||||||
Cliffs Natural Resources, Inc. (a) | 6 | 157 | ||||||
Commercial Metals Co. | 42 | 854 | ||||||
Compass Minerals International, Inc. (a) | 3 | 240 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 32 | 1,208 | ||||||
Globe Specialty Metals, Inc. (a) | 6 | 108 | ||||||
Kaiser Aluminum Corp. (a) | 15 | 1,054 | ||||||
Materion Corp. | 3 | 92 | ||||||
Newmont Mining Corp. (a) | 7 | 161 | ||||||
Nucor Corp. (a) | 191 | 10,195 | ||||||
Reliance Steel & Aluminum Co. (a) | 69 | 5,233 | ||||||
Royal Gold, Inc. (a) | 2 | 92 | ||||||
RTI International Metals, Inc. (a)(b) | 28 | 958 | ||||||
Steel Dynamics, Inc. (a) | 203 | 3,967 | ||||||
Stillwater Mining Co. (a)(b) | 85 | 1,049 | ||||||
United States Steel Corp. (a) | 6 | 177 | ||||||
Worthington Industries, Inc. (a) | 74 | 3,114 | ||||||
33,179 | ||||||||
MULTI-UTILITIES — 0.7% | ||||||||
Alliant Energy Corp. | 38 | 1,961 | ||||||
Ameren Corp. | 53 | 1,916 | ||||||
Avista Corp. (a) | 18 | 507 | ||||||
Black Hills Corp. (a) | 48 | 2,520 | ||||||
CenterPoint Energy, Inc. | 200 | 4,636 | ||||||
CMS Energy Corp. (a) | 76 | 2,035 | ||||||
Consolidated Edison, Inc. | 9 | 498 | ||||||
Dominion Resources, Inc. (a) | 348 | 22,512 | ||||||
DTE Energy Co. | 50 | 3,319 | ||||||
Integrys Energy Group, Inc. | 12 | 653 | ||||||
MDU Resources Group, Inc. | 161 | 4,919 | ||||||
NiSource, Inc. | 188 | 6,181 | ||||||
NorthWestern Corp. (a) | 30 | 1,300 | ||||||
PG&E Corp. | 70 | 2,820 | ||||||
Public Service Enterprise Group, Inc. (a) | 110 | 3,524 | ||||||
SCANA Corp. | 30 | 1,408 | ||||||
Sempra Energy (a) | 151 | 13,554 | ||||||
TECO Energy, Inc. (a) | 33 | 569 | ||||||
Vectren Corp. | 39 | 1,384 | ||||||
Wisconsin Energy Corp. (a) | 50 | 2,067 | ||||||
78,283 | ||||||||
MULTILINE RETAIL — 0.3% | ||||||||
Big Lots, Inc. (a)(b) | 39 | 1,259 | ||||||
Dollar General Corp. (b) | 122 | 7,359 | ||||||
Dollar Tree, Inc. (a)(b) | 212 | 11,961 | ||||||
Family Dollar Stores, Inc. | 27 | 1,754 | ||||||
Fred’s, Inc. (Class A) (a) | 21 | 389 | ||||||
J.C. Penney Co., Inc. (a)(b) | 6 | 55 | ||||||
Kohl’s Corp. (a) | 33 | 1,873 | ||||||
Macy’s, Inc. | 155 | 8,277 | ||||||
Nordstrom, Inc. (a) | 23 | 1,422 | ||||||
Target Corp. | 100 | 6,327 | ||||||
Tuesday Morning Corp. (a)(b) | 51 | 814 | ||||||
41,490 | ||||||||
OFFICE ELECTRONICS — 0.2% | ||||||||
Xerox Corp. (a) | 1,356 | 16,502 | ||||||
Zebra Technologies Corp. (Class A) (b) | 37 | 2,001 | ||||||
18,503 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 5.1% | ||||||||
Alpha Natural Resources, Inc. (a)(b) | 6 | 43 | ||||||
Anadarko Petroleum Corp. | 461 | 36,566 | ||||||
Apache Corp. (a) | 89 | 7,649 | ||||||
Approach Resources, Inc. (b) | 27 | 521 | ||||||
Arch Coal, Inc. (a) | 6 | 27 | ||||||
Bill Barrett Corp. (a)(b) | 3 | 80 | ||||||
Cabot Oil & Gas Corp. | 512 | 19,845 | ||||||
Carrizo Oil & Gas, Inc. (a)(b) | 36 | 1,612 | ||||||
Chesapeake Energy Corp. (a) | 401 | 10,883 | ||||||
Chevron Corp. (a) | 672 | 83,939 | ||||||
Cimarex Energy Co. | 101 | 10,596 | ||||||
Cloud Peak Energy, Inc. (b) | 44 | 792 | ||||||
Comstock Resources, Inc. (a) | 6 | 110 | ||||||
ConocoPhillips | 735 | 51,928 |
See accompanying notes to financial statements.
287
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
CONSOL Energy, Inc. (a) | 14 | $ | 533 | |||||
Denbury Resources, Inc. (a)(b) | 151 | 2,481 | ||||||
Devon Energy Corp. | 60 | 3,712 | ||||||
Energen Corp. | 85 | 6,014 | ||||||
EOG Resources, Inc. | 284 | 47,666 | ||||||
EQT Corp. | 157 | 14,095 | ||||||
Exxon Mobil Corp. (a) | 418 | 42,302 | ||||||
Forest Oil Corp. (b) | 3 | 11 | ||||||
Gulfport Energy Corp. (a)(b) | 96 | 6,062 | ||||||
Hess Corp. (a) | 319 | 26,477 | ||||||
HollyFrontier Corp. (a) | 82 | 4,075 | ||||||
Kinder Morgan, Inc. (a) | 149 | 5,364 | ||||||
Marathon Oil Corp. | 337 | 11,896 | ||||||
Marathon Petroleum Corp. | 149 | 13,668 | ||||||
Murphy Oil Corp. (a) | 107 | 6,942 | ||||||
Newfield Exploration Co. (a)(b) | 3 | 74 | ||||||
Noble Energy, Inc. | 347 | 23,634 | ||||||
Northern Oil and Gas, Inc. (a)(b) | 3 | 45 | ||||||
Occidental Petroleum Corp. | 433 | 41,178 | ||||||
PDC Energy, Inc. (a)(b) | 36 | 1,916 | ||||||
Peabody Energy Corp. (a) | 9 | 176 | ||||||
Penn Virginia Corp. (b) | 15 | 141 | ||||||
PetroQuest Energy, Inc. (b) | 6 | 26 | ||||||
Phillips 66 | 367 | 28,307 | ||||||
Pioneer Natural Resources Co. | 171 | 31,476 | ||||||
Range Resources Corp. (a) | 67 | 5,649 | ||||||
Rosetta Resources, Inc. (a)(b) | 29 | 1,393 | ||||||
SM Energy Co. (a) | 70 | 5,818 | ||||||
Southwestern Energy Co. (a)(b) | 78 | 3,068 | ||||||
Spectra Energy Corp. | 402 | 14,319 | ||||||
Stone Energy Corp. (b) | 46 | 1,591 | ||||||
Tesoro Corp. | 64 | 3,744 | ||||||
The Williams Cos., Inc. | 191 | 7,367 | ||||||
Valero Energy Corp. (a) | 429 | 21,622 | ||||||
World Fuel Services Corp. (a) | 3 | 129 | ||||||
WPX Energy, Inc. (a)(b) | 106 | 2,160 | ||||||
609,722 | ||||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||||
Clearwater Paper Corp. (b) | 18 | 945 | ||||||
Deltic Timber Corp. (a) | 3 | 204 | ||||||
Domtar Corp. | 6 | 566 | ||||||
International Paper Co. (a) | 324 | 15,886 | ||||||
KapStone Paper and Packaging Corp. (b) | 39 | 2,179 | ||||||
Louisiana-Pacific Corp. (b) | 40 | 740 | ||||||
Neenah Paper, Inc. (a) | 21 | 898 | ||||||
P.H. Glatfelter Co. | 44 | 1,216 | ||||||
Schweitzer-Mauduit International, Inc. | 40 | 2,059 | ||||||
Wausau Paper Corp. (a) | 36 | 456 | ||||||
Weyerhaeuser Co. (a) | 129 | 4,073 | ||||||
29,222 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Avon Products, Inc. | 370 | 6,371 | ||||||
Inter Parfums, Inc. (a) | 3 | 107 | ||||||
Medifast, Inc. (b) | 15 | 392 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 105 | 7,909 | ||||||
14,779 | ||||||||
PHARMACEUTICALS — 5.0% | ||||||||
AbbVie, Inc. | 1,354 | 71,505 | ||||||
Actavis PLC (b) | 201 | 33,768 | ||||||
Akorn, Inc. (b) | 83 | 2,044 | ||||||
Allergan, Inc. (a) | 47 | 5,221 | ||||||
Bristol-Myers Squibb Co. (a) | 1,718 | 91,312 | ||||||
Eli Lilly & Co. | 219 | 11,169 | ||||||
Endo Health Solutions, Inc. (b) | 134 | 9,040 | ||||||
Forest Laboratories, Inc. (b) | 154 | 9,245 | ||||||
Hospira, Inc. (a)(b) | 120 | 4,954 | ||||||
Johnson & Johnson | 1,872 | 171,456 | ||||||
Mallinckrodt PLC (a)(b) | 9 | 470 | ||||||
Merck & Co., Inc. | 833 | 41,692 | ||||||
Mylan, Inc. (a)(b) | 423 | 18,358 | ||||||
Perrigo Co. PLC (a) | 25 | 3,836 | ||||||
Pfizer, Inc. | 3,062 | 93,789 | ||||||
Prestige Brands Holdings, Inc. (b) | 60 | 2,148 | ||||||
Questcor Pharmaceuticals, Inc. (a) | 68 | 3,703 | ||||||
Salix Pharmaceuticals, Ltd. (a)(b) | 76 | 6,835 | ||||||
The Medicines Co. (b) | 57 | �� | 2,201 | |||||
ViroPharma, Inc. (b) | 73 | 3,639 | ||||||
Zoetis, Inc. | 78 | 2,550 | ||||||
588,935 | ||||||||
PROFESSIONAL SERVICES — 0.5% | ||||||||
CDI Corp. | 15 | 278 | ||||||
Dun & Bradstreet Corp. (a) | 26 | 3,192 | ||||||
Equifax, Inc. | 65 | 4,491 | ||||||
Exponent, Inc. | 9 | 697 | ||||||
FTI Consulting, Inc. (a)(b) | 31 | 1,275 | ||||||
Insperity, Inc. | 25 | 903 | ||||||
Korn/Ferry International (b) | 67 | 1,750 | ||||||
Manpower, Inc. (a) | 97 | 8,328 | ||||||
Navigant Consulting, Inc. (a)(b) | 75 | 1,440 | ||||||
Nielsen Holdings NV | 193 | 8,857 | ||||||
On Assignment, Inc. (b) | 54 | 1,886 | ||||||
Resources Connection, Inc. | 30 | 430 | ||||||
Robert Half International, Inc. | 145 | 6,089 | ||||||
The Corporate Executive Board Co. | 36 | 2,787 | ||||||
Towers Watson & Co. (Class A) (a) | 79 | 10,081 | ||||||
TrueBlue, Inc. (b) | 27 | 696 | ||||||
WageWorks, Inc. (b) | 42 | 2,496 | ||||||
55,676 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 1.1% | ||||||||
Acadia Realty Trust | 36 | 894 | ||||||
Alexandria Real Estate Equities, Inc. | 14 | 891 | ||||||
American Campus Communities, Inc. | 3 | 97 | ||||||
American Tower Corp. (a) | 37 | 2,953 | ||||||
Apartment Investment & Management Co. (Class A) | 59 | 1,529 | ||||||
AvalonBay Communities, Inc. (a) | 11 | 1,300 | ||||||
BioMed Realty Trust, Inc. (a) | 30 | 544 | ||||||
Boston Properties, Inc. | 34 | 3,413 | ||||||
BRE Properties, Inc. | 21 | 1,149 | ||||||
Camden Property Trust | 8 | 455 | ||||||
Cedar Realty Trust, Inc. (a) | 60 | 376 | ||||||
Coresite Realty Corp. | 24 | 772 | ||||||
Corporate Office Properties Trust (a) | 8 | 189 | ||||||
Corrections Corp. of America (a) | 104 | 3,335 |
See accompanying notes to financial statements.
288
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Cousins Properties, Inc. | 106 | $ | 1,092 | |||||
DiamondRock Hospitality Co. (a) | 155 | 1,790 | ||||||
Duke Realty Corp. | 130 | 1,955 | ||||||
EastGroup Properties, Inc. | 24 | 1,390 | ||||||
EPR Properties (a) | 27 | 1,327 | ||||||
Equity One, Inc. (a) | 54 | 1,212 | ||||||
Equity Residential | 30 | 1,556 | ||||||
Essex Property Trust, Inc. | 9 | 1,292 | ||||||
Extra Space Storage, Inc. (a) | 109 | 4,592 | ||||||
Federal Realty Investment Trust (a) | 6 | 608 | ||||||
Franklin Street Properties Corp. | 75 | 896 | ||||||
Getty Realty Corp. | 15 | 275 | ||||||
Government Properties Income Trust (a) | 33 | 820 | ||||||
HCP, Inc. | 43 | 1,562 | ||||||
Health Care REIT, Inc. | 82 | 4,393 | ||||||
Healthcare Realty Trust, Inc. | 25 | 533 | ||||||
Highwoods Properties, Inc. (a) | 28 | 1,013 | ||||||
Home Properties, Inc. | 18 | 965 | ||||||
Hospitality Properties Trust | 102 | 2,757 | ||||||
Host Hotels & Resorts, Inc. (a) | 451 | 8,767 | ||||||
Inland Real Estate Corp. (a) | 48 | 505 | ||||||
Kilroy Realty Corp. | 40 | 2,007 | ||||||
Kimco Realty Corp. (a) | 91 | 1,797 | ||||||
Kite Realty Group Trust (a) | 60 | 394 | ||||||
LaSalle Hotel Properties (a) | 58 | 1,790 | ||||||
Lexington Realty Trust (a) | 116 | 1,184 | ||||||
Liberty Property Trust | 34 | 1,152 | ||||||
LTC Properties, Inc. | 18 | 637 | ||||||
Mack-Cali Realty Corp. | 12 | 258 | ||||||
Medical Properties Trust, Inc. (a) | 56 | 684 | ||||||
Mid-America Apartment Communities, Inc. (a) | 20 | 1,215 | ||||||
National Retail Properties, Inc. (a) | 27 | 819 | ||||||
OMEGA Healthcare Investors, Inc. | 131 | 3,904 | ||||||
Parkway Properties, Inc. | 49 | 945 | ||||||
Pennsylvania Real Estate Investment Trust | 63 | 1,196 | ||||||
Plum Creek Timber Co., Inc. | 46 | 2,139 | ||||||
Post Properties, Inc. (a) | 9 | 407 | ||||||
Potlatch Corp. | 9 | 376 | ||||||
ProLogis (a) | 173 | 6,392 | ||||||
PS Business Parks, Inc. | 15 | 1,146 | ||||||
Public Storage | 69 | 10,386 | ||||||
Rayonier, Inc. | 60 | 2,526 | ||||||
Realty Income Corp. (a) | 43 | 1,605 | ||||||
Regency Centers Corp. (a) | 31 | 1,435 | ||||||
Saul Centers, Inc. | 12 | 573 | ||||||
Senior Housing Properties Trust | 54 | 1,200 | ||||||
Simon Property Group, Inc. | 29 | 4,413 | ||||||
SL Green Realty Corp. (a) | 44 | 4,065 | ||||||
Sovran Self Storage, Inc. | 27 | 1,760 | ||||||
Tanger Factory Outlet Centers, Inc. | 21 | 672 | ||||||
Taubman Centers, Inc. | 14 | 895 | ||||||
The Macerich Co. (a) | 39 | 2,297 | ||||||
UDR, Inc. (a) | 57 | 1,331 | ||||||
Universal Health Realty Income Trust | 12 | 481 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 15 | 277 | ||||||
Ventas, Inc. (a) | 46 | 2,635 | ||||||
Vornado Realty Trust | 49 | 4,351 | ||||||
Weingarten Realty Investors | 59 | 1,618 | ||||||
128,159 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.1% | ||||||||
Alexander & Baldwin, Inc. (a) | 18 | 751 | ||||||
CBRE Group, Inc. (a)(b) | 202 | 5,313 | ||||||
Forestar Group, Inc. (a)(b) | 30 | 638 | ||||||
Jones Lang LaSalle, Inc. | 15 | 1,536 | ||||||
8,238 | ||||||||
ROAD & RAIL — 1.1% | ||||||||
Con-way, Inc. | 63 | 2,502 | ||||||
CSX Corp. | 741 | 21,319 | ||||||
Genesee & Wyoming, Inc. (Class A) (a)(b) | 31 | 2,978 | ||||||
Heartland Express, Inc. (a) | 6 | 118 | ||||||
J.B. Hunt Transport Services, Inc. (a) | 55 | 4,251 | ||||||
Kansas City Southern (a) | 101 | 12,507 | ||||||
Knight Transportation, Inc. (a) | 6 | 110 | ||||||
Landstar System, Inc. | 12 | 689 | ||||||
Norfolk Southern Corp. | 227 | 21,072 | ||||||
Old Dominion Freight Line, Inc. (a)(b) | 57 | 3,022 | ||||||
Ryder Systems, Inc. (a) | 44 | 3,246 | ||||||
Union Pacific Corp. | 337 | 56,616 | ||||||
Werner Enterprises, Inc. (a) | 3 | 74 | ||||||
128,504 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.2% | ||||||||
Advanced Energy Industries, Inc. (a)(b) | 33 | 754 | ||||||
Advanced Micro Devices, Inc. (a)(b) | 755 | 2,922 | ||||||
Altera Corp. | 192 | 6,246 | ||||||
Analog Devices, Inc. (a) | 187 | 9,524 | ||||||
Applied Materials, Inc. (a) | 1,408 | 24,908 | ||||||
Atmel Corp. (a)(b) | 500 | 3,915 | ||||||
ATMI, Inc. (b) | 3 | 91 | ||||||
Broadcom Corp. (Class A) (a) | 17 | 504 | ||||||
Brooks Automation, Inc. (a) | 3 | 31 | ||||||
Cabot Microelectronics Corp. (b) | 21 | 960 | ||||||
Cirrus Logic, Inc. (a)(b) | 2 | 41 | ||||||
Cree, Inc. (a)(b) | 142 | 8,885 | ||||||
Cypress Semiconductor Corp. (a)(b) | 3 | 31 | ||||||
Diodes, Inc. (b) | 35 | 825 | ||||||
DSP Group, Inc. (b) | 3 | 29 | ||||||
Entropic Communications, Inc. (b) | 15 | 71 | ||||||
Exar Corp. (b) | 42 | 495 | ||||||
Fairchild Semiconductor International, Inc. (a)(b) | 61 | 814 | ||||||
First Solar, Inc. (a)(b) | 70 | 3,825 | ||||||
GT Advanced Technologies, Inc. (a)(b) | 153 | 1,334 | ||||||
Hittite Microwave Corp. (b) | 9 | 556 | ||||||
Integrated Device Technology, Inc. (a)(b) | 170 | 1,732 | ||||||
Intel Corp. (a) | 1,418 | 36,811 | ||||||
International Rectifier Corp. (a)(b) | 83 | 2,164 | ||||||
Intersil Corp. (Class A) | 149 | 1,709 | ||||||
KLA-Tencor Corp. | 142 | 9,153 | ||||||
Kopin Corp. (a)(b) | 6 | 25 | ||||||
Kulicke & Soffa Industries, Inc. (a)(b) | 21 | 279 | ||||||
Lam Research Corp. (a)(b) | 170 | 9,256 |
See accompanying notes to financial statements.
289
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Linear Technology Corp. (a) | 184 | $ | 8,381 | |||||
LSI Corp. (a) | 190 | 2,094 | ||||||
Micrel, Inc. (a) | 6 | 59 | ||||||
Microchip Technology, Inc. (a) | 168 | 7,518 | ||||||
Micron Technology, Inc. (b) | 1,248 | 27,156 | ||||||
Microsemi Corp. (a)(b) | 62 | 1,547 | ||||||
MKS Instruments, Inc. | 9 | 269 | ||||||
Monolithic Power Systems, Inc. (a)(b) | 36 | 1,248 | ||||||
NVIDIA Corp. | 494 | 7,914 | ||||||
Pericom Semiconductor Corp. (b) | 6 | 53 | ||||||
Power Integrations, Inc. (a) | 37 | 2,065 | ||||||
RF Micro Devices, Inc. (a)(b) | 219 | 1,130 | ||||||
Rubicon Technology, Inc. (b) | 3 | 30 | ||||||
Rudolph Technologies, Inc. (a)(b) | 36 | 423 | ||||||
Semtech Corp. (a)(b) | 32 | 809 | ||||||
Silicon Laboratories, Inc. (a)(b) | 23 | 996 | ||||||
Skyworks Solutions, Inc. (a)(b) | 30 | 857 | ||||||
SunEdison, Inc. (a)(b) | 282 | 3,680 | ||||||
Supertex, Inc. (b) | 3 | 75 | ||||||
Synaptics, Inc. (a)(b) | 33 | 1,710 | ||||||
Teradyne, Inc. (b) | 101 | 1,780 | ||||||
Tessera Technologies, Inc. (a) | 41 | 808 | ||||||
Texas Instruments, Inc. | 1,149 | 50,453 | ||||||
TriQuint Semiconductor, Inc. (a)(b) | 193 | 1,610 | ||||||
Ultratech, Inc. (a)(b) | 30 | 870 | ||||||
Veeco Instruments, Inc. (a)(b) | 4 | 132 | ||||||
Xilinx, Inc. | 278 | 12,766 | ||||||
264,323 | ||||||||
SOFTWARE — 3.0% | ||||||||
ACI Worldwide, Inc. (b) | 36 | 2,340 | ||||||
Adobe Systems, Inc. (a)(b) | 517 | 30,958 | ||||||
Advent Software, Inc. (a) | 35 | 1,225 | ||||||
Ansys, Inc. (a)(b) | 56 | 4,883 | ||||||
Autodesk, Inc. (b) | 176 | 8,858 | ||||||
Blackbaud, Inc. | 54 | 2,033 | ||||||
Bottomline Technologies, Inc. (a)(b) | 35 | 1,266 | ||||||
CA, Inc. | 301 | 10,129 | ||||||
Cadence Design Systems, Inc. (a)(b) | 63 | 883 | ||||||
Citrix Systems, Inc. (b) | 65 | 4,111 | ||||||
CommVault Systems, Inc. (a)(b) | 43 | 3,220 | ||||||
Compuware Corp. | 183 | 2,051 | ||||||
Concur Technologies, Inc. (a)(b) | 55 | 5,675 | ||||||
Ebix, Inc. (a) | 33 | 486 | ||||||
Electronic Arts, Inc. (a)(b) | 368 | 8,442 | ||||||
EPIQ Systems, Inc. | 3 | 49 | ||||||
FactSet Research Systems, Inc. (a) | 17 | 1,846 | ||||||
Fair Isaac Corp. (a) | 10 | 628 | ||||||
Informatica Corp. (a)(b) | 113 | 4,689 | ||||||
Interactive Intelligence Group (a)(b) | 23 | 1,549 | ||||||
Intuit, Inc. (a) | 103 | 7,861 | ||||||
Manhattan Associates, Inc. (a)(b) | 21 | 2,467 | ||||||
Mentor Graphics Corp. (a) | 99 | 2,383 | ||||||
MICROS Systems, Inc. (a)(b) | 12 | 688 | ||||||
Microsoft Corp. | 4,075 | 152,527 | ||||||
MicroStrategy, Inc. (a)(b) | 3 | 373 | ||||||
Monotype Imaging Holdings, Inc. | 58 | 1,848 | ||||||
Netscout Systems, Inc. (a)(b) | 8 | 237 | ||||||
Oracle Corp. (a) | 768 | 29,384 | ||||||
Progress Software Corp. (a)(b) | 43 | 1,111 | ||||||
PTC, Inc. (b) | 117 | 4,141 | ||||||
Quality Systems, Inc. (a) | 34 | 716 | ||||||
Red Hat, Inc. (b) | 18 | 1,009 | ||||||
Rovi Corp. (a)(b) | 119 | 2,343 | ||||||
Salesforce.com, Inc. (a)(b) | 538 | 29,692 | ||||||
SolarWinds, Inc. (a)(b) | 2 | 76 | ||||||
Solera Holdings, Inc. | 24 | 1,698 | ||||||
Symantec Corp. | 641 | 15,115 | ||||||
Synchronoss Technologies, Inc. (a)(b) | 32 | 994 | ||||||
Synopsys, Inc. (b) | 63 | 2,556 | ||||||
Take-Two Interactive Software, Inc. (a)(b) | 124 | 2,154 | ||||||
Tangoe, Inc. (a)(b) | 41 | 738 | ||||||
TIBCO Software, Inc. (a)(b) | 5 | 112 | ||||||
Tyler Technologies, Inc. (a)(b) | 38 | 3,881 | ||||||
Vasco Data Security International (b) | 15 | 116 | ||||||
359,541 | ||||||||
SPECIALTY RETAIL — 2.9% | ||||||||
Aaron’s, Inc. (a) | 15 | 441 | ||||||
Abercrombie & Fitch Co. (Class A) (a) | 36 | 1,185 | ||||||
Advance Auto Parts, Inc. | 34 | 3,763 | ||||||
Aeropostale, Inc. (a)(b) | 12 | 109 | ||||||
American Eagle Outfitters, Inc. (a) | 16 | 230 | ||||||
ANN, Inc. (a)(b) | 14 | 512 | ||||||
Ascena Retail Group, Inc. (a)(b) | 44 | 931 | ||||||
AutoNation, Inc. (a)(b) | 33 | 1,640 | ||||||
AutoZone, Inc. (a)(b) | 12 | 5,735 | ||||||
Barnes & Noble, Inc. (b) | 9 | 135 | ||||||
Bed Bath & Beyond, Inc. (a)(b) | 186 | 14,936 | ||||||
Best Buy Co., Inc. | 333 | 13,280 | ||||||
Big 5 Sporting Goods Corp. | 18 | 357 | ||||||
Brown Shoe Co., Inc. | 51 | 1,435 | ||||||
Cabela’s, Inc. (a)(b) | 57 | 3,800 | ||||||
CarMax, Inc. (a)(b) | 233 | 10,956 | ||||||
Chico’s FAS, Inc. (a) | 5 | 94 | ||||||
Christopher & Banks Corp. (b) | 12 | 102 | ||||||
CST Brands, Inc. (a) | 17 | 624 | ||||||
Dick’s Sporting Goods, Inc. | 35 | 2,034 | ||||||
Foot Locker, Inc. (a) | 42 | 1,740 | ||||||
GameStop Corp. (Class A) (a) | 145 | 7,143 | ||||||
Genesco, Inc. (a)(b) | 12 | 877 | ||||||
Group 1 Automotive, Inc. (a) | 6 | 426 | ||||||
Guess?, Inc. (a) | 47 | 1,460 | ||||||
Haverty Furniture Cos., Inc. (a) | 15 | 470 | ||||||
Hibbett Sports, Inc. (a)(b) | 4 | 269 | ||||||
Jos. A. Bank Clothiers, Inc. (a)(b) | 3 | 164 | ||||||
L Brands, Inc. | 223 | 13,793 | ||||||
Lithia Motors, Inc. (Class A) (a) | 24 | 1,666 | ||||||
Lowe’s Cos., Inc. (a) | 1,164 | 57,676 | ||||||
Lumber Liquidators Holdings, Inc. (a)(b) | 33 | 3,395 | ||||||
MarineMax, Inc. (a)(b) | 6 | 96 | ||||||
Monro Muffler Brake, Inc. (a) | 30 | 1,691 | ||||||
Murphy USA, Inc. (a)(b) | 26 | 1,081 | ||||||
O’Reilly Automotive, Inc. (b) | 120 | 15,445 | ||||||
Office Depot, Inc. (a)(b) | 597 | 3,158 | ||||||
Outerwall, Inc. (a)(b) | 18 | 1,211 | ||||||
Pep Boys-Manny, Moe & Jack (a)(b) | 3 | 36 | ||||||
PetSmart, Inc. (a) | 43 | 3,128 | ||||||
Rent-A-Center, Inc. (a) | 18 | 600 |
See accompanying notes to financial statements.
290
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Ross Stores, Inc. | 116 | $ | 8,692 | |||||
Select Comfort Corp. (a)(b) | 20 | 422 | ||||||
Signet Jewelers, Ltd. (a) | 89 | 7,004 | ||||||
Sonic Automotive, Inc. (Class A) (a) | 33 | 808 | ||||||
Stage Stores, Inc. (a) | 33 | 733 | ||||||
Staples, Inc. (a) | 517 | 8,215 | ||||||
Stein Mart, Inc. | 18 | 242 | ||||||
The Buckle, Inc. (a) | 30 | 1,577 | ||||||
The Cato Corp. (Class A) | 18 | 572 | ||||||
The Children’s Place Retail Stores, Inc. (a)(b) | 2 | 114 | ||||||
The Finish Line, Inc. (Class A) (a) | 27 | 761 | ||||||
The Gap, Inc. (a) | 96 | 3,752 | ||||||
The Home Depot, Inc. (a) | 842 | 69,330 | ||||||
The Men’s Wearhouse, Inc. | 10 | 511 | ||||||
Tiffany & Co. (a) | 66 | 6,124 | ||||||
TJX Cos., Inc. (a) | 656 | 41,807 | ||||||
Tractor Supply Co. (a) | 137 | 10,628 | ||||||
Urban Outfitters, Inc. (a)(b) | 17 | 631 | ||||||
Vitamin Shoppe, Inc. (a)(b) | 7 | 364 | ||||||
Williams-Sonoma, Inc. | 53 | 3,089 | ||||||
Zale Corp. (a)(b) | 33 | 520 | ||||||
Zumiez, Inc. (a)(b) | 15 | 390 | ||||||
344,110 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.2% | ||||||||
Carter’s, Inc. (a) | 52 | 3,733 | ||||||
Coach, Inc. (a) | 27 | 1,516 | ||||||
Crocs, Inc. (b) | 9 | 143 | ||||||
Deckers Outdoor Corp. (a)(b) | 43 | 3,632 | ||||||
Fifth & Pacific Cos., Inc. (a)(b) | 133 | 4,265 | ||||||
Fossil Group, Inc. (b) | 43 | 5,157 | ||||||
Hanesbrands, Inc. | 113 | 7,941 | ||||||
Iconix Brand Group, Inc. (a)(b) | 66 | 2,620 | ||||||
Movado Group, Inc. | 21 | 924 | ||||||
NIKE, Inc. (Class B) | 875 | 68,810 | ||||||
Oxford Industries, Inc. (a) | 15 | 1,210 | ||||||
PVH Corp. (a) | 23 | 3,129 | ||||||
Quiksilver, Inc. (a)(b) | 153 | 1,342 | ||||||
Ralph Lauren Corp. (a) | 17 | 3,002 | ||||||
Skechers U.S.A., Inc. (a)(b) | 42 | 1,391 | ||||||
Steven Madden, Ltd. (b) | 36 | 1,317 | ||||||
Under Armour, Inc. (Class A) (a)(b) | 89 | 7,770 | ||||||
V.F. Corp. (a) | 280 | 17,455 | ||||||
Wolverine World Wide, Inc. (a) | 98 | 3,328 | ||||||
138,685 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Astoria Financial Corp. (a) | 66 | 913 | ||||||
Bank Mutual Corp. (a) | 45 | 316 | ||||||
BofI Holding, Inc. (a)(b) | 15 | 1,177 | ||||||
Brookline Bancorp, Inc. (a) | 24 | 230 | ||||||
Dime Community Bancshares (a) | 24 | 406 | ||||||
Hudson City Bancorp, Inc. | 135 | 1,273 | ||||||
New York Community Bancorp, Inc. (a) | 181 | 3,050 | ||||||
Northwest Bancshares, Inc. | 21 | 310 | ||||||
Oritani Financial Corp. | 27 | 433 | ||||||
People’s United Financial, Inc. (a) | 193 | 2,918 | ||||||
Provident Financial Services, Inc. | 42 | 811 | ||||||
TrustCo Bank Corp. NY (a) | 69 | 495 | ||||||
Washington Federal, Inc. | 76 | 1,770 | ||||||
14,102 | ||||||||
TOBACCO — 0.6% | ||||||||
Alliance One International, Inc. (b) | 60 | 183 | ||||||
Altria Group, Inc. | 697 | 26,758 | ||||||
Lorillard, Inc. | 201 | 10,187 | ||||||
Philip Morris International, Inc. | 256 | 22,305 | ||||||
Reynolds American, Inc. | 190 | 9,498 | ||||||
Universal Corp. (a) | 18 | 983 | ||||||
69,914 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.3% | ||||||||
Applied Industrial Technologies, Inc. | 33 | 1,620 | ||||||
DXP Enterprises, Inc. (b) | 12 | 1,382 | ||||||
Fastenal Co. (a) | 112 | 5,321 | ||||||
GATX Corp. | 22 | 1,148 | ||||||
Kaman Corp. (a) | 9 | 358 | ||||||
MSC Industrial Direct Co., Inc. (Class A) (a) | 14 | 1,132 | ||||||
United Rentals, Inc. (a)(b) | 97 | 7,561 | ||||||
W.W. Grainger, Inc. | 53 | 13,537 | ||||||
Watsco, Inc. | 24 | 2,306 | ||||||
34,365 | ||||||||
WATER UTILITIES — 0.0% (d) | ||||||||
American States Water Co. | 36 | 1,034 | ||||||
Aqua America, Inc. | 125 | 2,949 | ||||||
3,983 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.1% | ||||||||
Crown Castle International Corp. (b) | 99 | 7,270 | ||||||
Telephone & Data Systems, Inc. | 53 | 1,366 | ||||||
USA Mobility, Inc. (a) | 3 | 43 | ||||||
8,679 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $9,219,901) | 11,800,157 | |||||||
SHORT TERM INVESTMENTS — 18.4% | ||||||||
MONEY MARKET FUNDS — 18.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 2,156,250 | 2,156,250 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (f)(g) | 17,883 | 17,883 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $2,174,133) | 2,174,133 | |||||||
TOTAL INVESTMENTS — 118.1% (h) | ||||||||
(Cost $11,394,034) | 13,974,290 | |||||||
OTHER ASSETS & LIABILITIES — (18.1)% | (2,145,938 | ) | ||||||
NET ASSETS — 100.0% | $ | 11,828,352 | ||||||
See accompanying notes to financial statements.
291
SPDR S&P 1500 Momentum Tilt ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
292
SPDR Russell 1000 Low Volatility ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AEROSPACE & DEFENSE — 5.8% | ||||||||
Alliant Techsystems, Inc. (a) | 790 | $ | 96,127 | |||||
General Dynamics Corp. (a) | 955 | 91,250 | ||||||
Raytheon Co. | 2,264 | 205,345 | ||||||
United Technologies Corp. | 1,729 | 196,760 | ||||||
589,482 | ||||||||
AIR FREIGHT & LOGISTICS — 2.0% | ||||||||
United Parcel Service, Inc. (Class B) (a) | 1,942 | 204,065 | ||||||
BEVERAGES — 3.3% | ||||||||
PepsiCo, Inc. (a) | 2,372 | 196,734 | ||||||
The Coca-Cola Co. | 3,546 | 146,485 | ||||||
343,219 | ||||||||
CAPITAL MARKETS — 1.4% | ||||||||
State Street Corp. (b) | 1,954 | 143,404 | ||||||
CHEMICALS — 0.4% | ||||||||
Sigma-Aldrich Corp. (a) | 401 | 37,698 | ||||||
COMMERCIAL BANKS — 3.5% | ||||||||
Fifth Third Bancorp (a) | 2,384 | 50,136 | ||||||
SunTrust Banks, Inc. (a) | 206 | 7,583 | �� | |||||
U.S. Bancorp (a) | 4,996 | 201,838 | ||||||
Wells Fargo & Co. (a) | 2,282 | 103,603 | ||||||
363,160 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.6% | ||||||||
Cintas Corp. (a) | 1,015 | 60,484 | ||||||
DISTRIBUTORS — 0.9% | ||||||||
Genuine Parts Co. (a) | 1,102 | 91,675 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 1.4% | ||||||||
Berkshire Hathaway, Inc. (Class B) (a)(c) | 1,210 | 143,458 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.2% | ||||||||
AT&T, Inc. (a) | 4,482 | 157,587 | ||||||
Verizon Communications, Inc. (a) | 1,320 | 64,865 | ||||||
222,452 | ||||||||
ELECTRIC UTILITIES — 9.1% | ||||||||
American Electric Power Co., Inc. (a) | 4,222 | 197,336 | ||||||
Duke Energy Corp. | 2,316 | 159,827 | ||||||
Edison International (a) | 287 | 13,288 | ||||||
Pepco Holdings, Inc. (a) | 8,655 | 165,570 | ||||||
PPL Corp. (a) | 1,010 | 30,391 | ||||||
Southern Co. | 4,278 | 175,869 | ||||||
Xcel Energy, Inc. (a) | 6,788 | 189,657 | ||||||
931,938 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.6% | ||||||||
Halliburton Co. (a) | 3,301 | 167,526 | ||||||
FOOD & STAPLES RETAILING — 1.0% | ||||||||
Costco Wholesale Corp. (a) | 145 | 17,256 | ||||||
Sysco Corp. (a) | 2,316 | 83,608 | ||||||
100,864 | ||||||||
FOOD PRODUCTS — 5.5% | ||||||||
ConAgra Foods, Inc. (a) | 914 | 30,802 | ||||||
General Mills, Inc. (a) | 3,758 | 187,562 | ||||||
Kellogg Co. (a) | 2,866 | 175,026 | ||||||
Mondelez International, Inc. (Class A) (a) | 4,931 | 174,064 | ||||||
567,454 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 7.3% | ||||||||
Abbott Laboratories (a) | 4,892 | 187,510 | ||||||
Becton, Dickinson and Co. (a) | 1,465 | 161,868 | ||||||
C.R. Bard, Inc. | 1,271 | 170,238 | ||||||
Covidien PLC | 2,987 | 203,415 | ||||||
Stryker Corp. (a) | 275 | 20,663 | ||||||
743,694 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 2.0% | ||||||||
McDonald’s Corp. (a) | 2,101 | 203,860 | ||||||
HOUSEHOLD PRODUCTS — 6.3% | ||||||||
Colgate-Palmolive Co. | 1,021 | 66,579 | ||||||
Kimberly-Clark Corp. | 1,819 | 190,013 | ||||||
The Clorox Co. | 2,156 | 199,991 | ||||||
The Procter & Gamble Co. | 2,302 | 187,406 | ||||||
643,989 | ||||||||
INDUSTRIAL CONGLOMERATES — 2.6% | ||||||||
3M Co. (a) | 1,481 | 207,710 | ||||||
General Electric Co. (a) | 2,096 | 58,751 | ||||||
266,461 | ||||||||
INSURANCE — 2.7% | ||||||||
ACE, Ltd. (a) | 172 | 17,807 | ||||||
Arthur J. Gallagher & Co. | 1,629 | 76,449 | ||||||
The Allstate Corp. (a) | 435 | 23,725 | ||||||
Torchmark Corp. | 1,394 | 108,941 | ||||||
Validus Holdings, Ltd. (a) | 250 | 10,073 | ||||||
W.R. Berkley Corp. | 232 | 10,066 | ||||||
XL Group PLC (a) | 1,062 | 33,814 | ||||||
280,875 | ||||||||
INTERNET SOFTWARE & SERVICES — 1.5% | ||||||||
Google, Inc. (Class A) (a)(c) | 138 | 154,658 | ||||||
IT SERVICES — 9.2% | ||||||||
Alliance Data Systems Corp. (a)(c) | 798 | 209,818 | ||||||
Amdocs, Ltd. (a) | 4,918 | 202,818 | ||||||
Automatic Data Processing, Inc. (a) | 1,558 | 125,902 | ||||||
Fiserv, Inc. (a)(c) | 3,475 | 205,199 | ||||||
International Business Machines Corp. (a) | 763 | 143,116 | ||||||
Paychex, Inc. | 1,265 | 57,596 | ||||||
944,449 | ||||||||
MACHINERY — 1.3% | ||||||||
Caterpillar, Inc. (a) | 1,351 | 122,684 | ||||||
Flowserve Corp. (a) | 148 | 11,667 | ||||||
134,351 | ||||||||
MEDIA — 2.3% | ||||||||
The Walt Disney Co. (a) | 2,746 | 209,795 | ||||||
Time Warner, Inc. (a) | 442 | 30,816 | ||||||
240,611 | ||||||||
MULTI-UTILITIES — 5.3% | ||||||||
CMS Energy Corp. | 2,063 | 55,227 | ||||||
Consolidated Edison, Inc. (a) | 3,398 | 187,842 | ||||||
Dominion Resources, Inc. | 2,915 | 188,571 |
See accompanying notes to financial statements.
293
SPDR Russell 1000 Low Volatility ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Public Service Enterprise Group, Inc. (a) | 158 | $ | 5,062 | |||||
SCANA Corp. (a) | 380 | 17,833 | ||||||
Sempra Energy (a) | 403 | 36,173 | ||||||
Wisconsin Energy Corp. (a) | 1,343 | 55,520 | ||||||
546,228 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 3.8% | ||||||||
Chevron Corp. (a) | 1,425 | 177,997 | ||||||
Exxon Mobil Corp. (a) | 2,044 | 206,853 | ||||||
The Williams Cos., Inc. (a) | 36 | 1,388 | ||||||
386,238 | ||||||||
PHARMACEUTICALS — 4.5% | ||||||||
Johnson & Johnson (a) | 2,121 | 194,262 | ||||||
Merck & Co., Inc. | 825 | 41,291 | ||||||
Mylan, Inc. (c) | 2,365 | 102,641 | ||||||
Perrigo Co. PLC | 535 | 82,101 | ||||||
Pfizer, Inc. (a) | 1,252 | 38,349 | ||||||
458,644 | ||||||||
PROFESSIONAL SERVICES — 1.1% | ||||||||
Towers Watson & Co. (Class A) (a) | 915 | 116,763 | ||||||
REAL ESTATE INVESTMENT TRUSTS — 5.5% | ||||||||
Alexandria Real Estate Equities, Inc. | 424 | 26,975 | ||||||
DDR Corp. (a) | 11,597 | 178,246 | ||||||
Federal Realty Investment Trust (a) | 1,831 | 185,682 | ||||||
Host Hotels & Resorts, Inc. (a) | 6,762 | 131,453 | ||||||
Mid-America Apartment Communities, Inc. (a) | 677 | 41,121 | ||||||
The Macerich Co. | 62 | 3,651 | ||||||
567,128 | ||||||||
THRIFTS & MORTGAGE FINANCE — 1.9% | ||||||||
People’s United Financial, Inc. (a) | 12,710 | 192,175 | ||||||
TOBACCO — 2.9% | ||||||||
Altria Group, Inc. | 3,507 | 134,634 | ||||||
Philip Morris International, Inc. (a) | 1,840 | 160,319 | ||||||
294,953 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.7% | ||||||||
SBA Communications Corp. (Class A) (a)(c) | 834 | 74,927 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $9,277,712) | 10,216,883 | |||||||
SHORT TERM INVESTMENTS — 28.4% | ||||||||
MONEY MARKET FUNDS — 28.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 2,882,486 | 2,882,486 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 35,063 | 35,063 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $2,917,549) | 2,917,549 | |||||||
TOTAL INVESTMENTS — 128.0% (g) | ||||||||
(Cost $12,195,261) | 13,134,432 | |||||||
OTHER ASSETS & LIABILITIES — (28.0)% | (2,877,102 | ) | ||||||
NET ASSETS — 100.0% | $ | 10,257,330 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(b) | Affiliated issuer. (Note 3) | |||||
(c) | Non-income producing security. | |||||
(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
See accompanying notes to financial statements.
294
SPDR Russell 2000 Low Volatility ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AEROSPACE & DEFENSE — 3.0% | ||||||||
Curtiss-Wright Corp. (a) | 2,330 | $ | 144,996 | |||||
Esterline Technologies Corp. (b) | 370 | 37,725 | ||||||
Moog, Inc. (Class A) (b) | 52 | 3,533 | ||||||
Orbital Sciences Corp. (b) | 289 | 6,734 | ||||||
Teledyne Technologies, Inc. (b) | 176 | 16,167 | ||||||
209,155 | ||||||||
AIR FREIGHT & LOGISTICS — 0.0% (c) | ||||||||
Forward Air Corp. (a) | 35 | 1,537 | ||||||
AUTO COMPONENTS — 0.3% | ||||||||
Dana Holding Corp. (a) | 1,157 | 22,700 | ||||||
BIOTECHNOLOGY — 0.0% (c) | ||||||||
PDL BioPharma, Inc. (a) | 53 | 447 | ||||||
BUILDING PRODUCTS — 0.4% | ||||||||
Griffon Corp. (a) | 2,083 | 27,516 | ||||||
CAPITAL MARKETS — 3.3% | ||||||||
Cohen & Steers, Inc. (a) | 1,862 | 74,592 | ||||||
Evercore Partners, Inc. (Class A) (a) | 529 | 31,624 | ||||||
Financial Engines, Inc. (a) | 1,636 | 113,669 | ||||||
Safeguard Scientifics, Inc. (a)(b) | 505 | 10,145 | ||||||
230,030 | ||||||||
CHEMICALS — 1.9% | ||||||||
H.B. Fuller Co. (a) | 128 | 6,661 | ||||||
Innospec, Inc. | 1,248 | 57,683 | ||||||
Minerals Technologies, Inc. | 1,000 | 60,070 | ||||||
Olin Corp. (a) | 110 | 3,173 | ||||||
Sensient Technologies Corp. (a) | 142 | 6,890 | ||||||
134,477 | ||||||||
COMMERCIAL BANKS — 11.3% | ||||||||
1st Source Corp. (a) | 15 | 479 | ||||||
Arrow Financial Corp. (a) | 1,596 | 42,390 | ||||||
BancorpSouth, Inc. (a) | 12 | 305 | ||||||
BBCN Bancorp, Inc. (a) | 15 | 249 | ||||||
Bryn Mawr Bank Corp. (a) | 11 | 332 | ||||||
Cardinal Financial Corp. (a) | 65 | 1,170 | ||||||
Central Pacific Financial Corp. (a) | 115 | 2,309 | ||||||
Chemical Financial Corp. (a) | 38 | 1,203 | ||||||
City Holding Co. (a) | 311 | 14,409 | ||||||
CoBiz Financial, Inc. | 20 | 239 | ||||||
Columbia Banking System, Inc. | 3,245 | 89,270 | ||||||
Community Bank System, Inc. (a) | 23 | 913 | ||||||
Community Trust Bancorp, Inc. (a) | 1,586 | 71,624 | ||||||
CVB Financial Corp. (a) | 22 | 375 | ||||||
Eagle Bancorp, Inc. (b) | 8 | 245 | ||||||
F.N.B. Corp. | 312 | 3,937 | ||||||
Financial Institutions, Inc. | 12 | 296 | ||||||
First Busey Corp. | 200 | 1,160 | ||||||
First Commonwealth Financial Corp. | 13,461 | 118,726 | ||||||
First Community Bancshares, Inc. | 162 | 2,705 | ||||||
First Financial Bancorp (a) | 2,471 | 43,069 | ||||||
First Financial Holdings, Inc. | 7 | 466 | ||||||
First Merchants Corp. (a) | 1,606 | 36,553 | ||||||
First Midwest Bancorp, Inc. | 70 | 1,227 | ||||||
FirstMerit Corp. | 8 | 178 | ||||||
Flushing Financial Corp. | 120 | 2,484 | ||||||
Glacier Bancorp, Inc. (a) | 835 | 24,875 | ||||||
Hancock Holding Co. | 231 | 8,473 | ||||||
Hanmi Financial Corp. | 12 | 263 | ||||||
Home Bancshares, Inc. (a) | 12 | 448 | ||||||
Independent Bank Corp.-Massachusetts (a) | 86 | 3,370 | ||||||
Investors Bancorp, Inc. (a) | 56 | 1,432 | ||||||
Lakeland Financial Corp. (a) | 9 | 351 | ||||||
MB Financial, Inc. | 9 | 289 | ||||||
National Penn Bancshares, Inc. | 176 | 1,994 | ||||||
NBT Bancorp, Inc. (a) | 137 | 3,548 | ||||||
OmniAmerican Bancorp, Inc. (b) | 1,866 | 39,895 | ||||||
Pacific Premier Bancorp, Inc. (a)(b) | 32 | 504 | ||||||
PacWest Bancorp (a) | 609 | 25,712 | ||||||
Prosperity Bancshares, Inc. (a) | 53 | 3,360 | ||||||
Renasant Corp. | 8 | 252 | ||||||
Sandy Spring Bancorp, Inc. (a) | 15 | 423 | ||||||
Southside Bancshares, Inc. (a) | 52 | 1,422 | ||||||
State Bank Financial Corp. | 69 | 1,255 | ||||||
Sterling Bancorp (a) | 1,829 | 24,454 | ||||||
Sterling Financial Corp. | 8 | 273 | ||||||
Susquehanna Bancshares, Inc. | 200 | 2,568 | ||||||
Tompkins Financial Corp. (a) | 27 | 1,387 | ||||||
Trico Bancshares (a) | 1,651 | 46,839 | ||||||
Trustmark Corp. (a) | 4,948 | 132,804 | ||||||
Umpqua Holdings Corp. (a) | 14 | 268 | ||||||
Union First Market Bankshares Corp. (a) | 12 | 298 | ||||||
United Bankshares, Inc. (a) | 63 | 1,981 | ||||||
Univest Corp. of Pennsylvania | 68 | 1,406 | ||||||
ViewPoint Financial Group (a) | 48 | 1,318 | ||||||
Washington Trust Bancorp, Inc. (a) | 7 | 261 | ||||||
WesBanco, Inc. | 10 | 320 | ||||||
Westamerica Bancorporation (a) | 384 | 21,681 | ||||||
Wintrust Financial Corp. (a) | 146 | 6,733 | ||||||
796,770 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.5% | ||||||||
ABM Industries, Inc. | 59 | 1,687 | ||||||
Healthcare Services Group, Inc. (a) | 9 | 255 | ||||||
Knoll, Inc. | 2,427 | 44,438 | ||||||
UniFirst Corp. | 282 | 30,174 | ||||||
United Stationers, Inc. (a) | 2,158 | 99,031 | ||||||
175,585 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.1% | ||||||||
Arris Group, Inc. (a)(b) | 251 | 6,116 | ||||||
Comtech Telecommunications Corp. (a) | 55 | 1,733 | ||||||
7,849 | ||||||||
CONSTRUCTION & ENGINEERING — 0.2% | ||||||||
EMCOR Group, Inc. (a) | 318 | 13,496 | ||||||
CONSUMER FINANCE — 0.6% | ||||||||
Cash America International, Inc. (a) | 1,079 | 41,326 | ||||||
CONTAINERS & PACKAGING — 0.8% | ||||||||
Graphic Packaging Holding Co. (b) | 5,737 | 55,075 | ||||||
DISTRIBUTORS — 1.8% | ||||||||
Pool Corp. (a) | 2,232 | 129,769 | ||||||
DIVERSIFIED CONSUMER SERVICES — 2.4% | ||||||||
Hillenbrand, Inc. (a) | 927 | 27,272 |
See accompanying notes to financial statements.
295
SPDR Russell 2000 Low Volatility ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Matthews International Corp. (Class A) (a) | 195 | $ | 8,309 | |||||
Sotheby’s | 2,583 | 137,416 | ||||||
172,997 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.1% | ||||||||
Pico Holdings, Inc. (b) | 184 | 4,252 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.0% (c) | ||||||||
Consolidated Communications Holdings, Inc. | 69 | 1,355 | ||||||
ELECTRIC UTILITIES — 8.8% | ||||||||
ALLETE, Inc. | 38 | 1,895 | ||||||
Cleco Corp. | 2,551 | 118,928 | ||||||
El Paso Electric Co. | 21 | 737 | ||||||
IDACORP, Inc. (a) | 2,352 | 121,928 | ||||||
MGE Energy, Inc. | 8 | 463 | ||||||
Otter Tail Corp. (a) | 24 | 702 | ||||||
PNM Resources, Inc. (a) | 217 | 5,234 | ||||||
Portland General Electric Co. (a) | 4,043 | 122,099 | ||||||
The Empire District Electric Co. | 3,295 | 74,764 | ||||||
UIL Holdings Corp. (a) | 3,017 | 116,909 | ||||||
Unitil Corp. | 1,908 | 58,175 | ||||||
621,834 | ||||||||
ELECTRICAL EQUIPMENT — 1.1% | ||||||||
Acuity Brands, Inc. (a) | 709 | 77,508 | ||||||
Brady Corp. (Class A) | 67 | 2,072 | ||||||
Encore Wire Corp. | 7 | 380 | ||||||
79,960 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.6% | ||||||||
Anixter International, Inc. (a) | 117 | 10,511 | ||||||
Cognex Corp. (a) | 283 | 10,805 | ||||||
Coherent, Inc. (a)(b) | 292 | 21,722 | ||||||
43,038 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.1% | ||||||||
Gulfmark Offshore, Inc. (Class A) | 43 | 2,026 | ||||||
SEACOR Holdings, Inc. (a)(b) | 24 | 2,189 | ||||||
4,215 | ||||||||
FOOD & STAPLES RETAILING — 0.7% | ||||||||
Harris Teeter Supermarkets, Inc. (a) | 1,032 | 50,929 | ||||||
FOOD PRODUCTS — 2.3% | ||||||||
Cal-Maine Foods, Inc. (a) | 579 | 34,873 | ||||||
Darling International, Inc. (b) | 25 | 522 | ||||||
Fresh Del Monte Produce, Inc. (a) | 121 | 3,424 | ||||||
Hain Celestial Group, Inc. (a)(b) | 115 | 10,440 | ||||||
Lancaster Colony Corp. (a) | 1,215 | 107,102 | ||||||
Snyders-Lance, Inc. (a) | 125 | 3,590 | ||||||
Tootsie Roll Industries, Inc. (a) | 77 | 2,506 | ||||||
162,457 | ||||||||
GAS UTILITIES — 3.8% | ||||||||
New Jersey Resources Corp. (a) | 1,690 | 78,146 | ||||||
Northwest Natural Gas Co. (a) | 2,226 | 95,317 | ||||||
Piedmont Natural Gas Co., Inc. | 24 | 796 | ||||||
South Jersey Industries, Inc. (a) | 812 | 45,440 | ||||||
Southwest Gas Corp. | 4 | 224 | ||||||
The Laclede Group, Inc. | 1,006 | 45,813 | ||||||
WGL Holdings, Inc. | 24 | 961 | ||||||
266,697 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 4.1% | ||||||||
ArthroCare Corp. (a)(b) | 39 | 1,569 | ||||||
CONMED Corp. | 2,757 | 117,172 | ||||||
Greatbatch, Inc. (a)(b) | 352 | 15,572 | ||||||
Haemonetics Corp. (a)(b) | 952 | 40,108 | ||||||
Integra LifeSciences Holdings Corp. (a)(b) | 398 | 18,989 | ||||||
STERIS Corp. (a) | 259 | 12,445 | ||||||
West Pharmaceutical Services, Inc. (a) | 1,646 | 80,753 | ||||||
286,608 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.1% | ||||||||
Almost Family, Inc. (a)(b) | 16 | 517 | ||||||
AmSurg Corp. (b) | 786 | 36,093 | ||||||
Chemed Corp. (a) | 185 | 14,175 | ||||||
HealthSouth Corp. (a) | 320 | 10,663 | ||||||
Owens & Minor, Inc. (a) | 2,427 | 88,731 | ||||||
150,179 | ||||||||
HEALTH CARE TECHNOLOGY — 0.0% (c) | ||||||||
Computer Programs and Systems, Inc. (a) | 16 | 989 | ||||||
HOTELS, RESTAURANTS & LEISURE — 0.4% | ||||||||
CEC Entertainment, Inc. | 35 | 1,550 | ||||||
Jack in the Box, Inc. (a)(b) | 100 | 5,002 | ||||||
Texas Roadhouse, Inc. (a) | 8 | 222 | ||||||
The Cheesecake Factory, Inc. (a) | 451 | 21,770 | ||||||
28,544 | ||||||||
HOUSEHOLD PRODUCTS — 0.0% (c) | ||||||||
Orchids Paper Products Co. | 10 | 328 | ||||||
INDUSTRIAL CONGLOMERATES — 0.0% (c) | ||||||||
Raven Industries, Inc. (a) | 9 | 370 | ||||||
INSURANCE — 5.7% | ||||||||
American Equity Investment Life Holding Co. (a) | 1,252 | 33,028 | ||||||
Employers Holdings, Inc. | 10 | 317 | ||||||
FBL Financial Group, Inc. (Class A) (a) | 182 | 8,152 | ||||||
Greenlight Capital Re, Ltd. (Class A) (a)(b) | 99 | 3,337 | ||||||
Hilltop Holdings, Inc. (b) | 46 | 1,064 | ||||||
Horace Mann Educators Corp. (a) | 55 | 1,735 | ||||||
Maiden Holdings, Ltd. (a) | 98 | 1,071 | ||||||
Montpelier Re Holdings, Ltd. (a) | 221 | 6,431 | ||||||
OneBeacon Insurance Group, Ltd. (Class A) | 720 | 11,390 | ||||||
Platinum Underwriters Holdings, Ltd. (a) | 179 | 10,969 | ||||||
Primerica, Inc. | 3,266 | 140,144 | ||||||
RLI Corp. (a) | 1,008 | 98,159 | ||||||
Safety Insurance Group, Inc. (a) | 801 | 45,096 | ||||||
Selective Insurance Group, Inc. | 113 | 3,058 | ||||||
The Navigators Group, Inc. (b) | 654 | 41,307 | ||||||
405,258 | ||||||||
INTERNET & CATALOG RETAIL — 0.0% (c) | ||||||||
HSN, Inc. (a) | 24 | 1,495 | ||||||
See accompanying notes to financial statements.
296
SPDR Russell 2000 Low Volatility ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
INTERNET SOFTWARE & SERVICES — 1.1% | ||||||||
CoStar Group, Inc. (a)(b) | 425 | $ | 78,447 | |||||
RealNetworks, Inc. (b) | 24 | 181 | ||||||
78,628 | ||||||||
IT SERVICES — 4.8% | ||||||||
CACI International, Inc. (Class A) (a)(b) | 956 | 69,998 | ||||||
Convergys Corp. | 225 | 4,736 | ||||||
Euronet Worldwide, Inc. (b) | 460 | 22,011 | ||||||
ExlService Holdings, Inc. (a)(b) | 51 | 1,409 | ||||||
MAXIMUS, Inc. | 1,775 | 78,082 | ||||||
Syntel, Inc. (a) | 1,348 | 122,601 | ||||||
TeleTech Holdings, Inc. (b) | 64 | 1,532 | ||||||
WEX, Inc. (a)(b) | 406 | 40,206 | ||||||
340,575 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.0% (c) | ||||||||
PAREXEL International Corp. (b) | 19 | 858 | ||||||
MACHINERY — 0.2% | ||||||||
Middleby Corp. (a)(b) | 24 | 5,759 | ||||||
Woodward, Inc. | 176 | 8,028 | ||||||
13,787 | ||||||||
MARINE — 0.0% (c) | ||||||||
Matson, Inc. | 20 | 522 | ||||||
MEDIA — 0.0% (c) | ||||||||
World Wrestling Entertainment, Inc. (Class A) | 20 | 332 | ||||||
METALS & MINING — 0.3% | ||||||||
AMCOL International Corp. (a) | 423 | 14,374 | ||||||
Worthington Industries, Inc. | 156 | 6,564 | ||||||
20,938 | ||||||||
MULTI-UTILITIES — 3.1% | ||||||||
Avista Corp. (a) | 4,611 | 129,984 | ||||||
Black Hills Corp. (a) | 618 | 32,451 | ||||||
NorthWestern Corp. (a) | 1,287 | 55,753 | ||||||
218,188 | ||||||||
MULTILINE RETAIL — 0.0% (c) | ||||||||
Fred’s, Inc. (Class A) (a) | 21 | 389 | ||||||
OIL, GAS & CONSUMABLE FUELS — 0.9% | ||||||||
SemGroup Corp.(Class A) (a) | 933 | 60,860 | ||||||
PAPER & FOREST PRODUCTS — 0.0% (c) | ||||||||
P.H. Glatfelter Co. | 35 | 968 | ||||||
Schweitzer-Mauduit International, Inc. | 28 | 1,441 | ||||||
2,409 | ||||||||
PROFESSIONAL SERVICES — 0.0% (c) | ||||||||
Exponent, Inc. (a) | 19 | 1,471 | ||||||
REAL ESTATE INVESTMENT TRUSTS — 16.1% | ||||||||
Acadia Realty Trust | 32 | 795 | ||||||
Agree Realty Corp. (a) | 178 | 5,166 | ||||||
American Assets Trust, Inc. (a) | 8 | 251 | ||||||
American Realty Capital Properties, Inc. (a) | 29 | 373 | ||||||
Apollo Commercial Real Estate Finance, Inc. (a) | 1,455 | 23,644 | ||||||
Ares Commercial Real Estate Corp. (a) | 121 | 1,585 | ||||||
Ashford Hospitality Trust, Inc. (a) | 7,467 | 61,827 | ||||||
Associated Estates Realty Corp. (a) | 16 | 257 | ||||||
Campus Crest Communities, Inc. (a) | 222 | 2,089 | ||||||
Capstead Mortgage Corp. (a) | 291 | 3,515 | ||||||
Chatham Lodging Trust | 15 | 307 | ||||||
Chesapeake Lodging Trust (a) | 11 | 278 | ||||||
Colony Financial, Inc. (a) | 1,888 | 38,308 | ||||||
Cousins Properties, Inc. | 37 | 381 | ||||||
CubeSmart (a) | 579 | 9,229 | ||||||
DCT Industrial Trust, Inc. | 42 | 299 | ||||||
DiamondRock Hospitality Co. | 2,002 | 23,123 | ||||||
DuPont Fabros Technology, Inc. (a) | 8 | 198 | ||||||
Dynex Capital, Inc. (a) | 663 | 5,304 | ||||||
EastGroup Properties, Inc. | 10 | 579 | ||||||
Education Realty Trust, Inc. | 262 | 2,311 | ||||||
EPR Properties (a) | 555 | 27,284 | ||||||
Equity One, Inc. (a) | 41 | 920 | ||||||
Excel Trust, Inc. (a) | 153 | 1,743 | ||||||
First Industrial Realty Trust, Inc. (a) | 237 | 4,136 | ||||||
Franklin Street Properties Corp. | 19 | 227 | ||||||
Getty Realty Corp. | 12 | 220 | ||||||
Gladstone Commercial Corp. | 69 | 1,240 | ||||||
Glimcher Realty Trust (a) | 1,733 | 16,221 | ||||||
Government Properties Income Trust (a) | 16 | 398 | ||||||
Healthcare Realty Trust, Inc. | 733 | 15,620 | ||||||
Highwoods Properties, Inc. (a) | 10 | 362 | ||||||
Hudson Pacific Properties, Inc. | 33 | 722 | ||||||
Inland Real Estate Corp. (a) | 27 | 284 | ||||||
Investors Real Estate Trust | 30 | 257 | ||||||
Kite Realty Group Trust (a) | 27 | 177 | ||||||
LaSalle Hotel Properties (a) | 1,408 | 43,451 | ||||||
Lexington Realty Trust (a) | 23 | 235 | ||||||
LTC Properties, Inc. | 9 | 319 | ||||||
Medical Properties Trust, Inc. (a) | 841 | 10,277 | ||||||
Monmouth Real Estate Investment Corp.(Class A) | 24 | 218 | ||||||
National Health Investors, Inc. (a) | 814 | 45,665 | ||||||
One Liberty Properties, Inc. | 8 | 161 | ||||||
Parkway Properties, Inc. | 10 | 193 | ||||||
Pebblebrook Hotel Trust (a) | 2,707 | 83,267 | ||||||
Pennsylvania Real Estate Investment Trust | 3,627 | 68,841 | ||||||
PennyMac Mortgage Investment Trust (a) | 3,498 | 80,314 | ||||||
Potlatch Corp. (a) | 9 | 376 | ||||||
PS Business Parks, Inc. | 417 | 31,867 | ||||||
Ramco-Gershenson Properties Trust (a) | 17 | 268 | ||||||
Resource Capital Corp. (a) | 12,099 | 71,747 | ||||||
Retail Opportunity Investments Corp. (a) | 8,482 | 124,855 | ||||||
RLJ Lodging Trust | 65 | 1,581 | ||||||
Rouse Properties, Inc. (a) | 2,450 | 54,366 | ||||||
Ryman Hospitality Properties (a) | 2,732 | 114,143 | ||||||
Saul Centers, Inc. | 6 | 286 | ||||||
Select Income REIT | 10 | 267 | ||||||
STAG Industrial, Inc. (a) | 11 | 224 | ||||||
Strategic Hotels & Resorts, Inc. (b) | 5,094 | 48,138 | ||||||
Summit Hotel Properties, Inc. (a) | 143 | 1,287 | ||||||
Sunstone Hotel Investors, Inc. (a) | 7,890 | 105,726 | ||||||
Terreno Realty Corp. | 18 | 319 |
See accompanying notes to financial statements.
297
SPDR Russell 2000 Low Volatility ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
UMH Properties, Inc. | 15 | $ | 141 | |||||
Universal Health Realty Income Trust | 21 | 841 | ||||||
Urstadt Biddle Properties, Inc. (Class A) | 41 | 756 | ||||||
Washington Real Estate Investment Trust (a) | 35 | 818 | ||||||
Whitestone REIT | 12 | 160 | ||||||
Winthrop Realty Trust | 107 | 1,182 | ||||||
1,141,919 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.0% (c) | ||||||||
Kennedy-Wilson Holdings, Inc. (a) | 85 | 1,891 | ||||||
Tejon Ranch Co. (a)(b) | 26 | 956 | ||||||
2,847 | ||||||||
ROAD & RAIL — 0.1% | ||||||||
Heartland Express, Inc. (a) | 41 | 804 | ||||||
Knight Transportation, Inc. (a) | 127 | 2,329 | ||||||
Werner Enterprises, Inc. (a) | 286 | 7,073 | ||||||
10,206 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.9% | ||||||||
ATMI, Inc. (b) | 86 | 2,598 | ||||||
Hittite Microwave Corp. (b) | 1,123 | 69,323 | ||||||
Micrel, Inc. (a) | 229 | 2,260 | ||||||
Microsemi Corp. (a)(b) | 2,302 | 57,435 | ||||||
131,616 | ||||||||
SOFTWARE — 1.5% | ||||||||
Blackbaud, Inc. | 217 | 8,170 | ||||||
Mentor Graphics Corp. | 53 | 1,276 | ||||||
Progress Software Corp. (a)(b) | 2,705 | 69,870 | ||||||
PTC, Inc. (b) | 709 | 25,091 | ||||||
104,407 | ||||||||
SPECIALTY RETAIL — 0.3% | ||||||||
Pier 1 Imports, Inc. (a) | 759 | 17,518 | ||||||
Rent-A-Center, Inc. (a) | 101 | 3,367 | ||||||
20,885 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.0% (c) | ||||||||
Columbia Sportswear Co. | 8 | 630 | ||||||
THRIFTS & MORTGAGE FINANCE — 4.8% | ||||||||
Banc of California, Inc. (a) | 13 | 174 | ||||||
Beneficial Mutual Bancorp, Inc. (b) | 192 | 2,097 | ||||||
Berkshire Hills Bancorp, Inc. | 114 | 3,109 | ||||||
BofI Holding, Inc. (a)(b) | 928 | 72,783 | ||||||
Brookline Bancorp, Inc. | 10,134 | 96,982 | ||||||
Capitol Federal Financial, Inc. (a) | 11,031 | 133,585 | ||||||
Charter Financial Corp. | 414 | 4,459 | ||||||
Dime Community Bancshares | 131 | 2,217 | ||||||
Northfield Bancorp, Inc. (a) | 583 | 7,696 | ||||||
Northwest Bancshares, Inc. | 241 | 3,562 | ||||||
Oritani Financial Corp. | 337 | 5,409 | ||||||
Provident Financial Services, Inc. | 64 | 1,236 | ||||||
Rockville Financial, Inc. | 149 | 2,117 | ||||||
TrustCo Bank Corp. NY (a) | 133 | 955 | ||||||
United Financial Bancorp, Inc. | 39 | 737 | ||||||
337,118 | ||||||||
TOBACCO — 3.4% | ||||||||
Universal Corp. (a) | 2,047 | 111,766 | ||||||
Vector Group, Ltd. (a) | 7,925 | 129,733 | ||||||
241,499 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 2.4% | ||||||||
Aircastle, Ltd. | 1,872 | 35,867 | ||||||
Applied Industrial Technologies, Inc. | 1,587 | 77,906 | ||||||
Kaman Corp. (a) | 668 | 26,540 | ||||||
Watsco, Inc. | 322 | 30,931 | ||||||
171,244 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 0.0% (c) | ||||||||
Wesco Aircraft Holdings, Inc. (a)(b) | 11 | 241 | ||||||
WATER UTILITIES — 0.2% | ||||||||
California Water Service Group | 119 | 2,745 | ||||||
Connecticut Water Service, Inc. (a) | 45 | 1,598 | ||||||
Middlesex Water Co. (a) | 342 | 7,161 | ||||||
SJW Corp. (a) | 45 | 1,341 | ||||||
12,845 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $6,361,247) | 7,041,651 | |||||||
SHORT TERM INVESTMENTS — 28.7% | ||||||||
MONEY MARKET FUNDS — 28.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 2,010,940 | 2,010,940 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 21,172 | 21,172 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $2,032,112) | 2,032,112 | |||||||
TOTAL INVESTMENTS — 128.2% (g) | ||||||||
(Cost $8,393,359) | 9,073,763 | |||||||
OTHER ASSETS & LIABILITIES — (28.2)% | (1,998,131 | ) | ||||||
NET ASSETS — 100.0% | $ | 7,075,632 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(b) | Non-income producing security. | |||||
(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) |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
298
SPDR Wells Fargo Preferred Stock ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
PREFERRED STOCKS — 99.5% | ||||||||
CAPITAL MARKETS — 5.3% | ||||||||
State Street Corp., 5.25% (a) | 73,049 | $ | 1,512,114 | |||||
The Bank of New York Mellon Corp., 5.20% (b) | 85,085 | 1,765,514 | ||||||
The Charles Schwab Corp., 6.00% (b) | 70,853 | 1,558,058 | ||||||
The Goldman Sachs Group, Inc., 6.50% (b) | 83,970 | 2,118,563 | ||||||
The Goldman Sachs Group, Inc., 6.13% (b) | 193,387 | 4,710,907 | ||||||
11,665,156 | ||||||||
COMMERCIAL BANKS — 28.7% | ||||||||
Barclays Bank PLC Series 2, 6.63% (b) | 56,035 | 1,352,685 | ||||||
Barclays Bank PLC Series 3, 7.10% (b) | 101,506 | 2,554,906 | ||||||
Barclays Bank PLC Series 4, 7.75% | 84,909 | 2,150,745 | ||||||
Barclays Bank PLC Series 5, 8.13% (b) | 195,548 | 4,961,053 | ||||||
BB&T Corp., 5.85% (b) | 83,986 | 1,804,019 | ||||||
BB&T Corp., 5.63% | 167,875 | 3,416,256 | ||||||
BB&T Corp., 5.20% (b) | 65,764 | 1,233,075 | ||||||
BB&T Corp., 5.20% (b) | 73,058 | 1,373,491 | ||||||
HSBC Holdings PLC, 8.13% (b) | 103,006 | 2,649,314 | ||||||
HSBC Holdings PLC, 8.00% | 177,854 | 4,791,387 | ||||||
HSBC Holdings PLC, Series A, 6.20% | 67,923 | 1,677,698 | ||||||
HSBC USA, Inc. Series F, 3.50% (b) | 25,144 | 467,678 | ||||||
HSBC USA, Inc. Series G, 4.00% | 17,808 | 361,146 | ||||||
Lloyds Banking Group PLC, 7.75% | 125,908 | 3,355,448 | ||||||
M&T Capital Trust IV, 8.50% (b) | 50,886 | 1,323,036 | ||||||
PNC Financial Services Group, Inc., 6.13% (b) | 218,914 | 5,527,579 | ||||||
PNC Financial Services Group, Inc., 5.38% | 69,764 | 1,402,954 | ||||||
UBS Preferred Funding Trust IV Series D, 0.86% (b) | 43,608 | 658,481 | ||||||
US Bancorp Series B, 3.50% (b) | 123,480 | 2,400,451 | ||||||
US Bancorp Series F, 6.50% | 135,787 | 3,571,198 | ||||||
US Bancorp Series G, 6.00% (b) | 133,933 | 3,665,746 | ||||||
US Bancorp Series H, 5.15% (b) | 61,790 | 1,233,946 | ||||||
Wells Fargo & Co., 6.63% | 56,824 | 1,461,513 | ||||||
Wells Fargo & Co., 5.85% | 116,611 | 2,748,521 | ||||||
Wells Fargo & Co., 5.25% | 42,323 | 851,962 | ||||||
Wells Fargo & Co., 5.20% (b) | 50,768 | 1,019,422 | ||||||
Wells Fargo & Co., 5.13% (b) | 44,012 | 893,444 | ||||||
Wells Fargo & Co. Series J, 8.00% (b) | 145,328 | 4,063,371 | ||||||
62,970,525 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.7% | ||||||||
Pitney Bowes, Inc., 6.70% (b) | 62,090 | 1,519,342 | ||||||
CONSUMER FINANCE — 0.5% | ||||||||
HSBC Finance Corp., 6.36% | 26,995 | 618,186 | ||||||
HSBC USA, Inc. Series H, 6.50% (b) | 18,162 | 439,520 | ||||||
1,057,706 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 18.9% | ||||||||
Deutsche Bank Capital Funding Trust IX, 6.63% (b) | 73,148 | 1,818,459 | ||||||
Deutsche Bank Capital Funding Trust VIII, 6.38% (b) | 38,208 | 926,162 | ||||||
Deutsche Bank Capital Funding Trust X, 7.35% (b) | 51,228 | 1,298,118 | ||||||
Deutsche Bank Contingent Capital Trust II, 6.55% (b) | 50,912 | 1,267,709 | ||||||
Deutsche Bank Contingent Capital Trust III, 7.60% (b) | 125,556 | 3,259,434 | ||||||
Deutsche Bank Contingent Capital Trust V, 8.05% | 88,071 | 2,351,496 | ||||||
General Electric Capital Corp., 4.88% (b) | 120,463 | 2,459,854 | ||||||
General Electric Capital Corp., 4.88% (b) | 92,380 | 1,873,466 | ||||||
General Electric Capital Corp., 4.70% (b) | 109,527 | 2,127,014 | ||||||
ING Groep NV, 7.38% (b) | 118,139 | 3,000,731 | ||||||
ING Groep NV, 7.20% (b) | 86,658 | 2,201,113 | ||||||
ING Groep NV, 7.05% (b) | 63,048 | 1,588,179 | ||||||
ING Groep NV, 6.38% (b) | 82,336 | 1,951,363 | ||||||
ING Groep NV, 6.20% (b) | 39,445 | 924,985 | ||||||
ING Groep NV, 6.13% (b) | 55,187 | 1,277,579 | ||||||
JP Morgan Chase & Co., 5.50% (b) | 166,812 | 3,431,323 | ||||||
JP Morgan Chase & Co. Series P, 5.45% (b) | 119,420 | 2,421,838 | ||||||
JP Morgan Chase Capital XXIX, 6.70% (b) | 198,941 | 5,037,186 | ||||||
KKR Financial Holdings LLC, 8.38% (b) | 37,829 | 1,014,196 | ||||||
Raymond James Financial, Inc., 6.90% (b) | 51,147 | 1,278,675 | ||||||
41,508,880 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.7% | ||||||||
Qwest Corp., 7.50% (b) | 83,977 | 1,967,581 | ||||||
Qwest Corp., 7.38% (b) | 96,561 | 2,233,456 | ||||||
Qwest Corp., 7.00% (b) | 76,688 | 1,682,535 | ||||||
Qwest Corp., 7.00% (b) | 58,138 | 1,271,478 | ||||||
Qwest Corp., 6.13% | 113,176 | 2,144,685 | ||||||
Telephone & Data Systems, 7.00% | 43,659 | 1,008,523 | ||||||
10,308,258 | ||||||||
ELECTRIC UTILITIES — 5.9% | ||||||||
BGE Capital Trust II, 6.20% (b) | 35,844 | 878,537 | ||||||
Duke Energy Corp., 5.13% (b) | 73,048 | 1,508,441 | ||||||
FPL Group Capital Trust I, 5.88% (b) | 43,855 | 1,061,291 | ||||||
NextEra Energy Capital Holdings, Inc., 8.75% | 54,792 | 1,395,552 | ||||||
NextEra Energy Capital Holdings, Inc., 5.70% (b) | 58,172 | 1,215,795 | ||||||
NextEra Energy Capital Holdings, Inc., 5.63% (b) | 50,939 | 1,026,930 | ||||||
NextEra Energy Capital Holdings, Inc., 5.13% (b) | 73,060 | 1,351,610 | ||||||
NextEra Energy Capital Holdings, Inc., 5.00% (b) | 65,449 | 1,195,099 | ||||||
SCE Trust I, 5.63% (b) | 69,034 | 1,387,583 | ||||||
SCE Trust II, 5.10% (b) | 58,471 | 1,078,205 | ||||||
Tennessee Valley Authority Series A, 3.96% | 39,043 | 827,712 | ||||||
12,926,755 | ||||||||
See accompanying notes to financial statements.
299
SPDR Wells Fargo Preferred Stock ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.4% | ||||||||
Tennessee Valley Authority Series D, 3.83% | 46,415 | $ | 971,466 | |||||
INSURANCE — 18.7% | ||||||||
Aegon NV, 8.00% (b) | 61,359 | 1,729,710 | ||||||
Aegon NV, 7.25% (b) | 121,982 | 3,094,683 | ||||||
Aegon NV, 6.88% (b) | 64,291 | 1,592,488 | ||||||
Aegon NV, 6.50% (b) | 58,430 | 1,378,364 | ||||||
Aegon NV, 6.38% (b) | 116,185 | 2,719,891 | ||||||
Aegon NV Series 1, 4.00% | 29,698 | 584,457 | ||||||
Aflac, Inc., 5.50% (b) | 73,048 | 1,550,078 | ||||||
Arch Capital Group, Ltd., 6.75% | 47,508 | 1,089,358 | ||||||
Aspen Insurance Holdings Ltd., 5.95% | 39,755 | 901,246 | ||||||
Aviva PLC, 8.25% (b) | 58,434 | 1,601,092 | ||||||
Axis Capital Holdings Series C, 6.88% | 58,139 | 1,370,918 | ||||||
MetLife, Inc. Series A, 4.00% (b) | 87,636 | 1,844,738 | ||||||
MetLife, Inc. Series B, 6.50% (b) | 218,915 | 5,450,983 | ||||||
PartnerRe Ltd., 5.88% | 36,476 | 737,545 | ||||||
PartnerRe, Ltd. Series E, 7.25% (b) | 54,325 | 1,374,422 | ||||||
Protective Life Corp., 6.25% (b) | 41,194 | 893,910 | ||||||
Prudential Financial, Inc., 5.75% (b) | 83,988 | 1,773,826 | ||||||
Prudential Financial, Inc., 5.70% (b) | 103,683 | 2,160,754 | ||||||
Prudential PLC, 6.75% (b) | 36,212 | 895,161 | ||||||
Prudential PLC, 6.50% (b) | 43,854 | 1,079,247 | ||||||
Reinsurance Group of America, Inc., 6.20% (b) | 58,445 | 1,418,460 | ||||||
Renaissancere Holdings Ltd. Series E, 5.38% | 39,691 | 732,696 | ||||||
The Allstate Corp., 6.75% | 56,251 | 1,442,838 | ||||||
The Allstate Corp., 5.63% (b) | 41,184 | 864,864 | ||||||
The Allstate Corp., 5.10% (b) | 73,033 | 1,760,826 | ||||||
WR Berkley Corp., 5.63% (b) | 50,953 | 1,050,141 | ||||||
41,092,696 | ||||||||
MACHINERY — 1.1% | ||||||||
Stanley Black & Decker, Inc., 5.75% (b) | 109,517 | 2,341,474 | ||||||
MEDIA — 0.4% | ||||||||
Comcast Corp., 5.00% (b) | 41,205 | 850,471 | ||||||
MULTI-UTILITIES — 2.2% | ||||||||
Dominion Resources, Inc. Series A, 8.38% (b) | 100,016 | 2,574,412 | ||||||
DTE Energy Co., 6.50% (b) | 40,938 | 989,881 | ||||||
Integrys Energy Group, Inc., 6.00% | 58,445 | 1,399,758 | ||||||
4,964,051 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 11.5% | ||||||||
Digital Realty Trust, Inc. Series E, 7.00% (b) | 41,205 | 894,561 | ||||||
Digital Realty Trust, Inc. Series G, 5.88% (b) | 36,493 | 662,348 | ||||||
Health Care REIT, Inc. Series J, 6.50% | 41,859 | 952,292 | ||||||
Hospitality Properties Trust Series J, 7.13% (b) | 42,401 | 980,735 | ||||||
Kimco Realty Corp. Series I, 6.00% | 58,458 | 1,220,018 | ||||||
National Retail Properties, Inc., 5.70% | 41,494 | 788,386 | ||||||
National Retail Properties, Inc. Series D, 6.63% | 41,874 | 927,509 | ||||||
PS Business Parks, Inc., 6.00% (b) | 50,941 | 1,029,008 | ||||||
Public Storage, 5.90% (b) | 67,208 | 1,451,693 | ||||||
Public Storage, 5.63% | 41,494 | 838,594 | ||||||
Public Storage, 5.38% (b) | 72,325 | 1,412,507 | ||||||
Public Storage, 5.20% (b) | 72,670 | 1,369,829 | ||||||
Public Storage Series Q, 6.50% | 54,515 | 1,274,016 | ||||||
Public Storage Series R, 6.35% (b) | 71,214 | 1,662,847 | ||||||
Public Storage Series T, 5.75% (b) | 67,217 | 1,418,279 | ||||||
Realty Income Corp. Series F, 6.63% | 59,723 | 1,429,171 | ||||||
Regency Centers Corp. Series 6, 6.63% | 36,082 | 782,979 | ||||||
Senior Housing Properties Trust, 5.63% (b) | 50,955 | 1,032,858 | ||||||
Ventas Realty LP/Ventas Capital Corp., 5.45% (b) | 37,402 | 798,159 | ||||||
Vornado Realty LP, 7.88% | 67,191 | 1,746,294 | ||||||
Vornado Realty Trust, 5.70% (b) | 42,980 | 849,285 | ||||||
Vornado Realty Trust, 5.40% (b) | 42,952 | 805,350 | ||||||
Vornado Realty Trust Series I, 6.63% | 38,702 | 888,211 | ||||||
25,214,929 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.5% | ||||||||
US Cellular Corp., 6.95% (b) | 49,988 | 1,132,228 | ||||||
TOTAL PREFERRED STOCKS — | ||||||||
(Cost $245,405,927) | 218,523,937 | |||||||
SHORT TERM INVESTMENTS — 15.4% | ||||||||
MONEY MARKET FUNDS — 15.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 33,091,816 | 33,091,816 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 701,667 | 701,667 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $33,793,483) | 33,793,483 | |||||||
TOTAL INVESTMENTS — 114.9% (f) | ||||||||
(Cost $279,199,410) | 252,317,420 | |||||||
OTHER ASSETS & LIABILITIES — (14.9)% | (32,724,878 | ) | ||||||
NET ASSETS — 100.0% | $ | 219,592,542 | ||||||
(a) | Affiliated issuer. (Note 3) | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
300
SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES
STATEMENTS OF ASSETS AND LIABILITIES
December 31, 2013 (Unaudited)
SPDR S&P | SPDR Russell | SPDR S&P | SPDR S&P | |||||||||||||||||||||||||||||||||||||
SPDR Russell | SPDR Russell | SPDR Russell | SPDR S&P 500 Growth | 500 | Small Cap Completeness | SPDR S&P 400 Mid Cap Growth | 400 Mid Cap | 600 | SPDR S&P 600 Small Cap Growth | |||||||||||||||||||||||||||||||
3000 ETF | 1000 ETF | 2000 ETF | ETF | Value ETF | ETF | ETF | Value ETF | Small Cap ETF | ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 561,948,548 | $ | 43,323,057 | $ | 61,889,158 | $ | 323,972,314 | $ | 175,167,200 | $ | 81,963,228 | $ | 145,022,315 | $ | 74,736,206 | $ | 419,682,046 | $ | 347,108,203 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 20,946,744 | 4,184,399 | 17,200,869 | 6,067,398 | 5,857,425 | 10,013,622 | 7,839,309 | 12,694,559 | 41,356,893 | 33,154,839 | ||||||||||||||||||||||||||||||
Total Investments | 582,895,292 | 47,507,456 | 79,090,027 | 330,039,712 | 181,024,625 | 91,976,850 | 152,861,624 | 87,430,765 | 461,038,939 | 380,263,042 | ||||||||||||||||||||||||||||||
Cash | 3,986 | 381 | 5,757 | — | 1,150 | 971 | — | — | — | — | ||||||||||||||||||||||||||||||
Foreign currency, at value | 86 | — | 114 | — | — | 68 | — | — | — | — | ||||||||||||||||||||||||||||||
Receivable for investments sold | 46,848 | — | 86,149 | — | — | 38,496 | — | — | 1,187,232 | 1,969,920 | ||||||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | 97 | 8 | — | — | — | 67 | — | — | — | — | ||||||||||||||||||||||||||||||
Dividends receivable — unaffiliated issuers | 744,544 | 58,453 | 66,604 | 374,403 | 259,495 | 101,021 | 78,806 | 104,114 | 545,784 | 305,714 | ||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 3,457 | 278 | 14 | 72 | 1,206 | 78 | 8 | 20 | 101 | 46 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 583,694,310 | 47,566,576 | 79,248,665 | 330,414,187 | 181,286,476 | 92,117,551 | 152,940,438 | 87,534,899 | 462,772,056 | 382,538,722 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 19,239,199 | 4,053,335 | 17,060,853 | 5,647,067 | 5,092,343 | 9,727,439 | 7,665,826 | 12,377,061 | 40,778,435 | 32,048,457 | ||||||||||||||||||||||||||||||
Payable for investments purchased | — | — | 3,925 | — | — | — | 19,330 | 19,330 | 737,670 | 1,577,046 | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 46,139 | 3,077 | 5,896 | 52,330 | 27,553 | 6,753 | 30,103 | 13,327 | 70,967 | 72,361 | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 359 | 28 | 14 | 195 | 111 | 60 | 87 | 43 | 261 | 193 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 19,285,697 | 4,056,440 | 17,070,688 | 5,699,592 | 5,120,007 | 9,734,252 | 7,715,346 | 12,409,761 | 41,587,333 | 33,698,057 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 564,408,613 | $ | 43,510,136 | $ | 62,177,977 | $ | 324,714,595 | $ | 176,166,469 | $ | 82,383,299 | $ | 145,225,092 | $ | 75,125,138 | $ | 421,184,723 | $ | 348,840,665 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 418,872,004 | $ | 32,243,868 | $ | 58,753,754 | $ | 262,062,268 | $ | 164,413,809 | $ | 58,134,118 | $ | 132,613,743 | $ | 64,931,718 | $ | 320,540,486 | $ | 275,357,837 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | 37,022 | (1,742 | ) | (122,044 | ) | (44,137 | ) | 112,402 | 30,198 | (21,827 | ) | (23,566 | ) | (56,458 | ) | (86,014 | ) | |||||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (4,832,825 | ) | (1,120,869 | ) | 40,458 | (35,378,853 | ) | (10,492,944 | ) | 5,420,854 | (3,998,713 | ) | 3,138,627 | 3,808,855 | (4,476,225 | ) | ||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 150,332,412 | 12,388,879 | 3,505,809 | 98,075,317 | 22,133,202 | 18,798,129 | 16,631,889 | 7,078,359 | 96,891,840 | 78,045,067 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 564,408,613 | $ | 43,510,136 | $ | 62,177,977 | $ | 324,714,595 | $ | 176,166,469 | $ | 82,383,299 | $ | 145,225,092 | $ | 75,125,138 | $ | 421,184,723 | $ | 348,840,665 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 139.36 | $ | 87.02 | $ | 69.09 | $ | 85.45 | $ | 92.68 | $ | 82.38 | $ | 111.71 | $ | 79.08 | $ | 102.73 | $ | 178.89 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 4,050,036 | 500,000 | 900,000 | 3,800,027 | 1,900,716 | 1,000,000 | 1,300,000 | 950,000 | 4,100,023 | 1,950,007 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 411,948,212 | $ | 30,963,997 | $ | 58,383,349 | $ | 225,896,997 | $ | 153,152,772 | $ | 63,165,099 | $ | 128,390,426 | $ | 67,657,847 | $ | 322,790,206 | $ | 269,063,136 | ||||||||||||||||||||
Affiliated issuers | 20,614,668 | 4,154,580 | 17,200,869 | 6,067,398 | 5,738,651 | 10,013,622 | 7,839,309 | 12,694,559 | 41,356,893 | 33,154,839 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 432,562,880 | $ | 35,118,577 | $ | 75,584,218 | $ | 231,964,395 | $ | 158,891,423 | $ | 73,178,721 | $ | 136,229,735 | $ | 80,352,406 | $ | 364,147,099 | $ | 302,217,975 | ||||||||||||||||||||
Foreign currency, at cost | $ | 87 | $ | — | $ | 115 | $ | — | $ | — | $ | 68 | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 18,849,079 | $ | 3,997,590 | $ | 16,664,216 | $ | 5,542,459 | $ | 4,978,976 | $ | 9,537,565 | $ | 7,547,908 | $ | 12,140,092 | $ | 39,866,530 | $ | 31,354,204 | ||||||||||||||||||||
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, 2013 (Unaudited)
SPDR S&P | SPDR Morgan | |||||||||||||||||||||||||||||||||||||||
600 | SPDR S&P Capital | SPDR S&P Mortgage | SPDR S&P Regional | Stanley | ||||||||||||||||||||||||||||||||||||
Small Cap | SPDR Dow Jones | SPDR S&P | Markets | SPDR S&P Insurance | Finance | Banking | Technology | SPDR S&P Dividend | ||||||||||||||||||||||||||||||||
Value ETF | SPDR Global Dow ETF | REIT ETF | Bank ETF | ETF | ETF | ETF | ETF | ETF | ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 249,552,267 | $ | 103,470,336 | $ | 2,078,415,120 | $ | 2,509,265,196 | $ | 119,158,686 | $ | 475,929,080 | $ | 8,350,264 | $ | 2,897,276,866 | $ | 215,530,261 | $ | 12,099,328,240 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 24,525,965 | 1,813,101 | 64,848,355 | 199,044,713 | 16,697,277 | 13,462,262 | 1,855,114 | 129,306,532 | 10,632,100 | 896,760,554 | ||||||||||||||||||||||||||||||
Total Investments | 274,078,232 | 105,283,437 | 2,143,263,475 | 2,708,309,909 | 135,855,963 | 489,391,342 | 10,205,378 | 3,026,583,398 | 226,162,361 | 12,996,088,794 | ||||||||||||||||||||||||||||||
Cash | — | — | — | — | 288 | 10,242 | — | — | 37,783 | — | ||||||||||||||||||||||||||||||
Foreign currency, at value | — | 65,123 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Receivable for investments sold | 395,458 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | 13,114 | — | — | — | — | 15,330 | 408 | 1,628 | ||||||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | — | 45,035 | — | — | — | 9,514 | 176 | — | 7,461 | — | ||||||||||||||||||||||||||||||
Dividends receivable — unaffiliated issuers | 417,887 | 106,532 | 9,372,733 | 3,340,096 | 151,270 | 483,850 | 9,707 | 3,981,969 | 142,084 | 24,662,682 | ||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 34 | 1 | 417 | 471 | 11,842 | 45 | 2 | 377 | 41 | 4,158 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 274,891,611 | 105,500,128 | 2,152,649,739 | 2,711,650,476 | 136,019,363 | 489,894,993 | 10,215,263 | 3,030,581,074 | 226,350,138 | 13,020,757,262 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 24,329,388 | 1,789,785 | 61,176,410 | 197,151,818 | 13,215,642 | 13,292,793 | 1,841,126 | 128,798,720 | 10,552,554 | 463,403,973 | ||||||||||||||||||||||||||||||
Payable for investments purchased | 398,342 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Payable for fund shares repurchased | — | — | — | 3,480 | — | 669 | — | — | — | — | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 52,291 | 43,127 | 440,456 | 736,099 | 31,296 | 139,901 | 2,432 | 819,111 | 87,145 | 3,696,336 | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 146 | 66 | 1,470 | 1,676 | 55 | 260 | 5 | 1,558 | 131 | 8,517 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 24,780,167 | 1,832,978 | 61,618,336 | 197,893,073 | 13,246,993 | 13,433,623 | 1,843,563 | 129,619,389 | 10,639,830 | 467,108,826 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 250,111,444 | $ | 103,667,150 | $ | 2,091,031,403 | $ | 2,513,757,403 | $ | 122,772,370 | $ | 476,461,370 | $ | 8,371,700 | $ | 2,900,961,685 | $ | 215,710,308 | $ | 12,553,648,436 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 199,933,695 | $ | 125,615,936 | $ | 2,354,150,947 | $ | 2,834,602,746 | $ | 194,077,044 | $ | 480,078,401 | $ | 6,925,374 | $ | 3,012,868,444 | $ | 206,915,071 | $ | 9,581,046,206 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (23,318 | ) | (91,785 | ) | (10,423,373 | ) | 473,853 | (56,397 | ) | (150,607 | ) | (568 | ) | (368,571 | ) | (58,409 | ) | (9,362,344 | ) | |||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | 18,411,592 | (33,126,286 | ) | (345,813,880 | ) | (806,562,461 | ) | (88,524,785 | ) | (44,569,613 | ) | (775,497 | ) | (398,577,106 | ) | (37,447,879 | ) | (1,797,148 | ) | |||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 31,789,475 | 11,267,277 | 93,117,709 | 485,243,265 | 17,276,508 | 41,103,189 | 2,222,391 | 287,038,918 | 46,301,525 | 2,983,761,722 | ||||||||||||||||||||||||||||||
Foreign currency | — | 2,008 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 250,111,444 | $ | 103,667,150 | $ | 2,091,031,403 | $ | 2,513,757,403 | $ | 122,772,370 | $ | 476,461,370 | $ | 8,371,700 | $ | 2,900,961,685 | $ | 215,710,308 | $ | 12,553,648,436 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 106.38 | $ | 69.09 | $ | 71.29 | $ | 33.18 | $ | 50.11 | $ | 63.11 | $ | 55.81 | $ | 40.57 | $ | 89.88 | $ | 72.58 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 2,351,051 | 1,500,464 | 29,331,617 | 75,752,118 | 2,450,000 | 7,550,000 | 150,000 | 71,502,585 | 2,400,006 | 172,953,658 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 217,762,792 | $ | 92,203,059 | $ | 1,985,297,411 | $ | 2,024,021,931 | $ | 102,235,105 | $ | 434,825,891 | $ | 6,127,873 | $ | 2,610,237,948 | $ | 169,228,736 | $ | 9,108,303,448 | ||||||||||||||||||||
Affiliated issuers | 24,525,965 | 1,813,101 | 64,848,355 | 199,044,713 | 16,344,350 | 13,462,262 | 1,855,114 | 129,306,532 | 10,632,100 | 904,023,624 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 242,288,757 | $ | 94,016,160 | $ | 2,050,145,766 | $ | 2,223,066,644 | $ | 118,579,455 | $ | 448,288,153 | $ | 7,982,987 | $ | 2,739,544,480 | $ | 179,860,836 | $ | 10,012,327,072 | ||||||||||||||||||||
Foreign currency, at cost | $ | — | $ | 65,240 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 23,744,338 | $ | 1,698,350 | $ | 59,537,277 | $ | 192,223,948 | $ | 12,949,714 | $ | 13,045,954 | $ | 1,840,872 | $ | 125,428,963 | $ | 10,391,025 | $ | 452,169,151 | ||||||||||||||||||||
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SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES (continued)
STATEMENTS OF ASSETS AND LIABILITIES (continued)
December 31, 2013 (Unaudited)
SPDR S&P | SPDR S&P | |||||||||||||||||||||||||||||||||||||||
SPDR S&P | Health | Health | SPDR S&P Oil & | |||||||||||||||||||||||||||||||||||||
Aerospace & | SPDR S&P | Care | Care | SPDR S&P | SPDR S&P | Gas Equipment & | SPDR S&P Oil & | SPDR S&P | ||||||||||||||||||||||||||||||||
Defense | Biotech | Equipment | Services | Homebuilders | Metals & Mining | Services | Gas Exploration & | Pharmaceuticals | SPDR S&P | |||||||||||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | Production ETF | ETF | Retail ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 34,576,567 | $ | 1,003,498,935 | $ | 26,720,953 | $ | 63,288,600 | $ | 1,911,673,982 | $ | 575,545,963 | $ | 311,836,680 | $ | 883,243,194 | $ | 682,634,201 | $ | 1,147,104,766 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 5,611,532 | 247,392,884 | 6,528,689 | 18,197,039 | 207,989,528 | 114,538,664 | 24,574,083 | 120,280,603 | 81,790,561 | 115,938,352 | ||||||||||||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||||||||||
Total Investments | 40,188,099 | 1,250,891,819 | 33,249,642 | 81,485,639 | 2,119,663,510 | 690,084,627 | 336,410,763 | 1,003,523,797 | 764,424,762 | 1,263,043,118 | ||||||||||||||||||||||||||||||
Cash | — | 13,952,104 | — | — | — | — | — | — | 927 | 16,306,973 | ||||||||||||||||||||||||||||||
Receivable for investments sold | — | — | — | — | — | — | — | 205,721 | 23,334,370 | — | ||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | — | — | 3,724 | — | 848 | — | — | ||||||||||||||||||||||||||||||
Dividends receivable — unaffiliated issuers | 19,672 | 626,630 | 14,375 | 27,491 | 1,018,688 | 516,620 | 34,458 | 274,807 | 541,489 | 848,673 | ||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 6 | 46 | 2 | 8 | 187 | 88 | 64 | 176 | 130 | 63 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 40,207,777 | 1,265,470,599 | 33,264,019 | 81,513,138 | 2,120,682,385 | 690,605,059 | 336,445,285 | 1,004,005,349 | 788,301,678 | 1,280,198,827 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 5,524,005 | 246,847,243 | 6,521,310 | 18,095,308 | 98,680,817 | 95,142,407 | 23,973,698 | 119,587,180 | 57,328,686 | 114,159,677 | ||||||||||||||||||||||||||||||
Payable for investments purchased | — | 13,952,104 | — | — | — | — | — | — | 22,681,380 | 16,308,224 | ||||||||||||||||||||||||||||||
Payable for fund shares repurchased | — | 133 | — | — | 2,081 | — | 41 | — | — | 3,183 | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 9,612 | 293,599 | 7,808 | 18,597 | 561,965 | 164,794 | 90,324 | 304,815 | 207,525 | 395,307 | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 16 | 679 | 16 | 37 | 1,383 | 389 | 199 | 633 | 382 | 729 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 5,533,633 | 261,093,758 | 6,529,134 | 18,113,942 | 99,246,246 | 95,307,590 | 24,064,262 | 119,892,628 | 80,217,973 | 130,867,120 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 34,674,144 | $ | 1,004,376,841 | $ | 26,734,885 | $ | 63,399,196 | $ | 2,021,436,139 | $ | 595,297,469 | $ | 312,381,023 | $ | 884,112,721 | $ | 708,083,705 | $ | 1,149,331,707 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 24,693,242 | $ | 1,187,209,295 | $ | 20,659,013 | $ | 53,051,265 | $ | 2,185,662,131 | $ | 1,536,857,703 | $ | 398,876,915 | $ | 1,374,176,298 | $ | 550,616,638 | $ | 1,310,650,271 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (14,498 | ) | (193,074 | ) | (19,581 | ) | (164,942 | ) | 3,993 | (31,421 | ) | 2,569 | (179,043 | ) | 2,501 | (526,098 | ) | |||||||||||||||||||||||
Accumulated net realized gain (loss) on investments | 162,330 | (229,645,974 | ) | 337,436 | 616,213 | (308,412,345 | ) | (712,190,569 | ) | (107,122,696 | ) | (367,930,464 | ) | 33,398,393 | (115,931,211 | ) | ||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 9,833,070 | 47,006,594 | 5,758,017 | 9,896,660 | 144,182,360 | (229,338,244 | ) | 20,624,235 | (121,954,070 | ) | 124,066,173 | (44,861,255 | ) | |||||||||||||||||||||||||||
NET ASSETS | $ | 34,674,144 | $ | 1,004,376,841 | $ | 26,734,885 | $ | 63,399,196 | $ | 2,021,436,139 | $ | 595,297,469 | $ | 312,381,023 | $ | 884,112,721 | $ | 708,083,705 | $ | 1,149,331,707 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 99.07 | $ | 130.44 | $ | 76.39 | $ | 90.57 | $ | 33.27 | $ | 42.07 | $ | 43.69 | $ | 68.54 | $ | 87.96 | $ | 88.07 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 350,000 | 7,700,000 | 350,000 | 700,000 | 60,750,016 | 14,150,230 | 7,150,000 | 12,900,000 | 8,050,135 | 13,050,113 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 24,743,497 | $ | 956,492,341 | $ | 20,962,936 | $ | 53,391,940 | $ | 1,754,512,527 | $ | 769,503,659 | $ | 291,212,445 | $ | 1,005,197,264 | $ | 554,510,309 | $ | 1,191,966,021 | ||||||||||||||||||||
Affiliated issuers | 5,611,532 | 247,392,884 | 6,528,689 | 18,197,039 | 220,968,623 | 149,919,212 | 24,574,083 | 120,280,603 | 85,848,280 | 115,938,352 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 30,355,029 | $ | 1,203,885,225 | $ | 27,491,625 | $ | 71,588,979 | $ | 1,975,481,150 | $ | 919,422,871 | $ | 315,786,528 | $ | 1,125,477,867 | $ | 640,358,589 | $ | 1,307,904,373 | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 5,411,900 | $ | 237,861,445 | $ | 6,378,149 | $ | 17,736,582 | $ | 102,988,638 | $ | 93,498,744 | $ | 23,506,965 | $ | 117,544,823 | $ | 55,568,809 | $ | 111,593,708 | ||||||||||||||||||||
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SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES (continued)
STATEMENTS OF ASSETS AND LIABILITIES (continued)
December 31, 2013 (Unaudited)
SPDR S&P | ||||||||||||||||||||||||||||||||||||
1500 | SPDR Russell | SPDR Russell | ||||||||||||||||||||||||||||||||||
SPDR S&P Semiconductor | SPDR S&P Software & Services | SPDR S&P Telecom | SPDR S&P Transportation | Value | SPDR S&P 1500 Momentum | 1000 Low Volatility | 2000 Low Volatility | SPDR Wells Fargo Preferred | ||||||||||||||||||||||||||||
ETF | ETF | ETF | ETF | Tilt ETF | Tilt ETF | ETF | ETF | Stock ETF | ||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 97,844,403 | $ | 31,666,997 | $ | 13,907,170 | $ | 73,168,035 | $ | 7,898,855 | $ | 11,763,902 | $ | 10,073,479 | $ | 7,041,651 | $ | 217,011,823 | ||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 7,373,091 | 8,909,756 | 3,791,113 | 18,482,571 | 1,722,188 | 2,210,388 | 3,060,953 | 2,032,112 | 35,305,597 | |||||||||||||||||||||||||||
Total Investments | 105,217,494 | 40,576,753 | 17,698,283 | 91,650,606 | 9,621,043 | 13,974,290 | 13,134,432 | 9,073,763 | 252,317,420 | |||||||||||||||||||||||||||
Cash | — | — | — | — | 16 | 32 | 114 | 5 | 169 | |||||||||||||||||||||||||||
Receivable for investments sold | — | — | — | — | — | — | 351,135 | 297,833 | 5,433,815 | |||||||||||||||||||||||||||
Receivable for fund shares sold | 88 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Dividends receivable — unaffiliated issuers | 35,151 | 10,967 | 10,961 | 71,522 | 10,763 | 13,603 | 22,492 | 16,039 | 795,118 | |||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 11 | 7 | 1 | 7 | 40 | 133 | 512 | 3 | 155 | |||||||||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||||||
TOTAL ASSETS | 105,252,744 | 40,587,727 | 17,709,245 | 91,722,135 | 9,631,862 | 13,988,058 | 13,508,685 | 9,387,643 | 258,546,677 | |||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 7,350,288 | 8,906,833 | 3,771,095 | 18,440,943 | 1,691,772 | 2,156,250 | 2,882,486 | 2,010,940 | 33,091,816 | |||||||||||||||||||||||||||
Payable for investments purchased | — | — | — | — | — | — | 367,134 | 299,572 | 5,773,447 | |||||||||||||||||||||||||||
Payable for fund shares repurchased | — | — | — | — | — | — | — | — | 351 | |||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 28,846 | 9,165 | 3,054 | 20,237 | 2,342 | 3,449 | 1,728 | 1,493 | 88,337 | |||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 51 | 15 | 6 | 37 | 5 | 7 | 7 | 6 | 184 | |||||||||||||||||||||||||||
TOTAL LIABILITIES | 7,379,185 | 8,916,013 | 3,774,155 | 18,461,217 | 1,694,119 | 2,159,706 | 3,251,355 | 2,312,011 | 38,954,135 | |||||||||||||||||||||||||||
NET ASSETS | $ | 97,873,559 | $ | 31,671,714 | $ | 13,935,090 | $ | 73,260,918 | $ | 7,937,743 | $ | 11,828,352 | $ | 10,257,330 | $ | 7,075,632 | $ | 219,592,542 | ||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 138,675,935 | $ | 26,261,835 | $ | 14,793,773 | $ | 62,327,190 | $ | 6,000,000 | $ | 9,234,325 | $ | 9,273,584 | $ | 6,322,333 | $ | 259,021,983 | ||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (5,560 | ) | (9,627 | ) | (19,285 | ) | (9,222 | ) | (279 | ) | (58,357 | ) | (240 | ) | (12,755 | ) | (1,213,870 | ) | ||||||||||||||||||
Accumulated net realized gain (loss) on investments | (41,597,757 | ) | 54,153 | (1,648,857 | ) | (499,686 | ) | 34,000 | 72,128 | 44,815 | 85,650 | (11,333,581 | ) | |||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||
Investments | 800,941 | 5,365,353 | 809,459 | 11,442,636 | 1,904,022 | 2,580,256 | 939,171 | 680,404 | (26,881,990 | ) | ||||||||||||||||||||||||||
NET ASSETS | $ | 97,873,559 | $ | 31,671,714 | $ | 13,935,090 | $ | 73,260,918 | �� | $ | 7,937,743 | $ | 11,828,352 | $ | 10,257,330 | $ | 7,075,632 | $ | 219,592,542 | |||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 61.17 | $ | 90.49 | $ | 55.74 | $ | 81.40 | $ | 79.38 | $ | 78.86 | $ | 68.38 | $ | 70.76 | $ | 39.57 | ||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 1,600,000 | 350,000 | 250,000 | 900,000 | 100,000 | 150,000 | 150,000 | 100,000 | 5,550,000 | |||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 97,043,462 | $ | 26,301,644 | $ | 13,097,711 | $ | 61,725,399 | $ | 5,998,970 | $ | 9,193,141 | $ | 9,162,493 | $ | 6,361,247 | $ | 243,568,095 | ||||||||||||||||||
Affiliated issuers | 7,373,091 | 8,909,756 | 3,791,113 | 18,482,571 | 1,718,051 | 2,200,893 | 3,032,768 | 2,032,112 | 35,631,315 | |||||||||||||||||||||||||||
Total cost of investments | $ | 104,416,553 | $ | 35,211,400 | $ | 16,888,824 | $ | 80,207,970 | $ | 7,717,021 | $ | 11,394,034 | $ | 12,195,261 | $ | 8,393,359 | $ | 279,199,410 | ||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 7,178,248 | $ | 8,751,216 | $ | 3,750,173 | $ | 18,097,877 | $ | 1,661,329 | $ | 2,116,442 | $ | 2,828,922 | $ | 1,964,904 | $ | 32,448,528 | ||||||||||||||||||
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS
For the Six Months Ended December 31, 2013 (Unaudited)
SPDR S&P | SPDR Russell | SPDR S&P | SPDR S&P | |||||||||||||||||||||||||||||||||||||
SPDR Russell | SPDR Russell | SPDR Russell | SPDR S&P 500 Growth | 500 | Small Cap Completeness | SPDR S&P 400 Mid Cap Growth | 400 Mid Cap | 600 | SPDR S&P 600 Small Cap Growth | |||||||||||||||||||||||||||||||
3000 ETF | 1000 ETF | 2000 ETF (1) | ETF | Value ETF | ETF | ETF | Value ETF | Small Cap ETF | ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 5,317,060 | $ | 417,583 | $ | 175,542 | $ | 2,669,966 | $ | 2,025,663 | $ | 641,972 | $ | 724,189 | $ | 627,490 | $ | 2,516,848 | $ | 1,420,203 | ||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 7,314 | 577 | 25 | 231 | 3,790 | 149 | 29 | 59 | 332 | 185 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 41,791 | 4,066 | 10,339 | 4,135 | 5,510 | 30,026 | 21,883 | 14,939 | 103,398 | 113,370 | ||||||||||||||||||||||||||||||
Foreign taxes withheld | (1,638 | ) | (104 | ) | (91 | ) | (150 | ) | (191 | ) | (949 | ) | — | — | — | — | ||||||||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 5,364,527 | 422,122 | 185,815 | 2,674,182 | 2,034,772 | 671,198 | 746,101 | 642,488 | 2,620,578 | 1,533,758 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 279,144 | 21,274 | 12,454 | 290,168 | 165,913 | 47,675 | 160,302 | 80,547 | 386,016 | 357,260 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 5,427 | 391 | 55 | 2,850 | 1,834 | 1,002 | 1,139 | 629 | 3,840 | 2,682 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | 1,919 | 1,670 | — | 943 | 1,674 | 1,658 | — | — | — | — | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 286,490 | 23,335 | 12,509 | 293,961 | 169,421 | 50,335 | 161,441 | 81,176 | 389,856 | 359,942 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 5,078,037 | 398,787 | 173,306 | 2,380,221 | 1,865,351 | 620,863 | 584,660 | 561,312 | 2,230,722 | 1,173,816 | ||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 11,597,147 | 158,121 | 40,458 | 14,415,525 | 12,988,797 | 17,223,231 | 14,674,270 | 4,897,380 | 20,762,716 | 19,297,874 | ||||||||||||||||||||||||||||||
Investments in securities of affiliated issuers | 9,954 | — | — | — | 120,470 | — | — | — | — | — | ||||||||||||||||||||||||||||||
Foreign currency transactions | 12 | — | — | — | — | 9 | — | — | — | — | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 65,994,119 | 5,720,194 | 3,505,809 | 30,967,236 | 5,435,673 | (1,681,333 | ) | 5,229,791 | 2,848,476 | 50,013,302 | 37,793,786 | |||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | 77,601,232 | 5,878,315 | 3,546,267 | 45,382,761 | 18,544,940 | 15,541,907 | 19,904,061 | 7,745,856 | 70,776,018 | 57,091,660 | ||||||||||||||||||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 82,679,269 | $ | 6,277,102 | $ | 3,719,573 | $ | 47,762,982 | $ | 20,410,291 | $ | 16,162,770 | $ | 20,488,721 | $ | 8,307,168 | $ | 73,006,740 | $ | 58,265,476 | ||||||||||||||||||||
(1) | For the period July 8, 2013 (commencement of operations) to December 31, 2013. |
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, 2013 (Unaudited)
SPDR | SPDR | SPDR | ||||||||||||||||||||||||||||||||||||||
SPDR S&P | S&P | S&P | SPDR S&P | Morgan | ||||||||||||||||||||||||||||||||||||
600 | SPDR | SPDR Dow | Capital | SPDR S&P | Mortgage | Regional | Stanley | SPDR | ||||||||||||||||||||||||||||||||
Small Cap | Global Dow | Jones | SPDR S&P | Markets | Insurance | Finance | Banking | Technology | S&P Dividend | |||||||||||||||||||||||||||||||
Value ETF | ETF | REIT ETF | Bank ETF | ETF | ETF | ETF | ETF | ETF | ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 1,765,825 | $ | 1,019,130 | $ | 43,994,407 | $ | 23,303,832 | $ | 1,019,791 | $ | 3,821,408 | $ | 80,058 | $ | 22,587,955 | $ | 1,517,450 | $ | 163,077,717 | ||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 155 | 28 | 1,661 | 2,004 | 19,743 | 211 | 9 | 1,633 | 206 | 9,659,058 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 30,533 | 6,172 | 87,404 | 164,767 | �� | 18,003 | 6,328 | 3,345 | 184,344 | 19,826 | 545,718 | |||||||||||||||||||||||||||||
Foreign taxes withheld | — | (48,752 | ) | — | — | — | (986 | ) | — | (23,602 | ) | (9,712 | ) | — | ||||||||||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 1,796,513 | 976,578 | 44,083,472 | 23,470,603 | 1,057,537 | 3,826,961 | 83,412 | 22,750,330 | 1,527,770 | 173,282,493 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 270,446 | 245,113 | 2,722,208 | 4,354,372 | 143,989 | 677,124 | 13,877 | 4,059,355 | 487,632 | 22,093,772 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 2,100 | 955 | 22,932 | 26,596 | 878 | 4,150 | 85 | 23,326 | 1,916 | 132,084 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | — | — | 3 | 3 | — | — | — | 2 | — | 9,654 | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 272,546 | 246,068 | 2,745,143 | 4,380,971 | 144,867 | 681,274 | 13,962 | 4,082,683 | 489,548 | 22,235,510 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 1,523,967 | 730,510 | 41,338,329 | 19,089,632 | 912,670 | 3,145,687 | 69,450 | 18,667,647 | 1,038,222 | 151,046,983 | ||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 22,963,259 | 581,249 | 17,226,604 | 135,292,745 | 1,193,403 | 21,309,264 | 6,717 | 229,035,427 | 518,074 | 444,627,208 | ||||||||||||||||||||||||||||||
Investments in securities of affiliated issuers | — | — | — | — | 43,245 | — | — | — | — | 3,257,726 | ||||||||||||||||||||||||||||||
Foreign currency transactions | — | 3,008 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 13,687,329 | 15,058,777 | (156,658,577 | ) | 218,170,425 | 17,527,035 | 37,383,358 | 870,812 | 175,476,946 | 36,818,264 | 872,245,683 | |||||||||||||||||||||||||||||
Foreign currency transactions | — | 9,105 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | 36,650,588 | 15,652,139 | (139,431,973 | ) | 353,463,170 | 18,763,683 | 58,692,622 | 877,529 | 404,512,373 | 37,336,338 | 1,320,130,617 | |||||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | 38,174,555 | $ | 16,382,649 | $ | (98,093,644 | ) | $ | 372,552,802 | $ | 19,676,353 | $ | 61,838,309 | $ | 946,979 | $ | 423,180,020 | $ | 38,374,560 | $ | 1,471,177,600 | |||||||||||||||||||
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS (continued)
STATEMENTS OF OPERATIONS (continued)
For the Six Months Ended December 31, 2013 (Unaudited)
SPDR S&P | ||||||||||||||||||||||||||||||||||||||||
SPDR | SPDR S&P | SPDR S&P | Oil & | |||||||||||||||||||||||||||||||||||||
S&P | SPDR S&P | Health | SPDR S&P | Oil & | Gas | |||||||||||||||||||||||||||||||||||
Aerospace & | SPDR S&P | Health | Care | SPDR S&P | Metals & | Gas | Exploration & | SPDR S&P | SPDR S&P | |||||||||||||||||||||||||||||||
Defense | Biotech | Care Equipment | Services | Homebuilders | Mining | Equipment & Services | Production | Pharmaceuticals | Retail | |||||||||||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 260,554 | $ | 150,020 | $ | 69,342 | $ | 153,006 | $ | 7,043,209 | $ | 4,104,959 | $ | 1,307,314 | $ | 5,020,654 | $ | 2,456,723 | $ | 4,399,715 | ||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 19 | 468 | 13 | 31 | 836 | 372 | 402 | 786 | 293 | 719 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 4,670 | 2,868,040 | 2,281 | 16,976 | 149,665 | 1,137,191 | 255,429 | 615,095 | 468,514 | 293,756 | ||||||||||||||||||||||||||||||
Foreign taxes withheld | — | — | — | — | — | — | (4,225 | ) | — | — | — | |||||||||||||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 265,243 | 3,018,528 | 71,636 | 170,013 | 7,193,710 | 5,242,522 | 1,558,920 | 5,636,535 | 2,925,530 | 4,694,190 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 41,474 | 1,763,115 | 42,808 | 95,607 | 3,603,407 | 1,010,014 | 516,601 | 1,635,467 | 993,320 | 1,897,141 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 219 | 10,403 | 233 | 550 | 23,761 | 5,341 | 2,809 | 8,647 | 5,287 | 11,418 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | — | — | — | — | 4 | — | — | 196 | — | 3,909 | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 41,693 | 1,773,518 | 43,041 | 96,157 | 3,627,172 | 1,015,355 | 519,410 | 1,644,310 | 998,607 | 1,912,468 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 223,550 | 1,245,010 | 28,595 | 73,856 | 3,566,538 | 4,227,167 | 1,039,510 | 3,992,225 | 1,926,923 | 2,781,722 | ||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 241,072 | 189,528,058 | 603,002 | 472,312 | 233,145,926 | (22,237,545 | ) | (5,506,545 | ) | 75,078,671 | 74,986,648 | 159,935,749 | ||||||||||||||||||||||||||||
Investments in securities of affiliated issuers | — | — | — | — | 4,033,405 | (976,197 | ) | — | — | (290,651 | ) | — | ||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 6,060,229 | 9,488,361 | 3,818,087 | 5,937,913 | (6,327,271 | ) | 150,477,195 | 36,070,593 | 37,900,407 | 54,450,615 | (4,445,064 | ) | ||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN ON INVESTMENTS | 6,301,301 | 199,016,419 | 4,421,089 | 6,410,225 | 230,852,060 | 127,263,453 | 30,564,048 | 112,979,078 | 129,146,612 | 155,490,685 | ||||||||||||||||||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 6,524,851 | $ | 200,261,429 | $ | 4,449,684 | $ | 6,484,081 | $ | 234,418,598 | $ | 131,490,620 | $ | 31,603,558 | $ | 116,971,303 | $ | 131,073,535 | $ | 158,272,407 | ||||||||||||||||||||
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS (continued)
STATEMENTS OF OPERATIONS (continued)
For the Six Months Ended December 31, 2013 (Unaudited)
SPDR | SPDR | |||||||||||||||||||||||||||||||||||
SPDR S&P | Russell | Russell | SPDR | |||||||||||||||||||||||||||||||||
SPDR | SPDR S&P | SPDR S&P | 1500 | 1000 | 2000 | Wells Fargo | ||||||||||||||||||||||||||||||
S&P | Software & | SPDR S&P | SPDR S&P | 1500 | Momentum | Low | Low | Preferred | ||||||||||||||||||||||||||||
Semiconductor | Services | Telecom | Transportation | Value | Tilt | Volatility | Volatility | Stock | ||||||||||||||||||||||||||||
ETF | ETF | ETF | ETF | Tilt ETF | ETF | ETF | ETF | ETF | ||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 356,111 | $ | 89,366 | $ | 56,753 | $ | 250,073 | $ | 83,078 | $ | 97,368 | $ | 134,199 | $ | 142,873 | $ | 8,607,496 | ||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 29 | 14 | 7 | 27 | 87 | 282 | 1,040 | 10 | 52,487 | |||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 33,911 | 15,143 | 1,330 | 11,701 | 1,496 | 1,999 | 1,855 | 1,922 | 305,594 | |||||||||||||||||||||||||||
Foreign taxes withheld | — | — | — | — | (12 | ) | (5 | ) | — | — | — | |||||||||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 390,051 | 104,523 | 58,090 | 261,801 | 84,649 | 99,644 | 137,094 | 144,805 | 8,965,577 | |||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 131,972 | 39,846 | 14,743 | 95,377 | 13,304 | 19,415 | 9,936 | 10,356 | 614,251 | |||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 720 | 181 | 83 | 595 | 64 | 103 | 79 | 58 | 3,253 | |||||||||||||||||||||||||||
TOTAL EXPENSES | 132,692 | 40,027 | 14,826 | 95,972 | 13,368 | 19,518 | 10,015 | 10,414 | 617,504 | |||||||||||||||||||||||||||
NET INVESTMENT INCOME | 257,359 | 64,496 | 43,264 | 165,829 | 71,281 | 80,126 | 127,079 | 134,391 | 8,348,073 | |||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||
Investments | 9,682,693 | 1,859,481 | 419,093 | 3,538,331 | 50,517 | 191,651 | 116,875 | 888,874 | (7,662,867 | ) | ||||||||||||||||||||||||||
Investments in securities of affiliated issuers | — | — | — | — | — | 16 | 256 | — | (116,210 | ) | ||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||
Investments | 1,575,357 | 3,314,900 | 885,519 | 6,831,555 | 994,284 | 1,518,563 | 820,820 | 486,458 | (17,306,933 | ) | ||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | 11,258,050 | 5,174,381 | 1,304,612 | 10,369,886 | 1,044,801 | 1,710,230 | 937,951 | 1,375,332 | (25,086,010 | ) | ||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | 11,515,409 | $ | 5,238,877 | $ | 1,347,876 | $ | 10,535,715 | $ | 1,116,082 | $ | 1,790,356 | $ | 1,065,030 | $ | 1,509,723 | $ | (16,737,937 | ) | |||||||||||||||||
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SPDR SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS
STATEMENTS OF CHANGES IN NET ASSETS
SPDR Russell 3000 ETF | SPDR Russell 1000 ETF | SPDR Russell 2000 ETF | SPDR S&P 500 Growth ETF | SPDR S&P 500 Value ETF | ||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | �� | For the Period | Six Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 7/8/13*- | 12/31/13 | Year Ended | 12/31/13 | Year Ended | ||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | 12/31/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | ||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 5,078,037 | $ | 9,220,005 | $ | 398,787 | $ | 897,230 | $ | 173,306 | $ | 2,380,221 | $ | 4,246,724 | $ | 1,865,351 | $ | 2,961,665 | ||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 11,607,113 | 7,131,231 | 158,121 | 3,720,837 | 40,458 | 14,415,525 | 8,097,366 | 13,109,267 | (714,178 | ) | ||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 65,994,119 | 69,916,560 | 5,720,194 | 3,463,202 | 3,505,809 | 30,967,236 | 22,431,083 | 5,435,673 | 24,396,930 | |||||||||||||||||||||||||||
Net increase in net assets resulting from operations | 82,679,269 | 86,267,796 | 6,277,102 | 8,081,269 | 3,719,573 | 47,762,982 | 34,775,173 | 20,410,291 | 26,644,417 | |||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (38,273 | ) | (6,723 | ) | — | (7,810 | ) | 62,597 | 30,393 | (39,679 | ) | (87,639 | ) | 50,051 | ||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||
Net investment income | (5,110,064 | ) | (9,115,269 | ) | (413,402 | ) | (898,241 | ) | (295,350 | ) | (2,509,921 | ) | (4,147,006 | ) | (1,731,480 | ) | (3,121,300 | ) | ||||||||||||||||||
Total distributions to shareholders | (5,110,064 | ) | (9,115,269 | ) | (413,402 | ) | (898,241 | ) | (295,350 | ) | (2,509,921 | ) | (4,147,006 | ) | (1,731,480 | ) | (3,121,300 | ) | ||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | 11,658,517 | — | — | 58,753,754 | 39,636,722 | 13,555,991 | 26,288,597 | 42,900,059 | |||||||||||||||||||||||||||
Cost of shares redeemed | (12,409,662 | ) | (15,670,583 | ) | — | (10,973,686 | ) | — | (7,802,249 | ) | (16,098,016 | ) | (25,169,369 | ) | (8,174,804 | ) | ||||||||||||||||||||
Net income equalization (Note 2) | 38,273 | 6,723 | — | 7,810 | (62,597 | ) | (30,393 | ) | 39,679 | 87,639 | (50,051 | ) | ||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (12,371,389 | ) | (4,005,343 | ) | — | (10,965,876 | ) | 58,691,157 | 31,804,080 | (2,502,346 | ) | 1,206,867 | 34,675,204 | |||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 65,159,543 | 73,140,461 | 5,863,700 | (3,790,658 | ) | 62,177,977 | 77,087,534 | 28,086,142 | 19,798,039 | 58,248,372 | ||||||||||||||||||||||||||
Net assets at beginning of period | 499,249,070 | 426,108,609 | 37,646,436 | 41,437,094 | — | 247,627,061 | 219,540,919 | 156,368,430 | 98,120,058 | |||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 564,408,613 | $ | 499,249,070 | $ | 43,510,136 | $ | 37,646,436 | $ | 62,177,977 | $ | 324,714,595 | $ | 247,627,061 | $ | 176,166,469 | $ | 156,368,430 | ||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||
Shares sold | — | 100,000 | — | — | 900,000 | 500,000 | 200,000 | 300,000 | 550,000 | |||||||||||||||||||||||||||
Shares redeemed | (100,102 | ) | (150,000 | ) | — | (150,000 | ) | — | (100,103 | ) | (250,000 | ) | (300,154 | ) | (100,000 | ) | ||||||||||||||||||||
Net increase (decrease) | (100,102 | ) | (50,000 | ) | — | (150,000 | ) | 900,000 | 399,897 | (50,000 | ) | (154 | ) | 450,000 | ||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 37,022 | $ | 69,049 | $ | (1,742 | ) | $ | 12,873 | $ | (122,044 | ) | $ | (44,137 | ) | $ | 85,563 | $ | 112,402 | $ | (21,469 | ) | ||||||||||||||
* | 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 Russell Small Cap Completeness 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 | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 620,863 | $ | 1,403,155 | $ | 584,660 | $ | 756,536 | $ | 561,312 | $ | 607,986 | $ | 2,230,722 | $ | 3,707,358 | $ | 1,173,816 | $ | 2,104,888 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 17,223,240 | 1,560,939 | 14,674,270 | 5,135,550 | 4,897,380 | 2,608,230 | 20,762,716 | 4,357,943 | 19,297,874 | 3,180,050 | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | (1,681,333 | ) | 15,846,181 | 5,229,791 | 8,380,554 | 2,848,476 | 3,654,624 | 50,013,302 | 47,054,274 | 37,793,786 | 29,545,556 | |||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | 16,162,770 | 18,810,275 | 20,488,721 | 14,272,640 | 8,307,168 | 6,870,840 | 73,006,740 | 55,119,575 | 58,265,476 | 34,830,494 | ||||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (40,058 | ) | 2,971 | 3,902 | 28,079 | 25,320 | 32,344 | 50,822 | 36,525 | 73,281 | 68,258 | |||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (552,211 | ) | (1,414,171 | ) | (523,353 | ) | (839,670 | ) | (555,287 | ) | (644,299 | ) | (2,194,590 | ) | (3,759,285 | ) | (1,108,675 | ) | (2,214,821 | ) | ||||||||||||||||||||
Net realized gains | (7,813,347 | ) | (555,407 | ) | — | — | — | — | (8,735,677 | ) | — | — | — | |||||||||||||||||||||||||||
Total distributions to shareholders | (8,365,558 | ) | (1,969,578 | ) | (523,353 | ) | (839,670 | ) | (555,287 | ) | (644,299 | ) | (10,930,267 | ) | (3,759,285 | ) | (1,108,675 | ) | (2,214,821 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 7,783,220 | 7,274,232 | 76,960,239 | 32,529,690 | 26,222,003 | 23,272,892 | 72,161,383 | 82,179,985 | 73,780,695 | 54,306,018 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (28,205,301 | ) | — | (42,703,729 | ) | (17,906,541 | ) | (7,130,599 | ) | (3,432,106 | ) | (29,975,461 | ) | — | (8,096,783 | ) | (12,275,270 | ) | ||||||||||||||||||||||
Net income equalization (Note 2) | 40,058 | (2,971 | ) | (3,902 | ) | (28,079 | ) | (25,320 | ) | (32,344 | ) | (50,822 | ) | (36,525 | ) | (73,281 | ) | (68,258 | ) | |||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (20,382,023 | ) | 7,271,261 | 34,252,608 | 14,595,070 | 19,066,084 | 19,808,442 | 42,135,100 | 82,143,460 | 65,610,631 | 41,962,490 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (12,624,869 | ) | 24,114,929 | 54,221,878 | 28,056,119 | 26,843,285 | 26,067,327 | 104,262,395 | 133,540,275 | 122,840,713 | 74,646,421 | |||||||||||||||||||||||||||||
Net assets at beginning of period | 95,008,168 | 70,893,239 | 91,003,214 | 62,947,095 | 48,281,853 | 22,214,526 | 316,922,328 | 183,382,053 | 225,999,952 | 151,353,531 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 82,383,299 | $ | 95,008,168 | $ | 145,225,092 | $ | 91,003,214 | $ | 75,125,138 | $ | 48,281,853 | $ | 421,184,723 | $ | 316,922,328 | $ | 348,840,665 | $ | 225,999,952 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 100,000 | 100,000 | 750,000 | 350,000 | 350,000 | 350,000 | 750,000 | 1,050,000 | 450,000 | 400,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (350,000 | ) | — | (400,000 | ) | (200,000 | ) | (100,000 | ) | (50,000 | ) | (300,000 | ) | — | (50,100 | ) | (100,000 | ) | ||||||||||||||||||||||
Net increase (decrease) | (250,000 | ) | 100,000 | 350,000 | 150,000 | 250,000 | 300,000 | 450,000 | 1,050,000 | 399,900 | 300,000 | |||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 30,198 | $ | (38,454 | ) | $ | (21,827 | ) | $ | (83,134 | ) | $ | (23,566 | ) | $ | (29,591 | ) | $ | (56,458 | ) | $ | (92,590 | ) | $ | (86,014 | ) | $ | (151,155 | ) | |||||||||||
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 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 | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 1,523,967 | $ | 2,464,563 | $ | 730,510 | $ | 2,314,311 | $ | 41,338,329 | $ | 50,071,544 | $ | 19,089,632 | $ | 36,894,609 | $ | 912,670 | $ | 1,211,342 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 22,963,259 | 10,472,700 | 584,257 | (3,167,158 | ) | 17,226,604 | 46,699,500 | 135,292,745 | 102,310,510 | 1,236,648 | (1,783,997 | ) | ||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 13,687,329 | 22,659,966 | 15,067,882 | 15,524,507 | (156,658,577 | ) | 37,967,436 | 218,170,425 | 362,678,364 | 17,527,035 | 7,261,725 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 38,174,555 | 35,597,229 | 16,382,649 | 14,671,660 | (98,093,644 | ) | 134,738,480 | 372,552,802 | 501,883,483 | 19,676,353 | 6,689,070 | |||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 50,138 | (32,907 | ) | (10 | ) | (100,446 | ) | 57,241 | 203,883 | (339,891 | ) | 1,357,506 | 67,904 | 93,037 | ||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (1,477,436 | ) | (2,507,819 | ) | (928,096 | ) | (2,254,743 | ) | (39,746,292 | ) | (62,107,106 | ) | (17,977,610 | ) | (39,477,498 | ) | (836,113 | ) | (1,365,193 | ) | ||||||||||||||||||||
Net realized gains | (1,296,125 | ) | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (2,773,561 | ) | (2,507,819 | ) | (928,096 | ) | (2,254,743 | ) | (39,746,292 | ) | (62,107,106 | ) | (17,977,610 | ) | (39,477,498 | ) | (836,113 | ) | (1,365,193 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 54,410,266 | 28,493,086 | — | — | 166,280,020 | 398,582,639 | 427,218,691 | 1,588,267,794 | 44,633,187 | 100,428,390 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (10,351,881 | ) | (12,131,242 | ) | (7,388 | ) | (16,400,290 | ) | (118,339,034 | ) | (250,035,443 | ) | (557,331,617 | ) | (1,212,009,036 | ) | (8,607,835 | ) | (61,108,970 | ) | ||||||||||||||||||||
Net income equalization (Note 2) | (50,138 | ) | 32,907 | 10 | 100,446 | (57,241 | ) | (203,883 | ) | 339,891 | (1,357,506 | ) | (67,904 | ) | (93,037 | ) | ||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 44,008,247 | 16,394,751 | (7,378 | ) | (16,299,844 | ) | 47,883,745 | 148,343,313 | (129,773,035 | ) | 374,901,252 | 35,957,448 | 39,226,383 | |||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 79,459,379 | 49,451,254 | 15,447,165 | (3,983,373 | ) | (89,898,950 | ) | 221,178,570 | 224,462,266 | 838,664,743 | 54,865,592 | 44,643,297 | ||||||||||||||||||||||||||||
Net assets at beginning of period | 170,652,065 | 121,200,811 | 88,219,985 | 92,203,358 | 2,180,930,353 | 1,959,751,783 | 2,289,295,137 | 1,450,630,394 | 67,906,778 | 23,263,481 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 250,111,444 | $ | 170,652,065 | $ | 103,667,150 | $ | 88,219,985 | $ | 2,091,031,403 | $ | 2,180,930,353 | $ | 2,513,757,403 | $ | 2,289,295,137 | $ | 122,772,370 | $ | 67,906,778 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 550,000 | 350,000 | — | — | 2,200,000 | 5,250,000 | 13,800,000 | 63,250,000 | 950,000 | 2,800,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (100,289 | ) | (150,000 | ) | (119 | ) | (300,000 | ) | (1,600,275 | ) | (3,400,000 | ) | (17,900,000 | ) | (49,200,000 | ) | (200,000 | ) | (1,850,000 | ) | ||||||||||||||||||||
Net increase (decrease) | 449,711 | 200,000 | (119 | ) | (300,000 | ) | 599,725 | 1,850,000 | (4,100,000 | ) | 14,050,000 | 750,000 | 950,000 | |||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (23,318 | ) | $ | (69,849 | ) | $ | (91,785 | ) | $ | 105,801 | $ | (10,423,373 | ) | $ | (12,015,410 | ) | $ | 473,853 | $ | (638,169 | ) | $ | (56,397 | ) | $ | (132,954 | ) | ||||||||||||
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 Insurance ETF | SPDR S&P Mortgage Finance ETF | SPDR S&P Regional Banking ETF | SPDR Morgan Stanley Technology ETF | SPDR S&P Dividend ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 3,145,687 | $ | 3,678,575 | $ | 69,450 | $ | 114,108 | $ | 18,667,647 | $ | 26,529,555 | $ | 1,038,222 | $ | 1,850,814 | $ | 151,046,983 | $ | 296,564,224 | ||||||||||||||||||||
Net realized gain (loss) on investments | 21,309,264 | 39,211,009 | 6,717 | 286,287 | 229,035,427 | 135,082,674 | 518,074 | 11,623,804 | 447,884,934 | 282,096,091 | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 37,383,358 | 10,122,929 | 870,812 | 796,833 | 175,476,946 | 140,744,436 | 36,818,264 | 13,318,511 | 872,245,683 | 1,465,368,063 | ||||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | 61,838,309 | 53,012,513 | 946,979 | 1,197,228 | 423,180,020 | 302,356,665 | 38,374,560 | 26,793,129 | 1,471,177,600 | 2,044,028,378 | ||||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 159,977 | 234,659 | — | 6,997 | 75,607 | 594,814 | (5,042 | ) | (22,995 | ) | (1,860,576 | ) | 2,397,173 | |||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (3,159,471 | ) | (4,066,305 | ) | (66,850 | ) | (120,472 | ) | (19,288,047 | ) | (26,435,470 | ) | (1,154,694 | ) | (1,796,054 | ) | (152,548,647 | ) | (304,424,904 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | — | (211,986,072 | ) | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (3,159,471 | ) | (4,066,305 | ) | (66,850 | ) | (120,472 | ) | (19,288,047 | ) | (26,435,470 | ) | (1,154,694 | ) | (1,796,054 | ) | (364,534,719 | ) | (304,424,904 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 463,416,038 | 592,150,045 | — | 2,548,018 | 2,546,612,351 | 3,147,979,327 | 12,460,904 | 3,269,171 | 615,920,266 | 1,846,412,604 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (364,407,721 | ) | (416,020,200 | ) | — | — | (1,820,032,648 | ) | (2,821,063,468 | ) | (11,999,159 | ) | (16,890,687 | ) | (1,105,703,227 | ) | (772,535,005 | ) | ||||||||||||||||||||||
Net income equalization (Note 2) | (159,977 | ) | (234,659 | ) | — | (6,997 | ) | (75,607 | ) | (594,814 | ) | 5,042 | 22,995 | 1,860,576 | (2,397,173 | ) | ||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 98,848,340 | 175,895,186 | — | 2,541,021 | 726,504,096 | 326,321,045 | 466,787 | (13,598,521 | ) | (487,922,385 | ) | 1,071,480,426 | ||||||||||||||||||||||||||||
Net increase in net assets during the period | 157,687,155 | 225,076,053 | 880,129 | 3,624,774 | 1,130,471,676 | 602,837,054 | 37,681,611 | 11,375,559 | 616,859,920 | 2,813,481,073 | ||||||||||||||||||||||||||||||
Net assets at beginning of period | 318,774,215 | 93,698,162 | 7,491,571 | 3,866,797 | 1,770,490,009 | 1,167,652,955 | 178,028,697 | 166,653,138 | 11,936,788,516 | 9,123,307,443 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 476,461,370 | $ | 318,774,215 | $ | 8,371,700 | $ | 7,491,571 | $ | 2,900,961,685 | $ | 1,770,490,009 | $ | 215,710,308 | $ | 178,028,697 | $ | 12,553,648,436 | $ | 11,936,788,516 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 7,900,000 | 11,750,000 | — | 50,000 | 68,550,000 | 105,700,000 | 150,000 | 50,000 | 8,700,000 | 28,800,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (6,250,000 | ) | (8,150,000 | ) | — | — | (49,350,000 | ) | (96,100,000 | ) | (150,102 | ) | (250,000 | ) | (15,500,000 | ) | (12,950,000 | ) | ||||||||||||||||||||||
Net increase (decrease) | 1,650,000 | 3,600,000 | — | 50,000 | 19,200,000 | 9,600,000 | (102 | ) | (200,000 | ) | (6,800,000 | ) | 15,850,000 | |||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (150,607 | ) | $ | (136,823 | ) | $ | (568 | ) | $ | (3,168 | ) | $ | (368,571 | ) | $ | 251,829 | $ | (58,409 | ) | $ | 58,063 | $ | (9,362,344 | ) | $ | (7,860,680 | ) | ||||||||||||
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 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 | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 223,550 | $ | 254,781 | $ | 1,245,010 | $ | 2,209,321 | $ | 28,595 | $ | 73,610 | $ | 73,856 | $ | 137,347 | $ | 3,566,538 | $ | 13,061,879 | ||||||||||||||||||||
Net realized gain (loss) on investments | 241,072 | 1,002,728 | 189,528,058 | 122,697,952 | 603,002 | 923,106 | 472,312 | 2,398,954 | 237,179,331 | 431,833,810 | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 6,060,229 | 2,896,975 | 9,488,361 | (10,500,755 | ) | 3,818,087 | 888,820 | 5,937,913 | 3,408,645 | (6,327,271 | ) | 148,788,681 | ||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | 6,524,851 | 4,154,484 | 200,261,429 | 114,406,518 | 4,449,684 | 1,885,536 | 6,484,081 | 5,944,946 | 234,418,598 | 593,684,370 | ||||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 18,056 | 1,165 | 21,457 | (69,776 | ) | 871 | (1,238 | ) | 4,958 | 12,401 | (242,521 | ) | 661,096 | |||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (236,025 | ) | (256,804 | ) | (1,037,770 | ) | (2,102,827 | ) | (36,711 | ) | (73,156 | ) | (238,287 | ) | (139,824 | ) | (2,984,557 | ) | (13,639,867 | ) | ||||||||||||||||||||
Net realized gains | (258,021 | ) | (85,206 | ) | — | — | — | (307,664 | ) | — | (405,154 | ) | — | — | ||||||||||||||||||||||||||
Total distributions to shareholders | (494,046 | ) | (342,010 | ) | (1,037,770 | ) | (2,102,827 | ) | (36,711 | ) | (380,820 | ) | (238,287 | ) | (544,978 | ) | (2,984,557 | ) | (13,639,867 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 13,298,581 | — | 829,112,359 | 1,093,086,996 | 3,312,933 | 3,016,365 | 12,627,680 | 53,548,175 | 1,528,416,983 | 3,361,770,329 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | (3,198,676 | ) | (873,812,662 | ) | (996,989,207 | ) | — | (8,430,603 | ) | — | (23,723,912 | ) | (2,213,722,062 | ) | (2,787,909,693 | ) | |||||||||||||||||||||||
Net income equalization (Note 2) | (18,056 | ) | (1,165 | ) | (21,457 | ) | 69,776 | (871 | ) | 1,238 | (4,958 | ) | (12,401 | ) | 242,521 | (661,096 | ) | |||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 13,280,525 | (3,199,841 | ) | (44,721,760 | ) | 96,167,565 | 3,312,062 | (5,413,000 | ) | 12,622,722 | 29,811,862 | (685,062,558 | ) | 573,199,540 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 19,329,386 | 613,798 | 154,523,356 | 208,401,480 | 7,725,906 | (3,909,522 | ) | 18,873,474 | 35,224,231 | (453,871,038 | ) | 1,153,905,139 | ||||||||||||||||||||||||||||
Net assets at beginning of period | 15,344,758 | 14,730,960 | 849,853,485 | 641,452,005 | 19,008,979 | 22,918,501 | 44,525,722 | 9,301,491 | 2,475,307,177 | 1,321,402,038 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 34,674,144 | $ | 15,344,758 | $ | 1,004,376,841 | $ | 849,853,485 | $ | 26,734,885 | $ | 19,008,979 | $ | 63,399,196 | $ | 44,525,722 | $ | 2,021,436,139 | $ | 2,475,307,177 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 150,000 | — | 6,750,000 | 11,450,000 | 50,000 | 50,000 | 150,000 | 750,000 | 50,400,000 | 126,100,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | (50,000 | ) | (7,150,000 | ) | (10,600,000 | ) | — | (150,000 | ) | — | (350,000 | ) | (73,700,000 | ) | (103,900,000 | ) | |||||||||||||||||||||||
Net increase (decrease) | 150,000 | (50,000 | ) | (400,000 | ) | 850,000 | 50,000 | (100,000 | ) | 150,000 | 400,000 | (23,300,000 | ) | 22,200,000 | ||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (14,498 | ) | $ | (2,023 | ) | $ | (193,074 | ) | $ | (400,314 | ) | $ | (19,581 | ) | $ | (11,465 | ) | $ | (164,942 | ) | $ | (511 | ) | $ | 3,993 | $ | (577,988 | ) | |||||||||||
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 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 | ||||||||||||||||||||||||||||||||||||
Six | ||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | Six Months | Six Months | Months | ||||||||||||||||||||||||||||||||||||
Ended | Year | Ended | Year | Ended | Year | Ended | Year | Ended | Year | |||||||||||||||||||||||||||||||
12/31/13 | Ended | 12/31/13 | Ended | 12/31/13 | Ended | 12/31/13 | Ended | 12/31/13 | Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 4,227,167 | $ | 11,825,431 | $ | 1,039,510 | $ | 2,228,681 | $ | 3,992,225 | $ | 11,863,613 | $ | 1,926,923 | $ | 7,581,843 | $ | 2,781,722 | $ | 12,174,082 | ||||||||||||||||||||
Net realized gain (loss) on investments | (23,213,742 | ) | (115,565,873 | ) | (5,506,545 | ) | 18,768,819 | 75,078,671 | 70,622,405 | 74,695,997 | 57,617,986 | 159,935,749 | 138,771,529 | |||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 150,477,195 | (40,842,152 | ) | 36,070,593 | 45,779,445 | 37,900,407 | 36,879,182 | 54,450,615 | 1,417,389 | (4,445,064 | ) | 41,104,242 | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 131,490,620 | (144,582,594 | ) | 31,603,558 | 66,776,945 | 116,971,303 | 119,365,200 | 131,073,535 | 66,617,218 | 158,272,407 | 192,049,853 | |||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (264,934 | ) | 226,369 | (3,384 | ) | (19,344 | ) | 149,235 | 679,792 | 118,143 | (90,479 | ) | 498,543 | (303,587 | ) | |||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (4,167,033 | ) | (12,248,323 | ) | (1,047,023 | ) | (2,235,886 | ) | (2,876,463 | ) | (12,594,981 | ) | (1,987,264 | ) | (7,519,001 | ) | (3,757,075 | ) | (11,724,827 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (10,286,390 | ) | — | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (4,167,033 | ) | (12,248,323 | ) | (1,047,023 | ) | (2,235,886 | ) | (2,876,463 | ) | (12,594,981 | ) | (12,273,654 | ) | (7,519,001 | ) | (3,757,075 | ) | (11,724,827 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 823,706,103 | 2,527,844,702 | 38,225,065 | 324,383,290 | 5,222,413,097 | 8,242,814,327 | 229,506,133 | 154,764,199 | 5,069,935,272 | 11,828,548,475 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (966,672,228 | ) | (2,529,753,420 | ) | (16,729,208 | ) | (377,567,538 | ) | (5,311,342,307 | ) | (8,357,479,239 | ) | (111,938,584 | ) | (213,939,176 | ) | (5,250,314,109 | ) | (11,553,889,810 | ) | ||||||||||||||||||||
Net income equalization (Note 2) | 264,934 | (226,369 | ) | 3,384 | 19,344 | (149,235 | ) | (679,792 | ) | (118,143 | ) | 90,479 | (498,543 | ) | 303,587 | |||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (142,701,191 | ) | (2,135,087 | ) | 21,499,241 | (53,164,904 | ) | (89,078,445 | ) | (115,344,704 | ) | 117,449,406 | (59,084,498 | ) | (180,877,380 | ) | 274,962,252 | |||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (15,642,538 | ) | (158,739,635 | ) | 52,052,392 | 11,356,811 | 25,165,630 | (7,894,693 | ) | 236,367,430 | (76,760 | ) | (25,863,505 | ) | 454,983,691 | |||||||||||||||||||||||||
Net assets at beginning of period | 610,940,007 | 769,679,642 | 260,328,631 | 248,971,820 | 858,947,091 | 866,841,784 | 471,716,275 | 471,793,035 | 1,175,195,212 | 720,211,521 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 595,297,469 | $ | 610,940,007 | $ | 312,381,023 | $ | 260,328,631 | $ | 884,112,721 | $ | 858,947,091 | $ | 708,083,705 | $ | 471,716,275 | $ | 1,149,331,707 | $ | 1,175,195,212 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 21,500,000 | 61,050,000 | 900,000 | 8,850,000 | 78,350,000 | 146,550,000 | 2,800,000 | 2,400,000 | 60,850,000 | 176,950,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (25,750,000 | ) | (61,200,000 | ) | (400,000 | ) | (10,300,000 | ) | (80,200,000 | ) | (149,000,000 | ) | (1,450,000 | ) | (3,650,000 | ) | (63,150,000 | ) | (173,800,000 | ) | ||||||||||||||||||||
Net increase (decrease) | (4,250,000 | ) | (150,000 | ) | 500,000 | (1,450,000 | ) | (1,850,000 | ) | (2,450,000 | ) | 1,350,000 | (1,250,000 | ) | (2,300,000 | ) | 3,150,000 | |||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (31,421 | ) | $ | (91,555 | ) | $ | 2,569 | $ | 10,082 | $ | (179,043 | ) | $ | (1,294,805 | ) | $ | 2,501 | $ | 62,842 | $ | (526,098 | ) | $ | 449,255 | |||||||||||||||
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 Semiconductor ETF | SPDR S&P Software & Services ETF | SPDR S&P Telecom ETF | SPDR S&P Transportation ETF | SPDR S&P 1500 Value Tilt ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | For the Period | |||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | 10/24/12*- | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 257,359 | $ | 344,784 | $ | 64,496 | $ | 178,655 | $ | 43,264 | $ | 113,527 | $ | 165,829 | $ | 160,680 | $ | 71,281 | $ | 94,932 | ||||||||||||||||||||
Net realized gain (loss) on investments | 9,682,693 | 3,814,240 | 1,859,481 | 1,648,517 | 419,093 | (436,310 | ) | 3,538,331 | 1,415,309 | 50,517 | 121,175 | |||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 1,575,357 | 6,326,871 | 3,314,900 | 1,196,674 | 885,519 | 1,196,579 | 6,831,555 | 4,423,648 | 994,284 | 909,738 | ||||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | 11,515,409 | 10,485,895 | 5,238,877 | 3,023,846 | 1,347,876 | 873,796 | 10,535,715 | 5,999,637 | 1,116,082 | 1,125,845 | ||||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 7,638 | (32,122 | ) | 10,129 | (16,706 | ) | 21,456 | (16,536 | ) | (1,979 | ) | 9,282 | — | — | ||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (252,606 | ) | (317,050 | ) | (69,206 | ) | (164,028 | ) | (62,549 | ) | (122,407 | ) | (168,716 | ) | (169,421 | ) | (73,027 | ) | (93,054 | ) | ||||||||||||||||||||
Net realized gains | — | — | (548,807 | ) | (293,905 | ) | — | — | — | — | (138,103 | ) | — | |||||||||||||||||||||||||||
Total distributions to shareholders | (252,606 | ) | (317,050 | ) | (618,013 | ) | (457,933 | ) | (62,549 | ) | (122,407 | ) | (168,716 | ) | (169,421 | ) | (211,130 | ) | (93,054 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 303,227,035 | 248,745,935 | 16,856,002 | — | 7,959,566 | 2,438,879 | 30,117,923 | 33,883,175 | — | 6,000,000 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (267,311,660 | ) | (246,171,174 | ) | (4,385,255 | ) | (6,431,068 | ) | (2,614,424 | ) | — | (13,635,100 | ) | (5,693,131 | ) | — | — | |||||||||||||||||||||||
Net income equalization (Note 2) | (7,638 | ) | 32,122 | (10,129 | ) | 16,706 | (21,456 | ) | 16,536 | 1,979 | (9,282 | ) | — | — | ||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 35,907,737 | 2,606,883 | 12,460,618 | (6,414,362 | ) | 5,323,686 | 2,455,415 | 16,484,802 | 28,180,762 | — | 6,000,000 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 47,178,178 | 12,743,606 | 17,091,611 | (3,865,155 | ) | 6,630,469 | 3,190,268 | 26,849,822 | 34,020,260 | 904,952 | 7,032,791 | |||||||||||||||||||||||||||||
Net assets at beginning of period | 50,695,381 | 37,951,775 | 14,580,103 | 18,445,258 | 7,304,621 | 4,114,353 | 46,411,096 | 12,390,836 | 7,032,791 | — | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 97,873,559 | $ | 50,695,381 | $ | 31,671,714 | $ | 14,580,103 | $ | 13,935,090 | $ | 7,304,621 | $ | 73,260,918 | $ | 46,411,096 | $ | 7,937,743 | $ | 7,032,791 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 5,350,000 | 5,450,000 | 200,000 | — | 150,000 | 50,000 | 400,000 | 550,000 | — | 100,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (4,700,000 | ) | (5,350,000 | ) | (50,000 | ) | (100,000 | ) | (50,000 | ) | — | (200,000 | ) | (100,000 | ) | — | — | |||||||||||||||||||||||
Net increase (decrease) | 650,000 | 100,000 | 150,000 | (100,000 | ) | 100,000 | 50,000 | 200,000 | 450,000 | — | 100,000 | |||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (5,560 | ) | $ | (10,313 | ) | $ | (9,627 | ) | $ | (4,917 | ) | $ | (19,285 | ) | $ | — | $ | (9,222 | ) | $ | (6,335 | ) | $ | (279 | ) | $ | 1,467 | ||||||||||||
* | 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 1500 Momentum Tilt ETF | SPDR Russell 1000 Low Volatility ETF | SPDR Russell 2000 Low Volatility ETF | SPDR Wells Fargo Preferred Stock ETF | |||||||||||||||||||||||||||||
Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | ||||||||||||||||||||||||||
12/31/13 | 10/24/12*- | 12/31/13 | 2/20/13*- | 12/31/13 | 2/20/13*- | 12/31/13 | Year Ended | |||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 80,126 | $ | 97,754 | $ | 127,079 | $ | 64,973 | $ | 134,391 | $ | 88,264 | $ | 8,348,073 | $ | 20,971,749 | ||||||||||||||||
Net realized gain (loss) on investments | 191,667 | (119,903 | ) | 117,131 | 36,801 | 888,874 | 65,325 | (7,779,077 | ) | (1,619,738 | ) | |||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 1,518,563 | 1,061,693 | 820,820 | 118,351 | 486,458 | 193,946 | (17,306,933 | ) | (15,094,379 | ) | ||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 1,790,356 | 1,039,544 | 1,065,030 | 220,125 | 1,509,723 | 347,535 | (16,737,937 | ) | 4,257,632 | |||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | 7,724 | — | 13,205 | 70 | 7,931 | (683,203 | ) | 447,515 | |||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||
Net investment income | (131,841 | ) | (104,032 | ) | (120,377 | ) | (71,915 | ) | (157,850 | ) | (77,560 | ) | (10,754,912 | ) | (21,324,457 | ) | ||||||||||||||||
Net realized gains | — | — | (109,117 | ) | — | (68,592 | ) | — | — | — | ||||||||||||||||||||||
Total distributions to shareholders | (131,841 | ) | (104,032 | ) | (229,494 | ) | (71,915 | ) | (226,442 | ) | (77,560 | ) | (10,754,912 | ) | (21,324,457 | ) | ||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | 9,234,325 | — | 9,273,584 | 3,168,932 | 9,071,798 | 2,071,533 | 208,298,716 | ||||||||||||||||||||||||
Cost of shares redeemed | — | — | — | — | (6,718,354 | ) | — | (116,643,807 | ) | (82,747,868 | ) | |||||||||||||||||||||
Net income equalization (Note 2) | — | (7,724 | ) | — | (13,205 | ) | (70 | ) | (7,931 | ) | 683,203 | (447,515 | ) | |||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | — | 9,226,601 | — | 9,260,379 | (3,549,492 | ) | 9,063,867 | (113,889,071 | ) | 125,103,333 | ||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 1,658,515 | 10,169,837 | 835,536 | 9,421,794 | (2,266,141 | ) | 9,341,773 | (142,065,123 | ) | 108,484,023 | ||||||||||||||||||||||
Net assets at beginning of period | 10,169,837 | — | 9,421,794 | — | 9,341,773 | — | 361,657,665 | 253,173,642 | ||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 11,828,352 | $ | 10,169,837 | $ | 10,257,330 | $ | 9,421,794 | $ | 7,075,632 | $ | 9,341,773 | $ | 219,592,542 | $ | 361,657,665 | ||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||
Shares sold | — | 150,000 | — | 150,000 | 50,000 | 150,000 | 50,000 | 4,550,000 | ||||||||||||||||||||||||
Shares redeemed | — | — | — | — | (100,000 | ) | — | (2,800,000 | ) | (1,850,000 | ) | |||||||||||||||||||||
Net increase (decrease) | — | 150,000 | — | 150,000 | (50,000 | ) | 150,000 | (2,750,000 | ) | 2,700,000 | ||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (58,357 | ) | $ | (6,642 | ) | $ | (240 | ) | $ | (6,942 | ) | $ | (12,755 | ) | $ | 10,704 | $ | (1,213,870 | ) | $ | 1,192,969 | ||||||||||
* | 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 Russell 3000 ETF | SPDR Russell 1000 ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 120.30 | $ | 101.45 | $ | 99.24 | $ | 76.77 | $ | 67.33 | $ | 93.41 | $ | 75.29 | $ | 63.75 | $ | 62.09 | $ | 48.17 | $ | 42.69 | $ | 59.55 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 1.25 | 2.25 | 1.90 | 1.59 | 1.41 | 1.66 | 0.80 | 1.46 | 1.21 | 1.04 | 0.93 | 1.09 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 19.08 | 18.83 | 1.89 | 22.46 | 9.36 | (26.18 | ) | 11.76 | 11.56 | 1.62 | 13.92 | 5.38 | (17.02 | ) | ||||||||||||||||||||||||||||||||||
Total from investment operations | 20.33 | 21.08 | 3.79 | 24.05 | 10.77 | (24.52 | ) | 12.56 | 13.02 | 2.83 | 14.96 | 6.31 | (15.93 | ) | ||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.01 | ) | (0.00 | )(3) | 0.21 | (0.01 | ) | (0.03 | ) | 0.09 | — | (0.01 | ) | 0.00 | (3) | (0.00 | )(3) | (0.02 | ) | 0.21 | ||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.26 | ) | (2.23 | ) | (1.79 | ) | (1.57 | ) | (1.30 | ) | (1.65 | ) | (0.83 | ) | (1.47 | ) | (1.17 | ) | (1.04 | ) | (0.81 | ) | (1.14 | ) | ||||||||||||||||||||||||
Total distributions | (1.26 | ) | (2.23 | ) | (1.79 | ) | (1.57 | ) | (1.30 | ) | (1.65 | ) | (0.83 | ) | (1.47 | ) | (1.17 | ) | (1.04 | ) | (0.81 | ) | (1.14 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 139.36 | $ | 120.30 | $ | 101.45 | $ | 99.24 | $ | 76.77 | $ | 67.33 | $ | 87.02 | $ | 75.29 | $ | 63.75 | $ | 62.09 | $ | 48.17 | $ | 42.69 | ||||||||||||||||||||||||
Total return (4) | 16.95 | % | 20.91 | % | 4.16 | % | 31.45 | % | 15.87 | % | (26.18 | )% | 16.73 | % | 20.56 | % | 4.69 | % | 31.17 | % | 14.67 | % | (26.44 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 564,409 | $ | 499,249 | $ | 426,109 | $ | 193,526 | $ | 157,382 | $ | 158,238 | $ | 43,510 | $ | 37,646 | $ | 41,437 | $ | 37,253 | $ | 33,720 | $ | 38,419 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.11 | %(5) | 0.20 | % | 0.20 | % | 0.22 | % | 0.20 | % | 0.21 | % | 0.11 | %(5) | 0.20 | % | 0.20 | % | 0.22 | % | 0.20 | % | 0.23 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.90 | %(5) | 2.03 | % | 1.97 | % | 1.73 | % | 1.76 | % | 2.42 | % | 1.95 | %(5) | 2.11 | % | 1.99 | % | 1.80 | % | 1.84 | % | 2.63 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 17 | % | 1 | % | 3 | % | 2 | % | 2 | % | 10 | % | 6 | % | 6 | % | 4 | % | 5 | % | 5 | % | 10 | % |
(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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Russell | ||||||||||||||||||||||||||||||||||||||||||||||||||||
2000 ETF | SPDR S&P 500 Growth ETF | SPDR S&P 500 Value ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||
For the | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Period | Six Months | Six Months | ||||||||||||||||||||||||||||||||||||||||||||||||||
7/8/13*- | Ended | Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||||||||||||||
(Unaudited) | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | ||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 60.00 | $ | 72.83 | $ | 63.63 | $ | 60.18 | $ | 45.21 | $ | 39.70 | $ | 54.02 | $ | 82.26 | $ | 67.63 | $ | 67.32 | $ | 54.02 | $ | 48.38 | $ | 69.18 | ||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.53 | 0.65 | 1.25 | 1.01 | 0.67 | 0.39 | 0.52 | 0.99 | 1.85 | 1.52 | 1.51 | 1.51 | 1.93 | |||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 8.84 | 12.64 | 9.19 | 3.45 | 14.96 | 5.52 | (14.31 | ) | 10.44 | 14.66 | 0.32 | 13.19 | 5.54 | (20.78 | ) | |||||||||||||||||||||||||||||||||||||
Total from investment operations | 9.37 | 13.29 | 10.44 | 4.46 | 15.63 | 5.91 | (13.79 | ) | 11.43 | 16.51 | 1.84 | 14.70 | 7.05 | (18.85 | ) | |||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.19 | 0.01 | (0.01 | ) | 0.01 | 0.00 | (3) | — | (0.03 | ) | (0.05 | ) | 0.03 | (0.06 | ) | 0.11 | (0.03 | ) | 0.07 | |||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.47 | ) | (0.68 | ) | (1.23 | ) | (1.02 | ) | (0.66 | ) | (0.37 | ) | (0.50 | ) | (0.96 | ) | (1.91 | ) | (1.47 | ) | (1.51 | ) | (1.38 | ) | (2.02 | ) | ||||||||||||||||||||||||||
Return of capital | — | — | — | — | — | (0.03 | ) | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total distributions | (0.47 | ) | (0.68 | ) | (1.23 | ) | (1.02 | ) | (0.66 | ) | (0.40 | ) | (0.50 | ) | (0.96 | ) | (1.91 | ) | (1.47 | ) | (1.51 | ) | (1.38 | ) | (2.02 | ) | ||||||||||||||||||||||||||
Net asset value, end of period | $ | 69.09 | $ | 85.45 | $ | 72.83 | $ | 63.63 | $ | 60.18 | $ | 45.21 | $ | 39.70 | $ | 92.68 | $ | 82.26 | $ | 67.63 | $ | 67.32 | $ | 54.02 | $ | 48.38 | ||||||||||||||||||||||||||
Total return (4) | 15.95 | % | 18.31 | % | 16.49 | % | 7.54 | % | 34.65 | % | 14.83 | % | (25.58 | )% | 13.89 | % | 24.70 | % | 2.81 | % | 27.58 | % | 14.39 | % | (27.33 | )% | ||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 62,178 | $ | 324,715 | $ | 247,627 | $ | 219,541 | $ | 192,586 | $ | 167,284 | $ | 154,817 | $ | 176,166 | $ | 156,368 | $ | 98,120 | $ | 171,718 | $ | 99,985 | $ | 99,221 | ||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.12 | %(5) | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.22 | % | 0.20 | % | 0.20 | % | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.22 | % | 0.20 | % | 0.21 | % | ||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.67 | %(5) | 1.64 | %(5) | 1.83 | % | 1.69 | % | 1.22 | % | 0.83 | % | 1.27 | % | 2.25 | %(5) | 2.45 | % | 2.37 | % | 2.36 | % | 2.66 | % | 3.73 | % | ||||||||||||||||||||||||||
Portfolio turnover rate (6) | 4 | % | 24 | % | 26 | % | 21 | % | 46 | % | 15 | % | 32 | % | 23 | % | 30 | % | 25 | % | 41 | % | 15 | % | 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 Russell Small Cap Completeness ETF | SPDR S&P 400 Mid Cap Growth ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 76.01 | $ | 61.65 | $ | 64.26 | $ | 46.60 | $ | 36.78 | $ | 52.05 | $ | 95.79 | $ | 78.68 | $ | 82.38 | $ | 57.07 | $ | 45.20 | $ | 62.82 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.58 | 1.18 | 0.80 | 0.76 | 0.69 | 0.74 | 0.48 | 0.94 | 0.50 | 0.36 | 0.30 | 0.33 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 14.19 | 14.85 | (2.60 | ) | 17.65 | 9.67 | (15.32 | ) | 15.88 | 17.14 | (3.62 | ) | 25.31 | 11.84 | (17.64 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 14.77 | 16.03 | (1.80 | ) | 18.41 | 10.36 | (14.58 | ) | 16.36 | 18.08 | (3.12 | ) | 25.67 | 12.14 | (17.31 | ) | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.04 | ) | 0.00 | (3) | 0.00 | (3) | 0.01 | 0.04 | 0.06 | 0.00 | (3) | 0.04 | (0.01 | ) | (0.01 | ) | 0.01 | 0.01 | ||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.55 | ) | (1.19 | ) | (0.81 | ) | (0.76 | ) | (0.58 | ) | (0.75 | ) | (0.44 | ) | (1.01 | ) | (0.57 | ) | (0.35 | ) | (0.28 | ) | (0.32 | ) | ||||||||||||||||||||||||
Net realized gains | (7.81 | ) | (0.48 | ) | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Total distributions | (8.36 | ) | (1.67 | ) | (0.81 | ) | (0.76 | ) | (0.58 | ) | (0.75 | ) | (0.44 | ) | (1.01 | ) | (0.57 | ) | (0.35 | ) | (0.28 | ) | (0.32 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 82.38 | $ | 76.01 | $ | 61.65 | $ | 64.26 | $ | 46.60 | $ | 36.78 | $ | 111.71 | $ | 95.79 | $ | 78.68 | $ | 82.38 | $ | 57.07 | $ | 45.20 | ||||||||||||||||||||||||
Total return (4) | 19.52 | % | 26.19 | % | (2.73 | )% | 39.67 | % | 28.26 | % | (27.89 | )% | 17.10 | % | 22.96 | % | (3.66 | )% | 45.01 | % | 26.86 | % | (27.51 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 82,383 | $ | 95,008 | $ | 70,893 | $ | 80,329 | $ | 53,585 | $ | 31,260 | $ | 145,225 | $ | 91,003 | $ | 62,947 | $ | 74,140 | $ | 59,923 | $ | 42,939 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.11 | %(5) | 0.25 | % | 0.25 | % | 0.27 | % | 0.26 | % | 0.30 | % | 0.25 | %(5) | 0.25 | % | 0.25 | % | 0.28 | % | 0.26 | % | 0.28 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.39 | %(5) | 1.71 | % | 1.34 | % | 1.31 | % | 1.47 | % | 2.02 | % | 0.91 | %(5) | 1.07 | % | 0.65 | % | 0.50 | % | 0.52 | % | 0.75 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 65 | % | 29 | % | 20 | % | 23 | % | 31 | % | 58 | % | 37 | % | 43 | % | 33 | % | 88 | % | 45 | % | 74 | % |
(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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338
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 | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 68.97 | $ | 55.54 | $ | 57.18 | $ | 44.81 | $ | 35.29 | $ | 50.34 | $ | 86.83 | $ | 70.53 | $ | 70.54 | $ | 51.57 | $ | 41.18 | $ | 55.27 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.65 | 1.23 | 0.97 | 1.05 | 1.17 | 1.30 | 0.56 | 1.19 | 0.95 | 0.70 | 0.67 | 0.86 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 10.05 | 13.39 | (1.60 | ) | 12.42 | 9.32 | (14.89 | ) | 18.00 | 16.31 | (0.20 | ) | 19.03 | 10.28 | (14.20 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 10.70 | 14.62 | (0.63 | ) | 13.47 | 10.49 | (13.59 | ) | 18.56 | 17.50 | 0.75 | 19.73 | 10.95 | (13.34 | ) | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.03 | 0.07 | (0.03 | ) | (0.03 | ) | 0.08 | (0.09 | ) | 0.01 | 0.01 | 0.14 | (0.01 | ) | 0.01 | 0.06 | ||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.62 | ) | (1.26 | ) | (0.98 | ) | (1.07 | ) | (0.85 | ) | (1.37 | ) | (0.54 | ) | (1.21 | ) | (0.90 | ) | (0.71 | ) | (0.57 | ) | (0.81 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (2.13 | ) | — | — | (0.04 | ) | — | — | ||||||||||||||||||||||||||||||||||
Return of capital | — | — | — | — | (0.20 | ) | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Total distributions | (0.62 | ) | (1.26 | ) | (0.98 | ) | (1.07 | ) | (1.05 | ) | (1.37 | ) | (2.67 | ) | (1.21 | ) | (0.90 | ) | (0.75 | ) | (0.57 | ) | (0.81 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 79.08 | $ | 68.97 | $ | 55.54 | $ | 57.18 | $ | 44.81 | $ | 35.29 | $ | 102.73 | $ | 86.83 | $ | 70.53 | $ | 70.54 | $ | 51.57 | $ | 41.18 | ||||||||||||||||||||||||
Total return (3) | 15.58 | % | 26.42 | % | (0.82 | )% | 30.15 | % | 29.92 | % | (27.27 | )% | 21.41 | % | 24.98 | % | 1.35 | % | 38.37 | % | 26.57 | % | (23.98 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 75,125 | $ | 48,282 | $ | 22,215 | $ | 22,871 | $ | 20,164 | $ | 8,823 | $ | 421,185 | $ | 316,922 | $ | 183,382 | $ | 77,593 | $ | 51,570 | $ | 22,651 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.25 | %(4) | 0.25 | % | 0.25 | % | 0.28 | % | 0.26 | % | 0.34 | % | 0.20 | %(4) | 0.20 | % | 0.20 | % | 0.24 | % | 0.26 | % | 0.32 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.74 | %(4) | 1.94 | % | 1.81 | % | 2.00 | % | 2.56 | % | 3.52 | % | 1.16 | %(4) | 1.52 | % | 1.40 | % | 1.11 | % | 1.27 | % | 2.16 | % | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 34 | % | 33 | % | 28 | % | 82 | % | 50 | % | 73 | % | 9 | % | 11 | % | 13 | % | 82 | % | 20 | % | 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) | 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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340
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 | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 145.80 | $ | 121.07 | $ | 120.92 | $ | 82.62 | $ | 67.19 | $ | 90.65 | $ | 89.75 | $ | 71.24 | $ | 71.29 | $ | 55.88 | $ | 43.64 | $ | 57.92 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.68 | 1.57 | 0.97 | 0.61 | 0.26 | 0.56 | 0.70 | 1.37 | 1.09 | 1.03 | 1.30 | 1.52 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 32.97 | 24.73 | 0.28 | 38.10 | 15.35 | (23.51 | ) | 17.11 | 18.57 | 0.01 | 15.55 | 11.96 | (14.33 | ) | ||||||||||||||||||||||||||||||||||
Total from investment operations | 33.65 | 26.30 | 1.25 | 38.71 | 15.61 | (22.95 | ) | 17.81 | 19.94 | 1.10 | 16.58 | 13.26 | (12.81 | ) | ||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.04 | 0.05 | (0.02 | ) | (0.00 | )(3) | (0.00 | )(3) | 0.04 | 0.02 | (0.02 | ) | (0.04 | ) | (0.07 | ) | 0.06 | (0.02 | ) | |||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.60 | ) | (1.62 | ) | (1.08 | ) | (0.57 | ) | (0.18 | ) | (0.55 | ) | (0.65 | ) | (1.41 | ) | (1.11 | ) | (1.10 | ) | (1.08 | ) | (1.28 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (0.55 | ) | — | — | — | — | (0.17 | ) | ||||||||||||||||||||||||||||||||||
Total distributions | (0.60 | ) | (1.62 | ) | (1.08 | ) | (0.57 | ) | (0.18 | ) | (0.55 | ) | (1.20 | ) | (1.41 | ) | (1.11 | ) | (1.10 | ) | (1.08 | ) | (1.45 | ) | ||||||||||||||||||||||||
Voluntary contribution from Adviser | — | — | — | 0.16 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 178.89 | $ | 145.80 | $ | 121.07 | $ | 120.92 | $ | 82.62 | $ | 67.19 | $ | 106.38 | $ | 89.75 | $ | 71.24 | $ | 71.29 | $ | 55.88 | $ | 43.64 | ||||||||||||||||||||||||
Total return (4) | 23.13 | % | 21.89 | % | 1.07 | % | 47.08 | %(5) | 23.22 | % | (25.21 | )% | 19.90 | % | 28.17 | % | 1.61 | % | 29.68 | % | 30.49 | % | (22.20 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 348,841 | $ | 226,000 | $ | 151,354 | $ | 187,432 | $ | 123,946 | $ | 94,077 | $ | 250,111 | $ | 170,652 | $ | 121,201 | $ | 124,849 | $ | 142,564 | $ | 69,885 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.25 | %(6) | 0.25 | % | 0.25 | % | 0.27 | % | 0.25 | % | 0.26 | % | 0.25 | %(6) | 0.25 | % | 0.25 | % | 0.27 | % | 0.26 | % | 0.27 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.82 | %(6) | 1.19 | % | 0.85 | % | 0.58 | % | 0.31 | % | 0.88 | % | 1.41 | %(6) | 1.72 | % | 1.60 | % | 1.56 | % | 2.29 | % | 3.32 | % | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 44 | % | 45 | % | 37 | % | 102 | % | 34 | % | 42 | % | 37 | % | 39 | % | 34 | % | 88 | % | 35 | % | 38 | % |
(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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342
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 | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 58.79 | $ | 51.21 | $ | 59.50 | $ | 48.39 | $ | 47.27 | $ | 66.79 | $ | 75.91 | $ | 72.90 | $ | 66.59 | $ | 51.05 | $ | 34.00 | $ | 65.40 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.49 | 1.41 | 1.29 | 1.54 | 1.33 | 1.64 | 1.42 | 1.85 | 1.71 | 1.47 | 1.39 | 1.91 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 10.43 | 7.67 | (8.35 | ) | 10.91 | 1.21 | (19.47 | ) | (4.67 | ) | 3.44 | 6.67 | 15.98 | 17.37 | (31.15 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 10.92 | 9.08 | (7.06 | ) | 12.45 | 2.54 | (17.83 | ) | (3.25 | ) | 5.29 | 8.38 | 17.45 | 18.76 | (29.24 | ) | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.00 | )(3) | (0.06 | ) | (0.04 | ) | 0.07 | 0.01 | (0.09 | ) | 0.00 | (3) | 0.01 | 0.03 | 0.02 | 0.01 | 0.11 | |||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.62 | ) | (1.44 | ) | (1.19 | ) | (1.41 | ) | (1.43 | ) | (1.60 | ) | (1.37 | ) | (2.29 | ) | (2.10 | ) | (1.93 | ) | (1.72 | ) | (2.27 | ) | ||||||||||||||||||||||||
Total distributions | (0.62 | ) | (1.44 | ) | (1.19 | ) | (1.41 | ) | (1.43 | ) | (1.60 | ) | (1.37 | ) | (2.29 | ) | (2.10 | ) | (1.93 | ) | (1.72 | ) | (2.27 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 69.09 | $ | 58.79 | $ | 51.21 | $ | 59.50 | $ | 48.39 | $ | 47.27 | $ | 71.29 | $ | 75.91 | $ | 72.90 | $ | 66.59 | $ | 51.05 | $ | 34.00 | ||||||||||||||||||||||||
Total return (4) | 18.60 | % | 17.68 | % | (11.90 | )% | 25.99 | % | 5.10 | % | (26.89 | )% | (4.29 | )% | 7.36 | % | 13.05 | % | 34.55 | % | 55.42 | % | (44.96 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 103,667 | $ | 88,220 | $ | 92,203 | $ | 148,786 | $ | 79,871 | $ | 70,923 | $ | 2,091,031 | $ | 2,180,930 | $ | 1,959,752 | $ | 1,557,086 | $ | 1,137,458 | $ | 908,890 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(5) | 0.50 | % | 0.50 | % | 0.52 | % | 0.50 | % | 0.51 | % | 0.25 | %(5) | 0.25 | % | 0.25 | % | 0.26 | % | 0.25 | % | 0.25 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.49 | %(5) | 2.50 | % | 2.44 | % | 2.66 | % | 2.45 | % | 3.20 | % | 3.80 | %(5) | 2.45 | % | 2.60 | % | 2.40 | % | 2.94 | % | 4.58 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 9 | % | 13 | % | 11 | % | 108 | % | 6 | % | 10 | % | 3 | % | 7 | % | 7 | % | 10 | % | 10 | % | 15 | % |
(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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344
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 | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 28.67 | $ | 22.05 | $ | 24.00 | $ | 22.90 | $ | 18.08 | $ | 28.58 | $ | 39.95 | $ | 31.02 | $ | 35.45 | $ | 31.10 | $ | 33.41 | $ | 45.12 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.24 | 0.52 | 0.41 | 0.23 | 0.18 | 0.94 | 0.50 | 1.16 | 0.73 | 0.73 | 0.22 | 0.52 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 4.50 | 6.62 | (1.92 | ) | 1.08 | 4.80 | (10.67 | ) | 10.04 | 9.04 | (4.09 | ) | 4.36 | (2.26 | ) | (11.79 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 4.74 | 7.14 | (1.51 | ) | 1.31 | 4.98 | (9.73 | ) | 10.54 | 10.20 | (3.36 | ) | 5.09 | (2.04 | ) | (11.27 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.00 | )(3) | 0.02 | (0.02 | ) | (0.01 | ) | — | 0.03 | 0.04 | 0.09 | (0.09 | ) | (0.07 | ) | (0.01 | ) | (0.03 | ) | |||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.23 | ) | (0.54 | ) | (0.42 | ) | (0.20 | ) | (0.16 | ) | (0.80 | ) | (0.42 | ) | (1.36 | ) | (0.98 | ) | (0.67 | ) | (0.24 | ) | (0.41 | ) | ||||||||||||||||||||||||
Return of capital | — | — | — | — | — | — | — | — | — | — | (0.02 | ) | — | |||||||||||||||||||||||||||||||||||
Total distributions | (0.23 | ) | (0.54 | ) | (0.42 | ) | (0.20 | ) | (0.16 | ) | (0.80 | ) | (0.42 | ) | (1.36 | ) | (0.98 | ) | (0.67 | ) | (0.26 | ) | (0.41 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 33.18 | $ | 28.67 | $ | 22.05 | $ | 24.00 | $ | 22.90 | $ | 18.08 | $ | 50.11 | $ | 39.95 | $ | 31.02 | $ | 35.45 | $ | 31.10 | $ | 33.41 | ||||||||||||||||||||||||
Total return (4) | 16.60 | % | 32.76 | % | (6.22 | )% | 5.63 | % | 27.55 | % | (34.54 | )% | 26.58 | % | 33.67 | % | (9.53 | )% | 16.04 | % | (6.28 | )% | (24.98 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 2,513,757 | $ | 2,289,295 | $ | 1,450,630 | $ | 1,684,658 | $ | 746,684 | $ | 821,694 | $ | 122,772 | $ | 67,907 | $ | 23,263 | $ | 69,127 | $ | 51,307 | $ | 80,188 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | %(5) | 0.35 | % | 0.36 | % | 0.38 | % | 0.35 | % | 0.36 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.53 | %(5) | 2.08 | % | 1.92 | % | 0.92 | % | 0.79 | % | 4.29 | % | 2.22 | %(5) | 3.11 | % | 2.40 | % | 2.00 | % | 0.60 | % | 1.65 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 13 | % | 28 | % | 55 | % | 16 | % | 18 | % | 51 | % | 13 | % | 56 | % | 64 | % | 14 | % | 9 | % | 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) | 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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346
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 | ||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 4/29/09*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 54.03 | $ | 40.74 | $ | 41.73 | $ | 35.26 | $ | 26.52 | $ | 40.89 | $ | 49.94 | $ | 38.67 | $ | 38.38 | $ | 39.15 | $ | 36.18 | $ | 41.19 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.48 | 0.98 | 0.69 | 0.67 | 0.54 | 0.67 | 0.46 | 1.10 | 0.76 | 0.80 | 0.78 | 0.15 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 9.02 | 13.31 | (0.98 | ) | 6.49 | 8.67 | (14.55 | ) | 5.86 | 11.20 | 0.27 | (0.40 | ) | 3.18 | (5.02 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 9.50 | 14.29 | (0.29 | ) | 7.16 | 9.21 | (13.88 | ) | 6.32 | 12.30 | 1.03 | 0.40 | 3.96 | (4.87 | ) | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.02 | 0.06 | (0.05 | ) | 0.03 | (0.02 | ) | 0.14 | — | 0.07 | — | (0.01 | ) | (0.06 | ) | 0.04 | ||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.44 | ) | (1.06 | ) | (0.65 | ) | (0.72 | ) | (0.45 | ) | (0.63 | ) | (0.45 | ) | (1.10 | ) | (0.74 | ) | (0.92 | ) | (0.73 | ) | (0.18 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | — | — | (0.24 | ) | (0.20 | ) | — | ||||||||||||||||||||||||||||||||||
Total distributions | (0.44 | ) | (1.06 | ) | (0.65 | ) | (0.72 | ) | (0.45 | ) | (0.63 | ) | (0.45 | ) | (1.10 | ) | (0.74 | ) | (1.16 | ) | (0.93 | ) | (0.18 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 63.11 | $ | 54.03 | $ | 40.74 | $ | 41.73 | $ | 35.26 | $ | 26.52 | $ | 55.81 | $ | 49.94 | $ | 38.67 | $ | 38.38 | $ | 39.15 | $ | 36.18 | ||||||||||||||||||||||||
Total return (3) | 17.67 | % | 35.60 | % | (0.65 | )% | 20.35 | % | 34.65 | % | (33.69 | )% | 12.68 | % | 32.29 | % | 2.96 | % | 0.77 | % | 10.67 | % | (11.73 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 476,461 | $ | 318,774 | $ | 93,698 | $ | 214,897 | $ | 163,972 | $ | 139,205 | $ | 8,372 | $ | 7,492 | $ | 3,867 | $ | 3,838 | $ | 3,915 | $ | 5,427 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(4) | 0.35 | % | 0.35 | % | 0.37 | % | 0.35 | % | 0.35 | % | 0.35 | %(4) | 0.35 | % | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | %(4) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.63 | %(4) | 2.04 | % | 1.82 | % | 1.62 | % | 1.49 | % | 2.56 | % | 1.75 | %(4) | 2.44 | % | 2.22 | % | 1.95 | % | 1.84 | % | 2.38 | %(4) | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 9 | % | 30 | % | 62 | % | 9 | % | 14 | % | 53 | % | 16 | % | 40 | % | 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. |
347
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348
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 | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 33.85 | $ | 27.34 | $ | 25.45 | $ | 23.05 | $ | 18.31 | $ | 26.56 | $ | 74.18 | $ | 64.09 | $ | 65.43 | $ | 51.32 | $ | 44.96 | $ | 55.15 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.30 | 0.60 | 0.45 | 0.37 | 0.40 | 0.94 | 0.44 | 0.75 | 0.50 | 0.36 | 0.23 | 0.23 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 6.73 | 6.49 | 1.90 | 2.42 | 4.66 | (8.04 | ) | 15.75 | 10.10 | (1.30 | ) | 14.15 | 6.39 | (10.18 | ) | |||||||||||||||||||||||||||||||||
Total from investment operations | 7.03 | 7.09 | 2.35 | 2.79 | 5.06 | (7.10 | ) | 16.19 | 10.85 | (0.80 | ) | 14.51 | 6.62 | (9.95 | ) | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.00 | (3) | 0.01 | 0.02 | (0.02 | ) | 0.01 | 0.07 | (0.00 | )(3) | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.03 | ) | (0.00 | )(3) | ||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.31 | ) | (0.59 | ) | (0.48 | ) | (0.37 | ) | (0.33 | ) | (1.22 | ) | (0.49 | ) | (0.75 | ) | (0.53 | ) | (0.39 | ) | (0.23 | ) | (0.24 | ) | ||||||||||||||||||||||||
Total distributions | (0.31 | ) | (0.59 | ) | (0.48 | ) | (0.37 | ) | (0.33 | ) | (1.22 | ) | (0.49 | ) | (0.75 | ) | (0.53 | ) | (0.39 | ) | (0.23 | ) | (0.24 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 40.57 | $ | 33.85 | $ | 27.34 | $ | 25.45 | $ | 23.05 | $ | 18.31 | $ | 89.88 | $ | 74.18 | $ | 64.09 | $ | 65.43 | $ | 51.32 | $ | 44.96 | ||||||||||||||||||||||||
Total return (4) | 20.84 | % | 26.20 | % | 9.59 | % | 12.00 | % | 27.70 | % | (27.94 | )% | 21.84 | % | 16.93 | % | (1.21 | )% | 28.27 | % | 14.62 | % | (17.97 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 2,900,962 | $ | 1,770,490 | $ | 1,167,653 | $ | 558,689 | $ | 703,213 | $ | 434,937 | $ | 215,710 | $ | 178,029 | $ | 166,653 | $ | 206,119 | $ | 182,188 | $ | 197,818 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.50 | %(5) | 0.50 | % | 0.50 | % | 0.53 | % | 0.50 | % | 0.50 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.61 | %(5) | 2.04 | % | 1.77 | % | 1.50 | % | 1.72 | % | 3.68 | % | 1.06 | %(5) | 1.08 | % | 0.79 | % | 0.57 | % | 0.42 | % | 0.56 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 14 | % | 29 | % | 44 | % | 13 | % | 23 | % | 51 | % | 26 | % | 27 | % | 21 | % | 10 | % | 17 | % | 19 | % |
(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. |
349
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350
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | 9/28/11*- | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | ||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 66.41 | $ | 55.66 | $ | 54.06 | $ | 45.13 | $ | 37.96 | $ | 44.30 | $ | 76.72 | $ | 58.92 | $ | 50.00 | $ | 104.92 | $ | 88.48 | $ | 73.03 | $ | 51.82 | $ | 50.71 | $ | 57.47 | ||||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.85 | 1.79 | 1.80 | 1.73 | 1.71 | 1.97 | 0.84 | 1.14 | 0.52 | 0.15 | 0.29 | (0.11 | ) | (0.20 | ) | (0.12 | ) | 0.44 | ||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 7.43 | 10.78 | 1.53 | 8.80 | 6.97 | (6.47 | ) | 23.05 | 18.08 | 8.90 | 25.50 | 16.45 | 15.48 | 21.42 | 1.23 | (7.23 | ) | |||||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 8.28 | 12.57 | 3.33 | 10.53 | 8.68 | (4.50 | ) | 23.89 | 19.22 | 9.42 | 25.65 | 16.74 | 15.37 | 21.22 | 1.11 | (6.79 | ) | |||||||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.01 | ) | 0.01 | 0.06 | 0.14 | 0.15 | 0.16 | 0.07 | 0.01 | (0.00 | )(3) | 0.00 | (3) | (0.01 | ) | 0.08 | (0.01 | ) | 0.00 | (3) | 0.00 | (3) | ||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.87 | ) | (1.83 | ) | (1.79 | ) | (1.74 | ) | (1.57 | ) | (2.00 | ) | (0.87 | ) | (1.09 | ) | (0.50 | ) | (0.13 | ) | (0.29 | ) | — | — | — | (0.16 | ) | |||||||||||||||||||||||||||||||||
Net realized gains | (1.23 | ) | — | — | — | — | — | (0.74 | ) | (0.34 | ) | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Return of capital | — | — | — | — | (0.09 | ) | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total distributions | (2.10 | ) | (1.83 | ) | (1.79 | ) | (1.74 | ) | (1.66 | ) | (2.00 | ) | (1.61 | ) | (1.43 | ) | (0.50 | ) | (0.13 | ) | (0.29 | ) | — | — | — | (0.16 | ) | |||||||||||||||||||||||||||||||||
Voluntary contribution from Adviser | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.19 | |||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 72.58 | $ | 66.41 | $ | 55.66 | $ | 54.06 | $ | 45.13 | $ | 37.96 | $ | 99.07 | $ | 76.72 | $ | 58.92 | $ | 130.44 | $ | 104.92 | $ | 88.48 | $ | 73.03 | $ | 51.82 | $ | 50.71 | ||||||||||||||||||||||||||||||
Total return (4) | 12.51 | % | 22.87 | % | 6.46 | % | 23.82 | % | 23.25 | % | (10.06 | )% | 31.37 | % | 33.01 | % | 18.86 | % | 25.08 | % | 18.35 | % | 21.15 | % | 40.92 | % | 2.20 | % | (11.46 | )%(5) | ||||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 12,553,648 | $ | 11,936,789 | $ | 9,123,307 | $ | 5,982,242 | $ | 1,949,711 | $ | 658,655 | $ | 34,674 | $ | 15,345 | $ | 14,731 | $ | 1,004,377 | $ | 849,853 | $ | 641,452 | $ | 642,639 | $ | 450,860 | $ | 428,508 | ||||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(6) | 0.35 | % | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | %(6) | 0.35 | % | 0.35 | %(6) | 0.35 | %(6) | 0.35 | % | 0.35 | % | 0.37 | % | 0.35 | % | 0.35 | % | ||||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.39 | %(6) | 2.92 | % | 3.34 | % | 3.31 | % | 3.70 | % | 5.10 | % | 1.89 | %(6) | 1.75 | % | 1.18 | %(6) | 0.25 | %(6) | 0.31 | % | (0.15 | )% | (0.31 | )% | (0.23 | )% | 0.83 | % | ||||||||||||||||||||||||||||||
Portfolio turnover rate (7) | 14 | % | 44 | % | 94 | % | 52 | % | 44 | % | 105 | % | 15 | % | 34 | % | 23 | % | 39 | % | 61 | % | 61 | % | 74 | % | 80 | % | 78 | % |
* | 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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352
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 | ||||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | 1/26/11*- | 12/31/13 | Year Ended | 9/28/11*- | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | (Unaudited) | 6/30/13 | 6/30/12 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | ||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 63.36 | $ | 57.30 | $ | 55.10 | $ | 50.37 | $ | 80.96 | $ | 62.01 | $ | 50.00 | $ | 29.45 | $ | 21.36 | $ | 18.05 | $ | 14.32 | $ | 11.77 | $ | 16.53 | ||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.08 | 0.23 | 0.10 | 0.03 | 0.12 | 0.54 | 0.19 | 0.05 | 0.16 | 0.24 | 0.13 | 0.13 | 0.24 | |||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 13.05 | 6.93 | 2.35 | 4.72 | 9.82 | 21.02 | 11.99 | 3.82 | 8.08 | 3.29 | 3.93 | 2.55 | (4.72 | ) | ||||||||||||||||||||||||||||||||||||||
Total from investment operations | 13.13 | 7.16 | 2.45 | 4.75 | 9.94 | 21.56 | 12.18 | 3.87 | 8.24 | 3.53 | 4.06 | 2.68 | (4.48 | ) | ||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.00 | (3) | (0.00 | )(3) | (0.00 | )(3) | 0.00 | (3) | 0.01 | 0.05 | 0.00 | (3) | (0.00 | )(3) | 0.01 | 0.01 | 0.01 | (0.01 | ) | 0.01 | ||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.10 | ) | (0.22 | ) | (0.09 | ) | (0.02 | ) | (0.34 | ) | (0.63 | ) | (0.17 | ) | (0.05 | ) | (0.16 | ) | (0.23 | ) | (0.34 | ) | (0.12 | ) | (0.29 | ) | ||||||||||||||||||||||||||
Net realized gains | — | (0.88 | ) | (0.16 | ) | — | — | (2.03 | ) | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total distributions | (0.10 | ) | (1.10 | ) | (0.25 | ) | (0.02 | ) | (0.34 | ) | (2.66 | ) | (0.17 | ) | (0.05 | ) | (0.16 | ) | (0.23 | ) | (0.34 | ) | (0.12 | ) | (0.29 | ) | ||||||||||||||||||||||||||
Net asset value, end of period | $ | 76.39 | $ | 63.36 | $ | 57.30 | $ | 55.10 | $ | 90.57 | $ | 80.96 | $ | 62.01 | $ | 33.27 | $ | 29.45 | $ | 21.36 | $ | 18.05 | $ | 14.32 | $ | 11.77 | ||||||||||||||||||||||||||
Total return (4) | 20.72 | % | 12.70 | % | 4.51 | % | 9.43 | % | 12.31 | % | 35.66 | % | 24.35 | % | 13.15 | % | 38.64 | % | 19.85 | % | 28.59 | % | 22.61 | % | (27.30 | )% | ||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 26,735 | $ | 19,009 | $ | 22,919 | $ | 19,284 | $ | 63,399 | $ | 44,526 | $ | 9,301 | $ | 2,021,436 | $ | 2,475,307 | $ | 1,321,402 | $ | 774,381 | $ | 700,790 | $ | 556,111 | ||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.35 | %(5) | 0.35 | %(5) | 0.35 | % | 0.35 | %(5) | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.37 | % | 0.35 | % | 0.35 | % | ||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.23 | %(5) | 0.39 | % | 0.20 | % | 0.12 | %(5) | 0.27 | %(5) | 0.75 | % | 0.42 | %(5) | 0.35 | %(5) | 0.59 | % | 1.30 | % | 0.78 | % | 0.84 | % | 1.84 | % | ||||||||||||||||||||||||||
Portfolio turnover rate (6) | 21 | % | 34 | % | 42 | % | 21 | % | 16 | % | 48 | % | 25 | % | 17 | % | 36 | % | 46 | % | 38 | % | 48 | % | 82 | % |
* | 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. |
353
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354
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 | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 33.20 | $ | 41.49 | $ | 69.40 | $ | 45.67 | $ | 37.07 | $ | 94.16 | $ | 39.15 | $ | 30.74 | $ | 41.48 | $ | 25.04 | $ | 21.76 | $ | 50.90 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.28 | 0.61 | 0.55 | 0.40 | 0.38 | 0.55 | 0.15 | 0.28 | 0.14 | 0.28 | 0.16 | 0.18 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 8.90 | (8.29 | ) | (27.86 | ) | 23.76 | 8.59 | (57.11 | ) | 4.54 | 8.41 | (10.73 | ) | 16.44 | 3.27 | (29.14 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 9.18 | (7.68 | ) | (27.31 | ) | 24.16 | 8.97 | (56.56 | ) | 4.69 | 8.69 | (10.59 | ) | 16.72 | 3.43 | (28.96 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.02 | ) | 0.01 | (0.03 | ) | (0.01 | ) | (0.02 | ) | 0.04 | (0.00 | )(3) | (0.00 | )(3) | 0.00 | (3) | 0.02 | (0.00 | )(3) | (0.00 | )(3) | |||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.29 | ) | (0.62 | ) | (0.57 | ) | (0.42 | ) | (0.35 | ) | (0.57 | ) | (0.15 | ) | (0.28 | ) | (0.15 | ) | (0.30 | ) | (0.15 | ) | (0.18 | ) | ||||||||||||||||||||||||
Total distributions | (0.29 | ) | (0.62 | ) | (0.57 | ) | (0.42 | ) | (0.35 | ) | (0.57 | ) | (0.15 | ) | (0.28 | ) | (0.15 | ) | (0.30 | ) | (0.15 | ) | (0.18 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 42.07 | $ | 33.20 | $ | 41.49 | $ | 69.40 | $ | 45.67 | $ | 37.07 | $ | 43.69 | $ | 39.15 | $ | 30.74 | $ | 41.48 | $ | 25.04 | $ | 21.76 | ||||||||||||||||||||||||
Total return (4) | 27.64 | % | (18.75 | )% | (39.46 | )% | 52.93 | % | 24.08 | % | (59.95 | )% | 12.00 | % | 28.34 | % | (25.56 | )% | 67.00 | % | 15.71 | % | (56.87 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 595,297 | $ | 610,940 | $ | 769,680 | $ | 1,131,189 | $ | 698,812 | $ | 602,423 | $ | 312,381 | $ | 260,329 | $ | 248,972 | $ | 489,450 | $ | 249,145 | $ | 199,101 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.37 | % | 0.35 | % | 0.35 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.46 | %(5) | 1.45 | % | 1.06 | % | 0.63 | % | 0.78 | % | 1.43 | % | 0.70 | %(5) | 0.77 | % | 0.39 | % | 0.77 | % | 0.56 | % | 0.75 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 14 | % | 36 | % | 32 | % | 68 | % | 43 | % | 68 | % | 12 | % | 31 | % | 30 | % | 96 | % | 39 | % | 42 | % |
(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. |
355
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356
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 | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 58.23 | $ | 50.40 | $ | 58.77 | $ | 39.02 | $ | 31.67 | $ | 70.10 | $ | 70.40 | $ | 59.34 | $ | 50.89 | $ | 38.66 | $ | 30.00 | $ | 31.08 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.28 | 0.79 | 0.44 | 0.48 | 0.24 | 0.29 | 0.27 | 1.17 | 0.45 | 0.44 | 0.38 | 0.45 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 10.22 | 7.79 | (8.37 | ) | 19.76 | 7.38 | (38.46 | ) | 18.82 | 11.02 | 8.53 | 12.40 | 8.56 | (1.07 | ) | |||||||||||||||||||||||||||||||||
Total from investment operations | 10.50 | 8.58 | (7.93 | ) | 20.24 | 7.62 | (38.17 | ) | 19.09 | 12.19 | 8.98 | 12.84 | 8.94 | (0.62 | ) | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.01 | 0.05 | 0.01 | (0.01 | ) | (0.04 | ) | 0.02 | 0.02 | (0.01 | ) | 0.03 | (0.00 | )(3) | 0.04 | 0.03 | ||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.20 | ) | (0.80 | ) | (0.45 | ) | (0.48 | ) | (0.23 | ) | (0.28 | ) | (0.27 | ) | (1.12 | ) | (0.48 | ) | (0.41 | ) | (0.32 | ) | (0.44 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (1.28 | ) | — | (0.08 | ) | (0.20 | ) | — | (0.05 | ) | ||||||||||||||||||||||||||||||||
Total distributions | (0.20 | ) | (0.80 | ) | (0.45 | ) | (0.48 | ) | (0.23 | ) | (0.28 | ) | (1.55 | ) | (1.12 | ) | (0.56 | ) | (0.61 | ) | (0.32 | ) | (0.49 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 68.54 | $ | 58.23 | $ | 50.40 | $ | 58.77 | $ | 39.02 | $ | 31.67 | $ | 87.96 | $ | 70.40 | $ | 59.34 | $ | 50.89 | $ | 38.66 | $ | 30.00 | ||||||||||||||||||||||||
Total return (4) | 18.05 | % | 17.18 | % | (13.49 | )% | 51.84 | % | 23.92 | % | (54.44 | )% | 27.15 | % | 20.81 | % | 17.86 | % | 33.35 | % | 30.00 | % | (1.89 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 884,113 | $ | 858,947 | $ | 866,842 | $ | 593,571 | $ | 536,504 | $ | 280,282 | $ | 708,084 | $ | 471,716 | $ | 471,793 | $ | 244,298 | $ | 143,064 | $ | 40,499 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.36 | % | 0.36 | % | 0.36 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.85 | %(5) | 1.42 | % | 0.82 | % | 0.92 | % | 0.60 | % | 0.82 | % | 0.68 | %(5) | 1.92 | % | 0.86 | % | 0.96 | % | 1.00 | % | 1.59 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 23 | % | 40 | % | 42 | % | 87 | % | 33 | % | 45 | % | 34 | % | 44 | % | 31 | % | 50 | % | 47 | % | 80 | % |
(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. |
357
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358
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 | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 76.56 | $ | 59.03 | $ | 53.48 | $ | 35.65 | $ | 27.70 | $ | 29.26 | $ | 53.36 | $ | 44.65 | $ | 56.02 | $ | 41.86 | $ | 33.86 | $ | 41.62 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.21 | 1.02 | 0.60 | 0.46 | 0.36 | 0.40 | 0.20 | 0.37 | 0.43 | 0.21 | 0.38 | 0.35 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 11.51 | 17.60 | 5.50 | 17.69 | 8.30 | (1.70 | ) | 7.78 | 8.72 | (11.41 | ) | 14.30 | 8.01 | (7.84 | ) | |||||||||||||||||||||||||||||||||
Total from investment operations | 11.72 | 18.62 | 6.10 | 18.15 | 8.66 | (1.30 | ) | 7.98 | 9.09 | (10.98 | ) | 14.51 | 8.39 | (7.49 | ) | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.04 | (0.03 | ) | 0.03 | 0.14 | (0.16 | ) | (0.01 | ) | 0.01 | (0.03 | ) | (0.02 | ) | (0.02 | ) | (0.02 | ) | 0.02 | |||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.25 | ) | (1.06 | ) | (0.58 | ) | (0.46 | ) | (0.55 | ) | (0.43 | ) | (0.18 | ) | (0.35 | ) | (0.37 | ) | (0.33 | ) | (0.37 | ) | (0.29 | ) | ||||||||||||||||||||||||
Total distributions | (0.25 | ) | (1.06 | ) | (0.58 | ) | (0.46 | ) | (0.55 | ) | (0.43 | ) | (0.18 | ) | (0.35 | ) | (0.37 | ) | (0.33 | ) | (0.37 | ) | (0.29 | ) | ||||||||||||||||||||||||
Voluntary contribution from Adviser | — | — | — | — | 0.00 | (3) | 0.18 | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 88.07 | $ | 76.56 | $ | 59.03 | $ | 53.48 | $ | 35.65 | $ | 27.70 | $ | 61.17 | $ | 53.36 | $ | 44.65 | $ | 56.02 | $ | 41.86 | $ | 33.86 | ||||||||||||||||||||||||
Total return (4) | 15.37 | % | 31.78 | % | 11.56 | % | 51.46 | % | 30.67 | %(5) | (3.61 | )%(5) | 14.98 | % | 20.40 | % | (19.65 | )% | 34.66 | % | 24.66 | % | (17.88 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 1,149,332 | $ | 1,175,195 | $ | 720,212 | $ | 548,165 | $ | 689,757 | $ | 1,018,007 | $ | 97,874 | $ | 50,695 | $ | 37,952 | $ | 114,841 | $ | 104,662 | $ | 103,282 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(6) | 0.35 | % | 0.35 | % | 0.36 | % | 0.35 | % | 0.35 | % | 0.35 | %(6) | 0.35 | % | 0.35 | % | 0.37 | % | 0.35 | % | 0.35 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.51 | %(6) | 1.53 | % | 1.10 | % | 1.01 | % | 0.99 | % | 1.61 | % | 0.68 | %(6) | 0.77 | % | 0.89 | % | 0.40 | % | 0.87 | % | 1.12 | % | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 23 | % | 29 | % | 39 | % | 69 | % | 26 | % | 69 | % | 17 | % | 38 | % | 36 | % | 88 | % | 19 | % | 41 | % |
(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)%. | |
(6) | Annualized. | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
359
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360
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Software & Services ETF | SPDR S&P Telecom ETF | SPDR S&P Transportation ETF | ||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 9/28/11*- | 12/31/13 | Year Ended | Year Ended | 1/26/11*- | 12/31/13 | Year Ended | Year Ended | 1/26/11*- | ||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | ||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 72.90 | $ | 61.48 | $ | 50.00 | $ | 48.70 | $ | 41.14 | $ | 51.59 | $ | 51.00 | $ | 66.30 | $ | 49.56 | $ | 53.08 | $ | 50.88 | ||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.24 | 0.77 | 0.16 | 0.27 | 1.08 | 0.44 | 0.15 | 0.22 | 0.41 | 0.23 | 0.09 | |||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 19.13 | 12.94 | 11.47 | 6.89 | 7.86 | (10.42 | ) | 0.45 | 15.09 | 16.79 | (3.51 | ) | 2.18 | |||||||||||||||||||||||||||||||
Total from investment operations | 19.37 | 13.71 | 11.63 | 7.16 | 8.94 | (9.98 | ) | 0.60 | 15.31 | 17.20 | (3.28 | ) | 2.27 | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.04 | (0.07 | ) | (0.01 | ) | 0.13 | (0.16 | ) | (0.07 | ) | 0.13 | (0.00 | )(3) | 0.02 | (0.01 | ) | 0.03 | |||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.25 | ) | (0.75 | ) | (0.14 | ) | (0.25 | ) | (1.22 | ) | (0.40 | ) | (0.14 | ) | (0.21 | ) | (0.48 | ) | (0.23 | ) | (0.08 | ) | ||||||||||||||||||||||
Net realized gains | (1.57 | ) | (1.47 | ) | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Return of capital | — | — | — | — | — | — | — | — | — | — | (0.02 | ) | ||||||||||||||||||||||||||||||||
Total distributions | (1.82 | ) | (2.22 | ) | (0.14 | ) | (0.25 | ) | (1.22 | ) | (0.40 | ) | (0.14 | ) | (0.21 | ) | (0.48 | ) | (0.23 | ) | (0.10 | ) | ||||||||||||||||||||||
Net asset value, end of period | $ | 90.49 | $ | 72.90 | $ | 61.48 | $ | 55.74 | $ | 48.70 | $ | 41.14 | $ | 51.59 | $ | 81.40 | $ | 66.30 | $ | 49.56 | $ | 53.08 | ||||||||||||||||||||||
Total return (4) | 26.64 | % | 22.66 | % | 23.25 | % | 14.98 | % | 21.47 | % | (19.47 | )% | 1.43 | % | 23.10 | % | 34.87 | % | (6.14 | )% | 4.52 | % | ||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 31,672 | $ | 14,580 | $ | 18,445 | $ | 13,935 | $ | 7,305 | $ | 4,114 | $ | 10,318 | $ | 73,261 | $ | 46,411 | $ | 12,391 | $ | 15,923 | ||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | % | 0.35 | %(5) | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.35 | %(5) | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.35 | %(5) | ||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.57 | %(5) | 1.18 | % | 0.35 | %(5) | 1.03 | %(5) | 2.38 | % | 1.01 | % | 0.67 | %(5) | 0.61 | %(5) | 0.68 | % | 0.50 | % | 0.41 | %(5) | ||||||||||||||||||||||
Portfolio turnover rate (6) | 21 | % | 37 | % | 32 | % | 28 | % | 42 | % | 50 | % | 64 | % | 16 | % | 36 | % | 25 | % | 19 | % |
* | 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. |
361
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362
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P 1500 Value Tilt ETF | SPDR S&P 1500 Momentum Tilt ETF | SPDR Russell 1000 Low Volatility ETF | SPDR Russell 2000 Low Volatility ETF | SPDR Wells Fargo Preferred Stock 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 | |||||||||||||||||||||||||||||||||||||||||||
12/31/13 | 10/24/12*- | 12/31/13 | 10/24/12*- | 12/31/13 | 2/20/13*- | 12/31/13 | 2/20/13*- | 12/31/13 | Year Ended | Year Ended | Year Ended | 9/16/09*- | ||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | ||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 70.33 | $ | 60.00 | $ | 67.80 | $ | 60.00 | $ | 62.81 | $ | 60.00 | $ | 62.28 | $ | 60.00 | $ | 43.57 | $ | 45.21 | $ | 45.62 | $ | 42.15 | $ | 40.00 | ||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.71 | 0.95 | 0.53 | 0.79 | 0.85 | 0.55 | 1.10 | 0.72 | 1.28 | 2.86 | 3.09 | 2.98 | 2.41 | |||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 10.45 | 10.31 | 11.41 | 7.75 | 6.25 | 2.67 | 9.43 | 2.07 | (3.33 | ) | (1.72 | ) | (0.84 | ) | 3.32 | 0.95 | ||||||||||||||||||||||||||||||||||||
Total from investment operations | 11.16 | 11.26 | 11.94 | 8.54 | 7.10 | 3.22 | 10.53 | 2.79 | (2.05 | ) | 1.14 | 2.25 | 6.30 | 3.36 | ||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | 0.06 | — | 0.11 | (0.00 | )(3) | 0.06 | (0.11 | ) | 0.06 | 0.18 | 0.22 | 0.63 | |||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.73 | ) | (0.93 | ) | (0.88 | ) | (0.80 | ) | (0.80 | ) | (0.52 | ) | (1.36 | ) | (0.57 | ) | (1.84 | ) | (2.84 | ) | (2.84 | ) | (3.05 | ) | (1.84 | ) | ||||||||||||||||||||||||||
Net realized gains | (1.38 | ) | — | — | — | (0.73 | ) | — | (0.69 | ) | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total distributions | (2.11 | ) | (0.93 | ) | (0.88 | ) | (0.80 | ) | (1.53 | ) | (0.52 | ) | (2.05 | ) | (0.57 | ) | (1.84 | ) | (2.84 | ) | (2.84 | ) | (3.05 | ) | (1.84 | ) | ||||||||||||||||||||||||||
Net asset value, end of period | $ | 79.38 | $ | 70.33 | $ | 78.86 | $ | 67.80 | $ | 68.38 | $ | 62.81 | $ | 70.76 | $ | 62.28 | $ | 39.57 | $ | 43.57 | $ | 45.21 | $ | 45.62 | $ | 42.15 | ||||||||||||||||||||||||||
Total return (4) | 15.92 | % | 18.85 | % | 17.64 | % | 14.39 | % | 11.37 | % | 5.55 | % | 16.96 | % | 4.74 | % | (4.98 | )% | 2.70 | % | 5.70 | % | 15.64 | % | 10.04 | % | ||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 7,938 | $ | 7,033 | $ | 11,828 | $ | 10,170 | $ | 10,257 | $ | 9,422 | $ | 7,076 | $ | 9,342 | $ | 219,593 | $ | 361,658 | $ | 253,174 | $ | 118,609 | $ | 65,340 | ||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.35 | %(5) | 0.35 | %(5) | 0.35 | %(5) | 0.35 | %(5) | 0.20 | %(5) | 0.20 | %(5) | 0.25 | %(5) | 0.25 | %(5) | 0.45 | %(5) | 0.45 | % | 0.45 | % | 0.46 | % | 0.45 | %(5) | ||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.88 | %(5) | 2.12 | %(5) | 1.44 | %(5) | 1.78 | %(5) | 2.56 | %(5) | 2.46 | %(5) | 3.24 | %(5) | 3.24 | %(5) | 6.12 | %(5) | 6.27 | % | 6.99 | % | 6.57 | % | 7.25 | %(5) | ||||||||||||||||||||||||||
Portfolio turnover rate (6) | 1 | % | 12 | % | 33 | % | 36 | % | 28 | % | 31 | % | 18 | % | 29 | % | 11 | % | 67 | % | 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) | 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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364
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS
NOTES TO FINANCIAL STATEMENTS
December 31, 2013 (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, 2013, the Trust offered sixty-nine (69) 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-nine (39) Funds: SPDR Russell 3000 ETF, SPDR Russell 1000 ETF, SPDR Russell 2000 ETF, SPDR S&P 500 Growth ETF, SPDR S&P 500 Value ETF, SPDR Russell Small Cap Completeness 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, 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, 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 Value Tilt ETF, SPDR S&P 1500 Momentum Tilt ETF, SPDR Russell 1000 Low Volatility ETF, SPDR Russell 2000 Low Volatility ETF and SPDR Wells Fargo Preferred Stock ETF. Each Fund operates as a non-diversified investment company. The other thirty (30) Funds are included in a separate 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 value supplied by an exchange or other market) or a valuation obtained from an independent pricing service.
