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: 811-21145
SPDR® INDEX SHARES FUNDS
(Exact name of registrant as specified in charter)
One Lincoln Street, Boston, Massachusetts 02111
(Address of principal executive offices) (zip code)
Mark E. Tuttle, Esq.
State Street Bank and Trust Company
One Lincoln Street / CPH0326
Boston, MA 02111
(Name and address of agent for service)
State Street Bank and Trust Company
One Lincoln Street / CPH0326
Boston, MA 02111
(Name and address of agent for service)
Copy to:
W. John McGuire, Esq.
Bingham McCutchen LLP
2020 K Street, N.W.
Washington, DC 20006
Bingham McCutchen LLP
2020 K Street, N.W.
Washington, DC 20006
Registrant’s telephone number, including area code: (866) 787-2257
Date of fiscal year end: September 30
Date of reporting period: March 31, 2013
Item 1: Report to Shareholders
SPDR® Index Shares Funds
Semi-Annual Report March 31, 2013
Semi-Annual Report March 31, 2013
![]() | Precise in a world that isn’t.SM |
TABLE OF CONTENTS
Performance & Portfolio Summaries | ||
SPDR® STOXX® Europe 50® ETF (FEU) | 1 | |
SPDR EURO STOXX 50 ETF (FEZ) | 4 | |
SPDR S&P® Emerging Asia Pacific ETF (GMF) | 7 | |
SPDR S&P Small Cap Emerging Asia Pacific ETF (GMFS) | 10 | |
SPDR S&P Russia ETF (RBL) | 13 | |
SPDR S&P China ETF (GXC) | 16 | |
SPDR S&P Emerging Markets ETF (GMM) | 19 | |
SPDR S&P Emerging Markets Dividend ETF (EDIV) | 22 | |
SPDR S&P BRIC 40 ETF (BIK) | 25 | |
SPDR S&P Emerging Europe ETF (GUR) | 28 | |
SPDR S&P Emerging Latin America ETF (GML) | 31 | |
SPDR S&P Emerging Middle East & Africa ETF (GAF) | 34 | |
SPDR S&P World ex-US ETF (GWL) | 37 | |
SPDR S&P International Small Cap ETF (GWX) | 40 | |
SPDR Dow Jones International Real Estate ETF (RWX) | 43 | |
SPDR S&P Global Infrastructure ETF (GII) (formerly SPDR FTSE/Macquarie Global Infrastructure 100 ETF) | 46 | |
SPDR S&P Global Natural Resources ETF (GNR) | 49 | |
SPDR MSCI ACWI ex-US ETF (CWI) | 52 | |
SPDR MSCI ACWI IMI ETF (ACIM) | 55 | |
SPDR MSCI EM 50 ETF (EMFT) | 58 | |
SPDR Russell/Nomura PRIMETM Japan ETF (JPP) | 61 | |
SPDR Russell/Nomura Small CapTM Japan ETF (JSC) | 64 | |
SPDR S&P International Dividend ETF (DWX) | 67 | |
SPDR S&P International Mid Cap ETF (MDD) | 70 | |
SPDR S&P Emerging Markets Small Cap ETF (EWX) | 73 | |
SPDR Dow Jones Global Real Estate ETF (RWO) | 76 | |
SPDR S&P International Consumer Discretionary Sector ETF (IPD) | 79 | |
SPDR S&P International Consumer Staples Sector ETF (IPS) | 82 | |
SPDR S&P International Energy Sector ETF (IPW) | 85 | |
SPDR S&P International Financial Sector ETF (IPF) | 88 | |
SPDR S&P International Health Care Sector ETF (IRY) | 91 | |
SPDR S&P International Industrial Sector ETF (IPN) | 94 | |
SPDR S&P International Materials Sector ETF (IRV) | 97 | |
SPDR S&P International Technology Sector ETF (IPK) | 100 | |
SPDR S&P International Telecommunications Sector ETF (IST) | 103 | |
SPDR S&P International Utilities Sector ETF (IPU) | 106 | |
Schedules of Investments | ||
SPDR STOXX Europe 50 ETF (FEU) | 109 | |
SPDR EURO STOXX 50 ETF (FEZ) | 110 | |
SPDR S&P Emerging Asia Pacific ETF (GMF) | 111 | |
SPDR S&P Small Cap Emerging Asia Pacific ETF (GMFS) | 115 |
SPDR S&P Russia ETF (RBL) | 121 | |
SPDR S&P China ETF (GXC) | 123 | |
SPDR S&P Emerging Markets ETF (GMM) | 129 | |
SPDR S&P Emerging Markets Dividend ETF (EDIV) | 138 | |
SPDR S&P BRIC 40 ETF (BIK) | 140 | |
SPDR S&P Emerging Europe ETF (GUR) | 141 | |
SPDR S&P Emerging Latin America ETF (GML) | 143 | |
SPDR S&P Emerging Middle East & Africa ETF (GAF) | 145 | |
SPDR S&P World ex-US ETF (GWL) | 147 | |
SPDR S&P International Small Cap ETF (GWX) | 155 | |
SPDR Dow Jones International Real Estate ETF (RWX) | 164 | |
SPDR S&P Global Infrastructure ETF (GII) | 166 | |
SPDR S&P Global Natural Resources ETF (GNR) | 168 | |
SPDR MSCI ACWI ex-US ETF (CWI) | 170 | |
SPDR MSCI ACWI IMI ETF (EMFT) | 177 | |
SPDR MSCI EM 50 ETF (ACIM) | 185 | |
SPDR Russell/Nomura PRIME Japan ETF (JPP) | 186 | |
SPDR Russell/Nomura Small Cap Japan ETF (JSC) | 191 | |
SPDR S&P International Dividend ETF (DWX) | 196 | |
SPDR S&P International Mid Cap ETF (MDD) | 198 | |
SPDR S&P Emerging Markets Small Cap ETF (EWX) | 204 | |
SPDR Dow Jones Global Real Estate ETF (RWO) | 214 | |
SPDR S&P International Consumer Discretionary Sector ETF (IPD) | 217 | |
SPDR S&P International Consumer Staples Sector ETF (IPS) | 219 | |
SPDR S&P International Energy Sector ETF (IPW) | 221 | |
SPDR S&P International Financial Sector ETF (IPF) | 223 | |
SPDR S&P International Health Care Sector ETF (IRY) | 225 | |
SPDR S&P International Industrial Sector ETF (IPN) | 227 | |
SPDR S&P International Materials Sector ETF (IRV) | 230 | |
SPDR S&P International Technology Sector ETF (IPK) | 232 | |
SPDR S&P International Telecommunications Sector ETF (IST) | 234 | |
SPDR S&P International Utilities Sector ETF (IPU) | 236 | |
Financial Statements | 238 | |
Financial Highlights | 270 | |
Notes to Financial Statements | 303 | |
Other Information | 324 |
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SPDR STOXX Europe 50 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 the 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 STOXX Europe 50 ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.29%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | STOXX EUROPE | NET ASSET | MARKET | STOXX EUROPE | |||||||||||||||||||
VALUE | VALUE | 50 INDEX | VALUE | VALUE | 50 INDEX | |||||||||||||||||||
SIX MONTHS | 8.37% | 8.42% | 8.41% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 9.99% | 9.77% | 9.89% | 9.99% | 9.77% | 9.89% | ||||||||||||||||||
THREE YEARS | 8.59% | 9.58% | 8.30% | 2.79% | 3.10% | 2.69% | ||||||||||||||||||
FIVE YEARS | −12.97% | −12.35% | −13.30% | −2.74% | −2.60% | −2.81% | ||||||||||||||||||
TEN YEARS | 107.43% | 108.63% | 108.77% | 7.57% | 7.63% | 7.64% | ||||||||||||||||||
1
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SPDR STOXX Europe 50 ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Mar-03 | 10000.00 | 10000.00 | ||||||
Jun-03 | 12157.00 | 12151.00 | ||||||
Sep-03 | 12356.00 | 12360.00 | ||||||
Dec-03 | 14933.00 | 14959.00 | ||||||
Mar-04 | 14662.00 | 14700.00 | ||||||
Jun-04 | 14814.00 | 14840.00 | ||||||
Sep-04 | 15091.00 | 15129.00 | ||||||
Dec-04 | 17210.00 | 17273.00 | ||||||
Mar-05 | 17118.00 | 17187.00 | ||||||
Jun-05 | 17103.00 | 17173.00 | ||||||
Sep-05 | 18351.00 | 18458.00 | ||||||
Dec-05 | 18483.00 | 18611.00 | ||||||
Mar-06 | 19984.00 | 20150.00 | ||||||
Jun-06 | 20612.00 | 20756.00 | ||||||
Sep-06 | 21543.00 | 21719.00 | ||||||
Dec-06 | 23426.00 | 23631.00 | ||||||
Mar-07 | 23882.00 | 24109.00 | ||||||
Jun-07 | 26142.00 | 26369.00 | ||||||
Sep-07 | 26761.00 | 27018.00 | ||||||
Dec-07 | 26620.00 | 26887.00 | ||||||
Mar-08 | 23837.00 | 24080.00 | ||||||
Jun-08 | 23262.00 | 23457.00 | ||||||
Sep-08 | 18929.00 | 19072.00 | ||||||
Dec-08 | 14917.00 | 15026.00 | ||||||
Mar-09 | 12542.00 | 12627.00 | ||||||
Jun-09 | 15588.00 | 15682.00 | ||||||
Sep-09 | 19060.00 | 19205.00 | ||||||
Dec-09 | 19792.00 | 19967.00 | ||||||
Mar-10 | 19104.00 | 19278.00 | ||||||
Jun-10 | 15802.00 | 15902.00 | ||||||
Sep-10 | 18579.00 | 18723.00 | ||||||
Dec-10 | 19091.00 | 19255.00 | ||||||
Mar-11 | 20312.00 | 20489.00 | ||||||
Jun-11 | 20958.00 | 21108.00 | ||||||
Sep-11 | 16467.00 | 16564.00 | ||||||
Dec-11 | 17557.00 | 17681.00 | ||||||
Mar-12 | 18865.00 | 18999.00 | ||||||
Jun-12 | 17757.00 | 17846.00 | ||||||
Sep-12 | 19147.00 | 19258.00 | ||||||
Dec-12 | 20159.00 | 20287.00 | ||||||
Mar-13 | 20743.00 | 20877.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022001.gif)
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
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SPDR STOXX Europe 50 ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
DESCRIPTION | NESTLE SA | HSBC HOLDINGS PLC | NOVARTIS AG | ROCHE HOLDING AG | VODAFONE GROUP PLC | |||||
MARKET VALUE | $3,489,518 | 2,930,428 | 2,877,283 | 2,447,465 | 2,092,751 | |||||
% OF NET ASSETS | 6.3 | 5.3 | 5.2 | 4.4 | 3.8 | |||||
(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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Pharmaceuticals | 19.9 | % | ||||
Oil, Gas & Consumable Fuels | 12.8 | |||||
Commercial Banks | 12.6 | |||||
Food Products | 9.5 | |||||
Metals & Mining | 4.2 | |||||
Beverages | 4.1 | |||||
Tobacco | 3.8 | |||||
Wireless Telecommunication Services | 3.8 | |||||
Chemicals | 3.2 | |||||
Insurance | 2.8 | |||||
Electrical Equipment | 2.5 | |||||
Capital Markets | 2.5 | |||||
Industrial Conglomerates | 2.4 | |||||
Textiles, Apparel & Luxury Goods | 2.3 | |||||
Diversified Telecommunication Services | 2.3 | |||||
Multi-Utilities | 2.1 | |||||
Software | 2.0 | |||||
Automobiles | 1.4 | |||||
Household Products | 1.3 | |||||
Food & Staples Retailing | 1.2 | |||||
Communications Equipment | 1.0 | |||||
Specialty Retail | 0.9 | |||||
Diversified Financial Services | 0.7 | |||||
Short Term Investments | 0.0 | *** | ||||
Other Assets & Liabilities | 0.7 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Ageas VVPR Strip, which was Level 2 and part of the Insurance industry, representing 0.00% of net assets. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
3
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SPDR EURO STOXX 50 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 the 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 EURO STOXX 50 ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.29%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | EURO STOXX | NET ASSET | MARKET | EURO STOXX | |||||||||||||||||||
VALUE | VALUE | 50 INDEX | VALUE | VALUE | 50 INDEX | |||||||||||||||||||
SIX MONTHS | 7.34% | 7.37% | 7.35% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 6.53% | 6.35% | 5.92% | 6.53% | 6.35% | 5.92% | ||||||||||||||||||
THREE YEARS | −4.27% | −3.87% | −5.68% | −1.44% | −1.31% | −1.93% | ||||||||||||||||||
FIVE YEARS | −28.61% | −28.40% | −30.10% | −6.52% | −6.46% | −6.91% | ||||||||||||||||||
TEN YEARS | 109.13% | 109.72% | 104.25% | 7.66% | 7.69% | 7.40% | ||||||||||||||||||
4
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SPDR EURO STOXX 50 ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Mar-03 | 10000.00 | 10000.00 | ||||||
Jun-03 | 12742.00 | 12714.00 | ||||||
Sep-03 | 12840.00 | 12814.00 | ||||||
Dec-03 | 16023.00 | 16009.00 | ||||||
Mar-04 | 15787.00 | 15785.00 | ||||||
Jun-04 | 16050.00 | 16016.00 | ||||||
Sep-04 | 15948.00 | 15905.00 | ||||||
Dec-04 | 18909.00 | 18869.00 | ||||||
Mar-05 | 18759.00 | 18728.00 | ||||||
Jun-05 | 18537.00 | 18489.00 | ||||||
Sep-05 | 19907.00 | 19891.00 | ||||||
Dec-05 | 20360.00 | 20354.00 | ||||||
Mar-06 | 22521.00 | 22536.00 | ||||||
Jun-06 | 22984.00 | 22941.00 | ||||||
Sep-06 | 24383.00 | 24353.00 | ||||||
Dec-06 | 26883.00 | 26861.00 | ||||||
Mar-07 | 27591.00 | 27563.00 | ||||||
Jun-07 | 30710.00 | 30607.00 | ||||||
Sep-07 | 31639.00 | 31530.00 | ||||||
Dec-07 | 32751.00 | 32639.00 | ||||||
Mar-08 | 29296.00 | 29222.00 | ||||||
Jun-08 | 27694.00 | 27507.00 | ||||||
Sep-08 | 22463.00 | 22298.00 | ||||||
Dec-08 | 18020.00 | 17874.00 | ||||||
Mar-09 | 14611.00 | 14492.00 | ||||||
Jun-09 | 18414.00 | 18217.00 | ||||||
Sep-09 | 22991.00 | 22770.00 | ||||||
Dec-09 | 23397.00 | 23182.00 | ||||||
Mar-10 | 21848.00 | 21655.00 | ||||||
Jun-10 | 17847.00 | 17596.00 | ||||||
Sep-10 | 21271.00 | 20993.00 | ||||||
Dec-10 | 21343.00 | 21066.00 | ||||||
Mar-11 | 23574.00 | 23279.00 | ||||||
Jun-11 | 24204.00 | 23817.00 | ||||||
Sep-11 | 17255.00 | 16944.00 | ||||||
Dec-11 | 17827.00 | 17510.00 | ||||||
Mar-12 | 19633.00 | 19283.00 | ||||||
Jun-12 | 17653.00 | 17242.00 | ||||||
Sep-12 | 19485.00 | 19027.00 | ||||||
Dec-12 | 21494.00 | 20994.00 | ||||||
Mar-13 | 20913.00 | 20425.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022002.gif)
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
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SPDR EURO STOXX 50 ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
DESCRIPTION | SANOFI | TOTAL SA | SIEMENS AG | BAYER AG | BASF SE | |||||
MARKET VALUE | $110,017,667 | 95,531,457 | 80,501,037 | 76,637,126 | 72,318,279 | |||||
% OF NET ASSETS | 6.0 | 5.2 | 4.4 | 4.2 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 11.8 | % | ||||
Pharmaceuticals | 10.2 | |||||
Oil, Gas & Consumable Fuels | 9.0 | |||||
Insurance | 7.3 | |||||
Diversified Telecommunication Services | 6.4 | |||||
Chemicals | 5.8 | |||||
Industrial Conglomerates | 5.7 | |||||
Automobiles | 5.4 | |||||
Food Products | 5.2 | |||||
Multi-Utilities | 4.0 | |||||
Software | 3.7 | |||||
Beverages | 3.6 | |||||
Textiles, Apparel & Luxury Goods | 2.3 | |||||
Electric Utilities | 2.2 | |||||
Electrical Equipment | 2.0 | |||||
Personal Products | 1.9 | |||||
Capital Markets | 1.8 | |||||
Specialty Retail | 1.4 | |||||
Diversified Financial Services | 1.4 | |||||
Aerospace & Defense | 1.2 | |||||
Semiconductors & Semiconductor Equipment | 1.2 | |||||
Health Care Equipment & Supplies | 1.2 | |||||
Construction & Engineering | 1.1 | |||||
Real Estate Investment Trusts | 1.1 | |||||
Building Products | 0.8 | |||||
Food & Staples Retailing | 0.8 | |||||
Construction Materials | 0.8 | |||||
Metals & Mining | 0.6 | |||||
Short Term Investments | 0.0 | *** | ||||
Other Assets & Liabilities | 0.1 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Ageas VVPR Strip, which was Level 2 and part of the Insurance industry, representing 0.00% of net assets. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
6
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SPDR S&P Emerging Asia Pacific 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 (3/20/07, 3/23/07, 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 the 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 Emerging Asia Pacific ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P ASIA PACIFIC | NET ASSET | MARKET | S&P ASIA PACIFIC | |||||||||||||||||||
VALUE | VALUE | EMERGING BMI INDEX | VALUE | VALUE | EMERGING BMI INDEX | |||||||||||||||||||
SIX MONTHS | 4.75% | 5.87% | 6.66% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 4.29% | 4.75% | 6.83% | 4.29% | 4.75% | 6.83% | ||||||||||||||||||
THREE YEARS | 12.06% | 11.89% | 14.59% | 3.87% | 3.82% | 4.64% | ||||||||||||||||||
FIVE YEARS | 13.43% | 12.90% | 16.14% | 2.55% | 2.46% | 3.04% | ||||||||||||||||||
SINCE INCEPTION (1) | 44.43% | 44.59% | 48.58% | 6.28% | 6.30% | 6.79% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2013. |
7
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SPDR S&P Emerging Asia Pacific ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Asia | ||||||||
SPDR S&P | Pacific Emerging | |||||||
Emerging Asia | BMI Index | |||||||
Pacific ETF | ||||||||
10000 | 10000 | |||||||
3/20/2007 | 10190 | 10276 | ||||||
4/30/2007 | 10650 | 10718 | ||||||
5/31/2007 | 11261 | 11400 | ||||||
6/30/2007 | 12073 | 12233 | ||||||
7/31/2007 | 12790 | 13117 | ||||||
8/31/2007 | 12853 | 13016 | ||||||
9/30/2007 | 14502 | 14702 | ||||||
10/31/2007 | 16435 | 16401 | ||||||
11/30/2007 | 14889 | 14924 | ||||||
12/31/2007 | 14763 | 14986 | ||||||
1/31/2008 | 12700 | 12746 | ||||||
2/29/2008 | 13579 | 13726 | ||||||
3/31/2008 | 12734 | 12793 | ||||||
4/30/2008 | 13877 | 13876 | ||||||
5/31/2008 | 13335 | 13255 | ||||||
6/30/2008 | 11729 | 11504 | ||||||
7/31/2008 | 11657 | 11460 | ||||||
8/31/2008 | 11116 | 10950 | ||||||
9/30/2008 | 9143 | 8881 | ||||||
10/31/2008 | 7040 | 6805 | ||||||
11/30/2008 | 6707 | 6476 | ||||||
12/31/2008 | 7319 | 7064 | ||||||
1/31/2009 | 6758 | 6564 | ||||||
2/28/2009 | 6557 | 6426 | ||||||
3/31/2009 | 7511 | 7288 | ||||||
4/30/2009 | 8766 | 8471 | ||||||
5/31/2009 | 10370 | 10206 | ||||||
6/30/2009 | 10235 | 10126 | ||||||
7/31/2009 | 11317 | 11266 | ||||||
8/31/2009 | 10925 | 10865 | ||||||
9/30/2009 | 11809 | 11784 | ||||||
10/31/2009 | 11715 | 11773 | ||||||
11/30/2009 | 12224 | 12303 | ||||||
12/31/2009 | 12737 | 12817 | ||||||
1/31/2010 | 11919 | 12028 | ||||||
2/28/2010 | 12032 | 12059 | ||||||
3/31/2010 | 12887 | 12967 | ||||||
4/30/2010 | 13121 | 13194 | ||||||
5/31/2010 | 12049 | 12222 | ||||||
6/30/2010 | 12260 | 12407 | ||||||
7/31/2010 | 13010 | 13120 | ||||||
8/31/2010 | 12790 | 13024 | ||||||
9/30/2010 | 14271 | 14498 | ||||||
10/31/2010 | 14748 | 14498 | ||||||
11/30/2010 | 14357 | 14498 | ||||||
12/31/2010 | 15175 | 14498 | ||||||
1/31/2011 | 14861 | 14498 | ||||||
2/28/2011 | 14408 | 14498 | ||||||
3/31/2011 | 15245 | 14498 | ||||||
4/30/2011 | 15790 | 14987 | ||||||
5/31/2011 | 15546 | 14769 | ||||||
6/30/2011 | 15147 | 14415 | ||||||
7/31/2011 | 15275 | 14571 | ||||||
8/31/2011 | 13839 | 13150 | ||||||
9/30/2011 | 12052 | 11408 | ||||||
10/31/2011 | 13373 | 12648 | ||||||
11/30/2011 | 12227 | 11473 | ||||||
12/31/2011 | 12323 | 11561 | ||||||
1/31/2012 | 13681 | 12846 | ||||||
2/29/2012 | 14463 | 13714 | ||||||
3/31/2012 | 13849 | 13199 | ||||||
4/30/2012 | 13712 | 13080 | ||||||
5/31/2012 | 12431 | 11967 | ||||||
6/30/2012 | 12763 | 12218 | ||||||
7/31/2012 | 12906 | 12341 | ||||||
8/31/2012 | 12860 | 12321 | ||||||
9/30/2012 | 13789 | 13219 | ||||||
10/31/2012 | 13754 | 13208 | ||||||
11/30/2012 | 14106 | 13560 | ||||||
12/31/2012 | 14490 | 14009 | ||||||
1/31/2013 | 14966 | 14488 | ||||||
2/28/2013 | 14679 | 14271 | ||||||
3/31/2013 | 14443 | 14099 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022003.gif)
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
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SPDR S&P Emerging Asia Pacific ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
TAIWAN SEMICONDUCTOR | INDUSTRIAL & | |||||||||
MANUFACTURING CO., | CHINA CONSTRUCTION | COMMERCIAL | ||||||||
DESCRIPTION | LTD. ADR | BANK CORP. | CHINA MOBILE, LTD. | BANK OF CHINA | PETROCHINA CO., LTD. | |||||
MARKET VALUE | $17,096,246 | 14,651,465 | 13,375,558 | 9,744,604 | 8,231,980 | |||||
% OF NET ASSETS | 3.4 | 2.9 | 2.7 | 1.9 | 1.6 | |||||
(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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 18.2 | % | ||||
Oil, Gas & Consumable Fuels | 10.9 | |||||
Semiconductors & Semiconductor Equipment | 6.8 | |||||
Wireless Telecommunication Services | 6.3 | |||||
Real Estate Management & Development | 4.0 | |||||
Electronic Equipment, Instruments & Components | 3.5 | |||||
Computers & Peripherals | 3.5 | |||||
Internet Software & Services | 3.4 | |||||
Insurance | 3.0 | |||||
Food Products | 3.0 | |||||
Automobiles | 2.8 | |||||
IT Services | 2.6 | |||||
Construction Materials | 2.6 | |||||
Independent Power Producers & Energy Traders | 2.4 | |||||
Metals & Mining | 2.3 | |||||
Chemicals | 2.2 | |||||
Diversified Telecommunication Services | 2.1 | |||||
Transportation Infrastructure | 1.7 | |||||
Construction & Engineering | 1.5 | |||||
Diversified Financial Services | 1.4 | |||||
Industrial Conglomerates | 1.3 | |||||
Hotels, Restaurants & Leisure | 1.1 | |||||
Electric Utilities | 1.0 | |||||
Pharmaceuticals | 0.9 | |||||
Household Products | 0.9 | |||||
Beverages | 0.8 | |||||
Thrifts & Mortgage Finance | 0.8 | |||||
Food & Staples Retailing | 0.8 | |||||
Gas Utilities | 0.7 | |||||
Media | 0.7 | |||||
Capital Markets | 0.6 | |||||
Tobacco | 0.6 | |||||
Health Care Providers & Services | 0.6 | |||||
Marine | 0.5 | |||||
Airlines | 0.5 | |||||
Electrical Equipment | 0.5 | |||||
Building Products | 0.5 | |||||
Textiles, Apparel & Luxury Goods | 0.4 | |||||
Energy Equipment & Services | 0.3 | |||||
Specialty Retail | 0.3 | |||||
Internet & Catalog Retail | 0.3 | |||||
Communications Equipment | 0.3 | |||||
Household Durables | 0.2 | |||||
Personal Products | 0.2 | |||||
Machinery | 0.2 | |||||
Health Care Equipment & Supplies | 0.2 | |||||
Diversified Consumer Services | 0.1 | |||||
Multiline Retail | 0.1 | |||||
Auto Components | 0.1 | |||||
Consumer Finance | 0.1 | |||||
Commercial Services & Supplies | 0.0 | *** | ||||
Trading Companies & Distributors | 0.0 | *** | ||||
Leisure Equipment & Products | 0.0 | *** | ||||
Software | 0.0 | *** | ||||
Short Term Investments | 4.8 | |||||
Other Assets & Liabilities | (4.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Indiabulls Financial Services, Ltd., which was Level 2 and part of the Diversified Financial Services industry representing 0.15% of net assets, and ProMOS Technologies, Inc., which was Level 3 and part of the Semiconductors & Semiconductor Equipment industry, each representing 0.00% of net assets. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
9
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SPDR S&P Small Cap Emerging Asia Pacific 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 (1/11/2012, 1/12/2012, 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 the 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 Small Cap Emerging Asia Pacific ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.65%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P ASIA PACIFIC | S&P ASIA PACIFIC | |||||||||||||||||||||||
NET ASSET | MARKET | EMERGING UNDER USD | NET ASSET | MARKET | EMERGING UNDER USD | |||||||||||||||||||
VALUE | VALUE | 2 BILLION INDEX | VALUE | VALUE | 2 BILLION INDEX | |||||||||||||||||||
SIX MONTHS | 8.54% | 10.58% | 10.33% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 7.21% | 9.65% | 9.41% | 7.21% | 9.65% | 9.41% | ||||||||||||||||||
SINCE INCEPTION (1) | 20.56% | 21.25% | 25.39% | 16.58% | 17.12% | 20.41% | ||||||||||||||||||
(1) | For the period January 11, 2012 to March 31, 2013. |
10
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P Small Cap Emerging Asia Pacific ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Asia | ||||||||
SPDR S&P | Pacific Emerging | |||||||
Small Cap | Under USD | |||||||
Emerging Asia | 2 Billion | |||||||
Pacific ETF | Index | |||||||
1/11/2012 | 10000.00 | 10000.00 | ||||||
1/31/2012 | 10728.00 | 10811.00 | ||||||
2/29/2012 | 11708.00 | 11905.00 | ||||||
3/31/2012 | 11245.00 | 11461.00 | ||||||
4/30/2012 | 11006.00 | 11227.00 | ||||||
5/31/2012 | 10292.00 | 10480.00 | ||||||
6/30/2012 | 10363.00 | 10578.00 | ||||||
7/31/2012 | 10334.00 | 10514.00 | ||||||
8/31/2012 | 10491.00 | 10671.00 | ||||||
9/30/2012 | 11108.00 | 11364.00 | ||||||
10/31/2012 | 10787.00 | 11053.00 | ||||||
11/30/2012 | 11179.00 | 11497.00 | ||||||
12/31/2012 | 11604.00 | 12027.00 | ||||||
1/31/2013 | 12097.00 | 12481.00 | ||||||
2/28/2013 | 12104.00 | 12551.00 | ||||||
3/31/2013 | 12056.00 | 12539.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022004.gif)
Past performance is not a guarantee of future results.
11
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P Small Cap Emerging Asia Pacific ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
NOVATEK | ZHEJIANG | GIANT | ||||||||
TRUE CORP. | MICROELECTRONICS | SOUTHEAST | SINO | MANUFACTURING | ||||||
DESCRIPTION | PCL, NVDR | CORP. | ELECTRIC POWER CO. | BIOPHARMACEUTICAL | CO., LTD. | |||||
MARKET VALUE | $13,241 | 12,992 | 11,353 | 11,171 | 11,136 | |||||
% 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Real Estate Management & Development | 11.0 | % | ||||
Semiconductors & Semiconductor Equipment | 7.2 | |||||
Electronic Equipment, Instruments & Components | 5.7 | |||||
Chemicals | 5.3 | |||||
Food Products | 5.2 | |||||
Commercial Banks | 4.0 | |||||
Metals & Mining | 3.9 | |||||
Pharmaceuticals | 3.3 | |||||
Computers & Peripherals | 3.1 | |||||
Textiles, Apparel & Luxury Goods | 2.9 | |||||
Machinery | 2.8 | |||||
Diversified Financial Services | 2.5 | |||||
Auto Components | 2.3 | |||||
Hotels, Restaurants & Leisure | 2.3 | |||||
Construction & Engineering | 2.3 | |||||
Electrical Equipment | 2.3 | |||||
Oil, Gas & Consumable Fuels | 2.2 | |||||
Independent Power Producers & Energy Traders | 1.8 | |||||
Multiline Retail | 1.7 | |||||
Automobiles | 1.7 | |||||
Marine | 1.6 | |||||
Communications Equipment | 1.5 | |||||
Transportation Infrastructure | 1.4 | |||||
Media | 1.1 | |||||
Leisure Equipment & Products | 1.1 | |||||
Specialty Retail | 1.1 | |||||
Capital Markets | 1.0 | |||||
Health Care Providers & Services | 1.0 | |||||
Internet Software & Services | 0.9 | |||||
Software | 0.9 | |||||
Household Durables | 0.9 | |||||
Water Utilities | 0.9 | |||||
Diversified Telecommunication Services | 0.9 | |||||
Health Care Equipment & Supplies | 0.9 | |||||
IT Services | 0.8 | |||||
Construction Materials | 0.8 | |||||
Paper & Forest Products | 0.8 | |||||
Airlines | 0.7 | |||||
Containers & Packaging | 0.6 | |||||
Commercial Services & Supplies | 0.6 | |||||
Industrial Conglomerates | 0.6 | |||||
Building Products | 0.6 | |||||
Beverages | 0.5 | |||||
Air Freight & Logistics | 0.4 | |||||
Consumer Finance | 0.4 | |||||
Distributors | 0.4 | |||||
Food & Staples Retailing | 0.3 | |||||
Biotechnology | 0.3 | |||||
Household Products | 0.3 | |||||
Electric Utilities | 0.3 | |||||
Trading Companies & Distributors | 0.3 | |||||
Professional Services | 0.3 | |||||
Aerospace & Defense | 0.3 | |||||
Wireless Telecommunication Services | 0.2 | |||||
Energy Equipment & Services | 0.2 | |||||
Personal Products | 0.2 | |||||
Insurance | 0.2 | |||||
Office Electronics | 0.2 | |||||
Gas Utilities | 0.2 | |||||
Diversified Consumer Services | 0.2 | |||||
Thrifts & Mortgage Finance | 0.1 | |||||
Internet & Catalog Retail | 0.1 | |||||
Short Term Investments | 4.5 | |||||
Other Assets & Liabilities | (4.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Boshiwa International Holding, Ltd., which was Level 3 and part of the Specialty Retail industry, representing 0.00% of net assets, China Metal Recycling Holdings, Ltd., which was Level 2 and part of the Metals & Mining industry, representing 0.19% of net assets, Darma Henwa PT Tbk, which was Level 2 and part of the Metals & Mining industry, representing 0.02% of net assets, China Precious Metal Resources Holdings Co., Ltd., which was Level 2 and part of the Metals & Mining industry, representing 0.17% of net assets and Indiabulls Financial Services, Ltd., which was Level 2 and part of the Diversified Financial Services industry, representing 0.30% of net assets. (Note 2) |
12
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SPDR S&P Russia 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 (3/10/10, 3/11/10, 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 the 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 Russia ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P RUSSIA CAPPED | NET ASSET | MARKET | S&P RUSSIA CAPPED | |||||||||||||||||||
VALUE | VALUE | BMI INDEX | VALUE | VALUE | BMI INDEX | |||||||||||||||||||
SIX MONTHS | −2.18% | −2.11% | −1.90% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −8.85% | −9.27% | −8.08% | −8.85% | −9.27% | −8.08% | ||||||||||||||||||
THREE YEARS | −6.11% | −5.91% | −3.00% | −2.08% | −2.01% | −1.01% | ||||||||||||||||||
SINCE INCEPTION (1) | −3.44% | −3.31% | 0.87% | −1.14% | −1.09% | 0.28% | ||||||||||||||||||
(1) | For the period March 10, 2010 to March 31, 2013. |
13
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SPDR S&P Russia ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Russia | ||||||||
SPDR S&P | Capped BMI | |||||||
Russia ETF | Index | |||||||
10000.00 | 10000.00 | |||||||
3/10/2010 | 10283.00 | 10398.00 | ||||||
4/30/2010 | 10230.00 | 10346.00 | ||||||
5/31/2010 | 9093.00 | 9212.00 | ||||||
6/30/2010 | 8784.00 | 8878.00 | ||||||
7/31/2010 | 9760.00 | 9811.00 | ||||||
8/31/2010 | 9475.00 | 9472.00 | ||||||
9/30/2010 | 10072.00 | 10246.00 | ||||||
10/31/2010 | 10646.00 | 10744.00 | ||||||
11/30/2010 | 10660.00 | 10784.00 | ||||||
12/31/2010 | 11960.00 | 11996.00 | ||||||
1/31/2011 | 12061.00 | 12381.00 | ||||||
2/28/2011 | 12812.00 | 13004.00 | ||||||
3/31/2011 | 13435.00 | 13513.00 | ||||||
4/30/2011 | 13327.00 | 13427.00 | ||||||
5/31/2011 | 12421.00 | 12672.00 | ||||||
6/30/2011 | 12379.00 | 12659.00 | ||||||
7/31/2011 | 12566.00 | 13019.00 | ||||||
8/31/2011 | 11056.00 | 11251.00 | ||||||
9/30/2011 | 8704.00 | 8921.00 | ||||||
10/31/2011 | 10150.00 | 10413.00 | ||||||
11/30/2011 | 10136.00 | 10298.00 | ||||||
12/31/2011 | 8991.00 | 9270.00 | ||||||
1/31/2012 | 10268.00 | 10599.00 | ||||||
2/29/2012 | 11256.00 | 11607.00 | ||||||
3/31/2012 | 10594.00 | 10972.00 | ||||||
4/30/2012 | 10349.00 | 10699.00 | ||||||
5/31/2012 | 8232.00 | 8597.00 | ||||||
6/30/2012 | 8931.00 | 9370.00 | ||||||
7/31/2012 | 9077.00 | 9560.00 | ||||||
8/31/2012 | 9334.00 | 9710.00 | ||||||
9/30/2012 | 9871.00 | 10280.00 | ||||||
10/31/2012 | 9491.00 | 9908.00 | ||||||
11/30/2012 | 9414.00 | 9873.00 | ||||||
12/31/2012 | 10117.00 | 10471.00 | ||||||
1/31/2013 | 10618.00 | 11124.00 | ||||||
2/28/2013 | 10085.00 | 10535.00 | ||||||
3/31/2013 | 9656.00 | 10087.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022005.gif)
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
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SPDR S&P Russia ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
SBERBANK OF | MMC NORILSK | |||||||||
DESCRIPTION | GAZPROM OAO ADR | LUKOIL OAO ADR | RUSSIA ADR | NICKEL OJSC ADR | MOBILE TELESYSTEMS ADR | |||||
MARKET VALUE | $5,975,336 | 4,686,392 | 3,918,941 | 1,719,058 | 1,614,169 | |||||
% OF NET ASSETS | 16.8 | 13.2 | 11.0 | 4.8 | 4.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 47.7 | % | ||||
Commercial Banks | 12.9 | |||||
Metals & Mining | 9.7 | |||||
Wireless Telecommunication Services | 7.4 | |||||
Food & Staples Retailing | 5.5 | |||||
Chemicals | 4.3 | |||||
Diversified Telecommunication Services | 2.9 | |||||
Electric Utilities | 1.6 | |||||
Energy Equipment & Services | 1.4 | |||||
Internet Software & Services | 1.4 | |||||
Real Estate Management & Development | 1.1 | |||||
Pharmaceuticals | 1.0 | |||||
Road & Rail | 0.7 | |||||
Household Durables | 0.5 | |||||
Transportation Infrastructure | 0.5 | |||||
Media | 0.4 | |||||
Short Term Investments | 1.4 | |||||
Other Assets & Liabilities | (0.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (See Note 2). |
15
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SPDR S&P China 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 (3/20/07, 3/23/07, 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 the 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 China ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | NET ASSET | MARKET | |||||||||||||||||||||
VALUE | VALUE | S&P CHINA BMI INDEX | VALUE | VALUE | S&P CHINA BMI INDEX | |||||||||||||||||||
SIX MONTHS | 7.32% | 7.91% | 8.97% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 4.01% | 4.67% | 5.07% | 4.01% | 4.67% | 5.07% | ||||||||||||||||||
THREE YEARS | 2.48% | 2.50% | 2.51% | 0.82% | 0.83% | 0.83% | ||||||||||||||||||
FIVE YEARS | 10.11% | 9.97% | 9.91% | 1.94% | 1.92% | 1.91% | ||||||||||||||||||
SINCE INCEPTION (1) | 46.45% | 46.52% | 47.71% | 6.53% | 6.54% | 6.68% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2013. |
16
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SPDR S&P China ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P China | ||||||||
SPDR S&P | BMI Index | |||||||
China ETF | ||||||||
3/20/2007 | 10000.00 | 10000.00 | ||||||
3/31/2007 | 10354.00 | 10373.00 | ||||||
4/30/2007 | 10718.00 | 10820.00 | ||||||
5/31/2007 | 11549.00 | 11742.00 | ||||||
6/30/2007 | 12837.00 | 12985.00 | ||||||
7/31/2007 | 14139.00 | 14345.00 | ||||||
8/31/2007 | 15072.00 | 15260.00 | ||||||
9/30/2007 | 18062.00 | 18288.00 | ||||||
10/31/2007 | 21099.00 | 21241.00 | ||||||
11/30/2007 | 18484.00 | 18548.00 | ||||||
12/31/2007 | 17665.00 | 17839.00 | ||||||
1/31/2008 | 13857.00 | 14020.00 | ||||||
2/29/2008 | 15214.00 | 15336.00 | ||||||
3/31/2008 | 13298.00 | 13441.00 | ||||||
4/30/2008 | 15517.00 | 15470.00 | ||||||
5/31/2008 | 14889.00 | 14883.00 | ||||||
6/30/2008 | 13088.00 | 13030.00 | ||||||
7/31/2008 | 13344.00 | 13279.00 | ||||||
8/31/2008 | 12440.00 | 12240.00 | ||||||
9/30/2008 | 9888.00 | 9751.00 | ||||||
10/31/2008 | 7646.00 | 7479.00 | ||||||
11/30/2008 | 7839.00 | 7687.00 | ||||||
12/31/2008 | 8712.00 | 8523.00 | ||||||
1/31/2009 | 7945.00 | 7836.00 | ||||||
2/28/2009 | 7688.00 | 7623.00 | ||||||
3/31/2009 | 8831.00 | 8746.00 | ||||||
4/30/2009 | 9920.00 | 9833.00 | ||||||
5/31/2009 | 11667.00 | 11626.00 | ||||||
6/30/2009 | 12021.00 | 12075.00 | ||||||
7/31/2009 | 13450.00 | 13438.00 | ||||||
8/31/2009 | 12510.00 | 12481.00 | ||||||
9/30/2009 | 13157.00 | 13092.00 | ||||||
10/31/2009 | 13899.00 | 13803.00 | ||||||
11/30/2009 | 14316.00 | 14308.00 | ||||||
12/31/2009 | 14410.00 | 14458.00 | ||||||
1/31/2010 | 13151.00 | 13231.00 | ||||||
2/28/2010 | 13580.00 | 13662.00 | ||||||
3/31/2010 | 14289.00 | 14409.00 | ||||||
4/30/2010 | 14297.00 | 14417.00 | ||||||
5/31/2010 | 13465.00 | 13573.00 | ||||||
6/30/2010 | 13607.00 | 13681.00 | ||||||
7/31/2010 | 14310.00 | 14456.00 | ||||||
8/31/2010 | 13890.00 | 14082.00 | ||||||
9/30/2010 | 15245.00 | 15490.00 | ||||||
10/31/2010 | 15894.00 | 16218.00 | ||||||
11/30/2010 | 15500.00 | 15905.00 | ||||||
12/31/2010 | 15375.00 | 15787.00 | ||||||
1/31/2011 | 15383.00 | 15760.00 | ||||||
2/28/2011 | 15154.00 | 15524.00 | ||||||
3/31/2011 | 16022.00 | 16367.00 | ||||||
4/30/2011 | 16404.00 | 16739.00 | ||||||
5/31/2011 | 16295.00 | 16558.00 | ||||||
6/30/2011 | 15732.00 | 15917.00 | ||||||
7/31/2011 | 15713.00 | 15882.00 | ||||||
8/31/2011 | 14280.00 | 14342.00 | ||||||
9/30/2011 | 11746.00 | 11711.00 | ||||||
10/31/2011 | 13669.00 | 13665.00 | ||||||
11/30/2011 | 12551.00 | 12511.00 | ||||||
12/31/2011 | 12728.00 | 12641.00 | ||||||
1/31/2012 | 14115.00 | 14011.00 | ||||||
2/29/2012 | 15014.00 | 15011.00 | ||||||
3/31/2012 | 14079.00 | 14060.00 | ||||||
4/30/2012 | 14404.00 | 14396.00 | ||||||
5/31/2012 | 12899.00 | 12916.00 | ||||||
6/30/2012 | 13115.00 | 13082.00 | ||||||
7/31/2012 | 13226.00 | 13095.00 | ||||||
8/31/2012 | 12822.00 | 12769.00 | ||||||
9/30/2012 | 13644.00 | 13556.00 | ||||||
10/31/2012 | 14325.00 | 14246.00 | ||||||
11/30/2012 | 14487.00 | 14454.00 | ||||||
12/31/2012 | 15201.00 | 15241.00 | ||||||
1/31/2013 | 15877.00 | 16001.00 | ||||||
2/28/2013 | 15224.00 | 15406.00 | ||||||
3/31/2013 | 14645.00 | 14771.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022006.gif)
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
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SPDR S&P China ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
CHINA | ||||||||||
CONSTRUCTION | INDUSTRIAL & COMMERCIAL | TENCENT | ||||||||
DESCRIPTION | BANK CORP. | CHINA MOBILE, LTD. | BANK OF CHINA | HOLDINGS, LTD. | BANK OF CHINA, LTD. | |||||
MARKET VALUE | $87,117,164 | 74,923,696 | 68,924,810 | 45,276,250 | 44,088,516 | |||||
% OF NET ASSETS | 7.9 | 6.8 | 6.3 | 4.1 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 22.8 | % | ||||
Oil, Gas & Consumable Fuels | 13.6 | |||||
Internet Software & Services | 8.4 | |||||
Wireless Telecommunication Services | 6.8 | |||||
Real Estate Management & Development | 6.2 | |||||
Insurance | 5.7 | |||||
Food Products | 3.6 | |||||
Transportation Infrastructure | 2.7 | |||||
Automobiles | 2.0 | |||||
Independent Power Producers & Energy Traders | 1.9 | |||||
Diversified Telecommunication Services | 1.9 | |||||
Metals & Mining | 1.8 | |||||
Construction & Engineering | 1.6 | |||||
Industrial Conglomerates | 1.4 | |||||
Construction Materials | 1.4 | |||||
Airlines | 1.2 | |||||
Specialty Retail | 1.1 | |||||
Machinery | 0.9 | |||||
Chemicals | 0.9 | |||||
Food & Staples Retailing | 0.9 | |||||
Computers & Peripherals | 0.8 | |||||
Pharmaceuticals | 0.8 | |||||
Communications Equipment | 0.8 | |||||
Personal Products | 0.8 | |||||
Gas Utilities | 0.7 | |||||
Health Care Equipment & Supplies | 0.7 | |||||
Energy Equipment & Services | 0.6 | |||||
Textiles, Apparel & Luxury Goods | 0.6 | |||||
Electrical Equipment | 0.6 | |||||
Water Utilities | 0.6 | |||||
Electronic Equipment, Instruments & Components | 0.5 | |||||
Health Care Providers & Services | 0.5 | |||||
Marine | 0.5 | |||||
Hotels, Restaurants & Leisure | 0.5 | |||||
Paper & Forest Products | 0.5 | |||||
Internet & Catalog Retail | 0.4 | |||||
Multiline Retail | 0.4 | |||||
Beverages | 0.4 | |||||
Media | 0.4 | |||||
Semiconductors & Semiconductor Equipment | 0.3 | |||||
Diversified Consumer Services | 0.3 | |||||
Software | 0.2 | |||||
Auto Components | 0.2 | |||||
IT Services | 0.2 | |||||
Road & Rail | 0.2 | |||||
Household Durables | 0.2 | |||||
Aerospace & Defense | 0.1 | |||||
Commercial Services & Supplies | 0.1 | |||||
Diversified Financial Services | 0.1 | |||||
Household Products | 0.1 | |||||
Leisure Equipment & Products | 0.1 | |||||
Short Term Investments | 13.2 | |||||
Other Assets & Liabilities | (13.2 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for China Metal Recycling Holdings, Ltd., which was Level 2 and part of the Metals & Mining industry, representing 0.04% of net assets, and China Milk Products Group, Ltd., which was Level 2 and part of the Food Products industry, representing 0.00% of net assets. (Note 2) |
18
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SPDR S&P Emerging 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 (3/20/07, 3/23/07, 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 the 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 Emerging Markets ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P EMERGING BMI | NET ASSET | MARKET | S&P EMERGING BMI | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 3.71% | 4.20% | 5.31% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 1.06% | 0.89% | 3.09% | 1.06% | 0.89% | 3.09% | ||||||||||||||||||
THREE YEARS | 8.29% | 7.92% | 9.74% | 2.69% | 2.57% | 3.15% | ||||||||||||||||||
FIVE YEARS | 6.74% | 6.08% | 8.33% | 1.31% | 1.19% | 1.61% | ||||||||||||||||||
SINCE INCEPTION (1) | 35.62% | 35.55% | 38.51% | 5.18% | 5.17% | 5.55% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2013. |
19
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SPDR S&P Emerging Markets ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | ||||||||
Emerging Markets | S&P Emerging | |||||||
ETF | BMI Index | |||||||
10000.00 | 10000.00 | |||||||
3/20/2007 | 10338.00 | 10389.00 | ||||||
4/30/2007 | 10818.00 | 10863.00 | ||||||
5/31/2007 | 11292.00 | 11357.00 | ||||||
6/30/2007 | 11823.00 | 11927.00 | ||||||
7/31/2007 | 12305.00 | 12467.00 | ||||||
8/31/2007 | 12155.00 | 12226.00 | ||||||
9/30/2007 | 13520.00 | 13574.00 | ||||||
10/31/2007 | 15145.00 | 15077.00 | ||||||
11/30/2007 | 14084.00 | 14145.00 | ||||||
12/31/2007 | 14134.00 | 14293.00 | ||||||
1/31/2008 | 12447.00 | 12515.00 | ||||||
2/29/2008 | 13328.00 | 13473.00 | ||||||
3/31/2008 | 12706.00 | 12784.00 | ||||||
4/30/2008 | 13773.00 | 13742.00 | ||||||
5/31/2008 | 14123.00 | 14063.00 | ||||||
6/30/2008 | 12779.00 | 12674.00 | ||||||
7/31/2008 | 12301.00 | 12201.00 | ||||||
8/31/2008 | 11497.00 | 11336.00 | ||||||
9/30/2008 | 9494.00 | 9237.00 | ||||||
10/31/2008 | 6968.00 | 6706.00 | ||||||
11/30/2008 | 6536.00 | 6276.00 | ||||||
12/31/2008 | 6946.00 | 6651.00 | ||||||
1/31/2009 | 6403.00 | 6196.00 | ||||||
2/28/2009 | 6196.00 | 6003.00 | ||||||
3/31/2009 | 6976.00 | 6771.00 | ||||||
4/30/2009 | 8174.00 | 7888.00 | ||||||
5/31/2009 | 9622.00 | 9463.00 | ||||||
6/30/2009 | 9462.00 | 9346.00 | ||||||
7/31/2009 | 10421.00 | 10279.00 | ||||||
8/31/2009 | 10393.00 | 10276.00 | ||||||
9/30/2009 | 11208.00 | 11159.00 | ||||||
10/31/2009 | 11267.00 | 11256.00 | ||||||
11/30/2009 | 11859.00 | 11812.00 | ||||||
12/31/2009 | 12296.00 | 12280.00 | ||||||
1/31/2010 | 11531.00 | 11634.00 | ||||||
2/28/2010 | 11615.00 | 11688.00 | ||||||
3/31/2010 | 12523.00 | 12619.00 | ||||||
4/30/2010 | 12600.00 | 12744.00 | ||||||
5/31/2010 | 11477.00 | 11677.00 | ||||||
6/30/2010 | 11424.00 | 11588.00 | ||||||
7/31/2010 | 12415.00 | 12556.00 | ||||||
8/31/2010 | 12130.00 | 12383.00 | ||||||
9/30/2010 | 13478.00 | 13744.00 | ||||||
10/31/2010 | 13915.00 | 14204.00 | ||||||
11/30/2010 | 13588.00 | 13841.00 | ||||||
12/31/2010 | 14525.00 | 14742.00 | ||||||
1/31/2011 | 14011.00 | 14223.00 | ||||||
2/28/2011 | 14060.00 | 14164.00 | ||||||
3/31/2011 | 14734.00 | 14840.00 | ||||||
4/30/2011 | 15175.00 | 15274.00 | ||||||
5/31/2011 | 14729.00 | 14868.00 | ||||||
6/30/2011 | 14477.00 | 14619.00 | ||||||
7/31/2011 | 14414.00 | 14577.00 | ||||||
8/31/2011 | 13252.00 | 13331.00 | ||||||
9/30/2011 | 11314.00 | 11335.00 | ||||||
10/31/2011 | 12699.00 | 12741.00 | ||||||
11/30/2011 | 11946.00 | 11846.00 | ||||||
12/31/2011 | 11759.00 | 11690.00 | ||||||
1/31/2012 | 13079.00 | 13050.00 | ||||||
2/29/2012 | 13868.00 | 13921.00 | ||||||
3/31/2012 | 13420.00 | 13432.00 | ||||||
4/30/2012 | 13190.00 | 13226.00 | ||||||
5/31/2012 | 11662.00 | 11788.00 | ||||||
6/30/2012 | 12157.00 | 12234.00 | ||||||
7/31/2012 | 12333.00 | 12402.00 | ||||||
8/31/2012 | 12344.00 | 12419.00 | ||||||
9/30/2012 | 13077.00 | 13153.00 | ||||||
10/31/2012 | 12996.00 | 13103.00 | ||||||
11/30/2012 | 13110.00 | 13236.00 | ||||||
12/31/2012 | 13735.00 | 13894.00 | ||||||
1/31/2013 | 14027.00 | 14290.00 | ||||||
2/28/2013 | 13712.00 | 13994.00 | ||||||
3/31/2013 | 13562.00 | 13851.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022007.gif)
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
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SPDR S&P Emerging Markets ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
COMPANHIA DE | ||||||||||
BEBIDAS DAS | ||||||||||
TAIWAN SEMICONDUCTOR | AMERICAS PREFERENCE | TENCENT | ||||||||
DESCRIPTION | MANUFACTURING CO., LTD. | CHINA MOBILE, LTD. | GAZPROM OAO ADR | SHARES ADR | HOLDINGS, LTD. | |||||
MARKET VALUE | $3,982,694 | 3,912,697 | 3,584,745 | 3,385,934 | 3,233,375 | |||||
% OF NET ASSETS | 1.8 | 1.8 | 1.6 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 17.1 | % | ||||
Oil, Gas & Consumable Fuels | 13.3 | |||||
Metals & Mining | 6.4 | |||||
Wireless Telecommunication Services | 6.3 | |||||
Beverages | 3.9 | |||||
Semiconductors & Semiconductor Equipment | 3.3 | |||||
Real Estate Management & Development | 2.8 | |||||
Food Products | 2.8 | |||||
Internet Software & Services | 2.6 | |||||
Insurance | 2.0 | |||||
Diversified Financial Services | 1.9 | |||||
Multiline Retail | 1.8 | |||||
Automobiles | 1.8 | |||||
Diversified Telecommunication Services | 1.8 | |||||
Chemicals | 1.7 | |||||
IT Services | 1.6 | |||||
Construction & Engineering | 1.6 | |||||
Electronic Equipment, Instruments & Components | 1.6 | |||||
Food & Staples Retailing | 1.4 | |||||
Industrial Conglomerates | 1.4 | |||||
Computers & Peripherals | 1.4 | |||||
Media | 1.4 | |||||
Construction Materials | 1.4 | |||||
Pharmaceuticals | 1.3 | |||||
Independent Power Producers & Energy Traders | 1.2 | |||||
Electric Utilities | 1.2 | |||||
Specialty Retail | 1.2 | |||||
Transportation Infrastructure | 1.1 | |||||
Airlines | 0.8 | |||||
Thrifts & Mortgage Finance | 0.7 | |||||
Household Products | 0.7 | |||||
Hotels, Restaurants & Leisure | 0.7 | |||||
Household Durables | 0.7 | |||||
Communications Equipment | 0.6 | |||||
Leisure Equipment & Products | 0.5 | |||||
Capital Markets | 0.5 | |||||
Tobacco | 0.5 | |||||
Personal Products | 0.4 | |||||
Machinery | 0.4 | |||||
Paper & Forest Products | 0.4 | |||||
Water Utilities | 0.4 | |||||
Gas Utilities | 0.4 | |||||
Electrical Equipment | 0.4 | |||||
Energy Equipment & Services | 0.3 | |||||
Trading Companies & Distributors | 0.3 | |||||
Textiles, Apparel & Luxury Goods | 0.3 | |||||
Health Care Providers & Services | 0.3 | |||||
Marine | 0.2 | |||||
Aerospace & Defense | 0.2 | |||||
Building Products | 0.2 | |||||
Consumer Finance | 0.1 | |||||
Internet & Catalog Retail | 0.1 | |||||
Distributors | 0.1 | |||||
Air Freight & Logistics | 0.1 | |||||
Road & Rail | 0.1 | |||||
Health Care Equipment & Supplies | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Professional Services | 0.1 | |||||
Software | 0.0 | |||||
Containers & Packaging | 0.0 | *** | ||||
Auto Components | 0.0 | *** | ||||
Biotechnology | 0.0 | *** | ||||
Real Estate Investment Trusts | 0.0 | *** | ||||
Short Term Investments | 7.0 | |||||
Other Assets & Liabilities | (5.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Alok Industries Ltd., which was Level 2 and part of the Textiles, Apparel & Luxury Goods industry, Bintulu Port Holdings Bhd, which was Level 2 and part of the Transportation Infrastructure industry, Chaoda Modern Agriculture Holdings, Ltd., which was Level 3 and part of the Food Products industry, Interbolsa SA/Colombia, which was Level 2 and part of the Capital Markets industry, Polimex-Mostostal SA, which was Level 2 and part of the Construction & Engineering industry, and ProMOS Technologies, Inc., which was Level 3 and part of the Semiconductors & Semiconductor Equipment industry, each representing 0.00% of net assets, Grupo Aval Acciones y Valores, which was Level 2 and part of the Commercial Banks industry, representing 0.35% of net assets and Fabricato SA, which was Level 2 and part of the Textiles, Apparel & Luxury Goods industry, representing 0.01% of net assets. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
21
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SPDR S&P Emerging Markets 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 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 the 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 Emerging Markets Dividend ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P EMERGING | S&P EMERGING | |||||||||||||||||||||||
NET ASSET | MARKET | MARKETS DIVIDEND | NET ASSET | MARKET | MARKETS DIVIDEND | |||||||||||||||||||
VALUE | VALUE | OPPORTUNITIES INDEX | VALUE | VALUE | OPPORTUNITIES INDEX | |||||||||||||||||||
SIX MONTHS | 3.55% | 4.33% | 4.87% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −6.19% | −5.90% | −4.85% | −6.19% | −5.90% | −4.85% | ||||||||||||||||||
SINCE INCEPTION (1) | −0.24% | 0.25% | 5.34% | −0.12% | 0.12% | 2.51% | ||||||||||||||||||
(1) | For the period February 23, 2011 to March 31, 2013. |
22
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SPDR S&P Emerging Markets Dividend ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | S&P Emerging | |||||||
Emerging Markets | Markets Dividend | |||||||
Dividend ETF | Opportunities Index | |||||||
10000.00 | 10000.00 | |||||||
2/23/2011 | 9970.00 | 10055.00 | ||||||
3/31/2011 | 10532.00 | 10689.00 | ||||||
4/30/2011 | 11026.00 | 11236.00 | ||||||
5/31/2011 | 10889.00 | 11112.00 | ||||||
6/30/2011 | 11016.00 | 11253.00 | ||||||
7/31/2011 | 11032.00 | 11353.00 | ||||||
8/31/2011 | 10421.00 | 10745.00 | ||||||
9/30/2011 | 9127.00 | 9409.00 | ||||||
10/31/2011 | 10001.00 | 10352.00 | ||||||
11/30/2011 | 9710.00 | 10044.00 | ||||||
12/31/2011 | 9789.00 | 10162.00 | ||||||
1/31/2012 | 10543.00 | 10944.00 | ||||||
2/29/2012 | 11342.00 | 11808.00 | ||||||
3/31/2012 | 10635.00 | 11071.00 | ||||||
4/30/2012 | 10343.00 | 10767.00 | ||||||
5/31/2012 | 9115.00 | 9465.00 | ||||||
6/30/2012 | 9556.00 | 9944.00 | ||||||
7/31/2012 | 9298.00 | 9687.00 | ||||||
8/31/2012 | 9298.00 | 9678.00 | ||||||
9/30/2012 | 9634.00 | 10045.00 | ||||||
10/31/2012 | 9497.00 | 9917.00 | ||||||
11/30/2012 | 9641.00 | 10065.00 | ||||||
12/31/2012 | 10323.00 | 10771.00 | ||||||
1/31/2013 | 10374.00 | 10919.00 | ||||||
2/28/2013 | 10191.00 | 10726.00 | ||||||
3/31/2013 | 9976.00 | 10534.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022008.gif)
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
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SPDR S&P Emerging Markets Dividend ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
CENTRAIS ELETRICAS | ||||||||||
BRASILEIRAS SA | ||||||||||
SHIN CORP. | COMPANHIA ENERGETICA | TUPRAS-TURKIYE | PREFERENCE SHARES | |||||||
DESCRIPTION | PCL, NVDR | SK TELECOM CO., LTD. | DE MINAS GERAIS ADR | PETROL RAFINERILERI AS | (CLASS H) | |||||
MARKET VALUE | $19,859,314 | 17,171,024 | 17,098,780 | 16,820,942 | 15,854,734 | |||||
% OF NET ASSETS | 3.9 | 3.3 | 3.4 | 3.3 | 3.1 | |||||
(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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Electric Utilities | 15.9 | % | ||||
Wireless Telecommunication Services | 13.2 | |||||
Metals & Mining | 12.4 | |||||
Commercial Banks | 11.2 | |||||
Oil, Gas & Consumable Fuels | 9.0 | |||||
Computers & Peripherals | 5.6 | |||||
Diversified Telecommunication Services | 4.8 | |||||
Chemicals | 3.9 | |||||
Independent Power Producers & Energy Traders | 3.5 | |||||
Electronic Equipment, Instruments & Components | 3.0 | |||||
Diversified Financial Services | 2.8 | |||||
Communications Equipment | 2.6 | |||||
Real Estate Management & Development | 2.4 | |||||
Insurance | 1.6 | |||||
Textiles, Apparel & Luxury Goods | 1.4 | |||||
Transportation Infrastructure | 1.0 | |||||
Airlines | 0.8 | |||||
Media | 0.7 | |||||
Automobiles | 0.6 | |||||
Construction Materials | 0.6 | |||||
Water Utilities | 0.4 | |||||
Machinery | 0.4 | |||||
Food Products | 0.3 | |||||
Real Estate Investment Trusts | 0.3 | |||||
Capital Markets | 0.2 | |||||
Road & Rail | 0.1 | |||||
Trading Companies & Distributors | 0.1 | |||||
Tobacco | 0.1 | |||||
Gas Utilities | 0.1 | |||||
Household Durables | 0.1 | |||||
Semiconductors & Semiconductor Equipment | 0.1 | |||||
Industrial Conglomerates | 0.0 | *** | ||||
Short Term Investments | 9.7 | |||||
Other Assets & Liabilities | (8.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
24
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SPDR S&P BRIC 40 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 (6/19/07, 6/22/07, 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 the 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 BRIC 40 ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | NET ASSET | MARKET | |||||||||||||||||||||
VALUE | VALUE | S&P BRIC 40 INDEX | VALUE | VALUE | S&P BRIC 40 INDEX | |||||||||||||||||||
SIX MONTHS | 2.11% | 2.29% | 2.38% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −3.58% | −3.49% | −2.87% | −3.58% | −3.49% | −2.87% | ||||||||||||||||||
THREE YEARS | −1.21% | −1.80% | 0.71% | −0.41% | −0.60% | 0.24% | ||||||||||||||||||
FIVE YEARS | −6.03% | −6.23% | −3.44% | −1.24% | −1.28% | −0.70% | ||||||||||||||||||
SINCE INCEPTION (1) | 8.37% | 8.27% | 11.67% | 1.40% | 1.38% | 1.93% | ||||||||||||||||||
(1) | For the period June 19, 2007 to March 31, 2013. |
25
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SPDR S&P BRIC 40 ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | ||||||||
BRIC 40 | S&P BRIC | |||||||
ETF | 40 Index | |||||||
10000 | 10000 | |||||||
6/19/2007 | 9954 | 9955 | ||||||
7/31/2007 | 10544 | 10542 | ||||||
8/31/2007 | 10727 | 10732 | ||||||
9/30/2007 | 12538 | 12554 | ||||||
10/31/2007 | 14703 | 14711 | ||||||
11/30/2007 | 13469 | 13499 | ||||||
12/31/2007 | 13469 | 13504 | ||||||
1/31/2008 | 11350 | 11379 | ||||||
2/29/2008 | 12339 | 12375 | ||||||
3/31/2008 | 11530 | 11565 | ||||||
4/30/2008 | 13090 | 13139 | ||||||
5/31/2008 | 13661 | 13731 | ||||||
6/30/2008 | 12418 | 12473 | ||||||
7/31/2008 | 11671 | 11722 | ||||||
8/31/2008 | 10591 | 10639 | ||||||
9/30/2008 | 8464 | 8510 | ||||||
10/31/2008 | 6165 | 6173 | ||||||
11/30/2008 | 5882 | 5893 | ||||||
12/31/2008 | 6058 | 6073 | ||||||
1/31/2009 | 5624 | 5640 | ||||||
2/28/2009 | 5560 | 5576 | ||||||
3/31/2009 | 6316 | 6344 | ||||||
4/30/2009 | 7313 | 7350 | ||||||
5/31/2009 | 8821 | 8870 | ||||||
6/30/2009 | 8576 | 8625 | ||||||
7/31/2009 | 9280 | 9339 | ||||||
8/31/2009 | 9111 | 9173 | ||||||
9/30/2009 | 10001 | 10086 | ||||||
10/31/2009 | 10361 | 10454 | ||||||
11/30/2009 | 10852 | 10954 | ||||||
12/31/2009 | 10976 | 11073 | ||||||
1/31/2010 | 10065 | 10166 | ||||||
2/28/2010 | 10240 | 10344 | ||||||
3/31/2010 | 10967 | 11089 | ||||||
4/30/2010 | 10984 | 11110 | ||||||
5/31/2010 | 10157 | 10290 | ||||||
6/30/2010 | 10080 | 10206 | ||||||
7/31/2010 | 10892 | 11039 | ||||||
8/31/2010 | 10455 | 10600 | ||||||
9/30/2010 | 11399 | 11575 | ||||||
10/31/2010 | 11858 | 12050 | ||||||
11/30/2010 | 11562 | 11760 | ||||||
12/31/2010 | 12119 | 12341 | ||||||
1/31/2011 | 11959 | 12172 | ||||||
2/28/2011 | 12309 | 12534 | ||||||
3/31/2011 | 13005 | 13255 | ||||||
4/30/2011 | 13041 | 13294 | ||||||
5/31/2011 | 12637 | 12926 | ||||||
6/30/2011 | 12454 | 12749 | ||||||
7/31/2011 | 12256 | 12551 | ||||||
8/31/2011 | 11181 | 11427 | ||||||
9/30/2011 | 9405 | 9595 | ||||||
10/31/2011 | 10862 | 11096 | ||||||
11/30/2011 | 10215 | 10430 | ||||||
12/31/2011 | 9962 | 10175 | ||||||
1/31/2012 | 11285 | 11536 | ||||||
2/29/2012 | 11948 | 12217 | ||||||
3/31/2012 | 11238 | 11497 | ||||||
4/30/2012 | 11107 | 11372 | ||||||
5/31/2012 | 9521 | 9797 | ||||||
6/30/2012 | 9915 | 10213 | ||||||
7/31/2012 | 10140 | 10451 | ||||||
8/31/2012 | 10072 | 10334 | ||||||
9/30/2012 | 10613 | 10907 | ||||||
10/31/2012 | 10678 | 10979 | ||||||
11/30/2012 | 10637 | 10954 | ||||||
12/31/2012 | 11227 | 11558 | ||||||
1/31/2013 | 11706 | 12053 | ||||||
2/28/2013 | 11133 | 11466 | ||||||
3/31/2013 | 10837 | 11167 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022009.gif)
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
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SPDR S&P BRIC 40 ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
ITAU UNIBANCO | ||||||||||
INDUSTRIAL & | HOLDING SA | |||||||||
CHINA CONSTRUCTION | COMMERCIAL | PREFERENCE | ||||||||
DESCRIPTION | BANK CORP. | BANK OF CHINA | CHINA MOBILE LTD. | GAZPROM OAO ADR | SHARES ADR | |||||
MARKET VALUE | $21,168,543 | 18,240,176 | 17,747,444 | 16,343,110 | 13,030,116 | |||||
% OF NET ASSETS | 7.5 | 6.4 | 6.2 | 5.8 | 4.6 | |||||
(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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 35.0 | % | ||||
Oil, Gas & Consumable Fuels | 29.8 | |||||
Wireless Telecommunication Services | 7.4 | |||||
Internet Software & Services | 6.3 | |||||
Metals & Mining | 4.7 | |||||
Insurance | 3.7 | |||||
Beverages | 3.6 | |||||
IT Services | 2.9 | |||||
Food Products | 2.8 | |||||
Diversified Telecommunication Services | 1.4 | |||||
Real Estate Management & Development | 1.2 | |||||
Chemicals | 1.0 | |||||
Short Term Investments | 7.8 | |||||
Other Assets & Liabilities | (7.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
27
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SPDR S&P Emerging Europe 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 (3/20/07, 3/23/07, 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 the 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 Emerging Europe ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P EUROPEAN | S&P EUROPEAN | |||||||||||||||||||||||
NET ASSET | MARKET | EMERGING CAPPED BMI | NET ASSET | MARKET | EMERGING CAPPED BMI | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 1.90% | 2.08% | 3.20% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −0.99% | −1.45% | 0.81% | −0.99% | −1.45% | 0.81% | ||||||||||||||||||
THREE YEARS | −2.56% | −2.80% | 0.10% | −0.86% | −0.94% | 0.03% | ||||||||||||||||||
FIVE YEARS | −25.81% | −26.27% | −25.09% | −5.80% | −5.91% | −5.61% | ||||||||||||||||||
SINCE INCEPTION (1) | −15.78% | −15.81% | −11.59% | −2.81% | −2.81% | −2.02% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2013. |
28
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SPDR S&P Emerging Europe ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | S&P European | |||||||
Emerging Europe | Emerging Capped | |||||||
ETF | BMI Index | |||||||
10000.00 | 10000.00 | |||||||
3/20/2007 | 10598.00 | 10577.00 | ||||||
4/30/2007 | 10796.00 | 10655.00 | ||||||
5/31/2007 | 10316.00 | 10385.00 | ||||||
6/30/2007 | 11059.00 | 11109.00 | ||||||
7/31/2007 | 11387.00 | 11588.00 | ||||||
8/31/2007 | 10877.00 | 11120.00 | ||||||
9/30/2007 | 11874.00 | 12055.00 | ||||||
10/31/2007 | 12861.00 | 13155.00 | ||||||
11/30/2007 | 12586.00 | 13063.00 | ||||||
12/31/2007 | 13046.00 | 13553.00 | ||||||
1/31/2008 | 10899.00 | 11377.00 | ||||||
2/29/2008 | 11418.00 | 12109.00 | ||||||
3/31/2008 | 11352.00 | 11803.00 | ||||||
4/30/2008 | 11696.00 | 12140.00 | ||||||
5/31/2008 | 13053.00 | 13562.00 | ||||||
6/30/2008 | 12153.00 | 12547.00 | ||||||
7/31/2008 | 11429.00 | 11601.00 | ||||||
8/31/2008 | 9822.00 | 10020.00 | ||||||
9/30/2008 | 7903.00 | 7900.00 | ||||||
10/31/2008 | 5424.00 | 5140.00 | ||||||
11/30/2008 | 4677.00 | 4420.00 | ||||||
12/31/2008 | 4541.00 | 4254.00 | ||||||
1/31/2009 | 3822.00 | 3611.00 | ||||||
2/28/2009 | 3723.00 | 3424.00 | ||||||
3/31/2009 | 4311.00 | 4082.00 | ||||||
4/30/2009 | 5250.00 | 5007.00 | ||||||
5/31/2009 | 6468.00 | 6160.00 | ||||||
6/30/2009 | 5946.00 | 5858.00 | ||||||
7/31/2009 | 6613.00 | 6386.00 | ||||||
8/31/2009 | 6963.00 | 6747.00 | ||||||
9/30/2009 | 7493.00 | 7429.00 | ||||||
10/31/2009 | 7749.00 | 7646.00 | ||||||
11/30/2009 | 7843.00 | 7757.00 | ||||||
12/31/2009 | 8289.00 | 8160.00 | ||||||
1/31/2010 | 8318.00 | 8358.00 | ||||||
2/28/2010 | 7795.00 | 7904.00 | ||||||
3/31/2010 | 8643.00 | 8830.00 | ||||||
4/30/2010 | 8668.00 | 8905.00 | ||||||
5/31/2010 | 7630.00 | 7834.00 | ||||||
6/30/2010 | 7346.00 | 7536.00 | ||||||
7/31/2010 | 8279.00 | 8492.00 | ||||||
8/31/2010 | 7989.00 | 8218.00 | ||||||
9/30/2010 | 8747.00 | 9004.00 | ||||||
10/31/2010 | 9187.00 | 9445.00 | ||||||
11/30/2010 | 8776.00 | 9045.00 | ||||||
12/31/2010 | 9497.00 | 9826.00 | ||||||
1/31/2011 | 9641.00 | 9971.00 | ||||||
2/28/2011 | 10042.00 | 10298.00 | ||||||
3/31/2011 | 10588.00 | 10841.00 | ||||||
4/30/2011 | 10974.00 | 11234.00 | ||||||
5/31/2011 | 10117.00 | 10462.00 | ||||||
6/30/2011 | 10070.00 | 10386.00 | ||||||
7/31/2011 | 10026.00 | 10403.00 | ||||||
8/31/2011 | 8779.00 | 8983.00 | ||||||
9/30/2011 | 7230.00 | 7396.00 | ||||||
10/31/2011 | 8135.00 | 8360.00 | ||||||
11/30/2011 | 7940.00 | 8069.00 | ||||||
12/31/2011 | 7129.00 | 7329.00 | ||||||
1/31/2012 | 8249.00 | 8432.00 | ||||||
2/29/2012 | 8939.00 | 9144.00 | ||||||
3/31/2012 | 8507.00 | 8770.00 | ||||||
4/30/2012 | 8278.00 | 8548.00 | ||||||
5/31/2012 | 6759.00 | 7016.00 | ||||||
6/30/2012 | 7506.00 | 7821.00 | ||||||
7/31/2012 | 7581.00 | 7945.00 | ||||||
8/31/2012 | 7921.00 | 8159.00 | ||||||
9/30/2012 | 8265.00 | 8568.00 | ||||||
10/31/2012 | 8204.00 | 8496.00 | ||||||
11/30/2012 | 8196.00 | 8534.00 | ||||||
12/31/2012 | 8795.00 | 9076.00 | ||||||
1/31/2013 | 9048.00 | 9428.00 | ||||||
2/28/2013 | 8623.00 | 9021.00 | ||||||
3/31/2013 | 8422.00 | 8841.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022010.gif)
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
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P Emerging Europe ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
MMC NORILSK | ||||||||||
TURKIYE GARANTI | NICKEL | |||||||||
DESCRIPTION | GAZPROM OAO ADR | LUKOIL OAO ADR | SBERBANK | BANKASI AS | OJSC ADR | |||||
MARKET VALUE | $10,885,957 | 7,282,536 | 6,900,873 | 3,428,475 | 3,174,246 | |||||
% OF NET ASSETS | 11.9 | 8.0 | 7.6 | 3.8 | 3.5 | |||||
(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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 34.8 | % | ||||
Commercial Banks | 23.2 | |||||
Metals & Mining | 8.3 | |||||
Wireless Telecommunication Services | 6.4 | |||||
Food & Staples Retailing | 3.5 | |||||
Diversified Telecommunication Services | 3.6 | |||||
Electric Utilities | 3.4 | |||||
Chemicals | 2.2 | |||||
Industrial Conglomerates | 2.1 | |||||
Airlines | 1.8 | |||||
Household Durables | 1.5 | |||||
Beverages | 1.5 | |||||
Distributors | 1.2 | |||||
Diversified Financial Services | 1.1 | |||||
Insurance | 1.1 | |||||
Pharmaceuticals | 0.9 | |||||
Media | 0.8 | |||||
Real Estate Management & Development | 0.7 | |||||
Energy Equipment & Services | 0.4 | |||||
Software | 0.3 | |||||
Internet Software & Services | 0.3 | |||||
Road & Rail | 0.3 | |||||
Building Products | 0.1 | |||||
Hotels, Restaurants & Leisure | 0.1 | |||||
Food Products | 0.1 | |||||
Construction & Engineering | 0.0 | *** | ||||
Biotechnology | 0.0 | *** | ||||
Short Term Investments | 2.0 | |||||
Other Assets & Liabilities | (1.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Polimex-Mostostal SA, which was Level 2 and part of the Construction & Engineering industry, representing 0.00% of net assets. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
30
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P Emerging Latin America 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 (3/20/07, 3/23/07, 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 the 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 Emerging Latin America ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P LATIN AMERICA | NET ASSET | MARKET | S&P LATIN AMERICA | |||||||||||||||||||
VALUE | VALUE | BMI INDEX | VALUE | VALUE | BMI INDEX | |||||||||||||||||||
SIX MONTHS | 5.13% | 5.15% | 6.40% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −4.07% | −4.32% | −1.77% | −4.07% | −4.32% | −1.77% | ||||||||||||||||||
THREE YEARS | −0.39% | −1.10% | 4.61% | −0.13% | −0.37% | 1.51% | ||||||||||||||||||
FIVE YEARS | 2.31% | 1.27% | 9.24% | 0.46% | 0.25% | 1.78% | ||||||||||||||||||
SINCE INCEPTION (1) | 46.52% | 46.26% | 57.80% | 6.54% | 6.51% | 7.86% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2013. |
31
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P Emerging Latin America ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | S&P Latin | |||||||
Emerging Latin | America BMI | |||||||
America ETF | Index | |||||||
3/20/2007 | 10000.00 | 10000.00 | ||||||
3/31/2007 | 10332.00 | 10407.00 | ||||||
4/30/2007 | 10965.00 | 11050.00 | ||||||
5/31/2007 | 12151.00 | 12210.00 | ||||||
6/30/2007 | 12422.00 | 12580.00 | ||||||
7/31/2007 | 12577.00 | 12803.00 | ||||||
8/31/2007 | 12196.00 | 12391.00 | ||||||
9/30/2007 | 13648.00 | 13850.00 | ||||||
10/31/2007 | 15185.00 | 15452.00 | ||||||
11/30/2007 | 14297.00 | 14592.00 | ||||||
12/31/2007 | 14332.00 | 14711.00 | ||||||
1/31/2008 | 13705.00 | 13749.00 | ||||||
2/29/2008 | 14802.00 | 14980.00 | ||||||
3/31/2008 | 14320.00 | 14446.00 | ||||||
4/30/2008 | 15688.00 | 15782.00 | ||||||
5/31/2008 | 16912.00 | 17185.00 | ||||||
6/30/2008 | 15540.00 | 15887.00 | ||||||
7/31/2008 | 14348.00 | 14705.00 | ||||||
8/31/2008 | 13239.00 | 13505.00 | ||||||
9/30/2008 | 10890.00 | 10880.00 | ||||||
10/31/2008 | 7325.00 | 7448.00 | ||||||
11/30/2008 | 6869.00 | 6967.00 | ||||||
12/31/2008 | 7098.00 | 7139.00 | ||||||
1/31/2009 | 7013.00 | 7151.00 | ||||||
2/28/2009 | 6614.00 | 6792.00 | ||||||
3/31/2009 | 7261.00 | 7481.00 | ||||||
4/30/2009 | 8523.00 | 8808.00 | ||||||
5/31/2009 | 10316.00 | 10658.00 | ||||||
6/30/2009 | 10137.00 | 10429.00 | ||||||
7/31/2009 | 11118.00 | 11401.00 | ||||||
8/31/2009 | 11373.00 | 11762.00 | ||||||
9/30/2009 | 12739.00 | 13092.00 | ||||||
10/31/2009 | 13016.00 | 13378.00 | ||||||
11/30/2009 | 14264.00 | 14493.00 | ||||||
12/31/2009 | 14562.00 | 14848.00 | ||||||
1/31/2010 | 13138.00 | 13590.00 | ||||||
2/28/2010 | 13747.00 | 14149.00 | ||||||
3/31/2010 | 14708.00 | 15084.00 | ||||||
4/30/2010 | 14653.00 | 15082.00 | ||||||
5/31/2010 | 13131.00 | 13808.00 | ||||||
6/30/2010 | 13019.00 | 13403.00 | ||||||
7/31/2010 | 14577.00 | 14978.00 | ||||||
8/31/2010 | 14185.00 | 14700.00 | ||||||
9/30/2010 | 15762.00 | 16248.00 | ||||||
10/31/2010 | 16245.00 | 16797.00 | ||||||
11/30/2010 | 15853.00 | 16402.00 | ||||||
12/31/2010 | 16860.00 | 17452.00 | ||||||
1/31/2011 | 16041.00 | 16647.00 | ||||||
2/28/2011 | 16246.00 | 16907.00 | ||||||
3/31/2011 | 16773.00 | 17499.00 | ||||||
4/30/2011 | 16955.00 | 17684.00 | ||||||
5/31/2011 | 16558.00 | 17221.00 | ||||||
6/30/2011 | 16413.00 | 17118.00 | ||||||
7/31/2011 | 15794.00 | 16548.00 | ||||||
8/31/2011 | 14883.00 | 15635.00 | ||||||
9/30/2011 | 12172.00 | 12899.00 | ||||||
10/31/2011 | 14262.00 | 15082.00 | ||||||
11/30/2011 | 13552.00 | 14174.00 | ||||||
12/31/2011 | 13324.00 | 13952.00 | ||||||
1/31/2012 | 14930.00 | 15672.00 | ||||||
2/29/2012 | 15680.00 | 16534.00 | ||||||
3/31/2012 | 15271.00 | 16064.00 | ||||||
4/30/2012 | 14731.00 | 15569.00 | ||||||
5/31/2012 | 12817.00 | 13575.00 | ||||||
6/30/2012 | 13385.00 | 14088.00 | ||||||
7/31/2012 | 13575.00 | 14319.00 | ||||||
8/31/2012 | 13424.00 | 14280.00 | ||||||
9/30/2012 | 13936.00 | 14831.00 | ||||||
10/31/2012 | 13865.00 | 14835.00 | ||||||
11/30/2012 | 13634.00 | 14622.00 | ||||||
12/31/2012 | 14558.00 | 15572.00 | ||||||
1/31/2013 | 15054.00 | 16192.00 | ||||||
2/28/2013 | 14652.00 | 15800.00 | ||||||
3/31/2013 | 14652.00 | 15780.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022011.gif)
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
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P Emerging Latin America ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
ITAU UNIBANCO | COMPANHIA DE | |||||||||
HOLDING SA | BEBIDAS DAS | BANCO BRADESCO | ||||||||
PETROLEO BRASILEIRO | AMERICA MOVIL SAB | PREFERENCE | AMERICAS PREFERENCE | SA PREFERENCE | ||||||
DESCRIPTION | SA ADR | DE CV | SHARES ADR | SHARES ADR | SHARES ADR | |||||
MARKET VALUE | $7,627,302 | 6,248,689 | 4,959,578 | 4,689,868 | 4,442,131 | |||||
% OF NET ASSETS | 6.8 | 5.6 | 4.4 | 4.2 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 19.2 | % | ||||
Metals & Mining | 14.3 | |||||
Oil, Gas & Consumable Fuels | 10.9 | |||||
Beverages | 7.4 | |||||
Wireless Telecommunication Services | 6.6 | |||||
Food & Staples Retailing | 4.5 | |||||
Food Products | 3.3 | |||||
Multiline Retail | 3.3 | |||||
Electric Utilities | 3.2 | |||||
Industrial Conglomerates | 2.3 | |||||
Diversified Financial Services | 2.2 | |||||
Construction Materials | 1.8 | |||||
Paper & Forest Products | 1.8 | |||||
Transportation Infrastructure | 1.6 | |||||
Independent Power Producers & Energy Traders | 1.6 | |||||
Diversified Telecommunication Services | 1.5 | |||||
Media | 1.4 | |||||
Real Estate Management & Development | 1.4 | |||||
Water Utilities | 1.1 | |||||
Household Products | 1.0 | |||||
Tobacco | 1.0 | |||||
Personal Products | 0.9 | |||||
Airlines | 0.9 | |||||
Construction & Engineering | 0.8 | |||||
Household Durables | 0.8 | |||||
IT Services | 0.7 | |||||
Chemicals | 0.6 | |||||
Aerospace & Defense | 0.6 | |||||
Specialty Retail | 0.5 | |||||
Containers & Packaging | 0.4 | |||||
Road & Rail | 0.3 | |||||
Machinery | 0.3 | |||||
Software | 0.3 | |||||
Capital Markets | 0.3 | |||||
Internet & Catalog Retail | 0.2 | |||||
Health Care Providers & Services | 0.1 | |||||
Short Term Investments | 10.2 | |||||
Other Assets & Liabilities | (9.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
33
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P Emerging Middle East & Africa 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 (3/20/07, 3/23/07, 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 the 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 Emerging Middle East & Africa ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P MID-EAST & | NET ASSET | MARKET | S&P MID-EAST & | |||||||||||||||||||
VALUE | VALUE | AFRICA BMI INDEX | VALUE | VALUE | AFRICA BMI INDEX | |||||||||||||||||||
SIX MONTHS | −3.69% | −2.76% | −2.94% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −2.49% | −2.53% | −1.80% | −2.49% | −2.53% | −1.80% | ||||||||||||||||||
THREE YEARS | 9.58% | 9.35% | 11.50% | 3.10% | 3.03% | 3.69% | ||||||||||||||||||
FIVE YEARS | 24.27% | 23.25% | 23.66% | 4.44% | 4.27% | 4.34% | ||||||||||||||||||
SINCE INCEPTION (1) | 34.43% | 34.50% | 42.47% | 5.03% | 5.04% | 6.04% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2013. |
34
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SPDR S&P Emerging Middle East & Africa ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | ||||||||
Emerging Middle | S&P Mid-East | |||||||
East & | & Africa | |||||||
Africa ETF | BMI Index | |||||||
3/20/2007 | 10000.00 | 10000.00 | ||||||
3/31/2007 | 10452.00 | 10469.00 | ||||||
4/30/2007 | 11246.00 | 11263.00 | ||||||
5/31/2007 | 11080.00 | 11158.00 | ||||||
6/30/2007 | 10891.00 | 11037.00 | ||||||
7/31/2007 | 10943.00 | 11092.00 | ||||||
8/31/2007 | 10878.00 | 10957.00 | ||||||
9/30/2007 | 11583.00 | 11653.00 | ||||||
10/31/2007 | 12810.00 | 12921.00 | ||||||
11/30/2007 | 12177.00 | 12474.00 | ||||||
12/31/2007 | 12042.00 | 12467.00 | ||||||
1/31/2008 | 10888.00 | 11424.00 | ||||||
2/29/2008 | 11521.00 | 12178.00 | ||||||
3/31/2008 | 10818.00 | 11523.00 | ||||||
4/30/2008 | 11773.00 | 12305.00 | ||||||
5/31/2008 | 12014.00 | 12508.00 | ||||||
6/30/2008 | 11245.00 | 11640.00 | ||||||
7/31/2008 | 11260.00 | 11555.00 | ||||||
8/31/2008 | 10780.00 | 11029.00 | ||||||
9/30/2008 | 9340.00 | 9663.00 | ||||||
10/31/2008 | 7178.00 | 7372.00 | ||||||
11/30/2008 | 6861.00 | 7078.00 | ||||||
12/31/2008 | 7611.00 | 7819.00 | ||||||
1/31/2009 | 6785.00 | 7020.00 | ||||||
2/28/2009 | 6634.00 | 6886.00 | ||||||
3/31/2009 | 7296.00 | 7573.00 | ||||||
4/30/2009 | 8083.00 | 8358.00 | ||||||
5/31/2009 | 9174.00 | 9472.00 | ||||||
6/30/2009 | 9372.00 | 9682.00 | ||||||
7/31/2009 | 10002.00 | 10345.00 | ||||||
8/31/2009 | 10368.00 | 10710.00 | ||||||
9/30/2009 | 10651.00 | 10998.00 | ||||||
10/31/2009 | 10669.00 | 11026.00 | ||||||
11/30/2009 | 11003.00 | 11403.00 | ||||||
12/31/2009 | 11582.00 | 11980.00 | ||||||
1/31/2010 | 11252.00 | 11683.00 | ||||||
2/28/2010 | 11259.00 | 11726.00 | ||||||
3/31/2010 | 12268.00 | 12778.00 | ||||||
4/30/2010 | 12279.00 | 12780.00 | ||||||
5/31/2010 | 11366.00 | 11696.00 | ||||||
6/30/2010 | 10851.00 | 11335.00 | ||||||
7/31/2010 | 11871.00 | 12322.00 | ||||||
8/31/2010 | 11698.00 | 12177.00 | ||||||
9/30/2010 | 13197.00 | 13757.00 | ||||||
10/31/2010 | 13452.00 | 14053.00 | ||||||
11/30/2010 | 13106.00 | 13702.00 | ||||||
12/31/2010 | 14836.00 | 15494.00 | ||||||
1/31/2011 | 13009.00 | 13649.00 | ||||||
2/28/2011 | 13704.00 | 14395.00 | ||||||
3/31/2011 | 14226.00 | 14865.00 | ||||||
4/30/2011 | 14827.00 | 15525.00 | ||||||
5/31/2011 | 14258.00 | 14943.00 | ||||||
6/30/2011 | 14018.00 | 14705.00 | ||||||
7/31/2011 | 13916.00 | 14611.00 | ||||||
8/31/2011 | 13651.00 | 14319.00 | ||||||
9/30/2011 | 11704.00 | 12268.00 | ||||||
10/31/2011 | 12640.00 | 13266.00 | ||||||
11/30/2011 | 12525.00 | 13137.00 | ||||||
12/31/2011 | 12262.00 | 12890.00 | ||||||
1/31/2012 | 13282.00 | 13976.00 | ||||||
2/29/2012 | 14267.00 | 15004.00 | ||||||
3/31/2012 | 13786.00 | 14509.00 | ||||||
4/30/2012 | 13866.00 | 14597.00 | ||||||
5/31/2012 | 12436.00 | 13085.00 | ||||||
6/30/2012 | 13059.00 | 13736.00 | ||||||
7/31/2012 | 13404.00 | 14085.00 | ||||||
8/31/2012 | 13379.00 | 14070.00 | ||||||
9/30/2012 | 13958.00 | 14678.00 | ||||||
10/31/2012 | 13600.00 | 14290.00 | ||||||
11/30/2012 | 13407.00 | 14095.00 | ||||||
12/31/2012 | 14626.00 | 15412.00 | ||||||
1/31/2013 | 13875.00 | 14655.00 | ||||||
2/28/2013 | 13626.00 | 14414.00 | ||||||
3/31/2013 | 13443.00 | 14247.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022012.gif)
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
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P Emerging Middle East & Africa ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
STANDARD BANK | ||||||||||
DESCRIPTION | MTN GROUP, LTD. | NASPERS, LTD. | SASOL, LTD. | GROUP, LTD. | REMGRO, LTD. | |||||
MARKET VALUE | $5,989,481 | 5,628,315 | 4,934,904 | 3,695,306 | 2,147,984 | |||||
% OF NET ASSETS | 8.1 | 7.6 | 6.7 | 5.0 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Metals & Mining | 11.7 | % | ||||
Commercial Banks | 10.9 | |||||
Wireless Telecommunication Services | 9.2 | |||||
Oil, Gas & Consumable Fuels | 7.7 | |||||
Media | 7.6 | |||||
Diversified Financial Services | 7.1 | |||||
Insurance | 5.8 | |||||
Food & Staples Retailing | 4.5 | |||||
Real Estate Management & Development | 4.1 | |||||
Specialty Retail | 3.6 | |||||
Food Products | 3.1 | |||||
Industrial Conglomerates | 2.9 | |||||
Health Care Providers & Services | 2.6 | |||||
Construction & Engineering | 2.5 | |||||
Pharmaceuticals | 2.3 | |||||
Multiline Retail | 1.8 | |||||
Capital Markets | 1.5 | |||||
Household Durables | 1.1 | |||||
Distributors | 1.1 | |||||
Paper & Forest Products | 1.0 | |||||
Real Estate Investment Trusts | 1.0 | |||||
Chemicals | 1.0 | |||||
Trading Companies & Distributors | 0.9 | |||||
Containers & Packaging | 0.8 | |||||
Diversified Telecommunication Services | 0.7 | |||||
Construction Materials | 0.6 | |||||
Hotels, Restaurants & Leisure | 0.5 | |||||
Electronic Equipment, Instruments & Components | 0.5 | |||||
Tobacco | 0.4 | |||||
Marine | 0.3 | |||||
Electrical Equipment | 0.1 | |||||
Commercial Services & Supplies | 0.1 | |||||
Energy Equipment & Services | 0.1 | |||||
IT Services | 0.1 | |||||
Professional Services | 0.1 | |||||
Textiles, Apparel & Luxury Goods | 0.0 | *** | ||||
Short Term Investments | 12.0 | |||||
Other Assets & Liabilities | (11.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
36
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SPDR S&P World ex-US 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 (4/20/07, 4/26/07, 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 the 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 World ex-US ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.34%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P DEVELOPED EX-US | NET ASSET | MARKET | S&P DEVELOPED EX-US | |||||||||||||||||||
VALUE | VALUE | BMI INDEX | VALUE | VALUE | BMI INDEX | |||||||||||||||||||
SIX MONTHS | 10.35% | 11.11% | 10.93% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 10.12% | 9.91% | 10.91% | 10.12% | 9.91% | 10.91% | ||||||||||||||||||
THREE YEARS | 16.35% | 16.82% | 18.80% | 5.18% | 5.32% | 5.91% | ||||||||||||||||||
FIVE YEARS | −1.40% | −1.33% | 1.49% | −0.28% | −0.27% | 0.30% | ||||||||||||||||||
SINCE INCEPTION (1) | −7.61% | −7.14% | −4.51% | −1.32% | −1.24% | −0.77% | ||||||||||||||||||
(1) | For the period April 20, 2007 to March 31, 2013. |
37
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SPDR S&P World ex-US ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | S&P Developed | |||||||
World ex-US | Ex-U.S. BMI | |||||||
ETF | Index | |||||||
10000 | 10000 | |||||||
4/20/2007 | 9982 | 9986 | ||||||
5/31/2007 | 10190 | 10234 | ||||||
6/30/2007 | 10233 | 10248 | ||||||
7/31/2007 | 10132 | 10164 | ||||||
8/31/2007 | 9936 | 9963 | ||||||
9/30/2007 | 10454 | 10497 | ||||||
10/31/2007 | 10900 | 10982 | ||||||
11/30/2007 | 10473 | 10501 | ||||||
12/31/2007 | 10237 | 10289 | ||||||
1/31/2008 | 9332 | 9333 | ||||||
2/29/2008 | 9495 | 9543 | ||||||
3/31/2008 | 9369 | 9407 | ||||||
4/30/2008 | 9865 | 9902 | ||||||
5/31/2008 | 10031 | 10070 | ||||||
6/30/2008 | 9228 | 9272 | ||||||
7/31/2008 | 8899 | 8935 | ||||||
8/31/2008 | 8520 | 8560 | ||||||
9/30/2008 | 7304 | 7314 | ||||||
10/31/2008 | 5847 | 5733 | ||||||
11/30/2008 | 5528 | 5410 | ||||||
12/31/2008 | 5853 | 5740 | ||||||
1/31/2009 | 5334 | 5230 | ||||||
2/28/2009 | 4776 | 4695 | ||||||
3/31/2009 | 5117 | 5036 | ||||||
4/30/2009 | 5781 | 5718 | ||||||
5/31/2009 | 6472 | 6453 | ||||||
6/30/2009 | 6414 | 6404 | ||||||
7/31/2009 | 7023 | 7009 | ||||||
8/31/2009 | 7322 | 7365 | ||||||
9/30/2009 | 7646 | 7706 | ||||||
10/31/2009 | 7490 | 7569 | ||||||
11/30/2009 | 7672 | 7748 | ||||||
12/31/2009 | 7804 | 7886 | ||||||
1/31/2010 | 7464 | 7546 | ||||||
2/28/2010 | 7438 | 7534 | ||||||
3/31/2010 | 7938 | 8038 | ||||||
4/30/2010 | 7879 | 7981 | ||||||
5/31/2010 | 7000 | 7096 | ||||||
6/30/2010 | 6906 | 7014 | ||||||
7/31/2010 | 7533 | 7656 | ||||||
8/31/2010 | 7287 | 7431 | ||||||
9/30/2010 | 8027 | 8170 | ||||||
10/31/2010 | 8286 | 8459 | ||||||
11/30/2010 | 7948 | 8130 | ||||||
12/31/2010 | 8619 | 8830 | ||||||
1/31/2011 | 8797 | 9006 | ||||||
2/28/2011 | 9072 | 9287 | ||||||
3/31/2011 | 8941 | 9188 | ||||||
4/30/2011 | 9424 | 9699 | ||||||
5/31/2011 | 9142 | 9430 | ||||||
6/30/2011 | 9013 | 9294 | ||||||
7/31/2011 | 8843 | 9171 | ||||||
8/31/2011 | 8097 | 8384 | ||||||
9/30/2011 | 7279 | 7504 | ||||||
10/31/2011 | 8002 | 8238 | ||||||
11/30/2011 | 7668 | 7849 | ||||||
12/31/2011 | 7564 | 7755 | ||||||
1/31/2012 | 8017 | 8220 | ||||||
2/29/2012 | 8472 | 8672 | ||||||
3/31/2012 | 8390 | 8611 | ||||||
4/30/2012 | 8276 | 8494 | ||||||
5/31/2012 | 7333 | 7538 | ||||||
6/30/2012 | 7776 | 7993 | ||||||
7/31/2012 | 7901 | 8094 | ||||||
8/31/2012 | 8111 | 8317 | ||||||
9/30/2012 | 8373 | 8609 | ||||||
10/31/2012 | 8412 | 8653 | ||||||
11/30/2012 | 8582 | 8819 | ||||||
12/31/2012 | 8844 | 9106 | ||||||
1/31/2013 | 9251 | 9518 | ||||||
2/28/2013 | 9173 | 9469 | ||||||
3/31/2013 | 9239 | 9549 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022013.gif)
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
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SPDR S&P World ex-US ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
SAMSUNG | ||||||||||
ELECTRONICS CO., | ||||||||||
DESCRIPTION | NESTLE SA | LTD. GDR | HSBC HOLDINGS PLC | NOVARTIS AG | ROCHE HOLDING AG | |||||
MARKET VALUE | $9,636,084 | 7,681,130 | 7,294,249 | 7,070,301 | 6,760,577 | |||||
% OF NET ASSETS | 1.7 | 1.3 | 1.3 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 12.2 | % | ||||
Oil, Gas & Consumable Fuels | 7.5 | |||||
Pharmaceuticals | 7.1 | |||||
Metals & Mining | 5.0 | |||||
Insurance | 4.2 | |||||
Chemicals | 3.7 | |||||
Food Products | 3.7 | |||||
Automobiles | 2.9 | |||||
Machinery | 2.8 | |||||
Real Estate Management & Development | 2.6 | |||||
Food & Staples Retailing | 2.3 | |||||
Wireless Telecommunication Services | 2.3 | |||||
Beverages | 2.2 | |||||
Capital Markets | 2.0 | |||||
Diversified Telecommunication Services | 2.0 | |||||
Semiconductors & Semiconductor Equipment | 1.9 | |||||
Hotels, Restaurants & Leisure | 1.8 | |||||
Road & Rail | 1.7 | |||||
Trading Companies & Distributors | 1.6 | |||||
Media | 1.6 | |||||
Industrial Conglomerates | 1.6 | |||||
Real Estate Investment Trusts | 1.5 | |||||
Textiles, Apparel & Luxury Goods | 1.4 | |||||
Electric Utilities | 1.3 | |||||
Multi-Utilities | 1.3 | |||||
Construction & Engineering | 1.2 | |||||
Electrical Equipment | 1.2 | |||||
Electronic Equipment, Instruments & Components | 1.2 | |||||
Tobacco | 1.2 | |||||
Auto Components | 1.1 | |||||
Specialty Retail | 1.0 | |||||
Diversified Financial Services | 1.0 | |||||
Health Care Equipment & Supplies | 1.0 | |||||
Building Products | 0.9 | |||||
Commercial Services & Supplies | 0.9 | |||||
Software | 0.8 | |||||
Aerospace & Defense | 0.7 | |||||
Energy Equipment & Services | 0.7 | |||||
Household Durables | 0.7 | |||||
Multiline Retail | 0.6 | |||||
Health Care Providers & Services | 0.6 | |||||
IT Services | 0.5 | |||||
Professional Services | 0.5 | |||||
Household Products | 0.5 | |||||
Computers & Peripherals | 0.5 | |||||
Communications Equipment | 0.5 | |||||
Marine | 0.4 | |||||
Construction Materials | 0.4 | |||||
Office Electronics | 0.3 | |||||
Gas Utilities | 0.3 | |||||
Biotechnology | 0.3 | |||||
Air Freight & Logistics | 0.3 | |||||
Personal Products | 0.2 | |||||
Transportation Infrastructure | 0.2 | |||||
Paper & Forest Products | 0.2 | |||||
Consumer Finance | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Internet & Catalog Retail | 0.1 | |||||
Distributors | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Leisure Equipment & Products | 0.1 | |||||
Internet Software & Services | 0.1 | |||||
Independent Power Producers & Energy Traders | 0.1 | |||||
Life Sciences Tools & Services | 0.0 | *** | ||||
Health Care Technology | 0.0 | *** | ||||
Short Term Investments | 8.2 | |||||
Other Assets & Liabilities | (7.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Irish Bank Resolution Corp., Ltd., which was Level 2 and part of the Commercial Banks industry, representing 0.00% of net assets. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
39
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SPDR S&P International 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 (4/20/07, 4/26/07, 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 the 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 International Small Cap ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
NET ASSET | MARKET | EX-US. UNDER USD2 | NET ASSET | MARKET | EX-US. UNDER USD2 | |||||||||||||||||||
VALUE | VALUE | BILLION INDEX | VALUE | VALUE | BILLION INDEX | |||||||||||||||||||
SIX MONTHS | 12.89% | 13.88% | 11.98% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 9.62% | 9.36% | 9.21% | 9.62% | 9.36% | 9.21% | ||||||||||||||||||
THREE YEARS | 25.12% | 24.75% | 21.20% | 7.76% | 7.65% | 6.62% | ||||||||||||||||||
FIVE YEARS | 8.29% | 8.15% | 6.31% | 1.61% | 1.58% | 1.23% | ||||||||||||||||||
SINCE INCEPTION (1) | −0.88% | −0.54% | −4.64% | −0.15% | −0.09% | −0.80% | ||||||||||||||||||
(1) | For the period April 20, 2007 to March 31, 2013. |
40
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SPDR S&P International Small Cap ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Developed | ||||||||
SPDR S&P | Ex-U.S. under | |||||||
International Small | USD2 Billion | |||||||
Cap ETF | Index | |||||||
10000 | 10000 | |||||||
4/20/2007 | 10053 | 10057 | ||||||
5/31/2007 | 10261 | 10292 | ||||||
6/30/2007 | 10250 | 10312 | ||||||
7/31/2007 | 10368 | 10408 | ||||||
8/31/2007 | 9927 | 9917 | ||||||
9/30/2007 | 10315 | 10290 | ||||||
10/31/2007 | 10885 | 10827 | ||||||
11/30/2007 | 10053 | 9972 | ||||||
12/31/2007 | 9776 | 9705 | ||||||
1/31/2008 | 8878 | 8776 | ||||||
2/29/2008 | 9238 | 9182 | ||||||
3/31/2008 | 9154 | 8971 | ||||||
4/30/2008 | 9356 | 9178 | ||||||
5/31/2008 | 9523 | 9420 | ||||||
6/30/2008 | 8849 | 8756 | ||||||
7/31/2008 | 8484 | 8329 | ||||||
8/31/2008 | 8104 | 7896 | ||||||
9/30/2008 | 6826 | 6630 | ||||||
10/1/2008 | 5150 | 4976 | ||||||
11/2/2008 | 4923 | 4753 | ||||||
12/3/2008 | 5332 | 5136 | ||||||
1/9/2009 | 4969 | 4850 | ||||||
2/9/2009 | 4440 | 4344 | ||||||
3/9/2009 | 4731 | 4650 | ||||||
4/30/2009 | 5441 | 5317 | ||||||
5/31/2009 | 6181 | 6099 | ||||||
6/30/2009 | 6283 | 6186 | ||||||
7/9/2009 | 6730 | 6625 | ||||||
8/31/2009 | 7216 | 7066 | ||||||
9/30/2009 | 7539 | 7420 | ||||||
10/31/2009 | 7423 | 7319 | ||||||
11/30/2009 | 7432 | 7354 | ||||||
12/31/2009 | 7544 | 7483 | ||||||
1/31/2010 | 7413 | 7358 | ||||||
2/28/2010 | 7410 | 7368 | ||||||
3/31/2010 | 7923 | 7868 | ||||||
4/30/2010 | 8149 | 8045 | ||||||
5/31/2010 | 7243 | 7136 | ||||||
6/30/2010 | 7246 | 7072 | ||||||
7/31/2010 | 7786 | 7592 | ||||||
8/31/2010 | 7620 | 7403 | ||||||
9/30/2010 | 8409 | 8196 | ||||||
10/31/2010 | 8680 | 8482 | ||||||
11/30/2010 | 8472 | 8307 | ||||||
12/31/2010 | 9388 | 9211 | ||||||
1/31/2011 | 9455 | 9277 | ||||||
2/28/2011 | 9657 | 9503 | ||||||
3/31/2011 | 9669 | 9509 | ||||||
4/30/2011 | 10028 | 9883 | ||||||
5/31/2011 | 9758 | 9598 | ||||||
6/30/2011 | 9668 | 9439 | ||||||
7/31/2011 | 9711 | 9494 | ||||||
8/31/2011 | 8977 | 8739 | ||||||
9/30/2011 | 7928 | 7695 | ||||||
10/31/2011 | 8500 | 8274 | ||||||
11/30/2011 | 8073 | 7821 | ||||||
12/31/2011 | 7921 | 7706 | ||||||
1/31/2012 | 8593 | 8352 | ||||||
2/29/2012 | 9036 | 8790 | ||||||
3/31/2012 | 9042 | 8733 | ||||||
4/30/2012 | 8908 | 8608 | ||||||
5/31/2012 | 7904 | 7651 | ||||||
6/30/2012 | 8172 | 7922 | ||||||
7/31/2012 | 8174 | 7935 | ||||||
8/31/2012 | 8356 | 8153 | ||||||
9/30/2012 | 8780 | 8516 | ||||||
10/31/2012 | 8783 | 8494 | ||||||
11/30/2012 | 8820 | 8538 | ||||||
12/31/2012 | 9167 | 8884 | ||||||
1/31/2013 | 9572 | 9279 | ||||||
2/28/2013 | 9707 | 9345 | ||||||
3/31/2013 | 9912 | 9536 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022014.gif)
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
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SPDR S&P International Small Cap ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
CORUS ENTERTAINMENT, INC. | ||||||||||
DESCRIPTION | SHOCHIKU CO., LTD. | BELIMO HOLDING AG | RUBIS | (CLASS B) | INVOCARE, LTD. | |||||
MARKET VALUE | $4,952,266 | 4,782,639 | 4,318,780 | 3,926,794 | 3,720,441 | |||||
% OF NET ASSETS | 0.7 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Metals & Mining | 6.4 | % | ||||
Machinery | 5.7 | |||||
Commercial Banks | 5.0 | |||||
Real Estate Investment Trusts | 4.9 | |||||
Real Estate Management & Development | 3.8 | |||||
Capital Markets | 3.7 | |||||
Chemicals | 3.7 | |||||
Electronic Equipment, Instruments & Components | 3.3 | |||||
Hotels, Restaurants & Leisure | 3.2 | |||||
Specialty Retail | 3.2 | |||||
Media | 3.2 | |||||
Construction & Engineering | 3.0 | |||||
Oil, Gas & Consumable Fuels | 3.0 | |||||
Commercial Services & Supplies | 2.9 | |||||
Pharmaceuticals | 2.2 | |||||
Food Products | 2.0 | |||||
Software | 1.8 | |||||
Auto Components | 1.8 | |||||
Textiles, Apparel & Luxury Goods | 1.6 | |||||
Energy Equipment & Services | 1.6 | |||||
Trading Companies & Distributors | 1.6 | |||||
Household Durables | 1.5 | |||||
Building Products | 1.5 | |||||
Health Care Equipment & Supplies | 1.4 | |||||
Electrical Equipment | 1.3 | |||||
Professional Services | 1.3 | |||||
Beverages | 1.3 | |||||
Industrial Conglomerates | 1.3 | |||||
Semiconductors & Semiconductor Equipment | 1.2 | |||||
Road & Rail | 1.1 | |||||
Health Care Providers & Services | 1.0 | |||||
Transportation Infrastructure | 1.0 | |||||
Biotechnology | 1.0 | |||||
Marine | 0.9 | |||||
Communications Equipment | 0.8 | |||||
Food & Staples Retailing | 0.8 | |||||
Multiline Retail | 0.8 | |||||
IT Services | 0.8 | |||||
Diversified Financial Services | 0.8 | |||||
Paper & Forest Products | 0.8 | |||||
Consumer Finance | 0.7 | |||||
Containers & Packaging | 0.7 | |||||
Insurance | 0.7 | |||||
Diversified Consumer Services | 0.6 | |||||
Wireless Telecommunication Services | 0.6 | |||||
Construction Materials | 0.6 | |||||
Internet & Catalog Retail | 0.6 | |||||
Internet Software & Services | 0.6 | |||||
Aerospace & Defense | 0.6 | |||||
Gas Utilities | 0.6 | |||||
Thrifts & Mortgage Finance | 0.4 | |||||
Independent Power Producers & Energy Traders | 0.4 | |||||
Computers & Peripherals | 0.4 | |||||
Diversified Telecommunication Services | 0.4 | |||||
Leisure Equipment & Products | 0.4 | |||||
Distributors | 0.4 | |||||
Automobiles | 0.3 | |||||
Electric Utilities | 0.3 | |||||
Life Sciences Tools & Services | 0.3 | |||||
Air Freight & Logistics | �� | 0.2 | ||||
Household Products | 0.2 | |||||
Airlines | 0.2 | |||||
Multi-Utilities | 0.2 | |||||
Office Electronics | 0.1 | |||||
Personal Products | 0.1 | |||||
Water Utilities | 0.0 | *** | ||||
Health Care Technology | 0.0 | *** | ||||
Short Term Investments | 11.2 | |||||
Other Assets & Liabilities | (10.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Dong-A Pharmaceutical Co., Ltd., which was Level 2 and part of the Pharmaceutical industry, representing 0.15% of net assets, Sundance Resources, Ltd., which was Level 2 and part of the Metals & Mining industry, representing 0.04% of net assets, China Mining Resources Group, Ltd., which was Level 3 and part of the Metals & Mining industry, representing 0.03% of net assets, AET&D Holdings No 1 Pty, Ltd., which was Level 2 and part of the Transportation Infrastructure industry, AGFA-Gevaert NV, which was Level 2 and part of the Health Care Technology industry, Amagerbanken A/S, which was Level 2 and part of the Commercial Banks industry, Carnegie Investment Bank AB, which was Level 2 and part of the Capital Markets industry, China Sandi Holdings, Ltd., which was Level 2 and part of the Paper & Forest Products industry, Great Basin Gold, Ltd., which was Level 3 and part of the Metals & Mining industry, Peace Mark (Holdings), Ltd., which was Level 2 and part of the Textiles, Apparel & Luxury Goods industry, Platinum Australia, Ltd., which was Level 2 and part of the Metals & Mining industry, Poseidon Concepts Corp., which was Level 2 and part of the Energy Equipment & Services industry, Tessenderlo Chemie NV, which was Level 2 and part of the Chemicals industry, TT Hellenic Postbank SA, which was Level 2 and part of the Commercial Banks industry, each representing 0.00% of net assets. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
42
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SPDR Dow Jones International Real Estate 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 (12/15/06, 12/20/06, 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 the 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 International Real Estate ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
DOW JONES GLOBAL | DOW JONES GLOBAL | |||||||||||||||||||||||
EX-U.S. SELECT REAL | EX-U.S. SELECT REAL | |||||||||||||||||||||||
NET ASSET | MARKET | ESTATE SECURITIES | NET ASSET | MARKET | ESTATE SECURITIES | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 13.79% | 14.46% | 14.25% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 24.86% | 24.88% | 25.76% | 24.86% | 24.88% | 25.76% | ||||||||||||||||||
THREE YEARS | 47.95% | 48.47% | 50.90% | 13.95% | 14.08% | 14.70% | ||||||||||||||||||
FIVE YEARS | 8.48% | 8.20% | 10.86% | 1.64% | 1.59% | 2.08% | ||||||||||||||||||
SINCE INCEPTION (1) | −2.02% | −1.62% | 0.85% | −0.32% | −0.26% | 0.13% | ||||||||||||||||||
(1) | For the period December 15, 2006 to March 31, 2013. |
43
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SPDR Dow Jones International Real Estate ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
Dow Jones | ||||||||
SPDR Dow | Global ex-U.S. | |||||||
Jones International | Select Real | |||||||
Real Estate | Estate Securities | |||||||
ETF | Index | |||||||
10000 | 10000 | |||||||
12/15/2006 | 10401 | 10397 | ||||||
1/31/2007 | 10546 | 10576 | ||||||
2/28/2007 | 10836 | 10871 | ||||||
3/31/2007 | 11150 | 11207 | ||||||
4/30/2007 | 11391 | 11448 | ||||||
5/31/2007 | 11606 | 11670 | ||||||
6/30/2007 | 10859 | 10949 | ||||||
7/31/2007 | 10298 | 10383 | ||||||
8/31/2007 | 10271 | 10341 | ||||||
9/30/2007 | 10810 | 10901 | ||||||
10/31/2007 | 11010 | 11113 | ||||||
11/30/2007 | 10175 | 10275 | ||||||
12/31/2007 | 9683 | 9786 | ||||||
1/31/2008 | 9172 | 9258 | ||||||
2/29/2008 | 9208 | 9285 | ||||||
3/31/2008 | 9033 | 9098 | ||||||
4/30/2008 | 9452 | 9510 | ||||||
5/31/2008 | 9251 | 9313 | ||||||
6/30/2008 | 8218 | 8250 | ||||||
7/31/2008 | 8103 | 8145 | ||||||
8/31/2008 | 7736 | 7770 | ||||||
9/30/2008 | 6661 | 6680 | ||||||
10/1/2008 | 4963 | 4954 | ||||||
11/2/2008 | 4534 | 4530 | ||||||
12/3/2008 | 4733 | 4734 | ||||||
1/9/2009 | 4281 | 4288 | ||||||
2/9/2009 | 3682 | 3691 | ||||||
3/9/2009 | 3935 | 3950 | ||||||
4/30/2009 | 4471 | 4495 | ||||||
5/31/2009 | 5141 | 5163 | ||||||
6/30/2009 | 5229 | 5255 | ||||||
7/9/2009 | 5724 | 5771 | ||||||
8/31/2009 | 6220 | 6263 | ||||||
9/30/2009 | 6560 | 6613 | ||||||
10/31/2009 | 6508 | 6557 | ||||||
11/30/2009 | 6470 | 6539 | ||||||
12/31/2009 | 6564 | 6632 | ||||||
1/31/2010 | 6297 | 6351 | ||||||
2/28/2010 | 6331 | 6398 | ||||||
3/31/2010 | 6623 | 6684 | ||||||
4/30/2010 | 6710 | 6778 | ||||||
5/31/2010 | 5988 | 6080 | ||||||
6/30/2010 | 5999 | 6076 | ||||||
7/31/2010 | 6627 | 6723 | ||||||
8/31/2010 | 6708 | 6801 | ||||||
9/30/2010 | 7357 | 7467 | ||||||
10/31/2010 | 7702 | 7814 | ||||||
11/30/2010 | 7250 | 7357 | ||||||
12/31/2010 | 7927 | 8058 | ||||||
1/31/2011 | 7902 | 8005 | ||||||
2/28/2011 | 8109 | 8201 | ||||||
3/31/2011 | 7988 | 8098 | ||||||
4/30/2011 | 8457 | 8576 | ||||||
5/31/2011 | 8403 | 8526 | ||||||
6/30/2011 | 8309 | 8429 | ||||||
7/31/2011 | 8225 | 8362 | ||||||
8/31/2011 | 7777 | 7906 | ||||||
9/30/2011 | 6860 | 6963 | ||||||
10/31/2011 | 7439 | 7558 | ||||||
11/30/2011 | 7013 | 7130 | ||||||
12/31/2011 | 6805 | 6923 | ||||||
1/31/2012 | 7363 | 7520 | ||||||
2/29/2012 | 7790 | 7977 | ||||||
3/31/2012 | 7848 | 8021 | ||||||
4/30/2012 | 7974 | 8151 | ||||||
5/31/2012 | 7394 | 7547 | ||||||
6/30/2012 | 7919 | 8086 | ||||||
7/31/2012 | 8305 | 8485 | ||||||
8/31/2012 | 8358 | 8546 | ||||||
9/30/2012 | 8611 | 8828 | ||||||
10/31/2012 | 8874 | 9092 | ||||||
11/30/2012 | 9018 | 9249 | ||||||
12/31/2012 | 9280 | 9534 | ||||||
1/31/2013 | 9453 | 9723 | ||||||
2/28/2013 | 9555 | 9855 | ||||||
3/31/2013 | 9798 | 10085 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022015.gif)
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
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SPDR Dow Jones International Real Estate ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
BROOKFIELD ASSET | ||||||||||
MANAGEMENT, INC. | ||||||||||
DESCRIPTION | MITSUI FUDOSAN CO., LTD. | WESTFIELD GROUP | UNIBAIL-RODAMCO SE | (CLASS A) | THE LINK REIT | |||||
MARKET VALUE | $245,487,067 | 230,060,446 | 211,362,078 | 203,602,879 | 123,663,079 | |||||
% OF NET ASSETS | 6.3 | 5.9 | 5.5 | 5.3 | 3.2 | |||||
(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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Real Estate Management & Development | 34.4 | % | ||||
Retail REITs | 29.6 | |||||
Diversified REITs | 16.0 | |||||
Office REITs | 13.4 | |||||
Industrial REITs | 4.5 | |||||
Residential REITs | 0.7 | |||||
Diversified Capital Markets | 0.7 | |||||
Specialized REITs | 0.4 | |||||
Short Term Investments | 4.2 | |||||
Other Assets & Liabilities | (3.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for BGP Holdings PLC, which was Level 2 and part of the Real Estate Investment Trusts industry, and Martinsa-Fadesa SA, which was Level 2 and part of the Real Estate Management & Development industry, both representing 0.00% of net assets. (Note 2) |
45
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SPDR S&P Global Infrastructure 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 (1/25/07, 1/30/07, 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 the 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 Global Infrastructure ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.59%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MACQUARIE GLOBAL | MACQUARIE GLOBAL | |||||||||||||||||||||||
NET ASSET | MARKET | INFRASTRUCTURE 100 | NET ASSET | MARKET | INFRASTRUCTURE 100 | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 5.73% | 5.71% | 6.34% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 7.51% | 7.72% | 8.69% | 7.51% | 7.72% | 8.69% | ||||||||||||||||||
THREE YEARS | 14.99% | 15.77% | 18.52% | 4.77% | 5.00% | 5.83% | ||||||||||||||||||
FIVE YEARS | −7.98% | −8.46% | −3.70% | −1.65% | −1.75% | −0.75% | ||||||||||||||||||
SINCE INCEPTION (1) | 3.49% | 3.54% | 9.28% | 0.56% | 0.57% | 1.45% | ||||||||||||||||||
(1) | For the period January 25, 2007 to March 31, 2013. |
46
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SPDR S&P Global Infrastructure ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR FSTE/Macquarie | Macquarie Global | |||||||
Global Infrastructure | Infrastructure 100 | |||||||
100 ETF | Index | |||||||
10000 | 10000 | |||||||
1/25/2007 | 10089 | 10089 | ||||||
2/28/2007 | 10274 | 10277 | ||||||
3/31/2007 | 10684 | 10692 | ||||||
4/30/2007 | 11113 | 11125 | ||||||
5/31/2007 | 11383 | 11425 | ||||||
6/30/2007 | 11079 | 11120 | ||||||
7/31/2007 | 10714 | 10754 | ||||||
8/31/2007 | 10893 | 10949 | ||||||
9/30/2007 | 11442 | 11508 | ||||||
10/31/2007 | 12133 | 12217 | ||||||
11/30/2007 | 12293 | 12386 | ||||||
12/31/2007 | 12244 | 12343 | ||||||
1/31/2008 | 11363 | 11453 | ||||||
2/29/2008 | 11312 | 11411 | ||||||
3/31/2008 | 11244 | 11348 | ||||||
4/30/2008 | 11652 | 11778 | ||||||
5/31/2008 | 12074 | 12219 | ||||||
6/30/2008 | 11615 | 11756 | ||||||
7/31/2008 | 11175 | 11313 | ||||||
8/31/2008 | 10799 | 10933 | ||||||
9/30/2008 | 9505 | 9614 | ||||||
10/31/2008 | 8163 | 8251 | ||||||
11/30/2008 | 8014 | 8108 | ||||||
12/31/2008 | 8385 | 8500 | ||||||
1/31/2009 | 7857 | 7968 | ||||||
2/28/2009 | 6946 | 7044 | ||||||
3/31/2009 | 6988 | 7085 | ||||||
4/30/2009 | 7367 | 7484 | ||||||
5/31/2009 | 7955 | 8099 | ||||||
6/30/2009 | 8019 | 8161 | ||||||
7/31/2009 | 8373 | 8526 | ||||||
8/31/2009 | 8697 | 8861 | ||||||
9/30/2009 | 8993 | 9166 | ||||||
10/31/2009 | 8598 | 8780 | ||||||
11/30/2009 | 9006 | 9198 | ||||||
12/31/2009 | 9312 | 9528 | ||||||
1/31/2010 | 8841 | 9048 | ||||||
2/28/2010 | 8732 | 8940 | ||||||
3/31/2010 | 8998 | 9221 | ||||||
4/30/2010 | 8889 | 9122 | ||||||
5/31/2010 | 8186 | 8388 | ||||||
6/30/2010 | 8138 | 8351 | ||||||
7/31/2010 | 8802 | 9040 | ||||||
8/31/2010 | 8784 | 9023 | ||||||
9/30/2010 | 9139 | 9409 | ||||||
10/31/2010 | 9516 | 9804 | ||||||
11/30/2010 | 8969 | 9252 | ||||||
12/31/2010 | 9415 | 9720 | ||||||
1/31/2011 | 9699 | 10014 | ||||||
2/28/2011 | 9953 | 10279 | ||||||
3/31/2011 | 9704 | 10033 | ||||||
4/30/2011 | 10162 | 10516 | ||||||
5/31/2011 | 9924 | 10285 | ||||||
6/30/2011 | 9917 | 10284 | ||||||
7/31/2011 | 9641 | 10003 | ||||||
8/31/2011 | 9339 | 9699 | ||||||
9/30/2011 | 9044 | 9389 | ||||||
10/31/2011 | 9451 | 9821 | ||||||
11/30/2011 | 9400 | 9768 | ||||||
12/31/2011 | 9424 | 9811 | ||||||
1/31/2012 | 9315 | 9711 | ||||||
2/29/2012 | 9569 | 9991 | ||||||
3/31/2012 | 9624 | 10055 | ||||||
4/30/2012 | 9593 | 10028 | ||||||
5/31/2012 | 9102 | 9524 | ||||||
6/30/2012 | 9601 | 10062 | ||||||
7/31/2012 | 9592 | 10066 | ||||||
8/31/2012 | 9586 | 10062 | ||||||
9/30/2012 | 9788 | 10276 | ||||||
10/31/2012 | 9860 | 10357 | ||||||
11/30/2012 | 9607 | 10099 | ||||||
12/31/2012 | 9746 | 10264 | ||||||
1/31/2013 | 10005 | 10549 | ||||||
2/28/2013 | 9976 | 10526 | ||||||
3/31/2013 | 10349 | 10928 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022016.gif)
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
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SPDR S&P Global Infrastructure ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
DESCRIPTION | DUKE ENERGY CORP. | NATIONAL GRID PLC | SOUTHERN CO. | ENBRIDGE, INC. | TRANSCANADA CORP. | |||||
MARKET VALUE | $3,117,741 | 2,600,972 | 2,500,695 | 2,098,109 | 2,067,319 | |||||
% OF NET ASSETS | 4.3 | 3.6 | 3.5 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Electric Utilities | 40.7 | % | ||||
Multi-Utilities | 30.8 | |||||
Oil, Gas & Consumable Fuels | 12.7 | |||||
Gas Utilities | 7.1 | |||||
Independent Power Producers & Energy Traders | 3.3 | |||||
Water Utilities | 2.4 | |||||
Transportation Infrastructure | 2.1 | |||||
Road & Rail | 0.5 | |||||
Short Term Investments | 13.4 | |||||
Other Assets & Liabilities | (13.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
48
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SPDR S&P Global Natural Resources 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 (9/13/10, 9/14/10, 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 the 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 Global Natural Resources ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.40%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P GLOBAL NATURAL | NET ASSET | MARKET | S&P GLOBAL NATURAL | |||||||||||||||||||
VALUE | VALUE | RESOURCES INDEX | VALUE | VALUE | RESOURCES INDEX | |||||||||||||||||||
SIX MONTHS | −0.30% | −0.11% | −0.08% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −2.04% | −2.50% | −1.46% | −2.04% | −2.50% | −1.46% | ||||||||||||||||||
SINCE INCEPTION (1) | 4.64% | 4.66% | 6.17% | 1.80% | 1.80% | 2.38% | ||||||||||||||||||
(1) | For the period September 13, 2010 to March 31, 2013. |
49
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SPDR S&P Global Natural Resources ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | S&P Global | |||||||
Global Natural | Natural Resources | |||||||
Resources ETF | Index | |||||||
9/13/2010 | 10000.00 | 10000.00 | ||||||
9/30/2010 | 10152.00 | 10156.00 | ||||||
10/31/2010 | 10798.00 | 10808.00 | ||||||
11/30/2010 | 10608.00 | 10624.00 | ||||||
12/31/2010 | 11794.00 | 11813.00 | ||||||
1/31/2011 | 11990.00 | 12015.00 | ||||||
2/28/2011 | 12483.00 | 12515.00 | ||||||
3/31/2011 | 12537.00 | 12578.00 | ||||||
4/30/2011 | 12782.00 | 12825.00 | ||||||
5/31/2011 | 12251.00 | 12314.00 | ||||||
6/30/2011 | 12007.00 | 12076.00 | ||||||
7/31/2011 | 11929.00 | 12000.00 | ||||||
8/31/2011 | 11094.00 | 11164.00 | ||||||
9/30/2011 | 9283.00 | 9330.00 | ||||||
10/31/2011 | 10670.00 | 10736.00 | ||||||
11/30/2011 | 10340.00 | 10401.00 | ||||||
12/31/2011 | 9988.00 | 10058.00 | ||||||
1/31/2012 | 10818.00 | 10902.00 | ||||||
2/29/2012 | 11181.00 | 11271.00 | ||||||
3/31/2012 | 10683.00 | 10774.00 | ||||||
4/30/2012 | 10508.00 | 10602.00 | ||||||
5/31/2012 | 9224.00 | 9322.00 | ||||||
6/30/2012 | 9757.00 | 9862.00 | ||||||
7/31/2012 | 9827.00 | 9938.00 | ||||||
8/31/2012 | 10003.00 | 10113.00 | ||||||
9/30/2012 | 10496.00 | 10626.00 | ||||||
10/31/2012 | 10419.00 | 10550.00 | ||||||
11/30/2012 | 10328.00 | 10467.00 | ||||||
12/31/2012 | 10627.00 | 10778.00 | ||||||
1/31/2013 | 11014.00 | 11175.00 | ||||||
2/28/2013 | 10648.00 | 10808.00 | ||||||
3/31/2013 | 10464.00 | 10617.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022017.gif)
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
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SPDR S&P Global Natural Resources ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
DESCRIPTION | EXXON MOBIL CORP. | BHP BILLITON, LTD. | MONSANTO CO. | SYNGENTA AG | CHEVRON CORP. | |||||
MARKET VALUE | $28,622,000 | 25,220,282 | 24,334,828 | 23,330,943 | 20,644,975 | |||||
% OF NET ASSETS | 5.1 | 4.5 | 4.4 | 4.2 | 3.7 | |||||
(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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 33.8 | % | ||||
Metals & Mining | 31.4 | |||||
Chemicals | 20.4 | |||||
Paper & Forest Products | 4.6 | |||||
Food Products | 4.0 | |||||
Containers & Packaging | 2.3 | |||||
Household Products | 1.7 | |||||
Real Estate Investment Trusts | 1.2 | |||||
Short Term Investments | 5.9 | |||||
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. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
51
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SPDR MSCI ACWI ex-US 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 (1/10/07, 1/17/07, 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 the 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 MSCI ACWI ex-US ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.34%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | MSCI ALL COUNTRY | NET ASSET | MARKET | MSCI ALL COUNTRY | |||||||||||||||||||
VALUE | VALUE | WORLD INDEX EX USA | VALUE | VALUE | WORLD INDEX EX USA | |||||||||||||||||||
SIX MONTHS | 8.95% | 9.91% | 9.35% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 7.86% | 8.25% | 8.87% | 7.86% | 8.25% | 8.87% | ||||||||||||||||||
THREE YEARS | 13.08% | 13.30% | 15.35% | 4.18% | 4.25% | 4.87% | ||||||||||||||||||
FIVE YEARS | −0.42% | −0.16% | 0.37% | −0.08% | −0.03% | 0.07% | ||||||||||||||||||
SINCE INCEPTION (1) | 7.37% | 7.76% | 9.86% | 1.15% | 1.21% | 1.52% | ||||||||||||||||||
(1) | For the period January 10, 2007 to March 31, 2013. |
52
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SPDR MSCI ACWI ex-US ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
MSCI All | ||||||||
SPDR MSCI | Country World | |||||||
ACWI ex-US | Index ex | |||||||
ETF | USA | |||||||
10000 | 10000 | |||||||
1/10/2007 | 10306 | 10315 | ||||||
2/28/2007 | 10362 | 10378 | ||||||
3/31/2007 | 10657 | 10671 | ||||||
4/30/2007 | 11140 | 11166 | ||||||
5/31/2007 | 11421 | 11472 | ||||||
6/30/2007 | 11494 | 11569 | ||||||
7/31/2007 | 11402 | 11537 | ||||||
8/31/2007 | 11228 | 11359 | ||||||
9/30/2007 | 11955 | 12111 | ||||||
10/31/2007 | 12607 | 12787 | ||||||
11/30/2007 | 12042 | 12213 | ||||||
12/31/2007 | 11861 | 12036 | ||||||
1/31/2008 | 10763 | 10871 | ||||||
2/29/2008 | 11010 | 11186 | ||||||
3/31/2008 | 10783 | 10944 | ||||||
4/30/2008 | 11457 | 11617 | ||||||
5/31/2008 | 11658 | 11818 | ||||||
6/30/2008 | 10709 | 10849 | ||||||
7/31/2008 | 10296 | 10461 | ||||||
8/31/2008 | 9838 | 9974 | ||||||
9/30/2008 | 8424 | 8479 | ||||||
10/31/2008 | 6670 | 6613 | ||||||
11/30/2008 | 6266 | 6233 | ||||||
12/31/2008 | 6608 | 6590 | ||||||
1/31/2009 | 6028 | 6009 | ||||||
2/28/2009 | 5457 | 5450 | ||||||
3/31/2009 | 5911 | 5890 | ||||||
4/30/2009 | 6749 | 6700 | ||||||
5/31/2009 | 7671 | 7617 | ||||||
6/30/2009 | 7572 | 7536 | ||||||
7/31/2009 | 8310 | 8275 | ||||||
8/31/2009 | 8614 | 8583 | ||||||
9/30/2009 | 9049 | 9026 | ||||||
10/31/2009 | 8915 | 8915 | ||||||
11/30/2009 | 9189 | 9173 | ||||||
12/31/2009 | 9388 | 9368 | ||||||
1/31/2010 | 8908 | 8911 | ||||||
2/28/2010 | 8896 | 8912 | ||||||
3/31/2010 | 9496 | 9522 | ||||||
4/30/2010 | 9415 | 9445 | ||||||
5/31/2010 | 8421 | 8462 | ||||||
6/30/2010 | 8315 | 8355 | ||||||
7/31/2010 | 9071 | 9112 | ||||||
8/31/2010 | 8797 | 8863 | ||||||
9/30/2010 | 9694 | 9747 | ||||||
10/31/2010 | 10032 | 10080 | ||||||
11/30/2010 | 9636 | 9693 | ||||||
12/31/2010 | 10381 | 10454 | ||||||
1/31/2011 | 10513 | 10559 | ||||||
2/28/2011 | 10803 | 10840 | ||||||
3/31/2011 | 10769 | 10819 | ||||||
4/30/2011 | 11287 | 11356 | ||||||
5/31/2011 | 10951 | 11041 | ||||||
6/30/2011 | 10776 | 10885 | ||||||
7/31/2011 | 10579 | 10740 | ||||||
8/31/2011 | 9671 | 9821 | ||||||
9/30/2011 | 8628 | 8732 | ||||||
10/31/2011 | 9533 | 9652 | ||||||
11/30/2011 | 9095 | 9162 | ||||||
12/31/2011 | 8977 | 9061 | ||||||
1/31/2012 | 9569 | 9678 | ||||||
2/29/2012 | 10082 | 10225 | ||||||
3/31/2012 | 9954 | 10090 | ||||||
4/30/2012 | 9797 | 9940 | ||||||
5/31/2012 | 8680 | 8821 | ||||||
6/30/2012 | 9212 | 9346 | ||||||
7/31/2012 | 9335 | 9481 | ||||||
8/31/2012 | 9520 | 9681 | ||||||
9/30/2012 | 9855 | 10046 | ||||||
10/31/2012 | 9884 | 10086 | ||||||
11/30/2012 | 10062 | 10280 | ||||||
12/31/2012 | 10400 | 10638 | ||||||
1/31/2013 | 10825 | 11073 | ||||||
2/28/2013 | 10701 | 10958 | ||||||
3/31/2013 | 10737 | 10986 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022036.gif)
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
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SPDR MSCI ACWI ex-US ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
SAMSUNG | ||||||||||
ELECTRONICS CO., | ||||||||||
DESCRIPTION | NESTLE SA | HSBC HOLDINGS PLC | ROCHE HOLDING AG | LTD. GDR | NOVARTIS AG | |||||
MARKET VALUE | $7,727,049 | 5,203,729 | 4,818,148 | 4,440,281 | 4,356,987 | |||||
% OF NET ASSETS | 1.8 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 14.7 | % | ||||
Oil, Gas & Consumable Fuels | 9.7 | |||||
Pharmaceuticals | 6.7 | |||||
Metals & Mining | 5.2 | |||||
Insurance | 4.2 | |||||
Chemicals | 3.5 | |||||
Food Products | 3.3 | |||||
Automobiles | 3.3 | |||||
Wireless Telecommunication Services | 3.3 | |||||
Semiconductors & Semiconductor Equipment | 3.0 | |||||
Beverages | 2.7 | |||||
Diversified Telecommunication Services | 2.3 | |||||
Machinery | 2.2 | |||||
Real Estate Management & Development | 2.0 | |||||
Food & Staples Retailing | 1.7 | |||||
Road & Rail | 1.6 | |||||
Media | 1.6 | |||||
Capital Markets | 1.5 | |||||
Real Estate Investment Trusts | 1.3 | |||||
Industrial Conglomerates | 1.3 | |||||
Tobacco | 1.2 | |||||
Trading Companies & Distributors | 1.2 | |||||
Electric Utilities | 1.2 | |||||
Diversified Financial Services | 1.1 | |||||
Multi-Utilities | 1.1 | |||||
Textiles, Apparel & Luxury Goods | 1.1 | |||||
Electronic Equipment, Instruments & Components | 1.1 | |||||
Electrical Equipment | 1.0 | |||||
Hotels, Restaurants & Leisure | 1.0 | |||||
Construction & Engineering | 0.8 | |||||
Multiline Retail | 0.7 | |||||
Construction Materials | 0.7 | |||||
Auto Components | 0.7 | |||||
Building Products | 0.7 | |||||
Gas Utilities | 0.6 | |||||
Aerospace & Defense | 0.6 | |||||
Transportation Infrastructure | 0.6 | |||||
Software | 0.6 | |||||
Professional Services | 0.6 | |||||
Specialty Retail | 0.5 | |||||
Health Care Equipment & Supplies | 0.5 | |||||
Household Products | 0.5 | |||||
Communications Equipment | 0.5 | |||||
Household Durables | 0.4 | |||||
Independent Power Producers & Energy Traders | 0.4 | |||||
Internet Software & Services | 0.4 | |||||
Commercial Services & Supplies | 0.4 | |||||
Biotechnology | 0.4 | |||||
Personal Products | 0.4 | |||||
IT Services | 0.4 | |||||
Air Freight & Logistics | 0.3 | |||||
Office Electronics | 0.3 | |||||
Containers & Packaging | 0.3 | |||||
Health Care Providers & Services | 0.3 | |||||
Marine | 0.2 | |||||
Energy Equipment & Services | 0.2 | |||||
Water Utilities | 0.2 | |||||
Computers & Peripherals | 0.2 | |||||
Paper & Forest Products | 0.2 | |||||
Airlines | 0.2 | |||||
Consumer Finance | 0.1 | |||||
Distributors | 0.1 | |||||
Leisure Equipment & Products | 0.1 | |||||
Short Term Investment | 7.9 | |||||
Other Assets & Liabilities | (7.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Ageas VVPR Strip, which was Level 2 and part of the Insurance industry, and Anheuser-Busch InBev NV — VVPR Strip, which was Level 2 and part of the Beverages industry, each representing 0.00% of net assets. (Note 2) |
54
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SPDR MSCI ACWI IMI 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 (2/27/12, 2/28/12, 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 the 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 MSCI ACWI IMI ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.25%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | NET ASSET | MARKET | |||||||||||||||||||||
VALUE | VALUE | MSCI ACWI IMI INDEX | VALUE | VALUE | MSCI ACWI IMI INDEX | |||||||||||||||||||
SIX MONTHS | 10.43% | 9.62% | 10.10% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 10.96% | 9.48% | 10.95% | 10.96% | 9.48% | 10.95% | ||||||||||||||||||
SINCE INCEPTION (1) | 11.84% | 10.64% | 11.95% | 10.80% | 9.72% | 10.91% | ||||||||||||||||||
(1) | For the period February 27, 2012 to March 31, 2013. |
55
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SPDR MSCI ACWI IMI ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR MSCI | MSCI ACWI | |||||||
ACWI IMI | IMI Index | |||||||
ETF | ||||||||
2/27/2012 | 10000.00 | 10000.00 | ||||||
2/29/2012 | 10016.00 | 10026.00 | ||||||
3/31/2012 | 10079.00 | 10090.00 | ||||||
4/30/2012 | 9967.00 | 9979.00 | ||||||
5/31/2012 | 9060.00 | 9085.00 | ||||||
6/30/2012 | 9496.00 | 9518.00 | ||||||
7/31/2012 | 9627.00 | 9630.00 | ||||||
8/31/2012 | 9842.00 | 9851.00 | ||||||
9/30/2012 | 10129.00 | 10170.00 | ||||||
10/31/2012 | 10080.00 | 10102.00 | ||||||
11/30/2012 | 10217.00 | 10228.00 | ||||||
12/31/2012 | 10471.00 | 10474.00 | ||||||
1/31/2013 | 10967.00 | 10968.00 | ||||||
2/28/2013 | 10972.00 | 10978.00 | ||||||
3/31/2013 | 11184.00 | 11195.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022018.gif)
Past performance is not a guarantee of future results.
56
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SPDR MSCI ACWI IMI ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
INTERNATIONAL BUSINESS | GENERAL | |||||||||
DESCRIPTION | EXXON MOBIL CORP. | APPLE, INC. | MACHINES CORP. | CHEVRON CORP. | ELECTRIC CO. | |||||
MARKET VALUE | $54,066 | 44,263 | 42,660 | 35,646 | 34,657 | |||||
% OF NET ASSETS | 1.0 | 0.8 | 0.8 | 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.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 8.8 | % | ||||
Commercial Banks | 7.4 | |||||
Pharmaceuticals | 5.1 | |||||
Insurance | 4.5 | |||||
Metals & Mining | 3.2 | |||||
Media | 2.9 | |||||
Chemicals | 2.8 | |||||
Real Estate Investment Trusts | 2.8 | |||||
Food Products | 2.7 | |||||
Diversified Telecommunication Services | 2.5 | |||||
Food & Staples Retailing | 2.3 | |||||
Semiconductors & Semiconductor Equipment | 2.3 | |||||
Machinery | 2.2 | |||||
Software | 2.2 | |||||
Capital Markets | 2.1 | |||||
Diversified Financial Services | 2.1 | |||||
Electric Utilities | 1.8 | |||||
Computers & Peripherals | 1.8 | |||||
Industrial Conglomerates | 1.8 | |||||
IT Services | 1.7 | |||||
Beverages | 1.7 | |||||
Aerospace & Defense | 1.7 | |||||
Automobiles | 1.7 | |||||
Biotechnology | 1.7 | |||||
Energy Equipment & Services | 1.6 | |||||
Hotels, Restaurants & Leisure | 1.6 | |||||
Health Care Equipment & Supplies | 1.5 | |||||
Wireless Telecommunication Services | 1.5 | |||||
Real Estate Management & Development | 1.5 | |||||
Specialty Retail | 1.2 | |||||
Household Products | 1.2 | |||||
Road & Rail | 1.1 | |||||
Electronic Equipment, Instruments & Components | 1.1 | |||||
Tobacco | 1.1 | |||||
Health Care Providers & Services | 1.0 | |||||
Electrical Equipment | 1.0 | |||||
Multiline Retail | 1.0 | |||||
Communications Equipment | 1.0 | |||||
Textiles, Apparel & Luxury Goods | 0.9 | |||||
Multi-Utilities | 0.8 | |||||
Trading Companies & Distributors | 0.8 | |||||
Commercial Services & Supplies | 0.7 | |||||
Air Freight & Logistics | 0.7 | |||||
Internet Software & Services | 0.6 | |||||
Consumer Finance | 0.6 | |||||
Internet & Catalog Retail | 0.6 | |||||
Construction & Engineering | 0.6 | |||||
Professional Services | 0.5 | |||||
Auto Components | 0.5 | |||||
Life Sciences Tools & Services | 0.4 | |||||
Leisure Equipment & Products | 0.4 | |||||
Thrifts & Mortgage Finance | 0.4 | |||||
Construction Materials | 0.3 | |||||
Marine | 0.3 | |||||
Building Products | 0.3 | |||||
Transportation Infrastructure | 0.3 | |||||
Independent Power Producers & Energy Traders | 0.3 | |||||
Household Durables | 0.2 | |||||
Personal Products | 0.2 | |||||
Water Utilities | 0.2 | |||||
Office Electronics | 0.1 | |||||
Airlines | 0.1 | |||||
Gas Utilities | 0.1 | |||||
Paper & Forest Products | 0.1 | |||||
Distributors | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Short Term Investments | 7.2 | |||||
Other Assets & Liabilities | (5.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
57
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SPDR MSCI EM 50 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 (2/27/12, 2/28/12, 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 the 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 MSCI EM 50 ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | NET ASSET | MARKET | |||||||||||||||||||||
VALUE | VALUE | MSCI EM 50 INDEX | VALUE | VALUE | MSCI EM 50 INDEX | |||||||||||||||||||
SIX MONTHS | 1.11% | 2.12% | 1.60% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −1.90% | −0.96% | −0.84% | −1.90% | −0.96% | −0.84% | ||||||||||||||||||
SINCE INCEPTION (1) | −3.30% | −2.33% | −2.05% | −3.03% | −2.14% | −1.88% | ||||||||||||||||||
(1) | For the period February 27, 2012 to March 31, 2013. |
58
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SPDR MSCI EM 50 ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR MSCI | MSCI EM | |||||||
EM 50 | 50 Index | |||||||
ETF | ||||||||
2/27/2012 | 10000.00 | 10000.00 | ||||||
2/29/2012 | 10188.00 | 10212.00 | ||||||
3/31/2012 | 9857.00 | 9878.00 | ||||||
4/30/2012 | 9788.00 | 9832.00 | ||||||
5/31/2012 | 8592.00 | 8667.00 | ||||||
6/30/2012 | 8913.00 | 8939.00 | ||||||
7/31/2012 | 9090.00 | 9152.00 | ||||||
8/31/2012 | 9025.00 | 9055.00 | ||||||
9/30/2012 | 9563.00 | 9641.00 | ||||||
10/31/2012 | 9532.00 | 9583.00 | ||||||
11/30/2012 | 9621.00 | 9693.00 | ||||||
12/31/2012 | 10087.00 | 10180.00 | ||||||
1/31/2013 | 10169.00 | 10261.00 | ||||||
2/28/2013 | 9982.00 | 10082.00 | ||||||
3/31/2013 | 9670.00 | 9795.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022019.gif)
Past performance is not a guarantee of future results.
