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)
(Name and Address of Agent for Service) | Copy to: | |
Christopher A. Madden, Esq. | W. John McGuire, Esq. | |
State Street Bank and Trust Company | Morgan, Lewis & Bockius LLP | |
One Lincoln Street/CPH0326 | 2020 K Street, N.W. | |
Boston, Massachusetts 02111 | 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, 2015
Item 1: Report to Shareholders.
Semi-Annual Report
31 March 2015
31 March 2015
SPDR® Index Shares Funds
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TABLE OF CONTENTS
Fund Performance & Portfolio Summaries | ||
SPDR® STOXX® Europe 50 ETF (FEU) | 1 | |
SPDR EURO STOXX 50® ETF (FEZ) | 4 | |
SPDR EURO STOXX Small Cap ETF (SMEZ) | 7 | |
SPDR S&P Emerging Asia Pacific ETF (GMF) | 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) | 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 ACWI Low Carbon Target ETF (LOWC) | 58 | |
SPDR MSCI EM 50 ETF (EMFT) | 59 | |
SPDR MSCI EM Beyond BRIC ETF (EMBB) | 62 | |
SPDR MSCI EAFE Quality Mix ETF (QEFA) | 65 | |
SPDR MSCI Emerging Markets Quality Mix ETF (QEMM) | 68 | |
SPDR MSCI World Quality Mix ETF (QWLD) | 71 | |
SPDR MSCI Australia Quality Mix ETF (QAUS) | 74 | |
SPDR MSCI Canada Quality Mix ETF (QCAN) | 77 | |
SPDR MSCI Germany Quality Mix ETF (QDEU) | 80 | |
SPDR MSCI Japan Quality Mix ETF (QJPN) | 83 | |
SPDR MSCI Mexico Quality Mix ETF (QMEX) | 86 | |
SPDR MSCI South Korea Quality Mix ETF (QKOR) | 89 | |
SPDR MSCI Spain Quality Mix ETF (QESP) | 92 | |
SPDR MSCI Taiwan Quality Mix ETF (QTWN) | 95 | |
SPDR MSCI United Kingdom Quality Mix ETF (QGBR) | 98 | |
SPDR Russell/Nomura PRIMETM Japan ETF (JPP) | 101 | |
SPDR Russell/Nomura Small CapTM Japan ETF (JSC) | 104 | |
SPDR S&P Global Dividend ETF (WDIV) | 107 | |
SPDR S&P International Dividend ETF (DWX) | 110 | |
SPDR S&P International Mid Cap ETF (MDD) | 113 | |
SPDR S&P Emerging Markets Small Cap ETF (EWX) | 116 | |
SPDR Dow Jones Global Real Estate ETF (RWO) | 119 |
SPDR S&P International Consumer Discretionary Sector ETF (IPD) | 122 | |
SPDR S&P International Consumer Staples Sector ETF (IPS) | 125 | |
SPDR S&P International Energy Sector ETF (IPW) | 128 | |
SPDR S&P International Financial Sector ETF (IPF) | 131 | |
SPDR S&P International Health Care Sector ETF (IRY) | 134 | |
SPDR S&P International Industrial Sector ETF (IPN) | 137 | |
SPDR S&P International Materials Sector ETF (IRV) | 140 | |
SPDR S&P International Technology Sector ETF (IPK) | 143 | |
SPDR S&P International Telecommunications Sector ETF (IST) | 146 | |
SPDR S&P International Utilities Sector ETF (IPU) | 149 | |
Schedules of Investments | ||
SPDR STOXX Europe 50 ETF (FEU) | 152 | |
SPDR EURO STOXX 50 ETF (FEZ) | 153 | |
SPDR EURO STOXX Small Cap ETF (SMEZ) | 154 | |
SPDR S&P Emerging Asia Pacific ETF (GMF) | 156 | |
SPDR S&P Russia ETF (RBL) | 164 | |
SPDR S&P China ETF (GXC) | 166 | |
SPDR S&P Emerging Markets ETF (GMM) | 173 | |
SPDR S&P Emerging Markets Dividend ETF (EDIV) | 185 | |
SPDR S&P BRIC 40 ETF (BIK) | 187 | |
SPDR S&P Emerging Europe ETF (GUR) | 188 | |
SPDR S&P Emerging Latin America ETF (GML) | 190 | |
SPDR S&P Emerging Middle East & Africa ETF (GAF) | 193 | |
SPDR S&P World ex-US ETF (GWL) | 195 | |
SPDR S&P International Small Cap ETF (GWX) | 208 | |
SPDR Dow Jones International Real Estate ETF (RWX) | 230 | |
SPDR S&P Global Infrastructure ETF (GII) | 232 | |
SPDR S&P Global Natural Resources ETF (GNR) | 234 | |
SPDR MSCI ACWI ex-US ETF (CWI) | 236 | |
SPDR MSCI ACWI IMI ETF (ACIM) | 244 | |
SPDR MSCI ACWI Low Carbon Target ETF (LOWC) | 253 | |
SPDR MSCI EM 50 ETF (EMFT) | 266 | |
SPDR MSCI EM Beyond BRIC ETF (EMBB) | 267 | |
SPDR MSCI EAFE Quality Mix ETF (QEFA) | 271 | |
SPDR MSCI Emerging Markets Quality Mix ETF (QEMM) | 277 | |
SPDR MSCI World Quality Mix ETF (QWLD) | 284 | |
SPDR MSCI Australia Quality Mix ETF (QAUS) | 294 | |
SPDR MSCI Canada Quality Mix ETF (QCAN) | 296 | |
SPDR MSCI Germany Quality Mix ETF (QDEU) | 298 | |
SPDR MSCI Japan Quality Mix ETF (QJPN) | 300 | |
SPDR MSCI Mexico Quality Mix ETF (QMEX) | 304 | |
SPDR MSCI South Korea Quality Mix ETF (QKOR) | 305 | |
SPDR MSCI Spain Quality Mix ETF (QESP) | 307 | |
SPDR MSCI Taiwan Quality Mix ETF (QTWN) | 308 |
SPDR MSCI United Kingdom Quality Mix ETF (QGBR) | 310 | |
SPDR Russell/Nomura PRIME Japan ETF (JPP) | 312 | |
SPDR Russell/Nomura Small Cap Japan ETF (JSC) | 318 | |
SPDR S&P Global Dividend ETF (WDIV) | 326 | |
SPDR S&P International Dividend ETF (DWX) | 328 | |
SPDR S&P International Mid Cap ETF (MDD) | 330 | |
SPDR S&P Emerging Markets Small Cap ETF (EWX) | 337 | |
SPDR Dow Jones Global Real Estate ETF (RWO) | 347 | |
SPDR S&P International Consumer Discretionary Sector ETF (IPD) | 350 | |
SPDR S&P International Consumer Staples Sector ETF (IPS) | 353 | |
SPDR S&P International Energy Sector ETF (IPW) | 356 | |
SPDR S&P International Financial Sector ETF (IPF) | 358 | |
SPDR S&P International Health Care Sector ETF (IRY) | 361 | |
SPDR S&P International Industrial Sector ETF (IPN) | 363 | |
SPDR S&P International Materials Sector ETF (IRV) | 366 | |
SPDR S&P International Technology Sector ETF (IPK) | 369 | |
SPDR S&P International Telecommunications Sector ETF (IST) | 372 | |
SPDR S&P International Utilities Sector ETF (IPU) | 374 | |
Financial Statements | 376 | |
Financial Highlights | 422 | |
Notes to Financial Statements | 461 | |
Other Information | 487 |
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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, 2015 (as supplemented February 3, 2015) is 0.29%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −3.49% | −2.96% | −3.55% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −5.18% | −5.27% | −5.28% | −5.18% | −5.27% | −5.28% | ||||||||||||||||||
THREE YEARS | 24.91% | 24.39% | 24.76% | 7.70% | 7.55% | 7.66% | ||||||||||||||||||
FIVE YEARS | 23.33% | 24.17% | 22.95% | 4.28% | 4.42% | 4.22% | ||||||||||||||||||
TEN YEARS | 37.66% | 37.50% | 37.90% | 3.25% | 3.24% | 3.27% | ||||||||||||||||||
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)
SPDR STOXX | STOXX Europe | |||||||
Europe 50 | 50 Index | |||||||
ETF (a) | (b) | |||||||
Mar-05 | 10000 | 10000 | ||||||
Jun-05 | 9993 | 9992 | ||||||
Sep-05 | 10721 | 10739 | ||||||
Dec-05 | 10799 | 10829 | ||||||
Mar-06 | 11677 | 11724 | ||||||
Jun-06 | 12044 | 12077 | ||||||
Sep-06 | 12587 | 12637 | ||||||
Dec-06 | 13687 | 13749 | ||||||
Mar-07 | 13953 | 14027 | ||||||
Jun-07 | 15275 | 15342 | ||||||
Sep-07 | 15636 | 15719 | ||||||
Dec-07 | 15553 | 15643 | ||||||
Mar-08 | 13927 | 14011 | ||||||
Jun-08 | 13592 | 13648 | ||||||
Sep-08 | 11058 | 11097 | ||||||
Dec-08 | 8715 | 8742 | ||||||
Mar-09 | 7329 | 7347 | ||||||
Jun-09 | 9108 | 9124 | ||||||
Sep-09 | 11136 | 11174 | ||||||
Dec-09 | 11564 | 11617 | ||||||
Mar-10 | 11162 | 11216 | ||||||
Jun-10 | 9231 | 9252 | ||||||
Sep-10 | 10854 | 10893 | ||||||
Dec-10 | 11154 | 11203 | ||||||
Mar-11 | 11865 | 11921 | ||||||
Jun-11 | 12244 | 12281 | ||||||
Sep-11 | 9621 | 9638 | ||||||
Dec-11 | 10256 | 10287 | ||||||
Mar-12 | 11020 | 11054 | ||||||
Jun-12 | 10373 | 10383 | ||||||
Sep-12 | 11185 | 11205 | ||||||
Dec-12 | 11776 | 11804 | ||||||
Mar-13 | 12121 | 12147 | ||||||
Jun-13 | 12026 | 12039 | ||||||
Sep-13 | 13415 | 13440 | ||||||
Dec-13 | 14411 | 14446 | ||||||
Mar-14 | 14517 | 14558 | ||||||
Jun-14 | 15117 | 15147 | ||||||
Sep-14 | 14264 | 14298 | ||||||
Dec-14 | 13443 | 13469 | ||||||
Mar-15 | 13766 | 13790 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037801.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, 2015
DESCRIPTION | NOVARTIS AG | NESTLE SA | ROCHE HOLDING AG | HSBC HOLDINGS PLC | BAYER AG | |||||
MARKET VALUE | $16,320,554 | 15,627,935 | 12,436,163 | 10,502,373 | 7,971,041 | |||||
% OF NET ASSETS | 6.3 | 6.0 | 4.8 | 4.0 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Pharmaceuticals | 21.9 | % | ||||
Banks | 15.1 | |||||
Oil, Gas & Consumable Fuels | 10.9 | |||||
Food Products | 8.9 | |||||
Insurance | 6.1 | |||||
Diversified Telecommunication Services | 4.1 | |||||
Beverages | 4.0 | |||||
Capital Markets | 3.7 | |||||
Metals & Mining | 3.4 | |||||
Chemicals | 3.3 | |||||
Tobacco | 2.4 | |||||
Automobiles | 2.4 | |||||
Electrical Equipment | 2.3 | |||||
Textiles, Apparel & Luxury Goods | 2.2 | |||||
Wireless Telecommunication Services | 2.1 | |||||
Industrial Conglomerates | 2.1 | |||||
Software | 1.7 | |||||
Household Products | 1.4 | |||||
Multi-Utilities | 1.2 | |||||
Short Term Investments | 5.0 | |||||
Other Assets & Liabilities | (4.2 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
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, 2015 (as supplemented February 3, 2015) is 0.29%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −1.90% | −1.40% | −1.94% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −6.08% | −6.03% | −6.39% | −6.08% | −6.03% | −6.39% | ||||||||||||||||||
THREE YEARS | 33.70% | 33.35% | 32.06% | 10.16% | 10.07% | 9.72% | ||||||||||||||||||
FIVE YEARS | 20.14% | 20.53% | 17.60% | 3.74% | 3.81% | 3.30% | ||||||||||||||||||
TEN YEARS | 39.91% | 40.90% | 35.97% | 3.42% | 3.49% | 3.12% | ||||||||||||||||||
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)
SPDR EURO | EURO STOXX | |||||||
STOXX 50 | 50 Index | |||||||
ETF (a) | (b) | |||||||
Mar-05 | 10000 | 10000 | ||||||
Jun-05 | 9881 | 9872 | ||||||
Sep-05 | 10611 | 10621 | ||||||
Dec-05 | 10852 | 10868 | ||||||
Mar-06 | 12005 | 12033 | ||||||
Jun-06 | 12253 | 12250 | ||||||
Sep-06 | 12998 | 13003 | ||||||
Dec-06 | 14332 | 14342 | ||||||
Mar-07 | 14706 | 14718 | ||||||
Jun-07 | 16371 | 16343 | ||||||
Sep-07 | 16865 | 16836 | ||||||
Dec-07 | 17457 | 17428 | ||||||
Mar-08 | 15616 | 15603 | ||||||
Jun-08 | 14763 | 14688 | ||||||
Sep-08 | 11975 | 11906 | ||||||
Dec-08 | 9607 | 9544 | ||||||
Mar-09 | 7789 | 7738 | ||||||
Jun-09 | 9817 | 9727 | ||||||
Sep-09 | 12255 | 12158 | ||||||
Dec-09 | 12473 | 12378 | ||||||
Mar-10 | 11645 | 11563 | ||||||
Jun-10 | 9513 | 9395 | ||||||
Sep-10 | 11339 | 11209 | ||||||
Dec-10 | 11377 | 11248 | ||||||
Mar-11 | 12566 | 12430 | ||||||
Jun-11 | 12902 | 12717 | ||||||
Sep-11 | 9199 | 9047 | ||||||
Dec-11 | 9502 | 9349 | ||||||
Mar-12 | 10465 | 10296 | ||||||
Jun-12 | 9410 | 9206 | ||||||
Sep-12 | 10386 | 10159 | ||||||
Dec-12 | 11456 | 11210 | ||||||
Mar-13 | 11148 | 10906 | ||||||
Jun-13 | 11458 | 11168 | ||||||
Sep-13 | 13304 | 12970 | ||||||
Dec-13 | 14601 | 14236 | ||||||
Mar-14 | 14897 | 14526 | ||||||
Jun-14 | 15428 | 14999 | ||||||
Sep-14 | 14261 | 13865 | ||||||
Dec-14 | 13384 | 13001 | ||||||
Mar-15 | 13991 | 13597 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037802.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, 2015
DESCRIPTION | BAYER AG | SANOFI | TOTAL SA | BANCO SANTANDER SA | DAIMLER AG | |||||
MARKET VALUE | $229,641,648 | 220,368,719 | 218,381,258 | 195,583,323 | 177,452,131 | |||||
% OF NET ASSETS | 4.9 | 4.7 | 4.7 | 4.2 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 16.6 | % | ||||
Pharmaceuticals | 9.6 | |||||
Insurance | 7.6 | |||||
Oil, Gas & Consumable Fuels | 7.3 | |||||
Automobiles | 7.0 | |||||
Diversified Telecommunication Services | 5.8 | |||||
Chemicals | 5.4 | |||||
Industrial Conglomerates | 4.4 | |||||
Food Products | 4.2 | |||||
Beverages | 3.7 | |||||
Multi-Utilities | 2.9 | |||||
Software | 2.7 | |||||
Electric Utilities | 2.6 | |||||
Textiles, Apparel & Luxury Goods | 1.9 | |||||
Electrical Equipment | 1.8 | |||||
Capital Markets | 1.8 | |||||
Personal Products | 1.8 | |||||
Semiconductors & Semiconductor Equipment | 1.5 | |||||
Aerospace & Defense | 1.5 | |||||
Specialty Retail | 1.3 | |||||
Media | 1.3 | |||||
Construction & Engineering | 1.2 | |||||
Air Freight & Logistics | 1.2 | |||||
Communications Equipment | 1.1 | |||||
Real Estate Investment Trusts | 1.1 | |||||
Health Care Equipment & Supplies | 1.0 | |||||
Building Products | 0.9 | |||||
Food & Staples Retailing | 0.8 | |||||
Metals & Mining | 0.0 | ** | ||||
Short Term Investments | 3.2 | |||||
Other Assets & Liabilities | (3.2 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
6
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SPDR EURO STOXX 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/4/14, 6/5/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR EURO STOXX Small Cap ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.45%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | EURO STOXX | NET ASSET | MARKET | EURO STOXX | |||||||||||||||||||
VALUE | VALUE | SMALL INDEX | VALUE | VALUE | SMALL INDEX | |||||||||||||||||||
SIX MONTHS | 1.68% | 2.21% | 1.81% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −14.01% | −13.78% | −13.57% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period June 4, 2014 to March 31, 2015. |
7
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SPDR EURO STOXX Small Cap ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR Euro | ||||||||
Stoxx Small | ||||||||
Cap ETF | Euro Stoxx | |||||||
(a) | Small Index | |||||||
6/4/2014 | 10000 | 10000 | ||||||
6/30/2014 | 9752 | 9776 | ||||||
7/31/2014 | 9104 | 9130 | ||||||
8/31/2014 | 8991 | 9018 | ||||||
9/30/2014 | 8457 | 8490 | ||||||
10/31/2014 | 8211 | 8245 | ||||||
11/30/2014 | 8529 | 8568 | ||||||
12/31/2014 | 8203 | 8232 | ||||||
1/31/2015 | 8189 | 8224 | ||||||
2/28/2015 | 8713 | 8749 | ||||||
3/31/2015 | 8599 | 8643 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037803.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 EURO STOXX Small Cap ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
BANCA POPOLARE DI | ||||||||||
DESCRIPTION | HERMES INTERNATIONAL | BOLLORE SA | NN GROUP NV | MILANO SCARL | EXOR SPA | |||||
MARKET VALUE | $157,658 | 98,336 | 91,343 | 87,927 | 85,797 | |||||
% OF NET ASSETS | 3.1 | 1.9 | 1.8 | 1.7 | 1.7 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Media | 10.1 | % | ||||
Banks | 8.9 | |||||
Insurance | 7.2 | |||||
Diversified Financial Services | 5.1 | |||||
Air Freight & Logistics | 4.9 | |||||
Machinery | 4.2 | |||||
Real Estate Investment Trusts | 4.1 | |||||
Food & Staples Retailing | 3.3 | |||||
Textiles, Apparel & Luxury Goods | 3.1 | |||||
Chemicals | 3.1 | |||||
Diversified Telecommunication Services | 3.0 | |||||
Electrical Equipment | 2.8 | |||||
Oil, Gas & Consumable Fuels | 2.7 | |||||
Commercial Services & Supplies | 2.5 | |||||
Hotels, Restaurants & Leisure | 2.3 | |||||
Food Products | 2.3 | |||||
Semiconductors & Semiconductor Equipment | 2.2 | |||||
Real Estate Management & Development | 1.9 | |||||
Pharmaceuticals | 1.9 | |||||
Health Care Providers & Services | 1.9 | |||||
Energy Equipment & Services | 1.8 | |||||
Beverages | 1.8 | |||||
Auto Components | 1.8 | |||||
Professional Services | 1.5 | |||||
Wireless Telecommunication Services | 1.5 | |||||
Life Sciences Tools & Services | 1.2 | |||||
Capital Markets | 1.1 | |||||
Containers & Packaging | 1.1 | |||||
Independent Power and Renewable Electricity Producers | 1.1 | |||||
Building Products | 1.1 | |||||
Leisure Products | 1.0 | |||||
Construction Materials | 0.9 | |||||
Metals & Mining | 0.9 | |||||
Airlines | 0.9 | |||||
Transportation Infrastructure | 0.9 | |||||
Gas Utilities | 0.9 | |||||
Construction & Engineering | 0.8 | |||||
Industrial Conglomerates | 0.7 | |||||
Technology Hardware, Storage & Peripherals | 0.7 | |||||
Household Durables | 0.7 | |||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
9
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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, 2015 (as supplemented February 3, 2015) is 0.49%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 5.71% | 6.07% | 5.90% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 15.61% | 15.93% | 15.08% | 15.61% | 15.93% | 15.08% | ||||||||||||||||||
THREE YEARS | 24.75% | 25.68% | 29.00% | 7.65% | 7.92% | 8.87% | ||||||||||||||||||
FIVE YEARS | 34.05% | 34.25% | 38.37% | 6.04% | 6.07% | 6.71% | ||||||||||||||||||
SINCE INCEPTION (1) | 72.77% | 73.48% | 79.42% | 7.04% | 7.10% | 7.55% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2015. |
10
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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 | ||||||||
3/20/2007 | 10000.00 | 10000.00 | ||||||
31-Mar | 10191.00 | 10276.00 | ||||||
6/30/2007 | 12074.00 | 12233.00 | ||||||
30-Sep | 14504.00 | 14702.00 | ||||||
12/31/2007 | 14763.00 | 14986.00 | ||||||
31-Mar | 12734.00 | 12793.00 | ||||||
6/30/2008 | 11730.00 | 11504.00 | ||||||
30-Sep | 9143.00 | 8881.00 | ||||||
12/31/2008 | 7320.00 | 7064.00 | ||||||
31-Mar | 7511.00 | 7288.00 | ||||||
6/30/2009 | 10236.00 | 10126.00 | ||||||
30-Sep | 11809.00 | 11784.00 | ||||||
12/31/2009 | 12737.00 | 12817.00 | ||||||
31-Mar | 12889.00 | 12967.00 | ||||||
6/30/2010 | 12260.00 | 12407.00 | ||||||
30-Sep | 14272.00 | 14498.00 | ||||||
12/31/2010 | 15176.00 | 15352.00 | ||||||
31-Mar | 15246.00 | 15278.00 | ||||||
6/30/2011 | 15149.00 | 15190.00 | ||||||
30-Sep | 12053.00 | 12022.00 | ||||||
12/31/2011 | 12323.00 | 12183.00 | ||||||
31-Mar | 13849.00 | 13909.00 | ||||||
6/30/2012 | 12764.00 | 12875.00 | ||||||
30-Sep | 13789.00 | 13930.00 | ||||||
12/31/2012 | 14490.00 | 14763.00 | ||||||
31-Mar | 14443.00 | 14858.00 | ||||||
6/30/2013 | 13925.00 | 14324.00 | ||||||
30-Sep | 14466.00 | 14845.00 | ||||||
12/31/2013 | 14894.00 | 15457.00 | ||||||
31-Mar | 14944.00 | 15591.00 | ||||||
6/30/2014 | 16176.00 | 16825.00 | ||||||
30-Sep | 16344.00 | 16940.00 | ||||||
12/31/2014 | 16470.00 | 17121.00 | ||||||
31-Mar | 17277.00 | 17942.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037804.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.
11
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SPDR S&P Emerging Asia Pacific ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
TAIWAN SEMICONDUCTOR | ||||||||||
MANUFACTURING CO., | CHINA CONSTRUCTION | |||||||||
DESCRIPTION | TENCENT HOLDINGS, LTD. | LTD. ADR | CHINA MOBILE, LTD. | BANK CORP. (CLASS H) | BAIDU, INC. ADR | |||||
MARKET VALUE | $25,765,435 | 22,181,908 | 19,470,217 | 19,058,347 | 15,365,540 | |||||
% OF NET ASSETS | 3.5 | 3.0 | 2.6 | 2.6 | 2.1 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 16.6 | % | ||||
Internet Software & Services | 7.7 | |||||
Semiconductors & Semiconductor Equipment | 7.1 | |||||
Oil, Gas & Consumable Fuels | 5.8 | |||||
Wireless Telecommunication Services | 5.1 | |||||
Electronic Equipment, Instruments & Components | 3.8 | |||||
Insurance | 3.7 | |||||
Real Estate Management & Development | 3.2 | |||||
Technology Hardware, Storage & Peripherals | 3.0 | |||||
IT Services | 2.9 | |||||
Automobiles | 2.8 | |||||
Food Products | 2.6 | |||||
Pharmaceuticals | 2.4 | |||||
Chemicals | 2.3 | |||||
Diversified Telecommunication Services | 1.9 | |||||
Construction Materials | 1.9 | |||||
Metals & Mining | 1.8 | |||||
Industrial Conglomerates | 1.8 | |||||
Construction & Engineering | 1.6 | |||||
Transportation Infrastructure | 1.6 | |||||
Independent Power and Renewable Electricity Producers | 1.5 | |||||
Thrifts & Mortgage Finance | 1.4 | |||||
Hotels, Restaurants & Leisure | 1.2 | |||||
Diversified Financial Services | 1.1 | |||||
Internet & Catalog Retail | 1.0 | |||||
Food & Staples Retailing | 1.0 | |||||
Capital Markets | 0.9 | |||||
Machinery | 0.9 | |||||
Electric Utilities | 0.9 | |||||
Textiles, Apparel & Luxury Goods | 0.8 | |||||
Beverages | 0.8 | |||||
Electrical Equipment | 0.8 | |||||
Household Products | 0.7 | |||||
Media | 0.7 | |||||
Health Care Providers & Services | 0.6 | |||||
Gas Utilities | 0.6 | |||||
Building Products | 0.5 | |||||
Tobacco | 0.5 | |||||
Auto Components | 0.4 | |||||
Software | 0.4 | |||||
Marine | 0.4 | |||||
Consumer Finance | 0.4 | |||||
Specialty Retail | 0.3 | |||||
Airlines | 0.3 | |||||
Water Utilities | 0.3 | |||||
Energy Equipment & Services | 0.3 | |||||
Personal Products | 0.3 | |||||
Household Durables | 0.2 | |||||
Commercial Services & Supplies | 0.2 | |||||
Diversified Consumer Services | 0.2 | |||||
Health Care Equipment & Supplies | 0.1 | |||||
Communications Equipment | 0.1 | |||||
Trading Companies & Distributors | 0.1 | |||||
Road & Rail | 0.1 | |||||
Aerospace & Defense | 0.1 | |||||
Leisure Products | 0.1 | |||||
Distributors | 0.0 | ** | ||||
Air Freight & Logistics | 0.0 | ** | ||||
Biotechnology | 0.0 | ** | ||||
Short Term Investments | 6.0 | |||||
Other Assets & Liabilities | (5.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
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, 2015 (as supplemented February 3, 2015) is 0.59%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −21.93% | −21.79% | −20.49% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −25.95% | −25.97% | −25.00% | −25.95% | −25.97% | −25.00% | ||||||||||||||||||
THREE YEARS | −40.39% | −40.79% | −38.17% | −15.84% | −16.03% | −14.82% | ||||||||||||||||||
SINCE INCEPTION (1) | −36.85% | −36.89% | −32.15% | −8.68% | −8.70% | −7.38% | ||||||||||||||||||
(1) | For the period March 10, 2010 to March 31, 2015. |
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 | |||||||
3/10/2010 | 10000.00 | 10000.00 | ||||||
31-Mar | 10284.00 | 10398.00 | ||||||
6/30/2010 | 8783.00 | 8878.00 | ||||||
30-Sep | 10074.00 | 10246.00 | ||||||
12/31/2010 | 11958.00 | 11996.00 | ||||||
31-Mar | 13435.00 | 13513.00 | ||||||
6/30/2011 | 12380.00 | 12659.00 | ||||||
30-Sep | 8705.00 | 8921.00 | ||||||
12/31/2011 | 8992.00 | 9270.00 | ||||||
31-Mar | 10594.00 | 10972.00 | ||||||
6/30/2012 | 8931.00 | 9370.00 | ||||||
30-Sep | 9871.00 | 10280.00 | ||||||
12/31/2012 | 10116.00 | 10471.00 | ||||||
31-Mar | 9656.00 | 10087.00 | ||||||
6/30/2013 | 8763.00 | 9217.00 | ||||||
30-Sep | 9831.00 | 10463.00 | ||||||
12/31/2013 | 10142.00 | 10710.00 | ||||||
31-Mar | 8527.00 | 9047.00 | ||||||
6/30/2014 | 9468.00 | 10146.00 | ||||||
30-Sep | 8088.00 | 8534.00 | ||||||
12/31/2014 | 5680.00 | 5750.00 | ||||||
31-Mar | 6315.00 | 6785.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037806.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, 2015
MMC NORILSK | ||||||||||
DESCRIPTION | GAZPROM OAO ADR | LUKOIL OAO ADR | MAGNIT PJSC GDR | NICKEL OJSC ADR | TATNEFT OAO ADR | |||||
MARKET VALUE | $4,711,813 | 3,724,637 | 2,041,898 | 1,428,093 | 1,396,406 | |||||
% OF NET ASSETS | 15.5 | 12.2 | 6.7 | 4.7 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 50.2 | % | ||||
Metals & Mining | 11.3 | |||||
Banks | 9.7 | |||||
Food & Staples Retailing | 8.6 | |||||
Wireless Telecommunication Services | 6.2 | |||||
Internet Software & Services | 3.1 | |||||
Chemicals | 2.8 | |||||
Diversified Telecommunication Services | 1.7 | |||||
Household Durables | 1.5 | |||||
Electric Utilities | 1.1 | |||||
Energy Equipment & Services | 1.0 | |||||
Real Estate Management & Development | 0.7 | |||||
IT Services | 0.6 | |||||
Road & Rail | 0.3 | |||||
Media | 0.2 | |||||
Pharmaceuticals | 0.2 | |||||
Short Term Investments | 0.9 | |||||
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. |
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, 2015 (as supplemented February 3, 2015) is 0.59%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 10.92% | 11.34% | 10.87% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 18.44% | 18.91% | 18.99% | 18.44% | 18.91% | 18.99% | ||||||||||||||||||
THREE YEARS | 31.16% | 32.85% | 34.26% | 9.46% | 9.93% | 10.33% | ||||||||||||||||||
FIVE YEARS | 29.23% | 30.09% | 31.00% | 5.26% | 5.40% | 5.55% | ||||||||||||||||||
SINCE INCEPTION (1) | 84.67% | 85.96% | 88.76% | 7.94% | 8.03% | 8.23% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2015. |
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 | ||||||
31-Mar | 10355.00 | 10373.00 | ||||||
6/30/2007 | 12838.00 | 12985.00 | ||||||
30-Sep | 18064.00 | 18288.00 | ||||||
12/31/2007 | 17666.00 | 17839.00 | ||||||
31-Mar | 13300.00 | 13441.00 | ||||||
6/30/2008 | 13088.00 | 13030.00 | ||||||
30-Sep | 9890.00 | 9751.00 | ||||||
12/31/2008 | 8712.00 | 8524.00 | ||||||
31-Mar | 8831.00 | 8747.00 | ||||||
6/30/2009 | 12022.00 | 12076.00 | ||||||
30-Sep | 13158.00 | 13093.00 | ||||||
12/31/2009 | 14411.00 | 14460.00 | ||||||
31-Mar | 14291.00 | 14412.00 | ||||||
6/30/2010 | 13608.00 | 13683.00 | ||||||
30-Sep | 15248.00 | 15493.00 | ||||||
12/31/2010 | 15376.00 | 15790.00 | ||||||
31-Mar | 16024.00 | 16370.00 | ||||||
6/30/2011 | 15733.00 | 15920.00 | ||||||
30-Sep | 11746.00 | 11713.00 | ||||||
12/31/2011 | 12728.00 | 12643.00 | ||||||
31-Mar | 14080.00 | 14062.00 | ||||||
6/30/2012 | 13117.00 | 13084.00 | ||||||
30-Sep | 13646.00 | 13559.00 | ||||||
12/31/2012 | 15203.00 | 15244.00 | ||||||
31-Mar | 14645.00 | 14774.00 | ||||||
6/30/2013 | 13860.00 | 14026.00 | ||||||
30-Sep | 15857.00 | 16015.00 | ||||||
12/31/2013 | 16628.00 | 16825.00 | ||||||
31-Mar | 15592.00 | 15868.00 | ||||||
6/30/2014 | 16404.00 | 16692.00 | ||||||
30-Sep | 16650.00 | 17026.00 | ||||||
12/31/2014 | 17454.00 | 17813.00 | ||||||
31-Mar | 18467.00 | 18876.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037807.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, 2015
TENCENT | CHINA | CHINA CONSTRUCTION | INDUSTRIAL & COMMERCIAL | |||||||
DESCRIPTION | HOLDINGS, LTD. | MOBILE, LTD. | BANK CORP. (CLASS H) | BANK OF CHINA, LTD. (CLASS H) | BAIDU, INC. ADR | |||||
MARKET VALUE | $91,758,094 | 65,819,439 | 62,967,247 | 54,248,379 | 51,872,636 | |||||
% OF NET ASSETS | 8.2 | 5.9 | 5.6 | 4.9 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 18.6 | % | ||||
Internet Software & Services | 17.4 | |||||
Insurance | 7.1 | |||||
Oil, Gas & Consumable Fuels | 7.0 | |||||
Wireless Telecommunication Services | 5.9 | |||||
Real Estate Management & Development | 4.8 | |||||
Food Products | 2.7 | |||||
Semiconductors & Semiconductor Equipment | 2.2 | |||||
Automobiles | 2.2 | |||||
Internet & Catalog Retail | 2.2 | |||||
Independent Power and Renewable Electricity Producers | 2.0 | |||||
Pharmaceuticals | 1.9 | |||||
Transportation Infrastructure | 1.8 | |||||
Construction & Engineering | 1.7 | |||||
Diversified Telecommunication Services | 1.6 | |||||
Machinery | 1.5 | |||||
Industrial Conglomerates | 1.4 | |||||
Capital Markets | 1.3 | |||||
Metals & Mining | 1.2 | |||||
Electronic Equipment, Instruments & Components | 1.1 | |||||
Construction Materials | 1.1 | |||||
Textiles, Apparel & Luxury Goods | 1.0 | |||||
Technology Hardware, Storage & Peripherals | 0.9 | |||||
Personal Products | 0.9 | |||||
Electrical Equipment | 0.8 | |||||
Water Utilities | 0.7 | |||||
Gas Utilities | 0.7 | |||||
Health Care Providers & Services | 0.6 | |||||
Software | 0.6 | |||||
Communications Equipment | 0.6 | |||||
Chemicals | 0.5 | |||||
Diversified Consumer Services | 0.5 | |||||
Household Durables | 0.5 | |||||
Airlines | 0.5 | |||||
Health Care Equipment & Supplies | 0.4 | |||||
Food & Staples Retailing | 0.4 | |||||
Marine | 0.4 | |||||
Commercial Services & Supplies | 0.3 | |||||
Hotels, Restaurants & Leisure | 0.3 | |||||
Energy Equipment & Services | 0.3 | |||||
Specialty Retail | 0.3 | |||||
IT Services | 0.3 | |||||
Auto Components | 0.2 | |||||
Paper & Forest Products | 0.2 | |||||
Road & Rail | 0.2 | |||||
Media | 0.2 | |||||
Beverages | 0.2 | |||||
Multiline Retail | 0.2 | |||||
Aerospace & Defense | 0.1 | |||||
Household Products | 0.1 | |||||
Diversified Financial Services | 0.1 | |||||
Consumer Finance | 0.1 | |||||
Air Freight & Logistics | 0.1 | |||||
Trading Companies & Distributors | 0.0 | ** | ||||
Containers & Packaging | 0.0 | ** | ||||
Building Products | 0.0 | ** | ||||
Distributors | 0.0 | ** | ||||
Short Term Investments | 9.4 | |||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
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, 2015 (as supplemented February 3, 2015) is 0.59%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −1.59% | −2.04% | −2.43% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 3.62% | 3.60% | 2.42% | 3.62% | 3.60% | 2.42% | ||||||||||||||||||
THREE YEARS | 3.69% | 3.37% | 4.39% | 1.22% | 1.11% | 1.44% | ||||||||||||||||||
FIVE YEARS | 11.11% | 10.57% | 11.11% | 2.13% | 2.03% | 2.13% | ||||||||||||||||||
SINCE INCEPTION (1) | 39.15% | 38.88% | 40.25% | 4.20% | 4.17% | 4.30% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2015. |
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 | |||||||
3/20/2007 | 10000.00 | 10000.00 | ||||||
31-Mar | 10338.00 | 10389.00 | ||||||
6/30/2007 | 11824.00 | 11927.00 | ||||||
30-Sep | 13520.00 | 13574.00 | ||||||
12/31/2007 | 14133.00 | 14293.00 | ||||||
31-Mar | 12706.00 | 12784.00 | ||||||
6/30/2008 | 12780.00 | 12674.00 | ||||||
30-Sep | 9494.00 | 9237.00 | ||||||
12/31/2008 | 6946.00 | 6651.00 | ||||||
31-Mar | 6977.00 | 6771.00 | ||||||
6/30/2009 | 9462.00 | 9346.00 | ||||||
30-Sep | 11208.00 | 11159.00 | ||||||
12/31/2009 | 12296.00 | 12280.00 | ||||||
31-Mar | 12524.00 | 12619.00 | ||||||
6/30/2010 | 11424.00 | 11588.00 | ||||||
30-Sep | 13478.00 | 13744.00 | ||||||
12/31/2010 | 14525.00 | 14742.00 | ||||||
31-Mar | 14736.00 | 14840.00 | ||||||
6/30/2011 | 14478.00 | 14619.00 | ||||||
30-Sep | 11314.00 | 11335.00 | ||||||
12/31/2011 | 11759.00 | 11690.00 | ||||||
31-Mar | 13420.00 | 13432.00 | ||||||
6/30/2012 | 12158.00 | 12234.00 | ||||||
30-Sep | 13077.00 | 13153.00 | ||||||
12/31/2012 | 13734.00 | 13894.00 | ||||||
31-Mar | 13562.00 | 13851.00 | ||||||
6/30/2013 | 12619.00 | 12840.00 | ||||||
30-Sep | 13248.00 | 13446.00 | ||||||
12/31/2013 | 13501.00 | 13718.00 | ||||||
31-Mar | 13429.00 | 13694.00 | ||||||
6/30/2014 | 14421.00 | 14736.00 | ||||||
30-Sep | 14140.00 | 14374.00 | ||||||
12/31/2014 | 13665.00 | 13802.00 | ||||||
31-Mar | 13915.00 | 14025.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037808.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, 2015
TENCENT | TAIWAN SEMICONDUCTOR | CHINA CONSTRUCTION | ||||||||
DESCRIPTION | HOLDINGS, LTD. | CHINA MOBILE, LTD. | MANUFACTURING CO., LTD. | NASPERS, LTD. (CLASS N) | BANK CORP. (CLASS H) | |||||
MARKET VALUE | $5,364,839 | 3,580,927 | 3,331,759 | 3,039,382 | 3,020,443 | |||||
% OF NET ASSETS | 2.7 | 1.8 | 1.7 | 1.5 | 1.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 17.8 | % | ||||
Oil, Gas & Consumable Fuels | 8.3 | |||||
Wireless Telecommunication Services | 5.7 | |||||
Internet Software & Services | 5.3 | |||||
Semiconductors & Semiconductor Equipment | 4.1 | |||||
Metals & Mining | 3.4 | |||||
Insurance | 3.3 | |||||
Real Estate Management & Development | 3.2 | |||||
Food Products | 2.8 | |||||
Electronic Equipment, Instruments & Components | 2.5 | |||||
Automobiles | 2.4 | |||||
IT Services | 2.3 | |||||
Beverages | 2.1 | |||||
Media | 2.1 | |||||
Pharmaceuticals | 2.0 | |||||
Diversified Financial Services | 1.8 | |||||
Diversified Telecommunication Services | 1.8 | |||||
Technology Hardware, Storage & Peripherals | 1.8 | |||||
Industrial Conglomerates | 1.6 | |||||
Transportation Infrastructure | 1.5 | |||||
Construction & Engineering | 1.5 | |||||
Construction Materials | 1.4 | |||||
Independent Power and Renewable Electricity Producers | 1.4 | |||||
Food & Staples Retailing | 1.3 | |||||
Chemicals | 1.3 | |||||
Multiline Retail | 1.2 | |||||
Thrifts & Mortgage Finance | 1.1 | |||||
Electric Utilities | 1.0 | |||||
Household Durables | 1.0 | |||||
Specialty Retail | 1.0 | |||||
Hotels, Restaurants & Leisure | 0.8 | |||||
Capital Markets | 0.7 | |||||
Internet & Catalog Retail | 0.7 | |||||
Airlines | 0.6 | |||||
Household Products | 0.6 | |||||
Electrical Equipment | 0.5 | |||||
Textiles, Apparel & Luxury Goods | 0.5 | |||||
Health Care Providers & Services | 0.5 | |||||
Paper & Forest Products | 0.5 | |||||
Personal Products | 0.5 | |||||
Machinery | 0.4 | |||||
Gas Utilities | 0.4 | |||||
Tobacco | 0.3 | |||||
Water Utilities | 0.3 | |||||
Marine | 0.3 | |||||
Energy Equipment & Services | 0.3 | |||||
Air Freight & Logistics | 0.2 | |||||
Aerospace & Defense | 0.2 | |||||
Trading Companies & Distributors | 0.2 | |||||
Real Estate Investment Trusts | 0.2 | |||||
Building Products | 0.1 | |||||
Consumer Finance | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Leisure Products | 0.1 | |||||
Health Care Equipment & Supplies | 0.1 | |||||
Communications Equipment | 0.1 | |||||
Road & Rail | 0.1 | |||||
Auto Components | 0.1 | |||||
Software | 0.1 | |||||
Distributors | 0.1 | |||||
Commercial Services & Supplies | 0.1 | |||||
Professional Services | 0.0 | ** | ||||
Containers & Packaging | 0.0 | ** | ||||
Biotechnology | 0.0 | ** | ||||
Short Term Investments | 5.5 | |||||
Other Assets & Liabilities | (3.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
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, 2015 (as supplemented February 3, 2015) is 0.49%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −8.67% | −8.38% | −8.24% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −9.07% | −8.67% | −8.54% | −9.07% | −8.67% | −8.54% | ||||||||||||||||||
THREE YEARS | −23.74% | −23.73% | −21.96% | −8.64% | −8.63% | −7.94% | ||||||||||||||||||
SINCE INCEPTION (1) | −18.90% | −18.73% | −13.60% | −4.98% | −4.93% | −3.51% | ||||||||||||||||||
(1) | For the period February 23, 2011 to March 31, 2015. |
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 | |||||||
(a) | (b) | |||||||
2/23/2011 | 10000.00 | 10000.00 | ||||||
31-Mar | 10532.00 | 10689.00 | ||||||
6/30/2011 | 11015.00 | 11253.00 | ||||||
30-Sep | 9127.00 | 9409.00 | ||||||
12/31/2011 | 9788.00 | 10162.00 | ||||||
31-Mar | 10634.00 | 11071.00 | ||||||
6/30/2012 | 9556.00 | 9944.00 | ||||||
30-Sep | 9633.00 | 10045.00 | ||||||
12/31/2012 | 10322.00 | 10771.00 | ||||||
31-Mar | 9976.00 | �� | 10534.00 | |||||
6/30/2013 | 8908.00 | 9399.00 | ||||||
30-Sep | 9363.00 | 9870.00 | ||||||
12/31/2013 | 9100.00 | 9595.00 | ||||||
31-Mar | 8919.00 | 9446.00 | ||||||
6/30/2014 | 9523.00 | 10086.00 | ||||||
30-Sep | 8880.00 | 9416.00 | ||||||
12/31/2014 | 8359.00 | 8887.00 | ||||||
31-Mar | 8110.00 | 8640.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037809.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
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1spdrrgsr.gif)
SPDR S&P Emerging Markets Dividend ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
JIANGSU EXPRESSWAY CO., | ASUSTEK | PTT GLOBAL | ADVANCED INFO | |||||||
DESCRIPTION | LTD. (CLASS H) | COMPUTER, INC. | SK TELECOM CO., LTD. | CHEMICAL PCL NVDR | SERVICE PCL NVDR | |||||
MARKET VALUE | $14,550,005 | 13,248,322 | 13,015,255 | 12,736,379 | 12,680,629 | |||||
% OF NET ASSETS | 3.4 | 3.1 | 3.1 | 3.0 | 3.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Wireless Telecommunication Services | 14.6 | % | ||||
Real Estate Management & Development | 9.5 | |||||
Banks | 8.6 | |||||
Metals & Mining | 8.0 | |||||
Transportation Infrastructure | 7.5 | |||||
Electric Utilities | 5.9 | |||||
Technology Hardware, Storage & Peripherals | 5.4 | |||||
Oil, Gas & Consumable Fuels | 4.8 | |||||
Chemicals | 3.8 | |||||
Real Estate Investment Trusts | 3.7 | |||||
Water Utilities | 3.6 | |||||
Independent Power and Renewable Electricity Producers | 3.3 | |||||
Electronic Equipment, Instruments & Components | 2.2 | |||||
Specialty Retail | 1.9 | |||||
Insurance | 1.8 | |||||
Tobacco | 1.8 | |||||
Semiconductors & Semiconductor Equipment | 1.6 | |||||
Food & Staples Retailing | 1.4 | |||||
Construction Materials | 1.4 | |||||
Automobiles | 1.4 | |||||
Industrial Conglomerates | 1.3 | |||||
Capital Markets | 1.1 | |||||
Auto Components | 1.1 | |||||
Diversified Telecommunication Services | 1.1 | |||||
Thrifts & Mortgage Finance | 1.0 | |||||
Textiles, Apparel & Luxury Goods | 0.9 | |||||
Multi-Utilities | 0.5 | |||||
Energy Equipment & Services | 0.3 | |||||
Machinery | 0.2 | |||||
Short Term Investments | 14.2 | |||||
Other Assets & Liabilities | (13.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
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, 2015 (as supplemented February 3, 2015) is 0.49%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −1.35% | −1.19% | −0.94% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 4.30% | 4.27% | 5.14% | 4.30% | 4.27% | 5.14% | ||||||||||||||||||
THREE YEARS | −0.91% | −0.67% | 1.17% | −0.30% | −0.22% | 0.39% | ||||||||||||||||||
FIVE YEARS | 1.52% | 1.07% | 4.91% | 0.30% | 0.21% | 0.96% | ||||||||||||||||||
SINCE INCEPTION (1) | 11.37% | 11.43% | 16.32% | 1.39% | 1.40% | 1.96% | ||||||||||||||||||
(1) | For the period June 19, 2007 to March 31, 2015. |
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 | |||||||
6/19/2007 | 10000.00 | 10000.00 | ||||||
30-Jun | 9954.00 | 9955.00 | ||||||
9/30/2007 | 12540.00 | 12554.00 | ||||||
31-Dec | 13472.00 | 13504.00 | ||||||
3/31/2008 | 11532.00 | 11565.00 | ||||||
30-Jun | 12423.00 | 12473.00 | ||||||
9/30/2008 | 8467.00 | 8510.00 | ||||||
31-Dec | 6059.00 | 6073.00 | ||||||
3/31/2009 | 6319.00 | 6344.00 | ||||||
30-Jun | 8580.00 | 8625.00 | ||||||
9/30/2009 | 10002.00 | 10086.00 | ||||||
31-Dec | 10978.00 | 11073.00 | ||||||
3/31/2010 | 10970.00 | 11089.00 | ||||||
30-Jun | 10082.00 | 10206.00 | ||||||
9/30/2010 | 11402.00 | 11575.00 | ||||||
31-Dec | 12121.00 | 12341.00 | ||||||
3/31/2011 | 13009.00 | 13255.00 | ||||||
30-Jun | 12455.00 | 12749.00 | ||||||
9/30/2011 | 9407.00 | 9595.00 | ||||||
31-Dec | 9966.00 | 10175.00 | ||||||
3/31/2012 | 11239.00 | 11497.00 | ||||||
30-Jun | 9916.00 | 10213.00 | ||||||
9/30/2012 | 10613.00 | 10907.00 | ||||||
31-Dec | 11226.00 | 11558.00 | ||||||
3/31/2013 | 10837.00 | 11167.00 | ||||||
30-Jun | 9844.00 | 10158.00 | ||||||
9/30/2013 | 11139.00 | 11520.00 | ||||||
31-Dec | 11346.00 | 11741.00 | ||||||
3/31/2014 | 10678.00 | 11064.00 | ||||||
30-Jun | 11576.00 | 12017.00 | ||||||
9/30/2014 | 11290.00 | 11743.00 | ||||||
31-Dec | 10891.00 | 11347.00 | ||||||
3/31/2015 | 11137.00 | 11632.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037810.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, 2015
INDUSTRIAL & | ||||||||||
COMMERCIAL | ||||||||||
TENCENT | CHINA CONSTRUCTION | BANK OF CHINA, LTD. | ||||||||
DESCRIPTION | HOLDINGS, LTD. | CHINA MOBILE, LTD. | BANK CORP. (CLASS H) | (CLASS H) | BAIDU, INC. ADR | |||||
MARKET VALUE | $11,545,927 | 8,171,133 | 7,731,281 | 6,856,106 | 6,484,783 | |||||
% OF NET ASSETS | 10.5 | 7.4 | 7.0 | 6.2 | 5.9 | |||||
(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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 32.3 | % | ||||
Internet Software & Services | 19.6 | |||||
Oil, Gas & Consumable Fuels | 16.8 | |||||
Wireless Telecommunication Services | 7.4 | |||||
Insurance | 5.9 | |||||
IT Services | 3.5 | |||||
Beverages | 2.7 | |||||
Food Products | 2.1 | |||||
Metals & Mining | 1.8 | |||||
Food & Staples Retailing | 1.5 | |||||
Real Estate Management & Development | 1.3 | |||||
Industrial Conglomerates | 1.0 | |||||
Personal Products | 1.0 | |||||
Technology Hardware, Storage & Peripherals | 1.0 | |||||
Diversified Telecommunication Services | 0.9 | |||||
Automobiles | 0.9 | |||||
Short Term Investments | 9.5 | |||||
Other Assets & Liabilities | (9.2 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
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, 2015 (as supplemented February 3, 2015) is 0.49%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −19.07% | −18.53% | −18.32% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −21.95% | −21.49% | −21.80% | −21.95% | −21.49% | −21.80% | ||||||||||||||||||
THREE YEARS | −28.85% | −28.95% | −28.06% | −10.72% | −10.77% | −10.40% | ||||||||||||||||||
FIVE YEARS | −29.97% | −29.92% | −28.56% | −6.88% | −6.86% | −6.51% | ||||||||||||||||||
SINCE INCEPTION (1) | −39.47% | −39.30% | −36.90% | −6.06% | −6.03% | −5.57% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2015. |
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 Emerging Europe ETF (a | ) | S&P European Emerging Capped BMI Index (b | ) | |||||
3/20/2007 | 10000.00 | 10000.00 | ||||||
3/31/2007 | 10597.00 | 10577.00 | ||||||
6/30/2007 | 11058.00 | 11109.00 | ||||||
9/30/2007 | 11873.00 | 12055.00 | ||||||
12/31/2007 | 13044.00 | 13553.00 | ||||||
3/31/2008 | 11352.00 | 11803.00 | ||||||
6/30/2008 | 12151.00 | 12547.00 | ||||||
9/30/2008 | 7902.00 | 7900.00 | ||||||
12/31/2008 | 4540.00 | 4254.00 | ||||||
3/31/2009 | 4310.00 | 4082.00 | ||||||
6/30/2009 | 5945.00 | 5858.00 | ||||||
9/30/2009 | 7494.00 | 7429.00 | ||||||
12/31/2009 | 8289.00 | 8160.00 | ||||||
3/31/2010 | 8643.00 | 8830.00 | ||||||
6/30/2010 | 7346.00 | 7536.00 | ||||||
9/30/2010 | 8747.00 | 9004.00 | ||||||
12/31/2010 | 9497.00 | 9826.00 | ||||||
3/31/2011 | 10586.00 | 10841.00 | ||||||
6/30/2011 | 10070.00 | 10386.00 | ||||||
9/30/2011 | 7230.00 | 7396.00 | ||||||
12/31/2011 | 7129.00 | 7329.00 | ||||||
3/31/2012 | 8506.00 | 8770.00 | ||||||
6/30/2012 | 7506.00 | 7821.00 | ||||||
9/30/2012 | 8265.00 | 8568.00 | ||||||
12/31/2012 | 8794.00 | 9076.00 | ||||||
3/31/2013 | 8422.00 | 8841.00 | ||||||
6/30/2013 | 7697.00 | 8065.00 | ||||||
9/30/2013 | 8404.00 | 8858.00 | ||||||
12/31/2013 | 8401.00 | 8836.00 | ||||||
3/31/2014 | 7754.00 | 8070.00 | ||||||
6/30/2014 | 8443.00 | 8838.00 | ||||||
9/30/2014 | 7479.00 | 7726.00 | ||||||
12/31/2014 | 6098.00 | 6197.00 | ||||||
3/31/2015 | 6053.00 | 6310.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037811.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
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SPDR S&P Emerging Europe ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
MMC NORILSK | ||||||||||
DESCRIPTION | GAZPROM OAO ADR | LUKOIL OAO ADR | MAGNIT PJSC GDR | SBERBANK | NICKEL OJSC ADR | |||||
MARKET VALUE | $4,203,363 | 3,663,403 | 1,694,911 | 1,653,319 | 1,396,791 | |||||
% OF NET ASSETS | 8.4 | 7.4 | 3.4 | 3.3 | 2.8 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 29.6 | % | ||||
Banks | 22.0 | |||||
Metals & Mining | 8.7 | |||||
Food & Staples Retailing | 5.7 | |||||
Wireless Telecommunication Services | 4.5 | |||||
Electric Utilities | 4.1 | |||||
Diversified Telecommunication Services | 2.8 | |||||
Industrial Conglomerates | 2.7 | |||||
Insurance | 2.3 | |||||
Chemicals | 1.8 | |||||
Internet Software & Services | 1.6 | |||||
Household Durables | 1.5 | |||||
Diversified Financial Services | 1.3 | |||||
Airlines | 1.3 | |||||
Media | 1.0 | |||||
Beverages | 0.9 | |||||
Hotels, Restaurants & Leisure | 0.8 | |||||
Real Estate Investment Trusts | 0.8 | |||||
Pharmaceuticals | 0.8 | |||||
Textiles, Apparel & Luxury Goods | 0.7 | |||||
Real Estate Management & Development | 0.6 | |||||
Specialty Retail | 0.6 | |||||
Software | 0.5 | |||||
Construction Materials | 0.4 | |||||
Energy Equipment & Services | 0.3 | |||||
Distributors | 0.3 | |||||
Transportation Infrastructure | 0.3 | |||||
Marine | 0.3 | |||||
Automobiles | 0.3 | |||||
IT Services | 0.2 | |||||
Food Products | 0.2 | |||||
Construction & Engineering | 0.2 | |||||
Road & Rail | 0.1 | |||||
Machinery | 0.1 | |||||
Water Utilities | 0.1 | |||||
Independent Power and Renewable Electricity Producers | 0.0 | ** | ||||
Short Term Investments | 0.5 | |||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
30
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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, 2015 (as supplemented February 3, 2015) is 0.49%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −21.83% | −21.83% | −22.13% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −20.72% | −20.57% | −21.22% | −20.72% | −20.57% | −21.22% | ||||||||||||||||||
THREE YEARS | −35.52% | −35.72% | −33.89% | −13.61% | −13.70% | −12.89% | ||||||||||||||||||
FIVE YEARS | −33.05% | −33.56% | −29.59% | −7.71% | −7.85% | −6.78% | ||||||||||||||||||
SINCE INCEPTION (1) | −1.52% | −1.74% | 6.20% | −0.19% | −0.22% | 0.75% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2015. |
31
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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 Emerging Latin America ETF | S&P Latin America BMI Index | |||||||
3/20/2007 | 10000.00 | 10000.00 | ||||||
3/31/2007 | 10333.00 | 10407.00 | ||||||
6/30/2007 | 12423.00 | 12580.00 | ||||||
9/30/2007 | 13649.00 | 13850.00 | ||||||
12/31/2007 | 14334.00 | 14711.00 | ||||||
3/31/2008 | 14321.00 | 14446.00 | ||||||
6/30/2008 | 15541.00 | 15887.00 | ||||||
9/30/2008 | 10890.00 | 10880.00 | ||||||
12/31/2008 | 7099.00 | 7139.00 | ||||||
3/31/2009 | 7263.00 | 7481.00 | ||||||
6/30/2009 | 10138.00 | 10429.00 | ||||||
9/30/2009 | 12740.00 | 13092.00 | ||||||
12/31/2009 | 14562.00 | 14848.00 | ||||||
3/31/2010 | 14709.00 | 15084.00 | ||||||
6/30/2010 | 13019.00 | 13403.00 | ||||||
9/30/2010 | 15763.00 | 16248.00 | ||||||
12/31/2010 | 16862.00 | 17452.00 | ||||||
3/31/2011 | 16774.00 | 17499.00 | ||||||
6/30/2011 | 16413.00 | 17118.00 | ||||||
9/30/2011 | 12173.00 | 12899.00 | ||||||
12/31/2011 | 13326.00 | 13952.00 | ||||||
3/31/2012 | 15273.00 | 16064.00 | ||||||
6/30/2012 | 13386.00 | 14088.00 | ||||||
9/30/2012 | 13936.00 | 14831.00 | ||||||
12/31/2012 | 14559.00 | 15572.00 | ||||||
3/31/2013 | 14652.00 | 15780.00 | ||||||
6/30/2013 | 12322.00 | 13414.00 | ||||||
9/30/2013 | 12840.00 | 13872.00 | ||||||
12/31/2013 | 12608.00 | 13549.00 | ||||||
3/31/2014 | 12422.00 | 13480.00 | ||||||
6/30/2014 | 13235.00 | 14426.00 | ||||||
9/30/2014 | 12599.00 | 13638.00 | ||||||
12/31/2014 | 10964.00 | 11829.00 | ||||||
3/31/2015 | 9848.00 | 10620.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037812.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
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SPDR S&P Emerging Latin America ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
ITAU UNIBANCO | ||||||||||
HOLDING SA | BANCO BRADESCO | |||||||||
AMERICA MOVIL | PREFERENCE | SA PREFERENCE | AMBEV | FOMENTO ECONOMICO | ||||||
DESCRIPTION | SAB DE CV (SERIES L) | SHARES ADR | SHARES ADR | SA ADR | MEXICANO SAB DE CV | |||||
MARKET VALUE | $2,007,535 | 1,665,658 | 1,337,055 | 1,241,101 | 1,012,228 | |||||
% OF NET ASSETS | 6.0 | 5.0 | 4.0 | 3.7 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 22.0 | % | ||||
Metals & Mining | 8.1 | |||||
Beverages | 7.8 | |||||
Oil, Gas & Consumable Fuels | 6.9 | |||||
Wireless Telecommunication Services | 6.7 | |||||
Food & Staples Retailing | 4.4 | |||||
Food Products | 4.4 | |||||
Multiline Retail | 3.7 | |||||
Electric Utilities | 3.4 | |||||
Industrial Conglomerates | 2.6 | |||||
Construction Materials | 2.6 | |||||
Media | 2.5 | |||||
Independent Power and Renewable Electricity Producers | 2.2 | |||||
Paper & Forest Products | 2.0 | |||||
Transportation Infrastructure | 2.0 | |||||
Diversified Financial Services | 1.8 | |||||
IT Services | 1.5 | |||||
Real Estate Investment Trusts | 1.1 | |||||
Diversified Telecommunication Services | 1.0 | |||||
Insurance | 1.0 | |||||
Household Products | 0.9 | |||||
Construction & Engineering | 0.9 | |||||
Tobacco | 0.8 | |||||
Diversified Consumer Services | 0.8 | |||||
Aerospace & Defense | 0.8 | |||||
Chemicals | 0.8 | |||||
Personal Products | 0.7 | |||||
Real Estate Management & Development | 0.7 | |||||
Airlines | 0.6 | |||||
Capital Markets | 0.6 | |||||
Machinery | 0.6 | |||||
Containers & Packaging | 0.5 | |||||
Water Utilities | 0.5 | |||||
Household Durables | 0.4 | |||||
Road & Rail | 0.4 | |||||
Software | 0.4 | |||||
Health Care Providers & Services | 0.4 | |||||
Gas Utilities | 0.3 | |||||
Consumer Finance | 0.2 | |||||
Internet & Catalog Retail | 0.2 | |||||
Specialty Retail | 0.2 | |||||
Technology Hardware, Storage & Peripherals | 0.1 | |||||
Pharmaceuticals | 0.1 | |||||
Hotels, Restaurants & Leisure | 0.1 | |||||
Short Term Investments | 14.0 | |||||
Other Assets & Liabilities | (13.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
33
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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, 2015 (as supplemented February 3, 2015) is 0.49%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 0.62% | 0.83% | 1.46% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 0.16% | 0.34% | 1.72% | 0.16% | 0.34% | 1.72% | ||||||||||||||||||
THREE YEARS | 5.91% | 5.25% | 9.24% | 1.93% | 1.72% | 2.99% | ||||||||||||||||||
FIVE YEARS | 19.02% | 18.09% | 24.03% | 3.54% | 3.38% | 4.40% | ||||||||||||||||||
SINCE INCEPTION (1) | 46.01% | 45.24% | 58.49% | 4.82% | 4.76% | 5.90% | ||||||||||||||||||
(1) | For the period March 20, 2007 to March 31, 2015. |
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 East & Africa ETF | S&P Mid-East & Africa BMI Index | |||||||
3/20/2007 | 10000.00 | 10000.00 | ||||||
3/31/2007 | 10452.00 | 10469.00 | ||||||
6/30/2007 | 10892.00 | 11037.00 | ||||||
9/30/2007 | 11584.00 | 11653.00 | ||||||
12/31/2007 | 12042.00 | 12467.00 | ||||||
3/31/2008 | 10818.00 | 11523.00 | ||||||
6/30/2008 | 11245.00 | 11640.00 | ||||||
9/30/2008 | 9340.00 | 9663.00 | ||||||
12/31/2008 | 7612.00 | 7819.00 | ||||||
3/31/2009 | 7297.00 | 7573.00 | ||||||
6/30/2009 | 9373.00 | 9682.00 | ||||||
9/30/2009 | 10652.00 | 10998.00 | ||||||
12/31/2009 | 11582.00 | 11980.00 | ||||||
3/31/2010 | 12267.00 | 12778.00 | ||||||
6/30/2010 | 10852.00 | 11335.00 | ||||||
9/30/2010 | 13198.00 | 13757.00 | ||||||
12/31/2010 | 14837.00 | 15494.00 | ||||||
3/31/2011 | 14226.00 | 14865.00 | ||||||
6/30/2011 | 14018.00 | 14705.00 | ||||||
9/30/2011 | 11703.00 | 12268.00 | ||||||
12/31/2011 | 12263.00 | 12890.00 | ||||||
3/31/2012 | 13786.00 | 14509.00 | �� | |||||
6/30/2012 | 13060.00 | 13736.00 | ||||||
9/30/2012 | 13958.00 | 14678.00 | ||||||
12/31/2012 | 14626.00 | 15412.00 | ||||||
3/31/2013 | 13443.00 | 14247.00 | ||||||
6/30/2013 | 12528.00 | 13281.00 | ||||||
9/30/2013 | 13625.00 | 14462.00 | ||||||
12/31/2013 | 13948.00 | 14856.00 | ||||||
3/31/2014 | 14577.00 | 15580.00 | ||||||
6/30/2014 | 15218.00 | 16334.00 | ||||||
9/30/2014 | 14511.00 | 15620.00 | ||||||
12/31/2014 | 14364.00 | 15524.00 | ||||||
3/31/2015 | 14601.00 | 15849.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037813.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
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SPDR S&P Emerging Middle East & Africa ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
NASPERS, LTD. | STEINHOFF INTERNATIONAL | |||||||||
DESCRIPTION | (CLASS N) | MTN GROUP, LTD. | SASOL, LTD. | HOLDINGS, LTD. | STANDARD BANK GROUP, LTD. | |||||
MARKET VALUE | $6,762,945 | 2,735,279 | 1,819,688 | 1,783,198 | 1,750,001 | |||||
% OF NET ASSETS | 14.0 | 5.6 | 3.8 | 3.7 | 3.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 17.0 | % | ||||
Media | 14.0 | |||||
Wireless Telecommunication Services | 7.6 | |||||
Diversified Financial Services | 7.2 | |||||
Insurance | 4.9 | |||||
Oil, Gas & Consumable Fuels | 4.4 | |||||
Metals & Mining | 4.3 | |||||
Real Estate Management & Development | 4.0 | |||||
Household Durables | 3.7 | |||||
Real Estate Investment Trusts | 3.4 | |||||
Industrial Conglomerates | 2.9 | |||||
Food Products | 2.8 | |||||
Health Care Providers & Services | 2.8 | |||||
Food & Staples Retailing | 2.7 | |||||
Specialty Retail | 2.7 | |||||
Pharmaceuticals | 2.2 | |||||
Capital Markets | 1.9 | |||||
Diversified Telecommunication Services | 1.7 | |||||
Multiline Retail | 1.2 | |||||
Paper & Forest Products | 0.9 | |||||
Transportation Infrastructure | 0.8 | |||||
Construction & Engineering | 0.8 | |||||
Distributors | 0.7 | |||||
Chemicals | 0.7 | |||||
Containers & Packaging | 0.6 | |||||
Hotels, Restaurants & Leisure | 0.5 | |||||
Marine | 0.5 | |||||
Trading Companies & Distributors | 0.4 | |||||
Construction Materials | 0.4 | |||||
Multi-Utilities | 0.3 | |||||
Energy Equipment & Services | 0.3 | |||||
Electronic Equipment, Instruments & Components | 0.2 | |||||
Airlines | 0.2 | |||||
Electrical Equipment | 0.2 | |||||
IT Services | 0.1 | |||||
Tobacco | 0.1 | |||||
Building Products | 0.1 | |||||
Commercial Services & Supplies | 0.1 | |||||
Professional Services | 0.0 | ** | ||||
Textiles, Apparel & Luxury Goods | 0.0 | ** | ||||
Short Term Investments | 3.4 | |||||
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. | |
** | 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, 2015 (as supplemented February 3, 2015) is 0.34%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 0.52% | 0.89% | 0.36% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −0.81% | −0.89% | −0.98% | −0.81% | −0.89% | −0.98% | ||||||||||||||||||
THREE YEARS | 26.09% | 25.25% | 28.71% | 8.03% | 7.79% | 8.78% | ||||||||||||||||||
FIVE YEARS | 33.23% | 33.13% | 37.88% | 5.91% | 5.89% | 6.64% | ||||||||||||||||||
SINCE INCEPTION (1) | 5.80% | 5.83% | 10.82% | 0.71% | 0.72% | 1.30% | ||||||||||||||||||
(1) | For the period April 20, 2007 to March 31, 2015. |
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 World ex-US ETF (a | ) | S&P Developed Ex-U.S. BMI Index (b | ) | |||||
10000.00 | 10000.00 | |||||||
4/20/2007 | 10000.00 | 9986.00 | ||||||
6/30/2007 | 10235.00 | 10248.00 | ||||||
9/30/2007 | 10457.00 | 10497.00 | ||||||
12/31/2007 | 10239.00 | 10289.00 | ||||||
3/31/2008 | 9370.00 | 9407.00 | ||||||
6/30/2008 | 9230.00 | 9272.00 | ||||||
9/30/2008 | 7306.00 | 7314.00 | ||||||
12/31/2008 | 5854.00 | 5740.00 | ||||||
3/31/2009 | 5117.00 | 5036.00 | ||||||
6/30/2009 | 6415.00 | 6404.00 | ||||||
9/30/2009 | 7647.00 | 7706.00 | ||||||
12/31/2009 | 7807.00 | 7886.00 | ||||||
3/31/2010 | 7941.00 | 8038.00 | ||||||
6/30/2010 | 6908.00 | 7014.00 | ||||||
9/30/2010 | 8030.00 | 8170.00 | ||||||
12/31/2010 | 8622.00 | 8830.00 | ||||||
3/31/2011 | 8943.00 | 9188.00 | ||||||
6/30/2011 | 9014.00 | 9294.00 | ||||||
9/30/2011 | 7281.00 | 7504.00 | ||||||
12/31/2011 | 7565.00 | 7755.00 | ||||||
3/31/2012 | 8390.00 | 8611.00 | ||||||
6/30/2012 | 7777.00 | 7993.00 | ||||||
9/30/2012 | 8373.00 | 8609.00 | ||||||
12/31/2012 | 8844.00 | 9106.00 | ||||||
3/31/2013 | 9239.00 | 9549.00 | ||||||
6/30/2013 | 9028.00 | 9378.00 | ||||||
9/30/2013 | 10070.00 | 10490.00 | ||||||
12/31/2013 | 10566.00 | 11058.00 | ||||||
3/31/2014 | 10666.00 | 11192.00 | ||||||
6/30/2014 | 11171.00 | 11731.00 | ||||||
9/30/2014 | 10525.00 | 11042.00 | ||||||
12/31/2014 | 10138.00 | 10631.00 | ||||||
3/31/2015 | 10580.00 | 11082.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037814.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, 2015
ROCHE | TOYOTA | SAMSUNG ELECTRONICS | ||||||||
DESCRIPTION | NOVARTIS AG | NESTLE SA | HOLDING AG | MOTOR CORP. | CO., LTD. GDR | |||||
MARKET VALUE | $11,085,215 | 10,432,805 | 8,894,251 | 8,163,717 | 7,315,840 | |||||
% OF NET ASSETS | 1.5 | 1.4 | 1.2 | 1.1 | 1.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 12.6 | % | ||||
Pharmaceuticals | 8.2 | |||||
Oil, Gas & Consumable Fuels | 5.5 | |||||
Insurance | 5.4 | |||||
Automobiles | 3.6 | |||||
Food Products | 3.5 | |||||
Chemicals | 3.4 | |||||
Metals & Mining | 3.3 | |||||
Real Estate Management & Development | 2.5 | |||||
Machinery | 2.4 | |||||
Diversified Telecommunication Services | 2.2 | |||||
Media | 2.1 | |||||
Capital Markets | 2.0 | |||||
Beverages | 2.0 | |||||
Real Estate Investment Trusts | 1.8 | |||||
Food & Staples Retailing | 1.7 | |||||
Technology Hardware, Storage & Peripherals | 1.7 | |||||
Hotels, Restaurants & Leisure | 1.7 | |||||
Electronic Equipment, Instruments & Components | 1.6 | |||||
Road & Rail | 1.6 | |||||
Wireless Telecommunication Services | 1.5 | |||||
Electric Utilities | 1.5 | |||||
Industrial Conglomerates | 1.4 | |||||
Auto Components | 1.4 | |||||
Trading Companies & Distributors | 1.4 | |||||
Textiles, Apparel & Luxury Goods | 1.3 | |||||
Electrical Equipment | 1.2 | |||||
Semiconductors & Semiconductor Equipment | 1.2 | |||||
Tobacco | 1.1 | |||||
Construction & Engineering | 1.1 | |||||
Software | 1.1 | |||||
Specialty Retail | 1.0 | |||||
Household Durables | 1.0 | |||||
Aerospace & Defense | 1.0 | |||||
Multi-Utilities | 1.0 | |||||
Commercial Services & Supplies | 0.8 | |||||
Health Care Equipment & Supplies | 0.8 | |||||
Household Products | 0.8 | |||||
Diversified Financial Services | 0.8 | |||||
Building Products | 0.7 | |||||
IT Services | 0.7 | |||||
Professional Services | 0.6 | |||||
Personal Products | 0.6 | |||||
Health Care Providers & Services | 0.5 | |||||
Multiline Retail | 0.5 | |||||
Gas Utilities | 0.5 | |||||
Communications Equipment | 0.5 | |||||
Construction Materials | 0.5 | |||||
Biotechnology | 0.4 | |||||
Air Freight & Logistics | 0.4 | |||||
Transportation Infrastructure | 0.4 | |||||
Energy Equipment & Services | 0.4 | |||||
Marine | 0.4 | |||||
Internet Software & Services | 0.3 | |||||
Airlines | 0.3 | |||||
Containers & Packaging | 0.3 | |||||
Paper & Forest Products | 0.2 | |||||
Leisure Products | 0.2 | |||||
Internet & Catalog Retail | 0.1 | |||||
Independent Power and Renewable Electricity Producers | 0.1 | |||||
Consumer Finance | 0.1 | |||||
Water Utilities | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Thrifts & Mortgage Finance | 0.1 | |||||
Health Care Technology | 0.0 | ** | ||||
Distributors | 0.0 | ** | ||||
Life Sciences Tools & Services | 0.0 | ** | ||||
Short Term Investments | 7.4 | |||||
Other Assets & Liabilities | (6.6 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
NET ASSET | MARKET | EX-U.S. UNDER USD2 | NET ASSET | MARKET | EX-U.S. UNDER USD2 | |||||||||||||||||||
VALUE | VALUE | BILLION INDEX | VALUE | VALUE | BILLION INDEX | |||||||||||||||||||
SIX MONTHS | −0.33% | −0.10% | −0.69% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −3.59% | −3.27% | −3.08% | −3.59% | −3.27% | −3.08% | ||||||||||||||||||
THREE YEARS | 21.51% | 20.78% | 23.35% | 6.71% | 6.49% | 7.25% | ||||||||||||||||||
FIVE YEARS | 38.69% | 37.78% | 36.89% | 6.76% | 6.62% | 6.48% | ||||||||||||||||||
SINCE INCEPTION (1) | 9.87% | 9.85% | 7.71% | 1.19% | 1.19% | 0.94% | ||||||||||||||||||
(1) | For the period April 20, 2007 to March 31, 2015. |
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)
SPDR S&P International Small Cap ETF (a | ) | S&P Developed Ex-U.S. under USD2 Billion Index (b | ) | |||||
10000.00 | 10000.00 | |||||||
4/20/2007 | 10000.00 | 10057.00 | ||||||
6/30/2007 | 10250.00 | 10312.00 | ||||||
9/30/2007 | 10313.00 | 10290.00 | ||||||
12/31/2007 | 9777.00 | 9705.00 | ||||||
3/31/2008 | 9152.00 | 8971.00 | ||||||
6/30/2008 | 8848.00 | 8756.00 | ||||||
9/30/2008 | 6824.00 | 6630.00 | ||||||
12/31/2008 | 5331.00 | 5136.00 | ||||||
3/31/2009 | 4730.00 | 4650.00 | ||||||
6/30/2009 | 6284.00 | 6186.00 | ||||||
9/30/2009 | 7539.00 | 7420.00 | ||||||
12/31/2009 | 7543.00 | 7483.00 | ||||||
3/31/2010 | 7921.00 | 7868.00 | ||||||
6/30/2010 | 7247.00 | 7072.00 | ||||||
9/30/2010 | 8408.00 | 8196.00 | ||||||
12/31/2010 | 9388.00 | 9211.00 | ||||||
3/31/2011 | 9670.00 | 9509.00 | ||||||
6/30/2011 | 9666.00 | 9439.00 | ||||||
9/30/2011 | 7929.00 | 7695.00 | ||||||
12/31/2011 | 7921.00 | 7706.00 | ||||||
3/31/2012 | 9042.00 | 8733.00 | ||||||
6/30/2012 | 8172.00 | 7922.00 | ||||||
9/30/2012 | 8780.00 | 8516.00 | ||||||
12/31/2012 | 9167.00 | 8884.00 | ||||||
3/31/2013 | 9912.00 | 9536.00 | ||||||
6/30/2013 | 9453.00 | 9141.00 | ||||||
9/30/2013 | 10734.00 | 10423.00 | ||||||
12/31/2013 | 11157.00 | 10775.00 | ||||||
3/31/2014 | 11396.00 | 11113.00 | ||||||
6/30/2014 | 11864.00 | 11634.00 | ||||||
9/30/2014 | 11023.00 | 10846.00 | ||||||
12/31/2014 | 10471.00 | 10273.00 | ||||||
3/31/2015 | 10987.00 | 10771.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037815.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, 2015
DESCRIPTION | SHOCHIKU CO., LTD. | BELIMO HOLDING AG | FIRSTSERVICE CORP. | VIDRALA SA | INDUS HOLDING AG | |||||
MARKET VALUE | $2,968,495 | 2,795,810 | 2,623,817 | 2,595,968 | 2,450,008 | |||||
% OF NET ASSETS | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Investment Trusts | 5.9 | % | ||||
Banks | 5.4 | |||||
Real Estate Management & Development | 4.6 | |||||
Metals & Mining | 4.6 | |||||
Machinery | 4.2 | |||||
Electronic Equipment, Instruments & Components | 3.7 | |||||
Chemicals | 3.6 | |||||
Capital Markets | 3.4 | |||||
Hotels, Restaurants & Leisure | 3.3 | |||||
Commercial Services & Supplies | 3.0 | |||||
Construction & Engineering | 2.9 | |||||
Media | 2.9 | |||||
Food Products | 2.8 | |||||
Specialty Retail | 2.7 | |||||
Pharmaceuticals | 2.4 | |||||
Software | 2.4 | |||||
Oil, Gas & Consumable Fuels | 2.2 | |||||
Trading Companies & Distributors | 2.2 | |||||
Semiconductors & Semiconductor Equipment | 2.1 | |||||
Auto Components | 2.0 | |||||
Textiles, Apparel & Luxury Goods | 1.8 | |||||
Food & Staples Retailing | 1.8 | |||||
Biotechnology | 1.7 | |||||
Building Products | 1.7 | |||||
Health Care Providers & Services | 1.6 | |||||
Household Durables | 1.6 | |||||
IT Services | 1.4 | |||||
Electrical Equipment | 1.3 | |||||
Road & Rail | 1.2 | |||||
Paper & Forest Products | 1.2 | |||||
Health Care Equipment & Supplies | 1.1 | |||||
Communications Equipment | 1.0 | |||||
Insurance | 0.9 | |||||
Containers & Packaging | 0.9 | |||||
Diversified Consumer Services | 0.9 | |||||
Internet Software & Services | 0.8 | |||||
Industrial Conglomerates | 0.8 | |||||
Professional Services | 0.8 | |||||
Construction Materials | 0.7 | |||||
Diversified Telecommunication Services | 0.7 | |||||
Diversified Financial Services | 0.6 | |||||
Beverages | 0.6 | |||||
Personal Products | 0.6 | |||||
Energy Equipment & Services | 0.5 | |||||
Internet & Catalog Retail | 0.5 | |||||
Air Freight & Logistics | 0.5 | |||||
Thrifts & Mortgage Finance | 0.5 | |||||
Consumer Finance | 0.5 | |||||
Independent Power and Renewable Electricity Producers | 0.4 | |||||
Distributors | 0.4 | |||||
Marine | 0.4 | |||||
Aerospace & Defense | 0.4 | |||||
Multiline Retail | 0.4 | |||||
Technology Hardware, Storage & Peripherals | 0.3 | |||||
Airlines | 0.3 | |||||
Leisure Products | 0.3 | |||||
Electric Utilities | 0.3 | |||||
Transportation Infrastructure | 0.3 | |||||
Gas Utilities | 0.2 | |||||
Wireless Telecommunication Services | 0.2 | |||||
Multi-Utilities | 0.2 | |||||
Household Products | 0.1 | |||||
Life Sciences Tools & Services | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Automobiles | 0.1 | |||||
Water Utilities | 0.0 | ** | ||||
Commercial & Professional Services | 0.0 | ** | ||||
Short Term Investments | 13.3 | |||||
Other Assets & Liabilities | (12.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
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, 2015 (as supplemented February 3, 2015) is 0.59%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 5.49% | 5.79% | 5.62% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 8.56% | 8.46% | 8.80% | 8.56% | 8.46% | 8.80% | ||||||||||||||||||
THREE YEARS | 36.46% | 36.01% | 37.86% | 10.92% | 10.80% | 11.30% | ||||||||||||||||||
FIVE YEARS | 61.70% | 61.70% | 65.42% | 10.09% | 10.09% | 10.59% | ||||||||||||||||||
SINCE INCEPTION (1) | 7.09% | 7.15% | 10.56% | 0.83% | 0.84% | 1.22% | ||||||||||||||||||
(1) | For the period December 15, 2006 to March 31, 2015. |
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)
SPDR Dow Jones International Real Estate ETF (a | ) | Dow Jones Global ex-U.S. Select Real Estate Securities Index (b | ) | |||||
10000.00 | 10000.00 | |||||||
12/15/2006 | 10400.00 | 10397.00 | ||||||
3/31/2007 | 11149.00 | 11207.00 | ||||||
6/30/2007 | 10858.00 | 10949.00 | ||||||
9/30/2007 | 10809.00 | 10901.00 | ||||||
12/31/2007 | 9683.00 | 9786.00 | ||||||
3/31/2008 | 9032.00 | 9098.00 | ||||||
6/30/2008 | 8218.00 | 8250.00 | ||||||
9/30/2008 | 6662.00 | 6680.00 | ||||||
12/31/2008 | 4734.00 | 4734.00 | ||||||
3/31/2009 | 3935.00 | 3950.00 | ||||||
6/30/2009 | 5228.00 | 5255.00 | ||||||
9/30/2009 | 6561.00 | 6613.00 | ||||||
12/31/2009 | 6563.00 | 6632.00 | ||||||
3/31/2010 | 6623.00 | 6684.00 | ||||||
6/30/2010 | 6000.00 | 6076.00 | ||||||
9/30/2010 | 7357.00 | 7467.00 | ||||||
12/31/2010 | 7927.00 | 8058.00 | ||||||
3/31/2011 | 7988.00 | 8098.00 | ||||||
6/30/2011 | 8308.00 | 8429.00 | ||||||
9/30/2011 | 6860.00 | 6963.00 | ||||||
12/31/2011 | 6806.00 | 6923.00 | ||||||
3/31/2012 | 7848.00 | 8021.00 | ||||||
6/30/2012 | 7918.00 | 8086.00 | ||||||
9/30/2012 | 8611.00 | 8828.00 | ||||||
12/31/2012 | 9279.00 | 9534.00 | ||||||
3/31/2013 | 9798.00 | 10085.00 | ||||||
6/30/2013 | 9220.00 | 9490.00 | ||||||
9/30/2013 | 9801.00 | 10080.00 | ||||||
12/31/2013 | 9740.00 | 10033.00 | ||||||
3/31/2014 | 9864.00 | 10161.00 | ||||||
6/30/2014 | 10730.00 | 11066.00 | ||||||
9/30/2014 | 10152.00 | 10468.00 | ||||||
12/31/2014 | 10307.00 | 10643.00 | ||||||
3/31/2015 | 10709.00 | 11056.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037816.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, 2015
BROOKFIELD ASSET | ||||||||||
MANAGEMENT, INC. | MITSUI FUDOSAN | UNIBAIL- | LAND SECURITIES | |||||||
DESCRIPTION | (CLASS A) | CO., LTD. | RODAMCO SE | SCENTRE GROUP | GROUP PLC | |||||
MARKET VALUE | $350,008,756 | 333,069,431 | 301,725,701 | 173,651,620 | 170,082,780 | |||||
% OF NET ASSETS | 6.9 | 6.6 | 6.0 | 3.4 | 3.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Management & Development | 34.4 | % | ||||
Retail REITs | 27.3 | |||||
Diversified REITs | 20.3 | |||||
Office REITs | 11.1 | |||||
Industrial REITs | 4.4 | |||||
Diversified Capital Markets | 1.0 | |||||
Residential REITs | 0.8 | |||||
Specialized REITs | 0.5 | |||||
Air Freight & Logistics | 0.0 | ** | ||||
Short Term Investments | 2.2 | |||||
Other Assets & Liabilities | (2.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P GLOBAL | NET ASSET | MARKET | S&P GLOBAL | |||||||||||||||||||
VALUE | VALUE | INFRASTRUCTURE INDEX | VALUE | VALUE | INFRASTRUCTURE INDEX | |||||||||||||||||||
SIX MONTHS | 0.10% | 0.62% | 0.05% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 4.07% | 4.14% | 3.93% | 4.07% | 4.14% | 3.93% | ||||||||||||||||||
THREE YEARS | 32.17% | 32.68% | 31.58% | 9.74% | 9.88% | 9.59% | ||||||||||||||||||
FIVE YEARS | 41.36% | 42.59% | 47.32% | 7.17% | 7.35% | 8.06% | ||||||||||||||||||
SINCE INCEPTION (1) | 27.22% | 27.53% | 33.43% | 2.99% | 3.02% | 3.59% | ||||||||||||||||||
(1) | Effective May 1, 2013, the Fund changed its benchmark index from the Macquarie Global Infrastructure 100 Index to the S&P Global Infrastructure Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to May 1, 2013. | |
(2) | For the period January 25, 2007 to March 31, 2015. |
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 S&P Global Infrastructure ETF (a | )(1) | S&P Global Infrastructure Index (b | )(2) | |||||
10000.00 | 10000.00 | |||||||
1/25/2007 | 10000.00 | 10089.00 | ||||||
3/31/2007 | 10685.00 | 10692.00 | ||||||
6/30/2007 | 11081.00 | 11120.00 | ||||||
9/30/2007 | 11443.00 | 11508.00 | ||||||
12/31/2007 | 12245.00 | 12343.00 | ||||||
3/31/2008 | 11246.00 | 11348.00 | ||||||
6/30/2008 | 11616.00 | 11756.00 | ||||||
9/30/2008 | 9506.00 | 9614.00 | ||||||
12/31/2008 | 8385.00 | 8500.00 | ||||||
3/31/2009 | 6988.00 | 7085.00 | ||||||
6/30/2009 | 8020.00 | 8161.00 | ||||||
9/30/2009 | 8993.00 | 9166.00 | ||||||
12/31/2009 | 9312.00 | 9528.00 | ||||||
3/31/2010 | 9000.00 | 9221.00 | ||||||
6/30/2010 | 8139.00 | 8351.00 | ||||||
9/30/2010 | 9140.00 | 9409.00 | ||||||
12/31/2010 | 9416.00 | 9720.00 | ||||||
3/31/2011 | 9704.00 | 10033.00 | ||||||
6/30/2011 | 9917.00 | 10284.00 | ||||||
9/30/2011 | 9046.00 | 9389.00 | ||||||
12/31/2011 | 9424.00 | 9811.00 | ||||||
3/31/2012 | 9626.00 | 10055.00 | ||||||
6/30/2012 | 9603.00 | 10062.00 | ||||||
9/30/2012 | 9788.00 | 10277.00 | ||||||
12/31/2012 | 9747.00 | 10265.00 | ||||||
3/31/2013 | 10349.00 | 10929.00 | ||||||
6/30/2013 | 10204.00 | 10759.00 | ||||||
9/30/2013 | 10962.00 | 11554.00 | ||||||
12/31/2013 | 11433.00 | 12050.00 | ||||||
3/31/2014 | 12225.00 | 12880.00 | ||||||
6/30/2014 | 13212.00 | 13922.00 | ||||||
9/30/2014 | 12709.00 | 13379.00 | ||||||
12/31/2014 | 12831.00 | 13511.00 | ||||||
3/31/2015 | 12722.00 | 13386.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037817.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.
(1) | Effective May 1, 2013, the Fund changed its benchmark index from the Macquarie Global Infrastructure 100 Index to the S&P Global Infrastructure Index. The Fund’s performance in the table above is based on the Fund’s prior investment strategy to track a different benchmark index for periods prior to May 1, 2013. | |
(2) | Index returns represent the Fund’s prior investment strategy from January 25, 2007 through April 30, 2013 and the S&P Global Infrastructure Index from May 1, 2013 through March 31, 2015. |
47
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SPDR S&P Global Infrastructure ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
DESCRIPTION | KINDER MORGAN, INC. | TRANSURBAN GROUP | ATLANTIA SPA | GROUPE EUROTUNNEL SE | DUKE ENERGY CORP. | |||||
MARKET VALUE | $6,051,088 | 5,940,290 | 5,429,634 | 4,030,157 | 4,022,044 | |||||
% OF NET ASSETS | 5.0 | 4.9 | 4.5 | 3.3 | 3.3 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Transportation Infrastructure | 40.2 | % | ||||
Electric Utilities | 21.9 | |||||
Oil, Gas & Consumable Fuels | 20.2 | |||||
Multi-Utilities | 16.0 | |||||
Independent Power and Renewable Electricity Producers | 1.1 | |||||
Water Utilities | 0.4 | |||||
Gas Utilities | 0.2 | |||||
Short Term Investments | 9.4 | |||||
Other Assets & Liabilities | (9.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −10.94% | −10.89% | −10.76% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −12.54% | −12.74% | −12.01% | −12.54% | −12.74% | −12.01% | ||||||||||||||||||
THREE YEARS | −12.27% | −12.64% | −10.63% | −4.27% | −4.41% | −3.68% | ||||||||||||||||||
SINCE INCEPTION (1) | −6.29% | −6.23% | −3.71% | −1.42% | −1.40% | −0.83% | ||||||||||||||||||
(1) | For the period September 13, 2010 to March 31, 2015. |
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 Global Natural Resources ETF | S&P Global Natural Resources Index | |||||||
10000.00 | 10000.00 | |||||||
9/13/2010 | 10153.00 | 10156.00 | ||||||
12/31/2010 | 11793.00 | 11813.00 | ||||||
3/31/2011 | 12536.00 | 12578.00 | ||||||
6/30/2011 | 12007.00 | 12076.00 | ||||||
9/30/2011 | 9283.00 | 9330.00 | ||||||
12/31/2011 | 9989.00 | 10058.00 | ||||||
3/31/2012 | 10682.00 | 10774.00 | ||||||
6/30/2012 | 9757.00 | 9862.00 | ||||||
9/30/2012 | 10496.00 | 10626.00 | ||||||
12/31/2012 | 10627.00 | 10778.00 | ||||||
3/31/2013 | 10464.00 | 10617.00 | ||||||
6/30/2013 | 9454.00 | 9610.00 | ||||||
9/30/2013 | 10277.00 | 10467.00 | ||||||
12/31/2013 | 10729.00 | 10944.00 | ||||||
3/31/2014 | 10715.00 | 10943.00 | ||||||
6/30/2014 | 11427.00 | 11697.00 | ||||||
9/30/2014 | 10522.00 | 10790.00 | ||||||
12/31/2014 | 9638.00 | 9887.00 | ||||||
3/31/2015 | 9371.00 | 9629.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037818.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, 2015
POTASH CORP. OF | ||||||||||
DESCRIPTION | EXXON MOBIL CORP. | BHP BILLITON, LTD. | SYNGENTA AG | GLENCORE PLC | SASKATCHEWAN, INC. | |||||
MARKET VALUE | $33,704,370 | 33,254,654 | 29,675,839 | 25,488,793 | 25,071,376 | |||||
% OF NET ASSETS | 5.0 | 5.0 | 4.4 | 3.8 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 33.2 | % | ||||
Metals & Mining | 32.2 | |||||
Chemicals | 18.4 | |||||
Paper & Forest Products | 7.0 | |||||
Food Products | 4.0 | |||||
Containers & Packaging | 4.0 | |||||
Real Estate Investment Trusts | 0.7 | |||||
Short Term Investments | 10.5 | |||||
Other Assets & Liabilities | (10.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
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, 2015 (as supplemented February 3, 2015) is 0.34%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −0.05% | −0.12% | −0.36% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 0.05% | −0.45% | −0.57% | 0.05% | −0.45% | −0.57% | ||||||||||||||||||
THREE YEARS | 20.98% | 20.72% | 22.11% | 6.55% | 6.48% | 6.89% | ||||||||||||||||||
FIVE YEARS | 26.82% | 26.36% | 29.37% | 4.87% | 4.79% | 5.29% | ||||||||||||||||||
SINCE INCEPTION (1) | 20.42% | 20.19% | 23.22% | 2.29% | 2.26% | 2.57% | ||||||||||||||||||
(1) | For the period January 10, 2007 to March 31, 2015. |
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 | |||||||
1/10/2007 | 10000.00 | 10000.00 | ||||||
31-Mar | 10658.00 | 10671.00 | ||||||
6/30/2007 | 11494.00 | 11569.00 | ||||||
30-Sep | 11956.00 | 12111.00 | ||||||
12/31/2007 | 11861.00 | 12036.00 | ||||||
31-Mar | 10783.00 | 10944.00 | ||||||
6/30/2008 | 10709.00 | 10849.00 | ||||||
30-Sep | 8425.00 | 8479.00 | ||||||
12/31/2008 | 6609.00 | 6590.00 | ||||||
31-Mar | 5912.00 | 5890.00 | ||||||
6/30/2009 | 7571.00 | 7536.00 | ||||||
30-Sep | 9050.00 | 9026.00 | ||||||
12/31/2009 | 9387.00 | 9368.00 | ||||||
31-Mar | 9496.00 | 9522.00 | ||||||
6/30/2010 | 8314.00 | 8355.00 | ||||||
30-Sep | 9693.00 | 9747.00 | ||||||
12/31/2010 | 10381.00 | 10454.00 | ||||||
31-Mar | 10768.00 | 10819.00 | ||||||
6/30/2011 | 10776.00 | 10885.00 | ||||||
30-Sep | 8629.00 | 8732.00 | ||||||
12/31/2011 | 8977.00 | 9061.00 | ||||||
31-Mar | 9954.00 | 10090.00 | ||||||
6/30/2012 | 9213.00 | 9346.00 | ||||||
30-Sep | 9855.00 | 10046.00 | ||||||
12/31/2012 | 10400.00 | 10638.00 | ||||||
31-Mar | 10737.00 | 10986.00 | ||||||
6/30/2013 | 10367.00 | 10668.00 | ||||||
30-Sep | 11428.00 | 11752.00 | ||||||
12/31/2013 | 11946.00 | 12318.00 | ||||||
31-Mar | 12037.00 | 12393.00 | ||||||
6/30/2014 | 12695.00 | 13044.00 | ||||||
30-Sep | 12048.00 | 12366.00 | ||||||
12/31/2014 | 11622.00 | 11895.00 | ||||||
31-Mar | 12042.00 | 12322.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037819.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, 2015
DESCRIPTION | NESTLE SA | NOVARTIS AG | TOYOTA MOTOR CORP. | ROCHE HOLDING AG | HSBC HOLDINGS PLC | |||||
MARKET VALUE | $9,332,523 | 8,897,810 | 8,283,390 | 7,981,447 | 6,661,133 | |||||
% OF NET ASSETS | 1.4 | 1.3 | 1.2 | 1.2 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 15.6 | % | ||||
Pharmaceuticals | 8.2 | |||||
Oil, Gas & Consumable Fuels | 7.5 | |||||
Insurance | 5.1 | |||||
Automobiles | 4.3 | |||||
Chemicals | 3.3 | |||||
Metals & Mining | 3.1 | |||||
Food Products | 3.0 | |||||
Diversified Telecommunication Services | 3.0 | |||||
Wireless Telecommunication Services | 2.9 | |||||
Beverages | 2.3 | |||||
Semiconductors & Semiconductor Equipment | 2.3 | |||||
Media | 2.2 | |||||
Machinery | 1.9 | |||||
Capital Markets | 1.8 | |||||
Real Estate Management & Development | 1.7 | |||||
Road & Rail | 1.7 | |||||
Food & Staples Retailing | 1.5 | |||||
Technology Hardware, Storage & Peripherals | 1.4 | |||||
Textiles, Apparel & Luxury Goods | 1.4 | |||||
Electronic Equipment, Instruments & Components | 1.4 | |||||
Electric Utilities | 1.3 | |||||
Real Estate Investment Trusts | 1.2 | |||||
Industrial Conglomerates | 1.2 | |||||
Tobacco | 1.2 | |||||
Construction & Engineering | 1.1 | |||||
Multi-Utilities | 1.1 | |||||
Hotels, Restaurants & Leisure | 1.1 | |||||
Diversified Financial Services | 1.0 | |||||
Electrical Equipment | 1.0 | |||||
Trading Companies & Distributors | 1.0 | |||||
Internet Software & Services | 0.9 | |||||
Building Products | 0.8 | |||||
Auto Components | 0.8 | |||||
IT Services | 0.7 | |||||
Health Care Equipment & Supplies | 0.7 | |||||
Software | 0.6 | |||||
Transportation Infrastructure | 0.6 | |||||
Household Durables | 0.6 | |||||
Multiline Retail | 0.6 | |||||
Gas Utilities | 0.6 | |||||
Aerospace & Defense | 0.5 | |||||
Construction Materials | 0.5 | |||||
Household Products | 0.5 | |||||
Specialty Retail | 0.4 | |||||
Personal Products | 0.4 | |||||
Commercial Services & Supplies | 0.4 | |||||
Professional Services | 0.4 | |||||
Communications Equipment | 0.3 | |||||
Independent Power and Renewable Electricity Producers | 0.3 | |||||
Marine | 0.3 | |||||
Health Care Providers & Services | 0.3 | |||||
Air Freight & Logistics | 0.2 | |||||
Biotechnology | 0.2 | |||||
Water Utilities | 0.2 | |||||
Containers & Packaging | 0.2 | |||||
Paper & Forest Products | 0.2 | |||||
Leisure Products | 0.1 | |||||
Energy Equipment & Services | 0.1 | |||||
Thrifts & Mortgage Finance | 0.1 | |||||
Consumer Finance | 0.1 | |||||
Airlines | 0.0 | ** | ||||
Internet & Catalog Retail | 0.0 | ** | ||||
Diversified Consumer Services | 0.0 | ** | ||||
Short Term Investment | 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. | |
** | Amount shown represents less than 0.05% of net assets. |
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, 2015 (as supplemented February 3, 2015) is 0.25%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | MSCI ACWI | NET ASSET | MARKET | MSCI ACWI | |||||||||||||||||||
VALUE | VALUE | IMI INDEX | VALUE | VALUE | IMI INDEX | |||||||||||||||||||
SIX MONTHS | 3.59% | 3.53% | 3.19% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 6.49% | 6.23% | 5.12% | 6.49% | 6.23% | 5.12% | ||||||||||||||||||
SINCE INCEPTION (1) | 39.72% | 39.45% | 37.82% | 11.43% | 11.36% | 10.95% | ||||||||||||||||||
(1) | For the period February 27, 2012 to March 31, 2015. |
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 (a) | (b) | |||||||
2/27/2012 | 10000.00 | 10000.00 | ||||||
31-Mar | 10079.00 | 10090.00 | ||||||
6/30/2012 | 9496.00 | 9518.00 | ||||||
30-Sep | 10128.00 | 10170.00 | ||||||
12/31/2012 | 10470.00 | 10474.00 | ||||||
31-Mar | 11184.00 | 11197.00 | ||||||
6/30/2013 | 11155.00 | 11144.00 | ||||||
30-Sep | 12067.00 | 12066.00 | ||||||
12/31/2013 | 12923.00 | 12940.00 | ||||||
31-Mar | 13121.00 | 13112.00 | ||||||
6/30/2014 | 13799.00 | 13746.00 | ||||||
30-Sep | 13488.00 | 13358.00 | ||||||
12/31/2014 | 13660.00 | 13437.00 | ||||||
31-Mar | 13972.00 | 13782.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037820.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.