365
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
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. 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 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, 2013:
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
SPDR Series Trust | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR Russell 3000 ETF | $ | 582,895,292 | $ | — | * | $ | — | $ | 582,895,292 | |||||||
SPDR Russell 1000 ETF | 47,507,456 | — | — | 47,507,456 | ||||||||||||
SPDR Russell 2000 ETF | 79,090,027 | — | * | — | 79,090,027 | |||||||||||
SPDR S&P 500 Growth ETF | 330,039,712 | — | — | 330,039,712 | ||||||||||||
SPDR S&P 500 Value ETF | 181,024,625 | — | — | 181,024,625 |
366
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
SPDR Series Trust | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR Russell Small Cap Completeness ETF | $ | 91,975,775 | $ | 1,075 | $ | — | $ | 91,976,850 | ||||||||
SPDR S&P 400 Mid Cap Growth ETF | 152,861,624 | — | — | 152,861,624 | ||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 87,430,765 | — | — | 87,430,765 | ||||||||||||
SPDR S&P 600 Small Cap ETF | 461,038,939 | — | — | 461,038,939 | ||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 380,263,042 | — | — | 380,263,042 | ||||||||||||
SPDR S&P 600 Small Cap Value ETF | 274,078,232 | — | — | 274,078,232 | ||||||||||||
SPDR Global Dow ETF | 105,283,437 | — | — | 105,283,437 | ||||||||||||
SPDR Dow Jones REIT ETF | 2,143,263,475 | — | — | 2,143,263,475 | ||||||||||||
SPDR S&P Bank ETF | 2,708,309,909 | — | — | 2,708,309,909 | ||||||||||||
SPDR S&P Capital Markets ETF | 135,855,963 | — | �� | 135,855,963 | ||||||||||||
SPDR S&P Insurance ETF | 489,391,342 | — | — | 489,391,342 | ||||||||||||
SPDR S&P Mortgage Finance ETF | 10,205,378 | — | — | 10,205,378 | ||||||||||||
SPDR S&P Regional Banking ETF | 3,026,583,398 | — | — | 3,026,583,398 | ||||||||||||
SPDR Morgan Stanley Technology ETF | 226,162,361 | — | — | 226,162,361 | ||||||||||||
SPDR S&P Dividend ETF | 12,996,088,794 | — | — | 12,996,088,794 | ||||||||||||
SPDR S&P Aerospace & Defense ETF | 40,188,099 | — | — | 40,188,099 | ||||||||||||
SPDR S&P Biotech ETF | 1,250,891,819 | — | — | 1,250,891,819 | ||||||||||||
SPDR S&P Health Care Equipment ETF | 33,249,642 | — | — | 33,249,642 | ||||||||||||
SPDR S&P Health Care Services ETF | 81,485,639 | — | — | 81,485,639 | ||||||||||||
SPDR S&P Homebuilders ETF | 2,119,663,510 | — | — | 2,119,663,510 | ||||||||||||
SPDR S&P Metals & Mining ETF | 690,084,627 | — | — | 690,084,627 | ||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 336,410,763 | — | — | 336,410,763 | ||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 1,003,523,797 | — | * | — | 1,003,523,797 | |||||||||||
SPDR S&P Pharmaceuticals ETF | 764,424,762 | — | — | 764,424,762 | ||||||||||||
SPDR S&P Retail ETF | 1,263,043,118 | — | — | 1,263,043,118 | ||||||||||||
SPDR S&P Semiconductor ETF | 105,217,494 | — | — | 105,217,494 | ||||||||||||
SPDR S&P Software & Services ETF | 40,576,753 | — | — | 40,576,753 | ||||||||||||
SPDR S&P Telecom ETF | 17,698,283 | — | — | 17,698,283 | ||||||||||||
SPDR S&P Transportation ETF | 91,650,606 | — | — | 91,650,606 | ||||||||||||
SPDR S&P 1500 Value Tilt ETF | 9,621,043 | — | — | 9,621,043 | ||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | 13,974,290 | — | — | 13,974,290 | ||||||||||||
SPDR Russell 1000 Low Volatility ETF | 13,134,432 | — | — | 13,134,432 | ||||||||||||
SPDR Russell 2000 Low Volatility ETF | 9,073,763 | — | — | 9,073,763 | ||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 252,317,420 | — | — | 252,317,420 |
* | Fund held Level 2 securities that were valued at $0 at December 31, 2013. |
There were no transfers between levels for the period ended December 31, 2013.
367
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
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 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.
368
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
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, 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, 2013 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 recognize 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, 2013, 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 Russell 3000 ETF | $ | 4,854,693 | ||
SPDR Russell 1000 ETF | — | |||
SPDR Russell 2000 ETF | — | |||
SPDR S&P 500 Growth ETF | 3,055,088 | |||
SPDR S&P 500 Value ETF | 6,571,634 | |||
SPDR Russell Small Cap Completeness ETF | 5,137,667 | |||
SPDR S&P 400 Mid Cap Growth ETF | 13,222,179 | |||
SPDR S&P 400 Mid Cap Value ETF | 1,714,336 | |||
SPDR S&P 600 Small Cap ETF | 11,875,262 | |||
SPDR S&P 600 Small Cap Growth ETF | 3,022,691 | |||
SPDR S&P 600 Small Cap Value ETF | 3,362,103 | |||
SPDR Global Dow ETF | — | |||
SPDR Dow Jones REIT ETF | 32,258,066 | |||
SPDR S&P Bank ETF | 113,259,187 | |||
SPDR S&P Capital Markets ETF | 1,401,282 | |||
SPDR S&P Insurance ETF | 21,101,001 | |||
SPDR S&P Mortgage Finance ETF | — | |||
SPDR S&P Regional Banking ETF | 234,009,416 | |||
SPDR Morgan Stanley Technology ETF | 3,465,627 | |||
SPDR S&P Dividend ETF | 318,186,216 | |||
SPDR S&P Aerospace & Defense ETF | — | |||
SPDR S&P Biotech ETF | 181,313,641 |
369
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Net Gain (Loss) | ||||
Reclassified to | ||||
Paid in Capital | ||||
SPDR S&P Health Care Equipment ETF | $ | — | ||
SPDR S&P Health Care Services ETF | — | |||
SPDR S&P Homebuilders ETF | 247,651,927 | |||
SPDR S&P Metals & Mining ETF | 25,966,118 | |||
SPDR S&P Oil & Gas Equipment & Services ETF | 2,719,564 | |||
SPDR S&P Oil & Gas Exploration & Production ETF | 117,413,652 | |||
SPDR S&P Pharmaceuticals ETF | 30,887,659 | |||
SPDR S&P Retail ETF | 167,380,532 | |||
SPDR S&P Semiconductor ETF | 10,564,394 | |||
SPDR S&P Software & Services ETF | 1,451,904 | |||
SPDR S&P Telecom ETF | 537,587 | |||
SPDR S&P Transportation ETF | 3,380,096 | |||
SPDR S&P 1500 Value Tilt ETF | — | |||
SPDR S&P 1500 Momentum Tilt ETF | — | |||
SPDR Russell 1000 Low Volatility ETF | — | |||
SPDR Russell 2000 Low Volatility ETF | 799,958 | |||
SPDR Wells Fargo Preferred Stock ETF | (5,189,005 | ) |
At December 31, 2013, the Funds had capital loss carryforwards which may be utilized to offset any net realized capital gains expiring June 30:
Non-Expiring — | Non-Expiring — | |||||||||||||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | Short Term | Long Term | ||||||||||||||||||||||||||||
SPDR Russell 3000 ETF | $ | 4,137,267 | $ | — | $ | — | $ | 1,378,715 | $ | 4,870,723 | $ | 1,146,926 | $ | — | $ | — | $ | — | ||||||||||||||||||
SPDR Russell 1000 ETF | — | — | — | 131,432 | 526,163 | 227,965 | — | — | 294,458 | |||||||||||||||||||||||||||
SPDR S&P 500 Growth ETF | 3,652,975 | — | — | 6,452,641 | 26,035,843 | 4,526,393 | — | — | 6,003,901 | |||||||||||||||||||||||||||
SPDR S&P 500 Value ETF | — | — | — | — | 13,264,635 | — | — | — | — | |||||||||||||||||||||||||||
SPDR Russell Small Cap Completeness ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | — | — | — | 1,189,015 | 3,258,647 | — | — | — | 956,837 | |||||||||||||||||||||||||||
SPDR S&P 400 Mid Cap Value ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P 600 Small Cap ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P 600 Small Cap Growth ETF | — | — | — | 2,152,440 | 4,620,622 | 597,565 | — | — | 12,857,077 | |||||||||||||||||||||||||||
SPDR S&P 600 Small Cap Value ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Global Dow ETF | — | 282,717 | — | 12,535,918 | 9,895,403 | 1,919,341 | — | — | 8,723,646 | |||||||||||||||||||||||||||
SPDR Dow Jones REIT ETF | — | — | — | 1,122,565 | 192,486,170 | 41,263,965 | — | — | 89,723,031 | |||||||||||||||||||||||||||
SPDR S&P Bank ETF | — | — | 435,385 | 118,852,502 | 300,189,040 | 58,102,723 | — | 156,651,708 | 194,199,115 | |||||||||||||||||||||||||||
SPDR S&P Capital Markets ETF | — | — | 9,042,847 | 23,772,407 | 28,551,883 | 3,599,019 | — | 2,360,022 | 20,492,263 | |||||||||||||||||||||||||||
SPDR S&P Insurance ETF | — | — | 514,950 | 1,401,569 | 15,750,318 | 2,228,942 | — | 9,226,697 | 15,634,815 | |||||||||||||||||||||||||||
SPDR S&P Mortgage Finance ETF | — | — | — | — | — | 4,121 | — | 527,740 | 249,372 | |||||||||||||||||||||||||||
SPDR S&P Regional Banking ETF | — | — | — | 24,075,194 | 150,464,974 | 69,415,296 | — | 15,942,845 | 133,257,439 | |||||||||||||||||||||||||||
SPDR Morgan Stanley Technology ETF | 3,784,746 | 2,360,832 | 745,443 | 2,659,957 | 20,984,667 | — | — | — | 3,732,916 | |||||||||||||||||||||||||||
SPDR S&P Dividend ETF | — | — | — | — | — | — | — | — | — |
370
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Non-Expiring — | Non-Expiring — | |||||||||||||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | Short Term | Long Term | ||||||||||||||||||||||||||||
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 | — | 40,474,058 | 65,284,410 | |||||||||||||||||||||||||||
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 | — | 82,031,559 | 53,940,374 | |||||||||||||||||||||||||||
SPDR S&P Metals & Mining ETF | — | 104,652 | — | 49,841,508 | 215,129,022 | 37,272,818 | — | 145,972,858 | 211,956,930 | |||||||||||||||||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | — | — | — | 1,830,538 | 54,465,863 | 10,490,714 | — | 16,428,013 | 15,470,758 | |||||||||||||||||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | — | — | — | 11,779,459 | 112,377,725 | 24,606,261 | — | 106,918,018 | 69,290,395 | |||||||||||||||||||||||||||
SPDR S&P Pharmaceuticals ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P Retail ETF | — | — | 1,022,978 | 250,690 | 32,271,270 | 5,453,137 | — | 53,354,784 | 15,839,672 | |||||||||||||||||||||||||||
SPDR S&P Semiconductor ETF | — | 1,832,423 | — | 12,113,199 | 5,691,659 | 1,965,596 | — | 13,397,381 | 5,714,811 | |||||||||||||||||||||||||||
SPDR S&P Software & Services ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P Telecom ETF | — | — | — | — | — | — | — | 872,390 | 566,204 | |||||||||||||||||||||||||||
SPDR S&P Transportation ETF | — | — | — | — | — | — | — | 473,792 | 176,227 | |||||||||||||||||||||||||||
SPDR S&P 1500 Value Tilt ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | — | — | — | — | — | — | — | 119,655 | — | |||||||||||||||||||||||||||
SPDR Russell 1000 Low Volatility ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Russell 2000 Low Volatility ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Wells Fargo Preferred Stock ETF | — | — | — | — | 18,976 | 173,528 | — | 5,554,652 | 1,960,578 |
During the tax year ended June 30, 2013, the Funds utilized/expired capital loss carryforwards in the following amounts:
Amount Utilized | Amount Expired | |||||||
SPDR Russell 3000 ETF | $ | 859,390 | $ | — | ||||
SPDR Russell 1000 ETF | — | — | ||||||
SPDR S&P 500 Growth ETF | 3,357,674 | 309,686 | ||||||
SPDR S&P 500 Value ETF | 99,084 | — | ||||||
SPDR Russell Small Cap Completeness ETF | — | — | ||||||
SPDR S&P 400 Mid Cap Growth ETF | 969,502 | — | ||||||
SPDR S&P 400 Mid Cap Value ETF | 1,571,332 | — | ||||||
SPDR S&P 600 Small Cap ETF | 510,725 | — | ||||||
SPDR S&P 600 Small Cap Growth ETF | 1,052,241 | — | ||||||
SPDR S&P 600 Small Cap Value ETF | 5,796,445 | — | ||||||
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 | — | — | ||||||
SPDR S&P Mortgage Finance ETF | 286,322 | — | ||||||
SPDR S&P Regional Banking ETF | — | — | ||||||
SPDR Morgan Stanley Technology ETF | 7,681,440 | 8,746,932 |
371
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Amount Utilized | Amount Expired | |||||||
SPDR S&P Dividend ETF | $ | 32,190,157 | $ | — | ||||
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 S&P Transportation ETF | 129,605 | — | ||||||
SPDR S&P 1500 Value Tilt ETF | — | — | ||||||
SPDR S&P 1500 Momentum Tilt ETF | — | — | ||||||
SPDR Russell 1000 Low Volatility ETF | — | — | ||||||
SPDR Russell 2000 Low Volatility ETF | — | — | ||||||
SPDR Wells Fargo Preferred Stock ETF | — | — |
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 Russell 3000 ETF | $ | — | $ | — | ||||
SPDR Russell 1000 ETF | — | — | ||||||
SPDR S&P 500 Growth ETF | — | — | ||||||
SPDR S&P 500 Value ETF | — | — | ||||||
SPDR Russell Small Cap Completeness 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 | — | — | ||||||
SPDR S&P Insurance ETF | — | — | ||||||
SPDR S&P Mortgage Finance ETF | — | — |
372
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Post October | Late Year | |||||||
Capital Loss Deferral | Ordinary Loss Deferral | |||||||
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 | — | — | ||||||
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 Value Tilt ETF | — | — | ||||||
SPDR S&P 1500 Momentum Tilt ETF | — | — | ||||||
SPDR Russell 1000 Low Volatility ETF | — | — | ||||||
SPDR Russell 2000 Low Volatility 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 Russell 3000 ETF | 0.10 | *% | ||
SPDR Russell 1000 ETF | 0.10 | * | ||
SPDR Russell 2000 ETF | 0.12 | |||
SPDR S&P 500 Growth ETF | 0.20 | |||
SPDR S&P 500 Value ETF | 0.20 | |||
SPDR Russell Small Cap Completeness ETF | 0.10 | ** |
373
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Annual Rate | ||||
SPDR S&P 400 Mid Cap Growth ETF | 0.25 | % | ||
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 Value Tilt ETF | 0.35 | |||
SPDR S&P 1500 Momentum Tilt ETF | 0.35 | |||
SPDR Russell 1000 Low Volatility ETF | 0.20 | |||
SPDR Russell 2000 Low Volatility ETF | 0.25 | |||
SPDR Wells Fargo Preferred Stock ETF | 0.45 |
* | As of July 9, 2013, the advisory fee rate for the SPDR Russell 3000 ETF and SPDR Russell 1000 ETF was decreased from 0.20% to 0.10%. | |
** | As of July 9, 2013, the advisory fee rate for the SPDR Russell Small Cap Completeness ETF was decreased from 0.25% to 0.10%. |
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.
374
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
State Street also acts as the securities lending agent for the Funds, pursuant to an amended and restated securities lending authorization agreement dated November 28, 2007. Proceeds collected by State Street on investment of cash collateral or any fee income is allocated as follows (after deduction of such other amounts payable to State Street under the terms of the securities lending agreement): 85% payable to the Fund, and 15% payable to State Street. 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 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 period ended December 31, 2013, State Street earned securities lending agent fees from the following Funds:
Securities Lending | ||||
Agent Fees | ||||
SPDR Russell 3000 ETF | $ | 7,347 | ||
SPDR Russell 1000 ETF | 662 | |||
SPDR Russell 2000 ETF | 1,751 | |||
SPDR S&P 500 Growth ETF | 725 | |||
SPDR S&P 500 Value ETF | 973 | |||
SPDR Russell Small Cap Completeness ETF | 5,265 | |||
SPDR S&P 400 Mid Cap Growth ETF | 3,863 | |||
SPDR S&P 400 Mid Cap Value ETF | 2,636 | |||
SPDR S&P 600 Small Cap ETF | 18,237 | |||
SPDR S&P 600 Small Cap Growth ETF | 20,012 | |||
SPDR S&P 600 Small Cap Value ETF | 5,384 | |||
SPDR Global Dow ETF | 1,089 | |||
SPDR Dow Jones REIT ETF | 15,426 | |||
SPDR S&P Bank ETF | 29,080 | |||
SPDR S&P Capital Markets ETF | 3,179 | |||
SPDR S&P Insurance ETF | 1,117 | |||
SPDR S&P Mortgage Finance ETF | 590 | |||
SPDR S&P Regional Banking ETF | 32,535 | |||
SPDR Morgan Stanley Technology ETF | 3,499 | |||
SPDR S&P Dividend ETF | 96,312 | |||
SPDR S&P Aerospace & Defense ETF | 825 | |||
SPDR S&P Biotech ETF | 506,140 | |||
SPDR S&P Health Care Equipment ETF | 403 | |||
SPDR S&P Health Care Services ETF | 2,999 | |||
SPDR S&P Homebuilders ETF | 26,413 | |||
SPDR S&P Metals & Mining ETF | 200,686 | |||
SPDR S&P Oil & Gas Equipment & Services ETF | 45,078 | |||
SPDR S&P Oil & Gas Exploration & Production ETF | 108,551 | |||
SPDR S&P Pharmaceuticals ETF | 82,681 | |||
SPDR S&P Retail ETF | 51,843 | |||
SPDR S&P Semiconductor ETF | 5,985 | |||
SPDR S&P Software & Services ETF | 2,668 |
375
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Securities Lending | ||||
Agent Fees | ||||
SPDR S&P Telecom ETF | $ | 234 | ||
SPDR S&P Transportation ETF | 2,065 | |||
SPDR S&P 1500 Value Tilt ETF | 188 | |||
SPDR S&P 1500 Momentum Tilt ETF | 267 | |||
SPDR Russell 1000 Low Volatility ETF | 328 | |||
SPDR Russell 2000 Low Volatility ETF | 325 | |||
SPDR Wells Fargo Preferred Stock ETF | 53,913 |
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 Russell 3000 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 determined that no such payments will be made through at least October 31, 2014 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 $170,000 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. Trustees’ 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, 2013 and for the period then ended are:
Number of | Number of | |||||||||||||||||||||||||||||||||||||||
Shares Held | Value at | Purchased | Sold | Shares Held | Value at | Dividend | Realized | |||||||||||||||||||||||||||||||||
at 6/30/13 | 6/30/13 | Cost | Shares | Proceeds | Shares | at 12/31/13 | 12/31/13 | Income | Gain/(Loss) | |||||||||||||||||||||||||||||||
SPDR Russell 3000 ETF | 14,278 | $ | 931,068 | $ | 20,587 | 300 | $ | 129,260 | 1,908 | 12,670 | $ | 929,851 | $ | 6,588 | $ | 9,954 | ||||||||||||||||||||||||
SPDR Russell 1000 ETF | 1,044 | 68,079 | — | — | — | — | 1,044 | 76,619 | 543 | — | ||||||||||||||||||||||||||||||
SPDR S&P 500 Growth ETF | — | — | 639,467 | 8,936 | — | — | 8,936 | 655,813 | 2,323 | — | ||||||||||||||||||||||||||||||
SPDR S&P 500 Value ETF | 10,182 | 663,968 | 91,145 | 1,306 | 494,635 | 7,008 | 4,480 | 328,787 | 3,620 | 120,470 | ||||||||||||||||||||||||||||||
SPDR S&P Capital Markets ETF | 29,978 | 1,954,865 | 1,351,816 | 19,025 | 243,618 | 3,547 | 45,456 | 3,336,016 | 19,655 | 43,245 | ||||||||||||||||||||||||||||||
SPDR S&P 1500 Value Tilt ETF | 142 | 9,260 | — | — | — | — | 142 | 10,421 | 74 | — | ||||||||||||||||||||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | 452 | 29,475 | 5,127 | 74 | 2,233 | 32 | 494 | 36,255 | 265 | 16 |
376
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Number of | Number of | |||||||||||||||||||||||||||||||||||||||
Shares Held | Value at | Purchased | Sold | Shares Held | Value at | Dividend | Realized | |||||||||||||||||||||||||||||||||
at 6/30/13 | 6/30/13 | Cost | Shares | Proceeds | Shares | at 12/31/13 | 12/31/13 | Income | Gain/(Loss) | |||||||||||||||||||||||||||||||
SPDR Russell 1000 Low Volatility ETF | 1,987 | $ | 129,572 | $ | — | — | $ | 2,361 | 33 | 1,954 | $ | 143,404 | $ | 1,025 | $ | 256 | ||||||||||||||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 106,748 | 2,668,700 | 141,958 | 6,743 | 881,654 | 40,442 | 73,049 | 1,512,114 | 51,936 | (116,210 | ) |
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, 2013 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 6/30/13 | 6/30/13 | Cost | Shares | Proceeds | Shares | at 12/31/13 | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||||||||
Diebold, Inc. | 4,534,046 | $ | 152,752,010 | $ | 32,057,758 | 1,066,174 | $ | 27,382,334 | 829,262 | 4,770,958 | $ | 157,489,324 | $ | 2,648,031 | $ | 2,602,129 | ||||||||||||||||||||||||
National Retail Properties, Inc. | 5,378,783 | 185,030,135 | 149,474,819 | 4,181,410 | 29,319,351 | 902,844 | 8,657,349 | 262,577,395 | 6,997,502 | 655,597 |
Number of | Number of | |||||||||||||||||||||||||||||||||||||||
Shares Held | Value at | Purchased | Sold | Shares Held | Value at | Dividend | Realized | |||||||||||||||||||||||||||||||||
SPDR S&P Homebuilders ETF | at 6/30/13 | 6/30/13 | Cost | Shares | Proceeds | Shares | at 12/31/13 | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||||||||
Select Comfort Corp. | 3,373,623 | $ | 84,542,992 | $ | 48,401,728 | 2,138,341 | $ | 60,676,524 | 2,599,532 | 2,912,432 | $ | 61,423,191 | $ | — | $ | 5,442,426 | ||||||||||||||||||||||||
Taylor Morrison Home Corp. (Class A) | — | — | 80,193,883 | 3,510,410 | 32,188,260 | 1,481,692 | 2,028,718 | 45,544,719 | — | (1,409,021 | ) |
Number of | Number of | |||||||||||||||||||||||||||||||||||||||
Shares Held | Value at | Purchased | Sold | Shares Held | Value at | Dividend | Realized | |||||||||||||||||||||||||||||||||
SPDR S&P Metals & Mining ETF | at 6/30/13 | 6/30/13 | Cost | Shares | Proceeds | Shares | at 12/31/13 | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||||||||
Allied Nevada Gold Corp. | 2,674,876 | $ | 17,333,197 | $ | 30,001,250 | 7,384,227 | $ | 20,368,803 | 4,735,315 | 5,323,788 | $ | 18,899,447 | $ | — | $ | (976,197 | ) |
Number of | Number of | |||||||||||||||||||||||||||||||||||||||
Shares Held | Value at | Purchased | Sold | Shares Held | Value at | Dividend | Realized | |||||||||||||||||||||||||||||||||
SPDR S&P Pharmaceuticals ETF | at 6/30/13 | 6/30/13 | Cost | Shares | Proceeds | Shares | at 12/31/13 | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||||||||
Repros Therapeutics, Inc. | — | $ | — | $ | 29,860,853 | 1,395,432 | $ | 1,078,999 | 60,269 | 1,335,163 | $ | 24,433,483 | $ | — | $ | (290,651 | ) |
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, 2013 and for the period then ended are:
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Liquid Reserves Fund | 6/30/13 | Cost | Shares | Proceeds | Shares | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Russell 3000 ETF | $ | 2,603,070 | $ | 9,384,615 | 9,384,615 | $ | 11,209,991 | 11,209,991 | $ | 777,694 | $ | 726 | $ | — | ||||||||||||||||||
SPDR Russell 1000 ETF | 222,100 | 906,892 | 906,892 | 1,074,547 | 1,074,547 | 54,445 | 34 | — | ||||||||||||||||||||||||
SPDR Russell 2000 ETF | — | 658,909 | 658,909 | 518,893 | 518,893 | 140,016 | 25 | — | ||||||||||||||||||||||||
SPDR S&P 500 Growth ETF | 1,131,433 | 5,024,897 | 5,024,897 | 5,735,999 | 5,735,999 | 420,331 | 231 | — | ||||||||||||||||||||||||
SPDR S&P 500 Value ETF | 1,088,103 | 2,896,108 | 2,896,108 | 3,547,916 | 3,547,916 | 436,295 | 170 | — | ||||||||||||||||||||||||
SPDR Russell Small Cap Completeness ETF | 467,842 | 10,506,958 | 10,506,958 | 10,688,617 | 10,688,617 | 286,183 | 149 | — |
377
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Liquid Reserves Fund | 6/30/13 | Cost | Shares | Proceeds | Shares | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | $ | 378,499 | $ | 2,102,075 | 2,102,075 | $ | 2,307,091 | 2,307,091 | $ | 173,483 | $ | 29 | $ | — | ||||||||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 249,409 | 3,171,833 | 3,171,833 | 3,103,744 | 3,103,744 | 317,498 | 59 | — | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap ETF | 195,295 | 22,793,050 | 22,793,050 | 22,409,887 | 22,409,887 | 578,458 | 332 | — | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 100 | 11,153,890 | 11,153,890 | 10,047,608 | 10,047,608 | 1,106,382 | 185 | — | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap Value ETF | 453,159 | 9,885,587 | 9,885,587 | 10,142,169 | 10,142,169 | 196,577 | 155 | — | ||||||||||||||||||||||||
SPDR Global Dow ETF | 964,151 | 1,298,363 | 1,298,363 | 2,239,198 | 2,239,198 | 23,316 | 28 | — | ||||||||||||||||||||||||
SPDR Dow Jones REIT ETF | 22,835,328 | 64,893,286 | 64,893,286 | 84,056,669 | 84,056,669 | 3,671,945 | 1,661 | — | ||||||||||||||||||||||||
SPDR S&P Bank ETF | 11,665,399 | 27,856,300 | 27,856,300 | 37,628,804 | 37,628,804 | 1,892,895 | 2,004 | — | ||||||||||||||||||||||||
SPDR S&P Capital Markets ETF | 644,496 | 1,733,019 | 1,733,019 | 2,231,896 | 2,231,896 | 145,619 | 88 | — | ||||||||||||||||||||||||
SPDR S&P Insurance ETF | 1,844,686 | 4,871,986 | 4,871,986 | 6,547,203 | 6,547,203 | 169,469 | 211 | — | ||||||||||||||||||||||||
SPDR S&P Mortgage Finance ETF | 45,983 | 96,059 | 96,059 | 128,054 | 128,054 | 13,988 | 9 | — | ||||||||||||||||||||||||
SPDR S&P Regional Banking ETF | 7,515,236 | 31,621,469 | 31,621,469 | 38,628,893 | 38,628,893 | 507,812 | 1,633 | — | ||||||||||||||||||||||||
SPDR Morgan Stanley Technology ETF | 949,107 | 8,039,629 | 8,039,629 | 8,909,190 | 8,909,190 | 79,546 | 206 | — | ||||||||||||||||||||||||
SPDR S&P Dividend ETF | 79,244,748 | 431,300,806 | 431,300,806 | 497,255,692 | 497,255,692 | 13,289,862 | 13,525 | — | ||||||||||||||||||||||||
SPDR S&P Aerospace & Defense ETF | 80,353 | 688,031 | 688,031 | 680,857 | 680,857 | 87,527 | 19 | — | ||||||||||||||||||||||||
SPDR S&P Biotech ETF | 1,956,990 | 12,874,450 | 12,874,450 | 14,285,799 | 14,285,799 | 545,641 | 468 | — | ||||||||||||||||||||||||
SPDR S&P Health Care Equipment ETF | 39,799 | 89,619 | 89,619 | 122,039 | 122,039 | 7,379 | 13 | — | ||||||||||||||||||||||||
SPDR S&P Health Care Services ETF | 83,101 | 348,301 | 348,301 | 329,671 | 329,671 | 101,731 | 31 | — | ||||||||||||||||||||||||
SPDR S&P Homebuilders ETF | 3,062,682 | 12,196,165 | 12,196,165 | 12,918,046 | 12,918,046 | 2,340,801 | 836 | — | ||||||||||||||||||||||||
SPDR S&P Metals & Mining ETF | 3,512,903 | 17,252,916 | 17,252,916 | 20,269,009 | 20,269,009 | 496,810 | 372 | — | ||||||||||||||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 1,483,008 | 7,493,480 | 7,493,480 | 8,376,103 | 8,376,103 | 600,385 | 402 | — | ||||||||||||||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 3,562,930 | 7,175,375 | 7,175,375 | 10,044,882 | 10,044,882 | 693,423 | 786 | — | ||||||||||||||||||||||||
SPDR S&P Pharmaceuticals ETF | 1,735,908 | 14,065,884 | 14,065,884 | 15,773,400 | 15,773,400 | 28,392 | 293 | — | ||||||||||||||||||||||||
SPDR S&P Retail ETF | 3,412,951 | 17,052,402 | 17,052,402 | 18,686,678 | 18,686,678 | 1,778,675 | 719 | — | ||||||||||||||||||||||||
SPDR S&P Semiconductor ETF | 140,826 | 366,149 | 366,149 | 484,172 | 484,172 | 22,803 | 29 | — | ||||||||||||||||||||||||
SPDR S&P Software & Services ETF | 100 | 815,670 | 815,670 | 812,847 | 812,847 | 2,923 | 14 | — | ||||||||||||||||||||||||
SPDR S&P Telecom ETF | 27,803 | 145,053 | 145,053 | 152,838 | 152,838 | 20,018 | 7 | — | ||||||||||||||||||||||||
SPDR S&P Transportation ETF | 103,307 | 210,187 | 210,187 | 271,866 | 271,866 | 41,628 | 27 | — | ||||||||||||||||||||||||
SPDR S&P 1500 Value Tilt ETF | 52,386 | 286,214 | 286,214 | 318,606 | 318,606 | 19,994 | 13 | — | ||||||||||||||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | 86,125 | 221,509 | 221,509 | 289,751 | 289,751 | 17,883 | 17 | — | ||||||||||||||||||||||||
SPDR Russell 1000 Low Volatility ETF | 78,016 | 307,512 | 307,512 | 350,465 | 350,465 | 35,063 | 15 | — | ||||||||||||||||||||||||
SPDR Russell 2000 Low Volatility ETF | 78,900 | 414,132 | 414,132 | 471,860 | 471,860 | 21,172 | 10 | — | ||||||||||||||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 7,588,968 | 23,412,879 | 23,412,879 | 30,300,180 | 30,300,180 | 701,667 | 551 | — |
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Prime Portfolio | 6/30/13 | Cost | Shares | Proceeds | Shares | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Russell 3000 ETF | $ | 10,580,644 | $ | 37,553,313 | 37,553,313 | $ | 28,894,758 | 28,894,758 | $ | 19,239,199 | $ | 41,617 | $ | — | ||||||||||||||||||
SPDR Russell 1000 ETF | 5,175,025 | 21,461,495 | 21,461,495 | 22,583,185 | 22,583,185 | 4,053,335 | 4,017 | — | ||||||||||||||||||||||||
SPDR Russell 2000 ETF | — | 25,248,696 | 25,248,696 | 8,187,843 | 8,187,843 | 17,060,853 | 10,339 | — | ||||||||||||||||||||||||
SPDR S&P 500 Growth ETF | 2,324,928 | 44,990,260 | 44,990,260 | 41,668,121 | 41,668,121 | 5,647,067 | 4,134 | — | ||||||||||||||||||||||||
SPDR S&P 500 Value ETF | 2,696,198 | 38,917,288 | 38,917,288 | 36,521,143 | 36,521,143 | 5,092,343 | 5,486 | — | ||||||||||||||||||||||||
SPDR Russell Small Cap Completeness ETF | 6,728,512 | 21,477,061 | 21,477,061 | 18,478,134 | 18,478,134 | 9,727,439 | 30,015 | — | ||||||||||||||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | 6,435,632 | 35,188,051 | 35,188,051 | 33,957,857 | 33,957,857 | 7,665,826 | 21,813 | — | ||||||||||||||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 10,197,417 | 40,908,750 | 40,908,750 | 38,729,106 | 38,729,106 | 12,377,061 | 14,939 | — |
378
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Prime Portfolio | 6/30/13 | Cost | Shares | Proceeds | Shares | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap ETF | $ | 26,574,255 | $ | 65,535,661 | 65,535,661 | $ | 51,331,481 | 51,331,481 | $ | 40,778,435 | $ | 103,397 | $ | — | ||||||||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 22,313,086 | 68,575,666 | 68,575,666 | 58,840,295 | 58,840,295 | 32,048,457 | 113,357 | — | ||||||||||||||||||||||||
SPDR S&P 600 Small Cap Value ETF | 11,166,182 | 51,104,206 | 51,104,206 | 37,941,000 | 37,941,000 | 24,329,388 | 30,533 | — | ||||||||||||||||||||||||
SPDR Global Dow ETF | 1,706,450 | 7,996,221 | 7,996,221 | 7,912,886 | 7,912,886 | 1,789,785 | 6,172 | — | ||||||||||||||||||||||||
SPDR Dow Jones REIT ETF | 67,698,998 | 318,101,236 | 318,101,236 | 324,623,824 | 324,623,824 | 61,176,410 | 87,404 | — | ||||||||||||||||||||||||
SPDR S&P Bank ETF | 165,284,289 | 458,044,682 | 458,044,682 | 426,177,153 | 426,177,153 | 197,151,818 | 164,767 | — | ||||||||||||||||||||||||
SPDR S&P Capital Markets ETF | 7,314,888 | 40,335,681 | 40,335,681 | 34,434,927 | 34,434,927 | 13,215,642 | 18,003 | — | ||||||||||||||||||||||||
SPDR S&P Insurance ETF | 2,071,512 | 83,277,417 | 83,277,417 | 72,056,136 | 72,056,136 | 13,292,793 | 6,328 | — | ||||||||||||||||||||||||
SPDR S&P Mortgage Finance ETF | 2,077,981 | 8,411,854 | 8,411,854 | 8,648,709 | 8,648,709 | 1,841,126 | 3,333 | — | ||||||||||||||||||||||||
SPDR S&P Regional Banking ETF | 59,847,721 | 322,544,988 | 322,544,988 | 253,593,989 | 253,593,989 | 128,798,720 | 184,344 | — | ||||||||||||||||||||||||
SPDR Morgan Stanley Technology ETF | 13,214,988 | 86,453,068 | 86,453,068 | 89,115,502 | 89,115,502 | 10,552,554 | 19,826 | — | ||||||||||||||||||||||||
SPDR S&P Dividend ETF | 550,703,001 | 2,017,281,707 | 2,017,281,707 | 2,104,580,735 | 2,104,580,735 | 463,403,973 | 544,857 | — | ||||||||||||||||||||||||
SPDR S&P Aerospace & Defense ETF | 3,812,981 | 41,183,439 | 41,183,439 | 39,472,415 | 39,472,415 | 5,524,005 | 4,670 | — | ||||||||||||||||||||||||
SPDR S&P Biotech ETF | 174,154,898 | 422,756,048 | 422,756,048 | 350,063,703 | 350,063,703 | 246,847,243 | 2,868,040 | — | ||||||||||||||||||||||||
SPDR S&P Health Care Equipment ETF | — | 14,572,712 | 14,572,712 | 8,051,402 | 8,051,402 | 6,521,310 | 2,281 | — | ||||||||||||||||||||||||
SPDR S&P Health Care Services ETF | 9,543,935 | 56,035,102 | 56,035,102 | 47,483,729 | 47,483,729 | 18,095,308 | 16,976 | — | ||||||||||||||||||||||||
SPDR S&P Homebuilders ETF | 236,317,875 | 401,393,004 | 401,393,004 | 539,030,062 | 539,030,062 | 98,680,817 | 148,825 | — | ||||||||||||||||||||||||
SPDR S&P Metals & Mining ETF | 77,872,834 | 231,754,761 | 231,754,761 | 214,485,188 | 214,485,188 | 95,142,407 | 1,131,983 | — | ||||||||||||||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 18,553,452 | 103,129,607 | 103,129,607 | 97,709,361 | 97,709,361 | 23,973,698 | 255,429 | — | ||||||||||||||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 77,262,595 | 271,494,573 | 271,494,573 | 229,169,988 | 229,169,988 | 119,587,180 | 614,929 | — | ||||||||||||||||||||||||
SPDR S&P Pharmaceuticals ETF | 18,951,416 | 176,378,161 | 176,378,161 | 138,000,891 | 138,000,891 | 57,328,686 | 451,765 | — | ||||||||||||||||||||||||
SPDR S&P Retail ETF | 63,894,259 | 255,511,842 | 255,511,842 | 205,246,424 | 205,246,424 | 114,159,677 | 293,755 | — | ||||||||||||||||||||||||
SPDR S&P Semiconductor ETF | 4,582,893 | 34,317,405 | 34,317,405 | 31,550,010 | 31,550,010 | 7,350,288 | 33,402 | — | ||||||||||||||||||||||||
SPDR S&P Software & Services ETF | 4,024,820 | 16,320,682 | 16,320,682 | 11,438,669 | 11,438,669 | 8,906,833 | 15,143 | — | ||||||||||||||||||||||||
SPDR S&P Telecom ETF | — | 7,361,493 | 7,361,493 | 3,590,398 | 3,590,398 | 3,771,095 | 1,209 | — | ||||||||||||||||||||||||
SPDR S&P Transportation ETF | — | 32,775,291 | 32,775,291 | 14,334,348 | 14,334,348 | 18,440,943 | 11,701 | — | ||||||||||||||||||||||||
SPDR S&P 1500 Value Tilt ETF | 1,805,898 | 9,697,188 | 9,697,188 | 9,811,314 | 9,811,314 | 1,691,772 | 1,492 | — | ||||||||||||||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | 2,440,311 | 11,540,683 | 11,540,683 | 11,824,744 | 11,824,744 | 2,156,250 | 1,995 | — | ||||||||||||||||||||||||
SPDR Russell 1000 Low Volatility ETF | — | 13,810,024 | 13,810,024 | 10,927,538 | 10,927,538 | 2,882,486 | 1,853 | — | ||||||||||||||||||||||||
SPDR Russell 2000 Low Volatility ETF | — | 8,672,653 | 8,672,653 | 6,661,713 | 6,661,713 | 2,010,940 | 1,922 | — | ||||||||||||||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 61,069,139 | 114,019,200 | 114,019,200 | 141,996,523 | 141,996,523 | 33,091,816 | 305,594 | — |
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.
379
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
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, 2013 was as follows:
Gross | Gross | Net Unrealized | ||||||||||||||
Identified | Unrealized | Unrealized | Appreciation | |||||||||||||
Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
SPDR Russell 3000 ETF | $ | 432,562,880 | $ | 157,444,991 | $ | 7,112,579 | $ | 150,332,412 | ||||||||
SPDR Russell 1000 ETF | 35,118,577 | 12,978,115 | 589,236 | 12,388,879 | ||||||||||||
SPDR Russell 2000 ETF | 75,584,218 | 4,346,625 | 840,816 | 3,505,809 | ||||||||||||
SPDR S&P 500 Growth ETF | 231,964,395 | 98,300,925 | 225,608 | 98,075,317 | ||||||||||||
SPDR S&P 500 Value ETF | 158,891,423 | 24,747,794 | 2,614,592 | 22,133,202 | ||||||||||||
SPDR Russell Small Cap Completeness ETF | 73,178,721 | 20,605,769 | 1,807,640 | 18,798,129 | ||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | 136,229,735 | 17,583,051 | 951,162 | 16,631,889 | ||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 80,352,406 | 7,899,474 | 821,115 | 7,078,359 | ||||||||||||
SPDR S&P 600 Small Cap ETF | 364,147,099 | 103,020,588 | 6,128,748 | 96,891,840 | ||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 302,217,975 | 79,768,011 | 1,722,944 | 78,045,067 | ||||||||||||
SPDR S&P 600 Small Cap Value ETF | 242,288,757 | 35,787,793 | 3,998,318 | 31,789,475 | ||||||||||||
SPDR Global Dow ETF | 94,016,160 | 19,716,547 | 8,449,270 | 11,267,277 | ||||||||||||
SPDR Dow Jones REIT ETF | 2,050,145,766 | �� | 165,351,513 | 72,233,804 | 93,117,709 | |||||||||||
SPDR S&P Bank ETF | 2,223,066,644 | 490,194,645 | 4,951,380 | 485,243,265 | ||||||||||||
SPDR S&P Capital Markets ETF | 118,579,455 | 17,818,005 | 541,497 | 17,276,508 | ||||||||||||
SPDR S&P Insurance ETF | 448,288,153 | 42,146,839 | 1,043,650 | 41,103,189 | ||||||||||||
SPDR S&P Mortgage Finance ETF | 7,982,987 | 2,230,161 | 7,770 | 2,222,391 | ||||||||||||
SPDR S&P Regional Banking ETF | 2,739,544,480 | 290,973,673 | 3,934,755 | 287,038,918 | ||||||||||||
SPDR Morgan Stanley Technology ETF | 179,860,836 | 48,889,145 | 2,587,620 | 46,301,525 | ||||||||||||
SPDR S&P Dividend ETF | 10,012,327,072 | 3,035,438,959 | 51,677,237 | 2,983,761,722 | ||||||||||||
SPDR S&P Aerospace & Defense ETF | 30,355,029 | 40,188,099 | 30,355,029 | 9,833,070 | ||||||||||||
SPDR S&P Biotech ETF | 1,203,885,225 | 135,680,438 | 88,673,844 | 47,006,594 | ||||||||||||
SPDR S&P Health Care Equipment ETF | 27,491,625 | 6,109,523 | 351,506 | 5,758,017 | ||||||||||||
SPDR S&P Health Care Services ETF | 71,588,979 | 10,874,278 | 977,618 | 9,896,660 | ||||||||||||
SPDR S&P Homebuilders ETF | 1,975,481,150 | 170,464,983 | 26,282,623 | 144,182,360 | ||||||||||||
SPDR S&P Metals & Mining ETF | 919,422,871 | 19,174,473 | 248,512,717 | (229,338,244 | ) | |||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 315,786,528 | 33,038,669 | 12,414,434 | 20,624,235 | ||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 1,125,477,867 | 10,996,578 | 132,950,648 | (121,954,070 | ) | |||||||||||
SPDR S&P Pharmaceuticals ETF | 640,358,589 | 140,205,148 | 16,138,975 | 124,066,173 | ||||||||||||
SPDR S&P Retail ETF | 1,307,904,373 | 19,604,583 | 64,465,838 | (44,861,255 | ) | |||||||||||
SPDR S&P Semiconductor ETF | 104,416,553 | 4,097,542 | 3,296,601 | 800,941 | ||||||||||||
SPDR S&P Software & Services ETF | 35,211,400 | 5,803,769 | 438,416 | 5,365,353 | ||||||||||||
SPDR S&P Telecom ETF | 16,888,824 | 1,171,666 | 362,207 | 809,459 | ||||||||||||
SPDR S&P Transportation ETF | 80,207,970 | 11,573,338 | 130,702 | 11,442,636 | ||||||||||||
SPDR S&P 1500 Value Tilt ETF | 7,717,021 | 1,957,320 | 53,298 | 1,904,022 | ||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | 11,394,034 | 2,609,666 | 29,410 | 2,580,256 | ||||||||||||
SPDR Russell 1000 Low Volatility ETF | 12,195,261 | 1,037,080 | 97,909 | 939,171 |
380
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Gross | Gross | Net Unrealized | ||||||||||||||
Identified | Unrealized | Unrealized | Appreciation | |||||||||||||
Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
SPDR Russell 2000 Low Volatility ETF | $ | 8,393,359 | $ | 784,207 | $ | 103,803 | $ | 680,404 | ||||||||
SPDR Wells Fargo Preferred Stock ETF | 279,199,410 | 201,575 | 27,083,565 | (26,881,990 | ) |
6. | Investment Transactions |
For the six months ended December 31, 2013, 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 Russell 3000 ETF | $ | — | $ | 12,394,343 | $ | 4,854,693 | ||||||
SPDR Russell 1000 ETF | — | — | — | |||||||||
SPDR Russell 2000 ETF | 58,770,923 | — | — | |||||||||
SPDR S&P 500 Growth ETF | 39,633,521 | 7,793,815 | 3,055,088 | |||||||||
SPDR S&P 500 Value ETF | 26,285,317 | 25,154,657 | 6,571,634 | |||||||||
SPDR Russell Small Cap Completeness ETF | 7,785,063 | 28,195,403 | 5,137,667 | |||||||||
SPDR S&P 400 Mid Cap Growth ETF | 76,952,509 | 42,697,463 | 13,222,179 | |||||||||
SPDR S&P 400 Mid Cap Value ETF | 26,218,407 | 7,128,883 | 1,714,336 | |||||||||
SPDR S&P 600 Small Cap ETF | 72,140,004 | 29,976,776 | 11,875,262 | |||||||||
SPDR S&P 600 Small Cap Growth ETF | 73,769,254 | 8,081,116 | 3,022,691 | |||||||||
SPDR S&P 600 Small Cap Value ETF | 54,397,980 | 10,322,565 | 3,362,103 | |||||||||
SPDR Global Dow ETF | — | — | — | |||||||||
SPDR Dow Jones REIT ETF | 166,260,044 | 118,305,904 | 32,258,066 | |||||||||
SPDR S&P Bank ETF | 348,687,643 | 478,769,060 | 113,259,187 | |||||||||
SPDR S&P Capital Markets ETF | 44,628,035 | 8,605,993 | 1,401,282 | |||||||||
SPDR S&P Insurance ETF | 307,923,229 | 208,916,902 | 21,101,001 | |||||||||
SPDR S&P Mortgage Finance ETF | — | — | — | |||||||||
SPDR S&P Regional Banking ETF | 2,195,452,035 | 1,468,906,378 | 234,009,416 | |||||||||
SPDR Morgan Stanley Technology ETF | 12,461,040 | 11,990,756 | 3,465,627 | |||||||||
SPDR S&P Dividend ETF | 573,241,036 | 1,060,859,075 | 318,186,216 | |||||||||
SPDR S&P Aerospace & Defense ETF | 13,296,228 | — | — | |||||||||
SPDR S&P Biotech ETF | 689,453,348 | 735,042,773 | 181,313,641 | |||||||||
SPDR S&P Health Care Equipment ETF | 3,313,274 | — | — | |||||||||
SPDR S&P Health Care Services ETF | 12,627,669 | — | — | |||||||||
SPDR S&P Homebuilders ETF | 1,207,804,517 | 1,893,179,053 | 247,651,927 | |||||||||
SPDR S&P Metals & Mining ETF | 678,675,867 | 821,693,776 | 25,966,118 | |||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 38,225,538 | 16,729,288 | 2,719,564 | |||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 3,700,807,411 | 3,789,578,439 | 117,413,652 | |||||||||
SPDR S&P Pharmaceuticals ETF | 229,505,023 | 111,936,003 | 30,887,659 | |||||||||
SPDR S&P Retail ETF | 3,661,544,325 | 3,842,423,406 | 167,380,532 | |||||||||
SPDR S&P Semiconductor ETF | 280,789,025 | 244,874,388 | 10,564,394 | |||||||||
SPDR S&P Software & Services ETF | 16,853,838 | 4,384,508 | 1,451,904 | |||||||||
SPDR S&P Telecom ETF | 7,958,971 | 2,614,491 | 537,587 |
381
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Realized | ||||||||||||
Contributions | Redemptions | Gain/(Loss) | ||||||||||
SPDR S&P Transportation ETF | $ | 30,118,019 | $ | 13,634,895 | $ | 3,380,096 | ||||||
SPDR S&P 1500 Value Tilt ETF | — | — | — | |||||||||
SPDR S&P 1500 Momentum Tilt ETF | — | — | — | |||||||||
SPDR Russell 1000 Low Volatility ETF | — | — | — | |||||||||
SPDR Russell 2000 Low Volatility ETF | 3,169,108 | 6,718,126 | 799,958 | |||||||||
SPDR Wells Fargo Preferred Stock ETF | 2,071,617 | 116,604,968 | (5,189,005 | ) |
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, 2013, the Trust had purchases and sales of investment securities as follows:
Purchases | Sales | |||||||
SPDR Russell 3000 ETF | $ | 90,265,584 | $ | 88,330,923 | ||||
SPDR Russell 1000 ETF | 2,471,495 | 2,349,843 | ||||||
SPDR Russell 2000 ETF | 924,602 | 1,032,468 | ||||||
SPDR S&P 500 Growth ETF | 69,732,117 | 70,012,532 | ||||||
SPDR S&P 500 Value ETF | 37,879,132 | 37,431,245 | ||||||
SPDR Russell Small Cap Completeness ETF | 55,779,221 | 62,216,622 | ||||||
SPDR S&P 400 Mid Cap Growth ETF | 46,238,711 | 46,330,280 | ||||||
SPDR S&P 400 Mid Cap Value ETF | 21,962,399 | 20,810,272 | ||||||
SPDR S&P 600 Small Cap ETF | 34,279,817 | 36,427,310 | ||||||
SPDR S&P 600 Small Cap Growth ETF | 129,351,903 | 124,771,992 | ||||||
SPDR S&P 600 Small Cap Value ETF | 81,722,001 | 79,708,088 | ||||||
SPDR Global Dow ETF | 9,017,833 | 8,997,525 | ||||||
SPDR Dow Jones REIT ETF | 56,516,412 | 63,328,096 | ||||||
SPDR S&P Bank ETF | 314,920,217 | 313,338,898 | ||||||
SPDR S&P Capital Markets ETF | 10,628,259 | 10,766,552 | ||||||
SPDR S&P Insurance ETF | 32,770,823 | 32,433,648 | ||||||
SPDR S&P Mortgage Finance ETF | 1,284,245 | 1,281,632 | ||||||
SPDR S&P Regional Banking ETF | 308,716,682 | 309,816,252 | ||||||
SPDR Morgan Stanley Technology ETF | 56,359,739 | 50,230,443 | ||||||
SPDR S&P Dividend ETF | 1,766,478,209 | 1,994,051,432 | ||||||
SPDR S&P Aerospace & Defense ETF | 3,478,014 | 3,800,971 | ||||||
SPDR S&P Biotech ETF | 405,186,183 | 385,767,905 | ||||||
SPDR S&P Health Care Equipment ETF | 5,940,378 | 4,991,917 | ||||||
SPDR S&P Health Care Services ETF | 8,453,879 | 8,661,352 | ||||||
SPDR S&P Homebuilders ETF | 359,933,686 | 360,798,097 | ||||||
SPDR S&P Metals & Mining ETF | 81,048,556 | 80,135,730 | ||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 41,600,166 | 35,055,985 | ||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 199,287,275 | 197,747,459 | ||||||
SPDR S&P Pharmaceuticals ETF | 188,541,826 | 198,488,011 |
382
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Purchases | Sales | |||||||
SPDR S&P Retail ETF | $ | 245,467,208 | $ | 237,399,948 | ||||
SPDR S&P Semiconductor ETF | 12,344,324 | 12,298,510 | ||||||
SPDR S&P Software & Services ETF | 4,887,677 | 5,071,251 | ||||||
SPDR S&P Telecom ETF | 2,805,963 | 2,490,409 | ||||||
SPDR S&P Transportation ETF | 8,810,631 | 8,848,491 | ||||||
SPDR S&P 1500 Value Tilt ETF | 95,716 | 188,179 | ||||||
SPDR S&P 1500 Momentum Tilt ETF | 3,605,186 | 3,564,179 | ||||||
SPDR Russell 1000 Low Volatility ETF | 2,731,889 | 2,856,335 | ||||||
SPDR Russell 2000 Low Volatility ETF | 1,717,660 | 1,462,372 | ||||||
SPDR Wells Fargo Preferred Stock ETF | 28,904,467 | 30,841,144 |
For the six months ended December 31, 2013, 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 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 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 the 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, 2013 and the value of the invested cash collateral are disclosed in the Funds’ Statements of Assets and Liabilities. Non-cash collateral is not disclosed in the Funds’ Statement of Assets and Liabilities as it is held by the lending agent on behalf of the Funds and the Funds do not have the ability to re-hypothecate those securities. 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.
383
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
9. | Recent Accounting Pronouncements |
The Fund has adopted the disclosure provisions of Financial Accounting Standards Board(“FASB”) Accounting Standards Update 2011-11 (“ASU 2011-11”), Balance Sheet (Topic 210) — Disclosures about Offsetting Assets and Liabilities along with the related scope clarification provisions of FASB Accounting Standards Update 2013-01 (“ASU 2013-01”) entitled Balance Sheet (Topic 210) — Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. ASU 2011-11 is intended to enhance disclosures on the offsetting of financial assets and liabilities by requiring entities to disclose both gross and net information about financial instruments and transactions that are either offset in the statement of assets and liabilities or subject to a master netting agreement or similar arrangement. ASU 2013-01 limits the scope of ASU 2011-11’s disclosure requirements on offsetting to financial assets and financial liabilities related to derivatives, repurchase and reverse repurchase agreements, and securities lending and securities borrowing transactions. Management has determined that there is no material impact to the financial statements.
384
SPDR SERIES TRUST
OTHER INFORMATION
OTHER INFORMATION
December 31, 2013 (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, 2013 and held for the six months ended December 31, 2013.
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 | 7/1/13 to | |||||||||||||
Actual | Expense Ratio | 7/1/13 | 12/31/13 | 12/31/13 | ||||||||||||
SPDR Russell 3000 ETF | 0.11 | % | $ | 1,000 | $ | 1,169.50 | $ | 0.60 | ||||||||
SPDR Russell 1000 ETF | 0.11 | 1,000 | 1,167.30 | 0.60 | ||||||||||||
SPDR Russell 2000 ETF** | 0.12 | 1,000 | 1,159.50 | 0.63 | ||||||||||||
SPDR S&P 500 Growth ETF | 0.20 | 1,000 | 1,183.10 | 1.10 | ||||||||||||
SPDR S&P 500 Value ETF | 0.20 | 1,000 | 1,138.90 | 1.08 | ||||||||||||
SPDR Russell Small Cap Completeness ETF | 0.11 | 1,000 | 1,195.20 | 0.61 | ||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | 0.25 | 1,000 | 1,171.00 | 1.37 | ||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 0.25 | 1,000 | 1,155.80 | 1.36 | ||||||||||||
SPDR S&P 600 Small Cap ETF | 0.20 | 1,000 | 1,214.10 | 1.12 | ||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 0.25 | 1,000 | 1,231.30 | 1.41 | ||||||||||||
SPDR S&P 600 Small Cap Value ETF | 0.25 | 1,000 | 1,199.00 | 1.39 | ||||||||||||
SPDR Global Dow ETF | 0.50 | 1,000 | 1,186.00 | 2.75 | ||||||||||||
SPDR Dow Jones REIT ETF | 0.25 | 1,000 | 957.10 | 1.23 | ||||||||||||
SPDR S&P Bank ETF | 0.35 | 1,000 | 1,166.00 | 1.91 |
385
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2013 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/13 to | |||||||||||||
Actual | Expense Ratio | 7/1/13 | 12/31/13 | 12/31/13 | ||||||||||||
SPDR S&P Capital Markets ETF | 0.35 | % | $ | 1,000 | $ | 1,265.80 | $ | 2.00 | ||||||||
SPDR S&P Insurance ETF | 0.35 | 1,000 | 1,176.70 | 1.92 | ||||||||||||
SPDR S&P Mortgage Finance ETF | 0.35 | 1,000 | 1,126.80 | 1.88 | ||||||||||||
SPDR S&P Regional Banking ETF | 0.35 | 1,000 | 1,208.40 | 1.95 | ||||||||||||
SPDR Morgan Stanley Technology ETF | 0.50 | 1,000 | 1,218.40 | 2.80 | ||||||||||||
SPDR S&P Dividend ETF | 0.35 | 1,000 | 1,125.10 | 1.87 | ||||||||||||
SPDR S&P Aerospace & Defense ETF | 0.35 | 1,000 | 1,313.70 | 2.04 | ||||||||||||
SPDR S&P Biotech ETF | 0.35 | 1,000 | 1,250.80 | 1.99 | ||||||||||||
SPDR S&P Health Care Equipment ETF | 0.35 | 1,000 | 1,207.20 | 1.95 | ||||||||||||
SPDR S&P Health Care Services ETF | 0.35 | 1,000 | 1,123.10 | 1.87 | ||||||||||||
SPDR S&P Homebuilders ETF | 0.35 | 1,000 | 1,131.50 | 1.88 | ||||||||||||
SPDR S&P Metals & Mining ETF | 0.35 | 1,000 | 1,276.40 | 2.01 | ||||||||||||
SPDR S&P Oil & Gas Equipment & Services ETF | 0.35 | 1,000 | 1,120.00 | 1.87 | ||||||||||||
SPDR S&P Oil & Gas Exploration & Production ETF | 0.35 | 1,000 | 1,180.50 | 1.92 | ||||||||||||
SPDR S&P Pharmaceuticals ETF | 0.35 | 1,000 | 1,271.50 | 2.00 | ||||||||||||
SPDR S&P Retail ETF | 0.35 | 1,000 | 1,153.70 | 1.90 | ||||||||||||
SPDR S&P Semiconductor ETF | 0.35 | 1,000 | 1,149.80 | 1.90 | ||||||||||||
SPDR S&P Software & Services ETF | 0.35 | 1,000 | 1,266.40 | 2.00 | ||||||||||||
SPDR S&P Telecom ETF | 0.35 | 1,000 | 1,149.80 | 1.90 | ||||||||||||
SPDR S&P Transportation ETF | 0.35 | 1,000 | 1,231.00 | 1.97 | ||||||||||||
SPDR S&P 1500 Value Tilt ETF | 0.35 | 1,000 | 1,159.20 | 1.90 | ||||||||||||
SPDR S&P 1500 Momentum Tilt ETF | 0.35 | 1,000 | 1,176.40 | 1.92 | ||||||||||||
SPDR Russell 1000 Low Volatility ETF | 0.20 | 1,000 | 1,113.70 | 1.07 | ||||||||||||
SPDR Russell 2000 Low Volatility ETF | 0.25 | 1,000 | 1,169.60 | 1.37 | ||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 0.45 | 1,000 | 950.20 | 2.21 | ||||||||||||
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/13 to | |||||||||||||
Hypothetical | Expense Ratio | 7/1/13 | 12/31/13 | 12/31/13 | ||||||||||||
SPDR Russell 3000 ETF | 0.11 | % | $ | 1,000 | $ | 1,024.65 | $ | 0.56 | ||||||||
SPDR Russell 1000 ETF | 0.11 | 1,000 | 1,024.65 | 0.56 | ||||||||||||
SPDR Russell 2000 ETF** | 0.12 | 1,000 | 1,023.60 | 0.61 | ||||||||||||
SPDR S&P 500 Growth ETF | 0.20 | 1,000 | 1,024.20 | 1.02 | ||||||||||||
SPDR S&P 500 Value ETF | 0.20 | 1,000 | 1,024.20 | 1.02 | ||||||||||||
SPDR Russell Small Cap Completeness ETF | 0.11 | 1,000 | 1,024.65 | 0.56 | ||||||||||||
SPDR S&P 400 Mid Cap Growth ETF | 0.25 | 1,000 | 1,023.95 | 1.28 | ||||||||||||
SPDR S&P 400 Mid Cap Value ETF | 0.25 | 1,000 | 1,023.95 | 1.28 | ||||||||||||
SPDR S&P 600 Small Cap ETF | 0.20 | 1,000 | 1,024.20 | 1.02 | ||||||||||||
SPDR S&P 600 Small Cap Growth ETF | 0.25 | 1,000 | 1,023.95 | 1.28 | ||||||||||||
SPDR S&P 600 Small Cap Value ETF | 0.25 | 1,000 | 1,023.95 | 1.28 |
386
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2013 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/13 to | |||||||||||||
Hypothetical | Expense Ratio | 7/1/13 | 12/31/13 | 12/31/13 | ||||||||||||
SPDR Global Dow ETF | 0.50 | % | $ | 1,000 | $ | 1,022.68 | $ | 2.55 | ||||||||
SPDR Dow Jones REIT ETF | 0.25 | 1,000 | 1,023.95 | 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 | ||||||||||||
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 | 0.35 | 1,000 | 1,023.44 | 1.79 | ||||||||||||
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 Value Tilt 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 Russell 1000 Low Volatility ETF | 0.20 | 1,000 | 1,024.20 | 1.02 | ||||||||||||
SPDR Russell 2000 Low Volatility ETF | 0.25 | 1,000 | 1,023.95 | 1.28 | ||||||||||||
SPDR Wells Fargo Preferred Stock ETF | 0.45 | 1,000 | 1,022.94 | 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 7/8/13. Hypothetical period is from 7/1/13. |
387
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2013 (Unaudited)
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 a Fund voted proxies relating to its portfolio securities during the 12-month 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.
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, 2013, 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 equity series of the Trust (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 the SPDR Russell 2000 ETF (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 provided by, or to be provided by, the Adviser with respect to the SPDR ETFs under the Agreement, (ii) the investment performance of the Current ETFs, (iii) the costs to the Adviser of its services and profits realized by the Adviser from its relationship with the Trust, and (iv) 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 provided by, or 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 responsibilities for managing investment operations of each of the SPDR ETFs, in accordance with each SPDR ETF’s investment objective, investment policies, and applicable legal and regulatory requirements. The Board appreciated the relatively unique nature of the SPDR ETFs, as ETFs, 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
388
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2013 (Unaudited)
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 SSgA, 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 and also considered the Adviser’s experience in managing equity ETFs.
The Board then reviewed the Current ETFs’ performance, noting that the distinctive indexed investment objective of each of the Current ETFs made analysis of investment performance, in absolute terms, less of a priority than that which normally attaches to the performance of actively-managed funds. Instead, the Board focused on the extent to which each Current ETF achieved its objective as a passively managed index fund. The Board reviewed information regarding the Current ETFs’ index tracking and tracking error, noting that each Current ETF satisfactorily tracked its benchmark index.
The Board considered the profitability of the advisory arrangement with the Current ETFs to the Adviser, including data on the Current ETFs’ historical profitability to the Adviser. The Independent Trustees, through their counsel, had the opportunity to discuss, with representatives of the Adviser and State Street, methodologies used in computing costs that formed the bases of profitability calculations and determined that these methodologies were reasonable.
The Board also considered whether the Adviser or its affiliates 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 recognized that the Adviser is likely to realize economies of scale in managing the SPDR ETFs as assets grow in size and noted the Adviser’s assertion that such economies of scale are shared with the SPDR ETFs by way of the relatively low advisory fee and unitary fee structure of the Trust. The Board noted that it intends to continue to monitor fees as 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 ETFs for the SPDR ETFs based upon data from Lipper Analytical Services and related comparative information for similar ETFs. The Board also reviewed the historical expense ratios of the Current ETFs and estimated expense ratios for the New ETFs. In doing so, the Board used a fund by fund analysis of the data.
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 provided by, or expected to be provided by, the Adviser with respect to the SPDR ETFs; (b) the performance, and, more importantly, the index tracking of each SPDR ETF had been satisfactory; (c) the Adviser’s fees for each SPDR ETF and the unitary fee, considered in relation to services provided or expected to be provided, were fair and reasonable; (d) profitability of the Trust’s relationships with the Adviser was not excessive; (e) any additional benefits to the Adviser or its affiliates were not of a magnitude to materially affect the Board’s conclusions; and (f) fees paid to the Adviser adequately shared the economies of scale with the SPDR ETFs by way of the relatively low fee structure of the Trust.
389
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 Russell 3000® ETF (THRK)
SPDR Russell 1000® ETF (ONEK)
SPDR Russell 2000® ETF (TWOK)
SPDR S&P 500 Growth ETF (SPYG)
SPDR S&P 500 Value ETF (SPYV)
SPDR Russell Small Cap Completeness ETF (RSCO)
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 1-10 Year TIPS ETF (TIPX)
SPDR Barclays Short Term Treasury ETF (SST)
SPDR Barclays Intermediate Term Treasury ETF (ITE)
SPDR Barclays Long Term Treasury ETF (TLO)
SPDR 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 S&P Global Infrastructure 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 MSCI EM Beyond BRIC ETF (EMBB)
SPDR Russell/Nomura PRIMEtm Japan ETF (JPP)
SPDR Russell/Nomura Small Captm Japan ETF (JSC)
SPDR S&P Global Dividend ETF (WDIV)
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 Sector 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 Blackstone/GSO Senior Loan ETF (SRLN)
SPDR SSgA Ultra Short Term Bond ETF (ULST)
SPDR MFS Systematic Core Equity ETF (SYE)
SPDR MFS Systematic Value Equity ETF (SYV)
SPDR MFS Systematic Growth Equity ETF (SYG)
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 ALPS Portfolio Solutions Distributors, Inc. is the distributor for 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 officers Ellen M. Needham, President Ann Carpenter, Vice President Michael P. Riley, Vice President Chad C. Hallett, Treasurer Matthew W. Flaherty, Assistant Treasurer Laura F. Dell, Assistant Treasurer Christopher A. Madden, Secretary Danio Mastropieri, Assistant Secretary Brian Harris, Chief Compliance Officer investment manager SSgA Funds Management, Inc. State Street Financial Center One Lincoln Street Boston, MA 02111 distributor State Street Global Markets, LLC One Lincoln Street Boston, MA 02111 custodian, administrator and transfer agent State Street Bank and Trust Company One Lincoln Street Boston, MA 02111 legal counsel Bingham McCutchen LLP 2020 K Street NW Washington, DC 20006 independent registered public accounting firm Ernst & Young LLP 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. 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. The Russell 1000® Index, Russell 2000® Index, Russell 3000® Index, and Russell Small Cap Completeness® Index are trademarks of Russell Investment Group and have been licensed for use by State Street Bank and Trust Company through its State Street Global Advisors Division. The Products are not sponsored, endorsed, sold or promoted by Russell Investment Group and Russell Investment Group makes no representation regarding the advisability of investing in the 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, and all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc. is distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are 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. © 2014 State Street Corporation SPDREQTYSAR IBG-10865 For more complete information, please call 866.787.2257 or visit www.spdrs.com today. |
SPDR® Series Trust – Fixed Income Funds Semi-Annual Report December 31, 2013 Precise in a world that isn’t.® |
TABLE OF CONTENTS
Performance & Portfolio Summary | ||
SPDR Barclays 1-3 Month T-Bill ETF (BIL) | 1 | |
SPDR Barclays TIPS ETF (IPE) | 4 | |
SPDR Barclays 1-10 Year TIPS ETF (TIPX) | 7 | |
SPDR Barclays Short Term Treasury ETF (SST) | 10 | |
SPDR Barclays Intermediate Term Treasury ETF (ITE) | 13 | |
SPDR Barclays Long Term Treasury ETF (TLO) | 16 | |
SDPR Barclays Short Term Corporate Bond ETF (SCPB) | 19 | |
SPDR Barclays Intermediate Term Corporate Bond ETF (ITR) | 22 | |
SPDR Barclays Long Term Corporate Bond ETF (LWC) | 25 | |
SPDR Barclays Issuer Scored Corporate Bond ETF (CBND) | 28 | |
SPDR Barclays Convertible Securities ETF (CWB) | 31 | |
SPDR Barclays Mortgage Backed Bond ETF (MBG) | 34 | |
SPDR Barclays Aggregate Bond ETF (LAG) | 37 | |
SPDR Nuveen Barclays Municipal Bond ETF (TFI) | 40 | |
SPDR Nuveen Barclays California Municipal Bond ETF (CXA) | 43 | |
SPDR Nuveen Barclays New York Municipal Bond ETF (INY) | 46 | |
SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM) | 49 | |
SPDR Nuveen S&P VRDO Municipal Bond ETF (VRD) | 52 | |
SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB) | 55 | |
SPDR Nuveen Barclays Build America Bond ETF (BABS) | 58 | |
SPDR DB International Government Inflation-Protected Bond ETF (WIP) | 61 | |
SPDR Barclays Short Term International Treasury Bond ETF (BWZ) | 64 | |
SPDR Barclays International Treasury Bond ETF (BWX) | 67 | |
SPDR Barclays International Corporate Bond ETF (IBND) | 70 | |
SPDR Barclays Emerging Markets Local Bond ETF (EBND) | 73 | |
SPDR Barclays High Yield Bond ETF (JNK) | 76 | |
SPDR Barclays Short Term High Yield Bond ETF (SJNK) | 79 | |
SPDR Barclays Investment Grade Floating Rate ETF (FLRN) | 82 | |
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) | 85 | |
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR) | 88 | |
Schedules of Investments | ||
SPDR Barclays 1-3 Month T-Bill ETF (BIL) | 91 | |
SPDR Barclays TIPS ETF (IPE) | 92 | |
SPDR Barclays 1-10 Year TIPS ETF (TIPX) | 93 | |
SPDR Barclays Short Term Treasury ETF (SST) | 94 | |
SPDR Barclays Intermediate Term Treasury ETF (ITE) | 96 | |
SPDR Barclays Long Term Treasury ETF (TLO) | 98 | |
SDPR Barclays Short Term Corporate Bond ETF (SCPB) | 99 | |
SPDR Barclays Intermediate Term Corporate Bond ETF (ITR) | 112 | |
SPDR Barclays Long Term Corporate Bond ETF (LWC) | 133 | |
SPDR Barclays Issuer Scored Corporate Bond ETF (CBND) | 145 |
SPDR Barclays Convertible Securities ETF (CWB) | 156 | |
SPDR Barclays Mortgage Backed Bond ETF (MBG) | 159 | |
SPDR Barclays Aggregate Bond ETF (LAG) | 160 | |
SPDR Nuveen Barclays Municipal Bond ETF (TFI) | 180 | |
SPDR Nuveen Barclays California Municipal Bond ETF (CXA) | 189 | |
SPDR Nuveen Barclays New York Municipal Bond ETF (INY) | 192 | |
SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM) | 194 | |
SPDR Nuveen S&P VRDO Municipal Bond ETF (VRD) | 204 | |
SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB) | 206 | |
SPDR Nuveen Barclays Build America Bond ETF (BABS) | 213 | |
SPDR DB International Government Inflation-Protected Bond ETF (WIP) | 217 | |
SPDR Barclays Short Term International Treasury Bond ETF (BWZ) | 219 | |
SPDR Barclays International Treasury Bond ETF (BWX) | 222 | |
SPDR Barclays International Corporate Bond ETF (IBND) | 227 | |
SPDR Barclays Emerging Markets Local Bond ETF (EBND) | 235 | |
SPDR Barclays High Yield Bond ETF (JNK) | 239 | |
SPDR Barclays Short Term High Yield Bond ETF (SJNK) | 252 | |
SPDR Barclays Investment Grade Floating Rate ETF (FLRN) | 261 | |
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD) | 267 | |
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR) | 270 | |
Financial Statements | 280 | |
Financial Highlights | 304 | |
Notes to Financial Statements | 329 | |
Other Information | 348 |
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, 2013 is 0.1345%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | −0.04% | −0.04% | 0.02% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −0.07% | −0.07% | 0.05% | −0.07% | −0.07% | 0.05% | ||||||||||||||||||
THREE YEARS | −0.16% | −0.17% | 0.19% | −0.05% | −0.06% | 0.06% | ||||||||||||||||||
FIVE YEARS | −0.07% | 0.05% | 0.47% | −0.01% | 0.01% | 0.09% | ||||||||||||||||||
SINCE INCEPTION (1) | 4.36% | 4.36% | 5.02% | 0.65% | 0.65% | 0.74% | ||||||||||||||||||
(1) | For the period May 25, 2007 to December 31, 2013. |
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
2
SPDR Barclays 1-3 Month T-Bill ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
TREASURY BILLS, | TREASURY BILLS, | TREASURY BILLS, | TREASURY BILLS, | TREASURY BILLS, | ||||||
DESCRIPTION | 0.04%, 2/6/2014 | 0.04%, 3/6/2014 | 0.05%, 2/13/2014 | 0.05%, 2/20/2014 | 0.06%, 2/27/2014 | |||||
MARKET VALUE | $174,913,850 | 172,793,097 | 122,230,834 | 120,120,664 | 120,119,629 | |||||
% OF NET ASSETS | 16.3 | 16.1 | 11.4 | 11.2 | 11.2 | |||||
(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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 108.7 | % | ||||
Short Term Investments | 0.1 | |||||
Other Assets & Liabilities | (8.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
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, 2013 is 0.1845%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS U.S. | BARCLAYS U.S. | |||||||||||||||||||||||
GOVERNMENT | GOVERNMENT | |||||||||||||||||||||||
NET ASSET | MARKET | INFLATION-LINKED | NET ASSET | MARKET | INFLATION-LINKED | |||||||||||||||||||
VALUE | VALUE | BOND INDEX | VALUE | VALUE | BOND INDEX | |||||||||||||||||||
SIX MONTHS | −1.62% | −1.64% | −1.54% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −9.42% | −9.54% | −9.26% | −9.42% | −9.54% | −9.26% | ||||||||||||||||||
THREE YEARS | 10.35% | 10.05% | 10.94% | 3.34% | 3.24% | 3.52% | ||||||||||||||||||
FIVE YEARS | 30.20% | 28.12% | 30.33% | 5.42% | 5.08% | 5.44% | ||||||||||||||||||
SINCE INCEPTION (1) | 39.13% | 38.84% | 40.48% | 5.13% | 5.09% | 5.28% | ||||||||||||||||||
(1) | For the period May 25, 2007 to December 31, 2013. |
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
5
SPDR Barclays TIPS ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
TREASURY INFLATION | TREASURY INFLATION | TREASURY INFLATION | TREASURY INFLATION | TREASURY INFLATION | ||||||
PROTECTED INDEXED | PROTECTED INDEXED | PROTECTED INDEXED | PROTECTED INDEXED | PROTECTED INDEXED | ||||||
NOTES, | NOTES, | NOTES, | NOTES, | NOTES, | ||||||
DESCRIPTION | 0.13%, 4/15/2018 | 0.13%, 4/15/2017 | 0.13%, 4/15/2016 | 1.13%, 1/15/2021 | 0.13%, 1/15/2022 | |||||
MARKET VALUE | $30,972,826 | 28,239,350 | 25,066,599 | 24,757,012 | 24,627,637 | |||||
% OF NET ASSETS | 5.4 | 4.9 | 4.3 | 4.3 | 4.3 | |||||
(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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 99.5 | % | ||||
Short Term Investments | 3.4 | |||||
Other Assets & Liabilities | (2.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
6
SPDR Barclays 1-10 Year 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 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 (5/29/13, 5/30/13, 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 1-10 Year TIPS ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2013 is 0.1500%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS 1-10 YEAR | BARCLAYS 1-10 YEAR | |||||||||||||||||||||||
GOVERNMENT | GOVERNMENT | |||||||||||||||||||||||
NET ASSET | MARKET | INFLATION-LINKED | NET ASSET | MARKET | INFLATION-LINKED | |||||||||||||||||||
VALUE | VALUE | BOND INDEX | VALUE | VALUE | BOND INDEX | |||||||||||||||||||
SIX MONTHS | −0.45% | −0.12% | −0.39% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −3.51% | −3.36% | −3.45% | N/A | N/A | N/A | ||||||||||||||||||
(1) For the period May 29, 2013 to December 31, 2013. |
7
SPDR Barclays 1-10 Year 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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
8
SPDR Barclays 1-10 Year TIPS ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
TREASURY INFLATION | TREASURY INFLATION | TREASURY INFLATION | TREASURY INFLATION | TREASURY INFLATION | ||||||
PROTECTED INDEXED | PROTECTED INDEXED | PROTECTED INDEXED | PROTECTED INDEXED | PROTECTED INDEXED | ||||||
NOTES, | NOTES, | NOTES, | NOTES, | NOTES, | ||||||
DESCRIPTION | 0.13%, 4/15/2018 | 0.13%, 4/15/2017 | 0.13%, 4/15/2016 | 1.13%, 1/15/2021 | 0.13%, 1/15/2022 | |||||
MARKET VALUE | $740,174 | 674,834 | 599,076 | 591,967 | 588,712 | |||||
% OF NET ASSETS | 7.7 | 7.0 | 6.2 | 6.2 | 6.1 | |||||
(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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 99.5 | % | ||||
Short Term Investments | 19.4 | |||||
Other Assets & Liabilities | (18.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
9
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, 2013 is 0.1200%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 0.29% | 0.36% | 0.35% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −0.26% | −0.24% | −0.14% | −0.26% | −0.24% | −0.14% | ||||||||||||||||||
SINCE INCEPTION (1) | 0.68% | 0.69% | 0.93% | 0.32% | 0.33% | 0.44% | ||||||||||||||||||
(1) For the period November 30, 2011 to December 31, 2013. |
10
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
11
SPDR Barclays Short Term Treasury ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
TREASURY NOTES, | TREASURY NOTES, | TREASURY NOTES, | TREASURY NOTES, | TREASURY NOTES, | ||||||
DESCRIPTION | 1.38%, 9/30/2018 | 2.38%, 2/28/2015 | 1.50%, 8/31/2018 | 2.13%, 5/31/2015 | 2.25%, 1/31/2015 | |||||
MARKET VALUE | $296,301 | 272,682 | 248,727 | 245,379 | 243,307 | |||||
% 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 99.4 | % | ||||
Short Term Investments | 7.9 | |||||
Other Assets & Liabilities | (7.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
12
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, 2013 is 0.1345%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | −0.12% | −0.04% | −0.06% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −1.46% | −1.26% | −1.34% | −1.46% | −1.26% | −1.34% | ||||||||||||||||||
THREE YEARS | 6.60% | 6.68% | 6.94% | 2.15% | 2.18% | 2.26% | ||||||||||||||||||
FIVE YEARS | 10.48% | 10.49% | 11.01% | 2.01% | 2.02% | 2.11% | ||||||||||||||||||
SINCE INCEPTION (1) | 31.93% | 31.98% | 32.61% | 4.28% | 4.29% | 4.36% | ||||||||||||||||||
(1) For the period May 23, 2007 to December 31, 2013. |
13
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
14
SPDR Barclays Intermediate Term Treasury ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
TREASURY NOTES, | TREASURY NOTES, | TREASURY NOTES, | TREASURY NOTES, | TREASURY NOTES, | ||||||
DESCRIPTION | 1.00%, 9/30/2016 | 0.50%, 6/15/2016 | 2.50%, 8/15/2023 | 2.63%, 11/15/2020 | 0.25%, 2/15/2015 | |||||
MARKET VALUE | $2,649,776 | 2,617,223 | 2,536,848 | 2,525,332 | 2,473,730 | |||||
% 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.)
ASSET ALLOCATION AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 100.5 | % | ||||
Short Term Investments | 9.7 | |||||
Other Assets & Liabilities | (10.2 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
15
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, 2013 is 0.1345%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | BARCLAYS LONG U.S. | NET ASSET | MARKET | BARCLAYS LONG U.S. | |||||||||||||||||||
VALUE | VALUE | TREASURY INDEX | VALUE | VALUE | TREASURY INDEX | |||||||||||||||||||
SIX MONTHS | −5.27% | −5.39% | −5.24% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −12.75% | −13.36% | −12.66% | −12.75% | −13.36% | −12.66% | ||||||||||||||||||
THREE YEARS | 17.12% | 17.42% | 17.51% | 5.41% | 5.50% | 5.53% | ||||||||||||||||||
FIVE YEARS | 11.52% | 10.89% | 11.93% | 2.20% | 2.09% | 2.28% | ||||||||||||||||||
SINCE INCEPTION (1) | 51.89% | 51.79% | 52.57% | 6.53% | 6.52% | 6.60% | ||||||||||||||||||
(1) | For the period May 23, 2007 to December 31, 2013. |
16
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
17
SPDR Barclays Long Term Treasury ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
TREASURY BONDS, | TREASURY BONDS, | TREASURY BONDS, | TREASURY BONDS, | TREASURY BONDS, | ||||||
DESCRIPTION | 3.63%, 8/15/2043 | 2.88%, 5/15/2043 | 3.13%, 2/15/2043 | 2.75%, 11/15/2042 | 2.75%, 8/15/2042 | |||||
MARKET VALUE | $2,249,132 | 1,912,544 | 1,813,304 | 1,684,769 | 1,514,353 | |||||
% OF NET ASSETS | 6.3 | 5.3 | 5.0 | 4.7 | 4.2 | |||||
(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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 98.9 | % | ||||
Short Term Investments | 13.7 | |||||
Other Assets & Liabilities | (12.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
18
SPDR Barclays 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, 2013 is 0.1245%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
U.S. 1-3 YEAR | U.S. 1-3 YEAR | |||||||||||||||||||||||
NET ASSET | MARKET | CORPORATE | NET ASSET | MARKET | CORPORATE | |||||||||||||||||||
VALUE | VALUE | BOND INDEX | VALUE | VALUE | BOND INDEX | |||||||||||||||||||
SIX MONTHS | 1.26% | 1.18% | 1.39% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 1.37% | 1.35% | 1.71% | 1.37% | 1.35% | 1.71% | ||||||||||||||||||
THREE YEARS | 6.54% | 6.48% | 7.93% | 2.13% | 2.12% | 2.58% | ||||||||||||||||||
SINCE INCEPTION (1) | 9.57% | 9.72% | 12.66% | 2.29% | 2.32% | 2.99% | ||||||||||||||||||
(1) | For the period December 16, 2009 to December 31, 2013. |
19
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
20
SPDR Barclays Short Term Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
BANK OF AMERICA | VERIZON | THE GOLDMAN | ||||||||
CORP., | COMMUNICATIONS, INC., | JPMORGAN CHASE & CO., | SACHS GROUP, INC., | ABBVIE, INC., | ||||||
DESCRIPTION | 6.50%, 8/1/2016 | 2.50%, 9/15/2016 | 3.15%, 7/5/2016 | 3.63%, 2/7/2016 | 1.20%, 11/6/2015 | |||||
MARKET VALUE | $19,466,814 | 18,753,678 | 16,972,676 | 15,888,296 | 15,738,953 | |||||
% OF NET ASSETS | 0.7 | 0.6 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 98.6 | % | ||||
Short Term Investments | 3.1 | |||||
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. |
21
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, 2013 is 0.1500%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 1.87% | 2.00% | 1.93% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR (1) | −0.19% | −0.53% | 0.08% | −0.19% | −0.53% | 0.08% | ||||||||||||||||||
THREE YEARS | 14.00% | 14.34% | 14.94% | 4.47% | 4.57% | 4.75% | ||||||||||||||||||
SINCE INCEPTION (1)(2) | 34.62% | 34.90% | 45.59% | 6.27% | 6.31% | 7.99% | ||||||||||||||||||
(1) | For the period February 10, 2009 to December 31, 2013. | |
(2) | Effective December 17, 2010, the Fund changed its benchmark index from Barclays Capital U.S. Intermediate Credit Index to the Barclays U.S. Intermediate Corporate Bond 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. |
22
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)
(1) | Effective December 17, 2010, the Fund changed its benchmark index from Barclays Capital U.S. Intermediate Credit Index to the Barclays U.S. Intermediate Corporate Bond 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) | Index returns represent the Fund’s prior benchmark index from February 10, 2009 through December 16, and the Barclays U.S. Intermediate Corporate Bond Index from December 17, 2010 through December 31, 2013. |
Past Performance is not a guarantee of future results.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
23
SPDR Barclays Intermediate Term Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
VERIZON | MERRILL LYNCH & | |||||||||
MORGAN STANLEY, | COMMUNICATIONS, INC., | MORGAN STANLEY, | CO., INC., | AT&T, INC., | ||||||
DESCRIPTION | 3.80%, 4/29/2016 | 5.15%, 9/15/2023 | 3.45%, 11/2/2015 | 6.88%, 4/25/2018 | 5.50%, 2/1/2018 | |||||
MARKET VALUE | $2,060,674 | 1,980,091 | 1,564,280 | 1,495,972 | 1,413,833 | |||||
% OF NET ASSETS | 0.5 | 0.5 | 0.4 | 0.3 | 0.3 | |||||
(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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 98.9 | % | ||||
Short Term Investments | 3.8 | |||||
Other Assets & Liabilities | (2.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
24
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, 2013 is 0.1500%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 1.98% | 1.38% | 1.94% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −5.89% | −5.85% | −5.68% | −5.89% | −5.85% | −5.68% | ||||||||||||||||||
THREE YEARS | 21.14% | 20.91% | 22.89% | 6.60% | 6.53% | 7.11% | ||||||||||||||||||
SINCE INCEPTION (1)(2) | 63.73% | 63.53% | 76.18% | 10.79% | 10.76% | 12.49% | ||||||||||||||||||
(1) | For the period March 10, 2009 to December 31, 2013. | |
(2) | Effective December 17, 2010, the Fund changed its benchmark index from Barclays Capital U.S. Long Credit Index to the Barclays U.S. Long Corporate Bond 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 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)
(1) | Effective December 17, 2010, the Fund changed its benchmark index from Barclays Capital U.S. Long Credit Index to the Barclays U.S. Long Corporate Bond 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) | Index returns represent the Fund’s prior benchmark index from March 10, 2009 through December 16, 2010 and the Barclays U.S. Long Corporate Bond Index from December 17, 2010 through December 31, 2013. |
Past Performance is not a guarantee of future results.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
26
SPDR Barclays Long Term Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
VERIZON | GENERAL ELECTRIC | THE GOLDMAN | GENERAL ELECTRIC | |||||||
COMMUNICATIONS, INC., | CAPITAL CORP., | SACHS GROUP, INC., | CONOCOPHILLIPS, | CAPITAL CORP., | ||||||
DESCRIPTION | 6.55%, 9/15/2043 | 6.75%, 3/15/2032 | 6.75%, 10/1/2037 | 6.50%, 2/1/2039 | 5.88%, 1/14/2038 | |||||
MARKET VALUE | $1,557,032 | 593,010 | 574,982 | 471,496 | 466,354 | |||||
% OF NET ASSETS | 1.9 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 98.5 | % | ||||
Short Term Investments | 5.4 | |||||
Other Assets & Liabilities | (3.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
27
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, 2013 is 0.1600%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS | BARCLAYS | |||||||||||||||||||||||
ISSUER SCORED | ISSUER SCORED | |||||||||||||||||||||||
NET ASSET | MARKET | CORPORATE | NET ASSET | MARKET | CORPORATE | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 1.61% | 1.29% | 1.55% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −1.23% | −1.67% | −1.07% | −1.23% | −1.67% | −1.07% | ||||||||||||||||||
SINCE INCEPTION (1) | 14.18% | 13.74% | 15.78% | 4.96% | 4.81% | 5.50% | ||||||||||||||||||
(1) For the period April 6, 2011 to December 31, 2013. |
28
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
29
SPDR Barclays Issuer Scored Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
DELTA AIR LINES 2012-1 | ||||||||||
PASS THROUGH TRUST, | CAMDEN PROPERTY | NOMURA | ||||||||
MDC HOLDINGS, INC., | CLASS A, | TRUST, | AEGON NV, | HOLDINGS, INC., | ||||||
DESCRIPTION | 5.38%, 7/1/2015 | 4.75%, 5/7/2020 | 4.63%, 6/15/2021 | 4.63%, 12/1/2015 | 5.00%, 3/4/2015 | |||||
MARKET VALUE | $210,000 | 198,540 | 183,401 | 159,746 | 156,564 | |||||
% OF NET ASSETS | 0.8 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 97.6 | % | ||||
Short Term Investments | 12.6 | |||||
Other Assets & Liabilities | (10.2 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
30
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, 2013 is 0.4000%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS U.S. | BARCLAYS U.S. | |||||||||||||||||||||||
NET ASSET | MARKET | CONVERTIBLE BOND | NET ASSET | MARKET | CONVERTIBLE BOND | |||||||||||||||||||
VALUE | VALUE | >$500MM INDEX | VALUE | VALUE | >$500MM INDEX | |||||||||||||||||||
SIX MONTHS | 12.24% | 12.19% | 13.47% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 20.77% | 20.90% | 22.44% | 20.77% | 20.90% | 22.44% | ||||||||||||||||||
THREE YEARS | 29.89% | 29.17% | 32.08% | 9.11% | 8.91% | 9.72% | ||||||||||||||||||
SINCE INCEPTION (1) | 92.50% | 92.93% | 105.92% | 14.89% | 14.95% | 16.56% | ||||||||||||||||||
(1) | For the period April 14, 2009 to December 31, 2013. |
31
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
32
SPDR Barclays Convertible Securities ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
WELLS FARGO & | GILEAD SCIENCES, | BANK OF AMERICA | ||||||||
CO., SERIES L, | INC., | CORP., SERIES L, | GILEAD SCIENCES, INC., | INTEL CORP., | ||||||
DESCRIPTION | 7.50%, 12/31/2049 | 1.63%, 5/1/2016 | 7.25%, 12/31/2049 | 1.00%, 5/1/2014 | 3.25%, 8/1/2039 | |||||
MARKET VALUE | $82,958,980 | 70,777,750 | 60,405,913 | 60,067,286 | 50,596,071 | |||||
% OF NET ASSETS | 4.1 | 3.5 | 3.0 | 3.0 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Convertible Corporate Bonds & Notes | 75.3 | % | ||||
Convertible Preferred Stocks | 23.7 | |||||
Common Stocks | 0.5 | |||||
Short Term Investments | 11.2 | |||||
Other Assets & Liabilities | (10.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
33
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, 2013 is 0.3200%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 0.75% | 0.82% | 0.61% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −1.59% | −1.77% | −1.41% | −1.59% | −1.77% | −1.41% | ||||||||||||||||||
THREE YEARS | 6.67% | 6.79% | 7.44% | 2.18% | 2.21% | 2.42% | ||||||||||||||||||
SINCE INCEPTION (1) | 18.43% | 18.28% | 18.78% | 3.47% | 3.44% | 3.53% | ||||||||||||||||||
(1) | For the period January 15, 2009 to December 31, 2013. |
34
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
35
SPDR Barclays Mortgage Backed Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
FANNIE MAE, | FANNIE MAE, | FREDDIE MAC, | FREDDIE MAC, | FANNIE MAE, | ||||||
DESCRIPTION | 4.50%, 30YR TBA | 3.00%, 30YR TBA | 4.00%, 30YR TBA | 3.50%, 30YR TBA | 3.50%, 30YR TBA | |||||
MARKET VALUE | $7,636,500 | 6,895,430 | 6,682,812 | 5,707,773 | 5,620,867 | |||||
% OF NET ASSETS | 6.8 | 6.2 | 6.0 | 5.1 | 5.0 | |||||
(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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Government Agency MBS TBA | 83.5 | % | ||||
Government National Mortgage Association | 7.1 | |||||
Federal Home Loan Mortgage Corporation | 6.0 | |||||
Federal National Mortgage Association | 3.0 | |||||
Short Term Investments | 83.8 | |||||
Other Assets & Liabilities | (83.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
36
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, 2013 is 0.2145%.*
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | BARCLAYS U.S. | NET ASSET | MARKET | BARCLAYS U.S. | |||||||||||||||||||
VALUE | VALUE | AGGREGATE INDEX | VALUE | VALUE | AGGREGATE INDEX | |||||||||||||||||||
SIX MONTHS | 0.49% | 0.43% | 0.43% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −2.08% | −2.06% | −2.02% | −2.08% | −2.06% | −2.02% | ||||||||||||||||||
THREE YEARS | 9.54% | 9.79% | 10.11% | 3.08% | 3.16% | 3.26% | ||||||||||||||||||
FIVE YEARS | 22.82% | 20.39% | 24.27% | 4.20% | 3.78% | 4.44% | ||||||||||||||||||
SINCE INCEPTION (1) | 38.21% | 38.38% | 38.04% | 5.02% | 5.04% | 5.00% | ||||||||||||||||||
(1) | For the period May 23, 2007 to December 31, 2013. | |
* | 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, 2014. |
37
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
38
SPDR Barclays Aggregate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
FANNIE MAE, | TREASURY NOTES, | FREDDIE MAC, | GINNIE MAE, | GINNIE MAE, | ||||||
DESCRIPTION | 3.50%, 30YR TBA | 1.50%, 6/30/2016 | 4.00%, 30YR TBA | 4.00%, 30YR TBA | 4.50%, 30YR TBA | |||||
MARKET VALUE | $10,445,859 | 10,232,001 | 7,710,937 | 7,642,852 | 7,470,312 | |||||
% OF NET ASSETS | 1.6 | 1.5 | 1.2 | 1.2 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
U.S. Treasury Obligations | 35.4 | % | ||||
Corporate Bonds & Notes | 25.0 | |||||
U.S. Government Agency Obligations | 18.2 | |||||
U.S. Government Agency MBS TBA | 15.3 | |||||
Foreign Government Obligations | 2.1 | |||||
Collateralized Mortgage Obligations | 1.0 | |||||
Municipal Bonds & Notes | 0.9 | |||||
Commercial Mortgage Backed Securities | 0.7 | |||||
Asset Backed | 0.4 | |||||
Short Term Investments | 20.3 | |||||
Other Assets & Liabilities | (19.3 | ) | ||||
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 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, 2013 is 0.3000%.*
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 0.42% | 1.02% | 0.79% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −3.59% | −3.90% | −3.03% | −3.59% | −3.90% | −3.03% | ||||||||||||||||||
THREE YEARS | 14.70% | 16.03% | 15.89% | 4.68% | 5.08% | 5.04% | ||||||||||||||||||
FIVE YEARS | 28.55% | 27.53% | 31.31% | 5.15% | 4.98% | 5.60% | ||||||||||||||||||
SINCE INCEPTION (1) | 29.63% | 29.20% | 32.69% | 4.20% | 4.15% | 4.59% | ||||||||||||||||||
(1) | For the period September 11, 2007 to December 31, 2013. | |
* | 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, 2014. |
40
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
41
SPDR Nuveen Barclays Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
ARIZONA, SALT | ||||||||||
COLORADO, | RIVER PROJECT, | |||||||||
REGIONAL | AGRICULTURAL | MILWAUKEE, WI, | CALIFORNIA, STATE | NEW YORK, | ||||||
TRANSPORTATION | IMPROVEMENT & | GENERAL OBLIGATION, | DEPARTMENT OF WATER | STATE GENERAL | ||||||
DISTRICT, SALES TAX | POWER DISTRICT | PROMISSORY NOTES, | RESOURCES, REVENUE, | OBLIGATION, | ||||||
REVENUE, SERIES A, | REVENUE, SERIES A, | SERIES N1, | SERIES L, | SERIES B, | ||||||
DESCRIPTION | 5.00%, 11/1/2027 | 5.00%, 12/1/2031 | 5.00%, 2/1/2019 | 5.00%, 5/1/2020 | 5.00%, 8/1/2021 | |||||
MARKET VALUE | $13,277,891 | 12,893,040 | 11,986,267 | 11,844,100 | 11,470,500 | |||||
% OF NET ASSETS | 1.5 | 1.4 | 1.3 | 1.3 | 1.3 | |||||
(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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 99.4 | % | ||||
Short Term Investments | 0.3 | |||||
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. |
42
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, 2013 is 0.2000%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 1.03% | 3.00% | 0.79% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −3.57% | −4.02% | −3.41% | −3.57% | −4.02% | −3.41% | ||||||||||||||||||
THREE YEARS | 21.61% | 22.91% | 20.04% | 6.74% | 7.12% | 6.28% | ||||||||||||||||||
FIVE YEARS | 36.80% | 34.76% | 36.66% | 6.47% | 6.15% | 6.45% | ||||||||||||||||||
SINCE INCEPTION (1) | 33.71% | 32.69% | 34.20% | 4.77% | 4.65% | 4.84% | ||||||||||||||||||
(1) For the period October 10, 2007 to December 31, 2013. |
43
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
44
SPDR Nuveen Barclays California Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
LOS ANGELES | ||||||||||
COUNTY, CA, | ||||||||||
CALIFORNIA, STATE | LOS ANGELES, CA, | METROPOLITAN | LOS ANGELES, CA, | LOS ANGELES, CA, | ||||||
DEPARTMENT OF | DEPARTMENT OF WATER | TRANSPORTATION | DEPARTMENT OF | DEPARTMENT OF | ||||||
WATER RESOURCES, | & POWER REVENUE, | AUTHORITY, SALES | AIRPORTS REVENUE, | WATER & POWER, | ||||||
SERIES M, | SERIES C, | TAX REVENUE, | SERIES B, | SERIES A, | ||||||
DESCRIPTION | 4.00%, 5/1/2019 | 5.00%, 1/1/2016 | 5.00%, 6/1/2020 | 5.00%, 5/15/2035 | 5.00%, 7/1/2041 | |||||
MARKET VALUE | $2,261,240 | 2,165,560 | 2,024,173 | 1,817,707 | 1,807,242 | |||||
% OF NET ASSETS | 2.9 | 2.8 | 2.6 | 2.3 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 101.4 | % | ||||
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. |
45
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, 2013 is 0.2000%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS MANAGED | BARCLAYS MANAGED | |||||||||||||||||||||||
NET ASSET | MARKET | MONEY MUNICIPAL | NET ASSET | MARKET | MONEY MUNICIPAL | |||||||||||||||||||
VALUE | VALUE | NEW YORK INDEX | VALUE | VALUE | NEW YORK INDEX | |||||||||||||||||||
SIX MONTHS | 0.44% | 0.08% | 0.42% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −3.80% | −4.63% | −3.53% | −3.80% | −4.63% | −3.53% | ||||||||||||||||||
THREE YEARS | 14.58% | 15.02% | 15.72% | 4.64% | 4.78% | 4.99% | ||||||||||||||||||
FIVE YEARS | 30.49% | 31.80% | 33.34% | 5.47% | 5.68% | 5.92% | ||||||||||||||||||
SINCE INCEPTION (1) | 28.79% | 27.54% | 30.83% | 4.15% | 3.99% | 4.41% | ||||||||||||||||||
(1) For the period October 11, 2007 to December 31, 2013. |
46
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
47
SPDR Nuveen Barclays New York Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
NEW YORK, | WESTCHESTER | |||||||||
STATE DORMITORY | COUNTY, NY, | NEW YORK, | NEW YORK, NY, CITY | |||||||
AUTHORITY, SALES | GENERAL | STATE POWER | TRANSITIONAL FINANCE | |||||||
TAX REVENUE, | OBLIGATION, | AUTHORITY REVENUE, | AUTHORITY, FUTURE TAX | SUFFOLK COUNTY, NY, | ||||||
SERIES A, | SERIES B, | SERIES A, | SECURED REVENUE, | WATER AUTHORITY, | ||||||
DESCRIPTION | 4.13%, 3/15/2033 | 3.00%, 6/1/2017 | 5.00%, 11/15/2022 | 5.00%, 11/1/2020 | 5.00%, 6/1/2021 | |||||
MARKET VALUE | $886,455 | 655,068 | 585,750 | 584,740 | 583,620 | |||||
% OF NET ASSETS | 3.7 | 2.7 | 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.)
ASSET ALLOCATION AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 101.8 | % | ||||
Short Term Investments | 0.1 | |||||
Other Assets & Liabilities | (1.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
48
SPDR Nuveen 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, 2013 is 0.2000%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS MANAGED | BARCLAYS MANAGED | |||||||||||||||||||||||
NET ASSET | MARKET | MONEY MUNICIPAL | NET ASSET | MARKET | MONEY MUNICIPAL | |||||||||||||||||||
VALUE | VALUE | SHORT TERM INDEX | VALUE | VALUE | SHORT TERM INDEX | |||||||||||||||||||
SIX MONTHS | 1.45% | 2.14% | 1.52% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 0.89% | 0.90% | 1.17% | 0.89% | 0.90% | 1.17% | ||||||||||||||||||
THREE YEARS | 5.74% | 6.30% | 6.70% | 1.88% | 2.06% | 2.18% | ||||||||||||||||||
FIVE YEARS | 12.78% | 11.78% | 14.77% | 2.43% | 2.25% | 2.79% | ||||||||||||||||||
SINCE INCEPTION (1) | 20.46% | 20.67% | 23.77% | 3.03% | 3.06% | 3.48% | ||||||||||||||||||
(1) | For the period October 10, 2007 to December 31, 2013. |
49
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 VALUE)
Past Performance is not a guarantee of future results.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
50
SPDR Nuveen Barclays Short Term Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
MARYLAND, | FLORIDA, | MINNESOTA, | ||||||||
STATE GENERAL | PENNSYLVANIA, | MICHIGAN, | STATE HURRICANE | STATE GENERAL | ||||||
OBLIGATION, | STATE GENERAL | STATE GENERAL | CATASTROPHE FUND | OBLIGATION, | ||||||
SERIES A, | OBLIGATION, | OBLIGATION, | REVENUE, SERIES A, | SERIES D, | ||||||
DESCRIPTION | 5.00%, 3/1/2018 | 5.00%, 7/1/2017 | 5.00%, 11/1/2017 | 5.00%, 7/1/2016 | 5.00%, 10/1/2018 | |||||
MARKET VALUE | $26,156,351 | 23,978,640 | 23,424,171 | 22,255,189 | 21,663,323 | |||||
% OF NET ASSETS | 1.2 | 1.1 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 97.4 | % | ||||
Short Term Investments | 0.4 | |||||
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. |
51
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, 2013 is 0.2000%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | −0.03% | 0.50% | 0.05% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −0.01% | 0.69% | 0.12% | −0.01% | 0.69% | 0.12% | ||||||||||||||||||
THREE YEARS | 1.04% | 1.16% | 0.66% | 0.35% | 0.39% | 0.22% | ||||||||||||||||||
SINCE INCEPTION (1) | 1.66% | 1.63% | 1.09% | 0.39% | 0.38% | 0.25% | ||||||||||||||||||
(1) | For the period September 23, 2009 to December 31, 2013. |
52
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
53
SPDR Nuveen S&P VRDO Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
PENNSYLVANIA, | ||||||||||
DELAWARE VALLEY | ||||||||||
ALASKA, STATE | BROOMFIELD, CO, | PASADENA, CA, | REGIONAL | NEW YORK, NY, | ||||||
HOUSING FINANCE | URBAN RENEWAL | CERTIFICATES | FINANCING | CITY MUNICIPAL WATER | ||||||
CORP. REVENUE, | AUTHORITY, TAX | PARTICIPATION, | AUTHORITY | FINANCE AUTHORITY | ||||||
SERIES D, | REVENUE, | SERIES A, | REVENUE SERIES B, | REVENUE, SERIES F-2, | ||||||
DESCRIPTION | 0.23%, 12/1/2041 | 0.14%, 12/1/2030 | 0.04%, 2/1/2035 | 0.30%, 6/1/2042 | 0.06%, 6/15/2033 | |||||
MARKET VALUE | $400,000 | 400,000 | 400,000 | 400,000 | 400,000 | |||||
% OF NET ASSETS | 4.4 | 4.4 | 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.)
ASSET ALLOCATION AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 95.5 | % | ||||
Short Term Investments | 0.1 | |||||
Other Assets & Liabilities | 4.4 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
54
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, 2013 is 0.5000%.*
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P | S&P | |||||||||||||||||||||||
NET ASSET | MARKET | MUNICIPAL | NET ASSET | MARKET | MUNICIPAL | |||||||||||||||||||
VALUE | VALUE | YIELD INDEX | VALUE | VALUE | YIELD INDEX | |||||||||||||||||||
SIX MONTHS | −2.61% | −2.29% | −2.63% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −6.99% | −7.64% | −4.42% | −6.99% | −7.64% | −4.42% | ||||||||||||||||||
SINCE INCEPTION (1) | 19.23% | 17.64% | 22.88% | 6.68% | 6.15% | 7.87% | ||||||||||||||||||
(1) | For the period April 13, 2011 to December 31, 2013. | |
* | 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, 2014. |
55
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
56
SPDR Nuveen S&P High Yield Municipal Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
TOBACCO | ||||||||||
SECURITIZATION | ||||||||||
GEORGIA, STATE | AUTHORITY OF | |||||||||
MARTIN COUNTY, FL, | LOCAL GOVERNMENT, | PALOMAR POMERADO, CA, | SOUTHERN | |||||||
HEALTH FACILITIES | CERTIFICATES OF | HEALTH CARE DISTRICT, | CALIFORNIA, TOBACCO | |||||||
AUTHORITY, REVENUE, | PARTICIPATION, | CERTIFICATES | SETTLEMENT | AMERICAN AIRLINES | ||||||
SERIES B, | SERIES A, | OF PARTICIPATION, | REVENUE, SERIES A1, | GROUP, INC., | ||||||
DESCRIPTION | 5.00%, 11/15/2028 | 4.75%, 6/1/2028 | 6.00%, 11/1/2041 | 5.13%, 6/1/2046 | 6.25%,12/31/2049 | |||||
MARKET VALUE | $1,975,100 | 1,913,524 | 1,852,580 | 1,820,431 | 1,788,636 | |||||
% OF NET ASSETS | 1.1 | 1.1 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 98.2 | % | ||||
Corporate Bonds & Notes | 1.0 | |||||
Short Term Investments | 1.5 | |||||
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. |
57
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 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 (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, 2013 is 0.3500%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | BARCLAYS BUILD | NET ASSET | MARKET | BARCLAYS BUILD | |||||||||||||||||||
VALUE | VALUE | AMERICA BOND INDEX | VALUE | VALUE | AMERICA BOND INDEX | |||||||||||||||||||
SIX MONTHS | −0.01% | 0.16% | 0.29% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −7.53% | −8.26% | −6.78% | −7.53% | −8.26% | −6.78% | ||||||||||||||||||
THREE YEARS | 31.67% | 30.23% | 33.83% | 9.61% | 9.20% | 10.20% | ||||||||||||||||||
SINCE INCEPTION (1) | 29.92% | 28.66% | 33.31% | 7.45% | 7.17% | 8.22% | ||||||||||||||||||
(1) For the period May 12, 2010 to December 31, 2013. |
58
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
59
SPDR Nuveen Barclays Build America Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
LOS ANGELES, CA, | SAN FRANCISCO, CA, | |||||||||
CALIFORNIA, STATE | NEW JERSEY, STATE | CALIFORNIA, STATE | UNIFIED SCHOOL | BAY AREA TOLL | ||||||
GENERAL | TURNPIKE AUTHORITY | GENERAL | DISTRICT, GENERAL | AUTHORITY, TOLL | ||||||
OBLIGATION, | REVENUE, | OBLIGATION, | OBLIGATION, | BRIDGE REVENUE, | ||||||
DESCRIPTION | 7.30%, 10/1/2039 | 7.10%, 1/1/2041 | 7.95%, 3/1/2036 | 5.75%, 7/1/2034 | 6.26%, 4/1/2049 | |||||
MARKET VALUE | $3,010,754 | 1,680,941 | 1,364,104 | 941,009 | 821,527 | |||||
% OF NET ASSETS | 6.9 | 3.9 | 3.1 | 2.2 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Municipal Bonds & Notes | 98.3 | % | ||||
Short Term Investments | 0.6 | |||||
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. |
60
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, 2013 is 0.5000%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 3.48% | 2.99% | 3.84% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −4.82% | −5.79% | −4.29% | −4.82% | −5.79% | −4.29% | ||||||||||||||||||
THREE YEARS | 11.22% | 10.72% | 13.26% | 3.61% | 3.45% | 4.24% | ||||||||||||||||||
FIVE YEARS | 40.81% | 38.01% | 44.97% | 7.08% | 6.65% | 7.71% | ||||||||||||||||||
SINCE INCEPTION (1) | 12.96% | 12.36% | 19.22% | 2.12% | 2.03% | 3.08% | ||||||||||||||||||
(1) For the period March 13, 2008 to December 31, 2013. |
61
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
62
SPDR DB International Government Inflation-Protected Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
UNITED KINGDOM | ||||||||||
REPUBLIC OF FRANCE, | REPUBLIC OF FRANCE, | REPUBLIC OF FRANCE, | REPUBLIC OF FRANCE, | TREASURY BOND, | ||||||
DESCRIPTION | 2.25%, 7/25/2020 | 1.00%, 7/25/2017 | 1.60%, 7/25/2015 | 3.15%, 7/25/2032 | 4.13%, 7/22/2030 | |||||
MARKET VALUE | $37,988,124 | 36,047,149 | 30,673,409 | 25,925,080 | 25,274,356 | |||||
% OF NET ASSETS | 4.0 | 3.8 | 3.2 | 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.)
ASSET ALLOCATION AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Foreign Government Obligations | 99.2 | % | ||||
Short Term Investments | 0.6 | |||||
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. |
63
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, 2013 is 0.3500%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS 1-3 YEAR | BARCLAYS 1-3 YEAR | |||||||||||||||||||||||
NET ASSET | MARKET | GLOBAL TREASURY | NET ASSET | MARKET | GLOBAL TREASURY | |||||||||||||||||||
VALUE | VALUE | EX-US CAPPED INDEX | VALUE | VALUE | EX-US CAPPED INDEX | |||||||||||||||||||
SIX MONTHS | 3.21% | 2.94% | 3.39% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −2.34% | −2.34% | −2.04% | −2.34% | −2.34% | −2.04% | ||||||||||||||||||
THREE YEARS | 0.01% | −0.11% | 1.17% | 0.00% | −0.04% | 0.39% | ||||||||||||||||||
SINCE INCEPTION (1) | 13.89% | 13.95% | 16.58% | 2.66% | 2.67% | 3.14% | ||||||||||||||||||
(1) | For the period January 15, 2009 to December 31, 2013. |
64
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
65
SPDR Barclays Short Term International Treasury Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
ITALY BUONI | GOVERNMENT | GOVERNMENT | GOVERNMENT | GOVERNMENT | ||||||
POLIENNALI | OF JAPAN | OF JAPAN | OF JAPAN | OF JAPAN | ||||||
DEL TESORO, | 5 YEAR BOND, | 10 YEAR BOND, | 5 YEAR BOND, | 5 YEAR BOND, | ||||||
DESCRIPTION | 2.25%, 5/15/2016 | 0.40%, 9/20/2015 | 1.80%, 3/20/2016 | 0.30%, 9/20/2016 | 0.30%, 6/20/2016 | |||||
MARKET VALUE | $7,004,641 | 5,258,535 | 4,784,747 | 4,777,874 | 4,776,747 | |||||
% OF NET ASSETS | 2.9 | 2.2 | 2.0 | 2.0 | 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.)
ASSET ALLOCATION AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Foreign Government Obligations | 96.6 | % | ||||
Short Term Investments | 0.1 | |||||
Other Assets & Liabilities | 3.3 | |||||
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 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, 2013 is 0.5000%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS GLOBAL | BARCLAYS GLOBAL | |||||||||||||||||||||||
NET ASSET | MARKET | TREASURY EX-US | NET ASSET | MARKET | TREASURY EX-US | |||||||||||||||||||
VALUE | VALUE | CAPPED INDEX | VALUE | VALUE | CAPPED INDEX | |||||||||||||||||||
SIX MONTHS | 3.51% | 3.66% | 3.79% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −3.66% | −3.53% | −3.15% | −3.66% | −3.53% | −3.15% | ||||||||||||||||||
THREE YEARS | 5.67% | 6.35% | 7.40% | 1.85% | 2.07% | 2.41% | ||||||||||||||||||
FIVE YEARS | 17.20% | 16.41% | 20.21% | 3.23% | 3.09% | 3.75% | ||||||||||||||||||
SINCE INCEPTION (1) | 26.90% | 27.20% | 32.50% | 3.89% | 3.92% | 4.61% | ||||||||||||||||||
(1) | For the period October 2, 2007 to December 31, 2013. |
67
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
68
SPDR Barclays International Treasury Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
GOVERNMENT OF | GOVERNMENT OF | GOVERNMENT OF | ||||||||
JAPAN 20 YEAR | KINGDOM OF | UNITED KINGDOM | JAPAN 10 YEAR | JAPAN 10 YEAR | ||||||
BOND, | DENMARK, | TREASURY BOND, | BOND, | BOND, | ||||||
DESCRIPTION | 2.30%, 6/20/2027 | 4.50%, 11/15/2039 | 1.00%, 9/7/2017 | 0.80%, 9/20/2023 | 0.60%, 3/20/2023 | |||||
MARKET VALUE | $18,810,641 | 17,730,477 | 16,259,064 | 14,379,035 | 14,353,280 | |||||
% OF NET ASSETS | 0.9 | 0.9 | 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.)
ASSET ALLOCATION AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Foreign Government Obligations | 97.9 | % | ||||
Short Term Investments | 0.1 | |||||
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. |
69
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 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 (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, 2013 is 0.5500%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS GLOBAL | BARCLAYS GLOBAL | |||||||||||||||||||||||
AGGREGATE EX-USD | AGGREGATE EX-USD | |||||||||||||||||||||||
NET ASSET | MARKET | > $1B: CORPORATE | NET ASSET | MARKET | > $1B: CORPORATE | |||||||||||||||||||
VALUE | VALUE | BOND INDEX | VALUE | VALUE | BOND INDEX | |||||||||||||||||||
SIX MONTHS | 8.11% | 7.82% | 8.19% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 5.08% | 4.86% | 5.43% | 5.08% | 4.86% | 5.43% | ||||||||||||||||||
THREE YEARS | 19.24% | 20.50% | 20.53% | 6.04% | 6.41% | 6.42% | ||||||||||||||||||
SINCE INCEPTION (1) | 30.47% | 31.00% | 32.53% | 7.62% | 7.74% | 8.09% | ||||||||||||||||||
(1) | For the period May 19, 2010 to December 31, 2013. |
70
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
71
SPDR Barclays International Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
COOPERATIEVE | ||||||||||
COOPERATIEVE | COOPERATIEVE | CENTRALE | ||||||||
CENTRALE RAIFFEISEN- | CENTRALE RAIFFEISEN- | RAIFFEISEN- | ||||||||
BOERENLEENBANK | BOERENLEENBANK | BOERENLEENBANK | ||||||||
BA/NETHERLANDS, | DEUTSCHE BANK AG, | DEUTSCHE BANK AG, | BA/NETHERLANDS, | BA/NETHERLANDS, | ||||||
DESCRIPTION | 3.88%, 4/20/2016 | 2.38%, 1/11/2023 | 5.13%, 8/31/2017 | 4.13%, 1/12/2021 | 4.13%, 7/14/2025 | |||||
MARKET VALUE | $1,395,326 | 1,361,155 | 1,257,800 | 1,141,491 | 1,133,711 | |||||
% OF NET ASSETS | 0.6 | 0.6 | 0.5 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 97.4 | % | ||||
Short Term Investments | 1.0 | |||||
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. |
72
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 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 (2/23/11, 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, 2013 is 0.5000%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 0.38% | 1.60% | 1.05% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −5.89% | −6.04% | −5.05% | −5.89% | −6.04% | −5.05% | ||||||||||||||||||
SINCE INCEPTION (1) | 7.82% | 8.65% | 11.03% | 2.67% | 2.95% | 3.74% | ||||||||||||||||||
(1) | For the period February 23, 2011 to December 31, 2013. |
73
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
74
SPDR Barclays Emerging Markets Local Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
BRAZIL LETRAS DO | BRAZIL LETRAS DO | BRAZIL LETRAS DO | BRAZIL NOTAS DO | |||||||
TESOURO NACIONAL, | TESOURO NACIONAL, | TESOURO NACIONAL, | TESOURO NACIONAL | KOREA TREASURY | ||||||
ZERO COUPON, | ZERO COUPON, | ZERO COUPON, | SERIES F, | BOND, | ||||||
DESCRIPTION | 7/1/2016 | 7/1/2015 | 1/1/2015 | 10.00%, 1/1/2017 | 2.75%, 12/10/2015 | |||||
MARKET VALUE | $3,307,321 | 3,305,961 | 2,185,091 | 2,137,928 | 2,096,231 | |||||
% OF NET ASSETS | 1.8 | 1.8 | 1.2 | 1.2 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Foreign Government Obligations | 95.6 | % | ||||
Short Term Investments | 0.3 | |||||
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. |
75
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, 2013 is 0.4000%.
PERFORMANCE AS OF DECEMBER 31, 2013
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 | 5.91% | 6.32% | 6.12% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 5.89% | 5.84% | 6.59% | 5.89% | 5.84% | 6.59% | ||||||||||||||||||
THREE YEARS | 26.73% | 26.24% | 30.41% | 8.22% | 8.08% | 9.25% | ||||||||||||||||||
FIVE YEARS | 117.46% | 102.18% | 145.38% | 16.81% | 15.12% | 19.66% | ||||||||||||||||||
SINCE INCEPTION (1) | 52.26% | 52.77% | 77.46% | 7.14% | 7.20% | 9.87% | ||||||||||||||||||
(1) For the period November 28, 2007 to December 31, 2013. |
76
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
77
SPDR Barclays High Yield Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
REYNOLDS | ||||||||||
GROUP ISSUER, | ||||||||||
INC./REYNOLDS | ||||||||||
GROUP ISSUER | ||||||||||
LLC/REYNOLDS | ||||||||||
FIRST DATA CORP., | SPRINT CORP., | SPRINT NEXTEL CORP., | HCA, INC., | GROUP ISSUER LU, | ||||||
DESCRIPTION | 12.63%, 1/15/2021 | 7.88%, 9/15/2023 | 9.00%, 11/15/2018 | 6.50%, 2/15/2020 | 5.75%, 10/15/2020 | |||||
MARKET VALUE | $72,176,235 | 60,289,225 | 56,315,675 | 52,136,786 | 49,488,360 | |||||
% OF NET ASSETS | 0.7 | 0.6 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 97.7 | % | ||||
Short Term Investments | 1.0 | |||||
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. |
78
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 Short Term High Yield Bond ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2013 is 0.40%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS US HIGH | BARCLAYS US HIGH | |||||||||||||||||||||||
YIELD 350MN CASH | YIELD 350MN CASH | |||||||||||||||||||||||
NET ASSET | MARKET | PAY 0-5 YR 2% | NET ASSET | MARKET | PAY 0-5 YR 2% | |||||||||||||||||||
VALUE | VALUE | CAPPED INDEX | VALUE | VALUE | CAPPED INDEX | |||||||||||||||||||
SIX MONTHS | 5.32% | 5.36% | 5.65% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 6.84% | 6.57% | 7.74% | 6.84% | 6.57% | 7.74% | ||||||||||||||||||
SINCE INCEPTION (1) | 13.61% | 14.20% | 16.33% | 7.33% | 7.64% | 8.77% | ||||||||||||||||||
(1) | For the period March 14, 2012 to December 31, 2013. |
79
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
80
SPDR Barclays Short Term High Yield Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
ICAHN ENTERPRISES | ||||||||||
LP/ICAHN ENTERPRISES | SPRINGLEAF FINANCE | CONSOL ENERGY, | ||||||||
FINANCE CORP., | CORP., | INC., | SABINE PASS LNG LP, | SPRINT NEXTEL CORP., | ||||||
DESCRIPTION | 8.00%, 1/15/2018 | 6.90%, 12/15/2017 | 8.00%, 4/1/2017 | 7.50%, 11/30/2016 | 6.00%, 12/1/2016 | |||||
MARKET VALUE | $24,284,000 | 24,253,670 | 21,359,512 | 20,724,200 | 20,024,437 | |||||
% OF NET ASSETS | 0.8 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 96.4 | % | ||||
Short Term Investments | 2.4 | |||||
Other Assets & Liabilities | 1.2 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
81
SPDR Barclays Investment Grade Floating Rate 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 ETF as stated in the Fees and Expenses table of the prospectus dated October 31, 2013 is 0.1500%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BARCLAYS U.S. | BARCLAYS U.S. | |||||||||||||||||||||||
DOLLAR FLOATING | DOLLAR FLOATING | |||||||||||||||||||||||
NET ASSET | MARKET | RATE NOTE | NET ASSET | MARKET | RATE NOTE | |||||||||||||||||||
VALUE | VALUE | < 5 YEARS INDEX | VALUE | VALUE | < 5 YEARS INDEX | |||||||||||||||||||
SIX MONTHS | 0.65% | 0.00% | 0.60% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 1.10% | 0.86% | 1.14% | 1.10% | 0.86% | 1.14% | ||||||||||||||||||
SINCE INCEPTION (1) | 4.43% | 4.75% | 5.06% | 2.10% | 2.25% | 2.39% | ||||||||||||||||||
(1) | For the period November 30, 2011 to December 31, 2013. |
82
SPDR Barclays Investment Grade Floating Rate 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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
83
SPDR Barclays Investment Grade Floating Rate ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
THE GOLDMAN SACHS | THE TORONTO- | JPMORGAN | JPMORGAN | |||||||
GROUP, INC., | DOMINION BANK, | CHASE & CO., | KOMMUNALBANKEN AS, | CHASE & CO., | ||||||
DESCRIPTION | 0.70%, 3/22/2016 | 0.42%, 5/1/2015 | 0.69%, 4/23/2015 | 0.63%, 3/27/2017 | 0.99%, 5/2/2014 | |||||
MARKET VALUE | $5,761,165 | 4,153,980 | 3,821,510 | 3,778,470 | 3,237,487 | |||||
% OF NET ASSETS | 1.6 | 1.2 | 1.1 | 1.1 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 97.6 | % | ||||
Foreign Government Obligations | 1.6 | |||||
Short Term Investments | 5.8 | |||||
Other Assets & Liabilities | (5.0 | ) | ||||
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 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, 2013 is 0.5000%.
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BOFA MERRILL LYNCH | BOFA MERRILL LYNCH | |||||||||||||||||||||||
EMERGING MARKETS | EMERGING MARKETS | |||||||||||||||||||||||
NET ASSET | MARKET | DIVERSIFIED | NET ASSET | MARKET | DIVERSIFIED | |||||||||||||||||||
VALUE | VALUE | CORPORATE INDEX | VALUE | VALUE | CORPORATE INDEX | |||||||||||||||||||
SIX MONTHS | 2.78% | 2.74% | 2.94% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −3.48% | −3.04% | −2.50% | −3.48% | −3.04% | −2.50% | ||||||||||||||||||
SINCE INCEPTION (1) | 4.74% | 4.85% | 6.26% | 3.05% | 3.13% | 4.03% | ||||||||||||||||||
(1) | For the period June 18, 2012 to December 31, 2013. |
85
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
86
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
PETROBRAS | ||||||||||
INTERNATIONAL | PETROLEOS | GAZPROM OAO VIA | VTB BANK OJSC | CEMEX ESPANA | ||||||
FINANCE CO., | MEXICANOS, | GAZ CAPITAL SA, | VIA VTB CAPITAL SA, | LUXEMBOURG, | ||||||
DESCRIPTION | 3.50%, 2/6/2017 | 5.50%, 1/21/2021 | 9.25%, 4/23/2019 | 6.00%, 4/12/2017 | 9.88%, 4/30/2019 | |||||
MARKET VALUE | $504,575 | 430,000 | 369,000 | 318,750 | 285,625 | |||||
% OF NET ASSETS | 3.5 | 3.0 | 2.5 | 2.2 | 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.)
ASSET ALLOCATION AS OF DECEMBER 31, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 98.5 | % | ||||
Short Term Investments | 14.9 | |||||
Other Assets & Liabilities | (13.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
87
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, 2013 is 0.4000%.*
PERFORMANCE AS OF DECEMBER 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
BOFA MERRILL LYNCH | BOFA MERRILL LYNCH | |||||||||||||||||||||||
US DIVERSIFIED | US DIVERSIFIED | |||||||||||||||||||||||
NET ASSET | MARKET | CROSSOVER | NET ASSET | MARKET | CROSSOVER | |||||||||||||||||||
VALUE | VALUE | CORPORATE INDEX | VALUE | VALUE | CORPORATE INDEX | |||||||||||||||||||
SIX MONTHS | 3.48% | 2.50% | 3.58% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 1.07% | −0.47% | 2.04% | 1.07% | −0.47% | 2.04% | ||||||||||||||||||
SINCE INCEPTION (1) | 8.76% | 8.19% | 9.20% | 5.61% | 5.24% | 5.90% | ||||||||||||||||||
(1) | For the period June 18, 2012 to December 31, 2013. | |
* | SSgA Funds Management, Inc. has contractually agreed to limit its management fee to the extent necessary to limit annual operating expenses to 0.30% until October 31, 2015. |
88
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.
Index returns are unmanaged and do not reflect the deduction of any fees or expenses. Index returns reflect all items of income, gain and loss and the reinvestment of dividends and other income.
89
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2013
CHESAPEAKE ENERGY | ||||||||||
CIT GROUP, INC., | SLM CORP., | CORP., | ARCELORMITTAL, | METROPCS WIRELESS, INC., | ||||||
DESCRIPTION | 4.25%, 8/15/2017 | 6.00%, 1/25/2017 | 6.63%, 8/15/2020 | 5.00%, 2/25/2017 | 6.25%, 4/1/2021 | |||||
MARKET VALUE | $260,312 | 216,500 | 195,562 | 187,687 | 181,562 | |||||
% OF NET ASSETS | 0.9 | 0.8 | 0.7 | 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, 2013*
PERCENT OF | ||||||
NET ASSETS | ||||||
Corporate Bonds & Notes | 98.2 | % | ||||
Short Term Investments | 19.1 | |||||
Other Assets & Liabilities | (17.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s asset allocation is expressed as a percentage of net assets and may change over time. |
90
SPDR Barclays 1-3 Month T-Bill ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 108.7% | ||||||||
Treasury Bills* | ||||||||
0.02%, 1/2/2014 | $ | 94,076,000 | $ | 94,076,000 | ||||
0.04%, 3/6/2014 | 172,810,000 | 172,793,097 | ||||||
0.04%, 3/13/2014 | 120,124,000 | 120,113,808 | ||||||
0.04%, 2/6/2014 | 174,917,000 | 174,913,850 | ||||||
0.05%, 2/20/2014 | 120,124,000 | 120,120,664 | ||||||
0.05%, 2/13/2014 | 122,232,000 | 122,230,834 | ||||||
0.05%, 3/20/2014 | 120,124,000 | 120,108,384 | ||||||
0.06%, 3/27/2014 | 120,124,000 | 120,104,718 | ||||||
0.06%, 2/27/2014 | 120,124,000 | 120,119,629 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $1,164,577,489) | 1,164,580,984 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Liquid Reserves Fund 0.06% (a)(b)(c) (Cost $831,804) | 831,804 | 831,804 | ||||||
TOTAL INVESTMENTS — 108.8% (d) | ||||||||
(Cost $1,165,409,293) | 1,165,412,788 | |||||||
OTHER ASSETS & LIABILITIES — (8.8)% | (94,171,899 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,071,240,889 | ||||||
* | 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) |
See accompanying notes to financial statements.
91
SPDR Barclays TIPS ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 99.5% | ||||||||
Treasury Inflation Protected Indexed Bonds | ||||||||
0.75%, 2/15/2042 | $ | 14,365,847 | $ | 11,584,763 | ||||
1.75%, 1/15/2028 | 10,474,421 | 11,245,234 | ||||||
2.00%, 1/15/2026 | 14,142,698 | 15,694,011 | ||||||
2.13%, 2/15/2040 | 9,850,959 | 11,085,383 | ||||||
2.13%, 2/15/2041 | 15,372,228 | 17,300,981 | ||||||
2.38%, 1/15/2025 | 20,849,156 | 24,018,854 | ||||||
2.38%, 1/15/2027 | 11,470,745 | 13,257,657 | ||||||
2.50%, 1/15/2029 | 9,250,183 | 10,892,090 | ||||||
3.38%, 4/15/2032 (a) | 3,963,380 | 5,287,387 | ||||||
3.63%, 4/15/2028 | 14,563,588 | 19,312,628 | ||||||
3.88%, 4/15/2029 | 16,645,786 | 22,861,988 | ||||||
Treasury Inflation Protected Indexed Notes | ||||||||
0.13%, 4/15/2016 | 24,395,717 | 25,066,599 | ||||||
0.13%, 4/15/2017 | 27,454,428 | 28,239,350 | ||||||
0.13%, 4/15/2018 | 30,356,290 | 30,972,826 | ||||||
0.13%, 1/15/2022 | 25,599,656 | 24,627,637 | ||||||
0.13%, 7/15/2022 | 25,023,134 | 23,986,926 | ||||||
0.13%, 1/15/2023 | 24,929,945 | 23,570,515 | ||||||
0.38%, 7/15/2023 | 24,726,755 | 23,868,984 | ||||||
0.50%, 4/15/2015 | 13,752,382 | 14,064,011 | ||||||
0.63%, 7/15/2021 | 22,318,852 | 22,677,963 | ||||||
0.63%, 2/15/2043 | 14,040,795 | 10,828,963 | ||||||
1.13%, 1/15/2021 | 23,532,610 | 24,757,012 | ||||||
1.25%, 7/15/2020 | 20,838,115 | 22,319,497 | ||||||
1.38%, 7/15/2018 | 9,746,030 | 10,572,883 | ||||||
1.38%, 1/15/2020 | 12,314,140 | 13,239,670 | ||||||
1.63%, 1/15/2015 | 13,624,132 | 14,045,662 | ||||||
1.63%, 1/15/2018 (a) | 10,995,077 | 11,958,905 | ||||||
1.88%, 7/15/2015 | 12,266,103 | 12,938,776 | ||||||
1.88%, 7/15/2019 | 9,985,055 | 11,105,278 | ||||||
2.00%, 1/15/2016 | 12,020,943 | 12,817,331 | ||||||
2.13%, 1/15/2019 (a) | 9,647,257 | 10,779,266 | ||||||
2.38%, 1/15/2017 | 12,005,830 | 13,221,420 | ||||||
2.50%, 7/15/2016 (a) | 13,899,336 | 15,261,054 | ||||||
2.63%, 7/15/2017 (a) | 9,480,973 | 10,673,490 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $588,616,603) | 574,134,994 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 3.4% | ||||||||
MONEY MARKET FUNDS — 3.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (b)(c) | 19,539,431 | 19,539,431 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (c)(d) | 297,680 | 297,680 | ||||||
TOTAL SHORT TERM INVESTMENTS — (e) | ||||||||
(Cost $19,837,111) | 19,837,111 | |||||||
TOTAL INVESTMENTS — 102.9% (f) | ||||||||
(Cost $608,453,714) | 593,972,105 | |||||||
OTHER ASSETS & LIABILITIES — (2.9)% | (16,775,642 | ) | ||||||
NET ASSETS — 100.0% | $ | 577,196,463 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
92
SPDR Barclays 1-10 Year TIPS ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 99.5% | ||||||||
Treasury Inflation Protected Indexed Notes | ||||||||
0.13%, 4/15/2016 | $ | 583,043 | $ | 599,076 | ||||
0.13%, 4/15/2017 | 656,077 | 674,834 | ||||||
0.13%, 4/15/2018 | 725,440 | 740,174 | ||||||
0.13%, 1/15/2022 (a) | 611,947 | 588,712 | ||||||
0.13%, 7/15/2022 | 598,232 | 573,460 | ||||||
0.13%, 1/15/2023 | 596,005 | 563,505 | ||||||
0.38%, 7/15/2023 (a) | 591,146 | 570,639 | ||||||
0.50%, 4/15/2015 | 328,721 | 336,169 | ||||||
0.63%, 7/15/2021 (a) | 533,697 | 542,284 | ||||||
1.13%, 1/15/2021 (a) | 562,691 | 591,967 | ||||||
1.25%, 7/15/2020 | 498,007 | 533,411 | ||||||
1.38%, 7/15/2018 | 232,874 | 252,631 | ||||||
1.38%, 1/15/2020 | 294,865 | 317,027 | ||||||
1.63%, 1/15/2015 | 325,375 | 335,442 | ||||||
1.63%, 1/15/2018 | 263,115 | 286,180 | ||||||
1.88%, 7/15/2015 (a) | 292,994 | 309,062 | ||||||
1.88%, 7/15/2019 (a) | 238,469 | 265,223 | ||||||
2.00%, 1/15/2016 (a) | 287,138 | 306,161 | ||||||
2.13%, 1/15/2019 | 230,630 | 257,692 | ||||||
2.38%, 1/15/2017 | 287,232 | 316,315 | ||||||
2.50%, 7/15/2016 (a) | 331,928 | 364,447 | ||||||
2.63%, 7/15/2017 | 226,516 | 255,007 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $9,889,245) | 9,579,418 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 19.4% | ||||||||
MONEY MARKET FUNDS — 19.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (b)(c) | 1,854,253 | 1,854,253 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (c)(d) | 14,472 | 14,472 | ||||||
TOTAL SHORT TERM INVESTMENTS — (e) | ||||||||
(Cost $1,868,725) | 1,868,725 | |||||||
TOTAL INVESTMENTS — 118.9% (f) | ||||||||
(Cost $11,757,970) | 11,448,143 | |||||||
OTHER ASSETS & LIABILITIES — (18.9)% | (1,822,996 | ) | ||||||
NET ASSETS — 100.0% | $ | 9,625,147 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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 Short Term Treasury ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 99.4% | ||||||||
Treasury Bonds | ||||||||
7.25%, 5/15/2016 | $ | 91,000 | $ | 105,383 | ||||
7.50%, 11/15/2016 (a) | 70,000 | 83,433 | ||||||
8.75%, 5/15/2017 | 35,000 | 43,990 | ||||||
8.88%, 8/15/2017 | 35,000 | 44,658 | ||||||
9.00%, 11/15/2018 | 25,000 | 33,631 | ||||||
9.13%, 5/15/2018 | 15,000 | 19,895 | ||||||
9.25%, 2/15/2016 | 21,000 | 24,905 | ||||||
9.88%, 11/15/2015 | 21,000 | 24,719 | ||||||
10.63%, 8/15/2015 | 14,000 | 16,331 | ||||||
11.25%, 2/15/2015 | 42,000 | 47,187 | ||||||
Treasury Notes | ||||||||
0.13%, 4/30/2015 | 190,000 | 189,770 | ||||||
0.25%, 1/15/2015 | 161,000 | 161,138 | ||||||
0.25%, 1/31/2015 (a) | 200,000 | 200,164 | ||||||
0.25%, 2/15/2015 (a) | 175,000 | 175,122 | ||||||
0.25%, 2/28/2015 | 175,000 | 175,116 | ||||||
0.25%, 3/31/2015 | 175,000 | 175,089 | ||||||
0.25%, 5/15/2015 | 200,000 | 200,126 | ||||||
0.25%, 5/31/2015 | 175,000 | 175,084 | ||||||
0.25%, 7/15/2015 | 175,000 | 174,998 | ||||||
0.25%, 7/31/2015 | 182,000 | 182,002 | ||||||
0.25%, 8/15/2015 | 155,000 | 154,943 | ||||||
0.25%, 9/15/2015 | 175,000 | 174,849 | ||||||
0.25%, 9/30/2015 (a) | 175,000 | 174,830 | ||||||
0.25%, 10/15/2015 | 140,000 | 139,811 | ||||||
0.25%, 10/31/2015 | 175,000 | 174,748 | ||||||
0.25%, 11/30/2015 (a) | 175,000 | 174,652 | ||||||
0.25%, 12/15/2015 | 175,000 | 174,610 | ||||||
0.25%, 12/31/2015 | 125,000 | 124,488 | ||||||
0.25%, 4/15/2016 | 175,000 | 174,074 | ||||||
0.25%, 5/15/2016 | 175,000 | 173,924 | ||||||
0.38%, 3/15/2015 | 175,000 | 175,354 | ||||||
0.38%, 4/15/2015 | 175,000 | 175,397 | ||||||
0.38%, 6/15/2015 | 161,000 | 161,351 | ||||||
0.38%, 6/30/2015 | 175,000 | 175,359 | ||||||
0.38%, 8/31/2015 | 175,000 | 175,256 | ||||||
0.38%, 11/15/2015 (a) | 140,000 | 140,092 | ||||||
0.38%, 1/15/2016 | 175,000 | 174,930 | ||||||
0.38%, 2/15/2016 (a) | 140,000 | 139,885 | ||||||
0.38%, 3/15/2016 | 155,000 | 154,764 | ||||||
0.50%, 6/15/2016 | 155,000 | 154,836 | ||||||
0.50%, 12/15/2016 | 100,000 | 99,590 | ||||||
0.50%, 7/31/2017 | 175,000 | 171,320 | ||||||
0.63%, 7/15/2016 | 175,000 | 175,206 | ||||||
0.63%, 8/15/2016 | 151,000 | 151,018 | ||||||
0.63%, 10/15/2016 | 150,000 | 149,729 | ||||||
0.63%, 11/15/2016 (a) | 160,000 | 159,509 | ||||||
0.63%, 5/31/2017 | 175,000 | 172,730 | ||||||
0.63%, 8/31/2017 | 175,000 | 171,721 | ||||||
0.63%, 9/30/2017 | 140,000 | 137,056 | ||||||
0.63%, 11/30/2017 | 175,000 | 170,639 | ||||||
0.63%, 4/30/2018 | 175,000 | 168,772 | ||||||
0.75%, 6/30/2017 | 175,000 | 173,182 | ||||||
0.75%, 10/31/2017 | 175,000 | 171,815 | ||||||
0.75%, 12/31/2017 | 210,000 | 205,344 | ||||||
0.75%, 2/28/2018 | 175,000 | 170,392 | ||||||
0.75%, 3/31/2018 | 175,000 | 170,023 | ||||||
0.88%, 9/15/2016 | 151,000 | 151,903 | ||||||
0.88%, 11/30/2016 | 182,000 | 182,595 | ||||||
0.88%, 12/31/2016 | 189,000 | 189,425 | ||||||
0.88%, 1/31/2017 | 175,000 | 175,187 | ||||||
0.88%, 2/28/2017 | 196,000 | 195,963 | ||||||
0.88%, 4/30/2017 | 200,000 | 199,410 | ||||||
0.88%, 1/31/2018 | 140,000 | 137,315 | ||||||
1.00%, 8/31/2016 | 168,000 | 169,574 | ||||||
1.00%, 9/30/2016 | 168,000 | 169,457 | ||||||
1.00%, 10/31/2016 | 203,000 | 204,547 | ||||||
1.00%, 3/31/2017 | 210,000 | 210,475 | ||||||
1.00%, 5/31/2018 | 155,000 | 151,618 | ||||||
1.25%, 8/31/2015 | 175,000 | 177,798 | ||||||
1.25%, 9/30/2015 | 210,000 | 213,314 | ||||||
1.25%, 10/31/2015 | 175,000 | 177,907 | ||||||
1.25%, 10/31/2018 (a) | 150,000 | 147,059 | ||||||
1.25%, 11/30/2018 (a) | 175,000 | 171,244 | ||||||
1.38%, 11/30/2015 | 175,000 | 178,398 | ||||||
1.38%, 6/30/2018 | 175,000 | 173,666 | ||||||
1.38%, 7/31/2018 | 175,000 | 173,421 | ||||||
1.38%, 9/30/2018 | 300,000 | 296,301 | ||||||
1.38%, 11/30/2018 (a) | 75,000 | 73,883 | ||||||
1.38%, 12/31/2018 | 100,000 | 98,344 | ||||||
1.50%, 6/30/2016 | 182,000 | 186,222 | ||||||
1.50%, 7/31/2016 | 168,000 | 171,822 | ||||||
1.50%, 8/31/2018 | 250,000 | 248,727 | ||||||
1.50%, 12/31/2018 | 150,000 | 149,595 | ||||||
1.75%, 7/31/2015 | 189,000 | 193,417 | ||||||
1.75%, 5/31/2016 | 99,000 | 101,872 | ||||||
1.75%, 10/31/2018 | 50,000 | 50,222 | ||||||
1.88%, 6/30/2015 | 211,000 | 216,140 | ||||||
1.88%, 8/31/2017 (a) | 175,000 | 179,659 | ||||||
1.88%, 9/30/2017 | 140,000 | 143,587 | ||||||
1.88%, 10/31/2017 | 105,000 | 107,633 | ||||||
2.00%, 1/31/2016 | 168,000 | 173,529 | ||||||
2.00%, 4/30/2016 | 154,000 | 159,327 | ||||||
2.13%, 5/31/2015 | 239,000 | 245,379 | ||||||
2.13%, 12/31/2015 | 168,000 | 173,774 | ||||||
2.13%, 2/29/2016 | 105,000 | 108,835 | ||||||
2.25%, 1/31/2015 | 238,000 | 243,307 | ||||||
2.25%, 3/31/2016 (a) | 105,000 | 109,200 | ||||||
2.25%, 11/30/2017 | 105,000 | 108,993 | ||||||
2.25%, 7/31/2018 | 35,000 | 36,084 | ||||||
2.38%, 2/28/2015 | 266,000 | 272,682 | ||||||
2.38%, 3/31/2016 | 105,000 | 109,532 | ||||||
2.38%, 7/31/2017 | 105,000 | 109,724 | ||||||
2.38%, 5/31/2018 (a) | 70,000 | 72,669 | ||||||
2.38%, 6/30/2018 | 70,000 | 72,597 | ||||||
2.50%, 3/31/2015 | 218,000 | 224,200 | ||||||
2.50%, 4/30/2015 | 210,000 | 216,348 | ||||||
2.50%, 6/30/2017 | 140,000 | 146,938 | ||||||
2.63%, 2/29/2016 | 84,000 | 88,000 | ||||||
2.63%, 4/30/2016 | 91,000 | 95,459 | ||||||
2.63%, 1/31/2018 | 70,000 | 73,613 | ||||||
2.63%, 4/30/2018 (a) | 50,000 | 52,482 | ||||||
2.75%, 11/30/2016 | 147,000 | 155,372 | ||||||
2.75%, 5/31/2017 (a) | 70,000 | 74,110 | ||||||
2.75%, 12/31/2017 | 84,000 | 88,784 | ||||||
2.75%, 2/28/2018 | 70,000 | 73,950 |
See accompanying notes to financial statements.
94
SPDR Barclays Short Term Treasury ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
2.88%, 3/31/2018 | $ | 70,000 | $ | 74,196 | ||||
3.00%, 8/31/2016 | 154,000 | 163,583 | ||||||
3.00%, 9/30/2016 | 126,000 | 133,928 | ||||||
3.00%, 2/28/2017 | 105,000 | 111,879 | ||||||
3.13%, 10/31/2016 | 175,000 | 186,755 | ||||||
3.13%, 1/31/2017 (a) | 161,000 | 172,122 | ||||||
3.13%, 4/30/2017 | 85,000 | 91,004 | ||||||
3.25%, 5/31/2016 | 77,000 | 82,000 | ||||||
3.25%, 6/30/2016 | 112,000 | 119,491 | ||||||
3.25%, 7/31/2016 | 154,000 | 164,418 | ||||||
3.25%, 12/31/2016 | 126,000 | 135,146 | ||||||
3.25%, 3/31/2017 | 140,000 | 150,489 | ||||||
3.50%, 2/15/2018 | 140,000 | 152,006 | ||||||
3.75%, 11/15/2018 | 150,000 | 164,645 | ||||||
3.88%, 5/15/2018 | 70,000 | 77,162 | ||||||
4.00%, 2/15/2015 | 175,000 | 182,450 | ||||||
4.00%, 8/15/2018 | 75,000 | 83,198 | ||||||
4.13%, 5/15/2015 | 147,000 | 154,835 | ||||||
4.25%, 8/15/2015 | 168,000 | 178,765 | ||||||
4.25%, 11/15/2017 (a) | 105,000 | 116,922 | ||||||
4.50%, 11/15/2015 (a) | 140,000 | 150,844 | ||||||
4.50%, 2/15/2016 | 133,000 | 144,507 | ||||||
4.50%, 5/15/2017 | 91,000 | 101,558 | ||||||
4.63%, 11/15/2016 | 126,000 | 139,860 | ||||||
4.63%, 2/15/2017 | 91,000 | 101,483 | ||||||
4.75%, 8/15/2017 | 70,000 | 79,094 | ||||||
4.88%, 8/15/2016 | 112,000 | 124,419 | ||||||
5.13%, 5/15/2016 | 98,000 | 108,589 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $20,866,388) | 20,836,876 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 7.9% | ||||||||
MONEY MARKET FUNDS — 7.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (b)(c) | 1,007,259 | 1,007,259 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (c)(d) | 657,347 | 657,347 | ||||||
TOTAL SHORT TERM INVESTMENTS — (e) | ||||||||
(Cost $1,664,606) | 1,664,606 | |||||||
TOTAL INVESTMENTS — 107.3% (f) | ||||||||
(Cost $22,530,994) | 22,501,482 | |||||||
OTHER ASSETS & LIABILITIES — (7.3)% | (1,538,104 | ) | ||||||
NET ASSETS — 100.0% | $ | 20,963,378 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
95
SPDR Barclays Intermediate Term Treasury ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 100.5% | ||||||||
Treasury Bonds | ||||||||
6.25%, 8/15/2023 (a) | $ | 210,000 | $ | 269,734 | ||||
7.13%, 2/15/2023 | 187,000 | 252,143 | ||||||
7.25%, 5/15/2016 | 363,000 | 420,376 | ||||||
7.25%, 8/15/2022 | 178,000 | 240,466 | ||||||
7.50%, 11/15/2016 (a) | 235,000 | 280,096 | ||||||
7.63%, 11/15/2022 | 158,000 | 218,912 | ||||||
7.88%, 2/15/2021 (a) | 122,000 | 165,959 | ||||||
8.00%, 11/15/2021 | 298,000 | 413,892 | ||||||
8.13%, 8/15/2019 | 275,000 | 366,352 | ||||||
8.13%, 5/15/2021 | 56,000 | 77,512 | ||||||
8.13%, 8/15/2021 (a) | 56,000 | 77,892 | ||||||
8.50%, 2/15/2020 | 122,000 | 167,230 | ||||||
8.75%, 5/15/2017 | 188,000 | 236,292 | ||||||
8.75%, 5/15/2020 (a) | 100,000 | 139,514 | ||||||
8.75%, 8/15/2020 (a) | 187,000 | 262,398 | ||||||
8.88%, 8/15/2017 | 122,000 | 155,663 | ||||||
8.88%, 2/15/2019 (a) | 188,000 | 254,099 | ||||||
9.00%, 11/15/2018 | 144,000 | 193,716 | ||||||
9.13%, 5/15/2018 | 199,000 | 263,940 | ||||||
9.25%, 2/15/2016 | 145,000 | 171,963 | ||||||
9.88%, 11/15/2015 | 167,000 | 196,576 | ||||||
10.63%, 8/15/2015 | 103,000 | 120,148 | ||||||
11.25%, 2/15/2015 | 320,000 | 359,517 | ||||||
Treasury Notes | ||||||||
0.13%, 4/30/2015 | 1,022,000 | 1,020,763 | ||||||
0.25%, 1/15/2015 | 629,000 | 629,541 | ||||||
0.25%, 1/31/2015 (a) | 936,000 | 936,768 | ||||||
0.25%, 2/15/2015 | 2,472,000 | 2,473,730 | ||||||
0.25%, 2/28/2015 (a) | 1,760,000 | 1,761,162 | ||||||
0.25%, 3/31/2015 | 1,784,000 | 1,784,910 | ||||||
0.25%, 5/15/2015 | 1,013,000 | 1,013,638 | ||||||
0.25%, 5/31/2015 | 1,022,000 | 1,022,491 | ||||||
0.25%, 7/15/2015 | 843,000 | 842,992 | ||||||
0.25%, 7/31/2015 | 1,030,000 | 1,030,010 | ||||||
0.25%, 8/15/2015 | 1,534,000 | 1,533,432 | ||||||
0.25%, 9/15/2015 | 784,000 | 783,326 | ||||||
0.25%, 9/30/2015 (a) | 848,000 | 847,177 | ||||||
0.25%, 10/15/2015 | 784,000 | 782,942 | ||||||
0.25%, 10/31/2015 | 676,000 | 675,027 | ||||||
0.25%, 11/30/2015 (a) | 848,000 | 846,312 | ||||||
0.25%, 12/15/2015 | 784,000 | 782,252 | ||||||
0.25%, 12/31/2015 | 1,000,000 | 995,900 | ||||||
0.25%, 4/15/2016 | 784,000 | 779,853 | ||||||
0.25%, 5/15/2016 | 942,000 | 936,207 | ||||||
0.38%, 3/15/2015 | 878,000 | 879,774 | ||||||
0.38%, 4/15/2015 | 1,062,000 | 1,064,411 | ||||||
0.38%, 6/15/2015 | 827,000 | 828,803 | ||||||
0.38%, 6/30/2015 | 1,760,000 | 1,763,608 | ||||||
0.38%, 8/31/2015 | 760,000 | 761,110 | ||||||
0.38%, 11/15/2015 (a) | 784,000 | 784,518 | ||||||
0.38%, 1/15/2016 | 760,000 | 759,696 | ||||||
0.38%, 2/15/2016 (a) | 760,000 | 759,377 | ||||||
0.38%, 3/15/2016 | 784,000 | 782,808 | ||||||
0.50%, 6/15/2016 | 2,620,000 | 2,617,223 | ||||||
0.50%, 12/15/2016 | 1,000,000 | 995,900 | ||||||
0.50%, 7/31/2017 | 1,590,000 | 1,556,562 | ||||||
0.63%, 7/15/2016 | 690,000 | 690,814 | ||||||
0.63%, 8/15/2016 | 760,000 | 760,091 | ||||||
0.63%, 10/15/2016 | 1,508,000 | 1,505,271 | ||||||
0.63%, 11/15/2016 (a) | 634,000 | 632,054 | ||||||
0.63%, 5/31/2017 | 1,670,000 | 1,648,340 | ||||||
0.63%, 8/31/2017 | 1,534,000 | 1,505,253 | ||||||
0.63%, 9/30/2017 | 690,000 | 675,489 | ||||||
0.63%, 11/30/2017 | 1,550,000 | 1,511,374 | ||||||
0.63%, 4/30/2018 | 746,000 | 719,450 | ||||||
0.75%, 6/30/2017 | 837,000 | 828,304 | ||||||
0.75%, 10/31/2017 | 1,588,000 | 1,559,098 | ||||||
0.75%, 12/31/2017 | 670,000 | 655,146 | ||||||
0.75%, 2/28/2018 | 760,000 | 739,989 | ||||||
0.75%, 3/31/2018 | 784,000 | 761,703 | ||||||
0.88%, 9/15/2016 | 848,000 | 853,071 | ||||||
0.88%, 11/30/2016 | 919,000 | 922,005 | ||||||
0.88%, 12/31/2016 | 1,699,000 | 1,702,823 | ||||||
0.88%, 1/31/2017 | 820,000 | 820,877 | ||||||
0.88%, 2/28/2017 | 1,650,000 | 1,649,687 | ||||||
0.88%, 4/30/2017 | 1,670,000 | 1,665,074 | ||||||
0.88%, 1/31/2018 | 647,000 | 634,591 | ||||||
0.88%, 7/31/2019 | 356,000 | 335,270 | ||||||
1.00%, 8/31/2016 | 919,000 | 927,611 | ||||||
1.00%, 9/30/2016 | 2,627,000 | 2,649,776 | ||||||
1.00%, 10/31/2016 | 1,627,000 | 1,639,398 | ||||||
1.00%, 3/31/2017 | 847,000 | 848,914 | ||||||
1.00%, 5/31/2018 | 1,639,000 | 1,603,237 | ||||||
1.00%, 6/30/2019 | 406,000 | 386,074 | ||||||
1.00%, 8/31/2019 | 534,000 | 505,030 | ||||||
1.00%, 9/30/2019 | 550,000 | 519,244 | ||||||
1.00%, 11/30/2019 | 550,000 | 516,752 | ||||||
1.13%, 5/31/2019 | 430,000 | 412,821 | ||||||
1.13%, 12/31/2019 | 708,000 | 668,706 | ||||||
1.13%, 3/31/2020 | 639,000 | 598,781 | ||||||
1.13%, 4/30/2020 | 708,000 | 661,711 | ||||||
1.25%, 8/31/2015 | 891,000 | 905,247 | ||||||
1.25%, 9/30/2015 | 883,000 | 896,934 | ||||||
1.25%, 10/31/2015 | 898,000 | 912,916 | ||||||
1.25%, 10/31/2018 (a) | 718,000 | 703,920 | ||||||
1.25%, 11/30/2018 (a) | 1,676,000 | 1,640,033 | ||||||
1.25%, 1/31/2019 (a) | 502,000 | 489,581 | ||||||
1.25%, 4/30/2019 | 335,000 | 324,592 | ||||||
1.25%, 10/31/2019 (a) | 321,000 | 307,014 | ||||||
1.25%, 2/29/2020 | 617,000 | 584,058 | ||||||
1.38%, 11/30/2015 | 928,000 | 946,022 | ||||||
1.38%, 6/30/2018 | 690,000 | 684,742 | ||||||
1.38%, 7/31/2018 | 690,000 | 683,776 | ||||||
1.38%, 9/30/2018 | 1,873,000 | 1,849,906 | ||||||
1.38%, 11/30/2018 (a) | 343,000 | 337,889 | ||||||
1.38%, 12/31/2018 | 431,000 | 423,863 | ||||||
1.38%, 2/28/2019 | 1,320,000 | 1,292,861 | ||||||
1.38%, 1/31/2020 (a) | 568,000 | 543,269 | ||||||
1.38%, 5/31/2020 | 588,000 | 557,212 | ||||||
1.50%, 6/30/2016 | 903,000 | 923,950 | ||||||
1.50%, 7/31/2016 | 919,000 | 939,907 | ||||||
1.50%, 8/31/2018 | 2,146,000 | 2,135,077 | ||||||
1.50%, 12/31/2018 | 1,250,000 | 1,246,625 | ||||||
1.50%, 3/31/2019 | 320,000 | 314,733 | ||||||
1.63%, 8/15/2022 (a) | 716,000 | 650,414 | ||||||
1.63%, 11/15/2022 | 1,366,000 | 1,232,801 |
See accompanying notes to financial statements.
96
SPDR Barclays Intermediate Term Treasury ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
1.75%, 7/31/2015 | $ | 1,769,000 | $ | 1,810,342 | ||||
1.75%, 5/31/2016 | 689,000 | 708,988 | ||||||
1.75%, 10/31/2018 (a) | 387,000 | 388,718 | ||||||
1.75%, 10/31/2020 | 1,508,000 | 1,446,579 | ||||||
1.75%, 5/15/2022 | 1,021,000 | 943,914 | ||||||
1.75%, 5/15/2023 | 2,404,000 | 2,166,557 | ||||||
1.88%, 6/30/2015 | 764,000 | 782,611 | ||||||
1.88%, 8/31/2017 (a) | 815,000 | 836,695 | ||||||
1.88%, 9/30/2017 | 680,000 | 697,422 | ||||||
1.88%, 10/31/2017 | 683,000 | 700,130 | ||||||
1.88%, 6/30/2020 | 480,000 | 468,302 | ||||||
2.00%, 1/31/2016 | 807,000 | 833,558 | ||||||
2.00%, 4/30/2016 | 614,000 | 635,238 | ||||||
2.00%, 7/31/2020 (a) | 550,000 | 540,160 | ||||||
2.00%, 9/30/2020 (a) | 598,000 | 584,461 | ||||||
2.00%, 11/30/2020 (a) | 1,424,000 | 1,386,079 | ||||||
2.00%, 11/15/2021 | 1,055,000 | 1,006,776 | ||||||
2.00%, 2/15/2022 (a) | 870,000 | 825,404 | ||||||
2.00%, 2/15/2023 | 1,550,000 | 1,437,610 | ||||||
2.13%, 5/31/2015 | 1,976,000 | 2,028,739 | ||||||
2.13%, 12/31/2015 | 870,000 | 899,902 | ||||||
2.13%, 2/29/2016 | 431,000 | 446,740 | ||||||
2.13%, 8/31/2020 | 634,000 | 625,866 | ||||||
2.13%, 8/15/2021 | 1,036,000 | 1,003,511 | ||||||
2.25%, 1/31/2015 | 837,000 | 855,665 | ||||||
2.25%, 3/31/2016 (a) | 612,000 | 636,480 | ||||||
2.25%, 11/30/2017 | 521,000 | 540,814 | ||||||
2.25%, 7/31/2018 | 279,000 | 287,638 | ||||||
2.38%, 2/28/2015 | 1,238,000 | 1,269,099 | ||||||
2.38%, 3/31/2016 | 394,000 | 411,005 | ||||||
2.38%, 7/31/2017 | 695,000 | 726,268 | ||||||
2.38%, 5/31/2018 (a) | 408,000 | 423,557 | ||||||
2.38%, 6/30/2018 | 406,000 | 421,063 | ||||||
2.38%, 12/31/2020 | 1,000,000 | 988,670 | ||||||
2.50%, 3/31/2015 | 1,240,000 | 1,275,266 | ||||||
2.50%, 4/30/2015 | 1,014,000 | 1,044,653 | ||||||
2.50%, 6/30/2017 | 497,000 | 521,631 | ||||||
2.50%, 8/15/2023 | 2,642,000 | 2,536,848 | ||||||
2.63%, 2/29/2016 | 307,000 | 321,619 | ||||||
2.63%, 4/30/2016 | 311,000 | 326,239 | ||||||
2.63%, 1/31/2018 | 360,000 | 378,583 | ||||||
2.63%, 4/30/2018 (a) | 489,000 | 513,274 | ||||||
2.63%, 8/15/2020 (a) | 916,000 | 934,815 | ||||||
2.63%, 11/15/2020 | 2,485,000 | 2,525,332 | ||||||
2.75%, 11/30/2016 | 797,000 | 842,389 | ||||||
2.75%, 5/31/2017 (a) | 555,000 | 587,590 | ||||||
2.75%, 12/31/2017 | 516,000 | 545,386 | ||||||
2.75%, 2/28/2018 | 446,000 | 471,168 | ||||||
2.75%, 2/15/2019 | 735,000 | 770,170 | ||||||
2.75%, 11/15/2023 (a) | 924,000 | 903,820 | ||||||
2.88%, 3/31/2018 (a) | 442,000 | 468,493 | ||||||
3.00%, 8/31/2016 | 665,000 | 706,383 | ||||||
3.00%, 9/30/2016 | 482,000 | 512,327 | ||||||
3.00%, 2/28/2017 | 415,000 | 442,187 | ||||||
3.13%, 10/31/2016 | 1,496,000 | 1,596,486 | ||||||
3.13%, 1/31/2017 (a) | 796,000 | 850,988 | ||||||
3.13%, 4/30/2017 | 554,000 | 593,135 | ||||||
3.13%, 5/15/2019 | 737,000 | 785,443 | ||||||
3.13%, 5/15/2021 | 872,000 | 908,938 | ||||||
3.25%, 5/31/2016 | 284,000 | 302,443 | ||||||
3.25%, 6/30/2016 | 584,000 | 623,058 | ||||||
3.25%, 7/31/2016 | 535,000 | 571,193 | ||||||
3.25%, 12/31/2016 | 558,000 | 598,505 | ||||||
3.25%, 3/31/2017 (a) | 485,000 | 521,336 | ||||||
3.38%, 11/15/2019 (a) | 936,000 | 1,006,864 | ||||||
3.50%, 2/15/2018 | 625,000 | 678,600 | ||||||
3.50%, 5/15/2020 | 1,677,000 | 1,809,265 | ||||||
3.63%, 8/15/2019 | 715,000 | 779,143 | ||||||
3.63%, 2/15/2020 (a) | 1,069,000 | 1,163,671 | ||||||
3.63%, 2/15/2021 | 1,100,000 | 1,186,988 | ||||||
3.75%, 11/15/2018 | 745,000 | 817,734 | ||||||
3.88%, 5/15/2018 | 365,000 | 402,343 | ||||||
4.00%, 2/15/2015 | 837,000 | 872,631 | ||||||
4.00%, 8/15/2018 | 275,000 | 305,057 | ||||||
4.13%, 5/15/2015 | 1,562,000 | 1,645,255 | ||||||
4.25%, 8/15/2015 | 803,000 | 854,456 | ||||||
4.25%, 11/15/2017 (a) | 388,000 | 432,053 | ||||||
4.50%, 11/15/2015 | 607,000 | 654,018 | ||||||
4.50%, 2/15/2016 | 532,000 | 578,029 | ||||||
4.50%, 5/15/2017 | 392,000 | 437,480 | ||||||
4.63%, 11/15/2016 | 607,000 | 673,770 | ||||||
4.63%, 2/15/2017 | 328,000 | 365,786 | ||||||
4.75%, 8/15/2017 | 369,000 | 416,940 | ||||||
4.88%, 8/15/2016 | 475,000 | 527,668 | ||||||
5.13%, 5/15/2016 | 355,000 | 393,357 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $167,315,046) | 166,323,151 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 9.7% | ||||||||
MONEY MARKET FUNDS — 9.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (b)(c) | 12,428,498 | 12,428,498 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (c)(d) | 3,627,328 | 3,627,328 | ||||||
TOTAL SHORT TERM INVESTMENTS — (e) | ||||||||
(Cost $16,055,826) | 16,055,826 | |||||||
TOTAL INVESTMENTS — 110.2% (f) | ||||||||
(Cost $183,370,872) | 182,378,977 | |||||||
OTHER ASSETS & LIABILITIES — (10.2)% | (16,952,949 | ) | ||||||
NET ASSETS — 100.0% | $ | 165,426,028 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
97
SPDR Barclays Long Term Treasury ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. TREASURY OBLIGATIONS — 98.9% | ||||||||
Treasury Bonds | ||||||||
2.75%, 8/15/2042 | $ | 1,911,000 | $ | 1,514,353 | ||||
2.75%, 11/15/2042 | 2,131,000 | 1,684,769 | ||||||
2.88%, 5/15/2043 | 2,360,000 | 1,912,544 | ||||||
3.00%, 5/15/2042 | 1,024,000 | 858,757 | ||||||
3.13%, 11/15/2041 | 1,386,000 | 1,197,102 | ||||||
3.13%, 2/15/2042 | 1,513,000 | 1,304,387 | ||||||
3.13%, 2/15/2043 | 2,118,000 | 1,813,304 | ||||||
3.50%, 2/15/2039 | 801,000 | 754,350 | ||||||
3.63%, 8/15/2043 (a) | 2,382,000 | 2,249,132 | ||||||
3.75%, 8/15/2041 | 1,060,000 | 1,033,352 | ||||||
3.75%, 11/15/2043 | 1,550,000 | 1,497,812 | ||||||
3.88%, 8/15/2040 | 1,156,000 | 1,156,289 | ||||||
4.25%, 5/15/2039 | 667,000 | 711,269 | ||||||
4.25%, 11/15/2040 | 1,200,000 | 1,276,908 | ||||||
4.38%, 2/15/2038 | 411,000 | 447,332 | ||||||
4.38%, 11/15/2039 | 968,000 | 1,051,897 | ||||||
4.38%, 5/15/2040 | 1,127,000 | 1,224,362 | ||||||
4.38%, 5/15/2041 (a) | 811,000 | 879,911 | ||||||
4.50%, 2/15/2036 | 845,000 | 940,324 | ||||||
4.50%, 5/15/2038 | 523,000 | 579,929 | ||||||
4.50%, 8/15/2039 | 805,000 | 892,294 | ||||||
4.63%, 2/15/2040 | 1,261,000 | 1,423,896 | ||||||
4.75%, 2/15/2037 | 254,000 | 292,235 | ||||||
4.75%, 2/15/2041 | 1,106,000 | 1,272,541 | ||||||
5.00%, 5/15/2037 | 355,000 | 422,443 | ||||||
5.25%, 11/15/2028 (a) | 475,000 | 571,700 | ||||||
5.25%, 2/15/2029 (a) | 425,000 | 511,488 | ||||||
5.38%, 2/15/2031 | 762,000 | 933,800 | ||||||
5.50%, 8/15/2028 (a) | 361,000 | 444,842 | ||||||
6.00%, 2/15/2026 | 454,000 | 579,595 | ||||||
6.13%, 11/15/2027 (a) | 587,000 | 763,658 | ||||||
6.13%, 8/15/2029 (a) | 261,000 | 342,766 | ||||||
6.25%, 5/15/2030 (a) | 466,000 | 622,376 | ||||||
6.38%, 8/15/2027 | 271,000 | 359,777 | ||||||
6.50%, 11/15/2026 | 283,000 | 377,983 | ||||||
6.63%, 2/15/2027 | 225,000 | 304,033 | ||||||
6.75%, 8/15/2026 (a) | 221,000 | 300,615 | ||||||
6.88%, 8/15/2025 (a) | 235,000 | 319,985 | ||||||
7.50%, 11/15/2024 (a) | 276,000 | 389,924 | ||||||
7.63%, 2/15/2025 | 234,000 | 334,316 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $42,048,125) | 35,548,350 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 13.7% | ||||||||
MONEY MARKET FUNDS — 13.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (b)(c) | 4,810,693 | 4,810,693 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (c)(d) | 101,732 | 101,732 | ||||||
TOTAL SHORT TERM INVESTMENTS — (e) | ||||||||
(Cost $4,912,425) | 4,912,425 | |||||||
TOTAL INVESTMENTS — 112.6% (f) | ||||||||
(Cost $46,960,550) | 40,460,775 | |||||||
OTHER ASSETS & LIABILITIES — (12.6)% | (4,516,568 | ) | ||||||
NET ASSETS — 100.0% | $ | 35,944,207 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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.
98
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 98.6% | ||||||||
AEROSPACE & DEFENSE — 0.7% | ||||||||
Exelis, Inc. 4.25%, 10/1/2016 | $ | 2,260,000 | $ | 2,381,940 | ||||
General Dynamics Corp.: | ||||||||
1.38%, 1/15/2015 (a) | 2,413,000 | 2,435,206 | ||||||
2.25%, 7/15/2016 | 1,500,000 | 1,551,264 | ||||||
L-3 Communications Corp. 3.95%, 11/15/2016 | 1,231,000 | 1,309,528 | ||||||
Lockheed Martin Corp.: | ||||||||
2.13%, 9/15/2016 | 2,918,000 | 3,000,203 | ||||||
7.65%, 5/1/2016 | 250,000 | 285,393 | ||||||
Precision Castparts Corp. 0.70%, 12/20/2015 | 2,100,000 | 2,102,632 | ||||||
Textron, Inc. 6.20%, 3/15/2015 | 1,000,000 | 1,060,693 | ||||||
The Boeing Co. 3.50%, 2/15/2015 | 3,055,000 | 3,156,870 | ||||||
United Technologies Corp. 4.88%, 5/1/2015 | 4,075,000 | 4,307,891 | ||||||
21,591,620 | ||||||||
AIRLINES — 0.1% | ||||||||
Southwest Airlines Co. 5.25%, 10/1/2014 (a) | 1,620,000 | 1,671,728 | ||||||
UAL 2009-1 Pass Through Trust 10.40%, 5/1/2018 | 23,127 | 26,423 | ||||||
1,698,151 | ||||||||
AUTO COMPONENTS — 0.1% | ||||||||
Johnson Controls, Inc. 5.50%, 1/15/2016 | 2,473,000 | 2,688,335 | ||||||
AUTOMOBILES — 0.1% | ||||||||
Harley-Davidson, Inc. 15.00%, 2/1/2014 | 50,000 | 50,614 | ||||||
PACCAR Financial Corp.: | ||||||||
0.75%, 8/14/2015 | 810,000 | 812,139 | ||||||
0.80%, 2/8/2016 | 1,000,000 | 995,523 | ||||||
1.05%, 6/5/2015 | 1,000,000 | 1,003,032 | ||||||
2,861,308 | ||||||||
BEVERAGES — 2.8% | ||||||||
Anheuser-Busch Cos. LLC 5.00%, 1/15/2015 (a) | 500,000 | 522,932 | ||||||
Anheuser-Busch InBev Finance, Inc. 0.80%, 1/15/2016 | 4,400,000 | 4,403,049 | ||||||
Anheuser-Busch InBev Worldwide, Inc.: | ||||||||
0.80%, 7/15/2015 | 6,050,000 | 6,069,818 | ||||||
1.38%, 7/15/2017 | 5,000,000 | 4,980,637 | ||||||
2.88%, 2/15/2016 (a) | 800,000 | 833,726 | ||||||
3.63%, 4/15/2015 | 1,724,000 | 1,791,623 | ||||||
4.13%, 1/15/2015 | 6,389,000 | 6,622,842 | ||||||
Beam, Inc. 5.38%, 1/15/2016 | 2,663,000 | 2,885,376 | ||||||
Brown-Forman Corp. 2.50%, 1/15/2016 | 1,236,000 | 1,281,837 | ||||||
Coca-Cola Enterprises, Inc. 2.13%, 9/15/2015 | 3,025,000 | 3,096,079 | ||||||
Coca-Cola HBC Finance BV 5.50%, 9/17/2015 | 2,935,000 | 3,141,012 | ||||||
Diageo Capital PLC: | ||||||||
0.63%, 4/29/2016 (a) | 4,535,000 | 4,504,703 | ||||||
1.50%, 5/11/2017 | 5,100,000 | 5,102,022 | ||||||
5.50%, 9/30/2016 | 250,000 | 279,208 | ||||||
Diageo Finance BV 5.30%, 10/28/2015 | 700,000 | 757,804 | ||||||
Dr Pepper Snapple Group, Inc. 2.90%, 1/15/2016 | 2,400,000 | 2,503,429 | ||||||
PepsiCo, Inc.: | ||||||||
0.70%, 8/13/2015 | 3,475,000 | 3,484,727 | ||||||
0.70%, 2/26/2016 | 2,437,000 | 2,438,783 | ||||||
0.75%, 3/5/2015 | 3,500,000 | 3,507,551 | ||||||
2.50%, 5/10/2016 (a) | 5,500,000 | 5,722,492 | ||||||
3.10%, 1/15/2015 | 4,625,000 | 4,742,815 | ||||||
The Coca-Cola Co.: | ||||||||
0.75%, 3/13/2015 | 2,000,000 | 2,003,918 | ||||||
0.75%, 11/1/2016 (a) | 2,867,000 | 2,854,539 | ||||||
1.50%, 11/15/2015 | 3,325,000 | 3,388,392 | ||||||
1.80%, 9/1/2016 | 5,650,000 | 5,793,369 | ||||||
82,712,683 | ||||||||
BIOTECHNOLOGY — 0.8% | ||||||||
Amgen, Inc.: | ||||||||
2.13%, 5/15/2017 | 5,000,000 | 5,091,141 | ||||||
2.30%, 6/15/2016 | 2,172,000 | 2,231,466 | ||||||
2.50%, 11/15/2016 | 450,000 | 466,262 | ||||||
Celgene Corp. 2.45%, 10/15/2015 | 2,040,000 | 2,091,719 | ||||||
Genentech, Inc. 4.75%, 7/15/2015 | 4,882,000 | 5,192,976 | ||||||
Genzyme Corp. 3.63%, 6/15/2015 | 3,500,000 | 3,656,548 | ||||||
Gilead Sciences, Inc. 3.05%, 12/1/2016 | 855,000 | 899,803 | ||||||
Life Technologies Corp.: | ||||||||
3.50%, 1/15/2016 | 1,760,000 | 1,840,716 | ||||||
4.40%, 3/1/2015 | 2,050,000 | 2,125,360 | ||||||
23,595,991 | ||||||||
BUILDING MATERIALS — 0.3% | ||||||||
CRH America, Inc.: | ||||||||
4.13%, 1/15/2016 | 2,000,000 | 2,110,586 | ||||||
6.00%, 9/30/2016 | 5,200,000 | 5,824,996 | ||||||
7,935,582 | ||||||||
CAPITAL MARKETS — 6.1% | ||||||||
BlackRock, Inc. 1.38%, 6/1/2015 | 2,000,000 | 2,020,813 | ||||||
BNY Mellon NA 5.45%, 4/1/2016 (a) | 1,508,000 | 1,647,505 | ||||||
Deutsche Bank Financial LLC 5.38%, 3/2/2015 (a) | 3,500,000 | 3,642,607 | ||||||
HSBC Finance Capital Trust IX 5.91%, 11/30/2035 | 2,870,000 | 2,970,450 | ||||||
Jefferies Group LLC: | ||||||||
3.88%, 11/9/2015 | 3,000,000 | 3,141,936 | ||||||
5.50%, 3/15/2016 (a) | 2,268,000 | 2,447,790 |
See accompanying notes to financial statements.
99
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Morgan Stanley: | ||||||||
1.75%, 2/25/2016 | $ | 5,409,000 | $ | 5,481,665 | ||||
3.45%, 11/2/2015 | 6,900,000 | 7,195,688 | ||||||
3.80%, 4/29/2016 | 9,100,000 | 9,616,477 | ||||||
4.00%, 7/24/2015 | 6,382,000 | 6,674,675 | ||||||
4.10%, 1/26/2015 | 7,403,000 | 7,647,612 | ||||||
4.75%, 3/22/2017 | 150,000 | 163,368 | ||||||
5.38%, 10/15/2015 | 9,392,000 | 10,103,601 | ||||||
5.45%, 1/9/2017 | 1,000,000 | 1,105,719 | ||||||
5.55%, 4/27/2017 | 150,000 | 167,348 | ||||||
5.75%, 10/18/2016 | 5,528,000 | 6,166,563 | ||||||
6.00%, 4/28/2015 | 11,200,000 | 11,914,210 | ||||||
The Bank of New York Mellon Corp.: | ||||||||
0.70%, 10/23/2015 | 4,250,000 | 4,262,554 | ||||||
0.70%, 3/4/2016 | 1,750,000 | 1,741,888 | ||||||
1.20%, 2/20/2015 | 4,270,000 | 4,300,615 | ||||||
2.30%, 7/28/2016 | 615,000 | 635,023 | ||||||
3.10%, 1/15/2015 | 1,400,000 | 1,437,878 | ||||||
4.95%, 3/15/2015 | 2,327,000 | 2,445,325 | ||||||
The Bear Stearns Cos. LLC 5.55%, 1/22/2017 | 600,000 | 663,109 | ||||||
The Charles Schwab Corp. 0.85%, 12/4/2015 | 1,000,000 | 1,000,269 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
1.60%, 11/23/2015 | 8,340,000 | 8,428,013 | ||||||
3.30%, 5/3/2015 | 13,200,000 | 13,599,827 | ||||||
3.63%, 2/7/2016 | 15,150,000 | 15,888,296 | ||||||
3.70%, 8/1/2015 | 12,115,000 | 12,620,496 | ||||||
5.13%, 1/15/2015 | 11,622,000 | 12,126,606 | ||||||
5.35%, 1/15/2016 | 9,948,000 | 10,763,221 | ||||||
5.75%, 10/1/2016 | 6,240,000 | 6,957,836 | ||||||
178,978,983 | ||||||||
CHEMICALS — 1.3% | ||||||||
Airgas, Inc.: | ||||||||
2.95%, 6/15/2016 | 1,368,000 | 1,421,844 | ||||||
3.25%, 10/1/2015 | 1,000,000 | 1,037,404 | ||||||
Albemarle Corp. 5.10%, 2/1/2015 | 1,500,000 | 1,565,824 | ||||||
E.I. du Pont de Nemours & Co.: | ||||||||
1.95%, 1/15/2016 | 1,500,000 | 1,534,334 | ||||||
2.75%, 4/1/2016 | 2,290,000 | 2,385,929 | ||||||
3.25%, 1/15/2015 | 2,180,000 | 2,240,523 | ||||||
4.75%, 3/15/2015 | 3,284,000 | 3,444,749 | ||||||
5.25%, 12/15/2016 | 600,000 | 671,920 | ||||||
Eastman Chemical Co. 3.00%, 12/15/2015 | 1,655,000 | 1,716,128 | ||||||
Ecolab, Inc.: | ||||||||
1.00%, 8/9/2015 | 4,173,000 | 4,187,224 | ||||||
3.00%, 12/8/2016 | 2,250,000 | 2,358,788 | ||||||
4.88%, 2/15/2015 | 500,000 | 522,334 | ||||||
Monsanto Co. 2.75%, 4/15/2016 | 500,000 | 520,145 | ||||||
Potash Corp. of Saskatchewan, Inc. 3.75%, 9/30/2015 | 3,542,000 | 3,714,304 | ||||||
Praxair, Inc.: | ||||||||
0.75%, 2/21/2016 (a) | 1,745,000 | 1,742,573 | ||||||
3.25%, 9/15/2015 | 660,000 | 689,793 | ||||||
4.63%, 3/30/2015 | 2,250,000 | 2,363,331 | ||||||
Rohm & Haas Co. 6.00%, 9/15/2017 | 461,000 | 527,635 | ||||||
The Dow Chemical Co. 2.50%, 2/15/2016 | 3,860,000 | 3,975,852 | ||||||
36,620,634 | ||||||||
COMMERCIAL BANKS — 17.1% | ||||||||
Abbey National Treasury Services PLC 4.00%, 4/27/2016 | 3,900,000 | 4,150,624 | ||||||
American Express Bank FSB 6.00%, 9/13/2017 | 600,000 | 688,918 | ||||||
American Express Centurion Bank 0.88%, 11/13/2015 | 3,050,000 | 3,052,203 | ||||||
Associated Banc-Corp. 5.13%, 3/28/2016 | 1,400,000 | 1,499,683 | ||||||
Australia & New Zealand Banking Group, Ltd. 0.90%, 2/12/2016 (a) | 5,295,000 | 5,287,733 | ||||||
Bancolombia SA 4.25%, 1/12/2016 (a) | 2,500,000 | 2,603,125 | ||||||
Bank of Montreal: | ||||||||
0.80%, 11/6/2015 | 4,350,000 | 4,367,085 | ||||||
1.30%, 7/15/2016 (a) | 5,757,000 | 5,790,698 | ||||||
Bank of Nova Scotia: | ||||||||
0.75%, 10/9/2015 | 5,412,000 | 5,427,633 | ||||||
0.95%, 3/15/2016 (a) | 2,400,000 | 2,404,407 | ||||||
1.10%, 12/13/2016 | 4,900,000 | 4,904,869 | ||||||
1.38%, 7/15/2016 (a) | 5,500,000 | 5,549,407 | ||||||
1.85%, 1/12/2015 | 2,447,000 | 2,471,147 | ||||||
2.05%, 10/7/2015 | 4,800,000 | 4,914,766 | ||||||
2.55%, 1/12/2017 (a) | 500,000 | 516,886 | ||||||
2.90%, 3/29/2016 | 5,150,000 | 5,376,472 | ||||||
3.40%, 1/22/2015 | 5,605,000 | 5,751,893 | ||||||
Bank One Corp. 4.90%, 4/30/2015 | 2,300,000 | 2,421,828 | ||||||
Barclays Bank PLC: | ||||||||
2.75%, 2/23/2015 (a) | 4,100,000 | 4,192,971 | ||||||
3.90%, 4/7/2015 | 6,600,000 | 6,858,484 | ||||||
5.00%, 9/22/2016 (a) | 8,399,000 | 9,248,250 | ||||||
BB&T Corp.: | ||||||||
3.20%, 3/15/2016 | 2,100,000 | 2,202,130 | ||||||
3.95%, 4/29/2016 | 2,742,000 | 2,926,602 | ||||||
5.20%, 12/23/2015 | 3,450,000 | 3,723,442 | ||||||
BBVA US Senior SAU 4.66%, 10/9/2015 | 7,431,000 | 7,788,961 | ||||||
BNP Paribas: | ||||||||
1.25%, 12/12/2016 | 3,277,000 | 3,280,243 | ||||||
2.38%, 9/14/2017 | 600,000 | 610,401 | ||||||
3.25%, 3/11/2015 | 10,110,000 | 10,393,276 | ||||||
3.60%, 2/23/2016 | 8,500,000 | 8,936,881 | ||||||
BPCE SA 1.70%, 4/25/2016 (a) | 1,000,000 | 992,881 | ||||||
Branch Banking & Trust Co.: | ||||||||
1.05%, 12/1/2016 (a) | 4,250,000 | 4,235,933 | ||||||
1.45%, 10/3/2016 | 3,050,000 | 3,077,573 | ||||||
Canadian Imperial Bank of Commerce/Canada: | ||||||||
0.90%, 10/1/2015 | 3,050,000 | 3,063,994 | ||||||
1.35%, 7/18/2016 (a) | 3,020,000 | 3,033,928 |
See accompanying notes to financial statements.
100
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
2.35%, 12/11/2015 (a) | $ | 7,356,000 | $ | 7,584,802 | ||||
Capital One Financial Corp.: | ||||||||
1.00%, 11/6/2015 | 3,900,000 | 3,893,883 | ||||||
5.50%, 6/1/2015 | 2,719,000 | 2,887,248 | ||||||
Comerica, Inc.: | ||||||||
3.00%, 9/16/2015 | 1,775,000 | 1,841,549 | ||||||
4.80%, 5/1/2015 (a) | 493,000 | 517,301 | ||||||
Commonwealth Bank of Australia/New York, NY: | ||||||||
1.25%, 9/18/2015 | 4,825,000 | 4,872,941 | ||||||
1.90%, 9/18/2017 (a) | 300,000 | 300,665 | ||||||
1.95%, 3/16/2015 | 4,150,000 | 4,218,557 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands: | ||||||||
2.13%, 10/13/2015 | 6,350,000 | 6,511,676 | ||||||
3.38%, 1/19/2017 | 150,000 | 157,950 | ||||||
Credit Suisse of New York, NY 3.50%, 3/23/2015 | 9,000,000 | 9,295,567 | ||||||
Deutsche Bank AG London: | ||||||||
3.25%, 1/11/2016 | 6,779,000 | 7,089,204 | ||||||
3.45%, 3/30/2015 | 6,375,000 | 6,581,288 | ||||||
Fifth Third Bancorp: | ||||||||
1.15%, 11/18/2016 | 3,450,000 | 3,443,598 | ||||||
3.63%, 1/25/2016 | 4,564,000 | 4,792,515 | ||||||
Fifth Third Bank: | ||||||||
0.90%, 2/26/2016 | 2,595,000 | 2,580,379 | ||||||
4.75%, 2/1/2015 | 2,400,000 | 2,497,622 | ||||||
First Horizon National Corp. 5.38%, 12/15/2015 | 1,000,000 | 1,074,679 | ||||||
HSBC USA, Inc. 2.38%, 2/13/2015 | 7,975,000 | 8,115,594 | ||||||
Intesa Sanpaolo SpA 3.13%, 1/15/2016 | 9,041,000 | 9,231,209 | ||||||
KeyBank NA: | ||||||||
1.10%, 11/25/2016 | 2,335,000 | 2,327,322 | ||||||
4.95%, 9/15/2015 | 1,686,000 | 1,795,772 | ||||||
5.45%, 3/3/2016 | 100,000 | 108,823 | ||||||
7.41%, 5/6/2015 | 2,600,000 | 2,816,430 | ||||||
KeyCorp 3.75%, 8/13/2015 (a) | 2,676,000 | 2,794,324 | ||||||
Lloyds Bank PLC 4.88%, 1/21/2016 (a) | 2,795,000 | 3,010,892 | ||||||
M&I Marshall & Ilsley Bank 4.85%, 6/16/2015 | 594,000 | 625,373 | ||||||
MUFG Capital Finance 1, Ltd. 6.35%, 12/31/2049 | 5,700,000 | 6,113,250 | ||||||
National Australia Bank/New York: | ||||||||
0.90%, 1/20/2016 | 2,500,000 | 2,496,669 | ||||||
1.30%, 7/25/2016 | 2,000,000 | 2,006,770 | ||||||
1.60%, 8/7/2015 | 7,550,000 | 7,663,258 | ||||||
2.00%, 3/9/2015 | 6,025,000 | 6,123,613 | ||||||
National Bank of Canada 1.50%, 6/26/2015 | 5,000,000 | 5,063,807 | ||||||
National City Bank 5.80%, 6/7/2017 | 150,000 | 168,885 | ||||||
National City Corp. 4.90%, 1/15/2015 | 1,510,000 | 1,572,860 | ||||||
PNC Bank NA: | ||||||||
0.80%, 1/28/2016 (a) | 2,750,000 | 2,740,660 | ||||||
1.15%, 11/1/2016 | 4,671,000 | 4,668,947 | ||||||
1.30%, 10/3/2016 | 3,076,000 | 3,091,319 | ||||||
PNC Funding Corp.: | ||||||||
2.70%, 9/19/2016 | 2,750,000 | 2,866,244 | ||||||
3.63%, 2/8/2015 (a) | 3,532,000 | 3,641,080 | ||||||
4.25%, 9/21/2015 (a) | 1,833,000 | 1,941,391 | ||||||
5.25%, 11/15/2015 | 3,060,000 | 3,292,516 | ||||||
Regions Financial Corp. 5.75%, 6/15/2015 | 3,600,000 | 3,834,000 | ||||||
Royal Bank of Canada: | ||||||||
0.80%, 10/30/2015 (a) | 3,000,000 | 3,003,489 | ||||||
0.85%, 3/8/2016 | 3,960,000 | 3,954,377 | ||||||
1.15%, 3/13/2015 | 2,950,000 | 2,969,158 | ||||||
1.45%, 9/9/2016 (a) | 3,250,000 | 3,283,010 | ||||||
2.30%, 7/20/2016 | 6,000,000 | 6,193,689 | ||||||
2.63%, 12/15/2015 | 5,200,000 | 5,390,374 | ||||||
2.88%, 4/19/2016 | 4,250,000 | 4,434,107 | ||||||
Sumitomo Mitsui Banking Corp.: | ||||||||
0.90%, 1/18/2016 (a) | 3,600,000 | 3,580,705 | ||||||
1.35%, 7/18/2015 | 2,750,000 | 2,763,223 | ||||||
1.45%, 7/19/2016 | 2,100,000 | 2,107,048 | ||||||
SunTrust Bank/Atlanta GA 5.00%, 9/1/2015 | 265,000 | 282,310 | ||||||
SunTrust Banks, Inc. 3.60%, 4/15/2016 | 6,000,000 | 6,321,893 | ||||||
Svenska Handelsbanken AB 3.13%, 7/12/2016 | 4,900,000 | 5,151,269 | ||||||
The Bank of New York Mellon Corp. 2.95%, 6/18/2015 (a) | 3,500,000 | 3,623,040 | ||||||
The Huntington National Bank: | ||||||||
1.30%, 11/20/2016 | 2,711,000 | 2,705,969 | ||||||
1.35%, 8/2/2016 | 1,552,000 | 1,553,346 | ||||||
The Royal Bank of Scotland PLC 3.95%, 9/21/2015 | 5,250,000 | 5,496,595 | ||||||
The Toronto-Dominion Bank: | ||||||||
1.50%, 9/9/2016 | 2,600,000 | 2,633,308 | ||||||
2.38%, 10/19/2016 (a) | 7,450,000 | 7,728,815 | ||||||
2.50%, 7/14/2016 | 5,116,000 | 5,305,645 | ||||||
UBS Preferred Funding Trust V 6.24%, 5/29/2049 (a) | 5,000,000 | 5,312,500 | ||||||
Union Bank NA: | ||||||||
1.50%, 9/26/2016 (a) | 2,286,000 | 2,309,600 | ||||||
2.13%, 6/16/2017 | 200,000 | 202,588 | ||||||
3.00%, 6/6/2016 | 5,500,000 | 5,747,807 | ||||||
5.95%, 5/11/2016 | 260,000 | 287,917 | ||||||
US Bancorp: | ||||||||
2.45%, 7/27/2015 | 2,450,000 | 2,521,367 | ||||||
3.13%, 4/1/2015 | 1,250,000 | 1,290,101 | ||||||
3.15%, 3/4/2015 | 1,429,000 | 1,473,033 | ||||||
3.44%, 2/1/2016 | 3,600,000 | 3,745,430 | ||||||
US Bank NA 3.78%, 4/29/2020 | 2,250,000 | 2,319,638 | ||||||
Vesey Street Investment Trust I 4.40%, 9/1/2016 | 2,375,000 | 2,556,811 | ||||||
Wachovia Bank NA: | ||||||||
4.88%, 2/1/2015 | 2,000,000 | 2,091,378 | ||||||
5.00%, 8/15/2015 | 1,918,000 | 2,056,101 |
See accompanying notes to financial statements.
101
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Wachovia Corp.: | ||||||||
5.63%, 10/15/2016 | $ | 4,750,000 | $ | 5,301,678 | ||||
5.75%, 6/15/2017 | 469,000 | 535,233 | ||||||
Wells Fargo & Co.: | ||||||||
1.25%, 2/13/2015 | 10,950,000 | 11,025,916 | ||||||
1.25%, 7/20/2016 | 4,707,000 | 4,728,789 | ||||||
1.50%, 7/1/2015 | 8,450,000 | 8,571,556 | ||||||
2.10%, 5/8/2017 | 150,000 | 153,239 | ||||||
2.63%, 12/15/2016 | 2,785,000 | 2,906,869 | ||||||
3.63%, 4/15/2015 | 6,250,000 | 6,486,919 | ||||||
3.68%, 6/15/2016 | 8,030,000 | 8,546,789 | ||||||
5.13%, 9/15/2016 | 213,000 | 234,194 | ||||||
Wells Fargo Bank NA: | ||||||||
0.75%, 7/20/2015 | 1,500,000 | 1,506,122 | ||||||
4.75%, 2/9/2015 | 1,965,000 | 2,050,563 | ||||||
5.75%, 5/16/2016 | 4,350,000 | 4,815,720 | ||||||
Westpac Banking Corp.: | ||||||||
0.95%, 1/12/2016 | 6,150,000 | 6,166,602 | ||||||
1.05%, 11/25/2016 | 3,500,000 | 3,493,453 | ||||||
1.13%, 9/25/2015 | 5,150,000 | 5,193,346 | ||||||
3.00%, 8/4/2015 | 6,786,000 | 7,045,144 | ||||||
3.00%, 12/9/2015 | 3,198,000 | 3,337,131 | ||||||
4.20%, 2/27/2015 | 6,875,000 | 7,137,927 | ||||||
499,630,590 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.3% | ||||||||
Affiliated Computer Services, Inc. 5.20%, 6/1/2015 (a) | 2,365,000 | 2,491,768 | ||||||
Pitney Bowes, Inc. 4.75%, 1/15/2016 (a) | 1,500,000 | 1,592,358 | ||||||
The Board Of Trustees Of The Leland Stanford Junior University 4.25%, 5/1/2016 | 531,000 | 571,776 | ||||||
The Western Union Co. 2.38%, 12/10/2015 | 750,000 | 758,392 | ||||||
Waste Management, Inc. 6.38%, 3/11/2015 (a) | 1,820,000 | 1,935,472 | ||||||
7,349,766 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.5% | ||||||||
Cisco Systems, Inc. 5.50%, 2/22/2016 | 12,000,000 | 13,204,394 | ||||||
Juniper Networks, Inc. 3.10%, 3/15/2016 | 1,950,000 | 2,012,438 | ||||||
15,216,832 | ||||||||
COMPUTERS & PERIPHERALS — 1.7% | ||||||||
Apple, Inc. 0.45%, 5/3/2016 (a) | 4,150,000 | 4,124,471 | ||||||
Computer Sciences Corp. 2.50%, 9/15/2015 | 2,246,000 | 2,295,670 | ||||||
Hewlett-Packard Co.: | ||||||||
2.13%, 9/13/2015 | 4,500,000 | 4,591,550 | ||||||
2.35%, 3/15/2015 | 2,650,000 | 2,689,355 | ||||||
2.63%, 12/9/2014 | 3,400,000 | 3,459,980 | ||||||
2.65%, 6/1/2016 | 2,322,000 | 2,398,818 | ||||||
3.00%, 9/15/2016 (a) | 5,102,000 | 5,315,757 | ||||||
3.30%, 12/9/2016 | 4,400,000 | 4,620,918 | ||||||
International Business Machines Corp.: | ||||||||
0.45%, 5/6/2016 | 2,750,000 | 2,733,023 | ||||||
0.75%, 5/11/2015 (a) | 3,500,000 | 3,512,525 | ||||||
1.95%, 7/22/2016 | 9,529,000 | 9,799,650 | ||||||
2.00%, 1/5/2016 | 3,100,000 | 3,169,331 | ||||||
48,711,048 | ||||||||
CONSUMER FINANCE — 1.4% | ||||||||
Caterpillar Financial Services Corp.: | ||||||||
0.70%, 11/6/2015 | 2,500,000 | 2,507,531 | ||||||
0.70%, 2/26/2016 | 1,120,000 | 1,120,820 | ||||||
1.00%, 11/25/2016 | 5,100,000 | 5,096,262 | ||||||
1.05%, 3/26/2015 (a) | 1,708,000 | 1,718,380 | ||||||
1.10%, 5/29/2015 | 1,625,000 | 1,636,722 | ||||||
1.35%, 9/6/2016 | 2,800,000 | 2,831,376 | ||||||
2.05%, 8/1/2016 (a) | 4,375,000 | 4,486,689 | ||||||
4.63%, 6/1/2015 | 105,000 | 110,744 | ||||||
4.75%, 2/17/2015 | 1,000,000 | 1,047,546 | ||||||
John Deere Capital Corp.: | ||||||||
0.70%, 9/4/2015 | 2,300,000 | 2,308,205 | ||||||
0.75%, 1/22/2016 (a) | 2,300,000 | 2,291,313 | ||||||
0.88%, 4/17/2015 | 2,450,000 | 2,461,335 | ||||||
0.95%, 6/29/2015 | 2,475,000 | 2,489,868 | ||||||
1.05%, 10/11/2016 | 3,200,000 | 3,211,755 | ||||||
1.85%, 9/15/2016 | 250,000 | 255,282 | ||||||
2.25%, 6/7/2016 | 2,130,000 | 2,206,072 | ||||||
2.95%, 3/9/2015 | 3,000,000 | 3,087,517 | ||||||
MBNA Corp. 5.00%, 6/15/2015 | 1,410,000 | 1,489,478 | ||||||
40,356,895 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 22.0% | ||||||||
Air Lease Corp. 4.50%, 1/15/2016 | 3,900,000 | 4,114,500 | ||||||
American Express Co.: | ||||||||
5.50%, 9/12/2016 | 1,100,000 | 1,223,105 | ||||||
6.80%, 9/1/2066 | 4,000,000 | 4,260,000 | ||||||
American Express Credit Corp.: | ||||||||
1.30%, 7/29/2016 | 3,600,000 | 3,612,238 | ||||||
1.75%, 6/12/2015 | 8,144,000 | 8,274,498 | ||||||
2.75%, 9/15/2015 | 9,375,000 | 9,694,403 | ||||||
2.80%, 9/19/2016 | 8,400,000 | 8,765,981 | ||||||
5.30%, 12/2/2015 (a) | 1,882,000 | 2,041,632 | ||||||
American Honda Finance Corp. 1.13%, 10/7/2016 | 2,862,000 | 2,866,609 | ||||||
Ameriprise Financial, Inc.: | ||||||||
5.65%, 11/15/2015 | 1,798,000 | 1,953,165 | ||||||
7.52%, 6/1/2066 | 500,000 | 555,000 | ||||||
Aon Corp. 3.50%, 9/30/2015 | 1,868,000 | 1,947,477 | ||||||
Bank of America Corp.: | ||||||||
1.25%, 1/11/2016 | 5,050,000 | 5,073,689 | ||||||
1.35%, 11/21/2016 | 2,750,000 | 2,744,896 | ||||||
1.50%, 10/9/2015 | 8,350,000 | 8,432,569 | ||||||
3.63%, 3/17/2016 | 7,200,000 | 7,569,150 | ||||||
3.70%, 9/1/2015 | 7,750,000 | 8,103,374 | ||||||
3.75%, 7/12/2016 | 7,620,000 | 8,070,378 | ||||||
3.88%, 3/22/2017 (a) | 450,000 | 480,029 | ||||||
4.50%, 4/1/2015 | 14,600,000 | 15,239,376 | ||||||
4.75%, 8/1/2015 | 5,750,000 | 6,093,845 | ||||||
5.25%, 12/1/2015 | 2,450,000 | 2,626,010 | ||||||
5.42%, 3/15/2017 | 450,000 | 494,043 |
See accompanying notes to financial statements.
102
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.75%, 8/15/2016 | $ | 550,000 | $ | 605,900 | ||||
6.50%, 8/1/2016 | 17,250,000 | 19,466,814 | ||||||
7.75%, 8/15/2015 | 1,144,000 | 1,260,363 | ||||||
Bank of America NA: | ||||||||
1.13%, 11/14/2016 | 4,500,000 | 4,488,516 | ||||||
5.30%, 3/15/2017 | 600,000 | 661,405 | ||||||
Boeing Capital Corp. 2.13%, 8/15/2016 | 315,000 | 325,428 | ||||||
BP Capital Markets PLC: | ||||||||
3.13%, 10/1/2015 | 7,688,000 | 8,034,216 | ||||||
3.20%, 3/11/2016 | 7,679,000 | 8,076,353 | ||||||
3.88%, 3/10/2015 | 5,003,000 | 5,199,316 | ||||||
Capital One Bank USA NA 1.15%, 11/21/2016 | 1,754,000 | 1,743,315 | ||||||
Capital One Financial Corp.: | ||||||||
2.15%, 3/23/2015 | 7,600,000 | 7,713,274 | ||||||
3.15%, 7/15/2016 | 3,600,000 | 3,759,745 | ||||||
6.15%, 9/1/2016 | 100,000 | 111,507 | ||||||
Citigroup, Inc.: | ||||||||
1.25%, 1/15/2016 | 7,400,000 | 7,419,977 | ||||||
1.30%, 4/1/2016 | 3,475,000 | 3,481,469 | ||||||
1.30%, 11/15/2016 (a) | 4,900,000 | 4,884,083 | ||||||
1.70%, 7/25/2016 | 6,550,000 | 6,613,311 | ||||||
2.25%, 8/7/2015 | 5,925,000 | 6,048,344 | ||||||
2.65%, 3/2/2015 | 4,900,000 | 4,994,546 | ||||||
3.95%, 6/15/2016 | 8,500,000 | 9,039,886 | ||||||
4.59%, 12/15/2015 | 8,825,000 | 9,421,208 | ||||||
4.70%, 5/29/2015 (a) | 4,050,000 | 4,255,558 | ||||||
4.75%, 5/19/2015 | 7,100,000 | 7,458,165 | ||||||
4.88%, 5/7/2015 | 4,855,000 | 5,092,083 | ||||||
5.30%, 1/7/2016 (a) | 4,950,000 | 5,361,892 | ||||||
5.50%, 2/15/2017 | 1,295,000 | 1,425,800 | ||||||
5.85%, 8/2/2016 (a) | 3,500,000 | 3,883,252 | ||||||
6.01%, 1/15/2015 | 4,050,000 | 4,260,683 | ||||||
Countrywide Financial Corp. 6.25%, 5/15/2016 | 10,250,000 | 11,313,005 | ||||||
Credit Suisse USA, Inc.: | ||||||||
4.88%, 1/15/2015 | 6,741,000 | 7,032,812 | ||||||
5.13%, 8/15/2015 | 8,125,000 | 8,675,719 | ||||||
5.38%, 3/2/2016 (a) | 3,400,000 | 3,686,537 | ||||||
Ford Motor Credit Co. LLC: | ||||||||
1.50%, 1/17/2017 | 3,215,000 | 3,213,446 | ||||||
1.70%, 5/9/2016 | 4,450,000 | 4,499,877 | ||||||
2.50%, 1/15/2016 | 3,200,000 | 3,289,048 | ||||||
2.75%, 5/15/2015 | 4,915,000 | 5,032,862 | ||||||
3.88%, 1/15/2015 | 5,700,000 | 5,873,385 | ||||||
3.98%, 6/15/2016 | 4,000,000 | 4,257,050 | ||||||
4.21%, 4/15/2016 | 6,900,000 | 7,356,339 | ||||||
5.63%, 9/15/2015 | 3,550,000 | 3,830,954 | ||||||
6.63%, 8/15/2017 | 900,000 | 1,043,430 | ||||||
7.00%, 4/15/2015 | 8,400,000 | 9,039,600 | ||||||
8.00%, 12/15/2016 | 400,000 | 473,409 | ||||||
12.00%, 5/15/2015 | 3,215,000 | 3,689,139 | ||||||
Franklin Resources, Inc. 3.13%, 5/20/2015 | 1,710,000 | 1,762,143 | ||||||
General Electric Capital Corp.: | ||||||||
1.00%, 12/11/2015 | 3,650,000 | 3,665,051 | ||||||
1.00%, 1/8/2016 (a) | 7,000,000 | 7,025,792 | ||||||
1.50%, 7/12/2016 | 6,598,000 | 6,677,633 | ||||||
1.63%, 7/2/2015 | 7,800,000 | 7,926,986 | ||||||
2.15%, 1/9/2015 | 4,900,000 | 4,982,036 | ||||||
2.25%, 11/9/2015 | 7,622,000 | 7,851,426 | ||||||
2.30%, 4/27/2017 | 600,000 | 614,360 | ||||||
2.38%, 6/30/2015 | 632,000 | 646,920 | ||||||
2.90%, 1/9/2017 (a) | 1,500,000 | 1,563,282 | ||||||
2.95%, 5/9/2016 | 7,650,000 | 8,011,793 | ||||||
3.35%, 10/17/2016 (a) | 5,800,000 | 6,150,563 | ||||||
3.50%, 6/29/2015 | 3,802,000 | 3,972,434 | ||||||
4.38%, 9/21/2015 | 3,319,000 | 3,534,162 | ||||||
4.88%, 3/4/2015 | 6,087,000 | 6,388,533 | ||||||
5.00%, 1/8/2016 | 6,112,000 | 6,616,766 | ||||||
5.40%, 2/15/2017 | 450,000 | 503,069 | ||||||
5.63%, 9/15/2017 | 300,000 | 340,512 | ||||||
6.90%, 9/15/2015 | 34,000 | 37,514 | ||||||
HSBC Finance Corp.: | ||||||||
5.00%, 6/30/2015 | 6,601,000 | 6,968,472 | ||||||
5.25%, 4/15/2015 (a) | 3,140,000 | 3,300,616 | ||||||
5.50%, 1/19/2016 (a) | 8,550,000 | 9,262,132 | ||||||
JPMorgan Chase & Co.: | ||||||||
0.86%, 2/26/2016 | 160,000 | 160,658 | ||||||
1.10%, 10/15/2015 | 9,690,000 | 9,726,722 | ||||||
1.13%, 2/26/2016 | 4,060,000 | 4,065,102 | ||||||
1.88%, 3/20/2015 | 5,300,000 | 5,367,304 | ||||||
2.00%, 8/15/2017 | 450,000 | 453,333 | ||||||
2.60%, 1/15/2016 | 7,350,000 | 7,576,839 | ||||||
3.15%, 7/5/2016 | 16,200,000 | 16,972,676 | ||||||
3.40%, 6/24/2015 | 9,500,000 | 9,864,834 | ||||||
3.45%, 3/1/2016 | 14,250,000 | 14,944,304 | ||||||
3.70%, 1/20/2015 (a) | 9,950,000 | 10,253,376 | ||||||
4.75%, 3/1/2015 | 5,655,000 | 5,911,387 | ||||||
5.15%, 10/1/2015 | 7,150,000 | 7,658,724 | ||||||
5.25%, 5/1/2015 | 3,145,000 | 3,315,688 | ||||||
6.13%, 6/27/2017 | 2,400,000 | 2,715,749 | ||||||
Leucadia National Corp. 8.13%, 9/15/2015 | 2,500,000 | 2,768,100 | ||||||
Merrill Lynch & Co., Inc.: | ||||||||
5.00%, 1/15/2015 | 3,400,000 | 3,543,237 | ||||||
5.30%, 9/30/2015 (a) | 904,000 | 964,041 | ||||||
6.05%, 5/16/2016 | 9,250,000 | 10,167,565 | ||||||
6.40%, 8/28/2017 | 580,000 | 668,740 | ||||||
National Rural Utilities Cooperative Finance Corp.: | ||||||||
1.00%, 2/2/2015 | 2,240,000 | 2,251,242 | ||||||
1.90%, 11/1/2015 | 832,000 | 847,307 | ||||||
3.88%, 9/16/2015 | 2,000,000 | 2,102,867 | ||||||
Nomura Holdings, Inc.: | ||||||||
2.00%, 9/13/2016 | 4,800,000 | 4,816,850 | ||||||
4.13%, 1/19/2016 | 7,590,000 | 7,964,613 | ||||||
5.00%, 3/4/2015 | 4,620,000 | 4,822,161 | ||||||
ORIX Corp.: | ||||||||
4.71%, 4/27/2015 | 3,746,000 | 3,913,568 | ||||||
5.00%, 1/12/2016 (a) | 1,000,000 | 1,066,297 | ||||||
PACCAR Financial Corp.: | ||||||||
0.70%, 11/16/2015 | 1,450,000 | 1,447,686 | ||||||
0.75%, 5/16/2016 | 1,250,000 | 1,242,225 | ||||||
1.15%, 8/16/2016 | 2,400,000 | 2,405,220 | ||||||
Royal Bank of Scotland Group PLC: | ||||||||
2.55%, 9/18/2015 | 7,839,000 | 8,019,825 |
See accompanying notes to financial statements.