59
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SPDR MSCI EM 50 ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
TAIWAN | ||||||||||
SEMICONDUCTOR | INDUSTRIAL & | |||||||||
SAMSUNG ELECTRONICS | MANUFACTURING | CHINA CONSTRUCTION | COMMERCIAL | |||||||
DESCRIPTION | CO., LTD. GDR | CO., LTD. ADR | CHINA MOBILE, LTD. | BANK CORP. | BANK OF CHINA | |||||
MARKET VALUE | $254,158 | 145,066 | 104,356 | 100,584 | 78,106 | |||||
% OF NET ASSETS | 10.8 | 6.2 | 4.4 | 4.3 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 23.3 | % | ||||
Semiconductors & Semiconductor Equipment | 18.9 | |||||
Oil, Gas & Consumable Fuels | 17.9 | |||||
Wireless Telecommunication Services | 9.5 | |||||
Metals & Mining | 5.7 | |||||
Beverages | 4.0 | |||||
Automobiles | 3.2 | |||||
Media | 2.8 | |||||
Insurance | 2.4 | |||||
Internet Software & Services | 2.3 | |||||
Chemicals | 2.2 | |||||
Electronic Equipment, Instruments & Components | 2.0 | |||||
IT Services | 1.7 | |||||
Auto Components | 1.4 | |||||
Food Products | 1.0 | |||||
Diversified Telecommunication Services | 0.9 | |||||
Real Estate Management & Development | 0.7 | |||||
Short Term Investments | 0.1 | |||||
Other Assets & Liabilities | 0.0 | *** | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
60
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SPDR Russell/Nomura PRIME Japan 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 (11/9/06, 11/14/06, 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 the 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/Nomura PRIME Japan ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | RUSSELL/NOMURA | NET ASSET | MARKET | RUSSELL/NOMURA | |||||||||||||||||||
VALUE | VALUE | PRIME INDEX | VALUE | VALUE | PRIME INDEX | |||||||||||||||||||
SIX MONTHS | 16.63% | 18.58% | 17.22% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 7.40% | 7.82% | 8.24% | 7.40% | 7.82% | 8.24% | ||||||||||||||||||
THREE YEARS | 9.67% | 10.86% | 12.08% | 3.12% | 3.50% | 3.87% | ||||||||||||||||||
FIVE YEARS | −3.27% | −2.42% | −0.09% | −0.66% | −0.49% | −0.02% | ||||||||||||||||||
SINCE INCEPTION (1) | −10.20% | −9.38% | −6.80% | −1.67% | −1.53% | −1.10% | ||||||||||||||||||
(1) | For the period November 9, 2006 to March 31, 2013. |
61
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SPDR Russell/Nomura PRIME Japan ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR Russell/Nomura | ||||||||
PRIME Japan | Russell/ Nomura | |||||||
ETF | PRIME Index | |||||||
10000 | 10000 | |||||||
11/9/2006 | 10321 | 10323 | ||||||
12/31/2006 | 10515 | 10520 | ||||||
1/31/2007 | 10606 | 10611 | ||||||
2/28/2007 | 11003 | 11025 | ||||||
3/31/2007 | 10859 | 10886 | ||||||
4/7/2007 | 10657 | 10688 | ||||||
5/7/2007 | 10800 | 10822 | ||||||
6/7/2007 | 10766 | 10803 | ||||||
7/31/2007 | 10718 | 10771 | ||||||
8/31/2007 | 10422 | 10451 | ||||||
9/30/2007 | 10619 | 10661 | ||||||
10/31/2007 | 10604 | 10666 | ||||||
11/30/2007 | 10408 | 10483 | ||||||
12/31/2007 | 9988 | 9921 | ||||||
1/31/2008 | 9546 | 9591 | ||||||
2/29/2008 | 9600 | 9650 | ||||||
3/31/2008 | 9284 | 9329 | ||||||
4/30/2008 | 9897 | 9944 | ||||||
5/31/2008 | 10161 | 10204 | ||||||
6/30/2008 | 9462 | 9520 | ||||||
7/31/2008 | 9152 | 9206 | ||||||
8/31/2008 | 8782 | 8844 | ||||||
9/30/2008 | 7807 | 7870 | ||||||
10/1/2008 | 6714 | 6767 | ||||||
11/2/2008 | 6691 | 6732 | ||||||
12/3/2008 | 7243 | 7322 | ||||||
1/9/2009 | 6746 | 6790 | ||||||
2/9/2009 | 5898 | 5943 | ||||||
3/9/2009 | 6037 | 6078 | ||||||
4/30/2009 | 6548 | 6609 | ||||||
5/31/2009 | 7239 | 7297 | ||||||
6/30/2009 | 7399 | 7467 | ||||||
7/9/2009 | 7654 | 7749 | ||||||
8/31/2009 | 7973 | 8074 | ||||||
9/30/2009 | 7852 | 7965 | ||||||
10/31/2009 | 7619 | 7741 | ||||||
11/30/2009 | 7531 | 7641 | ||||||
12/31/2009 | 7552 | 7693 | ||||||
1/31/2010 | 7698 | 7819 | ||||||
2/28/2010 | 7804 | 7923 | ||||||
3/31/2010 | 8189 | 8315 | ||||||
4/30/2010 | 8198 | 8329 | ||||||
5/31/2010 | 7552 | 7669 | ||||||
6/30/2010 | 7447 | 7553 | ||||||
7/31/2010 | 7675 | 7793 | ||||||
8/31/2010 | 7503 | 7626 | ||||||
9/30/2010 | 7841 | 7967 | ||||||
10/31/2010 | 7988 | 8104 | ||||||
11/30/2010 | 8127 | 8261 | ||||||
12/31/2010 | 8738 | 8841 | ||||||
1/31/2011 | 8736 | 8926 | ||||||
2/28/2011 | 9128 | 9327 | ||||||
3/31/2011 | 8308 | 8511 | ||||||
4/30/2011 | 8327 | 8498 | ||||||
5/31/2011 | 8190 | 8389 | ||||||
6/30/2011 | 8329 | 8550 | ||||||
7/31/2011 | 8631 | 8862 | ||||||
8/31/2011 | 7983 | 8199 | ||||||
9/30/2011 | 7885 | 8106 | ||||||
10/31/2011 | 7845 | 8060 | ||||||
11/30/2011 | 7507 | 7719 | ||||||
12/31/2011 | 7585 | 7793 | ||||||
1/31/2012 | 7903 | 8132 | ||||||
2/29/2012 | 8238 | 8478 | ||||||
3/31/2012 | 8361 | 8611 | ||||||
4/30/2012 | 8112 | 8294 | ||||||
5/31/2012 | 7394 | 7611 | ||||||
6/30/2012 | 7772 | 8003 | ||||||
7/31/2012 | 7584 | 7818 | ||||||
8/31/2012 | 7516 | 7757 | ||||||
9/30/2012 | 7700 | 7951 | ||||||
10/31/2012 | 7554 | 7796 | ||||||
11/30/2012 | 7690 | 7949 | ||||||
12/31/2012 | 8070 | 8371 | ||||||
1/31/2013 | 8348 | 8633 | ||||||
2/28/2013 | 8569 | 8865 | ||||||
3/31/2013 | 8980 | 9320 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022020.gif)
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
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SPDR Russell/Nomura PRIME Japan ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
MITSUBISHI UFJ | HONDA MOTOR | SUMITOMO MITSUI | MIZUHO FINANCIAL | |||||||
DESCRIPTION | TOYOTA MOTOR CORP. | FINANCIAL GROUP, INC. | CO., LTD. | FINANCIAL GROUP, INC. | GROUP, INC. | |||||
MARKET VALUE | $608,766 | 473,012 | 362,004 | 321,208 | 292,298 | |||||
% OF NET ASSETS | 3.7 | 2.9 | 2.2 | 2.0 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 10.6 | % | ||||
Automobiles | 8.2 | |||||
Pharmaceuticals | 5.7 | |||||
Machinery | 5.6 | |||||
Electronic Equipment, Instruments & Components | 5.0 | |||||
Road & Rail | 4.7 | |||||
Trading Companies & Distributors | 4.2 | |||||
Chemicals | 4.2 | |||||
Real Estate Management & Development | 4.2 | |||||
Auto Components | 3.2 | |||||
Wireless Telecommunication Services | 3.0 | |||||
Insurance | 2.3 | |||||
Household Durables | 2.2 | |||||
Metals & Mining | 2.1 | |||||
Office Electronics | 2.1 | |||||
Food & Staples Retailing | 1.8 | |||||
Electrical Equipment | 1.5 | |||||
Specialty Retail | 1.5 | |||||
Capital Markets | 1.5 | |||||
Electric Utilities | 1.4 | |||||
Diversified Telecommunication Services | 1.4 | |||||
Beverages | 1.3 | |||||
Leisure Equipment & Products | 1.3 | |||||
Computers & Peripherals | 1.3 | |||||
Construction & Engineering | 1.2 | |||||
Food Products | 1.2 | |||||
Tobacco | 1.2 | |||||
Building Products | 1.1 | |||||
Commercial Services & Supplies | 1.1 | |||||
Personal Products | 1.0 | |||||
Gas Utilities | 0.9 | |||||
Oil, Gas & Consumable Fuels | 0.9 | |||||
Semiconductors & Semiconductor Equipment | 0.8 | |||||
Multiline Retail | 0.8 | |||||
Health Care Equipment & Supplies | 0.7 | |||||
Software | 0.7 | |||||
IT Services | 0.6 | |||||
Internet Software & Services | 0.6 | |||||
Media | 0.6 | |||||
Textiles, Apparel & Luxury Goods | 0.6 | |||||
Diversified Financial Services | 0.5 | |||||
Consumer Finance | 0.5 | |||||
Hotels, Restaurants & Leisure | 0.4 | |||||
Health Care Providers & Services | 0.4 | |||||
Airlines | 0.4 | |||||
Transportation Infrastructure | 0.4 | |||||
Internet & Catalog Retail | 0.3 | |||||
Marine | 0.3 | |||||
Air Freight & Logistics | 0.3 | |||||
Household Products | 0.2 | |||||
Industrial Conglomerates | 0.2 | |||||
Paper & Forest Products | 0.2 | |||||
Diversified Consumer Services | 0.2 | |||||
Construction Materials | 0.1 | |||||
Independent Power Producers & Energy Traders | 0.1 | |||||
Professional Services | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Distributors | 0.1 | |||||
Communications Equipment | 0.0 | *** | ||||
Short Term Investments | 23.3 | |||||
Other Assets & Liabilities | (22.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) | |
*** | Amount shown represents less than 0.05% net assets. |
63
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SPDR Russell/Nomura Small Cap Japan 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 (11/9/06, 11/14/06, 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 the 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/Nomura Small Cap Japan ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.55%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
RUSSELL/NOMURA | RUSSELL/NOMURA | |||||||||||||||||||||||
NET ASSET | MARKET | JAPAN SMALL CAP | NET ASSET | MARKET | JAPAN SMALL CAP | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 16.90% | 18.70% | 17.46% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 10.38% | 11.07% | 11.00% | 10.38% | 11.07% | 11.00% | ||||||||||||||||||
THREE YEARS | 26.26% | 26.81% | 29.40% | 8.08% | 8.24% | 8.97% | ||||||||||||||||||
FIVE YEARS | 23.30% | 23.67% | 27.12% | 4.28% | 4.34% | 4.92% | ||||||||||||||||||
SINCE INCEPTION (1) | 10.06% | 10.76% | 14.74% | 1.51% | 1.61% | 2.18% | ||||||||||||||||||
(1) | For the period November 9, 2006 to March 31, 2013. |
64
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SPDR Russell/Nomura Small Cap Japan ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR Russell/ | ||||||||
Nomura Small | Russell/ Nomura | |||||||
Cap Japan | Japan Small | |||||||
ETF | Cap Index | |||||||
10000 | 10000 | |||||||
11/9/2006 | 10421 | 10352 | ||||||
12/31/2006 | 10437 | 10359 | ||||||
1/31/2007 | 10616 | 10518 | ||||||
2/28/2007 | 11009 | 10854 | ||||||
3/31/2007 | 10935 | 10738 | ||||||
4/30/2007 | 10680 | 10511 | ||||||
5/31/2007 | 10437 | 10302 | ||||||
6/30/2007 | 10449 | 10378 | ||||||
7/31/2007 | 10447 | 10379 | ||||||
8/31/2007 | 9970 | 9893 | ||||||
9/30/2007 | 9943 | 9923 | ||||||
10/31/2007 | 10046 | 10088 | ||||||
11/30/2007 | 9760 | 9806 | ||||||
12/31/2007 | 9229 | 9164 | ||||||
1/31/2008 | 8783 | 8903 | ||||||
2/29/2008 | 8869 | 8995 | ||||||
3/31/2008 | 8927 | 9026 | ||||||
4/30/2008 | 9077 | 9166 | ||||||
5/31/2008 | 9384 | 9429 | ||||||
6/30/2008 | 8852 | 8897 | ||||||
7/31/2008 | 8560 | 8648 | ||||||
8/31/2008 | 8245 | 8304 | ||||||
9/30/2008 | 7472 | 7533 | ||||||
10/1/2008 | 6769 | 6800 | ||||||
11/2/2008 | 7049 | 7079 | ||||||
12/3/2008 | 7582 | 7681 | ||||||
1/9/2009 | 7138 | 7209 | ||||||
2/9/2009 | 6186 | 6248 | ||||||
3/9/2009 | 6434 | 6503 | ||||||
4/30/2009 | 6812 | 6899 | ||||||
5/31/2009 | 7652 | 7764 | ||||||
6/30/2009 | 8131 | 8246 | ||||||
7/9/2009 | 8316 | 8437 | ||||||
8/31/2009 | 8799 | 8933 | ||||||
9/30/2009 | 8694 | 8855 | ||||||
10/31/2009 | 8344 | 8541 | ||||||
11/30/2009 | 8080 | 8243 | ||||||
12/31/2009 | 7968 | 8131 | ||||||
1/31/2010 | 8180 | 8297 | ||||||
2/28/2010 | 8340 | 8467 | ||||||
3/31/2010 | 8717 | 8867 | ||||||
4/30/2010 | 8938 | 9159 | ||||||
5/31/2010 | 8276 | 8526 | ||||||
6/30/2010 | 8448 | 8557 | ||||||
7/31/2010 | 8520 | 8628 | ||||||
8/31/2010 | 8311 | 8405 | ||||||
9/30/2010 | 8658 | 8741 | ||||||
10/31/2010 | 8557 | 8597 | ||||||
11/30/2010 | 8712 | 8810 | ||||||
12/31/2010 | 9529 | 9602 | ||||||
1/31/2011 | 9652 | 9812 | ||||||
2/28/2011 | 10062 | 10247 | ||||||
3/31/2011 | 9443 | 9617 | ||||||
4/30/2011 | 9401 | 9542 | ||||||
5/31/2011 | 9267 | 9453 | ||||||
6/30/2011 | 9623 | 9818 | ||||||
7/31/2011 | 10024 | 10239 | ||||||
8/31/2011 | 9623 | 9850 | ||||||
9/30/2011 | 9711 | 9928 | ||||||
10/31/2011 | 9396 | 9574 | ||||||
11/30/2011 | 9177 | 9336 | ||||||
12/31/2011 | 9262 | 9481 | ||||||
1/31/2012 | 9641 | 9930 | ||||||
2/29/2012 | 9735 | 10034 | ||||||
3/31/2012 | 9970 | 10336 | ||||||
4/30/2012 | 9764 | 10065 | ||||||
5/31/2012 | 8978 | 9276 | ||||||
6/30/2012 | 9357 | 9720 | ||||||
7/31/2012 | 9199 | 9564 | ||||||
8/31/2012 | 9177 | 9517 | ||||||
9/30/2012 | 9415 | 9768 | ||||||
10/31/2012 | 9167 | 9524 | ||||||
11/30/2012 | 9233 | 9607 | ||||||
12/31/2012 | 9560 | 10029 | ||||||
1/31/2013 | 9933 | 10372 | ||||||
2/28/2013 | 10215 | 10691 | ||||||
3/31/2013 | 11006 | 11474 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022021.gif)
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
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SPDR Russell/Nomura Small Cap Japan ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
KAKEN PHARMACEUTICAL | THE MUSASHINO | NIPPON PAPER | TOKAI TOKYO FINANCIAL | |||||||
DESCRIPTION | KENEDIX, INC. | CO., LTD. | BANK, LTD. | GROUP, INC. | HOLDINGS, INC. | |||||
MARKET VALUE | $508,432 | 466,261 | 443,491 | 411,640 | 404,780 | |||||
% OF NET ASSETS | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 8.1 | % | ||||
Machinery | 7.1 | |||||
Auto Components | 5.1 | |||||
Chemicals | 4.7 | |||||
Specialty Retail | 4.4 | |||||
Electronic Equipment, Instruments & Components | 4.3 | |||||
Construction & Engineering | 3.8 | |||||
Trading Companies & Distributors | 3.4 | |||||
Hotels, Restaurants & Leisure | 3.3 | |||||
Food Products | 3.0 | |||||
Real Estate Management & Development | 2.9 | |||||
Media | 2.8 | |||||
Household Durables | 2.7 | |||||
Metals & Mining | 2.6 | |||||
Capital Markets | 2.4 | |||||
Building Products | 2.4 | |||||
Pharmaceuticals | 2.4 | |||||
Commercial Services & Supplies | 2.2 | |||||
Textiles, Apparel & Luxury Goods | 2.1 | |||||
Food & Staples Retailing | 1.9 | |||||
IT Services | 1.7 | |||||
Semiconductors & Semiconductor Equipment | 1.6 | |||||
Personal Products | 1.6 | |||||
Software | 1.5 | |||||
Road & Rail | 1.4 | |||||
Health Care Equipment & Supplies | 1.3 | |||||
Electrical Equipment | 1.3 | |||||
Diversified Financial Services | 1.2 | |||||
Consumer Finance | 1.1 | |||||
Leisure Equipment & Products | 1.1 | |||||
Internet Software & Services | 1.0 | |||||
Health Care Providers & Services | 1.0 | |||||
Transportation Infrastructure | 1.0 | |||||
Containers & Packaging | 0.9 | |||||
Energy Equipment & Services | 0.9 | |||||
Computers & Peripherals | 0.8 | |||||
Multiline Retail | 0.8 | |||||
Communications Equipment | 0.8 | |||||
Paper & Forest Products | 0.8 | |||||
Biotechnology | 0.7 | |||||
Professional Services | 0.7 | |||||
Beverages | 0.6 | |||||
Internet & Catalog Retail | 0.5 | |||||
Household Products | 0.4 | |||||
Distributors | 0.4 | |||||
Air Freight & Logistics | 0.3 | |||||
Life Sciences Tools & Services | 0.3 | |||||
Gas Utilities | 0.3 | |||||
Electric Utilities | 0.3 | |||||
Marine | 0.3 | |||||
Oil, Gas & Consumable Fuels | 0.2 | |||||
Health Care Technology | 0.2 | |||||
Industrial Conglomerates | 0.2 | |||||
Office Electronics | 0.1 | |||||
Airlines | 0.0 | *** | ||||
Short Term Investments | 19.0 | |||||
Other Assets & Liabilities | (17.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for K.K. daVinci Holdings and Suruga Corp., which were both Level 2 and part of the Real Estate Management & Development industry, each representing 0.00% of net assets. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
66
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SPDR S&P International 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 (2/12/08, 2/19/08, 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 the 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 International Dividend ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.45%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P INTERNATIONAL | S&P INTERNATIONAL | |||||||||||||||||||||||
DIVIDEND | DIVIDEND | |||||||||||||||||||||||
NET ASSET | MARKET | OPPORTUNITIES | NET ASSET | MARKET | OPPORTUNITIES | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 8.61% | 9.32% | 9.79% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 4.05% | 4.09% | 5.60% | 4.05% | 4.09% | 5.60% | ||||||||||||||||||
THREE YEARS | 6.39% | 7.11% | 9.96% | 2.09% | 2.31% | 3.21% | ||||||||||||||||||
FIVE YEARS | −11.14% | −11.00% | −6.14% | −2.33% | −2.30% | −1.26% | ||||||||||||||||||
SINCE INCEPTION (1) | −7.31% | −6.83% | −2.64% | −1.47% | −1.37% | −0.52% | ||||||||||||||||||
(1) | For the period February 12, 2008 to March 31, 2013. |
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SPDR S&P International Dividend ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | S&P International | |||||||
International Dividend | Dividend Opportunities | |||||||
ETF | Index | |||||||
10000 | 10000 | |||||||
2/12/2008 | 10577 | 10510 | ||||||
3/31/2008 | 10431 | 10373 | ||||||
4/30/2008 | 10433 | 10393 | ||||||
5/31/2008 | 10267 | 10264 | ||||||
6/30/2008 | 9265 | 9239 | ||||||
7/31/2008 | 8833 | 8827 | ||||||
8/31/2008 | 8777 | 8776 | ||||||
9/30/2008 | 7307 | 7289 | ||||||
10/31/2008 | 5256 | 5236 | ||||||
11/30/2008 | 4889 | 4870 | ||||||
12/31/2008 | 5261 | 5246 | ||||||
1/31/2009 | 4577 | 4577 | ||||||
2/28/2009 | 4093 | 4084 | ||||||
3/31/2009 | 4642 | 4627 | ||||||
4/30/2009 | 5828 | 5841 | ||||||
5/31/2009 | 6734 | 6769 | ||||||
6/30/2009 | 6623 | 6662 | ||||||
7/31/2009 | 7306 | 7372 | ||||||
8/31/2009 | 7784 | 7861 | ||||||
9/30/2009 | 8320 | 8419 | ||||||
10/31/2009 | 8254 | 8356 | ||||||
11/30/2009 | 8522 | 8631 | ||||||
12/31/2009 | 8704 | 8823 | ||||||
1/31/2010 | 8351 | 8475 | ||||||
2/28/2010 | 8255 | 8380 | ||||||
3/31/2010 | 8712 | 8857 | ||||||
4/30/2010 | 8589 | 8742 | ||||||
5/31/2010 | 7585 | 7725 | ||||||
6/30/2010 | 7528 | 7672 | ||||||
7/31/2010 | 8248 | 8430 | ||||||
8/31/2010 | 8029 | 8211 | ||||||
9/30/2010 | 8931 | 9144 | ||||||
10/31/2010 | 9334 | 9562 | ||||||
11/30/2010 | 8611 | 8825 | ||||||
12/31/2010 | 9322 | 9567 | ||||||
1/31/2011 | 9451 | 9671 | ||||||
2/28/2011 | 9676 | 9909 | ||||||
3/31/2011 | 9910 | 10193 | ||||||
4/30/2011 | 10749 | 11031 | ||||||
5/31/2011 | 10327 | 10616 | ||||||
6/30/2011 | 10104 | 10386 | ||||||
7/31/2011 | 9646 | 9966 | ||||||
8/31/2011 | 8999 | 9293 | ||||||
9/30/2011 | 7943 | 8199 | ||||||
10/31/2011 | 8769 | 9054 | ||||||
11/30/2011 | 8374 | 8654 | ||||||
12/31/2011 | 8264 | 8549 | ||||||
1/31/2012 | 8668 | 8944 | ||||||
2/29/2012 | 9109 | 9425 | ||||||
3/31/2012 | 8908 | 9219 | ||||||
4/30/2012 | 8648 | 8951 | ||||||
5/31/2012 | 7552 | 7822 | ||||||
6/30/2012 | 8239 | 8544 | ||||||
7/31/2012 | 7995 | 8296 | ||||||
8/31/2012 | 8361 | 8683 | ||||||
9/30/2012 | 8534 | 8868 | ||||||
10/31/2012 | 8532 | 8870 | ||||||
11/30/2012 | 8573 | 8918 | ||||||
12/31/2012 | 8975 | 9345 | ||||||
1/31/2013 | 9330 | 9775 | ||||||
2/28/2013 | 9156 | 9598 | ||||||
3/31/2013 | 9269 | 9736 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022022.gif)
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
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SPDR S&P International Dividend ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
WESTPAC | SHIN CORP. PCL, | ILUKA | ||||||||
DESCRIPTION | NATIONAL AUSTRALIA BANK, LTD. | BANKING CORP. | NVDR | FORTUM OYJ | RESOURCES, LTD. | |||||
MARKET VALUE | $47,492,797 | 45,569,544 | 43,056,818 | 41,620,123 | 41,034,072 | |||||
% OF NET ASSETS | 3.6 | 3.4 | 3.3 | 3.2 | 3.1 | |||||
(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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Diversified Telecommunication Services | 14.8 | % | ||||
Electric Utilities | 11.5 | |||||
Oil, Gas & Consumable Fuels | 8.8 | |||||
Commercial Banks | 8.2 | |||||
Wireless Telecommunication Services | 7.6 | |||||
Real Estate Investment Trusts | 7.1 | |||||
Metals & Mining | 5.2 | |||||
Insurance | 4.9 | |||||
Construction & Engineering | 3.7 | |||||
Pharmaceuticals | 3.1 | |||||
Energy Equipment & Services | 2.9 | |||||
Chemicals | 2.6 | |||||
Paper & Forest Products | 2.2 | |||||
Food & Staples Retailing | 2.1 | |||||
Gas Utilities | 2.0 | |||||
Transportation Infrastructure | 1.7 | |||||
Multi-Utilities | 1.6 | |||||
Hotels, Restaurants & Leisure | 1.3 | |||||
Media | 1.1 | |||||
Personal Products | 0.9 | |||||
Machinery | 0.9 | |||||
Specialty Retail | 0.9 | |||||
Multiline Retail | 0.8 | |||||
Road & Rail | 0.8 | |||||
Real Estate Management & Development | 0.8 | |||||
Industrial Conglomerates | 0.7 | |||||
Office Electronics | 0.6 | |||||
IT Services | 0.6 | |||||
Diversified Financial Services | 0.1 | |||||
Aerospace & Defense | 0.1 | |||||
Health Care Providers & Services | 0.0 | *** | ||||
Textiles, Apparel & Luxury Goods | 0.0 | *** | ||||
Tobacco | 0.0 | *** | ||||
Short Term Investments | 6.8 | |||||
Other Assets & Liabilities | (6.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
69
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SPDR S&P International Mid Cap ETF —
Performance Summary
Performance Summary
The following performance chart of the Fund’s total return at net asset value, the total return based on market price and its benchmark index is provided for comparative purposes only and represents the periods noted. The Fund’s per share net asset value (“NAV”) is the value of one share of the Fund and is calculated by dividing the value of total assets less total liabilities by the number of shares outstanding. The NAV return is based on the NAV of the Fund and the market return is based on the market price per share of the Fund. The market price used to calculate the market return is determined by using the midpoint between the highest bid and the lowest offer on the exchange on which the shares of the Fund are listed for trading, as of the time that the Fund’s NAV is calculated. Since shares of the Fund did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (5/7/08, 5/13/08, 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 the 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 International Mid Cap ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.45%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
�� | S&P DEVELOPED | S&P DEVELOPED | ||||||||||||||||||||||
EX-U.S. BETWEEN | EX-U.S. BETWEEN | |||||||||||||||||||||||
USD2 BILLION AND | USD2 BILLION AND | |||||||||||||||||||||||
NET ASSET | MARKET | USD5 BILLION | NET ASSET | MARKET | USD5 BILLION | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 11.64% | 13.49% | 12.77% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 10.93% | 12.02% | 11.74% | 10.93% | 12.02% | 11.74% | ||||||||||||||||||
THREE YEARS | 25.27% | 26.05% | 27.09% | 7.80% | 8.02% | 8.32% | ||||||||||||||||||
SINCE INCEPTION (1) | 3.70% | 4.74% | 6.02% | 0.74% | 0.95% | 1.20% | ||||||||||||||||||
(1) | For the period May 7, 2008 to March 31, 2013. |
70
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SPDR S&P International Mid Cap ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022023.gif)
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
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SPDR S&P International Mid Cap ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
HIROSE ELECTRIC | KEISEI ELECTRIC | THE BANK OF | ||||||||
DESCRIPTION | CO., LTD. | RAILWAY CO., LTD. | THE JOYO BANK, LTD. | TAKASHIMAYA CO., LTD. | KYOTO, LTD. | |||||
MARKET VALUE | $270,368 | 256,031 | 241,023 | 238,928 | 234,333 | |||||
% OF NET ASSETS | 0.7 | 0.7 | 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.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 7.0 | % | ||||
Chemicals | 5.6 | |||||
Oil, Gas & Consumable Fuels | 4.6 | |||||
Real Estate Investment Trusts | 4.6 | |||||
Metals & Mining | 4.3 | |||||
Machinery | 4.2 | |||||
Insurance | 3.7 | |||||
Media | 3.5 | |||||
Construction & Engineering | 3.2 | |||||
Multiline Retail | 3.1 | |||||
Electronic Equipment, Instruments & Components | 2.9 | |||||
Real Estate Management & Development | 2.8 | |||||
Road & Rail | 2.8 | |||||
Food Products | 2.6 | |||||
Hotels, Restaurants & Leisure | 2.5 | |||||
Commercial Services & Supplies | 2.2 | |||||
Energy Equipment & Services | 2.1 | |||||
Diversified Financial Services | 2.1 | |||||
Capital Markets | 2.0 | |||||
Household Durables | 2.0 | |||||
Diversified Telecommunication Services | 1.8 | |||||
Food & Staples Retailing | 1.7 | |||||
Electric Utilities | 1.6 | |||||
Pharmaceuticals | 1.5 | |||||
Gas Utilities | 1.4 | |||||
Health Care Equipment & Supplies | 1.4 | |||||
Construction Materials | 1.3 | |||||
Auto Components | 1.3 | |||||
Industrial Conglomerates | 1.3 | |||||
Trading Companies & Distributors | 1.2 | |||||
Aerospace & Defense | 1.1 | |||||
Health Care Providers & Services | 1.0 | |||||
Textiles, Apparel & Luxury Goods | 1.0 | |||||
Consumer Finance | 0.9 | |||||
Leisure Equipment & Products | 0.9 | |||||
Transportation Infrastructure | 0.7 | |||||
Automobiles | 0.7 | |||||
IT Services | 0.7 | |||||
Internet Software & Services | 0.7 | |||||
Independent Power Producers & Energy Traders | 0.6 | |||||
Software | 0.6 | |||||
Marine | 0.6 | |||||
Electrical Equipment | 0.6 | |||||
Semiconductors & Semiconductor Equipment | 0.6 | |||||
Specialty Retail | 0.6 | |||||
Communications Equipment | 0.5 | |||||
Air Freight & Logistics | 0.5 | |||||
Airlines | 0.5 | |||||
Professional Services | 0.5 | |||||
Multi-Utilities | 0.5 | |||||
Distributors | 0.4 | |||||
Paper & Forest Products | 0.4 | |||||
Beverages | 0.3 | |||||
Computers & Peripherals | 0.3 | |||||
Biotechnology | 0.3 | |||||
Office Electronics | 0.3 | |||||
Containers & Packaging | 0.2 | |||||
Wireless Telecommunication Services | 0.2 | |||||
Personal Products | 0.2 | |||||
Water Utilities | 0.2 | |||||
Household Products | 0.1 | |||||
Building Products | 0.1 | |||||
Short Term Investments | 14.5 | |||||
Other Assets & Liabilities | (13.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for BGP Holdings PLC, which was Level 2 and part of the Real Estate Investment Trusts industry, and Neo Holdings Co., Ltd., which was Level 2 and part of the Industrial Conglomerates industry, both representing 0.00% of net assets. (Note 2) |
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SPDR S&P Emerging Markets 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 (5/12/08, 5/16/08, 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 the 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 Emerging Markets Small Cap ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.65%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P EMERGING | S&P EMERGING | |||||||||||||||||||||||
NET ASSET | MARKET | MARKETS UNDER USD2 | NET ASSET | MARKET | MARKETS UNDER USD2 | |||||||||||||||||||
VALUE | VALUE | BILLION INDEX | VALUE | VALUE | BILLION INDEX | |||||||||||||||||||
SIX MONTHS | 9.00% | 9.61% | 10.09% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 7.33% | 7.01% | 9.07% | 7.33% | 7.01% | 9.07% | ||||||||||||||||||
THREE YEARS | 8.08% | 8.07% | 15.11% | 2.62% | 2.62% | 4.80% | ||||||||||||||||||
SINCE INCEPTION (1) | 4.35% | 4.88% | 19.10% | 0.87% | 0.98% | 3.64% | ||||||||||||||||||
(1) | For the period May 12, 2008 to March 31, 2013. |
73
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SPDR S&P Emerging Markets Small Cap ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022024.gif)
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
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SPDR S&P Emerging Markets Small Cap ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
THANACHART | MEGAWORLD | MINOR | SHENZHEN INTERNATIONAL | CORONATION FUND | ||||||
DESCRIPTION | CAPITAL PCL | CORP. | INTERNATIONAL PCL | HOLDINGS, LTD. | MANAGERS, LTD. | |||||
MARKET VALUE | $6,912,679 | 6,661,613 | 5,284,772 | 5,162,673 | 5,099,433 | |||||
% OF NET ASSETS | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Real Estate Management & Development | 9.6 | % | ||||
Semiconductors & Semiconductor Equipment | 5.2 | |||||
Food Products | 4.8 | |||||
Chemicals | 4.7 | |||||
Commercial Banks | 4.5 | |||||
Electronic Equipment, Instruments & Components | 4.3 | |||||
Construction & Engineering | 4.1 | |||||
Metals & Mining | 4.0 | |||||
Pharmaceuticals | 3.1 | |||||
Machinery | 2.5 | |||||
Household Durables | 2.5 | |||||
Hotels, Restaurants & Leisure | 2.5 | |||||
Diversified Financial Services | 2.4 | |||||
Oil, Gas & Consumable Fuels | 2.4 | |||||
Textiles, Apparel & Luxury Goods | 2.3 | |||||
Capital Markets | 2.2 | |||||
Computers & Peripherals | 2.2 | |||||
Electrical Equipment | 2.0 | |||||
Auto Components | 1.8 | |||||
Transportation Infrastructure | 1.8 | |||||
Marine | 1.8 | |||||
Industrial Conglomerates | 1.7 | |||||
Media | 1.6 | |||||
Specialty Retail | 1.4 | |||||
Automobiles | 1.3 | |||||
Independent Power Producers & Energy Traders | 1.3 | |||||
Multiline Retail | 1.3 | |||||
Communications Equipment | 1.3 | |||||
Paper & Forest Products | 1.2 | |||||
Construction Materials | 1.1 | |||||
Leisure Equipment & Products | 1.0 | |||||
Real Estate Investment Trusts | 0.9 | |||||
Health Care Providers & Services | 0.9 | |||||
Diversified Telecommunication Services | 0.9 | |||||
Food & Staples Retailing | 0.8 | |||||
Health Care Equipment & Supplies | 0.8 | |||||
Commercial Services & Supplies | 0.8 | |||||
Software | 0.8 | |||||
Diversified Consumer Services | 0.8 | |||||
Electric Utilities | 0.7 | |||||
Beverages | 0.7 | |||||
Internet Software & Services | 0.6 | |||||
Water Utilities | 0.6 | |||||
Airlines | 0.6 | |||||
Consumer Finance | 0.6 | |||||
Trading Companies & Distributors | 0.6 | |||||
IT Services | 0.5 | |||||
Energy Equipment & Services | 0.5 | |||||
Tobacco | 0.4 | |||||
Containers & Packaging | 0.4 | |||||
Insurance | 0.4 | |||||
Air Freight & Logistics | 0.4 | |||||
Wireless Telecommunication Services | 0.4 | |||||
Biotechnology | 0.3 | |||||
Building Products | 0.3 | |||||
Personal Products | 0.2 | |||||
Gas Utilities | 0.2 | |||||
Road & Rail | 0.2 | |||||
Household Products | 0.2 | |||||
Internet & Catalog Retail | 0.2 | |||||
Thrifts & Mortgage Finance | 0.1 | |||||
Distributors | 0.1 | |||||
Professional Services | 0.1 | |||||
Aerospace & Defense | 0.1 | |||||
Office Electronics | 0.1 | |||||
Short Term Investments | 5.9 | |||||
Other Assets & Liabilities | (6.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Bakrie and Brothers Tbk PT, which was Level 2 and part of the Industrial Conglomerates industry, representing 0.05% of net assets, China Metal Recycling Holdings, Ltd., which was Level 2 and part of the Metals & Mining industry, representing 0.13% of net assets, Darma Henwa PT Tbk, which was Level 2 and part of the Metals & Mining industry, representing 0.02% of net assets, Indiabulls Financial Services, Ltd., which was Level 2 and part of the Diversified Financial Services industry, representing 0.31% of net assets, China Precious Metal Resources Holdings Co., Ltd., which was Level 2 and part of the Metals & Mining industry, representing 0.07% of net assets, Boshiwa International Holding, Ltd., which was Level 3 and part of the Specialty Retail industry, China Forestry Holdings, Ltd., which was Level 3 and part of the Paper & Forest Products industry, China High Precision Automation Group, Ltd., which was Level 2 and part of the Electronic Equipment, Instruments & Components industry, China Hongxing Sports, Ltd., which was Level 3 and part of the Textiles, Apparel & Luxury Goods industry, Polimex-Mostostal SA, which was Level 2 and part of the Construction & Engineering industry, Real Gold Mining, Ltd., which was Level 3 and part of the Metals & Mining industry, each representing 0.00% of net assets. (Note 2) |
75
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SPDR Dow Jones Global Real Estate 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 (5/7/08, 5/13/08, 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 the 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 Global Real Estate ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
DOW JONES GLOBAL | DOW JONES GLOBAL | |||||||||||||||||||||||
SELECT REAL | SELECT REAL | |||||||||||||||||||||||
NET ASSET | MARKET | ESTATE | NET ASSET | MARKET | ESTATE | |||||||||||||||||||
VALUE | VALUE | SECURITIES INDEX | VALUE | VALUE | SECURITIES INDEX | |||||||||||||||||||
SIX MONTHS | 11.31% | 11.64% | 11.42% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 17.92% | 17.91% | 18.05% | 17.92% | 17.91% | 18.05% | ||||||||||||||||||
THREE YEARS | 52.41% | 52.53% | 52.27% | 15.08% | 15.11% | 15.04% | ||||||||||||||||||
SINCE INCEPTION (1) | 12.10% | 12.40% | 10.52% | 2.36% | 2.41% | 2.06% | ||||||||||||||||||
(1) | For the period May 7, 2008 to March 31, 2013. |
76
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SPDR Dow Jones Global Real Estate ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022025.gif)
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
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SPDR Dow Jones Global Real Estate ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
SIMON PROPERTY | MITSUI FUDOSAN | |||||||||
DESCRIPTION | GROUP, INC. | CO., LTD. | WESTFIELD GROUP | HCP, INC. | PUBLIC STORAGE | |||||
MARKET VALUE | $54,527,833 | 27,114,167 | 25,410,124 | 24,769,850 | 24,072,348 | |||||
% OF NET ASSETS | 5.9 | 3.0 | 2.8 | 2.7 | 2.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Retail REITs | 27.9 | % | ||||
Real Estate Management & Development | 16.4 | |||||
Specialized REITs | 15.2 | |||||
Office REITs | 14.6 | |||||
Diversified REITs | 10.7 | |||||
Residential REITs | 9.5 | |||||
Industrial REITs | 5.1 | |||||
Diversified Capital Markets | 0.3 | |||||
Short Term Investments | 8.0 | |||||
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. | |
** | Each security is valued based on Level 1 inputs, except for BGP Holdings PLC, which was Level 2 and part of the Real Estate Investment Trusts industry, and Martinsa-Fadesa SA, which was Level 2 and part of the Real Estate Management & Development industry, both representing 0.00% of net assets. (Note 2) |
78
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SPDR S&P International Consumer Discretionary Sector 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 (7/16/08, 7/22/08, 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 the 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 International Consumer Discretionary Sector ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
EX-U.S. BMI | EX-U.S. BMI | |||||||||||||||||||||||
CONSUMER | CONSUMER | |||||||||||||||||||||||
NET ASSET | MARKET | DISCRETIONARY | NET ASSET | MARKET | DISCRETIONARY | |||||||||||||||||||
VALUE | VALUE | SECTOR INDEX | VALUE | VALUE | SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | 18.48% | 19.28% | 18.77% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 13.26% | 12.69% | 13.85% | 13.26% | 12.69% | 13.85% | ||||||||||||||||||
THREE YEARS | 37.15% | 37.21% | 38.32% | 11.10% | 11.12% | 11.42% | ||||||||||||||||||
SINCE INCEPTION (1) | 40.52% | 40.41% | 40.09% | 7.49% | 7.47% | 7.43% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2013. |
79
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SPDR S&P International Consumer Discretionary Sector ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | S&P Developed | |||||||
International Consumer | Ex-U.S. BMI | |||||||
Discretionary Sector | Consumer Discertionary | |||||||
ETF | Sector Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10235.00 | 10251.00 | ||||||
8/31/2008 | 10027.00 | 10047.00 | ||||||
9/30/2008 | 8771.00 | 8725.00 | ||||||
10/1/2008 | 7407.00 | 7187.00 | ||||||
11/2/2008 | 6560.00 | 6384.00 | ||||||
12/3/2008 | 6969.00 | 6788.00 | ||||||
1/9/2009 | 6485.00 | 6309.00 | ||||||
2/9/2009 | 6029.00 | 5887.00 | ||||||
3/31/2009 | 6455.00 | 6289.00 | ||||||
4/30/2009 | 7801.00 | 7544.00 | ||||||
5/31/2009 | 8238.00 | 8059.00 | ||||||
6/30/2009 | 8221.00 | 8066.00 | ||||||
7/9/2009 | 9099.00 | 8967.00 | ||||||
8/31/2009 | 9376.00 | 9223.00 | ||||||
9/30/2009 | 9682.00 | 9547.00 | ||||||
10/31/2009 | 9537.00 | 9449.00 | ||||||
11/30/2009 | 9573.00 | 9478.00 | ||||||
12/31/2009 | 9918.00 | 9797.00 | ||||||
1/31/2010 | 9636.00 | 9531.00 | ||||||
2/28/2010 | 9475.00 | 9385.00 | ||||||
3/31/2010 | 10245.00 | 10129.00 | ||||||
4/30/2010 | 10330.00 | 10278.00 | ||||||
5/31/2010 | 9334.00 | 9279.00 | ||||||
6/30/2010 | 9285.00 | 9198.00 | ||||||
7/31/2010 | 10042.00 | 9951.00 | ||||||
8/31/2010 | 9753.00 | 9683.00 | ||||||
9/30/2010 | 10952.00 | 10896.00 | ||||||
10/31/2010 | 11347.00 | 11316.00 | ||||||
11/30/2010 | 11258.00 | 11213.00 | ||||||
12/31/2010 | 11944.00 | 11934.00 | ||||||
1/31/2011 | 12153.00 | 12123.00 | ||||||
2/28/2011 | 12349.00 | 12367.00 | ||||||
3/31/2011 | 11967.00 | 12033.00 | ||||||
4/30/2011 | 12833.00 | 12893.00 | ||||||
5/31/2011 | 12710.00 | 12772.00 | ||||||
6/30/2011 | 12857.00 | 12887.00 | ||||||
7/31/2011 | 12696.00 | 12778.00 | ||||||
8/31/2011 | 11419.00 | 11485.00 | ||||||
9/30/2011 | 10369.00 | 10375.00 | ||||||
10/31/2011 | 11333.00 | 11334.00 | ||||||
11/30/2011 | 10671.00 | 10661.00 | ||||||
12/31/2011 | 10447.00 | 10422.00 | ||||||
1/31/2012 | 11360.00 | 11315.00 | ||||||
2/29/2012 | 12167.00 | 12108.00 | ||||||
3/31/2012 | 12407.00 | 12305.00 | ||||||
4/30/2012 | 12291.00 | 12216.00 | ||||||
5/31/2012 | 11009.00 | 10913.00 | ||||||
6/30/2012 | 11363.00 | 11303.00 | ||||||
7/31/2012 | 11406.00 | 11352.00 | ||||||
8/31/2012 | 11744.00 | 11654.00 | ||||||
9/30/2012 | 11860.00 | 11795.00 | ||||||
10/31/2012 | 11951.00 | 11887.00 | ||||||
11/30/2012 | 12488.00 | 12415.00 | ||||||
12/31/2012 | 13018.00 | 12951.00 | ||||||
1/31/2013 | 13644.00 | 13584.00 | ||||||
2/28/2013 | 13720.00 | 13725.00 | ||||||
3/31/2013 | 14052.00 | 14009.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022026.gif)
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
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SPDR S&P International Consumer Discretionary Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
LVMH MOET HENNESSY | ||||||||||
DESCRIPTION | TOYOTA MOTOR CORP. | HONDA MOTOR CO. LTD. | DAIMLER AG | LOUIS VUITTON SA | HYUNDAI MOTOR CO. | |||||
MARKET VALUE | $723,676 | 302,489 | 271,864 | 235,731 | 229,114 | |||||
% OF NET ASSETS | 7.5 | 3.1 | 2.8 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Automobiles | 26.0 | % | ||||
Media | 15.8 | |||||
Hotels, Restaurants & Leisure | 12.3 | |||||
Textiles, Apparel & Luxury Goods | 10.9 | |||||
Auto Components | 9.4 | |||||
Specialty Retail | 8.6 | |||||
Household Durables | 6.2 | |||||
Multiline Retail | 5.0 | |||||
Leisure Equipment & Products | 2.5 | |||||
Distributors | 1.0 | |||||
Internet & Catalog Retail | 0.7 | |||||
Diversified Consumer Services | 0.6 | |||||
Chemicals | 0.4 | |||||
Short Term Investments | 3.3 | |||||
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. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
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SPDR S&P International Consumer Staples Sector 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 (7/16/08, 7/22/08, 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 the 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 International Consumer Staples Sector ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
EX-U.S. BMI | EX-U.S. BMI | |||||||||||||||||||||||
NET ASSET | MARKET | CONSUMER STAPLES | NET ASSET | MARKET | CONSUMER STAPLES | |||||||||||||||||||
VALUE | VALUE | SECTOR INDEX | VALUE | VALUE | SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | 12.80% | 13.77% | 13.80% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 18.49% | 18.80% | 20.44% | 18.49% | 18.80% | 20.44% | ||||||||||||||||||
THREE YEARS | 45.00% | 45.16% | 50.06% | 13.18% | 13.23% | 14.48% | ||||||||||||||||||
SINCE INCEPTION (1) | 57.09% | 57.99% | 67.13% | 10.06% | 10.20% | 11.53% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2013. |
82
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SPDR S&P International Consumer Staples Sector ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | S&P Developed | |||||||
International Consumer | Ex-U.S. BMI | |||||||
Staples Sector | Consumer Staples | |||||||
ETF | Sector Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10258.00 | 10267.00 | ||||||
8/31/2008 | 10127.00 | 10158.00 | ||||||
9/30/2008 | 9430.00 | 9468.00 | ||||||
10/1/2008 | 8001.00 | 8060.00 | ||||||
11/2/2008 | 7752.00 | 7755.00 | ||||||
12/3/2008 | 8171.00 | 8240.00 | ||||||
1/9/2009 | 7562.00 | 7669.00 | ||||||
2/9/2009 | 6954.00 | 7044.00 | ||||||
3/31/2009 | 7070.00 | 7180.00 | ||||||
4/30/2009 | 7456.00 | 7597.00 | ||||||
5/31/2009 | 8354.00 | 8508.00 | ||||||
6/30/2009 | 8504.00 | 8696.00 | ||||||
7/9/2009 | 9175.00 | 9408.00 | ||||||
8/31/2009 | 9443.00 | 9685.00 | ||||||
9/30/2009 | 9852.00 | 10149.00 | ||||||
10/31/2009 | 10126.00 | 10423.00 | ||||||
11/30/2009 | 10361.00 | 10669.00 | ||||||
12/31/2009 | 10599.00 | 10890.00 | ||||||
1/31/2010 | 10396.00 | 10676.00 | ||||||
2/28/2010 | 10475.00 | 10738.00 | ||||||
3/31/2010 | 10835.00 | 11137.00 | ||||||
4/30/2010 | 10677.00 | 11005.00 | ||||||
5/31/2010 | 9734.00 | 10076.00 | ||||||
6/30/2010 | 9987.00 | 10346.00 | ||||||
7/31/2010 | 10540.00 | 10927.00 | ||||||
8/31/2010 | 10540.00 | 10939.00 | ||||||
9/30/2010 | 11416.00 | 11875.00 | ||||||
10/31/2010 | 11691.00 | 12127.00 | ||||||
11/30/2010 | 11170.00 | 11607.00 | ||||||
12/31/2010 | 11865.00 | 12349.00 | ||||||
1/31/2011 | 11574.00 | 12071.00 | ||||||
2/28/2011 | 11938.00 | 12399.00 | ||||||
3/31/2011 | 11914.00 | 12413.00 | ||||||
4/30/2011 | 12878.00 | 13433.00 | ||||||
5/31/2011 | 12975.00 | 13566.00 | ||||||
6/30/2011 | 12723.00 | 13320.00 | ||||||
7/31/2011 | 12805.00 | 13424.00 | ||||||
8/31/2011 | 12364.00 | 12955.00 | ||||||
9/30/2011 | 11653.00 | 12192.00 | ||||||
10/31/2011 | 12488.00 | 13011.00 | ||||||
11/30/2011 | 12259.00 | 12774.00 | ||||||
12/31/2011 | 12332.00 | 12844.00 | ||||||
1/31/2012 | 12273.00 | 12818.00 | ||||||
2/29/2012 | 12924.00 | 13488.00 | ||||||
3/31/2012 | 13259.00 | 13877.00 | ||||||
4/30/2012 | 13354.00 | 14015.00 | ||||||
5/31/2012 | 12332.00 | 12961.00 | ||||||
6/30/2012 | 13028.00 | 13699.00 | ||||||
7/31/2012 | 13448.00 | 14123.00 | ||||||
8/31/2012 | 13785.00 | 14508.00 | ||||||
9/30/2012 | 13927.00 | 14686.00 | ||||||
10/31/2012 | 13875.00 | 14687.00 | ||||||
11/30/2012 | 14300.00 | 15125.00 | ||||||
12/31/2012 | 14285.00 | 15150.00 | ||||||
1/31/2013 | 14955.00 | 15881.00 | ||||||
2/28/2013 | 15190.00 | 16147.00 | ||||||
3/31/2013 | 15709.00 | 16713.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022027.gif)
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
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SPDR S&P International Consumer Staples Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
BRITISH AMERICAN | ANHEUSER-BUSCH | |||||||||
DESCRIPTION | NESTLE SA | TOBACCO PLC | INBEV NV | DIAGEO PLC | UNILEVER NV | |||||
MARKET VALUE | $5,496,277 | 2,357,739 | 1,903,485 | 1,870,590 | 1,735,631 | |||||
% OF NET ASSETS | 14.9 | 6.4 | 5.2 | 5.1 | 4.7 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Food Products | 33.9 | % | ||||
Beverages | 21.0 | |||||
Food & Staples Retailing | 20.7 | |||||
Tobacco | 11.8 | |||||
Household Products | 5.9 | |||||
Personal Products | 5.8 | |||||
Real Estate Investment Trusts | 0.0 | %*** | ||||
Short Term Investments | 1.4 | |||||
Other Assets & Liabilities | (0.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for Anheuser-Busch InBev NV — VVPR Strip, which was Level 2 and part of the Beverages industry, representing 0.00% of net assets. (Note 2) | |
*** | Amount shown represents less than 0.05% of net assets. |
84
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SPDR S&P International Energy Sector 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 (7/16/08, 7/22/08, 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 the 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 International Energy Sector ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
NET ASSET | MARKET | EX-U.S. BMI ENERGY | NET ASSET | MARKET | EX-U.S. BMI ENERGY | |||||||||||||||||||
VALUE | VALUE | SECTOR INDEX | VALUE | VALUE | SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | −2.42% | −2.22% | −1.77% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −4.20% | −4.42% | −3.42% | −4.20% | −4.42% | −3.42% | ||||||||||||||||||
THREE YEARS | 1.86% | 1.75% | 5.17% | 0.62% | 0.58% | 1.69% | ||||||||||||||||||
SINCE INCEPTION (1) | −11.71% | −11.84% | −7.11% | −2.61% | −2.64% | −1.55% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2013. |
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SPDR S&P International Energy Sector ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Developed | ||||||||||||
SPDR S&P | Ex-U.S. BMI | |||||||||||
International Energy | Energy Sector | |||||||||||
Sector ETF | Index | |||||||||||
10000.00 | 10000.00 | |||||||||||
7/16/2008 | 9937.00 | 9918.00 | ||||||||||
8/31/2008 | 9760.00 | 9686.00 | ||||||||||
9/30/2008 | 7972.00 | 7830.00 | ||||||||||
10/1/2008 | 6535.00 | 6403.00 | ||||||||||
11/2/2008 | 6353.00 | 6197.00 | ||||||||||
12/3/2008 | 6234.00 | 6138.00 | ||||||||||
1/9/2009 | 5961.00 | 5862.00 | ||||||||||
2/9/2009 | 5634.00 | 5541.00 | ||||||||||
3/31/2009 | 5993.00 | 5924.00 | ||||||||||
4/30/2009 | 6519.00 | 6497.00 | ||||||||||
5/31/2009 | 7785.00 | 7778.00 | ||||||||||
6/30/2009 | 7317.00 | 7352.00 | ||||||||||
7/9/2009 | 7622.00 | 7681.00 | ||||||||||
8/31/2009 | 7860.00 | 7945.00 | ||||||||||
9/30/2009 | 8377.00 | 8449.00 | ||||||||||
10/31/2009 | 8404.00 | 8509.00 | ||||||||||
11/30/2009 | 8598.00 | 8701.00 | ||||||||||
12/31/2009 | 8859.00 | 8995.00 | ||||||||||
1/31/2010 | 8276.00 | 8431.00 | ||||||||||
2/28/2010 | 8163.00 | 8310.00 | ||||||||||
3/31/2010 | 8668.00 | 8832.00 | ||||||||||
4/30/2010 | 8645.00 | 8833.00 | ||||||||||
5/31/2010 | 7563.00 | 7702.00 | ||||||||||
6/30/2010 | 7021.00 | 7139.00 | ||||||||||
7/31/2010 | 7784.00 | 7952.00 | ||||||||||
8/31/2010 | 7454.00 | 7624.00 | ||||||||||
9/30/2010 | 8278.00 | 8503.00 | ||||||||||
10/31/2010 | 8613.00 | 8860.00 | ||||||||||
11/30/2010 | 8316.00 | 8620.00 | ||||||||||
12/31/2010 | 9292.00 | 9655.00 | ||||||||||
1/31/2011 | 9743.00 | 10119.00 | ||||||||||
2/28/2011 | 10301.00 | 10690.00 | ||||||||||
3/31/2011 | 10272.00 | 10688.00 | ||||||||||
4/30/2011 | 10640.00 | 11084.00 | ||||||||||
5/31/2011 | 10132.00 | 10577.00 | ||||||||||
6/30/2011 | 9807.00 | 10212.00 | ||||||||||
7/31/2011 | 9735.00 | 10197.00 | ||||||||||
8/31/2011 | 8817.00 | 9221.00 | ||||||||||
9/30/2011 | 7770.00 | 8068.00 | ||||||||||
10/31/2011 | 9084.00 | 9482.00 | ||||||||||
11/30/2011 | 8887.00 | 9268.00 | ||||||||||
12/31/2011 | 8876.00 | 9246.00 | ||||||||||
1/31/2012 | 9183.00 | 9589.00 | ||||||||||
2/29/2012 | 9745.00 | 10175.00 | ||||||||||
3/31/2012 | 9216.00 | 9618.00 | ||||||||||
4/30/2012 | 9179.00 | 9568.00 | ||||||||||
5/31/2012 | 7909.00 | 8251.00 | ||||||||||
6/30/2012 | 8344.00 | 8673.00 | ||||||||||
7/31/2012 | 8564.00 | 8918.00 | ||||||||||
8/31/2012 | 8950.00 | 9317.00 | ||||||||||
9/30/2012 | 9049.00 | 9456.00 | ||||||||||
10/31/2012 | 8970.00 | 9382.00 | ||||||||||
11/30/2012 | 8836.00 | 9253.00 | ||||||||||
12/31/2012 | 8926.00 | 9361.00 | ||||||||||
1/31/2013 | 9249.00 | 9710.00 | ||||||||||
2/28/2013 | 8869.00 | 9311.00 | ||||||||||
3/31/2013 | 8829.00 | 9289.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022028.gif)
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
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SPDR S&P International Energy Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
ROYAL DUTCH SHELL | ROYAL DUTCH | |||||||||
DESCRIPTION | BP PLC | PLC (CLASS A) | TOTAL SA | SHELL PLC (CLASS B) | ENI SPA | |||||
MARKET VALUE | $1,118,252 | 1,050,524 | 950,285 | 737,086 | 504,163 | |||||
% OF NET ASSETS | 10.2 | 9.6 | 8.7 | 6.7 | 4.6 | |||||
(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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 90.2 | % | ||||
Energy Equipment & Services | 9.2 | |||||
Short Term Investments | 6.6 | |||||
Other Assets & Liabilities | (6.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
87
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SPDR S&P International Financial Sector 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 (7/16/08, 7/22/08, 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 the 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 International Financial Sector ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
EX-U.S. BMI | EX-U.S. BMI | |||||||||||||||||||||||
NET ASSET | MARKET | FINANCIALS SECTOR | NET ASSET | MARKET | FINANCIALS SECTOR | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 15.11% | 15.70% | 15.93% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 17.38% | 17.73% | 18.94% | 17.38% | 17.73% | 18.94% | ||||||||||||||||||
THREE YEARS | 8.53% | 9.07% | 12.53% | 2.77% | 2.94% | 4.01% | ||||||||||||||||||
SINCE INCEPTION (1) | −5.31% | −4.88% | −2.29% | −1.15% | −1.06% | −0.49% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2013. |
88
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SPDR S&P International Financial Sector ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Developed | ||||||||
SPDR S&P | Ex-U.S. BMI | |||||||
International Financial | Financials Sector | |||||||
Sector ETF | Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10608.00 | 10703.00 | ||||||
8/31/2008 | 9988.00 | 10146.00 | ||||||
9/30/2008 | 8797.00 | 8960.00 | ||||||
10/1/2008 | 6409.00 | 6466.00 | ||||||
11/2/2008 | 5791.00 | 5875.00 | ||||||
12/3/2008 | 6129.00 | 6097.00 | ||||||
1/9/2009 | 5292.00 | 5311.00 | ||||||
2/9/2009 | 4443.00 | 4446.00 | ||||||
3/31/2009 | 5057.00 | 4998.00 | ||||||
4/30/2009 | 6233.00 | 6126.00 | ||||||
5/31/2009 | 7169.00 | 7066.00 | ||||||
6/30/2009 | 7121.00 | 7030.00 | ||||||
7/9/2009 | 7981.00 | 7909.00 | ||||||
8/31/2009 | 8728.00 | 8581.00 | ||||||
9/30/2009 | 9004.00 | 8939.00 | ||||||
10/31/2009 | 8675.00 | 8620.00 | ||||||
11/30/2009 | 8747.00 | 8675.00 | ||||||
12/31/2009 | 8671.00 | 8599.00 | ||||||
1/31/2010 | 8137.00 | 8089.00 | ||||||
2/28/2010 | 8175.00 | 8102.00 | ||||||
3/31/2010 | 8725.00 | 8684.00 | ||||||
4/30/2010 | 8581.00 | 8551.00 | ||||||
5/31/2010 | 7480.00 | 7440.00 | ||||||
6/30/2010 | 7318.00 | 7306.00 | ||||||
7/31/2010 | 8293.00 | 8291.00 | ||||||
8/31/2010 | 7827.00 | 7855.00 | ||||||
9/30/2010 | 8499.00 | 8528.00 | ||||||
10/31/2010 | 8742.00 | 8749.00 | ||||||
11/30/2010 | 8070.00 | 8107.00 | ||||||
12/31/2010 | 8725.00 | 8808.00 | ||||||
1/31/2011 | 9156.00 | 9204.00 | ||||||
2/28/2011 | 9534.00 | 9566.00 | ||||||
3/31/2011 | 9197.00 | 9270.00 | ||||||
4/30/2011 | 9678.00 | 9770.00 | ||||||
5/31/2011 | 9272.00 | 9381.00 | ||||||
6/30/2011 | 9073.00 | 9208.00 | ||||||
7/31/2011 | 8716.00 | 8896.00 | ||||||
8/31/2011 | 7856.00 | 8012.00 | ||||||
9/30/2011 | 6970.00 | 7112.00 | ||||||
10/31/2011 | 7687.00 | 7807.00 | ||||||
11/30/2011 | 7042.00 | 7185.00 | ||||||
12/31/2011 | 6982.00 | 7108.00 | ||||||
1/31/2012 | 7601.00 | 7747.00 | ||||||
2/29/2012 | 8138.00 | 8262.00 | ||||||
3/31/2012 | 8069.00 | 8215.00 | ||||||
4/30/2012 | 7844.00 | 7981.00 | ||||||
5/31/2012 | 6810.00 | 6967.00 | ||||||
6/30/2012 | 7450.00 | 7615.00 | ||||||
7/31/2012 | 7543.00 | 7707.00 | ||||||
8/31/2012 | 7836.00 | 8019.00 | ||||||
9/30/2012 | 8226.00 | 8428.00 | ||||||
10/31/2012 | 8428.00 | 8641.00 | ||||||
11/30/2012 | 8656.00 | 8864.00 | ||||||
12/31/2012 | 9059.00 | 9270.00 | ||||||
1/31/2013 | 9659.00 | 9881.00 | ||||||
2/28/2013 | 9531.00 | 9800.00 | ||||||
3/31/2013 | 9469.00 | 9771.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022029.gif)
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
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SPDR S&P International Financial Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
HSBC | COMMONWEALTH | WESTPAC BANKING | ROYAL BANK | MITSUBISHI ESTATE | ||||||
DESCRIPTION | HOLDINGS PLC | BANK OF AUSTRALIA | CORP. | OF CANADA | CO., LTD. | |||||
MARKET VALUE | $408,721 | 235,968 | 208,479 | 198,548 | 193,278 | |||||
% OF NET ASSETS | 5.2 | 3.0 | 2.6 | 2.5 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Commercial Banks | 51.7 | % | ||||
Insurance | 19.6 | |||||
Real Estate Management & Development | 9.9 | |||||
Capital Markets | 8.7 | |||||
Real Estate Investment Trusts | 4.1 | |||||
Diversified Financial Services | 3.9 | |||||
Consumer Finance | 1.3 | |||||
Short Term Investments | 5.2 | |||||
Other Assets & Liabilities | (4.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
90
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SPDR S&P International Health Care Sector 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 (7/16/08, 7/22/08, 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 the 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 International Health Care Sector ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
NET ASSET | MARKET | EX-U.S. BMI HEALTH | NET ASSET | MARKET | EX-U.S. BMI HEALTH | |||||||||||||||||||
VALUE | VALUE | CARE SECTOR INDEX | VALUE | VALUE | CARE SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | 13.81% | 13.75% | 14.80% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 24.89% | 24.81% | 26.20% | 24.89% | 24.81% | 26.20% | ||||||||||||||||||
THREE YEARS | 44.21% | 43.86% | 48.78% | 12.98% | 12.89% | 14.16% | ||||||||||||||||||
SINCE INCEPTION (1) | 41.06% | 41.33% | 48.77% | 7.58% | 7.62% | 8.81% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2013. |
91
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SPDR S&P International Health Care Sector ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR S&P | S&P Developed | |||||||
International Health | Ex-U.S. BMI | |||||||
Care Sector | Health Care | |||||||
ETF | Sector Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10163.00 | 10204.00 | ||||||
8/31/2008 | 10042.00 | 10044.00 | ||||||
9/30/2008 | 9103.00 | 9082.00 | ||||||
10/1/2008 | 8048.00 | 8070.00 | ||||||
11/2/2008 | 7602.00 | 7615.00 | ||||||
12/3/2008 | 8235.00 | 8237.00 | ||||||
1/9/2009 | 7708.00 | 7708.00 | ||||||
2/9/2009 | 6852.00 | 6852.00 | ||||||
3/9/2009 | 7028.00 | 7099.00 | ||||||
4/30/2009 | 7216.00 | 7282.00 | ||||||
5/31/2009 | 7897.00 | 7978.00 | ||||||
6/30/2009 | 7972.00 | 8094.00 | ||||||
7/9/2009 | 8604.00 | 8741.00 | ||||||
8/31/2009 | 8948.00 | 9086.00 | ||||||
9/30/2009 | 9356.00 | 9532.00 | ||||||
10/31/2009 | 9267.00 | 9475.00 | ||||||
11/30/2009 | 9605.00 | 9798.00 | ||||||
12/31/2009 | 9741.00 | 9945.00 | ||||||
1/31/2010 | 9557.00 | 9766.00 | ||||||
2/28/2010 | 9557.00 | 9783.00 | ||||||
3/31/2010 | 9781.00 | 9998.00 | ||||||
4/30/2010 | 9462.00 | 9685.00 | ||||||
5/31/2010 | 8606.00 | 8835.00 | ||||||
6/30/2010 | 8909.00 | 9100.00 | ||||||
7/31/2010 | 9151.00 | 9301.00 | ||||||
8/31/2010 | 9268.00 | 9512.00 | ||||||
9/30/2010 | 9891.00 | 10223.00 | ||||||
10/31/2010 | 10075.00 | 10418.00 | ||||||
11/30/2010 | 9652.00 | 9966.00 | ||||||
12/31/2010 | 10222.00 | 10581.00 | ||||||
1/31/2011 | 10269.00 | 10633.00 | ||||||
2/28/2011 | 10569.00 | 10941.00 | ||||||
3/31/2011 | 10529.00 | 10902.00 | ||||||
4/30/2011 | 11311.00 | 11717.00 | ||||||
5/31/2011 | 11607.00 | 12029.00 | ||||||
6/30/2011 | 11347.00 | 11774.00 | ||||||
7/31/2011 | 11508.00 | 11969.00 | ||||||
8/31/2011 | 10777.00 | 11193.00 | ||||||
9/30/2011 | 10157.00 | 10573.00 | ||||||
10/31/2011 | 10563.00 | 11028.00 | ||||||
11/30/2011 | 10332.00 | 10758.00 | ||||||
12/31/2011 | 10679.00 | 11126.00 | ||||||
1/31/2012 | 10804.00 | 11258.00 | ||||||
2/29/2012 | 11153.00 | 11633.00 | ||||||
3/31/2012 | 11294.00 | 11787.00 | ||||||
4/30/2012 | 11471.00 | 11957.00 | ||||||
5/31/2012 | 10635.00 | 11082.00 | ||||||
6/30/2012 | 11384.00 | 11880.00 | ||||||
7/31/2012 | 11788.00 | 12293.00 | ||||||
8/31/2012 | 11944.00 | 12468.00 | ||||||
9/30/2012 | 12395.00 | 12960.00 | ||||||
10/31/2012 | 12341.00 | 12919.00 | ||||||
11/30/2012 | 12446.00 | 13025.00 | ||||||
12/31/2012 | 12573.00 | 13157.00 | ||||||
1/31/2013 | 13389.00 | 14055.00 | ||||||
2/28/2013 | 13539.00 | 14254.00 | ||||||
3/31/2013 | 14106.00 | 14877.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022030.gif)
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.
92
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SPDR S&P International Health Care Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
DESCRIPTION | NOVARTIS AG | ROCHE HOLDING AG | SANOFI | GLAXOSMITHKLINE PLC | BAYER AG | |||||
MARKET VALUE | $3,883,530 | 3,417,162 | 2,465,062 | 2,344,009 | 1,721,502 | |||||
% OF NET ASSETS | 11.5 | 10.2 | 7.3 | 7.0 | 5.1 | |||||
(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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Pharmaceuticals | 74.6 | % | ||||
Health Care Equipment & Supplies | 9.9 | |||||
Health Care Providers & Services | 7.3 | |||||
Biotechnology | 6.6 | |||||
Chemicals | 0.4 | |||||
Life Sciences Tools & Services | 0.3 | |||||
Health Care Technology | 0.0 | |||||
Short Term Investments | 1.0 | |||||
Other Assets & Liabilities | (0.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
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SPDR S&P International Industrial Sector 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 (7/16/08, 7/22/08, 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 the 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 International Industrial Sector ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
NET ASSET | MARKET | EX-U.S. BMI INDUSTRIAL | NET ASSET | MARKET | EX-U.S. BMI INDUSTRIAL | |||||||||||||||||||
VALUE | VALUE | SECTOR INDEX | VALUE | VALUE | SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | 14.20% | 15.14% | 13.75% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 10.17% | 10.30% | 9.52% | 10.17% | 10.30% | 9.52% | ||||||||||||||||||
THREE YEARS | 19.18% | 19.37% | 23.32% | 6.02% | 6.08% | 7.24% | ||||||||||||||||||
SINCE INCEPTION (1) | 12.14% | 12.69% | 14.30% | 2.46% | 2.57% | 2.88% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2013. |
94
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SPDR S&P International Industrial Sector ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Developed | ||||||||
SPDR S&P | Ex-U.S. BMI | |||||||
International Industrial | Industrial Sector | |||||||
Sector ETF | Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10237.00 | 10271.00 | ||||||
8/31/2008 | 9847.00 | 9763.00 | ||||||
9/30/2008 | 8051.00 | 8028.00 | ||||||
10/1/2008 | 6121.00 | 5996.00 | ||||||
11/2/2008 | 6008.00 | 5836.00 | ||||||
12/3/2008 | 6505.00 | 6396.00 | ||||||
1/9/2009 | 5857.00 | 5783.00 | ||||||
2/9/2009 | 5276.00 | 5155.00 | ||||||
3/31/2009 | 5622.00 | 5534.00 | ||||||
4/30/2009 | 6534.00 | 6469.00 | ||||||
5/31/2009 | 7261.00 | 7186.00 | ||||||
6/30/2009 | 7228.00 | 7141.00 | ||||||
7/9/2009 | 7830.00 | 7756.00 | ||||||
8/31/2009 | 8331.00 | 8215.00 | ||||||
9/30/2009 | 8723.00 | 8600.00 | ||||||
10/31/2009 | 8517.00 | 8374.00 | ||||||
11/30/2009 | 8708.00 | 8507.00 | ||||||
12/31/2009 | 8907.00 | 8739.00 | ||||||
1/31/2010 | 8746.00 | 8567.00 | ||||||
2/28/2010 | 8708.00 | 8565.00 | ||||||
3/31/2010 | 9410.00 | 9269.00 | ||||||
4/30/2010 | 9451.00 | 9351.00 | ||||||
5/31/2010 | 8458.00 | 8338.00 | ||||||
6/30/2010 | 8391.00 | 8286.00 | ||||||
7/31/2010 | 9079.00 | 8983.00 | ||||||
8/31/2010 | 8687.00 | 8614.00 | ||||||
9/30/2010 | 9764.00 | 9710.00 | ||||||
10/31/2010 | 10080.00 | 10055.00 | ||||||
11/30/2010 | 9916.00 | 9844.00 | ||||||
12/31/2010 | 10802.00 | 10802.00 | ||||||
1/31/2011 | 11027.00 | 11063.00 | ||||||
2/28/2011 | 11214.00 | 11181.00 | ||||||
3/31/2011 | 11329.00 | 11374.00 | ||||||
4/30/2011 | 11823.00 | 11942.00 | ||||||
5/31/2011 | 11425.00 | 11526.00 | ||||||
6/30/2011 | 11290.00 | 11444.00 | ||||||
7/31/2011 | 11034.00 | 11215.00 | ||||||
8/31/2011 | 9888.00 | 10063.00 | ||||||
9/30/2011 | 8727.00 | 8856.00 | ||||||
10/31/2011 | 9605.00 | 9725.00 | ||||||
11/30/2011 | 9135.00 | 9258.00 | ||||||
12/31/2011 | 9113.00 | 9202.00 | ||||||
1/31/2012 | 9804.00 | 9968.00 | ||||||
2/29/2012 | 10299.00 | 10533.00 | ||||||
3/31/2012 | 10180.00 | 10436.00 | ||||||
4/30/2012 | 10007.00 | 10221.00 | ||||||
5/31/2012 | 8933.00 | 9109.00 | ||||||
6/30/2012 | 9258.00 | 9478.00 | ||||||
7/31/2012 | 9426.00 | 9578.00 | ||||||
8/31/2012 | 9558.00 | 9740.00 | ||||||
9/30/2012 | 9820.00 | 10048.00 | ||||||
10/31/2012 | 9907.00 | 10102.00 | ||||||
11/30/2012 | 10166.00 | 10352.00 | ||||||
12/31/2012 | 10583.00 | 10807.00 | ||||||
1/31/2013 | 11033.00 | 11228.00 | ||||||
2/28/2013 | 11150.00 | 11352.00 | ||||||
3/31/2013 | 11214.00 | 11430.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022031.gif)
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.
95
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SPDR S&P International Industrial Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
SCHNEIDER | ||||||||||
ROLLS-ROYCE | CANADIAN NATIONAL | ELECTRIC | ||||||||
DESCRIPTION | SIEMENS AG | ABB, LTD. | HOLDINGS PLC | RAILWAY CO. | SA | |||||
MARKET VALUE | $463,011 | 289,853 | 239,155 | 227,425 | 206,772 | |||||
% OF NET ASSETS | 4.2 | 2.6 | 2.2 | 2.1 | 1.9 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Machinery | 22.0 | % | ||||
Industrial Conglomerates | 11.4 | |||||
Trading Companies & Distributors | 9.3 | |||||
Road & Rail | 8.9 | |||||
Electrical Equipment | 8.3 | |||||
Construction & Engineering | 6.5 | |||||
Commercial Services & Supplies | 6.0 | |||||
Aerospace & Defense | 6.0 | |||||
Professional Services | 5.4 | |||||
Building Products | 4.4 | |||||
Transportation Infrastructure | 3.1 | |||||
Air Freight & Logistics | 2.7 | |||||
Marine | 2.6 | |||||
Airlines | 1.9 | |||||
Food Products | 0.4 | |||||
Short Term Investments | 3.3 | |||||
Other Assets & Liabilities | (2.2 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
96
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SPDR S&P International Materials Sector 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 (7/16/08, 7/22/08, 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 the 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 International Materials Sector ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
NET ASSET | MARKET | EX-U.S. BMI MATERIALS | NET ASSET | MARKET | EX-U.S. BMI MATERIALS | |||||||||||||||||||
VALUE | VALUE | SECTOR INDEX | VALUE | VALUE | SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | −1.00% | −0.79% | −1.38% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −7.02% | −7.35% | −6.32% | −7.02% | −7.35% | −6.32% | ||||||||||||||||||
THREE YEARS | −6.96% | −6.77% | −2.89% | −2.38% | −2.31% | −0.97% | ||||||||||||||||||
SINCE INCEPTION (1) | −20.64% | −20.86% | −13.24% | −4.79% | −4.85% | −2.97% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2013. |
97
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SPDR S&P International Materials Sector ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Developed | ||||||||
SPDR S&P | Ex-U.S. BMI | |||||||
International Material | Materials Sector | |||||||
Sector ETF | Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 9968.00 | 9987.00 | ||||||
8/31/2008 | 9185.00 | 9147.00 | ||||||
9/30/2008 | 6856.00 | 6920.00 | ||||||
10/1/2008 | 4931.00 | 4926.00 | ||||||
11/2/2008 | 4711.00 | 4686.00 | ||||||
12/3/2008 | 5116.00 | 5124.00 | ||||||
1/9/2009 | 4662.00 | 4709.00 | ||||||
2/9/2009 | 4375.00 | 4415.00 | ||||||
3/31/2009 | 4839.00 | 4945.00 | ||||||
4/30/2009 | 5455.00 | 5618.00 | ||||||
5/31/2009 | 6478.00 | 6667.00 | ||||||
6/30/2009 | 6254.00 | 6428.00 | ||||||
7/9/2009 | 6978.00 | 7193.00 | ||||||
8/31/2009 | 7105.00 | 7355.00 | ||||||
9/30/2009 | 7465.00 | 7760.00 | ||||||
10/31/2009 | 7406.00 | 7699.00 | ||||||
11/30/2009 | 8090.00 | 8425.00 | ||||||
12/31/2009 | 8325.00 | 8686.00 | ||||||
1/31/2010 | 7639.00 | 7968.00 | ||||||
2/28/2010 | 7778.00 | 8138.00 | ||||||
3/31/2010 | 8528.00 | 8934.00 | ||||||
4/30/2010 | 8340.00 | 8839.00 | ||||||
5/31/2010 | 7399.00 | 7851.00 | ||||||
6/30/2010 | 7174.00 | 7686.00 | ||||||
7/31/2010 | 7815.00 | 8343.00 | ||||||
8/31/2010 | 7651.00 | 8232.00 | ||||||
9/30/2010 | 8624.00 | 9264.00 | ||||||
10/31/2010 | 9089.00 | 9778.00 | ||||||
11/30/2010 | 9036.00 | 9757.00 | ||||||
12/31/2010 | 10085.00 | 10883.00 | ||||||
1/31/2011 | 9796.00 | 10575.00 | ||||||
2/28/2011 | 10288.00 | 11049.00 | ||||||
3/31/2011 | 10277.00 | 11168.00 | ||||||
4/30/2011 | 10782.00 | 11768.00 | ||||||
5/31/2011 | 10287.00 | 11244.00 | ||||||
6/30/2011 | 10228.00 | 11106.00 | ||||||
7/31/2011 | 10063.00 | 11005.00 | ||||||
8/31/2011 | 9167.00 | 10067.00 | ||||||
9/30/2011 | 7578.00 | 8260.00 | ||||||
10/31/2011 | 8594.00 | 9349.00 | ||||||
11/30/2011 | 8186.00 | 8888.00 | ||||||
12/31/2011 | 7781.00 | 8445.00 | ||||||
1/31/2012 | 8625.00 | 9400.00 | ||||||
2/29/2012 | 8940.00 | 9755.00 | ||||||
3/31/2012 | 8537.00 | 9261.00 | ||||||
4/30/2012 | 8392.00 | 9079.00 | ||||||
5/31/2012 | 7158.00 | 7767.00 | ||||||
6/30/2012 | 7443.00 | 8053.00 | ||||||
7/31/2012 | 7389.00 | 8037.00 | ||||||
8/31/2012 | 7497.00 | 8198.00 | ||||||
9/30/2012 | 8016.00 | 8797.00 | ||||||
10/31/2012 | 8100.00 | 8821.00 | ||||||
11/30/2012 | 8085.00 | 8800.00 | ||||||
12/31/2012 | 8504.00 | 9213.00 | ||||||
1/31/2013 | 8627.00 | 9331.00 | ||||||
2/28/2013 | 8316.00 | 9037.00 | ||||||
3/31/2013 | 7936.00 | 8676.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022032.gif)
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.
98
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SPDR S&P International Materials Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
DESCRIPTION | BHP BILLITON LTD. | BASF SE | BHP BILLITON PLC | RIO TINTO PLC | AIR LIQUIDE SA | |||||
MARKET VALUE | $675,701 | 486,987 | 385,375 | 380,047 | 270,798 | |||||
% OF NET ASSETS | 7.3 | 5.3 | 4.2 | 4.1 | 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 MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Metals & Mining | 52.1 | % | ||||
Chemicals | 38.8 | |||||
Construction Materials | 6.1 | |||||
Paper & Forest Products | 1.8 | |||||
Containers & Packaging | 0.6 | |||||
Short Term Investments | 5.1 | |||||
Other Assets & Liabilities | (4.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs, except for China Sandi Holdings, Ltd., which was Level 2 and part of the Paper & Forest Products industry, representing 0.01% of net assets, China Mining Resources Group, Ltd., which was Level 3 and part of the Metals & Mining industry, representing 0.02% of net assets and Tessenderlo Chemie NV, which was Level 2 and part of the Chemicals industry, representing 0.00% of net assets. (Note 2) |
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SPDR S&P International Technology Sector 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 (7/16/08, 7/22/08, 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 the 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 International Technology Sector ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
EX-U.S. BMI | EX-U.S. BMI | |||||||||||||||||||||||
INFORMATION | INFORMATION | |||||||||||||||||||||||
NET ASSET | MARKET | TECHNOLOGY | NET ASSET | MARKET | TECHNOLOGY | |||||||||||||||||||
VALUE | VALUE | SECTOR INDEX | VALUE | VALUE | SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | 14.07% | 14.49% | 13.80% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 5.07% | 5.35% | 6.31% | 5.07% | 5.35% | 6.31% | ||||||||||||||||||
THREE YEARS | 7.95% | 7.88% | 10.67% | 2.58% | 2.56% | 3.44% | ||||||||||||||||||
SINCE INCEPTION (1) | 5.40% | 5.61% | 7.78% | 1.12% | 1.17% | 1.60% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2013. |
100
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SPDR S&P International Technology Sector ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Developed | ||||||||
SPDR S&P | Ex-U.S. BMI | |||||||
International Technology | Information Technology | |||||||
Sector ETF | Sector Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10238.00 | 10224.00 | ||||||
8/31/2008 | 9838.00 | 9824.00 | ||||||
9/30/2008 | 8019.00 | 8021.00 | ||||||
10/1/2008 | 6327.00 | 6322.00 | ||||||
11/2/2008 | 5895.00 | 5880.00 | ||||||
12/3/2008 | 6275.00 | 6274.00 | ||||||
1/9/2009 | 5996.00 | 5988.00 | ||||||
2/9/2009 | 5349.00 | 5310.00 | ||||||
3/31/2009 | 6000.00 | 5937.00 | ||||||
4/30/2009 | 6919.00 | 6870.00 | ||||||
5/31/2009 | 7454.00 | 7445.00 | ||||||
6/30/2009 | 7544.00 | 7508.00 | ||||||
7/9/2009 | 8281.00 | 8183.00 | ||||||
8/31/2009 | 8572.00 | 8532.00 | ||||||
9/30/2009 | 8967.00 | 8933.00 | ||||||
10/31/2009 | 8474.00 | 8482.00 | ||||||
11/30/2009 | 8434.00 | 8425.00 | ||||||
12/31/2009 | 8933.00 | 8882.00 | ||||||
1/31/2010 | 9006.00 | 8956.00 | ||||||
2/28/2010 | 8867.00 | 8866.00 | ||||||
3/31/2010 | 9763.00 | 9739.00 | ||||||
4/30/2010 | 9954.00 | 9961.00 | ||||||
5/31/2010 | 8713.00 | 8736.00 | ||||||
6/30/2010 | 8406.00 | 8470.00 | ||||||
7/31/2010 | 8951.00 | 8975.00 | ||||||
8/31/2010 | 8244.00 | 8297.00 | ||||||
9/30/2010 | 9133.00 | 9163.00 | ||||||
10/31/2010 | 9351.00 | 9393.00 | ||||||
11/30/2010 | 9310.00 | 9349.00 | ||||||
12/31/2010 | 10327.00 | 10303.00 | ||||||
1/31/2011 | 10583.00 | 10585.00 | ||||||
2/28/2011 | 10761.00 | 10729.00 | ||||||
3/31/2011 | 10382.00 | 10412.00 | ||||||
4/30/2011 | 10653.00 | 10732.00 | ||||||
5/31/2011 | 10308.00 | 10365.00 | ||||||
6/30/2011 | 9996.00 | 10025.00 | ||||||
7/31/2011 | 9715.00 | 9871.00 | ||||||
8/31/2011 | 8881.00 | 9045.00 | ||||||
9/30/2011 | 8244.00 | 8379.00 | ||||||
10/31/2011 | 9147.00 | 9289.00 | ||||||
11/30/2011 | 8874.00 | 8930.00 | ||||||
12/31/2011 | 8621.00 | 8721.00 | ||||||
1/31/2012 | 9053.00 | 9202.00 | ||||||
2/29/2012 | 9723.00 | 9865.00 | ||||||
3/31/2012 | 10029.00 | 10138.00 | ||||||
4/30/2012 | 9837.00 | 10025.00 | ||||||
5/31/2012 | 8531.00 | 8705.00 | ||||||
6/30/2012 | 8825.00 | 9012.00 | ||||||
7/31/2012 | 8903.00 | 9146.00 | ||||||
8/31/2012 | 8897.00 | 9110.00 | ||||||
9/30/2012 | 9240.00 | 9470.00 | ||||||
10/31/2012 | 9278.00 | 9455.00 | ||||||
11/30/2012 | 9756.00 | 9913.00 | ||||||
12/31/2012 | 10159.00 | 10344.00 | ||||||
1/31/2013 | 10370.00 | 10530.00 | ||||||
2/28/2013 | 10541.00 | 10726.00 | ||||||
3/31/2013 | 10540.00 | 10778.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022033.gif)
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.
101
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P International Technology Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
SAMSUNG ELECTRONICS | TELEFONAKTIEBOLAGET | |||||||||
DESCRIPTION | CO., LTD. GDR | SAP AG | CANON, INC. | LM ERICSSON (CLASS B) | HITACHI, LTD. | |||||
MARKET VALUE | $3,168,814 | 1,305,688 | 787,367 | 699,829 | 436,323 | |||||
% OF NET ASSETS | 19.2 | 7.9 | 4.8 | 4.2 | 2.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Semiconductors & Semiconductor Equipment | 31.1 | % | ||||
Electronic Equipment, Instruments & Components | 20.7 | |||||
Software | 14.9 | |||||
IT Services | 7.7 | |||||
Communications Equipment | 7.5 | |||||
Office Electronics | 6.6 | |||||
Computers & Peripherals | 5.9 | |||||
Internet Software & Services | 4.5 | |||||
Short Term Investments | 3.2 | |||||
Other Assets & Liabilities | (2.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
102
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P International Telecommunications Sector 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 (7/16/08, 7/22/08, 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 the 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 International Telecommunications Sector ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
EX-U.S. BMI | EX-U.S. BMI | |||||||||||||||||||||||
NET ASSET | MARKET | TELECOMMUNICATION | NET ASSET | MARKET | TELECOMMUNICATION | |||||||||||||||||||
VALUE | VALUE | SERVICES SECTOR INDEX | VALUE | VALUE | SERVICES SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | 2.04% | 2.51% | 3.14% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 6.95% | 7.02% | 9.07% | 6.95% | 7.02% | 9.07% | ||||||||||||||||||
THREE YEARS | 17.78% | 18.40% | 21.96% | 5.61% | 5.79% | 6.84% | ||||||||||||||||||
SINCE INCEPTION (1) | 6.87% | 7.48% | 11.99% | 1.42% | 1.54% | 2.44% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2013. |
103
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P International Telecommunications Sector ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Developed | ||||||||
SPDR S&P | Ex-U.S. BMI | |||||||
International Telecommunications | Telecommunication Services | |||||||
Sector ETF | Sector Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 9771.00 | 9788.00 | ||||||
8/31/2008 | 9437.00 | 9466.00 | ||||||
9/30/2008 | 8455.00 | 8456.00 | ||||||
10/1/2008 | 7129.00 | 7133.00 | ||||||
11/2/2008 | 7423.00 | 7451.00 | ||||||
12/3/2008 | 8061.00 | 8094.00 | ||||||
1/9/2009 | 7185.00 | 7195.00 | ||||||
2/9/2009 | 6770.00 | 6795.00 | ||||||
3/31/2009 | 6831.00 | 6871.00 | ||||||
4/30/2009 | 6951.00 | 7014.00 | ||||||
5/31/2009 | 7642.00 | 7711.00 | ||||||
6/30/2009 | 7796.00 | 7882.00 | ||||||
7/9/2009 | 8460.00 | 8553.00 | ||||||
8/31/2009 | 8779.00 | 8884.00 | ||||||
9/30/2009 | 9189.00 | 9302.00 | ||||||
10/31/2009 | 9111.00 | 9230.00 | ||||||
11/30/2009 | 9454.00 | 9572.00 | ||||||
12/31/2009 | 9349.00 | 9484.00 | ||||||
1/31/2010 | 8873.00 | 8978.00 | ||||||
2/28/2010 | 8783.00 | 8887.00 | ||||||
3/31/2010 | 9074.00 | 9181.00 | ||||||
4/30/2010 | 8842.00 | 8943.00 | ||||||
5/31/2010 | 8109.00 | 8189.00 | ||||||
6/30/2010 | 8303.00 | 8415.00 | ||||||
7/31/2010 | 9263.00 | 9400.00 | ||||||
8/31/2010 | 9328.00 | 9464.00 | ||||||
9/30/2010 | 9932.00 | 10096.00 | ||||||
10/31/2010 | 10525.00 | 10702.00 | ||||||
11/30/2010 | 9724.00 | 9900.00 | ||||||
12/31/2010 | 10115.00 | 10313.00 | ||||||
1/31/2011 | 10537.00 | 10762.00 | ||||||
2/28/2011 | 10851.00 | 11067.00 | ||||||
3/31/2011 | 10921.00 | 11156.00 | ||||||
4/30/2011 | 11409.00 | 11667.00 | ||||||
5/31/2011 | 11099.00 | 11395.00 | ||||||
6/30/2011 | 11016.00 | 11309.00 | ||||||
7/31/2011 | 11046.00 | 11356.00 | ||||||
8/31/2011 | 10356.00 | 10637.00 | ||||||
9/30/2011 | 9767.00 | 10003.00 | ||||||
10/31/2011 | 10518.00 | 10788.00 | ||||||
11/30/2011 | 10177.00 | 10441.00 | ||||||
12/31/2011 | 9990.00 | 10250.00 | ||||||
1/31/2012 | 9814.00 | 10070.00 | ||||||
2/29/2012 | 10038.00 | 10314.00 | ||||||
3/31/2012 | 9992.00 | 10268.00 | ||||||
4/30/2012 | 9756.00 | 10015.00 | ||||||
5/31/2012 | 9035.00 | 9292.00 | ||||||
6/30/2012 | 9909.00 | 10229.00 | ||||||
7/31/2012 | 9972.00 | 10298.00 | ||||||
8/31/2012 | 10319.00 | 10670.00 | ||||||
9/30/2012 | 10473.00 | 10859.00 | ||||||
10/31/2012 | 10046.00 | 10433.00 | ||||||
11/30/2012 | 10102.00 | 10523.00 | ||||||
12/31/2012 | 10102.00 | 10540.00 | ||||||
1/31/2013 | 10629.00 | 11109.00 | ||||||
2/28/2013 | 10157.00 | 10629.00 | ||||||
3/31/2013 | 10687.00 | 11199.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022034.gif)
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.
104
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P International Telecommunications Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
DESCRIPTION | VODAFONE GROUP PLC | TELEFONICA SA | SOFTBANK CORP. | BT GROUP PLC | DEUTSCHE TELEKOM AG | |||||
MARKET VALUE | $6,610,549 | 2,708,925 | 1,965,740 | 1,586,780 | 1,506,643 | |||||
% OF NET ASSETS | 21.2 | 8.7 | 6.3 | 5.1 | 4.8 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Diversified Telecommunication Services | 56.9 | % | ||||
Wireless Telecommunication Services | 42.1 | |||||
Media | 0.5 | |||||
Short Term Investments | 2.8 | |||||
Other Assets & Liabilities | (2.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
105
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P International Utilities Sector 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 (7/16/08, 7/22/08, 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 the 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 International Utilities Sector ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2013 is 0.50%.
PERFORMANCE AS OF MARCH 31, 2013
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
NET ASSET | MARKET | EX-U.S. BMI UTILITLES | NET ASSET | MARKET | EX-U.S. BMI UTILITLES | |||||||||||||||||||
VALUE | VALUE | SECTOR INDEX | VALUE | VALUE | SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | 0.29% | 0.46% | 0.68% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −1.65% | −1.66% | −0.17% | −1.65% | −1.66% | −0.17% | ||||||||||||||||||
THREE YEARS | −14.74% | −14.47% | −12.59% | −5.18% | −5.08% | −4.39% | ||||||||||||||||||
SINCE INCEPTION (1) | −33.05% | −32.73% | −30.71% | −8.17% | −8.07% | −7.50% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2013. |
106
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P International Utilities Sector ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
S&P Developed | ||||||||
SPDR S&P | Ex-U.S. BMI | |||||||
International Utililies | Utilities Sector | |||||||
Sector ETF | Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10214.00 | 10188.00 | ||||||
8/31/2008 | 9762.00 | 9715.00 | ||||||
9/30/2008 | 8613.00 | 8555.00 | ||||||
10/1/2008 | 7312.00 | 7257.00 | ||||||
11/2/2008 | 7146.00 | 7086.00 | ||||||
12/3/2008 | 7771.00 | 7738.00 | ||||||
1/9/2009 | 7027.00 | 7001.00 | ||||||
2/9/2009 | 6253.00 | 6216.00 | ||||||
3/31/2009 | 6173.00 | 6149.00 | ||||||
4/30/2009 | 6630.00 | 6572.00 | ||||||
5/31/2009 | 7249.00 | 7231.00 | ||||||
6/30/2009 | 7148.00 | 7128.00 | ||||||
7/9/2009 | 7405.00 | 7403.00 | ||||||
8/31/2009 | 7891.00 | 7890.00 | ||||||
9/30/2009 | 8186.00 | 8201.00 | ||||||
10/31/2009 | 7747.00 | 7781.00 | ||||||
11/30/2009 | 8060.00 | 8091.00 | ||||||
12/31/2009 | 8190.00 | 8217.00 | ||||||
1/31/2010 | 7739.00 | 7803.00 | ||||||
2/28/2010 | 7635.00 | 7701.00 | ||||||
3/31/2010 | 7851.00 | 7929.00 | ||||||
4/30/2010 | 7569.00 | 7652.00 | ||||||
5/31/2010 | 6868.00 | 6927.00 | ||||||
6/30/2010 | 6832.00 | 6895.00 | ||||||
7/31/2010 | 7416.00 | 7487.00 | ||||||
8/31/2010 | 7339.00 | 7409.00 | ||||||
9/30/2010 | 7637.00 | 7720.00 | ||||||
10/31/2010 | 8049.00 | 8138.00 | ||||||
11/30/2010 | 7384.00 | 7479.00 | ||||||
12/31/2010 | 7834.00 | 7944.00 | ||||||
1/31/2011 | 8142.00 | 8241.00 | ||||||
2/28/2011 | 8344.00 | 8433.00 | ||||||
3/31/2011 | 7896.00 | 7990.00 | ||||||
4/30/2011 | 8303.00 | 8398.00 | ||||||
5/31/2011 | 7813.00 | 7936.00 | ||||||
6/30/2011 | 7873.00 | 7991.00 | ||||||
7/31/2011 | 7569.00 | 7691.00 | ||||||
8/31/2011 | 7076.00 | 7186.00 | ||||||
9/30/2011 | 6762.00 | 6850.00 | ||||||
10/31/2011 | 6933.00 | 7038.00 | ||||||
11/30/2011 | 6750.00 | 6857.00 | ||||||
12/31/2011 | 6507.00 | 6630.00 | ||||||
1/31/2012 | 6582.00 | 6698.00 | ||||||
2/29/2012 | 6826.00 | 6949.00 | ||||||
3/31/2012 | 6808.00 | 6943.00 | ||||||
4/30/2012 | 6590.00 | 6730.00 | ||||||
5/31/2012 | 5987.00 | 6115.00 | ||||||
6/30/2012 | 6496.00 | 6649.00 | ||||||
7/31/2012 | 6140.00 | 6314.00 | ||||||
8/31/2012 | 6423.00 | 6613.00 | ||||||
9/30/2012 | 6676.00 | 6882.00 | ||||||
10/31/2012 | 6672.00 | 6881.00 | ||||||
11/30/2012 | 6582.00 | 6790.00 | ||||||
12/31/2012 | 6766.00 | 6993.00 | ||||||
1/31/2013 | 6795.00 | 7023.00 | ||||||
2/28/2013 | 6585.00 | 6807.00 | ||||||
3/31/2013 | 6695.00 | 6929.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220b3022035.gif)
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.
107
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-13-003876/b30220spdrrgsr.gif)
SPDR S&P International Utilities Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2013
SCOTTISH & SOUTHERN | ||||||||||
DESCRIPTION | NATIONAL GRID PLC | E.ON AG | GDF SUEZ | CENTRICA PLC | ENERGY PLC | |||||
MARKET VALUE | $2,234,412 | 1,874,290 | 1,596,457 | 1,591,515 | 1,164,164 | |||||
% OF NET ASSETS | 8.3 | 7.0 | 5.9 | 5.9 | 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.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2013*
PERCENT OF | ||||||
INDUSTRY** | NET ASSETS | |||||
Electric Utilities | 38.6 | % | ||||
Multi-Utilities | 37.8 | |||||
Gas Utilities | 14.9 | |||||
Independent Power Producers & Energy Traders | 4.7 | |||||
Water Utilities | 3.6 | |||||
Short Term Investments | 1.4 | |||||
Other Assets & Liabilities | (1.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Each security is valued based on Level 1 inputs. (Note 2) |
108
SPDR STOXX Europe 50 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.3% | ||||||||
BELGIUM — 2.0% | ||||||||
Ageas VVPR Strip (a)(b) | 1,664 | $ | 0 | |||||
Anheuser-Busch InBev NV | 11,106 | 1,101,678 | ||||||
1,101,678 | ||||||||
FRANCE — 10.9% | ||||||||
Air Liquide SA | 4,658 | 566,911 | ||||||
BNP Paribas | 15,802 | 812,465 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 3,982 | 684,669 | ||||||
Sanofi | 17,990 | 1,831,212 | ||||||
Schneider Electric SA | 8,177 | 598,505 | ||||||
Total SA | 33,151 | 1,590,171 | ||||||
6,083,933 | ||||||||
GERMANY — 14.7% | ||||||||
Allianz SE | 6,755 | 919,020 | ||||||
BASF SE | 13,723 | 1,203,914 | ||||||
Bayer AG | 12,347 | 1,275,834 | ||||||
Daimler AG | 14,678 | 800,004 | ||||||
Deutsche Bank AG | 13,876 | 541,939 | ||||||
Deutsche Telekom AG | 44,390 | 470,032 | ||||||
E.ON AG | 29,815 | 521,447 | ||||||
SAP AG | 13,802 | 1,107,696 | ||||||
Siemens AG | 12,419 | 1,340,046 | ||||||
8,179,932 | ||||||||
ITALY — 1.6% | ||||||||
ENI SpA | 39,958 | 899,465 | ||||||
NETHERLANDS — 2.5% | ||||||||
ING Groep NV (a) | 57,541 | 409,120 | ||||||
Unilever NV | 23,490 | 963,874 | ||||||
1,372,994 | ||||||||
SPAIN — 4.6% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 81,188 | 705,066 | ||||||
Banco Santander SA | 154,112 | 1,037,366 | ||||||
Telefonica SA | 59,433 | 800,575 | ||||||
2,543,007 | ||||||||
SWEDEN — 1.9% | ||||||||
Hennes & Mauritz AB (Class B) | 14,053 | 503,591 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 45,345 | 566,289 | ||||||
1,069,880 | ||||||||
SWITZERLAND — 21.0% | ||||||||
ABB, Ltd. (a) | 34,690 | 784,321 | ||||||
Compagnie Financiere Richemont SA | 7,778 | 611,923 | ||||||
Nestle SA | 48,134 | 3,489,518 | ||||||
Novartis AG | 40,395 | 2,877,283 | ||||||
Roche Holding AG | 10,487 | 2,447,465 | ||||||
UBS AG (a) | 53,519 | 822,326 | ||||||
Zurich Insurance Group AG (a) | 2,189 | 610,733 | ||||||
11,643,569 | ||||||||
UNITED KINGDOM — 40.1% | ||||||||
Anglo American PLC | 20,941 | 538,020 | ||||||
AstraZeneca PLC | 18,658 | 934,790 | ||||||
Barclays PLC | 169,381 | 748,828 | ||||||
BG Group PLC | 50,571 | 866,954 | ||||||
BHP Billiton PLC | 31,899 | 927,570 | ||||||
BP PLC | 283,144 | 1,977,295 | ||||||
British American Tobacco PLC | 30,224 | 1,618,669 | ||||||
Diageo PLC | 37,347 | 1,176,724 | ||||||
GlaxoSmithKline PLC | 72,940 | 1,703,978 | ||||||
HSBC Holdings PLC | 274,716 | 2,930,428 | ||||||
Imperial Tobacco Group PLC | 14,719 | 513,828 | ||||||
National Grid PLC | 56,144 | 652,177 | ||||||
Reckitt Benckiser Group PLC | 9,774 | 700,214 | ||||||
Rio Tinto PLC | 18,733 | 877,532 | ||||||
Royal Dutch Shell PLC (Class A) | 55,805 | 1,805,094 | ||||||
Standard Chartered PLC | 29,339 | 758,906 | ||||||
Tesco PLC | 113,502 | 657,591 | ||||||
Unilever PLC | 19,560 | 826,873 | ||||||
Vodafone Group PLC | 738,593 | 2,092,751 | ||||||
22,308,222 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $60,617,183) | 55,202,680 | |||||||
SHORT TERM INVESTMENT — 0.0% (c) | ||||||||
UNITED STATES — 0.0% (c) | ||||||||
MONEY MARKET FUND — 0.0% (c) | ||||||||
State Street Institutional Liquid Reserves Fund 0.13% (d)(e) (Cost $3,986) | 3,986 | 3,986 | ||||||
TOTAL INVESTMENTS — 99.3% | ||||||||
(Cost $60,621,169) | 55,206,666 | |||||||
OTHER ASSETS & LIABILITIES — 0.7% | 381,590 | |||||||
NET ASSETS — 100.0% | $ | 55,588,256 | ||||||
(a) | Non-income producing 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) | 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. |
PLC = Public Limited Company
See accompanying notes to financial statements.
109
SPDR EURO STOXX 50 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
BELGIUM — 3.6% | ||||||||
Ageas VVPR Strip (a)(b) | 6,468 | $ | 0 | |||||
Anheuser-Busch InBev NV | 667,075 | 66,171,617 | ||||||
66,171,617 | ||||||||
FRANCE — 35.6% | ||||||||
Air Liquide SA | 280,402 | 34,126,866 | ||||||
AXA SA | 1,830,778 | 31,525,578 | ||||||
BNP Paribas | 949,020 | 48,794,180 | ||||||
Carrefour SA | 533,339 | 14,625,190 | ||||||
Compagnie de Saint-Gobain | 398,665 | 14,804,883 | ||||||
Danone | 532,124 | 37,089,526 | ||||||
Essilor International SA | 191,025 | 21,279,347 | ||||||
France Telecom SA | 1,735,515 | 17,583,445 | ||||||
GDF Suez | 1,276,259 | 24,615,425 | ||||||
L’Oreal SA | 213,799 | 33,960,491 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 239,661 | 41,207,526 | ||||||
Sanofi | 1,080,824 | 110,017,667 | ||||||
Schneider Electric SA | 492,187 | 36,024,967 | ||||||
Societe Generale (a) | 696,042 | 22,907,761 | ||||||
Total SA | 1,991,586 | 95,531,457 | ||||||
Unibail-Rodamco SE | 85,103 | 19,856,303 | ||||||
Vinci SA | 454,110 | 20,493,834 | ||||||
Vivendi SA | 1,127,683 | 23,335,437 | ||||||
647,779,883 | ||||||||
GERMANY — 32.2% | ||||||||
Allianz SE | 405,701 | 55,195,749 | ||||||
BASF SE | 824,331 | 72,318,279 | ||||||
Bayer AG | 741,663 | 76,637,126 | ||||||
Bayerische Motoren Werke AG | 288,305 | 24,918,986 | ||||||
Daimler AG | 881,511 | 48,045,517 | ||||||
Deutsche Bank AG | 835,248 | 32,621,345 | ||||||
Deutsche Telekom AG | 2,671,974 | 28,292,684 | ||||||
E.ON AG | 1,794,648 | 31,387,374 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 144,380 | 27,049,605 | ||||||
RWE AG | 438,921 | 16,387,197 | ||||||
SAP AG | 829,013 | 66,533,436 | ||||||
Siemens AG | 746,051 | 80,501,037 | ||||||
Volkswagen AG Preference Shares | 129,018 | 25,679,147 | ||||||
585,567,482 | ||||||||
IRELAND — 0.8% | ||||||||
CRH PLC | 650,645 | 14,387,185 | ||||||
ITALY — 7.2% | ||||||||
Assicurazioni Generali SpA | 1,198,284 | 18,680,007 | ||||||
Enel SpA | 5,715,658 | 18,686,296 | ||||||
ENI SpA | 2,399,889 | 54,022,125 | ||||||
Intesa Sanpaolo SpA | 12,529,065 | 18,373,139 | ||||||
UniCredit SpA (a) | 4,847,123 | 20,726,543 | ||||||
130,488,110 | ||||||||
LUXEMBOURG — 0.6% | ||||||||
APERAM | 1 | 12 | ||||||
ArcelorMittal | 905,895 | 11,690,754 | ||||||
11,690,766 | ||||||||
NETHERLANDS — 8.2% | ||||||||
ASML Holding NV | 320,069 | 21,565,189 | ||||||
European Aeronautic Defence and Space Co. NV | 426,306 | 21,732,543 | ||||||
ING Groep NV (a) | 3,463,573 | 24,626,203 | ||||||
Koninklijke Philips Electronics NV | 815,502 | 24,174,278 | ||||||
Unilever NV | 1,410,864 | 57,892,535 | ||||||
149,990,748 | ||||||||
SPAIN — 11.7% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 4,886,920 | 42,439,788 | ||||||
Banco Santander SA | 9,256,753 | 62,309,503 | ||||||
Iberdrola SA | 4,516,314 | 21,069,204 | ||||||
Industria de Diseno Textil SA | 190,124 | 25,243,878 | ||||||
Repsol YPF SA | 713,467 | 14,521,175 | ||||||
Telefonica SA | 3,569,365 | 48,080,065 | ||||||
213,663,613 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,784,413,834) | 1,819,739,404 | |||||||
SHORT TERM INVESTMENT — 0.0% (c) | ||||||||
UNITED STATES — 0.0% (c) | ||||||||
MONEY MARKET FUND — 0.0% (c) | ||||||||
State Street Institutional Liquid Reserve Fund 0.13% (d)(e) (Cost $35,531) | 35,531 | 35,531 | ||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $1,784,449,365) | 1,819,774,935 | |||||||
OTHER ASSETS & LIABILITIES — 0.1% | 1,166,900 | |||||||
NET ASSETS — 100.0% | $ | 1,820,941,835 | ||||||
(a) | Non-income producing 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) | 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. |
PLC = Public Limited Company
See accompanying notes to financial statements.
110
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
CHINA — 27.2% | ||||||||
Agricultural Bank of China, Ltd. (a) | 4,288,000 | $ | 2,054,886 | |||||
Air China, Ltd. | 1,597,414 | 1,419,896 | ||||||
Aluminum Corp. of China, Ltd. (a)(b) | 1,606,304 | 618,713 | ||||||
Angang Steel Co., Ltd. (a)(b) | 631,244 | 345,602 | ||||||
Anhui Conch Cement Co., Ltd. (a) | 1,092,250 | 3,623,175 | ||||||
Baidu, Inc. ADR (a)(b) | 70,932 | 6,220,736 | ||||||
Bank of China, Ltd. | 15,618,466 | 7,243,207 | ||||||
Bank of Communications Co., Ltd. (a) | 2,723,630 | 2,038,516 | ||||||
Brilliance China Automotive Holdings, Ltd. (b) | 380,000 | 446,445 | ||||||
BYD Co., Ltd. (a)(b) | 139,800 | 445,730 | ||||||
China Citic Bank Corp., Ltd. (a) | 2,597,341 | 1,559,211 | ||||||
China Coal Energy Co., Ltd (a) | 1,015,000 | 904,820 | ||||||
China Communications Construction Co., Ltd. (Class H) (a) | 1,080,000 | 1,004,502 | ||||||
China Construction Bank Corp. | 17,939,148 | 14,651,465 | ||||||
China COSCO Holdings Co., Ltd. (a)(b) | 1,493,230 | 704,041 | ||||||
China Fangda Group Co., Ltd. (b) | 126,000 | 44,474 | ||||||
China Life Insurance Co., Ltd. | 2,162,708 | 5,599,947 | ||||||
China Longyuan Power Group Corp. | 738,000 | 669,297 | ||||||
China Merchants Bank Co., Ltd. | 1,383,380 | 2,929,768 | ||||||
China Merchants Property Development Co., Ltd. | 506,184 | 1,563,679 | ||||||
China Minsheng Banking Corp., Ltd. (Class H) (a) | 1,133,000 | 1,443,498 | ||||||
China National Building Material Co., Ltd. (a) | 648,000 | 815,567 | ||||||
China Oilfield Services, Ltd. | 424,557 | 889,296 | ||||||
China Pacific Insurance Group Co., Ltd. | 249,800 | 822,192 | ||||||
China Petroleum & Chemical Corp. | 5,905,174 | 6,952,946 | ||||||
China Railway Construction Corp. (Class H) | 370,000 | 350,808 | ||||||
China Railway Group, Ltd. | 1,067,000 | 542,940 | ||||||
China Shenhua Energy Co., Ltd. | 1,217,040 | 4,421,239 | ||||||
China Shipping Container Lines Co., Ltd. (a)(b) | 5,747,339 | 1,554,806 | ||||||
China Shipping Development Co., Ltd. (a) | 949,215 | 460,995 | ||||||
China Telecom Corp., Ltd. | 5,773,320 | 2,907,986 | ||||||
Ctrip.com International, Ltd. ADR (a)(b) | 78,694 | 1,682,478 | ||||||
Dongfeng Motor Group Co., Ltd. | 700,468 | 983,569 | ||||||
Focus Media Holding, Ltd. ADR (a) | 39,245 | 1,052,158 | ||||||
Great Wall Motor Co., Ltd. (Class H) (a) | 108,000 | 365,906 | ||||||
Guangzhou Automobile Group Co., Ltd. (a) | 1,320,032 | 1,117,223 | ||||||
Guangzhou R&F Properties Co., Ltd. (Class H) (a) | 906,176 | 1,519,895 | ||||||
Hengan International Group Co., Ltd. | 77,500 | 758,262 | ||||||
Huaneng Power International, Inc. | 1,978,472 | 2,110,329 | ||||||
Huangshan Tourism Development Co., Ltd. | 33,300 | 49,018 | ||||||
Industrial & Commercial Bank of China | 13,905,138 | 9,744,604 | ||||||
Inner Mongolia Yitai Coal Co., Ltd. (Class B) | 318,005 | 1,825,667 | ||||||
Jiangsu Expressway Co., Ltd. (a) | 1,888,299 | 1,890,087 | ||||||
Jiangsu Future Land Co., Ltd. | 204,403 | 161,274 | ||||||
Jiangxi Copper Co., Ltd. (Class H) | 859,578 | 1,897,956 | ||||||
Konka Group Co., Ltd. | 293,800 | 97,269 | ||||||
Lao Feng Xiang Co., Ltd. | 87,800 | 209,930 | ||||||
Livzon Pharmaceutical, Inc. Class B | 14,700 | 72,907 | ||||||
Luthai Textile Co., Ltd. | 82,900 | 81,697 | ||||||
Maanshan Iron & Steel (a)(b) | 1,616,971 | 420,769 | ||||||
Mindray Medical International, Ltd. ADR | 18,148 | 724,831 | ||||||
NetEase, Inc. ADR | 54,594 | 2,990,113 | ||||||
New Oriental Education & Technology Group, Inc. ADR | 22,036 | 396,648 | ||||||
PetroChina Co., Ltd. | 6,277,208 | 8,231,980 | ||||||
PICC Property & Casualty Co., Ltd. | 705,416 | 906,005 | ||||||
Ping An Insurance Group Co. of China, Ltd. | 500,364 | 3,880,365 | ||||||
Semiconductor Manufacturing International Corp. (b) | 12,178,837 | 721,695 | ||||||
SGSB Group Co., Ltd. (b) | 125,600 | 58,906 | ||||||
Shandong Luoxin Pharmacy Stock Co., Ltd. | 40,000 | 52,972 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. (a) | 104,000 | 94,184 | ||||||
Shanghai Electric Group Co., Ltd. (a) | 2,672,418 | 1,039,684 | ||||||
Shanghai Highly Group Co., Ltd. | 177,400 | 103,424 | ||||||
Shenzhou International Group Holdings, Ltd. | 26,000 | 73,184 | ||||||
Sina Corp. (b) | 22,237 | 1,080,496 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. | 1,973,252 | 866,816 | ||||||
Sinopharm Group Co. | 76,800 | 247,833 | ||||||
Sohu.com, Inc. (a)(b) | 6,269 | 311,005 | ||||||
Suntech Power Holdings Co., Ltd. ADR (a)(b) | 46,271 | 18,046 | ||||||
Tencent Holdings, Ltd. | 199,194 | 6,333,028 | ||||||
Tingyi Cayman Islands Holding Corp. (a) | 952,383 | 2,484,429 | ||||||
Tong Ren Tang Technologies Co., Ltd. | 18,000 | 61,332 | ||||||
Want Want China Holdings, Ltd. | 1,683,000 | 2,580,008 | ||||||
Yanzhou Coal Mining Co., Ltd. (a) | 1,086,882 | 1,464,550 | ||||||
Youku Tudou, Inc. ADR (a)(b) | 2,116 | 35,485 | ||||||
Zhaojin Mining Industry Co., Ltd. | 75,500 | 101,346 | ||||||
Zijin Mining Group Co., Ltd. (a) | 2,412,685 | 795,666 | ||||||
136,945,412 | ||||||||
HONG KONG — 9.5% | ||||||||
Agile Property Holdings, Ltd. (a) | 1,852,088 | 2,206,954 | ||||||
Beijing Enterprises Holdings, Ltd. | 122,000 | 939,834 | ||||||
Belle International Holdings, Ltd. | 654,000 | 1,086,820 | ||||||
C.banner International Holdings, Ltd. | 276,000 | 119,109 | ||||||
Cecep Costin New Materials Group, Ltd. | 223,000 | 93,076 | ||||||
Changshouhua Food Co., Ltd. | 123,000 | 70,035 | ||||||
China Everbright International, Ltd. | 178,000 | 127,722 | ||||||
China Haidian Holdings, Ltd. | 690,000 | 71,999 | ||||||
China Leason CBM & Shale Gas Group Co., Ltd. (b) | 1,440,000 | 60,289 |
See accompanying notes to financial statements.
111
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
China Mengniu Dairy Co., Ltd. | 474,390 | $ | 1,362,794 | |||||
China Merchants Holdings International Co., Ltd. | 566,087 | 1,855,927 | ||||||
China Mobile, Ltd. | 1,263,136 | 13,375,558 | ||||||
China Overseas Land & Investment, Ltd. (a) | 1,469,084 | 4,049,957 | ||||||
China Resources Enterprise, Ltd. | 578,746 | 1,714,770 | ||||||
China Resources Land, Ltd. (a) | 501,355 | 1,401,506 | ||||||
China Resources Power Holdings Co., Ltd. | 494,000 | 1,479,585 | ||||||
China Unicom (Hong Kong), Ltd. (a) | 1,348,172 | 1,806,212 | ||||||
China Yurun Food Group, Ltd. (a)(b) | 286,659 | 196,457 | ||||||
Citic Pacific, Ltd. (a) | 321,000 | 416,827 | ||||||
CNOOC, Ltd. | 3,887,249 | 7,471,386 | ||||||
COSCO Pacific, Ltd. | 757,527 | 1,092,965 | ||||||
Evergrande Real Estate Group, Ltd. (a) | 252,000 | 101,610 | ||||||
Geely Automobile Holdings, Ltd. (a) | 100,000 | 48,566 | ||||||
GOME Electrical Appliances Holding, Ltd. (a)(b) | 1,062,000 | 116,288 | ||||||
Huabao International Holdings, Ltd. (a) | 203,000 | 88,128 | ||||||
Kingboard Chemical Holdings, Ltd. | 158,500 | 451,244 | ||||||
Kunlun Energy Co., Ltd. | 636,000 | 1,351,858 | ||||||
Lenovo Group, Ltd. | 3,019,703 | 2,999,222 | ||||||
Lijun International Pharmaceutical Holding, Ltd. | 256,000 | 78,159 | ||||||
Magic Holdings International, Ltd. | 336,000 | 137,644 | ||||||
NVC Lighting Holdings, Ltd. | 178,000 | 41,045 | ||||||
Prince Frog International Holdings, Ltd. (a) | 133,000 | 68,533 | ||||||
Sino Biopharmaceutical | 272,000 | 189,914 | ||||||
Sino-Ocean Land Holdings, Ltd. | 1,234,866 | 744,485 | ||||||
Skyworth Digital Holdings, Ltd. | 180,664 | 121,255 | ||||||
Sunac China Holdings, Ltd. | 182,000 | 128,247 | ||||||
Sunny Optical Technology Group Co., Ltd. | 58,000 | 66,946 | ||||||
TCL Multimedia Technology Holdings, Ltd. | 82,000 | 63,592 | ||||||
Yingde Gases | 77,000 | 85,802 | ||||||
47,882,320 | ||||||||
INDIA — 15.5% | ||||||||
Anant Raj, Ltd. | 103,240 | 119,291 | ||||||
Apollo Hospitals Enterprise, Ltd. | 170,240 | 2,627,679 | ||||||
Axis Bank, Ltd. | 38,412 | 919,273 | ||||||
Bharat Heavy Electricals, Ltd. | 344,214 | 1,120,991 | ||||||
Bharti Airtel, Ltd. | 571,164 | 3,066,000 | ||||||
Cipla, Ltd. | 279,583 | 1,953,480 | ||||||
DLF, Ltd. | 112,519 | 485,892 | ||||||
Dr Reddy’s Laboratories, Ltd. | 12,802 | 416,094 | ||||||
GAIL India, Ltd. | 84,165 | 492,834 | ||||||
Godrej Industries, Ltd. | 32,902 | 178,040 | ||||||
Gujarat Mineral Development Corp., Ltd. | 77,528 | 238,219 | ||||||
HDFC Bank, Ltd. | 464,373 | 5,343,066 | ||||||
Hero Motocorp, Ltd. | 22,090 | 626,730 | ||||||
Hindalco Industries, Ltd. | 193,486 | 326,096 | ||||||
Hindustan Unilever, Ltd. | 502,611 | 4,318,201 | ||||||
Hindustan Zinc, Ltd. | 592,703 | 1,322,813 | ||||||
Housing Development & Infrastructure, Ltd. (b) | 18,691 | 15,888 | ||||||
Housing Development Finance Corp., Ltd. | 263,663 | 4,008,308 | ||||||
ICICI Bank, Ltd. | 199 | 3,827 | ||||||
ICICI Bank, Ltd. ADR | 85,310 | 3,659,799 | ||||||
Idea Cellular, Ltd. (b) | 778,255 | 1,630,970 | ||||||
IDFC, Ltd. | 271,017 | 716,063 | ||||||
India Infoline, Ltd. | 193,795 | 216,259 | ||||||
Indiabulls Financial Services, Ltd. (c) | 155,648 | 778,383 | ||||||
Indiabulls Real Estate, Ltd. (b) | 30,836 | 30,950 | ||||||
Indian Hotels Co., Ltd. | 913,485 | 900,039 | ||||||
Indian Oil Corp., Ltd. | 128,555 | 666,073 | ||||||
Infosys Technologies, Ltd. ADR (a) | 136,279 | 7,346,801 | ||||||
ITC, Ltd. GDR (a) | 419,652 | 2,389,499 | ||||||
IVRCL Infrastructures & Projects, Ltd. (b) | 73,339 | 25,976 | ||||||
Jaiprakash Associates, Ltd. | 36,926 | 44,467 | ||||||
Jindal Steel & Power, Ltd. | 93,143 | 595,961 | ||||||
JSW Steel, Ltd. | 25,509 | 315,565 | ||||||
Lanco Infratech, Ltd. (b) | 344,116 | 65,214 | ||||||
Larsen & Toubro, Ltd. GDR (a) | 36,196 | 908,520 | ||||||
Mahindra & Mahindra, Ltd. | 169,415 | 2,684,768 | ||||||
NTPC, Ltd. | 248,185 | 648,204 | ||||||
Oil & Natural Gas Corp., Ltd. | 516,278 | 2,958,031 | ||||||
Reliance Capital, Ltd. | 58,502 | 336,588 | ||||||
Reliance Communications, Ltd. | 345,576 | 351,616 | ||||||
Reliance Industries, Ltd. GDR (d) | 235,718 | 6,713,249 | ||||||
Reliance Infrastructure, Ltd. | 114,187 | 681,655 | ||||||
Sesa Goa, Ltd. | 107,260 | 306,880 | ||||||
Siemens India, Ltd. | 117,796 | 1,189,122 | ||||||
State Bank of India | 31,557 | 1,203,492 | ||||||
Steel Authority of India, Ltd. | 359,837 | 414,127 | ||||||
Sterlite Industries India, Ltd. | 277,430 | 478,292 | ||||||
Sun Pharmaceutical Industries, Ltd. | 94,696 | 1,426,887 | ||||||
Suzlon Energy, Ltd. (b) | 234,042 | 58,564 | ||||||
Tata Consultancy Services, Ltd. | 141,305 | 4,096,805 | ||||||
Tata Motors, Ltd. | 503,768 | 2,494,741 | ||||||
Tata Steel, Ltd. | 60,031 | 345,551 | ||||||
Unitech, Ltd. (b) | 229,426 | 99,411 | ||||||
United Spirits, Ltd. | 18,879 | 659,688 | ||||||
Wipro, Ltd. ADR (a) | 179,987 | 1,817,869 | ||||||
Zee Entertainment Enterprises, Ltd. | 392,641 | 1,520,355 | ||||||
78,359,156 | ||||||||
INDONESIA — 6.7% | ||||||||
Ace Hardware Indonesia Tbk PT | 3,433,000 | 293,223 | ||||||
Adaro Energy Tbk PT | 4,524,500 | 609,940 | ||||||
Agis Tbk PT (b) | 1,820,000 | 85,217 | ||||||
Agung Podomoro Land Tbk PT (b) | 1,046,500 | 54,923 | ||||||
AKR Corporindo Tbk PT | 192,500 | 99,048 | ||||||
Alam Sutera Realty Tbk PT | 916,000 | 100,861 | ||||||
Astra International Tbk PT | 4,943,700 | 4,019,062 | ||||||
Bank Central Asia Tbk PT | 3,200,296 | 3,754,399 | ||||||
Bank Mandiri Tbk PT | 2,089,905 | 2,150,661 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 5,841,296 | 5,259,721 | ||||||
Bekasi Fajar Industrial Estate Tbk PT (b) | 1,648,500 | 164,553 | ||||||
Bhakti Investama Tbk PT | 4,009,500 | 206,303 | ||||||
Bumi Resources Tbk PT | 5,664,964 | 402,246 |
See accompanying notes to financial statements.
112
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
BW Plantation Tbk PT | 551,000 | $ | 75,413 | |||||
Charoen Pokphand Indonesia Tbk PT | 537,000 | 279,069 | ||||||
Ciputra Property Tbk PT | 643,000 | 63,523 | ||||||
Ciputra Surya Tbk PT | 653,000 | 188,155 | ||||||
Citra Marga Nusaphala Persada Tbk PT | 439,500 | 82,767 | ||||||
Garda Tujuh Buana Tbk PT (b) | 143,500 | 86,388 | ||||||
Garuda Indonesia Tbk PT (b) | 5,038,000 | 336,990 | ||||||
Global Mediacom Tbk PT | 514,000 | 122,979 | ||||||
Gudang Garam Tbk PT | 143,000 | 720,334 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 497,425 | 1,192,694 | ||||||
Indomobil Sukses Internasional Tbk PT | 108,000 | 61,127 | ||||||
Indosat Tbk PT | 1,106,248 | 739,965 | ||||||
Indosiar Karya Media Tbk PT (b) | 360,500 | 48,227 | ||||||
Intiland Development Tbk PT | 1,817,000 | 108,450 | ||||||
Kalbe Farma Tbk PT | 1,457,500 | 185,984 | ||||||
Kawasan Industri Jababeka Tbk PT (b) | 9,095,500 | 280,798 | ||||||
Lippo Cikarang Tbk PT (b) | 474,500 | 327,157 | ||||||
Lippo Karawaci Tbk PT | 2,387,500 | 336,596 | ||||||
Matahari Putra Prima Tbk PT | 657,000 | 123,050 | ||||||
Mayora Indah Tbk PT | 91,500 | 255,174 | ||||||
Media Nusantara Citra Tbk PT | 664,000 | 193,033 | ||||||
Metropolitan Land Tbk PT | 3,006,500 | 185,634 | ||||||
Mitra Adiperkasa Tbk PT | 120,000 | 112,375 | ||||||
MNC Sky Vision Tbk PT (b) | 351,000 | 79,465 | ||||||
Modernland Realty Tbk PT (b) | 4,115,000 | 427,697 | ||||||
Multistrada Arah Sarana Tbk PT | 1,316,000 | 51,462 | ||||||
Pakuwon Jati Tbk PT | 3,286,500 | 130,209 | ||||||
Pembangunan Perumahan Persero PT Tbk | 863,500 | 106,632 | ||||||
Perusahaan Gas Negara Persero Tbk PT | 4,833,640 | 2,959,625 | ||||||
Ramayana Lestari Sentosa Tbk PT | 933,000 | 133,457 | ||||||
Selamat Sempurna Tbk PT | 857,500 | 225,019 | ||||||
Semen Gresik Persero Tbk PT | 802,500 | 1,461,719 | ||||||
Summarecon Agung Tbk PT | 622,000 | 158,420 | ||||||
Surya Semesta Internusa Tbk PT | 1,982,500 | 330,502 | ||||||
Telekomunikasi Indonesia Tbk PT | 2,493,594 | 2,822,695 | ||||||
Tiga Pilar Sejahtera Food Tbk | 1,313,500 | 173,016 | ||||||
Tower Bersama Infrastructure Tbk PT (b) | 473,000 | 294,484 | ||||||
United Tractors Tbk PT | 407,045 | 762,359 | ||||||
Wijaya Karya Persero Tbk PT | 715,500 | 149,101 | ||||||
XL Axiata Tbk PT | 156,500 | 84,551 | ||||||
33,656,452 | ||||||||
MALAYSIA — 6.3% | ||||||||
Aeon Credit Service M Bhd | 64,400 | 270,786 | ||||||
AirAsia Bhd | 96,300 | 88,012 | ||||||
Alliance Financial Group Bhd | 1,722,110 | 2,447,048 | ||||||
Axiata Group Bhd | 692,900 | 1,476,874 | ||||||
Bursa Malaysia Bhd | 598,334 | 1,342,942 | ||||||
Carlsberg Brewery Malay Bhd | 697,703 | 3,109,414 | ||||||
CB Industrial Product Holding Bhd | 44,000 | 36,661 | ||||||
CIMB Group Holdings Bhd | 551,000 | 1,357,704 | ||||||
ECM Libra Financial Group Bhd | 1,566,131 | 359,100 | ||||||
Genting Bhd | 944,400 | 3,055,995 | ||||||
Genting Malaysia Bhd | 838,500 | 980,258 | ||||||
IJM Corp. Bhd | 1,331,540 | 2,343,579 | ||||||
IOI Corp. Bhd | 1,643,596 | 2,484,104 | ||||||
K&N Kenanga Holdings Bhd | 700,673 | 122,191 | ||||||
Landmarks Bhd (b) | 1,674,600 | 529,988 | ||||||
Lingkaran Trans Kota Holdings Bhd | 98,600 | 138,514 | ||||||
Malayan Banking Bhd | 644,637 | 1,946,506 | ||||||
Malaysian Airline System Bhd (b) | 2,399,566 | 592,820 | ||||||
Maxis Bhd | 567,200 | 1,196,130 | ||||||
OSK Holdings Bhd | 2,223,525 | 1,055,573 | ||||||
Padini Holdings Bhd | 105,900 | 65,664 | ||||||
PPB Group Bhd | 160,600 | 655,574 | ||||||
Public Bank Bhd | 266,000 | 1,396,790 | ||||||
Sime Darby Bhd | 514,000 | 1,538,763 | ||||||
TAN Chong Motor Holdings Bhd | 662,100 | 1,094,769 | ||||||
Tenaga Nasional Bhd | 508,350 | 1,185,302 | ||||||
Wah Seong Corp. Bhd | 1,642,074 | 874,995 | ||||||
31,746,056 | ||||||||
PHILIPPINES — 3.1% | ||||||||
Ayala Land, Inc. | 6,073,375 | 4,866,439 | ||||||
Cebu Air, Inc. | 90,770 | 151,246 | ||||||
Cebu Holdings, Inc. | 1,364,600 | 154,483 | ||||||
First Gen Corp. (b) | 6,415,470 | 3,890,784 | ||||||
First Philippine Holdings Corp. | 1,260,494 | 3,243,123 | ||||||
GMA Holdings, Inc. | 255,100 | 62,134 | ||||||
Megawide Construction Corp. | 1,049,500 | 465,473 | ||||||
Philippine Long Distance Telephone Co. | 35,344 | 2,587,794 | ||||||
Philweb Corp. | 131,100 | 47,159 | ||||||
Puregold Price Club, Inc. | 97,100 | 95,292 | ||||||
15,563,927 | ||||||||
TAIWAN — 25.2% | ||||||||
Acer, Inc. (b) | 1,058,456 | 922,089 | ||||||
Advanced Semiconductor Engineering, Inc. | 3,086,636 | 2,528,972 | ||||||
Asia Cement Corp. | 1,579,372 | 1,925,194 | ||||||
Asustek Computer, Inc. | 241,138 | 2,882,931 | ||||||
AU Optronics Corp. ADR (a)(b) | 273,324 | 1,193,374 | ||||||
Catcher Technology Co., Ltd. | 305,539 | 1,389,626 | ||||||
Cathay Financial Holding Co., Ltd. | 1,931,650 | 2,645,299 | ||||||
Chang Hwa Commercial Bank | 3,944,695 | 2,341,555 | ||||||
China Development Financial Holding Corp. (b) | 5,148,272 | 1,472,042 | ||||||
China Steel Chemical Corp. | 46,877 | 230,446 | ||||||
China Steel Corp. | 3,272,254 | 2,850,672 | ||||||
Chinatrust Financial Holding Co., Ltd. | 4,459,832 | 2,647,338 | ||||||
Chunghwa Picture Tubes, Ltd. (b) | 2,226,368 | 84,878 | ||||||
Chunghwa Telecom Co., Ltd. | 870,268 | 2,700,807 | ||||||
Coland Holdings, Ltd. | 53,000 | 132,046 | ||||||
Compal Electronics, Inc. | 2,227,431 | 1,579,184 | ||||||
Delta Electronics, Inc. | 677,893 | 2,890,439 | ||||||
Epistar Corp. | 309,170 | 557,287 | ||||||
Everlight Electronics Co., Ltd. | 269,996 | 434,757 | ||||||
Far Eastern New Century Corp. | 2,237,461 | 2,300,875 | ||||||
First Financial Holding Co., Ltd | 3,270,526 | 2,050,744 | ||||||
Formosa Chemicals & Fibre Corp. | 1,143,390 | 2,630,724 | ||||||
Formosa Petrochemical Corp. | 418,000 | 1,084,752 | ||||||
Formosa Plastics Corp. | 1,696,940 | 4,080,260 | ||||||
Foxconn Technology Co., Ltd. | 520,483 | 1,448,179 | ||||||
Fubon Financial Holding Co., Ltd. | 2,577,998 | 3,689,936 | ||||||
Hon Hai Precision Industry Co., Ltd. | 2,673,735 | 7,448,278 |
See accompanying notes to financial statements.
113
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
HTC Corp. | 195,710 | $ | 1,600,237 | |||||
Hua Nan Financial Holdings Co., Ltd. | 3,069,347 | 1,775,761 | ||||||
Innolux Corp. (b) | 275,928 | 169,788 | ||||||
King Yuan Electronics Co., Ltd. | 3,120,898 | 2,139,567 | ||||||
Largan Precision Co., Ltd. | 56,710 | 1,484,957 | ||||||
Lite-On Technology Corp. | 961,165 | 1,549,307 | ||||||
Macronix International Co., Ltd. | 2,296,374 | 661,208 | ||||||
MediaTek, Inc. | 339,219 | 3,879,706 | ||||||
Mega Financial Holding Co., Ltd. | 2,909,306 | 2,349,628 | ||||||
Motech Industries, Inc. (b) | 180,507 | 189,848 | ||||||
Nan Ya Plastics Corp. | 1,721,960 | 3,086,600 | ||||||
Novatek Microelectronics Corp. | 261,062 | 1,130,592 | ||||||
Pegatron Corp. (b) | 540,630 | 835,285 | ||||||
Powertech Technology, Inc. | 596,518 | 987,464 | ||||||
ProMOS Technologies, Inc. (b)(e) | 1,135,850 | 0 | ||||||
Quanta Computer, Inc. | 1,346,194 | 2,993,793 | ||||||
Realtek Semiconductor Corp. | 485,516 | 1,128,446 | ||||||
Shin Kong Financial Holding Co., Ltd. (b) | 3,543,642 | 1,113,961 | ||||||
Siliconware Precision Industries Co. | 1,178,745 | 1,340,267 | ||||||
SinoPac Financial Holdings Co., Ltd. | 3,933,609 | 1,887,711 | ||||||
Synnex Technology International Corp. | 345,000 | 632,255 | ||||||
Tainan Enterprises Co., Ltd. | 1,160,567 | 1,241,975 | ||||||
Taishin Financial Holdings Co., Ltd. | 4,067,096 | 1,700,149 | ||||||
Taiwan Cement Corp. | 1,990,216 | 2,495,882 | ||||||
Taiwan FU Hsing Industrial Co., Ltd. | 2,350,000 | 2,267,285 | ||||||
Taiwan Mobile Co., Ltd. | 446,200 | 1,514,566 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 989,598 | 17,096,246 | ||||||
Tatung Co., Ltd. (b) | 1,209,107 | 304,475 | ||||||
Tripod Technology Corp. | 612,361 | 1,347,491 | ||||||
Uni-President Enterprises Corp. | 2,260,041 | 4,277,847 | ||||||
United Integrated Services Co., Ltd. | 1,735,000 | 1,642,020 | ||||||
United Microelectronics Corp. ADR | 917,421 | 1,666,235 | ||||||
Via Technologies, Inc. (b) | 271,490 | 184,307 | ||||||
Walsin Lihwa Corp. (b) | 795,000 | 229,441 | ||||||
Wistron Corp. | 1,097,096 | 1,219,913 | ||||||
Yageo Corp. (b) | 5,081,000 | 1,638,018 | ||||||
Yuanta Financial Holding Co., Ltd. | 2,677,823 | 1,361,187 | ||||||
127,266,102 | ||||||||
THAILAND — 6.3% | ||||||||
Advanced Info Service PCL | 693,823 | 5,686,103 | ||||||
Bangkok Expressway PCL (a) | 2,665,242 | 3,617,667 | ||||||
BEC World PCL | 51,200 | 112,330 | ||||||
Big C Supercenter PCL | 8,000 | 58,733 | ||||||
Central Plaza Hotel PCL | 79,100 | 104,665 | ||||||
CP ALL PCL | 1,222,600 | 1,930,860 | ||||||
Electricity Generating PCL | 667,146 | 3,553,859 | ||||||
IRPC PCL (a) | 4,937,939 | 664,350 | ||||||
Jasmine International PCL | 535,800 | 124,413 | ||||||
Kasikornbank PCL | 295,754 | 2,141,023 | ||||||
PTT Exploration & Production PCL (a) | 686,953 | 3,471,711 | ||||||
PTT PCL | 373,326 | 4,155,857 | ||||||
Siam Cement PCL NVDR | 81,600 | 1,382,059 | ||||||
Siam Commercial Bank PCL | 391,397 | 2,405,718 | ||||||
Siam Global House PCL | 179,333 | 127,986 | ||||||
Thai Beverage PCL | 1,043,000 | 512,841 | ||||||
Thai Oil PCL | 707,305 | 1,581,987 | ||||||
Toyo-Thai Corp. PCL | 52,400 | 83,203 | ||||||
31,715,365 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $476,017,433) | 503,134,790 | |||||||
SHORT TERM INVESTMENTS — 4.8% | ||||||||
UNITED STATES — 4.8% | ||||||||
MONEY MARKET FUNDS — 4.8% | ||||||||
State Street Navigtor Securities Lending Prime Portfolio (f)(g) | 23,787,347 | 23,787,347 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (g)(h) | 514,316 | 514,316 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $24,301,663) | 24,301,663 | |||||||
TOTAL INVESTMENTS — 104.6% | ||||||||
(Cost $500,319,096) | 527,436,453 | |||||||
OTHER ASSETS & LIABILITIES — (4.6)% | (23,403,888 | ) | ||||||
NET ASSETS — 100.0% | $ | 504,032,565 | ||||||
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(b) | Non-income producing security. | |||||
(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. Securities’ values are determined based on Level 2 inputs. (Note 2) | |||||
(d) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 1.3% of net assets as of March 31, 2013, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(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 3 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. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
NVDR = Non Voting Depositary Receipt
See accompanying notes to financial statements.
114
SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
CHINA — 11.0% | ||||||||
51job, Inc. ADR (a) | 100 | $ | 5,941 | |||||
Anhui Expressway Co., Ltd. | 8,000 | 4,091 | ||||||
Anta Sports Products, Ltd. (b) | 5,000 | 4,277 | ||||||
AsiaInfo-Linkage, Inc. (a) | 295 | 3,502 | ||||||
BYD Co., Ltd. (a)(b) | 2,500 | 7,971 | ||||||
BYD Electronic International Co., Ltd. | 6,500 | 1,993 | ||||||
China Agri-Industries Holdings, Ltd. (b) | 7,800 | 4,029 | ||||||
China Huiyuan Juice Group, Ltd. (a) | 5,500 | 2,756 | ||||||
China Liansu Group Holdings | 9,000 | 5,101 | ||||||
China Minzhong Food Corp., Ltd. (a)(b) | 3,000 | 2,902 | ||||||
China Molybdenum Co., Ltd. (b) | 9,000 | 3,942 | ||||||
China National Accord Medicines Corp., Ltd. | 800 | 3,552 | ||||||
China SCE Property Holdings, Ltd. | 10,000 | 2,422 | ||||||
China Shanshui Cement Group, Ltd. | 11,000 | 6,320 | ||||||
China Suntien Green Energy Corp., Ltd. | 14,000 | 3,823 | ||||||
China Vanadium Titano — Magnetite Mining Co., Ltd. | 12,000 | 2,767 | ||||||
China Wireless Technologies, Ltd. | 8,000 | 2,628 | ||||||
Chongqing Machinery & Electric Co., Ltd. | 16,000 | 2,267 | ||||||
Dongyue Group (b) | 6,000 | 3,478 | ||||||
E-Commerce China Dangdang, Inc. ADR (a) | 400 | 1,660 | ||||||
E-House China Holdings, Ltd. | 488 | 2,269 | ||||||
First Tractor Co., Ltd. (a) | 2,000 | 1,780 | ||||||
Giant Interactive Group, Inc. ADR | 800 | 5,200 | ||||||
Great Wall Technology Co., Ltd. | 6,000 | 1,113 | ||||||
Guangzhou Automobile Group Co., Ltd. | 8,000 | 6,771 | ||||||
Haitian International Holdings, Ltd. | 4,000 | 6,225 | ||||||
Hangzhou Steam Turbine Co. | 3,100 | 5,120 | ||||||
Harbin Electric Co., Ltd. | 4,000 | 3,252 | ||||||
Home Inns & Hotels Management, Inc. ADR (a) | 97 | 2,890 | ||||||
Huangshan Tourism Development Co., Ltd. | 2,800 | 4,122 | ||||||
Hunan Non-Ferrous Metal Corp., Ltd. (a)(b) | 10,000 | 3,014 | ||||||
Jiangsu Future Land Co., Ltd. | 8,400 | 6,628 | ||||||
Kingsoft Corp., Ltd. | 7,000 | 6,439 | ||||||
Lonking Holdings, Ltd. (b) | 14,000 | 3,192 | ||||||
MIE Holdings Corp. | 10,000 | 2,473 | ||||||
Peak Sport Products Co., Ltd. (b) | 7,000 | 1,127 | ||||||
People’s Food Holdings, Ltd. | 5,000 | 5,078 | ||||||
Ports Design, Ltd. (b) | 2,000 | 1,672 | ||||||
Renhe Commercial Holdings Co., Ltd. (a)(b) | 58,000 | 3,474 | ||||||
Renren, Inc. ADR (a) | 540 | 1,561 | ||||||
REXLot Holdings, Ltd. (b) | 50,000 | 4,380 | ||||||
Semiconductor Manufacturing International Corp. (a) | 127,000 | 7,526 | ||||||
Shanghai Chlor-Alkali Chemical Co., Ltd. (a) | 6,800 | 3,536 | ||||||
Shanghai Dajiang Group, Class B (a) | 9,600 | 2,746 | ||||||
Shanghai Diesel Engine Co., Ltd. Class B | 3,520 | 2,710 | ||||||
Shanghai Haixin Group Co. (a) | 5,800 | 2,685 | ||||||
Shenguan Holdings Group, Ltd. | 8,000 | 4,153 | ||||||
Sohu.com, Inc. (a) | 200 | 9,922 | ||||||
Sound Global, Ltd. (b) | 8,000 | 3,547 | ||||||
TCL Communication Technology Holdings, Ltd. | 4,000 | 1,180 | ||||||
Tong Ren Tang Technologies Co., Ltd. | 2,000 | 6,815 | ||||||
Travelsky Technology, Ltd. | 7,000 | 4,608 | ||||||
WuXi PharmaTech Cayman, Inc. ADR (a) | 344 | 5,910 | ||||||
Xinjiang Xinxin Mining Industry Co., Ltd. | 11,000 | 2,281 | ||||||
Xinyi Glass Holdings Co., Ltd. | 14,000 | 9,883 | ||||||
Youku Tudou, Inc. ADR (a) | 400 | 6,708 | ||||||
Zhejiang Southeast Electric Power Co. | 15,300 | 11,353 | ||||||
238,765 | ||||||||
HONG KONG — 17.0% | ||||||||
361 Degrees International, Ltd. (b) | 5,000 | 1,449 | ||||||
Ajisen China Holdings, Ltd. | 4,000 | 3,169 | ||||||
Anxin-China Holdings, Ltd. | 16,000 | 3,483 | ||||||
Asian Citrus Holdings, Ltd. | 4,171 | 2,155 | ||||||
AviChina Industry & Technology Co. | 12,000 | 5,890 | ||||||
Beijing Capital Land, Ltd. | 12,000 | 4,421 | ||||||
Beijing Enterprises Water Group, Ltd. | 18,000 | 5,356 | ||||||
Biostime International Holdings, Ltd. | 1,000 | 5,211 | ||||||
Boshiwa International Holding, Ltd. (a)(c) | 32,000 | 0 | ||||||
Cecep Costin New Materials Group, Ltd. | 11,000 | 4,591 | ||||||
CGN Mining Co., Ltd. (a) | 15,000 | 1,430 | ||||||
Chailease Holding Co., Ltd. | 4,000 | 11,089 | ||||||
China Dongxiang Group Co. (b) | 20,000 | 3,092 | ||||||
China Everbright International, Ltd. | 12,000 | 8,610 | ||||||
China High Speed Transmission Equipment Group Co., Ltd. (a)(b) | 8,000 | 3,762 | ||||||
China Lilang, Ltd. | 4,000 | 2,484 | ||||||
China Lumena New Materials Corp. (b) | 26,000 | 5,593 | ||||||
China Medical System Holdings, Ltd. | 8,500 | 8,629 | ||||||
China Metal Recycling Holdings, Ltd. (b)(d) | 3,988 | 4,120 | ||||||
China Modern Dairy Holdings, Ltd. (a)(b) | 19,000 | 6,339 | ||||||
China National Materials Co., Ltd. | 8,000 | 2,133 | ||||||
China Oil and Gas Group, Ltd. (a)(b) | 20,000 | 3,942 | ||||||
China Power International Development, Ltd. (b) | 16,000 | 5,153 | ||||||
China Precious Metal Resources Holdings Co., Ltd. (a)(d) | 20,000 | 3,633 | ||||||
China Rongsheng Heavy Industries Group Holdings, Ltd. (b) | 20,500 | 3,327 | ||||||
China Shineway Pharmaceutical Group, Ltd. | 3,000 | 5,387 | ||||||
China Travel International Investment Hong Kong, Ltd. | 24,000 | 4,669 | ||||||
China Yurun Food Group, Ltd. (a)(b) | 7,000 | 4,797 | ||||||
China ZhengTong Auto Services Holdings, Ltd. (a)(b) | 5,000 | 3,266 | ||||||
Citic Resources Holdings, Ltd. (a) | 22,000 | 2,947 | ||||||
Comba Telecom Systems Holdings, Ltd. (b) | 6,000 | 2,033 | ||||||
Cosco International Holdings, Ltd. | 8,000 | 3,411 | ||||||
Dah Chong Hong Holdings, Ltd. (b) | 5,000 | 4,734 | ||||||
Digital China Holdings, Ltd. | 4,000 | 5,411 | ||||||
Fufeng Group, Ltd. | 6,000 | 2,141 | ||||||
Global Bio-Chem Technology Group Co., Ltd. | 14,000 | 1,208 | ||||||
Glorious Property Holdings, Ltd. (a) | 18,000 | 2,852 | ||||||
GOME Electrical Appliances Holding, Ltd. (a)(b) | 56,000 | 6,132 | ||||||
Greatview Aseptic Packaging Co., Ltd. | 7,000 | 4,689 |
See accompanying notes to financial statements.
115
SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Hengdeli Holdings, Ltd. (b) | 12,000 | $ | 3,355 | |||||
Hidili Industry International Development, Ltd. | 9,000 | 1,994 | ||||||
Hopson Development Holdings, Ltd. (a) | 4,000 | 5,792 | ||||||
Hua Han Bio-Pharmaceutical Holdings, Ltd. | 14,400 | 4,155 | ||||||
Ju Teng International Holdings, Ltd. (b) | 6,000 | 3,772 | ||||||
Kaisa Group Holdings, Ltd. (a)(b) | 14,000 | 3,950 | ||||||
Kingboard Chemical Holdings, Ltd. | 3,000 | 8,541 | ||||||
Kingboard Laminates Holdings, Ltd. | 6,500 | 2,864 | ||||||
Kingdee International Software Group Co., Ltd. (a) | 10,000 | 1,649 | ||||||
Kingway Brewery Holdings, Ltd. | 8,000 | 3,154 | ||||||
KWG Property Holding, Ltd. | 9,000 | 5,635 | ||||||
Lee & Man Paper Manufacturing, Ltd. | 9,000 | 7,049 | ||||||
Li Ning Co., Ltd. (a)(b) | 5,000 | 2,944 | ||||||
Lianhua Supermarket Holdings Co., Ltd. (b) | 3,000 | 2,392 | ||||||
Minth Group, Ltd. | 4,000 | 5,895 | ||||||
North Mining Shares Co., Ltd. (a) | 60,000 | 3,169 | ||||||
NVC Lighting Holdings, Ltd. | 11,000 | 2,537 | ||||||
Pacific Online, Ltd. | 5,000 | 1,881 | ||||||
PCD Stores, Ltd. (b) | 22,000 | 3,316 | ||||||
Poly Hong Kong Investments, Ltd. (a) | 12,000 | 7,590 | ||||||
Real Nutriceutical Group, Ltd. | 5,000 | 1,230 | ||||||
Sany Heavy Equipment International Holdings Co., Ltd. (b) | 6,000 | 2,775 | ||||||
Shenzhen International Holdings, Ltd. | 60,000 | 7,188 | ||||||
Shenzhen Investment, Ltd. | 14,790 | 5,925 | ||||||
Shougang Concord International Enterprises Co., Ltd. (a) | 56,000 | 3,102 | ||||||
Shougang Fushan Resources Group, Ltd. (b) | 24,000 | 10,697 | ||||||
Sino Biopharmaceutical | 16,000 | 11,171 | ||||||
Sinopec Kantons Holdings, Ltd. | 4,000 | 3,509 | ||||||
Sinotrans Shipping, Ltd. | 12,500 | 3,333 | ||||||
Sinotrans, Ltd. | 16,000 | 3,339 | ||||||
Sinotruk Hong Kong, Ltd. | 5,500 | 2,969 | ||||||
Skyworth Digital Holdings, Ltd. | 10,176 | 6,830 | ||||||
Springland International Holdings, Ltd. | 8,000 | 4,040 | ||||||
Sunac China Holdings, Ltd. | 12,000 | 8,456 | ||||||
The United Laboratories International Holdings, Ltd. (a)(b) | 6,500 | 2,889 | ||||||
Tianjin Port Development Holdings, Ltd. | 24,000 | 3,555 | ||||||
Tianneng Power International, Ltd. | 6,000 | 4,012 | ||||||
United Energy Group, Ltd. (a) | 24,000 | 3,988 | ||||||
Vinda International Holdings, Ltd. (b) | 3,000 | 4,282 | ||||||
VODone, Ltd. | 19,200 | 1,410 | ||||||
Wasion Group Holdings, Ltd. | 6,000 | 3,440 | ||||||
West China Cement, Ltd. | 22,000 | 3,628 | ||||||
Winsway Coking Coal Holding, Ltd. (b) | 14,000 | 1,623 | ||||||
Yashili International Holdings, Ltd. | 14,000 | 4,743 | ||||||
Yingde Gases (b) | 8,000 | 8,914 | ||||||
Yip’s Chemical Holdings, Ltd. | 4,160 | 4,459 | ||||||
Yuexiu Transport Infrastructure, Ltd. | 6,000 | 3,138 | ||||||
369,017 | ||||||||
INDIA — 9.1% | ||||||||
Amtek Auto, Ltd. | 1,276 | 1,506 | ||||||
Apollo Hospitals Enterprise, Ltd. | 361 | 5,572 | ||||||
Arvind, Ltd. | 1,703 | 2,424 | ||||||
Aurobindo Pharma, Ltd. | 1,347 | 3,617 | ||||||
Bajaj Holdings and Investment, Ltd. | 314 | 5,270 | ||||||
Bharat Forge, Ltd. | 961 | 3,662 | ||||||
Bhushan Steel, Ltd. | 656 | 5,531 | ||||||
Biocon, Ltd. | 578 | 2,910 | ||||||
Core Education & Technologies, Ltd. | 801 | 757 | ||||||
Coromandel International, Ltd. | 788 | 2,682 | ||||||
Crompton Greaves, Ltd. | 1,197 | 2,066 | ||||||
Dewan Housing Finance Corp., Ltd. | 701 | 2,091 | ||||||
Dish TV India, Ltd. (a) | 2,996 | 3,699 | ||||||
Era Infra Engineering, Ltd. | 1,036 | 2,561 | ||||||
Federal Bank, Ltd. | 908 | 8,030 | ||||||
Financial Technologies India, Ltd. | 240 | 3,147 | ||||||
Fortis Healthcare, Ltd. (a) | 1,548 | 2,855 | ||||||
Gateway Distriparks, Ltd. | 517 | 1,178 | ||||||
Glenmark Pharmaceuticals, Ltd. | 746 | 6,354 | ||||||
GMR Infrastructure, Ltd. (a) | 8,571 | 3,406 | ||||||
Godrej Industries, Ltd. | 563 | 3,047 | ||||||
GVK Power & Infrastructure, Ltd. (a) | 4,438 | 747 | ||||||
Hexaware Technologies, Ltd. | 1,194 | 1,857 | ||||||
Hindustan Construction Co. (a) | 8,607 | 2,162 | ||||||
Housing Development & Infrastructure, Ltd. (a) | 2,154 | 1,831 | ||||||
IFCI, Ltd. | 6,473 | 3,108 | ||||||
India Cements, Ltd. | 1,920 | 2,955 | ||||||
India Infoline, Ltd. | 1,856 | 2,071 | ||||||
Indiabulls Financial Services, Ltd. (d) | 1,305 | 6,526 | ||||||
Indiabulls Real Estate, Ltd. (a) | 2,623 | 2,633 | ||||||
Indian Hotels Co., Ltd. | 4,568 | 4,501 | ||||||
Jain Irrigation Systems, Ltd. | 1,618 | 1,826 | ||||||
JSW Energy, Ltd. | 3,677 | 3,701 | ||||||
Jubilant Foodworks, Ltd. (a) | 202 | 4,635 | ||||||
Mahindra & Mahindra Financial Services, Ltd. | 1,845 | 6,620 | ||||||
Manappuram Finance, Ltd. | 3,108 | 1,235 | ||||||
MAX India, Ltd. | 786 | 3,240 | ||||||
McLeod Russel India, Ltd. | 664 | 4,277 | ||||||
Motherson Sumi Systems, Ltd. | 1,236 | 4,415 | ||||||
Mphasis, Ltd. | 550 | 3,963 | ||||||
Opto Circuits India, Ltd. | 1,081 | 1,192 | ||||||
Pipavav Defence & Offshore Engineering Co., Ltd. (a) | 1,446 | 1,954 | ||||||
Piramal Healthcare, Ltd. | 495 | 5,568 | ||||||
PTC India, Ltd. | 3,347 | 3,692 | ||||||
Punj Lloyd, Ltd. | 3,619 | 3,712 | ||||||
Rajesh Exports, Ltd. | 1,459 | 3,282 | ||||||
REI Agro, Ltd. | 5,759 | 1,070 | ||||||
Reliance Communications, Ltd. | 4,547 | 4,626 | ||||||
Rolta India, Ltd. | 2,124 | 2,575 | ||||||
Sintex Industries, Ltd. | 2,626 | 2,225 | ||||||
Strides Arcolab,��Ltd. | 143 | 2,294 | ||||||
Suzlon Energy, Ltd. (a) | 7,233 | 1,810 | ||||||
Tata Chemicals, Ltd. | 890 | 5,266 | ||||||
Tata Global Beverages, Ltd. | 1,907 | 4,486 | ||||||
Thermax, Ltd. | 421 | 4,366 | ||||||
Unitech, Ltd. (a) | 8,920 | 3,865 | ||||||
United Phosphorus, Ltd. | 1,963 | 4,240 | ||||||
Videocon Industries, Ltd. | 659 | 2,467 | ||||||
Voltas, Ltd. | 1,775 | 2,461 | ||||||
Welspun Corp., Ltd. | 1,967 | 1,822 | ||||||
197,641 | ||||||||
See accompanying notes to financial statements.
116
SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
INDONESIA — 7.5% | ||||||||
Ace Hardware Indonesia Tbk PT | 45,000 | $ | 3,843 | |||||
AKR Corporindo Tbk PT | 7,000 | 3,602 | ||||||
Alam Sutera Realty Tbk PT | 75,000 | 8,258 | ||||||
Aneka Tambang Persero Tbk PT | 20,500 | 2,890 | ||||||
Bakrieland Development Tbk PT (a) | 274,500 | 1,582 | ||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 57,000 | 7,567 | ||||||
Bank Tabungan Negara Tbk PT | 15,424 | 2,698 | ||||||
Barito Pacific Tbk PT (a) | 36,000 | 1,611 | ||||||
Bhakti Investama Tbk PT | 112,000 | 5,763 | ||||||
Bisi International PT | 13,500 | 1,195 | ||||||
Borneo Lumbung Energi & Metal Tbk PT (a) | 73,000 | 3,531 | ||||||
Bumi Resources Minerals Tbk PT (a) | 31,500 | 1,070 | ||||||
Bumi Resources Tbk PT | 91,000 | 6,461 | ||||||
Bumi Serpong Damai PT | 43,000 | 7,744 | ||||||
Ciputra Development Tbk PT | 65,500 | 7,280 | ||||||
Darma Henwa PT Tbk (a)(d) | 202,000 | 520 | ||||||
Delta Dunia Makmur Tbk PT (a) | 52,000 | 1,124 | ||||||
Energi Mega Persada Tbk PT (a) | 222,000 | 2,284 | ||||||
Gajah Tunggal Tbk PT | 13,500 | 3,473 | ||||||
Garda Tujuh Buana Tbk PT (a) | 5,500 | 3,311 | ||||||
Garuda Indonesia Tbk PT (a) | 56,000 | 3,746 | ||||||
Harum Energy Tbk PT | 4,500 | 2,223 | ||||||
Indah Kiat Pulp & Paper Corp. Tbk PT (a) | 20,000 | 1,811 | ||||||
Indika Energy Tbk PT | 15,500 | 1,946 | ||||||
Indomobil Sukses Internasional Tbk PT | 5,000 | 2,830 | ||||||
Indosiar Karya Media Tbk PT (a) | 23,500 | 3,144 | ||||||
Japfa Comfeed Indonesia Tbk PT | 8,000 | 7,780 | ||||||
Kawasan Industri Jababeka Tbk PT (a) | 131,000 | 4,044 | ||||||
Matahari Putra Prima Tbk PT | 19,500 | 3,652 | ||||||
Mayora Indah Tbk PT | 2,500 | 6,972 | ||||||
Medco Energi Internasional Tbk PT | 12,500 | 2,084 | ||||||
Mitra Adiperkasa Tbk PT | 6,000 | 5,619 | ||||||
Pakuwon Jati Tbk PT | 154,500 | 6,121 | ||||||
Pembangunan Perumahan Persero PT Tbk | 36,000 | 4,446 | ||||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 22,500 | 4,469 | ||||||
Ramayana Lestari Sentosa Tbk PT | 25,500 | 3,647 | ||||||
Sentul City Tbk PT (a) | 109,500 | 3,493 | ||||||
Summarecon Agung Tbk PT | 37,500 | 9,551 | ||||||
Surya Semesta Internusa Tbk PT | 22,500 | 3,751 | ||||||
Timah Tbk PT | 20,000 | 2,943 | ||||||
Trada Maritime Tbk PT (a) | 27,000 | 3,862 | ||||||
163,941 | ||||||||
MALAYSIA — 6.3% | ||||||||
Aeon Co. M Bhd | 900 | 3,668 | ||||||
Berjaya Corp. Bhd | 17,000 | 2,882 | ||||||
Berjaya Sports Toto Bhd | 8,280 | 11,017 | ||||||
Boustead Holdings Bhd | 2,300 | 3,810 | ||||||
Bursa Malaysia Bhd | 4,000 | 8,978 | ||||||
CapitaMalls Malaysia Trust | 6,100 | 3,723 | ||||||
Carlsberg Brewery Malay Bhd | 800 | 3,565 | ||||||
Dialog Group Bhd | 10,900 | 8,307 | ||||||
DRB-Hicom Bhd | 1,600 | 1,307 | ||||||
Eastern & Oriental Bhd | 6,300 | 3,215 | ||||||
IGB Corp. Bhd | 8,600 | 6,249 | ||||||
KLCC Property Holdings Bhd | 2,100 | 4,463 | ||||||
KNM Group Bhd (a) | 1,885 | 289 | ||||||
Kossan Rubber Industries | 3,000 | 3,439 | ||||||
Malaysian Bulk Carriers Bhd | 7,900 | 4,159 | ||||||
Malaysian Resources Corp. Bhd | 8,600 | 3,972 | ||||||
Media Prima Bhd | 6,900 | 5,348 | ||||||
Multi-Purpose Holdings Bhd | 8,500 | 9,937 | ||||||
Oriental Holdings Bhd | 2,500 | 7,856 | ||||||
Parkson Holdings Bhd | 3,600 | 5,464 | ||||||
Sunway Bhd (a) | 4,100 | 3,933 | ||||||
Sunway Real Estate Investment Trust | 14,000 | 6,872 | ||||||
TAN Chong Motor Holdings Bhd | 3,000 | 4,960 | ||||||
Top Glove Corp. Bhd | 3,300 | 5,755 | ||||||
TSH Resources Bhd | 4,000 | 2,829 | ||||||
United Plantations Bhd | 400 | 3,514 | ||||||
UOA Development Bhd | 4,900 | 3,244 | ||||||
Wah Seong Corp. Bhd | 7,971 | 4,247 | ||||||
137,002 | ||||||||
PHILIPPINES — 3.6% | ||||||||
Belle Corp. (a) | 30,000 | 4,190 | ||||||
Cebu Air, Inc. | 2,190 | 3,649 | ||||||
First Philippine Holdings Corp. | 2,550 | 6,561 | ||||||
GMA Holdings, Inc. | 23,330 | 5,682 | ||||||
Lepanto Consolidated Mining (a) | 96,000 | 2,705 | ||||||
Megaworld Corp. | 96,000 | 9,151 | ||||||
Nickel Asia Corp. | 6,700 | 3,940 | ||||||
Philex Petroleum Corp. (a) | 2,707 | 2,080 | ||||||
Philippine National Bank (a) | 2,140 | 5,296 | ||||||
Puregold Price Club, Inc. | 5,000 | 4,907 | ||||||
Rizal Commercial Banking Corp. | 4,900 | 8,405 | ||||||
Robinsons Land Corp. | 7,000 | 4,374 | ||||||
Security Bank Corp. | 1,150 | 5,129 | ||||||
Semirara Mining Corp. | 1,050 | 6,880 | ||||||
SM Development Corp. | 26,260 | 5,450 | ||||||
78,399 | ||||||||
SINGAPORE — 0.2% | ||||||||
Yanlord Land Group, Ltd. (a)(b) | 4,000 | 4,836 | ||||||
TAIWAN — 37.4% | ||||||||
Ability Enterprise Co., Ltd. | 3,000 | 2,709 | ||||||
Accton Technology Corp. | 6,000 | 3,481 | ||||||
Adlink Technology, Inc. | 1,600 | 1,798 | ||||||
Advantech Co., Ltd. | 2,000 | 8,193 | ||||||
AGV Products Corp. (a) | 8,000 | 2,809 | ||||||
Airtac International Group | 1,000 | 5,117 | ||||||
Alcor Micro Corp. | 2,000 | 2,247 | ||||||
Alpha Networks, Inc. | 3,000 | 1,956 | ||||||
Altek Corp. | 3,000 | 1,796 | ||||||
AmTRAN Technology Co., Ltd. | 3,000 | 2,438 | ||||||
Apex Biotechnology Corp. | 1,025 | 2,681 | ||||||
Asia Polymer | 3,800 | 3,025 | ||||||
Asrock, Inc. | 1,000 | 3,578 | ||||||
Aten International Co., Ltd. | 1,000 | 1,669 | ||||||
Bank of Kaohsiung (a) | 10,000 | 3,227 | ||||||
Basso Industry Corp. | 3,000 | 1,997 | ||||||
BES Engineering Corp. | 13,000 | 3,943 | ||||||
Biostar Microtech International Corp. | 3,000 | 1,139 | ||||||
Capital Securities Corp. | 17,000 | 6,112 | ||||||
Career Technology Co., Ltd. | 2,000 | 2,555 | ||||||
Cathay No. 1 REIT | 7,000 | 4,548 |
See accompanying notes to financial statements.
117
SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Cathay Real Estate Development Co., Ltd. | 10,000 | $ | 5,518 | |||||
Charoen Pokphand Enterprise | 5,000 | 2,608 | ||||||
Cheng Loong Corp. | 8,000 | 3,505 | ||||||
Cheng Uei Precision Industry Co., Ltd. | 2,059 | 3,952 | ||||||
Chicony Electronics Co., Ltd. | 2,460 | 6,474 | ||||||
Chien Kuo Construction Co., Ltd. | 7,000 | 3,511 | ||||||
Chin-Poon Industrial Co. | 4,000 | 4,869 | ||||||
China Bills Finance Corp. | 7,000 | 2,716 | ||||||
China Chemical & Pharmaceutical Co., Ltd. | 5,000 | 3,369 | ||||||
China Manmade Fibers Corp. (a) | 9,000 | 3,416 | ||||||
China Motor Corp. | 3,000 | 2,814 | ||||||
China Steel Chemical Corp. | 1,000 | 4,916 | ||||||
China Synthetic Rubber Corp. | 3,000 | 3,220 | ||||||
Chipbond Technology Corp. | 3,000 | 6,762 | ||||||
Chong Hong Construction Co., Ltd. | 2,040 | 6,720 | ||||||
Chroma ATE, Inc. | 2,000 | 4,769 | ||||||
Chung Hung Steel Corp. (a) | 11,000 | 3,156 | ||||||
Clevo Co. | 3,241 | 4,986 | ||||||
CMC Magnetics Corp. (a) | 19,000 | 3,317 | ||||||
Compal Communications, Inc. (a) | 2,000 | 2,120 | ||||||
Coretronic Corp. | 4,000 | 2,963 | ||||||
CTCI Corp. | 2,000 | 3,906 | ||||||
CyberTAN Technology, Inc. | 3,000 | 2,498 | ||||||
D-Link Corp. | 4,000 | 2,361 | ||||||
Dimerco Express Taiwan Corp. | 3,000 | 1,821 | ||||||
Dynapack International Technology Corp. | 1,000 | 3,612 | ||||||
E Ink Holdings, Inc. | 6,000 | 4,735 | ||||||
Elan Microelectronics Corp. | 3,000 | 6,712 | ||||||
Elite Material Co., Ltd. | 5,000 | 5,016 | ||||||
Elite Semiconductor Memory Technology, Inc. (a) | 3,000 | 3,120 | ||||||
Entie Commercial Bank | 9,000 | 5,087 | ||||||
Epistar Corp. | 4,000 | 7,210 | ||||||
Eternal Chemical Co., Ltd. | 4,000 | 3,344 | ||||||
Eva Airways Corp. (a) | 5,000 | 3,001 | ||||||
Evergreen Marine Corp., Ltd. (a) | 8,000 | 4,789 | ||||||
Everlight Chemical Industrial Corp. | 4,400 | 3,083 | ||||||
Everlight Electronics Co., Ltd. | 2,000 | 3,220 | ||||||
Excelsior Medical Co., Ltd. | 1,100 | 2,130 | ||||||
Far Eastern Department Stores, Ltd. | 5,000 | 4,473 | ||||||
Far Eastern International Bank | 14,747 | 5,967 | ||||||
Faraday Technology Corp. | 3,000 | 3,461 | ||||||
Farglory Land Development Co., Ltd. | 2,000 | 3,705 | ||||||
Feng Hsin Iron & Steel Co., Ltd. | 2,000 | 3,451 | ||||||
Feng TAY Enterprise Co., Ltd. | 2,150 | 3,322 | ||||||
FLEXium Interconnect, Inc. | 637 | 2,120 | ||||||
Formosa Taffeta Co., Ltd. | 5,000 | 4,615 | ||||||
Formosan Rubber Group, Inc. | 6,000 | 4,475 | ||||||
Formosan Union Chemical | 3,700 | 1,856 | ||||||
FSP Technology, Inc. | 3,000 | 2,829 | ||||||
G Tech Optoelectronics Corp. | 1,000 | 2,348 | ||||||
GeoVision, Inc. | 1,059 | 4,639 | ||||||
Giant Manufacturing Co., Ltd. | 2,000 | 11,136 | ||||||
Gigabyte Technology Co., Ltd. | 4,000 | 3,699 | ||||||
Gintech Energy Corp. (a) | 2,000 | 1,769 | ||||||
Global Unichip Corp. | 1,000 | 3,073 | ||||||
Gloria Material Technology Corp. | 3,342 | 2,571 | ||||||
Goldsun Development & Construction Co., Ltd. | 10,000 | 3,996 | ||||||
Grand Ocean Retail Group, Ltd. (a) | 1,000 | 2,458 | ||||||
Grand Pacific Petrochemical | 7,000 | 3,547 | ||||||
Great Wall Enterprise Co. | 3,346 | 2,932 | ||||||
HannStar Display Corp. (a) | 12,000 | 1,914 | ||||||
Hey Song Corp. | 3,000 | 3,933 | ||||||
Highwealth Construction Corp. | 1,370 | 2,868 | ||||||
Hiwin Technologies Corp. | 1,000 | 7,458 | ||||||
Ho Tung Chemical Corp. (a) | 7,840 | 3,605 | ||||||
Hong TAI Electric Industrial | 12,000 | 4,013 | ||||||
Huaku Development Co., Ltd. | 2,080 | 5,147 | ||||||
Huang Hsiang Construction Co. | 1,000 | 2,608 | ||||||
I-Sheng Electric Wire & Cable Co., Ltd. | 3,000 | 4,485 | ||||||
Ibase Technology, Inc. | 2,048 | 2,870 | ||||||
Inotera Memories, Inc. (a) | 7,000 | 2,105 | ||||||
Inventec Co., Ltd. | 16,085 | 6,105 | ||||||
Jess-Link Products Co., Ltd. (a) | 1,000 | 898 | ||||||
Kenda Rubber Industrial Co., Ltd. | 1,091 | 1,999 | ||||||
Kerry TJ Logistics Co., Ltd. | 3,000 | 4,670 | ||||||
King Yuan Electronics Co., Ltd. | 8,000 | 5,485 | ||||||
King’s Town Bank (a) | 6,000 | 5,538 | ||||||
Kinpo Electronics | 18,000 | 4,226 | ||||||
Kinsus Interconnect Technology Corp. | 2,000 | 6,287 | ||||||
LCY Chemical Corp. | 3,149 | 3,538 | ||||||
Lien Hwa Industrial Corp. | 5,000 | 3,261 | ||||||
Lingsen Precision Industries, Ltd. | 5,000 | 2,784 | ||||||
Long Bon International Co., Ltd. (a) | 3,000 | 2,122 | ||||||
Lumax International Corp., Ltd. | 1,391 | 3,270 | ||||||
Lung Yen Life Service Corp. | 1,000 | 3,411 | ||||||
Macronix International Co., Ltd. | 20,519 | 5,908 | ||||||
Makalot Industrial Co., Ltd. | 2,000 | 7,524 | ||||||
Masterlink Securities Corp. | 10,000 | 3,160 | ||||||
Mayer Steel Pipe Corp. (a) | 5,000 | 2,007 | ||||||
Mercuries & Associates, Ltd. | 2,200 | 1,780 | ||||||
Merida Industry Co., Ltd. | 1,600 | 9,391 | ||||||
Micro-Star International Co., Ltd. | 7,000 | 3,301 | ||||||
Microbio Co., Ltd. | 2,760 | 3,184 | ||||||
MIN AIK Technology Co., Ltd. | 1,000 | 2,759 | ||||||
Mirle Automation Corp. | 2,240 | 1,588 | ||||||
Mitac International Corp. | 8,000 | 2,930 | ||||||
Motech Industries, Inc. (a) | 2,000 | 2,104 | ||||||
Nan Kang Rubber Tire Co., Ltd. | 3,704 | 4,373 | ||||||
Nantex Industry Co., Ltd. | 2,100 | 1,384 | ||||||
Neo Solar Power Corp. (a) | 3,000 | 2,262 | ||||||
Nien Hsing Textile Co., Ltd. | 4,500 | 3,205 | ||||||
Novatek Microelectronics Corp. | 3,000 | 12,992 | ||||||
Oriental Union Chemical Corp. | 4,800 | 4,976 | ||||||
Pan-International Industrial Co., Ltd. (a) | 3,000 | 2,508 | ||||||
Phison Electronics Corp. | 1,000 | 7,692 | ||||||
PixArt Imaging, Inc. | 1,020 | 2,238 | ||||||
Portwell, Inc. | 2,000 | 1,973 | ||||||
Powertech Technology, Inc. | 3,000 | 4,966 | ||||||
President Securities Corp. (a) | 7,420 | 4,417 | ||||||
Prime Electronics Satellitics, Inc. | 1,681 | 1,507 | ||||||
Prince Housing Development Corp. | 5,500 | 3,918 | ||||||
Promate Electronic Co., Ltd. | 3,000 | 2,739 | ||||||
Qisda Corp. (a) | 11,000 | 2,752 | ||||||
Radiant Opto-Electronics Corp. | 2,679 | 10,527 | ||||||
Realtek Semiconductor Corp. | 3,070 | 7,135 | ||||||
RichTek Technology Corp. | 1,000 | 5,785 |
See accompanying notes to financial statements.