56
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SPDR MSCI ACWI IMI ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
DESCRIPTION | APPLE, INC. | EXXON MOBIL CORP. | MICROSOFT CORP. | WELLS FARGO & CO. | GENERAL ELECTRIC CO. | |||||
MARKET VALUE | $902,366 | 527,425 | 462,329 | 449,834 | 384,853 | |||||
% OF NET ASSETS | 1.4 | 0.8 | 0.7 | 0.7 | 0.6 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 8.2 | % | ||||
Oil, Gas & Consumable Fuels | 6.8 | |||||
Pharmaceuticals | 5.7 | |||||
Insurance | 4.6 | |||||
Media | 3.4 | |||||
Real Estate Investment Trusts | 2.8 | |||||
Technology Hardware, Storage & Peripherals | 2.7 | |||||
Chemicals | 2.7 | |||||
Software | 2.6 | |||||
Food Products | 2.4 | |||||
Semiconductors & Semiconductor Equipment | 2.3 | |||||
Food & Staples Retailing | 2.3 | |||||
Aerospace & Defense | 2.3 | |||||
Capital Markets | 2.2 | |||||
Diversified Telecommunication Services | 2.2 | |||||
Biotechnology | 2.1 | |||||
Specialty Retail | 2.1 | |||||
Metals & Mining | 2.0 | |||||
Machinery | 2.0 | |||||
Industrial Conglomerates | 1.9 | |||||
Internet Software & Services | 1.8 | |||||
Hotels, Restaurants & Leisure | 1.8 | |||||
Automobiles | 1.7 | |||||
IT Services | 1.7 | |||||
Health Care Equipment & Supplies | 1.7 | |||||
Electric Utilities | 1.6 | |||||
Health Care Providers & Services | 1.6 | |||||
Electronic Equipment, Instruments & Components | 1.4 | |||||
Real Estate Management & Development | 1.4 | |||||
Beverages | 1.4 | |||||
Wireless Telecommunication Services | 1.3 | |||||
Road & Rail | 1.3 | |||||
Household Products | 1.2 | |||||
Multiline Retail | 1.2 | |||||
Energy Equipment & Services | 1.1 | |||||
Communications Equipment | 1.0 | |||||
Tobacco | 1.0 | |||||
Textiles, Apparel & Luxury Goods | 0.9 | |||||
Electrical Equipment | 0.9 | |||||
Diversified Financial Services | 0.9 | |||||
Air Freight & Logistics | 0.8 | |||||
Commercial Services & Supplies | 0.7 | |||||
Construction & Engineering | 0.6 | |||||
Consumer Finance | 0.6 | |||||
Internet & Catalog Retail | 0.6 | |||||
Trading Companies & Distributors | 0.6 | |||||
Life Sciences Tools & Services | 0.6 | |||||
Auto Components | 0.5 | |||||
Multi-Utilities | 0.5 | |||||
Professional Services | 0.5 | |||||
Building Products | 0.4 | |||||
Marine | 0.3 | |||||
Thrifts & Mortgage Finance | 0.3 | |||||
Leisure Products | 0.3 | |||||
Construction Materials | 0.3 | |||||
Household Durables | 0.3 | |||||
Transportation Infrastructure | 0.2 | |||||
Personal Products | 0.2 | |||||
Water Utilities | 0.2 | |||||
Independent Power and Renewable Electricity Producers | 0.1 | |||||
Paper & Forest Products | 0.1 | |||||
Airlines | 0.1 | |||||
Gas Utilities | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Short Term Investments | 15.3 | |||||
Other Assets & Liabilities | (14.5 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
57
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SPDR MSCI ACWI Low Carbon Target ETF —
Portfolio Summary
Portfolio Summary
The Fund had less than six months of operations at reporting period end and therefore does not have performance history to provide in this report.
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
DESCRIPTION | APPLE, INC. | MICROSOFT CORP. | JOHNSON & JOHNSON | WELLS FARGO & CO. | GENERAL ELECTRIC CO. | |||||
MARKET VALUE | $1,769,892 | 770,941 | 714,964 | 682,230 | 676,246 | |||||
% OF NET ASSETS | 2.0 | 0.9 | 0.8 | 0.8 | 0.8 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 10.7 | % | ||||
Pharmaceuticals | 6.9 | |||||
Insurance | 5.0 | |||||
Oil, Gas & Consumable Fuels | 4.4 | |||||
Technology Hardware, Storage & Peripherals | 3.3 | |||||
Media | 3.1 | |||||
Diversified Telecommunication Services | 2.7 | |||||
Automobiles | 2.6 | |||||
Capital Markets | 2.4 | |||||
Beverages | 2.4 | |||||
Chemicals | 2.3 | |||||
Food Products | 2.3 | |||||
Aerospace & Defense | 2.3 | |||||
IT Services | 2.3 | |||||
Software | 2.2 | |||||
Machinery | 2.2 | |||||
Food & Staples Retailing | 2.2 | |||||
Internet Software & Services | 2.1 | |||||
Semiconductors & Semiconductor Equipment | 2.0 | |||||
Real Estate Investment Trusts | 2.0 | |||||
Industrial Conglomerates | 1.9 | |||||
Health Care Providers & Services | 1.7 | |||||
Energy Equipment & Services | 1.7 | |||||
Biotechnology | 1.6 | |||||
Specialty Retail | 1.6 | |||||
Metals & Mining | 1.5 | |||||
Tobacco | 1.5 | |||||
Health Care Equipment & Supplies | 1.5 | |||||
Wireless Telecommunication Services | 1.4 | |||||
Diversified Financial Services | 1.3 | |||||
Real Estate Management & Development | 1.2 | |||||
Household Products | 1.2 | |||||
Textiles, Apparel & Luxury Goods | 1.1 | |||||
Hotels, Restaurants & Leisure | 1.1 | |||||
Road & Rail | 1.1 | |||||
Electrical Equipment | 1.1 | |||||
Communications Equipment | 1.1 | |||||
Trading Companies & Distributors | 1.0 | |||||
Gas Utilities | 0.8 | |||||
Internet & Catalog Retail | 0.8 | |||||
Electronic Equipment, Instruments & Components | 0.6 | |||||
Transportation Infrastructure | 0.6 | |||||
Electric Utilities | 0.6 | |||||
Water Utilities | 0.6 | |||||
Professional Services | 0.5 | |||||
Construction & Engineering | 0.5 | |||||
Consumer Finance | 0.5 | |||||
Household Durables | 0.5 | |||||
Multi-Utilities | 0.5 | |||||
Auto Components | 0.4 | |||||
Multiline Retail | 0.4 | |||||
Personal Products | 0.4 | |||||
Air Freight & Logistics | 0.4 | |||||
Life Sciences Tools & Services | 0.3 | |||||
Commercial Services & Supplies | 0.3 | |||||
Independent Power and Renewable Electricity Producers | 0.3 | |||||
Building Products | 0.2 | |||||
Containers & Packaging | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Leisure Products | 0.1 | |||||
Marine | 0.0 | ** | ||||
Distributors | 0.0 | ** | ||||
Short Term Investments | 0.1 | |||||
Other Assets & Liabilities | 0.3 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
58
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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, 2015 (as supplemented February 3, 2015) is 0.50%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | MSCI EM | NET ASSET | MARKET | MSCI EM | |||||||||||||||||||
VALUE | VALUE | 50 INDEX | VALUE | VALUE | 50 INDEX | |||||||||||||||||||
SIX MONTHS | −0.83% | −0.73% | −0.14% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 2.17% | 2.34% | 3.29% | 2.17% | 2.34% | 3.29% | ||||||||||||||||||
SINCE INCEPTION (1) | 1.02% | 1.52% | 3.82% | 0.33% | 0.49% | 1.22% | ||||||||||||||||||
(1) | For the period February 27, 2012 to March 31, 2015. |
59
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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 | ||||||
31-Mar | 9857.00 | 9878.00 | ||||||
6/30/2012 | 8913.00 | 8939.00 | ||||||
30-Sep | 9563.00 | 9641.00 | ||||||
12/31/2012 | 10087.00 | 10180.00 | ||||||
31-Mar | 9670.00 | 9795.00 | ||||||
6/30/2013 | 8934.00 | 9066.00 | ||||||
30-Sep | 9825.00 | 9970.00 | ||||||
12/31/2013 | 10122.00 | 10278.00 | ||||||
31-Mar | 9888.00 | 10051.00 | ||||||
6/30/2014 | 10623.00 | 10838.00 | ||||||
30-Sep | 10186.00 | 10396.00 | ||||||
12/31/2014 | 9854.00 | 10092.00 | ||||||
31-Mar | 10102.00 | 10382.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037821.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.
60
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SPDR MSCI EM 50 ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
TAIWAN | ||||||||||
SEMICONDUCTOR | ||||||||||
SAMSUNG ELECTRONICS | MANUFACTURING CO., | TENCENT | NASPERS, LTD. | |||||||
DESCRIPTION | CO., LTD. GDR | LTD. ADR | HOLDINGS, LTD. | CHINA MOBILE, LTD. | (CLASS N) | |||||
MARKET VALUE | $230,552 | 183,379 | 158,135 | 128,637 | 98,931 | |||||
% OF NET ASSETS | 9.9 | 7.9 | 6.8 | 5.5 | 4.2 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 22.9 | % | ||||
Semiconductors & Semiconductor Equipment | 10.7 | |||||
Oil, Gas & Consumable Fuels | 10.6 | |||||
Technology Hardware, Storage & Peripherals | 9.9 | |||||
Wireless Telecommunication Services | 9.8 | |||||
Internet Software & Services | 7.9 | |||||
Media | 5.4 | |||||
Insurance | 5.2 | |||||
Automobiles | 3.3 | |||||
Electronic Equipment, Instruments & Components | 2.5 | |||||
Metals & Mining | 2.3 | |||||
Beverages | 1.9 | |||||
Diversified Financial Services | 1.1 | |||||
Auto Components | 1.1 | |||||
Food & Staples Retailing | 0.9 | |||||
Food Products | 0.9 | |||||
Diversified Telecommunication Services | 0.9 | |||||
Real Estate Management & Development | 0.8 | |||||
Construction Materials | 0.8 | |||||
Chemicals | 0.7 | |||||
Short Term Investments | 4.7 | |||||
Other Assets & Liabilities | (4.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
61
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SPDR MSCI EM Beyond BRIC 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (12/4/13, 12/5/13, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI EM Beyond BRIC ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.49%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | MSCI EM BEYOND | NET ASSET | MARKET | MSCI EM BEYOND | |||||||||||||||||||
VALUE | VALUE | BRIC INDEX | VALUE | VALUE | BRIC INDEX | |||||||||||||||||||
SIX MONTHS | −5.41% | −6.36% | −4.81% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −3.93% | −5.04% | −2.87% | −3.93% | −5.04% | −2.87% | ||||||||||||||||||
SINCE INCEPTION (1) | −1.27% | −2.30% | 0.23% | −0.96% | −1.74% | 0.18% | ||||||||||||||||||
(1) | For the period December 4, 2013 to March 31, 2015. |
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SPDR MSCI EM Beyond BRIC ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR MSCI | ||||||||
EM Beyond | MSCI EM | |||||||
BRIC ETF | Beyond BRIC | |||||||
(a) | Index (b) | |||||||
12/4/2013 | 10000.00 | 10000.00 | ||||||
31-Dec | 10091.00 | 10092.00 | ||||||
3/31/2014 | 10277.00 | 10320.00 | ||||||
30-Jun | 10775.00 | 10840.00 | ||||||
9/30/2014 | 10438.00 | 10529.00 | ||||||
31-Dec | 9885.00 | 9987.00 | ||||||
3/31/2015 | 9873.00 | 10023.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037822.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.
63
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SPDR MSCI EM Beyond BRIC ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
TAIWAN | ||||||||||
SEMICONDUCTOR | ||||||||||
SAMSUNG ELECTRONICS | MANUFACTURING CO., | NASPERS, LTD. | AMERICA MOVIL SAB | |||||||
DESCRIPTION | CO., LTD. GDR | LTD. ADR | (CLASS N) | DE CV (SERIES L) | MTN GROUP, LTD. | |||||
MARKET VALUE | $106,904 | 104,956 | 82,108 | 61,411 | 38,204 | |||||
% OF NET ASSETS | 3.7 | 3.6 | 2.8 | 2.1 | 1.3 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 21.6 | % | ||||
Wireless Telecommunication Services | 6.5 | |||||
Technology Hardware, Storage & Peripherals | 6.1 | |||||
Semiconductors & Semiconductor Equipment | 5.9 | |||||
Media | 4.2 | |||||
Oil, Gas & Consumable Fuels | 3.9 | |||||
Industrial Conglomerates | 3.7 | |||||
Metals & Mining | 3.3 | |||||
Food Products | 3.0 | |||||
Food & Staples Retailing | 2.9 | |||||
Diversified Financial Services | 2.7 | |||||
Construction Materials | 2.5 | |||||
Electric Utilities | 2.5 | |||||
Insurance | 2.5 | |||||
Electronic Equipment, Instruments & Components | 2.2 | |||||
Chemicals | 2.2 | |||||
Automobiles | 2.0 | |||||
Diversified Telecommunication Services | 1.9 | |||||
Real Estate Management & Development | 1.6 | |||||
Beverages | 1.5 | |||||
Transportation Infrastructure | 1.2 | |||||
Pharmaceuticals | 1.1 | |||||
Construction & Engineering | 1.0 | |||||
Household Products | 1.0 | |||||
Household Durables | 1.0 | |||||
Real Estate Investment Trusts | 1.0 | |||||
Multiline Retail | 1.0 | |||||
Specialty Retail | 0.9 | |||||
Health Care Providers & Services | 0.8 | |||||
Hotels, Restaurants & Leisure | 0.8 | |||||
Independent Power and Renewable Electricity Producers | 0.8 | |||||
Auto Components | 0.7 | |||||
Gas Utilities | 0.6 | |||||
Tobacco | 0.6 | |||||
Machinery | 0.5 | |||||
Internet Software & Services | 0.5 | |||||
Airlines | 0.5 | |||||
Personal Products | 0.4 | |||||
Multi-Utilities | 0.4 | |||||
Energy Equipment & Services | 0.4 | |||||
Capital Markets | 0.3 | |||||
Trading Companies & Distributors | 0.3 | |||||
IT Services | 0.3 | |||||
Textiles, Apparel & Luxury Goods | 0.3 | |||||
Distributors | 0.2 | |||||
Consumer Finance | 0.1 | |||||
Commercial Services & Supplies | 0.1 | |||||
Air Freight & Logistics | 0.1 | |||||
Software | 0.0 | ** | ||||
Short Term Investments | 2.5 | |||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
64
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SPDR MSCI EAFE Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/4/14, 6/5/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI EAFE Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.30%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | MSCI EAFE QUALITY | NET ASSET | MARKET | MSCI EAFE QUALITY | |||||||||||||||||||
VALUE | VALUE | MIX INDEX | VALUE | VALUE | MIX INDEX | |||||||||||||||||||
SIX MONTHS | 2.01% | 2.05% | 2.38% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −2.56% | −2.63% | −2.08% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period June 4, 2014 to March 31, 2015. |
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SPDR MSCI EAFE Quality Mix ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR MSCI | ||||||||
EAFE Quality | MSCI EAFE | |||||||
Mix ETF | Quality Mix | |||||||
Index | ||||||||
6/4/2014 | 10000 | 10000 | ||||||
6/30/2014 | 10112 | 10114 | ||||||
7/31/2014 | 9934 | 9940 | ||||||
8/31/2014 | 9951 | 9961 | ||||||
9/30/2014 | 9552 | 9565 | ||||||
10/31/2014 | 9486 | 9507 | ||||||
11/30/2014 | 9589 | 9613 | ||||||
12/31/2014 | 9303 | 9324 | ||||||
1/31/2015 | 9448 | 9479 | ||||||
2/28/2015 | 9913 | 9955 | ||||||
3/31/2015 | 9742 | 9792 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037823.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.
66
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SPDR MSCI EAFE Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
NOVO NORDISK A/S | ||||||||||
DESCRIPTION | NESTLE SA | NOVARTIS AG | ROCHE HOLDING AG | (CLASS B) | GLAXOSMITHKLINE PLC | |||||
MARKET VALUE | $141,238 | 134,628 | 125,590 | 83,962 | 77,022 | |||||
% OF NET ASSETS | 2.4 | 2.3 | 2.2 | 1.5 | 1.3 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Pharmaceuticals | 12.9 | % | ||||
Banks | 9.6 | |||||
Food Products | 6.1 | |||||
Oil, Gas & Consumable Fuels | 4.8 | |||||
Diversified Telecommunication Services | 4.3 | |||||
Insurance | 4.1 | |||||
Chemicals | 3.6 | |||||
Media | 3.0 | |||||
Metals & Mining | 3.0 | |||||
Beverages | 2.6 | |||||
Electric Utilities | 2.4 | |||||
Real Estate Investment Trusts | 2.3 | |||||
Automobiles | 2.2 | |||||
Tobacco | 2.2 | |||||
Hotels, Restaurants & Leisure | 2.2 | |||||
Food & Staples Retailing | 2.1 | |||||
Specialty Retail | 1.7 | |||||
Household Products | 1.6 | |||||
Textiles, Apparel & Luxury Goods | 1.6 | |||||
Machinery | 1.6 | |||||
Multi-Utilities | 1.6 | |||||
Wireless Telecommunication Services | 1.6 | |||||
Capital Markets | 1.5 | |||||
Road & Rail | 1.4 | |||||
Software | 1.2 | |||||
Trading Companies & Distributors | 1.1 | |||||
Health Care Equipment & Supplies | 1.1 | |||||
Personal Products | 1.0 | |||||
Health Care Providers & Services | 0.9 | |||||
Aerospace & Defense | 0.9 | |||||
Airlines | 0.9 | |||||
Diversified Financial Services | 0.9 | |||||
Professional Services | 0.9 | |||||
Auto Components | 0.9 | |||||
Commercial Services & Supplies | 0.8 | |||||
Gas Utilities | 0.7 | |||||
Real Estate Management & Development | 0.7 | |||||
Electrical Equipment | 0.6 | |||||
Biotechnology | 0.6 | |||||
Industrial Conglomerates | 0.6 | |||||
Multiline Retail | 0.6 | |||||
Transportation Infrastructure | 0.5 | |||||
Marine | 0.5 | |||||
Building Products | 0.5 | |||||
Energy Equipment & Services | 0.4 | |||||
Technology Hardware, Storage & Peripherals | 0.4 | |||||
Electronic Equipment, Instruments & Components | 0.4 | |||||
IT Services | 0.3 | |||||
Construction & Engineering | 0.3 | |||||
Air Freight & Logistics | 0.3 | |||||
Household Durables | 0.3 | |||||
Containers & Packaging | 0.2 | |||||
Construction Materials | 0.2 | |||||
Leisure Products | 0.2 | |||||
Communications Equipment | 0.1 | |||||
Internet Software & Services | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Semiconductors & Semiconductor Equipment | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Independent Power and Renewable Electricity Producers | 0.1 | |||||
Paper & Forest Products | 0.0 | ** | ||||
Water Utilities | 0.0 | ** | ||||
Short Term Investments | 0.0 | ** | ||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
67
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SPDR MSCI Emerging Markets Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/4/14, 6/5/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI Emerging Markets Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.30%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MSCI EMERGING | MSCI EMERGING | |||||||||||||||||||||||
NET ASSET | MARKET | MARKETS QUALITY | NET ASSET | MARKET | MARKETS QUALITY | |||||||||||||||||||
VALUE | VALUE | MIX INDEX | VALUE | VALUE | MIX INDEX | |||||||||||||||||||
SIX MONTHS | −2.07% | −1.85% | −1.27% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −2.70% | −2.52% | −1.17% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period June 4, 2014 to March 31, 2015. |
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SPDR MSCI Emerging Markets Quality Mix ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR MSCI | ||||||||
Emerging Markets | MSCI Emerging | |||||||
Quality Mix | Markets Quality | |||||||
ETF | Mix Index | |||||||
6/4/2014 | 10000 | 10000 | ||||||
6/30/2014 | 10202 | 10247 | ||||||
7/31/2014 | 10355 | 10430 | ||||||
8/31/2014 | 10589 | 10650 | ||||||
9/30/2014 | 9935 | 10011 | ||||||
10/31/2014 | 10074 | 10129 | ||||||
11/30/2014 | 9958 | 10008 | ||||||
12/31/2014 | 9488 | 9586 | ||||||
1/31/2015 | 9556 | 9682 | ||||||
2/28/2015 | 9823 | 9959 | ||||||
3/31/2015 | 9730 | 9883 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037824.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.
69
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SPDR MSCI Emerging Markets Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
SAMSUNG ELECTRONICS | TAIWAN SEMICONDUCTOR | TENCENT HOLDINGS, | ||||||||
DESCRIPTION | CO., LTD. GDR | CHINA MOBILE, LTD. | MANUFACTURING CO., LTD. | LTD. | INFOSYS, LTD. ADR | |||||
MARKET VALUE | $2,732,492 | 2,199,379 | 2,071,573 | 1,748,959 | 1,484,410 | |||||
% OF NET ASSETS | 3.7 | 2.9 | 2.8 | 2.4 | 2.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 18.1 | % | ||||
Wireless Telecommunication Services | 8.2 | |||||
Oil, Gas & Consumable Fuels | 7.7 | |||||
Technology Hardware, Storage & Peripherals | 7.0 | |||||
Semiconductors & Semiconductor Equipment | 5.0 | |||||
IT Services | 3.5 | |||||
Insurance | 3.3 | |||||
Food & Staples Retailing | 3.1 | |||||
Internet Software & Services | 3.0 | |||||
Automobiles | 2.8 | |||||
Metals & Mining | 2.3 | |||||
Electronic Equipment, Instruments & Components | 2.2 | |||||
Diversified Telecommunication Services | 2.2 | |||||
Food Products | 2.1 | |||||
Pharmaceuticals | 2.0 | |||||
Industrial Conglomerates | 1.7 | |||||
Transportation Infrastructure | 1.6 | |||||
Beverages | 1.6 | |||||
Gas Utilities | 1.5 | |||||
Health Care Providers & Services | 1.4 | |||||
Independent Power and Renewable Electricity Producers | 1.3 | |||||
Personal Products | 1.3 | |||||
Real Estate Management & Development | 1.3 | |||||
Diversified Financial Services | 1.2 | |||||
Construction & Engineering | 1.0 | |||||
Construction Materials | 1.0 | |||||
Tobacco | 1.0 | |||||
Chemicals | 0.9 | |||||
Electric Utilities | 0.8 | |||||
Textiles, Apparel & Luxury Goods | 0.8 | |||||
Hotels, Restaurants & Leisure | 0.8 | |||||
Household Products | 0.8 | |||||
Water Utilities | 0.7 | |||||
Auto Components | 0.7 | |||||
Specialty Retail | 0.7 | |||||
Multiline Retail | 0.6 | |||||
Household Durables | 0.4 | |||||
Airlines | 0.4 | |||||
Capital Markets | 0.3 | |||||
Media | 0.3 | |||||
Machinery | 0.3 | |||||
Commercial Services & Supplies | 0.3 | |||||
Software | 0.3 | |||||
Multi-Utilities | 0.3 | |||||
Electrical Equipment | 0.3 | |||||
Real Estate Investment Trusts | 0.3 | |||||
Leisure Products | 0.2 | |||||
Marine | 0.2 | |||||
Paper & Forest Products | 0.1 | |||||
Trading Companies & Distributors | 0.1 | |||||
Distributors | 0.1 | |||||
Consumer Finance | 0.1 | |||||
Air Freight & Logistics | 0.1 | |||||
Communications Equipment | 0.1 | |||||
Diversified Consumer Services | 0.0 | ** | ||||
Containers & Packaging | 0.0 | ** | ||||
Building Products | 0.0 | ** | ||||
Aerospace & Defense | 0.0 | ** | ||||
Energy Equipment & Services | 0.0 | ** | ||||
Short Term Investments | 0.2 | |||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
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SPDR MSCI World Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/4/14, 6/5/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI World Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.30%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | MSCI WORLD | NET ASSET | MARKET | MSCI WORLD | |||||||||||||||||||
VALUE | VALUE | QUALITY MIX INDEX | VALUE | VALUE | QUALITY MIX INDEX | |||||||||||||||||||
SIX MONTHS | 2.56% | 2.26% | 4.90% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | 5.12% | 4.51% | 4.99% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period June 4, 2014 to March 31, 2015. |
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SPDR MSCI World Quality Mix ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR MSCI | ||||||||
World Quality | MSCI World | |||||||
Mix ETF | Quality Mix | |||||||
Index | ||||||||
6/4/2014 | 10000 | 10000 | ||||||
6/30/2014 | 10121 | 10127 | ||||||
7/31/2014 | 9984 | 9997 | ||||||
8/31/2014 | 10250 | 10260 | ||||||
9/30/2014 | 9998 | 10008 | ||||||
10/31/2014 | 10160 | 10171 | ||||||
11/30/2014 | 10371 | 10369 | ||||||
12/31/2014 | 10250 | 10242 | ||||||
1/31/2015 | 10167 | 10158 | ||||||
2/28/2015 | 10665 | 10652 | ||||||
3/31/2015 | 10512 | 10499 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037825.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.
72
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SPDR MSCI World Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
THE PROCTER & | ||||||||||
DESCRIPTION | APPLE, INC. | EXXON MOBIL CORP. | JOHNSON & JOHNSON | MICROSOFT CORP. | GAMBLE CO. | |||||
MARKET VALUE | $136,997 | 127,245 | 95,168 | 91,149 | 74,565 | |||||
% OF NET ASSETS | 2.2 | 2.0 | 1.5 | 1.5 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Pharmaceuticals | 8.7 | % | ||||
Banks | 5.8 | |||||
Oil, Gas & Consumable Fuels | 5.7 | |||||
Insurance | 4.1 | |||||
IT Services | 3.9 | |||||
Food Products | 3.8 | |||||
Diversified Telecommunication Services | 3.3 | |||||
Software | 3.3 | |||||
Specialty Retail | 3.2 | |||||
Hotels, Restaurants & Leisure | 3.1 | |||||
Household Products | 2.9 | |||||
Technology Hardware, Storage & Peripherals | 2.9 | |||||
Health Care Providers & Services | 2.7 | |||||
Beverages | 2.6 | |||||
Food & Staples Retailing | 2.4 | |||||
Chemicals | 2.3 | |||||
Real Estate Investment Trusts | 2.2 | |||||
Electric Utilities | 2.2 | |||||
Media | 2.1 | |||||
Aerospace & Defense | 2.1 | |||||
Metals & Mining | 2.0 | |||||
Biotechnology | 1.8 | |||||
Multi-Utilities | 1.7 | |||||
Road & Rail | 1.7 | |||||
Health Care Equipment & Supplies | 1.6 | |||||
Capital Markets | 1.4 | |||||
Internet Software & Services | 1.4 | |||||
Automobiles | 1.3 | |||||
Textiles, Apparel & Luxury Goods | 1.3 | |||||
Tobacco | 1.2 | |||||
Multiline Retail | 1.2 | |||||
Communications Equipment | 1.2 | |||||
Machinery | 1.1 | |||||
Wireless Telecommunication Services | 1.0 | |||||
Commercial Services & Supplies | 1.0 | |||||
Diversified Financial Services | 0.9 | |||||
Industrial Conglomerates | 0.9 | |||||
Professional Services | 0.8 | |||||
Energy Equipment & Services | 0.7 | |||||
Trading Companies & Distributors | 0.6 | |||||
Air Freight & Logistics | 0.6 | |||||
Semiconductors & Semiconductor Equipment | 0.5 | |||||
Airlines | 0.4 | |||||
Electronic Equipment, Instruments & Components | 0.4 | |||||
Auto Components | 0.4 | |||||
Electrical Equipment | 0.3 | |||||
Internet & Catalog Retail | 0.3 | |||||
Household Durables | 0.3 | |||||
Marine | 0.3 | |||||
Transportation Infrastructure | 0.2 | |||||
Real Estate Management & Development | 0.2 | |||||
Consumer Finance | 0.2 | |||||
Construction & Engineering | 0.2 | |||||
Thrifts & Mortgage Finance | 0.1 | |||||
Personal Products | 0.1 | |||||
Building Products | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Distributors | 0.1 | |||||
Gas Utilities | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Construction Materials | 0.1 | |||||
Paper & Forest Products | 0.1 | |||||
Life Sciences Tools & Services | 0.1 | |||||
Leisure Products | 0.1 | |||||
Water Utilities | 0.0 | ** | ||||
Independent Power and Renewable Electricity Producers | 0.0 | ** | ||||
Short Term Investments | 0.0 | ** | ||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
73
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SPDR MSCI Australia Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (611/14, 6/12/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI Australia Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.30%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MSCI AUSTRALIA | MSCI AUSTRALIA | |||||||||||||||||||||||
NET ASSET | MARKET | QUALITY MIX | NET ASSET | MARKET | QUALITY MIX | |||||||||||||||||||
VALUE | VALUE | A-SERIES INDEX | VALUE | VALUE | A-SERIES INDEX | |||||||||||||||||||
SIX MONTHS | −1.69% | −2.20% | −1.58% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −8.41% | −9.19% | −8.32% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period June 11, 2014 to March 31, 2015. |
74
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SPDR MSCI Australia Quality Mix ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR MSCI | ||||||||
Australia Quality | MSCI Australia | |||||||
Mix ETF | Quality Mix | |||||||
Index | ||||||||
6/11/2014 | 10000 | 10000 | ||||||
6/30/2014 | 9956 | 9962 | ||||||
7/31/2014 | 10260 | 10269 | ||||||
8/31/2014 | 10404 | 10411 | ||||||
9/30/2014 | 9316 | 9315 | ||||||
10/31/2014 | 9775 | 9777 | ||||||
11/30/2014 | 9186 | 9188 | ||||||
12/31/2014 | 9003 | 9016 | ||||||
1/31/2015 | 8813 | 8829 | ||||||
2/28/2015 | 9420 | 9433 | ||||||
3/31/2015 | 9159 | 9168 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037826.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.
75
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SPDR MSCI Australia Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
COMMONWEALTH BANK | ||||||||||
DESCRIPTION | BHP BILLITON, LTD. | WESFARMERS, LTD. | CSL, LTD. | WESTPAC BANKING CORP. | OF AUSTRALIA | |||||
MARKET VALUE | $197,063 | 149,479 | 142,158 | 141,126 | 137,711 | |||||
% OF NET ASSETS | 7.4 | 5.6 | 5.3 | 5.3 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 20.5 | % | ||||
Metals & Mining | 12.4 | |||||
Food & Staples Retailing | 10.7 | |||||
Real Estate Investment Trusts | 8.4 | |||||
Biotechnology | 5.3 | |||||
Diversified Telecommunication Services | 5.0 | |||||
Insurance | 4.2 | |||||
Oil, Gas & Consumable Fuels | 4.0 | |||||
Health Care Providers & Services | 3.7 | |||||
Containers & Packaging | 3.7 | |||||
Commercial Services & Supplies | 3.0 | |||||
Transportation Infrastructure | 2.6 | |||||
Chemicals | 2.0 | |||||
Diversified Financial Services | 1.8 | |||||
Hotels, Restaurants & Leisure | 1.5 | |||||
Multi-Utilities | 1.4 | |||||
Real Estate Management & Development | 1.0 | |||||
Gas Utilities | 0.9 | |||||
Construction Materials | 0.8 | |||||
Capital Markets | 0.8 | |||||
Professional Services | 0.7 | |||||
Road & Rail | 0.6 | |||||
Health Care Equipment & Supplies | 0.6 | |||||
Air Freight & Logistics | 0.6 | |||||
Beverages | 0.5 | |||||
Airlines | 0.3 | |||||
Construction & Engineering | 0.3 | |||||
Electric Utilities | 0.3 | |||||
Multiline Retail | 0.2 | |||||
Media | 0.2 | |||||
Energy Equipment & Services | 0.2 | |||||
IT Services | 0.1 | |||||
Short Term Investments | 0.1 | |||||
Other Assets & Liabilities | 1.6 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
76
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SPDR MSCI Canada Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/11/14, 6/12/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI Canada Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.30%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MSCI CANADA | MSCI CANADA | |||||||||||||||||||||||
NET ASSET | MARKET | QUALITY MIX | NET ASSET | MARKET | QUALITY MIX | |||||||||||||||||||
VALUE | VALUE | A-SERIES INDEX | VALUE | VALUE | A-SERIES INDEX | |||||||||||||||||||
SIX MONTHS | −7.58% | −7.29% | −7.48% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −7.82% | −7.95% | −7.75% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period June 11, 2014 to March 31, 2015. |
77
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SPDR MSCI Canada Quality Mix 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 Canada | |||||||
Canada Quality | Quality Mix | |||||||
Mix ETF | Index | |||||||
6/11/2014 | 10000 | 10000 | ||||||
6/30/2014 | 10343 | 10342 | ||||||
7/31/2014 | 10330 | 10330 | ||||||
8/31/2014 | 10638 | 10640 | ||||||
9/30/2014 | 9974 | 9971 | ||||||
10/31/2014 | 9849 | 9848 | ||||||
11/30/2014 | 9878 | 9879 | ||||||
12/31/2014 | 9795 | 9801 | ||||||
1/31/2015 | 9023 | 9030 | ||||||
2/28/2015 | 9488 | 9497 | ||||||
3/31/2015 | 9218 | 9225 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037827.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.
78
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SPDR MSCI Canada Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
CANADIAN NATIONAL | THE TORONTO- | CANADIAN IMPERIAL | ROYAL BANK | |||||||
DESCRIPTION | RAILWAY CO. | SUNCOR ENERGY, INC. | DOMINION BANK | BANK OF COMMERCE | OF CANADA | |||||
MARKET VALUE | $93,761 | 92,079 | 88,260 | 87,071 | 86,504 | |||||
% OF NET ASSETS | 3.4 | 3.4 | 3.3 | 3.2 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 20.9 | % | ||||
Banks | 16.1 | |||||
Insurance | 10.4 | |||||
Food & Staples Retailing | 7.3 | |||||
Road & Rail | 5.4 | |||||
Metals & Mining | 4.2 | |||||
Chemicals | 3.8 | |||||
Multiline Retail | 3.1 | |||||
Diversified Telecommunication Services | 2.6 | |||||
Auto Components | 2.6 | |||||
Capital Markets | 2.5 | |||||
Media | 2.5 | |||||
Food Products | 2.0 | |||||
Real Estate Management & Development | 1.9 | |||||
IT Services | 1.9 | |||||
Textiles, Apparel & Luxury Goods | 1.5 | |||||
Real Estate Investment Trusts | 1.4 | |||||
Hotels, Restaurants & Leisure | 1.4 | |||||
Software | 1.3 | |||||
Multi-Utilities | 1.3 | |||||
Electric Utilities | 1.2 | |||||
Wireless Telecommunication Services | 1.1 | |||||
Pharmaceuticals | 0.7 | |||||
Trading Companies & Distributors | 0.7 | |||||
Diversified Financial Services | 0.6 | |||||
Health Care Providers & Services | 0.3 | |||||
Aerospace & Defense | 0.2 | |||||
Technology Hardware, Storage & Peripherals | 0.2 | |||||
Independent Power and Renewable Electricity Producers | 0.1 | |||||
Construction & Engineering | 0.1 | |||||
Paper & Forest Products | 0.1 | |||||
Short Term Investments | 0.1 | |||||
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. |
79
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SPDR MSCI Germany Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/11/14, 6/12/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI Germany Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.30%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MSCI GERMANY | MSCI GERMANY | |||||||||||||||||||||||
NET ASSET | MARKET | QUALITY MIX | NET ASSET | MARKET | QUALITY MIX | |||||||||||||||||||
VALUE | VALUE | A-SERIES INDEX | VALUE | VALUE | A-SERIES INDEX | |||||||||||||||||||
SIX MONTHS | 7.33% | 7.70% | 7.48% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −4.15% | −4.52% | −3.94% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period June 11, 2014 to March 31, 2015. |
80
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SPDR MSCI Germany Quality Mix 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 Germany | |||||||
Germany Quality | Quality Mix | |||||||
Mix ETF | Index | |||||||
6/11/2014 | 10000 | 10000 | ||||||
6/30/2014 | 10025 | 10026 | ||||||
7/31/2014 | 9431 | 9433 | ||||||
8/31/2014 | 9322 | 9327 | ||||||
9/30/2014 | 8930 | 8938 | ||||||
10/31/2014 | 8794 | 8804 | ||||||
11/30/2014 | 9334 | 9347 | ||||||
12/31/2014 | 8960 | 8975 | ||||||
1/31/2015 | 9067 | 9082 | ||||||
2/28/2015 | 9572 | 9590 | ||||||
3/31/2015 | 9585 | 9606 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037828.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.
81
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SPDR MSCI Germany Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
DESCRIPTION | ALLIANZ SE | BASF SE | SIEMENS AG | BAYER AG | SAP SE | |||||
MARKET VALUE | $594,488 | 565,777 | 503,879 | 476,170 | 431,537 | |||||
% OF NET ASSETS | 6.9 | 6.6 | 5.9 | 5.5 | 5.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Insurance | 13.6 | % | ||||
Chemicals | 10.9 | |||||
Automobiles | 10.2 | |||||
Pharmaceuticals | 8.2 | |||||
Industrial Conglomerates | 5.9 | |||||
Health Care Providers & Services | 5.7 | |||||
Software | 5.0 | |||||
Diversified Telecommunication Services | 4.5 | |||||
Multi-Utilities | 4.3 | |||||
Textiles, Apparel & Luxury Goods | 3.8 | |||||
Media | 3.6 | |||||
Household Products | 3.6 | |||||
Air Freight & Logistics | 3.3 | |||||
Capital Markets | 2.5 | |||||
Personal Products | 2.4 | |||||
Auto Components | 2.3 | |||||
Machinery | 1.9 | |||||
Diversified Financial Services | 1.5 | |||||
Semiconductors & Semiconductor Equipment | 1.3 | |||||
Real Estate Management & Development | 1.1 | |||||
Biotechnology | 0.9 | |||||
Internet Software & Services | 0.8 | |||||
Banks | 0.7 | |||||
Trading Companies & Distributors | 0.5 | |||||
Food & Staples Retailing | 0.3 | |||||
Airlines | 0.3 | |||||
Construction Materials | 0.3 | |||||
Metals & Mining | 0.3 | |||||
Transportation Infrastructure | 0.2 | |||||
Electrical Equipment | 0.1 | |||||
Short Term Investments | 0.0 | ** | ||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
82
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SPDR MSCI Japan Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/11/14, 6/12/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI Japan Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.30%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MSCI JAPAN | MSCI JAPAN | |||||||||||||||||||||||
NET ASSET | MARKET | QUALITY MIX | NET ASSET | MARKET | QUALITY MIX | |||||||||||||||||||
VALUE | VALUE | A-SERIES INDEX | VALUE | VALUE | A-SERIES INDEX | |||||||||||||||||||
SIX MONTHS | 8.95% | 8.96% | 9.07% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | 9.78% | 9.58% | 9.98% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period June 11, 2014 to March 31, 2015. |
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SPDR MSCI Japan Quality Mix 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 Japan | |||||||
Japan Quality | Quality Mix | |||||||
Mix ETF | Index | |||||||
6/11/2014 | 10000 | 10000 | ||||||
6/30/2014 | 10211 | 10214 | ||||||
7/31/2014 | 10310 | 10319 | ||||||
8/31/2014 | 10170 | 10177 | ||||||
9/30/2014 | 10076 | 10083 | ||||||
10/31/2014 | 10042 | 10056 | ||||||
11/30/2014 | 9962 | 9987 | ||||||
12/31/2014 | 9829 | 9858 | ||||||
1/31/2015 | 10211 | 10239 | ||||||
2/28/2015 | 10793 | 10823 | ||||||
3/31/2015 | 10978 | 10998 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037829.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.
84
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SPDR MSCI Japan Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
DESCRIPTION | KAO CORP. | KEYENCE CORP. | TOYOTA MOTOR CORP. | ORIENTAL LAND CO., LTD. | KDDI CORP. | |||||
MARKET VALUE | $170,107 | 164,102 | 160,775 | 151,678 | 149,721 | |||||
% OF NET ASSETS | 2.6 | 2.5 | 2.5 | 2.3 | 2.3 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Automobiles | 8.4 | % | ||||
Banks | 7.4 | |||||
Pharmaceuticals | 6.5 | |||||
Electronic Equipment, Instruments & Components | 6.3 | |||||
Machinery | 5.2 | |||||
Specialty Retail | 4.5 | |||||
Road & Rail | 3.9 | |||||
Wireless Telecommunication Services | 3.4 | |||||
Trading Companies & Distributors | 3.2 | |||||
Auto Components | 3.2 | |||||
Chemicals | 3.0 | |||||
Personal Products | 2.8 | |||||
Hotels, Restaurants & Leisure | 2.7 | |||||
Technology Hardware, Storage & Peripherals | 2.0 | |||||
Tobacco | 2.0 | |||||
Real Estate Investment Trusts | 2.0 | |||||
Household Durables | 1.8 | |||||
Food & Staples Retailing | 1.8 | |||||
Leisure Products | 1.7 | |||||
Real Estate Management & Development | 1.7 | |||||
Food Products | 1.5 | |||||
Insurance | 1.4 | |||||
Commercial Services & Supplies | 1.4 | |||||
Oil, Gas & Consumable Fuels | 1.4 | |||||
IT Services | 1.3 | |||||
Gas Utilities | 1.3 | |||||
Airlines | 1.2 | |||||
Internet Software & Services | 1.2 | |||||
Household Products | 1.2 | |||||
Software | 1.2 | |||||
Health Care Equipment & Supplies | 1.1 | |||||
Diversified Telecommunication Services | 1.0 | |||||
Beverages | 1.0 | |||||
Diversified Financial Services | 1.0 | |||||
Electric Utilities | 0.9 | |||||
Building Products | 0.9 | |||||
Health Care Technology | 0.6 | |||||
Metals & Mining | 0.6 | |||||
Construction & Engineering | 0.6 | |||||
Multiline Retail | 0.5 | |||||
Professional Services | 0.5 | |||||
Air Freight & Logistics | 0.5 | |||||
Electrical Equipment | 0.5 | |||||
Textiles, Apparel & Luxury Goods | 0.4 | |||||
Health Care Providers & Services | 0.4 | |||||
Industrial Conglomerates | 0.4 | |||||
Media | 0.3 | |||||
Capital Markets | 0.3 | |||||
Diversified Consumer Services | 0.3 | |||||
Internet & Catalog Retail | 0.2 | |||||
Independent Power and Renewable Electricity Producers | 0.2 | |||||
Transportation Infrastructure | 0.1 | |||||
Marine | 0.1 | |||||
Paper & Forest Products | 0.1 | |||||
Construction Materials | 0.0 | ** | ||||
Containers & Packaging | 0.0 | ** | ||||
Consumer Finance | 0.0 | ** | ||||
Short Term Investments | 0.0 | ** | ||||
Other Assets & Liabilities | 0.9 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
85
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SPDR MSCI Mexico Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (9/17/14, 9/18/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI Mexico Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MSCI MEXICO | MSCI MEXICO | |||||||||||||||||||||||
NET ASSET | MARKET | QUALITY MIX | NET ASSET | MARKET | QUALITY MIX | |||||||||||||||||||
VALUE | VALUE | A-SERIES INDEX | VALUE | VALUE | A-SERIES INDEX | |||||||||||||||||||
SIX MONTHS | −13.42% | −13.70% | −13.29% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −16.80% | −16.98% | −16.65% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period September 17, 2014 to March 31, 2015. |
86
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SPDR MSCI Mexico Quality Mix 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 Mexico | |||||||
Mexico Quailty | Quailty Mix | |||||||
Mix ETF | Index | |||||||
9/17/2014 | 10000 | 10000 | ||||||
9/30/2014 | 9610 | 9613 | ||||||
10/31/2014 | 9570 | 9576 | ||||||
11/30/2014 | 9121 | 9128 | ||||||
12/31/2014 | 8465 | 8473 | ||||||
1/31/2015 | 8005 | 8016 | ||||||
2/28/2015 | 8592 | 8605 | ||||||
3/31/2015 | 8320 | 8335 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037830.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.
87
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SPDR MSCI Mexico Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
AMERICA MOVIL SAB | FOMENTO ECONOMICO | WAL-MART DE MEXICO | GRUPO MEXICO SAB DE | |||||||
DESCRIPTION | DE CV (SERIES L) | MEXICANO SAB DE CV | SAB DE CV | GRUPO TELEVISA SAB | CV (SERIES B) | |||||
MARKET VALUE | $386,245 | 202,205 | 199,673 | 149,729 | 139,155 | |||||
% OF NET ASSETS | 15.5 | 8.1 | 8.0 | 6.0 | 5.6 | |||||
(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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Wireless Telecommunication Services | 15.5 | % | ||||
Beverages | 12.9 | |||||
Food & Staples Retailing | 11.7 | |||||
Banks | 9.9 | |||||
Metals & Mining | 7.9 | |||||
Transportation Infrastructure | 7.0 | |||||
Food Products | 6.6 | |||||
Media | 6.0 | |||||
Industrial Conglomerates | 4.3 | |||||
Multiline Retail | 3.8 | |||||
Construction & Engineering | 2.7 | |||||
Household Products | 2.6 | |||||
Construction Materials | 2.5 | |||||
Real Estate Investment Trusts | 2.2 | |||||
Consumer Finance | 1.9 | |||||
Chemicals | 1.6 | |||||
Pharmaceuticals | 0.8 | |||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
88
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SPDR MSCI South Korea Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (9/17/14, 9/18/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI South Korea Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MSCI SOUTH KOREA | MSCI SOUTH KOREA | |||||||||||||||||||||||
NET ASSET | MARKET | QUALITY MIX | NET ASSET | MARKET | QUALITY MIX | |||||||||||||||||||
VALUE | VALUE | A-SERIES INDEX | VALUE | VALUE | A-SERIES INDEX | |||||||||||||||||||
SIX MONTHS | −4.17% | −3.75% | −3.93% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −8.82% | −8.88% | −8.93% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period September 17, 2014 to March 31, 2015. |
89
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SPDR MSCI South Korea Quality Mix ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR MSCI | ||||||||
South Korea | MSCI South | |||||||
Quailty Mix | Korea Quailty | |||||||
ETF | Mix Index | |||||||
9/17/2014 | 10000 | 10000 | ||||||
9/30/2014 | 9515 | 9479 | ||||||
10/31/2014 | 9202 | 9170 | ||||||
11/30/2014 | 9043 | 9013 | ||||||
12/31/2014 | 8746 | 8800 | ||||||
1/31/2015 | 9023 | 9026 | ||||||
2/28/2015 | 8995 | 8988 | ||||||
3/31/2015 | 9118 | 9107 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037831.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.
90
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SPDR MSCI South Korea Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
SAMSUNG ELECTRONICS | HYUNDAI | HYUNDAI MOBIS | SAMSUNG ELECTRONICS CO., | |||||||
DESCRIPTION | CO., LTD. | MOTOR CO. | CO., LTD. | LTD. PREFERENCE SHARE | NAVER CORP. | |||||
MARKET VALUE | $507,847 | 126,058 | 106,648 | 103,489 | 94,954 | |||||
% OF NET ASSETS | 18.8 | 4.7 | 4.0 | 3.9 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Technology Hardware, Storage & Peripherals | 22.7 | % | ||||
Automobiles | 9.8 | |||||
Insurance | 6.3 | |||||
Auto Components | 5.7 | |||||
Banks | 5.4 | |||||
Electronic Equipment, Instruments & Components | 4.1 | |||||
Internet Software & Services | 3.9 | |||||
Chemicals | 2.9 | |||||
Oil, Gas & Consumable Fuels | 2.7 | |||||
Metals & Mining | 2.6 | |||||
Tobacco | 2.6 | |||||
Personal Products | 2.6 | |||||
Industrial Conglomerates | 2.6 | |||||
Semiconductors & Semiconductor Equipment | 1.8 | |||||
Household Products | 1.8 | |||||
Electric Utilities | 1.7 | |||||
Hotels, Restaurants & Leisure | 1.5 | |||||
Household Durables | 1.5 | |||||
Food Products | 1.4 | |||||
Machinery | 1.3 | |||||
IT Services | 1.3 | |||||
Wireless Telecommunication Services | 1.2 | |||||
Air Freight & Logistics | 1.2 | |||||
Multiline Retail | 1.2 | |||||
Pharmaceuticals | 1.2 | |||||
Software | 0.9 | |||||
Commercial Services & Supplies | 0.9 | |||||
Construction & Engineering | 0.8 | |||||
Diversified Telecommunication Services | 0.8 | |||||
Food & Staples Retailing | 0.7 | |||||
Aerospace & Defense | 0.6 | |||||
Trading Companies & Distributors | 0.6 | |||||
Media | 0.5 | |||||
Electrical Equipment | 0.5 | |||||
Gas Utilities | 0.5 | |||||
Capital Markets | 0.4 | |||||
Consumer Finance | 0.2 | |||||
Beverages | 0.2 | |||||
Airlines | 0.2 | |||||
Building Products | 0.1 | |||||
Specialty Retail | 0.0 | ** | ||||
Marine | 0.0 | ** | ||||
Road & Rail | 0.0 | ** | ||||
Short Term Investments | 0.1 | |||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
91
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SPDR MSCI Spain Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/11/14, 6/12/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI Spain Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.30%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MSCI SPAIN | MSCI SPAIN | |||||||||||||||||||||||
NET ASSET | MARKET | QUALITY MIX | NET ASSET | MARKET | QUALITY MIX | |||||||||||||||||||
VALUE | VALUE | A-SERIES INDEX | VALUE | VALUE | A-SERIES INDEX | |||||||||||||||||||
SIX MONTHS | −6.03% | −5.61% | −5.97% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −13.70% | −13.79% | −13.61% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period June 11, 2014 to March 31, 2015. |
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SPDR MSCI Spain Quality Mix 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 Spain | |||||||
Spain Quality | Quality Mix | |||||||
Mix ETF | Index | |||||||
6/11/2014 | 10000 | 10000 | ||||||
6/30/2014 | 10028 | 10028 | ||||||
7/31/2014 | 9689 | 9689 | ||||||
8/31/2014 | 9549 | 9549 | ||||||
9/30/2014 | 9184 | 9184 | ||||||
10/31/2014 | 8927 | 8927 | ||||||
11/30/2014 | 9202 | 9202 | ||||||
12/31/2014 | 8630 | 8630 | ||||||
1/31/2015 | 8250 | 8250 | ||||||
2/28/2015 | 8741 | 8741 | ||||||
3/31/2015 | 8630 | 8630 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037832.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.
93
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SPDR MSCI Spain Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
BANCO BILBAO | ||||||||||
DESCRIPTION | BANCO SANTANDER SA | TELEFONICA SA | VIZCAYA ARGENTARIA SA | IBERDROLA SA | INDITEX SA | |||||
MARKET VALUE | $373,633 | 278,345 | 169,468 | 157,086 | 156,958 | |||||
% OF NET ASSETS | 14.8 | 11.0 | 6.7 | 6.2 | 6.2 | |||||
(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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 30.8 | % | ||||
Electric Utilities | 11.3 | |||||
Diversified Telecommunication Services | 11.2 | |||||
Gas Utilities | 6.5 | |||||
Specialty Retail | 6.2 | |||||
Construction & Engineering | 6.2 | |||||
Oil, Gas & Consumable Fuels | 4.3 | |||||
IT Services | 4.0 | |||||
Insurance | 3.7 | |||||
Transportation Infrastructure | 3.6 | |||||
Machinery | 3.2 | |||||
Food & Staples Retailing | 2.9 | |||||
Airlines | 2.4 | |||||
Biotechnology | 2.2 | |||||
Media | 1.6 | |||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
94
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SPDR MSCI Taiwan Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (9/17/14, 9/18/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI Taiwan Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MSCI TAIWAN | MSCI TAIWAN | |||||||||||||||||||||||
NET ASSET | MARKET | QUALITY MIX | NET ASSET | MARKET | QUALITY MIX | |||||||||||||||||||
VALUE | VALUE | A-SERIES INDEX | VALUE | VALUE | A-SERIES INDEX | |||||||||||||||||||
SIX MONTHS | 5.34% | 5.84% | 5.67% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | 1.53% | 1.84% | 1.71% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period September 17, 2014 to March 31, 2015. |
95
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SPDR MSCI Taiwan Quality Mix 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 Taiwan | |||||||
Taiwan Quailty | Quailty Mix | |||||||
Mix ETF | Index | |||||||
9/17/2014 | 10000 | 10000 | ||||||
9/30/2014 | 9639 | 9625 | ||||||
9866 | 9857 | |||||||
10/31/2014 | 9866 | 9857 | ||||||
9978 | 9978 | |||||||
11/30/2014 | 9978 | 9978 | ||||||
9838 | 9839 | |||||||
12/31/2014 | 9838 | 9839 | ||||||
9979 | 9987 | |||||||
1/31/2015 | 9979 | 9987 | ||||||
10254 | 10269 | |||||||
2/28/2015 | 10254 | 10269 | ||||||
10153 | 10171 | |||||||
3/31/2015 | 10153 | 10171 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037833.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.
96
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SPDR MSCI Taiwan Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
TAIWAN | ||||||||||
SEMICONDUCTOR | ||||||||||
MANUFACTURING | CHUNGHWA TELECOM | HON HAI PRECISION | DELTA ELECTRONICS, | |||||||
DESCRIPTION | CO., LTD. | MEDIATEK, INC. | CO., LTD. | INDUSTRY CO., LTD. | INC. | |||||
MARKET VALUE | $823,058 | 351,902 | 308,453 | 307,382 | 265,101 | |||||
% OF NET ASSETS | 13.5 | 5.8 | 5.1 | 5.1 | 4.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Semiconductors & Semiconductor Equipment | 29.2 | % | ||||
Electronic Equipment, Instruments & Components | 17.0 | |||||
Technology Hardware, Storage & Peripherals | 14.7 | |||||
Banks | 10.4 | |||||
Diversified Telecommunication Services | 5.2 | |||||
Wireless Telecommunication Services | 4.4 | |||||
Chemicals | 2.4 | |||||
Food & Staples Retailing | 2.2 | |||||
Insurance | 1.6 | |||||
Metals & Mining | 1.5 | |||||
Textiles, Apparel & Luxury Goods | 1.4 | |||||
Leisure Products | 1.4 | |||||
Food Products | 1.3 | |||||
Auto Components | 1.2 | |||||
Construction Materials | 1.2 | |||||
Diversified Financial Services | 1.1 | |||||
Airlines | 0.7 | |||||
Oil, Gas & Consumable Fuels | 0.5 | |||||
Industrial Conglomerates | 0.4 | |||||
Capital Markets | 0.4 | |||||
Hotels, Restaurants & Leisure | 0.4 | |||||
Marine | 0.3 | |||||
Real Estate Management & Development | 0.3 | |||||
Specialty Retail | 0.3 | |||||
Electrical Equipment | 0.2 | |||||
Automobiles | 0.1 | |||||
Multiline Retail | 0.1 | |||||
Pharmaceuticals | 0.1 | |||||
Construction & Engineering | 0.1 | |||||
Building Products | 0.0 | ** | ||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
97
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SPDR MSCI United Kingdom Quality Mix 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (6/11/14, 6/12/14, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for most recent month-end performance. The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or on the redemption or sale of Fund shares. The total expense ratio for SPDR MSCI United Kingdom Quality Mix ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.30%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
MSCI UK | MSCI UK | |||||||||||||||||||||||
NET ASSET | MARKET | QUALITY MIX | NET ASSET | MARKET | QUALITY MIX | |||||||||||||||||||
VALUE | VALUE | A-SERIES INDEX | VALUE | VALUE | A-SERIES INDEX | |||||||||||||||||||
SIX MONTHS | −2.96% | −2.31% | −2.80% | N/A | N/A | N/A | ||||||||||||||||||
SINCE INCEPTION (1) | −7.67% | −6.97% | −7.45% | N/A | N/A | N/A | ||||||||||||||||||
(1) | For the period June 11, 2014 to March 31, 2015. |
98
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SPDR MSCI United Kingdom Quality Mix ETF —
Performance Summary (continued)
Performance Summary (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT (BASED ON NET ASSET VALUE)
SPDR MSCI | ||||||||
United Kingdom | MSCI United | |||||||
Quality Mix | Kingdom Quality | |||||||
ETF | Mix Index | |||||||
6/11/2014 | 10000 | 10000 | ||||||
6/30/2014 | 10112 | 10114 | ||||||
7/31/2014 | 9929 | 9933 | ||||||
8/31/2014 | 9983 | 9991 | ||||||
9/30/2014 | 9514 | 9521 | ||||||
10/31/2014 | 9321 | 9330 | ||||||
11/30/2014 | 9407 | 9426 | ||||||
12/31/2014 | 9257 | 9273 | ||||||
1/31/2015 | 9232 | 9251 | ||||||
2/28/2015 | 9761 | 9784 | ||||||
3/31/2015 | 9233 | 9255 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037834.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.
99
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SPDR MSCI United Kingdom Quality Mix ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
ROYAL DUTCH SHELL | BRITISH AMERICAN | RECKITT BENCKISER | ||||||||
DESCRIPTION | BP PLC | HSBC HOLDINGS PLC | PLC (CLASS A) | TOBACCO PLC | GROUP PLC | |||||
MARKET VALUE | $127,854 | 115,844 | 96,014 | 94,097 | 93,506 | |||||
% OF NET ASSETS | 4.7 | 4.3 | 3.5 | 3.5 | 3.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 11.2 | % | ||||
Banks | 7.9 | |||||
Pharmaceuticals | 7.1 | |||||
Media | 5.9 | |||||
Aerospace & Defense | 5.6 | |||||
Hotels, Restaurants & Leisure | 5.5 | |||||
Food Products | 4.9 | |||||
Tobacco | 4.8 | |||||
Insurance | 4.6 | |||||
Beverages | 3.7 | |||||
Household Products | 3.4 | |||||
Metals & Mining | 3.3 | |||||
Multi-Utilities | 2.6 | |||||
Real Estate Investment Trusts | 2.4 | |||||
Wireless Telecommunication Services | 2.2 | |||||
Trading Companies & Distributors | 2.1 | |||||
Diversified Telecommunication Services | 2.1 | |||||
Capital Markets | 2.0 | |||||
Professional Services | 2.0 | |||||
Multiline Retail | 2.0 | |||||
Health Care Equipment & Supplies | 1.7 | |||||
Food & Staples Retailing | 1.6 | |||||
Chemicals | 1.5 | |||||
Commercial Services & Supplies | 1.2 | |||||
Textiles, Apparel & Luxury Goods | 1.1 | |||||
Electric Utilities | 1.0 | |||||
Software | 0.9 | |||||
Containers & Packaging | 0.8 | |||||
Energy Equipment & Services | 0.8 | |||||
Machinery | 0.6 | |||||
Specialty Retail | 0.6 | |||||
Industrial Conglomerates | 0.5 | |||||
Airlines | 0.5 | |||||
Water Utilities | 0.2 | |||||
Diversified Financial Services | 0.2 | |||||
Auto Components | 0.1 | |||||
Air Freight & Logistics | 0.1 | |||||
Household Durables | 0.1 | |||||
Semiconductors & Semiconductor Equipment | 0.0 | ** | ||||
Short Term Investments | 0.1 | |||||
Other Assets & Liabilities | 1.1 | |||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
100
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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, 2015 (as supplemented February 3, 2015) is 0.30%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 7.47% | 8.85% | 7.59% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 11.85% | 14.04% | 12.33% | 11.85% | 14.04% | 12.33% | ||||||||||||||||||
THREE YEARS | 29.06% | 30.33% | 31.55% | 8.88% | 9.23% | 9.58% | ||||||||||||||||||
FIVE YEARS | 31.79% | 34.01% | 36.22% | 5.68% | 6.03% | 6.38% | ||||||||||||||||||
SINCE INCEPTION (1) | 7.92% | 9.54% | 13.27% | 0.91% | 1.09% | 1.50% | ||||||||||||||||||
(1) | For the period November 9, 2006 to March 31, 2015. |
101
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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 | Russell/Nomura PRIME | |||||||
PRIME Japan | Japan Index | |||||||
ETF (a) | (b) | |||||||
11/9/2006 | 10000.00 | 10000.00 | ||||||
31-Dec | 10514.00 | 10520.00 | ||||||
3/31/2007 | 10857.00 | 10886.00 | ||||||
30-Jun | 10765.00 | 10803.00 | ||||||
9/30/2007 | 10620.00 | 10661.00 | ||||||
31-Dec | 9987.00 | 9921.00 | ||||||
3/31/2008 | 9284.00 | 9329.00 | ||||||
30-Jun | 9461.00 | 9520.00 | ||||||
9/30/2008 | 7807.00 | 7870.00 | ||||||
31-Dec | 7243.00 | 7322.00 | ||||||
3/31/2009 | 6037.00 | 6078.00 | ||||||
30-Jun | 7398.00 | 7467.00 | ||||||
9/30/2009 | 7852.00 | 7965.00 | ||||||
31-Dec | 7552.00 | 7693.00 | ||||||
3/31/2010 | 8189.00 | 8315.00 | ||||||
30-Jun | 7447.00 | 7553.00 | ||||||
9/30/2010 | 7840.00 | 7967.00 | ||||||
31-Dec | 8738.00 | 8841.00 | ||||||
3/31/2011 | 8308.00 | 8511.00 | ||||||
30-Jun | 8329.00 | 8550.00 | ||||||
9/30/2011 | 7884.00 | 8106.00 | ||||||
31-Dec | 7585.00 | 7793.00 | ||||||
3/31/2012 | 8361.00 | 8611.00 | ||||||
30-Jun | 7772.00 | 8003.00 | ||||||
9/30/2012 | 7700.00 | 7951.00 | ||||||
31-Dec | 8070.00 | 8371.00 | ||||||
3/31/2013 | 8980.00 | 9320.00 | ||||||
30-Jun | 9307.00 | 9672.00 | ||||||
9/30/2013 | 9942.00 | 10374.00 | ||||||
31-Dec | 10162.00 | 10597.00 | ||||||
3/31/2014 | 9648.00 | 10084.00 | ||||||
30-Jun | 10300.00 | 10776.00 | ||||||
9/30/2014 | 10042.00 | 10528.00 | ||||||
31-Dec | 9767.00 | 10275.00 | ||||||
3/31/2015 | 10792.00 | 11327.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037835.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.
102
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SPDR Russell/Nomura PRIME Japan ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
TOYOTA MOTOR | MITSUBISHI UFJ | HONDA MOTOR | SUMITOMO MITSUI | |||||||
DESCRIPTION | CORP. | FINANCIAL GROUP, INC. | CO., LTD. | SOFTBANK CORP. | FINANCIAL GROUP, INC. | |||||
MARKET VALUE | $802,266 | 442,778 | 305,080 | 280,248 | 276,263 | |||||
% OF NET ASSETS | 4.3 | 2.4 | 1.6 | 1.5 | 1.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Automobiles | 8.6 | % | ||||
Banks | 8.5 | |||||
Machinery | 6.2 | |||||
Electronic Equipment, Instruments & Components | 5.9 | |||||
Pharmaceuticals | 5.7 | |||||
Road & Rail | 4.2 | |||||
Chemicals | 4.2 | |||||
Wireless Telecommunication Services | 3.5 | |||||
Auto Components | 3.4 | |||||
Trading Companies & Distributors | 3.4 | |||||
Real Estate Management & Development | 3.0 | |||||
Household Durables | 3.0 | |||||
Technology Hardware, Storage & Peripherals | 2.7 | |||||
Insurance | 2.5 | |||||
Metals & Mining | 1.9 | |||||
Food & Staples Retailing | 1.7 | |||||
Specialty Retail | 1.6 | |||||
Electrical Equipment | 1.6 | |||||
Construction & Engineering | 1.5 | |||||
Food Products | 1.5 | |||||
Diversified Telecommunication Services | 1.4 | |||||
Capital Markets | 1.3 | |||||
Beverages | 1.3 | |||||
Personal Products | 1.3 | |||||
Building Products | 1.3 | |||||
Electric Utilities | 1.2 | |||||
Multiline Retail | 1.1 | |||||
Commercial Services & Supplies | 1.0 | |||||
Tobacco | 1.0 | |||||
IT Services | 0.9 | |||||
Leisure Products | 0.9 | |||||
Health Care Equipment & Supplies | 0.9 | |||||
Gas Utilities | 0.9 | |||||
Software | 0.8 | |||||
Industrial Conglomerates | 0.8 | |||||
Oil, Gas & Consumable Fuels | 0.8 | |||||
Diversified Financial Services | 0.7 | |||||
Media | 0.7 | |||||
Hotels, Restaurants & Leisure | 0.7 | |||||
Semiconductors & Semiconductor Equipment | 0.6 | |||||
Internet & Catalog Retail | 0.5 | |||||
Internet Software & Services | 0.5 | |||||
Airlines | 0.5 | |||||
Health Care Providers & Services | 0.4 | |||||
Consumer Finance | 0.4 | |||||
Textiles, Apparel & Luxury Goods | 0.4 | |||||
Air Freight & Logistics | 0.3 | |||||
Marine | 0.3 | |||||
Household Products | 0.2 | |||||
Professional Services | 0.2 | |||||
Paper & Forest Products | 0.2 | |||||
Construction Materials | 0.2 | |||||
Independent Power and Renewable Electricity Producers | 0.1 | |||||
Transportation Infrastructure | 0.1 | |||||
Distributors | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Containers & Packaging | 0.1 | |||||
Biotechnology | 0.1 | |||||
Health Care Technology | 0.0 | ** | ||||
Communications Equipment | 0.0 | ** | ||||
Short Term Investments | 13.9 | |||||
Other Assets & Liabilities | (12.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
103
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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, 2015 (as supplemented February 3, 2015) is 0.40%
PERFORMANCE AS OF MARCH 31, 2015
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 | 4.64% | 4.32% | 4.59% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 8.04% | 8.32% | 9.26% | 8.04% | 8.32% | 9.26% | ||||||||||||||||||
THREE YEARS | 24.12% | 23.78% | 30.60% | 7.47% | 7.37% | 9.31% | ||||||||||||||||||
FIVE YEARS | 41.98% | 41.32% | 52.25% | 7.26% | 7.16% | 8.77% | ||||||||||||||||||
SINCE INCEPTION (1) | 23.76% | 23.43% | 34.99% | 2.57% | 2.54% | 3.64% | ||||||||||||||||||
(1) | For the period November 9, 2006 to March 31, 2015. |
104
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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 Japan | |||||||||||
Cap Japan | Small Cap | |||||||||||
ETF (a) | Index (b) | |||||||||||
11/9/2006 | 10000.00 | 10000.00 | ||||||||||
12/31/2006 | 10436.00 | 10359.00 | ||||||||||
3/31/2007 | 10934.00 | 10738.00 | ||||||||||
6/30/2007 | 10449.00 | 10378.00 | ||||||||||
9/30/2007 | 9943.00 | 9923.00 | ||||||||||
12/31/2007 | 9229.00 | 9164.00 | ||||||||||
3/31/2008 | 8927.00 | 9026.00 | ||||||||||
6/30/2008 | 8851.00 | 8897.00 | ||||||||||
9/30/2008 | 7472.00 | 7533.00 | ||||||||||
12/31/2008 | 7581.00 | 7681.00 | ||||||||||
3/31/2009 | 6434.00 | 6503.00 | ||||||||||
6/30/2009 | 8131.00 | 8246.00 | ||||||||||
9/30/2009 | 8694.00 | 8855.00 | ||||||||||
12/31/2009 | 7967.00 | 8131.00 | ||||||||||
3/31/2010 | 8717.00 | 8867.00 | ||||||||||
6/30/2010 | 8449.00 | 8557.00 | ||||||||||
9/30/2010 | 8658.00 | 8741.00 | ||||||||||
12/31/2010 | 9528.00 | 9602.00 | ||||||||||
3/31/2011 | 9442.00 | 9617.00 | ||||||||||
6/30/2011 | 9623.00 | 9818.00 | ||||||||||
9/30/2011 | 9711.00 | 9928.00 | ||||||||||
12/31/2011 | 9261.00 | 9481.00 | ||||||||||
3/31/2012 | 9971.00 | 10336.00 | ||||||||||
6/30/2012 | 9358.00 | 9720.00 | ||||||||||
9/30/2012 | 9415.00 | 9768.00 | ||||||||||
12/31/2012 | 9561.00 | 10029.00 | ||||||||||
3/31/2013 | 11006.00 | 11474.00 | ||||||||||
6/30/2013 | 10722.00 | 11317.00 | ||||||||||
9/30/2013 | 11791.00 | 12554.00 | ||||||||||
12/31/2013 | 11706.00 | 12572.00 | ||||||||||
3/31/2014 | 11455.00 | 12356.00 | ||||||||||
6/30/2014 | 12307.00 | 13343.00 | ||||||||||
9/30/2014 | 11827.00 | 12908.00 | ||||||||||
12/31/2014 | 11421.00 | 12514.00 | ||||||||||
3/31/2015 | 12376.00 | 13499.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037836.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.
105
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SPDR Russell/Nomura Small Cap Japan ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
JAPAN AVIATION | ||||||||||
ELECTRONICS | NIPPON SHINYAKU | SOHGO SECURITY | ||||||||
DESCRIPTION | INDUSTRY, LTD. | KINDEN CORP. | SUMCO CORP. | CO., LTD. | SERVICES CO., LTD. | |||||
MARKET VALUE | $267,467 | 262,063 | 260,951 | 255,368 | 252,683 | |||||
% OF NET ASSETS | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Machinery | 7.5 | % | ||||
Banks | 7.0 | |||||
Construction & Engineering | 5.5 | |||||
Chemicals | 5.3 | |||||
Auto Components | 4.7 | |||||
Specialty Retail | 4.0 | |||||
Electronic Equipment, Instruments & Components | 3.9 | |||||
Food Products | 3.9 | |||||
Hotels, Restaurants & Leisure | 3.7 | |||||
Metals & Mining | 2.8 | |||||
Food & Staples Retailing | 2.8 | |||||
Trading Companies & Distributors | 2.7 | |||||
Media | 2.6 | |||||
Commercial Services & Supplies | 2.5 | |||||
Pharmaceuticals | 2.4 | |||||
Building Products | 2.3 | |||||
IT Services | 2.1 | |||||
Household Durables | 2.0 | |||||
Software | 2.0 | |||||
Semiconductors & Semiconductor Equipment | 1.8 | |||||
Capital Markets | 1.8 | |||||
Real Estate Management & Development | 1.7 | |||||
Health Care Equipment & Supplies | 1.7 | |||||
Textiles, Apparel & Luxury Goods | 1.6 | |||||
Electrical Equipment | 1.6 | |||||
Personal Products | 1.6 | |||||
Road & Rail | 1.5 | |||||
Diversified Financial Services | 1.3 | |||||
Beverages | 1.2 | |||||
Consumer Finance | 1.1 | |||||
Technology Hardware, Storage & Peripherals | 1.1 | |||||
Professional Services | 1.1 | |||||
Health Care Providers & Services | 0.8 | |||||
Internet Software & Services | 0.8 | |||||
Oil, Gas & Consumable Fuels | 0.8 | |||||
Multiline Retail | 0.7 | |||||
Containers & Packaging | 0.7 | |||||
Biotechnology | 0.6 | |||||
Leisure Products | 0.6 | |||||
Internet & Catalog Retail | 0.5 | |||||
Communications Equipment | 0.5 | |||||
Industrial Conglomerates | 0.5 | |||||
Distributors | 0.4 | |||||
Air Freight & Logistics | 0.4 | |||||
Construction Materials | 0.3 | |||||
Energy Equipment & Services | 0.3 | |||||
Household Products | 0.3 | |||||
Paper & Forest Products | 0.2 | |||||
Transportation Infrastructure | 0.2 | |||||
Gas Utilities | 0.2 | |||||
Electric Utilities | 0.2 | |||||
Wireless Telecommunication Services | 0.2 | |||||
Marine | 0.1 | |||||
Diversified Consumer Services | 0.1 | |||||
Life Sciences Tools & Services | 0.1 | |||||
Health Care Technology | 0.1 | |||||
Aerospace & Defense | 0.0 | ** | ||||
Short Term Investments | 13.9 | |||||
Other Assets & Liabilities | (12.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
106
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SPDR S&P Global 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 the day after the Fund’s inception, for the period from inception to the first day of secondary market trading in shares of the Fund (5/29/13, 5/30/13, respectively), the NAV of the Fund is used as a proxy for the secondary market trading price to calculate market returns. NAV and market returns assume that dividends and capital gain distributions have been reinvested in the Fund at NAV. Market returns do not include brokerage commissions that may be payable on secondary market transactions. If brokerage commissions were included market returns would be lower.
An index is a statistical measure of a specified financial market or sector. An index does not actually hold a portfolio of securities and therefore does not reflect deductions for fees or expenses. In comparison, the Fund’s performance is negatively impacted by these deductions.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted. Visit www.spdrs.com for 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 Dividend ETF as stated in the Fees and Expenses table of the prospectus dated January 31, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
NET ASSET | MARKET | S&P GLOBAL DIVIDEND | NET ASSET | MARKET | S&P GLOBAL DIVIDEND | |||||||||||||||||||
VALUE | VALUE | ARISTOCRATS INDEX | VALUE | VALUE | ARISTOCRATS INDEX | |||||||||||||||||||
SIX MONTHS | 3.65% | 3.91% | 3.63% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 3.30% | 3.29% | 3.08% | 3.30% | 3.29% | 3.08% | ||||||||||||||||||
SINCE INCEPTION (1) | 18.07% | 18.21% | 17.88% | 9.44% | 9.51% | 9.37% | ||||||||||||||||||
(1) | For the period May 29, 2013 to March 31, 2015. |
107
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SPDR S&P Global 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 Global | |||||||||||||||
Global Dividend | Dividend Aristocrats | |||||||||||||||
ETF (a) | Index (b) | |||||||||||||||
5/29/2013 | 10000.00 | 10.00,000 | ||||||||||||||
6/30/2013 | 9692.00 | 9.00,692 | ||||||||||||||
9/30/2013 | 10661.00 | 10666.00 | ||||||||||||||
12/31/2013 | 11038.00 | 11039.00 | ||||||||||||||
3/31/2014 | 11430.00 | 11436.00 | ||||||||||||||
6/30/2014 | 12150.00 | 12142.00 | ||||||||||||||
9/30/2014 | 11391.00 | 11375.00 | ||||||||||||||
12/31/2014 | 11555.00 | 11541.00 | ||||||||||||||
3/31/2015 | 11807.00 | 11788.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037837.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.
108
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SPDR S&P Global Dividend ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
R.R. DONNELLEY & | WILLIAM MORRISON | COCA-COLA | ||||||||
DESCRIPTION | HOLLYFRONTIER CORP. | NEOPOST SA | SONS CO. | SUPERMARKETS PLC | AMATIL, LTD. | |||||
MARKET VALUE | $1,300,439 | 1,042,338 | 878,134 | 811,625 | 806,837 | |||||
% OF NET ASSETS | 2.5 | 2.0 | 1.7 | 1.5 | 1.5 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Electric Utilities | 9.1 | % | ||||
Oil, Gas & Consumable Fuels | 8.8 | |||||
Real Estate Investment Trusts | 6.1 | |||||
Insurance | 5.8 | |||||
Diversified Telecommunication Services | 5.3 | |||||
Banks | 4.9 | |||||
Food & Staples Retailing | 3.3 | |||||
Tobacco | 3.3 | |||||
Commercial Services & Supplies | 3.2 | |||||
Technology Hardware, Storage & Peripherals | 3.1 | |||||
Multi-Utilities | 3.1 | |||||
Real Estate Management & Development | 3.0 | |||||
Gas Utilities | 3.0 | |||||
Construction & Engineering | 2.9 | |||||
Wireless Telecommunication Services | 2.8 | |||||
Media | 2.8 | |||||
Transportation Infrastructure | 2.7 | |||||
Pharmaceuticals | 2.2 | |||||
Metals & Mining | 2.2 | |||||
Specialty Retail | 2.1 | |||||
Thrifts & Mortgage Finance | 2.1 | |||||
Food Products | 2.1 | |||||
Diversified Financial Services | 1.7 | |||||
Capital Markets | 1.7 | |||||
Beverages | 1.5 | |||||
Energy Equipment & Services | 1.2 | |||||
Machinery | 1.1 | |||||
Electronic Equipment, Instruments & Components | 1.0 | |||||
Aerospace & Defense | 1.0 | |||||
Hotels, Restaurants & Leisure | 1.0 | |||||
Personal Products | 1.0 | |||||
Leisure Products | 0.9 | |||||
Health Care Providers & Services | 0.9 | |||||
Textiles, Apparel & Luxury Goods | 0.8 | |||||
Chemicals | 0.8 | |||||
Industrial Conglomerates | 0.7 | |||||
Short Term Investments | 16.6 | |||||
Other Assets & Liabilities | (15.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
109
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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, 2015 (as supplemented February 3, 2015) is 0.45%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −7.60% | −7.62% | −7.21% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −8.95% | −9.21% | −7.80% | −8.95% | −9.21% | −7.80% | ||||||||||||||||||
THREE YEARS | 1.90% | 1.31% | 6.03% | 0.63% | 0.44% | 1.97% | ||||||||||||||||||
FIVE YEARS | 4.20% | 4.25% | 10.40% | 0.83% | 0.84% | 2.00% | ||||||||||||||||||
SINCE INCEPTION (1) | −9.22% | −9.31% | −2.25% | −1.35% | −1.36% | −0.32% | ||||||||||||||||||
(1) | For the period February 12, 2008 to March 31, 2015. |
110
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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 (a) | Index (b) | |||||||||||||||||||
2/12/2008 | 10000.00 | 10000.00 | ||||||||||||||||||
3/31/2008 | 10431.00 | 10.00,373 | ||||||||||||||||||
6/30/2008 | 9265.00 | 9239.00 | ||||||||||||||||||
9/30/2008 | 7307.00 | 7289.00 | ||||||||||||||||||
12/31/2008 | 5260.00 | 5246.00 | ||||||||||||||||||
3/31/2009 | 4642.00 | 4627.00 | ||||||||||||||||||
6/30/2009 | 6624.00 | 6662.00 | ||||||||||||||||||
9/30/2009 | 8320.00 | 8419.00 | ||||||||||||||||||
12/31/2009 | 8704.00 | 8823.00 | ||||||||||||||||||
3/31/2010 | 8712.00 | 8857.00 | ||||||||||||||||||
6/30/2010 | 7528.00 | 7672.00 | ||||||||||||||||||
9/30/2010 | 8930.00 | 9144.00 | ||||||||||||||||||
12/31/2010 | 9323.00 | 9567.00 | ||||||||||||||||||
3/31/2011 | 9909.00 | 10193.00 | ||||||||||||||||||
6/30/2011 | 10105.00 | 10386.00 | ||||||||||||||||||
9/30/2011 | 7942.00 | 8199.00 | ||||||||||||||||||
12/31/2011 | 8265.00 | 8549.00 | ||||||||||||||||||
3/31/2012 | 8908.00 | 9219.00 | ||||||||||||||||||
6/30/2012 | 8239.00 | 8544.00 | ||||||||||||||||||
9/30/2012 | 8534.00 | 8868.00 | ||||||||||||||||||
12/31/2012 | 8975.00 | 9345.00 | ||||||||||||||||||
3/31/2013 | 9269.00 | 9736.00 | ||||||||||||||||||
6/30/2013 | 8696.00 | 9175.00 | ||||||||||||||||||
9/30/2013 | 9408.00 | 9948.00 | ||||||||||||||||||
12/31/2013 | 9660.00 | 10239.00 | ||||||||||||||||||
3/31/2014 | 9970.00 | 10602.00 | ||||||||||||||||||
6/30/2014 | 10748.00 | 11471.00 | ||||||||||||||||||
9/30/2014 | 9825.00 | 10534.00 | ||||||||||||||||||
12/31/2014 | 9135.00 | 9813.00 | ||||||||||||||||||
3/31/2015 | 9078.00 | 9775.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037838.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.
111
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SPDR S&P International Dividend ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
CANADIAN OIL | BAYTEX ENERGY | CRESCENT POINT | ROYAL DUTCH | WHITECAP RESOURCES, | ||||||
DESCRIPTION | SANDS, LTD. | CORP. | ENERGY CORP. | SHELL PLC (CLASS A) | INC. | |||||
MARKET VALUE | $50,054,262 | 41,927,226 | 37,399,638 | 36,626,169 | 36,257,940 | |||||
% OF NET ASSETS | 3.7 | 3.1 | 2.8 | 2.7 | 2.7 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 21.7 | % | ||||
Real Estate Investment Trusts | 9.7 | |||||
Diversified Telecommunication Services | 7.6 | |||||
Wireless Telecommunication Services | 7.0 | |||||
Electric Utilities | 6.8 | |||||
Insurance | 6.5 | |||||
Banks | 5.1 | |||||
Multi-Utilities | 4.5 | |||||
Food & Staples Retailing | 4.1 | |||||
Real Estate Management & Development | 3.3 | |||||
Metals & Mining | 3.2 | |||||
Gas Utilities | 2.9 | |||||
Energy Equipment & Services | 2.7 | |||||
Hotels, Restaurants & Leisure | 2.5 | |||||
Household Durables | 2.1 | |||||
Construction & Engineering | 2.0 | |||||
Media | 1.7 | |||||
Transportation Infrastructure | 0.9 | |||||
Pharmaceuticals | 0.8 | |||||
Technology Hardware, Storage & Peripherals | 0.7 | |||||
Capital Markets | 0.6 | |||||
Textiles, Apparel & Luxury Goods | 0.6 | |||||
Commercial Services & Supplies | 0.5 | |||||
Auto Components | 0.5 | |||||
Chemicals | 0.4 | |||||
Diversified Financial Services | 0.4 | |||||
Independent Power and Renewable Electricity Producers | 0.3 | |||||
Automobiles | 0.3 | |||||
Short Term Investments | 19.7 | |||||
Other Assets & Liabilities | (19.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
112
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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, 2015 (as supplemented February 3, 2015) is 0.45%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
EX-U.S. BETWEEN | EX-U.S. BETWEEN | |||||||||||||||||||||||
NET ASSET | MARKET | USD2 BILLION AND | NET ASSET | MARKET | USD2 BILLION AND | |||||||||||||||||||
VALUE | VALUE | USD5 BILLION INDEX | VALUE | VALUE | USD5 BILLION INDEX | |||||||||||||||||||
SIX MONTHS | 3.23% | 2.88% | 4.05% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 0.56% | 0.35% | 2.43% | 0.56% | 0.35% | 2.43% | ||||||||||||||||||
THREE YEARS | 32.09% | 31.31% | 36.23% | 9.72% | 9.50% | 10.86% | ||||||||||||||||||
FIVE YEARS | 49.17% | 47.76% | 54.95% | 8.33% | 8.12% | 9.15% | ||||||||||||||||||
SINCE INCEPTION (1) | 23.48% | 22.78% | 29.25% | 3.10% | 3.02% | 3.79% | ||||||||||||||||||
(1) | For the period May 7, 2008 to March 31, 2015. |
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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)
S&P Developed | ||||||||||||
Ex-U.S. between | ||||||||||||
SPDR S&P | USD2 Billion | |||||||||||
International Mid | and USD5 | |||||||||||
Cap ETF | Billion Index | |||||||||||
(a) | (b) | |||||||||||
5/7/2008 | 10000.00 | 10000.00 | ||||||||||
6/30/2008 | 9352.00 | 9309.00 | ||||||||||
9/30/2008 | 7346.00 | 7241.00 | ||||||||||
12/31/2008 | 5774.00 | 5632.00 | ||||||||||
3/31/2009 | 5258.00 | 5103.00 | ||||||||||
6/30/2009 | 6716.00 | 6622.00 | ||||||||||
9/30/2009 | 7852.00 | 7940.00 | ||||||||||
12/31/2009 | 7848.00 | 7968.00 | ||||||||||
3/31/2010 | 8278.00 | 8342.00 | ||||||||||
6/30/2010 | 7428.00 | 7486.00 | ||||||||||
9/30/2010 | 8723.00 | 8819.00 | ||||||||||
12/31/2010 | 9629.00 | 9759.00 | ||||||||||
3/31/2011 | 9957.00 | 10145.00 | ||||||||||
6/30/2011 | 10082.00 | 10293.00 | ||||||||||
9/30/2011 | 8201.00 | 8378.00 | ||||||||||
12/31/2011 | 8312.00 | 8475.00 | ||||||||||
3/31/2012 | 9348.00 | 9487.00 | ||||||||||
6/30/2012 | 8656.00 | 8773.00 | ||||||||||
9/30/2012 | 9289.00 | 9402.00 | ||||||||||
12/31/2012 | 9784.00 | 9926.00 | ||||||||||
3/31/2013 | 10370.00 | 10602.00 | ||||||||||
6/30/2013 | 10210.00 | 10476.00 | ||||||||||
9/30/2013 | 11432.00 | 11729.00 | ||||||||||
12/31/2013 | 11982.00 | 12319.00 | ||||||||||
3/31/2014 | 12279.00 | 12619.00 | ||||||||||
6/30/2014 | 12805.00 | 13224.00 | ||||||||||
9/30/2014 | 11961.00 | 12423.00 | ||||||||||
12/31/2014 | 11563.00 | 12084.00 | ||||||||||
3/31/2015 | 12348.00 | 12925.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037839.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.
114
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SPDR S&P International Mid Cap ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
ISETAN MITSUKOSHI | SANTEN PHARMACEUTICAL | GOLDIN FINANCIAL | SUMITOMO HEAVY | |||||||
DESCRIPTION | HOLDINGS, LTD. | CO., LTD. | TOTO, LTD. | HOLDINGS, LTD. | INDUSTRIES, LTD. | |||||
MARKET VALUE | $266,890 | 240,775 | 223,265 | 221,203 | 216,560 | |||||
% OF NET ASSETS | 0.5 | 0.5 | 0.4 | 0.5 | 0.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Chemicals | 5.5 | % | ||||
Banks | 5.4 | |||||
Real Estate Investment Trusts | 4.9 | |||||
Machinery | 4.3 | |||||
Media | 4.0 | |||||
Real Estate Management & Development | 3.5 | |||||
Capital Markets | 3.3 | |||||
Food Products | 3.2 | |||||
Metals & Mining | 3.0 | |||||
Hotels, Restaurants & Leisure | 2.9 | |||||
Multiline Retail | 2.7 | |||||
Oil, Gas & Consumable Fuels | 2.7 | |||||
Electronic Equipment, Instruments & Components | 2.6 | |||||
Insurance | 2.5 | |||||
Pharmaceuticals | 2.4 | |||||
Commercial Services & Supplies | 2.3 | |||||
Auto Components | 2.2 | |||||
Health Care Providers & Services | 2.1 | |||||
Road & Rail | 2.1 | |||||
Diversified Financial Services | 2.1 | |||||
Diversified Telecommunication Services | 1.9 | |||||
Health Care Equipment & Supplies | 1.8 | |||||
Construction & Engineering | 1.8 | |||||
Electrical Equipment | 1.7 | |||||
Energy Equipment & Services | 1.6 | |||||
Transportation Infrastructure | 1.5 | |||||
Household Durables | 1.4 | |||||
Software | 1.4 | |||||
Containers & Packaging | 1.3 | |||||
Specialty Retail | 1.2 | |||||
Semiconductors & Semiconductor Equipment | 1.1 | |||||
Food & Staples Retailing | 1.1 | |||||
Air Freight & Logistics | 1.1 | |||||
Electric Utilities | 1.1 | |||||
Aerospace & Defense | 1.1 | |||||
IT Services | 1.0 | |||||
Professional Services | 0.9 | |||||
Trading Companies & Distributors | 0.9 | |||||
Industrial Conglomerates | 0.9 | |||||
Textiles, Apparel & Luxury Goods | 0.8 | |||||
Building Products | 0.8 | |||||
Beverages | 0.7 | |||||
Marine | 0.7 | |||||
Internet Software & Services | 0.7 | |||||
Consumer Finance | 0.7 | |||||
Construction Materials | 0.7 | |||||
Paper & Forest Products | 0.6 | |||||
Leisure Products | 0.5 | |||||
Independent Power and Renewable Electricity Producers | 0.5 | |||||
Life Sciences Tools & Services | 0.5 | |||||
Multi-Utilities | 0.5 | |||||
Wireless Telecommunication Services | 0.4 | |||||
Internet & Catalog Retail | 0.4 | |||||
Gas Utilities | 0.4 | |||||
Airlines | 0.4 | |||||
Thrifts & Mortgage Finance | 0.3 | |||||
Technology Hardware, Storage & Peripherals | 0.3 | |||||
Biotechnology | 0.2 | |||||
Diversified Consumer Services | 0.2 | |||||
Distributors | 0.2 | |||||
Household Products | 0.2 | |||||
Communications Equipment | 0.1 | |||||
Short Term Investments | 11.0 | |||||
Other Assets & Liabilities | (10.3 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
115
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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, 2015 (as supplemented February 3, 2015) is 0.65%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −5.16% | −4.74% | −4.64% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −2.97% | −3.20% | −0.85% | −2.97% | −3.20% | −0.85% | ||||||||||||||||||
THREE YEARS | 6.12% | 4.88% | 11.06% | 2.00% | 1.60% | 3.56% | ||||||||||||||||||
FIVE YEARS | 6.86% | 5.91% | 17.22% | 1.34% | 1.16% | 3.23% | ||||||||||||||||||
SINCE INCEPTION (1) | 3.17% | 2.79% | 21.28% | 0.45% | 0.40% | 2.84% | ||||||||||||||||||
(1) | For the period May 12, 2008 to March 31, 2015. |
116
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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)
SPDR S&P | S&P Emerging | |||||||||||||||
Emerging Markets | Markets Under | |||||||||||||||
Small Cap | USD2 Billion | |||||||||||||||
ETF (a) | Index (b) | |||||||||||||||
5/12/2008 | 10000.00 | 10000.00 | ||||||||||||||
6/30/2008 | 8630.00 | 8648.00 | ||||||||||||||
9/30/2008 | 6253.00 | 6372.00 | ||||||||||||||
12/31/2008 | 4682.00 | 4795.00 | ||||||||||||||
3/31/2009 | 4808.00 | 4906.00 | ||||||||||||||
6/30/2009 | 7021.00 | 7239.00 | ||||||||||||||
9/30/2009 | 8454.00 | 8839.00 | ||||||||||||||
12/31/2009 | 9389.00 | 9941.00 | ||||||||||||||
3/31/2010 | 9655.00 | 10347.00 | ||||||||||||||
6/30/2010 | 9032.00 | 9593.00 | ||||||||||||||
9/30/2010 | 10758.00 | 11644.00 | ||||||||||||||
12/31/2010 | 11517.00 | 12640.00 | ||||||||||||||
3/31/2011 | 10924.00 | 12164.00 | ||||||||||||||
6/30/2011 | 10897.00 | 12118.00 | ||||||||||||||
9/30/2011 | 8246.00 | 9235.00 | ||||||||||||||
12/31/2011 | 8151.00 | 9116.00 | ||||||||||||||
3/31/2012 | 9722.00 | 10921.00 | ||||||||||||||
6/30/2012 | 8892.00 | 10039.00 | ||||||||||||||
9/30/2012 | 9573.00 | 10818.00 | ||||||||||||||
12/31/2012 | 10125.00 | 11502.00 | ||||||||||||||
3/31/2013 | 10435.00 | 11910.00 | ||||||||||||||
6/30/2013 | 9832.00 | 11240.00 | ||||||||||||||
9/30/2013 | 10176.00 | 11611.00 | ||||||||||||||
12/31/2013 | 10378.00 | 11911.00 | ||||||||||||||
3/31/2014 | 10632.00 | 12232.00 | ||||||||||||||
6/30/2014 | 11333.00 | 13111.00 | ||||||||||||||
9/30/2014 | 10878.00 | 12718.00 | ||||||||||||||
12/31/2014 | 10217.00 | 11967.00 | ||||||||||||||
3/31/2015 | 10317.00 | 12128.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037840.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.
117
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SPDR S&P Emerging Markets Small Cap ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
ECLAT TEXTILE | HANA MICROELECTRONICS | HIGHWEALTH | ||||||||
DESCRIPTION | MONDI, LTD. | CLICKS GROUP, LTD. | CO., LTD. | PCL | CONSTRUCTION CORP. | |||||
MARKET VALUE | $2,496,079 | 2,393,541 | 2,117,338 | 1,939,786 | 1,913,499 | |||||
% OF NET ASSETS | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Real Estate Management & Development | 8.1 | % | ||||
Semiconductors & Semiconductor Equipment | 6.7 | |||||
Electronic Equipment, Instruments & Components | 5.0 | |||||
Chemicals | 4.9 | |||||
Banks | 4.2 | |||||
Textiles, Apparel & Luxury Goods | 3.6 | |||||
Food Products | 3.3 | |||||
Metals & Mining | 3.3 | |||||
Hotels, Restaurants & Leisure | 3.3 | |||||
Construction & Engineering | 3.2 | |||||
Electrical Equipment | 2.6 | |||||
Machinery | 2.5 | |||||
Pharmaceuticals | 2.4 | |||||
Household Durables | 2.1 | |||||
Capital Markets | 2.1 | |||||
Technology Hardware, Storage & Peripherals | 2.0 | |||||
Marine | 1.9 | |||||
Transportation Infrastructure | 1.8 | |||||
Real Estate Investment Trusts | 1.8 | |||||
IT Services | 1.7 | |||||
Food & Staples Retailing | 1.7 | |||||
Media | 1.7 | |||||
Oil, Gas & Consumable Fuels | 1.6 | |||||
Diversified Financial Services | 1.6 | |||||
Auto Components | 1.6 | |||||
Software | 1.2 | |||||
Health Care Providers & Services | 1.2 | |||||
Industrial Conglomerates | 1.2 | |||||
Airlines | 1.2 | |||||
Communications Equipment | 1.1 | |||||
Specialty Retail | 1.1 | |||||
Internet Software & Services | 1.1 | |||||
Water Utilities | 1.1 | |||||
Multiline Retail | 1.0 | |||||
Consumer Finance | 1.0 | |||||
Construction Materials | 0.9 | |||||
Diversified Consumer Services | 0.9 | |||||
Automobiles | 0.8 | |||||
Diversified Telecommunication Services | 0.8 | |||||
Insurance | 0.8 | |||||
Health Care Equipment & Supplies | 0.8 | |||||
Commercial Services & Supplies | 0.8 | |||||
Paper & Forest Products | 0.8 | |||||
Electric Utilities | 0.7 | |||||
Trading Companies & Distributors | 0.6 | |||||
Beverages | 0.6 | |||||
Containers & Packaging | 0.6 | |||||
Energy Equipment & Services | 0.5 | |||||
Independent Power and Renewable Electricity Producers | 0.4 | |||||
Building Products | 0.4 | |||||
Personal Products | 0.4 | |||||
Tobacco | 0.4 | |||||
Air Freight & Logistics | 0.4 | |||||
Distributors | 0.3 | |||||
Biotechnology | 0.3 | |||||
Internet & Catalog Retail | 0.3 | |||||
Gas Utilities | 0.3 | |||||
Thrifts & Mortgage Finance | 0.2 | |||||
Professional Services | 0.2 | |||||
Road & Rail | 0.2 | |||||
Wireless Telecommunication Services | 0.2 | |||||
Multi-Utilities | 0.1 | |||||
Household Products | 0.1 | |||||
Leisure Products | 0.0 | ** | ||||
Short Term Investments | 6.3 | |||||
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. | |
** | Amount shown represents less than 0.05% of net assets. |
118
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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, 2015 (as supplemented February 3, 2015) is 0.50%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 13.58% | 13.56% | 13.48% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 17.42% | 17.35% | 17.13% | 17.42% | 17.35% | 17.13% | ||||||||||||||||||
THREE YEARS | 41.71% | 41.51% | 41.11% | 12.32% | 12.27% | 12.17% | ||||||||||||||||||
FIVE YEARS | 83.15% | 83.06% | 82.03% | 12.87% | 12.86% | 12.73% | ||||||||||||||||||
SINCE INCEPTION (1) | 34.71% | 34.91% | 32.11% | 4.41% | 4.43% | 4.12% | ||||||||||||||||||
(1) | For the period May 7, 2008 to March 31, 2015. |
119
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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)
Dow Jones | ||||||||||||||||
SPDR Dow | Global Select | |||||||||||||||
Jones Global | Real Estate | |||||||||||||||
Real Estate | Securities Index | |||||||||||||||
ETF (a) | (b) | |||||||||||||||
5/7/2008 | 10000.00 | 10000.00 | ||||||||||||||
6/30/2008 | 8746.00 | 8722.00 | ||||||||||||||
9/30/2008 | 8011.00 | 7955.00 | ||||||||||||||
12/31/2008 | 5216.00 | 5160.00 | ||||||||||||||
3/31/2009 | 3929.00 | 3886.00 | ||||||||||||||
6/30/2009 | 5187.00 | 5131.00 | ||||||||||||||
9/30/2009 | 6732.00 | 6660.00 | ||||||||||||||
12/31/2009 | 6996.00 | 6919.00 | ||||||||||||||
3/31/2010 | 7355.00 | 7258.00 | ||||||||||||||
6/30/2010 | 6845.00 | 6753.00 | ||||||||||||||
9/30/2010 | 8057.00 | 7959.00 | ||||||||||||||
12/31/2010 | 8667.00 | 8568.00 | ||||||||||||||
3/31/2011 | 8983.00 | 8857.00 | ||||||||||||||
6/30/2011 | 9338.00 | 9205.00 | ||||||||||||||
9/30/2011 | 7833.00 | 7709.00 | ||||||||||||||
12/31/2011 | 8432.00 | 8289.00 | ||||||||||||||
3/31/2012 | 9506.00 | 9362.00 | ||||||||||||||
6/30/2012 | 9733.00 | 9570.00 | ||||||||||||||
9/30/2012 | 10071.00 | 9919.00 | ||||||||||||||
12/31/2012 | 10545.00 | 10396.00 | ||||||||||||||
3/31/2013 | 11210.00 | 11052.00 | ||||||||||||||
6/30/2013 | 10814.00 | 10656.00 | ||||||||||||||
9/30/2013 | 10938.00 | 10765.00 | ||||||||||||||
12/31/2013 | 10838.00 | 10664.00 | ||||||||||||||
3/31/2014 | 11472.00 | 11280.00 | ||||||||||||||
6/30/2014 | 12372.00 | 12158.00 | ||||||||||||||
9/30/2014 | 11861.00 | 11642.00 | ||||||||||||||
12/31/2014 | 12910.00 | 12670.00 | ||||||||||||||
3/31/2015 | 13471.00 | 13211.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037841.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.
120
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SPDR Dow Jones Global Real Estate ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
BROOKFIELD ASSET | ||||||||||
SIMON PROPERTY | MANAGEMENT, INC. | MITSUI FUDOSAN | ||||||||
DESCRIPTION | GROUP, INC. | (CLASS A) | CO., LTD. | PUBLIC STORAGE | EQUITY RESIDENTIAL | |||||
MARKET VALUE | $119,817,175 | 60,406,590 | 57,507,967 | 56,370,803 | 55,706,416 | |||||
% OF NET ASSETS | 5.7 | 2.9 | 2.7 | 2.7 | 2.7 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Retail REITs | 26.3 | % | ||||
Specialized REITs | 16.0 | |||||
Real Estate Management & Development | 14.7 | |||||
Office REITs | 14.4 | |||||
Residential REITs | 11.7 | |||||
Diversified REITs | 11.2 | |||||
Industrial REITs | 5.0 | |||||
Diversified Capital Markets | 0.4 | |||||
Unknown | 0.0 | ** | ||||
Short Term Investments | 1.7 | |||||
Other Assets & Liabilities | (1.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. | |
** | Amount shown represents less than 0.05% of net assets. |
121
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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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 9.39% | 9.47% | 8.72% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 4.25% | 3.85% | 3.63% | 4.25% | 3.85% | 3.63% | ||||||||||||||||||
THREE YEARS | 45.00% | 44.07% | 45.31% | 13.18% | 12.94% | 13.28% | ||||||||||||||||||
FIVE YEARS | 75.58% | 75.42% | 76.55% | 11.92% | 11.90% | 12.04% | ||||||||||||||||||
SINCE INCEPTION (1) | 79.90% | 79.51% | 78.81% | 9.15% | 9.11% | 9.05% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2015. |
122
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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)
S&P Developed | ||||||||||||
SPDR S&P | Ex-U.S. BMI | |||||||||||
International Consumer | Consumer Discertionary | |||||||||||
Discretionary Sector | Sector Index | |||||||||||
ETF (a) | (b) | |||||||||||
7/16/2008 | 10000.00 | 10000.00 | ||||||||||
9/30/2008 | 8773.00 | 8725.00 | ||||||||||
12/31/2008 | 6970.00 | 6788.00 | ||||||||||
3/31/2009 | 6456.00 | 6289.00 | ||||||||||
6/30/2009 | 8220.00 | 8066.00 | ||||||||||
9/30/2009 | 9682.00 | 9547.00 | ||||||||||
12/31/2009 | 9920.00 | 9797.00 | ||||||||||
3/31/2010 | 10246.00 | 10129.00 | ||||||||||
6/30/2010 | 9286.00 | 9198.00 | ||||||||||
9/30/2010 | 10954.00 | 10896.00 | ||||||||||
12/31/2010 | 11945.00 | 11934.00 | ||||||||||
3/31/2011 | 11967.00 | 12033.00 | ||||||||||
6/30/2011 | 12858.00 | 12887.00 | ||||||||||
9/30/2011 | 10367.00 | 10375.00 | ||||||||||
12/31/2011 | 10445.00 | 10422.00 | ||||||||||
3/31/2012 | 12407.00 | 12305.00 | ||||||||||
6/30/2012 | 11363.00 | 11303.00 | ||||||||||
9/30/2012 | 11860.00 | 11795.00 | ||||||||||
12/31/2012 | 13018.00 | 12951.00 | ||||||||||
3/31/2013 | 14052.00 | 14009.00 | ||||||||||
6/30/2013 | 14672.00 | 14617.00 | ||||||||||
9/30/2013 | 16598.00 | 16550.00 | ||||||||||
12/31/2013 | 17452.00 | 17416.00 | ||||||||||
3/31/2014 | 17256.00 | 17255.00 | ||||||||||
6/30/2014 | 17793.00 | 17838.00 | ||||||||||
9/30/2014 | 16446.00 | 16447.00 | ||||||||||
12/31/2014 | 16812.00 | 16760.00 | ||||||||||
3/31/2015 | 17990.00 | 17881.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037842.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.