103
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
4.38%, 3/16/2016 | $ | 5,819,000 | $ | 6,211,706 | ||||
4.88%, 3/16/2015 | 2,100,000 | 2,188,491 | ||||||
The Nasdaq OMX Group, Inc. 4.00%, 1/15/2015 (a) | 2,000,000 | 2,058,355 | ||||||
Toyota Motor Credit Corp.: | ||||||||
0.80%, 5/17/2016 | 3,455,000 | 3,453,724 | ||||||
0.88%, 7/17/2015 | 4,550,000 | 4,577,210 | ||||||
1.00%, 2/17/2015 | 5,000,000 | 5,027,182 | ||||||
1.75%, 5/22/2017 | 600,000 | 604,191 | ||||||
2.00%, 9/15/2016 | 3,920,000 | 4,028,000 | ||||||
2.80%, 1/11/2016 | 2,540,000 | 2,649,009 | ||||||
3.20%, 6/17/2015 | 5,900,000 | 6,128,455 | ||||||
UBS AG of Stamford, CT: | ||||||||
3.88%, 1/15/2015 | 4,460,000 | 4,596,608 | ||||||
5.88%, 7/15/2016 (a) | 3,250,000 | 3,605,843 | ||||||
642,558,197 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 3.2% | ||||||||
AT&T, Inc.: | ||||||||
0.80%, 12/1/2015 | 5,550,000 | 5,551,486 | ||||||
0.88%, 2/13/2015 | 5,135,000 | 5,141,213 | ||||||
0.90%, 2/12/2016 | 5,140,000 | 5,143,682 | ||||||
1.70%, 6/1/2017 (a) | 450,000 | 452,420 | ||||||
2.40%, 8/15/2016 | 5,650,000 | 5,829,558 | ||||||
2.50%, 8/15/2015 | 10,480,000 | 10,786,150 | ||||||
2.95%, 5/15/2016 | 6,500,000 | 6,790,795 | ||||||
5.63%, 6/15/2016 | 3,050,000 | 3,366,542 | ||||||
British Telecommunications PLC: | ||||||||
1.63%, 6/28/2016 | 3,023,000 | 3,049,561 | ||||||
2.00%, 6/22/2015 | 4,050,000 | 4,115,975 | ||||||
Qwest Corp. 7.50%, 10/1/2014 | 3,100,000 | 3,253,878 | ||||||
Verizon Communications, Inc.: | ||||||||
0.70%, 11/2/2015 | 5,150,000 | 5,146,633 | ||||||
2.50%, 9/15/2016 | 18,112,000 | 18,753,678 | ||||||
3.00%, 4/1/2016 | 7,130,000 | 7,460,151 | ||||||
4.90%, 9/15/2015 | 4,235,000 | 4,525,069 | ||||||
5.55%, 2/15/2016 | 4,954,000 | 5,404,630 | ||||||
94,771,421 | ||||||||
ELECTRIC UTILITIES — 3.2% | ||||||||
Alabama Power Co. 0.55%, 10/15/2015 | 2,491,000 | 2,475,303 | ||||||
Appalachian Power Co. 3.40%, 5/24/2015 | 520,000 | 536,124 | ||||||
Arizona Public Service Co. 4.65%, 5/15/2015 | 540,000 | 567,429 | ||||||
Carolina Power & Light Co.: | ||||||||
5.15%, 4/1/2015 | 525,000 | 554,591 | ||||||
5.25%, 12/15/2015 | 1,654,000 | 1,786,903 | ||||||
CMS Energy Corp. 4.25%, 9/30/2015 | 2,275,000 | 2,392,318 | ||||||
Commonwealth Edison Co.: | ||||||||
1.95%, 9/1/2016 | 50,000 | 50,828 | ||||||
4.70%, 4/15/2015 | 375,000 | 393,782 | ||||||
5.95%, 8/15/2016 | 502,000 | 559,005 | ||||||
Consolidated Edison Co. of New York, Inc. 5.38%, 12/15/2015 | 1,077,000 | 1,163,953 | ||||||
Dominion Gas Holdings LLC 1.05%, 11/1/2016 (a)(b) | 3,400,000 | 3,389,057 | ||||||
Dominion Resources, Inc.: | ||||||||
2.25%, 9/1/2015 | 2,456,000 | 2,509,238 | ||||||
5.15%, 7/15/2015 | 3,400,000 | 3,618,393 | ||||||
7.50%, 6/30/2066 | 2,435,000 | 2,605,450 | ||||||
Duke Energy Carolinas LLC 5.30%, 10/1/2015 | 1,500,000 | 1,616,070 | ||||||
Duke Energy Corp.: | ||||||||
1.63%, 8/15/2017 | 5,000,000 | 4,936,886 | ||||||
3.35%, 4/1/2015 (a) | 2,510,000 | 2,586,694 | ||||||
Duke Energy Indiana, Inc. 6.05%, 6/15/2016 | 720,000 | 793,803 | ||||||
Entergy Corp. 3.63%, 9/15/2015 | 1,500,000 | 1,543,553 | ||||||
Exelon Corp. 4.90%, 6/15/2015 | 2,450,000 | 2,577,266 | ||||||
Florida Power Corp.: | ||||||||
0.65%, 11/15/2015 | 2,035,000 | 2,020,475 | ||||||
5.10%, 12/1/2015 | 1,000,000 | 1,075,930 | ||||||
Georgia Power Co.: | ||||||||
0.63%, 11/15/2015 | 1,300,000 | 1,290,599 | ||||||
0.75%, 8/10/2015 | 2,450,000 | 2,446,644 | ||||||
Jersey Central Power & Light Co. 5.63%, 5/1/2016 | 2,000,000 | 2,175,630 | ||||||
Kentucky Utilities Co. 1.63%, 11/1/2015 | 1,500,000 | 1,521,761 | ||||||
LG&E and KU Energy LLC 2.13%, 11/15/2015 | 3,387,000 | 3,445,074 | ||||||
Louisville Gas & Electric Co. 1.63%, 11/15/2015 | 820,000 | 831,994 | ||||||
Mississippi Power Co. 2.35%, 10/15/2016 | 100,000 | 102,628 | ||||||
Nevada Power Co. 5.88%, 1/15/2015 | 2,165,000 | 2,278,071 | ||||||
NextEra Energy Capital Holdings, Inc.: | ||||||||
1.20%, 6/1/2015 | 5,667,000 | 5,689,604 | ||||||
2.60%, 9/1/2015 | 515,000 | 526,463 | ||||||
6.35%, 10/1/2066 | 2,750,000 | 2,750,000 | ||||||
7.88%, 12/15/2015 | 405,000 | 453,850 | ||||||
Northern States Power Co. 1.95%, 8/15/2015 | 775,000 | 789,429 | ||||||
Ohio Power Co. 6.00%, 6/1/2016 (a) | 349,000 | 385,555 | ||||||
Oncor Electric Delivery Co. LLC 6.38%, 1/15/2015 | 2,281,000 | 2,406,997 | ||||||
Peco Energy Co. 1.20%, 10/15/2016 | 3,055,000 | 3,053,671 | ||||||
Pepco Holdings, Inc. 2.70%, 10/1/2015 | 150,000 | 153,264 | ||||||
Progress Energy, Inc. 5.63%, 1/15/2016 | 265,000 | 287,898 | ||||||
PSEG Power LLC: | ||||||||
2.75%, 9/15/2016 | 75,000 | 76,382 | ||||||
5.50%, 12/1/2015 | 1,100,000 | 1,183,119 | ||||||
Public Service Electric & Gas Co. 2.70%, 5/1/2015 | 827,000 | 848,174 |
See accompanying notes to financial statements.
104
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
San Diego Gas & Electric Co. 5.30%, 11/15/2015 | $ | 1,010,000 | $ | 1,092,195 | ||||
Scottish Power, Ltd. 5.38%, 3/15/2015 | 2,309,000 | 2,417,269 | ||||||
Sierra Pacific Power Co. 6.00%, 5/15/2016 | 1,277,000 | 1,417,826 | ||||||
Southern California Edison Co. 5.00%, 1/15/2016 | 2,100,000 | 2,267,522 | ||||||
Southern Power Co. 4.88%, 7/15/2015 | 4,371,000 | 4,627,901 | ||||||
The Dayton Power & Light Co. 1.88%, 9/15/2016 (b) | 1,700,000 | 1,717,024 | ||||||
The Southern Co.: | ||||||||
1.95%, 9/1/2016 | 500,000 | 505,913 | ||||||
2.38%, 9/15/2015 | 1,300,000 | 1,329,346 | ||||||
Virginia Electric and Power Co. 5.40%, 1/15/2016 | 2,250,000 | 2,450,946 | ||||||
Wisconsin Electric Power Co. 6.25%, 12/1/2015 | 1,770,000 | 1,951,462 | ||||||
Xcel Energy, Inc. 0.75%, 5/9/2016 | 2,300,000 | 2,280,496 | ||||||
94,507,758 | ||||||||
ELECTRICAL EQUIPMENT — 0.1% | ||||||||
Agilent Technologies, Inc.: | ||||||||
5.50%, 9/14/2015 | 2,250,000 | 2,423,042 | ||||||
6.50%, 11/1/2017 | 900,000 | 1,045,531 | ||||||
3,468,573 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.2% | ||||||||
Amphenol Corp. 4.75%, 11/15/2014 | 1,800,000 | 1,859,931 | ||||||
Arrow Electronics, Inc. 3.38%, 11/1/2015 | 2,500,000 | 2,594,304 | ||||||
Avnet, Inc. 6.00%, 9/1/2015 | 113,000 | 122,047 | ||||||
Emerson Electric Co.: | ||||||||
4.13%, 4/15/2015 | 1,280,000 | 1,336,720 | ||||||
4.75%, 10/15/2015 | 10,000 | 10,740 | ||||||
5,923,742 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.2% | ||||||||
Halliburton Co. 1.00%, 8/1/2016 | 2,200,000 | 2,206,408 | ||||||
Nabors Industries, Inc. 2.35%, 9/15/2016 (b) | 2,600,000 | 2,636,483 | ||||||
Weatherford International, Ltd. 5.50%, 2/15/2016 (a) | 25,000 | 27,127 | ||||||
4,870,018 | ||||||||
FOOD & STAPLES RETAILING — 1.1% | ||||||||
CVS Caremark Corp.: | ||||||||
1.20%, 12/5/2016 | 2,111,000 | 2,119,866 | ||||||
3.25%, 5/18/2015 | 2,300,000 | 2,372,180 | ||||||
5.75%, 6/1/2017 | 4,450,000 | 5,047,649 | ||||||
6.13%, 8/15/2016 | 49,000 | 55,040 | ||||||
Safeway, Inc. 5.63%, 8/15/2014 | 1,500,000 | 1,538,433 | ||||||
Sysco Corp. 0.55%, 6/12/2015 | 1,000,000 | 1,001,068 | ||||||
Wal-Mart Stores, Inc.: | ||||||||
0.60%, 4/11/2016 (a) | 3,650,000 | 3,644,587 | ||||||
2.25%, 7/8/2015 | 3,725,000 | 3,819,206 | ||||||
2.80%, 4/15/2016 | 3,500,000 | 3,642,533 | ||||||
2.88%, 4/1/2015 | 4,250,000 | 4,379,072 | ||||||
4.50%, 7/1/2015 | 1,040,000 | 1,099,256 | ||||||
Walgreen Co.: | ||||||||
1.00%, 3/13/2015 | 2,459,000 | 2,467,329 | ||||||
1.80%, 9/15/2017 | 300,000 | 301,741 | ||||||
31,487,960 | ||||||||
FOOD PRODUCTS — 2.0% | ||||||||
Bunge Ltd. Finance Corp.: | ||||||||
4.10%, 3/15/2016 | 3,545,000 | 3,735,000 | ||||||
5.10%, 7/15/2015 | 2,136,000 | 2,259,736 | ||||||
ConAgra Foods, Inc.: | ||||||||
1.30%, 1/25/2016 | 4,757,000 | 4,784,585 | ||||||
1.35%, 9/10/2015 | 750,000 | 752,052 | ||||||
General Mills, Inc.: | ||||||||
0.88%, 1/29/2016 (a) | 2,220,000 | 2,220,424 | ||||||
5.20%, 3/17/2015 | 3,595,000 | 3,790,358 | ||||||
Kellogg Co.: | ||||||||
1.13%, 5/15/2015 | 1,750,000 | 1,765,277 | ||||||
1.75%, 5/17/2017 | 3,500,000 | 3,524,346 | ||||||
1.88%, 11/17/2016 | 75,000 | 76,394 | ||||||
4.45%, 5/30/2016 | 3,000,000 | 3,241,298 | ||||||
Kraft Foods Group, Inc. 1.63%, 6/4/2015 | 5,125,000 | 5,192,397 | ||||||
Mondelez International, Inc. 4.13%, 2/9/2016 | 8,383,000 | 8,915,510 | ||||||
Nabisco, Inc. 7.55%, 6/15/2015 | 3,000,000 | 3,293,096 | ||||||
Sara Lee Corp. 2.75%, 9/15/2015 | 1,500,000 | 1,519,610 | ||||||
The Hershey Co.: | ||||||||
1.50%, 11/1/2016 | 50,000 | 49,950 | ||||||
4.85%, 8/15/2015 | 1,750,000 | 1,862,644 | ||||||
The Kroger Co.: | ||||||||
1.20%, 10/17/2016 | 1,500,000 | 1,502,240 | ||||||
2.20%, 1/15/2017 | 1,050,000 | 1,077,505 | ||||||
3.90%, 10/1/2015 | 2,308,000 | 2,436,806 | ||||||
4.95%, 1/15/2015 | 500,000 | 521,232 | ||||||
Tyson Foods, Inc. 6.60%, 4/1/2016 | 2,900,000 | 3,216,100 | ||||||
Unilever Capital Corp.: | ||||||||
0.45%, 7/30/2015 (a) | 1,700,000 | 1,695,039 | ||||||
2.75%, 2/10/2016 | 900,000 | 935,351 | ||||||
58,366,950 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
National Grid PLC 6.30%, 8/1/2016 | 4,740,000 | 5,325,180 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.0% | ||||||||
Baxter International, Inc.: | ||||||||
0.95%, 6/1/2016 | 2,750,000 | 2,758,819 | ||||||
1.85%, 1/15/2017 | 95,000 | 96,019 | ||||||
4.63%, 3/15/2015 (a) | 1,875,000 | 1,963,970 | ||||||
Becton Dickinson and Co. 1.75%, 11/8/2016 | 150,000 | 150,267 |
See accompanying notes to financial statements.
105
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Boston Scientific Corp.: | ||||||||
5.13%, 1/12/2017 | $ | 1,440,000 | $ | 1,587,873 | ||||
6.25%, 11/15/2015 | 1,000,000 | 1,090,935 | ||||||
6.40%, 6/15/2016 | 2,535,000 | 2,851,980 | ||||||
C.R. Bard, Inc. 2.88%, 1/15/2016 | 1,675,000 | 1,739,411 | ||||||
Covidien International Finance SA: | ||||||||
1.35%, 5/29/2015 | 2,000,000 | 2,011,580 | ||||||
2.80%, 6/15/2015 | 2,550,000 | 2,623,431 | ||||||
Medtronic, Inc.: | ||||||||
2.63%, 3/15/2016 (a) | 2,600,000 | 2,706,094 | ||||||
3.00%, 3/15/2015 | 5,160,000 | 5,309,403 | ||||||
4.75%, 9/15/2015 | 927,000 | 992,571 | ||||||
St Jude Medical, Inc. 2.50%, 1/15/2016 (a) | 60,000 | 61,731 | ||||||
Stryker Corp.: | ||||||||
2.00%, 9/30/2016 | 146,000 | 150,084 | ||||||
3.00%, 1/15/2015 | 2,885,000 | 2,957,940 | ||||||
29,052,108 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 1.5% | ||||||||
Aetna, Inc. 6.00%, 6/15/2016 | 5,100,000 | 5,695,096 | ||||||
AmerisourceBergen Corp. 5.88%, 9/15/2015 (a) | 2,116,000 | 2,284,496 | ||||||
Cardinal Health, Inc. 4.00%, 6/15/2015 | 1,425,000 | 1,487,973 | ||||||
Coventry Health Care, Inc. 5.95%, 3/15/2017 | 900,000 | 1,020,694 | ||||||
Humana, Inc. 6.45%, 6/1/2016 | 2,350,000 | 2,633,050 | ||||||
Laboratory Corp. of America Holdings: | ||||||||
3.13%, 5/15/2016 | 2,000,000 | 2,060,036 | ||||||
5.63%, 12/15/2015 | 1,200,000 | 1,302,178 | ||||||
Quest Diagnostics, Inc.: | ||||||||
3.20%, 4/1/2016 (a) | 1,500,000 | 1,550,594 | ||||||
5.45%, 11/1/2015 | 3,200,000 | 3,441,828 | ||||||
UnitedHealth Group, Inc.: | ||||||||
0.85%, 10/15/2015 (a) | 1,915,000 | 1,919,555 | ||||||
1.88%, 11/15/2016 (a) | 150,000 | 153,339 | ||||||
4.88%, 3/15/2015 | 2,275,000 | 2,389,202 | ||||||
5.38%, 3/15/2016 (a) | 2,050,000 | 2,237,318 | ||||||
6.00%, 2/15/2018 | 5,235,000 | 6,059,994 | ||||||
WellPoint, Inc.: | ||||||||
1.25%, 9/10/2015 | 3,400,000 | 3,426,459 | ||||||
5.25%, 1/15/2016 | 5,150,000 | 5,583,462 | ||||||
43,245,274 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.4% | ||||||||
Carnival Corp. 1.20%, 2/5/2016 | 2,350,000 | 2,335,718 | ||||||
Hyatt Hotels Corp. 3.88%, 8/15/2016 | 805,000 | 852,567 | ||||||
Marriott International, Inc.: | ||||||||
5.81%, 11/10/2015 | 500,000 | 542,944 | ||||||
6.20%, 6/15/2016 | 2,044,000 | 2,265,546 | ||||||
Starbucks Corp. 0.88%, 12/5/2016 (a) | 2,402,000 | 2,388,142 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. 7.38%, 11/15/2015 | 1,419,000 | 1,570,747 | ||||||
Yum! Brands, Inc.: | ||||||||
4.25%, 9/15/2015 | 861,000 | 909,160 | ||||||
6.25%, 4/15/2016 | 1,431,000 | 1,593,103 | ||||||
12,457,927 | ||||||||
HOUSEHOLD DURABLES — 0.3% | ||||||||
MDC Holdings, Inc. 5.38%, 7/1/2015 | 2,000,000 | 2,100,000 | ||||||
Mohawk Industries, Inc. 6.13%, 1/15/2016 | 4,780,000 | 5,277,120 | ||||||
Newell Rubbermaid, Inc. 2.00%, 6/15/2015 | 1,900,000 | 1,926,116 | ||||||
9,303,236 | ||||||||
HOUSEHOLD PRODUCTS — 0.3% | ||||||||
Kimberly-Clark Corp.: | ||||||||
4.88%, 8/15/2015 | 1,010,000 | 1,079,494 | ||||||
6.13%, 8/1/2017 | 100,000 | 116,122 | ||||||
The Clorox Co.: | ||||||||
3.55%, 11/1/2015 | 1,250,000 | 1,311,587 | ||||||
5.00%, 1/15/2015 | 1,750,000 | 1,825,776 | ||||||
The Procter & Gamble Co.: | ||||||||
1.45%, 8/15/2016 | 1,380,000 | 1,402,662 | ||||||
1.80%, 11/15/2015 | 3,900,000 | 3,989,503 | ||||||
9,725,144 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2% | ||||||||
Constellation Energy Group, Inc. 4.55%, 6/15/2015 | 2,658,000 | 2,782,305 | ||||||
TransAlta Corp. 4.75%, 1/15/2015 | 2,016,000 | 2,088,470 | ||||||
4,870,775 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.8% | ||||||||
3M Co. 1.38%, 9/29/2016 | 4,029,000 | 4,090,025 | ||||||
Cooper US, Inc.: | ||||||||
2.38%, 1/15/2016 | 750,000 | 766,693 | ||||||
5.45%, 4/1/2015 | 740,000 | 781,596 | ||||||
Eaton Corp. 0.95%, 11/2/2015 | 4,410,000 | 4,426,380 | ||||||
General Electric Co. 0.85%, 10/9/2015 | 9,200,000 | 9,250,899 | ||||||
Pentair Finance SA 1.35%, 12/1/2015 | 2,250,000 | 2,265,514 | ||||||
Tyco Electronics Group SA 1.60%, 2/3/2015 | 1,445,000 | 1,455,526 | ||||||
Tyco International Finance SA 3.38%, 10/15/2015 | 1,459,000 | 1,513,769 | ||||||
24,550,402 | ||||||||
INSURANCE — 3.0% | ||||||||
ACE INA Holdings, Inc.: | ||||||||
2.60%, 11/23/2015 | 2,705,000 | 2,794,494 | ||||||
5.60%, 5/15/2015 | 2,000,000 | 2,128,858 | ||||||
Aegon NV 4.63%, 12/1/2015 | 1,840,000 | 1,959,552 |
See accompanying notes to financial statements.
106
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Aflac, Inc. 3.45%, 8/15/2015 (a) | $ | 2,100,000 | $ | 2,191,733 | ||||
American International Group, Inc.: | ||||||||
2.38%, 8/24/2015 | 1,750,000 | 1,785,277 | ||||||
3.00%, 3/20/2015 | 3,383,000 | 3,468,279 | ||||||
4.88%, 9/15/2016 | 3,250,000 | 3,563,708 | ||||||
5.05%, 10/1/2015 | 3,495,000 | 3,745,856 | ||||||
5.45%, 5/18/2017 | 2,455,000 | 2,740,051 | ||||||
AON Corp. 3.13%, 5/27/2016 (a) | 472,000 | 491,012 | ||||||
Berkshire Hathaway Finance Corp.: | ||||||||
0.95%, 8/15/2016 | 3,500,000 | 3,503,101 | ||||||
2.45%, 12/15/2015 | 2,350,000 | 2,428,064 | ||||||
4.85%, 1/15/2015 | 1,069,000 | 1,116,713 | ||||||
Berkshire Hathaway, Inc.: | ||||||||
0.80%, 2/11/2016 | 1,950,000 | 1,949,360 | ||||||
1.90%, 1/31/2017 | 300,000 | 304,163 | ||||||
2.20%, 8/15/2016 | 2,600,000 | 2,679,468 | ||||||
3.20%, 2/11/2015 | 5,250,000 | 5,404,722 | ||||||
CNA Financial Corp. 5.85%, 12/15/2014 | 2,460,000 | 2,567,719 | ||||||
Hartford Financial Services Group, Inc. 4.00%, 3/30/2015 | 1,889,000 | 1,959,383 | ||||||
Lincoln National Corp.: | ||||||||
4.30%, 6/15/2015 | 2,150,000 | 2,249,517 | ||||||
7.00%, 5/17/2066 | 3,500,000 | 3,552,500 | ||||||
Manulife Financial Corp. 3.40%, 9/17/2015 | 500,000 | 518,692 | ||||||
Marsh & McLennan Cos., Inc. 5.75%, 9/15/2015 | 1,000 | 1,080 | ||||||
MetLife, Inc.: | ||||||||
5.00%, 6/15/2015 | 5,021,000 | 5,330,392 | ||||||
6.75%, 6/1/2016 | 5,461,000 | 6,196,788 | ||||||
Principal Life Income Funding Trusts 5.55%, 4/27/2015 (a) | 969,000 | 1,029,859 | ||||||
Prudential Financial, Inc.: | ||||||||
3.00%, 5/12/2016 | 1,462,000 | 1,519,116 | ||||||
3.88%, 1/14/2015 | 3,581,000 | 3,702,485 | ||||||
4.75%, 6/13/2015 (a) | 730,000 | 770,004 | ||||||
4.75%, 9/17/2015 | 4,890,000 | 5,208,395 | ||||||
5.50%, 3/15/2016 | 20,000 | 21,836 | ||||||
6.20%, 1/15/2015 | 657,000 | 693,447 | ||||||
Reinsurance Group of America, Inc. 6.75%, 12/15/2065 | 2,000,000 | 1,985,000 | ||||||
The Travelers Cos., Inc.: | ||||||||
5.50%, 12/1/2015 | 1,130,000 | 1,229,997 | ||||||
6.25%, 6/20/2016 | 1,000,000 | 1,122,102 | ||||||
Transatlantic Holdings, Inc. 5.75%, 12/14/2015 | 1,880,000 | 2,033,718 | ||||||
Unum Group 7.13%, 9/30/2016 | 23,000 | 26,124 | ||||||
Willis Group Holdings PLC 4.13%, 3/15/2016 | 795,000 | 830,979 | ||||||
XL Group PLC 5.25%, 9/15/2014 (a) | 2,600,000 | 2,679,825 | ||||||
87,483,369 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.4% | ||||||||
Amazon.com, Inc. 0.65%, 11/27/2015 (a) | 3,800,000 | 3,803,172 | ||||||
eBay, Inc.: | ||||||||
0.70%, 7/15/2015 | 1,288,000 | 1,291,433 | ||||||
1.63%, 10/15/2015 | 2,483,000 | 2,532,418 | ||||||
Google, Inc. 2.13%, 5/19/2016 | 3,950,000 | 4,081,307 | ||||||
11,708,330 | ||||||||
IT SERVICES — 0.2% | ||||||||
Fiserv, Inc. 3.13%, 6/15/2016 | 940,000 | 978,639 | ||||||
International Business Machines Corp. 0.55%, 2/6/2015 | 4,850,000 | 4,856,052 | ||||||
5,834,691 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.6% | ||||||||
Thermo Fisher Scientific, Inc.: | ||||||||
1.30%, 2/1/2017 | 6,250,000 | 6,239,469 | ||||||
2.25%, 8/15/2016 | 541,000 | 556,104 | ||||||
3.20%, 5/1/2015 | 2,075,000 | 2,135,691 | ||||||
3.20%, 3/1/2016 | 5,600,000 | 5,867,597 | ||||||
3.25%, 11/20/2014 | 1,500,000 | 1,531,856 | ||||||
5.00%, 6/1/2015 | 1,600,000 | 1,688,256 | ||||||
18,018,973 | ||||||||
MACHINERY — 0.3% | ||||||||
Caterpillar, Inc.: | ||||||||
0.95%, 6/26/2015 (a) | 4,400,000 | 4,422,368 | ||||||
5.70%, 8/15/2016 | 123,000 | 137,293 | ||||||
Dover Corp. 4.88%, 10/15/2015 | 1,230,000 | 1,323,736 | ||||||
Harsco Corp. 2.70%, 10/15/2015 | 2,750,000 | 2,791,593 | ||||||
Timken Co. 6.00%, 9/15/2014 | 650,000 | 673,145 | ||||||
9,348,135 | ||||||||
MEDIA — 3.2% | ||||||||
Comcast Corp.: | ||||||||
4.95%, 6/15/2016 | 2,250,000 | 2,450,937 | ||||||
5.85%, 11/15/2015 | 2,900,000 | 3,169,530 | ||||||
5.90%, 3/15/2016 (a) | 4,947,000 | 5,472,592 | ||||||
6.30%, 11/15/2017 | 4,370,000 | 5,063,561 | ||||||
Cox Communications, Inc. 5.50%, 10/1/2015 | 2,846,000 | 3,054,882 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
2.40%, 3/15/2017 | 600,000 | 611,765 | ||||||
3.13%, 2/15/2016 | 3,900,000 | 4,060,524 | ||||||
3.50%, 3/1/2016 | 4,450,000 | 4,666,672 | ||||||
3.55%, 3/15/2015 | 5,875,000 | 6,060,063 | ||||||
Discovery Communications LLC 3.70%, 6/1/2015 | 5,075,000 | 5,280,722 | ||||||
NBCUniversal Media LLC: | ||||||||
2.88%, 4/1/2016 | 3,150,000 | 3,272,772 | ||||||
3.65%, 4/30/2015 (a) | 3,550,000 | 3,691,526 | ||||||
Omnicom Group, Inc. 5.90%, 4/15/2016 (a) | 5,343,000 | 5,906,174 |
See accompanying notes to financial statements.
107
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
TCI Communications, Inc. 8.75%, 8/1/2015 | $ | 3,657,000 | $ | 4,112,486 | ||||
The Interpublic Group of Cos., Inc. 6.25%, 11/15/2014 | 1,550,000 | 1,613,938 | ||||||
The Walt Disney Co.: | ||||||||
0.45%, 12/1/2015 | 1,633,000 | 1,630,641 | ||||||
1.35%, 8/16/2016 | 3,500,000 | 3,544,808 | ||||||
Thomson Reuters Corp.: | ||||||||
0.88%, 5/23/2016 | 3,168,000 | 3,142,601 | ||||||
1.30%, 2/23/2017 | 2,037,000 | 2,023,564 | ||||||
Time Warner Cable, Inc.: | ||||||||
3.50%, 2/1/2015 | 2,486,000 | 2,548,270 | ||||||
5.85%, 5/1/2017 | 150,000 | 163,768 | ||||||
Time Warner, Inc.: | ||||||||
3.15%, 7/15/2015 | 5,100,000 | 5,285,655 | ||||||
5.88%, 11/15/2016 | 3,895,000 | 4,387,986 | ||||||
Viacom, Inc.: | ||||||||
1.25%, 2/27/2015 (a) | 2,100,000 | 2,108,042 | ||||||
2.50%, 12/15/2016 | 2,000,000 | 2,065,492 | ||||||
3.50%, 4/1/2017 | 60,000 | 63,521 | ||||||
4.25%, 9/15/2015 | 1,925,000 | 2,035,710 | ||||||
6.25%, 4/30/2016 | 3,962,000 | 4,423,745 | ||||||
WPP Finance UK 8.00%, 9/15/2014 | 2,225,000 | 2,335,718 | ||||||
94,247,665 | ||||||||
METALS & MINING — 1.5% | ||||||||
BHP Billiton Finance USA, Ltd.: | ||||||||
1.00%, 2/24/2015 | 4,150,000 | 4,170,568 | ||||||
1.63%, 2/24/2017 | 150,000 | 151,092 | ||||||
1.88%, 11/21/2016 (a) | 450,000 | 459,944 | ||||||
5.25%, 12/15/2015 | 2,899,000 | 3,152,608 | ||||||
7.25%, 3/1/2016 | 2,654,000 | 3,010,714 | ||||||
Freeport-McMoRan Copper & Gold, Inc. 1.40%, 2/13/2015 | 2,050,000 | 2,058,716 | ||||||
Rio Tinto Alcan, Inc. 5.00%, 6/1/2015 | 1,643,000 | 1,737,941 | ||||||
Rio Tinto Finance USA PLC: | ||||||||
1.13%, 3/20/2015 (a) | 2,150,000 | 2,161,030 | ||||||
1.38%, 6/17/2016 | 5,350,000 | 5,386,185 | ||||||
Rio Tinto Finance USA, Ltd.: | ||||||||
1.88%, 11/2/2015 | 3,757,000 | 3,831,434 | ||||||
2.25%, 9/20/2016 | 760,000 | 781,371 | ||||||
2.50%, 5/20/2016 (a) | 2,390,000 | 2,470,541 | ||||||
Teck Resources, Ltd. 5.38%, 10/1/2015 (a) | 2,375,000 | 2,546,767 | ||||||
Vale Canada, Ltd. 5.70%, 10/15/2015 (a) | 1,534,000 | 1,643,427 | ||||||
Vale Overseas, Ltd. 6.25%, 1/11/2016 | 4,250,000 | 4,632,413 | ||||||
Xstrata Canada Corp.: | ||||||||
5.38%, 6/1/2015 | 3,150,000 | 3,327,926 | ||||||
6.00%, 10/15/2015 | 1,900,000 | 2,056,090 | ||||||
43,578,767 | ||||||||
MULTI-UTILITIES — 0.2% | ||||||||
DTE Energy Co. 6.35%, 6/1/2016 | 137,000 | 152,656 | ||||||
Integrys Energy Group, Inc. 6.11%, 12/1/2066 | 2,000,000 | 2,020,000 | ||||||
Sempra Energy 6.50%, 6/1/2016 | 1,965,000 | 2,208,514 | ||||||
4,381,170 | ||||||||
MULTILINE RETAIL — 0.2% | ||||||||
Macy’s Retail Holdings, Inc. 7.88%, 7/15/2015 | 1,700,000 | 1,880,917 | ||||||
Target Corp.: | ||||||||
5.38%, 5/1/2017 | 1,350,000 | 1,531,815 | ||||||
5.88%, 7/15/2016 | 2,945,000 | 3,322,611 | ||||||
6,735,343 | ||||||||
OFFICE ELECTRONICS — 0.3% | ||||||||
Xerox Corp.: | ||||||||
4.25%, 2/15/2015 | 3,175,000 | 3,287,447 | ||||||
6.40%, 3/15/2016 | 3,208,000 | 3,557,631 | ||||||
6.75%, 2/1/2017 | 650,000 | 738,982 | ||||||
7.20%, 4/1/2016 | 880,000 | 985,834 | ||||||
8,569,894 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 6.4% | ||||||||
Anadarko Petroleum Corp. 5.95%, 9/15/2016 | 7,995,000 | 8,915,291 | ||||||
BP Capital Markets PLC: | ||||||||
0.70%, 11/6/2015 | 5,325,000 | 5,341,041 | ||||||
1.85%, 5/5/2017 | 300,000 | 303,492 | ||||||
Cameron International Corp.: | ||||||||
1.15%, 12/15/2016 | 2,500,000 | 2,499,588 | ||||||
1.60%, 4/30/2015 | 480,000 | 483,631 | ||||||
Chevron Corp. 0.89%, 6/24/2016 | 2,750,000 | 2,758,318 | ||||||
Colorado Interstate Gas Co. LLC 6.80%, 11/15/2015 | 2,295,000 | 2,548,714 | ||||||
ConocoPhillips: | ||||||||
1.05%, 12/15/2017 (a) | 5,000,000 | 4,897,313 | ||||||
4.60%, 1/15/2015 | 4,585,000 | 4,772,893 | ||||||
ConocoPhillips Canada Funding Co. 5.63%, 10/15/2016 | 1,200,000 | 1,348,513 | ||||||
DCP Midstream Operating LP 3.25%, 10/1/2015 | 565,000 | 576,528 | ||||||
Devon Energy Corp.: | ||||||||
1.20%, 12/15/2016 | 3,062,000 | 3,063,270 | ||||||
1.88%, 5/15/2017 | 250,000 | 251,363 | ||||||
2.40%, 7/15/2016 (a) | 2,910,000 | 3,001,814 | ||||||
Diamond Offshore Drilling, Inc. 4.88%, 7/1/2015 | 2,000,000 | 2,124,197 | ||||||
El Paso Pipeline Partners Operating Co. LLC 4.10%, 11/15/2015 | 2,096,000 | 2,206,742 | ||||||
Enbridge, Inc.: | ||||||||
4.90%, 3/1/2015 | 1,056,000 | 1,105,079 | ||||||
5.60%, 4/1/2017 | 50,000 | 55,406 | ||||||
Energy Transfer Partners LP 5.95%, 2/1/2015 | 3,900,000 | 4,103,714 | ||||||
Ensco PLC 3.25%, 3/15/2016 | 3,425,000 | 3,574,612 | ||||||
Enterprise Products Operating LLC: | ||||||||
1.25%, 8/13/2015 | 3,219,000 | 3,241,912 |
See accompanying notes to financial statements.
108
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
3.20%, 2/1/2016 | $ | 3,973,000 | $ | 4,155,633 | ||||
3.70%, 6/1/2015 | 2,250,000 | 2,337,634 | ||||||
Series I 5.00%, 3/1/2015 | 1,536,000 | 1,609,166 | ||||||
8.38%, 8/1/2066 | 2,089,000 | 2,308,345 | ||||||
EOG Resources, Inc.: | ||||||||
2.50%, 2/1/2016 | 2,500,000 | 2,592,074 | ||||||
2.95%, 6/1/2015 | 1,750,000 | 1,808,783 | ||||||
Kinder Morgan Energy Partners LP: | ||||||||
3.50%, 3/1/2016 | 2,550,000 | 2,674,160 | ||||||
5.63%, 2/15/2015 | 2,573,000 | 2,709,432 | ||||||
Marathon Oil Corp. 0.90%, 11/1/2015 | 5,320,000 | 5,331,023 | ||||||
Marathon Petroleum Corp. 3.50%, 3/1/2016 | 4,422,000 | 4,661,679 | ||||||
Noble Holding International, Ltd.: | ||||||||
3.05%, 3/1/2016 | 1,750,000 | 1,812,698 | ||||||
3.45%, 8/1/2015 | 1,193,000 | 1,236,575 | ||||||
Occidental Petroleum Corp.: | ||||||||
1.75%, 2/15/2017 (a) | 150,000 | 152,115 | ||||||
2.50%, 2/1/2016 (a) | 2,205,000 | 2,286,209 | ||||||
4.13%, 6/1/2016 | 3,000,000 | 3,213,904 | ||||||
ONEOK Partners LP: | ||||||||
3.25%, 2/1/2016 (a) | 3,367,000 | 3,511,011 | ||||||
6.15%, 10/1/2016 | 2,440,000 | 2,736,350 | ||||||
ONEOK, Inc. 5.20%, 6/15/2015 | 2,510,000 | 2,653,080 | ||||||
PC Financial Partnership 5.00%, 11/15/2014 (a) | 3,176,000 | 3,291,483 | ||||||
Phillips 66 1.95%, 3/5/2015 | 3,600,000 | 3,649,021 | ||||||
Pioneer Natural Resources Co. 5.88%, 7/15/2016 | 510,000 | 566,516 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. 3.95%, 9/15/2015 | 3,525,000 | 3,708,013 | ||||||
Shell International Finance BV: | ||||||||
0.63%, 12/4/2015 | 2,750,000 | 2,754,688 | ||||||
3.10%, 6/28/2015 | 6,200,000 | 6,435,881 | ||||||
3.25%, 9/22/2015 (a) | 3,782,000 | 3,958,000 | ||||||
Spectra Energy Capital LLC 5.67%, 8/15/2014 | 3,150,000 | 3,243,662 | ||||||
Sunoco, Inc. 9.63%, 4/15/2015 | 1,649,000 | 1,823,794 | ||||||
Talisman Energy, Inc. 5.13%, 5/15/2015 | 3,000,000 | 3,154,851 | ||||||
Total Capital International SA: | ||||||||
0.75%, 1/25/2016 | 4,250,000 | 4,248,635 | ||||||
1.00%, 8/12/2016 (a) | 2,200,000 | 2,204,778 | ||||||
1.50%, 2/17/2017 | 750,000 | 753,713 | ||||||
1.55%, 6/28/2017 | 900,000 | 901,901 | ||||||
Total Capital SA: | ||||||||
2.30%, 3/15/2016 | 4,495,000 | 4,635,524 | ||||||
3.00%, 6/24/2015 | 4,641,000 | 4,798,934 | ||||||
3.13%, 10/2/2015 | 3,539,000 | 3,695,452 | ||||||
TransCanada PipeLines, Ltd.: | ||||||||
0.75%, 1/15/2016 | 2,625,000 | 2,613,597 | ||||||
0.88%, 3/2/2015 (a) | 2,375,000 | 2,379,390 | ||||||
3.40%, 6/1/2015 | 2,333,000 | 2,423,796 | ||||||
4.88%, 1/15/2015 | 2,050,000 | 2,138,743 | ||||||
Transocean, Inc.: | ||||||||
4.95%, 11/15/2015 | 5,850,000 | 6,267,753 | ||||||
5.05%, 12/15/2016 | 4,950,000 | 5,446,211 | ||||||
Valero Energy Corp. 4.50%, 2/1/2015 | 3,250,000 | 3,377,059 | ||||||
Weatherford International, Inc. 6.35%, 6/15/2017 | 100,000 | 113,600 | ||||||
Williams Partners LP: | ||||||||
3.80%, 2/15/2015 | 3,950,000 | 4,074,621 | ||||||
7.25%, 2/1/2017 | 500,000 | 581,566 | ||||||
188,204,484 | ||||||||
PAPER & FOREST PRODUCTS — 0.1% | ||||||||
Celulosa Arauco y Constitucion SA 5.63%, 4/20/2015 | 1,000,000 | 1,053,560 | ||||||
Georgia-Pacific LLC 7.70%, 6/15/2015 | 750,000 | 821,438 | ||||||
International Paper Co.: | ||||||||
5.25%, 4/1/2016 | 400,000 | 433,838 | ||||||
5.30%, 4/1/2015 | 1,150,000 | 1,211,763 | ||||||
3,520,599 | ||||||||
PERSONAL PRODUCTS — 0.4% | ||||||||
Avon Products, Inc. 2.38%, 3/15/2016 (a) | 1,775,000 | 1,796,347 | ||||||
The Procter & Gamble Co.: | ||||||||
0.75%, 11/4/2016 | 4,900,000 | 4,877,274 | ||||||
3.15%, 9/1/2015 (a) | 2,000,000 | 2,081,860 | ||||||
4.85%, 12/15/2015 | 2,425,000 | 2,616,370 | ||||||
11,371,851 | ||||||||
PHARMACEUTICALS — 3.8% | ||||||||
AbbVie, Inc. 1.20%, 11/6/2015 | 15,575,000 | 15,738,953 | ||||||
Allergan, Inc. 5.75%, 4/1/2016 | 1,200,000 | 1,310,832 | ||||||
Express Scripts Holding Co.: | ||||||||
2.10%, 2/12/2015 | 4,579,000 | 4,640,470 | ||||||
3.13%, 5/15/2016 | 7,247,000 | 7,578,213 | ||||||
3.50%, 11/15/2016 | 5,775,000 | 6,120,950 | ||||||
GlaxoSmithKline Capital PLC 0.75%, 5/8/2015 (a) | 3,750,000 | 3,756,258 | ||||||
GlaxoSmithKline Capital, Inc. 0.70%, 3/18/2016 | 4,100,000 | 4,085,131 | ||||||
Johnson & Johnson 2.15%, 5/15/2016 | 3,000,000 | 3,103,904 | ||||||
McKesson Corp.: | ||||||||
0.95%, 12/4/2015 | 3,650,000 | 3,650,979 | ||||||
3.25%, 3/1/2016 | 2,082,000 | 2,176,844 | ||||||
Medco Health Solutions, Inc. 2.75%, 9/15/2015 | 2,426,000 | 2,500,695 | ||||||
Merck & Co., Inc.: | ||||||||
0.70%, 5/18/2016 | 3,000,000 | 2,995,359 | ||||||
1.10%, 1/31/2018 | 5,000,000 | 4,884,584 | ||||||
2.25%, 1/15/2016 | 2,250,000 | 2,312,349 | ||||||
Merck Sharp & Dohme Corp.: | ||||||||
4.00%, 6/30/2015 (a) | 5,000,000 | 5,255,639 | ||||||
4.75%, 3/1/2015 | 2,000,000 | 2,098,842 | ||||||
Mylan, Inc.: | ||||||||
1.35%, 11/29/2016 | 1,807,000 | 1,803,622 |
See accompanying notes to financial statements.
109
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
1.80%, 6/24/2016 (b) | $ | 3,687,000 | $ | 3,739,484 | ||||
Novartis Capital Corp. 2.90%, 4/24/2015 | 4,550,000 | 4,694,889 | ||||||
Perrigo Co. PLC 1.30%, 11/8/2016 (b) | 2,745,000 | 2,739,197 | ||||||
Pfizer, Inc. 5.35%, 3/15/2015 | 6,974,000 | 7,373,363 | ||||||
Sanofi 2.63%, 3/29/2016 (a) | 5,875,000 | 6,097,548 | ||||||
Teva Pharmaceutical Finance Co. BV 2.40%, 11/10/2016 | 1,825,000 | 1,872,546 | ||||||
Teva Pharmaceutical Finance II BV/Teva Pharmaceutical Finance III LLC 3.00%, 6/15/2015 | 4,698,000 | 4,837,857 | ||||||
Wyeth LLC 5.50%, 2/15/2016 | 3,500,000 | 3,837,203 | ||||||
Zoetis, Inc. 1.15%, 2/1/2016 | 2,950,000 | 2,961,184 | ||||||
112,166,895 | ||||||||
PROFESSIONAL SERVICES — 0.0% (c) | ||||||||
The Dun & Bradstreet Corp. 2.88%, 11/15/2015 | 1,230,000 | 1,266,034 | ||||||
REAL ESTATE INVESTMENT TRUSTS — 1.7% | ||||||||
BioMed Realty LP 3.85%, 4/15/2016 | 2,275,000 | 2,375,645 | ||||||
Boston Properties LP 5.63%, 4/15/2015 | 4,334,000 | 4,597,739 | ||||||
Digital Realty Trust LP 4.50%, 7/15/2015 (a) | 3,900,000 | 4,064,886 | ||||||
Duke Realty LP 7.38%, 2/15/2015 | 1,800,000 | 1,923,792 | ||||||
ERP Operating LP: | ||||||||
5.13%, 3/15/2016 | 550,000 | 595,387 | ||||||
5.38%, 8/1/2016 | 920,000 | 1,014,045 | ||||||
6.58%, 4/13/2015 | 2,000,000 | 2,143,731 | ||||||
HCP, Inc.: | ||||||||
3.75%, 2/1/2016 | 3,543,000 | 3,715,902 | ||||||
6.30%, 9/15/2016 | 500,000 | 560,754 | ||||||
Health Care REIT, Inc.: | ||||||||
3.63%, 3/15/2016 | 600,000 | 623,355 | ||||||
5.88%, 5/15/2015 | 2,000,000 | 2,122,148 | ||||||
6.20%, 6/1/2016 | 1,765,000 | 1,955,543 | ||||||
Hospitality Properties Trust 5.13%, 2/15/2015 | 1,500,000 | 1,534,794 | ||||||
Kilroy Realty LP 5.00%, 11/3/2015 | 1,000,000 | 1,060,488 | ||||||
Kimco Realty Corp. 5.70%, 5/1/2017 | 4,000,000 | 4,464,174 | ||||||
Liberty Property LP 5.13%, 3/2/2015 | 1,195,000 | 1,250,948 | ||||||
Realty Income Corp. 5.95%, 9/15/2016 | 500,000 | 554,881 | ||||||
Simon Property Group LP: | ||||||||
2.80%, 1/30/2017 | 350,000 | 360,719 | ||||||
4.20%, 2/1/2015 (a) | 2,621,000 | 2,695,638 | ||||||
5.10%, 6/15/2015 | 2,760,000 | 2,929,903 | ||||||
5.25%, 12/1/2016 | 50,000 | 55,075 | ||||||
5.75%, 12/1/2015 | 1,553,000 | 1,680,623 | ||||||
6.10%, 5/1/2016 | 434,000 | 477,479 | ||||||
Tanger Properties LP 6.15%, 11/15/2015 | 1,953,000 | 2,139,610 | ||||||
UDR, Inc. 5.25%, 1/15/2015 | 425,000 | 443,005 | ||||||
Ventas Realty LP/Ventas Capital Corp.: | ||||||||
1.55%, 9/26/2016 | 1,891,000 | 1,897,782 | ||||||
3.13%, 11/30/2015 | 560,000 | 580,486 | ||||||
Vornado Realty LP 4.25%, 4/1/2015 | 2,350,000 | 2,424,472 | ||||||
50,243,004 | ||||||||
ROAD & RAIL — 0.3% | ||||||||
Burlington Northern Santa Fe LLC: | ||||||||
4.88%, 1/15/2015 | 1,625,000 | 1,694,478 | ||||||
5.75%, 3/15/2018 (a) | 1,000,000 | 1,142,783 | ||||||
Canadian National Railway Co. 5.80%, 6/1/2016 | 35,000 | 38,809 | ||||||
CSX Corp. 6.25%, 4/1/2015 | 2,326,000 | 2,483,749 | ||||||
Norfolk Southern Corp. 5.75%, 1/15/2016 (a) | 1,850,000 | 2,024,316 | ||||||
Ryder System, Inc.: | ||||||||
3.60%, 3/1/2016 (a) | 375,000 | 386,156 | ||||||
5.85%, 11/1/2016 | 50,000 | 55,006 | ||||||
7.20%, 9/1/2015 | 15,000 | 16,442 | ||||||
Union Pacific Corp. 4.88%, 1/15/2015 | 1,193,000 | 1,245,408 | ||||||
9,087,147 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.6% | ||||||||
Analog Devices, Inc. 3.00%, 4/15/2016 | 2,147,000 | 2,221,840 | ||||||
Broadcom Corp. 2.38%, 11/1/2015 | 2,400,000 | 2,464,395 | ||||||
Intel Corp. 1.95%, 10/1/2016 | 6,000,000 | 6,179,709 | ||||||
National Semiconductor Corp. 3.95%, 4/15/2015 | 1,080,000 | 1,125,436 | ||||||
Texas Instruments, Inc.: | ||||||||
0.45%, 8/3/2015 | 2,900,000 | 2,894,693 | ||||||
2.38%, 5/16/2016 (a) | 3,500,000 | 3,628,939 | ||||||
18,515,012 | ||||||||
SOFTWARE — 0.8% | ||||||||
Adobe Systems, Inc. 3.25%, 2/1/2015 | 2,450,000 | 2,515,526 | ||||||
CA, Inc. 6.13%, 12/1/2014 | 2,500,000 | 2,616,221 | ||||||
Fiserv, Inc. 3.13%, 10/1/2015 | 2,119,000 | 2,195,556 | ||||||
Microsoft Corp.: | ||||||||
1.63%, 9/25/2015 | 6,600,000 | 6,728,448 | ||||||
2.50%, 2/8/2016 (a) | 2,000,000 | 2,080,749 | ||||||
Oracle Corp. 5.25%, 1/15/2016 | 4,475,000 | 4,889,752 |
See accompanying notes to financial statements.
110
SPDR Barclays Short Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Symantec Corp. 2.75%, 9/15/2015 | $ | 2,000,000 | $ | 2,061,234 | ||||
23,087,486 | ||||||||
SPECIALTY RETAIL — 1.0% | ||||||||
AutoZone, Inc.: | ||||||||
5.50%, 11/15/2015 (a) | 2,050,000 | 2,225,225 | ||||||
5.75%, 1/15/2015 | 2,110,000 | 2,216,345 | ||||||
Costco Wholesale Corp. 0.65%, 12/7/2015 (a) | 4,650,000 | 4,661,089 | ||||||
Lowe’s Cos., Inc.: | ||||||||
2.13%, 4/15/2016 | 1,125,000 | 1,159,627 | ||||||
5.00%, 10/15/2015 (a) | 2,825,000 | 3,040,238 | ||||||
McDonald’s Corp. 0.75%, 5/29/2015 | 1,000,000 | 1,002,865 | ||||||
The Home Depot, Inc. 5.40%, 3/1/2016 (a) | 11,258,000 | 12,389,680 | ||||||
TJX Cos., Inc. 4.20%, 8/15/2015 | 100,000 | 105,425 | ||||||
Wal-Mart Stores, Inc. 1.50%, 10/25/2015 | 3,350,000 | 3,395,493 | ||||||
30,195,987 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Murray Street Investment Trust I 4.65%, 3/9/2017 | 150,000 | 161,786 | ||||||
Santander Holdings USA, Inc. 3.00%, 9/24/2015 | 2,010,000 | 2,061,780 | ||||||
2,223,566 | ||||||||
TOBACCO — 0.6% | ||||||||
Altria Group, Inc. 4.13%, 9/11/2015 | 4,780,000 | 5,043,930 | ||||||
Lorillard Tobacco Co. 3.50%, 8/4/2016 (a) | 2,650,000 | 2,787,966 | ||||||
Philip Morris International, Inc.: | ||||||||
1.63%, 3/20/2017 | 150,000 | 150,880 | ||||||
2.50%, 5/16/2016 | 5,600,000 | 5,805,258 | ||||||
Reynolds American, Inc.: | ||||||||
1.05%, 10/30/2015 | 2,133,000 | 2,138,178 | ||||||
6.75%, 6/15/2017 | 50,000 | 57,282 | ||||||
15,983,494 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 2.9% | ||||||||
Alltel Corp. 7.00%, 3/15/2016 (a) | 3,750,000 | 4,211,787 | ||||||
America Movil SAB de CV: | ||||||||
2.38%, 9/8/2016 | 7,900,000 | 8,092,669 | ||||||
3.63%, 3/30/2015 (a) | 1,500,000 | 1,544,791 | ||||||
5.75%, 1/15/2015 | 3,000,000 | 3,138,749 | ||||||
American Tower Corp. 4.63%, 4/1/2015 | 2,625,000 | 2,742,007 | ||||||
Deutsche Telekom International Finance BV 5.75%, 3/23/2016 (a) | 4,000,000 | 4,392,710 | ||||||
Embarq Corp. 7.08%, 6/1/2016 (a) | 6,100,000 | 6,801,500 | ||||||
France Telecom SA: | ||||||||
2.13%, 9/16/2015 | 3,750,000 | 3,822,167 | ||||||
2.75%, 9/14/2016 (a) | 4,450,000 | 4,612,869 | ||||||
Rogers Communications, Inc.: | ||||||||
6.75%, 3/15/2015 | 1,048,000 | 1,122,174 | ||||||
7.50%, 3/15/2015 | 1,473,000 | 1,590,475 | ||||||
Telecom Italia Capital SA 4.95%, 9/30/2014 | 2,600,000 | 2,661,750 | ||||||
Telefonica Emisiones SAU: | ||||||||
3.73%, 4/27/2015 | 1,750,000 | 1,808,194 | ||||||
3.99%, 2/16/2016 | 7,647,000 | 8,033,195 | ||||||
4.95%, 1/15/2015 (a) | 3,375,000 | 3,504,661 | ||||||
6.42%, 6/20/2016 (a) | 5,924,000 | 6,595,106 | ||||||
Telefonos de Mexico SAB de CV 5.50%, 1/27/2015 | 2,700,000 | 2,821,676 | ||||||
Vodafone Group PLC: | ||||||||
0.90%, 2/19/2016 | 2,777,000 | 2,764,403 | ||||||
2.88%, 3/16/2016 (a) | 3,413,000 | 3,539,791 | ||||||
3.38%, 11/24/2015 | 2,100,000 | 2,198,115 | ||||||
5.00%, 9/15/2015 | 3,850,000 | 4,124,291 | ||||||
5.38%, 1/30/2015 | 2,325,000 | 2,438,529 | ||||||
5.75%, 3/15/2016 | 3,150,000 | 3,459,844 | ||||||
86,021,453 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $2,876,367,539) | 2,886,226,432 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 3.1% | ||||||||
MONEY MARKET FUNDS — 3.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 63,371,445 | 63,371,445 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 25,800,478 | 25,800,478 | ||||||
TOTAL SHORT TERM INVESTMENTS — (g) | ||||||||
(Cost $89,171,923) | 89,171,923 | |||||||
TOTAL INVESTMENTS — 101.7% (h) | ||||||||
(Cost $2,965,539,462) | 2,975,398,355 | |||||||
OTHER ASSETS & LIABILITIES — (1.7)% | (48,591,512 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,926,806,843 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(b) | 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, 2013, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(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) | 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
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
111
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 98.9% | ||||||||
AEROSPACE & DEFENSE — 1.4% | ||||||||
Embraer SA 5.15%, 6/15/2022 (a) | $ | 250,000 | $ | 250,000 | ||||
General Dynamics Corp.: | ||||||||
1.00%, 11/15/2017 | 150,000 | 145,488 | ||||||
2.25%, 7/15/2016 | 500,000 | 517,088 | ||||||
Honeywell International, Inc.: | ||||||||
4.25%, 3/1/2021 | 100,000 | 107,622 | ||||||
5.00%, 2/15/2019 | 315,000 | 354,444 | ||||||
L-3 Communications Corp.: | ||||||||
3.95%, 11/15/2016 | 50,000 | 53,190 | ||||||
4.75%, 7/15/2020 | 250,000 | 259,711 | ||||||
5.20%, 10/15/2019 | 250,000 | 271,568 | ||||||
Lockheed Martin Corp.: | ||||||||
3.35%, 9/15/2021 | 150,000 | 148,815 | ||||||
4.25%, 11/15/2019 | 145,000 | 156,408 | ||||||
Northrop Grumman Corp. 1.75%, 6/1/2018 | 400,000 | 391,011 | ||||||
Precision Castparts Corp.: | ||||||||
1.25%, 1/15/2018 | 250,000 | 244,305 | ||||||
2.50%, 1/15/2023 | 300,000 | 272,831 | ||||||
Raytheon Co. 3.13%, 10/15/2020 | 400,000 | 400,666 | ||||||
Rockwell Collins, Inc. 3.70%, 12/15/2023 | 200,000 | 199,056 | ||||||
Textron, Inc.: | ||||||||
4.63%, 9/21/2016 | 100,000 | 105,865 | ||||||
5.95%, 9/21/2021 | 250,000 | 274,996 | ||||||
The Boeing Co.: | ||||||||
3.50%, 2/15/2015 | 425,000 | 439,172 | ||||||
4.88%, 2/15/2020 | 225,000 | 250,195 | ||||||
United Technologies Corp.: | ||||||||
1.80%, 6/1/2017 | 333,000 | 337,565 | ||||||
3.10%, 6/1/2022 | 300,000 | 293,301 | ||||||
4.50%, 4/15/2020 | 250,000 | 274,083 | ||||||
5.38%, 12/15/2017 | 320,000 | 363,648 | ||||||
6,111,028 | ||||||||
AIR FREIGHT & LOGISTICS — 0.3% | ||||||||
FedEx Corp.: | ||||||||
2.70%, 4/15/2023 | 100,000 | 89,869 | ||||||
8.00%, 1/15/2019 | 150,000 | 184,926 | ||||||
United Parcel Service of America, Inc. 8.38%, 4/1/2020 | 100,000 | 129,708 | ||||||
United Parcel Service, Inc.: | ||||||||
2.45%, 10/1/2022 | 250,000 | 231,122 | ||||||
3.13%, 1/15/2021 (a) | 250,000 | 250,592 | ||||||
5.13%, 4/1/2019 | 250,000 | 284,231 | ||||||
1,170,448 | ||||||||
AIRLINES — 0.1% | ||||||||
Delta Air Lines 2010-2 Pass Through Trust, Class A 4.95%, 11/23/2020 | 116,140 | 125,432 | ||||||
Delta Air Lines 2012-1 Pass Through Trust, Class A 4.75%, 5/7/2020 | 185,986 | 198,540 | ||||||
United Air Lines, Inc. Pass Through Trust, Class A 9.75%, 7/15/2018 | 164,719 | 188,191 | ||||||
512,163 | ||||||||
AUTO COMPONENTS — 0.1% | ||||||||
Johnson Controls, Inc.: | ||||||||
4.25%, 3/1/2021 | 250,000 | 260,059 | ||||||
5.00%, 3/30/2020 | 150,000 | 164,219 | ||||||
424,278 | ||||||||
BEVERAGES — 2.6% | ||||||||
Anheuser-Busch InBev Finance, Inc.: | ||||||||
0.80%, 1/15/2016 | 300,000 | 300,208 | ||||||
2.63%, 1/17/2023 | 250,000 | 231,192 | ||||||
Anheuser-Busch InBev Worldwide, Inc.: | ||||||||
0.80%, 7/15/2015 | 150,000 | 150,491 | ||||||
1.38%, 7/15/2017 | 988,000 | 984,174 | ||||||
2.50%, 7/15/2022 | 300,000 | 276,819 | ||||||
2.88%, 2/15/2016 (a) | 45,000 | 46,897 | ||||||
3.63%, 4/15/2015 | 300,000 | 311,767 | ||||||
4.13%, 1/15/2015 | 195,000 | 202,137 | ||||||
5.38%, 1/15/2020 | 415,000 | 471,344 | ||||||
7.75%, 1/15/2019 | 450,000 | 559,078 | ||||||
Beam, Inc. 1.75%, 6/15/2018 | 250,000 | 243,298 | ||||||
Coca-Cola Enterprises, Inc.: | ||||||||
2.13%, 9/15/2015 | 250,000 | 255,874 | ||||||
3.50%, 9/15/2020 | 150,000 | 150,823 | ||||||
Diageo Capital PLC: | ||||||||
2.63%, 4/29/2023 | 150,000 | 136,737 | ||||||
4.83%, 7/15/2020 | 250,000 | 276,837 | ||||||
5.75%, 10/23/2017 | 475,000 | 542,142 | ||||||
Diageo Finance BV 3.25%, 1/15/2015 | 390,000 | 400,828 | ||||||
Dr. Pepper Snapple Group, Inc.: | ||||||||
2.00%, 1/15/2020 | 44,000 | 41,381 | ||||||
2.60%, 1/15/2019 | 200,000 | 202,004 | ||||||
3.20%, 11/15/2021 | 200,000 | 193,124 | ||||||
6.82%, 5/1/2018 | 400,000 | 472,015 | ||||||
Fomento Economico Mexicano SAB de CV 2.88%, 5/10/2023 | 250,000 | 219,243 | ||||||
PepsiCo, Inc.: | ||||||||
0.70%, 8/13/2015 | 450,000 | 451,260 | ||||||
1.25%, 8/13/2017 | 200,000 | 198,681 | ||||||
2.50%, 5/10/2016 | 300,000 | 312,136 | ||||||
2.75%, 3/1/2023 | 150,000 | 138,372 | ||||||
3.00%, 8/25/2021 | 320,000 | 312,337 | ||||||
3.10%, 1/15/2015 | 160,000 | 164,076 | ||||||
3.13%, 11/1/2020 | 250,000 | 250,266 | ||||||
5.00%, 6/1/2018 | 285,000 | 321,124 | ||||||
The Coca-Cola Co.: | ||||||||
0.75%, 3/13/2015 | 100,000 | 100,196 | ||||||
1.50%, 11/15/2015 | 500,000 | 509,533 | ||||||
1.65%, 3/14/2018 | 250,000 | 249,415 | ||||||
1.65%, 11/1/2018 | 500,000 | 491,569 | ||||||
1.80%, 9/1/2016 | 200,000 | 205,075 | ||||||
2.45%, 11/1/2020 | 250,000 | 243,707 | ||||||
3.15%, 11/15/2020 | 270,000 | 272,875 |
See accompanying notes to financial statements.
112
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
3.20%, 11/1/2023 | $ | 250,000 | $ | 241,628 | ||||
3.30%, 9/1/2021 | 300,000 | 301,871 | ||||||
11,432,534 | ||||||||
BIOTECHNOLOGY — 1.0% | ||||||||
Amgen, Inc.: | ||||||||
2.13%, 5/15/2017 | 200,000 | 203,646 | ||||||
2.30%, 6/15/2016 | 400,000 | 410,951 | ||||||
3.45%, 10/1/2020 | 300,000 | 304,380 | ||||||
3.63%, 5/15/2022 | 150,000 | 148,583 | ||||||
4.10%, 6/15/2021 | 100,000 | 104,526 | ||||||
5.70%, 2/1/2019 | 250,000 | 288,377 | ||||||
5.85%, 6/1/2017 | 100,000 | 113,475 | ||||||
6.15%, 6/1/2018 | 150,000 | 175,027 | ||||||
Biogen Idec, Inc. 6.88%, 3/1/2018 | 150,000 | 174,531 | ||||||
Celgene Corp.: | ||||||||
1.90%, 8/15/2017 | 850,000 | 853,327 | ||||||
3.25%, 8/15/2022 | 100,000 | 94,874 | ||||||
4.00%, 8/15/2023 | 100,000 | 99,151 | ||||||
Genentech, Inc. 4.75%, 7/15/2015 | 150,000 | 159,555 | ||||||
Gilead Sciences, Inc.: | ||||||||
4.40%, 12/1/2021 | 250,000 | 266,197 | ||||||
4.50%, 4/1/2021 | 375,000 | 401,113 | ||||||
Life Technologies Corp. 3.50%, 1/15/2016 | 500,000 | 522,931 | ||||||
4,320,644 | ||||||||
BUILDING MATERIALS — 0.1% | ||||||||
CRH America, Inc. 6.00%, 9/30/2016 | 359,000 | 402,149 | ||||||
BUILDING PRODUCTS — 0.1% | ||||||||
Owens Corning: | ||||||||
4.20%, 12/15/2022 | 600,000 | 573,730 | ||||||
9.00%, 6/15/2019 | 45,000 | 54,679 | ||||||
628,409 | ||||||||
CAPITAL MARKETS — 5.8% | ||||||||
Ameriprise Financial, Inc. 5.30%, 3/15/2020 | 150,000 | 167,978 | ||||||
Ares Capital Corp. 4.88%, 11/30/2018 | 100,000 | 102,000 | ||||||
BlackRock, Inc.: | ||||||||
3.38%, 6/1/2022 | 350,000 | 344,140 | ||||||
5.00%, 12/10/2019 | 356,000 | 400,505 | ||||||
HSBC Finance Capital Trust IX 5.91%, 11/30/2035 (b) | 200,000 | 207,000 | ||||||
HSBC USA, Inc. 1.63%, 1/16/2018 (a) | 200,000 | 196,813 | ||||||
Jefferies Group, Inc. 5.13%, 4/13/2018 | 350,000 | 378,388 | ||||||
Morgan Stanley: | ||||||||
2.13%, 4/25/2018 (a) | 568,000 | 563,983 | ||||||
3.45%, 11/2/2015 | 1,500,000 | 1,564,280 | ||||||
3.75%, 2/25/2023 (a) | 1,096,000 | 1,067,166 | ||||||
3.80%, 4/29/2016 | 1,950,000 | 2,060,674 | ||||||
4.10%, 5/22/2023 | 250,000 | 241,523 | ||||||
5.50%, 1/26/2020 | 250,000 | 279,189 | ||||||
5.50%, 7/28/2021 | 700,000 | 779,759 | ||||||
5.55%, 4/27/2017 | 500,000 | 557,828 | ||||||
5.63%, 9/23/2019 | 635,000 | 718,960 | ||||||
5.75%, 10/18/2016 | 600,000 | 669,309 | ||||||
5.75%, 1/25/2021 | 50,000 | 56,463 | ||||||
6.00%, 4/28/2015 | 150,000 | 159,565 | ||||||
6.63%, 4/1/2018 | 600,000 | 699,499 | ||||||
7.30%, 5/13/2019 | 400,000 | 486,033 | ||||||
Northern Trust Corp.: | ||||||||
3.38%, 8/23/2021 | 150,000 | 151,184 | ||||||
3.45%, 11/4/2020 | 100,000 | 102,967 | ||||||
TD Ameritrade Holding Corp. 5.60%, 12/1/2019 | 145,000 | 164,978 | ||||||
The Bank of New York Mellon Corp.: | ||||||||
0.70%, 10/23/2015 | 120,000 | 120,354 | ||||||
1.97%, 6/20/2017 | 150,000 | 151,163 | ||||||
2.30%, 7/28/2016 (a) | 70,000 | 72,279 | ||||||
3.10%, 1/15/2015 | 640,000 | 657,316 | ||||||
3.55%, 9/23/2021 (a) | 375,000 | 381,152 | ||||||
4.15%, 2/1/2021 | 250,000 | 264,824 | ||||||
The Bear Stearns Cos. LLC: | ||||||||
4.65%, 7/2/2018 | 250,000 | 272,336 | ||||||
5.55%, 1/22/2017 | 500,000 | 552,591 | ||||||
7.25%, 2/1/2018 | 845,000 | 1,009,379 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
2.38%, 1/22/2018 | 1,225,000 | 1,226,751 | ||||||
2.90%, 7/19/2018 | 500,000 | 508,813 | ||||||
3.63%, 2/7/2016 | 1,150,000 | 1,206,042 | ||||||
3.63%, 1/22/2023 (a) | 750,000 | 725,068 | ||||||
3.70%, 8/1/2015 | 1,250,000 | 1,302,156 | ||||||
5.13%, 1/15/2015 | 400,000 | 417,367 | ||||||
5.25%, 7/27/2021 | 650,000 | 711,176 | ||||||
5.38%, 3/15/2020 | 400,000 | 444,855 | ||||||
5.63%, 1/15/2017 | 350,000 | 385,724 | ||||||
5.75%, 1/24/2022 | 400,000 | 449,087 | ||||||
5.95%, 1/18/2018 | 1,100,000 | 1,250,301 | ||||||
6.00%, 6/15/2020 | 550,000 | 630,291 | ||||||
6.15%, 4/1/2018 | 60,000 | 68,807 | ||||||
7.50%, 2/15/2019 | 150,000 | 182,317 | ||||||
25,110,333 | ||||||||
CHEMICALS — 1.9% | ||||||||
Agrium, Inc. 3.50%, 6/1/2023 | 350,000 | 327,020 | ||||||
Air Products & Chemicals, Inc.: | ||||||||
2.00%, 8/2/2016 | 55,000 | 56,165 | ||||||
4.38%, 8/21/2019 | 100,000 | 108,499 | ||||||
Airgas, Inc. 1.65%, 2/15/2018 | 250,000 | 244,243 | ||||||
CF Industries, Inc. 7.13%, 5/1/2020 | 350,000 | 411,551 | ||||||
E.I. du Pont de Nemours & Co.: | ||||||||
2.80%, 2/15/2023 | 250,000 | 229,832 | ||||||
3.25%, 1/15/2015 | 150,000 | 154,164 | ||||||
4.25%, 4/1/2021 | 50,000 | 52,850 | ||||||
4.63%, 1/15/2020 | 50,000 | 54,725 | ||||||
5.25%, 12/15/2016 | 250,000 | 279,967 | ||||||
6.00%, 7/15/2018 | 250,000 | 290,965 | ||||||
Eastman Chemical Co.: | ||||||||
3.00%, 12/15/2015 | 150,000 | 155,540 | ||||||
3.60%, 8/15/2022 | 350,000 | 335,979 |
See accompanying notes to financial statements.
113
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Ecolab, Inc.: | ||||||||
1.00%, 8/9/2015 | $ | 94,000 | $ | 94,320 | ||||
4.35%, 12/8/2021 | 300,000 | 313,148 | ||||||
International Flavors & Fragrances, Inc. 3.20%, 5/1/2023 | 50,000 | 46,327 | ||||||
Lubrizol Corp. 8.88%, 2/1/2019 | 150,000 | 193,404 | ||||||
LYB International Finance BV 4.00%, 7/15/2023 | 40,000 | 39,354 | ||||||
LyondellBasell Industries NV 6.00%, 11/15/2021 | 500,000 | 573,951 | ||||||
Methanex Corp. 3.25%, 12/15/2019 | 100,000 | 98,996 | ||||||
Monsanto Co.: | ||||||||
2.20%, 7/15/2022 | 150,000 | 135,639 | ||||||
2.75%, 4/15/2016 | 100,000 | 104,029 | ||||||
NewMarket Corp. 4.10%, 12/15/2022 | 50,000 | 47,801 | ||||||
Potash Corp. of Saskatchewan, Inc. 3.75%, 9/30/2015 | 360,000 | 377,513 | ||||||
PPG Industries, Inc.: | ||||||||
2.70%, 8/15/2022 | 250,000 | 229,465 | ||||||
6.65%, 3/15/2018 | 100,000 | 116,084 | ||||||
Praxair, Inc.: | ||||||||
1.25%, 11/7/2018 | 250,000 | 239,826 | ||||||
2.20%, 8/15/2022 | 150,000 | 134,475 | ||||||
2.45%, 2/15/2022 | 250,000 | 231,456 | ||||||
3.25%, 9/15/2015 | 250,000 | 261,285 | ||||||
4.05%, 3/15/2021 | 100,000 | 104,398 | ||||||
RPM International, Inc. 6.13%, 10/15/2019 | 300,000 | 336,952 | ||||||
The Dow Chemical Co.: | ||||||||
2.50%, 2/15/2016 | 350,000 | 360,505 | ||||||
3.00%, 11/15/2022 | 150,000 | 139,341 | ||||||
4.13%, 11/15/2021 | 550,000 | 567,445 | ||||||
4.25%, 11/15/2020 | 40,000 | 42,426 | ||||||
8.55%, 5/15/2019 | 260,000 | 334,256 | ||||||
The Mosaic Co. 3.75%, 11/15/2021 | 150,000 | 147,413 | ||||||
The Sherwin-Williams Co. 1.35%, 12/15/2017 | 250,000 | 243,032 | ||||||
Valspar Corp. 4.20%, 1/15/2022 | 50,000 | 49,975 | ||||||
Westlake Chemical Corp. 3.60%, 7/15/2022 | 29,000 | 27,547 | ||||||
8,291,863 | ||||||||
COMMERCIAL BANKS — 10.8% | ||||||||
Abbey National Treasury Services PLC 4.00%, 4/27/2016 | 250,000 | 266,066 | ||||||
American Express Bank FSB 6.00%, 9/13/2017 | 300,000 | 344,459 | ||||||
American Express Centurion Bank 0.88%, 11/13/2015 | 750,000 | 750,542 | ||||||
Australia & New Zealand Banking Group, Ltd.: | ||||||||
1.45%, 5/15/2018 | 250,000 | 242,858 | ||||||
1.88%, 10/6/2017 | 250,000 | 250,335 | ||||||
Bank of Montreal: | ||||||||
1.30%, 7/15/2016 | 194,000 | 195,136 | ||||||
2.38%, 1/25/2019 | 250,000 | 249,020 | ||||||
2.50%, 1/11/2017 | 500,000 | 516,433 | ||||||
2.55%, 11/6/2022 | 250,000 | 229,233 | ||||||
Bank of Nova Scotia: | ||||||||
0.95%, 3/15/2016 | 600,000 | 601,102 | ||||||
1.10%, 12/13/2016 | 150,000 | 150,149 | ||||||
1.38%, 7/15/2016 | 500,000 | 504,492 | ||||||
1.45%, 4/25/2018 | 300,000 | 292,140 | ||||||
1.85%, 1/12/2015 | 300,000 | 302,960 | ||||||
2.55%, 1/12/2017 | 250,000 | 258,443 | ||||||
2.90%, 3/29/2016 | 250,000 | 260,994 | ||||||
3.40%, 1/22/2015 | 250,000 | 256,552 | ||||||
4.38%, 1/13/2021 | 200,000 | 215,253 | ||||||
Bank One Corp. 4.90%, 4/30/2015 | 500,000 | 526,484 | ||||||
Barclays Bank PLC: | ||||||||
2.75%, 2/23/2015 | 500,000 | 511,338 | ||||||
5.00%, 9/22/2016 | 650,000 | 715,724 | ||||||
5.13%, 1/8/2020 | 375,000 | 418,648 | ||||||
5.14%, 10/14/2020 | 375,000 | 398,855 | ||||||
BB&T Corp.: | ||||||||
3.20%, 3/15/2016 | 250,000 | 262,158 | ||||||
3.95%, 4/29/2016 | 125,000 | 133,415 | ||||||
3.95%, 3/22/2022 | 250,000 | 246,411 | ||||||
4.90%, 6/30/2017 | 250,000 | 274,036 | ||||||
5.25%, 11/1/2019 | 250,000 | 279,352 | ||||||
BB&T Corp., Series C 1.60%, 8/15/2017 | 150,000 | 148,495 | ||||||
BBVA US Senior SAU 4.66%, 10/9/2015 | 250,000 | 262,043 | ||||||
BNP Paribas: | ||||||||
2.38%, 9/14/2017 | 300,000 | 305,201 | ||||||
2.40%, 12/12/2018 | 200,000 | 199,649 | ||||||
2.70%, 8/20/2018 | 250,000 | 252,854 | ||||||
3.25%, 3/11/2015 | 450,000 | 462,609 | ||||||
3.25%, 3/3/2023 | 300,000 | 283,803 | ||||||
3.60%, 2/23/2016 | 300,000 | 315,419 | ||||||
5.00%, 1/15/2021 | 250,000 | 273,913 | ||||||
BPCE SA 2.50%, 12/10/2018 | 250,000 | 248,413 | ||||||
Branch Banking & Trust Co. 2.30%, 10/15/2018 | 350,000 | 349,410 | ||||||
Canadian Imperial Bank of Commerce/Canada: | ||||||||
0.90%, 10/1/2015 | 250,000 | 251,147 | ||||||
2.35%, 12/11/2015 | 250,000 | 257,776 | ||||||
Comerica Bank 5.20%, 8/22/2017 | 250,000 | 276,216 | ||||||
Commonwealth Bank of Australia/New York, NY: | ||||||||
1.90%, 9/18/2017 (a) | 300,000 | 300,665 | ||||||
1.95%, 3/16/2015 | 250,000 | 254,130 | ||||||
2.50%, 9/20/2018 (a) | 300,000 | 303,097 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands: | ||||||||
2.13%, 10/13/2015 | 200,000 | 205,092 | ||||||
3.38%, 1/19/2017 | 350,000 | 368,551 | ||||||
3.95%, 11/9/2022 | 250,000 | 240,795 |
See accompanying notes to financial statements.
114
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
4.50%, 1/11/2021 | $ | 350,000 | $ | 371,475 | ||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Utrect 3.88%, 2/8/2022 | 400,000 | 401,865 | ||||||
Credit Suisse of New York, NY: | ||||||||
3.50%, 3/23/2015 | 300,000 | 309,852 | ||||||
4.38%, 8/5/2020 (a) | 450,000 | 483,772 | ||||||
5.30%, 8/13/2019 | 70,000 | 78,889 | ||||||
6.00%, 2/15/2018 | 250,000 | 287,899 | ||||||
Deutsche Bank AG 4.30%, 5/24/2028 (b) | 325,000 | 294,184 | ||||||
Deutsche Bank AG London: | ||||||||
3.45%, 3/30/2015 | 250,000 | 258,090 | ||||||
6.00%, 9/1/2017 | 620,000 | 708,712 | ||||||
Fifth Third Bancorp: | ||||||||
1.15%, 11/18/2016 | 250,000 | 249,536 | ||||||
3.50%, 3/15/2022 | 100,000 | 97,367 | ||||||
3.63%, 1/25/2016 | 150,000 | 157,510 | ||||||
4.30%, 1/16/2024 | 150,000 | 146,308 | ||||||
4.50%, 6/1/2018 (a) | 125,000 | 133,834 | ||||||
Fifth Third Bank 1.45%, 2/28/2018 | 250,000 | 242,220 | ||||||
HSBC Bank USA NA: | ||||||||
4.88%, 8/24/2020 | 300,000 | 322,289 | ||||||
6.00%, 8/9/2017 | 250,000 | 280,554 | ||||||
HSBC Holdings PLC: | ||||||||
4.00%, 3/30/2022 | 110,000 | 113,849 | ||||||
4.88%, 1/14/2022 (a) | 150,000 | 164,258 | ||||||
5.10%, 4/5/2021 | 675,000 | 752,517 | ||||||
HSBC USA, Inc.: | ||||||||
2.38%, 2/13/2015 | 90,000 | 91,587 | ||||||
2.63%, 9/24/2018 | 250,000 | 254,319 | ||||||
Huntington BancShares, Inc.: | ||||||||
2.60%, 8/2/2018 | 250,000 | 249,592 | ||||||
7.00%, 12/15/2020 | 25,000 | 29,254 | ||||||
Intesa Sanpaolo SpA: | ||||||||
3.13%, 1/15/2016 | 250,000 | 255,260 | ||||||
3.88%, 1/16/2018 | 200,000 | 204,409 | ||||||
3.88%, 1/15/2019 (a) | 300,000 | 296,450 | ||||||
JPMorgan Chase Bank NA 6.00%, 7/5/2017 | 450,000 | 510,940 | ||||||
KeyBank NA 4.95%, 9/15/2015 | 200,000 | 213,022 | ||||||
KeyCorp: | ||||||||
3.75%, 8/13/2015 | 300,000 | 313,265 | ||||||
5.10%, 3/24/2021 | 340,000 | 369,327 | ||||||
Lloyds Bank PLC 6.38%, 1/21/2021 | 150,000 | 176,678 | ||||||
Lloyds TSB Bank PLC 4.20%, 3/28/2017 (a) | 150,000 | 161,885 | ||||||
Manufacturers & Traders Trust Co. 5.63%, 12/1/2021 (b) | 250,000 | 259,245 | ||||||
National Australia Bank/New York: | ||||||||
1.60%, 8/7/2015 | 350,000 | 355,250 | ||||||
2.30%, 7/25/2018 (a) | 300,000 | 301,454 | ||||||
2.75%, 3/9/2017 | 300,000 | 310,987 | ||||||
3.00%, 1/20/2023 | 300,000 | 278,326 | ||||||
National Bank of Canada 1.50%, 6/26/2015 | 250,000 | 253,190 | ||||||
PNC Bank NA: | ||||||||
1.15%, 11/1/2016 | 300,000 | 299,868 | ||||||
2.95%, 1/30/2023 | 200,000 | 183,316 | ||||||
3.80%, 7/25/2023 | 250,000 | 241,158 | ||||||
PNC Funding Corp.: | ||||||||
2.70%, 9/19/2016 | 250,000 | 260,568 | ||||||
5.13%, 2/8/2020 | 160,000 | 179,613 | ||||||
5.25%, 11/15/2015 | 250,000 | 268,996 | ||||||
5.63%, 2/1/2017 | 600,000 | 664,946 | ||||||
6.70%, 6/10/2019 | 250,000 | 301,867 | ||||||
Regions Financial Corp.: | ||||||||
2.00%, 5/15/2018 | 250,000 | 242,949 | ||||||
5.75%, 6/15/2015 | 250,000 | 266,250 | ||||||
Royal Bank of Canada: | ||||||||
1.15%, 3/13/2015 | 250,000 | 251,624 | ||||||
1.45%, 9/9/2016 | 150,000 | 151,524 | ||||||
1.50%, 1/16/2018 (a) | 250,000 | 245,765 | ||||||
2.20%, 7/27/2018 | 300,000 | 300,808 | ||||||
2.30%, 7/20/2016 | 100,000 | 103,228 | ||||||
2.63%, 12/15/2015 | 500,000 | 518,305 | ||||||
2.88%, 4/19/2016 | 300,000 | 312,996 | ||||||
Societe Generale SA 2.75%, 10/12/2017 (a) | 150,000 | 154,142 | ||||||
Sumitomo Mitsui Banking Corp.: | ||||||||
1.50%, 1/18/2018 | 250,000 | 242,428 | ||||||
1.80%, 7/18/2017 | 250,000 | 247,975 | ||||||
3.00%, 1/18/2023 (a) | 250,000 | 230,150 | ||||||
3.20%, 7/18/2022 | 250,000 | 237,255 | ||||||
SunTrust Banks, Inc.: | ||||||||
2.75%, 5/1/2023 | 250,000 | 223,367 | ||||||
3.50%, 1/20/2017 | 150,000 | 158,156 | ||||||
3.60%, 4/15/2016 | 355,000 | 374,045 | ||||||
6.00%, 9/11/2017 | 300,000 | 340,939 | ||||||
7.25%, 3/15/2018 | 150,000 | 176,707 | ||||||
Svenska Handelsbanken AB: | ||||||||
1.63%, 3/21/2018 | 200,000 | 197,474 | ||||||
2.50%, 1/25/2019 | 200,000 | 201,066 | ||||||
3.13%, 7/12/2016 | 250,000 | 262,820 | ||||||
The Bank of New York Mellon Corp. 1.30%, 1/25/2018 | 500,000 | 486,629 | ||||||
The Royal Bank of Scotland PLC 3.95%, 9/21/2015 | 250,000 | 261,743 | ||||||
The Toronto-Dominion Bank: | ||||||||
1.40%, 4/30/2018 | 250,000 | 243,930 | ||||||
2.38%, 10/19/2016 | 500,000 | 518,712 | ||||||
2.63%, 9/10/2018 (a) | 250,000 | 255,407 | ||||||
UBS Preferred Funding Trust V 6.24%, 5/29/2049 (b) | 300,000 | 318,750 | ||||||
Union Bank NA: | ||||||||
1.50%, 9/26/2016 | 250,000 | 252,581 | ||||||
2.63%, 9/26/2018 | 50,000 | 50,752 | ||||||
5.95%, 5/11/2016 | 255,000 | 282,380 | ||||||
US Bancorp: | ||||||||
2.20%, 11/15/2016 | 250,000 | 258,359 | ||||||
3.15%, 3/4/2015 | 640,000 | 659,721 | ||||||
4.13%, 5/24/2021 | 450,000 | 476,996 | ||||||
US Bank NA 4.80%, 4/15/2015 | 150,000 | 158,104 |
See accompanying notes to financial statements.
115
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Wachovia Bank NA 6.00%, 11/15/2017 | $ | 335,000 | $ | 386,879 | ||||
Wachovia Corp.: | ||||||||
5.63%, 10/15/2016 | 157,000 | 175,234 | ||||||
5.75%, 2/1/2018 | 400,000 | 460,433 | ||||||
Wells Fargo & Co.: | ||||||||
1.25%, 2/13/2015 | 400,000 | 402,773 | ||||||
1.25%, 7/20/2016 | 440,000 | 442,037 | ||||||
1.50%, 7/1/2015 | 250,000 | 253,596 | ||||||
1.50%, 1/16/2018 | 100,000 | 98,883 | ||||||
2.15%, 1/15/2019 | 187,000 | 185,958 | ||||||
2.63%, 12/15/2016 | 250,000 | 260,940 | ||||||
3.45%, 2/13/2023 | 1,000,000 | 939,506 | ||||||
3.63%, 4/15/2015 | 780,000 | 809,567 | ||||||
3.68%, 6/15/2016 | 500,000 | 532,179 | ||||||
4.60%, 4/1/2021 | 350,000 | 381,297 | ||||||
5.63%, 12/11/2017 | 700,000 | 801,856 | ||||||
Westpac Banking Corp.: | ||||||||
0.95%, 1/12/2016 | 150,000 | 150,405 | ||||||
1.60%, 1/12/2018 | 350,000 | 345,438 | ||||||
2.00%, 8/14/2017 (a) | 100,000 | 101,021 | ||||||
3.00%, 8/4/2015 | 500,000 | 519,094 | ||||||
3.00%, 12/9/2015 | 500,000 | 521,753 | ||||||
4.20%, 2/27/2015 | 250,000 | 259,561 | ||||||
4.88%, 11/19/2019 | 300,000 | 332,894 | ||||||
Zions Bancorporation 4.50%, 3/27/2017 | 250,000 | 264,354 | ||||||
46,641,313 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.6% | ||||||||
Avery Dennison Corp. 3.35%, 4/15/2023 | 100,000 | 90,723 | ||||||
Cintas Corp.: | ||||||||
4.30%, 6/1/2021 | 250,000 | 257,890 | ||||||
6.13%, 12/1/2017 | 100,000 | 113,172 | ||||||
Pitney Bowes, Inc. 6.25%, 3/15/2019 | 135,000 | 151,919 | ||||||
Princeton University 4.95%, 3/1/2019 | 3,000 | 3,371 | ||||||
Republic Services, Inc.: | ||||||||
3.55%, 6/1/2022 | 650,000 | 628,932 | ||||||
5.50%, 9/15/2019 | 305,000 | 344,055 | ||||||
The Western Union Co.: | ||||||||
5.25%, 4/1/2020 (a) | 135,000 | 142,301 | ||||||
5.93%, 10/1/2016 | 150,000 | 165,244 | ||||||
Total System Services, Inc. 2.38%, 6/1/2018 | 100,000 | 97,887 | ||||||
Waste Management, Inc.: | ||||||||
4.60%, 3/1/2021 | 210,000 | 223,738 | ||||||
6.38%, 3/11/2015 | 200,000 | 212,689 | ||||||
7.38%, 3/11/2019 | 150,000 | 182,243 | ||||||
2,614,164 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.4% | ||||||||
Cisco Systems, Inc.: | ||||||||
3.15%, 3/14/2017 | 150,000 | 158,493 | ||||||
4.45%, 1/15/2020 | 250,000 | 272,666 | ||||||
4.95%, 2/15/2019 | 320,000 | 359,303 | ||||||
5.50%, 2/22/2016 | 300,000 | 330,110 | ||||||
Juniper Networks, Inc.: | ||||||||
3.10%, 3/15/2016 | 35,000 | 36,121 | ||||||
4.60%, 3/15/2021 | 100,000 | 101,173 | ||||||
Motorola Solutions, Inc. 3.75%, 5/15/2022 | 250,000 | 238,592 | ||||||
Telefonaktiebolaget LM Ericsson 4.13%, 5/15/2022 | 250,000 | 244,240 | ||||||
1,740,698 | ||||||||
COMPUTERS & PERIPHERALS — 2.0% | ||||||||
Apple, Inc.: | ||||||||
0.45%, 5/3/2016 (a) | 250,000 | 248,462 | ||||||
1.00%, 5/3/2018 | 350,000 | 337,398 | ||||||
2.40%, 5/3/2023 | 550,000 | 492,862 | ||||||
Computer Sciences Corp.: | ||||||||
4.45%, 9/15/2022 | 100,000 | 97,825 | ||||||
6.50%, 3/15/2018 | 150,000 | 170,859 | ||||||
EMC Corp.: | ||||||||
1.88%, 6/1/2018 | 400,000 | 395,758 | ||||||
3.38%, 6/1/2023 | 150,000 | 144,331 | ||||||
Fidelity National Information Services, Inc.: | ||||||||
2.00%, 4/15/2018 | 86,000 | 83,788 | ||||||
3.50%, 4/15/2023 | 306,000 | 277,371 | ||||||
5.00%, 3/15/2022 | 400,000 | 403,428 | ||||||
Hewlett-Packard Co.: | ||||||||
2.13%, 9/13/2015 | 250,000 | 255,086 | ||||||
2.60%, 9/15/2017 (a) | 200,000 | 203,991 | ||||||
2.65%, 6/1/2016 | 250,000 | 258,271 | ||||||
3.00%, 9/15/2016 | 250,000 | 260,474 | ||||||
3.30%, 12/9/2016 | 150,000 | 157,531 | ||||||
3.75%, 12/1/2020 | 500,000 | 501,285 | ||||||
4.05%, 9/15/2022 (a) | 250,000 | 247,148 | ||||||
4.38%, 9/15/2021 (a) | 350,000 | 351,524 | ||||||
International Business Machines Corp.: | ||||||||
0.45%, 5/6/2016 | 300,000 | 298,148 | ||||||
1.63%, 5/15/2020 | 100,000 | 93,253 | ||||||
1.88%, 8/1/2022 | 350,000 | 309,171 | ||||||
1.95%, 7/22/2016 | 350,000 | 359,941 | ||||||
2.00%, 1/5/2016 | 250,000 | 255,591 | ||||||
2.90%, 11/1/2021 | 500,000 | 484,357 | ||||||
3.38%, 8/1/2023 | 200,000 | 194,679 | ||||||
7.63%, 10/15/2018 | 250,000 | 311,085 | ||||||
8.38%, 11/1/2019 | 600,000 | 788,759 | ||||||
Lexmark International, Inc. 5.13%, 3/15/2020 | 100,000 | 101,784 | ||||||
Seagate HDD Cayman: | ||||||||
3.75%, 11/15/2018 (c) | 500,000 | 505,000 | ||||||
4.75%, 6/1/2023 (c) | 200,000 | 187,000 | ||||||
8,776,160 | ||||||||
CONSTRUCTION & ENGINEERING — 0.2% | ||||||||
ABB Finance USA, Inc.: | ||||||||
1.63%, 5/8/2017 | 250,000 | 248,277 | ||||||
2.88%, 5/8/2022 | 100,000 | 94,757 | ||||||
Fluor Corp. 3.38%, 9/15/2021 | 250,000 | 246,117 |
See accompanying notes to financial statements.
116
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
URS Corp. 5.50%, 4/1/2022 (a)(c) | $ | 150,000 | $ | 147,750 | ||||
736,901 | ||||||||
CONSUMER FINANCE — 0.9% | ||||||||
Caterpillar Financial Services Corp.: | ||||||||
0.70%, 11/6/2015 | 250,000 | 250,753 | ||||||
1.35%, 9/6/2016 | 600,000 | 606,723 | ||||||
1.63%, 6/1/2017 | 100,000 | 100,889 | ||||||
2.05%, 8/1/2016 (a) | 500,000 | 512,764 | ||||||
7.15%, 2/15/2019 | 250,000 | 305,183 | ||||||
Discover Financial Services: | ||||||||
3.85%, 11/21/2022 | 350,000 | 330,836 | ||||||
5.20%, 4/27/2022 | 100,000 | 104,405 | ||||||
John Deere Capital Corp.: | ||||||||
1.20%, 10/10/2017 | 250,000 | 247,368 | ||||||
1.70%, 1/15/2020 (a) | 150,000 | 140,753 | ||||||
1.85%, 9/15/2016 | 250,000 | 255,282 | ||||||
2.80%, 9/18/2017 | 250,000 | 259,417 | ||||||
3.90%, 7/12/2021 | 150,000 | 155,884 | ||||||
5.75%, 9/10/2018 | 350,000 | 405,295 | ||||||
3,675,552 | ||||||||
CONTAINERS & PACKAGING — 0.0% (d) | ||||||||
Bemis Co., Inc. 4.50%, 10/15/2021 | 150,000 | 151,295 | ||||||
Packaging Corp. of America 4.50%, 11/1/2023 | 33,000 | 33,109 | ||||||
184,404 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.1% | ||||||||
Stanford University 4.75%, 5/1/2019 | 250,000 | 279,402 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 14.7% | ||||||||
Air Lease Corp.: | ||||||||
3.38%, 1/15/2019 | 150,000 | 148,952 | ||||||
4.75%, 3/1/2020 | 250,000 | 258,750 | ||||||
American Express Co.: | ||||||||
1.55%, 5/22/2018 | 50,000 | 48,569 | ||||||
2.65%, 12/2/2022 | 250,000 | 231,522 | ||||||
6.80%, 9/1/2066 (b) | 200,000 | 213,000 | ||||||
7.00%, 3/19/2018 | 300,000 | 358,238 | ||||||
8.13%, 5/20/2019 | 305,000 | 386,752 | ||||||
American Express Credit Corp.: | ||||||||
2.13%, 7/27/2018 | 250,000 | 249,861 | ||||||
2.75%, 9/15/2015 | 400,000 | 413,628 | ||||||
2.80%, 9/19/2016 | 450,000 | 469,606 | ||||||
American Honda Finance Corp.: | ||||||||
1.13%, 10/7/2016 | 300,000 | 300,483 | ||||||
2.13%, 10/10/2018 | 200,000 | 199,883 | ||||||
Ameriprise Financial, Inc. 5.65%, 11/15/2015 | 125,000 | 135,787 | ||||||
Associates Corp. of North America 6.95%, 11/1/2018 | 250,000 | 297,984 | ||||||
Bank of America Corp.: | ||||||||
1.25%, 1/11/2016 | 500,000 | 502,345 | ||||||
1.50%, 10/9/2015 | 600,000 | 605,933 | ||||||
2.00%, 1/11/2018 | 350,000 | 347,881 | ||||||
2.60%, 1/15/2019 | 114,000 | 114,334 | ||||||
3.30%, 1/11/2023 | 500,000 | 471,616 | ||||||
3.63%, 3/17/2016 | 750,000 | 788,453 | ||||||
3.70%, 9/1/2015 | 300,000 | 313,679 | ||||||
3.75%, 7/12/2016 | 600,000 | 635,463 | ||||||
3.88%, 3/22/2017 (a) | 300,000 | 320,019 | ||||||
4.50%, 4/1/2015 | 755,000 | 788,064 | ||||||
4.75%, 8/1/2015 (a) | 250,000 | 264,950 | ||||||
5.00%, 5/13/2021 | 350,000 | 381,276 | ||||||
5.25%, 12/1/2015 | 700,000 | 750,289 | ||||||
5.63%, 7/1/2020 | 800,000 | 910,164 | ||||||
5.65%, 5/1/2018 | 725,000 | 821,792 | ||||||
5.70%, 1/24/2022 | 250,000 | 282,586 | ||||||
5.75%, 12/1/2017 | 250,000 | 283,752 | ||||||
5.88%, 1/5/2021 | 600,000 | 687,627 | ||||||
6.00%, 9/1/2017 | 500,000 | 569,637 | ||||||
6.50%, 8/1/2016 | 600,000 | 677,107 | ||||||
Bank of America NA 5.30%, 3/15/2017 | 500,000 | 551,171 | ||||||
Boeing Capital Corp.: | ||||||||
2.13%, 8/15/2016 | 100,000 | 103,310 | ||||||
2.90%, 8/15/2018 | 50,000 | 52,004 | ||||||
4.70%, 10/27/2019 | 250,000 | 278,793 | ||||||
BP Capital Markets PLC: | ||||||||
3.13%, 10/1/2015 | 250,000 | 261,258 | ||||||
3.20%, 3/11/2016 | 650,000 | 683,635 | ||||||
3.88%, 3/10/2015 | 300,000 | 311,772 | ||||||
4.50%, 10/1/2020 | 350,000 | 379,464 | ||||||
Capital One Bank USA NA 8.80%, 7/15/2019 | 895,000 | 1,132,575 | ||||||
Capital One Financial Corp.: | ||||||||
2.15%, 3/23/2015 | 200,000 | 202,981 | ||||||
3.15%, 7/15/2016 | 60,000 | 62,662 | ||||||
6.15%, 9/1/2016 | 250,000 | 278,768 | ||||||
Citigroup, Inc.: | ||||||||
1.25%, 1/15/2016 | 550,000 | 551,485 | ||||||
1.30%, 4/1/2016 | 600,000 | 601,117 | ||||||
1.70%, 7/25/2016 | 300,000 | 302,900 | ||||||
1.75%, 5/1/2018 | 150,000 | 146,993 | ||||||
2.25%, 8/7/2015 | 600,000 | 612,490 | ||||||
3.38%, 3/1/2023 | 368,000 | 350,286 | ||||||
3.50%, 5/15/2023 | 250,000 | 232,549 | ||||||
3.88%, 10/25/2023 | 250,000 | 244,943 | ||||||
4.50%, 1/14/2022 (a) | 510,000 | 536,062 | ||||||
4.59%, 12/15/2015 | 1,100,000 | 1,174,315 | ||||||
4.75%, 5/19/2015 | 400,000 | 420,178 | ||||||
5.30%, 1/7/2016 | 250,000 | 270,803 | ||||||
5.38%, 8/9/2020 | 100,000 | 113,127 | ||||||
5.50%, 2/15/2017 | 540,000 | 594,542 | ||||||
5.85%, 8/2/2016 (a) | 500,000 | 554,750 | ||||||
6.01%, 1/15/2015 | 50,000 | 52,601 | ||||||
6.13%, 11/21/2017 | 250,000 | 288,011 | ||||||
6.13%, 5/15/2018 | 250,000 | 289,691 | ||||||
8.50%, 5/22/2019 | 590,000 | 754,204 | ||||||
Credit Suisse USA, Inc.: | ||||||||
4.88%, 1/15/2015 | 5,000 | 5,216 | ||||||
5.13%, 8/15/2015 | 300,000 | 320,334 | ||||||
5.38%, 3/2/2016 | 300,000 | 325,283 | ||||||
5.85%, 8/16/2016 | 250,000 | 280,185 | ||||||
Ford Motor Credit Co. LLC: | ||||||||
1.70%, 5/9/2016 | 250,000 | 252,802 |
See accompanying notes to financial statements.
117
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
2.38%, 1/16/2018 | $ | 250,000 | $ | 252,284 | ||||
2.75%, 5/15/2015 | 500,000 | 511,990 | ||||||
2.88%, 10/1/2018 (a) | 300,000 | 305,844 | ||||||
3.00%, 6/12/2017 | 300,000 | 312,104 | ||||||
4.38%, 8/6/2023 (a) | 250,000 | 251,900 | ||||||
5.75%, 2/1/2021 | 250,000 | 280,724 | ||||||
5.88%, 8/2/2021 | 650,000 | 735,530 | ||||||
6.63%, 8/15/2017 | 750,000 | 869,525 | ||||||
7.00%, 4/15/2015 | 1,000,000 | 1,076,143 | ||||||
Franklin Resources, Inc. 2.80%, 9/15/2022 | 150,000 | 138,679 | ||||||
General Electric Capital Corp.: | ||||||||
1.00%, 1/8/2016 | 750,000 | 752,763 | ||||||
1.50%, 7/12/2016 | 250,000 | 253,017 | ||||||
1.63%, 7/2/2015 | 750,000 | 762,210 | ||||||
1.63%, 4/2/2018 (a) | 250,000 | 247,326 | ||||||
2.30%, 4/27/2017 | 300,000 | 307,180 | ||||||
2.90%, 1/9/2017 | 600,000 | 625,313 | ||||||
3.10%, 1/9/2023 | 475,000 | 450,249 | ||||||
3.50%, 6/29/2015 | 500,000 | 522,414 | ||||||
4.38%, 9/16/2020 | 350,000 | 378,875 | ||||||
4.63%, 1/7/2021 | 250,000 | 272,112 | ||||||
4.65%, 10/17/2021 | 250,000 | 271,636 | ||||||
5.00%, 1/8/2016 | 750,000 | 811,940 | ||||||
5.30%, 2/11/2021 (a) | 495,000 | 553,711 | ||||||
5.40%, 2/15/2017 | 750,000 | 838,449 | ||||||
5.50%, 1/8/2020 | 250,000 | 285,113 | ||||||
5.63%, 9/15/2017 | 250,000 | 283,760 | ||||||
5.63%, 5/1/2018 | 670,000 | 769,182 | ||||||
6.00%, 8/7/2019 | 250,000 | 293,772 | ||||||
6.38%, 11/15/2067 (b) | 150,000 | 162,375 | ||||||
HSBC Finance Corp.: | ||||||||
5.00%, 6/30/2015 | 310,000 | 327,257 | ||||||
5.25%, 4/15/2015 (a) | 150,000 | 157,673 | ||||||
6.68%, 1/15/2021 | 500,000 | 574,522 | ||||||
IntercontinentalExchange Group, Inc. 4.00%, 10/15/2023 | 200,000 | 200,356 | ||||||
Jefferies Group LLC 5.13%, 1/20/2023 | 367,000 | 371,439 | ||||||
JPMorgan Chase & Co.: | ||||||||
1.13%, 2/26/2016 | 250,000 | 250,314 | ||||||
1.63%, 5/15/2018 | 1,250,000 | 1,223,375 | ||||||
1.88%, 3/20/2015 | 300,000 | 303,810 | ||||||
2.00%, 8/15/2017 | 250,000 | 251,852 | ||||||
2.60%, 1/15/2016 | 600,000 | 618,517 | ||||||
3.15%, 7/5/2016 | 1,200,000 | 1,257,235 | ||||||
3.20%, 1/25/2023 (a) | 800,000 | 758,906 | ||||||
3.25%, 9/23/2022 | 700,000 | 668,731 | ||||||
3.38%, 5/1/2023 | 250,000 | 233,150 | ||||||
3.40%, 6/24/2015 | 500,000 | 519,202 | ||||||
3.45%, 3/1/2016 | 500,000 | 524,362 | ||||||
4.35%, 8/15/2021 | 150,000 | 157,874 | ||||||
4.40%, 7/22/2020 | 300,000 | 321,927 | ||||||
4.50%, 1/24/2022 | 500,000 | 529,190 | ||||||
4.63%, 5/10/2021 | 150,000 | 161,290 | ||||||
5.15%, 10/1/2015 | 300,000 | 321,345 | ||||||
6.13%, 6/27/2017 | 250,000 | 282,890 | ||||||
6.30%, 4/23/2019 | 400,000 | 471,053 | ||||||
Lazard Group LLC: | ||||||||
4.25%, 11/14/2020 | 71,000 | 70,630 | ||||||
6.85%, 6/15/2017 | 145,000 | 163,509 | ||||||
Leucadia National Corp. 5.50%, 10/18/2023 | 200,000 | 199,127 | ||||||
Merrill Lynch & Co., Inc.: | ||||||||
5.30%, 9/30/2015 | 250,000 | 266,604 | ||||||
6.40%, 8/28/2017 | 250,000 | 288,250 | ||||||
6.50%, 7/15/2018 | 300,000 | 347,863 | ||||||
6.88%, 4/25/2018 | 1,267,000 | 1,495,972 | ||||||
6.88%, 11/15/2018 | 300,000 | 356,996 | ||||||
Moody’s Corp. 4.50%, 9/1/2022 | 250,000 | 248,972 | ||||||
National Rural Utilities Cooperative Finance Corp.: | ||||||||
1.00%, 2/2/2015 | 150,000 | 150,753 | ||||||
4.75%, 4/30/2043 (b) | 100,000 | 93,000 | ||||||
5.45%, 2/1/2018 | 250,000 | 281,688 | ||||||
10.38%, 11/1/2018 | 185,000 | 251,052 | ||||||
Nomura Holdings, Inc.: | ||||||||
2.00%, 9/13/2016 | 250,000 | 250,878 | ||||||
4.13%, 1/19/2016 | 202,000 | 211,970 | ||||||
5.00%, 3/4/2015 | 170,000 | 177,439 | ||||||
6.70%, 3/4/2020 | 155,000 | 175,809 | ||||||
ORIX Corp.: | ||||||||
3.75%, 3/9/2017 | 150,000 | 156,000 | ||||||
5.00%, 1/12/2016 (a) | 300,000 | 319,889 | ||||||
PACCAR Financial Corp.: | ||||||||
0.70%, 11/16/2015 | 150,000 | 149,761 | ||||||
1.15%, 8/16/2016 | 150,000 | 150,326 | ||||||
Royal Bank of Scotland Group PLC: | ||||||||
2.55%, 9/18/2015 | 426,000 | 435,827 | ||||||
4.38%, 3/16/2016 | 300,000 | 320,246 | ||||||
4.88%, 3/16/2015 | 250,000 | 260,535 | ||||||
5.63%, 8/24/2020 (a) | 450,000 | 501,813 | ||||||
The Charles Schwab Corp. 4.45%, 7/22/2020 | 250,000 | 265,959 | ||||||
The Nasdaq OMX Group, Inc.: | ||||||||
5.25%, 1/16/2018 | 60,000 | 64,187 | ||||||
5.55%, 1/15/2020 | 246,000 | 264,809 | ||||||
Toyota Motor Credit Corp.: | ||||||||
0.88%, 7/17/2015 | 250,000 | 251,495 | ||||||
1.00%, 2/17/2015 | 250,000 | 251,359 | ||||||
1.25%, 10/5/2017 | 50,000 | 49,116 | ||||||
1.38%, 1/10/2018 (a) | 250,000 | 245,532 | ||||||
1.75%, 5/22/2017 | 300,000 | 302,095 | ||||||
2.00%, 9/15/2016 | 50,000 | 51,378 | ||||||
2.80%, 1/11/2016 | 150,000 | 156,438 | ||||||
3.20%, 6/17/2015 | 150,000 | 155,808 | ||||||
3.30%, 1/12/2022 | 300,000 | 298,800 | ||||||
3.40%, 9/15/2021 | 150,000 | 150,935 | ||||||
4.25%, 1/11/2021 | 150,000 | 159,772 | ||||||
UBS AG of Stamford, CT: | ||||||||
3.88%, 1/15/2015 | 250,000 | 257,657 | ||||||
4.88%, 8/4/2020 (a) | 22,000 | 24,440 | ||||||
5.75%, 4/25/2018 | 421,000 | 482,440 | ||||||
5.88%, 7/15/2016 | 500,000 | 554,745 | ||||||
5.88%, 12/20/2017 | 233,000 | 266,925 | ||||||
63,444,431 | ||||||||
See accompanying notes to financial statements.
118
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.5% | ||||||||
America Movil SAB de CV 5.00%, 10/16/2019 | $ | 350,000 | $ | 379,242 | ||||
AT&T, Inc.: | ||||||||
0.80%, 12/1/2015 | 300,000 | 300,080 | ||||||
0.88%, 2/13/2015 | 500,000 | 500,605 | ||||||
0.90%, 2/12/2016 | 300,000 | 300,215 | ||||||
1.70%, 6/1/2017 | 250,000 | 251,344 | ||||||
2.50%, 8/15/2015 | 250,000 | 257,303 | ||||||
2.63%, 12/1/2022 (a) | 450,000 | 403,744 | ||||||
2.95%, 5/15/2016 | 250,000 | 261,184 | ||||||
3.00%, 2/15/2022 (a) | 300,000 | 280,212 | ||||||
3.88%, 8/15/2021 | 350,000 | 352,700 | ||||||
British Telecommunications PLC: | ||||||||
1.63%, 6/28/2016 | 250,000 | 252,197 | ||||||
5.95%, 1/15/2018 | 400,000 | 457,035 | ||||||
Harris Corp. 6.38%, 6/15/2019 | 100,000 | 114,283 | ||||||
Verizon Communications, Inc.: | ||||||||
1.10%, 11/1/2017 | 250,000 | 243,202 | ||||||
2.45%, 11/1/2022 (a) | 250,000 | 223,000 | ||||||
2.50%, 9/15/2016 | 674,000 | 697,879 | ||||||
3.00%, 4/1/2016 | 250,000 | 261,576 | ||||||
3.50%, 11/1/2021 | 50,000 | 49,133 | ||||||
3.65%, 9/14/2018 | 1,000,000 | 1,059,932 | ||||||
4.50%, 9/15/2020 | 693,000 | 738,857 | ||||||
4.60%, 4/1/2021 (a) | 350,000 | 370,832 | ||||||
4.90%, 9/15/2015 | 250,000 | 267,123 | ||||||
5.15%, 9/15/2023 | 1,850,000 | 1,980,091 | ||||||
5.50%, 2/15/2018 | 200,000 | 226,817 | ||||||
5.55%, 2/15/2016 | 350,000 | 381,837 | ||||||
8.75%, 11/1/2018 | 313,000 | 400,084 | ||||||
11,010,507 | ||||||||
ELECTRIC UTILITIES — 4.1% | ||||||||
Alabama Power Co. 0.55%, 10/15/2015 (a) | 100,000 | 99,370 | ||||||
Arizona Public Service Co. 6.25%, 8/1/2016 | 205,000 | 229,216 | ||||||
Baltimore Gas & Electric Co.: | ||||||||
3.35%, 7/1/2023 | 250,000 | 239,995 | ||||||
5.90%, 10/1/2016 | 150,000 | 166,999 | ||||||
Carolina Power & Light Co.: | ||||||||
5.25%, 12/15/2015 | 320,000 | 345,713 | ||||||
5.30%, 1/15/2019 | 100,000 | 113,342 | ||||||
CMS Energy Corp. 5.05%, 2/15/2018 | 250,000 | 274,943 | ||||||
Commonwealth Edison Co.: | ||||||||
3.40%, 9/1/2021 | 100,000 | 100,486 | ||||||
4.00%, 8/1/2020 | 60,000 | 63,791 | ||||||
5.80%, 3/15/2018 | 520,000 | 599,585 | ||||||
Consolidated Edison Co. of New York, Inc.: | ||||||||
5.85%, 4/1/2018 | 358,000 | 413,123 | ||||||
6.65%, 4/1/2019 | 155,000 | 186,392 | ||||||
Consumers Energy Co.: | ||||||||
3.38%, 8/15/2023 | 100,000 | 97,567 | ||||||
5.65%, 9/15/2018 (a) | 100,000 | 115,640 | ||||||
Consumers Energy Co., Series M 5.50%, 8/15/2016 | 250,000 | 277,214 | ||||||
Delmarva Power & Light Co. 3.50%, 11/15/2023 | 150,000 | 147,324 | ||||||
Dominion Gas Holdings LLC 1.05%, 11/1/2016 (c) | 250,000 | 249,195 | ||||||
Duke Energy Carolinas LLC: | ||||||||
1.75%, 12/15/2016 | 100,000 | 100,098 | ||||||
3.90%, 6/15/2021 | 150,000 | 156,841 | ||||||
Duke Energy Corp.: | ||||||||
1.63%, 8/15/2017 (a) | 300,000 | 296,213 | ||||||
2.10%, 6/15/2018 (a) | 250,000 | 248,547 | ||||||
3.05%, 8/15/2022 | 250,000 | 237,253 | ||||||
3.55%, 9/15/2021 | 200,000 | 200,836 | ||||||
Duke Energy Ohio, Inc. 5.45%, 4/1/2019 | 250,000 | 285,566 | ||||||
Edison International 3.75%, 9/15/2017 | 350,000 | 368,076 | ||||||
Entergy Corp.: | ||||||||
3.63%, 9/15/2015 | 300,000 | 308,711 | ||||||
5.13%, 9/15/2020 | 300,000 | 316,821 | ||||||
Entergy Mississippi, Inc. 3.10%, 7/1/2023 (a) | 250,000 | 234,493 | ||||||
Exelon Corp. 4.90%, 6/15/2015 | 250,000 | 262,986 | ||||||
Exelon Generation Co. LLC: | ||||||||
4.00%, 10/1/2020 | 100,000 | 99,078 | ||||||
4.25%, 6/15/2022 | 100,000 | 95,828 | ||||||
Florida Power Corp. 3.10%, 8/15/2021 | 210,000 | 206,668 | ||||||
FPL Group Capital, Inc. 6.00%, 3/1/2019 | 470,000 | 531,527 | ||||||
Georgia Power Co.: | ||||||||
0.75%, 8/10/2015 | 100,000 | 99,863 | ||||||
4.25%, 12/1/2019 | 110,000 | 118,716 | ||||||
Great Plains Energy, Inc.: | ||||||||
4.85%, 6/1/2021 | 75,000 | 79,019 | ||||||
5.29%, 6/15/2022 | 250,000 | 267,289 | ||||||
Indiana Michigan Power Co., Series I 7.00%, 3/15/2019 | 165,000 | 197,127 | ||||||
Kentucky Utilities Co. 1.63%, 11/1/2015 | 250,000 | 253,627 | ||||||
LG&E and KU Energy LLC 3.75%, 11/15/2020 | 300,000 | 302,215 | ||||||
Mississippi Power Co. 2.35%, 10/15/2016 | 250,000 | 256,571 | ||||||
National Fuel Gas Co. 3.75%, 3/1/2023 | 175,000 | 164,504 | ||||||
Nevada Power Co. 6.50%, 8/1/2018 | 305,000 | 360,594 | ||||||
NextEra Energy Capital Holdings, Inc. 2.60%, 9/1/2015 | 300,000 | 306,678 | ||||||
Nisource Finance Corp.: | ||||||||
6.13%, 3/1/2022 | 250,000 | 278,264 | ||||||
6.40%, 3/15/2018 | 250,000 | 287,843 | ||||||
Northeast Utilities 1.45%, 5/1/2018 | 250,000 | 242,110 | ||||||
NSTAR Electric Co. 2.38%, 10/15/2022 | 150,000 | 135,863 | ||||||
Ohio Power Co.: | ||||||||
5.38%, 10/1/2021 | 250,000 | 279,635 |
See accompanying notes to financial statements.
119
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.05%, 5/1/2018 | $ | 250,000 | $ | 286,692 | ||||
Oncor Electric Delivery Co. LLC 6.38%, 1/15/2015 | 449,000 | 473,802 | ||||||
Pacific Gas & Electric Co.: | ||||||||
2.45%, 8/15/2022 (a) | 300,000 | 271,340 | ||||||
3.50%, 10/1/2020 | 250,000 | 256,698 | ||||||
8.25%, 10/15/2018 | 150,000 | 188,015 | ||||||
Peco Energy Co.: | ||||||||
1.20%, 10/15/2016 | 83,000 | 82,964 | ||||||
2.38%, 9/15/2022 | 100,000 | 91,002 | ||||||
PPL Capital Funding, Inc.: | ||||||||
1.90%, 6/1/2018 | 60,000 | 58,533 | ||||||
3.50%, 12/1/2022 | 150,000 | 142,177 | ||||||
PPL Electric Utilities Corp.: | ||||||||
2.50%, 9/1/2022 | 100,000 | 91,820 | ||||||
3.00%, 9/15/2021 | 100,000 | 98,257 | ||||||
PPL Energy Supply LLC 6.50%, 5/1/2018 (a) | 300,000 | 333,485 | ||||||
Progress Energy, Inc. 7.05%, 3/15/2019 | 256,000 | 308,517 | ||||||
PSEG Power LLC 5.13%, 4/15/2020 | 280,000 | 307,008 | ||||||
Public Service Co. of Colorado 5.13%, 6/1/2019 | 200,000 | 226,030 | ||||||
Public Service Electric & Gas Co.: | ||||||||
2.38%, 5/15/2023 | 250,000 | 224,754 | ||||||
2.70%, 5/1/2015 | 150,000 | 153,840 | ||||||
Scottish Power, Ltd. 5.38%, 3/15/2015 | 150,000 | 157,033 | ||||||
South Carolina Electric & Gas Co. 5.25%, 11/1/2018 | 200,000 | 228,137 | ||||||
Southern California Edison Co. 3.88%, 6/1/2021 (a) | 35,000 | 36,767 | ||||||
Southern Power Co. 4.88%, 7/15/2015 | 250,000 | 264,693 | ||||||
Southwestern Electric Power Co. 3.55%, 2/15/2022 | 250,000 | 243,829 | ||||||
Tampa Electric Co. 2.60%, 9/15/2022 | 150,000 | 138,264 | ||||||
TECO Finance, Inc. 5.15%, 3/15/2020 | 150,000 | 164,065 | ||||||
The Detroit Edison Co.: | ||||||||
2.65%, 6/15/2022 | 350,000 | 328,209 | ||||||
3.45%, 10/1/2020 | 100,000 | 102,315 | ||||||
The Southern Co. 2.45%, 9/1/2018 | 90,000 | 89,771 | ||||||
Union Electric Co.: | ||||||||
6.40%, 6/15/2017 | 250,000 | 287,291 | ||||||
6.70%, 2/1/2019 | 50,000 | 60,236 | ||||||
Virginia Electric and Power Co. 5.40%, 4/30/2018 | 155,000 | 176,148 | ||||||
Westar Energy, Inc. 5.10%, 7/15/2020 | 250,000 | 280,058 | ||||||
Wisconsin Electric Power Co. 4.25%, 12/15/2019 | 150,000 | 162,816 | ||||||
17,613,921 | ||||||||
ELECTRICAL EQUIPMENT — 0.4% | ||||||||
Agilent Technologies, Inc. 6.50%, 11/1/2017 | 400,000 | 464,680 | ||||||
Emerson Electric Co.: | ||||||||
2.63%, 2/15/2023 | 100,000 | 93,535 | ||||||
5.00%, 4/15/2019 | 200,000 | 223,068 | ||||||
5.25%, 10/15/2018 | 60,000 | 67,726 | ||||||
Jabil Circuit, Inc. 4.70%, 9/15/2022 | 500,000 | 484,375 | ||||||
Roper Industries, Inc.: | ||||||||
1.85%, 11/15/2017 | 80,000 | 79,031 | ||||||
2.05%, 10/1/2018 | 250,000 | 243,586 | ||||||
1,656,001 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.3% | ||||||||
Agilent Technologies, Inc. 5.00%, 7/15/2020 | 200,000 | 212,384 | ||||||
Amphenol Corp. 4.00%, 2/1/2022 | 150,000 | 146,378 | ||||||
Arrow Electronics, Inc. 5.13%, 3/1/2021 | 150,000 | 154,225 | ||||||
Avnet, Inc. 6.63%, 9/15/2016 | 160,000 | 180,447 | ||||||
Corning, Inc. 1.45%, 11/15/2017 | 200,000 | 195,717 | ||||||
Energizer Holdings, Inc. 4.70%, 5/24/2022 | 100,000 | 100,636 | ||||||
Tech Data Corp. 3.75%, 9/21/2017 | 100,000 | 102,167 | ||||||
1,091,954 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.5% | ||||||||
Cameron International Corp.: | ||||||||
4.50%, 6/1/2021 | 50,000 | 52,549 | ||||||
6.38%, 7/15/2018 | 250,000 | 292,049 | ||||||
FMC Technologies, Inc. 3.45%, 10/1/2022 | 100,000 | 93,315 | ||||||
Halliburton Co.: | ||||||||
1.00%, 8/1/2016 | 300,000 | 300,874 | ||||||
2.00%, 8/1/2018 | 100,000 | 99,835 | ||||||
3.25%, 11/15/2021 (a) | 250,000 | 244,930 | ||||||
6.15%, 9/15/2019 | 125,000 | 148,473 | ||||||
Nabors Industries, Inc.: | ||||||||
4.63%, 9/15/2021 | 150,000 | 150,356 | ||||||
9.25%, 1/15/2019 | 595,000 | 741,256 | ||||||
National Oilwell Varco, Inc.: | ||||||||
1.35%, 12/1/2017 | 150,000 | 148,088 | ||||||
2.60%, 12/1/2022 | 100,000 | 92,016 | ||||||
2,363,741 | ||||||||
FOOD & STAPLES RETAILING — 1.7% | ||||||||
Costco Wholesale Corp.: | ||||||||
1.13%, 12/15/2017 | 250,000 | 245,110 | ||||||
1.70%, 12/15/2019 | 250,000 | 239,161 | ||||||
5.50%, 3/15/2017 | 300,000 | 337,636 | ||||||
CVS Caremark Corp.: | ||||||||
1.20%, 12/5/2016 (a) | 600,000 | 602,520 | ||||||
2.25%, 12/5/2018 | 139,000 | 139,272 | ||||||
4.13%, 5/15/2021 | 250,000 | 259,126 | ||||||
4.75%, 5/18/2020 | 300,000 | 326,506 | ||||||
5.75%, 6/1/2017 | 317,000 | 359,574 |
See accompanying notes to financial statements.
120
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Safeway, Inc.: | ||||||||
4.75%, 12/1/2021 (a) | $ | 100,000 | $ | 100,935 | ||||
5.00%, 8/15/2019 | 190,000 | 202,053 | ||||||
6.35%, 8/15/2017 | 300,000 | 337,117 | ||||||
Sysco Corp. 5.38%, 3/17/2019 | 200,000 | 227,528 | ||||||
Target Corp. 6.00%, 1/15/2018 | 460,000 | 534,783 | ||||||
The Kroger Co.: | ||||||||
2.30%, 1/15/2019 | 150,000 | 149,589 | ||||||
3.30%, 1/15/2021 | 150,000 | 149,456 | ||||||
3.40%, 4/15/2022 | 450,000 | 430,873 | ||||||
6.40%, 8/15/2017 | 250,000 | 290,072 | ||||||
Wal-Mart Stores, Inc.: | ||||||||
2.55%, 4/11/2023 | 250,000 | 228,382 | ||||||
2.80%, 4/15/2016 | 250,000 | 260,181 | ||||||
3.25%, 10/25/2020 | 300,000 | 305,380 | ||||||
3.63%, 7/8/2020 | 500,000 | 522,687 | ||||||
4.25%, 4/15/2021 | 375,000 | 402,747 | ||||||
5.38%, 4/5/2017 | 50,000 | 56,591 | ||||||
5.80%, 2/15/2018 | 250,000 | 289,686 | ||||||
Walgreen Co.: | ||||||||
1.80%, 9/15/2017 | 150,000 | 150,870 | ||||||
3.10%, 9/15/2022 (a) | 100,000 | 93,385 | ||||||
5.25%, 1/15/2019 | 250,000 | 281,881 | ||||||
7,523,101 | ||||||||
FOOD PRODUCTS — 1.8% | ||||||||
Archer-Daniels-Midland Co.: | ||||||||
4.48%, 3/1/2021 | 150,000 | 158,673 | ||||||
5.45%, 3/15/2018 | 300,000 | 340,400 | ||||||
Bunge Ltd. Finance Corp. 3.20%, 6/15/2017 | 250,000 | 256,696 | ||||||
Bunge, Ltd. 8.50%, 6/15/2019 | 150,000 | 184,541 | ||||||
Campbell Soup Co.: | ||||||||
3.05%, 7/15/2017 | 100,000 | 104,135 | ||||||
4.25%, 4/15/2021 | 150,000 | 150,860 | ||||||
ConAgra Foods, Inc.: | ||||||||
1.35%, 9/10/2015 | 150,000 | 150,411 | ||||||
1.90%, 1/25/2018 | 251,000 | 247,721 | ||||||
2.10%, 3/15/2018 | 150,000 | 147,689 | ||||||
3.20%, 1/25/2023 | 250,000 | 232,073 | ||||||
7.00%, 4/15/2019 | 250,000 | 297,374 | ||||||
Delhaize Group SA 4.13%, 4/10/2019 | 100,000 | 102,557 | ||||||
General Mills, Inc.: | ||||||||
0.88%, 1/29/2016 | 80,000 | 80,015 | ||||||
3.15%, 12/15/2021 | 50,000 | 48,769 | ||||||
5.70%, 2/15/2017 | 250,000 | 282,006 | ||||||
Ingredion, Inc. 1.80%, 9/25/2017 | 150,000 | 146,604 | ||||||
Kellogg Co.: | ||||||||
1.75%, 5/17/2017 | 200,000 | 201,391 | ||||||
1.88%, 11/17/2016 | 200,000 | 203,717 | ||||||
3.25%, 5/21/2018 | 35,000 | 36,622 | ||||||
4.15%, 11/15/2019 | 150,000 | 160,995 | ||||||
4.45%, 5/30/2016 | 300,000 | 324,130 | ||||||
Kraft Foods Group, Inc.: | ||||||||
2.25%, 6/5/2017 | 525,000 | 535,141 | ||||||
3.50%, 6/6/2022 | 250,000 | 245,387 | ||||||
McCormick & Co., Inc. 3.50%, 9/1/2023 | 107,000 | 105,208 | ||||||
Mondelez International, Inc.: | ||||||||
4.13%, 2/9/2016 | 610,000 | 648,749 | ||||||
5.38%, 2/10/2020 | 810,000 | 913,862 | ||||||
6.13%, 8/23/2018 | 130,000 | 151,858 | ||||||
Sara Lee Corp. 2.75%, 9/15/2015 | 200,000 | 202,615 | ||||||
The Hershey Co. 1.50%, 11/1/2016 | 250,000 | 249,752 | ||||||
The JM Smucker Co. 3.50%, 10/15/2021 | 300,000 | 298,831 | ||||||
Tyson Foods, Inc. 4.50%, 6/15/2022 | 200,000 | 203,415 | ||||||
Unilever Capital Corp.: | ||||||||
0.85%, 8/2/2017 (a) | 150,000 | 146,414 | ||||||
2.20%, 3/6/2019 | 250,000 | 249,538 | ||||||
4.25%, 2/10/2021 | 150,000 | 160,854 | ||||||
7,969,003 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
AGL Capital Corp. 3.50%, 9/15/2021 | 140,000 | 139,928 | ||||||
Atmos Energy Corp. 8.50%, 3/15/2019 | 150,000 | 192,079 | ||||||
National Grid PLC 6.30%, 8/1/2016 | 100,000 | 112,346 | ||||||
Questar Corp. 2.75%, 2/1/2016 | 315,000 | 321,572 | ||||||
765,925 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.3% | ||||||||
Baxter International, Inc.: | ||||||||
1.85%, 1/15/2017 | 500,000 | 505,362 | ||||||
2.40%, 8/15/2022 | 200,000 | 182,242 | ||||||
3.20%, 6/15/2023 | 250,000 | 238,998 | ||||||
Becton Dickinson and Co. 3.25%, 11/12/2020 | 250,000 | 252,959 | ||||||
Boston Scientific Corp.: | ||||||||
6.00%, 1/15/2020 | 250,000 | 288,052 | ||||||
6.40%, 6/15/2016 | 275,000 | 309,386 | ||||||
C.R. Bard, Inc. 2.88%, 1/15/2016 | 75,000 | 77,884 | ||||||
CareFusion Corp. 3.30%, 3/1/2023 (c) | 100,000 | 91,013 | ||||||
Covidien International Finance SA: | ||||||||
2.80%, 6/15/2015 | 350,000 | 360,079 | ||||||
2.95%, 6/15/2023 | 100,000 | 92,493 | ||||||
6.00%, 10/15/2017 | 500,000 | 571,869 | ||||||
CR Bard, Inc. 1.38%, 1/15/2018 | 100,000 | 97,253 | ||||||
DENTSPLY International, Inc. 4.13%, 8/15/2021 | 100,000 | 99,788 | ||||||
Edwards Lifesciences Corp. 2.88%, 10/15/2018 | 150,000 | 149,047 | ||||||
Johnson & Johnson 2.95%, 9/1/2020 | 250,000 | 253,522 | ||||||
Medtronic, Inc.: | ||||||||
2.63%, 3/15/2016 | 250,000 | 260,201 |
See accompanying notes to financial statements.
121
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
2.75%, 4/1/2023 | $ | 300,000 | $ | 276,565 | ||||
3.00%, 3/15/2015 | 300,000 | 308,686 | ||||||
3.13%, 3/15/2022 | 250,000 | 243,231 | ||||||
4.45%, 3/15/2020 | 185,000 | 201,971 | ||||||
St. Jude Medical, Inc. 2.50%, 1/15/2016 | 250,000 | 257,213 | ||||||
Stryker Corp. 2.00%, 9/30/2016 | 300,000 | 308,391 | ||||||
Zimmer Holdings, Inc. 3.38%, 11/30/2021 | 150,000 | 146,104 | ||||||
5,572,309 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.0% | ||||||||
Aetna, Inc.: | ||||||||
1.50%, 11/15/2017 | 250,000 | 245,935 | ||||||
2.75%, 11/15/2022 | 250,000 | 230,253 | ||||||
3.95%, 9/1/2020 | 150,000 | 157,094 | ||||||
6.00%, 6/15/2016 | 350,000 | 390,840 | ||||||
AmerisourceBergen Corp. 4.88%, 11/15/2019 | 250,000 | 276,224 | ||||||
Cardinal Health, Inc. 5.80%, 10/15/2016 | 250,000 | 280,815 | ||||||
Catholic Health Initiatives 2.95%, 11/1/2022 | 300,000 | 271,368 | ||||||
CIGNA Corp.: | ||||||||
4.00%, 2/15/2022 (a) | 250,000 | 255,086 | ||||||
4.50%, 3/15/2021 | 150,000 | 159,403 | ||||||
5.13%, 6/15/2020 | 350,000 | 387,780 | ||||||
Coventry Health Care, Inc. 5.45%, 6/15/2021 | 190,000 | 211,395 | ||||||
Express Scripts Holding Co.: | ||||||||
2.10%, 2/12/2015 | 750,000 | 760,068 | ||||||
3.90%, 2/15/2022 | 500,000 | 499,736 | ||||||
4.75%, 11/15/2021 | 250,000 | 265,020 | ||||||
Humana, Inc. 7.20%, 6/15/2018 | 260,000 | 310,156 | ||||||
Laboratory Corp. of America Holdings: | ||||||||
2.20%, 8/23/2017 | 67,000 | 66,841 | ||||||
2.50%, 11/1/2018 (a) | 150,000 | 148,729 | ||||||
3.13%, 5/15/2016 | 250,000 | 257,505 | ||||||
McKesson Corp. 7.50%, 2/15/2019 | 135,000 | 164,876 | ||||||
Quest Diagnostics, Inc.: | ||||||||
4.70%, 4/1/2021 | 150,000 | 153,627 | ||||||
5.45%, 11/1/2015 | 250,000 | 268,893 | ||||||
UnitedHealth Group, Inc.: | ||||||||
1.40%, 10/15/2017 | 67,000 | 66,392 | ||||||
1.88%, 11/15/2016 | 250,000 | 255,564 | ||||||
3.38%, 11/15/2021 | 250,000 | 247,738 | ||||||
3.88%, 10/15/2020 | 250,000 | 262,441 | ||||||
4.70%, 2/15/2021 (a) | 200,000 | 217,541 | ||||||
4.88%, 3/15/2015 | 150,000 | 157,530 | ||||||
6.00%, 2/15/2018 | 250,000 | 289,398 | ||||||
WellPoint, Inc.: | ||||||||
3.13%, 5/15/2022 | 375,000 | 351,656 | ||||||
3.30%, 1/15/2023 | 250,000 | 233,988 | ||||||
4.35%, 8/15/2020 | 300,000 | 317,545 | ||||||
5.25%, 1/15/2016 | 200,000 | 216,833 | ||||||
5.88%, 6/15/2017 | 300,000 | 339,078 | ||||||
7.00%, 2/15/2019 | 45,000 | 53,491 | ||||||
8,770,839 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.7% | ||||||||
Brinker International, Inc. 3.88%, 5/15/2023 | 100,000 | 91,609 | ||||||
Carnival Corp. 1.88%, 12/15/2017 | 250,000 | 244,447 | ||||||
Darden Restaurants, Inc. 6.20%, 10/15/2017 | 150,000 | 166,848 | ||||||
Hyatt Hotels Corp. 3.38%, 7/15/2023 | 60,000 | 54,866 | ||||||
International Game Technology 5.50%, 6/15/2020 (a) | 100,000 | 104,935 | ||||||
Marriott International, Inc.: | ||||||||
3.38%, 10/15/2020 | 167,000 | 165,263 | ||||||
6.38%, 6/15/2017 | 150,000 | 169,776 | ||||||
McDonald’s Corp.: | ||||||||
2.63%, 1/15/2022 (a) | 150,000 | 142,317 | ||||||
3.50%, 7/15/2020 | 55,000 | 56,763 | ||||||
3.63%, 5/20/2021 | 50,000 | 51,363 | ||||||
5.30%, 3/15/2017 | 40,000 | 45,091 | ||||||
5.35%, 3/1/2018 | 390,000 | 444,692 | ||||||
Starbucks Corp. 3.85%, 10/1/2023 | 250,000 | 249,838 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. 6.75%, 5/15/2018 | 250,000 | 291,283 | ||||||
Wyndham Worldwide Corp.: | ||||||||
2.50%, 3/1/2018 | 100,000 | 98,486 | ||||||
5.63%, 3/1/2021 | 250,000 | 268,520 | ||||||
Yum! Brands, Inc.: | ||||||||
3.75%, 11/1/2021 | 30,000 | 29,386 | ||||||
5.30%, 9/15/2019 | 150,000 | 166,155 | ||||||
6.25%, 3/15/2018 | 55,000 | 63,569 | ||||||
2,905,207 | ||||||||
HOUSEHOLD DURABLES — 0.3% | ||||||||
Leggett & Platt, Inc. 3.40%, 8/15/2022 | 100,000 | 95,960 | ||||||
Mohawk Industries, Inc.: | ||||||||
3.85%, 2/1/2023 | 150,000 | 142,178 | ||||||
6.13%, 1/15/2016 | 250,000 | 276,000 | ||||||
NVR, Inc. 3.95%, 9/15/2022 | 250,000 | 243,562 | ||||||
Whirlpool Corp.: | ||||||||
4.85%, 6/15/2021 | 50,000 | 53,189 | ||||||
6.50%, 6/15/2016 | 250,000 | 277,042 | ||||||
1,087,931 | ||||||||
HOUSEHOLD PRODUCTS — 0.6% | ||||||||
Colgate-Palmolive Co. 2.95%, 11/1/2020 | 250,000 | 249,731 | ||||||
Kimberly-Clark Corp.: | ||||||||
3.63%, 8/1/2020 | 85,000 | 88,579 | ||||||
7.50%, 11/1/2018 | 195,000 | 242,259 | ||||||
Newell Rubbermaid, Inc. 6.25%, 4/15/2018 | 150,000 | 171,502 | ||||||
The Clorox Co. 3.80%, 11/15/2021 | 250,000 | 250,716 |
See accompanying notes to financial statements.
122
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
The Procter & Gamble Co.: | ||||||||
1.45%, 8/15/2016 | $ | 250,000 | $ | 254,105 | ||||
1.80%, 11/15/2015 | 550,000 | 562,622 | ||||||
2.30%, 2/6/2022 | 250,000 | 233,936 | ||||||
3.50%, 2/15/2015 | 250,000 | 258,566 | ||||||
Tupperware Brands Corp. 4.75%, 6/1/2021 | 100,000 | 100,573 | ||||||
2,412,589 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1% | ||||||||
TransAlta Corp. 6.65%, 5/15/2018 | 300,000 | 338,797 | ||||||
INDUSTRIAL CONGLOMERATES — 0.9% | ||||||||
3M Co. 1.00%, 6/26/2017 | 220,000 | 217,849 | ||||||
Cooper US, Inc.: | ||||||||
2.38%, 1/15/2016 | 100,000 | 102,226 | ||||||
3.88%, 12/15/2020 | 150,000 | 156,676 | ||||||
Crane Co. 2.75%, 12/15/2018 | 100,000 | 99,734 | ||||||
GE Capital Trust I 6.38%, 11/15/2067 (b) | 600,000 | 648,000 | ||||||
General Electric Co.: | ||||||||
0.85%, 10/9/2015 | 100,000 | 100,553 | ||||||
2.70%, 10/9/2022 | 250,000 | 233,966 | ||||||
5.25%, 12/6/2017 | 1,010,000 | 1,144,202 | ||||||
Koninklijke Philips Electronics NV: | ||||||||
3.75%, 3/15/2022 | 200,000 | 199,891 | ||||||
5.75%, 3/11/2018 | 300,000 | 343,245 | ||||||
Pentair Finance SA 5.00%, 5/15/2021 | 150,000 | 156,980 | ||||||
Tyco Electronics Group SA: | ||||||||
2.38%, 12/17/2018 | 40,000 | 39,513 | ||||||
6.55%, 10/1/2017 | 210,000 | 238,739 | ||||||
3,681,574 | ||||||||
INSURANCE — 3.9% | ||||||||
ACE INA Holdings, Inc.: | ||||||||
2.60%, 11/23/2015 | 250,000 | 258,271 | ||||||
5.90%, 6/15/2019 | 155,000 | 180,535 | ||||||
AEGON Funding Co. LLC 5.75%, 12/15/2020 | 100,000 | 112,097 | ||||||
Aflac, Inc.: | ||||||||
2.65%, 2/15/2017 | 250,000 | 257,670 | ||||||
8.50%, 5/15/2019 | 145,000 | 184,391 | ||||||
Alleghany Corp. 4.95%, 6/27/2022 | 100,000 | 103,451 | ||||||
Allied World Assurance Co., Ltd. 7.50%, 8/1/2016 | 100,000 | 114,417 | ||||||
American International Group, Inc.: | ||||||||
4.88%, 6/1/2022 | 250,000 | 268,133 | ||||||
5.45%, 5/18/2017 | 250,000 | 279,028 | ||||||
5.85%, 1/16/2018 | 725,000 | 830,187 | ||||||
6.40%, 12/15/2020 | 250,000 | 295,136 | ||||||
8.25%, 8/15/2018 | 1,100,000 | 1,375,101 | ||||||
AON Corp. 5.00%, 9/30/2020 | 225,000 | 245,014 | ||||||
Axis Specialty Finance LLC 5.88%, 6/1/2020 | 100,000 | 110,176 | ||||||
Berkshire Hathaway Finance Corp.: | ||||||||
0.95%, 8/15/2016 | 250,000 | 250,221 | ||||||
1.30%, 5/15/2018 | 100,000 | 96,928 | ||||||
4.25%, 1/15/2021 (a) | 100,000 | 105,234 | ||||||
5.40%, 5/15/2018 (a) | 320,000 | 363,346 | ||||||
Berkshire Hathaway, Inc.: | ||||||||
1.55%, 2/9/2018 | 150,000 | 147,715 | ||||||
1.90%, 1/31/2017 | 200,000 | 202,775 | ||||||
2.20%, 8/15/2016 | 250,000 | 257,641 | ||||||
3.00%, 2/11/2023 | 250,000 | 235,504 | ||||||
3.20%, 2/11/2015 | 350,000 | 360,315 | ||||||
3.40%, 1/31/2022 | 150,000 | 147,836 | ||||||
Chubb Corp. 6.38%, 3/29/2067 (b) | 195,000 | 212,550 | ||||||
CNA Financial Corp.: | ||||||||
5.88%, 8/15/2020 | 150,000 | 169,873 | ||||||
6.50%, 8/15/2016 | 150,000 | 168,733 | ||||||
Fidelity National Financial, Inc. 5.50%, 9/1/2022 | 100,000 | 103,424 | ||||||
First American Financial Corp. 4.30%, 2/1/2023 | 100,000 | 94,536 | ||||||
Genworth Financial, Inc.: | ||||||||
7.20%, 2/15/2021 | 150,000 | 173,376 | ||||||
7.63%, 9/24/2021 (a) | 100,000 | 118,715 | ||||||
8.63%, 12/15/2016 | 150,000 | 177,592 | ||||||
Genworth Holdings, Inc. 4.90%, 8/15/2023 (a) | 86,000 | 85,948 | ||||||
Hartford Financial Services Group, Inc.: | ||||||||
4.00%, 3/30/2015 | 100,000 | 103,726 | ||||||
5.13%, 4/15/2022 | 150,000 | 163,374 | ||||||
5.50%, 3/30/2020 | 250,000 | 277,719 | ||||||
Infinity Property & Casualty Corp. 5.00%, 9/19/2022 | 100,000 | 98,555 | ||||||
ING US, Inc.: | ||||||||
2.90%, 2/15/2018 | 300,000 | 305,995 | ||||||
5.50%, 7/15/2022 | 100,000 | 108,445 | ||||||
Lincoln National Corp.: | ||||||||
7.00%, 5/17/2066 (b) | 600,000 | 609,000 | ||||||
8.75%, 7/1/2019 | 300,000 | 383,575 | ||||||
Loews Corp. 2.63%, 5/15/2023 | 100,000 | 89,141 | ||||||
Manulife Financial Corp. 3.40%, 9/17/2015 | 100,000 | 103,738 | ||||||
Markel Corp. 3.63%, 3/30/2023 | 150,000 | 140,076 | ||||||
Marsh & McLennan Cos., Inc.: | ||||||||
2.55%, 10/15/2018 | 75,000 | 74,704 | ||||||
4.80%, 7/15/2021 | 50,000 | 53,058 | ||||||
MetLife, Inc.: | ||||||||
4.37%, 9/15/2023 | 200,000 | 204,975 | ||||||
4.75%, 2/8/2021 | 250,000 | 270,194 | ||||||
6.75%, 6/1/2016 | 515,000 | 584,388 | ||||||
Montpelier Re Holdings, Ltd. 4.70%, 10/15/2022 | 100,000 | 96,111 | ||||||
OneBeacon US Holdings, Inc. 4.60%, 11/9/2022 | 100,000 | 96,417 | ||||||
PartnerRe, Ltd. 5.50%, 6/1/2020 | 100,000 | 108,370 |
See accompanying notes to financial statements.
123
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Principal Financial Group, Inc. 8.88%, 5/15/2019 | $ | 250,000 | $ | 318,258 | ||||
ProAssurance Corp. 5.30%, 11/15/2023 | 100,000 | 101,090 | ||||||
Prudential Financial, Inc.: | ||||||||
3.00%, 5/12/2016 | 250,000 | 259,767 | ||||||
3.88%, 1/14/2015 | 125,000 | 129,241 | ||||||
4.50%, 11/16/2021 (a) | 250,000 | 266,056 | ||||||
4.75%, 9/17/2015 | 320,000 | 340,836 | ||||||
5.63%, 6/15/2043 (b) | 500,000 | 491,250 | ||||||
5.88%, 9/15/2042 (b) | 250,000 | 253,125 | ||||||
7.38%, 6/15/2019 | 250,000 | 306,245 | ||||||
Reinsurance Group of America, Inc. 6.45%, 11/15/2019 | 250,000 | 286,861 | ||||||
StanCorp Financial Group, Inc. 5.00%, 8/15/2022 | 100,000 | 98,230 | ||||||
The Allstate Corp. 5.75%, 8/15/2053 (b) | 350,000 | 353,500 | ||||||
The Progressive Corp. 3.75%, 8/23/2021 | 150,000 | 152,419 | ||||||
The Travelers Cos., Inc.: | ||||||||
5.80%, 5/15/2018 | 105,000 | 120,494 | ||||||
6.25%, 6/20/2016 | 320,000 | 359,073 | ||||||
Torchmark Corp. 3.80%, 9/15/2022 (a) | 75,000 | 71,733 | ||||||
Transatlantic Holdings, Inc. 5.75%, 12/14/2015 | 100,000 | 108,177 | ||||||
Trinity Acquisition PLC 4.63%, 8/15/2023 | 150,000 | 147,907 | ||||||
Unum Group 7.13%, 9/30/2016 | 100,000 | 113,584 | ||||||
Willis North America, Inc. 6.20%, 3/28/2017 | 250,000 | 274,623 | ||||||
WR Berkley Corp. 4.63%, 3/15/2022 | 150,000 | 151,705 | ||||||
XLIT, Ltd. 2.30%, 12/15/2018 | 200,000 | 196,877 | ||||||
16,858,481 | ||||||||
INTERNET & CATALOG RETAIL — 0.0% (d) | ||||||||
Expedia, Inc. 5.95%, 8/15/2020 | 200,000 | 214,000 | ||||||
INTERNET SOFTWARE & SERVICES — 0.3% | ||||||||
Amazon.com, Inc.: | ||||||||
1.20%, 11/29/2017 | 250,000 | 245,217 | ||||||
2.50%, 11/29/2022 (a) | 300,000 | 270,595 | ||||||
Baidu, Inc.: | ||||||||
2.25%, 11/28/2017 | 50,000 | 49,559 | ||||||
3.50%, 11/28/2022 (a) | 150,000 | 137,148 | ||||||
eBay, Inc.: | ||||||||
0.70%, 7/15/2015 | 288,000 | 288,768 | ||||||
2.60%, 7/15/2022 | 150,000 | 137,420 | ||||||
3.25%, 10/15/2020 | 150,000 | 150,385 | ||||||
Google, Inc. 3.63%, 5/19/2021 | 150,000 | 155,588 | ||||||
1,434,680 | ||||||||
IT SERVICES — 0.3% | ||||||||
Broadridge Financial Solutions, Inc. 3.95%, 9/1/2020 | 100,000 | 99,775 | ||||||
Fiserv, Inc.: | ||||||||
3.50%, 10/1/2022 | 250,000 | 232,806 | ||||||
6.80%, 11/20/2017 | 150,000 | 173,513 | ||||||
International Business Machines Corp. 5.70%, 9/14/2017 | 545,000 | 624,424 | ||||||
1,130,518 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.0% (d) | ||||||||
Mattel, Inc. 3.15%, 3/15/2023 | 150,000 | 138,536 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.3% | ||||||||
Life Technologies Corp. 5.00%, 1/15/2021 | 250,000 | 272,283 | ||||||
Thermo Fisher Scientific, Inc.: | ||||||||
2.25%, 8/15/2016 | 400,000 | 411,167 | ||||||
3.20%, 5/1/2015 | 250,000 | 257,312 | ||||||
3.20%, 3/1/2016 | 40,000 | 41,912 | ||||||
4.50%, 3/1/2021 | 500,000 | 527,950 | ||||||
1,510,624 | ||||||||
MACHINERY — 0.9% | ||||||||
Caterpillar, Inc.: | ||||||||
1.50%, 6/26/2017 (a) | 450,000 | 451,714 | ||||||
2.60%, 6/26/2022 (a) | 100,000 | 93,041 | ||||||
3.90%, 5/27/2021 | 250,000 | 259,659 | ||||||
7.90%, 12/15/2018 | 250,000 | 314,708 | ||||||
Danaher Corp. 5.40%, 3/1/2019 | 250,000 | 283,400 | ||||||
Deere & Co. 2.60%, 6/8/2022 | 250,000 | 233,559 | ||||||
Dover Corp. 4.30%, 3/1/2021 | 250,000 | 266,535 | ||||||
Eaton Corp.: | ||||||||
2.75%, 11/2/2022 | 500,000 | 466,002 | ||||||
6.95%, 3/20/2019 | 150,000 | 178,678 | ||||||
Illinois Tool Works, Inc.: | ||||||||
3.38%, 9/15/2021 | 45,000 | 45,053 | ||||||
6.25%, 4/1/2019 | 250,000 | 293,056 | ||||||
Ingersoll-Rand Global Holding Co., Ltd.: | ||||||||
2.88%, 1/15/2019 (c) | 200,000 | 199,415 | ||||||
4.25%, 6/15/2023 (a)(c) | 200,000 | 196,072 | ||||||
Joy Global, Inc. 5.13%, 10/15/2021 (a) | 80,000 | 83,211 | ||||||
Kennametal, Inc. 2.65%, 11/1/2019 | 100,000 | 96,792 | ||||||
Stanley Black & Decker, Inc.: | ||||||||
2.90%, 11/1/2022 | 300,000 | 279,309 | ||||||
3.40%, 12/1/2021 (a) | 100,000 | 97,907 | ||||||
3,838,111 | ||||||||
MEDIA — 4.2% | ||||||||
21st Century Fox America, Inc.: | ||||||||
3.00%, 9/15/2022 | 250,000 | 235,158 | ||||||
4.50%, 2/15/2021 | 200,000 | 213,061 | ||||||
6.90%, 3/1/2019 | 260,000 | 308,763 | ||||||
CBS Corp.: | ||||||||
1.95%, 7/1/2017 | 100,000 | 100,210 | ||||||
3.38%, 3/1/2022 | 150,000 | 143,445 | ||||||
4.30%, 2/15/2021 | 100,000 | 103,361 | ||||||
5.75%, 4/15/2020 | 450,000 | 503,797 |
See accompanying notes to financial statements.
124
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
8.88%, 5/15/2019 | $ | 145,000 | $ | 183,853 | ||||
CC Holdings GS V LLC 2.38%, 12/15/2017 | 100,000 | 99,041 | ||||||
Comcast Cable Communications Holdings, Inc. 9.46%, 11/15/2022 | 600,000 | 831,092 | ||||||
Comcast Corp.: | ||||||||
3.13%, 7/15/2022 | 300,000 | 286,253 | ||||||
5.15%, 3/1/2020 | 300,000 | 332,364 | ||||||
5.70%, 5/15/2018 | 315,000 | 361,593 | ||||||
5.85%, 11/15/2015 | 150,000 | 163,941 | ||||||
5.88%, 2/15/2018 | 600,000 | 692,374 | ||||||
5.90%, 3/15/2016 | 250,000 | 276,561 | ||||||
6.50%, 1/15/2015 | 500,000 | 530,041 | ||||||
6.50%, 1/15/2017 | 250,000 | 287,095 | ||||||
Cox Communications, Inc. 5.50%, 10/1/2015 | 200,000 | 214,679 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
1.75%, 1/15/2018 (a) | 200,000 | 196,025 | ||||||
3.13%, 2/15/2016 | 250,000 | 260,290 | ||||||
3.50%, 3/1/2016 | 250,000 | 262,173 | ||||||
3.55%, 3/15/2015 | 395,000 | 407,443 | ||||||
Series WI 3.80%, 3/15/2022 (a) | 250,000 | 239,630 | ||||||
5.00%, 3/1/2021 | 150,000 | 157,284 | ||||||
5.20%, 3/15/2020 | 350,000 | 380,731 | ||||||
5.88%, 10/1/2019 | 250,000 | 282,226 | ||||||
Discovery Communications LLC: | ||||||||
3.30%, 5/15/2022 | 150,000 | 142,514 | ||||||
3.70%, 6/1/2015 | 250,000 | 260,134 | ||||||
4.38%, 6/15/2021 | 100,000 | 103,654 | ||||||
5.05%, 6/1/2020 | 200,000 | 218,789 | ||||||
5.63%, 8/15/2019 | 100,000 | 113,000 | ||||||
Graham Holdings Co. 7.25%, 2/1/2019 | 100,000 | 116,876 | ||||||
Grupo Televisa SAB 6.00%, 5/15/2018 (a) | 300,000 | 334,344 | ||||||
NBCUniversal Media LLC: | ||||||||
3.65%, 4/30/2015 | 500,000 | 519,933 | ||||||
4.38%, 4/1/2021 | 300,000 | 317,511 | ||||||
5.15%, 4/30/2020 | 210,000 | 233,835 | ||||||
Omnicom Group, Inc.: | ||||||||
3.63%, 5/1/2022 | 300,000 | 291,934 | ||||||
4.45%, 8/15/2020 | 250,000 | 262,305 | ||||||
Reed Elsevier Capital, Inc.: | ||||||||
3.13%, 10/15/2022 | 100,000 | 92,114 | ||||||
8.63%, 1/15/2019 | 150,000 | 188,084 | ||||||
The Interpublic Group of Cos., Inc. 2.25%, 11/15/2017 (a) | 100,000 | 99,126 | ||||||
The Walt Disney Co.: | ||||||||
1.13%, 2/15/2017 (a) | 300,000 | 294,526 | ||||||
2.35%, 12/1/2022 | 250,000 | 228,009 | ||||||
3.75%, 6/1/2021 | 200,000 | 204,456 | ||||||
5.50%, 3/15/2019 | 300,000 | 340,405 | ||||||
Thomson Reuters Corp. 6.50%, 7/15/2018 | 405,000 | 469,615 | ||||||
Time Warner Cable, Inc.: | ||||||||
4.00%, 9/1/2021 (a) | 250,000 | 230,363 | ||||||
5.00%, 2/1/2020 | 500,000 | 501,092 | ||||||
5.85%, 5/1/2017 | 825,000 | 900,725 | ||||||
8.25%, 4/1/2019 | 200,000 | 234,827 | ||||||
8.75%, 2/14/2019 | 500,000 | 597,483 | ||||||
Time Warner, Inc.: | ||||||||
4.70%, 1/15/2021 | 500,000 | 532,095 | ||||||
4.88%, 3/15/2020 | 350,000 | 380,542 | ||||||
5.88%, 11/15/2016 | 740,000 | 833,661 | ||||||
Viacom, Inc.: | ||||||||
2.50%, 9/1/2018 | 100,000 | 100,271 | ||||||
3.13%, 6/15/2022 | 250,000 | 234,312 | ||||||
3.25%, 3/15/2023 (a) | 100,000 | 92,391 | ||||||
3.50%, 4/1/2017 | 100,000 | 105,869 | ||||||
3.88%, 12/15/2021 | 250,000 | 247,765 | ||||||
6.25%, 4/30/2016 | 400,000 | 446,617 | ||||||
18,321,661 | ||||||||
METALS & MINING — 2.7% | ||||||||
Alcoa, Inc.: | ||||||||
5.40%, 4/15/2021 | 500,000 | 511,832 | ||||||
6.15%, 8/15/2020 | 200,000 | 215,653 | ||||||
6.75%, 7/15/2018 | 205,000 | 230,557 | ||||||
Allegheny Technologies, Inc. 5.88%, 8/15/2023 | 100,000 | 100,483 | ||||||
Barrick Gold Corp.: | ||||||||
3.85%, 4/1/2022 | 250,000 | 225,433 | ||||||
6.95%, 4/1/2019 | 650,000 | 743,654 | ||||||
Barrick North America Finance LLC 4.40%, 5/30/2021 | 50,000 | 48,047 | ||||||
BHP Billiton Finance USA, Ltd.: | ||||||||
1.00%, 2/24/2015 | 250,000 | 251,239 | ||||||
1.63%, 2/24/2017 | 250,000 | 251,819 | ||||||
1.88%, 11/21/2016 | 500,000 | 511,049 | ||||||
2.05%, 9/30/2018 | 250,000 | 249,573 | ||||||
2.88%, 2/24/2022 | 200,000 | 191,102 | ||||||
3.25%, 11/21/2021 | 250,000 | 249,009 | ||||||
5.25%, 12/15/2015 | 575,000 | 625,302 | ||||||
Carpenter Technology Corp. 4.45%, 3/1/2023 | 40,000 | 38,518 | ||||||
Cliffs Natural Resources, Inc.: | ||||||||
3.95%, 1/15/2018 (a) | 250,000 | 251,969 | ||||||
4.88%, 4/1/2021 | 100,000 | 97,419 | ||||||
Freeport-McMoRan Copper & Gold, Inc.: | ||||||||
2.38%, 3/15/2018 | 550,000 | 549,713 | ||||||
3.10%, 3/15/2020 | 250,000 | 242,312 | ||||||
3.55%, 3/1/2022 | 800,000 | 753,361 | ||||||
3.88%, 3/15/2023 | 250,000 | 235,841 | ||||||
Newmont Mining Corp. 3.50%, 3/15/2022 (a) | 250,000 | 211,585 | ||||||
Nucor Corp.: | ||||||||
4.00%, 8/1/2023 | 150,000 | 146,409 | ||||||
5.75%, 12/1/2017 (a) | 250,000 | 283,249 | ||||||
Rio Tinto Finance USA PLC: | ||||||||
1.38%, 6/17/2016 | 250,000 | 251,691 | ||||||
2.25%, 12/14/2018 | 300,000 | 298,080 | ||||||
2.88%, 8/21/2022 (a) | 150,000 | 139,469 | ||||||
Rio Tinto Finance USA, Ltd.: | ||||||||
2.25%, 9/20/2016 | 150,000 | 154,218 | ||||||
3.50%, 11/2/2020 | 400,000 | 405,898 | ||||||
3.75%, 9/20/2021 | 150,000 | 149,922 |
See accompanying notes to financial statements.
125
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.50%, 7/15/2018 | $ | 475,000 | $ | 559,667 | ||||
9.00%, 5/1/2019 | 300,000 | 392,618 | ||||||
Southern Copper Corp. 3.50%, 11/8/2022 | 89,000 | 81,697 | ||||||
Teck Resources, Ltd.: | ||||||||
3.75%, 2/1/2023 | 250,000 | 232,823 | ||||||
4.50%, 1/15/2021 | 600,000 | 600,450 | ||||||
Vale Overseas, Ltd.: | ||||||||
4.38%, 1/11/2022 | 100,000 | 97,213 | ||||||
5.63%, 9/15/2019 | 360,000 | 390,747 | ||||||
6.25%, 1/23/2017 | 500,000 | 555,888 | ||||||
Xstrata Canada Corp. 6.00%, 10/15/2015 | 150,000 | 162,323 | ||||||
11,687,832 | ||||||||
MULTI-UTILITIES — 1.0% | ||||||||
Dominion Resources, Inc.: | ||||||||
4.45%, 3/15/2021 | 250,000 | 264,882 | ||||||
5.60%, 11/15/2016 | 300,000 | 334,305 | ||||||
6.40%, 6/15/2018 | 250,000 | 292,502 | ||||||
8.88%, 1/15/2019 | 250,000 | 318,373 | ||||||
MidAmerican Energy Co. 2.40%, 3/15/2019 | 150,000 | 150,380 | ||||||
MidAmerican Energy Holdings Co.: | ||||||||
3.75%, 11/15/2023 (c) | 600,000 | 587,494 | ||||||
5.75%, 4/1/2018 | 490,000 | 559,384 | ||||||
NSTAR 4.50%, 11/15/2019 | 150,000 | 162,382 | ||||||
Sempra Energy: | ||||||||
6.15%, 6/15/2018 | 300,000 | 344,697 | ||||||
6.50%, 6/1/2016 | 395,000 | 443,951 | ||||||
Xcel Energy, Inc. 4.70%, 5/15/2020 | 650,000 | 708,807 | ||||||
4,167,157 | ||||||||
MULTILINE RETAIL — 0.4% | ||||||||
Kohl’s Corp.: | ||||||||
4.00%, 11/1/2021 (a) | 150,000 | 148,431 | ||||||
4.75%, 12/15/2023 | 200,000 | 203,055 | ||||||
Macy’s Retail Holdings, Inc.: | ||||||||
2.88%, 2/15/2023 | 285,000 | 258,499 | ||||||
3.88%, 1/15/2022 | 240,000 | 237,835 | ||||||
4.38%, 9/1/2023 | 90,000 | 90,829 | ||||||
7.88%, 7/15/2015 (a) | 250,000 | 276,605 | ||||||
Nordstrom, Inc. 6.25%, 1/15/2018 | 300,000 | 341,751 | ||||||
Target Corp.: | ||||||||
2.90%, 1/15/2022 | 100,000 | 95,778 | ||||||
5.38%, 5/1/2017 | 250,000 | 283,670 | ||||||
1,936,453 | ||||||||
OFFICE ELECTRONICS — 0.4% | ||||||||
Xerox Corp.: | ||||||||
2.95%, 3/15/2017 | 340,000 | 352,792 | ||||||
4.25%, 2/15/2015 | 395,000 | 408,990 | ||||||
4.50%, 5/15/2021 | 250,000 | 254,588 | ||||||
5.63%, 12/15/2019 (a) | 350,000 | 391,906 | ||||||
6.35%, 5/15/2018 (a) | 150,000 | 173,519 | ||||||
1,581,795 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 9.2% | ||||||||
Anadarko Petroleum Corp.: | ||||||||
5.95%, 9/15/2016 | 300,000 | 334,532 | ||||||
6.38%, 9/15/2017 | 300,000 | 343,890 | ||||||
6.95%, 6/15/2019 | 155,000 | 183,987 | ||||||
8.70%, 3/15/2019 | 150,000 | 190,185 | ||||||
Apache Corp.: | ||||||||
2.63%, 1/15/2023 | 300,000 | 276,347 | ||||||
3.25%, 4/15/2022 | 145,000 | 141,924 | ||||||
6.90%, 9/15/2018 | 300,000 | 360,639 | ||||||
Baker Hughes, Inc. 7.50%, 11/15/2018 | 185,000 | 229,695 | ||||||
Boardwalk Pipelines LP 5.75%, 9/15/2019 | 150,000 | 165,048 | ||||||
BP Capital Markets PLC: | ||||||||
1.85%, 5/5/2017 | 250,000 | 252,910 | ||||||
2.24%, 9/26/2018 | 250,000 | 250,593 | ||||||
2.25%, 11/1/2016 | 250,000 | 258,227 | ||||||
2.50%, 11/6/2022 | 100,000 | 90,821 | ||||||
2.75%, 5/10/2023 | 250,000 | 228,423 | ||||||
3.56%, 11/1/2021 | 330,000 | 331,647 | ||||||
4.74%, 3/11/2021 (a) | 255,000 | 277,733 | ||||||
4.75%, 3/10/2019 | 175,000 | 194,615 | ||||||
Buckeye Partners LP: | ||||||||
2.65%, 11/15/2018 | 150,000 | 147,984 | ||||||
4.88%, 2/1/2021 (a) | 250,000 | 254,150 | ||||||
Canadian Natural Resources, Ltd.: | ||||||||
3.45%, 11/15/2021 (a) | 250,000 | 246,478 | ||||||
5.70%, 5/15/2017 | 205,000 | 230,055 | ||||||
Cenovus Energy, Inc.: | ||||||||
3.00%, 8/15/2022 | 250,000 | 233,527 | ||||||
5.70%, 10/15/2019 | 300,000 | 341,238 | ||||||
CenterPoint Energy Resources Corp.: | ||||||||
4.50%, 1/15/2021 | 65,000 | 69,202 | ||||||
6.15%, 5/1/2016 | 250,000 | 276,274 | ||||||
Chevron Corp.: | ||||||||
1.10%, 12/5/2017 | 250,000 | 244,196 | ||||||
1.72%, 6/24/2018 | 350,000 | 348,206 | ||||||
2.36%, 12/5/2022 | 500,000 | 454,721 | ||||||
3.19%, 6/24/2023 | 350,000 | 336,482 | ||||||
4.95%, 3/3/2019 | 205,000 | 232,652 | ||||||
ConocoPhillips: | ||||||||
4.60%, 1/15/2015 | 150,000 | 156,147 | ||||||
5.75%, 2/1/2019 | 360,000 | 417,238 | ||||||
6.00%, 1/15/2020 | 450,000 | 523,861 | ||||||
ConocoPhillips Canada Funding Co. 5.63%, 10/15/2016 | 250,000 | 280,940 | ||||||
Continental Resources, Inc. 5.00%, 9/15/2022 | 300,000 | 311,250 | ||||||
DCP Midstream Operating LP: | ||||||||
2.50%, 12/1/2017 | 250,000 | 250,111 | ||||||
3.88%, 3/15/2023 | 300,000 | 276,847 | ||||||
Devon Energy Corp.: | ||||||||
2.40%, 7/15/2016 | 500,000 | 515,776 | ||||||
6.30%, 1/15/2019 | 300,000 | 347,987 | ||||||
Diamond Offshore Drilling, Inc. 5.88%, 5/1/2019 | 145,000 | 168,206 | ||||||
El Paso Natural Gas Co. 5.95%, 4/15/2017 | 150,000 | 167,000 |
See accompanying notes to financial statements.
126
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Enbridge Energy Partners LP: | ||||||||
5.20%, 3/15/2020 (a) | $ | 250,000 | $ | 270,362 | ||||
9.88%, 3/1/2019 | 250,000 | 325,705 | ||||||
Enbridge, Inc. 5.60%, 4/1/2017 | 250,000 | 277,028 | ||||||
EnCana Corp. 6.50%, 5/15/2019 | 310,000 | 361,982 | ||||||
Energy Transfer Partners LP: | ||||||||
3.60%, 2/1/2023 | 500,000 | 464,007 | ||||||
4.15%, 10/1/2020 | 150,000 | 152,127 | ||||||
5.20%, 2/1/2022 | 250,000 | 262,480 | ||||||
5.95%, 2/1/2015 | 250,000 | 263,059 | ||||||
6.70%, 7/1/2018 | 250,000 | 289,949 | ||||||
Ensco PLC: | ||||||||
3.25%, 3/15/2016 | 400,000 | 417,473 | ||||||
4.70%, 3/15/2021 | 425,000 | 450,068 | ||||||
Enterprise Products Operating LLC: | ||||||||
1.25%, 8/13/2015 | 399,000 | 401,840 | ||||||
3.20%, 2/1/2016 | 100,000 | 104,597 | ||||||
3.35%, 3/15/2023 | 250,000 | 237,076 | ||||||
5.25%, 1/31/2020 | 100,000 | 111,494 | ||||||
6.30%, 9/15/2017 | 410,000 | 473,640 | ||||||
EOG Resources, Inc.: | ||||||||
2.63%, 3/15/2023 | 600,000 | 545,773 | ||||||
2.95%, 6/1/2015 | 350,000 | 361,757 | ||||||
4.40%, 6/1/2020 | 250,000 | 265,971 | ||||||
EQT Corp. 8.13%, 6/1/2019 | 150,000 | 179,554 | ||||||
Hess Corp. 8.13%, 2/15/2019 | 350,000 | 434,795 | ||||||
Husky Energy, Inc. 7.25%, 12/15/2019 | 250,000 | 300,928 | ||||||
Kinder Morgan Energy Partners LP: | ||||||||
2.65%, 2/1/2019 | 150,000 | 148,254 | ||||||
3.45%, 2/15/2023 | 200,000 | 185,456 | ||||||
3.50%, 9/1/2023 | 425,000 | 392,368 | ||||||
3.95%, 9/1/2022 | 150,000 | 146,258 | ||||||
4.15%, 3/1/2022 | 150,000 | 149,405 | ||||||
5.30%, 9/15/2020 | 200,000 | 219,746 | ||||||
6.00%, 2/1/2017 | 305,000 | 343,369 | ||||||
Magellan Midstream Partners LP 6.55%, 7/15/2019 | 150,000 | 177,931 | ||||||
Marathon Oil Corp.: | ||||||||
0.90%, 11/1/2015 | 150,000 | 150,311 | ||||||
2.80%, 11/1/2022 | 250,000 | 230,367 | ||||||
6.00%, 10/1/2017 | 300,000 | 343,865 | ||||||
Marathon Petroleum Corp. 5.13%, 3/1/2021 | 300,000 | 324,970 | ||||||
Murphy Oil Corp. 2.50%, 12/1/2017 | 200,000 | 201,955 | ||||||
Noble Energy, Inc.: | ||||||||
4.15%, 12/15/2021 | 250,000 | 256,350 | ||||||
8.25%, 3/1/2019 | 150,000 | 186,303 | ||||||
Noble Holding International, Ltd.: | ||||||||
3.95%, 3/15/2022 (a) | 250,000 | 245,225 | ||||||
4.90%, 8/1/2020 (a) | 200,000 | 211,185 | ||||||
Occidental Petroleum Corp.: | ||||||||
1.75%, 2/15/2017 | 250,000 | 253,525 | ||||||
2.50%, 2/1/2016 | 300,000 | 311,049 | ||||||
2.70%, 2/15/2023 | 250,000 | 229,377 | ||||||
4.10%, 2/1/2021 | 250,000 | 262,098 | ||||||
ONEOK Partners LP: | ||||||||
3.20%, 9/15/2018 | 75,000 | 76,786 | ||||||
3.25%, 2/1/2016 | 50,000 | 52,139 | ||||||
3.38%, 10/1/2022 | 250,000 | 233,496 | ||||||
6.15%, 10/1/2016 | 150,000 | 168,218 | ||||||
ONEOK, Inc. 4.25%, 2/1/2022 (a) | 150,000 | 141,661 | ||||||
Panhandle Eastern Pipeline Co. LP 6.20%, 11/1/2017 | 150,000 | 171,000 | ||||||
Phillips 66: | ||||||||
2.95%, 5/1/2017 | 350,000 | 363,910 | ||||||
4.30%, 4/1/2022 | 600,000 | 608,835 | ||||||
Pioneer Natural Resources Co.: | ||||||||
3.95%, 7/15/2022 | 250,000 | 249,868 | ||||||
7.50%, 1/15/2020 | 250,000 | 304,352 | ||||||
Plains All American Pipeline LP/PAA Finance Corp.: | ||||||||
2.85%, 1/31/2023 | 100,000 | 90,763 | ||||||
3.85%, 10/15/2023 | 100,000 | 97,459 | ||||||
3.95%, 9/15/2015 | 10,000 | 10,519 | ||||||
5.00%, 2/1/2021 | 250,000 | 271,588 | ||||||
5.75%, 1/15/2020 | 250,000 | 285,235 | ||||||
8.75%, 5/1/2019 | 200,000 | 255,847 | ||||||
Plains Exploration & Production Co. 6.13%, 6/15/2019 | 300,000 | 330,000 | ||||||
Rowan Cos., Inc. 7.88%, 8/1/2019 | 150,000 | 181,090 | ||||||
Shell International Finance BV: | ||||||||
1.13%, 8/21/2017 | 300,000 | 296,685 | ||||||
1.90%, 8/10/2018 (a) | 250,000 | 249,694 | ||||||
2.25%, 1/6/2023 | 150,000 | 134,237 | ||||||
2.38%, 8/21/2022 | 300,000 | 274,446 | ||||||
3.10%, 6/28/2015 | 150,000 | 155,707 | ||||||
3.40%, 8/12/2023 | 250,000 | 243,435 | ||||||
4.30%, 9/22/2019 | 350,000 | 383,837 | ||||||
5.20%, 3/22/2017 | 300,000 | 336,448 | ||||||
Southern Natural Gas Co.: | ||||||||
4.40%, 6/15/2021 | 250,000 | 256,758 | ||||||
5.90%, 4/1/2017 (c) | 250,000 | 279,537 | ||||||
Southwestern Energy Co. 4.10%, 3/15/2022 | 250,000 | 248,659 | ||||||
Spectra Energy Capital LLC 8.00%, 10/1/2019 | 250,000 | 303,213 | ||||||
Spectra Energy Partners LP 2.95%, 9/25/2018 | 150,000 | 151,202 | ||||||
Suncor Energy, Inc. 6.10%, 6/1/2018 | 150,000 | 173,411 | ||||||
Sunoco Logistics Partners Operations LP 3.45%, 1/15/2023 | 150,000 | 137,806 | ||||||
Talisman Energy, Inc.: | ||||||||
3.75%, 2/1/2021 | 200,000 | 195,042 | ||||||
7.75%, 6/1/2019 | 150,000 | 179,665 | ||||||
Texas Gas Transmission LLC 4.60%, 6/1/2015 | 250,000 | 258,867 | ||||||
The Williams Cos., Inc. 3.70%, 1/15/2023 | 550,000 | 479,960 |
See accompanying notes to financial statements.
127
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Total Capital International SA: | ||||||||
1.00%, 8/12/2016 | $ | 250,000 | $ | 250,543 | ||||
1.50%, 2/17/2017 | 300,000 | 301,485 | ||||||
1.55%, 6/28/2017 | 300,000 | 300,634 | ||||||
2.70%, 1/25/2023 | 200,000 | 184,315 | ||||||
2.88%, 2/17/2022 | 150,000 | 143,238 | ||||||
Total Capital SA: | ||||||||
2.13%, 8/10/2018 | 200,000 | 201,202 | ||||||
2.30%, 3/15/2016 | 250,000 | 257,816 | ||||||
3.00%, 6/24/2015 | 250,000 | 258,508 | ||||||
3.13%, 10/2/2015 | 300,000 | 313,262 | ||||||
4.13%, 1/28/2021 | 250,000 | 263,606 | ||||||
4.45%, 6/24/2020 | 300,000 | 326,235 | ||||||
TransCanada PipeLines, Ltd.: | ||||||||
0.75%, 1/15/2016 | 185,000 | 184,196 | ||||||
0.88%, 3/2/2015 | 150,000 | 150,277 | ||||||
2.50%, 8/1/2022 (a) | 250,000 | 228,849 | ||||||
3.80%, 10/1/2020 | 95,000 | 98,683 | ||||||
6.50%, 8/15/2018 | 300,000 | 353,677 | ||||||
7.13%, 1/15/2019 | 150,000 | 181,563 | ||||||
Transocean, Inc.: | ||||||||
2.50%, 10/15/2017 | 250,000 | 253,550 | ||||||
3.80%, 10/15/2022 (a) | 250,000 | 237,274 | ||||||
4.95%, 11/15/2015 | 150,000 | 160,712 | ||||||
6.38%, 12/15/2021 | 550,000 | 616,469 | ||||||
Valero Energy Corp.: | ||||||||
6.13%, 6/15/2017 | 250,000 | 285,273 | ||||||
6.13%, 2/1/2020 | 145,000 | 165,202 | ||||||
Weatherford International, Ltd.: | ||||||||
4.50%, 4/15/2022 | 250,000 | 251,928 | ||||||
9.63%, 3/1/2019 | 500,000 | 639,806 | ||||||
Western Gas Partners LP 4.00%, 7/1/2022 | 67,000 | 64,302 | ||||||
Williams Partners LP: | ||||||||
3.80%, 2/15/2015 | 265,000 | 273,361 | ||||||
4.00%, 11/15/2021 | 150,000 | 148,425 | ||||||
4.13%, 11/15/2020 | 150,000 | 153,127 | ||||||
5.25%, 3/15/2020 | 450,000 | 490,752 | ||||||
XTO Energy, Inc.: | ||||||||
5.50%, 6/15/2018 | 100,000 | 115,043 | ||||||
6.50%, 12/15/2018 | 250,000 | 302,196 | ||||||
39,649,660 | ||||||||
PAPER & FOREST PRODUCTS — 0.3% | ||||||||
Celulosa Arauco y Constitucion SA 5.63%, 4/20/2015 | 250,000 | 263,390 | ||||||
International Paper Co.: | ||||||||
4.75%, 2/15/2022 (a) | 110,000 | 115,613 | ||||||
7.50%, 8/15/2021 | 500,000 | 615,551 | ||||||
7.95%, 6/15/2018 | 250,000 | 305,479 | ||||||
9.38%, 5/15/2019 | 130,000 | 169,792 | ||||||
1,469,825 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Avon Products, Inc.: | ||||||||
4.20%, 7/15/2018 | 200,000 | 205,507 | ||||||
4.60%, 3/15/2020 | 71,000 | 71,232 | ||||||
The Procter & Gamble Co. 4.70%, 2/15/2019 | 250,000 | 280,917 | ||||||
557,656 | ||||||||
PHARMACEUTICALS — 3.6% | ||||||||
Abbott Laboratories 4.13%, 5/27/2020 | 350,000 | 375,588 | ||||||
AbbVie, Inc.: | ||||||||
1.20%, 11/6/2015 | 500,000 | 505,263 | ||||||
1.75%, 11/6/2017 | 900,000 | 901,739 | ||||||
2.90%, 11/6/2022 | 400,000 | 373,809 | ||||||
Allergan, Inc. 5.75%, 4/1/2016 (a) | 200,000 | 218,472 | ||||||
AstraZeneca PLC 5.90%, 9/15/2017 | 250,000 | 285,728 | ||||||
Bristol-Myers Squibb Co.: | ||||||||
2.00%, 8/1/2022 | 100,000 | 88,568 | ||||||
5.45%, 5/1/2018 | 350,000 | 400,222 | ||||||
Eli Lilly & Co. 5.20%, 3/15/2017 | 200,000 | 224,155 | ||||||
GlaxoSmithKline Capital PLC: | ||||||||
1.50%, 5/8/2017 | 50,000 | 50,020 | ||||||
2.85%, 5/8/2022 | 50,000 | 47,289 | ||||||
GlaxoSmithKline Capital, Inc.: | ||||||||
0.70%, 3/18/2016 | 350,000 | 348,731 | ||||||
2.80%, 3/18/2023 (a) | 250,000 | 231,501 | ||||||
5.65%, 5/15/2018 | 310,000 | 356,188 | ||||||
Johnson & Johnson: | ||||||||
3.38%, 12/5/2023 (a) | 600,000 | 598,376 | ||||||
5.15%, 7/15/2018 | 258,000 | 294,324 | ||||||
5.55%, 8/15/2017 | 100,000 | 114,386 | ||||||
McKesson Corp.: | ||||||||
0.95%, 12/4/2015 | 250,000 | 250,067 | ||||||
1.40%, 3/15/2018 | 250,000 | 241,637 | ||||||
3.25%, 3/1/2016 | 250,000 | 261,389 | ||||||
Mead Johnson Nutrition Co. 4.90%, 11/1/2019 (a) | 150,000 | 163,318 | ||||||
Medco Health Solutions, Inc. 7.13%, 3/15/2018 | 265,000 | 315,169 | ||||||
Merck & Co., Inc.: | ||||||||
1.10%, 1/31/2018 | 600,000 | 586,150 | ||||||
1.30%, 5/18/2018 | 167,000 | 162,891 | ||||||
2.40%, 9/15/2022 | 300,000 | 273,141 | ||||||
5.00%, 6/30/2019 | 510,000 | 576,851 | ||||||
Merck Sharp & Dohme Corp. 4.00%, 6/30/2015 | 250,000 | 262,782 | ||||||
Mylan, Inc.: | ||||||||
1.80%, 6/24/2016 (c) | 300,000 | 304,271 | ||||||
2.60%, 6/24/2018 (c) | 200,000 | 201,369 | ||||||
Novartis Capital Corp. 2.40%, 9/21/2022 | 250,000 | 228,463 | ||||||
Novartis Securities Investment, Ltd. 5.13%, 2/10/2019 | 750,000 | 844,316 | ||||||
Perrigo Co. PLC: | ||||||||
1.30%, 11/8/2016 (c) | 200,000 | 199,577 | ||||||
4.00%, 11/15/2023 (c) | 250,000 | 244,849 | ||||||
Pfizer, Inc.: | ||||||||
1.50%, 6/15/2018 | 250,000 | 245,876 | ||||||
3.00%, 6/15/2023 (a) | 250,000 | 236,005 | ||||||
5.35%, 3/15/2015 | 350,000 | 370,043 |
See accompanying notes to financial statements.
128
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.20%, 3/15/2019 | $ | 610,000 | $ | 723,174 | ||||
Sanofi: | ||||||||
1.25%, 4/10/2018 | 341,000 | 331,832 | ||||||
2.63%, 3/29/2016 | 300,000 | 311,364 | ||||||
4.00%, 3/29/2021 | 250,000 | 261,067 | ||||||
Schering-Plough Corp. 6.00%, 9/15/2017 | 250,000 | 288,171 | ||||||
Teva Pharmaceutical Finance Co. BV: | ||||||||
2.40%, 11/10/2016 (a) | 250,000 | 256,513 | ||||||
2.95%, 12/18/2022 | 250,000 | 226,729 | ||||||
3.65%, 11/10/2021 | 300,000 | 292,827 | ||||||
Teva Pharmaceutical Finance II BV/Teva Pharmaceutical Finance III LLC 3.00%, 6/15/2015 | 300,000 | 308,931 | ||||||
Watson Pharmaceuticals, Inc.: | ||||||||
1.88%, 10/1/2017 | 300,000 | 298,781 | ||||||
3.25%, 10/1/2022 | 300,000 | 280,615 | ||||||
Wyeth 5.45%, 4/1/2017 (a) | 50,000 | 56,075 | ||||||
Zoetis, Inc.: | ||||||||
1.15%, 2/1/2016 | 30,000 | 30,114 | ||||||
1.88%, 2/1/2018 | 150,000 | 148,756 | ||||||
3.25%, 2/1/2023 | 213,000 | 199,269 | ||||||
15,396,741 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 3.1% | ||||||||
Alexandria Real Estate Equities, Inc. 3.90%, 6/15/2023 | 250,000 | 237,120 | ||||||
American Tower Corp. 3.50%, 1/31/2023 | 300,000 | 273,481 | ||||||
AvalonBay Communities, Inc.: | ||||||||
3.63%, 10/1/2020 | 250,000 | 252,034 | ||||||
5.75%, 9/15/2016 | 100,000 | 110,899 | ||||||
BioMed Realty LP 4.25%, 7/15/2022 | 250,000 | 243,751 | ||||||
Boston Properties LP: | ||||||||
3.70%, 11/15/2018 | 100,000 | 105,293 | ||||||
3.85%, 2/1/2023 | 500,000 | 488,466 | ||||||
5.63%, 4/15/2015 | 250,000 | 265,213 | ||||||
5.63%, 11/15/2020 | 150,000 | 169,244 | ||||||
Brandywine Operating Partnership LP 4.95%, 4/15/2018 | 200,000 | 215,262 | ||||||
Camden Property Trust 4.63%, 6/15/2021 | 50,000 | 52,400 | ||||||
CommonWealth REIT 6.25%, 6/15/2017 | 100,000 | 107,111 | ||||||
Corporate Office Properties LP 3.60%, 5/15/2023 | 100,000 | 89,920 | ||||||
CubeSmart LP 4.38%, 12/15/2023 | 100,000 | 98,554 | ||||||
DDR Corp.: | ||||||||
3.38%, 5/15/2023 | 250,000 | 228,189 | ||||||
3.50%, 1/15/2021 | 100,000 | 97,383 | ||||||
Digital Realty Trust LP: | ||||||||
3.63%, 10/1/2022 | 250,000 | 227,072 | ||||||
5.25%, 3/15/2021 (a) | 350,000 | 359,749 | ||||||
Duke Realty LP 7.38%, 2/15/2015 | 300,000 | 320,632 | ||||||
EPR Properties 5.75%, 8/15/2022 | 100,000 | 100,281 | ||||||
ERP Operating LP: | ||||||||
4.63%, 12/15/2021 | 550,000 | 577,917 | ||||||
5.75%, 6/15/2017 | 110,000 | 122,858 | ||||||
6.58%, 4/13/2015 | 250,000 | 267,966 | ||||||
Federal Realty Investment Trust 3.00%, 8/1/2022 | 100,000 | 92,606 | ||||||
HCP, Inc.: | ||||||||
3.15%, 8/1/2022 | 100,000 | 92,039 | ||||||
3.75%, 2/1/2016 | 55,000 | 57,684 | ||||||
5.38%, 2/1/2021 | 250,000 | 271,219 | ||||||
6.30%, 9/15/2016 | 150,000 | 168,226 | ||||||
6.70%, 1/30/2018 | 250,000 | 290,089 | ||||||
Health Care REIT, Inc.: | ||||||||
2.25%, 3/15/2018 | 250,000 | 247,144 | ||||||
4.95%, 1/15/2021 | 350,000 | 370,500 | ||||||
6.20%, 6/1/2016 | 100,000 | 110,796 | ||||||
Healthcare Realty Trust, Inc. 6.50%, 1/17/2017 | 150,000 | 167,352 | ||||||
Hospitality Properties Trust 6.30%, 6/15/2016 | 200,000 | 214,789 | ||||||
Host Hotels & Resorts LP 4.75%, 3/1/2023 | 400,000 | 402,424 | ||||||
Jones Lang LaSalle, Inc. 4.40%, 11/15/2022 | 100,000 | 97,576 | ||||||
Kilroy Realty LP 4.80%, 7/15/2018 | 250,000 | 269,536 | ||||||
Kimco Realty Corp.: | ||||||||
5.70%, 5/1/2017 | 250,000 | 279,011 | ||||||
6.88%, 10/1/2019 | 100,000 | 118,649 | ||||||
Liberty Property LP 5.50%, 12/15/2016 | 250,000 | 273,212 | ||||||
Mack-Cali Realty LP: | ||||||||
2.50%, 12/15/2017 | 150,000 | 148,838 | ||||||
3.15%, 5/15/2023 | 100,000 | 87,058 | ||||||
Mid-America Apartments LP 4.30%, 10/15/2023 | 50,000 | 49,029 | ||||||
National Retail Properties, Inc. 3.80%, 10/15/2022 | 100,000 | 94,840 | ||||||
ProLogis LP: | ||||||||
3.35%, 2/1/2021 | 250,000 | 243,560 | ||||||
4.25%, 8/15/2023 | 300,000 | 295,398 | ||||||
Realty Income Corp.: | ||||||||
5.95%, 9/15/2016 | 250,000 | 277,441 | ||||||
6.75%, 8/15/2019 | 350,000 | 408,402 | ||||||
Regency Centers LP 5.88%, 6/15/2017 | 150,000 | 166,460 | ||||||
Simon Property Group LP: | ||||||||
2.15%, 9/15/2017 | 400,000 | 404,738 | ||||||
4.38%, 3/1/2021 | 150,000 | 158,765 | ||||||
5.10%, 6/15/2015 | 200,000 | 212,312 | ||||||
5.65%, 2/1/2020 (a) | 250,000 | 283,059 | ||||||
5.88%, 3/1/2017 | 200,000 | 224,724 | ||||||
UDR, Inc.: | ||||||||
4.25%, 6/1/2018 | 200,000 | 211,388 | ||||||
4.63%, 1/10/2022 | 50,000 | 51,068 | ||||||
Ventas Realty LP/Ventas Capital Corp.: | ||||||||
1.55%, 9/26/2016 | 146,000 | 146,524 |
See accompanying notes to financial statements.
129
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
2.00%, 2/15/2018 | $ | 250,000 | $ | 245,730 | ||||
2.70%, 4/1/2020 | 300,000 | 286,821 | ||||||
4.25%, 3/1/2022 | 150,000 | 150,433 | ||||||
4.75%, 6/1/2021 | 100,000 | 105,050 | ||||||
Vornado Realty LP 5.00%, 1/15/2022 | �� | 150,000 | 155,962 | |||||
Washington Real Estate Investment Trust 3.95%, 10/15/2022 | 100,000 | 95,289 | ||||||
Weingarten Realty Investors 3.38%, 10/15/2022 | 250,000 | 231,358 | ||||||
Weyerhaeuser Co. 4.63%, 9/15/2023 | 250,000 | 254,249 | ||||||
13,522,143 | ||||||||
ROAD & RAIL — 1.0% | ||||||||
Burlington Northern Santa Fe LLC: | ||||||||
3.00%, 3/15/2023 | 300,000 | 278,455 | ||||||
3.05%, 3/15/2022 | 200,000 | 189,678 | ||||||
3.45%, 9/15/2021 | 200,000 | 198,027 | ||||||
5.75%, 3/15/2018 | 400,000 | 457,113 | ||||||
Canadian National Railway Co.: | ||||||||
2.25%, 11/15/2022 | 100,000 | 89,772 | ||||||
5.55%, 3/1/2019 | 250,000 | 284,942 | ||||||
Canadian Pacific Railway, Ltd. 4.50%, 1/15/2022 (a) | 150,000 | 155,036 | ||||||
CSX Corp.: | ||||||||
3.70%, 11/1/2023 | 94,000 | 91,444 | ||||||
6.25%, 4/1/2015 | 250,000 | 266,955 | ||||||
7.38%, 2/1/2019 | 205,000 | 248,735 | ||||||
Kansas City Southern de Mexico SA de CV 2.35%, 5/15/2020 | 150,000 | 139,620 | ||||||
Norfolk Southern Corp.: | ||||||||
3.00%, 4/1/2022 | 100,000 | 94,805 | ||||||
3.25%, 12/1/2021 | 250,000 | 243,725 | ||||||
5.75%, 1/15/2016 | 150,000 | 164,134 | ||||||
5.90%, 6/15/2019 | 250,000 | 287,756 | ||||||
Ryder System, Inc.: | ||||||||
2.35%, 2/26/2019 | 150,000 | 144,624 | ||||||
2.45%, 11/15/2018 | 150,000 | 148,042 | ||||||
3.15%, 3/2/2015 | 250,000 | 256,155 | ||||||
Union Pacific Corp.: | ||||||||
2.95%, 1/15/2023 | 400,000 | 372,235 | ||||||
3.65%, 2/15/2024 (c) | 231,000 | 223,920 | ||||||
4.16%, 7/15/2022 | 100,000 | 103,235 | ||||||
Wabtec Corp. 4.38%, 8/15/2023 | 100,000 | 100,134 | ||||||
4,538,542 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.7% | ||||||||
Altera Corp. 1.75%, 5/15/2017 | 175,000 | 172,465 | ||||||
Analog Devices, Inc. 2.88%, 6/1/2023 | 300,000 | 274,679 | ||||||
Applied Materials, Inc. 4.30%, 6/15/2021 | 100,000 | 103,500 | ||||||
Broadcom Corp. 2.70%, 11/1/2018 | 150,000 | 152,261 | ||||||
Intel Corp.: | ||||||||
1.35%, 12/15/2017 | 350,000 | 346,423 | ||||||
1.95%, 10/1/2016 | 400,000 | 411,981 | ||||||
2.70%, 12/15/2022 (a) | 250,000 | 230,958 | ||||||
3.30%, 10/1/2021 | 327,000 | 325,723 | ||||||
KLA-Tencor Corp. 6.90%, 5/1/2018 | 100,000 | 115,610 | ||||||
Maxim Integrated Products, Inc. 2.50%, 11/15/2018 | 150,000 | 147,843 | ||||||
National Semiconductor Corp. 3.95%, 4/15/2015 | 150,000 | 156,311 | ||||||
Texas Instruments, Inc.: | ||||||||
0.45%, 8/3/2015 | 100,000 | 99,817 | ||||||
1.65%, 8/3/2019 | 350,000 | 334,433 | ||||||
2,872,004 | ||||||||
SOFTWARE — 1.2% | ||||||||
Adobe Systems, Inc. 3.25%, 2/1/2015 | 200,000 | 205,349 | ||||||
CA, Inc. 2.88%, 8/15/2018 | 150,000 | 151,211 | ||||||
Intuit, Inc. 5.75%, 3/15/2017 | 150,000 | 167,250 | ||||||
Microsoft Corp.: | ||||||||
1.00%, 5/1/2018 (a) | 250,000 | 242,435 | ||||||
2.13%, 11/15/2022 | 300,000 | 268,614 | ||||||
2.38%, 5/1/2023 (a) | 250,000 | 225,767 | ||||||
2.50%, 2/8/2016 | 250,000 | 260,094 | ||||||
3.63%, 12/15/2023 | 500,000 | 500,727 | ||||||
4.20%, 6/1/2019 | 335,000 | 367,995 | ||||||
Oracle Corp.: | ||||||||
1.20%, 10/15/2017 | 250,000 | 246,448 | ||||||
2.38%, 1/15/2019 | 350,000 | 351,777 | ||||||
2.50%, 10/15/2022 | 250,000 | 227,532 | ||||||
3.63%, 7/15/2023 | 250,000 | 246,383 | ||||||
5.00%, 7/8/2019 | 750,000 | 846,611 | ||||||
5.75%, 4/15/2018 | 250,000 | 289,035 | ||||||
Symantec Corp.: | ||||||||
2.75%, 9/15/2015 | 125,000 | 128,827 | ||||||
4.20%, 9/15/2020 | 350,000 | 355,978 | ||||||
5,082,033 | ||||||||
SPECIALTY RETAIL — 0.8% | ||||||||
Advance Auto Parts, Inc. 4.50%, 1/15/2022 | 50,000 | 50,818 | ||||||
AutoZone, Inc. 5.75%, 1/15/2015 | 300,000 | 315,120 | ||||||
Dollar General Corp. 3.25%, 4/15/2023 (a) | 250,000 | 228,132 | ||||||
Lowe’s Cos., Inc.: | ||||||||
2.13%, 4/15/2016 | 250,000 | 257,695 | ||||||
3.12%, 4/15/2022 | 250,000 | 241,333 | ||||||
3.88%, 9/15/2023 (a) | 150,000 | 150,812 | ||||||
4.63%, 4/15/2020 | 125,000 | 136,709 | ||||||
O’Reilly Automotive, Inc. 4.63%, 9/15/2021 | 100,000 | 103,385 | ||||||
QVC, Inc. 4.38%, 3/15/2023 | 150,000 | 140,953 | ||||||
The Gap, Inc. 5.95%, 4/12/2021 | 250,000 | 276,238 |
See accompanying notes to financial statements.
130
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
The Home Depot, Inc.: | ||||||||
2.25%, 9/10/2018 | $ | 143,000 | $ | 144,735 | ||||
3.95%, 9/15/2020 | 250,000 | 265,772 | ||||||
4.40%, 4/1/2021 | 300,000 | 326,007 | ||||||
5.40%, 3/1/2016 | 425,000 | 467,722 | ||||||
TJX Cos., Inc.: | ||||||||
2.50%, 5/15/2023 | 100,000 | 90,514 | ||||||
4.20%, 8/15/2015 | 150,000 | 158,138 | ||||||
3,354,083 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.0% (d) | ||||||||
NIKE, Inc. 2.25%, 5/1/2023 | 100,000 | 90,065 | ||||||
Ralph Lauren Corp. 2.13%, 9/26/2018 | 50,000 | 49,636 | ||||||
139,701 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.2% | ||||||||
Murray Street Investment Trust I 4.65%, 3/9/2017 | 500,000 | 539,286 | ||||||
People’s United Financial, Inc. 3.65%, 12/6/2022 | 150,000 | 141,368 | ||||||
Santander Holdings USA, Inc. 4.63%, 4/19/2016 | 250,000 | 264,293 | ||||||
944,947 | ||||||||
TOBACCO — 1.0% | ||||||||
Altria Group, Inc.: | ||||||||
2.85%, 8/9/2022 | 300,000 | 274,935 | ||||||
4.13%, 9/11/2015 | 400,000 | 422,086 | ||||||
4.75%, 5/5/2021 | 400,000 | 429,247 | ||||||
9.70%, 11/10/2018 | 299,000 | 393,079 | ||||||
Lorillard Tobacco Co.: | ||||||||
2.30%, 8/21/2017 | 320,000 | 321,247 | ||||||
3.50%, 8/4/2016 (a) | 45,000 | 47,343 | ||||||
6.88%, 5/1/2020 (a) | 150,000 | 173,388 | ||||||
8.13%, 6/23/2019 | 250,000 | 305,259 | ||||||
Philip Morris International, Inc.: | ||||||||
1.13%, 8/21/2017 (a) | 350,000 | 343,685 | ||||||
2.50%, 8/22/2022 | 250,000 | 226,985 | ||||||
2.90%, 11/15/2021 | 250,000 | 239,631 | ||||||
4.50%, 3/26/2020 | 250,000 | 270,329 | ||||||
5.65%, 5/16/2018 | 400,000 | 459,634 | ||||||
Reynolds American, Inc.: | ||||||||
1.05%, 10/30/2015 | 33,000 | 33,080 | ||||||
3.25%, 11/1/2022 (a) | 250,000 | 230,742 | ||||||
4.85%, 9/15/2023 | 250,000 | 257,655 | ||||||
4,428,325 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.1% | ||||||||
GATX Corp.: | ||||||||
2.38%, 7/30/2018 | 232,000 | 227,216 | ||||||
4.75%, 5/15/2015 | 175,000 | 182,192 | ||||||
409,408 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 2.7% | ||||||||
America Movil SAB de CV: | ||||||||
2.38%, 9/8/2016 | 550,000 | 563,414 | ||||||
3.13%, 7/16/2022 | 250,000 | 231,603 | ||||||
5.00%, 3/30/2020 | 350,000 | 381,527 | ||||||
American Tower Corp.: | ||||||||
3.40%, 2/15/2019 | 120,000 | 123,193 | ||||||
4.50%, 1/15/2018 | 100,000 | 107,288 | ||||||
4.63%, 4/1/2015 | 250,000 | 261,143 | ||||||
5.05%, 9/1/2020 | 100,000 | 103,673 | ||||||
AT&T, Inc.: | ||||||||
4.45%, 5/15/2021 | 400,000 | 418,999 | ||||||
5.50%, 2/1/2018 | 1,248,000 | 1,413,833 | ||||||
Cellco Partnership/Verizon Wireless Capital LLC 8.50%, 11/15/2018 | 260,000 | 330,613 | ||||||
Deutsche Telekom International Finance BV: | ||||||||
6.00%, 7/8/2019 | 250,000 | 289,434 | ||||||
6.75%, 8/20/2018 | 150,000 | 177,826 | ||||||
Embarq Corp. 7.08%, 6/1/2016 | 750,000 | 836,250 | ||||||
France Telecom SA: | ||||||||
2.13%, 9/16/2015 | 300,000 | 305,773 | ||||||
2.75%, 9/14/2016 | 250,000 | 259,150 | ||||||
4.13%, 9/14/2021 | 100,000 | 100,769 | ||||||
5.38%, 7/8/2019 | 200,000 | 223,051 | ||||||
Rogers Communications, Inc. 6.80%, 8/15/2018 | 430,000 | 507,387 | ||||||
Telefonica Emisiones SAU: | ||||||||
3.19%, 4/27/2018 | 500,000 | 509,188 | ||||||
3.99%, 2/16/2016 (a) | 405,000 | 425,454 | ||||||
4.57%, 4/27/2023 | 250,000 | 246,125 | ||||||
4.95%, 1/15/2015 (a) | 300,000 | 311,525 | ||||||
5.13%, 4/27/2020 | 255,000 | 271,627 | ||||||
6.22%, 7/3/2017 | 250,000 | 281,595 | ||||||
Verizon Communications, Inc. 6.35%, 4/1/2019 | 450,000 | 528,965 | ||||||
Vodafone Group PLC: | ||||||||
0.90%, 2/19/2016 | 500,000 | 497,732 | ||||||
1.25%, 9/26/2017 | 250,000 | 244,273 | ||||||
1.50%, 2/19/2018 | 250,000 | 243,723 | ||||||
1.63%, 3/20/2017 | 300,000 | 299,879 | ||||||
2.50%, 9/26/2022 | 250,000 | 221,597 | ||||||
2.95%, 2/19/2023 | 250,000 | 228,504 | ||||||
4.38%, 3/16/2021 | 250,000 | 260,465 | ||||||
4.63%, 7/15/2018 (a) | 300,000 | 329,385 | ||||||
5.63%, 2/27/2017 | 50,000 | 55,941 | ||||||
11,590,904 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $425,686,876) | 428,036,093 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 3.8% | ||||||||
MONEY MARKET FUNDS — 3.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 14,304,978 | 14,304,978 |
See accompanying notes to financial statements.
131
SPDR Barclays Intermediate Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (f)(g) | 2,168,120 | $ | 2,168,120 | |||||
TOTAL SHORT TERM INVESTMENTS — (h) | ||||||||
(Cost $16,473,098) | 16,473,098 | |||||||
TOTAL INVESTMENTS — 102.7% (i) | ||||||||
(Cost $442,159,974) | 444,509,191 | |||||||
OTHER ASSETS & LIABILITIES — (2.7)% | (11,817,956 | ) | ||||||
NET ASSETS — 100.0% | $ | 432,691,235 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(b) | Variable rate security. Rate shown is rate in effect at December 31, 2013. Maturity date disclosed is the ultimate maturity. | |||||
(c) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.8% of net assets as of December 31, 2013, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(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) | 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
See accompanying notes to financial statements.
132
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 98.5% | ||||||||
AEROSPACE & DEFENSE — 2.1% | ||||||||
General Dynamics Corp. 3.60%, 11/15/2042 | $ | 50,000 | $ | 41,117 | ||||
Honeywell International, Inc.: | ||||||||
5.38%, 3/1/2041 | 50,000 | 55,179 | ||||||
5.70%, 3/15/2036 | 100,000 | 113,002 | ||||||
Lockheed Martin Corp.: | ||||||||
4.07%, 12/15/2042 | 60,000 | 52,289 | ||||||
4.85%, 9/15/2041 | 100,000 | 97,965 | ||||||
6.15%, 9/1/2036 | 130,000 | 147,339 | ||||||
Northrop Grumman Corp. 4.75%, 6/1/2043 | 125,000 | 118,808 | ||||||
Northrop Grumman Systems Corp. 7.75%, 2/15/2031 | 50,000 | 63,830 | ||||||
Precision Castparts Corp. 3.90%, 1/15/2043 | 50,000 | 43,495 | ||||||
Raytheon Co.: | ||||||||
4.70%, 12/15/2041 | 50,000 | 48,517 | ||||||
7.20%, 8/15/2027 | 50,000 | 61,288 | ||||||
The Boeing Co. 6.88%, 3/15/2039 | 120,000 | 158,177 | ||||||
United Technologies Corp.: | ||||||||
4.50%, 6/1/2042 | 297,000 | 287,918 | ||||||
5.70%, 4/15/2040 | 100,000 | 114,239 | ||||||
6.05%, 6/1/2036 | 100,000 | 118,646 | ||||||
6.13%, 7/15/2038 | 130,000 | 155,826 | ||||||
1,677,635 | ||||||||
AIR FREIGHT & LOGISTICS — 0.4% | ||||||||
FedEx Corp. 3.88%, 8/1/2042 | 41,000 | 33,775 | ||||||
United Parcel Service, Inc.: | ||||||||
4.88%, 11/15/2040 | 100,000 | 102,536 | ||||||
6.20%, 1/15/2038 | 125,000 | 151,918 | ||||||
288,229 | ||||||||
AIRLINES — 0.3% | ||||||||
Continental Airlines 2012-1 Pass Through Trust, Class A 4.15%, 4/11/2024 | 146,309 | 147,406 | ||||||
US Airways 2012-2 Pass Through Trust, Class A 4.63%, 6/3/2025 | 99,657 | 99,906 | ||||||
247,312 | ||||||||
AUTO COMPONENTS — 0.1% | ||||||||
Johnson Controls, Inc.: | ||||||||
5.25%, 12/1/2041 | 50,000 | 49,313 | ||||||
5.70%, 3/1/2041 | 50,000 | 52,518 | ||||||
101,831 | ||||||||
AUTOMOBILES — 0.8% | ||||||||
Daimler Finance North America LLC 8.50%, 1/18/2031 | 127,000 | 185,159 | ||||||
Ford Motor Co.: | ||||||||
4.75%, 1/15/2043 | 200,000 | 181,159 | ||||||
7.45%, 7/16/2031 | 225,000 | 277,572 | ||||||
643,890 | ||||||||
BEVERAGES — 1.6% | ||||||||
Anheuser-Busch Cos. LLC 6.45%, 9/1/2037 | 100,000 | 120,835 | ||||||
Anheuser-Busch InBev Worldwide, Inc.: | ||||||||
3.75%, 7/15/2042 | 124,000 | 105,491 | ||||||
6.38%, 1/15/2040 (a) | 190,000 | 231,109 | ||||||
8.00%, 11/15/2039 | 100,000 | 144,298 | ||||||
Brown-Forman Corp. 3.75%, 1/15/2043 | 90,000 | 75,448 | ||||||
Diageo Capital PLC 3.88%, 4/29/2043 | 30,000 | 25,918 | ||||||
Diageo Investment Corp.: | ||||||||
4.25%, 5/11/2042 | 35,000 | 32,054 | ||||||
7.45%, 4/15/2035 | 100,000 | 131,143 | ||||||
Molson Coors Brewing Co. 5.00%, 5/1/2042 | 100,000 | 97,831 | ||||||
PepsiAmericas, Inc. 5.50%, 5/15/2035 | 100,000 | 107,946 | ||||||
PepsiCo, Inc.: | ||||||||
4.00%, 3/5/2042 | 100,000 | 87,069 | ||||||
4.88%, 11/1/2040 | 50,000 | 49,842 | ||||||
5.50%, 1/15/2040 | 50,000 | 54,032 | ||||||
The Pepsi Bottling Group, Inc. 7.00%, 3/1/2029 | 50,000 | 62,707 | ||||||
1,325,723 | ||||||||
BIOTECHNOLOGY — 1.2% | ||||||||
Amgen, Inc.: | ||||||||
5.15%, 11/15/2041 | 225,000 | 223,490 | ||||||
5.38%, 5/15/2043 | 175,000 | 178,333 | ||||||
6.38%, 6/1/2037 | 100,000 | 114,381 | ||||||
6.40%, 2/1/2039 (a) | 150,000 | 171,696 | ||||||
Celgene Corp. 5.25%, 8/15/2043 (a) | 50,000 | 50,784 | ||||||
Genentech, Inc. 5.25%, 7/15/2035 | 100,000 | 106,056 | ||||||
Gilead Sciences, Inc. 5.65%, 12/1/2041 | 100,000 | 111,310 | ||||||
956,050 | ||||||||
BUILDING PRODUCTS — 0.1% | ||||||||
Owens Corning 7.00%, 12/1/2036 | 91,000 | 96,989 | ||||||
CAPITAL MARKETS — 2.3% | ||||||||
Jefferies Group, Inc.: | ||||||||
6.25%, 1/15/2036 (a) | 50,000 | 48,285 | ||||||
6.45%, 6/8/2027 | 100,000 | 104,981 | ||||||
Morgan Stanley: | ||||||||
5.00%, 11/24/2025 | 175,000 | 175,658 | ||||||
6.25%, 8/9/2026 | 50,000 | 57,527 | ||||||
6.38%, 7/24/2042 | 150,000 | 174,925 | ||||||
7.25%, 4/1/2032 | 100,000 | 124,702 | ||||||
Northern Trust Corp. 3.95%, 10/30/2025 | 50,000 | 48,356 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
5.95%, 1/15/2027 | 100,000 | 106,965 | ||||||
6.25%, 2/1/2041 | 230,000 | 263,185 | ||||||
6.45%, 5/1/2036 | 150,000 | 158,310 |
See accompanying notes to financial statements.