118
SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Ritek Corp. (a) | 19,000 | $ | 2,440 | |||||
Ruentex Development Co., Ltd. | 4,000 | 8,146 | ||||||
Ruentex Industries, Ltd. | 3,000 | 6,902 | ||||||
Sampo Corp. | 7,000 | 2,364 | ||||||
Sanyang Industry Co., Ltd. (a) | 6,000 | 4,986 | ||||||
Senao International Co., Ltd. | 1,000 | 3,194 | ||||||
Shihlin Paper Corp. (a) | 2,000 | 3,130 | ||||||
Shin Zu Shing Co., Ltd. | 1,000 | 3,043 | ||||||
Shinkong Synthetic Fibers Corp. | 14,000 | 4,401 | ||||||
Sigurd Microelectronics Corp. | 4,000 | 4,133 | ||||||
Silicon Integrated Systems Corp. (a) | 5,000 | 1,697 | ||||||
Simplo Technology Co., Ltd. | 1,729 | 8,124 | ||||||
Sinbon Electronics Co., Ltd. | 6,000 | 5,709 | ||||||
Sinmag Bakery Machine Corp. | 726 | 3,290 | ||||||
Sino-American Silicon Products, Inc. | 3,000 | 3,943 | ||||||
Sinon Corp. | 7,000 | 3,406 | ||||||
Sinphar Pharmaceutical Co., Ltd. | 2,000 | 2,568 | ||||||
Sintek Photronic Corp. (a) | 5,000 | 1,550 | ||||||
Sinyi Realty Co. | 1,177 | 1,832 | ||||||
Solar Applied Materials Technology Corp. | 3,599 | 4,231 | ||||||
Solartech Energy Corp. (a) | 2,000 | 1,351 | ||||||
Standard Foods Corp. | 582 | 1,752 | ||||||
Sunonwealth Electric Machine Industry Co., Ltd. | 4,000 | 2,595 | ||||||
Systex Corp. | 3,000 | 3,647 | ||||||
Ta Chong Bank Co., Ltd. (a) | 10,660 | 3,957 | ||||||
Ta Ya Electric Wire & Cable | 15,000 | 3,582 | ||||||
Taichung Commercial Bank | 15,570 | 5,519 | ||||||
Tainan Enterprises Co., Ltd. | 3,000 | 3,210 | ||||||
Tainan Spinning Co., Ltd. | 8,000 | 3,986 | ||||||
Taisun Enterprise Co., Ltd. | 6,360 | 3,254 | ||||||
Taiwan Business Bank (a) | 19,560 | 6,208 | ||||||
Taiwan Cogeneration Corp. | 5,000 | 3,378 | ||||||
Taiwan Fire & Marine Insurance Co. | 3,000 | 2,217 | ||||||
Taiwan Hon Chuan Enterprise Co., Ltd. | 2,000 | 5,190 | ||||||
Taiwan Land Development Corp. (a) | 7,430 | 2,857 | ||||||
Taiwan Secom Co., Ltd. | 2,000 | 4,501 | ||||||
Taiwan Surface Mounting Technology Co., Ltd. | 1,232 | 2,009 | ||||||
Tatung Co., Ltd. (a) | 13,000 | 3,274 | ||||||
Teco Electric & Machinery Co., Ltd. | 11,000 | 8,865 | ||||||
Test-Rite International Co. | 4,246 | 3,110 | ||||||
Thye Ming Industrial Co., Ltd. | 3,000 | 3,180 | ||||||
Tong Hsing Electronic Industries, Ltd. | 1,000 | 4,281 | ||||||
Tong Yang Industry Co., Ltd. | 3,240 | 2,991 | ||||||
Topco Scientific Co., Ltd. | 2,000 | 3,632 | ||||||
Transcend Information, Inc. | 2,000 | 6,488 | ||||||
Tripod Technology Corp. | 3,000 | 6,601 | ||||||
TSRC Corp. | 3,700 | 7,300 | ||||||
TTY Biopharm Co., Ltd. | 679 | 2,228 | ||||||
Tung Ho Steel Enterprise Corp. | 5,000 | 4,799 | ||||||
TXC Corp. | 3,000 | 4,500 | ||||||
U-Ming Marine Transport Corp. | 2,000 | 3,123 | ||||||
Unimicron Technology Corp. | 7,000 | 7,292 | ||||||
Unity Opto Technology Co., Ltd. (a) | 3,000 | 2,889 | ||||||
Unizyx Holding Corp. | 5,000 | 2,433 | ||||||
UPC Technology Corp. | 5,499 | 2,915 | ||||||
USI Corp. | 4,200 | 3,027 | ||||||
Ve Wong Corp. | 4,000 | 2,729 | ||||||
Via Technologies, Inc. (a) | 2,000 | 1,358 | ||||||
Visual Photonics Epitaxy Co., Ltd. | 1,008 | 1,180 | ||||||
Walsin Lihwa Corp. (a) | 21,000 | 6,061 | ||||||
Wan Hai Lines, Ltd. (a) | 6,000 | 3,190 | ||||||
Waterland Financial Holdings Co., Ltd. | 12,160 | 4,128 | ||||||
Wei Chuan Food Corp. | 3,000 | 4,495 | ||||||
Weikeng Industrial Co., Ltd. | 3,000 | 2,222 | ||||||
Win Semiconductors Corp. | 3,000 | 3,336 | ||||||
Winbond Electronics Corp. (a) | 20,000 | 4,073 | ||||||
Wintek Corp. (a) | 8,000 | 4,147 | ||||||
Wistron NeWeb Corp. | 2,099 | 3,573 | ||||||
Yageo Corp. (a) | 13,000 | 4,191 | ||||||
Yang Ming Marine Transport Corp. (a) | 7,000 | 3,242 | ||||||
Yieh Phui Enterprise Co., Ltd. | 9,180 | 2,643 | ||||||
Yuen Foong Yu Paper Manufacturing Co., Ltd. | 9,000 | 4,470 | ||||||
Yungtay Engineering Co., Ltd. | 2,000 | 4,013 | ||||||
Zenitron Corp. | 3,000 | 1,876 | ||||||
Zinwell Corp. | 3,000 | 2,483 | ||||||
813,011 | ||||||||
THAILAND — 7.4% | ||||||||
Bangkok Chain Hospital PCL | 16,699 | 6,900 | ||||||
Bangkok Expressway PCL | 5,232 | 7,102 | ||||||
Bangkok Life Assurance PCL, NVDR | 2,100 | 5,360 | ||||||
Bangkokland PCL, NVDR | 72,600 | 4,884 | ||||||
BTS Group Holdings PCL, NVDR | 16,500 | 5,296 | ||||||
Bumrungrad Hospital PCL | 2,886 | 8,451 | ||||||
Dynasty Ceramic PCL | 2,266 | 4,817 | ||||||
Electricity Generating PCL | 2,066 | 11,005 | ||||||
Esso Thailand PCL, NVDR | 10,400 | 3,391 | ||||||
Jasmine International PCL, NVDR | 24,200 | 5,619 | ||||||
Kiatnakin Bank PCL, NVDR | 3,500 | 8,247 | ||||||
MBK PCL, NVDR | 800 | 4,972 | ||||||
Minor International PCL | 12,278 | 10,188 | ||||||
Precious Shipping PCL | 5,974 | 3,713 | ||||||
Pruksa Real Estate PCL | 8,551 | 8,760 | ||||||
Siam Global House PCL, NVDR | 7,116 | 5,078 | ||||||
Sri Trang Agro-Industry PCL | 5,666 | 3,134 | ||||||
Thai Airways International PCL | 4,638 | 4,514 | ||||||
Thai Stanley Electric PCL, NVDR | 700 | 5,808 | ||||||
Thai Tap Water Supply PCL | 27,504 | 10,237 | ||||||
Thai Vegetable Oil PCL | 7,107 | 5,776 | ||||||
Thanachart Capital PCL | 5 | 8 | ||||||
Thoresen Thai Agencies PCL (a) | 8,363 | 5,312 | ||||||
Tisco Financial Group PCL | 3,608 | 6,838 | ||||||
True Corp. PCL, NVDR (a) | 47,290 | 13,241 | ||||||
Vinythai PCL | 2,898 | 1,801 | ||||||
160,452 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,876,156) | 2,163,064 | |||||||
RIGHTS — 0.1% | ||||||||
HONG KONG — 0.1% | ||||||||
Li Ning Co., Ltd. (expiring 4/15/13) (a) (Cost $0) | 2,500 | 345 | ||||||
See accompanying notes to financial statements.
119
SPDR S&P Small Cap Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
WARRANTS — 0.0% (e) | ||||||||
THAILAND — 0.0% (e) | ||||||||
Thoresen Thai Agencies PCL (expiring 09/12/15) (a) (Cost $0) | 1,194 | $ | 308 | |||||
SHORT TERM INVESTMENTS — 4.5% | ||||||||
UNITED STATES — 4.5% | ||||||||
MONEY MARKET FUNDS — 4.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (f)(g) | 89,440 | 89,440 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (g)(h) | 8,653 | 8,653 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $98,093) | 98,093 | |||||||
TOTAL INVESTMENTS — 104.1% | ||||||||
(Cost $1,974,249) | 2,261,810 | |||||||
OTHER ASSETS & LIABILITIES — (4.1)% | (88,095 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,173,715 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 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 3 inputs. (Note 2) | |||||
(d) | 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) | |||||
(e) | Amount shown represents less than 0.05% of net assets. | |||||
(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. |
ADR = American Depositary Receipt
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
120
SPDR S&P Russia ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.0% | ||||||||
RUSSIA — 99.0% | ||||||||
CHEMICALS — 4.3% | ||||||||
Phosagro OAO GDR (a) | 10,040 | $ | 138,698 | |||||
Phosagro OAO GDR (a) | 569 | 8,023 | ||||||
Uralkali OJSC GDR | 36,971 | 1,367,390 | ||||||
1,514,111 | ||||||||
COMMERCIAL BANKS — 12.9% | ||||||||
Sberbank of Russia ADR (b) | 306,777 | 3,918,941 | ||||||
VTB Bank OJSC GDR (a) | 12,675 | 39,843 | ||||||
VTB Bank OJSC GDR (a) | 198,526 | 624,061 | ||||||
4,582,845 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.9% | ||||||||
Rostelecom OJSC ADR | 43,899 | 1,042,071 | ||||||
ELECTRIC UTILITIES — 1.6% | ||||||||
Federal Hydrogenerating Co. JSC ADR (a) | 289,596 | 565,107 | ||||||
Federal Hydrogenerating Co. JSC ADR (a) | 1,612 | 3,102 | ||||||
568,209 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.4% | ||||||||
Eurasia Drilling Co., Ltd. GDR | 9,680 | 343,640 | ||||||
Integra Group Holdings GDR (c) | 45,642 | 17,116 | ||||||
TMK OAO GDR | 12,833 | 156,249 | ||||||
517,005 | ||||||||
FOOD & STAPLES RETAILING — 5.5% | ||||||||
Magnit OJSC GDR (a) | 9,259 | 413,729 | ||||||
Magnit OJSC GDR (a) | 24,338 | 1,087,543 | ||||||
O’Key Group SA GDR | 13,965 | 159,201 | ||||||
X5 Retail Group NV GDR (c) | 16,725 | 280,980 | ||||||
1,941,453 | ||||||||
HOUSEHOLD DURABLES — 0.5% | ||||||||
PIK Group GDR (c) | 95,606 | 188,153 | ||||||
INTERNET SOFTWARE & SERVICES — 1.4% | ||||||||
Mail.ru Group, Ltd. GDR | 9,627 | 266,668 | ||||||
Yandex NV (b)(c) | 9,433 | 218,091 | ||||||
484,759 | ||||||||
MEDIA — 0.4% | ||||||||
CTC Media, Inc. | 11,527 | 135,903 | ||||||
METALS & MINING — 9.7% | ||||||||
Evraz PLC | 46,308 | 156,102 | ||||||
IRC, Ltd. (c) | 208,000 | 23,848 | ||||||
Magnitogorsk Iron & Steel Works GDR | 27,577 | 95,505 | ||||||
Mechel OAO ADR (b) | 24,351 | 123,457 | ||||||
MMC Norilsk Nickel OJSC ADR | 101,605 | 1,719,058 | ||||||
Novolipetsk Steel OJSC GDR (a) | 1,505 | 23,836 | ||||||
Novolipetsk Steel OJSC GDR (a) | 11,905 | 188,549 | ||||||
Polymetal International PLC | 24,514 | 322,540 | ||||||
Polyus Gold International, Ltd. (c) | 94,128 | 305,510 | ||||||
Severstal GDR (a) | 2,151 | 19,249 | ||||||
Severstal GDR (a) | 30,114 | 269,490 | ||||||
United Co. RUSAL PLC (c) | 411,000 | 205,959 | ||||||
3,453,103 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 47.7% | ||||||||
Alliance Oil Co., Ltd. SDR (c) | 19,049 | 152,052 | ||||||
Exillon Energy PLC (c) | 27,400 | 63,656 | ||||||
Gazprom Neft JSC ADR | 12,809 | 271,985 | ||||||
Gazprom OAO ADR | 694,335 | 5,975,336 | ||||||
Lukoil OAO ADR (a) | 54,874 | 3,548,945 | ||||||
Lukoil OAO ADR (a) | 17,560 | 1,137,447 | ||||||
NovaTek OAO GDR | 13,076 | 1,408,922 | ||||||
Rosneft Oil Co. GDR | 183,035 | 1,406,929 | ||||||
RusPetro PLC (c) | 22,301 | 11,429 | ||||||
Surgutneftegas OJSC ADR | 135,011 | 1,206,565 | ||||||
Surgutneftegas OJSC ADR Preference Shares | 71,415 | 496,531 | ||||||
Tatneft ADR | 32,839 | 1,313,673 | ||||||
16,993,470 | ||||||||
PHARMACEUTICALS — 1.0% | ||||||||
Pharmstandard GDR (c) | 17,910 | 369,842 | ||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.1% | ||||||||
AFI Development PLC, GDR (c) | 98,400 | 67,847 | ||||||
Etalon Group, Ltd. GDR (c) | 24,109 | 120,545 | ||||||
LSR Group OJSC GDR (a) | 38,194 | 163,478 | ||||||
LSR Group OJSC GDR (a) | 5,604 | 23,987 | ||||||
375,857 | ||||||||
ROAD & RAIL — 0.7% | ||||||||
Globaltrans Investment PLC GDR | 16,085 | 253,821 | ||||||
TRANSPORTATION INFRASTRUCTURE — 0.5% | ||||||||
Novorossiysk Commercial Sea Trade Port PJSC GDR (a) | 1,026 | 8,521 | ||||||
Novorossiysk Commercial Sea Trade Port PJSC GDR (a) | 18,613 | 153,536 | ||||||
162,057 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 7.4% | ||||||||
Mobile TeleSystems ADR | 77,716 | 1,614,169 | ||||||
Sistema JSFC GDR | 27,962 | 516,169 | ||||||
VimpelCom, Ltd. ADR | 43,720 | 519,831 | ||||||
2,650,169 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $46,212,915) | 35,232,828 | |||||||
SHORT TERM INVESTMENTS — 1.4% | ||||||||
UNITED STATES — 1.4% | ||||||||
MONEY MARKET FUNDS — 1.4% | ||||||||
State Street Institutional Liquid Reserve Fund 0.13% (d)(e) | 354,382 | 354,382 | ||||||
State Street Navigator Securities Lending Prime Portfolio (d)(f) | 151,678 | 151,678 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $506,060) | 506,060 | |||||||
TOTAL INVESTMENTS — 100.4% (g) | ||||||||
(Cost $46,718,975) | 35,738,888 | |||||||
OTHER ASSETS & LIABILITIES — (0.4)% | (150,266 | ) | ||||||
NET ASSETS — 100.0% | $ | 35,588,622 | ||||||
See accompanying notes to financial statements.
121
SPDR S&P Russia ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
(a) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(b) | A portion of the security was on loan at March 31, 2013. | |||||
(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) | Investments of cash collateral for securities loaned. | |||||
(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
SDR = Swedish Depositary Receipt
See accompanying notes to financial statements.
122
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 100.0% | ||||||||
AEROSPACE & DEFENSE — 0.1% | ||||||||
AviChina Industry & Technology Co. | 2,476,000 | $ | 1,215,250 | |||||
AIRLINES — 1.2% | ||||||||
Air China, Ltd. | 4,094,000 | 3,639,041 | ||||||
China Eastern Airlines Corp., Ltd. (a) | 4,108,000 | 1,788,698 | ||||||
China Southern Airlines Co., Ltd. (Class H) (b) | 13,242,000 | 7,556,963 | ||||||
12,984,702 | ||||||||
AUTO COMPONENTS — 0.2% | ||||||||
Minth Group, Ltd. | 940,000 | 1,385,300 | ||||||
Xinyi Glass Holdings Co., Ltd. (b) | 1,578,000 | 1,113,981 | ||||||
2,499,281 | ||||||||
AUTOMOBILES — 2.0% | ||||||||
Brilliance China Automotive Holdings, Ltd. (a)(b) | 3,974,000 | 4,668,880 | ||||||
BYD Co., Ltd. (a)(b) | 726,000 | 2,314,738 | ||||||
Dongfeng Motor Group Co., Ltd. | 4,342,300 | 6,097,282 | ||||||
Geely Automobile Holdings, Ltd. (b) | 4,095,000 | 1,988,773 | ||||||
Great Wall Motor Co., Ltd. (Class H) (b) | 1,195,500 | 4,050,376 | ||||||
Guangzhou Automobile Group Co., Ltd. (b) | 3,134,637 | 2,653,033 | ||||||
21,773,082 | ||||||||
BEVERAGES — 0.4% | ||||||||
Tsingtao Brewery Co., Ltd. (b) | 624,000 | 3,979,054 | ||||||
CHEMICALS — 0.9% | ||||||||
China Bluechemical, Ltd. (b) | 3,258,000 | 2,018,767 | ||||||
China Lumena New Materials Corp. (b) | 5,288,000 | 1,137,622 | ||||||
Dongyue Group (b) | 921,000 | 533,903 | ||||||
Fufeng Group, Ltd. (b) | 1,266,000 | 451,755 | ||||||
Huabao International Holdings, Ltd. (b) | 1,625,000 | 705,461 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. | 6,552,000 | 2,878,182 | ||||||
Yingde Gases (b) | 2,028,000 | 2,259,821 | ||||||
9,985,511 | ||||||||
COMMERCIAL BANKS — 22.8% | ||||||||
Agricultural Bank of China, Ltd. (b) | 34,784,000 | 16,669,112 | ||||||
Bank of China, Ltd. | 95,067,700 | 44,088,516 | ||||||
Bank of Communications Co., Ltd. (b) | 9,861,824 | 7,381,139 | ||||||
China Citic Bank Corp., Ltd. (b) | 11,900,471 | 7,143,977 | ||||||
China Construction Bank Corp. | 106,665,623 | 87,117,164 | ||||||
China Merchants Bank Co., Ltd. (b) | 5,332,843 | 11,294,073 | ||||||
China Minsheng Banking Corp., Ltd. (Class H) (b) | 5,358,500 | 6,826,994 | ||||||
Chongqing Rural Commercial Bank Co., Ltd. (b) | 1,692,000 | 904,562 | ||||||
Industrial & Commercial Bank of China | 98,352,789 | 68,924,810 | ||||||
250,350,347 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.1% | ||||||||
China Everbright International, Ltd. | 1,597,000 | 1,145,909 | ||||||
COMMUNICATIONS EQUIPMENT — 0.8% | ||||||||
AAC Technologies Holdings, Inc. (b) | 1,096,245 | 5,267,523 | ||||||
China All Access Holdings, Ltd. (b) | 4,334,000 | 1,418,119 | ||||||
China Wireless Technologies, Ltd. | 1,340,000 | 440,185 | ||||||
ZTE Corp. (b) | 1,101,398 | 1,901,249 | ||||||
9,027,076 | ||||||||
COMPUTERS & PERIPHERALS — 0.8% | ||||||||
Lenovo Group, Ltd. | 8,764,000 | 8,704,558 | ||||||
TPV Technology, Ltd. | 2,248,000 | 637,102 | ||||||
9,341,660 | ||||||||
CONSTRUCTION & ENGINEERING — 1.6% | ||||||||
China Communications Construction Co., Ltd. (Class H) | 7,391,394 | 6,874,697 | ||||||
China Railway Construction Corp. (Class H) | 3,816,875 | 3,618,893 | ||||||
China Railway Group, Ltd. (b) | 8,523,000 | 4,336,902 | ||||||
China State Construction International Holdings, Ltd. | 968,000 | 1,324,311 | ||||||
Metallurgical Corp. of China, Ltd. (a)(b) | 8,299,000 | 1,603,640 | ||||||
17,758,443 | ||||||||
CONSTRUCTION MATERIALS — 1.4% | ||||||||
Anhui Conch Cement Co., Ltd. (b) | 2,043,000 | 6,776,970 | ||||||
BBMG Corp. (b) | 1,033,500 | 842,760 | ||||||
China National Building Material Co., Ltd. (b) | 4,402,000 | 5,540,317 | ||||||
China Resources Cement Holdings, Ltd. (b) | 1,298,000 | 734,056 | ||||||
China Shanshui Cement Group, Ltd. | 2,358,000 | 1,354,780 | ||||||
15,248,883 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.3% | ||||||||
New Oriental Education & Technology Group, Inc. ADR | 174,368 | 3,138,624 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 0.1% | ||||||||
Far East Horizon, Ltd. | 1,523,000 | 1,006,485 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.9% | ||||||||
China Communications Services Corp., Ltd. | 2,517,600 | 1,624,854 | ||||||
China Telecom Corp., Ltd. | 20,460,951 | 10,306,058 | ||||||
China Unicom (Hong Kong), Ltd. (b) | 6,297,805 | 8,437,476 | ||||||
20,368,388 | ||||||||
ELECTRICAL EQUIPMENT — 0.6% | ||||||||
China High Speed Transmission Equipment Group Co., Ltd. (a)(b) | 1,732,000 | 814,387 | ||||||
Dongfang Electric Corp., Ltd. (b) | 310,800 | 514,887 | ||||||
Harbin Electric Co., Ltd. | 642,000 | 521,860 | ||||||
Shanghai Electric Group Co., Ltd. (b) | 7,194,000 | 2,798,771 |
See accompanying notes to financial statements.
123
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Zhuzhou CSR Times Electric Co., Ltd. (b) | 633,000 | $ | 1,793,975 | |||||
6,443,880 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 0.5% | ||||||||
Avic International Holdings, Ltd. (a) | 2,808,000 | 1,023,702 | ||||||
Digital China Holdings, Ltd. (b) | 1,259,000 | 1,702,962 | ||||||
Ju Teng International Holdings, Ltd. | 844,000 | 530,582 | ||||||
Kingboard Chemical Holdings, Ltd. (b) | 868,500 | 2,472,590 | ||||||
5,729,836 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.6% | ||||||||
Anton Oilfield Services Group (b) | 1,214,000 | 844,505 | ||||||
China Oilfield Services, Ltd. | 2,203,900 | 4,616,389 | ||||||
Honghua Group, Ltd. (b) | 1,744,000 | 811,043 | ||||||
SPT Energy Group, Inc. | 1,254,000 | 588,016 | ||||||
6,859,953 | ||||||||
FOOD & STAPLES RETAILING — 0.9% | ||||||||
China Resources Enterprise, Ltd. (b) | 1,887,854 | 5,593,533 | ||||||
Lianhua Supermarket Holdings Co., Ltd. (b) | 805,000 | 641,914 | ||||||
Sun Art Retail Group Ltd. | 1,628,500 | 2,265,695 | ||||||
Wumart Stores, Inc. (b) | 637,000 | 1,152,117 | ||||||
9,653,259 | ||||||||
FOOD PRODUCTS — 3.6% | ||||||||
Asian Citrus Holdings, Ltd. | 1,941,323 | 1,002,841 | ||||||
China Agri-Industries Holdings, Ltd. (b) | 2,764,600 | 1,428,126 | ||||||
China Mengniu Dairy Co., Ltd. | 2,515,110 | 7,225,233 | ||||||
China Milk Products Group, Ltd. (a)(c) | 15,000 | 0 | ||||||
China Modern Dairy Holdings, Ltd. (a)(b) | 3,438,000 | 1,147,085 | ||||||
China Yurun Food Group, Ltd. (a)(b) | 1,888,000 | 1,293,909 | ||||||
CP Pokphand Co. | 5,644,000 | 625,281 | ||||||
People’s Food Holdings, Ltd. | 1,531,000 | 1,554,941 | ||||||
Shenguan Holdings Group, Ltd. (b) | 2,500,000 | 1,297,882 | ||||||
Tingyi Cayman Islands Holding Corp. (b) | 2,929,844 | 7,642,924 | ||||||
Uni-President China Holdings Ltd. (b) | 779,000 | 893,136 | ||||||
Want Want China Holdings, Ltd. | 9,825,933 | 15,062,975 | ||||||
39,174,333 | ||||||||
GAS UTILITIES — 0.7% | ||||||||
China Gas Holdings, Ltd. | 2,756,000 | 2,747,959 | ||||||
China Oil and Gas Group, Ltd. (a)(b) | 3,720,000 | 733,203 | ||||||
China Resources Gas Group, Ltd. (b) | 1,694,000 | 4,702,737 | ||||||
8,183,899 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.7% | ||||||||
Mindray Medical International, Ltd. ADR (b) | 138,248 | 5,521,625 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. (b) | 2,496,000 | 2,260,424 | ||||||
7,782,049 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 0.5% | ||||||||
Shanghai Pharmaceuticals Holding Co., Ltd. | 1,047,800 | 2,305,453 | ||||||
Sinopharm Group Co. (b) | 1,002,000 | 3,233,445 | ||||||
5,538,898 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.5% | ||||||||
Ajisen China Holdings, Ltd. (b) | 628,000 | 497,536 | ||||||
China Travel International Investment Hong Kong, Ltd. | 6,554,000 | 1,274,892 | ||||||
Home Inns & Hotels Management, Inc. ADR (a) | 41,793 | 1,245,014 | ||||||
REXLot Holdings, Ltd. | 7,550,000 | 661,372 | ||||||
Shanghai Jin Jiang International Hotels Group Co., Ltd. (b) | 8,760,000 | 1,523,449 | ||||||
5,202,263 | ||||||||
HOUSEHOLD DURABLES — 0.2% | ||||||||
Haier Electronics Group Co., Ltd. (a) | 649,000 | 1,035,036 | ||||||
Skyworth Digital Holdings, Ltd. | 950,497 | 637,938 | ||||||
1,672,974 | ||||||||
HOUSEHOLD PRODUCTS — 0.1% | ||||||||
NVC Lighting Holdings, Ltd. | 3,084,000 | 711,144 | ||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 1.9% | ||||||||
China Longyuan Power Group Corp. | 3,327,000 | 3,017,279 | ||||||
China Resources Power Holdings Co., Ltd. | 2,868,112 | 8,590,314 | ||||||
Datang International Power Generation Co., Ltd. | 7,896,287 | 3,489,049 | ||||||
Huaneng Power International, Inc. | 5,058,129 | 5,395,233 | ||||||
20,491,875 | ||||||||
INDUSTRIAL CONGLOMERATES — 1.4% | ||||||||
Beijing Enterprises Holdings, Ltd. (b) | 933,500 | 7,191,268 | ||||||
Citic Pacific, Ltd. (b) | 2,819,000 | 3,660,544 | ||||||
Shanghai Industrial Holdings, Ltd. | 1,416,000 | 4,450,851 | ||||||
15,302,663 | ||||||||
INSURANCE — 5.7% | ||||||||
China Life Insurance Co., Ltd. | 10,356,040 | 26,815,121 | ||||||
China Pacific Insurance Group Co., Ltd. | 2,102,200 | 6,919,185 | ||||||
China Taiping Insurance Holdings Co., Ltd. (a) | 1,435,400 | 2,451,921 | ||||||
New China Life Insurance Co. Ltd. (b) | 502,600 | 1,712,530 | ||||||
PICC Property & Casualty Co., Ltd. | 3,774,759 | 4,848,131 | ||||||
Ping An Insurance Group Co. of China, Ltd. (b) | 2,514,300 | 19,498,607 | ||||||
62,245,495 | ||||||||
See accompanying notes to financial statements.
124
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
INTERNET & CATALOG RETAIL — 0.4% | ||||||||
Ctrip.com International, Ltd. ADR (a)(b) | 230,797 | $ | 4,934,440 | |||||
INTERNET SOFTWARE & SERVICES — 8.4% | ||||||||
Baidu, Inc. ADR (a)(b) | 360,884 | 31,649,527 | ||||||
NetEase, Inc. ADR | 116,398 | 6,375,118 | ||||||
Sina Corp. (a) | 88,309 | 4,290,934 | ||||||
Sohu.com, Inc. (a)(b) | 61,450 | 3,048,535 | ||||||
Tencent Holdings, Ltd. | 1,424,083 | 45,276,250 | ||||||
Youku Tudou, Inc. ADR (a)(b) | 98,244 | 1,647,552 | ||||||
92,287,916 | ||||||||
IT SERVICES — 0.2% | ||||||||
Travelsky Technology, Ltd. | 3,615,000 | 2,379,683 | ||||||
LEISURE EQUIPMENT & PRODUCTS — 0.1% | ||||||||
Sunny Optical Technology Group Co., Ltd. | 567,000 | 654,457 | ||||||
MACHINERY — 0.9% | ||||||||
Changsha Zoomlion Heavy Industry Science and Technology Development Co., Ltd. (b) | 1,529,800 | 1,846,563 | ||||||
China National Materials Co., Ltd. (b) | 1,854,000 | 494,390 | ||||||
China Rongsheng Heavy Industries Group Holdings, Ltd. (b) | 3,267,000 | 530,285 | ||||||
Lonking Holdings, Ltd. (b) | 3,935,000 | 897,239 | ||||||
Weichai Power Co., Ltd. (b) | 949,920 | 3,163,280 | ||||||
Yangzijiang Shipbuilding Holdings, Ltd. (b) | 4,068,000 | 3,180,687 | ||||||
10,112,444 | ||||||||
MARINE — 0.5% | ||||||||
China COSCO Holdings Co., Ltd. (a)(b) | 5,386,175 | 2,539,520 | ||||||
China Shipping Container Lines Co., Ltd. (a)(b) | 6,614,500 | 1,789,395 | ||||||
China Shipping Development Co., Ltd. (b) | 2,139,800 | 1,039,213 | ||||||
5,368,128 | ||||||||
MEDIA — 0.4% | ||||||||
Focus Media Holding, Ltd. ADR (b) | 145,060 | 3,889,059 | ||||||
METALS & MINING — 1.8% | ||||||||
Aluminum Corp. of China, Ltd. (a)(b) | 8,152,000 | 3,139,969 | ||||||
Angang Steel Co., Ltd. (a)(b) | 2,499,720 | 1,368,580 | ||||||
China Metal Recycling Holdings, Ltd. (b)(c) | 468,600 | 484,135 | ||||||
China Molybdenum Co., Ltd. (b) | 2,363,000 | 1,034,982 | ||||||
Jiangxi Copper Co., Ltd. (Class H) | 2,506,000 | 5,533,270 | ||||||
Maanshan Iron & Steel (a)(b) | 5,054,000 | 1,315,154 | ||||||
North Mining Shares Co., Ltd. (a) | 5,710,000 | 301,585 | ||||||
Shougang Fushan Resources Group, Ltd. (b) | 1,018,000 | 453,747 | ||||||
Zhaojin Mining Industry Co., Ltd. (b) | 1,564,000 | 2,099,397 | ||||||
Zijin Mining Group Co., Ltd. (b) | 12,174,750 | 4,015,041 | ||||||
19,745,860 | ||||||||
MULTILINE RETAIL — 0.4% | ||||||||
Golden Eagle Retail Group, Ltd. (b) | 1,068,120 | 1,926,363 | ||||||
Intime Department Store Group Co., Ltd. | 1,184,500 | 1,345,840 | ||||||
Parkson Retail Group, Ltd. (b) | 2,518,000 | 1,498,607 | ||||||
4,770,810 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 13.6% | ||||||||
China Coal Energy Co., Ltd (b) | 6,369,013 | 5,677,645 | ||||||
China Petroleum & Chemical Corp. | 23,905,877 | 28,147,567 | ||||||
China Shenhua Energy Co., Ltd. | 5,209,200 | 18,923,878 | ||||||
CNOOC, Ltd. | 22,014,174 | 42,311,772 | ||||||
Inner Mongolia Yitai Coal Co. Ltd. (a)(b) | 348,100 | 1,943,941 | ||||||
Kunlun Energy Co., Ltd. | 3,773,400 | 8,020,599 | ||||||
MIE Holdings Corp. | 1,924,000 | 475,879 | ||||||
Newocean Energy Holdings, Ltd. (b) | 1,022,000 | 583,236 | ||||||
PetroChina Co., Ltd. | 29,270,930 | 38,386,127 | ||||||
United Energy Group, Ltd. (a)(b) | 4,068,000 | 676,022 | ||||||
Yanzhou Coal Mining Co., Ltd. (b) | 3,143,900 | 4,236,336 | ||||||
149,383,002 | ||||||||
PAPER & FOREST PRODUCTS — 0.5% | ||||||||
Lee & Man Paper Manufacturing, Ltd. (b) | 2,994,000 | 2,345,014 | ||||||
Nine Dragons Paper Holdings, Ltd. (b) | 2,837,000 | 2,664,261 | ||||||
5,009,275 | ||||||||
PERSONAL PRODUCTS — 0.8% | ||||||||
Hengan International Group Co., Ltd. | 864,500 | 8,458,294 | ||||||
PHARMACEUTICALS — 0.8% | ||||||||
China Medical System Holdings, Ltd. | 915,000 | 928,832 | ||||||
China Shineway Pharmaceutical Group, Ltd. (b) | 460,000 | 826,058 | ||||||
Guangzhou Pharmaceutical Co. Ltd. | 320,000 | 1,071,799 | ||||||
Shandong Luoxin Pharmacy Stock Co., Ltd. | 294,000 | 389,341 | ||||||
Sihuan Pharmaceutical Holdings Group, Ltd. (b) | 2,953,000 | 1,460,780 | ||||||
Sino Biopharmaceutical | 3,824,000 | 2,669,975 | ||||||
WuXi PharmaTech Cayman, Inc. ADR (a) | 108,849 | 1,870,026 | ||||||
9,216,811 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 6.2% | ||||||||
Agile Property Holdings, Ltd. (b) | 2,825,109 | 3,366,409 | ||||||
China Overseas Land & Investment, Ltd. (b) | 5,769,862 | 15,906,301 | ||||||
China Resources Land, Ltd. (b) | 3,130,000 | 8,749,718 | ||||||
China South City Holdings, Ltd. (b) | 10,966,000 | 1,836,460 | ||||||
Country Garden Holdings Co. (a)(b) | 11,416,910 | 5,706,506 | ||||||
Evergrande Real Estate Group, Ltd. (b) | 5,823,000 | 2,347,908 | ||||||
Franshion Properties China, Ltd. (b) | 1,248,000 | 408,355 | ||||||
Greentown China Holdings, Ltd. (a)(b) | 524,000 | 985,540 |
See accompanying notes to financial statements.
125
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Guangzhou R&F Properties Co., Ltd. (Class H) (b) | 2,047,024 | $ | 3,433,396 | |||||
Hopson Development Holdings, Ltd. (a) | 702,000 | 1,016,467 | ||||||
Kaisa Group Holdings, Ltd. (a)(b) | 1,974,000 | 556,905 | ||||||
KWG Property Holding, Ltd. (b) | 377,500 | 236,343 | ||||||
Longfor Properties Co., Ltd. | 1,293,000 | 2,138,718 | ||||||
Poly Hong Kong Investments, Ltd. (a) | 2,037,000 | 1,288,435 | ||||||
Renhe Commercial Holdings Co., Ltd. (a)(b) | 16,634,000 | 996,414 | ||||||
Shenzhen Investment, Ltd. | 2,470,000 | 989,572 | ||||||
Shimao Property Holdings, Ltd. (b) | 2,380,941 | 4,570,092 | ||||||
Shui On Land, Ltd. (b) | 1,759,000 | 756,837 | ||||||
Sino-Ocean Land Holdings, Ltd. (b) | 6,455,583 | 3,891,986 | ||||||
Soho China, Ltd. (b) | 1,626,500 | 1,357,748 | ||||||
Sunac China Holdings, Ltd. | 1,758,000 | 1,238,786 | ||||||
Yanlord Land Group, Ltd. (a)(b) | 1,882,000 | 2,275,512 | ||||||
Yuexiu Property Co., Ltd. | 9,772,000 | 2,819,821 | ||||||
Yuzhou Properties Co. (b) | 3,727,200 | 907,475 | ||||||
67,781,704 | ||||||||
ROAD & RAIL — 0.2% | ||||||||
Guangshen Railway Co., Ltd. (b) | 4,670,000 | 2,286,075 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.3% | ||||||||
GCL Poly Energy Holdings, Ltd. (b) | 8,298,000 | 1,688,964 | ||||||
Semiconductor Manufacturing International Corp. (a) | 35,530,000 | 2,105,441 | ||||||
3,794,405 | ||||||||
SOFTWARE — 0.2% | ||||||||
AsiaInfo-Linkage, Inc. (a)(b) | 122,217 | 1,450,716 | ||||||
Kingsoft Corp., Ltd. | 897,000 | 825,051 | ||||||
NetDragon Websoft, Inc. (b) | 373,500 | 427,261 | ||||||
2,703,028 | ||||||||
SPECIALTY RETAIL — 1.1% | ||||||||
Belle International Holdings, Ltd. | 5,320,000 | 8,840,795 | ||||||
China ZhengTong Auto Services Holdings, Ltd. (a)(b) | 499,000 | 325,911 | ||||||
GOME Electrical Appliances Holding, Ltd. (a)(b) | 10,757,000 | 1,177,877 | ||||||
Hengdeli Holdings, Ltd. (b) | 4,151,360 | 1,160,487 | ||||||
Zhongsheng Group Holdings, Ltd. (b) | 927,000 | 1,122,529 | ||||||
12,627,599 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.6% | ||||||||
Anta Sports Products, Ltd. (b) | 926,000 | 792,080 | ||||||
Bosideng International Holdings, Ltd. (b) | 5,670,000 | 1,760,314 | ||||||
Cecep Costin New Materials Group, Ltd. | 1,543,000 | 644,022 | ||||||
China Dongxiang Group Co. | 7,672,000 | 1,185,987 | ||||||
Li Ning Co., Ltd. (a)(b) | 1,577,500 | 928,700 | ||||||
Ports Design, Ltd. (b) | 853,500 | 713,573 | ||||||
Shenzhou International Group Holdings, Ltd. | 208,000 | 585,470 | ||||||
6,610,146 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 2.7% | ||||||||
Anhui Expressway Co., Ltd. | 3,118,000 | 1,594,618 | ||||||
Beijing Capital International Airport Co., Ltd. | 3,375,939 | 2,457,158 | ||||||
China Merchants Holdings International Co., Ltd. | 2,215,182 | 7,262,518 | ||||||
COSCO Pacific, Ltd. | 2,868,273 | 4,138,362 | ||||||
Jiangsu Expressway Co., Ltd. (b) | 7,500,795 | 7,507,897 | ||||||
Shenzhen Expressway Co., Ltd. | 4,392,000 | 1,646,438 | ||||||
Shenzhen International Holdings, Ltd. | 7,162,500 | 858,099 | ||||||
Zhejiang Expressway Co., Ltd. (Class H) | 5,020,000 | 3,964,187 | ||||||
29,429,277 | ||||||||
WATER UTILITIES — 0.6% | ||||||||
Beijing Enterprises Water Group, Ltd. | 2,286,000 | 680,265 | ||||||
Guangdong Investment, Ltd. (b) | 6,308,000 | 5,541,994 | ||||||
6,222,259 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 6.8% | ||||||||
China Mobile, Ltd. | 7,075,504 | 74,923,696 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,143,607,692) | 1,097,403,584 | |||||||
RIGHTS — 0.0% (d) | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.0% (d) | ||||||||
Li Ning Co., Ltd. (expiring 4/15/13) (a) (Cost $0) | 798,750 | 110,099 | ||||||
SHORT TERM INVESTMENTS — 13.2% | ||||||||
UNITED STATES — 13.2% | ||||||||
MONEY MARKET FUNDS — 13.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 144,250,283 | 144,250,283 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (f)(g) | 1,068,451 | 1,068,451 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $145,318,734) | 145,318,734 | |||||||
TOTAL INVESTMENTS — 113.2% (h) | ||||||||
(Cost $1,288,926,426) | 1,242,832,417 | |||||||
OTHER ASSETS & LIABILITIES — (13.2)% | (144,848,519 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,097,983,898 | ||||||
See accompanying notes to financial statements.
126
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 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. Securities’ values are 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) |
ADR = American Depositary Receipt
See accompanying notes to financial statements.
127
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
GEOGRAPHICAL BREAKDOWN AS OF
MARCH 31, 2013*
MARCH 31, 2013*
PERCENT OF | ||||
COUNTRY | NET ASSETS | |||
China | 72.6 | % | ||
Hong Kong | 27.4 | |||
United States Short Term Investments | 13.2 | |||
Other Assets And Liabilities | (13.2 | ) | ||
Total | 100.0 | % | ||
See accompanying notes to financial statements.
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SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 97.8% | ||||||||
BRAZIL — 13.5% | ||||||||
All America Latina Logistica SA | 12,447 | $ | 62,348 | |||||
Banco Bradesco SA Preference Shares ADR (a) | 153,450 | 2,611,719 | ||||||
Banco do Brasil SA | 40,461 | 550,824 | ||||||
Banco Santander Brasil SA | 15,835 | 114,737 | ||||||
BM&FBOVESPA SA | 95,168 | 643,783 | ||||||
BR Malls Participacoes SA | 35,044 | 437,279 | ||||||
Bradespar SA Preference Shares | 24,769 | 323,440 | ||||||
Brasil Brokers Participacoes SA | 9,613 | 34,326 | ||||||
Braskem SA Preference Shares ADR (a) | 9,660 | 130,796 | ||||||
BRF — Brasil Foods SA ADR | 26,401 | 583,726 | ||||||
CCR SA | 20,880 | 212,699 | ||||||
Centrais Eletricas Brasileiras SA ADR | 30,938 | 105,808 | ||||||
Cia Hering | 2,423 | 43,380 | ||||||
Cielo SA | 2,770 | 81,780 | ||||||
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares ADR (a) | 12,229 | 651,561 | ||||||
Companhia de Bebidas das Americas Preference Shares ADR | 79,989 | 3,385,934 | ||||||
Companhia de Saneamento Basico do Estado de Sao Paulo (b) | 13,001 | 621,567 | ||||||
Companhia Energetica de Minas Gerais ADR (a) | 46,774 | 554,272 | ||||||
Companhia Energetica de Sao Paulo Preference Shares | 3,040 | 30,681 | ||||||
Companhia Siderurgica Nacional SA ADR (a) | 79,115 | 354,435 | ||||||
Cosan SA Industria e Comercio | 9,796 | 220,275 | ||||||
Cyrela Brazil Realty SA | 27,598 | 237,198 | ||||||
Cyrela Commercial Properties SA Empreendimentos e Participacoes | 2,553 | 31,413 | ||||||
Diagnosticos da America SA | 11,302 | 65,524 | ||||||
Duratex SA | 16,758 | 135,470 | ||||||
Empresa Brasileira de Aeronautica SA | 42,149 | 376,265 | ||||||
Fibria Celulose SA ADR (a)(b) | 15,220 | 183,705 | ||||||
Gafisa SA (b) | 6,690 | 13,404 | ||||||
Gerdau SA ADR | 58,921 | 454,281 | ||||||
Hypermarcas SA (b) | 2,562 | 20,190 | ||||||
Investimentos Itau SA | 50,488 | 360,816 | ||||||
Investimentos Itau SA Preference Shares | 264,676 | 1,384,845 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 168,877 | 3,006,011 | ||||||
JBS SA (b) | 11,060 | 37,299 | ||||||
LLX Logistica SA (b) | 4,744 | 4,941 | ||||||
Lojas Americanas SA Preference Shares | 31,607 | 272,751 | ||||||
Lojas Renner SA | 17,852 | 669,511 | ||||||
Metalurgica Gerdau SA Preference Shares | 30,759 | 297,468 | ||||||
MMX Mineracao e Metalicos SA (b) | 16,176 | 17,730 | ||||||
MRV Engenharia e Participacoes SA | 5,352 | 22,270 | ||||||
Natura Cosmeticos SA | 15,082 | 369,355 | ||||||
OGX Petroleo e Gas Participacoes SA (b) | 54,050 | 61,922 | ||||||
Oi SA ADR (c) | 5,729 | 19,249 | ||||||
Oi SA ADR (a)(c) | 30,292 | 92,088 | ||||||
PDG Realty SA Empreendimentos e Participacoes | 35,519 | 54,784 | ||||||
Petroleo Brasileiro SA ADR | 77,846 | 1,289,908 | ||||||
Petroleo Brasileiro SA ADR | 107,108 | 1,944,010 | ||||||
Souza Cruz SA | 49,786 | 729,377 | ||||||
Telefonica Brasil SA ADR | 11,129 | 296,922 | ||||||
Telefonica Brasil SA Preference Shares | 27,852 | 745,216 | ||||||
Tim Participacoes SA ADR | 12,252 | 268,074 | ||||||
Tractebel Energia SA ADR | 12,416 | 214,176 | ||||||
Usinas Siderurgicas de Minas Gerais SA ADR (b) | 46,298 | 247,754 | ||||||
Vale SA ADR (a) | 98,320 | 1,699,953 | ||||||
Vale SA Preference Shares ADR | 149,069 | 2,464,111 | ||||||
Weg SA | 24,488 | 316,248 | ||||||
30,159,609 | ||||||||
CHILE — 2.4% | ||||||||
Antarchile SA | 17,542 | 284,465 | ||||||
Compania General de Electricidad SA | 42,142 | 265,314 | ||||||
Empresa Electrica Pilmaiquen | 21,382 | 99,669 | ||||||
Empresa Nacional de Electricidad SA ADR | 9,110 | 483,559 | ||||||
Empresas COPEC SA | 40,394 | 586,451 | ||||||
Empresas Iansa SA | 433,685 | 32,525 | ||||||
Enersis SA ADR | 33,470 | 643,963 | ||||||
Enjoy SA | 188,063 | 46,642 | ||||||
Latam Airlines Group SA, ADR (a) | 23,357 | 507,781 | ||||||
Madeco SA | 919,864 | 38,023 | ||||||
Multiexport Foods SA | 171,105 | 55,131 | ||||||
Parque Arauco SA | 225,875 | 583,660 | ||||||
SACI Falabella | 122,427 | 1,474,055 | ||||||
Socovesa SA | 73,328 | 36,528 | ||||||
Vina Concha y Toro SA ADR | 5,979 | 233,181 | ||||||
5,370,947 | ||||||||
CHINA — 13.8% | ||||||||
Agricultural Bank of China, Ltd. (a) | 502,000 | 240,567 | ||||||
Air China, Ltd. | 204,000 | 181,330 | ||||||
Aluminum Corp. of China, Ltd. (a)(b) | 340,000 | 130,960 | ||||||
Angang Steel Co., Ltd. (a)(b) | 70,640 | 38,675 | ||||||
Anhui Conch Cement Co., Ltd. (a) | 204,000 | 676,702 | ||||||
Baidu, Inc. ADR (a)(b) | 20,822 | 1,826,089 | ||||||
Bank of China, Ltd. | 2,689,900 | 1,247,466 | ||||||
Bank of Communications Co., Ltd. (a) | 543,864 | 407,058 | ||||||
Brilliance China Automotive Holdings, Ltd. (b) | 150,000 | 176,229 | ||||||
China Citic Bank Corp., Ltd. (a) | 380,000 | 228,118 | ||||||
China Coal Energy Co., Ltd (a) | 340,000 | 303,092 | ||||||
China Communications Construction Co., Ltd. (Class H) | 311,000 | 289,260 | ||||||
China Construction Bank Corp. | 3,415,280 | 2,789,366 | ||||||
China COSCO Holdings Co., Ltd. (a)(b) | 238,425 | 112,415 | ||||||
China Fangda Group Co., Ltd. (b) | 100,300 | 35,403 | ||||||
China Life Insurance Co., Ltd. | 582,000 | 1,506,985 | ||||||
China Merchants Bank Co., Ltd. | 290,645 | 615,538 | ||||||
China National Building Material Co., Ltd. (a) | 60,000 | 75,515 |
See accompanying notes to financial statements.
129
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
China Oilfield Services, Ltd. | 272,000 | $ | 569,744 | |||||
China Petroleum & Chemical Corp. | 1,314,000 | 1,547,147 | ||||||
China Railway Construction Corp. (Class H) | 170,000 | 161,182 | ||||||
China Railway Group, Ltd. | 306,000 | 155,707 | ||||||
China Shenhua Energy Co., Ltd. | 272,000 | 988,116 | ||||||
China Shipping Container Lines Co., Ltd. (a)(b) | 548,350 | 148,343 | ||||||
China Shipping Development Co., Ltd. (a) | 136,000 | 66,050 | ||||||
China Telecom Corp., Ltd. | 1,226,000 | 617,529 | ||||||
China Wireless Technologies, Ltd. | 88,000 | 28,908 | ||||||
Chongqing Machinery & Electric Co., Ltd. | 50,000 | 7,085 | ||||||
Ctrip.com International, Ltd. ADR (a)(b) | 13,746 | 293,890 | ||||||
Datang International Power Generation Co., Ltd. | 408,000 | 180,279 | ||||||
Dongfang Electric Corp., Ltd. (a) | 13,600 | 22,530 | ||||||
Dongfeng Motor Group Co., Ltd. | 340,000 | 477,414 | ||||||
Focus Media Holding, Ltd. ADR (a) | 7,669 | 205,606 | ||||||
Great Wall Motor Co., Ltd. (Class H) (a) | 54,250 | 183,800 | ||||||
Guangdong Electric Power Development Co. Ltd. | 79,000 | 50,885 | ||||||
Guangshen Railway Co., Ltd. | 272,000 | 133,150 | ||||||
Guangzhou Automobile Group Co., Ltd. (a) | 156,636 | 132,571 | ||||||
Guangzhou R&F Properties Co., Ltd. (Class H) (a) | 122,400 | 205,297 | ||||||
Harbin Electric Co., Ltd. | 68,000 | 55,275 | ||||||
Hengan International Group Co., Ltd. | 5,000 | 48,920 | ||||||
Huadian Power International Co. (b) | 408,000 | 193,419 | ||||||
Huaneng Power International, Inc. | 340,000 | 362,660 | ||||||
Huangshan Tourism Development Co., Ltd. | 31,400 | 46,221 | ||||||
Industrial & Commercial Bank of China | 3,216,590 | 2,254,159 | ||||||
Jiangsu Expressway Co., Ltd. (a) | 206,000 | 206,195 | ||||||
Jiangsu Future Land Co., Ltd. | 80,700 | 63,672 | ||||||
Jiangxi Copper Co., Ltd. (Class H) | 70,000 | 154,561 | ||||||
Konka Group Co., Ltd. | 311,500 | 103,129 | ||||||
Maanshan Iron & Steel (a)(b) | 204,000 | 53,085 | ||||||
Mindray Medical International, Ltd. ADR | 652 | 26,041 | ||||||
NetEase, Inc. ADR | 8,112 | 444,294 | ||||||
New Oriental Education & Technology Group, Inc. ADR | 5,090 | 91,620 | ||||||
Nine Dragons Paper Holdings, Ltd. (a) | 102,000 | 95,789 | ||||||
Parkson Retail Group, Ltd. | 84,634 | 50,371 | ||||||
PetroChina Co., Ltd. | 1,496,000 | 1,961,866 | ||||||
PICC Property & Casualty Co., Ltd. | 291,200 | 374,004 | ||||||
Ping An Insurance Group Co. of China, Ltd. | 96,000 | 744,488 | ||||||
Semiconductor Manufacturing International Corp. (b) | 1,152,000 | 68,265 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. (a) | 96,000 | 86,939 | ||||||
Shanghai Dajiang Group, Class B (b) | 268,201 | 76,706 | ||||||
Shanghai Electric Group Co., Ltd. (a) | 340,000 | 132,274 | ||||||
Shanghai Jinjiang International Industrial Investment Co. Ltd. | 37,400 | 29,845 | ||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. | 74,934 | 71,787 | ||||||
Shenzhen Expressway Co., Ltd. | 272,000 | 101,965 | ||||||
Sina Corp. (b) | 3,894 | 189,209 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. | 272,000 | 119,485 | ||||||
Suntech Power Holdings Co., Ltd. ADR (a)(b) | 6,595 | 2,572 | ||||||
Tencent Holdings, Ltd. | 101,700 | 3,233,375 | ||||||
Tingyi Cayman Islands Holding Corp. (a) | 204,000 | 532,164 | ||||||
Travelsky Technology, Ltd. | 247,000 | 162,595 | ||||||
Want Want China Holdings, Ltd. | 376,000 | 576,401 | ||||||
Weiqiao Textile Co. (a) | 85,500 | 47,582 | ||||||
Yanzhou Coal Mining Co., Ltd. (a) | 204,000 | 274,886 | ||||||
Zhejiang Expressway Co., Ltd. (Class H) | 272,000 | 214,793 | ||||||
Zhejiang Southeast Electric Power Co. | 201,500 | 149,513 | ||||||
Zhuzhou CSR Times Electric Co., Ltd. (a) | 24,000 | 68,018 | ||||||
Zijin Mining Group Co., Ltd. (a) | 411,000 | 135,541 | ||||||
ZTE Corp. (a) | 89,273 | 154,104 | ||||||
30,813,789 | ||||||||
COLOMBIA — 0.6% | ||||||||
Almacenes Exito SA | 3,848 | 69,466 | ||||||
Bancolombia SA | 10,706 | 168,672 | ||||||
BanColombia SA ADR | 3,886 | 245,790 | ||||||
Bolsa de Valores de Colombia | 6,989,107 | 115,848 | ||||||
Empresa de Telecomunicaciones de Bogota (b) | 202,992 | 45,862 | ||||||
Fabricato SA (b)(d) | 1,263,333 | 13,822 | ||||||
Grupo Argos SA | 3,103 | 36,937 | ||||||
Grupo Aval Acciones y Valores (d) | 245,418 | 169,833 | ||||||
Grupo Nutresa SA | 3,864 | 54,958 | ||||||
Grupo Odinsa SA | 16,905 | 92,293 | ||||||
Interbolsa SA/Colombia (b)(d) | 52,588 | 0 | ||||||
Interconexion Electrica SA ESP | 15,615 | 76,879 | ||||||
Isagen SA ESP | 68,843 | 95,657 | ||||||
Tableros y Maderas de Caldas SA | 25,152,373 | 108,700 | ||||||
1,294,717 | ||||||||
CZECH REPUBLIC — 0.4% | ||||||||
CEZ AS | 14,170 | 415,658 | ||||||
Komercni Banka AS | 1,492 | 285,500 | ||||||
Telefonica O2 Czech Republic AS | 9,967 | 150,531 | ||||||
Unipetrol (b) | 10,098 | 86,019 | ||||||
937,708 | ||||||||
EGYPT — 0.5% | ||||||||
Commercial International Bank Egypt SAE | 92,019 | 414,170 | ||||||
Egyptian Financial Group-Hermes Holding (b) | 40,116 | 59,263 | ||||||
Egyptian Kuwait Holding Co. | 41,882 | 50,259 | ||||||
Orascom Construction Industries (b) | 11,563 | 409,997 | ||||||
Orascom Telecom Holding SAE (b) | 49,368 | 32,002 |
See accompanying notes to financial statements.
130
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Orascom Telecom Holding SAE GDR (b)(e) | 1,279 | $ | 4,067 | |||||
Orascom Telecom Holding SAE GDR (b) | 28,985 | 92,172 | ||||||
Orascom Telecom Media & Technology Holding SAE | 45,843 | 4,852 | ||||||
1,066,782 | ||||||||
HONG KONG — 5.9% | ||||||||
AAC Technologies Holdings, Inc. | 136,000 | 653,488 | ||||||
Agile Property Holdings, Ltd. (a) | 204,000 | 243,087 | ||||||
Beijing Capital International Airport Co., Ltd. | 204,000 | 148,480 | ||||||
Belle International Holdings, Ltd. | 94,000 | 156,210 | ||||||
Chailease Holding Co., Ltd. | 9,000 | 24,951 | ||||||
Chaoda Modern Agriculture Holdings, Ltd. (a)(b)(f) | 136,550 | 0 | ||||||
China High Speed Transmission Equipment Group Co., Ltd. (a)(b) | 39,000 | 18,338 | ||||||
China Mengniu Dairy Co., Ltd. | 102,000 | 293,018 | ||||||
China Merchants Holdings International Co., Ltd. | 75,709 | 248,213 | ||||||
China Mobile Games & Entertainment Group, Ltd. ADR (b) | 76 | 682 | ||||||
China Mobile, Ltd. | 369,500 | 3,912,697 | ||||||
China Overseas Land & Investment, Ltd. (a) | 275,200 | 758,669 | ||||||
China Power International Development, Ltd. (a) | 340,000 | 109,499 | ||||||
China Resources Enterprise, Ltd. | 68,000 | 201,478 | ||||||
China Resources Land, Ltd. (a) | 136,000 | 380,179 | ||||||
China Resources Power Holdings Co., Ltd. | 141,600 | 424,108 | ||||||
China Travel International Investment Hong Kong, Ltd. | 340,000 | 66,137 | ||||||
China Unicom (Hong Kong), Ltd. (a) | 277,668 | 372,005 | ||||||
China Yurun Food Group, Ltd. (a)(b) | 12,000 | 8,224 | ||||||
Citic Pacific, Ltd. (a) | 68,000 | 88,300 | ||||||
CNOOC, Ltd. | 1,117,000 | 2,146,901 | ||||||
Comba Telecom Systems Holdings, Ltd. (a) | 36,780 | 12,461 | ||||||
COSCO Pacific, Ltd. | 139,123 | 200,727 | ||||||
Digital China Holdings, Ltd. | 36,000 | �� | 48,695 | |||||
Guangdong Investment, Ltd. (a) | 274,000 | 240,727 | ||||||
Hengdeli Holdings, Ltd. (a) | 816,000 | 228,108 | ||||||
Kingboard Chemical Holdings, Ltd. | 54,450 | 155,017 | ||||||
Kingboard Laminates Holdings, Ltd. | 39,500 | 17,403 | ||||||
Kunlun Energy Co., Ltd. | 340,000 | 722,691 | ||||||
KWG Property Holding, Ltd. | 62,000 | 38,817 | ||||||
Lenovo Group, Ltd. | 476,000 | 472,771 | ||||||
Li Ning Co., Ltd. (a)(b) | 68,000 | 40,033 | ||||||
Real Nutriceutical Group, Ltd. (a) | 24,000 | 5,905 | ||||||
Shimao Property Holdings, Ltd. | 102,000 | 195,784 | ||||||
Sino Biopharmaceutical | 124,000 | 86,579 | ||||||
Sino-Ocean Land Holdings, Ltd. (a) | 244,186 | 147,217 | ||||||
Sinotrans, Ltd. | 340,000 | 70,955 | ||||||
Tianneng Power International, Ltd. | 22,000 | 14,709 | ||||||
VODone, Ltd. | 120,200 | 8,826 | ||||||
Wasion Group Holdings, Ltd. | 18,000 | 10,319 | ||||||
Yuexiu Property Co., Ltd. | 476,000 | 137,355 | ||||||
Yuexiu Transport Infrastructure, Ltd. | 1,258 | 658 | ||||||
13,110,421 | ||||||||
HUNGARY — 0.4% | ||||||||
MOL Hungarian Oil and Gas NyRt | 4,738 | 333,662 | ||||||
OTP Bank NyRt | 19,160 | 346,316 | ||||||
Richter Gedeon NyRt | 1,638 | 229,495 | ||||||
909,473 | ||||||||
INDIA — 8.0% | ||||||||
Adani Enterprises, Ltd. | 974 | 3,624 | ||||||
Alok Industries Ltd. | 241,131 | 36,380 | ||||||
Ambuja Cements, Ltd. | 13,957 | 44,735 | ||||||
Ambuja Cements, Ltd. GDR | 17,217 | 55,008 | ||||||
Amtek Auto, Ltd. | 7,909 | 9,335 | ||||||
Anant Raj, Ltd. | 54,397 | 62,854 | ||||||
Apollo Hospitals Enterprise, Ltd. | 4,856 | 74,953 | ||||||
Ashok Leyland, Ltd. | 29,202 | 11,740 | ||||||
Aurobindo Pharma, Ltd. | 7,914 | 21,252 | ||||||
Axis Bank, Ltd. | 6,032 | 144,357 | ||||||
Bajaj Hindusthan, Ltd. | 83,046 | 28,955 | ||||||
Bajaj Holdings and Investment, Ltd. | 2,755 | 46,239 | ||||||
Balrampur Chini Mills, Ltd. (b) | 41,369 | 33,187 | ||||||
BF Investment, Ltd. (b) | 9,745 | 7,584 | ||||||
Bharat Heavy Electricals, Ltd. | 63,137 | 205,616 | ||||||
Bharti Airtel, Ltd. | 123,499 | 662,941 | ||||||
Biocon, Ltd. | 2,194 | 11,047 | ||||||
Britannia Industries Ltd. | 4,146 | 40,045 | ||||||
Cipla, Ltd. | 43,096 | 301,117 | ||||||
Core Education & Technologies, Ltd. | 9,243 | 8,733 | ||||||
Development Credit Bank Ltd. (b) | 114,411 | 90,518 | ||||||
Dewan Housing Finance Corp., Ltd. | 14,224 | 42,423 | ||||||
Dr. Reddy’s Laboratories, Ltd. ADR | 12,618 | 408,192 | ||||||
Educomp Solutions, Ltd. | 17,141 | 19,806 | ||||||
Era Infra Engineering, Ltd. | 3,285 | 8,120 | ||||||
Fortis Healthcare, Ltd. (b) | 22,522 | 41,542 | ||||||
GAIL India, Ltd. | 47,417 | 277,653 | ||||||
Gammon India, Ltd. | 2,919 | 1,238 | ||||||
Gateway Distriparks, Ltd. | 13,476 | 30,696 | ||||||
Godrej Industries, Ltd. | 23,161 | 125,329 | ||||||
Grasim Industries, Ltd. GDR (c) | 180 | 9,317 | ||||||
Grasim Industries, Ltd. GDR (c) | 803 | 41,595 | ||||||
Gruh Finance Ltd. | 18,947 | 73,313 | ||||||
GTL Infrastructure Ltd. (b) | 318,734 | 15,541 | ||||||
GTL, Ltd. (b) | 2,066 | 565 | ||||||
Gujarat NRE Coke, Ltd. | 13,506 | 4,162 | ||||||
GVK Power & Infrastructure, Ltd. (b) | 119,356 | 20,094 | ||||||
HCL Technologies, Ltd. | 12,128 | 177,401 | ||||||
HDFC Bank, Ltd. | 90,585 | 1,042,269 | ||||||
Hero Motocorp, Ltd. | 13,796 | 391,416 | ||||||
Hindalco Industries, Ltd. | 43,925 | 74,030 | �� | |||||
Hindustan Construction Co. (b) | 14,843 | 3,728 | ||||||
Hindustan Unilever, Ltd. | 109,485 | 940,644 | ||||||
Housing Development & Infrastructure, Ltd. (b) | 12,538 | 10,658 | ||||||
Housing Development Finance Corp., Ltd. | 93,693 | 1,424,358 | ||||||
ICICI Bank, Ltd. ADR | 19,584 | 840,154 | ||||||
IDFC, Ltd. | 37,497 | 99,072 | ||||||
India Infoline, Ltd. | 169,679 | 189,347 |
See accompanying notes to financial statements.
131
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Indiabulls Infrastructure & Power, Ltd. (b) | 49,183 | $ | 4,072 | |||||
Indiabulls Real Estate, Ltd. (b) | 18,012 | 18,078 | ||||||
Indian Hotels Co., Ltd. | 59,274 | 58,402 | ||||||
Infosys Technologies, Ltd. ADR (a) | 34,099 | 1,838,277 | ||||||
IRB Infrastructure Developers, Ltd. | 3,894 | 8,128 | ||||||
ITC, Ltd. GDR (c)(e) | 45,359 | 258,261 | ||||||
ITC, Ltd. GDR (c) | 3,032 | 17,264 | ||||||
IVRCL Infrastructures & Projects, Ltd. (b) | 15,213 | 5,388 | ||||||
Jain Irrigation Systems, Ltd. (c) | 10,339 | 11,671 | ||||||
Jain Irrigation Systems, Ltd. (c) | 461 | 252 | ||||||
Jaiprakash Associates, Ltd. | 55,605 | 66,961 | ||||||
Jet Airways India, Ltd. (b) | 12,267 | 116,892 | ||||||
Jindal Steel & Power, Ltd. | 5,105 | 32,664 | ||||||
Lanco Infratech, Ltd. (b) | 31,019 | 5,879 | ||||||
Larsen & Toubro, Ltd. GDR (a) | 13,961 | 350,421 | ||||||
LIC Housing Finance, Ltd. | 13,635 | 56,422 | ||||||
Mahanagar Telephone Nigam (b) | 46,021 | 15,580 | ||||||
Mahindra & Mahindra Financial Services, Ltd. | 12,295 | 44,113 | ||||||
Mahindra & Mahindra, Ltd. GDR | 23,916 | 381,221 | ||||||
Maruti Suzuki India, Ltd. | 10,406 | 245,302 | ||||||
Monnet Ispat, Ltd. | 5,461 | 20,055 | ||||||
MRF, Ltd. | 120 | 26,433 | ||||||
Nagarjuna Construction Co., Ltd. | 10,226 | 6,247 | ||||||
Oil & Natural Gas Corp., Ltd. | 123,387 | 706,950 | ||||||
OnMobile Global, Ltd. | 3,167 | 2,074 | ||||||
Opto Circuits India, Ltd. | 4,889 | 5,393 | ||||||
OVANITC, Ltd. | 6,748 | 38,421 | ||||||
PTC India, Ltd. | 39,663 | 43,750 | ||||||
Punj Lloyd, Ltd. | 11,063 | 11,348 | ||||||
REI Agro, Ltd. | 37,593 | 6,986 | ||||||
Reliance Capital, Ltd. | 5,458 | 31,402 | ||||||
Reliance Communications, Ltd. | 67,127 | 68,300 | ||||||
Reliance Industries, Ltd. GDR (e) | 54,047 | 1,539,259 | ||||||
Reliance Infrastructure, Ltd. | 16,041 | 95,759 | ||||||
Rolta India, Ltd. | 5,105 | 6,190 | ||||||
Ruchi Soya Industries Ltd. | 29,160 | 33,586 | ||||||
Satyam Computer Services, Ltd. (b) | 39,053 | 92,261 | ||||||
SE Investments Ltd. | 24,673 | 175,616 | ||||||
Sesa Goa, Ltd. | 22,504 | 64,386 | ||||||
Shree Renuka Sugars, Ltd. (b) | 65,970 | 26,946 | ||||||
Shriram Transport Finance Co. Ltd. | 3,559 | 45,475 | ||||||
Siemens India, Ltd. | 14,623 | 147,616 | ||||||
Sintex Industries, Ltd. | 36,848 | 31,221 | ||||||
State Bank of India GDR | 3,165 | 263,803 | ||||||
Strides Arcolab, Ltd. | 2,090 | 33,532 | ||||||
Sun TV Network, Ltd. | 4,856 | 34,890 | ||||||
Suzlon Energy, Ltd. (b) | 298,585 | 74,715 | ||||||
Tata Communications Ltd. | 10,911 | 46,967 | ||||||
Tata Consultancy Services, Ltd. | 29,735 | 862,096 | ||||||
Tata Motors, Ltd. ADR | 16,341 | 398,884 | ||||||
Tata Power Co., Ltd. | 137,480 | 244,100 | ||||||
Tata Steel, Ltd. | 23,250 | 133,832 | ||||||
Ultratech Cement, Ltd. GDR | 369 | 12,689 | ||||||
Unitech, Ltd. (b) | 101,750 | 44,089 | ||||||
United Breweries, Ltd. | 3,411 | 43,907 | ||||||
United Spirits, Ltd. | 3,552 | 124,117 | ||||||
Videocon Industries, Ltd. | 17,575 | 65,805 | ||||||
VST Industries Ltd. | 1,276 | 35,591 | ||||||
Wipro, Ltd. ADR (a) | 34,234 | 345,763 | ||||||
Wockhardt Ltd. (b) | 1,148 | 42,357 | ||||||
Zee Entertainment Enterprises, Ltd. | 26,772 | 103,665 | ||||||
17,884,607 | ||||||||
INDONESIA — 3.7% | ||||||||
Agis Tbk PT (b) | 421,500 | 19,736 | ||||||
Astra International Tbk PT | 2,035,500 | 1,654,793 | ||||||
Bank Central Asia Tbk PT | 1,210,000 | 1,419,501 | ||||||
Bank Danamon Indonesia Tbk PT | 291,218 | 193,296 | ||||||
Bank Mandiri Tbk PT | 721,449 | 742,422 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 1,103,000 | 993,182 | ||||||
Barito Pacific Tbk PT (b) | 576,000 | 25,784 | ||||||
Bumi Resources Tbk PT | 1,040,500 | 73,882 | ||||||
BW Plantation Tbk PT | 235,000 | 32,164 | ||||||
Garuda Indonesia Tbk PT (b) | 772,000 | 51,639 | ||||||
Indofood Sukses Makmur Tbk PT | 759,000 | 581,894 | ||||||
Indosat Tbk PT | 153,000 | 102,341 | ||||||
Kalbe Farma Tbk PT | 4,193,000 | 535,047 | ||||||
Lippo Karawaci Tbk PT | 343,500 | 48,428 | ||||||
Mayora Indah Tbk PT | 18,500 | 51,593 | ||||||
Medco Energi Internasional Tbk PT | 396,500 | 66,100 | ||||||
Perusahaan Gas Negara Persero Tbk PT | 872,000 | 533,923 | ||||||
Telekomunikasi Indonesia Tbk PT | 442,500 | 500,900 | ||||||
Tiga Pilar Sejahtera Food Tbk | 360,000 | 47,420 | ||||||
United Tractors Tbk PT | 253,318 | 474,442 | ||||||
XL Axiata Tbk PT | 39,000 | 21,070 | ||||||
8,169,557 | ||||||||
MALAYSIA — 3.5% | ||||||||
Aeon Co. M Bhd | 256,400 | 1,044,976 | ||||||
Aeon Credit Service M Bhd | 6,500 | 27,331 | ||||||
AirAsia Bhd | 72,400 | 66,169 | ||||||
Alliance Financial Group Bhd | 277,800 | 394,743 | ||||||
Berjaya Sports Toto Bhd | 131,306 | 174,707 | ||||||
Bintulu Port Holdings Bhd (d) | 94 | 213 | ||||||
Bursa Malaysia Bhd | 57,293 | 128,592 | ||||||
Carlsberg Brewery Malay Bhd | 371,697 | 1,656,522 | ||||||
Dialog Group Bhd | 704,809 | 537,171 | ||||||
Digi.Com Bhd | 358,600 | 536,192 | ||||||
Genting Bhd | 217,000 | 702,193 | ||||||
Genting Malaysia Bhd | 28,800 | 33,669 | ||||||
Guan Chong Bhd | 43,600 | 25,063 | ||||||
IGB Corp. Bhd | 295,653 | 214,829 | ||||||
IOI Corp. Bhd | 342,460 | 517,589 | ||||||
KNM Group Bhd (b) | 237,018 | 36,358 | ||||||
Malaysian Airline System Bhd (b) | 320,700 | 79,230 | ||||||
Malaysian Resources Corp. Bhd | 390,900 | 180,522 | ||||||
Multi-Purpose Holdings Bhd | 206,660 | 241,598 | ||||||
Naim Holdings Bhd | 87 | 61 | ||||||
OSK Holdings Bhd | 342,306 | 162,503 | ||||||
OSK Ventures International Bhd | 38,900 | 4,271 | ||||||
SP Setia Bhd | 20,800 | 22,167 | ||||||
TA Enterprise Bhd | 353,000 | 58,140 | ||||||
TA Global Bhd | 143,240 | 11,333 | ||||||
TA Global Bhd Preference Shares | 136,426 | 10,574 | ||||||
Tebrau Teguh Bhd (b) | 25,200 | 11,800 |
See accompanying notes to financial statements.
132
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
UEM Land Holdings Bhd (b) | 559,488 | $ | 493,267 | |||||
Unisem M Bhd | 22,000 | 6,323 | ||||||
WCT Bhd | 419,170 | 322,178 | ||||||
7,700,284 | ||||||||
MEXICO — 6.7% | ||||||||
Alfa SAB de CV (Class A) | 361,401 | 883,355 | ||||||
America Movil SAB de CV (a) | 2,813,737 | 2,984,956 | ||||||
Axtel SAB de CV (b) | 110,681 | 33,637 | ||||||
Cemex SAB de CV (a)(b) | 661,690 | 805,988 | ||||||
Coca-Cola Femsa SAB de CV | 42,254 | 684,843 | ||||||
Consorcio ARA SAB de CV (b) | 109,973 | 44,919 | ||||||
Corporacion GEO SAB de CV (a)(b) | 46,695 | 28,155 | ||||||
Desarrolladora Homex SAB de CV (a)(b) | 20,534 | 31,069 | ||||||
Empresas ICA SAB de CV (b) | 45,087 | 150,581 | ||||||
Fomento Economico Mexicano SAB de CV | 151,483 | 1,706,081 | ||||||
Grupo Aeroportuario del Sureste SAB de CV (a) | 43,572 | 592,606 | ||||||
Grupo Bimbo SAB de CV (a) | 216,023 | 691,356 | ||||||
Grupo Elektra SA de CV | 3,417 | 134,765 | ||||||
Grupo Financiero Banorte SAB de CV | 105,894 | 846,867 | ||||||
Grupo Financiero Inbursa SA (a) | 84,876 | 247,836 | ||||||
Grupo Mexico SAB de CV | 229,576 | 928,228 | ||||||
Grupo Modelo SAB de CV (a) | 56,238 | 510,233 | ||||||
Grupo Televisa SA de CV (Series CPO) (a) | 128,467 | 682,463 | ||||||
Impulsora Del Desarrollo Y El Empleo en America Latina SA de CV (b) | 114,487 | 247,547 | ||||||
Industrias CH SAB, Series B (a)(b) | 29,419 | 256,373 | ||||||
Industrias Penoles SA de CV | 10,201 | 484,804 | ||||||
Kimberly-Clark de Mexico SAB de CV | 177,871 | 621,438 | ||||||
Sare Holding SAB de CV (Class B) (a)(b) | 130,764 | 6,369 | ||||||
TV Azteca SAB de CV (a) | 252,996 | 179,611 | ||||||
Urbi Desarrollos Urbanos SA de CV (a)(b) | 49,271 | 12,698 | ||||||
Wal-Mart de Mexico SAB de CV | 372,580 | 1,219,876 | ||||||
15,016,654 | ||||||||
MOROCCO — 0.4% | ||||||||
Banque Marocaine du Commerce Exterieur | 18,965 | 373,137 | ||||||
Banque Marocaine pour le Commerce et l’Industrie SA | 1,671 | 151,795 | ||||||
Douja Promotion Groupe Addoha SA | 11,521 | 78,910 | ||||||
Holcim Maroc SA | 1,008 | 174,875 | ||||||
778,717 | ||||||||
PERU — 1.1% | ||||||||
Compania de Minas Buenaventura SA ADR | 19,321 | 501,573 | ||||||
Credicorp, Ltd. | 6,590 | 1,094,270 | ||||||
Southern Copper Corp. (a) | 17,313 | 650,449 | ||||||
Volcan Compania Minera SAA (Class B) | 267,473 | 228,230 | ||||||
2,474,522 | ||||||||
PHILIPPINES — 1.4% | ||||||||
Ayala Land, Inc. | 880,680 | 705,666 | ||||||
Bank of the Philippine Islands | 281,348 | 758,350 | ||||||
BDO Unibank, Inc. (b) | 224,854 | 494,502 | ||||||
Cebu Air, Inc. | 95,440 | 159,028 | ||||||
Cebu Holdings, Inc. | 485,500 | 54,962 | ||||||
East West Banking Corp. (b) | 53,500 | 43,786 | ||||||
Filinvest Land, Inc. | 4,053,000 | 196,642 | ||||||
First Philippine Holdings Corp. | 26,840 | 69,057 | ||||||
GMA Holdings, Inc. | 235,400 | 57,336 | ||||||
Megawide Construction Corp. | 161,400 | 71,584 | ||||||
Philippine Long Distance Telephone Co. | 6,765 | 495,315 | ||||||
3,106,228 | ||||||||
POLAND — 0.9% | ||||||||
Asseco Poland SA | 5,639 | 72,818 | ||||||
Bank Pekao SA | 10,297 | 497,050 | ||||||
Bioton SA (b) | 236,636 | 3,638 | ||||||
BRE Bank SA (b) | 1,666 | 175,182 | ||||||
Getin Holding SA (b) | 20,707 | 17,317 | ||||||
Getin Noble Bank SA (b) | 56,250 | 30,266 | ||||||
Globe Trade Centre SA (b) | 12,637 | 29,723 | ||||||
Grupa Lotos SA (b) | 7,693 | 96,741 | ||||||
KGHM Polska Miedz SA | 11,028 | 535,048 | ||||||
Orbis SA | 5,276 | 58,382 | ||||||
Polimex- Mostostal SA (b) | 49,351 | 5,614 | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA | 32,910 | 349,595 | ||||||
Rovese SA (b) | 58,845 | 24,425 | ||||||
Telekomunikacja Polska SA | 67,521 | 138,469 | ||||||
2,034,268 | ||||||||
RUSSIA — 7.4% | ||||||||
Evraz PLC | 13,828 | 46,614 | ||||||
Gazprom OAO ADR | 416,548 | 3,584,745 | ||||||
Integra Group Holdings GDR (b) | 7,614 | 2,855 | ||||||
LSR Group OJSC GDR (c) | 5,020 | 21,487 | ||||||
LSR Group OJSC GDR (c) | 2,717 | 11,630 | ||||||
Lukoil OAO ADR | 46,658 | 3,017,580 | ||||||
Mechel OAO ADR (a) | 18,121 | 91,871 | ||||||
MMC Norilsk Nickel OJSC ADR | 63,651 | 1,076,913 | ||||||
Mobile TeleSystems ADR | 55,665 | 1,156,167 | ||||||
Mobile Telesystems OJSC | 14,016 | 124,643 | ||||||
NovaTek OAO GDR | 11,046 | 1,190,192 | ||||||
Novolipetsk Steel OJSC GDR (c) | 1,272 | 20,146 | ||||||
Novolipetsk Steel OJSC GDR (c) | 680 | 10,770 | ||||||
Novorossiysk Commercial Sea Trade Port PJSC GDR (c) | 2,522 | 20,945 | ||||||
Novorossiysk Commercial Sea Trade Port PJSC GDR (c) | 1,067 | 8,801 | ||||||
Pharmstandard GDR (b) | 4,024 | 83,096 | ||||||
Polymetal International PLC | 7,068 | 92,996 | ||||||
Rosneft Oil Co. GDR | 150,172 | 1,154,322 | ||||||
Rostelecom ADR | 6,287 | 149,053 | ||||||
Sberbank of Russia ADR | 91,613 | 1,170,316 | ||||||
Severstal GDR | 32,331 | 289,330 | ||||||
Sistema JSFC GDR | 8,594 | 158,642 | ||||||
Surgutneftegas OJSC ADR (a) | 169,080 | 1,511,032 | ||||||
Tatneft ADR | 19,694 | 787,827 | ||||||
TMK OAO GDR | 2,936 | 35,748 | ||||||
Uralkali OJSC GDR | 5,018 | 185,593 |
See accompanying notes to financial statements.
133
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
VimpelCom, Ltd. ADR | 34,156 | $ | 406,115 | |||||
VTB Bank OJSC GDR (e) | 48,154 | 151,371 | ||||||
X5 Retail Group NV GDR (b) | 2,391 | 40,169 | ||||||
16,600,969 | ||||||||
SOUTH AFRICA — 8.6% | ||||||||
ABSA Group, Ltd. (a) | 23,027 | 389,035 | ||||||
Adcock Ingram Holdings, Ltd. (a) | 7,190 | 47,484 | ||||||
Adcorp Holdings, Ltd. | 32,449 | 107,875 | ||||||
Afgri, Ltd. | 170,894 | 99,655 | ||||||
African Bank Investments, Ltd. (a) | 94,627 | 312,417 | ||||||
African Rainbow Minerals, Ltd. | 7,105 | 146,616 | ||||||
Allied Electronics Corp., Ltd. Preference Shares | 39,584 | 89,743 | ||||||
Anglo Platinum, Ltd. (a)(b) | 1,940 | 80,810 | ||||||
AngloGold Ashanti, Ltd. | 17,097 | 400,830 | ||||||
Aquarius Platinum, Ltd. (a)(b) | 28,391 | 20,477 | ||||||
ArcelorMittal South Africa, Ltd. (b) | 13,274 | 41,148 | ||||||
Aspen Pharmacare Holdings, Ltd. (b) | 36,956 | 769,335 | ||||||
Aveng, Ltd. | 38,313 | 134,761 | ||||||
Barloworld, Ltd. | 16,390 | 171,217 | ||||||
Bidvest Group, Ltd. | 24,030 | 634,797 | ||||||
Business Connexion Group, Ltd. | 141,043 | 89,320 | ||||||
Coronation Fund Managers, Ltd. | 100,504 | 525,829 | ||||||
Discovery Holdings, Ltd. | 21,591 | 184,129 | ||||||
FirstRand, Ltd. | 181,724 | 637,805 | ||||||
Gold Fields, Ltd. | 38,117 | 292,075 | ||||||
Grindrod, Ltd. | 64,485 | 140,575 | ||||||
Group Five, Ltd. | 18,313 | 71,859 | ||||||
Harmony Gold Mining Co., Ltd. | 15,426 | 99,388 | ||||||
Impala Platinum Holdings, Ltd. (a) | 27,403 | 405,021 | ||||||
Imperial Holdings, Ltd. (a) | 12,652 | 289,917 | ||||||
Investec, Ltd. | 13,965 | 97,814 | ||||||
Invicta Holdings, Ltd. | 39,105 | 434,763 | ||||||
JD Group, Ltd. | 13,775 | 52,266 | ||||||
Kagiso Media, Ltd. | 71,761 | 176,773 | ||||||
Kumba Iron Ore, Ltd. (a) | 2,724 | 146,072 | ||||||
Lewis Group, Ltd. (a) | 16,561 | 116,665 | ||||||
Massmart Holdings, Ltd. | 10,783 | 223,606 | ||||||
MMI Holdings, Ltd. | 61,301 | 155,216 | ||||||
MTN Group, Ltd. (a) | 96,041 | 1,690,423 | ||||||
Murray & Roberts Holdings, Ltd. (b) | 45,896 | 117,511 | ||||||
Naspers, Ltd. | 24,529 | 1,531,584 | ||||||
Nedbank Group, Ltd. (a) | 24,813 | 515,303 | ||||||
Netcare, Ltd. | 144,205 | 311,690 | ||||||
Northam Platinum, Ltd. (b) | 18,387 | 79,565 | ||||||
PPC, Ltd. | 14,038 | 49,040 | ||||||
PSG Group, Ltd. | 28,576 | 195,606 | ||||||
Remgro, Ltd. | 29,591 | 590,727 | ||||||
RMB Holdings, Ltd. | 61,995 | 281,106 | ||||||
RMI Holdings | 76,059 | 193,081 | ||||||
Sanlam, Ltd. | 139,867 | 719,272 | ||||||
Sappi, Ltd. (b) | 19,472 | 60,956 | ||||||
Sasol, Ltd. | 26,525 | 1,177,694 | ||||||
Shoprite Holdings, Ltd. | 35,046 | 698,288 | ||||||
Sibanye Gold, Ltd. (b) | 38,117 | 55,631 | ||||||
Standard Bank Group, Ltd. | 61,383 | 792,106 | ||||||
Steinhoff International Holdings, Ltd. (a)(b) | 123,905 | 337,771 | ||||||
Sun International, Ltd. | 11,402 | 125,523 | ||||||
Telkom SA, Ltd. (b) | 18,444 | 30,155 | ||||||
The Foschini Group, Ltd. | 21,603 | 265,609 | ||||||
Tiger Brands, Ltd. (a) | 13,470 | 431,653 | ||||||
Times Media Group, Ltd. (b) | 452 | 813 | ||||||
Trans Hex Group, Ltd. (b) | 1,806 | 679 | ||||||
Truworths International, Ltd. | 42,787 | 420,527 | ||||||
Wilson Bayly Holmes-Ovcon, Ltd. | 15,865 | 266,756 | ||||||
Woolworths Holdings, Ltd. | 78,464 | 603,803 | ||||||
19,128,165 | ||||||||
TAIWAN — 13.2% | ||||||||
Acer, Inc. (b) | 173,758 | 151,372 | ||||||
Adlink Technology, Inc. | 30,000 | 33,710 | ||||||
Advanced Semiconductor Engineering, Inc. | 475,007 | 389,187 | ||||||
Advancetek Enterprise Co. Ltd. | 167,000 | 165,869 | ||||||
AGV Products Corp. (b) | 341,000 | 119,739 | ||||||
APCB, Inc. | 66,000 | 45,247 | ||||||
Asustek Computer, Inc. | 37,340 | 446,419 | ||||||
AU Optronics Corp. ADR (b) | 75,891 | 331,352 | ||||||
Audix Corp. | 71,000 | 65,177 | ||||||
Bank of Kaohsiung (b) | 96,000 | 30,981 | ||||||
Basso Industry Corp. | 199,000 | 132,434 | ||||||
Biostar Microtech International Corp. | 133,000 | 50,482 | ||||||
C Sun Manufacturing Ltd. | 64,000 | 46,337 | ||||||
Carnival Industrial Corp. (b) | 135,000 | 42,167 | ||||||
Catcher Technology Co., Ltd. | 39,000 | 177,376 | ||||||
Cathay Financial Holding Co., Ltd. | 295,878 | 405,190 | ||||||
Cathay No. 1 REIT | 91,000 | 59,130 | ||||||
Center Laboratories, Inc. (b) | 30,000 | 41,685 | ||||||
Champion Building Materials Co. Ltd. | 94,000 | 32,379 | ||||||
Chang Hwa Commercial Bank | 439,759 | 261,039 | ||||||
Chang Wah Electromaterials, Inc. | 7,608 | 26,842 | ||||||
Charoen Pokphand Enterprise | 272,000 | 141,901 | ||||||
Cheng Loong Corp. | 39,000 | 17,086 | ||||||
China Airlines Ltd. (b) | 130,000 | 50,865 | ||||||
China Chemical & Pharmaceutical Co., Ltd. | 103,000 | 69,407 | ||||||
China Development Financial Holding Corp. (b) | 818,945 | 234,160 | ||||||
China Steel Chemical Corp. | 265,345 | 1,304,430 | ||||||
China Steel Corp. | 513,406 | 447,261 | ||||||
Chinatrust Financial Holding Co., Ltd. | 661,268 | 392,526 | ||||||
Chipbond Technology Corp. | 22,000 | 49,588 | ||||||
Chung Hwa Pulp Corp. (b) | 147,000 | 49,160 | ||||||
Chunghwa Chemical Synthesis & Biotech Co. Ltd. | 40,000 | 70,228 | ||||||
Chunghwa Telecom Co., Ltd. | 169,457 | 525,896 | ||||||
CMC Magnetics Corp. (b) | 207,000 | 36,135 | ||||||
Compal Electronics, Inc. | 341,774 | 242,308 | ||||||
Coxon Precise Industrial Co. Ltd. | 10,000 | 21,269 | ||||||
Da-Li Construction Co. Ltd. | 60,000 | 69,727 | ||||||
Delta Electronics, Inc. | 135,340 | 577,070 | ||||||
Dimerco Express Taiwan Corp. | 181,000 | 109,862 | ||||||
Elite Semiconductor Memory Technology, Inc. (b) | 107,750 | 112,065 | ||||||
Epistar Corp. | 37,850 | 68,226 | ||||||
Etron Technology, Inc. (b) | 12,445 | 4,124 | ||||||
Eva Airways Corp. (b) | 74,000 | 44,421 | ||||||
Excelsior Medical Co., Ltd. | 27,000 | 52,280 |
See accompanying notes to financial statements.
134
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Far Eastern New Century Corp. | 350,131 | $ | 360,054 | |||||
Flytech Technology Co. Ltd. | 7,000 | 17,721 | ||||||
Formosa Chemicals & Fibre Corp. | 174,460 | 401,399 | ||||||
Formosa Epitaxy, Inc. (b) | 12,000 | 9,330 | ||||||
Formosa Plastics Corp. | 275,610 | 662,699 | ||||||
Founding Construction & Development Co. Ltd. | 237,000 | 169,611 | ||||||
Foxconn Technology Co., Ltd. | 75,051 | 208,820 | ||||||
Fubon Financial Holding Co., Ltd. | 432,903 | 619,622 | ||||||
Fullerton Technology Co. Ltd. | 33,000 | 29,907 | ||||||
Fwusow Industry Co. Ltd. | 127,000 | 64,344 | ||||||
Giant Manufacturing Co., Ltd. | 200,802 | 1,118,085 | ||||||
Grape King, Inc. | 175,000 | 547,780 | ||||||
Great Wall Enterprise Co. | 26,000 | 22,781 | ||||||
Hiwin Technologies Corp. | 8,400 | 62,644 | ||||||
Hocheng Corp. | 195,000 | 59,278 | ||||||
Hon Hai Precision Industry Co., Ltd. | 466,737 | 1,300,199 | ||||||
Hong TAI Electric Industrial | 125,000 | 41,803 | ||||||
Hotai Motor Co., Ltd. | 102,000 | 851,066 | ||||||
HTC Corp. | 61,198 | 500,390 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 450,368 | 260,559 | ||||||
Hung Sheng Construction Co. Ltd. | 71,000 | 51,168 | ||||||
Ibase Technology, Inc. | 104,393 | 146,278 | ||||||
Innolux Corp. (b) | 163,383 | 100,535 | ||||||
Janfusun Fancyworld Corp. (b) | 683,000 | 103,012 | ||||||
KEE TAI Properties Co., Ltd. | 69,000 | 50,650 | ||||||
Kerry TJ Logistics Co., Ltd. | 60,000 | 93,404 | ||||||
Kindom Construction Co. | 45,000 | 41,384 | ||||||
Kung Long Batteries Industrial Co. Ltd. | 13,000 | 28,911 | ||||||
Kwong Fong Industries (b) | 44,000 | 27,075 | ||||||
Leofoo Development Co. (b) | 127,000 | 62,433 | ||||||
Lite-On Technology Corp. | 176,612 | 284,682 | ||||||
Long Chen Paper Co. Ltd. (b) | 885,000 | 264,294 | ||||||
MediaTek, Inc. | 43,329 | 495,561 | ||||||
Medigen Biotechnology Corp. (b) | 5,000 | 33,108 | ||||||
Mega Financial Holding Co., Ltd. | 333,569 | 269,399 | ||||||
Merry Electronics Co. Ltd. | 12,000 | 19,062 | ||||||
Mosel Vitelic, Inc. (b) | 3,758 | 910 | ||||||
Namchow Chemical Industrial Ltd. | 59,000 | 55,542 | ||||||
Nan Ya Plastics Corp. | 271,690 | 487,002 | ||||||
National Petroleum Co., Ltd. | 378,000 | 377,968 | ||||||
Neo Solar Power Corp. (b) | 12,768 | 9,629 | ||||||
New Era Electronics Co. Ltd. | 27,000 | 25,282 | ||||||
Newmax Technology Co., Ltd. | 25,000 | 76,749 | ||||||
Nexcom International Co. Ltd. | 63,000 | 56,042 | ||||||
Novatek Microelectronics Corp. | 34,225 | 148,220 | ||||||
Pacific Hospital Supply Co. Ltd. | 24,000 | 73,679 | ||||||
Pan Jit International, Inc. (b) | 13,000 | 5,043 | ||||||
Pegatron Corp. (b) | 61,686 | 95,306 | ||||||
Phytohealth Corp. (b) | 9,000 | 15,109 | ||||||
Pihsiang Machinery Manufacturing Co. Ltd. (b) | 27,000 | 30,700 | ||||||
Portwell, Inc. | 28,000 | 27,623 | ||||||
Pou Chen Corp. | 246,531 | 267,122 | ||||||
Powertech Technology, Inc. | 73,285 | 121,315 | ||||||
Precision Silicon Corp. | 909 | 383 | ||||||
Promate Electronic Co., Ltd. | 63,000 | 57,517 | ||||||
ProMOS Technologies, Inc. (b)(f) | 130,950 | 0 | ||||||
Quanta Computer, Inc. | 237,664 | 528,540 | ||||||
Sampo Corp. | 229,000 | 77,348 | ||||||
Sesoda Corp. | 76,000 | 80,823 | ||||||
Shih Wei Navigation Co., Ltd. | 112,402 | 76,871 | ||||||
Shin Kong Financial Holding Co., Ltd. (b) | 265,252 | 83,383 | ||||||
Siliconware Precision Industries Co. | 172,578 | 196,226 | ||||||
Sinbon Electronics Co., Ltd. | 81,000 | 77,065 | ||||||
Sinon Corp. | 126,000 | 61,309 | ||||||
SinoPac Financial Holdings Co., Ltd. | 582,480 | 279,528 | ||||||
Sinphar Pharmaceutical Co., Ltd. | 79,000 | 101,450 | ||||||
Solar Applied Materials Technology Corp. | 177,250 | 208,355 | ||||||
Solartech Energy Corp. (b) | 8,993 | 6,075 | ||||||
Stark Technology, Inc. | 59,000 | 50,412 | ||||||
Supreme Electronics Co. Ltd. | 130,000 | 62,386 | ||||||
Ta Ya Electric Wire & Cable | 399,000 | 95,272 | ||||||
Tainan Enterprises Co., Ltd. | 43,000 | 46,016 | ||||||
Taishin Financial Holdings Co., Ltd. | 556,495 | 232,629 | ||||||
Taisun Enterprise Co., Ltd. | 162,000 | 82,889 | ||||||
Taiwan Acceptance Corp. | 9,000 | 22,634 | ||||||
Taiwan Cement Corp. | 303,533 | 380,653 | ||||||
Taiwan Chinsan Electronic Industrial Co. Ltd. | 31,000 | 46,392 | ||||||
Taiwan Cogeneration Corp. | 45,000 | 30,399 | ||||||
Taiwan Fire & Marine Insurance Co. | 26,000 | 19,216 | ||||||
Taiwan FU Hsing Industrial Co., Ltd. | 36,000 | 34,733 | ||||||
Taiwan Land Development Corp. (b) | 174,816 | 67,231 | ||||||
Taiwan Mobile Co., Ltd. | 4,000 | 13,577 | ||||||
Taiwan Paiho Ltd. | 57,000 | 36,694 | ||||||
Taiwan Pulp & Paper Corp. | 315,000 | 96,599 | ||||||
Taiwan Sakura Corp. | 103,000 | 54,596 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 1,185,000 | 3,982,694 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 62,868 | 1,086,104 | ||||||
Taiwan Tea Corp. | 107,913 | 62,433 | ||||||
Taiwan Union Technology Corp. | 133,000 | 79,838 | ||||||
Taiyen Biotech Co., Ltd. | 67,000 | 66,658 | ||||||
Tatung Co., Ltd. (b) | 175,885 | 44,291 | ||||||
TPK Holding Co. Ltd. | 5,000 | 99,323 | ||||||
Transasia Airways Corp. | 263,000 | 128,850 | ||||||
Tripod Technology Corp. | 73,320 | 161,340 | ||||||
Uni-President Enterprises Corp. | 108,370 | 205,125 | ||||||
United Microelectronics Corp. ADR | 257,200 | 467,131 | ||||||
Unity Opto Technology Co., Ltd. (b) | 12,759 | 12,289 | ||||||
Ve Wong Corp. | 61,000 | 41,615 | ||||||
Visual Photonics Epitaxy Co., Ltd. | 160,259 | 187,578 | ||||||
Wei Chuan Food Corp. | 33,000 | 49,441 | ||||||
Wei Mon Industry Co. Ltd. (b) | 194,000 | 71,690 | ||||||
Weikeng Industrial Co., Ltd. | 67,000 | 49,630 | ||||||
Wistron Corp. | 145,355 | 161,627 | ||||||
Zeng Hsing Industrial Co. Ltd. | 23,000 | 91,531 | ||||||
Zenitron Corp. | 143,000 | 89,427 | ||||||
29,342,214 | ||||||||
THAILAND — 3.1% | ||||||||
Advanced Info Service PCL | 123,415 | 1,011,426 | ||||||
Bangkok Expressway PCL | 354,759 | 481,532 | ||||||
Bank of Ayudhya PCL, ADR | 40,600 | 49,563 |
See accompanying notes to financial statements.
135
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Banpu PCL | 14,008 | $ | 180,332 | |||||
BEC World PCL | 17,600 | 38,614 | ||||||
Electricity Generating PCL | 80,874 | 430,813 | ||||||
IRPC PCL | 905,658 | 121,847 | ||||||
Jasmine International PCL | 174,500 | 40,519 | ||||||
Kasikornbank PCL | 58,200 | 421,322 | ||||||
PTT Exploration & Production PCL | 126,441 | 639,005 | ||||||
PTT PCL | 74,824 | 832,939 | ||||||
Siam Cement PCL | 39,500 | 669,011 | ||||||
Siam Commercial Bank PCL | 116,702 | 717,308 | ||||||
Siam Future Development PCL | 109,200 | 37,662 | ||||||
Tesco Lotus Retail Growth Freehold & Leasehold Property Fund | 59,266 | 30,761 | ||||||
Thai Airways International PCL | 62,100 | 60,435 | ||||||
Thai Beverage PCL | 179,000 | 88,014 | ||||||
Thai Oil PCL | 111,995 | 250,493 | ||||||
Thaicom PCL (b) | 40,000 | 49,513 | ||||||
Ticon Industrial Connection PCL | 101,400 | 90,891 | ||||||
Tisco Financial Group PCL | 151,653 | 287,408 | ||||||
TMB Bank PCL | 4,531,317 | 393,018 | ||||||
True Corp. PCL, NVDR (b) | 205,800 | 57,625 | ||||||
6,980,051 | ||||||||
TURKEY — 2.3% | ||||||||
Akbank TAS | 102,573 | 536,248 | ||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS | 22,047 | 359,429 | ||||||
Dogan Sirketler Grubu Holdings AS (b) | 148,424 | 88,587 | ||||||
Dogan Yayin Holding AS (b) | 122,907 | 56,376 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 133,905 | 173,163 | ||||||
Haci Omer Sabanci Holding AS | 54,713 | 328,066 | ||||||
KOC Holding AS | 82,111 | 476,466 | ||||||
Migros Ticaret AS (b) | 860 | 10,765 | ||||||
Tupras-Turkiye Petrol Rafinerileri AS | 12,429 | 377,781 | ||||||
Turkcell Iletisim Hizmetleri AS (b) | 47,151 | 316,598 | ||||||
Turkiye Garanti Bankasi AS | 220,169 | 1,175,370 | ||||||
Turkiye Is Bankasi (Class C) | 128,119 | 492,793 | ||||||
Ulker Biskuvi Sanayi AS | 52,087 | 392,919 | ||||||
Yapi ve Kredi Bankasi AS (b) | 82,423 | 258,725 | ||||||
5,043,286 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $222,240,588) | 217,922,968 | |||||||
PREFERRED STOCKS — 0.2% | ||||||||
COLOMBIA — 0.1% | ||||||||
Banco Davivienda SA Preference Shares | 11,527 | 163,951 | ||||||
PANAMA — 0.1% | ||||||||
Avianca Taca Holding SA Preference Shares | 102,484 | 252,005 | ||||||
TOTAL PREFERRED STOCKS — | ||||||||
(Cost $396,174) | 415,956 | |||||||
WARRANTS — 0.0% (g) | ||||||||
MALAYSIA — 0.0% (g) | ||||||||
Dialog Group Bhd (expiring 2/12/17) (b) | 41,450 | 6,091 | ||||||
KNM Group Bhd (expiring 11/15/17) (b) | 63,006 | 2,136 | ||||||
TOTAL WARRANTS — | ||||||||
(Cost $0) | 8,227 | |||||||
RIGHTS — 0.0% (g) | ||||||||
HONG KONG — 0.0% (g) | ||||||||
Li Ning Co., Ltd. (expiring 4/15/13) (b) | 34,000 | 4,687 | ||||||
INDIA — 0.0% | ||||||||
Alok Industries Ltd. (expired 2/15/13) (b)(d) | 160,754 | 0 | ||||||
POLAND — 0.0% | ||||||||
Polimex-Mostostal SA (expired 12/31/12) (b)(d) | 35,691 | 0 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $0) | 4,687 | |||||||
SHORT TERM INVESTMENTS — 7.0% | ||||||||
UNITED STATES — 7.0% | ||||||||
MONEY MARKET FUNDS — 7.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (h)(i) | 12,792,104 | 12,792,104 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (i)(j) | 2,858,047 | 2,858,047 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $15,650,151) | 15,650,151 | |||||||
TOTAL INVESTMENTS — 105.0% | ||||||||
(Cost $238,286,913) | 234,001,989 | |||||||
OTHER ASSETS & LIABILITIES — (5.0)% | (11,037,905 | ) | ||||||
NET ASSETS — 100.0% | $ | 222,964,084 | ||||||
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(b) | Non-income producing security. | |||||
(c) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(d) | 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) | |||||
(e) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.9% of net assets as of March 31, 2013, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(f) | 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 3 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. |
See accompanying notes to financial statements.
136
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
PLC = Public Limited Company
At March 31, 2013, open futures contracts purchased were as follows:
Expiration | Aggregate | Unrealized | ||||||||||||||||||
Futures | Date | Contracts | Face Value | Value | Appreciation | |||||||||||||||
MSCI Taiwan Index Futures | 4/29/2013 | 107 | $ | 3,010,898 | $ | 3,043,080 | $ | 32,182 |
See accompanying notes to financial statements.
137
SPDR S&P Emerging Markets Dividend ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
BRAZIL — 23.8% | ||||||||
AES Tiete SA Preference Shares | 445,075 | $ | 4,326,367 | |||||
Banco do Brasil SA | 89,638 | 1,220,306 | ||||||
Banco do Brasil SA ADR | 1,124,207 | 15,379,152 | ||||||
Bradespar SA Preference Shares | 679,447 | 8,872,388 | ||||||
Centrais Eletricas Brasileiras SA Preference Shares (Class H) | 2,517,220 | 15,854,734 | ||||||
Cia Energetica do Ceara Preference Shares | 71,695 | 1,777,841 | ||||||
Companhia de Transmissao de Energia Electrica Paulista Preference Shares | 352,158 | 5,850,816 | ||||||
Companhia Energetica de Minas Gerais ADR (a) | 1,442,935 | 17,098,780 | ||||||
Companhia Energetica de Sao Paulo Preference Shares | 703,430 | 7,099,363 | ||||||
CPFL Energia SA ADR (a) | 336,038 | 7,036,636 | ||||||
EDP — Energias do Brasil SA | 1,399,867 | 8,761,535 | ||||||
Eletropaulo Metropolitana SA Preference Shares | 812,395 | 3,984,718 | ||||||
Oi SA ADR (a) | 1,218,763 | 3,705,039 | ||||||
Tractebel Energia SA | 57,525 | 991,107 | ||||||
Tractebel Energia SA ADR (a) | 314,156 | 5,419,191 | ||||||
Vale SA Preference Shares ADR | 810,702 | 13,400,904 | ||||||
120,778,877 | ||||||||
CHILE — 1.5% | ||||||||
Administradora de Fondos de Pensiones Provida SA ADR | 10,018 | 1,066,917 | ||||||
Aguas Andinas SA Class A | 2,728,064 | 2,139,658 | ||||||
Banco de Chile ADR (a) | 2,465 | 233,731 | ||||||
Corpbanca SA ADR (a) | 52,925 | 1,106,662 | ||||||
ENTEL Chile SA | 142,146 | 3,010,151 | ||||||
7,557,119 | ||||||||
CHINA — 6.8% | ||||||||
Anta Sports Products, Ltd. (a) | 4,896,000 | 4,187,931 | ||||||
Bank of China, Ltd. | 33,114,536 | 15,357,169 | ||||||
China Citic Bank Corp., Ltd. (a) | 658,000 | 395,004 | ||||||
China Hongqiao Group, Ltd. | 1,887,289 | 931,166 | ||||||
China Southern Airlines Co., Ltd. (Class H) | 7,030,000 | 4,011,890 | ||||||
Dongyue Group (a) | 6,253,000 | 3,624,857 | ||||||
Guangzhou R&F Properties Co., Ltd. (Class H) (a) | 184,311 | 309,138 | ||||||
Jiangsu Expressway Co., Ltd. (a) | 3,032,000 | 3,034,871 | ||||||
Lonking Holdings, Ltd. (a) | 932,000 | 212,510 | ||||||
Soho China, Ltd. (a) | 306,500 | 255,856 | ||||||
Zhejiang Expressway Co., Ltd. (Class H) | 2,554,000 | 2,016,840 | ||||||
34,337,232 | ||||||||
CZECH REPUBLIC — 3.3% | ||||||||
CEZ AS | 394,144 | 11,561,673 | ||||||
Komercni Banka AS | 1,379 | 263,877 | ||||||
Telefonica O2 Czech Republic AS (a) | 312,093 | 4,713,526 | ||||||
16,539,076 | ||||||||
EGYPT — 0.2% | ||||||||
Telecom Egypt | 403,440 | 785,169 | ||||||
HONG KONG — 0.5% | ||||||||
Bosideng International Holdings, Ltd. (a) | 8,453,600 | 2,624,513 | ||||||
China Mobile, Ltd. | 15,837 | 167,701 | ||||||
2,792,214 | ||||||||
INDONESIA — 1.0% | ||||||||
AKR Corporindo Tbk PT | 618,500 | 318,240 | ||||||
Aneka Tambang Persero Tbk PT | 5,815,000 | 819,815 | ||||||
Astra Agro Lestari Tbk PT | 109,500 | 208,464 | ||||||
Harum Energy Tbk PT | 3,515,000 | 1,736,249 | ||||||
Indo Tambangraya Megah Tbk PT | 566,000 | 2,067,713 | ||||||
5,150,481 | ||||||||
MALAYSIA — 3.2% | ||||||||
British American Tobacco Malaysia Bhd | 15,400 | 309,144 | ||||||
Malayan Banking Bhd | 5,186,847 | 15,661,882 | ||||||
Maxis Bhd | 106,200 | 223,958 | ||||||
16,194,984 | ||||||||
POLAND — 5.0% | ||||||||
KGHM Polska Miedz SA | 249,874 | 12,123,205 | ||||||
Polska Grupa Energetyczna SA | 1,281,890 | 6,597,746 | ||||||
Powszechny Zaklad Ubezpieczen SA | 25,340 | 3,147,584 | ||||||
Synthos SA | 765,449 | 1,482,676 | ||||||
Tauron Polska Energia SA | 1,396,755 | 1,838,033 | ||||||
25,189,244 | ||||||||
RUSSIA — 8.1% | ||||||||
CTC Media, Inc. | 329,058 | 3,879,594 | ||||||
Gazprom Neft JSC ADR | 10,013 | 212,616 | ||||||
Gazprom OAO ADR | 1,619,241 | 13,934,929 | ||||||
Surgutneftegas OJSC ADR Preference Shares | 1,423,725 | 9,898,815 | ||||||
TNK-BP Holding | 646,987 | 801,334 | ||||||
VimpelCom, Ltd. ADR | 1,046,928 | 12,447,974 | ||||||
41,175,262 | ||||||||
SOUTH AFRICA — 10.0% | ||||||||
African Bank Investments, Ltd. (a) | 4,249,337 | 14,029,442 | ||||||
Capital Property Fund | 1,260,093 | 1,531,431 | ||||||
Fountainhead Property Trust | 1,236,315 | 1,207,417 | ||||||
Kumba Iron Ore, Ltd. (a) | 233,062 | 12,497,699 | ||||||
MMI Holdings, Ltd. | 1,977,789 | 5,007,825 | ||||||
Redefine Properties, Ltd. | 2,447,106 | 2,640,632 | ||||||
Resilient Property Income Fund, Ltd. | 41,236 | 244,959 | ||||||
Vodacom Group, Ltd. (a) | 1,127,144 | 13,501,967 | ||||||
50,661,372 | ||||||||
SOUTH KOREA — 3.4% | ||||||||
KT Corp. ADR (b) | 20,249 | 319,924 | ||||||
SK Telecom Co., Ltd. | 105,842 | 17,171,024 | ||||||
17,490,948 | ||||||||
TAIWAN — 17.6% | ||||||||
Asia Cement Corp. | 2,235,572 | 2,725,076 | ||||||
Chicony Electronics Co., Ltd. | 1,139,446 | 2,998,893 | ||||||
China Development Financial Holding Corp. (b) | 25,296,000 | 7,232,867 | ||||||
China Petrochemical Development Corp. | 18,503,000 | 9,993,260 |
See accompanying notes to financial statements.
138
SPDR S&P Emerging Markets Dividend ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
China Steel Chemical Corp. | 194,000 | $ | 953,699 | |||||
Chunghwa Telecom Co., Ltd. ADR (a) | 113,137 | 3,541,458 | ||||||
E Ink Holdings, Inc. | 7,082,000 | 5,589,339 | ||||||
Far Eastern New Century Corp. | 197,830 | 203,437 | ||||||
Farglory Land Development Co., Ltd. | 694,000 | 1,285,765 | ||||||
Highwealth Construction Corp. | 835,800 | 1,749,723 | ||||||
HTC Corp. | 1,593,105 | 13,026,141 | ||||||
LCY Chemical Corp. | 1,099,681 | 1,235,659 | ||||||
Lite-On Technology Corp. | 2,460,754 | 3,966,502 | ||||||
Macronix International Co., Ltd. | 659 | 190 | ||||||
Pou Chen Corp. | 242,000 | 262,212 | ||||||
Quanta Computer, Inc. | 6,939,000 | 15,431,603 | ||||||
Synnex Technology International Corp. | 3,885,000 | 7,119,739 | ||||||
Taiwan Cement Corp. | 179,000 | 224,479 | ||||||
Taiwan Mobile Co., Ltd. | 200 | 679 | ||||||
TSRC Corp. | 1,341,800 | 2,647,478 | ||||||
United Microelectronics Corp. ADR (a) | 140,513 | 255,202 | ||||||
Wistron Corp. | 5,464,670 | 6,076,424 | ||||||
WPG Holdings, Ltd. | 2,174,000 | 2,493,711 | ||||||
89,013,536 | ||||||||
THAILAND — 5.0% | ||||||||
Advanced Info Service PCL | 30 | 246 | ||||||
Advanced Info Service PCL, NVDR | 38,149 | 312,643 | ||||||
BTS Group Holdings PCL | 1,040,549 | 333,999 | ||||||
Land and Houses PCL, NVDR | 10,387,045 | 4,646,416 | ||||||
Shin Corp. PCL, NVDR (a) | 7,180,000 | 19,859,314 | ||||||
Thai Oil PCL | 174,400 | 390,070 | ||||||
25,542,688 | ||||||||
TURKEY — 9.8% | ||||||||
Arcelik AS | 36,361 | 261,229 | ||||||
Aygaz AS | 45,605 | 273,454 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 10,960,063 | 14,173,278 | ||||||
Ford Otomotiv Sanayi AS | 193,467 | 2,811,927 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 44,720 | 322,518 | ||||||
Tupras-Turkiye Petrol Rafinerileri AS | 553,409 | 16,820,942 | ||||||
Turk Telekomunikasyon AS | 2,563,651 | 11,419,192 | ||||||
Turk Traktor ve Ziraat Makineleri AS | 54,619 | 1,841,259 | ||||||
Ulker Biskuvi Sanayi AS | 204,042 | 1,539,195 | ||||||
49,462,994 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $518,539,233) | 502,671,196 | |||||||
SHORT TERM INVESTMENTS — 9.7% | ||||||||
UNITED STATES — 9.7% | ||||||||
MONEY MARKET FUNDS — 9.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 48,275,613 | 48,275,613 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (d)(e) | 715,738 | 715,738 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $48,991,351) | 48,991,351 | |||||||
TOTAL INVESTMENTS — 108.9% | ||||||||
(Cost $567,530,584) | 551,662,547 | |||||||
OTHER ASSETS & LIABILITIES — (8.9)% | (45,179,911 | ) | ||||||
NET ASSETS — 100.0% | $ | 506,482,636 | ||||||
(a) | A portion of the security was on loan at March 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. |
ADR = American Depositary Receipt
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
See accompanying notes to financial statements.
139
SPDR S&P BRIC 40 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
BRAZIL — 21.3% | ||||||||
Banco Bradesco SA Preference Shares ADR (a) | 670,216 | $ | 11,407,071 | |||||
BRF — Brasil Foods SA ADR | 212,640 | 4,701,470 | ||||||
Companhia de Bebidas das Americas Preference Shares ADR | 240,953 | 10,199,541 | ||||||
Gerdau SA ADR | 286,551 | 2,209,308 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 732,029 | 13,030,116 | ||||||
Petroleo Brasileiro SA ADR | 508,259 | 8,421,852 | ||||||
Ultrapar Participacoes SA ADR | 133,374 | 3,385,032 | ||||||
Vale SA ADR (a) | 412,304 | 7,128,736 | ||||||
60,483,126 | ||||||||
CHINA — 38.3% | ||||||||
Agricultural Bank of China, Ltd. (a) | 7,474,000 | 3,581,674 | ||||||
Baidu, Inc. ADR (a)(b) | 84,476 | 7,408,545 | ||||||
Bank of China, Ltd. | 21,661,254 | 10,045,605 | ||||||
China Construction Bank Corp. | 25,918,610 | 21,168,543 | ||||||
China Life Insurance Co., Ltd. | 2,325,000 | 6,020,173 | ||||||
China Merchants Bank Co., Ltd. | 1,225,936 | 2,596,328 | ||||||
China Petroleum & Chemical Corp. | 5,388,288 | 6,344,348 | ||||||
China Shenhua Energy Co., Ltd. | 1,068,000 | 3,879,809 | ||||||
China Telecom Corp., Ltd. | 4,388,610 | 2,210,516 | ||||||
Industrial & Commercial Bank of China | 26,027,960 | 18,240,176 | ||||||
PetroChina Co., Ltd. | 6,666,171 | 8,742,069 | ||||||
Ping An Insurance Group Co. of China, Ltd. | 587,500 | 4,556,112 | ||||||
Tencent Holdings, Ltd. | 333,300 | 10,596,696 | ||||||
Want Want China Holdings, Ltd. | 2,197,000 | 3,367,961 | ||||||
108,758,555 | ||||||||
HONG KONG — 11.5% | ||||||||
China Mobile, Ltd. | 1,676,000 | 17,747,444 | ||||||
China Overseas Land & Investment, Ltd. (a) | 1,210,560 | 3,337,260 | ||||||
China Unicom (Hong Kong), Ltd. (a) | 1,350,000 | 1,808,661 | ||||||
CNOOC, Ltd. | 5,112,221 | 9,825,812 | ||||||
32,719,177 | ||||||||
INDIA — 7.3% | ||||||||
HDFC Bank, Ltd. ADR | 123,834 | 4,633,868 | ||||||
ICICI Bank, Ltd. ADR | 88,721 | 3,806,131 | ||||||
Infosys Technologies, Ltd. ADR (a) | 154,172 | 8,311,413 | ||||||
Reliance Industries, Ltd. GDR (c) | 139,277 | 3,966,609 | ||||||
20,718,021 | ||||||||
RUSSIA — 21.4% | ||||||||
Gazprom OAO ADR | 1,899,072 | 16,343,110 | ||||||
Lukoil OAO ADR (d) | 164,170 | 10,617,603 | ||||||
Lukoil OAO ADR (d) | 1,675 | 108,498 | ||||||
MMC Norilsk Nickel OJSC ADR | 225,859 | 3,821,314 | ||||||
Mobile TeleSystems ADR | 163,929 | 3,404,821 | ||||||
NovaTek OAO GDR | 42,241 | 4,551,412 | ||||||
Rosneft Oil Co. GDR | 331,612 | 2,548,991 | ||||||
Sberbank of Russia ADR (d) | 14,597 | 186,470 | ||||||
Sberbank of Russia ADR (d) | 810,624 | 10,412,216 | ||||||
Surgutneftegas OJSC ADR | 309,952 | 2,769,975 | ||||||
Tatneft ADR | 73,089 | 2,923,811 | ||||||
Uralkali OJSC GDR | 79,251 | 2,931,137 | ||||||
60,619,358 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $314,304,381) | 283,298,237 | |||||||
SHORT TERM INVESTMENTS — 7.8% | ||||||||
UNITED STATES — 7.8% | ||||||||
MONEY MARKET FUNDS — 7.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 21,345,997 | 21,345,997 | ||||||
State Street Institutional Liquid Reserve Fund 13.00% (f)(g) | 830,230 | 830,230 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $22,176,227) | 22,176,227 | |||||||
TOTAL INVESTMENTS — 107.6% | ||||||||
(Cost $336,480,608) | 305,474,464 | |||||||
OTHER ASSETS & LIABILITIES — (7.6)% | (21,582,176 | ) | ||||||
NET ASSETS — 100.0% | $ | 283,892,288 | ||||||
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(b) | Non-income producing security. | |||||
(c) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 1.4% of net assets as of March 31, 2013, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(d) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
See accompanying notes to financial statements.
140
SPDR S&P Emerging Europe ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
CZECH REPUBLIC — 3.3% | ||||||||
CEZ AS | 54,905 | $ | 1,610,563 | |||||
Komercni Banka AS | 3,736 | 714,898 | ||||||
Telefonica O2 Czech Republic AS | 22,478 | 339,484 | ||||||
Unipetrol (a) | 36,820 | 313,650 | ||||||
2,978,595 | ||||||||
HUNGARY — 2.9% | ||||||||
Magyar Telekom Telecommunications PLC | 182,490 | 317,918 | ||||||
MOL Hungarian Oil and Gas NyRt (b) | 11,339 | 798,522 | ||||||
OTP Bank NyRt | 47,362 | 856,064 | ||||||
Richter Gedeon NyRt | 4,854 | 680,079 | ||||||
2,652,583 | ||||||||
POLAND — 12.4% | ||||||||
Agora SA | 44,142 | 103,147 | ||||||
Asseco Poland SA | 21,388 | 276,191 | ||||||
Bank Pekao SA | 28,669 | 1,383,890 | ||||||
Bioton SA (a) | 1,050,685 | 16,152 | ||||||
BRE Bank SA (a) | 5,008 | 526,599 | ||||||
Echo Investment SA (a) | 130,794 | 235,252 | ||||||
Getin Holding SA (a) | 80,981 | 67,724 | ||||||
Getin Noble Bank SA (a) | 236,985 | 127,511 | ||||||
Globe Trade Centre SA (a) | 52,665 | 123,872 | ||||||
ING Bank Slaski SA (a) | 20,506 | 572,474 | ||||||
KGHM Polska Miedz SA | 34,570 | 1,677,242 | ||||||
Lubelski Wegiel Bogdanka SA | 9,734 | 357,343 | ||||||
Netia SA (a) | 392,574 | 509,358 | ||||||
Orbis SA | 6,517 | 72,114 | ||||||
Polimex- Mostostal SA (a) | 148,638 | 16,909 | ||||||
Polska Grupa Energetyczna SA | 99,623 | 512,749 | ||||||
Polski Koncern Naftowy Orlen SA (a) | 60,541 | 956,758 | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA | 147,972 | 1,571,871 | ||||||
Powszechny Zaklad Ubezpieczen SA | 5,907 | 733,732 | ||||||
Rovese SA (a) | 231,320 | 96,014 | ||||||
Tauron Polska Energia SA | 388,390 | 511,094 | ||||||
Telekomunikacja Polska SA | 303,912 | 623,251 | ||||||
TVN SA | 77,757 | 227,836 | ||||||
11,299,083 | ||||||||
RUSSIA — 58.5% | ||||||||
Etalon Group, Ltd. GDR (a) | 12,978 | 64,890 | ||||||
Eurasia Drilling Co., Ltd. GDR | 5,177 | 183,784 | ||||||
Evraz PLC | 109,398 | 368,776 | ||||||
Federal Hydrogenerating Co. JSC ADR (c) | 179,421 | 345,256 | ||||||
Federal Hydrogenerating Co. JSC ADR (c) | 8,603 | 16,788 | ||||||
Gazprom Neft JSC ADR | 24,816 | 528,440 | ||||||
Gazprom OAO ADR | 1,264,950 | 10,885,957 | ||||||
Globaltrans Investment PLC GDR | 15,307 | 241,544 | ||||||
Integra Group Holdings GDR (a) | 121,729 | 45,648 | ||||||
LSR Group OJSC GDR (c) | 36,490 | 156,185 | ||||||
LSR Group OJSC GDR (c) | 1,749 | 7,486 | ||||||
Lukoil OAO ADR | 112,603 | 7,282,536 | ||||||
Magnit OJSC GDR (b) | 45,527 | 2,034,330 | ||||||
Mechel OAO ADR | 27,596 | 139,908 | ||||||
MMC Norilsk Nickel OJSC ADR | 187,614 | 3,174,246 | ||||||
Mobile TeleSystems ADR | 99,508 | 2,066,791 | ||||||
Mobile Telesystems OJSC | 111,839 | 994,571 | ||||||
NovaTek OAO GDR | 27,652 | 2,979,466 | ||||||
Novolipetsk Steel OJSC GDR | 8,797 | 139,325 | ||||||
O’Key Group SA GDR | 7,128 | 81,259 | ||||||
Pharmstandard GDR (a) | 9,535 | 196,898 | ||||||
Phosagro OAO GDR | 4,192 | 57,911 | ||||||
PIK Group GDR (a) | 68,415 | 134,641 | ||||||
Polymetal International PLC | 46,776 | 615,449 | ||||||
Polyus Gold International, Ltd. (a) | 94,171 | 305,650 | ||||||
Rosneft Oil Co. GDR | 325,231 | 2,499,943 | ||||||
Rostelecom ADR | 46,610 | 1,105,035 | ||||||
Sberbank | 2,170,086 | 6,900,873 | ||||||
Severstal GDR | 68,333 | 611,511 | ||||||
Sistema JSFC GDR | 30,870 | 569,850 | ||||||
Surgutneftegas OJSC ADR | 322,630 | 2,883,276 | ||||||
Tatneft ADR | 42,273 | 1,691,065 | ||||||
TMK OAO GDR | 8,629 | 105,063 | ||||||
United Co. RUSAL PLC (a) | 6,000 | 3,007 | ||||||
Uralkali OJSC GDR | 44,801 | 1,656,987 | ||||||
VimpelCom, Ltd. ADR | 79,548 | 945,826 | ||||||
VTB Bank OJSC GDR (b) | 289,585 | 910,302 | ||||||
X5 Retail Group NV GDR (a) | 13,887 | 233,302 | ||||||
Yandex NV (a)(b) | 11,220 | 259,406 | ||||||
53,423,181 | ||||||||
TURKEY — 22.6% | ||||||||
Akbank TAS | 318,010 | 1,662,545 | ||||||
Anadolu Anonim Turk Sigorta (a) | 344,764 | 238,162 | ||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS | 72,791 | 1,186,700 | ||||||
Arcelik AS | 151,215 | 1,086,375 | ||||||
Asya Katilim Bankasi AS (a) | 103,746 | 136,455 | ||||||
BIM Birlesik Magazalar AS | 18,139 | 887,152 | ||||||
Coca-Cola Icecek AS | 4,810 | 138,891 | ||||||
Dogan Sirketler Grubu Holdings AS (a) | 355,141 | 211,966 | ||||||
Dogan Yayin Holding AS (a) | 820,144 | 376,192 | ||||||
Dogus Otomotiv Servis ve Ticaret AS | 175,722 | 1,121,630 | ||||||
Enka Insaat ve Sanayi AS | 149,361 | 467,192 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 406,284 | 525,396 | ||||||
Haci Omer Sabanci Holding AS | 166,644 | 999,219 | ||||||
KOC Holding AS | 227,229 | 1,318,544 | ||||||
Koza Altin Isletmeleri AS | 2,209 | 51,273 | ||||||
Tupras-Turkiye Petrol Rafinerileri AS | 31,315 | 951,824 | ||||||
Turk Hava Yollari Anonim Ortakligi (a) | 388,356 | 1,605,362 | ||||||
Turk Telekomunikasyon AS | 55,256 | 246,125 | ||||||
Turkcell Iletisim Hizmetleri AS (a) | 192,017 | 1,289,310 | ||||||
Turkiye Garanti Bankasi AS | 642,218 | 3,428,475 | ||||||
Turkiye Halk Bankasi AS | 42,263 | 456,613 | ||||||
Turkiye Is Bankasi (Class C) | 270,353 | 1,039,877 | ||||||
Ulker Biskuvi Sanayi AS | 8,824 | 66,564 | ||||||
Vestel Elektronik Sanayi (a) | 179,684 | 198,601 | ||||||
Yapi ve Kredi Bankasi AS (a) | 299,631 | 940,538 | ||||||
20,630,981 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $115,737,309) | 90,984,423 | |||||||
See accompanying notes to financial statements.
141
SPDR S&P Emerging Europe ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
RIGHTS — 0.0% | ||||||||
POLAND — 0.0% | ||||||||
Polimex-Mostostal SA (expired 12/31/12) (a)(d) (Cost $0) | 141,838 | $ | 0 | |||||
SHORT TERM INVESTMENTS — 2.0% | ||||||||
UNITED STATES — 2.0% | ||||||||
MONEY MARKET FUNDS — 2.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 1,551,671 | 1,551,671 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (f)(g) | 212,556 | 212,556 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $1,764,227) | 1,764,227 | |||||||
TOTAL INVESTMENTS — 101.7% | ||||||||
(Cost $117,501,536) | 92,748,650 | |||||||
OTHER ASSETS & LIABILITIES — (1.7)% | (1,508,171 | ) | ||||||
NET ASSETS — 100.0% | $ | 91,240,479 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 31, 2013. | |||||
(c) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
PLC = Public Limited Company
See accompanying notes to financial statements.
142
SPDR S&P Emerging Latin America ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.1% | ||||||||
BRAZIL — 55.7% | ||||||||
AES Tiete SA Preference Shares | 31,355 | $ | 304,787 | |||||
All America Latina Logistica SA | 75,846 | 379,916 | ||||||
B2W Companhia Global do Varejo (a) | 29,870 | 220,727 | ||||||
Banco Bradesco SA Preference Shares ADR (b) | 260,995 | 4,442,131 | ||||||
Banco do Brasil SA | 74,201 | 1,010,151 | ||||||
Banco do Brasil SA ADR | 28,396 | 388,457 | ||||||
Banco Santander Brazil SA ADS | 79,087 | 574,172 | ||||||
BM&FBOVESPA SA | 253,059 | 1,711,868 | ||||||
BR Malls Participacoes SA | 40,555 | 506,045 | ||||||
BR Properties SA | 21,443 | 238,214 | ||||||
Bradespar SA Preference Shares | 43,625 | 569,666 | ||||||
Braskem SA Preference Shares ADR (b) | 19,862 | 268,931 | ||||||
BRF — Brasil Foods SA | 26,155 | 578,527 | ||||||
BRF — Brasil Foods SA ADR | 49,161 | 1,086,950 | ||||||
CCR SA | 108,951 | 1,109,854 | ||||||
Centrais Eletricas Brasileiras SA | 5,982 | 20,738 | ||||||
Centrais Eletricas Brasileiras SA ADR | 43,554 | 148,955 | ||||||
CETIP SA — Balcao Organizado de Ativos e Derivativos | 25,470 | 303,162 | ||||||
Cia Hering | 15,546 | 278,330 | ||||||
Cielo SA | 28,277 | 834,840 | ||||||
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares ADR (b) | 19,622 | 1,045,460 | ||||||
Companhia de Bebidas das Americas Preference Shares ADR | 110,793 | 4,689,868 | ||||||
Companhia de Saneamento Basico do Estado de Sao Paulo (a) | 25,529 | 1,220,520 | ||||||
Companhia Energetica de Minas Gerais ADR (b) | 81,009 | 959,957 | ||||||
Companhia Energetica de Sao Paulo Preference Shares | 38,515 | 388,712 | ||||||
Companhia Paranaense de Energia Preference Shares | 21,075 | 323,282 | ||||||
Companhia Siderurgica Nacional SA ADR (b) | 117,357 | 525,759 | ||||||
Cosan SA Industria e Comercio | 24,965 | 561,367 | ||||||
CPFL Energia SA ADR (b) | 11,302 | 236,664 | ||||||
Cyrela Brazil Realty SA | 52,313 | 449,617 | ||||||
Cyrela Commercial Properties SA Empreendimentos e Participacoes | 40,770 | 501,651 | ||||||
Diagnosticos da America SA | 24,373 | 141,305 | ||||||
Duratex SA | 84,819 | 685,670 | ||||||
Empresa Brasileira de Aeronautica SA | 74,560 | 665,599 | ||||||
Fertilizantes Heringer SA (a) | 3,931 | 23,395 | ||||||
Fibria Celulose SA ADR (a)(b) | 42,755 | 516,053 | ||||||
Gafisa SA (a) | 36,820 | 73,773 | ||||||
Gerdau SA ADR | 72,100 | 555,891 | ||||||
Gerdau SA Preference Shares | 14,025 | 108,230 | ||||||
Gol Linhas Aereas Inteligentes SA Preference Shares (a) | 23,899 | 139,861 | ||||||
Hypermarcas SA (a) | 38,017 | 299,596 | ||||||
Investimentos Itau SA | 69,056 | 493,514 | ||||||
Investimentos Itau SA Preference Shares | 355,397 | 1,859,518 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 278,628 | 4,959,578 | ||||||
JBS SA (a) | 116,020 | 391,269 | ||||||
Klabin SA Preference Shares | 64,515 | 446,343 | ||||||
LLX Logistica SA (a) | 68,152 | 70,979 | ||||||
Lojas Americanas SA Preference Shares | 133,858 | 1,155,121 | ||||||
Lojas Renner SA | 23,424 | 878,480 | ||||||
Metalurgica Gerdau SA Preference Shares | 62,621 | 605,604 | ||||||
MMX Mineracao e Metalicos SA (a) | 20,999 | 23,016 | ||||||
MRV Engenharia e Participacoes SA | 2,213 | 9,208 | ||||||
Multiplan Empreendimentos Imobiliarios SA | 9,457 | 272,029 | ||||||
Natura Cosmeticos SA | 29,842 | 730,824 | ||||||
OGX Petroleo e Gas Participacoes SA (a) | 94,482 | 108,242 | ||||||
OGX Petroleo e Gas Participacoes SA ADR (a)(b) | 74,346 | 86,985 | ||||||
Oi SA | 473 | 1,630 | ||||||
Oi SA ADR (c) | 17,746 | 59,627 | ||||||
Oi SA ADR (b)(c) | 129,464 | 393,571 | ||||||
Oi SA Preference Shares | 5,156 | 15,598 | ||||||
PDG Realty SA Empreendimentos e Participacoes | 136,959 | 211,244 | ||||||
Petroleo Brasileiro SA ADR (c) | 183,763 | 3,044,953 | ||||||
Petroleo Brasileiro SA ADR (c) | 252,471 | 4,582,349 | ||||||
Souza Cruz SA | 75,861 | 1,111,381 | ||||||
Telefonica Brasil SA Preference Shares | 43,978 | 1,176,687 | ||||||
Tim Participacoes SA | 26,616 | 117,745 | ||||||
Tim Participacoes SA ADR | 25,504 | 558,028 | ||||||
Totvs SA | 15,263 | 313,685 | ||||||
Tractebel Energia SA ADR (b) | 3,946 | 68,069 | ||||||
Ultrapar Participacoes SA ADR | 51,406 | 1,304,684 | ||||||
Usinas Siderurgicas de Minas Gerais SA ADR (a)(b) | 75,810 | 405,682 | ||||||
Usinas Siderurgicas de Minas Gerais SA Preference Shares (a) | 21,627 | 116,053 | ||||||
Vale SA ADR (b) | 166,582 | 2,880,203 | ||||||
Vale SA Preference Shares ADR | 254,963 | 4,214,538 | ||||||
Weg SA | 24,345 | 314,402 | ||||||
62,069,490 | ||||||||
CHILE — 11.0% | ||||||||
Almendral SA | 2,651,140 | 427,667 | ||||||
Antarchile SA | 41,007 | 664,978 | ||||||
Banco de Chile ADR (b) | 6,368 | 603,814 | ||||||
Banco de Credito e Inversiones | 10,356 | 736,939 | ||||||
Banco Santander Chile ADR (b) | 7,752 | 220,699 | ||||||
CAP SA | 20,566 | 666,569 | ||||||
Cencosud SA | 207,010 | 1,285,722 | ||||||
Compania General de Electricidad SA | 117,249 | 738,165 | ||||||
Empresa Nacional de Electricidad SA ADR (b) | 18,812 | 998,541 | ||||||
Empresas CMPC SA | 208,566 | 759,547 | ||||||
Empresas COPEC SA | 77,617 | 1,126,866 | ||||||
Enersis SA ADR | 58,662 | 1,128,657 | ||||||
Latam Airlines Group SA, ADR (b) | 38,603 | 839,229 | ||||||
SACI Falabella | 134,070 | 1,614,240 |
See accompanying notes to financial statements.
143
SPDR S&P Emerging Latin America ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Sociedad Quimica y Minera de Chile SA ADR | 7,249 | $ | 401,957 | |||||
12,213,590 | ||||||||
COLOMBIA — 4.1% | ||||||||
Almacenes Exito SA | 25,547 | 461,188 | ||||||
BanColombia SA ADR | 15,658 | 990,368 | ||||||
Ecopetrol SA, ADR (b) | 23,491 | 1,280,729 | ||||||
Grupo Argos SA | 37,631 | 447,949 | ||||||
Grupo Aval Acciones y Valores Preference Shares | 548,387 | 386,991 | ||||||
Grupo de Inversiones Suramericana SA | 27,410 | 584,787 | ||||||
Grupo Nutresa SA | 30,833 | 438,544 | ||||||
4,590,556 | ||||||||
MEXICO — 24.5% | ||||||||
Alfa SAB de CV (Class A) | 514,991 | 1,258,768 | ||||||
America Movil SAB de CV (b) | 5,890,261 | 6,248,689 | ||||||
Cemex SAB de CV (a)(b) | 1,296,399 | 1,579,110 | ||||||
Corporacion GEO SAB de CV (a)(b) | 97,599 | 58,848 | ||||||
Desarrolladora Homex SAB de CV (a)(b) | 48,099 | 72,777 | ||||||
Empresas ICA SAB de CV (a) | 87,483 | 292,174 | ||||||
Fomento Economico Mexicano SAB de CV | 232,394 | 2,617,344 | ||||||
Grupo Aeroportuario del Sureste SAB de CV (b) | 46,340 | 630,252 | ||||||
Grupo Bimbo SAB de CV (b) | 384,412 | 1,230,265 | ||||||
Grupo Carso SA de CV (b) | 113,377 | 632,621 | ||||||
Grupo Elektra SA de CV | 7,827 | 308,693 | ||||||
Grupo Financiero Banorte SAB de CV | 249,719 | 1,997,080 | ||||||
Grupo Financiero Inbursa SA | 368,567 | 1,076,206 | ||||||
Grupo Mexico SAB de CV | 384,005 | 1,552,620 | ||||||
Grupo Modelo SAB de CV (b) | 98,283 | 891,697 | ||||||
Grupo Televisa SA de CV (Series CPO) (b) | 224,315 | 1,191,642 | ||||||
Grupo Televisa SA de CV ADR | 1,795 | 47,765 | ||||||
Impulsora Del Desarrollo Y El Empleo en America Latina SA de CV (a) | 283,925 | 613,909 | ||||||
Industrias Penoles SA de CV | 13,788 | 655,277 | ||||||
Inmuebles Carso SAB de CV (a) | 153,620 | 152,884 | ||||||
Kimberly-Clark de Mexico SAB de CV | 319,460 | 1,116,116 | ||||||
Minera Frisco SAB de CV (a)(b) | 116,544 | 505,877 | ||||||
TV Azteca SAB de CV (b) | 509,812 | 361,934 | ||||||
Urbi Desarrollos Urbanos SA de CV (a)(b) | 118,040 | 30,421 | ||||||
Wal-Mart de Mexico SAB de CV | 687,606 | 2,251,313 | ||||||
27,374,282 | ||||||||
PERU — 3.8% | ||||||||
Compania de Minas Buenaventura SA ADR | 31,535 | 818,649 | ||||||
Compania Minera Milpo SA | 156,255 | 133,330 | ||||||
Credicorp, Ltd. | 9,930 | 1,648,876 | ||||||
Minsur SA | 367,720 | 319,448 | ||||||
Southern Copper Corp. (b) | 25,248 | 948,567 | ||||||
Volcan Compania Minera SAA (Class B) | 400,864 | 342,049 | ||||||
4,210,919 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $126,840,002) | 110,458,837 | |||||||
SHORT TERM INVESTMENTS — 10.2% | ||||||||
UNITED STATES — 10.2% | ||||||||
MONEY MARKET FUNDS — 10.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 11,122,062 | 11,122,062 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (e)(f) | 213,181 | 213,181 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $11,335,243) | 11,335,243 | |||||||
TOTAL INVESTMENTS — 109.3% | ||||||||
(Cost $138,175,245) | 121,794,080 | |||||||
OTHER ASSETS & LIABILITIES — (9.3)% | (10,314,665 | ) | ||||||
NET ASSETS — 100.0% | $ | 111,479,415 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 31, 2013. | |||||
(c) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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. |
ADR = American Depositary Receipt
ADS = American Depositary Shares
See accompanying notes to financial statements.
144
SPDR S&P Emerging Middle East & Africa ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.3% | ||||||||
EGYPT — 3.9% | ||||||||
Arab Cotton Ginning | 38,718 | $ | 20,432 | |||||
Commercial International Bank Egypt SAE | 117,000 | 526,608 | ||||||
Eastern Tobacco | 21,207 | 299,228 | ||||||
Egyptian Financial Group-Hermes Holding (a) | 88,888 | 131,312 | ||||||
Egyptian Kuwait Holding Co. | 134,732 | 161,678 | ||||||
ElSwedy Electric Co. | 20,659 | 57,758 | ||||||
Ezz Steel | 54,707 | 73,821 | ||||||
Juhayna Food Industries | 78,495 | 90,344 | ||||||
Maridive & Oil Services SAE (a) | 40,352 | 44,791 | ||||||
Orascom Construction Industries (a) | 23,301 | 826,198 | ||||||
Orascom Telecom Holding SAE GDR (a) | 14,194 | 45,137 | ||||||
Palm Hills Developments SAE (a) | 104,083 | 31,058 | ||||||
Sidi Kerir Petrochemicals Co. | 60,744 | 119,380 | ||||||
Six of October Development & Investment Co. (a) | 25,493 | 72,473 | ||||||
Talaat Moustafa Group (a) | 284,714 | 157,778 | ||||||
Telecom Egypt | 99,065 | 192,799 | ||||||
2,850,795 | ||||||||
MOROCCO — 3.0% | ||||||||
Attijariwafa Bank | 23,109 | 855,849 | ||||||
Banque Centrale Populaire | 18,483 | 410,714 | ||||||
Banque Marocaine du Commerce Exterieur | 19,928 | 392,084 | ||||||
Banque Marocaine pour le Commerce et l’Industrie SA | 2,510 | 228,010 | ||||||
Douja Promotion Groupe Addoha SA | 15,979 | 109,444 | ||||||
Maroc Telecom | 20,789 | 256,001 | ||||||
2,252,102 | ||||||||
SOUTH AFRICA — 92.4% | ||||||||
ABSA Group, Ltd. (b) | 53,152 | 897,989 | ||||||
Acucap Properties, Ltd. | 23,972 | 130,515 | ||||||
Adcock Ingram Holdings, Ltd. (b) | 38,177 | 252,129 | ||||||
Adcorp Holdings, Ltd. | 12,379 | 41,153 | ||||||
AECI, Ltd. | 32,741 | 364,152 | ||||||
Afgri, Ltd. | 86,217 | 50,277 | ||||||
African Bank Investments, Ltd. (b) | 169,074 | 558,208 | ||||||
African Oxygen, Ltd. | 23,363 | 58,086 | ||||||
African Rainbow Minerals, Ltd. | 21,591 | 445,543 | ||||||
Allied Electronics Corp., Ltd. Preference Shares | 48,051 | 108,940 | ||||||
Allied Technologies, Ltd. | 11,499 | 46,375 | ||||||
Anglo Platinum, Ltd. (a)(b) | 11,077 | 461,410 | ||||||
AngloGold Ashanti, Ltd. | 81,290 | 1,905,800 | ||||||
Aquarius Platinum, Ltd. (a)(b) | 83,082 | 59,924 | ||||||
ArcelorMittal South Africa, Ltd. (a) | 29,899 | 92,684 | ||||||
Aspen Pharmacare Holdings, Ltd. | 66,127 | 1,376,605 | ||||||
Assore, Ltd. (b) | 11,622 | 393,398 | ||||||
Astral Foods, Ltd. | 9,478 | 97,327 | ||||||
Aveng, Ltd. | 87,518 | 307,834 | ||||||
AVI, Ltd. | 58,283 | 341,206 | ||||||
Barloworld, Ltd. | 50,303 | 525,485 | ||||||
Basil Read Holdings, Ltd. (a) | 31,780 | 41,221 | ||||||
Bidvest Group, Ltd. | 63,453 | 1,676,228 | ||||||
Blue Label Telecoms, Ltd. | 56,628 | 48,700 | ||||||
Brait SE (a)(b) | 84,654 | 321,105 | ||||||
Business Connexion Group, Ltd. | 65,997 | 41,795 | ||||||
Capital Property Fund | 393,017 | 477,646 | ||||||
Cipla Medpro South Africa, Ltd. | 87,934 | 89,329 | ||||||
City Lodge Hotels, Ltd. | 5,810 | 72,827 | ||||||
Clicks Group, Ltd. | 69,103 | 436,787 | ||||||
Coronation Fund Managers, Ltd. | 44,153 | 231,005 | ||||||
DataTec, Ltd. (b) | 64,670 | 355,971 | ||||||
Discovery Holdings, Ltd. | 80,368 | 685,381 | ||||||
DRDGOLD, Ltd. | 106,653 | 83,235 | ||||||
Emira Property Fund | 50,096 | 79,722 | ||||||
Eqstra Holdings, Ltd. | 86,767 | 62,892 | ||||||
Exxaro Resources, Ltd. (b) | 40,301 | 717,335 | ||||||
FirstRand, Ltd. | 509,757 | 1,789,118 | ||||||
Fountainhead Property Trust | 389,057 | 379,963 | ||||||
Gold Fields, Ltd. | 163,757 | 1,254,802 | ||||||
Grindrod, Ltd. | 110,436 | 240,747 | ||||||
Group Five, Ltd. | 24,095 | 94,547 | ||||||
Growthpoint Properties, Ltd. | 278,521 | 818,157 | ||||||
Harmony Gold Mining Co., Ltd. | 83,513 | 538,065 | ||||||
Hudaco Industries, Ltd. | 5,467 | 56,252 | ||||||
Hyprop Investments, Ltd. | 52,682 | 420,046 | ||||||
Illovo Sugar, Ltd. | 44,277 | 153,471 | ||||||
Impala Platinum Holdings, Ltd. (b) | 113,435 | 1,676,589 | ||||||
Imperial Holdings, Ltd. (b) | 35,021 | 802,497 | ||||||
Investec, Ltd. | 38,657 | 270,763 | ||||||
JD Group, Ltd. | 32,247 | 122,353 | ||||||
JSE, Ltd. | 17,184 | 133,547 | ||||||
Kumba Iron Ore, Ltd. (b) | 17,846 | 956,972 | ||||||
Lewis Group, Ltd. (b) | 19,507 | 137,418 | ||||||
Liberty Holdings, Ltd. | 24,151 | 315,890 | ||||||
Life Healthcare Group Holdings, Ltd. | 184,069 | 694,187 | ||||||
Massmart Holdings, Ltd. | 20,703 | 429,317 | ||||||
Medi-Clinic Corp., Ltd. | 81,818 | 572,537 | ||||||
Merafe Resources, Ltd. (a) | 362,770 | 28,865 | ||||||
MMI Holdings, Ltd. | 274,513 | 695,076 | ||||||
Mondi, Ltd. | 28,792 | 390,716 | ||||||
Mpact, Ltd. | 39,730 | 101,290 | ||||||
Mr. Price Group, Ltd. | 60,539 | 771,976 | ||||||
MTN Group, Ltd. (b) | 340,291 | 5,989,481 | ||||||
Murray & Roberts Holdings, Ltd. (a) | 93,244 | 238,739 | ||||||
Nampak, Ltd. | 130,929 | 458,101 | ||||||
Naspers, Ltd. | 90,140 | 5,628,315 | ||||||
Nedbank Group, Ltd. (b) | 51,321 | 1,065,807 | ||||||
Netcare, Ltd. | 284,580 | 615,102 | ||||||
Northam Platinum, Ltd. (a) | 78,934 | 341,566 | ||||||
Omnia Holdings, Ltd. | 10,945 | 188,492 | ||||||
Petmin, Ltd. | 124,340 | 29,139 | ||||||
Pick n Pay Stores, Ltd. | 73,616 | 341,583 | ||||||
Pick’ n Pay Holdings, Ltd. (b) | 52,710 | 106,346 | ||||||
Pioneer Foods, Ltd. | 20,054 | 156,441 | ||||||
PPC, Ltd. | 124,990 | 436,640 | ||||||
Raubex Group, Ltd. | 29,816 | 63,373 | ||||||
Redefine Properties, Ltd. | 579,113 | 624,911 | ||||||
Remgro, Ltd. | 107,598 | 2,147,984 | ||||||
Resilient Property Income Fund, Ltd. | 51,121 | 303,680 | ||||||
Reunert, Ltd. | 38,875 | 325,214 | ||||||
RMB Holdings, Ltd. | 143,502 | 650,686 |
See accompanying notes to financial statements.
145
SPDR S&P Emerging Middle East & Africa ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
RMI Holdings | 175,801 | $ | 446,283 | |||||
SA Corporate Real Estate Fund | 423,908 | 199,607 | ||||||
Sanlam, Ltd. | 417,279 | 2,145,875 | ||||||
Sappi, Ltd. (a) | 122,247 | 382,686 | ||||||
Sasol, Ltd. | 111,148 | 4,934,904 | ||||||
Shoprite Holdings, Ltd. | 75,833 | 1,510,965 | ||||||
Sibanye Gold, Ltd. (a) | 178,824 | 260,991 | ||||||
Standard Bank Group, Ltd. | 286,362 | 3,695,306 | ||||||
Steinhoff International Holdings, Ltd. (a)(b) | 304,881 | 831,121 | ||||||
Sun International, Ltd. | 18,211 | 200,482 | ||||||
Super Group, Ltd. (a) | 65,083 | 172,383 | ||||||
Telkom SA, Ltd. (a) | 47,856 | 78,243 | ||||||
The Foschini Group, Ltd. | 42,498 | 522,514 | ||||||
The Spar Group, Ltd. | 39,015 | 483,390 | ||||||
Tiger Brands, Ltd. (b) | 34,465 | 1,104,449 | ||||||
Times Media Group, Ltd. (a) | 2,996 | 5,388 | ||||||
Tongaat Hulett, Ltd. | 19,261 | 301,161 | ||||||
Truworths International, Ltd. | 97,464 | 957,913 | ||||||
Tsogo Sun Holdings, Ltd. | 45,558 | 122,902 | ||||||
Village Main Reef, Ltd. | 108,392 | 13,232 | ||||||
Vodacom Group, Ltd. (b) | 59,008 | 706,852 | ||||||
Wilson Bayly Holmes-Ovcon, Ltd. | 17,897 | 300,922 | ||||||
Woolworths Holdings, Ltd. | 175,518 | 1,350,661 | ||||||
68,221,210 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $82,341,964) | 73,324,107 | |||||||
SHORT TERM INVESTMENTS — 12.0% | ||||||||
UNITED STATES — 12.0% | ||||||||
MONEY MARKET FUNDS — 12.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 8,779,757 | 8,779,757 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (d)(e) | 47,685 | 47,685 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $8,827,442) | 8,827,442 | |||||||
TOTAL INVESTMENTS — 111.3% | ||||||||
(Cost $91,169,406) | 82,151,549 | |||||||
OTHER ASSETS & LIABILITIES — (11.3)% | (8,355,364 | ) | ||||||
NET ASSETS — 100.0% | $ | 73,796,185 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 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. |
GDR = Global Depositary Receipt
See accompanying notes to financial statements.
146
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.7% | ||||||||
AUSTRALIA — 7.9% | ||||||||
Abacus Property Group | 351,484 | $ | 787,845 | |||||
Alumina, Ltd. (a)(b) | 271,910 | 314,662 | ||||||
Amcor, Ltd. | 61,222 | 592,314 | ||||||
AMP, Ltd. | 112,429 | 610,679 | ||||||
Ansell, Ltd. | 49,996 | 837,622 | ||||||
APA Group | 66,143 | 410,986 | ||||||
Aristocrat Leisure, Ltd. (a) | 101,062 | 385,625 | ||||||
Australia & New Zealand Banking Group, Ltd. | 86,942 | 2,585,998 | ||||||
BHP Billiton, Ltd. | 139,716 | 4,771,850 | ||||||
Billabong International, Ltd. (b) | 72,522 | 55,194 | ||||||
BlueScope Steel, Ltd. (b) | 29,342 | 153,258 | ||||||
Brambles, Ltd. | 96,984 | 856,407 | ||||||
Bunnings Warehouse Property Trust | 131,768 | 326,952 | ||||||
Commonwealth Bank of Australia | 59,074 | 4,188,571 | ||||||
Computershare, Ltd. | 56,335 | 599,067 | ||||||
CSL, Ltd. | 28,341 | 1,750,063 | ||||||
CSR, Ltd. | 96,919 | 208,148 | ||||||
DUET Group | 515,245 | 1,235,487 | ||||||
Envestra, Ltd. | 408 | 449 | ||||||
GWA International, Ltd. (a) | 224,173 | 588,953 | ||||||
Harvey Norman Holdings, Ltd. (a) | 168,784 | 480,386 | ||||||
Hills Industries, Ltd. | 193,911 | 225,410 | ||||||
Insurance Australia Group, Ltd. | 128,550 | 765,253 | ||||||
Lend Lease Group | 77,273 | 821,722 | ||||||
Macquarie Group, Ltd. | 19,766 | 765,551 | ||||||
National Australia Bank, Ltd. | 69,951 | 2,249,081 | ||||||
Newcrest Mining, Ltd. | 47,658 | 996,201 | ||||||
Origin Energy, Ltd. | 65,483 | 906,616 | ||||||
OZ Minerals, Ltd. | 34,232 | 190,220 | ||||||
Perpetual, Ltd. | 14,941 | 627,431 | ||||||
QBE Insurance Group, Ltd. | 44,575 | 627,832 | ||||||
Rio Tinto, Ltd. | 20,646 | 1,231,200 | ||||||
Santos, Ltd. | 51,653 | 669,366 | ||||||
Shopping Centres Australasia Property Group (a)(b) | 12,970 | 22,379 | ||||||
Sonic Healthcare, Ltd. | 52,167 | 757,606 | ||||||
Suncorp Group, Ltd. | 84,247 | 1,038,170 | ||||||
Sydney Airport | 183,204 | 626,478 | ||||||
Tatts Group, Ltd. | 251,651 | 831,677 | ||||||
Toll Holdings, Ltd. | 57,368 | 354,667 | ||||||
Treasury Wine Estates, Ltd. | 37,120 | 220,200 | ||||||
Wesfarmers, Ltd. | 56,830 | 2,381,773 | ||||||
Westfield Group | 68,077 | 770,064 | ||||||
Westfield Retail Trust | 57,974 | 182,531 | ||||||
Westpac Banking Corp. | 97,203 | 3,117,186 | ||||||
Woodside Petroleum, Ltd. | 30,975 | 1,156,734 | ||||||
Woolworths, Ltd. | 66,310 | 2,335,952 | ||||||
WorleyParsons, Ltd. | 16,703 | 429,944 | ||||||
46,041,760 | ||||||||
AUSTRIA — 0.2% | ||||||||
Erste Group Bank AG (b) | 11,081 | 309,198 | ||||||
OMV AG | 11,813 | 503,234 | ||||||
Voestalpine AG | 12,516 | 385,000 | ||||||
1,197,432 | ||||||||
BELGIUM — 1.1% | ||||||||
Ageas | 15,598 | 528,475 | ||||||
Anheuser-Busch InBev NV | 29,875 | 2,963,501 | ||||||
Bekaert NV (a) | 3,312 | 91,778 | ||||||
Delhaize Group (a) | 8,484 | 463,607 | ||||||
Gimv NV | 9,741 | 487,703 | ||||||
KBC Groep NV | 9,062 | 312,673 | ||||||
UCB SA | 11,394 | 728,625 | ||||||
Umicore | 16,596 | 780,938 | ||||||
6,357,300 | ||||||||
CANADA — 9.5% | ||||||||
AGF Management, Ltd. (a) | 22,362 | 237,278 | ||||||
Agnico-Eagle Mines, Ltd. | 9,440 | 387,189 | ||||||
Agrium, Inc. (a) | 12,638 | 1,232,266 | ||||||
ARC Resources, Ltd. (a) | 12,530 | 331,025 | ||||||
Bank of Montreal (a) | 20,258 | 1,274,961 | ||||||
Bank of Nova Scotia (a) | 40,223 | 2,340,254 | ||||||
Barrick Gold Corp. | 40,483 | 1,189,047 | ||||||
BCE, Inc. (a) | 9,204 | 429,964 | ||||||
Bombardier, Inc. (Class B) | 99,533 | 394,821 | ||||||
Brookfield Asset Management, Inc. (Class A) | 24,378 | 890,225 | ||||||
Cameco Corp. (a) | 26,655 | 553,066 | ||||||
Canadian Imperial Bank of Commerce (a) | 14,934 | 1,171,260 | ||||||
Canadian National Railway Co. (a) | 23,247 | 2,336,255 | ||||||
Canadian Natural Resources, Ltd. (a) | 50,931 | 1,632,780 | ||||||
Canadian Oil Sands, Ltd. | 23,253 | 479,273 | ||||||
Canadian Pacific Railway, Ltd. (a) | 11,953 | 1,559,379 | ||||||
Canadian Western Bank (a) | 28,309 | 789,960 | ||||||
Cenovus Energy, Inc. | 25,817 | 799,452 | ||||||
CGI Group, Inc. (Class A) (a)(b) | 49,811 | 1,353,690 | ||||||
Crescent Point Energy Corp. (a) | 23,896 | 902,024 | ||||||
Eldorado Gold Corp. | 22,166 | 211,853 | ||||||
Enbridge, Inc. | 29,699 | 1,382,709 | ||||||
EnCana Corp. (a) | 31,678 | 616,130 | ||||||
Fairfax Financial Holdings, Ltd. | 1,438 | 561,442 | ||||||
First Quantum Minerals, Ltd. | 29,355 | 558,235 | ||||||
Fortis, Inc. (a) | 8,377 | 281,583 | ||||||
Gildan Activewear, Inc. | 16,818 | 670,932 | ||||||
Goldcorp, Inc. | 33,690 | 1,133,446 | ||||||
Husky Energy, Inc. (a) | 23,226 | 666,637 | ||||||
IAMGOLD Corp. | 28,355 | 204,579 | ||||||
Imperial Oil, Ltd. | 20,226 | 826,599 | ||||||
Intact Financial Corp. (a) | 4,737 | 290,249 | ||||||
Kinross Gold Corp. | 36,842 | 291,559 | ||||||
Lululemon Athletica, Inc. (a)(b) | 3,647 | 227,087 | ||||||
Magna International, Inc. (Class A) | 19,009 | 1,117,208 | ||||||
Manulife Financial Corp. | 69,764 | 1,027,284 | ||||||
National Bank of Canada (a) | 6,282 | 461,342 | ||||||
New Gold, Inc. (b) | 20,064 | 182,481 | ||||||
Nordion, Inc. | 37,060 | 245,863 | ||||||
Pacific Rubiales Energy Corp. | 11,725 | 247,437 | ||||||
Pembina Pipeline Corp. (a) | 10,335 | 326,545 | ||||||
Penn West Petroleum, Ltd. (a) | 17,146 | 184,295 | ||||||
Potash Corp. of Saskatchewan, Inc. | 42,255 | 1,659,505 | ||||||
Power Corp. of Canada (a) | 12,530 | 336,699 | ||||||
Power Financial Corp. (a) | 10,436 | 307,548 | ||||||
Research In Motion, Ltd. (a)(b) | 21,699 | 322,297 |
See accompanying notes to financial statements.