123
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SPDR S&P International Consumer Discretionary Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
HONDA MOTOR | BAYERISCHE MOTOREN | LVMH MOET HENNESSY | ||||||||
DESCRIPTION | TOYOTA MOTOR CORP. | DAIMLER AG | CO., LTD. | WERKE AG | LOUIS VUITTON SA | |||||
MARKET VALUE | $1,146,393 | 565,210 | 305,926 | 287,154 | 284,015 | |||||
% OF NET ASSETS | 8.2 | 4.0 | 2.2 | 2.1 | 2.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Automobiles | 28.2 | % | ||||
Media | 15.1 | |||||
Hotels, Restaurants & Leisure | 12.8 | |||||
Auto Components | 10.4 | |||||
Textiles, Apparel & Luxury Goods | 10.4 | |||||
Specialty Retail | 8.5 | |||||
Household Durables | 6.9 | |||||
Multiline Retail | 3.7 | |||||
Leisure Products | 2.0 | |||||
Internet & Catalog Retail | 1.0 | |||||
Diversified Consumer Services | 0.4 | |||||
Distributors | 0.2 | |||||
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. |
124
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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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 4.02% | 3.98% | 4.17% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 3.46% | 2.99% | 4.21% | 3.46% | 2.99% | 4.21% | ||||||||||||||||||
THREE YEARS | 29.17% | 28.52% | 34.21% | 8.91% | 8.72% | 10.31% | ||||||||||||||||||
FIVE YEARS | 58.06% | 57.04% | 67.21% | 9.59% | 9.45% | 10.83% | ||||||||||||||||||
SINCE INCEPTION (1) | 71.24% | 70.92% | 86.23% | 8.35% | 8.32% | 9.72% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2015. |
125
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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)
S&P Developed | ||||||||
SPDR S&P | Ex-U.S. BMI | |||||||
International Consumer | Consumer Staples | |||||||
Staples Sector | Sector Index | |||||||
ETF (a) | (b) | |||||||
7/16/2008 | 10000 | 10000 | ||||||
9/30/2008 | 9430 | 9468 | ||||||
12/31/2008 | 8171 | 8240 | ||||||
3/31/2009 | 7071 | 7180 | ||||||
6/30/2009 | 8504 | 8696 | ||||||
9/30/2009 | 9853 | 10149 | ||||||
12/31/2009 | 10599 | 10890 | ||||||
3/31/2010 | 10834 | 11137 | ||||||
6/30/2010 | 9987 | 10346 | ||||||
9/30/2010 | 11415 | 11875 | ||||||
12/31/2010 | 11866 | 12349 | ||||||
3/31/2011 | 11914 | 12413 | ||||||
6/30/2011 | 12721 | 13320 | ||||||
9/30/2011 | 11653 | 12192 | ||||||
12/31/2011 | 12334 | 12844 | ||||||
3/31/2012 | 13257 | 13877 | ||||||
6/30/2012 | 13026 | 13699 | ||||||
9/30/2012 | 13927 | 14686 | ||||||
12/31/2012 | 14283 | 15150 | ||||||
3/31/2013 | 15709 | 16713 | ||||||
6/30/2013 | 15042 | 16041 | ||||||
9/30/2013 | 16044 | 17150 | ||||||
12/31/2013 | 16489 | 17704 | ||||||
3/31/2014 | 16552 | 17872 | ||||||
6/30/2014 | 17559 | 19017 | ||||||
9/30/2014 | 16462 | 17878 | ||||||
12/31/2014 | 16239 | 17662 | ||||||
3/31/2015 | 17124 | 18623 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037843.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.
126
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SPDR S&P International Consumer Staples Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
ANHEUSER-BUSCH | BRITISH AMERICAN | |||||||||
DESCRIPTION | NESTLE SA | INBEV NV | TOBACCO PLC | UNILEVER NV | DIAGEO PLC | |||||
MARKET VALUE | $4,888,396 | 2,049,527 | 1,956,661 | 1,513,846 | 1,427,059 | |||||
% OF NET ASSETS | 14.3 | 6.0 | 5.7 | 4.5 | 4.1 | |||||
(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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Food Products | 36.0 | % | ||||
Beverages | 19.5 | |||||
Food & Staples Retailing | 18.1 | |||||
Tobacco | 11.4 | |||||
Household Products | 7.6 | |||||
Personal Products | 6.7 | |||||
Short Term Investments | 6.6 | |||||
Other Assets & Liabilities | (5.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
127
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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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −24.05% | −23.32% | −24.43% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −25.06% | −25.17% | −25.05% | −25.06% | −25.17% | −25.05% | ||||||||||||||||||
THREE YEARS | −19.07% | −18.84% | −17.70% | −6.81% | −6.72% | −6.29% | ||||||||||||||||||
FIVE YEARS | −13.95% | −13.60% | −10.38% | −2.96% | −2.88% | −2.17% | ||||||||||||||||||
SINCE INCEPTION (1) | −25.41% | −25.13% | −20.85% | −4.28% | −4.22% | −3.43% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2015. |
128
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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)
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037844.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.
129
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SPDR S&P International Energy Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
ROYAL DUTCH | ROYAL DUTCH | |||||||||
DESCRIPTION | BP PLC | TOTAL SA | SHELL PLC (CLASS A) | SHELL PLC (CLASS B) | ENI SPA | |||||
MARKET VALUE | $2,706,764 | 2,619,602 | 2,565,970 | 1,706,584 | 1,034,757 | |||||
% OF NET ASSETS | 11.3 | 10.9 | 10.7 | 7.1 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Oil, Gas & Consumable Fuels | 93.4 | % | ||||
Energy Equipment & Services | 6.3 | |||||
Short Term Investments | 11.0 | |||||
Other Assets & Liabilities | (10.7 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
130
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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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
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 | −0.14% | −0.08% | 0.72% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −1.20% | −2.00% | −0.19% | −1.20% | −2.00% | −0.19% | ||||||||||||||||||
THREE YEARS | 35.84% | 35.28% | 39.77% | 10.75% | 10.60% | 11.82% | ||||||||||||||||||
FIVE YEARS | 25.60% | 25.34% | 32.23% | 4.66% | 4.62% | 5.75% | ||||||||||||||||||
SINCE INCEPTION (1) | 9.58% | 9.31% | 14.82% | 1.37% | 1.34% | 2.08% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2015. |
131
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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)
SPDR S&P | S&P Developed | |||||||
International Financial | Ex-U.S. BMI | |||||||
Sector ETF | Financials Sector | |||||||
(a) | Index (b) | |||||||
7/16/2008 | 10000 | 10000 | ||||||
9/30/2008 | 8795 | 8960 | ||||||
12/31/2008 | 6128 | 6097 | ||||||
3/31/2009 | 5055 | 4998 | ||||||
6/30/2009 | 7121 | 7030 | ||||||
9/30/2009 | 9005 | 8939 | ||||||
12/31/2009 | 8670 | 8599 | ||||||
3/31/2010 | 8725 | 8684 | ||||||
6/30/2010 | 7316 | 7306 | ||||||
9/30/2010 | 8500 | 8528 | ||||||
12/31/2010 | 8725 | 8808 | ||||||
3/31/2011 | 9197 | 9270 | ||||||
6/30/2011 | 9073 | 9208 | ||||||
9/30/2011 | 6970 | 7112 | ||||||
12/31/2011 | 6983 | 7108 | ||||||
3/31/2012 | 8067 | 8215 | ||||||
6/30/2012 | 7448 | 7615 | ||||||
9/30/2012 | 8226 | 8428 | ||||||
12/31/2012 | 9059 | 9270 | ||||||
3/31/2013 | 9469 | 9771 | ||||||
6/30/2013 | 9383 | 9610 | ||||||
9/30/2013 | 10528 | 10816 | ||||||
12/31/2013 | 11164 | 11496 | ||||||
3/31/2014 | 11091 | 11503 | ||||||
6/30/2014 | 11488 | 11914 | ||||||
9/30/2014 | 10973 | 11400 | ||||||
12/31/2014 | 10652 | 11090 | ||||||
3/31/2015 | 10958 | 11482 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037845.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.
132
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SPDR S&P International Financial Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
COMMONWEALTH | WESTPAC BANKING | MITSUBISHI UFJ | ||||||||
DESCRIPTION | HSBC HOLDINGS PLC | BANK OF AUSTRALIA | CORP. | BANCO SANTANDER SA | FINANCIAL GROUP, INC. | |||||
MARKET VALUE | $384,546 | 312,240 | 259,417 | 240,663 | 221,042 | |||||
% OF NET ASSETS | 3.6 | 2.9 | 2.4 | 2.3 | 2.1 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Banks | 50.6 | % | ||||
Insurance | 23.8 | |||||
Real Estate Management & Development | 9.1 | |||||
Capital Markets | 6.5 | |||||
Real Estate Investment Trusts | 5.2 | |||||
Diversified Financial Services | 4.0 | |||||
Consumer Finance | 0.1 | |||||
Short Term Investments | 8.1 | |||||
Other Assets & Liabilities | (7.4 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
133
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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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 6.30% | 6.49% | 6.92% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 11.82% | 12.09% | 12.94% | 11.82% | 12.09% | 12.94% | ||||||||||||||||||
THREE YEARS | 68.96% | 68.88% | 73.23% | 19.10% | 19.09% | 20.11% | ||||||||||||||||||
FIVE YEARS | 95.11% | 94.66% | 104.23% | 14.30% | 14.25% | 15.35% | ||||||||||||||||||
SINCE INCEPTION (1) | 90.84% | 91.22% | 104.21% | 10.11% | 10.14% | 11.24% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2015. |
134
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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)
S&P Developed | ||||||||
SPDR S&P | Ex-U.S. BMI | |||||||
International Health | Health Care | |||||||
Care Sector | Sector Index | |||||||
ETF (a) | (b) | |||||||
7/16/2008 | 10000 | 10000 | ||||||
9/30/2008 | 9103 | 9082 | ||||||
12/31/2008 | 8235 | 8237 | ||||||
3/31/2009 | 7027 | 7099 | ||||||
6/30/2009 | 7971 | 8094 | ||||||
9/30/2009 | 9357 | 9532 | ||||||
12/31/2009 | 9743 | 9945 | ||||||
3/31/2010 | 9781 | 9998 | ||||||
6/30/2010 | 8909 | 9100 | ||||||
9/30/2010 | 9889 | 10223 | ||||||
12/31/2010 | 10221 | 10581 | ||||||
3/31/2011 | 10527 | 10902 | ||||||
6/30/2011 | 11346 | 11774 | ||||||
9/30/2011 | 10157 | 10573 | ||||||
12/31/2011 | 10679 | 11126 | ||||||
3/31/2012 | 11295 | 11787 | ||||||
6/30/2012 | 11385 | 11880 | ||||||
9/30/2012 | 12395 | 12958 | ||||||
12/31/2012 | 12574 | 13156 | ||||||
3/31/2013 | 14106 | 14876 | ||||||
6/30/2013 | 14156 | 14891 | ||||||
9/30/2013 | 15015 | 15902 | ||||||
12/31/2013 | 16119 | 17022 | ||||||
3/31/2014 | 17067 | 18080 | ||||||
6/30/2014 | 18010 | 19109 | ||||||
9/30/2014 | 17953 | 19097 | ||||||
12/31/2014 | 17295 | 18385 | ||||||
3/31/2015 | 19084 | 20421 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037846.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.
135
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1spdrrgsr.gif)
SPDR S&P International Health Care Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
DESCRIPTION | NOVARTIS AG | ROCHE HOLDING AG | BAYER AG | SANOFI | GLAXOSMITHKLINE PLC | |||||
MARKET VALUE | $9,470,374 | 5,801,703 | 4,302,216 | 4,250,545 | 3,773,870 | |||||
% OF NET ASSETS | 12.6 | 7.8 | 5.7 | 5.7 | 5.0 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Pharmaceuticals | 75.7 | % | ||||
Health Care Equipment & Supplies | 8.5 | |||||
Health Care Providers & Services | 7.9 | |||||
Biotechnology | 5.8 | |||||
Life Sciences Tools & Services | 0.7 | |||||
Chemicals | 0.5 | |||||
Health Care Technology | 0.3 | |||||
Short Term Investments | 6.7 | |||||
Other Assets & Liabilities | (6.1 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
136
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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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED EX-U.S. | S&P DEVELOPED EX-U.S. | |||||||||||||||||||||||
NET ASSET | MARKET | BMI INDUSTRIAL SECTOR | NET ASSET | MARKET | BMI INDUSTRIAL SECTOR | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | INDEX | |||||||||||||||||||
SIX MONTHS | 0.79% | 0.87% | 0.96% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −2.64% | −2.70% | −2.14% | −2.64% | −2.70% | −2.14% | ||||||||||||||||||
THREE YEARS | 25.73% | 24.94% | 28.31% | 7.93% | 7.70% | 8.67% | ||||||||||||||||||
FIVE YEARS | 36.02% | 35.21% | 44.47% | 6.35% | 6.22% | 7.64% | ||||||||||||||||||
SINCE INCEPTION (1) | 27.98% | 27.64% | 33.90% | 3.75% | 3.70% | 4.45% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2015. |
137
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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)
SPDR S&P International Industrial Sector ETF | S&P Developed Ex-U.S. BMI Industrial Sector Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10000.00 | 10271.00 | ||||||
9/30/2008 | 8049.00 | 8028.00 | ||||||
12/31/2008 | 6506.00 | 6396.00 | ||||||
3/31/2009 | 5624.00 | 5534.00 | ||||||
6/30/2009 | 7228.00 | 7141.00 | ||||||
9/30/2009 | 8724.00 | 8600.00 | ||||||
12/31/2009 | 8906.00 | 8739.00 | ||||||
3/31/2010 | 9409.00 | 9269.00 | ||||||
6/30/2010 | 8393.00 | 8286.00 | ||||||
9/30/2010 | 9764.00 | 9710.00 | ||||||
12/31/2010 | 10802.00 | 10802.00 | ||||||
3/31/2011 | 11329.00 | 11374.00 | ||||||
6/30/2011 | 11288.00 | 11444.00 | ||||||
9/30/2011 | 8726.00 | 8856.00 | ||||||
12/31/2011 | 9113.00 | 9202.00 | ||||||
3/31/2012 | 10179.00 | 10436.00 | ||||||
6/30/2012 | 9257.00 | 9478.00 | ||||||
9/30/2012 | 9819.00 | 10048.00 | ||||||
12/31/2012 | 10583.00 | 10807.00 | ||||||
3/31/2013 | 11214.00 | 11430.00 | ||||||
6/30/2013 | 10963.00 | 11222.00 | ||||||
9/30/2013 | 12489.00 | 12865.00 | ||||||
12/31/2013 | 13070.00 | 13531.00 | ||||||
3/31/2014 | 13145.00 | 13683.00 | ||||||
6/30/2014 | 13521.00 | 14154.00 | ||||||
9/30/2014 | 12698.00 | 13263.00 | ||||||
12/31/2014 | 12182.00 | 12720.00 | ||||||
3/31/2015 | 12798.00 | 13390.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037847.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.
138
![(Logo-Annual Report)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1spdrrgsr.gif)
SPDR S&P International Industrial Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
CANADIAN NATIONAL | ||||||||||
DESCRIPTION | SIEMENS AG | RAILWAY CO. | ABB, LTD. | SCHNEIDER ELECTRIC SE | FANUC CORP. | |||||
MARKET VALUE | $709,151 | 476,706 | 432,608 | 374,843 | 328,330 | |||||
% OF NET ASSETS | 3.6 | 2.4 | 2.2 | 1.9 | 1.7 | |||||
(The five largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.)
INDUSTRY BREAKDOWN AS OF MARCH 31, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Machinery | 19.5 | % | ||||
Road & Rail | 11.0 | |||||
Industrial Conglomerates | 10.6 | |||||
Trading Companies & Distributors | 9.4 | |||||
Electrical Equipment | 8.0 | |||||
Construction & Engineering | 7.3 | |||||
Aerospace & Defense | 6.8 | |||||
Commercial Services & Supplies | 5.9 | |||||
Building Products | 5.5 | |||||
Professional Services | 4.5 | |||||
Transportation Infrastructure | 3.1 | |||||
Air Freight & Logistics | 2.7 | |||||
Airlines | 2.3 | |||||
Marine | 2.2 | |||||
Food Products | 0.3 | |||||
Auto Components | 0.2 | |||||
Short Term Investments | 12.5 | |||||
Other Assets & Liabilities | (11.8 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
139
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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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
EX-U.S. | EX-U.S. BMI | |||||||||||||||||||||||
NET ASSET | MARKET | BMI MATERIALS | NET ASSET | MARKET | MATERIALS | |||||||||||||||||||
VALUE | VALUE | SECTOR INDEX | VALUE | VALUE | SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | −3.05% | −2.77% | −3.16% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −8.68% | −8.58% | −8.45% | −8.68% | −8.58% | −8.45% | ||||||||||||||||||
THREE YEARS | −12.39% | −12.55% | −10.72% | −4.31% | −4.37% | −3.71% | ||||||||||||||||||
FIVE YEARS | −12.33% | −12.01% | −7.45% | −2.60% | −2.53% | −1.54% | ||||||||||||||||||
SINCE INCEPTION (1) | −25.23% | −25.30% | −17.32% | −4.24% | −4.25% | −2.80% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2015. |
140
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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)
SPDR S&P International Material Sector ETF | S&P Developed Ex-U.S. BMI Materials Sector Index | |||||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10000.00 | 9987.00 | ||||||
9/30/2008 | 6857.00 | 6920.00 | ||||||
12/31/2008 | 5117.00 | 5124.00 | ||||||
3/31/2009 | 4838.00 | 4945.00 | ||||||
6/30/2009 | 6253.00 | 6428.00 | ||||||
9/30/2009 | 7466.00 | 7760.00 | ||||||
12/31/2009 | 8325.00 | 8686.00 | ||||||
3/31/2010 | 8529.00 | 8934.00 | ||||||
6/30/2010 | 7175.00 | 7686.00 | ||||||
9/30/2010 | 8623.00 | 9264.00 | ||||||
12/31/2010 | 10083.00 | 10883.00 | ||||||
3/31/2011 | 10276.00 | 11168.00 | ||||||
6/30/2011 | 10227.00 | 11106.00 | ||||||
9/30/2011 | 7577.00 | 8260.00 | ||||||
12/31/2011 | 7780.00 | 8445.00 | ||||||
3/31/2012 | 8535.00 | 9261.00 | ||||||
6/30/2012 | 7442.00 | 8053.00 | ||||||
9/30/2012 | 8016.00 | 8797.00 | ||||||
12/31/2012 | 8503.00 | 9213.00 | ||||||
3/31/2013 | 7936.00 | 8676.00 | ||||||
6/30/2013 | 7071.00 | 7682.00 | ||||||
9/30/2013 | 8050.00 | 8805.00 | ||||||
12/31/2013 | 8163.00 | 8952.00 | ||||||
3/31/2014 | 8188.00 | 9031.00 | ||||||
6/30/2014 | 8548.00 | 9474.00 | ||||||
9/30/2014 | 7713.00 | 8538.00 | ||||||
12/31/2014 | 7262.00 | 8023.00 | ||||||
3/31/2015 | 7477.00 | 8268.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037848.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.
141
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SPDR S&P International Materials Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
DESCRIPTION | BASF SE | BHP BILLITON, LTD. | RIO TINTO PLC | BHP BILLITON PLC | GLENCORE PLC | |||||
MARKET VALUE | $402,962 | 329,528 | 231,265 | 216,838 | 206,535 | |||||
% OF NET ASSETS | 6.4 | 5.3 | 3.7 | 3.5 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Chemicals | 45.6 | % | ||||
Metals & Mining | 39.4 | |||||
Construction Materials | 6.8 | |||||
Paper & Forest Products | 3.5 | |||||
Containers & Packaging | 3.3 | |||||
Electronic Equipment, Instruments & Components | 0.3 | |||||
Building Products | 0.1 | |||||
Short Term Investments | 8.7 | |||||
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. |
142
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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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED EX-U.S. | S&P DEVELOPED | |||||||||||||||||||||||
BMI INFORMATION | EX-U.S. BMI INFORMATION | |||||||||||||||||||||||
NET ASSET | MARKET | TECHNOLOGY SECTOR | NET ASSET | MARKET | TECHNOLOGY | |||||||||||||||||||
VALUE | VALUE | INDEX | VALUE | VALUE | SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | 7.34% | 7.47% | 7.02% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | 6.74% | 6.65% | 6.34% | 6.74% | 6.65% | 6.34% | ||||||||||||||||||
THREE YEARS | 32.10% | 31.97% | 35.14% | 9.72% | 9.69% | 10.57% | ||||||||||||||||||
FIVE YEARS | 35.73% | 35.15% | 40.69% | 6.30% | 6.21% | 7.07% | ||||||||||||||||||
SINCE INCEPTION (1) | 32.51% | 32.30% | 37.00% | 4.28% | 4.26% | 4.81% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2015. |
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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)
SPDR S&P International Technology Sector ETF (a | ) | S&P Developed Ex-U.S. BMI Information Technology Sector Index (b | ) | |||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10000.00 | 10224.00 | ||||||
9/30/2008 | 8019.00 | 8021.00 | ||||||
12/31/2008 | 6273.00 | 6274.00 | ||||||
3/31/2009 | 6000.00 | 5937.00 | ||||||
6/30/2009 | 7545.00 | 7508.00 | ||||||
9/30/2009 | 8967.00 | 8933.00 | ||||||
12/31/2009 | 8932.00 | 8882.00 | ||||||
3/31/2010 | 9763.00 | 9739.00 | ||||||
6/30/2010 | 8406.00 | 8470.00 | ||||||
9/30/2010 | 9132.00 | 9163.00 | ||||||
12/31/2010 | 10325.00 | 10303.00 | ||||||
3/31/2011 | 10383.00 | 10412.00 | ||||||
6/30/2011 | 9996.00 | 10025.00 | ||||||
9/30/2011 | 8245.00 | 8379.00 | ||||||
12/31/2011 | 8620.00 | 8721.00 | ||||||
3/31/2012 | 10031.00 | 10138.00 | ||||||
6/30/2012 | 8826.00 | 9012.00 | ||||||
9/30/2012 | 9240.00 | 9470.00 | ||||||
12/31/2012 | 10159.00 | 10344.00 | ||||||
3/31/2013 | 10540.00 | 10778.00 | ||||||
6/30/2013 | 10406.00 | 10655.00 | ||||||
9/30/2013 | 11599.00 | 11881.00 | ||||||
12/31/2013 | 12373.00 | 12775.00 | ||||||
3/31/2014 | 12414.00 | 12884.00 | ||||||
6/30/2014 | 12797.00 | 13313.00 | ||||||
9/30/2014 | 12345.00 | 12801.00 | ||||||
12/31/2014 | 12441.00 | 12838.00 | ||||||
3/31/2015 | 13251.00 | 13700.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037849.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.
144
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SPDR S&P International Technology Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
TELEFONAKTIEBOLAGET | ||||||||||
SAMSUNG ELECTRONICS | LM ERICSSON | |||||||||
DESCRIPTION | CO., LTD. GDR | SAP SE | ASML HOLDING NV | (CLASS B) | CANON, INC. | |||||
MARKET VALUE | $1,644,776 | 671,965 | 439,592 | 384,715 | 369,063 | |||||
% OF NET ASSETS | 14.0 | 5.7 | 3.7 | 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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Technology Hardware, Storage & Peripherals | 23.0 | % | ||||
Electronic Equipment, Instruments & Components | 22.6 | |||||
Semiconductors & Semiconductor Equipment | 16.2 | |||||
Software | 15.9 | |||||
IT Services | 10.1 | |||||
Communications Equipment | 7.3 | |||||
Internet Software & Services | 4.5 | |||||
Short Term Investments | 7.3 | |||||
Other Assets & Liabilities | (6.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
145
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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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
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 | 1.50% | 1.41% | 2.01% | N/A | �� | N/A | N/A | |||||||||||||||||
ONE YEAR | −0.10% | −0.22% | 0.68% | −0.10% | −0.22% | 0.68% | ||||||||||||||||||
THREE YEARS | 40.21% | 39.39% | 45.99% | 11.92% | 11.71% | 13.45% | ||||||||||||||||||
FIVE YEARS | 54.40% | 54.21% | 63.25% | 9.08% | 9.05% | 10.30% | ||||||||||||||||||
SINCE INCEPTION (1) | 40.11% | 39.99% | 49.91% | 5.15% | 5.14% | 6.22% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2015. |
146
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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)
SPDR S&P International Telecommunications Sector ETF (a | ) | S&P Developed Ex-U.S. BMI Telecommunication Services Sector Index (b | ) | |||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10000.00 | 9788.00 | ||||||
9/30/2008 | 8454.00 | 8456.00 | ||||||
12/31/2008 | 8062.00 | 8094.00 | ||||||
3/31/2009 | 6832.00 | 6871.00 | ||||||
6/30/2009 | 7797.00 | 7882.00 | ||||||
9/30/2009 | 9189.00 | 9302.00 | ||||||
12/31/2009 | 9348.00 | 9484.00 | ||||||
3/31/2010 | 9074.00 | 9181.00 | ||||||
6/30/2010 | 8301.00 | 8415.00 | ||||||
9/30/2010 | 9932.00 | 10096.00 | ||||||
12/31/2010 | 10115.00 | 10313.00 | ||||||
3/31/2011 | 10921.00 | 11156.00 | ||||||
6/30/2011 | 11016.00 | 11309.00 | ||||||
9/30/2011 | 9768.00 | 10003.00 | ||||||
12/31/2011 | 9991.00 | 10250.00 | ||||||
3/31/2012 | 9993.00 | 10268.00 | ||||||
6/30/2012 | 9910.00 | 10229.00 | ||||||
9/30/2012 | 10474.00 | 10859.00 | ||||||
12/31/2012 | 10103.00 | 10540.00 | ||||||
3/31/2013 | 10687.00 | 11199.00 | ||||||
6/30/2013 | 11020.00 | 11626.00 | ||||||
9/30/2013 | 12849.00 | 13579.00 | ||||||
12/31/2013 | 14211.00 | 15033.00 | ||||||
3/31/2014 | 14025.00 | 14888.00 | ||||||
6/30/2014 | 14531.00 | 15458.00 | ||||||
9/30/2014 | 13803.00 | 14695.00 | ||||||
12/31/2014 | 13751.00 | 14670.00 | ||||||
3/31/2015 | 14011.00 | 14991.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037850.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.
147
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SPDR S&P International Telecommunications Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
DESCRIPTION | VODAFONE GROUP PLC | TELEFONICA SA | SOFTBANK CORP. | DEUTSCHE TELEKOM AG | BT GROUP PLC | |||||
MARKET VALUE | $4,636,117 | 3,100,459 | 3,035,813 | 3,019,580 | 2,838,063 | |||||
% OF NET ASSETS | 10.3 | 6.9 | 6.7 | 6.7 | 6.3 | |||||
(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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Diversified Telecommunication Services | 66.6 | % | ||||
Wireless Telecommunication Services | 33.0 | |||||
Short Term Investments | 4.4 | |||||
Other Assets & Liabilities | (4.0 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
148
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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, 2015 (as supplemented February 3, 2015) is 0.40%.
PERFORMANCE AS OF MARCH 31, 2015
CUMULATIVE TOTAL RETURN | AVERAGE ANNUAL TOTAL RETURN | |||||||||||||||||||||||
S&P DEVELOPED | S&P DEVELOPED | |||||||||||||||||||||||
NET ASSET | MARKET | EX-U.S. BMI UTILITIES | NET ASSET | MARKET | EX-U.S. BMI UTILITIES | |||||||||||||||||||
VALUE | VALUE | SECTOR INDEX | VALUE | VALUE | SECTOR INDEX | |||||||||||||||||||
SIX MONTHS | −8.53% | −8.58% | −8.33% | N/A | N/A | N/A | ||||||||||||||||||
ONE YEAR | −7.96% | −8.79% | −7.35% | −7.96% | −8.79% | −7.35% | ||||||||||||||||||
THREE YEARS | 11.14% | 10.26% | 14.27% | 3.58% | 3.31% | 4.55% | ||||||||||||||||||
FIVE YEARS | −3.65% | −4.10% | 0.05% | −0.74% | −0.83% | 0.01% | ||||||||||||||||||
SINCE INCEPTION (1) | −24.34% | −24.57% | −20.69% | −4.07% | −4.12% | −3.40% | ||||||||||||||||||
(1) | For the period July 16, 2008 to March 31, 2015. |
149
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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)
SPDR S&P International Utililies Sector ETF (a | ) | S&P Developed Ex-U.S. BMI Utilities Sector Index (b | ) | |||||
10000.00 | 10000.00 | |||||||
7/16/2008 | 10000.00 | 10188.00 | ||||||
9/30/2008 | 8612.00 | 8555.00 | ||||||
12/31/2008 | 7769.00 | 7738.00 | ||||||
3/31/2009 | 6174.00 | 6149.00 | ||||||
6/30/2009 | 7148.00 | 7128.00 | ||||||
9/30/2009 | 8187.00 | 8201.00 | ||||||
12/31/2009 | 8191.00 | 8217.00 | ||||||
3/31/2010 | 7852.00 | 7929.00 | ||||||
6/30/2010 | 6831.00 | 6895.00 | ||||||
9/30/2010 | 7637.00 | 7720.00 | ||||||
12/31/2010 | 7834.00 | 7944.00 | ||||||
3/31/2011 | 7897.00 | 7990.00 | ||||||
6/30/2011 | 7873.00 | 7991.00 | ||||||
9/30/2011 | 6763.00 | 6850.00 | ||||||
12/31/2011 | 6508.00 | 6630.00 | ||||||
3/31/2012 | 6807.00 | 6943.00 | ||||||
6/30/2012 | 6495.00 | 6649.00 | ||||||
9/30/2012 | 6675.00 | 6882.00 | ||||||
12/31/2012 | 6766.00 | 6993.00 | ||||||
3/31/2013 | 6695.00 | 6929.00 | ||||||
6/30/2013 | 6889.00 | 7135.00 | ||||||
9/30/2013 | 7529.00 | 7799.00 | ||||||
12/31/2013 | 7683.00 | 7991.00 | ||||||
3/31/2014 | 8220.00 | 8561.00 | ||||||
6/30/2014 | 8713.00 | 9105.00 | ||||||
9/30/2014 | 8272.00 | 8653.00 | ||||||
12/31/2014 | 7923.00 | 8299.00 | ||||||
3/31/2015 | 7566.00 | 7931.00 |
![(PERFORMANCE GRAPH)](https://capedge.com/proxy/N-CSRS/0000950123-15-006772/b30378a1b3037851.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.
150
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SPDR S&P International Utilities Sector ETF —
Portfolio Summary
Portfolio Summary
TOP FIVE HOLDINGS AS OF MARCH 31, 2015
DESCRIPTION | NATIONAL GRID PLC | IBERDROLA SA | GDF SUEZ | E.ON SE | ENEL SPA | |||||
MARKET VALUE | $2,823,769 | 1,972,385 | 1,714,231 | 1,703,065 | 1,676,664 | |||||
% OF NET ASSETS | 8.7 | 6.1 | 5.3 | 5.3 | 5.2 | |||||
(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, 2015*
PERCENT OF | ||||||
INDUSTRY | NET ASSETS | |||||
Electric Utilities | 43.5 | % | ||||
Multi-Utilities | 31.8 | |||||
Gas Utilities | 15.4 | |||||
Independent Power and Renewable Electricity Producers | 4.8 | |||||
Water Utilities | 4.0 | |||||
Short Term Investments | 5.4 | |||||
Other Assets & Liabilities | (4.9 | ) | ||||
TOTAL | 100.0 | % | ||||
* | The Fund’s industry breakdown is expressed as a percentage of net assets and may change over time. |
151
SPDR STOXX Europe 50 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
BELGIUM — 2.3% | ||||||||
Ageas VVPR Strip (a)(b) | 1,664 | $ | 0 | |||||
Anheuser-Busch InBev NV | 49,299 | 6,025,381 | ||||||
6,025,381 | ||||||||
FRANCE — 12.2% | ||||||||
Air Liquide SA | 22,116 | 2,845,559 | ||||||
AXA SA | 134,413 | �� | 3,385,952 | |||||
BNP Paribas SA | 71,688 | 4,355,488 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 17,432 | 3,073,210 | ||||||
Sanofi | 77,473 | 7,649,125 | ||||||
Schneider Electric SE | 37,485 | 2,912,730 | ||||||
Total SA (c) | 152,522 | 7,580,242 | ||||||
31,802,306 | ||||||||
GERMANY — 15.9% | ||||||||
Allianz SE | 29,307 | 5,094,343 | ||||||
BASF SE | 58,901 | 5,854,681 | ||||||
Bayer AG | 53,032 | 7,971,041 | ||||||
Daimler AG (c) | 63,915 | 6,159,488 | ||||||
Deutsche Bank AG | 83,295 | 2,894,887 | ||||||
Deutsche Telekom AG | 198,659 | 3,637,783 | ||||||
SAP SE | 61,096 | 4,431,122 | ||||||
Siemens AG | 50,487 | 5,460,258 | ||||||
41,503,603 | ||||||||
ITALY — 1.2% | ||||||||
ENI SpA | 173,022 | 2,997,366 | ||||||
NETHERLANDS — 3.0% | ||||||||
ING Groep NV (a) | 247,433 | 3,626,062 | ||||||
Unilever NV | 100,155 | 4,185,948 | ||||||
7,812,010 | ||||||||
SPAIN — 5.6% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 399,201 | 4,033,598 | ||||||
Banco Santander SA | 901,695 | 6,795,404 | ||||||
Telefonica SA | 262,196 | 3,733,995 | ||||||
14,562,997 | ||||||||
SWITZERLAND — 24.1% | ||||||||
ABB, Ltd. (a) | 148,443 | 3,152,866 | ||||||
Cie Financiere Richemont SA | 33,475 | 2,698,541 | ||||||
Credit Suisse Group AG (a) | 97,748 | 2,634,657 | ||||||
Glencore PLC (a) | 635,586 | 2,697,547 | ||||||
Nestle SA | 206,804 | 15,627,935 | ||||||
Novartis AG | 164,869 | 16,320,554 | ||||||
Roche Holding AG | 45,055 | 12,436,163 | ||||||
UBS Group AG (a) | 223,379 | 4,213,223 | ||||||
Zurich Insurance Group AG (a) | 9,597 | 3,253,673 | ||||||
63,035,159 | ||||||||
UNITED KINGDOM — 34.9% | ||||||||
AstraZeneca PLC | 81,004 | 5,563,390 | ||||||
Barclays PLC | 1,058,017 | 3,810,342 | ||||||
BG Group PLC | 218,967 | 2,694,720 | ||||||
BHP Billiton PLC | 135,382 | 2,961,363 | ||||||
BP PLC | 1,169,426 | 7,581,174 | ||||||
British American Tobacco PLC | 119,545 | 6,190,855 | ||||||
BT Group PLC | 522,479 | 3,397,218 | ||||||
Diageo PLC | 161,316 | 4,453,015 | ||||||
GlaxoSmithKline PLC | 311,878 | 7,157,721 | ||||||
HSBC Holdings PLC | 1,232,523 | 10,502,373 | ||||||
Lloyds Banking Group PLC (a) | 3,437,438 | 3,994,535 | ||||||
National Grid PLC | 249,302 | 3,200,160 | ||||||
Prudential PLC | 164,676 | 4,087,400 | ||||||
Reckitt Benckiser Group PLC | 42,318 | 3,643,625 | ||||||
Rio Tinto PLC | 79,688 | 3,279,191 | ||||||
Royal Dutch Shell PLC (Class A) | 250,746 | 7,495,997 | ||||||
Standard Chartered PLC | 129,887 | 2,108,458 | ||||||
Unilever PLC | 84,350 | 3,524,877 | ||||||
Vodafone Group PLC | 1,700,109 | 5,563,746 | ||||||
91,210,160 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $276,867,369) | 258,948,982 | |||||||
RIGHTS — 0.0% (d) | ||||||||
SPAIN — 0.0% (d) | ||||||||
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/15) (a) | 399,200 | 57,451 | ||||||
Telefonica SA (expiring 4/10/15) (a) | 262,196 | 42,240 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $56,518) | 99,691 | |||||||
SHORT TERM INVESTMENTS — 5.0% | ||||||||
UNITED STATES — 5.0% | ||||||||
MONEY MARKET FUNDS — 5.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 10,884,258 | 10,884,258 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) | 2,247,036 | 2,247,036 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $13,131,294) | 13,131,294 | |||||||
TOTAL INVESTMENTS — 104.2% | ||||||||
(Cost $290,055,181) | 272,179,967 | |||||||
OTHER ASSETS & LIABILITIES — (4.2)% | (11,004,854 | ) | ||||||
NET ASSETS — 100.0% | $ | 261,175,113 | ||||||
(a) | Non-income producing security | |||||
(b) | Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs (Note 2). | |||||
(c) | A portion of the security was on loan at March 31, 2015. | |||||
(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
See accompanying notes to financial statements.
152
SPDR EURO STOXX 50 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
BELGIUM — 3.7% | ||||||||
Ageas VVPR Strip (a)(b) | 6,468 | $ | 0 | |||||
Anheuser-Busch InBev NV | 1,420,278 | 173,588,025 | ||||||
173,588,025 | ||||||||
FINLAND — 1.1% | ||||||||
Nokia Oyj | 6,796,619 | 51,899,917 | ||||||
FRANCE — 33.2% | ||||||||
Air Liquide SA | 637,186 | 81,983,638 | ||||||
AXA SA | 3,872,100 | 97,540,762 | ||||||
BNP Paribas SA | 2,065,314 | 125,480,548 | ||||||
Carrefour SA | 1,155,997 | 38,599,490 | ||||||
Compagnie de Saint-Gobain | 915,195 | 40,196,477 | ||||||
Danone SA | 1,105,325 | 74,337,371 | ||||||
Essilor International SA | 398,865 | 45,751,077 | ||||||
GDF Suez | 3,001,070 | 59,322,041 | ||||||
L’Oreal SA | 452,374 | 83,250,315 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 502,221 | 88,540,077 | ||||||
Orange SA | 3,575,470 | 57,466,401 | ||||||
Sanofi | 2,231,971 | 220,368,719 | ||||||
Schneider Electric SE | 1,079,934 | 83,915,056 | ||||||
Societe Generale SA | 1,487,638 | 71,849,590 | ||||||
Total SA (c) | 4,394,048 | 218,381,258 | ||||||
Unibail-Rodamco SE | 181,161 | 48,846,008 | ||||||
Vinci SA | 967,053 | 55,285,454 | ||||||
Vivendi SA (a) | 2,371,210 | 58,891,945 | ||||||
1,550,006,227 | ||||||||
GERMANY — 33.0% | ||||||||
Allianz SE | 844,350 | 146,770,695 | ||||||
BASF SE | 1,696,906 | 168,670,195 | ||||||
Bayer AG | 1,527,825 | 229,641,648 | ||||||
Bayerische Motoren Werke AG | 592,799 | 74,139,746 | ||||||
Daimler AG (c) | 1,841,363 | 177,452,131 | ||||||
Deutsche Bank AG | 2,399,683 | 83,400,092 | ||||||
Deutsche Post AG | 1,768,647 | 55,266,716 | ||||||
Deutsche Telekom AG | 5,723,291 | 104,803,154 | ||||||
E.ON SE | 3,696,927 | 55,130,369 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 282,437 | 60,894,951 | ||||||
RWE AG | 891,935 | 22,779,763 | ||||||
SAP SE | 1,760,150 | 127,658,745 | ||||||
Siemens AG | 1,454,482 | 157,304,795 | ||||||
Volkswagen AG Preference Shares | 285,027 | 75,871,569 | ||||||
1,539,784,569 | ||||||||
ITALY — 7.5% | ||||||||
Assicurazioni Generali SpA | 2,495,262 | 49,069,161 | ||||||
Enel SpA | 11,945,679 | 54,038,507 | ||||||
ENI SpA | 4,984,679 | 86,352,657 | ||||||
Intesa Sanpaolo SpA | 26,486,408 | 90,061,280 | ||||||
UniCredit SpA | 10,288,881 | 69,948,112 | ||||||
349,469,717 | ||||||||
LUXEMBOURG — 0.0% (d) | ||||||||
APERAM SA (a) | 1 | 40 | ||||||
NETHERLANDS — 8.9% | ||||||||
Airbus Group NV | 1,060,797 | 68,859,026 | ||||||
ASML Holding NV | 693,277 | 70,578,667 | ||||||
ING Groep NV (a) | 7,128,387 | 104,464,553 | ||||||
Koninklijke Philips NV | 1,727,498 | 49,027,155 | ||||||
Unilever NV | 2,885,430 | 120,595,671 | ||||||
413,525,072 | ||||||||
SPAIN — 12.5% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 11,499,863 | 116,196,786 | ||||||
Banco Santander SA | 25,952,321 | 195,583,323 | ||||||
Iberdrola SA | 10,672,023 | 68,793,417 | ||||||
Inditex SA | 1,941,653 | 62,309,799 | ||||||
Repsol SA | 1,863,541 | 34,694,998 | ||||||
Telefonica SA | 7,549,035 | 107,507,584 | ||||||
585,085,907 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $4,643,856,572) | 4,663,359,474 | |||||||
RIGHTS — 0.1% | ||||||||
SPAIN — 0.1% | ||||||||
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/15) (a)(c) | 11,576,247 | 1,666,007 | ||||||
Telefonica SA (expiring 4/10/15) (a) | 7,602,331 | 1,224,735 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $1,638,926) | 2,890,742 | |||||||
SHORT TERM INVESTMENTS — 3.2% | ||||||||
UNITED STATES — 3.2% | ||||||||
MONEY MARKET FUNDS — 3.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 145,787,382 | 145,787,382 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) | 5,271,466 | 5,271,466 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $151,058,848) | 151,058,848 | |||||||
TOTAL INVESTMENTS — 103.2% | ||||||||
(Cost $4,796,554,346) | 4,817,309,064 | |||||||
OTHER ASSETS & LIABILITIES — (3.2)% | (149,083,066 | ) | ||||||
NET ASSETS — 100.0% | $ | 4,668,225,998 | ||||||
(a) | Non-income producing security | |||||
(b) | Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs (Note 2). | |||||
(c) | A portion of the security was on loan at March 31, 2015. | |||||
(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. |
See accompanying notes to financial statements.
153
SPDR EURO STOXX Small Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
AUSTRIA — 2.3% | ||||||||
IMMOFINANZ AG (a) | 18,489 | $ | 54,349 | |||||
Raiffeisen Bank International AG | 2,283 | 31,924 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 761 | 33,674 | ||||||
119,947 | ||||||||
BELGIUM — 5.0% | ||||||||
Ackermans & van haaren NV | 445 | 52,166 | ||||||
bpost SA | 1,983 | 55,597 | ||||||
Cofinimmo SA | 344 | 40,326 | ||||||
Colruyt SA | 1,188 | 51,725 | ||||||
Telenet Group Holding NV (a) | 1,001 | 55,012 | ||||||
254,826 | ||||||||
FINLAND — 6.6% | ||||||||
Amer Sports Oyj | 2,350 | 50,478 | ||||||
Huhtamaki Oyj | 1,868 | 58,080 | ||||||
Kesko Oyj (Class B) | 1,354 | 57,833 | ||||||
Neste Oil Oyj | 2,537 | 66,484 | ||||||
Orion Oyj (Class B) | 1,995 | 56,330 | ||||||
Outokumpu Oyj (a) | 5,791 | 46,056 | ||||||
335,261 | ||||||||
FRANCE — 23.5% | ||||||||
Air France-KLM (a) | 5,007 | 44,010 | ||||||
Bollore SA | 18,471 | 98,336 | ||||||
CNP Assurances | 2,962 | 51,885 | ||||||
Eurazeo SA | 780 | 53,472 | ||||||
Faurecia | 1,180 | 51,580 | ||||||
Fonciere Des Regions (b) | 547 | 54,148 | ||||||
Fonciere Des Regions (a)(b) | 33 | 3,181 | ||||||
Havas SA | 2,172 | 16,469 | ||||||
Hermes International | 447 | 157,658 | ||||||
ICADE | 703 | 63,467 | ||||||
Imerys SA | 655 | 48,082 | ||||||
JCDecaux SA | 1,337 | 45,081 | ||||||
Lagardere SCA | 2,025 | 60,765 | ||||||
Neopost SA | 685 | 37,631 | ||||||
Orpea | 791 | 49,825 | ||||||
Remy Cointreau SA | 470 | 34,577 | ||||||
Rubis SCA | 693 | 43,994 | ||||||
SEB SA | 483 | 34,808 | ||||||
Societe BIC SA | 533 | 75,849 | ||||||
Societe Television Francaise 1 | 2,368 | 41,963 | ||||||
Teleperformance | 1,128 | 77,304 | ||||||
Vallourec SA | 2,391 | 58,356 | ||||||
1,202,441 | ||||||||
GERMANY — 16.9% | ||||||||
Axel Springer SE | 844 | 49,855 | ||||||
Bilfinger SE | 913 | 52,960 | ||||||
Deutsche Euroshop AG | 899 | 44,675 | ||||||
Dialog Semiconductor PLC (a) | 1,409 | 63,656 | ||||||
Duerr AG | 487 | 53,611 | ||||||
Evonik Industries AG | 1,308 | 46,639 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 736 | 44,005 | ||||||
Freenet AG | 2,539 | 76,557 | ||||||
Fuchs Petrolub SE Preference Shares | 1,378 | 55,114 | ||||||
Gerresheimer AG | 590 | 32,545 | ||||||
Kabel Deutschland Holding AG (a) | 411 | 53,411 | ||||||
Leoni AG | 648 | 41,040 | ||||||
MorphoSys AG (a) | 494 | 31,202 | ||||||
OSRAM Licht AG (a) | 1,713 | 85,181 | ||||||
Rheinmetall AG | 785 | 37,943 | ||||||
Stada Arzneimittel AG | 1,201 | 40,109 | ||||||
Telefonica Deutschland Holding AG (a) | 10,262 | 59,251 | ||||||
867,754 | ||||||||
GREECE — 2.8% | ||||||||
Alpha Bank AE (a) | 85,170 | 25,155 | ||||||
Hellenic Telecommunications Organization SA (a) | 4,859 | 43,053 | ||||||
National Bank of Greece SA (a) | 29,786 | 35,189 | ||||||
OPAP SA | 4,238 | 39,736 | ||||||
143,133 | ||||||||
IRELAND — 4.4% | ||||||||
C&C Group PLC | 6,943 | 28,447 | ||||||
Glanbia PLC | 3,441 | 63,805 | ||||||
Kingspan Group PLC | 2,901 | 54,945 | ||||||
Paddy Power PLC | 933 | 79,873 | ||||||
227,070 | ||||||||
ITALY — 13.3% | ||||||||
Azimut Holding SpA | 2,063 | 58,870 | ||||||
Banca Monte dei Paschi di Siena SpA (a) | 100,877 | 66,955 | ||||||
Banca Popolare dell’Emilia Romagna SC (a) | 9,511 | 83,098 | ||||||
Banca Popolare di Milano Scarl (a) | 86,588 | 87,927 | ||||||
Banca Popolare di Sondrio Scarl | 8,990 | 41,054 | ||||||
Davide Campari-Milano SpA | 4,370 | 30,484 | ||||||
Enel Green Power SpA | 30,392 | 56,763 | ||||||
Exor SpA | 1,889 | 85,797 | ||||||
Mediaset SpA (a) | 15,510 | 70,862 | ||||||
Saipem SpA (a) | 4,965 | 50,631 | ||||||
UnipolSai SpA | 16,514 | 48,100 | ||||||
680,541 | ||||||||
LUXEMBOURG — 2.3% | ||||||||
Eurofins Scientific SE | 172 | 46,320 | ||||||
RTL Group SA | 760 | 73,160 | ||||||
119,480 | ||||||||
NETHERLANDS — 11.5% | ||||||||
Aalberts Industries NV | 1,902 | 59,791 | ||||||
ASM International NV | 1,037 | 47,946 | ||||||
Delta Lloyd NV | 3,952 | 74,448 | ||||||
Koninklijke Vopak NV | 1,307 | 72,151 | ||||||
NN Group NV (a) | 3,224 | 91,343 | ||||||
OCI NV (a) | 1,802 | 55,815 | ||||||
PostNL NV (a) | 8,742 | 37,199 | ||||||
SBM Offshore NV (a) | 3,514 | 43,684 | ||||||
TNT Express NV | 9,276 | 58,988 | ||||||
Wereldhave NV | 694 | 46,585 | ||||||
587,950 | ||||||||
PORTUGAL — 2.8% | ||||||||
Banco Comercial Portugues SA (a) | 801,694 | 82,400 | ||||||
Jeronimo Martins SGPS SA | 4,852 | 60,969 | ||||||
143,369 | ||||||||
See accompanying notes to financial statements.
154
SPDR EURO STOXX Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
SPAIN — 7.5% | ||||||||
Abengoa SA (Class B) | 10,695 | $ | 38,824 | |||||
Bolsas y Mercados Espanoles SHMSF SA | 1,572 | 70,032 | ||||||
Gamesa Corp. Tecnologica SA (a) | 4,451 | 56,241 | ||||||
Mapfre SA | 19,710 | 71,952 | ||||||
Mediaset Espana Comunicacion SA (a) | 3,928 | 49,190 | ||||||
Viscofan SA | 878 | 53,655 | ||||||
Zardoya Otis SA | 3,336 | 43,030 | ||||||
382,924 | ||||||||
UNITED KINGDOM — 1.0% | ||||||||
Jazztel PLC (a) | 3,842 | 52,342 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $5,610,878) | 5,117,038 | |||||||
SHORT TERM INVESTMENT — 0.0% (c) | ||||||||
UNITED STATES — 0.0% (c) | ||||||||
MONEY MARKET FUND — 0.0% (c) | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (d)(e) (Cost $557) | 557 | 557 | ||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $5,611,435) | 5,117,595 | |||||||
OTHER ASSETS & LIABILITIES — 0.1% | 2,995 | |||||||
NET ASSETS — 100.0% | $ | 5,120,590 | ||||||
(a) | Non-income producing security | |||||
(b) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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
SCA = Societe en Commandite par Actions (partnership limited by shares)
See accompanying notes to financial statements.
155
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
CHINA — 31.6% | ||||||||
21Vianet Group, Inc. ADR (a) | 18,336 | $ | 323,814 | |||||
58.com Inc, ADR (a) | 9,424 | 498,341 | ||||||
Agricultural Bank of China, Ltd. (Class H) | 5,480,000 | 2,714,183 | ||||||
Air China, Ltd. | 1,225,414 | 1,250,221 | ||||||
Alibaba Group Holding, Ltd. ADR (a) | 91,271 | 7,597,398 | ||||||
Aluminum Corp. of China, Ltd. (Class H) (a)(b) | 2,038,304 | 1,009,549 | ||||||
Angang Steel Co., Ltd. (b) | 811,244 | 597,469 | ||||||
Anhui Conch Cement Co., Ltd. (Class H) (b) | 1,054,750 | 3,992,869 | ||||||
Anta Sports Products, Ltd. | 186,000 | 340,186 | ||||||
Baidu, Inc. ADR (a) | 73,731 | 15,365,540 | ||||||
Bank of China, Ltd. (Class H) | 18,278,466 | 10,561,976 | ||||||
Bank of Communications Co., Ltd. (Class H) | 5,052,630 | 4,333,777 | ||||||
Bitauto Holdings, Ltd. ADR (a) | 5,122 | 260,607 | ||||||
Boyaa Interactive International, Ltd. (b) | 221,200 | 184,879 | ||||||
Brilliance China Automotive Holdings, Ltd. | 706,000 | 1,360,450 | ||||||
BYD Co., Ltd. (b) | 175,800 | 904,730 | ||||||
BYD Electronic International Co., Ltd. | 223,500 | 282,508 | ||||||
CAR, Inc. (a)(b) | 361,598 | 685,600 | ||||||
Chanjet Information Technology Co., Ltd. (Class H) (a) | 184,600 | 421,437 | ||||||
China Animal Healthcare, Ltd. (b) | 305,700 | 205,034 | ||||||
China Cinda Asset Management Co., Ltd. (Class H) (a) | 2,211,600 | 1,095,381 | ||||||
China CITIC Bank Corp., Ltd. (Class H) | 2,547,341 | 1,918,790 | ||||||
China Coal Energy Co., Ltd. (Class H) (b) | 1,303,000 | 719,309 | ||||||
China Communications Construction Co., Ltd. (Class H) | 1,293,000 | 1,821,162 | ||||||
China Conch Venture Holdings, Ltd. | 86,000 | 184,134 | ||||||
China Construction Bank Corp. (Class H) | 22,944,148 | 19,058,347 | ||||||
China COSCO Holdings Co., Ltd. (a)(b) | 1,700,230 | 894,737 | ||||||
China Everbright, Ltd. | 202,000 | 526,296 | ||||||
China International Marine Containers Group Co., Ltd. (Class H) | 169,600 | 369,254 | ||||||
China Life Insurance Co., Ltd. (Class H) | 2,008,708 | 8,795,975 | ||||||
China Longyuan Power Group Corp. | 936,000 | 1,017,726 | ||||||
China Merchants Bank Co., Ltd. (Class H) | 1,590,760 | 3,886,083 | ||||||
China Merchants Property Development Co., Ltd. | 296,126 | 874,660 | ||||||
China Minsheng Banking Corp., Ltd. (Class H) | 1,736,600 | 2,121,178 | ||||||
China National Building Material Co., Ltd. (Class H) (b) | 828,000 | 824,470 | ||||||
China Oilfield Services, Ltd. (Class H) (b) | 532,557 | 886,101 | ||||||
China Pacific Insurance Group Co., Ltd. | 453,200 | 2,156,968 | ||||||
China Petroleum & Chemical Corp. (Class H) | 6,817,726 | 5,425,654 | ||||||
China Railway Construction Corp., Ltd. (Class H) | 469,000 | 700,501 | ||||||
China Railway Group, Ltd. (Class H) | 1,246,000 | 1,276,045 | ||||||
China Shenhua Energy Co., Ltd. (Class H) | 1,007,040 | 2,571,813 | ||||||
China Shipping Container Lines Co., Ltd. (a) | 3,287,339 | 1,043,055 | ||||||
China Shipping Development Co., Ltd. (a) | 937,215 | 684,200 | ||||||
China Telecom Corp., Ltd. (Class H) | 4,983,320 | 3,194,498 | ||||||
China Vanke Co., Ltd. (Class H) (a)(b) | 251,100 | 595,926 | ||||||
Chongqing Changan Automobile Co., Ltd. (Class B) (c) | 158,400 | 432,517 | ||||||
CITIC Securities Co., Ltd. (Class H) (b) | 203,000 | 752,768 | ||||||
Consun Pharmaceutical Group, Ltd. | 338,400 | 235,259 | ||||||
Country Garden Holdings Co., Ltd. | 1,463,333 | 590,765 | ||||||
CT Environmental Group, Ltd. (b) | 194,000 | 209,187 | ||||||
Ctrip.com International, Ltd. ADR (a) | 48,325 | 2,832,812 | ||||||
Datang International Power Generation Co., Ltd. (Class H) | 698,000 | 357,416 | ||||||
Dongfeng Motor Group Co., Ltd. (Class H) | 880,468 | 1,412,737 | ||||||
E-Commerce China Dangdang, Inc. (Class A) ADR (a)(b) | 22,538 | 215,238 | ||||||
E-House China Holdings, Ltd. ADR | 32,474 | 176,334 | ||||||
FIH Mobile, Ltd. (a)(b) | 646,000 | 342,454 | ||||||
Great Wall Motor Co., Ltd. (Class H) | 235,000 | 1,661,024 | ||||||
Guangzhou Automobile Group Co., Ltd. (Class H) | 1,680,032 | 1,607,862 | ||||||
Guangzhou R&F Properties Co., Ltd. (Class H) (b) | 858,976 | 880,797 | ||||||
Haitian International Holdings, Ltd. | 151,000 | 346,677 | ||||||
Haitong Securities Co., Ltd. (Class H) (b) | 364,000 | 886,402 | ||||||
Hengan International Group Co., Ltd. | 95,500 | 1,146,781 | ||||||
Huadian Power International Co., Ltd. (Class H) | 384,000 | 319,461 |
See accompanying notes to financial statements.
156
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Huaneng Power International, Inc. (Class H) | 1,736,472 | $ | 2,056,070 | |||||
Industrial & Commercial Bank of China, Ltd. (Class H) | 19,786,138 | 14,597,702 | ||||||
Inner Mongolia Yitai Coal Co., Ltd. (Class B) | 474,950 | 693,427 | ||||||
JD.com, Inc. ADR (a) | 76,114 | 2,236,229 | ||||||
Jiangsu Expressway Co., Ltd. (Class H) | 1,680,299 | 2,258,300 | ||||||
Jiangsu Future Land Co., Ltd. (c) | 164,103 | 83,200 | ||||||
Jiangxi Copper Co., Ltd. (Class H) (b) | 981,578 | 1,825,650 | ||||||
Jingwei Textile Machinery (Class H) | 202,000 | 269,922 | ||||||
Jintian Pharmaceutical Group, Ltd. (b) | 468,000 | 179,883 | ||||||
Kama Co., Ltd. (Class B) (a) | 1,118,920 | 644,498 | ||||||
Kangda International Environmental Co., Ltd. (a)(b)(d) | 435,000 | 191,325 | ||||||
Kingsoft Corp., Ltd. (b) | 205,000 | 601,537 | ||||||
Konka Group Co., Ltd. | 270,100 | 156,074 | ||||||
Lao Feng Xiang Co., Ltd. | 102,595 | 353,542 | ||||||
Leju Holdings, Ltd. ADR (a)(b) | 1,584 | 12,609 | ||||||
Livzon Pharmaceutical Group, Inc. (Class H) | 18,700 | 119,874 | ||||||
Luthai Textile Co., Ltd. | 76,000 | 110,573 | ||||||
Luye Pharma Group, Ltd. (a) | 408,000 | 493,091 | ||||||
Maanshan Iron & Steel (a)(b) | 1,708,971 | 491,549 | ||||||
Mindray Medical International, Ltd. ADR (b) | 23,211 | 634,821 | ||||||
MOBI Development Co., Ltd. | 935,000 | 229,136 | ||||||
NetEase, Inc. ADR | 32,464 | 3,418,459 | ||||||
New China Life Insurance Co., Ltd. (Class H) | 119,400 | 666,837 | ||||||
New Oriental Education & Technology Group, Inc. ADR (a) | 28,190 | 624,972 | ||||||
People’s Insurance Co. Group of China, Ltd. (Class H) | 1,125,000 | 571,711 | ||||||
Perfect World Co., Ltd. ADR | 20,284 | 376,877 | ||||||
PetroChina Co., Ltd. (Class H) | 5,345,208 | 5,915,335 | ||||||
Phoenix Healthcare Group Co., Ltd. | 144,000 | 254,826 | ||||||
PICC Property & Casualty Co., Ltd. (Class H) | 1,042,289 | 2,059,559 | ||||||
Ping An Insurance Group Co. of China, Ltd. (Class H) | 572,864 | 6,886,441 | ||||||
Poly Culture Group Corp., Ltd. (Class H) (a) | 61,100 | 186,380 | ||||||
Qihoo 360 Technology Co., Ltd. ADR (a)(b) | 22,024 | 1,127,629 | ||||||
REXLot Holdings, Ltd. | 2,850,000 | 213,206 | ||||||
Semiconductor Manufacturing International Corp. (a)(b) | 14,500,837 | 1,402,755 | ||||||
SGSB Group Co., Ltd. (a) | 329,100 | 255,053 | ||||||
Shandong Luoxin Pharmaceutical Group Stock Co., Ltd. (Class H) | 144,000 | 273,771 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. (b) | 472,000 | 415,805 | ||||||
Shanghai Electric Group Co., Ltd. (Class H) | 1,590,418 | 1,050,289 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. (Class H) | 83,000 | 276,736 | ||||||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. (Class H) (a)(b) | 472,000 | 453,551 | ||||||
Shanghai Highly Group Co., Ltd. | 541,200 | 353,404 | ||||||
Shanghai Jinjiang International Travel Co., Ltd. (Class B) | 431,049 | 1,125,469 | ||||||
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd. (Class B) | 121,185 | 290,117 | ||||||
Shanghai Mechanical and Electrical Industry Co., Ltd. (Class B) | 93,435 | 231,625 | ||||||
Shanghai Prime Machinery Co., Ltd. (Class H) | 1,182,000 | 245,454 | ||||||
Shenzhou International Group Holdings, Ltd. | 127,000 | 573,323 | ||||||
Sihuan Pharmaceutical Holdings Group, Ltd. (b) | 1,459,000 | 829,891 | ||||||
Sina Corp. (a)(b) | 28,453 | 915,049 | ||||||
Sinopec Oilfield Service Corp. (Class H) (a)(b) | 394,000 | 172,275 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. (Class H) | 2,826,878 | 1,053,737 | ||||||
Sinopharm Group Co. | 233,600 | 953,617 | ||||||
Sohu.com, Inc. (a)(b) | 8,025 | 427,973 | ||||||
SouFun Holdings, Ltd. ADR | 38,518 | 231,108 | ||||||
SPT Energy Group, Inc. (b) | 492,000 | 83,131 | ||||||
Sunny Optical Technology Group Co., Ltd. (b) | 226,800 | 412,467 | ||||||
TAL Education Group ADR (a)(b) | 12,498 | 415,184 | ||||||
Tencent Holdings, Ltd. | 1,357,070 | 25,765,435 | ||||||
Tingyi Cayman Islands Holding Corp. | 1,098,383 | 2,363,074 | ||||||
Tong Ren Tang Technologies Co., Ltd. (Class H) | 263,000 | 386,712 | ||||||
Trina Solar, Ltd. ADR (a)(b) | 15,572 | 188,266 | ||||||
Tsingtao Brewery Co., Ltd. (Class H) (b) | 72,000 | 482,442 | ||||||
Vipshop Holdings, Ltd. ADS (a) | 73,758 | 2,171,436 | ||||||
Want Want China Holdings, Ltd. (b) | 2,151,000 | 2,283,325 | ||||||
Wisdom Holdings Group | 316,000 | 202,568 | ||||||
WuXi PharmaTech Cayman, Inc. ADR (a) | 17,414 | 675,315 | ||||||
Xinchen China Power Holdings, Ltd. (a) | 495,000 | 193,453 | ||||||
Xinyi Glass Holdings, Ltd. (b) | 658,000 | 406,526 | ||||||
Xinyi Solar Holdings, Ltd. (b) | 517,200 | 160,769 | ||||||
Yanzhou Coal Mining Co., Ltd. (Class H) (b) | 876,882 | 749,863 | ||||||
Yestar International Holdings Co., Ltd. (b) | 800,000 | 305,428 | ||||||
Youku Tudou, Inc. ADR (a)(b) | 30,174 | 377,175 |
See accompanying notes to financial statements.
157
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
YY, Inc. ADR (a)(b) | 7,068 | $ | 385,595 | |||||
Zhejiang Expressway Co., Ltd. (Class H) | 386,000 | 511,809 | ||||||
Zhuzhou CSR Times Electric Co., Ltd. (Class H) | 162,000 | 1,063,556 | ||||||
Zijin Mining Group Co., Ltd. (Class H) (b) | 3,114,685 | 988,272 | ||||||
ZTE Corp. (Class H) | 150,800 | 345,828 | ||||||
232,929,197 | ||||||||
HONG KONG — 10.9% | ||||||||
AAC Technologies Holdings, Inc. | 161,000 | 993,654 | ||||||
Agile Property Holdings, Ltd. | 1,085,598 | 652,503 | ||||||
AviChina Industry & Technology Co., Ltd. (Class H) (b) | 872,000 | 626,468 | ||||||
Beijing Enterprises Holdings, Ltd. | 158,000 | 1,243,124 | ||||||
Beijing Enterprises Water Group, Ltd. (a) | 902,000 | 614,282 | ||||||
Belle International Holdings, Ltd. | 1,206,000 | 1,404,632 | ||||||
C.banner International Holdings, Ltd. (b) | 348,000 | 107,725 | ||||||
Carnival Group International Holdings, Ltd. (a)(b) | 1,880,000 | 329,780 | ||||||
Changshouhua Food Co., Ltd. | 159,000 | 97,003 | ||||||
China Everbright International, Ltd. | 569,000 | 952,608 | ||||||
China Gas Holdings, Ltd. | 540,000 | 884,555 | ||||||
China High Speed Transmission Equipment Group Co., Ltd. (a) | 352,000 | 243,352 | ||||||
China Huishan Dairy Holdings Co., Ltd. (b) | 1,181,000 | 210,211 | ||||||
China Medical System Holdings, Ltd. | 325,000 | 499,674 | ||||||
China Mengniu Dairy Co., Ltd. | 600,390 | 3,190,495 | ||||||
China Merchants Holdings International Co., Ltd. | 737,375 | 2,886,520 | ||||||
China Mobile, Ltd. | 1,491,636 | 19,470,217 | ||||||
China Modern Dairy Holdings, Ltd. (a)(b) | 711,000 | 236,601 | ||||||
China Ocean Shipbuilding Industry Group, Ltd. (a) | 3,357,800 | 72,760 | ||||||
China Overseas Land & Investment, Ltd. | 1,399,084 | 4,520,422 | ||||||
China Pharmaceutical Group, Ltd. | 590,000 | 499,210 | ||||||
China Resources Enterprise, Ltd. | 778,746 | 1,526,746 | ||||||
China Resources Gas Group, Ltd. | 132,000 | 410,316 | ||||||
China Resources Land, Ltd. | 788,767 | 2,228,026 | ||||||
China Resources Power Holdings Co., Ltd. | 638,000 | 1,601,367 | ||||||
China Singyes Solar Technologies Holdings, Ltd. (b) | 142,000 | 194,143 | ||||||
China Taiping Insurance Holdings Co., Ltd. (a) | 235,741 | 804,245 | ||||||
China Unicom (Hong Kong), Ltd. | 1,708,172 | 2,599,806 | ||||||
China Yurun Food Group, Ltd. (a)(b) | 358,659 | 104,548 | ||||||
CITIC, Ltd. (b) | 1,212,000 | 2,076,004 | ||||||
Citychamp Watch & Jewellery Group, Ltd. | 870,000 | 92,015 | ||||||
CNOOC, Ltd. | 4,304,249 | 6,084,647 | ||||||
Comba Telecom Systems Holdings, Ltd. (b) | 457,600 | 136,931 | ||||||
COSCO Pacific, Ltd. | 1,027,283 | 1,346,205 | ||||||
Dawnrays Pharmaceutical Holdings, Ltd. | 284,000 | 205,132 | ||||||
Digital China Holdings, Ltd. | 283,000 | 308,805 | ||||||
EVA Precision Industrial Holdings, Ltd. | 818,000 | 245,831 | ||||||
Evergrande Real Estate Group, Ltd. (b) | 324,000 | 163,399 | ||||||
GCL Poly Energy Holdings, Ltd. (a)(b) | 2,018,000 | 533,584 | ||||||
Geely Automobile Holdings, Ltd. (b) | 900,000 | 463,173 | ||||||
GOME Electrical Appliances Holding, Ltd. (b) | 3,108,322 | 449,026 | ||||||
Guangdong Investment, Ltd. | 614,000 | 804,618 | ||||||
Haier Electronics Group Co., Ltd. | 172,000 | 450,352 | ||||||
Hanergy Thin Film Power Group, Ltd. (a)(b) | 4,918,000 | 4,427,630 | ||||||
Hang Fat Ginseng Holdings Co., Ltd. (b) | 750,000 | 327,935 | ||||||
Hua Han Bio-Pharmaceutical Holdings, Ltd. (Class H) | 1,185,600 | 282,903 | ||||||
Huabao International Holdings, Ltd. | 541,000 | 402,625 | ||||||
Imperial Pacific International Holdings, Ltd. (a)(b) | 622,700 | 109,231 | ||||||
Kingboard Chemical Holdings, Ltd. | 244,200 | 386,787 | ||||||
Kunlun Energy Co., Ltd. (b) | 816,000 | 792,524 | ||||||
Lenovo Group, Ltd. (b) | 2,413,703 | 3,524,177 | ||||||
Li Ning Co., Ltd. (a)(b) | 601,374 | 341,291 | ||||||
Lijun International Pharmaceutical Holding Co., Ltd. | 758,000 | 331,433 | ||||||
Minth Group, Ltd. | 170,000 | 335,919 | ||||||
NetDragon Websoft, Inc. (b) | 259,500 | 569,671 | ||||||
NVC Lighting Holdings, Ltd. (c) | 170,000 | 38,591 | ||||||
Shimao Property Holdings, Ltd. | 325,500 | 684,331 | ||||||
Sino Biopharmaceutical, Ltd. | 780,000 | 789,754 | ||||||
Sino-Ocean Land Holdings, Ltd. | 1,677,211 | 1,014,584 | ||||||
Sinotrans, Ltd. (Class H) | 484,000 | 277,800 | ||||||
Skyworth Digital Holdings, Ltd. | 225,835 | 177,684 | ||||||
Sun Art Retail Group, Ltd. (b) | 478,500 | 416,594 | ||||||
Sunac China Holdings, Ltd. | 568,000 | 493,050 | ||||||
Tech Pro Technology Development, Ltd. (a)(b) | 831,200 | 671,131 | ||||||
Uni-President China Holdings, Ltd. (b) | 374,000 | 247,466 | ||||||
United Laboratories International Holdings, Ltd. (a) | 286,000 | 133,906 | ||||||
WH Group, Ltd. (a)(d) | 1,814,500 | 1,032,103 | ||||||
80,373,835 | ||||||||
INDIA — 16.5% | ||||||||
Adani Enterprises, Ltd. | 53,930 | 530,284 | ||||||
AIA Engineering, Ltd. | 14,326 | 286,732 | ||||||
Apollo Hospitals Enterprise, Ltd. | 109,091 | 2,386,776 | ||||||
Apollo Tyres, Ltd. | 93,090 | 250,273 | ||||||
Arvind, Ltd. | 55,035 | 230,143 |
See accompanying notes to financial statements.
158
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Asian Paints, Ltd. | 55,693 | $ | 722,001 | |||||
Aurobindo Pharma, Ltd. | 35,083 | 684,828 | ||||||
Axis Bank, Ltd. | 165,316 | 1,479,837 | ||||||
Bharat Forge, Ltd. | 28,312 | 577,652 | ||||||
Bharat Heavy Electricals, Ltd. | 326,546 | 1,228,045 | ||||||
Bharti Airtel, Ltd. | 524,280 | 3,294,906 | ||||||
Bharti Infratel Ltd. | 104,429 | 642,447 | ||||||
Cipla, Ltd. | 322,287 | 3,669,044 | ||||||
DLF, Ltd. | 127,943 | 323,531 | ||||||
Dr Reddy’s Laboratories, Ltd. | 19,192 | 1,069,907 | ||||||
Eicher Motors, Ltd. | 1,746 | 443,833 | ||||||
Escorts, Ltd. | 95,373 | 194,080 | ||||||
GAIL India, Ltd. | 95,699 | 593,022 | ||||||
Glenmark Pharmaceuticals, Ltd. | 29,995 | 376,799 | ||||||
Godrej Consumer Products, Ltd. | 30,881 | 513,661 | ||||||
Godrej Industries, Ltd. | 36,408 | 201,206 | ||||||
Gujarat Mineral Development Corp., Ltd. | 80,603 | 144,446 | ||||||
Gujarat Pipavav Port, Ltd. (a) | 73,492 | 284,250 | ||||||
Havells India, Ltd. | 69,818 | 340,548 | ||||||
HCL Technologies, Ltd. | 106,324 | 1,665,675 | ||||||
HDFC Bank, Ltd. | 451,400 | 7,376,759 | ||||||
Hero Motocorp, Ltd. | 25,467 | 1,074,248 | ||||||
Hindalco Industries, Ltd. | 219,998 | 453,486 | ||||||
Hindustan Unilever, Ltd. | 386,096 | 5,389,380 | ||||||
Hindustan Zinc, Ltd. | 683,237 | 1,770,289 | ||||||
Housing Development & Infrastructure, Ltd. (a) | 119,127 | 193,687 | ||||||
Housing Development Finance Corp., Ltd. | 392,284 | 8,247,327 | ||||||
ICICI Bank Ltd. | 935 | 4,714 | ||||||
ICICI Bank, Ltd. ADR | 456,012 | 4,724,284 | ||||||
Idea Cellular, Ltd. | 586,297 | 1,723,817 | ||||||
IDFC, Ltd. | 273,744 | 730,276 | ||||||
IIFL Holdings, Ltd. | 220,344 | 627,605 | ||||||
Indiabulls Housing Finance, Ltd. | 143,516 | 1,279,418 | ||||||
Indian Hotels Co., Ltd. (a) | 1,001,495 | 1,870,764 | ||||||
Indian Oil Corp., Ltd. | 112,714 | 663,969 | ||||||
Infosys, Ltd. ADR (b) | 270,639 | 9,494,016 | ||||||
ITC, Ltd. GDR (a) | 445,202 | 2,359,571 | ||||||
Jaiprakash Associates, Ltd. (a) | 570,010 | 225,886 | ||||||
Jindal Steel & Power, Ltd. | 105,910 | 265,362 | ||||||
JSW Steel, Ltd. | 29,005 | 420,166 | ||||||
Just Dial, Ltd. | 11,211 | 237,141 | ||||||
Kotak Mahindra Bank, Ltd. | 26,262 | 551,101 | ||||||
KPIT Technologies Ltd. | 103,571 | 311,965 | ||||||
Larsen & Toubro, Ltd. GDR | 69,465 | 1,938,074 | ||||||
LIC Housing Finance, Ltd. | 78,495 | 548,877 | ||||||
Mahindra & Mahindra Financial Services, Ltd. | 73,323 | 297,481 | ||||||
Mahindra & Mahindra, Ltd. | 140,585 | 2,668,321 | ||||||
Mindtree, Ltd. | 13,004 | 270,891 | ||||||
Motherson Sumi Systems, Ltd. | 56,362 | 463,775 | ||||||
Mundra Port and Special Economic Zone, Ltd. | 85,019 | 418,701 | ||||||
NTPC, Ltd. | 286,100 | 671,348 | ||||||
Oil & Natural Gas Corp., Ltd. | 499,345 | 2,444,412 | ||||||
Power Finance Corp., Ltd. | 80,611 | 351,716 | ||||||
Ranbaxy Laboratories, Ltd. (a) | 31,606 | 411,102 | ||||||
Reliance Capital, Ltd. | 66,516 | 451,243 | ||||||
Reliance Communications, Ltd. (a) | 398,365 | 377,160 | ||||||
Reliance Industries, Ltd. GDR (d) | 271,375 | 7,152,088 | ||||||
Reliance Infrastructure, Ltd. | 131,627 | 912,411 | ||||||
Rural Electrification Corp., Ltd. | 75,424 | 401,578 | ||||||
Sesa Sterlite, Ltd. | 258,595 | 783,042 | ||||||
Shriram City Union Finance, Ltd. | 10,626 | 333,673 | ||||||
Shriram Transport Finance Co., Ltd. | 37,951 | 675,773 | ||||||
Siemens India, Ltd. | 122,886 | 2,742,691 | ||||||
Sintex Industries, Ltd. | 192,823 | 371,896 | ||||||
SKS Microfinance, Ltd. (a) | 57,233 | 418,813 | ||||||
State Bank of India | 363,748 | 1,552,205 | ||||||
Steel Authority of India, Ltd. | 409,147 | 440,651 | ||||||
Sun Pharmaceutical Industries, Ltd. | 218,323 | 3,572,011 | ||||||
Suzlon Energy, Ltd. (a) | 140,819 | 61,542 | ||||||
Tata Consultancy Services, Ltd. | 140,388 | 5,729,255 | ||||||
Tata Motors, Ltd. | 472,786 | 4,156,626 | ||||||
Tata Steel, Ltd. | 68,256 | 345,472 | ||||||
Tech Mahindra, Ltd. | 71,096 | 715,376 | ||||||
Unitech, Ltd. (a) | 209,241 | 53,998 | ||||||
United Spirits, Ltd. (a) | 19,356 | 1,131,181 | ||||||
UPL, Ltd. | 60,479 | 427,297 | ||||||
Vakrangee, Ltd. | 211,775 | 347,706 | ||||||
Wipro, Ltd. ADR (b) | 214,948 | 2,863,107 | ||||||
WNS Holdings, Ltd. ADR (a) | 19,258 | 468,355 | ||||||
Yes Bank, Ltd. | 17,113 | 223,069 | ||||||
Zee Entertainment Enterprises, Ltd. | 452,616 | 2,471,691 | ||||||
121,793,765 | ||||||||
INDONESIA — 4.5% | ||||||||
Ace Hardware Indonesia Tbk PT | 4,391,000 | 246,836 | ||||||
Adaro Energy Tbk PT | 5,320,200 | 386,554 | ||||||
AKR Corporindo Tbk PT | 245,600 | 96,268 | ||||||
Astra International Tbk PT | 6,324,600 | 4,147,873 | ||||||
Bank Central Asia Tbk PT | 4,093,696 | 4,641,609 | ||||||
Bank Mandiri Persero Tbk PT | 2,673,405 | 2,550,725 | ||||||
Bank Negara Indonesia Persero Tbk PT | 1,024,400 | 566,064 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 3,959,396 | 4,019,960 | ||||||
Bumi Resources Tbk PT (a) | 7,248,164 | 43,240 | ||||||
Charoen Pokphand Indonesia Tbk PT | 690,000 | 187,078 | ||||||
Ciputra Surya Tbk PT | 835,400 | 196,151 | ||||||
Citra Marga Nusaphala Persada Tbk PT | 705,500 | 134,895 | ||||||
Eagle High Plantations Tbk PT | 703,100 | 18,176 | ||||||
Garda Tujuh Buana Tbk PT (a)(c) | 127,500 | 2,535 | ||||||
Garuda Indonesia Tbk PT (a) | 6,445,800 | 242,549 | ||||||
Global Mediacom Tbk PT | 654,400 | 87,587 | ||||||
Gudang Garam Tbk PT | 185,600 | 723,946 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 638,125 | 1,070,049 | ||||||
Indosat Tbk PT (a) | 1,414,348 | 461,353 | ||||||
Intiland Development Tbk PT | 2,324,200 | 102,211 |
See accompanying notes to financial statements.
159
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Kalbe Farma Tbk PT | 1,861,000 | $ | 265,451 | |||||
Kawasan Industri Jababeka Tbk PT | 11,879,737 | 300,741 | ||||||
Lippo Cikarang Tbk PT (a) | 604,900 | 540,131 | ||||||
Lippo Karawaci Tbk PT | 3,055,500 | 315,482 | ||||||
Matahari Putra Prima Tbk PT | 839,800 | 254,349 | ||||||
Mayora Indah Tbk PT | 133,800 | 295,742 | ||||||
Media Nusantara Citra Tbk PT | 853,000 | 186,910 | ||||||
Metropolitan Land Tbk PT | 3,845,500 | 127,644 | ||||||
MNC Investama Tbk PT | 5,131,900 | 117,357 | ||||||
Modernland Realty Tbk PT | 10,529,400 | 410,707 | ||||||
Pakuwon Jati Tbk PT | 4,203,800 | 165,580 | ||||||
Pembangunan Perumahan Persero PT Tbk | 1,107,300 | 321,392 | ||||||
Perusahaan Gas Negara Persero Tbk PT | 6,182,540 | 2,269,690 | ||||||
Selamat Sempurna Tbk PT | 1,096,700 | 373,255 | ||||||
Semen Indonesia Persero Tbk PT | 1,023,100 | 1,068,093 | ||||||
Summarecon Agung Tbk PT | 1,591,300 | 209,334 | ||||||
Surya Semesta Internusa Tbk PT | 2,532,500 | 220,807 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 15,956,670 | 3,526,943 | ||||||
Tiga Pilar Sejahtera Food Tbk | 1,681,400 | 269,410 | ||||||
Tower Bersama Infrastructure Tbk PT | 604,200 | 437,843 | ||||||
United Tractors Tbk PT | 522,145 | 870,574 | ||||||
Wijaya Karya Persero Tbk PT | 912,100 | 243,808 | ||||||
XL Axiata Tbk PT | 198,200 | 65,940 | ||||||
32,782,842 | ||||||||
MALAYSIA — 5.4% | ||||||||
7-Eleven Malaysia Holdings Bhd (Class B) | 403,100 | 174,149 | ||||||
Aeon Credit Service M Bhd | 73,200 | 260,504 | ||||||
AirAsia Bhd | 368,200 | 236,618 | ||||||
Alliance Financial Group Bhd | 1,573,110 | 2,034,615 | ||||||
APM Automotive Holdings Bhd | 88,200 | 110,741 | ||||||
Astro Malaysia Holdings Bhd | 400,800 | 346,310 | ||||||
Axiata Group Bhd | 798,500 | 1,526,497 | ||||||
Berjaya Auto Bhd | 332,700 | 339,572 | ||||||
British American Tobacco Malaysia Bhd | 25,800 | 478,312 | ||||||
Bursa Malaysia Bhd | 688,934 | 1,596,072 | ||||||
Cahya Mata Sarawak Bhd | 418,600 | 508,627 | ||||||
Carlsberg Brewery Malay Bhd | 726,203 | 2,662,842 | ||||||
CB Industrial Product Holding Bhd | 339,400 | 186,952 | ||||||
CIMB Group Holdings Bhd | 678,006 | 1,138,706 | ||||||
Coastal Contracts Bhd | 167,900 | 131,473 | ||||||
Cypark Resources Bhd | 343,600 | 166,071 | ||||||
Dialog Group Bhd | 1,098,100 | 468,475 | ||||||
Eastern & Oriental Bhd | 598,370 | 323,138 | ||||||
ECM Libra Financial Group Bhd (a) | 1,648,831 | 458,565 | ||||||
Eco World Development Group Bhd (a) | 461,700 | 231,879 | ||||||
Faber Group Bhd | 136,100 | 121,272 | ||||||
Genting Bhd | 1,088,200 | 2,644,471 | ||||||
Genting Malaysia Bhd | 967,300 | 1,104,814 | ||||||
IJM Corp. Bhd | 1,183,340 | 2,300,540 | ||||||
Inari Amertron Bhd | 234,162 | 209,282 | ||||||
IOI Corp. Bhd | 1,894,396 | 2,347,854 | ||||||
IOI Properties Group Bhd | 786,913 | 463,203 | ||||||
Karex Bhd | 301,500 | 373,670 | ||||||
KNM Group Bhd (a) | 1,225,000 | 213,346 | ||||||
Kuala Lumpur Kepong Bhd | 92,000 | 565,886 | ||||||
Land & General Bhd | 1,950,600 | 263,346 | ||||||
Landmarks Bhd (a) | 1,903,700 | 647,674 | ||||||
Lingkaran Trans Kota Holdings Bhd | 88,600 | 89,473 | ||||||
Malayan Banking Bhd | 803,611 | 2,024,488 | ||||||
Maxis Bhd | 654,000 | 1,269,680 | ||||||
Media Prima Bhd | 457,000 | 209,775 | ||||||
MKH Bhd | 243,800 | 181,031 | ||||||
Muhibbah Engineering M Bhd | 498,700 | 296,244 | ||||||
Oldtown Bhd | 304,600 | 141,464 | ||||||
OSK Holdings Bhd | 1,684,925 | 996,351 | ||||||
Padini Holdings Bhd | 319,600 | 125,993 | ||||||
PPB Group Bhd | 185,000 | 768,273 | ||||||
Press Metal Bhd | 264,000 | 235,950 | ||||||
Prestariang Bhd | 321,300 | 225,565 | ||||||
Public Bank Bhd | 336,520 | 1,715,539 | ||||||
Salcon Bhd | 1,056,500 | 216,806 | ||||||
SapuraKencana Petroleum Bhd | 324,700 | 206,910 | ||||||
Sime Darby Bhd | 624,605 | 1,563,410 | ||||||
TA Enterprise Bhd | 1,191,900 | 241,373 | ||||||
Tambun Indah Land Bhd | 673,800 | 327,485 | ||||||
TAN Chong Motor Holdings Bhd | 724,900 | 593,073 | ||||||
Telekom Malaysia Bhd | 246,400 | 483,685 | ||||||
Tenaga Nasional Bhd | 586,350 | 2,273,521 | ||||||
TSH Resources Bhd | 318,100 | 194,974 | ||||||
Uzma Bhd | 200,800 | 112,776 | ||||||
Wah Seong Corp. Bhd | 1,916,700 | 641,746 | ||||||
Yinson Holdings Bhd | 232,500 | 176,407 | ||||||
39,947,468 | ||||||||
PHILIPPINES — 3.0% | ||||||||
ABS-CBN Holdings Corp, PDR | 343,300 | 482,310 | ||||||
Alliance Global Group, Inc. | 1,464,200 | 868,038 | ||||||
Ayala Land, Inc. | 4,125,275 | 3,553,089 | ||||||
BDO Unibank, Inc. | 310,300 | 858,705 | ||||||
Belle Corp. | 2,664,200 | 256,288 | ||||||
Cebu Air, Inc. | 116,030 | 220,639 | ||||||
Cebu Holdings, Inc. | 1,744,200 | 200,954 | ||||||
Cosco Capital, Inc. | 3,353,900 | 673,781 | ||||||
D&L Industries, Inc. | 1,483,600 | 665,463 | ||||||
First Gen Corp. | 3,032,970 | 2,069,476 | ||||||
First Philippine Holdings Corp. | 1,585,094 | 3,404,229 | ||||||
GMA Holdings, Inc. | 325,300 | 46,575 | ||||||
JG Summit Holdings, Inc. | 631,660 | 1,024,504 | ||||||
Jollibee Foods Corp. | 83,110 | 409,042 | ||||||
LT Group, Inc. | 994,800 | 362,757 | ||||||
Megawide Construction Corp. (a) | 2,546,318 | 461,413 | ||||||
Nickel Asia Corp. | 804,300 | 431,839 | ||||||
Pepsi-Cola Products Philippines, Inc. (a) | 2,197,000 | 200,532 | ||||||
Philex Mining Corp. | 1,672,100 | 272,324 | ||||||
Philippine Long Distance Telephone Co. | 40,669 | 2,598,449 | ||||||
Puregold Price Club, Inc. | 622,200 | 578,354 |
See accompanying notes to financial statements.
160
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Robinsons Retail Holdings, Inc. | 316,080 | $ | 593,976 | |||||
SM Investments Corp. | 22,360 | 449,951 | ||||||
SM Prime Holdings, Inc. | 1,927,300 | 861,464 | ||||||
Universal Robina Corp. | 65,070 | 328,989 | ||||||
21,873,141 | ||||||||
SINGAPORE — 0.2% | ||||||||
Nam Cheong, Ltd. (b) | 705,000 | 156,758 | ||||||
SIIC Environment Holdings, Ltd. (a)(b) | 1,429,000 | 179,185 | ||||||
Silverlake Axis, Ltd. | 327,000 | 326,595 | ||||||
Yangzijiang Shipbuilding Holdings, Ltd. | 548,000 | 505,373 | ||||||
1,167,911 | ||||||||
TAIWAN — 22.8% | ||||||||
Acer, Inc. (a) | 1,249,395 | 806,577 | ||||||
Advanced Semiconductor Engineering, Inc. | 2,323,636 | 3,137,540 | ||||||
Advantech Co., Ltd. | 80,000 | 609,779 | ||||||
Airtac International Group | 38,000 | 304,826 | ||||||
Asia Cement Corp. | 1,895,073 | 2,383,225 | ||||||
Asustek Computer, Inc. | 262,138 | 2,638,973 | ||||||
AU Optronics Corp. ADR (b) | 349,653 | 1,751,762 | ||||||
Catcher Technology Co., Ltd. | 260,539 | 2,731,122 | ||||||
Cathay Financial Holding Co., Ltd. | 2,526,604 | 4,037,399 | ||||||
Center Laboratories, Inc. (a) | 65,000 | 181,767 | ||||||
Chang Hwa Commercial Bank, Ltd. | 4,971,254 | 2,875,669 | ||||||
China Development Financial Holding Corp. | 5,938,272 | 2,059,132 | ||||||
China Steel Chemical Corp. | 55,877 | 265,188 | ||||||
China Steel Corp. | 3,887,625 | 3,230,369 | ||||||
Chunghwa Picture Tubes, Ltd. (a) | 1,827,368 | 85,850 | ||||||
Chunghwa Telecom Co., Ltd. | 998,268 | 3,174,422 | ||||||
Coland Holdings, Ltd. | 177,411 | 405,964 | ||||||
Compal Electronics, Inc. | 2,001,431 | 1,666,260 | ||||||
CTBC Financial Holding Co., Ltd. | 6,141,562 | 4,082,598 | ||||||
Delta Electronics, Inc. | 613,893 | 3,874,844 | ||||||
Eclat Textile Co., Ltd. | 53,000 | 697,012 | ||||||
eMemory Technology, Inc. | 16,000 | 174,113 | ||||||
Epistar Corp. | 357,170 | 575,307 | ||||||
Everlight Electronics Co., Ltd. | 305,996 | 693,356 | ||||||
Far Eastern New Century Corp. | 2,674,697 | 2,761,033 | ||||||
Far EasTone Telecommunications Co., Ltd. | 286,000 | 690,093 | ||||||
Firich Enterprises Co., Ltd. | 58,000 | 197,411 | ||||||
First Financial Holding Co., Ltd | 4,302,980 | 2,557,860 | ||||||
Formosa Chemicals & Fibre Corp. | 1,350,691 | 3,099,380 | ||||||
Formosa Petrochemical Corp. | 395,000 | 864,733 | ||||||
Formosa Plastics Corp. | 2,028,137 | 4,919,642 | ||||||
Foxconn Technology Co., Ltd. | 647,572 | 1,738,448 | ||||||
Fubon Financial Holding Co., Ltd. | 2,712,998 | 4,872,818 | ||||||
Giant Manufacturing Co., Ltd. | 40,000 | 386,066 | ||||||
Hermes Microvision, Inc. | 9,000 | 519,175 | ||||||
Himax Technologies, Inc. ADR | 36,873 | 233,406 | ||||||
Hiwin Technologies Corp. | 44,000 | 325,535 | ||||||
Hon Hai Precision Industry Co., Ltd. | 3,638,784 | 10,652,369 | ||||||
Hotai Motor Co., Ltd. | 78,000 | 1,205,273 | ||||||
HTC Corp. (a) | 225,710 | 1,006,281 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 3,822,729 | 2,186,860 | ||||||
Innolux Corp. | 1,788,753 | 894,662 | ||||||
Inotera Memories, Inc. (a) | 479,000 | 639,126 | ||||||
Inventec Corp. | 710,000 | 513,950 | ||||||
King Yuan Electronics Co., Ltd. | 2,110,898 | 1,919,305 | ||||||
Largan Precision Co., Ltd. | 31,710 | 2,731,174 | ||||||
Lite-On Technology Corp. | 1,114,907 | 1,444,854 | ||||||
Macronix International Co., Ltd. (a) | 2,617,374 | 637,405 | ||||||
MediaTek, Inc. | 423,219 | 5,728,132 | ||||||
Medigen Biotechnology Corp. (a) | 34,000 | 151,582 | ||||||
Mega Financial Holding Co., Ltd. | 3,545,986 | 2,940,823 | ||||||
Merry Electronics Co., Ltd. | 48,000 | 154,171 | ||||||
MIN AIK Technology Co., Ltd. | 64,000 | 240,332 | ||||||
Motech Industries, Inc. | 199,507 | 270,026 | ||||||
Nan Ya Plastics Corp. | 2,015,759 | 4,477,317 | ||||||
Novatek Microelectronics Corp. | 301,062 | 1,558,710 | ||||||
Pegatron Corp. | 618,630 | 1,674,591 | ||||||
Pou Chen Corp. | 309,000 | 432,541 | ||||||
Powertech Technology, Inc. | 684,518 | 1,179,147 | ||||||
President Chain Store Corp. | 89,000 | 669,847 | ||||||
ProMOS Technologies, Inc. (a)(e) | 1,135,850 | 0 | ||||||
Quanta Computer, Inc. | 1,088,194 | 2,629,194 | ||||||
Realtek Semiconductor Corp. | 346,161 | 1,106,299 | ||||||
Shin Kong Financial Holding Co., Ltd. | 4,422,308 | 1,256,450 | ||||||
Siliconware Precision Industries Co., Ltd. | 1,354,745 | 2,255,744 | ||||||
SinoPac Financial Holdings Co., Ltd. | 5,584,570 | 2,329,135 | ||||||
Synnex Technology International Corp. | 390,000 | 527,229 | ||||||
Tainan Enterprises Co., Ltd. | 1,336,567 | 1,281,464 | ||||||
Taishin Financial Holding Co., Ltd. | 5,800,968 | 2,465,736 | ||||||
Taiwan Cement Corp. | 2,068,216 | 2,914,935 | ||||||
Taiwan FU Hsing Industrial Co., Ltd. | 2,696,000 | 3,299,994 | ||||||
Taiwan Mobile Co., Ltd. | 514,200 | 1,799,454 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 944,715 | 22,181,908 | ||||||
Tatung Co., Ltd. (a) | 1,380,107 | 371,822 | ||||||
Teco Electric & Machinery Co., Ltd. | 281,000 | 267,619 | ||||||
TPK Holding Co., Ltd. | 61,000 | 426,942 | ||||||
Tripod Technology Corp. | 700,361 | 1,410,123 | ||||||
Uni-President Enterprises Corp. | 2,000,819 | 3,350,684 | ||||||
United Integrated Services Co., Ltd. | 1,999,000 | 2,121,023 | ||||||
United Microelectronics Corp. ADR (b) | 1,125,995 | 2,747,428 | ||||||
Via Technologies, Inc. (a) | 271,490 | 77,655 | ||||||
Walsin Lihwa Corp. (a) | 901,000 | 277,873 | ||||||
Wistron Corp. | 1,350,736 | 1,148,277 | ||||||
Yageo Corp. | 578,564 | 1,192,630 |
See accompanying notes to financial statements.
161
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Yuanta Financial Holding Co., Ltd. | 3,156,618 | $ | 1,588,902 | |||||
167,945,652 | ||||||||
THAILAND — 4.9% | ||||||||
Advanced Info Service PCL | 431,130 | 3,140,068 | ||||||
Airports of Thailand PCL | 73,600 | 633,313 | ||||||
Bangkok Expressway PCL | 2,427,642 | 2,909,589 | ||||||
Bank of Ayudhya PCL NVDR | 151,600 | 192,179 | ||||||
BEC World PCL | 261,900 | 329,991 | ||||||
Big C Supercenter PCL | 1,000 | 7,068 | ||||||
Big C Supercenter PCL NVDR | 67,400 | 476,398 | ||||||
Bumrungrad Hospital PCL | 74,100 | 346,134 | ||||||
Central Plaza Hotel PCL | 100,700 | 101,350 | ||||||
Charoen Pokphand Foods PCL | 491,200 | 339,643 | ||||||
Chularat Hospital PCL | 420,800 | 253,463 | ||||||
CP ALL PCL | 1,563,700 | 1,970,243 | ||||||
E for L Aim PCL (a) | 6,005,400 | 199,319 | ||||||
Electricity Generating PCL | 581,146 | 2,705,704 | ||||||
Energy Absolute PCL | 479,000 | 371,689 | ||||||
Gunkul Engineering PCL | 398,400 | 410,154 | ||||||
Hana Microelectronics PCL | 216,000 | 292,071 | ||||||
Ichitan Group PCL | 283,900 | 184,090 | ||||||
Indorama Ventures PCL | 353,000 | 282,053 | ||||||
IRPC PCL | 6,316,939 | 834,752 | ||||||
Jasmine International PCL | 686,200 | 121,255 | ||||||
Kasikornbank PCL | 379,554 | 2,682,773 | ||||||
KCE Electronics PCL | 333,000 | 542,379 | ||||||
MC Group PCL | 630,200 | 282,757 | ||||||
Mega Lifesciences PCL | 482,300 | 263,827 | ||||||
Minor International PCL | 390,600 | 420,129 | ||||||
Nok Airlines PCL (a) | 829,200 | 282,856 | ||||||
PTT Exploration & Production PCL | 878,053 | 2,941,235 | ||||||
PTT PCL | 238,555 | 2,367,955 | ||||||
Raimon Land PCL (a) | 7,022,700 | 369,048 | ||||||
Siam Cement PCL NVDR | 104,800 | 1,648,974 | ||||||
Siam Commercial Bank PCL | 500,197 | 2,736,173 | ||||||
Siam Global House PCL | 305,091 | 87,196 | ||||||
SNC Former PCL | 84,000 | 39,754 | ||||||
Somboon Advance Technology PCL | 349,700 | 208,487 | ||||||
Srisawad Power 1979 PCL (a) | 502,700 | 602,498 | ||||||
SVI PCL | 2,045,100 | 282,820 | ||||||
Thai Beverage PCL | 2,098,000 | 1,170,059 | ||||||
Thai Oil PCL | 903,505 | 1,443,831 | ||||||
Thai Union Frozen Products PCL | 454,000 | 280,436 | ||||||
TMB Bank PCL | 4,195,900 | 384,259 | ||||||
True Corp. PCL NVDR (a)(b) | 2,230,500 | 856,830 | ||||||
35,994,802 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $644,171,358) | 734,808,613 | |||||||
Principal | ||||||||
Amount | Value | |||||||
CORPORATE BONDS & NOTES — 0.0% (f) | ||||||||
INDIA — 0.0% (f) | ||||||||
NTPC, Ltd. 8.49%, 3/25/2025 (Cost $0) | INR | 3,576,250 | 58,079 | |||||
Security Description | Shares | Value | ||||||
PREFERRED STOCKS — 0.0% (f) | ||||||||
INDIA — 0.0% (f) | ||||||||
Zee Entertainment Enterprises, Ltd. (a) (Cost $28,252) | 6,086,083 | 79,746 | ||||||
RIGHTS — 0.0% (f) | ||||||||
MALAYSIA — 0.0% (f) | ||||||||
KNM Group Bhd (expiring 4/13/15) (a) (Cost $0) | 245,000 | 9,923 | ||||||
WARRANTS — 0.0% (f) | ||||||||
MALAYSIA — 0.0% (f) | ||||||||
CB Industrial Product Holding Bhd (expiring 11/6/19) (a) | 55,233 | 7,159 | ||||||
Eastern & Oriental Bhd (expiring 7/21/19) (a) | 102,340 | 11,744 | ||||||
Inari Amertron Bhd (expiring 2/17/20) (a) | 24,462 | 9,643 | ||||||
28,546 | ||||||||
THAILAND — 0.0% (f) | ||||||||
Minor International PCL (expiring 11/3/17) (a) | 19,060 | 2,507 | ||||||
TOTAL WARRANTS — | ||||||||
(Cost $0) | 31,053 | |||||||
SHORT TERM INVESTMENTS — 6.0% | ||||||||
UNITED STATES — 6.0% | ||||||||
MONEY MARKET FUNDS — 6.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 41,876,836 | 41,876,836 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (h)(i) | 2,389,810 | 2,389,810 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $44,266,646) | 44,266,646 | |||||||
TOTAL INVESTMENTS — 105.8% | ||||||||
(Cost $688,466,256) | 779,254,060 | |||||||
OTHER ASSETS & LIABILITIES — (5.8)% | (42,495,246 | ) | ||||||
NET ASSETS — 100.0% | $ | 736,758,814 | ||||||
See accompanying notes to financial statements.