133
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.75%, 10/1/2037 | $ | 522,000 | $ | 574,982 | ||||
1,837,876 | ||||||||
CHEMICALS — 1.8% | ||||||||
Agrium, Inc. 6.13%, 1/15/2041 | 125,000 | 134,085 | ||||||
CF Industries, Inc. 4.95%, 6/1/2043 | 25,000 | 22,616 | ||||||
E.I. du Pont de Nemours & Co.: | ||||||||
4.15%, 2/15/2043 | 50,000 | 44,243 | ||||||
5.60%, 12/15/2036 | 100,000 | 108,916 | ||||||
Eastman Chemical Co. 4.80%, 9/1/2042 (a) | 100,000 | 94,880 | ||||||
Ecolab, Inc. 5.50%, 12/8/2041 | 50,000 | 53,380 | ||||||
LYB International Finance BV 5.25%, 7/15/2043 | 164,000 | 164,590 | ||||||
Monsanto Co.: | ||||||||
3.60%, 7/15/2042 | 37,000 | 30,217 | ||||||
5.88%, 4/15/2038 | 100,000 | 113,815 | ||||||
Potash Corp. of Saskatchewan, Inc. 5.88%, 12/1/2036 | 100,000 | 109,032 | ||||||
Rohm & Haas Co. 7.85%, 7/15/2029 | 150,000 | 198,798 | ||||||
The Dow Chemical Co.: | ||||||||
4.38%, 11/15/2042 | 50,000 | 44,484 | ||||||
9.40%, 5/15/2039 | 105,000 | 157,806 | ||||||
The Mosaic Co.: | ||||||||
5.45%, 11/15/2033 | 75,000 | 76,385 | ||||||
5.63%, 11/15/2043 | 58,000 | 59,082 | ||||||
The Sherwin-Williams Co. 4.00%, 12/15/2042 | 50,000 | 43,161 | ||||||
1,455,490 | ||||||||
COMMERCIAL BANKS — 3.1% | ||||||||
Bank One Corp. 7.63%, 10/15/2026 | 100,000 | 124,495 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands 5.25%, 5/24/2041 | 100,000 | 103,767 | ||||||
Fifth Third Bancorp 8.25%, 3/1/2038 | 100,000 | 132,484 | ||||||
HSBC Bank USA NA 5.88%, 11/1/2034 | 100,000 | 109,246 | ||||||
HSBC Holdings PLC: | ||||||||
6.10%, 1/14/2042 | 100,000 | 119,991 | ||||||
6.50%, 5/2/2036 | 150,000 | 175,665 | ||||||
6.50%, 9/15/2037 | 95,000 | 111,768 | ||||||
6.80%, 6/1/2038 | 250,000 | 305,112 | ||||||
7.63%, 5/17/2032 | 100,000 | 125,100 | ||||||
JPMorgan Chase & Co. 5.60%, 7/15/2041 | 150,000 | 163,477 | ||||||
NBD Bank NA/Michigan 8.25%, 11/1/2024 | 100,000 | 128,799 | ||||||
Wachovia Bank NA 6.60%, 1/15/2038 | 250,000 | 309,810 | ||||||
Wachovia Corp.: | ||||||||
5.50%, 8/1/2035 | 50,000 | 50,978 | ||||||
7.50%, 4/15/2035 | 100,000 | 124,957 | ||||||
Wells Fargo & Co.: | ||||||||
5.38%, 2/7/2035 | 100,000 | 107,629 | ||||||
5.38%, 11/2/2043 | 250,000 | 252,931 | ||||||
Wells Fargo Capital X 5.95%, 12/15/2036 | 100,000 | 97,750 | ||||||
2,543,959 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.5% | ||||||||
President and Fellows of Harvard College 3.62%, 10/1/2037 | 48,000 | 40,646 | ||||||
Republic Services, Inc. 5.70%, 5/15/2041 | 150,000 | 160,878 | ||||||
Waste Management, Inc. 7.75%, 5/15/2032 | 150,000 | 197,119 | ||||||
398,643 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.7% | ||||||||
Cisco Systems, Inc.: | ||||||||
5.50%, 1/15/2040 (a) | 150,000 | 159,810 | ||||||
5.90%, 2/15/2039 | 195,000 | 217,068 | ||||||
Harris Corp. 6.15%, 12/15/2040 | 50,000 | 52,752 | ||||||
Juniper Networks, Inc. 5.95%, 3/15/2041 | 100,000 | 98,718 | ||||||
Motorola Solutions, Inc. 7.50%, 5/15/2025 | 50,000 | 60,220 | ||||||
588,568 | ||||||||
COMPUTERS & PERIPHERALS — 0.3% | ||||||||
Apple, Inc. 3.85%, 5/4/2043 (a) | 200,000 | 166,245 | ||||||
Hewlett-Packard Co. 6.00%, 9/15/2041 | 75,000 | 74,533 | ||||||
240,778 | ||||||||
CONSTRUCTION & ENGINEERING — 0.1% | ||||||||
ABB Finance USA, Inc. 4.38%, 5/8/2042 | 60,000 | 55,234 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.2% | ||||||||
Johns Hopkins University 4.08%, 7/1/2053 | 100,000 | 86,111 | ||||||
Massachusetts Institute of Technology 5.60%, 7/1/2111 | 100,000 | 113,115 | ||||||
199,226 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 6.3% | ||||||||
American Express Co. 4.05%, 12/3/2042 | 85,000 | 73,938 | ||||||
Aon Corp. 6.25%, 9/30/2040 | 50,000 | 56,390 | ||||||
Bank of America Corp. 5.88%, 2/7/2042 | 125,000 | 141,493 | ||||||
Citigroup, Inc.: | ||||||||
5.50%, 9/13/2025 | 100,000 | 105,313 | ||||||
5.85%, 12/11/2034 | 71,000 | 78,329 | ||||||
5.88%, 2/22/2033 | 150,000 | 155,767 | ||||||
5.88%, 5/29/2037 | 100,000 | 110,578 | ||||||
6.00%, 10/31/2033 | 100,000 | 105,413 | ||||||
6.13%, 8/25/2036 | 150,000 | 159,111 | ||||||
6.63%, 6/15/2032 | 150,000 | 168,549 | ||||||
6.68%, 9/13/2043 | 100,000 | 113,938 |
See accompanying notes to financial statements.
134
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.88%, 3/5/2038 | $ | 105,000 | $ | 130,791 | ||||
8.13%, 7/15/2039 | 150,000 | 209,039 | ||||||
CME Group, Inc. 5.30%, 9/15/2043 | 50,000 | 51,538 | ||||||
Credit Suisse USA, Inc. 7.13%, 7/15/2032 | 75,000 | 97,386 | ||||||
General Electric Capital Corp.: | ||||||||
5.88%, 1/14/2038 | 410,000 | 466,354 | ||||||
6.75%, 3/15/2032 | 480,000 | 593,010 | ||||||
6.88%, 1/10/2039 | 230,000 | 293,295 | ||||||
General Electric Capital Corp., Series A 6.15%, 8/7/2037 | 200,000 | 234,863 | ||||||
General Electric Capital Services, Inc. 7.50%, 8/21/2035 | 100,000 | 128,181 | ||||||
Goldman Sachs Capital I 6.35%, 2/15/2034 (a) | 200,000 | 202,000 | ||||||
Invesco Finance PLC: | ||||||||
4.00%, 1/30/2024 | 50,000 | 49,350 | ||||||
5.38%, 11/30/2043 | 50,000 | 50,361 | ||||||
JPMorgan Chase & Co.: | ||||||||
5.40%, 1/6/2042 | 100,000 | 107,322 | ||||||
5.50%, 10/15/2040 | 100,000 | 107,393 | ||||||
5.63%, 8/16/2043 (a) | 50,000 | 52,444 | ||||||
6.40%, 5/15/2038 | 185,000 | 221,365 | ||||||
Leucadia National Corp. 6.63%, 10/23/2043 | 30,000 | 29,533 | ||||||
Merrill Lynch & Co., Inc.: | ||||||||
6.11%, 1/29/2037 | 215,000 | 230,672 | ||||||
6.75%, 6/1/2028 | 150,000 | 169,980 | ||||||
7.75%, 5/14/2038 | 120,000 | 152,254 | ||||||
National Rural Utilities Cooperative Finance Corp. 8.00%, 3/1/2032 | 75,000 | 100,493 | ||||||
Raymond James Financial, Inc. 5.63%, 4/1/2024 | 50,000 | 53,067 | ||||||
The Western Union Co. 6.20%, 11/17/2036 (a) | 50,000 | 47,675 | ||||||
UBS AG of Stamford, CT 7.75%, 9/1/2026 | 100,000 | 122,833 | ||||||
5,170,018 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 5.2% | ||||||||
AT&T, Inc.: | ||||||||
4.30%, 12/15/2042 (a) | 292,000 | 249,495 | ||||||
4.35%, 6/15/2045 | 98,000 | 83,308 | ||||||
5.55%, 8/15/2041 | 250,000 | 255,486 | ||||||
6.40%, 5/15/2038 | 10,000 | 11,133 | ||||||
6.50%, 9/1/2037 (a) | 100,000 | 112,482 | ||||||
British Telecommunications PLC 9.63%, 12/15/2030 | 200,000 | 300,521 | ||||||
Qwest Corp.: | ||||||||
7.25%, 9/15/2025 | 100,000 | 104,754 | ||||||
7.25%, 10/15/2035 | 100,000 | 97,500 | ||||||
Verizon Communications, Inc.: | ||||||||
3.85%, 11/1/2042 | 100,000 | 81,423 | ||||||
4.75%, 11/1/2041 | 100,000 | 91,415 | ||||||
6.00%, 4/1/2041 | 100,000 | 108,564 | ||||||
6.25%, 4/1/2037 | 250,000 | 276,307 | ||||||
6.40%, 9/15/2033 | 402,000 | 461,225 | ||||||
6.55%, 9/15/2043 | 1,331,000 | 1,557,032 | ||||||
7.75%, 12/1/2030 | 170,000 | 218,468 | ||||||
Verizon Maryland, Inc. 5.13%, 6/15/2033 | 150,000 | 141,688 | ||||||
Verizon New York, Inc., Series A 7.38%, 4/1/2032 | 100,000 | 114,558 | ||||||
4,265,359 | ||||||||
ELECTRIC UTILITIES — 11.6% | ||||||||
Alabama Power Co.: | ||||||||
5.20%, 6/1/2041 | 100,000 | 106,921 | ||||||
6.00%, 3/1/2039 | 100,000 | 115,869 | ||||||
6.13%, 5/15/2038 | 70,000 | 82,164 | ||||||
Appalachian Power Co.: | ||||||||
5.80%, 10/1/2035 | 50,000 | 52,762 | ||||||
6.70%, 8/15/2037 | 100,000 | 117,291 | ||||||
Arizona Public Service Co. 4.50%, 4/1/2042 | 100,000 | 95,481 | ||||||
CenterPoint Energy Houston Electric LLC 3.55%, 8/1/2042 | 100,000 | 83,179 | ||||||
Cleco Power LLC 6.00%, 12/1/2040 | 100,000 | 108,821 | ||||||
CMS Energy Corp. 4.70%, 3/31/2043 | 29,000 | 26,864 | ||||||
Commonwealth Edison Co. 3.80%, 10/1/2042 | 50,000 | 42,890 | ||||||
Commonwealth Edison Co., Series 1 5.90%, 3/15/2036 | 100,000 | 113,938 | ||||||
Consolidated Edison Co. of New York, Inc.: | ||||||||
3.95%, 3/1/2043 | 50,000 | 44,155 | ||||||
4.20%, 3/15/2042 | 75,000 | 68,450 | ||||||
5.50%, 12/1/2039 | 75,000 | 83,142 | ||||||
5.70%, 12/1/2036 | 130,000 | 146,622 | ||||||
5.70%, 6/15/2040 | 50,000 | 56,981 | ||||||
Dominion Gas Holdings LLC 4.80%, 11/1/2043 (b) | 38,000 | 36,688 | ||||||
Dominion Resources, Inc: | ||||||||
5.95%, 6/15/2035 | 100,000 | 109,274 | ||||||
7.00%, 6/15/2038 | 100,000 | 122,739 | ||||||
Duke Energy Carolinas LLC: | ||||||||
4.25%, 12/15/2041 | 125,000 | 117,366 | ||||||
6.10%, 6/1/2037 | 100,000 | 114,383 | ||||||
6.45%, 10/15/2032 | 100,000 | 118,259 | ||||||
Duke Energy Indiana, Inc. 6.45%, 4/1/2039 (a) | 180,000 | 223,307 | ||||||
Duke Energy Progress, Inc. 4.10%, 3/15/2043 | 50,000 | 45,843 | ||||||
Entergy Louisiana LLC 5.40%, 11/1/2024 | 100,000 | 111,672 | ||||||
Exelon Corp. 5.63%, 6/15/2035 | 200,000 | 198,253 | ||||||
Exelon Generation Co. LLC: | ||||||||
5.60%, 6/15/2042 | 60,000 | 56,411 | ||||||
6.25%, 10/1/2039 | 60,000 | 60,796 | ||||||
FirstEnergy Solutions Corp. 6.80%, 8/15/2039 | 100,000 | 98,845 | ||||||
Florida Power & Light Co.: | ||||||||
4.05%, 6/1/2042 | 100,000 | 91,168 | ||||||
4.13%, 2/1/2042 | 100,000 | 92,168 | ||||||
5.69%, 3/1/2040 | 115,000 | 129,302 |
See accompanying notes to financial statements.
135
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.85%, 5/1/2037 | $ | 50,000 | $ | 57,891 | ||||
6.20%, 6/1/2036 | 150,000 | 179,894 | ||||||
Florida Power Corp.: | ||||||||
6.35%, 9/15/2037 | 100,000 | 121,861 | ||||||
6.40%, 6/15/2038 | 80,000 | 98,361 | ||||||
Georgia Power Co.: | ||||||||
4.30%, 3/15/2043 | 50,000 | 44,893 | ||||||
4.75%, 9/1/2040 | 125,000 | 120,136 | ||||||
Iberdrola International BV 6.75%, 7/15/2036 (a) | 100,000 | 109,254 | ||||||
Interstate Power & Light Co. 6.25%, 7/15/2039 | 50,000 | 59,808 | ||||||
John Sevier Combined Cycle Generation LLC 4.63%, 1/15/2042 | 981 | 961 | ||||||
Kansas City Power & Light Co.: | ||||||||
5.30%, 10/1/2041 | 50,000 | 50,386 | ||||||
6.05%, 11/15/2035 | 50,000 | 54,847 | ||||||
Kentucky Utilities Co. 5.13%, 11/1/2040 | 75,000 | 79,362 | ||||||
MidAmerican Energy Holdings Co.: | ||||||||
5.75%, 11/1/2035 | 100,000 | 111,803 | ||||||
8.48%, 9/15/2028 | 125,000 | 168,997 | ||||||
Mississippi Power Co. 4.25%, 3/15/2042 | 100,000 | 86,739 | ||||||
Nevada Power Co.: | ||||||||
5.38%, 9/15/2040 | 75,000 | 80,269 | ||||||
6.65%, 4/1/2036 | 50,000 | 60,494 | ||||||
Nisource Finance Corp.: | ||||||||
5.25%, 2/15/2043 | 100,000 | 97,171 | ||||||
5.95%, 6/15/2041 | 100,000 | 105,328 | ||||||
Northern States Power Co.: | ||||||||
3.40%, 8/15/2042 | 100,000 | 80,551 | ||||||
5.35%, 11/1/2039 | 50,000 | 54,467 | ||||||
Oglethorpe Power Corp.: | ||||||||
4.20%, 12/1/2042 (a) | 25,000 | 21,904 | ||||||
5.38%, 11/1/2040 | 65,000 | 67,439 | ||||||
5.95%, 11/1/2039 | 50,000 | 55,554 | ||||||
Ohio Edison Co. 6.88%, 7/15/2036 | 100,000 | 116,980 | ||||||
Ohio Power Co. 6.60%, 2/15/2033 | 102,000 | 120,598 | ||||||
Oncor Electric Delivery Co. LLC: | ||||||||
5.30%, 6/1/2042 | 50,000 | 52,275 | ||||||
7.50%, 9/1/2038 | 125,000 | 162,682 | ||||||
Pacific Gas & Electric Co.: | ||||||||
4.60%, 6/15/2043 | 125,000 | 120,242 | ||||||
5.13%, 11/15/2043 | 100,000 | 103,544 | ||||||
5.80%, 3/1/2037 | 150,000 | 166,436 | ||||||
6.05%, 3/1/2034 | 250,000 | 288,099 | ||||||
PacifiCorp 6.00%, 1/15/2039 | 100,000 | 117,280 | ||||||
Potomac Electric Power Co.: | ||||||||
4.15%, 3/15/2043 | 50,000 | 45,719 | ||||||
7.90%, 12/15/2038 | 100,000 | 142,080 | ||||||
PPL Electric Utilities Corp.: | ||||||||
5.20%, 7/15/2041 | 55,000 | 58,782 | ||||||
6.25%, 5/15/2039 | 50,000 | 60,352 | ||||||
Progress Energy, Inc.: | ||||||||
6.00%, 12/1/2039 | 100,000 | 111,684 | ||||||
7.75%, 3/1/2031 | 90,000 | 115,531 | ||||||
Public Service Co. of Colorado 6.25%, 9/1/2037 | 100,000 | 121,243 | ||||||
Public Service Electric & Gas Co.: | ||||||||
3.95%, 5/1/2042 | 50,000 | 44,595 | ||||||
5.50%, 3/1/2040 | 100,000 | 111,227 | ||||||
5.80%, 5/1/2037 | 100,000 | 114,309 | ||||||
Puget Sound Energy, Inc.: | ||||||||
4.43%, 11/15/2041 | 100,000 | 95,985 | ||||||
5.48%, 6/1/2035 | 75,000 | 82,381 | ||||||
5.80%, 3/15/2040 (a) | 55,000 | 63,145 | ||||||
San Diego Gas & Electric Co.: | ||||||||
3.95%, 11/15/2041 | 25,000 | 22,585 | ||||||
4.30%, 4/1/2042 | 100,000 | 95,382 | ||||||
San Diego Gas & Electric Co., Series D 6.00%, 6/1/2026 | 100,000 | 117,729 | ||||||
South Carolina Electric & Gas Co.: | ||||||||
4.35%, 2/1/2042 | 50,000 | 46,899 | ||||||
5.30%, 5/15/2033 | 50,000 | 53,482 | ||||||
5.45%, 2/1/2041 (a) | 50,000 | 54,093 | ||||||
Southern California Edison Co.: | ||||||||
3.90%, 3/15/2043 | 50,000 | 43,760 | ||||||
4.05%, 3/15/2042 | 100,000 | 90,330 | ||||||
4.50%, 9/1/2040 | 50,000 | 48,678 | ||||||
4.65%, 10/1/2043 | 100,000 | 99,269 | ||||||
5.95%, 2/1/2038 | 100,000 | 116,376 | ||||||
6.00%, 1/15/2034 | 100,000 | 116,814 | ||||||
Southern California Edison Co., Series G 5.75%, 4/1/2035 | 50,000 | 56,889 | ||||||
Southern Power Co. 5.25%, 7/15/2043 | 50,000 | 49,659 | ||||||
Southwestern Public Service Co., Series F 6.00%, 10/1/2036 | 100,000 | 110,650 | ||||||
Tampa Electric Co.: | ||||||||
4.10%, 6/15/2042 | 50,000 | 44,673 | ||||||
6.55%, 5/15/2036 | 50,000 | 60,701 | ||||||
The Connecticut Light & Power Co. 6.35%, 6/1/2036 | 50,000 | 60,367 | ||||||
The Detroit Edison Co.: | ||||||||
3.95%, 6/15/2042 | 75,000 | 66,555 | ||||||
5.70%, 10/1/2037 | 50,000 | 56,211 | ||||||
Union Electric Co. 8.45%, 3/15/2039 | 100,000 | 150,743 | ||||||
Virginia Electric and Power Co.: | ||||||||
4.65%, 8/15/2043 | 50,000 | 49,636 | ||||||
6.00%, 5/15/2037 | 89,000 | 103,270 | ||||||
Westar Energy, Inc. 4.13%, 3/1/2042 | 100,000 | 91,494 | ||||||
Wisconsin Electric Power Co. 3.65%, 12/15/2042 | 50,000 | 42,183 | ||||||
Wisconsin Power & Light Co. 6.38%, 8/15/2037 | 50,000 | 60,126 | ||||||
Wisconsin Public Service Corp. 4.75%, 11/1/2044 | 50,000 | 50,865 | ||||||
Xcel Energy, Inc. 4.80%, 9/15/2041 | 50,000 | 48,549 | ||||||
9,463,511 | ||||||||
See accompanying notes to financial statements.
136
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
ELECTRICAL EQUIPMENT — 0.1% | ||||||||
Emerson Electric Co. 6.00%, 8/15/2032 | $ | 50,000 | $ | 58,033 | ||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.2% | ||||||||
Corning, Inc.: | ||||||||
5.75%, 8/15/2040 | 75,000 | 83,274 | ||||||
7.25%, 8/15/2036 | 50,000 | 58,908 | ||||||
142,182 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.9% | ||||||||
Cameron International Corp. 5.95%, 6/1/2041 | 100,000 | 109,475 | ||||||
Diamond Offshore Drilling, Inc. 4.88%, 11/1/2043 (a) | 50,000 | 48,997 | ||||||
Halliburton Co.: | ||||||||
4.75%, 8/1/2043 | 150,000 | 147,749 | ||||||
6.70%, 9/15/2038 | 100,000 | 122,876 | ||||||
National Oilwell Varco, Inc. 3.95%, 12/1/2042 | 100,000 | 87,509 | ||||||
Weatherford International, Inc. 6.80%, 6/15/2037 | 50,000 | 54,034 | ||||||
Weatherford International, Ltd./Bermuda: | ||||||||
6.50%, 8/1/2036 | 125,000 | 130,673 | ||||||
6.75%, 9/15/2040 | 50,000 | 53,933 | ||||||
755,246 | ||||||||
FOOD & STAPLES RETAILING — 2.9% | ||||||||
CVS Caremark Corp.: | ||||||||
5.30%, 12/5/2043 | 125,000 | 130,232 | ||||||
5.75%, 5/15/2041 (a) | 50,000 | 54,755 | ||||||
6.13%, 9/15/2039 (a) | 100,000 | 113,865 | ||||||
6.25%, 6/1/2027 | 50,000 | 58,424 | ||||||
Delhaize America LLC 9.00%, 4/15/2031 | 50,000 | 60,523 | ||||||
Safeway, Inc. 7.25%, 2/1/2031 | 100,000 | 102,503 | ||||||
Sysco Corp. 6.63%, 3/17/2039 (a) | 100,000 | 122,377 | ||||||
The Kroger Co.: | ||||||||
5.15%, 8/1/2043 | 30,000 | 29,353 | ||||||
5.40%, 7/15/2040 | 100,000 | 100,056 | ||||||
7.50%, 4/1/2031 | 65,000 | 80,223 | ||||||
Wal-Mart Stores, Inc.: | ||||||||
4.75%, 10/2/2043 | 100,000 | 100,059 | ||||||
4.88%, 7/8/2040 (a) | 175,000 | 178,389 | ||||||
5.00%, 10/25/2040 | 150,000 | 155,741 | ||||||
5.25%, 9/1/2035 | 230,000 | 248,839 | ||||||
5.63%, 4/1/2040 (a) | 200,000 | 226,219 | ||||||
5.63%, 4/15/2041 | 100,000 | 113,367 | ||||||
5.88%, 4/5/2027 | 200,000 | 238,126 | ||||||
6.50%, 8/15/2037 (a) | 175,000 | 216,874 | ||||||
Walgreen Co. 4.40%, 9/15/2042 | 50,000 | 44,780 | ||||||
2,374,705 | ||||||||
FOOD PRODUCTS — 2.1% | ||||||||
Ahold Finance USA LLC 6.88%, 5/1/2029 | 100,000 | 117,590 | ||||||
Archer-Daniels-Midland Co.: | ||||||||
4.02%, 4/16/2043 | 150,000 | 128,533 | ||||||
5.38%, 9/15/2035 | 100,000 | 105,665 | ||||||
Campbell Soup Co. 3.80%, 8/2/2042 (a) | 58,000 | 44,939 | ||||||
ConAgra Foods, Inc.: | ||||||||
6.63%, 8/15/2039 | 150,000 | 169,756 | ||||||
7.13%, 10/1/2026 | 50,000 | 60,149 | ||||||
General Mills, Inc. 4.15%, 2/15/2043 | 50,000 | 44,289 | ||||||
Kellogg Co., Series B 7.45%, 4/1/2031 | 75,000 | 94,595 | ||||||
Kraft Foods Group, Inc.: | ||||||||
5.00%, 6/4/2042 | 150,000 | 147,849 | ||||||
6.50%, 2/9/2040 | 50,000 | 59,258 | ||||||
6.88%, 1/26/2039 | 100,000 | 123,381 | ||||||
Kraft Foods, Inc.: | ||||||||
6.50%, 2/9/2040 | 215,000 | 256,547 | ||||||
7.00%, 8/11/2037 | 150,000 | 181,898 | ||||||
The Hershey Co. 7.20%, 8/15/2027 | 50,000 | 63,297 | ||||||
Unilever Capital Corp. 5.90%, 11/15/2032 | 110,000 | 133,456 | ||||||
1,731,202 | ||||||||
GAS UTILITIES — 0.3% | ||||||||
AGL Capital Corp.: | ||||||||
4.40%, 6/1/2043 | 50,000 | 45,467 | ||||||
5.88%, 3/15/2041 | 70,000 | 77,906 | ||||||
Atmos Energy Corp. 5.50%, 6/15/2041 | 50,000 | 53,710 | ||||||
Piedmont Natural Gas Co., Inc. 4.65%, 8/1/2043 | 25,000 | 24,546 | ||||||
Southern California Gas Co. 3.75%, 9/15/2042 | 50,000 | 43,421 | ||||||
245,050 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.8% | ||||||||
Baxter International, Inc. 3.65%, 8/15/2042 | 100,000 | 83,624 | ||||||
Becton Dickinson and Co. 6.00%, 5/15/2039 | 100,000 | 116,743 | ||||||
Boston Scientific Corp. 7.38%, 1/15/2040 | 101,000 | 126,293 | ||||||
Covidien International Finance SA 6.55%, 10/15/2037 | 100,000 | 123,087 | ||||||
Medtronic, Inc.: | ||||||||
4.00%, 4/1/2043 (a) | 50,000 | 44,180 | ||||||
5.55%, 3/15/2040 | 100,000 | 108,813 | ||||||
St. Jude Medical, Inc. 4.75%, 4/15/2043 | 75,000 | 71,101 | ||||||
673,841 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 2.2% | ||||||||
Aetna, Inc.: | ||||||||
4.50%, 5/15/2042 | 90,000 | 83,962 | ||||||
6.63%, 6/15/2036 | 100,000 | 119,557 | ||||||
Cardinal Health, Inc. 4.60%, 3/15/2043 (a) | 60,000 | 55,932 |
See accompanying notes to financial statements.
137
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CIGNA Corp.: | ||||||||
5.88%, 3/15/2041 | $ | 100,000 | $ | 112,082 | ||||
7.88%, 5/15/2027 | 100,000 | 126,575 | ||||||
Humana, Inc. 4.63%, 12/1/2042 | 107,000 | 96,511 | ||||||
Kaiser Foundation Hospitals 4.88%, 4/1/2042 | 50,000 | 47,280 | ||||||
Mayo Clinic 4.00%, 11/15/2047 | 100,000 | 82,655 | ||||||
McKesson Corp. 6.00%, 3/1/2041 | 50,000 | 55,377 | ||||||
Quest Diagnostics, Inc. 6.95%, 7/1/2037 | 75,000 | 82,448 | ||||||
UnitedHealth Group, Inc.: | ||||||||
4.25%, 3/15/2043 | 100,000 | 90,094 | ||||||
4.38%, 3/15/2042 | 50,000 | 46,071 | ||||||
5.80%, 3/15/2036 (a) | 50,000 | 55,713 | ||||||
5.95%, 2/15/2041 | 100,000 | 113,959 | ||||||
6.63%, 11/15/2037 | 100,000 | 121,765 | ||||||
6.88%, 2/15/2038 | 115,000 | 144,150 | ||||||
WellPoint, Inc.: | ||||||||
4.65%, 1/15/2043 | 100,000 | 92,566 | ||||||
5.10%, 1/15/2044 | 50,000 | 49,651 | ||||||
5.85%, 1/15/2036 | 50,000 | 54,261 | ||||||
5.95%, 12/15/2034 | 10,000 | 10,956 | ||||||
6.38%, 6/15/2037 | 130,000 | 149,673 | ||||||
1,791,238 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.5% | ||||||||
Darden Restaurants, Inc. 6.80%, 10/15/2037 | 50,000 | 50,909 | ||||||
McDonald’s Corp.: | ||||||||
3.70%, 2/15/2042 (a) | 50,000 | 42,968 | ||||||
4.88%, 7/15/2040 | 75,000 | 78,191 | ||||||
6.30%, 10/15/2037 | 100,000 | 123,657 | ||||||
6.30%, 3/1/2038 | 75,000 | 92,897 | ||||||
Yum! Brands, Inc. 6.88%, 11/15/2037 | 32,000 | 36,659 | ||||||
425,281 | ||||||||
HOUSEHOLD DURABLES — 0.1% | ||||||||
Whirlpool Corp. 5.15%, 3/1/2043 | 50,000 | 48,558 | ||||||
HOUSEHOLD PRODUCTS — 0.5% | ||||||||
Kimberly-Clark Corp. 5.30%, 3/1/2041 | 100,000 | 107,605 | ||||||
The Procter & Gamble Co.: | ||||||||
5.50%, 2/1/2034 | 100,000 | 112,476 | ||||||
5.55%, 3/5/2037 | 150,000 | 170,269 | ||||||
390,350 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1% | ||||||||
TransAlta Corp. 6.50%, 3/15/2040 | 100,000 | 97,584 | ||||||
INDUSTRIAL CONGLOMERATES — 0.7% | ||||||||
3M Co. 5.70%, 3/15/2037 | 100,000 | 114,867 | ||||||
General Electric Co. 4.13%, 10/9/2042 | 150,000 | 137,885 | ||||||
Koninklijke Philips Electronics NV: | ||||||||
5.00%, 3/15/2042 | 50,000 | 49,654 | ||||||
6.88%, 3/11/2038 | 100,000 | 122,966 | ||||||
Tyco Electronics Group SA 7.13%, 10/1/2037 | 100,000 | 113,499 | ||||||
538,871 | ||||||||
INSURANCE — 5.0% | ||||||||
ACE INA Holdings, Inc.: | ||||||||
4.15%, 3/13/2043 | 50,000 | 44,952 | ||||||
6.70%, 5/15/2036 | 50,000 | 62,178 | ||||||
Aflac, Inc.: | ||||||||
6.45%, 8/15/2040 | 50,000 | 58,183 | ||||||
6.90%, 12/17/2039 | 18,000 | 21,990 | ||||||
American International Group, Inc.: | ||||||||
4.13%, 2/15/2024 | 100,000 | 99,327 | ||||||
6.25%, 5/1/2036 | 125,000 | 144,099 | ||||||
8.18%, 5/15/2058 (c) | 325,000 | 390,000 | ||||||
Aon PLC: | ||||||||
4.25%, 12/12/2042 | 20,000 | 16,790 | ||||||
4.45%, 5/24/2043 | 50,000 | 43,396 | ||||||
Arch Capital Group US, Inc. 5.14%, 11/1/2043 (a) | 70,000 | 70,526 | ||||||
Assurant, Inc. 6.75%, 2/15/2034 | 50,000 | 53,457 | ||||||
AXA SA 8.60%, 12/15/2030 | 115,000 | 141,738 | ||||||
Berkshire Hathaway Finance Corp.: | ||||||||
4.40%, 5/15/2042 | 50,000 | 45,364 | ||||||
5.75%, 1/15/2040 | 100,000 | 110,141 | ||||||
Berkshire Hathaway, Inc. 4.50%, 2/11/2043 (a) | 100,000 | 92,143 | ||||||
Chubb Corp. 6.50%, 5/15/2038 | 120,000 | 146,823 | ||||||
Cincinnati Financial Corp. 6.92%, 5/15/2028 | 100,000 | 114,974 | ||||||
Endurance Specialty Holdings, Ltd. 7.00%, 7/15/2034 | 50,000 | 54,635 | ||||||
Genworth Financial, Inc. 6.50%, 6/15/2034 | 50,000 | 53,561 | ||||||
Hartford Financial Services Group, Inc.: | ||||||||
4.30%, 4/15/2043 | 21,000 | 18,326 | ||||||
6.63%, 3/30/2040 | 50,000 | 60,007 | ||||||
Lincoln National Corp. 7.00%, 6/15/2040 | 100,000 | 124,939 | ||||||
Loews Corp. 4.13%, 5/15/2043 | 50,000 | 42,366 | ||||||
Markel Corp. 5.00%, 3/30/2043 | 33,000 | 30,630 | ||||||
Marsh & McLennan Cos., Inc. 5.88%, 8/1/2033 | 50,000 | 53,501 | ||||||
MetLife, Inc.: | ||||||||
4.13%, 8/13/2042 (a) | 150,000 | 130,218 | ||||||
4.88%, 11/13/2043 | 100,000 | 97,374 | ||||||
5.70%, 6/15/2035 | 100,000 | 109,203 | ||||||
6.38%, 6/15/2034 (a) | 100,000 | 118,257 | ||||||
6.40%, 12/15/2036 | 150,000 | 154,125 | ||||||
Principal Financial Group, Inc.: | ||||||||
4.63%, 9/15/2042 | 50,000 | 46,325 | ||||||
6.05%, 10/15/2036 | 50,000 | 56,021 |
See accompanying notes to financial statements.
138
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Protective Life Corp. 8.45%, 10/15/2039 (a) | $ | 50,000 | $ | 63,261 | ||||
Prudential Financial, Inc.: | ||||||||
5.20%, 3/15/2044 (a)(c) | 150,000 | 144,375 | ||||||
5.40%, 6/13/2035 | 50,000 | 51,506 | ||||||
5.63%, 5/12/2041 | 125,000 | 133,733 | ||||||
5.75%, 7/15/2033 | 75,000 | 80,541 | ||||||
Prudential Financial, Inc., Series D 5.70%, 12/14/2036 | 50,000 | 53,706 | ||||||
Swiss Re Solutions Holding Corp. 7.00%, 2/15/2026 | 35,000 | 41,631 | ||||||
The Allstate Corp.: | ||||||||
5.35%, 6/1/2033 | 50,000 | 53,017 | ||||||
5.55%, 5/9/2035 | 75,000 | 81,764 | ||||||
5.95%, 4/1/2036 | 30,000 | 34,035 | ||||||
The Progressive Corp. 6.25%, 12/1/2032 | 50,000 | 58,153 | ||||||
The Travelers Cos., Inc.: | ||||||||
4.60%, 8/1/2043 | 63,000 | 60,577 | ||||||
6.25%, 6/15/2037 | 130,000 | 154,391 | ||||||
Travelers Property Casualty Corp. 6.38%, 3/15/2033 | 50,000 | 59,483 | ||||||
Unum Group 5.75%, 8/15/2042 | 50,000 | 51,819 | ||||||
XL Group PLC 6.25%, 5/15/2027 | 100,000 | 112,002 | ||||||
4,039,563 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.1% | ||||||||
eBay, Inc. 4.00%, 7/15/2042 (a) | 50,000 | 42,199 | ||||||
IT SERVICES — 0.5% | ||||||||
International Business Machines Corp.: | ||||||||
4.00%, 6/20/2042 (a) | 75,000 | 66,313 | ||||||
5.60%, 11/30/2039 | 87,000 | 96,621 | ||||||
5.88%, 11/29/2032 | 50,000 | 58,369 | ||||||
6.50%, 1/15/2028 | 50,000 | 61,460 | ||||||
7.00%, 10/30/2025 | 50,000 | 62,906 | ||||||
Leidos Holdings, Inc. 5.95%, 12/1/2040 (a) | 100,000 | 98,092 | ||||||
443,761 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.1% | ||||||||
Hasbro, Inc. 6.35%, 3/15/2040 | 50,000 | 53,006 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.2% | ||||||||
Thermo Fisher Scientific, Inc.: | ||||||||
4.15%, 2/1/2024 | 100,000 | 99,932 | ||||||
5.30%, 2/1/2044 | 57,000 | 58,495 | ||||||
158,427 | ||||||||
MACHINERY — 1.1% | ||||||||
Caterpillar, Inc.: | ||||||||
3.80%, 8/15/2042 | 39,000 | 33,004 | ||||||
5.20%, 5/27/2041 | 115,000 | 119,356 | ||||||
6.05%, 8/15/2036 | 100,000 | 114,926 | ||||||
Cummins, Inc. 4.88%, 10/1/2043 | 100,000 | 100,446 | ||||||
Deere & Co.: | ||||||||
3.90%, 6/9/2042 | 100,000 | 87,684 | ||||||
5.38%, 10/16/2029 | 50,000 | 55,832 | ||||||
Dover Corp. 5.38%, 3/1/2041 | 100,000 | 105,597 | ||||||
Eaton Corp. 4.15%, 11/2/2042 (a) | 150,000 | 133,869 | ||||||
Illinois Tool Works, Inc.: | ||||||||
3.90%, 9/1/2042 (a) | 100,000 | 85,544 | ||||||
4.88%, 9/15/2041 | 25,000 | 24,921 | ||||||
Stanley Black & Decker, Inc. 5.20%, 9/1/2040 | 50,000 | 50,752 | ||||||
911,931 | ||||||||
MEDIA — 6.9% | ||||||||
21st Century Fox America, Inc. 5.40%, 10/1/2043 (a)(b) | 150,000 | 152,315 | ||||||
CBS Corp.: | ||||||||
4.85%, 7/1/2042 | 100,000 | 91,490 | ||||||
5.50%, 5/15/2033 | 50,000 | 50,318 | ||||||
7.88%, 7/30/2030 | 75,000 | 92,843 | ||||||
Comcast Corp.: | ||||||||
4.25%, 1/15/2033 | 300,000 | 277,933 | ||||||
4.50%, 1/15/2043 (a) | 100,000 | 91,018 | ||||||
4.65%, 7/15/2042 | 98,000 | 90,771 | ||||||
5.65%, 6/15/2035 | 100,000 | 107,178 | ||||||
6.40%, 3/1/2040 | 100,000 | 116,318 | ||||||
6.45%, 3/15/2037 | 100,000 | 116,043 | ||||||
6.55%, 7/1/2039 | 150,000 | 177,335 | ||||||
6.95%, 8/15/2037 | 260,000 | 319,588 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
5.15%, 3/15/2042 | 150,000 | 134,697 | ||||||
6.00%, 8/15/2040 | 50,000 | 49,369 | ||||||
6.38%, 3/1/2041 | 150,000 | 155,510 | ||||||
Discovery Communications LLC: | ||||||||
4.88%, 4/1/2043 (a) | 50,000 | 46,187 | ||||||
4.95%, 5/15/2042 | 75,000 | 69,654 | ||||||
6.35%, 6/1/2040 | 50,000 | 55,538 | ||||||
Grupo Televisa SA 6.63%, 3/18/2025 | 150,000 | 166,530 | ||||||
NBCUniversal Media LLC: | ||||||||
5.95%, 4/1/2041 | 100,000 | 109,371 | ||||||
6.40%, 4/30/2040 | 50,000 | 57,788 | ||||||
News America, Inc.: | ||||||||
6.15%, 3/1/2037 | 100,000 | 109,198 | ||||||
6.15%, 2/15/2041 | 150,000 | 164,869 | ||||||
6.20%, 12/15/2034 | 50,000 | 55,343 | ||||||
6.40%, 12/15/2035 | 100,000 | 112,133 | ||||||
6.55%, 3/15/2033 | 50,000 | 57,169 | ||||||
6.65%, 11/15/2037 | 140,000 | 162,361 | ||||||
The Walt Disney Co.: | ||||||||
3.70%, 12/1/2042 | 100,000 | 84,332 | ||||||
4.13%, 12/1/2041 | 50,000 | 45,584 | ||||||
4.38%, 8/16/2041 | 50,000 | 47,160 | ||||||
Thomson Reuters Corp.: | ||||||||
5.65%, 11/23/2043 | 50,000 | 50,385 | ||||||
5.85%, 4/15/2040 | 100,000 | 100,717 | ||||||
Time Warner Cable, Inc.: | ||||||||
4.50%, 9/15/2042 | 100,000 | 74,848 | ||||||
5.50%, 9/1/2041 | 125,000 | 103,697 | ||||||
5.88%, 11/15/2040 | 150,000 | 130,681 |
See accompanying notes to financial statements.
139
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.55%, 5/1/2037 | $ | 100,000 | $ | 92,209 | ||||
6.75%, 6/15/2039 | 100,000 | 94,270 | ||||||
7.30%, 7/1/2038 (a) | 205,000 | 205,098 | ||||||
Time Warner Cos., Inc. 6.95%, 1/15/2028 | 100,000 | 117,422 | ||||||
Time Warner, Inc.: | ||||||||
4.90%, 6/15/2042 (a) | 75,000 | 71,187 | ||||||
5.35%, 12/15/2043 | 50,000 | 51,164 | ||||||
6.20%, 3/15/2040 | 150,000 | 164,563 | ||||||
6.25%, 3/29/2041 | 100,000 | 110,580 | ||||||
6.50%, 11/15/2036 (a) | 75,000 | 84,205 | ||||||
7.63%, 4/15/2031 | 240,000 | 303,403 | ||||||
7.70%, 5/1/2032 | 100,000 | 127,561 | ||||||
Viacom, Inc.: | ||||||||
4.38%, 3/15/2043 (a) | 62,000 | 51,947 | ||||||
4.88%, 6/15/2043 | 50,000 | 45,526 | ||||||
5.85%, 9/1/2043 (a) | 150,000 | 156,543 | ||||||
6.88%, 4/30/2036 | 100,000 | 114,095 | ||||||
WPP Finance UK 5.13%, 9/7/2042 | 50,000 | 46,318 | ||||||
5,662,362 | ||||||||
METALS & MINING — 3.4% | ||||||||
Alcoa, Inc.: | ||||||||
5.90%, 2/1/2027 (a) | 50,000 | 49,073 | ||||||
5.95%, 2/1/2037 (a) | 50,000 | 46,475 | ||||||
6.75%, 1/15/2028 | 50,000 | 52,041 | ||||||
Barrick Gold Corp. 5.25%, 4/1/2042 | 100,000 | 83,402 | ||||||
Barrick North America Finance LLC 5.70%, 5/30/2041 | 50,000 | 43,225 | ||||||
Barrick PD Australia Finance Pty Ltd. 5.95%, 10/15/2039 | 150,000 | 129,771 | ||||||
BHP Billiton Finance USA, Ltd.: | ||||||||
4.13%, 2/24/2042 (a) | 125,000 | 111,232 | ||||||
5.00%, 9/30/2043 | 200,000 | 203,232 | ||||||
Cliffs Natural Resources, Inc. 6.25%, 10/1/2040 (a) | 100,000 | 85,181 | ||||||
Freeport-McMoRan Copper & Gold, Inc. 5.45%, 3/15/2043 | 220,000 | 210,287 | ||||||
Newmont Mining Corp.: | ||||||||
4.88%, 3/15/2042 (a) | 50,000 | 37,093 | ||||||
6.25%, 10/1/2039 | 190,000 | 166,053 | ||||||
Nucor Corp.: | ||||||||
5.20%, 8/1/2043 | 36,000 | 35,124 | ||||||
6.40%, 12/1/2037 | 50,000 | 56,190 | ||||||
Rio Tinto Alcan, Inc.: | ||||||||
6.13%, 12/15/2033 | 65,000 | 73,317 | ||||||
7.25%, 3/15/2031 | 100,000 | 121,238 | ||||||
Rio Tinto Finance USA PLC 4.13%, 8/21/2042 | 100,000 | 87,872 | ||||||
Rio Tinto Finance USA, Ltd. 5.20%, 11/2/2040 | 100,000 | 102,247 | ||||||
Southern Copper Corp.: | ||||||||
5.25%, 11/8/2042 | 150,000 | 121,630 | ||||||
6.75%, 4/16/2040 (a) | 75,000 | 71,067 | ||||||
Teck Resources, Ltd.: | ||||||||
6.13%, 10/1/2035 | 50,000 | 48,701 | ||||||
6.25%, 7/15/2041 | 200,000 | 198,811 | ||||||
Vale Overseas, Ltd.: | ||||||||
6.88%, 11/21/2036 | 320,000 | 332,379 | ||||||
6.88%, 11/10/2039 (a) | 100,000 | 104,067 | ||||||
Vale SA 5.63%, 9/11/2042 (a) | 200,000 | 180,559 | ||||||
2,750,267 | ||||||||
MULTI-UTILITIES — 1.3% | ||||||||
American Water Capital Corp. 4.30%, 12/1/2042 | 150,000 | 136,358 | ||||||
Dominion Resources, Inc.: | ||||||||
4.90%, 8/1/2041 | 100,000 | 96,143 | ||||||
5.25%, 8/1/2033 | 86,000 | 90,585 | ||||||
DTE Energy Co. 6.38%, 4/15/2033 | 50,000 | 57,190 | ||||||
MidAmerican Energy Holdings Co.: | ||||||||
5.95%, 5/15/2037 | 100,000 | 110,855 | ||||||
6.13%, 4/1/2036 | 280,000 | 318,067 | ||||||
6.50%, 9/15/2037 | 130,000 | 153,940 | ||||||
Sempra Energy 6.00%, 10/15/2039 (a) | 100,000 | 110,889 | ||||||
1,074,027 | ||||||||
MULTILINE RETAIL — 1.0% | ||||||||
Kohl’s Corp.: | ||||||||
6.00%, 1/15/2033 | 25,000 | 25,583 | ||||||
6.88%, 12/15/2037 | 50,000 | 55,892 | ||||||
Macy’s Retail Holdings, Inc.: | ||||||||
5.13%, 1/15/2042 | 50,000 | 47,724 | ||||||
6.65%, 7/15/2024 | 75,000 | 87,335 | ||||||
6.70%, 7/15/2034 | 100,000 | 113,378 | ||||||
Nordstrom, Inc.: | ||||||||
5.00%, 1/15/2044 (b) | 50,000 | 49,494 | ||||||
6.95%, 3/15/2028 | 50,000 | 60,643 | ||||||
Target Corp.: | ||||||||
4.00%, 7/1/2042 | 150,000 | 129,470 | ||||||
6.50%, 10/15/2037 | 100,000 | 120,003 | ||||||
7.00%, 1/15/2038 | 125,000 | 157,772 | ||||||
847,294 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 11.8% | ||||||||
Alberta Energy Co., Ltd. 7.38%, 11/1/2031 | 10,000 | 11,927 | ||||||
Anadarko Petroleum Corp.: | ||||||||
6.20%, 3/15/2040 | 125,000 | 138,064 | ||||||
6.45%, 9/15/2036 (a) | 100,000 | 112,844 | ||||||
Apache Corp.: | ||||||||
4.25%, 1/15/2044 | 100,000 | 89,395 | ||||||
4.75%, 4/15/2043 | 150,000 | 144,836 | ||||||
5.10%, 9/1/2040 | 50,000 | 50,461 | ||||||
5.25%, 2/1/2042 | 50,000 | 51,434 | ||||||
6.00%, 1/15/2037 | 125,000 | 140,585 | ||||||
Baker Hughes, Inc. 5.13%, 9/15/2040 (a) | 150,000 | 159,257 | ||||||
Canadian Natural Resources, Ltd.: | ||||||||
5.85%, 2/1/2035 | 100,000 | 106,325 | ||||||
6.25%, 3/15/2038 (a) | 100,000 | 112,188 | ||||||
7.20%, 1/15/2032 | 50,000 | 60,645 | ||||||
Cenovus Energy, Inc.: | ||||||||
4.45%, 9/15/2042 | 100,000 | 89,698 |
See accompanying notes to financial statements.
140
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.75%, 11/15/2039 | $ | 100,000 | $ | 118,759 | ||||
CenterPoint Energy Resources Corp. 5.85%, 1/15/2041 | 35,000 | 39,368 | ||||||
Conoco Funding Co. 7.25%, 10/15/2031 | 165,000 | 214,484 | ||||||
Conoco, Inc. 6.95%, 4/15/2029 | 115,000 | 144,781 | ||||||
ConocoPhillips 6.50%, 2/1/2039 | 375,000 | 471,496 | ||||||
Devon Energy Corp.: | ||||||||
4.75%, 5/15/2042 | 50,000 | 46,457 | ||||||
5.60%, 7/15/2041 | 100,000 | 103,903 | ||||||
7.95%, 4/15/2032 | 100,000 | 130,558 | ||||||
Devon Financing Corp. ULC 7.88%, 9/30/2031 | 115,000 | 148,843 | ||||||
El Paso Natural Gas Co. LLC 8.38%, 6/15/2032 | 100,000 | 128,055 | ||||||
El Paso Pipeline Partners Operating Co. LLC 4.70%, 11/1/2042 | 100,000 | 86,321 | ||||||
Enbridge Energy Partners LP, Series B 7.50%, 4/15/2038 | 100,000 | 118,092 | ||||||
EnCana Corp.: | ||||||||
5.15%, 11/15/2041 (a) | 75,000 | 70,840 | ||||||
6.50%, 8/15/2034 | 150,000 | 165,483 | ||||||
6.50%, 2/1/2038 (a) | 50,000 | 55,583 | ||||||
6.63%, 8/15/2037 | 50,000 | 55,988 | ||||||
Energy Transfer Partners LP: | ||||||||
5.15%, 2/1/2043 | 100,000 | 91,029 | ||||||
5.95%, 10/1/2043 | 100,000 | 101,439 | ||||||
6.05%, 6/1/2041 | 75,000 | 76,547 | ||||||
6.63%, 10/15/2036 | 50,000 | 53,876 | ||||||
7.60%, 2/1/2024 | 100,000 | 118,754 | ||||||
ENI USA, Inc. 7.30%, 11/15/2027 | 50,000 | 62,220 | ||||||
Enterprise Products Operating LLC: | ||||||||
4.45%, 2/15/2043 | 100,000 | 88,676 | ||||||
4.85%, 3/15/2044 | 100,000 | 94,068 | ||||||
6.13%, 10/15/2039 | 100,000 | 109,637 | ||||||
6.65%, 10/15/2034 | 100,000 | 116,239 | ||||||
7.55%, 4/15/2038 | 115,000 | 144,636 | ||||||
Hess Corp.: | ||||||||
5.60%, 2/15/2041 | 100,000 | 104,198 | ||||||
6.00%, 1/15/2040 | 75,000 | 81,630 | ||||||
7.13%, 3/15/2033 | 100,000 | 120,374 | ||||||
7.30%, 8/15/2031 | 65,000 | 79,209 | ||||||
Husky Energy, Inc. 6.80%, 9/15/2037 | 50,000 | 60,468 | ||||||
Kerr-McGee Corp. 7.88%, 9/15/2031 | 150,000 | 184,795 | ||||||
Kinder Morgan Energy Partners LP: | ||||||||
5.00%, 8/15/2042 | 100,000 | 92,132 | ||||||
5.00%, 3/1/2043 | 50,000 | 45,967 | ||||||
5.63%, 9/1/2041 | 100,000 | 99,702 | ||||||
6.38%, 3/1/2041 | 50,000 | 54,587 | ||||||
6.95%, 1/15/2038 | 75,000 | 87,014 | ||||||
7.40%, 3/15/2031 | 200,000 | 235,586 | ||||||
Marathon Oil Corp.: | ||||||||
6.60%, 10/1/2037 | 50,000 | 59,511 | ||||||
6.80%, 3/15/2032 | 50,000 | 58,134 | ||||||
Marathon Petroleum Corp. 6.50%, 3/1/2041 | 100,000 | 113,500 | ||||||
Murphy Oil Corp. 5.13%, 12/1/2042 | 50,000 | 43,179 | ||||||
Noble Energy, Inc.: | ||||||||
5.25%, 11/15/2043 | 150,000 | 149,635 | ||||||
6.00%, 3/1/2041 | 50,000 | 54,541 | ||||||
Noble Holding International, Ltd.: | ||||||||
5.25%, 3/15/2042 (a) | 50,000 | 47,968 | ||||||
6.05%, 3/1/2041 | 50,000 | 52,357 | ||||||
ONEOK Partners LP: | ||||||||
6.13%, 2/1/2041 | 50,000 | 53,203 | ||||||
6.85%, 10/15/2037 | 100,000 | 113,224 | ||||||
ONEOK, Inc. 6.00%, 6/15/2035 | 35,000 | 32,585 | ||||||
Petro-Canada: | ||||||||
5.35%, 7/15/2033 | 100,000 | 101,876 | ||||||
5.95%, 5/15/2035 | 100,000 | 109,659 | ||||||
6.80%, 5/15/2038 | 95,000 | 114,427 | ||||||
Phillips 66 5.88%, 5/1/2042 (a) | 100,000 | 108,441 | ||||||
Plains All American Pipeline LP/PAA Finance Corp.: | ||||||||
5.15%, 6/1/2042 | 100,000 | 98,600 | ||||||
6.65%, 1/15/2037 | 50,000 | 58,579 | ||||||
Shell International Finance BV: | ||||||||
3.63%, 8/21/2042 | 50,000 | 41,821 | ||||||
4.55%, 8/12/2043 | 100,000 | 97,208 | ||||||
5.50%, 3/25/2040 | 100,000 | 110,920 | ||||||
6.38%, 12/15/2038 (a) | 190,000 | 232,751 | ||||||
Southern Natural Gas Co. 8.00%, 3/1/2032 | 15,000 | 19,018 | ||||||
Spectra Energy Partners LP 4.75%, 3/15/2024 | 100,000 | 102,540 | ||||||
Suncor Energy, Inc.: | ||||||||
6.50%, 6/15/2038 | 50,000 | 58,201 | ||||||
6.85%, 6/1/2039 (a) | 100,000 | 121,568 | ||||||
Sunoco Logistics Partners Operations LP 6.10%, 2/15/2042 | 100,000 | 102,363 | ||||||
Talisman Energy, Inc.: | ||||||||
5.50%, 5/15/2042 (a) | 100,000 | 95,264 | ||||||
6.25%, 2/1/2038 | 100,000 | 101,928 | ||||||
Texas Eastern Transmission LP 7.00%, 7/15/2032 | 100,000 | 117,996 | ||||||
Total Capital International SA 3.70%, 1/15/2024 | 100,000 | 98,538 | ||||||
TransCanada PipeLines, Ltd. 5.00%, 10/16/2043 | 50,000 | 49,647 | ||||||
TransCanada Pipelines, Ltd.: | ||||||||
6.10%, 6/1/2040 | 100,000 | 114,009 | ||||||
6.20%, 10/15/2037 | 120,000 | 137,232 | ||||||
7.63%, 1/15/2039 | 165,000 | 219,364 | ||||||
Transcontinental Gas Pipe Line Co. LLC: | ||||||||
4.45%, 8/1/2042 | 22,000 | 19,441 | ||||||
5.40%, 8/15/2041 | 50,000 | 50,887 | ||||||
Transocean, Inc.: | ||||||||
6.80%, 3/15/2038 | 150,000 | 166,935 | ||||||
7.50%, 4/15/2031 | 30,000 | 34,919 |
See accompanying notes to financial statements.
141
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Valero Energy Corp.: | ||||||||
7.50%, 4/15/2032 | $ | 75,000 | $ | 91,211 | ||||
10.50%, 3/15/2039 | 100,000 | 149,317 | ||||||
Williams Cos., Inc. 8.75%, 3/15/2032 | 100,000 | 118,464 | ||||||
Williams Partners LP: | ||||||||
5.80%, 11/15/2043 | 50,000 | 51,096 | ||||||
6.30%, 4/15/2040 | 100,000 | 107,887 | ||||||
9,649,397 | ||||||||
PAPER & FOREST PRODUCTS — 0.7% | ||||||||
Domtar Corp. 6.75%, 2/15/2044 | 50,000 | 51,006 | ||||||
Georgia-Pacific LLC 8.88%, 5/15/2031 | 150,000 | 209,408 | ||||||
International Paper Co.: | ||||||||
6.00%, 11/15/2041 | 100,000 | 108,583 | ||||||
8.70%, 6/15/2038 | 50,000 | 69,272 | ||||||
Westvaco Corp. 7.95%, 2/15/2031 | 100,000 | 115,449 | ||||||
553,718 | ||||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Avon Products, Inc. 6.95%, 3/15/2043 | 50,000 | 47,915 | ||||||
The Estee Lauder Cos., Inc. 6.00%, 5/15/2037 | 50,000 | 56,875 | ||||||
104,790 | ||||||||
PHARMACEUTICALS — 4.2% | ||||||||
Abbott Laboratories: | ||||||||
5.30%, 5/27/2040 | 50,000 | 54,542 | ||||||
6.00%, 4/1/2039 | 75,000 | 88,134 | ||||||
AbbVie, Inc. 4.40%, 11/6/2042 | 200,000 | 186,213 | ||||||
Actavis, Inc. 4.63%, 10/1/2042 (a) | 100,000 | 91,586 | ||||||
AstraZeneca PLC: | ||||||||
4.00%, 9/18/2042 | 100,000 | 86,954 | ||||||
6.45%, 9/15/2037 | 200,000 | 238,559 | ||||||
Bristol-Myers Squibb Co.: | ||||||||
3.25%, 8/1/2042 (a) | 71,000 | 55,407 | ||||||
4.50%, 3/1/2044 | 100,000 | 96,109 | ||||||
5.88%, 11/15/2036 | 74,000 | 85,015 | ||||||
Eli Lilly & Co.: | ||||||||
5.50%, 3/15/2027 | 65,000 | 73,797 | ||||||
6.77%, 1/1/2036 | 100,000 | 125,073 | ||||||
Express Scripts Holding Co. 6.13%, 11/15/2041 | 75,000 | 84,596 | ||||||
GlaxoSmithKline Capital, Inc.: | ||||||||
4.20%, 3/18/2043 | 45,000 | 41,137 | ||||||
6.38%, 5/15/2038 | 180,000 | 219,107 | ||||||
Johnson & Johnson: | ||||||||
4.50%, 9/1/2040 | 225,000 | 223,405 | ||||||
5.95%, 8/15/2037 | 75,000 | 89,540 | ||||||
Merck & Co, Inc.: | ||||||||
4.15%, 5/18/2043 | 100,000 | 91,345 | ||||||
5.85%, 6/30/2039 | 100,000 | 115,416 | ||||||
5.95%, 12/1/2028 | 100,000 | 116,733 | ||||||
6.30%, 1/1/2026 | 150,000 | 180,129 | ||||||
6.50%, 12/1/2033 | 50,000 | 62,333 | ||||||
Mylan, Inc. 5.40%, 11/29/2043 | 17,000 | 17,135 | ||||||
Novartis Capital Corp. 3.70%, 9/21/2042 (a) | 100,000 | 85,789 | ||||||
Pfizer, Inc. 7.20%, 3/15/2039 | 210,000 | 283,373 | ||||||
Teva Pharmaceutical Finance Co. LLC 6.15%, 2/1/2036 | 100,000 | 110,070 | ||||||
Wyeth: | ||||||||
5.95%, 4/1/2037 | 200,000 | 233,677 | ||||||
6.45%, 2/1/2024 | 50,000 | 60,279 | ||||||
6.50%, 2/1/2034 | 125,000 | 153,185 | ||||||
Zoetis, Inc. 4.70%, 2/1/2043 | 126,000 | 118,531 | ||||||
3,467,169 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 0.6% | ||||||||
Boston Properties LP 3.80%, 2/1/2024 | 50,000 | 48,140 | ||||||
HCP, Inc. 6.75%, 2/1/2041 | 50,000 | 58,707 | ||||||
Health Care REIT, Inc. 6.50%, 3/15/2041 | 86,000 | 94,792 | ||||||
Liberty Property LP 4.40%, 2/15/2024 | 50,000 | 48,853 | ||||||
Simon Property Group LP 6.75%, 2/1/2040 | 65,000 | 80,674 | ||||||
Weyerhaeuser Co. 7.38%, 3/15/2032 | 100,000 | 122,094 | ||||||
453,260 | ||||||||
ROAD & RAIL — 2.5% | ||||||||
Burlington Northern Santa Fe LLC: | ||||||||
4.38%, 9/1/2042 | 100,000 | 89,828 | ||||||
4.40%, 3/15/2042 (a) | 75,000 | 67,603 | ||||||
5.15%, 9/1/2043 | 100,000 | 101,728 | ||||||
5.75%, 5/1/2040 | 150,000 | 163,541 | ||||||
6.15%, 5/1/2037 | 100,000 | 112,661 | ||||||
7.95%, 8/15/2030 | 50,000 | 65,533 | ||||||
Canadian National Railway Co.: | ||||||||
3.50%, 11/15/2042 | 100,000 | 80,951 | ||||||
6.38%, 11/15/2037 | 100,000 | 121,812 | ||||||
6.90%, 7/15/2028 | 45,000 | 56,947 | ||||||
Canadian Pacific Railway, Ltd. 5.75%, 1/15/2042 | 100,000 | 107,667 | ||||||
Con-way, Inc. 6.70%, 5/1/2034 (a) | 50,000 | 51,423 | ||||||
CSX Corp.: | ||||||||
4.10%, 3/15/2044 | 161,000 | 137,022 | ||||||
4.40%, 3/1/2043 (a) | 100,000 | 89,844 | ||||||
6.22%, 4/30/2040 | 120,000 | 136,201 | ||||||
Kansas City Southern Railway 4.30%, 5/15/2043 (a)(b) | 17,000 | 14,735 | ||||||
Norfolk Southern Corp.: | ||||||||
4.84%, 10/1/2041 | 300,000 | 289,376 | ||||||
6.00%, 3/15/2105 | 100,000 | 105,299 | ||||||
Union Pacific Corp.: | ||||||||
3.65%, 2/15/2024 (a)(b) | 50,000 | 48,467 | ||||||
4.30%, 6/15/2042 | 50,000 | 45,277 |
See accompanying notes to financial statements.
142
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
4.75%, 9/15/2041 (a) | $ | 75,000 | $ | 72,921 | ||||
4.82%, 2/1/2044 (b) | 102,000 | 99,547 | ||||||
2,058,383 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.4% | ||||||||
Applied Materials, Inc. 5.85%, 6/15/2041 | 100,000 | 103,541 | ||||||
Intel Corp.: | ||||||||
4.00%, 12/15/2032 (a) | 50,000 | 46,257 | ||||||
4.25%, 12/15/2042 (a) | 100,000 | 87,952 | ||||||
4.80%, 10/1/2041 | 100,000 | 95,625 | ||||||
333,375 | ||||||||
SOFTWARE — 1.0% | ||||||||
Microsoft Corp.: | ||||||||
3.75%, 5/1/2043 (a) | 73,000 | 61,640 | ||||||
4.50%, 10/1/2040 | 50,000 | 48,146 | ||||||
5.20%, 6/1/2039 | 100,000 | 105,141 | ||||||
5.30%, 2/8/2041 | 100,000 | 106,808 | ||||||
Oracle Corp.: | ||||||||
5.38%, 7/15/2040 | 200,000 | 212,605 | ||||||
6.13%, 7/8/2039 | 105,000 | 122,838 | ||||||
6.50%, 4/15/2038 | 100,000 | 121,823 | ||||||
779,001 | ||||||||
SPECIALTY RETAIL — 1.3% | ||||||||
Lowe’s Cos., Inc.: | ||||||||
4.65%, 4/15/2042 | 100,000 | 96,282 | ||||||
5.00%, 9/15/2043 | 100,000 | 100,825 | ||||||
5.80%, 10/15/2036 | 100,000 | 110,137 | ||||||
6.65%, 9/15/2037 | 50,000 | 61,013 | ||||||
QVC, Inc. 5.95%, 3/15/2043 | 50,000 | 44,368 | ||||||
The Home Depot, Inc.: | ||||||||
3.75%, 2/15/2024 (a) | 100,000 | 99,522 | ||||||
4.88%, 2/15/2044 | 100,000 | 100,453 | ||||||
5.40%, 9/15/2040 | 100,000 | 107,392 | ||||||
5.88%, 12/16/2036 | 165,000 | 189,618 | ||||||
5.95%, 4/1/2041 | 125,000 | 144,524 | ||||||
1,054,134 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.2% | ||||||||
NIKE, Inc. 3.63%, 5/1/2043 | 50,000 | 42,641 | ||||||
V.F. Corp. 6.45%, 11/1/2037 | 100,000 | 118,556 | ||||||
161,197 | ||||||||
TOBACCO — 1.5% | ||||||||
Altria Group, Inc.: | ||||||||
4.00%, 1/31/2024 | 150,000 | 146,234 | ||||||
4.25%, 8/9/2042 (a) | 50,000 | 42,995 | ||||||
4.50%, 5/2/2043 (a) | 50,000 | 44,444 | ||||||
5.38%, 1/31/2044 | 192,000 | 192,769 | ||||||
9.95%, 11/10/2038 | 54,000 | 82,366 | ||||||
10.20%, 2/6/2039 (a) | 33,000 | 51,483 | ||||||
Lorillard Tobacco Co. 8.13%, 5/1/2040 (a) | 50,000 | 60,715 | ||||||
Philip Morris International, Inc.: | ||||||||
3.88%, 8/21/2042 | 50,000 | 42,318 | ||||||
4.13%, 3/4/2043 | 50,000 | 44,045 | ||||||
4.38%, 11/15/2041 (a) | 100,000 | 91,411 | ||||||
4.50%, 3/20/2042 | 50,000 | 46,625 | ||||||
4.88%, 11/15/2043 | 75,000 | 74,171 | ||||||
6.38%, 5/16/2038 | 100,000 | 118,517 | ||||||
Reynolds American, Inc.: | ||||||||
4.75%, 11/1/2042 (a) | 125,000 | 112,079 | ||||||
6.15%, 9/15/2043 (a) | 50,000 | 54,525 | ||||||
1,204,697 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 4.5% | ||||||||
Alltel Corp. 7.88%, 7/1/2032 | 50,000 | 65,445 | ||||||
America Movil SAB de CV: | ||||||||
4.38%, 7/16/2042 (a) | 250,000 | 209,860 | ||||||
6.38%, 3/1/2035 | 140,000 | 152,504 | ||||||
AT&T Corp. 8.00%, 11/15/2031 | 219,000 | 294,577 | ||||||
AT&T, Inc.: | ||||||||
5.35%, 9/1/2040 | 345,000 | 342,753 | ||||||
6.15%, 9/15/2034 | 100,000 | 109,327 | ||||||
6.30%, 1/15/2038 | 115,000 | 126,437 | ||||||
6.55%, 2/15/2039 | 250,000 | 283,794 | ||||||
Deutsche Telekom International Finance BV: | ||||||||
8.75%, 6/15/2030 | 280,000 | 391,105 | ||||||
9.25%, 6/1/2032 | 50,000 | 74,230 | ||||||
Embarq Corp. 8.00%, 6/1/2036 | 150,000 | 152,625 | ||||||
France Telecom SA 5.38%, 1/13/2042 | 100,000 | 100,420 | ||||||
GTE Corp. 6.94%, 4/15/2028 | 160,000 | 182,456 | ||||||
Koninklijke KPN NV 8.38%, 10/1/2030 | 100,000 | 126,769 | ||||||
Orange SA 8.75%, 3/1/2031 | 150,000 | 205,842 | ||||||
Rogers Communications, Inc.: | ||||||||
4.50%, 3/15/2043 | 50,000 | 42,465 | ||||||
7.50%, 8/15/2038 | 50,000 | 61,937 | ||||||
Telefonica Emisiones SAU 7.05%, 6/20/2036 | 100,000 | 110,224 | ||||||
Telefonica Europe BV 8.25%, 9/15/2030 | 145,000 | 174,006 | ||||||
US Cellular Corp. 6.70%, 12/15/2033 (a) | 100,000 | 94,786 | ||||||
Vodafone Group PLC: | ||||||||
4.38%, 2/19/2043 | 175,000 | 151,665 | ||||||
6.15%, 2/27/2037 | 115,000 | 125,256 | ||||||
6.25%, 11/30/2032 | 100,000 | 110,673 | ||||||
3,689,156 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $84,777,284) | 80,319,576 | |||||||
See accompanying notes to financial statements.
143
SPDR Barclays Long Term Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
SHORT TERM INVESTMENTS — 5.4% | ||||||||
MONEY MARKET FUNDS — 5.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 4,110,885 | $ | 4,110,885 | |||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 332,431 | 332,431 | ||||||
TOTAL SHORT TERM INVESTMENTS — (g) | ||||||||
(Cost $4,443,316) | 4,443,316 | |||||||
TOTAL INVESTMENTS — 103.9% (h) | ||||||||
(Cost $89,220,600) | 84,762,892 | |||||||
OTHER ASSETS & LIABILITIES — (3.9)% | (3,219,099 | ) | ||||||
NET ASSETS — 100.0% | $ | 81,543,793 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(b) | 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, 2013, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(c) | Variable rate security. Rate shown is rate in effect at December 31, 2013. Maturity date disclosed is the ultimate maturity. | |||||
(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
REIT = Real Estate Investment Trust
ULC = Unlimited Liability Corporation
See accompanying notes to financial statements.
144
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 97.6% | ||||||||
AEROSPACE & DEFENSE — 1.2% | ||||||||
Honeywell International, Inc. 4.25%, 3/1/2021 | $ | 50,000 | $ | 53,811 | ||||
L-3 Communications Corp.: | ||||||||
3.95%, 11/15/2016 | 25,000 | 26,595 | ||||||
4.75%, 7/15/2020 | 25,000 | 25,971 | ||||||
Lockheed Martin Corp. 2.13%, 9/15/2016 | 50,000 | 51,409 | ||||||
Raytheon Co.: | ||||||||
3.13%, 10/15/2020 | 50,000 | 50,083 | ||||||
4.88%, 10/15/2040 | 15,000 | 14,953 | ||||||
Textron, Inc. 6.20%, 3/15/2015 | 60,000 | 63,642 | ||||||
The Boeing Co. 5.88%, 2/15/2040 | 20,000 | 23,662 | ||||||
United Technologies Corp. 6.13%, 7/15/2038 | 25,000 | 29,966 | ||||||
340,092 | ||||||||
AIR FREIGHT & LOGISTICS — 0.3% | ||||||||
FedEx Corp. 2.63%, 8/1/2022 | 75,000 | 67,992 | ||||||
United Parcel Service, Inc. 4.88%, 11/15/2040 | 25,000 | 25,634 | ||||||
93,626 | ||||||||
AIRLINES — 2.2% | ||||||||
American Airlines 2013-1 Pass Through Trust, Class A 4.00%, 7/15/2025 (a) | 100,000 | 97,250 | ||||||
Continental Airlines, Inc. 5.98%, 4/19/2022 | 42,998 | 46,761 | ||||||
Delta Air Lines 2012-1 Pass Through Trust, Class A 4.75%, 5/7/2020 | 185,986 | 198,540 | ||||||
Southwest Airlines Co. 5.13%, 3/1/2017 | 100,000 | 110,390 | ||||||
US Airways 2012-2 Pass Through Trust, Class A 4.63%, 6/3/2025 | 149,485 | 149,859 | ||||||
602,800 | ||||||||
AUTO COMPONENTS — 0.2% | ||||||||
Johnson Controls, Inc. 4.25%, 3/1/2021 | 50,000 | 52,012 | ||||||
AUTOMOBILES — 0.3% | ||||||||
Daimler Finance North America LLC 8.50%, 1/18/2031 (b) | 25,000 | 36,448 | ||||||
PACCAR Financial Corp. 1.55%, 9/29/2014 | 50,000 | 50,420 | ||||||
86,868 | ||||||||
BEVERAGES — 1.5% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. 8.00%, 11/15/2039 | 50,000 | 72,149 | ||||||
Beam, Inc. 5.38%, 1/15/2016 | 50,000 | 54,175 | ||||||
Brown-Forman Corp. 2.25%, 1/15/2023 | 50,000 | 44,270 | ||||||
Coca-Cola Enterprises, Inc. 2.13%, 9/15/2015 | 50,000 | 51,175 | ||||||
Diageo Capital PLC 2.63%, 4/29/2023 (b) | 50,000 | 45,579 | ||||||
Dr Pepper Snapple Group, Inc. 2.90%, 1/15/2016 | 50,000 | 52,155 | ||||||
PepsiCo, Inc. 3.13%, 11/1/2020 | 50,000 | 50,053 | ||||||
The Coca-Cola Co. 4.88%, 3/15/2019 (b) | 50,000 | 56,313 | ||||||
425,869 | ||||||||
BIOTECHNOLOGY — 1.2% | ||||||||
Amgen, Inc. 6.38%, 6/1/2037 | 25,000 | 28,595 | ||||||
Celgene Corp. 3.95%, 10/15/2020 | 50,000 | 51,784 | ||||||
Genentech, Inc. 4.75%, 7/15/2015 | 85,000 | 90,414 | ||||||
Genzyme Corp. 3.63%, 6/15/2015 | 50,000 | 52,237 | ||||||
Gilead Sciences, Inc. 4.50%, 4/1/2021 | 50,000 | 53,482 | ||||||
Life Technologies Corp. 4.40%, 3/1/2015 | 50,000 | 51,838 | ||||||
328,350 | ||||||||
BUILDING MATERIALS — 0.2% | ||||||||
CRH America, Inc. 6.00%, 9/30/2016 | 50,000 | 56,010 | ||||||
BUILDING PRODUCTS — 0.1% | ||||||||
Owens Corning 7.00%, 12/1/2036 | 25,000 | 26,645 | ||||||
CAPITAL MARKETS — 2.3% | ||||||||
Ameriprise Financial, Inc.: | ||||||||
5.30%, 3/15/2020 | 50,000 | 55,993 | ||||||
7.30%, 6/28/2019 | 25,000 | 30,565 | ||||||
HSBC USA, Inc. 1.63%, 1/16/2018 (b) | 50,000 | 49,203 | ||||||
Jefferies Group LLC 3.88%, 11/9/2015 | 50,000 | 52,366 | ||||||
Morgan Stanley: | ||||||||
5.45%, 1/9/2017 | 100,000 | 110,572 | ||||||
6.25%, 8/9/2026 | 25,000 | 28,763 | ||||||
Northern Trust Corp. 2.38%, 8/2/2022 | 100,000 | 92,018 | ||||||
The Bank of New York Mellon Corp. 4.30%, 5/15/2014 | 55,000 | 55,796 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
2.90%, 7/19/2018 (b) | 50,000 | 50,881 | ||||||
3.63%, 1/22/2023 (b) | 50,000 | 48,338 | ||||||
6.00%, 5/1/2014 (b) | 50,000 | 50,893 | ||||||
6.25%, 2/1/2041 (b) | 25,000 | 28,607 | ||||||
653,995 | ||||||||
CHEMICALS — 3.7% | ||||||||
Agrium, Inc.: | ||||||||
3.15%, 10/1/2022 | 50,000 | 45,989 | ||||||
6.13%, 1/15/2041 | 25,000 | 26,817 |
See accompanying notes to financial statements.
145
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Air Products & Chemicals, Inc.: | ||||||||
2.00%, 8/2/2016 | $ | 15,000 | $ | 15,318 | ||||
4.38%, 8/21/2019 | 50,000 | 54,249 | ||||||
Airgas, Inc. 3.25%, 10/1/2015 | 100,000 | 103,740 | ||||||
CF Industries, Inc. 6.88%, 5/1/2018 | 100,000 | 115,906 | ||||||
E.I. du Pont de Nemours & Co. 6.00%, 7/15/2018 (b) | 50,000 | 58,193 | ||||||
Eastman Chemical Co. 3.00%, 12/15/2015 (b) | 25,000 | 25,923 | ||||||
Ecolab, Inc. 5.50%, 12/8/2041 | 50,000 | 53,380 | ||||||
LYB International Finance BV: | ||||||||
4.00%, 7/15/2023 (b) | 100,000 | 98,385 | ||||||
5.25%, 7/15/2043 | 25,000 | 25,090 | ||||||
Monsanto Co.: | ||||||||
2.75%, 4/15/2016 | 25,000 | 26,007 | ||||||
3.60%, 7/15/2042 | 80,000 | 65,333 | ||||||
Potash Corp. of Saskatchewan, Inc. 4.88%, 3/30/2020 (b) | 50,000 | 54,390 | ||||||
PPG Industries, Inc. 2.70%, 8/15/2022 (b) | 75,000 | 68,840 | ||||||
RPM International, Inc.: | ||||||||
3.45%, 11/15/2022 | 50,000 | 45,823 | ||||||
6.13%, 10/15/2019 | 25,000 | 28,079 | ||||||
The Dow Chemical Co. 7.38%, 11/1/2029 | 50,000 | 64,188 | ||||||
The Mosaic Co. 4.88%, 11/15/2041 | 25,000 | 22,815 | ||||||
The Sherwin-Williams Co. 1.35%, 12/15/2017 | 50,000 | 48,607 | ||||||
1,047,072 | ||||||||
COMMERCIAL BANKS — 4.6% | ||||||||
Abbey National Treasury Services PLC 4.00%, 4/27/2016 | 50,000 | 53,213 | ||||||
American Express Bank FSB 6.00%, 9/13/2017 | 25,000 | 28,705 | ||||||
Bank of Nova Scotia 3.40%, 1/22/2015 | 50,000 | 51,310 | ||||||
BB&T Corp. 3.20%, 3/15/2016 | 50,000 | 52,432 | ||||||
BB&T Corp., Series C 2.15%, 3/22/2017 (b) | 50,000 | 50,643 | ||||||
BBVA US Senior SAU 3.25%, 5/16/2014 | 50,000 | 50,402 | ||||||
BNP Paribas 5.00%, 1/15/2021 (b) | 50,000 | 54,783 | ||||||
Credit Suisse of New York, NY 4.38%, 8/5/2020 (b) | 100,000 | 107,505 | ||||||
Deutsche Bank AG London 6.00%, 9/1/2017 | 100,000 | 114,308 | ||||||
HSBC Holdings PLC 4.00%, 3/30/2022 (b) | 50,000 | 51,749 | ||||||
KeyCorp 5.10%, 3/24/2021 (b) | 50,000 | 54,313 | ||||||
Lloyds Bank PLC 6.38%, 1/21/2021 (b) | 100,000 | 117,785 | ||||||
PNC Funding Corp.: | ||||||||
2.70%, 9/19/2016 (b) | 50,000 | 52,113 | ||||||
3.63%, 2/8/2015 | 20,000 | 20,618 | ||||||
Royal Bank of Canada: | ||||||||
1.45%, 9/9/2016 | 30,000 | 30,305 | ||||||
2.20%, 7/27/2018 | 50,000 | 50,135 | ||||||
Royal Bank of Scotland Group PLC 6.40%, 10/21/2019 | 75,000 | 86,598 | ||||||
The Toronto-Dominion Bank 2.38%, 10/19/2016 (b) | 50,000 | 51,871 | ||||||
UnionBanCal Corp. 3.50%, 6/18/2022 | 50,000 | 49,075 | ||||||
US Bancorp 4.20%, 5/15/2014 (b) | 50,000 | 50,704 | ||||||
Wells Fargo & Co. 5.63%, 12/11/2017 (b) | 50,000 | 57,275 | ||||||
Westpac Banking Corp. 3.00%, 8/4/2015 | 25,000 | 25,955 | ||||||
Zions Bancorporation 7.75%, 9/23/2014 | 25,000 | 26,113 | ||||||
1,287,910 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.2% | ||||||||
Cintas Corp. No 2: | ||||||||
2.85%, 6/1/2016 | 50,000 | 51,613 | ||||||
6.15%, 8/15/2036 | 39,000 | 44,481 | ||||||
Equifax, Inc. 3.30%, 12/15/2022 | 100,000 | 91,879 | ||||||
Republic Services, Inc.: | ||||||||
3.80%, 5/15/2018 (b) | 50,000 | 53,128 | ||||||
5.25%, 11/15/2021 | 20,000 | 21,875 | ||||||
The Western Union Co.: | ||||||||
2.88%, 12/10/2017 | 50,000 | 50,534 | ||||||
5.25%, 4/1/2020 (b) | 25,000 | 26,352 | ||||||
339,862 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.7% | ||||||||
Cisco Systems, Inc.: | ||||||||
3.15%, 3/14/2017 | 50,000 | 52,831 | ||||||
5.90%, 2/15/2039 | 25,000 | 27,829 | ||||||
Juniper Networks, Inc. 4.60%, 3/15/2021 | 50,000 | 50,587 | ||||||
Motorola Solutions, Inc. 6.00%, 11/15/2017 | 50,000 | 56,542 | ||||||
187,789 | ||||||||
COMPUTERS & PERIPHERALS — 1.0% | ||||||||
Computer Sciences Corp.: | ||||||||
2.50%, 9/15/2015 | 75,000 | 76,659 | ||||||
4.45%, 9/15/2022 | 50,000 | 48,912 | ||||||
EMC Corp. 3.38%, 6/1/2023 | 75,000 | 72,166 | ||||||
Fidelity National Information Services, Inc.: | ||||||||
2.00%, 4/15/2018 | 14,000 | 13,640 | ||||||
3.50%, 4/15/2023 | 19,000 | 17,222 | ||||||
Hewlett-Packard Co. 3.00%, 9/15/2016 (b) | 50,000 | 52,095 | ||||||
280,694 | ||||||||
See accompanying notes to financial statements.
146
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CONSTRUCTION & ENGINEERING — 0.2% | ||||||||
ABB Finance USA, Inc. 4.38%, 5/8/2042 | $ | 50,000 | $ | 46,028 | ||||
CONSUMER FINANCE — 0.2% | ||||||||
John Deere Capital Corp. 2.25%, 4/17/2019 (b) | 50,000 | 49,906 | ||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Sonoco Products Co. 5.75%, 11/1/2040 | 40,000 | 42,267 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 4.9% | ||||||||
Alterra Finance LLC 6.25%, 9/30/2020 | 50,000 | 56,254 | ||||||
American Express Credit Corp. 1.75%, 6/12/2015 | 50,000 | 50,801 | ||||||
AXA Financial, Inc. 7.00%, 4/1/2028 | 35,000 | 39,186 | ||||||
Bank of America Corp. 3.88%, 3/22/2017 (b) | 75,000 | 80,005 | ||||||
Boeing Capital Corp. 2.90%, 8/15/2018 (b) | 15,000 | 15,601 | ||||||
Capital One Financial Corp.: | ||||||||
4.75%, 7/15/2021 | 50,000 | 53,064 | ||||||
6.75%, 9/15/2017 (b) | 17,000 | 19,811 | ||||||
Citigroup, Inc. 3.95%, 6/15/2016 | 50,000 | 53,176 | ||||||
Ford Motor Credit Co. LLC 4.25%, 9/20/2022 (b) | 100,000 | 100,887 | ||||||
Franklin Resources, Inc. 3.13%, 5/20/2015 | 100,000 | 103,049 | ||||||
General Electric Capital Corp. 3.50%, 6/29/2015 | 50,000 | 52,241 | ||||||
JPMorgan Chase & Co.: | ||||||||
1.13%, 2/26/2016 | 100,000 | 100,126 | ||||||
3.20%, 1/25/2023 (b) | 50,000 | 47,432 | ||||||
5.50%, 10/15/2040 | 25,000 | 26,848 | ||||||
Lazard Group LLC 6.85%, 6/15/2017 | 95,000 | 107,127 | ||||||
Moody’s Corp. 5.50%, 9/1/2020 | 50,000 | 53,272 | ||||||
Nomura Holdings, Inc. 5.00%, 3/4/2015 | 150,000 | 156,564 | ||||||
ORIX Corp. 5.00%, 1/12/2016 (b) | 60,000 | 63,978 | ||||||
The Charles Schwab Corp. 3.23%, 9/1/2022 | 50,000 | 47,511 | ||||||
The Nasdaq OMX Group, Inc. 5.25%, 1/16/2018 (b) | 30,000 | 32,093 | ||||||
Toyota Motor Credit Corp. 0.80%, 5/17/2016 | 100,000 | 99,963 | ||||||
1,358,989 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.0% | ||||||||
AT&T, Inc. 2.50%, 8/15/2015 | 50,000 | 51,460 | ||||||
British Telecommunications PLC 5.95%, 1/15/2018 | 100,000 | 114,259 | ||||||
Qwest Corp. 6.88%, 9/15/2033 | 50,000 | 48,000 | ||||||
Verizon New York, Inc., Series A 7.38%, 4/1/2032 | 50,000 | 57,279 | ||||||
270,998 | ||||||||
ELECTRIC UTILITIES — 4.3% | ||||||||
Appalachian Power Co. 5.80%, 10/1/2035 | 25,000 | 26,381 | ||||||
Arizona Public Service Co. 8.75%, 3/1/2019 | 50,000 | 63,834 | ||||||
Consolidated Edison Co. of New York, Inc. 5.38%, 12/15/2015 | 50,000 | 54,037 | ||||||
Constellation Energy Group, Inc. 5.15%, 12/1/2020 (b) | 50,000 | 53,327 | ||||||
Consumers Energy Co.: | ||||||||
3.38%, 8/15/2023 | 50,000 | 48,783 | ||||||
3.95%, 5/15/2043 | 25,000 | 22,249 | ||||||
Duke Energy Carolinas LLC 6.10%, 6/1/2037 | 25,000 | 28,596 | ||||||
Entergy Gulf States Louisiana LLC 5.59%, 10/1/2024 | 25,000 | 28,194 | ||||||
Exelon Generation Co. LLC 6.20%, 10/1/2017 | 50,000 | 56,317 | ||||||
Florida Power & Light Co. 4.13%, 2/1/2042 | 25,000 | 23,042 | ||||||
Georgia Power Co. 5.65%, 3/1/2037 | 25,000 | 27,048 | ||||||
Great Plains Energy, Inc. 4.85%, 6/1/2021 | 25,000 | 26,340 | ||||||
Kentucky Utilities Co. 5.13%, 11/1/2040 | 25,000 | 26,454 | ||||||
Nevada Power Co. 6.65%, 4/1/2036 | 100,000 | 120,988 | ||||||
Nisource Finance Corp.: | ||||||||
5.65%, 2/1/2045 | 25,000 | 25,568 | ||||||
5.95%, 6/15/2041 | 25,000 | 26,332 | ||||||
Oklahoma Gas & Electric Co. 5.25%, 5/15/2041 | 25,000 | 26,704 | ||||||
Pacific Gas & Electric Co. 5.80%, 3/1/2037 | 35,000 | 38,835 | ||||||
Potomac Electric Power Co. 7.90%, 12/15/2038 | 35,000 | 49,728 | ||||||
Progress Energy, Inc. 4.40%, 1/15/2021 | 50,000 | 53,147 | ||||||
Public Service Electric & Gas Co.: | ||||||||
0.85%, 8/15/2014 | 20,000 | 20,057 | ||||||
5.50%, 3/1/2040 | 15,000 | 16,684 | ||||||
Scottish Power, Ltd. 5.38%, 3/15/2015 (b) | 25,000 | 26,172 | ||||||
South Carolina Electric & Gas Co. 6.05%, 1/15/2038 | 50,000 | 58,494 | ||||||
Southern California Edison Co. 3.88%, 6/1/2021 (b) | 20,000 | 21,010 | ||||||
TECO Finance, Inc. 5.15%, 3/15/2020 | 50,000 | 54,688 | ||||||
The Detroit Edison Co. 5.60%, 6/15/2018 | 50,000 | 56,750 | ||||||
Westar Energy, Inc. 4.13%, 3/1/2042 | 50,000 | 45,747 | ||||||
Wisconsin Electric Power Co. 5.70%, 12/1/2036 | 25,000 | 28,047 |
See accompanying notes to financial statements.
147
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Wisconsin Power & Light Co. 5.00%, 7/15/2019 | $ | 50,000 | $ | 55,913 | ||||
1,209,466 | ||||||||
ELECTRICAL EQUIPMENT — 0.6% | ||||||||
Agilent Technologies, Inc. 6.50%, 11/1/2017 | 50,000 | 58,085 | ||||||
Emerson Electric Co. 4.25%, 11/15/2020 | 50,000 | 54,121 | ||||||
Roper Industries, Inc. 6.25%, 9/1/2019 | 50,000 | 56,659 | ||||||
168,865 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.6% | ||||||||
Amphenol Corp. 4.00%, 2/1/2022 | 35,000 | 34,155 | ||||||
Arrow Electronics, Inc. 3.38%, 11/1/2015 | 50,000 | 51,886 | ||||||
Avnet, Inc. 6.63%, 9/15/2016 | 50,000 | 56,390 | ||||||
Corning, Inc. 5.75%, 8/15/2040 | 30,000 | 33,309 | ||||||
175,740 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.7% | ||||||||
Cameron International Corp. 5.95%, 6/1/2041 | 25,000 | 27,369 | ||||||
Halliburton Co.: | ||||||||
4.50%, 11/15/2041 | 25,000 | 23,732 | ||||||
6.70%, 9/15/2038 | 25,000 | 30,719 | ||||||
Nabors Industries, Inc. 9.25%, 1/15/2019 | 50,000 | 62,290 | ||||||
National Oilwell Varco, Inc.: | ||||||||
2.60%, 12/1/2022 | 25,000 | 23,004 | ||||||
3.95%, 12/1/2042 | 50,000 | 43,755 | ||||||
210,869 | ||||||||
FOOD & STAPLES RETAILING — 1.3% | ||||||||
Costco Wholesale Corp.: | ||||||||
1.70%, 12/15/2019 (b) | 50,000 | 47,832 | ||||||
5.50%, 3/15/2017 (b) | 25,000 | 28,137 | ||||||
CVS Caremark Corp.: | ||||||||
2.75%, 12/1/2022 | 50,000 | 46,034 | ||||||
6.13%, 8/15/2016 | 20,000 | 22,465 | ||||||
Sysco Corp. 6.63%, 3/17/2039 | 25,000 | 30,594 | ||||||
The Kroger Co.: | ||||||||
3.85%, 8/1/2023 (b) | 50,000 | 48,602 | ||||||
6.15%, 1/15/2020 | 50,000 | 57,135 | ||||||
Wal-Mart Stores, Inc. 6.20%, 4/15/2038 (b) | 20,000 | 24,165 | ||||||
Walgreen Co. 5.25%, 1/15/2019 | 50,000 | 56,376 | ||||||
361,340 | ||||||||
FOOD PRODUCTS — 2.3% | ||||||||
Bunge Ltd. Finance Corp. 5.35%, 4/15/2014 | 50,000 | 50,635 | ||||||
Campbell Soup Co. 4.25%, 4/15/2021 (b) | 25,000 | 25,143 | ||||||
ConAgra Foods, Inc.: | ||||||||
6.63%, 8/15/2039 | 25,000 | 28,293 | ||||||
7.00%, 4/15/2019 | 50,000 | 59,475 | ||||||
Corn Products International, Inc. 4.63%, 11/1/2020 | 50,000 | 51,980 | ||||||
Delhaize Group SA 5.70%, 10/1/2040 | 25,000 | 23,574 | ||||||
General Mills, Inc. 5.70%, 2/15/2017 | 50,000 | 56,401 | ||||||
Kellogg Co. 4.15%, 11/15/2019 | 50,000 | 53,665 | ||||||
Kraft Foods, Inc. 6.13%, 2/1/2018 | 35,000 | 40,577 | ||||||
Sara Lee Corp. 2.75%, 9/15/2015 | 50,000 | 50,654 | ||||||
The Hershey Co. 4.13%, 12/1/2020 | 50,000 | 53,305 | ||||||
Tyson Foods, Inc. 4.50%, 6/15/2022 | 100,000 | 101,708 | ||||||
Unilever Capital Corp. 2.75%, 2/10/2016 | 50,000 | 51,964 | ||||||
647,374 | ||||||||
GAS UTILITIES — 0.6% | ||||||||
AGL Capital Corp. 5.25%, 8/15/2019 | 50,000 | 55,567 | ||||||
Atmos Energy Corp. 6.35%, 6/15/2017 | 50,000 | 56,533 | ||||||
National Grid PLC 6.30%, 8/1/2016 | 25,000 | 28,086 | ||||||
Southern California Gas Co. 5.45%, 4/15/2018 | 35,000 | 39,911 | ||||||
180,097 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.7% | ||||||||
Baxter International, Inc. 6.25%, 12/1/2037 | 25,000 | 29,938 | ||||||
Becton Dickinson and Co. 3.25%, 11/12/2020 | 25,000 | 25,296 | ||||||
Boston Scientific Corp. 7.38%, 1/15/2040 (b) | 35,000 | 43,765 | ||||||
C.R. Bard, Inc. 4.40%, 1/15/2021 | 25,000 | 25,907 | ||||||
CareFusion Corp. 6.38%, 8/1/2019 | 50,000 | 56,776 | ||||||
Covidien International Finance SA 4.20%, 6/15/2020 | 50,000 | 53,023 | ||||||
Medtronic, Inc.: | ||||||||
3.00%, 3/15/2015 | 25,000 | 25,724 | ||||||
3.13%, 3/15/2022 (b) | 50,000 | 48,646 | ||||||
4.50%, 3/15/2042 | 50,000 | 47,743 | ||||||
St. Jude Medical, Inc. 2.50%, 1/15/2016 (b) | 35,000 | 36,010 | ||||||
Stryker Corp. 2.00%, 9/30/2016 | 50,000 | 51,398 | ||||||
Zimmer Holdings, Inc. 5.75%, 11/30/2039 (b) | 25,000 | 27,529 | ||||||
471,755 | ||||||||
See accompanying notes to financial statements.
148
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
HEALTH CARE PROVIDERS & SERVICES — 2.0% | ||||||||
Aetna, Inc.: | ||||||||
3.95%, 9/1/2020 | $ | 25,000 | $ | 26,182 | ||||
6.63%, 6/15/2036 | 25,000 | 29,889 | ||||||
AmerisourceBergen Corp. 4.88%, 11/15/2019 | 50,000 | 55,245 | ||||||
Cardinal Health, Inc.: | ||||||||
3.20%, 3/15/2023 (b) | 50,000 | 46,733 | ||||||
5.80%, 10/15/2016 | 50,000 | 56,163 | ||||||
CIGNA Corp. 8.50%, 5/1/2019 | 50,000 | 63,492 | ||||||
Coventry Health Care, Inc. 6.30%, 8/15/2014 | 30,000 | 31,054 | ||||||
Express Scripts, Inc. 3.13%, 5/15/2016 (b) | 20,000 | 20,914 | ||||||
Humana, Inc. 8.15%, 6/15/2038 | 25,000 | 33,246 | ||||||
Laboratory Corp. of America Holdings 4.63%, 11/15/2020 (b) | 35,000 | 36,607 | ||||||
McKesson Corp. 4.75%, 3/1/2021 (b) | 50,000 | 53,253 | ||||||
Quest Diagnostics, Inc. 6.40%, 7/1/2017 | 15,000 | 16,886 | ||||||
UnitedHealth Group, Inc. 3.88%, 10/15/2020 | 50,000 | 52,488 | ||||||
WellPoint, Inc. 3.13%, 5/15/2022 | 50,000 | 46,888 | ||||||
569,040 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.8% | ||||||||
Darden Restaurants, Inc. 6.80%, 10/15/2037 | 25,000 | 25,454 | ||||||
International Game Technology 5.50%, 6/15/2020 (b) | 35,000 | 36,727 | ||||||
Marriott International, Inc.: | ||||||||
3.38%, 10/15/2020 | 83,000 | 82,137 | ||||||
6.38%, 6/15/2017 | 50,000 | 56,592 | ||||||
McDonald’s Corp. 5.35%, 3/1/2018 | 20,000 | 22,805 | ||||||
Starbucks Corp. 6.25%, 8/15/2017 | 35,000 | 39,990 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. 6.75%, 5/15/2018 | 75,000 | 87,385 | ||||||
Wyndham Worldwide Corp.: | ||||||||
2.50%, 3/1/2018 | 50,000 | 49,243 | ||||||
4.25%, 3/1/2022 | 50,000 | 48,298 | ||||||
Yum! Brands, Inc.: | ||||||||
3.88%, 11/1/2020 (b) | 25,000 | 25,026 | ||||||
6.88%, 11/15/2037 | 32,000 | 36,659 | ||||||
510,316 | ||||||||
HOUSEHOLD DURABLES — 1.5% | ||||||||
MDC Holdings, Inc. 5.38%, 7/1/2015 | 200,000 | 210,000 | ||||||
Mohawk Industries, Inc. 3.85%, 2/1/2023 | 100,000 | 94,785 | ||||||
Newell Rubbermaid, Inc. 4.70%, 8/15/2020 | 50,000 | 52,739 | ||||||
Whirlpool Corp. 4.85%, 6/15/2021 | 50,000 | 53,189 | ||||||
410,713 | ||||||||
HOUSEHOLD PRODUCTS — 0.8% | ||||||||
Church & Dwight Co., Inc. 3.35%, 12/15/2015 | 25,000 | 25,792 | ||||||
Colgate-Palmolive Co. 3.15%, 8/5/2015 | 25,000 | 26,057 | ||||||
Energizer Holdings, Inc. 4.70%, 5/19/2021 (b) | 50,000 | 50,912 | ||||||
Kimberly-Clark Corp. 6.25%, 7/15/2018 | 25,000 | 29,579 | ||||||
The Clorox Co. 3.80%, 11/15/2021 | 50,000 | 50,143 | ||||||
The Procter & Gamble Co. 1.80%, 11/15/2015 | 50,000 | 51,147 | ||||||
233,630 | ||||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.2% | ||||||||
TransAlta Corp. 6.65%, 5/15/2018 | 50,000 | 56,466 | ||||||
INDUSTRIAL CONGLOMERATES — 0.8% | ||||||||
3M Co. 1.38%, 9/29/2016 | 50,000 | 50,757 | ||||||
Cooper US, Inc. 2.38%, 1/15/2016 | 25,000 | 25,557 | ||||||
Koninklijke Philips Electronics NV 6.88%, 3/11/2038 (b) | 25,000 | 30,741 | ||||||
Pentair Finance SA 5.00%, 5/15/2021 | 50,000 | 52,327 | ||||||
Tyco Electronics Group SA 4.88%, 1/15/2021 | 50,000 | 51,861 | ||||||
211,243 | ||||||||
INSURANCE — 8.5% | ||||||||
ACE INA Holdings, Inc.: | ||||||||
2.60%, 11/23/2015 | 50,000 | 51,654 | ||||||
2.70%, 3/13/2023 | 25,000 | 22,868 | ||||||
4.15%, 3/13/2043 | 25,000 | 22,476 | ||||||
AEGON Funding Co. LLC 5.75%, 12/15/2020 | 35,000 | 39,234 | ||||||
Aegon NV 4.63%, 12/1/2015 (b) | 150,000 | 159,746 | ||||||
Aflac, Inc. 6.45%, 8/15/2040 | 50,000 | 58,184 | ||||||
American International Group, Inc.: | ||||||||
5.05%, 10/1/2015 | 50,000 | 53,589 | ||||||
5.45%, 5/18/2017 | 35,000 | 39,064 | ||||||
6.40%, 12/15/2020 (b) | 20,000 | 23,611 | ||||||
AON Corp. 3.13%, 5/27/2016 (b) | 35,000 | 36,410 | ||||||
Assurant, Inc. 6.75%, 2/15/2034 | 50,000 | 53,457 | ||||||
Berkshire Hathaway Finance Corp.: | ||||||||
0.95%, 8/15/2016 | 50,000 | 50,044 | ||||||
2.00%, 8/15/2018 | 50,000 | 49,698 | ||||||
Berkshire Hathaway, Inc. 4.50%, 2/11/2043 (b) | 25,000 | 23,036 |
See accompanying notes to financial statements.
149
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Cincinnati Financial Corp. 6.13%, 11/1/2034 | $ | 50,000 | $ | 52,281 | ||||
CNA Financial Corp. 5.75%, 8/15/2021 | 25,000 | 27,923 | ||||||
Endurance Specialty Holdings, Ltd. 7.00%, 7/15/2034 | 50,000 | 54,635 | ||||||
Genworth Financial, Inc. 6.52%, 5/22/2018 (b) | 100,000 | 113,531 | ||||||
Hartford Financial Services Group, Inc. 4.30%, 4/15/2043 (b) | 21,000 | 18,326 | ||||||
ING US, Inc.: | ||||||||
2.90%, 2/15/2018 | 50,000 | 50,999 | ||||||
5.50%, 7/15/2022 (b) | 50,000 | 54,223 | ||||||
5.70%, 7/15/2043 | 25,000 | 26,307 | ||||||
Lincoln National Corp.: | ||||||||
4.00%, 9/1/2023 | 150,000 | 147,544 | ||||||
6.25%, 2/15/2020 | 25,000 | 28,822 | ||||||
Loews Corp. 6.00%, 2/1/2035 | 25,000 | 27,556 | ||||||
Manulife Financial Corp. 4.90%, 9/17/2020 | 120,000 | 126,967 | ||||||
Markel Corp. 7.13%, 9/30/2019 | 50,000 | 59,251 | ||||||
Marsh & McLennan Cos., Inc.: | ||||||||
4.05%, 10/15/2023 | 25,000 | 24,548 | ||||||
4.80%, 7/15/2021 | 50,000 | 53,058 | ||||||
5.38%, 7/15/2014 | 50,000 | 51,204 | ||||||
MetLife, Inc. 6.82%, 8/15/2018 | 25,000 | 29,878 | ||||||
Principal Financial Group, Inc. 8.88%, 5/15/2019 | 50,000 | 63,652 | ||||||
Reinsurance Group of America, Inc. 6.45%, 11/15/2019 | 50,000 | 57,372 | ||||||
The Allstate Corp.: | ||||||||
3.15%, 6/15/2023 (b) | 100,000 | 94,440 | ||||||
4.50%, 6/15/2043 (b) | 50,000 | 47,452 | ||||||
The Progressive Corp. 3.75%, 8/23/2021 | 50,000 | 50,806 | ||||||
The Travelers Cos., Inc.: | ||||||||
3.90%, 11/1/2020 | 50,000 | 52,422 | ||||||
4.60%, 8/1/2043 | 50,000 | 48,077 | ||||||
Transatlantic Holdings, Inc. 8.00%, 11/30/2039 (b) | 25,000 | 30,780 | ||||||
Travelers Property Casualty Corp. 6.38%, 3/15/2033 | 50,000 | 59,483 | ||||||
Unum Group 7.13%, 9/30/2016 | 50,000 | 56,792 | ||||||
W.R. Berkley Corp. 6.25%, 2/15/2037 | 50,000 | 55,248 | ||||||
XL Group PLC 6.38%, 11/15/2024 | 50,000 | 57,490 | ||||||
XLIT, Ltd. 5.75%, 10/1/2021 | 50,000 | 56,285 | ||||||
2,360,423 | ||||||||
INTERNET & CATALOG RETAIL — 0.1% | ||||||||
Expedia, Inc. 5.95%, 8/15/2020 | 35,000 | 37,450 | ||||||
INTERNET SOFTWARE & SERVICES — 0.4% | ||||||||
Google, Inc.: | ||||||||
2.13%, 5/19/2016 | 50,000 | 51,662 | ||||||
3.63%, 5/19/2021 (b) | 50,000 | 51,863 | ||||||
103,525 | ||||||||
IT SERVICES — 0.9% | ||||||||
Fiserv, Inc.: | ||||||||
3.13%, 6/15/2016 (b) | 35,000 | 36,439 | ||||||
4.63%, 10/1/2020 | 100,000 | 104,218 | ||||||
International Business Machines Corp. 5.70%, 9/14/2017 | 50,000 | 57,286 | ||||||
Leidos Holdings, Inc. 4.45%, 12/1/2020 (b) | 50,000 | 49,830 | ||||||
247,773 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.1% | ||||||||
Mattel, Inc.: | ||||||||
2.50%, 11/1/2016 | 20,000 | 20,628 | ||||||
6.20%, 10/1/2040 | 10,000 | 10,980 | ||||||
31,608 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.2% | ||||||||
Thermo Fisher Scientific, Inc. 2.25%, 8/15/2016 | 50,000 | 51,396 | ||||||
MACHINERY — 2.4% | ||||||||
Caterpillar, Inc. 3.90%, 5/27/2021 (b) | 50,000 | 51,932 | ||||||
Cummins, Inc.: | ||||||||
3.65%, 10/1/2023 (b) | 56,000 | 55,331 | ||||||
7.13%, 3/1/2028 | 25,000 | 31,374 | ||||||
Danaher Corp. 5.40%, 3/1/2019 | 50,000 | 56,680 | ||||||
Deere & Co. 5.38%, 10/16/2029 | 25,000 | 27,916 | ||||||
Dover Corp. 5.38%, 3/1/2041 | 35,000 | 36,959 | ||||||
Eaton Corp.: | ||||||||
2.75%, 11/2/2022 (b) | 25,000 | 23,300 | ||||||
6.95%, 3/20/2019 | 25,000 | 29,780 | ||||||
Harsco Corp. 2.70%, 10/15/2015 | 50,000 | 50,756 | ||||||
Illinois Tool Works, Inc. 4.88%, 9/15/2041 | 25,000 | 24,921 | ||||||
Ingersoll-Rand Global Holding Co., Ltd. 6.88%, 8/15/2018 (b) | 35,000 | 41,079 | ||||||
Parker Hannifin Corp.: | ||||||||
5.50%, 5/15/2018 | 50,000 | 57,093 | ||||||
6.25%, 5/15/2038 | 25,000 | 29,587 | ||||||
Stanley Black & Decker, Inc. 5.20%, 9/1/2040 | 35,000 | 35,526 | ||||||
Xylem, Inc. 3.55%, 9/20/2016 | 115,000 | 121,682 | ||||||
673,916 | ||||||||
MEDIA — 3.2% | ||||||||
CBS Corp. 7.88%, 7/30/2030 | 75,000 | 92,843 | ||||||
Comcast Corp. 4.65%, 7/15/2042 | 50,000 | 46,312 |
See accompanying notes to financial statements.
150
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
5.20%, 3/15/2020 (b) | $ | 25,000 | $ | 27,195 | ||||
6.38%, 3/1/2041 (b) | 25,000 | 25,918 | ||||||
Discovery Communications LLC 5.63%, 8/15/2019 | 35,000 | 39,550 | ||||||
Grupo Televisa SAB 8.50%, 3/11/2032 | 50,000 | 62,478 | ||||||
NBCUniversal Media LLC 5.15%, 4/30/2020 (b) | 75,000 | 83,512 | ||||||
News America, Inc. 6.20%, 12/15/2034 | 50,000 | 55,343 | ||||||
Omnicom Group, Inc. 6.25%, 7/15/2019 | 50,000 | 57,717 | ||||||
The Interpublic Group of Cos., Inc.: | ||||||||
2.25%, 11/15/2017 (b) | 50,000 | 49,563 | ||||||
4.00%, 3/15/2022 | 50,000 | 47,614 | ||||||
The McGraw-Hill Cos., Inc. 6.55%, 11/15/2037 | 25,000 | 23,575 | ||||||
The Walt Disney Co.: | ||||||||
0.45%, 12/1/2015 | 25,000 | 24,964 | ||||||
2.35%, 12/1/2022 | 25,000 | 22,801 | ||||||
2.75%, 8/16/2021 | 25,000 | 23,904 | ||||||
3.70%, 12/1/2042 | 25,000 | 21,083 | ||||||
Time Warner Cable, Inc. 6.55%, 5/1/2037 | 50,000 | 46,105 | ||||||
Time Warner, Inc. 4.70%, 1/15/2021 (b) | 50,000 | 53,210 | ||||||
Viacom, Inc. 4.25%, 9/15/2015 | 25,000 | 26,438 | ||||||
WPP Finance UK 8.00%, 9/15/2014 | 50,000 | 52,488 | ||||||
882,613 | ||||||||
METALS & MINING — 1.9% | ||||||||
Alcoa, Inc.: | ||||||||
5.40%, 4/15/2021 | 25,000 | 25,592 | ||||||
5.95%, 2/1/2037 (b) | 50,000 | 46,475 | ||||||
Allegheny Technologies, Inc. 9.38%, 6/1/2019 | 50,000 | 60,561 | ||||||
BHP Billiton Finance USA, Ltd. 6.50%, 4/1/2019 | 35,000 | 41,965 | ||||||
Freeport-McMoRan Copper & Gold, Inc. 3.55%, 3/1/2022 (b) | 50,000 | 47,085 | ||||||
Newmont Mining Corp. 5.88%, 4/1/2035 (b) | 25,000 | 21,190 | ||||||
Nucor Corp. 6.40%, 12/1/2037 | 25,000 | 28,095 | ||||||
Reliance Steel & Aluminum Co. 6.85%, 11/15/2036 | 100,000 | 100,614 | ||||||
Southern Copper Corp. 7.50%, 7/27/2035 | 25,000 | 25,825 | ||||||
Teck Resources, Ltd. 4.75%, 1/15/2022 (b) | 28,000 | 28,209 | ||||||
Vale Overseas, Ltd. 6.88%, 11/10/2039 (b) | 25,000 | 26,017 | ||||||
Xstrata Canada Corp.: | ||||||||
5.38%, 6/1/2015 | 50,000 | 52,824 | ||||||
6.20%, 6/15/2035 | 25,000 | 24,432 | ||||||
528,884 | ||||||||
MULTI-UTILITIES — 1.2% | ||||||||
American Water Capital Corp. 6.09%, 10/15/2017 | 35,000 | 39,578 | ||||||
Dominion Resources, Inc. 5.60%, 11/15/2016 (b) | 50,000 | 55,717 | ||||||
MidAmerican Energy Holdings Co. 6.13%, 4/1/2036 | 50,000 | 56,798 | ||||||
NSTAR 4.50%, 11/15/2019 | 25,000 | 27,064 | ||||||
Sempra Energy 6.00%, 10/15/2039 | 25,000 | 27,722 | ||||||
United Utilities PLC 6.88%, 8/15/2028 | 50,000 | 53,925 | ||||||
Veolia Environnement SA 6.75%, 6/1/2038 | 25,000 | 27,571 | ||||||
Xcel Energy, Inc. 4.70%, 5/15/2020 | 50,000 | 54,524 | ||||||
342,899 | ||||||||
MULTILINE RETAIL — 0.5% | ||||||||
Kohl’s Corp. 6.88%, 12/15/2037 | 25,000 | 27,946 | ||||||
Macy’s Retail Holdings, Inc.: | ||||||||
3.88%, 1/15/2022 (b) | 25,000 | 24,775 | ||||||
6.70%, 7/15/2034 | 25,000 | 28,344 | ||||||
Nordstrom, Inc. 4.00%, 10/15/2021 | 50,000 | 51,321 | ||||||
132,386 | ||||||||
OFFICE ELECTRONICS — 0.2% | ||||||||
Xerox Corp. 4.50%, 5/15/2021 | 45,000 | 45,826 | ||||||
OIL, GAS & CONSUMABLE FUELS — 9.9% | ||||||||
Anadarko Petroleum Corp.: | ||||||||
5.95%, 9/15/2016 | 25,000 | 27,878 | ||||||
6.45%, 9/15/2036 (b) | 75,000 | 84,633 | ||||||
Baker Hughes, Inc. 3.20%, 8/15/2021 | 50,000 | 49,640 | ||||||
Boardwalk Pipelines LP 5.88%, 11/15/2016 | 25,000 | 27,694 | ||||||
BP Capital Markets PLC 3.25%, 5/6/2022 (b) | 50,000 | 48,422 | ||||||
Buckeye Partners LP 4.88%, 2/1/2021 | 50,000 | 50,830 | ||||||
Canadian Natural Resources, Ltd. 6.50%, 2/15/2037 | 50,000 | 57,241 | ||||||
Cenovus Energy, Inc.: | ||||||||
5.70%, 10/15/2019 | 50,000 | 56,873 | ||||||
6.75%, 11/15/2039 (b) | 25,000 | 29,690 | ||||||
Chevron Corp. 4.95%, 3/3/2019 | 35,000 | 39,721 | ||||||
DCP Midstream Operating LP 3.25%, 10/1/2015 | 50,000 | 51,020 | ||||||
Diamond Offshore Drilling, Inc. 5.88%, 5/1/2019 (b) | 50,000 | 58,002 | ||||||
El Paso Natural Gas Co. LLC 8.38%, 6/15/2032 | 25,000 | 32,014 |
See accompanying notes to financial statements.
151
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Enbridge Energy Partners LP 4.20%, 9/15/2021 (b) | $ | 100,000 | $ | 100,800 | ||||
Energy Transfer Partners LP 9.00%, 4/15/2019 | 25,000 | �� | 31,726 | |||||
ENI USA, Inc. 7.30%, 11/15/2027 | 60,000 | 74,664 | ||||||
Ensco PLC 4.70%, 3/15/2021 (b) | 50,000 | 52,949 | ||||||
Enterprise Products Operating LLC: | ||||||||
3.35%, 3/15/2023 | 50,000 | 47,415 | ||||||
4.85%, 3/15/2044 | 50,000 | 47,034 | ||||||
EOG Resources, Inc. 4.40%, 6/1/2020 | 50,000 | 53,194 | ||||||
EQT Corp. 6.50%, 4/1/2018 | 50,000 | 56,298 | ||||||
Hess Corp.: | ||||||||
5.60%, 2/15/2041 | 50,000 | 52,099 | ||||||
7.88%, 10/1/2029 | 25,000 | 31,827 | ||||||
Husky Energy, Inc. 5.90%, 6/15/2014 | 25,000 | 25,589 | ||||||
Kinder Morgan Energy Partners LP 6.50%, 9/1/2039 | 35,000 | 38,769 | ||||||
Magellan Midstream Partners LP 6.55%, 7/15/2019 | 50,000 | 59,310 | ||||||
Marathon Oil Corp. 6.60%, 10/1/2037 | 25,000 | 29,756 | ||||||
Marathon Petroleum Corp. 5.13%, 3/1/2021 (b) | 50,000 | 54,162 | ||||||
Murphy Oil Corp. 7.05%, 5/1/2029 | 50,000 | 53,515 | ||||||
Noble Energy, Inc.: | ||||||||
4.15%, 12/15/2021 (b) | 50,000 | 51,270 | ||||||
8.25%, 3/1/2019 | 25,000 | 31,051 | ||||||
Noble Holding International, Ltd. 4.63%, 3/1/2021 | 50,000 | 51,528 | ||||||
Occidental Petroleum Corp. 4.10%, 2/1/2021 | 50,000 | 52,420 | ||||||
ONEOK Partners LP: | ||||||||
3.25%, 2/1/2016 | 30,000 | 31,283 | ||||||
6.13%, 2/1/2041 | 65,000 | 69,164 | ||||||
ONEOK, Inc. 5.20%, 6/15/2015 | 50,000 | 52,850 | ||||||
Petro-Canada: | ||||||||
6.05%, 5/15/2018 | 25,000 | 28,813 | ||||||
6.80%, 5/15/2038 | 50,000 | 60,225 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. 5.75%, 1/15/2020 | 50,000 | 57,047 | ||||||
Rowan Cos., Inc. 7.88%, 8/1/2019 | 35,000 | 42,254 | ||||||
Shell International Finance BV 4.30%, 9/22/2019 | 25,000 | 27,417 | ||||||
Southern Natural Gas Co. 8.00%, 3/1/2032 | 25,000 | 31,697 | ||||||
Spectra Energy Capital LLC: | ||||||||
4.60%, 6/15/2021 (b) | 60,000 | 61,494 | ||||||
8.00%, 10/1/2019 | 50,000 | 60,643 | ||||||
Sunoco Logistics Partners Operations LP: | ||||||||
3.45%, 1/15/2023 | 50,000 | 45,935 | ||||||
4.65%, 2/15/2022 | 15,000 | 15,103 | ||||||
4.95%, 1/15/2043 | 50,000 | 44,770 | ||||||
Talisman Energy, Inc.: | ||||||||
5.50%, 5/15/2042 (b) | 25,000 | 23,816 | ||||||
5.85%, 2/1/2037 | 25,000 | 24,394 | ||||||
The Williams Cos., Inc. 7.50%, 1/15/2031 | 50,000 | 53,258 | ||||||
Total Capital SA 4.25%, 12/15/2021 | 25,000 | 26,457 | ||||||
TransCanada Pipelines, Ltd. 6.20%, 10/15/2037 | 25,000 | 28,590 | ||||||
Transocean, Inc.: | ||||||||
6.38%, 12/15/2021 (b) | 50,000 | 56,043 | ||||||
6.80%, 3/15/2038 (b) | 50,000 | 55,645 | ||||||
Valero Energy Corp.: | ||||||||
6.63%, 6/15/2037 (b) | 25,000 | 28,516 | ||||||
9.38%, 3/15/2019 | 35,000 | 45,504 | ||||||
Weatherford International, Inc. 6.35%, 6/15/2017 | 50,000 | 56,800 | ||||||
Williams Partners LP 4.13%, 11/15/2020 | 75,000 | 76,563 | ||||||
XTO Energy, Inc. 6.25%, 8/1/2017 | 50,000 | 57,710 | ||||||
2,771,025 | ||||||||
PAPER & FOREST PRODUCTS — 0.6% | ||||||||
International Paper Co. 9.38%, 5/15/2019 | 50,000 | 65,305 | ||||||
Plum Creek Timberlands LP 3.25%, 3/15/2023 | 100,000 | 89,906 | ||||||
155,211 | ||||||||
PERSONAL PRODUCTS — 0.3% | ||||||||
Avon Products, Inc. 4.20%, 7/15/2018 | 25,000 | 25,689 | ||||||
The Estee Lauder Cos., Inc. 6.00%, 5/15/2037 | 50,000 | 56,875 | ||||||
82,564 | ||||||||
PHARMACEUTICALS — 3.5% | ||||||||
Abbott Laboratories 6.15%, 11/30/2037 | 25,000 | 29,785 | ||||||
AbbVie, Inc. 4.40%, 11/6/2042 | 50,000 | 46,553 | ||||||
Allergan, Inc. 5.75%, 4/1/2016 (b) | 100,000 | 109,236 | ||||||
Allergan, Inc./United States 3.38%, 9/15/2020 | 25,000 | 25,478 | ||||||
AstraZeneca PLC: | ||||||||
4.00%, 9/18/2042 | 50,000 | 43,477 | ||||||
5.90%, 9/15/2017 | 25,000 | 28,573 | ||||||
Bristol-Myers Squibb Co. 6.13%, 5/1/2038 | 25,000 | 29,539 | ||||||
Eli Lilly & Co. 5.20%, 3/15/2017 | 50,000 | 56,039 | ||||||
Express Scripts Holding Co. 6.13%, 11/15/2041 | 25,000 | 28,199 | ||||||
GlaxoSmithKline Capital PLC 1.50%, 5/8/2017 | 50,000 | 50,020 |
See accompanying notes to financial statements.
152
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
GlaxoSmithKline Capital, Inc. 5.38%, 4/15/2034 | $ | 25,000 | $ | 26,863 | ||||
Johnson & Johnson 5.85%, 7/15/2038 | 25,000 | 29,585 | ||||||
Mead Johnson Nutrition Co. 4.90%, 11/1/2019 | 50,000 | 54,439 | ||||||
Merck & Co, Inc. 3.88%, 1/15/2021 | 50,000 | 52,572 | ||||||
Mylan, Inc. 2.60%, 6/24/2018 (a) | 100,000 | 100,685 | ||||||
Novartis Capital Corp. 2.90%, 4/24/2015 | 25,000 | 25,796 | ||||||
Pfizer, Inc.: | ||||||||
0.90%, 1/15/2017 (b) | 50,000 | 49,753 | ||||||
1.50%, 6/15/2018 | 25,000 | 24,587 | ||||||
3.00%, 6/15/2023 (b) | 25,000 | 23,600 | ||||||
4.30%, 6/15/2043 (b) | 25,000 | 23,429 | ||||||
Watson Pharmaceuticals, Inc. 6.13%, 8/15/2019 | 25,000 | 28,849 | ||||||
Zoetis, Inc.: | ||||||||
3.25%, 2/1/2023 | 50,000 | 46,777 | ||||||
4.70%, 2/1/2043 | 50,000 | 47,036 | ||||||
980,870 | ||||||||
PROFESSIONAL SERVICES — 0.2% | ||||||||
The Dun & Bradstreet Corp. 2.88%, 11/15/2015 | 50,000 | 51,465 | ||||||
REAL ESTATE INVESTMENT TRUSTS — 7.5% | ||||||||
Alexandria Real Estate Equities, Inc. 4.60%, 4/1/2022 | 100,000 | 101,040 | ||||||
AvalonBay Communities, Inc. 5.70%, 3/15/2017 | 50,000 | 55,653 | ||||||
BioMed Realty LP 3.85%, 4/15/2016 | 50,000 | 52,212 | ||||||
Boston Properties LP 4.13%, 5/15/2021 | 50,000 | 50,850 | ||||||
Camden Property Trust 4.63%, 6/15/2021 | 175,000 | 183,401 | ||||||
DDR Corp.: | ||||||||
3.38%, 5/15/2023 | 100,000 | 91,276 | ||||||
4.75%, 4/15/2018 | 100,000 | 108,003 | ||||||
Digital Realty Trust LP 3.63%, 10/1/2022 | 150,000 | 136,243 | ||||||
Duke Realty LP 6.75%, 3/15/2020 | 25,000 | 28,453 | ||||||
ERP Operating LP 5.25%, 9/15/2014 | 50,000 | 51,591 | ||||||
HCP, Inc.: | ||||||||
3.75%, 2/1/2019 (b) | 75,000 | 78,108 | ||||||
5.38%, 2/1/2021 | 25,000 | 27,122 | ||||||
Health Care REIT, Inc. 6.13%, 4/15/2020 | 100,000 | 113,566 | ||||||
Hospitality Properties Trust 5.00%, 8/15/2022 | 100,000 | 99,289 | ||||||
Host Hotels & Resorts LP: | ||||||||
3.75%, 10/15/2023 (b) | 50,000 | 46,427 | ||||||
6.00%, 10/1/2021 | 75,000 | 81,942 | ||||||
Kilroy Realty LP 5.00%, 11/3/2015 | 50,000 | 53,024 | ||||||
Kimco Realty Corp. 4.30%, 2/1/2018 | 50,000 | 53,296 | ||||||
Liberty Property LP: | ||||||||
4.75%, 10/1/2020 | 70,000 | 72,793 | ||||||
6.63%, 10/1/2017 | 25,000 | 28,459 | ||||||
Mack-Cali Realty LP 7.75%, 8/15/2019 | 50,000 | 60,085 | ||||||
National Retail Properties, Inc. 3.80%, 10/15/2022 | 100,000 | 94,840 | ||||||
Realty Income Corp. 6.75%, 8/15/2019 | 50,000 | 58,343 | ||||||
Regency Centers LP 5.25%, 8/1/2015 | 50,000 | 52,934 | ||||||
Senior Housing Properties Trust 4.30%, 1/15/2016 | 50,000 | 51,560 | ||||||
Simon Property Group LP 6.13%, 5/30/2018 (b) | 50,000 | 57,897 | ||||||
UDR, Inc. 5.25%, 1/15/2015 | 50,000 | 52,118 | ||||||
Ventas Realty LP/Ventas Capital Corp.: | ||||||||
3.13%, 11/30/2015 | 15,000 | 15,549 | ||||||
4.75%, 6/1/2021 | 25,000 | 26,262 | ||||||
Weyerhaeuser Co.: | ||||||||
4.63%, 9/15/2023 | 50,000 | 50,850 | ||||||
7.38%, 3/15/2032 | 50,000 | 61,047 | ||||||
2,094,233 | ||||||||
ROAD & RAIL — 2.1% | ||||||||
Burlington Northern Santa Fe LLC: | ||||||||
3.00%, 3/15/2023 | 50,000 | 46,409 | ||||||
4.45%, 3/15/2043 (b) | 50,000 | 45,576 | ||||||
Canadian National Railway Co.: | ||||||||
2.85%, 12/15/2021 | 50,000 | 47,904 | ||||||
6.20%, 6/1/2036 | 25,000 | 29,673 | ||||||
Canadian Pacific Railway Co. 4.45%, 3/15/2023 | 50,000 | 51,300 | ||||||
CSX Corp. 3.70%, 10/30/2020 | 50,000 | 51,499 | ||||||
JB Hunt Transport Services, Inc. 3.38%, 9/15/2015 | 50,000 | 50,787 | ||||||
Norfolk Southern Corp.: | ||||||||
2.90%, 2/15/2023 | 32,000 | 29,623 | ||||||
3.25%, 12/1/2021 | 25,000 | 24,373 | ||||||
Ryder System, Inc.: | ||||||||
2.35%, 2/26/2019 | 50,000 | 48,208 | ||||||
3.15%, 3/2/2015 | 50,000 | 51,231 | ||||||
Union Pacific Corp.: | ||||||||
4.16%, 7/15/2022 | 50,000 | 51,618 | ||||||
4.30%, 6/15/2042 (b) | 25,000 | 22,638 | ||||||
5.13%, 2/15/2014 | 25,000 | 25,134 | ||||||
575,973 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.4% | ||||||||
Applied Materials, Inc. 5.85%, 6/15/2041 | 30,000 | 31,062 | ||||||
Intel Corp. 4.80%, 10/1/2041 | 35,000 | 33,469 |
See accompanying notes to financial statements.
153
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Texas Instruments, Inc. 1.38%, 5/15/2014 | $ | 50,000 | $ | 50,181 | ||||
114,712 | ||||||||
SOFTWARE — 1.1% | ||||||||
Adobe Systems, Inc. 3.25%, 2/1/2015 | 25,000 | 25,668 | ||||||
CA, Inc. 5.38%, 12/1/2019 (b) | 50,000 | 54,948 | ||||||
Microsoft Corp. 1.63%, 9/25/2015 | 50,000 | 50,973 | ||||||
Oracle Corp.: | ||||||||
1.20%, 10/15/2017 | 50,000 | 49,290 | ||||||
6.13%, 7/8/2039 | 25,000 | 29,247 | ||||||
Symantec Corp.: | ||||||||
2.75%, 9/15/2015 | 50,000 | 51,531 | ||||||
3.95%, 6/15/2022 | 50,000 | 48,745 | ||||||
310,402 | ||||||||
SPECIALTY RETAIL — 2.2% | ||||||||
AutoZone, Inc.: | ||||||||
2.88%, 1/15/2023 (b) | 50,000 | 44,859 | ||||||
5.75%, 1/15/2015 | 46,000 | 48,318 | ||||||
Dollar General Corp. 3.25%, 4/15/2023 (b) | 75,000 | 68,440 | ||||||
Lowe’s Cos., Inc. 3.75%, 4/15/2021 | 50,000 | 51,422 | ||||||
O’Reilly Automotive, Inc. 4.63%, 9/15/2021 | 25,000 | 25,846 | ||||||
QVC, Inc.: | ||||||||
5.13%, 7/2/2022 | 50,000 | 49,383 | ||||||
5.95%, 3/15/2043 | 75,000 | 66,551 | ||||||
Staples, Inc.: | ||||||||
2.75%, 1/12/2018 (b) | 50,000 | 50,309 | ||||||
4.38%, 1/12/2023 (b) | 50,000 | 48,077 | ||||||
The Gap, Inc. 5.95%, 4/12/2021 (b) | 50,000 | 55,248 | ||||||
The Home Depot, Inc. 5.40%, 9/15/2040 | 25,000 | 26,848 | ||||||
TJX Cos., Inc. 6.95%, 4/15/2019 | 75,000 | 89,232 | ||||||
624,533 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.6% | ||||||||
NIKE, Inc.: | ||||||||
2.25%, 5/1/2023 | 75,000 | 67,549 | ||||||
3.63%, 5/1/2043 | 75,000 | 63,961 | ||||||
V.F. Corp. 6.45%, 11/1/2037 | 25,000 | 29,639 | ||||||
161,149 | ||||||||
TOBACCO — 1.1% | ||||||||
Altria Group, Inc.: | ||||||||
2.95%, 5/2/2023 | 50,000 | 45,367 | ||||||
4.50%, 5/2/2043 (b) | 25,000 | 22,222 | ||||||
9.25%, 8/6/2019 | 25,000 | 33,013 | ||||||
Lorillard Tobacco Co. 3.50%, 8/4/2016 | 25,000 | 26,302 | ||||||
Philip Morris International, Inc.: | ||||||||
1.13%, 8/21/2017 | 50,000 | 49,098 | ||||||
3.88%, 8/21/2042 (b) | 50,000 | 42,318 | ||||||
Reynolds American, Inc.: | ||||||||
3.25%, 11/1/2022 (b) | 50,000 | 46,148 | ||||||
7.75%, 6/1/2018 (b) | 25,000 | 30,237 | ||||||
294,705 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.3% | ||||||||
GATX Corp.: | ||||||||
2.38%, 7/30/2018 | 23,000 | 22,526 | ||||||
8.75%, 5/15/2014 | 50,000 | 51,492 | ||||||
74,018 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 1.9% | ||||||||
America Movil SAB de CV 6.13%, 3/30/2040 (b) | 100,000 | 106,509 | ||||||
American Tower Corp. 4.50%, 1/15/2018 | 50,000 | 53,644 | ||||||
Cellco Partnership/Verizon Wireless Capital LLC 8.50%, 11/15/2018 (b) | 25,000 | 31,790 | ||||||
Deutsche Telekom International Finance BV 8.75%, 6/15/2030 (b) | 20,000 | 27,936 | ||||||
Embarq Corp. 7.08%, 6/1/2016 (b) | 50,000 | 55,750 | ||||||
France Telecom SA 4.38%, 7/8/2014 | 50,000 | 50,945 | ||||||
Koninklijke KPN NV 8.38%, 10/1/2030 | 35,000 | 44,369 | ||||||
Rogers Communications, Inc. 6.38%, 3/1/2014 | 50,000 | 50,477 | ||||||
Telefonica Emisiones SAU 3.99%, 2/16/2016 (b) | 50,000 | 52,525 | ||||||
US Cellular Corp. 6.70%, 12/15/2033 | 50,000 | 47,393 | ||||||
521,338 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $27,361,399) | 27,245,593 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 12.6% | ||||||||
MONEY MARKET FUNDS — 12.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 3,005,483 | 3,005,483 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 496,327 | 496,327 | ||||||
TOTAL SHORT TERM INVESTMENTS — (f) | ||||||||
(Cost $3,501,810) | 3,501,810 | |||||||
TOTAL INVESTMENTS — 110.2% (g) | ||||||||
(Cost $30,863,209) | 30,747,403 | |||||||
OTHER ASSETS & LIABILITIES — (10.2)% | (2,838,680 | ) | ||||||
NET ASSETS — 100.0% | $ | 27,908,723 | ||||||
See accompanying notes to financial statements.
154
SPDR Barclays Issuer Scored Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
(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, 2013, 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, 2013. | |||||
(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) |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
155
SPDR Barclays Convertible Securities ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CONVERTIBLE CORPORATE BONDS & NOTES — 75.3% | ||||||||
AEROSPACE & DEFENSE — 0.8% | ||||||||
L-3 Communications Holdings, Inc. 3.00%, 8/1/2035 | $ | 12,646,000 | $ | 15,207,574 | ||||
AUTOMOBILES — 3.0% | ||||||||
Ford Motor Co. 4.25%, 11/15/2016 (a) | 16,763,000 | 30,768,822 | ||||||
Navistar International Corp. 3.00%, 10/15/2014 | 10,522,000 | 10,864,175 | ||||||
Tesla Motors, Inc. 1.50%, 6/1/2018 | 13,308,000 | 18,399,375 | ||||||
60,032,372 | ||||||||
BIOTECHNOLOGY — 8.0% | ||||||||
Dendreon Corp. 2.88%, 1/15/2016 | 11,101,000 | 6,882,620 | ||||||
Gilead Sciences, Inc.: | ||||||||
1.00%, 5/1/2014 | 18,034,000 | 60,067,286 | ||||||
1.63%, 5/1/2016 | 21,407,000 | 70,777,750 | ||||||
Illumina, Inc. 0.25%, 3/15/2016 (b) | 17,140,000 | 23,756,383 | ||||||
161,484,039 | ||||||||
BUILDING PRODUCTS — 2.9% | ||||||||
Cemex SAB de CV: | ||||||||
3.25%, 3/15/2016 | 19,187,000 | 25,151,471 | ||||||
3.75%, 3/15/2018 (a) | 12,788,000 | 17,269,683 | ||||||
4.88%, 3/15/2015 | 13,280,000 | 15,703,998 | ||||||
58,125,152 | ||||||||
CAPITAL MARKETS — 0.6% | ||||||||
Ares Capital Corp. 5.75%, 2/1/2016 | 10,698,000 | 11,571,171 | ||||||
COMMUNICATIONS EQUIPMENT — 1.1% | ||||||||
Ciena Corp. 0.88%, 6/15/2017 (a) | 10,800,000 | 11,126,484 | ||||||
JDS Uniphase Corp. 0.63%, 8/15/2033 (a)(b) | 11,850,000 | 11,842,535 | ||||||
22,969,019 | ||||||||
COMPUTERS & PERIPHERALS — 2.8% | ||||||||
SanDisk Corp.: | ||||||||
0.50%, 10/15/2020 (a)(b) | 28,500,000 | 28,188,609 | ||||||
1.50%, 8/15/2017 | 19,244,000 | 28,377,587 | ||||||
56,566,196 | ||||||||
CONTAINERS & PACKAGING — 0.7% | ||||||||
Owens-Brockway Glass Container, Inc. 3.00%, 6/1/2015 (b) | 13,003,000 | 13,565,120 | ||||||
FOOD PRODUCTS — 1.1% | ||||||||
Archer-Daniels-Midland Co. 0.88%, 2/15/2014 (a) | 21,634,000 | 22,728,680 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.5% | ||||||||
Hologic, Inc. 2.00%, 3/1/2042 (a)(c) | 9,502,000 | 9,719,311 | ||||||
HEALTH CARE PROVIDERS & SERVICES — 3.0% | ||||||||
LifePoint Hospitals, Inc. 3.50%, 5/15/2014 (a) | 11,134,000 | 12,094,419 | ||||||
Molina Healthcare, Inc. 1.13%, 1/15/2020 (a)(b) | 10,250,000 | 10,806,165 | ||||||
WellPoint, Inc. 2.75%, 10/15/2042 | 28,193,000 | 38,200,669 | ||||||
61,101,253 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 2.3% | ||||||||
International Game Technology 3.25%, 5/1/2014 (a) | 16,598,000 | 17,627,574 | ||||||
MGM Resorts International 4.25%, 4/15/2015 (a) | 21,764,000 | 29,639,086 | ||||||
47,266,660 | ||||||||
HOUSEHOLD DURABLES — 1.5% | ||||||||
D.R. Horton, Inc. 2.00%, 5/15/2014 | 9,479,000 | 16,313,359 | ||||||
Jarden Corp. 1.88%, 9/15/2018 (a) | 9,250,000 | 13,050,548 | ||||||
29,363,907 | ||||||||
INSURANCE — 0.6% | ||||||||
Old Republic International Corp. 3.75%, 3/15/2018 (a) | 9,280,000 | 11,484,278 | ||||||
INTERNET & CATALOG RETAIL — 2.4% | ||||||||
priceline.com, Inc.: | ||||||||
0.35%, 6/15/2020 (a)(b) | 18,100,000 | 20,604,678 | ||||||
1.00%, 3/15/2018 (a) | 19,500,000 | 26,978,640 | ||||||
47,583,318 | ||||||||
INTERNET SOFTWARE & SERVICES — 6.6% | ||||||||
Ctrip.com International, Ltd. 1.25%, 10/15/2018 (b) | 15,200,000 | 15,154,248 | ||||||
Qihoo 360 Technology Co., Ltd. 2.50%, 9/15/2018 (b) | 12,500,000 | 13,315,375 | ||||||
SINA Corp. 1.00%, 12/1/2018 (b) | 15,000,000 | 15,199,650 | ||||||
TIBCO Software, Inc. 2.25%, 5/1/2032 (a) | 11,164,000 | 11,144,128 | ||||||
VeriSign, Inc. 3.25%, 8/15/2037 | 23,598,000 | 42,592,502 | ||||||
Yahoo!, Inc. Zero Coupon, 12/1/2018 (b)(d) | 23,750,000 | 24,582,675 | ||||||
Yandex NV 1.13%, 12/15/2018 (a)(b) | 9,800,000 | 10,669,554 | ||||||
132,658,132 | ||||||||
MARINE — 0.7% | ||||||||
DryShips, Inc. 5.00%, 12/1/2014 | 13,678,000 | 13,746,390 | ||||||
MEDIA — 2.9% | ||||||||
Liberty Interactive LLC 0.75%, 3/30/2043 (a)(b) | 15,950,000 | 19,856,474 | ||||||
Liberty Media Corp. 1.38%, 10/15/2023 (a)(b) | 20,000,000 | 20,027,600 | ||||||
XM Satellite Radio, Inc. 7.00%, 12/1/2014 (b) | 9,515,000 | 18,519,330 | ||||||
58,403,404 | ||||||||
METALS & MINING — 4.0% | ||||||||
Alcoa, Inc. 5.25%, 3/15/2014 | 10,818,000 | 17,921,099 |
See accompanying notes to financial statements.
156
SPDR Barclays Convertible Securities ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
ArcelorMittal 5.00%, 5/15/2014 | $ | 15,556,000 | $ | 15,839,119 | ||||
Goldcorp, Inc. 2.00%, 8/1/2014 | 17,187,000 | 17,259,529 | ||||||
Newmont Mining Corp.: | ||||||||
1.25%, 7/15/2014 | 10,873,000 | 10,867,998 | ||||||
1.63%, 7/15/2017 (a) | 10,611,000 | 10,866,513 | ||||||
Sterlite Industries India, Ltd. 4.00%, 10/30/2014 | 9,100,000 | 9,025,817 | ||||||
81,780,075 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 3.0% | ||||||||
Chesapeake Energy Corp. 2.50%, 5/15/2037 (a) | 21,873,000 | 22,230,624 | ||||||
Cobalt International Energy, Inc. 2.63%, 12/1/2019 (a) | 26,865,000 | 23,823,882 | ||||||
Peabody Energy Corp. 4.75%, 12/15/2066 (a) | 14,673,000 | 11,593,622 | ||||||
USEC, Inc. 3.00%, 10/1/2014 | 10,025,000 | 3,333,312 | ||||||
60,981,440 | ||||||||
PHARMACEUTICALS — 3.2% | ||||||||
Mylan, Inc. 3.75%, 9/15/2015 (a) | 10,955,000 | 35,891,757 | ||||||
Salix Pharmaceuticals, Ltd. 1.50%, 3/15/2019 (a) | 12,500,000 | 18,502,000 | ||||||
Teva Pharmaceutical Finance Co. LLC Series C 0.25%, 2/1/2026 | 10,077,000 | 10,721,827 | ||||||
65,115,584 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.2% | ||||||||
American Realty Capital Properties, Inc. 3.00%, 8/1/2018 | 2,500,000 | 2,501,700 | ||||||
Annaly Capital Management, Inc. 5.00%, 5/15/2015 (a) | 13,771,000 | 13,971,781 | ||||||
Boston Properties LP 3.63%, 2/15/2014 (b) | 15,327,000 | 15,383,710 | ||||||
Starwood Property Trust, Inc. 4.55%, 3/1/2018 | 11,912,000 | 13,166,810 | ||||||
45,024,001 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 14.4% | ||||||||
Advanced Micro Devices, Inc. 6.00%, 5/1/2015 | 10,937,000 | 11,440,102 | ||||||
Intel Corp.: | ||||||||
2.95%, 12/15/2035 (a) | 30,719,000 | 34,380,090 | ||||||
3.25%, 8/1/2039 (a) | 37,147,000 | 50,596,071 | ||||||
Linear Technology Corp. Series A 3.00%, 5/1/2027 (a) | 15,730,000 | 17,988,356 | ||||||
Microchip Technology, Inc. 2.13%, 12/15/2037 | 21,409,000 | 37,134,767 | ||||||
Micron Technology, Inc.: | ||||||||
2.38%, 5/1/2032 (a) | 9,855,000 | 22,853,745 | ||||||
3.00%, 11/15/2043 (a) | 20,000,000 | 19,759,100 | ||||||
Novellus Systems, Inc. 2.63%, 5/15/2041 | 13,150,000 | 21,970,363 | ||||||
NVIDIA Corp. 1.00%, 12/1/2018 (b) | 28,750,000 | 29,359,500 | ||||||
SunEdison, Inc.: | ||||||||
2.00%, 10/1/2018 (b) | 3,500,000 | 3,930,780 | ||||||
2.75%, 1/1/2021 (b) | 1,000,000 | 1,116,880 | ||||||
Xilinx, Inc.: | ||||||||
2.63%, 6/15/2017 (a) | 11,851,000 | 18,906,256 | ||||||
3.13%, 3/15/2037 | 13,133,000 | 20,798,732 | ||||||
290,234,742 | ||||||||
SOFTWARE — 4.4% | ||||||||
Electronic Arts, Inc. 0.75%, 7/15/2016 (a) | 13,069,000 | 13,891,171 | ||||||
Nuance Communications, Inc. 2.75%, 11/1/2031 (a) | 13,240,000 | 12,946,231 | ||||||
Salesforce.com, Inc.: | ||||||||
0.25%, 4/1/2018 (a)(b) | 22,390,000 | 24,309,047 | ||||||
0.75%, 1/15/2015 (a) | 10,768,000 | 27,857,677 | ||||||
ServiceNow, Inc. Zero Coupon, 11/1/2018 (a)(b)(d) | 10,500,000 | 10,634,400 | ||||||
89,638,526 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.6% | ||||||||
MGIC Investment Corp. 2.00%, 4/1/2020 | 9,450,000 | 13,093,542 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 2.0% | ||||||||
Clearwire Communications LLC/Clearwire Finance, Inc. 8.25%, 12/1/2040 (b)(e) | 11,773,000 | 13,480,085 | ||||||
SBA Communications Corp. 4.00%, 10/1/2014 (a) | 9,335,000 | 27,571,389 | ||||||
41,051,474 | ||||||||
TOTAL CONVERTIBLE CORPORATE BONDS & NOTES — | ||||||||
(Cost $1,305,601,554) | 1,520,495,360 | |||||||
Shares | ||||||||
CONVERTIBLE PREFERRED STOCKS — 23.7% | ||||||||
AEROSPACE & DEFENSE — 1.3% | ||||||||
United Technologies Corp. 7.50%, 8/1/2015 (a) | 418,000 | 27,366,460 | ||||||
AUTO COMPONENTS — 0.6% | ||||||||
The Goodyear Tire & Rubber Co. 5.88%, 4/1/2014 | 197,000 | 13,169,450 | ||||||
COMMERCIAL BANKS — 4.1% | ||||||||
Wells Fargo & Co. Series L 7.50%, 12/31/2049 | 75,076 | 82,958,980 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 3.0% | ||||||||
Bank of America Corp. Series L 7.25%, 12/31/2049 (a) | 56,933 | 60,405,913 | ||||||
ELECTRIC UTILITIES — 3.2% | ||||||||
AES Trust III 6.75%, 10/15/2029 (a) | 189,478 | 9,508,006 | ||||||
NextEra Energy, Inc.: | ||||||||
5.60%, 6/1/2015 (a) | 175,000 | 10,062,500 | ||||||
5.80%, 9/1/2016 | 200,000 | 10,034,000 |
See accompanying notes to financial statements.
157
SPDR Barclays Convertible Securities ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
5.89%, 9/1/2015 | 255,500 | $ | 14,468,965 | |||||
PPL Corp. 8.75%, 5/1/2014 (a) | 378,750 | 20,028,300 | ||||||
64,101,771 | ||||||||
FOOD PRODUCTS — 0.6% | ||||||||
Bunge, Ltd. 4.88%, 12/31/2049 (a) | 120,500 | 12,959,775 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.5% | ||||||||
Alere, Inc. Series B 3.00%, 12/31/2049 (a) | 33,761 | 9,665,774 | ||||||
INSURANCE — 1.2% | ||||||||
MetLife, Inc. 5.00%, 9/11/2013 | 768,800 | 24,247,952 | ||||||
MACHINERY — 0.8% | ||||||||
Stanley Black & Decker, Inc. 4.75%, 11/17/2015 (a) | 127,882 | 15,873,993 | ||||||
METALS & MINING — 2.7% | ||||||||
ArcelorMittal 6.00%, 1/15/2016 | 1,617,450 | 42,053,700 | ||||||
Cliffs Natural Resources, Inc. 7.00%, 2/1/2016 (a) | 519,750 | 11,933,460 | ||||||
53,987,160 | ||||||||
MULTI-UTILITIES — 1.2% | ||||||||
Dominion Resources Inc.: | ||||||||
6.13%, 4/1/2016 | 198,950 | 10,767,174 | ||||||
6.00%, 7/1/2016 (a) | 233,000 | 12,630,930 | ||||||
23,398,104 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 1.7% | ||||||||
CenterPoint Energy, Inc. 3.55%, 9/15/2029 (c) | 229,421 | 12,166,792 | ||||||
Chesapeake Energy Corp. 5.75%, 12/31/2049 (b) | 19,150 | 22,050,650 | ||||||
34,217,442 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 1.4% | ||||||||
Health Care REIT, Inc. Series I 6.50%, 12/31/2049 | 272,445 | 13,965,531 | ||||||
Weyerhaeuser Co. 6.38%, 7/1/2016 (a) | 252,000 | 14,122,080 | ||||||
28,087,611 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 1.4% | ||||||||
Crown Castle International Corp. 4.50%, 11/1/2016 | 103,000 | 10,304,120 | ||||||
Lucent Technologies Capital Trust I 7.75%, 3/15/2017 (a) | 17,555 | 17,642,775 | ||||||
27,946,895 | ||||||||
TOTAL CONVERTIBLE PREFERRED STOCKS — | ||||||||
(Cost $460,243,654) (f) | 478,387,280 | |||||||
COMMON STOCKS — 0.5% | ||||||||
AUTO COMPONENTS — 0.5% | ||||||||
Dana Holding Corp. (a) | 501,500 | 9,839,430 | ||||||
THRIFTS & MORTGAGE FINANCE — 0.0% (g) | ||||||||
Federal National Mortgage Association (a)(d) | 100,000 | 301,000 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $9,098,281) (f) | 10,140,430 | |||||||
SHORT TERM INVESTMENTS — 11.2% | ||||||||
MONEY MARKET FUNDS — 11.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (h)(i) | 220,219,063 | 220,219,063 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (i)(j) | 4,904,622 | 4,904,622 | ||||||
TOTAL SHORT TERM INVESTMENTS — (f) | ||||||||
(Cost $225,123,685) | 225,123,685 | |||||||
TOTAL INVESTMENTS — 110.7% (k) | ||||||||
(Cost $2,000,067,174) | 2,234,146,755 | |||||||
OTHER ASSETS & LIABILITIES — (10.7)% | (216,019,649 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,018,127,106 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 18.2% of net assets as of December 31, 2013, 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, 2013. Maturity date disclosed is the ultimate maturity. | |||||
(d) | Non-income producing security. | |||||
(e) | 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) | |||||
(f) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(g) | Amount shown represents less than 0.05% of net assets. | |||||
(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) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
158
SPDR Barclays Mortgage Backed Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. GOVERNMENT AGENCY MBS TBA — 83.0% | ||||||||
Fannie Mae | ||||||||
2.50%, 15yr TBA (a) | $ | 2,000,000 | $ | 1,980,000 | ||||
3.00%, 15yr TBA (a) | 1,200,000 | 1,224,563 | ||||||
3.00%, 30yr TBA (a) | 7,250,000 | 6,895,430 | ||||||
3.50%, 15yr TBA (a) | 2,100,000 | 2,196,141 | ||||||
3.50%, 30yr TBA (a) | 5,650,000 | 5,620,867 | ||||||
4.00%, 15yr TBA (a) | 2,750,000 | 2,913,281 | ||||||
4.00%, 30yr TBA (a) | 2,500,000 | 2,577,734 | ||||||
4.50%, 15yr TBA (a) | 1,250,000 | 1,330,469 | ||||||
4.50%, 30yr TBA (a) | 7,200,000 | 7,636,500 | ||||||
5.00%, 15yr TBA (a)(b) | 1,200,000 | 1,278,375 | ||||||
5.00%, 30yr TBA (a) | 5,000,000 | 5,439,844 | ||||||
5.50%, 30yr TBA (a) | 2,450,000 | 2,696,148 | ||||||
6.00%, 30yr TBA (a) | 3,800,000 | 4,221,562 | ||||||
Freddie Mac | ||||||||
3.00%, 15yr TBA (a) | 5,500,000 | 5,599,687 | ||||||
3.00%, 30yr TBA (a) | 2,500,000 | 2,370,703 | ||||||
3.50%, 30yr TBA (a) | 5,750,000 | 5,707,773 | ||||||
4.00%, 30yr TBA (a) | 6,500,000 | 6,682,812 | ||||||
4.50%, 30yr TBA (a) | 2,500,000 | 2,647,266 | ||||||
5.00%, 30yr TBA (a) | 2,000,000 | 2,163,438 | ||||||
Ginnie Mae | ||||||||
3.00%, 30yr TBA (a) | 2,400,000 | 2,321,250 | ||||||
3.00%, 30yr TBA (a) | 1,000,000 | 966,250 | ||||||
3.50%, 30yr TBA (a) | 1,500,000 | 1,513,125 | ||||||
3.50%, 30yr TBA (a) | 4,500,000 | 4,545,000 | ||||||
4.00%, 30yr TBA (a) | 1,500,000 | 1,559,766 | ||||||
4.00%, 30yr TBA (a) | 3,000,000 | 3,123,281 | ||||||
4.50%, 30yr TBA (a) | 3,500,000 | 3,740,625 | ||||||
4.50%, 30yr TBA (a) | 750,000 | 800,391 | ||||||
5.00%, 30yr TBA (a) | 1,300,000 | 1,416,391 | ||||||
5.00%, 30yr TBA (a) | 700,000 | 762,672 | ||||||
6.00%, 30yr TBA (a) | 800,000 | 898,000 | ||||||
TOTAL U.S. GOVERNMENT AGENCY MBS TBA — | ||||||||
(Cost $93,541,504) | 92,829,344 | |||||||
FEDERAL HOME LOAN MORTGAGE CORPORATION — 6.5% | ||||||||
Freddie Mac: | ||||||||
3.00%, 10/1/2043 30yr (c) | 1,986,319 | 1,885,849 | ||||||
4.50%, 2/1/2039 30yr (c) | 478,848 | 506,591 | ||||||
5.00%, 9/1/2038 30yr (c) | 234,921 | 253,906 | ||||||
5.00%, 1/1/2039 30yr (c) | 935,372 | 1,010,967 | ||||||
5.50%, 1/1/2028 20yr (c) | 190,922 | 208,980 | ||||||
5.50%, 9/1/2035 30yr (c) | 36,285 | 39,734 | ||||||
5.50%, 6/1/2036 30yr (c) | 122,905 | 134,260 | ||||||
5.50%, 12/1/2036 30yr (c) | 186,990 | 204,266 | ||||||
5.50%, 7/1/2037 30yr (c) | 1,433,500 | 1,565,934 | ||||||
5.50%, 4/1/2038 30yr (c) | 1,275,963 | 1,394,126 | ||||||
5.50%, 5/1/2038 30yr (c) | 22,045 | 24,087 | ||||||
TOTAL FEDERAL HOME LOAN MORTGAGE CORPORATION — | ||||||||
(Cost $7,140,750) | 7,228,700 | |||||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION — 3.0% | ||||||||
Fannie Mae: | ||||||||
4.00%, 10/1/2043 30yr (c) | 993,111 | 1,025,112 | ||||||
2.50%, 8/1/2028 15yr (c) | 974,900 | 966,156 | ||||||
4.50%, 8/1/2015 10yr (c) | 421,162 | 447,751 | ||||||
5.50%, 9/1/2025 15yr (c) | 90,018 | 98,438 | ||||||
5.00%, 1/1/2024 15yr (c) | 484,135 | 519,605 | ||||||
6.00%, 9/1/2037 30yr (c) | 290,135 | 321,747 | ||||||
TOTAL FEDERAL NATIONAL MORTGAGE ASSOCIATION — | ||||||||
(Cost $3,380,092) | 3,378,809 | |||||||
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION — 7.1% | ||||||||
Ginnie Mae: | ||||||||
5.00%, 12/15/2038 30yr (c) | 200,000 | 217,967 | ||||||
3.00%, 12/20/2042 30yr (c) | 989,612 | 959,044 | ||||||
5.00%, 5/20/2043 30yr (c) | 200,000 | 217,972 | ||||||
5.00%, 4/20/2043 30yr (c) | 927,338 | 1,014,881 | ||||||
5.00%, 11/20/2042 30yr (c) | 965,600 | 1,052,370 | ||||||
4.50%, 7/20/2041 30yr (c) | 972,314 | 1,040,441 | ||||||
3.00%, 8/20/2042 30yr (c) | 1,007,513 | 976,392 | ||||||
4.00%, 2/15/2040 30yr (c) | 67,586 | 70,394 | ||||||
5.50%, 3/15/2039 30yr (c) | 938,005 | 1,042,351 | ||||||
6.00%, 8/15/2040 30yr (c) | 200,000 | 224,470 | ||||||
5.50%, 9/15/2035 30yr (c) | 889,847 | 988,154 | ||||||
5.50%, 7/15/2038 30yr (c) | 73,248 | 80,939 | ||||||
TOTAL GOVERNMENT NATIONAL MORTGAGE ASSOCIATION — | ||||||||
(Cost $7,867,423) | 7,885,375 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 83.8% | ||||||||
MONEY MARKET FUND — 83.8% | ||||||||
State Street Institutional Liquid Reserves Fund 0.06% (c)(d)(e)(f) (Cost $93,703,353) | 93,703,353 | 93,703,353 | ||||||
TOTAL INVESTMENTS — 183.4% (g) | ||||||||
(Cost $205,633,122) | 205,025,581 | |||||||
OTHER ASSETS & LIABILITIES — (83.4)% | (93,249,741 | ) | ||||||
NET ASSETS — 100.0% | $ | 111,775,840 | ||||||
(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. Security value is determined based on Level 2 inputs. (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.
159
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 25.0% | ||||||||
AEROSPACE & DEFENSE — 0.4% | ||||||||
General Dynamics Corp. 2.25%, 11/15/2022 (a) | $ | 100,000 | $ | 89,348 | ||||
Honeywell International, Inc.: | ||||||||
4.25%, 3/1/2021 (a) | 50,000 | 53,811 | ||||||
5.38%, 3/1/2041 | 100,000 | 110,358 | ||||||
L-3 Communications Corp.: | ||||||||
3.95%, 11/15/2016 | 100,000 | 106,379 | ||||||
5.20%, 10/15/2019 (a) | 135,000 | 146,647 | ||||||
Lockheed Martin Corp.: | ||||||||
3.35%, 9/15/2021 | 250,000 | 248,026 | ||||||
4.07%, 12/15/2042 | 125,000 | 108,935 | ||||||
Northrop Grumman Corp. 5.05%, 11/15/2040 | 20,000 | 19,866 | ||||||
Precision Castparts Corp. 2.50%, 1/15/2023 | 100,000 | 90,944 | ||||||
Raytheon Co. 2.50%, 12/15/2022 | 125,000 | 113,678 | ||||||
Rockwell Collins, Inc.: | ||||||||
3.70%, 12/15/2023 | 100,000 | 99,528 | ||||||
4.80%, 12/15/2043 | 100,000 | 100,537 | ||||||
The Boeing Co.: | ||||||||
3.50%, 2/15/2015 | 250,000 | 258,336 | ||||||
6.13%, 2/15/2033 | 165,000 | 194,535 | ||||||
United Technologies Corp.: | ||||||||
4.50%, 4/15/2020 | 60,000 | 65,780 | ||||||
4.88%, 5/1/2015 | 100,000 | 105,715 | ||||||
5.38%, 12/15/2017 | 250,000 | 284,100 | ||||||
5.70%, 4/15/2040 | 210,000 | 239,902 | ||||||
6.05%, 6/1/2036 | 100,000 | 118,646 | ||||||
2,555,071 | ||||||||
AIR FREIGHT & LOGISTICS — 0.0% (b) | ||||||||
FedEx Corp. 2.63%, 8/1/2022 | 100,000 | 90,656 | ||||||
United Parcel Service, Inc.: | ||||||||
2.45%, 10/1/2022 | 100,000 | 92,449 | ||||||
6.20%, 1/15/2038 | 100,000 | 121,534 | ||||||
304,639 | ||||||||
AIRLINES — 0.1% | ||||||||
American Airlines 2013-2 Pass Through Trust, Class A 4.95%, 7/15/2024 (c) | 200,000 | 209,250 | ||||||
Continental Airlines 2012-1 Pass Through Trust, Class A 4.15%, 10/11/2025 | 97,539 | 98,271 | ||||||
Continental Airlines 2012-2 Pass Through Trust, Class A 4.00%, 4/29/2026 | 20,000 | 19,925 | ||||||
Delta Air Lines 2010-2 Pass Through Trust, Class A 4.95%, 11/23/2020 | 77,427 | 83,621 | ||||||
United Airlines 2013-1Pass Through Trust, Class A 4.30%, 2/15/2027 (a) | 100,000 | 100,500 | ||||||
US Airways 2012-2 Pass Through Trust, Class A 4.63%, 12/3/2026 | 99,657 | 99,906 | ||||||
611,473 | ||||||||
AUTO COMPONENTS — 0.1% | ||||||||
Johnson Controls, Inc.: | ||||||||
4.25%, 3/1/2021 | 60,000 | 62,414 | ||||||
5.50%, 1/15/2016 | 250,000 | 271,769 | ||||||
334,183 | ||||||||
AUTOMOBILES — 0.0% (b) | ||||||||
Daimler Finance North America LLC 8.50%, 1/18/2031 | 125,000 | 182,243 | ||||||
BEVERAGES — 0.6% | ||||||||
Anheuser-Busch Cos LLC 6.00%, 11/1/2041 | 100,000 | 115,835 | ||||||
Anheuser-Busch InBev Worldwide, Inc.: | ||||||||
3.75%, 7/15/2042 | 100,000 | 85,073 | ||||||
5.38%, 1/15/2020 | 335,000 | 380,482 | ||||||
6.38%, 1/15/2040 | 250,000 | 304,091 | ||||||
7.75%, 1/15/2019 | 250,000 | 310,599 | ||||||
8.20%, 1/15/2039 | 100,000 | 146,433 | ||||||
Coca-Cola Femsa SAB de CV 2.38%, 11/26/2018 | 150,000 | 149,432 | ||||||
Diageo Capital PLC: | ||||||||
2.63%, 4/29/2023 | 150,000 | 136,737 | ||||||
3.88%, 4/29/2043 | 100,000 | 86,393 | ||||||
5.75%, 10/23/2017 | 250,000 | 285,338 | ||||||
Dr. Pepper Snapple Group, Inc. 3.20%, 11/15/2021 (a) | 150,000 | 144,843 | ||||||
Molson Coors Brewing Co. 5.00%, 5/1/2042 | 50,000 | 48,916 | ||||||
PepsiCo, Inc.: | ||||||||
0.75%, 3/5/2015 | 500,000 | 501,079 | ||||||
2.75%, 3/5/2022 (a) | 350,000 | 331,291 | ||||||
3.60%, 8/13/2042 | 100,000 | 81,486 | ||||||
4.50%, 1/15/2020 | 100,000 | 108,936 | ||||||
The Coca-Cola Co.: | ||||||||
1.50%, 11/15/2015 | 600,000 | 611,439 | ||||||
3.15%, 11/15/2020 | 70,000 | 70,745 | ||||||
3,899,148 | ||||||||
BIOTECHNOLOGY — 0.2% | ||||||||
Amgen, Inc.: | ||||||||
3.88%, 11/15/2021 | 100,000 | 102,508 | ||||||
4.10%, 6/15/2021 | 100,000 | 104,526 | ||||||
4.50%, 3/15/2020 | 50,000 | 54,048 | ||||||
5.15%, 11/15/2041 | 324,000 | 321,826 | ||||||
5.70%, 2/1/2019 | 100,000 | 115,351 | ||||||
5.75%, 3/15/2040 | 55,000 | 58,513 | ||||||
Celgene Corp. 2.30%, 8/15/2018 | 100,000 | 99,617 | ||||||
Genentech, Inc. 4.75%, 7/15/2015 | 100,000 | 106,370 | ||||||
Gilead Sciences, Inc. 4.50%, 4/1/2021 | 200,000 | 213,927 |
See accompanying notes to financial statements.
160
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Life Technologies Corp. 6.00%, 3/1/2020 | $ | 100,000 | $ | 114,906 | ||||
1,291,592 | ||||||||
BUILDING MATERIALS — 0.0% (b) | ||||||||
CRH America, Inc. 6.00%, 9/30/2016 | 100,000 | 112,019 | ||||||
BUILDING PRODUCTS — 0.0% (b) | ||||||||
Owens Corning 4.20%, 12/15/2022 | 138,000 | 131,958 | ||||||
CAPITAL MARKETS — 1.0% | ||||||||
Eaton Corp. 4.00%, 11/2/2032 | 165,000 | 151,712 | ||||||
HSBC USA, Inc. 1.63%, 1/16/2018 (a) | 150,000 | 147,610 | ||||||
Jefferies Group, Inc.: | ||||||||
5.13%, 4/13/2018 | 300,000 | 324,332 | ||||||
6.25%, 1/15/2036 | 60,000 | 57,942 | ||||||
6.45%, 6/8/2027 | 20,000 | 20,996 | ||||||
Morgan Stanley: | ||||||||
1.75%, 2/25/2016 | 100,000 | 101,343 | ||||||
3.75%, 2/25/2023 | 100,000 | 97,369 | ||||||
3.80%, 4/29/2016 | 500,000 | 528,378 | ||||||
4.00%, 7/24/2015 | 81,000 | 84,715 | ||||||
4.10%, 5/22/2023 | 250,000 | 241,522 | ||||||
4.75%, 3/22/2017 | 100,000 | 108,912 | ||||||
4.88%, 11/1/2022 | 63,000 | 64,670 | ||||||
5.63%, 9/23/2019 | 150,000 | 169,833 | ||||||
5.75%, 1/25/2021 | 500,000 | 564,633 | ||||||
6.63%, 4/1/2018 | 390,000 | 454,675 | ||||||
7.25%, 4/1/2032 | 118,000 | 147,148 | ||||||
Northern Trust Corp. 3.95%, 10/30/2025 | 100,000 | 96,712 | ||||||
Svensk Exportkredit AB 5.13%, 3/1/2017 | 205,000 | 230,646 | ||||||
The Bank of New York Mellon Corp.: | ||||||||
1.20%, 2/20/2015 | 200,000 | 201,434 | ||||||
2.30%, 7/28/2016 | 100,000 | 103,256 | ||||||
3.55%, 9/23/2021 (a) | 100,000 | 101,641 | ||||||
The Charles Schwab Corp. 0.85%, 12/4/2015 | 100,000 | 100,027 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
3.63%, 1/22/2023 (a) | 100,000 | 96,676 | ||||||
3.70%, 8/1/2015 | 500,000 | 520,862 | ||||||
5.35%, 1/15/2016 | 555,000 | 600,481 | ||||||
5.95%, 1/15/2027 | 395,000 | 422,512 | ||||||
6.13%, 2/15/2033 (a) | 400,000 | 449,896 | ||||||
6.15%, 4/1/2018 | 500,000 | 573,395 | ||||||
6,763,328 | ||||||||
CHEMICALS — 0.5% | ||||||||
Agrium, Inc.: | ||||||||
3.15%, 10/1/2022 | 150,000 | 137,967 | ||||||
6.13%, 1/15/2041 | 20,000 | 21,454 | ||||||
Airgas, Inc. 3.25%, 10/1/2015 | 100,000 | 103,740 | ||||||
CF Industries, Inc. 3.45%, 6/1/2023 | 25,000 | 22,899 | ||||||
E.I. du Pont de Nemours & Co.: | ||||||||
5.25%, 12/15/2016 | 255,000 | 285,566 | ||||||
5.75%, 3/15/2019 (a) | 250,000 | 288,261 | ||||||
Eastman Chemical Co. 3.60%, 8/15/2022 | 100,000 | 95,994 | ||||||
Ecolab, Inc.: | ||||||||
4.35%, 12/8/2021 | 100,000 | 104,383 | ||||||
5.50%, 12/8/2041 | 76,000 | 81,138 | ||||||
LyondellBasell Industries NV 6.00%, 11/15/2021 | 200,000 | 229,580 | ||||||
Monsanto Co. 2.20%, 7/15/2022 (a) | 100,000 | 90,426 | ||||||
Potash Corp. of Saskatchewan, Inc. 5.88%, 12/1/2036 | 100,000 | 109,032 | ||||||
PPG Industries, Inc.: | ||||||||
2.70%, 8/15/2022 (a) | 200,000 | 183,572 | ||||||
6.65%, 3/15/2018 | 100,000 | 116,084 | ||||||
Praxair, Inc. 3.00%, 9/1/2021 (a) | 250,000 | 243,176 | ||||||
RPM International, Inc. 3.45%, 11/15/2022 | 100,000 | 91,647 | ||||||
The Dow Chemical Co.: | ||||||||
4.13%, 11/15/2021 | 125,000 | 128,965 | ||||||
5.25%, 11/15/2041 | 250,000 | 251,952 | ||||||
8.55%, 5/15/2019 | 330,000 | 424,248 | ||||||
The Mosaic Co. 4.25%, 11/15/2023 | 75,000 | 74,061 | ||||||
The Sherwin-Williams Co. 4.00%, 12/15/2042 | 88,000 | 75,962 | ||||||
3,160,107 | ||||||||
COMMERCIAL BANKS — 4.1% | ||||||||
Abbey National Treasury Services PLC/London 3.05%, 8/23/2018 | 100,000 | 102,893 | ||||||
African Development Bank 1.25%, 9/2/2016 | 200,000 | 202,528 | ||||||
Asian Development Bank: | ||||||||
1.75%, 3/21/2019 | 500,000 | 495,222 | ||||||
2.50%, 3/15/2016 | 200,000 | 208,202 | ||||||
2.63%, 2/9/2015 | 200,000 | 205,064 | ||||||
Australia & New Zealand Banking Group, Ltd. 1.45%, 5/15/2018 | 250,000 | 242,858 | ||||||
Bank of Montreal 2.50%, 1/11/2017 | 225,000 | 232,395 | ||||||
Bank of Nova Scotia: | ||||||||
1.38%, 12/18/2017 (a) | 50,000 | 49,025 | ||||||
1.45%, 4/25/2018 | 100,000 | 97,380 | ||||||
2.90%, 3/29/2016 | 100,000 | 104,398 | ||||||
3.40%, 1/22/2015 | 250,000 | 256,552 | ||||||
Barclays Bank PLC 3.90%, 4/7/2015 | 300,000 | 311,749 | ||||||
BB&T Corp.: | ||||||||
2.05%, 6/19/2018 (a) | 250,000 | 247,542 | ||||||
3.95%, 4/29/2016 | 100,000 | 106,732 | ||||||
BNP Paribas: | ||||||||
2.70%, 8/20/2018 | 100,000 | 101,142 | ||||||
3.25%, 3/3/2023 | 100,000 | 94,601 | ||||||
5.00%, 1/15/2021 | 350,000 | 383,478 |
See accompanying notes to financial statements.
161
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Canadian Imperial Bank of Commerce/Canada 1.35%, 7/18/2016 (a) | $ | 200,000 | $ | 200,922 | ||||
Commonwealth Bank of Australia/New York, NY 2.50%, 9/20/2018 (a) | 225,000 | 227,323 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands: | ||||||||
1.70%, 3/19/2018 (a) | 250,000 | 246,603 | ||||||
4.50%, 1/11/2021 | 100,000 | 106,136 | ||||||
5.25%, 5/24/2041 | 250,000 | 259,417 | ||||||
Corp. Andina de Fomento 3.75%, 1/15/2016 | 100,000 | 104,058 | ||||||
Council Of Europe Development Bank 1.25%, 9/22/2016 | 350,000 | 353,902 | ||||||
Credit Suisse of New York, NY: | ||||||||
4.38%, 8/5/2020 (a) | 600,000 | 645,029 | ||||||
5.40%, 1/14/2020 | 100,000 | 110,502 | ||||||
Deutsche Bank AG 4.30%, 5/24/2028 (d) | 200,000 | 181,037 | ||||||
Deutsche Bank AG London 6.00%, 9/1/2017 | 250,000 | 285,771 | ||||||
Discover Bank/Greenwood DE 4.20%, 8/8/2023 | 125,000 | 123,274 | ||||||
European Bank for Reconstruction & Development 2.50%, 3/15/2016 | 450,000 | 468,756 | ||||||
European Investment Bank: | ||||||||
1.00%, 3/15/2018 (a) | 125,000 | 121,977 | ||||||
1.13%, 4/15/2015 | 1,000,000 | 1,010,434 | ||||||
2.50%, 5/16/2016 | 950,000 | 990,354 | ||||||
2.75%, 3/23/2015 | 300,000 | 308,951 | ||||||
4.00%, 2/16/2021 | 650,000 | 699,513 | ||||||
Export-Import Bank of Korea: | ||||||||
4.13%, 9/9/2015 | 200,000 | 209,797 | ||||||
5.88%, 1/14/2015 | 205,000 | 215,656 | ||||||
Fifth Third Bancorp: | ||||||||
1.15%, 11/18/2016 | 200,000 | 199,629 | ||||||
3.63%, 1/25/2016 | 100,000 | 105,007 | ||||||
4.30%, 1/16/2024 | 200,000 | 195,078 | ||||||
HSBC Holdings PLC: | ||||||||
4.00%, 3/30/2022 (a) | 500,000 | 517,494 | ||||||
4.88%, 1/14/2022 | 100,000 | 109,506 | ||||||
6.10%, 1/14/2042 | 35,000 | 41,997 | ||||||
6.50%, 9/15/2037 | 250,000 | 294,127 | ||||||
6.80%, 6/1/2038 | 100,000 | 122,045 | ||||||
Inter-American Development Bank: | ||||||||
0.88%, 11/15/2016 | 150,000 | 150,304 | ||||||
1.75%, 8/24/2018 | 500,000 | 500,915 | ||||||
3.00%, 10/4/2023 | 100,000 | 98,047 | ||||||
3.88%, 10/28/2041 | 35,000 | 31,599 | ||||||
5.13%, 9/13/2016 | 405,000 | 452,163 | ||||||
International Bank for Reconstruction & Development: | ||||||||
0.38%, 8/24/2015 | 50,000 | 49,982 | ||||||
1.00%, 9/15/2016 | 600,000 | 604,178 | ||||||
2.13%, 3/15/2016 | 200,000 | 206,749 | ||||||
2.38%, 5/26/2015 | 300,000 | 308,618 | ||||||
4.75%, 2/15/2035 | 80,000 | 85,944 | ||||||
International Finance Corp. 2.25%, 4/11/2016 | 650,000 | 674,030 | ||||||
Intesa Sanpaolo SpA 3.88%, 1/16/2018 | 200,000 | 204,409 | ||||||
KeyCorp 3.75%, 8/13/2015 | 100,000 | 104,422 | ||||||
KFW 2.13%, 1/17/2023 | 200,000 | 183,996 | ||||||
Korea Development Bank 4.00%, 9/9/2016 (a) | 100,000 | 106,465 | ||||||
Kreditanstalt fuer Wiederaufbau: | ||||||||
1.00%, 1/12/2015 | 200,000 | 201,448 | ||||||
1.25%, 2/15/2017 | 225,000 | 227,282 | ||||||
2.00%, 10/4/2022 | 125,000 | 114,673 | ||||||
2.38%, 8/25/2021 (a) | 700,000 | 677,006 | ||||||
2.63%, 2/16/2016 | 1,950,000 | 2,033,204 | ||||||
2.75%, 9/8/2020 | 100,000 | 100,963 | ||||||
4.50%, 7/16/2018 | 215,000 | 240,941 | ||||||
Landwirtschaftliche Rentenbank: | ||||||||
1.88%, 9/17/2018 (a) | 400,000 | 401,367 | ||||||
3.13%, 7/15/2015 | 200,000 | 208,412 | ||||||
Lloyds TSB Bank PLC 4.20%, 3/28/2017 (a) | 125,000 | 134,905 | ||||||
National Australia Bank/New York 2.75%, 3/9/2017 (a) | 150,000 | 155,493 | ||||||
Nordic Investment Bank 2.50%, 7/15/2015 | 350,000 | 361,425 | ||||||
Oesterreichische Kontrollbank AG 2.00%, 6/3/2016 | 200,000 | 206,037 | ||||||
PNC Bank NA 1.30%, 10/3/2016 | 250,000 | 251,245 | ||||||
PNC Funding Corp.: | ||||||||
5.13%, 2/8/2020 | 150,000 | 168,387 | ||||||
5.25%, 11/15/2015 | 350,000 | 376,595 | ||||||
Regions Financial Corp. 2.00%, 5/15/2018 | 100,000 | 97,180 | ||||||
Royal Bank of Canada: | ||||||||
0.63%, 12/5/2016 | 100,000 | 100,015 | ||||||
1.20%, 9/19/2018 (a) | 100,000 | 99,090 | ||||||
1.45%, 9/9/2016 | 200,000 | 202,031 | ||||||
2.20%, 7/27/2018 | 100,000 | 100,269 | ||||||
2.30%, 7/20/2016 | 305,000 | 314,846 | ||||||
Sumitomo Mitsui Banking Corp. 3.95%, 7/19/2023 | 250,000 | 246,918 | ||||||
SunTrust Bank/Atlanta GA 5.00%, 9/1/2015 | 16,000 | 17,045 | ||||||
SunTrust Banks, Inc.: | ||||||||
2.75%, 5/1/2023 | 200,000 | 178,694 | ||||||
7.25%, 3/15/2018 | 60,000 | 70,683 | ||||||
Svenska Handelsbanken AB 2.50%, 1/25/2019 | 250,000 | 251,332 | ||||||
The Korea Development Bank 3.50%, 8/22/2017 | 250,000 | 260,260 | ||||||
The Toronto-Dominion Bank: | ||||||||
1.40%, 4/30/2018 | 100,000 | 97,572 | ||||||
1.50%, 9/9/2016 | 100,000 | 101,281 | ||||||
2.38%, 10/19/2016 | 100,000 | 103,742 |
See accompanying notes to financial statements.
162
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Union Bank NA: | ||||||||
2.63%, 9/26/2018 | $ | 250,000 | $ | 253,760 | ||||
5.95%, 5/11/2016 | 100,000 | 110,737 | ||||||
US Bancorp 2.45%, 7/27/2015 | 100,000 | 102,913 | ||||||
Wachovia Bank NA 5.85%, 2/1/2037 | 200,000 | 226,208 | ||||||
Wachovia Corp.: | ||||||||
5.63%, 10/15/2016 | 200,000 | 223,229 | ||||||
5.75%, 2/1/2018 | 125,000 | 143,885 | ||||||
Wells Fargo & Co.: | ||||||||
1.25%, 2/13/2015 | 750,000 | 755,200 | ||||||
3.45%, 2/13/2023 | 100,000 | 93,951 | ||||||
3.50%, 3/8/2022 | 500,000 | 500,437 | ||||||
4.13%, 8/15/2023 | 100,000 | 98,187 | ||||||
Wells Fargo Capital X 5.95%, 12/1/2086 | 100,000 | 97,750 | ||||||
Westpac Banking Corp.: | ||||||||
3.00%, 12/9/2015 | 350,000 | 365,227 | ||||||
4.88%, 11/19/2019 | 300,000 | 332,894 | ||||||
27,062,596 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.1% | ||||||||
Pitney Bowes, Inc. 5.25%, 1/15/2037 | 100,000 | 106,000 | ||||||
Republic Services, Inc.: | ||||||||
4.75%, 5/15/2023 (a) | 250,000 | 261,396 | ||||||
5.00%, 3/1/2020 | 100,000 | 109,955 | ||||||
The Western Union Co.: | ||||||||
2.88%, 12/10/2017 | 100,000 | 101,069 | ||||||
5.93%, 10/1/2016 | 100,000 | 110,163 | ||||||
Total System Services, Inc. 2.38%, 6/1/2018 | 140,000 | 137,042 | ||||||
Waste Management, Inc. 7.38%, 3/11/2019 | 100,000 | 121,495 | ||||||
947,120 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.0% (b) | ||||||||
Cisco Systems, Inc. 4.45%, 1/15/2020 | 200,000 | 218,132 | ||||||
Juniper Networks, Inc. 5.95%, 3/15/2041 | 20,000 | 19,744 | ||||||
237,876 | ||||||||
COMPUTERS & PERIPHERALS — 0.2% | ||||||||
Apple, Inc.: | ||||||||
0.45%, 5/3/2016 | 200,000 | 198,770 | ||||||
1.00%, 5/3/2018 | 150,000 | 144,599 | ||||||
2.40%, 5/3/2023 | 125,000 | 112,014 | ||||||
3.85%, 5/4/2043 | 125,000 | 103,903 | ||||||
Fidelity National Information Services, Inc.: | ||||||||
2.00%, 4/15/2018 | 29,000 | 28,254 | ||||||
3.50%, 4/15/2023 | 50,000 | 45,322 | ||||||
Hewlett-Packard Co.: | ||||||||
3.00%, 9/15/2016 | 350,000 | 364,664 | ||||||
4.05%, 9/15/2022 (a) | 250,000 | 247,148 | ||||||
4.30%, 6/1/2021 (a) | 100,000 | 100,901 | ||||||
Seagate HDD Cayman 3.75%, 11/15/2018 (c) | 100,000 | 101,000 | ||||||
1,446,575 | ||||||||
CONSTRUCTION & ENGINEERING — 0.1% | ||||||||
ABB Finance USA, Inc. 2.88%, 5/8/2022 | 150,000 | 142,137 | ||||||
Fluor Corp. 3.38%, 9/15/2021 | 80,000 | 78,757 | ||||||
URS Corp. 5.50%, 4/1/2022 (a)(c) | 100,000 | 98,500 | ||||||
319,394 | ||||||||
CONSUMER FINANCE — 0.1% | ||||||||
Caterpillar Financial Services Corp.: | ||||||||
2.05%, 8/1/2016 (a) | 300,000 | 307,659 | ||||||
7.15%, 2/15/2019 | 170,000 | 207,524 | ||||||
John Deere Capital Corp. 2.25%, 6/7/2016 | 200,000 | 207,143 | ||||||
722,326 | ||||||||
CONTAINERS & PACKAGING — 0.0% (b) | ||||||||
Bemis Co., Inc. 4.50%, 10/15/2021 | 100,000 | 100,863 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.1% | ||||||||
Cornell University 5.45%, 2/1/2019 | 150,000 | 171,863 | ||||||
Massachusetts Institute of Technology 5.60%, 7/1/2111 | 100,000 | 113,115 | ||||||
Stanford University 4.75%, 5/1/2019 | 110,000 | 122,937 | ||||||
407,915 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 2.9% | ||||||||
Air Lease Corp. 3.38%, 1/15/2019 | 50,000 | 49,651 | ||||||
American Express Co.: | ||||||||
1.55%, 5/22/2018 | 250,000 | 242,845 | ||||||
2.65%, 12/2/2022 | 86,000 | 79,643 | ||||||
8.13%, 5/20/2019 | 75,000 | 95,103 | ||||||
American Express Credit Corp.: | ||||||||
2.13%, 7/27/2018 | 75,000 | 74,958 | ||||||
2.38%, 3/24/2017 | 500,000 | 513,140 | ||||||
Ameriprise Financial, Inc. 5.65%, 11/15/2015 | 50,000 | 54,315 | ||||||
Bank of America Corp.: | ||||||||
1.35%, 11/21/2016 | 150,000 | 149,722 | ||||||
2.00%, 1/11/2018 | 100,000 | 99,394 | ||||||
2.60%, 1/15/2019 | 114,000 | 114,334 | ||||||
3.30%, 1/11/2023 | 150,000 | 141,485 | ||||||
4.50%, 4/1/2015 | 1,000,000 | 1,043,793 | ||||||
5.00%, 5/13/2021 (a) | 500,000 | 544,680 | ||||||
5.65%, 5/1/2018 | 150,000 | 170,026 | ||||||
Bank of America NA 5.30%, 3/15/2017 | 385,000 | 424,402 | ||||||
Capital One Bank USA NA: | ||||||||
1.15%, 11/21/2016 | 250,000 | 248,477 | ||||||
8.80%, 7/15/2019 | 100,000 | 126,545 | ||||||
Citigroup, Inc.: | ||||||||
1.25%, 1/15/2016 | 100,000 | 100,270 | ||||||
3.38%, 3/1/2023 | 100,000 | 95,186 |
See accompanying notes to financial statements.
163
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
3.88%, 10/25/2023 | $ | 200,000 | $ | 195,954 | ||||
4.45%, 1/10/2017 | 750,000 | 811,999 | ||||||
4.50%, 1/14/2022 (a) | 250,000 | 262,776 | ||||||
4.95%, 11/7/2043 | 150,000 | 147,786 | ||||||
5.38%, 8/9/2020 | 100,000 | 113,127 | ||||||
5.50%, 2/15/2017 | 150,000 | 165,151 | ||||||
5.88%, 1/30/2042 (a) | 150,000 | 167,346 | ||||||
6.00%, 10/31/2033 | 100,000 | 105,413 | ||||||
6.01%, 1/15/2015 | 150,000 | 157,803 | ||||||
6.13%, 5/15/2018 (a) | 150,000 | 173,814 | ||||||
6.63%, 6/15/2032 | 100,000 | 112,366 | ||||||
Ford Motor Credit Co. LLC: | ||||||||
2.38%, 1/16/2018 | 100,000 | 100,914 | ||||||
5.88%, 8/2/2021 | 500,000 | 565,793 | ||||||
7.00%, 4/15/2015 | 650,000 | 699,493 | ||||||
General Electric Capital Corp.: | ||||||||
1.00%, 1/8/2016 | 100,000 | 100,368 | ||||||
1.63%, 4/2/2018 (a) | 250,000 | 247,326 | ||||||
2.25%, 11/9/2015 | 200,000 | 206,020 | ||||||
2.90%, 1/9/2017 | 500,000 | 521,094 | ||||||
3.10%, 1/9/2023 (a) | 100,000 | 94,789 | ||||||
3.15%, 9/7/2022 | 200,000 | 192,650 | ||||||
4.63%, 1/7/2021 (a) | 100,000 | 108,845 | ||||||
5.30%, 2/11/2021 | 100,000 | 111,861 | ||||||
5.63%, 5/1/2018 | 585,000 | 671,599 | ||||||
6.75%, 3/15/2032 | 340,000 | 420,049 | ||||||
6.88%, 1/10/2039 | 300,000 | 382,558 | ||||||
General Electric Capital Corp., Series A 6.15%, 8/7/2037 | 80,000 | 93,945 | ||||||
HSBC Finance Corp. 5.00%, 6/30/2015 | 50,000 | 52,783 | ||||||
John Deere Capital Corp. 1.95%, 12/13/2018 | 150,000 | 149,313 | ||||||
JPMorgan Chase & Co.: | ||||||||
3.15%, 7/5/2016 | 150,000 | 157,154 | ||||||
3.20%, 1/25/2023 (a) | 100,000 | 94,863 | ||||||
3.25%, 9/23/2022 | 250,000 | 238,832 | ||||||
3.45%, 3/1/2016 | 500,000 | 524,362 | ||||||
3.70%, 1/20/2015 (a) | 600,000 | 618,294 | ||||||
4.25%, 10/15/2020 | 750,000 | 794,996 | ||||||
6.00%, 1/15/2018 | 150,000 | 171,989 | ||||||
6.40%, 5/15/2038 | 355,000 | 424,781 | ||||||
JPMorgan Chase Bank NA 6.00%, 10/1/2017 | 405,000 | 463,427 | ||||||
Merrill Lynch & Co., Inc.: | ||||||||
6.05%, 5/16/2016 (a) | 200,000 | 219,839 | ||||||
6.11%, 1/29/2037 | 350,000 | 375,513 | ||||||
6.88%, 4/25/2018 | 330,000 | 389,637 | ||||||
Moody’s Corp. 4.50%, 9/1/2022 | 100,000 | 99,589 | ||||||
National Rural Utilities Cooperative Finance Corp. 8.00%, 3/1/2032 | 210,000 | 281,381 | ||||||
Nomura Holdings, Inc.: | ||||||||
4.13%, 1/19/2016 | 300,000 | 314,807 | ||||||
5.00%, 3/4/2015 | 70,000 | 73,063 | ||||||
6.70%, 3/4/2020 (a) | 21,000 | 23,819 | ||||||
ORIX Corp. 5.00%, 1/12/2016 (a) | 100,000 | 106,630 | ||||||
Private Export Funding Corp.: | ||||||||
1.38%, 2/15/2017 | 225,000 | 227,302 | ||||||
2.45%, 7/15/2024 | 200,000 | 178,910 | ||||||
Raymond James Financial, Inc. 5.63%, 4/1/2024 | 100,000 | 106,134 | ||||||
Royal Bank of Scotland Group PLC 4.38%, 3/16/2016 | 600,000 | 640,492 | ||||||
The Nasdaq OMX Group, Inc. 5.55%, 1/15/2020 | 200,000 | 215,291 | ||||||
Toyota Motor Credit Corp.: | ||||||||
1.25%, 10/5/2017 | 250,000 | 245,578 | ||||||
1.38%, 1/10/2018 (a) | 150,000 | 147,319 | ||||||
2.63%, 1/10/2023 | 100,000 | 92,491 | ||||||
3.30%, 1/12/2022 | 150,000 | 149,400 | ||||||
UBS AG of Stamford, CT: | ||||||||
4.88%, 8/4/2020 | 100,000 | 111,091 | ||||||
5.75%, 4/25/2018 | 122,000 | 139,805 | ||||||
5.88%, 12/20/2017 | 146,000 | 167,258 | ||||||
19,294,951 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.8% | ||||||||
AT&T, Inc.: | ||||||||
2.40%, 8/15/2016 | 150,000 | 154,767 | ||||||
2.95%, 5/15/2016 | 200,000 | 208,948 | ||||||
4.30%, 12/15/2042 | 200,000 | 170,887 | ||||||
4.35%, 6/15/2045 | 158,000 | 134,314 | ||||||
5.63%, 6/15/2016 | 200,000 | 220,757 | ||||||
6.50%, 9/1/2037 | 180,000 | 202,467 | ||||||
British Telecommunications PLC 9.63%, 12/15/2030 | 250,000 | 375,651 | ||||||
Telefonica Emisiones SAU 5.46%, 2/16/2021 | 350,000 | 370,811 | ||||||
Verizon Communications, Inc.: | ||||||||
2.00%, 11/1/2016 | 500,000 | 510,886 | ||||||
2.50%, 9/15/2016 | 130,000 | 134,606 | ||||||
3.65%, 9/14/2018 | 250,000 | 264,983 | ||||||
4.50%, 9/15/2020 | 229,000 | 244,153 | ||||||
6.40%, 9/15/2033 | 273,000 | 313,220 | ||||||
6.40%, 2/15/2038 | 300,000 | 340,353 | ||||||
6.55%, 9/15/2043 | 600,000 | 701,893 | ||||||
7.75%, 12/1/2030 | 400,000 | 514,041 | ||||||
8.75%, 11/1/2018 | 130,000 | 166,169 | ||||||
5,028,906 | ||||||||
ELECTRIC UTILITIES — 1.5% | ||||||||
Ameren Illinois Co. 6.13%, 11/15/2017 | 100,000 | 115,021 | ||||||
Appalachian Power Co.: | ||||||||
6.38%, 4/1/2036 | 70,000 | 78,323 | ||||||
7.00%, 4/1/2038 | 26,000 | 31,321 | ||||||
Arizona Public Service Co. 5.50%, 9/1/2035 | 100,000 | 108,007 | ||||||
CenterPoint Energy Houston Electric LLC 2.25%, 8/1/2022 | 100,000 | 90,403 | ||||||
Commonwealth Edison Co. 4.70%, 4/15/2015 | 125,000 | 131,261 |
See accompanying notes to financial statements.
164
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Commonwealth Edison Co., Series 1 5.90%, 3/15/2036 | $ | 100,000 | $ | 113,938 | ||||
Consolidated Edison Co. of New York, Inc.: | ||||||||
4.20%, 3/15/2042 | 100,000 | 91,267 | ||||||
4.45%, 6/15/2020 (a) | 100,000 | 108,103 | ||||||
5.50%, 12/1/2039 | 125,000 | 138,570 | ||||||
Consumers Energy Co.: | ||||||||
3.95%, 5/15/2043 (a) | 100,000 | 88,996 | ||||||
5.65%, 9/15/2018 (a) | 100,000 | 115,640 | ||||||
Delmarva Power & Light Co. 3.50%, 11/15/2023 | 100,000 | 98,216 | ||||||
Dominion Gas Holdings LLC 1.05%, 11/1/2016 (c) | 100,000 | 99,678 | ||||||
Duke Energy Carolinas LLC: | ||||||||
4.25%, 12/15/2041 | 250,000 | 234,733 | ||||||
7.00%, 11/15/2018 | 220,000 | 267,306 | ||||||
Duke Energy Indiana, Inc. 6.12%, 10/15/2035 | 100,000 | 108,531 | ||||||
Edison International 3.75%, 9/15/2017 | 50,000 | 52,582 | ||||||
Entergy Corp. 4.70%, 1/15/2017 | 250,000 | 266,467 | ||||||
Entergy Texas, Inc. 7.13%, 2/1/2019 | 25,000 | 29,649 | ||||||
Exelon Generation Co. LLC 4.00%, 10/1/2020 | 500,000 | 495,391 | ||||||
Florida Power & Light Co.: | ||||||||
4.05%, 6/1/2042 | 25,000 | 22,792 | ||||||
5.63%, 4/1/2034 | 15,000 | 16,934 | ||||||
5.69%, 3/1/2040 | 65,000 | 73,084 | ||||||
Georgia Power Co. 4.75%, 9/1/2040 | 100,000 | 96,109 | ||||||
Great Plains Energy, Inc. 4.85%, 6/1/2021 | 50,000 | 52,679 | ||||||
Hydro Quebec: | ||||||||
2.00%, 6/30/2016 | 350,000 | 359,755 | ||||||
8.05%, 7/7/2024 | 15,000 | 19,858 | ||||||
Indiana Michigan Power Co. 3.20%, 3/15/2023 | 100,000 | 93,320 | ||||||
Jersey Central Power & Light Co. 5.63%, 5/1/2016 | 250,000 | 271,954 | ||||||
Kentucky Utilities Co. 1.63%, 11/1/2015 | 100,000 | 101,451 | ||||||
LG&E and KU Energy LLC 3.75%, 11/15/2020 (a) | 100,000 | 100,738 | ||||||
National Fuel Gas Co. 3.75%, 3/1/2023 | 63,000 | 59,221 | ||||||
Nevada Power Co.: | ||||||||
5.45%, 5/15/2041 | 60,000 | 65,221 | ||||||
6.75%, 7/1/2037 | 15,000 | 18,615 | ||||||
NextEra Energy Capital Holdings, Inc.: | ||||||||
1.20%, 6/1/2015 | 50,000 | 50,199 | ||||||
2.60%, 9/1/2015 | 100,000 | 102,226 | ||||||
4.50%, 6/1/2021 | 200,000 | 206,913 | ||||||
Nisource Finance Corp.: | ||||||||
4.80%, 2/15/2044 | 150,000 | 136,233 | ||||||
6.40%, 3/15/2018 | 100,000 | 115,137 | ||||||
Northern States Power Co.: | ||||||||
1.95%, 8/15/2015 | 100,000 | 101,862 | ||||||
4.85%, 8/15/2040 | 100,000 | 102,302 | ||||||
6.25%, 6/1/2036 | 150,000 | 179,755 | ||||||
Oncor Electric Delivery Co. LLC: | ||||||||
5.30%, 6/1/2042 (a) | 30,000 | 31,365 | ||||||
6.80%, 9/1/2018 | 100,000 | 117,438 | ||||||
Pacific Gas & Electric Co.: | ||||||||
3.25%, 6/15/2023 | 200,000 | 189,995 | ||||||
4.50%, 12/15/2041 | 25,000 | 23,695 | ||||||
6.05%, 3/1/2034 | 150,000 | 172,860 | ||||||
PacifiCorp: | ||||||||
3.85%, 6/15/2021 | 250,000 | 259,738 | ||||||
4.10%, 2/1/2042 (a) | 50,000 | 45,418 | ||||||
PPL Electric Utilities Corp.: | ||||||||
2.50%, 9/1/2022 | 100,000 | 91,820 | ||||||
5.20%, 7/15/2041 | 50,000 | 53,438 | ||||||
Progress Energy, Inc. 7.75%, 3/1/2031 | 505,000 | 648,258 | ||||||
PSEG Power LLC 5.13%, 4/15/2020 | 80,000 | 87,716 | ||||||
Public Service Co. of Oklahoma 4.40%, 2/1/2021 | 100,000 | 105,234 | ||||||
Public Service Electric & Gas Co.: | ||||||||
2.38%, 5/15/2023 | 150,000 | 134,852 | ||||||
3.95%, 5/1/2042 | 25,000 | 22,297 | ||||||
Puget Sound Energy, Inc. 5.64%, 4/15/2041 | 106,000 | 119,377 | ||||||
San Diego Gas & Electric Co.: | ||||||||
4.30%, 4/1/2042 | 250,000 | 238,455 | ||||||
6.13%, 9/15/2037 | 115,000 | 137,418 | ||||||
Scottish Power, Ltd. 5.38%, 3/15/2015 | 100,000 | 104,689 | ||||||
South Carolina Electric & Gas Co. 5.45%, 2/1/2041 | 100,000 | 108,186 | ||||||
Southern California Edison Co.: | ||||||||
3.88%, 6/1/2021 (a) | 70,000 | 73,535 | ||||||
5.50%, 3/15/2040 | 600,000 | 665,485 | ||||||
Southwestern Electric Power Co., Series G 6.45%, 1/15/2019 (a) | 100,000 | 116,084 | ||||||
Tampa Electric Co.: | ||||||||
2.60%, 9/15/2022 | 100,000 | 92,176 | ||||||
6.10%, 5/15/2018 | 50,000 | 58,067 | ||||||
The Cleveland Electric Illuminating Co. 7.88%, 11/1/2017 | 100,000 | 119,878 | ||||||
The Southern Co. 1.95%, 9/1/2016 | 350,000 | 354,139 | ||||||
Virginia Electric and Power Co. 2.75%, 3/15/2023 (a) | 100,000 | 93,184 | ||||||
Westar Energy, Inc. 4.10%, 4/1/2043 | 100,000 | 91,383 | ||||||
Western Massachusetts Electric Co. 3.50%, 9/15/2021 | 150,000 | 148,623 | ||||||
Wisconsin Electric Power Co. 2.95%, 9/15/2021 | 250,000 | 243,963 |
See accompanying notes to financial statements.
165
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Wisconsin Power & Light Co. 6.38%, 8/15/2037 | $ | 100,000 | $ | 120,251 | ||||
10,078,778 | ||||||||
ELECTRICAL EQUIPMENT — 0.1% | ||||||||
Agilent Technologies, Inc. 5.50%, 9/14/2015 | 250,000 | 269,227 | ||||||
Emerson Electric Co.: | ||||||||
2.63%, 2/15/2023 | 100,000 | 93,535 | ||||||
4.88%, 10/15/2019 | 100,000 | 111,935 | ||||||
Honeywell International, Inc. 5.30%, 3/1/2018 | 250,000 | 284,022 | ||||||
Roper Industries, Inc. 2.05%, 10/1/2018 | 100,000 | 97,434 | ||||||
856,153 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.1% | ||||||||
Arrow Electronics, Inc. 3.00%, 3/1/2018 | 75,000 | 75,768 | ||||||
Avnet, Inc. 4.88%, 12/1/2022 | 100,000 | 100,844 | ||||||
Corning, Inc. 1.45%, 11/15/2017 (a) | 100,000 | 97,858 | ||||||
Ingram Micro, Inc. 5.00%, 8/10/2022 | 100,000 | 98,639 | ||||||
373,109 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.2% | ||||||||
Cameron International Corp. 4.50%, 6/1/2021 | 100,000 | 105,097 | ||||||
Halliburton Co.: | ||||||||
6.15%, 9/15/2019 | 200,000 | 237,557 | ||||||
7.45%, 9/15/2039 | 100,000 | 133,339 | ||||||
Nabors Industries, Inc. 4.63%, 9/15/2021 (a) | 150,000 | 150,356 | ||||||
National Oilwell Varco, Inc. 3.95%, 12/1/2042 | 100,000 | 87,509 | ||||||
Weatherford International, Inc. 6.80%, 6/15/2037 (a) | 239,000 | 258,281 | ||||||
Weatherford International, Ltd./Bermuda 6.50%, 8/1/2036 | 20,000 | 20,908 | ||||||
993,047 | ||||||||
FOOD & STAPLES RETAILING — 0.5% | ||||||||
Costco Wholesale Corp. 1.13%, 12/15/2017 | 200,000 | 196,088 | ||||||
CVS Caremark Corp.: | ||||||||
5.75%, 6/1/2017 | 350,000 | 397,006 | ||||||
6.25%, 6/1/2027 | 150,000 | 175,272 | ||||||
Sysco Corp. 2.60%, 6/12/2022 (a) | 100,000 | 91,349 | ||||||
The Kroger Co.: | ||||||||
5.40%, 7/15/2040 | 250,000 | 250,140 | ||||||
6.15%, 1/15/2020 | 100,000 | 114,269 | ||||||
6.90%, 4/15/2038 | 26,000 | 30,665 | ||||||
Wal-Mart Stores, Inc.: | ||||||||
1.13%, 4/11/2018 | 100,000 | 97,403 | ||||||
2.80%, 4/15/2016 | 650,000 | 676,470 | ||||||
4.00%, 4/11/2043 | 100,000 | 89,073 | ||||||
5.00%, 10/25/2040 | 100,000 | 103,827 | ||||||
5.88%, 4/5/2027 | 200,000 | 238,126 | ||||||
6.50%, 8/15/2037 | 250,000 | 309,821 | ||||||
Walgreen Co.: | ||||||||
4.40%, 9/15/2042 | 100,000 | 89,560 | ||||||
5.25%, 1/15/2019 | 100,000 | 112,752 | ||||||
2,971,821 | ||||||||
FOOD PRODUCTS — 0.4% | ||||||||
Archer-Daniels-Midland Co. 5.38%, 9/15/2035 | 240,000 | 253,596 | ||||||
Campbell Soup Co. 3.80%, 8/2/2042 (a) | 100,000 | 77,480 | ||||||
ConAgra Foods, Inc. 3.20%, 1/25/2023 | 100,000 | 92,829 | ||||||
Delhaize Group SA 5.70%, 10/1/2040 | 15,000 | 14,145 | ||||||
General Mills, Inc. 5.70%, 2/15/2017 | 305,000 | 344,048 | ||||||
Kellogg Co.: | ||||||||
2.75%, 3/1/2023 (a) | 100,000 | 90,432 | ||||||
3.13%, 5/17/2022 | 100,000 | 94,798 | ||||||
3.25%, 5/21/2018 | 65,000 | 68,012 | ||||||
Kraft Foods Group, Inc.: | ||||||||
2.25%, 6/5/2017 | 300,000 | 305,795 | ||||||
6.13%, 8/23/2018 | 100,000 | 116,334 | ||||||
6.88%, 1/26/2039 | 100,000 | 123,381 | ||||||
Kraft Foods, Inc. 6.50%, 2/9/2040 | 200,000 | 238,649 | ||||||
McCormick & Co., Inc. 3.50%, 9/1/2023 | 71,000 | 69,811 | ||||||
Mondelez International, Inc. 5.38%, 2/10/2020 | 150,000 | 169,234 | ||||||
The Hershey Co. 2.63%, 5/1/2023 | 100,000 | 91,898 | ||||||
Unilever Capital Corp.: | ||||||||
0.45%, 7/30/2015 (a) | 100,000 | 99,708 | ||||||
0.85%, 8/2/2017 (a) | 100,000 | 97,609 | ||||||
4.25%, 2/10/2021 (a) | 250,000 | 268,091 | ||||||
2,615,850 | ||||||||
GAS UTILITIES — 0.0% (b) | ||||||||
Atmos Energy Corp. 5.50%, 6/15/2041 | 100,000 | 107,421 | ||||||
National Grid PLC 6.30%, 8/1/2016 | 100,000 | 112,346 | ||||||
219,767 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.3% | ||||||||
Baxter International, Inc.: | ||||||||
2.40%, 8/15/2022 | 200,000 | 182,242 | ||||||
6.25%, 12/1/2037 | 155,000 | 185,616 | ||||||
Boston Scientific Corp.: | ||||||||
6.00%, 1/15/2020 | 100,000 | 115,221 | ||||||
6.40%, 6/15/2016 | 100,000 | 112,504 | ||||||
CareFusion Corp. 3.30%, 3/1/2023 (c) | 50,000 | 45,506 | ||||||
Covidien International Finance SA: | ||||||||
2.80%, 6/15/2015 | 100,000 | 102,880 | ||||||
2.95%, 6/15/2023 | 100,000 | 92,492 |
See accompanying notes to financial statements.
166
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CR Bard, Inc. 1.38%, 1/15/2018 | $ | 100,000 | $ | 97,253 | ||||
Medtronic, Inc.: | ||||||||
2.63%, 3/15/2016 (a) | 100,000 | 104,081 | ||||||
3.13%, 3/15/2022 (a) | 300,000 | 291,877 | ||||||
St. Jude Medical, Inc. 3.25%, 4/15/2023 | 150,000 | 139,927 | ||||||
Stryker Corp.: | ||||||||
1.30%, 4/1/2018 | 100,000 | 97,410 | ||||||
4.10%, 4/1/2043 (a) | 100,000 | 89,200 | ||||||
1,656,209 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 0.4% | ||||||||
Aetna, Inc.: | ||||||||
3.95%, 9/1/2020 | 150,000 | 157,094 | ||||||
4.50%, 5/15/2042 (a) | 150,000 | 139,936 | ||||||
Cardinal Health, Inc. 1.70%, 3/15/2018 | 57,000 | 55,888 | ||||||
CIGNA Corp.: | ||||||||
2.75%, 11/15/2016 | 150,000 | 156,044 | ||||||
4.00%, 2/15/2022 (a) | 50,000 | 51,017 | ||||||
5.38%, 2/15/2042 (a) | 70,000 | 73,410 | ||||||
Express Scripts Holding Co. 3.90%, 2/15/2022 | 250,000 | 249,868 | ||||||
Howard Hughes Medical Institute 3.50%, 9/1/2023 | 50,000 | 48,844 | ||||||
Humana, Inc. 4.63%, 12/1/2042 | 100,000 | 90,198 | ||||||
Laboratory Corp. of America Holdings 2.20%, 8/23/2017 (a) | 200,000 | 199,526 | ||||||
McKesson Corp. 4.75%, 3/1/2021 | 100,000 | 106,506 | ||||||
Quest Diagnostics, Inc. 6.95%, 7/1/2037 | 100,000 | 109,931 | ||||||
UnitedHealth Group, Inc.: | ||||||||
4.63%, 11/15/2041 | 250,000 | 238,029 | ||||||
5.95%, 2/15/2041 | 20,000 | 22,792 | ||||||
6.00%, 2/15/2018 | 200,000 | 231,518 | ||||||
6.88%, 2/15/2038 | 56,000 | 70,195 | ||||||
WellPoint, Inc.: | ||||||||
3.30%, 1/15/2023 | 50,000 | 46,798 | ||||||
3.70%, 8/15/2021 | 100,000 | 99,621 | ||||||
4.63%, 5/15/2042 | 100,000 | 92,268 | ||||||
4.65%, 1/15/2043 | 100,000 | 92,566 | ||||||
5.88%, 6/15/2017 | 100,000 | 113,026 | ||||||
5.95%, 12/15/2034 | 68,000 | 74,499 | ||||||
2,519,574 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.2% | ||||||||
Carnival Corp. 3.95%, 10/15/2020 | 67,000 | 66,650 | ||||||
Darden Restaurants, Inc. 3.35%, 11/1/2022 | 100,000 | 85,698 | ||||||
Marriott International, Inc. 3.38%, 10/15/2020 | 125,000 | 123,700 | ||||||
McDonald’s Corp.: | ||||||||
5.35%, 3/1/2018 | 210,000 | 239,450 | ||||||
6.30%, 10/15/2037 | 100,000 | 123,657 | ||||||
Starbucks Corp. 0.88%, 12/5/2016 | 71,000 | 70,590 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. 3.13%, 2/15/2023 | 78,000 | 71,769 | ||||||
Wyndham Worldwide Corp. 2.95%, 3/1/2017 (a) | 200,000 | 202,795 | ||||||
Yum! Brands, Inc. 3.75%, 11/1/2021 (a) | 250,000 | 244,881 | ||||||
1,229,190 | ||||||||
HOUSEHOLD DURABLES — 0.0% (b) | ||||||||
Newell Rubbermaid, Inc. 4.70%, 8/15/2020 | 100,000 | 105,478 | ||||||
HOUSEHOLD PRODUCTS — 0.1% | ||||||||
Colgate-Palmolive Co.: | ||||||||
1.30%, 1/15/2017 (a) | 100,000 | 99,032 | ||||||
1.95%, 2/1/2023 | 100,000 | 87,261 | ||||||
Kimberly-Clark Corp.: | ||||||||
2.40%, 3/1/2022 | 100,000 | 93,210 | ||||||
5.30%, 3/1/2041 | 45,000 | 48,422 | ||||||
6.63%, 8/1/2037 | 100,000 | 124,841 | ||||||
The Procter & Gamble Co.: | ||||||||
1.80%, 11/15/2015 | 350,000 | 358,032 | ||||||
5.55%, 3/5/2037 | 100,000 | 113,513 | ||||||
924,311 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.1% | ||||||||
Cooper US, Inc. 3.88%, 12/15/2020 | 50,000 | 52,225 | ||||||
Crane Co. 4.45%, 12/15/2023 | 50,000 | 50,090 | ||||||
General Electric Co.: | ||||||||
0.85%, 10/9/2015 | 75,000 | 75,415 | ||||||
5.25%, 12/6/2017 | 300,000 | 339,862 | ||||||
Koninklijke Philips Electronics NV 3.75%, 3/15/2022 | 100,000 | 99,946 | ||||||
Tyco Electronics Group SA 4.88%, 1/15/2021 | 100,000 | 103,722 | ||||||
721,260 | ||||||||
INSURANCE — 1.0% | ||||||||
ACE INA Holdings, Inc.: | ||||||||
2.70%, 3/13/2023 | 100,000 | 91,471 | ||||||
5.70%, 2/15/2017 | 100,000 | 111,665 | ||||||
Aflac, Inc. 3.45%, 8/15/2015 | 100,000 | 104,368 | ||||||
American International Group, Inc.: | ||||||||
5.45%, 5/18/2017 | 490,000 | 546,894 | ||||||
6.25%, 3/15/2087 | 100,000 | 99,750 | ||||||
8.18%, 5/15/2068 (d) | 106,000 | 127,200 | ||||||
8.25%, 8/15/2018 | 250,000 | 312,523 | ||||||
AON Corp. 3.13%, 5/27/2016 | 100,000 | 104,028 | ||||||
Aon PLC 4.00%, 11/27/2023 | 100,000 | 97,778 | ||||||
Arch Capital Group US, Inc. 5.14%, 11/1/2043 | 50,000 | 50,376 | ||||||
Assurant, Inc. 4.00%, 3/15/2023 | 100,000 | 95,481 | ||||||
AXA SA 8.60%, 12/15/2030 | 100,000 | 123,250 |
See accompanying notes to financial statements.