147
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Richelieu Hardware, Ltd. | 26,450 | $ | 1,020,562 | |||||
Rogers Communications, Inc. (Class B) (a) | 25,266 | 1,290,470 | ||||||
Royal Bank of Canada (a) | 53,366 | 3,214,724 | ||||||
Russel Metals, Inc. (a) | 24,452 | 694,606 | ||||||
Shaw Communications, Inc. (Class B) (a) | 27,359 | 677,546 | ||||||
Sherritt International Corp. (a) | 54,669 | 271,206 | ||||||
Shoppers Drug Mart Corp. (a) | 9,204 | 393,817 | ||||||
Silver Wheaton Corp. | 13,394 | 419,242 | ||||||
SNC-Lavalin Group, Inc. | 6,683 | 279,700 | ||||||
Sun Life Financial, Inc. (a) | 25,936 | 707,659 | ||||||
Suncor Energy, Inc. | 73,071 | 2,189,361 | ||||||
Talisman Energy, Inc. | 57,781 | 706,373 | ||||||
Teck Resources, Ltd. (Class B) | 26,948 | 758,613 | ||||||
TELUS Corp. | 12,505 | 863,577 | ||||||
The Toronto-Dominion Bank (a) | 33,026 | 2,749,485 | ||||||
Thomson Reuters Corp. (a) | 14,223 | 461,430 | ||||||
Tim Hortons, Inc. | 7,112 | 386,489 | ||||||
TMX Group, Ltd. | 1,647 | 90,119 | ||||||
TransCanada Corp. (a) | 29,762 | 1,420,795 | ||||||
Turquoise Hill Resources, Ltd. (a)(b) | 16,325 | 103,965 | ||||||
Valeant Pharmaceuticals International, Inc. (b) | 11,300 | 848,209 | ||||||
Yamana Gold, Inc. (a) | 45,120 | 695,042 | ||||||
54,868,703 | ||||||||
CHINA — 0.5% | ||||||||
Chong Hing Bank, Ltd. | 226,000 | 554,326 | ||||||
Dah Sing Banking Group, Ltd. | 445,527 | 611,816 | ||||||
Dah Sing Financial Holdings, Ltd. | 49,685 | 260,181 | ||||||
Hongkong Land Holdings, Ltd. | 114,000 | 844,740 | ||||||
Sino Land Co., Ltd. | 249,047 | 422,209 | ||||||
Transport International Holdings, Ltd. | 218,800 | 490,441 | ||||||
3,183,713 | ||||||||
DENMARK — 1.3% | ||||||||
A P Moller — Maersk A/S | 111 | 868,039 | ||||||
Danske Bank A/S (b) | 33,625 | 602,360 | ||||||
DSV A/S (a) | 30,675 | 742,372 | ||||||
FLSmidth & Co. A/S (a) | 7,882 | 478,038 | ||||||
GN Store Nord A/S | 49,583 | 883,962 | ||||||
Novo Nordisk A/S (Class B) | 18,686 | 3,041,645 | ||||||
SimCorp A/S (a) | 2,218 | 596,000 | ||||||
Vestas Wind Systems A/S (a)(b) | 10,748 | 86,088 | ||||||
7,298,504 | ||||||||
FINLAND — 1.1% | ||||||||
Amer Sports Oyj (Class A) | 4,523 | 74,749 | ||||||
Elisa Oyj (a) | 18,609 | 346,250 | ||||||
Fortum Oyj | 15,069 | 304,183 | ||||||
Kemira Oyj (a) | 24,671 | 342,778 | ||||||
Kesko Oyj (Class B) | 2,521 | 78,891 | ||||||
Kone Oyj (Class B) (a) | 2,490 | 196,161 | ||||||
Konecranes Oyj (a) | 2,316 | 76,580 | ||||||
Lassila & Tikanoja Oyj | 24,820 | 399,667 | ||||||
Metso Oyj (a) | 12,309 | 524,600 | ||||||
Neste Oil Oyj (a) | 19,567 | 276,386 | ||||||
Nokia Oyj (a) | 145,355 | 471,105 | ||||||
Pohjola Bank PLC (a) | 30,583 | 445,340 | ||||||
Sampo Oyj (Class A) | 20,447 | 787,679 | ||||||
Sanoma Oyj (a) | 20,577 | 189,056 | ||||||
Stockmann Oyj Abp (Class B) (a) | 13,188 | 206,942 | ||||||
Stora Enso Oyj | 40,113 | 259,348 | ||||||
Tikkurila Oyj | 6,171 | 129,957 | ||||||
UPM-Kymmene Oyj | 29,213 | 326,545 | ||||||
Wartsila Oyj (a) | 8,207 | 369,378 | ||||||
YIT Oyj | 18,139 | 378,500 | ||||||
6,184,095 | ||||||||
FRANCE — 6.9% | ||||||||
Accor SA | 11,408 | 396,988 | ||||||
Air Liquide SA | 9,990 | 1,215,852 | ||||||
Alcatel-Lucent (a)(b) | 133,298 | 179,897 | ||||||
Alstom SA | 10,308 | 420,259 | ||||||
AXA SA | 67,113 | 1,155,671 | ||||||
BNP Paribas | 34,266 | 1,761,798 | ||||||
Bourbon SA | 10,051 | 278,586 | ||||||
Bouygues SA | 12,632 | 343,231 | ||||||
Cap Gemini SA | 9,544 | 435,068 | ||||||
Carrefour SA | 26,709 | 732,413 | ||||||
Casino Guichard-Perrachon SA | 5,435 | 572,145 | ||||||
Compagnie de Saint-Gobain | 20,564 | 763,668 | ||||||
Compagnie Generale de Geophysique-Veritas (b) | 17,028 | 384,179 | ||||||
Compagnie Generale des Etablissements Michelin | 9,357 | 783,999 | ||||||
Credit Agricole SA (b) | 13,413 | 110,679 | ||||||
Danone | 26,891 | 1,874,327 | ||||||
Edenred | 11,408 | 373,989 | ||||||
EDF SA (a) | 10,205 | 196,039 | ||||||
Essilor International SA | 14,072 | 1,567,559 | ||||||
France Telecom SA | 69,773 | 706,908 | ||||||
GDF Suez | 54,502 | 1,051,189 | ||||||
Hermes International (a) | 2,971 | 1,033,309 | ||||||
Hi-Media SA (b) | 78,432 | 176,250 | ||||||
L’Oreal SA | 3,298 | 523,864 | ||||||
Lafarge SA | 7,827 | 520,925 | ||||||
Lagardere SCA | 10,386 | 383,095 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 8,332 | 1,432,612 | ||||||
Nexans SA | 5,674 | 261,129 | ||||||
Pernod — Ricard SA | 10,532 | 1,314,681 | ||||||
Peugeot SA (a)(b) | 13,115 | 95,151 | ||||||
PPR | 4,532 | 997,469 | ||||||
Publicis Groupe SA | 13,392 | 899,557 | ||||||
Renault SA | 9,151 | 574,320 | ||||||
Sanofi | 40,202 | 4,092,184 | ||||||
Schneider Electric SA | 22,580 | 1,652,713 | ||||||
Sechilienne-Sidec SA | 12,521 | 222,362 | ||||||
Societe de la Tour Eiffel | 3,536 | 202,056 | ||||||
Societe Generale (b) | 24,456 | 804,883 | ||||||
Sodexo | 7,743 | 722,840 | ||||||
Technip SA | 8,161 | 838,153 | ||||||
Total SA | 84,229 | 4,040,257 | ||||||
Unibail-Rodamco SE | 3,213 | 749,660 | ||||||
Valeo SA | 9,751 | 528,585 | ||||||
Vallourec SA | 7,077 | 340,784 | ||||||
Veolia Environnement SA | 25,481 | 321,901 | ||||||
Vinci SA | 21,752 | 981,661 |
See accompanying notes to financial statements.
148
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Vivendi SA | 42,172 | $ | 872,676 | |||||
39,887,521 | ||||||||
GERMANY — 6.7% | ||||||||
Adidas AG | 12,954 | 1,346,374 | ||||||
Allianz SE | 17,486 | 2,378,976 | ||||||
BASF SE | 34,001 | 2,982,896 | ||||||
Bayer AG | 31,258 | 3,229,935 | ||||||
Bayerische Motoren Werke AG | 14,708 | 1,271,252 | ||||||
Bilfinger SE | 7,002 | 728,562 | ||||||
Commerzbank AG (a)(b) | 89,221 | 131,181 | ||||||
Daimler AG | 40,113 | 2,186,303 | ||||||
Deutsche Bank AG | 34,409 | 1,343,874 | ||||||
Deutsche Boerse AG | 9,099 | 552,011 | ||||||
Deutsche Post AG | 39,823 | 919,182 | ||||||
Deutsche Telekom AG | 112,870 | 1,195,145 | ||||||
E.ON AG | 67,904 | 1,187,602 | ||||||
Fresenius Medical Care AG & Co. KGaA | 11,636 | 786,685 | ||||||
Fresenius SE | 7,856 | 971,362 | ||||||
GEA Group AG | 22,578 | 745,394 | ||||||
Henkel AG & Co. KGaA Preference Shares | 6,622 | 638,513 | ||||||
Hochtief AG (b) | 5,793 | 377,444 | ||||||
Infineon Technologies AG | 78,400 | 620,148 | ||||||
K+S AG | 8,926 | 415,894 | ||||||
Lanxess AG | 3,093 | 219,715 | ||||||
Linde AG | 6,066 | 1,129,845 | ||||||
MAN SE | 3,163 | 340,647 | ||||||
Merck KGaA | 5,398 | 815,846 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 8,719 | 1,633,505 | ||||||
Porsche Automobil Holding SE Preference Shares | 8,763 | 641,621 | ||||||
Puma AG Rudolf Dassler Sport | 1,328 | 415,237 | ||||||
Rheinmetall AG | 1,444 | 66,910 | ||||||
RWE AG | 18,126 | 676,738 | ||||||
Salzgitter AG | 3,433 | 138,046 | ||||||
SAP AG | 36,973 | 2,967,313 | ||||||
Siemens AG | 32,504 | 3,507,275 | ||||||
ThyssenKrupp AG (b) | 17,378 | 354,029 | ||||||
Volkswagen AG | 3,763 | 709,106 | ||||||
Volkswagen AG Preference Shares | 5,664 | 1,127,336 | ||||||
Wincor Nixdorf AG | 7,497 | 373,042 | ||||||
39,124,944 | ||||||||
GREECE — 0.1% | ||||||||
Coca Cola Hellenic Bottling Co. SA | 9,769 | 262,178 | ||||||
Hellenic Telecommunications Organization SA ADR (b) | 72,174 | 221,574 | ||||||
National Bank of Greece SA ADR (b) | 42,921 | 38,354 | ||||||
522,106 | ||||||||
HONG KONG — 2.4% | ||||||||
Bank of East Asia, Ltd. (a) | 178,099 | 702,058 | ||||||
CLP Holdings, Ltd. | 107,500 | 941,689 | ||||||
Esprit Holdings, Ltd. (a) | 152,719 | 183,751 | ||||||
Hang Lung Group, Ltd. | 115,000 | 645,913 | ||||||
Hang Lung Properties, Ltd. | 216,000 | 806,941 | ||||||
Hong Kong Exchanges and Clearing, Ltd. (a) | 67,297 | 1,146,086 | ||||||
Hopewell Holdings | 115,500 | 467,943 | ||||||
Hysan Development Co., Ltd. | 227,841 | 1,150,557 | ||||||
Li & Fung, Ltd. (a) | 444,000 | 612,008 | ||||||
New World Development Co., Ltd. | 556,797 | 942,502 | ||||||
Pacific Basin Shipping, Ltd. (a) | 557,000 | 330,785 | ||||||
Sands China, Ltd. | 85,200 | 441,769 | ||||||
Sun Hung Kai Properties, Ltd. | 102,322 | 1,378,766 | ||||||
Swire Pacific, Ltd. | 59,500 | 758,443 | ||||||
The Link REIT | 286,005 | 1,558,490 | ||||||
Wheelock & Co., Ltd. | 221,000 | 1,177,220 | ||||||
Wing Hang Bank, Ltd. | 54,362 | 577,749 | ||||||
13,822,670 | ||||||||
IRELAND — 0.5% | ||||||||
CRH PLC | 35,780 | 791,174 | ||||||
DCC PLC | 16,288 | 574,128 | ||||||
Grafton Group PLC | 81,010 | 531,671 | ||||||
Irish Bank Resolution Corp., Ltd. (b)(c) | 5,635 | 0 | ||||||
Kingspan Group PLC | 49,949 | 615,739 | ||||||
United Drug PLC (d) | 18,161 | 74,815 | ||||||
United Drug PLC (d) | 87,298 | 359,629 | ||||||
2,947,156 | ||||||||
ISRAEL — 0.4% | ||||||||
Rami Levi Chain Stores Hashikma Marketing 2006, Ltd. | 6,482 | 262,901 | ||||||
Shufersal, Ltd. | 77,808 | 240,430 | ||||||
Strauss Group, Ltd. | 25,669 | 360,853 | ||||||
Teva Pharmaceutical Industries, Ltd. ADR | 42,900 | 1,702,272 | ||||||
2,566,456 | ||||||||
ITALY — 1.5% | ||||||||
Assicurazioni Generali SpA | 18,748 | 292,262 | ||||||
Atlantia SpA | 26,961 | 426,526 | ||||||
Banca Piccolo Credito Valtellinese Scarl | 50,604 | 55,883 | ||||||
Banca Popolare dell’Etruria e del Lazio | 81,614 | 39,028 | ||||||
Banca Popolare di Milano Scarl (b) | 205,199 | 125,819 | ||||||
Banco Popolare Societa Cooperativa (b) | 117,047 | 147,820 | ||||||
Davide Campari-Milano SpA | 125,670 | 979,533 | ||||||
Enel SpA | 147,664 | 482,760 | ||||||
ENI SpA | 87,669 | 1,973,452 | ||||||
Falck Renewables SpA | 215,891 | 234,671 | ||||||
Fiat Industrial SpA | 37,892 | 426,723 | ||||||
Fiat SpA (b) | 44,546 | 237,386 | ||||||
Finmeccanica SpA (a)(b) | 25,928 | 124,853 | ||||||
Intesa Sanpaolo SpA | 400,723 | 587,637 | ||||||
Pirelli & C. SpA | 64,673 | 679,736 | ||||||
Saipem SpA | 16,587 | 510,971 | ||||||
Societa Cattolica di Assicurazioni Scrl (b) | 15,255 | 264,255 | ||||||
Telecom Italia SpA | 430,652 | 304,703 | ||||||
UniCredit SpA (b) | 173,634 | 742,468 | ||||||
8,636,486 | ||||||||
See accompanying notes to financial statements.
149
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
JAPAN — 19.2% | ||||||||
Advantest Corp. (a) | 21,700 | $ | 310,659 | |||||
Aeon Co., Ltd. (a) | 44,220 | 571,445 | ||||||
Aoyama Trading Co., Ltd. | 33,500 | 843,379 | ||||||
Asahi Breweries, Ltd. | 43,536 | 1,041,400 | ||||||
Asahi Kasei Corp. (a) | 110,550 | 738,411 | ||||||
Astellas Pharma, Inc. | 22,110 | 1,189,923 | ||||||
Atom Corp. (a) | 36,200 | 220,234 | ||||||
Bridgestone Corp. | 33,165 | 1,118,199 | ||||||
Canon, Inc. | 44,016 | 1,591,729 | ||||||
Casio Computer Co., Ltd. (a)(b) | 55,500 | 427,967 | ||||||
Central Japan Railway Co. (a) | 11,100 | 1,171,155 | ||||||
Chubu Electric Power Co., Inc. (a) | 33,165 | 406,714 | ||||||
Chugai Pharmaceutical Co., Ltd. | 22,380 | 507,728 | ||||||
Chuo Mitsui Trust Holdings, Inc. (a) | 233,550 | 1,100,432 | ||||||
Colowide Co., Ltd. (a) | 51,500 | 532,966 | ||||||
Credit Saison Co., Ltd. (a) | 33,500 | 835,184 | ||||||
Daiichi Sankyo Co., Ltd. (a) | 33,165 | 640,231 | ||||||
Daikin Industries, Ltd. (a) | 22,110 | 867,751 | ||||||
Daito Trust Construction Co., Ltd. (a) | 11,055 | 943,003 | ||||||
Daiwa Securities Group, Inc. | 110,550 | 771,334 | ||||||
DeNA Co., Ltd. (a) | 6,900 | 187,508 | ||||||
Denso Corp. | 22,110 | 937,124 | ||||||
East Japan Railway Co. | 11,200 | 919,634 | ||||||
Eisai Co., Ltd. (a) | 11,151 | 498,130 | ||||||
FANUC Corp. | 9,655 | 1,487,991 | ||||||
Fast Retailing Co., Ltd. (a) | 1,000 | 325,995 | ||||||
Foster Electric Co., Ltd. (a) | 12,700 | 173,845 | ||||||
FUJIFILM Holdings Corp. (a) | 22,110 | 431,759 | ||||||
Fujitsu, Ltd. (a) | 114,513 | 472,570 | ||||||
Fukuoka Financial Group, Inc. | 110,550 | 567,918 | ||||||
Furukawa Electric Co., Ltd. (a) | 109,550 | 244,687 | ||||||
Hankyu Hanshin Holdings, Inc. (a) | 111,513 | 674,866 | ||||||
Hankyu REIT, Inc. | 32 | 222,251 | ||||||
Heiwa Real Estate REIT, Inc. | 314 | 306,252 | ||||||
Hitachi, Ltd. (a) | 216,475 | 1,250,223 | ||||||
Honda Motor Co., Ltd. | 54,875 | 2,074,884 | ||||||
Hoya Corp. (a) | 32,506 | 605,728 | ||||||
Ibiden Co., Ltd. (a) | 11,500 | 179,313 | ||||||
Ichigo Real Estate Investment Corp. | 437 | 320,708 | ||||||
Industrial & Infrastructure Fund Investment Corp. | 20 | 221,655 | ||||||
Isuzu Motors, Ltd. | 117,000 | 690,651 | ||||||
ITOCHU Corp. (a) | 110,550 | 1,329,845 | ||||||
Japan Digital Laboratory Co., Ltd. | 66,520 | 822,126 | ||||||
Japan Hotel REIT Investment Corp. | 762 | 318,918 | ||||||
Japan Tobacco, Inc. | 43,600 | 1,391,193 | ||||||
JFE Holdings, Inc. (a) | 22,110 | 415,533 | ||||||
JSR Corp. | 22,200 | 451,461 | ||||||
JX Holdings, Inc. | 221,700 | 1,228,523 | ||||||
Kajima Corp. (a) | 214,475 | 583,978 | ||||||
KDDI Corp. (a) | 22,200 | 913,784 | ||||||
Kinki Nippon Tourist Co., Ltd. (a)(b) | 138,000 | 204,020 | ||||||
Kintetsu Corp. (a) | 215,101 | 997,490 | ||||||
Kirin Holdings Co., Ltd. | 7,000 | 112,497 | ||||||
Kiyo Holdings, Inc. (a) | 331,651 | 525,590 | ||||||
Komatsu, Ltd. (a) | 43,920 | 1,050,586 | ||||||
Konica Minolta Holdings, Inc. (a) | 55,275 | 404,480 | ||||||
Kubota Corp. (a) | 106,550 | 1,516,315 | ||||||
Kurita Water Industries, Ltd. (a) | 11,810 | 258,760 | ||||||
Kyocera Corp. | 11,055 | 1,035,892 | ||||||
Kyodo Shiryo Co., Ltd. | 178,000 | 213,933 | ||||||
Kyoritsu Maintenance Co., Ltd. (a) | 9,000 | 254,914 | ||||||
Marubeni Corp. (a) | 112,550 | 841,551 | ||||||
Matsuya Co., Ltd. (a)(b) | 20,000 | 326,101 | ||||||
Medipal Holdings Corp. | 33,699 | 477,062 | ||||||
Meiko Network Japan Co., Ltd. | 19,900 | 264,783 | ||||||
MID Reit, Inc. | 84 | 252,840 | ||||||
Milbon Co., Ltd. (a) | 7,100 | 253,733 | ||||||
MISUMI Group, Inc. (a) | 33,357 | 920,315 | ||||||
Mitsubishi Corp. (a) | 65,738 | 1,218,691 | ||||||
Mitsubishi Electric Corp. | 110,550 | 890,091 | ||||||
Mitsubishi Estate Co., Ltd. | 7,925 | 218,818 | ||||||
Mitsubishi Heavy Industries, Ltd. (a) | 221,101 | 1,258,126 | ||||||
Mitsubishi Motors Corp. (a)(b) | 330,613 | 344,608 | ||||||
Mitsubishi UFJ Financial Group, Inc. (a) | 429,024 | 2,546,218 | ||||||
Mitsui & Co., Ltd. (a) | 98,626 | 1,377,323 | ||||||
Mitsui Chemicals, Inc. (a) | 110,550 | 241,042 | ||||||
Mitsui OSK Lines, Ltd. (a)(b) | 107,550 | 353,467 | ||||||
Mizuho Financial Group, Inc. (a) | 540,900 | 1,144,853 | ||||||
MS&AD Insurance Group Holdings, Inc. (a) | 22,399 | 492,197 | ||||||
Murata Manufacturing Co., Ltd. (a) | 11,100 | 827,601 | ||||||
NGK Insulators, Ltd. (a) | 3,000 | 32,323 | ||||||
Nidec Corp. (a) | 11,100 | 664,678 | ||||||
Nikon Corp. (a) | 21,800 | 517,292 | ||||||
Nintendo Co., Ltd. (a) | 300 | 32,259 | ||||||
Nippon Steel Corp. (a) | 365,101 | 912,558 | ||||||
Nippon Suisan Kaisha, Ltd. | 177,000 | 338,864 | ||||||
Nippon Telegraph & Telephone Corp. | 11,400 | 497,735 | ||||||
Nippon Yusen K.K. (a) | 110,550 | 285,723 | ||||||
Nissan Motor Co., Ltd. (a) | 88,341 | 850,336 | ||||||
Nitto Denko Corp. | 21,400 | 1,267,794 | ||||||
NKSJ Holdings, Inc. (a) | 22,800 | 476,273 | ||||||
Nomura Holdings, Inc. (a) | 142,985 | 877,498 | ||||||
NTT Data Corp. (a) | 112 | 373,453 | ||||||
NTT DoCoMo, Inc. (a) | 768 | 1,160,740 | ||||||
Obayashi Corp. (a) | 110,550 | 529,116 | ||||||
Olympus Corp. (b) | 11,900 | 279,844 | ||||||
ORIX Corp. (a)(b) | 44,110 | 558,764 | ||||||
Panasonic Corp. (a) | 88,650 | 616,647 | ||||||
Resona Holdings, Inc. (a) | 33,200 | 172,321 | ||||||
Ringer Hut Co., Ltd. (a) | 23,000 | 289,885 | ||||||
Riso Kyoiku Co., Ltd. (a) | 3,610 | 356,316 | ||||||
Rohm Co., Ltd. (a) | 11,100 | 407,307 | ||||||
Rohto Pharmaceutical Co., Ltd. | 7,701 | 105,498 | ||||||
Sanrio Co., Ltd. (a) | 3,900 | 174,011 | ||||||
Secom Co., Ltd. | 11,248 | 580,226 | ||||||
Sekisui House SI Investment Co. | 33 | 187,077 | ||||||
Seven & I Holdings Co., Ltd. | 43,728 | 1,448,763 | ||||||
Sharp Corp. (a)(b) | 8,000 | 23,144 | ||||||
Shimizu Corp. (a) | 111,513 | 362,933 | ||||||
Shin-Etsu Chemical Co., Ltd. (a) | 21,917 | 1,456,937 | ||||||
Softbank Corp. (a) | 43,536 | 2,009,639 | ||||||
Sony Corp. (a) | 43,920 | 767,035 | ||||||
Stanley Electric Co., Ltd. | 21,673 | 381,963 | ||||||
Sumitomo Chemical Co., Ltd. (a) | 110,550 | 344,513 |
See accompanying notes to financial statements.
150
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Sumitomo Corp. (a) | 66,175 | $ | 829,123 | |||||
Sumitomo Electric Industries, Ltd. | 43,920 | 542,343 | ||||||
Sumitomo Metal Mining Co., Ltd. (a) | 5,000 | 71,421 | ||||||
Sumitomo Mitsui Financial Group, Inc. (a) | 33,200 | 1,333,014 | ||||||
Sumitomo Realty & Development Co., Ltd. (a) | 4,000 | 152,946 | ||||||
T&D Holdings, Inc. (a) | 33,400 | 403,557 | ||||||
Taisei Corp. (a) | 222,438 | 612,757 | ||||||
Taiyo Yuden Co., Ltd. (a) | 22,800 | 288,092 | ||||||
Takeda Pharmaceutical Co., Ltd. (a) | 33,165 | 1,774,303 | ||||||
Takeuchi Manufacturing Co., Ltd. (a) | 43,900 | 786,763 | ||||||
TDK Corp. (a) | 11,055 | 384,491 | ||||||
Teijin, Ltd. (a) | 114,550 | 265,602 | ||||||
Terumo Corp. (a) | 11,248 | 484,518 | ||||||
The Akita Bank, Ltd. | 110,550 | 308,063 | ||||||
The Aomori Bank, Ltd. (a) | 221,101 | 672,568 | ||||||
The Awa Bank, Ltd. (a) | 110,550 | 686,675 | ||||||
The Bank of Iwate, Ltd. | 11,055 | 447,397 | ||||||
The Bank of Okinawa, Ltd. | 11,055 | 465,034 | ||||||
The Bank of Yokohama, Ltd. (a) | 110,550 | 640,818 | ||||||
The Chiba Bank, Ltd. | 106,550 | 764,957 | ||||||
The Dai-ichi Life Insurance Co., Ltd. | 206 | 277,164 | ||||||
The Daisan Bank, Ltd. | 331,651 | 634,941 | ||||||
The Daishi Bank, Ltd. | 216,176 | 882,914 | ||||||
The Eighteenth Bank, Ltd. | 217,251 | 568,430 | ||||||
The Higo Bank, Ltd. | 110,550 | 706,664 | ||||||
The Hokkoku Bank, Ltd. (a) | 110,550 | 462,095 | ||||||
The Hyakugo Bank, Ltd. | 110,550 | 551,457 | ||||||
The Kansai Electric Power Co., Inc. (b) | 40,000 | 394,810 | ||||||
The Musashino Bank, Ltd. | 11,055 | 433,875 | ||||||
The Nanto Bank, Ltd. (a) | 108,550 | 517,235 | ||||||
The Ogaki Kyoritsu Bank, Ltd. | 110,550 | 402,128 | ||||||
The San-In Godo Bank, Ltd. | 105,550 | 904,843 | ||||||
The Shiga Bank, Ltd. (a) | 110,550 | 754,872 | ||||||
The Shikoku Bank, Ltd. (a) | 216,101 | 664,254 | ||||||
The Toho Bank, Ltd. | 221,101 | 710,195 | ||||||
The Tokyo Electric Power Co., Inc. (a)(b) | 44,575 | 120,896 | ||||||
The Yamagata Bank, Ltd. | 118,176 | 556,817 | ||||||
The Yamanashi Chuo Bank, Ltd. | 110,550 | 504,424 | ||||||
Tohoku Electric Power Co., Inc. (b) | 35,300 | 285,344 | ||||||
Tokio Marine Holdings, Inc. | 33,165 | 934,772 | ||||||
Tokyo Dome Corp. (a) | 117,000 | 665,763 | ||||||
Tokyo Electron, Ltd. (a) | 11,055 | 489,726 | ||||||
Tokyo Gas Co., Ltd. (a) | 112,475 | 614,892 | ||||||
Tokyu Corp. (a) | 110,550 | 833,652 | ||||||
Toray Industries, Inc. (a) | 110,550 | 747,818 | ||||||
Toshiba Corp. (a) | 214,513 | 1,076,900 | ||||||
Toyota Motor Corp. | 88,988 | 4,599,890 | ||||||
Unihair Co., Ltd. (a)(b) | 14,500 | 242,438 | ||||||
Usen Corp. (a)(b) | 208,700 | 341,840 | ||||||
USS Co., Ltd. (a) | 9,901 | 1,163,647 | ||||||
Warabeya Nichiyo Co., Ltd. | 11,300 | 184,247 | ||||||
Yamada Denki Co., Ltd. (a) | 7,728 | 353,029 | ||||||
Zenrin Co., Ltd. | 20,900 | 284,313 | ||||||
111,022,986 | ||||||||
LUXEMBOURG — 0.2% | ||||||||
ArcelorMittal | 33,885 | 437,293 | ||||||
Millicom International Cellular SA (a) | 6,290 | 497,413 | ||||||
Tenaris SA (a) | 7,413 | 150,876 | ||||||
Ternium SA ADR | 9,725 | 197,904 | ||||||
1,283,486 | ||||||||
NETHERLANDS — 3.2% | ||||||||
Aegon NV | 86,139 | 518,876 | ||||||
Akzo Nobel NV | 14,635 | 930,619 | ||||||
ASML Holding NV | 18,479 | 1,245,054 | ||||||
European Aeronautic Defence and Space Co. NV | 22,051 | 1,124,132 | ||||||
Fugro NV | 8,213 | 455,390 | ||||||
Heineken NV | 14,072 | 1,062,507 | ||||||
ING Groep NV (b) | 151,628 | 1,078,084 | ||||||
Koninklijke (Royal) KPN NV (a) | 60,440 | 203,651 | ||||||
Koninklijke Ahold NV | 63,560 | 975,735 | ||||||
Koninklijke DSM NV | 15,804 | 921,546 | ||||||
Koninklijke Philips Electronics NV | 50,562 | 1,498,831 | ||||||
PostNL NV (b) | 26,450 | 52,985 | ||||||
Royal Dutch Shell PLC (Class A) | 145,372 | 4,699,559 | ||||||
SBM Offshore NV (b) | 18,169 | 301,201 | ||||||
TNT Express NV | 22,682 | 166,542 | ||||||
Unilever NV | 68,125 | 2,795,400 | ||||||
Wolters Kluwer NV | 22,594 | 494,235 | ||||||
18,524,347 | ||||||||
NEW ZEALAND — 0.1% | ||||||||
Fisher & Paykel Healthcare Corp., Ltd. | 264,487 | 580,697 | ||||||
NORWAY — 0.8% | ||||||||
DnB NOR ASA | 55,780 | 819,127 | ||||||
Norsk Hydro ASA (a) | 67,615 | 292,602 | ||||||
Orkla ASA | 64,784 | 518,716 | ||||||
StatoilHydro ASA | 45,701 | 1,106,384 | ||||||
Storebrand ASA (b) | 47,337 | 183,991 | ||||||
Telenor ASA | 37,622 | 823,717 | ||||||
Yara International ASA | 16,708 | 757,983 | ||||||
4,502,520 | ||||||||
PORTUGAL — 0.2% | ||||||||
EDP — Energias de Portugal SA | 115,165 | 355,216 | ||||||
Mota — Engil SGPS SA | 96,130 | 229,352 | ||||||
Portugal Telecom SGPS SA (a) | 56,655 | 281,109 | ||||||
Zon Multimedia Servicos de Telecomunicacoes e Multimedia SGPS SA | 133,073 | 562,875 | ||||||
1,428,552 | ||||||||
SINGAPORE — 1.5% | ||||||||
Ascendas REIT | 436,000 | 913,751 | ||||||
CapitaLand, Ltd. (a) | 218,000 | 620,297 | ||||||
City Developments, Ltd. (a) | 111,000 | 1,013,727 | ||||||
Cosco Corp. Singapore, Ltd. (a) | 447,000 | 327,882 | ||||||
Flextronics International, Ltd. (a)(b) | 79,942 | 540,408 | ||||||
Genting Singapore PLC (a) | 444,400 | 535,530 | ||||||
Keppel Corp., Ltd. | 116,975 | 1,056,037 | ||||||
Lippo Malls Indonesia Retail Trust | 655,000 | 271,905 | ||||||
SembCorp Industries, Ltd. | 228,000 | 953,829 | ||||||
Singapore Exchange, Ltd. | 109,000 | 676,527 | ||||||
UOL Group, Ltd. | 231,000 | 1,299,678 |
See accompanying notes to financial statements.
151
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Wilmar International, Ltd. (a) | 108,000 | $ | 300,338 | |||||
8,509,909 | ||||||||
SOUTH KOREA — 4.3% | ||||||||
Bioland, Ltd. | 15,870 | 235,354 | ||||||
CJ CGV Co., Ltd. | 11,010 | 494,292 | ||||||
Cosmochemical Co., Ltd. (b) | 10,890 | 71,452 | ||||||
Credu Corp. | 5,773 | 211,441 | ||||||
Crown Confectionery Co., Ltd. | 1,253 | 297,878 | ||||||
Dae Han Flour Mills Co., Ltd. | 1,628 | 193,148 | ||||||
Digitech Systems Co., Ltd. (b) | 15,897 | 133,737 | ||||||
Dongwon Industries Co., Ltd. | 1,131 | 297,337 | ||||||
Dongyang Mechatronics Corp. | 13,930 | 155,251 | ||||||
Genic Co., Ltd. (b) | 4,677 | 155,115 | ||||||
GS Home Shopping, Inc. | 1,848 | 318,575 | ||||||
Haansoft, Inc. | 22,347 | 378,610 | ||||||
Hana Tour Service, Inc. | 4,976 | 310,832 | ||||||
Harim Co., Ltd. (a)(b) | 89,523 | 283,229 | ||||||
Hotel Shilla Co., Ltd. | 4,637 | 229,224 | ||||||
Hyundai Elevator Co., Ltd. (b) | 1,410 | 113,043 | ||||||
Hyundai Engineering Plastics Co., Ltd. | 53,480 | 256,681 | ||||||
Hyundai Hy Communications & Networks Co., Ltd. | 61,040 | 328,078 | ||||||
Hyundai Mobis | 1,873 | 517,659 | ||||||
Hyundai Securities Co., Ltd. | 190,560 | 1,380,472 | ||||||
INFINITT Co., Ltd. (b) | 13,908 | 135,005 | ||||||
Interpark Corp. | 31,668 | 229,128 | ||||||
Kia Motors Corp. | 5,599 | 279,799 | ||||||
KIWOOM Securities Co., Ltd. | 13,742 | 844,825 | ||||||
Koh Young Technology, Inc. | 7,157 | 217,103 | ||||||
Korea Electric Power Corp. ADR (b) | 79,863 | 1,079,992 | ||||||
KT Corp. ADR (b) | 47,277 | 746,954 | ||||||
KT&G Corp. | 3,847 | 264,857 | ||||||
LG Chem, Ltd. | 762 | 183,548 | ||||||
LG Display Co., Ltd. ADR (a)(b) | 71,862 | 1,035,482 | ||||||
LG Electronics, Inc. (a) | 4,510 | 328,744 | ||||||
LG Household & Health Care, Ltd. | 364 | 201,532 | ||||||
Lotte Samkang Co., Ltd. | 435 | 334,676 | ||||||
Modetour Network, Inc. | 12,467 | 315,989 | ||||||
NHN Corp. | 1,363 | 339,341 | ||||||
POSCO ADR | 26,654 | 1,958,658 | ||||||
Sajo Industries Co., Ltd. (b) | 5,436 | 254,064 | ||||||
Samsung Electronics Co., Ltd. GDR | 11,303 | 7,681,130 | ||||||
Shinsegae Food Co., Ltd. | 2,400 | 201,043 | ||||||
SK Innovation Co., Ltd. | 4,323 | 629,450 | ||||||
SK Telecom Co., Ltd. ADR (a) | 75,801 | 1,354,564 | ||||||
24,977,292 | ||||||||
SPAIN — 2.1% | ||||||||
Abertis Infraestructuras SA (a) | 13,677 | 230,246 | ||||||
Acciona SA | 3,532 | 192,892 | ||||||
Acerinox SA (a) | 21,438 | 220,228 | ||||||
ACS, Actividades de Construccion y Servicios SA | 12,486 | 291,886 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 140,851 | 1,223,201 | ||||||
Banco de Sabadell SA (a)(b) | 66,366 | 122,036 | ||||||
Banco Santander SA | 295,826 | 1,991,278 | ||||||
Distribuidora Internacional de Alimentacion SA | 25,882 | 179,336 | ||||||
Ebro Puleva SA | 3,473 | 69,125 | ||||||
Enagas | 32,413 | 756,055 | ||||||
Faes Farma SA | 86,946 | 223,853 | ||||||
Ferrovial SA | 33,799 | 537,308 | ||||||
Gamesa Corp. Tecnologica SA | 25,637 | 78,351 | ||||||
Gestevision Telecinco SA | 39,494 | 284,050 | ||||||
Iberdrola SA | 195,252 | 910,876 | ||||||
Indra Sistemas SA (a) | 30,532 | 364,617 | ||||||
Industria de Diseno Textil SA | 5,299 | 703,579 | ||||||
NH Hoteles SA (b) | 72,145 | 227,898 | ||||||
Red Electrica Corporacion SA | 14,140 | 712,669 | ||||||
Repsol YPF SA | 37,614 | 765,557 | ||||||
Sacyr Vallehermoso SA (b) | 15,823 | 28,567 | ||||||
Telefonica SA | 139,472 | 1,878,716 | ||||||
11,992,324 | ||||||||
SWEDEN — 2.6% | ||||||||
Alfa Laval AB | 37,680 | 869,850 | ||||||
Assa Abloy AB (Class B) | 32,368 | 1,324,688 | ||||||
Atlas Copco AB (Class B) | 71,266 | 1,804,119 | ||||||
Boliden AB | 25,376 | 409,404 | ||||||
CDON Group AB (a)(b) | 31,532 | 179,435 | ||||||
Electrolux AB (a) | 24,374 | 621,533 | ||||||
Hennes & Mauritz AB (Class B) | 34,387 | 1,232,263 | ||||||
Investor AB | 12,526 | 362,564 | ||||||
Kinnevik Investment AB (Class B) | 28,794 | 699,258 | ||||||
Nordea Bank AB (a) | 84,610 | 960,353 | ||||||
Sandvik AB | 51,910 | 799,966 | ||||||
Scania AB (Class B) | 31,414 | 658,525 | ||||||
Securitas AB (Class B) | 46,273 | 436,612 | ||||||
Skanska AB (Class B) | 39,209 | 710,369 | ||||||
Tele2 AB (Class B) | 31,255 | 545,112 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 139,617 | 1,743,602 | ||||||
TeliaSonera AB | 85,465 | 611,610 | ||||||
Volvo AB (Class A) | 75,861 | 1,105,480 | ||||||
15,074,743 | ||||||||
SWITZERLAND — 7.5% | ||||||||
ABB, Ltd. | 91,747 | 2,074,347 | ||||||
Adecco SA | 10,101 | 554,678 | ||||||
Clariant AG | 34,828 | 485,484 | ||||||
Compagnie Financiere Richemont SA | 13,054 | 1,027,006 | ||||||
Credit Suisse Group AG (a) | 41,900 | 1,102,201 | ||||||
Geberit AG | 3,321 | 819,597 | ||||||
Glencore International PLC (a) | 87,057 | 470,735 | ||||||
Holcim, Ltd. | 11,953 | 954,902 | ||||||
Julius Baer Group, Ltd. | 11,106 | 432,887 | ||||||
Kuehne & Nagel International AG | 4,507 | 492,607 | ||||||
Lonza Group AG | 5,624 | 365,846 | ||||||
Nestle SA | 132,919 | 9,636,084 | ||||||
Nobel Biocare Holding AG (a) | 14,250 | 142,959 | ||||||
Novartis AG | 99,262 | 7,070,301 | ||||||
PSP Swiss Property AG | 10,767 | 983,521 | ||||||
Roche Holding AG | 28,968 | 6,760,577 | ||||||
SGS SA | 438 | 1,076,788 | ||||||
STMicroelectronics NV | 27,538 | 211,462 | ||||||
Sulzer AG | 4,114 | 704,674 | ||||||
Swiss Life Holding AG | 2,868 | 426,134 | ||||||
Syngenta AG | 4,671 | 1,953,341 | ||||||
The Swatch Group AG | 2,550 | 1,486,456 |
See accompanying notes to financial statements.
152
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
UBS AG | 138,591 | $ | 2,129,467 | |||||
Wolseley PLC | 12,521 | 622,280 | ||||||
Zurich Insurance Group AG | 5,723 | 1,596,723 | ||||||
43,581,057 | ||||||||
UNITED KINGDOM — 16.9% | ||||||||
3i Group PLC | 69,819 | 335,013 | ||||||
AMEC PLC | 36,936 | 592,263 | ||||||
Anglo American PLC | 54,668 | 1,404,540 | ||||||
AstraZeneca PLC | 45,653 | 2,287,274 | ||||||
Aviva PLC | 114,022 | 512,831 | ||||||
BAE Systems PLC | 147,137 | 880,946 | ||||||
Balfour Beatty PLC | 102,057 | 363,866 | ||||||
Barclays PLC | 454,830 | 2,010,789 | ||||||
Barratt Developments PLC (b) | 62,573 | 260,433 | ||||||
BG Group PLC | 136,544 | 2,340,816 | ||||||
BHP Billiton PLC | 91,321 | 2,655,462 | ||||||
BP PLC | 772,722 | 5,396,192 | ||||||
British American Tobacco PLC | 65,459 | 3,505,706 | ||||||
British Land Co. PLC | 56,816 | 468,890 | ||||||
British Sky Broadcasting Group PLC | 67,733 | 908,159 | ||||||
BT Group PLC | 317,380 | 1,339,754 | ||||||
Burberry Group PLC | 18,461 | 372,547 | ||||||
Cable & Wireless Communications PLC | 152,069 | 96,843 | ||||||
Cairn Energy PLC (b) | 14,721 | 61,136 | ||||||
Capita Group PLC | 31,347 | 427,914 | ||||||
Carnival PLC | 14,840 | 519,179 | ||||||
Centrica PLC | 203,485 | 1,136,127 | ||||||
Compass Group PLC | 116,589 | 1,487,976 | ||||||
Diageo PLC | 91,339 | 2,877,896 | ||||||
Experian PLC | 37,278 | 645,295 | ||||||
FirstGroup PLC | 52,248 | 159,545 | ||||||
G4S PLC | 121,911 | 539,428 | ||||||
GlaxoSmithKline PLC | 185,733 | 4,338,976 | ||||||
Hays PLC | 232,829 | 340,989 | ||||||
HSBC Holdings PLC | 683,807 | 7,294,249 | ||||||
ICAP PLC | 53,684 | 236,724 | ||||||
Imperial Tobacco Group PLC | 43,602 | 1,522,110 | ||||||
Informa PLC | 77,196 | 617,154 | ||||||
Intercontinental Hotels Group PLC | 37,608 | 1,146,115 | ||||||
Invensys PLC | 74,057 | 394,481 | ||||||
J Sainsbury PLC | 82,213 | 472,506 | ||||||
Kingfisher PLC | 156,077 | 682,072 | ||||||
Land Securities Group PLC | 43,563 | 548,369 | ||||||
Legal & General Group PLC | 323,805 | 849,135 | ||||||
Lloyds Banking Group PLC (b) | 1,340,394 | 990,998 | ||||||
Lonmin PLC (a)(b) | 11,301 | 49,918 | ||||||
Man Group PLC | 91,947 | 124,469 | ||||||
Marks & Spencer Group PLC | 96,673 | 572,493 | ||||||
Mondi PLC | 50,269 | 682,399 | ||||||
National Grid PLC | 169,280 | 1,966,382 | ||||||
Next PLC | 15,508 | 1,028,112 | ||||||
Old Mutual PLC | 251,423 | 773,855 | ||||||
Pearson PLC | 48,041 | 863,703 | ||||||
Persimmon PLC | 43,241 | 701,898 | ||||||
Prudential PLC | 111,108 | 1,796,783 | ||||||
Randgold Resources, Ltd. | 6,945 | 598,992 | ||||||
Reckitt Benckiser Group PLC | 29,855 | 2,138,827 | ||||||
Rentokil Initial PLC | 231,725 | 352,567 | ||||||
Resolution, Ltd. | 77,244 | 319,619 | ||||||
Rio Tinto PLC | 55,716 | 2,609,972 | ||||||
Rolls-Royce Holdings PLC | 94,656 | 1,624,154 | ||||||
Royal Bank of Scotland Group PLC (b) | 78,821 | 329,734 | ||||||
Royal Dutch Shell PLC (Class B) | 106,237 | 3,524,747 | ||||||
RSA Insurance Group PLC | 216,736 | 383,076 | ||||||
SABMiller PLC | 39,847 | 2,095,918 | ||||||
Scottish & Southern Energy PLC | 42,242 | 951,873 | ||||||
Serco Group PLC | 69,002 | 656,946 | ||||||
Shire PLC | 35,839 | 1,090,572 | ||||||
Smith & Nephew PLC | 69,862 | 806,223 | ||||||
Smiths Group PLC | 32,834 | 626,700 | ||||||
Standard Chartered PLC | 70,670 | 1,828,007 | ||||||
Standard Life PLC | 150,506 | 834,842 | ||||||
Tate & Lyle PLC | 59,673 | 770,189 | ||||||
Tesco PLC | �� | 316,694 | 1,834,814 | |||||
The Sage Group PLC | 120,222 | 625,603 | ||||||
Tullow Oil PLC | 50,174 | 937,859 | ||||||
Unilever PLC | 60,146 | 2,542,592 | ||||||
Vodafone Group PLC | 1,916,003 | 5,428,858 | ||||||
William Hill PLC | 39,709 | 223,035 | ||||||
William Morrison Supermarkets PLC | 146,749 | 615,460 | ||||||
WPP PLC | 66,282 | 1,055,776 | ||||||
Xstrata PLC | 80,361 | 1,303,219 | ||||||
97,690,884 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $518,684,920) | 571,807,643 | |||||||
PREFERRED STOCK — 0.2% | ||||||||
SOUTH KOREA — 0.2% | ||||||||
Hyundai Motor Co., Ltd. (Cost $1,055,452) | 15,566 | 1,203,196 | ||||||
RIGHTS — 0.0% (e) | ||||||||
UNITED KINGDOM — 0.0% (e) | ||||||||
William Hill PLC (expiring 4/4/13) (b) (Cost $0) | 8,502 | 16,008 | ||||||
SHORT TERM INVESTMENTS — 8.2% | ||||||||
UNITED STATES — 8.2% | ||||||||
MONEY MARKET FUNDS — 8.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (f)(g) | 46,230,415 | 46,230,415 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (g)(h) | 1,547,840 | 1,547,840 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $47,778,255) | 47,778,255 | |||||||
TOTAL INVESTMENTS — 107.1% | ||||||||
(Cost $567,518,627) | 620,805,102 | |||||||
OTHER ASSETS & LIABILITIES — (7.1)% | (41,252,380 | ) | ||||||
NET ASSETS — 100.0% | $ | 579,552,722 | ||||||
See accompanying notes to financial statements.
153
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(b) | Non-income producing security. | |||||
(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) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(e) | Amount shown represents less than 0.05% of net assets. | |||||
(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. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
PLC = Public Limited Company
REIT = Real Estate Investment Trust
SCA = Societe en Commandite par Actions
See accompanying notes to financial statements.
154
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.9% | ||||||||
AUSTRALIA — 8.2% | ||||||||
Adelaide Brighton, Ltd. | 592,880 | $ | 2,188,098 | |||||
AET&D Holdings No 1 Pty, Ltd. (a)(b) | 110,316 | 0 | ||||||
Alumina, Ltd. (a)(c) | 1,157,522 | 1,339,519 | ||||||
Aristocrat Leisure, Ltd. | 279,082 | 1,064,902 | ||||||
Arrium, Ltd. | 615,050 | 557,862 | ||||||
Atlas Iron, Ltd. | 438,648 | 507,617 | ||||||
Aurora Oil & Gas, Ltd. (a)(c) | 247,530 | 851,606 | ||||||
Ausenco, Ltd. | 138,749 | 558,359 | ||||||
Australian Infrastructure Fund | 259,014 | 826,307 | ||||||
AWE, Ltd. (c) | 853,425 | 1,152,211 | ||||||
Bank of Queensland, Ltd. | 5,380 | 54,126 | ||||||
Beach Energy, Ltd. | 1,126,062 | 1,655,305 | ||||||
Beadell Resources, Ltd. (c) | 403,688 | 382,987 | ||||||
BlueScope Steel, Ltd. (c) | 294,480 | 1,538,120 | ||||||
Boart Longyear Group | 268,555 | 358,377 | ||||||
Bradken, Ltd. (a) | 88,570 | 601,124 | ||||||
carsales.com, Ltd. | 150,094 | 1,470,916 | ||||||
Charter Hall Retail REIT | 199,747 | 814,242 | ||||||
Coalspur Mines, Ltd. (a)(c) | 261,382 | 140,339 | ||||||
CSR, Ltd. | 304,389 | 653,722 | ||||||
David Jones, Ltd. (a) | 277,288 | 864,369 | ||||||
Discovery Metals, Ltd. (a)(c) | 239,231 | 157,128 | ||||||
Downer EDI, Ltd. | 214,012 | 1,106,666 | ||||||
DuluxGroup, Ltd. | 195,316 | 906,138 | ||||||
Energy World Corp., Ltd. (a)(c) | 541,774 | 208,986 | ||||||
Evolution Mining, Ltd. (c) | 265,168 | 405,000 | ||||||
Fairfax Media, Ltd. (a) | 1,016,818 | 667,852 | ||||||
FKP Property Group (a) | 181,782 | 299,436 | ||||||
Fleetwood Corp., Ltd. (a) | 171,014 | 1,658,102 | ||||||
Goodman Fielder, Ltd. (c) | 1,657,983 | 1,227,256 | ||||||
Independence Group NL | 129,129 | 534,455 | ||||||
Infigen Energy (a)(c) | 927,955 | 261,209 | ||||||
Investa Office Fund | 360,525 | 1,150,148 | ||||||
Invocare, Ltd. | 325,009 | 3,720,441 | ||||||
IOOF Holdings, Ltd. | 370,072 | 3,202,293 | ||||||
JB Hi-Fi, Ltd. (a) | 164,985 | 2,538,794 | ||||||
Karoon Gas Australia, Ltd. (c) | 124,641 | 665,315 | ||||||
Kingsgate Consolidated, Ltd. (a) | 85,965 | 348,633 | ||||||
Lynas Corp., Ltd. (a)(c) | 775,581 | 452,806 | ||||||
Medusa Mining, Ltd. | 98,669 | 442,330 | ||||||
Mesoblast, Ltd. (a)(c) | 111,998 | 718,095 | ||||||
Mineral Resources, Ltd. | 76,981 | 849,916 | ||||||
Monadelphous Group, Ltd. (a) | 112,525 | 2,663,003 | ||||||
Mount Gibson Iron, Ltd. | 510,119 | 276,549 | ||||||
Myer Holdings, Ltd. (a) | 304,297 | 935,872 | ||||||
Navitas, Ltd. (a) | 130,653 | 726,011 | ||||||
Nufarm, Ltd. | 116,229 | 478,639 | ||||||
Oakton, Ltd. (a) | 250,816 | 334,705 | ||||||
Pacific Brands, Ltd. | 1,208,091 | 1,083,166 | ||||||
Paladin Energy, Ltd. (a)(c) | 522,273 | 539,051 | ||||||
PanAust, Ltd. | 245,625 | 635,069 | ||||||
Perpetual, Ltd. | 21,424 | 899,677 | ||||||
Perseus Mining, Ltd. (c) | 272,713 | 510,349 | ||||||
Platinum Australia, Ltd. (b)(c) | 610,876 | 0 | ||||||
Primary Health Care, Ltd. (a) | 220,510 | 1,140,267 | ||||||
Programmed Maintenance Services, Ltd. (a) | 252,031 | 672,652 | ||||||
Resolute Mining, Ltd. | 351,765 | 487,754 | ||||||
Roc Oil Co., Ltd. (c) | 998,500 | 520,493 | ||||||
SAI Global, Ltd. | 381,611 | 1,340,749 | ||||||
Senex Energy, Ltd. (c) | 582,421 | 409,862 | ||||||
Seven West Media, Ltd. (a) | 276,064 | 578,499 | ||||||
Sigma Pharmaceuticals, Ltd. | 1,750,796 | 1,350,716 | ||||||
Silver Lake Resources, Ltd. (c) | 141,318 | 310,868 | ||||||
Sims Metal Management, Ltd. | 82,355 | 861,168 | ||||||
Southern Cross Media Group, Ltd. (a) | 427,116 | 694,652 | ||||||
St Barbara, Ltd. (c) | 291,150 | 364,246 | ||||||
STW Communications Group, Ltd. | 778,515 | 1,184,995 | ||||||
Sundance Resources, Ltd. (b)(c) | 1,231,199 | 269,553 | ||||||
Transfield Services, Ltd. | 317,813 | 603,031 | ||||||
UGL, Ltd. (a) | 77,034 | 822,392 | ||||||
Western Areas NL (a) | 112,369 | 399,482 | ||||||
WHK Group, Ltd. | 864,627 | 914,938 | ||||||
61,109,515 | ||||||||
AUSTRIA — 0.6% | ||||||||
AMS AG | 5,219 | 590,269 | ||||||
Atrium European Real Estate, Ltd. | 101,870 | 588,650 | ||||||
BWT AG | 34,352 | 702,253 | ||||||
Schoeller-Bleckmann Oilfield Equipment AG | 17,887 | 1,794,314 | ||||||
Wienerberger AG (a) | 67,401 | 803,872 | ||||||
4,479,358 | ||||||||
BELGIUM — 1.2% | ||||||||
AGFA-Gevaert NV (c)(d) | 196,509 | 353,272 | ||||||
AGFA-Gevaert NV (a)(b)(c)(d) | 42,353 | 0 | ||||||
Barco NV | 28,073 | 2,460,311 | ||||||
Bekaert NV (a) | 20,685 | 573,199 | ||||||
EVS Broadcast Equipment SA | 19,637 | 1,262,306 | ||||||
KBC Ancora (c) | 29,352 | 507,319 | ||||||
Mobistar SA | 21,650 | 487,069 | ||||||
Nyrstar (a) | 81,571 | 380,225 | ||||||
RHJ International (c) | 170,683 | 810,944 | ||||||
Tessenderlo Chemie NV (d) | 43,264 | 1,152,772 | ||||||
Tessenderlo Chemie NV (b)(c)(d) | 4,451 | 0 | ||||||
ThromboGenics NV (c) | 16,167 | 780,370 | ||||||
8,767,787 | ||||||||
BERMUDA — 0.2% | ||||||||
Golden Ocean Group, Ltd. (c) | 358,521 | 344,844 | ||||||
Ship Finance International, Ltd. (a) | 34,067 | 600,942 | ||||||
SmarTone Telecommunications Holding, Ltd. (a) | 8,953 | 14,763 | ||||||
Trinity, Ltd. (a) | 614,000 | 314,014 | ||||||
1,274,563 | ||||||||
CANADA — 10.4% | ||||||||
Advantage Oil & Gas, Ltd. (c) | 132,421 | 490,086 | ||||||
Alacer Gold Corp. (a)(c) | 114,738 | 463,040 | ||||||
Algonquin Power & Utilities Corp. | 81,951 | 600,143 | ||||||
Angle Energy, Inc. (a)(c) | 81,370 | 247,486 | ||||||
Argonaut Gold, Inc. (c) | 66,876 | 542,407 | ||||||
Asanko Gold, Inc. (a)(c) | 54,100 | 173,065 | ||||||
Atlantic Power Corp. (a) | 60,634 | 298,410 | ||||||
AuRico Gold, Inc. (a)(c) | 171,029 | 1,077,401 |
See accompanying notes to financial statements.
155
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Aurizon Mines, Ltd. (c) | 114,803 | $ | 502,853 | |||||
B2Gold Corp. (c) | 180,637 | 549,405 | ||||||
Bankers Petroleum, Ltd. (a)(c) | 151,292 | 397,608 | ||||||
Banro Corp. (a)(c) | 123,004 | 210,667 | ||||||
Birchcliff Energy, Ltd. (a)(c) | 62,778 | 529,561 | ||||||
BlackPearl Resources, Inc. (a)(c) | 167,222 | 383,510 | ||||||
Calfrac Well Services, Ltd. (a) | 20,464 | 549,695 | ||||||
Canfor Corp. (c) | 45,131 | 944,422 | ||||||
Capital Power Corp. (a) | 30,720 | 641,039 | ||||||
Capstone Mining Corp. (c) | 206,231 | 458,765 | ||||||
CCL Industries, Inc. | 11,547 | 680,806 | ||||||
Celestica, Inc. (c) | 108,748 | 877,734 | ||||||
Centerra Gold, Inc. | 74,648 | 444,530 | ||||||
China Gold International Resources Corp., Ltd. (c) | 124,448 | 470,378 | ||||||
Cineplex, Inc. (a) | 30,194 | 1,024,744 | ||||||
CML HealthCare, Inc. (a) | 48,874 | 349,255 | ||||||
Cogeco Cable, Inc. | 8,593 | 385,858 | ||||||
Colossus Minerals, Inc. (a)(c) | 75,445 | 227,980 | ||||||
Continental Gold, Ltd. (c) | 56,678 | 363,739 | ||||||
Copper Mountain Mining Corp. (c) | 69,129 | 185,079 | ||||||
Corus Entertainment, Inc. (Class B) (a) | 152,501 | 3,926,794 | ||||||
Cott Corp. (a) | 75,017 | 757,591 | ||||||
Crew Energy, Inc. (c) | 68,770 | 485,340 | ||||||
Davis & Henderson Corp. (a) | 32,089 | 689,821 | ||||||
Denison Mines Corp. (a)(c) | 275,868 | 377,436 | ||||||
Dominion Diamond Corp. (c) | 45,630 | 745,566 | ||||||
Dorel Industries, Inc. | 14,708 | 592,837 | ||||||
Dundee Corp. (Class A) (c) | 93,172 | 3,209,823 | ||||||
Dundee Precious Metals, Inc. (a)(c) | 58,254 | 452,982 | ||||||
Endeavour Mining Corp. (c) | 227,363 | 335,690 | ||||||
Endeavour Silver Corp. (c) | 61,082 | 380,579 | ||||||
FirstService Corp. (a)(c) | 57,488 | 1,916,550 | ||||||
Fortuna Silver Mines, Inc. (a)(c) | 75,996 | 327,637 | ||||||
Freehold Royalties, Ltd. (a) | 86,771 | 1,996,856 | ||||||
Gabriel Resources, Ltd. (a)(c) | 104,373 | 248,617 | ||||||
GMP Capital, Inc. | 101,503 | 655,406 | ||||||
Golden Star Resources, Ltd. (a)(c) | 331,472 | 531,817 | ||||||
Gran Tierra Energy, Inc. (c) | 151,416 | 883,800 | ||||||
Granite Real Estate Investment Trust | 24,515 | 937,697 | ||||||
Great Basin Gold, Ltd. (c)(e) | 266,255 | 0 | ||||||
Great Canadian Gaming Corp. (a)(c) | 57,650 | 531,700 | ||||||
Guardian Capital Group, Ltd. (Class A) | 218,213 | 2,899,626 | ||||||
Home Capital Group, Inc. | 49,139 | 2,841,109 | ||||||
Horizon North Logistics, Inc. (a) | 73,851 | 415,069 | ||||||
HudBay Minerals, Inc. | 91,543 | 880,334 | ||||||
Imax Corp. (c) | 26,349 | 704,144 | ||||||
Innergex Renewable Energy, Inc. | 57,178 | 542,542 | ||||||
Ithaca Energy, Inc. (a)(c) | 158,846 | 270,489 | ||||||
Just Energy Group, Inc. (a) | 78,865 | 517,771 | ||||||
Kelt Exploration, Ltd. (a)(c) | 21,108 | 138,165 | ||||||
Kirkland Lake Gold, Inc. (a)(c) | 42,138 | 223,143 | ||||||
Lake Shore Gold Corp. (c) | 246,886 | 148,236 | ||||||
Legacy Oil + Gas, Inc. (c) | 75,547 | 405,267 | ||||||
Linamar Corp. | 77,451 | 1,846,413 | ||||||
MacDonald, Dettwiler & Associates, Ltd. | 14,708 | 1,006,158 | ||||||
MAG Silver Corp. (a)(c) | 51,867 | 492,148 | ||||||
Major Drilling Group International, Inc. | 99,682 | 887,959 | ||||||
Maple Leaf Foods, Inc. (a) | 43,052 | 582,248 | ||||||
Martinrea International, Inc. (c) | 101,879 | 820,287 | ||||||
Mullen Group, Ltd. (a) | 42,578 | 938,355 | ||||||
Nevsun Resources, Ltd. | 108,053 | 416,918 | ||||||
Niko Resources, Ltd. | 25,661 | 161,399 | ||||||
Northern Dynasty Minerals, Ltd. (a)(c) | 56,887 | 180,860 | ||||||
Northland Power, Inc. (a) | 36,626 | 666,943 | ||||||
Novagold Resources, Inc. (c) | 115,732 | 424,903 | ||||||
NuVista Energy, Ltd. (a)(c) | 102,099 | 653,225 | ||||||
OceanaGold Corp. (c) | 159,368 | 453,343 | ||||||
Osisko Mining Corp. (c) | 38,838 | 230,516 | ||||||
Parkland Fuel Corp. (a) | 45,219 | 761,105 | ||||||
Pason Systems, Inc. | 40,859 | 712,655 | ||||||
PetroBakken Energy, Ltd. (a) | 60,062 | 522,021 | ||||||
Petrobank Energy & Resources, Ltd. (c) | 54,105 | 37,279 | ||||||
Petrominerales, Ltd. (a) | 50,059 | 304,508 | ||||||
Poseidon Concepts Corp. (b) | 43,064 | 11,445 | ||||||
Premier Gold Mines, Ltd. (a)(c) | 95,387 | 281,668 | ||||||
Pretium Resources, Inc. (c) | 42,071 | 333,769 | ||||||
Rio Alto Mining, Ltd. (c) | 105,668 | 485,722 | ||||||
Romarco Minerals, Inc. (c) | 303,499 | 244,962 | ||||||
RONA, Inc. | 56,772 | 624,746 | ||||||
Rubicon Minerals Corp. (a)(c) | 188,357 | 457,938 | ||||||
Russel Metals, Inc. (a) | 86,210 | 2,448,960 | ||||||
Sabina Gold & Silver Corp. (c) | 82,364 | 153,224 | ||||||
Savanna Energy Services Corp. (a) | 110,022 | 741,819 | ||||||
Seabridge Gold, Inc. (a)(c) | 23,643 | 326,969 | ||||||
Secure Energy Services, Inc. (c) | 54,437 | 654,776 | ||||||
SEMAFO, Inc. (a) | 138,332 | 345,847 | ||||||
Sherritt International Corp. (a) | 158,877 | 788,169 | ||||||
Silver Standard Resources, Inc. (a)(c) | 46,109 | 486,528 | ||||||
Silvercorp Metals, Inc. (a) | 103,242 | 410,549 | ||||||
Southern Pacific Resource Corp. (c) | 302,645 | 238,315 | ||||||
Stantec, Inc. (a) | 52,257 | 2,304,873 | ||||||
Sunshine Oilsands, Ltd. (a)(c) | 932,000 | 248,529 | ||||||
Superior Plus Corp. | 59,345 | 695,118 | ||||||
Tanzanian Royalty Exploration Corp. (a)(c) | 85,544 | 334,278 | ||||||
The North West Co., Inc. | 28,625 | 653,392 | ||||||
Thompson Creek Metals Co., Inc. (a)(c) | 95,055 | 287,237 | ||||||
Torex Gold Resources, Inc. (c) | 304,721 | 521,890 | ||||||
Transcontinental, Inc. (a) | 40,448 | 502,042 | ||||||
TransForce, Inc. | 46,810 | 1,009,045 | ||||||
TransGlobe Energy Corp. (c) | 51,468 | 440,742 | ||||||
Trican Well Service, Ltd. (a) | 74,147 | 1,087,446 | ||||||
Trinidad Drilling, Ltd. | 74,147 | 537,154 | ||||||
Uni-Select, Inc. | 88,321 | 1,716,085 | ||||||
Westport Innovations, Inc. (a)(c) | 23,867 | 705,239 | ||||||
Westshore Terminals Investment Corp. | 30,134 | 846,522 | ||||||
Whitecap Resources, Inc. | 66,867 | 636,453 | ||||||
Wi-Lan, Inc. (a) | 87,765 | 355,915 | ||||||
78,056,709 | ||||||||
See accompanying notes to financial statements.
156
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
CHINA — 1.7% | ||||||||
Allied Properties HK, Ltd. | 4,972,791 | $ | 800,756 | |||||
Cafe de Coral Holdings, Ltd. | 835,867 | 2,546,586 | ||||||
China Sandi Holdings, Ltd. (b)(c) | 103 | 8 | ||||||
Chow Sang Sang Holding International, Ltd. (a) | 251,939 | 743,226 | ||||||
Daphne International Holdings, Ltd. (a) | 570,000 | 715,928 | ||||||
G-Resources Group, Ltd. (c) | 9,549,000 | 498,199 | ||||||
HKR International, Ltd. | 2,739,979 | 1,475,413 | ||||||
K Wah International Holdings, Ltd. | 2,719,717 | 1,527,567 | ||||||
Melco International Development, Ltd. | 539,000 | 933,207 | ||||||
Midland Holdings, Ltd. | 785,790 | 347,209 | ||||||
Road King Infrastructure, Ltd. | 1,221,544 | 1,153,461 | ||||||
Shun Tak Holdings, Ltd. (a) | 1,288,749 | 693,960 | ||||||
Texwinca Holdings, Ltd. | 928,050 | 979,141 | ||||||
Xinyi Glass Holdings Co., Ltd. (a) | 1,194 | 843 | ||||||
12,415,504 | ||||||||
DENMARK — 1.0% | ||||||||
Amagerbanken A/S (b)(c) | 308,573 | 0 | ||||||
Bang & Olufsen A/S (a)(c) | 33,817 | 302,900 | ||||||
D/S Norden A/S | 15,093 | 486,158 | ||||||
East Asiatic Co., Ltd. A/S (a)(c) | 36,697 | 635,268 | ||||||
Genmab A/S (c) | 41,233 | 955,273 | ||||||
IC Companys A/S | 27,125 | 626,087 | ||||||
NKT Holding A/S | 11,448 | 425,147 | ||||||
Pandora A/S (a) | 27,946 | 770,194 | ||||||
SimCorp A/S (a) | 8,481 | 2,278,935 | ||||||
Sydbank A/S (c) | 30,080 | 617,092 | ||||||
Vestas Wind Systems A/S (a)(c) | 98,492 | 788,886 | ||||||
7,885,940 | ||||||||
FINLAND — 1.6% | ||||||||
Amer Sports Oyj (Class A) | 171,117 | 2,827,941 | ||||||
Citycon Oyj (a) | 430,689 | 1,233,296 | ||||||
Cramo Oyj (a) | 75,870 | 940,147 | ||||||
HKScan Oyj | 129,738 | 626,403 | ||||||
Konecranes Oyj (a) | 19,264 | 636,975 | ||||||
Lassila & Tikanoja Oyj | 83,822 | 1,349,752 | ||||||
Outokumpu Oyj (a)(c) | 518,478 | 394,806 | ||||||
Poyry Oyj (c) | 88,526 | 492,218 | ||||||
Talvivaara Mining Co. PLC (a)(c) | 86,754 | 25,288 | ||||||
Tieto Oyj (a) | 72,822 | 1,542,926 | ||||||
Vacon Oyj (a) | 30,130 | 2,031,220 | ||||||
12,100,972 | ||||||||
FRANCE — 2.5% | ||||||||
Air France-KLM (c) | 72,522 | 685,403 | ||||||
Bourbon SA | 20,991 | 581,813 | ||||||
Carbone Lorraine SA | 38,372 | 893,821 | ||||||
Club Mediterranee SA (c) | 35,425 | 613,650 | ||||||
Etablissements Maurel et Prom | 42,424 | 742,516 | ||||||
GL Events SA | 33,167 | 721,044 | ||||||
Groupe Steria SCA | 36,069 | 488,173 | ||||||
Havas SA | 110,408 | 700,226 | ||||||
IPSOS | 44,786 | 1,570,014 | ||||||
Jacquet Metal Service | 40,754 | 481,456 | ||||||
Neopost SA (a) | 15,354 | 921,430 | ||||||
Rubis | 70,776 | 4,318,780 | ||||||
Saft Groupe SA | 47,703 | 1,231,233 | ||||||
Sequana (c) | 5 | 10 | ||||||
Sequana SA (a)(c) | 13,046 | 104,535 | ||||||
Societe d’Edition de Canal + | 57,069 | 397,190 | ||||||
Societe de la Tour Eiffel | 16,326 | 932,907 | ||||||
Societe Television Francaise 1 | 54,448 | 611,421 | ||||||
SOITEC (a)(c) | 138,329 | 518,674 | ||||||
Technicolor SA (c) | 131,453 | 536,780 | ||||||
Teleperformance | 24,231 | 1,034,418 | ||||||
UbiSoft Entertainment SA (c) | 63,925 | 691,985 | ||||||
18,777,479 | ||||||||
GERMANY — 3.5% | ||||||||
Aareal Bank AG (c) | 24,401 | 517,940 | ||||||
Aixtron SE (a) | 47,452 | 689,153 | ||||||
Alstria Office REIT-AG | 47,678 | 538,153 | ||||||
Deutsche Euroshop AG | 18,517 | 750,304 | ||||||
Dialog Semiconductor PLC (a)(c) | 37,408 | 497,168 | ||||||
DIC Asset AG | 56,430 | 565,057 | ||||||
Drillisch AG | 46,542 | 851,944 | ||||||
Duerr AG | 6,526 | 712,386 | ||||||
Freenet AG | 55,532 | 1,351,655 | ||||||
Gerresheimer AG | 24,935 | 1,435,252 | ||||||
Gildemeister AG | 77,666 | 1,634,589 | ||||||
GSW Immobilien AG | 21,744 | 861,656 | ||||||
Indus Holding AG | 70,773 | 2,191,106 | ||||||
Jenoptik AG | 148,946 | 1,540,228 | ||||||
Kloeckner & Co. SE (c) | 57,263 | 812,522 | ||||||
Kontron AG | 88,965 | 484,606 | ||||||
KUKA AG (c) | 53,345 | 2,331,064 | ||||||
Leoni AG | 45,141 | 1,751,138 | ||||||
MLP AG | 65,490 | 437,550 | ||||||
Morphosys AG (c) | 10,646 | 435,748 | ||||||
Patrizia Immobilien AG (c) | 122,606 | 1,141,427 | ||||||
Rheinmetall AG | 20,201 | 936,048 | ||||||
Stada Arzneimittel AG | 32,208 | 1,320,983 | ||||||
TAG Immobilien AG | 52,971 | 607,419 | ||||||
TUI AG (c) | 95,565 | 1,027,247 | ||||||
Wincor Nixdorf AG | 16,983 | 845,054 | ||||||
26,267,397 | ||||||||
GIBRALTAR — 0.1% | ||||||||
Bwin.Party Digital Entertainment PLC | 348,593 | 760,105 | ||||||
GREECE — 0.7% | ||||||||
Alpha Bank AE (c) | 284,287 | 259,188 | ||||||
Diana Shipping, Inc. (c) | 90,703 | 966,894 | ||||||
DryShips, Inc. (c) | 233,485 | 476,310 | ||||||
EFG Eurobank Ergasias (c) | 2,283 | 718 | ||||||
Ellaktor SA (c) | 135,750 | 270,191 | ||||||
Hellenic Exchanges SA | 93,850 | 473,615 | ||||||
Hellenic Telecommunications Organization SA (c) | 125,087 | 758,146 | ||||||
JUMBO SA | 64,330 | 459,290 | ||||||
Marfin Investment Group SA (c) | 464,093 | 160,308 | ||||||
National Bank of Greece SA (c) | 453,854 | 386,392 | ||||||
Piraeus Bank SA (c) | 594,639 | 148,897 | ||||||
Public Power Corp. SA (c) | 58,866 | 420,279 | ||||||
Titan Cement Co. SA (c) | 29,796 | 497,393 |
See accompanying notes to financial statements.
157
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
TT Hellenic Postbank SA (b)(c) | 129,076 | $ | 0 | |||||
5,277,621 | ||||||||
HONG KONG — 0.8% | ||||||||
Champion REIT (a) | 189 | 98 | ||||||
China Mining Resources Group, Ltd. (a)(c)(e) | 20,920,000 | 234,461 | ||||||
Emperor Watch & Jewellery, Ltd. | 2,690,000 | 273,760 | ||||||
Giordano International, Ltd. (a) | 1,874,000 | 1,868,532 | ||||||
Luk Fook Holdings International, Ltd. (a) | 192,000 | 615,872 | ||||||
Mongolia Energy Co., Ltd. (c) | 723 | 29 | ||||||
Pacific Basin Shipping, Ltd. | 1,555,000 | 923,467 | ||||||
Peace Mark (Holdings), Ltd. (b)(c) | 504,228 | 0 | ||||||
Skyworth Digital Holdings, Ltd. | 1,103 | 740 | ||||||
Stella International Holdings, Ltd. | 270,000 | 810,419 | ||||||
Yanchang Petroleum International, Ltd. (c) | 4,420,000 | 296,085 | ||||||
Yuexiu Real Estate Investment Trust (a) | 1,108,000 | 629,460 | ||||||
5,652,923 | ||||||||
IRELAND — 0.8% | ||||||||
C&C Group PLC | 284,601 | 1,855,785 | ||||||
Kenmare Resources PLC (c) | 1,252,349 | 551,473 | ||||||
Kingspan Group PLC | 125,732 | 1,549,943 | ||||||
Smurfit Kappa Group PLC | 74,199 | 1,229,097 | ||||||
United Drug PLC | 115,202 | 474,581 | ||||||
5,660,879 | ||||||||
ISRAEL — 0.7% | ||||||||
Clal Insurance Enterprise Holdings, Ltd. | 21,002 | 348,468 | ||||||
Delek Group, Ltd. | 2,528 | 710,212 | ||||||
Elbit Systems, Ltd. | 14,763 | 623,952 | ||||||
Israel Discount Bank, Ltd. (Class A) (c) | 447,393 | 765,711 | ||||||
Migdal Insurance & Financial Holding, Ltd. | 250,273 | 407,957 | ||||||
Mizrahi Tefahot Bank, Ltd. (c) | 62,968 | 672,259 | ||||||
NICE Systems, Ltd. (c) | 38,703 | 1,423,840 | ||||||
Osem Investments, Ltd. | 36,122 | 690,783 | ||||||
5,643,182 | ||||||||
ITALY — 2.0% | ||||||||
A2A SpA | 798,126 | 474,824 | ||||||
Amplifon SpA | 241,000 | 1,262,629 | ||||||
Ansaldo STS SpA | 56,950 | 570,410 | ||||||
Astaldi SpA | 228,432 | 1,575,179 | ||||||
Banca Popolare dell’Emilia Romagna Scrl | 168,682 | 1,193,490 | ||||||
Banca Popolare dell’Etruria e del Lazio | 239,107 | 114,341 | ||||||
Banca Popolare di Milano Scarl (c) | 1,640,619 | 1,005,958 | ||||||
Banca Popolare di Sondrio Scrl | 168,814 | 880,536 | ||||||
EI Towers SpA (c) | 30,472 | 934,011 | ||||||
Esprinet SpA | 100,012 | 458,221 | ||||||
Hera SpA | 243,252 | 428,870 | ||||||
IMMSI SpA | 751,145 | 453,625 | ||||||
Interpump Group SpA | 270,668 | 2,120,144 | ||||||
Saras SpA (c) | 292,714 | 356,140 | ||||||
Sorin SpA (c) | 702,597 | 1,806,213 | ||||||
Unipol Gruppo Finanziario SpA (c) | 168,302 | 454,277 | ||||||
Yoox SpA (c) | 30,827 | 578,731 | ||||||
14,667,599 | ||||||||
JAPAN — 32.9% | ||||||||
Activia Properties, Inc. | 52 | 509,381 | ||||||
Ain Pharmaciez, Inc. | 7,400 | 398,256 | ||||||
Alps Electric Co., Ltd. (a) | 185,136 | 1,218,881 | ||||||
Amada Co., Ltd. | 145,000 | 970,060 | ||||||
Anritsu Corp. | 63,000 | 973,612 | ||||||
Aoyama Trading Co., Ltd. | 30,600 | 770,370 | ||||||
Arcs Co., Ltd. | 24,600 | 554,429 | ||||||
Asahi Holdings, Inc. | 48,473 | 1,033,183 | ||||||
Autobacs Seven Co., Ltd. (a) | 42,000 | 671,410 | ||||||
Avex Group Holdings, Inc. | 19,300 | 535,153 | ||||||
Bank of the Ryukyus, Ltd. (a) | 144,900 | 2,108,309 | ||||||
Best Denki Co., Ltd. (a)(c) | 243,769 | 502,991 | ||||||
Capcom Co., Ltd. (a) | 23,900 | 375,201 | ||||||
Central Glass Co., Ltd. (a) | 515,145 | 1,753,312 | ||||||
Chiyoda Co., Ltd. | 18,900 | 503,357 | ||||||
Citizen Holdings Co., Ltd. | 143,600 | 754,503 | ||||||
Cocokara fine, Inc. | 13,900 | 510,051 | ||||||
COMSYS Holdings Corp. (a) | 216,950 | 2,635,151 | ||||||
Cosmo Oil Co., Ltd. (a)(c) | 335,000 | 705,488 | ||||||
Cosmos Pharmaceutical Corp. | 5,100 | 663,944 | ||||||
CyberAgent, Inc. (a) | 227 | 428,311 | ||||||
Daifuku Co., Ltd. (a) | 126,500 | 1,037,348 | ||||||
Daihen Corp. (a) | 253,000 | 731,929 | ||||||
DAIICHI CHUO KISEN KAISHA (a)(c) | 337,834 | 409,626 | ||||||
Daiichikosho Co., Ltd. | 19,200 | 515,227 | ||||||
Dainippon Screen Manufacturing Co., Ltd. (a)(c) | 173,000 | 798,575 | ||||||
Daiwa Office Investment Corp. | 311 | 1,686,982 | ||||||
Daiwahouse Residential Investment Corp. | 118 | 569,794 | ||||||
DCM Japan Holdings Co., Ltd. (a) | 175,833 | 1,505,484 | ||||||
DIC Corp. | 388,000 | 817,103 | ||||||
Disco Corp. (a) | 10,200 | 577,154 | ||||||
Doutor Nichires Holdings Co., Ltd. (a) | 174,432 | 2,565,831 | ||||||
DTS Corp. | 93,482 | 1,531,188 | ||||||
Ebara Corp. | 177,000 | 736,088 | ||||||
EDION Corp. (a) | 105,400 | 480,925 | ||||||
FCC Co., Ltd. (a) | 105,148 | 2,525,252 | ||||||
FP Corp. | 6,900 | 450,606 | ||||||
Frontier Real Estate Investment Corp. | 84 | 947,033 | ||||||
Fuji Electric Holdings Co., Ltd. (a) | 317,000 | 923,825 | ||||||
Fuji Oil Co., Ltd. | 42,000 | 652,202 | ||||||
Fukuoka REIT Corp. | 311 | 2,828,175 | ||||||
Furukawa Co., Ltd. | 749,387 | 868,785 | ||||||
Furukawa Electric Co., Ltd. (a) | 341,000 | 761,646 | ||||||
Glory, Ltd. | 76,400 | 1,835,648 | ||||||
GS Yuasa Corp. (a) | 193,000 | 782,100 | ||||||
Hanwa Co., Ltd. | 421,000 | 1,517,964 | ||||||
Haseko Corp. (a)(c) | 816,000 | 746,394 | ||||||
Heiwa Real Estate Co., Ltd. | 68,800 | 1,344,973 | ||||||
Hitachi Kokusai Electric, Inc. (a) | 112,372 | 1,032,646 | ||||||
Hitachi Zosen Corp. | 850,500 | 1,393,076 | ||||||
Hokkaido Electric Power Co., Inc. (c) | 91,200 | 963,216 | ||||||
Horiba, Ltd. | 53,513 | 1,638,629 |
See accompanying notes to financial statements.
158
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Hosiden Corp. (a) | 119,400 | $ | 693,389 | |||||
Iino Kaiun Kaisha, Ltd. (a) | 147,500 | 1,085,620 | ||||||
Industrial & Infrastructure Fund Investment Corp. (a) | 68 | 753,627 | ||||||
Internet Initiative Japan, Inc. | 15,900 | 549,617 | ||||||
IT Holdings Corp. | 98,908 | 1,307,622 | ||||||
Izumi Co., Ltd. | 21,900 | 534,340 | ||||||
Izumiya Co., Ltd. (a) | 262,000 | 1,371,027 | ||||||
Japan Airport Terminal Co., Ltd. (a) | 100,200 | 1,338,558 | ||||||
Japan Aviation Electronics Industry, Ltd. (a) | 148,000 | 1,114,486 | ||||||
Japan Excellent, Inc. | 259 | 1,977,898 | ||||||
Japan Exchange Group, Inc. (a) | 30,300 | 2,748,979 | ||||||
Japan Logistics Fund, Inc. | 259 | 3,027,452 | ||||||
Juki Corp. (a)(c) | 159,332 | 244,031 | ||||||
K’s Holdings Corp. (a) | 22,100 | 706,344 | ||||||
Kaken Pharmaceutical Co., Ltd. | 45,000 | 825,144 | ||||||
Kanematsu Corp. (a)(c) | 797,698 | 1,043,574 | ||||||
Katakura Industries Co., Ltd. | 101,174 | 1,211,678 | ||||||
Kawasaki Kisen Kaisha, Ltd. (a)(c) | 443,000 | 937,641 | ||||||
Kenedix Realty Investment Corp. | 138 | 675,176 | ||||||
Kitz Corp. | 178,300 | 895,103 | ||||||
Kiyo Holdings, Inc. (a) | 1,216,000 | 1,927,079 | ||||||
Komori Corp. | 109,436 | 1,177,933 | ||||||
Kurabo Industries, Ltd. (a) | 744,000 | 1,361,072 | ||||||
KYB Co., Ltd. (a) | 299,832 | 1,466,951 | ||||||
KYORIN Holdings, Inc. | 30,300 | 740,581 | ||||||
Kyowa Exeo Corp. (a) | 141,600 | 1,506,063 | ||||||
Lion Corp. | 118,000 | 650,117 | ||||||
Makino Milling Machine Co., Ltd. | 177,000 | 1,078,717 | ||||||
Marudai Food Co., Ltd. | 562,656 | 1,867,142 | ||||||
Maruha Nichiro Holdings, Inc. | 803,485 | 1,495,532 | ||||||
Maruichi Steel Tube, Ltd. | 34,800 | 819,847 | ||||||
Marusan Securities Co., Ltd. | 173,598 | 1,290,630 | ||||||
Meidensha Corp. (a) | 114,000 | 344,352 | ||||||
Minebea Co., Ltd. (a) | 159,000 | 536,088 | ||||||
Mirait Holdings Corp. | 96,700 | 996,621 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 704,000 | 1,804,552 | ||||||
Mitsui-Soko Co., Ltd. (a) | 309,000 | 1,899,617 | ||||||
Mitsumi Electric Co., Ltd. (a)(c) | 55,800 | 306,241 | ||||||
Mori Hills REIT Investment Corp. | 97 | 723,218 | ||||||
Moshi Moshi Hotline, Inc. (a) | 22,800 | 321,800 | ||||||
Nakanishi, Inc. | 8,383 | 1,027,145 | ||||||
NET One Systems Co., Ltd. (a) | 118,000 | 1,031,653 | ||||||
Neturen Co., Ltd. (a) | 187,303 | 1,414,434 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 25,700 | 584,687 | ||||||
Nichirei Corp. | 154,000 | 918,890 | ||||||
Nihon Dempa Kogyo Co., Ltd. (a) | 26,100 | 265,109 | ||||||
Nihon Kohden Corp. | 58,500 | 2,040,842 | ||||||
Nikkiso Co., Ltd. | 140,000 | 1,707,934 | ||||||
Nippon Accommodations Fund, Inc. (a) | 263 | 2,142,714 | ||||||
Nippon Carbon Co., Ltd. (a) | 242,712 | 552,440 | ||||||
Nippon Gas Co., Ltd. | 30,600 | 345,641 | ||||||
Nippon Konpo Unyu Soko Co., Ltd. | 201,200 | 3,139,336 | ||||||
Nippon Light Metal Holdings Co., Ltd. (a) | 950,500 | 1,061,503 | ||||||
Nippon Paper Group, Inc. (a)(c) | 54,400 | 848,228 | ||||||
Nippon Seiki Co., Ltd. | 80,000 | 1,062,753 | ||||||
Nippon Sheet Glass Co., Ltd. (c) | 419,000 | 472,389 | ||||||
Nippon Shinyaku Co., Ltd. (a) | 199,000 | 2,827,739 | ||||||
Nippon Soda Co., Ltd. | 266,000 | 1,242,012 | ||||||
Nippon Suisan Kaisha, Ltd. | 422,399 | 808,677 | ||||||
Nippon Thompson Co., Ltd. (a) | 235,000 | 1,154,754 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 153,000 | 623,261 | ||||||
Nishimatsu Construction Co., Ltd. (a) | 665,000 | 1,089,236 | ||||||
Nishimatsuya Chain Co., Ltd. (a) | 123,393 | 1,003,995 | ||||||
Nissan Chemical Industries, Ltd. | 75,400 | 908,617 | ||||||
Nissha Printing Co., Ltd. (a)(c) | 23,600 | 417,430 | ||||||
Nisshin Steel Holdings Co., Ltd. (c) | 52,300 | 413,305 | ||||||
Nitto Boseki Co., Ltd. (a)(c) | 386,153 | 1,474,462 | ||||||
NOF Corp. | 469,000 | 2,294,618 | ||||||
Nomura Real Estate Office Fund, Inc. | 126 | 946,139 | ||||||
North Pacific Bank, Ltd. (a) | 147,000 | 495,629 | ||||||
NSD Co., Ltd. | 98,408 | 1,113,658 | ||||||
Okamura Corp. | 57,000 | 424,984 | ||||||
Okasan Securities Group, Inc. (a) | 268,682 | 2,526,217 | ||||||
Oki Electric Industry Co., Ltd. (a)(c) | 816,000 | 1,015,444 | ||||||
Orix JREIT, Inc. | 2,140 | 3,015,848 | ||||||
OSG Corp. (a) | 151,000 | 2,075,005 | ||||||
Park24 Co., Ltd. | 13 | 255 | ||||||
Pigeon Corp. | 10,700 | 781,844 | ||||||
Pioneer Corp. (a)(c) | 166,900 | 298,226 | ||||||
Point, Inc. (a) | 25,110 | 1,239,209 | ||||||
Premier Investment Corp. | 497 | 2,701,202 | ||||||
Rengo Co., Ltd. (a) | 214,000 | 1,085,705 | ||||||
Rohto Pharmaceutical Co., Ltd. | 192,000 | 2,630,249 | ||||||
Ryohin Keikaku Co., Ltd. | 31,903 | 2,555,090 | ||||||
Sakai Chemical Industry Co., Ltd. (a) | 329,565 | 1,023,537 | ||||||
Sanden Corp. (a) | 301,000 | 1,200,542 | ||||||
Sankyu, Inc. | 279,000 | 1,240,396 | ||||||
Sanyo Shokai, Ltd. | 210,000 | 654,435 | ||||||
Sanyo Special Steel Co., Ltd. (a) | 226,937 | 801,352 | ||||||
Sapporo Holdings, Ltd. | 233,000 | 978,887 | ||||||
Sato Corp. (a) | 82,600 | 1,489,119 | ||||||
Sawai Pharmaceutical Co., Ltd. (a) | 7,600 | 906,956 | ||||||
SBI Holdings, Inc. (a) | 92,928 | 821,348 | ||||||
SCSK Corp. | 25,000 | 487,928 | ||||||
Seiko Epson Corp. (a) | 84,200 | 817,641 | ||||||
Seiren Co., Ltd. (a) | 203,500 | 1,300,824 | ||||||
Senshu Ikeda Holdings, Inc. (a) | 104,060 | 586,596 | ||||||
Shima Seiki Manufacturing, Ltd. | 73,325 | 1,656,481 | ||||||
Shimachu Co., Ltd. (a) | 99,500 | 2,484,854 | ||||||
Ship Healthcare Holdings, Inc. (a) | 14,200 | 494,629 | ||||||
Shochiku Co., Ltd. (a) | 483,000 | 4,952,266 | ||||||
Sinfonia Technology Co., Ltd. (a) | 478,000 | 823,612 | ||||||
SMK Corp. (a) | 251,343 | 695,056 | ||||||
Softbank Corp. | 25,895 | 1,195,323 | ||||||
Sojitz Corp. (a) | 526,500 | 811,982 | ||||||
Sotetsu Holdings, Inc. (a) | 143,000 | 524,729 | ||||||
Star Micronics Co., Ltd. (a) | 68,800 | 679,073 | ||||||
Start Today Co., Ltd. (a) | 30,000 | 371,410 | ||||||
Sumitomo Forestry Co., Ltd. | 88,900 | 956,890 | ||||||
Sumitomo Osaka Cement Co., Ltd. | 664,793 | 1,937,389 | ||||||
Tadano, Ltd. (a) | 171,526 | 1,984,900 | ||||||
Taiyo Yuden Co., Ltd. (a) | 59,100 | 746,765 | ||||||
Takara Holdings, Inc. (a) | 310,000 | 2,604,765 | ||||||
Takasago International Corp. | 302,694 | 1,648,366 |
See accompanying notes to financial statements.
159
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Takuma Co., Ltd. (a) | 222,000 | $ | 1,296,299 | |||||
The 77 Bank, Ltd. | 132,000 | 713,210 | ||||||
The Bank of Nagoya, Ltd. | 255,000 | 1,155,392 | ||||||
The Bank of Okinawa, Ltd. | 51,500 | 2,166,374 | ||||||
The Ehime Bank, Ltd. | 661,000 | 1,729,483 | ||||||
The Eighteenth Bank, Ltd. | 690,730 | 1,807,271 | ||||||
The Hokuetsu Bank, Ltd. | 969,000 | 2,360,147 | ||||||
The Michinoku Bank, Ltd. | 674,000 | 1,634,461 | ||||||
The Minato Bank, Ltd. | 747,000 | 1,271,219 | ||||||
The Miyazaki Bank, Ltd. | 652,000 | 1,879,302 | ||||||
The Musashino Bank, Ltd. | 43,500 | 1,707,243 | ||||||
The Nanto Bank, Ltd. | 121,000 | 576,558 | ||||||
The Nishi-Nippon City Bank, Ltd. | 320,000 | 1,004,042 | ||||||
The Oita Bank, Ltd. | 433,000 | 1,639,524 | ||||||
The Tochigi Bank, Ltd. | 263,000 | 1,029,398 | ||||||
The Tokyo Tomin Bank, Ltd. (a) | 47,200 | 567,284 | ||||||
Toagosei Co., Ltd. | 539,818 | 2,348,283 | ||||||
TOC Co., Ltd. | 203,800 | 1,560,689 | ||||||
Toei Co., Ltd. (a) | 314,000 | 2,197,532 | ||||||
Toho Holdings Co., Ltd. | 67,819 | 1,569,604 | ||||||
Toho Zinc Co., Ltd. (a) | 246,000 | 991,640 | ||||||
Tokai Carbon Co., Ltd. | 114,000 | 391,640 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 255,000 | 1,852,425 | ||||||
Tokuyama Corp. (a) | 220,000 | 608,381 | ||||||
Tokyo Dome Corp. | 251,000 | 1,428,260 | ||||||
Tokyo Tatemono Co., Ltd. | 228,000 | 1,598,086 | ||||||
TOMONY Holdings, Inc. | 276,300 | 1,201,943 | ||||||
Top REIT, Inc. | 92 | 543,076 | ||||||
Topy Industries, Ltd. | 535,381 | 1,252,753 | ||||||
Tosoh Corp. (a) | 290,000 | 808,126 | ||||||
Toyo Corp./Chuo-ku (a) | 174,548 | 2,461,717 | ||||||
Toyo Tire & Rubber Co., Ltd. (a) | 422,000 | 1,885,131 | ||||||
Toyobo Co., Ltd. (a) | 1,035,788 | 1,762,668 | ||||||
TSI Holdings Co., Ltd. | 65,800 | 380,019 | ||||||
Tsuruha Holdings, Inc. | 8,200 | 796,277 | ||||||
Ulvac, Inc. (a)(c) | 49,100 | 392,716 | ||||||
Unitika, Ltd. (c) | 1,048,000 | 568,475 | ||||||
Valor Co., Ltd. | 31,300 | 592,243 | ||||||
Wacom Co., Ltd. | 179 | 711,088 | ||||||
Yaskawa Electric Corp. (a) | 107,000 | 1,061,806 | ||||||
Yodogawa Steel Works, Ltd. (a) | 438,000 | 1,639,821 | ||||||
Zenrin Co., Ltd. | 56,477 | 768,284 | ||||||
�� | 245,672,685 | |||||||
LUXEMBOURG — 0.2% | ||||||||
AZ Electronic Materials SA | 138,890 | 801,833 | ||||||
Eurofins Scientific (a) | 2,835 | 596,301 | ||||||
1,398,134 | ||||||||
NETHERLANDS — 1.5% | ||||||||
Aalberts Industries NV | 96,649 | 2,165,045 | ||||||
AerCap Holdings NV (c) | 70,277 | 1,085,780 | ||||||
ASM International NV | 57,287 | 1,905,629 | ||||||
BinckBank NV | 41,796 | 392,544 | ||||||
CSM | 37,615 | 796,973 | ||||||
Eurocommercial Properties NV | 20,440 | 749,483 | ||||||
Exact Holding NV (a) | 50,205 | 1,044,385 | ||||||
Koninklijke BAM Groep NV | 140,794 | 571,307 | ||||||
PostNL NV (c) | 226,600 | 453,924 | ||||||
VistaPrint NV (a)(c) | 25,503 | 985,946 | ||||||
Wereldhave NV | 10,551 | 730,672 | ||||||
10,881,688 | ||||||||
NEW ZEALAND — 0.9% | ||||||||
DNZ Property Fund, Ltd. | 245,399 | 354,736 | ||||||
Fisher & Paykel Healthcare Corp., Ltd. (a) | 852,337 | 1,871,358 | ||||||
Goodman Property Trust | 349,170 | 305,772 | ||||||
Infratil, Ltd. (a) | 299,373 | 604,608 | ||||||
Kiwi Income Property Trust | 431,730 | 423,294 | ||||||
Mainfreight, Ltd. | 59,622 | 564,585 | ||||||
Nuplex Industries, Ltd. (a) | 141,538 | 393,781 | ||||||
Ryman Healthcare, Ltd. | 125,007 | 527,970 | ||||||
Sky City Entertainment Group, Ltd. (a) | 269,421 | 995,667 | ||||||
Trade Me, Ltd. (a) | 114,982 | 455,759 | ||||||
6,497,530 | ||||||||
NORWAY — 1.3% | ||||||||
Algeta ASA (c) | 28,579 | 962,842 | ||||||
Atea ASA | 41,054 | 455,765 | ||||||
Deep Sea Supply PLC (c) | 179,932 | 306,031 | ||||||
DNO International ASA (c) | 571,506 | 989,663 | ||||||
Ekornes ASA | 51,409 | 828,538 | ||||||
Norwegian Property ASA | 423,139 | 665,270 | ||||||
ProSafe SE | 125,675 | 1,217,426 | ||||||
Storebrand ASA (c) | 154,912 | 602,118 | ||||||
Tomra Systems ASA | 180,463 | 1,763,633 | ||||||
Veidekke ASA | 265,217 | 2,114,460 | ||||||
9,905,746 | ||||||||
PORTUGAL — 0.4% | ||||||||
Altri SGPS SA | 365,563 | 900,346 | ||||||
Banco Comercial Portugues SA (c) | 6,732,629 | 821,309 | ||||||
Semapa-Sociedade de Investimento e Gestao, SGPS, SA | 147,859 | 1,338,553 | ||||||
3,060,208 | ||||||||
SINGAPORE — 2.6% | ||||||||
Ascott Residence Trust (a) | 361,000 | 401,564 | ||||||
Biosensors International Group, Ltd. (a)(c) | 648,000 | 681,638 | ||||||
Bukit Sembawang Estates, Ltd. | 271,080 | 1,551,401 | ||||||
Cache Logistics Trust (a) | 499,000 | 524,903 | ||||||
Cambridge Industrial Trust | 929,844 | 592,114 | ||||||
CapitaCommercial Trust (a) | 818 | 1,045 | ||||||
CapitaRetail China Trust | 284,000 | 400,613 | ||||||
CDL Hospitality Trusts (a) | 412,000 | 680,800 | ||||||
China Yuchai International, Ltd. (a) | 21,996 | 351,716 | ||||||
Cosco Corp. Singapore, Ltd. (a) | 561,000 | 411,503 | ||||||
Ezion Holdings, Ltd. | 335,000 | 585,966 | ||||||
Ezra Holdings, Ltd. (a)(c) | 496,599 | 462,334 | ||||||
Far East Hospitality Trust | 427,000 | 404,421 | ||||||
First Real Estate Investment Trust | 532,000 | 536,031 | ||||||
Frasers Centrepoint Trust | 265,000 | 457,118 | ||||||
Haw Par Corp., Ltd. | 6,352 | 39,527 | ||||||
Hong Leong Finance, Ltd. | 1,608,656 | 3,604,759 | ||||||
Hyflux, Ltd. (a) | 312,000 | 367,177 | ||||||
LionGold Corp., Ltd. (a)(c) | 420,000 | 391,020 | ||||||
Lippo Malls Indonesia Retail Trust | 1,235,000 | 512,675 | ||||||
M1, Ltd. | 303,000 | 722,941 |
See accompanying notes to financial statements.
160
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Mapletree Commercial Trust | 556,000 | $ | 602,789 | |||||
Mapletree Industrial Trust | 725,603 | 821,757 | ||||||
Mapletree Logistics Trust | 63,383 | 62,075 | ||||||
Miclyn Express Offshore, Ltd. | 375,317 | 817,789 | ||||||
Parkway Life Real Estate Investment Trust | 253,000 | 515,952 | ||||||
Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (a) | 388,000 | 395,631 | ||||||
Singapore Post, Ltd. | 621,000 | 623,202 | ||||||
Starhill Global REIT | 747,000 | 535,894 | ||||||
Triyards Holdings, Ltd. (c) | 50,259 | 32,409 | ||||||
Venture Corp., Ltd. | 66,000 | 460,713 | ||||||
Wing Tai Holdings, Ltd. | 832,299 | 1,278,035 | ||||||
19,827,512 | ||||||||
SOUTH KOREA — 6.5% | ||||||||
Able C&C Co., Ltd. | 6,061 | 468,494 | ||||||
Asiana Airlines (c) | 167,328 | 866,268 | ||||||
Binggrae Co., Ltd. | 3,693 | 436,482 | ||||||
Cheil Communications, Inc. (c) | 7 | 151 | ||||||
CJ E&M Corp. (c) | 12,295 | 385,117 | ||||||
CJ Korea Express Corp. (c) | 7,129 | 629,859 | ||||||
CJ O Shopping Co., Ltd. | 1,949 | 523,599 | ||||||
Com2uSCorp (c) | 5,266 | 244,226 | ||||||
Cosmax, Inc. | 7,610 | 331,048 | ||||||
Daesang Corp. | 14,250 | 482,855 | ||||||
Daum Communications Corp. | 16,397 | 1,351,433 | ||||||
DGB Financial Group, Inc. | 69,530 | 1,049,887 | ||||||
Dong-A Pharmaceutical Co., Ltd. (b) | 9,984 | 1,112,723 | ||||||
Dongkuk Steel Mill Co., Ltd. (a) | 35,020 | 385,579 | ||||||
Eugene Investment & Securities Co., Ltd. (c) | 173,599 | 404,118 | ||||||
Fila Korea, Ltd. | 6,064 | 360,265 | ||||||
GemVax & Kael Co., Ltd. (a)(c) | 11,846 | 439,194 | ||||||
Grand Korea Leisure Co., Ltd. | 19,700 | 571,913 | ||||||
Green Cross Corp. | 3,938 | 557,464 | ||||||
Hana Tour Service, Inc. | 17,754 | 1,109,027 | ||||||
Hanjin Heavy Industries & Construction Co., Ltd. (a)(c) | 24,296 | 193,695 | ||||||
Hanjin Shipping Co., Ltd. (a)(c) | 50,888 | 477,961 | ||||||
Hanmi Pharm Co., Ltd. (c) | 7,406 | 1,108,304 | ||||||
Hansol Paper Co. (a) | 79,519 | 850,509 | ||||||
Hanwha Securities Co. | 119,772 | 453,747 | ||||||
Hite Jinro Co., Ltd. | 28,374 | 863,257 | ||||||
Honam Petrochemical Corp. | 2,075 | 369,270 | ||||||
Hotel Shilla Co., Ltd. (a) | 33,669 | 1,664,385 | ||||||
Humax Co., Ltd. | 46,988 | 517,349 | ||||||
Hyosung Corp. | 10,419 | 523,478 | ||||||
Hyundai Development Co. | 40,190 | 926,545 | ||||||
Hyundai Elevator Co., Ltd. (c) | 4,388 | 351,797 | ||||||
Hyundai Greenfood Co., Ltd. | 37,990 | 570,226 | ||||||
Hyundai Home Shopping Network Corp. | 3,546 | 441,417 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 7 | 200 | ||||||
Hyundai Securities Co., Ltd. | 76,330 | 552,957 | ||||||
Jeonbuk Bank | 254,044 | 1,285,518 | ||||||
Korea Investment Holdings Co., Ltd. | 23,820 | 981,617 | ||||||
Korean Reinsurance Co. | 112,208 | 1,159,799 | ||||||
KT Skylife Co., Ltd. | 13,608 | 414,624 | ||||||
Kumho Tire Co., Inc. (a)(c) | 56,100 | 632,802 | ||||||
LG Fashion Corp. | 11,280 | 311,249 | ||||||
LG International Corp. | 33,568 | 1,262,647 | ||||||
LG Life Sciences, Ltd. (a)(c) | 25,048 | 1,303,505 | ||||||
LIG Insurance Co., Ltd. | 59,720 | 1,274,807 | ||||||
Lotte Chilsung Beverage Co., Ltd. | 395 | 527,921 | ||||||
Lotte Samkang Co., Ltd. | 661 | 508,553 | ||||||
LS Industrial Systems Co., Ltd. | 9,952 | 551,001 | ||||||
Macquarie Korea Infrastructure Fund | 92,430 | 559,930 | ||||||
Medipost Co., Ltd. (c) | 5,069 | 421,429 | ||||||
MegaStudy Co., Ltd. | 5,756 | 367,316 | ||||||
Melfas, Inc. (a) | 13,391 | 232,290 | ||||||
Meritz Finance Holdings Co., Ltd. (c) | 8 | 29 | ||||||
Meritz Fire & Marine Insurance Co., Ltd. | 91,058 | 978,018 | ||||||
Meritz Securities Co., Ltd. | 772,517 | 979,012 | ||||||
Mirae Asset Securities Co., Ltd. | 16,087 | 626,071 | ||||||
Neowiz Games Corp. (c) | 10,667 | 191,749 | ||||||
NongShim Co., Ltd. | 2,481 | 695,732 | ||||||
Paradise Co., Ltd. | 31,717 | 624,305 | ||||||
Poongsan Corp. | 38,703 | 947,921 | ||||||
Samsung Fine Chemicals Co., Ltd. | 29,260 | 1,472,731 | ||||||
Samyang Holdings Corp. | 4,410 | 280,233 | ||||||
Seoul Semiconductor Co., Ltd. | 21,459 | 557,402 | ||||||
SFA Engineering Corp. | 29,068 | 1,596,310 | ||||||
SK Broadband Co., Ltd. (c) | 152,268 | 560,433 | ||||||
SK Chemicals Co., Ltd. | 31,465 | 1,589,370 | ||||||
SM Entertainment Co. (a)(c) | 8,146 | 340,820 | ||||||
STX Offshore & Shipbuilding Co., Ltd. (a)(c) | 47,373 | 275,058 | ||||||
STX Pan Ocean Co., Ltd. (a)(c) | 109,349 | 433,425 | ||||||
Taekwang Industrial Co., Ltd. | 476 | 445,368 | ||||||
Tong Yang Securities, Inc. | 87,030 | 313,671 | ||||||
Woori Investment & Securities Co., Ltd. | 3 | 32 | ||||||
Young Poong Corp. | 551 | 633,903 | ||||||
Yuhan Corp. | 9,098 | 1,561,853 | ||||||
48,473,253 | ||||||||
SPAIN — 0.8% | ||||||||
Bolsas y Mercados Espanoles (a) | 22,606 | 556,183 | ||||||
Construcciones y Auxiliar de Ferrocarriles SA | 3,597 | 1,298,605 | ||||||
Faes Farma SA | 214,097 | 551,218 | ||||||
Indra Sistemas SA (a) | 37,820 | 451,651 | ||||||
Tubacex SA (c) | 246,517 | 661,594 | ||||||
Tubos Reunidos SA (a) | 294,539 | 646,752 | ||||||
Vidrala SA | 54,928 | 1,795,065 | ||||||
Zeltia SA (c) | 224,983 | 369,793 | ||||||
6,330,861 | ||||||||
SWEDEN — 2.4% | ||||||||
AarhusKarlshamn AB | 20,060 | 1,015,032 | ||||||
Axfood AB (a) | 16,101 | 656,224 | ||||||
Axis Communications AB (a) | 27,331 | 712,489 | ||||||
Betsson AB | 25,021 | 806,198 | ||||||
BillerudKorsnas AB | 86,753 | 836,575 | ||||||
Carnegie Investment Bank AB (b)(c) | 59,625 | 0 | ||||||
Fabege AB (a) | 83,500 | 855,291 | ||||||
Haldex AB (a) | 170,176 | 1,015,507 |
See accompanying notes to financial statements.
161
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Hexpol AB | 14,084 | $ | 810,122 | |||||
Intrum Justitia AB | 108,158 | 2,095,956 | ||||||
JM AB (a) | 63,673 | 1,512,993 | ||||||
Kungsleden AB | 165,295 | 1,067,732 | ||||||
New Wave Group AB (Class B) | 208,949 | 1,169,755 | ||||||
Nobia AB (c) | 96,867 | 516,962 | ||||||
Saab AB | 42,580 | 923,374 | ||||||
Swedish Orphan Biovitrum AB (c) | 117,847 | 759,426 | ||||||
Wihlborgs Fastigheter AB | 192,225 | 3,170,737 | ||||||
17,924,373 | ||||||||
SWITZERLAND — 2.5% | ||||||||
Basilea Pharmaceutica AG (c) | 13,383 | 812,633 | ||||||
Belimo Holding AG | 2,068 | 4,782,639 | ||||||
Daetwyler Holding AG | 18,689 | 2,072,279 | ||||||
Forbo Holding AG | 833 | 545,393 | ||||||
Georg Fischer AG | 3,127 | 1,327,477 | ||||||
Kudelski SA | 65,201 | 860,671 | ||||||
Kuoni Reisen Holding (Class B) | 4,682 | 1,483,289 | ||||||
Logitech International SA (a) | 84,915 | 576,592 | ||||||
Mobimo Holding AG | 3,115 | 700,665 | ||||||
Nobel Biocare Holding AG (a) | 73,856 | 740,939 | ||||||
Straumann Holding AG (a) | 4,263 | 575,783 | ||||||
Temenos Group AG (c) | 73,015 | 1,738,728 | ||||||
Valiant Holding AG | 6,659 | 594,208 | ||||||
Valora Holding AG | 8,552 | 1,752,033 | ||||||
18,563,329 | ||||||||
UNITED KINGDOM — 10.9% | ||||||||
A.G.BARR PLC | 46,371 | 383,746 | ||||||
Atkins WS PLC | 39,516 | 547,228 | ||||||
Aveva Group PLC | 34,648 | 1,191,119 | ||||||
BBA Aviation PLC | 146,266 | 571,902 | ||||||
Bellway PLC | 92,202 | 1,815,854 | ||||||
Bodycote PLC | 211,067 | 1,717,852 | ||||||
Bovis Homes Group PLC | 181,553 | 2,044,162 | ||||||
Britvic PLC | 223,442 | 1,507,786 | ||||||
BTG PLC (c) | 159,257 | 862,828 | ||||||
Cable & Wireless Communications PLC | 1,308,604 | 833,369 | ||||||
Carillion PLC | 144,426 | 597,164 | ||||||
Centamin PLC (c) | 464,056 | 348,448 | ||||||
Chemring Group PLC | 201,755 | 796,829 | ||||||
CSR PLC | 150,498 | 1,102,170 | ||||||
Dairy Crest Group PLC | 172,971 | 1,125,709 | ||||||
Darty PLC (a) | 351,945 | 229,797 | ||||||
De La Rue PLC | 29,038 | 430,345 | ||||||
Debenhams PLC | 541,136 | 680,358 | ||||||
Dixons Retail PLC (c) | 2,087,811 | 1,071,224 | ||||||
Domino’s Pizza UK & IRL PLC | 55,577 | 508,455 | ||||||
Dunelm Group PLC | 39,770 | 504,548 | ||||||
Elementis PLC | 596,046 | 2,359,508 | ||||||
EnQuest PLC (c) | 298,840 | 651,619 | ||||||
Enterprise Inns PLC (c) | 433,624 | 698,601 | ||||||
Fenner PLC | 219,426 | 1,296,100 | ||||||
Filtrona PLC | 79,349 | 877,149 | ||||||
FirstGroup PLC | 214,744 | 655,743 | ||||||
Galliford Try PLC | 125,410 | 1,748,137 | ||||||
Gem Diamonds, Ltd. (c) | 96,744 | 200,887 | ||||||
Genus PLC | 33,711 | 807,754 | ||||||
Halfords Group PLC | 86,105 | 421,918 | ||||||
Hays PLC | 569,882 | 834,618 | ||||||
Henderson Group PLC | 433,136 | 1,047,709 | ||||||
Heritage Oil PLC (a)(c) | 121,668 | 329,773 | ||||||
Home Retail Group PLC (a) | 363,829 | 857,412 | ||||||
Homeserve PLC (a) | 136,132 | 414,453 | ||||||
Howden Joinery Group PLC | 313,247 | 1,135,377 | ||||||
Hunting PLC | 63,705 | 859,472 | ||||||
Intermediate Capital Group PLC | 170,661 | 1,096,423 | ||||||
International Personal Finance | 259,111 | 1,750,840 | ||||||
Interserve PLC | 186,823 | 1,416,422 | ||||||
ITE Group PLC | 507,213 | 2,101,816 | ||||||
J.D. Wetherspoon PLC | 157,420 | 1,284,811 | ||||||
Jazztel PLC (c) | 102,496 | 781,793 | ||||||
Jupiter Fund Management PLC | 188,467 | 937,519 | ||||||
Keller Group PLC | 98,179 | 1,215,002 | ||||||
Kier Group PLC | 57,857 | 1,029,637 | ||||||
Laird PLC | 200,623 | 661,974 | ||||||
Mcbride PLC | 146,704 | 264,531 | ||||||
Michael Page International PLC | 266,413 | 1,706,329 | ||||||
Micro Focus International PLC | 79,541 | 827,941 | ||||||
Mitchells & Butlers PLC (c) | 223,736 | 1,107,527 | ||||||
Mitie Group PLC | 495,798 | 2,113,988 | ||||||
Morgan Crucible Co. PLC | 301,717 | 1,293,794 | ||||||
Morgan Sindall PLC | 65,702 | 553,697 | ||||||
N Brown Group PLC | 204,147 | 1,264,748 | ||||||
National Express Group PLC | 204,484 | 636,212 | ||||||
Pace PLC | 181,017 | 669,022 | ||||||
PayPoint PLC | 104,431 | 1,407,338 | ||||||
Petropavlovsk PLC | 72,144 | 244,400 | ||||||
Premier Farnell PLC | 459,293 | 1,555,930 | ||||||
Premier Foods PLC (a)(c) | 143,562 | 174,938 | ||||||
QinetiQ Group PLC | 208,409 | 656,336 | ||||||
Redrow PLC (c) | 300,444 | 856,761 | ||||||
Regus PLC | 309,154 | 744,994 | ||||||
Renishaw PLC | 19,047 | 531,585 | ||||||
Restaurant Group PLC | 332,466 | 2,362,115 | ||||||
RPS Group PLC | 302,576 | 1,228,101 | ||||||
Salamander Energy PLC (c) | 134,820 | 425,403 | ||||||
Senior PLC | 658,964 | 2,385,441 | ||||||
Shanks Group PLC | 413,746 | 493,179 | ||||||
SIG PLC | 313,477 | 753,983 | ||||||
SOCO International PLC (c) | 103,904 | 592,438 | ||||||
Spirent Communications PLC | 335,794 | 751,063 | ||||||
Spirit Pub Co. PLC | 330,397 | 294,744 | ||||||
Synthomer PLC | 127,412 | 415,571 | ||||||
Tullett Prebon PLC | 252,228 | 992,725 | ||||||
Ultra Electronics Holdings PLC | 51,025 | 1,332,638 | ||||||
Unite Group PLC | 285,624 | 1,392,196 | ||||||
Victrex PLC | 110,328 | 2,780,959 | ||||||
WH Smith PLC (a) | 167,079 | 1,893,880 | ||||||
Wincanton PLC (c) | 229,407 | 152,400 | ||||||
81,200,267 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $742,766,695) | 738,533,119 | |||||||
See accompanying notes to financial statements.
162
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
RIGHTS — 0.0% (f) | ||||||||
FINLAND — 0.0% (f) | ||||||||
Talvivaara Mining Co. PLC (expiring 4/5/13) (a)(c) (Cost $484,361) | 86,754 | $ | 44,783 | |||||
SHORT TERM INVESTMENTS — 11.2% | ||||||||
UNITED STATES — 11.2% | ||||||||
MONEY MARKET FUNDS — 11.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 83,199,699 | 83,199,699 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (h)(i) | 671,936 | 671,936 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $83,871,635) | 83,871,635 | |||||||
TOTAL INVESTMENTS — 110.1% | ||||||||
(Cost $827,122,691) | 822,449,537 | |||||||
OTHER ASSETS & LIABILITIES — (10.1)% | (75,776,352 | ) | ||||||
NET ASSETS — 100.0% | $ | 746,673,185 | ||||||
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(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) | Non-income producing security. | |||||
(d) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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 3 inputs. (Note 2) | |||||
(f) | Amount shown represents less than 0.05% of net assets. | |||||
(g) | Investments of cash collateral for securities loaned. | |||||
(h) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(i) | The rate shown is the annualized seven-day yield at period end. |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
SCA = Societe en Commandite par Actions
TRY = Turkish Lira
See accompanying notes to financial statements.
163
SPDR Dow Jones International Real Estate ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AUSTRALIA — 16.5% | ||||||||
Abacus Property Group (a) | 2,657,709 | $ | 5,957,206 | |||||
Astro Japan Property Group (a) | 683,278 | 2,592,958 | ||||||
BGP Holdings PLC (b) | 32,410,441 | 0 | ||||||
Bunnings Warehouse Property Trust (a) | 4,142,893 | 10,279,628 | ||||||
CFS Retail Property Trust Group (a) | 23,268,650 | 48,760,030 | ||||||
Charter Hall Retail REIT | 2,701,276 | 11,011,397 | ||||||
Commonwealth Property Office Fund (a) | 23,228,258 | 26,880,438 | ||||||
Dexus Property Group | 47,957,567 | 51,998,067 | ||||||
Goodman Group | 14,995,619 | 74,728,972 | ||||||
GPT Group (a) | 16,150,973 | 62,469,685 | ||||||
Investa Office Fund | 6,116,919 | 19,514,205 | ||||||
Westfield Group | 20,338,340 | 230,060,446 | ||||||
Westfield Retail Trust (a) | 30,288,273 | 95,362,619 | ||||||
639,615,651 | ||||||||
AUSTRIA — 1.5% | ||||||||
Atrium European Real Estate, Ltd. | 1,754,087 | 10,135,898 | ||||||
CA Immobilien Anlagen AG (c) | 726,055 | 9,570,334 | ||||||
IMMOFINANZ AG (a)(c) | 10,513,455 | 39,893,445 | ||||||
59,599,677 | ||||||||
BELGIUM — 0.7% | ||||||||
Befimmo Sicafi S.C.A. | 155,115 | 9,876,492 | ||||||
Cofinimmo | 153,718 | 17,636,722 | ||||||
27,513,214 | ||||||||
BRAZIL — 1.5% | ||||||||
BR Malls Participacoes SA | 4,497,553 | 56,120,432 | ||||||
CANADA — 10.7% | ||||||||
Artis REIT | 586,852 | 9,299,982 | ||||||
Boardwalk REIT | 255,188 | 15,696,341 | ||||||
Brookfield Asset Management, Inc. (Class A) (a) | 5,575,481 | 203,602,879 | ||||||
Brookfield Office Properties, Inc. (a)(d) | 567,223 | 9,739,219 | ||||||
Brookfield Office Properties, Inc. (a)(d) | 1,946,896 | 33,420,804 | ||||||
Calloway REIT | 556,835 | 16,048,161 | ||||||
Canadian Apartment Properties REIT | 489,920 | 12,161,802 | ||||||
Canadian REIT | 332,009 | 14,692,775 | ||||||
Chartwell Retirement Residences | 832,146 | 9,075,425 | ||||||
First Capital Realty, Inc. (a) | 841,848 | 15,702,564 | ||||||
H&R REIT | 946,987 | 21,802,279 | ||||||
Primaris Retail REIT | 470,178 | 12,601,946 | ||||||
RioCan REIT | 1,459,942 | 39,949,198 | ||||||
413,793,375 | ||||||||
CHINA — 3.1% | ||||||||
Hongkong Land Holdings, Ltd. | 11,666,000 | 86,445,060 | ||||||
Kerry Properties, Ltd. (a) | 7,556,670 | 33,535,878 | ||||||
119,980,938 | ||||||||
FRANCE — 8.5% | ||||||||
Fonciere Des Regions | 368,832 | 28,928,520 | ||||||
Gecina SA (a) | 261,715 | 30,420,879 | ||||||
Klepierre (a) | 968,109 | 38,096,272 | ||||||
Mercialys SA | 552,304 | 11,329,680 | ||||||
SILIC | 85,268 | 9,109,782 | ||||||
Unibail-Rodamco SE | 905,886 | 211,362,078 | ||||||
329,247,211 | ||||||||
GERMANY (e) — 0.0% | ||||||||
IVG Immobilien AG (a)(c) | 1,481,603 | 1,244,252 | ||||||
HONG KONG — 8.5% | ||||||||
Champion REIT (a) | 29,902,174 | 15,523,792 | ||||||
Hang Lung Group, Ltd. | 7,295,808 | 40,977,917 | ||||||
Hang Lung Properties, Ltd. (a) | 19,083,755 | 71,293,810 | ||||||
Hysan Development Co., Ltd. | 6,140,846 | 31,010,179 | ||||||
Prosperity REIT | 11,222,000 | 3,888,772 | ||||||
The Link REIT (a) | 22,693,929 | 123,663,079 | ||||||
Wheelock & Co., Ltd. | 8,191,545 | 43,634,633 | ||||||
329,992,182 | ||||||||
ITALY — 0.1% | ||||||||
Beni Stabili SpA | 8,202,123 | 4,898,591 | ||||||
JAPAN — 22.3% | ||||||||
Aeon Mall Co., Ltd. (a) | 794,640 | 24,104,587 | ||||||
Daibiru Corp. (a) | 569,700 | 6,665,284 | ||||||
Daiwa Office Investment Corp. (a) | 2,125 | 11,526,803 | ||||||
Frontier Real Estate Investment Corp. | 2,445 | 27,565,412 | ||||||
Fukuoka REIT Corp. | 1,201 | 10,921,666 | ||||||
Global One Real Estate Investment Co., Ltd. | 965 | 7,297,543 | ||||||
Hankyu REIT, Inc. | 847 | 5,882,695 | ||||||
Heiwa Real Estate Co., Ltd. | 355,100 | 6,941,861 | ||||||
Hulic Co., Ltd. (a) | 3,046,190 | 25,044,723 | ||||||
Japan Excellent, Inc. | 2,080 | 15,884,280 | ||||||
Japan Prime Realty Investment Corp. | 8,168 | 32,447,862 | ||||||
Japan Real Estate Investment Corp. | 5,891 | 80,764,720 | ||||||
Japan Retail Fund Investment Corp. | 20,603 | 50,882,967 | ||||||
Kenedix Realty Investment Corp. | 2,843 | 13,909,594 | ||||||
Mitsui Fudosan Co., Ltd. | 8,746,000 | 245,487,067 | ||||||
Mori Hills REIT Investment Corp. (a) | 2,043 | 15,232,323 | ||||||
Mori Trust Sogo REIT, Inc. (a) | 1,806 | 19,592,853 | ||||||
Nippon Building Fund, Inc. | 6,864 | 94,907,467 | ||||||
Nomura Real Estate Office Fund, Inc. | 2,875 | 21,588,492 | ||||||
NTT Urban Development Corp. | 10,783 | 12,764,815 | ||||||
Orix JREIT, Inc. | 15,750 | 22,196,075 | ||||||
Premier Investment Corp. (a) | 1,959 | 10,647,192 | ||||||
Tokyu Land Corp. (a) | 4,386,000 | 40,911,742 | ||||||
Tokyu REIT, Inc. (a) | 1,585 | 11,901,829 | ||||||
Top REIT, Inc. | 1,547 | 9,131,940 | ||||||
United Urban Investment Corp. (a) | 22,710 | 36,859,668 | ||||||
861,061,460 | ||||||||
NETHERLANDS — 2.1% | ||||||||
Corio NV | 953,010 | 44,538,725 | ||||||
Eurocommercial Properties NV | 350,721 | 12,860,046 | ||||||
VastNed Retail NV | 189,551 | 7,874,064 |
See accompanying notes to financial statements.
164
SPDR Dow Jones International Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Wereldhave NV | 215,866 | $ | 14,949,039 | |||||
80,221,874 | ||||||||
NEW ZEALAND — 0.8% | ||||||||
Argosy Property, Ltd. | 6,826,096 | 5,634,466 | ||||||
Goodman Property Trust | 9,843,518 | 8,620,070 | ||||||
Kiwi Income Property Trust (a) | 9,649,433 | 9,460,887 | ||||||
Precinct Properties (a) | 7,957,257 | 6,901,570 | ||||||
30,616,993 | ||||||||
SINGAPORE — 8.3% | ||||||||
Ascendas REIT (a) | 18,183,831 | 38,108,948 | ||||||
Cambridge Industrial Trust (a) | 11,254,304 | 7,166,613 | ||||||
CapitaCommercial Trust (a) | 20,111,676 | 25,694,830 | ||||||
CapitaLand, Ltd. (a) | 25,286,999 | 71,951,561 | ||||||
CapitaMall Trust | 25,344,168 | 42,696,527 | ||||||
Frasers Commercial Trust | 4,793,304 | 5,447,814 | ||||||
Global Logistic Properties, Ltd. (a) | 25,459,000 | 53,766,387 | ||||||
Guocoland, Ltd. (a) | 3,365,666 | 6,294,007 | ||||||
Mapletree Logistics Trust (a) | 14,501,279 | 14,202,043 | ||||||
Singapore Land, Ltd. | 904,000 | 6,776,721 | ||||||
Starhill Global REIT | 13,729,482 | 9,849,459 | ||||||
Suntec REIT (a) | 21,056,351 | 30,550,888 | ||||||
United Industrial Corp., Ltd. | 3,433,000 | 8,439,989 | ||||||
320,945,787 | ||||||||
SOUTH AFRICA — 1.1% | ||||||||
Capital Property Fund | 16,000,541 | 19,445,965 | ||||||
Fountainhead Property Trust | 11,637,752 | 11,365,723 | ||||||
SA Corporate Real Estate Fund | 14,090,284 | 6,634,733 | ||||||
Sycom Property Fund (a) | 1,212,903 | 3,792,945 | ||||||
41,239,366 | ||||||||
SPAIN — 0.0% | ||||||||
Martinsa-Fadesa SA (b)(c)(f) | 35,998 | 0 | ||||||
SWEDEN — 1.9% | ||||||||
Castellum AB (a) | 1,712,647 | 24,443,808 | ||||||
Fabege AB (a) | 1,387,676 | 14,213,968 | ||||||
Great Portland Estates PLC | 3,424,427 | 25,785,925 | ||||||
Kungsleden AB | 1,359,132 | 8,779,383 | ||||||
73,223,084 | ||||||||
SWITZERLAND — 2.1% | ||||||||
PSP Swiss Property AG (c) | 381,540 | 34,852,115 | ||||||
Swiss Prime Site AG (c) | 592,592 | 48,091,974 | ||||||
82,944,089 | ||||||||
UNITED KINGDOM — 10.0% | ||||||||
Big Yellow Group PLC | 1,255,669 | 6,768,684 | ||||||
British Land Co. PLC | 9,550,953 | 78,821,909 | ||||||
Capital & Counties Properties PLC | 6,149,012 | 25,424,573 | ||||||
Derwent London PLC | 852,788 | 27,866,604 | ||||||
Grainger PLC | 4,145,760 | 8,548,789 | ||||||
Hammerson PLC | 7,063,850 | 52,761,725 | ||||||
Intu Properties PLC | 6,516,697 | 33,079,931 | ||||||
Land Securities Group PLC | 7,736,597 | 97,387,945 | ||||||
Segro PLC | 7,388,152 | 28,528,759 | ||||||
Shaftesbury PLC | 2,503,843 | 22,108,410 | ||||||
Workspace Group PLC | 1,049,620 | 5,469,908 | ||||||
386,767,237 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $3,219,905,613) | 3,859,025,413 | |||||||
SHORT TERM INVESTMENTS — 4.2% | ||||||||
UNITED STATES — 4.2% | ||||||||
MONEY MARKET FUNDS — 4.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 164,192,394 | 164,192,394 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (h)(i) | 77,878 | 77,878 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $164,270,272) | 164,270,272 | |||||||
TOTAL INVESTMENTS — 103.9% | ||||||||
(Cost $3,384,175,885) | 4,023,295,685 | |||||||
OTHER ASSETS & LIABILITIES — (3.9)% | (152,060,549 | ) | ||||||
NET ASSETS — 100.0% | $ | 3,871,235,136 | ||||||
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(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) | Non-income producing security. | |||||
(d) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(e) | Amount shown represents less than 0.05% of net assets. | |||||
(f) | Company has filed for insolvency. | |||||
(g) | Investments of cash collateral for securities loaned. | |||||
(h) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(i) | The rate shown is the annualized seven-day yield at period end. |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
165
SPDR S&P Global Infrastructure ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AUSTRALIA — 2.5% | ||||||||
AGL Energy, Ltd. | 33,862 | $ | 559,902 | |||||
APA Group | 43,287 | 268,968 | ||||||
Asciano Group | 60,031 | 349,852 | ||||||
Transurban Group | 89,756 | 597,009 | ||||||
1,775,731 | ||||||||
BRAZIL — 0.6% | ||||||||
Centrais Eletricas Brasileiras SA ADR | 18,088 | 61,861 | ||||||
Companhia Energetica de Minas Gerais ADR (a) | 29,585 | 350,582 | ||||||
412,443 | ||||||||
CANADA — 8.8% | ||||||||
ATCO, Ltd. (Class I) | 3,135 | 283,645 | ||||||
Canadian Utilities, Ltd. (Class A) (a) | 5,421 | 429,593 | ||||||
Emera, Inc. | 8,061 | 278,499 | ||||||
Enbridge, Inc. | 45,065 | 2,098,109 | ||||||
Fortis, Inc. (a) | 11,771 | 395,669 | ||||||
Pembina Pipeline Corp. (a) | 17,916 | 566,075 | ||||||
TransAlta Corp. (a) | 15,664 | 228,958 | ||||||
TransCanada Corp. (a) | 43,305 | 2,067,319 | ||||||
6,347,867 | ||||||||
CZECH REPUBLIC — 0.4% | ||||||||
CEZ AS | 9,845 | 288,789 | ||||||
FINLAND — 0.8% | ||||||||
Fortum Oyj | 27,410 | 553,299 | ||||||
FRANCE — 3.3% | ||||||||
EDF SA | 16,034 | 308,015 | ||||||
GDF Suez | 80,257 | 1,547,930 | ||||||
Suez Environnement Co. | 15,655 | 200,001 | ||||||
Veolia Environnement SA | 23,299 | 294,336 | ||||||
2,350,282 | ||||||||
GERMANY — 4.3% | ||||||||
E.ON AG | 112,585 | 1,969,048 | ||||||
RWE AG | 29,766 | 1,111,319 | ||||||
3,080,367 | ||||||||
HONG KONG — 3.5% | ||||||||
CLP Holdings, Ltd. | 94,727 | 829,799 | ||||||
Hong Kong & China Gas Co., Ltd. | 315,859 | 921,619 | ||||||
Hongkong Electric Holdings, Ltd. | 81,500 | 769,051 | ||||||
2,520,469 | ||||||||
ITALY — 3.6% | ||||||||
Atlantia SpA | 19,160 | 303,113 | ||||||
Enel Green Power SpA | 95,399 | 179,220 | ||||||
Enel SpA | 399,341 | 1,305,573 | ||||||
Snam Rete Gas SpA | 103,974 | 474,772 | ||||||
Terna Rete Elettrica Nationale SpA | 80,412 | 333,520 | ||||||
2,596,198 | ||||||||
JAPAN — 4.8% | ||||||||
Chubu Electric Power Co., Inc. (a) | 43,698 | 535,884 | ||||||
Electric Power Development Co., Ltd. (a) | 9,041 | 238,189 | ||||||
Kyushu Electric Power Co., Inc. (a)(b) | 28,618 | 297,381 | ||||||
Osaka Gas Co., Ltd. (a) | 122,000 | 537,205 | ||||||
The Chugoku Electric Power Co., Inc. (a) | 19,175 | 255,952 | ||||||
The Kansai Electric Power Co., Inc. (a)(b) | 47,737 | 471,176 | ||||||
Tohoku Electric Power Co., Inc. (b) | 29,408 | 237,716 | ||||||
Tokyo Gas Co., Ltd. (a) | 154,423 | 844,219 | ||||||
3,417,722 | ||||||||
PORTUGAL — 0.4% | ||||||||
EDP — Energias de Portugal SA | 101,544 | 313,203 | ||||||
SINGAPORE — 0.4% | ||||||||
Hutchison Port Holdings Trust | 311,000 | 264,350 | ||||||
SOUTH KOREA — 0.5% | ||||||||
Korea Electric Power Corp. (b) | 320 | 8,715 | ||||||
Korea Electric Power Corp. ADR (b) | 27,722 | 374,886 | ||||||
383,601 | ||||||||
SPAIN — 3.5% | ||||||||
Abertis Infraestructuras SA (a) | 22,568 | 379,922 | ||||||
Enagas | 12,489 | 291,314 | ||||||
Gas Natural SDG SA | 18,921 | 335,534 | ||||||
Iberdrola SA | 251,747 | 1,174,433 | ||||||
Red Electrica Corporacion SA | 6,660 | 335,670 | ||||||
�� | 2,516,873 | |||||||
UNITED KINGDOM — 9.7% | ||||||||
Centrica PLC | 317,098 | 1,770,467 | ||||||
Drax Group PLC | 24,717 | 229,505 | ||||||
National Grid PLC | 223,910 | 2,600,972 | ||||||
Pennon Group PLC | 22,294 | 210,900 | ||||||
Scottish & Southern Energy PLC | 58,986 | 1,329,179 | ||||||
Severn Trent PLC | 14,653 | 380,918 | ||||||
United Utilities Group PLC | 41,963 | 451,447 | ||||||
6,973,388 | ||||||||
UNITED STATES — 52.5% | ||||||||
AGL Resources, Inc. (a) | 6,843 | 287,064 | ||||||
Alliant Energy Corp. | 6,798 | 341,124 | ||||||
Ameren Corp. | 14,902 | 521,868 | ||||||
American Electric Power Co., Inc. | 29,664 | 1,442,560 | ||||||
American Water Works Co., Inc. | 10,838 | 449,127 | ||||||
Aqua America, Inc. (a) | 7,045 | 221,495 | ||||||
Atmos Energy Corp. (a) | 5,500 | 234,795 | ||||||
Calpine Corp. (b) | 23,600 | 486,160 | ||||||
CenterPoint Energy, Inc. (a) | 26,296 | 630,052 | ||||||
CMS Energy Corp. (a) | 16,277 | 454,779 | ||||||
Consolidated Edison, Inc. (a) | 17,919 | 1,093,597 | ||||||
Dominion Resources, Inc. (a) | 35,055 | 2,039,500 | ||||||
DTE Energy Co. | 10,604 | 724,677 | ||||||
Duke Energy Corp. | 42,950 | 3,117,741 | ||||||
Edison International | 20,008 | 1,006,803 | ||||||
Entergy Corp. | 10,833 | 685,079 | ||||||
Exelon Corp. | 52,078 | 1,795,649 | ||||||
FirstEnergy Corp. | 25,786 | 1,088,169 | ||||||
Integrys Energy Group, Inc. (a) | 4,757 | 276,667 | ||||||
ITC Holdings Corp. (a) | 2,929 | 261,443 | ||||||
Kinder Morgan, Inc. | 40,429 | 1,563,794 | ||||||
National Fuel Gas Co. (a) | 4,607 | 282,639 | ||||||
NextEra Energy, Inc. | 25,964 | 2,016,884 | ||||||
NiSource, Inc. | 19,034 | 558,458 |
See accompanying notes to financial statements.
166
SPDR S&P Global Infrastructure ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Northeast Utilities (a) | 19,232 | $ | 835,823 | |||||
NRG Energy, Inc. | 19,913 | 527,495 | ||||||
NV Energy, Inc. | 14,393 | 288,292 | ||||||
OGE Energy Corp. | 5,998 | 419,740 | ||||||
ONEOK, Inc. (a) | 12,614 | 601,309 | ||||||
Pepco Holdings, Inc. (a) | 13,988 | 299,343 | ||||||
PG&E Corp. (a) | 26,999 | 1,202,265 | ||||||
Pinnacle West Capital Corp. | 6,778 | 392,378 | ||||||
PPL Corp. (a) | 35,507 | 1,111,724 | ||||||
Public Service Enterprise Group, Inc. | 31,341 | 1,076,250 | ||||||
SCANA Corp. | 7,236 | 370,194 | ||||||
Sempra Energy (a) | 14,830 | 1,185,510 | ||||||
Southern Co. | 53,297 | 2,500,695 | ||||||
Spectra Energy Corp. (a) | 40,979 | 1,260,104 | ||||||
TECO Energy, Inc. (a) | 13,223 | 235,634 | ||||||
The AES Corp. | 38,179 | 479,910 | ||||||
The Williams Cos., Inc. | 41,892 | 1,569,274 | ||||||
Westar Energy, Inc. (a) | 7,799 | 258,771 | ||||||
Wisconsin Energy Corp. (a) | 14,192 | 608,695 | ||||||
Xcel Energy, Inc. | 29,946 | 889,396 | ||||||
37,692,926 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $77,549,907) | 71,487,508 | |||||||
SHORT TERM INVESTMENTS — 13.4% | ||||||||
UNITED STATES — 13.4% | ||||||||
MONEY MARKET FUNDS — 13.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 9,516,330 | 9,516,330 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (d)(e) | 132,208 | 132,208 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $9,648,538) | 9,648,538 | |||||||
TOTAL INVESTMENTS — 113.0% | ||||||||
(Cost $87,198,445) | 81,136,046 | |||||||
OTHER ASSETS & LIABILITIES — (13.0)% | (9,327,399 | ) | ||||||
NET ASSETS — 100.0% | $ | 71,808,647 | ||||||
(a) | A portion of the security was on loan at March 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. |
ADR = American Depositary Receipt
PLC = Public Limited Company
See accompanying notes to financial statements.
167
SPDR S&P Global Natural Resources ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.4% | ||||||||
AUSTRALIA — 10.0% | ||||||||
Amcor, Ltd. | 756,252 | $ | 7,316,632 | |||||
BHP Billiton, Ltd. | 738,430 | 25,220,282 | ||||||
Fortescue Metals Group, Ltd. (a) | 597,672 | 2,455,025 | ||||||
Incitec Pivot, Ltd. (a) | 950,642 | 3,062,472 | ||||||
Newcrest Mining, Ltd. | 271,538 | 5,675,991 | ||||||
Rio Tinto, Ltd. (a) | 154,410 | 9,208,061 | ||||||
Woodside Petroleum, Ltd. | 82,324 | 3,074,318 | ||||||
56,012,781 | ||||||||
BRAZIL — 2.9% | ||||||||
Companhia Siderurgica Nacional SA ADR (a) | 263,638 | 1,181,098 | ||||||
Fibria Celulose SA ADR (a)(b) | 134,634 | 1,625,032 | ||||||
Gerdau SA ADR | 305,632 | 2,356,423 | ||||||
Petroleo Brasileiro SA ADR | 187,318 | 3,103,859 | ||||||
Vale SA ADR | 460,371 | 7,959,815 | ||||||
16,226,227 | ||||||||
CANADA — 12.6% | ||||||||
Agnico-Eagle Mines, Ltd. | 56,515 | 2,318,008 | ||||||
Agrium, Inc. (a) | 89,371 | 8,714,101 | ||||||
Barrick Gold Corp. | 341,202 | 10,031,339 | ||||||
Canadian Natural Resources, Ltd. (a) | 143,063 | 4,586,408 | ||||||
Goldcorp, Inc. | 279,320 | 9,397,271 | ||||||
Imperial Oil, Ltd. (a) | 33,099 | 1,352,695 | ||||||
Kinross Gold Corp. | 383,685 | 3,036,397 | ||||||
Potash Corp. of Saskatchewan, Inc. | 515,131 | 20,218,892 | ||||||
Suncor Energy, Inc. | 199,331 | 5,972,376 | ||||||
Teck Resources, Ltd. (Class B) | 164,868 | 4,641,198 | ||||||
70,268,685 | ||||||||
CHILE — 0.5% | ||||||||
Sociedad Quimica y Minera de Chile SA ADR | 53,515 | 2,967,407 | ||||||
CHINA — 0.6% | ||||||||
PetroChina Co., Ltd. | 2,336,000 | 3,063,449 | ||||||
COLOMBIA — 0.3% | ||||||||
Ecopetrol SA, ADR (a) | 27,084 | 1,476,620 | ||||||
FINLAND — 1.0% | ||||||||
Stora Enso Oyj | 347,222 | 2,244,943 | ||||||
UPM-Kymmene Oyj | 319,768 | 3,574,393 | ||||||
5,819,336 | ||||||||
FRANCE — 2.7% | ||||||||
Total SA | 312,128 | 14,972,009 | ||||||
GERMANY — 1.4% | ||||||||
K+S AG | 103,427 | 4,819,030 | ||||||
ThyssenKrupp AG (b) | 137,654 | 2,804,320 | ||||||
7,623,350 | ||||||||
HONG KONG — 0.6% | ||||||||
CNOOC, Ltd. | 1,783,000 | 3,426,969 | ||||||
INDIA — 0.5% | ||||||||
Reliance Industries, Ltd. GDR (c) | 89,979 | 2,562,602 | ||||||
ISRAEL — 0.6% | ||||||||
Israel Chemicals, Ltd. | 262,502 | 3,394,812 | ||||||
ITALY — 1.4% | ||||||||
ENI SpA | 355,462 | 8,001,542 | ||||||
JAPAN — 2.5% | ||||||||
JFE Holdings, Inc. (a) | 191,200 | 3,593,388 | ||||||
Nippon Steel Corp. (a) | 3,308,000 | 8,268,241 | ||||||
OJI Paper Co., Ltd. (a) | 599,000 | 2,210,732 | ||||||
14,072,361 | ||||||||
LUXEMBOURG — 0.8% | ||||||||
ArcelorMittal | 347,149 | 4,480,026 | ||||||
NETHERLANDS — 3.2% | ||||||||
Nutreco NV | 21,432 | 1,970,215 | ||||||
Royal Dutch Shell PLC (Class A) | 488,126 | 15,780,047 | ||||||
17,750,262 | ||||||||
NORWAY — 1.5% | ||||||||
StatoilHydro ASA | 138,331 | 3,348,879 | ||||||
Yara International ASA | 111,217 | 5,045,524 | ||||||
8,394,403 | ||||||||
PERU — 0.7% | ||||||||
Compania de Minas Buenaventura SA ADR | 62,470 | 1,621,721 | ||||||
Southern Copper Corp. (a) | 67,453 | 2,534,209 | ||||||
4,155,930 | ||||||||
RUSSIA — 3.8% | ||||||||
Gazprom OAO ADR | 660,779 | 5,686,558 | ||||||
Lukoil OAO ADR (d) | 56,060 | 3,625,649 | ||||||
Lukoil OAO ADR (d) | 1,498 | 97,033 | ||||||
MMC Norilsk Nickel OJSC ADR | 247,938 | 4,194,870 | ||||||
Novolipetsk Steel OJSC GDR (d) | 21,669 | 343,190 | ||||||
Novolipetsk Steel OJSC GDR (d) | 2,158 | 34,178 | ||||||
Rosneft Oil Co. GDR | 119,315 | 917,135 | ||||||
Surgutneftegas OJSC ADR | 110,341 | 986,094 | ||||||
Uralkali OJSC GDR | 146,447 | 5,416,414 | ||||||
21,301,121 | ||||||||
SINGAPORE — 1.1% | ||||||||
Golden Agri-Resources, Ltd. (a) | 3,990,000 | 1,865,388 | ||||||
Wilmar International, Ltd. (a) | 1,484,000 | 4,126,874 | ||||||
5,992,262 | ||||||||
SOUTH AFRICA — 1.4% | ||||||||
AngloGold Ashanti, Ltd. ADR | 128,986 | 3,037,620 | ||||||
Gold Fields, Ltd. ADR | 252,081 | 1,953,628 | ||||||
Sasol, Ltd. ADR | 56,727 | 2,515,275 | ||||||
Sibanye Gold, Ltd. ADR (b) | 60,112 | 339,633 | ||||||
7,846,156 | ||||||||
SOUTH KOREA — 1.5% | ||||||||
POSCO ADR | 115,980 | 8,522,742 | ||||||
SPAIN — 0.4% | ||||||||
Repsol YPF SA | 116,819 | 2,377,614 | ||||||
SWEDEN — 1.7% | ||||||||
Svenska Cellulosa AB (Class B) | 370,291 | 9,567,654 | ||||||
SWITZERLAND — 4.2% | ||||||||
Syngenta AG | 55,791 | 23,330,943 | ||||||
UNITED KINGDOM — 8.8% | ||||||||
Anglo American PLC | 484,248 | 12,441,390 |
See accompanying notes to financial statements.
168
SPDR S&P Global Natural Resources ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Antofagasta PLC | 131,811 | $ | 1,969,461 | |||||
BG Group PLC | 437,911 | 7,507,243 | ||||||
BP PLC | 2,469,695 | 17,246,756 | ||||||
Xstrata PLC | 596,437 | 9,672,451 | ||||||
48,837,301 | ||||||||
UNITED STATES — 32.7% | ||||||||
Alcoa, Inc. (a) | 368,636 | 3,140,779 | ||||||
Anadarko Petroleum Corp. | 44,402 | 3,882,955 | ||||||
Apache Corp. | 34,861 | 2,689,875 | ||||||
Archer-Daniels-Midland Co. | 287,539 | 9,698,691 | ||||||
Bunge, Ltd. (a) | 63,454 | 4,684,809 | ||||||
CF Industries Holdings, Inc. | 27,463 | 5,228,131 | ||||||
Chevron Corp. | 173,750 | 20,644,975 | ||||||
ConocoPhillips (a) | 106,751 | 6,415,735 | ||||||
Devon Energy Corp. (a) | 34,422 | 1,942,089 | ||||||
EOG Resources, Inc. | 24,672 | 3,159,743 | ||||||
Exxon Mobil Corp. | 317,634 | 28,622,000 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 323,813 | 10,718,210 | ||||||
International Paper Co. | 183,821 | 8,562,382 | ||||||
MeadWestvaco Corp. | 75,678 | 2,747,111 | ||||||
Monsanto Co. | 230,378 | 24,334,828 | ||||||
Newmont Mining Corp. | 169,514 | 7,100,942 | ||||||
Nucor Corp. (a) | 111,467 | 5,144,202 | ||||||
Occidental Petroleum Corp. | 72,769 | 5,702,907 | ||||||
Phillips 66 | 55,765 | 3,901,877 | ||||||
Plum Creek Timber Co., Inc. (a) | 69,650 | 3,635,730 | ||||||
Rayonier, Inc. | 53,529 | 3,194,075 | ||||||
Rock-Tenn Co. (Class A) | 29,210 | 2,710,396 | ||||||
The Mosaic Co. | 120,645 | 7,191,648 | ||||||
Weyerhaeuser Co. | 238,371 | 7,480,082 | ||||||
182,534,172 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $570,583,457) | 554,978,736 | |||||||
SHORT TERM INVESTMENTS — 5.9% | ||||||||
UNITED STATES — 5.9% | ||||||||
MONEY MARKET FUNDS — 5.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 31,479,670 | 31,479,670 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (f)(g) | 1,216,747 | 1,216,747 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $32,696,417) | 32,696,417 | |||||||
TOTAL INVESTMENTS — 105.3% | ||||||||
(Cost $603,279,874) | 587,675,153 | |||||||
OTHER ASSETS & LIABILITIES — (5.3)% | (29,582,657 | ) | ||||||
NET ASSETS — 100.0% | $ | 558,092,496 | ||||||
(a) | A portion of the security was on loan at March 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 March 31, 2013, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(d) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
PLC = Public Limited Company
See accompanying notes to financial statements.
169
SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
AUSTRALIA — 6.5% | ||||||||
Alumina, Ltd. (a)(b) | 229,364 | $ | 265,427 | |||||
Amcor, Ltd. | 113,032 | 1,093,569 | ||||||
AMP, Ltd. | 74,501 | 404,666 | ||||||
Australia & New Zealand Banking Group, Ltd. | 44,210 | 1,314,980 | ||||||
BHP Billiton, Ltd. | 104,033 | 3,553,135 | ||||||
Boral, Ltd. | 149,743 | 766,522 | ||||||
Brambles, Ltd. | 56,671 | 500,427 | ||||||
CFS Retail Property Trust Group | 171,489 | 359,359 | ||||||
Coca-Cola Amatil, Ltd. | 77,103 | 1,171,994 | ||||||
Commonwealth Bank of Australia | 38,769 | 2,748,869 | ||||||
CSL, Ltd. | 20,595 | 1,271,746 | ||||||
Fortescue Metals Group, Ltd. (b) | 62,860 | 258,207 | ||||||
Iluka Resources, Ltd. (b) | 12,596 | 122,784 | ||||||
Insurance Australia Group, Ltd. | 80,194 | 477,391 | ||||||
Lend Lease Group | 70,152 | 745,997 | ||||||
Macquarie Group, Ltd. | 20,663 | 800,293 | ||||||
National Australia Bank, Ltd. | 42,411 | 1,363,608 | ||||||
Newcrest Mining, Ltd. | 18,464 | 385,955 | ||||||
Origin Energy, Ltd. | 61,321 | 848,993 | ||||||
OZ Minerals, Ltd. | 32,146 | 178,628 | ||||||
Qantas Airways, Ltd. (a) | 183,469 | 341,427 | ||||||
QBE Insurance Group, Ltd. | 27,036 | 380,798 | ||||||
Rio Tinto, Ltd. | 9,599 | 572,425 | ||||||
Santos, Ltd. | 55,119 | 714,281 | ||||||
Sonic Healthcare, Ltd. | 27,319 | 396,746 | ||||||
Suncorp Group, Ltd. | 76,900 | 947,634 | ||||||
Toll Holdings, Ltd. | 77,009 | 476,094 | ||||||
Transurban Group | 69,739 | 463,867 | ||||||
Wesfarmers, Ltd. (c) | 1,261 | 52,849 | ||||||
Wesfarmers, Ltd. (c) | 14,524 | 617,793 | ||||||
Westfield Group | 43,963 | 497,295 | ||||||
Westpac Banking Corp. | 57,836 | 1,854,733 | ||||||
Woodside Petroleum, Ltd. | 19,708 | 735,978 | ||||||
Woolworths, Ltd. | 34,864 | 1,228,180 | ||||||
27,912,650 | ||||||||
AUSTRIA — 0.3% | ||||||||
Erste Group Bank AG (a) | 14,579 | 406,805 | ||||||
OMV AG | 7,387 | 314,686 | ||||||
Raiffeisen International Bank-Holding AG | 9,840 | 335,031 | ||||||
Telekom Austria AG | 15,088 | 99,178 | ||||||
1,155,700 | ||||||||
BELGIUM — 0.7% | ||||||||
Ageas | 11,668 | 395,323 | ||||||
Ageas VVPR Strip (a)(d) | 266 | 0 | ||||||
Anheuser-Busch InBev NV | 15,729 | 1,560,265 | ||||||
Anheuser-Busch InBev NV — VVPR Strip (a)(d) | 8,694 | 0 | ||||||
Delhaize Group (b) | 3,334 | 182,186 | ||||||
KBC Groep NV | 9,567 | 330,097 | ||||||
Solvay SA | 2,952 | 400,483 | ||||||
UCB SA | 4,956 | 316,927 | ||||||
3,185,281 | ||||||||
BRAZIL — 2.4% | ||||||||
Banco Bradesco SA Preference Shares ADR (b) | 72,010 | 1,225,617 | ||||||
Companhia de Bebidas das Americas Preference Shares ADR | 37,945 | 1,606,212 | ||||||
Companhia Energetica de Minas Gerais ADR (b) | 61,528 | 729,107 | ||||||
Companhia Siderurgica Nacional SA ADR (b) | 46,657 | 209,023 | ||||||
Gerdau SA ADR | 69,535 | 536,115 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 94,467 | 1,681,513 | ||||||
OGX Petroleo e Gas Participacoes SA ADR (a)(b) | 33,517 | 39,215 | ||||||
PDG Realty SA Empreendimentos e Participacoes ADR | 24,468 | 75,851 | ||||||
Petroleo Brasileiro SA ADR | 121,794 | 2,210,561 | ||||||
Tim Participacoes SA ADR | 7,579 | 165,828 | ||||||
Vale SA ADR (b) | 15,539 | 268,669 | ||||||
Vale SA Preference Shares ADR | 102,403 | 1,692,722 | ||||||
10,440,433 | ||||||||
CANADA — 7.8% | ||||||||
Agnico-Eagle Mines, Ltd. | 4,163 | 170,749 | ||||||
Agrium, Inc. (b) | 5,471 | 533,449 | ||||||
Bank of Montreal (b) | 17,727 | 1,115,669 | ||||||
Bank of Nova Scotia (b) | 27,796 | 1,617,227 | ||||||
Barrick Gold Corp. | 29,935 | 879,237 | ||||||
Brookfield Asset Management, Inc. (Class A) | 18,443 | 673,493 | ||||||
Brookfield Office Properties, Inc. (b) | 30,847 | 529,526 | ||||||
Cameco Corp. (b) | 12,350 | 256,251 | ||||||
Canadian Imperial Bank of Commerce (b) | 10,973 | 860,602 | ||||||
Canadian National Railway Co. (b) | 15,846 | 1,592,477 | ||||||
Canadian Natural Resources, Ltd. (b) | 34,423 | 1,103,555 | ||||||
Canadian Pacific Railway, Ltd. (b) | 7,376 | 962,267 | ||||||
Canadian Tire Corp., Ltd. (Class A) | 5,471 | 394,782 | ||||||
Cenovus Energy, Inc. (b) | 23,961 | 741,978 | ||||||
Eldorado Gold Corp. | 15,801 | 151,019 | ||||||
Enbridge, Inc. | 29,715 | 1,383,453 | ||||||
EnCana Corp. (b) | 24,088 | 468,506 | ||||||
Enerplus Corp. (b) | 9,688 | 141,513 | ||||||
First Quantum Minerals, Ltd. | 11,242 | 213,786 | ||||||
Gildan Activewear, Inc. | 12,918 | 515,347 | ||||||
Goldcorp, Inc. | 22,089 | 743,149 | ||||||
Husky Energy, Inc. (b) | 12,481 | 358,232 | ||||||
IAMGOLD Corp. | 12,882 | 92,943 | ||||||
IGM Financial, Inc. (b) | 10,415 | 469,211 | ||||||
Imperial Oil, Ltd. (b) | 14,004 | 572,318 | ||||||
Kinross Gold Corp. | 27,750 | 219,607 | ||||||
Loblaw Cos., Ltd. (b) | 9,949 | 418,544 | ||||||
Manulife Financial Corp. (b) | 43,878 | 646,109 | ||||||
National Bank of Canada (b) | 9,505 | 698,034 | ||||||
New Gold, Inc. (a) | 15,676 | 142,572 | ||||||
Onex Corp. | 17,403 | 829,766 | ||||||
Penn West Petroleum, Ltd. (b) | 13,276 | 142,698 | ||||||
Potash Corp. of Saskatchewan, Inc. | 29,900 | 1,174,280 | ||||||
Research In Motion, Ltd. (a)(b) | 15,237 | 226,317 |
See accompanying notes to financial statements.
170
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Rogers Communications, Inc. (Class B) (b) | 14,861 | $ | 759,031 | |||||
Royal Bank of Canada | 35,099 | 2,114,335 | ||||||
Shaw Communications, Inc. (Class B) (b) | 15,926 | 394,407 | ||||||
Shoppers Drug Mart Corp. (b) | 10,017 | 428,603 | ||||||
Silver Wheaton Corp. | 9,977 | 312,288 | ||||||
SNC-Lavalin Group, Inc. | 13,121 | 549,146 | ||||||
Sun Life Financial, Inc. (b) | 17,716 | 483,378 | ||||||
Suncor Energy, Inc. | 34,906 | 1,045,857 | ||||||
Talisman Energy, Inc. | 39,010 | 476,898 | ||||||
Teck Resources, Ltd. (Class B) | 22,244 | 626,191 | ||||||
TELUS Corp. | 8,071 | 557,371 | ||||||
The Toronto-Dominion Bank (b) | 22,160 | 1,844,867 | ||||||
Thomson Reuters Corp. (b) | 17,498 | 567,680 | ||||||
TransAlta Corp. (b) | 19,030 | 278,159 | ||||||
TransCanada Corp. (b) | 18,733 | 894,287 | ||||||
Valeant Pharmaceuticals International, Inc. (a) | 5,712 | 428,758 | ||||||
Yamana Gold, Inc. (b) | 18,888 | 290,956 | ||||||
33,090,878 | ||||||||
CHILE — 0.5% | ||||||||
Empresa Nacional de Electricidad SA ADR | 15,549 | 825,341 | ||||||
Enersis SA ADR | 47,437 | 912,688 | ||||||
Sociedad Quimica y Minera de Chile SA ADR | 3,648 | 202,282 | ||||||
1,940,311 | ||||||||
CHINA — 2.5% | ||||||||
Agricultural Bank of China, Ltd. (b) | 739,000 | 354,142 | ||||||
Bank of China, Ltd. | 2,202,436 | 1,021,400 | ||||||
Bank of Communications Co., Ltd. (b) | 437,710 | 327,607 | ||||||
China Construction Bank Corp. | 1,618,720 | 1,322,059 | ||||||
China COSCO Holdings Co., Ltd. (a)(b) | 314,295 | 148,187 | ||||||
China Life Insurance Co., Ltd. | 256,000 | 662,866 | ||||||
China Merchants Bank Co., Ltd. | 157,500 | 333,559 | ||||||
China Petroleum & Chemical Corp. | 646,000 | 760,622 | ||||||
China Shenhua Energy Co., Ltd. | 62,500 | 227,049 | ||||||
China Telecom Corp., Ltd. | 754,000 | 379,785 | ||||||
Hengan International Group Co., Ltd. | 32,000 | 313,089 | ||||||
Huaneng Power International, Inc. (b) | 520,000 | 554,656 | ||||||
Industrial & Commercial Bank of China | 1,748,045 | 1,225,015 | ||||||
PetroChina Co., Ltd. | 646,000 | 847,170 | ||||||
PICC Property & Casualty Co., Ltd. | 136,400 | 175,186 | ||||||
Ping An Insurance Group Co. of China, Ltd. (b) | 64,000 | 496,325 | ||||||
Tencent Holdings, Ltd. | 25,900 | 823,446 | ||||||
Tingyi Cayman Islands Holding Corp. | 126,000 | 328,689 | ||||||
Wumart Stores, Inc. (b) | 59,000 | 106,711 | ||||||
Yanzhou Coal Mining Co., Ltd. (b) | 124,000 | 167,087 | ||||||
Zijin Mining Group Co., Ltd. (b) | 638,000 | 210,402 | ||||||
10,785,052 | ||||||||
COLOMBIA — 0.1% | ||||||||
BanColombia SA ADR | 4,742 | 299,932 | ||||||
DENMARK — 0.9% | ||||||||
A P Moller — Maersk A/S | 64 | 500,491 | ||||||
Danske Bank A/S (a) | 21,590 | 386,764 | ||||||
DSV A/S (b) | 16,593 | 401,571 | ||||||
Novo Nordisk A/S (Class B) | 15,601 | 2,539,479 | ||||||
3,828,305 | ||||||||
FINLAND — 0.9% | ||||||||
Elisa Oyj (b) | 10,609 | 197,397 | ||||||
Fortum Oyj | 15,810 | 319,141 | ||||||
Kesko Oyj (Class B) | 6,372 | 199,402 | ||||||
Kone Oyj (Class B) (b) | 12,139 | 956,304 | ||||||
Metso Oyj (b) | 8,383 | 357,277 | ||||||
Neste Oil Oyj | 10,152 | 143,398 | ||||||
Nokia Oyj (b) | 67,461 | 218,646 | ||||||
Sampo Oyj (Class A) | 16,884 | 650,422 | ||||||
Stora Enso Oyj | 43,054 | 278,363 | ||||||
UPM-Kymmene Oyj | 27,170 | 303,709 | ||||||
Wartsila Oyj (b) | 7,631 | 343,454 | ||||||
3,967,513 | ||||||||
FRANCE — 5.9% | ||||||||
Accor SA | 7,622 | 265,239 | ||||||
Air Liquide SA | 9,922 | 1,207,576 | ||||||
Alstom SA | 6,795 | 277,033 | ||||||
AXA SA | 43,185 | 743,636 | ||||||
BNP Paribas | 27,400 | 1,408,780 | ||||||
Bouygues SA | 7,246 | 196,885 | ||||||
Cap Gemini SA | 5,007 | 228,247 | ||||||
Carrefour SA | 18,854 | 517,013 | ||||||
Credit Agricole SA (a) | 24,285 | 200,391 | ||||||
Danone | 16,336 | 1,138,634 | ||||||
Essilor International SA | 10,327 | 1,150,382 | ||||||
France Telecom SA | 56,967 | 577,164 | ||||||
GDF Suez | 29,910 | 576,879 | ||||||
L’Oreal SA | 8,341 | 1,324,910 | ||||||
Lagardere SCA | 5,777 | 213,089 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 6,789 | 1,167,307 | ||||||
Pernod — Ricard SA | 5,922 | 739,227 | ||||||
Peugeot SA (a)(b) | 14,521 | 105,352 | ||||||
PPR | 4,240 | 933,201 | ||||||
Publicis Groupe SA | 7,592 | 509,964 | ||||||
Renault SA | 13,518 | 848,394 | ||||||
Sanofi | 29,897 | 3,043,232 | ||||||
Schneider Electric SA | 15,522 | 1,136,112 | ||||||
Societe Generale (a) | 18,143 | 597,113 | ||||||
Sodexo | 4,501 | 420,186 | ||||||
Technip SA | 4,693 | 481,982 | ||||||
Total SA | 61,865 | 2,967,511 | ||||||
Unibail-Rodamco SE | 2,210 | 515,639 | ||||||
Vallourec SA | 3,246 | 156,307 | ||||||
Veolia Environnement SA | 12,133 | 153,276 | ||||||
Vinci SA | 15,713 | 709,123 | ||||||
Vivendi SA | 39,498 | 817,342 | ||||||
25,327,126 | ||||||||
GERMANY — 5.5% | ||||||||
Adidas AG | 9,699 | 1,008,066 | ||||||
Allianz SE | 12,937 | 1,760,083 |
See accompanying notes to financial statements.