162
SPDR S&P Emerging Asia Pacific ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
(a) | Non-income producing security | |||||
(b) | A portion of the security was on loan at March 31, 2015. | |||||
(c) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees (see accompanying Notes to Schedules of Investments). | |||||
(d) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 1.1% of net assets as of March 31, 2015, are 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 Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is 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. |
ADR = American Depositary Receipt
ADS = American Depositary Shares
GDR = Global Depositary Receipt
INR = Indian Rupee
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
PDR = Philippine Depository Receipts
See accompanying notes to financial statements.
163
SPDR S&P Russia ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
RUSSIA — 99.2% | ||||||||
BANKS — 9.7% | ||||||||
Bank Otkritie Financial Corp. PJSC GDR (a)(b) | 2,731 | $ | 26,428 | |||||
Sberbank of Russia ADR (c) | 295,154 | 1,296,907 | ||||||
Sberbank of Russia ADR (c) | 162,327 | 709,369 | ||||||
VTB Bank OJSC GDR | 457,676 | 923,590 | ||||||
2,956,294 | ||||||||
CHEMICALS — 2.8% | ||||||||
PhosAgro OAO GDR | 15,146 | 171,150 | ||||||
Uralkali PJSC GDR | 50,815 | 678,380 | ||||||
849,530 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.7% | ||||||||
Rostelecom OJSC ADR (c) | 3,500 | 27,790 | ||||||
Rostelecom OJSC ADR (c) | 60,505 | 478,595 | ||||||
506,385 | ||||||||
ELECTRIC UTILITIES — 1.1% | ||||||||
RusHydro JSC ADR (c) | 333,465 | 322,794 | ||||||
RusHydro JSC ADR (c) | 1,612 | 1,548 | ||||||
324,342 | ||||||||
ENERGY EQUIPMENT & SERVICES — 1.0% | ||||||||
Eurasia Drilling Co., Ltd. GDR | 13,807 | 265,094 | ||||||
TMK OAO GDR | 18,315 | 54,945 | ||||||
320,039 | ||||||||
FOOD & STAPLES RETAILING — 8.6% | ||||||||
Lenta, Ltd. GDR (a) | 17,753 | 136,698 | ||||||
Magnit PJSC GDR | 39,998 | 2,041,898 | ||||||
O’Key Group SA GDR | 19,944 | 72,696 | ||||||
X5 Retail Group NV GDR (a) | 23,885 | 366,635 | ||||||
2,617,927 | ||||||||
HOUSEHOLD DURABLES — 1.5% | ||||||||
PIK Group GDR | 136,478 | 444,236 | ||||||
INTERNET SOFTWARE & SERVICES — 3.1% | ||||||||
Mail.ru Group, Ltd. GDR (a) | 17,895 | 355,574 | ||||||
Yandex NV (Class A) (a) | 39,625 | 600,913 | ||||||
956,487 | ||||||||
IT SERVICES — 0.6% | ||||||||
Luxoft Holding, Inc. (a) | 1,428 | 73,885 | ||||||
QIWI PLC ADR | 5,168 | 124,135 | ||||||
198,020 | ||||||||
MEDIA — 0.2% | ||||||||
CTC Media, Inc. | 16,450 | 65,142 | ||||||
METALS & MINING — 11.3% | ||||||||
Evraz PLC | 66,097 | 184,173 | ||||||
IRC, Ltd. (a) | 304,000 | 14,508 | ||||||
Magnitogorsk Iron & Steel Works GDR | 39,356 | 130,859 | ||||||
Mechel ADR (a) | 34,755 | 43,096 | ||||||
MMC Norilsk Nickel OJSC ADR | 80,388 | 1,428,093 | ||||||
Novolipetsk Steel OJSC GDR | 19,132 | 255,412 | ||||||
Polymetal International PLC | 34,998 | 299,258 | ||||||
Polyus Gold International, Ltd. | 134,372 | 373,019 | ||||||
Severstal PAO GDR | 46,061 | 517,265 | ||||||
United Co. RUSAL PLC (a) | 320,000 | 199,354 | ||||||
3,445,037 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 50.2% | ||||||||
Exillon Energy PLC (a) | 39,109 | 75,475 | ||||||
Gazprom Neft JSC ADR | 18,286 | 243,204 | ||||||
Gazprom OAO ADR | 991,126 | 4,711,813 | ||||||
Lukoil OAO ADR (c) | 80,411 | 3,724,637 | ||||||
Lukoil OAO ADR (c) | 15,760 | 723,857 | ||||||
NOVATEK OAO GDR | 17,234 | 1,292,550 | ||||||
Rosneft OAO GDR | 240,007 | 1,033,230 | ||||||
Surgutneftegas OAO ADR | 200,559 | 1,235,443 | ||||||
Surgutneftegas OAO ADR Preference Shares | 111,286 | 838,540 | ||||||
Tatneft OAO ADR | 46,875 | 1,396,406 | ||||||
15,275,155 | ||||||||
PHARMACEUTICALS — 0.2% | ||||||||
Pharmstandard OJSC GDR (a) | 13,858 | 58,619 | ||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.7% | ||||||||
Etalon Group, Ltd. GDR | 34,416 | 73,478 | ||||||
LSR Group OJSC GDR | 62,516 | 141,911 | ||||||
215,389 | ||||||||
ROAD & RAIL — 0.3% | ||||||||
Globaltrans Investment PLC GDR | 22,953 | 103,748 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 6.2% | ||||||||
MegaFon OAO GDR | 16,823 | 269,168 | ||||||
Mobile Telesystems OJSC ADR | 97,558 | 985,336 | ||||||
Sistema JSFC GDR | 39,907 | 295,312 | ||||||
VimpelCom, Ltd. ADR | 62,405 | 327,002 | ||||||
1,876,818 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $44,133,311) | 30,213,168 | |||||||
SHORT TERM INVESTMENT — 0.9% | ||||||||
UNITED STATES — 0.9% | ||||||||
MONEY MARKET FUND — 0.9% | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (d)(e) (Cost $278,913) | 278,913 | 278,913 | ||||||
TOTAL INVESTMENTS — 100.1% | ||||||||
(Cost $44,412,224) | 30,492,081 | |||||||
OTHER ASSETS & LIABILITIES — (0.1)% | (40,740 | ) | ||||||
NET ASSETS — 100.0% | $ | 30,451,341 | ||||||
(a) | Non-income producing security | |||||
(b) | Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs (Note 2). | |||||
(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) | The rate shown is the annualized seven-day yield at period end. |
See accompanying notes to financial statements.
164
SPDR S&P Russia ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
OJSC = Open Joint Stock Company
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
PJSC = Private Joint Stock Company
PLC = Public Limited Company
See accompanying notes to financial statements.
165
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
AEROSPACE & DEFENSE — 0.1% | ||||||||
AviChina Industry & Technology Co., Ltd. (Class H) | 2,060,000 | $ | 1,479,959 | |||||
AIR FREIGHT & LOGISTICS — 0.1% | ||||||||
Sinotrans, Ltd. (Class H) | 1,200,000 | 688,761 | ||||||
AIRLINES — 0.5% | ||||||||
Air China, Ltd. | 2,152,000 | 2,195,564 | ||||||
China Eastern Airlines Corp., Ltd. (a) | 2,042,000 | 1,298,465 | ||||||
China Southern Airlines Co., Ltd. (Class H) | 2,086,000 | 1,466,352 | ||||||
4,960,381 | ||||||||
AUTO COMPONENTS — 0.2% | ||||||||
Minth Group, Ltd. | 784,000 | 1,549,181 | ||||||
Xinyi Glass Holdings, Ltd. (b) | 1,810,000 | 1,118,257 | ||||||
2,667,438 | ||||||||
AUTOMOBILES — 2.2% | ||||||||
BAIC Motor Corp., Ltd. (Class H) (a)(c) | 547,500 | 683,576 | ||||||
Brilliance China Automotive Holdings, Ltd. | 2,250,000 | 4,335,713 | ||||||
BYD Co., Ltd. (b) | 542,000 | 2,789,328 | ||||||
Dongfeng Motor Group Co., Ltd. (Class H) | 3,201,300 | 5,136,582 | ||||||
Geely Automobile Holdings, Ltd. (b) | 4,045,000 | 2,081,703 | ||||||
Great Wall Motor Co., Ltd. (Class H) | 951,500 | 6,725,379 | ||||||
Guangzhou Automobile Group Co., Ltd. (Class H) | 2,682,637 | 2,567,398 | ||||||
24,319,679 | ||||||||
BANKS — 18.6% | ||||||||
Agricultural Bank of China, Ltd. (Class H) | 21,807,000 | 10,800,766 | ||||||
Bank of China, Ltd. (Class H) | 61,548,700 | 35,565,123 | ||||||
Bank of Chongqing Co., Ltd. (Class H) | 1,046,000 | 863,454 | ||||||
Bank of Communications Co., Ltd. (Class H) | 18,599,824 | 15,953,570 | ||||||
China CITIC Bank Corp., Ltd. (Class H) | 7,338,471 | 5,527,717 | ||||||
China Construction Bank Corp. (Class H) | 75,805,623 | 62,967,247 | ||||||
China Merchants Bank Co., Ltd. (Class H) | 4,262,235 | 10,412,255 | ||||||
China Minsheng Banking Corp., Ltd. (Class H) (b) | 5,873,300 | 7,173,970 | ||||||
Chongqing Rural Commercial Bank Co., Ltd. (Class H) | 1,614,000 | 1,047,126 | ||||||
Huishang Bank Corp., Ltd. (Class H) (b) | 6,428,700 | 2,893,850 | ||||||
Industrial & Commercial Bank of China, Ltd. (Class H) | 73,529,789 | 54,248,379 | ||||||
207,453,457 | ||||||||
BEVERAGES — 0.2% | ||||||||
Tibet 5100 Water Resources Holdings, Ltd. (b) | 2,077,000 | 656,342 | ||||||
Tsingtao Brewery Co., Ltd. (Class H) | 259,000 | 1,735,452 | ||||||
2,391,794 | ||||||||
BUILDING PRODUCTS — 0.0% (d) | ||||||||
China Lesso Group Holdings, Ltd. | 548,000 | 324,430 | ||||||
CAPITAL MARKETS — 1.3% | ||||||||
Central China Securities Co., Ltd. (Class H) (a) | 552,000 | 516,896 | ||||||
China Cinda Asset Management Co., Ltd. (Class H) (a) | 10,666,400 | 5,282,950 | ||||||
China Everbright, Ltd. | 780,000 | 2,032,233 | ||||||
China Financial International Investments, Ltd. (a)(b) | 5,010,000 | 568,654 | ||||||
CITIC Securities Co., Ltd. (Class H) (b) | 804,000 | 2,981,407 | ||||||
Guotai Junan International Holdings, Ltd. (b) | 860,000 | 765,376 | ||||||
Haitong Securities Co., Ltd. (Class H) (b) | 1,092,000 | 2,659,206 | ||||||
Shenyin Wanguo HK, Ltd. (b) | 70,000 | 56,429 | ||||||
14,863,151 | ||||||||
CHEMICALS — 0.5% | ||||||||
China Bluechemical, Ltd. (Class H) | 2,632,000 | 1,004,859 | ||||||
China Lumena New Materials Corp. (a)(b)(e) | 3,654,548 | 0 | ||||||
Huabao International Holdings, Ltd. (b) | 1,789,000 | 1,331,415 | ||||||
Sinopec Oilfield Service Corp. (Class H) (a)(b) | 1,902,000 | 831,644 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. (Class H) | 4,165,999 | 1,552,903 | ||||||
Yingde Gases Group Co., Ltd. (b) | 1,449,000 | 1,080,249 | ||||||
5,801,070 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.3% | ||||||||
China Everbright International, Ltd. | 2,141,000 | 3,584,419 | ||||||
COMMUNICATIONS EQUIPMENT — 0.6% | ||||||||
BYD Electronic International Co., Ltd. | 727,000 | 918,942 | ||||||
China All Access Holdings, Ltd. (b) | 2,690,000 | 1,006,185 | ||||||
China Fiber Optic Network System Group, Ltd. | 1,112,000 | 301,198 | ||||||
Comba Telecom Systems Holdings, Ltd. | 1,241,300 | 371,443 | ||||||
SIM Technology Group, Ltd. (a) | 5,350,000 | 276,020 | ||||||
Suncorp Technologies, Ltd. (a) | 8,250,000 | 734,227 | ||||||
Synertone Communication Corp. (b) | 4,930,100 | 349,740 | ||||||
Yangtze Optical Fibre and Cable Joint Stock, Ltd. Co. (Class H) (a)(c) | 402,500 | 368,597 | ||||||
ZTE Corp. (Class H) | 805,798 | 1,847,929 | ||||||
6,174,281 | ||||||||
CONSTRUCTION & ENGINEERING — 1.7% | ||||||||
China Communications Construction Co., Ltd. (Class H) | 4,022,394 | 5,665,453 |
See accompanying notes to financial statements.
166
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
China Machinery Engineering Corp. (Class H) | 695,000 | $ | 702,794 | |||||
China Railway Construction Corp., Ltd. (Class H) | 1,812,875 | 2,707,721 | ||||||
China Railway Group, Ltd. (Class H) | 3,679,000 | 3,767,712 | ||||||
China Singyes Solar Technologies Holdings, Ltd. (b) | 381,000 | 520,905 | ||||||
China State Construction International Holdings, Ltd. | 2,140,000 | 2,981,020 | ||||||
Concord New Energy Group, Ltd. (a)(b) | 5,350,000 | 372,628 | ||||||
Metallurgical Corp. of China, Ltd. | 3,049,000 | 1,120,804 | ||||||
Sinopec Engineering Group Co., Ltd. (Class H) | 1,423,000 | 1,233,393 | ||||||
19,072,430 | ||||||||
CONSTRUCTION MATERIALS — 1.1% | ||||||||
Anhui Conch Cement Co., Ltd. (Class H) (b) | 1,400,500 | 5,301,743 | ||||||
BBMG Corp. (Class H) | 922,000 | 850,285 | ||||||
China National Building Material Co., Ltd. (Class H) (b) | 3,742,000 | 3,726,048 | ||||||
China Resources Cement Holdings, Ltd. | 1,001,163 | 566,887 | ||||||
China Shanshui Cement Group, Ltd. (b) | 1,968,000 | 1,370,712 | ||||||
Dongpeng Holdings Co., Ltd. | 770,000 | 297,947 | ||||||
12,113,622 | ||||||||
CONSUMER FINANCE — 0.1% | ||||||||
China Financial Services Holdings, Ltd. | 3,880,000 | 300,269 | ||||||
Credit China Holdings, Ltd. | 2,232,000 | 463,498 | ||||||
763,767 | ||||||||
CONTAINERS & PACKAGING — 0.0% (d) | ||||||||
Greatview Aseptic Packaging Co., Ltd. | 692,000 | 358,806 | ||||||
DISTRIBUTORS — 0.0% (d) | ||||||||
Xinhua Winshare Publishing and Media Co., Ltd. (Class H) | 324,000 | 315,932 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.5% | ||||||||
New Oriental Education & Technology Group, Inc. ADR (a) | 149,682 | 3,318,450 | ||||||
TAL Education Group ADR (a)(b) | 59,139 | 1,964,597 | ||||||
5,283,047 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 0.1% | ||||||||
Far East Horizon, Ltd. | 1,356,000 | 1,240,033 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.6% | ||||||||
China Communications Services Corp., Ltd. (Class H) | 2,291,600 | 1,016,775 | ||||||
China Telecom Corp., Ltd. (Class H) | 14,104,951 | 9,041,810 | ||||||
China Unicom (Hong Kong), Ltd. | 4,791,805 | 7,293,039 | ||||||
Citic Telecom International Holdings, Ltd. | 1,724,000 | 620,396 | ||||||
17,972,020 | ||||||||
ELECTRICAL EQUIPMENT — 0.8% | ||||||||
Boer Power Holdings, Ltd. | 207,000 | 308,642 | ||||||
China High Speed Transmission Equipment Group Co., Ltd. (a) | 1,446,000 | 999,679 | ||||||
Shanghai Electric Group Co., Ltd. (Class H) | 2,990,000 | 1,974,552 | ||||||
Tech Pro Technology Development, Ltd. (a)(b) | 2,157,599 | 1,742,098 | ||||||
Xinjiang Goldwind Science & Technology Co., Ltd. (Class H) | 398,400 | 749,211 | ||||||
Zhuzhou CSR Times Electric Co., Ltd. (Class H) | 535,000 | 3,512,360 | ||||||
9,286,542 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 1.1% | ||||||||
AAC Technologies Holdings, Inc. (b) | 800,245 | 4,938,924 | ||||||
Anxin-China Holdings, Ltd. (b) | 3,068,000 | 152,350 | ||||||
Avic International Holdings, Ltd. (a) | 774,030 | 583,040 | ||||||
Digital China Holdings, Ltd. | 1,051,000 | 1,146,834 | ||||||
Ju Teng International Holdings, Ltd. | 1,088,000 | 634,300 | ||||||
Kingboard Chemical Holdings, Ltd. | 878,499 | 1,391,448 | ||||||
Shijiazhuang Baoshi Electronic Glass Co. Ltd. (Class B) (a) | 2,444,400 | 2,128,156 | ||||||
Sunny Optical Technology Group Co., Ltd. (b) | 496,000 | 902,045 | ||||||
Wasion Group Holdings, Ltd. | 546,000 | 660,576 | ||||||
12,537,673 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.3% | ||||||||
Anton Oilfield Services Group (b) | 1,044,000 | 179,093 | ||||||
China Oilfield Services, Ltd. (Class H) (b) | 1,571,900 | 2,615,424 | ||||||
Hilong Holding, Ltd. (b) | 745,000 | 180,651 | ||||||
Honghua Group, Ltd. (b) | 1,458,000 | 169,250 | ||||||
3,144,418 | ||||||||
FOOD & STAPLES RETAILING — 0.4% | ||||||||
China Resources Enterprise, Ltd. | 1,309,854 | 2,567,994 | ||||||
Sun Art Retail Group, Ltd. (b) | 1,901,000 | 1,655,058 | ||||||
Wumart Stores, Inc. (Class H) (b) | 533,000 | 386,359 | ||||||
4,609,411 | ||||||||
FOOD PRODUCTS — 2.7% | ||||||||
Biostime International Holdings, Ltd. (b) | 199,000 | 834,188 | ||||||
China Agri-Industries Holdings, Ltd. | 2,309,600 | 893,687 | ||||||
China Huishan Dairy Holdings Co., Ltd. (b) | 3,865,000 | 687,949 | ||||||
China Huiyuan Juice Group, Ltd. (a) | 1,037,000 | 346,422 | ||||||
China Mengniu Dairy Co., Ltd. | 1,332,110 | 7,078,883 | ||||||
China Milk Products Group, Ltd. (a)(f) | 15,000 | 0 | ||||||
China Modern Dairy Holdings, Ltd. (a)(b) | 2,866,000 | 953,725 | ||||||
China Yurun Food Group, Ltd. (a)(b) | 1,576,000 | 459,401 |
See accompanying notes to financial statements.
167
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
CP Pokphand Co. | 4,708,000 | $ | 546,520 | |||||
Imperial Pacific International Holdings, Ltd. (a)(b) | 2,551,300 | 447,536 | ||||||
Shenguan Holdings Group, Ltd. (b) | 2,084,000 | 637,050 | ||||||
Tingyi Cayman Islands Holding Corp. | 2,133,844 | 4,590,776 | ||||||
Uni-President China Holdings, Ltd. (b) | 1,401,400 | 927,272 | ||||||
Want Want China Holdings, Ltd. (b) | 7,052,933 | 7,486,813 | ||||||
WH Group, Ltd. (a)(c) | 5,951,606 | 3,385,324 | ||||||
YuanShengTai Dairy Farm, Ltd. (a)(b) | 2,625,000 | 304,719 | ||||||
29,580,265 | ||||||||
GAS UTILITIES — 0.7% | ||||||||
China Gas Holdings, Ltd. | 2,404,000 | 3,937,908 | ||||||
China Oil and Gas Group, Ltd. | 2,760,000 | 338,190 | ||||||
China Resources Gas Group, Ltd. | 960,000 | 2,984,116 | ||||||
7,260,214 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.4% | ||||||||
Mindray Medical International, Ltd. ADR (b) | 104,188 | 2,849,542 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. (b) | 2,080,000 | 1,832,363 | ||||||
4,681,905 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 0.6% | ||||||||
Phoenix Healthcare Group Co., Ltd. (b) | 503,000 | 890,122 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. (Class H) | 846,300 | 2,248,635 | ||||||
Sinopharm Group Co., Ltd. (Class H) | 835,600 | 3,411,140 | ||||||
6,549,897 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.3% | ||||||||
Ajisen China Holdings, Ltd. | 524,000 | 301,435 | ||||||
China Lodging Group, Ltd. ADR (a)(b) | 26,100 | 514,170 | ||||||
China Travel International Investment Hong Kong, Ltd. | 3,684,000 | 1,197,423 | ||||||
Homeinns Hotel Group ADR (a) | 21,452 | 507,769 | ||||||
REXLot Holdings, Ltd. (b) | 6,402,210 | 478,945 | ||||||
Shanghai Jin Jiang International Hotels Group Co., Ltd. (Class H) | 1,596,187 | 514,696 | ||||||
3,514,438 | ||||||||
HOUSEHOLD DURABLES — 0.5% | ||||||||
Haier Electronics Group Co., Ltd. | 1,204,000 | 3,152,462 | ||||||
Hisense Kelon Electrical Holdings Co., Ltd. (Class H) (a) | 379,000 | 327,034 | ||||||
Skyworth Digital Holdings, Ltd. | 2,089,655 | 1,644,114 | ||||||
5,123,610 | ||||||||
HOUSEHOLD PRODUCTS — 0.1% | ||||||||
NVC Lighting Holdings, Ltd. (f) | 2,237,000 | 507,816 | ||||||
Vinda International Holdings, Ltd. | 519,000 | 847,478 | ||||||
1,355,294 | ||||||||
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 2.0% | ||||||||
Beijing Jingneng Clean Energy Co., Ltd. (Class H) | 1,532,000 | 648,127 | ||||||
CGN Power Co., Ltd. (Class H) (a)(c) | 7,075,000 | 3,047,897 | ||||||
China Datang Corp. Renewable Power Co., Ltd. (b) | 2,513,000 | 385,715 | ||||||
China Longyuan Power Group Corp. (Class H) | 2,753,000 | 2,993,376 | ||||||
China Power International Development, Ltd. (b) | 3,040,000 | 1,591,941 | ||||||
China Resources Power Holdings Co., Ltd. | 1,866,112 | 4,683,904 | ||||||
Datang International Power Generation Co., Ltd. (Class H) | 3,766,287 | 1,928,552 | ||||||
Huadian Fuxin Energy Corp., Ltd. (Class H) | 2,178,000 | 1,067,502 | ||||||
Huadian Power International Co., Ltd. (Class H) | 1,338,000 | 1,113,123 | ||||||
Huaneng Power International, Inc. (Class H) | 3,468,129 | 4,106,439 | ||||||
Huaneng Renewables Corp., Ltd. (Class H) | 3,260,000 | 1,181,548 | ||||||
22,748,124 | ||||||||
INDUSTRIAL CONGLOMERATES — 1.4% | ||||||||
Beijing Enterprises Holdings, Ltd. | 600,500 | 4,724,657 | ||||||
CITIC, Ltd. | 4,923,000 | 8,432,480 | ||||||
Shanghai Industrial Holdings, Ltd. | 784,000 | 2,416,804 | ||||||
15,573,941 | ||||||||
INSURANCE — 7.1% | ||||||||
China Life Insurance Co., Ltd. (Class H) | 6,659,040 | 29,159,416 | ||||||
China Pacific Insurance Group Co., Ltd. (Class H) | 1,748,600 | 8,322,317 | ||||||
China Taiping Insurance Holdings Co., Ltd. (a) | 1,005,291 | 3,429,611 | ||||||
CNinsure Inc, ADR (a) | 34,800 | 300,324 | ||||||
New China Life Insurance Co., Ltd. (Class H) | 418,800 | 2,338,955 | ||||||
People’s Insurance Co. Group of China, Ltd. (Class H) | 6,023,000 | 3,060,811 | ||||||
PICC Property & Casualty Co., Ltd. (Class H) | 4,258,858 | 8,415,489 | ||||||
Ping An Insurance Group Co. of China, Ltd. (Class H) | 2,058,300 | 24,742,980 | ||||||
79,769,903 | ||||||||
INTERNET & CATALOG RETAIL — 2.2% | ||||||||
Ctrip.com International, Ltd. ADR (a) | 128,907 | 7,556,528 | ||||||
E-Commerce China Dangdang, Inc. (Class A) ADR (a)(b) | 73,188 | 698,945 | ||||||
JD.com, Inc. ADR (a) | 251,800 | 7,397,884 | ||||||
Qunar Cayman Islands, Ltd. ADR (a) | 10,108 | 416,955 | ||||||
Vipshop Holdings, Ltd. ADS (a) | 266,817 | 7,855,093 | ||||||
23,925,405 | ||||||||
See accompanying notes to financial statements.
168
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
INTERNET SOFTWARE & SERVICES — 17.4% | ||||||||
21Vianet Group, Inc. ADR (a) | 58,097 | $ | 1,025,993 | |||||
58.com Inc, ADR (a) | 17,789 | 940,682 | ||||||
Alibaba Group Holding, Ltd. ADR (a)(b) | 323,900 | 26,961,436 | ||||||
Autohome, Inc, ADR (a)(b) | 15,847 | 696,793 | ||||||
Baidu, Inc. ADR (a) | 248,909 | 51,872,636 | ||||||
Bitauto Holdings, Ltd. ADR (a) | 26,200 | 1,333,056 | ||||||
Leju Holdings, Ltd. ADR (a)(b) | 3,909 | 31,116 | ||||||
NetEase, Inc. ADR | 71,524 | 7,531,477 | ||||||
Phoenix New Media, Ltd. ADR (a) | 54,826 | 310,863 | ||||||
Qihoo 360 Technology Co., Ltd. ADR (a) | 76,683 | 3,926,170 | ||||||
Sina Corp. (a)(b) | 76,084 | 2,446,861 | ||||||
Sohu.com, Inc. (a) | 37,592 | 2,004,781 | ||||||
SouFun Holdings, Ltd. ADR | 169,935 | 1,019,610 | ||||||
Tencent Holdings, Ltd. | 4,832,915 | 91,758,094 | ||||||
Youku Tudou, Inc. ADR (a)(b) | 128,959 | 1,611,988 | ||||||
YY, Inc. ADR (a)(b) | 24,599 | 1,341,998 | ||||||
194,813,554 | ||||||||
IT SERVICES — 0.3% | ||||||||
AGTech Holdings Ltd. (a)(b) | 1,904,000 | 208,744 | ||||||
Chinasoft International, Ltd. (a) | 838,000 | 342,634 | ||||||
Hi Sun Technology China, Ltd. (a) | 1,836,000 | 663,068 | ||||||
Travelsky Technology, Ltd. (b) | 1,484,000 | 1,709,278 | ||||||
2,923,724 | ||||||||
MACHINERY — 1.5% | ||||||||
China CNR Corp., Ltd. (Class H) (a)(c) | 1,545,000 | 2,219,939 | ||||||
China Conch Venture Holdings, Ltd. | 577,500 | 1,236,481 | ||||||
China International Marine Containers Group Co., Ltd. (Class H) | 717,100 | 1,561,276 | ||||||
China Rongsheng Heavy Industries Group Holdings, Ltd. (a)(b) | 3,236,000 | 283,821 | ||||||
CIMC Enric Holdings, Ltd. (b) | 784,000 | 764,479 | ||||||
CSR Corp., Ltd. (Class H) (b) | 1,745,000 | 2,304,745 | ||||||
Haitian International Holdings, Ltd. | 795,000 | 1,825,217 | ||||||
Lonking Holdings, Ltd. | 3,279,000 | 668,230 | ||||||
Weichai Power Co., Ltd. | 669,920 | 2,583,578 | ||||||
Yangzijiang Shipbuilding Holdings, Ltd. (b) | 3,040,000 | 2,803,528 | ||||||
Zoomlion Heavy Industry Science and Technology Co., Ltd. (Class H) (b) | 1,274,000 | 879,125 | ||||||
17,130,419 | ||||||||
MARINE — 0.4% | ||||||||
China COSCO Holdings Co., Ltd. (a)(b) | 3,161,175 | 1,663,551 | ||||||
China Shipping Container Lines Co., Ltd. (a)(b) | 4,703,500 | 1,492,395 | ||||||
China Shipping Development Co., Ltd. (a) | 1,533,800 | 1,119,728 | ||||||
4,275,674 | ||||||||
MEDIA — 0.2% | ||||||||
Alibaba Pictures Group, Ltd. (a)(b)(f) | 5,400,000 | 1,991,990 | ||||||
Poly Culture Group Corp., Ltd. (Class H) (a) | 137,400 | 419,127 | ||||||
2,411,117 | ||||||||
METALS & MINING — 1.2% | ||||||||
Aluminum Corp. of China, Ltd. (Class H) (a)(b) | 4,300,000 | 2,129,742 | ||||||
Angang Steel Co., Ltd. (b) | 1,337,720 | 985,210 | ||||||
China Metal Recycling Holdings, Ltd. (a)(b)(e) | 468,600 | 0 | ||||||
China Molybdenum Co., Ltd. (b) | 1,518,000 | 1,072,951 | ||||||
China Precious Metal Resources Holdings Co., Ltd. (a) | 5,002,000 | 412,906 | ||||||
China Zhongwang Holdings, Ltd. (b) | 1,195,200 | 534,931 | ||||||
Jiangxi Copper Co., Ltd. (Class H) | 1,608,000 | 2,990,740 | ||||||
Maanshan Iron & Steel (a)(b) | 2,340,000 | 673,051 | ||||||
MMG, Ltd. | 1,492,000 | 490,723 | ||||||
North Mining Shares Co., Ltd. (a) | 11,320,000 | 525,625 | ||||||
Shougang Fushan Resources Group, Ltd. | 3,840,000 | 782,557 | ||||||
Zhaojin Mining Industry Co., Ltd. (Class H) (b) | 1,304,000 | 696,314 | ||||||
Zijin Mining Group Co., Ltd. (Class H) (b) | 7,508,750 | 2,382,485 | ||||||
13,677,235 | ||||||||
MULTILINE RETAIL — 0.2% | ||||||||
Golden Eagle Retail Group, Ltd. (b) | 886,120 | 1,080,070 | ||||||
Intime Retail Group Co., Ltd. | 989,500 | 687,910 | ||||||
Parkson Retail Group, Ltd. (b) | 2,099,000 | 454,830 | ||||||
2,222,810 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 7.0% | ||||||||
China Coal Energy Co., Ltd. (Class H) (b) | 4,024,013 | 2,221,419 | ||||||
China Petroleum & Chemical Corp. (Class H) | 23,112,640 | 18,393,405 | ||||||
China Shenhua Energy Co., Ltd. (Class H) | 3,132,200 | 7,999,118 | ||||||
China Suntien Green Energy Corp., Ltd. (Class H) | 1,290,000 | 312,806 | ||||||
CNOOC, Ltd. | 14,784,174 | 20,899,459 | ||||||
Inner Mongolia Yitai Coal Co., Ltd. (b) | 604,600 | 594,224 | ||||||
Kunlun Energy Co., Ltd. (b) | 3,209,400 | 3,117,068 | ||||||
Newocean Energy Holdings, Ltd. (b) | 1,090,000 | 538,459 | ||||||
PetroChina Co., Ltd. (Class H) | 18,664,930 | 20,655,755 | ||||||
Sinopec Kantons Holdings, Ltd. (b) | 1,324,000 | 958,028 | ||||||
United Energy Group, Ltd. (a) | 3,392,000 | 472,506 | ||||||
Yanzhou Coal Mining Co., Ltd. (Class H) (b) | 1,803,900 | 1,542,600 | ||||||
77,704,847 | ||||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||||
Lee & Man Paper Manufacturing, Ltd. (b) | 2,494,000 | 1,206,299 | ||||||
Nine Dragons Paper Holdings, Ltd. | 2,159,000 | 1,350,585 | ||||||
2,556,884 | ||||||||
See accompanying notes to financial statements.
169
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
PERSONAL PRODUCTS — 0.9% | ||||||||
Hengan International Group Co., Ltd. | 798,500 | $ | 9,588,530 | |||||
PHARMACEUTICALS — 1.9% | ||||||||
China Animal Healthcare, Ltd. (b) | 763,600 | 512,149 | ||||||
China Medical System Holdings, Ltd. | 1,076,000 | 1,654,306 | ||||||
China Pharmaceutical Group, Ltd. | 2,154,000 | 1,822,540 | ||||||
China Shineway Pharmaceutical Group, Ltd. | 382,000 | 580,412 | ||||||
Consun Pharmaceutical Group, Ltd. | 743,000 | 516,541 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. | 262,000 | 902,277 | ||||||
Hua Han Bio-Pharmaceutical Holdings, Ltd. (Class H) | 2,765,600 | 659,916 | ||||||
Lijun International Pharmaceutical Holding Co., Ltd. | 2,288,000 | 1,000,422 | ||||||
Luye Pharma Group, Ltd. (a) | 1,482,500 | 1,791,685 | ||||||
Shandong Luoxin Pharmaceutical Group Stock Co., Ltd. (Class H) | 162,000 | 307,992 | ||||||
Shanghai Fosun Pharmaceutical Group Co., Ltd. (Class H) | 263,000 | 876,887 | ||||||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. (Class H) (a) | 691,000 | 663,990 | ||||||
Sihuan Pharmaceutical Holdings Group, Ltd. (b) | 4,950,000 | 2,815,602 | ||||||
Sino Biopharmaceutical, Ltd. | 3,212,000 | 3,252,165 | ||||||
Tong Ren Tang Technologies Co., Ltd. (Class H) (b) | 492,000 | 723,432 | ||||||
United Laboratories International Holdings, Ltd. (a) | 216,000 | 101,132 | ||||||
WuXi PharmaTech Cayman, Inc. ADR (a) | 80,869 | 3,136,100 | ||||||
21,317,548 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 4.8% | ||||||||
Agile Property Holdings, Ltd. | 1,788,747 | 1,075,133 | ||||||
Carnival Group International Holdings, Ltd. (a)(b) | 8,990,000 | 1,576,979 | ||||||
China Overseas Land & Investment, Ltd. | 3,879,862 | 12,535,782 | ||||||
China Resources Land, Ltd. | 2,272,555 | 6,419,274 | ||||||
China South City Holdings, Ltd. (b) | 2,926,000 | 958,596 | ||||||
China Vanke Co., Ltd. (Class H) (a)(b) | 1,377,864 | 3,270,029 | ||||||
Colour Life Services Group Co., Ltd. (a) | 345,000 | 359,994 | ||||||
Country Garden Holdings Co., Ltd. | 7,336,500 | 2,961,834 | ||||||
Dalian Wanda Commercial Properties Co., Ltd. (Class H) (a)(c) | 161,900 | 1,002,341 | ||||||
E-House China Holdings, Ltd. ADR | 80,055 | 434,699 | ||||||
Evergrande Real Estate Group, Ltd. (b) | 4,860,000 | 2,450,984 | ||||||
Franshion Properties China, Ltd. | 2,052,000 | 621,975 | ||||||
Greentown China Holdings, Ltd. (b) | 547,000 | 491,048 | ||||||
Guangzhou R&F Properties Co., Ltd. (Class H) (b) | 1,291,024 | 1,323,820 | ||||||
Hopson Development Holdings, Ltd. (a)(b) | 540,000 | 390,040 | ||||||
Hydoo International Holding Ltd. (b) | 1,558,000 | 279,325 | ||||||
Kaisa Group Holdings, Ltd. | 1,436,000 | 288,939 | ||||||
KWG Property Holding, Ltd. | 1,059,592 | 751,673 | ||||||
Longfor Properties Co., Ltd. | 1,126,500 | 1,595,368 | ||||||
Poly Property Group Co., Ltd. (b) | 1,699,000 | 826,156 | ||||||
Renhe Commercial Holdings Co., Ltd. (a)(b) | 12,753,000 | 600,389 | ||||||
Shenzhen Investment, Ltd. | 2,289,432 | 847,495 | ||||||
Shimao Property Holdings, Ltd. | 1,376,941 | 2,894,878 | ||||||
Shui On Land, Ltd. (b) | 4,399,500 | 1,038,441 | ||||||
Sino-Ocean Land Holdings, Ltd. | 5,215,712 | 3,155,105 | ||||||
Soho China, Ltd. | 1,353,500 | 921,764 | ||||||
Sunac China Holdings, Ltd. | 1,534,300 | 1,331,842 | ||||||
Yanlord Land Group, Ltd. (b) | 956,000 | 683,006 | ||||||
Yuexiu Property Co., Ltd. (b) | 8,158,000 | 1,599,391 | ||||||
Yuzhou Properties Co. (b) | 3,646,840 | 865,490 | ||||||
53,551,790 | ||||||||
ROAD & RAIL — 0.2% | ||||||||
CAR, Inc. (a)(b) | 689,000 | 1,306,363 | ||||||
Guangshen Railway Co., Ltd. | 2,442,000 | 1,133,902 | ||||||
2,440,265 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 2.2% | ||||||||
China Jinhai International Group, Ltd. (a) | 2,961,000 | 101,207 | ||||||
GCL Poly Energy Holdings, Ltd. (a)(b) | 9,779,000 | 2,585,686 | ||||||
Hanergy Thin Film Power Group, Ltd. (a)(b) | 17,579,100 | 15,826,303 | ||||||
JinkoSolar Holding Co., Ltd. ADR (a)(b) | 19,930 | 511,005 | ||||||
ReneSola, Ltd. ADR (a)(b) | 83,740 | 123,098 | ||||||
Semiconductor Manufacturing International Corp. (a) | 28,116,000 | 2,719,833 | ||||||
Shunfeng International Clean Energy, Ltd. (a) | 734,000 | 552,887 | ||||||
Trina Solar, Ltd. ADR (a)(b) | 79,734 | 963,984 | ||||||
Xinyi Solar Holdings, Ltd. (b) | 3,458,000 | 1,074,903 | ||||||
Yingli Green Energy Holding Co., Ltd. ADR (a)(b) | 117,852 | 218,026 | ||||||
24,676,932 | ||||||||
SOFTWARE — 0.6% | ||||||||
BAIOO Family Interactive, Ltd. (a)(c) | 1,094,000 | 145,339 | ||||||
Boyaa Interactive International, Ltd. (b) | 410,000 | 342,678 | ||||||
Cheetah Mobile, Inc. ADR (a)(b) | 21,241 | 363,009 | ||||||
Kingdee International Software Group Co., Ltd. (a)(b) | 1,328,000 | 556,684 | ||||||
Kingsoft Corp., Ltd. (b) | 782,000 | 2,294,645 | ||||||
NetDragon Websoft, Inc. (b) | 308,500 | 677,239 | ||||||
NQ Mobile, Inc. ADR (a)(b) | 39,433 | 147,085 | ||||||
Perfect World Co., Ltd. ADR | 48,270 | 896,857 | ||||||
Shanda Games, Ltd. ADR (a) | 123,600 | 791,040 |
See accompanying notes to financial statements.
170
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
V1 Group, Ltd. (a)(b) | 2,326,000 | $ | 183,007 | |||||
6,397,583 | ||||||||
SPECIALTY RETAIL — 0.3% | ||||||||
Baoxin Auto Group, Ltd. (b) | 894,000 | 484,300 | ||||||
GOME Electrical Appliances Holding, Ltd. (b) | 9,685,279 | 1,399,128 | ||||||
Hengdeli Holdings, Ltd. (b) | 3,804,895 | 706,696 | ||||||
Zhongsheng Group Holdings, Ltd. | 771,000 | 512,140 | ||||||
3,102,264 | ||||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.9% | ||||||||
Coolpad Group, Ltd. | 3,072,000 | 534,912 | ||||||
Lenovo Group, Ltd. (b) | 6,174,000 | 9,014,476 | ||||||
TCL Communication Technology Holdings, Ltd. (b) | 524,000 | 528,525 | ||||||
10,077,913 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.0% | ||||||||
Anta Sports Products, Ltd. | 770,000 | 1,408,297 | ||||||
Belle International Holdings, Ltd. | 4,666,000 | 5,434,504 | ||||||
Bosideng International Holdings, Ltd. (b) | 4,734,000 | 506,797 | ||||||
China Dongxiang Group Co. | 5,815,000 | 1,050,038 | ||||||
Cosmo Lady China Holdings Co., Ltd. (a)(c) | 439,000 | 310,860 | ||||||
Li Ning Co., Ltd. (a)(b) | 1,862,207 | 1,056,837 | ||||||
Shenzhou International Group Holdings, Ltd. | 391,000 | 1,765,112 | ||||||
11,532,445 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.0% (d) | ||||||||
Citic Resources Holdings, Ltd. (a) | 2,598,000 | 361,901 | ||||||
TRANSPORTATION INFRASTRUCTURE — 1.8% | ||||||||
Anhui Expressway Co., Ltd. (Class H) | 1,632,000 | 1,134,583 | ||||||
Beijing Capital International Airport Co., Ltd. | 1,883,939 | 1,837,029 | ||||||
China Merchants Holdings International Co., Ltd. | 1,333,828 | 5,221,388 | ||||||
Cosco International Holdings, Ltd. | 916,000 | 426,511 | ||||||
COSCO Pacific, Ltd. | 2,405,308 | 3,152,041 | ||||||
Dalian Port PDA Co., Ltd. (Class H) | 796,000 | 334,702 | ||||||
Jiangsu Expressway Co., Ltd. (Class H) | 1,878,795 | 2,525,076 | ||||||
Shenzhen Expressway Co., Ltd. (Class H) | 1,046,000 | 817,583 | ||||||
Shenzhen International Holdings Ltd. | 831,295 | 1,254,494 | ||||||
Xiamen International Port Co., Ltd. (Class H) | 1,199,000 | 340,227 | ||||||
Zhejiang Expressway Co., Ltd. (Class H) | 1,880,000 | 2,492,748 | ||||||
19,536,382 | ||||||||
WATER UTILITIES — 0.7% | ||||||||
Beijing Enterprises Water Group, Ltd. (a) | 4,816,000 | 3,279,803 | ||||||
CT Environmental Group, Ltd. (b) | 237,100 | 255,662 | ||||||
Guangdong Investment, Ltd. | 3,204,000 | 4,198,688 | ||||||
Kangda International Environmental Co., Ltd. (a)(b)(c) | 1,118,000 | 491,727 | ||||||
8,225,880 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 5.9% | ||||||||
China Mobile, Ltd. | 5,042,504 | 65,819,439 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,015,395,608) | 1,115,834,653 | |||||||
SHORT TERM INVESTMENTS — 9.4% | ||||||||
UNITED STATES — 9.4% | ||||||||
MONEY MARKET FUNDS — 9.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 103,521,859 | 103,521,859 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (h)(i) | 1,658,261 | 1,658,261 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $105,180,120) | 105,180,120 | |||||||
TOTAL INVESTMENTS — 109.3% | ||||||||
(Cost $1,120,575,728) | 1,221,014,773 | |||||||
OTHER ASSETS & LIABILITIES — (9.3)% | (103,496,297 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,117,518,476 | ||||||
(a) | Non-income producing security | |||||
(b) | A portion of the security was on loan at March 31, 2015. | |||||
(c) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 1.0% of net assets as of March 31, 2015, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(d) | Amount shown represents less than 0.05% of net assets. | |||||
(e) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs (Note 2). | |||||
(f) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 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
ADS = American Depositary Shares
See accompanying notes to financial statements.
171
SPDR S&P China ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
GEOGRAPHICAL BREAKDOWN AS OF
MARCH 31, 2015
MARCH 31, 2015
PERCENT OF | ||||
COUNTRY | NET ASSETS | |||
China | 75.0 | % | ||
Hong Kong | 24.9 | |||
United States Short Term Investments | 9.4 | |||
Other Assets & Liabilities | (9.3 | ) | ||
Total | 100.0 | % | ||
See accompanying notes to financial statements.
172
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SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 97.8% | ||||||||
BRAZIL — 7.1% | ||||||||
All America Latina Logistica SA | 11,443 | $ | 14,214 | |||||
Ambev SA ADR (a) | 222,716 | 1,282,844 | ||||||
Banco Bradesco SA Preference Shares ADR | 167,921 | 1,558,305 | ||||||
Banco do Brasil SA | 41,223 | 295,491 | ||||||
Banco Santander Brasil SA | 1,074 | 4,728 | ||||||
BB Seguridade Participacoes SA | 27,339 | 280,567 | ||||||
BM&FBovespa SA | 87,480 | 305,459 | ||||||
BR Malls Participacoes SA | 32,215 | 170,746 | ||||||
Bradespar SA Preference Shares | 22,775 | 75,463 | ||||||
Brasil Brokers Participacoes SA | 8,834 | 7,546 | ||||||
Braskem SA Preference Shares ADR (a) | 8,807 | 61,121 | ||||||
BRF — Brasil Foods SA ADR | 25,066 | 495,806 | ||||||
CCR SA | 24,571 | 125,311 | ||||||
Centrais Eletricas Brasileiras SA ADR (a) | 28,219 | 51,076 | ||||||
Cia Hering | 2,228 | 11,432 | ||||||
Cielo SA | 16,262 | 232,474 | ||||||
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares ADR | 11,152 | 332,553 | ||||||
Companhia de Saneamento Basico do Estado de Sao Paulo | 35,854 | 198,672 | ||||||
Companhia Energetica de Minas Gerais ADR | 62,952 | 257,474 | ||||||
Companhia Energetica de Sao Paulo Preference Shares (Class B) | 2,789 | 20,646 | ||||||
Companhia Siderurgica Nacional SA ADR (a) | 72,149 | 121,210 | ||||||
Cosan Logistica SA (b) | 9,007 | 7,524 | ||||||
Cosan SA Industria e Comercio | 9,007 | 78,597 | ||||||
Cyrela Brazil Realty SA | 25,366 | 105,159 | ||||||
Duratex SA | 18,633 | 50,720 | ||||||
Embraer SA | 38,747 | 297,625 | ||||||
Estacio Participacoes SA | 4,453 | 25,831 | ||||||
Fibria Celulose SA ADR (a)(b) | 13,883 | 196,167 | ||||||
Gafisa SA | 6,144 | 4,133 | ||||||
Gerdau SA ADR (a) | 53,730 | 171,936 | ||||||
Hypermarcas SA (b) | 2,352 | 14,497 | ||||||
Investimentos Itau SA | 17,405 | 55,002 | ||||||
Investimentos Itau SA Preference Shares | 188,503 | 588,611 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 141,723 | 1,567,456 | ||||||
Itausa — Investimentos Itau SA (b)(c)(d) | 141 | 446 | ||||||
Itausa — Investimentos Itau SA (b)(c)(d) | 1,561 | 4,874 | ||||||
JBS SA | 10,169 | 45,180 | ||||||
Klabin SA | 3,061 | 17,431 | ||||||
Kroton Educacional SA | 39,236 | 126,322 | ||||||
Lojas Americanas SA Preference Shares | 36,316 | 186,915 | ||||||
Lojas Renner SA | 16,410 | 466,099 | ||||||
Metalurgica Gerdau SA Preference Shares | 28,273 | 95,626 | ||||||
MMX Mineracao e Metalicos SA (b) | 2,567 | 530 | ||||||
MRV Engenharia e Participacoes SA | 4,919 | 12,359 | ||||||
Natura Cosmeticos SA | 13,863 | 116,678 | ||||||
Oi SA, ADR (b) | 522 | 851 | ||||||
Oi SA, ADR (a)(b) | 2,763 | 4,255 | ||||||
PDG Realty SA Empreendimentos e Participacoes (b) | 32,650 | 5,108 | ||||||
Petroleo Brasileiro SA ADR (a) | 70,992 | 426,662 | ||||||
Petroleo Brasileiro SA Preference Shares ADR | 107,939 | 657,349 | ||||||
Profarma Distribuidora de Produtos Farmaceuticos SA | 1,557 | 2,733 | ||||||
Prumo Logistica SA (b) | 15,406 | 1,253 | ||||||
Qualicorp SA (b) | 1,983 | 14,146 | ||||||
Souza Cruz SA | 45,765 | 363,703 | ||||||
Telefonica Brasil SA ADR (a) | 10,140 | 155,041 | ||||||
Telefonica Brasil SA Preference Shares | 25,611 | 396,493 | ||||||
Tim Participacoes SA ADR (a) | 11,172 | 185,232 | ||||||
Tractebel Energia SA ADR | 12,615 | 139,329 | ||||||
Ultrapar Participacoes SA | 13,245 | 268,663 | ||||||
Usinas Siderurgicas de Minas Gerais SA ADR (a)(b) | 38,693 | 60,941 | ||||||
Vale SA ADR (a) | 64,632 | 365,171 | ||||||
Vale SA Preference Shares ADR | 135,953 | 659,372 | ||||||
Weg SA | 29,266 | 291,186 | ||||||
14,136,344 | ||||||||
CHILE — 1.7% | ||||||||
Antarchile SA | 16,131 | 196,915 | ||||||
Empresa Electrica Pilmaiquen SA | 19,009 | 93,459 | ||||||
Empresa Nacional de Electricidad SA ADR | 8,307 | 374,230 | ||||||
Empresas COPEC SA | 37,129 | 432,397 | ||||||
Empresas Iansa SA | 398,674 | 10,264 | ||||||
Enersis SA ADR | 31,891 | 518,548 | ||||||
Enjoy SA | 184,292 | 15,964 | ||||||
Latam Airlines Group SA ADR (a)(b) | 24,677 | 198,897 | ||||||
Multiexport Foods SA (b) | 167,675 | 33,083 | ||||||
Parque Arauco SA | 242,930 | 466,181 | ||||||
SACI Falabella | 112,548 | 862,453 | ||||||
Tech Pack SA (b) | 9,870 | 4,047 | ||||||
Vina Concha y Toro SA ADR | 5,450 | 224,976 | ||||||
3,431,414 | ||||||||
CHINA — 20.3% | ||||||||
Agricultural Bank of China, Ltd. (Class H) | 855,000 | 423,472 | ||||||
Air China, Ltd. | 186,000 | 189,765 | ||||||
Alibaba Group Holding, Ltd. ADR (b) | 14,950 | 1,244,438 | ||||||
Aluminum Corp. of China, Ltd. (Class H) (a)(b) | 310,000 | 153,540 | ||||||
Angang Steel Co., Ltd. (a) | 64,640 | 47,606 | ||||||
Anhui Conch Cement Co., Ltd. (Class H) (a) | 186,000 | 704,123 | ||||||
Anton Oilfield Services Group (a) | 36,000 | 6,176 |
See accompanying notes to financial statements.
173
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Avic International Holdings, Ltd. (b) | 60,000 | $ | 45,195 | |||||
Baidu, Inc. ADR (b) | 14,354 | 2,991,374 | ||||||
Bank of China, Ltd. (Class H) | 2,832,900 | 1,636,955 | ||||||
Bank of Communications Co., Ltd. (Class H) | 803,864 | 689,496 | ||||||
Beijing Jingneng Clean Energy Co., Ltd. (Class H) | 42,000 | 17,768 | ||||||
BOE Technology Group Co., Ltd. (Class B) (b) | 36,700 | 13,207 | ||||||
Brilliance China Automotive Holdings, Ltd. | 138,000 | 265,924 | ||||||
BYD Co., Ltd. (a) | 13,000 | 66,903 | ||||||
China CITIC Bank Corp., Ltd. (Class H) | 347,000 | 261,378 | ||||||
China Coal Energy Co., Ltd. (Class H) (a) | 310,000 | 171,133 | ||||||
China Communications Construction Co., Ltd. (Class H) | 284,000 | 400,008 | ||||||
China Communications Services Corp., Ltd. (Class H) | 58,000 | 25,734 | ||||||
China Construction Bank Corp. (Class H) | 3,636,280 | 3,020,443 | ||||||
China COSCO Holdings Co., Ltd. (a)(b) | 217,425 | 114,419 | ||||||
China Datang Corp. Renewable Power Co., Ltd. (a) | 81,000 | 12,433 | ||||||
China Fangda Group Co., Ltd. | 100,200 | 61,906 | ||||||
China Life Insurance Co., Ltd. (Class H) | 407,024 | 1,782,326 | ||||||
China Longyuan Power Group Corp. (Class H) | 100,000 | 108,731 | ||||||
China Merchants Bank Co., Ltd. (Class H) | 319,195 | 779,764 | ||||||
China Minsheng Banking Corp., Ltd. (Class H) | 221,400 | 270,430 | ||||||
China National Accord Medicines Corp., Ltd. | 2,000 | 10,368 | ||||||
China National Building Material Co., Ltd. (Class H) (a) | 62,000 | 61,736 | ||||||
China Oilfield Services, Ltd. (Class H) (a) | 248,000 | 412,638 | ||||||
China Pacific Insurance Group Co., Ltd. (Class H) | 69,200 | 329,352 | ||||||
China Petroleum & Chemical Corp. (Class H) | 1,419,231 | 1,129,446 | ||||||
China Railway Construction Corp., Ltd. (Class H) | 158,000 | 235,990 | ||||||
China Railway Group, Ltd. (Class H) | 279,000 | 285,728 | ||||||
China Shenhua Energy Co., Ltd. (Class H) | 248,000 | 633,351 | ||||||
China Shipping Container Lines Co., Ltd. (a)(b) | 500,350 | 158,758 | ||||||
China Shipping Development Co., Ltd. (b) | 124,000 | 90,524 | ||||||
China Telecom Corp., Ltd. (Class H) | 1,118,000 | 716,680 | ||||||
China Vanke Co., Ltd. (Class H) (a)(b) | 43,600 | 103,474 | ||||||
Chongqing Changan Automobile Co., Ltd. (Class B) (d) | 48,000 | 131,066 | ||||||
Chongqing Machinery & Electric Co., Ltd. | 44,000 | 7,207 | ||||||
Coland Holdings, Ltd. | 11,938 | 27,317 | ||||||
Coolpad Group, Ltd. | 152,000 | 26,467 | ||||||
Country Garden Holdings Co., Ltd. | 239,466 | 96,675 | ||||||
Ctrip.com International, Ltd. ADR (b) | 12,533 | 734,684 | ||||||
Datang International Power Generation Co., Ltd. (Class H) | 372,000 | 190,485 | ||||||
Dongfang Electric Corp., Ltd. | 12,400 | 23,927 | ||||||
Dongfeng Motor Group Co., Ltd. (Class H) | 310,000 | 497,404 | ||||||
Great Wall Motor Co., Ltd. (Class H) | 49,750 | 351,642 | ||||||
Guangdong Electric Power Development Co. Ltd. | 72,500 | 55,733 | ||||||
Guangshen Railway Co., Ltd. | 248,000 | 115,155 | ||||||
Guangzhou Automobile Group Co., Ltd. (Class H) | 144,636 | 138,423 | ||||||
Guangzhou Baiyunshan Pharmaceutical Holdings Co., Ltd. | 6,000 | 20,663 | ||||||
Guangzhou R&F Properties Co., Ltd. (Class H) (a) | 111,600 | 114,435 | ||||||
Guodian Technology & Environment Group Co., Ltd. (Class H) | 26,000 | 3,488 | ||||||
Haitong Securities Co., Ltd. (Class H) (a) | 42,400 | 103,251 | ||||||
Hangzhou Steam Turbine Co. | 15,900 | 18,006 | ||||||
Harbin Electric Co., Ltd. (Class H) | 62,000 | 38,545 | ||||||
Hengan International Group Co., Ltd. | 26,000 | 312,213 | ||||||
HNA Infrastructure Co., Ltd. | 18,000 | 16,600 | ||||||
Huadian Power International Co., Ltd. (Class H) | 372,000 | 309,478 | ||||||
Huaneng Power International, Inc. (Class H) | 310,000 | 367,056 | ||||||
Huaneng Renewables Corp., Ltd. (Class H) | 120,000 | 43,493 | ||||||
Huangshan Tourism Development Co., Ltd. (Class B) | 28,320 | 48,852 | ||||||
Industrial & Commercial Bank of China, Ltd. (Class H) | 3,555,590 | 2,623,222 | ||||||
Inner Mongolia Yitai Coal Co., Ltd. (Class B) | 9,265 | 13,527 | ||||||
JD.com, Inc. ADR (b) | 11,271 | 331,142 | ||||||
Jiangsu Expressway Co., Ltd. (Class H) | 188,000 | 252,670 | ||||||
Jiangsu Future Land Co., Ltd. (d) | 81,100 | 41,118 | ||||||
Jiangxi Copper Co., Ltd. (Class H) | 64,000 | 119,034 | ||||||
Kingsoft Corp., Ltd. (a) | 28,000 | 82,161 | ||||||
Konka Group Co., Ltd. | 286,500 | 165,550 | ||||||
Lao Feng Xiang Co., Ltd. (Class B) | 8,201 | 28,261 | ||||||
Livzon Pharmaceutical Group, Inc. (Class H) | 3,100 | 19,872 |
See accompanying notes to financial statements.
174
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Maanshan Iron & Steel (a)(b) | 186,000 | $ | 53,499 | |||||
Mindray Medical International, Ltd. ADR (a) | 2,559 | 69,989 | ||||||
NetEase, Inc. ADR | 5,304 | 558,511 | ||||||
New Oriental Education & Technology Group, Inc. ADR (b) | 5,063 | 112,247 | ||||||
Nine Dragons Paper Holdings, Ltd. | 93,000 | 58,177 | ||||||
Parkson Retail Group, Ltd. (a) | 77,134 | 16,714 | ||||||
People’s Insurance Co. Group of China, Ltd. (Class H) | 152,000 | 77,244 | ||||||
PetroChina Co., Ltd. (Class H) | 1,117,601 | 1,236,806 | ||||||
PICC Property & Casualty Co., Ltd. (Class H) | 333,506 | 659,007 | ||||||
Ping An Insurance Group Co. of China, Ltd. (Class H) | 95,000 | 1,142,002 | ||||||
Qihoo 360 Technology Co., Ltd. ADR (a)(b) | 2,633 | 134,810 | ||||||
Renhe Commercial Holdings Co., Ltd. (a)(b) | 445,000 | 20,950 | ||||||
Semiconductor Manufacturing International Corp. (b) | 1,047,000 | 101,283 | ||||||
Shandong Chenming Paper Holdings Ltd. (Class B) | 13,200 | 7,951 | ||||||
Shandong Luoxin Pharmaceutical Group Stock Co., Ltd. (Class H) | 8,000 | 15,209 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. | 84,000 | 73,999 | ||||||
Shanghai Electric Group Co., Ltd. (Class H) | 376,000 | 248,305 | ||||||
Shanghai Greencourt Investment Group Co., Ltd. (Class B) (b) | 175,901 | 78,100 | ||||||
Shanghai Jinjiang International Industrial Investment Co. Ltd. | 33,958 | 45,707 | ||||||
Shanghai Jinqiao Export Processing Zone Development Co. Ltd. | 82,416 | 138,871 | ||||||
Shenzhen Expressway Co., Ltd. (Class H) | 248,000 | 193,844 | ||||||
Shenzhou International Group Holdings, Ltd. | 6,000 | 27,086 | ||||||
Sihuan Pharmaceutical Holdings Group, Ltd. (a) | 32,000 | 18,202 | ||||||
Sina Corp. (a)(b) | 3,557 | 114,393 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. (Class H) | 372,000 | 138,665 | ||||||
Sinopharm Group Co., Ltd. (Class H) | 32,800 | 133,898 | ||||||
Soho China, Ltd. | 21,500 | 14,642 | ||||||
SPT Energy Group, Inc. (a) | 20,000 | 3,379 | ||||||
Sunny Optical Technology Group Co., Ltd. (a) | 27,000 | 49,103 | ||||||
Tencent Holdings, Ltd. | 282,567 | 5,364,839 | ||||||
Tingyi Cayman Islands Holding Corp. | 186,000 | 400,162 | ||||||
Tong Ren Tang Technologies Co., Ltd. (Class H) (a) | 10,000 | 14,704 | ||||||
Travelsky Technology, Ltd. (a) | 226,000 | 260,308 | ||||||
Vipshop Holdings, Ltd. ADS (b) | 10,744 | 316,303 | ||||||
Want Want China Holdings, Ltd. (a) | 343,000 | 364,101 | ||||||
Weiqiao Textile Co. (a) | 78,000 | 45,776 | ||||||
WuXi PharmaTech Cayman, Inc. ADR (b) | 620 | 24,044 | �� | |||||
Yanzhou Coal Mining Co., Ltd. (Class H) (a) | 186,000 | 159,057 | ||||||
Youku Tudou, Inc. ADR (a)(b) | 4,653 | 58,162 | ||||||
Zhejiang Expressway Co., Ltd. (Class H) | 248,000 | 328,831 | ||||||
Zhuzhou CSR Times Electric Co., Ltd. (Class H) | 28,500 | 187,107 | ||||||
Zijin Mining Group Co., Ltd. (Class H) (a) | 375,000 | 118,985 | ||||||
ZTE Corp. (Class H) | 81,473 | 186,841 | ||||||
40,513,327 | ||||||||
COLOMBIA — 0.5% | ||||||||
Almacenes Exito SA | 6,301 | 60,640 | ||||||
Banco Davivienda SA Preference Shares | 10,594 | 103,178 | ||||||
Banco de Bogota SA | 3,401 | 72,269 | ||||||
BanColombia SA | 9,842 | 92,823 | ||||||
BanColombia SA ADR (a) | 3,547 | 139,503 | ||||||
Bolsa de Valores de Colombia | 6,424,833 | 44,024 | ||||||
Cementos Argos SA | 7,002 | 22,992 | ||||||
Corp Financiera Colombiana SA | 3,150 | 43,266 | ||||||
Ecopetrol SA | 94,727 | 72,019 | ||||||
Empresa de Telecomunicaciones de Bogota | 186,601 | 31,965 | ||||||
Grupo Argos SA | 2,832 | 18,141 | ||||||
Grupo Argos SA/Colombia Preference Shares | 10,717 | 69,886 | ||||||
Grupo Aval Acciones y Valores | 281,707 | 125,795 | ||||||
Grupo de Inversiones Suramericana SA | 3,858 | 49,841 | ||||||
Grupo Nutresa SA | 3,560 | 31,383 | ||||||
Interbolsa SA/Colombia (b)(d) | 52,588 | 0 | ||||||
Interconexion Electrica SA ESP | 14,355 | 41,058 | ||||||
Isagen SA ESP | 63,287 | 74,306 | ||||||
1,093,089 | ||||||||
CZECH REPUBLIC — 0.4% | ||||||||
CEZ AS | 12,924 | 316,081 | ||||||
Komercni Banka AS | 1,365 | 294,734 | ||||||
O2 Czech Republic AS | 9,093 | 72,688 | ||||||
Unipetrol (b) | 9,213 | 45,352 | ||||||
728,855 | ||||||||
EGYPT — 0.6% | ||||||||
Commercial International Bank Egypt SAE | 139,718 | 1,030,757 | ||||||
Egyptian Financial Group-Hermes Holding Co. (b) | 46,952 | 97,657 | ||||||
Egyptian Kuwait Holding Co. (b) | 47,220 | 27,860 | ||||||
Global Telecom Holding GDR (b) | 26,533 | 58,372 | ||||||
Global Telecom Holding SAE (b) | 49,684 | 21,749 | ||||||
Orascom Telecom Media & Technology Holding SAE (b) | 43,412 | 6,486 | ||||||
1,242,881 | ||||||||
GREECE — 0.2% | ||||||||
Alpha Bank AE (b) | 174,702 | 51,598 |
See accompanying notes to financial statements.
175
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Diana Shipping, Inc. (b) | 2,205 | $ | 13,495 | |||||
DryShips, Inc. (b) | 11,254 | 8,553 | ||||||
Eurobank Ergasias SA (b) | 384,700 | 43,382 | ||||||
FF Group (b) | 894 | 26,635 | ||||||
Hellenic Telecommunications Organization SA (b) | 6,968 | 61,740 | ||||||
JUMBO SA | 2,821 | 29,328 | ||||||
National Bank of Greece SA (b) | 43,201 | 51,038 | ||||||
OPAP SA | 8,603 | 80,662 | ||||||
Piraeus Bank SA (b) | 45,112 | 17,394 | ||||||
Public Power Corp. SA (b) | 3,231 | 19,779 | ||||||
Titan Cement Co. SA | 1,378 | 31,627 | ||||||
435,231 | ||||||||
HONG KONG — 7.2% | ||||||||
AAC Technologies Holdings, Inc. (a) | 79,000 | 487,569 | ||||||
Agile Property Holdings, Ltd. | 212,999 | 128,024 | ||||||
AMVIG Holdings, Ltd. | 38,000 | 16,958 | ||||||
AviChina Industry & Technology Co., Ltd. (Class H) (a) | 88,000 | 63,222 | ||||||
Beijing Capital International Airport Co., Ltd. | 186,000 | 181,369 | ||||||
Beijing Capital Land, Ltd. (b) | 24,000 | 14,828 | ||||||
Beijing Enterprises Holdings, Ltd. | 12,000 | 94,414 | ||||||
Beijing Enterprises Water Group, Ltd. (b) | 48,000 | 32,689 | ||||||
Belle International Holdings, Ltd. | 161,000 | 187,517 | ||||||
Biostime International Holdings, Ltd. (a) | 5,000 | 20,959 | ||||||
C.banner International Holdings, Ltd. | 12,000 | 3,715 | ||||||
Chailease Holding Co., Ltd. | 32,200 | 80,268 | ||||||
China All Access Holdings, Ltd. (a) | 28,000 | 10,473 | ||||||
China Everbright International, Ltd. | 69,000 | 115,518 | ||||||
China Gas Holdings, Ltd. | 100,000 | 163,806 | ||||||
China High Speed Transmission Equipment Group Co., Ltd. (b) | 36,000 | 24,888 | ||||||
China Medical System Holdings, Ltd. | 69,000 | 106,085 | ||||||
China Mengniu Dairy Co., Ltd. | 93,000 | 494,205 | ||||||
China Merchants Holdings International Co., Ltd. | 73,682 | 288,435 | ||||||
China Mobile, Ltd. | 274,339 | 3,580,927 | ||||||
China Modern Dairy Holdings, Ltd. (a)(b) | 95,000 | 31,613 | ||||||
China Oil and Gas Group, Ltd. | 120,000 | 14,704 | ||||||
China Overseas Grand Oceans Group, Ltd. (a) | 26,000 | 12,140 | ||||||
China Overseas Land & Investment, Ltd. | 251,200 | 811,624 | ||||||
China Power International Development, Ltd. (a) | 310,000 | 162,336 | ||||||
China Resources Enterprise, Ltd. | 62,000 | 121,552 | ||||||
China Resources Gas Group, Ltd. | 8,000 | 24,868 | ||||||
China Resources Land, Ltd. | 154,222 | 435,630 | ||||||
China Resources Power Holdings Co., Ltd. | 129,600 | 325,293 | ||||||
China Singyes Solar Technologies Holdings, Ltd. (a) | 8,000 | 10,938 | ||||||
China State Construction International Holdings, Ltd. | 14,000 | 19,502 | ||||||
China Taiping Insurance Holdings Co., Ltd. (b) | 26,835 | 91,549 | ||||||
China Travel International Investment Hong Kong, Ltd. | 320,000 | 104,011 | ||||||
China Unicom (Hong Kong), Ltd. | 253,668 | 386,078 | ||||||
China Yurun Food Group, Ltd. (a)(b) | 12,000 | 3,498 | ||||||
Citic Telecom International Holdings, Ltd. | 33,000 | 11,875 | ||||||
CITIC, Ltd. | 151,000 | 258,644 | ||||||
CNOOC, Ltd. | 1,015,000 | 1,434,842 | ||||||
Comba Telecom Systems Holdings, Ltd. | 38,457 | 11,508 | ||||||
COSCO Pacific, Ltd. | 138,413 | 181,384 | ||||||
Digital China Holdings, Ltd. | 33,000 | 36,009 | ||||||
GCL Poly Energy Holdings, Ltd. (a)(b) | 161,000 | 42,570 | ||||||
Geely Automobile Holdings, Ltd. (a) | 115,000 | 59,183 | ||||||
Greatview Aseptic Packaging Co., Ltd. | 10,000 | 5,185 | ||||||
Greentown China Holdings, Ltd. (a) | 25,500 | 22,892 | ||||||
Guangdong Investment, Ltd. | 250,000 | 327,613 | ||||||
Haier Electronics Group Co., Ltd. | 28,000 | 73,313 | ||||||
Hanergy Thin Film Power Group, Ltd. (a)(b) | 778,000 | 700,426 | ||||||
Hengdeli Holdings, Ltd. (a) | 813,600 | 151,113 | ||||||
Honghua Group, Ltd. (a) | 14,000 | 1,625 | ||||||
Hopson Development Holdings, Ltd. (a)(b) | 26,000 | 18,780 | ||||||
Hua Han Bio-Pharmaceutical Holdings, Ltd. (Class H) (a) | 146,400 | 34,933 | ||||||
Huabao International Holdings, Ltd. | 36,000 | 26,792 | ||||||
Ju Teng International Holdings, Ltd. | 36,000 | 20,988 | ||||||
Kingboard Chemical Holdings, Ltd. | 59,340 | 93,988 | ||||||
Kingboard Laminates Holdings, Ltd. | 34,500 | 14,017 | ||||||
Kunlun Energy Co., Ltd. | 310,000 | 301,081 | ||||||
KWG Property Holding, Ltd. | 60,412 | 42,856 | ||||||
Lee & Man Paper Manufacturing, Ltd. (a) | 29,000 | 14,027 | ||||||
Lenovo Group, Ltd. (a) | 434,000 | 633,671 | ||||||
Li Ning Co., Ltd. (a)(b) | 90,333 | 51,266 | ||||||
Minth Group, Ltd. | 18,000 | 35,568 | ||||||
NetDragon Websoft, Inc. | 4,500 | 9,879 | ||||||
Newocean Energy Holdings, Ltd. (a) | 22,000 | 10,868 | ||||||
Poly Property Group Co., Ltd. (a) | 11,000 | 5,349 | ||||||
Real Nutriceutical Group, Ltd. | 21,000 | 6,013 | ||||||
Shenzhen International Holdings Ltd. | 28,966 | 43,712 | ||||||
Shenzhen Investment, Ltd. | 85,016 | 31,471 |
See accompanying notes to financial statements.
176
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Shimao Property Holdings, Ltd. | 93,000 | $ | 195,523 | |||||
Sino Biopharmaceutical, Ltd. | 120,000 | 121,501 | ||||||
Sino-Ocean Land Holdings, Ltd. | 237,980 | 143,960 | ||||||
Sinotrans, Ltd. (Class H) | 310,000 | 177,930 | ||||||
Skyworth Digital Holdings, Ltd. | 59,411 | 46,744 | ||||||
Sun Art Retail Group, Ltd. (a) | 13,000 | 11,318 | ||||||
Sunac China Holdings, Ltd. | 64,000 | 55,555 | ||||||
Tianneng Power International, Ltd. | 14,000 | 4,695 | ||||||
Tibet 5100 Water Resources Holdings, Ltd. (a) | 20,000 | 6,320 | ||||||
V1 Group, Ltd. (a)(b) | 108,200 | 8,513 | ||||||
Wasion Group Holdings, Ltd. | 18,000 | 21,777 | ||||||
WH Group, Ltd. (b)(e) | 159,500 | 90,725 | ||||||
Yingde Gases Group Co., Ltd. (a) | 21,000 | 15,656 | ||||||
Yip’s Chemical Holdings, Ltd. | 10,000 | 5,624 | ||||||
Yuexiu Property Co., Ltd. | 434,000 | 85,087 | ||||||
Yuexiu Transport Infrastructure, Ltd. (a) | 1,258 | 803 | ||||||
14,356,377 | ||||||||
HUNGARY — 0.4% | ||||||||
MOL Hungarian Oil and Gas PLC | 4,325 | 187,754 | ||||||
OTP Bank PLC (a) | 17,470 | 331,892 | ||||||
Richter Gedeon NyRt | 14,960 | 206,297 | ||||||
725,943 | ||||||||
INDIA — 10.6% | ||||||||
Adani Enterprises, Ltd. | 895 | 8,800 | ||||||
Alok Industries, Ltd. (b) | 221,661 | 26,211 | ||||||
Amtek Auto, Ltd. | 7,279 | 16,894 | ||||||
Anant Raj, Ltd. | 50,006 | 31,882 | ||||||
Apollo Hospitals Enterprise, Ltd. | 4,463 | 97,645 | ||||||
Ashok Leyland, Ltd. (b) | 26,843 | 31,441 | ||||||
Aurobindo Pharma, Ltd. | 7,280 | 142,107 | ||||||
Axis Bank, Ltd. | 10,597 | 94,860 | ||||||
Bajaj Hindusthan Sugar, Ltd. (b) | 76,340 | 17,627 | ||||||
Balrampur Chini Mills, Ltd. (b) | 38,026 | 30,108 | ||||||
BF Investment, Ltd. (b) | 8,959 | 24,093 | ||||||
Bharat Heavy Electricals, Ltd. | 58,041 | 218,275 | ||||||
Bharti Airtel, Ltd. | 113,530 | 713,494 | ||||||
Biocon, Ltd. | 2,016 | 15,118 | ||||||
Britannia Industries, Ltd. | 3,728 | 128,586 | ||||||
Cipla, Ltd. | 39,619 | 451,039 | ||||||
Coal India, Ltd. | 25,419 | 147,401 | ||||||
Core Education & Technologies, Ltd. (b) | 9,223 | 1,157 | ||||||
DCB Bank, Ltd. (b) | 105,167 | 186,450 | ||||||
Dewan Housing Finance Corp., Ltd. | 13,075 | 97,705 | ||||||
Dr. Reddy’s Laboratories, Ltd. ADR | 11,509 | 657,164 | ||||||
Educomp Solutions, Ltd. (b) | 14,586 | 2,878 | ||||||
Era Infra Engineering, Ltd. (b) | 2,563 | 203 | ||||||
Fortis Healthcare, Ltd. (b) | 20,701 | 54,447 | ||||||
GAIL India, Ltd. | 43,591 | 270,122 | ||||||
Gammon India, Ltd. (b) | 1,730 | 487 | ||||||
Gateway Distriparks, Ltd. | 12,385 | 81,318 | ||||||
Gitanjali Gems Ltd. (b) | 1,620 | 1,064 | ||||||
Glenmark Pharmaceuticals, Ltd. | 706 | 8,869 | ||||||
Godrej Consumer Products, Ltd. | 2,418 | 40,220 | ||||||
Godrej Industries, Ltd. | 21,315 | 117,796 | ||||||
Grasim Industries, Ltd. GDR | 28 | 1,628 | ||||||
Gruh Finance Ltd. | 34,834 | 135,815 | ||||||
GTL Infrastructure Ltd. (b) | 251,247 | 7,829 | ||||||
GTL, Ltd. (b) | 1,664 | 326 | ||||||
Gujarat NRE Coke, Ltd. (b) | 12,414 | 1,032 | ||||||
GVK Power & Infrastructure, Ltd. (b) | 109,725 | 16,744 | ||||||
HCL Technologies, Ltd. | 23,026 | 360,726 | ||||||
HDFC Bank, Ltd. | 73,553 | 1,202,000 | ||||||
Hero Motocorp, Ltd. | 12,685 | 535,078 | ||||||
Hindalco Industries, Ltd. | 40,383 | 83,242 | ||||||
Hindustan Construction Co. (b) | 13,644 | 7,129 | ||||||
Hindustan Unilever, Ltd. | 55,057 | 768,522 | ||||||
Housing Development & Infrastructure, Ltd. (b) | 11,531 | 18,748 | ||||||
Housing Development Finance Corp., Ltd. | 86,131 | 1,810,807 | ||||||
ICICI Bank, Ltd. ADR | 89,303 | 925,179 | ||||||
Idea Cellular, Ltd. | 4,699 | 13,816 | ||||||
IDFC, Ltd. | 18 | 48 | ||||||
IIFL Holdings, Ltd. | 145,677 | 414,931 | ||||||
Indiabulls Real Estate, Ltd. | 16,564 | 17,310 | ||||||
Indian Hotels Co., Ltd. (b) | 54,493 | 101,791 | ||||||
Infosys, Ltd. ADR (a) | 51,051 | 1,790,869 | ||||||
IRB Infrastructure Developers, Ltd. | 3,591 | 14,013 | ||||||
ITC, Ltd. | 6,202 | 32,293 | ||||||
ITC, Ltd. GDR | 31,882 | 166,003 | ||||||
IVRCL Infrastructures & Projects, Ltd. (b) | 13,988 | 3,554 | ||||||
Jain Irrigation Systems, Ltd. | 9,504 | 9,355 | ||||||
Jaiprakash Associates, Ltd. (b) | 51,110 | 20,254 | ||||||
Jet Airways India, Ltd. (b) | 11,269 | 87,991 | ||||||
Jindal Steel & Power, Ltd. | 4,698 | 11,771 | ||||||
Kotak Mahindra Bank, Ltd. | 12,408 | 260,378 | ||||||
Lanco Infratech, Ltd. (b) | 28,515 | 2,483 | ||||||
Larsen & Toubro, Ltd. GDR | 19,095 | 532,750 | ||||||
LIC Housing Finance, Ltd. | 12,533 | 87,637 | ||||||
Mahanagar Telephone Nigam, Ltd. (b) | 45,097 | 13,115 | ||||||
Mahindra & Mahindra Financial Services, Ltd. | 11,300 | 45,846 | ||||||
Mahindra & Mahindra, Ltd. GDR | 21,809 | 417,642 | ||||||
Maruti Suzuki India, Ltd. | 9,565 | 565,108 | ||||||
Monnet Ispat, Ltd. | 5,016 | 4,004 | ||||||
MRF, Ltd. | 112 | 69,351 | ||||||
Nagarjuna Construction Co., Ltd. | 8,464 | 15,155 | ||||||
NTPC, Ltd. | 79,632 | 186,860 | ||||||
Oil & Natural Gas Corp., Ltd. | 113,421 | 555,223 | ||||||
OnMobile Global, Ltd. | 3,490 | 4,068 | ||||||
Opto Circuits India, Ltd. (b) | 4,493 | 1,353 | ||||||
PTC India, Ltd. | 36,466 | 47,140 | ||||||
Punj Lloyd, Ltd. (b) | 9,249 | 4,382 | ||||||
RattanIndia Infrastructure, Ltd. (b) | 45,209 | 1,517 | ||||||
REI Agro, Ltd. (b) | 34,997 | 364 | ||||||
Reliance Capital, Ltd. | 5,015 | 34,022 | ||||||
Reliance Communications, Ltd. (b) | 61,705 | 58,420 | ||||||
Reliance Industries, Ltd. GDR (e) | 44,980 | 1,185,448 | ||||||
Reliance Infrastructure, Ltd. | 14,744 | 102,202 | ||||||
Rolta India, Ltd. | 4,698 | 12,188 | ||||||
Ruchi Soya Industries Ltd. | 26,809 | 19,213 |
See accompanying notes to financial statements.
177
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
SE Investments Ltd. | 21,279 | $ | 120,062 | |||||
Sesa Sterlite, Ltd. | 20,688 | 62,645 | ||||||
Shree Renuka Sugars, Ltd. (b) | 60,643 | 12,452 | ||||||
Shriram Transport Finance Co., Ltd. | 3,273 | 58,281 | ||||||
Siemens India, Ltd. | 13,443 | 300,034 | ||||||
Sintex Industries, Ltd. | 33,878 | 65,340 | ||||||
State Bank of India GDR | 5,775 | 244,282 | ||||||
Strides Arcolab, Ltd. | 1,604 | 30,266 | ||||||
Sun Pharmaceutical Industries, Ltd. | 26,594 | 435,108 | ||||||
Sun TV Network, Ltd. | 4,463 | 31,511 | ||||||
Suzlon Energy, Ltd. (b) | 255,282 | 111,566 | ||||||
Tata Communications Ltd. | 10,026 | 67,608 | ||||||
Tata Consultancy Services, Ltd. | 27,334 | 1,115,505 | ||||||
Tata Motors, Ltd. ADR | 14,901 | 671,439 | ||||||
Tata Power Co., Ltd. | 144,676 | 178,241 | ||||||
Tata Steel, Ltd. | 21,368 | 108,152 | ||||||
Tech Mahindra, Ltd. | 19,332 | 194,521 | ||||||
Unitech, Ltd. (b) | 93,534 | 24,138 | ||||||
United Breweries, Ltd. | 3,138 | 50,158 | ||||||
United Spirits, Ltd. (b) | 2,808 | 164,102 | ||||||
Videocon Industries, Ltd. (b) | 16,161 | 40,247 | ||||||
VST Industries Ltd. | 1,167 | 29,303 | ||||||
Wipro, Ltd. ADR (a) | 34,508 | 459,647 | ||||||
Wockhardt, Ltd. | 1,374 | 40,986 | ||||||
Zee Entertainment Enterprises, Ltd. | 24,610 | 134,393 | ||||||
21,250,121 | ||||||||
INDONESIA — 3.5% | ||||||||
Alam Sutera Realty Tbk PT | 396,600 | 16,835 | ||||||
Astra International Tbk PT | 1,635,262 | 1,072,457 | ||||||
Bank Central Asia Tbk PT | 1,104,500 | 1,252,330 | ||||||
Bank Danamon Indonesia Tbk PT | 265,018 | 103,879 | ||||||
Bank Mandiri Persero Tbk PT | 657,849 | 627,661 | ||||||
Bank Negara Indonesia Persero Tbk PT | 107,000 | 59,126 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 1,007,800 | 1,023,216 | ||||||
Barito Pacific Tbk PT (b) | 524,700 | 11,236 | ||||||
Bekasi Fajar Industrial Estate Tbk PT | 246,900 | 10,952 | ||||||
Bumi Resources Tbk PT (b) | 917,400 | 5,473 | ||||||
Bumi Serpong Damai Tbk PT | 210,500 | 34,372 | ||||||
Charoen Pokphand Indonesia Tbk PT | 229,600 | 62,251 | ||||||
Ciputra Development Tbk PT | 323,600 | 36,506 | ||||||
Citra Marga Nusaphala Persada Tbk PT | 77,100 | 14,742 | ||||||
Garuda Indonesia Tbk PT (b) | 703,900 | 26,487 | ||||||
Global Mediacom Tbk PT | 34,200 | 4,577 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 28,100 | 47,120 | ||||||
Indofood Sukses Makmur Tbk PT | 691,700 | 394,124 | ||||||
Indosat Tbk PT (b) | 139,600 | 45,537 | ||||||
Japfa Comfeed Indonesia Tbk PT | 60,500 | 3,609 | ||||||
Kalbe Farma Tbk PT | 3,822,800 | 545,279 | ||||||
Kawasan Industri Jababeka Tbk PT | 264,127 | 6,686 | ||||||
Lippo Cikarang Tbk PT (b) | 10,200 | 9,108 | ||||||
Lippo Karawaci Tbk PT | 680,300 | 70,241 | ||||||
Matahari Putra Prima Tbk PT | 34,400 | 10,419 | ||||||
Mayora Indah Tbk PT | 19,567 | 43,249 | ||||||
Medco Energi Internasional Tbk PT | 363,300 | 86,136 | ||||||
Media Nusantara Citra Tbk PT | 44,700 | 9,795 | ||||||
Modernland Realty Tbk PT | 424,900 | 16,574 | ||||||
Pakuwon Jati Tbk PT | 299,400 | 11,793 | ||||||
Perusahaan Gas Negara Persero Tbk PT | 796,500 | 292,405 | ||||||
Semen Indonesia Persero Tbk PT | 45,000 | 46,979 | ||||||
Sigmagold Inti Perkasa Tbk PT (b) | 682,500 | 24,011 | ||||||
Summarecon Agung Tbk PT | 231,800 | 30,493 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 2,016,800 | 445,778 | ||||||
Tiga Pilar Sejahtera Food Tbk | 327,100 | 52,411 | ||||||
Unilever Indonesia Tbk PT | 33,400 | 101,286 | ||||||
United Tractors Tbk PT | 231,318 | 385,677 | ||||||
XL Axiata Tbk PT | 34,700 | 11,545 | ||||||
7,052,355 | ||||||||
MALAYSIA — 3.2% | ||||||||
Aeon Co. M Bhd | 453,100 | 362,137 | ||||||
Aeon Credit Service M Bhd | 5,900 | 20,997 | ||||||
AirAsia Bhd | 66,800 | 42,928 | ||||||
Alliance Financial Group Bhd | 256,000 | 331,103 | ||||||
Axiata Group Bhd | 74,300 | 142,040 | ||||||
Berjaya Sports Toto Bhd | 122,396 | 111,044 | ||||||
Bintulu Port Holdings Bhd (d) | 94 | 180 | ||||||
British American Tobacco Malaysia Bhd | 2,500 | 46,348 | ||||||
Bursa Malaysia Bhd | 52,593 | 121,844 | ||||||
CapitaMalls Malaysia Trust | 83,400 | 32,878 | ||||||
Carlsberg Brewery Malay Bhd | 155,697 | 570,910 | ||||||
CIMB Group Holdings Bhd | 49,430 | 83,017 | ||||||
Dialog Group Bhd | 1,041,398 | 444,285 | ||||||
Digi.Com Bhd | 329,500 | 560,510 | ||||||
Faber Group Bhd | 42,300 | 37,691 | ||||||
Felda Global Ventures Holdings Bhd | 25,300 | 14,824 | ||||||
Genting Bhd | 199,100 | 483,840 | ||||||
Genting Malaysia Bhd | 31,500 | 35,978 | ||||||
Guan Chong Bhd (b) | 57,500 | 13,507 | ||||||
Hap Seng Plantations Holdings Bhd | 8,000 | 5,616 | ||||||
IHH Healthcare Bhd | 45,100 | 73,188 | ||||||
IOI Corp. Bhd | 315,260 | 390,723 | ||||||
IOI Properties Group Bhd | 230,850 | 135,886 | ||||||
Iskandar Waterfront City Bhd (b) | 23,100 | 7,797 | ||||||
KLCC Property Holdings Bhd | 33,200 | 62,662 | ||||||
KNM Group Bhd (b) | 225,518 | 39,276 | ||||||
KPJ Healthcare Bhd | 20,940 | 24,087 | ||||||
Lingkaran Trans Kota Holdings Bhd | 21,500 | 21,712 | ||||||
Magnum Bhd | 189,360 | 137,540 | ||||||
Malayan Banking Bhd | 138,216 | 348,199 | ||||||
Malaysian Resources Corp. Bhd | 351,000 | 118,469 | ||||||
MPHB Capital Bhd (b) | 94,830 | 50,187 | ||||||
Naim Holdings Bhd | 87 | 62 | ||||||
OSK Holdings Bhd | 367,406 | 217,259 | ||||||
Pavilion Real Estate Investment Trust | 79,600 | 32,885 | ||||||
POS Malaysia Bhd | 62,200 | 88,845 | ||||||
Public Bank Bhd | 46,300 | 236,032 | ||||||
SapuraKencana Petroleum Bhd | 33,100 | 21,092 |
See accompanying notes to financial statements.
178
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Sime Darby Bhd | 57,134 | $ | 143,009 | |||||
SP Setia Bhd | 19,767 | 18,467 | ||||||
Sunway Real Estate Investment Trust | 82,700 | 35,058 | ||||||
TA Enterprise Bhd | 324,700 | 65,755 | ||||||
TA Global Bhd | 260,456 | 22,505 | ||||||
Telekom Malaysia Bhd | 40,696 | 79,887 | ||||||
Tenaga Nasional Bhd | 44,300 | 171,769 | ||||||
UEM Sunrise Bhd | 262,688 | 97,883 | ||||||
UMW Holdings Bhd | 18,700 | 54,734 | ||||||
Unisem M Bhd | 20,300 | 11,949 | ||||||
United Plantations Bhd | 4,200 | 29,486 | ||||||
WCT Holdings Bhd | 420,720 | 174,945 | ||||||
6,373,025 | ||||||||
MEXICO — 5.3% | ||||||||
Alfa SAB de CV (Class A) (b) | 266,720 | 539,244 | ||||||
America Movil SAB de CV (Series L) | 2,379,016 | 2,445,502 | ||||||
Axtel SAB de CV (a)(b) | 100,936 | 32,267 | ||||||
Cemex SAB de CV (b) | 652,674 | 619,932 | ||||||
Coca-Cola FEMSA SAB de CV (Series L) | 38,540 | 308,032 | ||||||
Consorcio ARA SAB de CV (b) | 100,289 | 42,066 | ||||||
Corporacion GEO SAB de CV (a)(b)(f) | 42,565 | 0 | ||||||
Desarrolladora Homex SAB de CV (a)(b)(d) | 19,859 | 678 | ||||||
Empresas ICA SAB de CV (a)(b) | 41,119 | 33,523 | ||||||
Fibra Uno Administracion SA de CV REIT | 85,897 | 227,848 | ||||||
Fomento Economico Mexicano SAB de CV (b) | 131,216 | 1,232,638 | ||||||
Grupo Aeroportuario del Sureste SAB de CV (Class B) (a)(b) | 39,740 | 536,119 | ||||||
Grupo Bimbo SAB de CV (b) | 197,002 | 559,417 | ||||||
Grupo Elektra SA de CV | 3,117 | 80,725 | ||||||
Grupo Financiero Banorte SAB de CV | 96,564 | 561,094 | ||||||
Grupo Financiero Inbursa SAB de CV | 77,407 | 195,725 | ||||||
Grupo Mexico SAB de CV (Series B) | 191,058 | 564,988 | ||||||
Grupo Televisa SAB (b) | 117,159 | 775,202 | ||||||
Impulsora Del Desarrollo Y El Empleo en America Latina SA de CV (b) | 104,407 | 262,212 | ||||||
Industrias CH SAB, Series B (b) | 26,827 | 109,867 | ||||||
Industrias Penoles SAB de CV | 9,306 | 162,134 | ||||||
Kimberly-Clark de Mexico SAB de CV (Class A) | 162,206 | 340,506 | ||||||
Sare Holding SAB de CV (Class B) (a)(b) | 119,256 | 2,708 | ||||||
TV Azteca SAB de CV (b) | 230,720 | 86,023 | ||||||
Urbi Desarrollos Urbanos SA de CV (a)(b)(f) | 44,913 | 0 | ||||||
Wal-Mart de Mexico SAB de CV | 339,775 | 849,981 | ||||||
10,568,431 | ||||||||
MONACO — 0.0% (g) | ||||||||
GasLog, Ltd. (a) | 1,028 | 19,964 | ||||||
MOROCCO — 0.4% | ||||||||
Banque Marocaine du Commerce Exterieur | 17,430 | 402,413 | ||||||
Banque Marocaine pour le Commerce et l’Industrie SA | 1,434 | 97,451 | ||||||
Douja Promotion Groupe Addoha SA | 11,016 | 35,164 | ||||||
Holcim Maroc SA | 802 | 181,940 | ||||||
716,968 | ||||||||
PANAMA — 0.1% | ||||||||
Avianca Holding SA Preference Shares | 94,208 | 132,913 | ||||||
PERU — 0.7% | ||||||||
Compania de Minas Buenaventura SA ADR | 19,981 | 202,407 | ||||||
Credicorp, Ltd. | 4,470 | 628,616 | ||||||
Southern Copper Corp. (a) | 15,787 | 460,665 | ||||||
Volcan Compania Minera SAA (Class B) | 303,310 | 53,839 | ||||||
1,345,527 | ||||||||
PHILIPPINES — 1.7% | ||||||||
Alliance Global Group, Inc. | 125,100 | 74,164 | ||||||
Ayala Land, Inc. | 803,080 | 691,691 | ||||||
Bank of the Philippine Islands | 289,547 | 650,995 | ||||||
BDO Unibank, Inc. | 205,054 | 567,454 | ||||||
Cebu Air, Inc. | 87,090 | 165,607 | ||||||
Cebu Holdings, Inc. | 442,100 | 50,935 | ||||||
East West Banking Corp. (b) | 48,700 | 26,747 | ||||||
Filinvest Land, Inc. | 3,694,000 | 148,752 | ||||||
First Philippine Holdings Corp. | 24,410 | 52,424 | ||||||
GMA Holdings, Inc. | 214,100 | 30,654 | ||||||
GT Capital Holdings, Inc. | 570 | 17,062 | ||||||
Megawide Construction Corp. (b) | 278,688 | 50,500 | ||||||
Megaworld Corp. | 402,400 | 48,882 | ||||||
Philippine Long Distance Telephone Co. | 6,150 | 392,940 | ||||||
Puregold Price Club, Inc. | 19,800 | 18,405 | ||||||
San Miguel Corp. | 8,590 | 12,962 | ||||||
SM Investments Corp. | 6,590 | 132,611 | ||||||
SM Prime Holdings, Inc. | 186,690 | 83,447 | ||||||
Top Frontier Investment Holding Ltd. (b) | 1,001 | 2,307 | ||||||
Universal Robina Corp. | 13,990 | 70,732 | ||||||
Vista Land & Lifescapes, Inc. | 64,100 | 12,318 | ||||||
3,301,589 | ||||||||
POLAND — 1.1% | ||||||||
Asseco Poland SA | 5,186 | 80,700 | ||||||
Bank Pekao SA | 9,463 | 458,737 | ||||||
Bank Zachodni WBK SA | 1,398 | 127,208 | ||||||
Bioton SA (b) | 2,170 | 3,245 | ||||||
Eurocash SA | 488 | 4,214 | ||||||
Getin Holding SA (b) | 18,571 | 10,188 | ||||||
Getin Noble Bank SA (b) | 51,687 | 23,039 | ||||||
Globe Trade Centre SA (b) | 11,603 | 17,229 | ||||||
Grupa Lotos SA (b) | 10,052 | 71,794 |
See accompanying notes to financial statements.
179
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
KGHM Polska Miedz SA | 10,135 | $ | 320,770 | |||||
LPP SA | 26 | 48,514 | ||||||
mBank | 1,531 | 177,812 | ||||||
Orange Polska SA | 62,043 | 155,946 | ||||||
Orbis SA | 4,855 | 59,799 | ||||||
PGE Polska Grupa Energetyczna SA | 35,306 | 194,060 | ||||||
Polimex- Mostostal SA (b) | 48,371 | 893 | ||||||
Polski Koncern Naftowy Orlen SA | 2,531 | 39,552 | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA | 28,051 | 251,545 | ||||||
Powszechny Zaklad Ubezpieczen SA | 1,803 | 232,538 | ||||||
2,277,783 | ||||||||
QATAR — 0.7% | ||||||||
Industries Qatar QSC | 2,677 | 102,191 | ||||||
Mannai Corp. QSC | 1,759 | 50,192 | ||||||
Masraf Al Rayan QSC | 19,080 | 249,684 | ||||||
Mazaya Qatar Real Estate Development QSC | 9,357 | 46,769 | ||||||
Medicare Group | 1,425 | 55,689 | ||||||
National Leasing | 15,336 | 87,394 | ||||||
Ooredoo QSC | 4,894 | 134,001 | ||||||
Qatar National Bank SAQ | 9,078 | 482,415 | ||||||
Qatari Investors Group QSC | 5,258 | 55,666 | ||||||
Vodafone Qatar QSC | 18,988 | 92,978 | ||||||
1,356,979 | ||||||||
RUSSIA — 3.9% | ||||||||
Evraz PLC | 12,612 | 35,142 | ||||||
Gazprom OAO ADR | 275,202 | 1,308,310 | ||||||
LSR Group OJSC GDR | 7,058 | 16,022 | ||||||
Lukoil OAO ADR | 25,664 | 1,188,756 | ||||||
Magnit PJSC GDR | 6,227 | 317,888 | ||||||
Mechel ADR (b) | 16,526 | 20,492 | ||||||
MMC Norilsk Nickel OJSC ADR | 39,567 | 702,908 | ||||||
Mobile Telesystems OJSC (b) | 13,358 | 57,187 | ||||||
Mobile Telesystems OJSC ADR | 50,767 | 512,747 | ||||||
NOVATEK OAO GDR | 6,106 | 457,950 | ||||||
Novolipetsk Steel OJSC GDR | 1,774 | 23,683 | ||||||
Novorossiysk Commercial Sea Port PJSC GDR | 3,276 | 6,028 | ||||||
Pharmstandard OJSC GDR (b) | 3,672 | 15,533 | ||||||
Polymetal International PLC | 6,444 | 55,101 | ||||||
Rosneft OAO GDR | 123,006 | 529,541 | ||||||
Rostelecom OJSC ADR | 4,972 | 39,478 | ||||||
Sberbank of Russia ADR (c) | 80,933 | 353,677 | ||||||
Sberbank of Russia ADR (c) | 6,157 | 27,054 | ||||||
Severstal PAO GDR | 29,483 | 331,094 | ||||||
Sistema JSFC GDR | 7,832 | 57,957 | ||||||
Surgutneftegas OAO ADR | 110,861 | 682,904 | ||||||
Tatneft OAO ADR | 17,961 | 535,058 | ||||||
TMK OAO GDR | 2,682 | 8,046 | ||||||
Uralkali PJSC GDR | 4,573 | 61,049 | ||||||
VimpelCom, Ltd. ADR | 31,151 | 163,231 | ||||||
VTB Bank OJSC GDR | 32,107 | 64,792 | ||||||
X5 Retail Group NV GDR (b) | 2,173 | 33,356 | ||||||
Yandex NV (Class A) (b) | 5,985 | 90,762 | ||||||
7,695,746 | ||||||||
SOUTH AFRICA — 8.6% | ||||||||
Adcock Ingram Holdings, Ltd. (a)(b) | 6,561 | 28,158 | ||||||
Adcorp Holdings, Ltd. | 30,365 | 79,996 | ||||||
African Bank Investments, Ltd. (a)(b)(d) | 188,976 | 4,835 | ||||||
African Rainbow Minerals, Ltd. | 6,476 | 52,850 | ||||||
Allied Electronics Corp., Ltd. | 36,096 | 41,708 | ||||||
Anglo American Platinum, Ltd. (b) | 1,766 | 43,365 | ||||||
AngloGold Ashanti, Ltd. (b) | 15,591 | 150,155 | ||||||
Aquarius Platinum, Ltd. (b) | 63,977 | 8,462 | ||||||
ArcelorMittal South Africa, Ltd. (b) | 12,105 | 18,863 | ||||||
Aspen Pharmacare Holdings, Ltd. (b) | 21,083 | 668,183 | ||||||
Aveng, Ltd. (b) | 34,942 | 32,415 | ||||||
Barclays Africa Group, Ltd. | 21,003 | 320,690 | ||||||
Barloworld, Ltd. | 14,947 | 114,481 | ||||||
Bidvest Group, Ltd. | 21,911 | 594,384 | ||||||
Business Connexion Group, Ltd. | 128,634 | 66,142 | ||||||
Coronation Fund Managers, Ltd. | 51,889 | 420,765 | ||||||
Discovery, Ltd. | 19,560 | 201,472 | ||||||
FirstRand, Ltd. | 165,727 | 763,784 | ||||||
Foschini Group, Ltd. | 19,701 | 293,607 | ||||||
Gold Fields, Ltd. | 34,763 | 147,243 | ||||||
Grindrod, Ltd. | 58,805 | 84,449 | ||||||
Group Five, Ltd. | 16,706 | 34,663 | ||||||
Harmony Gold Mining Co., Ltd. (b) | 14,073 | 24,554 | ||||||
Impala Platinum Holdings, Ltd. (b) | 24,992 | 121,348 | ||||||
Imperial Holdings, Ltd. | 11,540 | 183,735 | ||||||
Investec, Ltd. | 12,737 | 105,659 | ||||||
Invicta Holdings, Ltd. | 41,300 | 247,979 | ||||||
Kumba Iron Ore, Ltd. (a) | 2,480 | 31,931 | ||||||
Lewis Group, Ltd. (a) | 15,102 | 96,473 | ||||||
Massmart Holdings, Ltd. | 9,834 | 121,746 | ||||||
MMI Holdings, Ltd. | 55,901 | 151,422 | ||||||
MTN Group, Ltd. | 76,336 | 1,291,561 | ||||||
Murray & Roberts Holdings, Ltd. | 41,858 | 47,295 | ||||||
Naspers, Ltd. (Class N) | 19,693 | 3,039,382 | ||||||
Nedbank Group, Ltd. (a) | 22,631 | 444,131 | ||||||
Netcare, Ltd. | 131,508 | 452,606 | ||||||
Northam Platinum, Ltd. (b) | 17,587 | 66,930 | ||||||
PPC, Ltd. | 12,804 | 19,370 | ||||||
PSG Group, Ltd. | 26,059 | 355,734 | ||||||
Rand Merchant Insurance Holdings, Ltd. | 69,366 | 264,840 | ||||||
Remgro, Ltd. | 26,980 | 591,873 | ||||||
RMB Holdings, Ltd. | 56,540 | 326,092 | ||||||
Sanlam, Ltd. | 118,725 | 767,934 | ||||||
Sappi, Ltd. (b) | 17,753 | 71,693 | ||||||
Sasol, Ltd. | 21,807 | 741,829 | ||||||
Shoprite Holdings, Ltd. | 29,808 | 404,132 | ||||||
Sibanye Gold, Ltd. | 39,411 | 84,311 | ||||||
Standard Bank Group, Ltd. | 57,279 | 794,212 | ||||||
Steinhoff International Holdings, Ltd. (a) | 124,849 | 783,433 |
See accompanying notes to financial statements.