167
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Berkshire Hathaway Finance Corp.: | ||||||||
2.00%, 8/15/2018 | $ | 100,000 | $ | 99,396 | ||||
4.30%, 5/15/2043 | 50,000 | 44,668 | ||||||
Berkshire Hathaway, Inc.: | ||||||||
1.90%, 1/31/2017 | 500,000 | 506,939 | ||||||
3.00%, 2/11/2023 | 50,000 | 47,101 | ||||||
3.75%, 8/15/2021 (a) | 100,000 | 101,609 | ||||||
CNA Financial Corp. 7.35%, 11/15/2019 | 100,000 | 120,934 | ||||||
Genworth Financial, Inc. 7.70%, 6/15/2020 | 100,000 | 118,632 | ||||||
Hartford Financial Services Group, Inc.: | ||||||||
4.00%, 3/30/2015 | 100,000 | 103,726 | ||||||
6.63%, 3/30/2040 | 100,000 | 120,014 | ||||||
ING US, Inc. 2.90%, 2/15/2018 | 100,000 | 101,998 | ||||||
Lincoln National Corp.: | ||||||||
4.00%, 9/1/2023 | 100,000 | 98,363 | ||||||
6.30%, 10/9/2037 | 100,000 | 114,665 | ||||||
Markel Corp. 3.63%, 3/30/2023 | 100,000 | 93,384 | ||||||
MetLife, Inc.: | ||||||||
5.70%, 6/15/2035 | 305,000 | 333,070 | ||||||
6.75%, 6/1/2016 | 500,000 | 567,367 | ||||||
Nationwide Financial Services, Inc., Series J 6.75%, 5/15/2067 | 100,000 | 98,000 | ||||||
Principal Financial Group, Inc. 1.85%, 11/15/2017 | 150,000 | 147,579 | ||||||
Prudential Financial, Inc.: | ||||||||
3.88%, 1/14/2015 | 135,000 | 139,580 | ||||||
4.50%, 11/16/2021 (a) | 600,000 | 638,536 | ||||||
5.63%, 6/15/2043 (d) | 57,000 | 56,002 | ||||||
5.80%, 11/16/2041 | 50,000 | 54,811 | ||||||
The Allstate Corp. 5.95%, 4/1/2036 | 165,000 | 187,190 | ||||||
The Chubb Corp.: | ||||||||
5.75%, 5/15/2018 | 100,000 | 114,549 | ||||||
6.00%, 5/11/2037 | 100,000 | 115,261 | ||||||
The Travelers Cos., Inc.: | ||||||||
3.90%, 11/1/2020 (a) | 100,000 | 104,844 | ||||||
5.75%, 12/15/2017 | 250,000 | 284,585 | ||||||
Willis Group Holdings PLC 5.75%, 3/15/2021 | 100,000 | 106,617 | ||||||
WR Berkley Corp. 4.63%, 3/15/2022 (a) | 100,000 | 101,137 | ||||||
XLIT, Ltd. 5.75%, 10/1/2021 | 100,000 | 112,569 | ||||||
6,697,910 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.0% (b) | ||||||||
Amazon.com, Inc. 1.20%, 11/29/2017 | 125,000 | 122,609 | ||||||
eBay, Inc. 0.70%, 7/15/2015 (a) | 38,000 | 38,101 | ||||||
Google, Inc. 2.13%, 5/19/2016 | 100,000 | 103,324 | ||||||
264,034 | ||||||||
IT SERVICES — 0.2% | ||||||||
Fiserv, Inc. 3.13%, 6/15/2016 | 100,000 | 104,111 | ||||||
International Business Machines Corp.: | ||||||||
0.55%, 2/6/2015 | 500,000 | 500,624 | ||||||
4.00%, 6/20/2042 (a) | 100,000 | 88,418 | ||||||
5.70%, 9/14/2017 | 210,000 | 240,604 | ||||||
5.88%, 11/29/2032 | 165,000 | 192,618 | ||||||
7.00%, 10/30/2025 | 100,000 | 125,811 | ||||||
1,252,186 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.0% (b) | ||||||||
Mattel, Inc. 2.50%, 11/1/2016 | 100,000 | 103,141 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.1% | ||||||||
Thermo Fisher Scientific, Inc.: | ||||||||
2.25%, 8/15/2016 | 350,000 | 359,771 | ||||||
3.15%, 1/15/2023 | 100,000 | 93,192 | ||||||
452,963 | ||||||||
MACHINERY — 0.2% | ||||||||
Caterpillar, Inc.: | ||||||||
2.60%, 6/26/2022 (a) | 125,000 | 116,302 | ||||||
3.80%, 8/15/2042 | 100,000 | 84,627 | ||||||
6.05%, 8/15/2036 | 165,000 | 189,629 | ||||||
Cummins, Inc. 4.88%, 10/1/2043 | 100,000 | 100,446 | ||||||
Danaher Corp. 2.30%, 6/23/2016 | 100,000 | 102,466 | ||||||
Deere & Co. 3.90%, 6/9/2042 | 150,000 | 131,526 | ||||||
Eaton Corp. 4.15%, 11/2/2042 | 100,000 | 89,246 | ||||||
Flowserve Corp. 4.00%, 11/15/2023 | 43,000 | 41,776 | ||||||
Illinois Tool Works, Inc.: | ||||||||
3.90%, 9/1/2042 | 100,000 | 85,544 | ||||||
4.88%, 9/15/2041 | 100,000 | 99,682 | ||||||
Ingersoll-Rand Global Holding Co., Ltd. 6.88%, 8/15/2018 | 100,000 | 117,370 | ||||||
Snap-On, Inc. 4.25%, 1/15/2018 | 100,000 | 107,488 | ||||||
Stanley Black & Decker, Inc. 3.40%, 12/1/2021 (a) | 60,000 | 58,744 | ||||||
Xylem, Inc. 3.55%, 9/20/2016 | 150,000 | 158,715 | ||||||
1,483,561 | ||||||||
MEDIA — 1.0% | ||||||||
21st Century Fox America, Inc. 4.50%, 2/15/2021 | 250,000 | 266,326 | ||||||
CBS Corp. 8.88%, 5/15/2019 | 200,000 | 253,591 | ||||||
Comcast Corp.: | ||||||||
4.25%, 1/15/2033 | 100,000 | 92,645 | ||||||
5.15%, 3/1/2020 (a) | 250,000 | 276,970 | ||||||
5.85%, 11/15/2015 | 97,000 | 106,015 | ||||||
5.88%, 2/15/2018 | 90,000 | 103,856 |
See accompanying notes to financial statements.
168
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.40%, 5/15/2038 | $ | 310,000 | $ | 358,876 | ||||
6.50%, 1/15/2017 | 80,000 | 91,870 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
5.20%, 3/15/2020 | 515,000 | 560,218 | ||||||
6.38%, 3/1/2041 | 150,000 | 155,510 | ||||||
Discovery Communications LLC: | ||||||||
4.38%, 6/15/2021 | 100,000 | 103,654 | ||||||
6.35%, 6/1/2040 | 250,000 | 277,692 | ||||||
International Game Technology 5.35%, 10/15/2023 | 100,000 | 102,614 | ||||||
NBCUniversal Media LLC: | ||||||||
2.88%, 4/1/2016 | 100,000 | 103,898 | ||||||
3.65%, 4/30/2015 (a) | 75,000 | 77,990 | ||||||
5.15%, 4/30/2020 | 335,000 | 373,022 | ||||||
News America, Inc. 6.15%, 3/1/2037 | 240,000 | 262,075 | ||||||
Omnicom Group, Inc. 4.45%, 8/15/2020 | 285,000 | 299,028 | ||||||
The Walt Disney Co.: | ||||||||
2.75%, 8/16/2021 | 100,000 | 95,618 | ||||||
3.75%, 6/1/2021 (a) | 100,000 | 102,228 | ||||||
4.38%, 8/16/2041 | 100,000 | 94,321 | ||||||
Thomson Reuters Corp.: | ||||||||
0.88%, 5/23/2016 | 100,000 | 99,198 | ||||||
4.70%, 10/15/2019 | 100,000 | 107,932 | ||||||
Time Warner Cable, Inc.: | ||||||||
4.00%, 9/1/2021 (a) | 100,000 | 92,145 | ||||||
5.50%, 9/1/2041 | 250,000 | 207,394 | ||||||
5.85%, 5/1/2017 | 230,000 | 251,111 | ||||||
6.55%, 5/1/2037 | 350,000 | 322,731 | ||||||
Time Warner, Inc.: | ||||||||
4.88%, 3/15/2020 | 600,000 | 652,358 | ||||||
4.90%, 6/15/2042 (a) | 100,000 | 94,916 | ||||||
7.70%, 5/1/2032 | 240,000 | 306,146 | ||||||
Viacom, Inc.: | ||||||||
3.50%, 4/1/2017 | 100,000 | 105,869 | ||||||
3.88%, 12/15/2021 (a) | 350,000 | 346,870 | ||||||
6,744,687 | ||||||||
METALS & MINING — 0.6% | ||||||||
Alcoa, Inc.: | ||||||||
5.40%, 4/15/2021 | 150,000 | 153,550 | ||||||
6.50%, 6/15/2018 | 100,000 | 111,239 | ||||||
6.75%, 1/15/2028 | 100,000 | 104,081 | ||||||
Allegheny Technologies, Inc. 5.88%, 8/15/2023 | 100,000 | 100,483 | ||||||
Barrick Gold Corp. 4.10%, 5/1/2023 | 100,000 | 90,307 | ||||||
Barrick North America Finance LLC 5.70%, 5/30/2041 | 100,000 | 86,450 | ||||||
Barrick PD Australia Finance Pty Ltd. 4.95%, 1/15/2020 (a) | 100,000 | 101,524 | ||||||
BHP Billiton Finance USA, Ltd.: | ||||||||
2.88%, 2/24/2022 | 250,000 | 238,878 | ||||||
6.50%, 4/1/2019 | 100,000 | 119,900 | ||||||
Cliffs Natural Resources, Inc. 4.88%, 4/1/2021 (a) | 200,000 | 194,838 | ||||||
Freeport-McMoRan Copper & Gold, Inc.: | ||||||||
1.40%, 2/13/2015 | 250,000 | 251,063 | ||||||
2.38%, 3/15/2018 | 100,000 | 99,948 | ||||||
3.88%, 3/15/2023 | 100,000 | 94,336 | ||||||
5.45%, 3/15/2043 | 100,000 | 95,585 | ||||||
Newmont Mining Corp. 6.25%, 10/1/2039 (a) | 100,000 | 87,396 | ||||||
Nucor Corp. 5.75%, 12/1/2017 (a) | 250,000 | 283,249 | ||||||
Rio Tinto Finance USA PLC: | ||||||||
3.50%, 3/22/2022 | 250,000 | 244,093 | ||||||
4.75%, 3/22/2042 | 250,000 | 241,907 | ||||||
Rio Tinto Finance USA, Ltd.: | ||||||||
1.88%, 11/2/2015 | 300,000 | 305,944 | ||||||
3.75%, 9/20/2021 | 100,000 | 99,948 | ||||||
Teck Resources, Ltd.: | ||||||||
2.50%, 2/1/2018 (a) | 100,000 | 100,628 | ||||||
3.75%, 2/1/2023 | 100,000 | 93,129 | ||||||
6.25%, 7/15/2041 | 200,000 | 198,811 | ||||||
Vale Overseas, Ltd.: | ||||||||
6.88%, 11/21/2036 | 330,000 | 342,766 | ||||||
6.88%, 11/10/2039 | 15,000 | 15,610 | ||||||
3,855,663 | ||||||||
MULTI-NATIONAL — 0.2% | ||||||||
African Development Bank 0.75%, 10/18/2016 | 150,000 | 149,822 | ||||||
European Bank for Reconstruction & Development 1.63%, 4/10/2018 | 150,000 | 150,461 | ||||||
European Investment Bank: | ||||||||
0.50%, 8/15/2016 (a) | 350,000 | 347,896 | ||||||
1.00%, 6/15/2018 | 250,000 | 242,453 | ||||||
1.75%, 3/15/2017 | 100,000 | 102,229 | ||||||
FMS Wertmanagement AoeR 1.00%, 11/21/2017 | 300,000 | 296,405 | ||||||
International Bank for Reconstruction & Development 2.13%, 11/1/2020 | 200,000 | 194,994 | ||||||
1,484,260 | ||||||||
MULTI-UTILITIES — 0.2% | ||||||||
American Water Capital Corp. 4.30%, 12/1/2042 | 100,000 | 90,906 | ||||||
Black Hills Corp. 4.25%, 11/30/2023 | 100,000 | 99,537 | ||||||
Dominion Resources, Inc.: | ||||||||
4.90%, 8/1/2041 (a) | 250,000 | 240,358 | ||||||
6.40%, 6/15/2018 | 250,000 | 292,502 | ||||||
DTE Energy Co. 6.38%, 4/15/2033 | 150,000 | 171,570 | ||||||
MidAmerican Energy Holdings Co. 6.13%, 4/1/2036 | 255,000 | 289,668 | ||||||
Sempra Energy 2.30%, 4/1/2017 | 150,000 | 152,271 | ||||||
1,336,812 | ||||||||
See accompanying notes to financial statements.
169
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MULTILINE RETAIL — 0.1% | ||||||||
Macy’s Retail Holdings, Inc.: | ||||||||
2.88%, 2/15/2023 (a) | $ | 114,000 | $ | 103,399 | ||||
4.38%, 9/1/2023 | 90,000 | 90,829 | ||||||
6.70%, 7/15/2034 | 50,000 | 56,689 | ||||||
Nordstrom, Inc. 4.00%, 10/15/2021 (a) | 100,000 | 102,643 | ||||||
Target Corp.: | ||||||||
2.90%, 1/15/2022 | 250,000 | 239,445 | ||||||
4.00%, 7/1/2042 | 200,000 | 172,626 | ||||||
5.88%, 7/15/2016 | 100,000 | 112,822 | ||||||
878,453 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Xerox Corp. 2.95%, 3/15/2017 | 300,000 | 311,287 | ||||||
OIL, GAS & CONSUMABLE FUELS — 2.6% | ||||||||
Anadarko Petroleum Corp.: | ||||||||
5.95%, 9/15/2016 | 380,000 | 423,741 | ||||||
6.45%, 9/15/2036 | 100,000 | 112,844 | ||||||
Apache Corp.: | ||||||||
5.10%, 9/1/2040 | 100,000 | 100,921 | ||||||
5.63%, 1/15/2017 (a) | 250,000 | 279,274 | ||||||
Baker Hughes, Inc. 3.20%, 8/15/2021 (a) | 150,000 | 148,921 | ||||||
BP Capital Markets PLC: | ||||||||
1.38%, 5/10/2018 | 100,000 | 97,249 | ||||||
2.24%, 9/26/2018 | 100,000 | 100,237 | ||||||
3.56%, 11/1/2021 | 100,000 | 100,499 | ||||||
4.74%, 3/11/2021 (a) | 200,000 | 217,830 | ||||||
Buckeye Partners LP 2.65%, 11/15/2018 | 100,000 | 98,656 | ||||||
Canadian Natural Resources, Ltd.: | ||||||||
6.25%, 3/15/2038 | 105,000 | 117,797 | ||||||
6.50%, 2/15/2037 | 250,000 | 286,203 | ||||||
Cenovus Energy, Inc.: | ||||||||
4.45%, 9/15/2042 | 100,000 | 89,698 | ||||||
6.75%, 11/15/2039 | 100,000 | 118,759 | ||||||
CenterPoint Energy Resources Corp. 6.13%, 11/1/2017 | 100,000 | 114,597 | ||||||
Chevron Corp. 1.10%, 12/5/2017 | 100,000 | 97,678 | ||||||
Conoco, Inc. 6.95%, 4/15/2029 | 100,000 | 125,896 | ||||||
ConocoPhillips 5.90%, 10/15/2032 | 250,000 | 281,252 | ||||||
ConocoPhillips Canada Funding Co. 5.63%, 10/15/2016 | 580,000 | 651,781 | ||||||
DCP Midstream Operating LP 3.88%, 3/15/2023 (a) | 50,000 | 46,141 | ||||||
Devon Energy Corp.: | ||||||||
6.30%, 1/15/2019 | 100,000 | 115,996 | ||||||
7.95%, 4/15/2032 | 200,000 | 261,117 | ||||||
Enbridge Energy Partners LP, Series B 7.50%, 4/15/2038 | 100,000 | 118,092 | ||||||
EnCana Corp. 5.15%, 11/15/2041 (a) | 206,000 | 194,574 | ||||||
Encana Corp. 5.90%, 12/1/2017 | 100,000 | 113,457 | ||||||
Energy Transfer Partners LP: | ||||||||
6.50%, 2/1/2042 | 250,000 | 268,657 | ||||||
6.70%, 7/1/2018 | 100,000 | 115,980 | ||||||
Ensco PLC 4.70%, 3/15/2021 | 100,000 | 105,898 | ||||||
Enterprise Products Operating LLC: | ||||||||
3.20%, 2/1/2016 | 150,000 | 156,895 | ||||||
4.85%, 8/15/2042 | 250,000 | 235,171 | ||||||
5.20%, 9/1/2020 (a) | 200,000 | 222,095 | ||||||
6.30%, 9/15/2017 | 50,000 | 57,761 | ||||||
EOG Resources, Inc.: | ||||||||
4.10%, 2/1/2021 | 100,000 | 104,454 | ||||||
5.63%, 6/1/2019 | 129,000 | 149,034 | ||||||
FMC Technologies, Inc. 2.00%, 10/1/2017 | 100,000 | 98,793 | ||||||
Hess Corp. 5.60%, 2/15/2041 | 350,000 | 364,694 | ||||||
Husky Energy, Inc. 3.95%, 4/15/2022 (a) | 250,000 | 250,741 | ||||||
Kinder Morgan Energy Partners LP: | ||||||||
3.95%, 9/1/2022 | 500,000 | 487,527 | ||||||
5.63%, 9/1/2041 | 50,000 | 49,851 | ||||||
5.80%, 3/15/2035 | 175,000 | 178,513 | ||||||
Marathon Oil Corp. 6.80%, 3/15/2032 | 100,000 | 116,269 | ||||||
Marathon Petroleum Corp.: | ||||||||
3.50%, 3/1/2016 | 55,000 | 57,981 | ||||||
6.50%, 3/1/2041 | 49,000 | 55,615 | ||||||
Nexen, Inc. 5.88%, 3/10/2035 | 100,000 | 107,315 | ||||||
Noble Energy, Inc. 5.25%, 11/15/2043 | 100,000 | 99,757 | ||||||
Noble Holding International, Ltd.: | ||||||||
3.05%, 3/1/2016 (a) | 100,000 | 103,583 | ||||||
3.95%, 3/15/2022 | 100,000 | 98,090 | ||||||
Occidental Petroleum Corp.: | ||||||||
1.50%, 2/15/2018 | 400,000 | 393,093 | ||||||
2.50%, 2/1/2016 (a) | 100,000 | 103,683 | ||||||
ONEOK Partners LP: | ||||||||
3.20%, 9/15/2018 | 125,000 | 127,976 | ||||||
6.13%, 2/1/2041 | 100,000 | 106,407 | ||||||
ONEOK, Inc. 4.25%, 2/1/2022 (a) | 250,000 | 236,102 | ||||||
Pemex Project Funding Master Trust: | ||||||||
5.75%, 3/1/2018 | 100,000 | 111,760 | ||||||
6.63%, 6/15/2035 | 215,000 | 225,750 | ||||||
Petro-Canada 5.95%, 5/15/2035 | 100,000 | 109,659 | ||||||
Petrobras Global Finance BV: | ||||||||
4.38%, 5/20/2023 (a) | 150,000 | 133,813 | ||||||
5.63%, 5/20/2043 | 83,000 | 67,401 | ||||||
Petrobras International Finance Co.: | ||||||||
3.50%, 2/6/2017 | 600,000 | 605,119 | ||||||
3.88%, 1/27/2016 | 100,000 | 103,033 | ||||||
5.75%, 1/20/2020 (a) | 105,000 | 108,473 | ||||||
6.75%, 1/27/2041 | 100,000 | 93,253 | ||||||
6.88%, 1/20/2040 | 105,000 | 99,524 |
See accompanying notes to financial statements.
170
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Petroleos Mexicanos: | ||||||||
3.50%, 7/18/2018 (a) | $ | 100,000 | $ | 102,750 | ||||
4.88%, 1/24/2022 | 500,000 | 514,500 | ||||||
4.88%, 1/18/2024 | 150,000 | 149,625 | ||||||
5.50%, 6/27/2044 (a) | 125,000 | 115,312 | ||||||
6.50%, 6/2/2041 (e) | 150,000 | 156,750 | ||||||
Phillips 66 5.88%, 5/1/2042 | 250,000 | 271,103 | ||||||
Pioneer Natural Resources Co. 7.20%, 1/15/2028 | 100,000 | 119,338 | ||||||
Plains All American Pipeline LP/PAA Finance Corp.: | ||||||||
2.85%, 1/31/2023 | 100,000 | 90,763 | ||||||
4.30%, 1/31/2043 | 100,000 | 86,469 | ||||||
6.50%, 5/1/2018 (a) | 100,000 | 116,830 | ||||||
Rowan Cos., Inc. 5.40%, 12/1/2042 | 100,000 | 92,423 | ||||||
Schlumberger Investment SA 3.65%, 12/1/2023 | 42,000 | 41,561 | ||||||
Shell International Finance BV: | ||||||||
1.13%, 8/21/2017 | 100,000 | 98,895 | ||||||
3.10%, 6/28/2015 | 300,000 | 311,414 | ||||||
3.25%, 9/22/2015 (a) | 54,000 | 56,513 | ||||||
4.55%, 8/12/2043 | 100,000 | 97,208 | ||||||
6.38%, 12/15/2038 | 220,000 | 269,501 | ||||||
Southern Natural Gas Co. 5.90%, 4/1/2017 (c) | 580,000 | 648,526 | ||||||
Spectra Energy Capital LLC 8.00%, 10/1/2019 | 100,000 | 121,285 | ||||||
Statoil ASA: | ||||||||
2.90%, 11/8/2020 | 120,000 | 118,981 | ||||||
3.13%, 8/17/2017 | 100,000 | 105,253 | ||||||
3.15%, 1/23/2022 | 50,000 | 49,100 | ||||||
4.25%, 11/23/2041 | 50,000 | 46,186 | ||||||
5.10%, 8/17/2040 | 225,000 | 233,492 | ||||||
Suncor Energy, Inc. 6.10%, 6/1/2018 (a) | 200,000 | 231,215 | ||||||
Talisman Energy, Inc. 3.75%, 2/1/2021 | 150,000 | 146,282 | ||||||
Total Capital International SA: | ||||||||
1.00%, 8/12/2016 | 250,000 | 250,543 | ||||||
2.88%, 2/17/2022 | 350,000 | 334,223 | ||||||
TransCanada PipeLines, Ltd.: | ||||||||
2.50%, 8/1/2022 (a) | 100,000 | 91,540 | ||||||
6.10%, 6/1/2040 | 100,000 | 114,009 | ||||||
6.50%, 8/15/2018 | 250,000 | 294,731 | ||||||
TransCanada Pipelines, Ltd. 7.63%, 1/15/2039 | 100,000 | 132,948 | ||||||
Transocean, Inc.: | ||||||||
6.00%, 3/15/2018 (a) | 55,000 | 61,731 | ||||||
6.80%, 3/15/2038 | 250,000 | 278,225 | ||||||
Valero Energy Corp.: | ||||||||
6.13%, 2/1/2020 | 65,000 | 74,056 | ||||||
6.63%, 6/15/2037 | 100,000 | 114,062 | ||||||
Western Gas Partners LP 2.60%, 8/15/2018 | 100,000 | 99,404 | ||||||
Williams Cos., Inc. 8.75%, 3/15/2032 | 125,000 | 148,079 | ||||||
Williams Partners LP: | ||||||||
3.35%, 8/15/2022 | 100,000 | 92,822 | ||||||
4.00%, 11/15/2021 (a) | 50,000 | 49,475 | ||||||
5.25%, 3/15/2020 | 110,000 | 119,962 | ||||||
6.30%, 4/15/2040 | 35,000 | 37,760 | ||||||
17,207,775 | ||||||||
PAPER & FOREST PRODUCTS — 0.1% | ||||||||
Domtar Corp. 6.25%, 9/1/2042 | 100,000 | 95,562 | ||||||
Georgia-Pacific LLC 7.25%, 6/1/2028 | 190,000 | 229,652 | ||||||
International Paper Co.: | ||||||||
6.00%, 11/15/2041 | 20,000 | 21,717 | ||||||
7.50%, 8/15/2021 | 250,000 | 307,775 | ||||||
Plum Creek Timberlands LP 3.25%, 3/15/2023 | 100,000 | 89,906 | ||||||
744,612 | ||||||||
PERSONAL PRODUCTS — 0.0% (b) | ||||||||
The Estee Lauder Cos., Inc. 3.70%, 8/15/2042 | 100,000 | 81,689 | ||||||
PHARMACEUTICALS — 0.9% | ||||||||
Abbott Laboratories: | ||||||||
5.13%, 4/1/2019 | 99,000 | 110,789 | ||||||
6.00%, 4/1/2039 | 125,000 | 146,891 | ||||||
AbbVie, Inc.: | ||||||||
1.75%, 11/6/2017 | 250,000 | 250,483 | ||||||
2.90%, 11/6/2022 | 100,000 | 93,452 | ||||||
4.40%, 11/6/2042 | 250,000 | 232,766 | ||||||
Allergan, Inc. 2.80%, 3/15/2023 | 100,000 | 92,606 | ||||||
AstraZeneca PLC: | ||||||||
5.90%, 9/15/2017 (a) | 150,000 | 171,437 | ||||||
6.45%, 9/15/2037 | 75,000 | 89,460 | ||||||
Bristol-Myers Squibb Co. 6.13%, 5/1/2038 | 250,000 | 295,392 | ||||||
Eli Lilly & Co. 5.20%, 3/15/2017 (a) | 225,000 | 252,175 | ||||||
Express Scripts Holding Co. 2.65%, 2/15/2017 | 200,000 | 206,445 | ||||||
GlaxoSmithKline Capital PLC 1.50%, 5/8/2017 | 200,000 | 200,079 | ||||||
GlaxoSmithKline Capital, Inc.: | ||||||||
5.65%, 5/15/2018 | 150,000 | 172,349 | ||||||
6.38%, 5/15/2038 | 355,000 | 432,127 | ||||||
Johnson & Johnson: | ||||||||
2.15%, 5/15/2016 | 100,000 | 103,463 | ||||||
3.55%, 5/15/2021 (a) | 250,000 | 259,579 | ||||||
4.85%, 5/15/2041 | 100,000 | 104,732 | ||||||
McKesson Corp. 2.85%, 3/15/2023 | 100,000 | 90,440 | ||||||
Medco Health Solutions, Inc. 4.13%, 9/15/2020 | 100,000 | 103,659 | ||||||
Merck & Co, Inc.: | ||||||||
2.80%, 5/18/2023 | 150,000 | 138,734 | ||||||
4.15%, 5/18/2043 | 100,000 | 91,345 | ||||||
6.55%, 9/15/2037 | 200,000 | 247,711 | ||||||
Mylan Inc/PA 2.55%, 3/28/2019 | 56,000 | 55,409 |
See accompanying notes to financial statements.
171
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Novartis Securities Investment, Ltd. 5.13%, 2/10/2019 | $ | 300,000 | $ | 337,726 | ||||
Pfizer, Inc.: | ||||||||
5.35%, 3/15/2015 | 200,000 | 211,453 | ||||||
6.20%, 3/15/2019 | 135,000 | 160,047 | ||||||
Sanofi: | ||||||||
2.63%, 3/29/2016 | 100,000 | 103,788 | ||||||
4.00%, 3/29/2021 | 125,000 | 130,534 | ||||||
Schering-Plough Corp. 6.00%, 9/15/2017 | 305,000 | 351,568 | ||||||
Teva Pharmaceutical Finance IV BV 3.65%, 11/10/2021 | 200,000 | 195,218 | ||||||
Teva Pharmaceutical Finance IV LLC 2.25%, 3/18/2020 | 150,000 | 142,286 | ||||||
Watson Pharmaceuticals, Inc. 3.25%, 10/1/2022 | 200,000 | 187,077 | ||||||
Wyeth 5.95%, 4/1/2037 | 240,000 | 280,413 | ||||||
Zeneca Wilmington, Inc. 7.00%, 11/15/2023 | 55,000 | 68,056 | ||||||
Zoetis, Inc.: | ||||||||
3.25%, 2/1/2023 | 42,000 | 39,293 | ||||||
4.70%, 2/1/2043 | 60,000 | 56,443 | ||||||
6,205,425 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 0.6% | ||||||||
BioMed Realty LP 3.85%, 4/15/2016 | 25,000 | 26,106 | ||||||
Boston Properties LP: | ||||||||
4.13%, 5/15/2021 | 200,000 | 203,402 | ||||||
5.63%, 11/15/2020 | 50,000 | 56,415 | ||||||
Camden Property Trust 4.88%, 6/15/2023 | 250,000 | 260,334 | ||||||
DDR Corp. 3.38%, 5/15/2023 | 100,000 | 91,276 | ||||||
Digital Realty Trust LP 3.63%, 10/1/2022 | 100,000 | 90,829 | ||||||
Duke Realty LP 6.75%, 3/15/2020 | 25,000 | 28,453 | ||||||
ERP Operating LP: | ||||||||
5.13%, 3/15/2016 | 250,000 | 270,631 | ||||||
5.75%, 6/15/2017 (a) | 100,000 | 111,689 | ||||||
HCP, Inc. 5.38%, 2/1/2021 | 100,000 | 108,488 | ||||||
Health Care REIT, Inc.: | ||||||||
4.13%, 4/1/2019 | 500,000 | 527,917 | ||||||
5.25%, 1/15/2022 | 100,000 | 106,208 | ||||||
6.20%, 6/1/2016 | 150,000 | 166,193 | ||||||
Host Hotels & Resorts LP 4.75%, 3/1/2023 | 50,000 | 50,303 | ||||||
Kilroy Realty LP 3.80%, 1/15/2023 (a) | 100,000 | 93,522 | ||||||
Liberty Property LP: | ||||||||
3.38%, 6/15/2023 | 50,000 | 45,499 | ||||||
4.40%, 2/15/2024 | 63,000 | 61,554 | ||||||
National Retail Properties, Inc. 3.30%, 4/15/2023 (a) | 50,000 | 45,210 | ||||||
Post Apartment Homes LP 3.38%, 12/1/2022 | 25,000 | 23,289 | ||||||
ProLogis LP: | ||||||||
2.75%, 2/15/2019 | 86,000 | 85,804 | ||||||
3.35%, 2/1/2021 | 100,000 | 97,424 | ||||||
4.50%, 8/15/2017 | 20,000 | 21,292 | ||||||
Realty Income Corp. 5.88%, 3/15/2035 | 50,000 | 52,033 | ||||||
Simon Property Group LP: | ||||||||
2.15%, 9/15/2017 (a) | 500,000 | 505,922 | ||||||
4.20%, 2/1/2015 (a) | 300,000 | 308,543 | ||||||
Ventas Realty LP/Ventas Capital Corp.: | ||||||||
2.00%, 2/15/2018 | 100,000 | 98,292 | ||||||
2.70%, 4/1/2020 | 100,000 | 95,607 | ||||||
Vornado Realty LP 4.25%, 4/1/2015 | 100,000 | 103,169 | ||||||
Weyerhaeuser Co. 4.63%, 9/15/2023 | 200,000 | 203,399 | ||||||
3,938,803 | ||||||||
ROAD & RAIL — 0.3% | ||||||||
Burlington Northern Santa Fe LLC: | ||||||||
3.45%, 9/15/2021 | 350,000 | 346,548 | ||||||
4.38%, 9/1/2042 | 100,000 | 89,828 | ||||||
4.95%, 9/15/2041 | 100,000 | 98,148 | ||||||
Canadian National Railway Co.: | ||||||||
2.25%, 11/15/2022 | 100,000 | 89,772 | ||||||
2.85%, 12/15/2021 | 100,000 | 95,808 | ||||||
Canadian Pacific Railway Co. 9.45%, 8/1/2021 | 100,000 | 132,202 | ||||||
Canadian Pacific Railway, Ltd. 4.50%, 1/15/2022 | 100,000 | 103,357 | ||||||
CSX Corp.: | ||||||||
6.15%, 5/1/2037 | 165,000 | 186,133 | ||||||
6.25%, 4/1/2015 | 250,000 | 266,955 | ||||||
Norfolk Southern Corp.: | ||||||||
2.90%, 2/15/2023 | 35,000 | 32,400 | ||||||
4.84%, 10/1/2041 | 100,000 | 96,459 | ||||||
7.70%, 5/15/2017 | 230,000 | 274,302 | ||||||
Ryder System, Inc. 2.50%, 3/1/2018 | 100,000 | 99,576 | ||||||
Union Pacific Corp.: | ||||||||
3.65%, 2/15/2024 (c) | 92,000 | 89,180 | ||||||
4.82%, 2/1/2044 (c) | 205,000 | 200,070 | ||||||
United Parcel Service, Inc. 1.13%, 10/1/2017 | 50,000 | 49,431 | ||||||
2,250,169 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.1% | ||||||||
Altera Corp. 2.50%, 11/15/2018 | 100,000 | 98,920 | ||||||
Applied Materials, Inc. 5.85%, 6/15/2041 | 100,000 | 103,541 | ||||||
Broadcom Corp. 2.50%, 8/15/2022 | 100,000 | 90,467 | ||||||
Intel Corp.: | ||||||||
1.35%, 12/15/2017 | 150,000 | 148,467 | ||||||
4.25%, 12/15/2042 (a) | 150,000 | 131,929 | ||||||
4.80%, 10/1/2041 | 185,000 | 176,905 |
See accompanying notes to financial statements.
172
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Texas Instruments, Inc.: | ||||||||
0.45%, 8/3/2015 | $ | 100,000 | $ | 99,817 | ||||
2.38%, 5/16/2016 | 100,000 | 103,684 | ||||||
953,730 | ||||||||
SOFTWARE — 0.3% | ||||||||
CA, Inc. 4.50%, 8/15/2023 | 150,000 | 148,755 | ||||||
Microsoft Corp.: | ||||||||
2.38%, 5/1/2023 (a) | 100,000 | 90,307 | ||||||
3.00%, 10/1/2020 | 400,000 | 405,936 | ||||||
3.50%, 11/15/2042 | 100,000 | 81,198 | ||||||
3.63%, 12/15/2023 | 100,000 | 100,145 | ||||||
Oracle Corp.: | ||||||||
1.20%, 10/15/2017 | 125,000 | 123,224 | ||||||
2.50%, 10/15/2022 | 100,000 | 91,013 | ||||||
5.75%, 4/15/2018 | 200,000 | 231,228 | ||||||
6.13%, 7/8/2039 | 350,000 | 409,459 | ||||||
1,681,265 | ||||||||
SPECIALTY RETAIL — 0.2% | ||||||||
AutoZone, Inc. 3.13%, 7/15/2023 | 100,000 | 90,830 | ||||||
Dollar General Corp. 1.88%, 4/15/2018 | 100,000 | 98,121 | ||||||
Kohl’s Corp. 3.25%, 2/1/2023 (a) | 100,000 | 91,413 | ||||||
Lowe’s Cos., Inc.: | ||||||||
2.13%, 4/15/2016 (a) | 100,000 | 103,078 | ||||||
5.50%, 10/15/2035 | 250,000 | 266,601 | ||||||
The Gap, Inc. 5.95%, 4/12/2021 | 100,000 | 110,495 | ||||||
The Home Depot, Inc.: | ||||||||
4.88%, 2/15/2044 | 100,000 | 100,453 | ||||||
5.40%, 3/1/2016 | 255,000 | 280,633 | ||||||
5.95%, 4/1/2041 | 250,000 | 289,049 | ||||||
TJX Cos., Inc. 2.50%, 5/15/2023 | 100,000 | 90,514 | ||||||
1,521,187 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.0% (b) | ||||||||
NIKE, Inc. 2.25%, 5/1/2023 | 50,000 | 45,032 | ||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Murray Street Investment Trust I 4.65%, 3/9/2017 | 500,000 | 539,286 | ||||||
Santander Holdings USA, Inc.: | ||||||||
3.00%, 9/24/2015 | 30,000 | 30,773 | ||||||
3.45%, 8/27/2018 | 100,000 | 101,340 | ||||||
671,399 | ||||||||
TOBACCO — 0.2% | ||||||||
Altria Group, Inc.: | ||||||||
2.95%, 5/2/2023 | 100,000 | 90,735 | ||||||
4.13%, 9/11/2015 | 250,000 | 263,804 | ||||||
4.75%, 5/5/2021 | 60,000 | 64,387 | ||||||
9.70%, 11/10/2018 | 68,000 | 89,396 | ||||||
9.95%, 11/10/2038 | 33,000 | 50,335 | ||||||
Lorillard Tobacco Co.: | ||||||||
2.30%, 8/21/2017 | 100,000 | 100,389 | ||||||
3.50%, 8/4/2016 (a) | 45,000 | 47,343 | ||||||
Philip Morris International, Inc.: | ||||||||
2.90%, 11/15/2021 | 500,000 | 479,263 | ||||||
5.65%, 5/16/2018 | 150,000 | 172,362 | ||||||
Reynolds American, Inc. 4.75%, 11/1/2042 | 100,000 | 89,663 | ||||||
1,447,677 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.0% (b) | ||||||||
GATX Corp.: | ||||||||
2.38%, 7/30/2018 | 46,000 | 45,052 | ||||||
2.50%, 3/15/2019 | 67,000 | 65,912 | ||||||
110,964 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.7% | ||||||||
Alltel Corp. 7.00%, 3/15/2016 | 82,000 | 92,098 | ||||||
America Movil SAB de CV: | ||||||||
2.38%, 9/8/2016 | 500,000 | 512,194 | ||||||
5.00%, 3/30/2020 | 100,000 | 109,008 | ||||||
6.13%, 3/30/2040 | 175,000 | 186,390 | ||||||
American Tower Corp.: | ||||||||
5.00%, 2/15/2024 | 90,000 | 90,656 | ||||||
5.90%, 11/1/2021 | 100,000 | 107,732 | ||||||
AT&T Corp. 8.00%, 11/15/2031 | 16,000 | 21,522 | ||||||
AT&T, Inc.: | ||||||||
1.60%, 2/15/2017 | 100,000 | 100,646 | ||||||
4.45%, 5/15/2021 | 450,000 | 471,374 | ||||||
5.35%, 9/1/2040 | 320,000 | 317,916 | ||||||
6.55%, 2/15/2039 | 100,000 | 113,518 | ||||||
Deutsche Telekom International Finance BV 6.75%, 8/20/2018 | 310,000 | 367,507 | ||||||
Embarq Corp. 8.00%, 6/1/2036 | 100,000 | 101,750 | ||||||
France Telecom SA: | ||||||||
2.13%, 9/16/2015 | 100,000 | 101,924 | ||||||
4.13%, 9/14/2021 | 350,000 | 352,693 | ||||||
Koninklijke KPN NV 8.38%, 10/1/2030 | 75,000 | 95,077 | ||||||
Rogers Communications, Inc. 6.80%, 8/15/2018 | 150,000 | 176,996 | ||||||
Telefonica Emisiones SAU 4.95%, 1/15/2015 (a) | 210,000 | 218,068 | ||||||
US Cellular Corp. 6.70%, 12/15/2033 | 200,000 | 189,572 | ||||||
Vodafone Group PLC: | ||||||||
2.95%, 2/19/2023 | 200,000 | 182,803 | ||||||
5.63%, 2/27/2017 | 490,000 | 548,230 | ||||||
4,457,674 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $165,269,812) | 166,361,188 | |||||||
FOREIGN GOVERNMENT OBLIGATIONS — 2.1% | ||||||||
Brazilian Government International Bond: | ||||||||
4.88%, 1/22/2021 (e) | 850,000 | 895,475 | ||||||
7.88%, 3/7/2015 (e) | 100,000 | 107,500 | ||||||
11.00%, 8/17/2040 | 150,000 | 170,625 |
See accompanying notes to financial statements.
173
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Canada Government International Bond 0.88%, 2/14/2017 | $ | 250,000 | $ | 250,167 | ||||
Chile Government International Bond 3.25%, 9/14/2021 (e) | 100,000 | 99,250 | ||||||
China Development Bank Corp. 5.00%, 10/15/2015 | 100,000 | 106,270 | ||||||
Colombia Government International Bond: | ||||||||
2.63%, 3/15/2023 | 100,000 | 87,600 | ||||||
7.38%, 3/18/2019 | 200,000 | 241,000 | ||||||
7.38%, 9/18/2037 | 250,000 | 309,063 | ||||||
Export Development Canada 2.25%, 5/28/2015 | 200,000 | 205,442 | ||||||
Federal Republic of Brazil 8.25%, 1/20/2034 (e) | 360,000 | 460,800 | ||||||
Israel Government International Bond: | ||||||||
4.00%, 6/30/2022 | 100,000 | 103,875 | ||||||
5.13%, 3/26/2019 | 100,000 | 113,875 | ||||||
Italy Government International Bond 5.25%, 9/20/2016 | 500,000 | 542,118 | ||||||
Japan Bank for International Cooperation: | ||||||||
1.13%, 7/19/2017 | 200,000 | 199,082 | ||||||
1.75%, 7/31/2018 | 200,000 | 198,618 | ||||||
3.38%, 7/31/2023 | 200,000 | 196,224 | ||||||
Japan Finance Corp. 2.25%, 7/13/2016 | 250,000 | 259,067 | ||||||
Japan Finance Organization for Municipalities 4.00%, 1/13/2021 | 100,000 | 106,635 | ||||||
Mexico Government International Bond: | ||||||||
3.63%, 3/15/2022 (e) | 934,000 | 926,061 | ||||||
4.75%, 3/8/2044 | 200,000 | 181,500 | ||||||
5.75%, 10/12/2049 | 300,000 | 280,500 | ||||||
6.75%, 9/27/2034 (e) | 50,000 | 58,925 | ||||||
Oesterreichische Kontrollbank AG 1.13%, 5/29/2018 | 200,000 | 195,242 | ||||||
Panama Government International Bond: | ||||||||
5.20%, 1/30/2020 (e) | 50,000 | 54,675 | ||||||
6.70%, 1/26/2036 | 200,000 | 223,500 | ||||||
Philippine Government International Bond: | ||||||||
4.00%, 1/15/2021 | 350,000 | 363,563 | ||||||
5.00%, 1/13/2037 | 200,000 | 207,750 | ||||||
7.75%, 1/14/2031 | 300,000 | 394,500 | ||||||
8.38%, 6/17/2019 | 100,000 | 127,125 | ||||||
Poland Government International Bond: | ||||||||
5.00%, 3/23/2022 | 100,000 | 106,663 | ||||||
5.13%, 4/21/2021 | 450,000 | 488,812 | ||||||
Province of British Columbia Canada 2.10%, 5/18/2016 | 350,000 | 361,956 | ||||||
Province of New Brunswick Canada 2.75%, 6/15/2018 | 200,000 | 207,913 | ||||||
Province of Nova Scotia Canada 5.13%, 1/26/2017 | 100,000 | 111,807 | ||||||
Province of Ontario Canada: | ||||||||
2.30%, 5/10/2016 | 300,000 | 310,549 | ||||||
2.70%, 6/16/2015 | 300,000 | 309,697 | ||||||
3.00%, 7/16/2018 | 1,000,000 | 1,049,342 | ||||||
Province of Quebec Canada 7.50%, 9/15/2029 | 455,000 | 603,115 | ||||||
Republic of Italy 6.88%, 9/27/2023 | 200,000 | 236,889 | ||||||
Republic of Peru: | ||||||||
7.13%, 3/30/2019 | 100,000 | 121,250 | ||||||
8.75%, 11/21/2033 | 250,000 | 358,125 | ||||||
Republic of South Africa 5.50%, 3/9/2020 | 100,000 | 106,240 | ||||||
South Africa Government International Bond 4.67%, 1/17/2024 | 250,000 | 239,687 | ||||||
Turkey Government International Bond: | ||||||||
6.00%, 1/14/2041 | 300,000 | 263,400 | ||||||
6.75%, 4/3/2018 | 500,000 | 543,000 | ||||||
6.88%, 3/17/2036 | 300,000 | 294,300 | ||||||
7.38%, 2/5/2025 | 425,000 | 458,787 | ||||||
Uruguay Government International Bond 7.63%, 3/21/2036 | 200,000 | 243,750 | ||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $14,689,096) | 14,081,309 | |||||||
U.S. GOVERNMENT AGENCY MBS TBA — 15.3% | ||||||||
Fannie Mae | ||||||||
2.50%, 15yr TBA (f) | 4,500,000 | 4,455,000 | ||||||
3.00%, 15yr TBA (f) | 3,550,000 | 3,622,664 | ||||||
3.00%, 30yr TBA (f) | 5,000,000 | 4,755,469 | ||||||
3.50%, 15yr TBA (f) | 3,750,000 | 3,921,680 | ||||||
3.50%, 30yr TBA (f) | 10,500,000 | 10,445,859 | ||||||
4.00%, 15yr TBA (f) | 3,000,000 | 3,178,125 | ||||||
4.00%, 30yr TBA (f) | 3,500,000 | 3,608,828 | ||||||
4.50%, 30yr TBA (f) | 6,000,000 | 6,363,750 | ||||||
5.00%, 30yr TBA (f) | 6,000,000 | 6,527,813 | ||||||
5.50%, 30yr TBA (f) | 5,000,000 | 5,502,344 | ||||||
Freddie Mac | ||||||||
2.50%, 15yr TBA (f) | 1,800,000 | 1,783,406 | ||||||
3.00%, 15yr TBA (f) | 4,000,000 | 4,072,500 | ||||||
3.50%, 30yr TBA (f) | 4,750,000 | 4,715,117 | ||||||
4.00%, 30yr TBA (f) | 7,500,000 | 7,710,937 | ||||||
4.50%, 2/1/2039 (f) | 1,784,223 | 1,887,595 | ||||||
4.50%, 30yr TBA (f) | 5,500,000 | 5,823,984 | ||||||
5.00%, 30yr TBA (f) | 500,000 | 540,859 | ||||||
Ginnie Mae | ||||||||
3.50%, 30yr TBA (f) | 5,000,000 | 5,043,750 | ||||||
4.00%, 30yr TBA (f) | 7,350,000 | 7,642,852 | ||||||
4.50%, 30yr TBA (f) | 7,000,000 | 7,470,312 | ||||||
5.00%, 30yr TBA (f) | 1,300,000 | 1,416,391 | ||||||
6.00%, 30yr TBA (f) | 1,000,000 | 1,122,500 | ||||||
TOTAL U.S. GOVERNMENT AGENCY MBS TBA — | ||||||||
(Cost $102,376,220) | 101,611,735 | |||||||
See accompanying notes to financial statements.
174
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS — 17.3% | ||||||||
Federal Farm Credit Bank 4.88%, 12/16/2015 | $ | 750,000 | $ | 815,299 | ||||
Federal Home Loan Bank | ||||||||
0.58%, 7/29/2016 | 250,000 | 248,630 | ||||||
4.75%, 12/16/2016 | 500,000 | 557,433 | ||||||
4.88%, 5/17/2017 (a) | 1,200,000 | 1,353,160 | ||||||
5.00%, 11/17/2017 (a) | 300,000 | 342,593 | ||||||
5.38%, 5/18/2016 | 1,250,000 | 1,392,145 | ||||||
5.50%, 7/15/2036 | 250,000 | 289,678 | ||||||
Federal Home Loan Mortgage Corp. | ||||||||
0.32%, 4/29/2015 | 300,000 | 299,884 | ||||||
0.50%, 5/13/2016 (a) | 1,000,000 | 998,802 | ||||||
0.80%, 1/13/2015 | 100,000 | 100,020 | ||||||
0.88%, 3/7/2018 (a) | 750,000 | 731,182 | ||||||
1.00%, 2/24/2016 | 100,000 | 100,100 | ||||||
1.00%, 3/8/2017 | 1,000,000 | 1,001,346 | ||||||
1.00%, 7/28/2017 (a) | 750,000 | 745,461 | ||||||
1.25%, 10/2/2019 | 200,000 | 189,806 | ||||||
2.25%, 1/23/2017 | 100,000 | 100,113 | ||||||
2.38%, 1/13/2022 | 2,350,000 | 2,245,839 | ||||||
2.50%, 9/1/2028 | 497,137 | 493,066 | ||||||
3.00%, 4/1/2043 | 957,374 | 908,949 | ||||||
3.00%, 4/1/2043 | 2,417,603 | 2,295,318 | ||||||
3.00%, 7/1/2043 | 985,264 | 935,429 | ||||||
3.50%, 5/1/2026 | 1,319,769 | 1,376,843 | ||||||
3.50%, 8/1/2043 | 1,977,311 | 1,965,026 | ||||||
4.00%, 11/1/2014 | 40,454 | 42,678 | ||||||
4.00%, 4/1/2019 | 52,483 | 55,400 | ||||||
4.00%, 4/1/2024 | 298,239 | 314,818 | ||||||
4.00%, 5/1/2025 | 187,495 | 198,044 | ||||||
4.00%, 6/1/2025 | 366,701 | 387,334 | ||||||
4.00%, 8/1/2025 | 100,027 | 105,655 | ||||||
4.00%, 9/1/2025 | 40,486 | 42,764 | ||||||
4.00%, 6/1/2026 | 1,097,215 | 1,158,210 | ||||||
4.38%, 7/17/2015 | 500,000 | 531,396 | ||||||
4.50%, 4/1/2014 | 10,973 | 11,642 | ||||||
4.50%, 6/1/2014 | 73,658 | 78,155 | ||||||
4.50%, 5/1/2019 | 504,221 | 535,001 | ||||||
4.50%, 9/1/2024 | 12,535 | 13,305 | ||||||
4.50%, 10/1/2024 | 394,143 | 418,362 | ||||||
4.50%, 4/1/2038 | 1,333,577 | 1,412,041 | ||||||
4.50%, 2/1/2039 | 9,415 | 9,975 | ||||||
4.50%, 6/1/2040 | 19,897 | 21,094 | ||||||
4.50%, 4/1/2041 | 20,102 | 21,313 | ||||||
4.50%, 8/1/2041 | 81,552 | 86,467 | ||||||
4.50%, 10/1/2043 | 55,019 | 58,327 | ||||||
5.00%, 2/16/2017 (a) | 800,000 | 900,257 | ||||||
5.00%, 4/18/2017 (a) | 723,000 | 816,586 | ||||||
5.00%, 3/1/2018 | 363,340 | 387,971 | ||||||
5.00%, 11/1/2035 | 62,727 | 67,823 | ||||||
5.00%, 12/1/2036 | 9,469 | 10,235 | ||||||
5.00%, 12/1/2036 | 9,671 | 10,453 | ||||||
5.00%, 2/1/2038 | 663,213 | 716,813 | ||||||
5.00%, 2/1/2038 | 1,596 | 1,725 | ||||||
5.00%, 3/1/2038 | 421,188 | 455,228 | ||||||
5.00%, 3/1/2038 | 444,208 | 480,006 | ||||||
5.00%, 6/1/2038 | 214,697 | 232,048 | ||||||
5.00%, 11/1/2038 | 619,230 | 669,275 | ||||||
5.00%, 11/1/2038 | 1,261,378 | 1,363,030 | ||||||
5.00%, 1/1/2039 | 253,296 | 273,767 | ||||||
5.00%, 2/1/2039 | 577,952 | 622,438 | ||||||
5.00%, 10/1/2039 | 155,908 | 168,508 | ||||||
5.50%, 6/1/2020 | 533,469 | 583,401 | ||||||
5.50%, 4/1/2021 | 45,359 | 49,494 | ||||||
5.50%, 2/1/2022 | 19,661 | 21,531 | ||||||
5.50%, 4/1/2022 | 147,271 | 160,695 | ||||||
5.50%, 11/1/2026 | 177,014 | 193,754 | ||||||
5.50%, 6/1/2027 | 49,840 | 54,554 | ||||||
5.50%, 4/1/2028 | 73,350 | 80,216 | ||||||
5.50%, 7/1/2028 | 123,444 | 134,860 | ||||||
5.50%, 7/1/2033 | 3,951 | 4,352 | ||||||
5.50%, 1/1/2037 | 520,233 | 568,294 | ||||||
5.50%, 1/1/2037 | 170,789 | 186,567 | ||||||
5.50%, 9/1/2037 | 6,997 | 7,643 | ||||||
5.50%, 11/1/2037 | 36,274 | 39,620 | ||||||
5.50%, 1/1/2038 | 356,652 | 389,560 | ||||||
5.50%, 4/1/2038 | 1,073,693 | 1,173,124 | ||||||
5.50%, 7/1/2038 | 1,544,289 | 1,687,300 | ||||||
5.50%, 7/1/2038 | 3,081 | 3,366 | ||||||
5.50%, 10/1/2038 | 24,154 | 26,390 | ||||||
5.50%, 11/1/2038 | 8,842 | 9,661 | ||||||
6.00%, 8/1/2031 | 26,476 | 29,707 | ||||||
6.00%, 3/1/2036 | 27,301 | 30,175 | ||||||
6.00%, 8/1/2036 | 285,910 | 316,004 | ||||||
6.00%, 1/1/2037 | 27,847 | 30,778 | ||||||
6.00%, 12/1/2037 | 27,996 | 30,940 | ||||||
6.00%, 10/1/2038 | 26,105 | 28,856 | ||||||
6.00%, 3/1/2040 | 26,795 | 29,619 | ||||||
6.00%, 5/1/2040 | 2,994,071 | 3,308,962 | ||||||
6.50%, 11/1/2037 | 509,111 | 567,689 | ||||||
6.50%, 2/1/2038 | 67,012 | 74,730 | ||||||
6.50%, 9/1/2038 | 890,836 | 993,334 | ||||||
6.50%, 9/1/2039 | 311,793 | 347,756 | ||||||
6.75%, 3/15/2031 | 450,000 | 594,340 | ||||||
Federal National Mortgage Association | ||||||||
0.50%, 5/27/2015 (a) | 1,000,000 | 1,003,326 | ||||||
0.50%, 7/2/2015 (a) | 500,000 | 501,586 | ||||||
0.50%, 9/28/2015 (a) | 500,000 | 501,291 | ||||||
0.50%, 3/30/2016 (a) | 1,000,000 | 1,000,126 | ||||||
0.52%, 5/20/2016 | 400,000 | 398,474 | ||||||
0.52%, 5/27/2016 | 100,000 | 99,534 | ||||||
0.88%, 8/28/2017 (a) | 1,000,000 | 987,993 | ||||||
0.88%, 12/20/2017 (a) | 250,000 | 245,375 | ||||||
0.88%, 5/21/2018 | 200,000 | 193,913 | ||||||
1.13%, 4/27/2017 (a) | 1,000,000 | 1,003,496 | ||||||
1.63%, 11/27/2018 (a) | 600,000 | 594,733 | ||||||
1.75%, 1/30/2019 | 100,000 | 98,680 | ||||||
2.00%, 9/21/2015 | 250,000 | 256,914 | ||||||
2.25%, 3/15/2016 | 300,000 | 311,306 | ||||||
2.38%, 4/11/2016 (a) | 250,000 | 260,518 | ||||||
2.50%, 8/1/2028 | 971,067 | 962,358 | ||||||
3.00%, 1/1/2043 | 1,902,475 | 1,811,561 | ||||||
3.00%, 3/1/2043 | 2,167,841 | 2,064,246 | ||||||
3.00%, 5/1/2043 | 2,917,947 | 2,778,506 | ||||||
3.00%, 6/1/2043 | 1,464,603 | 1,394,614 | ||||||
3.00%, 6/1/2043 | 1,956,200 | 1,862,719 |
See accompanying notes to financial statements.
175
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
3.00%, 7/1/2043 | $ | 1,331,418 | $ | 1,267,793 | ||||
3.50%, 10/1/2042 | 1,104,129 | 1,099,684 | ||||||
3.50%, 7/1/2043 | 1,955,161 | 1,947,273 | ||||||
4.00%, 12/1/2040 | 1,841,198 | 1,900,215 | ||||||
4.00%, 3/1/2041 | 2,346,951 | 2,422,231 | ||||||
4.00%, 2/1/2042 | 1,437,164 | 1,483,308 | ||||||
4.38%, 10/15/2015 (a) | 250,000 | 267,835 | ||||||
4.50%, 4/1/2023 | 4,891 | 5,205 | ||||||
4.50%, 4/1/2023 | 927,905 | 987,532 | ||||||
4.50%, 8/1/2023 | 1,673 | 1,780 | ||||||
4.50%, 4/1/2039 | 1,797,353 | 1,907,233 | ||||||
4.50%, 10/1/2040 | 908,424 | 964,064 | ||||||
4.50%, 2/1/2041 | 1,823,137 | 1,934,989 | ||||||
5.00%, 11/1/2014 | 26,573 | 28,249 | ||||||
5.00%, 5/1/2015 | 388,844 | 413,376 | ||||||
5.00%, 10/1/2015 | 47,111 | 50,085 | ||||||
5.00%, 12/1/2015 | 422,362 | 449,008 | ||||||
5.00%, 2/1/2016 | 59,001 | 62,724 | ||||||
5.00%, 5/11/2017 | 510,000 | 576,200 | ||||||
5.00%, 6/1/2018 | 120,363 | 128,222 | ||||||
5.00%, 7/1/2035 | 1,689,141 | 1,841,176 | ||||||
5.38%, 6/12/2017 | 1,000,000 | 1,143,252 | ||||||
6.00%, 6/1/2017 | 451 | 453 | ||||||
6.00%, 2/1/2037 | 863,146 | 957,191 | ||||||
6.00%, 10/1/2039 | 1,232,143 | 1,366,124 | ||||||
6.00%, 4/1/2040 | 1,583,755 | 1,755,826 | ||||||
6.63%, 11/15/2030 | 150,000 | 195,858 | ||||||
7.13%, 1/15/2030 | 525,000 | 712,061 | ||||||
Government National Mortgage Association | ||||||||
3.00%, 12/15/2042 | 1,455,139 | 1,408,859 | ||||||
3.00%, 2/20/2043 | 2,410,611 | 2,335,686 | ||||||
3.00%, 4/20/2043 | 2,893,118 | 2,803,196 | ||||||
3.00%, 6/20/2043 | 1,958,753 | 1,897,872 | ||||||
3.50%, 2/15/2042 | 1,909,819 | 1,929,847 | ||||||
3.50%, 4/15/2043 | 1,371,202 | 1,385,635 | ||||||
3.50%, 10/20/2043 | 995,511 | 1,007,237 | ||||||
4.00%, 6/15/2040 | 173,750 | 180,970 | ||||||
4.50%, 3/15/2038 | 1,340,245 | 1,437,410 | ||||||
4.50%, 6/15/2039 | 186,552 | 199,413 | ||||||
4.50%, 7/15/2039 | 595,712 | 636,781 | ||||||
4.50%, 6/15/2040 | 1,768,498 | 1,892,298 | ||||||
4.50%, 6/15/2040 | 45,955 | 49,172 | ||||||
4.50%, 12/15/2041 | 186,510 | 199,302 | ||||||
5.00%, 4/15/2039 | 6,696 | 7,330 | ||||||
5.00%, 4/15/2039 | 4,545,682 | 4,975,824 | ||||||
5.50%, 6/15/2038 | 1,005,976 | 1,111,620 | ||||||
5.50%, 7/15/2038 | 1,201,097 | 1,327,231 | ||||||
5.50%, 2/15/2039 | 194,755 | 215,208 | ||||||
6.00%, 1/15/2038 | 99,889 | 112,110 | ||||||
6.00%, 4/15/2038 | 600,111 | 673,428 | ||||||
6.00%, 6/15/2041 | 521,180 | 584,945 | ||||||
Tennessee Valley Authority | ||||||||
3.88%, 2/15/2021 | 65,000 | 68,884 | ||||||
4.63%, 9/15/2060 | 14,000 | 12,493 | ||||||
5.25%, 9/15/2039 | 450,000 | 478,690 | ||||||
7.13%, 5/1/2030 | 66,000 | 87,299 | ||||||
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS — | ||||||||
(Cost $116,565,338) | 115,140,494 | |||||||
U.S. TREASURY OBLIGATIONS — 35.4% | ||||||||
Treasury Bonds | ||||||||
2.75%, 8/15/2042 | 1,925,000 | 1,525,447 | ||||||
2.75%, 11/15/2042 | 1,860,000 | 1,470,516 | ||||||
2.88%, 5/15/2043 | 1,000,000 | 810,400 | ||||||
3.00%, 5/15/2042 | 250,000 | 209,657 | ||||||
3.13%, 11/15/2041 | 3,150,000 | 2,720,687 | ||||||
3.13%, 2/15/2042 | 2,250,000 | 1,939,770 | ||||||
3.13%, 2/15/2043 | 700,000 | 599,298 | ||||||
3.75%, 11/15/2043 | 500,000 | 483,165 | ||||||
3.88%, 8/15/2040 | 2,500,000 | 2,500,625 | ||||||
4.38%, 5/15/2040 | 3,050,000 | 3,313,489 | ||||||
4.38%, 5/15/2041 | 1,600,000 | 1,735,952 | ||||||
4.50%, 2/15/2036 | 150,000 | 166,921 | ||||||
4.50%, 8/15/2039 | 1,300,000 | 1,440,972 | ||||||
4.75%, 2/15/2037 | 750,000 | 862,898 | ||||||
4.75%, 2/15/2041 | 500,000 | 575,290 | ||||||
5.25%, 11/15/2028 (a) | 500,000 | 601,790 | ||||||
5.25%, 2/15/2029 (a) | 250,000 | 300,875 | ||||||
5.38%, 2/15/2031 | 200,000 | 245,092 | ||||||
6.13%, 11/15/2027 (a) | 2,500,000 | 3,252,375 | ||||||
6.25%, 8/15/2023 (a) | 1,000,000 | 1,284,450 | ||||||
6.50%, 11/15/2026 | 800,000 | 1,068,504 | ||||||
6.88%, 8/15/2025 (a) | 750,000 | 1,021,230 | ||||||
7.13%, 2/15/2023 (a) | 1,000,000 | 1,348,360 | ||||||
7.25%, 5/15/2016 (a) | 1,000,000 | 1,158,060 | ||||||
7.25%, 8/15/2022 | 500,000 | 675,465 | ||||||
7.50%, 11/15/2016 (a) | 1,015,000 | 1,209,779 | ||||||
8.13%, 8/15/2019 | 1,500,000 | 1,998,285 | ||||||
8.75%, 8/15/2020 (a) | 1,130,000 | 1,585,616 | ||||||
8.88%, 8/15/2017 | 713,000 | 909,738 | ||||||
9.13%, 5/15/2018 | 500,000 | 663,165 | ||||||
Treasury Notes | ||||||||
0.25%, 1/15/2015 | 2,500,000 | 2,502,150 | ||||||
0.25%, 2/15/2015 | 3,750,000 | 3,752,625 | ||||||
0.25%, 5/15/2015 | 2,000,000 | 2,001,260 | ||||||
0.25%, 7/15/2015 | 500,000 | 499,995 | ||||||
0.25%, 10/15/2015 | 700,000 | 699,055 | ||||||
0.38%, 3/15/2015 | 2,500,000 | 2,505,050 | ||||||
0.38%, 6/30/2015 | 1,500,000 | 1,503,075 | ||||||
0.38%, 1/15/2016 (a) | 1,000,000 | 999,600 | ||||||
0.50%, 7/31/2017 | 500,000 | 489,485 | ||||||
0.63%, 4/30/2018 | 1,500,000 | 1,446,615 | ||||||
0.75%, 10/31/2017 | 2,500,000 | 2,454,500 | ||||||
0.75%, 12/31/2017 | 5,000,000 | 4,889,150 | ||||||
0.75%, 3/31/2018 | 1,250,000 | 1,214,450 | ||||||
0.88%, 11/30/2016 (a) | 1,500,000 | 1,504,905 | ||||||
0.88%, 12/31/2016 | 3,000,000 | 3,006,750 | ||||||
0.88%, 2/28/2017 | 2,250,000 | 2,249,573 | ||||||
0.88%, 4/30/2017 | 2,500,000 | 2,492,625 | ||||||
0.88%, 1/31/2018 | 1,000,000 | 980,820 | ||||||
0.88%, 7/31/2019 | 500,000 | 470,885 | ||||||
1.00%, 3/31/2017 | 2,750,000 | 2,756,215 | ||||||
1.25%, 8/31/2015 (a) | 3,000,000 | 3,047,970 | ||||||
1.25%, 9/30/2015 | 4,500,000 | 4,571,010 |
See accompanying notes to financial statements.
176
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
1.25%, 10/31/2015 | $ | 4,000,000 | $ | 4,066,440 | ||||
1.25%, 1/31/2019 | 1,000,000 | 975,260 | ||||||
1.38%, 11/30/2015 | 3,000,000 | 3,058,260 | ||||||
1.38%, 6/30/2018 | 750,000 | 744,285 | ||||||
1.38%, 9/30/2018 | 1,500,000 | 1,481,505 | ||||||
1.38%, 11/30/2018 (a) | 250,000 | 246,275 | ||||||
1.38%, 12/31/2018 | 300,000 | 295,032 | ||||||
1.38%, 2/28/2019 | 3,300,000 | 3,232,152 | ||||||
1.50%, 6/30/2016 | 10,000,000 | 10,232,001 | ||||||
1.50%, 8/31/2018 | 6,000,000 | 5,969,460 | ||||||
1.50%, 3/31/2019 | 2,250,000 | 2,212,965 | ||||||
1.63%, 8/15/2022 (a) | 2,000,000 | 1,816,800 | ||||||
1.63%, 11/15/2022 | 3,500,000 | 3,158,715 | ||||||
1.75%, 5/31/2016 | 2,000,000 | 2,058,020 | ||||||
1.75%, 5/15/2022 | 500,000 | 462,250 | ||||||
1.75%, 5/15/2023 | 3,050,000 | 2,748,752 | ||||||
1.88%, 6/30/2015 | 1,750,000 | 1,792,630 | ||||||
1.88%, 8/31/2017 | 2,000,000 | 2,053,240 | ||||||
1.88%, 9/30/2017 | 2,000,000 | 2,051,240 | ||||||
2.00%, 11/15/2021 | 900,000 | 858,861 | ||||||
2.00%, 2/15/2023 | 1,500,000 | 1,391,235 | ||||||
2.13%, 5/31/2015 | 2,000,000 | 2,053,380 | ||||||
2.13%, 12/31/2015 | 1,800,000 | 1,861,866 | ||||||
2.13%, 8/15/2021 | 3,250,000 | 3,148,080 | ||||||
2.25%, 1/31/2015 | 5,500,000 | 5,622,650 | ||||||
2.25%, 11/30/2017 (a) | 2,500,000 | 2,595,075 | ||||||
2.25%, 7/31/2018 | 1,000,000 | 1,030,960 | ||||||
2.38%, 2/28/2015 | 5,000,000 | 5,125,600 | ||||||
2.38%, 7/31/2017 | 5,000,000 | 5,224,950 | ||||||
2.50%, 3/31/2015 | 2,000,000 | 2,056,880 | ||||||
2.50%, 4/30/2015 | 3,000,000 | 3,090,690 | ||||||
2.50%, 8/15/2023 | 1,500,000 | 1,440,300 | ||||||
2.63%, 2/29/2016 | 3,500,000 | 3,666,670 | ||||||
2.63%, 4/30/2018 (a) | 1,000,000 | 1,049,640 | ||||||
2.63%, 8/15/2020 (a) | 3,500,000 | 3,571,890 | ||||||
2.63%, 11/15/2020 | 1,500,000 | 1,524,345 | ||||||
2.75%, 11/30/2016 | 4,380,000 | 4,629,441 | ||||||
2.75%, 2/28/2018 | 2,000,000 | 2,112,860 | ||||||
2.75%, 2/15/2019 | 2,000,000 | 2,095,700 | ||||||
3.00%, 8/31/2016 | 2,750,000 | 2,921,132 | ||||||
3.00%, 2/28/2017 | 2,000,000 | 2,131,020 | ||||||
3.13%, 10/31/2016 | 2,750,000 | 2,934,718 | ||||||
3.13%, 1/31/2017 | 750,000 | 801,810 | ||||||
3.13%, 5/15/2019 (g) | 4,500,000 | 4,795,785 | ||||||
3.13%, 5/15/2021 | 1,500,000 | 1,563,540 | ||||||
3.38%, 11/15/2019 | 2,500,000 | 2,689,275 | ||||||
3.50%, 2/15/2018 | 2,250,000 | 2,442,960 | ||||||
3.50%, 5/15/2020 | 2,000,000 | 2,157,740 | ||||||
3.63%, 8/15/2019 | 500,000 | 544,855 | ||||||
3.63%, 2/15/2020 (a) | 1,500,000 | 1,632,840 | ||||||
3.63%, 2/15/2021 | 2,000,000 | 2,158,160 | ||||||
3.75%, 11/15/2018 | 1,500,000 | 1,646,445 | ||||||
4.00%, 2/15/2015 | 5,200,000 | 5,421,364 | ||||||
4.13%, 5/15/2015 | 3,000,000 | 3,159,900 | ||||||
4.25%, 8/15/2015 | 2,500,000 | 2,660,200 | ||||||
4.50%, 11/15/2015 (a) | 1,000,000 | 1,077,460 | ||||||
4.50%, 2/15/2016 | 1,000,000 | 1,086,520 | ||||||
4.63%, 11/15/2016 | 2,500,000 | 2,775,000 | ||||||
4.75%, 8/15/2017 | 2,425,000 | 2,740,056 | ||||||
5.13%, 5/15/2016 | 810,000 | 897,520 | ||||||
5.95%, 3/19/2019 (e) | 200,000 | 230,700 | ||||||
TOTAL U.S. TREASURY OBLIGATIONS — | ||||||||
(Cost $237,568,146) | 234,990,989 | |||||||
FEDERAL NATIONAL MORTGAGE ASSOCIATION — 0.5% | ||||||||
Fannie Mae: | ||||||||
2.50%, 8/1/2028 | 1,267,369 | 1,256,003 | ||||||
4.00%, 10/1/2043 | 1,986,222 | 2,050,224 | ||||||
TOTAL FEDERAL NATIONAL MORTGAGE ASSOCIATION — | ||||||||
(Cost $3,329,586) | 3,306,227 | |||||||
GOVERNMENT NATIONAL MORTGAGE ASSOCIATION — 0.4% | ||||||||
Ginnie Mae: | ||||||||
3.00%, 12/20/2042 | 1,979,225 | 1,918,087 | ||||||
5.00%, 12/15/2038 | 693,304 | 755,587 | ||||||
TOTAL GOVERNMENT NATIONAL MORTGAGE ASSOCIATION — | ||||||||
(Cost $2,665,152) | 2,673,674 | |||||||
COMMERCIAL MORTGAGE BACKED SECURITIES — 0.7% | ||||||||
Bank of America Commercial Mortgage, Inc. 5.65%, 6/10/2049 (d) | 780,000 | 862,958 | ||||||
GE Capital Commercial Mortgage Corp. 5.54%, 12/10/2049 | 400,000 | 436,564 | ||||||
GS Mortgage Securities Corp. II 5.55%, 4/10/2038 (d) | 250,000 | 268,991 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp.: | ||||||||
3.14%, 5/15/2045 | 250,000 | 251,225 | ||||||
5.44%, 6/12/2047 | 510,000 | 560,305 | ||||||
5.81%, 6/12/2043 (d) | 471,207 | 512,860 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust 5.38%, 8/12/2048 | 400,000 | 434,880 | ||||||
Morgan Stanley Capital I: | ||||||||
5.51%, 11/12/2049 (d) | 475,000 | 525,181 | ||||||
5.61%, 4/15/2049 | 46,747 | 46,939 | ||||||
Wachovia Bank Commercial Mortgage Trust 5.24%, 10/15/2044 (d) | 255,829 | 271,205 | ||||||
WF-RBS Commercial Mortgage Trust 2.87%, 11/15/2045 | 200,000 | 187,977 | ||||||
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES — | ||||||||
(Cost $3,472,830) | 4,359,085 | |||||||
COLLATERALIZED MORTGAGE OBLIGATIONS — 1.0% | ||||||||
THRIFTS & MORTGAGE FINANCE — 1.0% | ||||||||
Bear Stearns Commercial Mortgage Securities Trust 2007-TOP26 5.47%, 1/12/2045 (d) | 510,000 | 565,180 |
See accompanying notes to financial statements.
177
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Commercial Mortgage Pass Through Certificates 4.06%, 12/10/2044 | $ | 1,500,000 | $ | 1,521,972 | ||||
Greenwich Capital Commercial Funding Corp. 5.82%, 7/10/2038 (d) | 824,780 | 901,364 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust 2006-LDP9 5.34%, 5/15/2047 | 750,000 | 820,307 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust 2013-C10 3.14%, 12/15/2047 | 500,000 | 475,358 | ||||||
LB-UBS Commercial Mortgage Trust 5.66%, 3/15/2039 (d) | 500,000 | 539,373 | ||||||
Merrill Lynch Mortgage Trust 5.86%, 6/12/2050 (d) | 514,303 | 548,166 | ||||||
Morgan Stanley Bank of America Merrill Lynch Trust 2012-C6 1.87%, 11/15/2045 | 800,000 | 797,590 | ||||||
Wachovia Bank Commercial Mortgage Trust Series 2006-C29 5.34%, 11/15/2048 | 750,000 | 812,519 | ||||||
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS — | ||||||||
(Cost $7,151,724) | 6,981,829 | |||||||
ASSET BACKED — 0.4% | ||||||||
AUTOMOBILES — 0.2% | ||||||||
Carmax Auto Owner Trust 2013-2 0.64%, 1/16/2018 | 200,000 | 199,506 | ||||||
Honda Auto Receivables Owner Trust 0.91%, 5/15/2018 | 172,000 | 172,836 | ||||||
Hyundai Auto Receivables Trust 0.81%, 3/15/2018 | 250,000 | 250,498 | ||||||
Santander Drive Auto Receivables Trust 2012-3 3.64%, 5/15/2018 | 675,000 | 704,124 | ||||||
1,326,964 | ||||||||
CREDIT CARD RECEIVABLES — 0.2% | ||||||||
Citibank Credit Card Issuance Trust: | ||||||||
5.35%, 2/7/2020 | 295,000 | 336,071 | ||||||
6.15%, 6/15/2039 | 250,000 | 278,977 | ||||||
World Financial Network Credit Card Master Trust 0.91%, 3/16/2020 | 500,000 | 496,911 | ||||||
1,111,959 | ||||||||
MULTI-UTILITIES — 0.0% (b) | ||||||||
CenterPoint Energy Transition Bond Co. LLC 5.17%, 8/1/2019 | 250,000 | 269,665 | ||||||
TOTAL ASSET BACKED — | ||||||||
(Cost $2,755,184) | 2,708,588 | |||||||
MUNICIPAL BONDS & NOTES — 0.9% | ||||||||
CALIFORNIA — 0.2% | ||||||||
California, State General Obligation: | ||||||||
5.95%, 4/1/2016 | 35,000 | 38,752 | ||||||
7.30%, 10/1/2039 | 500,000 | 628,550 | ||||||
7.55%, 4/1/2039 | 225,000 | 291,031 | ||||||
7.60%, 11/1/2040 | 150,000 | 197,614 | ||||||
Los Angeles, CA, Unified School District, General Obligation 6.76%, 7/1/2034 | 150,000 | 184,371 | ||||||
San Francisco, CA, City & County Public Utilities Commission, Water Revenue 6.00%, 11/1/2040 | 50,000 | 56,985 | ||||||
University of California 4.86%, 5/15/2112 | 150,000 | 129,821 | ||||||
1,527,124 | ||||||||
CONNECTICUT — 0.0% (b) | ||||||||
Connecticut, State General Obligation 5.09%, 10/1/2030 | 100,000 | 101,936 | ||||||
GEORGIA — 0.1% | ||||||||
Georgia, Municipal Electric Authority Revenue 7.06%, 4/1/2057 | 250,000 | 249,882 | ||||||
Georgia, State General Obligation 4.50%, 11/1/2025 | 200,000 | 211,640 | ||||||
461,522 | ||||||||
ILLINOIS — 0.1% | ||||||||
Illinois, State General Obligation: | ||||||||
5.10%, 6/1/2033 | 200,000 | 185,788 | ||||||
7.35%, 7/1/2035 | 250,000 | 275,233 | ||||||
461,021 | ||||||||
MASSACHUSETTS — 0.0% (b) | ||||||||
Massachusetts, State General Obligation 4.91%, 5/1/2029 | 100,000 | 104,425 | ||||||
NEW JERSEY — 0.1% | ||||||||
New Jersey, State Transportation Trust Revenue 6.10%, 12/15/2028 | 100,000 | 106,499 | ||||||
New Jersey, State Turnpike Authority Revenue 7.10%, 1/1/2041 | 250,000 | 318,360 | ||||||
Rutgers University, Revenue 5.67%, 5/1/2040 | 80,000 | 86,988 | ||||||
511,847 | ||||||||
NEW YORK — 0.2% | ||||||||
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue 5.72%, 6/15/2042 | 215,000 | 239,572 | ||||||
New York, NY, City Transitional Finance Authority Revenue 5.51%, 8/1/2037 | 100,000 | 110,743 | ||||||
New York, NY, General Obligation 5.52%, 10/1/2037 | 85,000 | 88,890 | ||||||
New York, NY, Metropolitan Transportation Authority Revenue 6.67%, 11/15/2039 | 250,000 | 292,340 |
See accompanying notes to financial statements.
178
SPDR Barclays Aggregate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Port Authority of New York & New Jersey 5.86%, 12/1/2024 | $ | 250,000 | $ | 285,980 | ||||
1,017,525 | ||||||||
OHIO — 0.1% | ||||||||
Ohio State University 4.91%, 6/1/2040 | 100,000 | 100,190 | ||||||
Ohio, American Municipal Power, Inc., Revenue: | ||||||||
6.45%, 2/15/2044 | 200,000 | 216,280 | ||||||
8.08%, 2/15/2050 | 300,000 | 395,730 | ||||||
712,200 | ||||||||
PENNSYLVANIA — 0.0% (b) | ||||||||
Pennsylvania, Public School Building Authority Revenue 5.00%, 9/15/2027 | 99,000 | 102,934 | ||||||
Pennsylvania, Turnpike Commission Revenue 5.51%, 12/1/2045 | 75,000 | 78,657 | ||||||
181,591 | ||||||||
PUERTO RICO — 0.0% (b) | ||||||||
Government Development Bank for Puerto Rico 4.38%, 2/1/2019 | 150,000 | 103,724 | ||||||
TEXAS — 0.0% (b) | ||||||||
Texas, State Transportation Commission, Revenue, Series B 5.18%, 4/1/2030 | 110,000 | 117,559 | ||||||
WASHINGTON — 0.1% | ||||||||
Chase Issuance Trust 0.79%, 6/15/2017 | 350,000 | 351,160 | ||||||
Washington, State General Obligation 5.14%, 8/1/2040 | 150,000 | 154,111 | ||||||
505,271 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $5,991,631) | 5,805,745 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 20.3% | ||||||||
MONEY MARKET FUNDS — 20.3% | ||||||||
State Street Institutional Liquid Reserves Fund 0.06% (g)(h)(i) | 104,446,894 | 104,446,894 | ||||||
State Street Navigator Securities Lending Prime Portfolio (i)(j) | 30,225,494 | 30,225,494 | ||||||
TOTAL SHORT TERM INVESTMENTS — (k) | ||||||||
(Cost $134,672,388) | 134,672,388 | |||||||
TOTAL INVESTMENTS — 119.3% (l) | ||||||||
(Cost $796,507,107) | 792,693,251 | |||||||
OTHER ASSETS & LIABILITIES — (19.3)% | (128,127,569 | ) | ||||||
NET ASSETS — 100.0% | $ | 664,565,682 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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 0.2% of net assets as of December 31, 2013, 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, 2013. 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) | The rate shown is the annualized seven-day yield at period end. | |||||
(i) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(j) | Investments of cash collateral for securities loaned. | |||||
(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.
179
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 99.4% | ||||||||
ALABAMA — 0.2% | ||||||||
Alabama, Federal Aid Highway Finance Authority Revenue 5.00%, 3/1/2015 | $ | 1,650,000 | $ | 1,740,816 | ||||
Mobile County, AL, Board of School Commissioners, Capital Outlay 3.75%, 3/1/2042 | 500,000 | 392,310 | ||||||
2,133,126 | ||||||||
ARIZONA — 1.8% | ||||||||
Arizona, Salt River Project, Agricultural Improvement & Power District Revenue: | ||||||||
Series A 5.00%, 1/1/2016 | 500,000 | 545,540 | ||||||
Series A 5.00%, 12/1/2031 | 12,000,000 | 12,893,040 | ||||||
Mesa, AZ, Highway Revenue Series A 5.00%, 7/1/2020 | 1,800,000 | 1,904,562 | ||||||
Phoenix, AZ, Civic Improvement Corp., Wastewater System Revenue 5.00%, 7/1/2025 | 700,000 | 781,802 | ||||||
16,124,944 | ||||||||
ARKANSAS — 0.1% | ||||||||
Fort Smith, AR, Sales & Use Tax Revenue 3.60%, 5/1/2026 | 565,000 | 563,356 | ||||||
CALIFORNIA — 13.6% | ||||||||
California, East Bay Municipal Utility District, Water System Revenue Series B 5.00%, 6/1/2023 | 215,000 | 255,620 | ||||||
California, State Department of Water Resources, Revenue: | ||||||||
Series L 5.00%, 5/1/2020 | 10,000,000 | 11,844,100 | ||||||
Series AE 5.00%, 12/1/2020 | 320,000 | 369,165 | ||||||
California, State Educational Facilities Authority Revenue 5.25%, 4/1/2040 | 500,000 | 581,205 | ||||||
California, State Public Works Board, Lease Revenue 5.00%, 4/1/2034 | 440,000 | 520,916 | ||||||
Contra Costa County, CA, Community College District, General Obligation 5.00%, 8/1/2038 | 1,670,000 | 1,727,765 | ||||||
Grossmont, CA, Community College District, Election of 2012 Series A 5.25%, 8/1/2038 | 3,200,000 | 3,359,552 | ||||||
Long Beach, CA, Community College District, General Obligation Series B 5.00%, 8/1/2039 | 2,000,000 | 2,044,720 | ||||||
Los Angeles, CA, Community College District, General Obligation Series F 4.00%, 8/1/2032 | 2,880,000 | 2,708,525 | ||||||
Los Angeles, CA, Department of Airports Revenue Series B 5.00%, 5/15/2035 | 4,500,000 | 4,674,105 | ||||||
Los Angeles, CA, Department of Water & Power Revenue: | ||||||||
Series C 5.00%, 1/1/2016 | 2,000,000 | 2,165,560 | ||||||
Series B 5.00%, 7/1/2019 | 320,000 | 377,664 | ||||||
Series A 5.00%, 7/1/2020 | 7,400,000 | 8,773,810 | ||||||
Los Angeles, CA, General Obligation Series B 5.00%, 9/1/2022 | 4,000,000 | 4,641,720 | ||||||
Los Angeles, CA, Harbor Department Revenue Series A 5.00%, 8/1/2029 | 405,000 | 437,404 | ||||||
Los Angeles, CA, Unified School District, General Obligation: | ||||||||
Series A 2.00%, 7/1/2022 | 790,000 | 745,389 | ||||||
Series A-1 4.00%, 7/1/2016 | 1,250,000 | 1,361,250 | ||||||
Series KRY 5.00%, 7/1/2018 | 330,000 | 385,338 | ||||||
Series D 5.00%, 1/1/2034 | 575,000 | 600,225 | ||||||
Series F 5.00%, 1/1/2034 | 815,000 | 850,754 | ||||||
Los Angeles, CA, Wastewater System Revenue: | ||||||||
Series A 5.00%, 6/1/2029 | 1,000,000 | 1,074,750 | ||||||
5.00%, 6/1/2039 | 1,845,000 | 1,908,394 | ||||||
Los Rios, CA, Community College District Election of 2008 Series A 5.00%, 8/1/2035 | 5,000,000 | 5,213,050 | ||||||
Metropolitan Water District of Southern California Series C 5.00%, 10/1/2027 | 4,120,000 | 4,764,780 | ||||||
Orange County, CA, Sanitation District Wastewater Revenue Series A 3.00%, 2/1/2031 | 400,000 | 327,436 | ||||||
Pasadena, CA, Unified School District, General Obligation 5.00%, 5/1/2034 | 500,000 | 515,770 | ||||||
San Antonio, CA, Community College District, General Obligation Series A Zero Coupon, 8/1/2043 | 1,160,000 | 538,913 | ||||||
San Diego, CA, Community College District 5.00%, 8/1/2041 | 1,030,000 | 1,062,054 | ||||||
San Diego, CA, Community College District, General Obligation 5.00%, 8/1/2032 | 2,500,000 | 2,693,100 | ||||||
San Diego, CA, Public Facilities Financing Authority, Sewer Revenue Series A 5.25%, 5/15/2039 | 1,000,000 | 1,031,940 | ||||||
San Diego, CA, Unified School District Election of 2008 Series A Zero Coupon, 7/1/2028 (a) | 2,000,000 | 1,007,080 | ||||||
San Francisco, CA, Bay Area Rapid Transit District Revenue: | ||||||||
Series A 5.00%, 7/1/2029 | 750,000 | 816,465 | ||||||
Series A 5.00%, 7/1/2030 | 500,000 | 540,535 | ||||||
Series A 5.00%, 7/1/2032 | 500,000 | 535,305 | ||||||
Series A 5.00%, 7/1/2036 | 500,000 | 526,115 | ||||||
San Francisco, CA, Bay Area Toll Authority, Toll Bridge Revenue 5.13%, 4/1/2047 | 655,000 | 667,294 | ||||||
San Francisco, CA, City & County Public Utilities Commission Series B 5.00%, 10/1/2026 | 1,110,000 | 1,241,424 |
See accompanying notes to financial statements.
180
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
San Francisco, CA, City & County Public Utilities Commission, Water Revenue Series C 4.00%, 11/1/2032 | $ | 750,000 | $ | 728,685 | ||||
San Francisco, CA, Public Utilities Commission, Water Revenue: | ||||||||
Series B 5.00%, 9/1/2018 | 9,755,000 | 11,165,475 | ||||||
Subseries A 5.00%, 11/1/2024 | 2,400,000 | 2,709,048 | ||||||
5.00%, 6/15/2027 | 500,000 | 523,160 | ||||||
Series A 5.00%, 11/1/2030 | 6,000,000 | 6,453,360 | ||||||
San Francisco, CA, Unified School District, General Obligation 4.00%, 6/15/2025 | 900,000 | 922,626 | ||||||
San Joaquin County, CA, Transportation Authority, Sales Tax Revenue Series A 5.50%, 3/1/2041 | 4,700,000 | 5,058,798 | ||||||
San Mateo, CA, Union High School District, General Obligation Series A 5.00%, 9/1/2026 | 1,500,000 | 1,688,265 | ||||||
Santa Clara County, CA, General Obligation Series B 3.25%, 8/1/2035 | 750,000 | 592,943 | ||||||
Solano County, CA, Community College District, General Obligation Series A 4.38%, 8/1/2047 | 1,650,000 | 1,451,340 | ||||||
University of California, Revenue: | ||||||||
Series AF 5.00%, 5/15/2019 | 3,335,000 | 3,937,534 | ||||||
Series G 5.00%, 5/15/2025 | 420,000 | 471,442 | ||||||
5.00%, 5/15/2033 | 10,000,000 | 10,629,200 | ||||||
Series S 5.00%, 5/15/2040 | 1,000,000 | 1,042,850 | ||||||
Series Q 5.25%, 5/15/2028 | 2,855,000 | 3,132,563 | ||||||
123,396,481 | ||||||||
COLORADO — 2.5% | ||||||||
Adams & Arapahoe, CO, Joint School District 28J Aurora 5.00%, 12/1/2023 | 5,000,000 | 5,743,000 | ||||||
Colorado, Regional Transportation District, Sales Tax Revenue Series A 5.00%, 11/1/2027 | 12,095,000 | 13,277,891 | ||||||
Colorado, State Building Excellent Schools Today, Certificates of Participation Series H 3.25%, 3/15/2035 | 500,000 | 396,470 | ||||||
Colorado, State Higher Education Capital Construction Lease Purchase Program, Certificates of Participation 5.50%, 11/1/2027 | 500,000 | 597,785 | ||||||
Denver, CO, City & County General Obligation 5.25%, 8/1/2018 | 325,000 | 383,455 | ||||||
Denver, CO, City & County, School District No. 1 General Obligation Series C 5.00%, 12/1/2023 | 1,175,000 | 1,371,871 | ||||||
Metropolitan Wastewater Reclamation District, CO, Sewer Revenue Series A 3.00%, 4/1/2029 | 650,000 | 568,847 | ||||||
22,339,319 | ||||||||
CONNECTICUT — 3.2% | ||||||||
Connecticut, State General Obligation: | ||||||||
Series A 5.00%, 1/1/2016 | 500,000 | 545,750 | ||||||
Series B 5.00%, 12/1/2016 | 1,575,000 | 1,777,120 | ||||||
Series B 5.00%, 4/15/2019 | 905,000 | 1,035,510 | ||||||
5.00%, 12/1/2020 | 7,500,000 | 8,635,425 | ||||||
5.00%, 12/1/2021 | 7,500,000 | 8,671,425 | ||||||
Series D 5.00%, 11/1/2025 | 285,000 | 316,923 | ||||||
Hartford County, CT, Metropolitan District Clean Water Project Revenue Series A 5.00%, 4/1/2033 | 1,750,000 | 1,842,557 | ||||||
University of Connecticut, Revenue Series A 5.00%, 2/15/2025 | 5,200,000 | 5,776,732 | ||||||
28,601,442 | ||||||||
DELAWARE — 1.1% | ||||||||
Delaware, State General Obligation: | ||||||||
5.00%, 7/1/2017 | 2,755,000 | 3,160,151 | ||||||
Series B 5.00%, 7/1/2017 | 150,000 | 172,059 | ||||||
Delaware, State Transportation Authority, Transportation System Revenue 5.00%, 7/1/2022 | 5,280,000 | 6,195,499 | ||||||
9,527,709 | ||||||||
DISTRICT OF COLUMBIA — 1.8% | ||||||||
District of Columbia, Income Tax Secured Revenue: | ||||||||
Series C 4.00%, 12/1/2035 | 6,500,000 | 5,982,860 | ||||||
Series C 5.00%, 12/1/2020 | 1,050,000 | 1,232,900 | ||||||
Series A 5.00%, 12/1/2023 | 1,235,000 | 1,423,572 | ||||||
Series A 5.00%, 12/1/2036 | 590,000 | 621,441 | ||||||
Series C 5.00%, 12/1/2037 | 500,000 | 525,640 | ||||||
Metropolitan Washington, DC, Airport Authority System Revenue: | ||||||||
Zero Coupon, 10/1/2033 (a)(b) | 1,785,000 | 555,813 | ||||||
Series C 5.00%, 10/1/2028 | 5,000,000 | 5,362,800 | ||||||
Series C 5.13%, 10/1/2039 | 520,000 | 541,564 | ||||||
16,246,590 | ||||||||
FLORIDA — 4.1% | ||||||||
Broward County, FL, Water & Sewer Utility Revenue Series A 5.00%, 10/1/2037 | 450,000 | 465,417 | ||||||
Citizens Property Insurance Corp., FL Series A-1 4.50%, 6/1/2020 (b) | 1,000,000 | 1,095,920 | ||||||
Florida, State Board of Education, Capital Outlay: | ||||||||
Series A 4.00%, 6/1/2021 | 750,000 | 833,708 | ||||||
Series B 5.00%, 6/1/2015 | 2,600,000 | 2,774,226 | ||||||
Series D 5.00%, 6/1/2021 | 500,000 | 573,830 | ||||||
Series D 5.00%, 6/1/2024 | 6,550,000 | 7,367,243 | ||||||
Florida, State Hurricane Catastrophe Fund Revenue Series A 5.00%, 7/1/2016 | 5,000,000 | 5,523,750 | ||||||
Florida, State, Department of Transportation General Obligation: | ||||||||
Series A 5.00%, 7/1/2016 | 275,000 | 304,887 | ||||||
5.00%, 7/1/2021 | 500,000 | 587,935 |
See accompanying notes to financial statements.
181
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Hillsborough County, FL, School Board, Certificates of Participation Series A 5.00%, 7/1/2029 | $ | 810,000 | $ | 848,783 | ||||
Jacksonville, FL, Transit Revenue Series A 5.00%, 10/1/2026 | 1,950,000 | 2,105,902 | ||||||
Miami-Dade County, FL, General Obligation: | ||||||||
4.75%, 7/1/2034 | 1,675,000 | 1,716,356 | ||||||
5.00%, 7/1/2031 | 1,980,000 | 2,074,941 | ||||||
Miami-Dade County, FL, Transit System Sales Surtax Revenue: | ||||||||
4.00%, 7/1/2042 | 500,000 | 412,745 | ||||||
5.00%, 7/1/2037 | 5,000,000 | 5,072,500 | ||||||
Orlando, FL, Utilities Commission, Utility System Revenue: | ||||||||
Series A 5.00%, 10/1/2023 | 2,500,000 | 2,898,725 | ||||||
5.00%, 10/1/2029 | 1,400,000 | 1,509,326 | ||||||
Tohopekaliga, FL, Water Authority Utility System Revenue 5.75%, 10/1/2029 | 750,000 | 841,313 | ||||||
37,007,507 | ||||||||
GEORGIA — 2.8% | ||||||||
Douglas County, GA, General Obligation 5.00%, 8/1/2016 | 4,000,000 | 4,438,600 | ||||||
Fulton County, GA, Water & Sewer Revenue 5.00%, 1/1/2017 | 1,430,000 | 1,606,862 | ||||||
Georgia, State Environmental Loan Acquisition Corp. Revenue 5.13%, 3/15/2031 | 5,070,000 | 5,342,107 | ||||||
Georgia, State General Obligation: | ||||||||
Series F 5.00%, 12/1/2016 | 500,000 | 564,630 | ||||||
Series E 5.00%, 7/1/2018 | 700,000 | 818,391 | ||||||
Series E 5.00%, 7/1/2020 | 700,000 | 812,707 | ||||||
Series I 5.00%, 7/1/2022 | 1,100,000 | 1,260,424 | ||||||
Georgia, State Road & Tollway Authority Revenue Series B 5.00%, 10/1/2022 | 3,000,000 | 3,523,890 | ||||||
Gwinnett County, GA, School District, General Obligation: | ||||||||
5.00%, 2/1/2019 | 5,380,000 | 6,302,993 | ||||||
5.00%, 2/1/2023 | 500,000 | 592,470 | ||||||
Gwinnett County, GA, Water & Sewerage Authority Revenue 5.00%, 8/1/2023 | 500,000 | 571,620 | ||||||
25,834,694 | ||||||||
HAWAII — 0.6% | ||||||||
City & County of Honolulu, HI, General Obligation: | ||||||||
Series A 5.25%, 8/1/2031 | 2,620,000 | 2,886,140 | ||||||
Series A 5.25%, 8/1/2034 | 1,500,000 | 1,621,485 | ||||||
Hawaii, State General Obligation Series EA 5.00%, 12/1/2016 | 955,000 | 1,076,667 | ||||||
5,584,292 | ||||||||
IDAHO — 0.6% | ||||||||
Idaho, Housing & Financing Association, Unemployment Compensation Revenue 5.00%, 8/15/2015 | 5,000,000 | 5,329,050 | ||||||
ILLINOIS — 3.4% | ||||||||
Chicago, IL, General Obligation Series C Zero Coupon, 1/1/2031 (a) | 600,000 | 205,002 | ||||||
Chicago, IL, Park District, General Obligation Series C 5.25%, 1/1/2040 | 500,000 | 499,295 | ||||||
Chicago, IL, Waterworks Revenue 5.00%, 11/1/2027 | 1,295,000 | 1,322,700 | ||||||
Cook County, IL, General Obligation Series A 5.00%, 11/15/2019 | 2,000,000 | 2,299,460 | ||||||
Illinois, State Finance Authority Revenue Series A 5.00%, 10/1/2051 | 5,020,000 | 4,944,148 | ||||||
Illinois, State General Obligation: | ||||||||
5.00%, 1/1/2015 (b) | 1,055,000 | 1,101,167 | ||||||
5.00%, 1/1/2018 (b) | 595,000 | 660,057 | ||||||
Illinois, State Sales Tax Revenue: | ||||||||
Series A 4.75%, 6/15/2034 | 2,240,000 | 2,244,189 | ||||||
Series B 5.25%, 6/15/2034 | 5,000,000 | 5,201,100 | ||||||
Illinois, State Toll Highway Authority Revenue 5.00%, 1/1/2028 | 1,825,000 | 1,893,729 | ||||||
Illinois, State Unemployment Insurance Fund, Building Receipts Revenue Series A 5.00%, 6/15/2016 | 4,060,000 | 4,488,168 | ||||||
Illinois, University of Chicago, Finance Authority Revenue Series A 4.00%, 10/1/2032 | 955,000 | 877,721 | ||||||
Metropolitan Pier & Exposition Authority, IL, Revenue Series B 5.00%, 12/15/2028 | 400,000 | 419,924 | ||||||
Schaumburg, IL, General Obligation Series A 4.00%, 12/1/2032 | 5,000,000 | 4,706,800 | ||||||
30,863,460 | ||||||||
INDIANA — 0.4% | ||||||||
Carmel, IN, Redevelopment Authority, Lease Rental Revenue Series A 4.00%, 8/1/2030 | 2,325,000 | 2,256,319 | ||||||
Indianapolis, IN, Local Public Improvement Bond Bank Revenue Series F 5.00%, 1/1/2040 (b) | 720,000 | 745,963 | ||||||
Indianapolis, IN, Public Improvement Revenue Series B 5.00%, 2/1/2019 | 295,000 | 338,380 | ||||||
3,340,662 | ||||||||
IOWA — 0.2% | ||||||||
Iowa, State Finance Authority Revenue: | ||||||||
5.00%, 8/1/2020 | 700,000 | 813,757 | ||||||
5.00%, 8/1/2030 | 1,000,000 | 1,087,180 | ||||||
1,900,937 | ||||||||
See accompanying notes to financial statements.
182
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
KANSAS — 0.5% | ||||||||
Kansas, State Department of Transportation, Highway Revenue Series B 5.00%, 9/1/2019 | $ | 3,500,000 | $ | 4,138,575 | ||||
KENTUCKY — 0.2% | ||||||||
Kentucky, State Asset/Liability Commission Agency Revenue Series A 5.00%, 9/1/2021 | 795,000 | 902,015 | ||||||
Kentucky, State Infrastructure Authority Revenue Series A 5.00%, 2/1/2016 | 200,000 | 219,246 | ||||||
Kentucky, State Property & Buildings Commission Revenue: | ||||||||
5.00%, 11/1/2017 (b) | 450,000 | 514,508 | ||||||
Series A 5.00%, 11/1/2017 | 375,000 | 428,906 | ||||||
2,064,675 | ||||||||
LOUISIANA — 0.1% | ||||||||
Louisiana, State Gas & Fuels Tax Revenue Series B 5.00%, 5/1/2025 | 1,000,000 | 1,102,330 | ||||||
Louisiana, State General Obligation Series A 5.00%, 11/15/2018 | 200,000 | 234,786 | ||||||
1,337,116 | ||||||||
MARYLAND — 2.7% | ||||||||
Anne Arundel County, MD, General Obligation 5.00%, 4/1/2019 | 1,410,000 | 1,650,208 | ||||||
Baltimore, MD, General Obligation Series B 5.00%, 10/15/2019 | 280,000 | 328,157 | ||||||
County of Montgomery MD 5.00%, 7/1/2017 | 490,000 | 560,962 | ||||||
Howard County, MD, General Obligation Series B 5.00%, 8/15/2023 | 1,000,000 | 1,155,130 | ||||||
Maryland, State Department of Transportation, Consolidated Transportation Revenue 5.00%, 2/15/2016 | 250,000 | 274,007 | ||||||
Maryland, State Economic Development Corp. Lease Revenue 3.25%, 6/1/2025 | 480,000 | 469,229 | ||||||
Maryland, State General Obligation: | ||||||||
Series B 4.00%, 8/1/2022 | 550,000 | 599,747 | ||||||
Series C 4.00%, 8/15/2022 | 1,000,000 | 1,100,940 | ||||||
Series C 5.00%, 3/1/2017 | 3,110,000 | 3,528,388 | ||||||
Series B 5.00%, 8/1/2017 | 540,000 | 619,834 | ||||||
Series C 5.00%, 11/1/2018 | 825,000 | 969,911 | ||||||
Series C 5.00%, 3/1/2020 | 500,000 | 590,540 | ||||||
Series B 5.00%, 8/1/2024 | 140,000 | 157,338 | ||||||
Montgomery County, MD, General Obligation: | ||||||||
Series A 3.00%, 11/1/2026 | 3,210,000 | 3,068,343 | ||||||
Series A 3.00%, 11/1/2029 | 715,000 | 643,064 | ||||||
Series A 4.00%, 7/1/2030 | 5,000,000 | 5,061,550 | ||||||
Series A 5.00%, 11/1/2020 | 1,000,000 | 1,186,340 | ||||||
Washington, MD, Suburban Sanitation District, General Obligation 5.00%, 6/1/2017 | 2,000,000 | 2,285,720 | ||||||
24,249,408 | ||||||||
MASSACHUSETTS — 3.3% | ||||||||
Boston, MA, General Obigation 4.00%, 4/1/2018 | 450,000 | 504,563 | ||||||
Massachusetts, Development Finance Agency, Revenue Series S 5.00%, 7/1/2024 | 2,570,000 | 2,945,888 | ||||||
Massachusetts, School Building Authority, Sales Tax Revenue Series B 5.00%, 10/15/2032 | 500,000 | 533,445 | ||||||
Massachusetts, State College Building Authority Revenue: | ||||||||
Series C 3.00%, 5/1/2032 | 710,000 | 556,590 | ||||||
Series B 5.00%, 5/1/2035 | 760,000 | 811,209 | ||||||
Massachusetts, State General Obligation: | ||||||||
Series B 3.00%, 6/1/2027 | 160,000 | 144,760 | ||||||
Series A 5.00%, 3/1/2025 | 965,000 | 1,078,619 | ||||||
Series B 5.00%, 8/1/2025 | 5,100,000 | 5,779,524 | ||||||
Massachusetts, State Port Authority Revenue 5.00%, 7/1/2040 | 405,000 | 408,119 | ||||||
Massachusetts, State School Building Authority Revenue: | ||||||||
Series 2009-1 5.00%, 5/1/2019 | 815,000 | 951,667 | ||||||
Series B 5.00%, 10/15/2035 | 500,000 | 526,945 | ||||||
Massachusetts, State School Building Authority, Sales Tax Revenue Series B 5.00%, 8/15/2018 | 5,000,000 | 5,828,750 | ||||||
Massachusetts, State Water Pollution Abatement Trust Revenue 5.00%, 8/1/2024 | 480,000 | 542,650 | ||||||
Massachusetts, State Water Resources Authority Revenue: | ||||||||
Series B 5.00%, 8/1/2026 | 5,830,000 | 6,509,078 | ||||||
Series B 5.00%, 8/1/2030 | 2,775,000 | 2,975,244 | ||||||
30,097,051 | ||||||||
MICHIGAN — 0.8% | ||||||||
Detroit, MI, General Obligation: | ||||||||
5.00%, 11/1/2030 | 500,000 | 477,500 | ||||||
5.25%, 11/1/2035 | 550,000 | 523,221 | ||||||
Michigan, Municipal Bond Authority Revenue: | ||||||||
5.00%, 10/1/2023 | 1,000,000 | 1,094,700 | ||||||
5.00%, 10/1/2029 | 2,905,000 | 3,101,407 | ||||||
Michigan, State Finance Authority Revenue: | ||||||||
Series A 5.00%, 7/1/2018 | 1,000,000 | 1,163,100 | ||||||
5.00%, 10/1/2022 | 1,000,000 | 1,146,790 | ||||||
7,506,718 | ||||||||
MINNESOTA — 1.9% | ||||||||
Metropolitan Council Series I 4.00%, 3/1/2022 | 500,000 | 546,925 | ||||||
Minnesota, State General Obligation: | ||||||||
Series B 5.00%, 8/1/2018 | 1,700,000 | 1,987,725 |
See accompanying notes to financial statements.
183
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Series D 5.00%, 8/1/2018 | $ | 2,000,000 | $ | 2,338,500 | ||||
Series A 5.00%, 10/1/2018 | 3,320,000 | 3,895,057 | ||||||
Series D 5.00%, 8/1/2019 | 2,275,000 | 2,687,480 | ||||||
Series D 5.00%, 8/1/2020 | 450,000 | 532,507 | ||||||
Series D 5.00%, 8/1/2021 | 1,020,000 | 1,185,179 | ||||||
Series D 5.00%, 8/1/2022 | 855,000 | 986,696 | ||||||
University of Minnesota, Revenue Series A 5.00%, 12/1/2018 | 2,750,000 | 3,236,035 | ||||||
17,396,104 | ||||||||
MISSISSIPPI — 0.3% | ||||||||
Mississippi, State General Obligation Series A 5.00%, 10/1/2036 | 3,000,000 | 3,165,210 | ||||||
MISSOURI — 0.9% | ||||||||
Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Revenue Bond 5.00%, 10/1/2028 | 1,320,000 | 1,405,655 | ||||||
Metropolitan St. Louis, MO, Sewer District Wastewater System Revenue Series B 5.00%, 5/1/2038 | 5,000,000 | 5,270,050 | ||||||
Missouri, State Board of Public Buildings, Special Obligation Series A 1.00%, 10/1/2026 | 965,000 | 683,799 | ||||||
Missouri, State Health & Educational Facilities Authority Revenue Series A 5.25%, 3/15/2018 | 500,000 | 586,280 | ||||||
Missouri, State Highway & Transportation Commission, State Road Revenue Series A 5.00%, 5/1/2016 | 150,000 | 165,766 | ||||||
8,111,550 | ||||||||
NEBRASKA — 0.3% | ||||||||
Omaha, NE, Public Power District Electric Revenue Series C 5.00%, 2/1/2019 | 1,250,000 | 1,466,788 | ||||||
University of Nebraska, Revenue 5.00%, 7/1/2038 | 1,000,000 | 1,039,230 | ||||||
2,506,018 | ||||||||
NEVADA — 1.1% | ||||||||
Clark County, NV, Water Reclamation District, General Obligation Series A 5.25%, 7/1/2038 | 500,000 | 528,280 | ||||||
Las Vegas Valley, NV, Water District, General Obligation Series A 5.00%, 2/1/2033 | 350,000 | 360,514 | ||||||
Las Vegas, NV, General Obligation 6.00%, 4/1/2039 | 4,265,000 | 4,535,998 | ||||||
Nevada, State Unemployment Compensation Fund, Special Revenue 5.00%, 6/1/2016 | 3,810,000 | 4,221,861 | ||||||
9,646,653 | ||||||||
NEW JERSEY — 1.9% | ||||||||
New Jersey, Environmental Infrastructure Trust Revenue: | ||||||||
Series A 4.00%, 9/1/2022 | 15,000 | 16,895 | ||||||
Series A 4.00%, 9/1/2022 | 50,000 | 56,316 | ||||||
Series A 4.00%, 9/1/2022 | 3,135,000 | 3,324,667 | ||||||
Series A 4.00%, 9/1/2027 | 75,000 | 84,838 | ||||||
Series A 4.00%, 9/1/2027 | 2,355,000 | 2,428,570 | ||||||
Series A 4.00%, 9/1/2027 | 30,000 | 33,790 | ||||||
Series A 4.00%, 9/1/2027 | 40,000 | 45,053 | ||||||
Series A 4.00%, 9/1/2027 | 20,000 | 22,527 | ||||||
New Jersey, State General Obligation 5.00%, 6/1/2019 | 7,825,000 | 9,172,074 | ||||||
New Jersey, State Higher Education Assistance Authority Revenue Series 1A 5.00%, 12/1/2017 | 1,410,000 | 1,604,425 | ||||||
16,789,155 | ||||||||
NEW MEXICO — 0.4% | ||||||||
New Mexico, State Finance Authority Transportation Revenue: | ||||||||
4.00%, 6/15/2025 | 545,000 | 571,258 | ||||||
5.00%, 6/15/2017 | 3,000,000 | 3,422,400 | ||||||
3,993,658 | ||||||||
NEW YORK — 22.7% | ||||||||
Battery Park City, NY, Authority Revenue Series A 5.00%, 11/1/2024 | 2,500,000 | 2,890,200 | ||||||
Erie County, NY, Fiscal Stability Authority Sales Tax Revenue Series A 5.00%, 5/15/2020 | 1,000,000 | 1,162,050 | ||||||
Erie County, NY, Industrial Development Agency Revenue: | ||||||||
Series A 5.25%, 5/1/2023 | 400,000 | 446,428 | ||||||
Series A 5.25%, 5/1/2029 | 1,390,000 | 1,493,750 | ||||||
New York & New Jersey, Port Authority Revenue: | ||||||||
Series 179 4.00%, 6/1/2030 | 10,000,000 | 9,810,800 | ||||||
4.25%, 7/15/2040 | 1,000,000 | 932,150 | ||||||
4.50%, 7/15/2031 | 2,000,000 | 2,040,500 | ||||||
156th Series 4.75%, 11/1/2036 | 7,000,000 | 7,081,690 | ||||||
New York, NY, City Municipal Water Finance Authority: | ||||||||
5.00%, 6/15/2026 | 3,200,000 | 3,520,832 | ||||||
Series GG-2 5.25%, 6/15/2040 | 625,000 | 658,212 | ||||||
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue: | ||||||||
Series EE 4.00%, 6/15/2039 | 1,900,000 | 1,722,616 | ||||||
Series CC 5.00%, 6/15/2045 | 325,000 | 330,967 | ||||||
New York, NY, City Transitional Finance Authority: | ||||||||
Series E-1 5.00%, 2/1/2018 | 500,000 | 576,315 | ||||||
5.50%, 11/1/2035 | 4,545,000 | 4,948,551 | ||||||
New York, NY, City Transitional Finance Authority, Future Tax Secured Revenue: | ||||||||
SubSeries D 3.00%, 11/1/2027 | 320,000 | 287,965 | ||||||
Series E 4.00%, 11/1/2025 | 500,000 | 521,125 | ||||||
Series B 5.00%, 11/1/2016 | 570,000 | 642,059 | ||||||
Series B 5.00%, 11/1/2016 | 430,000 | 483,200 | ||||||
Series D 5.00%, 11/1/2016 | 1,690,000 | 1,899,087 | ||||||
Series C 5.00%, 11/1/2020 | 645,000 | 754,315 | ||||||
Series F-1 5.00%, 5/1/2021 | 500,000 | 580,940 | ||||||
Series D-1 5.00%, 11/1/2022 | 100,000 | 115,350 |
See accompanying notes to financial statements.
184
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Series A-1 5.00%, 5/1/2023 | $ | 20,000 | $ | 23,656 | ||||
Series A-1 5.00%, 5/1/2023 | 845,000 | 954,977 | ||||||
New York, NY, City Water Finance Authority, Water & Sewer System Revenue Series BB 4.63%, 6/15/2046 | 6,750,000 | 6,632,887 | ||||||
New York, NY, General Obligation: | ||||||||
Series I 5.00%, 8/1/2015 | 1,220,000 | 1,308,975 | ||||||
SubSeries J-1 5.00%, 3/1/2017 | 2,000,000 | 2,252,300 | ||||||
Series C 5.00%, 8/1/2017 | 2,000,000 | 2,275,160 | ||||||
Series A-1 5.00%, 10/1/2018 | 5,000,000 | 5,793,450 | ||||||
Series A-1 5.00%, 10/1/2019 | 5,000,000 | 5,792,400 | ||||||
Series I 5.00%, 8/1/2021 | 1,320,000 | 1,514,106 | ||||||
Series H-1 5.00%, 3/1/2023 | 500,000 | 555,550 | ||||||
Series C 5.00%, 8/1/2024 | 500,000 | 550,190 | ||||||
Series E 5.00%, 8/1/2025 | 5,000,000 | 5,485,750 | ||||||
5.00%, 8/1/2029 | 10,000,000 | 10,772,400 | ||||||
Series I 5.00%, 8/1/2029 | 4,025,000 | 4,308,682 | ||||||
SubSeries G-3 5.00%, 5/15/2033 | 500,000 | 535,375 | ||||||
Series C 5.25%, 8/1/2017 | 550,000 | 630,482 | ||||||
New York, NY, Liberty Development Corp. Revenue: | ||||||||
5.00%, 9/15/2032 | 4,500,000 | 4,753,485 | ||||||
5.13%, 1/15/2044 | 5,975,000 | 6,072,452 | ||||||
5.63%, 1/15/2046 | 1,000,000 | 1,051,840 | ||||||
New York, NY, Metropolitan Transportation Authority, Dedicated Tax Fund Revenue Series A 5.00%, 11/15/2031 | 1,295,000 | 1,370,913 | ||||||
New York, NY, Municipal Bond Bank Agency, Special School Purpose Revenue 5.00%, 12/1/2016 | 2,375,000 | 2,666,460 | ||||||
New York, NY, Triborough Bridge & Tunnel Authority Revenue: | ||||||||
Series B Zero Coupon, 11/15/2027 (a) | 1,850,000 | 1,028,396 | ||||||
Series B Zero Coupon, 11/15/2029 (a) | 735,000 | 359,305 | ||||||
Series A 5.00%, 1/1/2023 | 4,725,000 | 5,380,877 | ||||||
Series B 5.00%, 11/15/2025 | 600,000 | 670,926 | ||||||
Series B 5.00%, 11/15/2027 | 5,550,000 | 6,094,899 | ||||||
New York, NY, Trust for Cultural Resources, Wildlife Conservation Society Revenue Series A 5.00%, 8/1/2033 | 2,000,000 | 2,102,420 | ||||||
New York, State Dormitory Authority Revenue, Non State Supported Debt Series A 5.13%, 7/1/2039 | 900,000 | 948,591 | ||||||
New York, State Dormitory Authority Revenue, State Supported Debt: | ||||||||
Series A 4.00%, 5/15/2021 | 400,000 | 434,204 | ||||||
Series A 4.75%, 7/1/2029 | 2,500,000 | 2,685,725 | ||||||
Series A 5.00%, 5/15/2025 | 650,000 | 718,113 | ||||||
Series A 5.00%, 7/1/2027 | 520,000 | 569,244 | ||||||
New York, State Dormitory Authority, Personal Income Tax Revenue: | ||||||||
Series E 4.00%, 8/15/2031 | 655,000 | 642,791 | ||||||
Series A 5.00%, 3/15/2020 | 1,000,000 | 1,167,520 | ||||||
Series A 5.00%, 12/15/2020 | 500,000 | 586,150 | ||||||
Series C 5.00%, 3/15/2025 | 4,550,000 | 5,059,873 | ||||||
Series A 5.00%, 12/15/2030 | 2,430,000 | 2,609,212 | ||||||
Series B 5.25%, 2/15/2022 | 500,000 | 577,215 | ||||||
New York, State Dormitory Authority, Sales Tax Revenue: | ||||||||
Series A 4.13%, 3/15/2033 | 2,105,000 | 2,073,320 | ||||||
Series A 5.00%, 3/15/2028 | 10,000,000 | 10,996,400 | ||||||
New York, State Dormitory Authority, State Income Tax Revenue: | ||||||||
Series A 5.00%, 2/15/2020 | 7,850,000 | 9,148,547 | ||||||
5.00%, 7/1/2021 | 700,000 | 798,441 | ||||||
5.00%, 2/15/2029 | 750,000 | 810,930 | ||||||
Series A 5.00%, 2/15/2031 | 1,000,000 | 1,067,790 | ||||||
New York, State Environmental Facilities Corp. 5.00%, 6/15/2031 | 2,045,000 | 2,238,109 | ||||||
New York, State Environmental Facilities Corp., Clean Water & Drinking Revenue: | ||||||||
Series A 5.00%, 6/15/2022 | 500,000 | 589,255 | ||||||
Series A 5.13%, 6/15/2038 | 1,000,000 | 1,062,630 | ||||||
New York, State General Obligation: | ||||||||
3.00%, 3/1/2017 | 4,255,000 | 4,546,595 | ||||||
Series E 5.00%, 8/1/2018 | 635,000 | 732,961 | ||||||
Series B 5.00%, 8/1/2021 | 10,000,000 | 11,470,500 | ||||||
Series A-1 5.25%, 8/15/2028 | 760,000 | 841,480 | ||||||
New York, State Housing Finance Agency, Personal Income Tax Revenue Series A 5.00%, 3/15/2039 | 2,760,000 | 2,852,902 | ||||||
New York, State Thruway Authority, Personal Income Tax Revenue: | ||||||||
5.00%, 3/15/2022 | 2,160,000 | 2,469,312 | ||||||
Series A 5.00%, 3/15/2023 | 4,185,000 | 4,762,111 | ||||||
Series A 5.00%, 3/15/2026 | 405,000 | 448,327 | ||||||
Series A 5.00%, 3/15/2029 | 2,000,000 | 2,169,860 | ||||||
New York, State Urban Development Corp. Revenue: | ||||||||
Series A-1 5.00%, 12/15/2016 | 2,630,000 | 2,965,272 | ||||||
Series A 5.00%, 3/15/2018 | 1,120,000 | 1,298,438 | ||||||
Series B-1 5.00%, 3/15/2036 | 1,000,000 | 1,046,470 | ||||||
New York, Utility Debt Securitization Authority Revenue Series TE 5.00%, 12/15/2041 | 1,960,000 | 2,057,118 | ||||||
206,282,821 | ||||||||
NORTH CAROLINA — 2.9% | ||||||||
Charlotte, NC, General Obligation Series B 5.00%, 6/1/2022 | 475,000 | 535,767 | ||||||
Fayetteville, NC, Public Works Commission Revenue Series A 5.00%, 3/1/2019 | 500,000 | 581,065 | ||||||
North Carolina, State Capital Improvement Revenue: | ||||||||
Series A 4.50%, 5/1/2026 | 5,240,000 | 5,674,553 | ||||||
Series A 5.00%, 5/1/2016 | 3,000,000 | 3,309,450 | ||||||
Series A 5.00%, 5/1/2017 | 2,125,000 | 2,409,282 | ||||||
Series C 5.00%, 5/1/2028 | 905,000 | 982,206 |
See accompanying notes to financial statements.
185
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
North Carolina, State General Obligation: | ||||||||
Series A 5.00%, 3/1/2017 | $ | 1,870,000 | $ | 2,122,207 | ||||
5.00%, 3/1/2021 | 500,000 | 560,065 | ||||||
Series C 5.00%, 5/1/2026 | 900,000 | 1,072,017 | ||||||
North Carolina, State Grant Anticipation Revenue: | ||||||||
5.00%, 3/1/2018 | 1,455,000 | 1,670,660 | ||||||
5.00%, 3/1/2019 | 1,930,000 | 2,228,474 | ||||||
Wake County, NC, General Obligation: | ||||||||
Series C 5.00%, 3/1/2021 | 1,100,000 | 1,297,417 | ||||||
Series C 5.00%, 3/1/2023 | 3,445,000 | 4,062,723 | ||||||
26,505,886 | ||||||||
OHIO — 0.9% | ||||||||
Columbus, OH, General Obligation Series A 5.00%, 8/15/2024 | 2,990,000 | 3,478,118 | ||||||
Hamilton County, OH, Sewer System Revenue Series A 5.00%, 12/1/2028 | 3,000,000 | 3,305,100 | ||||||
Ohio, State General Obligation: | ||||||||
Series A 5.00%, 9/15/2019 | 500,000 | 587,480 | ||||||
Series B 5.00%, 8/1/2021 | 450,000 | 527,895 | ||||||
7,898,593 | ||||||||
OKLAHOMA — 0.3% | ||||||||
Oklahoma, State Turnpike Authority Revenue Series A 5.00%, 1/1/2023 | 2,000,000 | 2,270,640 | ||||||
Tulsa County, OK, Educational Facilities Lease Revenue 5.50%, 9/1/2016 | 635,000 | 711,924 | ||||||
2,982,564 | ||||||||
OREGON — 0.5% | ||||||||
Metro, OR, General Obligation Series A 5.00%, 6/1/2024 | 1,010,000 | 1,164,833 | ||||||
Salem, OR, General Obligation: | ||||||||
5.00%, 6/1/2028 | 1,450,000 | 1,590,026 | ||||||
5.00%, 6/1/2029 | 1,480,000 | 1,583,260 | ||||||
4,338,119 | ||||||||
PENNSYLVANIA — 2.9% | ||||||||
Pennsylvania, State Economic Development Financing Authority, Unemployment Compensation Revenue Series B 5.00%, 7/1/2021 | 5,000,000 | 5,610,700 | ||||||
Pennsylvania, State General Obligation: | ||||||||
5.00%, 7/1/2015 | 5,000,000 | 5,352,500 | ||||||
5.00%, 3/15/2017 | 2,630,000 | 2,980,947 | ||||||
5.00%, 4/15/2021 | 4,000,000 | 4,590,040 | ||||||
Series A 5.00%, 5/1/2021 | 1,500,000 | 1,730,505 | ||||||
5.00%, 7/1/2021 | 1,000,000 | 1,169,890 | ||||||
5.00%, 11/15/2021 | 1,000,000 | 1,171,270 | ||||||
5.00%, 11/15/2022 | 1,000,000 | 1,152,050 | ||||||
5.00%, 11/15/2023 | 895,000 | 1,020,917 | ||||||
Pennsylvania, State University Revenue 5.00%, 3/1/2040 | 500,000 | 522,015 | ||||||
Pennsylvania, Turnpike Commission Revenue: | ||||||||
4.50%, 12/1/2038 | 300,000 | 279,162 | ||||||
Series C 6.00%, 6/1/2023 (b) | 755,000 | 865,857 | ||||||
26,445,853 | ||||||||
RHODE ISLAND — 0.1% | ||||||||
Rhode Island, State & Providence Plantations, Consolidated Capital Development Revenue Series A 4.00%, 10/1/2018 | 475,000 | 530,333 | ||||||
SOUTH CAROLINA — 1.5% | ||||||||
Charleston, SC, General Obligation 5.00%, 11/1/2023 | 1,035,000 | 1,190,095 | ||||||
South Carolina, State Education Assistance Authority Series I 5.00%, 10/1/2024 | 845,000 | 869,539 | ||||||
South Carolina, State General Obligation Series A 2.00%, 4/1/2024 | 3,000,000 | 2,714,670 | ||||||
South Carolina, State Public Service Authority: | ||||||||
Series E 5.00%, 1/1/2017 | 2,500,000 | 2,807,625 | ||||||
Series D 5.00%, 12/1/2043 | 6,450,000 | 6,439,744 | ||||||
14,021,673 | ||||||||
SOUTH DAKOTA — 0.1% | ||||||||
Sioux Falls, SD, Sales Tax Revenue Series A 3.38%, 11/15/2032 | 1,355,000 | 1,108,363 | ||||||
TENNESSEE — 1.3% | ||||||||
Memphis, TN, General Obligation 5.00%, 5/1/2022 | 1,120,000 | 1,282,971 | ||||||
Metropolitan Government of Nashville & Davidson County, TN, General Obligation: | ||||||||
5.00%, 1/1/2019 | 500,000 | 578,175 | ||||||
5.00%, 7/1/2020 | 1,000,000 | 1,174,540 | ||||||
Series D 5.00%, 7/1/2020 | 4,000,000 | 4,679,640 | ||||||
Metropolitan Government of Nashville & Davidson County, TN, Water & Sewer Revenue Series A 5.00%, 1/1/2016 (b) | 475,000 | 516,496 | ||||||
Shelby County, TN, General Obligation: | ||||||||
Series A 5.00%, 4/1/2019 | 705,000 | 826,267 | ||||||
Series A 5.00%, 3/1/2022 | 1,000,000 | 1,169,020 | ||||||
Tennessee, State General Obligation Series C 5.00%, 5/1/2027 | 1,095,000 | 1,225,678 | ||||||
Tennessee, State School Bond Authority Series A 5.00%, 5/1/2027 | 500,000 | 551,805 | ||||||
12,004,592 | ||||||||
TEXAS — 7.0% | ||||||||
Austin, TX, General Obligation: | ||||||||
5.00%, 9/1/2019 | 660,000 | 776,675 | ||||||
5.00%, 9/1/2022 | 570,000 | 669,180 | ||||||
Austin, TX, Water & Wastewater System Revenue: | ||||||||
5.00%, 11/15/2041 | 1,500,000 | 1,540,110 | ||||||
5.00%, 11/15/2042 | 2,800,000 | 2,880,584 | ||||||
Bexar County, TX, General Obligation Series B 5.00%, 6/15/2032 | 3,000,000 | 3,243,900 |
See accompanying notes to financial statements.
186
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Canadian River, TX, Municipal Water Authority Corp. 5.00%, 2/15/2031 | $ | 3,810,000 | $ | 4,019,436 | ||||
Comal, TX, Independent School District, General Obligation Series A 5.00%, 2/1/2021 (b) | 650,000 | 763,555 | ||||||
Crowley, TX, Independent School District, General Obligation 5.00%, 8/1/2036 (b) | 400,000 | 424,816 | ||||||
Cypress-Fairbanks, TX, Independent School District, General Obligation 5.00%, 2/15/2025 (b) | 500,000 | 560,235 | ||||||
Dallas, TX, Civic Center Convention Complex Revenue: | ||||||||
5.00%, 8/15/2028 (b) | 200,000 | 209,234 | ||||||
5.25%, 8/15/2038 (b) | 510,000 | 528,493 | ||||||
Dallas, TX, General Obligation: | ||||||||
Series A 4.00%, 2/15/2015 | 1,470,000 | 1,532,269 | ||||||
5.00%, 2/15/2021 | 425,000 | 474,602 | ||||||
Dallas, TX, Waterworks & Sewer System Revenue: | ||||||||
5.00%, 10/1/2020 | 500,000 | 589,935 | ||||||
5.00%, 10/1/2036 | 705,000 | 742,358 | ||||||
Fort Worth, TX, General Obligation 5.00%, 3/1/2023 | 500,000 | 578,160 | ||||||
Harris County, TX, Metropolitan Transit Authority, Sales & Use Tax Revenue Series A 5.00%, 11/1/2031 | 5,395,000 | 5,731,540 | ||||||
Harris County, TX, Flood Control District Series A 5.00%, 10/1/2039 | 1,585,000 | 1,656,816 | ||||||
Harris County, TX, General Obligation: | ||||||||
Series A 4.75%, 3/1/2020 | 600,000 | 679,566 | ||||||
5.00%, 10/1/2021 | 3,000,000 | 3,470,790 | ||||||
Harris County, TX, Revenue Series C 5.00%, 8/15/2049 | 500,000 | 513,995 | ||||||
Houston, TX, Airport System Revenue, Senior Lien Series A 5.50%, 7/1/2034 | 1,850,000 | 1,984,902 | ||||||
Houston, TX, General Obligation: | ||||||||
5.00%, 3/1/2018 | 210,000 | 242,663 | ||||||
Series A 5.00%, 3/1/2022 | 2,000,000 | 2,255,780 | ||||||
Series D-2 5.00%, 10/1/2039 | 500,000 | 534,760 | ||||||
Houston, TX, Utility System Revenue Series A 5.25%, 11/15/2031 (b) | 4,600,000 | 4,924,990 | ||||||
Leander, TX, Independent School District, General Obligation Series A Zero Coupon, 8/15/2034 (a)(b) | 3,000,000 | 1,139,700 | ||||||
Liberty Hill, TX, Independent School District 5.00%, 8/1/2035 (b) | 1,000,000 | 1,058,230 | ||||||
Midland County, TX, Fresh Water Supply District No. 1 Revenue Series A Zero Coupon, 9/15/2033 (a) | 1,530,000 | 552,513 | ||||||
San Antonio, TX, Electric & Gas Revenue: | ||||||||
5.00%, 2/1/2017 | 180,000 | 203,170 | ||||||
5.00%, 2/1/2023 | 2,500,000 | 2,911,650 | ||||||
5.25%, 2/1/2024 | 5,000,000 | 5,909,350 | ||||||
San Antonio, TX, Independent School District, General Obligation 5.00%, 8/15/2025 (b) | 2,000,000 | 2,226,080 | ||||||
Texas, A&M Permanent University Fund Revenue Series A 5.00%, 7/1/2025 | 935,000 | 1,103,693 | ||||||
Texas, State General Obligation Series A 5.00%, 10/1/2029 | 450,000 | 487,962 | ||||||
Texas, State Public Finance Authority: | ||||||||
Series A 5.00%, 1/1/2017 | 1,100,000 | 1,195,414 | ||||||
Series B 5.00%, 1/1/2018 | 500,000 | 533,735 | ||||||
Series B 5.00%, 7/1/2018 | 1,480,000 | 1,579,855 | ||||||
Texas, State Water Development Board, Revenue 5.00%, 7/15/2021 | 875,000 | 1,023,129 | ||||||
Tyler, TX, Independent School District, General Obligation 5.00%, 2/15/2038 (b) | 500,000 | 528,465 | ||||||
University of Texas, Revenue: | ||||||||
Series A 4.00%, 8/15/2021 | 500,000 | 555,010 | ||||||
Series B 5.00%, 8/15/2017 | 500,000 | 574,130 | ||||||
63,111,430 | ||||||||
UTAH — 0.3% | ||||||||
Central Utah, Water Conservancy District, General Obligation Series A 5.00%, 4/1/2028 | 550,000 | 601,992 | ||||||
Utah, State General Obligation: | ||||||||
Series C 5.00%, 7/1/2016 | 500,000 | 557,165 | ||||||
Series A 5.00%, 7/1/2022 | 1,035,000 | 1,213,920 | ||||||
2,373,077 | ||||||||
VIRGINIA — 2.1% | ||||||||
Fairfax County, VA, General Obligation: | ||||||||
Series A 3.00%, 4/1/2026 | 3,180,000 | 3,052,100 | ||||||
Series B 4.00%, 10/1/2020 | 1,015,000 | 1,134,983 | ||||||
Series B 5.00%, 4/1/2024 | 900,000 | 1,063,809 | ||||||
Series A 5.00%, 4/1/2030 | 450,000 | 491,035 | ||||||
Montgomery County, VA, Industrial Development Authority Revenue 5.00%, 2/1/2024 | 445,000 | 474,802 | ||||||
Virginia, College Building Authority, Educational Facilities Revenue: | ||||||||
Series A 5.00%, 2/1/2021 | 400,000 | 452,008 | ||||||
5.00%, 2/1/2027 | 3,620,000 | 3,983,556 | ||||||
Virginia, State College Building Authority, Educational Facilities Revenue Series A 4.00%, 2/1/2015 | 720,000 | 749,045 | ||||||
Virginia, State Public Building Authority, Public Facilities Revenue: | ||||||||
Series B 5.00%, 8/1/2017 | 3,030,000 | 3,464,260 | ||||||
Series A 5.00%, 8/1/2025 | 500,000 | 556,865 | ||||||
Virginia, State Public School Authority Revenue: | ||||||||
Series B-1 5.00%, 8/1/2017 | 1,000,000 | 1,143,320 | ||||||
Series C 5.00%, 8/1/2017 | 215,000 | 245,814 |
See accompanying notes to financial statements.
187
SPDR Nuveen Barclays Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Virginia, State Transportation Board Revenue 4.00%, 3/15/2028 | $ | 2,500,000 | $ | 2,497,200 | ||||
19,308,797 | ||||||||
WASHINGTON — 3.5% | ||||||||
Central Puget Sound, WA, Regional Transit Authority, Sales & Use Tax Revenue Series S-1 5.00%, 11/1/2026 | 500,000 | 560,090 | ||||||
King County, WA, General Obligation 5.00%, 12/1/2020 | 600,000 | 707,154 | ||||||
King County, WA, School District No. 403 Renton, General Obligation 5.00%, 12/1/2022 | 1,540,000 | 1,792,298 | ||||||
Pierce County, WA, School District No. 3 Puyallup, General Obligation Series A 5.00%, 12/1/2025 | 2,250,000 | 2,545,020 | ||||||
Seattle, WA, Municipal Light & Power Revenue Series B 5.00%, 2/1/2015 | 1,000,000 | 1,051,200 | ||||||
Snohomish County, WA, School District No. 15, General Obligation 5.00%, 12/1/2018 | 2,250,000 | 2,633,108 | ||||||
Tacoma, WA, Electric System Revenue Series A 5.00%, 1/1/2020 | 1,365,000 | 1,561,792 | ||||||
Washington, State General Obligation: | ||||||||
Series D 4.00%, 2/1/2037 | 4,450,000 | 3,974,784 | ||||||
5.00%, 7/1/2025 | 600,000 | 678,342 | ||||||
Series R-2012C 5.00%, 7/1/2025 | 5,265,000 | 5,952,451 | ||||||
Series A 5.00%, 8/1/2025 | 2,805,000 | 3,136,299 | ||||||
Series C 5.00%, 6/1/2041 | 7,200,000 | 7,433,640 | ||||||
32,026,178 | ||||||||
WISCONSIN — 2.5% | ||||||||
Milwaukee, WI, General Obligation, Promissory Notes Series N1 5.00%, 2/1/2019 | 10,320,000 | 11,986,267 | ||||||
Wisconsin, State Department of Transportation Revenue Series 1 5.00%, 7/1/2030 | 8,885,000 | 9,646,356 | ||||||
Wisconsin, State General Obligation 4.00%, 11/1/2016 | 1,300,000 | 1,424,514 | ||||||
23,057,137 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $914,774,572) | 901,790,876 | |||||||
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 $2,328,740) | 2,328,740 | 2,328,740 | ||||||
TOTAL INVESTMENTS — 99.7% (f) | ||||||||
(Cost $917,103,312) | 904,119,616 | |||||||
OTHER ASSETS & LIABILITIES — 0.3% | 2,939,789 | |||||||
NET ASSETS — 100.0% | $ | 907,059,405 | ||||||
(a) | Non-income producing security. | |||||
(b) | Bond is insured by one of these companies: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Assured Guaranty Corp. | 0.78 | % | ||||
Permanent School Fund Guaranteed | 0.74 | % | ||||
Assured Guaranty Municipal Corp. | 0.51 | % | ||||
(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.
188
SPDR Nuveen Barclays California Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 101.4% | ||||||||
CALIFORNIA — 101.4% | ||||||||
Alameda County, CA, Joint Powers Authority, Lease Revenue Series A 5.25%, 12/1/2026 | $ | 245,000 | $ | 272,798 | ||||
California Educational Facilities Authority Series A 5.25%, 10/1/2038 | 100,000 | 106,002 | ||||||
California, Bay Area Toll Authority Revenue: | ||||||||
3.00%, 4/1/2027 | 500,000 | 447,290 | ||||||
5.00%, 4/1/2024 | 250,000 | 284,283 | ||||||
5.00%, 4/1/2025 | 300,000 | 331,770 | ||||||
5.00%, 4/1/2028 | 750,000 | 816,412 | ||||||
5.13%, 4/1/2039 | 125,000 | 130,198 | ||||||
California, Bay Area Water Supply & Conservation Agency Revenue Series A 2.00%, 10/1/2015 | 500,000 | 514,865 | ||||||
California, East Bay Municipal Utility District, Water System Revenue: | ||||||||
Series B 5.00%, 6/1/2020 | 1,000,000 | 1,190,020 | ||||||
Series B 5.00%, 6/1/2023 | 1,000,000 | 1,188,930 | ||||||
California, Infrastructure & Economic Development Bank Revenue Series A 5.00%, 6/1/2021 | 500,000 | 589,260 | ||||||
California, State Department of Water Resources: | ||||||||
Series M 4.00%, 5/1/2019 | 2,000,000 | 2,261,240 | ||||||
Series L 5.00%, 5/1/2016 | 200,000 | 221,316 | ||||||
Series L 5.00%, 5/1/2019 | 1,290,000 | 1,524,328 | ||||||
California, State Department of Water Resources Revenue: | ||||||||
Series M 4.00%, 5/1/2016 | 500,000 | 541,755 | ||||||
Series L 5.00%, 5/1/2017 | 500,000 | 570,595 | ||||||
California, State Economic Recovery, General Obligation Series A 4.60%, 7/1/2019 | 1,055,000 | 1,226,269 | ||||||
California, State Public Works Board, Lease Revenue: | ||||||||
Series F 5.00%, 10/1/2018 | 1,060,000 | 1,250,249 | ||||||
5.00%, 4/1/2034 | 340,000 | 402,526 | ||||||
California, State University Revenue Series A 4.00%, 11/1/2032 | 615,000 | 589,797 | ||||||
California, William S. Hart Union High School District, Election of 2008: | ||||||||
Series C 4.00%, 8/1/2027 | 500,000 | 502,760 | ||||||
Series C 4.00%, 8/1/2038 | 595,000 | 506,637 | ||||||
Coast, CA, Community College District, General Obligation Series��A 5.00%, 8/1/2020 | 1,200,000 | 1,413,552 | ||||||
Contra Costa County, CA, Community College District, General Obligation: | ||||||||
4.00%, 8/1/2030 | 885,000 | 869,176 | ||||||
5.00%, 8/1/2034 | 695,000 | 730,056 | ||||||
Contra Costa County, CA, Transportation Authority Sales Tax Revenue: | ||||||||
Series B 5.00%, 3/1/2023 | 600,000 | 687,612 | ||||||
Series B 5.00%, 3/1/2025 | 750,000 | 841,282 | ||||||
Grossmont, CA, Community College District, Election of 2012 Series A 5.25%, 8/1/2038 | 800,000 | 839,888 | ||||||
Long Beach, CA, Community College District, General Obligation Series B 5.00%, 8/1/2039 | 500,000 | 511,180 | ||||||
Long Beach, CA, Unified School District, General Obligation 5.00%, 8/1/2029 | 1,000,000 | 1,079,510 | ||||||
Los Angeles County, CA, Metropolitan Transportation Authority, Sales Tax Revenue: | ||||||||
5.00%, 6/1/2020 | 1,700,000 | 2,024,173 | ||||||
5.00%, 7/1/2026 | 500,000 | 560,170 | ||||||
Los Angeles, CA, Community College District, General Obligation: | ||||||||
Series F 4.00%, 8/1/2032 | 1,000,000 | 940,460 | ||||||
Series F 5.00%, 8/1/2029 | 1,000,000 | 1,091,360 | ||||||
Los Angeles, CA, Department of Airports Revenue: | ||||||||
Series A 5.00%, 5/15/2021 | 1,000,000 | 1,118,230 | ||||||
Series A 5.00%, 5/15/2034 | 100,000 | 104,285 | ||||||
Series B 5.00%, 5/15/2035 | 1,750,000 | 1,817,707 | ||||||
Series D 5.00%, 5/15/2040 | 1,000,000 | 1,016,270 | ||||||
Los Angeles, CA, Department of Water & Power Series A 5.00%, 7/1/2041 | 1,750,000 | 1,807,242 | ||||||
Los Angeles, CA, Department of Water & Power Revenue: | ||||||||
Series C 5.00%, 1/1/2016 | 2,000,000 | 2,165,560 | ||||||
Series B 5.00%, 7/1/2019 | 205,000 | 241,941 | ||||||
Los Angeles, CA, General Obligation Series A 5.00%, 9/1/2019 | 500,000 | 591,350 | ||||||
Los Angeles, CA, Harbor Department Revenue: | ||||||||
Series A 5.00%, 8/1/2029 | 515,000 | 556,205 | ||||||
Series C 5.25%, 8/1/2023 | 500,000 | 558,925 | ||||||
Los Angeles, CA, Solid Waste Resources Revenue Series B 5.00%, 2/1/2018 | 1,000,000 | 1,156,950 | ||||||
Los Angeles, CA, Unified School District, General Obligation: | ||||||||
Series A-1 4.00%, 7/1/2016 | 250,000 | 272,250 | ||||||
Series KRY 5.00%, 7/1/2018 | 935,000 | 1,091,790 | ||||||
Series D 5.25%, 7/1/2025 | 1,250,000 | 1,416,525 | ||||||
Los Angeles, CA, Wastewater System Revenue: | ||||||||
Series A 5.00%, 6/1/2018 | 500,000 | 584,285 | ||||||
Series B 5.00%, 6/1/2030 | 1,000,000 | 1,082,600 | ||||||
5.00%, 6/1/2039 | 500,000 | 517,180 | ||||||
Los Angeles, CA, Water Utility, General Obligation Series A 4.00%, 9/1/2018 | 1,000,000 | 1,128,490 | ||||||
Marin, CA, Water District Financing Authority Series A 5.00%, 7/1/2044 | 1,000,000 | 1,034,230 | ||||||
Metropolitan Water District of Southern California: | ||||||||
Series C 4.00%, 10/1/2017 | 250,000 | 279,878 |
See accompanying notes to financial statements.
189
SPDR Nuveen Barclays California Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Series C 5.00%, 10/1/2027 | $ | 1,500,000 | $ | 1,734,750 | ||||
Series A 5.00%, 1/1/2031 | 850,000 | 915,926 | ||||||
Newport Mesa, CA, Unified School District Election of 2005 Zero Coupon, 8/1/2041 (a) | 4,000,000 | 701,760 | ||||||
Ohlone, CA, Community College District 5.00%, 8/1/2028 | 600,000 | 649,074 | ||||||
Orange County, CA, Sanitation District Wastewater Revenue Series A 3.00%, 2/1/2031 | 500,000 | 409,295 | ||||||
Pasadena, CA, Unified School District, General Obligation 5.00%, 5/1/2034 | 750,000 | 773,655 | ||||||
Poway, CA, Unified School District, General Obligation Zero Coupon, 8/1/2046 (a) | 3,000,000 | 424,950 | ||||||
San Antonio, CA, Community College District, General Obligation Series A Zero Coupon, 8/1/2043 | 2,000,000 | 929,160 | ||||||
San Diego County, CA, Regional Transportation Commission Revenue Series A 5.00%, 4/1/2042 | 750,000 | 781,282 | ||||||
San Diego County, CA, Water Authority Revenue, Certificates of Participation 5.00%, 5/1/2024 | 1,000,000 | 1,148,920 | ||||||
San Diego, CA, Community College District: | ||||||||
5.00%, 8/1/2028 | 500,000 | 548,545 | ||||||
5.00%, 8/1/2041 | 750,000 | 773,340 | ||||||
San Diego, CA, Public Facilities Financing Authority, Sewer Revenue: | ||||||||
Series B 5.00%, 5/15/2021 | 1,000,000 | 1,129,970 | ||||||
Series A 5.25%, 5/15/2039 | 500,000 | 515,970 | ||||||
San Diego, CA, Public Facilities Financing Authority, Water Revenue: | ||||||||
Series A 5.00%, 8/1/2024 | 750,000 | 833,152 | ||||||
Series A 5.00%, 8/1/2028 | 330,000 | 357,469 | ||||||
San Francisco, CA, Bay Area Rapid Transit District Revenue Series A 5.00%, 7/1/2032 | 1,000,000 | 1,070,610 | ||||||
San Francisco, CA, City & County Public Utilities Commission, Water Revenue: | ||||||||
Series A 4.50%, 11/1/2038 | 315,000 | 312,190 | ||||||
Series A 5.00%, 11/1/2032 | 860,000 | 912,469 | ||||||
Series A 5.00%, 11/1/2041 | 750,000 | 766,500 | ||||||
San Francisco, CA, City & County Unified School District 4.00%, 6/15/2023 | 1,250,000 | 1,323,550 | ||||||
San Francisco, CA, City & County Unified School District Election of 2006 Series B 5.25%, 6/15/2022 | 800,000 | 924,216 | ||||||
San Joaquin County, CA, Transportation Authority, Sales Tax Revenue: | ||||||||
Series A 5.00%, 3/1/2027 | 750,000 | 811,237 | ||||||
5.25%, 3/1/2031 | 750,000 | 807,780 | ||||||
San Jose, CA, Financing Authority Revenue Series A 5.00%, 6/1/2039 | 1,400,000 | 1,417,752 | ||||||
San Marcos, CA, Unified School District Election of 2010 Series A 5.00%, 8/1/2038 | 750,000 | 763,223 | ||||||
San Mateo, CA, Union High School District, General Obligation Series A 5.00%, 9/1/2026 | 500,000 | 562,755 | ||||||
San Ramon Valley, CA, Unified School District 5.00%, 8/1/2028 | 500,000 | 548,930 | ||||||
Solano County, CA, Community College District, General Obligation Series A 4.38%, 8/1/2047 | 500,000 | 439,800 | ||||||
Sonoma County, CA, Junior College District, General Obligation 5.00%, 8/1/2019 | 1,000,000 | 1,180,720 | ||||||
Southern California Public Power Authority: | ||||||||
5.00%, 7/1/2022 | 1,000,000 | 1,134,100 | ||||||
5.00%, 7/1/2030 | 1,000,000 | 1,061,910 | ||||||
5.25%, 7/1/2030 | 500,000 | 543,120 | ||||||
University of California, Revenue: | ||||||||
Series E 4.00%, 5/15/2019 | 1,260,000 | 1,410,545 | ||||||
Series Q 5.00%, 5/15/2021 | 125,000 | 141,434 | ||||||
Series AF 5.00%, 5/15/2024 | 1,000,000 | 1,160,330 | ||||||
5.00%, 5/15/2037 | 750,000 | 774,788 | ||||||
Series Q 5.25%, 5/15/2023 | 1,000,000 | 1,130,450 | ||||||
University of Southern California, Educational Facilities Authority Revenue Series A 5.00%, 10/1/2039 | 200,000 | 207,664 | ||||||
Ventura County, CA, Public Financing Authority, Lease Revenue: | ||||||||
Series A 5.00%, 11/1/2024 | 300,000 | 332,919 | ||||||
Series A 5.00%, 11/1/2025 | 600,000 | 662,964 | ||||||
Yosemite, CA, Community College District, General Obligation Zero Coupon, 8/1/2042 | 500,000 | 179,366 | ||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $79,822,112) | 78,808,152 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.3% | ||||||||
MONEY MARKET FUND — 0.3% | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (b)(c)(d) (Cost $265,454) | 265,454 | 265,454 | ||||||
TOTAL INVESTMENTS — 101.7% (e) | ||||||||
(Cost $80,087,566) | 79,073,606 | |||||||
OTHER ASSETS & LIABILITIES — (1.7)% | (1,334,785 | ) | ||||||
NET ASSETS — 100.0% | $ | 77,738,821 | ||||||
See accompanying notes to financial statements.
190
SPDR Nuveen Barclays California Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
(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.
191
SPDR Nuveen Barclays New York Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 101.8% | ||||||||
NEW YORK — 101.8% | ||||||||
Battery Park City, NY, Authority Revenue Series A 5.00%, 11/1/2024 | $ | 500,000 | $ | 578,040 | ||||
Dutchess County, NY, Local Development Corp. Revenue Series A 5.00%, 1/1/2049 | 500,000 | 505,415 | ||||||
Erie County, NY, Fiscal Stability Authority Sales Tax Revenue Series A 5.00%, 5/15/2021 | 250,000 | 285,577 | ||||||
Erie County, NY, Industrial Development Agency Revenue 5.00%, 5/1/2026 | 395,000 | 431,166 | ||||||
Monroe County, NY, Industrial Development Agency, School Facility Revenue 5.00%, 5/1/2027 | 200,000 | 216,392 | ||||||
Monroe County, NY, Industrial Development Corp. Revenue Series A 5.00%, 7/1/2030 | 250,000 | 265,312 | ||||||
Nassau County, NY, Interim Finance Authority Revenue: | ||||||||
Series A 3.00%, 11/15/2014 | 400,000 | 409,180 | ||||||
Series A 5.00%, 11/15/2014 | 100,000 | 104,008 | ||||||
New York & New Jersey, Port Authority Revenue: | ||||||||
3.00%, 12/1/2030 | 200,000 | 166,164 | ||||||
4.00%, 12/1/2022 | 300,000 | 322,128 | ||||||
5.00%, 7/15/2039 | 250,000 | 258,148 | ||||||
New York, NY, City Educational Construction Fund Revenue Series A 5.75%, 4/1/2041 | 85,000 | 94,101 | ||||||
New York, NY, City Transitional Finance Authority Revenue: | ||||||||
Series D 3.20%, 11/1/2018 | 140,000 | 151,703 | ||||||
Series E 5.00%, 11/1/2017 | 500,000 | 576,790 | ||||||
Series B 5.00%, 11/1/2018 | 200,000 | 233,948 | ||||||
Series S-5 5.00%, 1/15/2026 | 200,000 | 219,408 | ||||||
Series S-4 5.50%, 1/15/2033 | 500,000 | 552,010 | ||||||
New York, NY, City Transitional Finance Authority, Future Tax Secured Revenue: | ||||||||
Series A 5.00%, 11/1/2018 | 35,000 | 41,263 | ||||||
Series A 5.00%, 11/1/2018 | 65,000 | 75,952 | ||||||
5.00%, 11/1/2020 | 500,000 | 584,740 | ||||||
New York, NY, City Water Finance Authority, Water & Sewer System Revenue: | ||||||||
Series DD 3.13%, 6/15/2027 | 165,000 | 151,952 | ||||||
Series BB 4.63%, 6/15/2046 | 500,000 | 491,325 | ||||||
New York, NY, General Obligation: | ||||||||
Series A 3.00%, 8/1/2017 | 200,000 | 213,512 | ||||||
Series E 4.00%, 8/1/2022 | 250,000 | 265,965 | ||||||
Series C 5.00%, 8/1/2024 | 500,000 | 550,190 | ||||||
Series E 5.00%, 8/1/2025 | 525,000 | 576,004 | ||||||
New York, NY, Liberty Development Corp. Revenue: | ||||||||
5.00%, 9/15/2032 | 500,000 | 528,165 | ||||||
5.13%, 1/15/2044 | 500,000 | 508,155 | ||||||
5.25%, 12/15/2043 | 500,000 | 518,055 | ||||||
New York, NY, Metropolitan Transportation Authority, Dedicated Tax Fund Revenue: | ||||||||
Series A 5.00%, 11/15/2015 | 225,000 | 244,274 | ||||||
Series A 5.00%, 11/15/2031 | 500,000 | 529,310 | ||||||
New York, NY, Municipal Bond Bank Agency, Special School Purpose Revenue 5.00%, 12/1/2016 | 500,000 | 561,360 | ||||||
New York, NY, Municipal Water Finance Authority Revenue: | ||||||||
Series EE 4.00%, 6/15/2045 | 255,000 | 221,077 | ||||||
Series GG-2 5.00%, 6/15/2035 | 100,000 | 104,851 | ||||||
Series AA 5.00%, 6/15/2044 | 500,000 | 509,010 | ||||||
New York, NY, Triborough Bridge & Tunnel Authority Revenue: | ||||||||
Series A 5.00%, 1/1/2023 | 500,000 | 569,405 | ||||||
Series B 5.00%, 11/15/2023 | 500,000 | 571,830 | ||||||
Series B 5.00%, 11/15/2023 | 500,000 | 578,765 | ||||||
New York, NY, Trust for Cultural Resources, Wildlife Conservation Society Revenue Series A 5.00%, 8/1/2033 | 250,000 | 262,802 | ||||||
New York, State Bridge Authority General Obligation 4.00%, 1/1/2027 | 500,000 | 508,900 | ||||||
New York, State Dormitory Authority Revenue 4.00%, 1/15/2022 | 500,000 | 522,035 | ||||||
New York, State Dormitory Authority Revenue, Cornell University Series A 5.00%, 7/1/2034 | 355,000 | 375,015 | ||||||
New York, State Dormitory Authority Revenue, Non State Supported Debt: | ||||||||
Series A 5.25%, 7/1/2028 | 500,000 | 552,255 | ||||||
Series A 5.25%, 7/1/2034 | 240,000 | 262,051 | ||||||
New York, State Dormitory Authority, Sales Tax Revenue Series A 4.13%, 3/15/2033 | 900,000 | 886,455 | ||||||
New York, State Dormitory Authority, State Personal Income Tax Revenue: | ||||||||
4.00%, 3/15/2019 | 100,000 | 111,909 | ||||||
Series B 5.00%, 2/15/2018 | 125,000 | 144,529 | ||||||
Series E 5.00%, 2/15/2027 | 350,000 | 382,865 | ||||||
Series E 5.00%, 2/15/2040 | 200,000 | 206,906 | ||||||
New York, State Environmental Facilities Corp. Revenue: | ||||||||
Series A 5.00%, 6/15/2018 | 250,000 | 290,927 | ||||||
5.00%, 6/15/2036 | 500,000 | 528,625 | ||||||
5.00%, 6/15/2041 | 250,000 | 259,758 | ||||||
Series A 5.25%, 12/15/2026 | 200,000 | 224,822 | ||||||
New York, State Environmental Facilities Corp., Clean Water & Drinking Revenue Series A 4.00%, 6/15/2027 | 275,000 | 282,133 | ||||||
New York, State General Obligation Series C 4.50%, 2/1/2020 | 200,000 | 228,478 | ||||||
New York, State Housing Finance Agency, Personal Income Tax Revenue Series A 5.00%, 3/15/2039 | 550,000 | 568,513 | ||||||
New York, State Power Authority Revenue Series A 5.00%, 11/15/2022 | 500,000 | 585,750 |
See accompanying notes to financial statements.
192
SPDR Nuveen Barclays New York Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
New York, State Thruway Authority, Personal Income Tax Revenue 5.00%, 3/15/2021 | $ | 450,000 | $ | 526,518 | ||||
New York, State Thruway Authority, Second General Highway & Bridge Trust: | ||||||||
Series A-1 5.00%, 4/1/2021 | 300,000 | 346,989 | ||||||
Series B 5.00%, 4/1/2029 | 300,000 | 316,785 | ||||||
New York, State Urban Development Corp. Revenue: | ||||||||
Series A 3.50%, 3/15/2028 | 235,000 | 223,530 | ||||||
Series A 4.00%, 3/15/2024 | 500,000 | 524,515 | ||||||
Series A 5.00%, 3/15/2016 | 250,000 | 274,952 | ||||||
New York, Utility Debt Securitization Authority Revenue Series TE 5.00%, 12/15/2041 | 100,000 | 104,955 | ||||||
Suffolk County, NY, Water Authority 5.00%, 6/1/2021 | 500,000 | 583,620 | ||||||
Westchester County, NY, General Obligation Series B 3.00%, 6/1/2017 | 610,000 | 655,068 | ||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $25,023,775) | 24,506,310 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (a)(b)(c) (Cost $30,259) | 30,259 | 30,259 | ||||||
TOTAL INVESTMENTS — 101.9% (d) | ||||||||
(Cost $25,054,034) | 24,536,569 | |||||||
OTHER ASSETS & LIABILITIES — (1.9)% | (454,001 | ) | ||||||
NET ASSETS — 100.0% | $ | 24,082,568 | ||||||
(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) |
See accompanying notes to financial statements.
193
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 97.4% | ||||||||
ALABAMA — 1.2% | ||||||||
Alabama, Federal Aid Highway Finance Authority 4.00%, 3/1/2016 | $ | 5,000,000 | $ | 5,354,100 | ||||
Alabama, Public School & College Authority Revenue: | ||||||||
5.00%, 5/1/2014 | 850,000 | 863,532 | ||||||
Series A 5.00%, 5/1/2016 | 4,335,000 | 4,776,823 | ||||||
Series A 5.00%, 3/1/2017 | 1,000,000 | 1,130,490 | ||||||
Alabama, State General Obligation Series A 5.00%, 8/1/2018 | 11,800,000 | 13,751,248 | ||||||
25,876,193 | ||||||||
ALASKA — 0.1% | ||||||||
Alaska, State General Obligation Series A 5.00%, 8/1/2016 | 1,250,000 | 1,395,600 | ||||||
Alaska, State Municipal Bond Bank Authority Revenue 5.00%, 9/1/2016 | 1,000,000 | 1,117,390 | ||||||
2,512,990 | ||||||||
ARIZONA — 0.7% | ||||||||
Arizona, Phoenix Civic Improvement Corp., Water System Revenue: | ||||||||
5.00%, 7/1/2017 | 300,000 | 341,886 | ||||||
Series A 5.00%, 7/1/2017 | 1,775,000 | 2,022,826 | ||||||
Arizona, Salt River Project, Agricultural Improvement & Power District Revenue: | ||||||||
Series B 4.00%, 1/1/2017 | 500,000 | 548,495 | ||||||
Series A 4.00%, 12/1/2017 | 1,310,000 | 1,463,034 | ||||||
Arizona, State Transportation Board Revenue Series A 5.00%, 7/1/2018 | 5,435,000 | 6,294,708 | ||||||
Maricopa County, AZ, Community College District, General Obligation 3.00%, 7/1/2018 | 2,350,000 | 2,523,853 | ||||||
Phoenix, AZ, Civic Improvement Corp. Transportation, Excise Tax Revenue 4.00%, 7/1/2018 | 2,200,000 | 2,442,814 | ||||||
15,637,616 | ||||||||
CALIFORNIA — 8.2% | ||||||||
Brea, CA, Redevelopment Successor Agency, Tax Allocation 5.00%, 8/1/2018 | 1,200,000 | 1,379,076 | ||||||
California, State Department of Water Resources Revenue: | ||||||||
Series L 4.00%, 5/1/2015 | 7,630,000 | 8,015,315 | ||||||
Series M 4.00%, 5/1/2015 | 6,640,000 | 6,975,320 | ||||||
Series M 4.00%, 5/1/2016 | 5,710,000 | 6,186,842 | ||||||
Series L 5.00%, 5/1/2015 | 6,000,000 | 6,382,500 | ||||||
Series M 5.00%, 5/1/2016 | 6,925,000 | 7,663,066 | ||||||
Series L 5.00%, 5/1/2017 | 1,510,000 | 1,723,197 | ||||||
California, State Public Works Board, Lease Revenue Series F 5.00%, 10/1/2016 | 4,505,000 | 5,066,999 | ||||||
California, State University Revenue: | ||||||||
Series A 4.00%, 11/1/2018 | 1,775,000 | 2,002,590 | ||||||
Series A 5.00%, 11/1/2018 | 1,000,000 | 1,174,850 | ||||||
Contra Costa, CA, Water District Revenue 3.00%, 10/1/2015 | 11,750,000 | 12,293,085 | ||||||
Contra Costa, CA, Transportation Authority Sales Tax Revenue Series B 5.00%, 3/1/2018 | 2,290,000 | 2,659,629 | ||||||
East Bay, CA, Municipal Utility District, Water System Revenue Series B 5.00%, 6/1/2017 | 10,000,000 | 11,454,300 | ||||||
Los Angeles County, CA, Metropolitan Transportation Authority, Sales Tax Revenue Series B 5.00%, 7/1/2018 | 2,040,000 | 2,392,206 | ||||||
Los Angeles, CA, Department of Water & Power Revenue: | ||||||||
Series A 3.00%, 7/1/2018 | 1,530,000 | 1,656,898 | ||||||
Series A 5.00%, 7/1/2015 | 1,540,000 | 1,648,570 | ||||||
Series C 5.00%, 1/1/2016 | 4,000,000 | 4,331,120 | ||||||
Series A 5.00%, 7/1/2018 | 2,580,000 | 3,019,245 | ||||||
Series A 5.00%, 7/1/2018 | 450,000 | 526,613 | ||||||
Series B 5.00%, 7/1/2018 | 1,000,000 | 1,172,650 | ||||||
Los Angeles, CA, General Obligation: | ||||||||
Series A 5.00%, 9/1/2016 | 10,000,000 | 11,210,700 | ||||||
Series A 5.00%, 9/1/2017 | 13,230,000 | 15,256,704 | ||||||
Los Angeles, CA, Solid Waste Resources Revenue Series B 5.00%, 2/1/2018 | 6,370,000 | 7,369,771 | ||||||
Los Angeles, CA, Unified School District, General Obligation: | ||||||||
Series A-1 4.00%, 7/1/2016 | 2,500,000 | 2,722,500 | ||||||
Series D 4.00%, 7/1/2017 | 750,000 | 834,187 | ||||||
5.00%, 7/1/2017 | 1,000,000 | 1,146,690 | ||||||
Los Angeles, CA, Wastewater System Revenue Series A 5.00%, 6/1/2018 | 1,000,000 | 1,168,570 | ||||||
Orange County, CA, Sanitation District Wastewater Revenue Series A 5.00%, 8/1/2015 | 500,000 | 537,290 | ||||||
San Diego, CA, County Water Authority Revenue 5.00%, 7/1/2016 | 10,000,000 | 11,075,900 | ||||||
San Diego, CA, Public Facilities Financing Authority, Sewer Revenue 5.00%, 5/15/2015 | 2,165,000 | 2,304,599 | ||||||
San Francisco, CA, City & County Public Utilities Commission, Water Revenue: | ||||||||
Series A 4.00%, 10/1/2015 | 875,000 | 930,492 | ||||||
Series D 5.00%, 11/1/2015 | 3,435,000 | 3,725,086 | ||||||
Series A 5.00%, 10/1/2017 | 1,000,000 | 1,157,080 | ||||||
San Francisco, CA, City & County, Certificates of Participation: | ||||||||
Series B 4.00%, 9/1/2015 | 5,000,000 | 5,295,100 | ||||||
Series B 5.00%, 9/1/2016 | 5,260,000 | 5,838,653 |
See accompanying notes to financial statements.
194
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
San Francisco, CA, Unified School District, General Obliagtion 5.00%, 6/15/2017 | $ | 8,170,000 | $ | 9,344,356 | ||||
Southern California, Metropolitan Water District Revenue Series C 4.00%, 10/1/2015 | 1,040,000 | 1,106,706 | ||||||
Southern California, State Public Power Authority Revenue: | ||||||||
5.00%, 7/1/2016 | 725,000 | 808,571 | ||||||
Series A 5.00%, 7/1/2017 | 350,000 | 400,568 | ||||||
University of California, Revenue: | ||||||||
Series AF 5.00%, 5/15/2015 | 1,000,000 | 1,065,050 | ||||||
5.00%, 5/15/2018 | 3,500,000 | 4,095,560 | ||||||
175,118,204 | ||||||||
COLORADO — 0.7% | ||||||||
Colorado, State Department of Transportation Revenue 5.00%, 12/15/2016 | 8,900,000 | 10,037,776 | ||||||
Denver, CO, City & County School District No. 1, General Obligation Series B 4.00%, 12/1/2017 | 3,600,000 | 4,013,208 | ||||||
Metropolitan Wastewater Reclamation District, CO, Sewer Revenue Series A 5.00%, 4/1/2016 | 145,000 | 160,095 | ||||||
14,211,079 | ||||||||
CONNECTICUT — 2.8% | ||||||||
Connecticut, State General Obligation: | ||||||||
Series D 3.00%, 11/1/2016 | 3,500,000 | 3,742,305 | ||||||
Series D 5.00%, 1/1/2014 | 450,000 | 450,000 | ||||||
Series B 5.00%, 12/1/2014 | 975,000 | 1,017,851 | ||||||
Series A 5.00%, 1/1/2015 | 12,750,000 | 13,353,712 | ||||||
Series C 5.00%, 12/1/2015 | 600,000 | 652,974 | ||||||
Series A 5.00%, 1/1/2016 | 490,000 | 534,835 | ||||||
Series D 5.00%, 12/1/2016 | 500,000 | 564,165 | ||||||
Series A 5.00%, 4/1/2017 | 950,000 | 1,076,873 | ||||||
Series A 5.00%, 10/15/2018 | 3,855,000 | 4,502,640 | ||||||
Connecticut, State Health & Educational Facility Authority Revenue: | ||||||||
Series A-3 0.88%, 7/1/2049 (a) | 4,865,000 | 4,796,306 | ||||||
Series A-4 5.00%, 7/1/2049 (a) | 5,000,000 | 5,260,700 | ||||||
Connecticut, State Revolving Fund, General Revenue Series A 5.00%, 6/1/2018 | 1,500,000 | 1,744,875 | ||||||
Connecticut, State Special Tax Obligation Revenue: | ||||||||
5.00%, 11/1/2015 | 500,000 | 542,415 | ||||||
Series 1 5.00%, 2/1/2016 | 3,255,000 | 3,558,301 | ||||||
Series A 5.00%, 11/1/2016 | 2,650,000 | 2,973,883 | ||||||
Series 1 5.00%, 2/1/2017 | 1,000,000 | 1,128,720 | ||||||
Series B 5.00%, 1/1/2018 | 9,650,000 | 11,052,820 | ||||||
Series A 5.00%, 10/1/2018 | 1,805,000 | 2,101,724 | ||||||
University of Connecticut, Revenue Series A 3.00%, 2/15/2014 | 415,000 | 416,399 | ||||||
59,471,498 | ||||||||
DELAWARE — 1.1% | ||||||||
Delaware, State General Obligation: | ||||||||
Series 2009C 2.00%, 10/1/2014 | 225,000 | 228,078 | ||||||
Series A 5.00%, 7/1/2015 | 4,000,000 | 4,283,240 | ||||||
Series B 5.00%, 2/1/2018 | 1,000,000 | 1,160,300 | ||||||
Delaware, State Transportation Authority System Revenue 5.00%, 7/1/2017 | 15,500,000 | 17,699,140 | ||||||
23,370,758 | ||||||||
DISTRICT OF COLUMBIA — 0.2% | ||||||||
District of Columbia, Income Tax Revenue: | ||||||||
Series A 4.00%, 12/1/2015 | 1,495,000 | 1,597,662 | ||||||
Series A 5.00%, 12/1/2016 | 2,000,000 | 2,254,080 | ||||||
Series D 5.00%, 12/1/2016 | 1,000,000 | 1,127,040 | ||||||
4,978,782 | ||||||||
FLORIDA — 4.1% | ||||||||
Florida, State Board of Education, Capital Outlay, General Obligation: | ||||||||
Series A 5.00%, 6/1/2018 | 4,000,000 | 4,651,120 | ||||||
Series B 5.00%, 6/1/2018 | 4,250,000 | 4,961,747 | ||||||
Florida, State Board of Education, General Obligation Series D 5.00%, 6/1/2017 | 8,210,000 | 9,370,976 | ||||||
Florida, State Department of Transportation Series B 5.00%, 7/1/2018 | 15,000,000 | 17,439,450 | ||||||
Florida, State Hurricane Catastrophe Fund Revenue: | ||||||||
Series A 5.00%, 7/1/2015 | 5,000,000 | 5,336,600 | ||||||
Series A 5.00%, 7/1/2016 | 20,145,000 | 22,255,189 | ||||||
Florida, Water Pollution Control Financing Revenue Series A 5.00%, 7/15/2018 | 1,500,000 | 1,753,650 | ||||||
Jacksonville, FL, Special Tax Revenue: | ||||||||
Series B 5.00%, 10/1/2015 | 7,705,000 | 8,341,433 | ||||||
Series B-1 5.00%, 10/1/2018 | 1,000,000 | 1,160,680 | ||||||
JEA, FL, Electric System Revenue Series A 5.00%, 10/1/2015 | 1,000,000 | 1,081,340 | ||||||
JEA, FL, Water & Sewer System Revenue 5.00%, 10/1/2018 | 1,200,000 | 1,394,280 | ||||||
Lakeland, FL, Energy Systems Revenue 5.00%, 10/1/2015 (b) | 7,510,000 | 8,103,065 | ||||||
Palm Beach County, FL, Public Improvement Revenue 5.00%, 6/1/2018 | 1,380,000 | 1,597,143 | ||||||
87,446,673 | ||||||||
GEORGIA — 3.2% | ||||||||
Forsyth County, GA, School District, General Obligation 5.00%, 2/1/2018 | 2,000,000 | 2,315,380 | ||||||
Fulton County, GA, Water & Sewer Revenue 5.00%, 1/1/2017 | 2,465,000 | 2,769,871 |
See accompanying notes to financial statements.
195
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Georgia, State General Obligation: | ||||||||
Series B 4.00%, 1/1/2015 | $ | 1,000,000 | $ | 1,037,940 | ||||
Series E-2 4.00%, 9/1/2016 | 4,400,000 | 4,810,256 | ||||||
Series B 4.00%, 1/1/2017 | 500,000 | 550,060 | ||||||
Series J-1 4.00%, 7/1/2017 | 500,000 | 555,575 | ||||||
Series J-2 4.00%, 11/1/2017 | 1,700,000 | 1,902,606 | ||||||
Series G 5.00%, 11/1/2014 | 535,000 | 556,363 | ||||||
5.00%, 12/1/2014 | 500,000 | 521,975 | ||||||
Series A 5.00%, 1/1/2015 | 2,000,000 | 2,095,740 | ||||||
Series D 5.00%, 5/1/2015 | 600,000 | 638,004 | ||||||
Series E 5.00%, 7/1/2016 | 2,990,000 | 3,327,870 | ||||||
Series I 5.00%, 11/1/2016 | 7,480,000 | 8,423,901 | ||||||
Series F 5.00%, 12/1/2016 | 4,790,000 | 5,409,155 | ||||||
Series A 5.00%, 7/1/2017 | 5,000,000 | 5,727,850 | ||||||
Series A 5.00%, 1/1/2018 | 5,000,000 | 5,791,850 | ||||||
Georgia, State Road & Tollway Authority Revenue Series A 5.00%, 3/1/2016 | 4,590,000 | 5,043,859 | ||||||
Gwinnett Country, GA, Water & Sewer Authority Revenue 5.00%, 8/1/2016 | 4,000,000 | 4,455,680 | ||||||
Gwinnett County, GA, School District, General Obligation: | ||||||||
Series A 4.00%, 10/1/2015 | 1,325,000 | 1,410,224 | ||||||
Series A 4.00%, 10/1/2016 | 5,000,000 | 5,470,600 | ||||||
Series A 4.50%, 10/1/2017 | 1,150,000 | 1,303,905 | ||||||
5.00%, 2/1/2019 | 1,000,000 | 1,174,780 | ||||||
Richmond County, GA, Board of Education, General Obligation 5.00%, 10/1/2017 | 2,250,000 | 2,587,995 | ||||||
67,881,439 | ||||||||
HAWAII — 0.5% | ||||||||
Hawaii, State General Obligation: | ||||||||
Series DY 5.00%, 2/1/2015 | 1,000,000 | 1,051,090 | ||||||
Series EA 5.00%, 12/1/2016 | 1,965,000 | 2,215,341 | ||||||
Series EH 5.00%, 8/1/2018 | 3,000,000 | 3,497,550 | ||||||
Honolulu County, HI, Wastewater System Revenue Series A 5.00%, 7/1/2018 | 1,000,000 | 1,159,120 | ||||||
Honolulu, HI, City & County General Obligation 5.25%, 7/1/2016 (b) | 2,250,000 | 2,510,438 | ||||||
10,433,539 | ||||||||
ILLINOIS — 1.2% | ||||||||
Chicago, IL, Transit Authority, Sales Tax Revenue Series A 5.00%, 12/1/2018 | 2,250,000 | 2,553,570 | ||||||
Cook County, IL, General Obligation Series A 5.00%, 11/15/2016 | 1,755,000 | 1,946,032 | ||||||
Illinois, State Finance Authority Revenue 5.00%, 1/1/2019 | 1,535,000 | 1,778,574 | ||||||
Illinois, State Sales Tax Revenue: | ||||||||
3.00%, 6/15/2016 | 2,000,000 | 2,109,660 | ||||||
5.00%, 6/15/2015 | 2,575,000 | 2,746,263 | ||||||
5.00%, 6/15/2018 | 1,895,000 | 2,178,075 | ||||||
Illinois, State Unemployment Insurance Fund, Building Receipts Revenue: | ||||||||
Series A 5.00%, 6/15/2016 | 1,625,000 | 1,796,372 | ||||||
Series B 5.00%, 6/15/2017 | 10,000,000 | 11,153,500 | ||||||
26,262,046 | ||||||||
INDIANA — 0.2% | ||||||||
Indiana, State Finance Authority Revenue Series A 5.00%, 2/1/2015 | 1,250,000 | 1,314,700 | ||||||
Indianapolis, IN, Public Improvement Bond Bank Revenue Series B 5.00%, 2/1/2016 | 2,000,000 | 2,175,080 | ||||||
Purdue University, Revenue Series Z-1 5.00%, 7/1/2014 | 500,000 | 511,855 | ||||||
4,001,635 | ||||||||
IOWA — 0.2% | ||||||||
Iowa, State General Obligation: | ||||||||
Series A 5.00%, 6/1/2015 | 1,000,000 | 1,065,390 | ||||||
Series A 5.00%, 6/1/2017 | 2,585,000 | 2,943,100 | ||||||
4,008,490 | ||||||||
KANSAS — 0.4% | ||||||||
Kansas, State Department of Transportation, Highway Revenue: | ||||||||
Series C 5.00%, 9/1/2015 | 1,500,000 | 1,616,985 | ||||||
Series A 5.00%, 9/1/2016 | 1,200,000 | 1,341,780 | ||||||
Kansas, State Development Finance Authority Revenue 5.00%, 3/1/2018 | 4,705,000 | 5,458,223 | ||||||
8,416,988 | ||||||||
KENTUCKY — 0.7% | ||||||||
Kentucky, State Asset Liability Commission Agency Revenue Series A 5.00%, 9/1/2018 | 2,500,000 | 2,889,325 | ||||||
Kentucky, State Infrastructure Authority Revenue: | ||||||||
Series A 5.00%, 2/1/2016 | 1,700,000 | 1,863,591 | ||||||
Series A 5.00%, 2/1/2017 | 2,145,000 | 2,427,389 | ||||||
Kentucky, State Property & Buildings Commission Revenue: | ||||||||
5.00%, 8/1/2014 | 225,000 | 231,219 | ||||||
Series A 5.00%, 8/1/2016 | 4,690,000 | 5,200,084 | ||||||
Kentucky, State Turnpike Authority Revenue: | ||||||||
Series A 4.00%, 7/1/2017 | 1,150,000 | 1,270,831 | ||||||
5.00%, 7/1/2016 | 1,865,000 | 2,065,730 | ||||||
15,948,169 | ||||||||
LOUISIANA — 0.3% | ||||||||
Louisiana, State Gas & Fuels Tax Revenue Series A-1 5.00%, 5/1/2018 | 2,035,000 | 2,359,216 | ||||||
Louisiana, State General Obligation: | ||||||||
Series C 5.00%, 7/15/2018 | 2,000,000 | 2,334,340 | ||||||
Series A 5.00%, 9/1/2018 | 1,650,000 | 1,929,296 | ||||||
6,622,852 | ||||||||
See accompanying notes to financial statements.
196
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MAINE — 0.0% (c) | ||||||||
Maine, State General Obligation Series B 5.00%, 6/1/2017 | $ | 165,000 | $ | 188,212 | ||||
MARYLAND — 5.8% | ||||||||
Anne Arundel County, MD, General Obligation 5.00%, 4/1/2016 | 1,000,000 | 1,101,490 | ||||||
Baltimore County, MD, General Obligation: | ||||||||
5.00%, 2/1/2016 | 2,000,000 | 2,192,360 | ||||||
5.00%, 8/1/2017 | 4,000,000 | 4,586,760 | ||||||
Series B 5.00%, 10/15/2017 | 1,000,000 | 1,150,140 | ||||||
Howard County, MD, General Obligation Series B 5.00%, 8/15/2017 | 4,745,000 | 5,452,147 | ||||||
Maryland, State Department of Transportation, Revenue 5.00%, 5/1/2016 | 2,000,000 | 2,208,740 | ||||||
Maryland, State General Obligation: | ||||||||
Series A 3.50%, 3/15/2016 | 1,610,000 | 1,717,741 | ||||||
Series B 4.50%, 8/1/2017 | 3,270,000 | 3,695,885 | ||||||
5.00%, 3/15/2015 | 1,940,000 | 2,051,550 | ||||||
Series B 5.00%, 8/1/2015 | 285,000 | 306,255 | ||||||
Series C 5.00%, 3/1/2016 | 2,240,000 | 2,463,015 | ||||||
Series B 5.00%, 8/1/2016 | 4,875,000 | 5,444,156 | ||||||
Series E 5.00%, 8/1/2016 | 8,400,000 | 9,380,700 | ||||||
Series C 5.00%, 11/1/2016 | 1,025,000 | 1,154,652 | ||||||
5.00%, 3/1/2018 | 9,185,000 | 10,670,490 | ||||||
Series A 5.00%, 3/1/2018 | 22,515,000 | 26,156,351 | ||||||
Series B 5.25%, 8/15/2014 | 200,000 | 206,272 | ||||||
Montgomery County, MD, General Obligation: | ||||||||
Series A 5.00%, 7/1/2015 | 525,000 | 562,175 | ||||||
Series A 5.00%, 8/1/2015 | 15,150,000 | 16,279,887 | ||||||
Series A 5.00%, 7/1/2016 | 5,000,000 | 5,562,350 | ||||||
Series A 5.00%, 7/1/2016 | 3,835,000 | 4,266,323 | ||||||
Series A 5.00%, 7/1/2017 | 5,000,000 | 5,724,100 | ||||||
Washington, MD, Suburban Sanitation District, General Obligation: | ||||||||
4.00%, 6/1/2016 | 2,700,000 | 2,928,231 | ||||||
5.00%, 6/1/2017 | 7,150,000 | 8,171,449 | ||||||
123,433,219 | ||||||||
MASSACHUSETTS — 4.2% | ||||||||
Boston, MA, General Obligation Series A 5.00%, 4/1/2016 | 7,115,000 | 7,847,205 | ||||||
Massachusetts Bay Transportation Authority, Sales Tax Revenue: | ||||||||
Series A 4.00%, 7/1/2017 | 8,000,000 | 8,883,360 | ||||||
Series B 5.00%, 7/1/2017 | 940,000 | 1,076,131 | ||||||
Massachusetts, State Federal Highway Revenue Series A 5.00%, 6/15/2018 | 3,500,000 | 4,081,245 | ||||||
Massachusetts, State General Obligation: | ||||||||
Series C 4.00%, 12/1/2015 | 2,915,000 | 3,118,059 | ||||||
Series C 5.00%, 1/1/2015 | 1,000,000 | 1,047,760 | ||||||
Series D 5.00%, 10/1/2015 | 7,000,000 | 7,570,710 | ||||||
Series B 5.00%, 7/1/2016 | 1,000,000 | 1,110,890 | ||||||
Series B 5.00%, 8/1/2016 | 8,900,000 | 9,917,181 | ||||||
Series A 5.00%, 3/1/2017 | 1,305,000 | 1,477,925 | ||||||
Series B 5.00%, 8/1/2018 | 1,700,000 | 1,983,594 | ||||||
Series A 5.00%, 12/1/2018 (d) | 7,000,000 | 8,217,370 | ||||||
Massachusetts, State School Building Authority, Sales Tax Revenue Series B 5.00%, 8/15/2017 | 5,000,000 | 5,731,650 | ||||||
Massachusetts, State Special Obligation Revenue Series A 5.00%, 6/15/2015 | 2,100,000 | 2,244,606 | ||||||
Massachusetts, State Transportation Fund Revenue 5.00%, 6/1/2017 | 9,840,000 | 11,260,109 | ||||||
Massachusetts, State Transportation Fund, Revenue Series A 5.00%, 6/1/2018 | 10,635,000 | 12,411,045 | ||||||
Massachusetts, State Water Pollution Abatement Trust Revenue 5.00%, 8/1/2016 | 1,000,000 | 1,117,030 | ||||||
89,095,870 | ||||||||
MICHIGAN — 1.8% | ||||||||
Michigan, State Finance Authority Revenue: | ||||||||
Series A 5.00%, 7/1/2015 | 1,000,000 | 1,070,030 | ||||||
Series A 5.00%, 1/1/2016 | 100,000 | 109,049 | ||||||
Series A 5.00%, 7/1/2017 | 10,000,000 | 11,404,000 | ||||||
5.00%, 10/1/2018 | 2,000,000 | 2,338,800 | ||||||
Michigan, State General Obligation 5.00%, 11/1/2017 | 20,415,000 | 23,424,171 | ||||||
38,346,050 | ||||||||
MINNESOTA — 3.7% | ||||||||
Minnesota, State General Fund Revenue Series B 5.00%, 3/1/2017 | 3,500,000 | 3,954,370 | ||||||
Minnesota, State General Obligation: | ||||||||
Series F 4.00%, 8/1/2015 | 600,000 | 635,208 | ||||||
Series F 4.00%, 8/1/2016 | 1,475,000 | 1,608,252 | ||||||
Series D 5.00%, 8/1/2015 | 7,675,000 | 8,246,173 | ||||||
Series A 5.00%, 10/1/2015 | 1,570,000 | 1,698,002 | ||||||
Series A 5.00%, 8/1/2016 | 400,000 | 446,372 | ||||||
Series D 5.00%, 8/1/2016 | 1,000,000 | 1,115,930 | ||||||
Series E 5.00%, 8/1/2016 | 1,550,000 | 1,729,691 | ||||||
Series A 5.00%, 10/1/2016 | 5,000,000 | 5,611,000 | ||||||
Series A 5.00%, 8/1/2017 | 3,000,000 | 3,443,520 | ||||||
Series D 5.00%, 8/1/2017 | 5,340,000 | 6,129,466 | ||||||
Series E 5.00%, 8/1/2017 | 1,000,000 | 1,147,840 | ||||||
Series B 5.00%, 3/1/2018 | 11,500,000 | 13,269,965 | ||||||
Series D 5.00%, 10/1/2018 | 18,465,000 | 21,663,323 | ||||||
University of Minnesota, Revenue Series A 5.00%, 12/1/2015 | 7,000,000 | 7,620,830 | ||||||
78,319,942 | ||||||||
MISSOURI — 0.6% | ||||||||
Bi-State Development Agency of the Missouri-Illinois Metropolitan District, Revenue Bond Series A 5.00%, 10/1/2018 | 1,250,000 | 1,449,888 |
See accompanying notes to financial statements.
197
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Missouri, State Environmental Improvement & Energy Resources Authority Series A 5.00%, 1/1/2018 | $ | 1,975,000 | $ | 2,286,102 | ||||
Missouri, State Highways & Transportation Commission, State Road Revenue: | ||||||||
Series A 2.50%, 5/1/2016 | 500,000 | 523,740 | ||||||
Series A 5.00%, 5/1/2016 | 625,000 | 690,694 | ||||||
Series A 5.00%, 5/1/2017 | 2,990,000 | 3,402,650 | ||||||
Series A 5.00%, 5/1/2018 | 4,525,000 | 5,240,402 | ||||||
13,593,476 | ||||||||
NEBRASKA — 0.2% | ||||||||
Omaha, NE, Public Power District Electric Revenue: | ||||||||
Series A 5.00%, 2/1/2016 | 2,000,000 | 2,191,160 | ||||||
Series C 5.00%, 2/1/2018 | 1,000,000 | 1,158,250 | ||||||
3,349,410 | ||||||||
NEVADA — 0.5% | ||||||||
Clark County, NV, Highway Improvement Revenue 5.00%, 7/1/2016 | 2,685,000 | 2,954,547 | ||||||
Clark County, NV, Sales and Excise Tax Revenue Series B 3.00%, 7/1/2015 | 2,985,000 | 3,083,177 | ||||||
Nevada, State General Obligation Series D-1 4.00%, 3/1/2016 | 1,500,000 | 1,610,010 | ||||||
Neveda, State Highway Improvement Revenue 4.00%, 12/1/2017 | 2,900,000 | 3,221,059 | ||||||
10,868,793 | ||||||||
NEW HAMPSHIRE — 0.2% | ||||||||
New Hampshire, State Federal Highway Revenue 5.00%, 9/1/2018 | 2,065,000 | 2,382,576 | ||||||
New Hampshire, State General Obligation Series A 5.00%, 7/1/2018 | 1,360,000 | 1,588,059 | ||||||
New Hampshire, State Municipal Bond Bank Revenue Series A 5.00%, 8/15/2017 | 1,265,000 | 1,441,455 | ||||||
5,412,090 | ||||||||
NEW JERSEY — 0.6% | ||||||||
Garden, State Preservation Trust, NJ, Open Space & Farmland Series A 5.00%, 11/1/2018 | 1,490,000 | 1,744,432 | ||||||
New Jersey, State General Obligation: | ||||||||
Series A 5.00%, 6/15/2015 | 220,000 | 234,203 | ||||||
5.00%, 8/1/2015 | 2,445,000 | 2,626,150 | ||||||
Series Q 5.00%, 8/15/2016 | 4,850,000 | 5,411,242 | ||||||
Series Q 5.00%, 8/15/2018 | 1,000,000 | 1,165,750 | ||||||
New Jersey, State Higher Education Assistance Authority, Student Loan Revenue: | ||||||||
Series A 5.00%, 12/1/2014 | 250,000 | 260,423 | ||||||
Series 1A 5.00%, 12/1/2018 | 1,325,000 | 1,491,910 | ||||||
12,934,110 | ||||||||
NEW MEXICO — 2.0% | ||||||||
Albuquerque, NM, Municipal School District No. 12, General Obligation Series A 3.00%, 8/1/2015 | 8,250,000 | 8,603,018 | ||||||
New Mexico, State Finance Authority Transportation Revenue: | ||||||||
5.00%, 6/15/2017 | 2,000,000 | 2,281,600 | ||||||
5.00%, 6/15/2018 | 10,430,000 | 12,112,880 | ||||||
New Mexico, State General Obligation: | ||||||||
2.00%, 3/1/2016 | 5,625,000 | 5,819,681 | ||||||
5.00%, 3/1/2017 | 2,500,000 | 2,836,325 | ||||||
5.00%, 3/1/2018 | 1,000,000 | 1,161,290 | ||||||
New Mexico, State Severance Tax Revenue: | ||||||||
Series A-2 5.00%, 7/1/2015 | 1,000,000 | 1,070,500 | ||||||
Series B 5.00%, 7/1/2016 | 100,000 | 111,036 | ||||||
Series A 5.00%, 7/1/2018 | 8,470,000 | 9,837,905 | ||||||
43,834,235 | ||||||||
NEW YORK — 17.8% | ||||||||
Nassau County, NY, Interim Finance Authority Revenue Series A 5.00%, 11/15/2017 | 2,000,000 | 2,302,020 | ||||||
New York Local Government Assistance Corp. 5.00%, 4/1/2015 | 1,000,000 | 1,059,500 | ||||||
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue Series FF 5.00%, 6/15/2018 | 2,195,000 | 2,549,536 | ||||||
New York, NY, City Transitional Finance Authority Revenue: | ||||||||
Series C 5.00%, 11/1/2015 | 9,865,000 | 10,705,695 | ||||||
Series E 5.00%, 11/1/2015 | 5,000,000 | 5,426,100 | ||||||
Series E 5.00%, 11/1/2017 | 500,000 | 576,790 | ||||||
Series B 5.00%, 11/1/2018 | 3,605,000 | 4,216,913 | ||||||
New York, NY, City Transitional Finance Authority, Future Tax Secured Revenue: | ||||||||
Sub-Series I-2 4.00%, 11/1/2015 | 305,000 | 325,438 | ||||||
Series B 5.00%, 11/1/2014 | 285,000 | 296,243 | ||||||
5.00%, 11/1/2015 | 4,180,000 | 4,536,220 | ||||||
Sub-Series I-2 5.00%, 11/1/2015 | 835,000 | 906,159 | ||||||
SubSeries C-1 5.00%, 11/1/2015 | 550,000 | 596,871 | ||||||
Series A 5.00%, 11/1/2016 | 45,000 | 50,689 | ||||||
Series A 5.00%, 11/1/2016 | 1,455,000 | 1,635,013 | ||||||
Series C 5.00%, 11/1/2016 | 1,250,000 | 1,404,650 | ||||||
Series D 5.00%, 11/1/2016 | 5,000,000 | 5,618,600 | ||||||
Series B 5.00%, 11/1/2017 | 15,000,000 | 17,303,700 | ||||||
Series B 5.00%, 11/1/2017 | 2,295,000 | 2,647,466 | ||||||
Series B 5.00%, 11/1/2017 | 765,000 | 885,304 | ||||||
New York, NY, General Obligation: | ||||||||
Series F-1 3.00%, 3/1/2015 | 9,490,000 | 9,792,351 | ||||||
Series B 4.00%, 8/1/2015 | 1,000,000 | 1,057,210 | ||||||
Series E 4.00%, 8/1/2015 | 450,000 | 475,745 | ||||||
Series H 4.00%, 8/1/2017 | 990,000 | 1,091,544 |
See accompanying notes to financial statements.
198
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Series A-1 5.00%, 8/1/2014 | $ | 100,000 | $ | 102,794 | ||||
Series B 5.00%, 8/1/2014 | 115,000 | 118,213 | ||||||
5.00%, 6/1/2015 | 6,110,000 | 6,515,826 | ||||||
5.00%, 8/1/2015 | 3,000,000 | 3,218,790 | ||||||
Series B 5.00%, 8/1/2015 | 7,500,000 | 8,046,975 | ||||||
Series E 5.00%, 8/1/2015 | 3,250,000 | 3,487,023 | ||||||
Series I 5.00%, 8/1/2015 | 2,735,000 | 2,934,464 | ||||||
Series I-1 5.00%, 8/1/2015 | 9,600,000 | 10,300,128 | ||||||
Series B 5.00%, 8/1/2016 | 5,000,000 | 5,551,000 | ||||||
Series B 5.00%, 8/1/2016 | 4,295,000 | 4,768,309 | ||||||
Series F 5.00%, 8/1/2016 | 1,455,000 | 1,615,341 | ||||||
5.00%, 3/1/2017 | 5,000,000 | 5,630,750 | ||||||
Series F-1 5.00%, 3/1/2017 | 3,500,000 | 3,941,525 | ||||||
Series H-1 5.00%, 3/1/2017 | 3,910,000 | 4,403,246 | ||||||
Series C 5.00%, 8/1/2017 | 425,000 | 483,472 | ||||||
Series D 5.00%, 8/1/2017 | 5,435,000 | 6,182,747 | ||||||
Series E 5.00%, 8/1/2017 | 2,950,000 | 3,355,861 | ||||||
Series E 5.00%, 8/1/2017 | 2,050,000 | 2,332,039 | ||||||
Series G 5.00%, 8/1/2017 | 2,320,000 | 2,639,186 | ||||||
Series B 5.00%, 8/1/2018 | 10,000,000 | 11,542,700 | ||||||
Series E 5.00%, 8/1/2018 | 11,725,000 | 13,533,816 | ||||||
New York, NY, Metropolitan Transportation Authority, Dedicated Tax Fund Revenue Series A 5.00%, 11/15/2015 | 6,525,000 | 7,083,931 | ||||||
New York, NY, Municipal Bond Bank Agency, Special School Purpose Revenue: | ||||||||
4.00%, 12/1/2018 | 1,000,000 | 1,117,730 | ||||||
5.00%, 12/1/2016 | 5,375,000 | 6,034,620 | ||||||
New York, State Dormitory Authority: | ||||||||
4.00%, 5/15/2015 | 950,000 | 997,206 | ||||||
Series A 5.00%, 4/1/2016 | 3,190,000 | 3,507,277 | ||||||
Series A 5.00%, 7/1/2018 | 1,000,000 | 1,153,650 | ||||||
New York, State Dormitory Authority, Sales Tax Revenue: | ||||||||
Series A 3.00%, 3/15/2019 | 3,000,000 | 3,219,600 | ||||||
5.00%, 3/15/2019 | 5,000,000 | 5,863,950 | ||||||
New York, State Dormitory Authority, State Personal Income Tax Revenue: | ||||||||
Series C 4.00%, 3/15/2015 | 400,000 | 417,936 | ||||||
Series A 4.00%, 2/15/2016 | 500,000 | 537,530 | ||||||
4.00%, 3/15/2018 | 975,000 | 1,090,508 | ||||||
5.00%, 3/15/2014 | 320,000 | 323,078 | ||||||
Series E 5.00%, 2/15/2015 | 250,000 | 263,220 | ||||||
5.00%, 3/15/2015 | 500,000 | 528,550 | ||||||
Series A 5.00%, 2/15/2016 | 5,025,000 | 5,507,551 | ||||||
Series E 5.00%, 2/15/2016 | 2,650,000 | 2,904,480 | ||||||
5.00%, 6/15/2016 | 2,300,000 | 2,552,632 | ||||||
Series C 5.00%, 3/15/2017 | 370,000 | 419,499 | ||||||
5.00%, 2/15/2018 | 6,300,000 | 7,284,249 | ||||||
5.00%, 2/15/2018 | 500,000 | 578,115 | ||||||
Series B 5.00%, 2/15/2018 | 500,000 | 578,115 | ||||||
5.00%, 3/15/2018 | 5,715,000 | 6,625,514 | ||||||
Series B 5.00%, 3/15/2018 | 11,925,000 | 13,824,891 | ||||||
Series E 5.00%, 8/15/2018 | 9,600,000 | 11,207,136 | ||||||
New York, State Environmental Facilities Revenue: | �� | |||||||
4.00%, 8/15/2015 | 2,730,000 | 2,894,619 | ||||||
Series A 5.00%, 6/15/2015 | 825,000 | 881,933 | ||||||
5.00%, 6/15/2016 | 3,690,000 | 4,101,509 | ||||||
Series A 5.00%, 8/15/2016 | 1,595,000 | 1,783,561 | ||||||
Series A 5.00%, 12/15/2016 | 765,000 | 862,522 | ||||||
Series A 5.00%, 6/15/2017 | 8,000,000 | 9,141,040 | ||||||
New York, State General Obligation: | ||||||||
Series A 3.00%, 3/1/2015 | 13,245,000 | 13,671,754 | ||||||
Series I 5.00%, 8/1/2017 | 4,025,000 | 4,578,759 | ||||||
Series A-1 5.00%, 10/1/2017 | 5,175,000 | 5,915,335 | ||||||
Series C 5.00%, 4/15/2018 | 6,150,000 | 7,122,745 | ||||||
New York, State Local Government Assistance Corp. Revenue: | ||||||||
Series B 5.00%, 4/1/2016 | 200,000 | 220,600 | ||||||
Series A 5.00%, 4/1/2018 | 4,500,000 | 5,214,240 | ||||||
New York, State Thruway Authority Personal Income Tax Revenue Series A 5.00%, 3/15/2017 | 2,950,000 | 3,344,651 | ||||||
New York, State Thruway Authority, Second General Highway & Bridge Trust Fund Series A 5.00%, 4/1/2018 | 2,940,000 | 3,389,497 | ||||||
New York, State Urban Development Corp. Revenue: | ||||||||
Series A 5.00%, 3/15/2014 | 655,000 | 661,327 | ||||||
Series A-1 5.00%, 1/1/2015 | 7,390,000 | 7,735,482 | ||||||
Series C 5.00%, 12/15/2015 | 390,000 | 424,823 | ||||||
Series B 5.00%, 1/1/2016 | 10,000,000 | 10,884,000 | ||||||
Series A 5.00%, 3/15/2016 | 11,100,000 | 12,207,891 | ||||||
Series B-1 5.00%, 3/15/2017 | 605,000 | 685,937 | ||||||
5.00%, 12/15/2017 | 975,000 | 1,129,460 | ||||||
Series D 5.25%, 1/1/2017 | 2,340,000 | 2,635,542 | ||||||
New York, Triborough Bridge & Tunnel Authority Revenue: | ||||||||
Series B 4.00%, 11/15/2016 | 5,300,000 | 5,806,733 | ||||||
Series A 4.00%, 11/15/2017 | 2,300,000 | 2,565,121 | ||||||
Series B 5.00%, 11/15/2016 | 2,000,000 | 2,247,780 | ||||||
Series B 5.00%, 11/15/2017 | 3,350,000 | 3,862,751 | ||||||
New York, Utility Debt Securitization Authority Revenue Series TE 5.00%, 12/15/2018 | 1,000,000 | 1,118,760 | ||||||
Oyster Bay, NY, General Obligation Series B 3.00%, 11/1/2018 (b) | 5,000,000 | 5,288,050 | ||||||
Westchester County, NY, General Obligation 5.00%, 11/1/2016 | 600,000 | 675,354 | ||||||
380,836,706 | ||||||||
NORTH CAROLINA — 2.9% | ||||||||
Charlotte, NC, General Obligation 5.00%, 8/1/2015 | 550,000 | 591,019 | ||||||
Guilford County, NC, General Obligation: | ||||||||
Series A 5.00%, 3/1/2017 | 9,220,000 | 10,463,501 | ||||||
Series C 5.00%, 10/1/2018 | 4,765,000 | 5,590,346 | ||||||
Mecklenburg County, NC, General Obligation: | ||||||||
Series C 5.00%, 3/1/2015 | 1,700,000 | 1,794,588 | ||||||
Series C 5.00%, 12/1/2016 | 4,000,000 | 4,517,040 | ||||||
Series A 5.00%, 12/1/2017 | 2,200,000 | 2,550,460 |
See accompanying notes to financial statements.
199
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Mecklenburg County, NC, Public Facilities Corp. 5.00%, 3/1/2017 | $ | 4,400,000 | $ | 4,959,460 | ||||
North Carolina, State Capital Improvement Revenue Series A 5.00%, 5/1/2016 | 6,000,000 | 6,618,900 | ||||||
North Carolina, State General Obligation: | ||||||||
Series B 5.00%, 6/1/2015 | 1,125,000 | 1,200,555 | ||||||
Series A 5.00%, 3/1/2016 | 5,500,000 | 6,048,845 | ||||||
Series A 5.00%, 5/1/2016 | 4,745,000 | 5,234,447 | ||||||
Series A 5.00%, 3/1/2018 | 2,165,000 | 2,513,219 | ||||||
Series B 5.00%, 6/1/2018 | 1,000,000 | 1,165,590 | ||||||
North Carolina, State Grant & Anticipation Revenue 4.00%, 3/1/2016 | 1,030,000 | 1,104,788 | ||||||
North Carolina, State Turnpike Authority Monroe Connector System, Revenue 5.00%, 7/1/2018 | 3,020,000 | 3,501,116 | ||||||
Wake County, NC, General Obligation: | ||||||||
Series D 4.00%, 2/1/2016 | 705,000 | 758,375 | ||||||
5.00%, 3/1/2015 | 1,000,000 | 1,055,640 | ||||||
5.00%, 3/1/2016 | 3,100,000 | 3,408,636 | ||||||
63,076,525 | ||||||||
OHIO — 3.0% | ||||||||
Columbus, OH, General Obligation: | ||||||||
Series A 5.00%, 7/1/2017 | 110,000 | 125,685 | ||||||
Series A 5.00%, 6/1/2018 | 4,780,000 | 5,558,089 | ||||||
Hamilton County, OH, Sewer System Revenue Series A 5.00%, 12/1/2018 | 2,580,000 | 3,001,288 | ||||||
Ohio, State Building Authority Revenue: | ||||||||
Series C 4.00%, 10/1/2015 | 3,145,000 | 3,346,154 | ||||||
Series C 4.00%, 10/1/2016 | 3,000,000 | 3,263,550 | ||||||
Series B 5.00%, 10/1/2017 | 2,150,000 | 2,451,817 | ||||||
Series B 5.00%, 10/1/2018 | 1,400,000 | 1,616,244 | ||||||
Ohio, State General Obligation: | ||||||||
Series B 4.00%, 3/15/2015 | 420,000 | 439,068 | ||||||
Series C 5.00%, 9/15/2015 | 10,500,000 | 11,338,005 | ||||||
5.00%, 7/1/2016 | 3,225,000 | 3,584,297 | ||||||
Series A 5.00%, 9/15/2016 | 1,000,000 | 1,119,950 | ||||||
Series B 5.00%, 9/15/2016 | 1,080,000 | 1,209,546 | ||||||
Series C 5.00%, 9/15/2016 | 2,000,000 | 2,239,900 | ||||||
Series A 5.00%, 12/1/2016 | 2,830,000 | 3,187,769 | ||||||
Series A 5.00%, 9/15/2017 | 5,000,000 | 5,750,200 | ||||||
Ohio, State Infrastructure Project Revenue: | ||||||||
Series 1 4.00%, 12/15/2015 | 1,000,000 | 1,070,870 | ||||||
5.00%, 6/15/2015 | 475,000 | 506,915 | ||||||
Series 3 5.00%, 12/15/2016 | 12,930,000 | 14,505,650 | ||||||
Ohio, State Water Development Authority Revenue 5.00%, 12/1/2015 | 715,000 | 778,556 | ||||||
65,093,553 | ||||||||
OKLAHOMA — 0.7% | ||||||||
Oklahoma City, Water Utilities Trust, Water & Sewer Revenue 5.00%, 7/1/2018 | 1,000,000 | 1,165,000 | ||||||
Oklahoma, Capital Improvement Authority, State Facilities Revenue Series A 5.00%, 7/1/2018 | 2,225,000 | 2,570,008 | ||||||
Oklahoma, Capital Improvement Authority, State Highway Capital Improvement Revenue Series A 4.00%, 7/1/2017 | 1,010,000 | 1,113,192 | ||||||
Oklahoma, Grand River Dam Authority Revenue Series A 4.00%, 6/1/2016 | 880,000 | 951,042 | ||||||
Oklahoma, State General Obligation Series A 5.00%, 7/15/2018 | 2,480,000 | 2,888,630 | ||||||
Oklahoma, State Turnpike Authority Revenue Series A 5.00%, 1/1/2017 | 5,000,000 | 5,615,250 | ||||||
14,303,122 | ||||||||
OREGON — 0.9% | ||||||||
Oregon, State Department of Administrative Services Lottery Revenue Series A 5.00%, 4/1/2015 | 1,000,000 | 1,059,240 | ||||||
Oregon, State Department of Transportation, Highway User Tax Revenue: | ||||||||
Series A 5.00%, 11/15/2017 | 1,405,000 | 1,621,089 | ||||||
Series A 5.00%, 11/15/2018 | 1,000,000 | 1,169,810 | ||||||
Oregon, State General Obligation: | ||||||||
Series J 5.00%, 5/1/2016 | 1,000,000 | 1,106,220 | ||||||
Series I 5.00%, 5/1/2018 | 1,900,000 | 2,214,051 | ||||||
Portland, OR, Sewer System Revenue Series A 5.00%, 3/1/2015 | 8,690,000 | 9,168,298 | ||||||
Salem-Keizer, OR, School District No. 24J, General Obligation Series A 4.00%, 6/15/2015 | 1,250,000 | 1,317,987 | ||||||
Washington County, OR, School District No. 48J Beaverton, General Obligation Series B 4.00%, 6/15/2019 | 1,300,000 | 1,447,823 | ||||||
19,104,518 | ||||||||
PENNSYLVANIA — 4.5% | ||||||||
Pennsylvania, Intergovernmental Cooperative Authority, Special Tax Revenue 5.00%, 6/15/2015 | 5,000,000 | 5,343,550 | ||||||
Pennsylvania, State Economic Development Financing Authority, Unemployment Compensation Revenue: | ||||||||
Series A 4.00%, 1/1/2017 | 5,220,000 | 5,728,167 | ||||||
Series A 5.00%, 7/1/2015 | 500,000 | 535,405 | ||||||
Series A 5.00%, 7/1/2018 | 8,000,000 | 9,335,280 | ||||||
Pennsylvania, State General Obligation: | ||||||||
Series A 5.00%, 2/15/2015 | 1,000,000 | 1,053,400 |
See accompanying notes to financial statements.
200
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.00%, 7/1/2016 | $ | 1,700,000 | $ | 1,889,856 | ||||
Series A 5.00%, 5/1/2017 | 2,000,000 | 2,273,860 | ||||||
5.00%, 6/1/2017 | 18,565,000 | 21,149,805 | ||||||
5.00%, 7/1/2017 | 4,000,000 | 4,567,360 | ||||||
5.00%, 7/1/2017 | 21,000,000 | 23,978,640 | ||||||
Series A 5.00%, 5/1/2018 | 1,000,000 | 1,160,690 | ||||||
5.00%, 7/1/2018 | 4,185,000 | 4,872,805 | ||||||
5.00%, 7/1/2018 | 1,025,000 | 1,193,459 | ||||||
Series A 5.00%, 7/15/2018 | 5,000,000 | 5,828,650 | ||||||
Pennsylvania, State Higher Educational Facilities Authority Revenue 5.00%, 6/15/2015 | 7,110,000 | 7,595,257 | ||||||
96,506,184 | ||||||||
SOUTH CAROLINA — 1.3% | ||||||||
Richland County, SC, School District No. 1, General Obligation Series A 5.00%, 3/1/2018 | 1,045,000 | 1,207,079 | ||||||
South Carolina, State General Obligation: | ||||||||
Series A 4.00%, 6/1/2015 | 15,120,000 | 15,922,570 | ||||||
5.00%, 3/1/2015 | 1,050,000 | 1,108,422 | ||||||
5.00%, 3/1/2016 | 5,000,000 | 5,496,700 | ||||||
South Carolina, State Public Service Authority Revenue Series B 5.00%, 12/1/2016 | 3,500,000 | 3,927,385 | ||||||
27,662,156 | ||||||||
TENNESSEE — 1.6% | ||||||||
Memphis, TN, Electric System Revenue: | ||||||||
5.00%, 12/1/2017 | 7,475,000 | 8,616,582 | ||||||
5.00%, 12/1/2018 | 4,880,000 | 5,704,525 | ||||||
Nashville & Davidson County, TN, Metropolitan Government General Obligation: | ||||||||
5.00%, 7/1/2016 | 2,800,000 | 3,107,524 | ||||||
Series D 5.00%, 7/1/2017 | 5,700,000 | 6,504,270 | ||||||
Shelby County, TN, General Obligation Series A 5.00%, 4/1/2017 | 5,360,000 | 6,085,047 | ||||||
Tennessee, State General Obligation: | ||||||||
Series A 5.00%, 10/1/2016 | 125,000 | 140,385 | ||||||
Series B 5.00%, 11/1/2018 | 975,000 | 1,147,760 | ||||||
Tennessee, State School Bond Authority: | ||||||||
4.00%, 5/1/2015 | 2,000,000 | 2,098,520 | ||||||
Series C 5.00%, 5/1/2017 | 1,050,000 | 1,177,733 | ||||||
34,582,346 | ||||||||
TEXAS — 7.0% | ||||||||
Austin, TX, Electric Utility System Revenue 4.00%, 11/15/2017 | 1,000,000 | 1,110,850 | ||||||
Austin, TX, Water & Wastewater System Revenue 5.00%, 5/15/2015 | 975,000 | 1,038,277 | ||||||
Conroe, TX, Independent School District, General Obligation 5.00%, 2/15/2018 (b) | 695,000 | 803,795 | ||||||
Cypress-Fairbanks, TX, Independent School District, General Obligation 4.00%, 2/15/2018 (b) | 4,000,000 | 4,458,760 | ||||||
Dallas, TX, Area Rapid Transit, Sales Tax Revenue Series A 5.00%, 12/1/2015 | 600,000 | 653,094 | ||||||
Dallas, TX, General Obligation: | ||||||||
5.00%, 2/15/2017 | 10,000 | 11,317 | ||||||
5.00%, 2/15/2017 | 4,180,000 | 4,726,201 | ||||||
Series A 5.00%, 2/15/2018 | 5,000 | 5,794 | ||||||
Series A 5.00%, 2/15/2018 | 1,545,000 | 1,786,854 | ||||||
Dallas, TX, Independent School District, General Obligation: | ||||||||
4.00%, 2/15/2016 (b) | 2,000,000 | 2,150,280 | ||||||
5.00%, 8/15/2017 (b) | 4,000,000 | 4,591,520 | ||||||
5.00%, 8/15/2018 (b) | 5,715,000 | 6,670,605 | ||||||
Frisco, TX, Refunding Improvement, General Obligation: | ||||||||
4.00%, 2/15/2015 | 1,250,000 | 1,302,087 | ||||||
5.00%, 2/15/2016 | 4,000,000 | 4,376,720 | ||||||
Houston, TX, General Obligation: | ||||||||
Series A 4.00%, 3/1/2017 | 4,000,000 | 4,393,440 | ||||||
Series A 5.00%, 3/1/2016 | 5,000,000 | 5,481,850 | ||||||
Series A 5.00%, 3/1/2017 | 1,035,000 | 1,169,022 | ||||||
Series A 5.00%, 3/1/2017 | 530,000 | 598,630 | ||||||
Series B 5.00%, 3/1/2018 | 2,500,000 | 2,888,850 | ||||||
Houston, TX, Utilities System Revenue: | ||||||||
Series C 5.00%, 11/15/2015 | 4,685,000 | 5,091,799 | ||||||
Series E 5.00%, 11/15/2016 | 13,775,000 | 15,485,855 | ||||||
Northside, TX, Independent School District, General Obligation: | ||||||||
1.35%, 6/1/2033 (a)(b) | 10,000,000 | 9,797,400 | ||||||
5.00%, 2/15/2018 (b) | 2,200,000 | 2,545,334 | ||||||
Northside, TX, Tollway Authority Revenue Series A 5.00%, 9/1/2016 | 1,100,000 | 1,220,406 | ||||||
San Antonio, TX, Electric & Gas Revenue Series D 5.00%, 2/1/2018 | 500,000 | 577,825 | ||||||
San Antonio, TX, Electric and Gas Revenue: | ||||||||
Series A 5.00%, 2/1/2014 | 200,000 | 200,784 | ||||||
Series D 5.00%, 2/1/2017 | 2,755,000 | 3,109,624 | ||||||
San Antonio, TX, General Obligation 5.00%, 2/1/2018 | 2,475,000 | 2,861,001 | ||||||
Texas A&M, State University Revenue: | ||||||||
Series D 4.00%, 5/15/2016 | 750,000 | 813,158 | ||||||
Series B 5.00%, 5/15/2016 | 1,000,000 | 1,107,740 | ||||||
Texas Tech, State University Revenue: | ||||||||
Series A 3.00%, 8/15/2016 | 1,500,000 | 1,592,220 | ||||||
5.00%, 2/15/2017 | 2,695,000 | 3,033,815 | ||||||
Texas, North East Independent School District, General Obligation 5.00%, 8/1/2018 (b) | 10,000,000 | 11,658,500 | ||||||
Texas, State General Obligation: | ||||||||
5.00%, 10/1/2015 | 3,495,000 | 3,780,576 | ||||||
Series A 5.00%, 10/1/2015 | 8,000,000 | 8,653,680 |
See accompanying notes to financial statements.