171
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
BASF SE | 26,956 | $ | 2,364,841 | |||||
Bayer AG | 21,161 | 2,186,597 | ||||||
Commerzbank AG (a)(b) | 103,444 | 152,093 | ||||||
Daimler AG | 27,135 | 1,478,955 | ||||||
Deutsche Bank AG | 23,001 | 898,324 | ||||||
Deutsche Boerse AG | 8,206 | 497,836 | ||||||
Deutsche Lufthansa AG | 11,866 | 232,138 | ||||||
Deutsche Post AG | 31,688 | 731,412 | ||||||
Deutsche Telekom AG | 86,144 | 912,152 | ||||||
E.ON AG | 55,044 | 962,688 | ||||||
Fresenius Medical Care AG & Co. KGaA | 8,917 | 602,859 | ||||||
Linde AG | 4,058 | 755,837 | ||||||
MAN SE | 4,626 | 498,208 | ||||||
Merck KGaA | 3,275 | 494,979 | ||||||
Metro AG | 5,841 | 166,359 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 6,516 | 1,220,773 | ||||||
RWE AG | 14,193 | 529,898 | ||||||
Salzgitter AG | 1,940 | 78,010 | ||||||
SAP AG | 27,278 | 2,189,229 | ||||||
Siemens AG | 24,676 | 2,662,611 | ||||||
ThyssenKrupp AG (a) | 11,629 | 236,909 | ||||||
Volkswagen AG | 3,678 | 693,088 | ||||||
23,313,945 | ||||||||
HONG KONG — 3.8% | ||||||||
AIA Group, Ltd. | 141,800 | 621,077 | ||||||
Bank of East Asia, Ltd. (b) | 220,156 | 867,844 | ||||||
Belle International Holdings, Ltd. | 189,000 | 314,081 | ||||||
Cheung Kong Holdings, Ltd. | 64,000 | 944,832 | ||||||
China Mengniu Dairy Co., Ltd. | 61,000 | 175,236 | ||||||
China Merchants Holdings International Co., Ltd. | 128,941 | 422,736 | ||||||
China Mobile, Ltd. | 194,000 | 2,054,298 | ||||||
China Overseas Land & Investment, Ltd. (b) | 130,000 | 358,383 | ||||||
China Resources Enterprise, Ltd. | 126,000 | 373,326 | ||||||
China Unicom (Hong Kong), Ltd. (b) | 252,000 | 337,617 | ||||||
Citic Pacific, Ltd. (b) | 130,000 | 168,808 | ||||||
CNOOC, Ltd. | 582,217 | 1,119,035 | ||||||
COSCO Pacific, Ltd. | 257,934 | 372,149 | ||||||
Esprit Holdings, Ltd. (b) | 6 | 7 | ||||||
Hang Lung Properties, Ltd. | 130,000 | 485,659 | ||||||
Henderson Land Development Co., Ltd. | 63,284 | 432,891 | ||||||
Hong Kong & China Gas Co., Ltd. | 453,229 | 1,322,440 | ||||||
Hong Kong Exchanges and Clearing, Ltd. | 51,777 | 881,776 | ||||||
Hutchison Whampoa, Ltd. | 64,000 | 666,989 | ||||||
Li & Fung, Ltd. (b) | 260,000 | 358,383 | ||||||
New World Development Co., Ltd. | 389,179 | 658,771 | ||||||
Sands China, Ltd. | 77,600 | 402,363 | ||||||
Shangri-La Asia, Ltd. | 128,333 | 251,288 | ||||||
Sun Hung Kai Properties, Ltd. | 65,688 | 885,131 | ||||||
Swire Pacific, Ltd. | 64,000 | 815,804 | ||||||
The Link REIT | 161,774 | 881,534 | ||||||
16,172,458 | ||||||||
HUNGARY — 0.1% | ||||||||
MOL Hungarian Oil and Gas NyRt | 3,988 | 280,845 | ||||||
INDIA — 1.6% | ||||||||
Axis Bank, Ltd. GDR | 8,999 | 217,956 | ||||||
Dr. Reddy’s Laboratories, Ltd. ADR | 25,801 | 834,663 | ||||||
HDFC Bank, Ltd. ADR | 38,803 | 1,452,008 | ||||||
ICICI Bank, Ltd. ADR | 28,418 | 1,219,132 | ||||||
Infosys Technologies, Ltd. ADR (b) | 17,964 | 968,439 | ||||||
Mahindra & Mahindra, Ltd. GDR | 11,226 | 178,943 | ||||||
Reliance Industries, Ltd. GDR (e) | 32,092 | 913,980 | ||||||
Tata Motors, Ltd. ADR | 35,717 | 871,852 | ||||||
6,656,973 | ||||||||
INDONESIA — 0.9% | ||||||||
Astra Agro Lestari Tbk PT | 91,000 | 173,244 | ||||||
Astra International Tbk PT | 1,324,000 | 1,076,367 | ||||||
Bank Central Asia Tbk PT | 226,500 | 265,717 | ||||||
Bank Mandiri Tbk PT | 262,000 | 269,617 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 1,227,600 | 1,105,377 | ||||||
Bumi Resources Tbk PT | 809,500 | 57,479 | ||||||
Charoen Pokphand Indonesia Tbk PT | 664,000 | 345,068 | ||||||
Gudang Garam Tbk PT | 30,500 | 153,638 | ||||||
Telekomunikasi Indonesia Tbk PT | 356,000 | 402,984 | ||||||
3,849,491 | ||||||||
IRELAND — 0.3% | ||||||||
CRH PLC | 7,684 | 169,910 | ||||||
Elan Corp. PLC (a) | 33,781 | 389,059 | ||||||
James Hardie Industries Plc | 79,731 | 832,066 | ||||||
Prothena Corp. PLC (a)(b) | 735 | 4,917 | ||||||
1,395,952 | ||||||||
ISRAEL — 0.5% | ||||||||
Bank Hapoalim BM (a) | 125,691 | 569,963 | ||||||
Bank Leumi Le-Israel BM (a) | 114,770 | 404,857 | ||||||
Teva Pharmaceutical Industries, Ltd. ADR | 29,805 | 1,182,662 | ||||||
2,157,482 | ||||||||
ITALY — 1.2% | ||||||||
Assicurazioni Generali SpA | 30,063 | 468,651 | ||||||
Atlantia SpA | 21,720 | 343,613 | ||||||
Banca Monte dei Paschi di Siena SpA (a)(b) | 190,009 | 45,138 | ||||||
Enel SpA | 171,644 | 561,159 | ||||||
ENI SpA | 59,158 | 1,331,662 | ||||||
Fiat Industrial SpA | 21,665 | 243,981 | ||||||
Fiat SpA (a) | 46,567 | 248,156 | ||||||
Finmeccanica SpA (a)(b) | 14,259 | 68,662 | ||||||
Intesa Sanpaolo SpA | 309,645 | 454,076 | ||||||
Mediobanca SpA | 20,563 | 104,828 | ||||||
Pirelli & C. SpA | 26,673 | 280,343 | ||||||
Saipem SpA | 12,687 | 390,830 | ||||||
Telecom Italia SpA | 423,518 | 299,655 | ||||||
UBI Banca ScPA | 30,261 | 111,678 | ||||||
UniCredit SpA (a) | 18,866 | 80,672 | ||||||
5,033,104 | ||||||||
JAPAN — 14.7% | ||||||||
Aeon Co., Ltd. (b) | 19,000 | 245,533 | ||||||
Aisin Seiki Co., Ltd. | 12,700 | 466,018 |
See accompanying notes to financial statements.
172
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Asahi Breweries, Ltd. | 19,400 | $ | 464,057 | |||||
Asahi Glass Co., Ltd. | 63,000 | 432,195 | ||||||
Asahi Kasei Corp. (b) | 65,000 | 434,163 | ||||||
Astellas Pharma, Inc. | 19,400 | 1,044,076 | ||||||
Bridgestone Corp. | 19,400 | 654,095 | ||||||
Canon, Inc. | 25,600 | 925,760 | ||||||
Central Japan Railway Co. (b) | 6,500 | 685,812 | ||||||
Chubu Electric Power Co., Inc. (b) | 25,800 | 316,394 | ||||||
Chuo Mitsui Trust Holdings, Inc. | 64,000 | 301,553 | ||||||
Credit Saison Co., Ltd. (b) | 18,900 | 471,193 | ||||||
Daiichi Sankyo Co., Ltd. (b) | 25,900 | 499,984 | ||||||
Daikin Industries, Ltd. | 19,400 | 761,391 | ||||||
Daiwa Securities Group, Inc. | 63,000 | 439,566 | ||||||
DeNA Co., Ltd. (b) | 6,700 | 182,073 | ||||||
Denso Corp. | 13,000 | 551,000 | ||||||
East Japan Railway Co. | 12,900 | 1,059,221 | ||||||
Eisai Co., Ltd. (b) | 6,500 | 290,364 | ||||||
Electric Power Development Co., Ltd. (b) | 6,500 | 171,245 | ||||||
FANUC Corp. | 6,400 | 986,343 | ||||||
FUJIFILM Holdings Corp. (b) | 19,100 | 372,980 | ||||||
Fujitsu, Ltd. (b) | 65,000 | 268,241 | ||||||
Furukawa Electric Co., Ltd. (b) | 65,000 | 145,182 | ||||||
Hitachi, Ltd. (b) | 129,000 | 745,022 | ||||||
Honda Motor Co., Ltd. | 45,300 | 1,712,843 | ||||||
Hoya Corp. | 13,000 | 242,246 | ||||||
Inpex Corp. | 63 | 335,035 | ||||||
ITOCHU Corp. (b) | 64,700 | 778,299 | ||||||
Japan Real Estate Investment Corp. | 65 | 891,140 | ||||||
Japan Retail Fund Investment Corp. | 260 | 642,119 | ||||||
Japan Tobacco, Inc. | 25,900 | 826,420 | ||||||
JFE Holdings, Inc. (b) | 19,100 | 358,963 | ||||||
JSR Corp. | 13,000 | 264,369 | ||||||
JX Holdings, Inc. | 116,608 | 646,169 | ||||||
Kajima Corp. (b) | 65,000 | 176,984 | ||||||
Kamigumi Co., Ltd. | 64,000 | 595,618 | ||||||
KDDI Corp. (b) | 13,000 | 535,099 | ||||||
Keikyu Corp. (b) | 64,423 | 674,927 | ||||||
Kintetsu Corp. (b) | 129,000 | 598,213 | ||||||
Kobe Steel, Ltd. (a)(b) | 130,000 | 150,713 | ||||||
Komatsu, Ltd. | 32,300 | 772,630 | ||||||
Konica Minolta Holdings, Inc. (b) | 32,500 | 237,822 | ||||||
Kubota Corp. (b) | 64,000 | 910,785 | ||||||
Kyocera Corp. | 6,400 | 599,702 | ||||||
LIXIL Group Corp. (b) | 12,700 | 250,974 | ||||||
Makita Corp. (b) | 6,300 | 286,455 | ||||||
Marubeni Corp. (b) | 64,000 | 478,536 | ||||||
Marui Group Co., Ltd. (b) | 38,900 | 403,398 | ||||||
Mitsubishi Chemical Holdings Corp. (b) | 65,000 | 300,734 | ||||||
Mitsubishi Corp. (b) | 45,300 | 839,799 | ||||||
Mitsubishi Electric Corp. | 64,000 | 515,295 | ||||||
Mitsubishi Estate Co., Ltd. | 64,618 | 1,784,177 | ||||||
Mitsubishi Heavy Industries, Ltd. | 129,000 | 734,046 | ||||||
Mitsubishi UFJ Financial Group, Inc. (b) | 267,500 | 1,587,588 | ||||||
Mitsui & Co., Ltd. (b) | 64,700 | 903,543 | ||||||
Mitsui Chemicals, Inc. (b) | 65,000 | 141,725 | ||||||
Mizuho Financial Group, Inc. (b) | 370,900 | 785,036 | ||||||
MS&AD Insurance Group Holdings, Inc. (b) | 19,400 | 426,297 | ||||||
Murata Manufacturing Co., Ltd. (b) | 6,500 | 484,631 | ||||||
NEC Corp. (b) | 62,000 | 161,561 | ||||||
Nidec Corp. (b) | 6,600 | 395,214 | ||||||
Nippon Steel Corp. (b) | 259,000 | 647,362 | ||||||
Nippon Telegraph & Telephone Corp. | 12,900 | 563,226 | ||||||
Nippon Yusen K.K. (b) | 65,000 | 167,996 | ||||||
Nissan Motor Co., Ltd. (b) | 64,700 | 622,777 | ||||||
Nitto Denko Corp. | 6,400 | 379,153 | ||||||
NKSJ Holdings, Inc. (b) | 19,300 | 403,161 | ||||||
Nomura Holdings, Inc. (b) | 70,700 | 433,885 | ||||||
NTT Data Corp. (b) | 65 | 216,736 | ||||||
NTT DoCoMo, Inc. (b) | 518 | 782,895 | ||||||
Obayashi Corp. (b) | 65,000 | 311,104 | ||||||
ORIX Corp. (a)(b) | 71,200 | 901,927 | ||||||
Osaka Gas Co., Ltd. | 129,000 | 568,028 | ||||||
Panasonic Corp. (b) | 66,200 | 460,485 | ||||||
Resona Holdings, Inc. (b) | 19,400 | 100,693 | ||||||
Rohm Co., Ltd. (b) | 6,300 | 231,174 | ||||||
Secom Co., Ltd. | 6,500 | 335,301 | ||||||
Seven & I Holdings Co., Ltd. | 25,900 | 858,099 | ||||||
Sharp Corp. (a)(b) | 63,000 | 182,259 | ||||||
Shin-Etsu Chemical Co., Ltd. (b) | 12,900 | 857,530 | ||||||
Softbank Corp. (b) | 25,900 | 1,195,554 | ||||||
Sony Corp. (b) | 32,100 | 560,606 | ||||||
Sumitomo Chemical Co., Ltd. (b) | 65,000 | 202,563 | ||||||
Sumitomo Corp. (b) | 32,400 | 405,948 | ||||||
Sumitomo Electric Industries, Ltd. | 25,900 | 319,825 | ||||||
Sumitomo Mitsui Financial Group, Inc. (b) | 19,400 | 778,930 | ||||||
T&D Holdings, Inc. (b) | 12,700 | 153,448 | ||||||
Takeda Pharmaceutical Co., Ltd. (b) | 25,900 | 1,385,631 | ||||||
TDK Corp. (b) | 6,500 | 226,069 | ||||||
Teijin, Ltd. (b) | 129,000 | 299,107 | ||||||
Terumo Corp. (b) | 12,900 | 555,680 | ||||||
The Bank of Yokohama, Ltd. | 65,000 | 376,782 | ||||||
The Chiba Bank, Ltd. | 65,000 | 466,656 | ||||||
The Joyo Bank, Ltd. (b) | 65,000 | 364,337 | ||||||
The Kansai Electric Power Co., Inc. (a) | 31,900 | 314,861 | ||||||
The Shizuoka Bank, Ltd. | 64,000 | 721,549 | ||||||
The Tokyo Electric Power Co., Inc. (a)(b) | 45,200 | 122,591 | ||||||
Tohoku Electric Power Co., Inc. (a) | 13,100 | 105,892 | ||||||
Tokio Marine Holdings, Inc. | 19,400 | 546,799 | ||||||
Tokyo Electron, Ltd. (b) | 6,500 | 287,944 | ||||||
Tokyo Gas Co., Ltd. (b) | 129,000 | 705,233 | ||||||
Tokyu Corp. (b) | 65,000 | 490,162 | ||||||
Toppan Printing Co., Ltd. (b) | 65,000 | 467,347 | ||||||
Toray Industries, Inc. (b) | 65,000 | 439,694 | ||||||
Toshiba Corp. (b) | 65,000 | 326,314 | ||||||
Toyota Motor Corp. | 77,700 | 4,016,401 | ||||||
Toyota Tsusho Corp. | 19,400 | 503,261 | ||||||
West Japan Railway Co. (b) | 12,900 | 619,480 | ||||||
Yahoo! Japan Corp. (b) | 842 | 387,775 | ||||||
Yamada Denki Co., Ltd. (b) | 3,810 | 174,048 | ||||||
Yamaha Corp. | 25,000 | 248,351 |
See accompanying notes to financial statements.
173
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Yamaha Motor Co., Ltd. (b) | 25,900 | $ | 355,361 | |||||
62,490,556 | ||||||||
LUXEMBOURG — 0.1% | ||||||||
ArcelorMittal | 21,210 | 273,719 | ||||||
MEXICO — 1.3% | ||||||||
America Movil SAB de CV (b) | 1,159,177 | 1,229,714 | ||||||
Cemex SAB de CV (a)(b) | 449,878 | 547,985 | ||||||
Fomento Economico Mexicano SAB de CV | 60,458 | 680,910 | ||||||
Grupo Financiero Banorte SAB de CV | 134,740 | 1,077,557 | ||||||
Grupo Mexico SAB de CV | 75,637 | 305,818 | ||||||
Grupo Modelo SAB de CV (b) | 76,863 | 697,359 | ||||||
Grupo Televisa SA de CV (Series CPO) (b) | 118,167 | 627,745 | ||||||
Industrias Penoles SA de CV | 5,440 | 258,537 | ||||||
5,425,625 | ||||||||
NETHERLANDS — 2.9% | ||||||||
Akzo Nobel NV | 10,359 | 658,714 | ||||||
ASML Holding NV | 11,678 | 786,825 | ||||||
European Aeronautic Defence and Space Co. NV | 15,208 | 775,285 | ||||||
Heineken NV | 8,205 | 619,519 | ||||||
ING Groep NV (a) | 79,414 | 564,638 | ||||||
Koninklijke (Royal) KPN NV (b) | 61,868 | 208,463 | ||||||
Koninklijke Ahold NV | 42,135 | 646,831 | ||||||
Koninklijke DSM NV | 8,972 | 523,166 | ||||||
Koninklijke Philips Electronics NV | 36,824 | 1,091,590 | ||||||
Reed Elsevier NV | 33,647 | 577,449 | ||||||
Royal Dutch Shell PLC (Class A) | 99,072 | 3,202,781 | ||||||
TNT Express NV | 16,924 | 124,264 | ||||||
Unilever NV | 52,946 | 2,172,554 | ||||||
Wolters Kluwer NV | 16,608 | 363,294 | ||||||
12,315,373 | ||||||||
NORWAY — 0.6% | ||||||||
DnB NOR ASA | 51,951 | 762,898 | ||||||
Norsk Hydro ASA | 78,550 | 339,923 | ||||||
StatoilHydro ASA | 31,251 | 756,561 | ||||||
Telenor ASA | 25,063 | 548,743 | ||||||
Yara International ASA | 6,423 | 291,389 | ||||||
2,699,514 | ||||||||
PERU — 0.1% | ||||||||
Cia de Minas Buenaventura SA ADR | 4,515 | 117,209 | ||||||
Credicorp, Ltd. | 1,871 | 310,680 | ||||||
427,889 | ||||||||
PHILIPPINES — 0.1% | ||||||||
Philippine Long Distance Telephone Co. ADR | 3,712 | 263,329 | ||||||
POLAND — 0.0% (f) | ||||||||
Telekomunikacja Polska SA GDR (b) | 49,784 | 102,097 | ||||||
PORTUGAL — 0.1% | ||||||||
Portugal Telecom SGPS SA (b) | 48,473 | 240,511 | ||||||
RUSSIA — 1.3% | ||||||||
Federal Hydrogenerating Co. JSC ADR (c) | 40,054 | 77,075 | ||||||
Federal Hydrogenerating Co. JSC ADR (c) | 4,877 | 9,517 | ||||||
Gazprom OAO ADR (b) | 151,333 | 1,302,348 | ||||||
Lukoil OAO ADR | 18,388 | 1,191,080 | ||||||
Mechel OAO ADR (b) | 30,981 | 157,070 | ||||||
MMC Norilsk Nickel OJSC ADR | 9,965 | 168,598 | ||||||
Mobile TeleSystems ADR | 30,223 | 627,735 | ||||||
Sberbank of Russia ADR | 42,114 | 540,941 | ||||||
Surgutneftegas OJSC ADR Preference Shares | 42,481 | 295,360 | ||||||
Tatneft ADR | 24,535 | 981,484 | ||||||
Uralkali OJSC GDR | 6,366 | 235,450 | ||||||
5,586,658 | ||||||||
SINGAPORE — 1.2% | ||||||||
CapitaLand, Ltd. (b) | 129,000 | 367,056 | ||||||
DBS Group Holdings, Ltd. | 64,208 | 828,090 | ||||||
Singapore Exchange, Ltd. | 129,000 | 800,661 | ||||||
Singapore Press Holdings, Ltd. (b) | 194,000 | 700,564 | ||||||
Singapore Telecommunications, Ltd. | 453,000 | 1,310,874 | ||||||
United Overseas Bank, Ltd. | 64,014 | 1,051,592 | ||||||
5,058,837 | ||||||||
SOUTH AFRICA — 1.3% | ||||||||
Anglo Platinum, Ltd. (a)(b) | 5,089 | 211,981 | ||||||
AngloGold Ashanti, Ltd. | 13,454 | 315,422 | ||||||
Discovery Holdings, Ltd. | 29,997 | 255,815 | ||||||
FirstRand, Ltd. | 126,473 | 443,888 | ||||||
Gold Fields, Ltd. | 30,639 | 234,774 | ||||||
Harmony Gold Mining Co., Ltd. | 26,739 | 172,276 | ||||||
Impala Platinum Holdings, Ltd. (b) | 19,404 | 286,795 | ||||||
MTN Group, Ltd. (b) | 47,564 | 837,177 | ||||||
Naspers, Ltd. | 12,982 | 810,592 | ||||||
Sanlam, Ltd. | 124,389 | 639,676 | ||||||
Sasol, Ltd. | 19,537 | 867,431 | ||||||
Standard Bank Group, Ltd. | 41,406 | 534,316 | ||||||
5,610,143 | ||||||||
SOUTH KOREA — 3.9% | ||||||||
Celltrion, Inc. (b) | 3,988 | 193,199 | ||||||
CJ CheilJedang Corp. | 689 | 215,816 | ||||||
E-Mart Co., Ltd. | 788 | 155,815 | ||||||
Hana Financial Group, Inc. | 15,785 | 561,115 | ||||||
Honam Petrochemical Corp. | 887 | 157,852 | ||||||
Hyundai Department Store Co., Ltd. | 1,327 | 198,585 | ||||||
Hyundai Development Co. | 9,854 | 227,175 | ||||||
Hyundai Heavy Industries Co., Ltd. | 2,130 | 403,946 | ||||||
Hyundai Hysco Co., Ltd. | 5,180 | 155,502 | ||||||
Hyundai Mobis | 3,124 | 863,410 | ||||||
Hyundai Motor Co. | 4,432 | 892,296 | ||||||
KB Financial Group, Inc. | 15,743 | 530,615 | ||||||
Kia Motors Corp. | 14,785 | 738,851 | ||||||
Korea Electric Power Corp. ADR (a) | 18,241 | 246,674 | ||||||
Korea Zinc Co., Ltd. | 972 | 308,391 | ||||||
KT Corp. ADR (a) | 13,116 | 207,226 | ||||||
KT&G Corp. | 4,889 | 336,597 | ||||||
LG Chem, Ltd. Preference Shares | 4,053 | 326,032 | ||||||
LG Electronics, Inc. (b) | 5,782 | 421,463 | ||||||
LG Household & Health Care, Ltd. | 394 | 218,141 | ||||||
NCSoft Corp. | 690 | 97,367 |
See accompanying notes to financial statements.
174
SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
NHN Corp. | 1,699 | $ | 422,994 | |||||
POSCO ADR | 9,810 | 720,884 | ||||||
Samsung C&T Corp. | 9,794 | 602,992 | ||||||
Samsung Electronics Co., Ltd. GDR | 6,534 | 4,440,281 | ||||||
Samsung Engineering Co., Ltd. | 1,043 | 122,336 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 1,997 | 391,287 | ||||||
Samsung Heavy Industries Co., Ltd. | 14,900 | 466,044 | ||||||
Samsung Securities Co., Ltd. | 6,760 | 329,312 | ||||||
Shinhan Financial Group Co., Ltd. | 11,891 | 431,778 | ||||||
SK Holdings Co., Ltd. | 2,353 | 360,585 | ||||||
SK Hynix, Inc. (a) | 9,960 | 257,370 | ||||||
SK Innovation Co., Ltd. | 3,019 | 439,581 | ||||||
SK Telecom Co., Ltd. ADR (b) | 15,088 | 269,623 | ||||||
16,711,135 | ||||||||
SPAIN — 1.7% | ||||||||
Abertis Infraestructuras SA (b) | 24,782 | 417,194 | ||||||
Acciona SA | 2,513 | 137,242 | ||||||
ACS, Actividades de Construccion y Servicios SA | 11,850 | 277,018 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 72,289 | 627,784 | ||||||
Banco Popular Espanol SA (a) | 52,760 | 39,159 | ||||||
Banco Santander SA | 203,589 | 1,370,408 | ||||||
Ferrovial SA | 34,589 | 549,866 | ||||||
Gas Natural SDG SA | 10,792 | 191,379 | ||||||
Iberdrola SA | 132,169 | 616,586 | ||||||
Industria de Diseno Textil SA | 6,159 | 817,766 | ||||||
Mapfre SA (b) | 73,761 | 228,361 | ||||||
Repsol YPF SA | 30,875 | 628,398 | ||||||
Telefonica SA | 98,993 | 1,333,456 | ||||||
7,234,617 | ||||||||
SWEDEN — 2.2% | ||||||||
Assa Abloy AB (Class B) | 16,912 | 692,138 | ||||||
Atlas Copco AB (Class B) | 40,319 | 1,020,687 | ||||||
Hennes & Mauritz AB (Class B) | 27,639 | 990,447 | ||||||
Husqvarna AB (Class B) | 78,457 | 464,081 | ||||||
Nordea Bank AB | 95,276 | 1,081,416 | ||||||
Sandvik AB | 34,853 | 537,107 | ||||||
Securitas AB (Class B) | 21,015 | 198,288 | ||||||
Skandinaviska Enskilda Banken AB (Class A) (b) | 37,602 | 378,507 | ||||||
Skanska AB (Class B) | 20,954 | 379,634 | ||||||
SKF AB (Class B) | 20,369 | 497,791 | ||||||
Svenska Handelsbanken AB (Class A) (b) | 17,911 | 767,182 | ||||||
Tele2 AB (Class B) | 26,092 | 455,065 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 88,119 | 1,100,471 | ||||||
TeliaSonera AB | 61,874 | 442,787 | ||||||
Volvo AB (Class B) | 36,170 | 527,085 | ||||||
9,532,686 | ||||||||
SWITZERLAND — 6.9% | ||||||||
ABB, Ltd. (a) | 61,399 | 1,388,196 | ||||||
Adecco SA (a) | 5,215 | 286,372 | ||||||
Compagnie Financiere Richemont SA | 6,013 | 473,065 | ||||||
Credit Suisse Group AG (a)(b) | 26,012 | 684,259 | ||||||
Geberit AG | 1,937 | 478,037 | ||||||
Givaudan SA (a) | 511 | 629,205 | ||||||
Holcim, Ltd. (a) | 8,156 | 651,567 | ||||||
Kuehne & Nagel International AG | 4,805 | 525,178 | ||||||
Nestle SA | 106,586 | 7,727,049 | ||||||
Novartis AG | 61,169 | 4,356,987 | ||||||
Roche Holding AG | 20,645 | 4,818,148 | ||||||
SGS SA | 259 | 636,731 | ||||||
Swiss Re AG | 8,801 | 717,501 | ||||||
Syngenta AG | 3,546 | 1,482,883 | ||||||
The Swatch Group AG | 2,227 | 1,298,172 | ||||||
Transocean, Ltd. | 3,806 | 197,866 | ||||||
UBS AG (a) | 86,779 | 1,333,370 | ||||||
Wolseley PLC | 15,857 | 788,075 | ||||||
Zurich Insurance Group AG (a) | 4,097 | 1,143,067 | ||||||
29,615,728 | ||||||||
TAIWAN — 2.1% | ||||||||
Advanced Semiconductor Engineering Inc, ADR | 198,597 | 826,352 | ||||||
AU Optronics Corp. ADR (a)(b) | 85,967 | 375,345 | ||||||
Chunghwa Telecom Co., Ltd. ADR (b) | 26,411 | 826,727 | ||||||
Hon Hai Precision Industry Co., Ltd. GDR | 269,350 | 1,512,521 | ||||||
Siliconware Precision Industries Co. ADR (b) | 128,800 | 749,616 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 211,219 | 3,649,009 | ||||||
United Microelectronics Corp. ADR (b) | 464,747 | 844,081 | ||||||
8,783,651 | ||||||||
THAILAND — 0.7% | ||||||||
Bangkok Bank PCL | 268,376 | 2,126,113 | ||||||
IRPC PCL | 1,637,600 | 220,323 | ||||||
PTT PCL | 52,577 | 585,286 | ||||||
2,931,722 | ||||||||
TURKEY — 0.4% | ||||||||
Akbank TAS | 144,821 | 757,119 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS | 180,370 | 291,064 | ||||||
Turkiye Garanti Bankasi AS | 64,775 | 345,801 | ||||||
Turkiye Is Bankasi (Class C) | 106,687 | 410,357 | ||||||
1,804,341 | ||||||||
UNITED KINGDOM — 15.2% | ||||||||
3i Group PLC | 76,011 | 364,724 | ||||||
Anglo American PLC | 41,000 | 1,053,380 | ||||||
AstraZeneca PLC | 42,869 | 2,147,792 | ||||||
BAE Systems PLC | 99,329 | 594,708 | ||||||
Barclays PLC | 302,845 | 1,338,868 | ||||||
BG Group PLC | 101,358 | 1,737,611 | ||||||
BHP Billiton PLC | 50,992 | 1,482,762 | ||||||
BP PLC | 514,317 | 3,591,658 | ||||||
British American Tobacco PLC | 57,503 | 3,079,617 | ||||||
British Land Co. PLC | 70,808 | 584,363 | ||||||
British Sky Broadcasting Group PLC | 41,743 | 559,687 | ||||||
BT Group PLC | 100,623 | 424,759 | ||||||
Burberry Group PLC | 17,159 | 346,272 | ||||||
Capita Group PLC | 27,410 | 374,170 | ||||||
Centrica PLC | 190,916 | 1,065,949 |
See accompanying notes to financial statements.
175
SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Cobham PLC | 90,157 | $ | 332,664 | |||||
Compass Group PLC | 77,213 | 985,437 | ||||||
Diageo PLC | 80,989 | 2,551,789 | ||||||
Experian PLC | 48,033 | 831,467 | ||||||
Fresnillo PLC | 7,055 | 145,264 | ||||||
G4S PLC | 68,517 | 303,172 | ||||||
GlaxoSmithKline PLC | 148,631 | 3,472,223 | ||||||
Hammerson PLC | 61,210 | 457,193 | ||||||
HSBC Holdings PLC | 487,829 | 5,203,729 | ||||||
ICAP PLC | 70,550 | 311,096 | ||||||
Imperial Tobacco Group PLC | 29,514 | 1,030,310 | ||||||
Intercontinental Hotels Group PLC | 28,736 | 875,738 | ||||||
J Sainsbury PLC | 64,719 | 371,962 | ||||||
Land Securities Group PLC | 34,480 | 434,033 | ||||||
Lloyds Banking Group PLC (a) | 628,263 | 464,496 | ||||||
Marks & Spencer Group PLC | 54,241 | 321,213 | ||||||
National Grid PLC | 131,938 | 1,532,611 | ||||||
Next PLC | 10,868 | 720,500 | ||||||
Old Mutual PLC | 345,937 | 1,064,759 | ||||||
Pearson PLC | 29,163 | 524,306 | ||||||
Prudential PLC | 39,910 | 645,404 | ||||||
Randgold Resources, Ltd. | 1,780 | 153,521 | ||||||
Reckitt Benckiser Group PLC | 21,483 | 1,539,053 | ||||||
Reed Elsevier PLC | 42,459 | 503,525 | ||||||
Rio Tinto PLC | 38,229 | 1,790,807 | ||||||
Rolls-Royce Holdings PLC (a) | 58,496 | 1,003,703 | ||||||
Royal Bank of Scotland Group PLC (a) | 71,345 | 298,460 | ||||||
Royal Dutch Shell PLC (Class B) | 80,594 | 2,673,960 | ||||||
RSA Insurance Group PLC | 109,707 | 193,905 | ||||||
SABMiller PLC | 26,670 | 1,402,819 | ||||||
Scottish & Southern Energy PLC | 35,429 | 798,350 | ||||||
Severn Trent PLC | 19,184 | 498,705 | ||||||
Smith & Nephew PLC | 40,431 | 466,583 | ||||||
Smiths Group PLC | 16,379 | 312,625 | ||||||
Standard Chartered PLC | 43,278 | 1,119,464 | ||||||
Standard Life PLC | 102,830 | 570,388 | ||||||
Tesco PLC | 236,460 | 1,369,966 | ||||||
The Sage Group PLC | 61,688 | 321,008 | ||||||
Tullow Oil PLC | 14,965 | 279,728 | ||||||
Unilever PLC | 41,509 | 1,754,738 | ||||||
United Utilities Group PLC | 28,420 | 305,749 | ||||||
Vodafone Group PLC | 1,430,833 | 4,054,164 | ||||||
Whitbread PLC | 17,005 | 663,090 | ||||||
WPP PLC | 41,881 | 667,103 | ||||||
Xstrata PLC | 46,181 | 748,920 | ||||||
64,816,020 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $457,617,266) | 422,717,582 | |||||||
SHORT TERM INVESTMENTS — 7.9% | ||||||||
UNITED STATES — 7.9% | ||||||||
MONEY MARKET FUNDS — 7.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 32,990,476 | 32,990,476 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (h)(i) | 826,426 | 826,426 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $33,816,902) | 33,816,902 | |||||||
TOTAL INVESTMENTS — 107.1% | ||||||||
(Cost $491,434,168) | 456,534,484 | |||||||
OTHER ASSETS & LIABILITIES — (7.1)% | (30,267,930 | ) | ||||||
NET ASSETS — 100.0% | $ | 426,266,554 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 31, 2013. | |||||
(c) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(d) | 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) | |||||
(e) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.2% of net assets as of March 31, 2013, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(f) | Amount shown represents less than 0.05% of net assets. | |||||
(g) | Investments of cash collateral for securities loaned. | |||||
(h) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(i) | The rate shown is the annualized seven-day yield at period end. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
PCL = Public Company Limited
PLC = Public Limited Company
REIT = Real Estate Investment Trust
SCA = Societe en Commandite par Actions
See accompanying notes to financial statements.
176
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.4% | ||||||||
AUSTRALIA — 3.3% | ||||||||
Alumina, Ltd. (a) | 3,276 | $ | 3,791 | |||||
Amcor, Ltd. | 280 | 2,709 | ||||||
AMP, Ltd. | 960 | 5,214 | ||||||
Australia & New Zealand Banking Group, Ltd. | 217 | 6,454 | ||||||
BHP Billiton, Ltd. | 282 | 9,631 | ||||||
Boral, Ltd. | 930 | 4,761 | ||||||
Brambles, Ltd. | 688 | 6,075 | ||||||
CFS Retail Property Trust Group | 3,750 | 7,858 | ||||||
Coca-Cola Amatil, Ltd. | 329 | 5,001 | ||||||
Commonwealth Bank of Australia | 71 | 5,034 | ||||||
CSL, Ltd. | 129 | 7,966 | ||||||
Fortescue Metals Group, Ltd. | 497 | 2,042 | ||||||
Iluka Resources, Ltd. | 134 | 1,306 | ||||||
Insurance Australia Group, Ltd. | 1,461 | 8,697 | ||||||
Lend Lease Group | 775 | 8,241 | ||||||
Macquarie Group, Ltd. | 142 | 5,500 | ||||||
National Australia Bank, Ltd. | 275 | 8,842 | ||||||
Newcrest Mining, Ltd. | 159 | 3,324 | ||||||
Origin Energy, Ltd. | 321 | 4,444 | ||||||
OZ Minerals, Ltd. | 486 | 2,701 | ||||||
QBE Insurance Group, Ltd. | 236 | 3,324 | ||||||
Rio Tinto, Ltd. | 101 | 6,023 | ||||||
Santos, Ltd. | 364 | 4,717 | ||||||
Shopping Centres Australasia Property Group (a) | 22 | 38 | ||||||
Sonic Healthcare, Ltd. | 354 | 5,141 | ||||||
Suncorp Group, Ltd. | 481 | 5,927 | ||||||
Toll Holdings, Ltd. | 930 | 5,750 | ||||||
Transurban Group | 456 | 3,033 | ||||||
Wesfarmers, Ltd. (b) | 304 | 12,931 | ||||||
Wesfarmers, Ltd. (b) | 13 | 545 | ||||||
Westfield Group | 566 | 6,402 | ||||||
Westpac Banking Corp. | 326 | 10,455 | ||||||
Woodside Petroleum, Ltd. | 130 | 4,855 | ||||||
Woolworths, Ltd. | 114 | 4,016 | ||||||
182,748 | ||||||||
AUSTRIA — 0.1% | ||||||||
OMV AG | 136 | 5,794 | ||||||
BELGIUM — 0.4% | ||||||||
Anheuser-Busch InBev NV | 79 | 7,836 | ||||||
Delhaize Group | 71 | 3,880 | ||||||
Solvay SA | 37 | 5,020 | ||||||
UCB SA | 120 | 7,674 | ||||||
24,410 | ||||||||
BRAZIL — 1.1% | ||||||||
Banco Bradesco SA Preference Shares ADR | 439 | 7,470 | ||||||
Companhia de Bebidas das Americas Preference Shares ADR | 153 | 6,476 | ||||||
Companhia Energetica de Minas Gerais ADR (c) | 390 | 4,622 | ||||||
Companhia Siderurgica Nacional SA ADR | 505 | 2,262 | ||||||
Gerdau SA ADR | 456 | 3,516 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 448 | 7,974 | ||||||
OGX Petroleo e Gas Participacoes SA ADR (a) | 358 | 419 | ||||||
Oi SA ADR (b) | 105 | 353 | ||||||
Oi SA ADR (b)(c) | 1,080 | 3,283 | ||||||
PDG Realty SA Empreendimentos e Participacoes ADR | 342 | 1,060 | ||||||
Petroleo Brasileiro SA ADR | 571 | 10,364 | ||||||
Tim Participacoes SA ADR | 174 | 3,807 | ||||||
Vale SA Preference Shares ADR | 607 | 10,034 | ||||||
61,640 | ||||||||
CANADA — 4.0% | ||||||||
Agrium, Inc. | 34 | 3,315 | ||||||
Bank of Montreal | 74 | 4,657 | ||||||
Bank of Nova Scotia | 94 | 5,469 | ||||||
Barrick Gold Corp. | 145 | 4,259 | ||||||
Brookfield Asset Management, Inc. (Class A) | 144 | 5,258 | ||||||
Brookfield Office Properties, Inc. | 205 | 3,519 | ||||||
Cameco Corp. | 193 | 4,005 | ||||||
Canadian Imperial Bank of Commerce | 34 | 2,667 | ||||||
Canadian National Railway Co. | 73 | 7,336 | ||||||
Canadian Natural Resources, Ltd. | 146 | 4,681 | ||||||
Canadian Pacific Railway, Ltd. | 31 | 4,044 | ||||||
Canadian Tire Corp., Ltd. (Class A) | 36 | 2,598 | ||||||
Cenovus Energy, Inc. | 185 | 5,729 | ||||||
Eldorado Gold Corp. | 199 | 1,902 | ||||||
Enbridge, Inc. | 165 | 7,682 | ||||||
EnCana Corp. | 271 | 5,271 | ||||||
Enerplus Corp. | 213 | 3,111 | ||||||
First Quantum Minerals, Ltd. | 103 | 1,959 | ||||||
Goldcorp, Inc. | 142 | 4,777 | ||||||
IAMGOLD Corp. | 214 | 1,544 | ||||||
IGM Financial, Inc. | 57 | 2,568 | ||||||
Imperial Oil, Ltd. | 106 | 4,332 | ||||||
Kinross Gold Corp. | 314 | 2,485 | ||||||
Loblaw Cos., Ltd. | 114 | 4,796 | ||||||
Manulife Financial Corp. | 380 | 5,595 | ||||||
National Bank of Canada | 100 | 7,344 | ||||||
Onex Corp. | 126 | 6,008 | ||||||
Penn West Petroleum, Ltd. | 164 | 1,763 | ||||||
Potash Corp. of Saskatchewan, Inc. | 108 | 4,241 | ||||||
Rogers Communications, Inc. (Class B) | 201 | 10,266 | ||||||
Royal Bank of Canada | 176 | 10,602 | ||||||
Shaw Communications, Inc. (Class B) | 134 | 3,318 | ||||||
Shoppers Drug Mart Corp. | 88 | 3,765 | ||||||
Silver Wheaton Corp. | 95 | 2,974 | ||||||
SNC-Lavalin Group, Inc. | 84 | 3,516 | ||||||
Sun Life Financial, Inc. | 207 | 5,648 | ||||||
Suncor Energy, Inc. | 295 | 8,839 | ||||||
Talisman Energy, Inc. | 344 | 4,205 | ||||||
Teck Resources, Ltd. (Class B) | 105 | 2,956 | ||||||
TELUS Corp. | 142 | 9,806 | ||||||
The Toronto-Dominion Bank | 81 | 6,743 | ||||||
TMX Group, Ltd. | 8 | 438 | ||||||
TransAlta Corp. | 329 | 4,809 | ||||||
TransCanada Corp. (c) | 59 | 2,817 | ||||||
Valeant Pharmaceuticals International, Inc. (a) | 115 | 8,632 |
See accompanying notes to financial statements.
177
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Yamana Gold, Inc. | 289 | $ | 4,452 | |||||
216,701 | ||||||||
CHILE — 0.3% | ||||||||
Empresa Nacional de Electricidad SA ADR | 112 | 5,945 | ||||||
Enersis SA ADR | 350 | 6,734 | ||||||
Sociedad Quimica y Minera de Chile SA ADR | 64 | 3,549 | ||||||
16,228 | ||||||||
CHINA — 1.3% | ||||||||
Agricultural Bank of China, Ltd. | 7,000 | 3,354 | ||||||
Bank of China, Ltd. | 13,000 | 6,029 | ||||||
Bank of Communications Co., Ltd. | 5,000 | 3,742 | ||||||
China Construction Bank Corp. | 6,000 | 4,900 | ||||||
China Life Insurance Co., Ltd. | 1,000 | 2,589 | ||||||
China Merchants Bank Co., Ltd. | 1,000 | 2,118 | ||||||
China Petroleum & Chemical Corp. | 4,000 | 4,710 | ||||||
China Shenhua Energy Co., Ltd. | 500 | 1,816 | ||||||
China Telecom Corp., Ltd. | 6,000 | 3,022 | ||||||
Hengan International Group Co., Ltd. | 500 | 4,892 | ||||||
Huaneng Power International, Inc. | 4,000 | 4,267 | ||||||
Industrial & Commercial Bank of China | 11,000 | 7,709 | ||||||
PetroChina Co., Ltd. | 4,000 | 5,246 | ||||||
PICC Property & Casualty Co., Ltd. | 2,000 | 2,569 | ||||||
Ping An Insurance Group Co. of China, Ltd. | 500 | 3,878 | ||||||
Tencent Holdings, Ltd. | 200 | 6,359 | ||||||
Wumart Stores, Inc. | 2,000 | 3,617 | ||||||
Yanzhou Coal Mining Co., Ltd. | 2,000 | 2,695 | ||||||
73,512 | ||||||||
COLOMBIA — 0.1% | ||||||||
BanColombia SA ADR | 94 | 5,945 | ||||||
DENMARK — 0.5% | ||||||||
A P Moller — Maersk A/S | 1 | 7,820 | ||||||
Danske Bank A/S (a) | 164 | 2,938 | ||||||
DSV A/S | 246 | 5,953 | ||||||
Novo Nordisk A/S (Class B) | 73 | 11,883 | ||||||
28,594 | ||||||||
FINLAND — 0.4% | ||||||||
Fortum Oyj | 128 | 2,584 | ||||||
Metso Oyj | 76 | 3,239 | ||||||
Nokia Oyj | 793 | 2,570 | ||||||
Sampo Oyj (Class A) | 90 | 3,467 | ||||||
UPM-Kymmene Oyj | 292 | 3,264 | ||||||
Wartsila Oyj | 87 | 3,916 | ||||||
19,040 | ||||||||
FRANCE — 3.0% | ||||||||
Accor SA | 154 | 5,359 | ||||||
Alstom SA | 119 | 4,852 | ||||||
AXA SA | 309 | 5,321 | ||||||
BNP Paribas | 167 | 8,586 | ||||||
Bouygues SA | 93 | 2,527 | ||||||
Cap Gemini SA | 116 | 5,288 | ||||||
Carrefour SA | 181 | 4,963 | ||||||
Credit Agricole SA (a) | 326 | 2,690 | ||||||
Danone | 88 | 6,134 | ||||||
Essilor International SA | 59 | 6,572 | ||||||
France Telecom SA | 449 | 4,549 | ||||||
GDF Suez | 164 | 3,163 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 32 | 5,502 | ||||||
Pernod — Ricard SA | 43 | 5,368 | ||||||
PPR | 20 | 4,402 | ||||||
Publicis Groupe SA | 74 | 4,971 | ||||||
Renault SA | 109 | 6,841 | ||||||
Sanofi | 144 | 14,658 | ||||||
Schneider Electric SA | 104 | 7,612 | ||||||
Societe Generale (a) | 130 | 4,278 | ||||||
Sodexo | 92 | 8,589 | ||||||
Technip SA | 48 | 4,930 | ||||||
Total SA | 223 | 10,697 | ||||||
Unibail-Rodamco SE | 35 | 8,166 | ||||||
Vallourec SA | 39 | 1,878 | ||||||
Veolia Environnement SA | 271 | 3,423 | ||||||
Vinci SA | 131 | 5,912 | ||||||
Vivendi SA | 338 | 6,994 | ||||||
164,225 | ||||||||
GERMANY — 2.7% | ||||||||
Adidas AG | 79 | 8,211 | ||||||
Allianz SE | 74 | 10,068 | ||||||
BASF SE | 120 | 10,528 | ||||||
Bayer AG | 141 | 14,570 | ||||||
Commerzbank AG (a) | 943 | 1,387 | ||||||
Daimler AG | 165 | 8,993 | ||||||
Deutsche Bank AG | 160 | 6,249 | ||||||
Deutsche Boerse AG | 57 | 3,458 | ||||||
Deutsche Lufthansa AG | 342 | 6,691 | ||||||
Deutsche Post AG | 284 | 6,555 | ||||||
Deutsche Telekom AG | 468 | 4,956 | ||||||
E.ON AG | 293 | 5,124 | ||||||
Fresenius Medical Care AG & Co. KGaA | 32 | 2,163 | ||||||
Linde AG | 20 | 3,725 | ||||||
MAN SE | 27 | 2,908 | ||||||
Merck KGaA | 50 | 7,557 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 43 | 8,056 | ||||||
RWE AG | 98 | 3,659 | ||||||
Salzgitter AG | 104 | 4,182 | ||||||
SAP AG | 146 | 11,717 | ||||||
Siemens AG | 68 | 7,337 | ||||||
ThyssenKrupp AG (a) | 183 | 3,728 | ||||||
Volkswagen AG | 35 | 6,595 | ||||||
148,417 | ||||||||
HONG KONG — 2.3% | ||||||||
AIA Group, Ltd. | 1,400 | 6,132 | ||||||
Bank of East Asia, Ltd. | 1,032 | 4,068 | ||||||
Cheung Kong Holdings, Ltd. | 1,000 | 14,763 | ||||||
China Mobile, Ltd. | 500 | 5,295 | ||||||
China Overseas Land & Investment, Ltd. | 2,000 | 5,514 | ||||||
China Resources Enterprise, Ltd. | 2,000 | 5,926 | ||||||
China Unicom (Hong Kong), Ltd. | 2,000 | 2,679 | ||||||
Citic Pacific, Ltd. | 2,000 | 2,597 | ||||||
CNOOC, Ltd. | 3,000 | 5,766 | ||||||
COSCO Pacific, Ltd. | 2,037 | 2,939 | ||||||
Hang Lung Properties, Ltd. | 1,000 | 3,736 | ||||||
Henderson Land Development Co., Ltd. | 1,023 | 6,998 | ||||||
Hong Kong Exchanges and Clearing, Ltd. | 310 | 5,279 |
See accompanying notes to financial statements.
178
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Hutchison Whampoa, Ltd. | 1,000 | $ | 10,422 | |||||
Li & Fung, Ltd. | 2,000 | 2,757 | ||||||
New World Development Co., Ltd. | 3,104 | 5,254 | ||||||
Sands China, Ltd. | 800 | 4,148 | ||||||
Shangri-La Asia, Ltd. | 2,000 | 3,916 | ||||||
Sun Hung Kai Properties, Ltd. | 1,029 | 13,866 | ||||||
Swire Pacific, Ltd. | 500 | 6,373 | ||||||
The Link REIT | 1,038 | 5,656 | ||||||
124,084 | ||||||||
HUNGARY — 0.1% | ||||||||
MOL Hungarian Oil and Gas NyRt | 22 | 1,549 | ||||||
Richter Gedeon NyRt | 18 | 2,522 | ||||||
4,071 | ||||||||
INDIA — 0.6% | ||||||||
Dr. Reddy’s Laboratories, Ltd. ADR | 206 | 6,664 | ||||||
HDFC Bank, Ltd. ADR | 156 | 5,838 | ||||||
ICICI Bank, Ltd. ADR | 128 | 5,491 | ||||||
Infosys Technologies, Ltd. ADR | 90 | 4,852 | ||||||
Mahindra & Mahindra, Ltd. GDR | 235 | 3,746 | ||||||
Reliance Industries, Ltd. GDR (d) | 159 | 4,528 | ||||||
Tata Motors, Ltd. ADR | 174 | 4,247 | ||||||
35,366 | ||||||||
INDONESIA — 0.6% | ||||||||
Astra Agro Lestari Tbk PT | 1,500 | 2,856 | ||||||
Astra International Tbk PT | 5,000 | 4,065 | ||||||
Bank Central Asia Tbk PT | 4,500 | 5,279 | ||||||
Bank Mandiri Tbk PT | 4,500 | 4,631 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 5,000 | 4,502 | ||||||
Gudang Garam Tbk PT | 500 | 2,518 | ||||||
Telekomunikasi Indonesia Tbk PT | 6,500 | 7,358 | ||||||
31,209 | ||||||||
IRELAND — 0.8% | ||||||||
Accenture PLC (Class A) | 100 | 7,597 | ||||||
Covidien PLC | 200 | 13,568 | ||||||
CRH PLC | 151 | 3,339 | ||||||
Eaton Corp. PLC | 200 | 12,250 | ||||||
Elan Corp. PLC (a) | 224 | 2,580 | ||||||
Prothena Corp. PLC (a) | 5 | 33 | ||||||
Seagate Technology PLC | 100 | 3,656 | ||||||
43,023 | ||||||||
ISRAEL — 0.2% | ||||||||
Bank Hapoalim BM (a) | 669 | 3,034 | ||||||
Bank Leumi Le-Israel BM (a) | 876 | 3,090 | ||||||
Teva Pharmaceutical Industries, Ltd. ADR | 115 | 4,563 | ||||||
10,687 | ||||||||
ITALY — 0.6% | ||||||||
Assicurazioni Generali SpA | 278 | 4,334 | ||||||
Enel SpA | 1,222 | 3,995 | ||||||
ENI SpA | 260 | 5,853 | ||||||
Fiat Industrial SpA | 281 | 3,165 | ||||||
Intesa Sanpaolo SpA | 2,205 | 3,233 | ||||||
Mediaset SpA | 1,084 | 2,217 | ||||||
Saipem SpA | 55 | 1,694 | ||||||
Telecom Italia SpA | 5,152 | 3,645 | ||||||
UniCredit SpA (a) | 735 | 3,143 | ||||||
31,279 | ||||||||
JAPAN — 8.0% | ||||||||
Aisin Seiki Co., Ltd. | 100 | 3,669 | ||||||
Asahi Breweries, Ltd. | 100 | 2,392 | ||||||
Asahi Kasei Corp. | 1,000 | 6,680 | ||||||
Astellas Pharma, Inc. | 100 | 5,382 | ||||||
Bridgestone Corp. | 100 | 3,372 | ||||||
Canon, Inc. | 100 | 3,616 | ||||||
Chuo Mitsui Trust Holdings, Inc. | 1,000 | 4,712 | ||||||
Credit Saison Co., Ltd. | 200 | 4,986 | ||||||
Daiichi Sankyo Co., Ltd. | 300 | 5,791 | ||||||
Daikin Industries, Ltd. | 100 | 3,925 | ||||||
Daiwa Securities Group, Inc. | 1,000 | 6,977 | ||||||
Denso Corp. | 200 | 8,477 | ||||||
Eisai Co., Ltd. | 100 | 4,467 | ||||||
FUJIFILM Holdings Corp. | 200 | 3,906 | ||||||
Hitachi, Ltd. | 1,000 | 5,775 | ||||||
Hokuhoku Financial Group, Inc. | 2,000 | 4,042 | ||||||
Honda Motor Co., Ltd. | 200 | 7,562 | ||||||
Hoya Corp. | 200 | 3,727 | ||||||
ITOCHU Corp. | 300 | 3,609 | ||||||
Japan Tobacco, Inc. | 200 | 6,382 | ||||||
JFE Holdings, Inc. | 200 | 3,759 | ||||||
JSR Corp. | 200 | 4,067 | ||||||
JX Holdings, Inc. | 500 | 2,771 | ||||||
Kajima Corp. | 1,000 | 2,723 | ||||||
Kamigumi Co., Ltd. | 1,000 | 9,307 | ||||||
KDDI Corp. | 200 | 8,232 | ||||||
Kobe Steel, Ltd. (a) | 3,000 | 3,478 | ||||||
Komatsu, Ltd. | 200 | 4,784 | ||||||
Konica Minolta Holdings, Inc. | 500 | 3,659 | ||||||
Kyocera Corp. | 100 | 9,370 | ||||||
Makita Corp. | 100 | 4,547 | ||||||
Marubeni Corp. | 1,000 | 7,477 | ||||||
Marui Group Co., Ltd. | 900 | 9,333 | ||||||
Mitsubishi Chemical Holdings Corp. | 500 | 2,313 | ||||||
Mitsubishi Corp. | 200 | 3,708 | ||||||
Mitsubishi Electric Corp. | 1,000 | 8,052 | ||||||
Mitsubishi Heavy Industries, Ltd. | 1,000 | 5,690 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 1,700 | 10,089 | ||||||
Mitsui & Co., Ltd. | 200 | 2,793 | ||||||
Mizuho Financial Group, Inc. | 3,600 | 7,620 | ||||||
MS&AD Insurance Group Holdings, Inc. | 200 | 4,395 | ||||||
Murata Manufacturing Co., Ltd. | 100 | 7,456 | ||||||
NEC Corp. (c) | 2,000 | 5,212 | ||||||
Nippon Steel Corp. (c) | 3,000 | 7,498 | ||||||
Nippon Yusen K.K. | 2,000 | 5,169 | ||||||
Nissan Motor Co., Ltd. | 400 | 3,850 | ||||||
Nitto Denko Corp. | 100 | 5,924 | ||||||
NKSJ Holdings, Inc. | 200 | 4,178 | ||||||
Nomura Holdings, Inc. | 900 | 5,523 | ||||||
NTT Data Corp. | 1 | 3,334 | ||||||
Obayashi Corp. | 1,000 | 4,786 | ||||||
ORIX Corp. (a) | 400 | 5,067 | ||||||
Osaka Gas Co., Ltd. | 1,000 | 4,403 | ||||||
Panasonic Corp. (a) | 600 | 4,174 | ||||||
Resona Holdings, Inc. | 600 | 3,114 | ||||||
Rohm Co., Ltd. | 100 | 3,669 |
See accompanying notes to financial statements.
179
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Secom Co., Ltd. | 100 | $ | 5,159 | |||||
Seven & I Holdings Co., Ltd. | 100 | 3,313 | ||||||
Shin-Etsu Chemical Co., Ltd. | 100 | 6,648 | ||||||
Softbank Corp. | 200 | 9,232 | ||||||
Sony Corp. | 300 | 5,239 | ||||||
Sumitomo Chemical Co., Ltd. | 1,000 | 3,116 | ||||||
Sumitomo Corp. | 200 | 2,506 | ||||||
Sumitomo Electric Industries, Ltd. | 300 | 3,705 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 200 | 8,030 | ||||||
T&D Holdings, Inc. | 400 | 4,833 | ||||||
Takeda Pharmaceutical Co., Ltd. | 100 | 5,350 | ||||||
TDK Corp. | 100 | 3,478 | ||||||
Teijin, Ltd. | 1,000 | 2,319 | ||||||
Terumo Corp. | 100 | 4,308 | ||||||
The Joyo Bank, Ltd. | 1,000 | 5,605 | ||||||
The Kansai Electric Power Co., Inc. (a)(c) | 200 | 1,974 | ||||||
Tokio Marine Holdings, Inc. | 200 | 5,637 | ||||||
Tokyo Electron, Ltd. | 100 | 4,430 | ||||||
Tokyu Corp. | 1,000 | 7,541 | ||||||
Toppan Printing Co., Ltd. | 1,000 | 7,190 | ||||||
Toshiba Corp. | 1,000 | 5,020 | ||||||
Toyota Motor Corp. | 400 | 20,677 | ||||||
Toyota Tsusho Corp. | 300 | 7,782 | ||||||
West Japan Railway Co. | 100 | 4,802 | ||||||
Yamada Denki Co., Ltd. | 40 | 1,827 | ||||||
Yamaha Corp. | 600 | 5,960 | ||||||
436,654 | ||||||||
LUXEMBOURG — 0.0% (e) | ||||||||
ArcelorMittal | 195 | 2,516 | ||||||
MEXICO — 0.8% | ||||||||
America Movil SAB de CV | 7,481 | 7,936 | ||||||
Cemex SAB de CV (a) | 3,151 | 3,838 | ||||||
Fomento Economico Mexicano SAB de CV | 769 | 8,661 | ||||||
Grupo Financiero Banorte SAB de CV | 740 | 5,918 | ||||||
Grupo Mexico SAB de CV | 1,231 | 4,977 | ||||||
Grupo Modelo SAB de CV | 753 | 6,832 | ||||||
Grupo Televisa SA de CV (Series CPO) | 654 | 3,475 | ||||||
Industrias Penoles SA de CV | 50 | 2,376 | ||||||
44,013 | ||||||||
NETHERLANDS — 1.4% | ||||||||
Akzo Nobel NV | 74 | 4,705 | ||||||
ASML Holding NV | 70 | 4,716 | ||||||
DE Master Blenders 1753 NV (a) | 300 | 4,642 | ||||||
European Aeronautic Defence and Space Co. NV | 66 | 3,365 | ||||||
Heineken NV | 52 | 3,926 | ||||||
ING Groep NV (a) | 675 | 4,799 | ||||||
Koninklijke (Royal) KPN NV | 449 | 1,513 | ||||||
Koninklijke Ahold NV | 345 | 5,296 | ||||||
Koninklijke DSM NV | 87 | 5,073 | ||||||
Koninklijke Philips Electronics NV | 266 | 7,885 | ||||||
LyondellBasell Industries NV | 100 | 6,329 | ||||||
Reed Elsevier NV | 344 | 5,904 | ||||||
Royal Dutch Shell PLC (Class A) | 18 | 582 | ||||||
Unilever NV | 197 | 8,084 | ||||||
Wolters Kluwer NV | 434 | 9,494 | ||||||
76,313 | ||||||||
NETHERLANDS ANTILLES — 0.3% | ||||||||
Schlumberger, Ltd. | 200 | 14,978 | ||||||
NORWAY — 0.4% | ||||||||
DnB NOR ASA | 363 | 5,330 | ||||||
Norsk Hydro ASA | 1,114 | 4,821 | ||||||
Telenor ASA | 297 | 6,503 | ||||||
Yara International ASA | 62 | 2,813 | ||||||
19,467 | ||||||||
PERU — 0.0% (e) | ||||||||
Compania de Minas Buenaventura SA ADR | 30 | 779 | ||||||
PHILIPPINES — 0.1% | ||||||||
Philippine Long Distance Telephone Co. ADR | 72 | 5,108 | ||||||
PORTUGAL — 0.1% | ||||||||
Portugal Telecom SGPS SA | 848 | 4,208 | ||||||
RUSSIA — 0.7% | ||||||||
Federal Hydrogenerating Co. JSC ADR | 824 | 1,586 | ||||||
Gazprom OAO ADR | 781 | 6,682 | ||||||
Lukoil OAO ADR | 96 | 6,218 | ||||||
MMC Norilsk Nickel OJSC ADR | 117 | 1,980 | ||||||
Mobile TeleSystems ADR | 182 | 3,780 | ||||||
Sberbank of Russia ADR | 412 | 5,263 | ||||||
Surgutneftegas OJSC ADR Preference Shares | 840 | 5,840 | ||||||
Tatneft ADR | 97 | 3,880 | ||||||
Uralkali OJSC GDR | 68 | 2,515 | ||||||
37,744 | ||||||||
SINGAPORE — 0.6% | ||||||||
CapitaLand, Ltd. | 3,000 | 8,536 | ||||||
Singapore Exchange, Ltd. | 2,000 | 12,414 | ||||||
Singapore Press Holdings, Ltd. | 2,000 | 7,222 | ||||||
Singapore Telecommunications, Ltd. | 1,000 | 2,894 | ||||||
31,066 | ||||||||
SOUTH AFRICA — 0.8% | ||||||||
AngloGold Ashanti, Ltd. | 85 | 1,993 | ||||||
Discovery Holdings, Ltd. | 1,162 | 9,909 | ||||||
FirstRand, Ltd. | 1,067 | 3,745 | ||||||
Gold Fields, Ltd. | 206 | 1,578 | ||||||
Harmony Gold Mining Co., Ltd. | 228 | 1,469 | ||||||
Impala Platinum Holdings, Ltd. | 154 | 2,276 | ||||||
MTN Group, Ltd. | 395 | 6,952 | ||||||
Naspers, Ltd. | 63 | 3,934 | ||||||
Sanlam, Ltd. | 988 | 5,081 | ||||||
Sasol, Ltd. | 76 | 3,374 | ||||||
Sibanye Gold, Ltd. (a) | 206 | 301 | ||||||
Standard Bank Group, Ltd. | 255 | 3,291 | ||||||
43,903 | ||||||||
SOUTH KOREA — 1.9% | ||||||||
E-Mart Co., Ltd. | 8 | 1,582 | ||||||
Hana Financial Group, Inc. | 80 | 2,844 | ||||||
Honam Petrochemical Corp. | 6 | 1,068 | ||||||
Hyundai Heavy Industries Co., Ltd. | 12 | 2,276 | ||||||
Hyundai Hysco Co., Ltd. | 100 | 3,002 | ||||||
Hyundai Mobis | 13 | 3,593 | ||||||
Hyundai Motor Co. | 29 | 5,838 | ||||||
KB Financial Group, Inc. | 110 | 3,707 |
See accompanying notes to financial statements.
180
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Kia Motors Corp. | 65 | $ | 3,248 | |||||
Korea Electric Power Corp. ADR (a) | 156 | 2,110 | ||||||
KT&G Corp. | 41 | 2,823 | ||||||
LG Chem, Ltd. Preference Shares | 63 | 5,068 | ||||||
LG Electronics, Inc. | 34 | 2,478 | ||||||
LG Household & Health Care, Ltd. | 6 | 3,322 | ||||||
NHN Corp. | 16 | 3,983 | ||||||
POSCO ADR | 57 | 4,189 | ||||||
Samsung C&T Corp. | 68 | 4,187 | ||||||
Samsung Electronics Co., Ltd. GDR | 36 | 24,464 | ||||||
Samsung Engineering Co., Ltd. | 17 | 1,994 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. (a) | 14 | 2,743 | ||||||
Samsung Heavy Industries Co., Ltd. | 110 | 3,441 | ||||||
Samsung Securities Co., Ltd. (a) | 67 | 3,264 | ||||||
Shinhan Financial Group Co., Ltd. | 110 | 3,994 | ||||||
SK Holdings Co., Ltd. | 23 | 3,525 | ||||||
SK Hynix, Inc. (a) | 130 | 3,359 | ||||||
SK Innovation Co., Ltd. | 20 | 2,912 | ||||||
105,014 | ||||||||
SPAIN — 0.6% | ||||||||
Acciona SA | 56 | 3,058 | ||||||
Acerinox SA | 262 | 2,692 | ||||||
ACS, Actividades de Construccion y Servicios SA | 197 | 4,605 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 777 | 6,748 | ||||||
Banco Santander SA | 1,389 | 9,350 | ||||||
Repsol YPF SA | 121 | 2,463 | ||||||
Telefonica SA | 320 | 4,310 | ||||||
33,226 | ||||||||
SWEDEN — 1.2% | ||||||||
Assa Abloy AB (Class B) | 110 | 4,502 | ||||||
Atlas Copco AB (Class B) | 307 | 7,772 | ||||||
Nordea Bank AB | 532 | 6,038 | ||||||
Sandvik AB | 286 | 4,407 | ||||||
Securitas AB (Class B) | 444 | 4,189 | ||||||
Skandinaviska Enskilda Banken AB (Class A) | 671 | 6,754 | ||||||
Skanska AB (Class B) | 291 | 5,272 | ||||||
SKF AB (Class B) | 207 | 5,059 | ||||||
Svenska Handelsbanken AB (Class A) (c) | 91 | 3,898 | ||||||
Tele2 AB (Class B) | 183 | 3,192 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 543 | 6,781 | ||||||
TeliaSonera AB | 468 | 3,349 | ||||||
Volvo AB (Class A) | 448 | 6,529 | ||||||
67,742 | ||||||||
SWITZERLAND — 3.5% | ||||||||
ABB, Ltd. (a) | 404 | 9,134 | ||||||
ACE, Ltd. | 100 | 8,897 | ||||||
Adecco SA (a) | 78 | 4,283 | ||||||
Compagnie Financiere Richemont SA | 110 | 8,654 | ||||||
Credit Suisse Group AG (a) | 237 | 6,235 | ||||||
Geberit AG | 32 | 7,897 | ||||||
Givaudan SA (a) | 4 | 4,925 | ||||||
Holcim, Ltd. (a) | 71 | 5,672 | ||||||
Kuehne & Nagel International AG | 38 | 4,153 | ||||||
Nestle SA | 280 | 20,299 | ||||||
Noble Corp. | 200 | 7,630 | ||||||
Novartis AG | 264 | 18,805 | ||||||
Pentair, Ltd. | 23 | 1,213 | ||||||
Roche Holding AG | 98 | 22,871 | ||||||
SGS SA | 4 | 9,834 | ||||||
Swiss Re AG | 95 | 7,745 | ||||||
Syngenta AG | 10 | 4,182 | ||||||
TE Connectivity, Ltd. | 200 | 8,386 | ||||||
The Swatch Group AG | 12 | 6,995 | ||||||
Transocean, Ltd. (a) | 71 | 3,691 | ||||||
UBS AG (a) | 611 | 9,388 | ||||||
Wolseley PLC | 88 | 4,374 | ||||||
Zurich Insurance Group AG (a) | 19 | 5,301 | ||||||
190,564 | ||||||||
TAIWAN — 1.1% | ||||||||
Advanced Semiconductor Engineering Inc, ADR | 1,153 | 4,798 | ||||||
AU Optronics Corp. ADR (a) | 992 | 4,331 | ||||||
Chunghwa Telecom Co., Ltd. ADR | 263 | 8,233 | ||||||
Hon Hai Precision Industry Co., Ltd. GDR | 1,456 | 8,176 | ||||||
Siliconware Precision Industries Co. ADR (c) | 1,651 | 9,609 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 1,096 | 18,934 | ||||||
United Microelectronics Corp. ADR | 2,579 | 4,684 | ||||||
58,765 | ||||||||
THAILAND — 0.2% | ||||||||
Bangkok Bank PCL | 1,100 | 8,714 | ||||||
PTT PCL | 200 | 2,227 | ||||||
10,941 | ||||||||
TURKEY — 0.4% | ||||||||
Akbank TAS | 730 | 3,816 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS | 4,000 | 6,455 | ||||||
Turkiye Garanti Bankasi AS | 845 | 4,511 | ||||||
Turkiye Is Bankasi (Class C) | 1,939 | 7,458 | ||||||
22,240 | ||||||||
UNITED KINGDOM — 7.7% | ||||||||
3i Group PLC | 1,772 | 8,503 | ||||||
Anglo American PLC | 224 | 5,755 | ||||||
AstraZeneca PLC | 177 | 8,868 | ||||||
BAE Systems PLC | 891 | 5,335 | ||||||
Barclays PLC | 2,108 | 9,319 | ||||||
BG Group PLC | 446 | 7,646 | ||||||
BHP Billiton PLC | 304 | 8,840 | ||||||
BP PLC | 2,520 | 17,598 | ||||||
British American Tobacco PLC | 51 | 2,731 | ||||||
British Land Co. PLC | 629 | 5,191 | ||||||
British Sky Broadcasting Group PLC | 201 | 2,695 | ||||||
BT Group PLC | 2,078 | 8,772 | ||||||
Burberry Group PLC | 158 | 3,189 | ||||||
Capita Group PLC | 537 | 7,331 | ||||||
Cobham PLC | 2,646 | 9,763 | ||||||
Compass Group PLC | 479 | 6,113 | ||||||
Diageo PLC | 273 | 8,602 | ||||||
Experian PLC | 371 | 6,422 | ||||||
G4S PLC | 623 | 2,757 |
See accompanying notes to financial statements.
181
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
GlaxoSmithKline PLC | 625 | $ | 14,601 | |||||
Hammerson PLC | 1,017 | 7,596 | ||||||
HSBC Holdings PLC | 2,224 | 23,724 | ||||||
Imperial Tobacco Group PLC | 100 | 3,491 | ||||||
Intercontinental Hotels Group PLC | 273 | 8,320 | ||||||
J Sainsbury PLC | 736 | 4,230 | ||||||
Land Securities Group PLC | 441 | 5,551 | ||||||
Lloyds Banking Group PLC (a) | 8,654 | 6,398 | ||||||
Marks & Spencer Group PLC | 1,017 | 6,023 | ||||||
National Grid PLC | 197 | 2,288 | ||||||
Next PLC | 72 | 4,773 | ||||||
Old Mutual PLC | 1,498 | 4,611 | ||||||
Pearson PLC | 120 | 2,157 | ||||||
Prudential PLC | 485 | 7,843 | ||||||
Randgold Resources, Ltd. | 29 | 2,501 | ||||||
Reckitt Benckiser Group PLC | 80 | 5,731 | ||||||
Reed Elsevier PLC | 312 | 3,700 | ||||||
Rio Tinto PLC | 216 | 10,118 | ||||||
Rolls-Royce Holdings PLC (a) | 316 | 5,422 | ||||||
Royal Dutch Shell PLC (Class B) | 760 | 25,215 | ||||||
RSA Insurance Group PLC | 3,346 | 5,914 | ||||||
SABMiller PLC | 131 | 6,891 | ||||||
Scottish & Southern Energy PLC | 160 | 3,605 | ||||||
Severn Trent PLC | 250 | 6,499 | ||||||
Smith & Nephew PLC | 453 | 5,228 | ||||||
Smiths Group PLC | 349 | 6,661 | ||||||
Standard Chartered PLC | 353 | 9,131 | ||||||
Standard Life PLC | 2,096 | 11,626 | ||||||
Tesco PLC | 1,181 | 6,842 | ||||||
The Sage Group PLC | 1,788 | 9,304 | ||||||
Tullow Oil PLC | 178 | 3,327 | ||||||
Unilever PLC | 153 | 6,468 | ||||||
United Utilities Group PLC | 445 | 4,788 | ||||||
Vodafone Group PLC | 6,679 | 18,925 | ||||||
Whitbread PLC | 326 | 12,712 | ||||||
WPP PLC | 344 | 5,480 | ||||||
Xstrata PLC | 355 | 5,757 | ||||||
418,881 | ||||||||
UNITED STATES — 46.2% | ||||||||
3M Co. | 100 | 10,631 | ||||||
Abbott Laboratories | 200 | 7,064 | ||||||
AbbVie, Inc. | 200 | 8,156 | ||||||
Adobe Systems, Inc. (a) | 300 | 13,053 | ||||||
Aetna, Inc. | 200 | 10,224 | ||||||
Aflac, Inc. | 200 | 10,404 | ||||||
Agilent Technologies, Inc. | 200 | 8,394 | ||||||
Alexion Pharmaceuticals, Inc. (a) | 100 | 9,214 | ||||||
Allergan, Inc. (c) | 100 | 11,163 | ||||||
Altera Corp. | 100 | 3,547 | ||||||
Altria Group, Inc. | 200 | 6,878 | ||||||
Amazon.com, Inc. (a) | 100 | 26,649 | ||||||
American Capital Agency Corp. (c) | 100 | 3,278 | ||||||
American Electric Power Co., Inc. (c) | 200 | 9,726 | ||||||
American Express Co. (c) | 200 | 13,492 | ||||||
American Tower Corp. (c) | 100 | 7,692 | ||||||
Amgen, Inc. | 200 | 20,502 | ||||||
Anadarko Petroleum Corp. | 100 | 8,745 | ||||||
Annaly Capital Management, Inc. (c) | 200 | 3,178 | ||||||
Apache Corp. | 100 | 7,716 | ||||||
Apple, Inc. | 100 | 44,263 | ||||||
Applied Materials, Inc. | 699 | 9,423 | ||||||
Archer-Daniels-Midland Co. | 300 | 10,119 | ||||||
AT&T, Inc. (c) | 699 | 25,646 | ||||||
Automatic Data Processing, Inc. (c) | 100 | 6,502 | ||||||
Baker Hughes, Inc. | 200 | 9,282 | ||||||
Bank of America Corp. | 1,699 | 20,694 | ||||||
Baxter International, Inc. (c) | 200 | 14,528 | ||||||
Becton, Dickinson and Co. | 100 | 9,561 | ||||||
Bed Bath & Beyond, Inc. (a) | 100 | 6,442 | ||||||
Berkshire Hathaway, Inc. (Class B) (a) | 100 | 10,420 | ||||||
Biogen Idec, Inc. (a) | 100 | 19,291 | ||||||
Bristol-Myers Squibb Co. (c) | 300 | 12,357 | ||||||
Broadcom Corp. (Class A) | 200 | 6,934 | ||||||
C.H. Robinson Worldwide, Inc. (c) | 100 | 5,946 | ||||||
Cameron International Corp. (a) | 200 | 13,040 | ||||||
Capital One Financial Corp. | 100 | 5,495 | ||||||
Carnival Corp. | 100 | 3,430 | ||||||
Caterpillar, Inc. | 100 | 8,697 | ||||||
CBS Corp. | 200 | 9,338 | ||||||
Celgene Corp. (a) | 100 | 11,591 | ||||||
CenturyLink, Inc. | 200 | 7,026 | ||||||
CH Energy Group, Inc. | 200 | 13,078 | ||||||
Chesapeake Energy Corp. | 300 | 6,123 | ||||||
Chevron Corp. | 300 | 35,646 | ||||||
Church & Dwight Co., Inc. | 200 | 12,926 | ||||||
Cisco Systems, Inc. | 999 | 20,889 | ||||||
Citigroup, Inc. | 500 | 22,120 | ||||||
Citrix Systems, Inc. (a) | 100 | 7,216 | ||||||
Coach, Inc. | 100 | 4,999 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 100 | 7,661 | ||||||
Colgate-Palmolive Co. | 100 | 11,803 | ||||||
Comcast Corp. (Class A) Special | 500 | 19,810 | ||||||
ConAgra Foods, Inc. | 200 | 7,162 | ||||||
ConocoPhillips | 200 | 12,020 | ||||||
Corning, Inc. | 400 | 5,332 | ||||||
Costco Wholesale Corp. | 100 | 10,611 | ||||||
CSX Corp. | 400 | 9,852 | ||||||
Cummins, Inc. | 100 | 11,581 | ||||||
CVS Caremark Corp. (c) | 200 | 10,998 | ||||||
Danaher Corp. (c) | 200 | 12,430 | ||||||
Deere & Co. (c) | 100 | 8,598 | ||||||
Dell, Inc. | 400 | 5,732 | ||||||
Devon Energy Corp. (c) | 100 | 5,642 | ||||||
DIRECTV (Class A) (a)(c) | 100 | 5,661 | ||||||
Discover Financial Services | 200 | 8,968 | ||||||
Dollar Tree, Inc. (a)(c) | 200 | 9,686 | ||||||
Duke Energy Corp. (c) | 153 | 11,106 | ||||||
E. I. du Pont de Nemours & Co. | 200 | 9,832 | ||||||
eBay, Inc. (a)(c) | 300 | 16,266 | ||||||
Ecolab, Inc. (c) | 100 | 8,018 | ||||||
Edison International (c) | 200 | 10,064 | ||||||
Eli Lilly & Co. | 200 | 11,358 | ||||||
EMC Corp. (a) | 400 | 9,556 | ||||||
Emerson Electric Co. | 200 | 11,174 | ||||||
EOG Resources, Inc. | 100 | 12,807 | ||||||
Equity Residential (c) | 100 | 5,506 | ||||||
Exelon Corp. (c) | 200 | 6,896 |
See accompanying notes to financial statements.
182
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Express Scripts Holding Co. (a)(c) | 181 | $ | 10,435 | |||||
Exxon Mobil Corp. | 600 | 54,066 | ||||||
Fastenal Co. | 100 | 5,135 | ||||||
FedEx Corp. (c) | 100 | 9,820 | ||||||
FirstEnergy Corp. (c) | 200 | 8,440 | ||||||
FMC Technologies, Inc. (a) | 200 | 10,878 | ||||||
Ford Motor Co. | 799 | 10,507 | ||||||
Franklin Resources, Inc. (c) | 100 | 15,081 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 200 | 6,620 | ||||||
General Dynamics Corp. | 100 | 7,051 | ||||||
General Electric Co. | 1,499 | 34,657 | ||||||
General Mills, Inc. | 100 | 4,931 | ||||||
General Motors Co. (a) | 200 | 5,564 | ||||||
Gilead Sciences, Inc. (a) | 400 | 19,572 | ||||||
H.J. Heinz Co. | 100 | 7,227 | ||||||
Halliburton Co. | 200 | 8,082 | ||||||
HCP, Inc. | 300 | 14,958 | ||||||
Hess Corp. | 100 | 7,161 | ||||||
Hewlett-Packard Co. (c) | 400 | 9,536 | ||||||
Hillshire Brands Co. | 60 | 2,109 | ||||||
Honeywell International, Inc. (c) | 200 | 15,070 | ||||||
Illinois Tool Works, Inc. (c) | 200 | 12,188 | ||||||
Ingersoll-Rand PLC | 200 | 11,002 | ||||||
Intel Corp. | 799 | 17,458 | ||||||
International Business Machines Corp. | 200 | 42,660 | ||||||
Intuit, Inc. (c) | 100 | 6,565 | ||||||
Johnson & Johnson | 300 | 24,459 | ||||||
Johnson Controls, Inc. | 200 | 7,014 | ||||||
JPMorgan Chase & Co. | 600 | 28,476 | ||||||
Juniper Networks, Inc. (a) | 200 | 3,708 | ||||||
Kellogg Co. | 100 | 6,443 | ||||||
Kimberly-Clark Corp. (c) | 100 | 9,798 | ||||||
Kinder Morgan Management, LLC (a) | 104 | 9,136 | ||||||
Kinder Morgan, Inc. | 42 | 1,625 | ||||||
Kohl’s Corp. (c) | 100 | 4,613 | ||||||
Kraft Foods Group, Inc. | 33 | 1,700 | ||||||
L Brands, Inc. | 200 | 8,932 | ||||||
Las Vegas Sands Corp. | 100 | 5,635 | ||||||
Liberty Global, Inc. (Series A) (a) | 100 | 7,340 | ||||||
Liberty Interactive Corp. (Class A) (a)(c) | 200 | 4,276 | ||||||
Liberty Ventures, (Series A) (a) | 14 | 1,058 | ||||||
Lockheed Martin Corp. (c) | 100 | 9,652 | ||||||
Lowe’s Cos., Inc. | 300 | 11,376 | ||||||
Macy’s, Inc. | 200 | 8,368 | ||||||
Marathon Oil Corp. | 300 | 10,116 | ||||||
Marathon Petroleum Corp. | 100 | 8,960 | ||||||
Marsh & McLennan Cos., Inc. | 200 | 7,594 | ||||||
Mattel, Inc. | 400 | 17,516 | ||||||
McCormick & Co., Inc. (c) | 300 | 22,065 | ||||||
McDonald’s Corp. (c) | 100 | 9,969 | ||||||
McKesson Corp. | 100 | 10,796 | ||||||
Mead Johnson Nutrition Co. | 100 | 7,745 | ||||||
Medtronic, Inc. (c) | 300 | 14,088 | ||||||
Merck & Co., Inc. | 400 | 17,692 | ||||||
MetLife, Inc. | 300 | 11,406 | ||||||
Microsoft Corp. | 1,099 | 31,442 | ||||||
Mondelez International, Inc. (Class A) (c) | 100 | 3,061 | ||||||
Monsanto Co. | 100 | 10,563 | ||||||
Morgan Stanley | 300 | 6,594 | ||||||
National Oilwell Varco, Inc. | 100 | 7,075 | ||||||
NetApp, Inc. (a) | 100 | 3,416 | ||||||
Newmont Mining Corp. (c) | 100 | 4,189 | ||||||
News Corp. (Class A) | 500 | 15,260 | ||||||
NextEra Energy, Inc. (c) | 100 | 7,768 | ||||||
NIKE, Inc. (Class B) (c) | 200 | 11,802 | ||||||
Noble Energy, Inc. | 100 | 11,566 | ||||||
Norfolk Southern Corp. | 100 | 7,708 | ||||||
Northrop Grumman Corp. | 200 | 14,030 | ||||||
O’Reilly Automotive, Inc. (a) | 100 | 10,255 | ||||||
Occidental Petroleum Corp. | 200 | 15,674 | ||||||
Oracle Corp. | 699 | 22,606 | ||||||
Parker Hannifin Corp. | 100 | 9,158 | ||||||
PepsiCo, Inc. | 200 | 15,822 | ||||||
Pfizer, Inc. | 999 | 28,831 | ||||||
PG&E Corp. (c) | 100 | 4,453 | ||||||
Philip Morris International, Inc. (c) | 200 | 18,542 | ||||||
Phillips 66 | 100 | 6,997 | ||||||
Pioneer Natural Resources Co. (c) | 100 | 12,425 | ||||||
PNC Financial Services Group, Inc. | 100 | 6,650 | ||||||
PPL Corp. (c) | 300 | 9,393 | ||||||
Praxair, Inc. (c) | 100 | 11,154 | ||||||
ProLogis (c) | 300 | 11,994 | ||||||
Prudential Financial, Inc. | 200 | 11,798 | ||||||
Public Service Enterprise Group, Inc. (c) | 200 | 6,868 | ||||||
Public Storage (c) | 100 | 15,232 | ||||||
QUALCOMM, Inc. | 300 | 20,085 | ||||||
Range Resources Corp. | 100 | 8,104 | ||||||
Raytheon Co. | 100 | 5,879 | ||||||
Retail Opportunity Investments Corp. | 1,499 | 21,001 | ||||||
Rockville Financial, Inc. | 1,599 | 20,723 | ||||||
Ross Stores, Inc. | 100 | 6,062 | ||||||
Salesforce.com, Inc. (a)(c) | 100 | 17,883 | ||||||
SanDisk Corp. (a) | 100 | 5,500 | ||||||
Simon Property Group, Inc. (c) | 100 | 15,856 | ||||||
Southern Co. (c) | 100 | 4,692 | ||||||
Southwestern Energy Co. (a) | 100 | 3,726 | ||||||
Spectra Energy Corp. | 200 | 6,150 | ||||||
St. Jude Medical, Inc. (c) | 200 | 8,088 | ||||||
Starbucks Corp. | 200 | 11,392 | ||||||
State Street Corp. | 100 | 5,909 | ||||||
Sysco Corp. | 200 | 7,034 | ||||||
Target Corp. (c) | 100 | 6,845 | ||||||
Texas Instruments, Inc. (c) | 300 | 10,644 | ||||||
The ADT Corp. | 50 | 2,447 | ||||||
The Allstate Corp. | 200 | 9,814 | ||||||
The Bank of New York Mellon Corp. | 300 | 8,397 | ||||||
The Boeing Co. | 100 | 8,585 | ||||||
The Charles Schwab Corp. (c) | 500 | 8,845 | ||||||
The Chubb Corp. | 100 | 8,753 | ||||||
The Clorox Co. (c) | 100 | 8,853 | ||||||
The Coca-Cola Co. (c) | 400 | 16,176 | ||||||
The Dow Chemical Co. | 300 | 9,552 | ||||||
The Estee Lauder Cos., Inc. (Class A) | 100 | 6,403 | ||||||
The Goldman Sachs Group, Inc. | 100 | 14,715 | ||||||
The Hershey Co. | 100 | 8,753 | ||||||
The Home Depot, Inc. | 200 | 13,956 | ||||||
The J.M. Smucker Co. | 100 | 9,916 | ||||||
The Mosaic Co. | 100 | 5,961 |
See accompanying notes to financial statements.
183
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
The Procter & Gamble Co. | 200 | $ | 15,412 | |||||
The Travelers Cos., Inc. | 100 | 8,419 | ||||||
The Walt Disney Co. | 300 | 17,040 | ||||||
The Williams Cos., Inc. | 300 | 11,238 | ||||||
Thermo Fisher Scientific, Inc. | 200 | 15,298 | ||||||
Time Warner Cable, Inc. | 100 | 9,606 | ||||||
Time Warner, Inc. (c) | 200 | 11,524 | ||||||
TJX Cos., Inc. | 200 | 9,350 | ||||||
Tyco International, Ltd. | 100 | 3,200 | ||||||
Tyson Foods, Inc. (Class A) | 400 | 9,928 | ||||||
U.S. Bancorp | 300 | 10,179 | ||||||
Union Pacific Corp. | 100 | 14,241 | ||||||
United Parcel Service, Inc. (Class B) | 100 | 8,590 | ||||||
United Technologies Corp. | 100 | 9,343 | ||||||
UnitedHealth Group, Inc. | 200 | 11,442 | ||||||
Valero Energy Corp. | 200 | 9,098 | ||||||
Vector Group, Ltd. | 943 | 15,201 | ||||||
Verizon Communications, Inc. | 300 | 14,745 | ||||||
Viacom, Inc. (Class B) | 100 | 6,157 | ||||||
Visa, Inc. (Class A) (c) | 100 | 16,984 | ||||||
Wal-Mart Stores, Inc. (c) | 200 | 14,966 | ||||||
Walgreen Co. (c) | 200 | 9,536 | ||||||
Waste Management, Inc. | 200 | 7,842 | ||||||
Weatherford International, Ltd. (a) | 500 | 6,070 | ||||||
WellPoint, Inc. | 100 | 6,623 | ||||||
Wells Fargo & Co. | 799 | 29,555 | ||||||
Western Digital Corp. | 100 | 5,028 | ||||||
Whole Foods Market, Inc. | 100 | 8,675 | ||||||
Yahoo!, Inc. (a)(c) | 300 | 7,059 | ||||||
Yum! Brands, Inc. (c) | 100 | 7,195 | ||||||
2,525,756 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $4,938,478) | 5,376,851 | |||||||
SHORT TERM INVESTMENTS — 7.2% | ||||||||
UNITED STATES — 7.2% | ||||||||
MONEY MARKET FUNDS — 7.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (f)(g) | 357,826 | 357,826 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (g)(h) | 36,610 | 36,610 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $394,436) | 394,436 | |||||||
TOTAL INVESTMENTS — 105.6% | ||||||||
(Cost $5,332,914) | 5,771,287 | |||||||
OTHER ASSETS & LIABILITIES — (5.6)% | (304,922 | ) | ||||||
NET ASSETS — 100.0% | $ | 5,466,365 | ||||||
(a) | Non-income producing security. | |||||
(b) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(c) | A portion of the security was on loan at March 31, 2013. | |||||
(d) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.1% of net assets as of March 31, 2013, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(e) | Amount shown represents less than 0.05% of net assets. | |||||
(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. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
PCL = Public Company Limited
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
184
SPDR MSCI EM 50 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
BRAZIL — 14.0% | ||||||||
Banco Bradesco SA Preference Shares ADR | 3,573 | $ | 60,809 | |||||
BRF — Brasil Foods SA ADR | 1,117 | 24,697 | ||||||
Companhia de Bebidas das Americas Preference Shares ADR | 1,297 | 54,902 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 3,886 | 69,171 | ||||||
Petroleo Brasileiro SA ADR | 3,573 | 64,850 | ||||||
Vale SA Preference Shares ADR | 3,405 | 56,284 | ||||||
330,713 | ||||||||
CHINA — 20.0% | ||||||||
Agricultural Bank of China, Ltd. | 36,000 | 17,252 | ||||||
Bank of China, Ltd. | 128,196 | 59,452 | ||||||
China Construction Bank Corp. | 123,154 | 100,584 | ||||||
China Life Insurance Co., Ltd. | 12,584 | 32,584 | ||||||
China Petroleum & Chemical Corp. | 34,000 | 40,033 | ||||||
China Shenhua Energy Co., Ltd. | 5,644 | 20,503 | ||||||
Industrial & Commercial Bank of China | 111,454 | 78,106 | ||||||
PetroChina Co., Ltd. | 34,812 | 45,653 | ||||||
Ping An Insurance Group Co. of China, Ltd. | 3,000 | 23,265 | ||||||
Tencent Holdings, Ltd. | 1,700 | 54,048 | ||||||
471,480 | ||||||||
HONG KONG — 7.6% | ||||||||
China Mobile, Ltd. | 9,855 | 104,356 | ||||||
China Overseas Land & Investment, Ltd. | 6,000 | 16,541 | ||||||
CNOOC, Ltd. | 30,362 | 58,357 | ||||||
179,254 | ||||||||
INDIA — 3.0% | ||||||||
ICICI Bank, Ltd. ADR | 723 | 31,017 | ||||||
Infosys Technologies, Ltd. ADR | 731 | 39,408 | ||||||
70,425 | ||||||||
MEXICO — 5.6% | ||||||||
America Movil SAB de CV, ADR, Series L | 3,323 | 69,650 | ||||||
Fomento Economico Mexicano SAB de CV, ADR | 338 | 38,363 | ||||||
Grupo Televisa SA de CV ADR | 893 | 23,763 | ||||||
131,776 | ||||||||
RUSSIA — 9.6% | ||||||||
Gazprom OAO ADR | 9,037 | 77,771 | ||||||
Lukoil OAO ADR | 866 | 56,008 | ||||||
NovaTek OAO GDR | 158 | 17,024 | ||||||
Sberbank of Russia ADR (a) | 3,746 | 48,116 | ||||||
Sberbank of Russia ADR (a) | 826 | 10,552 | ||||||
Uralkali OJSC GDR | 458 | 16,940 | ||||||
226,411 | ||||||||
SOUTH AFRICA — 8.0% | ||||||||
AngloGold Ashanti, Ltd. | 663 | 15,544 | ||||||
Impala Platinum Holdings, Ltd. | 877 | 12,962 | ||||||
MTN Group, Ltd. | 2,878 | 50,656 | ||||||
Naspers, Ltd. | 662 | 41,335 | ||||||
Sasol, Ltd. | 928 | 41,202 | ||||||
Standard Bank Group, Ltd. | 2,049 | 26,441 | ||||||
188,140 | ||||||||
SOUTH KOREA — 20.6% | ||||||||
Hyundai Mobis | 116 | 32,060 | ||||||
Hyundai Motor Co. | 264 | 53,151 | ||||||
KB Financial Group, Inc. ADR (b) | 638 | 21,364 | ||||||
Kia Motors Corp. | 448 | 22,388 | ||||||
LG Chem, Ltd. | 79 | 19,029 | ||||||
POSCO ADR | 444 | 32,627 | ||||||
Samsung Electronics Co., Ltd. GDR | 374 | 254,158 | ||||||
Shinhan Financial Group Co., Ltd. ADR (b) | 740 | 26,933 | ||||||
SK Hynix, Inc. (b) | 890 | 22,998 | ||||||
484,708 | ||||||||
TAIWAN — 11.5% | ||||||||
China Steel Corp. | 19,085 | 16,626 | ||||||
Chunghwa Telecom Co., Ltd. ADR | 678 | 21,223 | ||||||
Formosa Plastics Corp. | 7,000 | 16,832 | ||||||
Hon Hai Precision Industry Co., Ltd. GDR | 8,613 | 48,366 | ||||||
MediaTek, Inc. | 2,000 | 22,874 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 8,397 | 145,066 | ||||||
270,987 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $2,437,307) | 2,353,894 | |||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
UNITED STATES — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Liquid Reserve Fund 0.13% (c)(d) (Cost $1,221) | 1,221 | 1,221 | ||||||
TOTAL INVESTMENTS — 100.0% | ||||||||
(Cost $2,438,528) | 2,355,115 | |||||||
OTHER ASSETS & LIABILITIES — 0.0% (e) | 148 | |||||||
NET ASSETS — 100.0% | $ | 2,355,263 | ||||||
(a) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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) | Amount shown represents less than 0.05% of net assets. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
See accompanying notes to financial statements.
185
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.1% | ||||||||
JAPAN — 99.1% | ||||||||
AIR FREIGHT & LOGISTICS — 0.3% | ||||||||
Yamato Holdings Co., Ltd. (a) | 2,380 | $ | 44,046 | |||||
AIRLINES — 0.4% | ||||||||
All Nippon Airways Co., Ltd. (a) | 10,000 | 20,421 | ||||||
Japan Airlines Co., Ltd. | 1,000 | 46,480 | ||||||
66,901 | ||||||||
AUTO COMPONENTS — 3.2% | ||||||||
Aisin Seiki Co., Ltd. | 1,168 | 42,859 | ||||||
Bridgestone Corp. | 3,803 | 128,223 | ||||||
Denso Corp. | 2,647 | 112,192 | ||||||
FCC Co., Ltd. (a) | 984 | 23,632 | ||||||
Futaba Industrial Co., Ltd. (b) | 408 | 1,849 | ||||||
Keihin Corp. | 556 | 7,711 | ||||||
NGK Spark Plug Co., Ltd. | 2,160 | 32,990 | ||||||
NHK Spring Co., Ltd. (a) | 340 | 3,548 | ||||||
Nifco, Inc. (a) | 1,028 | 24,361 | ||||||
Nissin Kogyo Co., Ltd. | 616 | 10,162 | ||||||
NOK Corp. (a) | 1,016 | 14,588 | ||||||
Showa Corp. (a) | 2,012 | 21,442 | ||||||
Stanley Electric Co., Ltd. | 644 | 11,350 | ||||||
Sumitomo Rubber Industries, Inc. | 1,808 | 30,826 | ||||||
Tokai Rika Co., Ltd. | 20 | 355 | ||||||
Toyo Tire & Rubber Co., Ltd. (a) | 3,851 | 17,203 | ||||||
Toyota Industries Corp. | 1,172 | 42,756 | ||||||
526,047 | ||||||||
AUTOMOBILES — 8.2% | ||||||||
Daihatsu Motor Co., Ltd. | 464 | 9,633 | ||||||
Fuji Heavy Industries, Ltd. | 4,347 | 67,549 | ||||||
Honda Motor Co., Ltd. | 9,574 | 362,004 | ||||||
Isuzu Motors, Ltd. | 9,651 | 56,970 | ||||||
Mazda Motor Corp. (a)(b) | 6,123 | 18,300 | ||||||
Mitsubishi Motors Corp. (a)(b) | 26,173 | 27,281 | ||||||
Nissan Motor Co., Ltd. (a) | 13,562 | 130,543 | ||||||
Suzuki Motor Corp. (a) | 2,192 | 49,216 | ||||||
Toyota Motor Corp. | 11,777 | 608,766 | ||||||
Yamaha Motor Co., Ltd. (a) | 1,216 | 16,684 | ||||||
1,346,946 | ||||||||
BEVERAGES — 1.3% | ||||||||
Asahi Breweries, Ltd. | 2,584 | 61,810 | ||||||
Ito En, Ltd. (a) | 1,556 | 37,088 | ||||||
Kirin Holdings Co., Ltd. | 6,207 | 99,753 | ||||||
Takara Holdings, Inc. (a) | 2,479 | 20,830 | ||||||
219,481 | ||||||||
BUILDING PRODUCTS — 1.1% | ||||||||
Aica Kogyo Co., Ltd. | 284 | 5,250 | ||||||
Asahi Glass Co., Ltd. | 6,299 | 43,213 | ||||||
Daikin Industries, Ltd. (a) | 1,432 | 56,202 | ||||||
LIXIL Group Corp. (a) | 1,772 | 35,018 | ||||||
Nippon Sheet Glass Co., Ltd. (b) | 6,000 | 6,764 | ||||||
TOTO, Ltd. (a) | 4,444 | 39,467 | ||||||
185,914 | ||||||||
CAPITAL MARKETS — 1.5% | ||||||||
Daiwa Securities Group, Inc. | 8,482 | 59,181 | ||||||
Jafco Co., Ltd. (a) | 212 | 7,373 | ||||||
Nomura Holdings, Inc. (a) | 17,676 | 108,478 | ||||||
Okasan Securities Group, Inc. | 2,107 | 19,811 | ||||||
SBI Holdings, Inc. (a) | 1,558 | 13,770 | ||||||
Tokai Tokyo Financial Holdings, Inc. (a) | 3,967 | 28,818 | ||||||
237,431 | ||||||||
CHEMICALS — 4.2% | ||||||||
Asahi Kasei Corp. (a) | 5,859 | 39,135 | ||||||
Daicel Chemical Industries, Ltd. | 2,055 | 16,305 | ||||||
DIC Corp. | 6,391 | 13,459 | ||||||
Hitachi Chemical Co., Ltd. (a) | 976 | 14,803 | ||||||
JSR Corp. | 1,360 | 27,657 | ||||||
Kaneka Corp. | 2,224 | 12,892 | ||||||
Kansai Paint Co., Ltd. | 2,092 | 23,274 | ||||||
Kuraray Co., Ltd. (a) | 2,971 | 44,334 | ||||||
Mitsubishi Chemical Holdings Corp. (a) | 6,123 | 28,329 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 2,268 | 14,980 | ||||||
Mitsui Chemicals, Inc. (a) | 5,843 | 12,740 | ||||||
Nissan Chemical Industries, Ltd. | 2,816 | 33,935 | ||||||
Nitto Denko Corp. | 784 | 46,446 | ||||||
Shin-Etsu Chemical Co., Ltd. (a) | 2,420 | 160,870 | ||||||
Showa Denko K.K. | 7,723 | 11,582 | ||||||
Sumitomo Chemical Co., Ltd. (a) | 9,674 | 30,148 | ||||||
Taiyo Nippon Sanso Corp. (a) | 4,180 | 28,365 | ||||||
Teijin, Ltd. (a) | 6,367 | 14,763 | ||||||
Tokai Carbon Co., Ltd. | 1,828 | 6,280 | ||||||
Toray Industries, Inc. (a) | 7,758 | 52,479 | ||||||
Tosoh Corp. (a) | 5,599 | 15,602 | ||||||
Ube Industries, Ltd. (a) | 9,543 | 18,777 | ||||||
Zeon Corp. (a) | 2,132 | 22,087 | ||||||
689,242 | ||||||||
COMMERCIAL BANKS — 10.6% | ||||||||
Chuo Mitsui Trust Holdings, Inc. (a) | 19,981 | 94,146 | ||||||
Fukuoka Financial Group, Inc. | 6,000 | 30,823 | ||||||
Hokuhoku Financial Group, Inc. | 9,658 | 19,517 | ||||||
Mitsubishi UFJ Financial Group, Inc. (a) | 79,700 | 473,012 | ||||||
Mizuho Financial Group, Inc. (a) | 138,100 | 292,298 | ||||||
Resona Holdings, Inc. (a) | 9,500 | 49,309 | ||||||
Shinsei Bank, Ltd. | 9,726 | 21,931 | ||||||
Sumitomo Mitsui Financial Group, Inc. (a) | 8,000 | 321,208 | ||||||
Suruga Bank, Ltd. | 496 | 8,013 | ||||||
The 77 Bank, Ltd. | 3,803 | 20,548 | ||||||
The Awa Bank, Ltd. | 3,731 | 23,175 | ||||||
The Bank of Kyoto, Ltd. | 1,916 | 18,708 | ||||||
The Bank of Yokohama, Ltd. | 7,947 | 46,066 | ||||||
The Chiba Bank, Ltd. | 6,063 | 43,528 | ||||||
The Chugoku Bank, Ltd. | 1,504 | 24,587 | ||||||
The Hachijuni Bank, Ltd. | 5,719 | 34,611 | ||||||
The Hiroshima Bank, Ltd. (a) | 5,811 | 28,431 | ||||||
The Hyakugo Bank, Ltd. | 4,147 | 20,686 | ||||||
The Iyo Bank, Ltd. | 1,180 | 11,157 | ||||||
The Joyo Bank, Ltd. (a) | 4,155 | 23,290 | ||||||
The Juroku Bank, Ltd. | 5,883 | 24,153 | ||||||
The Musashino Bank, Ltd. | 420 | 16,484 | ||||||
The Nanto Bank, Ltd. | 2,391 | 11,393 | ||||||
The Nishi-Nippon City Bank, Ltd. | 7,799 | 24,470 | ||||||
The Shizuoka Bank, Ltd. | 2,363 | 26,641 |
See accompanying notes to financial statements.
186
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Yamaguchi Financial Group, Inc. | 2,076 | $ | 21,020 | |||||
1,729,205 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.1% | ||||||||
Aeon Delight Co., Ltd. | 200 | 4,339 | ||||||
Dai Nippon Printing Co., Ltd. (a) | 3,739 | 35,235 | ||||||
Daiseki Co., Ltd. (a) | 400 | 6,735 | ||||||
Nissha Printing Co., Ltd. (b) | 236 | 4,174 | ||||||
Park24 Co., Ltd. | 1,000 | 19,613 | ||||||
Secom Co., Ltd. | 1,368 | 70,568 | ||||||
Toppan Printing Co., Ltd. (a) | 4,299 | 30,910 | ||||||
171,574 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.0% (c) | ||||||||
Aiphone Co., Ltd. | 200 | 3,325 | ||||||
COMPUTERS & PERIPHERALS — 1.3% | ||||||||
Fujitsu, Ltd. (a) | 10,498 | 43,323 | ||||||
NEC Corp. (a) | 11,918 | 31,056 | ||||||
Seiko Epson Corp. (a) | 1,376 | 13,362 | ||||||
Toshiba Corp. (a) | 23,633 | 118,643 | ||||||
206,384 | ||||||||
CONSTRUCTION & ENGINEERING — 1.2% | ||||||||
Chiyoda Corp. | 1,688 | 18,833 | ||||||
COMSYS Holdings Corp. (a) | 2,000 | 24,293 | ||||||
JGC Corp. | 1,760 | 44,534 | ||||||
Kajima Corp. (a) | 7,595 | 20,680 | ||||||
Maeda Corp. | 4,855 | 19,622 | ||||||
Obayashi Corp. (a) | 5,679 | 27,181 | ||||||
Shimizu Corp. (a) | 5,559 | 18,092 | ||||||
Taisei Corp. | 9,995 | 27,534 | ||||||
200,769 | ||||||||
CONSTRUCTION MATERIALS — 0.1% | ||||||||
Taiheiyo Cement Corp. (a) | 9,607 | 22,582 | ||||||
CONSUMER FINANCE — 0.5% | ||||||||
Acom Co., Ltd. (a)(b) | 22 | 631 | ||||||
Aeon Credit Service Co., Ltd. (a) | 1,040 | 29,578 | ||||||
Credit Saison Co., Ltd. (a) | 1,364 | 34,006 | ||||||
Orient Corp. (a)(b) | 4,001 | 12,639 | ||||||
76,854 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Toyo Seikan Group Holdings, Ltd. | 1,048 | 14,758 | ||||||
DISTRIBUTORS — 0.1% | ||||||||
Canon Marketing Japan, Inc. | 992 | 14,613 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.2% | ||||||||
Benesse Holdings, Inc. (a) | 628 | 27,018 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 0.5% | ||||||||
ORIX Corp. (a) | 6,160 | 78,032 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.4% | ||||||||
Nippon Telegraph & Telephone Corp. | 5,200 | 227,037 | ||||||
ELECTRIC UTILITIES — 1.4% | ||||||||
Chubu Electric Power Co., Inc. (a) | 3,963 | 48,600 | ||||||
Hokkaido Electric Power Co., Inc. (b) | 928 | 9,801 | ||||||
Hokuriku Electric Power Co. (a) | 1,412 | 17,406 | ||||||
Kyushu Electric Power Co., Inc. (a)(b) | 2,376 | 24,690 | ||||||
Shikoku Electric Power Co., Inc. (b) | 972 | 14,143 | ||||||
The Chugoku Electric Power Co., Inc. (a) | 1,648 | 21,998 | ||||||
The Kansai Electric Power Co., Inc. (a)(b) | 4,811 | 47,486 | ||||||
The Okinawa Electric Power Co., Inc. | 36 | 1,227 | ||||||
The Tokyo Electric Power Co., Inc. (a)(b) | 8,567 | 23,235 | ||||||
Tohoku Electric Power Co., Inc. (b) | 2,843 | 22,981 | ||||||
231,567 | ||||||||
ELECTRICAL EQUIPMENT — 1.5% | ||||||||
Fuji Electric Holdings Co., Ltd. (a) | 6,099 | 17,774 | ||||||
Fujikura, Ltd. (a) | 4,107 | 12,799 | ||||||
Furukawa Electric Co., Ltd. (a) | 3,899 | 8,709 | ||||||
Mitsubishi Electric Corp. | 11,974 | 96,408 | ||||||
Nidec Corp. (a) | 764 | 45,749 | ||||||
Sumitomo Electric Industries, Ltd. | 3,787 | 46,764 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. (a) | 2,000 | 11,359 | ||||||
Ushio, Inc. (a) | 1,036 | 10,732 | ||||||
250,294 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.0% | ||||||||
Alps Electric Co., Ltd. (a) | 1,768 | 11,640 | ||||||
Amano Corp. | 1,236 | 11,700 | ||||||
Citizen Holdings Co., Ltd. | 3,003 | 15,778 | ||||||
FUJIFILM Holdings Corp. (a) | 2,827 | 55,205 | ||||||
Hamamatsu Photonics K.K. (a) | 768 | 30,959 | ||||||
Hirose Electric Co., Ltd. (a) | 408 | 55,155 | ||||||
Hitachi, Ltd. (a) | 25,933 | 149,773 | ||||||
Horiba, Ltd. | 404 | 12,371 | ||||||
Hoya Corp. (a) | 2,632 | 49,046 | ||||||
Ibiden Co., Ltd. (a) | 996 | 15,530 | ||||||
Keyence Corp. | 240 | 73,082 | ||||||
Kyocera Corp. | 992 | 92,954 | ||||||
Murata Manufacturing Co., Ltd. (a) | 1,228 | 91,558 | ||||||
Nippon Electric Glass Co., Ltd. | 3,548 | 18,038 | ||||||
Oki Electric Industry Co., Ltd. (a)(b) | 12,166 | 15,140 | ||||||
Omron Corp. | 1,380 | 34,052 | ||||||
Shimadzu Corp. (a) | 2,312 | 16,500 | ||||||
TDK Corp. (a) | 996 | 34,641 | ||||||
Yaskawa Electric Corp. | 1,604 | 15,917 | ||||||
Yokogawa Electric Corp. (a) | 1,964 | 19,761 | ||||||
818,800 | ||||||||
FOOD & STAPLES RETAILING — 1.8% | ||||||||
Aeon Co., Ltd. | 4,403 | 56,899 | ||||||
Cawachi, Ltd. | 448 | 9,773 | ||||||
FamilyMart Co., Ltd. | 352 | 16,286 | ||||||
Izumiya Co., Ltd. | 3,740 | 19,571 | ||||||
Lawson, Inc. (a) | 400 | 30,844 | ||||||
Seven & I Holdings Co., Ltd. | 4,439 | 147,070 | ||||||
UNY Group Holdings Co., Ltd. | 2,000 | 15,805 | ||||||
296,248 | ||||||||
FOOD PRODUCTS — 1.2% | ||||||||
Ajinomoto Co., Inc. | 4,003 | 60,245 | ||||||
Hokuto Corp. (a) | 400 | 7,445 | ||||||
Kikkoman Corp. (a) | 2,256 | 39,760 | ||||||
MEIJI Holdings Co., Ltd. (a) | 400 | 18,570 |
See accompanying notes to financial statements.
187
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Nissin Foods Holding Co., Ltd. (a) | 640 | $ | 29,849 | |||||
Sakata Seed Corp. | 1,584 | 20,672 | ||||||
Yakult Honsha Co., Ltd. (a) | 564 | 22,825 | ||||||
199,366 | ||||||||
GAS UTILITIES — 0.9% | ||||||||
Osaka Gas Co., Ltd. (a) | 12,150 | 53,500 | ||||||
Saibu Gas Co., Ltd. | 10,273 | 23,601 | ||||||
Tokyo Gas Co., Ltd. (a) | 13,873 | 75,843 | ||||||
152,944 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.7% | ||||||||
Nakanishi, Inc. | 200 | 24,505 | ||||||
Olympus Corp. (b) | 1,042 | 24,504 | ||||||
Sysmex Corp. (a) | 400 | 24,633 | ||||||
Terumo Corp. (a) | 956 | 41,181 | ||||||
114,823 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 0.4% | ||||||||
Medipal Holdings Corp. | 1,192 | 16,875 | ||||||
Miraca Holdings, Inc. | 636 | 31,015 | ||||||
Suzuken Co., Ltd. | 632 | 23,527 | ||||||
71,417 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.4% | ||||||||
Oriental Land Co., Ltd. (a) | 404 | 65,829 | ||||||
Round One Corp. (a) | 800 | 5,786 | ||||||
71,615 | ||||||||
HOUSEHOLD DURABLES — 2.2% | ||||||||
Casio Computer Co., Ltd. (a) | 2,248 | 17,335 | ||||||
Funai Electric Co., Ltd. (a) | 395 | 4,848 | ||||||
Haseko Corp. (a)(b) | 9,139 | 8,359 | ||||||
Panasonic Corp. (a) | 13,381 | 93,078 | ||||||
Pioneer Corp. (a)(b) | 2,360 | 4,217 | ||||||
Sangetsu Co., Ltd. | 176 | 4,751 | ||||||
Sekisui Chemical Co., Ltd. (a) | 2,079 | 22,820 | ||||||
Sekisui House, Ltd. | 3,679 | 50,047 | ||||||
Sharp Corp. (a)(b) | 5,519 | 15,966 | ||||||
Sony Corp. (a) | 6,811 | 118,950 | ||||||
Sumitomo Forestry Co., Ltd. | 1,368 | 14,725 | ||||||
355,096 | ||||||||
HOUSEHOLD PRODUCTS — 0.2% | ||||||||
Unicharm Corp. (a) | 632 | 37,441 | ||||||
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS — 0.1% | ||||||||
Electric Power Development Co., Ltd. | 840 | 22,130 | ||||||
INDUSTRIAL CONGLOMERATES — 0.2% | ||||||||
Keihan Electric Railway Co., Ltd. (a) | 5,747 | 25,551 | ||||||
Nisshinbo Holdings, Inc. | 1,584 | 11,119 | ||||||
36,670 | ||||||||
INSURANCE — 2.3% | ||||||||
MS&AD Insurance Group Holdings, Inc. (a) | 3,636 | 79,898 | ||||||
NKSJ Holdings, Inc. (a) | 2,000 | 41,778 | ||||||
Sony Financial Holdings, Inc. | 1,600 | 23,995 | ||||||
T&D Holdings, Inc. (a) | 4,200 | 50,747 | ||||||
The Dai-ichi Life Insurance Co., Ltd. | 42 | 56,509 | ||||||
Tokio Marine Holdings, Inc. | 4,447 | 125,341 | ||||||
378,268 | ||||||||
INTERNET & CATALOG RETAIL — 0.3% | ||||||||
Rakuten, Inc. | 5,000 | 50,893 | ||||||
INTERNET SOFTWARE & SERVICES — 0.6% | ||||||||
DeNA Co., Ltd. (a) | 800 | 21,740 | ||||||
Gree, Inc. (a) | 600 | 7,422 | ||||||
Internet Initiative Japan, Inc. | 600 | 20,740 | ||||||
Yahoo! Japan Corp. (a) | 104 | 47,896 | ||||||
97,798 | ||||||||
IT SERVICES — 0.6% | ||||||||
IT Holdings Corp. | 832 | 10,999 | ||||||
Itochu Techno-Solutions Corp. (a) | 608 | 30,523 | ||||||
NET One Systems Co., Ltd. (a) | 2,000 | 17,486 | ||||||
Nomura Research Institute, Ltd. (a) | 300 | 7,709 | ||||||
NTT Data Corp. (a) | 8 | 26,675 | ||||||
Otsuka Corp. | 12 | 1,303 | ||||||
SCSK Corp. | 100 | 1,952 | ||||||
TKC Corp. | 400 | 7,318 | ||||||
103,965 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 1.3% | ||||||||
Namco Bandai Holdings, Inc. | 2,232 | 39,527 | ||||||
Nikon Corp. (a) | 1,840 | 43,661 | ||||||
Roland Corp. (a) | 200 | 1,717 | ||||||
Sankyo Co., Ltd. | 640 | 30,326 | ||||||
Sega Sammy Holdings, Inc. (a) | 2,031 | 41,281 | ||||||
Shimano, Inc. | 592 | 50,057 | ||||||
Yamaha Corp. | 1,192 | 11,841 | ||||||
218,410 | ||||||||
MACHINERY — 5.6% | ||||||||
Amada Co., Ltd. | 1,527 | 10,216 | ||||||
FANUC Corp. | 1,180 | 181,857 | ||||||
Glory, Ltd. | 1,044 | 25,084 | ||||||
IHI Corp. (a) | 10,311 | 31,365 | ||||||
JTEKT Corp. | 1,408 | 13,358 | ||||||
Kawasaki Heavy Industries, Ltd. (a) | 7,978 | 25,032 | ||||||
Komatsu, Ltd. | 5,439 | 130,103 | ||||||
Komori Corp. | 788 | 8,482 | ||||||
Kubota Corp. (a) | 3,663 | 52,128 | ||||||
Kurita Water Industries, Ltd. (a) | 976 | 21,384 | ||||||
Makita Corp. (a) | 976 | 44,378 | ||||||
Minebea Co., Ltd. (a) | 2,255 | 7,603 | ||||||
Mitsubishi Heavy Industries, Ltd. | 19,676 | 111,962 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd. (a) | 7,567 | 13,360 | ||||||
Mori Seiki Co., Ltd. (a) | 968 | 11,438 | ||||||
NGK Insulators, Ltd. | 2,320 | 24,996 | ||||||
NSK, Ltd. (a) | 2,463 | 18,731 | ||||||
NTN Corp. | 2,495 | 6,502 | ||||||
OKUMA Corp. | 1,648 | 12,182 | ||||||
OSG Corp. | 1,012 | 13,907 | ||||||
SMC Corp. (a) | 420 | 81,213 | ||||||
Sodick Co., Ltd. | 1,800 | 10,817 | ||||||
Sumitomo Heavy Industries, Ltd. (a) | 3,795 | 15,379 | ||||||
Takuma Co., Ltd. (a) | 2,000 | 11,678 | ||||||
The Japan Steel Works, Ltd. (a) | 1,708 | 9,101 | ||||||
THK Co., Ltd. (a) | 1,000 | 19,336 |
See accompanying notes to financial statements.
188
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Toshiba Machine Co., Ltd. | 1,944 | $ | 9,553 | |||||
921,145 | ||||||||
MARINE — 0.3% | ||||||||
Kawasaki Kisen Kaisha, Ltd. (a)(b) | 5,759 | 12,189 | ||||||
Mitsui OSK Lines, Ltd. (a)(b) | 4,491 | 14,760 | ||||||
Nippon Yusen K.K. (a) | 7,995 | 20,664 | ||||||
47,613 | ||||||||
MEDIA — 0.6% | ||||||||
CyberAgent, Inc. (a) | 4 | 7,547 | ||||||
Dentsu, Inc. (a) | 1,600 | 47,496 | ||||||
Jupiter Telecommunications Co. | 8 | 10,509 | ||||||
Toho Co., Ltd. | 1,352 | 28,185 | ||||||
93,737 | ||||||||
METALS & MINING — 2.1% | ||||||||
Daido Steel Co., Ltd. (a) | 2,199 | 11,975 | ||||||
Dowa Holdings Co., Ltd. | 1,767 | 13,832 | ||||||
JFE Holdings, Inc. (a) | 2,847 | 53,506 | ||||||
Kobe Steel, Ltd. (a)(b) | 12,645 | 14,660 | ||||||
Mitsubishi Materials Corp. | 8,027 | 22,880 | ||||||
Mitsubishi Steel Manufacturing Co., Ltd. | 4,000 | 8,509 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 5,839 | 14,967 | ||||||
Nippon Steel Corp. | 44,755 | 111,864 | ||||||
Nisshin Steel Holdings Co., Ltd. (b) | 500 | 3,951 | ||||||
Sumitomo Metal Mining Co., Ltd. | 3,575 | 51,066 | ||||||
Toho Zinc Co., Ltd. (a) | 4,000 | 16,124 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 144 | 605 | ||||||
Topy Industries, Ltd. | 5,000 | 11,700 | ||||||
Yodogawa Steel Works, Ltd. (a) | 3,963 | 14,837 | ||||||
350,476 | ||||||||
MULTILINE RETAIL — 0.8% | ||||||||
Isetan Mitsukoshi Holdings, Ltd. | 2,441 | 35,257 | ||||||
J Front Retailing Co., Ltd. | 3,778 | 29,294 | ||||||
Marui Group Co., Ltd. (a) | 2,616 | 27,128 | ||||||
Ryohin Keikaku Co., Ltd. | 236 | 18,901 | ||||||
Takashimaya Co., Ltd. | 2,332 | 23,216 | ||||||
133,796 | ||||||||
OFFICE ELECTRONICS — 2.1% | ||||||||
Brother Industries, Ltd. (a) | 1,832 | 19,174 | ||||||
Canon, Inc. (a) | 7,058 | 255,235 | ||||||
Konica Minolta Holdings, Inc. (a) | 4,075 | 29,819 | ||||||
Ricoh Co., Ltd. (a) | 3,555 | 37,962 | ||||||
342,190 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 0.9% | ||||||||
Cosmo Oil Co., Ltd. (a)(b) | 5,927 | 12,482 | ||||||
Inpex Corp. | 8 | 42,544 | ||||||
JX Holdings, Inc. | 14,500 | 80,350 | ||||||
TonenGeneral Sekiyu K.K. | 1,547 | 15,203 | ||||||
150,579 | ||||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||||
Nippon Paper Group, Inc. (a)(b) | 800 | 12,474 | ||||||
OJI Paper Co., Ltd. (a) | 5,839 | 21,550 | ||||||
34,024 | ||||||||
PERSONAL PRODUCTS — 1.0% | ||||||||
Kao Corp. | 3,239 | 106,106 | ||||||
Mandom Corp. (a) | 1,016 | 35,661 | ||||||
Shiseido Co., Ltd. (a) | 1,832 | 25,857 | ||||||
167,624 | ||||||||
PHARMACEUTICALS — 5.7% | ||||||||
Astellas Pharma, Inc. | 2,771 | 149,131 | ||||||
Chugai Pharmaceutical Co., Ltd. | 1,616 | 36,662 | ||||||
Daiichi Sankyo Co., Ltd. (a) | 4,051 | 78,202 | ||||||
Dainippon Sumitomo Pharma Co., Ltd. (a) | 960 | 17,920 | ||||||
Eisai Co., Ltd. (a) | 1,540 | 68,794 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 404 | 22,086 | ||||||
Kissei Pharmaceutical Co., Ltd. | 1,000 | 21,059 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 1,833 | 20,938 | ||||||
Mitsubishi Tanabe Pharma Corp. | 2,000 | 30,738 | ||||||
Mochida Pharmaceutical Co., Ltd. | 2,000 | 25,846 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. (a) | 200 | 4,550 | ||||||
Ono Pharmaceutical Co., Ltd. (a) | 432 | 26,328 | ||||||
Otsuka Holdings Co., Ltd. (a) | 1,500 | 52,648 | ||||||
Santen Pharmaceutical Co., Ltd. | 956 | 45,248 | ||||||
Seikagaku Corp. | 800 | 8,526 | ||||||
Shionogi & Co., Ltd. (a) | 1,996 | 41,249 | ||||||
Taisho Pharmaceutical Holdings Co., Ltd. | 300 | 21,761 | ||||||
Takeda Pharmaceutical Co., Ltd. (a) | 4,655 | 249,039 | ||||||
Torii Pharmaceutical Co., Ltd. | 200 | 4,869 | ||||||
Tsumura & Co. | 100 | 3,696 | ||||||
929,290 | ||||||||
PROFESSIONAL SERVICES — 0.1% | ||||||||
Meitic Corp. | 812 | 20,235 | ||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 4.2% | ||||||||
Daikyo, Inc. (a) | 4,256 | 14,802 | ||||||
Daito Trust Construction Co., Ltd. (a) | 564 | 48,110 | ||||||
Daiwa House Industry Co., Ltd. (a) | 4,363 | 84,457 | ||||||
Heiwa Real Estate Co., Ltd. | 900 | 17,594 | ||||||
Leopalace21 Corp. (b) | 1,044 | 4,419 | ||||||
Mitsubishi Estate Co., Ltd. | 7,111 | 196,343 | ||||||
Mitsui Fudosan Co., Ltd. (a) | 5,923 | 166,250 | ||||||
Sumitomo Realty & Development Co., Ltd. | 1,843 | 70,470 | ||||||
Tokyo Tatemono Co., Ltd. | 3,540 | 24,812 | ||||||
Tokyu Land Corp. (a) | 5,664 | 52,833 | ||||||
680,090 | ||||||||
ROAD & RAIL — 4.7% | ||||||||
Central Japan Railway Co. | 1,000 | 105,510 | ||||||
East Japan Railway Co. | 2,200 | 180,642 | ||||||
Hankyu Hanshin Holdings, Inc.��(a) | 8,486 | 51,357 | ||||||
Keikyu Corp. (a) | 4,355 | 45,625 | ||||||
Keisei Electric Railway Co., Ltd. | 2,147 | 22,904 | ||||||
Kintetsu Corp. (a) | 12,038 | 55,824 | ||||||
Nagoya Railroad Co., Ltd. | 8,362 | 26,415 | ||||||
Nankai Electric Railway Co., Ltd. | 6,111 | 25,544 | ||||||
Nippon Express Co., Ltd. (a) | 7,555 | 36,883 | ||||||
Odakyu Electric Railway Co., Ltd. (a) | 2,483 | 30,925 | ||||||
Sotetsu Holdings, Inc. (a) | 8,254 | 30,288 | ||||||
Tobu Railway Co., Ltd. (a) | 6,007 | 34,309 | ||||||
Tokyu Corp. (a) | 6,391 | 48,194 |
See accompanying notes to financial statements.
189
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
West Japan Railway Co. (a) | 1,400 | $ | 67,230 | |||||
761,650 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.8% | ||||||||
Advantest Corp. (a) | 1,216 | 17,408 | ||||||
Dainippon Screen Manufacturing Co., Ltd. (b) | 364 | 1,680 | ||||||
Disco Corp. (a) | 384 | 21,728 | ||||||
Rohm Co., Ltd. (a) | 576 | 21,136 | ||||||
Sanken Electric Co., Ltd. (a) | 2,404 | 9,614 | ||||||
Shinko Electric Industries Co., Ltd. (a) | 592 | 4,817 | ||||||
Sumco Corp. | 1,046 | 12,127 | ||||||
Tokyo Electron, Ltd. (a) | 1,040 | 46,071 | ||||||
134,581 | ||||||||
SOFTWARE — 0.7% | ||||||||
Konami Corp. | 792 | 15,963 | ||||||
Nintendo Co., Ltd. (a) | 648 | 69,680 | ||||||
NSD Co., Ltd. | 832 | 9,415 | ||||||
Square Enix Holdings Co., Ltd. (a) | 796 | 8,483 | ||||||
Trend Micro, Inc. | 368 | 10,478 | ||||||
114,019 | ||||||||
SPECIALTY RETAIL — 1.5% | ||||||||
Aoyama Trading Co., Ltd. | 984 | 24,773 | ||||||
Autobacs Seven Co., Ltd. | 540 | 8,632 | ||||||
Fast Retailing Co., Ltd. | 176 | 57,375 | ||||||
Hikari Tsushin, Inc. | 184 | 9,423 | ||||||
Nitori Holding Co., Ltd. | 210 | 16,082 | ||||||
Sanrio Co., Ltd. (a) | 448 | 19,989 | ||||||
Shimachu Co., Ltd. (a) | 984 | 24,574 | ||||||
Shimamura Co., Ltd. | 232 | 27,439 | ||||||
USS Co., Ltd. (a) | 200 | 23,506 | ||||||
Yamada Denki Co., Ltd. (a) | 600 | 27,409 | ||||||
239,202 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.6% | ||||||||
Asics Corp. (a) | 2,064 | 34,598 | ||||||
Gunze, Ltd. (a) | 4,223 | 10,959 | ||||||
Onward Holdings Co., Ltd. | 1,580 | 14,183 | ||||||
The Japan Wool Textile Co., Ltd. | 2,031 | 15,467 | ||||||
Toyobo Co., Ltd. (a) | 8,302 | 14,128 | ||||||
89,335 | ||||||||
TOBACCO — 1.2% | ||||||||
Japan Tobacco, Inc. | 6,000 | 191,449 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 4.2% | ||||||||
Hanwa Co., Ltd. | 2,207 | 7,958 | ||||||
Inaba Denki Sangyo Co., Ltd. | 956 | 28,389 | ||||||
ITOCHU Corp. (a) | 8,566 | 103,043 | ||||||
Iwatani Corp. (a) | 6,451 | 29,847 | ||||||
Kanematsu Corp. (a)(b) | 19,000 | 24,856 | ||||||
Marubeni Corp. (a) | 10,402 | 77,777 | ||||||
Mitsubishi Corp. (a) | 7,607 | 141,023 | ||||||
Mitsui & Co., Ltd. (a) | 10,002 | 139,679 | ||||||
Sojitz Corp. (a) | 8,428 | 12,998 | ||||||
Sumitomo Corp. (a) | 6,375 | 79,874 | ||||||
Toyota Tsusho Corp. | 1,039 | 26,953 | ||||||
Yamazen Corp. | 2,800 | 18,405 | ||||||
690,802 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 0.4% | ||||||||
Kamigumi Co., Ltd. | 2,395 | 22,289 | ||||||
Mitsubishi Logistics Corp. | 2,216 | 41,152 | ||||||
63,441 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 3.0% | ||||||||
KDDI Corp. (a) | 3,600 | 148,181 | ||||||
NTT DoCoMo, Inc. (a) | 88 | 133,002 | ||||||
Softbank Corp. (a) | 4,415 | 203,798 | ||||||
484,981 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $18,795,157) | 16,236,163 | |||||||
SHORT TERM INVESTMENTS — 23.3% | ||||||||
UNITED STATES — 23.3% | ||||||||
MONEY MARKET FUNDS — 23.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 3,811,115 | 3,811,115 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (e)(f) | 13,549 | 13,549 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $3,824,664) | 3,824,664 | |||||||
TOTAL INVESTMENTS — 122.4% | ||||||||
(Cost $22,619,821) | 20,060,827 | |||||||
OTHER ASSETS & LIABILITIES — (22.4)% | (3,669,373 | ) | ||||||
NET ASSETS — 100.0% | $ | 16,391,454 | ||||||
(a) | A portion of the security was on loan at March 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. |
See accompanying notes to financial statements.
190
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.9% | ||||||||
JAPAN — 98.9% | ||||||||
AIR FREIGHT & LOGISTICS — 0.3% | ||||||||
Kintetsu World Express, Inc. (a) | 6,500 | $ | 237,476 | |||||
AIRLINES — 0.0% (b) | ||||||||
Skymark Airlines, Inc. (c) | 7,700 | 29,974 | ||||||
AUTO COMPONENTS — 5.1% | ||||||||
Ahresty Corp. | 7,100 | 36,776 | ||||||
Exedy Corp. | 4,700 | 109,377 | ||||||
FCC Co., Ltd. (a) | 9,113 | 218,859 | ||||||
Futaba Industrial Co., Ltd. (a)(c) | 12,794 | 57,969 | ||||||
Keihin Corp. (a) | 9,341 | 129,554 | ||||||
Koito Manufacturing Co., Ltd. (a) | 16,000 | 278,749 | ||||||
KYB Co., Ltd. (a) | 25,902 | 126,728 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 16,252 | 362,135 | ||||||
Nifco, Inc. (a) | 10,300 | 244,080 | ||||||
Nissan Shatai Co., Ltd. (a) | 22,000 | 272,368 | ||||||
Nissin Kogyo Co., Ltd. | 11,034 | 182,022 | ||||||
Press Kogyo Co., Ltd. | 24,569 | 127,261 | ||||||
Showa Corp. (a) | 14,639 | 156,012 | ||||||
Takata Corp. (a) | 12,500 | 250,877 | ||||||
Tokai Rika Co., Ltd. | 9,500 | 168,539 | ||||||
Topre Corp. | 16,634 | 166,305 | ||||||
Toyo Tire & Rubber Co., Ltd. (a) | 41,372 | 184,814 | ||||||
Toyota Boshoku Corp. (a) | 8,800 | 123,548 | ||||||
TS Tech Co., Ltd. | 11,100 | 316,047 | ||||||
Unipres Corp. | 7,900 | 180,989 | ||||||
3,693,009 | ||||||||
BEVERAGES — 0.6% | ||||||||
Mikuni Coca-Cola Bottling Co., Ltd. (a) | 26,345 | 270,119 | ||||||
Sapporo Holdings, Ltd. | 41,000 | 172,251 | ||||||
442,370 | ||||||||
BIOTECHNOLOGY — 0.7% | ||||||||
3-D Matrix, Ltd. (c) | 1,000 | 77,643 | ||||||
OncoTherapy Science, Inc. (a)(c) | 81 | 253,889 | ||||||
Sosei Group Corp. (c) | 5,300 | 184,897 | ||||||
516,429 | ||||||||
BUILDING PRODUCTS — 2.4% | ||||||||
Aica Kogyo Co., Ltd. | 16,019 | 296,118 | ||||||
Bunka Shutter Co., Ltd. | 46,577 | 234,817 | ||||||
Central Glass Co., Ltd. (a) | 47,309 | 161,018 | ||||||
Nichias Corp. | 26,000 | 153,478 | ||||||
Nitto Boseki Co., Ltd. (a) | 54,020 | 206,267 | ||||||
Noritz Corp. | 6,965 | 138,233 | ||||||
Sankyo Tateyama, Inc. (c) | 11,400 | 229,891 | ||||||
Sanwa Holdings Corp. | 58,910 | 302,633 | ||||||
1,722,455 | ||||||||
CAPITAL MARKETS — 2.4% | ||||||||
Jafco Co., Ltd. (a) | 8,700 | 302,585 | ||||||
Matsui Securities Co., Ltd. (a) | 16,100 | 169,528 | ||||||
Monex Group, Inc. (a) | 893 | 359,973 | ||||||
Okasan Securities Group, Inc. | 32,447 | 305,075 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 55,721 | 404,780 | ||||||
Toyo Securities Co., Ltd. (a) | 45,457 | 190,009 | ||||||
1,731,950 | ||||||||
CHEMICALS — 4.7% | ||||||||
ADEKA Corp. | 23,013 | 196,548 | ||||||
Asahi Organic Chemicals Industry Co., Ltd. | 40,540 | 88,393 | ||||||
C. Uyemura & Co., Ltd. | 2,076 | 77,281 | ||||||
Fujikura Kasei Co., Ltd. | 20,038 | 82,053 | ||||||
Fujimi, Inc. | 6,473 | 92,875 | ||||||
Ishihara Sangyo Kaisha, Ltd. (a)(c) | 107,811 | 91,735 | ||||||
Japan Pure Chemical Co., Ltd. | 109 | 256,212 | ||||||
Kureha Corp. (a) | 29,000 | 103,021 | ||||||
Lintec Corp. | 11,708 | 219,665 | ||||||
New Japan Chemical Co., Ltd. (a)(c) | 6,800 | 18,732 | ||||||
Nippon Soda Co., Ltd. | 31,065 | 145,049 | ||||||
Nippon Valqua Industries, Ltd. | 37,025 | 93,330 | ||||||
NOF Corp. | 43,731 | 213,957 | ||||||
Okamoto Industries, Inc. | 59,841 | 201,761 | ||||||
Sumitomo Bakelite Co., Ltd. (a) | 38,000 | 158,030 | ||||||
Taiyo Holdings Co., Ltd. | 7,300 | 209,559 | ||||||
Toagosei Co., Ltd. | 50,000 | 217,507 | ||||||
Tokai Carbon Co., Ltd. | 38,542 | 132,409 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 13,300 | 281,928 | ||||||
Toyo Ink Manufacturing Co., Ltd. | 42,000 | 196,554 | ||||||
Zeon Corp. | 28,000 | 290,066 | ||||||
3,366,665 | ||||||||
COMMERCIAL BANKS — 8.1% | ||||||||
Bank of the Ryukyus, Ltd. (a) | 11,681 | 169,960 | ||||||
Kansai Urban Banking Corp. | 99,000 | 130,568 | ||||||
Kiyo Holdings, Inc. (a) | 175,754 | 278,529 | ||||||
North Pacific Bank, Ltd. (a) | 60,200 | 202,972 | ||||||
The Aichi Bank, Ltd. | 5,149 | 302,302 | ||||||
The Bank of Iwate, Ltd. | 5,756 | 232,946 | ||||||
The Bank of Nagoya, Ltd. | 35,000 | 158,583 | ||||||
The Bank of Okinawa, Ltd. | 4,900 | 206,121 | ||||||
The Daishi Bank, Ltd. | 57,000 | 232,802 | ||||||
The Fukushima Bank, Ltd. (a) | 246,478 | 214,967 | ||||||
The Higo Bank, Ltd. | 38,000 | 242,906 | ||||||
The Hokkoku Bank, Ltd. (a) | 37,000 | 154,659 | ||||||
The Hyakugo Bank, Ltd. | 55,000 | 274,356 | ||||||
The Hyakujushi Bank, Ltd. | 46,000 | 189,832 | ||||||
The Juroku Bank, Ltd. | 59,000 | 242,225 | ||||||
The Kagoshima Bank, Ltd. (a) | 31,000 | 219,262 | ||||||
The Keiyo Bank, Ltd. | 43,000 | 244,225 | ||||||
The Musashino Bank, Ltd. | 11,300 | 443,491 | ||||||
The Nagano Bank, Ltd. | 85,534 | 164,663 | ||||||
The Nanto Bank, Ltd. | 43,000 | 204,893 | ||||||
The Shikoku Bank, Ltd. | 62,000 | 190,576 | ||||||
The Shimizu Bank, Ltd. | 4,900 | 146,708 | ||||||
The Taiko Bank, Ltd. (a) | 60,000 | 160,817 | ||||||
The Tochigi Bank, Ltd. | 31,846 | 124,647 | ||||||
The Tokyo Tomin Bank, Ltd. (a) | 8,605 | 103,421 | ||||||
The Yachiyo Bank, Ltd. | 7,000 | 231,919 | ||||||
Tomato Bank, Ltd. | 98,872 | 181,928 | ||||||
TOMONY Holdings, Inc. | 31,205 | 135,746 | ||||||
5,786,024 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.2% | ||||||||
Aeon Delight Co., Ltd. | 4,900 | 106,318 | ||||||
Daiseki Co., Ltd. (a) | 15,793 | 265,904 | ||||||
Duskin Co., Ltd. | 14,100 | 281,640 |
See accompanying notes to financial statements.
191
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Moshi Moshi Hotline, Inc. (a) | 11,744 | $ | 165,755 | |||||
Nissha Printing Co., Ltd. (a)(c) | 11,000 | 194,565 | ||||||
Okamura Corp. | 23,884 | 178,076 | ||||||
Pilot Corp. | 131 | 356,272 | ||||||
1,548,530 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.8% | ||||||||
Aiphone Co., Ltd. | 7,006 | 116,469 | ||||||
Denki Kogyo Co., Ltd. | 30,303 | 136,657 | ||||||
Hitachi Kokusai Electric, Inc. (a) | 15,634 | 143,669 | ||||||
Icom, Inc. (a) | 7,200 | 183,178 | ||||||
579,973 | ||||||||
COMPUTERS & PERIPHERALS — 0.8% | ||||||||
Eizo Nanao Corp. | 7,300 | 127,801 | ||||||
Melco Holdings, Inc. (a) | 4,000 | 68,964 | ||||||
Wacom Co., Ltd. (a) | 101 | 401,228 | ||||||
597,993 | ||||||||
CONSTRUCTION & ENGINEERING — 3.8% | ||||||||
Chugai Ro Co., Ltd. (a) | 45,522 | 118,138 | ||||||
Kandenko Co., Ltd. | 26,000 | 120,294 | ||||||
Kinden Corp. | 28,924 | 193,811 | ||||||
Kyowa Exeo Corp. (a) | 24,776 | 263,518 | ||||||
Kyudenko Corp. | 35,657 | 157,768 | ||||||
Maeda Corp. (a) | 44,158 | 178,473 | ||||||
Maeda Road Construction Co., Ltd. | 20,000 | 271,006 | ||||||
Mirait Holdings Corp. | 20,100 | 207,157 | ||||||
Penta-Ocean Construction Co., Ltd. (a) | 96,500 | 241,199 | ||||||
Sanki Engineering Co., Ltd. | 18,196 | 95,218 | ||||||
SHO-BOND Holdings Co., Ltd. (a) | 8,800 | 319,166 | ||||||
Taikisha, Ltd. (a) | 9,900 | 224,177 | ||||||
Toda Corp. (a) | 43,000 | 101,074 | ||||||
Tokyu Construction Co., Ltd. (a)(c) | 47,482 | 106,054 | ||||||
Toyo Engineering Corp. (a) | 27,000 | 117,454 | ||||||
2,714,507 | ||||||||
CONSUMER FINANCE — 1.1% | ||||||||
Acom Co., Ltd. (a)(c) | 8,060 | 231,376 | ||||||
Aiful Corp. (a)(c) | 19,300 | 128,297 | ||||||
J Trust Co., Ltd. (a) | 6,900 | 244,751 | ||||||
Orient Corp. (a)(c) | 63,500 | 200,590 | ||||||
805,014 | ||||||||
CONTAINERS & PACKAGING — 0.9% | ||||||||
FP Corp. | 3,300 | 215,508 | ||||||
Fuji Seal International, Inc. | 7,970 | 198,614 | ||||||
Taisei Lamick Co., Ltd. (a) | 10,300 | 261,608 | ||||||
675,730 | ||||||||
DISTRIBUTORS — 0.4% | ||||||||
Canon Marketing Japan, Inc. | 10,300 | 151,729 | ||||||
Jin Co., Ltd. (a) | 2,100 | 114,135 | ||||||
265,864 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 1.2% | ||||||||
Century Tokyo Leasing Corp. | 13,100 | 348,330 | ||||||
Fuyo General Lease Co., Ltd. | 4,100 | 154,371 | ||||||
Japan Securities Finance Co., Ltd. (a) | 19,919 | 153,386 | ||||||
Ricoh Leasing Co., Ltd. | 6,567 | 178,948 | ||||||
835,035 | ||||||||
ELECTRIC UTILITIES — 0.3% | ||||||||
The Okinawa Electric Power Co., Inc. | 5,700 | 194,304 | ||||||
ELECTRICAL EQUIPMENT — 1.3% | ||||||||
Daihen Corp. | 31,971 | 92,492 | ||||||
Endo Lighting Corp. (a) | 2,300 | 74,612 | ||||||
Futaba Corp. | 12,800 | 135,460 | ||||||
Hitachi Cable, Ltd. (c) | 43,000 | 67,230 | ||||||
Nippon Carbon Co., Ltd. (a) | 34,000 | 77,388 | ||||||
Nippon Signal Co., Ltd. (a) | 16,000 | 124,399 | ||||||
Sinfonia Technology Co., Ltd. | 55,826 | 96,190 | ||||||
SWCC Showa Holdings Co., Ltd. (a)(c) | 103,075 | 98,668 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. (a) | 12,400 | 70,428 | ||||||
Toyo Tanso Co., Ltd. (a) | 3,900 | 94,493 | ||||||
931,360 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.3% | ||||||||
Alps Electric Co., Ltd. (a) | 33,600 | 221,213 | ||||||
Amano Corp. | 16,932 | 160,280 | ||||||
Daiwabo Holdings Co., Ltd. (a) | 29,635 | 53,584 | ||||||
ESPEC Corp. (a) | 11,531 | 86,341 | ||||||
Hakuto Co., Ltd. | 17,211 | 164,934 | ||||||
Horiba, Ltd. | 9,700 | 297,025 | ||||||
Hosiden Corp. (a) | 20,095 | 116,697 | ||||||
Japan Cash Machine Co., Ltd. | 17,624 | 191,573 | ||||||
Koa Corp. | 14,091 | 135,335 | ||||||
Maruwa Co., Ltd. (a) | 1,900 | 53,431 | ||||||
Nichicon Corp. | 11,100 | 94,802 | ||||||
Nihon Dempa Kogyo Co., Ltd. (a) | 4,795 | 48,705 | ||||||
Nippon Ceramic Co., Ltd. | 6,023 | 105,700 | ||||||
Nippon Chemi-Con Corp. (a)(c) | 23,432 | 61,060 | ||||||
Oki Electric Industry Co., Ltd. (a)(c) | 140,000 | 174,218 | ||||||
Ryosan Co., Ltd. (a) | 8,396 | 161,187 | ||||||
Ryoyo Electro Corp. | 18,004 | 163,151 | ||||||
Star Micronics Co., Ltd. (a) | 10,669 | 105,306 | ||||||
Taiyo Yuden Co., Ltd. (a) | 23,600 | 298,200 | ||||||
Tokyo Electron Device, Ltd. | 150 | 237,875 | ||||||
Topcon Corp. (a) | 13,019 | 118,669 | ||||||
3,049,286 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.9% | ||||||||
Japan Drilling Co., Ltd. (a) | 4,400 | 250,840 | ||||||
Modec, Inc. | 8,700 | 256,133 | ||||||
Shinko Plantech Co., Ltd. | 18,786 | 146,460 | ||||||
653,433 | ||||||||
FOOD & STAPLES RETAILING — 1.9% | ||||||||
Cawachi, Ltd. | 6,935 | 151,284 | ||||||
Izumiya Co., Ltd. | 30,933 | 161,870 | ||||||
Kato Sangyo Co., Ltd. | 7,200 | 148,717 | ||||||
Matsumotokiyoshi Holdings Co., Ltd. (a) | 9,100 | 263,457 | ||||||
Ministop Co., Ltd. (a) | 8,894 | 144,260 | ||||||
Valor Co., Ltd. | 9,900 | 187,323 | ||||||
Yokohama Reito Co., Ltd. (a) | 36,280 | 333,010 | ||||||
1,389,921 | ||||||||
FOOD PRODUCTS — 3.0% | ||||||||
Ariake Japan Co., Ltd. | 8,964 | 186,011 |
See accompanying notes to financial statements.
192
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Ezaki Glico Co., Ltd. (a) | 16,000 | $ | 165,752 | |||||
Fuji Oil Co., Ltd. | 13,100 | 203,425 | ||||||
Fujicco Co., Ltd. | 10,657 | 125,930 | ||||||
Hokuto Corp. (a) | 9,921 | 184,660 | ||||||
Marudai Food Co., Ltd. | 79,417 | 263,541 | ||||||
Maruha Nichiro Holdings, Inc. | 91,000 | 169,379 | ||||||
Megmilk Snow Brand Co., Ltd. (a) | 14,000 | 223,208 | ||||||
Mitsui Sugar Co., Ltd. | 35,497 | 110,244 | ||||||
Morinaga Milk Industry Co., Ltd. (a) | 42,000 | 128,207 | ||||||
Nakamuraya Co., Ltd. (a) | 40,952 | 183,809 | ||||||
Nippon Suisan Kaisha, Ltd. | 50,775 | 97,208 | ||||||
Riken Vitamin Co., Ltd. | 4,880 | 118,600 | ||||||
2,159,974 | ||||||||
GAS UTILITIES — 0.3% | ||||||||
Shizuoka Gas Co., Ltd. | 29,319 | 205,189 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.3% | ||||||||
Asahi Intecc Co., Ltd. | 3,800 | 210,168 | ||||||
Fukuda Denshi Co., Ltd. | 6,286 | 227,318 | ||||||
Nakanishi, Inc. | 1,647 | 201,802 | ||||||
Nipro Corp. (a) | 16,600 | 147,779 | ||||||
Paramount Bed Holdings Co., Ltd. | 4,400 | 167,071 | ||||||
954,138 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 1.0% | ||||||||
Message Co., Ltd. (a) | 58 | 156,690 | ||||||
Ship Healthcare Holdings, Inc. (a) | 8,900 | 310,014 | ||||||
Toho Holdings Co., Ltd. | 11,200 | 259,213 | ||||||
725,917 | ||||||||
HEALTH CARE TECHNOLOGY — 0.2% | ||||||||
Psc, Inc. (a) | 4,100 | 165,055 | ||||||
HOTELS, RESTAURANTS & LEISURE — 3.3% | ||||||||
Accordia Golf Co., Ltd. | 280 | 264,454 | ||||||
Doutor Nichires Holdings Co., Ltd. (a) | 11,175 | 164,380 | ||||||
HIS Co., Ltd. | 5,700 | 259,174 | ||||||
MOS Food Services, Inc. | 13,814 | 286,947 | ||||||
Ohsho Food Service Corp. | 7,300 | 227,494 | ||||||
PGM Holdings K. K. (a) | 131 | 117,875 | ||||||
Round One Corp. | 16,700 | 120,783 | ||||||
Tokyo Dome Corp. | 44,085 | 250,856 | ||||||
Umenohana Co., Ltd. (a) | 19,500 | 388,880 | ||||||
Zensho Co., Ltd. (a) | 20,546 | 271,193 | ||||||
2,352,036 | ||||||||
HOUSEHOLD DURABLES — 2.7% | ||||||||
Arnest One Corp. (a) | 14,100 | 277,891 | ||||||
Chofu Seisakusho Co., Ltd. (a) | 10,100 | 227,739 | ||||||
Clarion Co., Ltd. (a)(c) | 34,000 | 44,118 | ||||||
Foster Electric Co., Ltd. (a) | 7,000 | 95,820 | ||||||
France Bed Holdings Co., Ltd. | 114,734 | 252,605 | ||||||
Fujitsu General, Ltd. (a) | 13,000 | 110,615 | ||||||
Funai Electric Co., Ltd. (a) | 7,100 | 87,145 | ||||||
Haseko Corp. (a)(c) | 213,000 | 194,831 | ||||||
JVC Kenwood Holdings, Inc. (a) | 23,800 | 62,525 | ||||||
Misawa Homes Holdings, Inc. | 14,066 | 218,126 | ||||||
Token Corp. | 5,890 | 397,804 | ||||||
1,969,219 | ||||||||
HOUSEHOLD PRODUCTS — 0.4% | ||||||||
Pigeon Corp. | 4,300 | 314,199 | ||||||
INDUSTRIAL CONGLOMERATES — 0.2% | ||||||||
Katakura Industries Co., Ltd. | 12,180 | 145,870 | ||||||
INTERNET & CATALOG RETAIL — 0.5% | ||||||||
Senshukai Co., Ltd. | 23,824 | 194,859 | ||||||
Start Today Co., Ltd. (a) | 10,400 | 128,756 | ||||||
323,615 | ||||||||
INTERNET SOFTWARE & SERVICES — 1.0% | ||||||||
GMO Internet, Inc. (a) | 21,900 | 206,608 | ||||||
Internet Initiative Japan, Inc. | 8,900 | 307,647 | ||||||
Zappallas, Inc. | 213 | 232,891 | ||||||
747,146 | ||||||||
IT SERVICES — 1.7% | ||||||||
Digital Garage, Inc. (a) | 37 | 119,831 | ||||||
Future Architect, Inc. | 697 | 309,877 | ||||||
Ines Corp. | 27,160 | 202,501 | ||||||
IT Holdings Corp. | 14,137 | 186,899 | ||||||
NET One Systems Co., Ltd. (a) | 16,700 | 146,005 | ||||||
SCSK Corp. | 8,100 | 158,089 | ||||||
Transcosmos, Inc. | 8,467 | 120,854 | ||||||
1,244,056 | ||||||||
LEISURE EQUIPMENT & PRODUCTS — 1.1% | ||||||||
Fields Corp. | 7,200 | 118,622 | ||||||
Heiwa Corp. (a) | 13,700 | 274,670 | ||||||
Roland Corp. (a) | 11,076 | 95,068 | ||||||
Tamron Co., Ltd. (a) | 5,600 | 121,506 | ||||||
Tomy Co., Ltd. (a) | 15,500 | 78,802 | ||||||
Universal Entertainment Corp. (a) | 4,800 | 95,112 | ||||||
783,780 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.3% | ||||||||
EPS Corp. (a) | 148 | 213,610 | ||||||
MACHINERY — 7.1% | ||||||||
Asahi Diamond Industrial Co., Ltd. (a) | 15,242 | 148,335 | ||||||
CKD Corp. (a) | 12,805 | 82,670 | ||||||
Daifuku Co., Ltd. (a) | 22,181 | 181,893 | ||||||
Fuji Machine Manufacturing Co., Ltd. | 14,442 | 118,123 | ||||||
Furukawa Co., Ltd. (a) | 88,280 | 102,345 | ||||||
Hitachi Zosen Corp. | 176,226 | 288,649 | ||||||
Hoshizaki Electric Co., Ltd. | 7,400 | 215,184 | ||||||
Iseki & Co., Ltd. | 28,000 | 96,192 | ||||||
Juki Corp. (a)(c) | 33,450 | 51,232 | ||||||
Kitz Corp. | 19,102 | 95,896 | ||||||
Komori Corp. | 24,040 | 258,759 | ||||||
Kyokuto Kaihatsu Kogyo Co., Ltd. (a) | 29,140 | 305,595 | ||||||
Makino Milling Machine Co., Ltd. | 24,739 | 150,771 | ||||||
Meidensha Corp. (a) | 31,000 | 93,640 | ||||||
Minebea Co., Ltd. (a) | 53,000 | 178,696 | ||||||
Miura Co., Ltd. | 6,500 | 164,539 | ||||||
Mori Seiki Co., Ltd. (a) | 21,500 | 254,058 | ||||||
Nachi-Fujikoshi Corp. (a) | 53,418 | 226,694 | ||||||
Namura Shipbuilding Co., Ltd. | 15,500 | 88,364 | ||||||
Nippon Sharyo, Ltd. | 22,970 | 102,366 | ||||||
Nippon Thompson Co., Ltd. (a) | 16,511 | 81,133 | ||||||
Nitto Kohki Co., Ltd. | 7,300 | 138,360 | ||||||
OKUMA Corp. (a) | 19,192 | 141,868 |
See accompanying notes to financial statements.
193
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
OSG Corp. | 15,600 | $ | 214,371 | |||||
Ryobi, Ltd. (a) | 25,723 | 61,831 | ||||||
Shima Seiki Manufacturing, Ltd. | 13,600 | 307,237 | ||||||
Sintokogio, Ltd. | 14,519 | 129,408 | ||||||
Tadano, Ltd. (a) | 26,913 | 311,437 | ||||||
Toshiba Machine Co., Ltd. | 30,009 | 147,460 | ||||||
Tsubakimoto Chain Co. | 31,124 | 159,890 | ||||||
Tsugami Corp. (a) | 14,000 | 80,706 | ||||||
Union Tool Co. | 7,332 | 148,324 | ||||||
5,126,026 | ||||||||
MARINE — 0.3% | ||||||||
Iino Kaiun Kaisha, Ltd. (a) | 26,306 | 193,616 | ||||||
MEDIA — 2.8% | ||||||||
Asatsu-DK, Inc. (a) | 4,900 | 135,399 | ||||||
Avex Group Holdings, Inc. | 11,592 | 321,425 | ||||||
Daiichikosho Co., Ltd. | 11,581 | 310,773 | ||||||
Kadokawa Group Holdings, Inc. (a) | 4,087 | 112,238 | ||||||
Shochiku Co., Ltd. (a) | 28,243 | 289,579 | ||||||
SKY Perfect JSAT Holdings, Inc. | 322 | 151,548 | ||||||
Tokyo Broadcasting System Holdings, Inc. | 12,700 | 190,324 | ||||||
TV Asahi Corp. | 17,800 | 344,754 | ||||||
Zenrin Co., Ltd. | 9,724 | 132,280 | ||||||
1,988,320 | ||||||||
METALS & MINING — 2.6% | ||||||||
Aichi Steel Corp. | 26,000 | 105,637 | ||||||
Asahi Holdings, Inc. | 11,400 | 242,987 | ||||||
Godo Steel, Ltd. (a) | 26,440 | 46,682 | ||||||
Kyoei Steel, Ltd. (a) | 5,800 | 103,576 | ||||||
Maruichi Steel Tube, Ltd. | 13,200 | 310,976 | ||||||
Nippon Denko Co., Ltd. (a) | 34,000 | 112,104 | ||||||
Nippon Yakin Kogyo Co., Ltd. (a)(c) | 23,000 | 29,355 | ||||||
Nisshin Steel Holdings Co., Ltd. (c) | 29,800 | 235,497 | ||||||
OSAKA Titanium Technologies Co. (a) | 5,600 | 112,512 | ||||||
Sanyo Special Steel Co., Ltd. (a) | 29,750 | 105,052 | ||||||
Sumitomo Light Metal Industries, Ltd. | 117,135 | 119,602 | ||||||
Toho Titanium Co., Ltd. (a) | 8,400 | 68,169 | ||||||
Toho Zinc Co., Ltd. (a) | 45,796 | 184,606 | ||||||
Tokyo Rope Manufacturing Co., Ltd. (a)(c) | 41,654 | 49,620 | ||||||
Tokyo Steel Manufacturing Co., Ltd. (a) | 14,600 | 61,338 | ||||||
1,887,713 | ||||||||
MULTILINE RETAIL — 0.8% | ||||||||
Izumi Co., Ltd. | 10,900 | 265,950 | ||||||
Matsuya Co., Ltd. (a)(c) | 8,508 | 138,723 | ||||||
Parco Co., Ltd. (a) | 17,525 | 182,669 | ||||||
587,342 | ||||||||
OFFICE ELECTRONICS — 0.1% | ||||||||
Riso Kagaku Corp. | 4,547 | 88,309 | ||||||
OIL, GAS & CONSUMABLE FUELS — 0.2% | ||||||||
Itochu Enex Co., Ltd. | 29,104 | 171,801 | ||||||
PAPER & FOREST PRODUCTS — 0.8% | ||||||||
Daio Paper Corp. | 22,940 | 140,783 | ||||||
Nippon Paper Group, Inc. (a)(c) | 26,400 | 411,640 | ||||||
552,423 | ||||||||
PERSONAL PRODUCTS — 1.6% | ||||||||
Dr Ci:Labo Co., Ltd. (a) | 39 | 117,058 | ||||||
Fancl Corp. (a) | 10,200 | 111,308 | ||||||
Mandom Corp. (a) | 8,845 | 310,450 | ||||||
Milbon Co., Ltd. | 6,600 | 235,865 | ||||||
Pola Orbis Holdings, Inc. | 5,200 | 165,314 | ||||||
Unihair Co., Ltd. (a)(c) | 10,704 | 178,969 | ||||||
1,118,964 | ||||||||
PHARMACEUTICALS — 2.4% | ||||||||
Kaken Pharmaceutical Co., Ltd. | 25,428 | 466,261 | ||||||
KYORIN Holdings, Inc. | 14,900 | 364,180 | ||||||
Mochida Pharmaceutical Co., Ltd. (a) | 23,483 | 303,466 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 7,765 | 176,657 | ||||||
Torii Pharmaceutical Co., Ltd. | 8,400 | 204,505 | ||||||
Towa Pharmaceutical Co., Ltd. | 3,300 | 175,144 | ||||||
1,690,213 | ||||||||
PROFESSIONAL SERVICES — 0.7% | ||||||||
Meitic Corp. (a) | 8,744 | 217,902 | ||||||
Nihon M&A Center, Inc. | 4,300 | 189,571 | ||||||
Pasona Group, Inc. | 186 | 93,673 | ||||||
501,146 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 2.9% | ||||||||
Daibiru Corp. (a) | 17,126 | 200,368 | ||||||
Daikyo, Inc. (a) | 43,352 | 150,778 | ||||||
Goldcrest Co., Ltd. | 4,309 | 104,448 | ||||||
Heiwa Real Estate Co., Ltd. | 19,600 | 383,161 | ||||||
K.K. daVinci Holdings (c)(d) | 262 | 0 | ||||||
Kenedix, Inc. (a)(c) | 941 | 508,432 | ||||||
Leopalace21 Corp. (c) | 26,200 | 110,908 | ||||||
NTT Urban Development Corp. | 294 | 348,035 | ||||||
Suruga Corp. (c)(d) | 10,689 | 0 | ||||||
TOC Co., Ltd. | 31,000 | 237,396 | ||||||
2,043,526 | ||||||||
ROAD & RAIL — 1.4% | ||||||||
Hamakyorex Co., Ltd. | 4,800 | 199,106 | ||||||
Hitachi Transport System, Ltd. | 12,800 | 204,212 | ||||||
Kobe Electric Railway Co., Ltd. (c) | 41,500 | 134,626 | ||||||
Sankyu, Inc. | 54,830 | 243,767 | ||||||
Seino Holdings Co., Ltd. | 25,000 | 216,443 | ||||||
998,154 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.6% | ||||||||
Dainippon Screen Manufacturing Co., Ltd. (a)(c) | 39,000 | 180,026 | ||||||
Ferrotec Corp. (a) | 8,200 | 30,089 | ||||||
Megachips Corp. (a) | 8,800 | 136,465 | ||||||
Shinko Electric Industries Co., Ltd. (a) | 20,200 | 164,359 | ||||||
Sumco Corp. (a) | 22,100 | 256,211 | ||||||
Tokyo Seimitsu Co., Ltd. | 13,200 | 274,474 | ||||||
Ulvac, Inc. (a)(c) | 16,202 | 129,588 | ||||||
1,171,212 | ||||||||
SOFTWARE — 1.5% | ||||||||
Capcom Co., Ltd. (a) | 10,700 | 167,977 |
See accompanying notes to financial statements.