180
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Sun International, Ltd. | 10,397 | $ | 108,121 | |||||
Telkom SA SOC, Ltd. (b) | 16,826 | 109,986 | ||||||
Tiger Brands, Ltd. | 12,285 | 309,643 | ||||||
Times Media Group, Ltd. | 364 | 616 | ||||||
Trans Hex Group, Ltd. | 1,445 | 377 | ||||||
Truworths International, Ltd. | 35,622 | 259,486 | ||||||
Wilson Bayly Holmes-Ovcon, Ltd. | 14,471 | 134,567 | ||||||
Woolworths Holdings, Ltd. | 65,118 | 463,008 | ||||||
17,188,679 | ||||||||
TAIWAN — 14.2% | ||||||||
Acer, Inc. (b) | 173,701 | 112,137 | ||||||
Adlink Technology, Inc. | 29,101 | 74,682 | ||||||
Advanced Semiconductor Engineering, Inc. | 433,007 | 584,677 | ||||||
Advancetek Enterprise Co. Ltd. | 152,000 | 120,959 | ||||||
AGV Products Corp. (b) | 311,000 | 80,409 | ||||||
APCB, Inc. | 60,000 | 45,638 | ||||||
Asustek Computer, Inc. | 34,340 | 345,705 | ||||||
AU Optronics Corp. ADR (a) | 69,213 | 346,757 | ||||||
Audix Corp. | 45,600 | 62,957 | ||||||
Bank of Kaohsiung | 91,714 | 26,995 | ||||||
Basso Industry Corp. | 181,000 | 285,181 | ||||||
Biostar Microtech International Corp. | 121,000 | 38,168 | ||||||
C Sun Manufacturing Ltd. | 58,000 | 40,780 | ||||||
Carnival Industrial Corp. | 123,000 | 32,116 | ||||||
Catcher Technology Co., Ltd. | 36,000 | 377,373 | ||||||
Cathay Financial Holding Co., Ltd. | 314,541 | 502,622 | ||||||
Cathay No. 1 REIT | 82,000 | 47,748 | ||||||
Center Laboratories, Inc. (b) | 34,204 | 95,649 | ||||||
Champion Building Materials Co. Ltd. | 85,000 | 25,182 | ||||||
Chang Hwa Commercial Bank, Ltd. | 437,861 | 253,285 | ||||||
Chang Wah Electromaterials, Inc. | 8,257 | 22,668 | ||||||
Charoen Pokphand Enterprise | 258,600 | 239,261 | ||||||
Cheng Loong Corp. | 36,000 | 14,267 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 21,850 | 50,208 | ||||||
China Airlines, Ltd. (b) | 118,000 | 60,527 | ||||||
China Chemical & Pharmaceutical Co., Ltd. | 94,000 | 61,285 | ||||||
China Development Financial Holding Corp. | 743,945 | 257,968 | ||||||
China Steel Chemical Corp. | 39,595 | 187,915 | ||||||
China Steel Corp. | 480,451 | 399,224 | ||||||
Chipbond Technology Corp. | 19,000 | 40,137 | ||||||
Chong Hong Construction Co., Ltd. | 7,350 | 14,893 | ||||||
Chung Hwa Pulp Corp. (b) | 135,000 | 40,168 | ||||||
Chunghwa Chemical Synthesis & Biotech Co. Ltd. | 37,000 | 37,248 | ||||||
Chunghwa Telecom Co., Ltd. | 154,457 | 491,162 | ||||||
CMC Magnetics Corp. (b) | 189,000 | 25,309 | ||||||
Compal Electronics, Inc. | 311,774 | 259,563 | ||||||
Coxon Precise Industrial Co. Ltd. | 10,000 | 23,778 | ||||||
CTBC Financial Holding Co., Ltd. | 726,462 | 482,915 | ||||||
Da-Li Construction Co. Ltd. (b) | 67,363 | 91,497 | ||||||
Delta Electronics, Inc. | 123,340 | 778,512 | ||||||
Dimerco Express Taiwan Corp. | 166,000 | 116,715 | ||||||
Eclat Textile Co., Ltd. | 8,486 | 111,601 | ||||||
Elan Microelectronics Corp. | 2,000 | 3,420 | ||||||
Elite Semiconductor Memory Technology, Inc. | 98,750 | 157,640 | ||||||
Epistar Corp. | 38,180 | 61,498 | ||||||
Etron Technology, Inc. (b) | 12,445 | 8,054 | ||||||
Eva Airways Corp. (b) | 79,782 | 58,517 | ||||||
Excelsior Medical Co., Ltd. | 24,000 | 39,655 | ||||||
Far Eastern New Century Corp. | 331,559 | 342,261 | ||||||
Flytech Technology Co. Ltd. | 8,436 | 34,240 | ||||||
Formosa Chemicals & Fibre Corp. | 164,243 | 376,882 | ||||||
Formosa Plastics Corp. | 255,714 | 620,284 | ||||||
Founding Construction & Development Co. Ltd. | 233,932 | 152,889 | ||||||
Foxconn Technology Co., Ltd. | 78,348 | 210,330 | ||||||
Fubon Financial Holding Co., Ltd. | 393,903 | 707,490 | ||||||
Fullerton Technology Co. Ltd. | 30,000 | 26,079 | ||||||
Fwusow Industry Co. Ltd. | 117,300 | 58,481 | ||||||
Giant Manufacturing Co., Ltd. | 25,302 | 244,206 | ||||||
Grape King, Inc. | 100,000 | 433,046 | ||||||
Great Wall Enterprise Co. | 32,300 | 27,097 | ||||||
HannStar Display Corp. | 87,500 | 19,155 | ||||||
Hermes Microvision, Inc. | 2,000 | 115,372 | ||||||
Himax Technologies, Inc. ADR (a) | 3,105 | 19,655 | ||||||
Hiwin Technologies Corp. | 8,911 | 65,928 | ||||||
Hocheng Corp. | 177,000 | 58,830 | ||||||
Hon Hai Precision Industry Co., Ltd. | 543,243 | 1,590,318 | ||||||
Hong TAI Electric Industrial | 113,000 | 38,461 | ||||||
Hotai Motor Co., Ltd. | 41,000 | 633,541 | ||||||
HTC Corp. (b) | 55,198 | 246,089 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 443,712 | 253,833 | ||||||
Hung Sheng Construction Co. Ltd. (b) | 65,000 | 39,158 | ||||||
Ibase Technology, Inc. | 111,145 | 214,902 | ||||||
Innolux Corp. | 239,820 | 119,948 | ||||||
Inotera Memories, Inc. (b) | 22,000 | 29,354 | ||||||
Janfusun Fancyworld Corp. (b) | 358,112 | 52,189 | ||||||
KEE TAI Properties Co., Ltd. | 63,000 | 39,664 | ||||||
Kenda Rubber Industrial Co., Ltd. | 4,451 | 8,720 | ||||||
Kerry TJ Logistics Co., Ltd. | 54,000 | 67,220 | ||||||
Kindom Construction Co. | 42,000 | 38,188 | ||||||
Kung Long Batteries Industrial Co. Ltd. | 9,000 | 32,646 | ||||||
Kuoyang Construction Co., Ltd. | 43,225 | 19,133 | ||||||
Kwong Fong Industries | 32,000 | 20,147 | ||||||
Largan Precision Co., Ltd. | 3,000 | 258,389 | ||||||
Leofoo Development Co. (b) | 115,000 | 42,082 | ||||||
Lite-On Technology Corp. | 163,404 | 211,762 | ||||||
Long Bon International Co., Ltd. | 11,000 | 8,050 | ||||||
Long Chen Paper Co. Ltd. | 954,301 | 401,056 | ||||||
MediaTek, Inc. | 54,329 | 735,325 | ||||||
Medigen Biotechnology Corp. (b) | 5,248 | 23,397 | ||||||
Mega Financial Holding Co., Ltd. | 331,921 | 275,275 | ||||||
Merida Industry Co., Ltd. | 2,100 | 16,510 | ||||||
Merry Electronics Co., Ltd. | 13,356 | 42,898 | ||||||
Mosel Vitelic, Inc. (b) | 3,758 | 673 | ||||||
Namchow Chemical Industrial Ltd. | 53,000 | 114,334 | ||||||
Nan Ya Plastics Corp. | 250,486 | 556,369 |
See accompanying notes to financial statements.
181
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Nanya Technology Corp. (b) | 3,603 | $ | 9,097 | |||||
National Petroleum Co., Ltd. | 345,000 | 416,227 | ||||||
Neo Solar Power Corp. | 15,870 | 14,049 | ||||||
New Era Electronics Co. Ltd. | 24,000 | 26,040 | ||||||
Newmax Technology Co., Ltd. | 25,185 | 29,298 | ||||||
Nexcom International Co. Ltd. | 71,638 | 116,077 | ||||||
Novatek Microelectronics Corp. | 31,225 | 161,663 | ||||||
Pacific Hospital Supply Co. Ltd. | 21,000 | 46,510 | ||||||
Pan Jit International, Inc. (b) | 9,000 | 4,128 | ||||||
Pegatron Corp. | 55,686 | 150,738 | ||||||
Phytohealth Corp. (b) | 9,000 | 9,075 | ||||||
Pihsiang Machinery Manufacturing Co. Ltd. (b) | 24,000 | 42,953 | ||||||
Portwell, Inc. | 25,000 | 44,423 | ||||||
Pou Chen Corp. | 225,531 | 315,700 | ||||||
Powertech Technology, Inc. | 67,285 | 115,905 | ||||||
Precision Silicon Corp. (b) | 909 | 490 | ||||||
Promate Electronic Co., Ltd. | 57,000 | 71,500 | ||||||
ProMOS Technologies, Inc. (b)(f) | 130,950 | 0 | ||||||
Quanta Computer, Inc. | 216,664 | 523,483 | ||||||
Sampo Corp. | 208,000 | 91,403 | ||||||
Sesoda Corp. | 74,475 | 94,373 | ||||||
Shih Wei Navigation Co., Ltd. | 103,402 | 60,640 | ||||||
Shin Kong Financial Holding Co., Ltd. | 263,437 | 74,847 | ||||||
Siliconware Precision Industries Co., Ltd. | 157,578 | 262,378 | ||||||
Sinbon Electronics Co., Ltd. | 71,000 | 115,724 | ||||||
Sinon Corp. | 114,000 | 61,755 | ||||||
SinoPac Financial Holdings Co., Ltd. | 653,230 | 272,440 | ||||||
Sinphar Pharmaceutical Co., Ltd. | 75,120 | 92,309 | ||||||
Solar Applied Materials Technology Corp. | 162,250 | 137,153 | ||||||
Solartech Energy Corp. (b) | 10,041 | 6,322 | ||||||
Stark Technology, Inc. | 53,000 | 49,545 | ||||||
Supreme Electronics Co. Ltd. | 142,347 | 76,883 | ||||||
Ta Ya Electric Wire & Cable | 363,000 | 75,291 | ||||||
Tainan Enterprises Co., Ltd. | 40,000 | 38,351 | ||||||
Taishin Financial Holding Co., Ltd. | 630,836 | 268,141 | ||||||
Taisun Enterprise Co., Ltd. (b) | 147,000 | 58,725 | ||||||
Taiwan Acceptance Corp. | 9,000 | 22,378 | ||||||
Taiwan Cement Corp. | 276,533 | 389,744 | ||||||
Taiwan Chinsan Electronic Industrial Co. Ltd. | 28,000 | 44,743 | ||||||
Taiwan Cogeneration Corp. | 42,000 | 36,376 | ||||||
Taiwan Fire & Marine Insurance Co. | 23,000 | 16,539 | ||||||
Taiwan FU Hsing Industrial Co., Ltd. | 33,000 | 40,393 | ||||||
Taiwan Land Development Corp. | 167,587 | 83,820 | ||||||
Taiwan Mobile Co., Ltd. | 4,000 | 13,998 | ||||||
Taiwan Paiho Ltd. | 51,000 | 123,058 | ||||||
Taiwan Pulp & Paper Corp. (b) | 288,000 | 103,547 | ||||||
Taiwan Sakura Corp. | 94,000 | 68,495 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 716,500 | 3,331,759 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 39,412 | 925,394 | ||||||
Taiwan Tea Corp. | 98,913 | 54,056 | ||||||
Taiwan Union Technology Corp. | 121,000 | 121,425 | ||||||
Taiyen Biotech Co., Ltd. | 47,500 | 40,077 | ||||||
Tatung Co., Ltd. (b) | 160,885 | 43,345 | ||||||
TPK Holding Co., Ltd. | 8,000 | 55,992 | ||||||
Transasia Airways Corp. | 239,000 | 88,221 | ||||||
Tripod Technology Corp. | 67,320 | 135,544 | ||||||
Uni-President Enterprises Corp. | 109,955 | 184,137 | ||||||
United Microelectronics Corp. ADR (a) | 234,556 | 572,317 | ||||||
Unity Opto Technology Co., Ltd. | 12,759 | 12,947 | ||||||
Ve Wong Corp. | 55,000 | 41,834 | ||||||
Visual Photonics Epitaxy Co., Ltd. | 145,259 | 181,980 | ||||||
Wei Chuan Food Corp. | 30,000 | 24,017 | ||||||
Wei Mon Industry Co. Ltd. (b) | 212,450 | 66,268 | ||||||
Weikeng Industrial Co., Ltd. | 61,000 | 45,618 | ||||||
Winbond Electronics Corp. (b) | 43,000 | 14,155 | ||||||
Wistron Corp. | 143,126 | 121,673 | ||||||
Zeng Hsing Industrial Co. Ltd. | 23,350 | 141,787 | ||||||
Zenitron Corp. | 131,000 | 79,756 | ||||||
28,435,510 | ||||||||
THAILAND — 3.2% | ||||||||
Advanced Info Service PCL | 98,415 | 716,790 | ||||||
Airports of Thailand PCL | 16,000 | 137,677 | ||||||
Bangkok Dusit Medical Services PCL | 45,000 | 27,243 | ||||||
Bangkok Expressway PCL | 323,559 | 387,793 | ||||||
Bangkokland PCL | 635,600 | 29,299 | ||||||
Banpu PCL | 128,280 | 116,296 | ||||||
BEC World PCL (d) | 24,600 | 30,996 | ||||||
Big C Supercenter PCL | 3,600 | 25,446 | ||||||
BTS Group Holdings PCL | 29,500 | 8,295 | ||||||
Central Pattana PCL | 47,500 | 62,404 | ||||||
Central Plaza Hotel PCL | 35,200 | 35,427 | ||||||
CH Karnchang PCL | 6,048 | 4,609 | ||||||
Charoen Pokphand Foods PCL | 17,700 | 12,239 | ||||||
CP ALL PCL | 164,300 | 207,016 | ||||||
Electricity Generating PCL | 73,674 | 343,012 | ||||||
IRPC PCL | 825,858 | 109,133 | ||||||
Jasmine International PCL | 158,700 | 28,043 | ||||||
Kasikornbank PCL (c) | 51,900 | 366,841 | ||||||
Kasikornbank PCL (c) | 1,200 | 8,445 | ||||||
Krung Thai Bank PCL | 40,800 | 28,588 | ||||||
Land and Houses PCL | 66,400 | 20,202 | ||||||
Minor International PCL | 7,000 | 7,529 | ||||||
Pruksa Real Estate PCL | 24,100 | 21,478 | ||||||
PTT Exploration & Production PCL | 116,741 | 391,050 | ||||||
PTT Global Chemical PCL | 20,200 | 32,435 | ||||||
PTT PCL | 68,224 | 677,208 | ||||||
Quality Houses PCL | 190,700 | 22,153 | ||||||
Sansiri PCL | 231,233 | 13,146 | ||||||
Siam Cement PCL (c) | 5,500 | 86,540 | ||||||
Siam Cement PCL (c) | 30,800 | 482,729 | ||||||
Siam Commercial Bank PCL | 106,102 | 580,398 | ||||||
Siam Future Development PCL | 135,344 | 28,907 | ||||||
Tesco Lotus Retail Growth Freehold & Leasehold Property Fund | 79,966 | 33,176 | ||||||
Thai Airways International PCL (b) | 57,000 | 18,918 |
See accompanying notes to financial statements.
182
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Thai Beverage PCL | 365,000 | $ | 203,561 | |||||
Thai Oil PCL | 101,795 | 162,672 | ||||||
Thaicom PCL | 36,400 | 38,872 | ||||||
Ticon Industrial Connection PCL | 105,780 | 49,087 | ||||||
Tisco Financial Group PCL | 153,318 | 215,559 | ||||||
TMB Bank PCL | 4,132,317 | 378,436 | ||||||
Total Access Communication PCL | 7,200 | 18,144 | ||||||
Toyo-Thai Corp. PCL | 6,600 | 5,375 | ||||||
True Corp. PCL (b) | 339,373 | 130,368 | ||||||
6,303,535 | ||||||||
TURKEY — 1.7% | ||||||||
Akbank TAS | 93,539 | 275,592 | ||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS (b) | 20,107 | 168,042 | ||||||
Aselsan Elektronik Sanayi Ve Ticaret AS | 2,781 | 13,174 | ||||||
BIM Birlesik Magazalar AS | 3,661 | 65,000 | ||||||
Coca-Cola Icecek AS | 420 | 7,109 | ||||||
Dogan Sirketler Grubu Holdings AS (b) | 143,481 | 33,708 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 138,316 | 215,212 | ||||||
Haci Omer Sabanci Holding AS | 49,896 | 176,409 | ||||||
KOC Holding AS | 74,887 | 341,772 | ||||||
Migros Ticaret AS (b) | 781 | 6,271 | ||||||
Tupras-Turkiye Petrol Rafinerileri AS | 11,336 | 269,156 | ||||||
Turk Hava Yollari AO (b) | 24,562 | 81,259 | ||||||
Turkcell Iletisim Hizmetleri AS (b) | 43,000 | 221,086 | ||||||
Turkiye Garanti Bankasi AS | 200,784 | 659,614 | ||||||
Turkiye Halk Bankasi AS | 9,566 | 47,342 | ||||||
Turkiye Is Bankasi (Class C) | 116,843 | 264,151 | ||||||
Turkiye Vakiflar Bankasi Tao (Class D) | 16,332 | 26,795 | ||||||
Ulker Biskuvi Sanayi AS | 47,499 | 356,723 | ||||||
Yapi ve Kredi Bankasi AS | 75,166 | 115,796 | ||||||
3,344,211 | ||||||||
UNITED ARAB EMIRATES — 0.5% | ||||||||
Abu Dhabi Commercial Bank PJSC | 84,352 | 148,590 | ||||||
Air Arabia PJSC | 194,876 | 75,342 | ||||||
Aldar Properties PJSC | 163,484 | 105,491 | ||||||
Arabtec Holding PJSC (b) | 86,660 | 53,795 | ||||||
DP World, Ltd. | 6,681 | 144,310 | ||||||
Emaar Properties PJSC | 141,174 | 253,682 | ||||||
First Gulf Bank PJSC | 26,802 | 106,540 | ||||||
National Bank of Abu Dhabi PJSC | 52,723 | 170,820 | ||||||
National Central Cooling Co. PJSC | 146,934 | 43,205 | ||||||
1,101,775 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $216,969,749) | 195,128,572 | |||||||
CORPORATE BONDS & NOTES — 0.0% (g) | ||||||||
INDIA — 0.0% (g) | ||||||||
NTPC, Ltd. 8.49%, 3/25/2025 (Cost $0) | INR | 995,400 | 16,165 | |||||
RIGHTS — 0.0% (g) | ||||||||
MALAYSIA — 0.0% (g) | ||||||||
KNM Group Bhd (expiring 4/13/15) (b) | 45,103 | 1,827 | ||||||
PHILIPPINES — 0.0% (g) | ||||||||
GT Capital Holdings, Inc. (expiring 04/08/15) (b)(f) | 570 | 0 | ||||||
SOUTH AFRICA — 0.0% (g) | ||||||||
Discovery, Ltd. (expiring 4/2/15) (b) | 1,969 | 5,656 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $0) | 7,483 | |||||||
WARRANTS — 0.0% (g) | ||||||||
MALAYSIA — 0.0% (g) | ||||||||
KNM Group Bhd (expiring 11/15/17) (b) | 66,786 | 2,795 | ||||||
KPJ Healthcare Bhd (expiring 01/23/19) (b) | 2,080 | 351 | ||||||
Malaysian Resources Corp. Bhd (expiring 09/16/18) (b) | 123,400 | 6,164 | ||||||
9,310 | ||||||||
THAILAND — 0.0% (g) | ||||||||
Minor International PCL (expiring 11/3/17) (b) | 480 | 63 | ||||||
Sansiri PCL (expiring 11/24/17) (b) | 75,433 | 696 | ||||||
759 | ||||||||
TOTAL WARRANTS — | ||||||||
(Cost $9,950) | 10,069 | |||||||
SHORT TERM INVESTMENTS — 5.5% | ||||||||
UNITED STATES — 5.5% | ||||||||
MONEY MARKET FUNDS — 5.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (h)(i) | 9,213,999 | 9,213,999 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (i)(j)(k) | 1,788,956 | 1,788,956 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $11,002,955) | 11,002,955 | |||||||
�� | ||||||||
TOTAL INVESTMENTS — 103.3% | ||||||||
(Cost $227,982,654) | 206,165,244 | |||||||
OTHER ASSETS & LIABILITIES — (3.3)% | (6,503,248 | ) | ||||||
NET ASSETS — 100.0% | $ | 199,661,996 | ||||||
See accompanying notes to financial statements.
183
SPDR S&P Emerging Markets ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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 Oversight Committee in accordance with procedures approved by the Board of Trustees (see accompanying Notes to Schedules of Investments). | |||||
(e) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.6% of net assets as of March 31, 2015, 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 Oversight 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. | |||||
(k) | Security, or a portion thereof, is designated on the Fund’s books or pledged as collateral for futures contracts. |
ADR = American Depositary Receipt
ADS = American Depositary Shares
GDR = Global Depositary Receipt
INR = Indian Rupee
OJSC = Open Joint Stock Company
PCL = Public Company Limited
PJSC = Public Joint Stock Company
PLC = Public Limited Company
REIT = Real Estate Investment Trust
At March 31, 2015, open futures contracts purchased were as follows:
Expiration | Unrealized | |||||||||||||||
Futures | Date | Contracts | Value | Depreciation | ||||||||||||
MSCI Taiwan Index Futures | 4/29/2015 | 94 | $ | 3,318,200 | $ | (29,406 | ) |
See accompanying notes to financial statements.
184
SPDR S&P Emerging Markets Dividend ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
BRAZIL — 18.3% | ||||||||
AES Tiete SA Preference Shares | 414,678 | $ | 2,231,614 | |||||
Alupar Investimento SA | 101,977 | 615,799 | ||||||
Banco do Brasil SA ADR (a) | 513,236 | 3,672,204 | ||||||
Banco do Estado do Rio Grande do Sul SA Preference Shares | 627,867 | 2,160,926 | ||||||
CCR SA | 2,101,000 | 10,715,028 | ||||||
CETIP SA — Mercados Organizados | 263,800 | 2,628,838 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo ADR | 2,103,938 | 11,403,344 | ||||||
Companhia Energetica de Minas Gerais ADR (a) | 2,663,897 | 10,895,339 | ||||||
Companhia Energetica de Sao Paulo Preference Shares (Class B) | 647,000 | 4,789,594 | ||||||
EcoRodovias Infraestrutura e Logistica SA | 949,300 | 2,670,194 | ||||||
Grendene SA | 208,644 | 1,067,341 | ||||||
Light SA | 528,235 | 2,379,958 | ||||||
Mahle-Metal Leve SA | 90,475 | 563,328 | ||||||
Souza Cruz SA | 746,700 | 5,934,163 | ||||||
Tractebel Energia SA | 212,423 | 2,346,151 | ||||||
Tractebel Energia SA ADR | 311,262 | 3,437,799 | ||||||
Transmissora Alianca de Energia Electrica SA | 351,553 | 2,303,282 | ||||||
Vale SA Preference Shares ADR (a) | 1,604,708 | 7,782,834 | ||||||
77,597,736 | ||||||||
CHILE — 1.2% | ||||||||
Aguas Andinas SA Class A | 2,905,552 | 1,703,341 | ||||||
Banco de Chile ADR | 32,498 | 2,179,316 | ||||||
Inversiones Aguas Metropolitanas SA | 717,483 | 1,156,789 | ||||||
5,039,446 | ||||||||
CHINA — 9.0% | ||||||||
Bank of China, Ltd. (Class H) | 5,163,536 | 2,983,683 | ||||||
China CITIC Bank Corp., Ltd. (Class H) | 3,519,000 | 2,650,694 | ||||||
China Hongqiao Group, Ltd. (a) | 3,080,789 | 1,847,746 | ||||||
Country Garden Holdings Co., Ltd. (a) | 8,870,000 | 3,580,926 | ||||||
Guangzhou R&F Properties Co., Ltd. (Class H) (a) | 2,917,511 | 2,991,624 | ||||||
Jiangsu Expressway Co., Ltd. (Class H) | 10,826,000 | 14,550,005 | ||||||
Soho China, Ltd. (a) | 1,983,500 | 1,350,808 | ||||||
Xinyi Glass Holdings, Ltd. (a) | 6,524,000 | 4,030,667 | ||||||
Zhejiang Expressway Co., Ltd. (Class H) | 3,012,000 | 3,993,701 | ||||||
37,979,854 | ||||||||
COLOMBIA — 2.7% | ||||||||
Ecopetrol SA ADR (a) | 744,301 | 11,328,261 | ||||||
CZECH REPUBLIC — 0.8% | ||||||||
Komercni Banka AS | 15,981 | 3,450,658 | ||||||
HONG KONG — 5.9% | ||||||||
Agile Property Holdings, Ltd. (a) | 8,932,000 | 5,368,612 | ||||||
Evergrande Real Estate Group, Ltd. (a) | 13,410,000 | 6,762,900 | ||||||
Greentown China Holdings, Ltd. (a) | 3,984,500 | 3,576,930 | ||||||
KWG Property Holding, Ltd. | 5,062,000 | 3,590,974 | ||||||
Poly Property Group Co., Ltd. (a) | 9,081,000 | 4,415,729 | ||||||
Shenzhen Investment, Ltd. (a) | 3,662,829 | 1,355,895 | ||||||
25,071,040 | ||||||||
INDIA — 3.9% | ||||||||
Coal India, Ltd. | 120,305 | 697,632 | ||||||
Indiabulls Housing Finance, Ltd. | 497,073 | 4,431,312 | ||||||
NMDC, Ltd. | 5,460,338 | 11,233,692 | ||||||
16,362,636 | ||||||||
INDONESIA — 2.1% | ||||||||
Indo Tambangraya Megah Tbk PT | 2,308,700 | 2,984,094 | ||||||
Matahari Putra Prima Tbk PT | 19,198,300 | 5,814,552 | ||||||
8,798,646 | ||||||||
MALAYSIA — 2.4% | ||||||||
BIMB Holdings Bhd | 709,200 | 785,128 | ||||||
British American Tobacco Malaysia Bhd | 84,400 | 1,564,710 | ||||||
HAP Seng Consolidated Bhd | 1,514,700 | 1,860,911 | ||||||
Malayan Banking Bhd | 1,616,412 | 4,072,128 | ||||||
YTL Corp. Bhd | 4,574,100 | 2,062,575 | ||||||
10,345,452 | ||||||||
MEXICO — 2.4% | ||||||||
Grupo Financiero Santander Mexico SAB de CV ADR (Class B) (a) | 756,921 | 8,265,577 | ||||||
PLA Administradora Industrial S de RL de CV (a)(b) | 1,044,345 | 2,121,013 | ||||||
10,386,590 | ||||||||
POLAND — 4.2% | ||||||||
Bank Handlowy w Warszawie SA | 30,388 | 868,400 | ||||||
Bank Pekao SA | 75,847 | 3,676,824 | ||||||
PGE Polska Grupa Energetyczna SA | 1,601,265 | 8,801,362 | ||||||
Powszechny Zaklad Ubezpieczen SA | 34,905 | 4,501,792 | ||||||
17,848,378 | ||||||||
RUSSIA — 2.6% | ||||||||
E.ON Russia JSC (b) | 22,721,756 | 1,150,016 | ||||||
Eurasia Drilling Co., Ltd. GDR | 69,186 | 1,328,371 | ||||||
Gazprom Neft JSC ADR | 24,847 | 330,465 | ||||||
Gazprom Neft OAO ADR | 19,077 | 256,014 | ||||||
MegaFon OAO GDR | 396,294 | 6,340,704 | ||||||
PhosAgro OAO GDR | 132,874 | 1,501,476 | ||||||
10,907,046 | ||||||||
SOUTH AFRICA — 9.5% | ||||||||
Acucap Properties, Ltd. | 127,944 | 600,847 | ||||||
Assore, Ltd. (a) | 114,630 | 1,258,293 | ||||||
Capital Property Fund | 1,060,160 | 1,224,986 | ||||||
Foschini Group, Ltd. | 549,451 | 8,188,538 | ||||||
Growthpoint Properties, Ltd. REIT | 1,527,810 | 3,615,171 | ||||||
Hyprop Investments, Ltd. | 130,228 | 1,268,289 | ||||||
Kumba Iron Ore, Ltd. (a) | 303,847 | 3,912,112 | ||||||
MMI Holdings, Ltd. | 1,198,361 | 3,246,071 | ||||||
Redefine Properties, Ltd. | 3,511,772 | 3,594,014 | ||||||
Resilient Property Income Fund, Ltd. | 351,198 | 3,014,513 | ||||||
Vodacom Group, Ltd. (a) | 953,592 | 10,443,175 | ||||||
40,366,009 | ||||||||
See accompanying notes to financial statements.
185
SPDR S&P Emerging Markets Dividend ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
SOUTH KOREA — 3.6% | ||||||||
Macquarie Korea Infrastructure Fund | 307,885 | $ | 2,172,914 | |||||
SK Telecom Co., Ltd. | 52,990 | 13,015,255 | ||||||
15,188,169 | ||||||||
TAIWAN — 15.2% | ||||||||
Asustek Computer, Inc. | 1,316,000 | 13,248,322 | ||||||
Chicony Electronics Co., Ltd. | 1,107,514 | 3,107,693 | ||||||
China Steel Chemical Corp. | 431,000 | 2,045,494 | ||||||
Clevo Co. | 960,000 | 1,494,151 | ||||||
Far Eastern New Century Corp. | 3,525,780 | 3,639,588 | ||||||
Farglory Land Development Co., Ltd. | 1,039,635 | 1,199,451 | ||||||
Lite-On Technology Corp. | 3,996,928 | 5,179,784 | ||||||
Radiant Opto-Electronics Corp. | 1,810,300 | 5,635,130 | ||||||
Ruentex Development Co., Ltd. | 1,924,000 | 2,951,486 | ||||||
Ruentex Industries, Ltd. | 1,315,000 | 2,878,795 | ||||||
Synnex Technology International Corp. | 2,120,000 | 2,865,964 | ||||||
Taiwan Cement Corp. | 4,112,000 | 5,795,436 | ||||||
Taiwan Mobile Co., Ltd. | 2,182,200 | 7,636,654 | ||||||
Transcend Information, Inc. | 278,000 | 986,194 | ||||||
WPG Holdings, Ltd. | 2,553,000 | 3,288,140 | ||||||
Yulon Nissan Motor Co., Ltd. | 227,000 | 2,198,178 | ||||||
64,150,460 | ||||||||
THAILAND — 11.9% | ||||||||
Advanced Info Service PCL | 30 | 218 | ||||||
Advanced Info Service PCL NVDR | 1,741,045 | 12,680,629 | ||||||
Delta Electronics Thai PCL NVDR | 1,340,616 | 3,100,226 | ||||||
Intouch Holdings PCL NVDR (a) | 4,927,900 | 11,698,841 | ||||||
Kiatnakin Bank PCL NVDR (a) | 592,485 | 710,108 | ||||||
Land and Houses PCL NVDR | 10,582,014 | 3,170,702 | ||||||
PTT Global Chemical PCL NVDR | 7,931,900 | 12,736,379 | ||||||
Thai Oil PCL (a) | 1,704,400 | 2,723,688 | ||||||
Thai Oil PCL ADR | 1,234,600 | 1,972,932 | ||||||
Tisco Financial Group PCL NVDR | 507,700 | 713,807 | ||||||
TTW PCL NVDR | 2,180,600 | 763,947 | ||||||
50,271,477 | ||||||||
TURKEY — 4.0% | ||||||||
Koza Altin Isletmeleri AS | 723,442 | 7,843,209 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 584,879 | 3,547,793 | ||||||
Turk Telekomunikasyon AS | 1,722,899 | 4,578,472 | ||||||
Turk Traktor ve Ziraat Makineleri AS | 33,598 | 1,001,535 | ||||||
16,971,009 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $473,476,181) | 422,062,867 | |||||||
SHORT TERM INVESTMENTS — 14.2% | ||||||||
UNITED STATES — 14.2% | ||||||||
MONEY MARKET FUNDS — 14.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 58,975,610 | 58,975,610 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (d)(e) | 1,040,949 | 1,040,949 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $60,016,559) | 60,016,559 | |||||||
TOTAL INVESTMENTS — 113.9% | ||||||||
(Cost $533,492,740) | 482,079,426 | |||||||
OTHER ASSETS & LIABILITIES — (13.9)% | (58,882,706 | ) | ||||||
NET ASSETS — 100.0% | $ | 423,196,720 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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
GDR = Global Depositary Receipt
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
186
SPDR S&P BRIC 40 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
BRAZIL — 12.4% | ||||||||
Ambev SA ADR (a) | 518,897 | $ | 2,988,847 | |||||
Banco Bradesco SA Preference Shares ADR | 287,527 | 2,668,250 | ||||||
BRF SA ADR | 75,536 | 1,494,102 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 314,455 | 3,477,872 | ||||||
Petroleo Brasileiro SA ADR (a) | 169,503 | 1,018,713 | ||||||
Ultrapar Participacoes SA ADR | 49,453 | 998,951 | ||||||
Vale SA ADR (a) | 168,489 | 951,963 | ||||||
13,598,698 | ||||||||
CHINA — 55.0% | ||||||||
Agricultural Bank of China, Ltd. (Class H) | 2,723,000 | 1,348,672 | ||||||
Alibaba Group Holding, Ltd. ADR (a)(b) | 42,109 | 3,505,153 | ||||||
Baidu, Inc. ADR (b) | 31,117 | 6,484,783 | ||||||
Bank of China, Ltd. (Class H) | 7,808,254 | 4,511,899 | ||||||
Bank of Communications Co., Ltd. (Class H) | 2,353,000 | 2,018,231 | ||||||
China Construction Bank Corp. (Class H) | 9,307,610 | 7,731,281 | ||||||
China Life Insurance Co., Ltd. (Class H) | 849,000 | 3,717,705 | ||||||
China Merchants Bank Co., Ltd. (Class H) | 523,860 | 1,279,742 | ||||||
China Petroleum & Chemical Corp. (Class H) | 2,903,174 | 2,310,392 | ||||||
China Shenhua Energy Co., Ltd. (Class H) | 386,500 | 987,057 | ||||||
China Telecom Corp., Ltd. (Class H) | 1,582,000 | 1,014,122 | ||||||
Hengan International Group Co., Ltd. | 88,500 | 1,062,724 | ||||||
Industrial & Commercial Bank of China, Ltd. (Class H) | 9,292,960 | 6,856,106 | ||||||
PetroChina Co., Ltd. (Class H) | 2,398,171 | 2,653,963 | ||||||
Ping An Insurance Group Co. of China, Ltd. (Class H) | 225,000 | 2,704,742 | ||||||
Tencent Holdings, Ltd. | 608,126 | 11,545,927 | ||||||
Want Want China Holdings, Ltd. (a) | 781,000 | 829,045 | ||||||
60,561,544 | ||||||||
HONG KONG — 13.0% | ||||||||
China Mobile, Ltd. | 626,000 | 8,171,133 | ||||||
China Overseas Land & Investment, Ltd. | 452,560 | 1,462,215 | ||||||
CITIC, Ltd. | 623,000 | 1,067,121 | ||||||
CNOOC, Ltd. | 1,833,221 | 2,591,509 | ||||||
Lenovo Group, Ltd. (a) | 724,000 | 1,057,091 | ||||||
14,349,069 | ||||||||
INDIA — 9.5% | ||||||||
HDFC Bank, Ltd. ADR | 44,921 | 2,645,398 | ||||||
ICICI Bank, Ltd. ADR | 160,203 | 1,659,703 | ||||||
Infosys, Ltd. ADR (a) | 109,788 | 3,851,363 | ||||||
Reliance Industries, Ltd. GDR (c) | 48,471 | 1,282,058 | ||||||
Tata Motors, Ltd. ADR (a) | 21,413 | 964,870 | ||||||
10,403,392 | ||||||||
RUSSIA — 9.8% | ||||||||
Gazprom OAO ADR | 674,025 | 3,204,315 | ||||||
Lukoil OAO ADR (d) | 1,675 | 76,933 | ||||||
Lukoil OAO ADR (d) | 57,412 | 2,659,324 | ||||||
Magnit PJSC GDR | 32,842 | 1,676,584 | ||||||
MMC Norilsk Nickel OJSC ADR | 55,870 | 992,530 | ||||||
Sberbank of Russia ADR (d) | 14,597 | 63,789 | ||||||
Sberbank of Russia ADR (d) | 292,709 | 1,286,163 | ||||||
Tatneft OAO ADR | 27,709 | 825,451 | ||||||
10,785,089 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $131,179,449) | 109,697,792 | |||||||
SHORT TERM INVESTMENTS — 9.5% | ||||||||
UNITED STATES — 9.5% | ||||||||
MONEY MARKET FUNDS — 9.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 9,994,758 | 9,994,758 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) | 449,362 | 449,362 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $10,444,120) | 10,444,120 | |||||||
TOTAL INVESTMENTS — 109.2% | ||||||||
(Cost $141,623,569) | 120,141,912 | |||||||
OTHER ASSETS & LIABILITIES — (9.2)% | (10,104,691 | ) | ||||||
NET ASSETS — 100.0% | $ | 110,037,221 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(c) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 1.2% of net assets as of March 31, 2015, 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
OJSC = Open Joint Stock Company
PJSC = Public Joint Stock Company
See accompanying notes to financial statements.
187
SPDR S&P Emerging Europe ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.4% | ||||||||
BRITISH VIRGIN ISLANDS — 0.1% | ||||||||
Lenta, Ltd. GDR (a) | 7,174 | $ | 55,240 | |||||
CYPRUS — 0.3% | ||||||||
QIWI PLC ADR | 4,467 | 107,297 | ||||||
TCS Group Holding PLC GDR | 11,926 | 28,623 | ||||||
135,920 | ||||||||
CZECH REPUBLIC — 2.7% | ||||||||
CEZ AS | 30,155 | 737,499 | ||||||
Komercni Banka AS | 2,280 | 492,303 | ||||||
O2 Czech Republic AS | 13,822 | 110,491 | ||||||
1,340,293 | ||||||||
GREECE — 5.3% | ||||||||
Aegean Airlines SA (a) | 4,799 | 38,295 | ||||||
Alpha Bank AE (a) | 665,867 | 196,664 | ||||||
Athens Water Supply & Sewage Co. SA | 4,468 | 25,673 | ||||||
Costamare, Inc. | 3,309 | 58,271 | ||||||
Diana Shipping, Inc. (a) | 3,696 | 22,619 | ||||||
DryShips, Inc. (a) | 40,218 | 30,566 | ||||||
Ellaktor SA (a) | 17,905 | 34,229 | ||||||
Eurobank Ergasias SA (a) | 800,000 | 90,216 | ||||||
FF Group (a) | 4,817 | 143,512 | ||||||
Fourlis Holdings SA (a) | 6,626 | 19,214 | ||||||
Frigoglass SAIC (a) | 6,690 | 11,352 | ||||||
GEK Terna Holding Real Estate Construction SA (a) | 12,633 | 23,472 | ||||||
Grivalia Properties REIC | 5,977 | 48,787 | ||||||
Hellenic Exchanges — Athens Stock Exchange SA Holding (a) | 10,348 | 51,901 | ||||||
Hellenic Petroleum SA (a) | 8,529 | 32,518 | ||||||
Hellenic Telecommunications Organization SA (a) | 35,519 | 314,716 | ||||||
Intralot SA — Integrated Lottery Systems & Services (a) | 19,869 | 32,009 | ||||||
JUMBO SA | 15,878 | 165,073 | ||||||
Lamda Development SA (a) | 4,173 | 16,359 | ||||||
Marfin Investment Group Holdings SA (a) | 85,239 | 11,993 | ||||||
Metka SA | 4,046 | 37,805 | ||||||
Motor Oil Hellas Corinth Refineries SA | 8,733 | 64,717 | ||||||
Mytilineos Holdings SA (a) | 12,047 | 72,197 | ||||||
National Bank of Greece SA (a) | 240,114 | 283,671 | ||||||
Navios Maritime Holdings, Inc. | 6,588 | 27,538 | ||||||
OPAP SA | 33,752 | 316,459 | ||||||
Piraeus Bank SA (a) | 251,044 | 96,794 | ||||||
Piraeus Port Authority SA | 1,148 | 13,809 | ||||||
Public Power Corp. SA (a) | 16,977 | 103,930 | ||||||
Safe Bulkers, Inc. | 2,893 | 10,386 | ||||||
Terna Energy SA (a) | 8,658 | 20,364 | ||||||
Titan Cement Co. SA | 7,793 | 178,860 | ||||||
Tsakos Energy Navigation, Ltd. | 3,058 | 25,014 | ||||||
2,618,983 | ||||||||
HUNGARY — 3.0% | ||||||||
Magyar Telekom Telecommunications PLC (a) | 103,144 | 152,209 | ||||||
MOL Hungarian Oil and Gas PLC | 8,845 | 383,973 | ||||||
OTP Bank PLC | 32,272 | 613,098 | ||||||
Richter Gedeon NyRt | 25,042 | 345,327 | ||||||
1,494,607 | ||||||||
MONACO — 0.2% | ||||||||
GasLog, Ltd. (b) | 5,201 | 101,003 | ||||||
POLAND — 19.5% | ||||||||
Agora SA (a) | 35,737 | 96,046 | ||||||
Asseco Poland SA | 17,315 | 269,441 | ||||||
Bank Handlowy w Warszawie SA | 4,672 | 133,512 | ||||||
Bank Millennium SA | 23,967 | 42,036 | ||||||
Bank Pekao SA | 21,371 | 1,035,999 | ||||||
Bank Zachodni WBK SA | 4,375 | 398,094 | ||||||
CCC SA | 3,148 | 151,858 | ||||||
Cyfrowy Polsat SA | 23,933 | 157,491 | ||||||
Echo Investment SA (a) | 89,046 | 155,945 | ||||||
Enea SA | 17,988 | 78,376 | ||||||
Energa SA | 28,425 | 186,676 | ||||||
Eurocash SA | 10,858 | 93,760 | ||||||
Getin Holding SA (a) | 63,181 | 34,661 | ||||||
Getin Noble Bank SA (a) | 191,870 | 85,523 | ||||||
Globe Trade Centre SA (a) | 42,639 | 63,315 | ||||||
Grupa Azoty SA | 3,735 | 79,793 | ||||||
Grupa Kety SA | 453 | 35,843 | ||||||
ING Bank Slaski SA | 3,888 | 140,282 | ||||||
Jastrzebska Spolka Weglowa SA (a) | 2,714 | 12,369 | ||||||
KGHM Polska Miedz SA | 22,550 | 713,702 | ||||||
LPP SA | 117 | 218,312 | ||||||
Lubelski Wegiel Bogdanka SA | 7,879 | 174,350 | ||||||
mBank | 2,510 | 291,515 | ||||||
Netia SA | 171,229 | 266,452 | ||||||
Orange Polska SA | 127,412 | 320,252 | ||||||
Orbis SA | 5,275 | 64,972 | ||||||
PGE Polska Grupa Energetyczna SA | 89,650 | 492,762 | ||||||
Polski Koncern Naftowy Orlen SA | 46,656 | 729,096 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo SA | 264,013 | 382,981 | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA | 133,584 | 1,197,905 | ||||||
Powszechny Zaklad Ubezpieczen SA | 8,024 | 1,034,877 | ||||||
Synthos SA | 87,352 | 101,371 | ||||||
Tauron Polska Energia SA | 241,505 | 280,901 | ||||||
TVN SA (a) | 45,562 | 206,089 | ||||||
9,726,557 | ||||||||
RUSSIA — 47.3% | ||||||||
Bank Otkritie Financial Corp. PJSC GDR (a)(c) | 7,690 | 74,417 | ||||||
CTC Media, Inc. | 9,624 | 38,111 | ||||||
Etalon Group, Ltd. GDR | 15,062 | 32,157 | ||||||
Eurasia Drilling Co., Ltd. GDR | 7,732 | 148,454 | ||||||
Evraz PLC | 76,687 | 213,681 | ||||||
Gazprom Neft OAO ADR | 6,355 | 85,284 | ||||||
Gazprom OAO ADR | 884,174 | 4,203,363 | ||||||
Globaltrans Investment PLC GDR | 12,463 | 56,333 | ||||||
LSR Group OJSC GDR | 31,131 | 70,667 | ||||||
Lukoil OAO ADR | 79,089 | 3,663,403 | ||||||
Magnit PJSC (a) | 1,000 | 194,831 | ||||||
Magnit PJSC GDR | 33,201 | 1,694,911 | ||||||
Mail.ru Group, Ltd. GDR (a) | 15,404 | 306,078 | ||||||
Mechel ADR (a) | 22,467 | 27,859 |
See accompanying notes to financial statements.
188
SPDR S&P Emerging Europe ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
MegaFon OAO GDR | 15,277 | $ | 244,432 | |||||
MMC Norilsk Nickel OJSC ADR | 78,626 | 1,396,791 | ||||||
Mobile Telesystems OJSC (a) | 38,158 | 163,359 | ||||||
Mobile Telesystems OJSC ADR | 81,015 | 818,252 | ||||||
NovaTek OAO GDR | 12,364 | 927,300 | ||||||
Novolipetsk Steel OJSC GDR | 13,746 | 183,509 | ||||||
O’Key Group SA GDR | 5,801 | 21,145 | ||||||
Pharmstandard OJSC GDR (a) | 6,162 | 26,065 | ||||||
PhosAgro OAO GDR | 13,823 | 156,200 | ||||||
PIK Group GDR | 55,702 | 181,310 | ||||||
Polymetal International PLC | 34,497 | 294,974 | ||||||
Polyus Gold International, Ltd. | 99,769 | 276,960 | ||||||
Rosneft OAO GDR | 178,594 | 768,847 | ||||||
Rostelecom OJSC ADR | 28,252 | 224,321 | ||||||
RusHydro JSC ADR (d) | 144,826 | 139,033 | ||||||
RusHydro JSC ADR (d) | 8,255 | 7,991 | ||||||
Sberbank (a) | 1,540,110 | 1,653,319 | ||||||
Sberbank of Russia ADR | 26,982 | 118,559 | ||||||
Severstal PAO GDR | 33,627 | 377,631 | ||||||
Sistema JSFC GDR | 28,027 | 207,400 | ||||||
Surgutneftegas OAO ADR | 178,540 | 1,099,806 | ||||||
Surgutneftegas OAO Preference Share (a) | 581,400 | 445,198 | ||||||
Tatneft OAO ADR | 34,417 | 1,025,282 | ||||||
TMK OAO GDR | 7,025 | 21,075 | ||||||
United Co. RUSAL PLC (a) | 169,134 | 105,367 | ||||||
Uralkali PJSC GDR | 35,836 | 478,411 | ||||||
VimpelCom, Ltd. ADR | 33,069 | 173,282 | ||||||
VTB Bank OJSC GDR | 235,762 | 475,768 | ||||||
X5 Retail Group NV GDR (a) | 15,867 | 243,559 | ||||||
Yandex NV (a) | 32,154 | 487,615 | ||||||
23,552,310 | ||||||||
TURKEY — 21.0% | ||||||||
Akbank TAS | 258,907 | 762,811 | ||||||
Anadolu Anonim Turk Sigorta Sirketi | 223,168 | 112,594 | ||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS (a) | 36,908 | 308,455 | ||||||
Arcelik AS | 74,262 | 429,012 | ||||||
BIM Birlesik Magazalar AS | 29,535 | 524,384 | ||||||
Coca-Cola Icecek AS | 7,373 | 124,800 | ||||||
Dogan Sirketler Grubu Holdings AS (a) | 289,138 | 67,928 | ||||||
Dogus Otomotiv Servis ve Ticaret AS | 31,791 | 168,352 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT | 309,720 | 351,887 | ||||||
Enka Insaat ve Sanayi AS | 156,348 | 313,118 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 301,971 | 469,849 | ||||||
Ford Otomotiv Sanayi AS | 6,255 | 80,822 | ||||||
Haci Omer Sabanci Holding AS | 171,646 | 606,859 | ||||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Class D) (a) | 122,794 | 79,451 | ||||||
KOC Holding AS | 170,239 | 776,943 | ||||||
Kombassan Holdings AS (a) | 17,369 | 14,917 | ||||||
Koza Altin Isletmeleri AS | 4,281 | 46,413 | ||||||
Petkim Petrokimya Holding AS | 26,826 | 35,747 | ||||||
TAV Havalimanlari Holding AS (a) | 16,819 | 140,887 | ||||||
Tekfen Holding AS (a) | 8,946 | 16,193 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 8,266 | 50,140 | ||||||
Tupras-Turkiye Petrol Rafinerileri AS | 23,706 | 562,864 | ||||||
Turk Hava Yollari AO (a) | 180,224 | 596,235 | ||||||
Turk Sise ve Cam Fabrikalari AS | 85,580 | 105,801 | ||||||
Turk Telekomunikasyon AS | 44,988 | 119,552 | ||||||
Turkcell Iletisim Hizmetleri AS (a) | 134,876 | 693,470 | ||||||
Turkiye Garanti Bankasi AS | 386,436 | 1,269,516 | ||||||
Turkiye Halk Bankasi AS | 70,383 | 348,323 | ||||||
Turkiye Is Bankasi (Class C) | 220,105 | 497,599 | ||||||
Turkiye Vakiflar Bankasi Tao (Class D) | 107,925 | 177,069 | ||||||
Ulker Biskuvi Sanayi AS | 13,279 | 99,727 | ||||||
Vestel Elektronik Sanayi ve Ticaret AS (a) | 34,330 | 76,157 | ||||||
Yapi ve Kredi Bankasi AS | 213,789 | 329,350 | ||||||
Yazicilar Holding AS (Class A) | 14,573 | 121,230 | ||||||
10,478,455 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $90,313,727) | 49,503,368 | |||||||
SHORT TERM INVESTMENTS — 0.5% | ||||||||
UNITED STATES — 0.5% | ||||||||
MONEY MARKET FUNDS — 0.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 78,000 | 78,000 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) | 173,583 | 173,583 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $251,583) | 251,583 | |||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $90,565,310) | 49,754,951 | |||||||
OTHER ASSETS & LIABILITIES — 0.1% | 34,401 | |||||||
NET ASSETS — 100.0% | $ | 49,789,352 | ||||||
(a) | Non-income producing security | |||||
(b) | A portion of the security was on loan at March 31, 2015. | |||||
(c) | Security is valued at fair value as determined in good faith by the Trust’s Oversight 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) | 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. |
GDR = Global Depositary Receipt
OJSC = Open Joint Stock Company
PIK = Payment in Kind
PJSC = Private Joint Stock Company
PJSC = Public Joint Stock Company
PLC = Public Limited Company
REIC = Real Estate Investment Company
REIC = Real Estate Investment Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
189
SPDR S&P Emerging Latin America ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
BRAZIL — 47.8% | ||||||||
AES Tiete SA Preference Shares | 14,540 | $ | 78,248 | |||||
All America Latina Logistica SA | 35,170 | 43,686 | ||||||
Ambev SA ADR (a) | 215,469 | 1,241,101 | ||||||
B2W Cia Digital (b) | 9,847 | 61,465 | ||||||
Banco Bradesco SA | 7,646 | 72,080 | ||||||
Banco Bradesco SA Preference Shares ADR | 144,079 | 1,337,055 | ||||||
Banco do Brasil SA | 34,407 | 246,633 | ||||||
Banco do Brasil SA ADR (a) | 13,166 | 94,203 | ||||||
Banco Santander Brazil SA ADS ADR (a) | 21,900 | 96,579 | ||||||
BB Seguridade Participacoes SA | 32,604 | 334,599 | ||||||
Bematech SA | 10,211 | 31,054 | ||||||
BM&FBovespa SA | 86,795 | 303,067 | ||||||
BR Malls Participacoes SA | 18,806 | 99,676 | ||||||
BR Properties SA | 9,944 | 40,665 | ||||||
Bradespar SA Preference Shares | 20,229 | 67,027 | ||||||
Braskem SA Preference Shares ADR | 9,209 | 63,910 | ||||||
BRF SA | 12,127 | 240,180 | ||||||
BRF — Brasil Foods SA ADR | 22,793 | 450,846 | ||||||
CCR SA | 50,521 | 257,655 | ||||||
Centrais Eletricas Brasileiras SA | 2,775 | 5,001 | ||||||
Centrais Eletricas Brasileiras SA ADR (a) | 20,194 | 36,551 | ||||||
CETIP SA — Mercados Organizados | 11,831 | 117,899 | ||||||
Cia Hering | 7,210 | 36,996 | ||||||
Cielo SA | 31,470 | 449,881 | ||||||
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares ADR | 8,788 | 262,058 | ||||||
Companhia de Saneamento Basico do Estado de Sao Paulo | 30,440 | 168,672 | ||||||
Companhia Energetica de Minas Gerais ADR | 55,428 | 226,701 | ||||||
Companhia Energetica de Sao Paulo Preference Shares (Class B) | 17,859 | 132,206 | ||||||
Companhia Paranaense de Energia Preference Shares | 9,772 | 102,884 | ||||||
Companhia Siderurgica Nacional SA ADR (a) | 49,722 | 83,533 | ||||||
Cosan Logistica SA (b) | 11,577 | 9,671 | ||||||
Cosan SA Industria e Comercio | 11,577 | 101,024 | ||||||
Cosan, Ltd. | 8,184 | 51,981 | ||||||
CPFL Energia SA ADR (a) | 13,357 | 169,901 | ||||||
Cyrela Brazil Realty SA | 24,259 | 100,570 | ||||||
Duratex SA | 47,589 | 129,540 | ||||||
Embraer SA | 34,573 | 265,563 | ||||||
Estacio Participacoes SA | 15,134 | 87,790 | ||||||
Fibria Celulose SA ADR (a)(b) | 17,193 | 242,937 | ||||||
Gafisa SA | 17,074 | 11,486 | ||||||
Gerdau SA ADR (a) | 33,429 | 106,973 | ||||||
Gerdau SA Preference Shares | 6,503 | 20,672 | ||||||
Gol Linhas Aereas Inteligentes SA Preference Shares (b) | 11,082 | 27,115 | ||||||
Grupo BTG Pactual | 10,823 | 86,453 | ||||||
Hypermarcas SA (b) | 17,628 | 108,655 | ||||||
Investimentos Itau SA | 40,757 | 128,796 | ||||||
Investimentos Itau SA Preference Shares | 155,789 | 486,460 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 150,602 | 1,665,658 | ||||||
Itausa — Investimentos Itau SA (b)(c)(d) | 1,173 | 3,663 | ||||||
Itausa — Investimentos Itau SA (b)(c)(d) | 302 | 954 | ||||||
JBS SA | 53,799 | 239,024 | ||||||
Kepler Weber SA | 4,186 | 36,345 | ||||||
Klabin SA | 29,915 | 170,349 | ||||||
Kroton Educacional SA | 59,246 | 190,745 | ||||||
Linx SA | 2,530 | 36,967 | ||||||
Localiza Rent a Car SA | 7,332 | 83,274 | ||||||
Lojas Americanas SA Preference Shares | 31,925 | 164,315 | ||||||
Lojas Renner SA | 10,862 | 308,517 | ||||||
M Dias Branco SA | 662 | 17,836 | ||||||
Metalurgica Gerdau SA Preference Shares | 29,037 | 98,210 | ||||||
MRV Engenharia e Participacoes SA | 6,129 | 15,399 | ||||||
Multiplan Empreendimentos Imobiliarios SA | 4,476 | 78,496 | ||||||
Natura Cosmeticos SA | 13,838 | 116,468 | ||||||
Oi SA (b) | 28 | 45 | ||||||
Oi SA Preference Shares (b) | 305 | 490 | ||||||
Oi SA, ADR (b)(c) | 5,023 | 8,187 | ||||||
Oi SA, ADR (a)(b)(c) | 5,354 | 8,245 | ||||||
PDG Realty SA Empreendimentos e Participacoes (b) | 63,510 | 9,936 | ||||||
Petroleo Brasileiro SA ADR (a) | 63,021 | 378,756 | ||||||
Petroleo Brasileiro SA Preference Shares ADR | 114,107 | 694,912 | ||||||
Prumo Logistica SA (b) | 115,044 | 9,359 | ||||||
Qualicorp SA (b) | 5,643 | 40,255 | ||||||
Raia Drogasil SA | 400 | 3,584 | ||||||
Souza Cruz SA | 35,177 | 279,558 | ||||||
Telefonica Brasil SA Preference Shares | 20,392 | 315,696 | ||||||
Tim Participacoes SA | 12,342 | 41,087 | ||||||
Tim Participacoes SA ADR (a) | 11,359 | 188,332 | ||||||
Totvs SA | 7,077 | 80,821 | ||||||
Tractebel Energia SA ADR | 9,806 | 108,304 | ||||||
Ultrapar Participacoes SA ADR | 23,836 | 481,487 | ||||||
Usinas Siderurgicas de Minas Gerais SA ADR (a)(b) | 33,444 | 52,674 | ||||||
Usinas Siderurgicas de Minas Gerais SA Preference Shares (b) | 10,028 | 15,594 | ||||||
Vale SA ADR (a) | 56,034 | 316,592 | ||||||
Vale SA Preference Shares ADR (a) | 118,217 | 573,352 | ||||||
Weg SA | 14,674 | 146,001 | ||||||
15,897,185 | ||||||||
CHILE — 10.5% | ||||||||
Antarchile SA | 19,015 | 232,121 | ||||||
Banco de Chile ADR | 3,002 | 201,314 | ||||||
Banco de Credito e Inversiones | 4,930 | 220,759 | ||||||
Banco Santander Chile ADR | 3,595 | 77,940 | ||||||
Banmedica SA | 13,988 | 25,580 | ||||||
Bupa Chile SA | 45,000 | 37,893 | ||||||
CAP SA | 7,672 | 26,387 | ||||||
Cencosud SA | 95,992 | 227,846 | ||||||
Cia Cervecerias Unidas SA | 6,000 | 62,457 | ||||||
Colbun SA | 31,043 | 9,187 |
See accompanying notes to financial statements.
190
SPDR S&P Emerging Latin America ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Empresa Nacional de Electricidad SA ADR | 8,413 | $ | 379,006 | |||||
Empresas AquaChile SA (b) | 22,933 | 14,347 | ||||||
Empresas CMPC SA | 111,602 | 306,413 | ||||||
Empresas COPEC SA | 35,990 | 419,133 | ||||||
Enersis SA ADR (a) | 26,656 | 433,426 | ||||||
Gasco SA | 2,593 | 21,620 | ||||||
Grupo Security SA | 41,244 | 12,901 | ||||||
Latam Airlines Group SA ADR (a)(b) | 20,448 | 164,811 | ||||||
SACI Falabella | 62,168 | 476,392 | ||||||
Sociedad Matriz SAAM SA | 80,937 | 6,491 | ||||||
Sociedad Quimica y Minera de Chile SA ADR | 3,851 | 70,281 | ||||||
Socovesa SA | 32,270 | 7,972 | ||||||
Sonda SA | 18,679 | 44,061 | ||||||
Vina Concha y Toro SA | 1,680 | 3,467 | ||||||
3,481,805 | ||||||||
COLOMBIA — 5.7% | ||||||||
Almacenes Exito SA | 11,845 | 113,994 | ||||||
Banco Davivienda SA Preference Shares | 6,813 | 66,354 | ||||||
Banco de Bogota SA | 4,090 | 86,910 | ||||||
BanColombia SA | 11,973 | 112,921 | ||||||
BanColombia SA ADR (a) | 7,105 | 279,440 | ||||||
Bolsa de Valores de Colombia | 1,214,855 | 8,324 | ||||||
Celsia SA ESP | 12,429 | 23,109 | ||||||
Cementos Argos SA | 15,567 | 51,116 | ||||||
Constructora Conconcreto SA | 6,655 | 3,113 | ||||||
Corp Financiera Colombiana SA | 4,734 | 65,022 | ||||||
Ecopetrol SA ADR (a) | 10,892 | 165,776 | ||||||
Empresa de Energia de Bogota SA | 103,073 | 64,477 | ||||||
Empresa de Telecomunicaciones de Bogota | 58,718 | 10,059 | ||||||
Grupo Argos SA | 17,450 | 111,778 | ||||||
Grupo Argos SA/Colombia Preference Shares | 5,293 | 34,516 | ||||||
Grupo Aval Acciones y Valores | 243,693 | 108,820 | ||||||
Grupo Aval Acciones y Valores Preference Shares | 254,289 | 114,041 | ||||||
Grupo de Inversiones Suramericana SA | 12,710 | 164,200 | ||||||
Grupo de Inversiones Suramericana SA Preference Shares | 4,083 | 52,654 | ||||||
Grupo Nutresa SA | 14,297 | 126,034 | ||||||
Grupo Odinsa SA | 1,817 | 5,400 | ||||||
Interconexion Electrica SA ESP | 18,147 | 51,904 | ||||||
Isagen SA ESP | 39,773 | 46,698 | ||||||
Organizacion Terpel SA | 1,985 | 12,791 | ||||||
1,879,451 | ||||||||
LUXEMBOURG — 0.1% | ||||||||
Ternium SA ADR | 1,078 | 19,480 | ||||||
MEXICO — 31.9% | ||||||||
Alfa SAB de CV (Class A) (b) | 200,034 | 404,421 | ||||||
Alsea SAB de CV (b) | 5,200 | 15,220 | ||||||
America Movil SAB de CV (Series L) | 1,952,956 | 2,007,535 | ||||||
Arca Continental SAB de CV (b) | 15,726 | 96,714 | ||||||
Asesor de Activos Prisma SAPI de CV REIT | 5,600 | 5,779 | ||||||
Banregio Grupo Financiero SAB de CV (b) | 2,029 | 10,350 | ||||||
Bolsa Mexicana de Valores SAB de CV | 6,532 | 11,118 | ||||||
Cemex SAB de CV (b) | 650,136 | 617,521 | ||||||
Coca-Cola FEMSA SAB de CV (Series L) | 23,924 | 191,213 | ||||||
Concentradora Fibra Danhos SA de CV | 38,405 | 91,965 | ||||||
Controladora Comercial Mexicana SAB de CV | 5,643 | 18,158 | ||||||
Controladora Vuela Cia de Aviacion SAB de CV (Class A) (b) | 19,600 | 21,987 | ||||||
Corp Actinver SAB de CV (b) | 8,300 | 8,728 | ||||||
Corporacion GEO SAB de CV (a)(b)(e) | 71,361 | 0 | ||||||
Desarrolladora Homex SAB de CV (b)(d) | 28,753 | 982 | ||||||
El Puerto de Liverpool SAB de CV (b) | 24,537 | 289,933 | ||||||
Empresas ICA SAB de CV (a)(b) | 40,562 | 33,069 | ||||||
Fibra Uno Administracion SA de CV REIT | 99,312 | 263,433 | ||||||
Fomento Economico Mexicano SAB de CV (b) | 107,753 | 1,012,228 | ||||||
Genomma Lab Internacional SAB de CV (Class B) (a)(b) | 29,424 | 27,909 | ||||||
Gentera SAB de CV (a)(b) | 35,512 | 64,034 | ||||||
Gruma SAB de CV (Class B) | 12,683 | 161,211 | ||||||
Grupo Aeroportuario del Centro Norte Sab de CV (b) | 1,700 | 8,290 | ||||||
Grupo Aeroportuario del Pacifico SAB de CV (Class B) | 10,475 | 68,759 | ||||||
Grupo Aeroportuario del Sureste SAB de CV (Class B) (b) | 21,487 | 289,874 | ||||||
Grupo Bimbo SAB de CV (b) | 56,386 | 160,117 | ||||||
Grupo Carso SAB de CV | 52,569 | 218,741 | ||||||
Grupo Elektra SA de CV | 3,629 | 93,985 | ||||||
Grupo Financiero Banorte SAB de CV | 132,981 | 772,698 | ||||||
Grupo Financiero Inbursa SAB de CV | 170,889 | 432,095 | ||||||
Grupo Financiero Santander Mexico SAB de CV (Class B) (a) | 71,769 | 157,113 | ||||||
Grupo Mexico SAB de CV (Series B) | 182,847 | 540,706 | ||||||
Grupo Televisa SA de CV ADR (b) | 833 | 27,497 | ||||||
Grupo Televisa SAB (a)(b) | 104,006 | 688,173 | ||||||
Hoteles City Express SAB de CV (b) | 7,600 | 11,629 | ||||||
Impulsora Del Desarrollo Y El Empleo en America Latina SA de CV (b) | 42,822 | 107,545 | ||||||
Industrias Penoles SAB de CV | 6,393 | 111,383 | ||||||
Kimberly-Clark de Mexico SAB de CV (Class A) | 148,121 | 310,938 | ||||||
Medica Sur SAB de CV, Series B (b) | 3,600 | 12,997 | ||||||
Megacable Holdings SAB de CV (b) | 10,463 | 41,023 | ||||||
Mexichem SAB de CV | 44,333 | 115,938 | ||||||
Minera Frisco SAB de CV (b) | 36,725 | 39,656 | ||||||
OHL Mexico SAB de CV (b) | 15,854 | 30,190 | ||||||
PLA Administradora Industrial S de RL de CV (b) | 400 | 812 | ||||||
Promotora y Operadora de Infraestructura SAB de CV (b) | 13,170 | 140,663 | ||||||
TV Azteca SAB de CV (b) | 190,594 | 71,062 | ||||||
Urbi Desarrollos Urbanos SA de CV (a)(b)(e) | 86,307 | 0 | ||||||
Wal-Mart de Mexico SAB de CV (a) | 318,815 | 797,548 | ||||||
10,602,940 | ||||||||
See accompanying notes to financial statements.
191
SPDR S&P Emerging Latin America ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
PANAMA — 0.1% | ||||||||
InRetail Peru Corp. (b)(f) | 2,942 | $ | 44,424 | |||||
PERU — 3.5% | ||||||||
Alicorp SA | 25,766 | 49,894 | ||||||
Compania de Minas Buenaventura SA ADR | 11,967 | 121,226 | ||||||
Compania Minera Milpo SA | 86,360 | 50,726 | ||||||
Credicorp, Ltd. | 3,122 | 439,047 | ||||||
Enersur SA | 8,613 | 25,852 | ||||||
Grana y Montero SA | 7,037 | 10,901 | ||||||
Luz del Sur SAA | 8,502 | 29,085 | ||||||
Minsur SA | 170,513 | 70,990 | ||||||
Southern Copper Corp. (a) | 11,707 | 341,610 | ||||||
Volcan Compania Minera SAA (Class B) | 222,875 | 39,561 | ||||||
1,178,892 | ||||||||
SPAIN — 0.1% | ||||||||
Cemex Latam Holdings SA (b) | 6,408 | 33,301 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $59,301,032) | 33,137,478 | |||||||
SHORT TERM INVESTMENTS — 14.0% | ||||||||
UNITED STATES — 14.0% | ||||||||
MONEY MARKET FUNDS — 14.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 4,630,361 | 4,630,361 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (h)(i) | 18,431 | 18,431 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $4,648,792) | 4,648,792 | |||||||
TOTAL INVESTMENTS — 113.7% | ||||||||
(Cost $63,949,824) | 37,786,270 | |||||||
OTHER ASSETS & LIABILITIES — (13.7)% | (4,553,377 | ) | ||||||
NET ASSETS — 100.0% | $ | 33,232,893 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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 Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (Note 2). | |||||
(e) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs (Note 2). | |||||
(f) | 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, 2015, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(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
ADS = American Depositary Shares
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
192
SPDR S&P Emerging Middle East & Africa ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.3% | ||||||||
EGYPT — 4.2% | ||||||||
Arab Cotton Ginning | 24,607 | $ | 10,643 | |||||
Commercial International Bank Egypt SAE | 111,539 | 822,869 | ||||||
Eastern Tobacco | 2,451 | 66,385 | ||||||
Egyptian Financial Group-Hermes Holding Co. (a) | 63,899 | 132,906 | ||||||
Egyptian Kuwait Holding Co. (a) | 100,146 | 59,086 | ||||||
ElSwedy Electric Co. (a) | 13,130 | 82,686 | ||||||
Ezz Steel (a) | 34,769 | 62,884 | ||||||
Global Telecom Holding SAE GDR (a) | 56,836 | 125,039 | ||||||
Juhayna Food Industries (a) | 66,518 | 79,333 | ||||||
Maridive & Oil Services SAE (a) | 29,309 | 14,654 | ||||||
Palm Hills Developments SAE (a) | 66,151 | 34,853 | ||||||
Sidi Kerir Petrochemicals Co. | 38,606 | 75,845 | ||||||
Six of October Development & Investment Co. (a) | 60,873 | 110,416 | ||||||
Talaat Moustafa Group | 180,952 | 247,829 | ||||||
Telecom Egypt Co. | 62,962 | 92,256 | ||||||
2,017,684 | ||||||||
MOROCCO — 1.9% | ||||||||
Attijariwafa Bank | 7,021 | 264,288 | ||||||
Banque Centrale Populaire | 10,304 | 234,789 | ||||||
Banque Marocaine du Commerce Exterieur | 9,733 | 224,709 | ||||||
Douja Promotion Groupe Addoha SA | 10,535 | 33,629 | ||||||
Maroc Telecom | 13,213 | 176,401 | ||||||
933,816 | ||||||||
QATAR — 8.2% | ||||||||
Aamal Co. | 10,980 | 45,956 | ||||||
Al Khalij Commercial Bank QSC | 9,803 | 54,140 | ||||||
Al Meera Consumer Goods Co. QSC (a) | 544 | 32,569 | ||||||
Barwa Real Estate Co. | 10,606 | 131,364 | ||||||
Commercial Bank of Qatar QSC | 9,019 | 136,229 | ||||||
Doha Bank QSC | 7,042 | 97,278 | ||||||
Gulf International Services QSC | 5,066 | 133,563 | ||||||
Industries Qatar QSC | 7,256 | 276,989 | ||||||
Masraf Al Rayan QSC | 40,067 | 524,324 | ||||||
Medicare Group | 766 | 29,935 | ||||||
Ooredoo QSC | 13,268 | 363,287 | ||||||
Qatar Electricity & Water Co. QSC | 2,999 | 160,853 | ||||||
Qatar Gas Transport Co., Ltd. | 15,100 | 92,891 | ||||||
Qatar Insurance Co. SAQ | 5,032 | 109,726 | ||||||
Qatar International Islamic Bank QSC | 4,126 | 88,837 | ||||||
Qatar Islamic Bank SAQ | 6,440 | 175,801 | ||||||
Qatar National Bank SAQ | 19,072 | 1,013,507 | ||||||
Qatar National Cement Co. QSC | 1,471 | 47,710 | ||||||
Qatar Navigation QSC | 3,122 | 84,968 | ||||||
Qatari Investors Group QSC | 3,385 | 35,837 | ||||||
Salam International Investment Co. | 6,973 | 25,374 | ||||||
United Development Co. QSC | 9,651 | 55,925 | ||||||
Vodafone Qatar QSC | 50,694 | 248,232 | ||||||
3,965,295 | ||||||||
SOUTH AFRICA — 77.0% | ||||||||
Acucap Properties, Ltd. | 15,235 | 71,546 | ||||||
Adcock Ingram Holdings, Ltd. (a)(b) | 24,263 | 104,131 | ||||||
Adcorp Holdings, Ltd. | 8,073 | 21,268 | ||||||
AECI, Ltd. | 13,514 | 133,843 | ||||||
African Bank Investments, Ltd. (a)(b)(c)(d) | 258,160 | 6,605 | ||||||
African Oxygen, Ltd. | 14,847 | 16,665 | ||||||
African Rainbow Minerals, Ltd. | 13,721 | 111,976 | ||||||
Allied Electronics Corp., Ltd. | 30,537 | 35,285 | ||||||
Anglo American Platinum, Ltd. (a) | 7,040 | 172,870 | ||||||
AngloGold Ashanti, Ltd. (a) | 43,836 | 422,179 | ||||||
Aquarius Platinum, Ltd. (a) | 158,404 | 20,952 | ||||||
ArcelorMittal South Africa, Ltd. (a) | 19,002 | 29,610 | ||||||
Aspen Pharmacare Holdings, Ltd. (a) | 31,303 | 992,085 | ||||||
Assore, Ltd. (b) | 6,573 | 72,152 | ||||||
Astral Foods, Ltd. | 6,024 | 89,493 | ||||||
Attacq, Ltd. (a) | 73,521 | 157,706 | ||||||
Aveng, Ltd. (a)(b) | 55,621 | 51,598 | ||||||
AVI, Ltd. | 28,436 | 193,739 | ||||||
Barclays Africa Group, Ltd. | 35,122 | 536,269 | ||||||
Barloworld, Ltd. | 20,913 | 160,175 | ||||||
Bidvest Group, Ltd. | 30,509 | 827,624 | ||||||
Blue Label Telecoms, Ltd. | 35,989 | 25,842 | ||||||
Brait SE (a) | 29,860 | 205,782 | ||||||
Business Connexion Group, Ltd. (b) | 41,943 | 21,566 | ||||||
Capital Property Fund | 159,137 | 183,879 | ||||||
Capitec Bank Holdings, Ltd. | 5,908 | 256,000 | ||||||
Cashbuild, Ltd. | 1,971 | 38,066 | ||||||
City Lodge Hotels, Ltd. | 3,693 | 41,949 | ||||||
Clicks Group, Ltd. | 22,810 | 172,145 | ||||||
Clover Industries, Ltd. | 15,063 | 22,539 | ||||||
Coronation Fund Managers, Ltd. | 30,511 | 247,412 | ||||||
DataTec, Ltd. | 19,695 | 97,530 | ||||||
Discovery, Ltd. | 35,647 | 367,172 | ||||||
DRDGOLD, Ltd. | 67,781 | 11,860 | ||||||
Emira Property Fund | 31,838 | 47,167 | ||||||
EOH Holdings, Ltd. | 3,913 | 51,405 | ||||||
Eqstra Holdings, Ltd. (a) | 55,143 | 20,480 | ||||||
Exxaro Resources, Ltd. (b) | 14,835 | 123,051 | ||||||
Famous Brands, Ltd. | 6,165 | 56,988 | ||||||
FirstRand, Ltd. (b) | 344,271 | 1,586,637 | ||||||
Foschini Group, Ltd. | 17,921 | 267,079 | ||||||
Fountainhead Property Trust | 57,045 | 48,494 | ||||||
Gold Fields, Ltd. | 77,286 | 327,355 | ||||||
Grindrod, Ltd. | 70,186 | 100,793 | ||||||
Group Five, Ltd. | 15,314 | 31,775 | ||||||
Growthpoint Properties, Ltd. REIT | 189,138 | 447,547 | ||||||
Harmony Gold Mining Co., Ltd. (a)(b) | 53,075 | 92,603 | ||||||
Hosken Consolidated Investments, Ltd. | 6,486 | 77,621 | ||||||
Hudaco Industries, Ltd. | 3,475 | 32,552 | ||||||
Hyprop Investments, Ltd. | 19,422 | 189,151 | ||||||
Illovo Sugar, Ltd. | 28,140 | 55,229 | ||||||
Impala Platinum Holdings, Ltd. (a) | 59,966 | 291,163 | ||||||
Imperial Holdings, Ltd. | 21,610 | 344,066 | ||||||
Investec, Ltd. | 24,568 | 203,803 | ||||||
JSE, Ltd. | 10,920 | 110,982 | ||||||
Kumba Iron Ore, Ltd. (b) | 6,321 | 81,385 | ||||||
Lewis Group, Ltd. (b) | 12,396 | 79,187 | ||||||
Liberty Holdings, Ltd. (b) | 9,966 | 138,062 | ||||||
Life Healthcare Group Holdings, Ltd. | 97,720 | 341,239 | ||||||
Massmart Holdings, Ltd. (b) | 13,158 | 162,897 |
See accompanying notes to financial statements.
193
SPDR S&P Emerging Middle East & Africa ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Mediclinic International, Ltd. | 42,074 | $ | 423,614 | |||||
Merafe Resources, Ltd. | 230,552 | 15,032 | ||||||
MMI Holdings, Ltd. | 88,998 | 241,074 | ||||||
Mondi, Ltd. | 12,255 | 234,515 | ||||||
Mpact, Ltd. | 25,441 | 90,289 | ||||||
Mr. Price Group, Ltd. | 25,468 | 546,533 | ||||||
MTN Group, Ltd. | 161,665 | 2,735,279 | ||||||
Murray & Roberts Holdings, Ltd. | 59,259 | 66,956 | ||||||
Nampak, Ltd. | 56,272 | 189,025 | ||||||
Naspers, Ltd. (Class N) | 43,819 | 6,762,945 | ||||||
Nedbank Group, Ltd. (b) | 18,916 | 371,224 | ||||||
Netcare, Ltd. | 155,852 | 536,389 | ||||||
Northam Platinum, Ltd. (a) | 48,727 | 185,437 | ||||||
Oceana Group, Ltd. | 4,455 | 36,989 | ||||||
Omnia Holdings, Ltd. | 6,956 | 99,033 | ||||||
Pick n Pay Stores, Ltd. (b) | 18,331 | 74,814 | ||||||
Pick’ n Pay Holdings, Ltd. | 33,499 | 59,443 | ||||||
Pioneer Foods, Ltd. | 12,746 | 187,094 | ||||||
PPC, Ltd. | 54,071 | 81,801 | ||||||
PSG Group, Ltd. | 6,728 | 91,845 | ||||||
Quantum Foods Holdings, Ltd. (a) | 12,746 | 4,103 | ||||||
Rand Merchant Insurance Holdings, Ltd. | 77,791 | 297,007 | ||||||
Raubex Group, Ltd. | 18,949 | 28,307 | ||||||
Redefine Properties, Ltd. | 371,185 | 379,878 | ||||||
Remgro, Ltd. | 48,257 | 1,058,637 | ||||||
Resilient Property Income Fund, Ltd. | 34,620 | 297,161 | ||||||
Reunert, Ltd. | 16,015 | 79,333 | ||||||
RMB Holdings, Ltd. | 78,247 | 451,287 | ||||||
SA Corporate Real Estate Fund Nominees Pty, Ltd. | 155,757 | 62,991 | ||||||
Sanlam, Ltd. | 177,151 | 1,145,843 | ||||||
Santam, Ltd. | 1,389 | 25,859 | ||||||
Sappi, Ltd. (a) | 50,603 | 204,354 | ||||||
Sasol, Ltd. | 53,492 | 1,819,688 | ||||||
Shoprite Holdings, Ltd. | 41,057 | 556,644 | ||||||
Sibanye Gold, Ltd. | 78,267 | 167,435 | ||||||
Spar Group, Ltd. | 15,622 | 243,299 | ||||||
Standard Bank Group, Ltd. | 126,211 | 1,750,001 | ||||||
Steinhoff International Holdings, Ltd. (b) | 284,173 | 1,783,198 | ||||||
Sun International, Ltd. (b) | 11,574 | 120,361 | ||||||
Super Group, Ltd. (a) | 14,954 | 42,889 | ||||||
Telkom SA SOC, Ltd. (a) | 30,414 | 198,806 | ||||||
Tiger Brands, Ltd. | 20,882 | 526,331 | ||||||
Times Media Group, Ltd. | 1,904 | 3,221 | ||||||
Tongaat Hulett, Ltd. | 12,407 | 137,728 | ||||||
Trencor, Ltd. | 13,377 | 67,899 | ||||||
Truworths International, Ltd. | 39,031 | 284,319 | ||||||
Tsogo Sun Holdings, Ltd. | 28,955 | 65,958 | ||||||
Vodacom Group, Ltd. | 55,156 | 604,036 | ||||||
Wilson Bayly Holmes-Ovcon, Ltd. | 4,673 | 43,455 | ||||||
Woolworths Holdings, Ltd. | 81,116 | 576,758 | ||||||
37,284,341 | ||||||||
UNITED ARAB EMIRATES — 8.0% | ||||||||
Abu Dhabi Commercial Bank PJSC | 176,919 | 311,652 | ||||||
Air Arabia PJSC | 249,308 | 96,386 | ||||||
Ajman Bank PJSC (a) | 27,194 | 15,770 | ||||||
Al Waha Capital PJSC (a) | 103,881 | 80,890 | ||||||
Aldar Properties PJSC | 342,893 | 221,257 | ||||||
Arabtec Holding PJSC (a) | 234,809 | 145,761 | ||||||
Bank of Sharjah | 28,482 | 12,873 | ||||||
Dana Gas PJSC (a) | 371,875 | 40,499 | ||||||
Deyaar Development PJSC (a) | 157,340 | 26,560 | ||||||
DP World, Ltd. | 18,098 | 390,917 | ||||||
Drake & Scull International PJSC (a) | 102,120 | 18,628 | ||||||
Dubai Financial Market PJSC | 174,441 | 71,716 | ||||||
Dubai Investments PJSC | 145,780 | 95,258 | ||||||
Dubai Islamic Bank PJSC | 107,765 | 181,912 | ||||||
Emaar Malls Group PJSC (a) | 205,715 | 163,546 | ||||||
Emaar Properties PJSC | 382,493 | 687,319 | ||||||
Eshraq Properties Co. PJSC (a) | 124,092 | 20,271 | ||||||
First Gulf Bank PJSC | 122,654 | 487,557 | ||||||
Gulf Pharmaceutical Industries | 19,425 | 14,544 | ||||||
National Bank of Abu Dhabi PJSC | 141,998 | 460,066 | ||||||
National Bank of Ras Al-Khaimah PSC | 36,551 | 80,110 | ||||||
RAK Properties PJSC | 106,745 | 18,600 | ||||||
Ras Al Khaimah Ceramics | 38,290 | 40,658 | ||||||
Union National Bank PJSC | 119,991 | 184,581 | ||||||
Union Properties PJSC (a) | 96,267 | 25,398 | ||||||
3,892,729 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $53,576,644) | 48,093,865 | |||||||
RIGHTS — 0.0% (e) | ||||||||
SOUTH AFRICA — 0.0% (e) | ||||||||
Discovery, Ltd. (expiring 4/2/15) (a) (Cost $0) | 3,881 | 11,147 | ||||||
SHORT TERM INVESTMENT — 3.4% | ||||||||
UNITED STATES — 3.4% | ||||||||
MONEY MARKET FUND — 3.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (f)(g) (Cost $1,658,591) | 1,658,591 | 1,658,591 | ||||||
TOTAL INVESTMENTS — 102.7% | ||||||||
(Cost $55,235,235) | 49,763,603 | |||||||
OTHER ASSETS & LIABILITIES — (2.7)% | (1,300,775 | ) | ||||||
NET ASSETS — 100.0% | $ | 48,462,828 | ||||||
(a) | Non-income producing security | |||||
(b) | A portion of the security was on loan at March 31, 2015. | |||||
(c) | Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs (Note 2). | |||||
(d) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight 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). |
GDR = Global Depositary Receipt
PJSC = Public Joint Stock Company
PSC = Public Stock Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
194
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
AUSTRALIA — 6.0% | ||||||||
Abacus Property Group | 10,445 | $ | 23,220 | |||||
Alumina, Ltd. | 266,289 | 326,508 | ||||||
Amcor, Ltd. | 79,994 | 858,004 | ||||||
AMP, Ltd. | 149,167 | 733,878 | ||||||
Ansell, Ltd. | 23,950 | 504,072 | ||||||
APA Group | 105,644 | 730,396 | ||||||
Aristocrat Leisure, Ltd. | 90,862 | 585,160 | ||||||
Arrium, Ltd. (a) | 155,062 | 20,138 | ||||||
Australia & New Zealand Banking Group, Ltd. | 116,302 | 3,255,425 | ||||||
BHP Billiton, Ltd. | 129,185 | 3,062,379 | ||||||
Billabong International, Ltd. (a)(b) | 117,647 | 52,128 | ||||||
BlueScope Steel, Ltd. | 34,570 | 110,393 | ||||||
Brambles, Ltd. | 108,652 | 956,214 | ||||||
Bunnings Warehouse Property Trust | 166,763 | 382,196 | ||||||
carsales.com, Ltd. | 14,834 | 117,064 | ||||||
Commonwealth Bank of Australia | 65,514 | 4,674,617 | ||||||
Computershare, Ltd. | 70,129 | 681,475 | ||||||
CSL, Ltd. | 24,144 | 1,699,136 | ||||||
CSR, Ltd. | 97,666 | 300,686 | ||||||
Dexus Property Group | 19,123 | 110,736 | ||||||
DUET Group | 51,136 | 99,617 | ||||||
Fairfax Media, Ltd. | 100,363 | 73,222 | ||||||
Fortescue Metals Group, Ltd. (a) | 69,983 | 104,789 | ||||||
Goodman Group | 30,565 | 148,273 | ||||||
GWA Group, Ltd. (a) | 98,453 | 194,802 | ||||||
Harvey Norman Holdings, Ltd. (a) | 183,380 | 623,415 | ||||||
Hills, Ltd. (a) | 92,930 | 61,410 | ||||||
Iluka Resources, Ltd. (a) | 21,623 | 140,411 | ||||||
Ingenia Communities Group | 328,125 | 99,015 | ||||||
Insurance Australia Group, Ltd. | 173,836 | 810,092 | ||||||
Lend Lease Group | 68,322 | 868,518 | ||||||
Macquarie Group, Ltd. | 19,362 | 1,134,072 | ||||||
Mirvac Group | 73,588 | 112,997 | ||||||
National Australia Bank, Ltd. | 92,786 | 2,732,573 | ||||||
Newcrest Mining, Ltd. (b) | 35,559 | 363,200 | ||||||
Orica, Ltd. (a) | 12,470 | 190,624 | ||||||
Origin Energy, Ltd. | 76,591 | 661,767 | ||||||
Orora, Ltd. | 76,988 | 133,510 | ||||||
OZ Minerals, Ltd. | 19,560 | 58,875 | ||||||
Perpetual, Ltd. (a) | 12,404 | 521,372 | ||||||
QBE Insurance Group, Ltd. | 55,195 | 549,848 | ||||||
REA Group, Ltd. (a) | 2,144 | 79,078 | ||||||
Recall Holdings, Ltd. | 23,488 | 138,884 | ||||||
Rio Tinto, Ltd. (a) | 24,321 | 1,063,335 | ||||||
Santos, Ltd. | 63,585 | 346,831 | ||||||
Scentre Group | 167,152 | 477,582 | ||||||
Seek, Ltd. | 14,461 | 189,133 | ||||||
Sonic Healthcare, Ltd. (a) | 50,368 | 786,503 | ||||||
Stockland | 38,780 | 133,317 | ||||||
Suncorp Group, Ltd. | 108,857 | 1,122,678 | ||||||
Sydney Airport | 211,511 | 837,004 | ||||||
Tatts Group, Ltd. | 234,007 | 711,503 | ||||||
Telstra Corp., Ltd. | 177,064 | 853,542 | ||||||
Toll Holdings, Ltd. | 69,478 | 470,269 | ||||||
TPG Telecom, Ltd. | 14,805 | 103,715 | ||||||
Treasury Wine Estates, Ltd. | 45,146 | 176,585 | ||||||
Wesfarmers, Ltd. | 47,399 | 1,591,812 | ||||||
Westfield Corp. | 82,431 | 601,394 | ||||||
Westpac Banking Corp. | 131,003 | 3,941,141 | ||||||
Woodside Petroleum, Ltd. | 37,500 | 988,933 | ||||||
Woolworths, Ltd. (a) | 65,994 | 1,486,772 | ||||||
WorleyParsons, Ltd. | 20,213 | 147,468 | ||||||
45,113,706 | ||||||||
AUSTRIA — 0.2% | ||||||||
Andritz AG | 1,459 | 87,249 | ||||||
Erste Group Bank AG | 14,393 | 354,531 | ||||||
OMV AG | 14,309 | 392,802 | ||||||
Voestalpine AG | 12,744 | 466,660 | ||||||
1,301,242 | ||||||||
BELGIUM — 1.1% | ||||||||
Aedifica SA | 1,842 | 123,644 | ||||||
Ageas | 18,876 | 677,213 | ||||||
Anheuser-Busch InBev NV | 36,167 | 4,420,373 | ||||||
Bekaert NV | 4,002 | 107,905 | ||||||
Delhaize Group | 6,900 | 620,415 | ||||||
Gimv NV | 12,321 | 554,320 | ||||||
KBC Groep NV (b) | 10,984 | 679,024 | ||||||
Solvay SA | 612 | 88,438 | ||||||
UCB SA | 9,521 | 688,691 | ||||||
Umicore SA | 16,478 | 688,074 | ||||||
8,648,097 | ||||||||
CANADA — 8.1% | ||||||||
AGF Management, Ltd. | 27,078 | 178,311 | ||||||
Agnico-Eagle Mines, Ltd. | 9,310 | 258,681 | ||||||
Agrium, Inc. (a) | 9,950 | 1,037,031 | ||||||
Alamos Gold, Inc. | 9,975 | 58,440 | ||||||
Alimentation Couche-Tard, Inc. (Class B) | 10,261 | 408,901 | ||||||
Amaya, Inc. (a)(b) | 7,538 | 176,770 | ||||||
ARC Resources, Ltd. (a) | 15,167 | 260,587 | ||||||
Argonaut Gold, Inc. (a)(b) | 14,223 | 19,765 | ||||||
Athabasca Oil Corp. (b) | 13,945 | 23,122 | ||||||
Avigilon Corp. (a)(b) | 2,769 | 46,066 | ||||||
B2Gold Corp. (b) | 45,171 | 67,409 | ||||||
Badger Daylighting, Ltd. (a) | 2,680 | 57,218 | ||||||
Bank of Montreal | 24,540 | 1,470,656 | ||||||
Bank of Nova Scotia | 48,693 | 2,442,916 | ||||||
Bankers Petroleum, Ltd. (b) | 22,718 | 48,611 | ||||||
Barrick Gold Corp. | 49,017 | 536,033 | ||||||
BCE, Inc. (a) | 11,142 | 471,721 | ||||||
BlackBerry, Ltd. (a)(b) | 26,273 | 234,206 | ||||||
Bombardier, Inc. (Class B) | 97,611 | 192,679 | ||||||
Brookfield Asset Management, Inc. (Class A) | 29,513 | 1,578,532 | ||||||
CAE, Inc. (a) | 11,732 | 136,912 | ||||||
Cameco Corp. (a) | 27,118 | 377,918 | ||||||
Canadian Energy Services & Technology Corp. (a) | 12,744 | 54,035 | ||||||
Canadian Imperial Bank of Commerce (a) | 18,074 | 1,310,347 | ||||||
Canadian National Railway Co. | 44,289 | 2,966,122 | ||||||
Canadian Natural Resources, Ltd. | 53,088 | 1,627,222 | ||||||
Canadian Oil Sands, Ltd. | 28,163 | 219,033 |
See accompanying notes to financial statements.
195
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Canadian Pacific Railway, Ltd. (a) | 8,096 | $ | 1,482,402 | |||||
Canadian Solar, Inc. (b) | 1,846 | 61,638 | ||||||
Canadian Tire Corp., Ltd. (Class A) | 3,406 | 347,001 | ||||||
Canadian Western Bank | 18,032 | 394,810 | ||||||
Catamaran Corp. (b) | 7,484 | 445,554 | ||||||
CCL Industries, Inc. (Class B) | 1,012 | 113,865 | ||||||
Cenovus Energy, Inc. | 31,249 | 526,779 | ||||||
CGI Group, Inc. (Class A) (b) | 17,270 | 732,526 | ||||||
Constellation Software, Inc. | 827 | 285,849 | ||||||
Crescent Point Energy Corp. (a) | 28,934 | 645,161 | ||||||
CT Real Estate Investment Trust | 11,855 | 120,750 | ||||||
Detour Gold Corp. (b) | 7,851 | 66,639 | ||||||
Dollarama, Inc. | 2,790 | 155,967 | ||||||
Eldorado Gold Corp. | 26,849 | 123,168 | ||||||
Enbridge, Inc. (a) | 35,973 | 1,734,032 | ||||||
Encana Corp. | 38,362 | 428,297 | ||||||
Enerplus Corp. (a) | 6,372 | 64,600 | ||||||
Exchange Income Corp. (a) | 5,816 | 98,043 | ||||||
Fairfax Financial Holdings, Ltd. | 1,548 | 867,809 | ||||||
Finning International, Inc. | 5,638 | 104,881 | ||||||
Firm Capital Mortgage Investment Corp. (a) | 23,646 | 227,778 | ||||||
First Majestic Silver Corp. (a)(b) | 11,176 | 60,270 | ||||||
First Quantum Minerals, Ltd. | 35,545 | 430,806 | ||||||
Fortis, Inc. | 10,141 | 308,914 | ||||||
Franco-Nevada Corp. (a) | 6,928 | 335,760 | ||||||
Gildan Activewear, Inc. | 25,754 | 759,301 | ||||||
Goldcorp, Inc. | 38,118 | 689,826 | ||||||
Gran Tierra Energy, Inc. (b) | 20,318 | 55,508 | ||||||
Great-West Lifeco, Inc. (a) | 12,333 | 356,600 | ||||||
HNZ Group, Inc. | 7,851 | 123,979 | ||||||
Home Capital Group, Inc. (a) | 2,761 | 92,782 | ||||||
Husky Energy, Inc. (a) | 28,128 | 574,109 | ||||||
IAMGOLD Corp. (b) | 34,329 | 63,969 | ||||||
Imperial Oil, Ltd. (a) | 24,492 | 977,553 | ||||||
Innergex Renewable Energy, Inc. | 20,506 | 181,340 | ||||||
Intact Financial Corp. | 5,732 | 431,857 | ||||||
InterOil Corp. (b) | 1,846 | 85,174 | ||||||
K-Bro Linen, Inc. (a) | 5,638 | 233,577 | ||||||
Kinross Gold Corp. (b) | 44,611 | 98,979 | ||||||
Linamar Corp. | 2,035 | 125,474 | ||||||
Loblaw Cos., Ltd. (a) | 9,499 | 464,412 | ||||||
Lundin Mining Corp. (b) | 30,026 | 121,147 | ||||||
MacDonald, Dettwiler & Associates, Ltd. | 1,846 | 143,060 | ||||||
Magna International, Inc. | 31,046 | 1,659,791 | ||||||
Manulife Financial Corp. | 84,479 | 1,434,776 | ||||||
Methanex Corp. | 3,414 | 182,790 | ||||||
National Bank of Canada (a) | 15,218 | 555,610 | ||||||
New Gold, Inc. (b) | 24,299 | 81,540 | ||||||
Open Text Corp. (a) | 4,437 | 234,234 | ||||||
Pacific Rubiales Energy Corp. (a) | 14,197 | 33,853 | ||||||
Parex Resources, Inc. (b) | 14,779 | 94,170 | ||||||
Pembina Pipeline Corp. (a) | 12,513 | 395,397 | ||||||
Pengrowth Energy Corp. (a) | 18,660 | 55,987 | ||||||
Penn West Petroleum, Ltd. (a) | 20,758 | 34,255 | ||||||
Peyto Exploration & Development Corp. (a) | 5,360 | 143,723 | ||||||
Potash Corp. of Saskatchewan, Inc. (a) | 43,554 | 1,404,114 | ||||||
Power Corp. of Canada | 15,167 | 401,420 | ||||||
Power Financial Corp. (a) | 12,637 | 374,071 | ||||||
Precision Drilling Corp. (a) | 12,572 | 79,810 | ||||||
Pure Industrial Real Estate Trust | 34,174 | 136,264 | ||||||
Redknee Solutions, Inc. (a)(b) | 19,387 | 68,578 | ||||||
Restaurant Brands International, Inc. | 7,046 | 270,157 | ||||||
Richelieu Hardware, Ltd. | 12,141 | 604,030 | ||||||
Rogers Communications, Inc. (Class B) | 22,922 | 767,385 | ||||||
Royal Bank of Canada | 64,623 | 3,890,136 | ||||||
Russel Metals, Inc. (a) | 26,849 | 509,633 | ||||||
Saputo, Inc. | 10,680 | 293,542 | ||||||
Secure Energy Services, Inc. | 7,762 | 99,040 | ||||||
SEMAFO, Inc. (a)(b) | 18,749 | 56,550 | ||||||
Shaw Communications, Inc. (Class B) (a) | 33,118 | 743,161 | ||||||
Sherritt International Corp. | 38,574 | 63,655 | ||||||
Silver Wheaton Corp. | 16,214 | 308,021 | ||||||
Sirius XM Canada Holdings, Inc. | 534 | 2,319 | ||||||
SNC-Lavalin Group, Inc. | 8,085 | 251,072 | ||||||
Stantec, Inc. (a) | 3,136 | 75,051 | ||||||
Sun Life Financial, Inc. | 31,400 | 967,660 | ||||||
Suncor Energy, Inc. | 73,922 | 2,160,168 | ||||||
Tahoe Resources, Inc. (a) | 5,816 | 63,740 | ||||||
Talisman Energy, Inc. (a) | 46,348 | 355,341 | ||||||
Teck Resources, Ltd. (Class B) | 28,840 | 395,767 | ||||||
TELUS Corp. | 19,122 | 635,186 | ||||||
Thomson Reuters Corp. (a) | 17,233 | 698,709 | ||||||
TMX Group, Ltd. (a) | 1,992 | 85,594 | ||||||
Toronto-Dominion Bank (a) | 80,001 | 3,424,283 | ||||||
Tourmaline Oil Corp. (b) | 5,171 | 156,498 | ||||||
TransCanada Corp. (a) | 36,042 | 1,541,283 | ||||||
Trinidad Drilling, Ltd. (a) | 9,247 | 29,716 | ||||||
Turquoise Hill Resources, Ltd. (b) | 38,716 | 120,749 | ||||||
Valeant Pharmaceuticals International, Inc. (b) | 13,685 | 2,703,611 | ||||||
West Fraser Timber Co., Ltd. | 1,678 | 85,854 | ||||||
Westjet Airlines, Ltd. | 6,195 | 145,227 | ||||||
Yamana Gold, Inc. | 47,519 | 170,341 | ||||||
Yellow Pages, Ltd. (b) | 4,577 | 55,509 | ||||||
61,100,561 | ||||||||
CHINA — 0.3% | ||||||||
China Everbright Water, Ltd. (a)(b) | 99,300 | 68,410 | ||||||
Dah Sing Banking Group, Ltd. | 117,325 | 203,384 | ||||||
Dah Sing Financial Holdings, Ltd. | 58,885 | 348,614 | ||||||
ENN Energy Holdings, Ltd. | 38,000 | 233,057 | ||||||
Hongkong Land Holdings, Ltd. | 90,800 | 685,540 | ||||||
Sino Land Co., Ltd. | 316,897 | 516,646 | ||||||
2,055,651 | ||||||||
DENMARK — 1.5% | ||||||||
AP Moeller — Maersk A/S (Class B) (a) | 529 | 1,105,759 | ||||||
Carlsberg A/S (Class B) (a) | 2,183 | 180,138 | ||||||
Coloplast A/S (Class B) | 3,523 | 266,403 | ||||||
Danske Bank A/S | 40,714 | 1,074,040 | ||||||
DSV A/S | 24,931 | 775,241 | ||||||
FLSmidth & Co. A/S (a) | 7,471 | 336,173 | ||||||
Genmab A/S (b) | 2,183 | 164,133 | ||||||
GN Store Nord A/S (a) | 23,113 | 515,690 |
See accompanying notes to financial statements.