201
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Series B 5.00%, 4/1/2016 | $ | 1,700,000 | $ | 1,875,355 | ||||
5.00%, 10/1/2016 | 4,000,000 | 4,493,480 | ||||||
Series A 5.00%, 10/1/2016 | 2,110,000 | 2,370,311 | ||||||
Series A 5.00%, 10/1/2017 | 1,550,000 | 1,789,661 | ||||||
Series B 5.00%, 10/1/2017 | 3,535,000 | 4,081,582 | ||||||
Texas, State Public Finance Authority: | ||||||||
Series A 5.00%, 1/1/2016 | 2,350,000 | 2,565,589 | ||||||
Series A 5.00%, 1/1/2017 | 1,100,000 | 1,195,414 | ||||||
Series A 5.00%, 7/1/2017 | 2,855,000 | 3,102,643 | ||||||
Texas, State University Revenue: | ||||||||
5.00%, 3/15/2015 | 500,000 | 528,625 | ||||||
5.00%, 3/15/2016 | 1,000,000 | 1,098,420 | ||||||
University of Texas, Revenue: | ||||||||
Series A 5.00%, 8/15/2015 | 3,100,000 | 3,336,902 | ||||||
Series A 5.00%, 8/15/2017 | 2,075,000 | 2,382,639 | ||||||
Series A 5.00%, 8/15/2018 | 220,000 | 257,002 | ||||||
148,825,286 | ||||||||
UTAH — 1.7% | ||||||||
Utah, State General Obligation: | ||||||||
Series A 4.00%, 7/1/2017 | 680,000 | 757,833 | ||||||
Series A 5.00%, 7/1/2015 | 6,900,000 | 7,388,589 | ||||||
Series C 5.00%, 7/1/2015 | 1,300,000 | 1,392,053 | ||||||
Series A 5.00%, 7/1/2016 | 5,050,000 | 5,627,366 | ||||||
Series C 5.00%, 7/1/2018 | 2,240,000 | 2,631,754 | ||||||
Series C 5.00%, 7/1/2018 | 15,425,000 | 18,122,678 | ||||||
35,920,273 | ||||||||
VIRGINIA — 3.5% | ||||||||
Fairfax County, VA, General Obligation: | ||||||||
Series A 5.00%, 10/1/2016 | 9,220,000 | 10,341,336 | ||||||
Series A 5.00%, 4/1/2018 | 210,000 | 243,300 | ||||||
Series A 5.00%, 10/1/2018 | 3,000,000 | 3,515,100 | ||||||
Richmond, VA, General Obligation Series C 5.00%, 7/15/2016 | 2,000,000 | 2,215,040 | ||||||
Virginia, State College Building Authority, Educational Facilities Revenue: | ||||||||
Series B 5.00%, 2/1/2015 | 3,450,000 | 3,626,261 | ||||||
Series A 5.00%, 9/1/2016 | 1,000,000 | 1,114,780 | ||||||
5.00%, 2/1/2017 | 1,000,000 | 1,128,390 | ||||||
5.00%, 2/1/2018 | 6,160,000 | 7,097,552 | ||||||
Series A 5.00%, 9/1/2018 | 4,090,000 | 4,748,940 | ||||||
Series B 5.00%, 9/1/2018 | 1,945,000 | 2,258,359 | ||||||
Virginia, State Public Building Authority, Building Revenue Series B 5.00%, 8/1/2016 | 5,600,000 | 6,230,336 | ||||||
Virginia, State Public School Authority Revenue: | ||||||||
4.00%, 8/1/2015 | 210,000 | 222,153 | ||||||
Series A 4.00%, 8/1/2018 | 7,765,000 | 8,688,492 | ||||||
Series C 5.00%, 8/1/2018 | 460,000 | 535,044 | ||||||
Virginia, State Resources Authority Clean Water Revenue 5.00%, 10/1/2018 | 1,000,000 | 1,173,920 | ||||||
Virginia, State Transportation Board Revenue: | ||||||||
Series A 5.00%, 9/15/2015 | 500,000 | 539,015 | ||||||
5.00%, 5/15/2016 | 16,170,000 | 17,845,535 | ||||||
5.00%, 9/15/2018 | 2,210,000 | 2,563,467 | ||||||
74,087,020 | ||||||||
WASHINGTON — 5.1% | ||||||||
Central Puget Sound, WA, Regional Transit Authority Series P-1 5.00%, 2/1/2017 | 4,500,000 | 5,051,475 | ||||||
Energy Northwest Washington, Electricity Revenue: | ||||||||
5.00%, 7/1/2015 | 500,000 | 535,095 | ||||||
Series A 5.00%, 7/1/2015 | 500,000 | 535,095 | ||||||
Series A 5.00%, 7/1/2017 | 4,195,000 | 4,788,467 | ||||||
Series A 5.00%, 7/1/2017 | 13,700,000 | 15,638,139 | ||||||
Series B 5.00%, 7/1/2017 | 5,050,000 | 5,764,424 | ||||||
Series B 5.00%, 7/1/2017 | 100,000 | 114,147 | ||||||
Series A 5.25%, 7/1/2018 | 5,575,000 | 6,536,018 | ||||||
King County, WA, Water & Sewer Revenue Series B 5.00%, 1/1/2016 | 4,500,000 | 4,905,135 | ||||||
Seattle, WA, Municipal Light & Power Revenue: | ||||||||
Series A 5.00%, 2/1/2015 | 1,810,000 | 1,902,672 | ||||||
Series B 5.00%, 2/1/2015 | 7,540,000 | 7,926,048 | ||||||
Series B 5.00%, 2/1/2018 | 1,000,000 | 1,151,210 | ||||||
Seattle, WA, Water System Revenue 5.00%, 9/1/2017 | 845,000 | 970,804 | ||||||
Snohomish County, WA, Public Utility Revenue 5.00%, 12/1/2016 | 425,000 | 476,506 | ||||||
Snohomish County, WA, School District No. 15, General Obligation 4.00%, 12/1/2017 | 2,400,000 | 2,675,472 | ||||||
Tacoma, WA, Electric System Revenue Series A 4.00%, 1/1/2018 | 2,000,000 | 2,196,840 | ||||||
Washington, Federal Highway Grant Anticipation Revenue: | ||||||||
Series F 5.00%, 9/1/2016 | 1,110,000 | 1,238,738 | ||||||
Series C 5.00%, 9/1/2018 | 5,750,000 | 6,641,422 | ||||||
Washington, State General Obligation: | ||||||||
Series R 5.00%, 1/1/2015 | 10,500,000 | 11,001,480 | ||||||
Series R 5.00%, 7/1/2015 | 3,000,000 | 3,210,570 | ||||||
Series A 5.00%, 8/1/2015 | 4,110,000 | 4,413,811 | ||||||
5.00%, 7/1/2017 | 13,900,000 | 15,882,001 | ||||||
Series 2010B 5.00%, 1/1/2018 | 425,000 | 490,501 | ||||||
5.00%, 7/1/2018 | 5,000,000 | 5,821,750 | ||||||
109,867,820 | ||||||||
WISCONSIN — 2.0% | ||||||||
Milwaukee, WI, General Obligation: | ||||||||
5.00%, 2/1/2015 | 8,825,000 | 9,279,840 | ||||||
Series N3 5.00%, 5/15/2016 | 2,590,000 | 2,855,449 | ||||||
Series N2 5.00%, 5/1/2017 | 10,000,000 | 11,309,400 | ||||||
Wisconsin, State General Obligation: | ||||||||
Series A 3.00%, 5/1/2015 | 400,000 | 414,624 | ||||||
4.00%, 11/1/2016 | 1,950,000 | 2,136,771 | ||||||
Series A 5.00%, 5/1/2015 | 3,380,000 | 3,593,143 | ||||||
Series C 5.00%, 5/1/2015 | 10,000,000 | 10,630,600 | ||||||
Series C 5.00%, 5/1/2017 | 500,000 | 568,820 |
See accompanying notes to financial statements.
202
SPDR Nuveen Barclays Short Term Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Series 1 5.00%, 5/1/2018 | $ | 1,000,000 | $ | 1,161,610 | ||||
41,950,257 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $2,069,560,819) | 2,083,390,124 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.4% | ||||||||
MONEY MARKET FUND — 0.4% | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (e)(f)(g) (Cost $8,593,383) | 8,593,383 | 8,593,383 | ||||||
TOTAL INVESTMENTS — 97.8% (h) | ||||||||
(Cost $2,078,154,202) | 2,091,983,507 | |||||||
OTHER ASSETS & LIABILITIES — 2.2% | 46,827,568 | |||||||
NET ASSETS — 100.0% | $ | 2,138,811,075 | ||||||
(a) | Variable rate security. Rate shown is rate in effect at December 31, 2013. Maturity date disclosed is the ultimate maturity. | |||||
(b) | Bond is insured by one of these companies: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Permanent School Fund Guaranteed | 2.00 | % | ||||
Assured Guaranty Municipal Corp. | 0.74 | % | ||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(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) |
See accompanying notes to financial statements.
203
SPDR Nuveen S&P VRDO Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 95.5% | ||||||||
ALASKA — 7.8% | ||||||||
Alaska, State Housing Finance Corp. Revenue: | ||||||||
Series A 0.03%, 12/1/2030 (a) | $ | 300,000 | $ | 300,000 | ||||
Series D 0.23%, 12/1/2041 (a) | 400,000 | 400,000 | ||||||
700,000 | ||||||||
ARIZONA — 1.1% | ||||||||
Arizona, Health Facilities Authority Revenue Series E 0.05%, 1/1/2029 (a) | 100,000 | 100,000 | ||||||
CALIFORNIA — 9.8% | ||||||||
Pasadena, CA, Certificates Participation Series A 0.04%, 2/1/2035 (a) | 400,000 | 400,000 | ||||||
Riverside, CA, Electric Revenue Series C 0.03%, 10/1/2035 (a) | 150,000 | 150,000 | ||||||
Santa Clara, CA, Financing Authority Revenue Series M 0.05%, 5/15/2035 (a) | 335,000 | 335,000 | ||||||
885,000 | ||||||||
COLORADO — 14.5% | ||||||||
Broomfield, CO, Urban Renewal Authority, Tax Revenue 0.14%, 12/1/2030 (a) | 400,000 | 400,000 | ||||||
Colorado Springs, CO, Utilities System Revenue Series A 0.05%, 11/1/2035 (a) | 300,000 | 300,000 | ||||||
Colorado, Educational & Cultural Facilities Authority 0.05%, 7/1/2033 (a) | 300,000 | 300,000 | ||||||
Southern UTE Indian Tribe Reservation Co. Zero Coupon, 4/1/2040 (a)(b) | 300,000 | 300,000 | ||||||
1,300,000 | ||||||||
DISTRICT OF COLUMBIA — 1.7% | ||||||||
District of Columbia Revenue Series A Zero Coupon, 1/1/2029 (a) | 150,000 | 150,000 | ||||||
LOUISIANA — 4.5% | ||||||||
St. James Parish, LA, Revenue Series A-1 0.35%, 11/1/2040 (a) | 400,000 | 400,000 | ||||||
MARYLAND — 3.3% | ||||||||
Maryland, State Economic Development Corp. Revenue 0.09%, 5/1/2036 (a) | 300,000 | 300,000 | ||||||
MASSACHUSETTS — 3.3% | ||||||||
Massachusetts Bay Transportation Authority Sales Tax Revenue Series A-1 0.06%, 7/1/2021 (a) | 300,000 | 300,000 | ||||||
NEBRASKA — 1.1% | ||||||||
Nebraska, Central Plains Energy Project Revenue 0.06%, 8/1/2039 (a) | 100,000 | 100,000 | ||||||
NEW MEXICO — 1.1% | ||||||||
New Mexico, State Municipal Energy Acquisition Authority, Gas Supply Revenue 0.06%, 11/1/2039 (a) | 100,000 | 100,000 | ||||||
NEW YORK — 20.7% | ||||||||
New York, NY, City Municipal Water Finance Authority Revenue Series F-2 0.06%, 6/15/2033 (a) | 400,000 | 400,000 | ||||||
New York, NY, City Transitional Finance Authority Revenue Series 3 0.30%, 11/1/2022 (a) | 325,000 | 325,000 | ||||||
New York, NY, Metropolitan Transportation Authority Revenue 0.07%, 11/1/2035 (a) | 100,000 | 100,000 | ||||||
New York, NY, Triborough Bridge & Tunnel Authority Revenue Series B-3 0.05%, 1/1/2032 (a) | 390,000 | 390,000 | ||||||
New York, State Housing Finance Agency: | ||||||||
Series A 0.07%, 11/1/2036 (a) | 350,000 | 350,000 | ||||||
Series A 0.07%, 11/1/2037 (a) | 300,000 | 300,000 | ||||||
1,865,000 | ||||||||
NORTH CAROLINA — 3.3% | ||||||||
Charlotte, NC, Water & Sewer System Revenue Series C 0.04%, 6/1/2025 (a) | 300,000 | 300,000 | ||||||
OHIO — 3.3% | ||||||||
Ohio, State University Series E 0.03%, 6/1/2035 (a) | 300,000 | 300,000 | ||||||
PENNSYLVANIA — 4.5% | ||||||||
Pennsylvania, Delaware Valley Regional Financing Authority Revenue Series B 0.30%, 6/1/2042 (a) | 400,000 | 400,000 | ||||||
TENNESSEE — 5.6% | ||||||||
Clarksville, TN, Public Building Authority Revenue: | ||||||||
0.08%, 6/1/2024 (a) | 100,000 | 100,000 | ||||||
0.08%, 6/1/2029 (a) | 100,000 | 100,000 | ||||||
Montgomery County, TN, Public Building Authority Revenue 0.07%, 9/1/2029 (a) | 300,000 | 300,000 | ||||||
500,000 | ||||||||
VIRGINIA — 6.6% | ||||||||
Montgomery County, VA, Industrial Development Authority Revenue 0.04%, 2/1/2039 (a) | 300,000 | 300,000 | ||||||
Norfolk Redevelopment & Housing Authority Revenue 0.11%, 7/1/2034 (a) | 295,000 | 295,000 | ||||||
595,000 | ||||||||
WASHINGTON — 3.3% | ||||||||
Washington, Health Care Facilities Authority Revenue Series C 0.06%, 10/1/2042 (a) | 300,000 | 300,000 | ||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $8,595,000) | 8,595,000 | |||||||
See accompanying notes to financial statements.
204
SPDR Nuveen S&P VRDO Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (c)(d)(e) (Cost $5,775) | 5,775 | $ | 5,775 | |||||
TOTAL INVESTMENTS — 95.6% (f) | ||||||||
(Cost $8,600,775) | 8,600,775 | |||||||
OTHER ASSETS & LIABILITIES — 4.4% | 399,499 | |||||||
NET ASSETS — 100.0% | $ | 9,000,274 | ||||||
(a) | Variable rate security. Rate shown is rate in effect at December 31, 2013. Maturity date disclosed is the ultimate maturity. | |||||
(b) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 3.3% of net assets as of December 31, 2013, is 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) |
See accompanying notes to financial statements.
205
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CONVERTIBLE PREFERRED STOCK — 1.0% | ||||||||
AIRLINES — 1.0% | ||||||||
American Airlines Group, Inc. 6.25%, 12/31/2049 (a)(b) (Cost $1,761,033) | $ | 69,006 | $ | 1,788,636 | ||||
MUNICIPAL BONDS & NOTES — 98.2% | ||||||||
ALABAMA — 2.0% | ||||||||
Jefferson County, AL, Capital Improvement Obligation Warrant Series A 5.00%, 4/1/2024 (c) | 1,500,000 | 1,415,865 | ||||||
Jefferson County, AL, School Warrant Revenue Series A 5.00%, 1/1/2024 | 1,000,000 | 969,100 | ||||||
Phenix, AL, Industrial Development Board, Environmental Improvement Revenue 4.13%, 5/15/2035 | 1,500,000 | 1,131,135 | ||||||
3,516,100 | ||||||||
ALASKA — 0.4% | ||||||||
Northern Alaska, Tobacco Securitization Corp., Tobacco Settlement Revenue Asset Backed Bonds: | ||||||||
Series A 5.00%, 6/1/2032 | 500,000 | 362,595 | ||||||
Series A 5.00%, 6/1/2046 | 500,000 | 323,395 | ||||||
685,990 | ||||||||
ARIZONA — 3.6% | ||||||||
Arizona, AZ, Health Facilities Authority, Hospital Revenue Series B 4.00%, 2/1/2022 | 1,000,000 | 1,005,690 | ||||||
Downtown Phoenix, AZ, Hotel Corp. Revenue Series A 5.25%, 7/1/2023 | 1,010,000 | 1,014,272 | ||||||
Phoenix, AZ, Industrial Development Authority Education Revenue: | ||||||||
6.00%, 7/1/2032 | 250,000 | 236,658 | ||||||
7.50%, 7/1/2042 | 500,000 | 482,940 | ||||||
Series A 7.50%, 7/1/2042 | 1,000,000 | 935,730 | ||||||
Pima County, AZ, Industrial Development Authority Education Revenue 6.00%, 7/1/2048 | 1,000,000 | 881,710 | ||||||
Quechan Indian Tribe, AZ, Fort Yuma Indian Reservation Revenue Series A 9.75%, 5/1/2025 | 1,000,000 | 1,113,120 | ||||||
Watson Road Community Facilities District Revenue, Special Assessment 5.75%, 7/1/2022 | 700,000 | 711,536 | ||||||
6,381,656 | ||||||||
CALIFORNIA — 18.8% | ||||||||
California County, CA, Tobacco Securitization Agency, Tobacco Settlement Revenue 5.45%, 6/1/2028 | 990,000 | 858,092 | ||||||
California, Golden State Tobacco Securitization Corp., Revenue: | ||||||||
Series A-1 5.00%, 6/1/2033 | 2,000,000 | 1,443,640 | ||||||
Series A 5.00%, 6/1/2045 | 1,000,000 | 938,330 | ||||||
Series A-1 5.13%, 6/1/2047 | 1,860,000 | 1,257,304 | ||||||
Series A-1 5.75%, 6/1/2047 | 1,585,000 | 1,170,792 | ||||||
California, Pollution Control Financing Authority, Water Furnishing Sacramento Revenue 5.00%, 11/21/2045 (d) | 500,000 | 399,085 | ||||||
California, State General Obligation: | ||||||||
5.00%, 9/1/2035 | 600,000 | 615,918 | ||||||
5.60%, 3/1/2036 | 650,000 | 706,225 | ||||||
California, State Public Works Board, Lease Revenue: | ||||||||
Series B 4.00%, 3/1/2017 (c) | 425,000 | 466,136 | ||||||
4.00%, 6/1/2027 | 965,000 | 938,897 | ||||||
Series C 5.00%, 9/1/2036 | 500,000 | 504,165 | ||||||
Subseries I 6.63%, 11/1/2034 | 510,000 | 511,948 | ||||||
California, State School Finance Authority, Charter School Revenue Series A 5.00%, 10/1/2042 | 750,000 | 622,035 | ||||||
California, Statewide Communities Development Authority Revenue: | ||||||||
Series I 4.50%, 11/1/2037 | 675,000 | 596,525 | ||||||
Series A 4.88%, 11/15/2036 | 550,000 | 464,470 | ||||||
5.00%, 8/15/2047 | 330,000 | 293,601 | ||||||
Series A 5.13%, 7/15/2031 | 500,000 | 423,445 | ||||||
Series A 5.25%, 7/1/2030 | 795,000 | 786,358 | ||||||
Series A 6.00%, 10/1/2047 | 1,000,000 | 927,440 | ||||||
Carlsbad, CA, Improvement Bond Act 1915, Special Assessment 5.00%, 9/2/2035 | 510,000 | 487,223 | ||||||
Chino, CA, Public Financing Authority, Special Tax Revenue 5.00%, 9/1/2034 | 100,000 | 94,691 | ||||||
Foothill-Eastern Transportation Corridor Agency Revenue Series C 6.25%, 1/15/2033 (e) | 1,500,000 | 1,489,230 | ||||||
Golden State Tobacco Securitization Corp., Revenue Series A-1 4.50%, 6/1/2027 | 1,000,000 | 838,550 | ||||||
Hesperia, CA, Public Financing Authority, Tax Allocation Series A 5.50%, 9/1/2022 | 1,000,000 | 1,019,510 | ||||||
Los Angeles, CA, Regional Airports Improvement Corp., Lease Revenue Series A 7.13%, 12/1/2024 (f) | 500,000 | 504,745 | ||||||
March, CA, Joint Powers Redevelopment Agency, Tax Allocation Series B 7.50%, 8/1/2041 | 1,000,000 | 1,096,620 | ||||||
Oakley, CA, Public Finance Authority Revenue, Special Assessment 5.30%, 9/2/2034 | 170,000 | 167,261 | ||||||
Palomar Pomerado, CA, Health Care District, Certificates of Participation 6.00%, 11/1/2041 | 2,000,000 | 1,852,580 | ||||||
Pittsburg, CA, Redevelopment Agency, Tax Allocation: | ||||||||
Zero Coupon, 8/1/2020 (c)(g) | 500,000 | 381,655 | ||||||
6.50%, 9/1/2028 | 1,000,000 | 1,024,880 |
See accompanying notes to financial statements.
206
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Rancho Mirage, CA, Joint Powers Financing Authority Revenue Series A 5.00%, 7/1/2027 | $ | 1,000,000 | $ | 1,004,460 | ||||
Riverside County, CA, Redevelopment Agency, Tax Allocation Series A 6.00%, 10/1/2039 | 430,000 | 438,789 | ||||||
Saugus Union School District, Special Tax 5.00%, 9/1/2031 | 1,000,000 | 974,740 | ||||||
Temecula, CA, Public Financing Authority, Special Tax Revenue: | ||||||||
5.00%, 9/1/2030 | 500,000 | 502,760 | ||||||
5.00%, 9/1/2034 | 1,000,000 | 971,080 | ||||||
Tobacco Securitization Authority of Northern California, Tobacco Settlement Revenue Series A1 5.50%, 6/1/2045 | 1,605,000 | 1,120,723 | ||||||
Tobacco Securitization Authority of Southern California, Tobacco Settlement Revenue: | ||||||||
Series A1 5.00%, 6/1/2037 | 1,000,000 | 708,640 | ||||||
Series A1 5.13%, 6/1/2046 | 2,690,000 | 1,820,431 | ||||||
Tulare, CA, Local Health Care District Revenue 5.10%, 11/1/2027 | 1,000,000 | 824,130 | ||||||
Vernon, CA, Electric System Revenue Series A 5.13%, 8/1/2021 | 1,125,000 | 1,209,330 | ||||||
West Contra Costa, CA, Healthcare District, Certificates of Participation 5.75%, 7/1/2037 | 515,000 | 529,513 | ||||||
32,985,947 | ||||||||
COLORADO — 6.9% | ||||||||
Colorado, Health Facilities Authority Revenue: | ||||||||
Series B 4.00%, 12/1/2026 | 500,000 | 451,605 | ||||||
Series A 5.90%, 8/1/2037 | 1,000,000 | 805,510 | ||||||
Series A 7.75%, 8/1/2039 | 485,000 | 482,279 | ||||||
Denver, CO, City & County Special Facilities, Airport Revenue Series A 5.25%, 10/1/2032 | 1,000,000 | 885,320 | ||||||
Granby Ranch, CO, Metropolitan District, General Obligation 6.75%, 12/1/2036 (h) | 500,000 | 480,295 | ||||||
Great Western, CO, Metropolitan District, General Obligation Series A1 9.00%, 8/1/2039 | 1,000,000 | 998,870 | ||||||
Harvest Junction, CO, Metropolitan District, General Obligation 5.00%, 12/1/2030 | 770,000 | 730,361 | ||||||
Metropolitan District, CO, Compark Business Campus, General Obligation: | ||||||||
Series A 5.75%, 12/1/2027 | 1,000,000 | 982,120 | ||||||
Series A 6.75%, 12/1/2039 | 1,000,000 | 973,000 | ||||||
Plaza, CO, Metropolitan District No. 1, Revenue, Tax Allocation 5.00%, 12/1/2040 | 500,000 | 455,805 | ||||||
Prairie Center, CO, Metropolitan District No. 3, General Obligation Series A 5.40%, 12/15/2031 | 1,000,000 | 910,010 | ||||||
Public Authority for Colorado, State Natural Gas Purchase Revenue: | ||||||||
6.25%, 11/15/2028 | 1,145,000 | 1,280,831 | ||||||
6.50%, 11/15/2038 | 1,035,000 | 1,208,849 | ||||||
Regional, CO, Transportation District, Private Activity Revenue 6.00%, 1/15/2034 | 1,300,000 | 1,335,971 | ||||||
Tallyns Reach, CO, Metropolitan District No. 3, General Obligation 5.13%, 11/1/2038 | 135,000 | 118,263 | ||||||
12,099,089 | ||||||||
CONNECTICUT — 0.6% | ||||||||
Harbor Point, CT, Special Obligation Revenue Series A 7.88%, 4/1/2039 | 500,000 | 540,390 | ||||||
Mohegan Tribe of Indians, CT, Gaming Authority Revenue 5.13%, 1/1/2023 (d) | 500,000 | 475,080 | ||||||
1,015,470 | ||||||||
FLORIDA — 7.7% | ||||||||
Alachua County, FL, Health Facilities Authority Series A 7.38%, 11/15/2019 | 300,000 | 301,428 | ||||||
Ave Maria, FL, Stewardship Community District, Special Assessment 6.70%, 5/1/2042 (h) | 990,000 | 957,033 | ||||||
Collier County, FL, Industrial Development Authority Revenue Series A 8.13%, 5/15/2044 (d)(e) | 1,500,000 | 1,478,985 | ||||||
Escambia County, FL, Health Facilities Authority Revenue Series A 5.75%, 8/15/2029 | 1,000,000 | 1,040,630 | ||||||
Florida Development Finance Corp., Educational Facilities Revenue: | ||||||||
Series A 6.13%, 6/15/2043 | 500,000 | 431,915 | ||||||
Series A 7.50%, 6/15/2033 | 500,000 | 501,045 | ||||||
Fort Pierce, FL, Redevelopment Agency Revenue, Tax Allocation 5.00%, 5/1/2031 | 1,000,000 | 1,008,910 | ||||||
Hillsborough County, FL, Industrial Development Authority, Hospital Revenue 5.25%, 10/1/2026 | 1,000,000 | 1,028,440 | ||||||
Lake County, FL, Industrial Development Revenue Series A 7.13%, 11/1/2042 | 500,000 | 437,875 | ||||||
Lakes by the Bay, FL, Community Development District, Special Assessment: | ||||||||
5.25%, 11/1/2033 | 500,000 | 456,970 | ||||||
5.75%, 11/1/2042 | 500,000 | 453,785 | ||||||
Madison County, FL, Revenue Series A 6.00%, 7/1/2025 | 690,000 | 632,792 | ||||||
Martin County, FL, Health Facilities Authority, Revenue Series B 5.00%, 11/15/2028 | 2,000,000 | 1,975,100 |
See accompanying notes to financial statements.
207
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Northern Palm Beach County, FL, Improvement District, Special Assesment 5.13%, 8/1/2022 | $ | 930,000 | $ | 908,833 | ||||
Renaissance Community Development District, FL, Special Assessment 5.55%, 5/1/2033 | 500,000 | 483,285 | ||||||
Seven Oaks, FL, Community Development District, Special Assessment Series A-2 6.50%, 5/1/2033 | 750,000 | 741,383 | ||||||
Tolomato, FL, Community Development District, Special Assessment: | ||||||||
Series A-2 Zero Coupon, 5/1/2039 (g) | 65,000 | 47,713 | ||||||
Series A-3 Zero Coupon, 5/1/2040 (g) | 195,000 | 116,645 | ||||||
Series A-4 Zero Coupon, 5/1/2040 (g) | 85,000 | 37,642 | ||||||
Series 1 6.65%, 5/1/2040 (h) | 10,000 | 9,653 | ||||||
Series 2 6.65%, 5/1/2040 | 470,000 | 258,622 | ||||||
Series 3 6.65%, 5/1/2040 (h) | 120,000 | 1 | ||||||
Series A-1 6.65%, 5/1/2040 | 200,000 | 194,084 | ||||||
13,502,769 | ||||||||
GEORGIA — 1.1% | ||||||||
Georgia, State Local Government, Certificates of Participation Series A 4.75%, 6/1/2028 (c) | 1,990,000 | 1,913,524 | ||||||
GUAM — 1.7% | ||||||||
Guam, Government General Obligation Series A 6.75%, 11/15/2029 | 1,000,000 | 1,034,320 | ||||||
Guam, Government Waterworks Authority, Water & Wastewater System Revenue: | ||||||||
5.00%, 7/1/2028 | 1,000,000 | 981,800 | ||||||
5.63%, 7/1/2040 | 1,000,000 | 975,800 | ||||||
2,991,920 | ||||||||
HAWAII — 0.2% | ||||||||
Hawaii, State Department of Budget & Finance, Special Purpose Revenue Series A 4.65%, 3/1/2037 | 480,000 | 428,621 | ||||||
ILLINOIS — 5.1% | ||||||||
Chicago, IL, Board of Education, General Obligation Series A 5.50%, 12/1/2018 (c) | 970,000 | 1,097,002 | ||||||
Cook County, IL, Revenue 6.50%, 10/15/2040 | 1,000,000 | 961,920 | ||||||
Illinois, State Finance Authority Revenue: | ||||||||
4.25%, 5/15/2043 | 430,000 | 322,362 | ||||||
5.00%, 5/15/2043 | 675,000 | 583,929 | ||||||
5.75%, 5/15/2046 | 1,000,000 | 887,960 | ||||||
6.13%, 5/15/2027 | 1,000,000 | 1,033,480 | ||||||
7.13%, 2/1/2034 | 1,000,000 | 1,047,260 | ||||||
7.13%, 2/15/2039 | 1,100,000 | 1,098,273 | ||||||
Illinois, State Finance Authority, Student Housing Revenue Series A 5.00%, 6/1/2024 (f) | 500,000 | 404,970 | ||||||
Railsplitter, IL, Tobacco Settlement Authority Revenue 5.50%, 6/1/2023 | 500,000 | 551,280 | ||||||
Southwestern, IL, Development Authority Revenue 7.63%, 11/1/2048 | 1,000,000 | 960,520 | ||||||
8,948,956 | ||||||||
INDIANA — 2.5% | ||||||||
Indiana, State Finance Authority, Environmental Revenue: | ||||||||
6.00%, 12/1/2019 | 1,000,000 | 1,018,600 | ||||||
6.00%, 12/1/2026 | 550,000 | 538,995 | ||||||
Indiana, State Finance Authority, Hospital Revenue 5.50%, 8/15/2040 | 500,000 | 437,050 | ||||||
Valparaiso City, IN, Exempt Facilities Revenue 6.75%, 1/1/2034 | 1,500,000 | 1,502,295 | ||||||
Vigo County, IN, Hospital Authority Revenue 5.75%, 9/1/2042 (d) | 1,000,000 | 919,920 | ||||||
4,416,860 | ||||||||
IOWA — 1.6% | ||||||||
Iowa Finance Authority, Midwestern Disaster Area Revenue: | ||||||||
5.00%, 12/1/2019 | 1,000,000 | 959,880 | ||||||
5.50%, 12/1/2022 | 1,000,000 | 934,990 | ||||||
Tobacco Settlement Authority, IA, Tobacco Settlement Revenue Series C 5.50%, 6/1/2042 | 1,355,000 | 1,006,237 | ||||||
2,901,107 | ||||||||
KANSAS — 0.8% | ||||||||
KS Independent College Finance Authority & Educational Facilities Revenue Series A 5.80%, 3/1/2037 | 455,000 | 418,104 | ||||||
Lenexa, KS, Health Facility Revenue 5.25%, 5/15/2022 | 1,000,000 | 980,060 | ||||||
1,398,164 | ||||||||
LOUISIANA — 2.2% | ||||||||
Jefferson Parish, LA, Hospital Service District No. 2, Hospital Revenue 6.38%, 7/1/2041 | 1,060,000 | 1,085,652 | ||||||
Louisiana Public Facilities Authority 4.50%, 7/1/2037 | 860,000 | 790,908 | ||||||
Louisiana, Public Facilities Authority 6.50%, 7/1/2036 | 1,000,000 | 906,640 | ||||||
Louisiana, State Environmental Facilities & Community Development Authority Revenue 6.75%, 11/1/2032 | 500,000 | 529,065 | ||||||
New Orleans, LA, General Obligation 5.00%, 12/1/2033 | 500,000 | 500,335 | ||||||
3,812,600 | ||||||||
See accompanying notes to financial statements.
208
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MAINE — 0.3% | ||||||||
Rumford, ME, Solid Waste Disposal Revenue 6.88%, 10/1/2026 | $ | 525,000 | $ | 524,790 | ||||
MASSACHUSETTS — 1.1% | ||||||||
Massachusetts, Development Finance Agency, Resource Recovery Revenue Series B 4.88%, 11/1/2042 | 1,000,000 | 832,260 | ||||||
Massachusetts, Port Authority Facilities Revenue: | ||||||||
Series A 5.00%, 1/1/2027 (c) | 995,000 | 906,067 | ||||||
Series A 5.50%, 1/1/2016 (c) | 250,000 | 250,087 | ||||||
1,988,414 | ||||||||
MICHIGAN — 2.5% | ||||||||
Conner Creek Academy, MI, Public School Revenue 5.00%, 11/1/2026 | 900,000 | 709,605 | ||||||
Detroit, MI, Water and Sewerage Department System Revenue Series A 5.25%, 7/1/2039 | 980,000 | 886,282 | ||||||
Kent County, MI, Hospital Finance Authority Revenue Series A 5.25%, 7/1/2030 | 865,000 | 872,396 | ||||||
Michigan Finance Authority Ltd., Miscellaneous Revenue 8.13%, 4/1/2041 | 495,000 | 520,285 | ||||||
Michigan, State Tobacco Settlement Finance Authority Revenue Series A 6.88%, 6/1/2042 | 590,000 | 520,964 | ||||||
Saline, MI, Economic Development Corp., Revenue 5.50%, 6/1/2047 | 1,000,000 | 878,920 | ||||||
4,388,452 | ||||||||
MINNESOTA — 1.0% | ||||||||
Oakdale, MN, Oak Meadows Project, Revenue 5.00%, 4/1/2034 | 1,000,000 | 876,150 | ||||||
St. Paul, MN, Housing & Redevelopment Authority, Lease Revenue Series A 6.63%, 12/1/2023 | 760,000 | 795,598 | ||||||
1,671,748 | ||||||||
MISSISSIPPI — 0.5% | ||||||||
D’Iberville, MS, Tax Increment Limited Obligation, Tax Allocation 5.00%, 4/1/2033 | 1,000,000 | 933,960 | ||||||
MISSOURI — 0.4% | ||||||||
Lees Summit, MO, Industrial Development Authority, Special Assessment & Sales Tax Revenue: | ||||||||
5.00%, 5/1/2035 | 265,000 | 236,542 | ||||||
6.00%, 5/1/2042 | 435,000 | 385,044 | ||||||
621,586 | ||||||||
NEBRASKA — 0.3% | ||||||||
Central Plains Energy Project, NE, Natural Gas Revenue 5.00%, 9/1/2032 | 500,000 | 491,625 | ||||||
NEVADA — 0.6% | ||||||||
Sparks, NV, Tourism Improvement District No. 1, Sales Tax Revenue Series A 6.75%, 6/15/2028 (d) | 1,000,000 | 985,470 | ||||||
NEW HAMPSHIRE — 0.5% | ||||||||
New Hampshire Health & Education Facilities Authority 2.25%, 7/1/2019 | 830,000 | 797,431 | ||||||
NEW JERSEY — 6.1% | ||||||||
Bayonne, NJ, Redevelopment Agency Revenue Series A 5.38%, 11/1/2035 | 535,000 | 465,825 | ||||||
New Jersey, Economic Development Authority Revenue: | ||||||||
5.13%, 1/1/2034 | 1,000,000 | 972,570 | ||||||
5.75%, 9/15/2027 | 1,000,000 | 958,750 | ||||||
New Jersey, Economic Development Authority, Revenue: | ||||||||
4.25%, 6/15/2027 | 500,000 | 461,775 | ||||||
5.00%, 9/1/2017 | 400,000 | 455,844 | ||||||
5.00%, 6/15/2028 | 500,000 | 499,990 | ||||||
5.25%, 9/15/2029 | 1,050,000 | 955,584 | ||||||
New Jersey, Educational Facilities Authority, Revenue Series A 3.50%, 7/1/2025 | 540,000 | 490,498 | ||||||
New Jersey, Health Care Facilities Financing Authority, Revenue: | ||||||||
Zero Coupon, 7/1/2035 (g) | 430,000 | 120,129 | ||||||
4.00%, 7/1/2026 | 1,175,000 | 1,105,887 | ||||||
Nj Econ Dev Escrow 11/31 Fixed 7.1 7.10%, 11/1/2031 (h) | 1,000,000 | 550,500 | ||||||
Tobacco Settlement Financing Corp., NJ, Revenue: | ||||||||
Series 1A 4.63%, 6/1/2026 | 1,000,000 | 835,450 | ||||||
Series 1A 4.75%, 6/1/2034 | 1,000,000 | 705,990 | ||||||
Series 1A 5.00%, 6/1/2029 | 1,020,000 | 799,802 | ||||||
Series 1A 5.00%, 6/1/2041 | 1,860,000 | 1,305,887 | ||||||
10,684,481 | ||||||||
NEW MEXICO — 1.1% | ||||||||
Mariposa, NM, Public Improvement District, General Obligation 6.00%, 9/1/2032 | 500,000 | 402,650 | ||||||
New Mexico Hospital Equipment Loan Council, First Mortgage Revenue 5.00%, 7/1/2042 | 2,000,000 | 1,619,600 | ||||||
2,022,250 | ||||||||
NEW YORK — 4.2% | ||||||||
Buffalo & Erie County, NY, Industrial Land Development Corp., Revenue 5.25%, 4/1/2035 | 135,000 | 123,067 | ||||||
Build NYC Resource Corp. 5.00%, 4/1/2033 | 120,000 | 110,908 | ||||||
Chautauqua County, NY, Industrial Development Agency, Exempt Facility Revenue 5.88%, 4/1/2042 | 500,000 | 503,395 |
See accompanying notes to financial statements.
209
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Hudson, NY, Yards Infrastructure Corp., Revenue Series A 5.75%, 2/15/2047 | $ | 500,000 | $ | 530,950 | ||||
New York City Industrial Development Agency 7.50%, 8/1/2016 | 700,000 | 741,601 | ||||||
New York, NY, Industrial Development Agency Revenue: | ||||||||
4.00%, 1/1/2015 (c) | 100,000 | 101,294 | ||||||
5.00%, 1/1/2031 (c) | 1,000,000 | 916,280 | ||||||
5.00%, 9/1/2035 | 1,000,000 | 970,570 | ||||||
5.75%, 10/1/2037 (h) | 1,000,000 | 389,970 | ||||||
Series A 8.50%, 8/1/2028 (f) | 500,000 | 536,190 | ||||||
New York, State Dormitory Authority Revenue, Yeshiva University 5.00%, 9/1/2021 | 1,290,000 | 1,382,661 | ||||||
TSASC, Inc., NY, Revenue: | ||||||||
Series 1 5.00%, 6/1/2034 | 530,000 | 394,150 | ||||||
Series 1 5.13%, 6/1/2042 | 1,000,000 | 720,990 | ||||||
7,422,026 | ||||||||
NORTH CAROLINA — 0.2% | ||||||||
Gaston County, NC, Industrial Facilities & Pollution Control Financing Authority 5.75%, 8/1/2035 | 500,000 | 432,895 | ||||||
OHIO — 5.9% | ||||||||
Buckeye, OH, Tobacco Settlement Financing Authority: | ||||||||
Series A-2 5.13%, 6/1/2024 | 1,150,000 | 946,162 | ||||||
Series A-2 5.38%, 6/1/2024 | 1,000,000 | 846,900 | ||||||
Series A-2 5.75%, 6/1/2034 | 2,000,000 | 1,455,820 | ||||||
Series A-2 5.88%, 6/1/2030 | 2,000,000 | 1,510,860 | ||||||
Series A-2 5.88%, 6/1/2047 | 1,500,000 | 1,110,180 | ||||||
Series A-2 6.00%, 6/1/2042 | 1,110,000 | 815,839 | ||||||
Series A-3 6.25%, 6/1/2037 (i) | 1,000,000 | 772,890 | ||||||
Series A-2 6.50%, 6/1/2047 | 1,000,000 | 806,730 | ||||||
Ohio, State Air Quality Development Authority Revenue: | ||||||||
Series E 5.63%, 10/1/2019 | 790,000 | 855,728 | ||||||
6.75%, 6/1/2024 | 1,000,000 | 805,780 | ||||||
Ohio, State Hospital Facilities Authority Revenue 6.00%, 12/1/2042 | 500,000 | 473,770 | ||||||
10,400,659 | ||||||||
OKLAHOMA — 1.7% | ||||||||
Tulsa Airports Improvement Trust Series B 5.50%, 12/1/2035 | 1,000,000 | 892,510 | ||||||
Tulsa County, OK, Industrial Authority, Senior Living Community Revenue Series A 7.13%, 11/1/2030 | 1,025,000 | 1,077,203 | ||||||
Tulsa, OK, Municipal Airport Trust Trustees, Revenue 6.25%, 6/1/2020 | 1,000,000 | 998,370 | ||||||
2,968,083 | ||||||||
OREGON — 0.5% | ||||||||
Oregon State Facilities Authority Series A 5.00%, 10/1/2031 | 1,000,000 | 940,470 | ||||||
PENNSYLVANIA — 2.7% | ||||||||
Erie, PA, Higher Education Building Authority Revenue 5.35%, 3/15/2028 | 540,000 | 552,566 | ||||||
Lancaster County, PA, Hospital Authority 5.00%, 4/1/2027 | 420,000 | 392,507 | ||||||
Montgomery County, PA, Industrial Development Authority Revenue 6.00%, 2/1/2021 | 1,015,000 | 1,025,099 | ||||||
Pennsylvania, State Economic Development Financing Authority Revenue 6.00%, 6/1/2031 | 515,000 | 504,896 | ||||||
Philadelphia, PA, Hospitals & Higher Education Facilities Authority Revenue Series A 5.63%, 7/1/2042 | 1,080,000 | 881,874 | ||||||
Scranton, PA, General Obligation Series B 4.35%, 9/1/2020 (c) | 745,000 | 626,098 | ||||||
Susquehanna, PA, Area Regional Airport Authority System Revenue Series B 4.00%, 1/1/2033 | 1,000,000 | 848,710 | ||||||
4,831,750 | ||||||||
PUERTO RICO — 2.6% | ||||||||
Puerto Rico Commonwealth, General Obligation: | ||||||||
Series A 5.00%, 7/1/2022 | 1,000,000 | 702,770 | ||||||
Series B 5.75%, 7/1/2038 | 1,725,000 | 1,143,520 | ||||||
Puerto Rico, Electric Power Authority Revenue Series XX 5.25%, 7/1/2040 | 1,000,000 | 623,760 | ||||||
Puerto Rico, Industrial Tourist Educational, Medical & Environmental Revenue: | ||||||||
5.00%, 10/1/2042 | 1,040,000 | 690,768 | ||||||
5.38%, 4/1/2042 | 1,000,000 | 661,120 | ||||||
Puerto Rico, Sales Tax Financing Corp. Revenue Series A 5.38%, 8/1/2039 | 1,000,000 | 695,490 | ||||||
4,517,428 | ||||||||
RHODE ISLAND — 0.6% | ||||||||
Rhode Island, Health & Educational Building Corp., Revenue Series E 5.00%, 5/15/2019 (c) | 945,000 | 1,024,739 | ||||||
TENNESSEE — 0.6% | ||||||||
Shelby County Health Educational & Housing Facilities Board Series A 5.50%, 9/1/2047 | 400,000 | 333,620 | ||||||
Tennessee, State Energy Acquisition Corp., Gas Revenue Series A 5.25%, 9/1/2019 | 725,000 | 807,266 | ||||||
1,140,886 | ||||||||
TEXAS — 4.5% | ||||||||
Austin, TX, Convention Center Revenue Series A 5.00%, 1/1/2034 | 875,000 | 778,067 | ||||||
Central Texas, Regional Mobility Authority Revenue 5.75%, 1/1/2025 | 1,000,000 | 1,054,880 |
See accompanying notes to financial statements.
210
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Danbury Higher Education Authority, Inc.: | ||||||||
5.25%, 8/15/2023 | $ | 270,000 | $ | 270,186 | ||||
Series A 6.00%, 8/15/2028 | 230,000 | 229,538 | ||||||
Gulf Coast, TX, Industrial Development Authority Revenue 4.88%, 5/1/2025 | 750,000 | 708,983 | ||||||
Harris County, TX, Cultural Education Facilities Finance Corp. Revenue Series B 7.00%, 1/1/2043 | 500,000 | 500,660 | ||||||
Houston, TX, Airport System Revenue Series A 5.00%, 7/1/2028 | 1,000,000 | 1,018,720 | ||||||
Northpointe, TX, Water Control & Improvement District, General Obligation Series A 3.70%, 9/1/2034 | 580,000 | 479,973 | ||||||
Texas, Brazos River Authority, Pollution Control Revenue Series D 5.40%, 10/1/2029 (h)(i) | 1,000,000 | 29,950 | ||||||
Texas, Municipal Gas Acquisition & Supply Corp. III, Revenue 5.00%, 12/15/2030 | 1,000,000 | 960,190 | ||||||
Texas, State Transportation Commission, Turnpike System Revenue Series A 4.00%, 8/15/2038 | 1,000,000 | 810,510 | ||||||
Travis County, TX, Health Facilities Development Corp., Revenue 7.13%, 11/1/2040 | 1,000,000 | 1,054,180 | ||||||
7,895,837 | ||||||||
UTAH — 1.0% | ||||||||
Spanish Fork City Ut Chrt Sch Spaedu 5.55%, 11/15/2021 (d) | 900,000 | 894,843 | ||||||
Utah, State Charter School Finance Authority Revenue Series A 5.80%, 6/15/2038 (h) | 1,000,000 | 949,940 | ||||||
1,844,783 | ||||||||
VIRGIN ISLANDS — 0.3% | ||||||||
Virgin Islands, Public Finance Authority Revenue 5.00%, 10/1/2025 | 500,000 | 505,455 | ||||||
VIRGINIA — 1.5% | ||||||||
Tobacco Settlement Financing Corp., VA, Revenue Series B1 5.00%, 6/1/2047 | 1,490,000 | 925,916 | ||||||
Virginia, Small Business Financing Authority Revenue: | ||||||||
5.00%, 7/1/2034 | 500,000 | 448,530 | ||||||
5.50%, 1/1/2042 | 1,250,000 | 1,201,725 | ||||||
2,576,171 | ||||||||
WASHINGTON — 0.7% | ||||||||
Port of Seattle, WA, Industrial Development Corp. 5.00%, 4/1/2030 | 700,000 | 614,684 | ||||||
Tacoma Consolidated Local Improvement Districts 5.75%, 4/1/2043 | 410,000 | 373,510 | ||||||
Washington, Health Care Facilities Authority Revenue 5.00%, 12/1/2042 | 320,000 | 270,150 | ||||||
1,258,344 | ||||||||
WISCONSIN — 1.6% | ||||||||
Platteville Redevelopment Authority, WI, Revenue 5.00%, 7/1/2042 | 1,000,000 | 912,410 | ||||||
Public Finance Authority, WI, Public Facilities Revenue: | ||||||||
5.00%, 4/1/2022 | 535,000 | 526,092 | ||||||
Series A 6.20%, 10/1/2042 | 325,000 | 291,118 | ||||||
Wisconsin, State Public Finance Authority Revenue Series A 8.63%, 6/1/2047 | 1,000,000 | 1,028,410 | ||||||
2,758,030 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $184,829,329) | 172,626,536 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 1.5% | ||||||||
MONEY MARKET FUND — 1.5% | ||||||||
State Street Institutional Tax Free Money Market Fund 0.00% (j)(k)(l) (Cost $2,708,070) | 2,708,070 | 2,708,070 | ||||||
TOTAL INVESTMENTS — 100.7% (m) | ||||||||
(Cost $189,298,432) | 177,123,242 | |||||||
OTHER ASSETS & LIABILITIES — (0.7)% | (1,317,491 | ) | ||||||
NET ASSETS — 100.0% | $ | 175,805,751 | ||||||
See accompanying notes to financial statements.
211
SPDR Nuveen S&P High Yield Municipal Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
(a) | Perpetual floating rate security. Date shown reflects the next reset date. | |||||
(b) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(c) | Bond is insured by one of these companies: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Ambac Financial Group | 2.43 | % | ||||
National Public Finance Guarantee Corp. | 2.16 | % | ||||
Assured Guaranty Corp. | 0.58 | % | ||||
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 2.9% of net assets as of December 31, 2013, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(e) | When-issued security. | |||||
(f) | Security is currently in default and/or issuer is in bankruptcy. | |||||
(g) | Non-income producing security. | |||||
(h) | 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) | |||||
(i) | Variable rate security. Rate shown is rate in effect at December 31, 2013. Maturity date disclosed is the ultimate maturity. | |||||
(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) | Value is determined based on Level 1 inputs. (Note 2) | |||||
(m) | 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.
212
SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MUNICIPAL BONDS & NOTES — 98.3% | ||||||||
ARIZONA — 0.9% | ||||||||
Arizona, Salt River Project, Agricultural Improvement & Power District Revenue 4.84%, 1/1/2041 | $ | 245,000 | $ | 246,169 | ||||
Phoenix, AZ, General Obligation 5.27%, 7/1/2034 | 165,000 | 165,323 | ||||||
411,492 | ||||||||
CALIFORNIA — 33.8% | ||||||||
California, Bay Area Toll Authority, Toll Bridge Revenue 7.04%, 4/1/2050 | 500,000 | 616,795 | ||||||
California, State General Obligation: | ||||||||
5.70%, 11/1/2021 | 220,000 | 246,732 | ||||||
6.65%, 3/1/2022 | 370,000 | 433,488 | ||||||
7.30%, 10/1/2039 | 2,395,000 | 3,010,754 | ||||||
7.35%, 11/1/2039 | 485,000 | 612,473 | ||||||
7.50%, 4/1/2034 | 215,000 | 274,312 | ||||||
7.55%, 4/1/2039 | 245,000 | 316,900 | ||||||
7.63%, 3/1/2040 | 285,000 | 372,743 | ||||||
7.70%, 11/1/2030 | 45,000 | 52,131 | ||||||
7.95%, 3/1/2036 | 1,180,000 | 1,364,104 | ||||||
California, State Public Works Board, Lease Revenue 8.36%, 10/1/2034 | 125,000 | 152,714 | ||||||
East Bay, CA, Municipal Utility District, Water System Revenue 5.87%, 6/1/2040 | 200,000 | 227,476 | ||||||
Los Angeles County, CA, Metropolitan Transportation Authority, Sales Tax Revenue 5.74%, 6/1/2039 | 220,000 | 234,377 | ||||||
Los Angeles County, CA, Public Works Financing Authority, Lease Revenue 7.62%, 8/1/2040 | 285,000 | 333,424 | ||||||
Los Angeles, CA, Community College District, General Obligation: | ||||||||
6.60%, 8/1/2042 | 205,000 | 251,150 | ||||||
6.75%, 8/1/2049 | 100,000 | 125,363 | ||||||
Los Angeles, CA, Department of Airports Revenue 6.58%, 5/15/2039 | 130,000 | 148,173 | ||||||
Los Angeles, CA, Department of Water & Power Revenue: | ||||||||
5.72%, 7/1/2039 | 45,000 | 49,089 | ||||||
6.17%, 7/1/2040 | 25,000 | 26,390 | ||||||
6.57%, 7/1/2045 | 405,000 | 497,093 | ||||||
6.60%, 7/1/2050 | 275,000 | 343,478 | ||||||
Los Angeles, CA, Department of Water & Power Waterworks Revenue 6.01%, 7/1/2039 | 25,000 | 27,743 | ||||||
Los Angeles, CA, Unified School District, General Obligation: | ||||||||
5.75%, 7/1/2034 | 850,000 | 941,009 | ||||||
5.76%, 7/1/2029 | 40,000 | 44,408 | ||||||
6.76%, 7/1/2034 | 275,000 | 338,014 | ||||||
Orange County, CA, Local Transportation Authority, Sales Tax Revenue Series A 6.91%, 2/15/2041 | 130,000 | 156,628 | ||||||
Sacramento, CA, Municipal Utility District, Electricity Revenue 6.16%, 5/15/2036 | 165,000 | 175,652 | ||||||
San Diego County, CA, Regional Transportation Commission, Sales Tax Revenue 5.91%, 4/1/2048 | 175,000 | 197,358 | ||||||
San Diego County, CA, Water Authority Revenue 6.14%, 5/1/2049 | 50,000 | 57,500 | ||||||
San Francisco, CA, Bay Area Toll Authority, Toll Bridge Revenue: | ||||||||
6.26%, 4/1/2049 | 685,000 | 821,527 | ||||||
6.92%, 4/1/2040 | 270,000 | 323,139 | ||||||
San Francisco, CA, City & County Public Utilities Commission, Water Revenue: | ||||||||
6.00%, 11/1/2040 | 110,000 | 125,366 | ||||||
6.00%, 11/1/2040 | 125,000 | 142,326 | ||||||
6.95%, 11/1/2050 | 180,000 | 226,892 | ||||||
Santa Clara Valley, CA, Transportation Authority, Sales Tax Revenue 5.88%, 4/1/2032 | 195,000 | 213,166 | ||||||
Southern California, Metropolitan Water District Revenue 6.95%, 7/1/2040 | 120,000 | 133,608 | ||||||
University of California, Revenue: | ||||||||
5.77%, 5/15/2043 | 240,000 | 264,482 | ||||||
5.95%, 5/15/2045 | 205,000 | 226,332 | ||||||
6.27%, 5/15/2031 | 5,000 | 5,312 | ||||||
6.55%, 5/15/2048 | 310,000 | 361,584 | ||||||
6.58%, 5/15/2049 | 235,000 | 273,681 | ||||||
14,744,886 | ||||||||
COLORADO — 1.3% | ||||||||
Colorado, Regional Transportation District, Sales Tax Revenue 5.84%, 11/1/2050 | 185,000 | 212,854 | ||||||
Colorado, State Bridge Enterprise Revenue Series A 6.08%, 12/1/2040 | 140,000 | 159,158 | ||||||
Denver, CO, City & County School District No 1, General Obligation 5.66%, 12/1/2033 | 165,000 | 178,442 | ||||||
Denver, CO, General Obligation 5.65%, 8/1/2030 | 10,000 | 10,619 | ||||||
561,073 | ||||||||
CONNECTICUT — 1.0% | ||||||||
Connecticut, State General Obligation: | ||||||||
5.09%, 10/1/2030 | 125,000 | 127,420 | ||||||
5.63%, 12/1/2029 | 135,000 | 145,130 | ||||||
Connecticut, State Special Tax Revenue 5.46%, 11/1/2030 | 140,000 | 148,469 | ||||||
421,019 | ||||||||
DISTRICT OF COLUMBIA — 1.6% | ||||||||
District of Columbia, Income Tax Revenue: | ||||||||
5.58%, 12/1/2035 | 155,000 | 168,369 | ||||||
5.59%, 12/1/2034 | 155,000 | 168,671 |
See accompanying notes to financial statements.
213
SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
District of Columbia, Water & Sewer Authority Revenue 5.52%, 10/1/2044 | $ | 110,000 | $ | 116,440 | ||||
Metropolitan Washington, DC, Airport Authority, Dules Road Revenue 7.46%, 10/1/2046 | 225,000 | 249,010 | ||||||
702,490 | ||||||||
GEORGIA — 2.9% | ||||||||
Georgia, Municipal Electric Authority Revenue: | ||||||||
6.64%, 4/1/2057 | 550,000 | 578,127 | ||||||
6.66%, 4/1/2057 | 595,000 | 621,715 | ||||||
7.06%, 4/1/2057 | 30,000 | 29,986 | ||||||
Georgia, State General Obligation 4.50%, 11/1/2025 | 25,000 | 26,455 | ||||||
1,256,283 | ||||||||
ILLINOIS — 5.8% | ||||||||
Chicago, IL, Board of Education, General Obligation 6.14%, 12/1/2039 | 200,000 | 179,026 | ||||||
Chicago, IL, Metropolitan Water Reclamation District, General Obligation 5.72%, 12/1/2038 | 355,000 | 377,468 | ||||||
Chicago, IL, O’Hare International Airport Revenue: | ||||||||
6.40%, 1/1/2040 | 225,000 | 248,382 | ||||||
6.85%, 1/1/2038 | 15,000 | 15,842 | ||||||
Chicago, IL, Transit Authority, Sales Tax Revenue 6.20%, 12/1/2040 | 250,000 | 260,258 | ||||||
Chicago, IL, Waste Water Transmission Revenue 6.90%, 1/1/2040 | 165,000 | 181,744 | ||||||
Chicago, IL, Water Revenue 6.74%, 11/1/2040 | 60,000 | 65,912 | ||||||
Cook County, IL, General Obligation 6.23%, 11/15/2034 | 160,000 | 160,466 | ||||||
Illinois, State General Obligation: | ||||||||
6.73%, 4/1/2035 | 355,000 | 373,165 | ||||||
7.35%, 7/1/2035 | 265,000 | 291,746 | ||||||
Illinois, State Toll Highway Authority Revenue: | ||||||||
5.85%, 12/1/2034 | 150,000 | 161,402 | ||||||
6.18%, 1/1/2034 | 175,000 | 197,724 | ||||||
2,513,135 | ||||||||
INDIANA — 0.3% | ||||||||
Indianapolis, IN, Public Improvement Revenue 6.12%, 1/15/2040 | 130,000 | 149,644 | ||||||
KANSAS — 0.4% | ||||||||
Kansas, State Department of Transportation, Highway Revenue 4.60%, 9/1/2035 | 175,000 | 172,744 | ||||||
KENTUCKY — 0.5% | ||||||||
Louisville & Jefferson County, KY, Metropolitan Sewer District Revenue 6.25%, 5/15/2043 | 200,000 | 228,748 | ||||||
LOUISIANA — 0.4% | ||||||||
East Baton Rouge, LA, Sewer Commission Revenue 6.09%, 2/1/2045 | 155,000 | 159,532 | ||||||
MARYLAND — 0.5% | ||||||||
Maryland, State Transportation Authority Revenue 5.89%, 7/1/2043 | 180,000 | 202,628 | ||||||
MASSACHUSETTS — 3.1% | ||||||||
Massachusetts, State General Obligation: | ||||||||
Series E 4.20%, 12/1/2021 | 580,000 | 612,521 | ||||||
Series D 4.50%, 8/1/2031 | 15,000 | 14,762 | ||||||
4.91%, 5/1/2029 | 200,000 | 208,850 | ||||||
Massachusetts, State School Building Authority Revenue: | ||||||||
5.45%, 11/1/2040 | 140,000 | 148,326 | ||||||
5.72%, 8/15/2039 | 220,000 | 241,468 | ||||||
Massachusetts, State Water Pollution Abatement Trust 5.19%, 8/1/2040 | 130,000 | 137,758 | ||||||
1,363,685 | ||||||||
MICHIGAN — 0.0% (a) | ||||||||
Michigan, State General Obligation Series B 7.63%, 9/15/2027 | 5,000 | 5,924 | ||||||
MISSOURI — 0.8% | ||||||||
Missouri, State Highways & Transportation Commission, State Road Revenue 5.45%, 5/1/2033 | 50,000 | 53,828 | ||||||
University of Missouri, Revenue: | ||||||||
5.79%, 11/1/2041 | 100,000 | 115,035 | ||||||
5.96%, 11/1/2039 | 145,000 | 166,176 | ||||||
335,039 | ||||||||
NEVADA — 1.2% | ||||||||
Clark County, NV, Airport Revenue: | ||||||||
6.82%, 7/1/2045 | 15,000 | 18,285 | ||||||
6.88%, 7/1/2042 | 345,000 | 365,810 | ||||||
Las Vegas Valley, NV, Water District, General Obligation 7.01%, 6/1/2039 | 125,000 | 134,776 | ||||||
518,871 | ||||||||
NEW JERSEY — 6.9% | ||||||||
New Jersey, State Transportation Trust Revenue: | ||||||||
5.75%, 12/15/2028 | 535,000 | 585,820 | ||||||
6.10%, 12/15/2028 | 275,000 | 292,872 | ||||||
6.56%, 12/15/2040 | 40,000 | 46,984 | ||||||
6.88%, 12/15/2039 | 215,000 | 231,890 | ||||||
New Jersey, State Turnpike Authority Revenue 7.10%, 1/1/2041 | 1,320,000 | 1,680,941 | ||||||
Rutgers University, Revenue 5.67%, 5/1/2040 | 160,000 | 173,976 | ||||||
3,012,483 | ||||||||
See accompanying notes to financial statements.
214
SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
NEW YORK — 14.4% | ||||||||
New York, NY, City Municipal Water Finance Authority, Water & Sewer System Revenue: | ||||||||
5.44%, 6/15/2043 | $ | 310,000 | $ | 334,109 | ||||
5.72%, 6/15/2042 | 245,000 | 273,001 | ||||||
5.75%, 6/15/2041 | 280,000 | 315,650 | ||||||
5.79%, 6/15/2041 | 5,000 | 5,216 | ||||||
5.88%, 6/15/2044 | 30,000 | 34,216 | ||||||
5.95%, 6/15/2042 | 155,000 | 177,938 | ||||||
6.01%, 6/15/2042 | 260,000 | 300,815 | ||||||
6.28%, 6/15/2042 | 5,000 | 5,392 | ||||||
New York, NY, City Transitional Finance Authority Revenue: | ||||||||
5.51%, 8/1/2037 | 35,000 | 38,760 | ||||||
5.57%, 11/1/2038 | 225,000 | 247,167 | ||||||
5.77%, 8/1/2036 | 175,000 | 197,249 | ||||||
6.83%, 7/15/2040 | 215,000 | 253,678 | ||||||
New York, NY, General Obligation: | ||||||||
5.21%, 10/1/2031 | 115,000 | 118,176 | ||||||
5.52%, 10/1/2037 | 285,000 | 298,042 | ||||||
5.85%, 6/1/2040 | 75,000 | 81,982 | ||||||
Series G-1 5.97%, 3/1/2036 | 175,000 | 194,429 | ||||||
5.99%, 12/1/2036 | 150,000 | 166,370 | ||||||
6.25%, 6/1/2035 | 5,000 | 5,322 | ||||||
6.27%, 12/1/2037 | 250,000 | 285,682 | ||||||
6.65%, 12/1/2031 | 5,000 | 5,502 | ||||||
New York, NY, Metropolitan Transportation Authority Revenue: | ||||||||
5.87%, 11/15/2039 | 185,000 | 197,186 | ||||||
6.09%, 11/15/2040 | 170,000 | 190,131 | ||||||
6.55%, 11/15/2031 | 5,000 | 5,719 | ||||||
6.65%, 11/15/2039 | 160,000 | 186,691 | ||||||
6.67%, 11/15/2039 | 180,000 | 210,485 | ||||||
6.69%, 11/15/2040 | 55,000 | 64,420 | ||||||
6.81%, 11/15/2040 | 260,000 | 308,651 | ||||||
New York, NY, Metropolitan Transportation Authority, Dedicated Tax Fund 7.34%, 11/15/2039 | 330,000 | 427,908 | ||||||
New York, State Dormitory Authority, State Personal Income Tax Revenue: | ||||||||
5.29%, 3/15/2033 | 75,000 | 79,964 | ||||||
5.39%, 3/15/2040 | 190,000 | 203,374 | ||||||
5.43%, 3/15/2039 | 25,000 | 26,839 | ||||||
5.50%, 3/15/2030 | 160,000 | 172,392 | ||||||
5.60%, 3/15/2040 | 355,000 | 389,825 | ||||||
5.63%, 3/15/2039 | 60,000 | 65,813 | ||||||
New York, State Urban Development Corp. Revenue: | ||||||||
5.77%, 3/15/2039 | 180,000 | 196,943 | ||||||
Series C 5.84%, 3/15/2040 | 200,000 | 222,634 | ||||||
6,287,671 | ||||||||
NORTH CAROLINA — 0.3% | ||||||||
North Carolina, Turnkpike Authority Revenue Series B 6.70%, 1/1/2039 | 120,000 | 128,989 | ||||||
OHIO — 4.5% | ||||||||
Ohio State University, General Receipts Revenue 4.91%, 6/1/2040 | 315,000 | 315,599 | ||||||
Ohio, American Municipal Power, Inc. Revenue: | ||||||||
5.94%, 2/15/2047 | 230,000 | 233,926 | ||||||
6.05%, 2/15/2043 | 210,000 | 220,557 | ||||||
Series E 6.27%, 2/15/2050 | 5,000 | 5,260 | ||||||
7.50%, 2/15/2050 | 5,000 | 6,105 | ||||||
7.83%, 2/15/2041 | 55,000 | 69,732 | ||||||
Ohio, American Municipal Power, Inc., Revenue: | ||||||||
6.45%, 2/15/2044 | 180,000 | 194,652 | ||||||
8.08%, 2/15/2050 | 440,000 | 580,404 | ||||||
Ohio, Northeast Regional Sewer District, Wastewater Revenue 6.04%, 11/15/2040 | 135,000 | 141,477 | ||||||
Ohio, State Water Development Authority, Water Quality Loan Fund 4.88%, 12/1/2034 | 190,000 | 194,541 | ||||||
1,962,253 | ||||||||
OREGON — 0.5% | ||||||||
Oregon, State Department of Transportation Revenue 5.83%, 11/15/2034 | 185,000 | 209,307 | ||||||
PENNSYLVANIA — 2.4% | ||||||||
Pennsylvania, Commonwealth Financing Authority Revenue 6.22%, 6/1/2039 | 170,000 | 176,164 | ||||||
Pennsylvania, State General Obligation: | ||||||||
4.65%, 2/15/2026 | 135,000 | 139,294 | ||||||
5.35%, 5/1/2030 | 15,000 | 15,722 | ||||||
5.45%, 2/15/2030 | 190,000 | 203,724 | ||||||
5.85%, 7/15/2030 | 80,000 | 86,062 | ||||||
Pennsylvania, Turnpike Commission Revenue: | ||||||||
5.51%, 12/1/2045 | 120,000 | 125,851 | ||||||
5.56%, 12/1/2049 | 170,000 | 178,459 | ||||||
6.11%, 12/1/2039 | 115,000 | 129,458 | ||||||
1,054,734 | ||||||||
SOUTH CAROLINA — 0.5% | ||||||||
South Carolina, State Public Service Authority Revenue Series C 6.45%, 1/1/2050 | 205,000 | 219,096 | ||||||
TENNESSEE — 0.8% | ||||||||
Nashville & Davidson County, TN, Convention Center Authority Revenue 6.73%, 7/1/2043 | 195,000 | 214,771 | ||||||
Nashville & Davidson County, TN, Metropolitan Government General Obligation 5.71%, 7/1/2034 | 135,000 | 143,127 | ||||||
357,898 | ||||||||
See accompanying notes to financial statements.
215
SPDR Nuveen Barclays Build America Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
TEXAS — 10.4% | ||||||||
Dallas County, TX, Hospital District General Obligation 5.62%, 8/15/2044 | $ | 175,000 | $ | 191,609 | ||||
Dallas, TX, Area Rapid Transit, Sales Tax Revenue: | ||||||||
4.92%, 12/1/2041 | 160,000 | 160,189 | ||||||
5.02%, 12/1/2048 | 260,000 | 264,157 | ||||||
6.00%, 12/1/2044 | 235,000 | 270,913 | ||||||
6.25%, 12/1/2034 | 5,000 | 5,383 | ||||||
Dallas, TX, Convention Center Hotel Development Corp. Revenue 7.09%, 1/1/2042 | 185,000 | 209,207 | ||||||
Dallas, TX, Independent School District, General Obligation 6.45%, 2/15/2035 (b) | 270,000 | 300,343 | ||||||
North Texas, Tollway Authority Revenue 6.72%, 1/1/2049 | 480,000 | 572,174 | ||||||
San Antonio, TX, Electric & Gas Revenue: | ||||||||
5.72%, 2/1/2041 | 150,000 | 169,556 | ||||||
5.81%, 2/1/2041 | 50,000 | 56,168 | ||||||
5.99%, 2/1/2039 | 245,000 | 285,364 | ||||||
Texas, State General Obligation: | ||||||||
4.63%, 4/1/2033 | 210,000 | 208,564 | ||||||
4.68%, 4/1/2040 | 395,000 | 389,442 | ||||||
5.52%, 4/1/2039 | 150,000 | 167,787 | ||||||
Texas, State Transportation Commission, Revenue 5.03%, 4/1/2026 | 20,000 | 21,493 | ||||||
Texas, State Transportation Commission, Revenue, Series B 5.18%, 4/1/2030 | 620,000 | 662,606 | ||||||
University of Texas, Revenue: | ||||||||
4.79%, 8/15/2046 | 105,000 | 104,442 | ||||||
5.13%, 8/15/2042 | 220,000 | 228,602 | ||||||
5.26%, 7/1/2039 | 235,000 | 252,331 | ||||||
Series B 6.28%, 8/15/2041 | 5,000 | 5,426 | ||||||
4,525,756 | ||||||||
UTAH — 1.0% | ||||||||
Utah, State General Obligation: | ||||||||
3.54%, 7/1/2025 | 195,000 | 191,092 | ||||||
4.55%, 7/1/2024 | 80,000 | 84,756 | ||||||
Utah, Transport Authority Sales Tax Revenue 5.94%, 6/15/2039 | 160,000 | 180,813 | ||||||
456,661 | ||||||||
VIRGINIA — 0.4% | ||||||||
University of Virginia, Revenue 6.20%, 9/1/2039 | 45,000 | 54,342 | ||||||
Virginia, Commonwealth Transportation Board Revenue 5.35%, 5/15/2035 | 140,000 | 144,553 | ||||||
198,895 | ||||||||
WASHINGTON — 1.7% | ||||||||
Central Puget Sound, WA, Regional Transit Authority, Sales & Use Tax Revenue 5.49%, 11/1/2039 | 160,000 | 172,877 | ||||||
Washington, State Convention Center, Public Facilities Revenue 6.79%, 7/1/2040 | 125,000 | 133,589 | ||||||
Washington, State General Obligation: | ||||||||
5.09%, 8/1/2033 | 70,000 | 72,077 | ||||||
5.14%, 8/1/2040 | 170,000 | 174,660 | ||||||
Series D 5.48%, 8/1/2039 | 190,000 | 201,715 | ||||||
754,918 | ||||||||
TOTAL MUNICIPAL BONDS & NOTES — | ||||||||
(Cost $46,453,875) | 42,915,854 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.6% | ||||||||
MONEY MARKET FUND — 0.6% | ||||||||
State Street Institutional Liquid Reserves Fund 0.06% (c)(d)(e) (Cost $245,773) | 245,773 | 245,773 | ||||||
TOTAL INVESTMENTS — 98.9% (f) | ||||||||
(Cost $46,699,648) | 43,161,627 | |||||||
OTHER ASSETS & LIABILITIES — 1.1% | 469,335 | |||||||
NET ASSETS — 100.0% | $ | 43,630,962 | ||||||
(a) | Amount shown represents less than 0.05% of net assets. | |||||
(b) | Bond is insured by: | |||||
As a % of | ||||||
Insurance Coverage | Net Assets | |||||
Permanent School Fund Guaranteed | 0.69 | % | ||||
(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.
216
SPDR DB International Government Inflation-Protected Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
FOREIGN GOVERNMENT OBLIGATIONS — 99.2% | ||||||||
AUSTRALIA — 4.7% | ||||||||
Commonwealth of Australia: | ||||||||
1.25%, 2/21/2022 | AUD | 9,350,100 | $ | 8,206,353 | ||||
2.00%, 8/21/2035 | AUD | 1,011,700 | 892,169 | |||||
2.50%, 9/20/2030 | AUD | 7,641,200 | 7,393,237 | |||||
3.00%, 9/20/2025 | AUD | 7,831,600 | 7,957,587 | |||||
4.00%, 8/20/2015 | AUD | 5,507,775 | 5,183,313 | |||||
4.00%, 8/20/2020 | AUD | 14,113,800 | 14,737,869 | |||||
44,370,528 | ||||||||
BRAZIL — 4.6% | ||||||||
Federal Republic of Brazil: | ||||||||
6.00%, 5/15/2017 | BRL | 19,984,061 | 8,541,440 | |||||
6.00%, 8/15/2018 | BRL | 11,755,330 | 4,979,515 | |||||
6.00%, 8/15/2022 | BRL | 28,212,792 | 11,709,468 | |||||
6.00%, 8/15/2024 | BRL | 23,510,660 | 9,687,944 | |||||
6.00%, 5/15/2035 | BRL | 20,731,700 | 8,353,651 | |||||
43,272,018 | ||||||||
CANADA — 4.6% | ||||||||
Government of Canada: | ||||||||
1.50%, 12/1/2044 | CAD | 9,576,810 | 9,525,613 | |||||
2.00%, 12/1/2041 | CAD | 4,424,080 | 4,892,554 | |||||
3.00%, 12/1/2036 | CAD | 6,568,785 | 8,417,195 | |||||
4.00%, 12/1/2031 | CAD | 5,384,400 | 7,476,132 | |||||
4.25%, 12/1/2021 | CAD | 5,182,345 | 6,200,865 | |||||
4.25%, 12/1/2026 | CAD | 5,602,440 | 7,359,892 | |||||
43,872,251 | ||||||||
CHILE — 4.6% | ||||||||
Republic of Chile: | ||||||||
3.00%, 5/1/2017 | CLP | 2,913,695,000 | 5,751,810 | |||||
3.00%, 7/1/2017 | CLP | 2,330,956,000 | 4,578,912 | |||||
3.00%, 1/1/2018 | CLP | 2,330,956,001 | 4,596,524 | |||||
3.00%, 3/1/2028 | CLP | 3,030,242,800 | 6,143,587 | |||||
3.00%, 1/1/2030 | CLP | 6,992,868,002 | 14,176,977 | |||||
3.00%, 2/1/2031 | CLP | 2,564,051,600 | 5,274,397 | |||||
5.00%, 1/1/2016 | CLP | 1,748,217,000 | 3,527,309 | |||||
44,049,516 | ||||||||
FRANCE — 17.2% | ||||||||
Republic of France: | ||||||||
1.00%, 7/25/2017 | EUR | 24,823,260 | 36,047,149 | |||||
1.10%, 7/25/2022 | EUR | 2,164,280 | 3,118,558 | |||||
1.60%, 7/25/2015 | EUR | 21,471,120 | 30,673,409 | |||||
1.80%, 7/25/2040 | EUR | 8,911,422 | 13,873,367 | |||||
2.25%, 7/25/2020 | EUR | 24,344,200 | 37,988,124 | |||||
3.15%, 7/25/2032 | EUR | 14,060,418 | 25,925,080 | |||||
3.40%, 7/25/2029 | EUR | 8,728,790 | 16,191,867 | |||||
163,817,554 | ||||||||
GERMANY — 4.7% | ||||||||
Federal Republic of Germany: | ||||||||
0.10%, 4/15/2023 | EUR | 8,779,310 | 11,819,628 | |||||
1.50%, 4/15/2016 | EUR | 11,594,100 | 16,663,056 | |||||
1.75%, 4/15/2020 | EUR | 10,928,700 | 16,672,037 | |||||
45,154,721 | ||||||||
ISRAEL — 4.6% | ||||||||
State of Israel: | ||||||||
2.75%, 8/30/2041 | ILS | 19,298,034 | 5,947,960 | |||||
4.00%, 7/30/2021 | ILS | 48,354,190 | 16,992,578 | |||||
4.00%, 7/31/2024 | ILS | 30,926,025 | 11,014,537 | |||||
5.00%, 4/30/2015 | ILS | 30,742,352 | 9,510,381 | |||||
43,465,456 | ||||||||
ITALY — 4.8% | ||||||||
Republic of Italy: | ||||||||
2.10%, 9/15/2016 | EUR | 3,203,850 | 4,546,201 | |||||
2.10%, 9/15/2017 | EUR | 5,796,650 | 8,197,961 | |||||
2.10%, 9/15/2021 | EUR | 5,403,950 | 7,236,383 | |||||
2.35%, 9/15/2019 | EUR | 2,208,620 | 3,101,952 | |||||
2.35%, 9/15/2035 | EUR | 5,962,750 | 7,417,737 | |||||
2.60%, 9/15/2023 | EUR | 5,694,600 | 7,722,891 | |||||
3.10%, 9/15/2026 | EUR | 5,289,650 | 7,412,781 | |||||
45,635,906 | ||||||||
JAPAN — 4.3% | ||||||||
Japanese Government CPI Linked Bond: | ||||||||
0.10%, 9/10/2023 | JPY | 503,000,000 | 5,001,047 | |||||
1.10%, 12/10/2016 | JPY | 1,402,799,999 | 14,567,872 | |||||
1.40%, 6/10/2018 | JPY | 1,994,000,000 | 21,485,229 | |||||
41,054,148 | ||||||||
MEXICO — 4.9% | ||||||||
United Mexican States: | ||||||||
2.00%, 6/9/2022 | MXN | 182,114,316 | 13,286,531 | |||||
2.50%, 12/10/2020 | MXN | 50,587,310 | 3,917,469 | |||||
4.50%, 11/22/2035 | MXN | 197,290,509 | 16,586,554 | |||||
5.00%, 6/16/2016 | MXN | 151,761,930 | 12,793,765 | |||||
46,584,319 | ||||||||
POLAND — 3.8% | ||||||||
Republic of Poland: | ||||||||
2.75%, 8/25/2023 | PLN | 53,434,523 | 18,691,325 | |||||
3.00%, 8/24/2016 | PLN | 50,734,583 | 17,654,414 | |||||
36,345,739 | ||||||||
SOUTH AFRICA — 4.6% | ||||||||
Republic of South Africa: | ||||||||
2.00%, 1/31/2025 | ZAR | 86,596,240 | 8,390,907 | |||||
2.50%, 1/31/2017 | ZAR | 120,211,100 | 12,268,732 | |||||
2.50%, 12/31/2050 | ZAR | 51,921,165 | 5,165,406 | |||||
3.45%, 12/7/2033 | ZAR | 155,533,769 | 18,249,137 | |||||
44,074,182 | ||||||||
SOUTH KOREA — 3.6% | ||||||||
Republic of South Korea: | ||||||||
2.75%, 3/10/2017 | KRW | 15,036,797,776 | 14,576,401 | |||||
2.75%, 6/10/2020 | KRW | 19,757,738,000 | 19,616,408 | |||||
34,192,809 | ||||||||
SWEDEN — 5.2% | ||||||||
Kingdom of Sweden: | ||||||||
0.25%, 6/1/2022 | SEK | 40,403,720 | 6,004,050 | |||||
0.50%, 6/1/2017 | SEK | 51,889,891 | 8,154,134 | |||||
3.50%, 12/1/2015 | SEK | 58,908,048 | 9,759,637 | |||||
3.50%, 12/1/2028 | SEK | 73,635,060 | 15,256,907 | |||||
4.00%, 12/1/2020 | SEK | 56,444,520 | 10,755,733 | |||||
49,930,461 | ||||||||
See accompanying notes to financial statements.
217
SPDR DB International Government Inflation-Protected Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
TURKEY — 4.2% | ||||||||
Republic of Turkey: | ||||||||
2.00%, 10/26/2022 | TRY | 22,133,160 | $ | 9,139,445 | ||||
2.50%, 5/4/2016 | TRY | 11,132,091 | 5,034,855 | |||||
3.00%, 2/23/2022 | TRY | 22,659,920 | 10,176,134 | |||||
4.00%, 4/1/2020 | TRY | 32,514,175 | 15,576,991 | |||||
39,927,425 | ||||||||
UNITED KINGDOM — 18.8% | ||||||||
United Kingdom Treasury Bond: | ||||||||
0.13%, 3/22/2024 | GBP | 4,156,440 | 6,953,821 | |||||
0.25%, 3/22/2052 | GBP | 4,162,760 | 7,270,893 | |||||
0.38%, 3/22/2062 | GBP | 3,204,450 | 6,117,642 | |||||
0.50%, 3/22/2050 | GBP | 7,082,460 | 13,379,106 | |||||
0.63%, 11/22/2042 | GBP | 3,556,830 | 6,741,555 | |||||
0.75%, 11/22/2047 | GBP | 5,213,406 | 10,451,982 | |||||
1.13%, 11/22/2037 | GBP | 6,227,650 | 12,706,614 | |||||
1.25%, 11/22/2017 | GBP | 7,801,800 | 14,250,075 | |||||
1.25%, 11/22/2027 | GBP | 5,451,642 | 10,439,333 | |||||
1.25%, 11/22/2032 | GBP | 4,640,480 | 9,305,086 | |||||
1.25%, 11/22/2055 | GBP | 5,635,623 | 13,870,315 | |||||
1.88%, 11/22/2022 | GBP | 9,186,375 | 18,096,980 | |||||
2.00%, 1/26/2035 | GBP | 4,320,276 | 9,841,844 | |||||
2.50%, 7/26/2016 | GBP | 3,062,888 | 5,604,248 | |||||
2.50%, 4/16/2020 | GBP | 4,386,749 | 8,630,252 | |||||
4.13%, 7/22/2030 | GBP | 9,252,405 | 25,274,356 | |||||
178,934,102 | ||||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $916,552,129) | 944,681,135 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.6% | ||||||||
MONEY MARKET FUND — 0.6% | ||||||||
State Street Institutional Liquid Reserves Fund 0.06% (a)(b)(c) (Cost $5,915,812) | 5,915,812 | 5,915,812 | ||||||
TOTAL INVESTMENTS — 99.8% (d) | ||||||||
(Cost $922,467,941) | 950,596,947 | |||||||
OTHER ASSETS & LIABILITIES — 0.2% | 1,879,693 | |||||||
NET ASSETS — 100.0% | $ | 952,476,640 | ||||||
(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) |
AUD — Australian Dollar
BRL — Brazilian Real
CAD — Canadian Dollar
CLP — Chilean Peso
EUR — Euro
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.
218
SPDR Barclays Short Term International Treasury Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
FOREIGN GOVERNMENT OBLIGATIONS — 96.6% | ||||||||
AUSTRALIA — 3.3% | ||||||||
Commonwealth of Australia: | ||||||||
4.75%, 10/21/2015 | AUD | 3,450,000 | $ | 3,199,910 | ||||
4.75%, 6/15/2016 | AUD | 3,000,000 | 2,808,913 | |||||
6.25%, 4/15/2015 | AUD | 1,700,000 | 1,592,737 | |||||
6.25%, 4/15/2015 | AUD | 200,000 | 187,381 | |||||
7,788,941 | ||||||||
AUSTRIA — 3.1% | ||||||||
Republic of Austria: | ||||||||
3.50%, 7/15/2015 (a) | EUR | 2,000,000 | 2,892,481 | |||||
4.00%, 9/15/2016 (a) | EUR | 3,000,000 | 4,527,184 | |||||
7,419,665 | ||||||||
BELGIUM — 4.0% | ||||||||
Kingdom of Belgium: | ||||||||
2.75%, 3/28/2016 (a) | EUR | 1,100,000 | 1,594,412 | |||||
3.25%, 9/28/2016 (a) | EUR | 2,000,000 | 2,957,961 | |||||
3.50%, 3/28/2015 (a) | EUR | 2,000,000 | 2,859,493 | |||||
3.75%, 9/28/2015 (a) | EUR | 1,500,000 | 2,191,560 | |||||
9,603,426 | ||||||||
CANADA — 4.5% | ||||||||
Government of Canada: | ||||||||
1.00%, 2/1/2015 | CAD | 1,000,000 | 941,167 | |||||
1.00%, 5/1/2015 | CAD | 1,000,000 | 940,904 | |||||
1.00%, 11/1/2015 | CAD | 1,025,000 | 962,805 | |||||
1.00%, 8/1/2016 | CAD | 1,700,000 | 1,591,600 | |||||
1.25%, 2/1/2016 | CAD | 3,300,000 | 3,113,181 | |||||
1.50%, 8/1/2015 | CAD | 2,250,000 | 2,131,687 | |||||
4.50%, 6/1/2015 | CAD | 1,000,000 | 986,654 | |||||
10,667,998 | ||||||||
DENMARK — 2.8% | ||||||||
Kingdom of Denmark: | ||||||||
2.50%, 11/15/2016 | DKK | 11,500,000 | 2,257,663 | |||||
4.00%, 11/15/2015 | DKK | 22,000,000 | 4,357,829 | |||||
6,615,492 | ||||||||
FRANCE — 4.5% | ||||||||
France Government Bond OAT 0.25%, 11/25/2015 | EUR | 2,500,000 | 3,441,456 | |||||
French Treasury Note: | ||||||||
2.00%, 7/12/2015 | EUR | 1,000,000 | 1,415,008 | |||||
2.25%, 2/25/2016 | EUR | 700,000 | 1,004,015 | |||||
2.50%, 7/25/2016 | EUR | 1,600,000 | 2,320,401 | |||||
Republic of France: | ||||||||
2.50%, 1/15/2015 | EUR | 800,000 | 1,128,486 | |||||
3.00%, 10/25/2015 | EUR | 1,100,000 | 1,590,895 | |||||
10,900,261 | ||||||||
GERMANY — 10.3% | ||||||||
Bundesobligation: | ||||||||
1.75%, 10/9/2015 | EUR | 850,000 | 1,203,079 | |||||
2.00%, 2/26/2016 | EUR | 1,100,000 | 1,572,835 | |||||
Bundesschatzanweisungen: | ||||||||
Zero Coupon, 6/12/2015 (b) | EUR | 1,500,000 | 2,061,275 | |||||
0.25%, 9/11/2015 | EUR | 500,000 | 689,503 | |||||
Federal Republic of Germany: | ||||||||
0.25%, 3/13/2015 | EUR | 2,000,000 | 2,758,558 | |||||
1.25%, 10/14/2016 | EUR | 1,250,000 | 1,765,649 | |||||
2.25%, 4/10/2015 | EUR | 800,000 | 1,131,305 | |||||
2.50%, 2/27/2015 | EUR | 1,300,000 | 1,839,462 | |||||
2.75%, 4/8/2016 | EUR | 2,000,000 | 2,910,935 | |||||
3.25%, 7/4/2015 | EUR | 1,500,000 | 2,162,181 | |||||
3.50%, 1/4/2016 | EUR | 1,600,000 | 2,349,404 | |||||
3.75%, 1/4/2015 | EUR | 1,250,000 | 1,784,579 | |||||
4.00%, 7/4/2016 | EUR | 1,700,000 | 2,558,370 | |||||
24,787,135 | ||||||||
ITALY — 9.8% | ||||||||
Italy Buoni Poliennali Del Tesoro: | ||||||||
2.25%, 5/15/2016 | EUR | 5,000,000 | 7,004,641 | |||||
2.75%, 11/15/2016 | EUR | 500,000 | 707,853 | |||||
Republic of Italy: | ||||||||
Zero Coupon, 6/30/2015 (b) | EUR | 500,000 | 677,116 | |||||
Zero Coupon, 12/31/2015 (b) | EUR | 300,000 | 402,182 | |||||
2.50%, 3/1/2015 | EUR | 800,000 | 1,121,408 | |||||
2.75%, 12/1/2015 | EUR | 470,000 | 665,670 | |||||
3.00%, 4/15/2015 | EUR | 1,500,000 | 2,118,597 | |||||
3.00%, 6/15/2015 | EUR | 1,300,000 | 1,838,984 | |||||
3.00%, 11/1/2015 | EUR | 1,500,000 | 2,132,810 | |||||
3.75%, 8/1/2015 | EUR | 1,100,000 | 1,575,162 | |||||
3.75%, 4/15/2016 | EUR | 1,000,000 | 1,448,087 | |||||
4.25%, 2/1/2015 | EUR | 600,000 | 855,624 | |||||
4.50%, 7/15/2015 | EUR | 1,300,000 | 1,880,358 | |||||
4.75%, 9/15/2016 | EUR | 700,000 | 1,040,955 | |||||
23,469,447 | ||||||||
JAPAN — 22.9% | ||||||||
Government of Japan 2 Year Bond: | ||||||||
0.10%, 3/15/2015 | JPY | 400,000,000 | 3,805,787 | |||||
0.10%, 5/15/2015 | JPY | 200,000,000 | 1,902,781 | |||||
0.10%, 9/15/2015 | JPY | 300,000,000 | 2,853,703 | |||||
0.10%, 10/15/2015 | JPY | 300,000,000 | 2,853,564 | |||||
0.10%, 11/15/2015 | JPY | 160,000,000 | 1,521,817 | |||||
0.10%, 12/15/2015 | JPY | 300,000,000 | 2,853,244 | |||||
0.20%, 6/15/2015 | JPY | 290,000,000 | 2,762,923 | |||||
Government of Japan 5 Year Bond: | ||||||||
0.30%, 6/20/2015 | JPY | 230,000,000 | 2,194,492 | |||||
0.30%, 6/20/2016 | JPY | 500,000,000 | 4,776,747 | |||||
0.30%, 9/20/2016 | JPY | 500,000,000 | 4,777,874 | |||||
0.40%, 6/20/2015 | JPY | 160,000,000 | 1,528,824 | |||||
0.40%, 9/20/2015 | JPY | 550,000,000 | 5,258,535 | |||||
0.40%, 6/20/2016 | JPY | 200,000,000 | 1,915,370 | |||||
0.50%, 3/20/2015 | JPY | 125,000,000 | 1,195,047 | |||||
0.60%, 12/20/2015 | JPY | 350,000,000 | 3,361,342 | |||||
Government of Japan 10 Year Bond: | ||||||||
0.30%, 12/20/2016 | JPY | 350,000,000 | 3,345,221 | |||||
1.30%, 3/20/2015 | JPY | 330,000,000 | 3,185,243 | |||||
1.80%, 3/20/2016 | JPY | 485,000,000 | 4,784,747 | |||||
54,877,261 | ||||||||
See accompanying notes to financial statements.
219
SPDR Barclays Short Term International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
MEXICO — 3.0% | ||||||||
Mexican Bonos: | ||||||||
6.00%, 6/18/2015 | MXN | 25,500,000 | $ | 2,009,559 | ||||
6.25%, 6/16/2016 | MXN | 23,000,000 | 1,844,055 | |||||
8.00%, 12/17/2015 | MXN | 20,000,000 | 1,646,619 | |||||
United Mexican States 7.25%, 12/15/2016 | MXN | 20,000,000 | 1,643,445 | |||||
7,143,678 | ||||||||
NETHERLANDS — 4.5% | ||||||||
Kingdom of the Netherlands: | ||||||||
0.75%, 4/15/2015 | EUR | 1,250,000 | 1,734,411 | |||||
2.75%, 1/15/2015 (a) | EUR | 1,250,000 | 1,767,565 | |||||
3.25%, 7/15/2015 (a) | EUR | 2,100,000 | 3,026,442 | |||||
4.00%, 7/15/2016 (a) | EUR | 700,000 | 1,051,623 | |||||
Netherlands Government Bond Zero Coupon, 4/15/2016 (a)(b) | EUR | 2,400,000 | 3,278,456 | |||||
10,858,497 | ||||||||
POLAND — 3.3% | ||||||||
Poland Government Bond: | ||||||||
Zero Coupon, 7/25/2015 (b) | PLN | 1,200,000 | 381,057 | |||||
Zero Coupon, 1/25/2016 (b) | PLN | 5,300,000 | 1,651,063 | |||||
4.75%, 10/25/2016 | PLN | 4,000,000 | 1,377,322 | |||||
5.00%, 4/25/2016 | PLN | 5,000,000 | 1,726,623 | |||||
5.50%, 4/25/2015 | PLN | 3,000,000 | 1,029,299 | |||||
6.25%, 10/24/2015 | PLN | 5,250,000 | 1,843,883 | |||||
8,009,247 | ||||||||
SINGAPORE — 2.5% | ||||||||
Government of Singapore: | ||||||||
0.25%, 2/1/2015 | SGD | 1,500,000 | 1,186,971 | |||||
1.13%, 4/1/2016 | SGD | 2,500,000 | 2,015,135 | |||||
2.88%, 7/1/2015 | SGD | 1,700,000 | 1,397,226 | |||||
3.75%, 9/1/2016 | SGD | 1,650,000 | 1,422,219 | |||||
6,021,551 | ||||||||
SOUTH AFRICA — 2.2% | ||||||||
South Africa Government Bond: | ||||||||
8.75%, 12/21/2014 | ZAR | 10,000,000 | 988,089 | |||||
13.50%, 9/15/2015 | ZAR | 41,000,000 | 4,371,725 | |||||
5,359,814 | ||||||||
SOUTH KOREA — 4.2% | ||||||||
Korea Treasury Bond: | ||||||||
2.75%, 12/10/2015 | KRW | 750,000,000 | 710,105 | |||||
2.75%, 6/10/2016 | KRW | 3,100,000,000 | 2,932,080 | |||||
2.76%, 6/2/2015 | KRW | 1,000,000,000 | 947,793 | |||||
2.80%, 8/2/2015 | KRW | 175,000,000 | 165,956 | |||||
2.81%, 10/2/2015 | KRW | 1,450,000,000 | 1,375,275 | |||||
3.25%, 6/10/2015 | KRW | 4,000,000,000 | 3,816,989 | |||||
9,948,198 | ||||||||
SPAIN — 4.5% | ||||||||
Kingdom of Spain: | ||||||||
2.75%, 3/31/2015 | EUR | 1,000,000 | 1,404,364 | |||||
3.00%, 4/30/2015 | EUR | 1,100,000 | 1,551,455 | |||||
3.30%, 7/30/2016 | EUR | 2,000,000 | 2,850,228 | |||||
3.75%, 10/31/2015 | EUR | 1,500,000 | 2,152,929 | |||||
4.00%, 7/30/2015 | EUR | 1,200,000 | 1,715,431 | |||||
4.25%, 10/31/2016 | EUR | 750,000 | 1,098,777 | |||||
10,773,184 | ||||||||
SWEDEN — 2.7% | ||||||||
Kingdom of Sweden: | ||||||||
3.00%, 7/12/2016 | SEK | 17,000,000 | 2,771,022 | |||||
4.50%, 8/12/2015 | SEK | 22,000,000 | 3,623,618 | |||||
6,394,640 | ||||||||
UNITED KINGDOM — 4.5% | ||||||||
United Kingdom Treasury Bond: | ||||||||
2.00%, 1/22/2016 | GBP | 1,800,000 | 3,055,541 | |||||
2.75%, 1/22/2015 | GBP | 1,000,000 | 1,695,025 | |||||
4.00%, 9/7/2016 | GBP | 1,500,000 | 2,685,086 | |||||
4.75%, 9/7/2015 | GBP | 1,650,000 | 2,922,850 | |||||
8.00%, 12/7/2015 | GBP | 185,000 | 350,079 | |||||
10,708,581 | ||||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $233,487,935) | 231,347,016 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Liquid Reserves Fund 0.06% (c)(d)(e) (Cost $270,210) | 270,210 | 270,210 | ||||||
TOTAL INVESTMENTS — 96.7% (f) | ||||||||
(Cost $233,758,145) | 231,617,226 | |||||||
OTHER ASSETS & LIABILITIES — 3.3% | 7,910,989 | |||||||
NET ASSETS — 100.0% | $ | 239,528,215 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 10.9% of net assets as of December 31, 2013, 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
GBP — Great British Pound
JPY — Japanese Yen
KRW — South Korean Won
See accompanying notes to financial statements.
220
SPDR Barclays Short Term International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
MXN — Mexican Peso
PLN — Polish Zloty
SEK — Swedish Krona
SGD — Singapore Dollar
ZAR — South African Rand
See accompanying notes to financial statements.
221
SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
FOREIGN GOVERNMENT OBLIGATIONS — 97.9% | ||||||||
AUSTRALIA — 4.1% | ||||||||
Commonwealth of Australia: | ||||||||
2.75%, 4/21/2024 | AUD | 5,000,000 | $ | 3,920,444 | ||||
3.25%, 10/21/2018 | AUD | 250,000 | 222,335 | |||||
3.25%, 4/21/2025 | AUD | 6,500,000 | 5,259,404 | |||||
3.25%, 4/21/2029 | AUD | 2,750,000 | 2,086,151 | |||||
4.25%, 7/21/2017 | AUD | 14,000,000 | 13,012,196 | |||||
4.50%, 4/15/2020 | AUD | 6,250,000 | 5,848,381 | |||||
4.50%, 4/21/2033 | AUD | 2,000,000 | 1,721,288 | |||||
4.75%, 10/21/2015 | AUD | 3,000,000 | 2,782,530 | |||||
4.75%, 6/15/2016 | AUD | 7,050,000 | 6,600,947 | |||||
4.75%, 4/21/2027 | AUD | 2,400,000 | 2,205,175 | |||||
5.25%, 3/15/2019 | AUD | 5,830,000 | 5,654,405 | |||||
5.50%, 1/21/2018 | AUD | 7,100,000 | 6,899,365 | |||||
5.50%, 4/21/2023 | AUD | 5,300,000 | 5,238,283 | |||||
5.75%, 5/15/2021 | AUD | 6,350,000 | 6,355,704 | |||||
5.75%, 7/15/2022 | AUD | 3,500,000 | 3,509,312 | |||||
5.75%, 7/15/2022 | AUD | 2,100,000 | 2,105,587 | |||||
6.00%, 2/15/2017 | AUD | 4,300,000 | 4,194,069 | |||||
6.25%, 4/15/2015 | AUD | 2,000,000 | 1,873,808 | |||||
6.25%, 4/15/2015 | AUD | 4,000,000 | 3,747,616 | |||||
83,237,000 | ||||||||
AUSTRIA — 4.3% | ||||||||
Republic of Austria: | ||||||||
1.15%, 10/19/2018 (a) | EUR | 3,000,000 | 4,140,091 | |||||
1.75%, 10/20/2023 (a) | EUR | 3,300,000 | 4,339,898 | |||||
1.95%, 6/18/2019 (a) | EUR | 3,000,000 | 4,272,680 | |||||
2.40%, 5/23/2034 (a) | EUR | 1,000,000 | 1,269,115 | |||||
3.15%, 6/20/2044 (a) | EUR | 2,000,000 | 2,834,442 | |||||
3.20%, 2/20/2017 (a) | EUR | 4,200,000 | 6,256,456 | |||||
3.40%, 11/22/2022 (a) | EUR | 2,950,000 | 4,482,031 | |||||
3.50%, 7/15/2015 (a) | EUR | 2,400,000 | 3,470,978 | |||||
3.50%, 9/15/2021 (a) | EUR | 4,500,000 | 6,916,218 | |||||
3.65%, 4/20/2022 (a) | EUR | 1,500,000 | 2,324,310 | |||||
3.65%, 4/20/2022 (a) | EUR | 375,000 | 581,077 | |||||
3.80%, 1/26/2062 (a) | EUR | 1,000,000 | 1,650,177 | |||||
3.90%, 7/15/2020 (a) | EUR | 4,600,000 | 7,243,525 | |||||
4.00%, 9/15/2016 (a) | EUR | 4,200,000 | 6,338,058 | |||||
4.15%, 3/15/2037 (a) | EUR | 3,600,000 | 5,934,139 | |||||
4.30%, 9/15/2017 (a) | EUR | 6,000,000 | 9,329,269 | |||||
4.65%, 1/15/2018 (a) | EUR | 5,000,000 | 7,921,832 | |||||
4.85%, 3/15/2026 (a) | EUR | 1,700,000 | 2,901,391 | |||||
6.25%, 7/15/2027 | EUR | 2,915,000 | 5,649,480 | |||||
87,855,167 | ||||||||
BELGIUM — 4.5% | ||||||||
Kingdom of Belgium: | ||||||||
1.25%, 6/22/2018 | EUR | 4,500,000 | 6,215,183 | |||||
2.25%, 6/22/2023 | EUR | 3,500,000 | 4,698,756 | |||||
2.75%, 3/28/2016 (a) | EUR | 1,600,000 | 2,319,144 | |||||
3.00%, 9/28/2019 | EUR | 1,300,000 | 1,927,458 | |||||
3.25%, 9/28/2016 (a) | EUR | 2,925,000 | 4,326,019 | |||||
3.50%, 3/28/2015 (a) | EUR | 2,000,000 | 2,859,493 | |||||
3.50%, 6/28/2017 (a) | EUR | 5,900,000 | 8,875,528 | |||||
3.75%, 9/28/2015 (a) | EUR | 2,700,000 | 3,944,808 | |||||
3.75%, 6/22/2045 | EUR | 1,000,000 | 1,420,025 | |||||
4.00%, 3/28/2017 (a) | EUR | 500,000 | 760,904 | |||||
4.00%, 3/28/2018 (a) | EUR | 250,000 | 386,060 | |||||
4.00%, 3/28/2019 | EUR | 3,380,000 | 5,266,759 | |||||
4.00%, 3/28/2022 | EUR | 5,500,000 | 8,560,622 | |||||
4.00%, 3/28/2032 | EUR | 3,000,000 | 4,540,619 | |||||
4.25%, 9/28/2021 (a) | EUR | 3,750,000 | 5,958,219 | |||||
4.25%, 9/28/2022 | EUR | 3,000,000 | 4,739,333 | |||||
4.25%, 3/28/2041 (a) | EUR | 2,700,000 | 4,241,701 | |||||
4.50%, 3/28/2026 (a) | EUR | 1,200,000 | 1,923,817 | |||||
5.00%, 3/28/2035 (a) | EUR | 3,500,000 | 6,002,148 | |||||
5.50%, 9/28/2017 (a) | EUR | 4,700,000 | 7,567,630 | |||||
5.50%, 3/28/2028 | EUR | 3,020,000 | 5,334,342 | |||||
91,868,568 | ||||||||
CANADA — 4.4% | ||||||||
Government of Canada: | ||||||||
1.00%, 2/1/2015 | CAD | 650,000 | 611,759 | |||||
1.00%, 5/1/2015 | CAD | 4,000,000 | 3,763,614 | |||||
1.00%, 11/1/2015 | CAD | 6,000,000 | 5,635,934 | |||||
1.00%, 8/1/2016 | CAD | 1,800,000 | 1,685,224 | |||||
1.25%, 3/1/2018 | CAD | 2,500,000 | 2,299,859 | |||||
1.25%, 9/1/2018 | CAD | 4,100,000 | 3,737,657 | |||||
1.50%, 8/1/2015 | CAD | 3,000,000 | 2,842,249 | |||||
1.50%, 3/1/2017 | CAD | 3,900,000 | 3,684,426 | |||||
1.50%, 9/1/2017 | CAD | 3,500,000 | 3,276,329 | |||||
1.50%, 6/1/2023 | CAD | 4,200,000 | 3,538,673 | |||||
1.75%, 3/1/2019 | CAD | 2,000,000 | 1,853,007 | |||||
2.00%, 6/1/2016 | CAD | 2,000,000 | 1,920,019 | |||||
2.50%, 6/1/2024 | CAD | 3,000,000 | 2,727,388 | |||||
2.75%, 9/1/2016 | CAD | 2,800,000 | 2,738,967 | |||||
2.75%, 6/1/2022 | CAD | 3,600,000 | 3,411,004 | |||||
3.25%, 6/1/2021 | CAD | 3,000,000 | 2,981,026 | |||||
3.50%, 6/1/2020 | CAD | 3,000,000 | 3,035,802 | |||||
3.50%, 12/1/2045 | CAD | 3,000,000 | 2,962,645 | |||||
3.75%, 6/1/2019 | CAD | 3,575,000 | 3,651,614 | |||||
4.00%, 6/1/2016 | CAD | 7,530,000 | 7,564,727 | |||||
4.00%, 6/1/2041 | CAD | 4,200,000 | 4,494,494 | |||||
4.25%, 6/1/2018 | CAD | 1,500,000 | 1,555,341 | |||||
4.50%, 6/1/2015 | CAD | 4,750,000 | 4,686,607 | |||||
5.00%, 6/1/2037 | CAD | 4,750,000 | 5,777,922 | |||||
5.75%, 6/1/2029 | CAD | 3,490,000 | 4,363,929 | |||||
5.75%, 6/1/2033 | CAD | 2,000,000 | 2,582,513 | |||||
8.00%, 6/1/2027 | CAD | 1,000,000 | 1,460,141 | |||||
88,842,870 | ||||||||
DENMARK — 3.5% | ||||||||
Kingdom of Denmark: | ||||||||
1.50%, 11/15/2023 | DKK | 36,000,000 | 6,364,887 | |||||
2.50%, 11/15/2016 | DKK | 24,500,000 | 4,809,803 | |||||
3.00%, 11/15/2021 | DKK | 50,000,000 | 10,195,601 | |||||
4.00%, 11/15/2015 | DKK | 40,000,000 | 7,923,326 | |||||
4.00%, 11/15/2017 | DKK | 41,100,000 | 8,581,892 | |||||
4.00%, 11/15/2019 | DKK | 55,000,000 | 11,767,893 | |||||
4.50%, 11/15/2039 | DKK | 72,000,000 | 17,730,477 | |||||
7.00%, 11/10/2024 | DKK | 13,300,000 | 3,666,026 | |||||
71,039,905 | ||||||||
FRANCE — 4.5% | ||||||||
France Government Bond OAT 0.25%, 11/25/2015 | EUR | 4,750,000 | 6,538,767 |
See accompanying notes to financial statements.
222
SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
French Treasury Note: | ||||||||
1.00%, 7/25/2017 | EUR | 2,000,000 | $ | 2,779,049 | ||||
1.75%, 2/25/2017 | EUR | 1,000,000 | 1,426,453 | |||||
2.00%, 7/12/2015 | EUR | 5,300,000 | 7,499,543 | |||||
2.25%, 2/25/2016 | EUR | 4,000,000 | 5,737,230 | |||||
Republic of France: | ||||||||
1.75%, 5/25/2023 | EUR | 4,000,000 | 5,227,610 | |||||
2.25%, 10/25/2022 | EUR | 1,000,000 | 1,379,015 | |||||
2.50%, 1/15/2015 | EUR | 3,030,000 | 4,274,139 | |||||
2.50%, 10/25/2020 | EUR | 4,600,000 | 6,660,187 | |||||
2.75%, 10/25/2027 | EUR | 3,500,000 | 4,719,567 | |||||
3.25%, 10/25/2021 | EUR | 4,500,000 | 6,771,132 | |||||
3.50%, 4/25/2020 | EUR | 5,000,000 | 7,682,757 | |||||
3.75%, 10/25/2019 | EUR | 4,030,000 | 6,261,761 | |||||
3.75%, 4/25/2021 | EUR | 3,000,000 | 4,670,157 | |||||
4.00%, 10/25/2038 | EUR | 2,000,000 | 3,066,489 | |||||
4.00%, 4/25/2060 | EUR | 1,150,000 | 1,766,242 | |||||
4.25%, 10/25/2018 | EUR | 2,500,000 | 3,939,981 | |||||
4.50%, 4/25/2041 | EUR | 2,550,000 | 4,221,866 | |||||
4.75%, 4/25/2035 | EUR | 1,000,000 | 1,696,435 | |||||
5.00%, 10/25/2016 | EUR | 270,000 | 418,777 | |||||
5.50%, 4/25/2029 | EUR | 3,250,000 | 5,842,437 | |||||
6.00%, 10/25/2025 | EUR | 100,000 | 183,618 | |||||
92,763,212 | ||||||||
GERMANY — 4.5% | ||||||||
Federal Republic of Germany: | ||||||||
0.25%, 3/13/2015 | EUR | 2,500,000 | 3,448,198 | |||||
0.25%, 4/13/2018 | EUR | 1,000,000 | 1,346,390 | |||||
0.50%, 4/7/2017 | EUR | 1,200,000 | 1,654,846 | |||||
0.50%, 10/13/2017 | EUR | 1,700,000 | 2,331,781 | |||||
0.50%, 2/23/2018 | EUR | 4,000,000 | 5,459,337 | |||||
0.75%, 2/24/2017 | EUR | 1,000,000 | 1,391,026 | |||||
1.00%, 10/12/2018 | EUR | 1,000,000 | 1,381,696 | |||||
1.25%, 10/14/2016 | EUR | 750,000 | 1,059,390 | |||||
1.50%, 9/4/2022 | EUR | 1,300,000 | 1,753,894 | |||||
1.50%, 2/15/2023 | EUR | 2,500,000 | 3,342,217 | |||||
1.50%, 5/15/2023 | EUR | 500,000 | 664,971 | |||||
1.75%, 7/4/2022 | EUR | 2,200,000 | 3,039,077 | |||||
2.00%, 8/15/2023 | EUR | 1,000,000 | 1,384,922 | |||||
2.25%, 4/10/2015 | EUR | 3,330,000 | 4,709,059 | |||||
2.50%, 1/4/2021 | EUR | 2,000,000 | 2,956,291 | |||||
2.50%, 7/4/2044 | EUR | 1,500,000 | 1,959,537 | |||||
2.75%, 4/8/2016 | EUR | 600,000 | 873,280 | |||||
3.00%, 7/4/2020 | EUR | 2,150,000 | 3,277,696 | |||||
3.25%, 7/4/2021 | EUR | 2,650,000 | 4,104,043 | |||||
3.25%, 7/4/2042 | EUR | 1,200,000 | 1,814,237 | |||||
3.50%, 1/4/2016 | EUR | 3,900,000 | 5,726,672 | |||||
3.50%, 7/4/2019 | EUR | 5,000,000 | 7,783,244 | |||||
3.75%, 1/4/2015 | EUR | 2,700,000 | 3,854,691 | |||||
4.00%, 7/4/2016 | EUR | 4,150,000 | 6,245,432 | |||||
4.00%, 1/4/2037 | EUR | 2,550,000 | 4,250,015 | |||||
4.25%, 7/4/2017 | EUR | 2,090,000 | 3,250,847 | |||||
4.25%, 7/4/2018 | EUR | 200,000 | 317,422 | |||||
4.25%, 7/4/2039 | EUR | 800,000 | 1,401,659 | |||||
4.75%, 7/4/2034 | EUR | 500,000 | 908,179 | |||||
4.75%, 7/4/2040 | EUR | 200,000 | 378,122 | |||||
5.50%, 1/4/2031 | EUR | 2,350,000 | 4,507,364 | |||||
5.63%, 1/4/2028 | EUR | 3,115,000 | 5,915,914 | |||||
92,491,449 | ||||||||
ITALY — 11.0% | ||||||||
Republic of Italy: | ||||||||
2.75%, 12/1/2015 | EUR | 2,300,000 | 3,257,533 | |||||
3.00%, 6/15/2015 | EUR | 4,600,000 | 6,507,174 | |||||
3.00%, 11/1/2015 | EUR | 2,100,000 | 2,985,933 | |||||
3.50%, 11/1/2017 | EUR | 9,000,000 | 12,941,893 | |||||
3.50%, 6/1/2018 | EUR | 9,000,000 | 12,903,647 | |||||
3.50%, 12/1/2018 | EUR | 2,000,000 | 2,857,867 | |||||
3.75%, 4/15/2016 | EUR | 4,000,000 | 5,792,349 | |||||
3.75%, 8/1/2016 | EUR | 5,000,000 | 7,253,567 | |||||
3.75%, 3/1/2021 | EUR | 1,980,000 | 2,793,946 | |||||
3.75%, 8/1/2021 | EUR | 2,600,000 | 3,667,578 | |||||
4.00%, 2/1/2017 | EUR | 4,000,000 | 5,847,858 | |||||
4.00%, 9/1/2020 | EUR | 3,000,000 | 4,340,541 | |||||
4.00%, 2/1/2037 | EUR | 2,765,000 | 3,501,563 | |||||
4.25%, 2/1/2015 | EUR | 1,500,000 | 2,139,060 | |||||
4.25%, 2/1/2019 | EUR | 1,750,000 | 2,580,934 | |||||
4.25%, 9/1/2019 | EUR | 2,350,000 | 3,458,701 | |||||
4.25%, 3/1/2020 | EUR | 1,500,000 | 2,195,900 | |||||
4.50%, 7/15/2015 | EUR | 3,000,000 | 4,339,288 | |||||
4.50%, 2/1/2018 | EUR | 1,000,000 | 1,488,274 | |||||
4.50%, 8/1/2018 | EUR | 1,475,000 | 2,203,061 | |||||
4.50%, 3/1/2019 | EUR | 2,250,000 | 3,350,278 | |||||
4.50%, 2/1/2020 | EUR | 1,750,000 | 2,593,145 | |||||
4.50%, 5/1/2023 | EUR | 5,500,000 | 7,933,406 | |||||
4.50%, 3/1/2024 | EUR | 2,000,000 | 2,858,694 | |||||
4.50%, 3/1/2026 | EUR | 5,500,000 | 7,833,367 | |||||
4.75%, 9/15/2016 | EUR | 5,000,000 | 7,435,395 | |||||
4.75%, 5/1/2017 | EUR | 5,000,000 | 7,471,242 | |||||
4.75%, 6/1/2017 | EUR | 5,000,000 | 7,466,874 | |||||
4.75%, 9/1/2021 | EUR | 2,400,000 | 3,581,087 | |||||
4.75%, 8/1/2023 (a) | EUR | 1,475,000 | 2,170,440 | |||||
4.75%, 9/1/2028 (a) | EUR | 4,500,000 | 6,433,922 | |||||
4.75%, 9/1/2044 (a) | EUR | 1,500,000 | 2,042,824 | |||||
5.00%, 3/1/2022 | EUR | 5,000,000 | 7,530,046 | |||||
5.00%, 3/1/2025 (a) | EUR | 4,000,000 | 5,912,296 | |||||
5.00%, 8/1/2034 | EUR | 5,000,000 | 7,155,623 | |||||
5.00%, 8/1/2039 | EUR | 1,500,000 | 2,135,546 | |||||
5.00%, 9/1/2040 | EUR | 3,500,000 | 4,968,955 | |||||
5.25%, 8/1/2017 | EUR | 6,000,000 | 9,121,982 | |||||
5.25%, 11/1/2029 | EUR | 1,750,000 | 2,601,672 | |||||
5.50%, 9/1/2022 | EUR | 4,250,000 | 6,566,653 | |||||
5.50%, 11/1/2022 | EUR | 7,000,000 | 10,855,211 | |||||
5.75%, 2/1/2033 | EUR | 4,000,000 | 6,278,489 | |||||
6.00%, 5/1/2031 | EUR | 1,250,000 | 2,005,433 | |||||
6.50%, 11/1/2027 | EUR | 2,885,000 | 4,809,054 | |||||
224,168,301 | ||||||||
JAPAN — 22.5% | ||||||||
Government of Japan 2 Year Bond: | ||||||||
0.10%, 1/15/2015 | JPY | 1,000,000,000 | 9,514,876 | |||||
0.10%, 4/15/2015 | JPY | 400,000,000 | 3,805,680 | |||||
0.10%, 9/15/2015 | JPY | 1,100,000,000 | 10,463,579 | |||||
0.10%, 12/15/2015 | JPY | 500,000,000 | 4,755,407 | |||||
0.10%, 10/15/2015 | JPY | 200,000,000 | 1,902,376 |
See accompanying notes to financial statements.
223
SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Government of Japan 5 Year Bond: | ||||||||
0.40%, 6/20/2016 | JPY | 400,000,000 | $ | 3,830,741 | ||||
0.20%, 9/20/2018 (b) | JPY | 800,000,000 | 7,598,078 | |||||
0.40%, 3/20/2018 | JPY | 550,000,000 | 5,275,044 | |||||
0.30%, 6/20/2018 | JPY | 300,000,000 | 2,864,082 | |||||
0.50%, 3/20/2015 | JPY | 660,000,000 | 6,309,846 | |||||
0.30%, 3/20/2017 | JPY | 400,000,000 | 3,823,205 | |||||
0.30%, 6/20/2016 | JPY | 415,000,000 | 3,964,700 | |||||
0.20%, 12/20/2017 | JPY | 950,000,000 | 9,040,885 | |||||
0.30%, 3/20/2018 | JPY | 600,000,000 | 5,730,624 | |||||
0.50%, 3/20/2016 | JPY | 600,000,000 | 5,755,684 | |||||
0.40%, 6/20/2018 | JPY | 200,000,000 | 1,917,829 | |||||
0.10%, 12/20/2017 | JPY | 500,000,000 | 4,739,603 | |||||
0.20%, 6/20/2017 | JPY | 900,000,000 | 8,572,045 | |||||
0.20%, 9/20/2017 | JPY | 700,000,000 | 6,664,602 | |||||
0.60%, 12/20/2015 | JPY | 459,750,000 | 4,415,363 | |||||
0.20%, 12/20/2018 | JPY | 500,000,000 | 4,744,907 | |||||
0.40%, 6/20/2015 | JPY | 400,000,000 | 3,822,060 | |||||
0.10%, 3/20/2018 | JPY | 540,000,000 | 5,114,533 | |||||
Government of Japan 10 Year Bond: | ||||||||
1.70%, 9/20/2016 | JPY | 777,000,000 | 7,704,479 | |||||
1.00%, 9/20/2020 | JPY | 315,000,000 | 3,109,313 | |||||
0.60%, 12/20/2023 | JPY | 500,000,000 | 4,694,720 | |||||
0.80%, 6/20/2023 | JPY | 500,000,000 | 4,799,834 | |||||
0.90%, 6/20/2022 | JPY | 400,000,000 | 3,891,697 | |||||
1.10%, 9/20/2021 | JPY | 715,000,000 | 7,082,741 | |||||
0.80%, 6/20/2022 | JPY | 199,950,000 | 1,929,709 | |||||
1.20%, 6/20/2021 | JPY | 625,000,000 | 6,240,266 | |||||
0.90%, 3/20/2022 | JPY | 185,000,000 | 1,801,696 | |||||
1.60%, 12/20/2015 | JPY | 409,500,000 | 4,009,032 | |||||
1.30%, 3/20/2020 | JPY | 600,000,000 | 6,034,554 | |||||
1.00%, 12/20/2021 | JPY | 250,000,000 | 2,455,537 | |||||
1.80%, 6/20/2017 | JPY | 300,000,000 | 3,014,842 | |||||
1.70%, 3/20/2017 | JPY | 680,000,000 | 6,789,137 | |||||
0.80%, 9/20/2020 | JPY | 400,000,000 | 3,898,064 | |||||
1.70%, 12/20/2016 | JPY | 745,100,000 | 7,414,562 | |||||
1.30%, 12/20/2019 | JPY | 527,000,000 | 5,298,465 | |||||
1.30%, 3/20/2021 | JPY | 275,000,000 | 2,765,628 | |||||
1.20%, 12/20/2020 | JPY | 500,000,000 | 4,996,613 | |||||
1.50%, 6/20/2018 | JPY | 240,000,000 | 2,412,810 | |||||
0.80%, 9/20/2023 (b) | JPY | 1,500,000,000 | 14,379,035 | |||||
1.70%, 9/20/2017 | JPY | 648,000,000 | 6,511,141 | |||||
0.30%, 12/20/2016 | JPY | 1,135,000,000 | 10,848,075 | |||||
0.70%, 12/20/2022 | JPY | 650,000,000 | 6,202,263 | |||||
1.30%, 3/20/2018 | JPY | 300,000,000 | 2,984,841 | |||||
1.50%, 12/20/2017 | JPY | 500,000,000 | 5,002,222 | |||||
1.90%, 6/20/2016 | JPY | 202,600,000 | 2,011,267 | |||||
1.00%, 3/20/2022 | JPY | 400,000,000 | 3,925,990 | |||||
0.60%, 3/20/2023 | JPY | 1,520,000,000 | 14,353,280 | |||||
0.80%, 12/20/2022 | JPY | 350,000,000 | 3,368,598 | |||||
0.80%, 9/20/2022 | JPY | 400,000,000 | 3,855,234 | |||||
1.50%, 9/20/2015 | JPY | 625,000,000 | 6,087,199 | |||||
Government of Japan 20 Year Bond: | ||||||||
2.20%, 3/20/2031 | JPY | 400,000,000 | 4,299,822 | |||||
2.10%, 9/21/2021 | JPY | 650,000,000 | 6,904,972 | |||||
2.90%, 9/20/2019 | JPY | 400,000,000 | 4,361,425 | |||||
2.10%, 9/20/2025 | JPY | 480,000,000 | 5,209,638 | |||||
2.10%, 9/20/2029 | JPY | 457,750,000 | 4,907,635 | |||||
1.90%, 9/20/2030 | JPY | 231,000,000 | 2,393,620 | |||||
1.90%, 3/20/2031 | JPY | 55,000,000 | 567,196 | |||||
1.80%, 9/20/2030 | JPY | 251,350,000 | 2,568,692 | |||||
2.30%, 6/20/2027 | JPY | 1,696,200,000 | 18,810,641 | |||||
1.80%, 9/20/2031 | JPY | 260,000,000 | 2,628,341 | |||||
1.90%, 9/20/2022 | JPY | 750,000,000 | 7,892,172 | |||||
2.10%, 12/20/2030 | JPY | 150,000,000 | 1,593,922 | |||||
1.50%, 3/20/2033 | JPY | 260,000,000 | 2,459,592 | |||||
2.60%, 3/20/2019 | JPY | 468,300,000 | 4,991,386 | |||||
0.30%, 9/20/2018 | JPY | 900,000,000 | 8,587,904 | |||||
1.70%, 9/20/2033 | JPY | 930,000,000 | 9,031,596 | |||||
1.70%, 9/20/2032 | JPY | 500,000,000 | 4,918,753 | |||||
2.10%, 9/20/2024 | JPY | 200,000,000 | 2,161,593 | |||||
1.80%, 12/20/2031 | JPY | 535,000,000 | 5,392,406 | |||||
1.60%, 3/20/2032 | JPY | 20,000,000 | 194,947 | |||||
1.90%, 12/20/2023 | JPY | 335,000,000 | 3,542,675 | |||||
1.70%, 12/20/2032 | JPY | 700,000,000 | 6,864,249 | |||||
1.90%, 3/20/2029 | JPY | 404,300,000 | 4,240,532 | |||||
Government of Japan 30 Year Bond: | ||||||||
2.00%, 9/20/2040 | JPY | 332,200,000 | 3,363,534 | |||||
2.30%, 3/20/2039 | JPY | 465,900,000 | 4,991,489 | |||||
2.50%, 9/20/2034 | JPY | 650,000,000 | 7,142,956 | |||||
1.80%, 9/20/2043 | JPY | 250,000,000 | 2,415,882 | |||||
2.30%, 3/20/2040 | JPY | 301,550,000 | 3,235,469 | |||||
2.20%, 3/20/2041 | JPY | 205,550,000 | 2,165,510 | |||||
2.50%, 9/20/2035 | JPY | 610,000,000 | 6,715,473 | |||||
1.70%, 6/20/2033 | JPY | 310,000,000 | 3,020,590 | |||||
2.00%, 3/20/2042 | JPY | 100,000,000 | 1,011,557 | |||||
2.40%, 3/20/2037 | JPY | 460,700,000 | 5,000,588 | |||||
1.90%, 9/20/2042 | JPY | 200,000,000 | 1,979,337 | |||||
1.80%, 3/20/2043 | JPY | 200,000,000 | 1,934,528 | |||||
Government of Japan 40 Year Bond: | ||||||||
1.90%, 3/20/2053 (b) | JPY | 300,000,000 | 2,945,218 | |||||
2.00%, 3/20/2052 | JPY | 500,000,000 | 5,044,926 | |||||
459,989,359 | ||||||||
MEXICO — 3.6% | ||||||||
Mexican Bonos: | ||||||||
4.75%, 6/14/2018 | MXN | 50,000,000 | 3,726,486 | |||||
5.00%, 6/15/2017 | MXN | 101,000,000 | 7,762,290 | |||||
6.00%, 6/18/2015 | MXN | 81,000,000 | 6,383,305 | |||||
6.25%, 6/16/2016 | MXN | 44,000,000 | 3,527,757 | |||||
6.50%, 6/10/2021 | MXN | 32,000,000 | 2,506,722 | |||||
6.50%, 6/9/2022 | MXN | 125,000,000 | 9,648,234 | |||||
7.50%, 6/3/2027 | MXN | 44,250,000 | 3,602,697 | |||||
7.75%, 12/14/2017 | MXN | 12,000,000 | 1,004,352 | |||||
7.75%, 5/29/2031 | MXN | 56,100,000 | 4,484,102 | |||||
7.75%, 11/13/2042 | MXN | 47,000,000 | 3,663,378 | |||||
8.00%, 12/17/2015 | MXN | 22,000,000 | 1,811,281 | |||||
8.00%, 6/11/2020 | MXN | 22,000,000 | 1,876,763 | |||||
8.00%, 12/7/2023 | MXN | 37,000,000 | 3,142,153 | |||||
8.50%, 5/31/2029 | MXN | 43,400,000 | 3,763,854 | |||||
8.50%, 11/18/2038 | MXN | 30,000,000 | 2,530,063 | |||||
10.00%, 11/20/2036 | MXN | 41,500,000 | 4,024,171 | |||||
United Mexican States: | ||||||||
7.25%, 12/15/2016 | MXN | 53,350,000 | 4,383,888 |
See accompanying notes to financial statements.
224
SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
8.50%, 12/13/2018 | MXN | 27,250,000 | $ | 2,352,183 | ||||
10.00%, 12/5/2024 | MXN | 40,000,000 | 3,899,844 | |||||
74,093,523 | ||||||||
NETHERLANDS — 4.5% | ||||||||
Kingdom of the Netherlands: | ||||||||
0.75%, 4/15/2015 | EUR | 4,500,000 | 6,243,881 | |||||
1.25%, 1/15/2018 (a) | EUR | 4,500,000 | 6,289,084 | |||||
1.25%, 1/15/2019 (a) | EUR | 3,500,000 | 4,835,382 | |||||
1.75%, 7/15/2023 (a) | EUR | 2,500,000 | 3,303,255 | |||||
2.25%, 7/15/2022 (a) | EUR | 2,000,000 | 2,804,232 | |||||
2.50%, 1/15/2017 (a) | EUR | 4,400,000 | 6,414,970 | |||||
2.50%, 1/15/2033 (a) | EUR | 2,000,000 | 2,618,545 | |||||
3.25%, 7/15/2015 (a) | EUR | 7,900,000 | 11,385,187 | |||||
3.25%, 7/15/2021 (a) | EUR | 4,000,000 | 6,071,648 | |||||
3.50%, 7/15/2020 (a) | EUR | 5,880,000 | 9,082,451 | |||||
3.75%, 1/15/2023 (a) | EUR | 3,400,000 | 5,316,406 | |||||
3.75%, 1/15/2042 (a) | EUR | 3,200,000 | 5,133,909 | |||||
4.00%, 7/15/2018 (a) | EUR | 3,410,000 | 5,311,269 | |||||
4.00%, 1/15/2037 (a) | EUR | 3,170,000 | 5,194,981 | |||||
4.50%, 7/15/2017 (a) | EUR | 3,000,000 | 4,676,830 | |||||
5.50%, 1/15/2028 (a) | EUR | 3,180,000 | 5,855,505 | |||||
Netherlands Government Bond Zero Coupon, 4/15/2016 (a)(c) | EUR | 1,200,000 | 1,639,228 | |||||
92,176,763 | ||||||||
POLAND — 3.5% | ||||||||
Poland Government Bond: | ||||||||
Zero Coupon, 7/25/2015 (c) | PLN | 7,500,000 | 2,381,604 | |||||
Zero Coupon, 1/25/2016 (c) | PLN | 500,000 | 155,761 | |||||
2.50%, 7/25/2018 | PLN | 5,000,000 | 1,574,177 | |||||
3.75%, 4/25/2018 | PLN | 24,000,000 | 8,014,128 | |||||
4.00%, 10/25/2023 | PLN | 11,000,000 | 3,547,399 | |||||
4.75%, 10/25/2016 | PLN | 10,000,000 | 3,443,305 | |||||
4.75%, 4/25/2017 | PLN | 16,600,000 | 5,737,891 | |||||
5.00%, 4/25/2016 | PLN | 17,000,000 | 5,870,520 | |||||
5.25%, 10/25/2017 | PLN | 16,100,000 | 5,671,776 | |||||
5.25%, 10/25/2020 | PLN | 15,650,000 | 5,562,354 | |||||
5.50%, 4/25/2015 | PLN | 12,000,000 | 4,117,196 | |||||
5.50%, 10/25/2019 | PLN | 10,025,000 | 3,594,687 | |||||
5.75%, 10/25/2021 | PLN | 20,350,000 | 7,411,771 | |||||
5.75%, 9/23/2022 | PLN | 11,960,000 | 4,372,966 | |||||
5.75%, 4/25/2029 | PLN | 6,700,000 | 2,479,097 | |||||
6.25%, 10/24/2015 | PLN | 18,715,000 | 6,573,003 | |||||
70,507,635 | ||||||||
SOUTH AFRICA — 3.0% | ||||||||
South Africa Government Bond: | ||||||||
6.25%, 3/31/2036 | ZAR | 40,000,000 | 2,806,154 | |||||
6.50%, 2/28/2041 | ZAR | 32,500,000 | 2,286,597 | |||||
6.75%, 3/31/2021 | ZAR | 55,500,000 | 5,039,572 | |||||
7.00%, 2/28/2031 | ZAR | 60,000,000 | 4,776,513 | |||||
7.25%, 1/15/2020 | ZAR | 81,785,000 | 7,726,033 | |||||
7.75%, 2/28/2023 | ZAR | 83,000,000 | 7,850,875 | |||||
8.00%, 12/21/2018 | ZAR | 59,500,000 | 5,874,672 | |||||
8.00%, 1/31/2030 | ZAR | 2,000,000 | 178,553 | |||||
8.25%, 9/15/2017 | ZAR | 74,000,000 | 7,367,168 | |||||
8.50%, 1/31/2037 | ZAR | 50,000,000 | 4,502,843 | |||||
8.75%, 2/28/2048 | ZAR | 30,000,000 | 2,716,506 | |||||
10.50%, 12/21/2026 | ZAR | 57,600,000 | 6,480,358 | |||||
10.50%, 12/21/2026 | ZAR | 6,000,000 | 675,037 | |||||
13.50%, 9/15/2015 | ZAR | 34,000,000 | 3,625,332 | |||||
61,906,213 | ||||||||
SPAIN — 4.5% | ||||||||
Kingdom of Spain: | ||||||||
2.75%, 3/31/2015 | EUR | 1,500,000 | 2,106,545 | |||||
3.00%, 4/30/2015 | EUR | 1,000,000 | 1,410,414 | |||||
3.15%, 1/31/2016 | EUR | 3,660,000 | 5,199,859 | |||||
3.25%, 4/30/2016 | EUR | 2,300,000 | 3,275,303 | |||||
3.30%, 7/30/2016 | EUR | 500,000 | 712,557 | |||||
3.75%, 10/31/2015 | EUR | 1,250,000 | 1,794,107 | |||||
3.75%, 10/31/2018 | EUR | 1,000,000 | 1,441,035 | |||||
3.80%, 1/31/2017 | EUR | 3,250,000 | 4,707,224 | |||||
4.00%, 7/30/2015 | EUR | 2,800,000 | 4,002,673 | |||||
4.00%, 4/30/2020 | EUR | 3,250,000 | 4,648,942 | |||||
4.10%, 7/30/2018 | EUR | 2,100,000 | 3,062,107 | |||||
4.20%, 1/31/2037 | EUR | 3,100,000 | 3,859,370 | |||||
4.25%, 10/31/2016 | EUR | 2,750,000 | 4,028,849 | |||||
4.30%, 10/31/2019 | EUR | 500,000 | 733,035 | |||||
4.40%, 1/31/2015 | EUR | 3,000,000 | 4,278,657 | |||||
4.40%, 10/31/2023 (a) | EUR | 3,500,000 | 4,910,116 | |||||
4.50%, 1/31/2018 | EUR | 1,500,000 | 2,224,393 | |||||
4.60%, 7/30/2019 | EUR | 3,700,000 | 5,513,455 | |||||
4.65%, 7/30/2025 | EUR | 2,700,000 | 3,818,758 | |||||
4.70%, 7/30/2041 | EUR | 1,800,000 | 2,392,506 | |||||
4.80%, 1/31/2024 | EUR | 1,300,000 | 1,882,024 | |||||
4.85%, 10/31/2020 | EUR | 2,500,000 | 3,709,096 | |||||
4.90%, 7/30/2040 | EUR | 1,000,000 | 1,367,098 | |||||
5.50%, 7/30/2017 | EUR | 2,500,000 | 3,823,121 | |||||
5.50%, 4/30/2021 | EUR | 3,000,000 | 4,591,672 | |||||
5.75%, 7/30/2032 | EUR | 1,200,000 | 1,857,917 | |||||
5.85%, 1/31/2022 | EUR | 3,300,000 | 5,160,655 | |||||
5.90%, 7/30/2026 | EUR | 1,000,000 | 1,565,075 | |||||
6.00%, 1/31/2029 | EUR | 2,200,000 | 3,464,510 | |||||
91,541,073 | ||||||||
SWEDEN — 3.2% | ||||||||
Kingdom of Sweden: | ||||||||
1.50%, 11/13/2023 | SEK | 69,000,000 | 9,794,249 | |||||
2.25%, 6/1/2032 | SEK | 13,000,000 | 1,803,643 | |||||
3.00%, 7/12/2016 | SEK | 28,500,000 | 4,645,536 | |||||
3.50%, 6/1/2022 | SEK | 52,320,000 | 8,872,177 | |||||
3.50%, 3/30/2039 | SEK | 32,300,000 | 5,236,522 | |||||
3.75%, 8/12/2017 | SEK | 56,635,000 | 9,540,933 | |||||
4.25%, 3/12/2019 | SEK | 51,000,000 | 8,892,642 | |||||
4.50%, 8/12/2015 | SEK | 56,000,000 | 9,223,756 | |||||
5.00%, 12/1/2020 | SEK | 41,850,000 | 7,705,845 | |||||
65,715,303 | ||||||||
UNITED KINGDOM — 12.3% | ||||||||
United Kingdom Treasury Bond: | ||||||||
1.00%, 9/7/2017 | GBP | 10,000,000 | 16,259,064 | |||||
1.25%, 7/22/2018 | GBP | 5,000,000 | 8,053,096 |
See accompanying notes to financial statements.
225
SPDR Barclays International Treasury Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
1.75%, 1/22/2017 | GBP | 3,700,000 | $ | 6,226,232 | ||||
1.75%, 7/22/2019 | GBP | 450,000 | 726,307 | |||||
1.75%, 9/7/2022 | GBP | 5,000,000 | 7,565,662 | |||||
2.00%, 1/22/2016 | GBP | 4,500,000 | 7,638,852 | |||||
2.25%, 9/7/2023 | GBP | 6,000,000 | 9,286,985 | |||||
2.75%, 1/22/2015 | GBP | 4,500,000 | 7,627,612 | |||||
3.25%, 1/22/2044 | GBP | 3,100,000 | 4,731,323 | |||||
3.50%, 7/22/2068 | GBP | 4,000,000 | 6,463,279 | |||||
3.75%, 9/7/2019 | GBP | 4,500,000 | 8,062,189 | |||||
3.75%, 9/7/2020 | GBP | 4,300,000 | 7,694,013 | |||||
3.75%, 9/7/2021 | GBP | 2,750,000 | 4,903,482 | |||||
3.75%, 7/22/2052 | GBP | 3,000,000 | 5,092,617 | |||||
4.00%, 9/7/2016 | GBP | 4,400,000 | 7,876,252 | |||||
4.00%, 3/7/2022 | GBP | 3,900,000 | 7,060,544 | |||||
4.00%, 1/22/2060 | GBP | 2,300,000 | 4,165,015 | |||||
4.25%, 12/7/2027 | GBP | 4,000,000 | 7,252,647 | |||||
4.25%, 6/7/2032 | GBP | 2,975,000 | 5,414,901 | |||||
4.25%, 3/7/2036 | GBP | 1,500,000 | 2,726,351 | |||||
4.25%, 9/7/2039 | GBP | 1,100,000 | 2,008,379 | |||||
4.25%, 12/7/2040 | GBP | 3,200,000 | 5,851,196 | |||||
4.25%, 12/7/2046 | GBP | 2,825,000 | 5,233,447 | |||||
4.25%, 12/7/2049 | GBP | 2,700,000 | 5,054,780 | |||||
4.25%, 12/7/2055 | GBP | 2,650,000 | 5,018,591 | |||||
4.50%, 3/7/2019 | GBP | 4,200,000 | 7,785,986 | |||||
4.50%, 9/7/2034 | GBP | 7,500,000 | 14,084,161 | |||||
4.50%, 12/7/2042 | GBP | 2,825,000 | 5,411,526 | |||||
4.75%, 9/7/2015 | GBP | 4,000,000 | 7,085,698 | |||||
4.75%, 3/7/2020 | GBP | 4,600,000 | 8,687,274 | |||||
4.75%, 12/7/2030 | GBP | 5,200,000 | 10,016,072 | |||||
4.75%, 12/7/2038 | GBP | 3,914,000 | 7,691,555 | |||||
5.00%, 3/7/2018 | GBP | 4,100,000 | 7,701,514 | |||||
5.00%, 3/7/2025 | GBP | 3,000,000 | 5,813,682 | |||||
6.00%, 12/7/2028 | GBP | 2,850,000 | 6,145,795 | |||||
8.00%, 12/7/2015 | GBP | 1,000,000 | 1,892,314 | |||||
8.00%, 6/7/2021 | GBP | 3,375,000 | 7,641,535 | |||||
8.75%, 8/25/2017 | GBP | 1,000,000 | 2,083,501 | |||||
250,033,429 | ||||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $2,009,006,128) | 1,998,229,770 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)(f) (Cost $617,438) | 617,438 | 617,438 | ||||||
TOTAL INVESTMENTS — 98.0% (g) | ||||||||
(Cost $2,009,623,566) | 1,998,847,208 | |||||||
OTHER ASSETS & LIABILITIES — 2.0% | 41,735,163 | |||||||
NET ASSETS — 100.0% | $ | 2,040,582,371 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 11.7% of net assets as of December 31, 2013, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(b) | When-issued security. | |||||
(c) | Non-income producing security. | |||||
(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) |
AUD — Australian Dollar
CAD — Canadian Dollar
DKK — Danish Krone
EUR — Euro
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.
226
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 97.4% | ||||||||
AUSTRALIA — 3.8% | ||||||||
Australia & New Zealand Banking Group, Ltd. 3.75%, 3/10/2017 | EUR | 300,000 | $ | 446,085 | ||||
BHP Billiton Finance, Ltd.: | ||||||||
2.13%, 11/29/2018 | EUR | 300,000 | 422,426 | |||||
2.25%, 9/25/2020 | EUR | 200,000 | 276,243 | |||||
3.25%, 9/25/2024 | GBP | 200,000 | 308,017 | |||||
3.75%, 10/18/2017 | AUD | 200,000 | 176,800 | |||||
4.30%, 9/25/2042 | GBP | 200,000 | 315,346 | |||||
6.38%, 4/4/2016 | EUR | 300,000 | 464,585 | |||||
Commonwealth Bank of Australia: | ||||||||
4.25%, 11/10/2016 | EUR | 300,000 | 450,755 | |||||
4.38%, 2/25/2020 | EUR | 200,000 | 311,014 | |||||
6.50%, 7/21/2015 | AUD | 300,000 | 281,903 | |||||
National Australia Bank, Ltd.: | ||||||||
2.00%, 11/12/2020 | EUR | 200,000 | 270,568 | |||||
2.75%, 8/8/2022 | EUR | 350,000 | 489,774 | |||||
3.50%, 1/23/2015 | EUR | 450,000 | 638,890 | |||||
4.00%, 7/13/2020 | EUR | 220,000 | 336,940 | |||||
4.75%, 7/15/2016 | EUR | 200,000 | 301,864 | |||||
5.50%, 5/20/2015 | EUR | 300,000 | 440,734 | |||||
6.00%, 2/15/2017 | AUD | 300,000 | 285,399 | |||||
Telstra Corp., Ltd.: | ||||||||
2.50%, 9/15/2023 | EUR | 200,000 | 267,777 | |||||
3.50%, 9/21/2022 | EUR | 300,000 | 439,325 | |||||
4.25%, 3/23/2020 | EUR | 150,000 | 231,810 | |||||
4.75%, 3/21/2017 | EUR | 300,000 | 460,391 | |||||
Westpac Banking Corp.: | ||||||||
4.13%, 5/25/2018 | EUR | 200,000 | 305,080 | |||||
4.25%, 9/22/2016 | EUR | 350,000 | 523,710 | |||||
7.25%, 11/18/2016 | AUD | 400,000 | 392,113 | |||||
8,837,549 | ||||||||
BELGIUM — 0.2% | ||||||||
Anheuser-Busch InBev NV 6.50%, 6/23/2017 | GBP | 200,000 | 380,012 | |||||
CANADA — 0.3% | ||||||||
The Toronto-Dominion Bank 5.38%, 5/14/2015 | EUR | 400,000 | 586,869 | |||||
DENMARK — 0.6% | ||||||||
Carlsberg Breweries A/S 3.38%, 10/13/2017 | EUR | 200,000 | 293,164 | |||||
Danske Bank A/S: | ||||||||
2.50%, 7/9/2015 | EUR | 200,000 | 282,591 | |||||
3.88%, 5/18/2016 | EUR | 300,000 | 441,088 | |||||
3.88%, 2/28/2017 | EUR | 200,000 | 297,882 | |||||
1,314,725 | ||||||||
FRANCE — 14.3% | ||||||||
Autoroutes du Sud de la France SA 5.63%, 7/4/2022 (a) | EUR | 350,000 | 590,105 | |||||
AXA SA 4.50%, 1/23/2015 | EUR | 250,000 | 357,954 | |||||
Banque Federative du Credit Mutuel: | ||||||||
1.63%, 1/11/2018 | EUR | 400,000 | 550,609 | |||||
2.00%, 9/19/2019 | EUR | 200,000 | 273,742 | |||||
2.63%, 2/24/2021 | EUR | 300,000 | 417,441 | |||||
3.00%, 11/28/2023 | EUR | 300,000 | 417,891 | |||||
3.25%, 8/23/2022 | EUR | 300,000 | 431,760 | |||||
4.13%, 7/20/2020 | EUR | 300,000 | 457,889 | |||||
4.38%, 5/31/2016 | EUR | 350,000 | 520,928 | |||||
BNP Paribas SA: | ||||||||
1.50%, 3/12/2018 | EUR | 300,000 | 412,337 | |||||
2.00%, 1/28/2019 | EUR | 200,000 | 278,061 | |||||
2.50%, 8/23/2019 | EUR | 200,000 | 283,700 | |||||
2.63%, 9/16/2016 | EUR | 200,000 | 287,330 | |||||
2.88%, 7/13/2015 | EUR | 400,000 | 568,393 | |||||
2.88%, 11/27/2017 | EUR | 250,000 | 363,363 | |||||
2.88%, 10/24/2022 | EUR | 300,000 | 421,758 | |||||
2.88%, 9/26/2023 | EUR | 500,000 | 696,223 | |||||
3.00%, 2/24/2017 | EUR | 200,000 | 290,537 | |||||
3.50%, 3/7/2016 | EUR | 350,000 | 508,591 | |||||
3.75%, 11/25/2020 (a) | EUR | 400,000 | 604,044 | |||||
4.13%, 1/14/2022 | EUR | 300,000 | 460,713 | |||||
4.50%, 3/21/2023 | EUR | 300,000 | 476,469 | |||||
Bouygues SA: | ||||||||
3.64%, 10/29/2019 | EUR | 150,000 | 222,654 | |||||
4.25%, 7/22/2020 (a) | EUR | 200,000 | 308,296 | |||||
6.13%, 7/3/2015 | EUR | 300,000 | 446,003 | |||||
Carrefour SA: | ||||||||
1.75%, 5/22/2019 | EUR | 200,000 | 269,499 | |||||
1.88%, 12/19/2017 | EUR | 300,000 | 418,264 | |||||
3.88%, 4/25/2021 | EUR | 200,000 | 297,368 | |||||
4.00%, 4/9/2020 (a) | EUR | 200,000 | 300,113 | |||||
Casino Guichard Perrachon SA: | ||||||||
3.16%, 8/6/2019 | EUR | 200,000 | 285,473 | |||||
3.31%, 1/25/2023 | EUR | 200,000 | 276,229 | |||||
Cie de St-Gobain: | ||||||||
3.50%, 9/30/2015 | EUR | 200,000 | 287,891 | |||||
4.75%, 4/11/2017 | EUR | 300,000 | 458,466 | |||||
Cie Financiere et Industrielle des Autoroutes SA 5.00%, 5/24/2021 | EUR | 300,000 | 484,485 | |||||
Credit Agricole SA/London: | ||||||||
1.75%, 3/12/2018 | EUR | 200,000 | 277,872 | |||||
1.88%, 10/18/2017 | EUR | 300,000 | 420,071 | |||||
2.38%, 11/27/2020 | EUR | 300,000 | 414,704 | |||||
3.00%, 7/20/2015 | EUR | 400,000 | 569,391 | |||||
3.13%, 7/17/2023 | EUR | 300,000 | 427,412 | |||||
3.63%, 3/8/2016 | EUR | 200,000 | 291,249 | |||||
3.88%, 2/13/2019 | EUR | 300,000 | 452,441 | |||||
5.13%, 4/18/2023 | EUR | 200,000 | 333,221 | |||||
Credit Mutuel Arkea SA 5.00%, 6/28/2017 | EUR | 300,000 | 462,538 | |||||
Danone 2.25%, 11/15/2021 | EUR | 200,000 | 274,157 | |||||
France Telecom SA: | ||||||||
3.00%, 6/15/2022 | EUR | 200,000 | 279,302 | |||||
3.63%, 10/14/2015 | EUR | 300,000 | 433,755 | |||||
3.88%, 4/9/2020 | EUR | 200,000 | 298,831 | |||||
3.88%, 1/14/2021 | EUR | 300,000 | 448,266 | |||||
4.75%, 2/21/2017 | EUR | 400,000 | 609,283 | |||||
5.00%, 5/12/2016 | GBP | 300,000 | 531,231 | |||||
5.63%, 5/22/2018 | EUR | 300,000 | 480,524 |
See accompanying notes to financial statements.
227
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
8.13%, 1/28/2033 | EUR | 300,000 | $ | 610,056 | ||||
GDF Suez: | ||||||||
1.50%, 2/1/2016 | EUR | 200,000 | 279,854 | |||||
2.25%, 6/1/2018 | EUR | 250,000 | 355,029 | |||||
2.75%, 10/18/2017 | EUR | 200,000 | 290,492 | |||||
3.00%, 2/1/2023 | EUR | 200,000 | 283,383 | |||||
3.50%, 10/18/2022 | EUR | 300,000 | 443,076 | |||||
5.00%, 10/1/2060 | GBP | 250,000 | 444,504 | |||||
5.63%, 1/18/2016 | EUR | 300,000 | 454,059 | |||||
6.13%, 2/11/2021 | GBP | 150,000 | 291,304 | |||||
6.38%, 1/18/2021 | EUR | 200,000 | 349,127 | |||||
Gie GDF Suez Alliance 5.75%, 6/24/2023 (a) | EUR | 250,000 | 427,226 | |||||
HSBC France SA 1.88%, 1/16/2020 | EUR | 200,000 | 272,326 | |||||
Pernod-Ricard SA: | ||||||||
4.88%, 3/18/2016 | EUR | 300,000 | 446,193 | |||||
5.00%, 3/15/2017 | EUR | 200,000 | 304,926 | |||||
Sanofi: | ||||||||
1.88%, 9/4/2020 | EUR | 300,000 | 408,800 | |||||
2.50%, 11/14/2023 | EUR | 200,000 | 271,602 | |||||
4.50%, 5/18/2016 | EUR | 300,000 | 449,583 | |||||
Schneider Electric SA 4.00%, 8/11/2017 | EUR | 250,000 | 378,202 | |||||
Societe Des Autoroutes Paris-Rhin-Rhone 5.00%, 1/12/2017 | EUR | 200,000 | 304,343 | |||||
Societe Generale SA: | ||||||||
2.25%, 1/23/2020 | EUR | 300,000 | 417,272 | |||||
2.38%, 7/13/2015 | EUR | 200,000 | 282,146 | |||||
2.38%, 2/28/2018 | EUR | 300,000 | 428,453 | |||||
3.00%, 3/31/2015 | EUR | 300,000 | 425,025 | |||||
3.13%, 9/21/2017 | EUR | 250,000 | 366,876 | |||||
4.00%, 4/20/2016 | EUR | 300,000 | 441,815 | |||||
4.25%, 7/13/2022 (a) | EUR | 200,000 | 312,782 | |||||
4.75%, 3/2/2021 | EUR | 300,000 | 481,955 | |||||
Total Capital SA 4.88%, 1/28/2019 | EUR | 300,000 | 477,759 | |||||
Veolia Environnement SA 5.13%, 5/24/2022 | EUR | 250,000 | 404,017 | |||||
Vinci SA 4.13%, 2/20/2017 | EUR | 200,000 | 299,415 | |||||
Vivendi SA: | ||||||||
4.13%, 7/18/2017 | EUR | 300,000 | 448,380 | |||||
4.75%, 7/13/2021 | EUR | 200,000 | 304,949 | |||||
32,883,756 | ||||||||
GERMANY — 4.5% | ||||||||
BASF SE 2.00%, 12/5/2022 | EUR | 300,000 | 402,144 | |||||
Bertelsmann AG 4.75%, 9/26/2016 | EUR | 200,000 | 302,890 | |||||
BPCE SA: | ||||||||
2.88%, 9/22/2015 | EUR | 350,000 | 498,847 | |||||
3.75%, 7/21/2017 | EUR | 500,000 | 743,693 | |||||
4.50%, 2/10/2022 | EUR | 300,000 | 471,961 | |||||
Commerzbank AG: | ||||||||
3.63%, 7/10/2017 | EUR | 200,000 | 294,440 | |||||
3.88%, 3/22/2017 | EUR | 400,000 | 592,392 | |||||
4.00%, 9/16/2020 | EUR | 250,000 | 373,560 | |||||
4.75%, 1/26/2015 | EUR | 200,000 | 287,394 | |||||
Daimler AG: | ||||||||
1.00%, 7/8/2016 | EUR | 250,000 | 346,286 | |||||
1.50%, 11/19/2018 | EUR | 200,000 | 275,342 | |||||
1.75%, 5/21/2015 | EUR | 200,000 | 279,873 | |||||
4.13%, 1/19/2017 | EUR | 200,000 | 300,715 | |||||
Deutsche Bank AG: | ||||||||
2.38%, 1/11/2023 | EUR | 1,000,000 | 1,361,155 | |||||
5.13%, 8/31/2017 | EUR | 800,000 | 1,257,800 | |||||
Linde AG 1.75%, 9/17/2020 | EUR | 200,000 | 270,880 | |||||
Merck Financial Services GmbH: | ||||||||
3.38%, 3/24/2015 | EUR | 300,000 | 427,117 | |||||
4.50%, 3/24/2020 | EUR | 300,000 | 470,987 | |||||
Metro AG 7.63%, 3/5/2015 | EUR | 250,000 | 370,925 | |||||
Volkswagen Leasing GmbH: | ||||||||
1.50%, 9/15/2015 | EUR | 200,000 | 278,841 | |||||
2.38%, 9/6/2022 | EUR | 200,000 | 272,666 | |||||
2.75%, 7/13/2015 | EUR | 300,000 | 425,700 | |||||
10,305,608 | ||||||||
HONG KONG — 0.4% | ||||||||
Hutchison Whampoa Europe Finance 12, Ltd. 2.50%, 6/6/2017 | EUR | 300,000 | 427,370 | |||||
Hutchison Whampoa Finance 09, Ltd. 4.75%, 11/14/2016 | EUR | 350,000 | 529,401 | |||||
956,771 | ||||||||
IRELAND — 2.6% | ||||||||
GE Capital European Funding: | ||||||||
1.00%, 5/2/2017 | EUR | 300,000 | 409,910 | |||||
1.25%, 10/15/2015 | EUR | 200,000 | 277,574 | |||||
2.00%, 2/27/2015 | EUR | 500,000 | 698,904 | |||||
2.25%, 7/20/2020 | EUR | 300,000 | 410,810 | |||||
2.63%, 3/15/2023 | EUR | 200,000 | 270,649 | |||||
2.88%, 9/17/2015 | EUR | 300,000 | 427,440 | |||||
2.88%, 6/18/2019 | EUR | 300,000 | 430,564 | |||||
3.75%, 4/4/2016 | EUR | 300,000 | 438,497 | |||||
4.13%, 10/27/2016 | EUR | 300,000 | 447,514 | |||||
4.25%, 3/1/2017 | EUR | 300,000 | 450,718 | |||||
5.25%, 5/18/2015 | EUR | 450,000 | 657,388 | |||||
5.38%, 1/16/2018 | EUR | 300,000 | 473,598 | |||||
5.38%, 1/23/2020 | EUR | 300,000 | 485,179 | |||||
6.00%, 1/15/2019 | EUR | 100,000 | 163,965 | |||||
6,042,710 | ||||||||
ISRAEL — 0.1% | ||||||||
Teva Pharmaceutical Finance IV BV 2.88%, 4/15/2019 | EUR | 200,000 | 284,877 | |||||
ITALY — 6.6% | ||||||||
Assicurazioni Generali SpA 5.13%, 9/16/2024 | EUR | 350,000 | 523,752 | |||||
Atlantia SpA: | ||||||||
3.38%, 9/18/2017 | EUR | 400,000 | 581,364 | |||||
4.50%, 2/8/2019 | EUR | 200,000 | 303,134 | |||||
5.63%, 5/6/2016 | EUR | 300,000 | 453,669 |
See accompanying notes to financial statements.
228
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.88%, 6/9/2024 (a) | EUR | 200,000 | $ | 335,889 | ||||
Enel SpA 5.25%, 6/20/2017 | EUR | 250,000 | 382,707 | |||||
ENI SpA: | ||||||||
3.25%, 7/10/2023 (a) | EUR | 200,000 | 279,939 | |||||
3.50%, 1/29/2018 | EUR | 150,000 | 222,093 | |||||
4.00%, 6/29/2020 | EUR | 300,000 | 452,002 | |||||
4.13%, 9/16/2019 | EUR | 300,000 | 454,613 | |||||
4.25%, 2/3/2020 | EUR | 200,000 | 304,913 | |||||
4.75%, 11/14/2017 | EUR | 400,000 | 618,708 | |||||
5.00%, 1/28/2016 | EUR | 300,000 | 447,072 | |||||
Intesa Sanpaolo SpA: | ||||||||
3.00%, 1/28/2019 | EUR | 200,000 | 277,353 | |||||
3.75%, 11/23/2016 | EUR | 300,000 | 433,448 | |||||
4.00%, 11/9/2017 | EUR | 500,000 | 725,854 | |||||
4.00%, 11/8/2018 | EUR | 300,000 | 436,657 | |||||
4.00%, 10/30/2023 | EUR | 300,000 | 415,953 | |||||
4.13%, 1/14/2016 | EUR | 300,000 | 432,885 | |||||
4.13%, 9/19/2016 | EUR | 300,000 | 436,310 | |||||
4.13%, 4/14/2020 | EUR | 200,000 | 287,964 | |||||
4.38%, 10/15/2019 | EUR | 300,000 | 439,503 | |||||
4.75%, 6/15/2017 | EUR | 250,000 | 371,770 | |||||
4.88%, 7/10/2015 | EUR | 200,000 | 289,635 | |||||
5.00%, 2/28/2017 | EUR | 200,000 | 298,902 | |||||
Snam SpA: | ||||||||
2.38%, 6/30/2017 | EUR | 300,000 | 424,709 | |||||
3.50%, 2/13/2020 | EUR | 300,000 | 435,398 | |||||
3.88%, 3/19/2018 | EUR | 300,000 | 446,821 | |||||
4.38%, 7/11/2016 | EUR | 200,000 | 296,460 | |||||
5.00%, 1/18/2019 | EUR | 250,000 | 390,422 | |||||
5.25%, 9/19/2022 | EUR | 200,000 | 320,057 | |||||
Terna Rete Elettrica Nazionale SpA: | ||||||||
4.13%, 2/17/2017 | EUR | 300,000 | 447,249 | |||||
4.75%, 3/15/2021 | EUR | 250,000 | 390,363 | |||||
UniCredit SpA: | ||||||||
3.38%, 1/11/2018 (a) | EUR | 200,000 | 283,959 | |||||
3.63%, 1/24/2019 | EUR | 300,000 | 426,612 | |||||
4.38%, 9/11/2015 | EUR | 300,000 | 433,122 | |||||
4.88%, 3/7/2017 | EUR | 400,000 | 597,201 | |||||
15,098,462 | ||||||||
JAPAN — 0.4% | ||||||||
Mizuho Bank Ltd. 0.76%, 4/20/2016 | JPY | 100,000,000 | 962,097 | |||||
LUXEMBOURG — 0.6% | ||||||||
Glencore Finance Europe SA: | ||||||||
4.63%, 4/3/2018 | EUR | 300,000 | 452,904 | |||||
5.25%, 3/22/2017 | EUR | 250,000 | 381,802 | |||||
Novartis Finance SA 4.25%, 6/15/2016 | EUR | 400,000 | 597,989 | |||||
1,432,695 | ||||||||
MEXICO — 0.6% | ||||||||
America Movil SAB de CV: | ||||||||
3.00%, 7/12/2021 (a) | EUR | 200,000 | 278,720 | |||||
3.75%, 6/28/2017 | EUR | 350,000 | 521,646 | |||||
4.13%, 10/25/2019 | EUR | 200,000 | 303,160 | |||||
4.38%, 8/7/2041 | GBP | 200,000 | 300,053 | |||||
1,403,579 | ||||||||
NETHERLANDS — 23.4% | ||||||||
ABB Finance BV 2.63%, 3/26/2019 | EUR | 300,000 | 428,788 | |||||
ABN Amro Bank NV: | ||||||||
2.50%, 11/29/2023 | EUR | 200,000 | 264,092 | |||||
3.63%, 10/6/2017 | EUR | 300,000 | 446,089 | |||||
4.13%, 3/28/2022 | EUR | 350,000 | 532,874 | |||||
4.25%, 4/11/2016 | EUR | 300,000 | 443,652 | |||||
4.75%, 1/11/2019 | EUR | 200,000 | 311,957 | |||||
Allianz Finance II BV: | ||||||||
3.50%, 2/14/2022 | EUR | 400,000 | 594,775 | |||||
4.00%, 11/23/2016 | EUR | 350,000 | 524,564 | |||||
4.50%, 3/13/2043 | GBP | 200,000 | 330,073 | |||||
4.75%, 7/22/2019 | EUR | 300,000 | 474,687 | |||||
BASF Finance Europe NV 5.13%, 6/9/2015 | EUR | 350,000 | 513,366 | |||||
BMW Finance NV: | ||||||||
1.00%, 10/24/2016 | EUR | 250,000 | 345,387 | |||||
2.13%, 1/13/2015 | EUR | 200,000 | 279,998 | |||||
3.25%, 1/28/2016 | EUR | 300,000 | 434,233 | |||||
3.25%, 1/14/2019 | EUR | 200,000 | 296,128 | |||||
3.38%, 12/14/2018 | GBP | 150,000 | 257,514 | |||||
3.63%, 1/29/2018 | EUR | 400,000 | 600,092 | |||||
3.88%, 1/18/2017 | EUR | 300,000 | 448,256 | |||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands: | ||||||||
2.38%, 5/22/2023 | EUR | 300,000 | 397,599 | |||||
3.00%, 2/16/2015 | EUR | 750,000 | 1,061,699 | |||||
3.38%, 1/18/2016 | EUR | 500,000 | 724,416 | |||||
3.38%, 4/21/2017 | EUR | 500,000 | 737,258 | |||||
3.50%, 10/17/2018 | EUR | 400,000 | 595,972 | |||||
3.88%, 4/20/2016 | EUR | 950,000 | 1,395,326 | |||||
4.00%, 9/10/2015 | GBP | 250,000 | 432,556 | |||||
4.00%, 1/11/2022 | EUR | 600,000 | 905,416 | |||||
4.13%, 1/14/2020 | EUR | 600,000 | 913,246 | |||||
4.13%, 1/12/2021 | EUR | 750,000 | 1,141,491 | |||||
4.13%, 7/14/2025 | EUR | 750,000 | 1,133,711 | |||||
4.25%, 1/16/2017 | EUR | 600,000 | 903,196 | |||||
4.38%, 5/5/2016 | EUR | 500,000 | 743,011 | |||||
4.38%, 6/7/2021 | EUR | 200,000 | 309,040 | |||||
4.75%, 1/15/2018 | EUR | 700,000 | 1,087,229 | |||||
4.75%, 6/6/2022 | EUR | 300,000 | 475,260 | |||||
6.50%, 4/20/2015 | AUD | 250,000 | 232,675 | |||||
Deutsche Telekom International Finance BV: | ||||||||
2.13%, 1/18/2021 | EUR | 200,000 | 272,647 | |||||
4.00%, 1/19/2015 | EUR | 400,000 | 570,932 | |||||
4.25%, 7/13/2022 | EUR | 250,000 | 382,956 | |||||
5.75%, 4/14/2015 | EUR | 300,000 | 440,088 | |||||
6.00%, 1/20/2017 | EUR | 500,000 | 786,313 | |||||
6.50%, 4/8/2022 | GBP | 200,000 | 388,009 | |||||
E.ON International Finance BV: | ||||||||
5.25%, 9/8/2015 | EUR | 250,000 | 370,426 | |||||
5.50%, 1/19/2016 | EUR | 400,000 | 602,777 | |||||
5.50%, 10/2/2017 | EUR | 500,000 | 792,176 | |||||
5.75%, 5/7/2020 | EUR | 400,000 | 667,558 |
See accompanying notes to financial statements.
229
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.88%, 10/30/2037 | GBP | 200,000 | $ | 383,499 | ||||
6.00%, 10/30/2019 | GBP | 200,000 | 380,811 | |||||
6.38%, 6/7/2032 | GBP | 300,000 | 601,516 | |||||
6.75%, 1/27/2039 | GBP | 150,000 | 320,683 | |||||
EADS Finance BV 4.63%, 8/12/2016 | EUR | 250,000 | 377,300 | |||||
Enel Finance International NV: | ||||||||
3.63%, 4/17/2018 | EUR | 400,000 | 584,526 | |||||
4.00%, 9/14/2016 | EUR | 350,000 | 513,409 | |||||
4.13%, 7/12/2017 (a) | EUR | 200,000 | 296,173 | |||||
4.63%, 6/24/2015 | EUR | 300,000 | 434,228 | |||||
4.88%, 3/11/2020 | EUR | 200,000 | 306,048 | |||||
4.88%, 4/17/2023 | EUR | 400,000 | 607,294 | |||||
5.00%, 9/14/2022 | EUR | 450,000 | 685,627 | |||||
5.63%, 8/14/2024 | GBP | 150,000 | 254,662 | |||||
5.75%, 10/24/2018 (b) | EUR | 200,000 | 317,589 | |||||
5.75%, 9/14/2040 | GBP | 300,000 | 462,168 | |||||
Fortis Bank Nederland NV 4.00%, 2/3/2015 | EUR | 500,000 | 713,034 | |||||
Heineken NV 2.13%, 8/4/2020 | EUR | 200,000 | 271,842 | |||||
HIT Finance BV: | ||||||||
4.88%, 10/27/2021 | EUR | 250,000 | 384,648 | |||||
5.75%, 3/9/2018 | EUR | 300,000 | 472,618 | |||||
Iberdrola International BV: | ||||||||
3.50%, 2/1/2021 | EUR | 200,000 | 288,429 | |||||
4.25%, 10/11/2018 | EUR | 200,000 | 303,061 | |||||
4.50%, 9/21/2017 | EUR | 300,000 | 455,148 | |||||
ING Bank NV: | ||||||||
1.88%, 2/27/2018 | EUR | 400,000 | 556,914 | |||||
2.13%, 7/10/2015 | EUR | 300,000 | 421,467 | |||||
3.38%, 3/3/2015 | EUR | 400,000 | 567,642 | |||||
3.88%, 5/24/2016 | EUR | 500,000 | 734,251 | |||||
4.25%, 1/13/2017 | EUR | 300,000 | 450,052 | |||||
4.50%, 2/21/2022 | EUR | 400,000 | 623,846 | |||||
ING Groep NV 4.75%, 5/31/2017 | EUR | 450,000 | 685,151 | |||||
KBC Internationale Financieringsmaatschappij NV: | ||||||||
3.88%, 3/31/2015 | EUR | 250,000 | 357,632 | |||||
4.50%, 3/27/2017 | EUR | 200,000 | 303,159 | |||||
Koninklijke KPN NV: | ||||||||
3.75%, 9/21/2020 | EUR | 250,000 | 363,166 | |||||
4.00%, 6/22/2015 | EUR | 200,000 | 287,611 | |||||
4.75%, 1/17/2017 | EUR | 350,000 | 528,309 | |||||
5.75%, 9/17/2029 | GBP | 150,000 | 263,452 | |||||
Linde Finance BV 4.75%, 4/24/2017 | EUR | 200,000 | 308,305 | |||||
Nomura Europe Finance NV 5.13%, 12/9/2014 | EUR | 200,000 | 285,927 | |||||
Repsol International Finance BV: | ||||||||
2.63%, 5/28/2020 | EUR | 300,000 | 407,628 | |||||
3.63%, 10/7/2021 | EUR | 300,000 | 427,139 | |||||
4.88%, 2/19/2019 | EUR | 200,000 | 307,208 | |||||
Roche Finance Europe BV 2.00%, 6/25/2018 | EUR | 400,000 | 568,721 | |||||
RWE Finance BV: | ||||||||
5.00%, 2/10/2015 | EUR | 350,000 | 505,015 | |||||
5.00%, 2/10/2015 | EUR | 200,000 | 288,580 | |||||
6.13%, 7/6/2039 | GBP | 200,000 | 379,013 | |||||
6.25%, 6/3/2030 | GBP | 150,000 | 283,536 | |||||
6.50%, 8/10/2021 | EUR | 200,000 | 347,238 | |||||
6.63%, 1/31/2019 | EUR | 250,000 | 419,131 | |||||
Schlumberger Finance BV 2.75%, 12/1/2015 | EUR | 200,000 | 286,220 | |||||
Shell International Finance BV: | ||||||||
4.38%, 5/14/2018 | EUR | 500,000 | 776,727 | |||||
4.50%, 2/9/2016 | EUR | 300,000 | 446,480 | |||||
4.63%, 5/22/2017 | EUR | 350,000 | 540,468 | |||||
Siemens Financieringsmaatschappij NV: | ||||||||
1.50%, 3/10/2020 | EUR | 200,000 | 268,080 | |||||
1.75%, 3/12/2021 | EUR | 250,000 | 334,805 | |||||
2.88%, 3/10/2028 | EUR | 300,000 | 404,392 | |||||
5.13%, 2/20/2017 | EUR | 450,000 | 697,948 | |||||
5.63%, 6/11/2018 | EUR | 350,000 | 567,820 | |||||
Volkswagen International Finance NV: | ||||||||
1.00%, 10/26/2016 | EUR | 300,000 | 414,586 | |||||
1.88%, 5/15/2017 | EUR | 300,000 | 423,248 | |||||
2.00%, 1/14/2020 | EUR | 300,000 | 413,704 | |||||
2.00%, 3/26/2021 | EUR | 400,000 | 542,596 | |||||
2.13%, 1/19/2015 | EUR | 400,000 | 559,436 | |||||
3.25%, 1/21/2019 | EUR | 250,000 | 369,195 | |||||
3.50%, 2/2/2015 | EUR | 200,000 | 283,901 | |||||
7.00%, 2/9/2016 | EUR | 200,000 | 310,917 | |||||
53,714,437 | ||||||||
NORWAY — 0.6% | ||||||||
DnB NOR Bank ASA: | ||||||||
3.88%, 6/29/2020 | EUR | 250,000 | 378,663 | |||||
4.25%, 1/18/2022 | EUR | 200,000 | 308,241 | |||||
4.38%, 2/24/2021 | EUR | 500,000 | 776,502 | |||||
1,463,406 | ||||||||
SPAIN — 5.9% | ||||||||
Abertis Infraestructuras SA: | ||||||||
4.63%, 10/14/2016 | EUR | 250,000 | 373,711 | |||||
5.13%, 6/12/2017 | EUR | 50,000 | 76,703 | |||||
5.13%, 6/12/2017 | EUR | 200,000 | 306,813 | |||||
BBVA Senior Finance SAU: | ||||||||
3.25%, 4/23/2015 | EUR | 200,000 | 282,807 | |||||
3.25%, 3/21/2016 | EUR | 300,000 | 428,969 | |||||
3.75%, 1/17/2018 | EUR | 500,000 | 732,446 | |||||
3.88%, 8/6/2015 | EUR | 350,000 | 501,847 | |||||
4.38%, 9/21/2015 | EUR | 300,000 | 434,814 | |||||
CaixaBank: | ||||||||
2.50%, 4/18/2017 | EUR | 200,000 | 280,066 | |||||
3.13%, 5/14/2018 | EUR | 300,000 | 423,686 | |||||
Criteria Caixacorp SA 3.25%, 1/22/2016 | EUR | 200,000 | 284,839 | |||||
Gas Natural Capital Markets SA 4.38%, 11/2/2016 | EUR | 200,000 | 298,839 | |||||
Iberdrola Finanzas SAU 4.13%, 3/23/2020 | EUR | 250,000 | 376,905 | |||||
Santander Consumer Finance SA 1.63%, 4/23/2015 | EUR | 200,000 | 276,951 |
See accompanying notes to financial statements.
230
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Santander International Debt SAU: | ||||||||
3.38%, 12/1/2015 | EUR | 300,000 | $ | 429,225 | ||||
3.50%, 3/10/2015 | EUR | 300,000 | 424,579 | |||||
4.00%, 3/27/2017 | EUR | 300,000 | 441,786 | |||||
4.00%, 1/24/2020 | EUR | 300,000 | 442,428 | |||||
4.13%, 10/4/2017 | EUR | 150,000 | 223,418 | |||||
4.50%, 5/18/2015 | EUR | 200,000 | 287,873 | |||||
4.63%, 3/21/2016 | EUR | 600,000 | 882,555 | |||||
Telefonica Emisiones SAU: | ||||||||
3.66%, 9/18/2017 | EUR | 350,000 | 513,831 | |||||
3.96%, 3/26/2021 | EUR | 200,000 | 291,444 | |||||
3.99%, 1/23/2023 (a) | EUR | 400,000 | 573,448 | |||||
4.38%, 2/2/2016 | EUR | 400,000 | 585,739 | |||||
4.69%, 11/11/2019 | EUR | 400,000 | 611,829 | |||||
4.71%, 1/20/2020 | EUR | 200,000 | 305,426 | |||||
4.75%, 2/7/2017 | EUR | 400,000 | 602,271 | |||||
4.80%, 2/21/2018 | EUR | 300,000 | 457,940 | |||||
5.38%, 2/2/2018 | GBP | 150,000 | 267,024 | |||||
5.50%, 4/1/2016 | EUR | 400,000 | 601,045 | |||||
5.60%, 3/12/2020 | GBP | 100,000 | 176,697 | |||||
5.81%, 9/5/2017 | EUR | 200,000 | 314,161 | |||||
13,512,115 | ||||||||
SWEDEN — 3.8% | ||||||||
Nordea Bank AB: | ||||||||
1.38%, 4/12/2018 | EUR | 300,000 | 411,537 | |||||
2.25%, 10/5/2017 | EUR | 400,000 | 570,140 | |||||
2.75%, 8/11/2015 | EUR | 300,000 | 427,493 | |||||
3.25%, 7/5/2022 | EUR | 200,000 | 290,619 | |||||
3.63%, 2/11/2016 | EUR | 200,000 | 291,610 | |||||
3.75%, 2/24/2017 | EUR | 300,000 | 446,732 | |||||
3.88%, 12/15/2015 | GBP | 100,000 | 173,470 | |||||
4.00%, 7/11/2019 | EUR | 500,000 | 763,177 | |||||
4.00%, 6/29/2020 | EUR | 250,000 | 382,209 | |||||
Skandinaviska Enskilda Banken AB 1.88%, 11/14/2019 | EUR | 200,000 | 273,247 | |||||
Svenska Handelsbanken AB: | ||||||||
1.50%, 7/6/2015 | EUR | 300,000 | 418,841 | |||||
2.25%, 6/14/2018 | EUR | 300,000 | 425,001 | |||||
2.25%, 8/27/2020 | EUR | 200,000 | 276,180 | |||||
2.63%, 8/23/2022 | EUR | 400,000 | 556,058 | |||||
3.38%, 7/17/2017 | EUR | 200,000 | 295,491 | |||||
3.63%, 2/16/2016 | EUR | 200,000 | 291,725 | |||||
3.75%, 2/24/2017 | EUR | 300,000 | 446,329 | |||||
4.38%, 10/20/2021 | EUR | 300,000 | 471,350 | |||||
Swedbank AB: | ||||||||
1.75%, 6/18/2015 | EUR | 300,000 | 419,688 | |||||
2.38%, 4/4/2016 | EUR | 300,000 | 426,613 | |||||
3.38%, 2/9/2017 | EUR | 200,000 | 294,256 | |||||
Volvo Treasury AB 5.00%, 5/31/2017 | EUR | 250,000 | 383,602 | |||||
8,735,368 | ||||||||
SWITZERLAND — 0.7% | ||||||||
Roche Kapitalmarkt AG 4.50%, 3/23/2017 | CHF | 160,000 | 202,993 | |||||
UBS AG/London: | ||||||||
3.13%, 1/18/2016 | EUR | 300,000 | 432,938 | |||||
6.00%, 4/18/2018 | EUR | 300,000 | 489,849 | |||||
6.63%, 4/11/2018 | GBP | 250,000 | 482,516 | |||||
1,608,296 | ||||||||
UNITED ARAB EMIRATES — 0.3% | ||||||||
Xstrata Finance Dubai, Ltd.: | ||||||||
1.75%, 5/19/2016 | EUR | 300,000 | 417,148 | |||||
2.63%, 11/19/2018 | EUR | 200,000 | 278,471 | |||||
695,619 | ||||||||
UNITED KINGDOM — 11.7% | ||||||||
Abbey National Treasury Services PLC: | ||||||||
1.75%, 1/15/2018 | EUR | 200,000 | 276,081 | |||||
3.38%, 10/20/2015 | EUR | 250,000 | 359,266 | |||||
Anglo American Capital PLC 5.88%, 4/17/2015 | EUR | 200,000 | 292,625 | |||||
Barclays Bank PLC: | ||||||||
3.50%, 3/18/2015 | EUR | 350,000 | 498,399 | |||||
4.00%, 1/20/2017 | EUR | 450,000 | 671,494 | |||||
4.13%, 3/15/2016 | EUR | 300,000 | 441,509 | |||||
4.88%, 8/13/2019 | EUR | 450,000 | 717,553 | |||||
BAT International Finance PLC: | ||||||||
5.38%, 6/29/2017 | EUR | 300,000 | 471,122 | |||||
5.88%, 3/12/2015 | EUR | 250,000 | 365,356 | |||||
BG Energy Capital PLC: | ||||||||
3.00%, 11/16/2018 | EUR | 300,000 | 436,496 | |||||
5.00%, 11/4/2036 | GBP | 200,000 | 350,075 | |||||
5.13%, 12/1/2025 | GBP | 150,000 | 268,765 | |||||
BP Capital Markets PLC: | ||||||||
2.18%, 2/16/2016 | EUR | 300,000 | 425,019 | |||||
2.99%, 2/18/2019 | EUR | 200,000 | 290,791 | |||||
3.83%, 10/6/2017 | EUR | 250,000 | 375,591 | |||||
4.33%, 12/10/2018 | GBP | 200,000 | 356,944 | |||||
British Telecommunications PLC: | ||||||||
6.50%, 7/7/2015 | EUR | 400,000 | 597,936 | |||||
8.50%, 12/7/2016 | GBP | 50,000 | 97,620 | |||||
Centrica PLC: | ||||||||
4.38%, 3/13/2029 | GBP | 200,000 | 324,095 | |||||
7.00%, 9/19/2033 | GBP | 150,000 | 321,639 | |||||
Credit Suisse AG/Guernsey 2.88%, 9/24/2015 | EUR | 350,000 | 499,587 | |||||
Credit Suisse AG/London: | ||||||||
3.88%, 1/25/2017 | EUR | 550,000 | 819,584 | |||||
4.75%, 8/5/2019 | EUR | 550,000 | 867,638 | |||||
5.13%, 9/18/2017 | EUR | 500,000 | 782,097 | |||||
Diageo Finance PLC 6.63%, 12/5/2014 | EUR | 150,000 | 218,201 | |||||
GlaxoSmithKline Capital PLC: | ||||||||
3.88%, 7/6/2015 | EUR | 350,000 | 505,553 | |||||
4.25%, 12/18/2045 | GBP | 200,000 | 317,087 | |||||
5.25%, 12/19/2033 | GBP | 200,000 | 370,848 | |||||
5.25%, 4/10/2042 | GBP | 250,000 | 463,097 | |||||
5.63%, 12/13/2017 | EUR | 250,000 | 402,325 | |||||
6.38%, 3/9/2039 | GBP | 200,000 | 424,907 | |||||
HSBC Bank PLC: | ||||||||
3.13%, 11/15/2017 | EUR | 300,000 | 440,747 | |||||
3.75%, 11/30/2016 | EUR | 250,000 | 372,487 | |||||
3.88%, 10/24/2018 | EUR | 300,000 | 456,497 | |||||
4.00%, 1/15/2021 | EUR | 300,000 | 465,393 |
See accompanying notes to financial statements.
231
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.75%, 3/12/2015 | AUD | 100,000 | $ | 92,961 | ||||
Imperial Tobacco Finance PLC: | ||||||||
8.38%, 2/17/2016 | EUR | 300,000 | 475,535 | |||||
9.00%, 2/17/2022 | GBP | 250,000 | 547,680 | |||||
Lloyds Bank PLC 1.88%, 10/10/2018 | EUR | 200,000 | 276,525 | |||||
Lloyds TSB Bank PLC: | ||||||||
4.63%, 2/2/2017 | EUR | 200,000 | 303,535 | |||||
5.38%, 9/3/2019 | EUR | 200,000 | 326,050 | |||||
6.38%, 6/17/2016 | EUR | 400,000 | 621,388 | |||||
6.50%, 9/17/2040 | GBP | 250,000 | 506,791 | |||||
Nationwide Building Society: | ||||||||
3.13%, 4/3/2017 | EUR | 200,000 | 290,299 | |||||
3.75%, 1/20/2015 | EUR | 300,000 | 425,952 | |||||
5.63%, 9/9/2019 | GBP | 150,000 | 279,770 | |||||
SABMiller PLC 4.50%, 1/20/2015 | EUR | 200,000 | 286,589 | |||||
Standard Chartered Bank 4.38%, 1/18/2038 | GBP | 200,000 | 309,204 | |||||
Standard Chartered PLC: | ||||||||
1.63%, 11/20/2018 | EUR | 300,000 | 406,250 | |||||
1.75%, 10/29/2017 | EUR | 300,000 | 415,768 | |||||
3.63%, 12/15/2015 | EUR | 300,000 | 435,235 | |||||
3.88%, 10/20/2016 | EUR | 300,000 | 443,963 | |||||
4.13%, 1/18/2019 | EUR | 100,000 | 151,448 | |||||
Tesco PLC: | ||||||||
5.88%, 9/12/2016 | EUR | 250,000 | 388,243 | |||||
6.13%, 2/24/2022 | GBP | 150,000 | 281,399 | |||||
Thames Water Utilities Finance, Ltd. 5.13%, 9/28/2037 | GBP | 150,000 | 261,590 | |||||
The Royal Bank of Scotland Group PLC 1.50%, 11/28/2016 | EUR | 300,000 | 414,844 | |||||
The Royal Bank of Scotland PLC: | ||||||||
4.88%, 1/20/2017 | EUR | 350,000 | 531,800 | |||||
5.38%, 9/30/2019 | EUR | 500,000 | 794,904 | |||||
5.50%, 3/23/2020 | EUR | 200,000 | 321,041 | |||||
7.50%, 4/29/2024 | GBP | 200,000 | 416,482 | |||||
Vodafone Group PLC: | ||||||||
4.65%, 1/20/2022 (a) | EUR | 300,000 | 473,615 | |||||
6.25%, 1/15/2016 | EUR | 300,000 | 458,168 | |||||
Western Power Distribution East Midlands PLC 5.25%, 1/17/2023 | GBP | 100,000 | 180,057 | |||||
Western Power Distribution West Midlands PLC 5.75%, 4/16/2032 | GBP | 200,000 | 372,716 | |||||
26,834,226 | ||||||||
UNITED STATES — 16.0% | ||||||||
Amgen, Inc. 4.00%, 9/13/2029 | GBP | 200,000 | 305,479 | |||||
AT&T, Inc.: | ||||||||
1.88%, 12/4/2020 | EUR | 200,000 | 267,849 | |||||
2.50%, 3/15/2023 | EUR | 300,000 | 399,549 | |||||
2.65%, 12/17/2021 | EUR | 200,000 | 278,099 | |||||
3.50%, 12/17/2025 | EUR | 200,000 | 277,751 | |||||
3.55%, 12/17/2032 | EUR | 400,000 | 528,030 | |||||
4.25%, 6/1/2043 | GBP | 200,000 | 291,460 | |||||
4.88%, 6/1/2044 | GBP | 300,000 | 483,958 | |||||
5.88%, 4/28/2017 | GBP | 100,000 | 184,510 | |||||
5.88%, 4/28/2017 | GBP | 50,000 | 92,255 | |||||
6.13%, 4/2/2015 | EUR | 100,000 | 146,982 | |||||
6.13%, 4/2/2015 | EUR | 350,000 | 514,436 | |||||
7.00%, 4/30/2040 | GBP | 200,000 | 425,732 | |||||
Bank of America Corp.: | ||||||||
2.50%, 7/27/2020 | EUR | 350,000 | 484,043 | |||||
4.63%, 8/7/2017 | EUR | 400,000 | 608,564 | |||||
4.75%, 4/3/2017 | EUR | 350,000 | 531,451 | |||||
6.13%, 9/15/2021 | GBP | 200,000 | 380,498 | |||||
7.00%, 6/15/2016 | EUR | 400,000 | 627,840 | |||||
7.00%, 7/31/2028 | GBP | 250,000 | 516,134 | |||||
BMW US Capital LLC: | ||||||||
1.00%, 7/18/2017 | EUR | 200,000 | 274,369 | |||||
5.00%, 5/28/2015 | EUR | 450,000 | 656,890 | |||||
Citigroup, Inc.: | ||||||||
3.50%, 8/5/2015 | EUR | 300,000 | 430,177 | |||||
4.00%, 11/26/2015 | EUR | 200,000 | 291,185 | |||||
4.38%, 1/30/2017 | EUR | 300,000 | 452,656 | |||||
5.00%, 8/2/2019 | EUR | 550,000 | 869,317 | |||||
7.38%, 9/4/2019 | EUR | 450,000 | 789,110 | |||||
DIRECTV Holdings LLC/DIRECTV Financing Co, Inc. 4.38%, 9/14/2029 | GBP | 200,000 | 299,728 | |||||
GE Capital European Funding 1.63%, 3/15/2018 | EUR | 300,000 | 413,414 | |||||
Heathrow Funding, Ltd.: | ||||||||
4.63%, 10/31/2046 | GBP | 200,000 | 320,593 | |||||
5.23%, 2/15/2023 | GBP | 150,000 | 268,722 | |||||
5.88%, 5/13/2041 | GBP | 200,000 | 382,378 | |||||
6.45%, 12/10/2031 | GBP | 150,000 | 300,167 | |||||
6.75%, 12/3/2026 | GBP | 150,000 | 304,154 | |||||
HSBC Finance Corp.: | ||||||||
3.75%, 11/4/2015 | EUR | 300,000 | 434,037 | |||||
4.88%, 5/30/2017 | EUR | 200,000 | 307,701 | |||||
4.88%, 5/30/2017 | EUR | 100,000 | 153,850 | |||||
International Business Machines Corp.: | ||||||||
1.38%, 11/19/2019 | EUR | 100,000 | 133,617 | |||||
1.38%, 11/19/2019 | EUR | 200,000 | 267,235 | |||||
1.88%, 11/6/2020 | EUR | 300,000 | 407,061 | |||||
2.75%, 12/21/2020 | GBP | 200,000 | 322,743 | |||||
2.88%, 11/7/2025 | EUR | 200,000 | 272,248 | |||||
Johnson & Johnson: | ||||||||
4.75%, 11/6/2019 | EUR | 150,000 | 243,400 | |||||
4.75%, 11/6/2019 | EUR | 100,000 | 162,266 | |||||
JPMorgan Chase & Co.: | ||||||||
1.88%, 11/21/2019 | EUR | 300,000 | 408,126 | |||||
2.63%, 4/23/2021 | EUR | 400,000 | 556,764 | |||||
2.75%, 8/24/2022 | EUR | 300,000 | 416,583 | |||||
2.75%, 2/1/2023 | EUR | 400,000 | 554,039 | |||||
3.75%, 6/15/2016 | EUR | 200,000 | 293,721 | |||||
3.88%, 9/23/2020 | EUR | 300,000 | 453,582 | |||||
5.25%, 1/14/2015 | EUR | 250,000 | 360,504 | |||||
Merrill Lynch & Co., Inc. 7.75%, 4/30/2018 | GBP | 200,000 | 395,410 |
See accompanying notes to financial statements.
232
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Morgan Stanley: | ||||||||
2.25%, 3/12/2018 | EUR | 300,000 | $ | 419,546 | ||||
3.75%, 9/21/2017 | EUR | 300,000 | 442,572 | |||||
4.00%, 11/17/2015 | EUR | 300,000 | 435,542 | |||||
4.38%, 10/12/2016 | EUR | 200,000 | 297,825 | |||||
4.50%, 2/23/2016 | EUR | 450,000 | 662,210 | |||||
5.38%, 8/10/2020 | EUR | 300,000 | 482,296 | |||||
5.50%, 10/2/2017 | EUR | 200,000 | 312,924 | |||||
Oracle Corp. 2.25%, 1/10/2021 | EUR | 300,000 | 415,199 | |||||
Pfizer, Inc.: | ||||||||
4.75%, 6/3/2016 | EUR | 500,000 | 753,617 | |||||
5.75%, 6/3/2021 | EUR | 450,000 | 764,791 | |||||
6.50%, 6/3/2038 | GBP | 350,000 | 753,155 | |||||
Philip Morris International, Inc. 1.75%, 3/19/2020 | EUR | 300,000 | 403,794 | |||||
Roche Holdings, Inc.: | ||||||||
5.50%, 3/4/2015 | GBP | 300,000 | 522,364 | |||||
5.63%, 3/4/2016 | EUR | 400,000 | 608,838 | |||||
6.50%, 3/4/2021 | EUR | 350,000 | 619,401 | |||||
SABMiller Holdings, Inc. 1.88%, 1/20/2020 | EUR | 200,000 | 271,100 | |||||
The Goldman Sachs Group, Inc.: | ||||||||
2.63%, 8/19/2020 | EUR | 300,000 | 413,089 | |||||
3.25%, 2/1/2023 | EUR | 200,000 | 278,087 | |||||
4.00%, 2/2/2015 | EUR | 430,000 | 611,749 | |||||
4.38%, 3/16/2017 | EUR | 250,000 | 374,020 | |||||
4.50%, 5/9/2016 | EUR | 300,000 | 443,681 | |||||
4.50%, 1/30/2017 | EUR | 200,000 | 299,952 | |||||
5.13%, 10/23/2019 | EUR | 200,000 | 314,508 | |||||
6.38%, 5/2/2018 | EUR | 350,000 | 570,730 | |||||
The Procter & Gamble Co.: | ||||||||
2.00%, 8/16/2022 | EUR | 300,000 | 399,845 | |||||
4.88%, 5/11/2027 | EUR | 200,000 | 328,197 | |||||
5.13%, 10/24/2017 | EUR | 250,000 | 395,582 | |||||
Toyota Motor Credit Corp.: | ||||||||
1.25%, 8/1/2017 | EUR | 200,000 | 277,547 | |||||
1.80%, 7/23/2020 | EUR | 200,000 | 270,734 | |||||
6.63%, 2/3/2016 | EUR | 300,000 | 464,081 | |||||
Wal-Mart Stores, Inc.: | ||||||||
4.88%, 9/21/2029 | EUR | 200,000 | 329,371 | |||||
4.88%, 1/19/2039 | GBP | 250,000 | 449,125 | |||||
5.25%, 9/28/2035 | GBP | 250,000 | 468,058 | |||||
5.63%, 3/27/2034 | GBP | 250,000 | 491,223 | |||||
Wells Fargo & Co.: | ||||||||
2.25%, 9/3/2020 | EUR | 200,000 | 275,013 | |||||
2.25%, 5/2/2023 | EUR | 300,000 | 398,776 | |||||
2.63%, 8/16/2022 | EUR | 350,000 | 482,677 | |||||
4.13%, 11/3/2016 | EUR | 150,000 | 224,406 | |||||
4.13%, 11/3/2016 | EUR | 150,000 | 224,406 | |||||
4.63%, 11/2/2035 | GBP | 200,000 | 336,397 | |||||
36,826,795 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $214,047,409) | 223,879,972 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 1.0% | ||||||||
MONEY MARKET FUNDS — 1.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 2,299,590 | 2,299,590 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e) | 138,743 | 138,743 | ||||||
TOTAL SHORT TERM INVESTMENTS — (f) | ||||||||
(Cost $2,438,333) | 2,438,333 | |||||||
TOTAL INVESTMENTS — 98.4% (g) | ||||||||
(Cost $216,485,742) | 226,318,305 | |||||||
OTHER ASSETS & LIABILITIES — 1.6% | 3,586,066 | |||||||
NET ASSETS — 100.0% | $ | 229,904,371 | ||||||
(a) | A portion of the security was on loan at December 31, 2013. | |||||
(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, 2013, 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) |
See accompanying notes to financial statements.
233
SPDR Barclays International Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
At December 31, 2013, Open Forward Foreign Currency Contracts were as follows:
Forward Foreign Currency Contracts to Buy:
Net Unrealized | ||||||||||||||||||
Appreciation/ | ||||||||||||||||||
Settlement Date | Contracts to Deliver | In Exchange for | (Depreciation) | Counterparty | ||||||||||||||
1/7/2014 | 122,000,000 | JPY | 855,853 | EUR | $ | 18,575 | Barclays Bank PLC | |||||||||||
1/7/2014 | 12,000,000 | JPY | 85,980 | EUR | 4,304 | Royal Bank of Scotland PLC | ||||||||||||
1/7/2014 | 30,000,000 | JPY | 210,480 | EUR | 4,602 | UBS AG London | ||||||||||||
1/7/2014 | 18,200,000 | JPY | 127,686 | EUR | 2,784 | Citibank N.A. | ||||||||||||
2/7/2014 | 12,000,000 | JPY | 84,197 | EUR | 1,826 | Royal Bank of Scotland PLC | ||||||||||||
1/7/2014 | 130,965 | EUR | 18,200,000 | JPY | (7,303 | ) | Citibank N.A. | |||||||||||
1/7/2014 | 877,856 | EUR | 122,000,000 | JPY | (48,894 | ) | Barclays Bank PLC | |||||||||||
1/7/2014 | 215,877 | EUR | 30,000,000 | JPY | (12,037 | ) | UBS AG London | |||||||||||
1/7/2014 | 84,185 | EUR | 12,000,000 | JPY | (1,831 | ) | Royal Bank of Scotland PLC | |||||||||||
2/7/2014 | 127,707 | EUR | 18,200,000 | JPY | (2,782 | ) | Citibank N.A. | |||||||||||
2/7/2014 | 855,974 | EUR | 122,000,000 | JPY | (18,528 | ) | Barclays Bank PLC | |||||||||||
2/7/2014 | 210,517 | EUR | 30,000,000 | JPY | (4,599 | ) | UBS AG London | |||||||||||
$ | (63,883 | ) | ||||||||||||||||
AUD = Australian Dollar
CHF = Swiss Franc
EUR = Euro
GBP = Great British Pound
JPY = Japanese Yen
PLC = Public Limited Company
See accompanying notes to financial statements.
234
SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
FOREIGN GOVERNMENT OBLIGATIONS — 95.6% | ||||||||
BRAZIL — 11.4% | ||||||||
Brazil Letras do Tesouro Nacional: | ||||||||
Zero Coupon, 1/1/2015 (a) | BRL | 5,710,000 | $ | 2,185,091 | ||||
Zero Coupon, 4/1/2015 (a) | BRL | 850,000 | 316,343 | |||||
Zero Coupon, 7/1/2015 (a) | BRL | 9,150,000 | 3,305,961 | |||||
Zero Coupon, 1/1/2016 (a) | BRL | 6,160,000 | 2,090,196 | |||||
Zero Coupon, 7/1/2016 (a) | BRL | 10,390,000 | 3,307,321 | |||||
Zero Coupon, 1/1/2017 (a) | BRL | 4,800,000 | 1,432,759 | |||||
Brazil Notas do Tesouro Nacional Series F: | ||||||||
10.00%, 1/1/2015 | BRL | 3,085,000 | 1,301,838 | |||||
10.00%, 1/1/2017 | BRL | 5,340,000 | 2,137,928 | |||||
10.00%, 1/1/2018 | BRL | 2,740,000 | 1,071,580 | |||||
10.00%, 1/1/2019 | BRL | 1,250,000 | 478,596 | |||||
10.00%, 1/1/2021 | BRL | 2,280,000 | 839,230 | |||||
10.00%, 1/1/2023 | BRL | 5,130,000 | 1,837,749 | |||||
Brazilian Government International Bond: | ||||||||
8.50%, 1/5/2024 | BRL | 350,000 | 129,808 | |||||
10.25%, 1/10/2028 | BRL | 500,000 | 205,044 | |||||
12.50%, 1/5/2016 | BRL | 250,000 | 109,940 | |||||
12.50%, 1/5/2022 | BRL | 250,000 | 118,152 | |||||
20,867,536 | ||||||||
CHILE — 1.4% | ||||||||
Bonos del Banco Central de Chile en Pesos: | ||||||||
6.00%, 5/1/2015 | CLP | 145,000,000 | 284,233 | |||||
6.00%, 2/1/2016 | CLP | 130,000,000 | 260,742 | |||||
6.00%, 8/1/2016 | CLP | 140,000,000 | 282,052 | |||||
6.00%, 1/1/2017 | CLP | 25,000,000 | 50,752 | |||||
6.00%, 6/1/2017 | CLP | 120,000,000 | 238,721 | |||||
6.00%, 3/1/2018 | CLP | 80,000,000 | 161,812 | |||||
6.00%, 6/1/2018 | CLP | 145,000,000 | 290,083 | |||||
6.00%, 2/1/2021 | CLP | 155,000,000 | 318,820 | |||||
6.00%, 3/1/2022 | CLP | 125,000,000 | 256,827 | |||||
6.00%, 3/1/2023 | CLP | 80,000,000 | 165,024 | |||||
Chile Government International Bond: | ||||||||
5.50%, 8/5/2020 | CLP | 47,000,000 | 90,887 | |||||
5.50%, 8/5/2020 | CLP | 100,000,000 | 193,377 | |||||
2,593,330 | ||||||||
COLOMBIA — 4.2% | ||||||||
Colombia Government International Bond: | ||||||||
4.38%, 3/21/2023 (b) | COP | 138,000,000 | 63,221 | |||||
7.75%, 4/14/2021 | COP | 470,000,000 | 268,450 | |||||
9.85%, 6/28/2027 | COP | 255,000,000 | 165,354 | |||||
12.00%, 10/22/2015 | COP | 400,000,000 | 233,333 | |||||
Colombian TES: | ||||||||
7.00%, 5/4/2022 | COP | 2,500,000,000 | 1,306,936 | |||||
7.25%, 6/15/2016 | COP | 2,750,000,000 | 1,496,558 | |||||
7.50%, 8/26/2026 | COP | 1,000,000,000 | 526,501 | |||||
8.00%, 10/28/2015 | COP | 1,240,000,000 | 679,754 | |||||
10.00%, 7/24/2024 | COP | 1,500,000,000 | 956,444 | |||||
11.00%, 7/24/2020 | COP | 1,500,000,000 | 948,447 | |||||
11.25%, 10/24/2018 | COP | 1,210,000,000 | 754,246 | |||||
13.50%, 9/12/2014 | COP | 500,000,000 | 274,897 | |||||
7,674,141 | ||||||||
CZECH REPUBLIC — 3.8% | ||||||||
Czech Republic Government Bond: | ||||||||
0.50%, 7/28/2016 | CZK | 4,000,000 | 201,519 | |||||
1.50%, 10/29/2019 | CZK | 9,000,000 | 450,121 | |||||
2.50%, 8/25/2028 | CZK | 4,500,000 | 208,909 | |||||
3.40%, 9/1/2015 | CZK | 12,100,000 | 641,542 | |||||
3.75%, 9/12/2020 | CZK | 12,400,000 | 696,447 | |||||
3.85%, 9/29/2021 | CZK | 13,300,000 | 749,746 | |||||
4.00%, 4/11/2017 | CZK | 13,500,000 | 752,656 | |||||
4.20%, 12/4/2036 | CZK | 7,300,000 | 413,349 | |||||
4.60%, 8/18/2018 | CZK | 8,800,000 | 513,934 | |||||
4.70%, 9/12/2022 | CZK | 16,200,000 | 969,489 | |||||
5.00%, 4/11/2019 | CZK | 9,600,000 | 573,787 | |||||
5.70%, 5/25/2024 | CZK | 6,200,000 | 401,002 | |||||
6.95%, 1/26/2016 | CZK | 7,900,000 | 452,493 | |||||
7,024,994 | ||||||||
HUNGARY — 3.0% | ||||||||
Hungary Government Bond: | ||||||||
5.50%, 2/12/2016 | HUF | 127,000,000 | 611,334 | |||||
5.50%, 12/22/2016 | HUF | 180,000,000 | 867,555 | |||||
5.50%, 12/20/2018 | HUF | 162,000,000 | 776,892 | |||||
6.00%, 11/24/2023 | HUF | 94,000,000 | 446,822 | |||||
6.50%, 6/24/2019 | HUF | 90,000,000 | 449,975 | |||||
6.75%, 2/24/2017 | HUF | 130,000,000 | 647,165 | |||||
6.75%, 11/24/2017 | HUF | 47,000,000 | 236,133 | |||||
7.00%, 6/24/2022 | HUF | 49,000,000 | 247,964 | |||||
7.50%, 11/12/2020 | HUF | 94,200,000 | 491,313 | |||||
7.75%, 8/24/2015 | HUF | 45,000,000 | 223,210 | |||||
8.00%, 2/12/2015 | HUF | 94,500,000 | 461,213 | |||||
5,459,576 | ||||||||
INDONESIA — 4.4% | ||||||||
Indonesia Treasury Bond: | ||||||||
5.25%, 5/15/2018 | IDR | 3,900,000,000 | 288,414 | |||||
5.63%, 5/15/2023 | IDR | 9,700,000,000 | 655,567 | |||||
6.13%, 5/15/2028 | IDR | 11,300,000,000 | 719,597 | |||||
6.25%, 4/15/2017 | IDR | 1,500,000,000 | 117,708 | |||||
6.38%, 4/15/2042 | IDR | 1,700,000,000 | 99,178 | |||||
6.63%, 5/15/2033 | IDR | 8,800,000,000 | 567,625 | |||||
7.00%, 5/15/2022 | IDR | 4,190,000,000 | 313,303 | |||||
7.00%, 5/15/2027 | IDR | 2,300,000,000 | 159,696 | |||||
7.38%, 9/15/2016 | IDR | 1,735,000,000 | 140,425 | |||||
7.88%, 4/15/2019 | IDR | 2,500,000,000 | 203,164 | |||||
8.25%, 7/15/2021 | IDR | 4,340,000,000 | 352,257 | |||||
8.25%, 6/15/2032 | IDR | 7,510,000,000 | 572,352 | |||||
8.38%, 3/15/2024 | IDR | 10,300,000,000 | 844,228 | |||||
8.38%, 9/15/2026 | IDR | 500,000,000 | 39,211 | |||||
8.38%, 3/15/2034 | IDR | 3,500,000,000 | 272,773 | |||||
9.50%, 6/15/2015 | IDR | 6,270,000,000 | 527,309 |
See accompanying notes to financial statements.