194
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
DTS Corp. (a) | 11,732 | $ | 192,164 | |||||
Dwango Co., Ltd. (a) | 51 | 205,584 | ||||||
Fuji Soft, Inc. | 9,374 | 223,532 | ||||||
NSD Co., Ltd. | 13,278 | 150,264 | ||||||
Square Enix Holdings Co., Ltd. (a) | 13,300 | 141,742 | ||||||
1,081,263 | ||||||||
SPECIALTY RETAIL — 4.4% | ||||||||
ABC-Mart, Inc. (a) | 4,900 | 186,838 | ||||||
Autobacs Seven Co., Ltd. | 20,364 | 325,538 | ||||||
Bic Camera, Inc. (a) | 378 | 176,698 | ||||||
Chiyoda Co., Ltd. | 7,113 | 189,438 | ||||||
DCM Japan Holdings Co., Ltd. | 20,100 | 172,096 | ||||||
EDION Corp. (a) | 14,350 | 65,477 | ||||||
Geo Holdings Corp. (a) | 131 | 165,109 | ||||||
Hikari Tsushin, Inc. | 4,400 | 225,335 | ||||||
K’s Holdings Corp. | 9,100 | 290,848 | ||||||
Kohnan Shoji Co., Ltd. (a) | 12,600 | 163,363 | ||||||
Komeri Co., Ltd. (a) | 6,630 | 195,826 | ||||||
Nishimatsuya Chain Co., Ltd. | 11,666 | 94,921 | ||||||
Point, Inc. (a) | 4,850 | 239,353 | ||||||
Shimachu Co., Ltd. (a) | 13,000 | 324,654 | ||||||
United Arrows, Ltd. | 4,829 | 166,154 | ||||||
Xebio Co., Ltd. (a) | 7,161 | 155,604 | ||||||
3,137,252 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 2.1% | ||||||||
Atsugi Co., Ltd. (a) | 160,470 | 189,451 | ||||||
Daidoh, Ltd. (a) | 18,911 | 131,142 | ||||||
Gunze, Ltd. (a) | 47,348 | 122,877 | ||||||
Onward Holdings Co., Ltd. | 25,000 | 224,420 | ||||||
Sanyo Shokai, Ltd. (a) | 49,516 | 154,310 | ||||||
Seiko Holdings Corp. | 20,649 | 92,462 | ||||||
The Japan Wool Textile Co., Ltd. | 27,170 | 206,910 | ||||||
Toyobo Co., Ltd. (a) | 128,000 | 217,826 | ||||||
TSI Holdings Co., Ltd. | 17,300 | 99,914 | ||||||
Unitika, Ltd. (c) | 139,084 | 75,444 | ||||||
1,514,756 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 3.4% | ||||||||
Hanwa Co., Ltd. | 57,032 | 205,636 | ||||||
Inaba Denki Sangyo Co., Ltd. | 8,763 | 260,224 | ||||||
Inabata & Co., Ltd. | 26,675 | 198,318 | ||||||
Iwatani Corp. (a) | 85,422 | 395,220 | ||||||
Kanamoto Co., Ltd. | 16,000 | 334,397 | ||||||
Kuroda Electric Co., Ltd. (a) | 26,700 | 317,492 | ||||||
MonotaRO Co., Ltd. (a) | 4,600 | 222,123 | ||||||
Nichiden Corp. | 7,700 | 188,937 | ||||||
Okaya & Co., Ltd. | 10,405 | 125,497 | ||||||
Trusco Nakayama Corp. | 10,400 | 202,757 | ||||||
2,450,601 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 1.0% | ||||||||
Japan Airport Terminal Co., Ltd. (a) | 11,048 | 147,589 | ||||||
Mitsui-Soko Co., Ltd. (a) | 40,686 | 250,122 | ||||||
The Sumitomo Warehouse Co., Ltd. (a) | 47,563 | 324,270 | ||||||
721,981 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $79,685,695) | 71,095,724 | |||||||
SHORT TERM INVESTMENTS — 19.0% | ||||||||
UNITED STATES — 19.0% | ||||||||
MONEY MARKET FUNDS — 19.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 13,629,687 | 13,629,687 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (f)(g) | 3,041 | 3,041 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $13,632,728) | 13,632,728 | |||||||
TOTAL INVESTMENTS — 117.9% | ||||||||
(Cost $93,318,423) | 84,728,452 | |||||||
OTHER ASSETS & LIABILITIES — (17.9)% | (12,864,519 | ) | ||||||
NET ASSETS — 100.0% | $ | 71,863,933 | ||||||
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(b) | Amount shown represents less than 0.05% of net assets. | |||||
(c) | Non-income producing security. | |||||
(d) | 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) | |||||
(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. |
See accompanying notes to financial statements.
195
SPDR S&P International Dividend ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AUSTRALIA — 27.4% | ||||||||
APA Group | 4,137,581 | $ | 25,709,254 | |||||
ASX, Ltd. | 19,518 | 736,412 | ||||||
Australia & New Zealand Banking Group, Ltd. | 27,829 | 827,744 | ||||||
Bendigo and Adelaide Bank, Ltd. (a) | 1,018,902 | 10,909,367 | ||||||
CFS Retail Property Trust Group (a) | 9,092,227 | 19,052,986 | ||||||
Commonwealth Bank of Australia | 11,845 | 839,855 | ||||||
Commonwealth Property Office Fund | 598,684 | 692,815 | ||||||
CSR, Ltd. | 4,131,431 | 8,872,877 | ||||||
David Jones, Ltd. (a) | 3,580,966 | 11,162,670 | ||||||
DUET Group | 3,790,169 | 9,088,310 | ||||||
Iluka Resources, Ltd. (a) | 4,209,556 | 41,034,072 | ||||||
JB Hi-Fi, Ltd. (a) | 730,066 | 11,234,279 | ||||||
Metcash, Ltd. (a) | 6,392,403 | 27,590,604 | ||||||
Monadelphous Group, Ltd. (a) | 28,284 | 669,366 | ||||||
National Australia Bank, Ltd. | 1,477,123 | 47,492,797 | ||||||
OZ Minerals, Ltd. (a) | 90,104 | 500,689 | ||||||
Sonic Healthcare, Ltd. | 43,842 | 636,705 | ||||||
SP AusNet (a) | 7,197,039 | 8,966,408 | ||||||
Spark Infrastructure Group | 5,189,079 | 8,980,388 | ||||||
Stockland | 10,699,123 | 40,713,436 | ||||||
Tatts Group, Ltd. | 4,941,511 | 16,331,111 | ||||||
Telstra Corp., Ltd. (a) | 5,028,166 | 23,641,927 | ||||||
UGL, Ltd. (a) | 47,558 | 507,715 | ||||||
Westpac Banking Corp. | 1,420,992 | 45,569,544 | ||||||
361,761,331 | ||||||||
BELGIUM — 2.4% | ||||||||
Belgacom SA | 693,444 | 17,270,296 | ||||||
Telenet Group Holding NV | 290,640 | 14,398,465 | ||||||
31,668,761 | ||||||||
BERMUDA — 2.9% | ||||||||
Seadrill, Ltd. | 1,045,981 | 37,965,568 | ||||||
BRAZIL — 1.6% | ||||||||
Companhia Energetica de Minas Gerais ADR (a) | 60,680 | 719,058 | ||||||
CPFL Energia SA ADR (a) | 632,683 | 13,248,382 | ||||||
Oi SA ADR (a) | 2,298,903 | 6,988,665 | ||||||
Vale SA Preference Shares ADR | 29,346 | 485,090 | ||||||
21,441,195 | ||||||||
CANADA — 4.9% | ||||||||
Bell Aliant, Inc. (a) | 378,287 | 10,031,057 | ||||||
Canadian Oil Sands, Ltd. | 1,839,859 | 37,921,795 | ||||||
Cominar Real Estate Investment Trust | 321,111 | 7,294,888 | ||||||
PetroBakken Energy, Ltd. (a) | 1,160,011 | 10,082,088 | ||||||
65,329,828 | ||||||||
CHINA — 0.7% | ||||||||
Anta Sports Products, Ltd. (a) | 645,000 | 551,719 | ||||||
Bank of China, Ltd. | 1,555,000 | 721,146 | ||||||
Dongyue Group (a) | 11,747,000 | 6,809,723 | ||||||
Soho China, Ltd. (a) | 718,000 | 599,362 | ||||||
8,681,950 | ||||||||
CZECH REPUBLIC — 2.1% | ||||||||
CEZ AS (a) | 656,959 | 19,270,989 | ||||||
Telefonica O2 Czech Republic AS (a) | 533,030 | 8,050,328 | ||||||
27,321,317 | ||||||||
DENMARK — 1.4% | ||||||||
TDC A/S | 2,441,859 | 18,797,120 | ||||||
FINLAND — 6.1% | ||||||||
Elisa Oyj (a) | 535,761 | 9,968,689 | ||||||
Fortum Oyj (a) | 2,061,827 | 41,620,123 | ||||||
Orion Oyj (Class B) (a) | 21,590 | 568,059 | ||||||
Stora Enso Oyj | 92,268 | 596,553 | ||||||
UPM-Kymmene Oyj (a) | 2,542,366 | 28,418,781 | ||||||
81,172,205 | ||||||||
FRANCE — 3.7% | ||||||||
Fonciere Des Regions | 74,708 | 5,859,556 | ||||||
France Telecom SA | 3,419,644 | 34,646,271 | ||||||
Neopost SA (a) | 141,688 | 8,503,034 | ||||||
49,008,861 | ||||||||
GERMANY — 1.8% | ||||||||
Freenet AG | 505,814 | 12,311,564 | ||||||
ProSiebenSat.1 Media AG Preference Shares | 21,394 | 765,096 | ||||||
RWE AG | 303,859 | 11,344,632 | ||||||
24,421,292 | ||||||||
HONG KONG — 0.9% | ||||||||
BOC Hong Kong Holdings, Ltd. | 181,000 | 603,905 | ||||||
Hang Seng Bank, Ltd. (a) | 44,600 | 715,310 | ||||||
Shougang Fushan Resources Group, Ltd. (a) | 1,636,000 | 729,204 | ||||||
Yuexiu Real Estate Investment Trust | 17,190,000 | 9,765,724 | ||||||
11,814,143 | ||||||||
ISRAEL — 3.5% | ||||||||
Bezeq The Israeli Telecommunication Corp., Ltd. | 13,369,537 | 18,540,955 | ||||||
Israel Chemicals, Ltd. | 2,145,382 | 27,745,189 | ||||||
46,286,144 | ||||||||
ITALY — 3.0% | ||||||||
Atlantia SpA | 36,744 | 581,294 | ||||||
Terna Rete Elettrica Nationale SpA | 9,488,071 | 39,353,108 | ||||||
39,934,402 | ||||||||
LUXEMBOURG — 1.7% | ||||||||
Millicom International Cellular SA | 126,315 | 10,111,805 | ||||||
Oriflame Cosmetics SA SDR (a) | 358,724 | 12,248,036 | ||||||
22,359,841 | ||||||||
NETHERLANDS — 3.2% | ||||||||
Corio NV | 403,341 | 18,850,058 | ||||||
Koninklijke (Royal) KPN NV (a) | 6,976,255 | 23,506,327 | ||||||
42,356,385 | ||||||||
NORWAY — 0.1% | ||||||||
Gjensidige Forsikring ASA | 44,934 | 742,287 | ||||||
PORTUGAL — 1.3% | ||||||||
EDP — Energias de Portugal SA | 5,776,422 | 17,816,833 | ||||||
SINGAPORE — 2.8% | ||||||||
Ascendas REIT | 342,000 | 716,750 |
See accompanying notes to financial statements.
196
SPDR S&P International Dividend ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Hutchison Port Holdings Trust | 25,336,000 | $ | 21,535,600 | |||||
Keppel Land, Ltd. (a) | 225,000 | 714,573 | ||||||
Singapore Telecommunications, Ltd. | 221,846 | 641,969 | ||||||
STX OSV Holdings, Ltd. | 12,413,000 | 12,206,884 | ||||||
Suntec REIT (a) | 485,000 | 703,692 | ||||||
36,519,468 | ||||||||
SOUTH AFRICA — 2.7% | ||||||||
African Bank Investments, Ltd. (a) | 147,850 | 488,136 | ||||||
Kumba Iron Ore, Ltd. (a) | 463,383 | 24,848,414 | ||||||
MMI Holdings, Ltd. | 3,735,053 | 9,457,273 | ||||||
Vodacom Group, Ltd. (a) | 54,189 | 649,126 | ||||||
35,442,949 | ||||||||
SOUTH KOREA — 0.1% | ||||||||
KT Corp. ADR (b) | 41,880 | 661,684 | ||||||
SPAIN — 6.4% | ||||||||
Enagas | 28,292 | 659,930 | ||||||
Ferrovial SA | 2,458,463 | 39,082,552 | ||||||
Iberdrola SA | 120 | 560 | ||||||
Indra Sistemas SA (a) | 634,508 | 7,577,372 | ||||||
Red Electrica Corporacion SA | 12,130 | 611,363 | ||||||
Repsol YPF SA | 1,793,651 | 36,506,131 | ||||||
84,437,908 | ||||||||
SWEDEN — 3.2% | ||||||||
NCC AB (B Shares) | 305,197 | 7,651,048 | ||||||
Skanska AB (Class B) | 37,257 | 675,004 | ||||||
Tele2 AB (Class B) | 1,946,932 | 33,956,027 | ||||||
42,282,079 | ||||||||
SWITZERLAND — 3.0% | ||||||||
Zurich Insurance Group AG (b) | 142,560 | 39,774,383 | ||||||
TAIWAN — 0.0% (c) | ||||||||
Chunghwa Telecom Co., Ltd. ADR (a) | 19,142 | 599,190 | ||||||
THAILAND — 3.3% | ||||||||
Shin Corp. PCL, NVDR | 15,566,900 | 43,056,818 | ||||||
TURKEY — 4.1% | ||||||||
Eregli Demir ve Celik Fabrikalari TAS | 463,393 | 599,248 | ||||||
Tupras-Turkiye Petrol Rafinerileri AS | 1,041,692 | 31,662,371 | ||||||
Turk Telekomunikasyon AS | 4,849,623 | 21,601,526 | ||||||
53,863,145 | ||||||||
UNITED KINGDOM — 5.3% | ||||||||
Admiral Group PLC | 736,289 | 14,892,007 | ||||||
AstraZeneca PLC | 813,095 | 40,737,101 | ||||||
BAE Systems PLC | 130,136 | 779,157 | ||||||
British American Tobacco PLC | 50 | 2,678 | ||||||
Carillion PLC | 137,823 | 569,862 | ||||||
FirstGroup PLC | 3,648,460 | 11,140,953 | ||||||
National Grid PLC | 66,242 | 769,477 | ||||||
Scottish & Southern Energy PLC | 29,594 | 666,865 | ||||||
Tui Travel PLC | 145,968 | 721,677 | ||||||
70,279,777 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,300,010,929) | 1,315,796,864 | |||||||
SHORT TERM INVESTMENTS — 6.8% | ||||||||
UNITED STATES — 6.8% | ||||||||
MONEY MARKET FUNDS — 6.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 89,608,833 | 89,608,833 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (e)(f) | 281,825 | 281,825 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $89,890,658) | 89,890,658 | |||||||
TOTAL INVESTMENTS — 106.4% | ||||||||
(Cost $1,389,901,587) | 1,405,687,522 | |||||||
OTHER ASSETS & LIABILITIES — (6.4)% | (84,779,722 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,320,907,800 | ||||||
(a) | A portion of the security was on loan at March 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. |
ADR = American Depositary Receipt
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
PLC = Public Limited Company
REIT = Real Estate Investment Trust
SDR = Swedish Depositary Receipt
See accompanying notes to financial statements.
197
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.0% | ||||||||
AUSTRALIA — 7.1% | ||||||||
ALS, Ltd./Queensland (a) | 7,308 | $ | 79,770 | |||||
Ansell, Ltd. | 2,315 | 38,785 | ||||||
APA Group | 17,976 | 111,696 | ||||||
Asciano Group | 21,982 | 128,108 | ||||||
Bank of Queensland, Ltd. (a) | 5,366 | 53,985 | ||||||
Bendigo and Adelaide Bank, Ltd. (a) | 7,482 | 80,110 | ||||||
BGP Holdings PLC (b)(c) | 31,422 | 0 | ||||||
Boral, Ltd. | 16,456 | 84,237 | ||||||
Caltex Australia, Ltd. | 4,373 | 97,336 | ||||||
Challenger Financial Services Group, Ltd. (a) | 9,472 | 38,019 | ||||||
Cochlear, Ltd. (a) | 1,771 | 125,645 | ||||||
Commonwealth Property Office Fund (a) | 90,079 | 104,242 | ||||||
Computershare, Ltd. | 8,227 | 87,486 | ||||||
Dexus Property Group | 105,623 | 114,522 | ||||||
DUET Group | 17,964 | 43,075 | ||||||
Echo Entertainment Group, Ltd. | 16,121 | 58,488 | ||||||
Federation Centres Ltd. | 24,434 | 60,118 | ||||||
Flight Centre Ltd. (a) | 1,204 | 42,176 | ||||||
GrainCorp, Ltd. | 3,702 | 45,079 | ||||||
Harvey Norman Holdings, Ltd. (a) | 35,433 | 100,848 | ||||||
Iluka Resources, Ltd. | 7,030 | 68,527 | ||||||
Lend Lease Group | 12,503 | 132,957 | ||||||
Metcash, Ltd. | 18,782 | 81,066 | ||||||
Mirvac Group | 80,221 | 135,488 | ||||||
OZ Minerals, Ltd. | 6,840 | 38,008 | ||||||
Qantas Airways, Ltd. (b) | 24,226 | 45,083 | ||||||
REA Group Ltd. | 1,179 | 34,060 | ||||||
Regis Resources, Ltd. (b) | 6,250 | 27,106 | ||||||
Seek, Ltd. (a) | 5,572 | 58,672 | ||||||
SP AusNet | 28,973 | 36,096 | ||||||
Spark Infrastructure Group | 20,307 | 35,144 | ||||||
TABCORP Holdings, Ltd. | 15,115 | 50,899 | ||||||
Tatts Group, Ltd. | 35,145 | 116,150 | ||||||
Toll Holdings, Ltd. | 17,426 | 107,733 | ||||||
Treasury Wine Estates, Ltd. | 10,860 | 64,423 | ||||||
Washington H Soul Pattinson & Co., Ltd. | 2,348 | 34,026 | ||||||
Whitehaven Coal, Ltd. | 10,195 | 22,533 | ||||||
2,581,696 | ||||||||
AUSTRIA — 0.6% | ||||||||
IMMOFINANZ AG (b) | 24,429 | 92,696 | ||||||
Telekom Austria AG | 13,053 | 85,802 | ||||||
Voestalpine AG | 1,824 | 56,107 | ||||||
234,605 | ||||||||
BELGIUM — 0.6% | ||||||||
Ackermans & van haaren NV | 489 | 41,386 | ||||||
Delhaize Group (a) | 1,699 | 92,842 | ||||||
Sofina SA | 387 | 35,035 | ||||||
Telenet Group Holding NV | 1,249 | 61,876 | ||||||
231,139 | ||||||||
BERMUDA — 0.8% | ||||||||
Catlin Group, Ltd. | 18,106 | 143,239 | ||||||
Hiscox, Ltd. (b) | 15,278 | 127,594 | ||||||
Lancashire Holdings, Ltd. | 2,769 | 34,015 | ||||||
304,848 | ||||||||
CANADA — 10.1% | ||||||||
Aimia, Inc. | 7,097 | 107,578 | ||||||
Alamos Gold, Inc. | 4,533 | 62,243 | ||||||
AltaGas, Ltd. (a) | 1,752 | 60,202 | ||||||
Astral Media, Inc. | 922 | 44,505 | ||||||
ATCO, Ltd. (Class I) | 1,454 | 131,553 | ||||||
Boardwalk REIT | 522 | 32,108 | ||||||
Bonavista Energy Corp. (a) | 3,221 | 47,366 | ||||||
CAE, Inc. | 5,073 | 49,584 | ||||||
Calloway REIT | 1,148 | 33,086 | ||||||
Canadian REIT | 731 | 32,350 | ||||||
Canadian Western Bank (a) | 3,078 | 85,891 | ||||||
Detour Gold Corp. (b) | 2,822 | 54,248 | ||||||
Dollarama, Inc. (a) | 1,200 | 77,047 | ||||||
Dundee Real Estate Investment Trust | 830 | 29,942 | ||||||
Emera, Inc. | 2,588 | 89,413 | ||||||
Empire Co., Ltd. | 1,538 | 100,141 | ||||||
Enerplus Corp. (a) | 3,320 | 48,495 | ||||||
Ensign Energy Services, Inc. | 2,122 | 36,176 | ||||||
Finning International, Inc. | 5,586 | 139,162 | ||||||
First Capital Realty, Inc. (a) | 1,879 | 35,048 | ||||||
First Majestic Silver Corp. (b) | 3,765 | 60,962 | ||||||
Gibson Energy, Inc. (a) | 1,712 | 44,285 | ||||||
Gildan Activewear, Inc. | 3,833 | 152,913 | ||||||
H&R REIT | 1,564 | 36,008 | ||||||
IAMGOLD Corp. | 6,273 | 45,259 | ||||||
Industrial Alliance Insurance & Financial Services, Inc. | 2,023 | 74,393 | ||||||
Inmet Mining Corp. | 1,892 | 125,984 | ||||||
Keyera Corp. (a) | 2,394 | 134,528 | ||||||
Lions Gate Entertainment Corp. (a)(b) | 1,670 | 39,696 | ||||||
Lundin Mining Corp. (a)(b) | 13,158 | 57,504 | ||||||
Methanex Corp. | 2,038 | 83,029 | ||||||
New Gold, Inc. (b) | 7,748 | 70,468 | ||||||
Onex Corp. | 3,473 | 165,591 | ||||||
Open Text Corp. (b) | 1,026 | 60,634 | ||||||
Osisko Mining Corp. (b) | 6,550 | 38,876 | ||||||
Pan American Silver Corp. | 2,436 | 40,043 | ||||||
Pengrowth Energy Corp. (a) | 8,527 | 43,476 | ||||||
PetroBakken Energy, Ltd. (a) | 4,292 | 37,303 | ||||||
Peyto Exploration & Development Corp. (a) | 6,500 | 172,361 | ||||||
Precision Drilling Corp. (a) | 9,921 | 91,696 | ||||||
Progressive Waste Solutions, Ltd. (a) | 4,020 | 85,113 | ||||||
Quebecor, Inc. (Class B) | 939 | 39,789 | ||||||
Research In Motion, Ltd. (a)(b) | 7,010 | 104,120 | ||||||
Ritchie Bros Auctioneers, Inc. (a) | 1,568 | 34,140 | ||||||
ShawCor, Ltd. (Class A) | 1,014 | 42,987 | ||||||
Tahoe Resources, Inc. (b) | 1,384 | 24,344 | ||||||
The Jean Coutu Group Pjc, Inc. | 2,296 | 35,775 | ||||||
Tourmaline Oil Corp. (b) | 2,348 | 90,781 | ||||||
TransAlta Corp. (a) | 4,260 | 62,268 | ||||||
Trilogy Energy Corp. | 1,252 | 36,108 | ||||||
Veresen, Inc. (a) | 6,646 | 84,780 | ||||||
Vermilion Energy, Inc. (a) | 2,014 | 104,273 | ||||||
West Fraser Timber Co., Ltd. | 554 | 49,077 | ||||||
3,664,702 | ||||||||
CHINA — 0.5% | ||||||||
ENN Energy Holdings, Ltd. | 22,000 | 121,866 |
See accompanying notes to financial statements.
198
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Techtronic Industries Co., Ltd. | 23,500 | $ | 57,216 | |||||
179,082 | ||||||||
DENMARK — 1.3% | ||||||||
Chr Hansen Holding A/S | 1,728 | 64,233 | ||||||
DSV A/S (a) | 5,708 | 138,140 | ||||||
FLSmidth & Co. A/S (a) | 816 | 49,490 | ||||||
GN Store Nord A/S | 3,286 | 58,582 | ||||||
Jyske Bank A/S (b) | 1,220 | 41,609 | ||||||
Topdanmark A/S (b) | 1,680 | 40,282 | ||||||
Tryg A/S | 535 | 43,257 | ||||||
William Demant Holding (a)(b) | 230 | 19,306 | ||||||
454,899 | ||||||||
FINLAND — 1.2% | ||||||||
Elisa Oyj (a) | 6,928 | 128,906 | ||||||
Kesko Oyj (Class B) | 856 | 26,787 | ||||||
Neste Oil Oyj (a) | 2,798 | 39,522 | ||||||
Orion Oyj (Class B) (a) | 3,679 | 96,799 | ||||||
Outotec Oyj (a) | 2,908 | 42,681 | ||||||
Pohjola Bank PLC (a) | 4,258 | 62,004 | ||||||
YIT Oyj | 1,143 | 23,851 | ||||||
420,550 | ||||||||
FRANCE — 3.5% | ||||||||
Alcatel-Lucent (b) | 50,149 | 67,680 | ||||||
Atos Origin SA | 1,179 | 81,284 | ||||||
bioMerieux | 310 | 29,286 | ||||||
Compagnie Generale de Geophysique-Veritas (b) | 3,356 | 75,717 | ||||||
Eiffage SA | 849 | 35,988 | ||||||
Eramet | 211 | 22,873 | ||||||
Euler Hermes SA | 244 | 22,518 | ||||||
Eurazeo | 550 | 27,932 | ||||||
Faurecia | 1,027 | 16,353 | ||||||
Financiere de L’Odet | 50 | 37,127 | ||||||
Fonciere Des Regions | 802 | 62,903 | ||||||
Groupe Eurotunnel SA | 12,128 | 96,774 | ||||||
ICADE (a) | 391 | 34,252 | ||||||
Imerys SA | 697 | 45,458 | ||||||
Ingenico SA | 875 | 51,921 | ||||||
JCDecaux SA | 1,147 | 31,490 | ||||||
Lagardere SCA | 2,290 | 84,468 | ||||||
Orpea | 619 | 25,821 | ||||||
Peugeot SA (a)(b) | 4,064 | 29,485 | ||||||
Sa des Ciments Vicat | 379 | 23,669 | ||||||
SCOR SE | 3,897 | 112,093 | ||||||
SEB SA | 446 | 30,892 | ||||||
Valeo SA | 2,460 | 133,352 | ||||||
Vilmorin & Cie | 115 | 13,856 | ||||||
Wendel | 852 | 90,325 | ||||||
1,283,517 | ||||||||
GERMANY — 2.8% | ||||||||
Aurubis AG | 578 | 36,799 | ||||||
Axel Springer AG | 697 | 30,256 | ||||||
Bilfinger SE | 1,824 | 189,788 | ||||||
Celesio AG | 457 | 8,597 | ||||||
Deutsche Wohnen AG | 2,486 | 45,266 | ||||||
Hochtief AG (b) | 605 | 39,419 | ||||||
MTU Aero Engines Holding AG | 953 | 90,496 | ||||||
Rational AG | 56 | 16,852 | ||||||
Rhoen-Klinikum AG | 5,678 | 120,705 | ||||||
Salzgitter AG | 802 | 32,250 | ||||||
SGL Carbon AG | 1,724 | 67,974 | ||||||
Sky Deutschland AG (b) | 9,574 | 52,876 | ||||||
Software AG | 1,203 | 46,590 | ||||||
Symrise AG | 2,424 | 96,212 | ||||||
United Internet AG | 2,620 | 63,822 | ||||||
Wacker Chemie AG (a) | 330 | 23,658 | ||||||
Wirecard AG | 1,777 | 49,174 | ||||||
1,010,734 | ||||||||
GREECE — 0.1% | ||||||||
OPAP SA | 6,053 | 47,880 | ||||||
HONG KONG — 2.2% | ||||||||
ASM Pacific Technology, Ltd. (a) | 2,800 | 30,768 | ||||||
Champion REIT (a) | 66,000 | 34,264 | ||||||
Chinese Estates Holdings, Ltd. | 19,623 | 31,851 | ||||||
Esprit Holdings, Ltd. (a) | 65,016 | 78,227 | ||||||
First Pacific Co., Ltd. | 50,000 | 67,760 | ||||||
Fosun International | 57,000 | 38,770 | ||||||
Hopewell Holdings | 32,500 | 131,672 | ||||||
Hysan Development Co., Ltd. | 29,827 | 150,621 | ||||||
PCCW, Ltd. | 100,000 | 46,376 | ||||||
Television Broadcasts, Ltd. | 6,400 | 48,478 | ||||||
VTech Holdings, Ltd. (a) | 2,300 | 28,044 | ||||||
Wing Hang Bank, Ltd. | 4,085 | 43,415 | ||||||
Yue Yuen Industrial Holdings, Ltd. | 23,000 | 74,962 | ||||||
805,208 | ||||||||
IRELAND — 1.4% | ||||||||
DCC PLC | 1,143 | 40,289 | ||||||
Dragon Oil PLC | 8,117 | 79,840 | ||||||
Glanbia PLC | 2,893 | 34,404 | ||||||
James Hardie Industries Plc | 9,451 | 98,630 | ||||||
Paddy Power PLC | 1,787 | 161,546 | ||||||
The Governor & Co. of the Bank of Ireland (b) | 432,712 | 85,569 | ||||||
500,278 | ||||||||
ISRAEL — 0.7% | ||||||||
Bank Hapoalim BM (b) | 17,856 | 80,970 | ||||||
Bank Leumi Le-Israel BM (b) | 20,947 | 73,892 | ||||||
Bezeq The Israeli Telecommunication Corp., Ltd. | 31,935 | 44,288 | ||||||
Mellanox Technologies, Ltd. (b) | 512 | 28,317 | ||||||
The Israel Corp., Ltd. | 58 | 44,048 | ||||||
271,515 | ||||||||
ITALY — 1.7% | ||||||||
Banca Monte dei Paschi di Siena SpA (b) | 123,216 | 29,271 | ||||||
Banco Popolare Societa Cooperativa (b) | 70,097 | 88,526 | ||||||
Davide Campari-Milano SpA | 6,622 | 51,615 | ||||||
Finmeccanica SpA (a)(b) | 13,291 | 64,001 | ||||||
Lottomatica Group SpA | 1,502 | 35,353 | ||||||
Mediaset SpA | 35,272 | 72,151 | ||||||
Mediobanca SpA | 8,476 | 43,210 | ||||||
Mediolanum SpA | 2,630 | 14,475 | ||||||
Prysmian SpA | 4,667 | 96,186 | ||||||
Salvatore Ferragamo Italia SpA | 1,396 | 38,684 |
See accompanying notes to financial statements.
199
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
UBI Banca ScPA | 27,232 | $ | 100,500 | |||||
633,972 | ||||||||
JAPAN — 30.2% | ||||||||
Advance Residence Investment Corp. | 41 | 112,464 | ||||||
Advantest Corp. (a) | 4,300 | 61,559 | ||||||
Aozora Bank, Ltd. (a) | 24,000 | 67,390 | ||||||
Asics Corp. (a) | 5,900 | 98,898 | ||||||
Brother Industries, Ltd. (a) | 2,800 | 29,304 | ||||||
Casio Computer Co., Ltd. (a)(b) | 4,800 | 37,013 | ||||||
Credit Saison Co., Ltd. (a) | 7,500 | 186,981 | ||||||
Daicel Chemical Industries, Ltd. | 24,000 | 190,428 | ||||||
Daido Steel Co., Ltd. (a) | 24,000 | 130,696 | ||||||
Dainippon Sumitomo Pharma Co., Ltd. (a) | 3,000 | 55,999 | ||||||
DeNA Co., Ltd. (a) | 1,700 | 46,198 | ||||||
Dowa Holdings Co., Ltd. (a) | 24,000 | 187,875 | ||||||
Electric Power Development Co., Ltd. (a) | 3,000 | 79,036 | ||||||
Fukuoka Financial Group, Inc. | 43,000 | 220,900 | ||||||
Gree, Inc. (a) | 1,600 | 19,792 | ||||||
Hirose Electric Co., Ltd. (a) | 2,000 | 270,368 | ||||||
Hitachi Construction Machinery Co., Ltd. (a) | 2,300 | 49,611 | ||||||
Hokuhoku Financial Group, Inc. | 67,000 | 135,397 | ||||||
Hokuriku Electric Power Co. (a) | 4,500 | 55,472 | ||||||
Ibiden Co., Ltd. (a) | 2,300 | 35,863 | ||||||
Idemitsu Kosan Co., Ltd. (a) | 1,800 | 155,456 | ||||||
IHI Corp. (a) | 24,000 | 73,006 | ||||||
Isetan Mitsukoshi Holdings, Ltd. | 14,500 | 209,434 | ||||||
J Front Retailing Co., Ltd. | 28,000 | 217,103 | ||||||
Japan Prime Realty Investment Corp. | 13 | 51,643 | ||||||
Japan Retail Fund Investment Corp. | 59 | 145,712 | ||||||
JSR Corp. | 2,800 | 56,941 | ||||||
JTEKT Corp. | 2,300 | 21,821 | ||||||
Kajima Corp. (a) | 51,000 | 138,864 | ||||||
Kawasaki Heavy Industries, Ltd. (a) | 25,000 | 78,441 | ||||||
Keihan Electric Railway Co., Ltd. (a) | 24,000 | 106,701 | ||||||
Keisei Electric Railway Co., Ltd. | 24,000 | 256,031 | ||||||
Kewpie Corp. | 2,100 | 29,974 | ||||||
Kobe Steel, Ltd. (a)(b) | 53,000 | 61,444 | ||||||
Konami Corp. (a) | 3,500 | 70,543 | ||||||
Konica Minolta Holdings, Inc. (a) | 10,000 | 73,176 | ||||||
Kuraray Co., Ltd. (a) | 5,900 | 88,042 | ||||||
Kurita Water Industries, Ltd. (a) | 4,300 | 94,214 | ||||||
Kyushu Electric Power Co., Inc. (a)(b) | 8,100 | 84,170 | ||||||
Marui Group Co., Ltd. (a) | 21,900 | 227,106 | ||||||
Mazda Motor Corp. (b) | 51,000 | 152,425 | ||||||
Medipal Holdings Corp. | 9,500 | 134,487 | ||||||
MISUMI Group, Inc. (a) | 1,400 | 38,626 | ||||||
Mitsubishi Gas Chemical Co., Inc. (a) | 24,000 | 158,519 | ||||||
Mitsubishi Materials Corp. | 30,000 | 85,514 | ||||||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 9,900 | 52,332 | ||||||
Mitsui Chemicals, Inc. (a) | 24,000 | 52,329 | ||||||
Mitsui OSK Lines, Ltd. (a)(b) | 24,000 | 78,877 | ||||||
Nabtesco Corp. (a) | 1,900 | 39,103 | ||||||
Nagoya Railroad Co., Ltd. | 24,000 | 75,814 | ||||||
Namco Bandai Holdings, Inc. | 8,800 | 155,839 | ||||||
Nankai Electric Railway Co., Ltd. | 24,000 | 100,319 | ||||||
NEC Corp. (a) | 44,000 | 114,656 | ||||||
NHK Spring Co., Ltd. (a) | 4,100 | 42,779 | ||||||
Nippon Electric Glass Co., Ltd. (a) | 24,000 | 122,017 | ||||||
Nippon Express Co., Ltd. (a) | 24,000 | 117,167 | ||||||
Nippon Yusen K.K. (a) | 29,000 | 74,952 | ||||||
Nissin Foods Holding Co., Ltd. (a) | 1,400 | 65,295 | ||||||
NOK Corp. (a) | 2,000 | 28,717 | ||||||
Obayashi Corp. (a) | 42,000 | 201,021 | ||||||
Omron Corp. | 3,500 | 86,365 | ||||||
Park24 Co., Ltd. | 1,800 | 35,303 | ||||||
Rinnai Corp. | 1,100 | 79,207 | ||||||
Rohm Co., Ltd. (a) | 1,600 | 58,711 | ||||||
Sankyo Co., Ltd. | 1,800 | 85,290 | ||||||
Sanrio Co., Ltd. (a) | 1,800 | 80,313 | ||||||
Santen Pharmaceutical Co., Ltd. | 2,000 | 94,661 | ||||||
Seven Bank, Ltd. (a) | 12,700 | 41,199 | ||||||
Sharp Corp. (a)(b) | 24,000 | 69,432 | ||||||
Shikoku Electric Power Co., Inc. (a)(b) | 3,500 | 50,925 | ||||||
Shimadzu Corp. (a) | 24,000 | 171,283 | ||||||
Shimizu Corp. (a) | 28,000 | 91,130 | ||||||
Shinsei Bank, Ltd. (a) | 78,000 | 175,877 | ||||||
Showa Denko K.K. (a) | 67,000 | 100,479 | ||||||
Showa Shell Sekiyu K.K. | 16,000 | 118,443 | ||||||
Stanley Electric Co., Ltd. | 7,300 | 128,655 | ||||||
Sumitomo Chemical Co., Ltd. (a) | 28,000 | 87,258 | ||||||
Sumitomo Heavy Industries, Ltd. (a) | 24,000 | 97,256 | ||||||
Sumitomo Rubber Industries, Inc. | 3,400 | 57,968 | ||||||
Suzuken Co., Ltd. | 2,300 | 85,620 | ||||||
Sysmex Corp. (a) | 1,700 | 104,690 | ||||||
Taiheiyo Cement Corp. (a) | 24,000 | 56,414 | ||||||
Taisei Corp. | 52,000 | 143,246 | ||||||
Taiyo Nippon Sanso Corp. (a) | 24,000 | 162,859 | ||||||
Takashimaya Co., Ltd. (a) | 24,000 | 238,928 | ||||||
The Bank of Kyoto, Ltd. (a) | 24,000 | 234,333 | ||||||
The Gunma Bank, Ltd. (a) | 28,000 | 168,560 | ||||||
The Hachijuni Bank, Ltd. | 27,000 | 163,401 | ||||||
The Hiroshima Bank, Ltd. (a) | 24,000 | 117,422 | ||||||
The Japan Steel Works, Ltd. (a) | 24,000 | 127,888 | ||||||
The Joyo Bank, Ltd. (a) | 43,000 | 241,023 | ||||||
The Tokyo Electric Power Co., Inc. (a)(b) | 27,400 | 74,314 | ||||||
THK Co., Ltd. (a) | 6,400 | 123,752 | ||||||
Toho Co., Ltd. | 2,500 | 52,117 | ||||||
Toho Gas Co., Ltd. (a) | 24,000 | 156,477 | ||||||
Tohoku Electric Power Co., Inc. (b) | 8,300 | 67,092 | ||||||
Toppan Printing Co., Ltd. (a) | 24,000 | 172,559 | ||||||
Toyo Seikan Group Holdings, Ltd. | 2,300 | 32,389 | ||||||
Trend Micro, Inc. (a) | 2,300 | 65,487 | ||||||
Tsumura & Co. (a) | 1,100 | 40,656 | ||||||
Ube Industries, Ltd. (a) | 51,000 | 100,351 | ||||||
United Urban Investment Corp. (a) | 75 | 121,729 | ||||||
UNY Group Holdings Co., Ltd. | 4,000 | 31,610 | ||||||
Yamaha Corp. | 9,500 | 94,374 | ||||||
Yamaha Motor Co., Ltd. (a) | 5,300 | 72,719 | ||||||
Yokogawa Electric Corp. (a) | 3,800 | 38,234 | ||||||
10,999,853 | ||||||||
LUXEMBOURG — 0.2% | ||||||||
Oriflame Cosmetics SA SDR | 2,202 | 75,184 | ||||||
See accompanying notes to financial statements.
200
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
NETHERLANDS — 1.5% | ||||||||
Corio NV | 1,617 | $ | 75,570 | |||||
Delta Lloyd NV | 2,365 | 40,634 | ||||||
Koninklijke Boskalis Westminster NV | 3,336 | 132,753 | ||||||
Nutreco NV | 805 | 74,003 | ||||||
QIAGEN NV (b) | 5,136 | 107,237 | ||||||
Royal Imtech NV | 2,122 | 24,058 | ||||||
SBM Offshore NV (b) | 4,776 | 79,175 | ||||||
533,430 | ||||||||
NEW ZEALAND — 0.8% | ||||||||
Auckland International Airport, Ltd. | 17,303 | 42,702 | ||||||
Contact Energy, Ltd. | 10,025 | 47,885 | ||||||
Fletcher Building, Ltd. | 23,625 | 169,667 | ||||||
Telecom Corporation of New Zealand, Ltd. | 15,947 | 31,271 | ||||||
291,525 | ||||||||
NORWAY — 1.3% | ||||||||
Aker Solutions ASA | 3,328 | 61,967 | ||||||
Fred Olsen Energy ASA | 685 | 29,361 | ||||||
Golar LNG, Ltd. | 930 | 34,373 | ||||||
Marine Harvest (b) | 58,578 | 54,385 | ||||||
Petroleum Geo-Services ASA | 4,754 | 73,358 | ||||||
Schibsted ASA | 1,353 | 60,314 | ||||||
TGS Nopec Geophysical Co. ASA | 4,355 | 164,269 | ||||||
478,027 | ||||||||
PORTUGAL — 0.3% | ||||||||
Banco Espirito Santo SA (b) | 37,921 | 38,907 | ||||||
Portugal Telecom SGPS SA (a) | 12,682 | 62,925 | ||||||
101,832 | ||||||||
SINGAPORE — 2.2% | ||||||||
Ascendas REIT | 40,000 | 83,830 | ||||||
CapitaCommercial Trust (a) | 22,000 | 28,107 | ||||||
ComfortDelGro Corp., Ltd. | 79,000 | 121,627 | ||||||
Flextronics International, Ltd. (a)(b) | 18,372 | 124,195 | ||||||
Keppel Land, Ltd. (a) | 24,096 | 76,526 | ||||||
Mapletree Logistics Trust | 31,000 | 30,360 | ||||||
Neptune Orient Lines, Ltd. (a)(b) | 33,000 | 31,521 | ||||||
Olam International, Ltd. (a) | 33,736 | 46,773 | ||||||
SATS Ltd. | 14,000 | 34,306 | ||||||
StarHub, Ltd. | 24,000 | 84,153 | ||||||
Suntec REIT (a) | 46,000 | 66,742 | ||||||
UOL Group, Ltd. | 11,000 | 61,889 | ||||||
790,029 | ||||||||
SOUTH KOREA — 5.9% | ||||||||
BS Financial Group, Inc. | 4,410 | 60,644 | ||||||
Celltrion, Inc. | 1,205 | 58,376 | ||||||
Cheil Communications, Inc. (b) | 1,730 | 37,396 | ||||||
Cheil Industries, Inc. | 1,734 | 136,837 | ||||||
CJ CheilJedang Corp. | 114 | 35,708 | ||||||
CJ Corp. | 491 | 65,755 | ||||||
Coway Co., Ltd. (b) | 830 | 36,517 | ||||||
Daelim Industrial Co., Ltd. | 837 | 68,985 | ||||||
Daewoo Engineering & Construction Co., Ltd. (b) | 5,222 | 42,993 | ||||||
Daewoo International Corp. | 1,259 | 42,830 | ||||||
Daewoo Securities Co., Ltd. (b) | 5,739 | 59,577 | ||||||
Daewoo Shipbuilding & Marine Engineering Co., Ltd. | 2,240 | 55,366 | ||||||
Dongbu Insurance Co., Ltd. (b) | 1,970 | 80,741 | ||||||
Doosan Corp. | 491 | 57,149 | ||||||
Doosan Infracore Co., Ltd. (b) | 2,490 | 35,360 | ||||||
GS Engineering & Construction Corp. | 914 | 45,429 | ||||||
Hanwha Chemical Corp. | 1,830 | 32,320 | ||||||
Hanwha Corp. | 2,788 | 84,572 | ||||||
Hyundai Department Store Co., Ltd. | 250 | 37,412 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. (b) | 1,190 | 33,959 | ||||||
Hyundai Merchant Marine Co., Ltd. (b) | 2,226 | 29,311 | ||||||
Hyundai Mipo Dockyard Co., Ltd. | 277 | 29,005 | ||||||
Hyundai Wia Corp. | 258 | 38,030 | ||||||
Kangwon Land, Inc. | 2,080 | 58,702 | ||||||
KCC Corp. | 149 | 40,913 | ||||||
Korea Exchange Bank | 3,990 | 26,861 | ||||||
Korea Gas Corp. | 501 | 32,061 | ||||||
Korea Kumho Petrochemical Co., Ltd. | 568 | 53,859 | ||||||
Korean Air Lines Co., Ltd. (b) | 735 | 27,019 | ||||||
LG Uplus Corp. (b) | 4,670 | 34,251 | ||||||
Lotte Confectionery Co., Ltd. | 22 | 36,205 | ||||||
LS Uplus Corp. | 582 | 46,137 | ||||||
Mando Corp. | 226 | 23,766 | ||||||
NCSoft Corp. | 276 | 38,947 | ||||||
Neo Holdings Co., Ltd. (b)(c) | 491 | 0 | ||||||
OCI Co., Ltd. | 315 | 45,158 | ||||||
ORION Corp. | 183 | 178,131 | ||||||
S1 Corp/Korea | 531 | 30,258 | ||||||
Samsung Card Co., Ltd. | 820 | 29,149 | ||||||
Samsung Securities Co., Ltd. (b) | 1,603 | 78,090 | ||||||
Samsung Techwin Co., Ltd. | 1,109 | 65,587 | ||||||
Shinsegae Co., Ltd. | 162 | 32,907 | ||||||
SK C&C Co., Ltd. | 392 | 34,035 | ||||||
SK Networks Co., Ltd. | 1,580 | 11,006 | ||||||
Woori Investment & Securities Co., Ltd. (b) | 2,690 | 28,409 | ||||||
2,155,723 | ||||||||
SPAIN — 1.6% | ||||||||
Acciona SA | 563 | 30,747 | ||||||
Acerinox SA (a) | 2,863 | 29,411 | ||||||
Bankia SA (a)(b) | 18,474 | 3,914 | ||||||
Bankinter SA | 6,184 | 29,953 | ||||||
Distribuidora Internacional de Alimentacion SA | 21,100 | 146,202 | ||||||
Ebro Puleva SA | 2,183 | 43,449 | ||||||
Enagas | 4,168 | 97,221 | ||||||
Gestevision Telecinco SA | 2,979 | 21,426 | ||||||
International Consolidated Airlines Group SA (b) | 10,622 | 40,838 | ||||||
Obrascon Huarte Lain SA | 917 | 30,192 | ||||||
Prosegur Cia de Seguridad SA | 4,566 | 25,212 | ||||||
Tecnicas Reunidas SA | 539 | 25,301 | ||||||
Viscofan SA | 759 | 39,867 | ||||||
Zardoya Otis SA | 2,523 | 33,791 | ||||||
597,524 | ||||||||
SWEDEN — 2.3% | ||||||||
Boliden AB | 5,414 | 87,347 |
See accompanying notes to financial statements.
201
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Castellum AB (a) | 6,837 | $ | 97,581 | |||||
Elekta AB (Class B) | 7,783 | 118,445 | ||||||
Great Portland Estates PLC | 5,336 | 40,180 | ||||||
Hakon Invest AB | 917 | 23,637 | ||||||
Holmen AB | 344 | 10,253 | ||||||
Hufvudstaden AB (a) | 2,570 | 32,333 | ||||||
Husqvarna AB (Class B) | 7,430 | 43,949 | ||||||
Lundbergforetagen AB | 692 | 27,608 | ||||||
Meda AB (Class A) | 4,443 | 52,787 | ||||||
Modern Times Group AB (Class B) | 2,509 | 100,059 | ||||||
Ratos AB (Class B) | 3,206 | 33,948 | ||||||
Securitas AB (Class B) | 6,472 | 61,067 | ||||||
SSAB AB, (Series A) | 5,645 | 43,115 | ||||||
SSAB AB | 687 | 4,520 | ||||||
Trelleborg AB (Class B) | 4,089 | 56,222 | ||||||
833,051 | ||||||||
SWITZERLAND — 4.3% | ||||||||
Aryzta AG (b) | 2,171 | 128,501 | ||||||
Baloise Holding AG | 1,539 | 144,482 | ||||||
Banque Cantonale Vaudoise | 95 | 53,171 | ||||||
Barry Callebaut AG (b) | 32 | 30,937 | ||||||
Basellandschaftliche Kantonalbank | 14 | 15,819 | ||||||
Clariant AG (b) | 6,956 | 96,963 | ||||||
DKSH Holding AG (b) | 472 | 42,368 | ||||||
Dufry Group (b) | 352 | 43,789 | ||||||
EMS-Chemie Holding AG | 178 | 53,666 | ||||||
Flughafen Zuerich AG | 207 | 96,565 | ||||||
Galenica AG | 166 | 100,359 | ||||||
GAM Holding AG (b) | 4,704 | 79,729 | ||||||
Helvetia Holding AG | 92 | 37,161 | ||||||
Lonza Group AG (b) | 1,155 | 75,134 | ||||||
OC Oerlikon Corp. AG (b) | 2,845 | 33,799 | ||||||
Panalpina Welttransport Holding AG | 439 | 38,803 | ||||||
Pargesa Holding SA | 477 | 32,465 | ||||||
PSP Swiss Property AG (b) | 803 | 73,351 | ||||||
Sika AG | 22 | 53,574 | ||||||
Sulzer AG | 516 | 88,384 | ||||||
Swiss Life Holding AG (b) | 472 | 70,131 | ||||||
Swiss Prime Site AG (b) | 2,051 | 166,449 | ||||||
1,555,600 | ||||||||
UNITED KINGDOM — 13.8% | ||||||||
3i Group PLC | 20,896 | 100,265 | ||||||
Afren PLC (b) | 18,489 | 39,810 | ||||||
African Barrick Gold, Ltd. | 1,031 | 3,023 | ||||||
Alent PLC (b) | 6,075 | 34,832 | ||||||
Amlin PLC | 12,042 | 77,438 | ||||||
Ashmore Group PLC | 4,638 | 24,649 | ||||||
Ashtead Group PLC | 8,547 | 76,117 | ||||||
Balfour Beatty PLC | 14,989 | 53,441 | ||||||
Barratt Developments PLC (b) | 16,575 | 68,986 | ||||||
Berkeley Group Holdings PLC | 4,418 | 136,921 | ||||||
Booker Group PLC | 24,449 | 45,106 | ||||||
Cairn Energy PLC (b) | 10,213 | 42,414 | ||||||
Capital & Counties Properties PLC | 9,621 | 39,780 | ||||||
Cobham PLC | 23,542 | 86,866 | ||||||
Daily Mail & General Trust PLC | 6,178 | 66,558 | ||||||
Derwent London PLC | 1,914 | 62,544 | ||||||
Direct Line Insurance Group PLC | 11,460 | 35,464 | ||||||
Drax Group PLC | 8,746 | 81,210 | ||||||
DS Smith PLC | 15,721 | 52,231 | ||||||
easyJet PLC (a) | 4,250 | 69,697 | ||||||
Halma PLC | 6,423 | 50,521 | ||||||
Hargreaves Lansdown PLC | 4,556 | 60,049 | ||||||
Hikma Pharmaceuticals PLC | 3,008 | 47,228 | ||||||
ICAP PLC | 9,206 | 40,595 | ||||||
IG Group Holdings PLC | 6,868 | 55,689 | ||||||
Imagination Technologies Group PLC (b) | 3,449 | 25,830 | ||||||
IMI PLC | 7,168 | 140,951 | ||||||
Inchcape PLC | 19,681 | 150,170 | ||||||
Informa PLC | 22,797 | 182,254 | ||||||
Inmarsat PLC | 15,086 | 160,924 | ||||||
Intu Properties PLC | 10,228 | 51,919 | ||||||
Invensys PLC | 19,152 | 102,017 | ||||||
Investec PLC | 21,123 | 147,221 | ||||||
Jardine Lloyd Thompson Group PLC | 2,862 | 36,983 | ||||||
John Wood Group PLC | 7,708 | 101,417 | ||||||
Ladbrokes PLC | 15,439 | 52,935 | ||||||
London Stock Exchange Group PLC | 4,969 | 98,540 | ||||||
Lonmin PLC (a)(b) | 3,671 | 16,215 | ||||||
Man Group PLC | 30,954 | 41,902 | ||||||
Meggitt PLC | 13,115 | 97,780 | ||||||
Melrose Industries PLC | 21,227 | 85,576 | ||||||
Mondi PLC | 6,500 | 88,237 | ||||||
Ophir Energy PLC (b) | 7,459 | 52,451 | ||||||
Pennon Group PLC | 7,919 | 74,913 | ||||||
Persimmon PLC | 5,098 | 82,752 | ||||||
Premier Oil PLC (b) | 9,797 | 57,824 | ||||||
Provident Financial PLC | 5,166 | 122,685 | ||||||
PZ Cussons PLC | 6,925 | 42,419 | ||||||
Rentokil Initial PLC | 34,864 | 53,045 | ||||||
Resolution, Ltd. | 23,341 | 96,580 | ||||||
Rightmove PLC | 2,272 | 61,443 | ||||||
Rotork PLC | 1,466 | 64,645 | ||||||
Segro PLC | 14,850 | 57,342 | ||||||
Serco Group PLC | 10,877 | 103,557 | ||||||
Shaftesbury PLC | 4,297 | 37,942 | ||||||
Spectris PLC | 2,555 | 95,284 | ||||||
Spirax-Sarco Engineering PLC | 1,322 | 53,939 | ||||||
St. James’s Place PLC | 4,506 | 34,758 | ||||||
Stagecoach Group PLC | 17,787 | 83,889 | ||||||
TalkTalk Telecom Group PLC | 10,974 | 45,391 | ||||||
Tate & Lyle PLC | 11,065 | 142,814 | ||||||
Taylor Wimpey PLC | 54,640 | 75,418 | ||||||
Telecity Group PLC | 3,406 | 46,728 | ||||||
Travis Perkins PLC | 5,452 | 120,371 | ||||||
Tui Travel PLC | 31,474 | 155,610 | ||||||
United Business Media PLC | 4,161 | 44,512 | ||||||
Vedanta Resources PLC | 1,936 | 29,544 | ||||||
Vesuvius PLC | 4,720 | 25,271 | ||||||
William Hill PLC | 24,212 | 135,993 | ||||||
5,029,425 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $33,229,618) | 36,065,828 | |||||||
See accompanying notes to financial statements.
202
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
RIGHTS — 0.0% (d) | ||||||||
UNITED KINGDOM — 0.0% (d) | ||||||||
William Hill PLC (expiring 4/4/13) (b) (Cost $0) | 5,155 | $ | 9,706 | |||||
PREFERRED STOCK — 0.1% | ||||||||
GERMANY — 0.1% | ||||||||
Fuchs Petrolub AG Preference Shares (Cost $39,340) | 607 | 51,116 | ||||||
SHORT TERM INVESTMENTS — 14.5% | ||||||||
UNITED STATES — 14.5% | ||||||||
MONEY MARKET FUNDS — 14.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 5,267,899 | 5,267,899 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (f)(g) | 13,651 | 13,651 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $5,281,550) | 5,281,550 | |||||||
TOTAL INVESTMENTS — 113.6% | ||||||||
(Cost $38,550,508) | 41,408,200 | |||||||
OTHER ASSETS & LIABILITIES — (13.6)% | (4,972,928 | ) | ||||||
NET ASSETS — 100.0% | $ | 36,435,272 | ||||||
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(b) | Non-income producing security. | |||||
(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. Securities’ values are 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. |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
SCA = Societe en Commandite par Actions
SDR = Swedish Depositary Receipt
See accompanying notes to financial statements.
203
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 100.1% | ||||||||
BRAZIL — 7.3% | ||||||||
Aliansce Shopping Centers SA | 143,175 | $ | 1,704,168 | |||||
American Banknote SA | 115,811 | 2,240,002 | ||||||
Arezzo Industria e Comercio SA | 65,144 | 1,314,608 | ||||||
B2W Companhia Global do Varejo (a) | 145,100 | 1,072,229 | ||||||
Banco ABC Brasil SA Preference Shares | 84,930 | 688,673 | ||||||
Banco Panamericano SA Preference Shares (a) | 222,000 | 777,306 | ||||||
Brasil Brokers Participacoes SA | 370,709 | 1,323,731 | ||||||
Brasil Insurance Participacoes e Administracao SA | 100,052 | 1,111,496 | ||||||
Brookfield Incorporacoes SA | 484,833 | 603,532 | ||||||
Centrais Eletricas de Santa Catarina SA Preference Shares | 63,730 | 755,398 | ||||||
Cia Energetica do Ceara Preference Shares | 52,073 | 1,291,269 | ||||||
Contax Participacoes SA Preference Shares | 96,037 | 1,257,409 | ||||||
Cremer SA | 110,419 | 704,785 | ||||||
Cyrela Commercial Properties SA Empreendimentos e Participacoes | 28,408 | 349,544 | ||||||
Direcional Engenharia SA | 78,669 | 565,725 | ||||||
Eletropaulo Metropolitana SA Preference Shares | 147,380 | 722,884 | ||||||
Equatorial Energia SA | 69,977 | 704,507 | ||||||
Estacio Participacoes SA | 99,861 | 2,174,175 | ||||||
Eternit SA | 214,275 | 946,855 | ||||||
Even Construtora e Incorporadora SA | 410,072 | 1,993,060 | ||||||
Ez Tec Empreendimentos e Participacoes SA | 181,422 | 2,441,034 | ||||||
Ferbasa-Ferro Ligas DA Bahia Preference Shares | 137,828 | 799,756 | ||||||
Fleury SA | 93,547 | 886,130 | ||||||
Gafisa SA (a) | 681,626 | 1,365,720 | ||||||
Gol Linhas Aereas Inteligentes SA Preference Shares (a) | 136,163 | 796,847 | ||||||
Grendene SA | 119,916 | 1,278,049 | ||||||
Helbor Empreendimentos SA | 91,784 | 614,518 | ||||||
HRT Participacoes em Petroleo SA (a) | 390,192 | 644,402 | ||||||
Iguatemi Empresa de Shopping Centers SA | 129,160 | 1,633,437 | ||||||
International Meal Co. Holdings SA | 117,825 | 1,490,087 | ||||||
Iochpe-Maxion SA | 132,022 | 1,738,381 | ||||||
JHSF Participacoes SA | 162,415 | 620,227 | ||||||
Kroton Educacional SA | 280,946 | 3,615,716 | ||||||
LLX Logistica SA (a) | 529,133 | 551,085 | ||||||
Log-in Logistica Intermodal SA (a) | 97,156 | 452,930 | ||||||
LPS Brasil Consultoria de I moveis SA | 60,492 | 1,076,727 | ||||||
Magazine Luiza SA | 99,018 | 449,825 | ||||||
Magnesita Refratarios SA | 400,404 | 1,429,766 | ||||||
Mahle-Metal Leve SA | 43,699 | 606,825 | ||||||
Marfrig Alimentos SA (a) | 186,502 | 780,657 | ||||||
Mills Estruturas e Servicos de Engenharia SA | 146,946 | 2,375,798 | ||||||
MMX Mineracao e Metalicos SA (a) | 411,536 | 451,060 | ||||||
OSX Brasil SA (a) | 78,005 | 161,708 | ||||||
Paranapanema SA (a) | 268,645 | 739,445 | ||||||
PDG Realty SA Empreendimentos e Participacoes | 1,813,004 | 2,796,361 | ||||||
QGEP Participacoes SA | 109,449 | 650,826 | ||||||
Randon SA Implementos e Participacoes Preference Shares | 568,345 | 3,551,540 | ||||||
Refinaria de Petroleos de Manguinhos SA (a) | 750,927 | 100,553 | ||||||
Restoque Comercio e Confeccoes de Roupas SA | 137,924 | 637,514 | ||||||
Rossi Residencial SA | 451,100 | 689,061 | ||||||
Sao Martinho SA | 120,422 | 1,699,113 | ||||||
Saraiva SA Livreiros Editores Preference Shares | 63,100 | 879,366 | ||||||
SLC Agricola SA | 113,316 | 1,047,541 | ||||||
Sonae Sierra Brasil SA | 31,762 | 438,699 | ||||||
Suzano Papel e Celulose SA (a) | 408,148 | 1,568,749 | ||||||
Tecnisa SA | 166,151 | 696,296 | ||||||
Tegma Gestao Logistica SA | 35,200 | 558,633 | ||||||
Tempo Participacoes SA (a) | 451,635 | 783,952 | ||||||
Vanguarda Agro SA (a) | 2,648,700 | 564,853 | ||||||
65,964,543 | ||||||||
CHILE — 2.8% | ||||||||
Administradora de Fondos de Pensiones Provida SA | 264,131 | 1,847,097 | ||||||
AFP Habitat SA | 94,634 | 183,551 | ||||||
Almendral SA | 13,148,436 | 2,121,030 | ||||||
Besalco SA | 652,319 | 1,215,450 | ||||||
Companhia Sudamericana de Vapores SA (a) | 10,059,537 | 1,018,215 | ||||||
Compania General de Electricidad SA | 50,000 | 314,785 | ||||||
Cruz Blanca Salud SA | 1,307,179 | 1,637,611 | ||||||
Empresas La Polar SA (a) | 2,884,905 | 1,171,085 | ||||||
Inversiones Aguas Metropolitanas SA | 802,606 | 1,692,831 | ||||||
Inversiones La Construccion SA | 42,406 | 822,951 | ||||||
Masisa SA | 12,041,162 | 1,212,412 | ||||||
Norte Grande SA | 17,312,755 | 187,165 | ||||||
Parque Arauco SA | 1,319,786 | 3,410,321 | ||||||
Ripley Corp. SA | 1,561,499 | 1,787,407 | ||||||
Salfacorp SA | 658,104 | 1,444,132 | ||||||
Sociedad Matriz SAAM SA (a) | 10,832,150 | 1,239,928 | ||||||
Socovesa SA | 913,436 | 455,024 | ||||||
Vina Concha y Toro SA | 1,585,386 | 3,162,370 | ||||||
24,923,365 | ||||||||
CHINA — 7.5% | ||||||||
51job, Inc. ADR (a)(b) | 15,023 | 892,516 | ||||||
Anhui Expressway Co., Ltd. (b) | 3,004,000 | 1,536,315 | ||||||
Anta Sports Products, Ltd. (b) | 1,189,000 | 1,017,044 | ||||||
AsiaInfo-Linkage, Inc. (a)(b) | 84,333 | 1,001,033 | ||||||
AutoNavi Holdings, Ltd. ADR (a)(b) | 24,024 | 257,537 | ||||||
BYD Co., Ltd. (a)(b) | 1,132,500 | 3,610,800 | ||||||
BYD Electronic International Co., Ltd. | 1,501,000 | 460,201 | ||||||
Camelot Information Systems, Inc. ADR (a) | 58,688 | 99,770 |
See accompanying notes to financial statements.
204
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
China Agri-Industries Holdings, Ltd. (b) | 2,593,200 | $ | 1,339,585 | |||||
China Automation Group, Ltd. | 1,151,000 | 259,480 | ||||||
China Datang Corp. Renewable Power Co., Ltd. | 1,122,000 | 211,026 | ||||||
China Green Holdings, Ltd. (a)(b) | 2,520,000 | 435,006 | ||||||
China Hongxing Sports, Ltd. (a)(b)(c) | 4,758,000 | 0 | ||||||
China Huiyuan Juice Group, Ltd. (a) | 3,348,900 | 1,678,192 | ||||||
China Liansu Group Holdings (b) | 1,680,810 | 952,711 | ||||||
China Minzhong Food Corp., Ltd. (a)(b) | 1,459,000 | 1,411,253 | ||||||
China Molybdenum Co., Ltd. (b) | 1,697,000 | 743,277 | ||||||
China National Accord Medicines Corp., Ltd. | 185,782 | 824,964 | ||||||
China SCE Property Holdings, Ltd. | 2,630,000 | 636,947 | ||||||
China Shanshui Cement Group, Ltd. | 2,256,000 | 1,296,176 | ||||||
China Shipping Development Co., Ltd. (b) | 2,660,000 | 1,291,853 | ||||||
China Suntien Green Energy Corp., Ltd. | 2,960,000 | 808,384 | ||||||
China Vanadium Titano — Magnetite Mining Co., Ltd. | 2,207,000 | 508,915 | ||||||
China Wireless Technologies, Ltd. | 2,308,000 | 758,169 | ||||||
Chongqing Machinery & Electric Co., Ltd. | 3,360,000 | 476,126 | ||||||
Danhua Chemical Technology Co., Ltd. (a) | 319,000 | 280,401 | ||||||
Dongyue Group (b) | 1,547,000 | 896,794 | ||||||
Double Coin Holdings, Ltd. | 796,700 | 596,728 | ||||||
E-Commerce China Dangdang, Inc. ADR (a)(b) | 64,230 | 266,554 | ||||||
E-House China Holdings, Ltd. (b) | 106,812 | 496,676 | ||||||
First Tractor Co., Ltd. (a) | 1,132,500 | 1,008,106 | ||||||
Giant Interactive Group, Inc. ADR (b) | 215,567 | 1,401,185 | ||||||
Great Wall Technology Co., Ltd. | 1,580,000 | 293,096 | ||||||
Guangzhou Automobile Group Co., Ltd. (b) | 2,156,000 | 1,824,753 | ||||||
Haitian International Holdings, Ltd. | 1,060,000 | 1,649,540 | ||||||
Hangzhou Steam Turbine Co. | 938,450 | 1,549,848 | ||||||
Harbin Electric Co., Ltd. (b) | 2,194,000 | 1,783,430 | ||||||
Home Inns & Hotels Management, Inc. ADR (a) | 51,709 | 1,540,411 | ||||||
Huangshan Tourism Development Co., Ltd. | 452,800 | 666,522 | ||||||
Hunan Non-Ferrous Metal Corp., Ltd. (a)(b) | 3,366,000 | 1,014,659 | ||||||
Jiangsu Future Land Co., Ltd. | 1,011,100 | 797,758 | ||||||
Kingsoft Corp., Ltd. | 1,455,000 | 1,338,293 | ||||||
LDK Solar Co., Ltd. ADR (a)(b) | 86,920 | 95,612 | ||||||
Livzon Pharmaceutical, Inc. Class B | 174,700 | 866,450 | ||||||
Lonking Holdings, Ltd. (b) | 4,239,000 | 966,555 | ||||||
MIE Holdings Corp. | 3,554,754 | 879,226 | ||||||
Peak Sport Products Co., Ltd. (b) | 2,099,000 | 337,997 | ||||||
Ports Design, Ltd. (b) | 1,296,000 | 1,083,527 | ||||||
Real Gold Mining, Ltd. (a)(b)(c) | 251,500 | 0 | ||||||
Renren, Inc. ADR (a)(b) | 209,148 | 604,438 | ||||||
REXLot Holdings, Ltd. (b) | 7,900,000 | 692,032 | ||||||
Semiconductor Manufacturing International Corp. (a)(b) | 39,890,000 | 2,363,806 | ||||||
Shanghai Chlor-Alkali Chemical Co., Ltd. (a) | 361,300 | 187,876 | ||||||
Shanghai Dajiang Group, Class B (a) | 1,361,800 | 389,475 | ||||||
Shanghai Diesel Engine Co., Ltd. Class B | 402,560 | 309,971 | ||||||
Shanghai Haixin Group Co. (a) | 706,700 | 327,202 | ||||||
Shanghai Highly Group Co., Ltd. | 357,700 | 208,539 | ||||||
Shenguan Holdings Group, Ltd. (b) | 2,576,010 | 1,337,342 | ||||||
Sinofert Holdings, Ltd. (b) | 2,808,000 | 712,612 | ||||||
Sohu.com, Inc. (a)(b) | 40,293 | 1,998,936 | ||||||
Sound Global, Ltd. (b) | 1,855,000 | 822,384 | ||||||
Suntech Power Holdings Co., Ltd. ADR (a)(b) | 136,184 | 53,112 | ||||||
TCL Communication Technology Holdings, Ltd. | 1,164,000 | 343,383 | ||||||
Tong Ren Tang Technologies Co., Ltd. (b) | 1,109,000 | 3,778,742 | ||||||
Travelsky Technology, Ltd. | 1,967,500 | 1,295,167 | ||||||
WuXi PharmaTech Cayman, Inc. ADR (a) | 119,522 | 2,053,388 | ||||||
Xinjiang Xinxin Mining Industry Co., Ltd. (b) | 4,191,000 | 869,228 | ||||||
Xinyi Glass Holdings Co., Ltd. (b) | 2,168,000 | 1,530,488 | ||||||
Youku Tudou, Inc. ADR (a)(b) | 101,539 | 1,702,809 | ||||||
Zhejiang Southeast Electric Power Co. | 2,204,233 | 1,635,541 | ||||||
67,357,872 | ||||||||
CZECH REPUBLIC — 0.4% | ||||||||
New World Resources PLC | 92,968 | 322,987 | ||||||
Philip Morris CR AS | 5,475 | 3,083,769 | ||||||
3,406,756 | ||||||||
EGYPT — 1.1% | ||||||||
Arab Cotton Ginning | 459,386 | 242,420 | ||||||
Citadel Capital Corp./Cairo (a) | 601,448 | 289,980 | ||||||
Eastern Tobacco | 56,164 | 792,466 | ||||||
Egyptian Financial Group-Hermes Holding (a) | 638,959 | 943,920 | ||||||
Egyptian for Tourism Resorts (a) | 4,636,727 | 633,856 | ||||||
Egyptian Kuwait Holding Co. | 943,501 | 1,132,201 | ||||||
ElSwedy Electric Co. | 194,904 | 544,914 | ||||||
Ezz Steel | 789,787 | 1,065,735 | ||||||
Juhayna Food Industries | 740,444 | 852,217 | ||||||
Maridive & Oil Services SAE (a) | 360,763 | 400,447 | ||||||
Orascom Telecom Media & Technology Holding SAE | 4,814,128 | 509,503 | ||||||
Sidi Kerir Petrochemicals Co. | 181,349 | 356,404 | ||||||
Six of October Development & Investment Co. (a) | 251,652 | 715,407 | ||||||
Talaat Moustafa Group (a) | 1,884,898 | 1,044,541 | ||||||
9,524,011 | ||||||||
HONG KONG — 11.2% | ||||||||
361 Degrees International, Ltd. (b) | 1,808,000 | 524,048 | ||||||
Ajisen China Holdings, Ltd. (b) | 581,000 | 460,300 | ||||||
Anton Oilfield Services Group (b) | 1,002,000 | 697,030 | ||||||
Anxin-China Holdings, Ltd. | 2,960,000 | 644,419 |
See accompanying notes to financial statements.
205
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Asian Citrus Holdings, Ltd. | 1,297,833 | $ | 670,430 | |||||
AviChina Industry & Technology Co. | 1,776,000 | 871,682 | ||||||
Baoxin Auto Group, Ltd. (a)(b) | 979,500 | 757,087 | ||||||
Beijing Capital Land, Ltd. | 2,212,400 | 815,116 | ||||||
Beijing Enterprises Water Group, Ltd. (b) | 2,928,000 | 871,311 | ||||||
Biostime International Holdings, Ltd. | 170,000 | 885,844 | ||||||
Boshiwa International Holding, Ltd. (a)(b)(c) | 1,843,000 | 0 | ||||||
CGN Mining Co., Ltd. (a) | 3,140,000 | 299,331 | ||||||
Chailease Holding Co., Ltd. | 768,000 | 2,129,160 | ||||||
Chaowei Power Holdings, Ltd. | 617,000 | 300,446 | ||||||
China Dongxiang Group Co. (b) | 4,188,000 | 647,408 | ||||||
China Everbright International, Ltd. (b) | 4,051,000 | 2,906,748 | ||||||
China Forestry Holdings, Ltd. (a)(c) | 1,642,000 | 0 | ||||||
China High Precision Automation Group, Ltd. (b)(d) | 1,226,000 | 0 | ||||||
China High Speed Transmission Equipment Group Co., Ltd. (a)(b) | 1,868,000 | 878,334 | ||||||
China Lilang, Ltd. (b) | 1,225,000 | 760,629 | ||||||
China Lumena New Materials Corp. (b) | 5,912,000 | 1,271,865 | ||||||
China Medical System Holdings, Ltd. | 732,300 | 743,370 | ||||||
China Metal Recycling Holdings, Ltd. (b)(d) | 1,109,932 | 1,146,729 | ||||||
China Modern Dairy Holdings, Ltd. (a)(b) | 2,600,000 | 867,487 | ||||||
China National Materials Co., Ltd. (b) | 2,357,000 | 628,521 | ||||||
China Oil and Gas Group, Ltd. (a)(b) | 2,680,000 | 528,222 | ||||||
China Pharmaceutical Group, Ltd. (a)(b) | 1,490,000 | 635,337 | ||||||
China Power International Development, Ltd. (b) | 11,448,000 | 3,686,885 | ||||||
China Precious Metal Resources Holdings Co., Ltd. (a)(b)(d) | 3,426,000 | 622,295 | ||||||
China Rare Earth Holdings, Ltd. | 970,000 | 172,441 | ||||||
China Rongsheng Heavy Industries Group Holdings, Ltd. (b) | 4,570,000 | 741,783 | ||||||
China Shineway Pharmaceutical Group, Ltd. (b) | 669,000 | 1,201,376 | ||||||
China Travel International Investment Hong Kong, Ltd. | 12,900,000 | 2,509,323 | ||||||
China Yurun Food Group, Ltd. (a)(b) | 1,964,000 | 1,345,994 | ||||||
China ZhengTong Auto Services Holdings, Ltd. (a)(b) | 1,319,500 | 861,802 | ||||||
Chinasoft International, Ltd. (a)(b) | 1,700,000 | 381,055 | ||||||
CIMC Enric Holdings, Ltd. (b) | 1,081,000 | 1,164,185 | ||||||
Citic Resources Holdings, Ltd. (a) | 6,069,000 | 813,093 | ||||||
Comba Telecom Systems Holdings, Ltd. (b) | 1,290,984 | 437,388 | ||||||
Cosco International Holdings, Ltd. | 660,000 | 281,425 | ||||||
Dah Chong Hong Holdings, Ltd. (b) | 573,000 | 542,540 | ||||||
Digital China Holdings, Ltd. (b) | 1,152,000 | 1,558,231 | ||||||
Fufeng Group, Ltd. (b) | 1,428,000 | 509,563 | ||||||
Global Bio-Chem Technology Group Co., Ltd. | 3,792,000 | 327,290 | ||||||
Glorious Property Holdings, Ltd. (a)(b) | 4,017,000 | 636,498 | ||||||
GOME Electrical Appliances Holding, Ltd. (a)(b) | 15,923,000 | 1,743,548 | ||||||
Greatview Aseptic Packaging Co., Ltd. | 1,168,048 | 782,445 | ||||||
Hengdeli Holdings, Ltd. (b) | 3,444,000 | 962,749 | ||||||
Hidili Industry International Development, Ltd. (b) | 1,792,000 | 397,060 | ||||||
Honghua Group, Ltd. (b) | 1,723,000 | 801,277 | ||||||
Hua Han Bio-Pharmaceutical Holdings, Ltd. | 2,930,112 | 845,517 | ||||||
Huabao International Holdings, Ltd. (b) | 2,341,000 | 1,016,299 | ||||||
Ju Teng International Holdings, Ltd. (b) | 1,532,000 | 963,094 | ||||||
Kaisa Group Holdings, Ltd. (a)(b) | 4,880,000 | 1,376,746 | ||||||
Kingboard Chemical Holdings, Ltd. (b) | 649,500 | 1,849,104 | ||||||
Kingboard Laminates Holdings, Ltd. (b) | 1,846,500 | 813,515 | ||||||
Kingdee International Software Group Co., Ltd. (a)(b) | 2,204,000 | 363,422 | ||||||
Kingway Brewery Holdings, Ltd. | 2,310,000 | 910,591 | ||||||
KWG Property Holding, Ltd. | 2,119,500 | 1,326,966 | ||||||
Lee & Man Paper Manufacturing, Ltd. (b) | 1,474,000 | 1,154,492 | ||||||
Li Ning Co., Ltd. (a)(b) | 1,173,500 | 690,859 | ||||||
Lianhua Supermarket Holdings Co., Ltd. (b) | 837,000 | 667,431 | ||||||
Lijun International Pharmaceutical Holding, Ltd. | 2,722,000 | 831,049 | ||||||
Maoye International Holdings, Ltd. | 1,984,000 | 472,828 | ||||||
Minth Group, Ltd. (b) | 1,164,000 | 1,715,414 | ||||||
Newocean Energy Holdings, Ltd. (b) | 1,402,000 | 800,095 | ||||||
NVC Lighting Holdings, Ltd. (b) | 4,074,000 | 939,429 | ||||||
Pacific Online, Ltd. | 1,654,100 | 622,207 | ||||||
PCD Stores, Ltd. (b) | 5,265,000 | 793,550 | ||||||
Poly Hong Kong Investments, Ltd. (a) | 2,816,000 | 1,781,165 | ||||||
Real Nutriceutical Group, Ltd. (b) | 1,080,000 | 265,734 | ||||||
Sany Heavy Equipment International Holdings Co., Ltd. (b) | 862,000 | 398,650 | ||||||
Shenzhen International Holdings, Ltd. | 43,092,500 | 5,162,673 | ||||||
Shenzhen Investment, Ltd. (b) | 5,613,698 | 2,249,052 | ||||||
Shougang Concord International Enterprises Co., Ltd. (a)(b) | 16,768,000 | 928,837 | ||||||
Shougang Fushan Resources Group, Ltd. (b) | 3,936,000 | 1,754,370 | ||||||
Sichuan Expressway Co., Ltd. (b) | 1,698,000 | 549,037 | ||||||
Sino Biopharmaceutical | 4,444,000 | 3,102,868 | ||||||
Sinopec Kantons Holdings, Ltd. | 668,000 | 586,022 | ||||||
Sinotrans Shipping, Ltd. | 3,818,500 | 1,018,247 | ||||||
Sinotrans, Ltd. | 1,933,000 | 403,401 | ||||||
Sinotruk Hong Kong, Ltd. (b) | 958,500 | 517,364 | ||||||
Skyworth Digital Holdings, Ltd. | 2,901,770 | 1,947,559 | ||||||
Springland International Holdings, Ltd. (b) | 1,790,000 | 903,918 |
See accompanying notes to financial statements.
206
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Sunac China Holdings, Ltd. | 2,330,000 | $ | 1,641,849 | |||||
Sunny Optical Technology Group Co., Ltd. | 619,000 | 714,478 | ||||||
TCL Multimedia Technology Holdings, Ltd. | 618,000 | 479,264 | ||||||
Tech Pro Technology Development, Ltd. (a) | 2,908,000 | 1,112,605 | ||||||
The United Laboratories International Holdings, Ltd. (a)(b) | 1,116,500 | 496,213 | ||||||
Tiangong International Co., Ltd. | 1,646,000 | 479,213 | ||||||
Tianjin Port Development Holdings, Ltd. | 7,148,000 | 1,058,942 | ||||||
Tianneng Power International, Ltd. | 1,588,000 | 1,061,715 | ||||||
TPV Technology, Ltd. (b) | 2,268,000 | 642,770 | ||||||
United Energy Group, Ltd. (a)(b) | 7,488,000 | 1,244,359 | ||||||
Vinda International Holdings, Ltd. (b) | 838,000 | 1,196,117 | ||||||
VODone, Ltd. | 4,058,999 | 298,046 | ||||||
Wasion Group Holdings, Ltd. | 1,305,000 | 748,101 | ||||||
West China Cement, Ltd. (b) | 4,560,000 | 751,908 | ||||||
Winsway Coking Coal Holding, Ltd. (b) | 3,673,018 | 425,849 | ||||||
Yashili International Holdings, Ltd. | 4,205,000 | 1,424,662 | ||||||
Yingde Gases (b) | 2,144,500 | 2,389,638 | ||||||
Yip’s Chemical Holdings, Ltd. | 892,059 | 956,108 | ||||||
Yuexiu Transport Infrastructure, Ltd. | 2,006,549 | 1,049,460 | ||||||
101,313,902 | ||||||||
HUNGARY — 0.2% | ||||||||
Egis Gyogyszergyar Nyrt | 12,170 | 924,035 | ||||||
Magyar Telekom Telecommunications PLC (b) | 289,943 | 505,113 | ||||||
1,429,148 | ||||||||
INDIA — 6.5% | ||||||||
Adani Power, Ltd. (a) | 200,000 | 149,586 | ||||||
Amtek Auto, Ltd. | 472,010 | 557,119 | ||||||
Anant Raj, Ltd. | 622,061 | 718,775 | ||||||
Apollo Hospitals Enterprise, Ltd. | 81,386 | 1,256,205 | ||||||
Arvind, Ltd. | 228,150 | 324,699 | ||||||
Ashok Leyland, Ltd. | 815,546 | 327,869 | ||||||
Aurobindo Pharma, Ltd. | 358,494 | 962,690 | ||||||
Bajaj Holdings and Investment, Ltd. | 69,265 | 1,162,530 | ||||||
Balrampur Chini Mills, Ltd. (a) | 535,429 | 429,525 | ||||||
Bharat Forge, Ltd. | 474,717 | 1,808,903 | ||||||
Bhushan Steel, Ltd. | 186,370 | 1,571,372 | ||||||
Biocon, Ltd. | 159,810 | 804,637 | ||||||
Core Education & Technologies, Ltd. | 160,024 | 151,191 | ||||||
Coromandel International, Ltd. | 203,676 | 693,098 | ||||||
Cox & Kings, Ltd. | 74,865 | 176,522 | ||||||
Crompton Greaves, Ltd. | 257,828 | 444,973 | ||||||
Dewan Housing Finance Corp., Ltd. | 181,728 | 542,008 | ||||||
Dish TV India, Ltd. (a) | 446,567 | 551,327 | ||||||
Educomp Solutions, Ltd. | 199,537 | 230,560 | ||||||
Era Infra Engineering, Ltd. | 326,092 | 806,080 | ||||||
Federal Bank, Ltd. | 191,111 | 1,690,110 | ||||||
Financial Technologies India, Ltd. | 45,685 | 598,990 | ||||||
Fortis Healthcare, Ltd. (a) | 304,772 | 562,160 | ||||||
Gateway Distriparks, Ltd. | 298,627 | 680,221 | ||||||
Glenmark Pharmaceuticals, Ltd. | 456,194 | 3,885,413 | ||||||
GMR Infrastructure, Ltd. (a) | 1,258,388 | 500,114 | ||||||
Godrej Industries, Ltd. | 213,896 | 1,157,439 | ||||||
Gujarat NRE Coke, Ltd. | 1,074,653 | 331,195 | ||||||
GVK Power & Infrastructure, Ltd. (a) | 2,118,070 | 356,584 | ||||||
Hexaware Technologies, Ltd. | 266,782 | 415,021 | ||||||
Hindustan Construction Co. (a) | 944,682 | 237,257 | ||||||
Hindustan Petroleum Corp., Ltd. | 96,789 | 507,897 | ||||||
Housing Development & Infrastructure, Ltd. (a) | 554,552 | 471,395 | ||||||
IFCI, Ltd. | 1,314,197 | 631,105 | ||||||
India Cements, Ltd. | 801,302 | 1,233,283 | ||||||
India Infoline, Ltd. | 542,896 | 605,826 | ||||||
Indiabulls Financial Services, Ltd. (d) | 559,314 | 2,797,085 | ||||||
Indiabulls Real Estate, Ltd. (a) | 621,381 | 623,668 | ||||||
Indian Hotels Co., Ltd. | 893,714 | 880,559 | ||||||
IVRCL Infrastructures & Projects, Ltd. (a) | 987,384 | 349,717 | ||||||
Jain Irrigation Systems, Ltd. | 320,180 | 361,418 | ||||||
Jaiprakash Power Ventures, Ltd. (a) | 200,000 | 96,044 | ||||||
JSW Energy, Ltd. | 635,471 | 639,563 | ||||||
Jubilant Foodworks, Ltd. (a) | 40,020 | 918,177 | ||||||
Mahindra & Mahindra Financial Services, Ltd. | 467,160 | 1,676,103 | ||||||
Manappuram Finance, Ltd. | 542,812 | 215,727 | ||||||
MAX India, Ltd. | 569,332 | 2,346,989 | ||||||
McLeod Russel India, Ltd. | 101,141 | 651,415 | ||||||
Motherson Sumi Systems, Ltd. | 441,721 | 1,577,923 | ||||||
Mphasis, Ltd. | 123,995 | 893,403 | ||||||
Nagarjuna Construction Co., Ltd. | 894,330 | 546,306 | ||||||
Opto Circuits India, Ltd. | 273,980 | 302,210 | ||||||
Parsvnath Developers, Ltd. (a) | 190,515 | 138,987 | ||||||
Pipavav Defence & Offshore Engineering Co., Ltd. (a) | 210,446 | 284,402 | ||||||
Piramal Healthcare, Ltd. | 87,978 | 989,530 | ||||||
PTC India, Ltd. | 341,577 | 376,772 | ||||||
Punj Lloyd, Ltd. | 791,316 | 811,699 | ||||||
Rajesh Exports, Ltd. | 425,460 | 956,991 | ||||||
REI Agro, Ltd. | 1,972,013 | 366,464 | ||||||
Reliance Capital, Ltd. | 122,024 | 702,059 | ||||||
Reliance Communications, Ltd. | 772,058 | 785,553 | ||||||
Rolta India, Ltd. | 327,539 | 397,145 | ||||||
Shree Renuka Sugars, Ltd. (a) | 851,840 | 347,946 | ||||||
Sintex Industries, Ltd. | 629,090 | 533,019 | ||||||
Strides Arcolab, Ltd. | 99,742 | 1,600,276 | ||||||
Suzlon Energy, Ltd. (a) | 1,707,794 | 427,341 | ||||||
Tata Chemicals, Ltd. | 181,594 | 1,074,529 | ||||||
Tata Global Beverages, Ltd. | 562,166 | 1,322,409 | ||||||
Thermax, Ltd. | 78,866 | 817,827 | ||||||
Unitech, Ltd. (a) | 2,090,913 | 905,998 | ||||||
United Phosphorus, Ltd. | 918,348 | 1,983,699 | ||||||
Videocon Industries, Ltd. | 156,655 | 586,556 | ||||||
Voltas, Ltd. | 275,911 | 382,519 | ||||||
Welspun Corp., Ltd. | 476,981 | 441,877 | ||||||
58,643,584 | ||||||||
INDONESIA — 4.7% | ||||||||
AKR Corporindo Tbk PT | 3,452,000 | 1,776,177 | ||||||
Alam Sutera Realty Tbk PT | 32,980,500 | 3,631,503 | ||||||
Aneka Tambang Persero Tbk PT | 2,840,000 | 400,391 | ||||||
Bakrie and Brothers Tbk PT (a)(d) | 184,600,500 | 474,918 | ||||||
Bakrie Sumatera Plantations Tbk PT | 16,679,500 | 169,927 |
See accompanying notes to financial statements.
207
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Bakrieland Development Tbk PT (a) | 69,665,000 | $ | 401,465 | |||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 11,263,500 | 1,495,232 | ||||||
Bank Tabungan Negara Tbk PT | 8,201,686 | 1,434,820 | ||||||
Barito Pacific Tbk PT (a) | 5,490,000 | 245,758 | ||||||
Bhakti Investama Tbk PT | 23,155,500 | 1,191,433 | ||||||
Bisi International PT | 3,102,000 | 274,527 | ||||||
Bumi Resources Minerals Tbk PT (a) | 11,424,500 | 387,969 | ||||||
Bumi Resources Tbk PT | 23,066,500 | 1,637,858 | ||||||
Bumi Serpong Damai PT | 9,198,000 | 1,656,445 | ||||||
BW Plantation Tbk PT | 5,375,000 | 735,657 | ||||||
Ciputra Development Tbk PT | 14,499,000 | 1,611,414 | ||||||
Citra Marga Nusaphala Persada Tbk PT | 1,028,500 | 193,687 | ||||||
Darma Henwa PT Tbk (a)(d) | 77,531,542 | 199,464 | ||||||
Delta Dunia Makmur Tbk PT (a) | 7,482,500 | 161,701 | ||||||
Energi Mega Persada Tbk PT (a) | 61,706,000 | 634,999 | ||||||
Erajaya Swasembada Tbk PT (a) | 1,881,500 | 658,307 | ||||||
Gajah Tunggal Tbk PT | 3,652,500 | 939,671 | ||||||
Garda Tujuh Buana Tbk PT (a) | 1,701,000 | 1,024,013 | ||||||
Garuda Indonesia Tbk PT (a) | 17,584,000 | 1,176,187 | ||||||
Harum Energy Tbk PT | 1,724,500 | 851,824 | ||||||
Indah Kiat Pulp & Paper Corp. Tbk PT (a) | 4,651,500 | 421,232 | ||||||
Indika Energy Tbk PT | 4,116,500 | 516,813 | ||||||
Indosiar Karya Media Tbk PT (a) | 2,236,590 | 299,209 | ||||||
Intiland Development Tbk PT | 10,351,500 | 617,841 | ||||||
Japfa Comfeed Indonesia Tbk PT | 2,040,000 | 1,983,844 | ||||||
Kawasan Industri Jababeka Tbk PT (a) | 48,034,500 | 1,482,928 | ||||||
Matahari Putra Prima Tbk PT | 1,678,500 | 314,368 | ||||||
Medco Energi Internasional Tbk PT | 3,201,500 | 533,721 | ||||||
Mitra Adiperkasa Tbk PT | 1,774,500 | 1,661,739 | ||||||
MNC Sky Vision Tbk PT (a) | 1,711,000 | 387,363 | ||||||
Modernland Realty Tbk PT (a) | 5,485,500 | 570,142 | ||||||
Multistrada Arah Sarana Tbk PT | 3,777,000 | 147,698 | ||||||
Pakuwon Jati Tbk PT | 34,956,900 | 1,384,966 | ||||||
Pembangunan Perumahan Persero PT Tbk | 8,337,000 | 1,029,524 | ||||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 5,663,500 | 1,124,832 | ||||||
Ramayana Lestari Sentosa Tbk PT | 2,913,500 | 416,750 | ||||||
Sentul City Tbk PT (a) | 23,977,000 | 764,895 | ||||||
Summarecon Agung Tbk PT | 10,642,000 | 2,710,466 | ||||||
Surya Semesta Internusa Tbk PT | 6,027,000 | 1,004,758 | ||||||
Timah Tbk PT | 4,947,000 | 727,987 | ||||||
Trada Maritime Tbk PT (a) | 8,832,500 | 1,263,409 | ||||||
42,729,832 | ||||||||
MALAYSIA — 4.3% | ||||||||
Aeon Co. M Bhd | 333,300 | 1,358,387 | ||||||
Affin Holdings Bhd | 343,600 | 378,387 | ||||||
Berjaya Corp. Bhd | 5,203,400 | 882,217 | ||||||
Berjaya Sports Toto Bhd | 1,571,053 | 2,090,340 | ||||||
Boustead Holdings Bhd | 813,660 | 1,347,998 | ||||||
Bursa Malaysia Bhd | 1,251,173 | 2,808,220 | ||||||
CapitaMalls Malaysia Trust | 116,300 | 70,986 | ||||||
Carlsberg Brewery Malay Bhd | 50,000 | 222,832 | ||||||
Dialog Group Bhd | 3,263,720 | 2,487,447 | ||||||
DRB-Hicom Bhd | 1,663,700 | 1,359,329 | ||||||
Eastern & Oriental Bhd | 1,499,600 | 765,176 | ||||||
Gas Malaysia Bhd | 358,600 | 333,528 | ||||||
HAP Seng Consolidated Bhd | 989,100 | 552,606 | ||||||
IGB Corp. Bhd | 4,247,167 | 3,086,106 | ||||||
KLCC Property Holdings Bhd | 396,500 | 842,554 | ||||||
KNM Group Bhd (a) | 6,226,755 | 955,178 | ||||||
KPJ Healthcare Bhd | 681,200 | 1,306,742 | ||||||
Malaysia Building Society Bhd | 859,600 | 760,634 | ||||||
Malaysian Bulk Carriers Bhd | 860,400 | 452,915 | ||||||
Malaysian Resources Corp. Bhd | 2,156,300 | 995,805 | ||||||
Media Prima Bhd | 2,136,100 | 1,655,624 | ||||||
Multi-Purpose Holdings Bhd | 1,959,300 | 2,290,543 | ||||||
Oriental Holdings Bhd | 255,500 | 802,847 | ||||||
OSK Holdings Bhd | 650,100 | 308,622 | ||||||
Padini Holdings Bhd | 353,400 | 219,127 | ||||||
Parkson Holdings Bhd | 371,900 | 564,486 | ||||||
Pavilion Real Estate Investment Trust | 215,700 | 110,758 | ||||||
POS Malaysia Bhd | 592,000 | 810,618 | ||||||
Sunway Real Estate Investment Trust | 5,644,500 | 2,770,754 | ||||||
TAN Chong Motor Holdings Bhd | 1,135,200 | 1,877,030 | ||||||
Top Glove Corp. Bhd | 1,104,100 | 1,925,445 | ||||||
UOA Development Bhd | 1,976,100 | 1,308,253 | ||||||
Wah Seong Corp. Bhd | 1,599,711 | 852,421 | ||||||
WCT Bhd | 844,425 | 649,033 | ||||||
39,202,948 | ||||||||
MEXICO — 3.1% | ||||||||
Alsea SAB de CV (a) | 301,155 | 865,941 | ||||||
Axtel SAB de CV (a)(b) | 3,006,403 | 913,678 | ||||||
Banregio Grupo Financiero SAB de CV (b) | 184,282 | 958,213 | ||||||
Bolsa Mexicana de Valores SAB de CV | 1,048,062 | 3,004,255 | ||||||
Compartamos SAB de CV (b) | 825,300 | 1,523,633 | ||||||
Consorcio ARA SAB de CV (a) | 3,739,553 | 1,527,443 | ||||||
Corporacion GEO SAB de CV (a)(b) | 880,606 | 530,969 | ||||||
Desarrolladora Homex SAB de CV (a)(b) | 344,657 | 521,490 | ||||||
Empresas ICA SAB de CV (a) | 1,307,033 | 4,365,198 | ||||||
Fibra Uno Administracion SA de CV | 560,985 | 1,852,651 | ||||||
Gruma SAB de CV (a) | 365,671 | 1,618,369 | ||||||
Grupo Simec SAB de CV, Series B (a) | 116,873 | 555,327 | ||||||
Inmuebles Carso SAB de CV (a)(b) | 440,798 | 438,685 | ||||||
Megacable Holdings SAB de CV (b) | 84,521 | 267,006 | ||||||
Promotora y Operadora de Infraestructura SAB de CV (a) | 626,330 | 5,067,328 | ||||||
TV Azteca SAB de CV (b) | 5,997,356 | 4,257,736 | ||||||
Urbi Desarrollos Urbanos SA de CV (a)(b) | 755,914 | 194,811 | ||||||
28,462,733 | ||||||||
MOROCCO — 0.0% (e) | ||||||||
Alliances Developpement Immobilier SA | 1,513 | 85,820 | ||||||
Holcim Maroc SA | 696 | 120,747 | ||||||
Samir (a) | 5,924 | 189,916 | ||||||
396,483 | ||||||||
See accompanying notes to financial statements.
208
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
NETHERLANDS — 0.1% | ||||||||
AmRest Holdings SE (a) | 19,582 | $ | 518,382 | |||||
PERU — 0.9% | ||||||||
Casa Grande SAA | 63,216 | 264,824 | ||||||
Edegel SAA | 1,165,746 | 1,192,752 | ||||||
Ferreyros SA | 1,944,429 | 2,011,996 | ||||||
Grana y Montero SA | 830,320 | 3,654,690 | ||||||
Luz del Sur SAA | 263,790 | 957,384 | ||||||
Refineria La Pampilla SA Relapasa | 1,375,516 | 350,518 | ||||||
8,432,164 | ||||||||
PHILIPPINES — 2.4% | ||||||||
Belle Corp. (a) | 3,103,600 | 433,485 | ||||||
Cebu Air, Inc. | 700,960 | 1,167,980 | ||||||
First Gen Corp. (a) | 948,600 | 575,296 | ||||||
First Philippine Holdings Corp. | 579,330 | 1,490,557 | ||||||
GMA Holdings, Inc. | 5,077,300 | 1,236,667 | ||||||
Manila Water Co., Inc. | 1,158,600 | 1,135,604 | ||||||
Megaworld Corp. | 69,887,000 | 6,661,613 | ||||||
Philex Petroleum Corp. (a) | 743,500 | 571,152 | ||||||
Philippine National Bank (a) | 405,050 | 1,002,452 | ||||||
Puregold Price Club, Inc. | 801,007 | 786,090 | ||||||
Rizal Commercial Banking Corp. | 711,170 | 1,219,846 | ||||||
Robinsons Land Corp. | 2,154,800 | 1,346,420 | ||||||
Security Bank Corp. | 197,930 | 882,707 | ||||||
Semirara Mining Corp. | 265,200 | 1,737,674 | ||||||
SM Development Corp. | 3,672,320 | 762,180 | ||||||
Union Bank of Philippines | 224,200 | 686,719 | ||||||
21,696,442 | ||||||||
POLAND — 2.3% | ||||||||
Agora SA | 159,532 | 372,778 | ||||||
Asseco Poland SA | 165,971 | 2,143,240 | ||||||
Bank Millennium SA (a) | 1,210,952 | 1,787,136 | ||||||
Boryszew SA (a) | 2,358,147 | 319,016 | ||||||
Ciech SA (a) | 77,765 | 542,750 | ||||||
Cyfrowy Polsat SA (a) | 263,088 | 1,375,116 | ||||||
Echo Investment SA (a) | 423,242 | 761,262 | ||||||
Emperia Holding SA | 30,180 | 535,871 | ||||||
Eurocash SA | 114,088 | 1,864,372 | ||||||
Getin Noble Bank SA (a) | 1,155,162 | 621,542 | ||||||
Globe Trade Centre SA (a) | 408,259 | 960,255 | ||||||
Grupa Lotos SA (a) | 114,794 | 1,443,550 | ||||||
LPP SA | 1,496 | 2,598,779 | ||||||
Lubelski Wegiel Bogdanka SA | 66,086 | 2,426,069 | ||||||
Netia SA (a) | 928,003 | 1,204,069 | ||||||
Orbis SA | 49,439 | 547,068 | ||||||
Polimex- Mostostal SA (a) | 1,311,904 | 149,243 | ||||||
TVN SA | 325,919 | 954,975 | ||||||
20,607,091 | ||||||||
RUSSIA — 0.8% | ||||||||
Alliance Oil Co., Ltd. SDR (a) | 177,105 | 1,413,680 | ||||||
Cherkizovo Group OJSC, GDR (a)(f) | 5,485 | 62,803 | ||||||
Cherkizovo Group OJSC, GDR (a)(f) | 29 | 334 | ||||||
DIXY Group OJSC (a) | 25,512 | 344,691 | ||||||
Integra Group Holdings GDR (a) | 639,360 | 239,760 | ||||||
Novorossiysk Commercial Sea Trade Port PJSC GDR (f) | 48,701 | 404,462 | ||||||
Novorossiysk Commercial Sea Trade Port PJSC GDR (f) | 257 | 2,120 | ||||||
PIK Group GDR (a) | 474,637 | 934,086 | ||||||
TransContainer OAO, GDR | 58,774 | 661,776 | ||||||
Vsmpo-Avisma Corp. | 15,804 | 2,847,164 | ||||||
6,910,876 | ||||||||
SINGAPORE — 0.3% | ||||||||
Bumitama Agri, Ltd. (a)(b) | 592,000 | 489,118 | ||||||
Nam Cheong, Ltd. | 2,521,000 | 538,502 | ||||||
Parkson Retail Asia, Ltd. | 519,000 | 686,087 | ||||||
Yanlord Land Group, Ltd. (a)(b) | 1,030,000 | 1,245,365 | ||||||
2,959,072 | ||||||||
SOUTH AFRICA — 8.2% | ||||||||
Adcock Ingram Holdings, Ltd. (b) | 198,731 | 1,312,461 | ||||||
AECI, Ltd. | 166,027 | 1,846,584 | ||||||
Afgri, Ltd. | 2,233,704 | 1,302,565 | ||||||
Aquarius Platinum, Ltd. (a)(b) | 896,945 | 646,934 | ||||||
Aveng, Ltd. | 749,970 | 2,637,927 | ||||||
Brait SE (a) | 288,511 | 1,094,363 | ||||||
Clicks Group, Ltd. (b) | 427,940 | 2,704,930 | ||||||
Coronation Fund Managers, Ltd. | 974,677 | 5,099,433 | ||||||
DataTec, Ltd. (b) | 832,313 | 4,581,398 | ||||||
Emira Property Fund | 223,184 | 355,170 | ||||||
Famous Brands, Ltd. | 70,647 | 661,465 | ||||||
Fountainhead Property Trust | 923,014 | 901,439 | ||||||
Grindrod, Ltd. | 1,435,934 | 3,130,289 | ||||||
Hosken Consolidated Investments, Ltd. | 219,812 | 2,696,123 | ||||||
Illovo Sugar, Ltd. | 277,069 | 960,362 | ||||||
Investec, Ltd. | 251,877 | 1,764,206 | ||||||
JD Group, Ltd. | 597,822 | 2,268,276 | ||||||
JSE, Ltd. (b) | 452,340 | 3,515,398 | ||||||
Lewis Group, Ltd. (b) | 491,193 | 3,460,241 | ||||||
Merafe Resources, Ltd. (a) | 7,129,179 | 567,260 | ||||||
Mondi, Ltd. | 179,797 | 2,439,898 | ||||||
Mpact, Ltd. | 309,351 | 788,682 | ||||||
Murray & Roberts Holdings, Ltd. (a)(b) | 562,855 | 1,441,118 | ||||||
Northam Platinum, Ltd. (a) | 793,783 | 3,434,886 | ||||||
Pick’ n Pay Holdings, Ltd. (b) | 337,113 | 680,146 | ||||||
PPC, Ltd. | 761,609 | 2,660,603 | ||||||
PSG Group, Ltd. | 43,522 | 297,912 | ||||||
Resilient Property Income Fund, Ltd. | 206,189 | 1,224,847 | ||||||
Reunert, Ltd. | 506,268 | 4,235,248 | ||||||
SA Corporate Real Estate Fund | 7,513,159 | 3,537,743 | ||||||
Sappi, Ltd. (a) | 700,218 | 2,191,985 | ||||||
Sibanye Gold, Ltd. (a)(b) | 999,280 | 1,458,437 | ||||||
Sun International, Ltd. | 146,477 | 1,612,541 | ||||||
Super Group, Ltd. (a) | 452,187 | 1,197,690 | ||||||
Telkom SA, Ltd. (a) | 238,020 | 389,157 | ||||||
Tongaat Hulett, Ltd. | 128,937 | 2,016,035 | ||||||
Wilson Bayly Holmes-Ovcon, Ltd. | 158,890 | 2,671,590 | ||||||
73,785,342 | ||||||||
TAIWAN — 27.3% | ||||||||
A-DATA Technology Co., Ltd. (b) | 414,000 | 692,250 |
See accompanying notes to financial statements.
209
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Ability Enterprise Co., Ltd. | 669,000 | $ | 604,063 | |||||
Accton Technology Corp. (b) | 1,613,341 | 936,091 | ||||||
Adlink Technology, Inc. | 523,572 | 588,313 | ||||||
Advanced Ceramic X Corp. (b) | 179,642 | 522,660 | ||||||
Advanced International Multitech Co., Ltd. | 416,000 | 578,734 | ||||||
Advanced Wireless Semiconductor Co. (a)(b) | 448,277 | 299,076 | ||||||
Advantech Co., Ltd. | 556,200 | 2,278,555 | ||||||
AGV Products Corp. (a)(b) | 2,051,926 | 720,516 | ||||||
Alcor Micro Corp. (b) | 417,000 | 468,563 | ||||||
Alpha Networks, Inc. (b) | 1,080,348 | 704,516 | ||||||
Altek Corp. (b) | 969,309 | 580,240 | ||||||
AmTRAN Technology Co., Ltd. | 1,531,717 | 1,244,736 | ||||||
Anpec Electronics Corp. | 524,000 | 353,977 | ||||||
Apex Biotechnology Corp. (b) | 509,915 | 1,333,512 | ||||||
Arcadyan Technology Corp. | 253,718 | 363,151 | ||||||
Asia Optical Co., Inc. (a) | 428,540 | 437,103 | ||||||
Asia Polymer | 720,588 | 573,530 | ||||||
Asrock, Inc. | 184,000 | 658,407 | ||||||
Aten International Co., Ltd. | 266,000 | 443,889 | ||||||
Bank of Kaohsiung (a) | 1,912,680 | 617,251 | ||||||
Basso Industry Corp. | 688,000 | 457,861 | ||||||
BES Engineering Corp. | 3,156,356 | 957,383 | ||||||
Biostar Microtech International Corp. (b) | 983,000 | 373,114 | ||||||
Capital Securities Corp. (b) | 3,008,730 | 1,081,644 | ||||||
Career Technology Co., Ltd. (b) | 479,726 | 612,843 | ||||||
Cathay No. 1 REIT | 1,361,000 | 884,349 | ||||||
Cathay Real Estate Development Co., Ltd. (b) | 2,496,904 | 1,377,775 | ||||||
Chang Wah Electromaterials, Inc. | 221,113 | 780,116 | ||||||
Charoen Pokphand Enterprise (b) | 1,285,798 | 670,795 | ||||||
Cheng Loong Corp. | 2,259,128 | 989,702 | ||||||
Cheng Uei Precision Industry Co., Ltd. (b) | 613,915 | 1,178,454 | ||||||
Chicony Electronics Co., Ltd. (b) | 825,248 | 2,171,959 | ||||||
Chien Kuo Construction Co., Ltd. (b) | 1,399,501 | 702,032 | ||||||
Chin-Poon Industrial Co. (b) | 959,000 | 1,167,381 | ||||||
China Bills Finance Corp. | 3,454,394 | 1,340,054 | ||||||
China Chemical & Pharmaceutical Co., Ltd. (b) | 910,000 | 613,210 | ||||||
China Manmade Fibers Corp. (a) | 2,687,904 | 1,020,239 | ||||||
China Metal Products | 200,000 | 260,179 | ||||||
China Motor Corp. (b) | 1,066,000 | 999,960 | ||||||
China Petrochemical Development Corp. | 2,131,575 | 1,151,239 | ||||||
China Steel Chemical Corp. | 370,000 | 1,818,911 | ||||||
China Synthetic Rubber Corp. | 1,150,452 | 1,234,997 | ||||||
Chipbond Technology Corp. (b) | 975,000 | 2,197,642 | ||||||
Chong Hong Construction Co., Ltd. (b) | 446,622 | 1,471,190 | ||||||
Chroma ATE, Inc. (b) | 574,680 | 1,370,276 | ||||||
Chung Hung Steel Corp. (a) | 1,002,239 | 287,575 | ||||||
Clevo Co. (b) | 1,022,265 | 1,572,584 | ||||||
CMC Magnetics Corp. (a)(b) | 4,064,719 | 709,567 | ||||||
Compal Communications, Inc. (a)(b) | 427,000 | 452,668 | ||||||
Coretronic Corp. | 654,420 | 484,756 | ||||||
CTCI Corp. (b) | 960,000 | 1,874,893 | ||||||
CyberTAN Technology, Inc. (b) | 965,210 | 803,736 | ||||||
D-Link Corp. (b) | 1,660,904 | 980,351 | ||||||
Danen Technology Corp. (a) | 411,816 | 183,856 | ||||||
Dimerco Express Taiwan Corp. | 614,081 | 372,730 | ||||||
Dynapack International Technology Corp. | 115,000 | 415,350 | ||||||
E Ink Holdings, Inc. (b) | 956,000 | 754,506 | ||||||
Elan Microelectronics Corp. | 798,899 | 1,787,354 | ||||||
Elite Material Co., Ltd. | 671,782 | 673,972 | ||||||
Elite Semiconductor Memory Technology, Inc. (a) | 682,674 | 710,013 | ||||||
ENG Electric Co., Ltd. | 358,086 | 383,204 | ||||||
Entie Commercial Bank | 512,000 | 289,367 | ||||||
Entire Technology Co., Ltd. (b) | 223,942 | 286,832 | ||||||
Episil Technologies, Inc. (b) | 1,195,000 | 359,669 | ||||||
Epistar Corp. (b) | 1,251,000 | 2,254,959 | ||||||
Eternal Chemical Co., Ltd. | 1,276,990 | 1,067,628 | ||||||
Eva Airways Corp. (a) | 1,535,000 | 921,436 | ||||||
Evergreen Marine Corp., Ltd. (a) | 1,589,000 | 951,195 | ||||||
Everlight Chemical Industrial Corp. | 686,490 | 480,962 | ||||||
Everlight Electronics Co., Ltd. (b) | 784,503 | 1,263,233 | ||||||
Excelsior Medical Co., Ltd. (b) | 247,660 | 479,542 | ||||||
Far Eastern Department Stores, Ltd. | 1,063,000 | 950,932 | ||||||
Far Eastern International Bank | 3,631,590 | 1,469,517 | ||||||
Faraday Technology Corp. (b) | 850,976 | 981,813 | ||||||
Farglory Land Development Co., Ltd. (b) | 243,000 | 450,203 | ||||||
Feng Hsin Iron & Steel Co., Ltd. | 745,270 | 1,286,044 | ||||||
Feng TAY Enterprise Co., Ltd. (b) | 624,900 | 965,484 | ||||||
FLEXium Interconnect, Inc. (b) | 360,361 | 1,199,094 | ||||||
Forhouse Corp. | 898,576 | 458,266 | ||||||
Formosa Epitaxy, Inc. (a)(b) | 765,000 | 594,808 | ||||||
Formosa Taffeta Co., Ltd. | 1,522,000 | 1,404,806 | ||||||
Formosan Rubber Group, Inc. | 1,094,124 | 815,951 | ||||||
Formosan Union Chemical | 2,026,200 | 1,016,403 | ||||||
FSP Technology, Inc. | 570,184 | 537,721 | ||||||
G Tech Optoelectronics Corp. | 192,000 | 450,745 | ||||||
Gemtek Technology Corp. (a) | 705,234 | 909,181 | ||||||
GeoVision, Inc. (b) | 181,704 | 796,028 | ||||||
Giant Manufacturing Co., Ltd. (b) | 583,994 | 3,251,735 | ||||||
Gigabyte Technology Co., Ltd. | 502,000 | 464,185 | ||||||
Gigastorage Corp. (b) | 753,114 | 562,899 | ||||||
Gintech Energy Corp. (a)(b) | 745,806 | 659,696 | ||||||
Global Unichip Corp. (b) | 193,669 | 595,207 | ||||||
Gloria Material Technology Corp. (b) | 645,822 | 496,745 | ||||||
Goldsun Development & Construction Co., Ltd. | 2,557,041 | 1,021,876 | ||||||
Grand Pacific Petrochemical | 2,196,000 | 1,112,596 | ||||||
Grape King, Inc. | 401,000 | 1,255,199 | ||||||
Great Wall Enterprise Co. (b) | 1,274,129 | 1,116,368 | ||||||
HannStar Display Corp. (a) | 2,817,237 | 449,401 | ||||||
Hey Song Corp. (b) | 1,267,694 | 1,661,855 | ||||||
Highwealth Construction Corp. | 794,400 | 1,663,053 | ||||||
Himax Technologies, Inc. ADR | 367,557 | 2,003,186 | ||||||
Hiwin Technologies Corp. | 200,000 | 1,491,514 | ||||||
Ho Tung Chemical Corp. (a) | 2,404,411 | 1,105,615 | ||||||
Hong TAI Electric Industrial (b) | 1,320,000 | 441,435 | ||||||
Huaku Development Co., Ltd. | 444,260 | 1,099,414 | ||||||
Huang Hsiang Construction Co. (b) | 434,484 | 1,133,342 |
See accompanying notes to financial statements.
210
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
I-Sheng Electric Wire & Cable Co., Ltd. (b) | 579,000 | $ | 865,523 | |||||
Ibase Technology, Inc. | 462,127 | 647,542 | ||||||
Inventec Co., Ltd. | 4,267,022 | 1,619,620 | ||||||
ITE Technology, Inc. (a)(b) | 485,000 | 420,082 | ||||||
J Touch Corp. (a)(b) | 254,121 | 265,997 | ||||||
Jess-Link Products Co., Ltd. (a)(b) | 476,974 | 428,284 | ||||||
Jih Sun Financial Holdings Co., Ltd. | 2,089,312 | 642,812 | ||||||
KEE TAI Properties Co., Ltd. (b) | 1,513,076 | 1,110,677 | ||||||
Kenda Rubber Industrial Co., Ltd. (b) | 761,052 | 1,394,721 | ||||||
Kerry TJ Logistics Co., Ltd. (b) | 980,000 | 1,525,592 | ||||||
King Yuan Electronics Co., Ltd. | 2,328,656 | 1,596,437 | ||||||
King’s Town Bank (a) | 2,115,000 | 1,952,145 | ||||||
Kinpo Electronics | 2,919,371 | 685,360 | ||||||
Kinsus Interconnect Technology Corp. | 405,030 | 1,273,232 | ||||||
Kuoyang Construction Co., Ltd. (b) | 1,102,000 | 659,671 | ||||||
KYE Systems Corp. (a)(b) | 686,000 | 211,518 | ||||||
LCY Chemical Corp. | 1,109,862 | 1,247,099 | ||||||
Lien Hwa Industrial Corp. | 1,622,651 | 1,058,162 | ||||||
Lingsen Precision Industries, Ltd. | 1,419,694 | 790,499 | ||||||
Long Bon International Co., Ltd. (a) | 1,141,000 | 807,028 | ||||||
Longwell Co. | 615,000 | 540,908 | ||||||
Lumax International Corp., Ltd. (b) | 344,358 | 809,577 | ||||||
Lung Yen Life Service Corp. | 300,000 | 1,023,326 | ||||||
Macronix International Co., Ltd. | 6,071,170 | 1,748,107 | ||||||
Makalot Industrial Co., Ltd. | 440,000 | 1,655,380 | ||||||
Masterlink Securities Corp. | 2,025,472 | 640,104 | ||||||
Mayer Steel Pipe Corp. (a)(b) | 1,590,234 | 638,168 | ||||||
Mercuries & Associates, Ltd. (a) | 631,255 | 510,873 | ||||||
Merida Industry Co., Ltd. (b) | 320,950 | 1,883,679 | ||||||
Micro-Star International Co., Ltd. | 1,305,000 | 615,350 | ||||||
Microbio Co., Ltd. (b) | 591,802 | 682,791 | ||||||
Mirle Automation Corp. (b) | 925,195 | 655,936 | ||||||
Mitac International Corp. (b) | 2,114,999 | 774,492 | ||||||
Motech Industries, Inc. (a)(b) | 658,885 | 692,983 | ||||||
Nan Kang Rubber Tire Co., Ltd. (b) | 1,213,204 | 1,432,191 | ||||||
Nantex Industry Co., Ltd. (b) | 944,427 | 622,196 | ||||||
Neo Solar Power Corp. (a)(b) | 661,064 | 498,520 | ||||||
Newmax Technology Co., Ltd. | 123,232 | 378,319 | ||||||
Nien Hsing Textile Co., Ltd. | 575,919 | 410,236 | ||||||
Novatek Microelectronics Corp. | 888,572 | 3,848,176 | ||||||
Oriental Union Chemical Corp. | 1,222,500 | 1,267,369 | ||||||
Pan-International Industrial Co., Ltd. (a) | 675,388 | 564,658 | ||||||
PC Home Online (b) | 206,845 | 892,334 | ||||||
Phison Electronics Corp. | 208,837 | 1,606,304 | ||||||
Phytohealth Corp. (a)(b) | 437,511 | 734,489 | ||||||
PixArt Imaging, Inc. (b) | 209,060 | 458,635 | ||||||
Portwell, Inc. | 575,000 | 567,260 | ||||||
Powertech Technology, Inc. | 855,000 | 1,415,350 | ||||||
President Securities Corp. (a) | 1,806,850 | 1,075,560 | ||||||
Prime Electronics Satellitics, Inc. | 799,670 | 716,701 | ||||||
Prince Housing Development Corp. (b) | 1,900,209 | 1,353,547 | ||||||
Promate Electronic Co., Ltd. (b) | 863,000 | 787,891 | ||||||
Qisda Corp. (a)(b) | 2,771,641 | 693,316 | ||||||
Radiant Opto-Electronics Corp. (b) | 705,778 | 2,773,310 | ||||||
Radium Life Tech Co., Ltd. | 1,200,351 | 1,095,881 | ||||||
Realtek Semiconductor Corp. | 830,330 | 1,929,870 | ||||||
RichTek Technology Corp. | 185,477 | 1,073,072 | ||||||
Ritek Corp. (a)(b) | 5,353,596 | 687,495 | ||||||
Ruentex Development Co., Ltd. (b) | 1,090,071 | 2,220,059 | ||||||
Ruentex Industries, Ltd. | 961,767 | 2,212,844 | ||||||
Sampo Corp. | 2,833,527 | 957,065 | ||||||
Sanyang Industry Co., Ltd. (a) | 2,024,945 | 1,682,799 | ||||||
ScinoPharm Taiwan, Ltd. | 348,620 | 842,914 | ||||||
Senao International Co., Ltd. (b) | 234,911 | 750,238 | ||||||
Sercomm Corp. | 642,000 | 931,788 | ||||||
Shih Wei Navigation Co., Ltd. | 771,654 | 527,726 | ||||||
Shin Zu Shing Co., Ltd. | 100,000 | 304,322 | ||||||
Shinkong Insurance Co., Ltd. (b) | 900,841 | 626,620 | ||||||
Shinkong Synthetic Fibers Corp. | 3,123,796 | 981,981 | ||||||
Sigurd Microelectronics Corp. (b) | 1,086,694 | 1,122,944 | ||||||
Silicon Integrated Systems Corp. (a) | 1,172,000 | 397,820 | ||||||
Silicon Motion Technology Corp. ADR | 61,824 | 723,341 | ||||||
Simplo Technology Co., Ltd. | 464,129 | 2,180,758 | ||||||
Sinbon Electronics Co., Ltd. (b) | 831,000 | 790,635 | ||||||
Sinmag Bakery Machine Corp. | 176,920 | 801,694 | ||||||
Sino-American Silicon Products, Inc. (b) | 607,058 | 797,839 | ||||||
Sinon Corp. (b) | 2,023,662 | 984,676 | ||||||
Sinphar Pharmaceutical Co., Ltd. (b) | 513,136 | 658,956 | ||||||
Sintek Photronic Corp. (a) | 1,449,000 | 449,201 | ||||||
Sinyi Realty Co. (b) | 780,035 | 1,214,301 | ||||||
Soft-World International Corp. | 234,848 | 398,973 | ||||||
Solar Applied Materials Technology Corp. (b) | 580,090 | 681,888 | ||||||
Solartech Energy Corp. (a) | 484,091 | 327,017 | ||||||
St. Shine Optical Co., Ltd. | 130,000 | 2,599,783 | ||||||
Standard Foods Corp. | 610,646 | 1,837,911 | ||||||
Sunonwealth Electric Machine Industry Co., Ltd. (b) | 694,000 | 450,250 | ||||||
Sunrex Technology Corp. | 624,000 | 267,108 | ||||||
Systex Corp. (a) | 677,000 | 822,973 | ||||||
TA Chen Stainless Pipe | 512,000 | 242,281 | ||||||
Ta Chong Bank Co., Ltd. (a) | 3,102,067 | 1,151,507 | ||||||
Ta Ya Electric Wire & Cable (b) | 2,175,650 | 519,493 | ||||||
Taichung Commercial Bank | 3,172,772 | 1,124,701 | ||||||
Taiflex Scientific Co., Ltd. (b) | 481,725 | 584,788 | ||||||
Tainan Enterprises Co., Ltd. | 457,000 | 489,056 | ||||||
Tainan Spinning Co., Ltd. (b) | 2,244,570 | 1,118,438 | ||||||
Taisun Enterprise Co., Ltd. (b) | 1,615,549 | 826,617 | ||||||
Taiwan Acceptance Corp. (b) | 547,000 | 1,375,617 | ||||||
Taiwan Business Bank (a) | 5,814,420 | 1,845,292 | ||||||
Taiwan Cogeneration Corp. (b) | 1,652,469 | 1,116,290 | ||||||
Taiwan Fire & Marine Insurance Co. | 857,004 | 633,385 | ||||||
Taiwan Hon Chuan Enterprise Co., Ltd. | 480,027 | 1,245,718 | ||||||
Taiwan Land Development Corp. (a)(b) | 2,246,831 | 864,094 | ||||||
Taiwan Life Insurance Co., Ltd. (a)(b) | 590,684 | 454,334 | ||||||
Taiwan Secom Co., Ltd. | 510,726 | 1,149,464 | ||||||
Taiwan Surface Mounting Technology Co., Ltd. (b) | 474,736 | 773,961 | ||||||
Taiyen Biotech Co., Ltd. (b) | 1,209,000 | 1,202,834 | ||||||
Tatung Co., Ltd. (a) | 4,103,691 | 1,033,385 |
See accompanying notes to financial statements.
211
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Teco Electric & Machinery Co., Ltd. (b) | 3,127,838 | $ | 2,520,889 | |||||
Test-Rite International Co. | 701,896 | 514,055 | ||||||
Thye Ming Industrial Co., Ltd. | 825,164 | 874,766 | ||||||
Ton Yi Industrial Corp. | 500,000 | 305,995 | ||||||
Tong Hsing Electronic Industries, Ltd. (b) | 237,327 | 1,015,897 | ||||||
Tong Yang Industry Co., Ltd. | 878,071 | 810,459 | ||||||
Topco Scientific Co., Ltd. (b) | 478,647 | 869,176 | ||||||
Transcend Information, Inc. (b) | 434,484 | 1,409,412 | ||||||
Tripod Technology Corp. (b) | 826,353 | 1,818,377 | ||||||
TSRC Corp. (b) | 1,101,170 | 2,172,696 | ||||||
TTY Biopharm Co., Ltd. (b) | 313,579 | 1,028,747 | ||||||
Tung Ho Steel Enterprise Corp. | 1,310,258 | 1,257,567 | ||||||
Tung Thih Electronic Co., Ltd. | 261,753 | 612,748 | ||||||
TXC Corp. | 678,120 | 1,017,095 | ||||||
U-Ming Marine Transport Corp. | 774,000 | 1,208,789 | ||||||
Unimicron Technology Corp. | 1,299,000 | 1,353,193 | ||||||
Unity Opto Technology Co., Ltd. (a)(b) | 666,307 | 641,740 | ||||||
Unizyx Holding Corp. | 1,520,694 | 739,941 | ||||||
UPC Technology Corp. (b) | 1,850,789 | 981,022 | ||||||
USI Corp. | 1,820,318 | 1,311,859 | ||||||
Ve Wong Corp. (b) | 702,604 | 479,329 | ||||||
Via Technologies, Inc. (a) | 683,031 | 463,691 | ||||||
Visual Photonics Epitaxy Co., Ltd. (b) | 565,162 | 661,506 | ||||||
Wafer Works Corp. (b) | 448,983 | 248,497 | ||||||
Wah Hong Industrial Corp. | 288,083 | 411,375 | ||||||
Walsin Lihwa Corp. (a) | 5,377,000 | 1,551,827 | ||||||
Wan Hai Lines, Ltd. (a) | 1,944,320 | 1,033,850 | ||||||
Waterland Financial Holdings Co., Ltd. | 4,395,299 | 1,491,925 | ||||||
Wei Chuan Food Corp. (b) | 822,899 | 1,232,869 | ||||||
Weikeng Industrial Co., Ltd. (b) | 876,628 | 649,354 | ||||||
Winbond Electronics Corp. (a)(b) | 5,821,730 | 1,185,665 | ||||||
Wintek Corp. (a)(b) | 2,118,859 | 1,098,313 | ||||||
Wistron NeWeb Corp. | 480,124 | 817,267 | ||||||
WUS Printed Circuit Co., Ltd. (a) | 1,147,000 | 487,147 | ||||||
Yageo Corp. (a) | 2,200,000 | 709,238 | ||||||
Yang Ming Marine Transport Corp. (a) | 2,192,788 | 1,015,638 | ||||||
Yieh Phui Enterprise Co., Ltd. | 2,645,487 | 761,730 | ||||||
Young Fast Optoelectronics Co., Ltd. | 243,959 | 471,560 | ||||||
Young Optics, Inc. | 204,242 | 544,372 | ||||||
Yuen Foong Yu Paper Manufacturing Co., Ltd. (b) | 3,325,941 | 1,651,709 | ||||||
Yungtay Engineering Co., Ltd. | 756,000 | 1,516,930 | ||||||
Zenitron Corp. (b) | 869,348 | 543,661 | ||||||
Zinwell Corp. | 655,674 | 542,695 | ||||||
246,845,298 | ||||||||
THAILAND — 5.2% | ||||||||
Bangkok Chain Hospital PCL, NVDR | 1,260,700 | 520,897 | ||||||
Bangkok Expressway PCL, NVDR | 1,260,700 | 1,711,211 | ||||||
Bangkok Life Assurance PCL, NVDR | 482,100 | 1,230,561 | ||||||
BTS Group Holdings PCL | 2,990,100 | 959,773 | ||||||
Bumrungrad Hospital PCL | 518,600 | 1,518,523 | ||||||
Dynasty Ceramic PCL | 383,600 | 815,404 | ||||||
Electricity Generating PCL, NVDR | 377,600 | 2,011,460 | ||||||
Esso Thailand PCL, NVDR | 1,771,600 | 577,728 | ||||||
Hana Microelectronics PCL | 5,047,884 | 4,309,274 | ||||||
Hemaraj Land and Development PCL, NVDR | 7,368,000 | 1,071,801 | ||||||
Jasmine International PCL, NVDR | 2,997,000 | 695,906 | ||||||
Kiatnakin Bank PCL, NVDR | 380,500 | 896,517 | ||||||
LPN Development PCL, ADR | 1,151,200 | 992,583 | ||||||
MBK PCL, NVDR | 110,200 | 684,869 | ||||||
Minor International PCL | 6,368,911 | 5,284,772 | ||||||
Precious Shipping PCL | 721,100 | 448,148 | ||||||
Pruksa Real Estate PCL | 839,000 | 859,484 | ||||||
Pruksa Real Estate PCL, NVDR | 1,196,700 | 1,225,918 | ||||||
Siam Global House PCL, NVDR | 1,220,193 | 870,822 | ||||||
Sri Trang Agro-Industry PCL, NVDR | 885,800 | 490,011 | ||||||
Supalai PCL, NVDR | 890,200 | 623,155 | ||||||
Thai Airways International PCL, NVDR | 1,567,000 | 1,524,996 | ||||||
Thai Stanley Electric PCL, NVDR | 99,400 | 824,798 | ||||||
Thai Tap Water Supply PCL | 3,021,500 | 1,124,615 | ||||||
Thai Vegetable Oil PCL, NVDR | 826,200 | 671,455 | ||||||
Thanachart Capital PCL | 4,549,164 | 6,912,679 | ||||||
Thoresen Thai Agencies PCL (a) | 3,729,272 | 2,368,600 | ||||||
Tisco Financial Group PCL (f) | 173,700 | 329,191 | ||||||
Tisco Financial Group PCL (f) | 513,730 | 973,605 | ||||||
True Corp. PCL (a) | 5,285,900 | 1,480,088 | ||||||
True Corp. PCL, NVDR (a) | 8,972,128 | 2,512,257 | ||||||
Vinythai PCL, NVDR | 1,032,100 | 641,428 | ||||||
47,162,529 | ||||||||
TURKEY — 3.5% | ||||||||
Akfen Holding AS (a) | 88,801 | 547,185 | ||||||
Akmerkez Gayrimenkul Yatirim Ortakligi AS | 65,987 | 711,106 | ||||||
Albaraka Turk Katilim Bankasi (a) | 3,052,188 | 3,339,780 | ||||||
Asya Katilim Bankasi AS (a) | 1,507,809 | 1,983,192 | ||||||
Aygaz AS | 222,918 | 1,336,646 | ||||||
Bursa Cimento Fabrikasi AS | 70,948 | 201,532 | ||||||
Dogan Sirketler Grubu Holdings AS (a) | 1,824,887 | 1,089,184 | ||||||
Dogan Yayin Holding AS (a) | 1,732,935 | 794,880 | ||||||
GSD Holding (a) | 890,978 | 551,476 | ||||||
Ihlas Holding (a) | 1,339,314 | 606,929 | ||||||
Is Finansal Kiralama AS (a) | 361,033 | 203,511 | ||||||
Ittifak Holding AS (a) | 146,892 | 412,385 | ||||||
Izmir Demir Celik Sanayi AS (a) | 261,681 | 448,307 | ||||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (b) | 3,328,794 | 3,072,167 | ||||||
Koza Anadolu Metal Madencilik Isletmeleri AS (a) | 241,187 | 690,439 | ||||||
NET Holding AS (a) | 511,729 | 704,175 | ||||||
Petkim Petrokimya Holding AS (a)(b) | 2,083,655 | 3,604,222 | ||||||
Sekerbank TAS (a) | 1,806,499 | 2,126,468 | ||||||
Sinpas Gayrimenkul Yatirim Ortakligi AS | 796,921 | 629,786 | ||||||
TAV Havalimanlari Holding AS (a) | 307,828 | 2,126,471 | ||||||
Tekfen Holding AS | 269,788 | 1,148,034 | ||||||
Torunlar Gayrimenkul Yatirim Ortakligi AS | 367,027 | 772,795 | ||||||
Turkiye Sinai Kalkinma Bankasi AS | 1,163,446 | 1,600,984 |
See accompanying notes to financial statements.
212
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Ulker Biskuvi Sanayi AS | 358,175 | $ | 2,701,900 | |||||
31,403,554 | ||||||||
UNITED ARAB EMIRATES — 0.0% (e) | ||||||||
Exillon Energy PLC (a) | 143,310 | 332,942 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $955,149,506) | 904,008,869 | |||||||
RIGHTS — 0.0% (e) | ||||||||
HONG KONG — 0.0% (e) | ||||||||
Li Ning Co., Ltd. (expiring 4/15/13) (a) | 586,750 | 80,877 | ||||||
POLAND — 0.0% | ||||||||
Polimex-Mostostal SA (expired 12/31/12) (a)(d) | 1,311,904 | 0 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $0) | 80,877 | |||||||
WARRANTS — 0.0% (e) | ||||||||
THAILAND — 0.0% (e) | ||||||||
Thoresen Thai Agencies PCL (expiring 09/12/15) (a) (Cost $0) | 532,753 | 137,350 | ||||||
SHORT TERM INVESTMENTS — 5.9% | ||||||||
UNITED STATES — 5.9% | ||||||||
MONEY MARKET FUNDS — 5.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 51,782,970 | 51,782,970 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (h)(i) | 1,363,074 | 1,363,074 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $53,146,044) | 53,146,044 | |||||||
TOTAL INVESTMENTS — 106.0% | ||||||||
(Cost $1,008,295,550) | 957,373,140 | |||||||
OTHER ASSETS & LIABILITIES — (6.0)% | (54,018,074 | ) | ||||||
NET ASSETS — 100.0% | $ | 903,355,066 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 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. Securities’ values are determined based on Level 3 inputs. (Note 2) | |||||
(d) | 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) | |||||
(e) | Amount shown represents less than 0.05% of net assets. | |||||
(f) | Reflects seperate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(g) | Investments of cash collateral for securities loaned. | |||||
(h) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(i) | The rate shown is the annualized seven-day yield at period end. |
GDR = Global Depositary Receipt
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
PLC = Public Limited Company
SDR = Swedish Depositary Receipt
See accompanying notes to financial statements.
213
SPDR Dow Jones Global Real Estate ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AUSTRALIA — 7.7% | ||||||||
Abacus Property Group | 293,475 | $ | 657,819 | |||||
Astro Japan Property Group | 69,895 | 265,243 | ||||||
BGP Holdings PLC (a) | 1,313,937 | 0 | ||||||
Bunnings Warehouse Property Trust | 457,482 | 1,135,135 | ||||||
CFS Retail Property Trust Group | 2,581,709 | 5,410,035 | ||||||
Charter Hall Retail REIT | 298,293 | 1,215,952 | ||||||
Commonwealth Property Office Fund (b) | 2,586,286 | 2,992,928 | ||||||
Dexus Property Group | 5,320,457 | 5,768,714 | ||||||
Goodman Group | 1,662,953 | 8,287,138 | ||||||
GPT Group | 1,791,434 | 6,929,014 | ||||||
Investa Office Fund | 675,136 | 2,153,820 | ||||||
Westfield Group | 2,246,365 | 25,410,124 | ||||||
Westfield Retail Trust | 3,343,562 | 10,527,204 | ||||||
70,753,126 | ||||||||
AUSTRIA — 0.7% | ||||||||
Atrium European Real Estate, Ltd. | 192,680 | 1,113,391 | ||||||
CA Immobilien Anlagen AG (c) | 80,177 | 1,056,835 | ||||||
IMMOFINANZ AG (c) | 1,166,792 | 4,427,408 | ||||||
6,597,634 | ||||||||
BELGIUM — 0.3% | ||||||||
Befimmo Sicafi S.C.A. | 17,364 | 1,105,602 | ||||||
Cofinimmo | 16,977 | 1,947,843 | ||||||
3,053,445 | ||||||||
BRAZIL — 0.7% | ||||||||
BR Malls Participacoes SA | 498,481 | 6,220,042 | ||||||
CANADA — 5.0% | ||||||||
Artis REIT | 60,485 | 958,520 | ||||||
Boardwalk REIT | 28,243 | 1,737,197 | ||||||
Brookfield Asset Management, Inc. (Class A) | 615,753 | 22,485,788 | ||||||
Brookfield Office Properties, Inc. (d) | 112,711 | 1,934,819 | ||||||
Brookfield Office Properties, Inc. (b)(d) | 168,951 | 2,900,889 | ||||||
Calloway REIT | 59,816 | 1,723,916 | ||||||
Canadian Apartment Properties REIT | 54,958 | 1,364,281 | ||||||
Canadian REIT | 36,764 | 1,626,959 | ||||||
Chartwell Retirement Residences | 93,538 | 1,020,130 | ||||||
First Capital Realty, Inc. (b) | 92,856 | 1,731,996 | ||||||
H&R REIT | 104,590 | 2,407,953 | ||||||
Primaris Retail REIT | 51,132 | 1,370,465 | ||||||
RioCan REIT | 160,582 | 4,394,094 | ||||||
45,657,007 | ||||||||
CHINA — 1.4% | ||||||||
Hongkong Land Holdings, Ltd. | 1,291,000 | 9,566,310 | ||||||
Kerry Properties, Ltd. | 838,635 | 3,721,793 | ||||||
13,288,103 | ||||||||
FRANCE — 4.0% | ||||||||
Fonciere Des Regions | 40,853 | 3,204,214 | ||||||
Gecina SA | 28,980 | 3,368,538 | ||||||
Klepierre (b) | 107,463 | 4,228,800 | ||||||
Mercialys SA | 60,671 | 1,244,574 | ||||||
SILIC | 9,546 | 1,019,867 | ||||||
Unibail-Rodamco SE | 100,051 | 23,343,983 | ||||||
36,409,976 | ||||||||
GERMANY — 0.0% (e) | ||||||||
IVG Immobilien AG (c) | 165,653 | 139,116 | ||||||
HONG KONG — 4.0% | ||||||||
Champion REIT (b) | 3,305,462 | 1,716,039 | ||||||
Hang Lung Group, Ltd. | 810,996 | 4,555,072 | ||||||
Hang Lung Properties, Ltd. | 2,115,018 | 7,901,364 | ||||||
Hysan Development Co., Ltd. | 677,731 | 3,422,421 | ||||||
Prosperity REIT | 1,256,000 | 435,243 | ||||||
The Link REIT | 2,505,662 | 13,653,778 | ||||||
Wheelock & Co., Ltd. | 906,016 | 4,826,156 | ||||||
36,510,073 | ||||||||
ITALY — 0.1% | ||||||||
Beni Stabili SpA | 918,333 | 548,460 | ||||||
JAPAN — 10.3% | ||||||||
Aeon Mall Co., Ltd. | 87,500 | 2,654,223 | ||||||
Daibiru Corp. | 64,500 | 754,627 | ||||||
Daiwa Office Investment Corp. | 231 | 1,253,031 | ||||||
Frontier Real Estate Investment Corp. | 262 | 2,953,840 | ||||||
Fukuoka REIT Corp. | 131 | 1,191,289 | ||||||
Global One Real Estate Investment Co., Ltd. | 104 | 786,471 | ||||||
Hankyu REIT, Inc. | 89 | 618,134 | ||||||
Heiwa Real Estate Co., Ltd. (b) | 40,200 | 785,871 | ||||||
Hulic Co., Ltd. (b) | 339,100 | 2,787,963 | ||||||
Japan Excellent, Inc. | 227 | 1,733,525 | ||||||
Japan Prime Realty Investment Corp. | 907 | 3,603,111 | ||||||
Japan Real Estate Investment Corp. (b) | 652 | 8,938,822 | ||||||
Japan Retail Fund Investment Corp. | 2,273 | 5,613,599 | ||||||
Kenedix Realty Investment Corp. | 311 | 1,521,591 | ||||||
Mitsui Fudosan Co., Ltd. (b) | 966,000 | 27,114,167 | ||||||
Mori Hills REIT Investment Corp. (b) | 226 | 1,685,024 | ||||||
Mori Trust Sogo REIT, Inc. (b) | 200 | 2,169,751 | ||||||
Nippon Building Fund, Inc. (b) | 758 | 10,480,749 | ||||||
Nomura Real Estate Office Fund, Inc. | 315 | 2,365,348 | ||||||
NTT Urban Development Corp. | 1,196 | 1,415,814 | ||||||
Orix JREIT, Inc. | 1,740 | 2,452,138 | ||||||
Premier Investment Corp. (b) | 218 | 1,184,833 | ||||||
Tokyu Land Corp. (b) | 482,000 | 4,496,001 | ||||||
Tokyu REIT, Inc. (b) | 177 | 1,329,100 | ||||||
Top REIT, Inc. | 173 | 1,021,219 | ||||||
United Urban Investment Corp. (b) | 2,520 | 4,090,108 | ||||||
95,000,349 | ||||||||
NETHERLANDS — 1.0% | ||||||||
Corio NV | 105,756 | 4,942,485 | ||||||
Eurocommercial Properties NV | 39,081 | 1,433,001 | ||||||
VastNed Retail NV | 21,219 | 881,450 | ||||||
Wereldhave NV | 23,839 | 1,650,886 | ||||||
8,907,822 | ||||||||
NEW ZEALAND — 0.4% | ||||||||
Argosy Property, Ltd. | 753,772 | 622,186 | ||||||
Goodman Property Trust | 1,115,682 | 977,014 | ||||||
Kiwi Income Property Trust | 1,084,219 | 1,063,034 |
See accompanying notes to financial statements.
214
SPDR Dow Jones Global Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Precinct Properties | 890,901 | $ | 772,706 | |||||
3,434,940 | ||||||||
SINGAPORE — 3.9% | ||||||||
Ascendas REIT | 2,020,969 | 4,235,466 | ||||||
Cambridge Industrial Trust | 1,235,942 | 787,034 | ||||||
CapitaCommercial Trust (b) | 2,230,682 | 2,849,936 | ||||||
CapitaLand, Ltd. | 2,799,500 | 7,965,690 | ||||||
CapitaMall Trust | 2,816,860 | 4,745,476 | ||||||
Frasers Commercial Trust | 529,412 | 601,702 | ||||||
Global Logistic Properties, Ltd. | 2,809,000 | 5,932,275 | ||||||
Guocoland, Ltd. (b) | 372,999 | 697,532 | ||||||
Mapletree Logistics Trust | 1,603,949 | 1,570,851 | ||||||
Singapore Land, Ltd. | 95,000 | 712,155 | ||||||
Starhill Global REIT | 1,524,524 | 1,093,686 | ||||||
Suntec REIT (b) | 2,326,274 | 3,375,216 | ||||||
United Industrial Corp., Ltd. | 380,000 | 934,225 | ||||||
35,501,244 | ||||||||
SOUTH AFRICA — 0.5% | ||||||||
Capital Property Fund | 1,766,861 | 2,147,322 | ||||||
Fountainhead Property Trust | 1,278,383 | 1,248,501 | ||||||
SA Corporate Real Estate Fund | 1,577,579 | 742,840 | ||||||
Sycom Property Fund | 138,485 | 433,065 | ||||||
4,571,728 | ||||||||
SPAIN — 0.0% (e) | ||||||||
Martinsa-Fadesa SA (a)(c)(f) | 178 | 0 | ||||||
SWEDEN — 0.9% | ||||||||
Castellum AB (b) | 189,506 | 2,704,731 | ||||||
Fabege AB (b) | 154,571 | 1,583,271 | ||||||
Great Portland Estates PLC | 378,925 | 2,853,304 | ||||||
Kungsleden AB | 152,173 | 982,969 | ||||||
8,124,275 | ||||||||
SWITZERLAND — 1.0% | ||||||||
PSP Swiss Property AG (c) | 42,048 | 3,840,912 | ||||||
Swiss Prime Site AG (c) | 65,752 | 5,336,123 | ||||||
9,177,035 | ||||||||
UNITED KINGDOM — 4.6% | ||||||||
Big Yellow Group PLC | 137,511 | 741,253 | ||||||
British Land Co. PLC | 1,054,587 | 8,703,274 | ||||||
Capital & Counties Properties PLC | 680,089 | 2,811,992 | ||||||
Derwent London PLC | 94,417 | 3,085,270 | ||||||
Grainger PLC | 464,161 | 957,126 | ||||||
Hammerson PLC | 783,702 | 5,853,673 | ||||||
Intu Properties PLC | 718,909 | 3,649,312 | ||||||
Land Securities Group PLC | 854,044 | 10,750,668 | ||||||
Segro PLC | 818,051 | 3,158,839 | ||||||
Shaftesbury PLC | 276,491 | 2,441,358 | ||||||
Workspace Group PLC | 117,521 | 612,440 | ||||||
42,765,205 | ||||||||
UNITED STATES — 53.2% | ||||||||
Acadia Realty Trust | 56,359 | 1,565,089 | ||||||
Alexandria Real Estate Equities, Inc. | 70,100 | 4,975,698 | ||||||
American Campus Communities, Inc. | 115,120 | 5,219,541 | ||||||
Apartment Investment & Management Co. (Class A) | 159,264 | 4,883,034 | ||||||
Ashford Hospitality Trust, Inc. (b) | 69,141 | 854,583 | ||||||
AvalonBay Communities, Inc. | 124,641 | 15,788,275 | ||||||
BioMed Realty Trust, Inc. | 184,830 | 3,992,328 | ||||||
Boston Properties, Inc. | 166,078 | 16,783,843 | ||||||
Brandywine Realty Trust | 157,742 | 2,342,469 | ||||||
BRE Properties, Inc. | 84,809 | 4,128,502 | ||||||
Camden Property Trust | 92,923 | 6,381,952 | ||||||
CBL & Associates Properties, Inc. | 177,655 | 4,192,658 | ||||||
Cedar Realty Trust, Inc. (b) | 61,873 | 378,044 | ||||||
Colonial Properties Trust | 91,378 | 2,066,057 | ||||||
CommonWealth REIT | 130,030 | 2,917,873 | ||||||
Corporate Office Properties Trust | 93,164 | 2,485,616 | ||||||
Cousins Properties, Inc. (b) | 101,044 | 1,080,160 | ||||||
CubeSmart (b) | 132,692 | 2,096,534 | ||||||
DCT Industrial Trust, Inc. (b) | 300,625 | 2,224,625 | ||||||
DDR Corp. (b) | 266,929 | 4,649,903 | ||||||
DiamondRock Hospitality Co. | 214,822 | 1,999,993 | ||||||
Digital Realty Trust, Inc. (b) | 136,920 | 9,161,317 | ||||||
Douglas Emmett, Inc. | 144,302 | 3,597,449 | ||||||
Duke Realty Corp. | 353,692 | 6,005,690 | ||||||
DuPont Fabros Technology, Inc. (b) | 70,658 | 1,714,870 | ||||||
EastGroup Properties, Inc. (b) | 33,041 | 1,922,986 | ||||||
Education Realty Trust, Inc. | 123,786 | 1,303,467 | ||||||
Equity Lifestyle Properties, Inc. | 42,875 | 3,292,800 | ||||||
Equity One, Inc. | 67,955 | 1,628,881 | ||||||
Equity Residential | 350,959 | 19,323,803 | ||||||
Essex Property Trust, Inc. (b) | 41,668 | 6,274,367 | ||||||
Extra Space Storage, Inc. | 113,128 | 4,442,537 | ||||||
Federal Realty Investment Trust | 71,069 | 7,678,295 | ||||||
FelCor Lodging Trust, Inc. (c) | 123,222 | 733,171 | ||||||
First Industrial Realty Trust, Inc. | 106,860 | 1,830,512 | ||||||
First Potomac Realty Trust (b) | 56,964 | 844,776 | ||||||
Forest City Enterprises, Inc. (Class A) (c) | 151,309 | 2,688,761 | ||||||
Franklin Street Properties Corp. (b) | 79,378 | 1,160,506 | ||||||
General Growth Properties, Inc. | 493,325 | 9,807,301 | ||||||
Glimcher Realty Trust (b) | 158,319 | 1,836,500 | ||||||
HCP, Inc. | 496,788 | 24,769,850 | ||||||
Health Care REIT, Inc. | 285,739 | 19,404,535 | ||||||
Healthcare Realty Trust, Inc. | 96,046 | 2,726,746 | ||||||
Hersha Hospitality Trust | 192,553 | 1,124,510 | ||||||
Highwoods Properties, Inc. (b) | 87,336 | 3,455,886 | ||||||
Home Properties, Inc. (b) | 56,561 | 3,587,099 | ||||||
Hospitality Properties Trust | 150,287 | 4,123,875 | ||||||
Host Hotels & Resorts, Inc. | 795,879 | 13,919,924 | ||||||
Inland Real Estate Corp. (b) | 86,649 | 874,288 | ||||||
Kilroy Realty Corp. (b) | 82,301 | 4,312,572 | ||||||
Kimco Realty Corp. (b) | 446,478 | 10,001,107 | ||||||
Kite Realty Group Trust | 80,575 | 543,076 | ||||||
LaSalle Hotel Properties | 103,894 | 2,636,830 | ||||||
Liberty Property Trust | 130,634 | 5,192,702 | ||||||
LTC Properties, Inc. (b) | 33,615 | 1,369,139 | ||||||
Mack-Cali Realty Corp. (b) | 91,789 | 2,626,083 | ||||||
Mid-America Apartment Communities, Inc. (b) | 46,522 | 3,212,809 | ||||||
Parkway Properties, Inc. | 42,931 | 796,370 | ||||||
Pebblebrook Hotel Trust (b) | 67,618 | 1,743,868 | ||||||
Pennsylvania Real Estate Investment Trust | 58,676 | 1,137,728 |
See accompanying notes to financial statements.
215
SPDR Dow Jones Global Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Piedmont Office Realty Trust, Inc. (Class A) (b) | 185,087 | $ | 3,625,854 | |||||
Post Properties, Inc. | 59,954 | 2,823,833 | ||||||
ProLogis | 507,068 | 20,272,579 | ||||||
PS Business Parks, Inc. | 19,816 | 1,563,879 | ||||||
Public Storage | 158,038 | 24,072,348 | ||||||
Ramco-Gershenson Properties Trust | 60,993 | 1,024,682 | ||||||
Regency Centers Corp. | 99,373 | 5,257,825 | ||||||
Rouse Properties, Inc. (b) | 25,954 | 469,767 | ||||||
Saul Centers, Inc. | 14,242 | 622,945 | ||||||
Senior Housing Properties Trust | 206,023 | 5,527,597 | ||||||
Simon Property Group, Inc. | 343,894 | 54,527,833 | ||||||
SL Green Realty Corp. (b) | 99,953 | 8,606,953 | ||||||
Sovran Self Storage, Inc. | 33,446 | 2,156,933 | ||||||
Sun Communities, Inc. (b) | 35,109 | 1,731,927 | ||||||
Sunstone Hotel Investors, Inc. (c) | 175,597 | 2,161,599 | ||||||
Tanger Factory Outlet Centers, Inc. (b) | 103,613 | 3,748,718 | ||||||
Taubman Centers, Inc. | 69,682 | 5,411,504 | ||||||
The Macerich Co. | 150,351 | 9,679,597 | ||||||
UDR, Inc. | 275,103 | 6,654,742 | ||||||
Universal Health Realty Income Trust (b) | 14,147 | 816,423 | ||||||
Ventas, Inc. | 319,916 | 23,417,851 | ||||||
Vornado Realty Trust | 185,569 | 15,520,991 | ||||||
Washington Real Estate Investment Trust (b) | 73,055 | 2,033,851 | ||||||
Weingarten Realty Investors (b) | 123,084 | 3,883,300 | ||||||
489,427,294 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $771,355,032) | 916,086,874 | |||||||
SHORT TERM INVESTMENTS — 8.0% | ||||||||
UNITED STATES — 8.0% | ||||||||
MONEY MARKET FUNDS — 8.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 73,376,793 | 73,376,793 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (h)(i) | 482,423 | 482,423 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $73,859,216) | 73,859,216 | |||||||
TOTAL INVESTMENTS — 107.7% | ||||||||
(Cost $845,214,248) | 989,946,090 | |||||||
OTHER ASSETS & LIABILITIES — (7.7)% | (70,892,658 | ) | ||||||
NET ASSETS — 100.0% | $ | 919,053,432 | ||||||
(a) | Securities are valued at fair value as determined in good faith by the Trust’s Pricing and Investment Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs. (Note 2) | |||||
(b) | A portion of the security was on loan at March 31, 2013. | |||||
(c) | Non-income producing security. | |||||
(d) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(e) | Amount shown represents less than 0.05% of net assets. | |||||
(f) | Company has filed for insolvency. | |||||
(g) | Investments of cash collateral for securities loaned. | |||||
(h) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(i) | The rate shown is the annualized seven-day yield at period end. |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
216
SPDR S&P International Consumer Discretionary Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.4% | ||||||||
AUSTRALIA — 2.1% | ||||||||
Aristocrat Leisure, Ltd. (a) | 7,687 | $ | 29,332 | |||||
Crown, Ltd. | 6,970 | 89,379 | ||||||
Fairfax Media, Ltd. (a) | 32,826 | 21,560 | ||||||
Tatts Group, Ltd. | 19,642 | 64,914 | ||||||
205,185 | ||||||||
BELGIUM — 0.3% | ||||||||
S.A. D’Ieteren NV | 685 | 31,358 | ||||||
CANADA — 5.1% | ||||||||
Canadian Tire Corp., Ltd. (Class A) | 941 | 67,902 | ||||||
Gildan Activewear, Inc. | 1,142 | 45,558 | ||||||
Lululemon Athletica, Inc. (b) | 764 | 47,572 | ||||||
Magna International, Inc. (Class A) | 1,693 | 99,502 | ||||||
Shaw Communications, Inc. (Class B) (a) | 3,116 | 77,168 | ||||||
Thomson Reuters Corp. (a) | 3,117 | 101,123 | ||||||
Tim Hortons, Inc. | 1,045 | 56,789 | ||||||
495,614 | ||||||||
FINLAND — 0.6% | ||||||||
Nokian Renkaat Oyj | 836 | 37,251 | ||||||
Sanoma Oyj (a) | 2,125 | 19,524 | ||||||
56,775 | ||||||||
FRANCE — 9.5% | ||||||||
Accor SA | 1,229 | 42,768 | ||||||
Christian Dior SA | 282 | 46,858 | ||||||
Compagnie Generale des Etablissements Michelin | 1,212 | 101,550 | ||||||
Havas SA | 5,121 | 32,478 | ||||||
Hermes International | 145 | 50,431 | ||||||
Lagardere SCA | 971 | 35,816 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 1,371 | 235,731 | ||||||
Peugeot SA (a)(b) | 2,031 | 14,735 | ||||||
PPR | 528 | 116,210 | ||||||
Publicis Groupe SA | 776 | 52,125 | ||||||
Renault SA | 1,178 | 73,932 | ||||||
Sodexo | 878 | 81,965 | ||||||
Valeo SA | 704 | 38,162 | ||||||
922,761 | ||||||||
GERMANY — 9.6% | ||||||||
Adidas AG | 1,381 | 143,534 | ||||||
Bayerische Motoren Werke AG | 1,959 | 169,322 | ||||||
Continental AG | 402 | 48,147 | ||||||
Daimler AG | 4,988 | 271,864 | ||||||
Porsche Automobil Holding SE Preference Shares | 577 | 42,248 | ||||||
ProSiebenSat.1 Media AG Preference Shares | 865 | 30,934 | ||||||
TUI AG (b) | 2,041 | 21,939 | ||||||
Volkswagen AG | 276 | 52,010 | ||||||
Volkswagen AG Preference Shares | 770 | 153,257 | ||||||
933,255 | ||||||||
HONG KONG — 3.7% | ||||||||
Esprit Holdings, Ltd. | 9,482 | 11,409 | ||||||
Galaxy Entertainment Group, Ltd. (b) | 8,000 | 33,391 | ||||||
Giordano International, Ltd. (a) | 60,000 | 59,825 | ||||||
Li & Fung, Ltd. (a) | 46,000 | 63,406 | ||||||
Sands China, Ltd. | 17,600 | 91,258 | ||||||
Shangri-La Asia, Ltd. | 12,500 | 24,476 | ||||||
SJM Holdings, Ltd. | 18,000 | 44,938 | ||||||
Skyworth Digital Holdings, Ltd. | 2,058 | 1,381 | ||||||
Wynn Macau, Ltd. (a)(b) | 11,600 | 30,783 | ||||||
360,867 | ||||||||
ITALY — 1.1% | ||||||||
Fiat SpA (b) | 5,417 | 28,867 | ||||||
Lottomatica Group SpA | 1,791 | 42,156 | ||||||
Mediaset SpA | 6,129 | 12,537 | ||||||
Pirelli & C. SpA | 2,618 | 27,516 | ||||||
111,076 | ||||||||
JAPAN — 34.4% | ||||||||
Aisin Seiki Co., Ltd. | 1,700 | 62,380 | ||||||
Aoyama Trading Co., Ltd. | 3,000 | 75,526 | ||||||
Asics Corp. | 600 | 10,057 | ||||||
Benesse Holdings, Inc. | 1,200 | 51,627 | ||||||
Bookoff Corp. | 1,100 | 8,014 | ||||||
Bridgestone Corp. | 4,700 | 158,466 | ||||||
Can Do Co., Ltd. | 6 | 10,051 | ||||||
Casio Computer Co., Ltd. (b) | 2,900 | 22,362 | ||||||
Denso Corp. | 2,300 | 97,485 | ||||||
Dentsu, Inc. | 2,300 | 68,276 | ||||||
Fast Retailing Co., Ltd. | 588 | 191,685 | ||||||
Fuji Corp., Ltd. | 2,300 | 14,237 | ||||||
Fuji Heavy Industries, Ltd. | 6,000 | 93,236 | ||||||
GLOBERIDE, Inc. | 6,000 | 7,786 | ||||||
Gunze, Ltd. | 11,000 | 28,547 | ||||||
Honda Motor Co., Ltd. | 8,000 | 302,489 | ||||||
Isetan Mitsukoshi Holdings, Ltd. | 3,800 | 54,886 | ||||||
Isuzu Motors, Ltd. | 12,000 | 70,836 | ||||||
Kappa Create Holdings Co., Ltd. | 300 | 6,072 | ||||||
Kyoritsu Maintenance Co., Ltd. | 200 | 5,665 | ||||||
Mazda Motor Corp. (b) | 11,000 | 32,876 | ||||||
Mitsubishi Motors Corp. (b) | 23,000 | 23,974 | ||||||
Namco Bandai Holdings, Inc. | 2,900 | 51,356 | ||||||
Nikon Corp. | 2,900 | 68,814 | ||||||
Nissan Motor Co., Ltd. | 11,400 | 109,732 | ||||||
Nitori Holding Co., Ltd. | 50 | 3,829 | ||||||
Oriental Land Co., Ltd. | 200 | 32,589 | ||||||
Panasonic Corp. (b) | 10,200 | 70,951 | ||||||
PARIS MIKI HOLDINGS, Inc. | 3,000 | 16,018 | ||||||
Pioneer Corp. (b) | 2,400 | 4,288 | ||||||
Rakuten, Inc. | 4,700 | 47,840 | ||||||
Resorttrust, Inc. | 3,000 | 83,950 | ||||||
Ringer Hut Co., Ltd. | 800 | 10,083 | ||||||
Sanrio Co., Ltd. | 200 | 8,924 | ||||||
Sanyo Housing Nagoya Co., Ltd. | 1,300 | 18,915 | ||||||
Sega Sammy Holdings, Inc. | 500 | 10,163 | ||||||
Sekisui Chemical Co., Ltd. | 6,000 | 65,858 | ||||||
Sekisui House, Ltd. | 6,000 | 81,621 | ||||||
Sharp Corp. (b) | 6,000 | 17,358 | ||||||
Shimano, Inc. | 1,200 | 101,468 | ||||||
Sony Corp. | 5,300 | 92,561 | ||||||
Stanley Electric Co., Ltd. | 1,800 | 31,723 | ||||||
Suminoe Textile Co., Ltd. | 5,000 | 13,242 | ||||||
Sumitomo Forestry Co., Ltd. | 5,000 | 53,818 | ||||||
Suzuki Motor Corp. | 2,600 | 58,377 | ||||||
Tact Home Co., Ltd. | 6 | 9,432 |
See accompanying notes to financial statements.