196
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Jyske Bank A/S (b) | 1,914 | $ | 80,594 | |||||
Novo Nordisk A/S (Class B) | 96,539 | 5,162,810 | ||||||
Novozymes A/S (Class B) | 8,891 | 406,460 | ||||||
Pandora A/S | 2,628 | 239,338 | ||||||
SimCorp A/S (a) | 10,461 | 342,885 | ||||||
TDC A/S (a) | 10,620 | 76,032 | ||||||
Vestas Wind Systems A/S | 10,982 | 454,531 | ||||||
11,180,227 | ||||||||
FINLAND — 0.9% | ||||||||
Amer Sports Oyj (a) | 5,477 | 117,646 | ||||||
Caverion Corp. | 10,661 | 108,087 | ||||||
Elisa Oyj (a) | 6,198 | 155,766 | ||||||
Fortum Oyj (a) | 18,239 | 383,155 | ||||||
Kemira Oyj (a) | 17,342 | 214,936 | ||||||
Kesko Oyj (Class B) | 3,050 | 130,274 | ||||||
Kone Oyj (Class B) (a) | 7,766 | 344,303 | ||||||
Konecranes Oyj (a) | 2,799 | 88,380 | ||||||
Lassila & Tikanoja Oyj | 1,510 | 28,024 | ||||||
Metso Oyj (a) | 11,190 | 326,531 | ||||||
Neste Oil Oyj (a) | 9,938 | 260,431 | ||||||
Nokia Oyj | 160,931 | 1,228,891 | ||||||
Sampo Oyj (Class A) | 24,759 | 1,250,316 | ||||||
Sanoma Oyj (a) | 15,255 | 84,049 | ||||||
Stockmann Oyj Abp (Class B) (a)(b) | 15,964 | 126,018 | ||||||
Stora Enso Oyj (a) | 33,865 | 348,798 | ||||||
Tikkurila Oyj | 7,475 | 142,821 | ||||||
UPM-Kymmene Oyj | 28,101 | 546,870 | ||||||
Valmet Oyj | 10,960 | 131,365 | ||||||
Wartsila Oyj Abp (a) | 8,172 | 361,777 | ||||||
YIT Oyj (a) | 15,784 | 86,709 | ||||||
6,465,147 | ||||||||
FRANCE — 7.4% | ||||||||
Accor SA | 13,995 | 730,188 | ||||||
Air Liquide SA | 13,310 | 1,712,533 | ||||||
Albioma SA | 12,628 | 241,276 | ||||||
Alcatel-Lucent (b) | 131,908 | 498,675 | ||||||
Alstom SA (b) | 12,486 | 385,268 | ||||||
Arkema SA | 1,719 | 136,121 | ||||||
AtoS | 3,264 | 225,301 | ||||||
AXA SA | 81,272 | 2,047,295 | ||||||
BNP Paribas SA | 41,503 | 2,521,563 | ||||||
Bollore SA | 20,978 | 111,683 | ||||||
Bourbon SA (a) | 13,797 | 236,347 | ||||||
Bouygues SA | 13,133 | 515,391 | ||||||
Bureau Veritas SA | 9,062 | 194,554 | ||||||
Cap Gemini SA | 11,561 | 948,249 | ||||||
Carrefour SA | 33,910 | 1,132,277 | ||||||
Casino Guichard-Perrachon SA | 5,658 | 501,509 | ||||||
CGG SA (b) | 13,752 | 77,541 | ||||||
Christian Dior SE | 2,337 | 441,121 | ||||||
Compagnie de Saint-Gobain | 26,249 | 1,152,888 | ||||||
Compagnie Generale des Etablissements Michelin | 7,876 | 783,371 | ||||||
Credit Agricole SA | 47,420 | 696,455 | ||||||
Danone SA | 31,388 | 2,110,964 | ||||||
Dassault Systemes | 4,153 | 281,625 | ||||||
Edenred | 14,090 | 351,305 | ||||||
EDF SA | 12,432 | 298,283 | ||||||
Essilor International SA | 12,447 | 1,427,710 | ||||||
Eutelsat Communications SA | 3,334 | 110,411 | ||||||
Faurecia | 2,224 | 97,215 | ||||||
GDF Suez | 66,008 | 1,304,778 | ||||||
Gecina SA | 1,506 | 203,555 | ||||||
Groupe Eurotunnel SE | 16,494 | 236,312 | ||||||
Hermes International | 1,095 | 386,208 | ||||||
Hi-Media SA (b) | 69,830 | 164,994 | ||||||
Iliad SA | 895 | 208,875 | ||||||
Ingenico | 1,996 | 219,301 | ||||||
Kering | 4,684 | 914,566 | ||||||
L’Oreal SA | 10,591 | 1,949,060 | ||||||
Lafarge SA | 9,476 | 614,195 | ||||||
Lagardere SCA | 12,575 | 377,345 | ||||||
Legrand SA | 11,077 | 598,880 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 11,670 | 2,057,386 | ||||||
Natixis SA | 18,926 | 141,493 | ||||||
Nexans SA (b) | 3,949 | 133,090 | ||||||
Numericable-SFR (b) | 8,792 | 479,118 | ||||||
Orange SA | 84,500 | 1,358,118 | ||||||
Pernod Ricard SA | 8,475 | 1,002,602 | ||||||
Peugeot SA (b) | 18,530 | 310,260 | ||||||
Plastic Omnium SA | 2,905 | 76,704 | ||||||
Publicis Groupe SA | 12,887 | 994,173 | ||||||
Renault SA | 10,348 | 942,112 | ||||||
Rexel SA | 11,413 | 215,304 | ||||||
Safran SA | 13,837 | 965,961 | ||||||
Sanofi | 48,694 | 4,807,694 | ||||||
Schneider Electric SE (c) | 22,286 | 1,731,709 | ||||||
Schneider Electric SE (c) | 2,000 | 155,552 | ||||||
SCOR SE | 7,403 | 249,775 | ||||||
Societe Generale SA | 33,677 | 1,626,524 | ||||||
Societe Television Francaise 1 | 4,800 | 85,061 | ||||||
Sodexo SA | 4,093 | 399,102 | ||||||
Suez Environnement Co. | 4,535 | 78,051 | ||||||
Technicolor SA (b) | 16,773 | 108,193 | ||||||
Technip SA | 5,988 | 362,522 | ||||||
Thales SA | 1,321 | 73,350 | ||||||
Total SA (a) | 101,986 | 5,068,636 | ||||||
UBISOFT Entertainment (b) | 6,410 | 118,445 | ||||||
Unibail-Rodamco SE | 3,942 | 1,062,872 | ||||||
Valeo SA | 5,176 | 772,982 | ||||||
Vallourec SA | 7,451 | 181,854 | ||||||
Veolia Environnement SA | 34,708 | 656,623 | ||||||
Vinci SA | 26,516 | 1,515,893 | ||||||
Vivendi SA | 51,082 | 1,268,685 | ||||||
Zodiac Aerospace | 4,873 | 161,352 | ||||||
56,306,384 | ||||||||
GERMANY — 7.3% | ||||||||
Aareal Bank AG | 2,037 | 85,967 | ||||||
adidas AG | 11,782 | 932,463 | ||||||
Allianz SE | 21,174 | 3,680,610 | ||||||
BASF SE | 41,169 | 4,092,144 | ||||||
Bayer AG | 37,849 | 5,688,941 | ||||||
Bayerische Motoren Werke AG | 17,802 | 2,226,447 | ||||||
Bilfinger SE | 5,426 | 314,744 | ||||||
Brenntag AG | 1,940 | 116,179 | ||||||
Commerzbank AG (b) | 37,281 | 514,511 |
See accompanying notes to financial statements.
197
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Continental AG | 2,604 | $ | 616,112 | |||||
Daimler AG (a) | 47,928 | 4,618,821 | ||||||
Deutsche Bank AG | 53,237 | 1,850,232 | ||||||
Deutsche Boerse AG | 11,019 | 900,125 | ||||||
Deutsche Lufthansa AG | 7,279 | 102,255 | ||||||
Deutsche Post AG | 48,219 | 1,506,748 | ||||||
Deutsche Telekom AG | 136,673 | 2,502,714 | ||||||
DMG MORI SEIKI AG | 2,896 | 95,175 | ||||||
E.ON SE | 82,234 | 1,226,313 | ||||||
Fresenius Medical Care AG & Co. KGaA | 12,854 | 1,069,350 | ||||||
Fresenius SE & Co. KGaA | 22,447 | 1,340,168 | ||||||
GEA Group AG | 15,735 | 761,148 | ||||||
Hamborner REIT AG | 11,492 | 126,448 | ||||||
HeidelbergCement AG | 2,410 | 191,045 | ||||||
Henkel AG & Co. KGaA | 5,087 | 525,473 | ||||||
Henkel AG & Co. KGaA Preference Shares | 8,018 | 943,371 | ||||||
Hochtief AG | �� | 3,962 | 300,331 | |||||
Infineon Technologies AG | 78,733 | 941,144 | ||||||
K+S AG | 8,562 | 279,638 | ||||||
Lanxess AG | 3,737 | 199,172 | ||||||
Linde AG | 7,347 | 1,496,467 | ||||||
MAN SE | 3,830 | 403,115 | ||||||
Merck KGaA | 8,461 | 950,057 | ||||||
Metro AG | 2,699 | 91,585 | ||||||
MorphoSys AG (b) | 881 | 55,646 | ||||||
MTU Aero Engines AG | 1,545 | 151,530 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 8,203 | 1,768,611 | ||||||
Norma Group SE | 2,001 | 100,716 | ||||||
OHB SE | 4,232 | 96,358 | ||||||
OSRAM Licht AG | 3,218 | 160,019 | ||||||
Porsche Automobil Holding SE Preference Shares | 9,374 | 920,890 | ||||||
ProSiebenSat.1 Media AG | 1,697 | 83,301 | ||||||
Puma AG Rudolf Dassler Sport (a) | 1,604 | 297,510 | ||||||
Rheinmetall AG | 1,743 | 84,249 | ||||||
RWE AG | 21,937 | 560,265 | ||||||
Salzgitter AG | 4,157 | 120,924 | ||||||
SAP SE | 44,770 | 3,247,043 | ||||||
Siemens AG | 35,109 | 3,797,100 | ||||||
Symrise AG | 2,141 | 135,299 | ||||||
ThyssenKrupp AG | 21,038 | 552,104 | ||||||
Volkswagen AG | 1,562 | 402,705 | ||||||
Volkswagen AG Preference Shares | 6,479 | 1,724,650 | ||||||
Wincor Nixdorf AG | 8,137 | 382,250 | ||||||
Wirecard AG | 2,757 | 116,546 | ||||||
55,446,729 | ||||||||
HONG KONG — 2.9% | ||||||||
AIA Group, Ltd. | 502,800 | 3,164,773 | ||||||
APT Satellite Holdings, Ltd. | 96,000 | 108,840 | ||||||
Bank of East Asia, Ltd. | 192,382 | 765,503 | ||||||
Bloomage Biotechnology Corp., Ltd. | 24,147 | 47,029 | ||||||
BOC Hong Kong Holdings, Ltd. | 151,500 | 540,300 | ||||||
China Water Industry Group, Ltd. (a)(b) | 728,000 | 172,773 | ||||||
Chong Hing Bank, Ltd. | 1,385 | 3,283 | ||||||
CK Hutchison Holdings, Ltd. | 61,000 | 1,249,418 | ||||||
CLP Holdings, Ltd. | 130,500 | 1,140,374 | ||||||
Esprit Holdings, Ltd. (a) | 144,219 | 146,394 | ||||||
Galaxy Entertainment Group, Ltd. | 105,000 | 478,070 | ||||||
Hang Lung Group, Ltd. | 121,000 | 551,699 | ||||||
Hang Lung Properties, Ltd. | 222,000 | 624,219 | ||||||
Hang Seng Bank, Ltd. | 30,600 | 554,530 | ||||||
HC International, Inc. (a)(b) | 60,000 | 63,459 | ||||||
Henderson Land Development Co., Ltd. | 53,000 | 372,221 | ||||||
HKT Trust/HKT, Ltd. | 104,900 | 135,166 | ||||||
Hong Kong & China Gas Co., Ltd. | 265,700 | 614,811 | ||||||
Hong Kong Exchanges and Clearing, Ltd. | 47,868 | 1,173,076 | ||||||
Hopewell Highway Infrastructure, Ltd. (a) | 6,975 | 3,320 | ||||||
Hopewell Holdings | 138,500 | 519,841 | ||||||
Hutchison Whampoa, Ltd. | 97,000 | 1,346,206 | ||||||
Hysan Development Co., Ltd. | 158,841 | 696,577 | ||||||
Jardine Matheson Holdings, Ltd. | 11,204 | 708,093 | ||||||
Jardine Strategic Holdings, Ltd. | 4,000 | 140,000 | ||||||
Li & Fung, Ltd. | 380,000 | 371,028 | ||||||
Link REIT | 105,351 | 649,522 | ||||||
Melco Crown Entertainment, Ltd. ADR (a) | 5,942 | 127,515 | ||||||
Melco International Development, Ltd. (a) | 34,000 | 57,273 | ||||||
MTR Corp., Ltd. | 58,000 | 276,046 | ||||||
New World Development Co., Ltd. | 504,750 | 585,280 | ||||||
Noble Group, Ltd. | 203,000 | 136,152 | ||||||
Pacific Basin Shipping, Ltd. (a) | 522,000 | 172,361 | ||||||
Power Assets Holdings, Ltd. | 55,000 | 562,553 | ||||||
Sands China, Ltd. | 103,600 | 428,936 | ||||||
SJM Holdings, Ltd. (a) | 57,000 | 74,549 | ||||||
Sun Hung Kai Properties, Ltd. | 70,509 | 1,087,685 | ||||||
Swire Pacific, Ltd. | 71,000 | 967,967 | ||||||
Techtronic Industries Co., Ltd. | 53,000 | 179,104 | ||||||
Wharf Holdings, Ltd. | 78,000 | 544,779 | ||||||
Wheelock & Co., Ltd. | 132,000 | 675,063 | ||||||
Wynn Macau, Ltd. (a) | 43,600 | 94,364 | ||||||
22,310,152 | ||||||||
IRELAND — 0.5% | ||||||||
Aer Lingus Group PLC | 42,029 | 105,174 | ||||||
Bank of Ireland (b) | 1,101,414 | 418,753 | ||||||
C&C Group PLC | 15,901 | 65,151 | ||||||
CRH PLC | 38,590 | 1,004,228 | ||||||
DCC PLC | 3,471 | 207,293 | ||||||
FleetMatics Group PLC (a)(b) | 2,176 | 97,594 | ||||||
Glanbia PLC | 4,995 | 92,620 | ||||||
Grafton Group PLC | 8,838 | 106,338 | ||||||
Green REIT PLC | 158,745 | 278,925 | ||||||
Greencore Group PLC | 20,960 | 100,315 | ||||||
Irish Bank Resolution Corp., Ltd. (b)(d) | 5,635 | 0 | ||||||
James Hardie Industries PLC | 17,011 | 198,312 | ||||||
Kerry Group PLC (Class A) | 3,183 | 213,659 | ||||||
Kingspan Group PLC | 16,990 | 321,790 | ||||||
Paddy Power PLC | 1,329 | 113,774 | ||||||
Ryanair Holdings PLC ADR | 5,149 | 343,799 | ||||||
Smurfit Kappa Group PLC | 7,766 | 218,025 |
See accompanying notes to financial statements.
198
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
UDG Healthcare PLC | 9,918 | $ | 69,568 | |||||
3,955,318 | ||||||||
ISRAEL — 0.7% | ||||||||
Bank Hapoalim BM | 43,793 | 210,997 | ||||||
Bank Leumi Le-Israel BM (b) | 57,360 | 213,043 | ||||||
Bezeq The Israeli Telecommunication Corp., Ltd. | 86,175 | 160,791 | ||||||
Check Point Software Technologies, Ltd. (b) | 5,847 | 479,279 | ||||||
Evogene, Ltd. (b) | 6,818 | 60,110 | ||||||
Israel Chemicals, Ltd. | 17,832 | 126,901 | ||||||
Mazor Robotics, Ltd. (b) | 6,308 | 35,690 | ||||||
NICE Systems, Ltd. | 2,531 | 155,232 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. | 6,543 | 262,924 | ||||||
REIT 1, Ltd. | 61,250 | 187,907 | ||||||
Shufersal, Ltd. (b) | 94,236 | 211,401 | ||||||
Stratasys, Ltd. (a)(b) | 1,897 | 100,124 | ||||||
Strauss Group, Ltd. (b) | 26,941 | 421,252 | ||||||
Teva Pharmaceutical Industries, Ltd. ADR | 43,560 | 2,713,788 | ||||||
5,339,439 | ||||||||
ITALY — 2.0% | ||||||||
A2A SpA | 59,338 | 61,658 | ||||||
Assicurazioni Generali SpA | 27,601 | 542,772 | ||||||
Atlantia SpA | 32,655 | 857,497 | ||||||
Azimut Holding SpA | 3,970 | 113,289 | ||||||
Banca Generali SpA | 2,914 | 91,291 | ||||||
Banca IFIS SpA | 7,792 | 162,769 | ||||||
Banca Monte dei Paschi di Siena SpA (a)(b) | 270,038 | 179,233 | ||||||
Banca Popolare dell’Emilia Romagna SC (b) | 21,556 | 188,334 | ||||||
Banca Popolare di Milano Scarl (b) | 248,492 | 252,335 | ||||||
Banca Popolare di Sondrio Scarl | 29,702 | 135,638 | ||||||
Banco Popolare SC (b) | 10,473 | 163,771 | ||||||
Biesse SpA | 25,505 | 437,730 | ||||||
Brembo SpA | 3,574 | 145,939 | ||||||
Cairo Communication SpA | 20,608 | 122,174 | ||||||
Credito Valtellinese SC (b) | 61,273 | 82,522 | ||||||
Davide Campari-Milano SpA (a) | 96,423 | 672,611 | ||||||
Enel SpA | 222,120 | 1,004,801 | ||||||
ENI SpA | 106,150 | 1,838,902 | ||||||
Esprinet SpA | 16,216 | �� | 146,294 | |||||
Falck Renewables SpA | 184,911 | 238,909 | ||||||
Finmeccanica SpA (b) | 31,383 | 373,455 | ||||||
Immobiliare Grande Distribuzione SpA | 157,968 | 157,782 | ||||||
Interpump Group SpA | 7,997 | 129,948 | ||||||
Intesa Sanpaolo SpA | 548,217 | 1,864,093 | ||||||
Iren SpA | 120,708 | 165,421 | ||||||
Luxottica Group SpA | 2,179 | 138,308 | ||||||
Mediaset SpA (a)(b) | 29,200 | 133,409 | ||||||
Mediobanca SpA | 16,933 | 162,492 | ||||||
Pirelli & C. SpA | 26,841 | 445,669 | ||||||
Prada SpA (a) | 18,500 | 112,149 | ||||||
Prysmian SpA | 7,312 | 150,701 | ||||||
Recordati SpA | 6,323 | 118,162 | ||||||
Reply SpA | 1,564 | 153,024 | ||||||
Saipem SpA (a)(b) | 17,071 | 174,084 | ||||||
Salvatore Ferragamo SpA | 2,736 | 87,625 | ||||||
SAVE SpA | 6,603 | 90,844 | ||||||
Snam SpA | 19,089 | 92,667 | ||||||
Societa Cattolica di Assicurazioni SCRL | 20,262 | 176,594 | ||||||
Sogefi SpA (b) | 15,490 | 50,840 | ||||||
Telecom Italia SpA (a)(b) | 583,342 | 684,148 | ||||||
UBI Banca SCpA | 35,569 | 278,295 | ||||||
UniCredit SpA | 213,764 | 1,453,257 | ||||||
Unipol Gruppo Finanziario SpA | 14,700 | 77,929 | ||||||
UnipolSai SpA | 37,326 | 109,440 | ||||||
World Duty Free SpA (a)(b) | 5,151 | 55,488 | ||||||
Yoox SpA (a)(b) | 2,904 | 80,312 | ||||||
Zignago Vetro SpA | 15,900 | 96,995 | ||||||
15,051,600 | ||||||||
JAPAN — 21.3% | ||||||||
Acom Co., Ltd. (a)(b) | 23,400 | 81,366 | ||||||
Activia Properties, Inc. | 10 | 87,471 | ||||||
Aderans Co., Ltd. | 16,800 | 173,849 | ||||||
Advance Residence Investment Corp. | 38 | 91,289 | ||||||
Advantest Corp. (a) | 21,200 | 268,524 | ||||||
Aeon Co., Ltd. (a) | 53,420 | 587,542 | ||||||
Aeon Credit Service Co., Ltd. (a) | 3,500 | 88,576 | ||||||
AEON REIT Investment Corp. (a) | 72 | 103,385 | ||||||
Ajinomoto Co., Inc. (a) | 22,000 | 483,294 | ||||||
Akita Bank, Ltd. (a) | 133,550 | 408,696 | ||||||
Alconix Corp. | 25,200 | 372,773 | ||||||
Alps Electric Co., Ltd. | 7,800 | 188,813 | ||||||
ANA Holdings, Inc. | 36,000 | 96,600 | ||||||
Aomori Bank, Ltd. | 10,101 | 32,596 | ||||||
Aoyama Trading Co., Ltd. | 21,600 | 705,141 | ||||||
Asahi Group Holdings, Ltd. | 31,436 | 999,635 | ||||||
Asahi Kasei Corp. (a) | 98,550 | 944,206 | ||||||
Asics Corp. | 8,200 | 223,590 | ||||||
Astellas Pharma, Inc. | 120,900 | 1,983,496 | ||||||
Atom Corp. (a) | 43,100 | 282,482 | ||||||
Awa Bank, Ltd. | 11,550 | 65,587 | ||||||
Bandai Namco Holdings, Inc. | 9,200 | 179,359 | ||||||
Bank of Iwate, Ltd. (a) | 9,755 | 422,981 | ||||||
Bank of Okinawa, Ltd. | 11,255 | 473,006 | ||||||
Bank of Yokohama, Ltd. | 133,550 | 783,983 | ||||||
Bridgestone Corp. | 37,265 | 1,496,504 | ||||||
Brother Industries, Ltd. | 8,000 | 127,613 | ||||||
Calbee, Inc. | 3,700 | 161,051 | ||||||
Can Do Co., Ltd. (a) | 5,300 | 69,562 | ||||||
Canon, Inc. | 53,216 | 1,885,025 | ||||||
Casio Computer Co., Ltd. (a) | 30,700 | 583,409 | ||||||
Central Japan Railway Co. | 11,700 | 2,121,463 | ||||||
Chiba Bank, Ltd. | 129,550 | 952,788 | ||||||
Chubu Electric Power Co., Inc. | 40,065 | 479,076 | ||||||
Chugai Pharmaceutical Co., Ltd. (a) | 15,480 | 488,570 | ||||||
Chugoku Electric Power Co., Inc. (a) | 6,100 | 79,655 | ||||||
COLOPL, Inc. (a) | 2,000 | 43,210 | ||||||
Colowide Co., Ltd. (a) | 50,900 | 696,493 | ||||||
COOKPAD, Inc. (a) | 2,100 | 96,310 | ||||||
Credit Saison Co., Ltd. | 24,600 | 442,667 | ||||||
CyberAgent, Inc. | 2,900 | 166,612 | ||||||
Dai-ichi Life Insurance Co., Ltd. | 25,200 | 366,784 |
See accompanying notes to financial statements.
199
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Daicel Corp. | 10,900 | $ | 130,246 | |||||
Daifuku Co., Ltd. | 5,300 | 70,181 | ||||||
Daiichi Sankyo Co., Ltd. (a) | 40,065 | 637,098 | ||||||
Daiken Medical Co., Ltd. | 12,600 | 133,959 | ||||||
Daikin Industries, Ltd. | 17,210 | 1,154,652 | ||||||
Daishi Bank, Ltd. | 136,176 | 480,321 | ||||||
Daito Trust Construction Co., Ltd. (a) | 5,355 | 599,465 | ||||||
Daiwa House Industry Co., Ltd. (a) | 28,200 | 557,533 | ||||||
Daiwa House REIT Investment Corp. | 10 | 43,861 | ||||||
Daiwa Securities Group, Inc. | 101,550 | 801,053 | ||||||
Daiwahouse Residential Investment Corp. (a) | 38 | 83,145 | ||||||
Dena Co., Ltd. (a) | 7,600 | 148,990 | ||||||
Denso Corp. | 26,710 | 1,221,188 | ||||||
Dentsu, Inc. | 8,800 | 377,903 | ||||||
Don Quijote Holdings Co., Ltd. | 1,700 | 138,637 | ||||||
Dowa Holdings Co., Ltd. | 22,000 | 188,585 | ||||||
East Japan Railway Co. | 13,500 | 1,085,178 | ||||||
Ebara Corp. (a) | 19,000 | 80,325 | ||||||
Eighteenth Bank, Ltd. | 8,251 | 25,112 | ||||||
Eisai Co., Ltd. (a) | 13,451 | 957,301 | ||||||
Electric Power Development Co., Ltd. | 5,500 | 185,741 | ||||||
Euglena Co., Ltd. (a)(b) | 5,000 | 82,385 | ||||||
F@N Communications, Inc. (a) | 7,400 | 63,001 | ||||||
FANUC Corp. | 9,155 | 2,003,909 | ||||||
Fast Retailing Co., Ltd. (a) | 2,600 | 1,008,022 | ||||||
Feed One Holdings Co., Ltd. | 199,900 | 190,024 | ||||||
Financial Products Group Co., Ltd. (a) | 12,000 | 132,883 | ||||||
Foster Electric Co., Ltd. | 15,000 | 375,235 | ||||||
Frontier Real Estate Investment Corp. | 20 | 95,226 | ||||||
Fuji Heavy Industries, Ltd. | 20,900 | 695,534 | ||||||
FUJIFILM Holdings Corp. | 26,710 | 952,473 | ||||||
Fujitsu, Ltd. | 94,513 | 645,533 | ||||||
Fukuoka Financial Group, Inc. | 133,550 | 689,326 | ||||||
Fukuoka REIT Corp. | 10 | 18,678 | ||||||
Furukawa Electric Co., Ltd. (a) | 102,550 | 173,589 | ||||||
GLP J-REIT | 147 | 152,363 | ||||||
GMO Internet, Inc. | 3,500 | 43,135 | ||||||
GS Yuasa Corp. (a) | 17,000 | 76,690 | ||||||
GungHo Online Entertainment, Inc. (a) | 15,500 | 60,746 | ||||||
Gurunavi, Inc. | 6,000 | 117,373 | ||||||
Hankyu Hanshin Holdings, Inc. | 134,513 | 833,381 | ||||||
Hankyu REIT, Inc. | 170 | 214,759 | ||||||
Heiwa Real Estate REIT, Inc. (a) | 383 | 305,953 | ||||||
Higo Bank, Ltd. | 117,550 | 722,404 | ||||||
Hino Motors, Ltd. | 8,500 | 121,555 | ||||||
Hirose Electric Co., Ltd. | 945 | 122,454 | ||||||
Hitachi Metals, Ltd. | 11,000 | 169,231 | ||||||
Hitachi, Ltd. (a) | 229,475 | 1,575,183 | ||||||
Hokkoku Bank, Ltd. | 133,550 | 466,604 | ||||||
Honda Motor Co., Ltd. (a) | 76,475 | 2,488,905 | ||||||
Hoya Corp. | 29,906 | 1,201,352 | ||||||
Hulic Co., Ltd. | 14,000 | 157,715 | ||||||
Hyakugo Bank, Ltd. | 133,550 | 620,282 | ||||||
Ibiden Co., Ltd. | 13,800 | 233,251 | ||||||
Ichigo Real Estate Investment Corp. | 529 | 428,317 | ||||||
IHI Corp. | 45,000 | 211,257 | ||||||
Iida Group Holdings Co., Ltd. | 5,000 | 62,456 | ||||||
Industrial & Infrastructure Fund Investment Corp. | 40 | 186,450 | ||||||
Infomart Corp. | 11,600 | 106,497 | ||||||
Inpex Corp. | 32,500 | 359,214 | ||||||
Intage Holdings, Inc. | 10,000 | 172,191 | ||||||
Iriso Electronics Co., Ltd. | 2,200 | 154,463 | ||||||
Isuzu Motors, Ltd. | 57,100 | 760,619 | ||||||
ITOCHU Corp. (a) | 98,650 | 1,070,611 | ||||||
Iwatani Corp. (a) | 14,000 | 91,991 | ||||||
J Front Retailing Co., Ltd. | 5,100 | 80,333 | ||||||
Jafco Co., Ltd. | 2,100 | 78,274 | ||||||
Japan Airlines Co., Ltd. | 4,000 | 124,745 | ||||||
Japan Airport Terminal Co., Ltd. | 4,800 | 291,382 | ||||||
Japan Digital Laboratory Co., Ltd. | 18,620 | 245,627 | ||||||
Japan Excellent, Inc. | 76 | 99,305 | ||||||
Japan Exchange Group, Inc. (a) | 13,000 | 377,778 | ||||||
Japan Hotel REIT Investment Corp. | 923 | 657,279 | ||||||
Japan Logistics Fund, Inc. | 37 | 76,916 | ||||||
Japan Prime Realty Investment Corp. | 29 | 99,992 | ||||||
Japan Real Estate Investment Corp. | 35 | 164,895 | ||||||
Japan Retail Fund Investment Corp. | 47 | 93,510 | ||||||
Japan Tissue Engineering Co., Ltd. (a)(b) | 2,200 | 23,830 | ||||||
Japan Tobacco, Inc. | 52,800 | 1,673,266 | ||||||
JFE Holdings, Inc. | 26,710 | 591,106 | ||||||
JGC Corp. | 8,000 | 159,333 | ||||||
JSR Corp. | 22,100 | 383,859 | ||||||
JTEKT Corp. | 9,700 | 151,738 | ||||||
JX Holdings, Inc. | 166,900 | 643,245 | ||||||
Kajima Corp. | 94,475 | 439,583 | ||||||
Kakaku.com, Inc. (a) | 11,100 | 184,931 | ||||||
Kansai Electric Power Co., Inc. (b) | 49,200 | 470,359 | ||||||
Kao Corp. | 21,900 | 1,095,685 | ||||||
Kawai Musical Instruments Manufacturing Co., Ltd. (a) | 8,700 | 171,352 | ||||||
Kawasaki Heavy Industries, Ltd. | 46,000 | 232,829 | ||||||
KDDI Corp. | 75,900 | 1,721,792 | ||||||
Kenedix Office Investment Corp. | 42 | 230,444 | ||||||
Kenedix, Inc. (a) | 12,700 | 51,891 | ||||||
Keyence Corp. | 2,000 | 1,094,017 | ||||||
Kintetsu Corp. (a) | 233,101 | 857,182 | ||||||
Kirin Holdings Co., Ltd. (a) | 25,200 | 331,377 | ||||||
Kiyo Bank, Ltd. | 30,000 | 419,012 | ||||||
KNT-CT Holdings Co., Ltd. (b) | 118,000 | 165,303 | ||||||
Koito Manufacturing Co., Ltd. | 5,000 | 150,719 | ||||||
Komatsu, Ltd. | 49,320 | 971,595 | ||||||
Konami Corp. | 4,300 | 80,675 | ||||||
Konica Minolta Holdings, Inc. | 47,075 | 479,288 | ||||||
Kubota Corp. | 70,550 | 1,119,505 | ||||||
Kurita Water Industries, Ltd. | 14,110 | 341,793 | ||||||
Kyocera Corp. | 23,400 | 1,286,244 | ||||||
Kyoritsu Maintenance Co., Ltd. (a) | 13,560 | 650,156 | ||||||
Kyoto Kimono Yuzen Co., Ltd. (a) | 20,900 | 174,101 | ||||||
Kyushu Electric Power Co., Inc. (a)(b) | 17,100 | 166,116 | ||||||
Leopalace21 Corp. (b) | 1,600 | 8,392 | ||||||
Livesense, Inc. (a)(b) | 3,000 | 15,360 | ||||||
LIXIL Group Corp. (a) | 9,000 | 213,659 | ||||||
M3, Inc. | 7,900 | 168,046 | ||||||
Makita Corp. (a) | 5,600 | 291,382 |
See accompanying notes to financial statements.
200
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Marubeni Corp. (a) | 135,550 | $ | 786,682 | |||||
Matsuya Co., Ltd. | 24,600 | 374,359 | ||||||
Mazda Motor Corp. | 19,400 | 394,552 | ||||||
Medipal Holdings Corp. | 28,999 | 378,432 | ||||||
MEIJI Holdings Co., Ltd. | 2,600 | 317,615 | ||||||
Meiko Network Japan Co., Ltd. | 24,500 | 263,335 | ||||||
MID Reit, Inc. | 107 | 259,459 | ||||||
Milbon Co., Ltd. (a) | 11,300 | 363,240 | ||||||
Minebea Co., Ltd. | 16,000 | 253,225 | ||||||
MISUMI Group, Inc. | 16,257 | 657,465 | ||||||
Mitsubishi Corp. (a) | 78,338 | 1,581,131 | ||||||
Mitsubishi Electric Corp. | 116,550 | 1,388,298 | ||||||
Mitsubishi Estate Co., Ltd. | 56,925 | 1,322,910 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 15,000 | 74,046 | ||||||
Mitsubishi Heavy Industries, Ltd. | 191,101 | 1,055,378 | ||||||
Mitsubishi Logistics Corp. | 9,000 | 140,713 | ||||||
Mitsubishi Motors Corp. | 39,900 | 360,988 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 601,424 | 3,729,656 | ||||||
Mitsui & Co., Ltd. | 94,826 | 1,274,626 | ||||||
Mitsui Chemicals, Inc. | 103,550 | 333,294 | ||||||
Mitsui Fudosan Co., Ltd. | 33,000 | 971,219 | ||||||
Mitsui OSK Lines, Ltd. | 110,550 | 376,105 | ||||||
Mizuho Financial Group, Inc. | 1,032,200 | 1,816,947 | ||||||
Mori Hills REIT Investment Corp. | 60 | 84,703 | ||||||
MS&AD Insurance Group Holdings, Inc. (a) | 26,999 | 758,696 | ||||||
Murata Manufacturing Co., Ltd. | 12,000 | 1,654,534 | ||||||
Musashino Bank, Ltd. | 13,355 | 449,343 | ||||||
Nabtesco Corp. | 5,200 | 150,894 | ||||||
Nachi-Fujikoshi Corp. | 15,000 | 82,301 | ||||||
Nanto Bank, Ltd. | 131,550 | 457,422 | ||||||
NEC Corp. | 94,000 | 276,690 | ||||||
NGK Insulators, Ltd. | 12,000 | 256,660 | ||||||
NGK Spark Plug Co., Ltd. | 6,000 | 161,601 | ||||||
NHK Spring Co., Ltd. | 9,500 | 99,258 | ||||||
Nidec Corp. | 12,500 | 832,499 | ||||||
Nikon Corp. (a) | 26,400 | 354,421 | ||||||
Nintendo Co., Ltd. | 4,900 | 722,181 | ||||||
Nippon Accommodations Fund, Inc. | 11 | 41,826 | ||||||
Nippon Building Fund, Inc. | 38 | 186,950 | ||||||
Nippon Paint Holdings Co., Ltd. (a) | 8,900 | 326,537 | ||||||
Nippon Paper Industries Co., Ltd. (a) | 4,200 | 63,250 | ||||||
Nippon Prologis REIT, Inc. | 10 | 22,047 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 434,101 | 1,094,981 | ||||||
Nippon Suisan Kaisha, Ltd. | 84,400 | 256,877 | ||||||
Nippon Telegraph & Telephone Corp. | 13,700 | 845,019 | ||||||
Nippon Yusen K.K. | 133,550 | 385,310 | ||||||
Nissan Motor Co., Ltd. | 106,741 | 1,089,439 | ||||||
Nissei ASB Machine Co., Ltd. | 4,300 | 88,851 | ||||||
Nitori Holding Co., Ltd. | 1,700 | 115,389 | ||||||
Nitto Denko Corp. | 8,600 | 575,843 | ||||||
Nomura Holdings, Inc. | 172,885 | 1,018,064 | ||||||
Nomura Real Estate Residential Fund, Inc. | 16 | 88,989 | ||||||
Nomura Research Institute, Ltd. | 3,000 | 113,071 | ||||||
NSK, Ltd. | 17,000 | 249,206 | ||||||
NTT Data Corp. (a) | 10,000 | 436,106 | ||||||
NTT DoCoMo, Inc. | 78,200 | 1,359,901 | ||||||
Obayashi Corp. | 81,550 | 530,406 | ||||||
Ogaki Kyoritsu Bank, Ltd. | 133,550 | 423,173 | ||||||
OJI Paper Co., Ltd. (a) | 23,000 | 94,359 | ||||||
Oki Electric Industry Co., Ltd. | 36,000 | 74,747 | ||||||
Olympus Corp. (b) | 14,200 | 528,689 | ||||||
Omron Corp. | 8,500 | 384,157 | ||||||
Ono Pharmaceutical Co., Ltd. | 4,700 | 532,216 | ||||||
Oriental Land Co., Ltd. (a) | 11,200 | 849,398 | ||||||
ORIX Corp. | 53,300 | 750,444 | ||||||
Orix JREIT, Inc. | 73 | 104,699 | ||||||
Osaka Gas Co., Ltd. | 41,000 | 171,863 | ||||||
Otsuka Holdings Co., Ltd. (a) | 16,400 | 514,120 | ||||||
Panasonic Corp. | 107,050 | 1,407,695 | ||||||
Pigeon Corp. | 3,100 | 261,338 | ||||||
Rakuten, Inc. | 28,800 | 508,758 | ||||||
Raysum Co., Ltd. (a)(b) | 3,300 | 34,011 | ||||||
Renesas Electronics Corp. (b) | 9,700 | 72,229 | ||||||
Resona Holdings, Inc. | 40,100 | 199,488 | ||||||
Ricoh Co., Ltd. | 25,000 | 272,670 | ||||||
Ringer Hut Co., Ltd. | 27,600 | 490,897 | ||||||
Riso Kyoiku Co., Ltd. (a)(b) | 18,906 | 56,438 | ||||||
Rock Field Co., Ltd. | 11,900 | 256,308 | ||||||
Rohm Co., Ltd. | 5,700 | 391,169 | ||||||
Rohto Pharmaceutical Co., Ltd. | 5,901 | 84,043 | ||||||
Ryohin Keikaku Co., Ltd. | 1,000 | 145,591 | ||||||
San-In Godo Bank, Ltd. | 7,550 | 62,389 | ||||||
Sankyo Seiko Co., Ltd. | 48,700 | 200,607 | ||||||
Sanrio Co., Ltd. (a) | 3,900 | 104,553 | ||||||
Sawai Pharmaceutical Co., Ltd. | 1,600 | 94,859 | ||||||
SBI Holdings, Inc. | 8,300 | 100,770 | ||||||
Secom Co., Ltd. | 13,548 | 906,589 | ||||||
Sega Sammy Holdings, Inc. (a) | 5,300 | 77,517 | ||||||
Seiko Epson Corp. (a) | 17,400 | 309,188 | ||||||
Seino Holdings Co., Ltd. | 8,400 | 91,267 | ||||||
Sekisui Chemical Co., Ltd. | 17,000 | 220,996 | ||||||
Sekisui House SI Residential Investment Corp. (a) | 146 | 157,900 | ||||||
Sekisui House, Ltd. | 7,700 | 112,073 | ||||||
Seria Co., Ltd. | 1,900 | 68,760 | ||||||
Seven & i Holdings Co., Ltd. | 39,928 | 1,682,353 | ||||||
Sharp Corp. (a)(b) | 72,000 | 141,088 | ||||||
Shiga Bank, Ltd. | 118,550 | 593,121 | ||||||
Shikoku Bank, Ltd. (a) | 262,101 | 539,829 | ||||||
Shikoku Electric Power Co., Inc. (b) | 8,500 | 104,899 | ||||||
Shimano, Inc. | 2,500 | 372,733 | ||||||
Shimizu Corp. | 84,513 | 572,934 | ||||||
Shin-Etsu Chemical Co., Ltd. | 21,317 | 1,395,359 | ||||||
Shinsei Bank, Ltd. (a) | 74,000 | 147,475 | ||||||
Shiseido Co., Ltd. (a) | 9,700 | 172,525 | ||||||
SMC Corp. | 2,200 | 657,569 | ||||||
SMS Co., Ltd. | 8,200 | 110,222 | ||||||
Softbank Corp. | 42,036 | 2,446,623 | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 27,400 | 853,358 | ||||||
Sony Corp. (b) | 44,320 | 1,178,910 | ||||||
Square Enix Holdings Co., Ltd. | 3,400 | 72,947 | ||||||
Stanley Electric Co., Ltd. | 22,773 | 515,941 | ||||||
Start Today Co., Ltd. | 2,700 | 71,257 | ||||||
Starts Proceed Investment Corp. | 51 | 89,603 |
See accompanying notes to financial statements.
201
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Sumitomo Chemical Co., Ltd. | 133,550 | $ | 688,213 | |||||
Sumitomo Corp. (a) | 71,775 | 769,371 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. (a) | 5,300 | 62,933 | ||||||
Sumitomo Electric Industries, Ltd. | 53,120 | 697,636 | ||||||
Sumitomo Heavy Industries, Ltd. | 24,000 | 157,498 | ||||||
Sumitomo Metal Mining Co., Ltd. | 5,000 | 73,317 | ||||||
Sumitomo Mitsui Financial Group, Inc. (a) | 59,100 | 2,267,656 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 226,550 | 936,048 | ||||||
Sumitomo Precision Products Co., Ltd. (a) | 46,000 | 176,827 | ||||||
Sumitomo Realty & Development Co., Ltd. | 20,000 | 721,201 | ||||||
Sun Corp. | 3,000 | 41,151 | ||||||
Sun Frontier Fudousan Co., Ltd. (a) | 3,100 | 28,590 | ||||||
Suruga Bank, Ltd. | 8,100 | 168,518 | ||||||
Suzuki Motor Corp. | 12,900 | 388,587 | ||||||
Sysmex Corp. | 5,800 | 322,585 | ||||||
T&D Holdings, Inc. | 40,300 | 555,984 | ||||||
Tadano, Ltd. | 6,000 | 80,851 | ||||||
Taiheiyo Cement Corp. | 23,000 | 70,386 | ||||||
Taisei Corp. (a) | 78,438 | 444,106 | ||||||
Taiyo Yuden Co., Ltd. (a) | 18,600 | 271,730 | ||||||
Takeda Pharmaceutical Co., Ltd. (a) | 36,665 | 1,834,091 | ||||||
Takeuchi Manufacturing Co., Ltd. | 5,500 | 249,489 | ||||||
TDK Corp. | 10,455 | 744,513 | ||||||
Teijin, Ltd. | 137,550 | 467,962 | ||||||
Temp Holdings Co., Ltd. | 2,700 | 93,659 | ||||||
Terumo Corp. | 27,000 | 713,696 | ||||||
The Daisan Bank, Ltd. | 352,651 | 555,773 | ||||||
THK Co., Ltd. | 5,400 | 137,786 | ||||||
Toho Bank, Ltd. | 12,101 | 49,847 | ||||||
Tohoku Electric Power Co., Inc. | 42,200 | 480,677 | ||||||
Tokio Marine Holdings, Inc. | 40,065 | 1,516,239 | ||||||
Tokyo Dome Corp. (a) | 72,000 | 306,191 | ||||||
Tokyo Electric Power Co., Inc. (b) | 53,775 | 204,024 | ||||||
Tokyo Electron, Ltd. | 9,855 | 688,802 | ||||||
Tokyo Gas Co., Ltd. | 135,475 | 854,252 | ||||||
Tokyo Tatemono Co., Ltd. | 16,000 | 117,407 | ||||||
Tokyu Corp. | 120,550 | 747,877 | ||||||
Tokyu Fudosan Holdings Corp. | 17,700 | 121,026 | ||||||
Toray Industries, Inc. | 115,550 | 970,263 | ||||||
Toshiba Corp. (a) | 224,513 | 943,919 | ||||||
TOTO, Ltd. | 8,000 | 119,074 | ||||||
Toyo Suisan Kaisha, Ltd. | 3,000 | 105,816 | ||||||
Toyo Tire & Rubber Co., Ltd. | 7,500 | 135,522 | ||||||
Toyota Industries Corp. | 2,300 | 131,949 | ||||||
Toyota Motor Corp. | 116,788 | 8,163,717 | ||||||
Toyota Tsusho Corp. | 7,600 | 201,843 | ||||||
Trend Micro, Inc. | 4,500 | 148,593 | ||||||
Unicharm Corp. | 16,000 | 420,529 | ||||||
United Urban Investment Corp. | 55 | 85,808 | ||||||
Usen Corp. (b) | 31,330 | 94,049 | ||||||
USS Co., Ltd. | 43,310 | 750,454 | ||||||
ValueCommerce Co., Ltd. | 4,400 | 20,913 | ||||||
Warabeya Nichiyo Co., Ltd. | 13,600 | 253,345 | ||||||
West Japan Railway Co. | 7,500 | 394,184 | ||||||
Yahoo! Japan Corp. (a) | 45,800 | 189,425 | ||||||
Yakult Honsha Co., Ltd. (a) | 4,200 | 293,133 | ||||||
Yamada Denki Co., Ltd. (a) | 71,080 | 293,388 | ||||||
Yamagata Bank, Ltd. (a) | 120,176 | 510,065 | ||||||
Yamaha Corp. | 9,200 | 161,408 | ||||||
Yamaha Motor Co., Ltd. | 10,300 | 249,244 | ||||||
Yamanashi Chuo Bank, Ltd. | 114,550 | 502,425 | ||||||
Yamato Holdings Co., Ltd. (a) | 14,200 | 328,225 | ||||||
Yaskawa Electric Corp. (a) | 9,100 | 133,626 | ||||||
Yokogawa Electric Corp. (a) | 8,800 | 95,026 | ||||||
Zenrin Co., Ltd. (a) | 25,500 | 315,335 | ||||||
160,853,358 | ||||||||
LUXEMBOURG — 0.1% | ||||||||
ArcelorMittal (a) | 33,152 | 312,436 | ||||||
COLT Group SA (b) | 52,159 | 103,834 | ||||||
SES SA | 13,690 | 484,024 | ||||||
Tenaris SA | 15,233 | 213,665 | ||||||
1,113,959 | ||||||||
MACAU — 0.0% (e) | ||||||||
MGM China Holdings, Ltd. | 21,600 | 40,676 | ||||||
NETHERLANDS — 2.9% | ||||||||
Aegon NV | 111,813 | 882,520 | ||||||
AerCap Holdings NV (a)(b) | 3,324 | 145,093 | ||||||
Airbus Group NV | 25,398 | 1,648,649 | ||||||
Akzo Nobel NV | 13,874 | 1,049,305 | ||||||
ASML Holding NV | 21,011 | 2,139,013 | ||||||
CNH Industrial NV (a) | 40,520 | 331,611 | ||||||
Constellium NV (Class A) (a)(b) | 3,296 | 66,975 | ||||||
Fiat Chrysler Automobiles NV (b) | 43,469 | 707,288 | ||||||
Fugro NV | 5,410 | 145,142 | ||||||
Gemalto NV (a) | 2,924 | 232,922 | ||||||
Heineken NV | 16,579 | 1,264,749 | ||||||
ING Groep NV (b) | 177,929 | 2,607,501 | ||||||
Koninklijke Ahold NV | 60,756 | 1,197,373 | ||||||
Koninklijke DSM NV | 10,957 | 611,573 | ||||||
Koninklijke KPN NV | 186,140 | 631,529 | ||||||
Koninklijke Philips NV | 50,427 | 1,431,140 | ||||||
NXP Semiconductor NV (b) | 13,962 | 1,401,226 | ||||||
OCI NV (b) | 1,618 | 50,116 | ||||||
PostNL NV (b) | 32,042 | 136,345 | ||||||
Randstad Holding NV | 2,610 | 158,321 | ||||||
Reed Elsevier NV | 9,685 | 241,215 | ||||||
SBM Offshore NV (a)(b) | 16,920 | 210,342 | ||||||
TNT Express NV | 27,912 | 177,497 | ||||||
Unilever NV (a) | 80,303 | 3,356,239 | ||||||
Wolters Kluwer NV | 27,366 | 893,489 | ||||||
21,717,173 | ||||||||
NEW ZEALAND — 0.2% | ||||||||
a2 Milk Co., Ltd. (a)(b) | 115,016 | 48,300 | ||||||
Air New Zealand, Ltd. | 50,963 | 104,142 | ||||||
Auckland International Airport, Ltd. | 21,376 | 72,134 | ||||||
DNZ Property Fund, Ltd. | 62,220 | 90,985 | ||||||
Fisher & Paykel Healthcare Corp., Ltd. | 98,759 | 487,311 | ||||||
Fletcher Building, Ltd. | 14,453 | 91,259 | ||||||
Goodman Property Trust | 94,341 | 84,542 | ||||||
Infratil, Ltd. | 40,314 | 96,136 | ||||||
Kiwi Income Property Group, Ltd. | 84,348 | 81,912 | ||||||
Property for Industry, Ltd. | 92,425 | 109,162 |
See accompanying notes to financial statements.
202
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Steel & Tube Holdings, Ltd. | 60,219 | $ | 128,701 | |||||
Vital Healthcare Property Trust | 80,666 | 104,045 | ||||||
Xero, Ltd. (b) | 4,357 | 78,742 | ||||||
1,577,371 | ||||||||
NORWAY — 0.7% | ||||||||
Akastor ASA (a) | 5,636 | 11,336 | ||||||
Aker Solutions ASA (b) | 5,636 | 29,351 | ||||||
DnB ASA | 48,828 | 785,819 | ||||||
DNO ASA (a)(b) | 32,388 | 42,398 | ||||||
Norsk Hydro ASA | 81,876 | 430,659 | ||||||
Opera Software ASA (a) | 11,282 | 90,644 | ||||||
Orkla ASA | 78,437 | 593,210 | ||||||
REC Silicon ASA (a)(b) | 122,566 | 35,740 | ||||||
Schibsted ASA | 2,837 | 164,466 | ||||||
Seadrill, Ltd. (a) | 7,944 | 74,619 | ||||||
Statoil ASA | 55,353 | 980,805 | ||||||
Storebrand ASA (b) | 45,397 | 165,273 | ||||||
Telenor ASA | 41,611 | 841,090 | ||||||
TGS Nopec Geophysical Co. ASA (a) | 4,609 | 102,256 | ||||||
Yara International ASA | 13,713 | 697,637 | ||||||
5,045,303 | ||||||||
PORTUGAL — 0.2% | ||||||||
Banco Comercial Portugues SA (a)(b) | 1,845,793 | 189,714 | ||||||
EDP — Energias de Portugal SA | 139,454 | 521,961 | ||||||
Mota-Engil SGPS SA | 21,998 | 81,273 | ||||||
NOS SGPS | 52,154 | 377,586 | ||||||
Portugal Telecom SGPS SA (a) | 60,318 | 34,982 | ||||||
1,205,516 | ||||||||
SINGAPORE — 1.5% | ||||||||
AIMS AMP Capital Industrial REIT | 118,598 | 128,826 | ||||||
Ascendas Hospitality Trust | 169,200 | 83,878 | ||||||
Ascendas REIT | 528,000 | 996,953 | ||||||
Cache Logistics Trust (a) | 136,000 | 116,498 | ||||||
CapitaLand, Ltd. | 264,000 | 689,014 | ||||||
China New Town Development Co., Ltd. (b) | 1,615,400 | 75,370 | ||||||
City Developments, Ltd. (a) | 122,600 | 899,144 | ||||||
Cosco Corp. Singapore, Ltd. (a) | 539,200 | 198,510 | ||||||
Croesus Retail Trust | 233,000 | 157,972 | ||||||
DBS Group Holdings, Ltd. | 72,776 | 1,080,207 | ||||||
Flextronics International, Ltd. (b) | 55,693 | 705,909 | ||||||
Genting Singapore PLC (a) | 536,400 | 359,764 | ||||||
Global Logistic Properties, Ltd. | 71,000 | 137,166 | ||||||
IGG, Inc. (a) | 60,000 | 35,135 | ||||||
Jardine Cycle & Carriage, Ltd. | 3,000 | 89,801 | ||||||
Keppel Corp., Ltd. (a) | 140,375 | 921,029 | ||||||
Keppel REIT | 35,513 | 31,068 | ||||||
Lippo Malls Indonesia Retail Trust | 792,800 | 199,399 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 113,800 | 876,916 | ||||||
Oxley Holdings, Ltd. | 162,800 | 59,342 | ||||||
SembCorp Industries, Ltd. | 36,200 | 111,368 | ||||||
Singapore Airlines, Ltd. | 19,400 | 169,009 | ||||||
Singapore Exchange, Ltd. | 132,000 | 783,320 | ||||||
Singapore Telecommunications, Ltd. | 138,000 | 440,650 | ||||||
Sino Grandness Food Industry Group, Ltd. (a)(b) | 204,000 | 46,103 | ||||||
Soilbuild Business Space REIT | 204,000 | 120,464 | ||||||
Tiger Airways Holdings, Ltd. (b) | 548,649 | 127,993 | ||||||
United Overseas Bank, Ltd. | 21,312 | 357,349 | ||||||
UOL Group, Ltd. | 163,459 | 910,423 | ||||||
Wilmar International, Ltd. | 131,000 | 311,336 | ||||||
11,219,916 | ||||||||
SOUTH KOREA — 4.2% | ||||||||
Amorepacific Corp. | 110 | 332,642 | ||||||
Asiana Airlines, Inc. (b) | 33,241 | 269,056 | ||||||
Bioland, Ltd. | 11,554 | 284,828 | ||||||
BS Financial Group, Inc. | 11,092 | 151,966 | ||||||
Celltrion, Inc. (a)(b) | 3,498 | 220,389 | ||||||
CJ CGV Co., Ltd. | 4,863 | 296,746 | ||||||
Coway Co., Ltd. | 1,693 | 139,627 | ||||||
Credu Corp. | 5,724 | 285,310 | ||||||
Crown Confectionery Co., Ltd. | 657 | 174,102 | ||||||
Dae Han Flour Mills Co., Ltd. | 1,839 | 308,310 | ||||||
Daewoo Shipbuilding & Marine Engineering Co., Ltd. | 3,884 | 63,365 | ||||||
Digitech Systems Co., Ltd. (b)(f) | 19,094 | 0 | ||||||
Dongkuk Industries Co., Ltd. | 66,256 | 221,560 | ||||||
Dongwon F&B Co., Ltd. | 961 | 346,478 | ||||||
Dongwon Industries Co., Ltd. (a) | 1,070 | 321,159 | ||||||
DY Corp. | 10,093 | 72,051 | ||||||
DY POWER Corp. (b) | 5,403 | 60,388 | ||||||
E-Mart Co., Ltd. | 739 | 155,200 | ||||||
Genic Co., Ltd. (a)(b) | 6,210 | 186,952 | ||||||
GS Home Shopping, Inc. | 960 | 192,182 | ||||||
Haesung Industrial Co., Ltd. | 2,966 | 80,737 | ||||||
Hana Financial Group, Inc. | 10,790 | 279,609 | ||||||
Hana Tour Service, Inc. | 3,321 | 335,258 | ||||||
Hancom, Inc. | 7,810 | 128,823 | ||||||
Hankook Shell Oil Co., Ltd. | 388 | 154,228 | ||||||
Hankook Tire Co., Ltd. | 1,776 | 72,596 | ||||||
Hanssem Co., Ltd. | 1,976 | 328,606 | ||||||
Harim Co., Ltd. (a)(b) | 29,447 | 141,203 | ||||||
Hotel Shilla Co., Ltd. | 3,962 | 349,614 | ||||||
Huons Co., Ltd. | 3,990 | 220,098 | ||||||
Hyundai Elevator Co., Ltd. (b) | 2,221 | 155,547 | ||||||
Hyundai Engineering Plastics Co., Ltd. | 46,364 | 375,275 | ||||||
Hyundai Glovis Co., Ltd. | 643 | 130,982 | ||||||
Hyundai Heavy Industries Co., Ltd. (b) | 1,662 | 182,761 | ||||||
Hyundai Hy Communications & Networks Co., Ltd. | 46,731 | 207,656 | ||||||
Hyundai Mobis Co., Ltd. | 2,506 | 556,788 | ||||||
Hyundai Motor Co. | 3,488 | 529,747 | ||||||
Hyundai Motor Co. Preference Shares | 1,071 | 110,049 | ||||||
Hyundai Securities Co., Ltd. (a) | 51,118 | 389,795 | ||||||
Hyundai Steel Co. | 2,221 | 146,138 | ||||||
INFINITT Co., Ltd. (a)(b) | 15,966 | 141,031 | ||||||
Infraware, Inc. (b) | 10,978 | 65,307 | ||||||
Interpark Corp. | 10,431 | 85,370 | ||||||
Jenax, Inc. (a)(b) | 16,776 | 121,724 | ||||||
JoyCity Corp. (a)(b) | 3,713 | 97,724 | ||||||
Kangwon Land, Inc. | 3,855 | 120,398 | ||||||
KB Capital Co., Ltd. | 4,788 | 88,255 | ||||||
KB Financial Group, Inc. | 14,037 | 497,232 | ||||||
KCC Corp. | 185 | 94,380 | ||||||
Kia Motors Corp. | 9,149 | 372,739 | ||||||
KIWOOM Securities Co., Ltd. | 7,248 | 461,881 |
See accompanying notes to financial statements.
203
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Koh Young Technology, Inc. | 12,160 | $ | 487,189 | |||||
Korea Electric Power Corp. ADR (a) | 30,592 | 627,136 | ||||||
Korea Zinc Co., Ltd. | 630 | 240,768 | ||||||
Korean Air Lines Co., Ltd. (b) | 2,903 | 127,037 | ||||||
KT Corp. ADR (b) | 28,748 | 376,024 | ||||||
KT&G Corp. | 4,449 | 355,695 | ||||||
Ktis Corp. | 26,331 | 100,274 | ||||||
KyungDong City Gas Co., Ltd. | 1,703 | 165,012 | ||||||
LG Chem, Ltd. | 881 | 179,464 | ||||||
LG Chem, Ltd. Preference Shares | 795 | 108,919 | ||||||
LG Display Co., Ltd. ADR (a) | 39,974 | 572,028 | ||||||
LG Electronics, Inc. | 5,234 | 277,870 | ||||||
LG Household & Health Care, Ltd. | 424 | 321,406 | ||||||
LG Uplus Corp. | 9,788 | 97,046 | ||||||
Lotte Chemical Corp. | 598 | 109,688 | ||||||
Lotte Food Co., Ltd. | 401 | 254,815 | ||||||
Lotte Shopping Co., Ltd. | 232 | 49,664 | ||||||
Medy-Tox, Inc. | 746 | 221,020 | ||||||
Modetour Network, Inc. | 11,248 | 335,580 | ||||||
Muhak Co., Ltd. (b) | 9,765 | 397,395 | ||||||
NAVER Corp. | 1,323 | 800,156 | ||||||
NCSoft Corp. | 703 | 115,007 | ||||||
Nexon GT Co., Ltd. (b) | 9,431 | 144,510 | ||||||
NHN Entertainment Corp. (a)(b) | 551 | 35,460 | ||||||
OCI Co., Ltd. (a) | 644 | 60,078 | ||||||
Orion Corp. | 131 | 136,733 | ||||||
Ottogi Corp. | 342 | 184,032 | ||||||
POSCO ADR | 19,652 | 1,074,178 | ||||||
S1 Corp. | 1,606 | 121,451 | ||||||
Sajo Industries Co., Ltd. (a)(b) | 6,326 | 547,385 | ||||||
Samchuly Bicycle Co., Ltd. | 6,623 | 128,944 | ||||||
Samsung C&T Corp. | 3,843 | 205,754 | ||||||
Samsung Electronics Co., Ltd. GDR | 11,360 | 7,315,840 | ||||||
Samsung Engineering Co., Ltd. (b) | 1,341 | 46,596 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 1,152 | 277,759 | ||||||
Samsung Heavy Industries Co., Ltd. | 6,382 | 103,831 | ||||||
Samsung Life Insurance Co., Ltd. | 3,375 | 294,166 | ||||||
Samsung SDI Co., Ltd. | 1,311 | 161,297 | ||||||
Shinhan Financial Group Co., Ltd. | 17,428 | 658,979 | ||||||
Shinsegae Food Co., Ltd. | 2,410 | 274,789 | ||||||
SK C&C Co., Ltd. | 689 | 144,389 | ||||||
SK Hynix, Inc. | 21,433 | 879,961 | ||||||
SK Innovation Co., Ltd. (b) | 5,008 | 430,631 | ||||||
SK Telecom Co., Ltd. ADR (a) | 23,963 | 652,033 | ||||||
SNU Precision Co., Ltd. (b) | 11,611 | 50,549 | ||||||
Woori Bank | 7,652 | 64,695 | ||||||
31,417,095 | ||||||||
SPAIN — 2.8% | ||||||||
Abengoa SA (a) | 14,319 | 55,886 | ||||||
Abertis Infraestructuras SA | 18,171 | 328,546 | ||||||
Acciona SA (b) | 3,309 | 255,096 | ||||||
Acerinox SA | 26,848 | 450,543 | ||||||
ACS, Actividades de Construccion y Servicios SA | 16,626 | 589,259 | ||||||
Amadeus IT Holding SA (Class A) | 11,673 | 500,970 | ||||||
Atresmedia Corp. de Medios de Comunicaion SA | 9,330 | 140,987 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 196,312 | 1,983,573 | ||||||
Banco de Sabadell SA (a) | 144,012 | 352,490 | ||||||
Banco Popular Espanol SA (a) | 74,370 | 364,063 | ||||||
Banco Santander SA | 570,959 | 4,302,893 | ||||||
Bankia SA (b) | 122,028 | 170,113 | ||||||
Bankinter SA | 33,509 | 255,771 | ||||||
CaixaBank SA | 41,073 | 194,754 | ||||||
Distribuidora Internacional de Alimentacion SA | 31,341 | 245,248 | ||||||
Ebro Puleva SA | 4,209 | 78,475 | ||||||
Enagas SA | 31,302 | 895,256 | ||||||
Faes Farma SA | 99,629 | 253,059 | ||||||
Ferrovial SA | 42,634 | 906,620 | ||||||
Gamesa Corp. Tecnologica SA (b) | 24,430 | 308,688 | ||||||
Gas Natural SDG SA | 3,803 | 85,426 | ||||||
Grifols SA | 8,366 | 359,224 | ||||||
Iberdrola SA | 259,984 | 1,675,895 | ||||||
Inditex SA | 32,077 | 1,029,387 | ||||||
Indra Sistemas SA (a) | 20,423 | 239,742 | ||||||
International Consolidated Airlines Group SA (b) | 27,551 | 246,624 | ||||||
Let’s GOWEX SA (a)(b)(f) | 4,019 | 0 | ||||||
Mediaset Espana Comunicacion SA (b) | 39,098 | 489,618 | ||||||
NH Hotel Group SA (b) | 34,719 | 189,797 | ||||||
Red Electrica Corp. SA | 12,027 | 978,333 | ||||||
Repsol SA | 50,416 | 938,634 | ||||||
Sacyr SA (b) | 19,928 | 83,663 | ||||||
Telefonica SA | 141,864 | 2,020,319 | ||||||
Zeltia SA (b) | 43,121 | 187,332 | ||||||
21,156,284 | ||||||||
SWEDEN — 2.7% | ||||||||
AddTech AB (Class B) | 8,012 | 107,535 | ||||||
Alfa Laval AB | 34,013 | 668,503 | ||||||
Assa Abloy AB (Class B) | 23,919 | 1,425,591 | ||||||
Atlas Copco AB (Class A) | 26,648 | 863,027 | ||||||
Atlas Copco AB (Class B) | 16,318 | 482,309 | ||||||
Axis Communications AB | 2,395 | 94,478 | ||||||
Bilia AB (Class A) | 3,069 | 110,318 | ||||||
BillerudKorsnas AB | 7,252 | 117,054 | ||||||
Boliden AB | 30,716 | 610,470 | ||||||
Concentric AB | 6,745 | 90,139 | ||||||
Electrolux AB (Series B) (a) | 19,719 | 565,226 | ||||||
Elekta AB (Class B) (a) | 10,658 | 95,716 | ||||||
Eniro AB (a)(b) | 13,376 | 2,916 | ||||||
Getinge AB (Class B) (a) | 3,627 | 89,833 | ||||||
Hennes & Mauritz AB (Class B) | 41,636 | 1,687,349 | ||||||
Hexagon AB, (Class B) | 8,234 | 292,733 | ||||||
Hexpol AB | 1,278 | 128,851 | ||||||
Investor AB (Class B) | 15,164 | 604,341 | ||||||
JM AB | 3,380 | 112,562 | ||||||
Kinnevik Investment AB (Class B) | 13,174 | 440,098 | ||||||
KNOW IT AB | 15,640 | 105,638 | ||||||
Lagercrantz AB (Class B) | 6,937 | 127,092 | ||||||
Lundin Petroleum AB (a)(b) | 9,305 | 127,425 | ||||||
Meda AB (Class A) | 8,980 | 142,134 | ||||||
Net Entertainment NE AB (Class B) (b) | 9,668 | 332,952 | ||||||
Nibe Industrier AB (Class B) (a) | 3,364 | 83,670 | ||||||
Nordea Bank AB (a) | 102,463 | 1,251,077 |
See accompanying notes to financial statements.
204
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Opus Group AB (a) | 54,494 | $ | 55,922 | |||||
Opus Group AB BTA (b) | 5,863 | 5,813 | ||||||
Orexo AB (a)(b) | 4,503 | 64,485 | ||||||
Qliro Group AB (a)(b) | 47,002 | 86,112 | ||||||
Saab AB | 4,073 | 108,861 | ||||||
Sandvik AB | 62,848 | 702,882 | ||||||
Securitas AB (Class B) | 56,025 | 803,601 | ||||||
Skandinaviska Enskilda Banken AB (Class A) | 39,358 | 460,482 | ||||||
Skanska AB (Class B) | 47,494 | 1,065,084 | ||||||
SKF AB (Class A) | 10,721 | 278,217 | ||||||
Svenska Cellulosa AB (Class B) | 20,126 | 463,708 | ||||||
Svenska Handelsbanken AB (Class A) | 8,448 | 381,353 | ||||||
Swedbank AB (Class A) (a) | 25,862 | 618,057 | ||||||
Swedish Match AB | 6,460 | 189,964 | ||||||
Swedish Orphan Biovitrum AB (b) | 9,000 | 95,019 | ||||||
Tele2 AB (Class B) | 31,861 | 380,896 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 154,219 | 1,938,456 | ||||||
TeliaSonera AB | 103,481 | 657,552 | ||||||
Tethys Oil AB (b) | 12,600 | 86,931 | ||||||
Volvo AB (Class A) | 91,863 | 1,115,260 | ||||||
20,317,692 | ||||||||
SWITZERLAND — 7.3% | ||||||||
ABB, Ltd. (b) | 111,096 | 2,359,632 | ||||||
Actelion, Ltd. (b) | 4,383 | 508,109 | ||||||
Adecco SA (b) | 12,233 | 1,020,151 | ||||||
Aryzta AG (b) | 1,536 | 94,488 | ||||||
Cie Financiere Richemont SA | 17,059 | 1,375,188 | ||||||
Clariant AG (b) | 38,517 | 770,895 | ||||||
Coca-Cola HBC AG (b) | 7,102 | 128,097 | ||||||
Comet Holding AG (b) | 211 | 170,095 | ||||||
Credit Suisse Group AG (b) | 51,966 | 1,400,669 | ||||||
Geberit AG | 1,566 | 588,479 | ||||||
Givaudan SA (b) | 188 | 341,044 | ||||||
Holcim, Ltd. (b) | 14,472 | 1,082,457 | ||||||
Julius Baer Group, Ltd. (b) | 13,445 | 674,949 | ||||||
Kuehne + Nagel International AG | 4,927 | 732,988 | ||||||
Leonteq AG (a)(b) | 936 | 320,416 | ||||||
Lindt & Spruengli AG | 2 | 126,634 | ||||||
Logitech International SA | 6,861 | 90,769 | ||||||
Lonza Group AG (b) | 6,104 | 763,550 | ||||||
Meyer Burger Technology AG (a)(b) | 5,094 | 32,359 | ||||||
Nestle SA | 138,057 | 10,432,805 | ||||||
Novartis AG | 111,982 | 11,085,215 | ||||||
Partners Group Holding AG | 450 | 134,588 | ||||||
PSP Swiss Property AG (b) | 1,596 | 150,596 | ||||||
Roche Holding AG | 32,223 | 8,894,251 | ||||||
SGS SA | 460 | 880,881 | ||||||
Sonova Holding AG | 621 | 86,504 | ||||||
STMicroelectronics NV | 33,353 | 311,286 | ||||||
Sulzer AG (b) | 3,430 | 377,854 | ||||||
Swatch Group AG | 2,401 | 1,018,689 | ||||||
Swiss Life Holding AG (b) | 3,466 | 858,203 | ||||||
Swiss Re AG | 14,270 | 1,382,484 | ||||||
Syngenta AG | 4,738 | 1,613,154 | ||||||
Temenos Group AG (b) | 3,937 | 135,787 | ||||||
U-Blox AG (b) | 742 | 129,867 | ||||||
UBS Group AG (b) | 160,721 | 3,031,410 | ||||||
Youlchon Chemical Co., Ltd. | 9,778 | 100,473 | ||||||
Zurich Insurance Group AG (b) | 6,935 | 2,351,174 | ||||||
55,556,190 | ||||||||
UNITED KINGDOM — 16.4% | ||||||||
3i Group PLC | 84,536 | 605,382 | ||||||
Aberdeen Asset Management PLC | 45,640 | 311,391 | ||||||
Afren PLC (a)(b) | 53,898 | 2,472 | ||||||
Aggreko PLC | 8,852 | 200,660 | ||||||
Amec Foster Wheeler PLC | 37,151 | 499,390 | ||||||
Anglo American PLC | 63,311 | 951,131 | ||||||
Antofagasta PLC | 13,972 | 151,931 | ||||||
ARM Holdings PLC | 52,732 | 865,002 | ||||||
Ashtead Group PLC | 17,857 | 287,355 | ||||||
Associated British Foods PLC | 11,117 | 465,060 | ||||||
AstraZeneca PLC | 55,277 | 3,796,449 | ||||||
Aviva PLC | 138,073 | 1,106,835 | ||||||
Avon Rubber PLC | 18,711 | 219,157 | ||||||
Babcock International Group PLC | 21,091 | 308,243 | ||||||
BAE Systems PLC | 178,165 | 1,384,585 | ||||||
Balfour Beatty PLC | 109,367 | 389,815 | ||||||
Barclays PLC | 680,925 | 2,452,283 | ||||||
Barratt Developments PLC | 65,561 | 514,365 | ||||||
BBA Aviation PLC | 21,765 | 108,756 | ||||||
Bellway PLC | 4,140 | 121,749 | ||||||
Berkeley Group Holdings PLC | 4,332 | 169,710 | ||||||
BG Group PLC | 148,821 | 1,831,468 | ||||||
BHP Billiton PLC | 76,940 | 1,682,995 | ||||||
Big Yellow Group PLC | 11,347 | 109,069 | ||||||
BP PLC | 819,103 | 5,310,094 | ||||||
British American Tobacco PLC | 79,272 | 4,105,245 | ||||||
British Land Co. PLC | 69,361 | 857,196 | ||||||
Britvic PLC | 8,792 | 95,865 | ||||||
BT Group PLC | 384,319 | 2,498,886 | ||||||
BTG PLC (b) | 15,387 | 163,320 | ||||||
Bunzl PLC | 5,929 | 161,157 | ||||||
Burberry Group PLC | 22,350 | 574,985 | ||||||
Cable & Wireless Communications PLC | 184,156 | 166,625 | ||||||
Cairn Energy PLC (b) | 17,817 | 41,552 | ||||||
Capita PLC | 37,962 | 628,918 | ||||||
Carnival PLC | 12,935 | 632,899 | ||||||
Centamin PLC | 92,644 | 79,080 | ||||||
Centrica PLC | 246,398 | 925,419 | ||||||
Cobham PLC | 33,908 | 153,124 | ||||||
Compass Group PLC | 70,813 | 1,232,030 | ||||||
Croda International PLC | 3,063 | 124,543 | ||||||
CSR PLC | 7,820 | 101,403 | ||||||
Daily Mail & General Trust PLC | 9,254 | 121,509 | ||||||
Darty PLC | 36,384 | 35,378 | ||||||
Diageo PLC | 110,613 | 3,053,394 | ||||||
Direct Line Insurance Group PLC | 63,598 | 301,172 | ||||||
Dixons Carphone PLC | 12,412 | 76,043 | ||||||
Drax Group PLC | 15,647 | 84,527 | ||||||
DS Smith PLC | 22,458 | 115,086 | ||||||
easyJet PLC | 10,219 | 285,502 | ||||||
Experian PLC | 45,135 | 748,423 | ||||||
FirstGroup PLC (b) | 140,875 | 190,203 | ||||||
Foxtons Group PLC | 14,836 | 45,204 | ||||||
Fresnillo PLC | 8,056 | 81,621 |
See accompanying notes to financial statements.
205
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Friends Life Group, Ltd. | 93,542 | $ | 574,338 | |||||
G4S PLC | 147,627 | 648,253 | ||||||
GKN PLC | 69,850 | 371,841 | ||||||
GlaxoSmithKline PLC | 211,900 | 4,863,187 | ||||||
Glencore PLC (b) | 465,218 | 1,974,473 | ||||||
Hammerson PLC | 30,215 | 298,280 | ||||||
Hansteen Holdings PLC | 53,897 | 97,852 | ||||||
Hargreaves Lansdown PLC | 8,003 | 136,863 | ||||||
Hays PLC | 249,782 | 565,843 | ||||||
Henderson Group PLC | 43,976 | 183,574 | ||||||
Hikma Pharmaceuticals PLC | 5,668 | 179,221 | ||||||
Homeserve PLC | 17,555 | 99,707 | ||||||
Howden Joinery Group PLC | 24,182 | 159,244 | ||||||
HSBC Holdings PLC | 816,665 | 6,958,832 | ||||||
ICAP PLC | 64,998 | 508,500 | ||||||
IMI PLC | 9,402 | 177,955 | ||||||
Imperial Tobacco Group PLC | 49,429 | 2,174,173 | ||||||
Indivior PLC (b) | 32,740 | 92,345 | ||||||
Informa PLC | 25,360 | 212,517 | ||||||
Inmarsat PLC | 12,482 | 171,491 | ||||||
InterContinental Hotels Group PLC | 10,577 | 413,579 | ||||||
International Personal Finance PLC | 13,646 | 97,277 | ||||||
Intertek Group PLC | 6,819 | 252,868 | ||||||
IP Group PLC (b) | 28,482 | 95,556 | ||||||
ITV PLC | 100,212 | 376,226 | ||||||
J Sainsbury PLC (a) | 99,564 | 383,105 | ||||||
Jazztel PLC (b) | 10,007 | 136,332 | ||||||
John Wood Group PLC | 14,396 | 135,705 | ||||||
Johnson Matthey PLC | 4,634 | 232,929 | ||||||
Keller Group PLC | 4,083 | 57,491 | ||||||
Kingfisher PLC | 158,212 | 893,900 | ||||||
Land Securities Group PLC | 53,158 | 988,781 | ||||||
Legal & General Group PLC | 360,987 | 1,492,977 | ||||||
Lloyds Banking Group PLC (b) | 2,219,048 | 2,578,683 | ||||||
London Stock Exchange Group PLC | 9,731 | 355,219 | ||||||
Lonmin PLC (a)(b) | 13,686 | 23,872 | ||||||
Man Group PLC | 111,332 | 336,825 | ||||||
Marks & Spencer Group PLC | 101,448 | 805,708 | ||||||
Meggitt PLC | 25,519 | 207,788 | ||||||
Mondi PLC | 29,468 | 567,814 | ||||||
Mucklow A & J Group PLC | 9,274 | 66,634 | ||||||
National Grid PLC | 169,212 | 2,172,087 | ||||||
Next PLC | 8,641 | 901,137 | ||||||
Ocado Group PLC (a)(b) | 16,126 | 84,696 | ||||||
Old Mutual PLC | 304,458 | 1,003,821 | ||||||
Ophir Energy PLC (b) | 23,922 | 47,871 | ||||||
Pace PLC | 14,179 | 72,618 | ||||||
Pearson PLC | 48,175 | 1,037,695 | ||||||
Persimmon PLC (b) | 21,452 | 529,591 | ||||||
Petrofac, Ltd. (a) | 9,655 | 136,592 | ||||||
Provident Financial PLC | 2,677 | 107,020 | ||||||
Prudential PLC | 125,867 | 3,124,127 | ||||||
Randgold Resources, Ltd. | 6,874 | 478,895 | ||||||
Reckitt Benckiser Group PLC | 33,246 | 2,862,516 | ||||||
Reed Elsevier PLC | 49,400 | 849,945 | ||||||
Rentokil Initial PLC | 280,597 | 569,419 | ||||||
Rexam PLC | 29,761 | 255,804 | ||||||
Rightmove PLC | 4,147 | 184,502 | ||||||
Rio Tinto PLC | 55,953 | 2,302,487 | ||||||
Rolls-Royce Holdings PLC (b) | 88,040 | 1,245,528 | ||||||
Royal Bank of Scotland Group PLC (b) | 70,997 | 358,343 | ||||||
Royal Dutch Shell PLC (Class A) | 163,969 | 4,887,716 | ||||||
Royal Dutch Shell PLC (Class B) | 103,193 | 3,215,461 | ||||||
Royal Mail PLC | 18,479 | 120,262 | ||||||
RSA Insurance Group PLC | 59,679 | 372,890 | ||||||
SABMiller PLC | 45,013 | 2,365,493 | ||||||
Sage Group PLC | 100,114 | 693,606 | ||||||
Serco Group PLC (a) | 36,550 | 74,823 | ||||||
Severn Trent PLC | 5,093 | 155,672 | ||||||
Shire PLC | 28,102 | 2,238,141 | ||||||
Sky PLC | 53,900 | 794,545 | ||||||
Smith & Nephew PLC | 38,640 | 656,211 | ||||||
Smiths Group PLC | 39,771 | 660,068 | ||||||
Sports Direct International PLC (b) | 6,332 | 57,245 | ||||||
SSE PLC | 53,355 | 1,186,499 | ||||||
Standard Chartered PLC | 88,039 | 1,429,139 | ||||||
Standard Life PLC | 136,645 | 964,750 | ||||||
TalkTalk Telecom Group PLC (a) | 17,558 | 89,689 | ||||||
Tate & Lyle PLC | 36,780 | 326,235 | ||||||
Taylor Wimpey PLC | 99,457 | 228,701 | ||||||
Telecom Plus PLC (a) | 2,536 | 32,753 | ||||||
Tesco PLC | 383,494 | 1,376,845 | ||||||
Thomas Cook Group PLC (b) | 43,292 | 93,637 | ||||||
Travis Perkins PLC | 6,459 | 186,974 | ||||||
Trinity Mirror PLC (b) | 19,075 | 51,324 | ||||||
Tullow Oil PLC | 49,895 | 209,764 | ||||||
Unilever PLC | 59,220 | 2,474,727 | ||||||
United Utilities Group PLC | 28,687 | 397,326 | ||||||
Victrex PLC | 3,838 | 106,828 | ||||||
Vodafone Group PLC | 1,161,378 | 3,800,705 | ||||||
Weir Group PLC | 4,474 | 112,975 | ||||||
Whitbread PLC | 7,624 | 593,621 | ||||||
William Hill PLC | 58,106 | 319,933 | ||||||
William Morrison Supermarkets PLC | 159,245 | 457,433 | ||||||
Wolseley PLC | 14,670 | 869,581 | ||||||
Workspace Group PLC | 9,523 | 120,800 | ||||||
WPP PLC | 80,268 | 1,824,308 | ||||||
Xaar PLC | 7,171 | 43,859 | ||||||
124,388,647 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $716,168,535) | 749,883,433 | |||||||
RIGHTS — 0.0% (e) | ||||||||
AUSTRALIA — 0.0% (e) | ||||||||
Abacus Property Group (expiring 4/2/15) (b)(f) | 26,931 | 0 | ||||||
SPAIN — 0.0% (e) | ||||||||
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/15) (b) | 196,312 | 28,253 | ||||||
Banco de Sabadell SA (expiring 4/17/15) (a)(b) | 144,012 | 36,502 | ||||||
Telefonica SA (expiring 4/10/15) (b) | 141,864 | 22,854 | ||||||
87,609 | ||||||||
See accompanying notes to financial statements.
206
SPDR S&P World ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
UNITED KINGDOM — 0.0% (e) | ||||||||
Serco Group PLC (expiring 4/16/15) (b) | 36,550 | $ | 22,246 | |||||
TOTAL RIGHTS — | ||||||||
(Cost $82,448) | 109,855 | |||||||
WARRANTS — 0.0% (e) | ||||||||
FRANCE — 0.0% (e) | ||||||||
Peugeot SA (expiring 4/29/17) (a)(b) (Cost $15,679) | 13,373 | 46,118 | ||||||
SHORT TERM INVESTMENTS — 7.4% | ||||||||
UNITED STATES — 7.4% | ||||||||
MONEY MARKET FUNDS — 7.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 55,322,052 | 55,322,052 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (h)(i) | 444,227 | 444,227 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $55,766,279) | 55,766,279 | |||||||
TOTAL INVESTMENTS — 106.6% | ||||||||
(Cost $772,032,941) | 805,805,685 | |||||||
OTHER ASSETS & LIABILITIES — (6.6)% | (49,737,536 | ) | ||||||
NET ASSETS — 100.0% | $ | 756,068,149 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(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 Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs (Note 2). | |||||
(e) | Amount shown represents less than 0.05% of net assets. | |||||
(f) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are 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
GDR = Global Depositary Receipt
PLC = Public Limited Company
REIT = Real Estate Investment Trust
SCA = Societe en Commandite par Actions (partnership limited by shares)
See accompanying notes to financial statements.
207
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.0% | ||||||||
AUSTRALIA — 6.2% | ||||||||
Acrux, Ltd. (a) | 55,188 | $ | 36,258 | |||||
Adelaide Brighton, Ltd. (a) | 2,745 | 9,500 | ||||||
AET&D Holdings No 1 Pty, Ltd. (a)(b)(c) | 110,316 | 0 | ||||||
Ainsworth Game Technology, Ltd. (a) | 64,321 | 142,009 | ||||||
ALE Property Group | 75,535 | 220,433 | ||||||
Amalgamated Holdings, Ltd. | 50,364 | 451,703 | ||||||
Amcom Telecommunications, Ltd. (a) | 137,957 | 284,559 | ||||||
Antares Energy, Ltd. (b) | 157,622 | 16,858 | ||||||
APN News & Media, Ltd. (b) | 270,524 | 205,633 | ||||||
ARB Corp., Ltd. | 16,064 | 152,297 | ||||||
Ardent Leisure Group | 233,536 | 399,638 | ||||||
Arrium, Ltd. (a) | 1,834,527 | 238,253 | ||||||
Asaleo Care, Ltd. | 187,525 | 270,761 | ||||||
Aspen Group | 34,430 | 33,405 | ||||||
Astro Japan Property Group | 32,304 | 123,393 | ||||||
Atlas Iron, Ltd. (a) | 453,443 | 45,033 | ||||||
Ausdrill, Ltd. | 57,679 | 12,118 | ||||||
Austal, Ltd. | 70,273 | 94,486 | ||||||
Austbrokers Holdings, Ltd. | 25,294 | 167,727 | ||||||
Austin Engineering, Ltd. (b) | 21,293 | 12,525 | ||||||
Australian Agricultural Co., Ltd. (a)(b) | 181,650 | 222,728 | ||||||
Australian Industrial REIT | 42,031 | 75,136 | ||||||
Australian Pharmaceutical Industries, Ltd. | 71,272 | 98,824 | ||||||
Automotive Holdings Group, Ltd. | 65,588 | 210,445 | ||||||
Aveo Group | 180,239 | 366,265 | ||||||
AWE, Ltd. (a)(b) | 284,216 | 260,552 | ||||||
Base Resources, Ltd. (b) | 145,160 | 13,307 | ||||||
BC Iron, Ltd. (a) | 24,754 | 6,997 | ||||||
Beach Energy, Ltd. | 1,177,584 | 913,110 | ||||||
Beadell Resources, Ltd. | 400,265 | 79,503 | ||||||
Bega Cheese, Ltd. (a) | 55,082 | 201,983 | ||||||
Billabong International, Ltd. (a)(b) | 309,588 | 137,176 | ||||||
Blackmores, Ltd. | 3,703 | 154,317 | ||||||
Boart Longyear, Ltd. (a)(b) | 266,284 | 40,686 | ||||||
Bradken, Ltd. | 88,439 | 124,654 | ||||||
Breville Group, Ltd. (a) | 25,261 | 145,701 | ||||||
Brickworks, Ltd. | 16,416 | 181,218 | ||||||
Buru Energy, Ltd. (b) | 85,006 | 20,781 | ||||||
BWP Trust | 160,150 | 367,040 | ||||||
Cabcharge Australia, Ltd. (a) | 58,458 | 207,218 | ||||||
Cardno, Ltd. (a) | 64,325 | 161,183 | ||||||
Cash Converters International, Ltd. | 29,565 | 20,328 | ||||||
Central Petroleum, Ltd. (b) | 154,352 | 15,919 | ||||||
Charter Hall Group | 102,517 | 399,421 | ||||||
Charter Hall Retail REIT | 219,022 | 717,811 | ||||||
Coalspur Mines, Ltd. (b) | 242,811 | 3,710 | ||||||
Collins Foods, Ltd. | 32,883 | 64,310 | ||||||
Cooper Energy, Ltd. (b) | 127,946 | 20,526 | ||||||
Corporate Travel Management, Ltd. (a) | 47,958 | 430,124 | ||||||
Cover-More Group, Ltd. (a) | 139,296 | 220,279 | ||||||
Credit Corp. Group, Ltd. | 8,493 | 75,004 | ||||||
Cromwell Property Group | 458,785 | 397,805 | ||||||
CSG, Ltd. | 83,647 | 94,256 | ||||||
CSR, Ltd. | 320,319 | 986,172 | ||||||
CuDeco, Ltd. (a)(b)(c) | 25,679 | 27,661 | ||||||
Data#3, Ltd. | 55,072 | 33,237 | ||||||
Decmil Group, Ltd. | 32,566 | 31,596 | ||||||
Domino’s Pizza Enterprises, Ltd. | 31,391 | 891,380 | ||||||
Downer EDI, Ltd. | 224,905 | 768,018 | ||||||
Drillsearch Energy, Ltd. (a)(b) | 145,273 | 120,970 | ||||||
Echo Entertainment Group, Ltd. | 3,849 | 13,291 | ||||||
Emeco Holdings, Ltd. (a)(b) | 250,108 | 22,928 | ||||||
Energy Resources of Australia, Ltd. (a)(b) | 51,512 | 49,191 | ||||||
Energy World Corp., Ltd. (b) | 537,199 | 158,001 | ||||||
ERM Power, Ltd. | 38,982 | 67,601 | ||||||
Evolution Mining, Ltd. | 270,306 | 176,558 | ||||||
Fairfax Media, Ltd. | 1,008,229 | 735,576 | ||||||
Fleetwood Corp., Ltd. (a) | 170,711 | 182,581 | ||||||
FlexiGroup, Ltd. (a) | 105,943 | 279,226 | ||||||
Folkestone Education Trust | 115,218 | 193,646 | ||||||
G8 Education, Ltd. (a) | 156,966 | 402,912 | ||||||
GDI Property Group | 208,587 | 147,399 | ||||||
Greencross, Ltd. (a) | 49,026 | 299,253 | ||||||
Greenland Minerals & Energy, Ltd. (b) | 150,176 | 7,572 | ||||||
GUD Holdings, Ltd. | 43,743 | 275,360 | ||||||
GWA Group, Ltd. | 78,041 | 154,414 | ||||||
Hills, Ltd. | 66,490 | 43,938 | ||||||
Horizon Oil, Ltd. (a)(b) | 426,773 | 35,864 | ||||||
Hotel Property Investments | 80,202 | 169,106 | ||||||
Icon Energy, Ltd. (b) | 181,652 | 9,992 | ||||||
iiNET, Ltd. (a) | 69,547 | 469,142 | ||||||
Imdex, Ltd. (b) | 78,420 | 21,567 | ||||||
Independence Group NL | 128,034 | 512,533 | ||||||
Industria REIT (a) | 95,115 | 145,326 | ||||||
Infigen Energy (a)(b) | 920,118 | 196,819 | ||||||
Ingenia Communities Group | 323,598 | 97,649 | ||||||
Intrepid Mines, Ltd. (b) | 213,254 | 18,735 | ||||||
Invocare, Ltd. (a) | 216,671 | 2,175,009 | ||||||
iProperty Group, Ltd. (a)(b) | 54,829 | 117,701 | ||||||
Iress, Ltd. | 51,776 | 415,320 | ||||||
iSelect, Ltd. (b) | 37,709 | 42,780 | ||||||
iSentia Group, Ltd. | 91,384 | 255,515 | ||||||
Jacana Minerals, Ltd. (a)(b)(c) | 12,051 | 0 | ||||||
Japara Healthcare, Ltd. (a) | 124,819 | 257,460 | ||||||
JB Hi-Fi, Ltd. (a) | 78,327 | 1,117,174 | ||||||
Karoon Gas Australia, Ltd. (a)(b) | 126,740 | 209,138 | ||||||
Kingsgate Consolidated, Ltd. (a)(b) | 107,479 | 56,655 | ||||||
Kingsrose Mining, Ltd. (b) | 56,862 | 9,340 | ||||||
Liquefied Natural Gas, Ltd. (b) | 228,226 | 550,956 | ||||||
Lynas Corp., Ltd. (a)(b) | 769,028 | 25,262 | ||||||
M2 Group, Ltd. | 85,400 | 661,547 | ||||||
MACA, Ltd. | 28,543 | 19,080 | ||||||
Macquarie Atlas Roads Group (a) | 182,438 | 452,964 | ||||||
Maverick Drilling & Exploration, Ltd. (b) | 173,050 | 14,542 | ||||||
Mayne Pharma Group, Ltd. (b) | 318,232 | 232,173 | ||||||
McMillan Shakespeare, Ltd. | 17,906 | 162,784 | ||||||
Medusa Mining, Ltd. (b) | 97,829 | 71,000 | ||||||
Melbourne IT, Ltd. | 50,708 | 52,103 | ||||||
Mesoblast, Ltd. (a)(b) | 111,056 | 307,974 | ||||||
Metals X, Ltd. | 100,676 | 92,294 |
See accompanying notes to financial statements.
208
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Mincor Resources NL | 70,315 | $ | 36,259 | |||||
Mineral Deposits, Ltd. (b) | 31,096 | 18,530 | ||||||
Mineral Resources, Ltd. (a) | 82,493 | 425,389 | ||||||
MMA Offshore, Ltd. (a) | 102,764 | 51,814 | ||||||
Monadelphous Group, Ltd. (a) | 71,647 | 546,800 | ||||||
Mount Gibson Iron, Ltd. (a) | 505,806 | 85,010 | ||||||
Myer Holdings, Ltd. (a) | 301,726 | 312,332 | ||||||
Navitas, Ltd. | 139,457 | 522,037 | ||||||
New South Resources, Ltd. | 152,242 | 186,088 | ||||||
NewSat, Ltd. (a)(b) | 237,780 | 20,890 | ||||||
NEXTDC, Ltd. (b) | 59,791 | 117,391 | ||||||
NIB Holdings, Ltd. | 209,354 | 591,763 | ||||||
Nine Entertainment Co., Holdings, Ltd. (a) | 229,331 | 369,667 | ||||||
Northern Star Resources, Ltd. (a) | 301,479 | 529,724 | ||||||
NRW Holdings, Ltd. (a) | 50,102 | 7,655 | ||||||
Nufarm, Ltd. | 118,432 | 601,666 | ||||||
Orocobre, Ltd. (b) | 45,386 | 81,134 | ||||||
Orora, Ltd. | 496,518 | 861,045 | ||||||
OZ Minerals, Ltd. | 108,467 | 326,482 | ||||||
OzForex Group, Ltd. (a) | 121,883 | 224,401 | ||||||
Pacific Brands, Ltd. (a)(b) | 1,207,952 | 424,495 | ||||||
Pact Group Holdings, Ltd. | 13,107 | 42,255 | ||||||
Paladin Energy, Ltd. (a)(b) | 764,565 | 219,034 | ||||||
PanAust, Ltd. | 259,033 | 340,368 | ||||||
Peet, Ltd. (a) | 36,386 | 33,912 | ||||||
Perpetual, Ltd. (a) | 461 | 19,377 | ||||||
Perseus Mining, Ltd. (b) | 270,404 | 58,874 | ||||||
Platinum Australia, Ltd. (b)(c) | 610,876 | 0 | ||||||
Premier Investments, Ltd. | 39,863 | 390,107 | ||||||
Programmed Maintenance Services, Ltd. (a) | 225,322 | 416,566 | ||||||
Qube Holdings, Ltd. | 1,268 | 2,877 | ||||||
RCR Tomlinson, Ltd. | 48,259 | 73,551 | ||||||
Recall Holdings, Ltd. | 144,426 | 853,987 | ||||||
Red Fork Energy, Ltd. (b)(c) | 219,356 | 1,005 | ||||||
Regis Resources, Ltd. (a)(b) | 143,168 | 143,826 | ||||||
Reject Shop, Ltd. (a) | 19,349 | 99,037 | ||||||
Resolute Mining, Ltd. (b) | 348,781 | 82,600 | ||||||
Retail Food Group, Ltd. | 73,560 | 396,745 | ||||||
Ridley Corp., Ltd. | 52,256 | 42,715 | ||||||
SAI Global, Ltd. | 197,164 | 623,581 | ||||||
Sandfire Resources NL | 7,131 | 24,079 | ||||||
Saracen Mineral Holdings, Ltd. (b) | 261,581 | 84,930 | ||||||
Select Harvests, Ltd. | 29,372 | 166,271 | ||||||
Senex Energy, Ltd. (b) | 577,494 | 138,971 | ||||||
Seven West Media, Ltd. (a) | 262,299 | 268,514 | ||||||
Shopping Centres Australasia Property Group | 264,932 | 408,838 | ||||||
Sigma Pharmaceuticals, Ltd. | 1,303,531 | 886,291 | ||||||
Silex Systems, Ltd. (b) | 44,759 | 17,268 | ||||||
Silver Chef, Ltd. | 9,793 | 60,375 | ||||||
Silver Lake Resources, Ltd. (b) | 140,121 | 21,409 | ||||||
Sino Gas & Energy Holdings, Ltd. (b) | 629,335 | 91,348 | ||||||
Sirius Resources NL (a)(b) | 138,269 | 288,372 | ||||||
Sirtex Medical, Ltd. | 32,074 | 509,661 | ||||||
Skilled Group, Ltd. | 53,285 | 51,087 | ||||||
Slater & Gordon, Ltd. (a) | 90,568 | 522,380 | ||||||
Southern Cross Media Group, Ltd. (a) | 466,246 | 409,617 | ||||||
Spotless Group Holdings, Ltd. | 228,611 | 396,450 | ||||||
St Barbara, Ltd. (b) | 270,452 | 45,455 | ||||||
Starpharma Holdings, Ltd. (a)(b) | 133,668 | 44,931 | ||||||
Steadfast Group, Ltd. | 230,104 | 267,198 | ||||||
STW Communications Group, Ltd. (a) | 793,832 | 421,481 | ||||||
Sundance Energy Australia, Ltd. (b) | 185,880 | 63,901 | ||||||
Sundance Resources, Ltd. (a)(b) | 1,220,786 | 19,585 | ||||||
Sunland Group, Ltd. | 27,792 | 40,446 | ||||||
Super Retail Group, Ltd. (a) | 51,585 | 378,714 | ||||||
Syrah Resources, Ltd. (a)(b) | 40,361 | 114,085 | ||||||
Tap Oil, Ltd. (b) | 72,322 | 13,536 | ||||||
Tassal Group, Ltd. | 40,786 | 105,939 | ||||||
Technology One, Ltd. | 124,304 | 381,747 | ||||||
Ten Network Holdings, Ltd. (b) | 484,920 | 75,943 | ||||||
TFS Corp., Ltd. (a) | 143,447 | 192,872 | ||||||
Tiger Resources, Ltd. (b) | 250,919 | 9,584 | ||||||
Tox Free Solutions, Ltd. | 30,880 | 66,762 | ||||||
Transfield Services, Ltd. (b) | 315,125 | 328,610 | ||||||
Transpacific Industries Group, Ltd. (a) | 709,283 | 430,776 | ||||||
Troy Resources, Ltd. (a)(b) | 56,563 | 19,445 | ||||||
UGL, Ltd. (a) | 76,386 | 84,907 | ||||||
UXC, Ltd. | 74,106 | 44,724 | ||||||
Veda Group, Ltd. (a) | 278,681 | 493,924 | ||||||
Village Roadshow, Ltd. | 7,432 | 31,909 | ||||||
Virgin Australia Holdings, Ltd. (b) | 504,224 | 198,379 | ||||||
Virtus Health, Ltd. (a) | 16,278 | 91,153 | ||||||
Vocation, Ltd. | 46,838 | 5,725 | ||||||
Vocus Communications, Ltd. (a) | 59,918 | 268,695 | ||||||
Webjet, Ltd. | 56,957 | 171,874 | ||||||
Western Areas NL | 111,418 | 303,870 | ||||||
Whitehaven Coal, Ltd. (a)(b) | 203,943 | 222,018 | ||||||
43,873,929 | ||||||||
AUSTRIA — 0.5% | ||||||||
BUWOG AG (b) | 19,216 | 394,392 | ||||||
Conwert Immobilien Invest SE (a)(b) | 25,417 | 318,020 | ||||||
Flughafen Wien AG | 610 | 53,034 | ||||||
Lenzing AG | 2,850 | 191,674 | ||||||
POLYTEC Holding AG | 3,355 | 29,186 | ||||||
Porr AG | 3,846 | 203,432 | ||||||
RHI AG (a) | 12,658 | 372,494 | ||||||
Schoeller-Bleckmann Oilfield Equipment AG (a) | 4,749 | 303,577 | ||||||
Semperit AG Holding | 5,075 | 238,189 | ||||||
UBM Realitaetenentwicklung AG | 1,381 | 60,811 | ||||||
Wienerberger AG (a) | 66,839 | 1,067,444 | ||||||
Zumtobel Group AG | 8,923 | 221,422 | ||||||
3,453,675 | ||||||||
BAHAMAS — 0.0% (d) | ||||||||
United International Enterprises | 490 | 77,558 | ||||||
BELGIUM — 1.3% | ||||||||
Ablynx NV (b) | 31,798 | 309,408 | ||||||
Aedifica SA | 669 | 44,907 | ||||||
AGFA-Gevaert NV (b) | 194,839 | 448,856 | ||||||
AGFA-Gevaert NV VVPR Strip (a)(b)(c) | 42,353 | 0 | ||||||
Barco NV | 17,266 | 1,027,691 | ||||||
Befimmo SA | 2,106 | 142,948 | ||||||
BHF Kleinwort Benson Group (b) | 120,434 | 606,633 |
See accompanying notes to financial statements.