235
SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
9.50%, 7/15/2031 | IDR | 580,000,000 | $ | 49,565 | ||||
9.50%, 5/15/2041 | IDR | 2,000,000,000 | 167,954 | |||||
9.75%, 5/15/2037 | IDR | 1,250,000,000 | 107,590 | |||||
10.00%, 7/15/2017 | IDR | 1,800,000,000 | 158,258 | |||||
10.00%, 9/15/2024 | IDR | 1,000,000,000 | 88,989 | |||||
10.00%, 2/15/2028 | IDR | 1,400,000,000 | 123,665 | |||||
10.50%, 8/15/2030 | IDR | 2,600,000,000 | 240,217 | |||||
10.75%, 5/15/2016 | IDR | 2,100,000,000 | 182,909 | |||||
11.00%, 11/15/2020 | IDR | 4,990,000,000 | 464,980 | |||||
11.00%, 9/15/2025 | IDR | 2,950,000,000 | 280,577 | |||||
11.50%, 9/15/2019 | IDR | 680,000,000 | 63,865 | |||||
12.80%, 6/15/2021 | IDR | 2,150,000,000 | 219,947 | |||||
8,021,323 | ||||||||
ISRAEL — 4.3% | ||||||||
Israel Government Bond — Fixed: | ||||||||
4.00%, 1/31/2018 | ILS | 2,600,000 | 806,201 | |||||
4.25%, 8/31/2016 | ILS | 2,000,000 | 618,004 | |||||
4.25%, 3/31/2023 | ILS | 2,950,000 | 888,694 | |||||
4.50%, 1/30/2015 | ILS | 1,310,000 | 391,670 | |||||
5.00%, 1/31/2020 | ILS | 2,600,000 | 843,949 | |||||
5.50%, 2/28/2017 | ILS | 3,450,000 | 1,110,231 | |||||
5.50%, 1/31/2022 | ILS | 1,820,000 | 602,613 | |||||
5.50%, 1/31/2042 | ILS | 1,050,000 | 322,977 | |||||
6.00%, 2/28/2019 | ILS | 2,050,000 | 693,356 | |||||
6.25%, 10/30/2026 | ILS | 2,230,000 | 777,906 | |||||
Israel Government Bond — Shahar 6.50%, 1/31/2016 | ILS | 2,350,000 | 749,931 | |||||
7,805,532 | ||||||||
MALAYSIA — 4.6% | ||||||||
Malaysia Government Bond: | ||||||||
3.17%, 7/15/2016 | MYR | 2,920,000 | 887,981 | |||||
3.20%, 10/15/2015 | MYR | 1,470,000 | 447,883 | |||||
3.26%, 3/1/2018 | MYR | 1,910,000 | 573,747 | |||||
3.31%, 10/31/2017 | MYR | 1,210,000 | 364,745 | |||||
3.42%, 8/15/2022 | MYR | 1,200,000 | 346,579 | |||||
3.48%, 3/15/2023 | MYR | 1,460,000 | 424,124 | |||||
3.49%, 3/31/2020 | MYR | 1,200,000 | 356,016 | |||||
3.50%, 5/31/2027 | MYR | 600,000 | 165,677 | |||||
3.58%, 9/28/2018 | MYR | 1,500,000 | 453,920 | |||||
3.73%, 6/15/2028 | MYR | 240,000 | 67,853 | |||||
3.74%, 2/27/2015 | MYR | 1,125,000 | 345,167 | |||||
3.84%, 4/15/2033 | MYR | 1,100,000 | 305,149 | |||||
3.89%, 7/31/2020 | MYR | 1,750,000 | 530,601 | |||||
3.89%, 3/15/2027 | MYR | 600,000 | 174,587 | |||||
4.01%, 9/15/2017 | MYR | 970,000 | 299,776 | |||||
4.13%, 4/15/2032 | MYR | 300,000 | 85,886 | |||||
4.16%, 7/15/2021 | MYR | 2,390,000 | 733,328 | |||||
4.23%, 6/30/2031 | MYR | 200,000 | 58,624 | |||||
4.26%, 9/15/2016 | MYR | 3,210,000 | 1,002,795 | |||||
4.38%, 11/29/2019 | MYR | 840,000 | 261,478 | |||||
4.39%, 4/15/2026 | MYR | 1,200,000 | 361,412 | |||||
4.50%, 4/15/2030 | MYR | 100,000 | 30,329 | |||||
4.94%, 9/30/2043 | MYR | 150,000 | 46,388 | |||||
8,324,045 | ||||||||
MEXICO — 9.1% | ||||||||
Mexican Bonos: | ||||||||
4.75%, 6/14/2018 | MXN | 4,500,000 | 335,384 | |||||
5.00%, 6/15/2017 | MXN | 14,900,000 | 1,145,130 | |||||
6.00%, 6/18/2015 | MXN | 18,800,000 | 1,481,557 | |||||
6.25%, 6/16/2016 | MXN | 25,200,000 | 2,020,443 | |||||
6.50%, 6/10/2021 | MXN | 8,300,000 | 650,181 | |||||
6.50%, 6/9/2022 | MXN | 12,800,000 | 987,979 | |||||
7.50%, 6/3/2027 | MXN | 20,920,000 | 1,703,241 | |||||
7.75%, 12/14/2017 | MXN | 9,800,000 | 820,221 | |||||
7.75%, 5/29/2031 | MXN | 18,200,000 | 1,454,735 | |||||
7.75%, 11/13/2042 | MXN | 12,100,000 | 943,125 | |||||
8.00%, 6/11/2020 | MXN | 8,700,000 | 742,175 | |||||
8.00%, 12/7/2023 | MXN | 13,900,000 | 1,180,430 | |||||
8.50%, 5/31/2029 | MXN | 8,250,000 | 715,479 | |||||
8.50%, 11/18/2038 | MXN | 3,500,000 | 295,174 | |||||
10.00%, 11/20/2036 | MXN | 6,300,000 | 610,898 | |||||
United Mexican States: | ||||||||
7.25%, 12/15/2016 | MXN | 9,300,000 | 764,202 | |||||
8.50%, 12/13/2018 | MXN | 9,000,000 | 776,868 | |||||
16,627,222 | ||||||||
NIGERIA — 2.0% | ||||||||
Nigeria Government Bond: | ||||||||
4.00%, 4/23/2015 (c) | NGN | 140,500,000 | 780,634 | |||||
7.00%, 10/23/2019 | NGN | 132,000,000 | 625,744 | |||||
10.00%, 7/23/2030 (c) | NGN | 120,000,000 | 586,908 | |||||
10.70%, 5/30/2018 | NGN | 133,300,000 | 766,306 | |||||
15.10%, 4/27/2017 (c) | NGN | 29,000,000 | 190,426 | |||||
16.39%, 1/27/2022 (c) | NGN | 105,000,000 | 756,368 | |||||
3,706,386 | ||||||||
PERU — 1.7% | ||||||||
Peru Government Bond 6.95%, 8/12/2031 | PEN | 1,240,000 | 442,936 | |||||
Peruvian Government International Bond: | ||||||||
5.20%, 9/12/2023 | PEN | 600,000 | 208,746 | |||||
6.85%, 2/12/2042 | PEN | 1,230,000 | 424,499 | |||||
6.90%, 8/12/2037 | PEN | 400,000 | 139,894 | |||||
6.90%, 8/12/2037 | PEN | 300,000 | 104,920 | |||||
7.84%, 8/12/2020 | PEN | 2,460,000 | 1,001,434 | |||||
8.20%, 8/12/2026 | PEN | 1,320,000 | 553,685 | |||||
8.60%, 8/12/2017 | PEN | 530,000 | 217,613 | |||||
9.91%, 5/5/2015 | PEN | 115,000 | 44,381 | |||||
3,138,108 | ||||||||
PHILIPPINES — 4.1% | ||||||||
Philippine Government Bond: | ||||||||
3.88%, 11/22/2019 | PHP | 18,600,000 | 434,286 | |||||
5.00%, 8/18/2018 | PHP | 19,900,000 | 486,043 | |||||
5.75%, 11/24/2021 | PHP | 14,500,000 | 378,283 | |||||
5.88%, 1/31/2018 | PHP | 3,400,000 | 84,996 | |||||
5.88%, 12/16/2020 | PHP | 27,100,000 | 705,630 | |||||
6.13%, 10/24/2037 | PHP | 14,500,000 | 359,545 | |||||
6.38%, 1/19/2022 | PHP | 35,200,000 | 946,023 | |||||
7.00%, 1/27/2016 | PHP | 20,800,000 | 515,350 | |||||
7.00%, 3/31/2017 | PHP | 6,000,000 | 154,177 | |||||
7.38%, 3/3/2021 | PHP | 10,000,000 | 282,538 | |||||
7.75%, 8/23/2017 | PHP | 5,000,000 | 132,061 |
See accompanying notes to financial statements.
236
SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
7.75%, 2/18/2020 | PHP | 4,100,000 | $ | 115,419 | ||||
7.88%, 2/19/2019 | PHP | 5,000,000 | 138,065 | |||||
8.00%, 7/19/2031 | PHP | 43,387,338 | 1,338,559 | |||||
8.13%, 12/16/2035 | PHP | 34,200,000 | 1,050,396 | |||||
8.38%, 5/22/2015 | PHP | 1,800,000 | 44,393 | |||||
Philippine Government International Bond 6.25%, 1/14/2036 | PHP | 10,000,000 | 238,833 | |||||
7,404,597 | ||||||||
POLAND — 8.3% | ||||||||
Poland Government Bond: | ||||||||
Zero Coupon, 7/25/2015 (a) | PLN | 4,200,000 | 1,333,698 | |||||
Zero Coupon, 1/25/2016 (a) | PLN | 2,900,000 | 903,412 | |||||
2.50%, 7/25/2018 | PLN | 3,400,000 | 1,070,440 | |||||
3.75%, 4/25/2018 | PLN | 1,850,000 | 617,756 | |||||
4.00%, 10/25/2023 | PLN | 3,200,000 | 1,031,971 | |||||
4.75%, 10/25/2016 | PLN | 2,600,000 | 895,259 | |||||
4.75%, 4/25/2017 | PLN | 3,350,000 | 1,157,948 | |||||
5.00%, 4/25/2016 | PLN | 3,600,000 | 1,243,169 | |||||
5.25%, 10/25/2017 | PLN | 3,600,000 | �� | 1,268,223 | ||||
5.25%, 10/25/2020 | PLN | 2,640,000 | 938,314 | |||||
5.50%, 4/25/2015 | PLN | 990,000 | 339,669 | |||||
5.50%, 10/25/2019 | PLN | 3,450,000 | 1,237,074 | |||||
5.75%, 10/25/2021 | PLN | 2,200,000 | 801,273 | |||||
5.75%, 9/23/2022 | PLN | 3,400,000 | 1,243,151 | |||||
5.75%, 4/25/2029 | PLN | 1,130,000 | 418,116 | |||||
6.25%, 10/24/2015 | PLN | 2,100,000 | 737,553 | |||||
15,237,026 | ||||||||
ROMANIA — 2.1% | ||||||||
Romania Government Bond: | ||||||||
4.75%, 8/29/2016 | RON | 760,000 | 238,716 | |||||
5.60%, 11/28/2018 | RON | 1,600,000 | 510,271 | |||||
5.75%, 1/27/2016 | RON | 4,200,000 | 1,344,749 | |||||
5.75%, 4/29/2020 | RON | 580,000 | 185,224 | |||||
5.85%, 4/26/2023 | RON | 1,200,000 | 385,803 | |||||
5.90%, 7/26/2017 | RON | 2,020,000 | 653,476 | |||||
6.00%, 4/30/2016 | RON | 1,400,000 | 450,873 | |||||
3,769,112 | ||||||||
RUSSIA — 6.0% | ||||||||
Russian Federal Bond — OFZ: | ||||||||
6.20%, 1/31/2018 | RUB | 49,000,000 | 1,452,404 | |||||
6.80%, 12/11/2019 (d) | RUB | 25,400,000 | 757,594 | |||||
6.88%, 7/15/2015 | RUB | 9,000,000 | 276,217 | |||||
6.90%, 8/3/2016 | RUB | 32,500,000 | 997,946 | |||||
6.90%, 2/6/2036 | RUB | 4,500,000 | 119,279 | |||||
7.00%, 1/25/2023 | RUB | 15,100,000 | 443,212 | |||||
7.00%, 8/16/2023 | RUB | 8,000,000 | 232,818 | |||||
7.05%, 1/19/2028 | RUB | 43,600,000 | 1,234,632 | |||||
7.35%, 1/20/2016 | RUB | 23,200,000 | 722,264 | |||||
7.40%, 6/14/2017 | RUB | 22,620,000 | 701,798 | |||||
7.50%, 3/15/2018 | RUB | 29,000,000 | 903,625 | |||||
7.50%, 2/27/2019 | RUB | 27,000,000 | 837,690 | |||||
7.60%, 4/14/2021 | RUB | 13,300,000 | 410,009 | |||||
7.60%, 7/20/2022 | RUB | 18,000,000 | 549,971 | |||||
8.15%, 2/3/2027 | RUB | 24,500,000 | 769,819 | |||||
11.20%, 12/17/2014 | RUB | 6,400,000 | 204,212 | |||||
Russian Foreign Bond — Eurobond 7.85%, 3/10/2018 | RUB | 10,000,000 | 313,664 | |||||
10,927,154 | ||||||||
SOUTH AFRICA — 4.5% | ||||||||
South Africa Government Bond: | ||||||||
6.25%, 3/31/2036 | ZAR | 4,200,000 | 294,646 | |||||
6.50%, 2/28/2041 | ZAR | 14,000,000 | 984,996 | |||||
6.75%, 3/31/2021 | ZAR | 11,200,000 | 1,016,995 | |||||
7.00%, 2/28/2031 | ZAR | 7,900,000 | 628,907 | |||||
7.25%, 1/15/2020 | ZAR | 6,650,000 | 628,210 | |||||
7.75%, 2/28/2023 | ZAR | 7,550,000 | 714,146 | |||||
8.00%, 12/21/2018 | ZAR | 8,700,000 | 858,986 | |||||
8.00%, 1/31/2030 | ZAR | 4,200,000 | 374,962 | |||||
8.25%, 9/15/2017 | ZAR | 7,300,000 | 726,761 | |||||
8.75%, 12/21/2014 | ZAR | 1,150,000 | 113,630 | |||||
10.50%, 12/21/2026 | ZAR | 9,100,000 | 1,023,807 | |||||
13.50%, 9/15/2015 | ZAR | 7,120,000 | 759,187 | |||||
8,125,233 | ||||||||
SOUTH KOREA — 12.1% | ||||||||
Korea Treasury Bond: | ||||||||
2.75%, 12/10/2015 | KRW | 2,214,000,000 | 2,096,231 | |||||
2.75%, 6/10/2016 | KRW | 1,660,000,000 | 1,570,081 | |||||
2.75%, 9/10/2017 | KRW | 1,310,000,000 | 1,227,693 | |||||
2.75%, 3/10/2018 | KRW | 1,790,000,000 | 1,669,165 | |||||
3.00%, 3/10/2023 | KRW | 1,580,000,000 | 1,431,294 | |||||
3.00%, 12/10/2042 | KRW | 550,000,000 | 442,039 | |||||
3.25%, 12/10/2014 | KRW | 775,000,000 | 738,276 | |||||
3.25%, 6/10/2015 | KRW | 1,640,000,000 | 1,564,966 | |||||
3.25%, 9/10/2018 | KRW | 240,000,000 | 227,688 | |||||
3.38%, 9/10/2023 | KRW | 580,000,000 | 540,358 | |||||
3.75%, 6/10/2022 | KRW | 850,000,000 | 817,508 | |||||
4.00%, 3/10/2016 | KRW | 1,775,000,000 | 1,723,414 | |||||
4.00%, 12/10/2031 | KRW | 1,450,000,000 | 1,413,412 | |||||
4.25%, 6/10/2021 | KRW | 867,000,000 | 862,562 | |||||
4.50%, 3/10/2015 | KRW | 1,050,000,000 | 1,015,725 | |||||
4.75%, 12/10/2030 | KRW | 820,000,000 | 871,752 | |||||
5.00%, 6/10/2020 | KRW | 1,100,000,000 | 1,136,649 | |||||
5.25%, 9/10/2015 | KRW | 1,160,000,000 | 1,143,298 | |||||
5.50%, 12/10/2029 | KRW | 280,000,000 | 320,234 | |||||
5.75%, 9/10/2018 | KRW | 1,270,000,000 | 1,332,408 | |||||
22,144,753 | ||||||||
THAILAND — 4.3% | ||||||||
Thailand Government Bond: | ||||||||
2.80%, 10/10/2017 | THB | 11,900,000 | 357,784 | |||||
3.13%, 12/11/2015 | THB | 17,150,000 | 526,616 | |||||
3.25%, 6/16/2017 | THB | 17,200,000 | 527,674 | |||||
3.45%, 3/8/2019 | THB | 19,500,000 | 593,653 | |||||
3.58%, 12/17/2027 | THB | 23,150,000 | 663,877 | |||||
3.63%, 5/22/2015 | THB | 17,400,000 | 537,280 | |||||
3.63%, 6/16/2023 | THB | 35,980,000 | 1,071,683 | |||||
3.65%, 12/17/2021 | THB | 20,700,000 | 625,376 | |||||
3.65%, 6/20/2031 | THB | 10,000,000 | 280,058 | |||||
3.78%, 6/25/2032 | THB | 7,700,000 | 218,058 | |||||
3.80%, 6/14/2041 | THB | 15,000,000 | 407,425 |
See accompanying notes to financial statements.
237
SPDR Barclays Emerging Markets Local Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
3.85%, 12/12/2025 | THB | 2,500,000 | $ | 74,601 | ||||
3.88%, 6/13/2019 | THB | 32,800,000 | 1,021,212 | |||||
4.13%, 11/18/2016 | THB | 8,000,000 | 251,382 | |||||
4.75%, 12/20/2024 | THB | 7,000,000 | 226,338 | |||||
5.13%, 3/13/2018 | THB | 6,000,000 | 195,512 | |||||
5.40%, 7/27/2016 | THB | 1,100,000 | 35,537 | |||||
5.67%, 3/13/2028 | THB | 1,700,000 | 59,679 | |||||
5.85%, 3/31/2021 | THB | 5,900,000 | 203,555 | |||||
7,877,300 | ||||||||
TURKEY — 4.3% | ||||||||
Turkey Government Bond: | ||||||||
5.00%, 5/13/2015 | TRY | 1,200,000 | 523,900 | |||||
6.30%, 2/14/2018 | TRY | 2,390,000 | 978,804 | |||||
6.50%, 1/7/2015 | TRY | 750,000 | 338,207 | |||||
7.10%, 3/8/2023 | TRY | 1,300,000 | 495,495 | |||||
8.30%, 10/7/2015 | TRY | 1,000,000 | 452,362 | |||||
8.50%, 9/14/2022 | TRY | 2,100,000 | 882,518 | |||||
8.80%, 11/14/2018 | TRY | 1,150,000 | 511,487 | |||||
8.80%, 9/27/2023 | TRY | 800,000 | 340,778 | |||||
9.00%, 1/27/2016 | TRY | 1,960,000 | 895,753 | |||||
9.00%, 3/8/2017 | TRY | 2,200,000 | 995,197 | |||||
9.50%, 1/12/2022 | TRY | 800,000 | 358,463 | |||||
10.50%, 1/15/2020 | TRY | 2,390,000 | 1,136,877 | |||||
7,909,841 | ||||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $181,441,896) | 174,637,209 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 0.3% | ||||||||
MONEY MARKET FUNDS — 0.3% | ||||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 510,707 | 510,707 | ||||||
State Street Navigator Securities Lending Prime Portfolio (e)(g) | 8,500 | 8,500 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $519,207) | 519,207 | |||||||
TOTAL INVESTMENTS — 95.9% (h) | ||||||||
(Cost $181,961,103) | 175,156,416 | |||||||
OTHER ASSETS & LIABILITIES — 4.1% | 7,461,542 | |||||||
NET ASSETS — 100.0% | $ | 182,617,958 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at December 31, 2013. | |||||
(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) | 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) | Investments of cash collateral for securities loaned. | |||||
(h) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) |
BRL — Brazilian Real
CLP — Chilean Peso
COP — Colombian Peso
CZK — Czech Koruna
HUF — Hungarian Forint
IDR — Indonesian Rupiah
ILS — Israeli Shekel
KRW — South Korean Won
MXN — Mexican Peso
MYR — Malaysian Ringgit
NGN — Nigerian Naira
PEN — Peruvian Nuevo Sol
PHP — Philippine Peso
PLN — Polish Zloty
RON — New Romanian Leu
RUB — Russian Ruble
THB — Thai Baht
TRY — Turkish Lira
ZAR — South African Rand
See accompanying notes to financial statements.
238
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 97.7% | ||||||||
AEROSPACE & DEFENSE — 2.1% | ||||||||
Aviation Capital Group Corp.: | ||||||||
6.75%, 4/6/2021 (a) | $ | 11,532,000 | $ | 12,540,277 | ||||
7.13%, 10/15/2020 (a) | 10,196,000 | 11,422,120 | ||||||
BE Aerospace, Inc.: | ||||||||
5.25%, 4/1/2022 | 23,805,000 | 24,162,075 | ||||||
6.88%, 10/1/2020 | 13,478,000 | 14,792,105 | ||||||
Bombardier, Inc.: | ||||||||
4.25%, 1/15/2016 (a) | 7,600,000 | 7,942,000 | ||||||
6.13%, 1/15/2023 (a) | 23,496,000 | 23,319,780 | ||||||
7.75%, 3/15/2020 (a) | 15,893,000 | 18,038,555 | ||||||
DigitalGlobe, Inc. 5.25%, 2/1/2021 (a) | 8,388,000 | 8,178,300 | ||||||
Huntington Ingalls Industries, Inc.: | ||||||||
6.88%, 3/15/2018 | 8,490,000 | 9,169,200 | ||||||
7.13%, 3/15/2021 | 9,209,000 | 10,106,878 | ||||||
Kratos Defense & Security Solutions, Inc. 10.00%, 6/1/2017 | 7,997,000 | 8,626,764 | ||||||
Silver II Borrower/Silver II US Holdings LLC 7.75%, 12/15/2020 (a) | 10,641,000 | 11,279,460 | ||||||
TransDigm, Inc.: | ||||||||
5.50%, 10/15/2020 | 11,460,000 | 11,202,150 | ||||||
7.50%, 7/15/2021 | 5,850,000 | 6,288,750 | ||||||
7.75%, 12/15/2018 | 25,813,000 | 27,684,442 | ||||||
204,752,856 | ||||||||
AIRLINES — 0.2% | ||||||||
Continental Airlines, Inc. 6.75%, 9/15/2015 (a) | 10,985,000 | 11,328,281 | ||||||
US Airways Group, Inc. 6.13%, 6/1/2018 | 8,943,000 | 9,010,073 | ||||||
20,338,354 | ||||||||
AUTO COMPONENTS — 0.9% | ||||||||
American Axle & Manufacturing, Inc. 6.63%, 10/15/2022 | 11,000,000 | 11,577,500 | ||||||
Delphi Corp. 5.00%, 2/15/2023 (b) | 5,061,000 | 5,206,504 | ||||||
Jaguar Land Rover Automotive PLC 4.13%, 12/15/2018 (a) | 5,215,000 | 5,247,594 | ||||||
Lear Corp. 4.75%, 1/15/2023 (a) | 7,353,000 | 6,893,438 | ||||||
Schaeffler Holding Finance BV 6.88%, 8/15/2018 (a) | 9,429,000 | 9,994,740 | ||||||
Tenneco, Inc. 6.88%, 12/15/2020 | 5,844,000 | 6,384,570 | ||||||
The Goodyear Tire & Rubber Co.: | ||||||||
6.50%, 3/1/2021 | 16,019,000 | 16,980,140 | ||||||
7.00%, 5/15/2022 | 11,750,000 | 12,645,937 | ||||||
8.25%, 8/15/2020 | 15,223,000 | 17,011,702 | ||||||
91,942,125 | ||||||||
AUTOMOBILES — 1.5% | ||||||||
Chrysler Group LLC/CG Co-Issuer, Inc. 8.00%, 6/15/2019 | 23,002,000 | 25,417,210 | ||||||
Chrysler Group LLC/CG, Inc. 8.25%, 6/15/2021 | 22,545,000 | 25,644,937 | ||||||
General Motors Co.: | ||||||||
3.50%, 10/2/2018 (a) | 21,215,000 | 21,692,338 | ||||||
4.88%, 10/2/2023 (a) | 23,067,000 | 23,355,338 | ||||||
6.25%, 10/2/2043 (a) | 23,790,000 | 24,711,862 | ||||||
Jaguar Land Rover Automotive PLC 5.63%, 2/1/2023 (a) | 8,129,000 | 8,129,000 | ||||||
Navistar International Corp. 8.25%, 11/1/2021 | 17,861,000 | 18,486,135 | ||||||
147,436,820 | ||||||||
BEVERAGES — 0.3% | ||||||||
Constellation Brands, Inc.: | ||||||||
3.75%, 5/1/2021 | 10,505,000 | 9,874,700 | ||||||
4.25%, 5/1/2023 | 14,025,000 | 13,078,312 | ||||||
6.00%, 5/1/2022 | 9,203,000 | 9,824,203 | ||||||
32,777,215 | ||||||||
BUILDING PRODUCTS — 0.6% | ||||||||
Associated Materials LLC 9.13%, 11/1/2017 | 12,337,000 | 13,169,747 | ||||||
Building Materials Corp. of America 6.75%, 5/1/2021 (a) | 14,395,000 | 15,582,587 | ||||||
Griffon Corp. 7.13%, 4/1/2018 | 3,263,000 | 3,458,780 | ||||||
Masco Corp. 7.13%, 3/15/2020 | 5,175,000 | 5,907,309 | ||||||
Nortek, Inc. 8.50%, 4/15/2021 | 8,575,000 | 9,496,813 | ||||||
Ply Gem Industries, Inc. 8.25%, 2/15/2018 | 9,309,000 | 9,914,085 | ||||||
Texas Industries, Inc. 9.25%, 8/15/2020 | 4,457,000 | 4,963,984 | ||||||
62,493,305 | ||||||||
CAPITAL MARKETS — 0.4% | ||||||||
E*TRADE Financial Corp.: | ||||||||
6.00%, 11/15/2017 | 9,005,000 | 9,567,813 | ||||||
6.38%, 11/15/2019 | 13,738,000 | 14,751,177 | ||||||
Walter Investment Management Corp. 7.88%, 12/15/2021 (a) | 11,681,000 | 11,827,013 | ||||||
36,146,003 | ||||||||
CHEMICALS — 2.9% | ||||||||
Ashland, Inc.: | ||||||||
3.00%, 3/15/2016 | 9,654,000 | 9,847,080 | ||||||
3.88%, 4/15/2018 | 8,052,000 | 8,152,650 | ||||||
4.75%, 8/15/2022 | 22,575,000 | 21,446,250 | ||||||
Celanese US Holdings LLC: | ||||||||
4.63%, 11/15/2022 | 8,335,000 | 7,980,763 | ||||||
6.63%, 10/15/2018 | 8,599,000 | 9,179,433 | ||||||
Eagle Spinco, Inc. 4.63%, 2/15/2021 (a) | 12,221,000 | 11,976,580 | ||||||
Hexion US Finance Corp. 6.63%, 4/15/2020 | 17,212,000 | 17,642,300 | ||||||
Hexion US Finance Corp./Hexion Nova Scotia Finance ULC 8.88%, 2/1/2018 | 23,155,000 | 24,052,256 | ||||||
Huntsman International LLC: | ||||||||
4.88%, 11/15/2020 | 11,225,000 | 11,056,625 |
See accompanying notes to financial statements.
239
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
8.63%, 3/15/2021 | $ | 7,814,000 | $ | 8,829,820 | ||||
Ineos Finance PLC: | ||||||||
7.50%, 5/1/2020 (a) | 12,854,000 | 14,091,198 | ||||||
8.38%, 2/15/2019 (a) | 13,445,000 | 14,957,562 | ||||||
Ineos Group Holdings SA 6.13%, 8/15/2018 (a) | 9,986,000 | 10,035,930 | ||||||
Momentive Performance Materials, Inc.: | ||||||||
8.88%, 10/15/2020 | 18,705,000 | 19,687,012 | ||||||
9.00%, 1/15/2021 | 13,050,000 | 11,451,375 | ||||||
NOVA Chemicals Corp. 5.25%, 8/1/2023 (a) | 8,417,000 | 8,669,510 | ||||||
PolyOne Corp. 5.25%, 3/15/2023 | 10,813,000 | 10,542,675 | ||||||
PQ Corp. 8.75%, 5/1/2018 (a) | 11,250,000 | 12,262,500 | ||||||
Rockwood Specialties Group, Inc. 4.63%, 10/15/2020 | 21,199,000 | 21,649,479 | ||||||
Sawgrass Merger Sub, Inc. 8.75%, 12/15/2020 (a) | 13,650,000 | �� | 14,503,125 | |||||
Tronox Finance LLC 6.38%, 8/15/2020 | 12,398,000 | 12,645,960 | ||||||
US Coatings Acquisition, Inc./Flash Dutch 2 BV 7.38%, 5/1/2021 (a) | 10,121,000 | 10,791,516 | ||||||
291,451,599 | ||||||||
COMMERCIAL BANKS — 1.6% | ||||||||
CIT Group, Inc.: | ||||||||
4.25%, 8/15/2017 | 26,212,000 | 27,293,245 | ||||||
4.75%, 2/15/2015 (a) | 21,581,000 | 22,363,311 | ||||||
5.50%, 2/15/2019 (a)(c) | 27,600,000 | 29,601,000 | ||||||
Commerzbank AG 8.13%, 9/19/2023 (a) | 11,717,000 | 12,917,993 | ||||||
Provident Funding Associates LP/ PFG Finance Corp. 6.75%, 6/15/2021 (a) | 11,662,000 | 11,603,690 | ||||||
Royal Bank of Scotland Group PLC: | ||||||||
6.00%, 12/19/2023 | 7,760,000 | 7,815,251 | ||||||
6.10%, 6/10/2023 | 18,500,000 | 18,649,776 | ||||||
6.13%, 12/15/2022 | 31,994,000 | 32,697,900 | ||||||
162,942,166 | ||||||||
COMMERCIAL SERVICES — 0.3% | ||||||||
Ceridian Corp. 8.88%, 7/15/2019 (a) | 9,850,000 | 11,327,500 | ||||||
National Money Mart Co. 10.38%, 12/15/2016 | 19,513,000 | 19,805,695 | ||||||
31,133,195 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 3.3% | ||||||||
ACCO Brands Corp. 6.75%, 4/30/2020 | 9,625,000 | 9,504,688 | ||||||
ADS Waste Holdings, Inc. 8.25%, 10/1/2020 | 8,500,000 | 9,222,500 | ||||||
APX Group, Inc.: | ||||||||
6.38%, 12/1/2019 | 14,875,000 | 15,098,125 | ||||||
8.75%, 12/1/2020 | 12,570,000 | 12,821,400 | ||||||
ARAMARK Corp. 5.75%, 3/15/2020 (a)(c) | 12,085,000 | 12,628,825 | ||||||
Ashtead Capital, Inc. 6.50%, 7/15/2022 (a) | 15,525,000 | 16,553,531 | ||||||
Clean Harbors, Inc.: | ||||||||
5.13%, 6/1/2021 | 9,923,000 | 10,022,230 | ||||||
5.25%, 8/1/2020 | 11,614,000 | 11,962,420 | ||||||
Global A&T Electronics, Ltd. 10.00%, 2/1/2019 (a) | 10,648,000 | 9,157,280 | ||||||
H&E Equipment Services, Inc. 7.00%, 9/1/2022 | 10,862,000 | 11,839,580 | ||||||
Interactive Data Corp. 10.25%, 8/1/2018 | 9,855,000 | 10,840,500 | ||||||
Iron Mountain, Inc.: | ||||||||
5.75%, 8/15/2024 | 15,604,000 | 14,472,710 | ||||||
6.00%, 8/15/2023 | 8,854,000 | 9,075,350 | ||||||
Jaguar Holding Co. I PIK 9.38%, 10/15/2017 (a) | 9,800,000 | 10,363,500 | ||||||
Laureate Education, Inc. 9.25%, 9/1/2019 (a) | 23,137,000 | 25,161,487 | ||||||
Monitronics International, Inc. 9.13%, 4/1/2020 | 1,000,000 | 1,060,000 | ||||||
Pharmaceutical Product Development, Inc. 9.50%, 12/1/2019 (a) | 8,220,000 | 9,247,500 | ||||||
Safway Group Holding LLC/Safway Finance Corp. 7.00%, 5/15/2018 (a) | 9,295,000 | 9,806,225 | ||||||
ServiceMaster Co.: | ||||||||
7.00%, 8/15/2020 | 12,323,000 | 12,215,174 | ||||||
8.00%, 2/15/2020 | 8,740,000 | 8,914,800 | ||||||
Tervita Corp. 8.00%, 11/15/2018 (a) | 11,250,000 | 11,615,625 | ||||||
The ADT Corp.: | ||||||||
3.50%, 7/15/2022 | 19,175,000 | 16,690,917 | ||||||
4.88%, 7/15/2042 | 12,250,000 | 9,218,174 | ||||||
6.25%, 10/15/2021 (a) | 14,189,000 | 14,898,450 | ||||||
The Hertz Corp.: | ||||||||
5.88%, 10/15/2020 | 13,278,000 | 13,759,328 | ||||||
6.75%, 4/15/2019 | 25,775,000 | 27,772,562 | ||||||
7.50%, 10/15/2018 | 2,750,000 | 2,966,563 | ||||||
326,889,444 | ||||||||
COMPUTERS & PERIPHERALS — 1.1% | ||||||||
Dell, Inc. 5.88%, 6/15/2019 | 10,000,000 | 10,075,000 | ||||||
iGate Corp. 9.00%, 5/1/2016 | 11,882,000 | 12,624,625 | ||||||
Infor US, Inc.: | ||||||||
9.38%, 4/1/2019 | 14,549,000 | 16,367,625 | ||||||
11.50%, 7/15/2018 | 8,100,000 | 9,335,250 | ||||||
NCR Corp.: | ||||||||
4.63%, 2/15/2021 | 7,323,000 | 7,011,773 | ||||||
5.00%, 7/15/2022 | 8,423,000 | 8,012,379 | ||||||
NCR Escrow Corp. 6.38%, 12/15/2023 (a) | 4,221,000 | 4,310,696 | ||||||
SunGard Data Systems, Inc.: | ||||||||
6.63%, 11/1/2019 | 16,400,000 | 17,220,000 | ||||||
7.38%, 11/15/2018 | 9,318,000 | 9,865,432 | ||||||
7.63%, 11/15/2020 | 13,285,000 | 14,480,650 | ||||||
109,303,430 | ||||||||
See accompanying notes to financial statements.
240
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CONSTRUCTION & ENGINEERING — 0.0% (d) | ||||||||
Brand Energy & Infrastructure Services, Inc. 8.50%, 12/1/2021 (a)(c) | $ | 4,625,000 | $ | 4,700,156 | ||||
CONSTRUCTION MATERIALS — 0.2% | ||||||||
Vulcan Materials Co.: | ||||||||
6.50%, 12/1/2016 | 7,373,000 | 8,257,760 | ||||||
7.50%, 6/15/2021 | 9,437,000 | 10,758,180 | ||||||
19,015,940 | ||||||||
CONSUMER FINANCE — 0.8% | ||||||||
SLM Corp.: | ||||||||
5.50%, 1/15/2019 | 17,725,000 | 18,394,154 | ||||||
6.25%, 1/25/2016 | 30,318,000 | 32,743,440 | ||||||
8.00%, 3/25/2020 | 23,050,000 | 26,104,125 | ||||||
77,241,719 | ||||||||
CONTAINERS & PACKAGING — 1.7% | ||||||||
Ardagh Packaging Finance PLC: | ||||||||
7.38%, 10/15/2017 (a)(c) | 5,500,000 | 5,912,500 | ||||||
9.13%, 10/15/2020 (a) | 14,672,000 | 16,065,840 | ||||||
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA, Inc. 7.00%, 11/15/2020 (a) | 14,781,000 | 14,928,810 | ||||||
Ball Corp.: | ||||||||
4.00%, 11/15/2023 | 16,900,000 | 15,125,500 | ||||||
5.00%, 3/15/2022 | 13,735,000 | 13,597,650 | ||||||
6.75%, 9/15/2020 | 7,770,000 | 8,449,875 | ||||||
Berry Plastics Corp.: | ||||||||
9.50%, 5/15/2018 | 9,250,000 | 9,920,625 | ||||||
9.75%, 1/15/2021 | 11,580,000 | 13,403,850 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. III 6.25%, 2/1/2021 | 11,734,000 | 12,731,390 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. IV 4.50%, 1/15/2023 | 14,728,000 | 13,770,680 | ||||||
Owens-Brockway Glass Container, Inc. 7.38%, 5/15/2016 | 7,826,000 | 8,784,685 | ||||||
Sealed Air Corp.: | ||||||||
8.13%, 9/15/2019 (a) | 12,900,000 | 14,480,250 | ||||||
8.38%, 9/15/2021 (a) | 13,424,000 | 15,236,240 | ||||||
Silgan Holdings, Inc. 5.00%, 4/1/2020 | 9,675,000 | 9,554,062 | ||||||
171,961,957 | ||||||||
DISTRIBUTORS — 0.9% | ||||||||
American Builders & Contractors Supply Co., Inc. 5.63%, 4/15/2021 (a)(c) | 7,372,000 | 7,408,860 | ||||||
HD Supply, Inc.: | ||||||||
7.50%, 7/15/2020 | 19,403,000 | 20,906,733 | ||||||
8.13%, 4/15/2019 | 15,747,000 | 17,538,221 | ||||||
11.50%, 7/15/2020 | 19,850,000 | 23,695,937 | ||||||
LKQ Corp. 4.75%, 5/15/2023 (a) | 10,490,000 | 9,755,700 | ||||||
VWR Funding, Inc. 7.25%, 9/15/2017 | 11,785,000 | 12,639,413 | ||||||
91,944,864 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 1.2% | ||||||||
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu: | ||||||||
5.75%, 10/15/2020 | 48,518,000 | 49,488,360 | ||||||
9.00%, 4/15/2019 | 26,600,000 | 28,528,500 | ||||||
9.88%, 8/15/2019 | 36,250,000 | 40,328,125 | ||||||
118,344,985 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 4.6% | ||||||||
Aircastle, Ltd.: | ||||||||
6.25%, 12/1/2019 | 10,295,000 | 11,028,519 | ||||||
6.75%, 4/15/2017 | 8,950,000 | 9,979,250 | ||||||
Ally Financial, Inc.: | ||||||||
7.50%, 9/15/2020 | 26,000,000 | 30,290,000 | ||||||
8.00%, 3/15/2020 | 25,667,000 | 30,768,316 | ||||||
8.00%, 11/1/2031 | 4,500,000 | 5,383,125 | ||||||
8.30%, 2/12/2015 | 28,218,000 | 30,334,350 | ||||||
Alphabet Holding Co., Inc. 7.75%, 11/1/2017 | 8,508,000 | 8,773,875 | ||||||
CEVA Group PLC 8.38%, 12/1/2017 (a)(c) | 16,850,000 | 17,608,250 | ||||||
CNH Capital LLC: | ||||||||
3.63%, 4/15/2018 | 10,562,000 | 10,707,228 | ||||||
3.88%, 11/1/2015 | 11,550,000 | 11,925,375 | ||||||
Denali Borrower LLC/Denali Finance Corp. 5.63%, 10/15/2020 (a) | 23,833,000 | 23,624,461 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp.: | ||||||||
6.00%, 8/1/2020 (a) | 16,760,000 | 17,262,800 | ||||||
7.75%, 1/15/2016 | 5,000,000 | 5,100,000 | ||||||
8.00%, 1/15/2018 | 37,941,000 | 39,458,640 | ||||||
International Lease Finance Corp.: | ||||||||
6.25%, 5/15/2019 | 19,750,000 | 21,379,375 | ||||||
8.63%, 9/15/2015 | 15,470,000 | 17,171,700 | ||||||
8.75%, 3/15/2017 | 25,137,000 | 29,598,817 | ||||||
Jefferies Finance LLC/JFIN Co-Issuer Corp. 7.38%, 4/1/2020 (a) | 10,179,000 | 10,586,160 | ||||||
Mizuho Capital Investment USD 2, Ltd. 14.95%, 12/31/2049 (a)(c)(e) | 1,000 | 1,061 | ||||||
MPH Intermediate Holding Co. 2 8.38%, 8/1/2018 (a) | 10,920,000 | 11,356,800 | ||||||
Nationstar Mortgage LLC/ Nationstar Capital Corp. 6.50%, 7/1/2021 | 14,825,000 | 14,120,813 | ||||||
Neuberger Berman Group LLC/Neuberger Berman Finance Corp. 5.88%, 3/15/2022 (a) | 5,500,000 | 5,665,000 | ||||||
Nuveen Investments, Inc.: | ||||||||
9.13%, 10/15/2017 (a) | 14,250,000 | 14,250,000 | ||||||
9.50%, 10/15/2020 (a) | 16,053,000 | 16,093,133 | ||||||
Opal Acquisition, Inc. 8.88%, 12/15/2021 (a) | 12,650,000 | 12,586,750 | ||||||
Springleaf Finance Corp. 7.75%, 10/1/2021 | 2,125,000 | 2,295,000 |
See accompanying notes to financial statements.
241
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
The Nielsen Co. Luxembourg SARL 5.50%, 10/1/2021 (a) | $ | 5,750,000 | $ | 5,836,250 | ||||
TMX Finance LLC/TitleMax Finance Corp. 8.50%, 9/15/2018 (a) | 8,090,000 | 8,615,850 | ||||||
TransUnion Holding Co., Inc. 9.63%, 6/15/2018 | 9,796,000 | 10,530,700 | ||||||
TransUnion LLC/TransUnion Financing Corp. 11.38%, 6/15/2018 | 9,058,000 | 9,873,220 | ||||||
UPCB Finance III, Ltd. 6.63%, 7/1/2020 (a) | 15,515,000 | 16,484,687 | ||||||
458,689,505 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 6.5% | ||||||||
Alcatel-Lucent USA, Inc.: | ||||||||
4.63%, 7/1/2017 (a) | 3,792,000 | 3,796,740 | ||||||
6.75%, 11/15/2020 (a) | 13,498,000 | 14,021,048 | ||||||
8.88%, 1/1/2020 (a) | 9,052,000 | 10,092,980 | ||||||
CenturyLink, Inc.: | ||||||||
5.63%, 4/1/2020 | 14,188,000 | 14,436,290 | ||||||
5.80%, 3/15/2022 | 21,560,000 | 21,290,500 | ||||||
6.45%, 6/15/2021 | 18,695,000 | 19,442,800 | ||||||
Cincinnati Bell, Inc. 8.75%, 3/15/2018 | 7,904,000 | 8,299,200 | ||||||
CommScope, Inc. 8.25%, 1/15/2019 (a) | 17,073,000 | 18,716,276 | ||||||
Cricket Communications, Inc. 7.75%, 10/15/2020 | 21,421,000 | 24,419,940 | ||||||
Frontier Communications Corp.: | ||||||||
7.13%, 1/15/2023 | 14,655,000 | 14,471,812 | ||||||
7.63%, 4/15/2024 | 12,200,000 | 12,169,500 | ||||||
8.50%, 4/15/2020 | 19,510,000 | 21,851,200 | ||||||
Hughes Satellite Systems Corp.: | ||||||||
6.50%, 6/15/2019 | 17,450,000 | 18,889,625 | ||||||
7.63%, 6/15/2021 | 13,100,000 | 14,606,500 | ||||||
Inmarsat Finance PLC 7.38%, 12/1/2017 (a) | 12,425,000 | 12,922,000 | ||||||
Intelsat Jackson Holdings SA: | ||||||||
5.50%, 8/1/2023 (a) | 33,470,000 | 31,838,337 | ||||||
7.25%, 10/15/2020 | 32,500,000 | 35,546,875 | ||||||
Intelsat Luxembourg SA 7.75%, 6/1/2021 (a) | 30,921,000 | 33,162,772 | ||||||
Koninklijke KPN NV 7.00%, 3/28/2073 (a)(e) | 11,500,000 | 11,657,332 | ||||||
Level 3 Financing, Inc.: | ||||||||
7.00%, 6/1/2020 (c) | 13,500,000 | 14,310,000 | ||||||
8.13%, 7/1/2019 | 14,775,000 | 16,178,625 | ||||||
8.63%, 7/15/2020 | 12,000,000 | 13,440,000 | ||||||
Lynx I Corp. 5.38%, 4/15/2021 (a) | 18,104,000 | 18,104,000 | ||||||
Lynx II Corp. 6.38%, 4/15/2023 (a) | 11,250,000 | 11,446,875 | ||||||
Sable International Finance, Ltd. 7.75%, 2/15/2017 (a) | 7,210,000 | 7,525,438 | ||||||
SBA Telecommunications, Inc. 5.75%, 7/15/2020 | 10,490,000 | 10,909,600 | ||||||
Softbank Corp. 4.50%, 4/15/2020 (a) | 34,905,000 | 34,032,375 | ||||||
Telesat Canada/Telesat LLC 6.00%, 5/15/2017 (a)(c) | 13,211,000 | 13,739,440 | ||||||
UPCB Finance V, Ltd. 7.25%, 11/15/2021 (a) | 11,125,000 | 12,070,625 | ||||||
UPCB Finance VI, Ltd. 6.88%, 1/15/2022 (a) | 13,175,000 | 13,998,438 | ||||||
ViaSat, Inc. 6.88%, 6/15/2020 | 10,400,000 | 10,998,000 | ||||||
West Corp.: | ||||||||
7.88%, 1/15/2019 (c) | 10,535,000 | 11,377,800 | ||||||
8.63%, 10/1/2018 | 7,746,000 | 8,423,775 | ||||||
Wind Acquisition Finance SA: | ||||||||
7.25%, 2/15/2018 (a) | 13,800,000 | 14,524,500 | ||||||
11.75%, 7/15/2017 (a) | 29,000,000 | 30,848,750 | ||||||
Wind Acquisition Holdings Finance SA PIK 12.25%, 7/15/2017 (a) | 22,696,875 | 23,888,461 | ||||||
Windstream Corp.: | ||||||||
6.38%, 8/1/2023 | 12,385,000 | 11,579,975 | ||||||
7.75%, 10/15/2020 | 9,565,000 | 10,150,856 | ||||||
7.88%, 11/1/2017 | 16,301,000 | 18,623,892 | ||||||
647,803,152 | ||||||||
ELECTRIC UTILITIES — 3.4% | ||||||||
AES Corp. 4.88%, 5/15/2023 | 15,067,000 | 14,087,645 | ||||||
Calpine Corp.: | ||||||||
6.00%, 1/15/2022 (a) | 10,397,000 | 10,656,925 | ||||||
7.50%, 2/15/2021 (a) | 21,369,000 | 23,318,921 | ||||||
7.88%, 7/31/2020 (a) | 1,500,000 | 1,642,500 | ||||||
7.88%, 1/15/2023 (a) | 14,254,000 | 15,572,495 | ||||||
DPL, Inc. 7.25%, 10/15/2021 | 13,910,000 | 14,083,875 | ||||||
Dynegy, Inc. 5.88%, 6/1/2023 (a)(c) | 5,734,000 | 5,418,630 | ||||||
EDP Finance BV 4.90%, 10/1/2019 (a)(c) | 18,333,000 | 18,653,827 | ||||||
Enel SpA 8.75%, 9/24/2073 (a)(e) | 15,000,000 | 16,310,505 | ||||||
Energy Future Holdings Corp. 12.25%, 3/1/2022 (a) | 31,450,000 | 36,953,750 | ||||||
Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc. 10.00%, 12/1/2020 | 39,842,000 | 42,332,125 | ||||||
FirstEnergy Corp. 4.25%, 3/15/2023 | 11,000,000 | 10,253,683 | ||||||
GenOn Energy, Inc.: | ||||||||
9.50%, 10/15/2018 | 11,370,000 | 12,876,525 | ||||||
9.88%, 10/15/2020 | 11,101,000 | 12,322,110 | ||||||
InterGen NV 7.00%, 6/30/2023 (a) | 11,149,000 | 11,539,215 | ||||||
NRG Energy, Inc.: | ||||||||
7.63%, 1/15/2018 | 17,508,000 | 19,959,120 | ||||||
7.88%, 5/15/2021 | 19,430,000 | 21,518,725 | ||||||
8.25%, 9/1/2020 | 15,237,000 | 16,874,978 | ||||||
Puget Energy, Inc. 6.00%, 9/1/2021 | 6,030,000 | 6,743,295 | ||||||
Texas Competitive Electric Holdings Co. LLC/ TCEH Finance, Inc. 11.50%, 10/1/2020 (a) | 27,700,000 | 20,359,500 |
See accompanying notes to financial statements.
242
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
The AES Corp. 7.38%, 7/1/2021 | $ | 11,274,000 | $ | 12,711,435 | ||||
344,189,784 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.3% | ||||||||
Belden, Inc. 5.50%, 9/1/2022 (a) | 10,978,000 | 10,758,440 | ||||||
CDW LLC/CDW Finance Corp. 8.50%, 4/1/2019 | 20,444,000 | 22,590,620 | ||||||
Flextronics International, Ltd.: | ||||||||
4.63%, 2/15/2020 | 12,475,000 | 12,163,125 | ||||||
5.00%, 2/15/2023 | 9,580,000 | 8,981,250 | ||||||
General Cable Corp. 6.50%, 10/1/2022 (a) | 9,505,000 | 9,314,900 | ||||||
NXP BV/NXP Funding LLC: | ||||||||
3.75%, 6/1/2018 (a) | 12,535,000 | 12,629,012 | ||||||
5.75%, 2/15/2021 (a) | 8,945,000 | 9,347,525 | ||||||
5.75%, 3/15/2023 (a) | 8,552,000 | 8,701,660 | ||||||
Rexel SA: | ||||||||
5.25%, 6/15/2020 (a) | 7,805,000 | 7,844,025 | ||||||
6.13%, 12/15/2019 (a) | 7,040,000 | 7,356,800 | ||||||
Sanmina Corp. 7.00%, 5/15/2019 (a) | 6,750,000 | 7,180,313 | ||||||
Viasystems, Inc. 7.88%, 5/1/2019 (a) | 9,714,000 | 10,503,262 | ||||||
127,370,932 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.1% | ||||||||
Calfrac Holdings LP 7.50%, 12/1/2020 (a)(c) | 6,980,000 | 7,119,600 | ||||||
ENGINEERING & CONSTRUCTION — 0.3% | ||||||||
Abengoa Finance SAU 8.88%, 11/1/2017 (a) | 19,755,000 | 21,236,625 | ||||||
Aguila 3 SA 7.88%, 1/31/2018 (a) | 9,053,000 | 9,596,180 | ||||||
30,832,805 | ||||||||
FOOD PRODUCTS — 2.4% | ||||||||
B&G Foods, Inc. 4.63%, 6/1/2021 | 12,347,000 | 11,853,120 | ||||||
Bumble Bee Holdings, Inc. 9.00%, 12/15/2017 (a) | 8,142,000 | 8,915,490 | ||||||
Darling Escrow Corp. 5.38%, 1/15/2022 (a) | 3,680,000 | 3,707,600 | ||||||
Del Monte Corp. 7.63%, 2/15/2019 | 19,364,000 | 20,114,355 | ||||||
Harbinger Group, Inc. 7.88%, 7/15/2019 (a) | 15,687,000 | 16,843,916 | ||||||
Hawk Acquisition Sub, Inc. 4.25%, 10/15/2020 (a) | 45,531,000 | 44,051,243 | ||||||
HJ Heinz Finance Co. 7.13%, 8/1/2039 (a) | 17,250,000 | 17,724,375 | ||||||
Ingles Markets, Inc. 5.75%, 6/15/2023 | 10,715,000 | 10,500,700 | ||||||
JBS USA LLC/JBS USA Finance, Inc.: | ||||||||
7.25%, 6/1/2021 (a) | 12,700,000 | 13,239,750 | ||||||
7.25%, 6/1/2021 (a) | 1,000,000 | 1,040,000 | ||||||
8.25%, 2/1/2020 (a) | 12,050,000 | 13,074,250 | ||||||
Post Holdings, Inc.: | ||||||||
6.75%, 12/1/2021 (a) | 6,463,000 | 6,689,205 | ||||||
7.38%, 2/15/2022 | 18,726,000 | 20,036,820 | ||||||
Smithfield Foods, Inc. 6.63%, 8/15/2022 | 16,199,000 | 17,170,940 | ||||||
Sun Merger Sub, Inc. 5.25%, 8/1/2018 (a) | 8,574,000 | 8,981,265 | ||||||
US Foods, Inc. 8.50%, 6/30/2019 | 19,349,000 | 21,187,155 | ||||||
235,130,184 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.5% | ||||||||
Biomet, Inc.: | ||||||||
6.50%, 8/1/2020 | 28,306,000 | 29,721,300 | ||||||
6.50%, 10/1/2020 | 11,675,000 | 12,025,250 | ||||||
ConvaTec Finance International SA 8.25%, 1/15/2019 (a) | 17,725,000 | 18,145,969 | ||||||
Fresenius US Finance II, Inc. 9.00%, 7/15/2015 (a) | 7,130,000 | 7,878,650 | ||||||
Hologic, Inc. 6.25%, 8/1/2020 | 16,048,000 | 16,930,640 | ||||||
Kinetic Concepts, Inc./KCI USA, Inc.: | ||||||||
10.50%, 11/1/2018 | 23,510,000 | 27,036,500 | ||||||
12.50%, 11/1/2019 | 15,000,000 | 16,875,000 | ||||||
Mallinckrodt International Finance SA 4.75%, 4/15/2023 (a) | 9,500,000 | 8,767,911 | ||||||
Universal Hospital Services, Inc. 7.63%, 8/15/2020 | 10,575,000 | 11,156,625 | ||||||
148,537,845 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 4.5% | ||||||||
Capella Healthcare, Inc. 9.25%, 7/1/2017 | 6,900,000 | 7,348,500 | ||||||
CHS/Community Health Systems, Inc.: | ||||||||
5.13%, 8/15/2018 | 25,249,000 | 26,069,592 | ||||||
7.13%, 7/15/2020 | 18,000,000 | 18,675,000 | ||||||
8.00%, 11/15/2019 | 33,335,000 | 36,168,475 | ||||||
DaVita HealthCare Partners, Inc. 6.38%, 11/1/2018 | 10,225,000 | 10,736,250 | ||||||
DaVita, Inc.: | ||||||||
5.75%, 8/15/2022 | 23,492,000 | 23,785,650 | ||||||
6.63%, 11/1/2020 | 12,432,000 | 13,333,320 | ||||||
Emergency Medical Services Corp. 8.13%, 6/1/2019 | 9,158,000 | 9,924,983 | ||||||
Fresenius Medical Care US Finance II, Inc.: | ||||||||
5.63%, 7/31/2019 (a) | 12,823,000 | 13,848,840 | ||||||
5.88%, 1/31/2022 (a) | 8,568,000 | 9,039,240 | ||||||
Fresenius Medical Care US Finance, Inc. 5.75%, 2/15/2021 (a) | 11,571,000 | 12,265,260 | ||||||
HCA Holdings, Inc. 7.75%, 5/15/2021 | 21,570,000 | 23,565,225 | ||||||
HCA, Inc.: | ||||||||
6.50%, 2/15/2020 | 47,451,000 | 52,136,786 | ||||||
7.50%, 2/15/2022 | 36,250,000 | 39,784,375 | ||||||
Health Management Association, Inc. 7.38%, 1/15/2020 | 15,255,000 | 17,066,531 |
See accompanying notes to financial statements.
243
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
IASIS Healthcare LLC/IASIS Capital Corp. 8.38%, 5/15/2019 | $ | 12,911,000 | $ | 13,685,660 | ||||
Kindred Healthcare, Inc. 8.25%, 6/1/2019 | 9,855,000 | 10,495,575 | ||||||
LifePoint Hospitals, Inc. 5.50%, 12/1/2021 (a) | 9,233,000 | 9,267,624 | ||||||
Multiplan, Inc. 9.88%, 9/1/2018 (a)(c) | 10,036,000 | 11,039,600 | ||||||
Select Medical Corp. 6.38%, 6/1/2021 | 8,900,000 | 8,699,750 | ||||||
Tenet Healthcare Corp.: | ||||||||
4.38%, 10/1/2021 | 16,508,000 | 15,517,520 | ||||||
6.00%, 10/1/2020 (a) | 16,867,000 | 17,604,931 | ||||||
8.13%, 4/1/2022 | 36,864,000 | 39,720,960 | ||||||
WellCare Health Plans, Inc. 5.75%, 11/15/2020 | 9,714,000 | 9,932,565 | ||||||
449,712,212 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 3.1% | ||||||||
Ameristar Casinos, Inc. 7.50%, 4/15/2021 | 17,268,000 | 18,735,780 | ||||||
Boyd Gaming Corp. 9.13%, 12/1/2018 | 9,755,000 | 10,608,563 | ||||||
Burger King Corp. 9.88%, 10/15/2018 | 11,061,000 | 12,277,710 | ||||||
Caesars Entertainment Operating Co., Inc.: | ||||||||
9.00%, 2/15/2020 | 16,700,000 | 16,240,750 | ||||||
9.00%, 2/15/2020 | 3,850,000 | 3,744,125 | ||||||
10.00%, 12/15/2018 | 55,325,000 | 26,556,000 | ||||||
11.25%, 6/1/2017 | 41,493,000 | 42,219,127 | ||||||
GLP Capital LP/GLP Financing II, Inc.: | ||||||||
4.38%, 11/1/2018 (a) | 5,614,000 | 5,740,315 | ||||||
4.88%, 11/1/2020 (a) | 12,936,000 | 12,936,000 | ||||||
5.38%, 11/1/2023 (a) | 8,303,000 | 8,157,698 | ||||||
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp. 5.63%, 10/15/2021 (a) | 13,687,000 | 14,200,262 | ||||||
MGM Resorts International: | ||||||||
6.63%, 12/15/2021 | 19,191,000 | 20,294,482 | ||||||
6.75%, 10/1/2020 | 14,475,000 | 15,488,250 | ||||||
7.75%, 3/15/2022 | 14,315,000 | 15,997,012 | ||||||
PNK Finance Corp. 6.38%, 8/1/2021 (a) | 13,827,000 | 14,138,108 | ||||||
Six Flags Entertainment Corp. 5.25%, 1/15/2021 (a) | 11,734,000 | 11,469,985 | ||||||
Station Casinos LLC 7.50%, 3/1/2021 | 7,850,000 | 8,360,250 | ||||||
Wynn Las Vegas LLC/ Wynn Las Vegas Capital Corp. 5.38%, 3/15/2022 (c) | 14,125,000 | 14,266,250 | ||||||
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Series 1 7.75%, 8/15/2020 | 21,588,000 | 24,232,530 | ||||||
Wynn Macau, Ltd. 5.25%, 10/15/2021 (a) | 8,967,000 | 8,978,209 | ||||||
304,641,406 | ||||||||
HOUSEHOLD DURABLES — 0.8% | ||||||||
Brookfield Residential Properties, Inc.: | ||||||||
6.13%, 7/1/2022 (a) | 7,950,000 | 7,989,750 | ||||||
6.50%, 12/15/2020 (a) | 10,195,000 | 10,577,312 | ||||||
K Hovnanian Enterprises, Inc. 7.25%, 10/15/2020 (a) | 10,880,000 | 11,682,400 | ||||||
Lennar Corp. 4.75%, 11/15/2022 | 9,490,000 | 8,801,975 | ||||||
RSI Home Products, Inc. 6.88%, 3/1/2018 (a)(c) | 8,254,000 | 8,646,065 | ||||||
Shea Homes LP/Shea Homes Funding Corp. 8.63%, 5/15/2019 | 11,434,000 | 12,663,155 | ||||||
Standard Pacific Corp. 8.38%, 5/15/2018 | 7,872,000 | 9,249,600 | ||||||
Taylor Morrison Communities, Inc./ Monarch Communities, Inc. 5.25%, 4/15/2021 (a) | 7,550,000 | 7,342,375 | ||||||
76,952,632 | ||||||||
HOUSEHOLD PRODUCTS — 0.3% | ||||||||
Spectrum Brands Escrow Corp.: | ||||||||
6.38%, 11/15/2020 (a) | 9,262,000 | 9,887,185 | ||||||
6.63%, 11/15/2022 (a) | 8,995,000 | 9,568,431 | ||||||
The Sun Products Corp. 7.75%, 3/15/2021 (a) | 17,150,000 | 15,092,000 | ||||||
34,547,616 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.4% | ||||||||
Polymer Group, Inc. 7.75%, 2/1/2019 | 9,205,000 | 9,814,831 | ||||||
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc. 8.75%, 2/1/2019 (a) | 26,791,000 | 27,661,708 | ||||||
37,476,539 | ||||||||
INSURANCE — 0.4% | ||||||||
Hockey Merger Sub 2, Inc. 7.88%, 10/1/2021 (a) | 9,515,000 | 9,776,663 | ||||||
ING US, Inc. 5.65%, 5/15/2053 (e) | 14,175,000 | 13,785,188 | ||||||
Onex USI Aquisition Corp. 7.75%, 1/15/2021 (a) | 16,833,000 | 17,211,742 | ||||||
40,773,593 | ||||||||
INTERNET SOFTWARE & SERVICES — 1.0% | ||||||||
CyrusOne LP/CyrusOne Finance Corp. 6.38%, 11/15/2022 | 10,815,000 | 11,193,525 | ||||||
Equinix, Inc.: | ||||||||
4.88%, 4/1/2020 | 8,162,000 | 8,121,190 | ||||||
5.38%, 4/1/2023 | 16,523,000 | 16,151,232 | ||||||
7.00%, 7/15/2021 | 13,050,000 | 14,257,125 | ||||||
IAC/InterActiveCorp 4.88%, 11/30/2018 (a) | 8,115,000 | 8,297,587 |
See accompanying notes to financial statements.
244
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
IAC/InterActiveCorp. 4.75%, 12/15/2022 | $ | 6,881,000 | $ | 6,416,533 | ||||
Netflix, Inc. 5.38%, 2/1/2021 (a)(c) | 7,272,000 | 7,362,900 | ||||||
VeriSign, Inc. 4.63%, 5/1/2023 | 12,465,000 | 11,904,075 | ||||||
Zayo Group LLC/Zayo Capital, Inc. 8.13%, 1/1/2020 | 10,952,000 | 11,992,440 | ||||||
95,696,607 | ||||||||
IT SERVICES — 1.5% | ||||||||
First Data Corp.: | ||||||||
6.75%, 11/1/2020 (a) | 34,235,000 | 35,604,400 | ||||||
8.25%, 1/15/2021 (a) | 18,000,000 | 19,147,500 | ||||||
12.63%, 1/15/2021 | 61,492,000 | 72,176,235 | ||||||
GXS Worldwide, Inc. 9.75%, 6/15/2015 | 10,635,000 | 10,980,637 | ||||||
Lender Processing Services, Inc. 5.75%, 4/15/2023 | 9,807,000 | 10,150,245 | ||||||
148,059,017 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.3% | ||||||||
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp. 5.25%, 3/15/2021 | 6,970,000 | 6,882,875 | ||||||
Royal Caribbean Cruises, Ltd. 5.25%, 11/15/2022 | 9,440,000 | 9,440,000 | ||||||
Sabre, Inc. 8.50%, 5/15/2019 (a) | 11,000,000 | 12,210,000 | ||||||
28,532,875 | ||||||||
MACHINERY — 0.9% | ||||||||
Amsted Industries, Inc. 8.13%, 3/15/2018 (a) | 8,350,000 | 8,798,812 | ||||||
Cascades, Inc. 7.75%, 12/15/2017 | 8,255,000 | 8,605,838 | ||||||
Case New Holland, Inc. 7.88%, 12/1/2017 | 26,024,000 | 30,708,320 | ||||||
Gardner Denver, Inc. 6.88%, 8/15/2021 (a) | 8,032,000 | 8,011,920 | ||||||
SPX Corp. 6.88%, 9/1/2017 | 8,643,000 | 9,766,590 | ||||||
Terex Corp. 6.00%, 5/15/2021 | 12,864,000 | 13,298,160 | ||||||
The Manitowoc Co., Inc. 8.50%, 11/1/2020 | 9,183,000 | 10,422,705 | ||||||
89,612,345 | ||||||||
MEDIA — 8.4% | ||||||||
AMC Entertainment, Inc.: | ||||||||
8.75%, 6/1/2019 | 9,239,000 | 9,874,181 | ||||||
9.75%, 12/1/2020 | 7,906,000 | 9,042,488 | ||||||
AMC Networks, Inc.: | ||||||||
4.75%, 12/15/2022 | 10,137,000 | 9,655,493 | ||||||
7.75%, 7/15/2021 | 12,634,000 | 14,213,250 | ||||||
Cablevision Systems Corp.: | ||||||||
7.75%, 4/15/2018 | 12,353,000 | 13,789,036 | ||||||
8.63%, 9/15/2017 | 14,750,000 | 17,183,750 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp.: | ||||||||
5.25%, 9/30/2022 | 22,891,000 | 21,374,471 | ||||||
6.50%, 4/30/2021 | 23,271,000 | 23,910,952 | ||||||
7.00%, 1/15/2019 | 21,000,000 | 22,128,750 | ||||||
Cequel Communications Holdings I LLC and Cequel Capital Corp.: | ||||||||
5.13%, 12/15/2021 (a) | 15,806,000 | 14,818,125 | ||||||
6.38%, 9/15/2020 (a) | 22,905,000 | 23,477,625 | ||||||
Cinemark USA, Inc. 4.88%, 6/1/2023 | 8,420,000 | 7,914,800 | ||||||
Clear Channel Communications, Inc.: | ||||||||
9.00%, 12/15/2019 | 31,320,000 | 31,946,400 | ||||||
9.00%, 3/1/2021 | 34,325,000 | 34,668,250 | ||||||
Clear Channel Worldwide Holdings, Inc.: | ||||||||
6.50%, 11/15/2022 | 13,019,000 | 13,198,011 | ||||||
6.50%, 11/15/2022 | 32,454,000 | 33,143,647 | ||||||
7.63%, 3/15/2020 | 29,900,000 | 31,432,375 | ||||||
CSC Holdings LLC 6.75%, 11/15/2021 | 15,360,000 | 16,550,400 | ||||||
Cumulus Media Holdings, Inc. 7.75%, 5/1/2019 | 7,996,000 | 8,435,780 | ||||||
DISH DBS Corp.: | ||||||||
5.00%, 3/15/2023 | 24,538,000 | 22,881,685 | ||||||
5.88%, 7/15/2022 | 35,300,000 | 35,300,000 | ||||||
6.75%, 6/1/2021 | 29,341,000 | 31,101,460 | ||||||
Gannett Co., Inc.: | ||||||||
5.13%, 10/15/2019 (a) | 8,650,000 | 8,996,000 | ||||||
5.13%, 7/15/2020 (a) | 13,308,000 | 13,474,350 | ||||||
6.38%, 10/15/2023 (a) | 9,420,000 | 9,749,700 | ||||||
Griffey Intermediate, Inc./Griffey Finance Sub LLC 7.00%, 10/15/2020 (a) | 11,500,000 | 9,113,750 | ||||||
inVentiv Health, Inc. 9.00%, 1/15/2018 (a) | 9,745,000 | 10,134,800 | ||||||
Lamar Media Corp.: | ||||||||
5.00%, 5/1/2023 | 10,407,000 | 9,886,650 | ||||||
5.88%, 2/1/2022 | 9,128,000 | 9,356,200 | ||||||
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance 9.75%, 4/1/2021 (a) | 12,350,000 | 13,646,750 | ||||||
MDC Partners, Inc. 6.75%, 4/1/2020 (a) | 9,155,000 | 9,578,419 | ||||||
Mohegan Tribal Gaming Authority 9.75%, 9/1/2021 (a) | 9,320,000 | 10,042,300 | ||||||
Nara Cable Funding, Ltd. 8.88%, 12/1/2018 (a) | 17,860,000 | 19,199,500 | ||||||
Nexstar Broadcasting, Inc. 6.88%, 11/15/2020 | 7,658,000 | 8,194,060 | ||||||
Nielsen Finance LLC/Nielsen Finance Co.: | ||||||||
4.50%, 10/1/2020 | 17,658,000 | 17,172,405 | ||||||
7.75%, 10/15/2018 | 16,744,000 | 18,083,520 | ||||||
Quebecor Media, Inc. 5.75%, 1/15/2023 | 12,500,000 | 12,093,750 | ||||||
Sinclair Television Group, Inc.: | ||||||||
5.38%, 4/1/2021 | 8,960,000 | 8,825,600 | ||||||
6.13%, 10/1/2022 | 8,300,000 | 8,383,000 | ||||||
Sirius XM Radio, Inc.: | ||||||||
4.25%, 5/15/2020 (a) | 500,000 | 472,500 |
See accompanying notes to financial statements.
245
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
4.63%, 5/15/2023 (a) | $ | 4,421,000 | $ | 4,001,005 | ||||
5.75%, 8/1/2021 (a) | 11,800,000 | 11,918,000 | ||||||
5.88%, 10/1/2020 (a) | 13,217,000 | 13,481,340 | ||||||
Starz LLC/Starz Finance Corp. 5.00%, 9/15/2019 | 7,219,000 | 7,381,428 | ||||||
The Mcclatchy Co. 9.00%, 12/15/2022 | 19,048,000 | 20,952,800 | ||||||
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH 5.50%, 1/15/2023 (a) | 14,128,000 | 13,704,160 | ||||||
Univision Communications, Inc.: | ||||||||
6.75%, 9/15/2022 (a) | 14,500,000 | 15,877,500 | ||||||
6.88%, 5/15/2019 (a) | 20,085,000 | 21,465,844 | ||||||
8.50%, 5/15/2021 (a) | 17,690,000 | 19,459,000 | ||||||
Videotron, Ltd. 5.00%, 7/15/2022 | 13,109,000 | 12,814,047 | ||||||
Virgin Media Secured Finance PLC 6.50%, 1/15/2018 | 12,058,000 | 12,495,103 | ||||||
Visant Corp. 10.00%, 10/1/2017 | 17,357,000 | 16,836,290 | ||||||
WideOpenWest Finance LLC/ WideOpenWest Capital Corp. 10.25%, 7/15/2019 | 11,528,000 | 12,796,080 | ||||||
WMG Acquisition Corp. 11.50%, 10/1/2018 | 11,734,000 | 13,494,100 | ||||||
839,120,880 | ||||||||
METALS & MINING — 4.2% | ||||||||
AK Steel Corp. 7.63%, 5/15/2020 | 12,018,000 | 11,987,955 | ||||||
Aleris International, Inc.: | ||||||||
7.63%, 2/15/2018 | 9,250,000 | 9,781,875 | ||||||
7.88%, 11/1/2020 | 9,805,000 | 10,417,813 | ||||||
ArcelorMittal: | ||||||||
6.00%, 3/1/2021 | 23,100,000 | 24,486,000 | ||||||
7.50%, 10/15/2039 | 23,165,000 | 22,759,612 | ||||||
10.35%, 6/1/2019 (c) | 23,992,000 | 30,349,880 | ||||||
Edgen Murray Corp. 8.75%, 11/1/2020 (a) | 1,750,000 | 2,003,750 | ||||||
Eldorado Gold Corp. 6.13%, 12/15/2020 (a) | 11,425,000 | 10,996,562 | ||||||
Ferrexpo Finance PLC 7.88%, 4/7/2016 (a) | 1,500,000 | 1,455,000 | ||||||
FMG Resources August 2006 Pty, Ltd.: | ||||||||
6.00%, 4/1/2017 (a) | 14,500,000 | 15,406,250 | ||||||
7.00%, 11/1/2015 (a) | 18,570,000 | 19,266,375 | ||||||
8.25%, 11/1/2019 (a) | 23,250,000 | 26,098,125 | ||||||
Hecla Mining Co. 6.88%, 5/1/2021 (a) | 10,050,000 | 9,648,000 | ||||||
HudBay Minerals, Inc.: | ||||||||
9.50%, 10/1/2020 (a) | 1,000,000 | 1,020,000 | ||||||
9.50%, 10/1/2020 | 8,902,000 | 9,146,805 | ||||||
IAMGOLD Corp. 6.75%, 10/1/2020 (a) | 16,295,000 | 14,013,700 | ||||||
Inmet Mining Corp.: | ||||||||
7.50%, 6/1/2021 (a) | 9,408,000 | 9,831,360 | ||||||
8.75%, 6/1/2020 (a) | 30,993,000 | 33,627,405 | ||||||
JMC Steel Group 8.25%, 3/15/2018 (a) | 26,718,000 | 26,985,180 | ||||||
KGHM International, Ltd. 7.75%, 6/15/2019 (a) | 5,960,000 | 6,287,800 | ||||||
Molycorp, Inc. 10.00%, 6/1/2020 | 13,300,000 | 13,200,250 | ||||||
New Gold, Inc. 6.25%, 11/15/2022 (a) | 3,715,000 | 3,594,263 | ||||||
Novelis, Inc.: | ||||||||
8.38%, 12/15/2017 | 16,136,000 | 17,225,180 | ||||||
8.75%, 12/15/2020 | 21,651,000 | 24,086,737 | ||||||
Ryerson, Inc./Joseph T Ryerson & Son, Inc. 9.00%, 10/15/2017 (c) | 14,275,000 | 15,131,500 | ||||||
Schaeffler Finance BV: | ||||||||
4.75%, 5/15/2021 (a) | 12,895,000 | 12,862,762 | ||||||
7.75%, 2/15/2017 (a) | 13,841,000 | 15,709,535 | ||||||
Severstal Columbus LLC 10.25%, 2/15/2018 | 8,585,000 | 9,100,100 | ||||||
United States Steel Corp. 7.38%, 4/1/2020 | 10,093,000 | 10,875,208 | ||||||
Wise Metals Group LLC/Wise Alloys Finance Corp. 8.75%, 12/15/2018 (a) | 4,182,000 | 4,401,555 | ||||||
421,756,537 | ||||||||
MULTILINE RETAIL — 0.5% | ||||||||
Neiman Marcus Group, Ltd.: | ||||||||
8.00%, 10/15/2021 (a) | 11,622,000 | 12,144,990 | ||||||
8.75%, 10/15/2021 (a)(c) | 5,958,000 | 6,241,005 | ||||||
Sears Holdings Corp. 6.63%, 10/15/2018 | 20,870,000 | 18,887,350 | ||||||
SUPERVALU, Inc. 8.00%, 5/1/2016 | 8,755,000 | 9,685,219 | ||||||
46,958,564 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 17.0% | ||||||||
Access Midstream Partners LP/ACMP Finance Corp.: | ||||||||
4.88%, 5/15/2023 | 25,066,000 | 24,188,690 | ||||||
5.88%, 4/15/2021 | 10,517,000 | 11,200,605 | ||||||
6.13%, 7/15/2022 | 11,117,000 | 11,895,190 | ||||||
Alpha Natural Resources, Inc.: | ||||||||
6.00%, 6/1/2019 | 16,929,000 | 14,601,262 | ||||||
6.25%, 6/1/2021 | 15,190,000 | 12,987,450 | ||||||
9.75%, 4/15/2018 | 9,780,000 | 10,366,800 | ||||||
Antero Resources Finance Corp.: | ||||||||
5.38%, 11/1/2021 (a) | 11,875,000 | 11,993,750 | ||||||
6.00%, 12/1/2020 (c) | 11,387,000 | 11,956,350 | ||||||
Arch Coal, Inc.: | ||||||||
7.00%, 6/15/2019 | 20,500,000 | 16,297,500 | ||||||
7.25%, 6/15/2021 | 19,461,000 | 14,887,665 | ||||||
Athlon Holdings LP/ Athlon Finance Corp. 7.38%, 4/15/2021 (a) | 8,250,000 | 8,662,500 | ||||||
Atlas Pipeline Partners LP/ Atlas Pipeline Finance Corp. 5.88%, 8/1/2023 (a) | 11,043,000 | 10,518,458 | ||||||
Atwood Oceanics, Inc. 6.50%, 2/1/2020 | 9,475,000 | 10,114,563 | ||||||
Berry Petroleum Co. 6.38%, 9/15/2022 | 9,077,000 | 9,235,848 |
See accompanying notes to financial statements.
246
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Bonanza Creek Energy, Inc. 6.75%, 4/15/2021 | $ | 8,550,000 | $ | 8,956,125 | ||||
BreitBurn Energy Partners LP/BreitBurn Finance Corp. 7.88%, 4/15/2022 | 9,240,000 | 9,609,600 | ||||||
Carrizo Oil & Gas, Inc. 8.63%, 10/15/2018 | 10,763,000 | 11,650,947 | ||||||
Chaparral Energy, Inc. 7.63%, 11/15/2022 | 1,000,000 | 1,070,000 | ||||||
Chesapeake Energy Corp.: | ||||||||
5.75%, 3/15/2023 (c) | 19,950,000 | 20,548,500 | ||||||
6.63%, 8/15/2020 | 17,781,000 | 19,870,267 | ||||||
9.50%, 2/15/2015 | 19,000,000 | 20,591,250 | ||||||
Cie Generale de Geophysique — Veritas 6.50%, 6/1/2021 | 10,575,000 | 10,839,375 | ||||||
Cimarex Energy Co. 5.88%, 5/1/2022 | 9,489,000 | 10,034,618 | ||||||
Concho Resources, Inc.: | ||||||||
5.50%, 4/1/2023 | 24,945,000 | 25,693,350 | ||||||
6.50%, 1/15/2022 (c) | 7,777,000 | 8,418,603 | ||||||
7.00%, 1/15/2021 | 13,087,000 | 14,395,700 | ||||||
Connacher Oil and Gas, Ltd. 8.50%, 8/1/2019 (a) | 10,890,000 | 7,486,875 | ||||||
Consol Energy, Inc.: | ||||||||
8.00%, 4/1/2017 | 25,001,000 | 26,344,804 | ||||||
8.25%, 4/1/2020 | 19,267,000 | 20,856,527 | ||||||
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.: | ||||||||
6.00%, 12/15/2020 | 5,645,000 | 5,814,350 | ||||||
6.13%, 3/1/2022 (a) | 3,586,000 | 3,675,650 | ||||||
Crosstex Energy LP/Crosstex Energy Finance Corp. 8.88%, 2/15/2018 | 12,497,000 | 13,137,471 | ||||||
CVR Refining LLC/Coffeyville Finance, Inc. 6.50%, 11/1/2022 | 7,900,000 | 7,761,750 | ||||||
DCP Midstream LLC 5.85%, 5/21/2043 (a)(c)(e) | 9,050,000 | 8,416,500 | ||||||
Denbury Resources, Inc.: | ||||||||
4.63%, 7/15/2023 | 15,940,000 | 14,385,850 | ||||||
8.25%, 2/15/2020 | 17,186,000 | 18,926,082 | ||||||
Drill Rigs Holdings, Inc. 6.50%, 10/1/2017 (a) | 10,964,000 | 11,841,120 | ||||||
Eagle Rock Energy Partners LP/Eagle Rock Energy Finance Corp. 8.38%, 6/1/2019 | 11,967,000 | 13,044,030 | ||||||
Energy Transfer Equity LP 7.50%, 10/15/2020 | 22,080,000 | 24,784,800 | ||||||
Energy XXI Gulf Coast, Inc.: | ||||||||
7.50%, 12/15/2021 (a) | 9,061,000 | 9,446,093 | ||||||
9.25%, 12/15/2017 (c) | 9,929,000 | 11,046,012 | ||||||
EP Energy LLC/EP Energy Finance, Inc. 9.38%, 5/1/2020 | 30,465,000 | 35,148,994 | ||||||
EP Energy LLC/Everest Acquisition Finance, Inc. 6.88%, 5/1/2019 | 11,055,000 | 11,897,944 | ||||||
EPL Oil & Gas, Inc. 8.25%, 2/15/2018 (c) | 535,000 | 575,125 | ||||||
EV Energy Partners LP/EV Energy Finance Corp. 8.00%, 4/15/2019 | 8,850,000 | 8,894,250 | ||||||
EXCO Resources, Inc. 7.50%, 9/15/2018 | 22,425,000 | 21,303,750 | ||||||
Expro Finance Luxembourg SCA 8.50%, 12/15/2016 (a) | 13,222,000 | 13,783,935 | ||||||
Foresight Energy LLC/Foresight Energy Corp. 7.88%, 8/15/2021 (a) | 10,459,000 | 10,746,622 | ||||||
Gibson Energy, Inc. 6.75%, 7/15/2021 (a)(c) | 6,100,000 | 6,450,750 | ||||||
Halcon Resources Corp.: | ||||||||
8.88%, 5/15/2021 | 26,113,000 | 26,374,130 | ||||||
9.75%, 7/15/2020 | 12,453,000 | 12,982,252 | ||||||
Harvest Operations Corp. 6.88%, 10/1/2017 | 8,125,000 | 8,896,875 | ||||||
Hiland Partners LP/Hiland Partners Finance Corp. 7.25%, 10/1/2020 (a) | 12,601,000 | 13,514,572 | ||||||
Key Energy Services, Inc. 6.75%, 3/1/2021 (c) | 9,797,000 | 10,041,925 | ||||||
Kinder Morgan Finance Co. LLC 6.00%, 1/15/2018 (a) | 13,072,000 | 14,324,075 | ||||||
Kinder Morgan, Inc.: | ||||||||
5.00%, 2/15/2021 (a) | 10,047,000 | 9,896,154 | ||||||
5.63%, 11/15/2023 (a) | 11,729,000 | 11,356,452 | ||||||
Kodiak Oil & Gas Corp. 8.13%, 12/1/2019 | 11,513,000 | 12,779,430 | ||||||
Laredo Petroleum, Inc.: | ||||||||
7.38%, 5/1/2022 | 9,150,000 | 9,927,750 | ||||||
9.50%, 2/15/2019 | 8,606,000 | 9,617,205 | ||||||
Linn Energy LLC/Linn Energy Finance Corp.: | ||||||||
7.00%, 11/1/2019 (a) | 23,910,000 | 24,149,100 | ||||||
7.75%, 2/1/2021 | 13,500,000 | 14,276,250 | ||||||
8.63%, 4/15/2020 | 22,341,000 | 24,128,280 | ||||||
Magnum Hunter Resources Corp. 9.75%, 5/15/2020 | 5,000,000 | 5,400,000 | ||||||
MarkWest Energy Partners LP/MarkWest Energy Finance Corp.: | ||||||||
4.50%, 7/15/2023 (c) | 14,450,000 | 13,546,875 | ||||||
5.50%, 2/15/2023 | 10,810,000 | 10,891,075 | ||||||
6.75%, 11/1/2020 (c) | 8,638,000 | 9,372,230 | ||||||
MEG Energy Corp.: | ||||||||
6.38%, 1/30/2023 (a) | 14,208,000 | 14,296,800 | ||||||
6.50%, 3/15/2021 (a) | 8,525,000 | 8,972,563 | ||||||
7.00%, 3/31/2024 (a) | 12,850,000 | 13,010,625 | ||||||
Midstates Petroleum Co, Inc./Midstates Petroleum Co. LLC: | ||||||||
9.25%, 6/1/2021 | 13,860,000 | 14,483,700 | ||||||
10.75%, 10/1/2020 | 11,245,000 | 12,228,937 | ||||||
Murphy Oil USA, Inc. 6.00%, 8/15/2023 (a) | 5,660,000 | 5,688,300 | ||||||
Newfield Exploration Co.: | ||||||||
5.63%, 7/1/2024 | 17,249,000 | 17,162,755 |
See accompanying notes to financial statements.
247
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.75%, 1/30/2022 | $ | 12,324,000 | $ | 12,693,720 | ||||
6.88%, 2/1/2020 | 11,615,000 | 12,442,569 | ||||||
NGPL PipeCo LLC 9.63%, 6/1/2019 (a)(c) | 11,850,000 | 11,583,375 | ||||||
Northern Oil and Gas, Inc. 8.00%, 6/1/2020 | 7,740,000 | 8,107,650 | ||||||
Oasis Petroleum, Inc. 6.88%, 3/15/2022 (a) | 4,147,000 | 4,395,820 | ||||||
Offshore Group Investment, Ltd.: | ||||||||
7.13%, 4/1/2023 | 14,360,000 | 14,647,200 | ||||||
7.50%, 11/1/2019 (c) | 16,640,000 | 18,096,000 | ||||||
Oil States International, Inc. 6.50%, 6/1/2019 | 8,718,000 | 9,273,773 | ||||||
Pacific Drilling SA 5.38%, 6/1/2020 (a) | 13,595,000 | 13,662,975 | ||||||
Pacific Drilling V, Ltd. 7.25%, 12/1/2017 (a) | 7,000,000 | 7,560,000 | ||||||
PBF Holding Co. LLC/ PBF Finance Corp. 8.25%, 2/15/2020 | 9,440,000 | 10,242,400 | ||||||
PDC Energy, Inc. 7.75%, 10/15/2022 | 3,155,000 | 3,407,400 | ||||||
Peabody Energy Corp.: | ||||||||
6.00%, 11/15/2018 | 22,110,000 | 23,547,150 | ||||||
6.25%, 11/15/2021 | 20,700,000 | 20,907,000 | ||||||
6.50%, 9/15/2020 | 10,767,000 | 11,332,267 | ||||||
Penn Virginia Corp. 8.50%, 5/1/2020 | 12,000,000 | 12,900,000 | ||||||
PetroBakken Energy, Ltd. 8.63%, 2/1/2020 (a) | 30,500,000 | 30,805,000 | ||||||
Precision Drilling Corp. 6.63%, 11/15/2020 (c) | 9,933,000 | 10,603,478 | ||||||
QEP Resources, Inc.: | ||||||||
5.25%, 5/1/2023 | 10,228,000 | 9,588,750 | ||||||
5.38%, 10/1/2022 | 9,678,000 | 9,315,075 | ||||||
6.88%, 3/1/2021 | 9,271,000 | 9,943,148 | ||||||
Range Resources Corp.: | ||||||||
5.00%, 8/15/2022 | 10,873,000 | 10,682,723 | ||||||
5.00%, 3/15/2023 | 9,301,000 | 9,091,728 | ||||||
6.75%, 8/1/2020 | 8,179,000 | 8,853,768 | ||||||
Regency Energy Partners LP/Regency Energy Finance Corp.: | ||||||||
4.50%, 11/1/2023 | 10,450,000 | 9,509,500 | ||||||
5.50%, 4/15/2023 | 13,025,000 | 12,699,375 | ||||||
6.88%, 12/1/2018 | 7,924,000 | 8,498,490 | ||||||
Rockies Express Pipeline LLC: | ||||||||
5.63%, 4/15/2020 (a)(c) | 19,300,000 | 17,128,750 | ||||||
6.00%, 1/15/2019 (a)(c) | 10,820,000 | 10,008,500 | ||||||
6.88%, 4/15/2040 (a) | 9,850,000 | 8,150,875 | ||||||
Rosetta Resources, Inc.: | ||||||||
5.63%, 5/1/2021 | 10,444,000 | 10,417,890 | ||||||
5.88%, 6/1/2022 (c) | 5,200,000 | 5,161,000 | ||||||
Sabine Pass Liquefaction LLC: | ||||||||
5.63%, 2/1/2021 (a) | 30,874,000 | 30,179,335 | ||||||
5.63%, 4/15/2023 (a) | 18,096,000 | 16,919,760 | ||||||
6.25%, 3/15/2022 (a) | 13,233,000 | 13,133,752 | ||||||
Samson Investment Co. 10.50%, 2/15/2020 (a) | 42,050,000 | 45,834,500 | ||||||
Sanchez Energy Corp. 7.75%, 6/15/2021 (a) | 4,520,000 | 4,621,700 | ||||||
SandRidge Energy, Inc.: | ||||||||
7.50%, 3/15/2021 | 16,925,000 | 17,728,937 | ||||||
7.50%, 2/15/2023 | 13,750,000 | 13,956,250 | ||||||
8.13%, 10/15/2022 | 11,268,000 | 11,944,080 | ||||||
SESI LLC: | ||||||||
6.38%, 5/1/2019 | 8,678,000 | 9,263,765 | ||||||
7.13%, 12/15/2021 (c) | 12,462,000 | 13,895,130 | ||||||
SM Energy Co. 5.00%, 1/15/2024 (a) | 7,333,000 | 6,984,683 | ||||||
Stone Energy Corp. 7.50%, 11/15/2022 | 16,050,000 | 16,772,250 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp.: | ||||||||
4.25%, 11/15/2023 (a) | 12,775,000 | 11,433,625 | ||||||
5.25%, 5/1/2023 | 13,816,000 | 13,384,250 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp. 6.13%, 10/15/2021 | 7,005,000 | 7,215,150 | ||||||
Tullow Oil PLC 6.00%, 11/1/2020 (a)(c) | 4,214,000 | 4,277,210 | ||||||
Unit Corp. 6.63%, 5/15/2021 (c) | 13,800,000 | 14,559,000 | ||||||
Vanguard Natural Resources LLC/VNR Finance Corp. 7.88%, 4/1/2020 | 8,495,000 | 8,919,750 | ||||||
Venoco, Inc. 8.88%, 2/15/2019 | 14,000,000 | 13,790,000 | ||||||
W&T Offshore, Inc. 8.50%, 6/15/2019 | 14,031,000 | 14,837,782 | ||||||
Walter Energy, Inc. 9.88%, 12/15/2020 | 3,795,000 | 3,282,675 | ||||||
Whiting Petroleum Corp.: | ||||||||
5.00%, 3/15/2019 (c) | 20,616,000 | 21,079,860 | ||||||
5.75%, 3/15/2021 | 11,620,000 | 12,026,700 | ||||||
WPX Energy, Inc. 6.00%, 1/15/2022 | 18,260,000 | 18,260,000 | ||||||
1,693,230,053 | ||||||||
PAPER & FOREST PRODUCTS — 0.1% | ||||||||
Resolute Forest Products, Inc. 5.88%, 5/15/2023 (a) | 12,402,000 | 11,471,850 | ||||||
PERSONAL PRODUCTS — 0.2% | ||||||||
First Quality Finance Co., Inc. 4.63%, 5/15/2021 (a) | 10,083,000 | 9,578,850 | ||||||
Revlon Consumer Products Corp. 5.75%, 2/15/2021 | 9,400,000 | 9,270,750 | ||||||
18,849,600 | ||||||||
PHARMACEUTICALS — 1.8% | ||||||||
ConvaTec Healthcare E SA 10.50%, 12/15/2018 (a) | 17,630,000 | 19,811,713 | ||||||
Endo Finance Co. 5.75%, 1/15/2022 (a) | 9,100,000 | 9,145,500 | ||||||
Endo Health Solutions, Inc. 7.00%, 7/15/2019 | 9,627,000 | 10,300,890 | ||||||
Forest Laboratories, Inc. 5.00%, 12/15/2021 (a) | 11,576,000 | 11,619,410 |
See accompanying notes to financial statements.
248
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Grifols, Inc. 8.25%, 2/1/2018 | $ | 15,531,000 | $ | 16,559,929 | ||||
Hospira, Inc. 5.60%, 9/15/2040 | 1,219,000 | 1,114,422 | ||||||
NBTY, Inc. 9.00%, 10/1/2018 | 9,352,000 | 10,252,130 | ||||||
Salix Pharmaceuticals, Ltd. 6.00%, 1/15/2021 (a) | 10,740,000 | 11,008,500 | ||||||
VPI Escrow Corp. 6.38%, 10/15/2020 (a) | 37,258,000 | 39,260,617 | ||||||
VPII Escrow Corp.: | ||||||||
6.75%, 8/15/2018 (a) | 22,757,000 | 25,004,254 | ||||||
7.50%, 7/15/2021 (a) | 25,145,000 | 27,596,637 | ||||||
181,674,002 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 0.4% | ||||||||
DuPont Fabros Technology LP 5.88%, 9/15/2021 | 8,641,000 | 8,921,833 | ||||||
Felcor Lodging LP: | ||||||||
5.63%, 3/1/2023 | 9,476,000 | 9,239,100 | ||||||
6.75%, 6/1/2019 | 8,283,000 | 8,821,395 | ||||||
The Howard Hughes Corp. 6.88%, 10/1/2021 (a) | 9,340,000 | 9,713,600 | ||||||
36,695,928 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.4% | ||||||||
CBRE Services, Inc. 5.00%, 3/15/2023 | 13,543,000 | 13,018,209 | ||||||
Realogy Corp., Series 1 7.88%, 2/15/2019 (a) | 10,635,000 | 11,671,912 | ||||||
Realogy Group LLC 7.63%, 1/15/2020 (a) | 9,320,000 | 10,461,700 | ||||||
The Realogy Group LLC/Sunshine Group Florida Ltd. 3.38%, 5/1/2016 (a) | 9,123,000 | 9,191,423 | ||||||
44,343,244 | ||||||||
ROAD & RAIL — 0.3% | ||||||||
Avis Budget Car Rental LLC/Avis Budget Finance, Inc. 8.25%, 1/15/2019 | 11,184,000 | 12,190,560 | ||||||
CHC Helicopter SA 9.25%, 10/15/2020 | 19,087,000 | 20,566,243 | ||||||
32,756,803 | ||||||||
SEMICONDUCTORS — 0.8% | ||||||||
Advanced Micro Devices, Inc. 7.75%, 8/1/2020 | 12,200,000 | 12,108,500 | ||||||
Amkor Technology, Inc. 6.38%, 10/1/2022 | 2,300,000 | 2,363,250 | ||||||
Freescale Semiconductor, Inc.: | ||||||||
5.00%, 5/15/2021 (a) | 8,650,000 | 8,412,125 | ||||||
6.00%, 1/15/2022 (a) | 15,223,000 | 15,413,287 | ||||||
8.05%, 2/1/2020 | 10,205,000 | 10,970,375 | ||||||
Sensata Technologies BV: | ||||||||
4.88%, 10/15/2023 (a) | 9,360,000 | 8,798,400 | ||||||
6.50%, 5/15/2019 (a) | 8,890,000 | 9,534,525 | ||||||
STATS ChipPAC, Ltd. 4.50%, 3/20/2018 (a) | 10,053,000 | 10,027,868 | ||||||
SunEdison, Inc. 7.75%, 4/1/2019 | 6,500,000 | 6,971,250 | ||||||
84,599,580 | ||||||||
SOFTWARE — 1.4% | ||||||||
Activision Blizzard, Inc.: | ||||||||
5.63%, 9/15/2021 (a) | 19,312,000 | 19,987,920 | ||||||
6.13%, 9/15/2023 (a) | 12,900,000 | 13,448,250 | ||||||
Audatex North America, Inc. 6.00%, 6/15/2021 (a) | 20,039,000 | 20,990,852 | ||||||
BMC Software Finance, Inc. 8.13%, 7/15/2021 (a) | 20,674,000 | 21,294,220 | ||||||
Healthcare Technology Intermediate, Inc. 7.38%, 9/1/2018 (a) | 11,512,000 | 11,972,480 | ||||||
IMS Health, Inc.: | ||||||||
6.00%, 11/1/2020 (a) | 7,491,000 | 7,959,188 | ||||||
12.50%, 3/1/2018 (a) | 17,990,000 | 21,273,175 | ||||||
Nuance Communications, Inc. 5.38%, 8/15/2020 (a) | 15,533,000 | 15,183,507 | ||||||
Sophia LP/Sophia Finance, Inc. 9.75%, 1/15/2019 (a) | 3,987,000 | 4,415,603 | ||||||
136,525,195 | ||||||||
SPECIALTY RETAIL — 3.2% | ||||||||
AmeriGas Finance LLC/AmeriGas Finance Corp.: | ||||||||
6.75%, 5/20/2020 | 8,189,000 | 8,946,483 | ||||||
7.00%, 5/20/2022 | 14,980,000 | 16,253,300 | ||||||
Best Buy Co., Inc.: | ||||||||
5.00%, 8/1/2018 | 7,094,000 | 7,430,965 | ||||||
5.50%, 3/15/2021 | 10,808,000 | 10,889,060 | ||||||
Chinos Intermediate Holdings A, Inc. 7.75%, 5/1/2019 (a) | 5,496,000 | 5,619,660 | ||||||
Claire’s Stores, Inc. 9.00%, 3/15/2019 (a) | 17,160,000 | 18,618,600 | ||||||
CST Brands, Inc. 5.00%, 5/1/2023 | 7,670,000 | 7,401,550 | ||||||
DineEquity, Inc. 9.50%, 10/30/2018 | 11,420,000 | 12,676,200 | ||||||
Dufry Finance SCA 5.50%, 10/15/2020 (a) | 7,975,000 | 8,174,375 | ||||||
Ferrellgas LP/Ferrellgas Finance Corp. 6.50%, 5/1/2021 (c) | 8,025,000 | 8,185,500 | ||||||
L Brands, Inc.: | ||||||||
5.63%, 2/15/2022 | 15,675,000 | 16,027,687 | ||||||
6.63%, 4/1/2021 | 12,753,000 | 13,996,417 | ||||||
8.50%, 6/15/2019 | 8,160,000 | 9,792,000 | ||||||
Landry’s, Inc. 9.38%, 5/1/2020 (a)(c) | 9,624,000 | 10,490,160 | ||||||
Michaels FinCo Holdings LLC/Michaels FinCo, Inc. 7.50%, 8/1/2018 (a) | 9,775,000 | 10,166,000 | ||||||
Michaels Stores, Inc. 7.75%, 11/1/2018 (c) | 16,535,000 | 17,940,475 | ||||||
New Academy Finance Co. LLC/New Academy Finance Corp. PIK 8.00%, 6/15/2018 (a) | 8,099,000 | 8,301,556 | ||||||
Party City Holdings, Inc. 8.88%, 8/1/2020 | 10,877,000 | 12,182,240 |
See accompanying notes to financial statements.
249
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Penske Automotive Group, Inc. 5.75%, 10/1/2022 | $ | 9,224,000 | $ | 9,431,540 | ||||
Petco Animal Supplies, Inc. 9.25%, 12/1/2018 (a)(c) | 9,250,000 | 9,920,625 | ||||||
Petco Holdings, Inc. PIK 8.50%, 10/15/2017 (a) | 6,780,000 | 6,915,600 | ||||||
Rite Aid Corp.: | ||||||||
6.75%, 6/15/2021 | 11,400,000 | 11,955,750 | ||||||
8.00%, 8/15/2020 | 10,417,000 | 11,719,125 | ||||||
9.25%, 3/15/2020 | 11,626,000 | 13,340,835 | ||||||
Sally Holdings LLC/Sally Capital, Inc.: | ||||||||
5.75%, 6/1/2022 | 14,113,000 | 14,677,520 | ||||||
6.88%, 11/15/2019 (c) | 10,508,000 | 11,611,340 | ||||||
Serta Simmons Holdings LLC 8.13%, 10/1/2020 (a) | 10,160,000 | 11,049,000 | ||||||
Toys R Us Property Co. II LLC 8.50%, 12/1/2017 | 11,240,000 | 11,577,200 | ||||||
315,290,763 | ||||||||
STORAGE/WAREHOUSING — 0.3% | ||||||||
Algeco Scotsman Global Finance PLC: | ||||||||
8.50%, 10/15/2018 (a) | 12,615,000 | 13,655,738 | ||||||
10.75%, 10/15/2019 (a) | 13,604,000 | 14,352,220 | ||||||
28,007,958 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.6% | ||||||||
Hanesbrands, Inc. 6.38%, 12/15/2020 | 15,634,000 | 17,080,145 | ||||||
Levi Strauss & Co.: | ||||||||
6.88%, 5/1/2022 | 6,375,000 | 7,012,500 | ||||||
7.63%, 5/15/2020 | 9,600,000 | 10,536,000 | ||||||
PVH Corp.: | ||||||||
4.50%, 12/15/2022 | 12,478,000 | 11,822,905 | ||||||
7.38%, 5/15/2020 | 8,099,000 | 8,919,024 | ||||||
55,370,574 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Globe Luxembourg SCA 9.63%, 5/1/2018 (a) | 8,143,000 | 8,436,962 | ||||||
TOBACCO — 0.1% | ||||||||
Alliance One International, Inc. 9.88%, 7/15/2021 | 15,720,000 | 14,737,500 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.5% | ||||||||
United Rentals North America, Inc.: | ||||||||
7.38%, 5/15/2020 | 11,575,000 | 12,833,781 | ||||||
7.63%, 4/15/2022 | 16,045,000 | 17,830,007 | ||||||
8.38%, 9/15/2020 | 13,820,000 | 15,409,300 | ||||||
WESCO Distribution, Inc. 5.38%, 12/15/2021 (a) | 7,425,000 | 7,425,000 | ||||||
53,498,088 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 0.2% | ||||||||
Gulfmark Offshore, Inc. 6.38%, 3/15/2022 | 6,375,000 | 6,422,813 | ||||||
Navios Maritime Acquisition Corp./Navios Acquisition Finance US, Inc. 8.13%, 11/15/2021 (a) | 3,200,000 | 3,264,000 | ||||||
Navios Maritime Holdings, Inc./Navios Maritime Finance US, Inc. 7.38%, 1/15/2022 (a) | 6,943,000 | 6,977,715 | ||||||
Swift Services Holdings, Inc. 10.00%, 11/15/2018 | 5,000,000 | 5,562,500 | ||||||
22,227,028 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 3.9% | ||||||||
Altice Financing SA 6.50%, 1/15/2022 (a) | 3,811,000 | 3,849,110 | ||||||
Avaya, Inc.: | ||||||||
7.00%, 4/1/2019 (a) | 18,983,000 | 18,603,340 | ||||||
10.50%, 3/1/2021 (a) | 29,797,000 | 28,456,135 | ||||||
Cincinnati Bell, Inc. 8.38%, 10/15/2020 (c) | 13,000,000 | 14,072,500 | ||||||
CommScope Holding Co., Inc. 6.63%, 6/1/2020 (a) | 8,460,000 | 8,798,400 | ||||||
Crown Castle International Corp.: | ||||||||
5.25%, 1/15/2023 (c) | 25,994,000 | 25,474,120 | ||||||
7.13%, 11/1/2019 | 9,840,000 | 10,602,600 | ||||||
MetroPCS Wireless, Inc.: | ||||||||
6.25%, 4/1/2021 (a) | 22,388,000 | 23,227,550 | ||||||
6.63%, 4/1/2023 (a) | 28,950,000 | 29,890,875 | ||||||
Millicom International Cellular SA: | ||||||||
4.75%, 5/22/2020 (a)(c) | 5,500,000 | 5,280,000 | ||||||
6.63%, 10/15/2021 (a) | 7,792,000 | 8,060,824 | ||||||
Nokia Oyj 5.38%, 5/15/2019 | 12,441,000 | 12,907,537 | ||||||
Nokia OYJ 6.63%, 5/15/2039 | 9,385,000 | 9,220,763 | ||||||
Sprint Corp.: | ||||||||
7.13%, 6/15/2024 (a) | 31,941,000 | 32,420,115 | ||||||
7.88%, 9/15/2023 (a) | 56,083,000 | 60,289,225 | ||||||
Sprint Nextel Corp.: | ||||||||
6.00%, 11/15/2022 | 4,904,000 | 4,781,400 | ||||||
9.00%, 11/15/2018 (a) | 46,735,000 | 56,315,675 | ||||||
T-Mobile USA, Inc. 6.46%, 4/28/2019 | 17,580,000 | 18,678,750 | ||||||
Telecom Italia Capital SA 7.18%, 6/18/2019 | 14,250,000 | 15,995,625 | ||||||
386,924,544 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $9,699,718,413) | 9,738,970,435 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 1.0% | ||||||||
MONEY MARKET FUND — 1.0% | ||||||||
State Street Institutional Liquid Reserves Fund 0.06% (f)(g)(h) (Cost $92,978,300) | 92,978,300 | 92,978,300 | ||||||
TOTAL INVESTMENTS — 98.7% (b) | ||||||||
(Cost $9,792,696,713) | 9,831,948,735 | |||||||
OTHER ASSETS & LIABILITIES — 1.3% | 133,162,036 | |||||||
NET ASSETS — 100.0% | $ | 9,965,110,771 | ||||||
See accompanying notes to financial statements.
250
SPDR Barclays High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 37.0% of net assets as of December 31, 2013, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(b) | Unless otherwise indicated, the values of securities of the Fund are determined based on Level 2 inputs. (Note 2) | |||||
(c) | 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) | |||||
(d) | Amount shown represents less than 0.05% of net assets. | |||||
(e) | Variable rate security. Rate shown is rate in effect at December 31, 2013. Maturity date disclosed is the ultimate maturity. | |||||
(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) |
ADS = American Depositary Shares
PIK = Payment in Kind
PLC = Public Limited Company
SCA = Societe en Commandite par Actions
ULC = Unlimited Liability Corporation
See accompanying notes to financial statements.
251
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 96.4% | ||||||||
AEROSPACE & DEFENSE — 1.8% | ||||||||
Aviation Capital Group Corp. 3.88%, 9/27/2016 (a) | $ | 5,000,000 | $ | 5,164,440 | ||||
Bombardier, Inc.: | ||||||||
4.25%, 1/15/2016 (a) | 7,750,000 | 8,098,750 | ||||||
7.50%, 3/15/2018 (a) | 6,275,000 | 7,137,813 | ||||||
Huntington Ingalls Industries, Inc. 6.88%, 3/15/2018 | 8,181,000 | 8,835,480 | ||||||
Kratos Defense & Security Solutions, Inc. 10.00%, 6/1/2017 | 12,050,000 | 12,998,937 | ||||||
Sequa Corp. 7.00%, 12/15/2017 (a) | 7,377,500 | 7,451,275 | ||||||
Triumph Group, Inc. 8.63%, 7/15/2018 | 4,175,000 | 4,509,000 | ||||||
54,195,695 | ||||||||
AIRLINES — 0.8% | ||||||||
Continental Airlines 2012-3 Pass Through Trust, Class C 6.13%, 4/29/2018 | 7,600,000 | 7,942,000 | ||||||
Continental Airlines, Inc. 6.75%, 9/15/2015 (a) | 7,060,000 | 7,280,625 | ||||||
US Airways Group, Inc. 6.13%, 6/1/2018 | 8,601,000 | 8,665,508 | ||||||
23,888,133 | ||||||||
AUTO COMPONENTS — 1.3% | ||||||||
Chassix, Inc. 9.25%, 8/1/2018 (a) | 2,824,000 | 3,007,560 | ||||||
Cooper-Standard Automotive, Inc. 8.50%, 5/1/2018 | 3,892,000 | 4,125,520 | ||||||
Jaguar Land Rover Automotive PLC: | ||||||||
4.13%, 12/15/2018 (a) | 8,300,000 | 8,351,875 | ||||||
7.75%, 5/15/2018 (a) | 6,647,000 | 7,153,834 | ||||||
Pittsburgh Glass Works LLC 8.00%, 11/15/2018 (a) | 5,047,000 | 5,311,967 | ||||||
Schaeffler Holding Finance BV 6.88%, 8/15/2018 (a) | 10,000,000 | 10,600,000 | ||||||
38,550,756 | ||||||||
AUTOMOBILES — 0.2% | ||||||||
General Motors Co. 3.50%, 10/2/2018 (a) | 6,451,000 | 6,596,148 | ||||||
BEVERAGES — 0.9% | ||||||||
Constellation Brands, Inc.: | ||||||||
7.25%, 9/1/2016 | 7,905,000 | 8,972,175 | ||||||
7.25%, 5/15/2017 | 6,185,000 | 7,190,062 | ||||||
8.38%, 12/15/2014 | 4,280,000 | 4,558,200 | ||||||
Cott Beverages, Inc. 8.13%, 9/1/2018 | 5,800,000 | 6,264,000 | ||||||
26,984,437 | ||||||||
BIOTECHNOLOGY — 0.2% | ||||||||
STHI Holding Corp. 8.00%, 3/15/2018 (a)(b) | 6,025,000 | 6,446,750 | ||||||
BUILDING PRODUCTS — 3.3% | ||||||||
Associated Materials LLC 9.13%, 11/1/2017 | 12,110,000 | 12,927,425 | ||||||
Building Materials Corp. of America 6.88%, 8/15/2018 (a) | 5,868,000 | 6,234,750 | ||||||
Calcipar SA 6.88%, 5/1/2018 (a)(b) | 2,840,000 | 3,010,400 | ||||||
Euramax International, Inc. 9.50%, 4/1/2016 | 2,623,000 | 2,629,557 | ||||||
Griffon Corp. 7.13%, 4/1/2018 | 8,246,000 | 8,740,760 | ||||||
Hanson PLC 6.13%, 8/15/2016 | 7,660,000 | 8,406,850 | ||||||
Interline Brands, Inc. 10.00%, 11/15/2018 | 900,000 | 983,250 | ||||||
Jeld-Wen Escrow Corp. 12.25%, 10/15/2017 (a) | 3,940,000 | 4,471,900 | ||||||
Lafarge SA: | ||||||||
6.20%, 7/9/2015 (a)(b) | 4,995,000 | 5,294,700 | ||||||
6.50%, 7/15/2016 (b) | 5,991,000 | 6,620,055 | ||||||
Masco Corp.: | ||||||||
4.80%, 6/15/2015 | 2,260,000 | 2,356,050 | ||||||
6.13%, 10/3/2016 | 8,626,000 | 9,661,120 | ||||||
Ply Gem Industries, Inc. 8.25%, 2/15/2018 | 11,183,000 | 11,909,895 | ||||||
USG Corp.: | ||||||||
6.30%, 11/15/2016 | 4,698,000 | 5,038,605 | ||||||
8.38%, 10/15/2018 (a) | 2,000,000 | 2,175,000 | ||||||
9.75%, 1/15/2018 | 7,510,000 | 8,880,575 | ||||||
99,340,892 | ||||||||
CAPITAL MARKETS — 0.5% | ||||||||
American Capital, Ltd. 6.50%, 9/15/2018 (a) | 4,040,000 | 4,211,700 | ||||||
E*TRADE Financial Corp.: | ||||||||
6.00%, 11/15/2017 | 6,475,000 | 6,879,688 | ||||||
6.75%, 6/1/2016 | 4,600,000 | 4,991,000 | ||||||
16,082,388 | ||||||||
CHEMICALS — 1.9% | ||||||||
Ashland, Inc.: | ||||||||
3.00%, 3/15/2016 | 5,715,000 | 5,829,300 | ||||||
3.88%, 4/15/2018 | 9,990,000 | 10,114,875 | ||||||
Hexion US Finance Corp./Hexion Nova Scotia Finance ULC 8.88%, 2/1/2018 | 15,200,000 | 15,789,000 | ||||||
Ineos Group Holdings SA 6.13%, 8/15/2018 (a) | 10,398,000 | 10,449,990 | ||||||
Momentive Performance Materials, Inc. 11.50%, 12/1/2016 | 3,660,000 | 2,488,800 | ||||||
Perstorp Holding AB: | ||||||||
8.75%, 5/15/2017 (a) | 4,350,000 | 4,676,250 | ||||||
11.00%, 8/15/2017 (a) | 3,000,000 | 3,195,000 | ||||||
PQ Corp. 8.75%, 5/1/2018 (a) | 4,200,000 | 4,578,000 | ||||||
Rain CII Carbon LLC/CII Carbon Corp. 8.00%, 12/1/2018 (a)(b) | 1,850,000 | 1,914,750 | ||||||
59,035,965 | ||||||||
See accompanying notes to financial statements.
252
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
COMMERCIAL BANKS — 3.6% | ||||||||
CIT Group, Inc.: | ||||||||
4.25%, 8/15/2017 | $ | 12,738,000 | $ | 13,263,442 | ||||
4.75%, 2/15/2015 (a) | 12,736,000 | 13,197,680 | ||||||
5.00%, 5/15/2017 | 5,150,000 | 5,497,625 | ||||||
5.25%, 4/1/2014 (a) | 6,150,000 | 6,211,500 | ||||||
5.25%, 3/15/2018 | 12,550,000 | 13,459,875 | ||||||
6.63%, 4/1/2018 (a) | 7,246,000 | 8,142,692 | ||||||
Dresdner Bank AG/New York NY 7.25%, 9/15/2015 | 4,420,000 | 4,772,177 | ||||||
HBOS PLC 6.75%, 5/21/2018 (a) | 12,950,000 | 14,648,095 | ||||||
Royal Bank of Scotland Group PLC: | ||||||||
4.70%, 7/3/2018 | 8,200,000 | 8,330,856 | ||||||
5.00%, 10/1/2014 | 9,799,000 | 10,014,108 | ||||||
Sophia Holding Finance LP/Sophia Holding Finance, Inc. 9.63%, 12/1/2018 (a) | 4,420,000 | 4,552,600 | ||||||
Synovus Financial Corp. 5.13%, 6/15/2017 | 6,115,000 | 6,313,737 | ||||||
108,404,387 | ||||||||
COMMERCIAL SERVICES — 0.7% | ||||||||
Ceridian Corp. 11.25%, 11/15/2015 | 7,550,000 | 7,606,625 | ||||||
National Money Mart Co. 10.38%, 12/15/2016 | 6,206,000 | 6,299,090 | ||||||
RR Donnelley & Sons Co. 7.25%, 5/15/2018 | 7,250,000 | 8,228,750 | ||||||
22,134,465 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.8% | ||||||||
Ahern Rentals, Inc. 9.50%, 6/15/2018 (a) | 5,148,000 | 5,572,710 | ||||||
Cenveo Corp. 8.88%, 2/1/2018 | 5,800,000 | 5,800,000 | ||||||
DynCorp International, Inc. 10.38%, 7/1/2017 | 4,125,000 | 4,217,812 | ||||||
Igloo Holdings Corp. 8.25%, 12/15/2017 (a) | 2,350,000 | 2,405,813 | ||||||
Interactive Data Corp. 10.25%, 8/1/2018 | 9,850,000 | 10,835,000 | ||||||
iPayment, Inc. 10.25%, 5/15/2018 | 3,500,000 | 2,870,000 | ||||||
Jaguar Holding Co. I PIK 9.38%, 10/15/2017 (a) | 9,042,000 | 9,561,915 | ||||||
Nord Anglia Education UK Holdings PLC 10.25%, 4/1/2017 (a) | 7,150,000 | 7,847,125 | ||||||
Nuverra Environmental Solutions, Inc. 9.88%, 4/15/2018 | 5,000,000 | 4,875,000 | ||||||
Safway Group Holding LLC/Safway Finance Corp. 7.00%, 5/15/2018 (a) | 4,966,000 | 5,239,130 | ||||||
Speedy Cash Intermediate Holdings Corp. 10.75%, 5/15/2018 (a) | 4,500,000 | 4,736,250 | ||||||
Tervita Corp. 8.00%, 11/15/2018 (a) | 5,200,000 | 5,369,000 | ||||||
The ADT Corp. 2.25%, 7/15/2017 | 11,490,000 | 11,306,884 | ||||||
The Hertz Corp. 7.50%, 10/15/2018 | 4,250,000 | 4,584,687 | ||||||
85,221,326 | ||||||||
COMPUTERS & PERIPHERALS — 1.3% | ||||||||
Dell, Inc.: | ||||||||
2.30%, 9/10/2015 | 6,000,000 | 6,022,500 | ||||||
3.10%, 4/1/2016 | 4,400,000 | 4,438,500 | ||||||
5.65%, 4/15/2018 | 7,050,000 | 7,199,813 | ||||||
iGate Corp. 9.00%, 5/1/2016 | 12,125,000 | 12,882,812 | ||||||
Infor US, Inc. 11.50%, 7/15/2018 | 8,500,000 | 9,796,250 | ||||||
40,339,875 | ||||||||
CONSTRUCTION & ENGINEERING — 0.0% (c) | ||||||||
Michael Baker International LLC/CDL Acquisition Co., Inc. 8.25%, 10/15/2018 (a) | 1,000,000 | 1,025,000 | ||||||
CONSTRUCTION MATERIALS — 0.4% | ||||||||
Vulcan Materials Co.: | ||||||||
6.40%, 11/30/2017 | 2,425,000 | 2,728,125 | ||||||
6.50%, 12/1/2016 | 6,265,000 | 7,016,800 | ||||||
7.00%, 6/15/2018 | 3,040,000 | 3,458,000 | ||||||
13,202,925 | ||||||||
CONSUMER FINANCE — 1.1% | ||||||||
SLM Corp.: | ||||||||
5.00%, 4/15/2015 | 2,000,000 | 2,092,500 | ||||||
6.00%, 1/25/2017 | 6,500,000 | 7,036,250 | ||||||
6.25%, 1/25/2016 | 9,100,000 | 9,828,000 | ||||||
8.45%, 6/15/2018 | 13,435,000 | 15,651,775 | ||||||
34,608,525 | ||||||||
CONTAINERS & PACKAGING — 1.5% | ||||||||
Ardagh Packaging Finance PLC 7.38%, 10/15/2017 (a)(b) | 8,750,000 | 9,406,250 | ||||||
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA, Inc. 7.38%, 10/15/2017 (a)(b) | 4,300,000 | 4,617,125 | ||||||
Berry Plastics Corp. 9.50%, 5/15/2018 | 8,550,000 | 9,169,875 | ||||||
Beverage Packaging Holdings Luxembourg II SA/Beverage Packaging Holdings II Is: | ||||||||
5.63%, 12/15/2016 (a) | 7,316,000 | 7,462,320 | ||||||
6.00%, 6/15/2017 (a) | 5,921,000 | 5,995,013 | ||||||
Owens-Brockway Glass Container, Inc. 7.38%, 5/15/2016 | 6,535,000 | 7,335,537 | ||||||
Packaging Dynamics Corp. 8.75%, 2/1/2016 (a)(b) | 2,300,000 | 2,363,250 | ||||||
46,349,370 | ||||||||
DISTRIBUTORS — 0.3% | ||||||||
VWR Funding, Inc. 7.25%, 9/15/2017 | 8,415,000 | 9,025,088 | ||||||
See accompanying notes to financial statements.
253
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.6% | ||||||||
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu 8.50%, 5/15/2018 (b) | $ | 17,200,000 | $ | 18,146,000 | ||||
DIVERSIFIED FINANCIAL SERVICES — 12.5% | ||||||||
Affinion Investments LLC 13.50%, 8/15/2018 (a) | 3,162,000 | 3,146,190 | ||||||
Aircastle, Ltd.: | ||||||||
4.63%, 12/15/2018 | 4,800,000 | 4,836,000 | ||||||
6.75%, 4/15/2017 | 7,200,000 | 8,028,000 | ||||||
9.75%, 8/1/2018 | 1,500,000 | 1,638,750 | ||||||
Ally Financial, Inc.: | ||||||||
2.75%, 1/30/2017 | 5,150,000 | 5,169,313 | ||||||
3.13%, 1/15/2016 | 2,050,000 | 2,095,385 | ||||||
3.50%, 7/18/2016 | 6,700,000 | 6,913,355 | ||||||
4.50%, 2/11/2014 (b) | 6,723,000 | 6,748,211 | ||||||
4.63%, 6/26/2015 | 7,100,000 | 7,389,595 | ||||||
4.75%, 9/10/2018 | 3,400,000 | 3,557,250 | ||||||
5.50%, 2/15/2017 | 7,875,000 | 8,524,687 | ||||||
6.25%, 12/1/2017 | 4,415,000 | 4,922,725 | ||||||
6.75%, 12/1/2014 | 2,900,000 | 3,037,750 | ||||||
6.75%, 12/1/2014 | 2,150,000 | 2,249,438 | ||||||
8.30%, 2/12/2015 | 8,725,000 | 9,379,375 | ||||||
Alphabet Holding Co., Inc.: | ||||||||
7.75%, 11/1/2017 | 5,955,000 | 6,141,094 | ||||||
7.75%, 11/1/2017 (a) | 5,041,000 | 5,198,531 | ||||||
CEVA Group PLC 8.38%, 12/1/2017 (a)(b) | 9,950,000 | 10,397,750 | ||||||
CNH Capital LLC: | ||||||||
3.25%, 2/1/2017 (a) | 4,380,000 | 4,456,650 | ||||||
3.63%, 4/15/2018 | 8,475,000 | 8,591,531 | ||||||
3.88%, 11/1/2015 | 8,526,000 | 8,803,095 | ||||||
6.25%, 11/1/2016 | 7,812,000 | 8,622,495 | ||||||
Credit Acceptance Corp. 9.13%, 2/1/2017 | 6,785,000 | 7,124,250 | ||||||
General Motors Financial Co., Inc.: | ||||||||
2.75%, 5/15/2016 (a) | 9,893,000 | 10,016,662 | ||||||
3.25%, 5/15/2018 (a) | 6,398,000 | 6,398,000 | ||||||
4.75%, 8/15/2017 (a) | 8,635,000 | 9,163,894 | ||||||
6.75%, 6/1/2018 | 5,250,000 | 5,985,000 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp.: | ||||||||
7.75%, 1/15/2016 | 10,350,000 | 10,557,000 | ||||||
8.00%, 1/15/2018 | 23,350,000 | 24,284,000 | ||||||
International Lease Finance Corp.: | ||||||||
3.88%, 4/15/2018 (b) | 9,286,000 | 9,309,215 | ||||||
4.88%, 4/1/2015 | 5,050,000 | 5,226,750 | ||||||
5.65%, 6/1/2014 | 8,359,000 | 8,505,283 | ||||||
5.75%, 5/15/2016 | 8,750,000 | 9,373,437 | ||||||
8.63%, 9/15/2015 | 7,625,000 | 8,463,750 | ||||||
8.75%, 3/15/2017 | 15,400,000 | 18,133,500 | ||||||
8.88%, 9/1/2017 | 4,850,000 | 5,771,500 | ||||||
MPH Intermediate Holding Co. 2 8.38%, 8/1/2018 (a) | 7,880,000 | 8,195,200 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp. 6.50%, 8/1/2018 | 9,250,000 | 9,411,875 | ||||||
Nuveen Investments, Inc. 9.13%, 10/15/2017 (a) | 5,000,000 | 5,000,000 | ||||||
ROC Finance LLC/ ROC Finance 1 Corp. 12.13%, 9/1/2018 (a) | 4,500,000 | 4,623,750 | ||||||
Royal Bank of Scotland Group PLC 5.05%, 1/8/2015 | 5,402,000 | 5,561,910 | ||||||
SLM Corp.: | ||||||||
3.88%, 9/10/2015 | 3,975,000 | 4,109,156 | ||||||
4.63%, 9/25/2017 | 2,750,000 | 2,854,561 | ||||||
5.05%, 11/14/2014 (b) | 1,100,000 | 1,135,750 | ||||||
5.38%, 5/15/2014 | 1,434,000 | 1,459,095 | ||||||
Springleaf Finance Corp.: | ||||||||
5.40%, 12/1/2015 | 7,450,000 | 7,748,000 | ||||||
5.75%, 9/15/2016 (b) | 5,500,000 | 5,830,000 | ||||||
6.90%, 12/15/2017 | 22,190,000 | 24,253,670 | ||||||
TMX Finance LLC/TitleMax Finance Corp. 8.50%, 9/15/2018 (a) | 6,880,000 | 7,327,200 | ||||||
TransUnion Holding Co., Inc.: | ||||||||
8.13%, 6/15/2018 | 6,223,000 | 6,565,265 | ||||||
9.63%, 6/15/2018 | 10,110,000 | 10,868,250 | ||||||
TransUnion LLC/TransUnion Financing Corp. 11.38%, 6/15/2018 | 6,550,000 | 7,139,500 | ||||||
380,242,593 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 5.9% | ||||||||
Alcatel-Lucent USA, Inc. 4.63%, 7/1/2017 (a) | 2,400,000 | 2,403,000 | ||||||
Brightstar Corp. 9.50%, 12/1/2016 (a) | 2,400,000 | 2,640,000 | ||||||
CenturyLink, Inc.: | ||||||||
5.00%, 2/15/2015 | 1,954,000 | 2,027,275 | ||||||
5.15%, 6/15/2017 | 3,250,000 | 3,485,625 | ||||||
6.00%, 4/1/2017 | 6,000,000 | 6,615,000 | ||||||
Cincinnati Bell, Inc. 8.75%, 3/15/2018 | 9,915,000 | 10,410,750 | ||||||
Frontier Communications Corp.: | ||||||||
8.13%, 10/1/2018 | 6,920,000 | 7,906,100 | ||||||
8.25%, 4/15/2017 | 9,905,000 | 11,489,800 | ||||||
Inmarsat Finance PLC 7.38%, 12/1/2017 (a) | 7,639,000 | 7,944,560 | ||||||
Intelsat Luxembourg SA 6.75%, 6/1/2018 (a) | 9,000,000 | 9,562,500 | ||||||
PAETEC Holding Corp. 9.88%, 12/1/2018 | 6,500,000 | 7,263,750 | ||||||
Sable International Finance, Ltd. 7.75%, 2/15/2017 (a) | 5,100,000 | 5,323,125 | ||||||
Sorenson Communications, Inc. 10.50%, 2/1/2015 (a) | 6,700,000 | 4,991,500 | ||||||
Sprint Nextel Corp. 9.13%, 3/1/2017 | 11,398,000 | 13,392,650 | ||||||
T-Mobile USA, Inc. 5.25%, 9/1/2018 (a) | 6,134,000 | 6,456,035 | ||||||
Telesat Canada/Telesat LLC 6.00%, 5/15/2017 (a)(b) | 12,033,000 | 12,514,320 |
See accompanying notes to financial statements.
254
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Trilogy International Partners LLC/Trilogy International Finance, Inc. 10.25%, 8/15/2016 (a)(b) | $ | 2,250,000 | $ | 2,250,000 | ||||
West Corp. 8.63%, 10/1/2018 | 3,700,000 | 4,023,750 | ||||||
Wind Acquisition Finance SA: | ||||||||
7.25%, 2/15/2018 (a) | 13,150,000 | 13,840,375 | ||||||
7.25%, 2/15/2018 (a) | 4,700,000 | 4,923,250 | ||||||
11.75%, 7/15/2017 (a) | 14,850,000 | 15,796,687 | ||||||
Windstream Corp.: | ||||||||
7.88%, 11/1/2017 | 12,005,000 | 13,715,713 | ||||||
8.13%, 9/1/2018 | 9,170,000 | 9,857,750 | ||||||
178,833,515 | ||||||||
ELECTRIC UTILITIES — 3.5% | ||||||||
DPL, Inc. 6.50%, 10/15/2016 | 7,750,000 | 8,389,375 | ||||||
EDP Finance BV 6.00%, 2/2/2018 (a) | 8,410,000 | 9,017,622 | ||||||
Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc. 11.25%, 12/1/2018 (a) | 5,000,000 | 3,475,000 | ||||||
Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc. 6.88%, 8/15/2017 (a) | 7,500,000 | 7,762,500 | ||||||
FirstEnergy Corp. 2.75%, 3/15/2018 | 6,150,000 | 6,042,805 | ||||||
GenOn Energy, Inc. 9.50%, 10/15/2018 | 9,300,000 | 10,532,250 | ||||||
Ipalco Enterprises, Inc.: | ||||||||
5.00%, 5/1/2018 | 3,850,000 | 4,032,875 | ||||||
7.25%, 4/1/2016 (a) | 5,285,000 | 5,800,288 | ||||||
NRG Energy, Inc. 7.63%, 1/15/2018 | 14,630,000 | 16,678,200 | ||||||
RRI Energy, Inc. 7.88%, 6/15/2017 | 10,825,000 | 11,907,500 | ||||||
Texas Competitive Electric Holdings Co. LLC 10.25%, 11/1/2015 | 15,000,000 | 937,500 | ||||||
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc. 10.25%, 11/1/2015 | 11,350,000 | 709,375 | ||||||
The AES Corp.: | ||||||||
7.75%, 10/15/2015 | 3,398,000 | 3,754,790 | ||||||
8.00%, 10/15/2017 | 11,812,000 | 13,879,100 | ||||||
9.75%, 4/15/2016 | 3,650,000 | 4,297,875 | ||||||
107,217,055 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.2% | ||||||||
Atkore International, Inc. 9.88%, 1/1/2018 (b) | 7,014,000 | 7,540,050 | ||||||
Kemet Corp. 10.50%, 5/1/2018 | 4,000,000 | 3,950,000 | ||||||
NXP BV/NXP Funding LLC: | ||||||||
3.50%, 9/15/2016 (a) | 6,750,000 | 6,918,750 | ||||||
3.75%, 6/1/2018 (a) | 9,838,000 | 9,911,785 | ||||||
WireCo WorldGroup, Inc. 9.50%, 5/15/2017 | 8,450,000 | 8,756,312 | ||||||
37,076,897 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.2% | ||||||||
Pioneer Energy Services Corp. 9.88%, 3/15/2018 (b) | 7,010,000 | 7,430,600 | ||||||
ENGINEERING & CONSTRUCTION — 0.6% | ||||||||
Abengoa Finance SAU 8.88%, 11/1/2017 (a) | 4,040,000 | 4,343,000 | ||||||
Aguila 3 SA 7.88%, 1/31/2018 (a) | 12,776,000 | 13,542,560 | ||||||
17,885,560 | ||||||||
FOOD PRODUCTS — 1.4% | ||||||||
BI-LO LLC/BI-LO Finance Corp. 8.63%, 9/15/2018 (a) | 5,900,000 | 6,165,500 | ||||||
Bumble Bee Holdings, Inc. 9.00%, 12/15/2017 (a) | 9,000,000 | 9,855,000 | ||||||
Dean Foods Co. 7.00%, 6/1/2016 | 4,309,000 | 4,761,445 | ||||||
Michael Foods Group, Inc. 9.75%, 7/15/2018 | 6,175,000 | 6,715,312 | ||||||
Smithfield Foods, Inc. 7.75%, 7/1/2017 | 7,035,000 | 8,248,537 | ||||||
Sun Merger Sub, Inc. 5.25%, 8/1/2018 (a) | 3,553,000 | 3,721,768 | ||||||
TreeHouse Foods, Inc. 7.75%, 3/1/2018 | 2,750,000 | 2,880,625 | ||||||
42,348,187 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.5% | ||||||||
Accellent, Inc. 8.38%, 2/1/2017 | 2,735,000 | 2,861,494 | ||||||
Alere, Inc.: | ||||||||
7.25%, 7/1/2018 | 5,600,000 | 6,153,000 | ||||||
8.63%, 10/1/2018 | 5,885,000 | 6,355,800 | ||||||
DJO Finance LLC/DJO Finance Corp. 9.88%, 4/15/2018 | 8,745,000 | 9,400,875 | ||||||
Fresenius US Finance II, Inc. 9.00%, 7/15/2015 (a)(b) | 3,675,000 | 4,060,875 | ||||||
Kinetic Concepts, Inc./KCI USA, Inc. 10.50%, 11/1/2018 | 15,000,000 | 17,250,000 | ||||||
46,082,044 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.8% | ||||||||
Capella Healthcare, Inc. 9.25%, 7/1/2017 | 4,451,000 | 4,740,315 | ||||||
Centene Corp. 5.75%, 6/1/2017 | 7,352,000 | 7,811,500 | ||||||
CHS/Community Health Systems, Inc. 5.13%, 8/15/2018 | 19,213,000 | 19,837,422 | ||||||
Fresenius Medical Care US Finance, Inc.: | ||||||||
6.50%, 9/15/2018 (a) | 500,000 | 565,000 | ||||||
6.88%, 7/15/2017 (b) | 4,180,000 | 4,744,300 | ||||||
HCA, Inc.: | ||||||||
5.75%, 3/15/2014 | 6,050,000 | 6,104,450 | ||||||
6.38%, 1/15/2015 | 7,200,000 | 7,560,000 |
See accompanying notes to financial statements.
255
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
6.50%, 2/15/2016 | $ | 9,275,000 | $ | 10,144,531 | ||||
8.00%, 10/1/2018 | 1,700,000 | 2,008,125 | ||||||
Health Management Associates, Inc. 6.13%, 4/15/2016 | 4,369,000 | 4,838,668 | ||||||
Health Net, Inc. 6.38%, 6/1/2017 | 4,925,000 | 5,306,687 | ||||||
MedImpact Holdings, Inc. 10.50%, 2/1/2018 (a) | 7,000,000 | 7,682,500 | ||||||
Multiplan, Inc. 9.88%, 9/1/2018 (a)(b) | 9,386,000 | 10,324,600 | ||||||
Radiation Therapy Services, Inc.: | ||||||||
8.88%, 1/15/2017 | 3,150,000 | 3,181,500 | ||||||
9.88%, 4/15/2017 | 3,100,000 | 2,712,500 | ||||||
Tenet Healthcare Corp.: | ||||||||
6.25%, 11/1/2018 | 10,750,000 | 11,905,625 | ||||||
9.25%, 2/1/2015 | 3,499,000 | 3,770,173 | ||||||
Universal Health Services, Inc. 7.13%, 6/30/2016 | 3,240,000 | 3,649,050 | ||||||
116,886,946 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 3.5% | ||||||||
Boyd Acquisition Sub LLC/Boyd Acquisition Finance Corp. 8.38%, 2/15/2018 (a)(b) | 3,401,000 | 3,707,090 | ||||||
Boyd Gaming Corp. 9.13%, 12/1/2018 | 750,000 | 815,625 | ||||||
Burger King Corp. 9.88%, 10/15/2018 | 2,000,000 | 2,220,000 | ||||||
Caesars Entertainment Operating Co., Inc.: | ||||||||
5.63%, 6/1/2015 | 4,050,000 | 3,999,375 | ||||||
6.50%, 6/1/2016 | 3,000,000 | 2,280,000 | ||||||
10.00%, 12/15/2018 | 5,000,000 | 2,575,000 | ||||||
10.00%, 12/15/2018 | 11,000,000 | 5,280,000 | ||||||
10.75%, 2/1/2016 | 3,774,000 | 3,038,070 | ||||||
11.25%, 6/1/2017 | 17,475,000 | 17,780,812 | ||||||
12.75%, 4/15/2018 | 5,500,000 | 3,107,500 | ||||||
Diamond Resorts Corp. 12.00%, 8/15/2018 | 2,020,000 | 2,232,100 | ||||||
GLP Capital LP/GLP Financing II, Inc. 4.38%, 11/1/2018 (a) | 5,515,000 | 5,639,088 | ||||||
Marina District Finance Co., Inc. 9.88%, 8/15/2018 | 3,550,000 | 3,842,875 | ||||||
MGM Mirage, Inc.: | ||||||||
6.63%, 7/15/2015 | 9,068,000 | 9,725,430 | ||||||
7.63%, 1/15/2017 | 8,023,000 | 9,126,162 | ||||||
MGM Resorts International: | ||||||||
5.88%, 2/27/2014 | 3,300,000 | 3,316,500 | ||||||
7.50%, 6/1/2016 | 7,650,000 | 8,568,000 | ||||||
10.00%, 11/1/2016 | 4,650,000 | 5,580,000 | ||||||
11.38%, 3/1/2018 | 6,000,000 | 7,620,000 | ||||||
Royal Caribbean Cruises, Ltd. 7.25%, 6/15/2016 | 4,378,000 | 4,914,305 | ||||||
105,367,932 | ||||||||
HOUSEHOLD DURABLES — 1.9% | ||||||||
Centex Corp. 6.50%, 5/1/2016 | 3,100,000 | 3,421,625 | ||||||
DR Horton, Inc.: | ||||||||
3.63%, 2/15/2018 | 2,850,000 | 2,892,750 | ||||||
4.75%, 5/15/2017 | 3,526,000 | 3,728,745 | ||||||
6.50%, 4/15/2016 | 2,732,000 | 2,984,710 | ||||||
Jarden Corp. 7.50%, 5/1/2017 | 7,960,000 | 9,213,700 | ||||||
Lennar Corp.: | ||||||||
4.75%, 12/15/2017 | 4,025,000 | 4,216,188 | ||||||
Series B 5.60%, 5/31/2015 | 4,556,000 | 4,783,800 | ||||||
12.25%, 6/1/2017 | 3,825,000 | 4,919,906 | ||||||
RSI Home Products, Inc. 6.88%, 3/1/2018 (a)(b) | 7,135,000 | 7,473,912 | ||||||
Standard Pacific Corp. 8.38%, 5/15/2018 | 7,314,000 | 8,593,950 | ||||||
Toll Brothers Finance Corp. 8.91%, 10/15/2017 | 3,575,000 | 4,316,813 | ||||||
56,546,099 | ||||||||
HOUSEHOLD PRODUCTS — 0.4% | ||||||||
American Achievement Corp. 10.88%, 4/15/2016 (a) | 4,250,000 | 4,473,125 | ||||||
Central Garden and Pet Co. 8.25%, 3/1/2018 | 6,349,000 | 6,174,403 | ||||||
10,647,528 | ||||||||
INDUSTRIAL CONGLOMERATES — 0.3% | ||||||||
Polypore International, Inc. 7.50%, 11/15/2017 | 5,828,000 | 6,163,110 | ||||||
SPX Corp. 7.63%, 12/15/2014 | 3,380,000 | 3,557,450 | ||||||
9,720,560 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.2% | ||||||||
IAC/InterActiveCorp 4.88%, 11/30/2018 (a) | 5,500,000 | 5,623,750 | ||||||
Pacnet, Ltd. 9.00%, 12/12/2018 (a) | 1,800,000 | 1,833,750 | ||||||
7,457,500 | ||||||||
IT SERVICES — 0.6% | ||||||||
Alliance Data Systems Corp. 5.25%, 12/1/2017 (a) | 3,625,000 | 3,760,938 | ||||||
First Data Corp. 11.25%, 3/31/2016 | 7,001,000 | 7,018,502 | ||||||
GXS Worldwide, Inc. 9.75%, 6/15/2015 | 8,334,000 | 8,604,855 | ||||||
19,384,295 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 0.8% | ||||||||
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp. 9.13%, 8/1/2018 | 7,885,000 | 8,555,225 | ||||||
Easton-Bell Sports, Inc. 9.75%, 12/1/2016 | 8,610,000 | 9,019,061 | ||||||
Sabre Holdings Corp. 8.35%, 3/15/2016 (b) | 5,879,000 | 6,555,085 | ||||||
24,129,371 | ||||||||
MACHINERY — 1.7% | ||||||||
Amsted Industries, Inc. 8.13%, 3/15/2018 (a) | 5,050,000 | 5,321,438 |
See accompanying notes to financial statements.
256
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Cascades, Inc. 7.75%, 12/15/2017 | $ | 7,643,000 | $ | 7,967,827 | ||||
Case New Holland, Inc. 7.88%, 12/1/2017 | 15,750,000 | 18,585,000 | ||||||
SPX Corp. 6.88%, 9/1/2017 | 6,970,000 | 7,876,100 | ||||||
The Manitowoc Co., Inc. 9.50%, 2/15/2018 | 5,765,000 | 6,074,869 | ||||||
Victor Technologies Group, Inc. 9.00%, 12/15/2017 | 4,281,000 | 4,580,670 | ||||||
50,405,904 | ||||||||
MEDIA — 5.4% | ||||||||
Affinion Group, Inc. 7.88%, 12/15/2018 | 1,000,000 | 900,000 | ||||||
Allbritton Communications Co. 8.00%, 5/15/2018 | 4,595,000 | 4,859,213 | ||||||
American Media, Inc. 11.50%, 12/15/2017 | 3,300,000 | 3,588,750 | ||||||
Cablevision Systems Corp.: | ||||||||
7.75%, 4/15/2018 | 12,105,000 | 13,512,206 | ||||||
8.63%, 9/15/2017 | 9,350,000 | 10,892,750 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp. 7.25%, 10/30/2017 | 10,400,000 | 11,011,000 | ||||||
Clear Channel Communications, Inc.: | ||||||||
5.50%, 9/15/2014 | 4,950,000 | 4,925,250 | ||||||
14.00%, 2/1/2021 (a) | 1,650,000 | 1,497,375 | ||||||
CSC Holdings LLC 7.63%, 7/15/2018 | 5,700,000 | 6,519,375 | ||||||
DISH DBS Corp.: | ||||||||
4.25%, 4/1/2018 | 10,416,000 | 10,624,320 | ||||||
4.63%, 7/15/2017 | 7,200,000 | 7,542,000 | ||||||
6.63%, 10/1/2014 | 8,775,000 | 9,126,000 | ||||||
7.13%, 2/1/2016 | 12,125,000 | 13,428,438 | ||||||
7.75%, 5/31/2015 | 5,325,000 | 5,777,625 | ||||||
inVentiv Health, Inc.: | ||||||||
9.00%, 1/15/2018 (a) | 8,400,000 | 8,736,000 | ||||||
11.00%, 8/15/2018 (a) | 2,500,000 | 2,212,500 | ||||||
11.00%, 8/15/2018 (a) | 2,500,000 | 2,206,250 | ||||||
Lamar Media Corp. 7.88%, 4/15/2018 | 4,741,000 | 5,007,681 | ||||||
Nielsen Finance LLC/Nielsen Finance Co. 7.75%, 10/15/2018 | 5,000,000 | 5,400,000 | ||||||
Palace Entertainment Holdings LLC/Palace Entertainment Holdings Corp. 8.88%, 4/15/2017 (a) | 6,525,000 | 6,525,000 | ||||||
Quebecor Media, Inc. 7.75%, 3/15/2016 | 6,552,000 | 6,633,900 | ||||||
Virgin Media Secured Finance PLC 6.50%, 1/15/2018 | 15,250,000 | 15,802,812 | ||||||
Visant Corp. 10.00%, 10/1/2017 | 7,200,000 | 6,984,000 | ||||||
WMG Acquisition Corp. 11.50%, 10/1/2018 | 531,000 | 610,650 | ||||||
164,323,095 | ||||||||
METALS & MINING — 6.6% | ||||||||
AK Steel Corp. 8.75%, 12/1/2018 | 1,155,000 | 1,290,713 | ||||||
Aleris International, Inc. 7.63%, 2/15/2018 | 5,783,000 | 6,115,522 | ||||||
ArcelorMittal: | ||||||||
4.25%, 2/25/2015 | 4,862,000 | 4,995,705 | ||||||
4.25%, 8/5/2015 | 9,550,000 | 9,884,250 | ||||||
4.25%, 3/1/2016 | 5,585,000 | 5,829,344 | ||||||
5.00%, 2/25/2017 (b) | 16,731,000 | 17,943,997 | ||||||
6.13%, 6/1/2018 | 16,416,000 | 18,016,560 | ||||||
9.50%, 2/15/2015 | 6,350,000 | 6,897,687 | ||||||
Barminco Finance Pty, Ltd. 9.00%, 6/1/2018 (a) | 4,400,000 | 4,048,000 | ||||||
Commercial Metals Co.: | ||||||||
6.50%, 7/15/2017 | 3,107,000 | 3,441,003 | ||||||
7.35%, 8/15/2018 | 2,924,000 | 3,333,360 | ||||||
Consolidated Minerals, Ltd. 8.88%, 5/1/2016 (a)(b) | 3,850,000 | 4,023,250 | ||||||
Essar Steel Algoma, Inc.: | ||||||||
9.38%, 3/15/2015 (a) | 2,800,000 | 2,646,000 | ||||||
9.88%, 6/15/2015 (a) | 3,100,000 | 1,891,000 | ||||||
Ferrexpo Finance PLC 7.88%, 4/7/2016 (a) | 3,800,000 | 3,686,000 | ||||||
FMG Resources August 2006 Pty, Ltd.: | ||||||||
6.00%, 4/1/2017 (a) | 9,865,000 | 10,481,562 | ||||||
6.38%, 2/1/2016 (a) | 5,950,000 | 6,158,250 | ||||||
6.88%, 2/1/2018 (a) | 9,150,000 | 9,630,375 | ||||||
7.00%, 11/1/2015 (a) | 10,632,000 | 11,030,700 | ||||||
JMC Steel Group 8.25%, 3/15/2018 (a) | 6,850,000 | 6,918,500 | ||||||
Mueller Water Products, Inc. 7.38%, 6/1/2017 | 3,385,000 | 3,469,625 | ||||||
Novelis, Inc. 8.38%, 12/15/2017 | 12,322,000 | 13,153,735 | ||||||
Ryerson, Inc./Joseph T Ryerson & Son, Inc. 9.00%, 10/15/2017 (b) | 10,100,000 | 10,706,000 | ||||||
Schaeffler Finance BV 7.75%, 2/15/2017 (a) | 5,600,000 | 6,356,000 | ||||||
Severstal Columbus LLC 10.25%, 2/15/2018 | 4,650,000 | 4,929,000 | ||||||
Thompson Creek Metals Co., Inc. 9.75%, 12/1/2017 | 4,625,000 | 5,087,500 | ||||||
United States Steel Corp.: | ||||||||
6.05%, 6/1/2017 | 6,047,000 | 6,530,760 | ||||||
7.00%, 2/1/2018 | 7,900,000 | 8,591,250 | ||||||
Wise Metals Group LLC/Wise Alloys Finance Corp. 8.75%, 12/15/2018 (a) | 3,185,000 | 3,352,213 | ||||||
200,437,861 | ||||||||
MULTILINE RETAIL — 0.6% | ||||||||
Sears Holdings Corp. 6.63%, 10/15/2018 | 8,000,000 | 7,240,000 | ||||||
SUPERVALU, Inc. 8.00%, 5/1/2016 | 8,675,000 | 9,596,719 | ||||||
16,836,719 | ||||||||
See accompanying notes to financial statements.
257
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
OIL, GAS & CONSUMABLE FUELS — 9.6% | ||||||||
Alpha Natural Resources, Inc. 9.75%, 4/15/2018 | $ | 3,650,000 | $ | 3,869,000 | ||||
Alta Mesa Holdings LP/Alta Mesa Finance Services Corp. 9.63%, 10/15/2018 | 40,000 | 42,800 | ||||||
Arch Coal, Inc. 8.00%, 1/15/2019 (a)(b) | 2,572,000 | 2,565,570 | ||||||
Aurora USA Oil & Gas, Inc. 9.88%, 2/15/2017 (a) | 4,050,000 | 4,343,625 | ||||||
Chesapeake Energy Corp.: | ||||||||
3.25%, 3/15/2016 | 4,900,000 | 4,949,000 | ||||||
6.50%, 8/15/2017 | 8,725,000 | 9,837,437 | ||||||
9.50%, 2/15/2015 | 8,775,000 | 9,509,906 | ||||||
Cie Generale de Geophysique — Veritas 7.75%, 5/15/2017 | 3,250,000 | 3,347,500 | ||||||
CITIC Resources Finance 2007, Ltd. 6.75%, 5/15/2014 (a) | 3,500,000 | 3,543,750 | ||||||
Consol Energy, Inc. 8.00%, 4/1/2017 | 20,270,000 | 21,359,512 | ||||||
Crosstex Energy LP/Crosstex Energy Finance Corp. 8.88%, 2/15/2018 | 7,153,000 | 7,519,591 | ||||||
Drill Rigs Holdings, Inc. 6.50%, 10/1/2017 (a) | 11,788,000 | 12,731,040 | ||||||
El Paso Corp.: | ||||||||
7.00%, 6/15/2017 | 9,831,000 | 11,115,292 | ||||||
7.25%, 6/1/2018 | 6,550,000 | 7,477,742 | ||||||
Endeavour International Corp. 12.00%, 3/1/2018 | 4,073,000 | 4,185,008 | ||||||
Energy XXI Gulf Coast, Inc. 9.25%, 12/15/2017 (b) | 7,850,000 | 8,733,125 | ||||||
EPL Oil & Gas, Inc. 8.25%, 2/15/2018 (b) | 5,440,000 | 5,848,000 | ||||||
EXCO Resources, Inc. 7.50%, 9/15/2018 | 7,850,000 | 7,457,500 | ||||||
Expro Finance Luxembourg SCA 8.50%, 12/15/2016 (a) | 10,493,000 | 10,938,952 | ||||||
Harvest Operations Corp. 6.88%, 10/1/2017 | 6,295,000 | 6,893,025 | ||||||
Kinder Morgan Finance Co. LLC 6.00%, 1/15/2018 (a) | 7,850,000 | 8,601,897 | ||||||
Kinder Morgan Finance Co. ULC 5.70%, 1/5/2016 | 8,475,000 | 9,103,269 | ||||||
Maritimes & Northeast Pipeline LLC 7.50%, 5/31/2014 (a) | 2,797,520 | 2,858,366 | ||||||
Newfield Exploration Co. 7.13%, 5/15/2018 | 6,750,000 | 7,009,875 | ||||||
NGPL PipeCo LLC 7.12%, 12/15/2017 (a) | 12,000,000 | 10,860,000 | ||||||
NuStar Logistics LP 8.15%, 4/15/2018 (b) | 2,597,000 | 2,941,103 | ||||||
Pacific Drilling V, Ltd. 7.25%, 12/1/2017 (a) | 7,550,000 | 8,154,000 | ||||||
Parker Drilling Co. 9.13%, 4/1/2018 | 8,744,000 | 9,268,640 | ||||||
Peabody Energy Corp.: | ||||||||
6.00%, 11/15/2018 | 5,000,000 | 5,325,000 | ||||||
7.38%, 11/1/2016 | 6,750,000 | 7,593,750 | ||||||
Quicksilver Resources, Inc. 7.13%, 4/1/2016 | 4,000,000 | 3,910,000 | ||||||
Rockies Express Pipeline LLC: | ||||||||
3.90%, 4/15/2015 (a)(b) | 4,495,000 | 4,495,000 | ||||||
6.85%, 7/15/2018 (a)(b) | 5,050,000 | 4,911,125 | ||||||
Sabine Oil & Gas LLC/Sabine Oil & Gas Finance Corp. 9.75%, 2/15/2017 (b) | 4,100,000 | 4,264,000 | ||||||
Sabine Pass LNG LP 7.50%, 11/30/2016 | 18,340,000 | 20,724,200 | ||||||
Seadrill, Ltd. 5.63%, 9/15/2017 (a)(b) | 13,580,000 | 14,055,300 | ||||||
Tesoro Corp. 4.25%, 10/1/2017 | 7,275,000 | 7,584,187 | ||||||
Ultra Petroleum Corp. 5.75%, 12/15/2018 (a) | 2,743,000 | 2,818,433 | ||||||
Whiting Petroleum Corp. 6.50%, 10/1/2018 | 450,000 | 478,125 | ||||||
WPX Energy, Inc. 5.25%, 1/15/2017 | 6,675,000 | 7,125,563 | ||||||
Yingde Gases Investment, Ltd. 8.13%, 4/22/2018 (a) | 4,750,000 | 4,940,000 | ||||||
293,289,208 | ||||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||||
Clearwater Paper Corp. 7.13%, 11/1/2018 | 500,000 | 533,750 | ||||||
Sappi Papier Holding GmbH 7.75%, 7/15/2017 (a) | 3,800,000 | 4,161,000 | ||||||
4,694,750 | ||||||||
PHARMACEUTICALS — 1.7% | ||||||||
Grifols, Inc. 8.25%, 2/1/2018 | 10,450,000 | 11,142,312 | ||||||
Hospira, Inc. 6.05%, 3/30/2017 | 4,503,000 | 4,968,565 | ||||||
NBTY, Inc. 9.00%, 10/1/2018 | 4,339,000 | 4,756,629 | ||||||
Valeant Pharmaceuticals International: | ||||||||
6.50%, 7/15/2016 (a)(b) | 7,365,000 | 7,604,363 | ||||||
6.75%, 10/1/2017 (a) | 5,650,000 | 6,017,250 | ||||||
VPII Escrow Corp. 6.75%, 8/15/2018 (a) | 15,272,000 | 16,780,110 | ||||||
51,269,229 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.4% | ||||||||
Atlantic Finance, Ltd. 10.75%, 5/27/2014 (a) | 1,050,000 | 1,086,329 | ||||||
Crescent Resources LLC/Crescent Ventures, Inc. 10.25%, 8/15/2017 (a) | 3,736,000 | 4,062,900 | ||||||
The Realogy Group LLC/Sunshine Group Florida Ltd. 3.38%, 5/1/2016 (a) | 6,191,000 | 6,237,432 | ||||||
11,386,661 | ||||||||
REGIONAL BANKS — 0.3% | ||||||||
Regions Bank 7.50%, 5/15/2018 | 8,280,000 | 9,797,608 | ||||||
See accompanying notes to financial statements.
258
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
RETAIL — 0.3% | ||||||||
Tops Holding Corp./Tops Markets LLC 8.88%, 12/15/2017 (a) | $ | 9,100,000 | $ | 9,998,625 | ||||
SEMICONDUCTORS — 0.2% | ||||||||
STATS ChipPAC, Ltd. 4.50%, 3/20/2018 (a) | 6,600,000 | 6,583,500 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.2% | ||||||||
Advanced Micro Devices, Inc. 8.13%, 12/15/2017 | 4,897,000 | 5,111,244 | ||||||
SOFTWARE — 0.7% | ||||||||
Healthcare Technology Intermediate, Inc. 7.38%, 9/1/2018 (a) | 11,550,000 | 12,012,000 | ||||||
IMS Health, Inc. 12.50%, 3/1/2018 (a) | 7,490,000 | 8,856,925 | ||||||
20,868,925 | ||||||||
SPECIALTY RETAIL — 2.9% | ||||||||
AutoNation, Inc. 6.75%, 4/15/2018 | 4,065,000 | 4,705,237 | ||||||
Best Buy Co., Inc.: | ||||||||
3.75%, 3/15/2016 | 3,429,000 | 3,557,588 | ||||||
5.00%, 8/1/2018 | 10,973,000 | 11,494,217 | ||||||
DineEquity, Inc. 9.50%, 10/30/2018 | 3,100,000 | 3,441,000 | ||||||
Limited Brands, Inc. 6.90%, 7/15/2017 | 6,925,000 | 7,963,750 | ||||||
Logan’s Roadhouse, Inc. 10.75%, 10/15/2017 | 3,950,000 | 2,932,875 | ||||||
Michaels FinCo Holdings LLC/Michaels FinCo, Inc. 7.50%, 8/1/2018 (a) | 6,750,000 | 7,020,000 | ||||||
Michaels Stores, Inc. 7.75%, 11/1/2018 (b) | 11,600,000 | 12,586,000 | ||||||
New Academy Finance Co. LLC/New Academy Finance Corp. PIK 8.00%, 6/15/2018 (a) | 4,000,000 | 4,100,040 | ||||||
Petco Animal Supplies, Inc. 9.25%, 12/1/2018 (a) | 2,545,000 | 2,729,513 | ||||||
Petco Holdings, Inc. PIK 8.50%, 10/15/2017 (a) | 5,905,000 | 6,023,100 | ||||||
Suburban Propane Partners LP/Suburban Energy Finance Corp. 7.50%, 10/1/2018 | 3,630,000 | 3,893,175 | ||||||
Toys R Us - Delaware, Inc. 7.38%, 9/1/2016 (a) | 5,400,000 | 4,941,000 | ||||||
Toys R Us Property Co. II LLC 8.50%, 12/1/2017 | 9,411,000 | 9,693,330 | ||||||
Toys R Us, Inc. 10.38%, 8/15/2017 | 5,050,000 | 4,330,375 | ||||||
89,411,200 | ||||||||
STORAGE/WAREHOUSING — 0.3% | ||||||||
Algeco Scotsman Global Finance PLC 8.50%, 10/15/2018 (a) | 8,400,000 | 9,093,000 | ||||||
THRIFTS & MORTGAGE FINANCE — 0.1% | ||||||||
Globe Luxembourg SCA 9.63%, 5/1/2018 (a) | 3,905,000 | 4,045,971 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.4% | ||||||||
United Rentals North America, Inc. 5.75%, 7/15/2018 | 11,766,000 | 12,574,913 | ||||||
TRANSPORTATION INFRASTRUCTURE — 0.7% | ||||||||
Air Medical Group Holdings, Inc. 9.25%, 11/1/2018 | 2,000,000 | 2,160,000 | ||||||
AWAS Aviation Capital, Ltd. 7.00%, 10/17/2016 (a) | 4,343,200 | 4,495,212 | ||||||
BW Group, Ltd. 6.63%, 6/28/2017 (a) | 4,000,000 | 4,144,800 | ||||||
CMA CGM SA 8.50%, 4/15/2017 (a) | 4,600,000 | 4,485,000 | ||||||
Florida East Coast Railway Corp. 8.13%, 2/1/2017 | 4,315,000 | 4,503,781 | ||||||
Swift Services Holdings, Inc. 10.00%, 11/15/2018 | 1,950,000 | 2,169,375 | ||||||
21,958,168 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 2.6% | ||||||||
eAccess, Ltd. 8.25%, 4/1/2018 (a) | 3,000,000 | 3,277,500 | ||||||
MetroPCS Wireless, Inc. 7.88%, 9/1/2018 | 11,425,000 | 12,267,594 | ||||||
Sprint Nextel Corp.: | ||||||||
6.00%, 12/1/2016 | 18,350,000 | 20,024,437 | ||||||
8.38%, 8/15/2017 | 11,580,000 | 13,403,850 | ||||||
9.00%, 11/15/2018 (a) | 3,855,000 | 4,645,275 | ||||||
Telecom Italia Capital SA: | ||||||||
5.25%, 10/1/2015 | 7,000,000 | 7,358,750 | ||||||
7.00%, 6/4/2018 | 10,000,000 | 11,075,000 | ||||||
UPC Holding BV 9.88%, 4/15/2018 (a) | 7,042,000 | 7,552,545 | ||||||
79,604,951 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $2,911,448,002) | 2,938,526,339 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENT — 2.4% | ||||||||
MONEY MARKET FUND — 2.4% | ||||||||
State Street Institutional Liquid Reserves Fund 0.06% (d)(e)(f) (Cost $73,675,985) | 73,675,985 | 73,675,985 | ||||||
TOTAL INVESTMENTS — 98.8% (g) | ||||||||
(Cost $2,985,123,987) | 3,012,202,324 | |||||||
OTHER ASSETS & LIABILITIES — 1.2% | 36,260,568 | |||||||
NET ASSETS — 100.0% | $ | 3,048,462,892 | ||||||
See accompanying notes to financial statements.
259
SPDR Barclays Short Term High Yield Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 29.3% of net assets as of December 31, 2013, 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.
260
SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 97.6% | ||||||||
AEROSPACE & DEFENSE — 0.5% | ||||||||
Honeywell International, Inc. 0.29%, 11/17/2015 (a) | $ | 1,000,000 | $ | 999,979 | ||||
Rockwell Collins, Inc. 0.59%, 12/15/2016 (a) | 350,000 | 349,996 | ||||||
United Technologies Corp. 0.74%, 6/1/2015 (a) | 538,000 | 541,374 | ||||||
1,891,349 | ||||||||
AUTO COMPONENTS — 0.1% | ||||||||
Johnson Controls, Inc. 0.65%, 2/4/2014 (a) | 450,000 | 450,191 | ||||||
AUTOMOBILES — 2.2% | ||||||||
Daimler Finance North America LLC: | ||||||||
0.84%, 1/9/2015 (a)(b) | 1,050,000 | 1,053,515 | ||||||
0.86%, 3/28/2014 (a)(b) | 670,000 | 670,927 | ||||||
0.92%, 8/1/2016 (a)(b) | 600,000 | 601,234 | ||||||
1.02%, 4/10/2014 (a)(b) | 650,000 | 651,164 | ||||||
Nissan Motor Acceptance 0.95%, 9/26/2016 (a)(b) | 600,000 | 603,192 | ||||||
Volkswagen International Finance NV: | ||||||||
0.57%, 11/18/2015 (a)(b) | 500,000 | 500,369 | ||||||
0.68%, 11/18/2016 (a)(b) | 1,000,000 | 1,002,270 | ||||||
0.84%, 11/20/2014 (a)(b) | 400,000 | 401,596 | ||||||
0.86%, 4/1/2014 (a)(b) | 1,621,000 | 1,622,556 | ||||||
1.00%, 3/21/2014 (a)(b) | 750,000 | 750,983 | ||||||
7,857,806 | ||||||||
BEVERAGES — 1.9% | ||||||||
Anheuser-Busch InBev Worldwide, Inc. 0.79%, 1/27/2014 (a) | 1,400,000 | 1,400,522 | ||||||
PepsiCo, Inc.: | ||||||||
0.44%, 7/30/2015 (a) | 600,000 | 600,953 | ||||||
0.45%, 2/26/2016 (a) | 1,542,000 | 1,543,019 | ||||||
SABMiller Holdings, Inc. 0.93%, 8/1/2018 (a)(b) | 400,000 | 401,981 | ||||||
The Coca-Cola Co.: | ||||||||
0.19%, 3/14/2014 (a) | 1,550,000 | 1,550,085 | ||||||
0.22%, 3/5/2015 (a) | 800,000 | 799,579 | ||||||
0.34%, 11/1/2016 (a) | 600,000 | 600,504 | ||||||
6,896,643 | ||||||||
CAPITAL MARKETS — 7.2% | ||||||||
Morgan Stanley: | ||||||||
0.70%, 10/18/2016 (a) | 2,000,000 | 1,983,528 | ||||||
0.72%, 10/15/2015 (a) | 2,600,000 | 2,594,511 | ||||||
1.49%, 2/25/2016 (a) | 1,300,000 | 1,316,908 | ||||||
1.52%, 4/25/2018 (a)(c) | 800,000 | 811,430 | ||||||
Svensk Exportkredit AB: | ||||||||
0.54%, 1/23/2017 (a) | 550,000 | 551,518 | ||||||
0.99%, 8/14/2014 (a) | 1,292,000 | 1,298,640 | ||||||
The Bear Stearns Cos LLC 0.63%, 11/21/2016 (a) | 1,638,000 | 1,628,197 | ||||||
The Goldman Sachs Group, Inc.: | ||||||||
0.64%, 7/22/2015 (a) | 2,366,000 | 2,360,563 | ||||||
0.70%, 3/22/2016 (a) | 5,781,000 | 5,761,165 | ||||||
0.74%, 1/12/2015 (a) | 1,483,000 | 1,482,101 | ||||||
0.85%, 9/29/2014 (a) | 1,288,000 | 1,290,204 | ||||||
1.24%, 2/7/2014 (a) | 882,000 | 882,617 | ||||||
1.24%, 11/21/2014 (a)(c) | 546,000 | 548,835 | ||||||
1.34%, 11/15/2018 (a) | 600,000 | 601,408 | ||||||
1.44%, 4/30/2018 (a) | 2,450,000 | 2,478,944 | ||||||
25,590,569 | ||||||||
CHEMICALS — 0.4% | ||||||||
EI du Pont de Nemours & Co. 0.67%, 3/25/2014 (a) | 800,000 | 800,845 | ||||||
Monsanto Co. 0.44%, 11/7/2016 (a) | 500,000 | 500,279 | ||||||
1,301,124 | ||||||||
COMMERCIAL BANKS — 44.3% | ||||||||
Abbey National Treasury Services PLC 1.82%, 4/25/2014 (a) | 1,175,000 | 1,180,164 | ||||||
ABN Amro Bank NV: | ||||||||
1.04%, 10/28/2016 (a)(b) | 1,700,000 | 1,702,550 | ||||||
2.01%, 1/30/2014 (a)(b) | 1,185,000 | 1,186,491 | ||||||
Achmea Hypotheekbank NV 0.59%, 11/3/2014 (a)(b) | 800,000 | 801,753 | ||||||
African Development Bank 0.57%, 8/4/2014 (a) | 1,371,000 | 1,373,349 | ||||||
American Express Bank FSB 0.47%, 6/12/2017 (a) | 400,000 | 396,064 | ||||||
American Express Centurion Bank 0.69%, 11/13/2015 (a) | 550,000 | 552,485 | ||||||
Australia & New Zealand Banking Group Ltd.: | ||||||||
0.44%, 5/7/2015 (a)(b) | 1,900,000 | 1,901,581 | ||||||
0.80%, 5/15/2018 (a) | 1,065,000 | 1,064,117 | ||||||
0.98%, 1/10/2014 (a)(b) | 795,000 | 795,137 | ||||||
Banco Bradesco SA 2.34%, 5/16/2014 (a) | 850,000 | 850,790 | ||||||
Banco Santander Chile 1.84%, 1/19/2016 (a)(b) | 350,000 | 347,550 | ||||||
Bank of Montreal: | ||||||||
0.50%, 9/24/2015 (a)(c) | 1,600,000 | 1,600,840 | ||||||
0.71%, 4/29/2014 (a) | 408,000 | 408,568 | ||||||
0.71%, 9/11/2015 (a) | 1,100,000 | 1,105,128 | ||||||
0.76%, 7/15/2016 (a) | 1,030,000 | 1,034,149 | ||||||
0.84%, 4/9/2018 (a) | 450,000 | 452,269 | ||||||
Bank of Nova Scotia: | ||||||||
0.64%, 3/15/2016 (a) | 492,000 | 492,786 | ||||||
0.66%, 12/13/2016 (a) | 900,000 | 901,301 | ||||||
0.76%, 7/15/2016 (a)(c) | 1,314,000 | 1,319,294 | ||||||
1.28%, 1/12/2015 (a) | 600,000 | 606,436 | ||||||
Banque Federative du Credit Mutuel SA 1.09%, 10/28/2016 (a)(b) | 1,250,000 | 1,253,812 | ||||||
Barclays Bank PLC 1.28%, 1/13/2014 (a) | 1,053,000 | 1,053,289 | ||||||
BB&T Corp.: | ||||||||
0.94%, 4/28/2014 (a) | 888,000 | 889,574 | ||||||
1.10%, 6/15/2018 (a) | 150,000 | 151,052 | ||||||
BBVA US Senior SAU 2.36%, 5/16/2014 (a) | 500,000 | 503,148 | ||||||
BNP Paribas SA: | ||||||||
0.83%, 12/12/2016 (a) | 500,000 | 500,730 | ||||||
3.00%, 12/20/2014 (a) | 1,850,000 | 1,893,747 | ||||||
BPCE SA: | ||||||||
1.49%, 4/25/2016 (a) | 1,038,000 | 1,051,507 |
See accompanying notes to financial statements.
261
SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
1.99%, 2/7/2014 (a)(b) | $ | 1,239,000 | $ | 1,240,887 | ||||
Branch Banking & Trust Co. 0.56%, 9/13/2016 (a) | 300,000 | 297,801 | ||||||
Canadian Imperial Bank of Commerce/Canada 0.77%, 7/18/2016 (a) | 515,000 | 517,082 | ||||||
Commonwealth Bank of Australia: | ||||||||
0.52%, 1/29/2015 (a)(b) | 2,100,000 | 2,104,110 | ||||||
0.52%, 9/17/2014 (a)(b) | 1,350,000 | 1,352,719 | ||||||
0.75%, 9/20/2016 (a)(b) | 2,335,000 | 2,340,667 | ||||||
0.75%, 6/25/2014 (a)(b) | 2,165,000 | 2,169,728 | ||||||
0.97%, 3/17/2014 (a)(b) | 1,300,000 | 1,302,440 | ||||||
1.04%, 9/18/2015 (a)(b) | 1,200,000 | 1,213,042 | ||||||
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA: | ||||||||
0.59%, 4/14/2014 (a) | 392,000 | 392,423 | ||||||
0.72%, 3/18/2016 (a)(c) | 1,250,000 | 1,254,676 | ||||||
Credit Agricole SA 1.10%, 10/3/2016 (a)(c)(b) | 1,000,000 | 1,002,709 | ||||||
Credit Agricole SA/London: | ||||||||
1.40%, 4/15/2016 (a)(b) | 350,000 | 354,353 | ||||||
1.69%, 1/21/2014 (a)(b) | 1,467,000 | 1,467,993 | ||||||
Credit Suisse of New York, NY 1.20%, 1/14/2014 (a) | 878,000 | 878,247 | ||||||
Danske Bank A/S 1.29%, 4/14/2014 (a)(b) | 708,000 | 709,336 | ||||||
Dexia Credit Local SA 0.62%, 11/7/2016 (a) | 600,000 | 599,659 | ||||||
Fifth Third Bank: | ||||||||
0.65%, 2/26/2016 (a) | 275,000 | 275,069 | ||||||
0.75%, 11/18/2016 (a) | 600,000 | 601,585 | ||||||
HSBC Bank PLC 0.88%, 5/15/2018 (a)(c)(b) | 800,000 | 801,735 | ||||||
ING Bank NV: | ||||||||
1.19%, 3/7/2016 (a)(b)(c) | 700,000 | 706,385 | ||||||
1.64%, 6/9/2014 (a)(b) | 1,527,000 | 1,535,282 | ||||||
1.89%, 9/25/2015 (a)(b)(c) | 860,000 | 878,550 | ||||||
Inter-American Development Bank: | ||||||||
0.22%, 10/15/2015 (a)(c) | 700,000 | 698,859 | ||||||
0.69%, 5/20/2014 (a) | 2,383,000 | 2,386,839 | ||||||
International Bank for Reconstruction & Development: | ||||||||
0.17%, 1/14/2015 (a) | 2,400,000 | 2,400,727 | ||||||
0.17%, 8/7/2015 (a) | 1,400,000 | 1,400,136 | ||||||
International Finance Corp.: | ||||||||
0.16%, 8/27/2015 (a) | 500,000 | 500,031 | ||||||
0.17%, 1/28/2015 (a) | 1,142,000 | 1,141,780 | ||||||
0.19%, 8/1/2016 (a) | 1,000,000 | 1,000,001 | ||||||
Intesa Sanpaolo SpA 2.64%, 2/24/2014 (a)(b) | 2,364,000 | 2,370,910 | ||||||
KeyBank NA 0.73%, 11/25/2016 (a) | 600,000 | 601,025 | ||||||
Kfw Bakengruppe: | ||||||||
0.21%, 1/23/2015 (a)(c) | 2,000,000 | 1,999,834 | ||||||
0.23%, 7/9/2015 (a)(c) | 1,450,000 | 1,449,785 | ||||||
0.24%, 3/17/2014 (a) | 1,440,000 | 1,440,160 | ||||||
0.31%, 3/13/2015 (a) | 650,000 | 650,675 | ||||||
Kommunalbanken AS: | ||||||||
0.26%, 1/26/2015 (a)(b) | 1,164,000 | 1,163,644 | ||||||
0.32%, 3/18/2016 (a)(b) | 1,800,000 | 1,801,316 | ||||||
0.36%, 5/2/2017 (a)(b) | 500,000 | 499,683 | ||||||
0.37%, 10/31/2016 (a)(b) | 1,446,000 | 1,448,309 | ||||||
0.42%, 2/20/2018 (a)(b) | 1,174,000 | 1,172,549 | ||||||
0.45%, 4/1/2015 (a)(b) | 500,000 | 500,934 | ||||||
0.63%, 3/27/2017 (a)(b) | 3,750,000 | 3,778,470 | ||||||
Kommuninvest I Sverige AB: | ||||||||
0.24%, 9/12/2014 (a)(b) | 750,000 | 750,000 | ||||||
0.27%, 3/26/2015 (a)(b) | 1,550,000 | 1,549,741 | ||||||
Kookmin Bank 1.50%, 10/11/2016 (a) | 600,000 | 603,752 | ||||||
Landwirtschaftliche Rentenbank: | ||||||||
0.37%, 1/28/2014 (a)(b)(c) | 752,000 | 752,096 | ||||||
0.44%, 3/15/2016 (a)(b) | 800,000 | 802,730 | ||||||
Lloyds Bank PLC 2.59%, 1/24/2014 (a) | 1,298,000 | 1,299,800 | ||||||
Manufacturers & Traders Trust Co. 0.54%, 3/7/2016 (a) | 225,000 | 224,523 | ||||||
National Australia Bank, Ltd.: | ||||||||
0.45%, 10/2/2014 (a)(b) | 750,000 | 750,503 | ||||||
0.54%, 1/22/2015 (a)(b) | 3,105,000 | 3,112,918 | ||||||
0.79%, 7/25/2016 (a)(c) | 2,350,000 | 2,358,368 | ||||||
0.97%, 4/11/2014 (a)(b) | 1,850,000 | 1,853,439 | ||||||
1.19%, 7/25/2014 (a)(b) | 2,100,000 | 2,111,140 | ||||||
1.37%, 8/7/2015 (a)(c) | 300,000 | 304,332 | ||||||
National City Bank 0.61%, 6/7/2017 (a) | 440,000 | 435,151 | ||||||
Nederlandse Waterschapsbank NV: | ||||||||
0.33%, 11/4/2015 (a)(b) | 600,000 | 600,217 | ||||||
0.45%, 10/18/2016 (a)(b) | 300,000 | 299,999 | ||||||
Nordea Bank AB: | ||||||||
0.70%, 5/13/2016 (a)(b)(c) | 584,000 | 585,665 | ||||||
1.14%, 1/14/2014 (a)(b) | 1,352,000 | 1,352,442 | ||||||
PNC Bank NA 0.56%, 4/29/2016 (a)(c) | 450,000 | 450,219 | ||||||
PNC Funding Corp. 0.44%, 1/31/2014 (a) | 879,000 | 879,104 | ||||||
Royal Bank of Canada: | ||||||||
0.45%, 4/29/2015 (a) | 1,180,000 | 1,181,579 | ||||||
0.46%, 12/16/2015 (a) | 1,800,000 | 1,799,278 | ||||||
0.48%, 1/6/2015 (a) | 2,400,000 | 2,403,883 | ||||||
0.54%, 4/17/2014 (a) | 1,444,000 | 1,445,183 | ||||||
0.61%, 3/8/2016 (a)(c) | 1,300,000 | 1,302,521 | ||||||
0.70%, 9/9/2016 (a) | 1,000,000 | 1,004,285 | ||||||
0.94%, 10/30/2014 (a) | 1,088,000 | 1,094,074 | ||||||
Societe Generale SA 1.30%, 4/11/2014 (a)(b) | 1,800,000 | 1,804,329 | ||||||
SSIF Nevada LP 0.94%, 4/14/2014 (a)(b) | 2,050,000 | 2,053,526 | ||||||
Standard Chartered PLC 1.19%, 5/12/2014 (a)(b)(c) | 486,000 | 487,455 | ||||||
Sumitomo Mitsui Banking Corp.: | ||||||||
0.91%, 7/19/2016 (a)(c) | 350,000 | 351,944 | ||||||
1.19%, 7/22/2014 (a)(b) | 542,000 | 544,484 | ||||||
Sumitomo Mitsui Trust Bank, Ltd. 1.02%, 9/16/2016 (a)(b) | 500,000 | 502,406 | ||||||
SunTrust Bank/Atlanta GA 0.53%, 8/24/2015 (a) | 373,000 | 369,922 |
See accompanying notes to financial statements.
262
SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Svenska Handelsbanken AB: | ||||||||
0.70%, 3/21/2016 (a) | $ | 1,280,000 | $ | 1,282,911 | ||||
0.72%, 9/23/2016 (a) | 1,100,000 | 1,101,196 | ||||||
Swedish Export Credit 0.30%, 1/5/2015 (a) | 584,000 | 584,060 | ||||||
The Bank of New York Mellon Corp.: | ||||||||
0.47%, 10/23/2015 (a) | 850,000 | 850,491 | ||||||
0.47%, 3/4/2016 (a) | 584,000 | 583,113 | ||||||
0.51%, 7/28/2014 (a) | 455,000 | 455,441 | ||||||
0.52%, 1/31/2014 (a) | 111,000 | 111,024 | ||||||
0.68%, 3/6/2018 (a) | 146,000 | 145,949 | ||||||
0.80%, 8/1/2018 (a) | 370,000 | 371,005 | ||||||
1.09%, 11/24/2014 (a) | 200,000 | 201,510 | ||||||
The Bank of Tokyo-Mitsubishi UFJ, Ltd.: | ||||||||
0.69%, 2/26/2016 (a)(b) | 826,000 | 826,745 | ||||||
0.85%, 9/9/2016 (a)(b)(c) | 850,000 | 853,845 | ||||||
0.90%, 2/24/2014 (a)(b) | 450,000 | 450,378 | ||||||
The Toronto-Dominion Bank: | ||||||||
0.42%, 5/1/2015 (a) | 4,150,000 | 4,153,980 | ||||||
0.54%, 7/14/2014 (a) | 1,150,000 | 1,152,024 | ||||||
0.70%, 9/9/2016 (a) | 2,500,000 | 2,507,380 | ||||||
0.79%, 4/30/2018 (a) | 810,000 | 811,742 | ||||||
UBS AG/Stamford CT 1.24%, 1/28/2014 (a) | 629,000 | 629,548 | ||||||
Union Bank NA 1.00%, 9/26/2016 (a) | 600,000 | 605,359 | ||||||
US Bancorp 0.73%, 11/15/2018 (a)(c) | 900,000 | 902,577 | ||||||
US Bank NA 0.52%, 10/14/2014 (c)(a) | 430,000 | 430,500 | ||||||
Wachovia Bank NA: | ||||||||
0.57%, 3/15/2016 (a) | 700,000 | 696,632 | ||||||
0.62%, 11/3/2014 (a) | 300,000 | 300,507 | ||||||
Wachovia Corp.: | ||||||||
0.51%, 6/15/2017 (a) | 1,800,000 | 1,786,034 | ||||||
0.58%, 10/28/2015 (a) | 900,000 | 899,044 | ||||||
0.61%, 10/15/2016 (a)(c) | 1,600,000 | 1,591,232 | ||||||
Wells Fargo & Co.: | ||||||||
0.44%, 10/28/2015 (a) | 2,270,000 | 2,269,269 | ||||||
0.77%, 7/20/2016 (a) | 800,000 | 802,842 | ||||||
0.87%, 4/23/2018 (a) | 1,961,000 | 1,971,829 | ||||||
1.17%, 6/26/2015 (a) | 1,130,000 | 1,142,589 | ||||||
Wells Fargo Bank NA: | ||||||||
0.45%, 5/16/2016 (a) | 2,175,000 | 2,154,677 | ||||||
0.52%, 7/20/2015 (a) | 1,750,000 | 1,752,683 | ||||||
Westpac Banking Corp.: | ||||||||
0.52%, 9/10/2014 (a)(b) | 250,000 | 250,179 | ||||||
0.67%, 11/25/2016 (a)(c) | 1,000,000 | 1,001,410 | ||||||
0.98%, 7/30/2018 (a) | 600,000 | 602,963 | ||||||
0.98%, 3/31/2014 (a)(b) | 1,150,000 | 1,152,194 | ||||||
1.01%, 9/25/2015 (a) | 2,300,000 | 2,324,396 | ||||||
156,902,072 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.4% | ||||||||
Cisco Systems, Inc. 0.49%, 3/14/2014 (a)(c) | 1,424,000 | 1,424,920 | ||||||
COMPUTERS & PERIPHERALS — 1.9% | ||||||||
Apple, Inc.: | ||||||||
0.29%, 5/3/2016 (a) | 1,176,000 | 1,175,751 | ||||||
0.49%, 5/3/2018 (a)(c) | 2,439,000 | 2,434,873 | ||||||
Hewlett-Packard Co.: | ||||||||
0.64%, 5/30/2014 (a) | 350,000 | 350,075 | ||||||
1.79%, 9/19/2014 (a) | 490,000 | 494,162 | ||||||
International Business Machines Corp.: | ||||||||
0.22%, 2/4/2015 (a) | 1,700,000 | 1,698,414 | ||||||
0.27%, 7/29/2015 (a) | 650,000 | 650,010 | ||||||
6,803,285 | ||||||||
CONSUMER FINANCE — 1.7% | ||||||||
Caterpillar Financial Services Corp.: | ||||||||
0.39%, 8/27/2014 (a) | 600,000 | 600,516 | ||||||
0.48%, 2/26/2016 (a) | 750,000 | 750,693 | ||||||
0.59%, 2/9/2015 (a) | 730,000 | 732,036 | ||||||
John Deere Capital Corp.: | ||||||||
0.31%, 1/12/2015 (a) | 550,000 | 550,373 | ||||||
0.34%, 10/8/2014 (a) | 2,020,000 | 2,021,125 | ||||||
0.36%, 6/15/2015 (a) | 470,000 | 470,140 | ||||||
0.39%, 4/25/2014 (a) | 470,000 | 470,237 | ||||||
0.41%, 6/16/2014 (a) | 200,000 | 200,129 | ||||||
0.78%, 9/22/2014 (a) | 200,000 | 200,816 | ||||||
SLM Corp. 0.54%, 1/27/2014 (a) | 100,000 | 99,880 | ||||||
6,095,945 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 19.1% | ||||||||
American Express Co. 0.83%, 5/22/2018 (a) | 950,000 | 949,343 | ||||||
American Express Credit Corp.: | ||||||||
0.75%, 7/29/2016 (a) | 1,300,000 | 1,306,315 | ||||||
1.10%, 6/24/2014 (a) | 784,000 | 786,722 | ||||||
1.34%, 6/12/2015 (a) | 1,000,000 | 1,013,349 | ||||||
American Honda Finance Corp.: | ||||||||
0.34%, 11/13/2014 (a)(b) | 300,000 | 300,266 | ||||||
0.46%, 11/3/2014 (a)(b) | 300,000 | 300,564 | ||||||
0.61%, 5/26/2016 (a)(b) | 1,400,000 | 1,403,220 | ||||||
0.64%, 6/18/2014 (a)(b) | 1,022,000 | 1,024,469 | ||||||
0.74%, 10/7/2016 (a) | 850,000 | 854,421 | ||||||
Bank of America Corp.: | ||||||||
1.07%, 3/22/2016 (a) | 1,417,000 | 1,427,076 | ||||||
1.32%, 3/22/2018 (a)(c) | 1,577,000 | 1,597,943 | ||||||
1.66%, 1/30/2014 (a) | 4,000 | 4,003 | ||||||
Bank of America NA: | ||||||||
0.52%, 6/15/2016 (a) | 1,100,000 | 1,090,144 | ||||||
0.54%, 6/15/2017 (a) | 1,500,000 | 1,471,683 | ||||||
0.71%, 11/14/2016 (a) | 1,200,000 | 1,202,374 | ||||||
Caisse Centrale Desjardins 0.52%, 10/29/2015 (a)(b) | 600,000 | 599,780 | ||||||
Citigroup, Inc.: | ||||||||
0.37%, 3/7/2014 (a) | 950,000 | 949,814 | ||||||
0.51%, 6/9/2016 (a) | 2,810,000 | 2,764,419 | ||||||
0.52%, 11/5/2014 (a) | 2,410,000 | 2,409,067 | ||||||
1.04%, 4/1/2016 (a) | 800,000 | 805,222 | ||||||
1.18%, 4/1/2014 (a) | 675,000 | 676,319 | ||||||
1.20%, 7/25/2016 (a)(c) | 2,750,000 | 2,778,578 | ||||||
1.69%, 1/13/2014 (a) | 900,000 | 900,330 | ||||||
1.94%, 5/15/2018 (a)(c) | 1,600,000 | 1,666,346 |
See accompanying notes to financial statements.
263
SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Ford Motor Credit Co. LLC 1.49%, 5/9/2016 (a) | $ | 800,000 | $ | 811,738 | ||||
General Electric Capital Corp.: | ||||||||
0.41%, 2/15/2017 (a)(c) | 400,000 | 395,658 | ||||||
0.44%, 5/11/2016 (a) | 910,000 | 906,639 | ||||||
0.44%, 1/8/2016 (a)(c) | 1,730,000 | 1,721,715 | ||||||
0.50%, 9/15/2014 (a)(c) | 2,480,000 | 2,484,154 | ||||||
0.51%, 8/7/2018 (a) | 1,000,000 | 983,117 | ||||||
0.62%, 1/9/2015 (a) | 1,300,000 | 1,305,428 | ||||||
0.62%, 7/10/2015 (a) | 1,020,000 | 1,023,558 | ||||||
0.84%, 12/11/2015 (a) | 750,000 | 755,735 | ||||||
0.84%, 1/8/2016 (a) | 1,490,000 | 1,498,959 | ||||||
0.87%, 6/2/2014 (a) | 300,000 | 300,759 | ||||||
0.87%, 4/7/2014 (a) | 983,000 | 984,570 | ||||||
0.89%, 7/12/2016 (a) | 1,200,000 | 1,208,419 | ||||||
0.94%, 4/24/2014 (a) | 1,200,000 | 1,202,767 | ||||||
0.96%, 4/2/2018 (a) | 500,000 | 503,966 | ||||||
1.09%, 1/7/2014 (a) | 660,000 | 660,066 | ||||||
1.11%, 5/9/2016 (a) | 1,025,000 | 1,036,008 | ||||||
HSBC Finance Corp. 0.67%, 6/1/2016 (a) | 1,450,000 | 1,447,671 | ||||||
JPMorgan Chase & Co.: | ||||||||
0.69%, 4/23/2015 (a) | 3,814,000 | 3,821,510 | ||||||
0.86%, 2/26/2016 (a) | 3,130,000 | 3,142,868 | ||||||
0.90%, 10/15/2015 (a)(c) | 876,000 | 879,440 | ||||||
0.99%, 5/2/2014 (a) | 3,230,000 | 3,237,487 | ||||||
1.14%, 1/25/2018 (a)(c) | 2,650,000 | 2,676,479 | ||||||
1.30%, 3/20/2015 (a) | 419,000 | 423,054 | ||||||
Merrill Lynch & Co., Inc.: | ||||||||
0.70%, 1/15/2015 (a) | 472,000 | 472,296 | ||||||
0.79%, 5/2/2017 (a) | 200,000 | 194,823 | ||||||
Nomura Holdings, Inc. 1.69%, 9/13/2016 (a) | 250,000 | 254,529 | ||||||
RCI Banque SA 2.12%, 4/11/2014 (a)(b) | 400,000 | 401,221 | ||||||
Toyota Motor Credit Corp.: | ||||||||
0.39%, 3/10/2015 (a) | 2,240,000 | 2,243,064 | ||||||
0.40%, 1/27/2014 (a) | 200,000 | 200,056 | ||||||
0.41%, 1/23/2015 (a) | 200,000 | 200,280 | ||||||
0.53%, 5/17/2016 (a) | 1,100,000 | 1,103,137 | ||||||
0.64%, 1/17/2014 (a) | 788,000 | 788,142 | ||||||
67,551,080 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.7% | ||||||||
America Movil SAB de CV 1.24%, 9/12/2016 (a) | 500,000 | 505,187 | ||||||
AT&T, Inc. 0.62%, 2/12/2016 (a) | 1,426,000 | 1,423,244 | ||||||
Verizon Communications, Inc.: | ||||||||
0.44%, 3/6/2015 (a)(b) | 246,000 | 245,583 | ||||||
0.86%, 3/28/2014 (a) | 1,317,000 | 1,318,655 | ||||||
1.77%, 9/15/2016 (a) | 2,700,000 | 2,781,618 | ||||||
1.99%, 9/14/2018 (a) | 2,000,000 | 2,102,996 | ||||||
Vodafone Group PLC 0.62%, 2/19/2016 (a) | 1,300,000 | 1,299,394 | ||||||
9,676,677 | ||||||||
FOOD & STAPLES RETAILING — 0.4% | ||||||||
The Kroger Co. 0.80%, 10/17/2016 (a) | 800,000 | 801,755 | ||||||
Walgreen Co. 0.74%, 3/13/2014 (a) | 758,000 | 758,757 | ||||||
1,560,512 | ||||||||
FOOD PRODUCTS — 0.4% | ||||||||
Campbell Soup Co. 0.54%, 8/1/2014 (a) | 600,000 | 600,788 | ||||||
General Mills, Inc.: | ||||||||
0.54%, 1/29/2016 (a) | 300,000 | 300,260 | ||||||
0.59%, 5/16/2014 (a) | 584,000 | 584,524 | ||||||
1,485,572 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.2% | ||||||||
Baxter International, Inc. 0.41%, 12/11/2014 (a) | 660,000 | 660,834 | ||||||
HOUSEHOLD PRODUCTS — 0.8% | ||||||||
The Procter & Gamble Co.: | ||||||||
0.14%, 2/14/2014 (a) | 700,000 | 700,091 | ||||||
0.16%, 2/6/2014 (a) | 1,481,000 | 1,481,190 | ||||||
0.32%, 11/4/2016 (a) | 600,000 | 599,997 | ||||||
2,781,278 | ||||||||
INSURANCE — 3.3% | ||||||||
Berkshire Hathaway Finance Corp. 0.57%, 1/10/2014 (a) | 446,000 | 446,036 | ||||||
Berkshire Hathaway, Inc. 0.94%, 8/15/2014 (a) | 883,000 | 886,837 | ||||||
Jackson National Life Global Funding 0.60%, 9/30/2015 (a)(b) | 350,000 | 351,027 | ||||||
MetLife Institutional Funding II: | ||||||||
0.62%, 1/6/2015 (a)(b)(c) | 1,750,000 | 1,755,481 | ||||||
1.15%, 4/4/2014 (a)(b) | 950,000 | 952,054 | ||||||
Metropolitan Life Global Funding I: | ||||||||
0.59%, 3/19/2014 (a)(b) | 500,000 | 500,446 | ||||||
0.77%, 7/15/2016 (a)(b) | 200,000 | 201,108 | ||||||
0.99%, 1/10/2014 (a)(b) | 750,000 | 750,115 | ||||||
Monumental Global Funding III 0.44%, 1/15/2014 (a)(b) | 570,000 | 570,063 | ||||||
New York Life Global Funding: | ||||||||
0.24%, 7/30/2014 (a)(b) | 300,000 | 300,046 | ||||||
0.28%, 9/19/2014 (a)(b) | 584,000 | 584,227 | ||||||
0.36%, 6/18/2014 (a)(b) | 580,000 | 580,498 | ||||||
0.51%, 4/4/2014 (a)(b) | 650,000 | 650,510 | ||||||
0.59%, 5/23/2016 (a)(b)(c) | 500,000 | 502,023 | ||||||
Pricoa Global Funding I 0.51%, 8/19/2015 (a)(b) | 350,000 | 350,461 | ||||||
Principal Life Global Funding II: | ||||||||
0.40%, 9/19/2014 (a)(b) | 700,000 | 700,597 | ||||||
0.61%, 5/27/2016 (a)(b) | 300,000 | 300,512 | ||||||
0.87%, 7/9/2014 (a)(b) | 343,000 | 344,111 | ||||||
Prudential Financial, Inc. 1.02%, 8/15/2018 (a)(c) | 800,000 | 802,538 | ||||||
11,528,690 | ||||||||
MACHINERY — 0.1% | ||||||||
Eaton Corp. 0.57%, 6/16/2014 (a) | 292,000 | 292,369 | ||||||
MEDIA — 0.8% | ||||||||
NBCUniversal Enterprise, Inc.: | ||||||||
0.78%, 4/15/2016 (a)(b) | 584,000 | 587,188 |
See accompanying notes to financial statements.
264
SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
0.93%, 4/15/2018 (a)(b)(c) | $ | 1,219,000 | $ | 1,223,463 | ||||
The Walt Disney Co. 0.23%, 2/11/2015 (a) | 1,050,000 | 1,049,820 | ||||||
2,860,471 | ||||||||
METALS & MINING — 0.8% | ||||||||
BHP Billiton Finance USA ,Ltd.: | ||||||||
0.50%, 9/30/2016 (a) | 850,000 | 850,702 | ||||||
0.51%, 2/18/2014 (a) | 953,000 | 953,326 | ||||||
Glencore Funding LLC 1.40%, 5/27/2016 (a)(b) | 600,000 | 597,193 | ||||||
Rio Tinto Finance USA PLC 1.08%, 6/17/2016 (a) | 578,000 | 582,101 | ||||||
2,983,322 | ||||||||
MULTI-NATIONAL — 1.9% | ||||||||
Asian Development Bank 0.17%, 5/29/2015 (a) | 1,200,000 | 1,200,168 | ||||||
European Investment Bank 0.64%, 2/3/2014 (a)(b) | 560,000 | 560,291 | ||||||
Inter-American Development Bank: | ||||||||
0.17%, 7/29/2015 (a) | 200,000 | 199,834 | ||||||
0.18%, 10/23/2015 (a) | 2,350,000 | 2,349,053 | ||||||
0.21%, 2/11/2016 (a)(c) | 1,550,000 | 1,549,137 | ||||||
0.27%, 9/12/2018 (a) | 750,000 | 749,307 | ||||||
6,607,790 | ||||||||
MULTI-UTILITIES — 0.1% | ||||||||
Sempra Energy 1.00%, 3/15/2014 (a) | 223,000 | 223,322 | ||||||
MULTILINE RETAIL — 0.2% | ||||||||
Target Corp. 0.42%, 7/18/2014 (a) | 723,000 | 723,732 | ||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Xerox Corp. 1.06%, 5/16/2014 (a) | 391,000 | 391,323 | ||||||
OIL, GAS & CONSUMABLE FUELS — 3.9% | ||||||||
BP Capital Markets PLC: | ||||||||
0.57%, 11/6/2015 (a) | 400,000 | 400,584 | ||||||
0.66%, 11/7/2016 (a) | 400,000 | 401,690 | ||||||
0.84%, 3/11/2014 (a)(c) | 1,536,000 | 1,537,657 | ||||||
0.88%, 9/26/2018 (a) | 1,100,000 | 1,101,539 | ||||||
Devon Energy Corp.: | ||||||||
0.69%, 12/15/2015 (a) | 600,000 | 600,457 | ||||||
0.78%, 12/15/2016 (a) | 600,000 | 601,042 | ||||||
Enbridge, Inc. 0.90%, 10/1/2016 (a) | 350,000 | 351,330 | ||||||
EOG Resources, Inc. 0.99%, 2/3/2014 (a) | 425,000 | 425,267 | ||||||
Petrobras Global Finance BV 1.86%, 5/20/2016 (a)(c) | 1,125,000 | 1,122,187 | ||||||
Petroleos Mexicanos 2.27%, 7/18/2018 (a)(c) | 450,000 | 463,500 | ||||||
Schlumberger Investment SA 0.79%, 9/12/2014 (a)(b) | 200,000 | 200,742 | ||||||
Shell International Finance BV: | ||||||||
0.31%, 11/10/2015 (a) | 1,000,000 | 1,000,362 | ||||||
0.45%, 11/15/2016 (a) | 1,000,000 | 1,000,847 | ||||||
Statoil ASA: | ||||||||
0.53%, 5/15/2018 (a) | 669,000 | 669,026 | ||||||
0.70%, 11/8/2018 (a)(c) | 900,000 | 904,290 | ||||||
Total Capital Canada, Ltd.: | ||||||||
0.62%, 1/17/2014 (a) | 664,000 | 664,126 | ||||||
0.62%, 1/15/2016 (a) | 1,280,000 | 1,286,766 | ||||||
Total Capital International SA 0.81%, 8/10/2018 (a) | 600,000 | 603,274 | ||||||
TransCanada PipeLines, Ltd. 0.93%, 6/30/2016 (a) | 550,000 | 555,169 | ||||||
13,889,855 | ||||||||
PHARMACEUTICALS — 2.0% | ||||||||
AbbVie, Inc. 1.00%, 11/6/2015 (a) | 900,000 | 909,256 | ||||||
Johnson & Johnson: | ||||||||
0.31%, 11/28/2016 (a) | 1,000,000 | 1,000,567 | ||||||
0.33%, 5/15/2014 (a) | 850,000 | 850,140 | ||||||
Merck & Co., Inc.: | ||||||||
0.43%, 5/18/2016 (a) | 642,000 | 643,910 | ||||||
0.60%, 5/18/2018 (a) | 1,352,000 | 1,355,546 | ||||||
Pfizer, Inc. 0.54%, 6/15/2018 (a) | 495,000 | 495,028 | ||||||
Sanofi 0.56%, 3/28/2014 (a) | 850,000 | 851,304 | ||||||
Teva Pharmaceutical Finance III BV 0.75%, 3/21/2014 (a) | 935,000 | 935,694 | ||||||
7,041,445 | ||||||||
ROAD & RAIL — 0.1% | ||||||||
Canadian National Railway Co. 0.44%, 11/6/2015 (a) | 209,000 | 209,152 | ||||||
TOBACCO — 0.1% | ||||||||
Philip Morris International, Inc. 0.29%, 2/26/2015 (a) | 460,000 | 460,298 | ||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $345,346,760) | 346,141,626 | |||||||
FOREIGN GOVERNMENT OBLIGATIONS — 1.6% | ||||||||
COMMERCIAL BANKS — 1.2% | ||||||||
Bank Nederlandse Gemeenten 0.42%, 7/18/2016 (a)(b) | 1,292,000 | 1,293,046 | ||||||
Nederlandse Waterschapsbank NV 0.29%, 10/27/2014 (a)(b) | 2,800,000 | 2,797,441 | ||||||
4,090,487 | ||||||||
REGIONAL (STATE/PROVINCE) — 0.4% | ||||||||
Province of Ontario Canada: | ||||||||
0.29%, 8/13/2015 (a) | 800,000 | 799,527 | ||||||
0.40%, 4/1/2015 (a) | 650,000 | 650,477 | ||||||
1,450,004 | ||||||||
TOTAL FOREIGN GOVERNMENT OBLIGATIONS — | ||||||||
(Cost $5,543,044) | 5,540,491 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 5.8% | ||||||||
MONEY MARKET FUNDS — 5.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 17,814,763 | 17,814,763 |
See accompanying notes to financial statements.
265
SPDR Barclays Investment Grade Floating Rate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 2,783,453 | $ | 2,783,453 | |||||
TOTAL SHORT TERM INVESTMENTS — (g) | ||||||||
(Cost $20,598,216) | 20,598,216 | |||||||
TOTAL INVESTMENTS — 105.0% (h) | ||||||||
(Cost $371,488,020) | 372,280,333 | |||||||
OTHER ASSETS & LIABILITIES — (5.0)% | (17,706,363 | ) | ||||||
NET ASSETS — 100.0% | $ | 354,573,970 | ||||||
(a) | Variable rate security. Rate shown is rate in effect at December 31, 2013. Maturity date disclosed is the ultimate maturity. | |||||
(b) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 26.1% of net assets as of December 31, 2013, 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, 2013. | |||||
(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.
266
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 98.5% | ||||||||
BERMUDA — 1.4% | ||||||||
Qtel International Finance, Ltd. 4.75%, 2/16/2021 (a) | 200,000 | $ | 210,000 | |||||
BRAZIL — 6.9% | ||||||||
Banco Bradesco SA 4.10%, 3/23/2015 (a) | 50,000 | 51,063 | ||||||
Banco do Brasil SA 3.88%, 10/10/2022 | 100,000 | 87,000 | ||||||
Banco Santander Brasil SA 4.63%, 2/13/2017 (a) | 150,000 | 156,000 | ||||||
Centrais Eletricas Brasileiras SA 5.75%, 10/27/2021 (a)(c) | 150,000 | 145,687 | ||||||
Embraer Overseas, Ltd. 5.70%, 9/16/2023 (a)(c) | 100,000 | 100,000 | ||||||
Hypermarcas SA 6.50%, 4/20/2021 (a) | 75,000 | 78,750 | ||||||
Marfrig Overseas, Ltd. 9.50%, 5/4/2020 (a) | 100,000 | 93,000 | ||||||
Odebrecht Finance, Ltd. 7.50%, 12/31/2049 (a) | 150,000 | 144,000 | ||||||
Telemar Norte Leste SA 5.50%, 10/23/2020 (a)(c) | 150,000 | 141,750 | ||||||
997,250 | ||||||||
BRITISH VIRGIN ISLANDS — 8.2% | ||||||||
CNOOC Finance 2011, Ltd. 4.25%, 1/26/2021 (a) | 100,000 | 101,549 | ||||||
CNOOC Finance 2013, Ltd.: | ||||||||
3.00%, 5/9/2023 | 100,000 | 89,318 | ||||||
4.25%, 5/9/2043 | 125,000 | 105,320 | ||||||
CNPC General Capital, Ltd. 2.75%, 4/19/2017 (a) | 200,000 | 202,924 | ||||||
Gerdau Trade, Inc. 5.75%, 1/30/2021 (a)(c) | 200,000 | 204,000 | ||||||
Sinochem Overseas Capital Co., Ltd. 4.50%, 11/12/2020 (a)(c) | 100,000 | 102,032 | ||||||
Sinopec Capital 2013, Ltd. 3.13%, 4/24/2023 (a) | 100,000 | 89,240 | ||||||
Sinopec Group Overseas Development 2012, Ltd. 2.75%, 5/17/2017 (a)(c) | 200,000 | 204,496 | ||||||
State Grid Overseas Investment 2013, Ltd. 3.13%, 5/22/2023 (a) | 100,000 | 91,468 | ||||||
1,190,347 | ||||||||
CANADA — 1.0% | ||||||||
Nexen Energy ULC 6.40%, 5/15/2037 (c) | 50,000 | 56,916 | ||||||
Pacific Rubiales Energy Corp. 5.13%, 3/28/2023 (a)(c) | 100,000 | 91,750 | ||||||
148,666 | ||||||||
CAYMAN ISLANDS — 15.4% | ||||||||
Braskem Finance, Ltd. 5.75%, 4/15/2021 (a) | 200,000 | 196,000 | ||||||
Country Garden Holdings Co., Ltd. 11.25%, 4/22/2017 (a) | 100,000 | 107,375 | ||||||
Evergrande Real Estate Group, Ltd. 13.00%, 1/27/2015 (a) | 100,000 | 106,500 | ||||||
Fibria Overseas Finance, Ltd. 7.50%, 5/4/2020 (a) | 100,000 | 109,375 | ||||||
Hutchison Whampoa International 11, Ltd.: | ||||||||
3.50%, 1/13/2017 (a) | 200,000 | 208,734 | ||||||
4.63%, 1/13/2022 (a)(c) | 100,000 | 102,146 | ||||||
Kuwait Projects Co. 9.38%, 7/15/2020 | 100,000 | 120,750 | ||||||
Petrobras International Finance Co.: | ||||||||
3.50%, 2/6/2017 | 500,000 | 504,575 | ||||||
5.38%, 1/27/2021 (c) | 100,000 | 99,239 | ||||||
6.75%, 1/27/2041 | 150,000 | 139,565 | ||||||
Vale Overseas, Ltd.: | ||||||||
4.38%, 1/11/2022 | 75,000 | 72,869 | ||||||
5.63%, 9/15/2019 | 100,000 | 108,489 | ||||||
6.88%, 11/21/2036 | 200,000 | 206,551 | ||||||
Voto-Votorantim Overseas Trading Operations NV 6.63%, 9/25/2019 (a) | 150,000 | 165,375 | ||||||
2,247,543 | ||||||||
CHILE — 2.8% | ||||||||
Cencosud SA 4.88%, 1/20/2023 (a) | 100,000 | 93,317 | ||||||
Corp Nacional del Cobre de Chile: | ||||||||
3.88%, 11/3/2021 (a) | 100,000 | 97,808 | ||||||
5.63%, 9/21/2035 (a) | 125,000 | 123,600 | ||||||
Empresa Nacional del Petroleo 4.75%, 12/6/2021 (a)(c) | 100,000 | 99,437 | ||||||
414,162 | ||||||||
CHINA — 0.7% | ||||||||
Baidu, Inc. 3.25%, 8/6/2018 | 100,000 | 101,080 | ||||||
COLOMBIA — 1.8% | ||||||||
Ecopetrol SA: | ||||||||
7.38%, 9/18/2043 (c) | 50,000 | 54,200 | ||||||
7.63%, 7/23/2019 (c) | 100,000 | 118,500 | ||||||
Grupo Aval, Ltd. 4.75%, 9/26/2022 (a)(c) | 100,000 | 92,250 | ||||||
264,950 | ||||||||
HONG KONG — 1.4% | ||||||||
MCE Finance, Ltd. 5.00%, 2/15/2021 (a)(c) | 100,000 | 97,500 | ||||||
Noble Group, Ltd. 6.75%, 1/29/2020 (a) | 100,000 | 105,000 | ||||||
202,500 | ||||||||
INDIA — 2.1% | ||||||||
ICICI Bank, Ltd. 4.75%, 11/25/2016 (a) | 200,000 | 208,477 | ||||||
State Bank of India 4.50%, 7/27/2015 (a) | 100,000 | �� | 102,919 | |||||
311,396 | ||||||||
INDONESIA — 1.2% | ||||||||
Pertamina Persero PT: | ||||||||
4.30%, 5/20/2023 (a) | 100,000 | 87,000 | ||||||
6.00%, 5/3/2042 (a) | 100,000 | 82,625 | ||||||
169,625 | ||||||||
See accompanying notes to financial statements.
267
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
IRELAND — 3.5% | ||||||||
Alfa Bank OJSC Via Alfa Bond Issuance PLC 7.88%, 9/25/2017 (a)(c) | 100,000 | $ | 111,000 | |||||
Bank of Moscow via BOM Capital PL 6.70%, 3/11/2015 (a)(b) | 100,000 | 105,000 | ||||||
Gazprombank OJSC Via GPB Eurobond Finance PLC 6.50%, 9/23/2015 | 100,000 | 107,000 | ||||||
Novatek OAO via Novatek Finance, Ltd. 4.42%, 12/13/2022 (a)(c) | 100,000 | 92,000 | ||||||
Rosneft Oil Co. via Rosneft International Finance, Ltd. 4.20%, 3/6/2022 (a)(b) | 100,000 | 91,750 | ||||||
506,750 | ||||||||
ISRAEL — 0.7% | ||||||||
Israel Electric Corp., Ltd. 6.70%, 2/10/2017 (a)(c) | 100,000 | 108,700 | ||||||
JAMAICA — 0.9% | ||||||||
Digicel Group, Ltd. 10.50%, 4/15/2018 (a)(b) | 125,000 | 133,750 | ||||||
LUXEMBOURG — 11.6% | ||||||||
CSN Resources SA 6.50%, 7/21/2020 (a)(c) | 100,000 | 101,125 | ||||||
Evraz Group SA 9.50%, 4/24/2018 (a) | 100,000 | 109,125 | ||||||
Gazprom Neft OAO Via GPN Capital SA 4.38%, 9/19/2022 (a) | 100,000 | 91,625 | ||||||
Gazprom OAO Via Gaz Capital SA: | ||||||||
7.29%, 8/16/2037 (a) | 100,000 | 105,375 | ||||||
9.25%, 4/23/2019 (a) | 300,000 | 369,000 | ||||||
Russian Agricultural Bank OJSC Via RSHB Capital SA 5.10%, 7/25/2018 (a)(c) | 150,000 | 152,812 | ||||||
Sberbank of Russia Via SB Capital SA 6.13%, 2/7/2022 (a) | 100,000 | 105,500 | ||||||
Severstal OAO Via Steel Capital SA 6.70%, 10/25/2017 (a) | 100,000 | 107,625 | ||||||
TNK-BP Finance SA 7.50%, 7/18/2016 (a) | 200,000 | 224,750 | ||||||
VTB Bank OJSC Via VTB Capital SA 6.00%, 4/12/2017 (a) | 300,000 | 318,750 | ||||||
1,685,687 | ||||||||
MALAYSIA — 0.6% | ||||||||
Petronas Capital, Ltd. 5.25%, 8/12/2019 (a) | 75,000 | 82,204 | ||||||
MEXICO — 9.4% | ||||||||
America Movil SAB de CV: | ||||||||
5.00%, 3/30/2020 (c) | 200,000 | 216,613 | ||||||
6.13%, 3/30/2040 (c) | 125,000 | 132,264 | ||||||
Coca-Cola Femsa SAB de CV 3.88%, 11/26/2023 | 50,000 | 49,308 | ||||||
Comision Federal de Electricidad 5.75%, 2/14/2042 (a)(b) | 50,000 | 46,625 | ||||||
Fomento Economico Mexicano SAB de CV 4.38%, 5/10/2043 | 50,000 | 41,253 | ||||||
Grupo Bimbo SAB de CV 4.50%, 1/25/2022 (a) | 100,000 | 99,159 | ||||||
Grupo Televisa SA 6.63%, 3/18/2025 | 100,000 | 111,927 | ||||||
Petroleos Mexicanos: | ||||||||
5.50%, 1/21/2021 (c) | 400,000 | 430,000 | ||||||
6.50%, 6/2/2041 | 235,000 | 245,575 | ||||||
1,372,724 | ||||||||
NETHERLANDS — 5.9% | ||||||||
Kazakhstan Temir Zholy Finance BV 6.95%, 7/10/2042 (a) | 50,000 | 49,750 | ||||||
KazMunaiGaz Finance Sub BV 6.38%, 4/9/2021 (a) | 200,000 | 217,000 | ||||||
Lukoil International Finance BV 6.13%, 11/9/2020 (a) | 200,000 | 216,700 | ||||||
Majapahit Holding BV 7.75%, 1/20/2020 (a)(c) | 150,000 | 164,625 | ||||||
VimpelCom Holdings BV 7.50%, 3/1/2022 (a)(c) | 200,000 | 208,924 | ||||||
856,999 | ||||||||
PERU — 0.7% | ||||||||
Banco de Credito del Peru: | ||||||||
4.25%, 4/1/2023 (a)(c) | 54,000 | 49,882 | ||||||
4.75%, 3/16/2016 (a) | 50,000 | 52,500 | ||||||
102,382 | ||||||||
SINGAPORE — 0.4% | ||||||||
DBS Bank, Ltd. 2.38%, 9/14/2015 | 50,000 | 51,424 | ||||||
SOUTH AFRICA — 1.3% | ||||||||
AngloGold Ashanti Holdings PLC 5.13%, 8/1/2022 | 100,000 | 86,250 | ||||||
Eskom Holdings SOC, Ltd. 5.75%, 1/26/2021 (a)(b) | 100,000 | 99,250 | ||||||
185,500 | ||||||||
SOUTH KOREA — 4.8% | ||||||||
Hana Bank 4.50%, 10/30/2015 (a) | 100,000 | 105,465 | ||||||
Hyundai Capital Services, Inc. 3.50%, 9/13/2017 (a) | 100,000 | 103,376 | ||||||
Korea Gas Corp. 2.88%, 7/29/2018 (a)(c) | 125,000 | 125,900 | ||||||
Korea National Oil Corp. 3.13%, 4/3/2017 (a) | 150,000 | 154,487 | ||||||
Korea Western Power Co., Ltd. 3.13%, 5/10/2017 (a) | 100,000 | 102,463 | ||||||
POSCO 4.25%, 10/28/2020 (a) | 100,000 | 101,919 | ||||||
693,610 | ||||||||
SPAIN — 2.0% | ||||||||
Cemex Espana Luxembourg 9.88%, 4/30/2019 (a)(c) | 250,000 | 285,625 | ||||||
THAILAND — 0.6% | ||||||||
Bangkok Bank PCL 3.88%, 9/27/2022 (a) | 100,000 | 92,945 | ||||||
See accompanying notes to financial statements.