217
SPDR S&P International Consumer Discretionary Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Touei Housing Corp. | 1,100 | $ | 18,684 | |||||
Toyobo Co., Ltd. | 23,000 | 39,141 | ||||||
Toyota Industries Corp. | 1,400 | 51,074 | ||||||
Toyota Motor Corp. | 14,000 | 723,676 | ||||||
Yamada Denki Co., Ltd. | 740 | 33,805 | ||||||
Yamaha Motor Co., Ltd. | 1,200 | 16,465 | ||||||
3,342,288 | ||||||||
LUXEMBOURG — 0.7% | ||||||||
SES | 2,125 | 66,717 | ||||||
NETHERLANDS — 1.8% | ||||||||
Reed Elsevier NV | 5,943 | 101,994 | ||||||
Wolters Kluwer NV | 3,399 | 74,352 | ||||||
176,346 | ||||||||
NORWAY — 0.6% | ||||||||
Schibsted ASA | 1,314 | 58,575 | ||||||
SINGAPORE — 1.1% | ||||||||
Genting Singapore PLC (a) | 36,000 | 43,382 | ||||||
Singapore Press Holdings, Ltd. (a) | 18,000 | 65,001 | ||||||
108,383 | ||||||||
SOUTH KOREA — 5.5% | ||||||||
Coway Co., Ltd. (b) | 290 | 12,759 | ||||||
Credu Corp. | 199 | 7,289 | ||||||
Fila Korea, Ltd. | 115 | 6,832 | ||||||
Gwangju Shinsegae Co., Ltd. | 37 | 9,312 | ||||||
Hanil E-Wha Co., Ltd. | 1,150 | 12,610 | ||||||
Hotel Shilla Co., Ltd. | 180 | 8,898 | ||||||
Hyundai Department Store Co., Ltd. | 61 | 9,129 | ||||||
Hyundai Engineering Plastics Co., Ltd. | 1,610 | 7,727 | ||||||
Hyundai Mobis | 299 | 82,638 | ||||||
Hyundai Motor Co. | 1,138 | 229,114 | ||||||
Hyundai Wia Corp. | 66 | 9,729 | ||||||
Kia Motors Corp. | 1,211 | 60,517 | ||||||
LG Electronics, Inc. (a) | 488 | 35,571 | ||||||
Lotte Shopping Co., Ltd. | 65 | 23,894 | ||||||
Mando Corp. | 56 | 5,889 | ||||||
Woongjin Chemical Co., Ltd. (b) | 12,320 | 10,630 | ||||||
532,538 | ||||||||
SPAIN — 1.7% | ||||||||
Industria de Diseno Textil SA | 1,158 | 153,754 | ||||||
NH Hoteles SA (b) | 3,103 | 9,802 | ||||||
163,556 | ||||||||
SWEDEN — 2.6% | ||||||||
Electrolux AB (a) | 2,886 | 73,592 | ||||||
Hennes & Mauritz AB (Class B) | 4,988 | 178,746 | ||||||
252,338 | ||||||||
SWITZERLAND — 3.8% | ||||||||
Compagnie Financiere Richemont SA | 2,720 | 213,992 | ||||||
The Swatch Group AG | 258 | 150,395 | ||||||
364,387 | ||||||||
UNITED KINGDOM — 13.5% | ||||||||
British Sky Broadcasting Group PLC | 7,889 | 105,775 | ||||||
Burberry Group PLC | 3,139 | 63,346 | ||||||
Carnival PLC | 1,579 | 55,241 | ||||||
Compass Group PLC | 12,036 | 153,610 | ||||||
GKN PLC | 10,912 | 43,826 | ||||||
Home Retail Group PLC | 8,710 | 20,526 | ||||||
Informa PLC | 6,017 | 48,104 | ||||||
ITV PLC | 25,680 | 50,458 | ||||||
Kingfisher PLC | 21,078 | 92,113 | ||||||
Marks & Spencer Group PLC | 11,305 | 66,948 | ||||||
Next PLC | 1,908 | 126,492 | ||||||
Pearson PLC | 6,725 | 120,905 | ||||||
Reed Elsevier PLC | 8,249 | 97,826 | ||||||
Tui Travel PLC | 9,307 | 46,014 | ||||||
Whitbread PLC | 2,150 | 83,837 | ||||||
WPP PLC | 8,213 | 130,821 | ||||||
1,305,842 | ||||||||
UNITED STATES — 1.7% | ||||||||
Virgin Media, Inc. | 3,262 | 159,740 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $9,198,792) | 9,647,601 | |||||||
SHORT TERM INVESTMENTS — 3.3% | ||||||||
UNITED STATES — 3.3% | ||||||||
MONEY MARKET FUNDS — 3.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 300,206 | 300,206 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (d)(e) | 22,010 | 22,010 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $322,216) | 322,216 | |||||||
TOTAL INVESTMENTS — 102.7% | ||||||||
(Cost $9,521,008) | 9,969,817 | |||||||
OTHER ASSETS & LIABILITIES — (2.7)% | (265,787 | ) | ||||||
NET ASSETS — 100.0% | $ | 9,704,030 | ||||||
(a) | A portion of the security was on loan at March 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. |
PLC = Public Limited Company
See accompanying notes to financial statements.
218
SPDR S&P International Consumer Staples Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.1% | ||||||||
AUSTRALIA — 7.4% | ||||||||
Coca-Cola Amatil, Ltd. | 17,298 | $ | 262,936 | |||||
Shopping Centres Australasia Property Group (a)(b) | 3,652 | 6,301 | ||||||
Treasury Wine Estates, Ltd. | 20,090 | 119,176 | ||||||
Wesfarmers, Ltd. | 29,008 | 1,215,740 | ||||||
Woolworths, Ltd. | 31,425 | 1,107,032 | ||||||
2,711,185 | ||||||||
BELGIUM — 5.8% | ||||||||
Anheuser-Busch InBev NV | 19,189 | 1,903,485 | ||||||
Anheuser-Busch InBev NV — VVPR Strip (a)(c) | 2,040 | 0 | ||||||
Delhaize Group (b) | 3,981 | 217,541 | ||||||
2,121,026 | ||||||||
CANADA — 2.1% | ||||||||
Alimentation Couche-Tard, Inc. (Class B) | 2,233 | 121,019 | ||||||
Loblaw Cos., Ltd. (b) | 6,509 | 273,827 | ||||||
Shoppers Drug Mart Corp. (b) | 8,237 | 352,441 | ||||||
SunOpta, Inc. (a)(b) | 3,077 | 22,154 | ||||||
769,441 | ||||||||
DENMARK — 0.9% | ||||||||
Carlsberg A/S (Class B) (b) | 3,540 | 345,128 | ||||||
FINLAND — 0.4% | ||||||||
Kesko Oyj (Class B) | 4,440 | 138,943 | ||||||
FRANCE — 8.6% | ||||||||
Carrefour SA | 13,928 | 381,933 | ||||||
Casino Guichard-Perrachon SA | 2,328 | 245,070 | ||||||
Danone | 14,419 | 1,005,017 | ||||||
L’Oreal SA | 5,637 | 895,398 | ||||||
Pernod — Ricard SA | 5,075 | 633,499 | ||||||
3,160,917 | ||||||||
GERMANY — 2.6% | ||||||||
Beiersdorf AG | 3,629 | 335,706 | ||||||
Henkel AG & Co. KGaA | 244 | 19,301 | ||||||
Henkel AG & Co. KGaA Preference Shares | 6,093 | 587,505 | ||||||
942,512 | ||||||||
GREECE — 0.2% | ||||||||
Coca Cola Hellenic Bottling Co. SA (a) | 2,227 | 59,767 | ||||||
HONG KONG — 0.5% | ||||||||
Pacific Andes International Holdings, Ltd. | 1,358,346 | 66,494 | ||||||
Vitasoy International Holdings, Ltd. | 114,000 | 128,500 | ||||||
194,994 | ||||||||
IRELAND — 0.5% | ||||||||
Kerry Group PLC (Class A) | 3,400 | 202,951 | ||||||
JAPAN — 13.1% | ||||||||
Aeon Co., Ltd. | 20,805 | 268,858 | ||||||
Ajinomoto Co., Inc. | 18,728 | 281,856 | ||||||
Asahi Breweries, Ltd. | 16,982 | 406,217 | ||||||
Calbee, Inc. | 200 | 16,231 | ||||||
FamilyMart Co., Ltd. | 400 | 18,507 | ||||||
Fuji Oil Co., Ltd. | 1,400 | 21,740 | ||||||
Fujicco Co., Ltd. | 1,000 | 11,817 | ||||||
Hokuto Corp. | 1,500 | 27,920 | ||||||
Japan Tobacco, Inc. | 24,700 | 788,130 | ||||||
Kao Corp. | 17,274 | 565,879 | ||||||
Kewpie Corp. | 1,600 | 22,838 | ||||||
KEY Coffee, Inc. | 1,700 | 27,610 | ||||||
Kikkoman Corp. | 2,000 | 35,248 | ||||||
Kirin Holdings Co., Ltd. | 19,739 | 317,226 | ||||||
Lawson, Inc. | 3,724 | 287,162 | ||||||
Lion Corp. | 2,000 | 11,019 | ||||||
MEIJI Holdings Co., Ltd. | 1,500 | 69,639 | ||||||
Nichirei Corp. | 37,388 | 223,087 | ||||||
Nippon Meat Packers, Inc. | 1,000 | 16,496 | ||||||
Oenon Holdings, Inc. | 61,000 | 161,551 | ||||||
Seven & I Holdings Co., Ltd. | 18,877 | 625,419 | ||||||
Shiseido Co., Ltd. | 15,193 | 214,434 | ||||||
Toyo Suisan Kaisha, Ltd. | 1,000 | 30,632 | ||||||
Unicharm Corp. | 2,200 | 130,334 | ||||||
UNY Group Holdings Co., Ltd. | 15,000 | 118,539 | ||||||
Yakult Honsha Co., Ltd. | 2,200 | 89,034 | ||||||
Yamazaki Baking Co., Ltd. | 1,000 | 13,614 | ||||||
4,801,037 | ||||||||
LUXEMBOURG — 0.1% | ||||||||
Oriflame Cosmetics SA SDR (b) | 1,127 | 38,480 | ||||||
NETHERLANDS — 7.8% | ||||||||
DE Master Blenders 1753 NV (a) | 5,550 | 85,877 | ||||||
Heineken NV | 7,637 | 576,632 | ||||||
Koninklijke Ahold NV | 31,710 | 486,793 | ||||||
Unilever NV | 42,298 | 1,735,631 | ||||||
2,884,933 | ||||||||
NORWAY — 0.3% | ||||||||
Marine Harvest (a) | 113,502 | 105,377 | ||||||
SINGAPORE — 1.1% | ||||||||
Golden Agri-Resources, Ltd. (b) | 247,075 | 115,511 | ||||||
Olam International, Ltd. (b) | 58,590 | 81,231 | ||||||
Wilmar International, Ltd. (b) | 76,000 | 211,349 | ||||||
408,091 | ||||||||
SOUTH KOREA — 2.3% | ||||||||
Able C&C Co., Ltd. | 247 | 19,092 | ||||||
Amorepacific Corp. | 41 | 36,003 | ||||||
AMOREPACIFIC Group | 37 | 13,236 | ||||||
Binggrae Co., Ltd. | 180 | 21,275 | ||||||
CJ CheilJedang Corp. | 141 | 44,166 | ||||||
Crown Confectionery Co., Ltd. | 100 | 23,773 | ||||||
Dae Han Flour Mills Co., Ltd. | 180 | 21,355 | ||||||
Daesang Corp. | 880 | 29,818 | ||||||
Dongsuh Co., Inc. | 1,061 | 23,221 | ||||||
Dongwon Industries Co., Ltd. | 72 | 18,929 | ||||||
E-Mart Co., Ltd. | 378 | 74,744 | ||||||
KT&G Corp. | 2,257 | 155,389 | ||||||
LG Household & Health Care, Ltd. | 194 | 107,410 | ||||||
Lotte Confectionery Co., Ltd. | 16 | 26,331 | ||||||
Lotte Samkang Co., Ltd. | 49 | 37,699 | ||||||
Maeil Dairy Industry Co., Ltd. | 658 | 24,011 | ||||||
Namyang Dairy Products Co., Ltd. | 18 | 17,278 | ||||||
NongShim Co., Ltd. | 68 | 19,069 |
See accompanying notes to financial statements.
219
SPDR S&P International Consumer Staples Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
ORION Corp. | 77 | $ | 74,952 | |||||
Ottogi Corp. | 85 | 24,829 | ||||||
Sajo Industries Co., Ltd. (a) | 360 | 16,825 | ||||||
829,405 | ||||||||
SPAIN — 0.5% | ||||||||
Ebro Puleva SA | 9,843 | 195,910 | ||||||
SWEDEN — 1.0% | ||||||||
Svenska Cellulosa AB | 794 | 20,467 | ||||||
Svenska Cellulosa AB (Class B) | 4,888 | 126,297 | ||||||
Swedish Match AB | 7,707 | 239,792 | ||||||
386,556 | ||||||||
SWITZERLAND — 15.7% | ||||||||
Lindt & Spruengli AG (a) | 72 | 277,751 | ||||||
Nestle SA | 75,815 | 5,496,277 | ||||||
5,774,028 | ||||||||
UNITED KINGDOM — 28.2% | ||||||||
British American Tobacco PLC | 44,024 | 2,357,739 | ||||||
Diageo PLC | 59,369 | 1,870,590 | ||||||
Imperial Tobacco Group PLC | 23,060 | 805,006 | ||||||
J Sainsbury PLC | 41,515 | 238,601 | ||||||
Reckitt Benckiser Group PLC | 16,123 | 1,155,060 | ||||||
SABMiller PLC | 20,172 | 1,061,030 | ||||||
Tate & Lyle PLC | 18,083 | 233,394 | ||||||
Tesco PLC | 185,734 | 1,076,077 | ||||||
Unilever PLC | 30,893 | 1,305,960 | ||||||
William Morrison Supermarkets PLC | 63,079 | 264,551 | ||||||
10,368,008 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $32,860,085) | 36,438,689 | |||||||
SHORT TERM INVESTMENTS — 1.4% | ||||||||
UNITED STATES — 1.4% | ||||||||
MONEY MARKET FUNDS — 1.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 397,960 | 397,960 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (e)(f) | 134,788 | 134,788 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $532,748) | 532,748 | |||||||
TOTAL INVESTMENTS — 100.5% | ||||||||
(Cost $33,392,833) | 36,971,437 | |||||||
OTHER ASSETS & LIABILITIES — (0.5)% | (198,308 | ) | ||||||
NET ASSETS — 100.0% | $ | 36,773,129 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 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) | 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. |
PLC = Public Limited Company
SDR = Swedish Depositary Receipt
See accompanying notes to financial statements.
220
SPDR S&P International Energy Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.4% | ||||||||
AUSTRALIA — 5.8% | ||||||||
Aurora Oil & Gas, Ltd. (a)(b) | 2,651 | $ | 9,121 | |||||
Karoon Gas Australia, Ltd. (a) | 1,394 | 7,441 | ||||||
Linc Energy, Ltd. (a)(b) | 4,351 | 10,161 | ||||||
Origin Energy, Ltd. | 9,667 | 133,840 | ||||||
Paladin Energy, Ltd. (a)(b) | 7,807 | 8,058 | ||||||
Santos, Ltd. | 11,649 | 150,958 | ||||||
Whitehaven Coal, Ltd. (b) | 3,289 | 7,269 | ||||||
Woodside Petroleum, Ltd. | 5,982 | 223,393 | ||||||
WorleyParsons, Ltd. | 3,225 | 83,013 | ||||||
633,254 | ||||||||
AUSTRIA — 0.6% | ||||||||
OMV AG | 1,597 | 68,032 | ||||||
BERMUDA — 0.9% | ||||||||
Seadrill, Ltd. | 2,693 | 97,747 | ||||||
CANADA — 28.8% | ||||||||
ARC Resources, Ltd. (b) | 2,393 | 63,220 | ||||||
Athabasca Oil Corp. (a) | 4,758 | 42,571 | ||||||
Baytex Energy Corp. (b) | 972 | 40,728 | ||||||
Bonavista Energy Corp. (b) | 2,780 | 40,881 | ||||||
Cameco Corp. | 4,729 | 98,122 | ||||||
Canadian Natural Resources, Ltd. | 9,618 | 308,340 | ||||||
Canadian Oil Sands, Ltd. | 3,983 | 82,095 | ||||||
Cenovus Energy, Inc. | 6,912 | 214,038 | ||||||
Chinook Energy, Inc. (a) | 8,978 | 10,163 | ||||||
Crescent Point Energy Corp. (b) | 2,897 | 109,356 | ||||||
Enbridge, Inc. | 7,261 | 338,053 | ||||||
EnCana Corp. | 8,260 | 160,655 | ||||||
Enerplus Corp. (b) | 2,628 | 38,387 | ||||||
Gran Tierra Energy, Inc. (a) | 1,957 | 11,423 | ||||||
Husky Energy, Inc. (b) | 2,979 | 85,504 | ||||||
Imperial Oil, Ltd. (b) | 2,129 | 87,008 | ||||||
Kelt Exploration, Ltd. (a)(b) | 50 | 327 | ||||||
Keyera Corp. (b) | 500 | 28,097 | ||||||
MEG Energy Corp. (a) | 1,060 | 34,024 | ||||||
Niko Resources, Ltd. | 889 | 5,592 | ||||||
Pacific Rubiales Energy Corp. | 2,518 | 53,138 | ||||||
Paramount Resources, Ltd. (a) | 300 | 11,073 | ||||||
Pembina Pipeline Corp. (b) | 2,400 | 75,831 | ||||||
Pengrowth Energy Corp. (b) | 4,200 | 21,415 | ||||||
Penn West Petroleum, Ltd. | 3,154 | 33,937 | ||||||
PetroBakken Energy, Ltd. | 1,353 | 11,759 | ||||||
Petrobank Energy & Resources, Ltd. (a) | 1,225 | 844 | ||||||
Petrominerales, Ltd. (b) | 1,800 | 10,949 | ||||||
Peyto Exploration & Development Corp. (b) | 1,100 | 29,169 | ||||||
Precision Drilling Corp. (b) | 4,802 | 44,383 | ||||||
ShawCor, Ltd. (Class A) | 500 | 21,197 | ||||||
Suncor Energy, Inc. | 13,918 | 417,013 | ||||||
Talisman Energy, Inc. (b) | 9,014 | 110,196 | ||||||
Tourmaline Oil Corp. (a) | 1,060 | 40,983 | ||||||
TransCanada Corp. (b) | 6,950 | 331,783 | ||||||
Trican Well Service, Ltd. (b) | 2,301 | 33,747 | ||||||
Trilogy Energy Corp. | 400 | 11,536 | ||||||
Uranium One, Inc. (a) | 5,549 | 15,293 | ||||||
Vermilion Energy, Inc. (b) | 1,634 | 84,599 | ||||||
3,157,429 | ||||||||
FINLAND — 0.2% | ||||||||
Neste Oil Oyj | 1,284 | 18,137 | ||||||
FRANCE — 10.3% | ||||||||
Bourbon SA | 870 | 24,114 | ||||||
Compagnie Generale de Geophysique-Veritas (a) | 2,107 | 47,537 | ||||||
Technip SA | 1,003 | 103,010 | ||||||
Total SA | 19,811 | 950,285 | ||||||
1,124,946 | ||||||||
ITALY — 5.4% | ||||||||
ENI SpA | 22,397 | 504,163 | ||||||
Saipem SpA | 2,421 | 74,580 | ||||||
Saras SpA (a) | 9,858 | 11,994 | ||||||
590,737 | ||||||||
JAPAN — 3.1% | ||||||||
Cosmo Oil Co., Ltd. (a) | 4,000 | 8,424 | ||||||
Idemitsu Kosan Co., Ltd. | 300 | 25,910 | ||||||
Inpex Corp. | 20 | 106,360 | ||||||
Japan Petroleum Exploration Co. | 200 | 7,945 | ||||||
JX Holdings, Inc. | 27,997 | 155,142 | ||||||
Showa Shell Sekiyu K.K. | 1,500 | 11,104 | ||||||
TonenGeneral Sekiyu K.K. | 3,000 | 29,483 | ||||||
344,368 | ||||||||
LUXEMBOURG — 1.3% | ||||||||
Subsea 7 SA (b) | 2,594 | 60,708 | ||||||
Tenaris SA (b) | 4,194 | 85,361 | ||||||
146,069 | ||||||||
NETHERLANDS — 10.3% | ||||||||
Fugro NV | 463 | 25,672 | ||||||
Royal Dutch Shell PLC (Class A) | 32,496 | 1,050,524 | ||||||
SBM Offshore NV (a) | 3,335 | 55,287 | ||||||
1,131,483 | ||||||||
NORWAY — 3.4% | ||||||||
Aker Solutions ASA | 2,946 | 54,854 | ||||||
DNO International ASA (a) | 5,418 | 9,382 | ||||||
Golar LNG, Ltd. | 260 | 9,610 | ||||||
Kvaerner ASA | 4,946 | 10,261 | ||||||
Petroleum Geo-Services ASA | 2,693 | 41,555 | ||||||
StatoilHydro ASA | 9,188 | 222,434 | ||||||
TGS Nopec Geophysical Co. ASA | 534 | 20,142 | ||||||
368,238 | ||||||||
PAPUA NEW GUINEA — 1.0% | ||||||||
Oil Search, Ltd. | 13,800 | 106,897 | ||||||
PORTUGAL — 0.3% | ||||||||
Galp Energia SGPS SA (Class B) | 2,201 | 34,537 | ||||||
SINGAPORE — 0.1% | ||||||||
Ezion Holdings, Ltd. | 6,000 | 10,495 | ||||||
SOUTH KOREA — 1.2% | ||||||||
GS Holdings | 425 | 24,485 | ||||||
Hankook Shell Oil Co., Ltd. | 35 | 10,066 | ||||||
S-Oil Corp. | 342 | 28,649 |
See accompanying notes to financial statements.
221
SPDR S&P International Energy Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
SK Innovation Co., Ltd. | 453 | $ | 65,959 | |||||
129,159 | ||||||||
SPAIN — 1.4% | ||||||||
Repsol YPF SA | 7,724 | 157,206 | ||||||
SWEDEN — 0.3% | ||||||||
Lundin Petroleum AB (a) | 1,602 | 34,740 | ||||||
UNITED KINGDOM — 25.0% | ||||||||
Afren PLC (a) | 9,020 | 19,421 | ||||||
AMEC PLC | 4,642 | 74,434 | ||||||
BG Group PLC | 28,920 | 495,784 | ||||||
BP PLC | 160,131 | 1,118,252 | ||||||
Cairn Energy PLC (a) | 6,734 | 27,966 | ||||||
John Wood Group PLC | 1,348 | 17,736 | ||||||
Ophir Energy PLC (a) | 3,691 | 25,955 | ||||||
Petrofac, Ltd. | 1,227 | 26,699 | ||||||
Premier Oil PLC (a) | 5,155 | 30,426 | ||||||
Royal Dutch Shell PLC (Class B) | 22,216 | 737,086 | ||||||
Tullow Oil PLC | 8,844 | 165,313 | ||||||
2,739,072 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $12,811,378) | 10,892,546 | |||||||
SHORT TERM INVESTMENTS — 6.6% | ||||||||
UNITED STATES — 6.6% | ||||||||
MONEY MARKET FUNDS — 6.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 715,413 | 715,413 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (d)(e) | 2,624 | 2,624 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $718,037) | 718,037 | |||||||
TOTAL INVESTMENTS — 106.0% | ||||||||
(Cost $13,529,415) | 11,610,583 | |||||||
OTHER ASSETS & LIABILITIES — (6.0)% | (658,291 | ) | ||||||
NET ASSETS — 100.0% | $ | 10,952,292 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 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. |
PLC = Public Limited Company
See accompanying notes to financial statements.
222
SPDR S&P International Financial Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
AUSTRALIA — 13.9% | ||||||||
AMP, Ltd. | 5,339 | $ | 29,000 | |||||
ASX, Ltd. | 643 | 24,260 | ||||||
Australia & New Zealand Banking Group, Ltd. | 6,262 | 186,257 | ||||||
Commonwealth Bank of Australia | 3,328 | 235,968 | ||||||
Macquarie Group, Ltd. | 1,384 | 53,603 | ||||||
National Australia Bank, Ltd. | 4,758 | 152,980 | ||||||
QBE Insurance Group, Ltd. | 3,432 | 48,339 | ||||||
Stockland | 15,641 | 59,519 | ||||||
Westfield Group | 7,616 | 86,150 | ||||||
Westfield Retail Trust | 5,042 | 15,875 | ||||||
Westpac Banking Corp. | 6,501 | 208,479 | ||||||
1,100,430 | ||||||||
AUSTRIA — 0.6% | ||||||||
Erste Group Bank AG (a) | 894 | 24,946 | ||||||
Sparkassen Immobilien AG | 4,411 | 26,553 | ||||||
51,499 | ||||||||
BELGIUM — 0.5% | ||||||||
Ageas | 712 | 24,123 | ||||||
Dexia SA (a)(b) | 4,264 | 274 | ||||||
Groupe Bruxelles Lambert SA | 216 | 16,545 | ||||||
40,942 | ||||||||
BERMUDA — 0.7% | ||||||||
Lancashire Holdings, Ltd. | 4,200 | 51,594 | ||||||
CANADA — 12.8% | ||||||||
Bank of Montreal | 1,676 | 105,481 | ||||||
Bank of Nova Scotia (b) | 2,495 | 145,164 | ||||||
Brookfield Asset Management, Inc. (Class A) (b) | 2,353 | 85,926 | ||||||
Canadian Imperial Bank of Commerce (b) | 774 | 60,704 | ||||||
IGM Financial, Inc. (b) | 1,198 | 53,972 | ||||||
Manulife Financial Corp. (b) | 4,739 | 69,782 | ||||||
National Bank of Canada (b) | 792 | 58,163 | ||||||
Power Corp. of Canada (b) | 789 | 21,202 | ||||||
Royal Bank of Canada (b) | 3,296 | 198,548 | ||||||
Sun Life Financial, Inc. (b) | 2,076 | 56,643 | ||||||
The Toronto-Dominion Bank | 1,866 | 155,349 | ||||||
1,010,934 | ||||||||
DENMARK — 0.9% | ||||||||
Danske Bank A/S (a) | 2,840 | 50,876 | ||||||
Sydbank A/S (a) | 1,188 | 24,372 | ||||||
75,248 | ||||||||
FINLAND — 1.1% | ||||||||
Pohjola Bank PLC (b) | 3,436 | 50,034 | ||||||
Technopolis Oyj | 7,391 | 35,495 | ||||||
85,529 | ||||||||
FRANCE — 4.5% | ||||||||
AXA SA | 4,882 | 84,067 | ||||||
BNP Paribas | 2,878 | 147,973 | ||||||
Credit Agricole SA (a) | 2,754 | 22,725 | ||||||
Societe Generale (a) | 1,325 | 43,608 | ||||||
Unibail-Rodamco SE | 239 | 55,764 | ||||||
354,137 | ||||||||
GERMANY — 5.4% | ||||||||
Allianz SE | 1,240 | 168,702 | ||||||
Commerzbank AG (a)(b) | 3,360 | 4,940 | ||||||
Deutsche Bank AG | 2,195 | 85,728 | ||||||
Deutsche Beteiligungs AG (b) | 1,667 | 40,275 | ||||||
Deutsche Boerse AG | 256 | 15,531 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 581 | 108,851 | ||||||
424,027 | ||||||||
HONG KONG — 6.7% | ||||||||
AIA Group, Ltd. | 11,000 | 48,179 | ||||||
Bank of East Asia, Ltd. (b) | 12,979 | 51,163 | ||||||
Cheung Kong Holdings, Ltd. | 7,967 | 117,617 | ||||||
Hang Lung Properties, Ltd. | 8,922 | 33,331 | ||||||
Hong Kong Exchanges and Clearing, Ltd. (b) | 2,603 | 44,330 | ||||||
New World Development Co., Ltd. | 23,371 | 39,561 | ||||||
Sun Hung Kai Properties, Ltd. | 7,228 | 97,396 | ||||||
The Link REIT | 4,445 | 24,221 | ||||||
Wharf Holdings, Ltd. | 7,933 | 70,718 | ||||||
526,516 | ||||||||
ITALY — 2.0% | ||||||||
Assicurazioni Generali SpA | 3,331 | 51,927 | ||||||
Banca Monte dei Paschi di Siena SpA (a) | 21,407 | 5,085 | ||||||
Banca Popolare dell’Etruria e del Lazio | 6,503 | 3,110 | ||||||
Banco Popolare Societa Cooperativa (a) | 6,882 | 8,691 | ||||||
Intesa Sanpaolo SpA | 19,338 | 28,358 | ||||||
UBI Banca ScPA | 3,285 | 12,123 | ||||||
UniCredit SpA (a) | 11,348 | 48,525 | ||||||
157,819 | ||||||||
JAPAN — 15.8% | ||||||||
Chuo Mitsui Trust Holdings, Inc. | 14,933 | 70,361 | ||||||
Daiwa Securities Group, Inc. | 7,900 | 55,120 | ||||||
Mitsubishi Estate Co., Ltd. | 7,000 | 193,278 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 28,649 | 170,029 | ||||||
Mizuho Financial Group, Inc. | 41,525 | 87,891 | ||||||
MS&AD Insurance Group Holdings, Inc. | 1,686 | 37,048 | ||||||
NKSJ Holdings, Inc. | 1,500 | 31,334 | ||||||
Nomura Holdings, Inc. | 11,196 | 68,710 | ||||||
ORIX Corp. | 3,970 | 50,290 | ||||||
Resona Holdings, Inc. | 4,156 | 21,571 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 3,269 | 131,254 | ||||||
T&D Holdings, Inc. | 3,300 | 39,872 | ||||||
The Bank of Yokohama, Ltd. | 6,000 | 34,780 | ||||||
The Dai-ichi Life Insurance Co., Ltd. | 23 | 30,945 | ||||||
The Shizuoka Bank, Ltd. | 8,000 | 90,194 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 8,922 | 64,813 | ||||||
Tokio Marine Holdings, Inc. | 2,479 | 69,872 | ||||||
1,247,362 | ||||||||
NETHERLANDS — 1.1% | ||||||||
Aegon NV | 4,479 | 26,980 | ||||||
ING Groep NV (a) | 7,997 | 56,859 | ||||||
83,839 | ||||||||
NEW ZEALAND — 0.8% | ||||||||
Precinct Properties | 68,938 | 59,792 | ||||||
See accompanying notes to financial statements.
223
SPDR S&P International Financial Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
NORWAY — 0.4% | ||||||||
SpareBank 1 SR Bank ASA | 4,136 | $ | 35,457 | |||||
PORTUGAL — 0.0% (c) | ||||||||
BANIF — Banco Internacional do Funchal SA (a) | 8,326 | 1,304 | ||||||
SINGAPORE — 3.0% | ||||||||
CapitaLand, Ltd. (b) | 8,922 | 25,387 | ||||||
Hong Leong Finance, Ltd. | 15,867 | 35,556 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 6,366 | �� | 54,649 | |||||
United Overseas Bank, Ltd. | 7,355 | 120,824 | ||||||
236,416 | ||||||||
SOUTH KOREA — 0.8% | ||||||||
KB Financial Group, Inc. ADR (a) | 771 | 25,818 | ||||||
Shinhan Financial Group Co., Ltd. ADR (a) | 959 | 34,903 | ||||||
60,721 | ||||||||
SPAIN — 3.5% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 11,611 | 100,834 | ||||||
Banco de Sabadell SA (a)(b) | 12,109 | 22,266 | ||||||
Banco Popular Espanol SA (a) | 19,497 | 14,471 | ||||||
Banco Santander SA | 19,541 | 131,535 | ||||||
Bolsas y Mercados Espanoles (b) | 470 | 11,564 | ||||||
280,670 | ||||||||
SWEDEN — 3.6% | ||||||||
Investor AB | 1,229 | 35,574 | ||||||
Kinnevik Investment AB (Class B) | 720 | 17,485 | ||||||
Nordea Bank AB | 8,087 | 91,790 | ||||||
Skandinaviska Enskilda Banken AB (Class A) (b) | 6,350 | 63,920 | ||||||
Svenska Handelsbanken AB (Class A) (b) | 1,785 | 76,457 | ||||||
285,226 | ||||||||
SWITZERLAND — 6.0% | ||||||||
Credit Suisse Group AG (a) | 2,896 | 76,181 | ||||||
GAM Holding AG (a) | 983 | 16,661 | ||||||
Julius Baer Group, Ltd. (a) | 886 | 34,534 | ||||||
Swiss Re AG (a) | 1,279 | 104,270 | ||||||
UBS AG (a) | 8,085 | 124,227 | ||||||
Valiant Holding AG (a) | 56 | 4,997 | ||||||
Zurich Insurance Group AG (a) | 405 | 112,996 | ||||||
473,866 | ||||||||
UNITED KINGDOM — 15.1% | ||||||||
Aviva PLC | 8,413 | 37,839 | ||||||
Barclays PLC | 25,999 | 114,941 | ||||||
British Land Co. PLC | 4,527 | 37,360 | ||||||
HSBC Holdings PLC | 38,316 | 408,721 | ||||||
Land Securities Group PLC | 4,022 | 50,629 | ||||||
Lloyds Banking Group PLC (a) | 90,673 | 67,038 | ||||||
Man Group PLC | 6,730 | 9,110 | ||||||
Old Mutual PLC | 11,041 | 33,983 | ||||||
Provident Financial PLC | 2,509 | 59,585 | ||||||
Prudential PLC | 7,900 | 127,755 | ||||||
Resolution, Ltd. | 4,331 | 17,921 | ||||||
Royal Bank of Scotland Group PLC (a) | 4,751 | 19,875 | ||||||
RSA Insurance Group PLC | 22,685 | 40,095 | ||||||
Standard Chartered PLC | 4,097 | 105,976 | ||||||
Standard Life PLC | 11,404 | 63,257 | ||||||
1,194,085 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $8,678,115) | 7,837,413 | |||||||
SHORT TERM INVESTMENTS — 5.2% | ||||||||
UNITED STATES — 5.2% | ||||||||
MONEY MARKET FUNDS — 5.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 396,636 | 396,636 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (e)(f) | 13,774 | 13,774 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $410,410) | 410,410 | |||||||
TOTAL INVESTMENTS — 104.4% | ||||||||
(Cost $9,088,525) | 8,247,823 | |||||||
OTHER ASSETS & LIABILITIES — (4.4)% | (347,668 | ) | ||||||
NET ASSETS — 100.0% | $ | 7,900,155 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 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. |
ADR = American Depositary Receipt
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
224
SPDR S&P International Health Care Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.1% | ||||||||
AUSTRALIA — 4.9% | ||||||||
Ansell, Ltd. (a) | 3,303 | $ | 55,337 | |||||
Cochlear, Ltd. | 2,274 | 161,330 | ||||||
CSL, Ltd. | 14,536 | 897,601 | ||||||
Mesoblast, Ltd. (a)(b) | 4,463 | 28,615 | ||||||
Primary Health Care, Ltd. (a) | 11,545 | 59,700 | ||||||
Ramsay Health Care, Ltd. | 6,547 | 220,466 | ||||||
Sigma Pharmaceuticals, Ltd. | 33,032 | 25,484 | ||||||
Sonic Healthcare, Ltd. | 14,499 | 210,565 | ||||||
1,659,098 | ||||||||
BELGIUM — 1.1% | ||||||||
ThromboGenics NV (b) | 3,845 | 185,596 | ||||||
UCB SA | 2,909 | 186,025 | ||||||
371,621 | ||||||||
CANADA — 2.9% | ||||||||
Catamaran Corp. (b) | 5,885 | 311,816 | ||||||
CML HealthCare, Inc. (a) | 2,551 | 18,230 | ||||||
Valeant Pharmaceuticals International, Inc. (b) | 8,419 | 631,953 | ||||||
961,999 | ||||||||
DENMARK — 5.8% | ||||||||
Coloplast A/S (Class B) | 4,705 | 253,586 | ||||||
GN Store Nord A/S | 5,566 | 99,230 | ||||||
H. Lundbeck A/S | 4,445 | 82,001 | ||||||
Novo Nordisk A/S (Class B) | 8,800 | 1,432,435 | ||||||
William Demant Holding (a)(b) | 1,110 | 93,171 | ||||||
1,960,423 | ||||||||
FINLAND — 0.4% | ||||||||
Orion Oyj (Class A) | 1,208 | 31,505 | ||||||
Orion Oyj (Class B) (a) | 3,859 | 101,535 | ||||||
133,040 | ||||||||
FRANCE — 9.9% | ||||||||
bioMerieux | 623 | 58,856 | ||||||
Essilor International SA | 6,531 | 727,525 | ||||||
Orpea | 822 | 34,289 | ||||||
Sanofi | 24,217 | 2,465,062 | ||||||
Virbac SA | 127 | 29,305 | ||||||
3,315,037 | ||||||||
GERMANY — 9.8% | ||||||||
Bayer AG | 16,660 | 1,721,502 | ||||||
Celesio AG | 3,876 | 72,916 | ||||||
Fresenius Medical Care AG & Co. KGaA | 5,846 | 395,235 | ||||||
Fresenius SE | 3,656 | 452,050 | ||||||
Gerresheimer AG | 1,887 | 108,615 | ||||||
Merck KGaA | 2,342 | 353,966 | ||||||
Rhoen-Klinikum AG | 3,547 | 75,403 | ||||||
Stada Arzneimittel AG | 2,950 | 120,992 | ||||||
3,300,679 | ||||||||
IRELAND — 0.8% | ||||||||
Elan Corp. PLC (b) | 21,596 | 248,723 | ||||||
United Drug PLC | 6,474 | 26,670 | ||||||
275,393 | ||||||||
ISRAEL — 3.2% | ||||||||
Teva Pharmaceutical Industries, Ltd. | 26,993 | 1,063,603 | ||||||
ITALY — 0.2% | ||||||||
DiaSorin SpA (a) | 754 | 26,432 | ||||||
Recordati SpA | 2,936 | 26,617 | ||||||
Sorin SpA (b) | 9,217 | 23,695 | ||||||
76,744 | ||||||||
JAPAN — 17.1% | ||||||||
Alfresa Holdings Corp. | 1,500 | 81,206 | ||||||
Astellas Pharma, Inc. | 13,400 | 721,166 | ||||||
Chugai Pharmaceutical Co., Ltd. | 6,025 | 136,687 | ||||||
Daiichi Sankyo Co., Ltd. | 18,500 | 357,131 | ||||||
Dainippon Sumitomo Pharma Co., Ltd. | 4,900 | 91,465 | ||||||
Eisai Co., Ltd. | 8,300 | 370,772 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 2,300 | 125,739 | ||||||
Kaken Pharmaceutical Co., Ltd. | 2,000 | 36,673 | ||||||
Kissei Pharmaceutical Co., Ltd. | 1,200 | 25,271 | ||||||
KYORIN Holdings, Inc. | 1,800 | 43,995 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 15,422 | 176,167 | ||||||
M3, Inc. | 6 | 11,608 | ||||||
Medipal Holdings Corp. | 8,400 | 118,915 | ||||||
Miraca Holdings, Inc. | 1,700 | 82,903 | ||||||
Mitsubishi Tanabe Pharma Corp. | 7,100 | 109,120 | ||||||
Mochida Pharmaceutical Co., Ltd. | 2,000 | 25,846 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 1,100 | 25,026 | ||||||
Nihon Kohden Corp. | 1,300 | 45,352 | ||||||
Nikkiso Co., Ltd. | 2,000 | 24,399 | ||||||
Nippon Shinyaku Co., Ltd. | 2,000 | 28,419 | ||||||
Nipro Corp. | 3,400 | 30,268 | ||||||
Olympus Corp. (b) | 7,800 | 183,427 | ||||||
Ono Pharmaceutical Co., Ltd. | 3,300 | 201,117 | ||||||
Otsuka Holdings Co., Ltd. | 14,900 | 522,974 | ||||||
Rohto Pharmaceutical Co., Ltd. | 3,000 | 41,098 | ||||||
Santen Pharmaceutical Co., Ltd. | 2,300 | 108,860 | ||||||
Sawai Pharmaceutical Co., Ltd. | 400 | 47,734 | ||||||
Shionogi & Co., Ltd. | 8,100 | 167,393 | ||||||
Ship Healthcare Holdings, Inc. | 1,000 | 34,833 | ||||||
Suzuken Co., Ltd. | 1,900 | 70,730 | ||||||
Sysmex Corp. | 2,300 | 141,640 | ||||||
Taisho Pharmaceutical Holdings Co., Ltd. | 1,400 | 101,553 | ||||||
Takeda Pharmaceutical Co., Ltd. | 21,200 | 1,134,184 | ||||||
Terumo Corp. | 5,200 | 223,995 | ||||||
Toho Holdings Co., Ltd. | 1,900 | 43,974 | ||||||
Tsumura & Co. | 1,600 | 59,136 | ||||||
5,750,776 | ||||||||
LUXEMBOURG — 0.2% | ||||||||
Eurofins Scientific | 223 | 46,905 | ||||||
NETHERLANDS — 0.6% | ||||||||
QIAGEN NV (b) | 9,069 | 189,356 | ||||||
NEW ZEALAND — 0.4% | ||||||||
Fisher & Paykel Healthcare Corp., Ltd. | 41,343 | 90,771 | ||||||
Ryman Healthcare, Ltd. | 11,444 | 48,334 | ||||||
139,105 | ||||||||
NORWAY — 0.1% | ||||||||
Algeta ASA (b) | 1,220 | 41,102 | ||||||
See accompanying notes to financial statements.
225
SPDR S&P International Health Care Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
SINGAPORE — 0.1% | ||||||||
Biosensors International Group, Ltd. (b) | 39,000 | $ | 41,025 | |||||
SPAIN — 0.9% | ||||||||
Grifols SA (b) | 6,737 | 250,229 | ||||||
Grifols SA (Class B) (b) | 1,631 | 46,872 | ||||||
297,101 | ||||||||
SWEDEN — 1.6% | ||||||||
Elekta AB (Class B) | 13,224 | 201,248 | ||||||
Getinge AB (Class B) (a) | 6,590 | 201,694 | ||||||
Meda AB (Class A) | 9,995 | 118,750 | ||||||
521,692 | ||||||||
SWITZERLAND — 24.4% | ||||||||
Actelion, Ltd. (b) | 3,274 | 178,230 | ||||||
Galenica AG | 182 | 110,032 | ||||||
Lonza Group AG (b) | 1,887 | 122,751 | ||||||
Nobel Biocare Holding AG (a)(b) | 4,833 | 48,486 | ||||||
Novartis AG | 54,522 | 3,883,530 | ||||||
Roche Holding AG (c) | 820 | 192,411 | ||||||
Roche Holding AG (c) | 14,642 | 3,417,162 | ||||||
Sonova Holding AG (b) | 1,433 | 172,363 | ||||||
Straumann Holding AG (a) | 403 | 54,431 | ||||||
Tecan Group AG (b) | 307 | 28,854 | ||||||
8,208,250 | ||||||||
UNITED KINGDOM — 14.7% | ||||||||
AstraZeneca PLC | 29,252 | 1,465,563 | ||||||
BTG PLC (b) | 9,427 | 51,074 | ||||||
Dechra Pharmaceuticals PLC | 2,496 | 28,406 | ||||||
Genus PLC | 6,133 | 146,954 | ||||||
GlaxoSmithKline PLC | 100,337 | 2,344,009 | ||||||
Hikma Pharmaceuticals PLC | 3,962 | 62,206 | ||||||
Shire PLC | 16,145 | 491,288 | ||||||
Smith & Nephew PLC | 29,189 | 336,848 | ||||||
Synergy Health PLC | 1,673 | 25,860 | ||||||
4,952,208 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $28,869,147) | 33,305,157 | |||||||
SHORT TERM INVESTMENTS — 1.0% | ||||||||
UNITED STATES — 1.0% | ||||||||
MONEY MARKET FUNDS — 1.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 333,557 | 333,557 | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (d)(f) | 7,164 | 7,164 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $340,721) | 340,721 | |||||||
TOTAL INVESTMENTS — 100.1% | ||||||||
(Cost $29,209,868) | 33,645,878 | |||||||
OTHER ASSETS & LIABILITIES — (0.1)% | (19,924 | ) | ||||||
NET ASSETS — 100.0% | $ | 33,625,954 | ||||||
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(b) | Non-income producing security. | |||||
(c) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(d) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(e) | Investments of cash collateral for securities loaned. | |||||
(f) | The rate shown is the annualized seven-day yield at period end. |
PLC = Public Limited Company
See accompanying notes to financial statements.
226
SPDR S&P International Industrial Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.9% | ||||||||
AUSTRALIA — 4.4% | ||||||||
Bradken, Ltd. (a) | 4,240 | $ | 28,777 | |||||
Brambles, Ltd. | 8,011 | 70,740 | ||||||
GWA International, Ltd. (a) | 26,882 | 70,625 | ||||||
Leighton Holdings, Ltd. | 1,956 | 41,886 | ||||||
Qantas Airways, Ltd. (b) | 16,794 | 31,253 | ||||||
Seek, Ltd. (a) | 6,501 | 68,454 | ||||||
Toll Holdings, Ltd. | 9,126 | 56,420 | ||||||
Transurban Group | 17,312 | 115,150 | ||||||
483,305 | ||||||||
AUSTRIA — 0.5% | ||||||||
Andritz AG | 376 | 25,271 | ||||||
Zumtobel AG | 2,658 | 30,718 | ||||||
55,989 | ||||||||
CANADA — 4.5% | ||||||||
Bombardier, Inc. (Class B) | 7,617 | 30,215 | ||||||
CAE, Inc. | 4,562 | 44,589 | ||||||
Canadian National Railway Co. (a) | 2,263 | 227,425 | ||||||
Canadian Pacific Railway, Ltd. (a) | 722 | 94,191 | ||||||
SNC-Lavalin Group, Inc. | 1,432 | 59,933 | ||||||
Toromont Industries, Ltd. | 1,627 | 37,330 | ||||||
493,683 | ||||||||
DENMARK — 1.3% | ||||||||
A P Moller — Maersk A/S | 9 | 70,382 | ||||||
FLSmidth & Co. A/S (a) | 549 | 33,296 | ||||||
NKT Holding A/S (a) | 768 | 28,521 | ||||||
Vestas Wind Systems A/S (b) | 1,675 | 13,416 | ||||||
145,615 | ||||||||
FINLAND — 3.0% | ||||||||
Kone Oyj (Class B) | 1,956 | 154,092 | ||||||
Metso Oyj | 1,293 | 55,107 | ||||||
Wartsila Oyj (a) | 1,813 | 81,599 | ||||||
YIT Oyj | 1,876 | 39,146 | ||||||
329,944 | ||||||||
FRANCE — 6.7% | ||||||||
Air France-KLM (a)(b) | 2,718 | 25,688 | ||||||
Alstom SA | 1,437 | 58,587 | ||||||
Bouygues SA | 1,236 | 33,584 | ||||||
Bureau Veritas SA | 278 | 34,663 | ||||||
Compagnie de Saint-Gobain | 2,215 | 82,256 | ||||||
Eiffage SA | 594 | 25,178 | ||||||
Legrand SA | 1,264 | 55,218 | ||||||
Safran SA | 1,092 | 48,791 | ||||||
Schneider Electric SA | 2,825 | 206,772 | ||||||
Vallourec SA (a) | 743 | 35,778 | ||||||
Vinci SA | 3,060 | 138,097 | ||||||
744,612 | ||||||||
GERMANY — 8.7% | ||||||||
Brenntag AG | 264 | 41,290 | ||||||
Deutsche Lufthansa AG | 3,208 | 62,759 | ||||||
Deutsche Post AG | 4,980 | 114,947 | ||||||
GEA Group AG | 1,743 | 57,544 | ||||||
Hochtief AG (b) | 557 | 36,291 | ||||||
Kloeckner & Co. SE (b) | 1,478 | 20,972 | ||||||
MAN SE | 712 | 76,681 | ||||||
Pfeiffer Vacuum Technology AG | 457 | 50,497 | ||||||
SGL Carbon AG | 824 | 32,489 | ||||||
Siemens AG | 4,291 | 463,011 | ||||||
956,481 | ||||||||
GREECE — 0.1% | ||||||||
DryShips, Inc. (b) | 7,620 | 15,545 | ||||||
HONG KONG — 3.1% | ||||||||
Cathay Pacific Airways, Ltd. | 17,000 | 29,083 | ||||||
Hopewell Highway Infrastructure, Ltd. | 131,500 | 65,219 | ||||||
Hutchison Whampoa, Ltd. | 14,000 | 145,904 | ||||||
MTR Corp., Ltd. | 7,000 | 27,819 | ||||||
Noble Group, Ltd. | 39,131 | 38,323 | ||||||
Pacific Basin Shipping, Ltd. | 57,000 | 33,851 | ||||||
340,199 | ||||||||
IRELAND — 0.3% | ||||||||
DCC PLC | 926 | 32,640 | ||||||
ITALY — 1.2% | ||||||||
Ansaldo STS SpA | 2,501 | 25,050 | ||||||
Atlantia SpA | 1,659 | 26,246 | ||||||
Autostrada Torino-Milano SpA | 1,799 | 21,057 | ||||||
Fiat Industrial SpA | 4,265 | 48,030 | ||||||
Finmeccanica SpA (b) | 2,978 | 14,340 | ||||||
134,723 | ||||||||
JAPAN — 28.1% | ||||||||
Asahi Glass Co., Ltd. | 8,000 | 54,882 | ||||||
Central Japan Railway Co. | 1,000 | 105,509 | ||||||
Dai Nippon Printing Co., Ltd. | 3,000 | 28,271 | ||||||
Daikin Industries, Ltd. | 1,700 | 66,720 | ||||||
East Japan Railway Co. | 1,800 | 147,798 | ||||||
FANUC Corp. | 1,000 | 154,116 | ||||||
Furukawa Electric Co., Ltd. | 10,000 | 22,336 | ||||||
Futaba Corp. | 1,800 | 19,049 | ||||||
Hankyu Hanshin Holdings, Inc. | 10,000 | 60,519 | ||||||
IHI Corp. | 24,000 | 73,006 | ||||||
ITOCHU Corp. | 9,400 | 113,076 | ||||||
JGC Corp. | 3,000 | 75,909 | ||||||
Kajima Corp. | 15,000 | 40,842 | ||||||
Kamigumi Co., Ltd. | 3,000 | 27,920 | ||||||
Kawasaki Heavy Industries, Ltd. | 18,000 | 56,477 | ||||||
Kawasaki Kisen Kaisha, Ltd. (b) | 10,000 | 21,166 | ||||||
Keikyu Corp. | 3,000 | 31,429 | ||||||
Kintetsu Corp. | 9,000 | 41,736 | ||||||
Kokuyo Co., Ltd. | 6,600 | 50,683 | ||||||
Komatsu, Ltd. | 5,500 | 131,562 | ||||||
Kubota Corp. | 7,000 | 99,617 | ||||||
LIXIL Group Corp. | 1,400 | 27,666 | ||||||
Makita Corp. | 700 | 31,828 | ||||||
Marubeni Corp. | 10,000 | 74,771 | ||||||
Meitic Corp. | 100 | 2,492 | ||||||
MISUMI Group, Inc. | 2,600 | 71,734 | ||||||
Mitsubishi Corp. | 8,200 | 152,017 | ||||||
Mitsubishi Electric Corp. | 10,000 | 80,515 | ||||||
Mitsubishi Heavy Industries, Ltd. | 24,000 | 136,567 | ||||||
Mitsui & Co., Ltd. | 9,800 | 136,858 | ||||||
Mitsui OSK Lines, Ltd. (b) | 9,000 | 29,579 | ||||||
Nidec Corp. | 600 | 35,929 | ||||||
Nippon Sheet Glass Co., Ltd. (b) | 10,000 | 11,274 |
See accompanying notes to financial statements.
227
SPDR S&P International Industrial Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Nippon Yusen K.K. | 10,000 | $ | 25,846 | |||||
Odakyu Electric Railway Co., Ltd. | 3,000 | 37,364 | ||||||
Park24 Co., Ltd. | 600 | 11,768 | ||||||
Secom Co., Ltd. | 2,200 | 113,486 | ||||||
SMC Corp. | 300 | 58,009 | ||||||
Sojitz Corp. | 21,600 | 33,312 | ||||||
Sumitomo Corp. | 7,900 | 98,981 | ||||||
Sumitomo Electric Industries, Ltd. | 5,700 | 70,386 | ||||||
Sumitomo Heavy Industries, Ltd. | 8,000 | 32,419 | ||||||
THK Co., Ltd. | 2,500 | 48,341 | ||||||
Tobu Railway Co., Ltd. | 3,000 | 17,135 | ||||||
Tokyu Corp. | 14,000 | 105,573 | ||||||
Toppan Printing Co., Ltd. | 3,000 | 21,570 | ||||||
Toyota Tsusho Corp. | 1,400 | 36,318 | ||||||
West Japan Railway Co. | 1,400 | 67,230 | ||||||
Yamato Holdings Co., Ltd. | 5,800 | 107,339 | ||||||
3,098,930 | ||||||||
NETHERLANDS — 4.1% | ||||||||
Aalberts Industries NV | 486 | 10,887 | ||||||
European Aeronautic Defence and Space Co. NV | 2,940 | 149,878 | ||||||
Koninklijke BAM Groep NV | 2,968 | 12,043 | ||||||
Koninklijke Philips Electronics NV | 6,212 | 184,145 | ||||||
Koninklijke Vopak NV | 341 | 20,593 | ||||||
PostNL NV (b) | 3,579 | 7,169 | ||||||
Randstad Holding NV | 1,221 | 50,078 | ||||||
TNT Express NV | 2,078 | 15,258 | ||||||
450,051 | ||||||||
NORWAY — 0.4% | ||||||||
Orkla ASA | 5,255 | 42,076 | ||||||
SINGAPORE — 4.0% | ||||||||
Jardine Matheson Holdings, Ltd. | 1,914 | 124,601 | ||||||
Jardine Strategic Holdings, Ltd. | 1,500 | 59,370 | ||||||
K-Green Trust | 53,800 | 47,920 | ||||||
Keppel Corp., Ltd. | 14,200 | 128,196 | ||||||
Neptune Orient Lines, Ltd. (a)(b) | 33,750 | 32,238 | ||||||
SembCorp Industries, Ltd. | 3,000 | 12,550 | ||||||
SembCorp Marine, Ltd. (a) | 2,000 | 7,142 | ||||||
Singapore Airlines, Ltd. (a)(c) | 2,000 | 17,524 | ||||||
Singapore Airlines, Ltd. (c) | 1,000 | 8,834 | ||||||
438,375 | ||||||||
SOUTH KOREA — 2.3% | ||||||||
Daelim Industrial Co., Ltd. | 225 | 18,544 | ||||||
GS Engineering & Construction Corp. | 333 | 16,551 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 374 | 22,489 | ||||||
Hyundai Heavy Industries Co., Ltd. | 350 | 66,376 | ||||||
LG Corp. | 320 | 18,781 | ||||||
Samsung C&T Corp. | 738 | 45,437 | ||||||
Samsung Engineering Co., Ltd. | 144 | 16,890 | ||||||
Samsung Heavy Industries Co., Ltd. | 740 | 23,146 | ||||||
SK Holdings Co., Ltd. | 162 | 24,826 | ||||||
253,040 | ||||||||
SPAIN — 1.3% | ||||||||
Abertis Infraestructuras SA (a) | 2,390 | 40,235 | ||||||
ACS, Actividades de Construccion y Servicios SA | 1,717 | 40,138 | ||||||
Ferrovial SA | 2,060 | 32,748 | ||||||
International Consolidated Airlines Group SA (b) | 8,104 | 31,158 | ||||||
144,279 | ||||||||
SWEDEN — 7.5% | ||||||||
Alfa Laval AB | 3,608 | 83,291 | ||||||
Assa Abloy AB (Class B) | 1,581 | 64,704 | ||||||
Atlas Copco AB | 3,301 | 93,923 | ||||||
Atlas Copco AB (Class B) | 1,994 | 50,479 | ||||||
B&B Tools AB | 2,318 | 30,303 | ||||||
Sandvik AB | 6,554 | 101,001 | ||||||
Scania AB (Class B) | 1,573 | 32,974 | ||||||
Securitas AB (Class B) | 4,903 | 46,263 | ||||||
Skanska AB (Class B) | 2,103 | 38,101 | ||||||
SKF AB (Class B) | 2,031 | 49,635 | ||||||
Trelleborg AB (Class B) | 5,941 | 81,686 | ||||||
Volvo AB (Class A) | 5,303 | 77,278 | ||||||
Volvo AB (Class B) | 5,700 | 83,063 | ||||||
832,701 | ||||||||
SWITZERLAND — 7.0% | ||||||||
ABB, Ltd. | 12,820 | 289,853 | ||||||
Adecco SA | 1,245 | 68,367 | ||||||
Geberit AG | 431 | 106,367 | ||||||
Kuehne & Nagel International AG | 486 | 53,119 | ||||||
Schindler Holding AG | 246 | 36,136 | ||||||
SGS SA | 49 | 120,462 | ||||||
Wolseley PLC | 1,947 | 96,764 | ||||||
771,068 | ||||||||
UNITED KINGDOM — 10.4% | ||||||||
Aggreko PLC | 2,346 | 63,480 | ||||||
Babcock International Group PLC | 4,294 | 70,940 | ||||||
BAE Systems PLC | 16,730 | 100,167 | ||||||
Bunzl PLC | 1,692 | 33,271 | ||||||
Capita Group PLC | 3,404 | 46,468 | ||||||
De La Rue PLC | 517 | 7,662 | ||||||
Experian PLC | 9,328 | 161,471 | ||||||
FirstGroup PLC | 6,837 | 20,877 | ||||||
G4S PLC | 7,066 | 31,265 | ||||||
IMI PLC | 1,640 | 32,249 | ||||||
Intertek Group PLC | 822 | 42,350 | ||||||
Invensys PLC | 6,404 | 34,112 | ||||||
Meggitt PLC | 3,994 | 29,778 | ||||||
Melrose Industries PLC | 6,469 | 26,080 | ||||||
Rentokil Initial PLC | 27,290 | 41,521 | ||||||
Rolls-Royce Holdings PLC | 13,938 | 239,155 | ||||||
Serco Group PLC | 6,054 | 57,638 | ||||||
Smiths Group PLC | 3,539 | 67,549 | ||||||
The Weir Group PLC | 1,060 | 36,425 | ||||||
1,142,458 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $11,784,142) | 10,905,714 | |||||||
SHORT TERM INVESTMENTS — 3.3% | ||||||||
UNITED STATES — 3.3% | ||||||||
MONEY MARKET FUNDS — 3.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 321,582 | 321,582 |
See accompanying notes to financial statements.
228
SPDR S&P International Industrial Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (e)(f) | 44,500 | $ | 44,500 | |||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $366,082) | 366,082 | |||||||
TOTAL INVESTMENTS — 102.2% | ||||||||
(Cost $12,150,224) | 11,271,796 | |||||||
OTHER ASSETS & LIABILITIES — (2.2)% | (243,414 | ) | ||||||
NET ASSETS — 100.0% | $ | 11,028,382 | ||||||
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(b) | Non-income producing security. | |||||
(c) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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. |
PLC = Public Limited Company
See accompanying notes to financial statements.
229
SPDR S&P International Materials Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.4% | ||||||||
AUSTRALIA — 15.3% | ||||||||
Alumina, Ltd. (a)(b) | 15,157 | $ | 17,540 | |||||
Amcor, Ltd. | 5,196 | 50,271 | ||||||
Arrium, Ltd. | 16,776 | 15,216 | ||||||
BHP Billiton, Ltd. | 19,784 | 675,701 | ||||||
BlueScope Steel, Ltd. (a)(b) | 4,040 | 21,102 | ||||||
Boral, Ltd. | 14,696 | 75,228 | ||||||
Fortescue Metals Group, Ltd. (b) | 11,178 | 45,915 | ||||||
Iluka Resources, Ltd. (b) | 4,596 | 44,801 | ||||||
Incitec Pivot, Ltd. (b) | 11,058 | 35,623 | ||||||
Mineral Deposits, Ltd. (a) | 871 | 3,423 | ||||||
Newcrest Mining, Ltd. | 4,783 | 99,980 | ||||||
Orica, Ltd. | 3,977 | 101,375 | ||||||
OZ Minerals, Ltd. (b) | 3,212 | 17,848 | ||||||
Rio Tinto, Ltd. (b) | 3,067 | 182,897 | ||||||
Sims Metal Management, Ltd. (b) | 2,260 | 23,632 | ||||||
1,410,552 | ||||||||
AUSTRIA — 0.9% | ||||||||
RHI AG | 1,586 | 51,434 | ||||||
Voestalpine AG | 1,083 | 33,314 | ||||||
84,748 | ||||||||
BELGIUM — 2.0% | ||||||||
Solvay SA | 449 | 60,914 | ||||||
Tessenderlo Chemie NV (a)(c)(d) | 116 | 0 | ||||||
Tessenderlo Chemie NV (c) | 1,780 | 47,428 | ||||||
Umicore | 1,627 | 76,560 | ||||||
184,902 | ||||||||
CANADA — 17.0% | ||||||||
Agnico-Eagle Mines, Ltd. | 1,324 | 54,305 | ||||||
Agrium, Inc. | 1,326 | 129,291 | ||||||
Alacer Gold Corp. (a)(b) | 1,106 | 4,463 | ||||||
Alamos Gold, Inc. | 688 | 9,447 | ||||||
AuRico Gold, Inc. (a)(b) | 1,996 | 12,574 | ||||||
Barrick Gold Corp. | 6,588 | 193,500 | ||||||
Centerra Gold, Inc. | 964 | 5,741 | ||||||
Detour Gold Corp. (a) | 817 | 15,705 | ||||||
Eldorado Gold Corp. | 5,586 | 53,388 | ||||||
First Quantum Minerals, Ltd. (b) | 2,998 | 57,012 | ||||||
Franco-Nevada Corp. | 1,000 | 45,642 | ||||||
Goldcorp, Inc. | 5,929 | 199,472 | ||||||
HudBay Minerals, Inc. | 1,388 | 13,348 | ||||||
IAMGOLD Corp. | 2,325 | 16,775 | ||||||
Inmet Mining Corp. | 496 | 33,028 | ||||||
Kinross Gold Corp. | 7,463 | 59,060 | ||||||
Lundin Mining Corp. (a)(b) | 11,386 | 49,760 | ||||||
New Gold, Inc. (a) | 2,068 | 18,808 | ||||||
Osisko Mining Corp. (a) | 2,651 | 15,735 | ||||||
Pan American Silver Corp. (b) | 1,366 | 22,454 | ||||||
Potash Corp. of Saskatchewan, Inc. (b) | 6,353 | 249,505 | ||||||
SEMAFO, Inc. | 2,756 | 6,890 | ||||||
Sherritt International Corp. (b) | 3,252 | 16,133 | ||||||
Silver Wheaton Corp. | 2,287 | 71,585 | ||||||
Tanzanian Royalty Exploration Corp. (a)(b) | 1,106 | 4,322 | ||||||
Teck Resources, Ltd. (Class B) (b) | 3,617 | 101,822 | ||||||
Thompson Creek Metals Co., Inc. (a)(b) | 875 | 2,644 | ||||||
Turquoise Hill Resources, Ltd. (a) | 5,795 | 36,905 | ||||||
Yamana Gold, Inc. (b) | 4,910 | 75,635 | ||||||
1,574,949 | ||||||||
CHINA — 0.0% (e) | ||||||||
China Sandi Holdings, Ltd. (a)(d) | 15,400 | 1,170 | ||||||
DENMARK — 1.0% | ||||||||
Novozymes A/S, (Class B) | 2,827 | 96,027 | ||||||
FINLAND — 1.4% | ||||||||
Rautaruukki Oyj | 981 | 6,238 | ||||||
Stora Enso Oyj | 8,513 | 55,041 | ||||||
UPM-Kymmene Oyj | 6,010 | 67,180 | ||||||
128,459 | ||||||||
FRANCE — 4.3% | ||||||||
Air Liquide SA | 2,225 | 270,798 | ||||||
Arkema | 399 | 36,362 | ||||||
Eramet | 28 | 3,035 | ||||||
Lafarge SA | 1,297 | 86,322 | ||||||
396,517 | ||||||||
GERMANY — 10.2% | ||||||||
BASF SE | 5,551 | 486,987 | ||||||
HeidelbergCement AG | 452 | 32,538 | ||||||
K+S AG | 1,305 | 60,805 | ||||||
Lanxess AG | 922 | 65,495 | ||||||
Linde AG | 1,099 | 204,698 | ||||||
Salzgitter AG | 499 | 20,066 | ||||||
ThyssenKrupp AG (a) | 3,463 | 70,549 | ||||||
941,138 | ||||||||
HONG KONG — 0.0% (e) | ||||||||
China Mining Resources Group, Ltd. (a)(f) | 160,000 | 1,793 | ||||||
IRELAND — 1.2% | ||||||||
CRH PLC | 5,185 | 114,652 | ||||||
ISRAEL — 0.4% | ||||||||
Israel Chemicals, Ltd. | 2,640 | 34,142 | ||||||
ITALY — 0.1% | ||||||||
Buzzi Unicem SpA (b) | 739 | 11,378 | ||||||
JAPAN — 14.1% | ||||||||
Asahi Kasei Corp. | 15,833 | 105,755 | ||||||
Denki Kagaku Kogyo Kabushiki Kaisha | 10,855 | 38,562 | ||||||
JFE Holdings, Inc. | 4,356 | 81,866 | ||||||
JSR Corp. | 3,073 | 62,493 | ||||||
Kobe Steel, Ltd. (a) | 34,641 | 40,160 | ||||||
Mitsubishi Chemical Holdings Corp. | 10,902 | 50,440 | ||||||
Mitsubishi Materials Corp. | 15,866 | 45,225 | ||||||
Mitsui Chemicals, Inc. | 11,876 | 25,894 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 11,809 | 30,270 | ||||||
Nippon Steel Corp. | 74,506 | 186,225 | ||||||
Nitto Denko Corp. | 1,976 | 117,064 | ||||||
Shin-Etsu Chemical Co., Ltd. | 2,867 | 190,585 | ||||||
Sumitomo Chemical Co., Ltd. | 13,838 | 43,124 | ||||||
Sumitomo Metal Mining Co., Ltd. | 3,927 | 56,094 | ||||||
Taiheiyo Cement Corp. | 26,744 | 62,864 | ||||||
Teijin, Ltd. | 19,805 | 45,921 | ||||||
Toray Industries, Inc. | 13,838 | 93,607 | ||||||
Ube Industries, Ltd. | 15,866 | 31,219 | ||||||
1,307,368 | ||||||||
See accompanying notes to financial statements.
230
SPDR S&P International Materials Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
LUXEMBOURG — 0.9% | ||||||||
APERAM (b) | 409 | $ | 5,034 | |||||
ArcelorMittal | 5,720 | 73,818 | ||||||
78,852 | ||||||||
NETHERLANDS — 2.8% | ||||||||
Akzo Nobel NV | 2,282 | 145,109 | ||||||
Koninklijke DSM NV | 1,983 | 115,631 | ||||||
260,740 | ||||||||
NORWAY — 0.9% | ||||||||
Norsk Hydro ASA | 4,272 | 18,487 | ||||||
Yara International ASA | 1,477 | 67,006 | ||||||
85,493 | ||||||||
PORTUGAL — 0.4% | ||||||||
Semapa-Sociedade de Investimento e Gestao, SGPS, SA | 4,209 | 38,104 | ||||||
SOUTH KOREA — 3.3% | ||||||||
Korea Zinc Co., Ltd. | 105 | 33,314 | ||||||
LG Chem, Ltd. | 333 | 80,212 | ||||||
POSCO ADR | 2,544 | 186,945 | ||||||
300,471 | ||||||||
SWEDEN — 0.9% | ||||||||
Boliden AB | 3,754 | 60,565 | ||||||
SSAB AB, (Series A) | 2,970 | 22,684 | ||||||
83,249 | ||||||||
SWITZERLAND — 7.0% | ||||||||
Givaudan SA | 86 | 105,893 | ||||||
Glencore International PLC (b) | 26,500 | 143,291 | ||||||
Holcim, Ltd. | 1,654 | 132,135 | ||||||
Syngenta AG | 629 | 263,038 | ||||||
644,357 | ||||||||
UNITED KINGDOM — 15.3% | ||||||||
Anglo American PLC | 9,065 | 232,900 | ||||||
Antofagasta PLC | 4,444 | 66,400 | ||||||
BHP Billiton PLC | 13,253 | 385,375 | ||||||
Johnson Matthey PLC | 1,551 | 54,168 | ||||||
Lonmin PLC (a)(b) | 1,756 | 7,757 | ||||||
Randgold Resources, Ltd. | 956 | 82,453 | ||||||
Rio Tinto PLC | 8,113 | 380,047 | ||||||
Vedanta Resources PLC | 934 | 14,253 | ||||||
Xstrata PLC | 11,546 | 187,242 | ||||||
1,410,595 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $12,945,184) | 9,189,656 | |||||||
SHORT TERM INVESTMENTS — 5.1% | ||||||||
UNITED STATES — 5.1% | ||||||||
MONEY MARKET FUNDS — 5.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 463,714 | 463,714 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (h)(i) | 10,084 | 10,084 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $473,798) | 473,798 | |||||||
TOTAL INVESTMENTS — 104.5% | ||||||||
(Cost $13,418,982) | 9,663,454 | |||||||
OTHER ASSETS & LIABILITIES — (4.5)% | (414,511 | ) | ||||||
NET ASSETS — 100.0% | $ | 9,248,943 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 31, 2013. | |||||
(c) | Reflects seperate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(d) | 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) | |||||
(e) | Amount shown represents less than 0.05% of net assets. | |||||
(f) | 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 3 inputs. (Note 2) | |||||
(g) | Investments of cash collateral for securities loaned. | |||||
(h) | Affiliated Fund managed by SSgA Funds Management, Inc. (Note 3) | |||||
(i) | The rate shown is the annualized seven-day yield at period end. |
ADR = American Depositary Receipt
PLC = Public Limited Company
See accompanying notes to financial statements.
231
SPDR S&P International Technology Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.9% | ||||||||
AUSTRALIA — 1.0% | ||||||||
Computershare, Ltd. | 11,485 | $ | 122,132 | |||||
Iress, Ltd. (a) | 5,683 | 46,095 | ||||||
168,227 | ||||||||
BELGIUM — 0.5% | ||||||||
Barco NV | 881 | 77,211 | ||||||
CANADA — 2.8% | ||||||||
CGI Group, Inc. (Class A) (b) | 6,713 | 182,436 | ||||||
MacDonald, Dettwiler & Associates, Ltd. | 893 | 61,089 | ||||||
Open Text Corp. (b) | 1,477 | 87,287 | ||||||
Research In Motion, Ltd. (a)(b) | 8,757 | 130,069 | ||||||
460,881 | ||||||||
DENMARK — 0.5% | ||||||||
SimCorp A/S (a) | 330 | 88,674 | ||||||
FINLAND — 1.9% | ||||||||
F-Secure Oyj | 14,805 | 32,319 | ||||||
Nokia Oyj (a) | 63,554 | 205,983 | ||||||
Tieto Oyj | 3,268 | 69,241 | ||||||
307,543 | ||||||||
FRANCE — 2.9% | ||||||||
Alcatel-Lucent (b) | 43,530 | 58,748 | ||||||
Atos Origin SA | 1,209 | 83,352 | ||||||
Cap Gemini SA | 2,938 | 133,930 | ||||||
Dassault Systemes SA | 927 | 107,347 | ||||||
Groupe Steria SCA | 912 | 12,343 | ||||||
Neopost SA (a) | 879 | 52,751 | ||||||
UbiSoft Entertainment SA (b) | 2,967 | 32,118 | ||||||
480,589 | ||||||||
GERMANY — 10.6% | ||||||||
Aixtron SE (a) | 2,668 | 38,748 | ||||||
Dialog Semiconductor PLC (a)(b) | 1,132 | 15,045 | ||||||
Infineon Technologies AG | 21,595 | 170,817 | ||||||
SAP AG | 16,269 | 1,305,688 | ||||||
Software AG | 1,040 | 40,278 | ||||||
United Internet AG | 4,864 | 118,484 | ||||||
Wincor Nixdorf AG | 1,087 | 54,088 | ||||||
1,743,148 | ||||||||
HONG KONG — 1.0% | ||||||||
ASM Pacific Technology, Ltd. | 8,149 | 89,545 | ||||||
GCL Poly Energy Holdings, Ltd. (a) | 107,000 | 21,779 | ||||||
VTech Holdings, Ltd. (a) | 4,571 | 55,734 | ||||||
167,058 | ||||||||
ISRAEL — 0.7% | ||||||||
Ituran Location and Control, Ltd. | 3,054 | 48,017 | ||||||
Mellanox Technologies, Ltd. (b) | 467 | 25,828 | ||||||
NICE Systems, Ltd. (b) | 1,242 | 45,692 | ||||||
119,537 | ||||||||
JAPAN — 34.2% | ||||||||
Advantest Corp. | 3,378 | 48,360 | ||||||
Alps Electric Co., Ltd. | 5,963 | 39,259 | ||||||
Anritsu Corp. | 1,000 | 15,454 | ||||||
Azbil Corp. | 2,586 | 54,404 | ||||||
Brother Industries, Ltd. | 5,763 | 60,315 | ||||||
Canon, Inc. | 21,773 | 787,367 | ||||||
Citizen Holdings Co., Ltd. | 7,155 | 37,594 | ||||||
Dainippon Screen Manufacturing Co., Ltd. (b) | 8,937 | 41,254 | ||||||
DeNA Co., Ltd. | 2,300 | 62,503 | ||||||
FUJIFILM Holdings Corp. | 8,248 | 161,065 | ||||||
Fujitsu, Ltd. | 33,784 | 139,419 | ||||||
Gree, Inc. | 2,300 | 28,450 | ||||||
Hirose Electric Co., Ltd. | 794 | 107,336 | ||||||
Hitachi High-Technologies Corp. | 2,584 | 54,417 | ||||||
Hitachi, Ltd. | 75,549 | 436,323 | ||||||
Horiba, Ltd. | 2,186 | 66,938 | ||||||
Hoya Corp. | 7,455 | 138,919 | ||||||
Ibiden Co., Ltd. | 3,179 | 49,568 | ||||||
IT Holdings Corp. | 3,179 | 42,028 | ||||||
Japan Digital Laboratory Co., Ltd. | 2,783 | 34,395 | ||||||
Kakaku.com, Inc. | 800 | 19,706 | ||||||
Keyence Corp. | 794 | 241,781 | ||||||
Konami Corp. | 2,385 | 48,070 | ||||||
Konica Minolta Holdings, Inc. | 9,933 | 72,686 | ||||||
Kyocera Corp. | 2,584 | 242,130 | ||||||
Mitsumi Electric Co., Ltd. (b) | 3,179 | 17,447 | ||||||
Murata Manufacturing Co., Ltd. | 3,379 | 251,934 | ||||||
NEC Corp. | 63,710 | 166,017 | ||||||
Nexon Co., Ltd. | 2,200 | 21,410 | ||||||
Nintendo Co., Ltd. | 1,988 | 213,770 | ||||||
Nippon Electric Glass Co., Ltd. | 9,933 | 50,500 | ||||||
Nomura Research Institute, Ltd. | 3,179 | 81,690 | ||||||
NTT Data Corp. | 32 | 106,701 | ||||||
Obic Co., Ltd. | 388 | 89,592 | ||||||
Oki Electric Industry Co., Ltd. (b) | 35,776 | 44,520 | ||||||
Omron Corp. | 4,372 | 107,882 | ||||||
Ricoh Co., Ltd. | 10,933 | 116,749 | ||||||
Rohm Co., Ltd. | 2,186 | 80,214 | ||||||
SCSK Corp. | 3,200 | 62,455 | ||||||
Seiko Epson Corp. | 3,179 | 30,870 | ||||||
SRA Holdings | 9,100 | 102,014 | ||||||
Sumco Corp. | 3,378 | 39,162 | ||||||
Taiyo Yuden Co., Ltd. | 2,584 | 32,650 | ||||||
TDK Corp. | 2,385 | 82,950 | ||||||
Tokyo Electron, Ltd. | 3,179 | 140,827 | ||||||
Toshiba Corp. | 67,580 | 339,266 | ||||||
Trend Micro, Inc. | 2,187 | 62,270 | ||||||
Wacom Co., Ltd. | 8 | 31,780 | ||||||
Yahoo! Japan Corp. | 360 | 165,795 | ||||||
Yaskawa Electric Corp. | 9,933 | 98,569 | ||||||
Yokogawa Electric Corp. | 7,949 | 79,980 | ||||||
5,646,755 | ||||||||
NETHERLANDS — 4.2% | ||||||||
ASM International NV | 1,505 | 50,063 | ||||||
ASML Holding NV | 6,085 | 409,987 | ||||||
Gemalto NV | 1,814 | 158,513 | ||||||
NXP Semiconductor NV (b) | 872 | 26,387 | ||||||
VistaPrint NV (a)(b) | 1,376 | 53,196 | ||||||
698,146 | ||||||||
SINGAPORE — 1.2% | ||||||||
Flextronics International, Ltd. (a)(b) | 16,839 | 113,832 |
See accompanying notes to financial statements.
232
SPDR S&P International Technology Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
Venture Corp., Ltd. | 11,925 | $ | 83,242 | |||||
197,074 | ||||||||
SOUTH KOREA — 24.4% | ||||||||
Ahnlab, Inc. | 151 | 9,622 | ||||||
Com2uSCorp (b) | 186 | 8,626 | ||||||
Daou Technology, Inc. | 710 | 11,327 | ||||||
Daum Communications Corp. | 160 | 13,187 | ||||||
GemVax & Kael Co., Ltd. (b) | 322 | 11,938 | ||||||
Interflex Co., Ltd. (b) | 189 | 6,625 | ||||||
LG Display Co., Ltd. ADR (b) | 10,879 | 156,759 | ||||||
LG Innotek Co., Ltd. (b) | 185 | 13,153 | ||||||
NCSoft Corp. | 226 | 31,891 | ||||||
NHN Corp. | 669 | 166,559 | ||||||
OPTRON-TEC, Inc. (b) | 1,354 | 19,350 | ||||||
Partron Co., Ltd. | 874 | 21,210 | ||||||
Sam Young Electronics Co., Ltd. | 2,270 | 18,403 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 790 | 70,295 | ||||||
Samsung Electronics Co., Ltd. GDR | 4,663 | 3,168,814 | ||||||
Samsung SDI Co., Ltd. | 498 | 62,888 | ||||||
Seoul Semiconductor Co., Ltd. | 572 | 14,858 | ||||||
SK C&C Co., Ltd. | 276 | 23,963 | ||||||
SK Hynix, Inc. (b) | 7,450 | 192,511 | ||||||
4,021,979 | ||||||||
SPAIN — 1.3% | ||||||||
Amadeus IT Holding SA | 6,630 | 179,424 | ||||||
Indra Sistemas SA (a) | 2,788 | 33,294 | ||||||
212,718 | ||||||||
SWEDEN — 4.8% | ||||||||
Hexagon AB, (Class B) | 3,509 | 95,793 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 56,038 | 699,829 | ||||||
795,622 | ||||||||
SWITZERLAND — 1.1% | ||||||||
Logitech International SA (a)(b) | 3,653 | 24,804 | ||||||
STMicroelectronics NV | 14,242 | 109,363 | ||||||
Temenos Group AG (b) | 1,812 | 43,150 | ||||||
177,317 | ||||||||
UNITED KINGDOM — 5.8% | ||||||||
ARM Holdings PLC | 29,897 | 418,108 | ||||||
Aveva Group PLC | 2,192 | 75,356 | ||||||
Diploma PLC | 14,581 | 124,098 | ||||||
Imagination Technologies Group PLC (b) | 3,420 | 25,612 | ||||||
Spectris PLC | 4,269 | 159,204 | ||||||
Spirent Communications PLC | 5,521 | 12,349 | ||||||
The Sage Group PLC | 27,897 | 145,168 | ||||||
959,895 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $16,426,771) | 16,322,374 | |||||||
WARRANTS — 0.0% (c) | ||||||||
FRANCE — 0.0% (c) | ||||||||
UbiSoft Entertainment SA (expiring 10/10/13) (b) (Cost $0) | 2,722 | 517 | ||||||
SHORT TERM INVESTMENTS — 3.2% | ||||||||
UNITED STATES — 3.2% | ||||||||
MONEY MARKET FUNDS — 3.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 444,179 | 444,179 | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (e)(f) | 73,354 | 73,354 | ||||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $517,533) | 517,533 | |||||||
TOTAL INVESTMENTS — 102.1% | ||||||||
(Cost $16,944,304) | 16,840,424 | |||||||
OTHER ASSETS & LIABILITIES — (2.1)% | (342,251 | ) | ||||||
NET ASSETS — 100.0% | $ | 16,498,173 | ||||||
(a) | A portion of the security was on loan at March 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. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
PLC = Public Limited Company
See accompanying notes to financial statements.
233
SPDR S&P International Telecommunications Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AUSTRALIA — 3.0% | ||||||||
Telstra Corp., Ltd. | 199,962 | $ | 940,201 | |||||
AUSTRIA — 0.3% | ||||||||
Telekom Austria AG | 13,988 | 91,947 | ||||||
BELGIUM — 1.3% | ||||||||
Belgacom SA | 7,599 | 189,254 | ||||||
Mobistar SA | 1,833 | 41,238 | ||||||
Telenet Group Holding NV | 3,194 | 158,232 | ||||||
388,724 | ||||||||
CANADA — 7.3% | ||||||||
BCE, Inc. | 10,937 | 510,649 | ||||||
Bell Aliant, Inc. (a) | 6,703 | 177,744 | ||||||
Rogers Communications, Inc. (Class B) | 20,008 | 1,021,608 | ||||||
TELUS Corp. (b) | 1,053 | 72,719 | ||||||
TELUS Corp. (a)(b)(c) | 7,031 | 485,912 | ||||||
2,268,632 | ||||||||
DENMARK — 0.4% | ||||||||
TDC A/S | 17,275 | 132,981 | ||||||
FINLAND — 0.6% | ||||||||
Elisa Oyj (a) | 9,164 | 170,511 | ||||||
FRANCE — 8.4% | ||||||||
France Telecom SA | 97,958 | 992,466 | ||||||
Iliad SA | 1,199 | 255,502 | ||||||
Vivendi SA | 66,087 | 1,367,555 | ||||||
2,615,523 | ||||||||
GERMANY — 5.2% | ||||||||
Deutsche Telekom AG | 142,288 | 1,506,643 | ||||||
Freenet AG | 5,202 | 126,617 | ||||||
1,633,260 | ||||||||
HONG KONG — 0.6% | ||||||||
HKT Trust/HKT, Ltd. | 82,869 | 82,948 | ||||||
PCCW, Ltd. | 219,000 | 101,563 | ||||||
184,511 | ||||||||
ISRAEL — 0.6% | ||||||||
Bezeq The Israeli Telecommunication Corp., Ltd. | 90,758 | 125,864 | ||||||
Cellcom Israel, Ltd. | 2,479 | 20,777 | ||||||
Partner Communications Co., Ltd. | 4,169 | 25,719 | ||||||
172,360 | ||||||||
ITALY — 1.7% | ||||||||
Telecom Italia SpA (b) | 513,792 | 363,528 | ||||||
Telecom Italia SpA (b) | 275,129 | 169,580 | ||||||
533,108 | ||||||||
JAPAN — 16.5% | ||||||||
KDDI Corp. | 27,262 | 1,122,144 | ||||||
Nippon Telegraph & Telephone Corp. | 23,081 | 1,007,738 | ||||||
NTT DoCoMo, Inc. | 697 | 1,053,432 | ||||||
Softbank Corp. | 42,585 | 1,965,740 | ||||||
5,149,054 | ||||||||
LUXEMBOURG — 1.2% | ||||||||
COLT Telecom Group SA (c) | 50,605 | 96,820 | ||||||
Millicom International Cellular SA | 3,563 | 285,226 | ||||||
382,046 | ||||||||
NETHERLANDS — 0.6% | ||||||||
Koninklijke (Royal) KPN NV (a) | 52,354 | 176,406 | ||||||
NEW ZEALAND — 0.5% | ||||||||
Chorus, Ltd. | 14,260 | 33,579 | ||||||
Telecom Corporation of New Zealand, Ltd. | 67,409 | 132,184 | ||||||
165,763 | ||||||||
NORWAY — 2.7% | ||||||||
Telenor ASA | 37,612 | 823,498 | ||||||
PORTUGAL — 0.7% | ||||||||
Portugal Telecom SGPS SA (a) | 45,835 | 227,422 | ||||||
SINGAPORE — 4.0% | ||||||||
Singapore Telecommunications, Ltd. (b) | 358,539 | 1,037,526 | ||||||
Singapore Telecommunications, Ltd. (b) | 12,000 | 34,629 | ||||||
StarHub, Ltd. (a) | 52,000 | 182,331 | ||||||
1,254,486 | ||||||||
SOUTH KOREA — 1.9% | ||||||||
KT Corp. ADR (c) | 15,186 | 239,931 | ||||||
SK Telecom Co., Ltd. ADR (a) | 20,127 | 359,670 | ||||||
599,601 | ||||||||
SPAIN — 8.7% | ||||||||
Telefonica SA | 201,105 | 2,708,925 | ||||||
SWEDEN — 3.4% | ||||||||
Tele2 AB (Class B) | 16,944 | 295,517 | ||||||
TeliaSonera AB | 108,473 | 776,261 | ||||||
1,071,778 | ||||||||
SWITZERLAND — 1.7% | ||||||||
Swisscom AG | 1,145 | 531,056 | ||||||
UNITED KINGDOM — 28.2% | ||||||||
BT Group PLC | 375,899 | 1,586,780 | ||||||
Cable & Wireless Communications PLC | 146,366 | 93,211 | ||||||
Inmarsat PLC | 27,510 | 293,452 | ||||||
Jazztel PLC (c) | 11,630 | 88,708 | ||||||
TalkTalk Telecom Group PLC | 30,412 | 125,792 | ||||||
Vodafone Group PLC | 2,333,056 | 6,610,549 | ||||||
8,798,492 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $31,794,080) | 31,020,285 | |||||||
SHORT TERM INVESTMENTS — 2.8% | ||||||||
UNITED STATES — 2.8% | ||||||||
MONEY MARKET FUNDS — 2.8% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 845,279 | 845,279 |
See accompanying notes to financial statements.
234
SPDR S&P International Telecommunications Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
State Street Institutional Liquid Reserve Fund 0.13% (e)(f) | 19,516 | $ | 19,516 | |||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $864,795) | 864,795 | |||||||
TOTAL INVESTMENTS — 102.3% | ||||||||
(Cost $32,658,875) | 31,885,080 | |||||||
OTHER ASSETS & LIABILITIES — (2.3)% | (713,788 | ) | ||||||
NET ASSETS — 100.0% | $ | 31,171,292 | ||||||
(a) | A portion of the security was on loan at March 31, 2013. | |||||
(b) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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. |
ADR = American Depositary Receipt
PLC = Public Limited Company
See accompanying notes to financial statements.
235
SPDR S&P International Utilities Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AUSTRALIA — 4.6% | ||||||||
AGL Energy, Ltd. | 33,780 | $ | 558,547 | |||||
APA Group | 46,714 | 290,262 | ||||||
DUET Group | 35,080 | 84,117 | ||||||
Energy World Corp., Ltd. (a)(b) | 23,414 | 9,032 | ||||||
Envestra, Ltd. | 106,922 | 117,603 | ||||||
SP AusNet | 89,232 | 111,169 | ||||||
Spark Infrastructure Group | 38,032 | 65,819 | ||||||
1,236,549 | ||||||||
AUSTRIA — 0.4% | ||||||||
Verbund AG (b) | 5,244 | 113,869 | ||||||
CANADA — 6.0% | ||||||||
Algonquin Power & Utilities Corp. | 8,592 | 62,921 | ||||||
ATCO, Ltd. (Class I) | 3,122 | 282,469 | ||||||
Atlantic Power Corp. (b) | 5,863 | 28,855 | ||||||
Canadian Utilities, Ltd. (Class A) | 3,216 | 254,855 | ||||||
Capital Power Corp. (b) | 3,709 | 77,396 | ||||||
Emera, Inc. | 5,599 | 193,440 | ||||||
Fortis, Inc. (b) | 11,500 | 386,559 | ||||||
Just Energy Group, Inc. (b) | 3,905 | 25,637 | ||||||
Northland Power, Inc. (b) | 4,491 | 81,779 | ||||||
TransAlta Corp. (b) | 15,241 | 222,776 | ||||||
1,616,687 | ||||||||
CHINA — 1.0% | ||||||||
ENN Energy Holdings, Ltd. | 50,000 | 276,967 | ||||||
FINLAND — 1.8% | ||||||||
Fortum Oyj | 24,257 | 489,653 | ||||||
FRANCE — 8.9% | ||||||||
EDF SA | 14,982 | 287,806 | ||||||
GDF Suez | 82,773 | 1,596,457 | ||||||
Sechilienne-Sidec SA | 2,643 | 46,937 | ||||||
Suez Environnement Co. | 12,626 | 161,304 | ||||||
Veolia Environnement SA | 24,548 | 310,114 | ||||||
2,402,618 | ||||||||
GERMANY — 10.6% | ||||||||
E.ON AG | 107,167 | 1,874,290 | ||||||
RWE AG | 26,198 | 978,107 | ||||||
2,852,397 | ||||||||
HONG KONG — 9.4% | ||||||||
Cheung Kong Infrastructure Holdings, Ltd. | 26,000 | 178,354 | ||||||
CLP Holdings, Ltd. | 98,500 | 862,850 | ||||||
Hong Kong & China Gas Co., Ltd. | 298,201 | 870,096 | ||||||
Hongkong Electric Holdings, Ltd. | 66,000 | 622,790 | ||||||
2,534,090 | ||||||||
ITALY — 8.0% | ||||||||
A2A SpA | 75,325 | 44,812 | ||||||
Enel Green Power SpA | 77,247 | 145,119 | ||||||
Enel SpA | 348,552 | 1,139,527 | ||||||
Hera SpA | 34,052 | 60,036 | ||||||
Iren SpA | 15,909 | 11,859 | ||||||
Snam Rete Gas SpA | 94,400 | 431,055 | ||||||
Terna Rete Elettrica Nationale SpA | 78,399 | 325,171 | ||||||
2,157,579 | ||||||||
JAPAN — 14.4% | ||||||||
Chubu Electric Power Co., Inc. | 36,088 | 442,560 | ||||||
Electric Power Development Co., Ltd. | 9,800 | 258,186 | ||||||
Hokkaido Electric Power Co., Inc. (a) | 9,600 | 101,391 | ||||||
Hokuriku Electric Power Co. | 12,094 | 149,085 | ||||||
Japan Wind Development Co., Ltd. (a) | 7 | 8,733 | ||||||
Kyushu Electric Power Co., Inc. (a) | 26,292 | 273,211 | ||||||
Osaka Gas Co., Ltd. | 96,958 | 426,937 | ||||||
Saibu Gas Co., Ltd. | 11,000 | 25,271 | ||||||
Shikoku Electric Power Co., Inc. (a) | 9,700 | 141,136 | ||||||
Shizuoka Gas Co., Ltd. | 1,500 | 10,498 | ||||||
The Chugoku Electric Power Co., Inc. | 16,487 | 220,072 | ||||||
The Kansai Electric Power Co., Inc. (a) | 42,698 | 421,440 | ||||||
The Okinawa Electric Power Co., Inc. | 500 | 17,044 | ||||||
The Tokyo Electric Power Co., Inc. (a) | 79,999 | 216,972 | ||||||
Toho Gas Co., Ltd. | 32,000 | 208,636 | ||||||
Tohoku Electric Power Co., Inc. (a) | 29,472 | 238,234 | ||||||
Tokyo Gas Co., Ltd. | 130,958 | 715,937 | ||||||
3,875,343 | ||||||||
NEW ZEALAND — 0.6% | ||||||||
Contact Energy, Ltd. | 5,695 | 27,203 | ||||||
Infratil, Ltd. | 6,445 | 13,016 | ||||||
Vector, Ltd. (b) | 44,094 | 105,310 | ||||||
145,529 | ||||||||
PORTUGAL — 1.4% | ||||||||
EDP — Energias de Portugal SA | 116,677 | 359,879 | ||||||
SOUTH KOREA — 1.4% | ||||||||
Korea Electric Power Corp. ADR (a) | 27,790 | 375,806 | ||||||
SPAIN — 8.1% | ||||||||
Acciona SA | 1,534 | 83,776 | ||||||
EDP Renovaveis SA (a) | 23,755 | 114,999 | ||||||
Enagas | 11,702 | 272,957 | ||||||
Gas Natural SDG SA | 19,671 | 348,834 | ||||||
Iberdrola SA | 219,968 | 1,026,180 | ||||||
Red Electrica Corporacion SA | 6,387 | 321,910 | ||||||
2,168,656 | ||||||||
UNITED KINGDOM — 23.0% | ||||||||
APR Energy PLC (b) | 947 | 12,151 | ||||||
Centrica PLC | 285,047 | 1,591,515 | ||||||
Drax Group PLC | 22,282 | 206,896 | ||||||
National Grid PLC | 192,354 | 2,234,412 | ||||||
Pennon Group PLC | 19,268 | 182,274 | ||||||
Scottish & Southern Energy PLC | 51,663 | 1,164,164 | ||||||
Severn Trent PLC | 13,998 | 363,890 | ||||||
United Utilities Group PLC | 38,686 | 416,193 | ||||||
6,171,495 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $30,392,958) | 26,777,117 | |||||||
SHORT TERM INVESTMENTS — 1.4% | ||||||||
UNITED STATES — 1.4% | ||||||||
MONEY MARKET FUNDS — 1.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 359,218 | 359,218 |
See accompanying notes to financial statements.
236
SPDR S&P International Utilities Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2013 (Unaudited)
Security Description | Shares | Value | ||||||
State Street Institutional Liquid Reserves Fund 0.13% (d)(e) | 13,959 | $ | 13,959 | |||||
TOTAL SHORT TERM INVESTMENTS — | ||||||||
(Cost $373,177) | 373,177 | |||||||
TOTAL INVESTMENTS — 101.0% | ||||||||
(Cost $30,766,135) | 27,150,294 | |||||||
OTHER ASSETS & LIABILITIES — (1.0)% | (268,275 | ) | ||||||
NET ASSETS — 100.0% | $ | 26,882,019 | ||||||
(a) | Non-income producing security. | |||||
(b) | A portion of the security was on loan at March 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. |
ADR = American Depositary Receipt
PLC = Public Limited Company
See accompanying notes to financial statements.
237
SPDR INDEX SHARES FUNDS
STATEMENTS OF ASSETS AND LIABILITIES
STATEMENTS OF ASSETS AND LIABILITIES
March 31, 2013 (Unaudited)
SPDR S&P Emerging | ||||||||||||||||||||||||||||||||||||||||||||
SPDR STOXX | SPDR EURO | SPDR S&P Emerging | SPDR S&P Small Cap Emerging | SPDR S&P Emerging | Markets | SPDR S&P | SPDR S&P Emerging | SPDR S&P Emerging | ||||||||||||||||||||||||||||||||||||
Europe | STOXX | Asia Pacific | Asia Pacific | SPDR S&P Russia | SPDR S&P | Markets | Dividend | BRIC | Europe | Latin America | ||||||||||||||||||||||||||||||||||
50 ETF | 50 ETF | ETF | ETF | ETF | China ETF | ETF | ETF | 40 ETF | ETF | ETF | ||||||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 55,202,680 | $ | 1,819,739,404 | $ | 503,134,790 | $ | 2,163,717 | $ | 35,232,828 | $ | 1,097,513,683 | $ | 218,351,838 | $ | 502,671,196 | $ | 283,298,237 | $ | 90,984,423 | $ | 110,458,837 | ||||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 3,986 | 35,531 | 24,301,663 | 98,093 | 506,060 | 145,318,734 | 15,650,151 | 48,991,351 | 22,176,227 | 1,764,227 | 11,335,243 | |||||||||||||||||||||||||||||||||
Total Investments | 55,206,666 | 1,819,774,935 | 527,436,453 | 2,261,810 | 35,738,888 | 1,242,832,417 | 234,001,989 | 551,662,547 | 305,474,464 | 92,748,650 | 121,794,080 | |||||||||||||||||||||||||||||||||
Cash | — | — | — | — | 39,509 | — | 9 | 42,517 | — | — | — | |||||||||||||||||||||||||||||||||
Foreign currency, at value | 176,325 | 1,567,983 | 1,979,970 | 12,036 | — | 883,648 | 1,714,432 | 2,268,347 | — | 124,087 | 120,813 | |||||||||||||||||||||||||||||||||
Initial margin deposit on futures | — | — | — | — | — | — | 185,782 | — | — | — | — | |||||||||||||||||||||||||||||||||
Receivable for investments sold | — | — | — | — | — | 13,965,735 | — | — | — | — | 413,019 | |||||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | 31,391,461 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | 131,270 | 269,091 | — | — | — | — | — | — | — | 5,142 | — | |||||||||||||||||||||||||||||||||
Dividends and interest receivable — unaffiliated issuers | 184,456 | 338,468 | 538,627 | 1,386 | 14,165 | 135,753 | 381,737 | 1,939,649 | 147,031 | 57,737 | 445,976 | |||||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 1,064 | 167,344 | 19,078 | 261 | 97 | 129,799 | 5,818 | 61,514 | 5,508 | 509 | 3,568 | |||||||||||||||||||||||||||||||||
Receivable from broker — variation margin on open futures contracts | — | — | — | — | — | — | 32,503 | — | — | — | — | |||||||||||||||||||||||||||||||||
TOTAL ASSETS | 55,699,781 | 1,853,509,282 | 529,974,128 | 2,275,493 | 35,792,659 | 1,257,947,352 | 236,322,270 | 555,974,574 | 305,627,003 | 92,936,125 | 122,777,456 | |||||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | — | — | 23,787,347 | 89,440 | 151,678 | 144,250,283 | 12,792,104 | 48,275,613 | 21,345,997 | 1,551,671 | 11,122,062 | |||||||||||||||||||||||||||||||||
Payable for investments purchased | 73,649 | 31,387,910 | — | — | — | — | — | 9,721 | — | — | 297 | |||||||||||||||||||||||||||||||||
Due to custodian | — | — | — | — | — | — | — | — | 653 | — | — | |||||||||||||||||||||||||||||||||
Payable for fund shares repurchased | — | — | — | — | — | 14,005,377 | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 37,826 | 1,178,842 | 725,100 | 3,485 | 52,278 | 1,706,572 | 311,729 | 651,392 | 387,510 | 143,828 | 175,476 | |||||||||||||||||||||||||||||||||
Deferred foreign taxes payable | — | — | 1,428,415 | 8,840 | — | — | 254,069 | 554,825 | — | — | — | |||||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 50 | 695 | 701 | 13 | 81 | 1,222 | 284 | 387 | 555 | 147 | 206 | |||||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 111,525 | 32,567,447 | 25,941,563 | 101,778 | 204,037 | 159,963,454 | 13,358,186 | 49,491,938 | 21,734,715 | 1,695,646 | 11,298,041 | |||||||||||||||||||||||||||||||||
NET ASSETS | $ | 55,588,256 | $ | 1,820,941,835 | $ | 504,032,565 | $ | 2,173,715 | $ | 35,588,622 | $ | 1,097,983,898 | $ | 222,964,084 | $ | 506,482,636 | $ | 283,892,288 | $ | 91,240,479 | $ | 111,479,415 | ||||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 82,820,475 | $ | 1,894,512,925 | $ | 497,196,704 | $ | 1,896,364 | $ | 48,959,776 | $ | 1,207,151,022 | $ | 233,790,595 | $ | 542,446,660 | $ | 399,499,279 | $ | 148,491,408 | $ | 142,054,495 | ||||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | 32,585 | (5,520,316 | ) | 319,960 | (8,499 | ) | 177,280 | (1,546,658 | ) | 357,566 | 433,457 | 332,000 | 84,372 | 285,271 | ||||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments, foreign currency transactions and futures | (21,854,799 | ) | (103,351,255 | ) | (19,185,862 | ) | 7,093 | (2,568,347 | ) | (61,522,498 | ) | (6,665,708 | ) | (19,941,798 | ) | (84,932,861 | ) | (32,576,013 | ) | (14,475,873 | ) | |||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||||||
Investments (net of deferred foreign taxes of $0, $0, $1,428,415, $8,840, $0, $0, $254,069, $554,825, $0, $0, $0, respectively) | (5,414,503 | ) | 35,325,570 | 25,688,942 | 278,721 | (10,980,087 | ) | (46,094,009 | ) | (4,538,993 | ) | (16,422,862 | ) | (31,006,144 | ) | (24,752,886 | ) | (16,381,165 | ) | |||||||||||||||||||||||||
Foreign currency | 4,498 | (25,089 | ) | 12,821 | 36 | — | (3,959 | ) | (11,558 | ) | (32,821 | ) | 14 | (6,402 | ) | (3,313 | ) | |||||||||||||||||||||||||||
Futures | — | — | — | — | — | — | 32,182 | — | — | — | — | |||||||||||||||||||||||||||||||||
NET ASSETS | $ | 55,588,256 | $ | 1,820,941,835 | $ | 504,032,565 | $ | 2,173,715 | $ | 35,588,622 | $ | 1,097,983,898 | $ | 222,964,084 | $ | 506,482,636 | $ | 283,892,288 | $ | 91,240,479 | $ | 111,479,415 | ||||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 33.68 | $ | 32.99 | $ | 76.37 | $ | 43.47 | $ | 27.38 | $ | 69.94 | $ | 65.58 | $ | 45.02 | $ | 23.27 | $ | 41.47 | $ | 74.32 | ||||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 1,650,370 | 55,200,967 | 6,600,000 | 50,000 | 1,300,000 | 15,700,000 | 3,400,000 | 11,250,000 | 12,200,000 | 2,200,000 | 1,500,000 | |||||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 60,617,183 | $ | 1,784,413,834 | $ | 476,017,433 | $ | 1,876,156 | $ | 46,212,915 | $ | 1,143,607,692 | $ | 222,636,762 | $ | 518,539,233 | $ | 314,304,381 | $ | 115,737,309 | $ | 126,840,002 | ||||||||||||||||||||||
Affiliated issuers | 3,986 | 35,531 | 24,301,663 | 98,093 | 506,060 | 145,318,734 | 15,650,151 | 48,991,351 | 22,176,227 | 1,764,227 | 11,335,243 | |||||||||||||||||||||||||||||||||
Total cost of investments | $ | 60,621,169 | $ | 1,784,449,365 | $ | 500,319,096 | $ | 1,974,249 | $ | 46,718,975 | $ | 1,288,926,426 | $ | 238,286,913 | $ | 567,530,584 | $ | 336,480,608 | $ | 117,501,536 | $ | 138,175,245 | ||||||||||||||||||||||
Foreign currency, at cost | $ | 176,275 | $ | 1,578,130 | $ | 1,970,984 | $ | 12,010 | $ | — | $ | 887,579 | $ | 1,727,038 | $ | 2,287,589 | $ | (667 | ) | $ | 127,374 | $ | 120,992 | |||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | — | $ | — | $ | 22,000,924 | $ | 78,805 | $ | 147,365 | $ | 131,795,418 | $ | 12,140,319 | $ | 46,333,714 | $ | 20,662,543 | $ | 1,551,137 | $ | 10,776,964 | ||||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF ASSETS AND LIABILITIES (continued)
STATEMENTS OF ASSETS AND LIABILITIES (continued)
March 31, 2013 (Unaudited)
SPDR S&P Emerging | SPDR S&P Global | |||||||||||||||||||||||||||||||||||||||||||
Middle | SPDR Dow Jones International | SPDR S&P | Natural | |||||||||||||||||||||||||||||||||||||||||
East & Africa | SPDR S&P International | Real Estate | Global | Resources | SPDR MSCI | SPDR MSCI EM | SPDR Russell/Nomura | SPDR Russell/Nomura | ||||||||||||||||||||||||||||||||||||
ETF | SPDR S&P World ex-US ETF | Small Cap ETF | ETF | Infrastructure ETF | ETF | SPDR MSCI ACWI ex-US ETF | ACWI IMI ETF | 50 ETF | PRIME Japan ETF | Small Cap Japan ETF | ||||||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 73,324,107 | $ | 573,026,847 | $ | 738,577,902 | $ | 3,859,025,413 | $ | 71,487,508 | $ | 554,978,736 | $ | 422,717,582 | $ | 5,376,851 | $ | 2,353,894 | $ | 16,236,163 | $ | 71,095,724 | ||||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 8,827,442 | 47,778,255 | 83,871,635 | 164,270,272 | 9,648,538 | 32,696,417 | 33,816,902 | 394,436 | 1,221 | 3,824,664 | 13,632,728 | |||||||||||||||||||||||||||||||||
Total Investments | 82,151,549 | 620,805,102 | 822,449,537 | 4,023,295,685 | 81,136,046 | 587,675,153 | 456,534,484 | 5,771,287 | 2,355,115 | 20,060,827 | 84,728,452 | |||||||||||||||||||||||||||||||||
Cash | — | 47 | — | 73,937 | 15,928 | 7,165 | 4 | 833 | — | — | — | |||||||||||||||||||||||||||||||||
Foreign currency, at value | 244,975 | 2,840,041 | 4,416,264 | 762,282 | 68,304 | 1,650,743 | 1,266,436 | 40,407 | 60 | 22,595 | 210,627 | |||||||||||||||||||||||||||||||||
Receivable for investments sold | — | — | — | 12,374,116 | — | 15,110,813 | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | 5,223,370 | — | 12,871,646 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | — | 218,587 | 204,348 | 536,784 | 31,776 | 60,790 | 386,863 | 2,057 | — | — | — | |||||||||||||||||||||||||||||||||
Dividends and interest receivable — unaffiliated issuers | 297,758 | 2,247,670 | 3,913,543 | 11,753,586 | 167,071 | 927,898 | 1,550,794 | 13,375 | 3,110 | 138,768 | 633,551 | |||||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 3,864 | 36,623 | 84,387 | 119,010 | 1,840 | 17,184 | 27,035 | 4 | — | 912 | 7,671 | |||||||||||||||||||||||||||||||||
TOTAL ASSETS | 82,698,146 | 631,371,440 | 831,068,079 | 4,061,787,046 | 81,420,965 | 605,449,746 | 459,765,616 | 5,827,963 | 2,358,285 | 20,223,102 | 85,580,301 | |||||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 8,779,757 | 46,230,415 | 83,199,699 | 164,192,394 | 9,516,330 | 31,479,670 | 32,990,476 | 357,826 | — | 3,811,115 | 13,629,687 | |||||||||||||||||||||||||||||||||
Payable for investments purchased | — | 5,146,600 | 243 | 20,944,300 | — | 10,278,103 | 45,318 | 244 | — | — | — | |||||||||||||||||||||||||||||||||
Payable for fund shares repurchased | — | — | — | — | — | 5,037,497 | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 122,048 | 441,338 | 1,093,826 | 5,274,287 | 95,935 | 561,550 | 339,943 | 3,301 | 3,009 | 20,510 | 86,544 | |||||||||||||||||||||||||||||||||
Deferred foreign taxes payable | — | — | — | — | — | — | 122,621 | 213 | — | — | — | |||||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 156 | 365 | 101,126 | 140,929 | 53 | 430 | 704 | 14 | 13 | 23 | 137 | |||||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 8,901,961 | 51,818,718 | 84,394,894 | 190,551,910 | 9,612,318 | 47,357,250 | 33,499,062 | 361,598 | 3,022 | 3,831,648 | 13,716,368 | |||||||||||||||||||||||||||||||||
NET ASSETS | $ | 73,796,185 | $ | 579,552,722 | $ | 746,673,185 | $ | 3,871,235,136 | $ | 71,808,647 | $ | 558,092,496 | $ | 426,266,554 | $ | 5,466,365 | $ | 2,355,263 | $ | 16,391,454 | $ | 71,863,933 | ||||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 104,338,207 | $ | 527,691,539 | $ | 784,023,460 | $ | 3,927,614,432 | $ | 90,711,707 | $ | 598,153,032 | $ | 520,886,387 | $ | 5,000,000 | $ | 2,516,863 | $ | 20,168,905 | $ | 85,696,162 | ||||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | 71,436 | 2,775,233 | (1,006,608 | ) | (147,826,850 | ) | 388,842 | 2,699,869 | 2,052,128 | 25,778 | 750 | 92,376 | 506,083 | |||||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (21,596,861 | ) | (4,153,528 | ) | (31,651,535 | ) | (547,595,935 | ) | (13,226,578 | ) | (27,160,629 | ) | (61,624,051 | ) | 3,040 | (78,918 | ) | (1,310,462 | ) | (5,736,587 | ) | |||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||||||
Investments (net of deferred foreign taxes of $0, $0, $0, $0, $0, $0, $122,621, $213, $0, $0, $0, respectively) | (9,017,857 | ) | 53,286,475 | (4,673,154 | ) | 639,119,800 | (6,062,399 | ) | (15,604,721 | ) | (35,022,305 | ) | 438,160 | (83,413 | ) | (2,558,994 | ) | (8,589,971 | ) | |||||||||||||||||||||||||
Foreign currency | 1,260 | (46,997 | ) | (18,978 | ) | (76,311 | ) | (2,925 | ) | 4,945 | (25,605 | ) | (613 | ) | (19 | ) | (371 | ) | (11,754 | ) | ||||||||||||||||||||||||
NET ASSETS | $ | 73,796,185 | $ | 579,552,722 | $ | 746,673,185 | $ | 3,871,235,136 | $ | 71,808,647 | $ | 558,092,496 | $ | 426,266,554 | $ | 5,466,365 | $ | 2,355,263 | $ | 16,391,454 | $ | 71,863,933 | ||||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 67.09 | $ | 26.11 | $ | 30.48 | $ | 42.81 | $ | 42.24 | $ | 50.28 | $ | 32.79 | $ | 54.66 | $ | 47.11 | $ | 40.98 | $ | 47.91 | ||||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 1,100,000 | 22,200,000 | 24,500,000 | 90,435,379 | 1,700,000 | 11,100,000 | 13,000,000 | 100,000 | 50,000 | 400,000 | 1,500,075 | |||||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 82,341,964 | $ | 519,740,372 | $ | 743,251,056 | $ | 3,219,905,613 | $ | 77,549,907 | $ | 570,583,457 | $ | 457,617,266 | $ | 4,938,478 | $ | 2,437,307 | $ | 18,795,157 | $ | 79,685,695 | ||||||||||||||||||||||
Affiliated issuers | 8,827,442 | 47,778,255 | 83,871,635 | 164,270,272 | 9,648,538 | 32,696,417 | 33,816,902 | 394,436 | 1,221 | 3,824,664 | 13,632,728 | |||||||||||||||||||||||||||||||||
Total cost of investments | $ | 91,169,406 | $ | 567,518,627 | $ | 827,122,691 | $ | 3,384,175,885 | $ | 87,198,445 | $ | 603,279,874 | $ | 491,434,168 | $ | 5,332,914 | $ | 2,438,528 | $ | 22,619,821 | $ | 93,318,423 | ||||||||||||||||||||||
Foreign currency, at cost | $ | 247,566 | $ | 2,888,385 | $ | 4,413,908 | $ | 758,423 | $ | 68,182 | $ | 1,648,533 | $ | 1,278,763 | $ | 41,014 | $ | 60 | $ | 23,331 | $ | 223,333 | ||||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 8,365,426 | $ | 46,627,832 | $ | 78,240,585 | $ | 161,482,752 | $ | 9,330,028 | $ | 30,119,805 | $ | 32,916,328 | $ | 355,587 | $ | — | $ | 3,570,974 | $ | 12,867,247 | ||||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF ASSETS AND LIABILITIES (continued)
STATEMENTS OF ASSETS AND LIABILITIES (continued)
March 31, 2013 (Unaudited)
SPDR S&P International | SPDR S&P International | |||||||||||||||||||||||||||||||||||||||||||
Consumer | Consumer | SPDR S&P International | SPDR S&P International | SPDR S&P International | SPDR S&P International | SPDR S&P International | ||||||||||||||||||||||||||||||||||||||
SPDR S&P International | SPDR S&P Emerging | SPDR Dow Jones Global | Discretionary | Staples | Energy | Financial | Health | Industrial | Materials | |||||||||||||||||||||||||||||||||||
Dividend | SPDR S&P | Markets | Real Estate | Sector | Sector | Sector | Sector | Care Sector | Sector | Sector | ||||||||||||||||||||||||||||||||||
ETF | International Mid Cap ETF | Small Cap ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ||||||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 1,315,796,864 | $ | 36,126,650 | $ | 904,227,096 | $ | 916,086,874 | $ | 9,647,601 | $ | 36,438,689 | $ | 10,892,546 | $ | 7,837,413 | $ | 33,305,157 | $ | 10,905,714 | $ | 9,189,656 | ||||||||||||||||||||||
Investments in securities of affiliated issuers, at value (Note 3) | 89,890,658 | 5,281,550 | 53,146,044 | 73,859,216 | 322,216 | 532,748 | 718,037 | 410,410 | 340,721 | 366,082 | 473,798 | |||||||||||||||||||||||||||||||||
Total Investments | 1,405,687,522 | 41,408,200 | 957,373,140 | 989,946,090 | 9,969,817 | 36,971,437 | 11,610,583 | 8,247,823 | 33,645,878 | 11,271,796 | 9,663,454 | |||||||||||||||||||||||||||||||||
Cash | — | — | — | 393,781 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Foreign currency, at value | 2,497,097 | 86,596 | 462,683 | 105,191 | 10,794 | 41,395 | 49,932 | 9,659 | 123,374 | 40,616 | 23,386 | |||||||||||||||||||||||||||||||||
Receivable for investments sold | — | 51,239 | — | 2,011,804 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Receivable for fund shares sold | 19,352,674 | 1,512,960 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | 212,875 | 10,678 | 11,106 | 17,040 | 2,174 | 47,839 | 1,859 | 773 | 110,733 | 7,661 | 4,801 | |||||||||||||||||||||||||||||||||
Dividends and interest receivable — unaffiliated issuers | 3,576,227 | 167,913 | 736,603 | 2,443,163 | 31,136 | 140,845 | 31,951 | 46,781 | 117,874 | 41,033 | 33,078 | |||||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 180,605 | 2,842 | 169,169 | 21,186 | 199 | 523 | 897 | 386 | 1,243 | 702 | 116 | |||||||||||||||||||||||||||||||||
TOTAL ASSETS | 1,431,507,000 | 43,240,428 | 958,752,701 | 994,938,255 | 10,014,120 | 37,202,039 | 11,695,222 | 8,305,422 | 33,999,102 | 11,361,808 | 9,724,835 | |||||||||||||||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 89,608,833 | 5,267,899 | 51,782,970 | 73,376,793 | 300,206 | 397,960 | 715,413 | 396,636 | 333,557 | 321,582 | 463,714 | |||||||||||||||||||||||||||||||||
Payable for investments purchased | 18,693,679 | 1,409,871 | — | 1,503,683 | — | — | 13,651 | — | — | — | 7 | |||||||||||||||||||||||||||||||||
Due to custodian | — | 89,449 | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 1,391,176 | 37,877 | 1,449,773 | 1,003,705 | 9,873 | 30,918 | 13,847 | 8,622 | 39,561 | 11,824 | 12,149 | |||||||||||||||||||||||||||||||||
Deferred foreign taxes payable | 904,283 | — | 2,163,485 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 1,229 | 60 | 1,407 | 642 | 11 | 32 | 19 | 9 | 30 | 20 | 22 | |||||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 110,599,200 | 6,805,156 | 55,397,635 | 75,884,823 | 310,090 | 428,910 | 742,930 | 405,267 | 373,148 | 333,426 | 475,892 | |||||||||||||||||||||||||||||||||
NET ASSETS | $ | 1,320,907,800 | $ | 36,435,272 | $ | 903,355,066 | $ | 919,053,432 | $ | 9,704,030 | $ | 36,773,129 | $ | 10,952,292 | $ | 7,900,155 | $ | 33,625,954 | $ | 11,028,382 | $ | 9,248,943 | ||||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 1,386,864,965 | $ | 33,425,284 | $ | 1,003,850,425 | $ | 797,063,652 | $ | 9,310,560 | $ | 33,224,443 | $ | 13,495,410 | $ | 9,728,479 | $ | 29,289,429 | $ | 12,181,495 | $ | 13,654,752 | ||||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (723,090 | ) | (60,499 | ) | 532,558 | (11,987,290 | ) | 31,001 | (7,988 | ) | 13,012 | 23,195 | 133,700 | 38,510 | 13,952 | |||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (80,132,342 | ) | 213,097 | (47,947,869 | ) | (10,748,722 | ) | (86,119 | ) | (22,025 | ) | (637,331 | ) | (1,010,958 | ) | (228,645 | ) | (312,208 | ) | (664,191 | ) | |||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||||||
Investments (net of deferred foreign taxes of $904,283, $0, $2,163,485, $0, $0, $0, $0, $0, $0, $0, $0, respectively) | 14,881,652 | 2,857,692 | (53,085,895 | ) | 144,731,842 | 448,809 | 3,578,604 | (1,918,832 | ) | (840,702 | ) | 4,436,010 | (878,428 | ) | (3,755,528 | ) | ||||||||||||||||||||||||||||
Foreign currency | 16,615 | (302 | ) | 5,847 | (6,050 | ) | (221 | ) | 95 | 33 | 141 | (4,540 | ) | (987 | ) | (42 | ) | |||||||||||||||||||||||||||
NET ASSETS | $ | 1,320,907,800 | $ | 36,435,272 | $ | 903,355,066 | $ | 919,053,432 | $ | 9,704,030 | $ | 36,773,129 | $ | 10,952,292 | $ | 7,900,155 | $ | 33,625,954 | $ | 11,028,382 | $ | 9,248,943 | ||||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 48.38 | $ | 30.36 | $ | 47.80 | $ | 44.19 | $ | 32.35 | $ | 38.71 | $ | 24.34 | $ | 19.75 | $ | 39.56 | $ | 27.57 | $ | 23.12 | ||||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 27,301,326 | 1,200,000 | 18,900,000 | 20,800,000 | 300,000 | 950,000 | 450,000 | 400,000 | 850,000 | 400,000 | 400,000 | |||||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 1,300,010,929 | $ | 33,268,958 | $ | 955,149,506 | $ | 771,355,032 | $ | 9,198,792 | $ | 32,860,085 | $ | 12,811,378 | $ | 8,678,115 | $ | 28,869,147 | $ | 11,784,142 | $ | 12,945,184 | ||||||||||||||||||||||
Affiliated issuers | 89,890,658 | 5,281,550 | 53,146,044 | 73,859,216 | 322,216 | 532,748 | 718,037 | 410,410 | 340,721 | 366,082 | 473,798 | |||||||||||||||||||||||||||||||||
Total cost of investments | $ | 1,389,901,587 | $ | 38,550,508 | $ | 1,008,295,550 | $ | 845,214,248 | $ | 9,521,008 | $ | 33,392,833 | $ | 13,529,415 | $ | 9,088,525 | $ | 29,209,868 | $ | 12,150,224 | $ | 13,418,982 | ||||||||||||||||||||||
Foreign currency, at cost | $ | 2,496,064 | $ | 86,383 | $ | 461,381 | $ | 104,735 | $ | 10,986 | $ | 41,552 | $ | 49,870 | $ | 9,642 | $ | 125,340 | $ | 41,424 | $ | 23,372 | ||||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 85,862,765 | $ | 5,037,026 | $ | 68,847,579 | $ | 70,558,420 | $ | 299,298 | $ | 498,881 | $ | 751,349 | $ | 485,421 | $ | 319,658 | $ | 354,120 | $ | 507,204 | ||||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF ASSETS AND LIABILITIES (continued)
STATEMENTS OF ASSETS AND LIABILITIES (continued)
March 31, 2013 (Unaudited)
SPDR S&P International | SPDR S&P International | SPDR S&P International | ||||||||||
Technology | Telecommunications | Utilities | ||||||||||
Sector | Sector | Sector | ||||||||||
ETF | ETF | ETF | ||||||||||
ASSETS | ||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 16,322,891 | $ | 31,020,285 | $ | 26,777,117 | ||||||
Investments in securities of affiliated issuers, at value (Note 3) | 517,533 | 864,795 | 373,177 | |||||||||
Total Investments | 16,840,424 | 31,885,080 | 27,150,294 | |||||||||
Foreign currency, at value | 72,582 | 57,121 | 64,569 | |||||||||
Receivable for foreign taxes recoverable | 587 | 15,372 | 2,870 | |||||||||
Dividends and interest receivable — unaffiliated issuers | 46,665 | 93,458 | 56,246 | |||||||||
Dividends receivable — affiliated issuers | 837 | 695 | 385 | |||||||||
TOTAL ASSETS | 16,961,095 | 32,051,726 | 27,274,364 | |||||||||
LIABILITIES | ||||||||||||
Payable upon return of securities loaned | 444,179 | 845,279 | 359,218 | |||||||||
Accrued advisory fee (Note 3) | 18,722 | 35,125 | 33,104 | |||||||||
Accrued trustees’ fees and expenses (Note 3) | 21 | 30 | 23 | |||||||||
TOTAL LIABILITIES | 462,922 | 880,434 | 392,345 | |||||||||
NET ASSETS | $ | 16,498,173 | $ | 31,171,292 | $ | 26,882,019 | ||||||
NET ASSETS CONSIST OF: | ||||||||||||
Paid in capital (Note 4) | $ | 16,767,843 | $ | 32,822,923 | $ | 31,508,641 | ||||||
Undistributed (distribution in excess of) net investment income | 34,622 | 43,628 | (107,208 | ) | ||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (199,425 | ) | (921,808 | ) | (903,674 | ) | ||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||
Investments | (103,880 | ) | (773,795 | ) | (3,615,841 | ) | ||||||
Foreign currency | (987 | ) | 344 | 101 | ||||||||
NET ASSETS | $ | 16,498,173 | $ | 31,171,292 | $ | 26,882,019 | ||||||
NET ASSET VALUE PER SHARE | ||||||||||||
Net asset value per share | $ | 27.50 | $ | 23.09 | $ | 16.29 | ||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 600,000 | 1,350,000 | 1,650,000 | |||||||||
COST OF INVESTMENTS: | ||||||||||||
Unaffiliated issuers | $ | 16,426,771 | $ | 31,794,080 | $ | 30,392,958 | ||||||
Affiliated issuers | 517,533 | 864,795 | 373,177 | |||||||||
Total cost of investments | $ | 16,944,304 | $ | 32,658,875 | $ | 30,766,135 | ||||||
Foreign currency, at cost | $ | 73,645 | $ | 57,255 | $ | 64,682 | ||||||
* Includes investments in securities on loan, at value | $ | 421,677 | $ | 820,801 | $ | 343,360 | ||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF OPERATIONS
STATEMENTS OF OPERATIONS
For the Six Months Ended March 31, 2013 (Unaudited)
SPDR S&P Emerging | ||||||||||||||||||||||||||||||||||||||||||||
SPDR STOXX | SPDR EURO | SPDR S&P Emerging | SPDR S&P Small Cap Emerging | SPDR S&P Emerging | Markets | SPDR S&P | SPDR S&P Emerging | SPDR S&P Emerging | ||||||||||||||||||||||||||||||||||||
Europe | STOXX | Asia Pacific | Asia Pacific | SPDR S&P Russia | SPDR S&P | Markets | Dividend | BRIC | Europe | Latin America | ||||||||||||||||||||||||||||||||||
50 ETF | 50 ETF | ETF | ETF | ETF | China ETF | ETF | ETF | 40 ETF | ETF | ETF | ||||||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 797,280 | $ | 10,879,675 | $ | 2,222,223 | $ | 7,052 | $ | 332,683 | $ | 702,241 | $ | 1,363,740 | $ | 5,404,851 | $ | 1,726,481 | $ | 465,393 | $ | 1,654,343 | ||||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 29 | 330 | 857 | 20 | 169 | 916 | 1,467 | 648 | 318 | 199 | 240 | |||||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 6,803 | 348,307 | 117,577 | 1,391 | 349 | 830,254 | 29,509 | 324,175 | 37,922 | 5,566 | 21,318 | |||||||||||||||||||||||||||||||||
Interest income (Note 2) | — | — | 1,782 | 10 | — | — | 5,092 | 1,969 | — | — | — | |||||||||||||||||||||||||||||||||
Foreign taxes withheld | (51,457 | ) | (1,016,759 | ) | (126,611 | ) | (1,287 | ) | (43,020 | ) | (16,667 | ) | (131,541 | ) | (541,490 | ) | (204,060 | ) | (65,250 | ) | (121,662 | ) | ||||||||||||||||||||||
TOTAL INVESTMENT INCOME | 752,655 | 10,211,553 | 2,215,828 | 7,186 | 290,181 | 1,516,744 | 1,268,267 | 5,190,153 | 1,560,661 | 405,908 | 1,554,239 | |||||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 67,502 | 2,009,841 | 1,314,045 | 7,094 | 108,531 | 3,037,296 | 557,617 | 1,128,912 | 771,771 | 274,464 | 343,103 | |||||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 337 | 7,584 | 3,898 | 30 | 407 | 7,753 | 1,588 | 2,647 | 3,004 | 837 | 1,114 | |||||||||||||||||||||||||||||||||
Miscellaneous expenses | — | 5,210 | 8,148 | — | 2,818 | 125 | 2,082 | 14,698 | 4,043 | 311 | 1,870 | |||||||||||||||||||||||||||||||||
TOTAL EXPENSES | 67,839 | 2,022,635 | 1,326,091 | 7,124 | 111,756 | 3,045,174 | 561,287 | 1,146,257 | 778,818 | 275,612 | 346,087 | |||||||||||||||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) | 684,816 | 8,188,918 | 889,737 | 62 | 178,425 | (1,528,430 | ) | 706,980 | 4,043,896 | 781,843 | 130,296 | 1,208,152 | ||||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||||||
Investments | (1,327,765 | ) | (15,306,159 | ) | (708,607 | ) | 5,721 | (400,698 | ) | 2,828,631 | (590,204 | ) | 8,752,542 | 694,865 | 258,320 | 20,453 | ||||||||||||||||||||||||||||
Foreign currency transactions | (381 | ) | 12,645 | (9,294 | ) | 1,638 | 22 | 549 | (87,418 | ) | (365,798 | ) | 350 | 1,009 | 12,506 | |||||||||||||||||||||||||||||
Futures | — | — | — | — | — | — | (46,453 | ) | — | — | — | — | ||||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers (net of deferred foreign taxes of $0, $0, $1,428,415, $8,840, $0, $0, $254,069, $554,825, $0, $0, $0, respectively) | 3,981,451 | 53,672,451 | 19,121,008 | 184,570 | (312,463 | ) | 48,343,445 | 4,448,605 | (4,758,818 | ) | 6,242,915 | 1,212,708 | 3,650,205 | |||||||||||||||||||||||||||||||
Foreign currency transactions | (1,396 | ) | (13,701 | ) | (9,289 | ) | 144 | (91 | ) | (5,253 | ) | 20,424 | (69,073 | ) | (137 | ) | (9,127 | ) | 186 | |||||||||||||||||||||||||
Futures | — | — | — | — | — | — | 57,687 | — | — | — | — | |||||||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS, FOREIGN CURRENCY TRANSACTIONS AND FUTURES | 2,651,909 | 38,365,236 | 18,393,818 | 192,073 | (713,230 | ) | 51,167,372 | 3,802,641 | 3,558,853 | 6,937,993 | 1,462,910 | 3,683,350 | ||||||||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | 3,336,725 | $ | 46,554,154 | $ | 19,283,555 | $ | 192,135 | $ | (534,805 | ) | $ | 49,638,942 | $ | 4,509,621 | $ | 7,602,749 | $ | 7,719,836 | $ | 1,593,206 | $ | 4,891,502 | |||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF OPERATIONS (continued)
STATEMENTS OF OPERATIONS (continued)
For the Six Months Ended March 31, 2013 (Unaudited)
SPDR S&P Emerging | SPDR S&P | SPDR S&P Global | ||||||||||||||||||||||||||||||||||||||||||
Middle | SPDR Dow Jones International | Global | Natural | |||||||||||||||||||||||||||||||||||||||||
East & Africa | SPDR S&P International | Real Estate | Infrastructure | Resources | SPDR MSCI | SPDR MSCI EM | SPDR Russell/Nomura | SPDR Russell/Nomura | ||||||||||||||||||||||||||||||||||||
ETF | SPDR S&P World ex-US ETF | Small Cap ETF | ETF | ETF | ETF | SPDR MSCI ACWI ex-US ETF | ACWI IMI ETF | 50 ETF | PRIME Japan ETF | Small Cap Japan ETF | ||||||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 1,327,307 | $ | 6,077,903 | $ | 8,944,032 | $ | 55,755,875 | $ | 907,300 | $ | 6,157,622 | $ | 4,745,647 | $ | 60,935 | $ | 17,431 | $ | 166,294 | $ | 777,372 | ||||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 194 | 515 | 1,489 | 6,629 | 83 | 774 | 285 | 28 | 4 | 21 | 160 | |||||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 13,090 | 127,994 | 421,370 | 395,247 | 10,190 | 71,311 | 99,272 | 12 | — | 3,356 | 34,635 | |||||||||||||||||||||||||||||||||
Interest income (Note 2) | 565 | 559 | 2,755 | 1,847 | — | 431 | 483 | — | — | — | — | |||||||||||||||||||||||||||||||||
Foreign taxes withheld | (156,155 | ) | (417,407 | ) | (1,542,625 | ) | (4,095,730 | ) | (25,993 | ) | (297,381 | ) | (349,824 | ) | (2,323 | ) | (2,475 | ) | (11,877 | ) | (55,431 | ) | ||||||||||||||||||||||
TOTAL INVESTMENT INCOME | 1,185,001 | 5,789,564 | 7,827,021 | 52,063,868 | 891,580 | 5,932,757 | 4,495,863 | 58,652 | 14,960 | 157,794 | 756,736 | |||||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 256,290 | 816,490 | 2,109,999 | 10,259,227 | 157,185 | 1,008,574 | 667,542 | 6,467 | 6,721 | 38,334 | 171,296 | |||||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 869 | 3,156 | 6,414 | 27,727 | 355 | 3,371 | 3,775 | 43 | 32 | 133 | 670 | |||||||||||||||||||||||||||||||||
Miscellaneous expenses | 143 | 1,140 | 893 | 714 | 27 | 383 | 78 | — | 33 | — | — | |||||||||||||||||||||||||||||||||
TOTAL EXPENSES | 257,302 | 820,786 | 2,117,306 | 10,287,668 | 157,567 | 1,012,328 | 671,395 | 6,510 | 6,786 | 38,467 | 171,966 | |||||||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 927,699 | 4,968,778 | 5,709,715 | 41,776,200 | 734,013 | 4,920,429 | 3,824,468 | 52,142 | 8,174 | 119,327 | 584,770 | |||||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||||||
Investments | 744,687 | (30,587 | ) | 2,162,017 | (24,663,990 | ) | (3,982,058 | ) | (8,220,429 | ) | 937,261 | 3,577 | (116,095 | ) | 1,572,036 | (1,258,518 | ) | |||||||||||||||||||||||||||
Foreign currency transactions | 12,125 | (52,925 | ) | (99,982 | ) | (1,183,553 | ) | (6,786 | ) | (22,112 | ) | (54,129 | ) | (527 | ) | (746 | ) | (12,932 | ) | (51,744 | ) | |||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers (net of deferred foreign taxes of $0, $0, $0, $0, $0, $0, $122,621, $213, $0, $0, $0, respectively) | (4,541,056 | ) | 40,520,330 | 79,257,506 | 432,849,343 | 7,432,615 | (2,628,013 | ) | 27,993,377 | 466,127 | 159,954 | 1,037,624 | 10,388,325 | |||||||||||||||||||||||||||||||
Foreign currency transactions | (1,902 | ) | (44,704 | ) | (117,333 | ) | (195,081 | ) | (79 | ) | (7,434 | ) | (20,244 | ) | (1,116 | ) | (37 | ) | (4,030 | ) | (30,425 | ) | ||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | (3,786,146 | ) | 40,392,114 | 81,202,208 | 406,806,719 | 3,443,692 | (10,877,988 | ) | 28,856,265 | 468,061 | 43,076 | 2,592,698 | 9,047,638 | |||||||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | (2,858,447 | ) | $ | 45,360,892 | $ | 86,911,923 | $ | 448,582,919 | $ | 4,177,705 | $ | (5,957,559 | ) | $ | 32,680,733 | $ | 520,203 | $ | 51,250 | $ | 2,712,025 | $ | 9,632,408 | ||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF OPERATIONS (continued)
STATEMENTS OF OPERATIONS (continued)
For the Six Months Ended March 31, 2013 (Unaudited)
SPDR S&P International | SPDR S&P International | |||||||||||||||||||||||||||||||||||||||||||
Consumer | Consumer | SPDR S&P International | SPDR S&P International | SPDR S&P International | SPDR S&P International | SPDR S&P International | ||||||||||||||||||||||||||||||||||||||
SPDR S&P International | SPDR S&P Emerging | SPDR Dow Jones Global | Discretionary | Staples | Energy | Financial | Health | Industrial | Materials | |||||||||||||||||||||||||||||||||||
Dividend | SPDR S&P | Markets | Real Estate | Sector | Sector | Sector | Sector | Care Sector | Sector | Sector | ||||||||||||||||||||||||||||||||||
ETF | International Mid Cap ETF | Small Cap ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ETF | ||||||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 22,487,738 | $ | 357,877 | $ | 4,434,849 | $ | 12,256,458 | $ | 58,661 | $ | 252,744 | $ | 185,503 | $ | 99,230 | $ | 532,601 | $ | 100,897 | $ | 82,471 | ||||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 3) | 1,453 | 25 | 2,417 | 1,160 | 9 | 53 | 11 | 14 | 16 | 18 | 10 | |||||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 985,087 | 12,160 | 1,104,906 | 56,153 | 1,077 | 2,659 | 3,608 | 1,311 | 1,907 | 1,997 | 807 | |||||||||||||||||||||||||||||||||
Interest income (Note 2) | 2,994 | 13 | 1,486 | 72 | 5 | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Foreign taxes withheld | (1,509,178 | ) | (26,226 | ) | (685,520 | ) | (406,075 | ) | (4,386 | ) | (9,296 | ) | (15,162 | ) | (6,426 | ) | (53,873 | ) | (8,705 | ) | (4,119 | ) | ||||||||||||||||||||||
TOTAL INVESTMENT INCOME | 21,968,094 | 343,849 | 4,858,138 | 11,907,768 | 55,366 | 246,160 | 173,960 | 94,129 | 480,651 | 94,207 | 79,169 | |||||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 2,592,717 | 77,539 | 2,900,039 | 1,760,885 | 17,050 | 55,116 | 27,979 | 13,667 | 76,969 | 21,085 | 26,849 | |||||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 8,579 | 333 | 8,145 | 4,725 | 60 | 180 | 107 | 43 | 226 | 90 | 116 | |||||||||||||||||||||||||||||||||
Miscellaneous expenses | 8,937 | — | 8,707 | 35 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
TOTAL EXPENSES | 2,610,233 | 77,872 | 2,916,891 | 1,765,645 | 17,110 | 55,296 | 28,086 | 13,710 | 77,195 | 21,175 | 26,965 | |||||||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 19,357,861 | 265,977 | 1,941,247 | 10,142,123 | 38,256 | 190,864 | 145,874 | 80,419 | 403,456 | 73,032 | 52,204 | |||||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||||||
Investments | 34,962,995 | 697,357 | (6,983,642 | ) | 313,024 | (28,654 | ) | 59,576 | (7,455 | ) | (22,985 | ) | 2,455 | (412,746 | ) | (643,568 | ) | |||||||||||||||||||||||||||
Foreign currency transactions | 250,833 | (7,318 | ) | (110,684 | ) | (105,000 | ) | (1,865 | ) | (4,164 | ) | (783 | ) | (1,546 | ) | (7,598 | ) | (5,285 | ) | (3,001 | ) | |||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers (net of deferred foreign taxes of $904,283, $0, $2,163,485, $0, $0, $0, $0, $0, $0, $0, $0, respectively) | 39,096,417 | 2,865,597 | 83,034,573 | 68,379,865 | 1,083,646 | 2,634,130 | (413,042 | ) | 563,617 | 3,685,537 | 1,327,193 | 652,732 | ||||||||||||||||||||||||||||||||
Foreign currency transactions | 25,646 | (1,392 | ) | 26,530 | (14,337 | ) | (347 | ) | (197 | ) | 168 | 123 | (3,219 | ) | (1,009 | ) | (623 | ) | ||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | 74,335,891 | 3,554,244 | 75,966,777 | 68,573,552 | 1,052,780 | 2,689,345 | (421,112 | ) | 539,209 | 3,677,175 | 908,153 | 5,540 | ||||||||||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | 93,693,752 | $ | 3,820,221 | $ | 77,908,024 | $ | 78,715,675 | $ | 1,091,036 | $ | 2,880,209 | $ | (275,238 | ) | $ | 619,628 | $ | 4,080,631 | $ | 981,185 | $ | 57,744 | |||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF OPERATIONS (continued)
STATEMENTS OF OPERATIONS (continued)
For the Six Months Ended March 31, 2013 (Unaudited)
SPDR S&P International | SPDR S&P International | SPDR S&P International | ||||||||||
Technology | Telecommunications | Utilities | ||||||||||
Sector | Sector | Sector | ||||||||||
ETF | ETF | ETF | ||||||||||
INVESTMENT INCOME | ||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 88,650 | $ | 313,746 | $ | 298,036 | ||||||
Dividend income on securities of affiliated issuers (Note 3) | 28 | 35 | 35 | |||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 3,994 | 2,768 | 5,910 | |||||||||
Foreign taxes withheld | (7,240 | ) | (17,745 | ) | (17,792 | ) | ||||||
TOTAL INVESTMENT INCOME | 85,432 | 298,804 | 286,189 | |||||||||
EXPENSES | ||||||||||||
Advisory fee (Note 3) | 32,867 | 66,547 | 65,954 | |||||||||
Trustees’ fees and expenses (Note 3) | 114 | 203 | 190 | |||||||||
Miscellaneous expenses | — | 44 | — | |||||||||
TOTAL EXPENSES | 32,981 | 66,794 | 66,144 | |||||||||
NET INVESTMENT INCOME | 52,451 | 232,010 | 220,045 | |||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||
Net realized gain (loss) on: | ||||||||||||
Investments | (7,659 | ) | (335,411 | ) | 1,626 | |||||||
Foreign currency transactions | (3,721 | ) | (7,588 | ) | (7,891 | ) | ||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||
Investments | 1,602,829 | 780,867 | (29,552 | ) | ||||||||
Foreign currency transactions | (1,218 | ) | (2,253 | ) | 596 | |||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | 1,590,231 | 435,615 | (35,221 | ) | ||||||||
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ | 1,642,682 | $ | 667,625 | $ | 184,824 | ||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF CHANGES IN NET ASSETS
STATEMENTS OF CHANGES IN NET ASSETS
SPDR STOXX Europe 50 ETF | SPDR EURO STOXX 50 ETF | SPDR S&P Emerging Asia Pacific ETF | SPDR S&P Small Cap Emerging Asia Pacific ETF | SPDR S&P Russia ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | For the Period | Six Months Ended | |||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | 1/11/12*- | 3/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 684,816 | $ | 1,276,066 | $ | 8,188,918 | $ | 20,634,785 | $ | 889,737 | $ | 8,411,549 | $ | 62 | $ | 82,884 | $ | 178,425 | $ | 1,041,512 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (1,328,146 | ) | (3,110,501 | ) | (15,293,514 | ) | (37,116,330 | ) | (717,901 | ) | (1,859,324 | ) | 7,359 | 165,953 | (400,676 | ) | 1,662,740 | |||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 3,980,055 | 6,624,154 | 53,658,750 | 77,036,707 | 19,111,719 | 53,204,820 | 184,714 | 94,043 | (312,554 | ) | 3,465,798 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 3,336,725 | 4,789,719 | 46,554,154 | 60,555,162 | 19,283,555 | 59,757,045 | 192,135 | 342,880 | (534,805 | ) | 6,170,050 | |||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 34,694 | 44,870 | 1,294,294 | 5,083,733 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (690,569 | ) | (1,310,972 | ) | (10,564,090 | ) | (23,665,812 | ) | (5,038,170 | ) | (11,357,965 | ) | (79,724 | ) | — | (919,860 | ) | (734,365 | ) | |||||||||||||||||||||
Net realized gains | — | — | — | — | — | (6,448,372 | ) | (159,902 | ) | — | — | — | ||||||||||||||||||||||||||||
Total distributions to shareholders | (690,569 | ) | (1,310,972 | ) | (10,564,090 | ) | (23,665,812 | ) | (5,038,170 | ) | (17,806,337 | ) | (239,626 | ) | — | (919,860 | ) | (734,365 | ) | |||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 15,133,450 | 9,207,749 | 813,788,509 | 872,677,121 | 107,374,348 | 58,923,157 | — | 6,000,000 | 4,154,285 | 58,954,430 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | (4,561,754 | ) | (22,656,316 | ) | (32,103,362 | ) | (7,356,475 | ) | (225,859,690 | ) | — | (4,145,479 | ) | (7,073,670 | ) | (68,038,560 | ) | ||||||||||||||||||||||
Net income equalization (Note 2) | (34,694 | ) | (44,870 | ) | (1,294,294 | ) | (5,083,733 | ) | — | — | — | — | — | — | ||||||||||||||||||||||||||
Other capital (Note 4) | — | — | — | — | — | — | — | 23,805 | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 15,098,756 | 4,601,125 | 789,837,899 | 835,490,026 | 100,017,873 | (166,936,533 | ) | — | 1,878,326 | (2,919,385 | ) | (9,084,130 | ) | |||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 17,779,606 | 8,124,742 | 827,122,257 | 877,463,109 | 114,263,258 | (124,985,825 | ) | (47,491 | ) | 2,221,206 | (4,374,050 | ) | (3,648,445 | ) | ||||||||||||||||||||||||||
Net assets at beginning of period | 37,808,650 | 29,683,908 | 993,819,578 | 116,356,469 | 389,769,307 | 514,755,132 | 2,221,206 | — | 39,962,672 | 43,611,117 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 55,588,256 | $ | 37,808,650 | $ | 1,820,941,835 | $ | 993,819,578 | $ | 504,032,565 | $ | 389,769,307 | $ | 2,173,715 | $ | 2,221,206 | $ | 35,588,622 | $ | 39,962,672 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 450,000 | 300,000 | 23,800,000 | 29,150,000 | 1,400,000 | 800,000 | — | 150,000 | 150,000 | 2,100,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | (150,000 | ) | (700,000 | ) | (1,100,000 | ) | (100,000 | ) | (3,200,000 | ) | — | (100,000 | ) | (250,000 | ) | (2,400,000 | ) | ||||||||||||||||||||||
Net increase (decrease) | 450,000 | 150,000 | 23,100,000 | 28,050,000 | 1,300,000 | (2,400,000 | ) | — | 50,000 | (100,000 | ) | (300,000 | ) | |||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 32,585 | $ | 38,338 | $ | (5,520,316 | ) | $ | (3,145,144 | ) | $ | 319,960 | $ | 4,468,393 | $ | (8,499 | ) | $ | 71,163 | $ | 177,280 | $ | 918,715 | |||||||||||||||||
* | Commencement of operations. |
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR S&P China ETF | SPDR S&P Emerging Markets ETF | SPDR S&P Emerging Markets Dividend ETF | SPDR S&P BRIC 40 ETF | SPDR S&P Emerging Europe ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | (1,528,430 | ) | $ | 19,588,798 | $ | 706,980 | $ | 4,196,926 | $ | 4,043,896 | $ | 16,289,464 | $ | 781,843 | $ | 7,976,747 | $ | 130,296 | $ | 2,231,660 | |||||||||||||||||||
Net realized gain (loss) on investments, foreign currency transactions and futures | 2,829,180 | 19,506,762 | (724,075 | ) | 1,684,962 | 8,386,744 | (27,157,859 | ) | 695,215 | 7,153,933 | 259,329 | (12,095,291 | ) | |||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments, foreign currency transactions and futures | 48,338,192 | 34,914,868 | 4,526,716 | 14,725,547 | (4,827,891 | ) | (3,347,306 | ) | 6,242,778 | 30,415,588 | 1,203,581 | 21,663,844 | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 49,638,942 | 74,010,428 | 4,509,621 | 20,607,435 | 7,602,749 | (14,215,701 | ) | 7,719,836 | 45,546,268 | 1,593,206 | 11,800,213 | |||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | — | — | — | 17,038 | 39,699 | — | — | — | — | ||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (4,647,632 | ) | (17,799,814 | ) | (1,864,586 | ) | (3,935,967 | ) | (3,034,216 | ) | (16,170,078 | ) | (2,924,963 | ) | (8,184,641 | ) | (1,701,709 | ) | (2,483,872 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | (1,641,948 | ) | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (4,647,632 | ) | (17,799,814 | ) | (1,864,586 | ) | (5,577,915 | ) | (3,034,216 | ) | (16,170,078 | ) | (2,924,963 | ) | (8,184,641 | ) | (1,701,709 | ) | (2,483,872 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 343,169,737 | 361,916,129 | 67,654,859 | 69,497,172 | 200,398,643 | 301,310,984 | 16,819,568 | 59,300,750 | 13,264,930 | 12,293,731 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (49,365,600 | ) | (276,074,102 | ) | (13,358,311 | ) | (73,110,940 | ) | — | (24,272,187 | ) | (34,046,376 | ) | (174,820,377 | ) | (8,555,001 | ) | (53,887,987 | ) | |||||||||||||||||||||
Net income equalization (Note 2) | — | — | — | — | (17,038 | ) | (39,699 | ) | — | — | — | — | ||||||||||||||||||||||||||||
Other capital (Note 4) | 2,491 | — | — | 6,299 | — | — | — | 29,705 | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 293,806,628 | 85,842,027 | 54,296,548 | (3,607,469 | ) | 200,381,605 | 276,999,098 | (17,226,808 | ) | (115,489,922 | ) | 4,709,929 | (41,594,256 | ) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 338,797,938 | 142,052,641 | 56,941,583 | 11,422,051 | 204,967,176 | 246,653,018 | (12,431,935 | ) | (78,128,295 | ) | 4,601,426 | (32,277,915 | ) | |||||||||||||||||||||||||||
Net assets at beginning of period | 759,185,960 | 617,133,319 | 166,022,501 | 154,600,450 | 301,515,460 | 54,862,442 | 296,324,223 | 374,452,518 | 86,639,053 | 118,916,968 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 1,097,983,898 | $ | 759,185,960 | $ | 222,964,084 | $ | 166,022,501 | $ | 506,482,636 | $ | 301,515,460 | $ | 283,892,288 | $ | 296,324,223 | $ | 91,240,479 | $ | 86,639,053 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 4,800,000 | 5,300,000 | 1,000,000 | 1,100,000 | 4,350,000 | 6,200,000 | 700,000 | 2,400,000 | 300,000 | 300,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (700,000 | ) | (4,400,000 | ) | (200,000 | ) | (1,200,000 | ) | — | (550,000 | ) | (1,400,000 | ) | (7,400,000 | ) | (200,000 | ) | (1,400,000 | ) | |||||||||||||||||||||
Net increase (decrease) | 4,100,000 | 900,000 | 800,000 | (100,000 | ) | 4,350,000 | 5,650,000 | (700,000 | ) | (5,000,000 | ) | 100,000 | (1,100,000 | ) | ||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (1,546,658 | ) | $ | 4,629,404 | $ | 357,566 | $ | 1,515,172 | $ | 433,457 | $ | (576,223 | ) | $ | 332,000 | $ | 2,475,120 | $ | 84,372 | $ | 1,655,785 | ||||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR S&P World | ||||||||||||||||||||||||||||||||||||||||
SPDR S&P Emerging Latin America ETF | SPDR S&P Emerging Middle East & Africa ETF | ex-US ETF | SPDR S&P International Small Cap ETF | SPDR Dow Jones International Real Estate ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 1,208,152 | $ | 3,095,788 | $ | 927,699 | $ | 3,068,730 | $ | 4,968,778 | $ | 7,144,437 | $ | 5,709,715 | $ | 14,964,093 | $ | 41,776,200 | $ | 99,435,732 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 32,959 | (3,235,928 | ) | 756,812 | (750,461 | ) | (83,512 | ) | 1,664,601 | 2,062,035 | (8,674,720 | ) | (25,847,543 | ) | (11,848,969 | ) | ||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 3,650,391 | 14,647,906 | (4,542,958 | ) | 14,693,957 | 40,475,626 | 21,232,877 | 79,140,173 | 57,988,318 | 432,654,262 | 471,918,778 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 4,891,502 | 14,507,766 | (2,858,447 | ) | 17,012,226 | 45,360,892 | 30,041,915 | 86,911,923 | 64,277,691 | 448,582,919 | 559,505,541 | |||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | — | — | — | — | — | — | — | (226,600 | ) | 74,316,078 | |||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (954,227 | ) | (3,522,698 | ) | (1,513,337 | ) | (4,218,267 | ) | (4,844,959 | ) | (5,552,612 | ) | (12,119,584 | ) | (19,547,099 | ) | (151,005,157 | ) | (111,418,761 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | (5,368,799 | ) | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (954,227 | ) | (3,522,698 | ) | (1,513,337 | ) | (4,218,267 | ) | (4,844,959 | ) | (5,552,612 | ) | (12,119,584 | ) | (24,915,898 | ) | (151,005,157 | ) | (111,418,761 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 15,218,912 | 15,730,530 | — | — | 127,754,479 | 276,158,565 | 58,375,410 | 21,977,675 | 436,999,422 | 949,877,415 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (21,731,551 | ) | (34,492,351 | ) | (13,818,099 | ) | (26,217,547 | ) | — | (9,044,674 | ) | (65,574,823 | ) | (112,179,707 | ) | — | (257,380,643 | ) | ||||||||||||||||||||||
Net income equalization (Note 2) | — | — | — | — | — | — | — | — | 226,600 | (74,316,078 | ) | |||||||||||||||||||||||||||||
Other capital (Note 4) | — | — | — | — | — | — | — | 13,909 | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (6,512,639 | ) | (18,761,821 | ) | (13,818,099 | ) | (26,217,547 | ) | 127,754,479 | 267,113,891 | (7,199,413 | ) | (90,188,123 | ) | 437,226,022 | 618,180,694 | ||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (2,575,364 | ) | (7,776,753 | ) | (18,189,883 | ) | (13,423,588 | ) | 168,270,412 | 291,603,194 | 67,592,926 | (50,826,330 | ) | 734,577,184 | 1,140,583,552 | |||||||||||||||||||||||||
Net assets at beginning of period | 114,054,779 | 121,831,532 | 91,986,068 | 105,409,656 | 411,282,310 | 119,679,116 | 679,080,259 | 729,906,589 | 3,136,657,952 | 1,996,074,400 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 111,479,415 | $ | 114,054,779 | $ | 73,796,185 | $ | 91,986,068 | $ | 579,552,722 | $ | 411,282,310 | $ | 746,673,185 | $ | 679,080,259 | $ | 3,871,235,136 | $ | 3,136,657,952 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 200,000 | 200,000 | — | — | 5,000,000 | 12,000,000 | 2,000,000 | 800,000 | 10,600,000 | 26,300,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (300,000 | ) | (500,000 | ) | (200,000 | ) | (400,000 | ) | — | (400,000 | ) | (2,200,000 | ) | (4,400,000 | ) | — | (7,500,000 | ) | ||||||||||||||||||||||
Net increase (decrease) | (100,000 | ) | (300,000 | ) | (200,000 | ) | (400,000 | ) | 5,000,000 | 11,600,000 | (200,000 | ) | (3,600,000 | ) | 10,600,000 | 18,800,000 | ||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 285,271 | $ | 31,346 | $ | 71,436 | $ | 657,074 | $ | 2,775,233 | $ | 2,651,414 | $ | (1,006,608 | ) | $ | 5,403,261 | $ | (147,826,850 | ) | $ | (38,597,893 | ) | |||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR S&P Global | SPDR MSCI ACWI | |||||||||||||||||||||||||||||||||||||||
Infrastructure ETF | SPDR S&P Global Natural Resources ETF | ex-US ETF | SPDR MSCI ACWI IMI ETF | SPDR MSCI EM 50 ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | For the Period | Six Months Ended | For the Period | ||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | 2/27/12*- | 3/31/13 | 2/27/12*- | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 734,013 | $ | 1,436,312 | $ | 4,920,429 | $ | 6,029,675 | $ | 3,824,468 | $ | 13,019,584 | $ | 52,142 | $ | 87,694 | $ | 8,174 | $ | 86,137 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (3,988,844 | ) | (2,744,617 | ) | (8,242,541 | ) | (5,330,806 | ) | 883,132 | 15,392,332 | 3,050 | (1,581 | ) | (116,841 | ) | (65,964 | ) | |||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 7,432,536 | 4,125,001 | (2,635,447 | ) | 30,128,807 | 27,973,133 | 27,825,561 | 465,011 | (27,464 | ) | 159,917 | (243,349 | ) | |||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 4,177,705 | 2,816,696 | (5,957,559 | ) | 30,827,676 | 32,680,733 | 56,237,477 | 520,203 | 58,649 | 51,250 | (223,176 | ) | ||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (761,709 | ) | (1,483,636 | ) | (4,537,584 | ) | (4,463,333 | ) | (5,081,020 | ) | (13,349,211 | ) | (56,447 | ) | (54,416 | ) | (44,543 | ) | (46,280 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (1,624 | ) | — | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (761,709 | ) | (1,483,636 | ) | (4,537,584 | ) | (4,463,333 | ) | (5,081,020 | ) | (13,349,211 | ) | (58,071 | ) | (54,416 | ) | (44,543 | ) | (46,280 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 32,015,087 | — | 186,429,891 | 273,565,078 | 46,092,598 | 168,987,318 | — | 5,000,000 | — | 5,000,000 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | — | (32,694,024 | ) | (48,153,926 | ) | (31,643,533 | ) | (191,370,840 | ) | — | — | (2,381,988 | ) | — | |||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 32,015,087 | — | 153,735,867 | 225,411,152 | 14,449,065 | (22,383,522 | ) | — | 5,000,000 | (2,381,988 | ) | 5,000,000 | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 35,431,083 | 1,333,060 | 143,240,724 | 251,775,495 | 42,048,778 | 20,504,744 | 462,132 | 5,004,233 | (2,375,281 | ) | 4,730,544 | |||||||||||||||||||||||||||||
Net assets at beginning of period | 36,377,564 | 35,044,504 | 414,851,772 | 163,076,277 | 384,217,776 | 363,713,032 | 5,004,233 | — | 4,730,544 | — | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 71,808,647 | $ | 36,377,564 | $ | 558,092,496 | $ | 414,851,772 | $ | 426,266,554 | $ | 384,217,776 | $ | 5,466,365 | $ | 5,004,233 | $ | 2,355,263 | $ | 4,730,544 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 800,000 | — | 3,600,000 | 5,550,000 | 1,400,000 | 5,800,000 | — | 100,000 | — | 100,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | — | (650,000 | ) | (950,000 | ) | (1,000,000 | ) | (6,400,000 | ) | — | — | (50,000 | ) | — | |||||||||||||||||||||||||
Net increase (decrease) | 800,000 | — | 2,950,000 | 4,600,000 | 400,000 | (600,000 | ) | — | 100,000 | (50,000 | ) | 100,000 | ||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 388,842 | $ | 416,538 | $ | 2,699,869 | $ | 2,317,024 | $ | 2,052,128 | $ | 3,308,680 | $ | 25,778 | $ | 30,083 | $ | 750 | $ | 37,119 | ||||||||||||||||||||
* | Commencement of operations. |
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR Russell/Nomura PRIME Japan ETF | SPDR Russell/Nomura Small Cap Japan ETF | SPDR S&P International Dividend ETF | SPDR S&P International Mid Cap ETF | SPDR S&P Emerging Markets Small Cap ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 119,327 | $ | 264,696 | $ | 584,770 | $ | 1,300,148 | $ | 19,357,861 | $ | 53,610,239 | $ | 265,977 | $ | 928,562 | $ | 1,941,247 | $ | 19,379,521 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 1,559,104 | (115,044 | ) | (1,310,262 | ) | 890,683 | 35,213,828 | (100,833,861 | ) | 690,039 | 612,297 | (7,094,326 | ) | (36,877,413 | ) | |||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 1,033,594 | (503,952 | ) | 10,357,900 | (5,946,569 | ) | 39,122,063 | 81,699,724 | 2,864,205 | 2,924,725 | 83,061,103 | 129,008,372 | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 2,712,025 | (354,300 | ) | 9,632,408 | (3,755,738 | ) | 93,693,752 | 34,476,102 | 3,820,221 | 4,465,584 | 77,908,024 | 111,510,480 | ||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | — | — | — | 891,281 | 2,358,349 | — | — | — | — | ||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (165,921 | ) | (265,569 | ) | (654,571 | ) | (1,634,370 | ) | (20,829,941 | ) | (53,305,546 | ) | (649,330 | ) | (1,150,146 | ) | (13,089,516 | ) | (18,552,573 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (80,604 | ) | (1,065,071 | ) | — | (27,372,420 | ) | |||||||||||||||||||||||||||
Total distributions to shareholders | (165,921 | ) | (265,569 | ) | (654,571 | ) | (1,634,370 | ) | (20,829,941 | ) | (53,305,546 | ) | (729,934 | ) | (2,215,217 | ) | (13,089,516 | ) | (45,924,993 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 7,800,288 | — | 2,352,949 | 2,159,743 | 247,522,137 | 541,417,351 | 1,512,960 | — | — | 55,331,166 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (8,181,549 | ) | — | (4,030,132 | ) | (30,742,858 | ) | — | (4,331,841 | ) | (4,161,271 | ) | (2,717,670 | ) | (59,122,434 | ) | (132,998,763 | ) | ||||||||||||||||||||||
Net income equalization (Note 2) | — | — | — | — | (891,281 | ) | (2,358,349 | ) | — | — | — | — | ||||||||||||||||||||||||||||
Other capital (Note 4) | — | — | — | — | — | — | — | — | 212,988 | 715,897 | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (381,261 | ) | — | (1,677,183 | ) | (28,583,115 | ) | 246,630,856 | 534,727,161 | (2,648,311 | ) | (2,717,670 | ) | (58,909,446 | ) | (76,951,700 | ) | |||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 2,164,843 | (619,869 | ) | 7,300,654 | (33,973,223 | ) | 320,385,948 | 518,256,066 | 441,976 | (467,303 | ) | 5,909,062 | (11,366,213 | ) | ||||||||||||||||||||||||||
Net assets at beginning of period | 14,226,611 | 14,846,480 | 64,563,279 | 98,536,502 | 1,000,521,852 | 482,265,786 | 35,993,296 | 36,460,599 | 897,446,004 | 908,812,217 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 16,391,454 | $ | 14,226,611 | $ | 71,863,933 | $ | 64,563,279 | $ | 1,320,907,800 | $ | 1,000,521,852 | $ | 36,435,272 | $ | 35,993,296 | $ | 903,355,066 | $ | 897,446,004 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 200,000 | — | 50,000 | 50,000 | 5,200,000 | 11,500,000 | 50,000 | — | — | 1,200,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (200,000 | ) | — | (100,000 | ) | (750,000 | ) | — | (100,000 | ) | (150,000 | ) | (100,000 | ) | (1,300,000 | ) | (3,400,000 | ) | ||||||||||||||||||||||
Net increase (decrease) | — | — | (50,000 | ) | (700,000 | ) | 5,200,000 | 11,400,000 | (100,000 | ) | (100,000 | ) | (1,300,000 | ) | (2,200,000 | ) | ||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 92,376 | $ | 138,970 | $ | 506,083 | $ | 575,884 | $ | (723,090 | ) | $ | 748,990 | $ | (60,499 | ) | $ | 322,854 | $ | 532,558 | $ | 11,680,827 | ||||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR Dow Jones Global Real Estate ETF | SPDR S&P International Consumer Discretionary Sector ETF | SPDR S&P International Consumer Staples Sector ETF | SPDR S&P International Energy Sector ETF | SPDR S&P International Financial Sector ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 10,142,123 | $ | 11,745,792 | $ | 38,256 | $ | 146,056 | $ | 190,864 | $ | 490,756 | $ | 145,874 | $ | 367,844 | $ | 80,419 | $ | 207,954 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 208,024 | (433,986 | ) | (30,519 | ) | (32,465 | ) | 55,412 | 1,199,806 | (8,238 | ) | 35,854 | (24,531 | ) | (638,879 | ) | ||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 68,365,528 | 80,312,706 | 1,083,299 | 667,820 | 2,633,933 | 1,710,625 | (412,874 | ) | 1,423,519 | 563,740 | 939,293 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 78,715,675 | 91,624,512 | 1,091,036 | 781,411 | 2,880,209 | 3,401,187 | (275,238 | ) | 1,827,217 | 619,628 | 508,368 | |||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 1,654,356 | 6,111,292 | (26,025 | ) | (36,212 | ) | 28,146 | (2,845 | ) | — | (7,243 | ) | (45,842 | ) | (23,755 | ) | ||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (15,106,194 | ) | (13,646,214 | ) | (81,752 | ) | (120,565 | ) | (200,168 | ) | (478,660 | ) | (161,838 | ) | (366,239 | ) | (143,819 | ) | (155,043 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | (78,055 | ) | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (15,106,194 | ) | (13,646,214 | ) | (81,752 | ) | (198,620 | ) | (200,168 | ) | (478,660 | ) | (161,838 | ) | (366,239 | ) | (143,819 | ) | (155,043 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 311,967,767 | 195,499,178 | 3,165,531 | 2,850,617 | 15,107,484 | 7,759,841 | — | 1,346,823 | 3,890,337 | 2,662,828 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | (3,706,930 | ) | — | (9,175,088 | ) | — | (10,936,077 | ) | — | (3,773,173 | ) | — | (7,217,238 | ) | |||||||||||||||||||||||||
Net income equalization (Note 2) | (1,654,356 | ) | (6,111,292 | ) | 26,025 | 36,212 | (28,146 | ) | 2,845 | — | 7,243 | 45,842 | 23,755 | |||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 310,313,411 | 185,680,956 | 3,191,556 | (6,288,259 | ) | 15,079,338 | (3,173,391 | ) | — | (2,419,107 | ) | 3,936,179 | (4,530,655 | ) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 375,577,248 | 269,770,546 | 4,174,815 | (5,741,680 | ) | 17,787,525 | (253,709 | ) | (437,076 | ) | (965,372 | ) | 4,366,146 | (4,201,085 | ) | |||||||||||||||||||||||||
Net assets at beginning of period | 543,476,184 | 273,705,638 | 5,529,215 | 11,270,895 | 18,985,604 | 19,239,313 | 11,389,368 | 12,354,740 | 3,534,009 | 7,735,094 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 919,053,432 | $ | 543,476,184 | $ | 9,704,030 | $ | 5,529,215 | $ | 36,773,129 | $ | 18,985,604 | $ | 10,952,292 | $ | 11,389,368 | $ | 7,900,155 | $ | 3,534,009 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 7,400,000 | 5,100,000 | 100,000 | 100,000 | 400,000 | 250,000 | — | 50,000 | 200,000 | 150,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | (100,000 | ) | — | (350,000 | ) | — | (350,000 | ) | — | (150,000 | ) | — | (450,000 | ) | |||||||||||||||||||||||||
Net increase (decrease) | 7,400,000 | 5,000,000 | 100,000 | (250,000 | ) | 400,000 | (100,000 | ) | — | (100,000 | ) | 200,000 | (300,000 | ) | ||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (11,987,290 | ) | $ | (7,023,219 | ) | $ | 31,001 | $ | 74,497 | $ | (7,988 | ) | $ | 1,316 | $ | 13,012 | $ | 28,976 | $ | 23,195 | $ | 86,595 | |||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
SPDR S&P International Health Care Sector ETF | SPDR S&P International Industrial Sector ETF | SPDR S&P International Materials Sector ETF | SPDR S&P International Technology Sector ETF | SPDR S&P International Telecommunications Sector ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | 3/31/13 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | |||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 403,456 | $ | 473,106 | $ | 73,032 | $ | 281,599 | $ | 52,204 | $ | 235,788 | $ | 52,451 | $ | 163,085 | $ | 232,010 | $ | 1,145,937 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (5,143 | ) | 1,484,728 | (418,031 | ) | (2,325,873 | ) | (646,569 | ) | (1,013,664 | ) | (11,380 | ) | (14,651 | ) | (342,999 | ) | (73,593 | ) | |||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 3,682,318 | 1,444,628 | 1,326,184 | 2,648,001 | 652,109 | 1,997,268 | 1,601,611 | 1,454,455 | 778,614 | 125,892 | ||||||||||||||||||||||||||||||
Net increase in net assets resulting from operations | 4,080,631 | 3,402,462 | 981,185 | 603,727 | 57,744 | 1,219,392 | 1,642,682 | 1,602,889 | 667,625 | 1,198,236 | ||||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 3,209 | (4,482 | ) | (69,003 | ) | (50,201 | ) | (2,855 | ) | 7,321 | (8,798 | ) | (16,355 | ) | (1,135 | ) | (7,414 | ) | ||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (368,650 | ) | (462,681 | ) | (154,133 | ) | (261,597 | ) | (134,559 | ) | (253,185 | ) | (61,498 | ) | (165,338 | ) | (223,716 | ) | (1,106,996 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | (75,801 | ) | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (368,650 | ) | (462,681 | ) | (154,133 | ) | (261,597 | ) | (134,559 | ) | (253,185 | ) | (61,498 | ) | (241,139 | ) | (223,716 | ) | (1,106,996 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 1,790,834 | 23,394,533 | 4,055,522 | 14,628,938 | — | 1,070,625 | 4,036,324 | — | 5,629,249 | 13,700,325 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | (17,417,767 | ) | (2,489,084 | ) | (26,547,201 | ) | (2,516,666 | ) | (9,597,009 | ) | — | (9,183,492 | ) | — | (1,151,079 | ) | |||||||||||||||||||||||
Net income equalization (Note 2) | (3,209 | ) | 4,482 | 69,003 | 50,201 | 2,855 | �� | (7,321 | ) | 8,798 | 16,355 | 1,135 | 7,414 | |||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 1,787,625 | 5,981,248 | 1,635,441 | (11,868,062 | ) | (2,513,811 | ) | (8,533,705 | ) | 4,045,122 | (9,167,137 | ) | 5,630,384 | 12,556,660 | ||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 5,502,815 | 8,916,547 | 2,393,490 | (11,576,133 | ) | (2,593,481 | ) | (7,560,177 | ) | 5,617,508 | (7,821,742 | ) | 6,073,158 | 12,640,486 | ||||||||||||||||||||||||||
Net assets at beginning of period | 28,123,139 | 19,206,592 | 8,634,892 | 20,211,025 | 11,842,424 | 19,402,601 | 10,880,665 | 18,702,407 | 25,098,134 | 12,457,648 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 33,625,954 | $ | 28,123,139 | $ | 11,028,382 | $ | 8,634,892 | $ | 9,248,943 | $ | 11,842,424 | $ | 16,498,173 | $ | 10,880,665 | $ | 31,171,292 | $ | 25,098,134 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 50,000 | 700,000 | 150,000 | 600,000 | — | 50,000 | 150,000 | — | 250,000 | 600,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | (550,000 | ) | (100,000 | ) | (1,150,000 | ) | (100,000 | ) | (400,000 | ) | — | (400,000 | ) | — | (50,000 | ) | |||||||||||||||||||||||
Net increase (decrease) | 50,000 | 150,000 | 50,000 | (550,000 | ) | (100,000 | ) | (350,000 | ) | 150,000 | (400,000 | ) | 250,000 | 550,000 | ||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 133,700 | $ | 98,894 | $ | 38,510 | $ | 119,611 | $ | 13,952 | $ | 96,307 | $ | 34,622 | $ | 43,669 | $ | 43,628 | $ | 35,334 | ||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
STATEMENTS OF CHANGES IN NET ASSETS (continued)
STATEMENTS OF CHANGES IN NET ASSETS (continued)
�� | ||||||||||||||||||||||||||||||||||||||||
SPDR S&P International Utilities Sector ETF | ||||||||||||||||||||||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | |||||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | |||||||||||||||||||||||||||||||||||||||
INCREASE IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 220,045 | $ | 683,322 | ||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (6,265 | ) | (498,357 | ) | ||||||||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | (28,956 | ) | (358,492 | ) | ||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 184,824 | (173,527 | ) | |||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 10,516 | 109,870 | ||||||||||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (326,253 | ) | (691,902 | ) | ||||||||||||||||||||||||||||||||||||
Total distributions to shareholders | (326,253 | ) | (691,902 | ) | ||||||||||||||||||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 1,620,332 | 16,707,621 | ||||||||||||||||||||||||||||||||||||||
Net income equalization (Note 2) | (10,516 | ) | (109,870 | ) | ||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 1,609,816 | 16,597,751 | ||||||||||||||||||||||||||||||||||||||
Net increase in net assets during the period | 1,478,903 | 15,842,192 | ||||||||||||||||||||||||||||||||||||||
Net assets at beginning of period | 25,403,116 | 9,560,924 | ||||||||||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 26,882,019 | $ | 25,403,116 | ||||||||||||||||||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 100,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||
Shares redeemed | — | — | ||||||||||||||||||||||||||||||||||||||
Net increase (decrease) | 100,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (107,208 | ) | $ | (1,000 | ) | ||||||||||||||||||||||||||||||||||