209
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Deceuninck NV | 21,205 | $ | 44,410 | |||||
Econocom Group SA (a) | 23,879 | 189,165 | ||||||
Euronav NV (b) | 25,072 | 296,200 | ||||||
EVS Broadcast Equipment SA | 15,297 | 568,689 | ||||||
Fagron (a) | 15,045 | 585,820 | ||||||
Galapagos NV (b) | 16,747 | 396,957 | ||||||
Ion Beam Applications (b) | 11,074 | 284,254 | ||||||
Kinepolis Group NV | 3,337 | 128,556 | ||||||
Lotus Bakeries | 178 | 233,230 | ||||||
Melexis NV | 10,121 | 603,282 | ||||||
Mobistar SA (b) | 21,464 | 465,888 | ||||||
Nyrstar NV (b) | 216,991 | 848,762 | ||||||
Ontex Group NV (b) | 12,343 | 374,692 | ||||||
Tessenderlo Chemie NV (b) | 40,105 | 1,144,658 | ||||||
Tessenderlo Chemie NV VVPR Strip (b)(e) | 4,451 | 0 | ||||||
ThromboGenics NV (b) | 16,034 | 87,859 | ||||||
8,832,865 | ||||||||
BERMUDA — 0.2% | ||||||||
Global Sources, Ltd. (a)(b) | 8,562 | 50,174 | ||||||
Golden Ocean Group, Ltd. (a) | 279,644 | 178,527 | ||||||
Ship Finance International, Ltd. (a) | 33,780 | 499,944 | ||||||
SmarTone Telecommunications Holdings, Ltd. | 226,749 | 432,847 | ||||||
Trinity, Ltd. (a) | 610,000 | 125,099 | ||||||
1,286,591 | ||||||||
CANADA — 8.8% | ||||||||
5N Plus, Inc. (a)(b) | 25,712 | 43,648 | ||||||
Advantage Oil & Gas, Ltd. (b) | 131,301 | 707,045 | ||||||
Aecon Group, Inc. | 11,250 | 99,664 | ||||||
Africa Oil Corp. (a)(b) | 149,682 | 217,461 | ||||||
AG Growth International, Inc. (a) | 712 | 28,930 | ||||||
AGF Management, Ltd. (Class B) | 11,240 | 74,016 | ||||||
AGT Food & Ingredients, Inc. | 10,650 | 227,884 | ||||||
Alacer Gold Corp. (b) | 113,767 | 246,128 | ||||||
Alamos Gold, Inc. | 54,153 | 317,264 | ||||||
Alaris Royalty Corp. (a) | 13,422 | 349,936 | ||||||
Alexco Resource Corp. (b) | 16,480 | 5,856 | ||||||
Algonquin Power & Utilities Corp. (a) | 81,271 | 600,629 | ||||||
Altius Minerals Corp. (a) | 3,271 | 32,697 | ||||||
Altus Group, Ltd. (a) | 9,317 | 143,893 | ||||||
Argonaut Gold, Inc. (a)(b) | 66,305 | 92,141 | ||||||
Artek Exploration, Ltd. (a)(b) | 16,764 | 33,753 | ||||||
Artis REIT | 16,779 | 198,460 | ||||||
Asanko Gold, Inc. (a)(b) | 53,647 | 76,245 | ||||||
Atlantic Power Corp. (a) | 60,124 | 169,002 | ||||||
Atrium Mortgage Investment Corp. | 34,344 | 338,966 | ||||||
ATS Automation Tooling Systems, Inc. (b) | 33,071 | 354,603 | ||||||
AuRico Gold, Inc. (a) | 169,560 | 468,583 | ||||||
AutoCanada, Inc. (a) | 8,854 | 221,402 | ||||||
Avigilon Corp. (a)(b) | 15,127 | 251,659 | ||||||
B2Gold Corp. (b) | 383,388 | 572,131 | ||||||
Badger Daylighting, Ltd. (a) | 14,903 | 318,182 | ||||||
Ballard Power Systems, Inc. (a)(b) | 70,325 | 146,591 | ||||||
Bankers Petroleum, Ltd. (b) | 150,018 | 321,002 | ||||||
Banro Corp. (b) | 114,266 | 22,555 | ||||||
Bellatrix Exploration, Ltd. (a)(b) | 94,649 | 230,177 | ||||||
Birchcliff Energy, Ltd. (b) | 62,246 | 333,224 | ||||||
Bird Construction, Inc. (a) | 18,958 | 141,156 | ||||||
Black Diamond Group, Ltd. (a) | 12,025 | 118,778 | ||||||
BlackPearl Resources, Inc. (a)(b) | 165,822 | 119,146 | ||||||
BNK Petroleum, Inc. (a)(b) | 59,995 | 26,528 | ||||||
Bonterra Energy Corp. (a) | 9,639 | 258,080 | ||||||
Boyd Group Income Fund | 1,516 | 63,441 | ||||||
Calfrac Well Services, Ltd. (a) | 40,573 | 267,176 | ||||||
Callidus Capital Corp. (a)(b) | 18,349 | 229,779 | ||||||
Canaccord Genuity Group, Inc. | 47,443 | 244,239 | ||||||
Canacol Energy, Ltd. (a)(b) | 40,056 | 90,138 | ||||||
Canadian Solar, Inc. (a)(b) | 16,852 | 562,688 | ||||||
Canam Group, Inc. | 3,703 | 36,255 | ||||||
CanElson Drilling, Inc. | 25,846 | 79,181 | ||||||
Canexus Corp. (a) | 89,597 | 108,238 | ||||||
CanWel Building Materials Group, Ltd. | 3,972 | 19,162 | ||||||
Canyon Services Group, Inc. | 25,371 | 132,214 | ||||||
Capstone Infrastructure Corp. | 21,926 | 61,459 | ||||||
Capstone Mining Corp. (b) | 204,498 | 195,375 | ||||||
Cardinal Energy, Ltd. (a) | 13,516 | 155,383 | ||||||
Cathedral Energy Services, Ltd. | 10,191 | 17,702 | ||||||
Celestica, Inc. (b) | 107,831 | 1,197,082 | ||||||
Centerra Gold, Inc. | 74,017 | 361,173 | ||||||
Cequence Energy, Ltd. (a)(b) | 59,629 | 43,786 | ||||||
Chartwell Retirement Residences | 12,485 | 121,843 | ||||||
China Gold International Resources Corp., Ltd. (a)(b) | 123,402 | 144,204 | ||||||
Chinook Energy, Inc. (b) | 120,767 | 116,333 | ||||||
Chorus Aviation, Inc. | 79,342 | 372,121 | ||||||
Colabor Group, Inc. | 10,413 | 8,797 | ||||||
Colossus Minerals, Inc. (a)(b)(c) | 390 | 6 | ||||||
Computer Modelling Group, Ltd. | 40,823 | 410,003 | ||||||
Concordia Healthcare Corp. | 6,957 | 467,682 | ||||||
Continental Gold, Ltd. (a)(b) | 56,195 | 85,635 | ||||||
Copper Mountain Mining Corp. (a)(b) | 68,555 | 62,790 | ||||||
Corus Entertainment, Inc. (Class B) (a) | 86,427 | 1,312,953 | ||||||
Cott Corp. | 74,370 | 695,255 | ||||||
Crew Energy, Inc. (b) | 68,178 | 256,239 | ||||||
DeeThree Exploration, Ltd. (b) | 29,140 | 146,563 | ||||||
Delphi Energy Corp. (b) | 65,585 | 75,605 | ||||||
Denison Mines Corp. (a)(b) | 273,531 | 218,134 | ||||||
Descartes Systems Group, Inc. (b) | 41,134 | 620,664 | ||||||
Detour Gold Corp. (b) | 68,525 | 581,637 | ||||||
DHX Media, Ltd. | 31,872 | 229,257 | ||||||
DirectCash Payments, Inc. (a) | 2,219 | 29,084 | ||||||
DIRTT Environmental Solutions (b) | 27,875 | 145,923 | ||||||
Dominion Diamond Corp. (b) | 45,240 | 772,991 | ||||||
Dorel Industries, Inc. (Class B) | 14,585 | 405,017 | ||||||
Dream Unlimited Corp. (Class A) (b) | 81,346 | 592,191 | ||||||
Dundee Corp. (Class A) (a)(b) | 61,484 | 569,449 | ||||||
Dundee Precious Metals, Inc. (b) | 57,762 | 124,053 | ||||||
Eagle Energy Trust | 10,626 | 20,640 | ||||||
Enbridge Income Fund Holdings, Inc. (a) | 17,878 | 526,529 | ||||||
Endeavour Mining Corp. (b) | 225,447 | 105,025 | ||||||
Endeavour Silver Corp. (a)(b) | 60,564 | 114,290 | ||||||
EnerCare, Inc. (a) | 27,015 | 325,289 |
See accompanying notes to financial statements.
210
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Enerflex, Ltd. | 41,001 | $ | 497,257 | |||||
Enghouse Systems, Ltd. | 11,307 | 448,173 | ||||||
Entertainment One, Ltd. | 97,758 | 438,994 | ||||||
Epsilon Energy, Ltd. (a)(b) | 16,961 | 52,899 | ||||||
Equitable Group, Inc. | 6,475 | 288,908 | ||||||
Essential Energy Services Trust | 38,514 | 31,322 | ||||||
Exchange Income Corp. (a) | 12,573 | 211,949 | ||||||
Extendicare, Inc. (a) | 45,055 | 267,164 | ||||||
Firm Capital Mortgage Investment Corp. (a) | 30,567 | 294,447 | ||||||
First Majestic Silver Corp. (a)(b) | 50,882 | 274,397 | ||||||
FirstService Corp. (a) | 40,540 | 2,623,817 | ||||||
Fortuna Silver Mines, Inc. (b) | 75,350 | 284,385 | ||||||
Freehold Royalties, Ltd. (a) | 23,917 | 338,785 | ||||||
Gabriel Resources, Ltd. (a)(b) | 103,492 | 31,052 | ||||||
Gasfrac Energy Services, Inc. (b)(e) | 21,904 | 0 | ||||||
Gear Energy, Ltd. (b) | 30,719 | 45,357 | ||||||
Gluskin Sheff + Associates, Inc. | 12,633 | 266,924 | ||||||
GMP Capital, Inc. | 100,650 | 457,753 | ||||||
Golden Star Resources, Ltd. (a)(b) | 60,085 | 14,707 | ||||||
Gran Tierra Energy, Inc. (b) | 150,133 | 410,154 | ||||||
Granite Real Estate Investment Trust | 24,300 | 853,426 | ||||||
Great Basin Gold, Ltd. (b)(e) | 266,255 | 0 | ||||||
Great Canadian Gaming Corp. (b) | 28,666 | 521,941 | ||||||
Great Panther Silver, Ltd. (a)(b) | 36,684 | 20,855 | ||||||
Guardian Capital Group, Ltd. (Class A) | 142,477 | 2,008,065 | ||||||
Guyana Goldfields, Inc. (b) | 77,862 | 181,360 | ||||||
Heroux-Devtek, Inc. (b) | 4,759 | 37,576 | ||||||
High Liner Foods, Inc. | 5,534 | 106,704 | ||||||
HNZ Group, Inc. | 11,097 | 175,239 | ||||||
Horizon North Logistics, Inc. (a) | 73,227 | 134,139 | ||||||
IAMGOLD Corp. (b) | 166,478 | 310,216 | ||||||
Imax Corp. (b)(c) | 25,358 | 854,818 | ||||||
Imperial Metals Corp. (b) | 21,664 | 210,739 | ||||||
Innergex Renewable Energy, Inc. | 56,691 | 501,334 | ||||||
Interfor Corp. (b) | 27,447 | 415,010 | ||||||
InterRent Real Estate Investment Trust | 8,015 | 41,135 | ||||||
Intertape Polymer Group, Inc. | 18,300 | 253,296 | ||||||
Ithaca Energy, Inc. (b) | 157,499 | 79,589 | ||||||
Ivanhoe Mines, Ltd. (Class A) (a)(b) | 169,629 | 123,220 | ||||||
Just Energy Group, Inc. (a) | 78,188 | 365,474 | ||||||
Kelso Technologies, Inc. (a) | 19,854 | 91,236 | ||||||
Kelt Exploration, Ltd. (a)(b) | 52,465 | 313,589 | ||||||
Kirkland Lake Gold, Inc. (a)(b) | 41,787 | 179,488 | ||||||
Knight Therapeutics, Inc. (b) | 22,186 | 143,294 | ||||||
KP Tissue, Inc. | 6,443 | 82,668 | ||||||
Labrador Iron Ore Royalty Corp. (a) | 25,073 | 267,459 | ||||||
Lake Shore Gold Corp. (a)(b) | 244,807 | 199,093 | ||||||
Laurentian Bank of Canada | 3,372 | 125,801 | ||||||
Legacy Oil + Gas, Inc. (a)(b) | 74,909 | 91,086 | ||||||
Leucrotta Exploration, Inc. (b) | 12,945 | 10,119 | ||||||
Lightstream Resources, Ltd. (a) | 70,029 | 49,211 | ||||||
Liquor Stores NA, Ltd. (a) | 16,011 | 184,066 | ||||||
Long Run Exploration, Ltd. (a) | 49,274 | 26,845 | ||||||
Lucara Diamond Corp. | 111,512 | 156,724 | ||||||
Lydian International, Ltd. (a)(b) | 47,154 | 18,244 | ||||||
MAG Silver Corp. (b) | 51,421 | 318,311 | ||||||
Major Drilling Group International, Inc. | 98,843 | 536,164 | ||||||
Mart Resources, Inc. | 209,916 | 82,872 | ||||||
Martinrea International, Inc. | 67,029 | 665,791 | ||||||
MCAN Mortgage Corp. (a) | 25,118 | 269,723 | ||||||
Medical Facilities Corp. (a) | 16,170 | 218,324 | ||||||
Mitel Networks Corp. (a)(b) | 38,179 | 388,280 | ||||||
Mood Media Corp. (a)(b) | 53,298 | 26,512 | ||||||
Morguard Corp. | 1,746 | 210,375 | ||||||
Morneau Shepell, Inc. (a) | 19,090 | 261,517 | ||||||
MTY Food Group, Inc. (a) | 9,545 | 260,914 | ||||||
Nevsun Resources, Ltd. (a) | 107,134 | 361,202 | ||||||
Newalta Corp. | 20,901 | 231,041 | ||||||
NGEx Resources, Inc. (b) | 31,897 | 25,185 | ||||||
Niko Resources, Ltd. (a)(b) | 29,835 | 11,779 | ||||||
Norbord, Inc. (a) | 5,431 | 114,323 | ||||||
North American Palladium, Ltd. (a)(b) | 97,003 | 20,297 | ||||||
North West Co., Inc. (a) | 28,373 | 560,739 | ||||||
Northern Dynasty Minerals, Ltd. (a)(b) | 52,833 | 20,649 | ||||||
Novagold Resources, Inc. (a)(b) | 114,752 | 337,959 | ||||||
NuVista Energy, Ltd. (b) | 101,219 | 608,992 | ||||||
Nymox Pharmaceutical Corp. (a)(b) | 4,560 | 3,876 | ||||||
OceanaGold Corp. | 158,015 | 300,684 | ||||||
Oncolytics Biotech, Inc. (a)(b) | 22,001 | 16,329 | ||||||
Orbite Aluminae, Inc. (b) | 72,366 | 15,427 | ||||||
Painted Pony Petroleum, Ltd. (b) | 48,539 | 226,886 | ||||||
Parex Resources, Inc. (b) | 58,981 | 375,821 | ||||||
Parkland Fuel Corp. (a) | 44,844 | 880,592 | ||||||
Performance Sports Group, Ltd. (a)(b) | 23,389 | 456,086 | ||||||
Perpetual Energy, Inc. (a)(b) | 47,816 | 40,775 | ||||||
PHX Energy Services Corp. (a) | 9,761 | 54,181 | ||||||
Pizza Pizza Royalty Corp. | 22,031 | 248,229 | ||||||
Platinum Group Metals, Ltd. (b) | 95,687 | 52,131 | ||||||
Poseidon Concepts Corp. (b)(c) | 43,064 | 0 | ||||||
Premier Gold Mines, Ltd. (a)(b) | 94,583 | 182,968 | ||||||
Premium Brands Holdings Corp. (a) | 5,419 | 124,639 | ||||||
Pretium Resources, Inc. (a)(b) | 41,725 | 210,190 | ||||||
Primero Mining Corp. (b) | 55,171 | 186,009 | ||||||
Prometic Life Sciences, Inc. (a)(b) | 244,539 | 467,260 | ||||||
Pulse Seismic, Inc. (a) | 19,857 | 45,154 | ||||||
Pure Technologies, Ltd. | 32,794 | 209,996 | ||||||
Raging River Exploration, Inc. (a)(b) | 83,873 | 590,058 | ||||||
Redknee Solutions, Inc. (a)(b) | 31,798 | 112,479 | ||||||
Regal Lifestyle Communities, Inc. | 8,593 | 61,606 | ||||||
Reitmans Canada, Ltd. (Class A) | 26,694 | 135,103 | ||||||
Retrocom Real Estate Investment Trust | 9,277 | 28,933 | ||||||
Richelieu Hardware, Ltd. | 8,364 | 416,120 | ||||||
Rio Alto Mining, Ltd. (b) | 159,613 | 393,204 | ||||||
RMP Energy, Inc. (b) | 54,004 | 121,951 | ||||||
Rogers Sugar, Inc. (a) | 9,461 | 33,765 | ||||||
Romarco Minerals, Inc. (b) | 300,921 | 102,168 | ||||||
RONA, Inc. | 56,301 | 720,155 | ||||||
Rubicon Minerals Corp. (a)(b) | 186,756 | 169,577 | ||||||
Sabina Gold & Silver Corp. (a)(b) | 81,668 | 22,247 | ||||||
Sandstorm Gold, Ltd. (a)(b) | 38,161 | 123,537 | ||||||
Sandvine Corp. (b) | 36,664 | 105,954 | ||||||
Savanna Energy Services Corp. (a) | 109,081 | 146,417 |
See accompanying notes to financial statements.
211
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Seabridge Gold, Inc. (a)(b) | 23,441 | $ | 128,819 | |||||
Sears Canada, Inc. (a)(b) | 5,016 | 46,417 | ||||||
SEMAFO, Inc. (b) | 137,156 | 413,688 | ||||||
Sherritt International Corp. | 157,530 | 259,959 | ||||||
Sierra Wireless, Inc. (a)(b) | 16,669 | 552,387 | ||||||
Silver Standard Resources, Inc. (a)(b) | 45,715 | 206,466 | ||||||
Silvercorp Metals, Inc. (a) | 102,371 | 118,820 | ||||||
SilverCrest Mines, Inc. (b) | 25,763 | 28,275 | ||||||
Sirius XM Canada Holdings, Inc. | 41,970 | 182,262 | ||||||
Solium Capital, Inc. (a)(b) | 31,324 | 175,850 | ||||||
Southern Pacific Resource Corp. (b)(e) | 281,142 | 0 | ||||||
Spartan Energy Corp. (b) | 123,280 | 278,390 | ||||||
Spyglass Resources Corp. (a) | 40,823 | 9,509 | ||||||
Stella-Jones, Inc. | 12,815 | 402,309 | ||||||
Strad Energy Services, Ltd. | 24,065 | 53,203 | ||||||
Stuart Olson, Inc. | 5,358 | 22,803 | ||||||
Sulliden Mining Capital, Inc. (b) | 7,076 | 1,397 | ||||||
Sunshine Oilsands, Ltd. (a)(b) | 1,721,000 | 69,923 | ||||||
Superior Plus Corp. (a) | 58,840 | 659,250 | ||||||
Surge Energy, Inc. (a) | 110,162 | 253,986 | ||||||
TAG Oil, Ltd. (a)(b) | 31,257 | 32,824 | ||||||
Tanzanian Royalty Exploration Corp. (a)(b) | 8,195 | 2,750 | ||||||
Taseko Mines, Ltd. (b) | 26,073 | 16,469 | ||||||
Tekmira Pharmaceuticals Corp. (b)(c) | 11,948 | 208,612 | ||||||
Tembec, Inc. (b) | 20,995 | 48,405 | ||||||
Teranga Gold Corp. (b) | 82,005 | 41,440 | ||||||
Thompson Creek Metals Co., Inc. (a)(b) | 94,241 | 124,266 | ||||||
Timmins Gold Corp. (a)(b) | 46,869 | 32,196 | ||||||
TORC Oil & Gas, Ltd. (a) | 32,469 | 250,471 | ||||||
Torex Gold Resources, Inc. (b) | 379,702 | 314,794 | ||||||
Toromont Industries, Ltd. | 18,082 | 467,434 | ||||||
Torstar Corp. (Class B) (a) | 20,183 | 102,628 | ||||||
Total Energy Services, Inc. | 11,008 | 122,205 | ||||||
Tourmaline Oil Corp. (b) | 919 | 27,813 | ||||||
Transcontinental, Inc. (Class A) | 40,110 | 554,224 | ||||||
TransGlobe Energy Corp. | 51,043 | 181,764 | ||||||
Trevali Mining Corp. (b) | 51,566 | 42,751 | ||||||
Tricon Capital Group, Inc. (a) | 36,928 | 326,564 | ||||||
Trinidad Drilling, Ltd. (a) | 73,525 | 236,279 | ||||||
Twin Butte Energy, Ltd. (a) | 90,548 | 51,476 | ||||||
Uex Corp. (b) | 79,219 | 16,576 | ||||||
Uni-Select, Inc. | 65,612 | 2,262,876 | ||||||
Vicwest, Inc. | 4,023 | 39,928 | ||||||
Wajax Corp. (a) | 5,437 | 103,846 | ||||||
Western Energy Services Corp. (a) | 17,525 | 85,930 | ||||||
Western Forest Products, Inc. | 184,290 | 286,657 | ||||||
Westport Innovations, Inc. (a)(b) | 23,663 | 93,045 | ||||||
Whistler Blackcomb Holdings, Inc. | 19,333 | 275,837 | ||||||
Wi-LAN, Inc. (a) | 87,032 | 214,402 | ||||||
Winpak, Ltd. | 11,428 | 359,127 | ||||||
Yellow Pages, Ltd. (b) | 11,813 | 143,267 | ||||||
Zargon Oil & Gas, Ltd. (a) | 11,487 | 26,121 | ||||||
61,707,737 | ||||||||
CHINA — 1.0% | ||||||||
Allied Properties HK, Ltd. | 4,624,391 | 906,621 | ||||||
China Everbright Water, Ltd. (a)(b) | 157,800 | 108,713 | ||||||
China Sandi Holdings, Ltd. (b) | 103 | 5 | ||||||
Chow Sang Sang Holdings International, Ltd. | 249,939 | 541,590 | ||||||
Daphne International Holdings, Ltd. | 566,000 | 189,809 | ||||||
G-Resources Group, Ltd. (b) | 13,262,400 | 388,307 | ||||||
Greenland Hong Kong Holdings, Ltd. (a) | 191,000 | 113,323 | ||||||
HKR International, Ltd. | 2,654,059 | 1,345,335 | ||||||
K Wah International Holdings, Ltd. (a) | 1,519,247 | 750,507 | ||||||
Midland Holdings, Ltd. (a)(b) | 777,790 | 342,093 | ||||||
Nam Tai Property, Inc. | 5,568 | 22,105 | ||||||
Road King Infrastructure, Ltd. | 1,183,482 | 1,083,796 | ||||||
Shun Tak Holdings, Ltd. | 1,276,749 | 617,539 | ||||||
Texwinca Holdings, Ltd. | 758,850 | 693,952 | ||||||
7,103,695 | ||||||||
DENMARK — 1.0% | ||||||||
ALK-Abello A/S | 2,284 | 244,949 | ||||||
Amagerbanken A/S (b)(c) | 308,573 | 0 | ||||||
Ambu A/S (Class B) (a) | 18,267 | 422,799 | ||||||
Auriga Industries A/S (Class B) (b) | 7,234 | 324,989 | ||||||
Bang & Olufsen A/S (a)(b) | 33,532 | 308,518 | ||||||
Bavarian Nordic A/S (b) | 16,572 | 850,518 | ||||||
D/S Norden A/S (a) | 14,965 | 319,480 | ||||||
East Asiatic Co., Ltd. A/S (a) | 36,388 | 405,415 | ||||||
IC Group A/S | 25,988 | 603,373 | ||||||
Matas A/S | 13,699 | 312,147 | ||||||
NKT Holding A/S | 11,362 | 726,704 | ||||||
OW Bunker A/S (b)(e) | 9,828 | 0 | ||||||
Rockwool International A/S (Class B) | 2,042 | 238,370 | ||||||
Schouw & Co. | 3,133 | 149,984 | ||||||
SimCorp A/S (a) | 54,312 | 1,780,209 | ||||||
Solar A/S (Class B) | 1,443 | 66,072 | ||||||
Spar Nord Bank A/S | 32,524 | 313,270 | ||||||
Vestas Wind Systems A/S | 770 | 31,869 | ||||||
7,098,666 | ||||||||
FINLAND — 0.9% | ||||||||
Caverion Corp. | 32,120 | 325,650 | ||||||
Cramo Oyj | 15,446 | 275,709 | ||||||
Fiskars Oyj Abp (a) | 23,006 | 438,328 | ||||||
Konecranes Oyj (a) | 19,095 | 602,936 | ||||||
Lassila & Tikanoja Oyj | 71,937 | 1,335,058 | ||||||
Outotec Oyj (a) | 56,622 | 346,629 | ||||||
PKC Group Oyj | 3,209 | 71,273 | ||||||
Poyry Oyj (a)(b) | 87,771 | 277,708 | ||||||
Raisio Oyj (Class V) | 34,416 | 148,960 | ||||||
Ramirent Oyj (a) | 17,645 | 125,264 | ||||||
Sanoma Oyj | 14,933 | 82,275 | ||||||
Sponda Oyj | 50,218 | 215,197 | ||||||
Stockmann Oyj Abp (Class B) (b) | 3,282 | 25,908 | ||||||
Talvivaara Mining Co. PLC (a)(b)(e) | 572,382 | 0 | ||||||
Tieto Oyj | 28,859 | 678,781 | ||||||
Tikkurila Oyj | 9,754 | 186,364 | ||||||
Uponor Oyj | 14,907 | 252,159 | ||||||
Valmet Oyj (a) | 50,783 | 608,677 | ||||||
YIT Oyj (a) | 34,897 | 191,707 | ||||||
6,188,583 | ||||||||
See accompanying notes to financial statements.
212
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
FRANCE — 2.0% | ||||||||
AB Science SA (a)(b) | 4,470 | $ | 73,356 | |||||
Albioma SA | 4,937 | 94,329 | ||||||
Altarea | 224 | 42,582 | ||||||
Alten SA | 14,529 | 666,531 | ||||||
Altran Technologies SA | 54,000 | 540,117 | ||||||
ANF Immobilier | 1,899 | 50,172 | ||||||
Assystem | 2,288 | 48,360 | ||||||
Belvedere SA (b) | 13,988 | 220,689 | ||||||
Beneteau SA | 12,719 | 179,563 | ||||||
Boiron SA | 2,962 | 317,769 | ||||||
Cellectis SA (b) | 14,333 | 500,601 | ||||||
CGG SA (a)(b) | 84,349 | 475,602 | ||||||
DBV Technologies SA (a)(b) | 6,652 | 304,202 | ||||||
Etablissements Maurel et Prom (b) | 42,054 | 307,083 | ||||||
Faiveley Transport SA | 2,273 | 133,851 | ||||||
Flamel Technologies SA ADR (b) | 20,626 | 370,855 | ||||||
Fonciere De Paris SIIC | 2,161 | 264,584 | ||||||
GameLoft SE (a)(b) | 43,465 | 224,071 | ||||||
Genfit (b) | 8,887 | 328,097 | ||||||
GL Events | 27,995 | 570,364 | ||||||
Groupe Fnac (b) | 4,229 | 262,615 | ||||||
Haulotte Group SA | 3,071 | 50,892 | ||||||
Hi-Media SA (b) | 12,295 | 29,051 | ||||||
Innate Pharma SA (a)(b) | 25,809 | 223,137 | ||||||
Interparfums SA (a) | 1,658 | 54,471 | ||||||
IPSOS | 14,500 | 405,054 | ||||||
Jacquet Metal Service | 34,817 | 728,050 | ||||||
LISI | 4,147 | 112,683 | ||||||
Maisons France Confort SA | 726 | 25,474 | ||||||
Mersen | 31,360 | 815,745 | ||||||
Montupet | 2,809 | 200,621 | ||||||
MPI | 29,084 | 104,641 | ||||||
Naturex (a) | 3,440 | 187,536 | ||||||
Nexans SA (a)(b) | 12,086 | 407,324 | ||||||
NicOx SA (b) | 13,856 | 27,947 | ||||||
Norbert Dentressangle SA | 1,540 | 260,664 | ||||||
Pierre & Vacances SA (b) | 1,038 | 31,081 | ||||||
Rubis SCA (a) | 5,260 | 333,926 | ||||||
Saft Groupe SA | 19,963 | 734,114 | ||||||
Sequana SA (b) | 25,696 | 85,000 | ||||||
Societe d’Edition de Canal + | 56,589 | 378,638 | ||||||
SOITEC (a)(b) | 124,012 | 118,538 | ||||||
Solocal Group (b) | 369,661 | 245,356 | ||||||
Sopra Steria Group | 11,903 | 885,024 | ||||||
Stallergenes SA | 416 | 22,786 | ||||||
Tarkett SA | 6,810 | 153,556 | ||||||
Trigano SA | 3,168 | 107,177 | ||||||
UbiSoft Entertainment (b) | 63,378 | 1,171,109 | ||||||
Valneva SE (a)(b) | 12,558 | 52,466 | ||||||
Virbac SA | 1,838 | 434,480 | ||||||
14,361,934 | ||||||||
GERMANY — 2.8% | ||||||||
Aixtron SE (a)(b) | 47,056 | 355,233 | ||||||
Alstria Office REIT-AG (a)(b) | 47,281 | 664,961 | ||||||
Amadeus Fire AG | 3,112 | 246,327 | ||||||
Aurelius AG | 9,929 | 415,886 | ||||||
BayWa AG | 2,278 | 89,226 | ||||||
Bechtle AG | 5,815 | 415,688 | ||||||
Bertrandt AG | 819 | 119,275 | ||||||
Biotest AG Preference Shares (a) | 3,517 | 391,324 | ||||||
Borussia Dortmund GmbH & Co. KGaA (a) | 39,148 | 148,377 | ||||||
CANCOM SE (a) | 8,689 | 350,276 | ||||||
Cewe Stiftung & Co. KGAA | 3,143 | 199,666 | ||||||
CompuGroup Medical AG | 8,305 | 240,204 | ||||||
Deutz AG | 35,216 | 148,262 | ||||||
DIC Asset AG | 75,669 | 757,178 | ||||||
Draegerwerk AG & Co. KGaA | 2,248 | 200,101 | ||||||
Draegerwerk AG & Co. KGaA Preference Shares | 1,478 | 184,214 | ||||||
Elmos Semiconductor AG | 10,006 | 194,188 | ||||||
Evotec AG (a)(b) | 49,095 | 198,257 | ||||||
GFK SE | 4,354 | 160,604 | ||||||
Grammer AG | 7,386 | 273,396 | ||||||
Grenkeleasing AG | 3,118 | 359,989 | ||||||
Hamborner REIT AG | 9,051 | 99,589 | ||||||
Hamburger Hafen und Logistik AG (a) | 6,903 | 144,903 | ||||||
Heidelberger Druckmaschinen AG (a)(b) | 114,168 | 305,315 | ||||||
Hornbach Holding AG Preference Shares | 2,530 | 199,118 | ||||||
Indus Holding AG | 49,185 | 2,450,008 | ||||||
Isra Vision AG | 515 | 35,311 | ||||||
Jenoptik AG | 83,931 | 1,135,337 | ||||||
Kloeckner & Co. SE (b) | 56,788 | 544,704 | ||||||
Kontron AG (b) | 66,454 | 424,661 | ||||||
LPKF Laser & Electronics AG | 12,865 | 144,042 | ||||||
MLP AG | 64,945 | 270,773 | ||||||
Nemetschek AG | 2,631 | 340,779 | ||||||
Nordex SE (b) | 25,411 | 516,899 | ||||||
Norma Group SE | 12,350 | 621,612 | ||||||
Patrizia Immobilien AG (b) | 103,639 | 1,857,735 | ||||||
Pfeiffer Vacuum Technology AG | 2,131 | 181,150 | ||||||
QSC AG (a) | 20,000 | 41,950 | ||||||
RIB Software AG (a) | 16,432 | 230,835 | ||||||
Sartorius AG Preference Shares | 2,606 | 331,943 | ||||||
Schaltbau Holding AG | 2,436 | 123,945 | ||||||
Singulus Technologies AG (a)(b) | 10,015 | 15,069 | ||||||
Sixt SE | 10,704 | 476,973 | ||||||
SLM Solutions Group AG (b) | 2,289 | 44,374 | ||||||
SMA Solar Technology AG (a)(b) | 3,526 | 45,292 | ||||||
STRATEC Biomedical AG | 2,943 | 144,147 | ||||||
Stroeer Media SE | 5,181 | 177,421 | ||||||
Suss Microtec AG (b) | 4,146 | 25,479 | ||||||
TAG Immobilien AG (a) | 52,525 | 724,892 | ||||||
Takkt AG | 16,198 | 296,526 | ||||||
Vossloh AG (a) | 3,413 | 209,230 | ||||||
Wacker Neuson SE | 9,590 | 239,622 | ||||||
Wincor Nixdorf AG | 13,452 | 631,931 | ||||||
XING AG | 1,647 | 283,905 | ||||||
zooplus AG (b) | 2,623 | 239,735 | ||||||
19,667,837 | ||||||||
GIBRALTAR — 0.1% | ||||||||
888 Holdings PLC | 77,557 | 175,003 | ||||||
Bwin.Party Digital Entertainment PLC | 345,646 | 411,772 | ||||||
586,775 | ||||||||
See accompanying notes to financial statements.
213
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
GREECE — 0.0% (d) | ||||||||
Eurobank Ergasias SA (b) | 237 | $ | 27 | |||||
Fourlis Holdings SA (b) | 7,209 | 20,904 | ||||||
GEK Terna Holding Real Estate Construction SA (b) | 6,535 | 12,142 | ||||||
Terna Energy SA (b) | 7,160 | 16,841 | ||||||
TT Hellenic Postbank SA (b)(c) | 129,076 | 0 | ||||||
49,914 | ||||||||
HONG KONG — 2.9% | ||||||||
APT Satellite Holdings, Ltd. | 91,000 | 103,171 | ||||||
Beijing Properties Holdings, Ltd. (a)(b) | 1,282,000 | 110,787 | ||||||
Beijing Tong Ren Tang Chinese Medicine Co., Ltd. | 87,000 | 127,924 | ||||||
Bloomage Biotechnology Corp., Ltd. | 62,500 | 121,726 | ||||||
Century Sunshine Group Holdings, Ltd. | 524,571 | 43,979 | ||||||
China Cord Blood Corp. (a)(b) | 20,064 | 102,527 | ||||||
China Household Holdings, Ltd. (b) | 740,000 | 60,131 | ||||||
China Innovationpay Group, Ltd. (a)(b) | 2,424,000 | 196,970 | ||||||
China LNG Group, Ltd. (a) | 1,615,000 | 279,129 | ||||||
China LotSynergy Holdings, Ltd. | 4,640,000 | 389,008 | ||||||
China Merchants Land, Ltd. (a) | 212,000 | 32,266 | ||||||
China Ocean Resources Co., Ltd. (a)(b) | 27,289 | 91,992 | ||||||
China Regenerative Medicine International, Ltd. (b) | 2,590,000 | 125,273 | ||||||
China Resources and Transportation Group, Ltd. (a)(b) | 5,100,000 | 94,724 | ||||||
China Ruifeng Renewable Energy, Ltd. (b) | 356,000 | 43,162 | ||||||
China Smarter Energy Group Holdings, Ltd. (b) | 1,392,000 | 222,632 | ||||||
China Traditional Chinese Medicine Co., Ltd. (b) | 668,000 | 450,615 | ||||||
China Water Industry Group, Ltd. (a)(b) | 512,000 | 121,511 | ||||||
Chong Hing Bank, Ltd. | 57,000 | 135,129 | ||||||
CK Life Sciences International Holdings, Inc. | 2,646,000 | 252,551 | ||||||
Culturecom Holdings, Ltd. (a)(b) | 375,000 | 45,466 | ||||||
Dah Sing Financial Holdings, Ltd. | 99,200 | 587,289 | ||||||
Emperor Entertainment Hotel, Ltd. | 100,000 | 21,411 | ||||||
Emperor Watch & Jewellery, Ltd. (a) | 2,670,000 | 87,817 | ||||||
Enerchina Holdings, Ltd. (b) | 3,363,000 | 101,935 | ||||||
EverChina International Holdings Co., Ltd. (b) | 1,080,000 | 38,308 | ||||||
Extrawell Pharmaceutical Holdings, Ltd. (b) | 1,440,000 | 59,435 | ||||||
Fairwood Holdings, Ltd. | 152,500 | 397,328 | ||||||
FDG Electric Vehicles, Ltd. (a)(b) | 3,620,000 | 219,449 | ||||||
Giordano International, Ltd. (a) | 1,364,000 | 666,778 | ||||||
Global Brands Group Holding, Ltd. (b) | 2,686,000 | 526,595 | ||||||
Goldin Properties Holdings, Ltd. (b) | 654,000 | 1,160,710 | ||||||
Haier Healthwise Holdings, Ltd. (a)(b) | 2,824,000 | 324,177 | ||||||
HC International, Inc. (a)(b) | 168,000 | 177,685 | ||||||
Heng Tai Consumables Group, Ltd. (b) | 3,375,000 | 37,872 | ||||||
Heritage International Holdings, Ltd. (a)(b) | 7,470,000 | 568,460 | ||||||
HKC Holdings, Ltd. (b) | 1,373,000 | 45,158 | ||||||
Honbridge Holdings, Ltd. (b) | 626,000 | 120,306 | ||||||
Hong Kong Television Network, Ltd. (b) | 128,000 | 50,685 | ||||||
Hopewell Highway Infrastructure, Ltd. (a) | 576,000 | 274,142 | ||||||
Imagi International Holdings, Ltd. (b) | 5,712,000 | 143,665 | ||||||
Inspur International, Ltd. | 324,000 | 73,133 | ||||||
International Housewares Retail Co., Ltd. | 65,000 | 14,588 | ||||||
Kingston Financial Group, Ltd. (a) | 1,402,000 | 159,132 | ||||||
Kingwell Group, Ltd. (a)(b) | 560,000 | 35,754 | ||||||
Kong Sun Holdings, Ltd. (b) | 4,175,000 | 974,681 | ||||||
KuangChi Science, Ltd. (a)(b) | 652,000 | 265,743 | ||||||
L’sea Resources International Holdings, Ltd. (b) | 1,000,000 | 34,825 | ||||||
Landing International Development, Ltd. (b) | 3,515,000 | 65,285 | ||||||
Le Saunda Holdings, Ltd. | 100,000 | 36,889 | ||||||
Lee’s Pharmaceutical Holdings, Ltd. (a) | 216,000 | 312,032 | ||||||
Loudong General Nice Resources China Holdings, Ltd. (b) | 1,143,000 | 86,981 | ||||||
Louis XIII Holdings, Ltd. (b) | 88,000 | 33,030 | ||||||
Luk Fook Holdings International, Ltd. | 190,000 | 529,340 | ||||||
Man Wah Holdings, Ltd. | 297,200 | 285,583 | ||||||
Mei Ah Entertainment Group, Ltd. (b) | 1,840,000 | 154,262 | ||||||
Mongolia Energy Corp., Ltd. (b) | 390,180 | 17,111 | ||||||
Pacific Basin Shipping, Ltd. (a) | 1,558,000 | 514,440 | ||||||
Pacific Textiles Holdings, Ltd. | 220,000 | 304,757 | ||||||
PAX Global Technology, Ltd. (b) | 381,000 | 398,541 | ||||||
Peace Mark (Holdings), Ltd. (b)(c) | 504,228 | 0 | ||||||
PetroAsian Energy Holdings, Ltd. (b) | 2,284,000 | 76,594 | ||||||
Phoenix Satellite Television Holdings, Ltd. | 1,028,000 | 326,179 | ||||||
Pico Far East Holdings, Ltd. (a) | 202,000 | 46,637 | ||||||
Playmates Toys, Ltd. | 272,000 | 66,307 | ||||||
Prosperity REIT | 581,000 | 211,326 | ||||||
Redefine International PLC | 206,783 | 180,345 | ||||||
Seamless Green China Holdings, Ltd. (b) | 200,000 | 6,320 | ||||||
Simsen International Corp., Ltd. | 344,000 | 151,744 | ||||||
Sino Oil And Gas Holdings, Ltd. (b) | 6,780,000 | 155,660 | ||||||
Sinolink Worldwide Holdings, Ltd. (b) | 690,000 | 54,288 | ||||||
Sparkle Roll Group, Ltd. (b) | 400,000 | 17,284 | ||||||
Spring Real Estate Investment Trust (a) | 253,000 | 119,761 | ||||||
Summit Ascent Holdings, Ltd. (a)(b) | 564,000 | 301,167 | ||||||
Sun Hung Kai & Co., Ltd. | 337,000 | 300,355 | ||||||
SUNeVision Holdings, Ltd. | 141,000 | 46,012 | ||||||
Sunlight Real Estate Investment Trust | 162,000 | 78,983 | ||||||
Superb Summit International Group, Ltd. (a)(b)(c) | 2,505,000 | 471,724 | ||||||
TCC International Holdings, Ltd. | 176,000 | 64,016 | ||||||
Texhong Textile Group, Ltd. (a) | 220,500 | 245,725 | ||||||
Tongda Group Holdings, Ltd. (a) | 1,060,000 | 161,330 |
See accompanying notes to financial statements.
214
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Town Health International Medical Group, Ltd. (a) | 1,880,000 | $ | 569,840 | |||||
Truly International Holdings, Ltd. (a) | 758,000 | 352,942 | ||||||
TSC Group Holdings, Ltd. (b) | 204,000 | 45,257 | ||||||
United Photovoltaics Group, Ltd. (a)(b) | 2,164,000 | 240,040 | ||||||
Value Partners Group, Ltd. | 479,000 | 451,627 | ||||||
Varitronix International, Ltd. | 106,000 | 72,052 | ||||||
Vitasoy International Holdings, Ltd. | 576,000 | 900,435 | ||||||
Viva China Holdings, Ltd. (b) | 1,808,000 | 184,227 | ||||||
VST Holdings, Ltd. | 122,000 | 43,745 | ||||||
Yanchang Petroleum International, Ltd. (b) | 4,380,000 | 163,832 | ||||||
Yuexiu Real Estate Investment Trust | 1,098,000 | 625,968 | ||||||
Zhongyu Gas Holdings, Ltd. (a)(b) | 774,000 | 229,613 | ||||||
20,017,320 | ||||||||
IRELAND — 0.8% | ||||||||
Aer Lingus Group PLC | 101,644 | 254,356 | ||||||
C&C Group PLC | 151,922 | 622,471 | ||||||
Dalata Hotel Group PLC (b) | 79,274 | 310,762 | ||||||
FBD Holdings PLC | 2,759 | 29,706 | ||||||
FleetMatics Group PLC (a)(b) | 15,609 | 700,064 | ||||||
Fly Leasing, Ltd. ADR | 18,080 | 263,245 | ||||||
Fyffes PLC | 150,415 | 191,432 | ||||||
Green REIT PLC | 312,285 | 548,705 | ||||||
Greencore Group PLC | 173,325 | 829,539 | ||||||
Hibernia REIT PLC | 222,346 | 279,395 | ||||||
IFG Group PLC | 15,068 | 30,586 | ||||||
Irish Continental Group PLC | 45,837 | 204,300 | ||||||
Kenmare Resources PLC (b) | 1,241,751 | 67,283 | ||||||
Origin Enterprises PLC | 13,567 | 118,753 | ||||||
Total Produce PLC | 136,295 | 163,946 | ||||||
Trinity Biotech PLC ADR (a) | 12,382 | 238,353 | ||||||
UDG Healthcare PLC | 114,225 | 801,205 | ||||||
5,654,101 | ||||||||
ISRAEL — 1.4% | ||||||||
Africa Israel Properties, Ltd. | 2,523 | 35,053 | ||||||
Africa-Israel Investments, Ltd. (b) | 33,432 | 29,534 | ||||||
Airport City, Ltd. (b) | 18,955 | 199,145 | ||||||
Allot Communications, Ltd. (b) | 10,580 | 92,878 | ||||||
Alony Hetz Properties & Investments, Ltd. | 33,766 | 260,588 | ||||||
Babylon, Ltd. | 13,236 | 6,730 | ||||||
Caesarstone Sdot-Yam, Ltd. (a) | 12,048 | 731,434 | ||||||
Cellcom Israel, Ltd. (b) | 32,625 | 157,764 | ||||||
ClickSoftware Technologies, Ltd. (a)(b) | 33,272 | 292,461 | ||||||
Compugen, Ltd. (b) | 29,703 | 216,011 | ||||||
Delta-Galil Industries, Ltd. | 5,629 | 167,311 | ||||||
Discount Investment Corp., Ltd. | 7,878 | 14,767 | ||||||
Electra, Ltd. | 315 | 36,952 | ||||||
Evogene, Ltd. (b) | 20,721 | 182,684 | ||||||
EZchip Semiconductor, Ltd. (b) | 17,261 | 331,226 | ||||||
Frutarom Industries, Ltd. | 18,186 | 680,483 | ||||||
Harel Insurance Investments & Financial Services, Ltd. | 41,848 | 195,207 | ||||||
IDI Insurance Co., Ltd. | 6,806 | 253,297 | ||||||
Israel Discount Bank, Ltd. (Class A) (b) | 443,602 | 750,733 | ||||||
Ituran Location and Control, Ltd. | 12,963 | 286,140 | ||||||
Jerusalem Oil Exploration (b) | 5,589 | 186,782 | ||||||
Matrix IT, Ltd. | 11,687 | 58,807 | ||||||
Migdal Insurance & Financial Holding, Ltd. | 248,163 | 307,154 | ||||||
Nitsba Holdings 1995, Ltd. (b) | 13,367 | 214,621 | ||||||
Nova Measuring Instruments, Ltd. (b) | 26,144 | 302,549 | ||||||
Oil Refineries, Ltd. (b) | 517,968 | 182,351 | ||||||
Orbotech, Ltd. (b) | 25,460 | 408,124 | ||||||
Partner Communications Co., Ltd. (b) | 54,982 | 152,778 | ||||||
Paz Oil Co., Ltd. | 3,194 | 467,048 | ||||||
RADWARE, Ltd. (a)(b) | 27,171 | 568,146 | ||||||
Rami Levy Chain Stores Hashikma Marketing 2006, Ltd. | 4,683 | 188,182 | ||||||
REIT 1, Ltd. | 118,489 | 363,509 | ||||||
Sarine Technologies, Ltd. | 112,000 | 222,906 | ||||||
Shikun & Binui, Ltd. | 75,838 | 168,069 | ||||||
Shufersal, Ltd. (b) | 59,785 | 134,117 | ||||||
SodaStream International, Ltd. (a)(b) | 11,424 | 231,450 | ||||||
Strauss Group, Ltd. (b) | 18,978 | 296,741 | ||||||
Tower Semiconductor, Ltd. (b) | 22,962 | 392,237 | ||||||
9,765,969 | ||||||||
ITALY — 1.7% | ||||||||
Amplifon SpA (a) | 189,528 | 1,289,508 | ||||||
Anima Holding SpA (b)(f) | 97,071 | 719,354 | ||||||
Astaldi SpA (a) | 114,569 | 969,611 | ||||||
Banca Carige SpA (b) | 2,950,988 | 226,609 | ||||||
Banca Popolare dell’Etruria e del Lazio SC (a)(b)(c) | 46,016 | 28,813 | ||||||
Banca Popolare di Sondrio Scarl | 183,318 | 837,148 | ||||||
Beni Stabili SpA (a) | 136,311 | 106,871 | ||||||
Brunello Cucinelli SpA (a) | 4,294 | 75,494 | ||||||
Cairo Communication SpA | 4,071 | 24,135 | ||||||
CIR-Compagnie Industriali Riunite SpA (b) | 49,252 | 57,393 | ||||||
Credito Emiliano SpA | 3,497 | 30,497 | ||||||
Credito Valtellinese SC (b) | 400,264 | 539,074 | ||||||
EI Towers SpA (b) | 17,561 | 935,104 | ||||||
Esprinet SpA | 43,800 | 395,146 | ||||||
Gruppo Editoriale L’Espresso SpA (a)(b) | 26,858 | 35,913 | ||||||
Immobiliare Grande Distribuzione SpA | 32,714 | 32,675 | ||||||
IMMSI SpA (b) | 456,993 | 318,045 | ||||||
Industria Macchine Automatiche SpA | 1,484 | 69,968 | ||||||
Interpump Group SpA | 101,917 | 1,656,112 | ||||||
Iren SpA | 187,098 | 256,404 | ||||||
Italmobiliare SpA Preference Shares | 13,721 | 291,043 | ||||||
Maire Tecnimont SpA (a)(b) | 16,740 | 46,637 | ||||||
MARR SpA | 5,016 | 85,926 | ||||||
Piaggio & C. SpA (a)(b) | 17,865 | 54,529 | ||||||
RCS MediaGroup SpA (a)(b) | 85,254 | 103,924 | ||||||
Reply SpA | 473 | 46,279 | ||||||
Safilo Group SpA (a)(b) | 6,656 | 104,655 | ||||||
Salini Impregilo SpA (b) | 22,741 | 97,988 | ||||||
Saras SpA (b) | 290,240 | 504,047 | ||||||
Societa Cattolica di Assicurazioni SCRL | 14,262 | 124,301 |
See accompanying notes to financial statements.
215
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Sorin SpA (a)(b) | 383,461 | $ | 1,173,735 | |||||
Yoox SpA (a)(b) | 27,854 | 770,316 | ||||||
12,007,254 | ||||||||
JAPAN — 33.9% | ||||||||
3-D Matrix, Ltd. (a)(b) | 8,300 | 70,525 | ||||||
Access Co., Ltd. (a)(b) | 6,600 | 48,375 | ||||||
Accordia Golf Co., Ltd. | 38,500 | 370,152 | ||||||
Achilles Corp. | 31,000 | 38,774 | ||||||
Adastria Holdings Co., Ltd. (a) | 25,710 | 711,755 | ||||||
ADEKA Corp. | 41,800 | 541,649 | ||||||
Aderans Co., Ltd. | 18,100 | 187,301 | ||||||
Advanced Media, Inc. (b) | 3,900 | 26,309 | ||||||
Adways, Inc. (a) | 8,100 | 65,989 | ||||||
AEON REIT Investment Corp. (a) | 375 | 538,462 | ||||||
Ahresty Corp. | 8,100 | 51,940 | ||||||
Ai Holdings Corp. | 20,600 | 376,872 | ||||||
Aica Kogyo Co., Ltd. | 25,900 | 604,711 | ||||||
Aichi Steel Corp. | 32,000 | 152,362 | ||||||
Ain Pharmaciez, Inc. | 15,400 | 610,607 | ||||||
Alpine Electronics, Inc. | 21,700 | 362,436 | ||||||
Amano Corp. | 30,600 | 366,664 | ||||||
Amiyaki Tei Co., Ltd. | 1,700 | 55,781 | ||||||
AnGes MG, Inc. (a)(b) | 48,400 | 101,300 | ||||||
Anritsu Corp. (a) | 64,300 | 449,845 | ||||||
AOKI Holdings, Inc. | 9,800 | 138,757 | ||||||
Aoyama Trading Co., Ltd. | 31,400 | 1,025,066 | ||||||
Arcs Co., Ltd. | 25,200 | 605,388 | ||||||
Arisawa Manufacturing Co., Ltd. | 13,100 | 112,512 | ||||||
Artnature, Inc. | 15,100 | 138,629 | ||||||
As One Corp. | 3,800 | 115,180 | ||||||
Asahi Diamond Industrial Co., Ltd. | 29,400 | 337,086 | ||||||
Asahi Holdings, Inc. | 49,573 | 850,295 | ||||||
Asahi Intecc Co., Ltd. | 11,400 | 798,499 | ||||||
Asatsu-DK, Inc. | 3,400 | 92,850 | ||||||
ASKA Pharmaceutical Co., Ltd. | 12,800 | 128,080 | ||||||
ASKUL Corp. (a) | 6,600 | 155,582 | ||||||
Asukanet Co., Ltd. (a) | 5,200 | 130,515 | ||||||
Ateam, Inc. (a) | 3,200 | 151,295 | ||||||
Autobacs Seven Co., Ltd. | 42,900 | 678,602 | ||||||
Avex Group Holdings, Inc. | 19,700 | 314,904 | ||||||
Awa Bank, Ltd. | 132,000 | 749,568 | ||||||
Azbil Corp. | 24,600 | 668,718 | ||||||
Bank of Iwate, Ltd. | 1,800 | 78,049 | ||||||
Bank of Nagoya, Ltd. (a) | 194,600 | 647,450 | ||||||
Bank of Okinawa, Ltd. | 45,800 | 1,924,803 | ||||||
Bank of the Ryukyus, Ltd. | 88,620 | 1,274,709 | ||||||
Best Denki Co., Ltd. | 249,269 | 299,310 | ||||||
Bic Camera, Inc. (a) | 62,500 | 651,449 | ||||||
Broadleaf Co., Ltd. | 14,600 | 285,852 | ||||||
Broccoli Co., Ltd. (a) | 18,000 | 94,409 | ||||||
Bunka Shutter Co., Ltd. | 41,000 | 339,829 | ||||||
C. Uyemura & Co., Ltd. | 1,400 | 69,577 | ||||||
Calsonic Kansei Corp. | 56,000 | 372,166 | ||||||
Capcom Co., Ltd. | 24,400 | 486,067 | ||||||
Central Glass Co., Ltd. | 320,345 | 1,514,577 | ||||||
Chiome Bioscience, Inc. (a)(b) | 6,600 | 53,273 | ||||||
Chiyoda Co., Ltd. | 19,300 | 435,648 | ||||||
Chiyoda Integre Co., Ltd. | 5,600 | 135,792 | ||||||
Chudenko Corp. | 4,600 | 89,833 | ||||||
Chugoku Marine Paints, Ltd. | 33,000 | 299,112 | ||||||
CKD Corp. | 4,000 | 37,557 | ||||||
Clarion Co., Ltd. (a) | 59,000 | 162,843 | ||||||
Coca-Cola West Co., Ltd. | 16,900 | 279,870 | ||||||
Cocokara fine, Inc. | 14,100 | 396,811 | ||||||
Colowide Co., Ltd. (a) | 29,000 | 396,823 | ||||||
Comforia Residential REIT, Inc. | 72 | 157,118 | ||||||
COOKPAD, Inc. (a) | 6,200 | 284,344 | ||||||
Cosmo Oil Co., Ltd. (a)(b) | 343,000 | 463,340 | ||||||
CROOZ, Inc. (a) | 2,300 | 53,067 | ||||||
CYBERDYNE, Inc. (a)(b) | 9,400 | 245,729 | ||||||
D.Western Therapeutics Institute, Inc. (b) | 9,300 | 60,410 | ||||||
Daibiru Corp. | 5,600 | 57,903 | ||||||
Daido Metal Co., Ltd. | 27,300 | 284,780 | ||||||
Daido Steel Co., Ltd. | 153,000 | 686,379 | ||||||
Daifuku Co., Ltd. | 47,000 | 622,356 | ||||||
Daihen Corp. | 48,000 | 236,548 | ||||||
DAIICHI CHUO KISEN KAISHA (a)(b) | 335,834 | 117,615 | ||||||
Daiichikosho Co., Ltd. | 19,600 | 609,614 | ||||||
Daikyo, Inc. | 107,000 | 161,493 | ||||||
Daio Paper Corp. | 47,000 | 403,669 | ||||||
Daiseki Co., Ltd. | 5,700 | 103,092 | ||||||
Daishi Bank, Ltd. | 181,000 | 638,424 | ||||||
Daishinku Corp. | 9,000 | 24,390 | ||||||
Daito Bank, Ltd. | 41,000 | 55,726 | ||||||
Daito Pharmaceutical Co., Ltd. | 2,970 | 58,744 | ||||||
Daiwa House REIT Investment Corp. (a) | 132 | 578,962 | ||||||
Daiwahouse Residential Investment Corp. (a) | 257 | 562,325 | ||||||
DCM Holdings Co., Ltd. | 75,493 | 566,552 | ||||||
Dena Co., Ltd. (a) | 47,200 | 925,305 | ||||||
Denki Kagaku Kogyo Kabushiki Kaisha | 167,000 | 660,063 | ||||||
Denyo Co., Ltd. | 3,800 | 56,846 | ||||||
Digital Garage, Inc. | 17,300 | 265,721 | ||||||
DMG Mori Seiki Co., Ltd. | 48,300 | 743,480 | ||||||
Doutor Nichires Holdings Co., Ltd. | 77,372 | 1,297,437 | ||||||
DTS Corp. | 53,662 | 1,029,165 | ||||||
Dunlop Sports Co., Ltd. | 2,600 | 26,298 | ||||||
Duskin Co., Ltd. (a) | 6,400 | 111,003 | ||||||
Dynam Japan Holdings Co., Ltd. | 106,000 | 205,627 | ||||||
Eagle Industry Co., Ltd. | 13,700 | 277,941 | ||||||
Earth Chemical Co., Ltd. | 800 | 27,651 | ||||||
EDION Corp. (a) | 107,900 | 813,355 | ||||||
Ehime Bank, Ltd. (a) | 651,200 | 1,303,215 | ||||||
Eidai Co., Ltd. | 14,000 | 52,066 | ||||||
Eighteenth Bank, Ltd. | 671,730 | 2,044,457 | ||||||
Eizo Corp. (a) | 5,900 | 129,291 | ||||||
Elecom Co., Ltd. (a) | 4,300 | 89,460 | ||||||
Eneres Co., Ltd. (a)(b) | 13,000 | 39,783 | ||||||
Enplas Corp. | 5,300 | 213,237 | ||||||
EPS Holdings, Inc. | 2,900 | 34,314 | ||||||
Euglena Co., Ltd. (a)(b) | 33,500 | 551,978 | ||||||
Exedy Corp. | 7,000 | 167,113 | ||||||
F@N Communications, Inc. (a) | 14,500 | 123,448 | ||||||
FCC Co., Ltd. (a) | 82,528 | 1,291,683 | ||||||
Feed One Holdings Co., Ltd. | 49,400 | 46,959 |
See accompanying notes to financial statements.
216
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Ferrotec Corp. | 10,400 | $ | 60,878 | |||||
Fields Corp. (a) | 3,500 | 53,379 | ||||||
FP Corp. (a) | 11,100 | 403,552 | ||||||
Fudo Tetra Corp. | 85,800 | 170,276 | ||||||
Fuji Kyuko Co., Ltd. (a) | 27,000 | 254,634 | ||||||
Fuji Machine Manufacturing Co., Ltd. | 40,800 | 465,411 | ||||||
Fuji Oil Co., Ltd. | 42,900 | 684,683 | ||||||
Fuji Pharma Co., Ltd. | 3,500 | 66,045 | ||||||
Fuji Seal International, Inc. | 8,900 | 247,872 | ||||||
Fujibo Holdings, Inc. | 72,000 | 179,512 | ||||||
Fujikura, Ltd. | 132,000 | 580,063 | ||||||
Fujimori Kogyo Co., Ltd. | 7,500 | 222,639 | ||||||
Fujitec Co., Ltd. | 37,800 | 370,041 | ||||||
Fujitsu General, Ltd. | 29,000 | 381,105 | ||||||
Fukuda Corp. | 20,000 | 128,414 | ||||||
Fukuda Denshi Co., Ltd. | 4,900 | 276,615 | ||||||
Fukuoka REIT Corp. | 1,252 | 2,338,528 | ||||||
Fukuyama Transporting Co., Ltd. (a) | 97,000 | 517,657 | ||||||
Furukawa Co., Ltd. | 167,387 | 295,902 | ||||||
Furukawa Electric Co., Ltd. (a) | 350,000 | 592,454 | ||||||
Furuya Metal Co., Ltd. | 1,100 | 24,857 | ||||||
Fuso Pharmaceutical Industries, Ltd. | 22,000 | 57,052 | ||||||
Futaba Corp. | 12,900 | 208,143 | ||||||
Fuyo General Lease Co., Ltd. | 9,600 | 386,642 | ||||||
Global One Real Estate Investment Corp. | 52 | 179,512 | ||||||
GLOBERIDE, Inc. | 68,000 | 108,868 | ||||||
GMO Internet, Inc. | 31,000 | 382,055 | ||||||
GMO Payment Gateway, Inc. | 6,200 | 147,032 | ||||||
GNI Group, Ltd. (a)(b) | 46,000 | 105,099 | ||||||
Gree, Inc. (a) | 48,000 | 334,209 | ||||||
Gulliver International Co., Ltd. (a) | 30,400 | 250,957 | ||||||
Gurunavi, Inc. | 13,000 | 254,309 | ||||||
Hankyu REIT, Inc. | 85 | 107,380 | ||||||
Hanwa Co., Ltd. | 88,000 | 358,090 | ||||||
Happinet Corp. (a) | 3,700 | 44,119 | ||||||
Harmonic Drive Systems, Inc. (a) | 16,200 | 357,974 | ||||||
Hazama Ando Corp. | 95,200 | 545,361 | ||||||
Hearts United Group Co., Ltd. (a) | 1,300 | 20,488 | ||||||
Heiwa Real Estate Co., Ltd. | 15,600 | 219,577 | ||||||
Heiwa Real Estate REIT, Inc. | 190 | 151,778 | ||||||
Heiwado Co., Ltd. | 19,300 | 442,890 | ||||||
HI-LEX CORP. | 6,800 | 206,679 | ||||||
Hibiya Engineering, Ltd. | 7,500 | 99,250 | ||||||
Higo Bank, Ltd. | 110,000 | 676,006 | ||||||
Hirano Tecseed Co., Ltd. | 2,900 | 21,232 | ||||||
HIS Co., Ltd. | 15,600 | 550,244 | ||||||
Hitachi Kokusai Electric, Inc. | 20,372 | 273,835 | ||||||
Hitachi Maxell, Ltd. | 11,800 | 204,464 | ||||||
Hitachi Transport System, Ltd. | 9,600 | 145,451 | ||||||
Hitachi Zosen Corp. | 158,600 | 819,946 | ||||||
Hogy Medical Co., Ltd. (a) | 2,300 | 113,154 | ||||||
Hokkaido Electric Power Co., Inc. (b) | 97,900 | 771,445 | ||||||
Hokkaido Gas Co., Ltd. (a) | 12,000 | 28,418 | ||||||
Hokkoku Bank, Ltd. | 152,000 | 531,065 | ||||||
Hokuetsu Bank, Ltd. | 954,000 | 1,861,463 | ||||||
Hokuetsu Kishu Paper Co., Ltd. (a) | 22,000 | 98,695 | ||||||
Hokuriku Electric Industry Co., Ltd. | 33,000 | 53,934 | ||||||
Horiba, Ltd. | 18,613 | 713,169 | ||||||
Hoshino Resorts REIT, Inc. | 27 | 331,407 | ||||||
Hosiden Corp. (a) | 122,100 | 675,024 | ||||||
House Foods Group, Inc. | 32,000 | 672,420 | ||||||
Hulic Reit, Inc. | 235 | 361,538 | ||||||
Hyakujushi Bank, Ltd. | 158,000 | 523,044 | ||||||
IBJ Leasing Co., Ltd. | 13,000 | 269,377 | ||||||
Ichigo Group Holdings Co., Ltd. (a) | 17,100 | 44,773 | ||||||
Ichigo Real Estate Investment Corp. | 418 | 338,443 | ||||||
Iino Kaiun Kaisha, Ltd. | 114,880 | 609,245 | ||||||
Imasen Electric Industrial | 9,500 | 112,725 | ||||||
Imperial Hotel, Ltd. | 11,000 | 234,355 | ||||||
Inaba Denki Sangyo Co., Ltd. | 3,000 | 108,818 | ||||||
Inabata & Co., Ltd. | 3,400 | 33,965 | ||||||
Industrial & Infrastructure Fund Investment Corp. | 151 | 703,848 | ||||||
Infomart Corp. | 22,300 | 204,730 | ||||||
Intage Holdings, Inc. | 4,000 | 68,876 | ||||||
Internet Initiative Japan, Inc. (a) | 16,200 | 268,953 | ||||||
Invincible Investment Corp. | 1,218 | 624,615 | ||||||
Iriso Electronics Co., Ltd. | 3,300 | 231,695 | ||||||
Iseki & Co., Ltd. (a) | 56,000 | 107,400 | ||||||
Ishihara Sangyo Kaisha, Ltd. (b) | 84,000 | 81,251 | ||||||
IT Holdings Corp. | 40,208 | 735,261 | ||||||
Itfor, Inc. | 13,100 | 50,903 | ||||||
Itoham Foods, Inc. (a) | 60,000 | 331,707 | ||||||
Itoki Corp. | 28,600 | 182,439 | ||||||
Iwasaki Electric Co., Ltd. | 27,000 | 51,332 | ||||||
Iwatani Corp. | 132,000 | 867,342 | ||||||
J Trust Co., Ltd. | 40,800 | 351,780 | ||||||
Jaccs Co., Ltd. | 75,000 | 393,371 | ||||||
Jafco Co., Ltd. | 13,700 | 510,644 | ||||||
Japan Asset Marketing Co., Ltd. (a)(b) | 55,700 | 78,029 | ||||||
Japan Cash Machine Co., Ltd. (a) | 3,200 | 46,376 | ||||||
Japan Communications, Inc. (a)(b) | 60,500 | 250,223 | ||||||
Japan Digital Laboratory Co., Ltd. | 4,000 | 52,766 | ||||||
Japan Excellent, Inc. | 693 | 905,508 | ||||||
Japan Hotel REIT Investment Corp. | 1,347 | 959,215 | ||||||
Japan Logistics Fund, Inc. | 896 | 1,862,604 | ||||||
Japan Pile Corp. (a) | 6,600 | 37,699 | ||||||
Japan Rental Housing Investments, Inc. (a) | 48 | 35,062 | ||||||
Japan Securities Finance Co., Ltd. | 25,800 | 163,287 | ||||||
Japan Steel Works, Ltd. (a) | 161,000 | 677,965 | ||||||
Japan Tissue Engineering Co., Ltd. (b) | 2,800 | 30,329 | ||||||
Japan Wind Development Co., Ltd. (b) | 7,700 | 37,047 | ||||||
JCR Pharmaceuticals Co., Ltd. (a) | 3,800 | 79,628 | ||||||
Jeol, Ltd. | 41,000 | 215,726 | ||||||
Jin Co., Ltd. (a) | 6,600 | 229,218 | ||||||
Juki Corp. (a) | 162,332 | 531,970 | ||||||
Juroku Bank, Ltd. | 83,000 | 305,216 | ||||||
Justsystems Corp. (b) | 7,700 | 47,385 | ||||||
JVC Kenwood Corp. | 77,700 | 239,077 | ||||||
K’s Holdings Corp. (a) | 22,600 | 732,133 | ||||||
Kadokawa Dwango | 23,400 | 367,610 | ||||||
Kaga Electronics Co., Ltd. | 6,400 | 78,182 | ||||||
Kagome Co., Ltd. (a) | 17,000 | 264,515 | ||||||
Kagoshima Bank, Ltd. | 51,000 | 347,442 | ||||||
Kanamoto Co., Ltd. | 17,600 | 507,784 |
See accompanying notes to financial statements.
217
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Kandenko Co., Ltd. | 25,000 | $ | 145,299 | |||||
Kanematsu Corp. | 569,498 | 831,037 | ||||||
Kasai Kogyo Co., Ltd. | 8,000 | 65,107 | ||||||
Katakura Industries Co., Ltd. (a) | 77,074 | 789,860 | ||||||
Kato Sangyo Co., Ltd. | 15,300 | 318,056 | ||||||
KAWADA TECHNOLOGIES, Inc. (a) | 1,300 | 41,463 | ||||||
Kawai Musical Instruments Manufacturing Co., Ltd. (a) | 9,300 | 183,169 | ||||||
Keihin Corp. | 13,500 | 207,242 | ||||||
Keiyo Bank, Ltd. | 147,000 | 853,133 | ||||||
Kenedix Office Investment Corp. | 136 | 746,200 | ||||||
Kenedix Residential Investment Corp. | 72 | 223,640 | ||||||
Kenedix, Inc. (a) | 104,400 | 426,567 | ||||||
Kintetsu World Express, Inc. | 3,000 | 135,084 | ||||||
Kissei Pharmaceutical Co., Ltd. | 7,900 | 247,029 | ||||||
Kitano Construction Corp. | 15,000 | 42,402 | ||||||
Kito Corp. (a) | 15,700 | 159,716 | ||||||
Kitz Corp. | 183,100 | 906,912 | ||||||
Kiyo Bank, Ltd. | 98,760 | 1,379,387 | ||||||
KLab, Inc. (a)(b) | 16,200 | 186,417 | ||||||
Komeri Co., Ltd. | 10,300 | 243,146 | ||||||
Komori Corp. (a) | 74,136 | 946,443 | ||||||
Kumagai Gumi Co., Ltd. (b) | 171,000 | 534,709 | ||||||
Kurabo Industries, Ltd. | 664,600 | 1,169,319 | ||||||
Kureha Corp. | 35,000 | 150,594 | ||||||
Kuroda Electric Co., Ltd. | 6,500 | 104,173 | ||||||
Kusuri No Aoki Co., Ltd. | 1,800 | 135,535 | ||||||
KYB Co., Ltd. | 235,832 | 865,258 | ||||||
Kyoei Steel, Ltd. | 4,000 | 67,676 | ||||||
Kyokuto Kaihatsu Kogyo Co., Ltd. | 16,500 | 187,255 | ||||||
Kyokuyo Co., Ltd. | 22,000 | 52,099 | ||||||
KYORIN Holdings, Inc. | 31,000 | 742,914 | ||||||
Kyosan Electric Manufacturing Co., Ltd. | 12,000 | 38,024 | ||||||
Kyowa Exeo Corp. | 68,080 | 731,750 | ||||||
Kyudenko Corp. | 18,000 | 196,923 | ||||||
Lasertec Corp. | 4,900 | 62,800 | ||||||
Leopalace21 Corp. (b) | 130,200 | 682,892 | ||||||
Life Corp. | 14,300 | 250,287 | ||||||
Lintec Corp. | 13,400 | 319,790 | ||||||
Lion Corp. | 110,000 | 671,420 | ||||||
Maeda Corp. (a) | 74,000 | 538,070 | ||||||
Maeda Road Construction Co., Ltd. | 16,000 | 260,029 | ||||||
Makino Milling Machine Co., Ltd. | 111,000 | 945,941 | ||||||
Mandom Corp. | 8,800 | 322,502 | ||||||
Mani, Inc. | 4,000 | 290,181 | ||||||
Marudai Food Co., Ltd. | 521,656 | 1,774,740 | ||||||
Maruha Nichiro Corp. (a) | 34,920 | 493,262 | ||||||
Marusan Securities Co., Ltd. | 102,038 | 1,046,544 | ||||||
Maruwa Co., Ltd. | 1,900 | 45,122 | ||||||
Marvelous, Inc. (a) | 19,900 | 278,608 | ||||||
Matsumotokiyoshi Holdings Co., Ltd. | 22,100 | 788,726 | ||||||
Matsuya Co., Ltd. | 28,400 | 432,187 | ||||||
Medinet Co., Ltd. (a)(b) | 14,600 | 29,583 | ||||||
Megmilk Snow Brand Co., Ltd. | 5,600 | 67,476 | ||||||
Meidensha Corp. | 133,000 | 430,302 | ||||||
Meitec Corp. | 13,200 | 443,027 | ||||||
Melco Holdings, Inc. (a) | 4,000 | 75,347 | ||||||
Message Co., Ltd. (a) | 3,500 | 105,795 | ||||||
Michinoku Bank, Ltd. | 648,200 | 1,102,629 | ||||||
Micronics Japan Co., Ltd. (a) | 8,400 | 245,153 | ||||||
MID Reit, Inc. | 39 | 94,569 | ||||||
Minato Bank, Ltd. | 647,800 | 1,501,675 | ||||||
Mirait Holdings Corp. | 43,260 | 484,815 | ||||||
Mitani Corp. | 4,400 | 95,063 | ||||||
Mitsuba Corp. | 18,800 | 416,367 | ||||||
Mitsubishi Kakoki Kaisha, Ltd. (a) | 16,000 | 55,635 | ||||||
Mitsubishi Nichiyu Forklift Co., Ltd. | 10,900 | 61,624 | ||||||
Mitsubishi Pencil Co., Ltd. | 14,900 | 553,508 | ||||||
Mitsubishi Shokuhin Co., Ltd. | 1,200 | 25,176 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd. | 300,000 | 512,821 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 258,000 | 589,468 | ||||||
Mitsui Sugar Co., Ltd. | 11,000 | 38,708 | ||||||
Mitsui-Soko Holdings Co., Ltd. | 242,000 | 815,243 | ||||||
Mitsumi Electric Co., Ltd. | 57,100 | 425,185 | ||||||
Miura Co., Ltd. (a) | 49,700 | 561,132 | ||||||
Miyaji Engineering Group, Inc. | 26,000 | 42,276 | ||||||
Miyazaki Bank, Ltd. | 629,800 | 2,399,988 | ||||||
Miyoshi Oil & Fat Co., Ltd. | 30,000 | 34,772 | ||||||
Mizuno Corp. | 39,000 | 203,577 | ||||||
Mochida Pharmaceutical Co., Ltd. | 3,100 | 203,952 | ||||||
Modec, Inc. (a) | 9,000 | 141,764 | ||||||
Monex Group, Inc. | 94,400 | 252,678 | ||||||
Monogatari Corp. | 1,400 | 46,229 | ||||||
MonotaRO Co., Ltd. (a) | 13,500 | 490,807 | ||||||
Morinaga & Co., Ltd. | 98,000 | 344,849 | ||||||
Morinaga Milk Industry Co., Ltd. | 97,000 | 368,831 | ||||||
Morita Holdings Corp. | 21,500 | 202,047 | ||||||
MOS Food Services, Inc. (a) | 4,700 | 99,898 | ||||||
Moshi Moshi Hotline, Inc. | 23,300 | 254,712 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 6,100 | 129,299 | ||||||
Musashino Bank, Ltd. | 33,580 | 1,129,834 | ||||||
Mutoh Holdings Co., Ltd. (a) | 20,000 | 72,379 | ||||||
Nachi-Fujikoshi Corp. | 84,000 | 460,888 | ||||||
Nagase & Co., Ltd. | 61,000 | 800,108 | ||||||
Nakanishi, Inc. | 26,180 | 1,022,750 | ||||||
Namura Shipbuilding Co., Ltd. | 18,800 | 177,928 | ||||||
NanoCarrier Co., Ltd. (b) | 10,800 | 105,366 | ||||||
Nanto Bank, Ltd. | 134,000 | 465,941 | ||||||
NEC Networks & System Integration Corp. | 3,700 | 74,602 | ||||||
NET One Systems Co., Ltd. (a) | 120,700 | 825,299 | ||||||
Neturen Co., Ltd. | 136,483 | 1,012,882 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 26,300 | 607,033 | ||||||
Nichias Corp. | 12,000 | 69,343 | ||||||
Nichicon Corp. | 11,000 | 103,006 | ||||||
Nichii Gakkan Co. | 6,700 | 59,109 | ||||||
Nichirei Corp. | 157,000 | 882,368 | ||||||
Nichireki Co., Ltd. | 13,000 | 113,821 | ||||||
Nifco, Inc. | 20,900 | 722,372 | ||||||
Nihon Dempa Kogyo Co., Ltd. | 25,900 | 227,199 | ||||||
Nihon M&A Center, Inc. | 16,000 | 553,679 | ||||||
Nihon Nohyaku Co., Ltd. | 11,800 | 118,369 | ||||||
Nihon Parkerizing Co., Ltd. | 42,800 | 519,275 | ||||||
Nihon Trim Co., Ltd. (a) | 1,500 | 38,899 | ||||||
Nihon Unisys, Ltd. | 10,800 | 102,664 |
See accompanying notes to financial statements.
218
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Nikkiso Co., Ltd. | 65,240 | $ | 584,807 | |||||
Nippon Accommodations Fund, Inc. | 215 | 817,511 | ||||||
Nippon Beet Sugar Manufacturing Co., Ltd. | 33,000 | 54,484 | ||||||
Nippon Carbon Co., Ltd. | 248,712 | 777,711 | ||||||
Nippon Chemi-Con Corp. (b) | 69,000 | 203,677 | ||||||
Nippon Chemiphar Co., Ltd. | 13,000 | 63,631 | ||||||
Nippon Coke & Engineering Co., Ltd. | 36,600 | 34,792 | ||||||
Nippon Concrete Industries Co., Ltd. (a) | 32,100 | 128,480 | ||||||
Nippon Densetsu Kogyo Co., Ltd. | 23,900 | 356,731 | ||||||
Nippon Flour Mills Co., Ltd. | 54,000 | 267,467 | ||||||
Nippon Gas Co., Ltd. | 31,400 | 777,636 | ||||||
Nippon Koei Co., Ltd. | 17,000 | 67,901 | ||||||
Nippon Konpo Unyu Soko Co., Ltd. | 134,880 | 2,368,624 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 241,500 | 358,449 | ||||||
Nippon Paper Industries Co., Ltd. (a) | 54,700 | 823,750 | ||||||
Nippon Parking Development Co., Ltd. | 43,500 | 62,752 | ||||||
Nippon Seiki Co., Ltd. | 55,200 | 1,089,961 | ||||||
Nippon Sheet Glass Co., Ltd. (b) | 428,000 | �� | 421,130 | |||||
Nippon Shinyaku Co., Ltd. | 26,000 | 948,509 | ||||||
Nippon Signal Co., Ltd. | 32,300 | 316,199 | ||||||
Nippon Soda Co., Ltd. | 64,000 | 372,499 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 36,000 | 124,578 | ||||||
Nippon Suisan Kaisha, Ltd. | 123,199 | 374,965 | ||||||
Nippon Thompson Co., Ltd. | 148,600 | 734,791 | ||||||
Nippon Yakin Kogyo Co., Ltd. (a)(b) | 78,500 | 155,134 | ||||||
Nipro Corp. | 49,300 | 470,698 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 156,000 | 716,748 | ||||||
Nishimatsu Construction Co., Ltd. (a) | 132,000 | 468,893 | ||||||
Nishimatsuya Chain Co., Ltd. | 23,953 | 211,517 | ||||||
Nishio Rent All Co., Ltd. | 7,000 | 201,668 | ||||||
Nissha Printing Co., Ltd. (a) | 24,100 | 441,105 | ||||||
Nisshin Steel Co., Ltd. (a) | 53,500 | 670,507 | ||||||
Nisshinbo Holdings, Inc. | 62,000 | 596,089 | ||||||
Nissin Electric Co., Ltd. | 8,000 | 48,097 | ||||||
Nissin Kogyo Co., Ltd. | 13,600 | 216,375 | ||||||
Nitto Boseki Co., Ltd. | 142,153 | 553,558 | ||||||
Nitto Kogyo Corp. | 8,500 | 158,482 | ||||||
NOF Corp. | 244,600 | 1,819,330 | ||||||
Nohmi Bosai, Ltd. | 17,100 | 211,460 | ||||||
Nomura Real Estate Office Fund, Inc. | 184 | 894,492 | ||||||
Nomura Real Estate Residential Fund, Inc. | 35 | 194,663 | ||||||
Noritsu Koki Co., Ltd. | 9,800 | 56,876 | ||||||
Noritz Corp. | 4,700 | 77,285 | ||||||
North Pacific Bank, Ltd. | 150,400 | 569,369 | ||||||
NS United Kaiun Kaisha, Ltd. (a) | 19,000 | 46,262 | ||||||
NSD Co., Ltd. | 19,800 | 292,398 | ||||||
Nuflare Technology, Inc. | 1,000 | 44,528 | ||||||
Obara Group, Inc. (a) | 3,500 | 198,457 | ||||||
Ogaki Kyoritsu Bank, Ltd. | 19,000 | 60,204 | ||||||
Ohsho Food Service Corp. | 6,800 | 242,969 | ||||||
Oiles Corp. | 10,900 | 213,046 | ||||||
Oita Bank, Ltd. | 347,800 | 1,354,368 | ||||||
Okabe Co., Ltd. | 21,400 | 197,895 | ||||||
Okamura Corp. | 59,000 | 475,247 | ||||||
Okasan Securities Group, Inc. | 88,682 | 706,202 | ||||||
Oki Electric Industry Co., Ltd. | 535,000 | 1,110,819 | ||||||
Okinawa Electric Power Co., Inc. | 2,000 | 72,462 | ||||||
OKUMA Corp. | 68,000 | 632,795 | ||||||
Okumura Corp. | 84,000 | 393,646 | ||||||
OncoTherapy Science, Inc. (a)(b) | 21,500 | 67,409 | ||||||
Onward Holdings Co., Ltd. (a) | 17,000 | 118,791 | ||||||
Orient Corp. (b) | 203,900 | 331,545 | ||||||
OSAKA Titanium Technologies Co., Ltd. (a) | 8,500 | 180,454 | ||||||
Osaki Electric Co., Ltd. (a) | 9,000 | 59,362 | ||||||
OSG Corp. | 47,840 | 933,463 | ||||||
Pacific Industrial Co., Ltd. (a) | 30,000 | 245,904 | ||||||
Pacific Metals Co., Ltd. (a)(b) | 74,000 | 201,776 | ||||||
Pal Co., Ltd. | 5,700 | 162,552 | ||||||
Paramount Bed Holdings Co., Ltd. | 5,600 | 148,259 | ||||||
Penta-Ocean Construction Co., Ltd. (a) | 119,100 | 435,980 | ||||||
PeptiDream, Inc. (a)(b) | 3,900 | 289,431 | ||||||
Pilot Corp. | 9,300 | 525,003 | ||||||
Piolax, Inc. | 5,300 | 216,110 | ||||||
Pioneer Corp. (b) | 170,700 | 311,722 | ||||||
Poletowin Pitcrew Holdings, Inc. | 2,800 | 23,815 | ||||||
Premier Investment Corp. | 352 | 2,028,201 | ||||||
Raito Kogyo Co., Ltd. | 15,200 | 124,591 | ||||||
Relo Holdings, Inc. | 5,900 | 523,460 | ||||||
Rengo Co., Ltd. | 219,000 | 929,506 | ||||||
ReproCELL, Inc. (a)(b) | 21,700 | 125,939 | ||||||
Riso Kagaku Corp. | 9,200 | 151,895 | ||||||
Rohto Pharmaceutical Co., Ltd. | 47,800 | 680,779 | ||||||
Roland DG Corp. | 4,400 | 119,241 | ||||||
Round One Corp. | 22,800 | 129,471 | ||||||
Ryobi, Ltd. | 37,000 | 108,910 | ||||||
Ryosan Co., Ltd. | 3,500 | 86,154 | ||||||
Sagami Chain Co., Ltd. | 21,000 | 217,836 | ||||||
Saibu Gas Co., Ltd. | 128,000 | 288,180 | ||||||
Sakai Chemical Industry Co., Ltd. | 274,765 | 895,836 | ||||||
San-A Co., Ltd. | 10,200 | 387,842 | ||||||
San-Ai Oil Co., Ltd. | 17,000 | 110,427 | ||||||
San-In Godo Bank, Ltd. | 11,000 | 90,898 | ||||||
Sanden Corp. | 56,000 | 250,757 | ||||||
Sangetsu Co., Ltd. | 17,000 | 257,569 | ||||||
Sanix, Inc. (a)(b) | 10,700 | 33,726 | ||||||
Sanken Electric Co., Ltd. (a) | 68,000 | 471,762 | ||||||
Sankyo Tateyama, Inc. | 4,400 | 85,157 | ||||||
Sankyu, Inc. | 143,000 | 623,631 | ||||||
Sanwa Holdings Corp. | 90,100 | 670,162 | ||||||
Sanyo Shokai, Ltd. | 214,000 | 551,395 | ||||||
Sanyo Special Steel Co., Ltd. | 231,937 | 974,745 | ||||||
Sapporo Holdings, Ltd. (a) | 238,000 | 944,657 | ||||||
Sato Holdings Corp. | 42,440 | 964,344 | ||||||
SCREEN Holdings Co., Ltd. | 176,000 | 1,335,501 | ||||||
Seika Corp. | 22,000 | 60,171 | ||||||
Seikagaku Corp. | 21,300 | 406,019 | ||||||
Seiko Holdings Corp. (a) | 59,000 | 298,136 | ||||||
Seino Holdings Co., Ltd. | 66,100 | 718,185 | ||||||
Seiren Co., Ltd. | 138,780 | 1,244,015 | ||||||
Sekisui House SI Residential Investment Corp. | 277 | 299,578 | ||||||
Senko Co., Ltd. (a) | 42,000 | 273,171 | ||||||
Senshu Ikeda Holdings, Inc. | 106,460 | 506,889 | ||||||
Senshukai Co., Ltd. (a) | 17,800 | 129,131 |
See accompanying notes to financial statements.
219
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Septeni Holdings Co., Ltd. | 6,900 | $ | 57,824 | |||||
Seria Co., Ltd. | 7,800 | 282,276 | ||||||
Shibuya Kogyo Co., Ltd. | 11,000 | 213,442 | ||||||
Shiga Bank, Ltd. | 135,000 | 675,422 | ||||||
Shima Seiki Manufacturing, Ltd. | 54,045 | 923,846 | ||||||
Shimachu Co., Ltd. | 41,960 | 1,109,137 | ||||||
Shindengen Electric Manufacturing Co., Ltd. | 41,000 | 205,128 | ||||||
Shinkawa, Ltd. (b) | 9,200 | 58,533 | ||||||
Shinkin Central Bank (Class A) Preference Shares | 365 | 728,022 | ||||||
Shinko Electric Industries Co., Ltd. | 27,200 | 194,148 | ||||||
Shinmaywa Industries, Ltd. | 26,000 | 276,423 | ||||||
Shinsho Corp. | 40,000 | 86,387 | ||||||
Ship Healthcare Holdings, Inc. | 14,400 | 329,126 | ||||||
SHO-BOND Holdings Co., Ltd. | 11,300 | 497,511 | ||||||
Shochiku Co., Ltd. | 315,600 | 2,968,495 | ||||||
Showa Aircraft Industry Co., Ltd. | 7,000 | 68,585 | ||||||
Showa Corp. | 23,200 | 234,853 | ||||||
Showa Denko KK | 551,000 | 702,964 | ||||||
SIA Reit, Inc. | 48 | 187,517 | ||||||
Sinanen Co., Ltd. | 14,000 | 53,233 | ||||||
Sinfonia Technology Co., Ltd. (a) | 337,400 | 599,260 | ||||||
SK Kaken Co., Ltd. | 4,000 | 326,537 | ||||||
SMK Corp. (a) | 132,343 | 574,949 | ||||||
SMS Co., Ltd. | 9,200 | 123,664 | ||||||
Sodick Co., Ltd. (a) | 24,800 | 271,937 | ||||||
Sogo Medical Co., Ltd. | 2,200 | 62,005 | ||||||
Sosei Group Corp. (a)(b) | 6,000 | 151,345 | ||||||
Sotetsu Holdings, Inc. | 193,000 | 896,402 | ||||||
Star Micronics Co., Ltd. | 18,900 | 265,396 | ||||||
Starts Corp., Inc. | 14,400 | 219,377 | ||||||
Starts Proceed Investment Corp. | 68 | 119,471 | ||||||
Sumitomo Bakelite Co., Ltd. | 54,000 | 240,901 | ||||||
Sumitomo Forestry Co., Ltd. | 90,800 | 994,125 | ||||||
Sumitomo Mitsui Construction Co., Ltd. (a) | 375,400 | 519,628 | ||||||
Sumitomo Osaka Cement Co., Ltd. | 191,793 | 590,132 | ||||||
Sumitomo Real Estate Sales Co., Ltd. | 3,700 | 100,734 | ||||||
Sumitomo Seika Chemicals Co., Ltd. | 12,000 | 85,654 | ||||||
Sumitomo Warehouse Co., Ltd. | 48,000 | 266,166 | ||||||
Sun Corp. | 10,000 | 137,169 | ||||||
Sun Frontier Fudousan Co., Ltd. (a) | 5,800 | 53,490 | ||||||
SWCC Showa Holdings Co., Ltd. (a) | 45,000 | 34,897 | ||||||
T RAD Co., Ltd. | 15,000 | 32,020 | ||||||
Tabuchi Electric Co., Ltd. (a) | 16,500 | 188,768 | ||||||
Tachi-S Co., Ltd. (a) | 19,200 | 269,609 | ||||||
Taikisha, Ltd. | 6,000 | 149,593 | ||||||
Taiko Pharmaceutical Co., Ltd. | 4,200 | 67,627 | ||||||
Taiyo Holdings Co., Ltd. | 4,600 | 162,060 | ||||||
Taiyo Yuden Co., Ltd. | 61,200 | 894,079 | ||||||
Takaoka Toko Co., Ltd. | 1,900 | 25,872 | ||||||
Takara Bio, Inc. (a) | 23,800 | 272,482 | ||||||
Takara Holdings, Inc. | 90,600 | 657,261 | ||||||
Takara Standard Co., Ltd. | 53,000 | 449,014 | ||||||
Takasago International Corp. | 265,694 | 1,207,448 | ||||||
Takasago Thermal Engineering Co., Ltd. | 33,000 | 412,758 | ||||||
Takashima & Co., Ltd. | 36,000 | 79,850 | ||||||
Takata Corp. (a) | 16,100 | 176,674 | ||||||
Takeuchi Manufacturing Co., Ltd. | 7,000 | 317,532 | ||||||
Takuma Co., Ltd. | 34,000 | 267,067 | ||||||
Tamron Co., Ltd. | 5,400 | 116,488 | ||||||
Tamura Corp. (a) | 49,000 | 180,596 | ||||||
Tanseisha Co., Ltd. (a) | 14,600 | 104,942 | ||||||
Teikoku Electric Manufacturing Co., Ltd. | 3,600 | 34,432 | ||||||
Teikoku Sen-I Co., Ltd. | 13,900 | 201,908 | ||||||
Tekken Corp. (a) | 72,000 | 248,555 | ||||||
Toa Corp. (g) | 33,000 | 55,034 | ||||||
Toa Corp. (g) | 18,200 | 175,892 | ||||||
Toagosei Co., Ltd. | 416,418 | 1,906,304 | ||||||
Tobishima Corp. (a)(b) | 28,700 | 57,915 | ||||||
TOC Co., Ltd. | 161,760 | 1,270,610 | ||||||
Tochigi Bank, Ltd. | 236,000 | 1,216,160 | ||||||
Toda Corp. | 136,000 | 574,959 | ||||||
Toei Co., Ltd. | 281,400 | 2,095,395 | ||||||
Toho Bank, Ltd. | 90,000 | 370,732 | ||||||
Toho Holdings Co., Ltd. (a) | 69,319 | 1,173,380 | ||||||
Toho Zinc Co., Ltd. | 53,000 | 167,496 | ||||||
Tokai Carbon Co., Ltd. | 133,000 | 374,851 | ||||||
Tokai Corp. | 1,600 | 54,501 | ||||||
TOKAI Holdings Corp. | 58,400 | 253,712 | ||||||
Tokai Rika Co., Ltd. | 18,200 | 423,263 | ||||||
Toko, Inc. | 17,000 | 48,764 | ||||||
Tokuyama Corp. (a)(b) | 225,000 | 472,795 | ||||||
Tokyo Dome Corp. (a) | 79,000 | 335,960 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 17,600 | 570,156 | ||||||
Tokyo Seimitsu Co., Ltd. | 21,900 | 502,919 | ||||||
Tokyo Steel Manufacturing Co., Ltd. (a) | 52,500 | 353,283 | ||||||
Tokyo Tekko Co., Ltd. | 9,000 | 36,098 | ||||||
Tokyo TY Financial Group, Inc. (a) | 17,800 | 477,932 | ||||||
Tokyotokeiba Co., Ltd. (a) | 73,000 | 181,397 | ||||||
Tokyu Construction Co., Ltd. | 15,400 | 87,321 | ||||||
Tokyu REIT, Inc. | 294 | 381,704 | ||||||
Tomoe Engineering Co., Ltd. | 2,800 | 41,910 | ||||||
TOMONY Holdings, Inc. | 221,380 | 1,004,217 | ||||||
Tomy Co., Ltd. (a) | 53,800 | 320,310 | ||||||
Top REIT, Inc. | 92 | 383,189 | ||||||
Topre Corp. | 23,700 | 371,335 | ||||||
Topy Industries, Ltd. | 480,981 | 1,118,980 | ||||||
Torii Pharmaceutical Co., Ltd. | 3,700 | 98,883 | ||||||
Torishima Pump Manufacturing Co., Ltd. (a) | 5,600 | 41,279 | ||||||
Toshiba Machine Co., Ltd. | 51,000 | 215,184 | ||||||
Toshiba Plant Systems & Services Corp. | 10,900 | 150,605 | ||||||
Toshiba TEC Corp. | 54,000 | 357,974 | ||||||
Totetsu Kogyo Co., Ltd. | 13,800 | 308,738 | ||||||
Towa Pharmaceutical Co., Ltd. | 2,800 | 160,400 | ||||||
Toyo Construction Co., Ltd. | 9,700 | 38,015 | ||||||
Toyo Corp./Chuo-ku | 140,568 | 1,346,780 | ||||||
Toyo Engineering Corp. (a) | 58,000 | 151,862 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 60,000 | 281,676 | ||||||
Toyo Wharf & Warehouse Co., Ltd. | 31,000 | 52,216 | ||||||
Toyobo Co., Ltd. | 405,788 | 548,156 | ||||||
TPR Co., Ltd. | 15,800 | 424,891 |
See accompanying notes to financial statements.
220
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Trusco Nakayama Corp. | 10,200 | $ | 320,225 | |||||
TS Tech Co., Ltd. | 21,300 | 576,348 | ||||||
TSI Holdings Co., Ltd. | 67,200 | 453,884 | ||||||
Tsubakimoto Chain Co. | 62,000 | 517,507 | ||||||
Tsukui Corp. (a) | 4,300 | 32,629 | ||||||
Tsumura & Co. (a) | 27,900 | 691,189 | ||||||
Tsurumi Manufacturing Co., Ltd. | 11,000 | 156,573 | ||||||
UACJ Corp. (a) | 134,000 | 370,965 | ||||||
Ube Industries, Ltd. | 321,000 | 503,215 | ||||||
Ulvac, Inc. (b) | 34,600 | 532,885 | ||||||
UMN Pharma, Inc. (a)(b) | 4,600 | 114,918 | ||||||
Unipres Corp. | 16,900 | 345,257 | ||||||
United Arrows, Ltd. (a) | 13,200 | 392,946 | ||||||
UNITED, Inc. (a) | 3,700 | 49,364 | ||||||
Unitika, Ltd. (b) | 1,073,000 | 492,099 | ||||||
UNY Group Holdings Co., Ltd. | 76,400 | 428,745 | ||||||
Usen Corp. (b) | 47,110 | 141,418 | ||||||
Ushio, Inc. | 43,200 | 538,897 | ||||||
UT Holdings Co., Ltd. (a) | 11,800 | 46,246 | ||||||
Valor Co., Ltd. | 32,100 | 695,667 | ||||||
VT Holdings Co., Ltd. (a) | 22,200 | 97,371 | ||||||
Wacoal Holdings Corp. | 72,000 | 811,707 | ||||||
Wacom Co., Ltd. (a) | 73,700 | 355,210 | ||||||
Wakachiku Construction Co., Ltd. (a) | 38,000 | 58,937 | ||||||
Wakita & Co., Ltd. | 11,000 | 107,134 | ||||||
Welcia Holdings Co., Ltd. | 13,600 | 508,618 | ||||||
WirelessGate, Inc. (a) | 4,300 | 114,918 | ||||||
Xebio Co., Ltd. (a) | 8,000 | 139,087 | ||||||
YAMABIKO Corp. | 5,200 | 233,279 | ||||||
Yamazen Corp. | 47,500 | 390,932 | ||||||
Yaoko Co., Ltd. | 14,800 | 555,347 | ||||||
Yodogawa Steel Works, Ltd. | 381,200 | 1,513,039 | ||||||
Yokogawa Bridge Holdings Corp. | 17,400 | 187,312 | ||||||
Yondoshi Holdings, Inc. (a) | 13,700 | 262,062 | ||||||
Yorozu Corp. (a) | 13,700 | 288,451 | ||||||
Yoshinoya Holdings Co., Ltd. (a) | 31,100 | 339,461 | ||||||
Yushin Precision Equipment Co., Ltd. | 1,400 | 28,344 | ||||||
Zenkoku Hosho Co., Ltd. | 25,400 | 954,155 | ||||||
Zenrin Co., Ltd. | 57,877 | 715,711 | ||||||
Zensho Holdings Co., Ltd. (a) | 19,700 | 191,045 | ||||||
ZERIA Pharmaceutical Co., Ltd. | 18,700 | 313,577 | ||||||
238,442,807 | ||||||||
LUXEMBOURG — 0.2% | ||||||||
BRAAS Monier Building Group SA (b) | 8,543 | 217,910 | ||||||
Grand City Properties SA (a)(b) | 23,414 | 434,534 | ||||||
Oriflame Cosmetics SA SDR (a) | 12,509 | 167,530 | ||||||
SAF-Holland SA | 15,665 | 251,354 | ||||||
Stabilus SA (b) | 5,948 | 205,379 | ||||||
1,276,707 | ||||||||
MALTA — 0.1% | ||||||||
Kambi Group PLC (b) | 4,743 | 38,498 | ||||||
Unibet Group PLC, SDR | 12,640 | 692,529 | ||||||
731,027 | ||||||||
MONGOLIA — 0.0% (d) | ||||||||
Mongolian Mining Corp. (a)(b) | 1,232,500 | 44,512 | ||||||
NETHERLANDS — 1.5% | ||||||||
Amsterdam Commodities NV | 15,607 | 424,076 | ||||||
AVG Technologies NV (b) | 21,854 | 473,139 | ||||||
BE Semiconductor Industries NV | 13,558 | 434,873 | ||||||
Beter Bed Holding NV | 12,563 | 275,453 | ||||||
BinckBank NV | 41,448 | 337,380 | ||||||
Bravofly Rumbo Group NV (b) | 1,573 | 26,559 | ||||||
Cimpress NV (b) | 13,246 | 1,117,698 | ||||||
Corbion NV | 39,242 | 745,139 | ||||||
Euronext NV (b)(f) | 32,704 | 1,383,889 | ||||||
Grontmij (a)(b) | 8,018 | 32,292 | ||||||
IMCD Group NV (b) | 12,580 | 423,297 | ||||||
InterXion Holding NV (b) | 15,443 | 435,493 | ||||||
Koninklijke BAM Groep NV (a) | 145,196 | 647,153 | ||||||
Koninklijke Ten Cate NV | 11,261 | 254,464 | ||||||
NSI NV | 11,384 | 51,143 | ||||||
Royal Imtech NV (a)(b) | 52,658 | 302,681 | ||||||
Sligro Food Group NV | 9,554 | 378,733 | ||||||
TKH Group NV | 15,344 | 542,998 | ||||||
TomTom NV (b) | 41,155 | 315,856 | ||||||
USG People NV | 31,679 | 438,560 | ||||||
VastNed Retail NV | 5,598 | 274,129 | ||||||
Wereldhave NV | 16,885 | 1,133,405 | ||||||
Wessanen | 30,128 | 199,872 | ||||||
10,648,282 | ||||||||
NEW ZEALAND — 1.5% | ||||||||
a2 Milk Co., Ltd. (a)(b) | 197,213 | 82,818 | ||||||
Air New Zealand, Ltd. | 240,383 | 491,217 | ||||||
Argosy Property, Ltd. | 327,063 | 279,602 | ||||||
Chorus, Ltd. (a)(b) | 143,443 | 306,569 | ||||||
DNZ Property Fund, Ltd. | 255,062 | 372,978 | ||||||
Ebos Group, Ltd. | 29,797 | 239,089 | ||||||
Freightways, Ltd. | 80,885 | 380,311 | ||||||
Genesis Energy, Ltd. | 187,364 | 314,730 | ||||||
Goodman Property Trust | 374,650 | 335,735 | ||||||
Heartland New Zealand, Ltd. (a) | 241,660 | 231,963 | ||||||
Infratil, Ltd. (a) | 310,368 | 740,129 | ||||||
Kathmandu Holdings, Ltd. (a) | 78,268 | 80,997 | ||||||
Kiwi Income Property Group, Ltd. | 449,871 | 436,879 | ||||||
Mainfreight, Ltd. | 59,115 | 685,790 | ||||||
Meridian Energy, Ltd. (a) | 624,063 | 947,669 | ||||||
Metlifecare, Ltd. | 66,451 | 235,205 | ||||||
New Zealand Oil & Gas, Ltd. (a) | 278,895 | 118,166 | ||||||
Nuplex Industries, Ltd. | 140,339 | 336,769 | ||||||
NZX, Ltd. | 248,652 | 206,975 | ||||||
PGG Wrightson, Ltd. | 102,726 | 37,362 | ||||||
Port of Tauranga, Ltd. (a) | 23,991 | 304,945 | ||||||
Precinct Properties New Zealand, Ltd. | 269,508 | 237,472 | ||||||
Property for Industry, Ltd. | 215,546 | 254,580 | ||||||
Restaurant Brands New Zealand, Ltd. | 121,494 | 368,078 | ||||||
Skellerup Holdings, Ltd. (a) | 149,365 | 159,052 | ||||||
Sky City Entertainment Group, Ltd. | 291,727 | 896,941 | ||||||
Steel & Tube Holdings, Ltd. | 16,212 | 34,649 | ||||||
Summerset Group Holdings, Ltd. (a) | 61,543 | 153,222 | ||||||
Tower, Ltd. (a) | 135,999 | 236,607 | ||||||
Trade Me Group, Ltd. | 205,798 | 571,013 | ||||||
Vital Healthcare Property Trust | 213,912 | 275,910 | ||||||
Warehouse Group, Ltd. (a) | 64,310 | 128,281 |
See accompanying notes to financial statements.