268
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
TURKEY — 1.9% | ||||||||
Akbank TAS 5.13%, 7/22/2015 (a) | 100,000 | $ | 102,710 | |||||
Turkiye Garanti Bankasi AS 5.25%, 9/13/2022 (a)(c) | 100,000 | 89,350 | ||||||
Yapi ve Kredi Bankasi AS 4.00%, 1/22/2020 (a) | 100,000 | 88,990 | ||||||
281,050 | ||||||||
UNITED ARAB EMIRATES — 3.9% | ||||||||
Abu Dhabi National Energy Co. 5.88%, 12/13/2021 (a) | 250,000 | 277,188 | ||||||
Dolphin Energy, Ltd. 5.89%, 6/15/2019 (a) | 66,460 | 72,541 | ||||||
DP World, Ltd. 6.85%, 7/2/2037 (a)(c) | 100,000 | 98,250 | ||||||
Dubai Electricity & Water Authority 7.38%, 10/21/2020 (a) | 100,000 | 116,500 | ||||||
564,479 | ||||||||
UNITED KINGDOM — 0.7% | ||||||||
Vedanta Resources PLC 8.25%, 6/7/2021 (a)(c) | 100,000 | 100,375 | ||||||
UNITED STATES — 4.4% | ||||||||
Hyundai Capital America 2.13%, 10/2/2017 (a) | 125,000 | 124,146 | ||||||
JBS USA LLC/JBS USA Finance, Inc. 8.25%, 2/1/2020 (a) | 100,000 | 108,500 | ||||||
Reliance Holdings USA, Inc. 4.50%, 10/19/2020 (a) | 150,000 | 148,213 | ||||||
Southern Copper Corp. 6.75%, 4/16/2040 (c) | 100,000 | 96,826 | ||||||
Teva Pharmaceutical Finance Co. BV 2.40%, 11/10/2016 (c) | 100,000 | 102,887 | ||||||
Teva Pharmaceutical Finance Co. LLC 6.15%, 2/1/2036 (c) | 50,000 | 54,767 | ||||||
635,339 | ||||||||
VENEZUELA — 2.3% | ||||||||
Petroleos de Venezuela SA: | ||||||||
8.50%, 11/2/2017 (a) | 200,000 | 166,500 | ||||||
9.00%, 11/17/2021 (a) | 100,000 | 74,250 | ||||||
12.75%, 2/17/2022 (a) | 100,000 | 91,250 | ||||||
332,000 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $14,664,163) | 14,329,062 | |||||||
Shares | ||||||||
SHORT TERM INVESTMENTS — 14.9% | ||||||||
MONEY MARKET FUNDS — 14.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 2,116,232 | 2,116,232 | ||||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 51,619 | 51,619 | ||||||
TOTAL SHORT TERM INVESTMENTS — (g) | ||||||||
(Cost $2,167,851) | 2,167,851 | |||||||
TOTAL INVESTMENTS — 113.4% (h) | ||||||||
(Cost $16,832,014) | 16,496,913 | |||||||
OTHER ASSETS & LIABILITIES — (13.4)% | (1,944,851 | ) | ||||||
NET ASSETS — 100.0% | $ | 14,552,062 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 73.8% of net assets as of December 31, 2013, 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. Securities’ values are determined based on Level 2 inputs. (Note 2) | |||||
(c) | A portion of the security was on loan at December 31, 2013. | |||||
(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) |
PCL = Public Company Limited
PLC = Public Limited Company
ULC = Unlimited Liability Corporation
See accompanying notes to financial statements.
269
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
CORPORATE BONDS & NOTES — 98.2% | ||||||||
AEROSPACE & DEFENSE — 1.9% | ||||||||
Aviation Capital Group Corp. 3.88%, 9/27/2016 (a) | $ | 100,000 | $ | 103,289 | ||||
BAE Systems Holdings, Inc. 6.38%, 6/1/2019 (a) | 50,000 | 57,866 | ||||||
BE Aerospace, Inc. 5.25%, 4/1/2022 (b) | 75,000 | 76,125 | ||||||
Bombardier, Inc. 7.75%, 3/15/2020 (a) | 75,000 | 85,125 | ||||||
Huntington Ingalls Industries, Inc. 7.13%, 3/15/2021 | 50,000 | 54,875 | ||||||
L-3 Communications Corp.: | ||||||||
4.75%, 7/15/2020 | 25,000 | 25,943 | ||||||
5.20%, 10/15/2019 (b) | 25,000 | 27,021 | ||||||
Northrop Grumman Corp.: | ||||||||
3.25%, 8/1/2023 | 25,000 | 23,319 | ||||||
4.75%, 6/1/2043 | 25,000 | 23,692 | ||||||
Triumph Group, Inc. 4.88%, 4/1/2021 | 50,000 | 48,500 | ||||||
525,755 | ||||||||
AIR FREIGHT & LOGISTICS — 0.2% | ||||||||
Penske Truck Leasing Co. Lp/PTL Finance Corp. 2.88%, 7/17/2018 (a) | 50,000 | 50,294 | ||||||
AUTO COMPONENTS — 0.6% | ||||||||
Delphi Corp. 5.00%, 2/15/2023 | 50,000 | 51,437 | ||||||
Johnson Controls, Inc. 5.50%, 1/15/2016 | 50,000 | 54,312 | ||||||
Lear Corp. 8.13%, 3/15/2020 | 50,000 | 55,125 | ||||||
160,874 | ||||||||
AUTOMOBILES — 0.8% | ||||||||
Ford Motor Co. 4.75%, 1/15/2043 | 50,000 | 45,094 | ||||||
General Motors Co. 3.50%, 10/2/2018 (a) | 100,000 | 102,250 | ||||||
Jaguar Land Rover Automotive PLC 5.63%, 2/1/2023 (a)(b) | 75,000 | 75,000 | ||||||
222,344 | ||||||||
BEVERAGES — 1.4% | ||||||||
Constellation Brands, Inc.: | ||||||||
3.75%, 5/1/2021 (b) | 50,000 | 47,000 | ||||||
4.25%, 5/1/2023 (b) | 25,000 | 23,313 | ||||||
6.00%, 5/1/2022 | 50,000 | 53,375 | ||||||
Dr. Pepper Snapple Group, Inc. 6.82%, 5/1/2018 | 50,000 | 59,017 | ||||||
Heineken NV 1.40%, 10/1/2017 (a) | 50,000 | 49,054 | ||||||
Pernod-Ricard SA: | ||||||||
2.95%, 1/15/2017 (a) | 25,000 | 25,818 | ||||||
4.25%, 7/15/2022 (a)(b) | 25,000 | 24,936 | ||||||
5.50%, 1/15/2042 (a) | 25,000 | 25,560 | ||||||
SABMiller Holdings, Inc.: | ||||||||
1.85%, 1/15/2015 (a) | 50,000 | 50,599 | ||||||
3.75%, 1/15/2022 (a) | 25,000 | 25,093 | ||||||
4.95%, 1/15/2042 (a)(b) | 25,000 | 24,831 | ||||||
408,596 | ||||||||
BIOTECHNOLOGY — 0.9% | ||||||||
Amgen, Inc. 3.63%, 5/15/2022 (b) | 150,000 | 148,598 | ||||||
Celgene Corp. 3.25%, 8/15/2022 (b) | 50,000 | 47,338 | ||||||
Gilead Sciences, Inc. 4.50%, 4/1/2021 | 50,000 | 53,252 | ||||||
249,188 | ||||||||
BUILDING MATERIALS — 0.3% | ||||||||
CRH America, Inc. 6.00%, 9/30/2016 | 75,000 | 83,784 | ||||||
BUILDING PRODUCTS — 0.7% | ||||||||
Building Materials Corp. of America 6.75%, 5/1/2021 (a) | 50,000 | 54,125 | ||||||
Lafarge SA 7.13%, 7/15/2036 (c) | 50,000 | 52,125 | ||||||
Masco Corp. 5.95%, 3/15/2022 (b)(c) | 100,000 | 105,750 | ||||||
212,000 | ||||||||
CAPITAL MARKETS — 0.5% | ||||||||
Morgan Stanley 4.88%, 11/1/2022 (b) | 50,000 | 51,183 | ||||||
The Goldman Sachs Group, Inc. 6.75%, 10/1/2037 | 75,000 | 83,441 | ||||||
134,624 | ||||||||
CHEMICALS — 2.2% | ||||||||
Agrium, Inc. 4.90%, 6/1/2043 | 25,000 | 23,150 | ||||||
Ashland, Inc. 4.75%, 8/15/2022 | 75,000 | 71,250 | ||||||
Celanese US Holdings LLC 4.63%, 11/15/2022 (b) | 50,000 | 47,875 | ||||||
CF Industries, Inc.: | ||||||||
3.45%, 6/1/2023 | 25,000 | 22,831 | ||||||
4.95%, 6/1/2043 | 25,000 | 22,753 | ||||||
Eagle Spinco, Inc. 4.63%, 2/15/2021 (a)(b) | 50,000 | 49,000 | ||||||
Eastman Chemical Co. 3.60%, 8/15/2022 (b) | 25,000 | 24,001 | ||||||
Ecolab, Inc. 3.00%, 12/8/2016 | 50,000 | 52,385 | ||||||
LyondellBasell Industries NV 5.00%, 4/15/2019 | 50,000 | 55,531 | ||||||
PolyOne Corp. 7.38%, 9/15/2020 | 25,000 | 27,625 | ||||||
PPG Industries, Inc. 2.70%, 8/15/2022 (b) | 50,000 | 45,624 | ||||||
Rockwood Specialties Group, Inc. 4.63%, 10/15/2020 | 50,000 | 51,062 | ||||||
The Dow Chemical Co. 4.25%, 11/15/2020 (b) | 100,000 | 106,514 | ||||||
Westlake Chemical Corp. 3.60%, 7/15/2022 | 28,000 | 26,524 | ||||||
626,125 | ||||||||
See accompanying notes to financial statements.
270
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
COMMERCIAL BANKS — 4.8% | ||||||||
Barclays Bank PLC: | ||||||||
7.63%, 11/21/2022 (b) | $ | 125,000 | $ | 133,125 | ||||
7.75%, 4/10/2023 | 50,000 | 54,250 | ||||||
BBVA US Senior SAU 4.66%, 10/9/2015 | 75,000 | 78,846 | ||||||
CIT Group, Inc.: | ||||||||
4.25%, 8/15/2017 | 250,000 | 260,312 | ||||||
4.75%, 2/15/2015 (a)(b) | 125,000 | 129,531 | ||||||
5.00%, 8/15/2022 | 50,000 | 48,750 | ||||||
Credit Suisse of New York, NY 5.40%, 1/14/2020 | 50,000 | 55,567 | ||||||
Discover Bank/Greenwood DE 2.00%, 2/21/2018 | 25,000 | 24,554 | ||||||
Eksportfinans ASA 5.50%, 5/25/2016 | 100,000 | 105,500 | ||||||
Fifth Third Bancorp 8.25%, 3/1/2038 | 25,000 | 33,285 | ||||||
Intesa Sanpaolo SpA 3.88%, 1/16/2018 (b) | 50,000 | 51,199 | ||||||
KeyCorp 5.10%, 3/24/2021 (b) | 50,000 | 54,646 | ||||||
Lloyds TSB Bank PLC 6.50%, 9/14/2020 (a)(b) | 100,000 | 113,674 | ||||||
Royal Bank of Scotland Group PLC: | ||||||||
6.00%, 12/19/2023 | 100,000 | 100,712 | ||||||
6.13%, 12/15/2022 | 50,000 | 51,100 | ||||||
SunTrust Banks, Inc. 2.75%, 5/1/2023 | 50,000 | 45,334 | ||||||
1,340,385 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.7% | ||||||||
Clean Harbors, Inc. 5.25%, 8/1/2020 (b) | 50,000 | 51,500 | ||||||
ERAC USA Finance LLC 7.00%, 10/15/2037 (a) | 50,000 | 59,171 | ||||||
FTI Consulting, Inc. 6.75%, 10/1/2020 (b) | 25,000 | 27,000 | ||||||
Republic Services, Inc. 3.55%, 6/1/2022 | 50,000 | 48,212 | ||||||
RR Donnelley & Sons Co. 8.25%, 3/15/2019 | 75,000 | 85,875 | ||||||
The ADT Corp.: | ||||||||
3.50%, 7/15/2022 | 50,000 | 43,523 | ||||||
4.88%, 7/15/2042 | 50,000 | 37,625 | ||||||
The Western Union Co. 2.88%, 12/10/2017 | 50,000 | 50,762 | ||||||
Waste Management, Inc. 6.38%, 3/11/2015 (b) | 75,000 | 79,877 | ||||||
483,545 | ||||||||
COMPUTERS & PERIPHERALS — 1.3% | ||||||||
Fidelity National Information Services, Inc. 5.00%, 3/15/2022 | 50,000 | 51,063 | ||||||
Hewlett-Packard Co.: | ||||||||
2.13%, 9/13/2015 (b) | 100,000 | 101,827 | ||||||
2.60%, 9/15/2017 (b) | 50,000 | 50,802 | ||||||
4.05%, 9/15/2022 (b) | 25,000 | 24,574 | ||||||
6.00%, 9/15/2041 | 25,000 | 25,048 | ||||||
NCR Corp. 5.00%, 7/15/2022 | 50,000 | 47,563 | ||||||
Seagate Technology HDD Holdings 6.80%, 10/1/2016 (b) | 59,000 | 66,670 | ||||||
367,547 | ||||||||
CONSTRUCTION MATERIALS — 0.2% | ||||||||
Vulcan Materials Co. 7.50%, 6/15/2021 (b) | 50,000 | 57,000 | ||||||
CONSUMER FINANCE — 1.4% | ||||||||
SLM Corp.: | ||||||||
5.50%, 1/25/2023 | 75,000 | 70,846 | ||||||
6.00%, 1/25/2017 | 200,000 | 216,500 | ||||||
6.25%, 1/25/2016 | 100,000 | 108,000 | ||||||
395,346 | ||||||||
CONTAINERS & PACKAGING — 0.8% | ||||||||
Ball Corp. 5.00%, 3/15/2022 | 75,000 | 74,250 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. IV 4.50%, 1/15/2023 | 50,000 | 46,750 | ||||||
Owens-Brockway Glass Container, Inc. 7.38%, 5/15/2016 | 50,000 | 56,125 | ||||||
Rock Tenn Co. 4.90%, 3/1/2022 | 50,000 | 51,468 | ||||||
228,593 | ||||||||
DISTRIBUTORS — 0.2% | ||||||||
Glencore Funding LLC 4.13%, 5/30/2023 (a)(b) | 75,000 | 70,089 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 6.3% | ||||||||
Aircastle, Ltd. 6.25%, 12/1/2019 | 60,000 | 64,275 | ||||||
Ally Financial, Inc. 8.00%, 11/1/2031 | 100,000 | 119,625 | ||||||
Bank of America Corp. 5.42%, 3/15/2017 | 100,000 | 109,939 | ||||||
Capital One Financial Corp. 2.15%, 3/23/2015 | 100,000 | 101,658 | ||||||
Citigroup, Inc.: | ||||||||
4.88%, 5/7/2015 | 50,000 | 52,454 | ||||||
6.13%, 8/25/2036 | 50,000 | 53,308 | ||||||
CNH Capital LLC 3.88%, 11/1/2015 (b) | 29,000 | 29,943 | ||||||
Ford Motor Credit Co. LLC: | ||||||||
4.25%, 2/3/2017 (b) | 150,000 | 161,365 | ||||||
5.63%, 9/15/2015 | 75,000 | 80,720 | ||||||
General Motors Financial Co., Inc.: | ||||||||
2.75%, 5/15/2016 (a) | 75,000 | 75,937 | ||||||
4.75%, 8/15/2017 (a)(b) | 50,000 | 53,062 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp. 8.00%, 1/15/2018 (b) | 100,000 | 104,000 | ||||||
International Lease Finance Corp.: | ||||||||
4.88%, 4/1/2015 (b) | 150,000 | 155,250 | ||||||
5.88%, 4/1/2019 | 50,000 | 53,250 | ||||||
5.88%, 8/15/2022 | 75,000 | 74,812 | ||||||
6.50%, 9/1/2014 (a) | 50,000 | 51,688 |
See accompanying notes to financial statements.
271
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Jefferies Group LLC: | ||||||||
5.13%, 1/20/2023 (b) | $ | 25,000 | $ | 25,287 | ||||
6.50%, 1/20/2043 | 25,000 | 24,790 | ||||||
Macquarie Group, Ltd. 7.63%, 8/13/2019 (a) | 50,000 | 59,881 | ||||||
Merrill Lynch & Co., Inc. 7.75%, 5/14/2038 | 50,000 | 64,553 | ||||||
Neuberger Berman Group LLC/Neuberger Berman Finance Corp. 5.63%, 3/15/2020 (a)(b) | 50,000 | 52,500 | ||||||
Nomura Holdings, Inc. 5.00%, 3/4/2015 | 50,000 | 52,234 | ||||||
ORIX Corp. 4.71%, 4/27/2015 | 50,000 | 52,128 | ||||||
The Nasdaq OMX Group, Inc. 5.25%, 1/16/2018 (b) | 25,000 | 27,058 | ||||||
UBS AG of Stamford, CT 7.63%, 8/17/2022 | 50,000 | 57,266 | ||||||
1,756,983 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 7.0% | ||||||||
British Telecommunications PLC 9.63%, 12/15/2030 | 25,000 | 37,306 | ||||||
CC Holdings GS V LLC 3.85%, 4/15/2023 | 50,000 | 46,805 | ||||||
CenturyLink, Inc.: | ||||||||
5.63%, 4/1/2020 | 100,000 | 101,750 | ||||||
5.80%, 3/15/2022 (b) | 100,000 | 98,750 | ||||||
7.65%, 3/15/2042 | 125,000 | 111,562 | ||||||
Deutsche Telekom International Finance BV 2.25%, 3/6/2017 (a) | 100,000 | 101,425 | ||||||
Frontier Communications Corp.: | ||||||||
7.63%, 4/15/2024 (b) | 50,000 | 49,875 | ||||||
8.50%, 4/15/2020 (b) | 125,000 | 140,000 | ||||||
Koninklijke KPN NV 7.00%, 3/28/2073 (a) | 50,000 | 50,684 | ||||||
Sable International Finance, Ltd. 8.75%, 2/1/2020 (a) | 50,000 | 56,250 | ||||||
Softbank Corp. 4.50%, 4/15/2020 (a)(b) | 100,000 | 97,500 | ||||||
Sprint Nextel Corp. 7.00%, 3/1/2020 (a) | 125,000 | 139,375 | ||||||
UPCB Finance VI, Ltd. 6.88%, 1/15/2022 (a) | 75,000 | 79,688 | ||||||
Verizon Communications, Inc.: | ||||||||
2.50%, 9/15/2016 | 100,000 | 103,404 | ||||||
4.50%, 9/15/2020 | 150,000 | 160,585 | ||||||
6.40%, 9/15/2033 | 100,000 | 115,012 | ||||||
6.55%, 9/15/2043 | 100,000 | 116,996 | ||||||
Virgin Media Secured Finance PLC 5.38%, 4/15/2021 (a) | 100,000 | 100,000 | ||||||
Wind Acquisition Finance SA 7.25%, 2/15/2018 (a) | 50,000 | 52,625 | ||||||
Windstream Corp.: | ||||||||
6.38%, 8/1/2023 | 75,000 | 70,125 | ||||||
7.88%, 11/1/2017 (b) | 125,000 | 142,812 | ||||||
1,972,529 | ||||||||
ELECTRIC UTILITIES — 5.5% | ||||||||
Calpine Corp. 7.88%, 1/15/2023 (a)(b) | 132,000 | 144,210 | ||||||
CMS Energy Corp. 4.25%, 9/30/2015 | 25,000 | 26,339 | ||||||
Dominion Resources, Inc. 1.95%, 8/15/2016 (b) | 75,000 | 76,241 | ||||||
DPL, Inc. 7.25%, 10/15/2021 | 50,000 | 50,625 | ||||||
Duke Energy Corp. 3.05%, 8/15/2022 | 100,000 | 94,985 | ||||||
EDP Finance BV 6.00%, 2/2/2018 (a)(b) | 100,000 | 107,225 | ||||||
Enel Finance International NV 6.00%, 10/7/2039 (a)(b) | 50,000 | 47,957 | ||||||
Exelon Generation Co. LLC 6.20%, 10/1/2017 (b) | 75,000 | 84,753 | ||||||
FirstEnergy Corp. 4.25%, 3/15/2023 (b) | 75,000 | 69,912 | ||||||
Iberdrola Finance Ireland, Ltd. 3.80%, 9/11/2014 (a)(b) | 75,000 | 76,505 | ||||||
Kansas City Power & Light Co. 3.15%, 3/15/2023 | 50,000 | 46,367 | ||||||
NextEra Energy Capital Holdings, Inc. 1.20%, 6/1/2015 | 50,000 | 50,256 | ||||||
NV Energy, Inc. 6.25%, 11/15/2020 (b) | 50,000 | 57,976 | ||||||
Oncor Electric Delivery Co. LLC 4.10%, 6/1/2022 (a) | 50,000 | 50,226 | ||||||
Pacific Gas & Electric Co.: | ||||||||
4.45%, 4/15/2042 (b) | 25,000 | 23,450 | ||||||
5.80%, 3/1/2037 | 25,000 | 27,560 | ||||||
PG&E Corp. 5.75%, 4/1/2014 | 50,000 | 50,617 | ||||||
PPL Capital Funding, Inc.: | ||||||||
3.40%, 6/1/2023 | 50,000 | 46,525 | ||||||
4.20%, 6/15/2022 (b) | 40,000 | 39,927 | ||||||
Puget Energy, Inc. 5.63%, 7/15/2022 (b) | 50,000 | 54,375 | ||||||
Southwestern Electric Power Co. 5.55%, 1/15/2017 (b) | 75,000 | 82,388 | ||||||
The AES Corp.: | ||||||||
7.38%, 7/1/2021 | 100,000 | 112,750 | ||||||
8.00%, 10/15/2017 (b) | 50,000 | 58,750 | ||||||
The Toledo Edison Co. 6.15%, 5/15/2037 | 50,000 | 54,977 | ||||||
1,534,896 | ||||||||
ELECTRICAL EQUIPMENT — 0.4% | ||||||||
Agilent Technologies, Inc. 3.88%, 7/15/2023 | 25,000 | 23,695 | ||||||
Jabil Circuit, Inc. 4.70%, 9/15/2022 (b) | 50,000 | 48,000 | ||||||
Roper Industries, Inc. 2.05%, 10/1/2018 | 50,000 | 48,591 | ||||||
120,286 | ||||||||
See accompanying notes to financial statements.
272
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.3% | ||||||||
Avnet, Inc. 6.00%, 9/1/2015 | $ | 25,000 | $ | 26,888 | ||||
Rexel SA 5.25%, 6/15/2020 (a) | 50,000 | 50,250 | ||||||
77,138 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.3% | ||||||||
Nabors Industries, Inc. 4.63%, 9/15/2021 | 50,000 | 50,059 | ||||||
Weatherford International, Ltd./Bermuda 5.95%, 4/15/2042 | 50,000 | 50,097 | ||||||
100,156 | ||||||||
FOOD & STAPLES RETAILING — 0.8% | ||||||||
CVS Caremark Corp.: | ||||||||
2.75%, 12/1/2022 (b) | 25,000 | 23,074 | ||||||
5.75%, 6/1/2017 (b) | 50,000 | 56,706 | ||||||
6.13%, 9/15/2039 (b) | 25,000 | 28,353 | ||||||
Safeway, Inc. 4.75%, 12/1/2021 (b) | 50,000 | 50,208 | ||||||
The Kroger Co. 5.15%, 8/1/2043 (b) | 25,000 | 24,388 | ||||||
Walgreen Co. 1.80%, 9/15/2017 (b) | 50,000 | 50,346 | ||||||
233,075 | ||||||||
FOOD PRODUCTS — 2.2% | ||||||||
Bunge Ltd. Finance Corp. 5.35%, 4/15/2014 | 50,000 | 50,635 | ||||||
ConAgra Foods, Inc.: | ||||||||
3.20%, 1/25/2023 | 25,000 | 23,211 | ||||||
4.65%, 1/25/2043 | 25,000 | 22,968 | ||||||
5.88%, 4/15/2014 | 25,000 | 25,386 | ||||||
General Mills, Inc. 5.70%, 2/15/2017 | 50,000 | 56,067 | ||||||
Hawk Acquisition Sub, Inc. 4.25%, 10/15/2020 (a) | 100,000 | 96,750 | ||||||
Kellogg Co.: | ||||||||
1.13%, 5/15/2015 | 25,000 | 25,170 | ||||||
2.75%, 3/1/2023 | 50,000 | 45,116 | ||||||
Kraft Foods Group, Inc.: | ||||||||
3.50%, 6/6/2022 (b) | 25,000 | 24,365 | ||||||
5.00%, 6/4/2042 (b) | 25,000 | 24,645 | ||||||
6.13%, 8/23/2018 (b) | 50,000 | 58,281 | ||||||
Mondelez International, Inc. 5.38%, 2/10/2020 | 100,000 | 112,939 | ||||||
The Kroger Co. 3.90%, 10/1/2015 | 50,000 | 52,631 | ||||||
618,164 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
AGL Capital Corp. 4.40%, 6/1/2043 | 50,000 | 45,083 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.3% | ||||||||
Boston Scientific Corp. 6.25%, 11/15/2015 | 50,000 | 54,613 | ||||||
Mallinckrodt International Finance SA 4.75%, 4/15/2023 (a) | 25,000 | 23,074 | ||||||
77,687 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 3.9% | ||||||||
Aetna, Inc.: | ||||||||
1.50%, 11/15/2017 | 50,000 | 49,265 | ||||||
2.75%, 11/15/2022 (b) | 25,000 | 23,029 | ||||||
4.13%, 11/15/2042 (b) | 25,000 | 21,866 | ||||||
Aviv Healthcare Properties LP/Aviv Healthcare Capital Corp. 6.00%, 10/15/2021 (a) | 100,000 | 101,750 | ||||||
Cardinal Health, Inc. 1.70%, 3/15/2018 | 25,000 | 24,465 | ||||||
CHS/Community Health Systems, Inc. 5.13%, 8/15/2018 | 50,000 | 51,625 | ||||||
CIGNA Corp. 4.00%, 2/15/2022 (b) | 50,000 | 50,893 | ||||||
Fresenius Medical Care US Finance II, Inc. 5.63%, 7/31/2019 (a) | 100,000 | 108,000 | ||||||
HCA, Inc.: | ||||||||
4.75%, 5/1/2023 (b) | 75,000 | 70,500 | ||||||
7.25%, 9/15/2020 | 150,000 | 163,500 | ||||||
7.88%, 2/15/2020 | 50,000 | 53,688 | ||||||
Humana, Inc. 4.63%, 12/1/2042 (b) | 25,000 | 22,534 | ||||||
McKesson Corp. 4.75%, 3/1/2021 (b) | 25,000 | 26,482 | ||||||
Quest Diagnostics, Inc. 4.70%, 4/1/2021 (b) | 25,000 | 25,638 | ||||||
Tenet Healthcare Corp.: | ||||||||
4.75%, 6/1/2020 | 75,000 | 73,312 | ||||||
6.00%, 10/1/2020 (a) | 100,000 | 104,375 | ||||||
WellPoint, Inc.: | ||||||||
3.13%, 5/15/2022 | 75,000 | 70,341 | ||||||
4.65%, 1/15/2043 | 50,000 | 46,290 | ||||||
1,087,553 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.5% | ||||||||
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Series 1 7.75%, 8/15/2020 (b) | 75,000 | 84,188 | ||||||
Yum! Brands, Inc. 3.88%, 11/1/2020 | 50,000 | 50,655 | ||||||
134,843 | ||||||||
HOUSEHOLD DURABLES — 1.0% | ||||||||
DR Horton, Inc. 4.75%, 2/15/2023 | 50,000 | 47,500 | ||||||
Lennar Corp.: | ||||||||
4.75%, 12/15/2017 | 25,000 | 26,187 | ||||||
4.75%, 11/15/2022 (b) | 50,000 | 46,375 | ||||||
PulteGroup, Inc. 6.38%, 5/15/2033 | 50,000 | 45,250 | ||||||
Toll Brothers Finance Corp. 6.75%, 11/1/2019 | 50,000 | 57,125 | ||||||
Whirlpool Corp. 8.60%, 5/1/2014 | 50,000 | 51,310 | ||||||
273,747 | ||||||||
See accompanying notes to financial statements.
273
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.3% | ||||||||
TransAlta Corp. 4.75%, 1/15/2015 | $ | 75,000 | $ | 77,759 | ||||
INDUSTRIAL CONGLOMERATES — 0.2% | ||||||||
Tyco Electronics Group SA 3.50%, 2/3/2022 | 50,000 | 47,503 | ||||||
INSURANCE — 3.5% | ||||||||
American International Group, Inc.: | ||||||||
3.80%, 3/22/2017 (b) | 100,000 | 106,790 | ||||||
4.88%, 9/15/2016 (b) | 100,000 | 109,833 | ||||||
6.25%, 5/1/2036 | 50,000 | 57,939 | ||||||
Aon PLC 4.45%, 5/24/2043 | 25,000 | 22,208 | ||||||
AXA SA 8.60%, 12/15/2030 | 50,000 | 61,562 | ||||||
Genworth Financial, Inc. 7.20%, 2/15/2021 | 50,000 | 58,061 | ||||||
Hartford Financial Services Group, Inc.: | ||||||||
4.30%, 4/15/2043 (b) | 25,000 | 21,992 | ||||||
5.13%, 4/15/2022 (b) | 25,000 | 27,230 | ||||||
ING US, Inc. 5.50%, 7/15/2022 (b) | 50,000 | 54,375 | ||||||
Liberty Mutual Group, Inc. 4.95%, 5/1/2022 (a) | 75,000 | 77,551 | ||||||
Lincoln National Corp.: | ||||||||
4.20%, 3/15/2022 | 25,000 | 25,476 | ||||||
6.15%, 4/7/2036 | 25,000 | 28,305 | ||||||
MetLife, Inc. 6.40%, 12/15/2036 (b) | 50,000 | 51,375 | ||||||
Nationwide Financial Services, Inc., Series S 5.38%, 3/25/2021 (a) | 50,000 | 53,608 | ||||||
Pacific LifeCorp 6.00%, 2/10/2020 (a) | 50,000 | 55,778 | ||||||
Prudential Financial, Inc. 5.20%, 3/15/2044 (b) | 50,000 | 48,375 | ||||||
XLIT, Ltd. 5.75%, 10/1/2021 | 50,000 | 56,143 | ||||||
Xstrata Finance Canada, Ltd. 4.95%, 11/15/2021 (a)(b) | 75,000 | 75,970 | ||||||
992,571 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.4% | ||||||||
Equinix, Inc. 7.00%, 7/15/2021 | 50,000 | 54,625 | ||||||
VeriSign, Inc. 4.63%, 5/1/2023 | 50,000 | 47,750 | ||||||
102,375 | ||||||||
IT SERVICES — 0.1% | ||||||||
Fiserv, Inc. 3.50%, 10/1/2022 | 25,000 | 23,215 | ||||||
LIFE SCIENCES TOOLS & SERVICES — 0.2% | ||||||||
Thermo Fisher Scientific, Inc.: | ||||||||
3.20%, 3/1/2016 | 25,000 | 26,137 | ||||||
3.60%, 8/15/2021 | 25,000 | 24,776 | ||||||
50,913 | ||||||||
MACHINERY — 1.5% | ||||||||
Case New Holland, Inc. 7.88%, 12/1/2017 | 150,000 | 177,000 | ||||||
Eaton Corp. 2.75%, 11/2/2022 (b) | 75,000 | 69,964 | ||||||
Harsco Corp. 2.70%, 10/15/2015 (b) | 75,000 | 76,134 | ||||||
Ingersoll-Rand Global Holding Co., Ltd. 2.88%, 1/15/2019 (a) | 50,000 | 49,281 | ||||||
SPX Corp. 6.88%, 9/1/2017 | 50,000 | 56,500 | ||||||
428,879 | ||||||||
MEDIA — 8.5% | ||||||||
21st Century Fox America, Inc. 4.50%, 2/15/2021 | 100,000 | 107,187 | ||||||
British Sky Broadcasting Group PLC 3.13%, 11/26/2022 (a)(b) | 75,000 | 69,828 | ||||||
CBS Corp. 3.38%, 3/1/2022 | 75,000 | 71,580 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp.: | ||||||||
5.75%, 9/1/2023 (a)(b) | 75,000 | 71,063 | ||||||
6.63%, 1/31/2022 | 150,000 | 154,500 | ||||||
7.00%, 1/15/2019 | 100,000 | 105,375 | ||||||
COX Communications, Inc. 3.25%, 12/15/2022 (a) | 75,000 | 67,866 | ||||||
CSC Holdings LLC 6.75%, 11/15/2021 | 100,000 | 107,750 | ||||||
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.: | ||||||||
1.75%, 1/15/2018 (b) | 25,000 | 24,524 | ||||||
Series WI 3.80%, 3/15/2022 (b) | 100,000 | 96,064 | ||||||
Discovery Communications LLC 3.30%, 5/15/2022 | 50,000 | 47,340 | ||||||
DISH DBS Corp.: | ||||||||
4.25%, 4/1/2018 (b) | 50,000 | 51,000 | ||||||
5.13%, 5/1/2020 (b) | 75,000 | 75,188 | ||||||
5.88%, 7/15/2022 (b) | 100,000 | 100,000 | ||||||
7.13%, 2/1/2016 | 150,000 | 166,125 | ||||||
Gannett Co, Inc. 9.38%, 11/15/2017 | 50,000 | 52,563 | ||||||
Historic TW, Inc. 6.63%, 5/15/2029 | 100,000 | 114,773 | ||||||
Nielsen Finance LLC/Nielsen Finance Co. 7.75%, 10/15/2018 | 75,000 | 81,000 | ||||||
Omnicom Group, Inc. 6.25%, 7/15/2019 | 50,000 | 57,715 | ||||||
Pearson Funding Five PLC 3.25%, 5/8/2023 (a) | 50,000 | 45,073 | ||||||
Sirius XM Radio, Inc.: | ||||||||
4.63%, 5/15/2023 (a)(b) | 50,000 | 45,250 | ||||||
5.25%, 8/15/2022 (a)(b) | 50,000 | 50,500 | ||||||
Thomson Reuters Corp. 4.30%, 11/23/2023 | 100,000 | 100,430 | ||||||
Time Warner Cable, Inc.: | ||||||||
4.00%, 9/1/2021 (b) | 100,000 | 92,875 | ||||||
4.50%, 9/15/2042 (b) | 100,000 | 75,757 | ||||||
6.75%, 7/1/2018 | 25,000 | 28,036 |
See accompanying notes to financial statements.
274
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Time Warner, Inc.: | ||||||||
4.88%, 3/15/2020 | $ | 50,000 | $ | 54,804 | ||||
6.25%, 3/29/2041 | 25,000 | 27,762 | ||||||
Viacom, Inc.: | ||||||||
1.25%, 2/27/2015 | 100,000 | 100,498 | ||||||
4.38%, 3/15/2043 (b) | 20,000 | 16,887 | ||||||
5.63%, 9/15/2019 (b) | 50,000 | 56,866 | ||||||
Videotron, Ltd. 5.00%, 7/15/2022 (b) | 50,000 | 48,875 | ||||||
WPP Finance 2010 3.63%, 9/7/2022 | 25,000 | 24,111 | ||||||
2,389,165 | ||||||||
METALS & MINING — 5.2% | ||||||||
Alcoa, Inc. 5.87%, 2/23/2022 (b) | 75,000 | 77,412 | ||||||
Anglo American Capital PLC 4.13%, 9/27/2022 (a) | 25,000 | 23,507 | ||||||
ArcelorMittal: | ||||||||
4.25%, 2/25/2015 (b) | 50,000 | 51,375 | ||||||
5.00%, 2/25/2017 (b)(c) | 175,000 | 187,687 | ||||||
5.75%, 8/5/2020 (b) | 100,000 | 106,250 | ||||||
7.50%, 10/15/2039 | 100,000 | 98,250 | ||||||
9.50%, 2/15/2015 | 50,000 | 54,313 | ||||||
Barrick Gold Corp. 3.85%, 4/1/2022 (b) | 100,000 | 90,063 | ||||||
Cliffs Natural Resources, Inc. 3.95%, 1/15/2018 (b) | 50,000 | 50,490 | ||||||
Commercial Metals Co. 4.88%, 5/15/2023 | 100,000 | 93,000 | ||||||
Eldorado Gold Corp. 6.13%, 12/15/2020 (a) | 30,000 | 28,875 | ||||||
FMG Resources August 2006 Pty, Ltd.: | ||||||||
6.00%, 4/1/2017 (a)(b) | 100,000 | 106,250 | ||||||
6.88%, 4/1/2022 (a)(b) | 100,000 | 109,000 | ||||||
Freeport-McMoRan Copper & Gold, Inc.: | ||||||||
3.88%, 3/15/2023 | 25,000 | 23,641 | ||||||
5.45%, 3/15/2043 | 25,000 | 23,926 | ||||||
Newmont Mining Corp.: | ||||||||
3.50%, 3/15/2022 (b) | 25,000 | 21,280 | ||||||
4.88%, 3/15/2042 (b) | 25,000 | 18,511 | ||||||
Steel Dynamics, Inc. 6.13%, 8/15/2019 (b) | 75,000 | 81,187 | ||||||
Teck Resources, Ltd.: | ||||||||
5.20%, 3/1/2042 | 50,000 | 44,130 | ||||||
5.38%, 10/1/2015 (b) | 75,000 | 80,423 | ||||||
United States Steel Corp. 6.05%, 6/1/2017 | 75,000 | 81,000 | ||||||
1,450,570 | ||||||||
MULTI-UTILITIES — 0.5% | ||||||||
MidAmerican Energy Holdings Co. 6.13%, 4/1/2036 | 50,000 | 56,803 | ||||||
Nisource Finance Corp. 3.85%, 2/15/2023 | 50,000 | 48,112 | ||||||
Sempra Energy 2.30%, 4/1/2017 | 50,000 | 50,648 | ||||||
155,563 | ||||||||
MULTILINE RETAIL — 0.2% | ||||||||
Macy’s Retail Holdings, Inc. 3.88%, 1/15/2022 (b) | 50,000 | 49,284 | ||||||
OFFICE ELECTRONICS — 0.2% | ||||||||
Xerox Corp. 4.50%, 5/15/2021 | 50,000 | 51,464 | ||||||
OIL, GAS & CONSUMABLE FUELS — 15.8% | ||||||||
Access Midstream Partners LP/ACMP Finance Corp. 4.88%, 5/15/2023 | 100,000 | 96,500 | ||||||
Anadarko Petroleum Corp. 6.38%, 9/15/2017 (b) | 75,000 | 86,105 | ||||||
Atwood Oceanics, Inc. 6.50%, 2/1/2020 | 75,000 | 80,062 | ||||||
Boardwalk Pipelines LP 3.38%, 2/1/2023 | 25,000 | 22,478 | ||||||
Canadian Natural Resources, Ltd. 5.70%, 5/15/2017 (b) | 25,000 | 28,095 | ||||||
Cenovus Energy, Inc.: | ||||||||
3.00%, 8/15/2022 | 25,000 | 23,443 | ||||||
4.45%, 9/15/2042 | 25,000 | 22,511 | ||||||
CenterPoint Energy Resources Corp. 4.50%, 1/15/2021 | 50,000 | 53,331 | ||||||
Chesapeake Energy Corp.: | ||||||||
5.75%, 3/15/2023 (b)(c) | 50,000 | 51,500 | ||||||
6.63%, 8/15/2020 (b) | 175,000 | 195,562 | ||||||
Cie Generale de Geophysique — Veritas 6.50%, 6/1/2021 (b) | 50,000 | 51,250 | ||||||
Concho Resources, Inc. 5.50%, 4/1/2023 (b) | 100,000 | 103,000 | ||||||
Consol Energy, Inc. 8.00%, 4/1/2017 (b) | 75,000 | 79,031 | ||||||
Continental Resources, Inc.: | ||||||||
4.50%, 4/15/2023 | 75,000 | 76,031 | ||||||
5.00%, 9/15/2022 | 50,000 | 51,938 | ||||||
DCP Midstream LLC 5.85%, 5/21/2043 (a)(c) | 50,000 | 46,500 | ||||||
Denbury Resources, Inc. 8.25%, 2/15/2020 | 100,000 | 110,125 | ||||||
Devon Energy Corp. 3.25%, 5/15/2022 (b) | 75,000 | 71,516 | ||||||
El Paso LLC 7.75%, 1/15/2032 (b) | 100,000 | 101,505 | ||||||
El Paso Natural Gas Co. 5.95%, 4/15/2017 | 25,000 | 27,797 | ||||||
El Paso Pipeline Partners Operating Co. LLC 4.70%, 11/1/2042 | 25,000 | 21,402 | ||||||
Enbridge Energy Partners LP 5.20%, 3/15/2020 (b) | 50,000 | 53,672 | ||||||
Encana Corp. 5.90%, 12/1/2017 (b) | 75,000 | 85,114 | ||||||
Energy Transfer Equity LP 7.50%, 10/15/2020 | 50,000 | 56,125 | ||||||
Energy Transfer Partners LP: | ||||||||
6.50%, 2/1/2042 | 50,000 | 53,738 | ||||||
8.50%, 4/15/2014 | 25,000 | 25,526 | ||||||
Enterprise Products Operating LLC: | ||||||||
4.85%, 3/15/2044 (b) | 50,000 | 47,020 |
See accompanying notes to financial statements.
275
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
5.20%, 9/1/2020 (b) | $ | 100,000 | $ | 111,238 | ||||
Hess Corp. 8.13%, 2/15/2019 (b) | 50,000 | 62,106 | ||||||
Husky Energy, Inc. 3.95%, 4/15/2022 | 50,000 | 49,352 | ||||||
Kinder Morgan Energy Partners LP 5.00%, 3/1/2043 | 50,000 | 46,148 | ||||||
Kinder Morgan Finance Co. LLC 6.00%, 1/15/2018 (a) | 50,000 | 54,789 | ||||||
Marathon Oil Corp. 2.80%, 11/1/2022 (b) | 50,000 | 46,080 | ||||||
Marathon Petroleum Corp. 6.50%, 3/1/2041 (b) | 25,000 | 28,493 | ||||||
MarkWest Energy Partners LP/MarkWest Energy Finance Corp.: | ||||||||
4.50%, 7/15/2023 (b)(c) | 50,000 | 46,875 | ||||||
5.50%, 2/15/2023 (b) | 50,000 | 50,375 | ||||||
MEG Energy Corp. 6.38%, 1/30/2023 (a) | 50,000 | 50,313 | ||||||
Newfield Exploration Co. 7.13%, 5/15/2018 (b) | 75,000 | 77,887 | ||||||
Noble Energy, Inc. 4.15%, 12/15/2021 (b) | 25,000 | 25,706 | ||||||
Noble Holding International, Ltd. 3.95%, 3/15/2022 (b) | 50,000 | 48,881 | ||||||
NuStar Logistics LP 4.80%, 9/1/2020 | 50,000 | 47,118 | ||||||
ONEOK Partners LP: | ||||||||
2.00%, 10/1/2017 (b) | 25,000 | 24,878 | ||||||
3.38%, 10/1/2022 (b) | 25,000 | 23,370 | ||||||
Peabody Energy Corp.: | ||||||||
6.00%, 11/15/2018 (b) | 100,000 | 106,500 | ||||||
6.25%, 11/15/2021 | 50,000 | 50,500 | ||||||
Phillips 66 4.30%, 4/1/2022 | 50,000 | 50,811 | ||||||
Pioneer Natural Resources Co. 6.65%, 3/15/2017 | 25,000 | 28,505 | ||||||
Plains All American Pipeline LP/PAA Finance Corp.: | ||||||||
3.65%, 6/1/2022 (b) | 25,000 | 24,562 | ||||||
5.15%, 6/1/2042 | 50,000 | 49,301 | ||||||
Plains Exploration & Production Co. 6.50%, 11/15/2020 | 100,000 | 110,438 | ||||||
Pride International, Inc. 6.88%, 8/15/2020 | 50,000 | 59,869 | ||||||
QEP Resources, Inc. 5.25%, 5/1/2023 (b) | 50,000 | 46,875 | ||||||
Range Resources Corp. 5.00%, 8/15/2022 | 50,000 | 49,125 | ||||||
Regency Energy Partners LP/Regency Energy Finance Corp. 5.50%, 4/15/2023 | 50,000 | 48,750 | ||||||
Rockies Express Pipeline LLC 6.85%, 7/15/2018 (a)(c) | 100,000 | 97,250 | ||||||
Sabine Pass Liquefaction LLC: | ||||||||
5.63%, 2/1/2021 (a)(b) | 100,000 | 97,750 | ||||||
5.63%, 4/15/2023 (a)(b) | 50,000 | 46,750 | ||||||
Sabine Pass LNG LP 6.50%, 11/1/2020 | 100,000 | 103,750 | ||||||
SESI LLC 7.13%, 12/15/2021 (c) | 75,000 | 83,625 | ||||||
SM Energy Co. 6.50%, 1/1/2023 | 50,000 | 52,438 | ||||||
Suncor Energy, Inc. 6.10%, 6/1/2018 | 75,000 | 86,697 | ||||||
Talisman Energy, Inc. 5.50%, 5/15/2042 (b) | 25,000 | 23,547 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp.: | ||||||||
4.25%, 11/15/2023 (a)(b) | 50,000 | 44,750 | ||||||
5.25%, 5/1/2023 | 50,000 | 48,438 | ||||||
Tennessee Gas Pipeline Co. 7.00%, 3/15/2027 | 50,000 | 58,746 | ||||||
Tesoro Corp. 9.75%, 6/1/2019 | 50,000 | 54,125 | ||||||
Texas Eastern Transmission LP 2.80%, 10/15/2022 (a) | 50,000 | 44,710 | ||||||
Transocean, Inc.: | ||||||||
2.50%, 10/15/2017 | 50,000 | 50,530 | ||||||
6.80%, 3/15/2038 (b) | 50,000 | 55,651 | ||||||
Valero Energy Corp. 6.13%, 2/1/2020 | 50,000 | 57,111 | ||||||
Western Gas Partners LP 4.00%, 7/1/2022 | 50,000 | 47,721 | ||||||
Whiting Petroleum Corp. 5.00%, 3/15/2019 (c) | 100,000 | 102,250 | ||||||
Williams Partners LP 5.25%, 3/15/2020 (b) | 75,000 | 82,011 | ||||||
WPX Energy, Inc. 6.00%, 1/15/2022 | 50,000 | 50,000 | ||||||
4,427,572 | ||||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||||
International Paper Co. 7.95%, 6/15/2018 | 50,000 | 60,735 | ||||||
PERSONAL PRODUCTS — 0.1% | ||||||||
Avon Products, Inc. 6.95%, 3/15/2043 (b) | 25,000 | 24,106 | ||||||
PHARMACEUTICALS — 1.1% | ||||||||
Express Scripts Holding Co. 2.65%, 2/15/2017 | 100,000 | 103,067 | ||||||
Hospira, Inc. 5.60%, 9/15/2040 | 50,000 | 45,711 | ||||||
McKesson Corp. 6.50%, 2/15/2014 | 50,000 | 50,342 | ||||||
Mylan, Inc. 7.88%, 7/15/2020 (a) | 25,000 | 28,289 | ||||||
Watson Pharmaceuticals, Inc. 3.25%, 10/1/2022 | 50,000 | 46,636 | ||||||
Zoetis, Inc. 4.70%, 2/1/2043 | 25,000 | 23,366 | ||||||
297,411 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.6% | ||||||||
American Tower Corp. 3.50%, 1/31/2023 | 50,000 | 45,587 | ||||||
BioMed Realty LP 4.25%, 7/15/2022 (b) | 50,000 | 48,005 |
See accompanying notes to financial statements.
276
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Principal | ||||||||
Security Description | Amount | Value | ||||||
Boston Properties LP 3.85%, 2/1/2023 | $ | 50,000 | $ | 48,853 | ||||
Duke Realty LP: | ||||||||
7.38%, 2/15/2015 | 50,000 | 53,481 | ||||||
8.25%, 8/15/2019 | 25,000 | 30,954 | ||||||
EPR Properties 5.75%, 8/15/2022 | 50,000 | 50,978 | ||||||
ERP Operating LP 5.38%, 8/1/2016 | 50,000 | 55,129 | ||||||
HCP, Inc. 5.38%, 2/1/2021 | 50,000 | 54,429 | ||||||
Health Care REIT, Inc. 4.13%, 4/1/2019 | 50,000 | 52,648 | ||||||
Host Hotels & Resorts LP 5.88%, 6/15/2019 | 75,000 | 81,394 | ||||||
Liberty Property LP 6.63%, 10/1/2017 | 25,000 | 28,628 | ||||||
ProLogis LP 6.63%, 5/15/2018 | 23,000 | 26,863 | ||||||
Ventas Realty LP/Ventas Capital Corp.: | ||||||||
2.70%, 4/1/2020 | 50,000 | 47,810 | ||||||
3.25%, 8/15/2022 | 25,000 | 23,162 | ||||||
Weyerhaeuser Co. 7.38%, 10/1/2019 | 75,000 | 90,929 | ||||||
738,850 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.2% | ||||||||
CBRE Services, Inc. 5.00%, 3/15/2023 (b) | 75,000 | 72,094 | ||||||
ROAD & RAIL — 1.0% | ||||||||
Burlington Northern Santa Fe LLC 3.45%, 9/15/2021 (b) | 100,000 | 98,758 | ||||||
Canadian Pacific Railway, Ltd. 4.50%, 1/15/2022 (b) | 25,000 | 26,016 | ||||||
CSX Corp. 4.40%, 3/1/2043 (b) | 50,000 | 44,404 | ||||||
Norfolk Southern Corp. 3.25%, 12/1/2021 | 75,000 | 72,673 | ||||||
Ryder System, Inc. 5.85%, 3/1/2014 | 50,000 | 50,427 | ||||||
292,278 | ||||||||
SEMICONDUCTORS — 0.2% | ||||||||
Sensata Technologies BV 4.88%, 10/15/2023 (a) | 50,000 | 47,000 | ||||||
SOFTWARE — 0.4% | ||||||||
Audatex North America, Inc. 6.00%, 6/15/2021 (a)(b) | 100,000 | 104,750 | ||||||
SPECIALTY RETAIL — 2.1% | ||||||||
AmeriGas Partners LP/AmeriGas Finance Corp. 6.25%, 8/20/2019 (b) | 75,000 | 80,625 | ||||||
AutoZone, Inc. 3.13%, 7/15/2023 (b) | 50,000 | 45,276 | ||||||
Best Buy Co., Inc.: | ||||||||
3.75%, 3/15/2016 | 75,000 | 77,812 | ||||||
5.00%, 8/1/2018 (b) | 50,000 | 52,375 | ||||||
L Brands, Inc. 5.63%, 2/15/2022 | 150,000 | 153,375 | ||||||
QVC, Inc. 4.38%, 3/15/2023 | 75,000 | 70,121 | ||||||
Sally Holdings LLC/Sally Capital, Inc. 5.75%, 6/1/2022 | 75,000 | 78,000 | ||||||
Suburban Propane Partners LP/Suburban Energy Finance Corp.: | ||||||||
7.38%, 8/1/2021 (b) | 18,000 | 19,620 | ||||||
7.50%, 10/1/2018 | 25,000 | 26,813 | ||||||
604,017 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.4% | ||||||||
Hanesbrands, Inc. 6.38%, 12/15/2020 | 50,000 | 54,625 | ||||||
PVH Corp.: | ||||||||
4.50%, 12/15/2022 (b) | 25,000 | 23,688 | ||||||
7.38%, 5/15/2020 (b) | 25,000 | 27,531 | ||||||
105,844 | ||||||||
THRIFTS & MORTGAGE FINANCE — 0.4% | ||||||||
Amsouth Bank 5.20%, 4/1/2015 (c) | 100,000 | 104,750 | ||||||
TOBACCO — 0.8% | ||||||||
Altria Group, Inc.: | ||||||||
2.85%, 8/9/2022 (b) | 75,000 | 69,054 | ||||||
9.70%, 11/10/2018 | 26,000 | 34,174 | ||||||
Lorillard Tobacco Co. 3.75%, 5/20/2023 (b) | 75,000 | 68,278 | ||||||
Reynolds American, Inc. 3.25%, 11/1/2022 | 50,000 | 46,086 | ||||||
217,592 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.1% | ||||||||
United Rentals North America, Inc. 5.75%, 7/15/2018 (b) | 25,000 | 26,719 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 3.4% | ||||||||
Embarq Corp. 7.08%, 6/1/2016 (b) | 50,000 | 55,870 | ||||||
MetroPCS Wireless, Inc.: | ||||||||
6.25%, 4/1/2021 (a) | 175,000 | 181,562 | ||||||
6.63%, 4/1/2023 (a) | 75,000 | 77,438 | ||||||
Orange SA 8.75%, 3/1/2031 (b) | 50,000 | 69,034 | ||||||
Rogers Communications, Inc. 6.80%, 8/15/2018 | 50,000 | 59,592 | ||||||
T-Mobile USA, Inc. 6.46%, 4/28/2019 | 100,000 | 106,250 | ||||||
Telecom Italia Capital SA: | ||||||||
7.18%, 6/18/2019 (b) | 75,000 | 84,187 | ||||||
7.20%, 7/18/2036 | 100,000 | 96,250 | ||||||
Telefonica Emisiones SAU: | ||||||||
3.99%, 2/16/2016 (b) | 100,000 | 105,040 | ||||||
4.95%, 1/15/2015 (b) | 50,000 | 51,978 | ||||||
7.05%, 6/20/2036 | 50,000 | 55,117 | ||||||
942,318 | ||||||||
TOTAL CORPORATE BONDS & NOTES — | ||||||||
(Cost $27,648,138) | 27,533,526 | |||||||
See accompanying notes to financial statements.
277
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
December 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
SHORT TERM INVESTMENTS — 19.1% | ||||||||
MONEY MARKET FUNDS — 19.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 5,213,468 | $ | 5,213,468 | |||||
State Street Institutional Liquid Reserves Fund 0.06% (e)(f) | 128,820 | 128,820 | ||||||
TOTAL SHORT TERM INVESTMENTS — (g) | ||||||||
(Cost $5,342,288) | 5,342,288 | |||||||
TOTAL INVESTMENTS — 117.3% (h) | ||||||||
(Cost $32,990,426) | 32,875,814 | |||||||
OTHER ASSETS & LIABILITIES — (17.3)% | (4,853,748 | ) | ||||||
NET ASSETS — 100.0% | $ | 28,022,066 | ||||||
(a) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 17.5% of net assets as of December 31, 2013, 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, 2013. | |||||
(c) | 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) | |||||
(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
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
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279
SPDR SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES
STATEMENTS OF ASSETS AND LIABILITIES
December 31, 2013 (Unaudited)
SPDR Barclays | ||||||||||||||||||||||||||||||||||||||||
SPDR Barclays | SPDR Barclays | SPDR Barclays | Issuer | |||||||||||||||||||||||||||||||||||||
1-3 | SPDR Barclays | Intermediate | SPDR Barclays | SPDR Barclays | Intermediate | SPDR Barclays | Scored | |||||||||||||||||||||||||||||||||
Month | SPDR Barclays | SPDR Barclays | Short Term Treasury | Term Treasury | Long Term Treasury | Short Term Corporate | Term Corporate | Long Term Corporate | Corporate | |||||||||||||||||||||||||||||||
T-Bill ETF | TIPS ETF | 1-10 Year TIPS ETF | ETF | ETF | ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 1,164,580,984 | $ | 574,134,994 | $ | 9,579,418 | $ | 20,836,876 | $ | 166,323,151 | $ | 35,548,350 | $ | 2,886,226,432 | $ | 428,036,093 | $ | 80,319,576 | $ | 27,245,593 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 831,804 | 19,837,111 | 1,868,725 | 1,664,606 | 16,055,826 | 4,912,425 | 89,171,923 | 16,473,098 | 4,443,316 | 3,501,810 | ||||||||||||||||||||||||||||||
Total Investments | 1,165,412,788 | 593,972,105 | 11,448,143 | 22,501,482 | 182,378,977 | 40,460,775 | 2,975,398,355 | 444,509,191 | 84,762,892 | 30,747,403 | ||||||||||||||||||||||||||||||
Cash | — | — | — | 54 | — | — | 91,313 | 6,125 | — | — | ||||||||||||||||||||||||||||||
Receivable for investments sold | 496,704,192 | 9,583,776 | 228,217 | — | 76,123,590 | 794,597 | 3,112,647 | 52,914 | 98,900 | — | ||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | — | 11,742,334 | — | 1,132 | — | — | — | ||||||||||||||||||||||||||||||
Interest receivable — unaffiliated issuers | 15,151 | 2,795,890 | 37,392 | 77,497 | 662,301 | 380,406 | 25,112,953 | 4,581,264 | 1,140,259 | 318,187 | ||||||||||||||||||||||||||||||
Interest receivable — affiliated issuers | 51 | 28 | — | 4 | 37 | 3 | 619 | 97 | 40 | 26 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 1,662,132,182 | 606,351,799 | 11,713,752 | 22,579,037 | 270,907,239 | 41,635,781 | 3,003,717,019 | 449,149,591 | 86,002,091 | 31,065,616 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | — | 19,539,431 | 1,854,253 | 1,007,259 | 12,428,498 | 4,810,693 | 63,371,445 | 14,304,978 | 4,110,885 | 3,005,483 | ||||||||||||||||||||||||||||||
Payable for investments purchased | 590,763,945 | 9,523,760 | 222,706 | 596,183 | 92,740,680 | 782,356 | 4,902,779 | 149,989 | — | — | ||||||||||||||||||||||||||||||
Distributions payable | — | — | 10,407 | 10,063 | 293,910 | 94,161 | 8,322,489 | 1,948,878 | 336,739 | 147,575 | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 126,443 | 91,720 | 1,232 | 2,141 | 18,012 | 4,330 | 311,410 | 54,227 | 10,616 | 3,814 | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 905 | 425 | 7 | 13 | 111 | 34 | 2,053 | 284 | 58 | 21 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 590,891,293 | 29,155,336 | 2,088,605 | 1,615,659 | 105,481,211 | 5,691,574 | 76,910,176 | 16,458,356 | 4,458,298 | 3,156,893 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 1,071,240,889 | $ | 577,196,463 | $ | 9,625,147 | $ | 20,963,378 | $ | 165,426,028 | $ | 35,944,207 | $ | 2,926,806,843 | $ | 432,691,235 | $ | 81,543,793 | $ | 27,908,723 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 1,071,823,282 | $ | 596,553,953 | $ | 10,002,665 | $ | 20,993,809 | $ | 166,474,489 | $ | 44,588,220 | $ | 2,917,440,752 | $ | 430,827,148 | $ | 87,646,943 | $ | 28,263,514 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (595,931 | ) | (292,608 | ) | (37,009 | ) | (3,978 | ) | (143,226 | ) | (85,809 | ) | (1,675,767 | ) | (675,721 | ) | (171,503 | ) | (21,606 | ) | ||||||||||||||||||||
Accumulated net realized gain (loss) on investments | 10,043 | (4,583,273 | ) | (30,682 | ) | 3,059 | 86,660 | (2,058,429 | ) | 1,182,965 | 190,591 | (1,473,939 | ) | (217,379 | ) | |||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 3,495 | (14,481,609 | ) | (309,827 | ) | (29,512 | ) | (991,895 | ) | (6,499,775 | ) | 9,858,893 | 2,349,217 | (4,457,708 | ) | (115,806 | ) | |||||||||||||||||||||||
NET ASSETS | $ | 1,071,240,889 | $ | 577,196,463 | $ | 9,625,147 | $ | 20,963,378 | $ | 165,426,028 | $ | 35,944,207 | $ | 2,926,806,843 | $ | 432,691,235 | $ | 81,543,793 | $ | 27,908,723 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 45.78 | $ | 54.45 | $ | 19.25 | $ | 29.95 | $ | 59.08 | $ | 59.91 | $ | 30.65 | $ | 33.54 | $ | 37.07 | $ | 31.01 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 23,400,461 | 10,600,225 | 500,000 | 700,000 | 2,800,168 | 600,000 | 95,500,000 | 12,900,072 | 2,200,000 | 900,000 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 1,164,577,489 | $ | 588,616,603 | $ | 9,889,245 | $ | 20,866,388 | $ | 167,315,046 | $ | 42,048,125 | $ | 2,876,367,539 | $ | 425,686,876 | $ | 84,777,284 | $ | 27,361,399 | ||||||||||||||||||||
Affiliated issuers | 831,804 | 19,837,111 | 1,868,725 | 1,664,606 | 16,055,826 | 4,912,425 | 89,171,923 | 16,473,098 | 4,443,316 | 3,501,810 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 1,165,409,293 | $ | 608,453,714 | $ | 11,757,970 | $ | 22,530,994 | $ | 183,370,872 | $ | 46,960,550 | $ | 2,965,539,462 | $ | 442,159,974 | $ | 89,220,600 | $ | 30,863,209 | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | — | $ | 19,155,115 | $ | 1,814,258 | $ | 987,003 | $ | 12,172,564 | $ | 4,708,011 | $ | 62,038,646 | $ | 13,991,311 | $ | 4,120,300 | $ | 2,938,452 | ||||||||||||||||||||
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, 2013 (Unaudited)
SPDR | SPDR | SPDR | ||||||||||||||||||||||||||||||||||||||
SPDR | SPDR | Nuveen | Nuveen | Nuveen | SPDR | SPDR | ||||||||||||||||||||||||||||||||||
SPDR | Barclays | SPDR | Nuveen | Barclays | Barclays | Barclays | SPDR | Nuveen S&P | Nuveen | |||||||||||||||||||||||||||||||
Barclays | Mortgage | Barclays | Barclays | California | New York | Short Term | Nuveen | High Yield | Barclays | |||||||||||||||||||||||||||||||
Convertible | Backed | Aggregate | Municipal | Municipal | Municipal | Municipal | S&P VRDO | Municipal | Build | |||||||||||||||||||||||||||||||
Securities | Bond | Bond | Bond | Bond | Bond | Bond | Municipal | Bond | America | |||||||||||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | Bond ETF | ETF | Bond ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 2,009,023,070 | $ | 111,322,228 | $ | 658,020,863 | $ | 901,790,876 | $ | 78,808,152 | $ | 24,506,310 | $ | 2,083,390,124 | $ | 8,595,000 | $ | 174,415,172 | $ | 42,915,854 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 225,123,685 | 93,703,353 | 134,672,388 | 2,328,740 | 265,454 | 30,259 | 8,593,383 | 5,775 | 2,708,070 | 245,773 | ||||||||||||||||||||||||||||||
Total Investments | 2,234,146,755 | 205,025,581 | 792,693,251 | 904,119,616 | 79,073,606 | 24,536,569 | 2,091,983,507 | 8,600,775 | 177,123,242 | 43,161,627 | ||||||||||||||||||||||||||||||
Cash | 76,754 | — | — | — | — | — | — | 400,030 | — | — | ||||||||||||||||||||||||||||||
Receivable for investments sold | 4,588,363 | — | 701,082 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Receivable for fund shares sold | 27,823,306 | — | — | — | — | — | 48,497,590 | — | — | — | ||||||||||||||||||||||||||||||
Dividends receivable | 2,648,056 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Interest receivable — unaffiliated issuers | 6,302,850 | 208,038 | 4,231,319 | 10,935,835 | 967,079 | 268,832 | 26,966,382 | 1,006 | 2,462,788 | 651,668 | ||||||||||||||||||||||||||||||
Interest receivable — affiliated issuers | 461 | 6,398 | 6,878 | — | — | — | — | — | — | 17 | ||||||||||||||||||||||||||||||
Due from Investment Adviser | — | — | 30,311 | 57,451 | — | — | — | — | 8,071 | — | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 2,275,586,545 | 205,240,017 | 797,662,841 | 915,112,902 | 80,040,685 | 24,805,401 | 2,167,447,479 | 9,001,811 | 179,594,101 | 43,813,312 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 220,219,063 | — | 30,225,494 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Payable for investments purchased | 15,942,866 | 93,054,563 | 101,371,374 | 187,132 | — | — | 26,761,946 | — | — | — | ||||||||||||||||||||||||||||||
Payable for when issued/delayed securities | — | — | — | — | — | — | — | — | 2,962,470 | — | ||||||||||||||||||||||||||||||
Distributions payable | 20,631,829 | 314,143 | 1,321,226 | 7,631,906 | 2,288,027 | 718,370 | 1,519,141 | — | 750,774 | 169,170 | ||||||||||||||||||||||||||||||
Deferred income for dollar rolls | — | 76,364 | 74,077 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 664,569 | 19,043 | 104,530 | 233,800 | 13,779 | 4,444 | 353,953 | 1,530 | 74,976 | 13,142 | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 1,112 | 64 | 458 | 659 | 58 | 19 | 1,364 | 7 | 130 | 38 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 257,459,439 | 93,464,177 | 133,097,159 | 8,053,497 | 2,301,864 | 722,833 | 28,636,404 | 1,537 | 3,788,350 | 182,350 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 2,018,127,106 | $ | 111,775,840 | $ | 664,565,682 | $ | 907,059,405 | $ | 77,738,821 | $ | 24,082,568 | $ | 2,138,811,075 | $ | 9,000,274 | $ | 175,805,751 | $ | 43,630,962 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 1,825,039,425 | $ | 112,615,755 | $ | 672,306,600 | $ | 927,256,993 | $ | 79,262,290 | $ | 24,752,563 | $ | 2,124,364,042 | $ | 9,003,815 | $ | 188,705,043 | $ | 48,209,309 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (29,136,893 | ) | (152,150 | ) | (1,097,417 | ) | (1,203,704 | ) | (77,797 | ) | (16,055 | ) | (1,426,512 | ) | (3,541 | ) | 433,643 | (53,287 | ) | |||||||||||||||||||||
Accumulated net realized gain (loss) on investments | (11,855,007 | ) | (80,224 | ) | (2,829,645 | ) | (6,010,188 | ) | (431,712 | ) | (136,475 | ) | 2,044,240 | — | (1,157,745 | ) | (987,039 | ) | ||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 234,079,581 | (607,541 | ) | (3,813,856 | ) | (12,983,696 | ) | (1,013,960 | ) | (517,465 | ) | 13,829,305 | — | (12,175,190 | ) | (3,538,021 | ) | |||||||||||||||||||||||
NET ASSETS | $ | 2,018,127,106 | $ | 111,775,840 | $ | 664,565,682 | $ | 907,059,405 | $ | 77,738,821 | $ | 24,082,568 | $ | 2,138,811,075 | $ | 9,000,274 | $ | 175,805,751 | $ | 43,630,962 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 46.61 | $ | 26.61 | $ | 56.32 | $ | 22.62 | $ | 22.21 | $ | 21.89 | $ | 24.25 | $ | 30.00 | $ | 51.71 | $ | 54.54 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 43,300,000 | 4,200,000 | 11,800,132 | 40,102,072 | 3,500,128 | 1,100,010 | 88,202,164 | 300,000 | 3,400,000 | 800,000 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 1,774,943,489 | $ | 111,929,769 | $ | 661,834,719 | $ | 914,774,572 | $ | 79,822,112 | $ | 25,023,775 | $ | 2,069,560,819 | $ | 8,595,000 | $ | 186,590,362 | $ | 46,453,875 | ||||||||||||||||||||
Affiliated issuers | 225,123,685 | 93,703,353 | 134,672,388 | 2,328,740 | 265,454 | 30,259 | 8,593,383 | 5,775 | 2,708,070 | 245,773 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 2,000,067,174 | $ | 205,633,122 | $ | 796,507,107 | $ | 917,103,312 | $ | 80,087,566 | $ | 25,054,034 | $ | 2,078,154,202 | $ | 8,600,775 | $ | 189,298,432 | $ | 46,699,648 | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 216,284,499 | $ | — | $ | 29,815,567 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
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, 2013 (Unaudited)
SPDR | SPDR | |||||||||||||||||||||||||||||||||||||||
SPDR DB | Barclays | BofA | SPDR | |||||||||||||||||||||||||||||||||||||
International | Short | SPDR | SPDR | SPDR | SPDR | SPDR | SPDR | Merrill | BofA | |||||||||||||||||||||||||||||||
Government | Term | Barclays | Barclays | Barclays | Barclays | Barclays | Barclays | Lynch | Merrill | |||||||||||||||||||||||||||||||
Inflation- | International | International | International | Emerging | High | Short Term | Investment | Emerging | Lynch | |||||||||||||||||||||||||||||||
Protected | Treasury | Treasury | Corporate | Markets | Yield | High Yield | Grade | Markets | Crossover | |||||||||||||||||||||||||||||||
Bond | Bond | Bond | Bond | Local Bond | Bond | Bond | Floating | Corporate | Corporate | |||||||||||||||||||||||||||||||
ETF | ETF | ETF | ETF | ETF | ETF | ETF | Rate ETF | Bond ETF | Bond ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 944,681,135 | $ | 231,347,016 | $ | 1,998,229,770 | $ | 223,879,972 | $ | 174,637,209 | $ | 9,738,970,435 | $ | 2,938,526,339 | $ | 351,682,117 | $ | 14,329,062 | $ | 27,533,526 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 5,915,812 | 270,210 | 617,438 | 2,438,333 | 519,207 | 92,978,300 | 73,675,985 | 20,598,216 | 2,167,851 | 5,342,288 | ||||||||||||||||||||||||||||||
Total Investments | 950,596,947 | 231,617,226 | 1,998,847,208 | 226,318,305 | 175,156,416 | 9,831,948,735 | 3,012,202,324 | 372,280,333 | 16,496,913 | 32,875,814 | ||||||||||||||||||||||||||||||
Cash | — | — | — | — | — | 822,332 | 99,825 | — | — | — | ||||||||||||||||||||||||||||||
Foreign currency, at value | 125,505 | 9,366,865 | 37,562,095 | 1,735,791 | 1,490,615 | — | — | — | — | — | ||||||||||||||||||||||||||||||
Receivable for investments sold | 3,987,023 | 4,709,694 | 16,957,132 | — | 711,857 | 20,903,730 | 4,584,830 | 100,093 | 326,960 | 491,369 | ||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | 5,770,102 | — | 8,838,669 | 20,198,629 | 18,412,108 | 3,056,337 | — | — | ||||||||||||||||||||||||||||||
Receivable for foreign currency contracts sold | 8,539,046 | 3,767,722 | 31,000,201 | 500,000 | 4,081,899 | — | — | — | — | — | ||||||||||||||||||||||||||||||
Unrealized appreciation on forward currency contracts | — | — | — | 32,091 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Interest receivable — unaffiliated issuers | 5,936,660 | 1,962,838 | 21,893,396 | 4,912,025 | 3,052,737 | 167,097,025 | 50,506,438 | 353,284 | 221,275 | 398,078 | ||||||||||||||||||||||||||||||
Interest receivable — affiliated issuers | 220 | 8 | 55 | 10 | 28 | 4,890 | 4,776 | 124 | 10 | 11 | ||||||||||||||||||||||||||||||
Due from Investment Adviser | — | — | — | — | — | — | — | — | — | 2,474 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 969,185,401 | 251,424,353 | 2,112,030,189 | 233,498,222 | 193,332,221 | 10,040,975,341 | 3,085,810,301 | 375,790,171 | 17,045,158 | 33,767,746 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | — | — | — | 2,299,590 | 8,500 | — | — | 17,814,763 | 2,116,232 | 5,213,468 | ||||||||||||||||||||||||||||||
Payable for investments purchased | 4,905,352 | 7,853,628 | 35,831,623 | — | 6,264,571 | 23,973,023 | 23,687,136 | 3,206,569 | 152,762 | 327,873 | ||||||||||||||||||||||||||||||
Unrealized depreciation on forward currency contracts | — | — | — | 95,974 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Payable for foreign currency contracts purchased | 8,502,366 | 3,763,950 | 30,960,571 | 500,000 | 3,893,241 | — | — | — | — | — | ||||||||||||||||||||||||||||||
Distributions payable | 2,882,422 | 207,285 | 3,789,951 | 592,912 | 479,528 | 48,541,974 | 12,648,701 | 149,765 | 217,836 | 194,752 | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 415,952 | 71,115 | 864,334 | 105,240 | 68,325 | 3,343,101 | 1,009,997 | 44,918 | 6,256 | 9,568 | ||||||||||||||||||||||||||||||
Deferred foreign taxes payable | 1,927 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 742 | 160 | 1,339 | 135 | 98 | 6,472 | 1,575 | 186 | 10 | 19 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 16,708,761 | 11,896,138 | 71,447,818 | 3,593,851 | 10,714,263 | 75,864,570 | 37,347,409 | 21,216,201 | 2,493,096 | 5,745,680 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 952,476,640 | $ | 239,528,215 | $ | 2,040,582,371 | $ | 229,904,371 | $ | 182,617,958 | $ | 9,965,110,771 | $ | 3,048,462,892 | $ | 354,573,970 | $ | 14,552,062 | $ | 28,022,066 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 940,535,166 | $ | 244,373,509 | $ | 2,058,270,334 | $ | 220,181,985 | $ | 191,229,761 | $ | 9,984,587,881 | $ | 3,028,523,507 | $ | 353,858,319 | $ | 15,056,183 | $ | 28,184,775 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (4,029,408 | ) | (668,328 | ) | (3,509,195 | ) | (79,575 | ) | (2,283 | ) | (44,421,037 | ) | (7,373,347 | ) | (85,896 | ) | (162,324 | ) | (144,904 | ) | ||||||||||||||||||||
Accumulated net realized gain (loss) on investments, foreign currency transactions and forward foreign currency contracts | (12,192,198 | ) | (2,056,790 | ) | (3,599,570 | ) | (114,746 | ) | (1,769,735 | ) | (14,308,095 | ) | 234,395 | 9,234 | (6,696 | ) | 96,807 | |||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments (net of deferred foreign taxes of $1,927, $0, $0, $0, $0, $0, $0, $0, $0, $0, respectively) | 28,127,079 | (2,140,919 | ) | (10,776,358 | ) | 9,832,563 | (6,804,687 | ) | 39,252,022 | 27,078,337 | 792,313 | (335,101 | ) | (114,612 | ) | |||||||||||||||||||||||||
Foreign currency | 36,001 | 20,743 | 197,160 | 84,144 | (35,098 | ) | — | — | — | — | — | |||||||||||||||||||||||||||||
NET ASSETS | $ | 952,476,640 | $ | 239,528,215 | $ | 2,040,582,371 | $ | 229,904,371 | $ | 182,617,958 | $ | 9,965,110,771 | $ | 3,048,462,892 | $ | 354,573,970 | $ | 14,552,062 | $ | 28,022,066 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 58.79 | $ | 35.75 | $ | 57.64 | $ | 36.49 | $ | 29.45 | $ | 40.42 | $ | 30.70 | $ | 30.57 | $ | 29.10 | $ | 25.47 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 16,200,483 | 6,700,000 | 35,400,019 | 6,300,000 | 6,200,000 | 246,523,812 | 99,300,000 | 11,600,000 | 500,000 | 1,100,000 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 916,552,129 | $ | 233,487,935 | $ | 2,009,006,128 | $ | 214,047,409 | $ | 181,441,896 | $ | 9,699,718,413 | $ | 2,911,448,002 | $ | 350,889,804 | $ | 14,664,163 | $ | 27,648,138 | ||||||||||||||||||||
Affiliated issuers | 5,915,812 | 270,210 | 617,438 | 2,438,333 | 519,207 | 92,978,300 | 73,675,985 | 20,598,216 | 2,167,851 | 5,342,288 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 922,467,941 | $ | 233,758,145 | $ | 2,009,623,566 | $ | 216,485,742 | $ | 181,961,103 | $ | 9,792,696,713 | $ | 2,985,123,987 | $ | 371,488,020 | $ | 16,832,014 | $ | 32,990,426 | ||||||||||||||||||||
Foreign currency, at cost | $ | 125,117 | $ | 9,384,228 | $ | 37,744,200 | $ | 1,722,617 | $ | 1,498,024 | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | — | $ | — | $ | — | $ | 2,269,119 | $ | 8,101 | $ | — | $ | — | $ | 17,446,140 | $ | 2,070,772 | $ | 5,104,585 | ||||||||||||||||||||
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SPDR SERIES TRUST
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS
For the Six Months Ended December 31, 2013 (Unaudited)
SPDR Barclays | ||||||||||||||||||||||||||||||||||||||||
SPDR Barclays | SPDR Barclays | SPDR Barclays | Issuer | |||||||||||||||||||||||||||||||||||||
1-3 | SPDR Barclays | Intermediate | SPDR Barclays | SPDR Barclays | Intermediate | SPDR Barclays | Scored | |||||||||||||||||||||||||||||||||
Month | SPDR Barclays | SPDR Barclays | Short Term Treasury | Term Treasury | Long Term Treasury | Short Term Corporate | Term Corporate | Long Term Corporate | Corporate | |||||||||||||||||||||||||||||||
T-Bill ETF | TIPS ETF | 1-10 Year TIPS ETF | ETF | ETF | ETF | Bond ETF | Bond ETF | Bond ETF | Bond ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Interest income on securities of unaffiliated issuers* (Note 2)* | $ | 189,720 | $ | 3,169,739 | $ | 12,375 | $ | 59,362 | $ | 1,164,203 | $ | 769,705 | $ | 19,692,334 | $ | 6,036,068 | $ | 2,175,492 | $ | 556,347 | ||||||||||||||||||||
Interest income on securities of affiliated issuers (Note 3) | 247 | 284 | 7 | 44 | 274 | 75 | 5,653 | 1,334 | 186 | 106 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 134,274 | 29,444 | 225 | 676 | 10,954 | 3,908 | 87,775 | 13,730 | 2,456 | 622 | ||||||||||||||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 324,241 | 3,199,467 | 12,607 | 60,082 | 1,175,431 | 773,688 | 19,785,762 | 6,051,132 | 2,178,134 | 557,075 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 904,511 | 580,183 | 8,005 | 11,143 | 110,897 | 33,897 | 1,896,074 | 315,352 | 65,124 | 24,525 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 15,661 | 6,332 | 121 | 173 | 1,781 | 530 | 33,840 | 4,310 | 871 | 347 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | — | — | — | — | 56 | — | 27 | — | — | — | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 920,172 | 586,515 | 8,126 | 11,316 | 112,734 | 34,427 | 1,929,941 | 319,662 | 65,995 | 24,872 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) | (595,931 | ) | 2,612,952 | 4,481 | 48,766 | 1,062,697 | 739,261 | 17,855,821 | 5,731,470 | 2,112,139 | 532,203 | |||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | (116,587 | ) | 1,417,359 | (85,800 | ) | 20,348 | 2,496,475 | (3,480,652 | ) | 6,606,036 | 1,404,069 | (1,523,055 | ) | (217,194 | ) | |||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | (12,795 | ) | (13,459,079 | ) | 10,908 | (2,620 | ) | (3,685,519 | ) | 188,581 | 13,382,001 | 571,669 | 764,031 | 145,694 | ||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | (129,382 | ) | (12,041,720 | ) | (74,892 | ) | 17,728 | (1,189,044 | ) | (3,292,071 | ) | 19,988,037 | 1,975,738 | (759,024 | ) | (71,500 | ) | |||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | (725,313 | ) | $ | (9,428,768 | ) | $ | (70,411 | ) | $ | 66,494 | $ | (126,347 | ) | $ | (2,552,810 | ) | $ | 37,843,858 | $ | 7,707,208 | $ | 1,353,115 | $ | 460,703 | |||||||||||||||
* | 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, 2013 (Unaudited)
SPDR | SPDR | SPDR | SPDR | |||||||||||||||||||||||||||||||||||||
SPDR | Nuveen | Nuveen | Nuveen | SPDR | SPDR | Nuveen | ||||||||||||||||||||||||||||||||||
SPDR | SPDR | SPDR | Nuveen | Barclays | Barclays | Barclays | Nuveen | Nuveen S&P | Barclays | |||||||||||||||||||||||||||||||
Barclays | Barclays | Barclays | Barclays | California | New York | Short Term | S&P VRDO | High Yield | Build | |||||||||||||||||||||||||||||||
Convertible | Mortgage | Aggregate | Municipal | Municipal | Municipal | Municipal | Municipal | Municipal | America | |||||||||||||||||||||||||||||||
Securities | Backed | Bond | Bond | Bond | Bond | Bond | Bond | Bond | Bond | |||||||||||||||||||||||||||||||
ETF | Bond ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Interest income on securities of unaffiliated issuers* (Note 2) | $ | (10,539,963 | ) | $ | 661,141 | $ | 7,945,181 | $ | 14,061,450 | $ | 1,252,860 | $ | 413,809 | $ | 11,326,523 | $ | 7,519 | $ | 5,905,598 | $ | 1,409,281 | |||||||||||||||||||
Interest income on securities of affiliated issuers (Note 3) | 5,201 | 32,428 | 44,043 | — | — | — | — | — | — | 98 | ||||||||||||||||||||||||||||||
Dividend income (Note 2) | 13,926,183 | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 302,746 | — | 32,009 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 3,694,167 | 693,569 | 8,021,233 | 14,061,450 | 1,252,860 | 413,809 | 11,326,523 | 7,519 | 5,905,598 | 1,409,379 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 3,295,306 | 94,387 | 626,731 | 1,467,285 | 85,946 | 28,683 | 2,022,669 | 10,885 | 484,080 | 98,452 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 15,089 | 653 | 6,978 | 10,110 | 923 | 312 | 20,676 | 135 | 2,198 | 617 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | — | — | — | — | — | — | 2,546 | 40 | 23 | — | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 3,310,395 | 95,040 | 633,709 | 1,477,395 | 86,869 | 28,995 | 2,045,891 | 11,060 | 486,301 | 99,069 | ||||||||||||||||||||||||||||||
Expenses waived by Adviser (Note 3) | — | — | (176,824 | ) | (352,476 | ) | — | — | — | — | (50,629 | ) | — | |||||||||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) | 383,772 | 598,529 | 7,564,348 | 12,936,531 | 1,165,991 | 384,814 | 9,280,632 | (3,541 | ) | 5,469,926 | 1,310,310 | |||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 44,027,529 | 262,546 | (1,474,816 | ) | (3,604,490 | ) | (735,006 | ) | (282,715 | ) | 2,652,711 | — | (4,187,295 | ) | (1,138,769 | ) | ||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 135,750,838 | (205,934 | ) | (2,945,572 | ) | (6,832,679 | ) | 116,882 | (17,819 | ) | 16,397,326 | — | (7,123,567 | ) | (410,542 | ) | ||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | 179,778,367 | 56,612 | (4,420,388 | ) | (10,437,169 | ) | (618,124 | ) | (300,534 | ) | 19,050,037 | — | (11,310,862 | ) | (1,549,311 | ) | ||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | 180,162,139 | $ | 655,141 | $ | 3,143,960 | $ | 2,499,362 | $ | 547,867 | $ | 84,280 | $ | 28,330,669 | $ | (3,541 | ) | $ | (5,840,936 | ) | $ | (239,001 | ) | |||||||||||||||||
* | 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, 2013 (Unaudited)
SPDR DB | SPDR | SPDR | SPDR | SPDR | ||||||||||||||||||||||||||||||||||||
International | Barclays | SPDR | SPDR | SPDR | Barclays | Barclays | BofA Merrill | SPDR | ||||||||||||||||||||||||||||||||
Government | Short Term | Barclays | Barclays | Barclays | SPDR | Short Term | Investment | Lynch | BofA Merrill | |||||||||||||||||||||||||||||||
Inflation- | International | International | International | Emerging | Barclays | High | Grade | Emerging | Lynch | |||||||||||||||||||||||||||||||
Protected | Treasury | Treasury | Corporate | Markets | High Yield | Yield | Floating | Markets | Crossover | |||||||||||||||||||||||||||||||
Bond | Bond | Bond | Bond | Local | Bond | Bond | Rate | Corporate | Corporate | |||||||||||||||||||||||||||||||
ETF | ETF | ETF | ETF | Bond ETF | ETF | ETF | ETF | Bond ETF | Bond ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Interest income on securities of unaffiliated issuers* (Note 2) | $ | 18,610,686 | $ | 1,475,374 | $ | 26,245,559 | $ | 2,435,094 | $ | 4,091,676 | $ | 304,393,020 | $ | 65,070,838 | $ | 871,338 | $ | 368,896 | $ | 594,766 | ||||||||||||||||||||
Interest income on securities of affiliated issuers (Note 3) | 1,499 | 150 | 409 | 51 | 196 | 23,521 | 11,973 | 1,287 | 47 | 115 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | — | — | 1,115 | 2,363 | 29 | — | — | 11,509 | 2,434 | 5,711 | ||||||||||||||||||||||||||||||
Foreign taxes withheld | (84,153 | ) | (24,152 | ) | — | (1,702 | ) | (126,596 | ) | — | — | (194 | ) | — | — | |||||||||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 18,528,032 | 1,451,372 | 26,247,083 | 2,435,806 | 3,965,305 | 304,416,541 | 65,082,811 | 883,940 | 371,377 | 600,592 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 2,748,756 | 412,826 | 4,957,877 | 550,324 | 363,015 | 19,191,020 | 4,657,396 | 204,468 | 37,086 | 55,784 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 11,365 | 2,226 | 19,316 | 1,980 | 1,222 | 90,898 | 20,441 | 1,738 | 147 | 296 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | — | — | — | — | 605 | 98 | — | — | — | — | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 2,760,121 | 415,052 | 4,977,193 | 552,304 | 364,842 | 19,282,016 | 4,677,837 | 206,206 | 37,233 | 56,080 | ||||||||||||||||||||||||||||||
Expenses waived by Adviser (Note 3) | — | — | — | — | — | — | — | — | — | (14,097 | ) | |||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 15,767,911 | 1,036,320 | 21,269,890 | 1,883,502 | 3,600,463 | 285,134,525 | 60,404,974 | 677,734 | 334,144 | 558,609 | ||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 259,663 | (1,870,248 | ) | (1,451,451 | ) | 650,425 | (1,252,363 | ) | 27,350,839 | 1,010,323 | 15,272 | (168,998 | ) | (2,814 | ) | |||||||||||||||||||||||||
Foreign currency transactions | 379,532 | (72,429 | ) | (299,713 | ) | 87,492 | (160,093 | ) | — | 426 | — | — | — | |||||||||||||||||||||||||||
Forward foreign currency contracts | — | — | — | (19,808 | ) | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers (net of deferred foreign taxes of $1,927, $0, $0, $0, $0, $0, $0, $0, $0, $0, respectively) | 21,594,779 | 7,518,246 | 43,608,295 | 11,604,041 | (1,446,315 | ) | 231,394,570 | 52,544,063 | 746,026 | 236,335 | 356,212 | |||||||||||||||||||||||||||||
Foreign currency transactions | 284,403 | 193,713 | 1,366,242 | 197,885 | 76,634 | — | — | — | — | — | ||||||||||||||||||||||||||||||
Forward foreign currency contracts | — | — | — | (98,406 | ) | — | — | — | — | — | — | |||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | 22,518,377 | 5,769,282 | 43,223,373 | 12,421,629 | (2,782,137 | ) | 258,745,409 | 53,554,812 | 761,298 | 67,337 | 353,398 | |||||||||||||||||||||||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 38,286,288 | $ | 6,805,602 | $ | 64,493,263 | $ | 14,305,131 | $ | 818,326 | $ | 543,879,934 | $ | 113,959,786 | $ | 1,439,032 | $ | 401,481 | $ | 912,007 | ||||||||||||||||||||
* | 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 | SPDR Barclays | SPDR Barclays 1-10 | SPDR Barclays | SPDR Barclays Intermediate | ||||||||||||||||||||||||||||||||||||
Month T-Bill ETF | TIPS ETF | Year TIPS ETF | Short Term Treasury ETF | Term Treasury ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | For the Period | Six Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | 5/29/13*- | 12/31/13 | Year Ended | 12/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | (595,931 | ) | $ | (574,971 | ) | $ | 2,612,952 | $ | 7,491,032 | $ | 4,481 | $ | (17,617 | ) | $ | 48,766 | $ | 17,121 | $ | 1,062,697 | $ | 2,619,585 | |||||||||||||||||
Net realized gain (loss) on investments | (116,587 | ) | 93,019 | 1,417,359 | 14,865,788 | (85,800 | ) | (1,920 | ) | 20,348 | 18,099 | 2,496,475 | 2,581,952 | |||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | (12,795 | ) | 1,250 | (13,459,079 | ) | (60,634,406 | ) | 10,908 | (320,735 | ) | (2,620 | ) | (43,973 | ) | (3,685,519 | ) | (6,376,910 | ) | ||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (725,313 | ) | (480,702 | ) | (9,428,768 | ) | (38,277,586 | ) | (70,411 | ) | (340,272 | ) | 66,494 | (8,753 | ) | (126,347 | ) | (1,175,373 | ) | |||||||||||||||||||||
Net equalization credits and charges (Note 2) | 906,342 | (236,624 | ) | (13,329 | ) | 171,847 | (489 | ) | (1,228 | ) | 3,887 | 553 | (17,441 | ) | (21,896 | ) | ||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | — | — | (3,397,940 | ) | (10,338,505 | ) | (25,337 | ) | — | (54,687 | ) | (17,536 | ) | (1,249,379 | ) | (2,652,428 | ) | |||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | — | (127,746 | ) | (799,563 | ) | ||||||||||||||||||||||||||||
Total distributions to shareholders | — | — | (3,397,940 | ) | (10,338,505 | ) | (25,337 | ) | — | (54,687 | ) | (17,536 | ) | (1,377,125 | ) | (3,451,991 | ) | |||||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 494,508,354 | 1,749,807,793 | 16,643,966 | 96,127,877 | 1,954,692 | 11,971,863 | 17,965,371 | 3,012,147 | 118,384,169 | 12,035,683 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (1,002,643,458 | ) | (1,708,738,207 | ) | (77,753,777 | ) | (129,363,279 | ) | (3,865,388 | ) | — | (3,003,313 | ) | (3,015,784 | ) | (124,466,770 | ) | (30,612,894 | ) | |||||||||||||||||||||
Net income equalization (Note 2) | (906,342 | ) | 236,624 | 13,329 | (171,847 | ) | 489 | 1,228 | (3,887 | ) | (553 | ) | 17,441 | 21,896 | ||||||||||||||||||||||||||
Other capital (Note 4) | — | — | — | — | — | — | — | — | 235 | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (509,041,446 | ) | 41,306,210 | (61,096,482 | ) | (33,407,249 | ) | (1,910,207 | ) | 11,973,091 | 14,958,171 | (4,190 | ) | (6,064,925 | ) | (18,555,315 | ) | |||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (508,860,417 | ) | 40,588,884 | (73,936,519 | ) | (81,851,493 | ) | (2,006,444 | ) | 11,631,591 | 14,973,865 | (29,926 | ) | (7,585,838 | ) | (23,204,575 | ) | |||||||||||||||||||||||
Net assets at beginning of period | 1,580,101,306 | 1,539,512,422 | 651,132,982 | 732,984,475 | 11,631,591 | — | 5,989,513 | 6,019,439 | 173,011,866 | 196,216,441 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 1,071,240,889 | $ | 1,580,101,306 | $ | 577,196,463 | $ | 651,132,982 | $ | 9,625,147 | $ | 11,631,591 | $ | 20,963,378 | $ | 5,989,513 | $ | 165,426,028 | $ | 173,011,866 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 10,800,000 | 38,200,000 | 300,000 | 1,600,000 | 100,000 | 600,000 | 600,000 | 100,000 | 2,000,000 | 200,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (21,900,000 | ) | (37,300,000 | ) | (1,400,000 | ) | (2,200,000 | ) | (200,000 | ) | — | (100,000 | ) | (100,000 | ) | (2,100,000 | ) | (500,000 | ) | |||||||||||||||||||||
Net increase (decrease) | (11,100,000 | ) | 900,000 | (1,100,000 | ) | (600,000 | ) | (100,000 | ) | 600,000 | 500,000 | — | (100,000 | ) | (300,000 | ) | ||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (595,931 | ) | $ | — | $ | (292,608 | ) | $ | 492,380 | $ | (37,009 | ) | $ | (16,153 | ) | $ | (3,978 | ) | $ | 1,943 | $ | (143,226 | ) | $ | 43,456 | ||||||||||||||
* | 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 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 | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 739,261 | $ | 1,394,936 | $ | 17,855,821 | $ | 22,359,132 | $ | 5,731,470 | $ | 10,105,732 | $ | 2,112,139 | $ | 5,363,381 | $ | 532,203 | $ | 1,020,460 | ||||||||||||||||||||
Net realized gain (loss) on investments | (3,480,652 | ) | 611,977 | 6,606,036 | 4,429,883 | 1,404,069 | 1,777,901 | (1,523,055 | ) | 3,740,462 | (217,194 | ) | 118,578 | |||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 188,581 | (9,686,705 | ) | 13,382,001 | (3,050,487 | ) | 571,669 | (8,365,851 | ) | 764,031 | (11,175,785 | ) | 145,694 | (1,155,062 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (2,552,810 | ) | (7,679,792 | ) | 37,843,858 | 23,738,528 | 7,707,208 | 3,517,782 | 1,353,115 | (2,071,942 | ) | 460,703 | (16,024 | ) | ||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (24,444 | ) | (9,613 | ) | 46,182 | 1,083,216 | 29,877 | 158,873 | (22,847 | ) | 31,086 | (4,689 | ) | 26,174 | ||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (846,698 | ) | (1,385,168 | ) | (20,866,328 | ) | (21,910,394 | ) | (6,688,890 | ) | (10,090,627 | ) | (2,484,876 | ) | (5,346,001 | ) | (626,880 | ) | (1,008,703 | ) | ||||||||||||||||||||
Net realized gains | — | — | (5,494,878 | ) | (1,495,862 | ) | (971,375 | ) | (676,058 | ) | — | (417,976 | ) | (67,805 | ) | (89,607 | ) | |||||||||||||||||||||||
Total distributions to shareholders | (846,698 | ) | (1,385,168 | ) | (26,361,206 | ) | (23,406,256 | ) | (7,660,265 | ) | (10,766,685 | ) | (2,484,876 | ) | (5,763,977 | ) | (694,685 | ) | (1,098,310 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 6,237,130 | 127,080,513 | 526,845,975 | 1,833,689,644 | 90,966,183 | 141,820,987 | 14,906,516 | 85,345,639 | — | 12,966,104 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (24,801,842 | ) | (124,951,127 | ) | (551,615,380 | ) | — | (57,366,578 | ) | (16,981,306 | ) | (29,490,191 | ) | (68,730,920 | ) | (6,222,284 | ) | — | ||||||||||||||||||||||
Net income equalization (Note 2) | 24,444 | 9,613 | (46,182 | ) | (1,083,216 | ) | (29,877 | ) | (158,873 | ) | 22,847 | (31,086 | ) | 4,689 | (26,174 | ) | ||||||||||||||||||||||||
Other capital (Note 4) | — | — | 29,789 | 609,624 | 4,092 | 162,296 | 1,085 | 645,618 | 24,889 | 71,314 | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (18,540,268 | ) | 2,138,999 | (24,785,798 | ) | 1,833,216,052 | 33,573,820 | 124,843,104 | (14,559,743 | ) | 17,229,251 | (6,192,706 | ) | 13,011,244 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (21,964,220 | ) | (6,935,574 | ) | (13,256,964 | ) | 1,834,631,540 | 33,650,640 | 117,753,074 | (15,714,351 | ) | 9,424,418 | (6,431,377 | ) | 11,923,084 | |||||||||||||||||||||||||
Net assets at beginning of period | 57,908,427 | 64,844,001 | 2,940,063,807 | 1,105,432,267 | 399,040,595 | 281,287,521 | 97,258,144 | 87,833,726 | 34,340,100 | 22,417,016 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 35,944,207 | $ | 57,908,427 | $ | 2,926,806,843 | $ | 2,940,063,807 | $ | 432,691,235 | $ | 399,040,595 | $ | 81,543,793 | $ | 97,258,144 | $ | 27,908,723 | $ | 34,340,100 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 100,000 | 1,800,000 | 17,200,000 | 59,900,000 | 2,700,000 | 4,100,000 | 400,000 | 2,100,000 | — | 400,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (400,000 | ) | (1,800,000 | ) | (18,000,000 | ) | — | (1,700,000 | ) | (500,000 | ) | (800,000 | ) | (1,700,000 | ) | (200,000 | ) | — | ||||||||||||||||||||||
Net increase (decrease) | (300,000 | ) | — | (800,000 | ) | 59,900,000 | 1,000,000 | 3,600,000 | (400,000 | ) | 400,000 | (200,000 | ) | 400,000 | ||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (85,809 | ) | $ | 21,628 | $ | (1,675,767 | ) | $ | 1,334,740 | $ | (675,721 | ) | $ | 281,699 | $ | (171,503 | ) | $ | 201,234 | $ | (21,606 | ) | $ | 73,071 | |||||||||||||||
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 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 | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 383,772 | $ | (4,550,862 | ) | $ | 598,529 | $ | 155,227 | $ | 7,564,348 | $ | 10,717,489 | $ | 12,936,531 | $ | 32,672,558 | $ | 1,165,991 | $ | 2,922,071 | |||||||||||||||||||
Net realized gain (loss) on investments | 44,027,529 | 26,165,718 | 262,546 | (104,365 | ) | (1,474,816 | ) | 330,133 | (3,604,490 | ) | 24,538,256 | (735,006 | ) | 3,370,702 | ||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 135,750,838 | 124,134,495 | (205,934 | ) | (455,670 | ) | (2,945,572 | ) | (18,674,265 | ) | (6,832,679 | ) | (71,079,038 | ) | 116,882 | (7,641,015 | ) | |||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 180,162,139 | 145,749,351 | 655,141 | (404,808 | ) | 3,143,960 | (7,626,643 | ) | 2,499,362 | (13,868,224 | ) | 547,867 | (1,348,242 | ) | ||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 5,474,920 | 7,404,806 | 24,108 | (1,301 | ) | 10,027 | 36,688 | (127,539 | ) | 6,324 | (24,799 | ) | 29,089 | |||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (42,584,455 | ) | (37,958,963 | ) | (741,610 | ) | (168,448 | ) | (8,625,199 | ) | (10,568,927 | ) | (15,100,351 | ) | (32,677,132 | ) | (1,370,323 | ) | (2,885,921 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | (628,923 | ) | — | (3,313,336 | ) | (5,674,604 | ) | (13,923,826 | ) | (2,109,629 | ) | (2,219,662 | ) | ||||||||||||||||||||||||
Total distributions to shareholders | (42,584,455 | ) | (37,958,963 | ) | (741,610 | ) | (797,371 | ) | (8,625,199 | ) | (13,882,263 | ) | (20,774,955 | ) | (46,600,958 | ) | (3,479,952 | ) | (5,105,583 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 655,058,043 | 388,904,627 | 90,524,518 | 16,419,476 | 90,317,150 | 105,362,471 | 36,743,995 | 241,983,448 | 2,301,989 | 27,062,610 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | (55,121,525 | ) | (2,659,344 | ) | (30,035,591 | ) | (90,226,665 | ) | (11,564,443 | ) | (195,547,955 | ) | (233,647,898 | ) | (22,570,505 | ) | (4,877,035 | ) | |||||||||||||||||||||
Net income equalization (Note 2) | (5,474,920 | ) | (7,404,806 | ) | (24,108 | ) | 1,301 | (10,027 | ) | (36,688 | ) | 127,539 | (6,324 | ) | 24,799 | (29,089 | ) | |||||||||||||||||||||||
Other capital (Note 4) | 232,064 | 105,488 | 46,592 | 23,228 | 127,511 | 104,868 | 9,733 | 666,493 | 1,151 | 13,240 | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 649,815,187 | 326,483,784 | 87,887,658 | (13,591,586 | ) | 207,969 | 93,866,208 | (158,666,688 | ) | 8,995,719 | (20,242,566 | ) | 22,169,726 | |||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 792,867,791 | 441,678,978 | 87,825,297 | (14,795,066 | ) | (5,263,243 | ) | 72,393,990 | (177,069,820 | ) | (51,467,139 | ) | (23,199,450 | ) | 15,744,990 | |||||||||||||||||||||||||
Net assets at beginning of period | 1,225,259,315 | 783,580,337 | 23,950,543 | 38,745,609 | 669,828,925 | 597,434,935 | 1,084,129,225 | 1,135,596,364 | 100,938,271 | 85,193,281 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 2,018,127,106 | $ | 1,225,259,315 | $ | 111,775,840 | $ | 23,950,543 | $ | 664,565,682 | $ | 669,828,925 | $ | 907,059,405 | $ | 1,084,129,225 | $ | 77,738,821 | $ | 100,938,271 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 14,500,000 | 9,400,000 | 3,400,000 | 600,000 | 1,600,000 | 1,800,000 | 1,600,000 | 9,900,000 | 100,000 | 1,100,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | (1,400,000 | ) | (100,000 | ) | (1,100,000 | ) | (1,600,000 | ) | (200,000 | ) | (8,600,000 | ) | (9,800,000 | ) | (1,000,000 | ) | (200,000 | ) | |||||||||||||||||||||
Net increase (decrease) | 14,500,000 | 8,000,000 | 3,300,000 | (500,000 | ) | — | 1,600,000 | (7,000,000 | ) | 100,000 | (900,000 | ) | 900,000 | |||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (29,136,893 | ) | $ | 13,063,790 | $ | (152,150 | ) | $ | (9,069 | ) | $ | (1,097,417 | ) | $ | (36,566 | ) | $ | (1,203,704 | ) | $ | 960,116 | $ | (77,797 | ) | $ | 126,535 | |||||||||||||
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 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 | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 384,814 | $ | 870,669 | $ | 9,280,632 | $ | 18,251,051 | $ | (3,541 | ) | $ | 10,885 | $ | 5,469,926 | $ | 8,973,847 | $ | 1,310,310 | $ | 4,605,401 | |||||||||||||||||||
Net realized gain (loss) on investments | (282,715 | ) | 717,536 | 2,652,711 | 4,467,399 | — | — | (4,187,295 | ) | (673,544 | ) | (1,138,769 | ) | 3,695,125 | ||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | (17,819 | ) | (2,034,022 | ) | 16,397,326 | (30,470,049 | ) | — | — | (7,123,567 | ) | (10,334,158 | ) | (410,542 | ) | (9,841,679 | ) | |||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 84,280 | (445,817 | ) | 28,330,669 | (7,751,599 | ) | (3,541 | ) | 10,885 | (5,840,936 | ) | (2,033,855 | ) | (239,001 | ) | (1,541,153 | ) | |||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (9,608 | ) | 5,972 | 70,581 | 144,188 | 623 | (91 | ) | (71,918 | ) | 216,228 | (78,580 | ) | (54,964 | ) | |||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (447,217 | ) | (875,320 | ) | (10,958,469 | ) | (18,398,627 | ) | — | (13,006 | ) | (5,620,326 | ) | (8,279,766 | ) | (1,540,349 | ) | (4,589,174 | ) | |||||||||||||||||||||
Net realized gains | (661,510 | ) | (215,588 | ) | — | (3,057,836 | ) | — | — | — | (258,139 | ) | — | — | ||||||||||||||||||||||||||
Total distributions to shareholders | (1,108,727 | ) | (1,090,908 | ) | (10,958,469 | ) | (21,456,463 | ) | — | (13,006 | ) | (5,620,326 | ) | (8,537,905 | ) | (1,540,349 | ) | (4,589,174 | ) | |||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | 4,828,640 | 239,648,793 | 543,125,394 | — | 3,001,108 | 10,534,982 | 139,339,945 | — | 36,808,741 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (6,742,302 | ) | — | (45,745,055 | ) | (126,074,404 | ) | (6,001,628 | ) | (3,001,199 | ) | (41,959,690 | ) | (5,405,842 | ) | (33,085,265 | ) | (54,453,186 | ) | |||||||||||||||||||||
Net income equalization (Note 2) | 9,608 | (5,972 | ) | (70,581 | ) | (144,188 | ) | (623 | ) | 91 | 71,918 | (216,228 | ) | 78,580 | 54,964 | |||||||||||||||||||||||||
Other capital (Note 4) | — | 397 | 69,874 | 317,915 | — | — | 5,262 | 41,192 | 2,337 | 190,332 | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (6,732,694 | ) | 4,823,065 | 193,903,031 | 417,224,717 | (6,002,251 | ) | — | (31,347,528 | ) | 133,759,067 | (33,004,348 | ) | (17,399,149 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (7,766,749 | ) | 3,292,312 | 211,345,812 | 388,160,843 | (6,005,169 | ) | (2,212 | ) | (42,880,708 | ) | 123,403,535 | (34,862,278 | ) | (23,584,440 | ) | ||||||||||||||||||||||||
Net assets at beginning of period | 31,849,317 | 28,557,005 | 1,927,465,263 | 1,539,304,420 | 15,005,443 | 15,007,655 | 218,686,459 | 95,282,924 | 78,493,240 | 102,077,680 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 24,082,568 | $ | 31,849,317 | $ | 2,138,811,075 | $ | 1,927,465,263 | $ | 9,000,274 | $ | 15,005,443 | $ | 175,805,751 | $ | 218,686,459 | $ | 43,630,962 | $ | 78,493,240 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | — | 200,000 | 9,900,000 | 22,300,000 | — | 100,000 | 200,000 | 2,400,000 | — | 600,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (300,000 | ) | — | (1,900,000 | ) | (5,200,000 | ) | (200,000 | ) | (100,000 | ) | (800,000 | ) | (100,000 | ) | (600,000 | ) | (900,000 | ) | |||||||||||||||||||||
Net increase (decrease) | (300,000 | ) | 200,000 | 8,000,000 | 17,100,000 | (200,000 | ) | — | (600,000 | ) | 2,300,000 | (600,000 | ) | (300,000 | ) | |||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (16,055 | ) | $ | 46,348 | $ | (1,426,512 | ) | $ | 251,325 | $ | (3,541 | ) | $ | — | $ | 433,643 | $ | 584,043 | $ | (53,287 | ) | $ | 176,752 | ||||||||||||||||
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 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 | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 15,767,911 | $ | 44,105,953 | $ | 1,036,320 | $ | 2,497,410 | $ | 21,269,890 | $ | 41,415,053 | $ | 1,883,502 | $ | 2,597,544 | $ | 3,600,463 | $ | 8,973,764 | ||||||||||||||||||||
Net realized gain (loss) on investments, foreign currency transactions and forward foreign currency contracts | 639,195 | 4,924,725 | (1,942,677 | ) | (3,544,531 | ) | (1,751,164 | ) | 8,197,136 | 718,109 | (811,391 | ) | (1,412,456 | ) | (4,107,450 | ) | ||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments, foreign currency transactions and forward foreign currency | 21,879,182 | (42,972,850 | ) | 7,711,959 | (5,788,546 | ) | 44,974,537 | (107,944,775 | ) | 11,703,520 | 1,015,570 | (1,369,681 | ) | 505,158 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 38,286,288 | 6,057,828 | 6,805,602 | (6,835,667 | ) | 64,493,263 | (58,332,586 | ) | 14,305,131 | 2,801,723 | 818,326 | 5,371,472 | ||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (13,338,762 | ) | (37,538,567 | ) | (65,908 | ) | (24,010 | ) | (20,773,025 | ) | (39,471,583 | ) | (2,188,740 | ) | (1,351,862 | ) | (2,508,395 | ) | (8,332,142 | ) | ||||||||||||||||||||
Net realized gains | — | — | (141,377 | ) | — | (447,216 | ) | — | (122,648 | ) | (77,543 | ) | — | (54,938 | ) | |||||||||||||||||||||||||
Return of capital | — | (13,812,498 | ) | — | — | — | — | — | — | — | (449,997 | ) | ||||||||||||||||||||||||||||
Total distributions to shareholders | (13,338,762 | ) | (51,351,065 | ) | (207,285 | ) | (24,010 | ) | (21,220,241 | ) | (39,471,583 | ) | (2,311,388 | ) | (1,429,405 | ) | (2,508,395 | ) | (8,837,077 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | 352,979,858 | 35,702,580 | 39,678,570 | 151,389,766 | 397,087,440 | 61,369,587 | 125,408,528 | 86,114,552 | 69,944,033 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (235,910,060 | ) | (421,041,557 | ) | (14,281,476 | ) | (46,879,490 | ) | (45,552,454 | ) | (271,280,364 | ) | (28,162,041 | ) | (13,796,244 | ) | (9,103,689 | ) | (157,245,676 | ) | ||||||||||||||||||||
Other capital (Note 4) | 707,730 | 2,322,064 | 29,621 | 16,675 | 105,945 | 437,716 | 189,667 | 302,961 | 242,597 | 792,296 | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (235,202,330 | ) | (65,739,635 | ) | 21,450,725 | (7,184,245 | ) | 105,943,257 | 126,244,792 | 33,397,213 | 111,915,245 | 77,253,460 | (86,509,347 | ) | ||||||||||||||||||||||||||
Contribution from Custodian | — | — | — | — | — | — | — | 82,000 | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (210,254,804 | ) | (111,032,872 | ) | 28,049,042 | (14,043,922 | ) | 149,216,279 | 28,440,623 | 45,390,956 | 113,369,563 | 75,563,391 | (89,974,952 | ) | ||||||||||||||||||||||||||
Net assets at beginning of period | 1,162,731,444 | 1,273,764,316 | 211,479,173 | 225,523,095 | 1,891,366,092 | 1,862,925,469 | 184,513,415 | 71,143,852 | 107,054,567 | 197,029,519 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 952,476,640 | $ | 1,162,731,444 | $ | 239,528,215 | $ | 211,479,173 | $ | 2,040,582,371 | $ | 1,891,366,092 | $ | 229,904,371 | $ | 184,513,415 | $ | 182,617,958 | $ | 107,054,567 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | — | 5,600,000 | 1,000,000 | 1,100,000 | 2,600,000 | 6,700,000 | 1,700,000 | 3,600,000 | 2,900,000 | 2,200,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (4,000,000 | ) | (6,900,000 | ) | (400,000 | ) | (1,300,000 | ) | (800,000 | ) | (4,600,000 | ) | (800,000 | ) | (400,000 | ) | (300,000 | ) | (5,000,000 | ) | ||||||||||||||||||||
Net increase (decrease) | (4,000,000 | ) | (1,300,000 | ) | 600,000 | (200,000 | ) | 1,800,000 | 2,100,000 | 900,000 | 3,200,000 | 2,600,000 | (2,800,000 | ) | ||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (4,029,408 | ) | $ | (6,458,557 | ) | $ | (668,328 | ) | $ | (1,638,740 | ) | $ | (3,509,195 | ) | $ | (4,006,060 | ) | $ | (79,575 | ) | $ | 225,663 | $ | (2,283 | ) | $ | (1,094,351 | ) | |||||||||||
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 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 Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | 12/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 285,134,525 | $ | 757,794,799 | $ | 60,404,974 | $ | 40,699,435 | $ | 677,734 | $ | 189,611 | $ | 334,144 | $ | 650,299 | $ | 558,609 | $ | 609,704 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 27,350,839 | 365,727,635 | 1,010,749 | 3,608,680 | 15,272 | 129 | (168,998 | ) | 162,302 | (2,814 | ) | 96,621 | ||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments | 231,394,570 | (188,864,242 | ) | 52,544,063 | (24,235,077 | ) | 746,026 | (9,114 | ) | 236,335 | (539,367 | ) | 356,212 | (553,457 | ) | |||||||||||||||||||||||||
Net increase in net assets resulting from operations | 543,879,934 | 934,658,192 | 113,959,786 | 20,073,038 | 1,439,032 | 180,626 | 401,481 | 273,234 | 912,007 | 152,868 | ||||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 1,400,004 | (1,909,192 | ) | 3,229,374 | 3,184,997 | 70,517 | 13,937 | — | — | 6,087 | 36,304 | |||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (334,472,377 | ) | (772,744,973 | ) | (69,560,235 | ) | (38,659,229 | ) | (775,003 | ) | (190,013 | ) | (552,288 | ) | (611,134 | ) | (742,104 | ) | (580,253 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | (1,323 | ) | — | — | — | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (334,472,377 | ) | (772,744,973 | ) | (69,560,235 | ) | (38,659,229 | ) | (776,326 | ) | (190,013 | ) | (552,288 | ) | (611,134 | ) | (742,104 | ) | (580,253 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 3,611,374,653 | 6,983,108,084 | 1,688,249,828 | 1,442,024,701 | 320,289,395 | 33,539,276 | — | — | 5,056,978 | 13,037,325 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (3,156,446,280 | ) | (8,633,195,303 | ) | (33,636,921 | ) | (208,965,797 | ) | (9,167,625 | ) | — | — | — | — | — | |||||||||||||||||||||||||
Net income equalization (Note 2) | (1,400,004 | ) | 1,909,192 | (3,229,374 | ) | (3,184,997 | ) | (70,517 | ) | (13,937 | ) | — | — | (6,087 | ) | (36,304 | ) | |||||||||||||||||||||||
Other capital (Note 4) | 744,114 | 7,669,981 | 145,933 | 866,218 | 134,848 | 26,750 | — | — | 25,285 | 65,187 | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 454,272,483 | (1,640,508,046 | ) | 1,651,529,466 | 1,230,740,125 | 311,186,101 | 33,552,089 | — | — | 5,076,176 | 13,066,208 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 665,080,044 | (1,480,504,019 | ) | 1,699,158,391 | 1,215,338,931 | 311,919,324 | 33,556,639 | (150,807 | ) | (337,900 | ) | 5,252,166 | 12,675,127 | |||||||||||||||||||||||||||
Net assets at beginning of period | 9,300,030,727 | 10,780,534,746 | 1,349,304,501 | 133,965,570 | 42,654,646 | 9,098,007 | 14,702,869 | 15,040,769 | 22,769,900 | 10,094,773 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 9,965,110,771 | $ | 9,300,030,727 | $ | 3,048,462,892 | $ | 1,349,304,501 | $ | 354,573,970 | $ | 42,654,646 | $ | 14,552,062 | $ | 14,702,869 | $ | 28,022,066 | $ | 22,769,900 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 90,250,000 | 173,000,000 | 55,500,000 | 47,300,000 | 10,500,000 | 1,100,000 | — | — | 200,000 | 500,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (79,000,000 | ) | (213,050,000 | ) | (1,100,000 | ) | (6,900,000 | ) | (300,000 | ) | — | — | — | — | — | |||||||||||||||||||||||||
Net increase (decrease) | 11,250,000 | (40,050,000 | ) | 54,400,000 | 40,400,000 | 10,200,000 | 1,100,000 | — | — | 200,000 | 500,000 | |||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (44,421,037 | ) | $ | 4,916,815 | $ | (7,373,347 | ) | $ | 1,781,914 | $ | (85,896 | ) | $ | 11,373 | $ | (162,324 | ) | $ | 55,820 | $ | (144,904 | ) | $ | 38,591 | |||||||||||||||
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 | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 45.80 | $ | 45.82 | $ | 45.85 | $ | 45.85 | $ | 45.86 | $ | 45.88 | $ | 55.65 | $ | 59.59 | $ | 54.76 | $ | 52.74 | $ | 49.74 | $ | 52.00 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | (0.02 | ) | (0.02 | ) | (0.04 | ) | 0.00 | (2) | 0.00 | (2) | 0.23 | 0.23 | 0.60 | 1.53 | 2.21 | 1.78 | 0.54 | |||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | (0.03 | ) | 0.01 | 0.01 | 0.00 | (2) | 0.00 | (2) | 0.11 | (1.13 | ) | (3.72 | ) | 4.93 | 1.70 | 2.78 | (1.19 | ) | ||||||||||||||||||||||||||||||
Total from investment operations | (0.05 | ) | (0.01 | ) | (0.03 | ) | 0.00 | (2) | 0.00 | (2) | 0.34 | (0.90 | ) | (3.12 | ) | 6.46 | 3.91 | 4.56 | (0.65 | ) | ||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.03 | (0.01 | ) | 0.00 | (2) | 0.00 | (2) | 0.00 | (2) | 0.02 | 0.00 | (2) | 0.01 | 0.05 | 0.01 | 0.01 | 0.07 | |||||||||||||||||||||||||||||||
Other capital (1) | — | — | — | — | — | — | — | — | 0.00 | (2) | — | — | 0.00 | (2) | ||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | — | — | 0.00 | (2) | — | 0.00 | (2) | (0.37 | ) | (0.30 | ) | (0.83 | ) | (1.68 | ) | (1.90 | ) | (1.57 | ) | (1.68 | ) | |||||||||||||||||||||||||||
Net realized gains | — | — | — | — | 0.00 | (2) | (0.01 | ) | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Return of capital | — | — | — | — | (0.01 | ) | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Total distributions | — | — | — | — | (0.01 | ) | (0.38 | ) | (0.30 | ) | (0.83 | ) | (1.68 | ) | (1.90 | ) | (1.57 | ) | (1.68 | ) | ||||||||||||||||||||||||||||
Net asset value, end of period | $ | 45.78 | $ | 45.80 | $ | 45.82 | $ | 45.85 | $ | 45.85 | $ | 45.86 | $ | 54.45 | $ | 55.65 | $ | 59.59 | $ | 54.76 | $ | 52.74 | $ | 49.74 | ||||||||||||||||||||||||
Total return (4) | (0.04 | )% | (0.04 | )% | (0.08 | )% | 0.01 | % | 0.00 | %(5) | 0.79 | % | (1.62 | )% | (5.32 | )% | 12.03 | % | 7.55 | % | 9.33 | % | (1.11 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 1,071,241 | $ | 1,580,101 | $ | 1,539,512 | $ | 1,008,816 | $ | 1,054,532 | $ | 985,943 | $ | 577,196 | $ | 651,133 | $ | 732,984 | $ | 438,091 | $ | 379,749 | $ | 288,501 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.14 | %(6) | 0.14 | % | 0.14 | % | 0.15 | % | 0.14 | % | 0.14 | % | 0.19 | %(6) | 0.19 | % | 0.19 | % | 0.20 | % | 0.19 | % | 0.19 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | (0.09 | )%(6) | (0.05 | )% | (0.09 | )% | 0.00 | %(5) | 0.00 | %(5) | 0.49 | % | 0.83 | %(6) | 1.00 | % | 2.62 | % | 4.12 | % | 3.48 | % | 1.11 | % | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 279 | % | 584 | % | 619 | % | 628 | % | 623 | % | 692 | % | 10 | % | 20 | % | 23 | % | 21 | % | 18 | % | 21 | % |
(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 1-10 Year TIPS ETF | SPDR Barclays Short Term Treasury ETF | SPDR Barclays Intermediate Term Treasury ETF | ||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | ||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | ||||||||||||||||||||||||||||||||||||||||
12/31/13 | 5/29/13*- | 12/31/13 | Year Ended | 11/30/11*- | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | (Unaudited) | 6/30/13 | 6/30/12 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | ||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 19.39 | $ | 20.00 | $ | 29.95 | $ | 30.10 | $ | 30.00 | $ | 59.66 | $ | 61.31 | $ | 59.42 | $ | 59.19 | $ | 57.22 | $ | 55.32 | ||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.01 | (0.03 | ) | 0.08 | 0.12 | 0.06 | 0.39 | 0.90 | 1.07 | 1.17 | 1.19 | 1.43 | ||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (0.10 | ) | (0.58 | ) | (0.00 | )(3) | (0.15 | ) | 0.09 | (0.45 | ) | (1.34 | ) | 2.07 | 0.37 | 2.02 | 1.92 | |||||||||||||||||||||||||||
Total from investment operations | (0.09 | ) | (0.61 | ) | 0.08 | (0.03 | ) | 0.15 | (0.06 | ) | (0.44 | ) | 3.14 | 1.54 | 3.21 | 3.35 | ||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.00 | (3) | (0.00 | )(3) | 0.01 | 0.00 | (3) | — | (0.01 | ) | (0.01 | ) | (0.01 | ) | (0.01 | ) | 0.03 | 0.06 | ||||||||||||||||||||||||||
Other capital (1) | — | — | — | — | — | 0.00 | (3) | — | 0.00 | (3) | 0.00 | (3) | — | — | ||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.05 | ) | — | (0.09 | ) | (0.12 | ) | (0.05 | ) | (0.46 | ) | (0.91 | ) | (1.08 | ) | (1.18 | ) | (1.19 | ) | (1.51 | ) | |||||||||||||||||||||||
Net realized gains | — | — | — | — | — | (0.05 | ) | (0.29 | ) | (0.16 | ) | (0.12 | ) | (0.08 | ) | — | ||||||||||||||||||||||||||||
Total distributions | (0.05 | ) | — | (0.09 | ) | (0.12 | ) | (0.05 | ) | (0.51 | ) | (1.20 | ) | (1.24 | ) | (1.30 | ) | (1.27 | ) | (1.51 | ) | |||||||||||||||||||||||
Net asset value, end of period | $ | 19.25 | $ | 19.39 | $ | 29.95 | $ | 29.95 | $ | 30.10 | $ | 59.08 | $ | 59.66 | $ | 61.31 | $ | 59.42 | $ | 59.19 | $ | 57.22 | ||||||||||||||||||||||
Total return (4) | (0.45 | )% | (3.07 | )% | 0.29 | % | (0.10 | )% | 0.49 | % | (0.12 | )% | (0.77 | )% | 5.30 | % | 2.62 | % | 5.73 | % | 6.20 | % | ||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 9,625 | $ | 11,632 | $ | 20,963 | $ | 5,990 | $ | 6,019 | $ | 165,426 | $ | 173,012 | $ | 196,216 | $ | 213,929 | $ | 242,703 | $ | 143,070 | ||||||||||||||||||||||
Ratio of expenses to average net assets | 0.15 | %(5) | 0.15 | %(5) | 0.12 | %(5) | 0.12 | % | 0.12 | %(5) | 0.14 | %(5) | 0.14 | % | 0.14 | % | 0.16 | % | 0.14 | % | 0.14 | % | ||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.08 | %(5) | (1.85 | )%(5) | 0.53 | %(5) | 0.39 | % | 0.34 | %(5) | 1.29 | %(5) | 1.48 | % | 1.75 | % | 1.98 | % | 2.06 | % | 2.50 | % | ||||||||||||||||||||||
Portfolio turnover rate (6) | 13 | % | 1 | % | 20 | % | 38 | % | 24 | % | 15 | % | 32 | % | 35 | % | 33 | % | 39 | % | 49 | % |
* | 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 | |||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | 12/16/09*- | ||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | ||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 64.34 | $ | 72.05 | $ | 56.22 | $ | 59.15 | $ | 55.00 | $ | 53.39 | $ | 30.53 | $ | 30.37 | $ | 30.44 | $ | 29.98 | $ | 30.00 | ||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.91 | 1.75 | 1.92 | 2.17 | 2.20 | 2.36 | 0.18 | 0.40 | 0.49 | 0.56 | 0.31 | |||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (4.25 | ) | (7.70 | ) | 15.76 | (2.94 | ) | 4.06 | 1.64 | 0.21 | 0.17 | (0.06 | ) | 0.48 | (0.17 | ) | ||||||||||||||||||||||||||||
Total from investment operations | (3.34 | ) | (5.95 | ) | 17.68 | (0.77 | ) | 6.26 | 4.00 | 0.39 | 0.57 | 0.43 | 1.04 | 0.14 | ||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.03 | ) | (0.01 | ) | 0.14 | 0.01 | 0.08 | 0.01 | 0.00 | (3) | 0.02 | 0.02 | 0.01 | 0.04 | ||||||||||||||||||||||||||||||
Other capital (1) | — | — | — | — | — | — | 0.00 | (3) | 0.01 | 0.04 | 0.00 | (3) | 0.06 | |||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.06 | ) | (1.75 | ) | (1.99 | ) | (2.17 | ) | (2.19 | ) | (2.40 | ) | (0.21 | ) | (0.41 | ) | (0.50 | ) | (0.56 | ) | (0.26 | ) | ||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (0.06 | ) | (0.03 | ) | (0.06 | ) | (0.03 | ) | — | |||||||||||||||||||||||||||||
Total distributions | (1.06 | ) | (1.75 | ) | (1.99 | ) | (2.17 | ) | (2.19 | ) | (2.40 | ) | (0.27 | ) | (0.44 | ) | (0.56 | ) | (0.59 | ) | (0.26 | ) | ||||||||||||||||||||||
Net asset value, end of period | $ | 59.91 | $ | 64.34 | $ | 72.05 | $ | 56.22 | $ | 59.15 | $ | 55.00 | $ | 30.65 | $ | 30.53 | $ | 30.37 | $ | 30.44 | $ | 29.98 | ||||||||||||||||||||||
Total return (4) | (5.27 | )% | (8.44 | )% | 32.03 | % | (1.24 | )% | 11.93 | % | 7.51 | % | 1.26 | % | 1.99 | % | 1.63 | % | 3.60 | % | 0.79 | % | ||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 35,944 | $ | 57,908 | $ | 64,844 | $ | 22,488 | $ | 23,661 | $ | 16,499 | $ | 2,926,807 | $ | 2,940,064 | $ | 1,105,432 | $ | 337,925 | $ | 161,898 | ||||||||||||||||||||||
Ratio of expenses to average net assets | 0.14 | %(5) | 0.14 | % | 0.14 | % | 0.15 | % | 0.14 | % | 0.14 | % | 0.13 | %(5) | 0.13 | % | 0.13 | % | 0.13 | % | 0.13 | %(5) | ||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.93 | %(5) | 2.49 | % | 2.85 | % | 3.79 | % | 4.01 | % | 4.14 | % | 1.17 | %(5) | 1.30 | % | 1.61 | % | 1.83 | % | 1.94 | %(5) | ||||||||||||||||||||||
Portfolio turnover rate (6) | 13 | % | 20 | % | 22 | % | 26 | % | 54 | % | 17 | % | 18 | % | 46 | % | 50 | % | 46 | % | 23 | % |
* | 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 Intermediate Term Corporate Bond ETF | SPDR Barclays Long Term Corporate Bond ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 2/10/09*- | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 3/10/09*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 33.53 | $ | 33.89 | $ | 33.03 | $ | 32.50 | $ | 30.39 | $ | 30.00 | $ | 37.41 | $ | 39.92 | $ | 35.55 | $ | 36.57 | $ | 33.31 | $ | 30.00 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.46 | 1.00 | 1.12 | 1.14 | 1.31 | 0.59 | 0.91 | 1.81 | 1.92 | 2.00 | 2.07 | 0.65 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 0.17 | (0.31 | ) | 0.92 | 0.66 | 2.13 | 0.20 | (0.18 | ) | (2.60 | ) | 4.10 | (0.22 | ) | 3.30 | 3.13 | ||||||||||||||||||||||||||||||||
Total from investment operations | 0.63 | 0.69 | 2.04 | 1.80 | 3.44 | 0.79 | 0.73 | (0.79 | ) | 6.02 | 1.78 | 5.37 | 3.78 | |||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.00 | (3) | 0.02 | 0.02 | 0.03 | 0.09 | 0.05 | (0.01 | ) | 0.01 | 0.07 | 0.02 | 0.06 | — | ||||||||||||||||||||||||||||||||||
Other capital (1) | 0.00 | (3) | 0.02 | 0.02 | 0.00 | (3) | 0.00 | (3) | — | 0.00 | (3) | 0.22 | 0.20 | 0.02 | — | — | ||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.54 | ) | (1.02 | ) | (1.12 | ) | (1.15 | ) | (1.38 | ) | (0.45 | ) | (1.06 | ) | (1.82 | ) | (1.92 | ) | (2.01 | ) | (2.09 | ) | (0.47 | ) | ||||||||||||||||||||||||
Net realized gains | (0.08 | ) | (0.07 | ) | (0.10 | ) | (0.15 | ) | (0.04 | ) | — | — | (0.13 | ) | — | (0.83 | ) | (0.08 | ) | — | ||||||||||||||||||||||||||||
Total distributions | (0.62 | ) | (1.09 | ) | (1.22 | ) | (1.30 | ) | (1.42 | ) | (0.45 | ) | (1.06 | ) | (1.95 | ) | (1.92 | ) | (2.84 | ) | (2.17 | ) | (0.47 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 33.54 | $ | 33.53 | $ | 33.89 | $ | 33.03 | $ | 32.50 | $ | 30.39 | $ | 37.07 | $ | 37.41 | $ | 39.92 | $ | 35.55 | $ | 36.57 | $ | 33.31 | ||||||||||||||||||||||||
Total return (4) | 1.87 | % | 2.10 | % | 6.41 | % | 5.72 | % | 11.85 | % | 2.86 | % | 1.98 | % | (1.74 | )% | 18.04 | % | 5.20 | % | 16.76 | % | 12.70 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 432,691 | $ | 399,041 | $ | 281,288 | $ | 191,565 | $ | 113,747 | $ | 27,349 | $ | 81,544 | $ | 97,258 | $ | 87,834 | $ | 35,553 | $ | 32,909 | $ | 6,661 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.15 | %(5) | 0.15 | % | 0.15 | % | 0.16 | % | 0.15 | % | 0.15 | %(5) | 0.15 | %(5) | 0.15 | % | 0.15 | % | 0.17 | % | 0.15 | % | 0.15 | %(5) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.73 | %(5) | 2.89 | % | 3.34 | % | 3.45 | % | 4.13 | % | 5.22 | %(5) | 4.86 | %(5) | 4.42 | % | 4.97 | % | 5.49 | % | 5.85 | % | 6.82 | %(5) | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 4 | % | 16 | % | 15 | % | 37 | % | 42 | % | 4 | % | 6 | % | 24 | % | 21 | % | 58 | % | 42 | % | 27 | % |
* | 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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311
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Barclays Issuer Scored Corporate Bond ETF | SPDR Barclays Convertible Securities ETF | |||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | 4/6/11*- | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 4/14/09*- | |||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 31.22 | $ | 32.02 | $ | 30.52 | $ | 30.00 | $ | 42.54 | $ | 37.67 | $ | 41.55 | $ | 36.06 | $ | 31.65 | $ | 30.00 | ||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.55 | 1.08 | 1.11 | 0.24 | 0.01 | (0.19 | ) | 0.37 | 0.68 | 1.43 | 0.35 | |||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (0.07 | ) | (0.81 | ) | 1.40 | 0.32 | 5.01 | 6.39 | (2.45 | ) | 6.52 | 4.78 | 1.42 | |||||||||||||||||||||||||||
Total from investment operations | 0.48 | 0.27 | 2.51 | 0.56 | 5.02 | 6.20 | (2.08 | ) | 7.20 | 6.21 | 1.77 | |||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.00 | )(3) | 0.03 | 0.01 | — | 0.15 | 0.31 | (0.00 | )(3) | 0.04 | 0.05 | 0.05 | ||||||||||||||||||||||||||||
Other capital (1) | 0.03 | 0.08 | 0.09 | 0.11 | 0.01 | 0.00 | (3) | 0.01 | 0.00 | (3) | 0.02 | 0.05 | ||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.64 | ) | (1.08 | ) | (1.11 | ) | (0.15 | ) | (1.11 | ) | (1.64 | ) | (1.29 | ) | (1.63 | ) | (1.76 | ) | (0.22 | ) | ||||||||||||||||||||
Net realized gains | (0.08 | ) | (0.10 | ) | — | — | — | — | (0.52 | ) | (0.12 | ) | (0.11 | ) | — | |||||||||||||||||||||||||
Total distributions | (0.72 | ) | (1.18 | ) | (1.11 | ) | (0.15 | ) | (1.11 | ) | (1.64 | ) | (1.81 | ) | (1.75 | ) | (1.87 | ) | (0.22 | ) | ||||||||||||||||||||
Net asset value, end of period | $ | 31.01 | $ | 31.22 | $ | 32.02 | $ | 30.52 | $ | 46.61 | $ | 42.54 | $ | 37.67 | $ | 41.55 | $ | 36.06 | $ | 31.65 | ||||||||||||||||||||
Total return (4) | 1.61 | % | 1.11 | % | 8.72 | % | 2.23 | % | 12.24 | % | 17.57 | % | (4.89 | )% | 20.38 | % | 19.92 | % | 6.24 | % | ||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 27,909 | $ | 34,340 | $ | 22,417 | $ | 12,208 | $ | 2,018,127 | $ | 1,225,259 | $ | 783,580 | $ | 926,572 | $ | 259,629 | $ | 44,307 | ||||||||||||||||||||
Ratio of expenses to average net assets | 0.16 | %(5) | 0.16 | % | 0.16 | % | 0.16 | %(5) | 0.40 | %(5) | 0.40 | % | 0.40 | % | 0.41 | % | 0.40 | % | 0.40 | %(5) | ||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 3.47 | %(5) | 3.34 | % | 3.53 | % | 3.42 | %(5) | 0.05 | %(5) | (0.47 | )% | 0.98 | % | 1.68 | % | 3.85 | % | 5.33 | %(5) | ||||||||||||||||||||
Portfolio turnover rate (6) | 13 | % | 11 | % | 17 | % | 6 | % | 18 | % | 34 | % | 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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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 | Six Months | |||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | ||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 26.61 | $ | 27.68 | $ | 27.35 | $ | 27.36 | $ | 26.26 | $ | 56.76 | $ | 58.57 | $ | 56.40 | $ | 56.67 | $ | 54.47 | $ | 53.13 | ||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.17 | 0.11 | 0.41 | 0.48 | 0.68 | 0.64 | 0.97 | 1.26 | 1.55 | 1.85 | 2.13 | |||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 0.01 | (0.62 | ) | 0.85 | 0.50 | 1.29 | (0.37 | ) | (1.52 | ) | 2.68 | 0.58 | 3.13 | 1.41 | ||||||||||||||||||||||||||||||
Total from investment operations | 0.18 | (0.51 | ) | 1.26 | 0.98 | 1.97 | 0.27 | (0.55 | ) | 3.94 | 2.13 | 4.98 | 3.54 | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.01 | (0.00 | )(3) | (0.00 | )(3) | 0.02 | 0.07 | 0.00 | (3) | 0.00 | (3) | 0.04 | 0.01 | 0.01 | 0.03 | |||||||||||||||||||||||||||||
Other capital (1) | 0.01 | 0.02 | 0.02 | 0.06 | 0.10 | 0.01 | 0.01 | 0.05 | 0.00 | (3) | — | 0.01 | ||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.20 | ) | (0.13 | ) | (0.43 | ) | (0.51 | ) | (0.73 | ) | (0.72 | ) | (0.96 | ) | (1.35 | ) | (1.59 | ) | (1.86 | ) | (2.18 | ) | ||||||||||||||||||||||
Net realized gains | — | (0.45 | ) | (0.52 | ) | (0.56 | ) | (0.31 | ) | — | (0.31 | ) | (0.51 | ) | (0.82 | ) | (0.93 | ) | (0.06 | ) | ||||||||||||||||||||||||
Total distributions | (0.20 | ) | (0.58 | ) | (0.95 | ) | (1.07 | ) | (1.04 | ) | (0.72 | ) | (1.27 | ) | (1.86 | ) | (2.41 | ) | (2.79 | ) | (2.24 | ) | ||||||||||||||||||||||
Net asset value, end of period | $ | 26.61 | $ | 26.61 | $ | 27.68 | $ | 27.35 | $ | 27.36 | $ | 56.32 | $ | 56.76 | $ | 58.57 | $ | 56.40 | $ | 56.67 | $ | 54.47 | ||||||||||||||||||||||
Total return (4) | 0.75 | % | (1.80 | )% | 4.82 | % | 3.88 | % | 8.31 | % | 0.49 | % | (0.95 | )% | 7.29 | % | 3.83 | % | 9.36 | % | 6.90 | % | ||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 111,776 | $ | 23,951 | $ | 38,746 | $ | 35,556 | $ | 27,362 | $ | 664,566 | $ | 669,829 | $ | 597,435 | $ | 259,438 | $ | 221,027 | $ | 196,090 | ||||||||||||||||||||||
Ratio of expenses to average net assets | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.21 | % | 0.21 | % | 0.13 | %(5) | 0.13 | % | 0.13 | % | 0.15 | % | 0.13 | % | 0.13 | % | ||||||||||||||||||||||
Ratio of expenses to average net assets before waivers | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.21 | % | 0.21 | % | 0.19 | %(5) | 0.19 | % | 0.19 | % | 0.20 | % | 0.19 | % | 0.19 | % | ||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.27 | %(5) | 0.40 | % | 1.47 | % | 1.77 | % | 2.55 | % | 2.23 | %(5) | 1.65 | % | 2.17 | % | 2.74 | % | 3.33 | % | 3.98 | % | ||||||||||||||||||||||
Portfolio turnover rate (6) | 199 | % | 544 | % | 1,489 | % | 1,107 | % | 897 | % | 54 | % | 165 | % | 428 | % | 310 | % | 376 | % | 475 | % |
(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 Nuveen Barclays Municipal Bond ETF | SPDR Nuveen Barclays California Municipal Bond ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 23.02 | $ | 24.16 | $ | 22.75 | $ | 22.94 | $ | 21.95 | $ | 21.73 | $ | 22.94 | $ | 24.34 | $ | 22.19 | $ | 22.53 | $ | 21.25 | $ | 21.74 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.30 | 0.65 | 0.74 | 0.79 | 0.85 | 0.86 | 0.31 | 0.70 | 0.87 | 0.87 | 0.96 | 0.92 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (0.21 | ) | (0.87 | ) | 1.48 | (0.05 | ) | 0.97 | 0.18 | (0.07 | ) | (0.87 | ) | 2.16 | (0.19 | ) | 1.27 | (0.52 | ) | |||||||||||||||||||||||||||||
Total from investment operations | 0.09 | (0.22 | ) | 2.22 | 0.74 | 1.82 | 1.04 | 0.24 | (0.17 | ) | 3.03 | 0.68 | 2.23 | 0.40 | ||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.00 | )(3) | 0.00 | (3) | 0.01 | 0.00 | (3) | 0.02 | 0.03 | (0.01 | ) | 0.01 | 0.00 | (3) | 0.01 | 0.01 | 0.02 | |||||||||||||||||||||||||||||||
Other capital (1) | (0.00 | )(3) | 0.01 | 0.00 | (3) | — | — | 0.00 | (3) | 0.00 | (3) | — | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.35 | ) | (0.65 | ) | (0.75 | ) | (0.79 | ) | (0.85 | ) | (0.85 | ) | (0.36 | ) | (0.70 | ) | (0.86 | ) | (0.86 | ) | (0.96 | ) | (0.91 | ) | ||||||||||||||||||||||||
Net realized gains | (0.14 | ) | (0.28 | ) | (0.07 | ) | (0.14 | ) | �� | — | — | (0.60 | ) | (0.54 | ) | (0.02 | ) | (0.17 | ) | — | — | |||||||||||||||||||||||||||
Total distributions | (0.49 | ) | (0.93 | ) | (0.82 | ) | (0.93 | ) | (0.85 | ) | (0.85 | ) | (0.96 | ) | (1.24 | ) | (0.88 | ) | (1.03 | ) | (0.96 | ) | (0.91 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 22.62 | $ | 23.02 | $ | 24.16 | $ | 22.75 | $ | 22.94 | $ | 21.95 | $ | 22.21 | $ | 22.94 | $ | 24.34 | $ | 22.19 | $ | 22.53 | $ | 21.25 | ||||||||||||||||||||||||
Total return (4) | 0.42 | % | (1.01 | )% | 9.95 | % | 3.33 | % | 8.50 | % | 5.07 | % | 1.03 | % | (0.85 | )% | 13.91 | % | 3.23 | % | 10.67 | % | 2.02 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 907,059 | $ | 1,084,129 | $ | 1,135,596 | $ | 873,455 | $ | 952,260 | $ | 583,859 | $ | 77,739 | $ | 100,938 | $ | 85,193 | $ | 73,226 | $ | 65,333 | $ | 40,376 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.23 | %(5) | 0.23 | % | 0.23 | % | 0.22 | % | 0.20 | % | 0.20 | % | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||||||||||||||||
Ratio of expenses to average net assets before waivers | 0.30 | %(5) | 0.30 | % | 0.30 | % | 0.30 | % | 0.30 | % | 0.30 | % | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.64 | %(5) | 2.69 | % | 3.14 | % | 3.46 | % | 3.75 | % | 3.96 | % | 2.71 | %(5) | 2.88 | % | 3.68 | % | 3.92 | % | 4.32 | % | 4.33 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 12 | % | 18 | % | 17 | % | 16 | % | 9 | % | 3 | % | 5 | % | 40 | % | 14 | % | 29 | % | 12 | % | 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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317
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 | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 22.75 | $ | 23.80 | $ | 22.34 | $ | 22.66 | $ | 21.49 | $ | 21.64 | $ | 24.03 | $ | 24.39 | $ | 24.20 | $ | 24.08 | $ | 23.67 | $ | 22.82 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.30 | 0.67 | 0.77 | 0.76 | 0.88 | 0.87 | 0.11 | 0.26 | 0.33 | 0.36 | 0.42 | 0.55 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (0.19 | ) | (0.87 | ) | 1.46 | (0.20 | ) | 1.16 | (0.16 | ) | 0.24 | (0.30 | ) | 0.23 | 0.19 | 0.41 | 0.83 | |||||||||||||||||||||||||||||||
Total from investment operations | 0.11 | (0.20 | ) | 2.23 | 0.56 | 2.04 | 0.71 | 0.35 | (0.04 | ) | 0.56 | 0.55 | 0.83 | 1.38 | ||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.01 | ) | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.01 | 0.01 | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.01 | 0.03 | ||||||||||||||||||||||||||||
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) | 0.01 | 0.01 | ||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.36 | ) | (0.68 | ) | (0.77 | ) | (0.76 | ) | (0.88 | ) | (0.87 | ) | (0.13 | ) | (0.27 | ) | (0.33 | ) | (0.36 | ) | (0.44 | ) | (0.57 | ) | ||||||||||||||||||||||||
Net realized gains | (0.60 | ) | (0.17 | ) | — | (0.12 | ) | — | — | — | (0.05 | ) | (0.04 | ) | (0.07 | ) | — | — | ||||||||||||||||||||||||||||||
Total distributions | (0.96 | ) | (0.85 | ) | (0.77 | ) | (0.88 | ) | (0.88 | ) | (0.87 | ) | (0.13 | ) | (0.32 | ) | (0.37 | ) | (0.43 | ) | (0.44 | ) | (0.57 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 21.89 | $ | 22.75 | $ | 23.80 | $ | 22.34 | $ | 22.66 | $ | 21.49 | $ | 24.25 | $ | 24.03 | $ | 24.39 | $ | 24.20 | $ | 24.08 | $ | 23.67 | ||||||||||||||||||||||||
Total return (4) | 0.44 | % | (1.01 | )% | 10.10 | % | 2.55 | % | 9.66 | % | 3.49 | % | 1.45 | % | (0.20 | )% | 2.36 | % | 2.33 | % | 3.60 | % | 6.29 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 24,083 | $ | 31,849 | $ | 28,557 | $ | 24,575 | $ | 24,926 | $ | 15,046 | $ | 2,138,811 | $ | 1,927,465 | $ | 1,539,304 | $ | 1,299,603 | $ | 1,252,378 | $ | 501,788 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | %(5) | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | 0.20 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.68 | %(5) | 2.77 | % | 3.30 | % | 3.40 | % | 3.92 | % | 4.11 | % | 0.92 | %(5) | 1.07 | % | 1.34 | % | 1.49 | % | 1.77 | % | 2.35 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 10 | % | 36 | % | 24 | % | 37 | % | 9 | % | 33 | % | 9 | % | 20 | % | 23 | % | 25 | % | 14 | % | 4 | % |
(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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319
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | 9/23/09*- | 12/31/13 | Year Ended | Year Ended | 4/13/11*- | 12/31/13 | Year Ended | Year Ended | Year Ended | 5/12/10*- | |||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | |||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 30.01 | $ | 30.02 | $ | 30.03 | $ | 30.03 | $ | 30.00 | $ | 54.67 | $ | 56.05 | $ | 52.25 | $ | 50.00 | $ | 56.07 | $ | 60.05 | $ | 50.97 | $ | 50.73 | $ | 50.00 | ||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | (0.01 | ) | 0.03 | 0.17 | 0.24 | 0.06 | 1.49 | 2.81 | 3.12 | 0.64 | 1.29 | 2.60 | 2.65 | 2.74 | 0.34 | |||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | — | (0.01 | ) | — | — | — | (2.90 | ) | (1.49 | ) | 3.70 | 1.96 | (1.22 | ) | (4.07 | ) | 8.92 | 0.16 | 0.49 | |||||||||||||||||||||||||||||||||||||
Total from investment operations | (0.01 | ) | 0.02 | 0.17 | 0.24 | 0.06 | (1.41 | ) | 1.32 | 6.82 | 2.60 | 0.07 | (1.47 | ) | 11.57 | 2.90 | 0.83 | |||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.00 | (3) | (0.00 | )(3) | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | (0.02 | ) | 0.07 | 0.10 | — | (0.08 | ) | (0.03 | ) | 0.18 | 0.06 | — | ||||||||||||||||||||||||||||||||||
Other capital (1) | — | — | 0.00 | (3) | — | 0.01 | — | 0.01 | 0.01 | — | (0.00 | )(3) | 0.11 | 0.04 | 0.02 | — | ||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | — | (0.03 | ) | (0.18 | ) | (0.24 | ) | (0.04 | ) | (1.53 | ) | (2.70 | ) | (3.01 | ) | (0.35 | ) | (1.52 | ) | (2.59 | ) | (2.71 | ) | (2.73 | ) | (0.10 | ) | |||||||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (0.08 | ) | (0.12 | ) | — | — | — | — | (0.01 | ) | — | |||||||||||||||||||||||||||||||||||||||
Total distributions | — | (0.03 | ) | (0.18 | ) | (0.24 | ) | (0.04 | ) | (1.53 | ) | (2.78 | ) | (3.13 | ) | (0.35 | ) | (1.52 | ) | (2.59 | ) | (2.71 | ) | (2.74 | ) | (0.10 | ) | |||||||||||||||||||||||||||||
Net asset value, end of period | $ | 30.00 | $ | 30.01 | $ | 30.02 | $ | 30.03 | $ | 30.03 | $ | 51.71 | $ | 54.67 | $ | 56.05 | $ | 52.25 | $ | 54.54 | $ | 56.07 | $ | 60.05 | $ | 50.97 | $ | 50.73 | ||||||||||||||||||||||||||||
Total return (4) | (0.03 | )% | 0.09 | % | 0.55 | % | 0.81 | % | 0.23 | % | (2.61 | )% | 2.33 | % | 13.71 | % | 5.21 | % | (0.01 | )% | (2.60 | )% | 23.52 | % | 6.22 | % | 1.67 | % | ||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 9,000 | $ | 15,005 | $ | 15,008 | $ | 9,010 | $ | 15,013 | $ | 175,806 | $ | 218,686 | $ | 95,283 | $ | 47,025 | $ | 43,631 | $ | 78,493 | $ | 102,078 | $ | 30,583 | $ | 10,147 | ||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.20 | %(5) | 0.20 | % | 0.21 | % | 0.21 | % | 0.21 | %(5) | 0.45 | %(5) | 0.45 | % | 0.45 | % | 0.45 | %(5) | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.35 | % | 0.36 | %(5) | ||||||||||||||||||||||||||||
Ratio of expenses to average net assets before waivers | 0.20 | %(5) | 0.20 | % | 0.21 | % | 0.21 | % | 0.21 | %(5) | 0.50 | %(5) | 0.50 | % | 0.50 | % | 0.50 | %(5) | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.35 | % | 0.36 | %(5) | ||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | (0.07 | )%(5) | 0.09 | % | 0.50 | % | 0.80 | % | 0.26 | %(5) | 5.65 | %(5) | 4.84 | % | 5.78 | % | 5.86 | %(5) | 4.66 | %(5) | 4.24 | % | 4.57 | % | 5.54 | % | 5.10 | %(5) | ||||||||||||||||||||||||||||
Portfolio turnover rate (6) | 16 | % | 110 | % | 92 | % | 77 | % | 173 | % | 7 | % | 7 | % | 24 | % | 33 | % | 1 | % | 46 | % | 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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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 | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 1/15/09*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 57.56 | $ | 59.24 | $ | 61.86 | $ | 52.18 | $ | 51.90 | $ | 60.71 | $ | 34.67 | $ | 35.80 | $ | 39.24 | $ | 33.73 | $ | 35.05 | $ | 33.05 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.85 | 1.86 | 2.56 | 3.19 | 2.52 | 2.08 | 0.16 | 0.40 | 0.54 | 0.51 | 0.46 | 0.21 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.11 | (1.44 | ) | (3.10 | ) | 7.90 | (1.96 | ) | (9.07 | ) | 0.95 | (1.53 | ) | (2.73 | ) | 4.97 | (1.41 | ) | 1.83 | |||||||||||||||||||||||||||||
Total from investment operations | 1.96 | 0.42 | (0.54 | ) | 11.09 | 0.56 | (6.99 | ) | 1.11 | (1.13 | ) | (2.19 | ) | 5.48 | (0.95 | ) | 2.04 | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | 0.35 | 0.03 | — | — | — | — | 0.07 | (0.06 | ) | |||||||||||||||||||||||||||||||||||
Other capital (1) | 0.04 | 0.10 | 0.05 | 0.09 | 0.17 | 0.07 | 0.00 | (3) | 0.00 | (3) | 0.01 | 0.03 | 0.10 | 0.07 | ||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.77 | ) | (1.62 | ) | (2.13 | ) | (1.50 | ) | (0.80 | ) | (0.04 | ) | (0.01 | ) | (0.00 | )(3) | (1.26 | ) | — | (0.54 | ) | (0.05 | ) | |||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (0.02 | ) | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Return of capital | — | (0.58 | ) | — | — | — | (1.88 | ) | — | — | — | — | (0.00 | )(3) | — | |||||||||||||||||||||||||||||||||
Total distributions | (0.77 | ) | (2.20 | ) | (2.13 | ) | (1.50 | ) | (0.80 | ) | (1.92 | ) | (0.03 | ) | — | (1.26 | ) | — | (0.54 | ) | (0.05 | ) | ||||||||||||||||||||||||||
Net asset value, end of period | $ | 58.79 | $ | 57.56 | $ | 59.24 | $ | 61.86 | $ | 52.18 | $ | 51.90 | $ | 35.75 | $ | 34.67 | $ | 35.80 | $ | 39.24 | $ | 33.73 | $ | 35.05 | ||||||||||||||||||||||||
Total return (4) | 3.48 | % | 0.67 | % | (0.69 | )% | 21.61 | % | 2.03 | % | (11.34 | )% | 3.21 | % | (3.14 | )% | (5.59 | )% | 16.34 | % | (2.32 | )% | 6.22 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 952,477 | $ | 1,162,731 | $ | 1,273,764 | $ | 1,360,851 | $ | 850,501 | $ | 394,482 | $ | 239,528 | $ | 211,479 | $ | 225,523 | $ | 251,107 | $ | 134,928 | $ | 10,514 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(5) | 0.50 | % | 0.50 | % | 0.52 | % | 0.50 | % | 0.50 | % | 0.35 | %(5) | 0.35 | % | 0.35 | % | 0.36 | % | 0.35 | % | 0.36 | %(5) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.87 | %(5) | 3.00 | % | 4.32 | % | 5.43 | % | 4.60 | % | 4.20 | % | 0.88 | %(5) | 1.11 | % | 1.47 | % | 1.37 | % | 1.30 | % | 1.39 | %(5) | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 4 | % | 43 | % | 40 | % | 23 | % | 40 | % | 50 | % | 37 | % | 71 | % | 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. |
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323
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 | Six Months | For the | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | Year Ended | Year Ended | 5/19/10*- | 12/31/13 | Year Ended | Year Ended | 2/23/11*- | ||||||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | (Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | ||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 56.29 | $ | 59.14 | $ | 61.84 | $ | 53.78 | $ | 54.19 | $ | 55.14 | $ | 34.17 | $ | 32.34 | $ | 34.81 | $ | 29.97 | $ | 30.00 | $ | 29.74 | $ | 30.79 | $ | 31.74 | $ | 30.00 | ||||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.62 | 1.29 | 1.39 | 1.42 | 1.48 | 1.51 | 0.34 | 0.77 | 0.97 | 0.93 | 0.07 | 0.75 | 1.57 | 1.57 | 0.55 | |||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.35 | (2.93 | ) | (1.79 | ) | 7.09 | (1.48 | ) | (1.32 | ) | 2.35 | 1.43 | (2.85 | ) | 4.44 | (0.14 | ) | (0.60 | ) | (1.13 | ) | (2.55 | ) | 1.06 | ||||||||||||||||||||||||||||||||||||
Total from investment operations | 1.97 | (1.64 | ) | (0.40 | ) | 8.51 | — | 0.19 | 2.69 | 2.20 | (1.88 | ) | 5.37 | (0.07 | ) | 0.15 | 0.44 | (0.98 | ) | 1.61 | ||||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | (0.08 | ) | (0.01 | ) | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
Other capital (1) | 0.00 | (3) | 0.01 | 0.03 | 0.04 | 0.10 | 0.02 | 0.03 | 0.09 | 0.08 | 0.26 | 0.04 | 0.05 | 0.14 | 0.57 | 0.41 | ||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.61 | ) | (1.22 | ) | (2.33 | ) | (0.49 | ) | (0.43 | ) | (1.15 | ) | (0.38 | ) | (0.46 | ) | (0.67 | ) | (0.78 | ) | — | (0.49 | ) | (1.54 | ) | (0.54 | ) | (0.28 | ) | |||||||||||||||||||||||||||||||
Net realized gains | (0.01 | ) | — | — | — | — | — | (0.02 | ) | (0.02 | ) | — | (0.01 | ) | — | — | (0.01 | ) | — | — | ||||||||||||||||||||||||||||||||||||||||
Return of capital | — | — | — | — | — | — | — | — | — | — | — | — | (0.08 | ) | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total distributions | (0.62 | ) | (1.22 | ) | (2.33 | ) | (0.49 | ) | (0.43 | ) | (1.15 | ) | (0.40 | ) | (0.48 | ) | (0.67 | ) | (0.79 | ) | — | (0.49 | ) | (1.63 | ) | (0.54 | ) | (0.28 | ) | |||||||||||||||||||||||||||||||
Contribution from Custodian | — | — | — | — | — | — | — | 0.02 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 57.64 | $ | 56.29 | $ | 59.14 | $ | 61.84 | $ | 53.78 | $ | 54.19 | $ | 36.49 | $ | 34.17 | $ | 32.34 | $ | 34.81 | $ | 29.97 | $ | 29.45 | $ | 29.74 | $ | 30.79 | $ | 31.74 | ||||||||||||||||||||||||||||||
Total return (4) | 3.51 | % | (2.86 | )% | (0.58 | )% | 15.95 | % | (0.01 | )% | 0.50 | % | 8.11 | % | 7.18 | %(5) | (5.17 | )% | 19.01 | % | (0.10 | )% | 0.38 | % | 1.97 | % | (1.30 | )% | 6.70 | % | ||||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 2,040,582 | $ | 1,891,366 | $ | 1,862,925 | $ | 1,583,074 | $ | 1,037,923 | $ | 1,089,231 | $ | 229,904 | $ | 184,513 | $ | 71,144 | $ | 52,208 | $ | 5,993 | $ | 182,618 | $ | 107,055 | $ | 197,030 | $ | 28,564 | ||||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(6) | 0.50 | % | 0.50 | % | 0.52 | % | 0.50 | % | 0.50 | % | 0.55 | %(6) | 0.55 | % | 0.55 | % | 0.55 | % | 0.55 | %(6) | 0.50 | %(6) | 0.50 | % | 0.50 | % | 0.50 | %(6) | ||||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.15 | %(6) | 2.16 | % | 2.32 | % | 2.41 | % | 2.62 | % | 2.91 | % | 1.88 | %(6) | 2.24 | % | 2.95 | % | 2.77 | % | 2.16 | %(6) | 4.96 | %(6) | 4.93 | % | 5.13 | % | 5.01 | %(6) | ||||||||||||||||||||||||||||||
Portfolio turnover rate (7) | 8 | % | 31 | % | 38 | % | 63 | % | 80 | % | 43 | % | 13 | % | 37 | % | 42 | % | 21 | % | 2 | % | 16 | % | 75 | % | 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) | 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 custodian had not made a contribution during the Year Ended 6/30/13, the total return would have been 7.13%. | |
(6) | Annualized. | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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325
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | Six Months | For the | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | Ended | Period | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
12/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 12/31/13 | Year Ended | 3/14/12*- | 12/31/13 | Year Ended | 11/30/11*- | 12/31/13 | Year Ended | 6/18/12*- | ||||||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | 6/30/11 | 6/30/10 | 6/30/09 | (Unaudited) | 6/30/13 | 6/30/12 | (Unaudited) | 6/30/13 | 6/30/12 | (Unaudited) | 6/30/13 | 6/30/12 | ||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 39.53 | $ | 39.16 | $ | 39.88 | $ | 37.99 | $ | 34.30 | $ | 43.82 | $ | 30.05 | $ | 29.77 | $ | 30.00 | $ | 30.47 | $ | 30.33 | $ | 30.00 | $ | 29.41 | $ | 30.08 | $ | 30.00 | ||||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 1.20 | 2.59 | 2.85 | 3.25 | 4.16 | 4.75 | 0.80 | 1.75 | 0.56 | 0.08 | 0.33 | 0.30 | 0.67 | 1.30 | 0.06 | |||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.08 | 0.38 | (0.53 | ) | 2.53 | 3.70 | (10.11 | ) | 0.74 | 0.23 | (0.60 | ) | 0.09 | 0.13 | 0.28 | 0.12 | (0.75 | ) | (0.20 | ) | ||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.28 | 2.97 | 2.32 | 5.78 | 7.86 | (5.36 | ) | 1.54 | 1.98 | (0.04 | ) | 0.17 | 0.46 | 0.58 | 0.79 | 0.55 | (0.14 | ) | ||||||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.01 | (0.01 | ) | 0.06 | 0.05 | 0.14 | 0.39 | 0.04 | 0.14 | 0.09 | 0.01 | 0.02 | 0.01 | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Other capital (1) | 0.00 | (3) | 0.03 | 0.03 | 0.01 | 0.00 | (3) | 0.00 | (3) | 0.00 | (3) | 0.04 | 0.08 | 0.02 | 0.05 | — | — | — | 0.22 | |||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.40 | ) | (2.62 | ) | (2.87 | ) | (3.34 | ) | (4.31 | ) | (4.55 | ) | (0.93 | ) | (1.88 | ) | (0.36 | ) | (0.10 | ) | (0.39 | ) | (0.26 | ) | (1.10 | ) | (1.22 | ) | — | |||||||||||||||||||||||||||||||
Net realized gains | — | — | (0.26 | ) | (0.61 | ) | — | — | — | — | — | (0.00 | )(3) | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Total distributions | (1.40 | ) | (2.62 | ) | (3.13 | ) | (3.95 | ) | (4.31 | ) | (4.55 | ) | (0.93 | ) | (1.88 | ) | (0.36 | ) | (0.10 | ) | (0.39 | ) | (0.26 | ) | (1.10 | ) | (1.22 | ) | — | |||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 40.42 | $ | 39.53 | $ | 39.16 | $ | 39.88 | $ | 37.99 | $ | 34.30 | $ | 30.70 | $ | 30.05 | $ | 29.77 | $ | 30.57 | $ | 30.47 | $ | 30.33 | $ | 29.10 | $ | 29.41 | $ | 30.08 | ||||||||||||||||||||||||||||||
Total return (4) | 5.91 | % | 7.70 | % | 6.50 | % | 15.87 | % | 24.22 | % | (10.13 | )%(5) | 5.32 | % | 7.40 | % | 0.44 | % | 0.65 | % | 1.77 | % | 1.95 | % | 2.78 | % | 1.63 | % | 0.27 | % | ||||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 9,965,111 | $ | 9,300,031 | $ | 10,780,535 | $ | 6,915,538 | $ | 4,301,252 | $ | 1,900,709 | $ | 3,048,463 | $ | 1,349,305 | $ | 133,966 | $ | 354,574 | $ | 42,655 | $ | 9,098 | $ | 14,552 | $ | 14,703 | $ | 15,041 | ||||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.40 | %(6) | 0.40 | % | 0.40 | % | 0.41 | % | 0.40 | % | 0.40 | % | 0.40 | %(6) | 0.40 | % | 0.40 | %(6) | 0.15 | %(6) | 0.15 | % | 0.15 | %(6) | 0.50 | %(6) | 0.50 | % | 0.50 | %(6) | ||||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 5.94 | %(6) | 6.41 | % | 7.38 | % | 8.13 | % | 10.96 | % | 14.81 | % | 5.19 | %(6) | 5.75 | % | 6.40 | %(6) | 0.50 | %(6) | 1.08 | % | 1.68 | %(6) | 4.51 | %(6) | 4.15 | % | 3.38 | %(6) | ||||||||||||||||||||||||||||||
Portfolio turnover rate (7) | 13 | % | 49 | % | 38 | % | 40 | % | 53 | % | 30 | % | 19 | % | 54 | % | 16 | % | 9 | % | 11 | % | 5 | % | 7 | % | 30 | % | 6 | % |
* | 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. |
326
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327
SPDR SERIES TRUST
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | ||||||||||||
Six Months | For the | |||||||||||
Ended | Period | |||||||||||
12/31/13 | Year Ended | 6/18/12*- | ||||||||||
(Unaudited) | 6/30/13 | 6/30/12 | ||||||||||
Net asset value, beginning of period | $ | 25.30 | $ | 25.24 | $ | 25.00 | ||||||
Income (loss) from investment operations: | ||||||||||||
Net investment income (loss) (1) | 0.51 | 1.05 | 0.05 | |||||||||
Net realized and unrealized gain (loss) (2) | 0.32 | (0.16 | ) | 0.19 | ||||||||
Total from investment operations | 0.83 | 0.89 | 0.24 | |||||||||
Net equalization credits and charges (1) | 0.01 | 0.06 | — | |||||||||
Other capital (1) | 0.02 | 0.11 | — | |||||||||
Distributions to shareholders from: | ||||||||||||
Net investment income | (0.69 | ) | (1.00 | ) | — | |||||||
Total distributions | (0.69 | ) | (1.00 | ) | — | |||||||
Net asset value, end of period | $ | 25.47 | $ | 25.30 | $ | 25.24 | ||||||
Total return (3) | 3.48 | % | 4.11 | % | 0.95 | % | ||||||
Net assets, end of period (in 000’s) | $ | 28,022 | $ | 22,770 | $ | 10,095 | ||||||
Ratio of expenses to average net assets | 0.30 | %(4) | 0.30 | % | 0.30 | %(4) | ||||||
Ratio of expenses to average net assets before waivers | 0.40 | %(4) | 0.40 | % | 0.40 | %(4) | ||||||
Ratio of net investment income (loss) to average net assets | 4.01 | %(4) | 4.01 | % | 3.64 | %(4) | ||||||
Portfolio turnover rate (5) | 7 | % | 20 | % | 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) | 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. |
328
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS
NOTES TO FINANCIAL STATEMENTS
December 31, 2013 (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, 2013, the Trust offered sixty-nine (69) 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 (30) Funds: SPDR Barclays 1-3 Month T-Bill ETF, SPDR Barclays TIPS ETF, SPDR Barclays 1-10 Year 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-nine (39) Funds are included in a separate 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
329
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
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 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. 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 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).The valuation of fixed income securities held by the Funds are obtained from an independent pricing service and categorized as Level 2 based on the use of other significant observable market based inputs (including quoted prices for similar securities, interest rates, prepayment speed, credit risk, etc). 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.
330
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
The following table summarizes the inputs used in valuing the Funds’ investments as of December 31, 2013:
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 | $ | 831,804 | $ | 1,164,580,984 | $ | — | $ | 1,165,412,788 | ||||||||
SPDR Barclays TIPS ETF | 19,837,111 | 574,134,994 | — | 593,972,105 | ||||||||||||
SPDR Barclays 1-10 Year TIPS ETF | 1,868,725 | 9,579,418 | — | 11,448,143 | ||||||||||||
SPDR Barclays Short Term Treasury ETF | 1,664,606 | 20,836,876 | — | 22,501,482 | ||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 16,055,826 | 166,323,151 | — | 182,378,977 | ||||||||||||
SPDR Barclays Long Term Treasury ETF | 4,912,425 | 35,548,350 | — | 40,460,775 | ||||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 89,171,923 | 2,886,226,432 | — | 2,975,398,355 | ||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 16,473,098 | 428,036,093 | — | 444,509,191 | ||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 4,443,316 | 80,319,576 | — | 84,762,892 | ||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | 3,501,810 | 27,245,593 | — | 30,747,403 | ||||||||||||
SPDR Barclays Convertible Securities ETF | 713,651,395 | 1,520,495,360 | — | 2,234,146,755 | ||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 93,703,353 | 111,322,228 | — | 205,025,581 | ||||||||||||
SPDR Barclays Aggregate Bond ETF | 134,672,388 | 658,020,863 | — | 792,693,251 | ||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | 2,328,740 | 901,790,876 | — | 904,119,616 | ||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 265,454 | 78,808,152 | — | 79,073,606 | ||||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 30,259 | 24,506,310 | — | 24,536,569 | ||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 8,593,383 | 2,083,390,124 | — | 2,091,983,507 | ||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 5,775 | 8,595,000 | — | 8,600,775 | ||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 4,496,706 | 172,626,536 | — | 177,123,242 | ||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | 245,773 | 42,915,854 | — | 43,161,627 | ||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | 5,915,812 | 944,681,135 | — | 950,596,947 | ||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 270,210 | 231,347,016 | — | 231,617,226 | ||||||||||||
SPDR Barclays International Treasury Bond ETF | 617,438 | 1,998,229,770 | — | 1,998,847,208 | ||||||||||||
SPDR Barclays International Corporate Bond ETF | 2,438,333 | 223,879,972 | — | 226,318,305 | ||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | 519,207 | 174,637,209 | — | 175,156,416 | ||||||||||||
SPDR Barclays High Yield Bond ETF | 92,978,300 | 9,738,970,435 | — | 9,831,948,735 | ||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | 73,675,985 | 2,938,526,339 | — | 3,012,202,324 | ||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 20,598,216 | 351,682,117 | — | 372,280,333 | ||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 2,167,851 | 14,329,062 | — | 16,496,913 | ||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 5,342,288 | 27,533,526 | — | 32,875,814 |
331
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
Fund — Other Financial Instruments* | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR Barclays International Corporate Bond ETF | $ | — | $ | (63,883 | ) | $ | — | $ | (63,883 | ) |
* | 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, 2013.
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.
332
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (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, 2013 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 Barclays International Corporate Bond ETF (a) | Forward Contract | $ | — | $ | 32,091 | $ | — | $ | — | $ | — | $ | — | $ | 32,091 |
(a) | Unrealized appreciation on forward currency contracts. |
Liability Derivatives | ||||||||||||||||||||||||||||||
Interest | Foreign | |||||||||||||||||||||||||||||
Rate | Exchange | Credit | Equity | Commodity | Other | |||||||||||||||||||||||||
Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | |||||||||||||||||||||||||
Risk | Risk | Risk | Risk | Risk | Risk | Total | ||||||||||||||||||||||||
SPDR Barclays International Corporate Bond ETF (a) | Forward Contract | $ | — | $ | 95,974 | $ | — | $ | — | $ | — | $ | — | $ | 95,974 |
(a) | Unrealized depreciation on forward currency contracts. |
333
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
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 Barclays International Corporate Bond ETF (a) | Forward Contract | $ | — | $ | (19,808 | ) | $ | — | $ | — | $ | — | $ | — | $ | (19,808 | ) |
(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 Barclays International Corporate Bond ETF (a) | Forward Contract | $ | — | $ | (98,406 | ) | $ | — | $ | — | $ | — | $ | — | $ | (98,406 | ) |
(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.
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 funds to experience higher transaction costs.
Inflation-Indexed Instruments
The SPDR Barclays TIPS ETF and SPDR DB International Government Inflation-Protected Bond ETF and SPDR Barclays 1-10 Year Tips 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.
334
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
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.
The Funds have reviewed the tax positions for the open tax years as of June 30, 2013 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 recognize 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, 2013, 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 | $ | (126,638 | ) | |
SPDR Barclays TIPS ETF | 3,940,260 | |||
SPDR Barclays 1-10 Year TIPS ETF | (57,351 | ) | ||
SPDR Barclays Short Term Treasury ETF | 18,091 | |||
SPDR Barclays Intermediate Term Treasury ETF | 2,409,344 | |||
SPDR Barclays Long Term Treasury ETF | (2,373,074 | ) | ||
SPDR Barclays Short Term Corporate Bond ETF | 3,392,821 |
335
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Net Gain (Loss) | ||||
Reclassified to | ||||
Paid in Capital | ||||
SPDR Barclays Intermediate Term Corporate Bond ETF | $ | 1,211,660 | ||
SPDR Barclays Long Term Corporate Bond ETF | (1,199,151 | ) | ||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | |||
SPDR Barclays Convertible Securities ETF | — | |||
SPDR Barclays Mortgage Backed Bond ETF | — | |||
SPDR Barclays Aggregate Bond ETF | 270,596 | |||
SPDR Nuveen Barclays Municipal Bond ETF | 2,520,909 | |||
SPDR Nuveen Barclays California Municipal Bond ETF | (473,350 | ) | ||
SPDR Nuveen Barclays New York Municipal Bond ETF | (143,057 | ) | ||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 608,471 | |||
SPDR Nuveen S&P VRDO Municipal Bond ETF | — | |||
SPDR Nuveen S&P High Yield Municipal Bond ETF | (2,661,290 | ) | ||
SPDR Nuveen Barclays Build America Bond ETF | (1,015,050 | ) | ||
SPDR DB International Government Inflation-Protected Bond ETF | — | |||
SPDR Barclays Short Term International Treasury Bond ETF | (30,073 | ) | ||
SPDR Barclays International Treasury Bond ETF | 970,912 | |||
SPDR Barclays International Corporate Bond ETF | 767,903 | |||
SPDR Barclays Emerging Markets Local Bond ETF | — | |||
SPDR Barclays High Yield Bond ETF | 41,385,748 | |||
SPDR Barclays Short Term High Yield Bond ETF | 979,813 | |||
SPDR Barclays Investment Grade Floating Rate ETF | 4,844 | |||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | — | |||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | — |
At December 31, 2013, the Funds had capital loss carryforwards which may be utilized to offset any net realized capital gains expiring June 30:
Non-Expiring — | Non-Expiring — | |||||||||||||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | Short Term | Long Term | ||||||||||||||||||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||
SPDR Barclays TIPS ETF | — | — | — | 18,724 | 209,542 | — | — | 1,745,409 | — | |||||||||||||||||||||||||||
SPDR Barclays 1-10 Year TIPS ETF | — | — | — | — | — | — | — | 2,188 | — | |||||||||||||||||||||||||||
SPDR Barclays Short Term Treasury ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Long Term Treasury ETF | — | — | — | — | 17,485 | 94,558 | — | 791,157 | 47,651 | |||||||||||||||||||||||||||
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 | — | — | — | — | — | — | — | 5,234,009 | 5,454,134 | |||||||||||||||||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
SPDR Barclays Aggregate Bond ETF | — | — | — | — | — | — | — | — | — |
336
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Non-Expiring — | Non-Expiring — | |||||||||||||||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | Short Term | Long Term | ||||||||||||||||||||||||||||
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 | — | — | — | — | — | — | — | 231,341 | — | |||||||||||||||||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | — | — | — | — | — | 2,012 | — | 785,645 | 71,452 | |||||||||||||||||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | — | — | — | 3,663,114 | 3,346,541 | 1,485,544 | — | — | 898,000 | |||||||||||||||||||||||||||
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 | — | — | — | — | — | — | — | — | — |
During the tax year ended June 30, 2013, 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 1-10 Year 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 | 22,256,358 | — |
337
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Amount Utilized | Amount Expired | |||||||
SPDR Barclays Short Term International Treasury Bond ETF | $ | 326,948 | $ | — | ||||
SPDR Barclays International Treasury Bond ETF | 8,613,762 | — | ||||||
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 | — | — |
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 Barclays 1-3 Month T-Bill ETF | $ | — | $ | — | ||||
SPDR Barclays TIPS ETF | — | — | ||||||
SPDR Barclays 1-10 Year 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 | (1,073,691 | ) | — | |||||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | — | ||||||
SPDR Barclays Convertible Securities ETF | — | — | ||||||
SPDR Barclays Mortgage Backed Bond ETF | (342,770 | ) | — | |||||
SPDR Barclays Aggregate Bond ETF | (1,084,233 | ) | — | |||||
SPDR Nuveen Barclays Municipal Bond ETF | (215,569 | ) | — | |||||
SPDR Nuveen Barclays California Municipal Bond ETF | (217,949 | ) | — | |||||
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 | — | — |
338
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Post October | Late Year | |||||||
Capital Loss Deferral | Ordinary Loss Deferral | |||||||
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 1-10 Year TIPS ETF | 0.1500 | |||
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 | * | ||
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 |
339
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Annual Rate | ||||
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 waive its advisory fee and reimburse certain expenses to the extent necessary to limit annual operating expenses (excluding extraordinary expenses and acquired fund fees and expenses) to 0.1345%, 0.23% and 0.45% until October 31, 2014 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 waive its advisory fee and reimburse certain expenses to the extent necessary to limit annual operating expenses (excluding fees and expenses not paid by the Adviser under the Investment Advisory Agreement) 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.
In the prior fiscal year the Custodian made a contribution of $82,000 to the SPDR Barclays International Corporate Bond ETF to correct for a processing error. This amount can be found on the Statements of Changes in Net Assets.
State Street also acts as the securities lending agent for the Funds, pursuant to an amended and restated securities lending authorization agreement dated November 28, 2007. Proceeds collected by State Street on investment of cash collateral or any fee income is allocated at 85% payment to the Fund, and 15% payable to State Street (after deduction of such other amounts payable to State Street under the terms of the securities lending agreement). 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 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, 2013, State Street earned securities lending agent fees from the following Funds:
Securities Lending | ||||
Agent Fees | ||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | 23,696 | ||
SPDR Barclays TIPS ETF | 5,197 | |||
SPDR Barclays 1-10 Year TIPS ETF | 40 | |||
SPDR Barclays Short Term Treasury ETF | 120 | |||
SPDR Barclays Intermediate Term Treasury ETF | 1,935 | |||
SPDR Barclays Long Term Treasury ETF | 690 | |||
SPDR Barclays Short Term Corporate Bond ETF | 15,499 | |||
SPDR Barclays Intermediate Term Corporate Bond ETF | 2,426 | |||
SPDR Barclays Long Term Corporate Bond ETF | 436 | |||
SPDR Barclays Issuer Scored Corporate Bond ETF | 112 | |||
SPDR Barclays Convertible Securities ETF | 53,434 | |||
SPDR Barclays Aggregate Bond ETF | 5,654 |
340
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Securities Lending | ||||
Agent Fees | ||||
SPDR Barclays International Treasury Bond ETF | $ | 197 | ||
SPDR Barclays International Corporate Bond ETF | 418 | |||
SPDR Barclays Emerging Markets Local Bond ETF | 5 | |||
SPDR Barclays Investment Grade Floating Rate ETF | 2,035 | |||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 431 | |||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 1,027 |
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, 2014 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 $170,000 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. Trustees’ 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
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.
341
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Amounts related to investments in Liquid Reserves Fund, Tax Free Money Market Fund and/or Prime Portfolio at December 31, 2013 and for the period then ended are:
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Liquid Reserves Fund | 6/30/13 | Cost | Shares | Proceeds | Shares | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | — | $ | 4,948,099 | 4,948,099 | $ | 4,116,295 | 4,116,295 | $ | 831,804 | $ | 247 | $ | — | ||||||||||||||||||
SPDR Barclays TIPS ETF | 387,010 | 7,497,825 | 7,497,825 | 7,587,155 | 7,587,155 | 297,680 | 284 | — | ||||||||||||||||||||||||
SPDR Barclays 1-10 Year TIPS ETF | 27,397 | 75,917 | 75,917 | 88,842 | 88,842 | 14,472 | 7 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term Treasury ETF | 27,049 | 3,523,293 | 3,523,293 | 2,892,995 | 2,892,995 | 657,347 | 44 | — | ||||||||||||||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 38,813 | 25,528,950 | 25,528,950 | 21,940,435 | 21,940,435 | 3,627,328 | 274 | — | ||||||||||||||||||||||||
SPDR Barclays Long Term Treasury ETF | 11,513 | 5,349,491 | 5,349,491 | 5,259,272 | 5,259,272 | 101,732 | 75 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 80,639,644 | 225,695,138 | 225,695,138 | 280,534,304 | 280,534,304 | 25,800,478 | 5,653 | — | ||||||||||||||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 13,946,204 | 20,798,725 | 20,798,725 | 32,576,809 | 32,576,809 | 2,168,120 | 1,334 | — | ||||||||||||||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 350,809 | 5,640,300 | 5,640,300 | 5,658,678 | 5,658,678 | 332,431 | 186 | — | ||||||||||||||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | 301,111 | 2,721,049 | 2,721,049 | 2,525,833 | 2,525,833 | 496,327 | 106 | — | ||||||||||||||||||||||||
SPDR Barclays Convertible Securities ETF | 17,350,410 | 236,559,690 | 236,559,690 | 249,005,478 | 249,005,478 | 4,904,622 | 5,201 | — | ||||||||||||||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 24,079,554 | 97,563,091 | 97,563,091 | 27,939,292 | 27,939,292 | 93,703,353 | 32,428 | — | ||||||||||||||||||||||||
SPDR Barclays Aggregate Bond ETF | 151,800,708 | 117,218,406 | 117,218,406 | 164,572,220 | 164,572,220 | 104,446,894 | 44,043 | — | ||||||||||||||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | 206,051 | 2,110,837 | 2,110,837 | 2,071,115 | 2,071,115 | 245,773 | 98 | — | ||||||||||||||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | 3,477,798 | 97,691,122 | 97,691,122 | 95,253,108 | 95,253,108 | 5,915,812 | 1,499 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 435,828 | 6,525,707 | 6,525,707 | 6,691,325 | 6,691,325 | 270,210 | 150 | — | ||||||||||||||||||||||||
SPDR Barclays International Treasury Bond ETF | 357,706 | 30,042,209 | 30,042,209 | 29,782,477 | 29,782,477 | 617,438 | 409 | — | ||||||||||||||||||||||||
SPDR Barclays International Corporate Bond ETF | 184,688 | 1,939,717 | 1,939,717 | 1,985,662 | 1,985,662 | 138,743 | 51 | — | ||||||||||||||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | — | 12,218,345 | 12,218,345 | 11,707,638 | 11,707,638 | 510,707 | 196 | — | ||||||||||||||||||||||||
SPDR Barclays High Yield Bond ETF | 88,606,233 | 900,016,432 | 900,016,432 | 895,644,365 | 895,644,365 | 92,978,300 | 23,521 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | 47,753,632 | 430,426,575 | 430,426,575 | 404,504,222 | 404,504,222 | 73,675,985 | 11,973 | — | ||||||||||||||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 955,640 | 52,258,738 | 52,258,738 | 50,430,925 | 50,430,925 | 2,783,453 | 1,287 | — | ||||||||||||||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 94,881 | 848,239 | 848,239 | 891,501 | 891,501 | 51,619 | 47 | — | ||||||||||||||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 720,761 | 4,745,512 | 4,745,512 | 5,337,453 | 5,337,453 | 128,820 | 115 | — |
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Tax Free Money Market Fund | 6/30/13 | Cost | Shares | Proceeds | Shares | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | $ | 12,878,973 | $ | 93,915,472 | 93,915,472 | $ | 104,465,705 | 104,465,705 | $ | 2,328,740 | $ | — | $ | — | ||||||||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 1,329,461 | 5,637,588 | 5,637,588 | 6,701,595 | 6,701,595 | 265,454 | — | — | ||||||||||||||||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 610,406 | 2,228,189 | 2,228,189 | 2,808,336 | 2,808,336 | 30,259 | — | — | ||||||||||||||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 1,846,267 | 192,113,385 | 192,113,385 | 185,366,269 | 185,366,269 | 8,593,383 | — | — | ||||||||||||||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 1,255,247 | 2,121,890 | 2,121,890 | 3,371,362 | 3,371,362 | 5,775 | — | — | ||||||||||||||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 840,176 | 14,184,056 | 14,184,056 | 12,316,162 | 12,316,162 | 2,708,070 | — | — |
342
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
Value at | Purchased | Sold | Value at | Realized | ||||||||||||||||||||||||||||
Prime Portfolio | 6/30/13 | Cost | Shares | Proceeds | Shares | 12/31/13 | Income | Gain/(Loss) | ||||||||||||||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | — | $ | 2,946,476,639 | 2,946,476,639 | $ | 2,946,476,639 | 2,946,476,639 | $ | — | $ | 134,274 | $ | — | ||||||||||||||||||
SPDR Barclays TIPS ETF | 113,265,800 | 287,550,272 | 287,550,272 | 381,276,641 | 381,276,641 | 19,539,431 | 29,444 | — | ||||||||||||||||||||||||
SPDR Barclays 1-10 Year TIPS ETF | — | 8,006,083 | 8,006,083 | 6,151,830 | 6,151,830 | 1,854,253 | 225 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term Treasury ETF | 520,414 | 6,472,279 | 6,472,279 | 5,985,434 | 5,985,434 | 1,007,259 | 676 | — | ||||||||||||||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 20,282,916 | 56,667,825 | 56,667,825 | 64,522,243 | 64,522,243 | 12,428,498 | 10,954 | — | ||||||||||||||||||||||||
SPDR Barclays Long Term Treasury ETF | 6,294,185 | 27,927,525 | 27,927,525 | 29,411,017 | 29,411,017 | 4,810,693 | 3,908 | — | ||||||||||||||||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 132,444,155 | 229,188,813 | 229,188,813 | 298,261,523 | 298,261,523 | 63,371,445 | 87,775 | — | ||||||||||||||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 15,832,895 | 28,237,454 | 28,237,454 | 29,765,371 | 29,765,371 | 14,304,978 | 13,713 | — | ||||||||||||||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 3,200,680 | 8,846,630 | 8,846,630 | 7,936,425 | 7,936,425 | 4,110,885 | 2,428 | — | ||||||||||||||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | 3,754,988 | 3,754,988 | 749,505 | 749,505 | 3,005,483 | 622 | — | ||||||||||||||||||||||||
SPDR Barclays Convertible Securities ETF | 83,201,808 | 412,436,053 | 412,436,053 | 275,418,798 | 275,418,798 | 220,219,063 | 302,746 | — | ||||||||||||||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
SPDR Barclays Aggregate Bond ETF | 49,926,947 | 93,486,019 | 93,486,019 | 113,187,472 | 113,187,472 | 30,225,494 | 31,884 | — | ||||||||||||||||||||||||
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 | — | 3,335,748 | 3,335,748 | 3,335,748 | 3,335,748 | — | 1,115 | — | ||||||||||||||||||||||||
SPDR Barclays International Corporate Bond ETF | 2,067,217 | 6,255,579 | 6,255,579 | 6,023,206 | 6,023,206 | 2,299,590 | 2,363 | — | ||||||||||||||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | 8,500 | 405,000 | 405,000 | 405,000 | 405,000 | 8,500 | 29 | — | ||||||||||||||||||||||||
SPDR Barclays High Yield Bond ETF | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 4,106,185 | 91,255,584 | 91,255,584 | 77,547,006 | 77,547,006 | 17,814,763 | 11,509 | — | ||||||||||||||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 1,708,185 | 9,773,110 | 9,773,110 | 9,365,063 | 9,365,063 | 2,116,232 | 2,434 | — | ||||||||||||||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 4,195,830 | 10,496,441 | 10,496,441 | 9,478,803 | 9,478,803 | 5,213,468 | 5,711 | — |
4. | Shareholder Transactions |
Shares are issued and redeemed by all Funds, except SPDR Barclays High Yield Bond ETF, only in Creation Unit size aggregations of 100,000 shares. SPDR Barclays High Yield Bond ETF issues and redeems shares in Creation Unit size aggregations of 250,000 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 $250 to $1,500 per Creation Unit for each Fund, regardless of the number of Creation Units that are created or redeemed on the same day, are charged to those
343
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
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 Changes in Net Assets.
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, 2013 was as follows:
�� | ||||||||||||||||
Gross | Gross | Net Unrealized | ||||||||||||||
Identified | Unrealized | Unrealized | Appreciation | |||||||||||||
Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | $ | 1,165,409,293 | $ | 18,465 | $ | 14,970 | $ | 3,495 | ||||||||
SPDR Barclays TIPS ETF | 608,453,714 | 4,315,416 | 18,797,025 | (14,481,609 | ) | |||||||||||
SPDR Barclays 1-10 Year TIPS ETF | 11,757,970 | 3,424 | 313,251 | (309,827 | ) | |||||||||||
SPDR Barclays Short Term Treasury ETF | 22,530,994 | 16,703 | 46,215 | (29,512 | ) | |||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 183,370,872 | 525,649 | 1,517,544 | (991,895 | ) | |||||||||||
SPDR Barclays Long Term Treasury ETF | 46,960,550 | — | 6,499,775 | (6,499,775 | ) | |||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 2,965,539,462 | 12,314,062 | 2,455,169 | 9,858,893 | ||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 442,159,974 | 7,956,429 | 5,607,212 | 2,349,217 | ||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 89,220,600 | 1,057,955 | 5,515,663 | (4,457,708 | ) | |||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | 30,863,209 | 567,320 | 683,126 | (115,806 | ) | |||||||||||
SPDR Barclays Convertible Securities ETF | 2,000,067,174 | 268,227,051 | 34,147,470 | 234,079,581 | ||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 205,633,122 | 277,463 | 885,004 | (607,541 | ) | |||||||||||
SPDR Barclays Aggregate Bond ETF | 796,507,107 | 8,849,065 | 12,662,921 | (3,813,856 | ) | |||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | 917,103,312 | 13,005,128 | 25,988,824 | (12,983,696 | ) | |||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 80,087,566 | 1,622,755 | 2,636,715 | (1,013,960 | ) | |||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 25,054,034 | 288,153 | 805,618 | (517,465 | ) | |||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 2,078,154,202 | 17,147,906 | 3,318,601 | 13,829,305 | ||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 8,600,775 | — | — | — | ||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 189,298,432 | 2,090,242 | 14,265,432 | (12,175,190 | ) | |||||||||||
SPDR Nuveen Barclays Build America Bond ETF | 46,699,648 | 302,483 | 3,840,504 | (3,538,021 | ) | |||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | 922,467,941 | 73,604,809 | 45,475,803 | 28,129,006 | ||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 233,758,145 | 6,816,224 | 8,957,143 | (2,140,919 | ) | |||||||||||
SPDR Barclays International Treasury Bond ETF | 2,009,623,566 | 93,717,205 | 104,493,563 | (10,776,358 | ) | |||||||||||
SPDR Barclays International Corporate Bond ETF | 216,485,742 | 10,208,416 | 375,853 | 9,832,563 | ||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | 181,961,103 | 3,324,926 | 10,129,613 | (6,804,687 | ) | |||||||||||
SPDR Barclays High Yield Bond ETF | 9,792,696,713 | 167,784,217 | 128,532,195 | 39,252,022 | ||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | 2,985,123,987 | 43,488,222 | 16,409,885 | 27,078,337 | ||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 371,488,020 | 831,715 | 39,402 | 792,313 | ||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 16,832,014 | 259,080 | 594,181 | (335,101 | ) | |||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 32,990,426 | 464,170 | 578,782 | (114,612 | ) |
344
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
6. | Investment Transactions |
For the six months ended December 31, 2013, 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 | $ | 495,351,955 | $ | 1,004,589,738 | $ | (126,638 | ) | |||||
SPDR Barclays TIPS ETF | 16,578,810 | 77,035,203 | 3,940,260 | |||||||||
SPDR Barclays 1-10 Year TIPS ETF | 1,943,229 | 3,845,232 | (57,351 | ) | ||||||||
SPDR Barclays Short Term Treasury ETF | 17,797,046 | 2,984,522 | 18,091 | |||||||||
SPDR Barclays Intermediate Term Treasury ETF | 117,353,662 | 122,132,345 | 2,409,344 | |||||||||
SPDR Barclays Long Term Treasury ETF | 6,116,413 | 24,466,602 | (2,373,074 | ) | ||||||||
SPDR Barclays Short Term Corporate Bond ETF | 523,223,446 | 546,912,215 | 3,392,821 | |||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 89,886,901 | 57,581,001 | 1,211,660 | |||||||||
SPDR Barclays Long Term Corporate Bond ETF | 14,747,630 | 29,399,124 | (1,199,151 | ) | ||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | — | — | |||||||||
SPDR Barclays Convertible Securities ETF | 548,469,507 | — | — | |||||||||
SPDR Barclays Mortgage Backed Bond ETF | — | — | — | |||||||||
SPDR Barclays Aggregate Bond ETF | 18,613,393 | 27,230,737 | 270,596 | |||||||||
SPDR Nuveen Barclays Municipal Bond ETF | 36,632,881 | 194,848,195 | 2,520,909 | |||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | — | 22,863,277 | (473,350 | ) | ||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | — | 6,766,099 | (143,057 | ) | ||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 108,453,522 | 45,786,608 | 608,471 | |||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | — | — | — | |||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 9,013,578 | 41,071,828 | (2,661,290 | ) | ||||||||
SPDR Nuveen Barclays Build America Bond ETF | — | 32,660,954 | (1,015,050 | ) | ||||||||
SPDR DB International Government Inflation-Protected Bond ETF | — | — | — | |||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 26,120,866 | 3,792,271 | (30,073 | ) | ||||||||
SPDR Barclays International Treasury Bond ETF | 112,450,624 | 39,753,162 | 970,912 | |||||||||
SPDR Barclays International Corporate Bond ETF | 36,123,586 | 17,318,883 | 767,903 | |||||||||
SPDR Barclays Emerging Markets Local Bond ETF | — | — | — | |||||||||
SPDR Barclays High Yield Bond ETF | 3,433,536,404 | 3,095,153,855 | 41,385,748 | |||||||||
SPDR Barclays Short Term High Yield Bond ETF | 1,643,357,579 | 34,363,990 | 979,813 | |||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 285,044,545 | 9,083,774 | 4,844 | |||||||||
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.
345
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
For the six months ended December 31, 2013, 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* | $ | 4,065,339,082 | $ | 3,825,206,239 | $ | — | $ | — | ||||||||
SPDR Barclays TIPS ETF | 61,121,588 | 61,329,163 | — | — | ||||||||||||
SPDR Barclays 1-10 Year TIPS ETF | 1,383,039 | 1,350,722 | — | — | ||||||||||||
SPDR Barclays Short Term Treasury ETF* | 3,777,642 | 3,620,489 | — | — | ||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 25,078,901 | 24,427,153 | — | — | ||||||||||||
SPDR Barclays Long Term Treasury ETF | 6,577,738 | 6,519,249 | — | — | ||||||||||||
SPDR Barclays Short Term Corporate Bond ETF* | — | — | 579,525,112 | 525,304,403 | ||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | — | — | 27,059,358 | 17,793,016 | ||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | — | — | 5,512,601 | 4,802,498 | ||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | — | — | 3,879,275 | 10,224,789 | ||||||||||||
SPDR Barclays Convertible Securities ETF | — | — | 377,982,417 | 286,267,203 | ||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 266,922,774 | 178,687,228 | — | — | ||||||||||||
SPDR Barclays Aggregate Bond ETF | 351,025,596 | 350,317,894 | 23,571,915 | 13,310,460 | ||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | — | — | 132,992,138 | 111,660,815 | ||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | — | — | 9,027,407 | 4,607,780 | ||||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | — | — | 3,670,794 | 2,810,723 | ||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF* | — | — | 295,629,216 | 173,800,048 | ||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF* | — | — | 1,660,000 | 7,415,000 | ||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | — | — | 12,949,145 | 13,726,021 | ||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | — | — | 414,989 | 604,418 | ||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | — | — | 47,053,430 | 274,925,213 | ||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF* | — | — | 83,624,175 | 83,841,101 | ||||||||||||
SPDR Barclays International Treasury Bond ETF | — | — | 195,104,446 | 148,532,003 | ||||||||||||
SPDR Barclays International Corporate Bond ETF | — | — | 39,682,314 | 26,135,064 | ||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | — | — | 94,829,708 | 22,191,592 | ||||||||||||
SPDR Barclays High Yield Bond ETF* | — | — | 1,337,739,320 | 1,249,256,589 | ||||||||||||
SPDR Barclays Short Term High Yield Bond ETF* | — | — | 449,842,525 | 430,635,272 | ||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | — | — | 62,690,774 | 24,239,228 | ||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | — | — | 1,002,932 | 979,284 | ||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | — | — | 8,708,237 | 1,969,774 |
* Fund includes investments in short-term securities.
For the six months ended December 31, 2013, the Trust did not pay any commissions to an affiliate of the Adviser for investment transactions.
346
SPDR SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
December 31, 2013 (Unaudited)
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.
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 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 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 the 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, 2013 and the value of the invested cash collateral are disclosed in the Funds’ Statements of Assets and Liabilities. Non-cash collateral is not disclosed in the Funds’ Statement of Assets and Liabilities as it is held by the lending agent on behalf of the Funds and the Funds do not have the ability to re-hypothecate those securities. 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 |
The Fund has adopted the disclosure provisions of Financial Accounting Standards Board(“FASB”) Accounting Standards Update 2011-11 (“ASU 2011-11”), Balance Sheet (Topic 210) — Disclosures about Offsetting Assets and Liabilities along with the related scope clarification provisions of FASB Accounting Standards Update 2013-01 (“ASU 2013-01”) entitled Balance Sheet (Topic 210) — Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. ASU 2011-11 is intended to enhance disclosures on the offsetting of financial assets and liabilities by requiring entities to disclose both gross and net information about financial instruments and transactions that are either offset in the statement of assets and liabilities or subject to a master netting agreement or similar arrangement. ASU 2013-01 limits the scope of ASU 2011-11’s disclosure requirements on offsetting to financial assets and financial liabilities related to derivatives, repurchase and reverse repurchase agreements, and securities lending and securities borrowing transactions. Management has determined that there is no material impact to the financial statements.
347
SPDR SERIES TRUST
OTHER INFORMATION
OTHER INFORMATION
December 31, 2013 (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, 2013 and held for the six months ended December 31, 2013.
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 | 7/1/13 to | |||||||||||||
Actual | Expense Ratio | 7/1/13 | 12/31/13 | 12/31/13 | ||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | 0.14 | % | $ | 1,000 | $ | 999.60 | $ | 0.71 | ||||||||
SPDR Barclays TIPS ETF | 0.19 | 1,000 | 983.80 | 0.95 | ||||||||||||
SPDR Barclays 1-10 Year TIPS ETF | 0.15 | 1,000 | 995.50 | 0.75 | ||||||||||||
SPDR Barclays Short Term Treasury ETF | 0.12 | 1,000 | 1,002.90 | 0.61 | ||||||||||||
SPDR Barclays Intermediate Term Treasury ETF | 0.14 | 1,000 | 998.80 | 0.71 | ||||||||||||
SPDR Barclays Long Term Treasury ETF | 0.14 | 1,000 | 947.30 | 0.69 | ||||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 0.13 | 1,000 | 1,012.60 | 0.66 | ||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 0.15 | 1,000 | 1,018.70 | 0.76 | ||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 0.15 | 1,000 | 1,019.80 | 0.76 | ||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | 0.16 | 1,000 | 1,016.10 | 0.81 | ||||||||||||
SPDR Barclays Convertible Securities ETF | 0.40 | 1,000 | 1,122.40 | 2.14 | ||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 0.20 | 1,000 | 1,007.50 | 1.01 |
348
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2013 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/13 to | |||||||||||||
Actual | Expense Ratio | 7/1/13 | 12/31/13 | 12/31/13 | ||||||||||||
SPDR Barclays Aggregate Bond ETF | 0.13 | % | $ | 1,000 | $ | 1,004.90 | $ | 0.66 | ||||||||
SPDR Nuveen Barclays Municipal Bond ETF | 0.23 | 1,000 | 1,004.20 | 1.16 | ||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 0.20 | 1,000 | 1,010.30 | 1.01 | ||||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 0.20 | 1,000 | 1,004.40 | 1.01 | ||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 0.20 | 1,000 | 1,014.50 | 1.02 | ||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 0.20 | 1,000 | 999.70 | 1.01 | ||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 0.45 | 1,000 | 973.90 | 2.24 | ||||||||||||
SPDR Nuveen Barclays Build America Bond ETF | 0.35 | 1,000 | 999.90 | 1.76 | ||||||||||||
SPDR DB International Government Inflation-Protected Bond ETF | 0.50 | 1,000 | 1,034.80 | 2.56 | ||||||||||||
SPDR Barclays Short Term International Treasury Bond ETF | 0.35 | 1,000 | 1,032.10 | 1.79 | ||||||||||||
SPDR Barclays International Treasury Bond ETF | 0.50 | 1,000 | 1,035.10 | 2.56 | ||||||||||||
SPDR Barclays International Corporate Bond ETF | 0.55 | 1,000 | 1,081.10 | 2.89 | ||||||||||||
SPDR Barclays Emerging Markets Local Bond ETF | 0.50 | 1,000 | 1,003.80 | 2.53 | ||||||||||||
SPDR Barclays High Yield Bond ETF | 0.40 | 1,000 | 1,059.10 | 2.08 | ||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | 0.40 | 1,000 | 1,053.20 | 2.07 | ||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 0.15 | 1,000 | 1,006.50 | 0.76 | ||||||||||||
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF | 0.50 | 1,000 | 1,027.80 | 2.56 | ||||||||||||
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF | 0.30 | 1,000 | 1,034.80 | 1.54 | ||||||||||||
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/13 to | |||||||||||||
Hypothetical | Expense Ratio | 7/1/13 | 12/31/13 | 12/31/13 | ||||||||||||
SPDR Barclays 1-3 Month T-Bill ETF | 0.14 | % | $ | 1,000 | $ | 1,024.50 | $ | 0.71 | ||||||||
SPDR Barclays TIPS ETF | 0.19 | 1,000 | 1,024.25 | 0.97 | ||||||||||||
SPDR Barclays 1-10 Year TIPS ETF | 0.15 | 1,000 | 1,024.45 | 0.77 | ||||||||||||
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 | 1,024.50 | 0.71 | ||||||||||||
SPDR Barclays Long Term Treasury ETF | 0.14 | 1,000 | 1,024.50 | 0.71 | ||||||||||||
SPDR Barclays Short Term Corporate Bond ETF | 0.13 | 1,000 | 1,024.55 | 0.66 | ||||||||||||
SPDR Barclays Intermediate Term Corporate Bond ETF | 0.15 | 1,000 | 1,024.45 | 0.77 | ||||||||||||
SPDR Barclays Long Term Corporate Bond ETF | 0.15 | 1,000 | 1,024.45 | 0.77 |
349
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2013 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 7/1/13 to | |||||||||||||
Hypothetical | Expense Ratio | 7/1/13 | 12/31/13 | 12/31/13 | ||||||||||||
SPDR Barclays Issuer Scored Corporate Bond ETF | 0.16 | % | $ | 1,000 | $ | 1,024.40 | $ | 0.82 | ||||||||
SPDR Barclays Convertible Securities ETF | 0.40 | 1,000 | 1,023.19 | 2.04 | ||||||||||||
SPDR Barclays Mortgage Backed Bond ETF | 0.20 | 1,000 | 1,024.20 | 1.02 | ||||||||||||
SPDR Barclays Aggregate Bond ETF | 0.13 | 1,000 | 1,024.55 | 0.66 | ||||||||||||
SPDR Nuveen Barclays Municipal Bond ETF | 0.23 | 1,000 | 1,024.05 | 1.17 | ||||||||||||
SPDR Nuveen Barclays California Municipal Bond ETF | 0.20 | 1,000 | 1,024.20 | 1.02 | ||||||||||||
SPDR Nuveen Barclays New York Municipal Bond ETF | 0.20 | 1,000 | 1,024.20 | 1.02 | ||||||||||||
SPDR Nuveen Barclays Short Term Municipal Bond ETF | 0.20 | 1,000 | 1,024.20 | 1.02 | ||||||||||||
SPDR Nuveen S&P VRDO Municipal Bond ETF | 0.20 | 1,000 | 1,024.20 | 1.02 | ||||||||||||
SPDR Nuveen S&P High Yield Municipal Bond ETF | 0.45 | 1,000 | 1,022.94 | 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 | 1,023.19 | 2.04 | ||||||||||||
SPDR Barclays Short Term High Yield Bond ETF | 0.40 | 1,000 | 1,023.19 | 2.04 | ||||||||||||
SPDR Barclays Investment Grade Floating Rate ETF | 0.15 | 1,000 | 1,024.45 | 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. |
350
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2013 (Unaudited)
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 a Fund voted proxies relating to its portfolio securities during the 12-month 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.
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, 2013, 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 and non-operational fixed income series of the Trust (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 provided by, or to be provided by, the Adviser with respect to the SPDR ETFs under the Agreement, (ii) the investment performance of the operational SPDR ETFs, (iii) the costs to the Adviser of its services and profits realized by the Adviser from its relationship with the Trust, and (iv) 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 provided by, or 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 responsibilities for managing investment operations of each of the SPDR ETFs, in accordance with each SPDR ETF’s investment objective, investment policies, and applicable legal and regulatory requirements. The Board appreciated the relatively unique nature of the SPDR ETFs, as ETFs, 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 SSgA, with which the Adviser shares all of its senior personnel. The
351
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2013 (Unaudited)
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 and also considered the Adviser’s experience in managing equity ETFs.
The Board then reviewed the operational SPDR ETFs’ performance, noting that the distinctive indexed investment objective of each of the SPDR ETFs made analysis of investment performance, in absolute terms, less of a priority than that which normally attaches to the performance of actively-managed funds. Instead, the Board focused on the extent to which each SPDR ETF achieved its objective as a passively managed index fund. The Board reviewed information regarding the SPDR ETFs’ index tracking and tracking error, noting that each SPDR ETF satisfactorily tracked its benchmark index.
The Board considered the profitability of the advisory arrangement with the operational SPDR ETFs to the Adviser, including data on the SPDR ETFs’ historical profitability to the Adviser. The Independent Trustees, through their counsel, had the opportunity to discuss, with representatives of the Adviser and State Street, methodologies used in computing costs that formed the bases of profitability calculations and determined that these methodologies were reasonable.
The Board also considered whether the Adviser or its affiliates 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 recognized that the Adviser is likely to realize economies of scale in managing the SPDR ETFs as assets grow in size and noted the Adviser’s assertion that such economies of scale are shared with the SPDR ETFs by way of the relatively low advisory fee and unitary fee structure of the Trust. the Board noted that it intends to continue to monitor fees as 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 ETFs for the SPDR ETFs based upon data from Lipper Analytical Services and related comparative information for similar ETFs. The Board also reviewed the historical and estimated expense ratios, respectively, of the operational and non-operational SPDR ETFs. In doing so, the Board used a fund by fund analysis of the data.
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 provided by, or expected to be provided by, the Adviser with respect to the SPDR ETFs; (b) the performance, and, more importantly, the index tracking of each SPDR ETF had been satisfactory; (c) the Adviser’s fees for each SPDR ETF and the unitary fee, considered in relation to services provided or expected to be provided, were fair and reasonable; (d) profitability of the Trust’s relationships with the Adviser was not excessive; (e) any additional benefits to the Adviser or its affiliates were not of a magnitude to materially affect the Board’s conclusions; and (f) fees paid to the Adviser adequately shared the economies of scale with the SPDR ETFs by way of the relatively low fee structure of the Trust.
At in-person meetings held prior to December 31, 2013, 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 other 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.
352
SPDR SERIES TRUST
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
December 31, 2013 (Unaudited)
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 appropriate; (b) the performance, and more importantly, the index tracking, of each Municipal Bond ETF had been satisfactory; (c) Nuveen’s fees for each Municipal Bond ETF and the unitary fee, considered in relation to the services provided, were fair and reasonable; (d) any additional benefits to the Nuveen were not of a magnitude to materially affect the Board’s conclusions; and (e) the fees paid to Nuveen adequately shared the economies of scale with each applicable Municipal Bond ETF.
At an in-person meeting held prior to December 31, 2013, 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.
The Board considered the background and experience of each of SSgA Limited’s senior management and in particular SSgA Limited’s experience in investing in foreign fixed income securities. The Board also considered that each Foreign Fixed Income ETF satisfactorily tracked its benchmark index. The Board determined that the unitary fee paid to the Adviser by each Foreign Fixed Income ETF was fair and reasonable and that SSgA Limited’s fees are paid by the Adviser and were also considered as reasonable in light of the anticipated services.
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; (b) the performance, and more importantly, the index tracking, of each Foreign Fixed Income ETF had been satisfactory; (c) SSgA Limited’s fees for each Foreign Fixed Income ETF and the unitary fee, considered in relation to the services provided, were fair and reasonable; (d) any additional benefits to the SSgA Limited were not of a magnitude to materially affect the Board’s conclusions; and (e) the fees paid to SSgA Limited adequately shared the economies of scale with each applicable Foreign Fixed Income ETF.
353
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 Russell 3000® ETF (THRK)
SPDR Russell 1000® ETF (ONEK)
SPDR Russell 2000® ETF (TWOK)
SPDR S&P 500 Growth ETF (SPYG)
SPDR S&P 500 Value ETF (SPYV)
SPDR Russell Small Cap Completeness ETF (RSCO)
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 1-10 Year TIPS ETF (TIPX)
SPDR Barclays Short Term Treasury ETF (SST)
SPDR Barclays Intermediate Term Treasury ETF (ITE)
SPDR Barclays Long Term Treasury ETF (TLO)
SPDR 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 S&P Global Infrastructure 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 MSCI EM Beyond BRIC ETF (EMBB)
SPDR Russell/Nomura PRIMEtm Japan ETF (JPP)
SPDR Russell/Nomura Small Captm Japan ETF (JSC)
SPDR S&P Global Dividend ETF (WDIV)
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 Sector 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 Blackstone/GSO Senior Loan ETF (SRLN)
SPDR SSgA Ultra Short Term Bond ETF (ULST)
SPDR MFS Systematic Core Equity ETF (SYE)
SPDR MFS Systematic Value Equity ETF (SYV)
SPDR MFS Systematic Growth Equity ETF (SYG)
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 ALPS Portfolio Solutions Distributors, Inc. is the distributor for 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 officers Ellen M. Needham, President Ann Carpenter, Vice President Michael P. Riley, Vice President Chad C. Hallett, Treasurer Matthew W. Flaherty, Assistant Treasurer Laura F. Dell, Assistant Treasurer Christopher A. Madden, Secretary Danio Mastropieri, Assistant Secretary Brian Harris, Chief Compliance Officer investment manager SSgA Funds Management, Inc. State Street Financial Center One Lincoln Street Boston, MA 02111 distributor State Street Global Markets, LLC One Lincoln Street Boston, MA 02111 custodian, administrator and transfer agent State Street Bank and Trust Company One Lincoln Street Boston, MA 02111 legal counsel Bingham McCutchen LLP 2020 K Street NW Washington, DC 20006 independent registered public accounting firm Ernst & Young LLP 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. 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, and all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc. is distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are 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. © 2014 State Street Corporation SPDRFISAR IBG-10866 |
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 (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) 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) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
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 10, 2014
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 10, 2014
By: | /s/ Chad C. Hallett | |||
Chad C. Hallett | ||||
Treasurer and Principal Financial Officer | ||||
Date: March 10, 2014