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS
Selected data for a share outstanding throughout each period
SPDR STOXX Europe 50 ETF | SPDR EURO STOXX 50 ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 31.50 | $ | 28.26 | $ | 33.39 | $ | 35.31 | $ | 36.33 | $ | 53.69 | $ | 30.96 | $ | 28.72 | $ | 36.90 | $ | 41.34 | $ | 41.88 | $ | 62.12 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.49 | (1) | 1.25 | (1) | 1.23 | (1) | 1.02 | (1) | 1.11 | (1) | 1.88 | 0.20 | (1) | 1.42 | (1) | 1.63 | (1) | 1.13 | (1) | 1.21 | (1) | 2.17 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 2.12 | 3.21 | (4.73 | ) | (1.95 | ) | (1.05 | ) | (17.09 | ) | 2.05 | 1.77 | (8.23 | ) | (4.47 | ) | (0.65 | ) | (19.32 | ) | ||||||||||||||||||||||||||||
Total from investment operations | 2.61 | 4.46 | (3.50 | ) | (0.93 | ) | 0.06 | (15.21 | ) | 2.25 | 3.19 | (6.60 | ) | (3.34 | ) | 0.56 | (17.15 | ) | ||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.02 | 0.04 | (0.03 | ) | 0.06 | (0.01 | ) | (0.12 | ) | 0.03 | 0.35 | (0.00 | )(3) | 0.10 | 0.15 | (0.24 | ) | |||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.45 | ) | (1.26 | ) | (1.60 | ) | (1.05 | ) | (1.07 | ) | (1.69 | ) | (0.25 | ) | (1.30 | ) | (1.58 | ) | (1.20 | ) | (1.25 | ) | (1.95 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | (0.34 | ) | — | — | — | — | — | (0.90 | ) | ||||||||||||||||||||||||||||||||||
Total distributions | (0.45 | ) | (1.26 | ) | (1.60 | ) | (1.05 | ) | (1.07 | ) | (2.03 | ) | (0.25 | ) | (1.30 | ) | (1.58 | ) | (1.20 | ) | (1.25 | ) | (2.85 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 33.68 | $ | 31.50 | $ | 28.26 | $ | 33.39 | $ | 35.31 | $ | 36.33 | $ | 32.99 | $ | 30.96 | $ | 28.72 | $ | 36.90 | $ | 41.34 | $ | 41.88 | ||||||||||||||||||||||||
Total return (4) | 8.37 | % | 16.25 | % | (11.37 | )% | (2.52 | )% | 0.69 | % | (29.27 | )% | 7.34 | % | 12.90 | % | (18.88 | )% | (7.48 | )% | 2.35 | % | (29.00 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 55,588 | $ | 37,809 | $ | 29,684 | $ | 38,407 | $ | 56,514 | $ | 76,311 | $ | 1,820,942 | $ | 993,820 | $ | 116,356 | $ | 162,400 | $ | 181,922 | $ | 224,080 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.29 | %(5) | 0.29 | % | 0.30 | % | 0.31 | % | 0.29 | % | 0.29 | % | 0.29 | %(5) | 0.29 | % | 0.30 | % | 0.31 | % | 0.29 | % | 0.29 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.94 | %(5) | 4.12 | % | 3.55 | % | 3.05 | % | 3.93 | % | 3.35 | % | 1.18 | %(5) | 4.78 | % | 4.29 | % | 3.03 | % | 3.67 | % | 3.53 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 4 | % | 6 | % | 7 | % | 9 | % | 11 | % | 14 | % | 3 | % | 9 | % | 7 | % | 8 | % | 12 | % | 14 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | 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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271
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Emerging Asia Pacific ETF | SPDR S&P Small Cap Emerging Asia Pacific ETF | SPDR S&P Russia ETF | ||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/13 | 1/11/12*- | 3/31/13 | Year Ended | Year Ended | 3/10/10*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 73.54 | $ | 66.85 | $ | 82.86 | $ | 69.33 | $ | 54.59 | $ | 87.74 | $ | 44.42 | $ | 40.00 | $ | 28.54 | $ | 25.65 | $ | 30.01 | $ | 30.00 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.15 | (1) | 1.32 | (1) | 1.52 | (1) | 1.28 | (1) | 1.21 | (1) | 0.90 | — | (1) (2) | 0.70 | (1) | 0.14 | (1) | 0.57 | (1) | 0.57 | (1) | 0.20 | (1) | |||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | 3.55 | 8.00 | (13.63 | ) | 13.06 | 13.92 | (35.04 | ) | 3.84 | 3.52 | (0.62 | ) | 2.80 | (4.53 | ) | (0.01 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 3.70 | 9.32 | (12.11 | ) | 14.34 | 15.13 | (34.14 | ) | 3.84 | 4.22 | (0.48 | ) | 3.37 | (3.96 | ) | 0.19 | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | 0.43 | 2.13 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other Capital | — | — | — | — | — | — | — | 0.20 | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.87 | ) | (1.71 | ) | (1.29 | ) | (0.81 | ) | (0.82 | ) | (1.03 | ) | (1.59 | ) | — | (0.68 | ) | (0.48 | ) | (0.29 | ) | (0.18 | ) | |||||||||||||||||||||||||
Net realized gains | — | (0.92 | ) | (2.61 | ) | — | — | (0.11 | ) | (3.20 | ) | — | — | — | (0.11 | ) | — | |||||||||||||||||||||||||||||||
Total distributions | (0.87 | ) | (2.63 | ) | (3.90 | ) | (0.81 | ) | (0.82 | ) | (1.14 | ) | (4.79 | ) | — | (0.68 | ) | (0.48 | ) | (0.40 | ) | (0.18 | ) | |||||||||||||||||||||||||
Net asset value, end of period | $ | 76.37 | $ | 73.54 | $ | 66.85 | $ | 82.86 | $ | 69.33 | $ | 54.59 | $ | 43.47 | $ | 44.42 | $ | 27.38 | $ | 28.54 | $ | 25.65 | $ | 30.01 | ||||||||||||||||||||||||
Total return (4) | 4.75 | % | 14.40 | % | (15.55 | )% | 20.85 | % | 29.15 | % | (36.95 | )% | 8.54 | % | 11.08 | % | (2.18 | )% | 13.40 | % | (13.58 | )% | 0.72 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 504,033 | $ | 389,769 | $ | 514,755 | $ | 712,608 | $ | 436,766 | $ | 163,780 | $ | 2,174 | $ | 2,221 | $ | 35,589 | $ | 39,963 | $ | 43,611 | $ | 6,003 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.60 | %(5) | 0.60 | % | 0.60 | % | 0.60 | % | 0.59 | % | 0.59 | % | 0.65 | %(5) | 0.71 | %(5) | 0.61 | %(5) | 0.59 | % | 0.59 | % | 0.59 | %(5) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.40 | %(5) | 1.87 | % | 1.83 | % | 1.74 | % | 2.25 | % | 2.28 | % | 0.01 | %(5) | 2.27 | %(5) | 0.97 | %(5) | 2.05 | % | 1.56 | % | 1.25 | %(5) | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 3 | % | 7 | % | 20 | % | 10 | % | 4 | % | 7 | % | — | %(7) | 65 | % | — | % | 11 | % | 15 | % | 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) | 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) | Annualized. | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(7) | Amount shown represents less than 0.5%. |
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273
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P China ETF | SPDR S&P Emerging Markets ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 65.45 | $ | 57.68 | $ | 76.14 | $ | 66.50 | $ | 51.29 | $ | 94.34 | $ | 63.85 | $ | 57.26 | $ | 69.89 | $ | 59.00 | $ | 51.86 | $ | 75.21 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | (0.11 | )(1) | 1.68 | (1) | 1.31 | (1) | 1.03 | (1) | 1.21 | (1) | 0.75 | 0.24 | (1) | 1.48 | (1) | 1.36 | (1) | 1.09 | (1) | 0.97 | (1) | 1.32 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 4.93 | 7.56 | (18.48 | ) | 9.44 | 14.81 | (43.64 | ) | 2.27 | 7.20 | (12.20 | ) | 10.73 | 7.00 | (23.44 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 4.82 | 9.24 | (17.17 | ) | 10.47 | 16.02 | (42.89 | ) | 2.51 | 8.68 | (10.84 | ) | 11.82 | 7.97 | (22.12 | ) | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | 0.53 | 0.47 | — | — | — | — | 0.60 | 0.16 | ||||||||||||||||||||||||||||||||||||
Other Capital | — | (3) | — | — | — | — | — | — | — | (4) | — | — | — | — | ||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.33 | ) | (1.47 | ) | (1.29 | ) | (0.83 | ) | (1.34 | ) | (0.63 | ) | (0.78 | ) | (1.41 | ) | (1.15 | ) | (0.93 | ) | (1.43 | ) | (0.65 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | (0.68 | ) | (0.64 | ) | — | — | (0.74 | ) | |||||||||||||||||||||||||||||||||
Total distributions | (0.33 | ) | (1.47 | ) | (1.29 | ) | (0.83 | ) | (1.34 | ) | (0.63 | ) | (0.78 | ) | (2.09 | ) | (1.79 | ) | (0.93 | ) | (1.43 | ) | (1.39 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 69.94 | $ | 65.45 | $ | 57.68 | $ | 76.14 | $ | 66.50 | $ | 51.29 | $ | 65.58 | $ | 63.85 | $ | 57.26 | $ | 69.89 | $ | 59.00 | $ | 51.86 | ||||||||||||||||||||||||
Total return (5) | 7.32 | % | 16.17 | % | (22.95 | )% | 15.87 | % | 33.06 | % | (45.26 | )% | 3.71 | % | 15.58 | % | (16.06 | )% | 20.25 | % | 18.05 | % | (29.77 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 1,097,984 | $ | 759,186 | $ | 617,133 | $ | 677,680 | $ | 445,539 | $ | 123,108 | $ | 222,964 | $ | 166,023 | $ | 154,600 | $ | 216,661 | $ | 94,395 | $ | 36,299 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.59 | %(6) | 0.59 | % | 0.60 | % | 0.61 | % | 0.59 | % | 0.59 | % | 0.59 | %(6) | 0.59 | % | 0.60 | % | 0.60 | % | 0.59 | % | 0.59 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | (0.30 | )%(6) | 2.56 | % | 1.71 | % | 1.46 | % | 2.22 | % | 1.33 | % | 0.75 | %(6) | 2.39 | % | 1.90 | % | 1.73 | % | 2.18 | % | 1.97 | % | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 2 | % | 10 | % | 9 | % | 25 | % | 0 | %(8) | 4 | % | 5 | % | 11 | % | 4 | % | 15 | % | 1 | % | 11 | % |
(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) | State Street reimbursed the Fund $6,299 due to a record keeping error. The impact of the reimbursement is less than $0.005. | |
(5) | 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. | |
(6) | Annualized. | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(8) | Amount shown represents less than 0.5%. |
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275
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Emerging Markets Dividend ETF | SPDR S&P BRIC 40 ETF | |||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | ||||||||||||||||||||||||||||||||||
Ended | Period | Ended | ||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | 2/23/11*- | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | ||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 43.70 | $ | 43.89 | $ | 50.00 | $ | 22.97 | $ | 20.92 | $ | 25.84 | $ | 23.03 | $ | 20.29 | $ | 30.18 | ||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.48 | (1) | 3.18 | (1) | 2.32 | (1) | 0.06 | (1) | 0.54 | (1) | 0.60 | (1) | 0.43 | (1) | 0.42 | (1) | 0.39 | |||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.21 | (0.78 | ) | (6.96 | ) | 0.46 | 2.09 | (5.00 | ) | 2.75 | 2.97 | (10.19 | ) | |||||||||||||||||||||||
Total from investment operations | 1.69 | 2.40 | (4.64 | ) | 0.52 | 2.63 | (4.40 | ) | 3.18 | 3.39 | (9.80 | ) | ||||||||||||||||||||||||
Net equalization credits and charges (1) | — | (3) | 0.01 | 0.43 | — | — | — | — | 0.01 | 0.04 | ||||||||||||||||||||||||||
Other Capital | — | — | — | — | — | (4) | — | — | — | — | ||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||
Net investment income | (0.37 | ) | (2.60 | ) | (1.28 | ) | (0.22 | ) | (0.58 | ) | (0.52 | ) | (0.37 | ) | (0.66 | ) | (0.13 | ) | ||||||||||||||||||
Return of capital | — | — | (0.62 | ) | — | — | — | — | — | — | ||||||||||||||||||||||||||
Total distributions | (0.37 | ) | (2.60 | ) | (1.90 | ) | (0.22 | ) | (0.58 | ) | (0.52 | ) | (0.37 | ) | (0.66 | ) | (0.13 | ) | ||||||||||||||||||
Net asset value, end of period | $ | 45.02 | $ | 43.70 | $ | 43.89 | $ | 23.27 | $ | 22.97 | $ | 20.92 | $ | 25.84 | $ | 23.03 | $ | 20.29 | ||||||||||||||||||
Total return (5) | 3.55 | % | 5.54 | % | (8.73 | )% | 2.11 | % | 12.82 | % | (17.49 | )% | 13.98 | % | 18.16 | % | (32.50 | )% | ||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 506,483 | $ | 301,515 | $ | 54,862 | $ | 283,892 | $ | 296,324 | $ | 374,453 | $ | 459,991 | $ | 340,812 | $ | 188,734 | ||||||||||||||||||
Ratio of expenses to average net assets | 0.60 | %(6) | 0.61 | % | 0.62 | %(6) | 0.50 | %(6) | 0.50 | % | 0.51 | % | 0.52 | % | 0.48 | % | 0.40 | % | ||||||||||||||||||
Ratio of expenses to average net assets before waivers | 0.60 | %(6) | 0.61 | % | 0.62 | %(6) | 0.50 | %(6) | 0.50 | % | 0.51 | % | 0.52 | % | 0.50 | % | 0.50 | % | ||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.11 | %(6) | 6.80 | % | 7.46 | %(6) | 0.51 | %(6) | 2.32 | % | 2.23 | % | 1.78 | % | 2.36 | % | 1.43 | % | ||||||||||||||||||
Portfolio turnover rate (7) | 38 | % | 134 | % | 42 | % | 8 | % | 13 | % | 10 | % | 10 | % | 16 | % | 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) | State Street reimbursed the Fund $29,705 due to a record keeping error. The impact of the reimbursement is less than $0.005. | |
(5) | 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. | |
(6) | Annualized. | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
276
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277
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Emerging Europe ETF | SPDR S&P Emerging Latin America ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 41.26 | $ | 37.16 | $ | 45.55 | $ | 39.42 | $ | 42.73 | $ | 64.57 | $ | 71.28 | $ | 64.12 | $ | 84.48 | $ | 69.92 | $ | 61.83 | $ | 78.49 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.06 | (1) | 0.95 | (1) | 1.02 | (1) | 0.46 | (1) | 0.50 | (1) | 0.46 | 0.76 | (1) | 1.76 | (1) | 1.93 | (1)(2) | 1.57 | (1) | 1.13 | (1) | 1.32 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | 0.92 | 4.22 | (8.73 | ) | 6.06 | (2.77 | ) | (22.41 | ) | 2.92 | 7.40 | (20.76 | ) | 14.73 | 8.12 | (17.23 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 0.98 | 5.17 | (7.71 | ) | 6.52 | (2.27 | ) | (21.95 | ) | 3.68 | 9.16 | (18.83 | ) | 16.30 | 9.25 | (15.91 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | (0.29 | ) | 0.51 | — | — | — | — | 0.37 | 0.25 | |||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.77 | ) | (1.07 | ) | (0.68 | ) | (0.39 | ) | (0.75 | ) | (0.37 | ) | (0.64 | ) | (2.00 | ) | (1.53 | ) | (1.74 | ) | (1.53 | ) | (0.95 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | (0.03 | ) | — | — | — | — | — | (0.05 | ) | ||||||||||||||||||||||||||||||||||
Total distributions | (0.77 | ) | (1.07 | ) | (0.68 | ) | (0.39 | ) | (0.75 | ) | (0.40 | ) | (0.64 | ) | (2.00 | ) | (1.53 | ) | (1.74 | ) | (1.53 | ) | (1.00 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 41.47 | $ | 41.26 | $ | 37.16 | $ | 45.55 | $ | 39.42 | $ | 42.73 | $ | 74.32 | $ | 71.28 | $ | 64.12 | $ | 84.48 | $ | 69.92 | $ | 61.83 | ||||||||||||||||||||||||
Total return (4) | 1.90 | % | 14.32 | % | (17.35 | )% | 16.74 | % | (5.18 | )% | (33.45 | )% | 5.13 | % | 14.49 | % | (22.78 | )%(2) | 23.73 | % | 16.99 | % | (20.21 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 91,240 | $ | 86,639 | $ | 118,917 | $ | 232,325 | $ | 137,975 | $ | 81,189 | $ | 111,479 | $ | 114,055 | $ | 121,832 | $ | 211,194 | $ | 132,844 | $ | 74,202 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.59 | %(5) | 0.60 | % | 0.61 | % | 0.61 | % | 0.59 | % | 0.60 | % | 0.60 | %(5) | 0.59 | % | 0.60 | % | 0.61 | % | 0.60 | % | 0.60 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.28 | %(5) | 2.41 | % | 2.04 | % | 1.07 | % | 1.66 | % | 0.96 | % | 2.08 | %(5) | 2.43 | % | 2.27 | %(2) | 2.05 | % | 2.27 | % | 1.94 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 3 | % | 6 | % | 10 | % | 21 | % | 45 | % | 19 | % | 5 | % | 7 | % | 12 | % | 23 | % | 17 | % | 7 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Net investment income per share and the ratio of net investment income to average net assets reflect receipt of special dividends from portfolio holdings. The resulting increase to net investment income amounted to $0.21 per share and 0.24% of average net assets. If the special dividends were not received during the year ended September 30, 2011, the total return would have been (23.11)%. | |
(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) | Annualized. | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Emerging Middle East & Africa ETF | SPDR S&P World ex-US ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 70.76 | $ | 62.01 | $ | 71.33 | $ | 58.74 | $ | 54.48 | $ | 68.63 | $ | 23.91 | $ | 21.37 | $ | 24.19 | $ | 23.58 | $ | 23.31 | $ | 34.05 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.74 | (1) | 2.13 | (1) | 1.87 | (1) | 1.33 | (1) | 1.36 | (1) | 1.79 | (2) | 0.26 | (1) | 0.75 | (1) | 0.75 | (1) | 0.56 | (1) | 0.57 | (1) | 0.61 | |||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | (3.25 | ) | 9.44 | (9.65 | ) | 12.51 | 5.97 | (15.86 | ) | 2.20 | 2.38 | (2.89 | ) | 0.56 | (0.22 | ) | (11.31 | ) | ||||||||||||||||||||||||||||||
Total from investment operations | (2.51 | ) | 11.57 | (7.78 | ) | 13.84 | 7.33 | (14.07 | ) | 2.46 | 3.13 | (2.14 | ) | 1.12 | 0.35 | (10.70 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | (0.51 | ) | 1.04 | — | — | — | — | 0.56 | 0.62 | |||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.16 | ) | (2.82 | ) | (1.54 | ) | (1.25 | ) | (2.56 | ) | (1.02 | ) | (0.26 | ) | (0.59 | ) | (0.68 | ) | (0.51 | ) | (0.64 | ) | (0.57 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | (0.10 | ) | — | — | — | — | — | (0.09 | ) | ||||||||||||||||||||||||||||||||||
Total distributions | (1.16 | ) | (2.82 | ) | (1.54 | ) | (1.25 | ) | (2.56 | ) | (1.12 | ) | (0.26 | ) | (0.59 | ) | (0.68 | ) | (0.51 | ) | (0.64 | ) | (0.66 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 67.09 | $ | 70.76 | $ | 62.01 | $ | 71.33 | $ | 58.74 | $ | 54.48 | $ | 26.11 | $ | 23.91 | $ | 21.37 | $ | 24.19 | $ | 23.58 | $ | 23.31 | ||||||||||||||||||||||||
Total return (4) | (3.69 | )% | 19.26 | % | (11.32 | )% | 23.91 | % | 14.04 | % | (19.37 | )% | 10.35 | % | 14.99 | % | (9.32 | )% | 4.99 | % | 4.68 | % | (30.13 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 73,796 | $ | 91,986 | $ | 105,410 | $ | 142,664 | $ | 129,232 | $ | 152,538 | $ | 579,553 | $ | 411,282 | $ | 119,679 | $ | 106,453 | $ | 84,886 | $ | 27,973 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.59 | %(5) | 0.59 | % | 0.60 | % | 0.60 | % | 0.59 | % | 0.59 | % | 0.34 | %(5) | 0.34 | % | 0.35 | % | 0.35 | % | 0.34 | % | 0.35 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.14 | %(5) | 3.17 | % | 2.55 | % | 2.12 | % | 2.98 | % | 3.88 | % | 2.07 | %(5) | 3.28 | % | 2.94 | % | 2.44 | % | 3.02 | % | 3.36 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | — | %(7) | 7 | % | 4 | % | 27 | % | 12 | % | 7 | % | 1 | % | 8 | % | 2 | % | 7 | % | 12 | % | 4 | % |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Net investment income per share reflects receipt of a special one time dividend from a portfolio holding. The effect of this dividend amounted to $0.38 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) | Annualized. | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(7) | Amount shown represents less than 0.5%. |
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SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P International Small Cap ETF | SPDR Dow Jones International Real Estate ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 27.49 | $ | 25.79 | $ | 27.92 | $ | 25.45 | $ | 23.71 | $ | 36.71 | $ | 39.29 | $ | 32.70 | $ | 38.39 | $ | 35.53 | $ | 37.86 | $ | 63.83 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.23 | (1) | 0.57 | (1) | 0.64 | (1) | 0.46 | (1) | 0.44 | (1) | 0.51 | 0.49 | (1) | 1.41 | (1) | 1.57 | (1) | 1.34 | (1) | 1.34 | (1) | 1.80 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 3.25 | 2.08 | (2.14 | ) | 2.42 | 1.74 | (13.04 | ) | 4.81 | 5.67 | (3.82 | ) | 2.84 | (2.38 | ) | (26.03 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 3.48 | 2.65 | (1.50 | ) | 2.88 | 2.18 | (12.53 | ) | 5.30 | 7.08 | (2.25 | ) | 4.18 | (1.04 | ) | (24.23 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | 0.12 | 0.35 | — | (3) | 1.06 | 0.09 | (0.01 | ) | 0.05 | 0.06 | ||||||||||||||||||||||||||||||||||
Other Capital | — | — | (4) | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.49 | ) | (0.75 | ) | (0.63 | ) | (0.41 | ) | (0.56 | ) | (0.30 | ) | (1.78 | ) | (1.55 | ) | (3.53 | ) | (1.31 | ) | (1.34 | ) | (1.80 | ) | ||||||||||||||||||||||||
Net realized gains | — | (0.20 | ) | — | — | — | (0.52 | ) | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Total distributions | (0.49 | ) | (0.95 | ) | (0.63 | ) | (0.41 | ) | (0.56 | ) | (0.82 | ) | (1.78 | ) | (1.55 | ) | (3.53 | ) | (1.31 | ) | (1.34 | ) | (1.80 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 30.48 | $ | 27.49 | $ | 25.79 | $ | 27.92 | $ | 25.45 | $ | 23.71 | $ | 42.81 | $ | 39.29 | $ | 32.70 | $ | 38.39 | $ | 35.53 | $ | 37.86 | ||||||||||||||||||||||||
Total return (5) | 12.89 | % | 10.74 | % | (5.72 | )% | 11.54 | % | 10.45 | % | (33.83 | )% | 13.79 | % | 25.52 | % | (6.76 | )% | 12.15 | % | (1.52 | )% | (38.38 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 746,673 | $ | 679,080 | $ | 729,907 | $ | 622,564 | $ | 509,033 | $ | 331,890 | $ | 3,871,235 | $ | 3,136,658 | $ | 1,996,074 | $ | 1,314,261 | $ | 939,265 | $ | 811,118 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.59 | %(6) | 0.59 | % | 0.61 | % | 0.60 | % | 0.59 | % | 0.59 | % | 0.59 | %(6) | 0.59 | % | 0.61 | % | 0.60 | % | 0.59 | % | 0.59 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.60 | %(6) | 2.16 | % | 2.12 | % | 1.81 | % | 2.27 | % | 2.38 | % | 2.40 | %(6) | 3.96 | % | 4.05 | % | 3.86 | % | 4.85 | % | 3.43 | % | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 21 | % | 2 | % | 22 | % | 17 | % | 21 | % | 46 | % | 4 | % | 11 | % | 10 | % | 7 | % | 23 | % | 8 | % |
(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) | State Street reimbursed the Fund $13,909 due to a record keeping error. The impact of the reimbursement is less than $0.005. | |
(5) | 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. | |
(6) | Annualized. | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Global Infrastructure ETF | SPDR S&P Global Natural Resources ETF | SPDR MSCI ACWI ex-US ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/13 | Year Ended | Year Ended | 9/13/10*- | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 40.42 | $ | 38.94 | $ | 40.91 | $ | 41.94 | $ | 47.03 | $ | 57.68 | $ | 50.90 | $ | 45.94 | $ | 50.76 | $ | 50.00 | $ | 30.49 | $ | 27.55 | $ | 31.77 | $ | 30.38 | $ | 29.39 | $ | 42.56 | ||||||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.56 | (1) | 1.60 | (1) | 1.71 | (1) | 1.47 | (1) | 1.57 | (1) | 1.53 | (2) | 0.50 | (1) | 1.14 | (1) | 1.23 | (1) | 0.03 | (1) | 0.31 | (1) | 0.89 | (1) | 0.95 | (1) | 0.73 | (1) | 0.71 | (1) | 0.82 | |||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | 1.77 | 1.53 | (2.03 | ) | (0.88 | ) | (4.35 | ) | (11.64 | ) | (0.65 | ) | 4.78 | (5.44 | ) | 0.73 | 2.43 | 2.93 | (4.28 | ) | 1.35 | 1.14 | (13.76 | ) | ||||||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.33 | 3.13 | (0.32 | ) | 0.59 | (2.78 | ) | (10.11 | ) | (0.15 | ) | 5.92 | (4.21 | ) | 0.76 | 2.74 | 3.82 | (3.33 | ) | 2.08 | 1.85 | (12.94 | ) | |||||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | 0.07 | 0.60 | — | — | — | — | — | — | — | — | 0.08 | 0.60 | ||||||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.51 | ) | (1.65 | ) | (1.65 | ) | (1.62 | ) | (2.38 | ) | (0.94 | ) | (0.47 | ) | (0.96 | ) | (0.61 | ) | — | (0.44 | ) | (0.88 | ) | (0.89 | ) | (0.69 | ) | (0.94 | ) | (0.77 | ) | |||||||||||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | (0.20 | ) | — | — | — | — | — | — | — | — | — | (0.06 | ) | ||||||||||||||||||||||||||||||||||||||||||||||
Total distributions | (0.51 | ) | (1.65 | ) | (1.65 | ) | (1.62 | ) | (2.38 | ) | (1.14 | ) | (0.47 | ) | (0.96 | ) | (0.61 | ) | — | (0.44 | ) | (0.88 | ) | (0.89 | ) | (0.69 | ) | (0.94 | ) | (0.83 | ) | |||||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 42.24 | $ | 40.42 | $ | 38.94 | $ | 40.91 | $ | 41.94 | $ | 47.03 | $ | 50.28 | $ | 50.90 | $ | 45.94 | $ | 50.76 | $ | 32.79 | $ | 30.49 | $ | 27.55 | $ | 31.77 | $ | 30.38 | $ | 29.39 | ||||||||||||||||||||||||||||||||
Total return (4) | 5.73 | % | 8.20 | % | (1.04 | )% | 1.63 | % | (5.40 | )% | (16.93 | )% | (0.30 | )% | 13.07 | % | (8.56 | )% | 1.52 | % | 8.95 | % | 14.20 | % | (10.99 | )% | 7.13 | % | 7.41 | % | (29.53 | )% | ||||||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 71,809 | $ | 36,378 | $ | 35,045 | $ | 53,186 | $ | 67,099 | $ | 79,944 | $ | 558,092 | $ | 414,852 | $ | 163,076 | $ | 7,615 | $ | 426,267 | $ | 384,218 | $ | 363,713 | $ | 393,909 | $ | 309,901 | $ | 258,639 | ||||||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.59 | %(5) | 0.59 | % | 0.60 | % | 0.61 | % | 0.59 | % | 0.59 | % | 0.40 | %(5) | 0.40 | % | 0.40 | % | 0.38 | %(5) | 0.34 | %(5) | 0.34 | % | 0.35 | % | 0.35 | % | 0.34 | % | 0.34 | % | ||||||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.76 | %(5) | 4.02 | % | 4.07 | % | 3.63 | % | 4.16 | % | 3.49 | % | 1.95 | %(5) | 2.28 | % | 2.13 | % | 1.10 | %(5) | 1.95 | %(5) | 3.03 | % | 2.85 | % | 2.43 | % | 2.98 | % | 3.00 | % | ||||||||||||||||||||||||||||||||
Portfolio turnover rate (6) | 5 | % | 10 | % | 6 | % | 6 | % | 10 | % | 7 | % | 13 | % | 18 | % | 32 | % | 0 | %(7) | 1 | % | 8 | % | 4 | % | 3 | % | 15 | % | 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) | Net investment income per share reflects receipt of a special one time dividend from a portfolio holding. The effect of this dividend amounted to $0.44 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) | Annualized. | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(7) | Amount shown represents less than 0.5%. |
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285
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR MSCI ACWI IMI ETF | SPDR MSCI EM 50 ETF | SPDR Russell/Nomura PRIME Japan ETF | ||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | ||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | ||||||||||||||||||||||||||||||||||||
3/31/13 | 2/27/12*- | 3/31/13 | 2/27/12*- | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 50.04 | $ | 50.00 | $ | 47.31 | $ | 50.00 | $ | 35.57 | $ | 37.12 | $ | 37.80 | $ | 38.41 | $ | 39.64 | $ | 55.91 | ||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.52 | (1) | 0.88 | (1) | 0.15 | (1) | 0.86 | (1) | 0.29 | (1) | 0.66 | (1) | 0.85 | (1) | 0.50 | (1) | 0.46 | (1) | 1.95 | |||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 4.68 | (0.30 | ) | 0.54 | (3.09 | ) | 5.53 | (1.55 | ) | (0.56 | ) | (0.58 | ) | (0.64 | ) | (15.75 | ) | |||||||||||||||||||||||
Total from investment operations | 5.20 | 0.58 | 0.69 | (2.23 | ) | 5.82 | (0.89 | ) | 0.29 | (0.08 | ) | (0.18 | ) | (13.80 | ) | |||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | — | — | — | — | 0.29 | (0.62 | ) | |||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.56 | ) | (0.54 | ) | (0.89 | ) | (0.46 | ) | (0.41 | ) | (0.66 | ) | (0.97 | ) | (0.53 | ) | (1.34 | ) | (1.69 | ) | ||||||||||||||||||||
Net realized gains | (0.02 | ) | — | — | — | — | — | — | — | — | (0.16 | ) | ||||||||||||||||||||||||||||
Total distributions | (0.58 | ) | (0.54 | ) | (0.89 | ) | (0.46 | ) | (0.41 | ) | (0.66 | ) | (0.97 | ) | (0.53 | ) | (1.34 | ) | (1.85 | ) | ||||||||||||||||||||
Net asset value, end of period | $ | 54.66 | $ | 50.04 | $ | 47.11 | $ | 47.31 | $ | 40.98 | $ | 35.57 | $ | 37.12 | $ | 37.80 | $ | 38.41 | $ | 39.64 | ||||||||||||||||||||
Total return (3) | 10.43 | % | 1.28 | % | 1.11 | % | (4.37 | )% | 16.63 | % | (2.33 | )% | 0.56 | % | (0.14 | )% | 0.58 | % | (26.48 | )% | ||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 5,466 | $ | 5,004 | $ | 2,355 | $ | 4,731 | $ | 16,391 | $ | 14,227 | $ | 14,846 | $ | 15,119 | $ | 15,363 | $ | 23,786 | ||||||||||||||||||||
Ratio of expenses to average net assets | 0.25 | %(4) | 0.25 | %(4) | 0.50 | %(4) | 0.50 | %(4) | 0.50 | %(4) | 0.50 | % | 0.51 | % | 0.51 | % | 0.50 | % | 0.50 | % | ||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.02 | %(4) | 3.08 | %(4) | 0.61 | %(4) | 3.16 | %(4) | 1.56 | %(4) | 1.83 | % | 2.16 | % | 1.34 | % | 1.32 | % | 0.52 | % | ||||||||||||||||||||
Portfolio turnover rate (5) | — | %(6) | — | %(6) | 2 | % | 4 | % | — | %(6) | 1 | % | 3 | % | 3 | % | 6 | % | 3 | % |
* | 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. | |
(6) | Amount shown represents less than 0.5%. |
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287
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Russell/Nomura Small Cap Japan ETF | SPDR S&P International Dividend ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 2/12/08*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 41.65 | $ | 43.79 | $ | 39.65 | $ | 40.51 | $ | 35.84 | $ | 48.31 | $ | 45.27 | $ | 45.07 | $ | 53.88 | $ | 52.49 | $ | 48.17 | $ | 70.76 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.40 | (1) | 0.64 | (1) | 0.69 | (1) | 0.53 | (1) | 0.60 | (1) | 0.71 | 0.79 | (1) | 3.29 | (1) | 3.48 | (1) | 2.32 | (1) | 2.09 | (1) | 3.56 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 6.31 | (2.00 | ) | 4.12 | (0.73 | ) | 5.29 | (12.49 | ) | 3.11 | (0.22 | ) | (9.35 | ) | 1.26 | 3.70 | (23.17 | ) | ||||||||||||||||||||||||||||||
Total from investment operations | 6.71 | (1.36 | ) | 4.81 | (0.20 | ) | 5.89 | (11.78 | ) | 3.90 | 3.07 | (5.87 | ) | 3.58 | 5.79 | (19.61 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | (0.15 | ) | (0.12 | ) | 0.04 | 0.14 | 0.37 | 0.06 | 0.40 | 1.30 | ||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.45 | ) | (0.78 | ) | (0.67 | ) | (0.66 | ) | (1.07 | ) | (0.57 | ) | (0.83 | ) | (3.01 | ) | (3.31 | ) | (2.25 | ) | (1.87 | ) | (4.28 | ) | ||||||||||||||||||||||||
Total distributions | (0.45 | ) | (0.78 | ) | (0.67 | ) | (0.66 | ) | (1.07 | ) | (0.57 | ) | (0.83 | ) | (3.01 | ) | (3.31 | ) | (2.25 | ) | (1.87 | ) | (4.28 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 47.91 | $ | 41.65 | $ | 43.79 | $ | 39.65 | $ | 40.51 | $ | 35.84 | $ | 48.38 | $ | 45.27 | $ | 45.07 | $ | 53.88 | $ | 52.49 | $ | 48.17 | ||||||||||||||||||||||||
Total return (3) | 16.90 | % | (3.05 | )% | 12.17 | % | (0.41 | )% | 16.35 | % | (24.85 | )% | 8.61 | % | 7.45 | % | (11.06 | )% | 7.34 | % | 13.86 | % | (26.93 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 71,864 | $ | 64,563 | $ | 98,537 | $ | 67,412 | $ | 85,081 | $ | 77,057 | $ | 1,320,908 | $ | 1,000,522 | $ | 482,266 | $ | 258,705 | $ | 126,037 | $ | 43,369 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.55 | %(4) | 0.55 | % | 0.56 | % | 0.56 | % | 0.55 | % | 0.55 | % | 0.45 | %(4) | 0.45 | % | 0.46 | % | 0.46 | % | 0.46 | % | 0.48 | %(4) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.88 | %(4) | 1.54 | % | 1.63 | % | 1.37 | % | 1.74 | % | 1.24 | % | 3.36 | %(4) | 7.11 | % | 6.24 | % | 4.48 | % | 5.26 | % | 8.77 | %(4) | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 10 | % | 22 | % | 10 | % | 24 | % | 25 | % | 22 | % | 58 | % | 127 | % | 142 | % | 131 | % | 148 | % | 71 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(4) | Annualized. | |
(5) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
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SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P International Mid Cap ETF | SPDR S&P Emerging Markets Small Cap ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 5/7/08*- | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 5/12/08*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 27.69 | $ | 26.04 | $ | 28.76 | $ | 27.14 | $ | 26.04 | $ | 35.46 | $ | 44.43 | $ | 40.57 | $ | 54.62 | $ | 43.78 | $ | 32.69 | $ | 52.29 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.22 | (1) | 0.68 | (1) | 0.76 | (1) | 0.55 | (1) | 0.57 | (1) | 0.32 | 0.10 | (1) | 0.96 | (1) | 0.99 | (1) | 1.06 | (1)(2) | 0.66 | (1) | 0.16 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | 3.06 | 2.57 | (2.31 | ) | 2.31 | 0.72 | (9.74 | ) | 3.95 | 5.15 | (13.25 | ) | 10.65 | 10.18 | (20.81 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 3.28 | 3.25 | (1.55 | ) | 2.86 | 1.29 | (9.42 | ) | 4.05 | 6.11 | (12.26 | ) | 11.71 | 10.84 | (20.65 | ) | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | 0.34 | — | — | — | — | — | 0.56 | 1.05 | ||||||||||||||||||||||||||||||||||||
Other Capital | — | — | — | — | — | — | 0.01 | 0.04 | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.54 | ) | (0.84 | ) | (0.70 | ) | (0.50 | ) | (0.53 | ) | — | (0.69 | ) | (0.92 | ) | (0.34 | ) | (0.19 | ) | (0.31 | ) | — | ||||||||||||||||||||||||||
Net realized gains | (0.07 | ) | (0.76 | ) | (0.47 | ) | (0.74 | ) | — | — | — | (1.37 | ) | (1.45 | ) | (0.68 | ) | — | — | |||||||||||||||||||||||||||||
Total distributions | (0.61 | ) | (1.60 | ) | (1.17 | ) | (1.24 | ) | (0.53 | ) | — | (0.69 | ) | (2.29 | ) | (1.79 | ) | (0.87 | ) | (0.31 | ) | — | ||||||||||||||||||||||||||
Net asset value, end of period | $ | 30.36 | $ | 27.69 | $ | 26.04 | $ | 28.76 | $ | 27.14 | $ | 26.04 | $ | 47.80 | $ | 44.43 | $ | 40.57 | $ | 54.62 | $ | 43.78 | $ | 32.69 | ||||||||||||||||||||||||
Total return (4) | 11.64 | % | 13.27 | % | (6.00 | )% | 11.11 | % | 6.87 | % | (26.54 | )% | 9.00 | % | 16.09 | % | (23.36 | )% | 27.05 | % | 35.45 | % | (37.48 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 36,435 | $ | 35,993 | $ | 36,461 | $ | 30,196 | $ | 21,716 | $ | 5,208 | $ | 903,355 | $ | 897,446 | $ | 908,812 | $ | 797,411 | $ | 65,674 | $ | 9,807 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.45 | %(5) | 0.45 | % | 0.46 | % | 0.46 | % | 0.45 | % | 0.45 | %(5) | 0.65 | %(5) | 0.66 | % | 0.66 | % | 0.66 | % | 0.66 | % | 0.76 | %(5) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.54 | %(5) | 2.56 | % | 2.49 | % | 2.07 | % | 2.57 | % | 2.22 | %(5) | 0.44 | %(5) | 2.27 | % | 1.85 | % | 2.19 | % | 1.93 | % | 3.41 | %(5) | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 12 | % | 28 | % | 32 | % | 31 | % | 45 | % | 19 | % | 2 | % | 22 | % | 70 | % | 85 | % | 83 | % | 2 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Net investment income per share and the ratio of net investment income to average net assets reflect a special one time dividend from a portfolio holding (Patni Computer Systems, Ltd.). The resulting increase to net investment income amounted to $0.07 per share and 0.15% of average net assets. | |
(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) | Annualized. | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
290
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291
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Dow Jones Global Real Estate ETF | SPDR S&P International Consumer Discretionary Sector ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 5/7/08*- | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 7/16/08*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 40.56 | $ | 32.58 | $ | 36.00 | $ | 31.18 | $ | 39.33 | $ | 49.87 | $ | 27.65 | $ | 25.05 | $ | 26.90 | $ | 24.12 | $ | 22.37 | $ | 25.54 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.61 | (1) | 1.12 | (1) | 1.16 | (1) | 1.11 | (1) | 1.19 | (1) | 0.56 | 0.17 | (1) | 0.52 | (1) | 0.47 | (1) | 0.41 | (1) | 0.43 | (1) | 0.12 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 3.82 | 7.52 | (2.00 | ) | 4.88 | (8.23 | ) | (10.80 | ) | 5.04 | 3.11 | (1.79 | ) | 2.69 | 1.77 | (3.26 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 4.43 | 8.64 | (0.84 | ) | 5.99 | (7.04 | ) | (10.24 | ) | 5.21 | 3.63 | (1.32 | ) | 3.10 | 2.20 | (3.14 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.10 | 0.58 | 0.08 | 0.02 | 0.31 | 0.33 | (0.11 | ) | (0.13 | ) | (0.03 | ) | 0.02 | — | — | |||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.90 | ) | (1.24 | ) | (2.66 | ) | (1.19 | ) | (1.42 | ) | (0.63 | ) | (0.40 | ) | (0.51 | ) | (0.50 | ) | (0.34 | ) | (0.45 | ) | (0.03 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | (0.39 | ) | — | — | — | — | |||||||||||||||||||||||||||||||||||
Total distributions | (0.90 | ) | (1.24 | ) | (2.66 | ) | (1.19 | ) | (1.42 | ) | (0.63 | ) | (0.40 | ) | (0.90 | ) | (0.50 | ) | (0.34 | ) | (0.45 | ) | (0.03 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 44.19 | $ | 40.56 | $ | 32.58 | $ | 36.00 | $ | 31.18 | $ | 39.33 | $ | 32.35 | $ | 27.65 | $ | 25.05 | $ | 26.90 | $ | 24.12 | $ | 22.37 | ||||||||||||||||||||||||
Total return (3) | 11.31 | % | 28.56 | % | (2.80 | )% | 19.71 | % | (15.97 | )% | (19.89 | )% | 18.48 | % | 14.40 | % | (5.33 | )% | 13.12 | % | 10.38 | % | (12.29 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 919,053 | $ | 543,476 | $ | 273,706 | $ | 140,388 | $ | 81,076 | $ | 15,731 | $ | 9,704 | $ | 5,529 | $ | 11,271 | $ | 18,833 | $ | 4,824 | $ | 4,475 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(4) | 0.50 | % | 0.50 | % | 0.51 | % | 0.50 | % | 0.50 | %(4) | 0.50 | %(4) | 0.51 | % | 0.50 | % | 0.51 | % | 0.50 | % | 0.52 | %(4) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.88 | %(4) | 2.96 | % | 3.08 | % | 3.42 | % | 4.84 | % | 3.97 | %(4) | 1.12 | %(4) | 1.96 | % | 1.61 | % | 1.67 | % | 2.22 | % | 1.88 | %(4) | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 3 | % | 8 | % | 9 | % | 7 | % | 18 | % | 4 | % | — | %(6) | 5 | % | 9 | % | 11 | % | 7 | % | 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. | |
(6) | Amount shown represents less than 0.5%. |
292
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293
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P International Consumer Staples Sector ETF | SPDR S&P International Energy Sector ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 7/16/08*- | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 7/16/08*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 34.52 | $ | 29.60 | $ | 29.80 | $ | 26.31 | $ | 25.80 | $ | 27.47 | $ | 25.31 | $ | 22.46 | $ | 24.52 | $ | 25.48 | $ | 25.07 | $ | 31.62 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.31 | (1) | 0.82 | (1) | 0.88 | (1) | 0.69 | (1) | 0.57 | (1) | 0.13 | 0.32 | (1) | 0.79 | (1) | 0.70 | (1) | 0.65 | (1) | 0.76 | (1) | 0.16 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 4.09 | 4.90 | (0.37 | ) | 3.39 | 0.50 | (1.69 | ) | (0.93 | ) | 2.89 | (2.10 | ) | (1.01 | ) | 0.34 | (6.57 | ) | ||||||||||||||||||||||||||||||
Total from investment operations | 4.40 | 5.72 | 0.51 | 4.08 | 1.07 | (1.56 | ) | (0.61 | ) | 3.68 | (1.40 | ) | (0.36 | ) | 1.10 | (6.41 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.05 | 0.00 | (3) | 0.15 | 0.04 | — | — | — | (0.02 | ) | 0.00 | (3) | 0.04 | 0.04 | — | |||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.26 | ) | (0.80 | ) | (0.86 | ) | (0.63 | ) | (0.56 | ) | (0.11 | ) | (0.36 | ) | (0.81 | ) | (0.66 | ) | (0.64 | ) | (0.72 | ) | (0.14 | ) | ||||||||||||||||||||||||
Return of capital | — | — | — | — | — | — | — | — | — | — | (0.01 | ) | — | |||||||||||||||||||||||||||||||||||
Total distributions | (0.26 | ) | (0.80 | ) | (0.86 | ) | (0.63 | ) | (0.56 | ) | (0.11 | ) | (0.36 | ) | (0.81 | ) | (0.66 | ) | (0.64 | ) | (0.73 | ) | (0.14 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 38.71 | $ | 34.52 | $ | 29.60 | $ | 29.80 | $ | 26.31 | $ | 25.80 | $ | 24.34 | $ | 25.31 | $ | 22.46 | $ | 24.52 | $ | 25.48 | $ | 25.07 | ||||||||||||||||||||||||
Total return (4) | 12.80 | % | 19.51 | % | 2.08 | % | 15.87 | % | 4.48 | % | (5.70 | )% | (2.42 | )% | 16.44 | % | (6.14 | )% | (1.18 | )% | 5.09 | % | (20.28 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 36,773 | $ | 18,986 | $ | 19,239 | $ | 14,900 | $ | 5,262 | $ | 5,160 | $ | 10,952 | $ | 11,389 | $ | 12,355 | $ | 12,259 | $ | 6,369 | $ | 5,014 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(5) | 0.50 | % | 0.51 | % | 0.51 | % | 0.50 | % | 0.50 | %(5) | 0.50 | %(5) | 0.50 | % | 0.51 | % | 0.51 | % | 0.50 | % | 0.50 | %(5) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.73 | %(5) | 2.53 | % | 2.81 | % | 2.50 | % | 2.58 | % | 2.17 | %(5) | 2.61 | %(5) | 3.16 | % | 2.55 | % | 2.63 | % | 3.64 | % | 3.03 | %(5) | ||||||||||||||||||||||||
Portfolio turnover rate (6) | — | %(7) | 7 | % | 2 | % | 5 | % | 8 | % | 9 | % | 2 | % | 6 | % | 4 | % | 11 | % | 6 | % | 1 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized. | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(7) | Amount shown represents less than 0.5%. |
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295
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P International Financial Sector ETF | SPDR S&P International Health Care Sector ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 7/16/08*- | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 7/16/08*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 17.67 | $ | 15.47 | $ | 19.60 | $ | 21.39 | $ | 21.48 | $ | 24.52 | $ | 35.15 | $ | 29.55 | $ | 29.46 | $ | 28.50 | $ | 28.38 | $ | 31.23 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.28 | (1) | 0.64 | (1) | 0.69 | (1) | 0.55 | (1) | 0.46 | (1) | 0.10 | 0.48 | (1) | 0.86 | (1) | 0.74 | (1) | 0.64 | (1) | 0.57 | (1) | 0.11 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 2.51 | 2.15 | (4.09 | ) | (1.83 | ) | (0.11 | ) | (3.05 | ) | 4.36 | 5.57 | 0.04 | 0.96 | 0.11 | (2.91 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 2.79 | 2.79 | (3.40 | ) | (1.28 | ) | 0.35 | (2.95 | ) | 4.84 | 6.43 | 0.78 | 1.60 | 0.68 | (2.80 | ) | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.16 | ) | (0.07 | ) | (0.01 | ) | 0.04 | 0.01 | — | — | (3) | (0.01 | ) | 0.05 | (0.01 | ) | — | — | ||||||||||||||||||||||||||||||
Distributions to shareholders from: | �� | |||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.55 | ) | (0.52 | ) | (0.72 | ) | (0.55 | ) | (0.45 | ) | (0.09 | ) | (0.43 | ) | (0.82 | ) | (0.74 | ) | (0.63 | ) | (0.56 | ) | (0.05 | ) | ||||||||||||||||||||||||
Total distributions | (0.55 | ) | (0.52 | ) | (0.72 | ) | (0.55 | ) | (0.45 | ) | (0.09 | ) | (0.43 | ) | (0.82 | ) | (0.74 | ) | (0.63 | ) | (0.56 | ) | (0.05 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 19.75 | $ | 17.67 | $ | 15.47 | $ | 19.60 | $ | 21.39 | $ | 21.48 | $ | 39.56 | $ | 35.15 | $ | 29.55 | $ | 29.46 | $ | 28.50 | $ | 28.38 | ||||||||||||||||||||||||
Total return (4) | 15.11 | % | 18.02 | % | (17.99 | )% | (5.60 | )% | 2.35 | % | (12.03 | )% | 13.81 | % | 22.03 | % | 2.69 | % | 5.71 | % | 2.78 | % | (8.97 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 7,900 | $ | 3,534 | $ | 7,735 | $ | 8,821 | $ | 5,348 | $ | 4,295 | $ | 33,626 | $ | 28,123 | $ | 19,207 | $ | 10,310 | $ | 5,701 | $ | 5,676 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(5) | 0.50 | % | 0.51 | % | 0.51 | % | 0.50 | % | 0.50 | %(5) | 0.50 | %(5) | 0.50 | % | 0.50 | % | 0.51 | % | 0.50 | % | 0.50 | %(5) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.94 | %(5) | 3.94 | % | 3.47 | % | 2.85 | % | 2.88 | % | 2.03 | %(5) | 2.62 | %(5) | 2.70 | % | 2.37 | % | 2.25 | % | 2.35 | % | 1.67 | %(5) | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 2 | % | 6 | % | 4 | % | 6 | % | 25 | % | 0 | %(7) | — | %(7) | 14 | % | 5 | % | 29 | % | 0 | %(7) | 18 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized. | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(7) | Amount shown represents less than 0.5%. |
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297
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P International Industrial Sector ETF | SPDR S&P International Materials Sector ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 7/16/08*- | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 7/16/08*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | �� | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | ||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 24.67 | $ | 22.46 | $ | 25.65 | $ | 23.26 | $ | 22.07 | $ | 27.47 | $ | 23.68 | $ | 22.83 | $ | 26.34 | $ | 23.05 | $ | 21.54 | $ | 31.52 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.23 | (1) | 0.55 | (1) | 0.62 | (1) | 0.41 | (1) | 0.47 | (1) | 0.09 | 0.12 | (1) | 0.42 | (1) | 0.42 | (1) | 0.32 | (1) | 0.27 | (1) | 0.11 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 3.46 | 2.32 | (3.23 | ) | 2.27 | 1.25 | (5.44 | ) | (0.33 | ) | 0.87 | (3.51 | ) | 3.25 | 1.41 | (10.02 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 3.69 | 2.87 | (2.61 | ) | 2.68 | 1.72 | (5.35 | ) | (0.21 | ) | 1.29 | (3.09 | ) | 3.57 | 1.68 | (9.91 | ) | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.21 | ) | (0.10 | ) | (0.01 | ) | 0.06 | — | — | (0.01 | ) | 0.01 | (0.03 | ) | (0.02 | ) | 0.15 | — | ||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.58 | ) | (0.56 | ) | (0.57 | ) | (0.35 | ) | (0.53 | ) | (0.05 | ) | (0.34 | ) | (0.45 | ) | (0.39 | ) | (0.26 | ) | (0.32 | ) | (0.07 | ) | ||||||||||||||||||||||||
Total distributions | (0.58 | ) | (0.56 | ) | (0.57 | ) | (0.35 | ) | (0.53 | ) | (0.05 | ) | (0.34 | ) | (0.45 | ) | (0.39 | ) | (0.26 | ) | (0.32 | ) | (0.07 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 27.57 | $ | 24.67 | $ | 22.46 | $ | 25.65 | $ | 23.26 | $ | 22.07 | $ | 23.12 | $ | 23.68 | $ | 22.83 | $ | 26.34 | $ | 23.05 | $ | 21.54 | ||||||||||||||||||||||||
Total return (3) | 14.20 | % | 12.53 | % | (10.62 | )% | 11.94 | % | 8.35 | % | (19.49 | )% | (1.00 | )% | 5.79 | % | (12.12 | )% | 15.53 | % | 8.87 | % | (31.44 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 11,028 | $ | 8,635 | $ | 20,211 | $ | 17,955 | $ | 4,653 | $ | 4,413 | $ | 9,249 | $ | 11,842 | $ | 19,403 | $ | 22,387 | $ | 9,221 | $ | 4,309 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(4) | 0.50 | % | 0.50 | % | 0.52 | % | 0.50 | % | 0.50 | %(4) | 0.50 | %(4) | 0.50 | % | 0.51 | % | 0.52 | % | 0.50 | % | 0.50 | %(4) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.73 | %(4) | 2.27 | % | 2.22 | % | 1.74 | % | 2.59 | % | 1.55 | %(4) | 0.97 | %(4) | 1.77 | % | 1.42 | % | 1.31 | % | 1.47 | % | 1.99 | %(4) | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 1 | % | 11 | % | 0 | %(6) | 20 | % | 3 | % | 0 | %(6) | 6 | % | — | %(6) | 1 | % | 9 | % | 7 | % | 4 | % |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | 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. | |
(6) | Amount shown represents less than 0.5%. |
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299
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P International Technology Sector ETF | SPDR S&P International Telecommunications Sector ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 7/16/08*- | 3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 7/16/08*- | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | (Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 24.18 | $ | 22.00 | $ | 24.76 | $ | 24.58 | $ | 22.27 | $ | 27.77 | $ | 22.82 | $ | 22.65 | $ | 24.30 | $ | 23.58 | $ | 22.71 | $ | 27.02 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | 0.10 | (1) | 0.29 | (1) | 0.34 | (1) | 0.29 | (1) | 0.24 | (1) | 0.06 | 0.19 | (1) | 1.45 | (1) | 1.22 | (1)(2) | 1.05 | (1) | 0.97 | (1) | 0.16 | ||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | 3.37 | 2.37 | (2.68 | ) | 0.14 | 2.32 | (5.56 | ) | 0.27 | 0.10 | (1.54 | ) | 0.69 | 0.86 | (4.33 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 3.47 | 2.66 | (2.34 | ) | 0.43 | 2.56 | (5.50 | ) | 0.46 | 1.55 | (0.32 | ) | 1.74 | 1.83 | (4.17 | ) | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.02 | ) | (0.03 | ) | 0.00 | (4) | 0.01 | 0.01 | — | — | (4) | (0.01 | ) | 0.01 | 0.02 | 0.02 | — | |||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.13 | ) | (0.31 | ) | (0.33 | ) | (0.25 | ) | (0.26 | ) | — | (0.19 | ) | (1.37 | ) | (1.34 | ) | (1.04 | ) | (0.98 | ) | (0.14 | ) | |||||||||||||||||||||||||
Net realized gains | — | (0.14 | ) | (0.09 | ) | (0.01 | ) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Total distributions | (0.13 | ) | (0.45 | ) | (0.42 | ) | (0.26 | ) | (0.26 | ) | — | (0.19 | ) | (1.37 | ) | (1.34 | ) | (1.04 | ) | (0.98 | ) | (0.14 | ) | |||||||||||||||||||||||||
Net asset value, end of period | $ | 27.50 | $ | 24.18 | $ | 22.00 | $ | 24.76 | $ | 24.58 | $ | 22.27 | $ | 23.09 | $ | 22.82 | $ | 22.65 | $ | 24.30 | $ | 23.58 | $ | 22.71 | ||||||||||||||||||||||||
Total return (5) | 14.07 | % | 12.06 | % | (9.74 | )% | 1.86 | % | 11.81 | % | (19.81 | )% | 2.04 | % | 7.23 | % | (1.66 | )%(2) | 8.09 | % | 8.68 | % | (15.45 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 16,498 | $ | 10,881 | $ | 18,702 | $ | 21,044 | $ | 11,062 | $ | 4,454 | $ | 31,171 | $ | 25,098 | $ | 12,458 | $ | 15,795 | $ | 9,432 | $ | 4,542 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(6) | 0.50 | % | 0.51 | % | 0.52 | % | 0.51 | % | 0.50 | %(6) | 0.50 | %(6) | 0.50 | % | 0.51 | % | 0.52 | % | 0.50 | % | 0.50 | %(6) | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.80 | %(6) | 1.21 | % | 1.27 | % | 1.20 | % | 1.23 | % | 1.04 | %(6) | 1.74 | %(6) | 6.48 | % | 4.84 | %(2) | 4.62 | % | 4.76 | % | 3.11 | %(6) | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 4 | % | 6 | % | 1 | % | 10 | % | 5 | % | 0 | %(8) | 2 | % | 3 | % | 8 | % | 6 | % | 5 | % | 0 | %(8) |
* | 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) | Net investment income per share and the ratio of net investment income to average net assets reflect receipt of special dividends from portfolio holdings. The resulting increase to net investment income amounted to $0.09 per share and 0.34% of average net assets. If the special dividends were not received during the year ended September 30, 2011, the total return would have been (2.00)%. | |
(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) | Amount is less than $0.005 per share. | |
(5) | 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. | |
(6) | Annualized. | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(8) | Amount shown represents less than 0.5%. |
300
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301
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P International Utilities Sector ETF | ||||||||||||||||||||||||
Six Months | For the | |||||||||||||||||||||||
Ended | Period | |||||||||||||||||||||||
3/31/13 | Year Ended | Year Ended | Year Ended | Year Ended | 7/16/08*- | |||||||||||||||||||
(Unaudited) | 9/30/12 | 9/30/11 | 9/30/10 | 9/30/09 | 9/30/08 | |||||||||||||||||||
Net asset value, beginning of period | $ | 16.39 | $ | 17.38 | $ | 20.55 | $ | 22.78 | $ | 24.95 | $ | 29.47 | ||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||
Net investment income (loss) | 0.14 | (1) | 0.85 | (1) | 0.92 | (1)(2) | 0.82 | (1) | 0.86 | (1) | 0.37 | (3) | ||||||||||||
Net realized and unrealized loss (4) | (0.05 | ) | (1.24 | ) | (3.20 | ) | (2.43 | ) | (2.19 | ) | (4.45 | ) | ||||||||||||
Total from investment operations | 0.09 | (0.39 | ) | (2.28 | ) | (1.61 | ) | (1.33 | ) | (4.08 | ) | |||||||||||||
Net equalization credits and charges (1) | 0.01 | 0.14 | 0.02 | 0.04 | — | — | ||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||
Net investment income | (0.20 | ) | (0.74 | ) | (0.91 | ) | (0.66 | ) | (0.81 | ) | (0.44 | ) | ||||||||||||
Net realized gains | — | — | — | — | (0.03 | ) | — | |||||||||||||||||
Total distributions | (0.20 | ) | (0.74 | ) | (0.91 | ) | (0.66 | ) | (0.84 | ) | (0.44 | ) | ||||||||||||
Net asset value, end of period | $ | 16.29 | $ | 16.39 | $ | 17.38 | $ | 20.55 | $ | 22.78 | $ | 24.95 | ||||||||||||
Total return (5) | 0.29 | % | (1.30 | )% | (11.45 | )%(2) | (6.71 | )% | (4.96 | )% | (13.87 | )% | ||||||||||||
Net assets, end of period (in 000’s) | $ | 26,882 | $ | 25,403 | $ | 9,561 | $ | 8,221 | $ | 4,557 | $ | 4,989 | ||||||||||||
Ratio of expenses to average net assets | 0.50 | %(6) | 0.50 | % | 0.51 | % | 0.52 | % | 0.50 | % | 0.50 | %(6) | ||||||||||||
Ratio of net investment income (loss) to average net assets | 1.67 | %(6) | 5.15 | % | 4.49 | %(2) | 3.94 | % | 4.23 | % | 6.47 | %(6) | ||||||||||||
Portfolio turnover rate (7) | — | %(8) | 8 | % | 2 | % | 5 | % | 7 | % | 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) | Net investment income per share and the ratio of net investment income to average net assets reflect receipt of special dividends from portfolio holdings. The resulting increase to net investment income amounted to $0.08 per share and 0.39% of average net assets. If the special dividends were not received during the year ended September 30, 2011, the total return would have been (11.75)%. | |
(3) | Net investment income per share reflects receipt of a special one time dividend from a portfolio holding. The effect of this dividend amounted to $0.31 per share. | |
(4) | 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. | |
(5) | 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. | |
(6) | Annualized. | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(8) | Amount shown represents less than 0.5%. |
302
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS
NOTES TO FINANCIAL STATEMENTS
March 31, 2013 (Unaudited)
1. | Organization |
SPDR Index Shares Funds (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 February 14, 2002.
As of March 31, 2013, the Trust offered thirty-six (36) portfolios, each of which represents a separate series of beneficial interest in the Trust (each referred to as a “Fund” and collectively the “Funds”). The financial statements herein relate to the following Funds: SPDR STOXX Europe 50 ETF, SPDR EURO STOXX 50 ETF, SPDR S&P Emerging Asia Pacific ETF, SPDR S&P Small Cap Emerging Asia Pacific ETF, SPDR S&P Russia ETF, SPDR S&P China ETF, SPDR S&P Emerging Markets ETF, SPDR S&P Emerging Markets Dividend ETF, SPDR S&P BRIC 40 ETF, SPDR S&P Emerging Europe ETF, SPDR S&P Emerging Latin America ETF, SPDR S&P Emerging Middle East & Africa ETF, SPDR S&P World ex-US ETF, SPDR S&P International Small Cap ETF, SPDR Dow Jones International Real Estate ETF, SPDR S&P Global Infrastructure ETF (effective April 30, 2013 the fund changed its name from SPDR FTSE/Macquarie Global Infrastructure 100 ETF), SPDR S&P Global Natural Resources ETF, SPDR MSCI ACWI ex-US ETF, SPDR MSCI ACWI IMI ETF, SPDR MSCI EM 50 ETF, SPDR Russell/Nomura PRIME Japan ETF, SPDR Russell/Nomura Small Cap Japan ETF, SPDR S&P International Dividend ETF, SPDR S&P International Mid Cap ETF, SPDR S&P Emerging Markets Small Cap ETF, SPDR Dow Jones Global Real Estate ETF, SPDR S&P International Consumer Discretionary Sector ETF, SPDR S&P International Consumer Staples Sector ETF, SPDR S&P International Energy Sector ETF, SPDR S&P International Financial Sector ETF, SPDR S&P International Health Care Sector ETF, SPDR S&P International Industrial Sector ETF, SPDR S&P International Materials Sector ETF, SPDR S&P International Technology Sector ETF, SPDR S&P International Telecommunications Sector ETF and SPDR S&P International Utilities Sector ETF.
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.
Each Fund’s investments 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 materially affect the amounts reported in the financial statements.
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 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, including exchange-traded futures contracts, is based on the securities’ last sale price on local markets when available. Investments in open-end investment companies are valued at their net
303
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
asset value each business day. If a security’s market price is not readily available or does not otherwise accurately reflect the fair value of the security, the security will be valued by another method that the Board of Trustees of the Trust (the “Board”) believes will better reflect fair value in accordance with the Trust’s valuation policies and procedures. The Board has delegated the process of valuing securities for which market quotations are not readily available or do not otherwise accurately reflect the fair value of the security to the Pricing and Investment Committee (the “Committee”). The Committee, subject to oversight by the Board, may use fair value pricing in a variety of circumstances, including but not limited to, situations when trading in a security has been suspended or halted. Accordingly, a Fund’s net asset value may reflect certain portfolio securities’ fair values rather than their market prices. Fair value pricing involves subjective judgments and it is possible that the fair value determination for a security is materially different than the value that could be received on the sale of the security.
The Funds continue to follow the authoritative guidance for fair value measurements and the fair value option for financial assets and financial liabilities. The guidance for the fair value option for financial assets and financial liabilities provides funds the irrevocable option to measure many financial assets and liabilities at fair value with changes in fair value recognized in earnings. The guidance also establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. The guidance establishes three levels of inputs that may be used to measure fair value:
• | Level 1 — quoted prices in active markets for identical investments |
• | Level 2 — other significant observable inputs (including, but not limited to, quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
• | Level 3 — significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments) |
Investments that use Level 2 or Level 3 inputs may include, but are not limited to: (i) an unlisted security related to corporate actions; (ii) a restricted security (e.g., one that may not be publicly sold without registration under the Securities Act of 1933, as amended); (iii) a security whose trading has been suspended or which has been de-listed from its primary trading exchange; (iv) a security that is thinly traded; (v) a security in default or bankruptcy proceedings for which there is no current market quotation; (vi) a security affected by currency controls or restrictions; and (vii) a security affected by a significant event (e.g., an event that occurs after the close of the markets on which the security is traded but before the time as of which the Funds’ net assets are computed and that may materially affect the value of the Funds’ investments). Examples of events that may be “significant events” are government actions, natural disasters, armed conflict, acts of terrorism, and significant market fluctuations.
Fair value pricing could result in a difference between the prices used to calculate a Fund’s net asset value and the prices used by the Funds’ 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 risks associated with investing in those investments.
The type of inputs used to value each security is identified in the breakdown of the Funds’ investments by industry, which appears in the Portfolio Summary.
The following table summarizes the inputs used in valuing the Funds’ investments as of March 31, 2013:
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
Fund | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR STOXX Europe 50 ETF | $ | 55,206,666 | $ | — | * | $ | — | $ | 55,206,666 | |||||||
SPDR EURO STOXX 50 ETF | 1,819,774,935 | — | * | — | 1,819,774,935 | |||||||||||
SPDR S&P Emerging Asia Pacific ETF | 526,658,070 | 778,383 | — | ** | 527,436,453 | |||||||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | 2,247,011 | 14,799 | — | ** | 2,261,810 |
304
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
Fund | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR S&P Russia ETF | $ | 35,738,888 | $ | — | $ | — | $ | 35,738,888 | ||||||||
SPDR S&P China ETF | 1,242,348,282 | 484,135 | — | 1,242,832,417 | ||||||||||||
SPDR S&P Emerging Markets ETF | 233,818,121 | 183,868 | — | ** | 234,001,989 | |||||||||||
SPDR S&P Emerging Markets Dividend ETF | 551,662,547 | — | — | 551,662,547 | ||||||||||||
SPDR S&P BRIC 40 ETF | 305,474,464 | — | — | 305,474,464 | ||||||||||||
SPDR S&P Emerging Europe ETF | 92,748,650 | — | * | — | 92,748,650 | |||||||||||
SPDR S&P Emerging Latin America ETF | 121,794,080 | — | — | 121,794,080 | ||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 82,151,549 | — | — | 82,151,549 | ||||||||||||
SPDR S&P World ex-US ETF | 620,805,102 | — | * | — | 620,805,102 | |||||||||||
SPDR S&P International Small Cap ETF | 820,821,347 | 1,393,729 | 234,461 | 822,449,537 | ||||||||||||
SPDR Dow Jones International Real Estate ETF | 4,023,295,685 | — | * | — | 4,023,295,685 | |||||||||||
SPDR S&P Global Infrastructure ETF | 81,136,046 | — | — | 81,136,046 | ||||||||||||
SPDR S&P Global Natural Resources ETF | 587,675,153 | — | — | 587,675,153 | ||||||||||||
SPDR MSCI ACWI ex-US ETF | 456,534,484 | — | * | — | 456,534,484 | |||||||||||
SPDR MSCI ACWI IMI ETF | 5,771,287 | — | — | 5,771,287 | ||||||||||||
SPDR MSCI EM 50 ETF | 2,355,115 | — | — | 2,355,115 | ||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 20,060,827 | — | — | 20,060,827 | ||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 84,728,452 | — | * | — | 84,728,452 | |||||||||||
SPDR S&P International Dividend ETF | 1,405,687,522 | — | — | 1,405,687,522 | ||||||||||||
SPDR S&P International Mid Cap ETF | 41,408,200 | — | * | — | 41,408,200 | |||||||||||
SPDR S&P Emerging Markets Small Cap ETF | 952,132,649 | 5,240,491 | — | ** | 957,373,140 | |||||||||||
SPDR Dow Jones Global Real Estate ETF | 989,946,090 | — | * | — | 989,946,090 | |||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 9,969,817 | — | — | 9,969,817 | ||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 36,971,437 | — | * | — | 36,971,437 | |||||||||||
SPDR S&P International Energy Sector ETF | 11,610,583 | — | — | 11,610,583 | ||||||||||||
SPDR S&P International Financial Sector ETF | 8,247,823 | — | — | 8,247,823 | ||||||||||||
SPDR S&P International Health Care Sector ETF | 33,645,877 | — | — | 33,645,877 | ||||||||||||
SPDR S&P International Industrial Sector ETF | 11,271,796 | — | — | 11,271,796 | ||||||||||||
SPDR S&P International Materials Sector ETF | 9,660,491 | 1,170 | 1,793 | 9,663,454 | ||||||||||||
SPDR S&P International Technology Sector ETF | 16,840,424 | — | — | 16,840,424 | ||||||||||||
SPDR S&P International Telecommunications Sector ETF | 31,885,080 | — | — | 31,885,080 | ||||||||||||
SPDR S&P International Utilities Sector ETF | 27,150,294 | — | — | 27,150,294 |
* | Fund held Level 2 securities that were valued at $0 at March 31, 2013. | |
** | Fund held Level 3 securities that were valued at $0 at March 31, 2013. |
305
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
Fund — Other Financial Instruments* | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR S&P Emerging Markets ETF | $ | 32,182 | $ | — | $ | — | $ | 32,182 |
* | Other Financial Instruments are derivative instruments not reflected in the Schedules of Investments, such as futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument. |
There were no material transfers between levels for the six months ended March 31, 2013. The transfers that did occur were the result of fair value pricing using significant observable inputs for Level 2 securities and significant unobservable inputs for Level 3 securities.
Investment Income
Dividend income is recorded on the ex-dividend date, except for certain foreign dividends for which the Funds may not record until they receive notice of the dividend which could result in the Funds recording on pay date. Interest income is recorded on the accrual basis. The value of certain additional securities received as dividend payments is recorded as income and as an increase to the cost basis of such securities.
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
Certain 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.
Effective February 23, 2010, SPDR S&P Emerging Asia Pacific ETF, SPDR S&P Russia ETF, SPDR S&P China ETF, SPDR S&P Emerging Markets ETF, SPDR S&P BRIC 40 ETF, SPDR S&P Emerging Europe ETF, SPDR S&P Emerging Latin America ETF, SPDR S&P Emerging Middle East & Africa ETF, SPDR S&P World ex-US ETF, SPDR S&P International Small Cap ETF, SPDR S&P Global Infrastructure ETF, SPDR MSCI ACWI ex-US ETF, SPDR Russell/Nomura PRIME Japan ETF, SPDR Russell/Nomura Small Cap Japan ETF, SPDR S&P International Mid Cap ETF and SPDR S&P Emerging Markets Small Cap ETF no longer utilized equalization.
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
306
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
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.
Futures
SPDR S&P Emerging Markets ETF used futures contracts during the period to meet the Fund’s objectives. The Fund employs strategies in differing combinations to permit it to increase, decrease or change the level of exposure to market risk factors. The achievement of any strategy relating to derivatives depends on analysis of various risk factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
Equity risk relates to change in value of equity securities such as common stocks due to general market conditions, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, or adverse investor sentiment. Equity securities generally have greater price volatility than fixed income securities.
Futures contracts generally provide for the future sale by one party and purchase by another party of a specified commodity at a specified future time and at a specified price. Stock index futures contracts are settled periodically with a payment by one party to the other of a cash amount based on the difference between the level of the stock index specified in the contract from one day to the next. Futures contracts are standardized as to maturity date and underlying instrument and are traded on futures exchanges.
Futures traders are required to make a good faith margin deposit in cash or U.S. government securities with a broker or custodian to initiate and maintain open positions in futures contracts. A margin deposit is intended to assure completion of the contract (delivery or acceptance of the underlying commodity or payment of the cash settlement amount) if it is not terminated prior to the specified delivery date. Brokers may establish deposit requirements which are higher than the exchange minimums. Futures contracts are customarily purchased and sold on margin deposits which may range upward from less than 5% of the value of the contract being traded.
After a futures contract position is opened, the value of the contract is marked to market daily. If the futures contract price changes to the extent that the margin on deposit does not satisfy margin requirements, payment of additional “variation” margin will be required. Conversely, change in the contract value may reduce the required margin, resulting in a repayment of excess margin to the contract holder. Variation margin payments are made to and from the futures broker for as long as the contract remains open. In such case, a Fund would expect to earn interest income on its margin deposits. Closing out an open futures position is done by taking an opposite position (“buying” a contract which has previously been “sold” or “selling” a contract previously “purchased”) in an identical contract to terminate the position. Brokerage commissions are incurred when a futures contract position is opened or closed.
Each Fund may use exchange-traded futures, together with positions in cash and money market instruments, to simulate full investment in its underlying benchmark index. Under such circumstances, the Adviser (as defined in Note 3) may seek to utilize other instruments that it believes to be correlated to the underlying index components or a subset of the components.
Certain risks may arise upon entering into futures contracts, including the risk that an illiquid market will limit the Fund’s ability to close out a futures contract prior to the settlement date and that a change in the value of a futures
307
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
contract may not correlate exactly with the changes in the value of the underlying hedged security, index or currency. Risk of loss may exceed amounts recognized in the Statements of Assets and Liabilities.
A summary of the open futures contracts as of March 31, 2013 is included in a table following the Fund’s Schedule of Investments.
The following tables summarize the value of the Fund’s derivative instruments as of March 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 S&P Emerging Markets ETF (a) | Futures Contract | $ | — | $ | — | $ | — | $ | 185,782 | $ | — | $ | — | $ | 185,782 |
(a) | Initial margin deposit on futures |
Liability Derivatives | ||||||||||||||||||||||||||||||
Interest | Foreign | |||||||||||||||||||||||||||||
Rate | Exchange | Credit | Equity | Commodity | Other | |||||||||||||||||||||||||
Contracts | Contracts | Contracts | Contracts | Contracts | Contracts | |||||||||||||||||||||||||
Risk | Risk | Risk | Risk | Risk | Risk | Total | ||||||||||||||||||||||||
SPDR S&P Emerging Markets ETF (a) | Futures Contract | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — |
(a) | Payable for variation margin on futures contracts |
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 S&P Emerging Markets ETF (a) | Futures Contract | $ | — | $ | — | $ | — | $ | (46,453 | ) | $ | — | $ | — | $ | (46,453 | ) |
(a) | Net realized gain/loss on Futures. |
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 S&P Emerging Markets ETF (a) | Futures Contract | $ | — | $ | — | $ | — | $ | 57,687 | $ | — | $ | — | $ | 57,687 |
(a) | Net change in unrealized appreciation (depreciation) on Futures. |
The volume of derivatives held at period end is indicative of the volume held throughout the year.
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,
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SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
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, losses deferred due to wash sales and the realization of unrealized gains on investments in passive foreign investment companies.
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.
Accounting Standards Codification 740, Income Taxes (“ASC 740”) established financial accounting and disclosure requirements for recognition and measurement of tax positions taken, and whether those tax positions are more likely than not to be sustained upon examination by the applicable taxing authority based on the technical merits of the position. The Funds have not recognized any liabilities for unrecognized tax benefits, related to the current year or prior years impacting the NAVs of the Funds. The Funds may be subject to potential examinations by certain taxing authorities for all open tax years (the current and prior years, as applicable). Any potential tax liability is also subject to ongoing interpretation of laws by taxing authorities. The tax treatment of the Funds’ investments may change over time based on factors including, but not limited to new tax laws, regulations, and interpretations thereof.
On December 22, 2010, the Regulated Investment Company Modernization Act of 2010 (the “Act”) was enacted. The Act modernizes several of the federal income and excise tax provisions related to RICs, and, with certain exceptions, is effective for taxable years beginning after December 22, 2010. Among the changes made are changes to the capital loss carryforward rules allowing for capital losses to be carried forward indefinitely. Rules in effect previously limit the carryforward period to eight years. Capital loss carryforwards generated in taxable years beginning after the effective date of the Act must be fully used before capital loss carryforwards generated in taxable years prior to the effective date of the Act; therefore, under certain circumstances, capital loss carryforwards available as of the report date, if any, may expire unused.
For the six months ended March 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 STOXX Europe 50 ETF | $ | — | ||
SPDR EURO STOXX 50 ETF | 5,575,147 | |||
SPDR S&P Emerging Asia Pacific ETF | 105,416 | |||
SPDR S&P Small Cap Emerging Asia Pacific ETF | — | |||
SPDR S&P Russia ETF | (262,664 | ) | ||
SPDR S&P China ETF | 11,347,523 | |||
SPDR S&P Emerging Markets ETF | 1,381,084 | |||
SPDR S&P Emerging Markets Dividend ETF | — | |||
SPDR S&P BRIC 40 ETF | 5,339,640 | |||
SPDR S&P Emerging Europe ETF | 634,830 | |||
SPDR S&P Emerging Latin America ETF | 420,774 | |||
SPDR S&P Emerging Middle East & Africa ETF | 1,273,795 | |||
SPDR S&P World ex-US ETF | — | |||
SPDR S&P International Small Cap ETF | 12,145,026 |
309
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Net Gain (Loss) | ||||
Reclassified to | ||||
Paid in Capital | ||||
SPDR Dow Jones International Real Estate ETF | $ | — | ||
SPDR S&P Global Infrastructure ETF | — | |||
SPDR S&P Global Natural Resources ETF | 4,408,092 | |||
SPDR MSCI ACWI ex-US ETF | 2,916,233 | |||
SPDR MSCI ACWI IMI ETF | — | |||
SPDR MSCI EM 50 ETF | (101,149 | ) | ||
SPDR Russell/Nomura PRIME Japan ETF | 1,657,414 | |||
SPDR Russell/Nomura Small Cap Japan ETF | (791,293 | ) | ||
SPDR S&P International Dividend ETF | — | |||
SPDR S&P International Mid Cap ETF | 470,764 | |||
SPDR S&P Emerging Markets Small Cap ETF | 2,456,764 | |||
SPDR Dow Jones Global Real Estate ETF | — | |||
SPDR S&P International Consumer Discretionary Sector ETF | — | |||
SPDR S&P International Consumer Staples Sector ETF | — | |||
SPDR S&P International Energy Sector ETF | — | |||
SPDR S&P International Financial Sector ETF | — | |||
SPDR S&P International Health Care Sector ETF | — | |||
SPDR S&P International Industrial Sector ETF | (424,298 | ) | ||
SPDR S&P International Materials Sector ETF | (409,980 | ) | ||
SPDR S&P International Technology Sector ETF | — | |||
SPDR S&P International Telecommunications Sector ETF | — | |||
SPDR S&P International Utilities Sector ETF | — |
At March 31, 2013, the Funds had capital loss carryforwards which may be utilized to offset any net realized capital gains expiring September 30:
Non-Expiring — | Non-Expiring — | |||||||||||||||||||||||
2016 | 2017 | 2018 | 2019 | Short Term | Long Term | |||||||||||||||||||
SPDR STOXX Europe 50 ETF | $ | — | $ | 5,783,115 | $ | 6,195,941 | $ | 2,032,222 | $ | 123,590 | $ | 6,186,846 | ||||||||||||
SPDR EURO STOXX 50 ETF | — | 6,389,360 | 14,945,357 | 8,709,645 | 2,303,512 | 42,335,859 | ||||||||||||||||||
SPDR S&P Emerging Asia Pacific ETF | — | — | — | — | 1,312,470 | 14,161,878 | ||||||||||||||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR S&P Russia ETF | — | — | — | — | 1,606,561 | 815,018 | ||||||||||||||||||
SPDR S&P China ETF | — | 2,685,375 | 3,455,043 | 20,718,358 | 7,930,197 | 16,159,601 | ||||||||||||||||||
SPDR S&P Emerging Markets ETF | — | — | — | — | — | 4,318,295 | ||||||||||||||||||
SPDR S&P Emerging Markets Dividend ETF | — | — | — | 362,314 | 23,688,436 | 1,609,549 | ||||||||||||||||||
SPDR S&P BRIC 40 ETF | — | 399,946 | 37,661,979 | 9,992,324 | 3,996,266 | 27,879,445 | ||||||||||||||||||
SPDR S&P Emerging Europe ETF | — | 5,912,354 | 8,992,073 | 9,348,438 | 890,145 | 5,814,446 | ||||||||||||||||||
SPDR S&P Emerging Latin America ETF | — | 3,111,522 | 3,011,912 | 2,259,986 | 2,485,720 | 1,698,887 | ||||||||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | — | 1,967,866 | 10,818,456 | 1,720,229 | 587,197 | 5,512,594 | ||||||||||||||||||
SPDR S&P World ex-US ETF | — | — | 2,423,514 | — | — | 1,550,596 |
310
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Non-Expiring — | Non-Expiring — | |||||||||||||||||||||||
2016 | 2017 | 2018 | 2019 | Short Term | Long Term | |||||||||||||||||||
SPDR S&P International Small Cap ETF | $ | — | $ | — | $ | — | $ | — | $ | 4,263,504 | $ | 12,568,678 | ||||||||||||
SPDR Dow Jones International Real Estate ETF | 2,568,760 | 37,378,612 | 162,058,595 | 64,649,806 | 9,925,294 | 218,292,563 | ||||||||||||||||||
SPDR S&P Global Infrastructure ETF | — | 246,762 | 3,044,553 | 1,744,492 | 1,134 | 3,439,838 | ||||||||||||||||||
SPDR S&P Global Natural Resources ETF | — | — | — | — | 7,990,822 | 6,092,675 | ||||||||||||||||||
SPDR MSCI ACWI ex-US ETF | — | 2,856,017 | 36,957,682 | 2,453,209 | 2,779,144 | 12,094,928 | ||||||||||||||||||
SPDR MSCI ACWI IMI ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR MSCI EM 50 ETF | — | — | — | — | 63,202 | — | ||||||||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | — | 367,543 | 574,285 | 91,148 | 5,867 | 173,309 | ||||||||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | — | 1,812,297 | 3,384,327 | 20,536 | — | — | ||||||||||||||||||
SPDR S&P International Dividend ETF | — | — | 13,759,514 | — | 67,258,345 | 31,503,155 | ||||||||||||||||||
SPDR S&P International Mid Cap ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR S&P Emerging Markets Small Cap ETF | — | — | — | — | 20,724,113 | 11,383,030 | ||||||||||||||||||
SPDR Dow Jones Global Real Estate ETF | — | 103,944 | 4,030,131 | 1,089,711 | 2,814,951 | 1,766,583 | ||||||||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | — | — | — | — | 14,577 | 38,653 | ||||||||||||||||||
SPDR S&P International Consumer Staples Sector ETF | — | — | 72,762 | 3,931 | — | — | ||||||||||||||||||
SPDR S&P International Energy Sector ETF | — | 4,624 | 119,106 | 316,377 | — | 185,938 | ||||||||||||||||||
SPDR S&P International Financial Sector ETF | — | 39,777 | 563,054 | 43,972 | 13,091 | 319,324 | ||||||||||||||||||
SPDR S&P International Health Care Sector ETF | — | 64,517 | 3,109 | 41,551 | 41,691 | 69,802 | ||||||||||||||||||
SPDR S&P International Industrial Sector ETF | — | 4,087 | 41,800 | 85,376 | 30,716 | 156,494 | ||||||||||||||||||
SPDR S&P International Materials Sector ETF | — | 65,728 | 154,398 | 205,070 | 48 | 2,353 | ||||||||||||||||||
SPDR S&P International Technology Sector ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR S&P International Telecommunications Sector ETF | — | 2,618 | 97,364 | 213,502 | — | 224,454 | ||||||||||||||||||
SPDR S&P International Utilities Sector ETF | — | 16,137 | 130,798 | 182,287 | — | 462,021 |
During the tax year ended September 30, 2012, the Funds utilized/expired capital loss carryforwards in the following amounts:
Amount Utilized | Amount Expired | |||||||
SPDR STOXX Europe 50 ETF | $ | — | $ | — | ||||
SPDR EURO STOXX 50 ETF | — | — | ||||||
SPDR S&P Emerging Asia Pacific ETF | — | — | ||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | — | — | ||||||
SPDR S&P Russia ETF | — | — | ||||||
SPDR S&P China ETF | — | — | ||||||
SPDR S&P Emerging Markets ETF | — | — | ||||||
SPDR S&P Emerging Markets Dividend ETF | — | — | ||||||
SPDR S&P BRIC 40 ETF | — | — | ||||||
SPDR S&P Emerging Europe ETF | — | — | ||||||
SPDR S&P Emerging Latin America ETF | — | — | ||||||
SPDR S&P Emerging Middle East & Africa ETF | — | — |
311
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Amount Utilized | Amount Expired | |||||||
SPDR S&P World ex-US ETF | $ | — | $ | — | ||||
SPDR S&P International Small Cap ETF | — | — | ||||||
SPDR Dow Jones International Real Estate ETF | — | — | ||||||
SPDR S&P Global Infrastructure ETF | — | — | ||||||
SPDR S&P Global Natural Resources ETF | — | — | ||||||
SPDR MSCI ACWI ex-US ETF | — | — | ||||||
SPDR MSCI ACWI IMI ETF | — | — | ||||||
SPDR MSCI EM 50 ETF | — | — | ||||||
SPDR Russell/Nomura PRIME Japan ETF | — | — | ||||||
SPDR Russell/Nomura Small Cap Japan ETF | 185,565 | — | ||||||
SPDR S&P International Dividend ETF | — | — | ||||||
SPDR S&P International Mid Cap ETF | — | — | ||||||
SPDR S&P Emerging Markets Small Cap ETF | — | — | ||||||
SPDR Dow Jones Global Real Estate ETF | — | — | ||||||
SPDR S&P International Consumer Discretionary Sector ETF | — | — | ||||||
SPDR S&P International Consumer Staples Sector ETF | 23,980 | — | ||||||
SPDR S&P International Energy Sector ETF | — | — | ||||||
SPDR S&P International Financial Sector ETF | — | — | ||||||
SPDR S&P International Health Care Sector ETF | — | — | ||||||
SPDR S&P International Industrial Sector ETF | — | — | ||||||
SPDR S&P International Materials Sector ETF | — | — | ||||||
SPDR S&P International Technology Sector ETF | 5,746 | — | ||||||
SPDR S&P International Telecommunications Sector ETF | — | — | ||||||
SPDR S&P International Utilities Sector 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 STOXX Europe 50 ETF | $ | — | $ | — | ||||
SPDR EURO STOXX 50 ETF | — | — | ||||||
SPDR S&P Emerging Asia Pacific ETF | — | — | ||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | — | — | ||||||
SPDR S&P Russia ETF | — | — | ||||||
SPDR S&P China ETF | — | — | ||||||
SPDR S&P Emerging Markets ETF | — | — | ||||||
SPDR S&P Emerging Markets Dividend ETF | — | — | ||||||
SPDR S&P BRIC 40 ETF | — | — | ||||||
SPDR S&P Emerging Europe ETF | — | — | ||||||
SPDR S&P Emerging Latin America ETF | — | — | ||||||
SPDR S&P Emerging Middle East & Africa ETF | — | — |
312
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Post October | Late Year | |||||||
Capital Loss Deferral | Ordinary Loss Deferral | |||||||
SPDR S&P World ex-US ETF | $ | — | $ | — | ||||
SPDR S&P International Small Cap ETF | — | — | ||||||
SPDR Dow Jones International Real Estate ETF | — | — | ||||||
SPDR S&P Global Infrastructure ETF | — | — | ||||||
SPDR S&P Global Natural Resources ETF | — | — | ||||||
SPDR MSCI ACWI ex-US ETF | — | — | ||||||
SPDR MSCI ACWI IMI ETF | — | — | ||||||
SPDR MSCI EM 50 ETF | — | — | ||||||
SPDR Russell/Nomura PRIME Japan ETF | — | — | ||||||
SPDR Russell/Nomura Small Cap Japan ETF | — | — | ||||||
SPDR S&P International Dividend ETF | — | — | ||||||
SPDR S&P International Mid Cap ETF | — | — | ||||||
SPDR S&P Emerging Markets Small Cap ETF | — | — | ||||||
SPDR Dow Jones Global Real Estate ETF | — | — | ||||||
SPDR S&P International Consumer Discretionary Sector ETF | — | — | ||||||
SPDR S&P International Consumer Staples Sector ETF | — | — | ||||||
SPDR S&P International Energy Sector ETF | — | — | ||||||
SPDR S&P International Financial Sector ETF | — | — | ||||||
SPDR S&P International Health Care Sector ETF | — | — | ||||||
SPDR S&P International Industrial Sector ETF | — | — | ||||||
SPDR S&P International Materials Sector ETF | — | — | ||||||
SPDR S&P International Technology Sector ETF | (188,045 | ) | — | |||||
SPDR S&P International Telecommunications Sector ETF | — | — | ||||||
SPDR S&P International Utilities Sector ETF | — | — |
Distributions
Each Fund declares and distributes dividends from net investment income, if any, to its shareholders quarterly for SPDR STOXX Europe 50 ETF, SPDR EURO STOXX 50 ETF, SPDR S&P Emerging Markets Dividend ETF, SPDR Dow Jones International Real Estate ETF, SPDR S&P International Dividend ETF, SPDR Dow Jones Global Real Estate ETF, SPDR S&P International Consumer Discretionary Sector ETF, SPDR S&P International Consumer Staples Sector ETF, SPDR S&P International Energy Sector ETF, SPDR S&P International Financial Sector ETF, SPDR S&P International Health Care Sector ETF, SPDR S&P International Industrial Sector ETF, SPDR S&P International Materials Sector ETF, SPDR S&P International Technology Sector ETF, SPDR S&P International Telecommunications Sector ETF and SPDR S&P International Utilities Sector ETF. The following Funds distribute net investment income semi-annually: SPDR S&P Emerging Asia Pacific ETF, SPDR S&P Small Cap Emerging Asia Pacific ETF, SPDR S&P Russia ETF, SPDR S&P China ETF, SPDR S&P Emerging Markets ETF, SPDR S&P BRIC 40 ETF, SPDR S&P Emerging Europe ETF, SPDR S&P Emerging Latin America ETF, SPDR S&P Emerging Middle East & Africa ETF, SPDR S&P World ex-US ETF, SPDR S&P International Small Cap ETF, SPDR S&P Global Infrastructure ETF, SPDR S&P Global Natural Resources ETF, SPDR MSCI ACWI ex-US ETF, SPDR MSCI ACWI IMI ETF, SPDR MSCI EM 50 ETF, SPDR Russell/Nomura PRIME Japan ETF, SPDR Russell/Nomura Small Cap Japan ETF, SPDR S&P International Mid Cap ETF and SPDR S&P Emerging Markets Small Cap ETF. 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.
313
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Subsequent Events
Events or transactions occurring after period end through the date the financial statements were issued have been evaluated by management in the preparation of the financial statements and no additional items were noted requiring disclosure or adjustment.
3. | Related Party Fees and Transactions |
Advisory Fee
The Trust, on behalf of 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 quarterly, based on a percentage of each Fund’s average daily net assets as shown in the following table:
Annual Rate | ||||
SPDR STOXX Europe 50 ETF | 0.29 | % | ||
SPDR EURO STOXX 50 ETF | 0.29 | |||
SPDR S&P Emerging Asia Pacific ETF | 0.59 | |||
SPDR S&P Small Cap Emerging Asia Pacific ETF | 0.65 | |||
SPDR S&P Russia ETF | 0.59 | |||
SPDR S&P China ETF | 0.59 | |||
SPDR S&P Emerging Markets ETF | 0.59 | |||
SPDR S&P Emerging Markets Dividend ETF | 0.59 | |||
SPDR S&P BRIC 40 ETF | 0.50 | |||
SPDR S&P Emerging Europe ETF | 0.59 | |||
SPDR S&P Emerging Latin America ETF | 0.59 | |||
SPDR S&P Emerging Middle East & Africa ETF | 0.59 | |||
SPDR S&P World ex-US ETF | 0.34 | |||
SPDR S&P International Small Cap ETF | 0.59 | |||
SPDR Dow Jones International Real Estate ETF | 0.59 | |||
SPDR S&P Global Infrastructure ETF | 0.59 | |||
SPDR S&P Global Natural Resources ETF | 0.40 | |||
SPDR MSCI ACWI ex-US ETF | 0.34 | |||
SPDR MSCI ACWI IMI ETF | 0.25 | |||
SPDR MSCI EM 50 ETF | 0.50 | |||
SPDR Russell/Nomura PRIME Japan ETF | 0.50 | |||
SPDR Russell/Nomura Small Cap Japan ETF | 0.55 | |||
SPDR S&P International Dividend ETF | 0.45 | |||
SPDR S&P International Mid Cap ETF | 0.45 | |||
SPDR S&P Emerging Markets Small Cap ETF | 0.65 | |||
SPDR Dow Jones Global Real Estate ETF | 0.50 | |||
SPDR S&P International Consumer Discretionary Sector ETF | 0.50 | |||
SPDR S&P International Consumer Staples Sector ETF | 0.50 | |||
SPDR S&P International Energy Sector ETF | 0.50 | |||
SPDR S&P International Financial Sector ETF | 0.50 | |||
SPDR S&P International Health Care Sector ETF | 0.50 |
314
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Annual Rate | ||||
SPDR S&P International Industrial Sector ETF | 0.50 | % | ||
SPDR S&P International Materials Sector ETF | 0.50 | |||
SPDR S&P International Technology Sector ETF | 0.50 | |||
SPDR S&P International Telecommunications Sector ETF | 0.50 | |||
SPDR S&P International Utilities Sector ETF | 0.50 |
The Adviser pays all operating expenses of each Fund other than the advisory fee, brokerage, taxes, interest, fees and expenses of the Independent Trustees (including any Trustee’s counsel fees), litigation expenses, acquired fund fees and expenses and other extraordinary expenses.
State Street Bank and Trust Company (“State Street”), an affiliate of the Adviser, receives fees for its services as Custodian, Administrator and Transfer Agent from the Adviser.
State Street also acts as the securities lending agent for the Funds, 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 period ended March 31, 2013, State Street earned securities lending agent fees from the following Funds:
Securities Lending | ||||
Agent Fees | ||||
SPDR STOXX Europe 50 ETF | $ | 1,200 | ||
SPDR EURO STOXX 50 ETF | 61,467 | |||
SPDR S&P Emerging Asia Pacific ETF | 20,755 | |||
SPDR S&P Small Cap Emerging Asia Pacific ETF | 247 | |||
SPDR S&P Russia ETF | 61 | |||
SPDR S&P China ETF | 146,540 | |||
SPDR S&P Emerging Markets ETF | 5,207 | |||
SPDR S&P Emerging Markets Dividend ETF | 57,209 | |||
SPDR S&P BRIC 40 ETF | 6,694 | |||
SPDR S&P Emerging Europe ETF | 983 | |||
SPDR S&P Emerging Latin America ETF | 3,763 | |||
SPDR S&P Emerging Middle East & Africa ETF | 2,309 | |||
SPDR S&P World ex-US ETF | 22,595 | |||
SPDR S&P International Small Cap ETF | 74,360 | |||
SPDR Dow Jones International Real Estate ETF | 69,751 | |||
SPDR S&P Global Infrastructure ETF | 1,798 | |||
SPDR S&P Global Natural Resources ETF | 12,585 | |||
SPDR MSCI ACWI ex-US ETF | 17,523 | |||
SPDR MSCI ACWI IMI ETF | 2 | |||
SPDR Russell/Nomura PRIME Japan ETF | 594 | |||
SPDR Russell/Nomura Small Cap Japan ETF | 6,110 |
315
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Securities Lending | ||||
Agent Fees | ||||
SPDR S&P International Dividend ETF | $ | 173,841 | ||
SPDR S&P International Mid Cap ETF | 2,150 | |||
SPDR S&P Emerging Markets Small Cap ETF | 195,196 | |||
SPDR Dow Jones Global Real Estate ETF | 9,912 | |||
SPDR S&P International Consumer Discretionary Sector ETF | 190 | |||
SPDR S&P International Consumer Staples Sector ETF | 469 | |||
SPDR S&P International Energy Sector ETF | 637 | |||
SPDR S&P International Financial Sector ETF | 231 | |||
SPDR S&P International Health Care Sector ETF | 337 | |||
SPDR S&P International Industrial Sector ETF | 352 | |||
SPDR S&P International Materials Sector ETF | 142 | |||
SPDR S&P International Technology Sector ETF | 705 | |||
SPDR S&P International Telecommunications Sector ETF | 488 | |||
SPDR S&P International Utilities Sector ETF | 1,043 |
Distributor
State Street Global Markets, LLC (the “Distributor”), an affiliate of the Adviser, acts as the principal underwriter of each Fund pursuant to a principal underwriting contract with the Trust. The Distributor may enter into agreements with other broker-dealers (affiliated and non-affiliated) and other financial institutions to authorize them to sell Shares.
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 Series Trust pay, in the aggregate, each Independent Trustee an annual fee of $150,000 plus $10,000 per in-person meeting attended and $1,250 for each telephonic or video conference meeting attended. The Chairman of the Board receives an additional annual fee of $50,000 and the Chairman of the Audit Committee receives an additional annual fee of $20,000. The Trust also reimburses each Independent Trustee for travel and other out-of-pocket expenses incurred by him/her in connection with attending such meetings and in connection with attending industry seminars and meetings. Trustee fees are allocated among the Trusts and each of their respective series in such a manner as deemed equitable, taking into consideration the relative net assets of the series.
Transactions with Affiliates
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
316
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
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 March 31, 2013 and for the period then ended are:
Value at | Purchased | Sold | Value at | |||||||||||||||||||||||||
Liquid Reserves Fund | 9/30/12 | Cost | Shares | Proceeds | Shares | 3/31/13 | Income | |||||||||||||||||||||
SPDR STOXX Europe 50 ETF | $ | 191,917 | $ | 719,107 | 719,107 | $ | 907,038 | 907,038 | $ | 3,986 | $ | 29 | ||||||||||||||||
SPDR EURO STOXX 50 ETF | 4,222,505 | 11,505,879 | 11,505,879 | 15,692,853 | 15,692,853 | 35,531 | 330 | |||||||||||||||||||||
SPDR S&P Emerging Asia Pacific ETF | 3,195,263 | 12,762,636 | 12,762,636 | 15,443,583 | 15,443,583 | 514,316 | 857 | |||||||||||||||||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | 100 | 256,302 | 256,302 | 247,749 | 247,749 | 8,653 | 20 | |||||||||||||||||||||
SPDR S&P Russia ETF | 537,150 | 1,792,782 | 1,792,782 | 1,975,550 | 1,975,550 | 354,382 | 169 | |||||||||||||||||||||
SPDR S&P China ETF | 745,106 | 9,789,675 | 9,789,675 | 9,466,330 | 9,466,330 | 1,068,451 | 916 | |||||||||||||||||||||
SPDR S&P Emerging Markets ETF | 846,305 | 16,128,431 | 16,128,431 | 14,116,689 | 14,116,689 | 2,858,047 | 1,467 | |||||||||||||||||||||
SPDR S&P Emerging Markets Dividend ETF | 7,076,913 | 39,927,103 | 39,927,103 | 46,288,278 | 46,288,278 | 715,738 | 648 | |||||||||||||||||||||
SPDR S&P BRIC 40 ETF | 168,879 | 5,705,590 | 5,705,590 | 5,044,239 | 5,044,239 | 830,230 | 318 | |||||||||||||||||||||
SPDR S&P Emerging Europe ETF | 100 | 3,452,282 | 3,452,282 | 3,239,826 | 3,239,826 | 212,556 | 199 | |||||||||||||||||||||
SPDR S&P Emerging Latin America ETF | 229,358 | 6,357,587 | 6,357,587 | 6,373,764 | 6,373,764 | 213,181 | 240 | |||||||||||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 93,201 | 1,900,624 | 1,900,624 | 1,946,140 | 1,946,140 | 47,685 | 194 | |||||||||||||||||||||
SPDR S&P World ex-US ETF | 332,197 | 7,090,967 | 7,090,967 | 5,875,324 | 5,875,324 | 1,547,840 | 515 | |||||||||||||||||||||
SPDR S&P International Small Cap ETF | 1,771,925 | 25,438,483 | 25,438,483 | 26,538,472 | 26,538,472 | 671,936 | 1,489 | |||||||||||||||||||||
SPDR Dow Jones International Real Estate ETF | 28,395,898 | 192,117,334 | 192,117,334 | 220,435,354 | 220,435,354 | 77,878 | 6,629 | |||||||||||||||||||||
SPDR S&P Global Infrastructure ETF | 97,634 | 2,643,311 | 2,643,311 | 2,608,737 | 2,608,737 | 132,208 | 83 | |||||||||||||||||||||
SPDR S&P Global Natural Resources ETF | 691,439 | 8,983,131 | 8,983,131 | 8,457,823 | 8,457,823 | 1,216,747 | 774 | |||||||||||||||||||||
SPDR MSCI ACWI ex-US ETF | 308,689 | 6,836,410 | 6,836,410 | 6,318,673 | 6,318,673 | 826,426 | 285 | |||||||||||||||||||||
SPDR MSCI ACWI IMI ETF | 27,030 | 98,179 | 98,179 | 88,599 | 88,599 | 36,610 | 28 | |||||||||||||||||||||
SPDR MSCI EM 50 ETF | 6,699 | 219,881 | 219,881 | 225,359 | 225,359 | 1,221 | 4 | |||||||||||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 15,805 | 236,217 | 236,217 | 238,473 | 238,473 | 13,549 | 21 | |||||||||||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 332,216 | 462,548 | 462,548 | 791,723 | 791,723 | 3,041 | 160 | |||||||||||||||||||||
SPDR S&P International Dividend ETF | 12,374,746 | 39,792,138 | 39,792,138 | 51,885,059 | 51,885,059 | 281,825 | 1,453 | |||||||||||||||||||||
SPDR S&P International Mid Cap ETF | 4,149 | 1,000,122 | 1,000,122 | 990,620 | 990,620 | 13,651 | 25 | |||||||||||||||||||||
SPDR S&P Emerging Markets Small Cap ETF | 100 | 42,505,426 | 42,505,426 | 41,142,452 | 41,142,452 | 1,363,074 | 2,417 | |||||||||||||||||||||
SPDR Dow Jones Global Real Estate ETF | 4,618,351 | 26,899,683 | 26,899,683 | 31,035,611 | 31,035,611 | 482,423 | 1,160 | |||||||||||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 17,545 | 183,024 | 183,024 | 178,559 | 178,559 | 22,010 | 9 | |||||||||||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 119,841 | 821,420 | 821,420 | 806,473 | 806,473 | 134,788 | 53 | |||||||||||||||||||||
SPDR S&P International Energy Sector ETF | 91,062 | 267,430 | 267,430 | 355,868 | 355,868 | 2,624 | 11 | |||||||||||||||||||||
SPDR S&P International Financial Sector ETF | 19,287 | 227,243 | 227,243 | 232,756 | 232,756 | 13,774 | 14 | |||||||||||||||||||||
SPDR S&P International Health Care Sector ETF | 49,480 | 371,177 | 371,177 | 413,493 | 413,493 | 7,164 | 16 | |||||||||||||||||||||
SPDR S&P International Industrial Sector ETF | 18,957 | 330,994 | 330,994 | 305,451 | 305,451 | 44,500 | 18 | |||||||||||||||||||||
SPDR S&P International Materials Sector ETF | 54,326 | 177,424 | 177,424 | 221,666 | 221,666 | 10,084 | 10 | |||||||||||||||||||||
SPDR S&P International Technology Sector ETF | 56,574 | 240,015 | 240,015 | 223,235 | 223,235 | 73,354 | 28 | |||||||||||||||||||||
SPDR S&P International Telecommunications Sector ETF | 340,375 | 302,520 | 302,520 | 623,379 | 623,379 | 19,516 | 35 | |||||||||||||||||||||
SPDR S&P International Utilities Sector ETF | 228,812 | 436,931 | 436,931 | 651,784 | 651,784 | 13,959 | 35 |
Value at | Purchased | Sold | Value at | |||||||||||||||||||||||||
Prime Portfolio | 9/30/12 | Cost | Shares | Proceeds | Shares | 3/31/13 | Income | |||||||||||||||||||||
SPDR STOXX Europe 50 ETF | $ | 752,366 | $ | 7,295,416 | 7,295,416 | $ | 8,047,782 | 8,047,782 | $ | — | $ | 6,803 | ||||||||||||||||
SPDR EURO STOXX 50 ETF | 51,714,846 | 252,732,235 | 252,732,235 | 304,447,081 | 304,447,081 | — | 348,307 |
317
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Value at | Purchased | Sold | Value at | |||||||||||||||||||||||||
Prime Portfolio | 9/30/12 | Cost | Shares | Proceeds | Shares | 3/31/13 | Income | |||||||||||||||||||||
SPDR S&P Emerging Asia Pacific ETF | $ | 25,651,515 | $ | 36,401,834 | 36,401,834 | $ | 38,266,002 | 38,266,002 | $ | 23,787,347 | $ | 117,506 | ||||||||||||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | 33,997 | 165,514 | 165,514 | 110,071 | 110,071 | 89,440 | 1,391 | |||||||||||||||||||||
SPDR S&P Russia ETF | 367,020 | 3,173,809 | 3,173,809 | 3,389,151 | 3,389,151 | 151,678 | 349 | |||||||||||||||||||||
SPDR S&P China ETF | 133,083,476 | 164,389,989 | 164,389,989 | 153,223,182 | 153,223,182 | 144,250,283 | 825,762 | |||||||||||||||||||||
SPDR S&P Emerging Markets ETF | 9,456,178 | 29,991,638 | 29,991,638 | 26,655,712 | 26,655,712 | 12,792,104 | 29,503 | |||||||||||||||||||||
SPDR S&P Emerging Markets Dividend ETF | 28,742,094 | 115,235,825 | 115,235,825 | 95,702,306 | 95,702,306 | 48,275,613 | 323,462 | |||||||||||||||||||||
SPDR S&P BRIC 40 ETF | 37,126,518 | 63,141,006 | 63,141,006 | 78,921,527 | 78,921,527 | 21,345,997 | 37,921 | |||||||||||||||||||||
SPDR S&P Emerging Europe ETF | 1,703,341 | 16,458,326 | 16,458,326 | 16,609,996 | 16,609,996 | 1,551,671 | 5,565 | |||||||||||||||||||||
SPDR S&P Emerging Latin America ETF | 12,474,233 | 49,517,389 | 49,517,389 | 50,869,560 | 50,869,560 | 11,122,062 | 21,004 | |||||||||||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 7,443,236 | 12,278,456 | 12,278,456 | 10,941,935 | 10,941,935 | 8,779,757 | 13,090 | |||||||||||||||||||||
SPDR S&P World ex-US ETF | 46,696,155 | 87,678,360 | 87,678,360 | 88,144,100 | 88,144,100 | 46,230,415 | 125,473 | |||||||||||||||||||||
SPDR S&P International Small Cap ETF | 75,674,265 | 83,405,155 | 83,405,155 | 75,879,721 | 75,879,721 | 83,199,699 | 421,347 | |||||||||||||||||||||
SPDR Dow Jones International Real Estate ETF | 115,240,095 | 533,240,760 | 533,240,760 | 484,288,461 | 484,288,461 | 164,192,394 | 392,555 | |||||||||||||||||||||
SPDR S&P Global Infrastructure ETF | 7,211,101 | 42,350,567 | 42,350,567 | 40,045,338 | 40,045,338 | 9,516,330 | 10,089 | |||||||||||||||||||||
SPDR S&P Global Natural Resources ETF | 38,015,474 | 177,128,113 | 177,128,113 | 183,663,917 | 183,663,917 | 31,479,670 | 70,194 | |||||||||||||||||||||
SPDR MSCI ACWI ex-US ETF | 41,429,188 | 62,028,131 | 62,028,131 | 70,466,843 | 70,466,843 | 32,990,476 | 97,588 | |||||||||||||||||||||
SPDR MSCI ACWI IMI ETF | — | 357,826 | 357,826 | — | — | 357,826 | 12 | |||||||||||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 4,145,222 | 7,609,720 | 7,609,720 | 7,943,827 | 7,943,827 | 3,811,115 | 3,356 | |||||||||||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 15,172,472 | 13,838,170 | 13,838,170 | 15,380,955 | 15,380,955 | 13,629,687 | 34,635 | |||||||||||||||||||||
SPDR S&P International Dividend ETF | 94,354,018 | 230,552,489 | 230,552,489 | 235,297,674 | 235,297,674 | 89,608,833 | 981,640 | |||||||||||||||||||||
SPDR S&P International Mid Cap ETF | 5,053,842 | 6,462,037 | 6,462,037 | 6,247,980 | 6,247,980 | 5,267,899 | 12,105 | |||||||||||||||||||||
SPDR S&P Emerging Markets Small Cap ETF | 36,609,130 | 67,843,291 | 67,843,291 | 52,669,451 | 52,669,451 | 51,782,970 | 673,984 | |||||||||||||||||||||
SPDR Dow Jones Global Real Estate ETF | 33,497,599 | 157,950,945 | 157,950,945 | 118,071,751 | 118,071,751 | 73,376,793 | 56,153 | |||||||||||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 93,078 | 1,036,492 | 1,036,492 | 829,364 | 829,364 | 300,206 | 1,053 | |||||||||||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 251,690 | 2,657,022 | 2,657,022 | 2,510,752 | 2,510,752 | 397,960 | 2,496 | |||||||||||||||||||||
SPDR S&P International Energy Sector ETF | 374,253 | 5,050,091 | 5,050,091 | 4,708,931 | 4,708,931 | 715,413 | 3,566 | |||||||||||||||||||||
SPDR S&P International Financial Sector ETF | 174,481 | 1,213,576 | 1,213,576 | 991,421 | 991,421 | 396,636 | 1,194 | |||||||||||||||||||||
SPDR S&P International Health Care Sector ETF | 81,301 | 1,375,094 | 1,375,094 | 1,122,838 | 1,122,838 | 333,557 | 1,907 | |||||||||||||||||||||
SPDR S&P International Industrial Sector ETF | — | 1,086,275 | 1,086,275 | 764,693 | 764,693 | 321,582 | 1,993 | |||||||||||||||||||||
SPDR S&P International Materials Sector ETF | 50,009 | 1,668,494 | 1,668,494 | 1,254,789 | 1,254,789 | 463,714 | 754 | |||||||||||||||||||||
SPDR S&P International Technology Sector ETF | 95,113 | 2,200,638 | 2,200,638 | 1,851,572 | 1,851,572 | 444,179 | 3,994 | |||||||||||||||||||||
SPDR S&P International Telecommunications Sector ETF | 435,398 | 3,595,088 | 3,595,088 | 3,185,207 | 3,185,207 | 845,279 | 2,768 | |||||||||||||||||||||
SPDR S&P International Utilities Sector ETF | 956,439 | 5,372,958 | 5,372,958 | 5,970,179 | 5,970,179 | 359,218 | 5,720 |
4. | Shareholder Transactions |
Shares are issued and redeemed by a Fund only in Creation Unit size aggregations of 50,000 shares for SPDR STOXX Europe 50 ETF, SPDR EURO STOXX 50 ETF, SPDR S&P Small Cap Emerging Asia Pacific ETF, SPDR S&P Russia ETF, SPDR S&P Emerging Markets Dividend ETF, SPDR S&P Global Natural Resources ETF, SPDR MSCI EM 50 ETF, SPDR Russell/Nomura Small Cap Japan ETF, SPDR S&P International Mid Cap ETF, SPDR S&P International Consumer Discretionary Sector ETF, SPDR S&P International Consumer Staples Sector ETF, SPDR S&P International Energy Sector ETF, SPDR S&P International Financial Sector ETF, SPDR S&P International Health Care Sector ETF, SPDR S&P International Industrial Sector ETF, SPDR S&P International Materials Sector ETF, SPDR S&P International Technology Sector ETF, SPDR S&P International Telecommunications Sector ETF and SPDR S&P International Utilities Sector ETF and 100,000 shares for SPDR S&P Emerging Asia Pacific ETF, SPDR S&P China ETF, SPDR S&P Emerging Markets ETF, SPDR S&P BRIC
318
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
40 ETF, SPDR S&P Emerging Europe ETF, SPDR S&P Emerging Latin America ETF, SPDR S&P Emerging Middle East & Africa ETF, SPDR S&P International Small Cap ETF, SPDR Dow Jones International Real Estate ETF, SPDR S&P Global Infrastructure ETF, SPDR MSCI ACWI IMI ETF, SPDR S&P International Dividend ETF, SPDR S&P Emerging Markets Small Cap ETF and SPDR Dow Jones Global Real Estate ETF and 200,000 shares for SPDR S&P World ex-US ETF, SPDR MSCI ACWI ex-US ETF and SPDR Russell/Nomura PRIME Japan ETF. 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 Funds on the transaction date. Transaction fees ranging from $500 to $12,000 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 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 used to defray related expenses. The Custodian also receives amounts earned on cash collateral provided by Authorized Participants pending delivery of missing deposit securities.
5. | Aggregate Unrealized Appreciation and Depreciation |
The identified cost of investments in securities owned by each Fund for federal income tax purposes and the gross unrealized appreciation and depreciation at March 31, 2013 was as follows:
Gross | Gross | Net Unrealized | ||||||||||||||
Identified | Unrealized | Unrealized | Appreciation | |||||||||||||
Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
SPDR STOXX Europe 50 ETF | $ | 60,621,169 | $ | 4,830,215 | $ | 10,244,718 | $ | (5,414,503 | ) | |||||||
SPDR EURO STOXX 50 ETF | 1,784,449,365 | 119,211,555 | 83,885,985 | 35,325,570 | ||||||||||||
SPDR S&P Emerging Asia Pacific ETF | 500,319,096 | 85,938,724 | 58,821,367 | 27,117,357 | ||||||||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | 1,974,249 | 435,069 | 147,508 | 287,561 | ||||||||||||
SPDR S&P Russia ETF | 46,718,975 | 881,017 | 11,861,104 | (10,980,087 | ) | |||||||||||
SPDR S&P China ETF | 1,288,926,426 | 61,043,750 | 107,137,759 | (46,094,009 | ) | |||||||||||
SPDR S&P Emerging Markets ETF | 238,286,913 | 26,240,485 | 30,525,409 | (4,284,924 | ) | |||||||||||
SPDR S&P Emerging Markets Dividend ETF | 567,530,584 | 26,113,246 | 41,981,283 | (15,868,037 | ) | |||||||||||
SPDR S&P BRIC 40 ETF | 336,480,608 | 19,709,747 | 50,715,891 | (31,006,144 | ) | |||||||||||
SPDR S&P Emerging Europe ETF | 117,501,536 | 8,633,629 | 33,386,515 | (24,752,886 | ) | |||||||||||
SPDR S&P Emerging Latin America ETF | 138,175,245 | 20,497,682 | 36,878,847 | (16,381,165 | ) | |||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 91,169,406 | 9,993,453 | 19,011,310 | (9,017,857 | ) | |||||||||||
SPDR S&P World ex-US ETF | 567,518,627 | 72,735,134 | 19,448,659 | 53,286,475 | ||||||||||||
SPDR S&P International Small Cap ETF | 827,122,691 | 105,540,096 | 110,213,250 | (4,673,154 | ) | |||||||||||
SPDR Dow Jones International Real Estate ETF | 3,384,175,885 | 684,672,546 | 45,552,746 | 639,119,800 | ||||||||||||
SPDR S&P Global Infrastructure ETF | 87,198,445 | 6,731,939 | 12,794,338 | (6,062,399 | ) | |||||||||||
SPDR S&P Global Natural Resources ETF | 603,279,874 | 31,792,808 | 47,397,529 | (15,604,721 | ) | |||||||||||
SPDR MSCI ACWI ex-US ETF | 491,434,168 | 48,028,178 | 82,927,862 | (34,899,684 | ) | |||||||||||
SPDR MSCI ACWI IMI ETF | 5,332,914 | 708,298 | 269,925 | 438,373 | ||||||||||||
SPDR MSCI EM 50 ETF | 2,438,528 | 156,156 | 239,569 | (83,413 | ) | |||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 22,619,821 | 868,895 | 3,427,889 | (2,558,994 | ) | |||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 93,318,423 | 6,943,357 | 15,533,328 | (8,589,971 | ) | |||||||||||
SPDR S&P International Dividend ETF | 1,389,901,587 | 96,619,750 | 80,833,815 | 15,785,935 | ||||||||||||
SPDR S&P International Mid Cap ETF | 38,550,508 | 5,289,356 | 2,431,664 | 2,857,692 | ||||||||||||
SPDR S&P Emerging Markets Small Cap ETF | 1,008,295,550 | 139,591,308 | 190,513,718 | (50,922,410 | ) | |||||||||||
SPDR Dow Jones Global Real Estate ETF | 845,214,248 | 147,395,270 | 2,663,428 | 144,731,842 |
319
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Gross | Gross | Net Unrealized | ||||||||||||||
Identified | Unrealized | Unrealized | Appreciation | |||||||||||||
Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | $ | 9,521,008 | $ | 1,197,182 | $ | 748,373 | $ | 448,809 | ||||||||
SPDR S&P International Consumer Staples Sector ETF | 33,392,833 | 4,315,548 | 736,944 | 3,578,604 | ||||||||||||
SPDR S&P International Energy Sector ETF | 13,529,415 | 393,231 | 2,312,063 | (1,918,832 | ) | |||||||||||
SPDR S&P International Financial Sector ETF | 9,088,525 | 427,420 | 1,268,122 | (840,702 | ) | |||||||||||
SPDR S&P International Health Care Sector ETF | 29,209,868 | 4,849,237 | 413,227 | 4,436,010 | ||||||||||||
SPDR S&P International Industrial Sector ETF | 12,150,224 | 671,305 | 1,549,733 | (878,428 | ) | |||||||||||
SPDR S&P International Materials Sector ETF | 13,418,982 | 298,275 | 4,053,803 | (3,755,528 | ) | |||||||||||
SPDR S&P International Technology Sector ETF | 16,944,304 | 2,884,808 | 2,988,688 | (103,880 | ) | |||||||||||
SPDR S&P International Telecommunications Sector ETF | 32,658,875 | 2,723,945 | 3,497,740 | (773,795 | ) | |||||||||||
SPDR S&P International Utilities Sector ETF | 30,766,135 | 1,662,706 | 5,278,547 | (3,615,841 | ) |
6. | Investment Transactions |
For the six months ended March 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 STOXX Europe 50 ETF | $ | 15,132,701 | $ | — | $ | — | ||||||
SPDR EURO STOXX 50 ETF | 811,421,474 | 22,657,587 | 5,575,147 | |||||||||
SPDR S&P Emerging Asia Pacific ETF | 63,518,061 | 4,316,568 | 105,416 | |||||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | — | — | — | |||||||||
SPDR S&P Russia ETF | 4,142,413 | 7,063,350 | (262,664 | ) | ||||||||
SPDR S&P China ETF | 341,156,963 | 49,238,953 | 11,347,523 | |||||||||
SPDR S&P Emerging Markets ETF | 45,953,622 | 9,037,534 | 1,381,084 | |||||||||
SPDR S&P Emerging Markets Dividend ETF | 116,881,519 | — | — | |||||||||
SPDR S&P BRIC 40 ETF | 16,789,933 | 33,996,590 | 5,339,640 | |||||||||
SPDR S&P Emerging Europe ETF | 10,369,232 | 6,675,234 | 634,830 | |||||||||
SPDR S&P Emerging Latin America ETF | 10,359,674 | 14,856,696 | 420,774 | |||||||||
SPDR S&P Emerging Middle East & Africa ETF | — | 12,758,362 | 1,273,795 | |||||||||
SPDR S&P World ex-US ETF | 124,401,767 | — | — | |||||||||
SPDR S&P International Small Cap ETF | 49,007,246 | 58,615,988 | 12,145,026 | |||||||||
SPDR Dow Jones International Real Estate ETF | 432,886,956 | — | — | |||||||||
SPDR S&P Global Infrastructure ETF | 4,106,856 | — | — | |||||||||
SPDR S&P Global Natural Resources ETF | 185,988,558 | 32,711,905 | 4,408,092 | |||||||||
SPDR MSCI ACWI ex-US ETF | 44,809,151 | 30,686,681 | 2,916,233 | |||||||||
SPDR MSCI ACWI IMI ETF | — | — | — | |||||||||
SPDR MSCI EM 50 ETF | — | 2,149,451 | (101,149 | ) | ||||||||
SPDR Russell/Nomura PRIME Japan ETF | 7,782,936 | 8,159,853 | 1,657,414 | |||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 2,380,848 | 4,088,375 | (791,293 | ) | ||||||||
SPDR S&P International Dividend ETF | 240,948,942 | — | — | |||||||||
SPDR S&P International Mid Cap ETF | 1,402,354 | 3,800,117 | 470,764 |
320
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Realized | ||||||||||||
Contributions | Redemptions | Gain/(Loss) | ||||||||||
SPDR S&P Emerging Markets Small Cap ETF | $ | — | $ | 25,952,167 | $ | 2,456,764 | ||||||
SPDR Dow Jones Global Real Estate ETF | 311,458,458 | — | — | |||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 2,968,077 | — | — | |||||||||
SPDR S&P International Consumer Staples Sector ETF | 14,606,673 | — | — | |||||||||
SPDR S&P International Energy Sector ETF | — | — | — | |||||||||
SPDR S&P International Financial Sector ETF | 3,897,705 | — | — | |||||||||
SPDR S&P International Health Care Sector ETF | 1,783,190 | — | — | |||||||||
SPDR S&P International Industrial Sector ETF | 3,763,561 | 2,498,146 | (424,298 | ) | ||||||||
SPDR S&P International Materials Sector ETF | — | 2,525,625 | (409,980 | ) | ||||||||
SPDR S&P International Technology Sector ETF | 3,915,892 | — | — | |||||||||
SPDR S&P International Telecommunications Sector ETF | 5,593,346 | — | — | |||||||||
SPDR S&P International Utilities Sector ETF | 1,626,796 | — | — |
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 March 31, 2013, the Trust had purchases and sales of investment securities as follows:
Purchases | Sales | |||||||
SPDR STOXX Europe 50 ETF | $ | 1,635,247 | $ | 1,836,885 | ||||
SPDR EURO STOXX 50 ETF | 45,433,248 | 43,976,157 | ||||||
SPDR S&P Emerging Asia Pacific ETF | 54,050,482 | 12,427,466 | ||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | 3,799 | 234,044 | ||||||
SPDR S&P Russia ETF | — | 978,701 | ||||||
SPDR S&P China ETF | 25,259,516 | 27,735,766 | ||||||
SPDR S&P Emerging Markets ETF | 28,427,008 | 9,712,882 | ||||||
SPDR S&P Emerging Markets Dividend ETF | 225,143,277 | 144,280,773 | ||||||
SPDR S&P BRIC 40 ETF | 25,139,043 | 27,305,304 | ||||||
SPDR S&P Emerging Europe ETF | 2,953,409 | 3,327,817 | ||||||
SPDR S&P Emerging Latin America ETF | 5,426,461 | 7,747,511 | ||||||
SPDR S&P Emerging Middle East & Africa ETF | 68,044 | 1,772,201 | ||||||
SPDR S&P World ex-US ETF | 2,802,529 | 3,779,151 | ||||||
SPDR S&P International Small Cap ETF | 148,547,910 | 149,633,813 | ||||||
SPDR Dow Jones International Real Estate ETF | 143,297,942 | 257,867,964 | ||||||
SPDR S&P Global Infrastructure ETF | 2,866,435 | 5,011,540 | ||||||
SPDR S&P Global Natural Resources ETF | 66,432,315 | 66,143,696 | ||||||
SPDR MSCI ACWI ex-US ETF | 4,473,556 | 6,772,505 | ||||||
SPDR MSCI ACWI IMI ETF | 2,346 | 14,344 | ||||||
SPDR MSCI EM 50 ETF | 63,379 | 322,093 | ||||||
SPDR Russell/Nomura PRIME Japan ETF | 119,040 | 58,387 | ||||||
SPDR Russell/Nomura Small Cap Japan ETF | 7,839,692 | 6,258,619 | ||||||
SPDR S&P International Dividend ETF | 671,732,398 | 668,327,348 |
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NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
Purchases | Sales | |||||||
SPDR S&P International Mid Cap ETF | $ | 4,163,944 | $ | 4,930,603 | ||||
SPDR S&P Emerging Markets Small Cap ETF | 16,351,126 | 56,164,982 | ||||||
SPDR Dow Jones Global Real Estate ETF | 23,607,757 | 30,452,774 | ||||||
SPDR S&P International Consumer Discretionary Sector ETF | 173,869 | 24,393 | ||||||
SPDR S&P International Consumer Staples Sector ETF | 373,883 | 70,831 | ||||||
SPDR S&P International Energy Sector ETF | 188,477 | 196,500 | ||||||
SPDR S&P International Financial Sector ETF | 95,494 | 231,119 | ||||||
SPDR S&P International Health Care Sector ETF | — | 69,026 | ||||||
SPDR S&P International Industrial Sector ETF | 322,562 | 130,872 | ||||||
SPDR S&P International Materials Sector ETF | 643,800 | 621,904 | ||||||
SPDR S&P International Technology Sector ETF | 629,198 | 546,617 | ||||||
SPDR S&P International Telecommunications Sector ETF | 887,884 | 588,150 | ||||||
SPDR S&P International Utilities Sector ETF | 49,472 | 228,276 |
For the six months ended March 31, 2013, the Trust did not pay any commissions to an affiliate of the Adviser for investment transactions.
7. | Concentration of Risk |
The Funds’ assets may be concentrated in one or more foreign countries. By concentrating their assets in a single country or group of countries, the Funds are subject to the risk that economic, political or other conditions that have a negative effect on that country or group of countries will negatively impact the Funds to a greater extent than if the Funds’ assets were invested in a wider variety of countries. In addition, the Funds’ assets may be concentrated in certain industries, subjecting them to greater risk than Funds that invest in a wider range 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 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 March 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.
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SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2013 (Unaudited)
9. Recent Accounting Pronouncements
In December 2011, FASB issued ASU No. 2011-11 “Disclosures about Offsetting Assets and Liabilities.” These common disclosure requirements are intended to help investors and other financial statement users to better assess the effect or potential effect of offsetting arrangements on a portfolio’s financial position. They also improve transparency in the reporting of how companies mitigate credit risk, including disclosure of related collateral pledged or received. In addition, ASU 2011-11 facilitates comparison between those entities that prepare their financial statements on the basis of U.S. GAAP and those entities that prepare their financial statements on the basis of International Financial Reporting Standards. ASU 2011-11 requires entities to disclose both gross and net information about both instruments and transactions eligible for offset in the financial position; and disclose instruments and transactions subject to an agreement similar to a master netting agreement. ASU 2011-11 is effective for fiscal years beginning on or after January 1, 2013, and interim periods within those annual periods. Management is currently evaluating the implications of ASU 2011-11 and its impact on financial statement disclosures.
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SPDR INDEX SHARES FUNDS
OTHER INFORMATION
OTHER INFORMATION
March 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.
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 October 1, 2012 and held for the six months ended March 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. Transaction fees at scheduled amounts ranging from $500 to $12,000 per Creation Unit are charged 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 | 10/1/12 to | |||||||||||||
Actual | Expense Ratio | 10/1/12 | 3/31/13 | 3/31/13 | ||||||||||||
SPDR STOXX Europe 50 ETF | 0.29 | % | $ | 1,000 | $ | 1,083.70 | $ | 1.51 | ||||||||
SPDR EURO STOXX 50 ETF | 0.29 | 1,000 | 1,073.40 | 1.50 | ||||||||||||
SPDR S&P Emerging Asia Pacific ETF | 0.60 | 1,000 | 1,047.50 | 3.06 | ||||||||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | 0.65 | 1,000 | 1,085.40 | 3.38 | ||||||||||||
SPDR S&P Russia ETF | 0.61 | 1,000 | 978.20 | 3.01 | ||||||||||||
SPDR S&P China ETF | 0.59 | 1,000 | 1,073.20 | 3.05 | ||||||||||||
SPDR S&P Emerging Markets ETF | 0.59 | 1,000 | 1,037.10 | 3.00 | ||||||||||||
SPDR S&P Emerging Markets Dividend ETF | 0.60 | 1,000 | 1,035.50 | 3.04 |
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SPDR INDEX SHARES FUNDS
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
March 31, 2013 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 10/1/12 to | |||||||||||||
Actual | Expense Ratio | 10/1/12 | 3/31/13 | 3/31/13 | ||||||||||||
SPDR S&P BRIC 40 ETF | 0.50 | % | $ | 1,000 | $ | 1,021.10 | $ | 2.52 | ||||||||
SPDR S&P Emerging Europe ETF | 0.59 | 1,000 | 1,019.00 | 2.97 | ||||||||||||
SPDR S&P Emerging Latin America ETF | 0.60 | 1,000 | 1,051.30 | 3.07 | ||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 0.59 | 1,000 | 963.10 | 2.89 | ||||||||||||
SPDR S&P World ex-US ETF | 0.34 | 1,000 | 1,103.50 | 1.78 | ||||||||||||
SPDR S&P International Small Cap ETF | 0.59 | 1,000 | 1,128.90 | 3.13 | ||||||||||||
SPDR Dow Jones International Real Estate ETF | 0.59 | 1,000 | 1,137.90 | 3.14 | ||||||||||||
SPDR S&P Global Infrastructure ETF | 0.59 | 1,000 | 1,057.30 | 3.03 | ||||||||||||
SPDR S&P Global Natural Resources ETF | 0.40 | 1,000 | 997.00 | 1.99 | ||||||||||||
SPDR MSCI ACWI ex-US ETF | 0.34 | 1,000 | 1,089.50 | 1.77 | ||||||||||||
SPDR MSCI ACWI IMI ETF | 0.25 | 1,000 | 1,104.30 | 1.31 | ||||||||||||
SPDR MSCI EM 50 ETF | 0.50 | 1,000 | 1,011.10 | 2.51 | ||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 0.50 | 1,000 | 1,166.30 | 2.70 | ||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 0.55 | 1,000 | 1,169.00 | 2.97 | ||||||||||||
SPDR S&P International Dividend ETF | 0.45 | 1,000 | 1,086.10 | 2.34 | ||||||||||||
SPDR S&P International Mid Cap ETF | 0.45 | 1,000 | 1,116.40 | 2.37 | ||||||||||||
SPDR S&P Emerging Markets Small Cap ETF | 0.65 | 1,000 | 1,090.00 | 3.39 | ||||||||||||
SPDR Dow Jones Global Real Estate ETF | 0.50 | 1,000 | 1,113.10 | 2.63 | ||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 0.50 | 1,000 | 1,184.80 | 2.72 | ||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 0.50 | 1,000 | 1,128.00 | 2.65 | ||||||||||||
SPDR S&P International Energy Sector ETF | 0.50 | 1,000 | 975.80 | 2.46 | ||||||||||||
SPDR S&P International Financial Sector ETF | 0.50 | 1,000 | 1,151.10 | 2.68 | ||||||||||||
SPDR S&P International Health Care Sector ETF | 0.50 | 1,000 | 1,138.10 | 2.67 | ||||||||||||
SPDR S&P International Industrial Sector ETF | 0.50 | 1,000 | 1,142.00 | 2.67 | ||||||||||||
SPDR S&P International Materials Sector ETF | 0.50 | 1,000 | 990.00 | 2.48 | ||||||||||||
SPDR S&P International Technology Sector ETF | 0.50 | 1,000 | 1,140.70 | 2.67 | ||||||||||||
SPDR S&P International Telecommunications Sector ETF | 0.50 | 1,000 | 1,020.40 | 2.52 | ||||||||||||
SPDR S&P International Utilities Sector ETF | 0.50 | 1,000 | 1,002.90 | 2.50 | ||||||||||||
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 10/1/12 to | |||||||||||||
Hypothetical | Expense Ratio | 10/1/12 | 3/31/13 | 3/31/13 | ||||||||||||
SPDR STOXX Europe 50 ETF | 0.29 | % | $ | 1,000 | $ | 1,023.45 | $ | 1.46 | ||||||||
SPDR EURO STOXX 50 ETF | 0.29 | 1,000 | 1,023.45 | 1.46 | ||||||||||||
SPDR S&P Emerging Asia Pacific ETF | 0.60 | 1,000 | 1,021.91 | 3.02 | ||||||||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | 0.65 | 1,000 | 1,021.66 | 3.28 | ||||||||||||
SPDR S&P Russia ETF | 0.61 | 1,000 | 1,021.86 | 3.07 |
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SPDR INDEX SHARES FUNDS
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
March 31, 2013 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 10/1/12 to | |||||||||||||
Hypothetical | Expense Ratio | 10/1/12 | 3/31/13 | 3/31/13 | ||||||||||||
SPDR S&P China ETF | 0.59 | % | $ | 1,000 | $ | 1,021.96 | $ | 2.97 | ||||||||
SPDR S&P Emerging Markets ETF | 0.59 | 1,000 | 1,021.96 | 2.97 | ||||||||||||
SPDR S&P Emerging Markets Dividend ETF | 0.60 | 1,000 | 1,021.91 | 3.02 | ||||||||||||
SPDR S&P BRIC 40 ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P Emerging Europe ETF | 0.59 | 1,000 | 1,021.96 | 2.97 | ||||||||||||
SPDR S&P Emerging Latin America ETF | 0.60 | 1,000 | 1,021.91 | 3.02 | ||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 0.59 | 1,000 | 1,021.96 | 2.97 | ||||||||||||
SPDR S&P World ex-US ETF | 0.34 | 1,000 | 1,023.20 | 1.72 | ||||||||||||
SPDR S&P International Small Cap ETF | 0.59 | 1,000 | 1,021.96 | 2.97 | ||||||||||||
SPDR Dow Jones International Real Estate ETF | 0.59 | 1,000 | 1,021.96 | 2.97 | ||||||||||||
SPDR S&P Global Infrastructure ETF | 0.59 | 1,000 | 1,021.96 | 2.97 | ||||||||||||
SPDR S&P Global Natural Resources ETF | 0.40 | 1,000 | 1,022.91 | 2.02 | ||||||||||||
SPDR MSCI ACWI ex-US ETF | 0.34 | 1,000 | 1,023.20 | 1.72 | ||||||||||||
SPDR MSCI ACWI IMI ETF | 0.25 | 1,000 | 1,023.65 | 1.26 | ||||||||||||
SPDR MSCI EM 50 ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 0.55 | 1,000 | 1,022.16 | 2.77 | ||||||||||||
SPDR S&P International Dividend ETF | 0.45 | 1,000 | 1,022.66 | 2.27 | ||||||||||||
SPDR S&P International Mid Cap ETF | 0.45 | 1,000 | 1,022.66 | 2.27 | ||||||||||||
SPDR S&P Emerging Markets Small Cap ETF | 0.65 | 1,000 | 1,021.66 | 3.28 | ||||||||||||
SPDR Dow Jones Global Real Estate ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P International Energy Sector ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P International Financial Sector ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P International Health Care Sector ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P International Industrial Sector ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P International Materials Sector ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P International Technology Sector ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P International Telecommunications Sector ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P International Utilities Sector ETF | 0.50 | 1,000 | 1,022.41 | 2.52 |
* | 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. |
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
326
SPDR INDEX SHARES FUNDS
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
March 31, 2013 (Unaudited)
1-866-787-2257 (toll free) or (ii) on the website of the Securities and Exchange Commission, at www.sec.gov. Information regarding how the investment advisor voted for the prior 12-months period ended June 30 is available by August 31 of each year by calling the same number and on the SEC’s website, at www.sec.gov, and on the Funds’ website at www.spdrs.com.
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.
327
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 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 Russell/Nomura PRIMEtm Japan ETF (JPP)
SPDR Russell/Nomura Small Captm Japan ETF (JSC)
SPDR S&P International Dividend ETF (DWX)
SPDR S&P International Mid Cap ETF (MDD)
SPDR S&P Emerging Markets Small Cap ETF (EWX)
SPDR Dow Jones Global Real Estate ETF (RWO)
SPDR S&P International Consumer Discretionary Sector ETF (IPD)
SPDR S&P International Consumer Staples Sector ETF (IPS)
SPDR S&P International Energy Sector ETF (IPW)
SPDR S&P International Financial Sector ETF (IPF)
SPDR S&P International Health Care Sector ETF (IRY)
SPDR S&P International Industrial Sector ETF (IPN)
SPDR S&P International Materials Sector ETF (IRV)
SPDR S&P International Technology Sector ETF (IPK)
SPDR S&P International Telecommunications Sector ETF (IST)
SPDR S&P International Utilities Sector ETF (IPU)
SPDR Series Trust
SPDR Dow Jones Total Market ETF (TMW)
SPDR Dow Jones Large Cap ETF (ELR)
SPDR S&P 500 Growth ETF (SPYG)
SPDR S&P 500 Value ETF (SPYV)
SPDR Dow Jones Mid Cap ETF (EMM)
SPDR S&P 400 Mid Cap Growth ETF (MDYG)
SPDR S&P 400 Mid Cap Value ETF (MDYV)
SPDR S&P 600 Small Cap ETF (SLY)
SPDR S&P 600 Small Cap Growth ETF (SLYG)
SPDR S&P 600 Small Cap Value ETF (SLYV)
SPDR Global Dow ETF (DGT)
SPDR Dow Jones REIT ETF (RWR)
SPDR S&P Bank ETF (KBE)
SPDR S&P Capital Markets ETF (KCE)
SPDR S&P Insurance ETF (KIE)
SPDR S&P Mortgage Finance ETF (KME)
SPDR S&P Regional Banking ETF (KRE)
SPDR Morgan Stanley Technology ETF (MTK)
SPDR S&P Dividend ETF (SDY)
SPDR S&P Aerospace & Defense ETF (XAR)
SPDR S&P Biotech ETF (XBI)
SPDR S&P Health Care Equipment ETF (XHE)
SPDR S&P Health Care Services ETF (XHS)
SPDR S&P Homebuilders ETF (XHB)
SPDR S&P Metals & Mining ETF (XME)
SPDR S&P Oil & Gas Equipment & Services ETF (XES)
SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
SPDR S&P Pharmaceuticals ETF (XPH)
SPDR S&P Retail ETF (XRT)
SPDR S&P Semiconductor ETF (XSD)
SPDR S&P Software & Services ETF (XSW)
SPDR S&P Telecom ETF (XTL)
SPDR S&P Transportation ETF (XTN)
SPDR S&P 1500 Value Tilt ETF (VLU)
SPDR S&P 1500 Momentum Tilt ETF (MMTM)
SPDR Russell 1000 Low Volatility ETF (LGLV)
SPDR Russell 2000 Low Volatility ETF (SMLV)
SPDR Wells Fargo Preferred Stock ETF (PSK)
SPDR Barclays 1-3 Month T-Bill ETF (BIL)
SPDR Barclays TIPS ETF (IPE)
SPDR Barclays Short Term Treasury ETF (SST)
SPDR Barclays Intermediate Term Treasury ETF (ITE)
SPDR Barclays Long Term Treasury ETF (TLO)
SDPR Barclays Short Term Corporate Bond ETF (SCPB)
SPDR Barclays Intermediate Term Corporate Bond ETF (ITR)
SPDR Barclays Long Term Corporate Bond ETF (LWC)
SPDR Barclays Issuer Scored Corporate Bond ETF (CBND)
SPDR Barclays Convertible Securities ETF (CWB)
SPDR Barclays Mortgage Backed Bond ETF (MBG)
SPDR Barclays Aggregate Bond ETF (LAG)
SPDR Nuveen Barclays Municipal Bond ETF (TFI)
SPDR Nuveen Barclays California Municipal Bond ETF (CXA)
SPDR Nuveen Barclays New York Municipal Bond ETF (INY)
SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM)
SPDR Nuveen S&P VRDO Municipal Bond ETF (VRD)
SPDR Nuveen S&P High Yield Municipal Bond ETF (HYMB)
SPDR Nuveen Barclays Build America Bond ETF (BABS)
SPDR DB International Government Inflation-Protected Bond ETF (WIP)
SPDR Barclays Short Term International Treasury Bond ETF (BWZ)
SPDR Barclays International Treasury Bond ETF (BWX)
SPDR Barclays International Corporate Bond ETF (IBND)
SPDR Barclays Emerging Markets Local Bond ETF (EBND)
SPDR Barclays High Yield Bond ETF (JNK)
SPDR Barclays Short Term High Yield Bond ETF (SJNK)
SPDR Barclays Investment Grade Floating Rate ETF (FLRN)
SPDR BofA Merrill Lynch Emerging Markets Corporate Bond ETF (EMCD)
SPDR BofA Merrill Lynch Crossover Corporate Bond ETF (XOVR)
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 Dow Jones Industrial Average ETF Trust (DIA)
SPDR S&P 500 ETF Trust (SPY)
State Street Global Markets, LLC, member FINRA, SIPC, is distributor for all investment portfolios of SPDR Series Trust, SPDR Index Shares Funds, and SSgA Active ETF Trust. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR S&P 500 ETF Trust (SPY) and SPDR Dow Jones Industrial Average ETF Trust (DIA), both unit investment trusts, and all investment portfolios of The Select Sector SPDR Trust.
SPDR Index Shares Funds
trustees
Bonny E. Boatman
Dwight D. Churchill
David M. Kelly
Frank Nesvet, Chairman
James E. Ross
Carl G. Verboncoeur
Bonny E. Boatman
Dwight D. Churchill
David M. Kelly
Frank Nesvet, Chairman
James E. Ross
Carl G. Verboncoeur
officers
Ellen M. Needham, President
Michael P. Riley, Vice President
Chad Hallett, Treasurer
Matthew W. Flaherty, Assistant Treasurer
Laura F. Dell, Assistant Treasurer
Mary Moran Zeven, Secretary
Mark E. Tuttle, Assistant Secretary
Jacqueline Angell, Chief Compliance Officer
Ellen M. Needham, President
Michael P. Riley, Vice President
Chad Hallett, Treasurer
Matthew W. Flaherty, Assistant Treasurer
Laura F. Dell, Assistant Treasurer
Mary Moran Zeven, Secretary
Mark E. Tuttle, Assistant Secretary
Jacqueline Angell, Chief Compliance Officer
investment manager
SSgA Funds Management, Inc.
State Street Financial Center
One Lincoln Street
Boston, MA 02111
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
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
State Street Bank and Trust Company
One Lincoln Street
Boston, MA 02111
legal counsel
Bingham McCutchen LLP
2020 K Street NW
Washington, DC 20006
Bingham McCutchen LLP
2020 K Street NW
Washington, DC 20006
independent registered public accounting firm
PricewaterhouseCoopers LLP
125 High Street
Boston, MA 02110
PricewaterhouseCoopers LLP
125 High Street
Boston, MA 02110
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.
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
State Street Financial Center
One Lincoln Street
Boston, MA 02111
The investment return and principal value of an investment in the Funds will fluctuate in value, so that when shares are sold or redeemed they may be worth more or less than when they were purchased.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
SPDR STOXX Europe 50 ETF, SPDR EURO STOXX 50 ETF, SPDR S&P Emerging Asia Pacific ETF, SPDR S&P Small Cap Emerging Asia Pacific ETF, SPDR S&P Russia ETF, SPDR S&P China ETF, SPDR S&P Emerging Markets ETF, SPDR S&P BRIC 40 ETF, SPDR S&P Emerging Europe ETF, SPDR S&P Emerging Latin America ETF, SPDR S&P Emerging Middle East & Africa ETF, SPDR S&P World ex-US ETF, SPDR S&P International Small Cap ETF, SPDR Dow Jones International Real Estate ETF, SPDR S&P Global Infrastructure ETF, SPDR MSCI ACWI ex-US ETF, SPDR Russell/ Nomura PRIME Japan ETF, SPDR Russell/Nomura Small Cap Japan ETF, SPDR S&P International Dividend ETF, SPDR S&P International Mid Cap ETF, SPDR S&P Emerging Markets Small Cap ETF, SPDR Dow Jones Global Real Estate ETF, SPDR S&P Global Natural Resources ETF, SPDR MSCI ACWI IMI ETF, SPDR MSCI EM 50 ETF, SPDR S&P International Consumer Discretionary Sector ETF, SPDR S&P International Consumer Staples Sector ETF, SPDR S&P International Energy Sector ETF, SPDR S&P International Financial Sector ETF, SPDR S&P International Health Care Sector ETF, SPDR S&P International Industrial Sector ETF, SPDR S&P International Materials Sector ETF, SPDR S&P International Technology Sector ETF, SPDR S&P International Telecommunications Sector ETF, SPDR S&P International Utilities Sector ETF: In addition to the normal risks associated with equity investing, narrowly focused investments and investments in smaller companies typically exhibit higher volatility and price fluctuation.
For all SPDR Index Shares Funds: International investments may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations.
In general, Fund shares can be expected to move up or down in value with the value of the applicable index. Although Fund shares may be bought and sold on the exchange through any brokerage account, Fund shares are not individually redeemable from the Fund. Investors may acquire Fund Shares and tender them for redemption through the Fund in Creation Unit Aggregations only. Please see the prospectus for more details.
The Funds are not sponsored, endorsed, sold, or promoted by Dow Jones & Company, Time Inc., FTSE International Limited, Macquarie Bank Limited, The London Stock Exchange Place, The Financial Times Limited, Morgan Stanley Capital International Inc., Russell Investment Group, Standard & Poor’s and Wilshire Associates. Neither do these companies make any representation regarding the advisability of investing in the Funds. The Funds 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, SIPC. References to State Street may include State Street Corporation and its affiliates. Shares of the Funds are not insured by the FDIC or by another governmental agency; they are not obligations of the FDIC nor are they deposits or obligations of or guaranteed by State Street Bank and Trust Company. Fund shares are subject to investment risks, including possible loss of the principal invested. The Funds pay State Street for its services as investment advisor, custodian, administrator, securities lending agent, transfer agent and shareholder servicing agent.
“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.
This information must be preceded or accompanied by a current prospectus or summary prospectus. Read the prospectus carefully before you invest or send money. © 2013 State Street Corporation SPDRIDEXSAR
IBG-8790
For more complete information, please call 866.787.2257 or visit spdrs.com today
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 report 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 (the “Procedures”) and evaluated their effectiveness. Based on the review, Ms. Needham and Mr. Hallett determined that the Procedures adequately ensure that information required to be disclosed by the Registrant in its periodic reports is recorded, processed, summarized and reported within the time periods required by the Securities and Exchange Commission.
(b) In the Registrant’s second fiscal quarter covered by this form N-CSR filing, there were no significant changes in the Registrant’s internal controls or in other factors that have materially affected, or are reasonably likely to materially affect, its controls over financial reporting subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.
Item 12. Exhibits
(a)(1) Not applicable to the Registrant; this Form N-CSR is a Semi-Annual Report.
(2) Separate certifications as 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.
(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 INDEX SHARES FUNDS | ||||
By: | /s/ Ellen M. Needham | |||
President and Principal Executive Officer | ||||
Date: | June 4, 2013 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Ellen M. Needham | |||
President and Principal Executive Officer | ||||
Date: | June 4, 2013 | |||
By: | /s/ Chad C. Hallett | |||
Treasurer and Principal Financial Officer | ||||
Date: | June 4, 2013 |