221
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Z Energy, Ltd. | 72,193 | $ | 277,726 | |||||
10,759,429 | ||||||||
NORWAY — 1.3% | ||||||||
Archer, Ltd. (a)(b) | 97,598 | 28,944 | ||||||
Atea ASA | 40,712 | 458,440 | ||||||
Austevoll Seafood ASA | 35,579 | 190,276 | ||||||
Avance Gas Holding, Ltd. (f) | 6,468 | 89,085 | ||||||
Bakkafrost P/F | 20,829 | 451,001 | ||||||
Borregaard ASA | 54,686 | 403,745 | ||||||
BW LPG, Ltd. (a)(f) | 28,260 | 227,753 | ||||||
BW Offshore, Ltd. | 189,710 | 131,117 | ||||||
Deep Sea Supply PLC | 178,406 | 79,915 | ||||||
Dolphin Group AS (b) | 119,826 | 26,020 | ||||||
Ekornes ASA | 46,744 | 568,415 | ||||||
Electromagnetic GeoServices ASA (a)(b) | 53,846 | 22,717 | ||||||
Farstad Shipping ASA | 3,657 | 15,428 | ||||||
Fred Olsen Energy ASA (a) | 14,368 | 102,869 | ||||||
Frontline, Ltd. (b) | 20,373 | 45,756 | ||||||
Hexagon Composites ASA (a) | 52,656 | 163,343 | ||||||
Hoegh LNG Holdings, Ltd. (a) | 20,440 | 233,970 | ||||||
Kongsberg Automotive ASA (b) | 205,644 | 151,571 | ||||||
Kvaerner ASA | 51,094 | 38,040 | ||||||
Nordic Semiconductor ASA (a)(b) | 82,568 | 530,195 | ||||||
Norwegian Air Shuttle AS (a)(b) | 8,531 | 254,053 | ||||||
Petroleum Geo-Services ASA (a) | 105,730 | 544,059 | ||||||
ProSafe SE (a) | 118,460 | 326,316 | ||||||
Protector Forsikring ASA | 56,732 | 469,886 | ||||||
REC Silicon ASA (a)(b) | 901,300 | 262,815 | ||||||
REC Solar ASA (b) | 22,779 | 286,889 | ||||||
Solstad Offshore ASA | 11,141 | 66,356 | ||||||
SpareBank 1 SMN (a) | 31,522 | 232,726 | ||||||
Spectrum ASA | 12,333 | 53,867 | ||||||
Thin Film Electronics ASA (b) | 287,916 | 194,347 | ||||||
Tomra Systems ASA | 115,982 | 975,020 | ||||||
Veidekke ASA | 111,979 | 1,313,052 | ||||||
Wilh Wilhelmsen ASA (a) | 4,284 | 25,462 | ||||||
8,963,448 | ||||||||
PANAMA — 0.0% (d) | ||||||||
Norstar Holdings, Inc. | 6,951 | 180,561 | ||||||
PORTUGAL — 0.4% | ||||||||
Altri SGPS SA (a) | 199,058 | 848,525 | ||||||
CTT-Correios de Portugal SA | 19,118 | 204,978 | ||||||
Mota-Engil SGPS SA | 8,014 | 29,608 | ||||||
Portugal Telecom SGPS SA (a) | 241,542 | 140,085 | ||||||
Semapa-Sociedade de Investimento e Gestao | 113,971 | 1,522,716 | ||||||
2,745,912 | ||||||||
SINGAPORE — 2.8% | ||||||||
AIMS AMP Capital Industrial REIT | 247,958 | 269,343 | ||||||
Ascendas Hospitality Trust | 512,000 | 253,816 | ||||||
Ascendas India Trust | 605,000 | 396,953 | ||||||
Ascott Residence Trust | 419,600 | 380,843 | ||||||
AusGroup, Ltd. (a)(b) | 239,000 | 38,332 | ||||||
Biosensors International Group, Ltd. (a)(b) | 642,000 | 355,705 | ||||||
Boustead Singapore, Ltd. | 307,657 | 381,291 | ||||||
Cache Logistics Trust (a) | 495,000 | 424,018 | ||||||
Cambridge Industrial Trust | 1,034,855 | 535,647 | ||||||
Cape PLC | 18,164 | 67,411 | ||||||
CapitaRetail China Trust | 330,147 | 387,502 | ||||||
CDL Hospitality Trusts | 408,000 | 522,009 | ||||||
China New Town Development Co., Ltd. (b) | 449,000 | 20,949 | ||||||
China Yuchai International, Ltd. | 21,814 | 430,608 | ||||||
CitySpring Infrastructure Trust (a) | 743,000 | 292,498 | ||||||
Civmec, Ltd. | 404,000 | 128,118 | ||||||
Cordlife Group, Ltd. (a) | 249,000 | 187,880 | ||||||
Cosco Corp. Singapore, Ltd. (a) | 557,000 | 205,063 | ||||||
Croesus Retail Trust | 188,000 | 127,462 | ||||||
CSE Global, Ltd. (a) | 148,000 | 59,882 | ||||||
CWT, Ltd. (a) | 191,000 | 215,131 | ||||||
Ezra Holdings, Ltd. (a)(b) | 511,102 | 156,494 | ||||||
Far East Hospitality Trust | 423,000 | 246,701 | ||||||
First Real Estate Investment Trust | 547,558 | 558,855 | ||||||
Fortune Real Estate Investment Trust | 458,000 | 486,175 | ||||||
Frasers Centrepoint Trust | 263,000 | 387,300 | ||||||
Frasers Commercial Trust | 307,357 | 336,105 | ||||||
Frasers Hospitality Trust (b) | 209,000 | 136,367 | ||||||
GuocoLeisure, Ltd. | 409,000 | 274,317 | ||||||
Haw Par Corp., Ltd. | 70,086 | 439,411 | ||||||
Hong Fok Corp., Ltd. | 245,000 | 158,963 | ||||||
Hotel Properties, Ltd. | 30,000 | 90,763 | ||||||
Hyflux, Ltd. (a) | 312,100 | 208,188 | ||||||
IGG, Inc. (a) | 444,000 | 259,996 | ||||||
International Healthway Corp., Ltd. (a)(b) | 155,000 | 32,205 | ||||||
Interra Resources, Ltd. (b) | 267,000 | 22,579 | ||||||
ISDN Holdings, Ltd. | 112,000 | 16,248 | ||||||
Jaya Holdings, Ltd. (a) | 104,000 | 1,516 | ||||||
K1 Ventures, Ltd. | 262,000 | 39,156 | ||||||
Lian Beng Group, Ltd. | 130,000 | 54,021 | ||||||
LionGold Corp., Ltd. (a)(b) | 386,000 | 3,940 | ||||||
Lippo Malls Indonesia Retail Trust | 1,225,000 | 308,103 | ||||||
Mapletree Greater China Commercial Trust | 696,000 | 527,696 | ||||||
Mapletree Industrial Trust | 796,437 | 917,380 | ||||||
Metro Holdings, Ltd. | 331,000 | 234,067 | ||||||
Mewah International, Inc. | 207,000 | 55,081 | ||||||
OM Holdings, Ltd. (b) | 84,190 | 19,295 | ||||||
OSIM International, Ltd. | 203,000 | 290,063 | ||||||
OUE Commercial Real Estate Investment Trust | 127,000 | 74,069 | ||||||
OUE Hospitality Trust | 343,333 | 235,280 | ||||||
OUE, Ltd. (a) | 86,000 | 135,423 | ||||||
Oxley Holdings, Ltd. | 129,000 | 47,022 | ||||||
Pacific Radiance, Ltd. (a) | 227,000 | 110,050 | ||||||
Pan-United Corp., Ltd. | 56,000 | 32,864 | ||||||
Parkway Life Real Estate Investment Trust | 251,000 | 431,844 | ||||||
Petra Foods, Ltd. | 184,000 | 512,415 | ||||||
Raffles Medical Group, Ltd. | 153,200 | 438,927 | ||||||
Religare Health Trust | 460,000 | 365,532 | ||||||
Rotary Engineering, Ltd. | 100,000 | 39,367 | ||||||
Rowsley, Ltd. (a)(b) | 1,641,000 | 218,928 |
See accompanying notes to financial statements.
222
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (a) | 403,729 | $ | 264,895 | |||||
Saizen REIT | 41,000 | 25,705 | ||||||
Sinarmas Land, Ltd. | 595,000 | 329,664 | ||||||
Sino Grandness Food Industry Group, Ltd. (a)(b) | 182,000 | 41,131 | ||||||
SMRT Corp., Ltd. | 346,000 | 403,587 | ||||||
Soilbuild Business Space REIT | 256,000 | 151,170 | ||||||
Stamford Land Corp., Ltd. | 64,000 | 25,895 | ||||||
Starhill Global REIT | 741,000 | 451,072 | ||||||
STATS ChipPAC, Ltd. (a)(b) | 95,000 | 34,975 | ||||||
Super Group, Ltd. (a) | 245,000 | 266,130 | ||||||
Swiber Holdings, Ltd. (a) | 209,000 | 25,597 | ||||||
Tat Hong Holdings, Ltd. | 73,000 | 35,656 | ||||||
Technics Oil & Gas, Ltd. (a)(b) | 130,000 | 66,341 | ||||||
Tiger Airways Holdings, Ltd. (a)(b) | 312,850 | 72,984 | ||||||
Tuan Sing Holdings, Ltd. | 193,274 | 55,656 | ||||||
UMS Holdings, Ltd. | 326,000 | 125,961 | ||||||
United Engineers, Ltd. (a) | 284,000 | 565,226 | ||||||
United Envirotech, Ltd. | 444,000 | 534,082 | ||||||
Venture Corp., Ltd. | 75,000 | 467,486 | ||||||
Wing Tai Holdings, Ltd. (a) | 557,299 | 780,064 | ||||||
XP Power, Ltd. | 2,629 | 57,253 | ||||||
Yoma Strategic Holdings, Ltd. (a)(b) | 726,333 | 251,519 | ||||||
Yongnam Holdings, Ltd. (a) | 451,000 | 46,030 | ||||||
19,661,246 | ||||||||
SOUTH KOREA — 8.4% | ||||||||
3S Korea Co., Ltd. (b) | 15,792 | 49,036 | ||||||
Able C&C Co., Ltd. | 7,637 | 217,521 | ||||||
Actoz Soft Co., Ltd. (b) | 1,003 | 32,953 | ||||||
Advanced Process Systems Corp. (b) | 6,111 | 52,052 | ||||||
Ahnlab, Inc. | 2,080 | 85,585 | ||||||
AJ Rent A Car Co., Ltd. (b) | 2,756 | 37,759 | ||||||
AK Holdings, Inc. | 1,831 | 162,066 | ||||||
Amicogen, Inc. | 1,816 | 93,955 | ||||||
Aminologics Co., Ltd. (b) | 20,430 | 24,675 | ||||||
Asiana Airlines, Inc. (b) | 41,528 | 336,132 | ||||||
Basic House Co., Ltd. (b) | 1,888 | 26,377 | ||||||
Binex Co., Ltd. (b) | 14,331 | 189,883 | ||||||
Binggrae Co., Ltd. | 3,858 | 285,842 | ||||||
Bioland, Ltd. | 3,753 | 92,518 | ||||||
Bioneer Corp. (b) | 3,278 | 24,110 | ||||||
Boryung Pharmaceutical Co., Ltd. | 3,116 | 124,140 | ||||||
Bukwang Pharmaceutical Co., Ltd. | 8,521 | 202,762 | ||||||
Celltrion Pharm, Inc. (b) | 7,418 | 123,026 | ||||||
Chabiotech Co., Ltd. (b) | 25,212 | 348,825 | ||||||
Chadiostech Co., Ltd. (b) | 8,902 | 33,098 | ||||||
Chemtronics Co., Ltd. (b) | 2,332 | 23,332 | ||||||
Choa Pharmaceutical Co. (b) | 17,206 | 62,887 | ||||||
Chong Kun Dang Pharmaceutical Corp. | 3,308 | 203,647 | ||||||
Chongkundang Holdings Corp. | 1,883 | 115,752 | ||||||
CJ CGV Co., Ltd. | 6,491 | 396,089 | ||||||
CJ E&M Corp. (b) | 13,008 | 638,998 | ||||||
CJ Freshway Corp. | 1,617 | 72,874 | ||||||
CNK International Co., Ltd. (b)(e) | 16,071 | 0 | ||||||
Com2uSCorp (a)(b) | 5,178 | 898,432 | ||||||
Corentec Co., Ltd. (b) | 2,589 | 37,921 | ||||||
Cosmax BTI, Inc. | 6,008 | 314,629 | ||||||
Cosmax, Inc. | 5,323 | 654,910 | ||||||
Crown Confectionery Co., Ltd. | 266 | 70,489 | ||||||
CrucialTec Co., Ltd. (b) | 6,050 | 65,165 | ||||||
CrystalGenomics, Inc. (b) | 5,088 | 55,262 | ||||||
CTC BIO, Inc. (b) | 6,126 | 119,268 | ||||||
Cuckoo Electronics Co., Ltd. | 1,542 | 260,602 | ||||||
D.I Corp. | 8,835 | 64,424 | ||||||
Dae Han Flour Mills Co., Ltd. | 459 | 76,952 | ||||||
Daeduck GDS Co., Ltd. | 3,153 | 38,793 | ||||||
Daesang Corp. | 15,082 | 569,594 | ||||||
Daesang Holdings Co., Ltd. | 4,744 | 103,265 | ||||||
Daewon Pharmaceutical Co., Ltd. | 8,688 | 148,004 | ||||||
Daewoong Pharmaceutical Co., Ltd. | 1,642 | 88,801 | ||||||
Daou Technology, Inc. | 6,402 | 99,828 | ||||||
Digital Power Communications Co., Ltd. | 13,288 | 53,657 | ||||||
Dong-A Socio Holdings Co., Ltd. | 3,917 | 593,137 | ||||||
Dong-A ST Co., Ltd. | 6,610 | 706,012 | ||||||
Dongbu HiTek Co., Ltd. (a)(b) | 6,980 | 37,686 | ||||||
DongKook Pharmaceutical Co., Ltd. | 3,033 | 96,776 | ||||||
Dongkuk Steel Mill Co., Ltd. (a)(b) | 50,318 | 272,578 | ||||||
Dongsuh Co., Inc. | 31,920 | 880,393 | ||||||
Dongsung Finetec Co., Ltd. | 4,119 | 29,144 | ||||||
Dongwha Pharm Co., Ltd. | 29,767 | 201,496 | ||||||
Dongwon F&B Co., Ltd. | 382 | 137,726 | ||||||
Dongwon Industries Co., Ltd. | 1,048 | 314,556 | ||||||
Duk San Neolux Co., Ltd. (b) | 954 | 19,261 | ||||||
Duksan Hi-Metal Co., Ltd. (b) | 1,423 | 11,159 | ||||||
EG Corp. | 2,228 | 36,148 | ||||||
EM-Tech Co., Ltd. (b) | 4,514 | 59,403 | ||||||
Eo Technics Co., Ltd. | 5,870 | 676,707 | ||||||
Eugene Investment & Securities Co., Ltd. (a)(b) | 280,901 | 870,972 | ||||||
Eugene Technology Co., Ltd. | 3,636 | 46,538 | ||||||
Eusu Holdings Co., Ltd. (b) | 6,470 | 54,993 | ||||||
Fila Korea, Ltd. | 6,418 | 624,764 | ||||||
Gamevil, Inc. (a)(b) | 3,111 | 339,295 | ||||||
GemVax & Kael Co., Ltd. (a)(b) | 12,372 | 210,205 | ||||||
Genic Co., Ltd. (b) | 2,773 | 83,481 | ||||||
Golfzon Co., Ltd. (c) | 12,317 | 331,947 | ||||||
Green Cross Cell Corp. (b) | 1,700 | 65,582 | ||||||
Green Cross Corp. | 4,703 | 746,071 | ||||||
Green Cross Holdings Corp. | 12,324 | 304,920 | ||||||
GS Global Corp. | 6,009 | 42,246 | ||||||
GS Home Shopping, Inc. | 2,304 | 461,236 | ||||||
GS Retail Co., Ltd. | 15,788 | 475,298 | ||||||
Haesung Industrial Co., Ltd. | 632 | 17,203 | ||||||
Halla Holdings Corp. | 2,486 | 158,645 | ||||||
Hana Tour Service, Inc. | 4,280 | 432,070 | ||||||
Hanall Biopharma Co., Ltd. (b) | 15,167 | 64,868 | ||||||
Hancom, Inc. | 5,912 | 97,516 | ||||||
Hanil Cement Co., Ltd. | 1,595 | 262,371 | ||||||
Hanil E-Hwa Co., Ltd. | 3,248 | 46,402 | ||||||
Hanjin Heavy Industries & Construction Co., Ltd. (a)(b) | 34,852 | 181,257 | ||||||
Hanjin Kal Corp. | 7,781 | 250,728 | ||||||
Hanjin Shipping Co., Ltd. (a)(b) | 64,983 | 411,763 | ||||||
Hanjin Transportation Co., Ltd. | 3,860 | 223,017 | ||||||
Hankook Shell Oil Co., Ltd. | 281 | 111,696 |
See accompanying notes to financial statements.
223
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Hanmi Pharm Co., Ltd. (a)(b) | 7,969 | $ | 1,626,913 | |||||
Hanmi Science Co., Ltd. (b) | 18,371 | 567,962 | ||||||
Hanmi Semiconductor Co., Ltd. | 5,343 | 77,777 | ||||||
Hansae Co., Ltd. (a) | 14,227 | 536,021 | ||||||
Hansol Chemical Co., Ltd. | 1,446 | 68,686 | ||||||
Hansol Holdings Co., Ltd. (b) | 38,012 | 299,793 | ||||||
Hansol Logistics Co., Ltd. | 25,391 | 77,584 | ||||||
Hansol Paper Co., Ltd. (b) | 23,210 | 465,476 | ||||||
Hansol Technics Co., Ltd. (b) | 3,087 | 44,102 | ||||||
Hanwha Investment & Securities Co., Ltd. | 126,639 | 586,709 | ||||||
Harim Co., Ltd. (a)(b) | 11,918 | 57,149 | ||||||
Heung-A Shipping Co., Ltd. (a) | 38,661 | 132,419 | ||||||
Hite Jinro Co., Ltd. (a) | 30,032 | 600,938 | ||||||
Humax Co., Ltd. | 29,957 | 421,226 | ||||||
Huons Co., Ltd. | 3,942 | 217,450 | ||||||
Hwa Shin Co., Ltd. | 3,127 | 21,082 | ||||||
Hyundai BNG Steel Co., Ltd. | 2,390 | 31,559 | ||||||
Hyundai Corp. | 3,877 | 95,226 | ||||||
Hyundai Elevator Co., Ltd. (b) | 6,246 | 437,437 | ||||||
Hyundai Engineering Plastics Co., Ltd. | 4,935 | 39,944 | ||||||
Hyundai Greenfood Co., Ltd. | 40,115 | 706,880 | ||||||
Hyundai Home Shopping Network Corp. | 3,679 | 424,455 | ||||||
Hyundai Hy Communications & Networks Co., Ltd. | 7,204 | 32,012 | ||||||
Hyundai Hysco Co., Ltd. | 2,585 | 148,420 | ||||||
Hyundai Rotem Co., Ltd. (a)(b) | 22,640 | 389,764 | ||||||
Hyundai Securities Co., Ltd. (a) | 80,660 | 615,065 | ||||||
i-SENS, Inc. (b) | 1,637 | 72,300 | ||||||
Il Dong Pharmaceutical Co., Ltd. | 8,594 | 138,269 | ||||||
Iljin Display Co., Ltd. | 5,517 | 36,599 | ||||||
Ilyang Pharmaceutical Co., Ltd. (b) | 3,840 | 117,507 | ||||||
iMarketKorea, Inc. | 7,570 | 174,674 | ||||||
Infraware, Inc. (b) | 7,891 | 46,943 | ||||||
InkTec Co., Ltd. (b) | 1,649 | 16,350 | ||||||
Innox Corp. (b) | 3,373 | 49,100 | ||||||
Interpark Corp. | 30,060 | 246,018 | ||||||
iNtRON Biotechnology, Inc. (b) | 4,506 | 92,398 | ||||||
JB Financial Group Co., Ltd. (a) | 283,551 | 1,610,141 | ||||||
Jeil Pharmaceutical Co. | 6,250 | 156,891 | ||||||
Jenax, Inc. (b) | 6,776 | 49,166 | ||||||
JoyCity Corp. (b) | 1,420 | 37,373 | ||||||
Jusung Engineering Co., Ltd. (b) | 7,707 | 41,680 | ||||||
JW Pharmaceutical Corp. | 8,430 | 124,233 | ||||||
JYP Entertainment Corp. (b) | 11,912 | 53,631 | ||||||
KC Green Holdings Co., Ltd. | 4,926 | 43,290 | ||||||
KCP Co., Ltd. (b) | 6,110 | 157,507 | ||||||
Kginicis Co., Ltd. (a) | 5,214 | 106,682 | ||||||
KGMobilians Co., Ltd. | 2,844 | 44,219 | ||||||
KH Vatec Co., Ltd. | 5,693 | 163,947 | ||||||
Koh Young Technology, Inc. | 2,729 | 109,337 | ||||||
Kolao Holdings (a) | 16,224 | 250,061 | ||||||
Kolon Industries, Inc. | 8,443 | 381,265 | ||||||
Kolon Life Science, Inc. | 1,865 | 92,456 | ||||||
Komipharm International Co., Ltd. (b) | 13,068 | 127,211 | ||||||
KONA I Co., Ltd. (a) | 5,757 | 157,747 | ||||||
Korea Electric Terminal Co., Ltd. | 2,430 | 151,348 | ||||||
Korea Kolmar Co., Ltd. | 9,350 | 574,762 | ||||||
Korea Line Corp. (b) | 3,730 | 76,318 | ||||||
Korea Petrochemical Ind Co., Ltd. | 657 | 64,548 | ||||||
Korea Real Estate Investment & Trust Co., Ltd. | 49,949 | 167,029 | ||||||
Korea United Pharm, Inc. | 6,616 | 108,234 | ||||||
Korean Reinsurance Co. | 86,736 | 797,429 | ||||||
Kortek Corp. | 6,372 | 77,249 | ||||||
KT Skylife Co., Ltd. | 14,220 | 237,117 | ||||||
Ktis Corp. | 13,134 | 50,017 | ||||||
Kumho Industrial Co., Ltd. (b) | 7,184 | 142,780 | ||||||
Kumho Tire Co., Inc. (b) | 59,383 | 487,610 | ||||||
Kwang Dong Pharmaceutical Co., Ltd. | 16,469 | 213,016 | ||||||
KyungDong City Gas Co., Ltd. | 494 | 47,866 | ||||||
Kyungdong Pharm Co., Ltd. | 6,563 | 152,029 | ||||||
LEENO Industrial, Inc. | 3,271 | 114,837 | ||||||
LF Corp. | 11,784 | 336,701 | ||||||
LG Hausys, Ltd. | 3,625 | 563,624 | ||||||
LG International Corp. (a) | 35,525 | 1,205,567 | ||||||
LG Life Sciences, Ltd. (a)(b) | 4,806 | 236,520 | ||||||
LIG Insurance Co., Ltd. | 37,433 | 769,275 | ||||||
Lock & Lock Co., Ltd. (a) | 3,210 | 37,179 | ||||||
Logistics Energy Korea Co., Ltd. (b) | 21,705 | 30,911 | ||||||
Lotte Food Co., Ltd. | 700 | 444,815 | ||||||
LOTTE Himart Co., Ltd. (a) | 4,025 | 244,885 | ||||||
LS Industrial Systems Co., Ltd. | 10,520 | 604,963 | ||||||
Lumens Co., Ltd. (a) | 14,204 | 80,401 | ||||||
Macrogen, Inc. (b) | 3,198 | 107,373 | ||||||
Maeil Dairy Industry Co., Ltd. | 1,435 | 50,573 | ||||||
Mando Corp. | 2,754 | 397,170 | ||||||
Medipost Co., Ltd. (a)(b) | 5,294 | 358,357 | ||||||
Medy-Tox, Inc. | 2,387 | 707,203 | ||||||
MegaStudy Co., Ltd. | 6,002 | 365,708 | ||||||
Melfas, Inc. (b) | 13,975 | 69,280 | ||||||
Meritz Financial Group, Inc. | 8 | 99 | ||||||
Meritz Fire & Marine Insurance Co., Ltd. | 50,983 | 523,869 | ||||||
Meritz Securities Co., Ltd. | 133,941 | 684,524 | ||||||
Mirae Asset Securities Co., Ltd. | 17,878 | 842,777 | ||||||
Mirae Corp. (b) | 194,561 | 48,577 | ||||||
Modetour Network, Inc. | 2,937 | 87,624 | ||||||
Muhak Co., Ltd. (b) | 3,916 | 159,365 | ||||||
Naturalendo Tech Co., Ltd. (a)(b) | 10,224 | 657,978 | ||||||
Neowiz Games Corp. (a)(b) | 11,143 | 235,023 | ||||||
NEPES Corp. (b) | 5,577 | 47,755 | ||||||
Nexen Tire Corp. | 24,831 | 290,958 | ||||||
NH Investment & Securities Co., Ltd. | 3 | 39 | ||||||
NHN Entertainment Corp. (a)(b) | 9,983 | 642,468 | ||||||
NICE Holdings Co., Ltd. | 5,140 | 92,195 | ||||||
NongShim Co., Ltd. | 2,626 | 576,350 | ||||||
Opto Device Technology Co., Ltd. | 5,781 | 51,325 | ||||||
Osstem Implant Co., Ltd. (b) | 2,912 | 122,706 | ||||||
Pan Ocean Co., Ltd. (b) | 70,854 | 210,113 | ||||||
Partron Co., Ltd. (a) | 23,254 | 299,727 | ||||||
Pharmicell Co., Ltd. (b) | 9,401 | 33,810 | ||||||
Poongsan Corp. | 17,440 | 388,272 | ||||||
Posco ICT Co., Ltd. | 7,593 | 38,531 | ||||||
Power Logics Co., Ltd. (b) | 14,891 | 57,379 | ||||||
Redrover Co., Ltd. (b) | 11,055 | 61,480 | ||||||
S&T Dynamics Co., Ltd. | 7,000 | 74,767 |
See accompanying notes to financial statements.
224
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
S-Energy Co., Ltd. | 5,008 | $ | 36,112 | |||||
Sajo Industries Co., Ltd. (b) | 1,175 | 101,672 | ||||||
Sam Yung Trading Co., Ltd. | 5,353 | 114,350 | ||||||
Samchully Co., Ltd. | 472 | 50,201 | ||||||
Samchuly Bicycle Co., Ltd. | 4,988 | 97,112 | ||||||
Samjin Pharmaceutical Co., Ltd. | 9,625 | 217,321 | ||||||
Samsung Fine Chemicals Co., Ltd. (a) | 13,687 | 511,358 | ||||||
Samyang Holdings Corp. | 4,605 | 381,865 | ||||||
Sansung Life & Science Co., Ltd. (b) | 8,967 | 547,986 | ||||||
Sapphire Technology Co., Ltd. (a)(b) | 2,565 | 38,032 | ||||||
SeAH Steel Corp. | 633 | 45,815 | ||||||
Sebang Co., Ltd. | 2,497 | 48,952 | ||||||
Seegene, Inc. (a)(b) | 12,862 | 434,163 | ||||||
Seoul Semiconductor Co., Ltd. (a)(b) | 22,107 | 396,529 | ||||||
SEOWONINTECH Co., Ltd. | 2,793 | 39,147 | ||||||
Seoyeon Co., Ltd. | 4,272 | 60,454 | ||||||
SFA Engineering Corp. (a) | 20,262 | 993,513 | ||||||
Silicon Works Co., Ltd. | 1,784 | 62,793 | ||||||
Silla Co., Ltd. | 1,516 | 31,770 | ||||||
Sindoh Co., Ltd. | 813 | 50,783 | ||||||
SK Broadband Co., Ltd. (b) | 161,009 | 661,770 | ||||||
SK Chemicals Co., Ltd. (a) | 6,655 | 381,503 | ||||||
SK Communications Co., Ltd. (a)(b) | 5,595 | 41,252 | ||||||
SKC Co., Ltd. | 13,161 | 428,241 | ||||||
SM Culture & Contents Co., Ltd. (b) | 14,941 | 42,152 | ||||||
SM Entertainment Co. (a)(b) | 8,509 | 274,570 | ||||||
Soulbrain Co., Ltd. | 1,724 | 72,257 | ||||||
Suheung Co., Ltd. (a) | 1,476 | 70,111 | ||||||
SundayToz Corp. (a)(b) | 10,910 | 142,097 | ||||||
Sungwoo Hitech Co., Ltd. | 26,916 | 272,933 | ||||||
Suprema, Inc. (b) | 3,135 | 78,273 | ||||||
Synopex, Inc. (b) | 28,898 | 47,796 | ||||||
Taekwang Industrial Co., Ltd. | 494 | 535,655 | ||||||
Taihan Electric Wire Co., Ltd. (b)(c) | 26,608 | 28,780 | ||||||
Tera Semicon Co., Ltd. (b) | 2,542 | 48,230 | ||||||
Toray Chemical Korea, Inc. (b) | 3,047 | 53,692 | ||||||
Tovis Co., Ltd. | 7,236 | 114,138 | ||||||
Value Added Technologies Co., Ltd. | 3,465 | 72,145 | ||||||
Vieworks Co., Ltd. | 1,577 | 41,008 | ||||||
ViroMed Co., Ltd. (b) | 4,783 | 312,558 | ||||||
WeMade Entertainment Co., Ltd. (b) | 2,148 | 77,928 | ||||||
Whanin Pharmaceutical Co., Ltd. | 8,273 | 167,779 | ||||||
Wins Co., Ltd. | 3,865 | 37,101 | ||||||
WiSoL Co., Ltd. | 5,132 | 53,890 | ||||||
Wonik IPS Co., Ltd. (b) | 42,896 | 429,173 | ||||||
Woojeon & Handan Co., Ltd. (b) | 8,140 | 12,473 | ||||||
Woongjin Thinkbig Co., Ltd. (b) | 7,795 | 65,693 | ||||||
Wooree ETI Co., Ltd. | 11,694 | 30,356 | ||||||
YG Entertainment, Inc. | 6,392 | 269,346 | ||||||
Yuanta Securities Korea (a)(b) | 90,866 | 511,067 | ||||||
Yuhan Corp. | 3,304 | 556,896 | ||||||
Yungjin Pharmaceutical Co., Ltd. (b) | 50,989 | 78,590 | ||||||
58,751,986 | ||||||||
SPAIN — 0.9% | ||||||||
Construcciones y Auxiliar de Ferrocarriles SA | 2,276 | 756,427 | ||||||
Faes Farma SA | 248,097 | 630,169 | ||||||
Let’s GOWEX SA (a)(b)(e) | 9,561 | 0 | ||||||
Merlin Properties Socimi SA (b) | 42,135 | 573,808 | ||||||
NH Hotel Group SA (b) | 17,581 | 96,109 | ||||||
Promotora de Informaciones SA (Class A) (b) | 378,232 | 121,460 | ||||||
Tubacex SA | 161,534 | 515,258 | ||||||
Tubos Reunidos SA (a) | 216,834 | 416,854 | ||||||
Vidrala SA | 53,205 | 2,595,968 | ||||||
Zeltia SA (a)(b) | 177,161 | 769,645 | ||||||
6,475,698 | ||||||||
SWEDEN — 2.2% | ||||||||
Active Biotech AB (a)(b) | 8,803 | 26,539 | ||||||
AddTech AB (Class B) | 26,092 | 350,201 | ||||||
AF AB (Class B) | 29,878 | 416,606 | ||||||
Arcam AB (b) | 8,565 | 156,918 | ||||||
Avanza Bank Holding AB (a) | 10,194 | 355,204 | ||||||
B&B Tools AB (Class B) | 10,098 | 165,099 | ||||||
BE Group AB (b) | 19,035 | 7,350 | ||||||
Beijer Alma AB | 6,212 | 139,380 | ||||||
Beijer Ref AB | 5,765 | 104,283 | ||||||
Betsson AB (b) | 24,805 | 931,333 | ||||||
Bilia AB (Class A) | 6,638 | 238,609 | ||||||
BioGaia AB (Class B) | 3,944 | 90,322 | ||||||
Bufab Holding AB (b) | 8,819 | 51,130 | ||||||
Byggmax Group AB | 27,734 | 192,953 | ||||||
Clas Ohlson AB (Class B) | 13,737 | 223,400 | ||||||
Cloetta AB (Class B) (b) | 110,710 | 324,785 | ||||||
Com Hem Holding AB | 41,761 | 338,967 | ||||||
Concentric AB | 22,415 | 299,549 | ||||||
D. Carnegie Co. & AB (b) | 30 | 200 | ||||||
Duni AB | 13,765 | 198,318 | ||||||
Eniro AB (a)(b) | 36,982 | 8,062 | ||||||
Fingerprint Cards AB (Class B) (a)(b) | 18,825 | 116,782 | ||||||
Haldex AB | 48,997 | 740,007 | ||||||
Hemfosa Fastigheter AB (b) | 23,896 | 545,859 | ||||||
HIQ International AB (b) | 6,891 | 35,158 | ||||||
Holmen AB (Class B) | 25,074 | 846,068 | ||||||
Industrial & Financial Systems (Class B) | 10,594 | 345,187 | ||||||
Indutrade AB | 12,785 | 586,322 | ||||||
Investment AB Oresund | 7,831 | 157,545 | ||||||
KNOW IT AB | 4,732 | 31,962 | ||||||
Kungsleden AB | 68,785 | 532,395 | ||||||
Lagercrantz AB (Class B) | 7,774 | 142,426 | ||||||
Lindab International AB (b) | 20,950 | 178,186 | ||||||
Medivir AB (Class B) (a) | 11,336 | 102,857 | ||||||
Net Entertainment NE AB (Class B) (b) | 13,164 | 453,349 | ||||||
New Wave Group AB (Class B) | 168,545 | 828,649 | ||||||
Nobia AB | 96,048 | 848,657 | ||||||
Nolato AB (Class B) | 12,174 | 294,326 | ||||||
Nordnet AB (Class B) | 52,441 | 200,666 | ||||||
Opus Group AB (a) | 78,306 | 80,358 | ||||||
Opus Group AB BTA (b) | 8,415 | 8,343 | ||||||
Orexo AB (a)(b) | 7,876 | 112,788 | ||||||
Proact IT Group AB | 2,219 | 23,093 | ||||||
Proffice AB (Class B) | 21,457 | 58,718 | ||||||
Qliro Group AB (a)(b) | 96,626 | 177,027 | ||||||
Ratos AB (Class B) (b) | 55,778 | 382,243 | ||||||
Recipharm AB (Class B) (b) | 8,539 | 181,690 | ||||||
Rezidor Hotel Group AB (b) | 23,174 | 87,063 |
See accompanying notes to financial statements.
225
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
SAS AB (a)(b) | 46,441 | $ | 87,776 | |||||
Semcon AB | 4,341 | 30,957 | ||||||
SkiStar AB | 2,654 | 32,852 | ||||||
Sweco AB (Class B) | 10,811 | 138,521 | ||||||
Systemair AB | 4,575 | 60,741 | ||||||
Tethys Oil AB (b) | 8,859 | 61,121 | ||||||
Vostok Nafta Investment, Ltd. SDR (a)(b) | 21,659 | 115,527 | ||||||
Wihlborgs Fastigheter AB | 124,118 | 2,396,281 | ||||||
15,640,708 | ||||||||
SWITZERLAND — 2.9% | ||||||||
AFG Arbonia-Forster Holding AG (a)(b) | 4,020 | 80,292 | ||||||
APG SGA SA | 301 | 114,583 | ||||||
Ascom Holding AG | 21,031 | 362,678 | ||||||
Autoneum Holding AG (b) | 1,420 | 315,198 | ||||||
Basilea Pharmaceutica AG (a)(b) | 8,652 | 986,077 | ||||||
Belimo Holding AG | 1,287 | 2,795,810 | ||||||
Bell AG | 79 | 203,742 | ||||||
Bobst Group SA | 2,767 | 108,538 | ||||||
Bossard Holding AG (b) | 2,000 | 237,826 | ||||||
Burckhardt Compression Holding AG | 1,379 | 533,115 | ||||||
Cembra Money Bank AG | 9,977 | 612,199 | ||||||
Comet Holding AG (b) | 339 | 273,280 | ||||||
Conzzeta AG (b) | 49 | 178,939 | ||||||
EFG International AG (b) | 19,327 | 238,777 | ||||||
Emmi AG (b) | 1,108 | 383,574 | ||||||
Evolva Holding SA (a)(b) | 104,916 | 185,788 | ||||||
Gategroup Holding AG (b) | 8,032 | 271,647 | ||||||
Gurit Holding AG (b) | 64 | 28,020 | ||||||
HBM Healthcare Investments AG (Class A) (b) | 3,115 | 346,361 | ||||||
Huber & Suhner AG | 6,277 | 295,335 | ||||||
Implenia AG | 4,999 | 328,360 | ||||||
Inficon Holding AG (b) | 939 | 335,702 | ||||||
Interroll Holding AG (b) | 402 | 227,633 | ||||||
Intershop Holdings AG | 252 | 103,778 | ||||||
Kaba Holding AG (Class B) (b) | 955 | 575,674 | ||||||
Kardex AG (b) | 4,062 | 234,612 | ||||||
Komax Holding AG (b) | 2,205 | 384,337 | ||||||
Kudelski SA (b) | 50,964 | 627,015 | ||||||
Kuoni Reisen Holding (Class B) (b) | 1,602 | 526,963 | ||||||
LEM Holding SA | 272 | 223,610 | ||||||
Leonteq AG (a)(b) | 2,011 | 688,415 | ||||||
MCH Group AG | 424 | 29,029 | ||||||
Metall Zug AG (Class B) | 62 | 169,474 | ||||||
Meyer Burger Technology AG (a)(b) | 37,982 | 241,273 | ||||||
Micronas Semiconductor Holding AG (b) | 37,735 | 238,150 | ||||||
Mobilezone Holding AG (b) | 14,320 | 206,404 | ||||||
Mobimo Holding AG (b) | 3,089 | 729,555 | ||||||
Myriad Group AG (a)(b) | 27,449 | 121,518 | ||||||
Orascom Development Holding AG (b) | 5,299 | 89,471 | ||||||
Orior AG (b) | 5,740 | 338,620 | ||||||
Phoenix Mecano AG | 110 | 61,155 | ||||||
Rieter Holding AG (b) | 293 | 46,576 | ||||||
Santhera Pharmaceutical Holding AG (b) | 2,136 | 206,167 | ||||||
Schmolz + Bickenbach AG (b) | 184,417 | 182,271 | ||||||
Schweiter Technologies AG | 333 | 286,100 | ||||||
Schweizerische National-Versicherungs-Gesellschaft AG (a) | 7,776 | 699,304 | ||||||
Siegfried Holding AG (b) | 1,736 | 265,771 | ||||||
Solvalor 61 | 553 | 144,897 | ||||||
Swissquote Group Holding SA | 5,512 | 154,073 | ||||||
Tecan Group AG | 4,664 | 612,231 | ||||||
U-Blox AG (b) | 2,849 | 498,641 | ||||||
Valiant Holding AG | 6,598 | 557,702 | ||||||
Valora Holding AG (b) | 6,051 | 1,351,866 | ||||||
Vaudoise Assurances Holding SA | 444 | 217,589 | ||||||
Zehnder Group AG | 2,557 | 119,255 | ||||||
20,374,970 | ||||||||
UNITED ARAB EMIRATES — 0.0% (d) | ||||||||
Polarcus, Ltd. (b) | 128,934 | 6,079 | ||||||
UNITED KINGDOM — 11.1% | ||||||||
4imprint Group PLC | 8,176 | 125,014 | ||||||
A.G.BARR PLC | 45,978 | 416,010 | ||||||
Acacia Mining PLC | 38,321 | 149,045 | ||||||
Afren PLC (a)(b) | 516,224 | 23,680 | ||||||
Air Berlin PLC (a)(b) | 21,422 | 28,069 | ||||||
Alent PLC | 102,488 | 569,930 | ||||||
Allied Minds PLC (b) | 89,947 | 928,009 | ||||||
Amarin Corp. PLC ADR (a)(b) | 65,544 | 153,373 | ||||||
Anite PLC | 143,176 | 178,538 | ||||||
AO World PLC (a)(b) | 84,855 | 230,772 | ||||||
APR Energy PLC (a) | 21,508 | 121,568 | ||||||
Arrow Global Group PLC | 67,829 | 249,465 | ||||||
Asia Resource Minerals PLC (b) | 12,651 | 2,066 | ||||||
Avon Rubber PLC | 4,294 | 50,294 | ||||||
Betfair Group PLC | 32,466 | 1,077,176 | ||||||
Big Yellow Group PLC | 57,919 | 556,726 | ||||||
Bloomsbury Publishing PLC | 20,948 | 47,501 | ||||||
Bovis Homes Group PLC | 58,742 | 813,164 | ||||||
Brammer PLC | 55,552 | 329,868 | ||||||
Brewin Dolphin Holdings PLC | 109,101 | 502,888 | ||||||
Cairn Energy PLC (b) | 249,472 | 581,806 | ||||||
Card Factory PLC (b) | 53,607 | 234,999 | ||||||
Centamin PLC | 460,120 | 392,753 | ||||||
Chemring Group PLC | 190,616 | 589,992 | ||||||
Chesnara PLC | 50,171 | 255,649 | ||||||
Cineworld Group PLC | 44,781 | 319,092 | ||||||
Circassia Pharmaceuticals PLC (b) | 88,120 | 366,280 | ||||||
Clarkson PLC | 3,718 | 124,186 | ||||||
Coats Group PLC (b) | 571,556 | 212,119 | ||||||
Communisis PLC | 51,549 | 40,749 | ||||||
Computacenter PLC | 32,325 | 327,748 | ||||||
Connect Group PLC | 70,244 | 160,848 | ||||||
Consort Medical PLC | 11,605 | 148,158 | ||||||
Countrywide PLC | 67,004 | 511,263 | ||||||
Cranswick PLC | 20,782 | 423,583 | ||||||
Crest Nicholson Holdings PLC | 88,785 | 561,079 | ||||||
CSR PLC | 107,892 | 1,399,048 | ||||||
Daejan Holdings PLC | 2,223 | 194,868 | ||||||
Dairy Crest Group PLC | 63,725 | 418,604 | ||||||
Darty PLC | 348,971 | 339,321 | ||||||
De La Rue PLC | 37,168 | 306,226 |
See accompanying notes to financial statements.
226
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Debenhams PLC | 459,410 | $ | 513,542 | |||||
Dechra Pharmaceuticals PLC | 28,426 | 424,938 | ||||||
Development Securities PLC | 54,420 | 187,425 | ||||||
Devro PLC | 61,736 | 261,882 | ||||||
Dialight PLC | 6,875 | 77,157 | ||||||
Dignity PLC | 14,869 | 402,612 | ||||||
Diploma PLC | 47,778 | 568,476 | ||||||
Domino Printing Sciences PLC | 50,875 | 706,149 | ||||||
Domino’s Pizza Group PLC | 72,313 | 832,489 | ||||||
Doric Nimrod Air Three, Ltd. Preference Shares | 53,845 | 90,724 | ||||||
E2V Technologies PLC | 102,721 | 294,305 | ||||||
Electrocomponents PLC | 172,632 | 618,898 | ||||||
EnQuest PLC (a)(b) | 296,319 | 153,960 | ||||||
Enterprise Inns PLC (b) | 429,959 | 640,189 | ||||||
esure Group PLC | 112,314 | 350,800 | ||||||
Exova Group PLC (b) | 56,685 | 134,638 | ||||||
F&C Commercial Property Trust, Ltd. | 280,065 | 567,508 | ||||||
FDM Group Holdings PLC (b) | 39,979 | 199,412 | ||||||
Fenner PLC | 164,526 | 492,752 | ||||||
Fidessa Group PLC | 18,892 | 618,677 | ||||||
Findel PLC (b) | 30,073 | 103,684 | ||||||
Flybe Group PLC (b) | 120,486 | 103,740 | ||||||
Foxtons Group PLC | 94,741 | 288,670 | ||||||
Fuller Smith & Turner PLC (Class A) | 19,812 | 297,345 | ||||||
Galliford Try PLC | 77,974 | 1,649,473 | ||||||
Games Workshop Group PLC | 6,091 | 45,165 | ||||||
Gem Diamonds, Ltd. (b) | 95,923 | 195,797 | ||||||
Genus PLC | 33,414 | 679,067 | ||||||
Go-Ahead Group PLC | 17,438 | 603,161 | ||||||
Grainger PLC | 169,787 | 519,977 | ||||||
Greggs PLC | 50,863 | 771,673 | ||||||
Gulf Keystone Petroleum, Ltd. (a)(b) | 424,154 | 229,825 | ||||||
Gulf Marine Services PLC | 83,018 | 154,358 | ||||||
Halfords Group PLC | 85,370 | 583,980 | ||||||
Hansteen Holdings PLC | 171,711 | 311,749 | ||||||
Hardy Oil & Gas PLC (b) | 17,716 | 7,758 | ||||||
Headlam Group PLC | 19,327 | 123,515 | ||||||
Helical Bar PLC | 40,816 | 238,882 | ||||||
HellermannTyton Group PLC | 71,566 | 355,160 | ||||||
Hilton Food Group PLC | 30,686 | 199,068 | ||||||
Hochschild Mining PLC (a)(b) | 61,507 | 81,035 | ||||||
Hogg Robinson Group PLC | 30,608 | 21,356 | ||||||
Homeserve PLC | 134,975 | 766,618 | ||||||
Huntsworth PLC | 72,414 | 45,956 | ||||||
IGAS Energy PLC (b) | 30,689 | 11,845 | ||||||
Imagination Technologies Group PLC (b) | 86,513 | 270,728 | ||||||
Infinis Energy PLC (a) | 9,547 | 26,630 | ||||||
Innovation Group PLC | 558,345 | 234,154 | ||||||
Intelligent Energy Holdings PLC (b) | 47,762 | 91,287 | ||||||
Interserve PLC | 93,510 | 805,131 | ||||||
IP Group PLC (b) | 217,506 | 729,727 | ||||||
ITE Group PLC | 303,703 | 813,780 | ||||||
J.D. Wetherspoon PLC | 129,690 | 1,448,750 | ||||||
James Fisher & Sons PLC | 19,697 | 382,754 | ||||||
JD Sports Fashion PLC | 14,085 | 100,260 | ||||||
John Menzies PLC | 20,610 | 114,733 | ||||||
Johnston Press PLC (b) | 28,326 | 61,498 | ||||||
Just Retirement Group PLC | 62,773 | 153,199 | ||||||
Kcom Group PLC | 216,503 | 293,277 | ||||||
Keller Group PLC | 55,436 | 780,566 | ||||||
Kier Group PLC | 23,846 | 562,143 | ||||||
Laird PLC | 198,913 | 991,868 | ||||||
Lamprell PLC (b) | 116,070 | 205,906 | ||||||
Lancashire Holdings, Ltd. | 60,341 | 559,852 | ||||||
Lavendon Group PLC | 78,892 | 197,925 | ||||||
Londonmetric Property PLC | 140,831 | 338,265 | ||||||
Lookers PLC | 129,223 | 275,758 | ||||||
Low & Bonar PLC | 88,126 | 75,550 | ||||||
LSL Property Services PLC | 39,970 | 200,851 | ||||||
Luxfer Holdings PLC ADR | 8,851 | 118,338 | ||||||
Marshalls PLC | 102,420 | 422,678 | ||||||
Marston’s PLC | 146,320 | 330,814 | ||||||
McBride PLC (b) | 145,472 | 200,297 | ||||||
McColl’s Retail Group PLC | 61,648 | 158,324 | ||||||
McKay Securities PLC | 53,314 | 197,862 | ||||||
Mears Group PLC | 33,929 | 213,559 | ||||||
Micro Focus International PLC | 67,601 | 1,185,178 | ||||||
Mitie Group PLC (a) | 254,789 | 1,043,927 | ||||||
Moneysupermarket.com Group PLC | 222,538 | 889,654 | ||||||
Morgan Advanced Materials PLC | 176,725 | 893,296 | ||||||
Morgan Sindall PLC | 65,153 | 760,700 | ||||||
Mothercare PLC (b) | 59,366 | 181,766 | ||||||
Mucklow A & J Group PLC | 14,497 | 104,161 | ||||||
NCC Group PLC | 73,798 | 214,724 | ||||||
NMC Health PLC | 12,168 | 120,031 | ||||||
Northgate PLC | 48,090 | 421,913 | ||||||
Novae Group PLC | 26,279 | 278,540 | ||||||
OneSavings Bank PLC (a)(b) | 59,459 | 242,513 | ||||||
Ophir Energy PLC (b) | 74,191 | 148,464 | ||||||
Optos PLC (b) | 43,175 | 221,122 | ||||||
Oxford Immunotec Global PLC (a)(b) | 2,734 | 38,495 | ||||||
Oxford Instruments PLC | 23,315 | 289,522 | ||||||
Pace PLC | 171,245 | 877,036 | ||||||
Paragon Group of Cos. PLC | 129,164 | 808,968 | ||||||
PayPoint PLC | 83,459 | 1,015,939 | ||||||
Pendragon PLC | 517,307 | 301,418 | ||||||
Petra Diamonds, Ltd. (b) | 174,627 | 472,843 | ||||||
Petropavlovsk PLC (a)(b) | 110,179 | 9,372 | ||||||
Pets at Home Group PLC | 97,666 | 364,638 | ||||||
Photo-Me International PLC | 49,960 | 109,024 | ||||||
Polypipe Group PLC | 37,344 | 153,422 | ||||||
Poundland Group PLC | 71,977 | 389,789 | ||||||
Premier Farnell PLC | 361,958 | 994,055 | ||||||
Premier Foods PLC (b) | 445,561 | 281,110 | ||||||
Quintain Estates & Development PLC (b) | 181,201 | 254,198 | ||||||
Rank Group PLC | 13,327 | 36,818 | ||||||
Rathbone Brothers PLC | 18,968 | 583,997 | ||||||
Raven Russia, Ltd. (b) | 155,201 | 113,470 | ||||||
Redrow PLC | 132,821 | 708,639 | ||||||
Renewables Infrastructure Group, Ltd. | 97,788 | 149,884 | ||||||
Renishaw PLC | 18,882 | 684,501 | ||||||
Renold PLC (b) | 83,065 | 66,587 | ||||||
Ricardo PLC | 15,336 | 177,463 | ||||||
Robert Walters PLC | 14,223 | 76,011 | ||||||
RPC Group PLC | 75,794 | 652,594 |
See accompanying notes to financial statements.
227
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
RPS Group PLC | 228,260 | $ | 763,434 | |||||
Safestore Holdings PLC | 78,205 | 338,128 | ||||||
Savills PLC | 43,476 | 524,066 | ||||||
SDL PLC (b) | 45,992 | 297,509 | ||||||
Senior PLC | 459,016 | 2,215,944 | ||||||
Shanks Group PLC | 410,241 | 644,021 | ||||||
SIG PLC | 310,829 | 936,695 | ||||||
Skyepharma PLC (b) | 45,325 | 207,238 | ||||||
Speedy Hire PLC | 185,034 | 196,398 | ||||||
Spire Healthcare Group PLC (b)(f) | 82,489 | 457,982 | ||||||
Spirent Communications PLC | 332,965 | 431,265 | ||||||
Spirit Pub Co. PLC | 327,608 | 552,476 | ||||||
SSP Group PLC (b) | 125,285 | 552,378 | ||||||
ST Modwen Properties PLC | 70,703 | 466,436 | ||||||
St. Ives PLC | 61,539 | 154,389 | ||||||
SThree PLC | 57,195 | 295,685 | ||||||
Stobart Group, Ltd. | 114,475 | 176,736 | ||||||
Stock Spirits Group PLC | 88,932 | 272,621 | ||||||
Stolt-Nielsen, Ltd. | 13,982 | 215,132 | ||||||
SuperGroup PLC (b) | 19,848 | 281,237 | ||||||
SVG Capital PLC (b) | 16,177 | 121,395 | ||||||
Synergy Health PLC | 21,931 | 756,941 | ||||||
Synthomer PLC | 126,332 | 578,373 | ||||||
Ted Baker PLC | 10,360 | 384,486 | ||||||
Telecom Plus PLC (a) | 29,947 | 386,770 | ||||||
Topps Tiles PLC | 26,095 | 45,130 | ||||||
Trinity Mirror PLC (b) | 104,392 | 280,883 | ||||||
Tritax Big Box REIT PLC | 133,728 | 230,779 | ||||||
Tullett Prebon PLC | 219,707 | 1,217,864 | ||||||
Tyman PLC | 61,873 | 287,722 | ||||||
Unite Group PLC | 232,903 | 2,024,336 | ||||||
Urban & Civic PLC | 36,759 | 141,060 | ||||||
Vectura Group PLC (b) | 153,129 | 331,319 | ||||||
Vitec Group PLC | 3,225 | 30,664 | ||||||
Wilmington Group PLC | 21,619 | 74,537 | ||||||
Wincanton PLC (b) | 227,472 | 534,382 | ||||||
Workspace Group PLC | 43,705 | 554,401 | ||||||
Xaar PLC | 30,981 | 189,484 | ||||||
Xchanging PLC | 114,628 | 231,000 | ||||||
Zeal Network SE | 4,419 | 237,348 | ||||||
Zoopla Property Group PLC (a)(f) | 139,853 | 375,155 | ||||||
77,652,962 | ||||||||
UNITED STATES — 0.2% | ||||||||
Diligent Board Member Services, Inc. (b) | 58,239 | 235,836 | ||||||
Eros International PLC (a)(b) | 15,437 | 269,684 | ||||||
Kofax, Ltd. (a)(b) | 25,345 | 277,528 | ||||||
LivePerson, Inc. (b) | 30,161 | 319,304 | ||||||
Magnachip Semiconductor Corp. (a)(b) | 24,063 | 131,625 | ||||||
Ormat Technologies, Inc. | 8,573 | 324,441 | ||||||
1,558,418 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $770,102,715) | 695,649,155 | |||||||
RIGHTS — 0.0% (d) | ||||||||
NEW ZEALAND — 0.0% (d) | ||||||||
Precinct Properties New Zealand, Ltd. (expired 3/18/15) (b) | 37,204 | 698 | ||||||
SWEDEN — 0.0% (d) | ||||||||
Com Hem Holding AB (expiring 4/21/15) (b) | 40,522 | 465 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $0) | 1,163 | |||||||
WARRANTS — 0.0% (d) | ||||||||
HONG KONG — 0.0% (d) | ||||||||
HKC Holdings, Ltd. (expiring 10/17/15) (b) | 276,200 | 2,850 | ||||||
ISRAEL — 0.0% (d) | ||||||||
Africa Israel Investments, Ltd. (expiring 03/31/15) (b)(c) | 3,032 | 9 | ||||||
SINGAPORE — 0.0% (d) | ||||||||
Interra Resources, Ltd. (expiring 12/08/15) (b) | 25,700 | 393 | ||||||
TOTAL WARRANTS — | ||||||||
(Cost $0) | 3,252 | |||||||
SHORT TERM INVESTMENTS — 13.3% | ||||||||
UNITED STATES — 13.3% | ||||||||
MONEY MARKET FUNDS — 13.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (h)(i) | 92,302,157 | 92,302,157 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (i)(j) | 1,351,920 | 1,351,920 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $93,654,077) | 93,654,077 | |||||||
TOTAL INVESTMENTS — 112.3% | ||||||||
(Cost $863,756,792) | 789,307,647 | |||||||
OTHER ASSETS & LIABILITIES — (12.3)% | (86,686,419 | ) | ||||||
NET ASSETS — 100.0% | $ | 702,621,228 | ||||||
See accompanying notes to financial statements.
228
SPDR S&P International Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(c) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight 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) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs (Note 2). | |||||
(f) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.5% of net assets as of March 31, 2015, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(g) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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. |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
SCA = Societe en Commandite par Actions (partnership limited by shares)
SDR = Swedish Depositary Receipt
See accompanying notes to financial statements.
229
SPDR Dow Jones International Real Estate ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.8% | ||||||||
AUSTRALIA — 12.8% | ||||||||
Astro Japan Property Group | 732,903 | $ | 2,799,507 | |||||
BGP Holdings PLC (a)(b) | 32,410,441 | 0 | ||||||
BWP Trust | 5,587,816 | 12,806,438 | ||||||
Charter Hall Retail REIT | 3,469,987 | 11,372,348 | ||||||
Dexus Property Group | 10,336,596 | 59,856,559 | ||||||
Goodman Group | 17,811,874 | 86,406,883 | ||||||
GPT Group | 20,141,533 | 70,319,167 | ||||||
Investa Office Fund | 7,011,834 | 20,891,096 | ||||||
Novion Property Group | 27,085,473 | 51,936,795 | ||||||
Scentre Group | 60,777,417 | 173,651,620 | ||||||
Westfield Corp. | 21,821,517 | 159,203,756 | ||||||
649,244,169 | ||||||||
AUSTRIA — 1.4% | ||||||||
Atrium European Real Estate, Ltd. (a) | 1,374,348 | 6,422,290 | ||||||
BUWOG AG (a)(c) | 578,211 | 11,867,280 | ||||||
CA Immobilien Anlagen AG (a)(c) | 927,439 | 17,391,368 | ||||||
IMMOFINANZ AG (a)(c) | 12,075,204 | 35,495,509 | ||||||
71,176,447 | ||||||||
BELGIUM — 0.8% | ||||||||
Befimmo SA | 219,621 | 14,907,166 | ||||||
Cofinimmo SA | 198,003 | 23,211,310 | ||||||
38,118,476 | ||||||||
BRAZIL — 0.6% | ||||||||
BR Malls Participacoes SA | 5,281,340 | 27,992,209 | ||||||
CANADA — 10.3% | ||||||||
Artis REIT | 767,226 | 9,074,651 | ||||||
Boardwalk REIT | 290,456 | 13,519,448 | ||||||
Brookfield Asset Management, Inc. (Class A) | 6,543,934 | 350,008,756 | ||||||
Calloway REIT | 757,503 | 17,404,925 | ||||||
Canadian Apartment Properties REIT | 624,915 | 14,407,831 | ||||||
Canadian REIT | 406,089 | 14,912,909 | ||||||
Chartwell Retirement Residences | 973,017 | 9,495,847 | ||||||
Crombie Real Estate Investment Trust | 726,762 | 7,735,296 | ||||||
First Capital Realty, Inc. (c) | 1,159,999 | 18,070,888 | ||||||
H&R REIT | 1,541,067 | 28,387,756 | ||||||
RioCan REIT | 1,772,539 | 40,545,168 | ||||||
523,563,475 | ||||||||
CHINA — 2.6% | ||||||||
Hongkong Land Holdings, Ltd. | 13,429,000 | 101,388,950 | ||||||
Kerry Properties, Ltd. | 8,087,670 | 28,113,156 | ||||||
129,502,106 | ||||||||
FRANCE — 10.8% | ||||||||
Fonciere Des Regions (d) | 519,244 | 51,400,248 | ||||||
Fonciere Des Regions (a)(c)(d) | 32,413 | 3,124,337 | ||||||
Gecina SA | 408,964 | 55,276,742 | ||||||
Klepierre | 2,383,305 | 116,951,264 | ||||||
Mercialys SA REIT | 629,301 | 15,974,165 | ||||||
Unibail-Rodamco SE | 1,119,046 | 301,725,701 | ||||||
544,452,457 | ||||||||
HONG KONG — 7.6% | ||||||||
Champion REIT | 29,440,174 | 14,011,807 | ||||||
Hang Lung Group, Ltd. | 10,486,808 | 47,814,559 | ||||||
Hang Lung Properties, Ltd. | 26,111,755 | 73,420,945 | ||||||
Hysan Development Co., Ltd. | 7,988,846 | 35,034,053 | ||||||
Kerry Logistics Network, Ltd. | 250 | 368 | ||||||
Link REIT | 26,160,855 | 161,289,927 | ||||||
Prosperity REIT | 14,259,000 | 5,186,395 | ||||||
Wheelock & Co., Ltd. | 9,250,545 | 47,308,364 | ||||||
384,066,418 | ||||||||
ITALY — 0.2% | ||||||||
Beni Stabili SpA (c) | 11,322,716 | 8,877,233 | ||||||
Immobiliare Grande Distribuzione SpA | 3,485,859 | 3,481,744 | ||||||
12,358,977 | ||||||||
JAPAN — 21.0% | ||||||||
Activia Properties, Inc. | 2,893 | 25,305,458 | ||||||
Aeon Mall Co., Ltd. | 1,327,340 | 26,342,040 | ||||||
Daibiru Corp. | 666,400 | 6,890,440 | ||||||
Daiwa Office Investment Corp. (c) | 3,218 | 17,388,068 | ||||||
Frontier Real Estate Investment Corp. | 5,325 | 25,353,971 | ||||||
Fukuoka REIT Corp. | 7,082 | 13,228,001 | ||||||
Global One Real Estate Investment Corp. (c) | 2,144 | 7,401,426 | ||||||
Hankyu REIT, Inc. | 6,155 | 7,775,547 | ||||||
Heiwa Real Estate Co., Ltd. | 415,000 | 5,841,317 | ||||||
Hoshino Resorts REIT, Inc. | 489 | 6,002,151 | ||||||
Hulic Co., Ltd. (c) | 4,411,590 | 49,698,212 | ||||||
Hulic Reit, Inc. | 8,551 | 13,155,385 | ||||||
Japan Excellent, Inc. | 13,847 | 18,093,182 | ||||||
Japan Prime Realty Investment Corp. | 9,429 | 32,511,082 | ||||||
Japan Real Estate Investment Corp. | 14,292 | 67,333,584 | ||||||
Japan Retail Fund Investment Corp. | 27,663 | 55,037,664 | ||||||
Kenedix Office Investment Corp. | 4,372 | 23,988,126 | ||||||
Kenedix Residential Investment Corp. (c) | 3,972 | 12,337,461 | ||||||
Mitsui Fudosan Co., Ltd. | 11,317,000 | 333,069,431 | ||||||
Mori Hills REIT Investment Corp. | 13,605 | 19,206,391 | ||||||
Mori Trust Sogo REIT, Inc. | 11,760 | 24,378,036 | ||||||
Nippon Building Fund, Inc. | 16,118 | 79,296,394 | ||||||
Nomura Real Estate Office Fund, Inc. | 4,257 | 20,694,859 | ||||||
NTT Urban Development Corp. | 1,236,731 | 12,395,669 | ||||||
Orix JREIT, Inc. | 25,373 | 36,390,711 | ||||||
Premier Investment Corp. (c) | 2,652 | 15,280,650 | ||||||
Tokyu Fudosan Holdings Corp. | 5,834,200 | 39,891,966 | ||||||
Tokyu REIT, Inc. | 10,598 | 13,759,505 | ||||||
Top REIT, Inc. | 2,047 | 8,525,966 | ||||||
United Urban Investment Corp. | 30,192 | 47,103,800 | ||||||
1,063,676,493 | ||||||||
NETHERLANDS — 1.2% | ||||||||
Eurocommercial Properties NV | 494,742 | 22,664,851 | ||||||
VastNed Retail NV | 216,523 | 10,602,918 | ||||||
Wereldhave NV | 400,119 | 26,857,979 | ||||||
60,125,748 | ||||||||
See accompanying notes to financial statements.
230
SPDR Dow Jones International Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
NEW ZEALAND — 0.8% | ||||||||
Argosy Property, Ltd. | 8,822,290 | $ | 7,542,053 | |||||
Goodman Property Trust | 11,400,792 | 10,216,599 | ||||||
Kiwi Income Property Group, Ltd. | 12,924,782 | 12,551,522 | ||||||
Precinct Properties New Zealand, Ltd. (c) | 10,997,126 | 9,689,926 | ||||||
40,000,100 | ||||||||
PHILIPPINES — 2.1% | ||||||||
Ayala Land, Inc. | 66,827,700 | 57,558,534 | ||||||
SM Prime Holdings, Inc. | 111,768,500 | 49,958,269 | ||||||
107,516,803 | ||||||||
SINGAPORE — 7.4% | ||||||||
Ascendas REIT | 23,271,831 | 43,941,126 | ||||||
Cambridge Industrial Trust (c) | 13,654,979 | 7,067,897 | ||||||
CapitaCommercial Trust (c) | 23,900,676 | 30,753,585 | ||||||
CapitaLand, Ltd. (c) | 29,753,999 | 77,654,966 | ||||||
CapitaMall Trust | 29,560,668 | 47,410,855 | ||||||
Frasers Commercial Trust | 5,767,804 | 6,307,287 | ||||||
Global Logistic Properties, Ltd. | 35,359,200 | 68,310,768 | ||||||
Guocoland, Ltd. (c) | 3,582,666 | 4,753,555 | ||||||
Keppel REIT (c) | 19,572,400 | 17,122,461 | ||||||
Mapletree Logistics Trust | 17,105,049 | 15,525,105 | ||||||
Starhill Global REIT | 15,701,482 | 9,558,021 | ||||||
Suntec REIT (c) | 28,703,351 | 38,816,590 | ||||||
United Industrial Corp., Ltd. (c) | 2,268,445 | 5,672,353 | ||||||
372,894,569 | ||||||||
SOUTH AFRICA — 1.6% | ||||||||
Capital Property Fund | 17,493,680 | 20,213,476 | ||||||
Fountainhead Property Trust | 6,066,342 | 5,156,985 | ||||||
Growthpoint Properties, Ltd. REIT | 20,184,297 | 47,760,965 | ||||||
SA Corporate Real Estate Fund Nominees Pty, Ltd. | 17,017,706 | 6,882,225 | ||||||
80,013,651 | ||||||||
SPAIN — 0.0% (e) | ||||||||
Martinsa-Fadesa SA (a)(b)(f) | 35,998 | 0 | ||||||
SWEDEN — 2.2% | ||||||||
Castellum AB | 1,959,830 | 29,610,896 | ||||||
Fabege AB (c) | 1,605,239 | 23,043,534 | ||||||
Great Portland Estates PLC | 3,914,732 | 47,159,704 | ||||||
Kungsleden AB | 1,805,209 | 13,972,287 | ||||||
113,786,421 | ||||||||
SWITZERLAND — 2.0% | ||||||||
PSP Swiss Property AG (a) | 438,483 | 41,374,412 | ||||||
Swiss Prime Site AG (a) | 690,648 | 60,084,172 | ||||||
101,458,584 | ||||||||
THAILAND — 0.4% | ||||||||
Central Pattana PCL NVDR | 15,373,376 | 20,197,044 | ||||||
UNITED KINGDOM — 14.0% | ||||||||
Big Yellow Group PLC | 1,690,867 | 16,252,858 | ||||||
British Land Co. PLC | 11,680,211 | 144,349,553 | ||||||
Capital & Counties Properties PLC | 8,461,076 | 50,342,389 | ||||||
Derwent London PLC | 1,228,791 | 62,458,607 | ||||||
Grainger PLC | 4,748,667 | 14,542,915 | ||||||
Hammerson PLC | 8,952,548 | 88,378,946 | ||||||
Intu Properties PLC | 10,748,786 | 55,528,913 | ||||||
Land Securities Group PLC | 9,143,843 | 170,082,780 | ||||||
Segro PLC | 8,447,019 | 52,277,629 | ||||||
Shaftesbury PLC | 3,161,837 | 38,981,597 | ||||||
Workspace Group PLC | 1,339,564 | 16,992,452 | ||||||
710,188,639 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $4,335,436,211) | 5,050,332,786 | |||||||
RIGHTS — 0.0% (e) | ||||||||
NEW ZEALAND — 0.0% (e) | ||||||||
Precinct Properties New Zealand, Ltd. (expired 3/18/15) (a) (Cost $0) | 1,414,454 | 26,517 | ||||||
SHORT TERM INVESTMENTS — 2.2% | ||||||||
UNITED STATES — 2.2% | ||||||||
MONEY MARKET FUNDS — 2.2% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 85,444,356 | 85,444,356 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (h)(i) | 26,690,924 | 26,690,924 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $112,135,280) | 112,135,280 | |||||||
TOTAL INVESTMENTS — 102.0% | ||||||||
(Cost $4,447,571,491) | 5,162,494,583 | |||||||
OTHER ASSETS & LIABILITIES — (2.0)% | (99,045,493 | ) | ||||||
NET ASSETS — 100.0% | $ | 5,063,449,090 | ||||||
(a) | Non-income producing security | |||||
(b) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (Note 2). | |||||
(c) | A portion of the security was on loan at March 31, 2015. | |||||
(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. |
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
231
SPDR S&P Global Infrastructure ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 100.0% | ||||||||
AUSTRALIA — 7.8% | ||||||||
Macquarie Atlas Roads Group (a) | 194,370 | $ | 482,589 | |||||
Qube Holdings Ltd. | 354,827 | 805,078 | ||||||
Sydney Airport | 555,401 | 2,197,867 | ||||||
Transurban Group | 815,924 | 5,940,290 | ||||||
9,425,824 | ||||||||
AUSTRIA — 0.4% | ||||||||
Flughafen Wien AG | 5,370 | 466,869 | ||||||
BRAZIL — 1.0% | ||||||||
Companhia Energetica de Minas Gerais ADR | 53,684 | 219,568 | ||||||
CPFL Energia SA ADR | 20,700 | 263,304 | ||||||
Ultrapar Participacoes SA ADR | 38,642 | 780,568 | ||||||
1,263,440 | ||||||||
CANADA — 8.0% | ||||||||
AltaGas, Ltd. (a) | 11,920 | 397,741 | ||||||
Enbridge, Inc. (a) | 75,859 | 3,656,685 | ||||||
Inter Pipeline, Ltd. | 29,720 | 765,938 | ||||||
Pembina Pipeline Corp. (a) | 30,324 | 958,205 | ||||||
TransCanada Corp. (a) | 63,181 | 2,701,842 | ||||||
Veresen, Inc. (a) | 25,486 | 335,655 | ||||||
Westshore Terminals Investment Corp. (a) | 31,139 | 767,841 | ||||||
9,583,907 | ||||||||
CHILE — 0.7% | ||||||||
Empresa Nacional de Electricidad SA ADR | 8,147 | 367,022 | ||||||
Enersis SA ADR | 28,526 | 463,833 | ||||||
830,855 | ||||||||
CHINA — 0.5% | ||||||||
China Longyuan Power Group Corp. (Class H) | 251,000 | 272,916 | ||||||
Huaneng Power International Inc, ADR | 6,458 | 310,500 | ||||||
583,416 | ||||||||
FRANCE — 6.8% | ||||||||
Aeroports de Paris | 16,702 | 1,996,493 | ||||||
GDF Suez | 112,495 | 2,223,685 | ||||||
Groupe Eurotunnel SE | 281,295 | 4,030,157 | ||||||
8,250,335 | ||||||||
GERMANY — 2.8% | ||||||||
E.ON SE | 148,144 | 2,209,195 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 18,891 | 1,129,485 | ||||||
3,338,680 | ||||||||
HONG KONG — 5.1% | ||||||||
Beijing Enterprises Water Group, Ltd. (b) | 336,000 | 228,823 | ||||||
China Gas Holdings, Ltd. | 166,000 | 271,919 | ||||||
China Merchants Holdings International Co., Ltd. | 916,740 | 3,588,660 | ||||||
China Resources and Transportation Group, Ltd. (a)(b) | 7,735,791 | 143,679 | ||||||
China Resources Power Holdings Co., Ltd. | 132,000 | 331,317 | ||||||
COSCO Pacific, Ltd. | 857,413 | 1,123,599 | ||||||
Guangdong Investment, Ltd. | 212,000 | 277,816 | ||||||
Hopewell Highway Infrastructure, Ltd. (a) | 504,500 | 240,113 | ||||||
6,205,926 | ||||||||
ITALY — 7.2% | ||||||||
Ansaldo STS SpA | 61,373 | 621,575 | ||||||
Atlantia SpA | 206,770 | 5,429,634 | ||||||
Enel SpA | 480,362 | 2,173,007 | ||||||
Societa Iniziative Autostradali e Servizi SpA | 34,906 | 405,631 | ||||||
8,629,847 | ||||||||
JAPAN — 4.4% | ||||||||
Japan Airport Terminal Co., Ltd. (a) | 37,200 | 2,258,211 | ||||||
Kamigumi Co., Ltd. | 132,000 | 1,249,281 | ||||||
Mitsubishi Logistics Corp. (a) | 85,000 | 1,328,956 | ||||||
Sumitomo Warehouse Co., Ltd. | 78,000 | 432,520 | ||||||
5,268,968 | ||||||||
MEXICO — 2.1% | ||||||||
Grupo Aeroportuario del Pacifico SAB de CV ADR (a) | 17,502 | 1,147,081 | ||||||
Grupo Aeroportuario del Sureste SAB de CV, ADR (b) | 10,344 | 1,390,441 | ||||||
2,537,522 | ||||||||
NETHERLANDS — 0.3% | ||||||||
Koninklijke Vopak NV | 5,923 | 326,971 | ||||||
NEW ZEALAND — 1.3% | ||||||||
Auckland International Airport, Ltd. | 465,952 | 1,572,378 | ||||||
SINGAPORE — 2.5% | ||||||||
Hutchison Port Holdings Trust (a) | 2,762,000 | 1,919,590 | ||||||
SATS Ltd. | 327,800 | 736,039 | ||||||
SIA Engineering Co., Ltd. (a) | 126,152 | 368,790 | ||||||
3,024,419 | ||||||||
SPAIN — 5.1% | ||||||||
Abertis Infraestructuras SA | 197,556 | 3,571,967 | ||||||
Iberdrola SA | 396,784 | 2,557,728 | ||||||
6,129,695 | ||||||||
SWITZERLAND — 1.3% | ||||||||
Flughafen Zuerich AG | 1,947 | 1,535,470 | ||||||
UNITED KINGDOM — 6.5% | ||||||||
BBA Aviation PLC | 223,154 | 1,115,062 | ||||||
Centrica PLC | 376,026 | 1,412,274 | ||||||
National Grid PLC | 285,356 | 3,662,967 | ||||||
SSE PLC | 73,107 | 1,625,741 | ||||||
7,816,044 | ||||||||
UNITED STATES — 36.2% | ||||||||
American Electric Power Co., Inc. | 36,291 | 2,041,369 | ||||||
Cheniere Energy, Inc. (b) | 19,617 | 1,518,356 | ||||||
Consolidated Edison, Inc. (a) | 21,650 | 1,320,650 | ||||||
Dominion Resources, Inc. | 43,543 | 3,085,892 | ||||||
Duke Energy Corp. | 52,384 | 4,022,044 | ||||||
Edison International | 24,092 | 1,505,027 | ||||||
Exelon Corp. (a) | 63,653 | 2,139,377 | ||||||
Kinder Morgan, Inc. | 143,868 | 6,051,088 |
See accompanying notes to financial statements.
232
SPDR S&P Global Infrastructure ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
NextEra Energy, Inc. | 32,842 | $ | 3,417,210 | |||||
ONEOK, Inc. (a) | 18,569 | 895,769 | ||||||
PG&E Corp. | 35,237 | 1,870,028 | ||||||
PPL Corp. | 49,388 | 1,662,400 | ||||||
Public Service Enterprise Group, Inc. | 37,432 | 1,569,149 | ||||||
SemGroup Corp.(Class A) | 3,875 | 315,193 | ||||||
Sempra Energy | 17,145 | 1,869,148 | ||||||
Southern Co. (a) | 67,392 | 2,984,118 | ||||||
Spectra Energy Corp. (a) | 59,795 | 2,162,785 | ||||||
Targa Resources Corp. | 4,304 | 412,280 | ||||||
Wesco Aircraft Holdings, Inc. (a)(b) | 28,888 | 442,564 | ||||||
Williams Cos., Inc. | 59,924 | 3,031,555 | ||||||
Xcel Energy, Inc. | 37,500 | 1,305,375 | ||||||
43,621,377 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $117,811,959) | 120,411,943 | |||||||
SHORT TERM INVESTMENTS — 9.4% | ||||||||
UNITED STATES — 9.4% | ||||||||
MONEY MARKET FUNDS — 9.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 11,133,914 | 11,133,914 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (d)(e) | 208,226 | 208,226 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $11,342,140) | 11,342,140 | |||||||
TOTAL INVESTMENTS — 109.4% | ||||||||
(Cost $129,154,099) | 131,754,083 | |||||||
OTHER ASSETS & LIABILITIES — (9.4)% | (11,288,318 | ) | ||||||
NET ASSETS — 100.0% | $ | 120,465,765 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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.
233
SPDR S&P Global Natural Resources ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AUSTRALIA — 9.7% | ||||||||
Amcor, Ltd. | 1,147,724 | $ | 12,310,327 | |||||
BHP Billiton, Ltd. | 1,402,832 | 33,254,654 | ||||||
Fortescue Metals Group, Ltd. (a) | 921,993 | 1,380,539 | ||||||
Newcrest Mining, Ltd. (b) | 413,666 | 4,225,190 | ||||||
Rio Tinto, Ltd. (a) | 236,659 | 10,346,936 | ||||||
Woodside Petroleum, Ltd. | 125,890 | 3,319,915 | ||||||
64,837,561 | ||||||||
BRAZIL — 1.6% | ||||||||
Fibria Celulose SA ADR (a)(b) | 208,584 | 2,947,292 | ||||||
Gerdau SA ADR (a) | 484,253 | 1,549,610 | ||||||
Petroleo Brasileiro SA ADR (a) | 264,515 | 1,589,735 | ||||||
Vale SA ADR (a) | 805,149 | 4,549,092 | ||||||
10,635,729 | ||||||||
CANADA — 12.3% | ||||||||
Agrium, Inc. (a) | 134,548 | 14,023,163 | ||||||
Barrick Gold Corp. | 633,947 | 6,948,059 | ||||||
Canadian Natural Resources, Ltd. (a) | 194,256 | 5,954,219 | ||||||
First Quantum Minerals, Ltd. | 325,443 | 3,944,374 | ||||||
Goldcorp, Inc. | 442,142 | 8,001,496 | ||||||
Imperial Oil, Ltd. (a) | 45,188 | 1,803,595 | ||||||
Potash Corp. of Saskatchewan, Inc. (a) | 777,407 | 25,071,376 | ||||||
Silver Wheaton Corp. | 197,499 | 3,751,935 | ||||||
Suncor Energy, Inc. | 258,344 | 7,549,397 | ||||||
Teck Resources, Ltd. (Class B) | 252,893 | 3,470,415 | ||||||
Yamana Gold, Inc. (a) | 508,108 | 1,821,406 | ||||||
82,339,435 | ||||||||
CHILE — 0.2% | ||||||||
Sociedad Quimica y Minera de Chile SA ADR | 86,586 | 1,580,195 | ||||||
CHINA — 0.6% | ||||||||
PetroChina Co., Ltd. (Class H) | 3,748,000 | 4,147,766 | ||||||
COLOMBIA — 0.1% | ||||||||
Ecopetrol SA ADR (a) | 43,854 | 667,458 | ||||||
FINLAND — 2.3% | ||||||||
Stora Enso Oyj (a) | 533,942 | 5,499,419 | ||||||
UPM-Kymmene Oyj | 498,370 | 9,698,716 | ||||||
15,198,135 | ||||||||
FRANCE — 3.1% | ||||||||
Total SA (a) | 423,852 | 21,065,162 | ||||||
GERMANY — 1.7% | ||||||||
K+S AG | 161,506 | 5,274,839 | ||||||
ThyssenKrupp AG | 236,949 | 6,218,296 | ||||||
11,493,135 | ||||||||
HONG KONG — 0.6% | ||||||||
CNOOC, Ltd. | 2,855,000 | 4,035,934 | ||||||
INDIA — 0.9% | ||||||||
Reliance Industries, Ltd. GDR (c) | 140,538 | 3,717,230 | ||||||
Sesa Sterlite, Ltd. ADR | 160,614 | 1,991,614 | ||||||
5,708,844 | ||||||||
ISRAEL — 0.4% | ||||||||
Israel Chemicals, Ltd. | 402,391 | 2,863,597 | ||||||
ITALY — 1.2% | ||||||||
ENI SpA | 479,164 | 8,300,852 | ||||||
JAPAN — 4.2% | ||||||||
JFE Holdings, Inc. | 313,900 | 6,946,763 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 5,164,000 | 13,025,725 | ||||||
OJI Paper Co., Ltd. (a) | 925,000 | 3,794,872 | ||||||
Sumitomo Metal Mining Co., Ltd. (a) | 300,000 | 4,398,999 | ||||||
28,166,359 | ||||||||
LUXEMBOURG — 0.8% | ||||||||
ArcelorMittal (a) | 552,524 | 5,207,178 | ||||||
NORWAY — 2.3% | ||||||||
Norsk Hydro ASA | 744,282 | 3,914,843 | ||||||
Statoil ASA (a) | 186,957 | 3,312,710 | ||||||
Yara International ASA | 166,862 | 8,488,965 | ||||||
15,716,518 | ||||||||
PERU — 0.5% | ||||||||
Southern Copper Corp. (a) | 111,035 | 3,240,001 | ||||||
RUSSIA — 2.7% | ||||||||
Gazprom OAO ADR | 1,051,537 | 4,999,007 | ||||||
Lukoil OAO ADR (d) | 88,581 | 4,103,072 | ||||||
Lukoil OAO ADR (d) | 3,605 | 165,578 | ||||||
MMC Norilsk Nickel OJSC ADR | 265,843 | 4,722,701 | ||||||
Rosneft OAO GDR | 178,364 | 767,857 | ||||||
Surgutneftegas OAO ADR | 171,385 | 1,055,732 | ||||||
Uralkali PJSC GDR | 181,013 | 2,416,523 | ||||||
18,230,470 | ||||||||
SINGAPORE — 1.1% | ||||||||
Golden Agri-Resources, Ltd. (a) | 5,995,600 | 1,857,644 | ||||||
Wilmar International, Ltd. | 2,338,800 | 5,558,422 | ||||||
7,416,066 | ||||||||
SOUTH AFRICA — 0.5% | ||||||||
Sasol, Ltd. ADR (a) | 90,806 | 3,091,036 | ||||||
SOUTH KOREA — 1.4% | ||||||||
POSCO ADR | 174,214 | 9,522,537 | ||||||
SPAIN — 0.5% | ||||||||
Repsol YPF SA | 176,194 | 3,280,342 | ||||||
SWITZERLAND — 4.4% | ||||||||
Syngenta AG | 87,161 | 29,675,839 | ||||||
UNITED KINGDOM — 14.4% | ||||||||
Anglo American PLC | 755,155 | 11,344,807 | ||||||
Antofagasta PLC | 208,359 | 2,265,690 | ||||||
BG Group PLC | 606,120 | 7,459,224 | ||||||
BP PLC | 3,333,470 | 21,610,273 | ||||||
Fresnillo PLC | 99,837 | 1,011,520 | ||||||
Glencore PLC (b) | 6,005,575 | 25,488,793 | ||||||
Mondi PLC | 344,135 | 6,631,077 | ||||||
Royal Dutch Shell PLC (Class A) | 694,672 | 20,707,326 | ||||||
96,518,710 | ||||||||
UNITED STATES — 32.0% | ||||||||
Alcoa, Inc. | 640,786 | 8,278,955 | ||||||
Anadarko Petroleum Corp. | 56,280 | 4,660,547 | ||||||
Apache Corp. (a) | 41,608 | 2,510,211 | ||||||
Archer-Daniels-Midland Co. | 267,649 | 12,686,563 |
See accompanying notes to financial statements.
234
SPDR S&P Global Natural Resources ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Bunge, Ltd. | 60,460 | $ | 4,979,486 | |||||
CF Industries Holdings, Inc. | 20,666 | 5,862,531 | ||||||
Chevron Corp. | 209,477 | 21,990,895 | ||||||
ConocoPhillips | 136,382 | 8,491,143 | ||||||
Devon Energy Corp. | 42,538 | 2,565,467 | ||||||
EOG Resources, Inc. | 60,749 | 5,570,076 | ||||||
Exxon Mobil Corp. | 396,522 | 33,704,370 | ||||||
Freeport-McMoRan, Inc. | 564,575 | 10,698,696 | ||||||
Ingredion, Inc. (a) | 29,804 | 2,319,347 | ||||||
International Paper Co. | 176,136 | 9,773,787 | ||||||
MeadWestvaco Corp. | 69,189 | 3,450,455 | ||||||
Monsanto Co. (a) | 201,361 | 22,661,167 | ||||||
Mosaic Co. | 131,513 | 6,057,489 | ||||||
Newmont Mining Corp. | 271,601 | 5,896,458 | ||||||
Nucor Corp. (a) | 173,424 | 8,242,843 | ||||||
Occidental Petroleum Corp. | 86,085 | 6,284,205 | ||||||
Packaging Corp. of America | 40,973 | 3,203,679 | ||||||
Phillips 66 | 61,400 | 4,826,040 | ||||||
Plum Creek Timber Co., Inc. | 73,453 | 3,191,533 | ||||||
Rayonier, Inc. (a) | 52,587 | 1,417,745 | ||||||
Rock-Tenn Co. (Class A) | 58,433 | 3,768,928 | ||||||
Sealed Air Corp. | 87,943 | 4,006,683 | ||||||
Weyerhaeuser Co. | 218,236 | 7,234,523 | ||||||
214,333,822 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $756,982,146) | 667,272,681 | |||||||
SHORT TERM INVESTMENTS — 10.5% | ||||||||
UNITED STATES — 10.5% | ||||||||
MONEY MARKET FUNDS — 10.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 69,609,983 | 69,609,983 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) | 761,833 | 761,833 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $70,371,816) | 70,371,816 | |||||||
TOTAL INVESTMENTS — 110.0% | ||||||||
(Cost $827,353,962) | 737,644,497 | |||||||
OTHER ASSETS & LIABILITIES — (10.0)% | (66,852,869 | ) | ||||||
NET ASSETS — 100.0% | $ | 670,791,628 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(c) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.6% of net assets as of March 31, 2015, 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
OJSC = Open Joint Stock Company
PJSC = Public Joint Stock Company
PLC = Public Limited Company
See accompanying notes to financial statements.
235
SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.4% | ||||||||
AUSTRALIA — 5.2% | ||||||||
Alumina, Ltd. | 350,689 | $ | 429,994 | |||||
Amcor, Ltd. | 114,192 | 1,224,807 | ||||||
AMP, Ltd. | 125,025 | 615,103 | ||||||
Australia & New Zealand Banking Group, Ltd. | 118,012 | 3,303,290 | ||||||
BHP Billiton, Ltd. | 139,405 | 3,304,647 | ||||||
Boral, Ltd. | 127,913 | 623,448 | ||||||
Brambles, Ltd. | 86,656 | 762,634 | ||||||
Coca-Cola Amatil, Ltd. | 69,387 | 571,428 | ||||||
Commonwealth Bank of Australia | 64,722 | 4,618,105 | ||||||
CSL, Ltd. | 24,502 | 1,724,330 | ||||||
Fortescue Metals Group, Ltd. (a) | 98,322 | 147,222 | ||||||
Iluka Resources, Ltd. (a) | 19,259 | 125,060 | ||||||
Insurance Australia Group, Ltd. | 136,099 | 634,234 | ||||||
Lend Lease Group | 67,898 | 863,128 | ||||||
Macquarie Group, Ltd. | 21,047 | 1,232,766 | ||||||
National Australia Bank, Ltd. | 71,320 | 2,100,394 | ||||||
Newcrest Mining, Ltd. (b) | 28,402 | 290,098 | ||||||
Novion Property Group | 271,068 | 519,777 | ||||||
Origin Energy, Ltd. | 68,254 | 589,733 | ||||||
Qantas Airways, Ltd. (b) | 35,163 | 83,812 | ||||||
QBE Insurance Group, Ltd. | 42,271 | 421,100 | ||||||
Rio Tinto, Ltd. (a) | 15,522 | 678,635 | ||||||
Santos, Ltd. | 85,731 | 467,629 | ||||||
Scentre Group | 83,758 | 239,311 | ||||||
Sonic Healthcare, Ltd. (a) | 41,778 | 652,369 | ||||||
Suncorp Group, Ltd. | 90,308 | 931,376 | ||||||
Sydney Airport | 35,142 | 139,066 | ||||||
Toll Holdings, Ltd. | 23,419 | 158,514 | ||||||
Transurban Group | 66,312 | 482,781 | ||||||
Wesfarmers, Ltd. | 44,378 | 1,490,357 | ||||||
Westfield Corp. | 67,221 | 490,426 | ||||||
Westpac Banking Corp. | 125,783 | 3,784,101 | ||||||
Woodside Petroleum, Ltd. | 30,138 | 794,786 | ||||||
Woolworths, Ltd. (a) | 54,824 | 1,235,124 | ||||||
35,729,585 | ||||||||
AUSTRIA — 0.2% | ||||||||
Erste Group Bank AG | 24,156 | 595,015 | ||||||
OMV AG | 11,290 | 309,926 | ||||||
Raiffeisen Bank International AG (a) | 22,465 | 314,139 | ||||||
1,219,080 | ||||||||
BELGIUM — 1.0% | ||||||||
Ageas | 17,854 | 640,547 | ||||||
Ageas VVPR Strip (b)(c) | 266 | 0 | ||||||
Anheuser-Busch InBev NV | 30,770 | 3,760,745 | ||||||
Anheuser-Busch InBev NV VVPR Strip (b)(c) | 8,694 | 0 | ||||||
Delhaize Group | 5,108 | 459,287 | ||||||
KBC Groep NV (b) | 14,628 | 904,295 | ||||||
Solvay SA | 4,522 | 653,459 | ||||||
UCB SA | 7,584 | 548,580 | ||||||
6,966,913 | ||||||||
BRAZIL — 1.4% | ||||||||
Ambev SA ADR (a) | 290,080 | 1,670,861 | ||||||
B2W Cia Digital (b) | 16,900 | 105,489 | ||||||
Banco Bradesco SA Preference Shares ADR | 132,128 | 1,226,151 | ||||||
Banco do Brasil SA | 13,200 | 94,619 | ||||||
BM&FBovespa SA | 50,800 | 177,381 | ||||||
Cielo SA | 15,500 | 221,581 | ||||||
Companhia Energetica de Minas Gerais ADR | 138,815 | 567,753 | ||||||
Companhia Siderurgica Nacional SA ADR (a) | 71,337 | 119,846 | ||||||
EDP — Energias do Brasil SA | 52,600 | 170,336 | ||||||
Embraer SA | 25,700 | 197,408 | ||||||
Gerdau SA ADR (a) | 106,323 | 340,234 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 174,766 | 1,932,912 | ||||||
Kroton Educacional SA | 48,600 | 156,470 | ||||||
Odontoprev SA | 31,000 | 105,432 | ||||||
Petroleo Brasileiro SA Preference Shares ADR | 186,220 | 1,134,080 | ||||||
Qualicorp SA (b) | 13,830 | 98,659 | ||||||
Raia Drogasil SA | 13,300 | 119,180 | ||||||
Souza Cruz SA | 11,500 | 91,393 | ||||||
Sul America SA | 21,800 | 96,924 | ||||||
Tim Participacoes SA ADR (a) | 11,582 | 192,029 | ||||||
Totvs SA | 13,100 | 149,604 | ||||||
Vale SA ADR (a) | 23,761 | 134,250 | ||||||
Vale SA Preference Shares ADR (a) | 156,572 | 759,374 | ||||||
9,861,966 | ||||||||
CANADA — 6.7% | ||||||||
Agnico-Eagle Mines, Ltd. | 6,358 | 176,658 | ||||||
Agrium, Inc. (a) | 8,371 | 872,461 | ||||||
Alimentation Couche-Tard, Inc. (Class B) | 11,400 | 454,290 | ||||||
Bank of Montreal | 27,106 | 1,624,434 | ||||||
Bank of Nova Scotia | 42,496 | 2,132,014 | ||||||
Barrick Gold Corp. | 45,771 | 500,536 | ||||||
BlackBerry, Ltd. (a)(b) | 23,299 | 207,695 | ||||||
Bombardier, Inc. (Class B) | 81,000 | 159,889 | ||||||
Brookfield Asset Management, Inc. (Class A) | 28,196 | 1,508,091 | ||||||
CAE, Inc. | 16,400 | 191,387 | ||||||
Cameco Corp. (a) | 18,879 | 263,099 | ||||||
Canadian Imperial Bank of Commerce (a) | 16,782 | 1,216,678 | ||||||
Canadian National Railway Co. | 31,556 | 2,113,367 | ||||||
Canadian Natural Resources, Ltd. | 52,626 | 1,613,061 | ||||||
Canadian Oil Sands, Ltd. | 13,000 | 101,105 | ||||||
Canadian Pacific Railway, Ltd. (a) | 11,278 | 2,065,036 | ||||||
Canadian Tire Corp., Ltd. (Class A) | 5,540 | 564,411 | ||||||
Cenovus Energy, Inc. | 36,646 | 617,759 | ||||||
CGI Group, Inc. (Class A) (b) | 3,700 | 156,940 | ||||||
Constellation Software, Inc. | 500 | 172,823 | ||||||
Eldorado Gold Corp. | 24,162 | 110,842 | ||||||
Enbridge, Inc. (a) | 38,483 | 1,855,023 | ||||||
Encana Corp. | 36,839 | 411,294 | ||||||
Enerplus Corp. (a) | 14,815 | 150,197 | ||||||
Fairfax Financial Holdings, Ltd. | 300 | 168,180 | ||||||
First Quantum Minerals, Ltd. | 18,493 | 224,135 | ||||||
Franco-Nevada Corp. | 4,600 | 222,936 | ||||||
Gildan Activewear, Inc. | 39,502 | 1,164,631 |
See accompanying notes to financial statements.
236
SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Goldcorp, Inc. | 33,782 | $ | 611,357 | |||||
Husky Energy, Inc. (a) | 19,083 | 389,495 | ||||||
IGM Financial, Inc. (a) | 9,714 | 345,225 | ||||||
Imperial Oil, Ltd. | 21,419 | 854,900 | ||||||
Kinross Gold Corp. (b) | 42,428 | 94,135 | ||||||
Loblaw Cos., Ltd. (a) | 19,078 | 932,736 | ||||||
Magna International, Inc. | 4,200 | 224,542 | ||||||
Manulife Financial Corp. | 67,085 | 1,139,359 | ||||||
National Bank of Canada (a) | 20,524 | 749,333 | ||||||
New Gold, Inc. (b) | 23,976 | 80,456 | ||||||
Onex Corp. | 26,609 | 1,545,276 | ||||||
Penn West Petroleum, Ltd. (a) | 20,290 | 33,483 | ||||||
Potash Corp. of Saskatchewan, Inc. | 38,268 | 1,233,701 | ||||||
Restaurant Brands International, Inc. | 3,600 | 138,031 | ||||||
Rogers Communications, Inc. (Class B) (a) | 22,717 | 760,522 | ||||||
Royal Bank of Canada | 53,666 | 3,230,553 | ||||||
Shaw Communications, Inc. (Class B) (a) | 24,352 | 546,454 | ||||||
Silver Wheaton Corp. | 15,249 | 289,689 | ||||||
SNC-Lavalin Group, Inc. | 12,712 | 394,759 | ||||||
Sun Life Financial, Inc. | 27,088 | 834,777 | ||||||
Suncor Energy, Inc. | 53,369 | 1,559,563 | ||||||
Talisman Energy, Inc. (a) | 59,645 | 457,286 | ||||||
Teck Resources, Ltd. (Class B) | 34,003 | 466,618 | ||||||
TELUS Corp. | 15,941 | 529,521 | ||||||
Thomson Reuters Corp. (a) | 20,001 | 810,937 | ||||||
Toronto-Dominion Bank | 67,760 | 2,900,331 | ||||||
TransAlta Corp. (a) | 29,092 | 269,902 | ||||||
TransCanada Corp. (a) | 28,637 | 1,224,619 | ||||||
Valeant Pharmaceuticals International, Inc. (b) | 10,687 | 2,111,326 | ||||||
Yamana Gold, Inc. | 28,882 | 103,533 | ||||||
45,881,391 | ||||||||
CHILE — 0.3% | ||||||||
Empresa Nacional de Electricidad SA ADR | 23,781 | 1,071,334 | ||||||
Enersis SA ADR (a) | 73,313 | 1,192,069 | ||||||
Sociedad Quimica y Minera de Chile SA ADR | 5,571 | 101,671 | ||||||
2,365,074 | ||||||||
CHINA — 3.3% | ||||||||
Agricultural Bank of China, Ltd. (Class H) | 1,120,000 | 554,724 | ||||||
Bank of China, Ltd. (Class H) | 3,365,436 | 1,944,674 | ||||||
Bank of Communications Co., Ltd. (Class H) | 675,710 | 579,575 | ||||||
Brilliance China Automotive Holdings, Ltd. | 68,000 | 131,035 | ||||||
China CITIC Bank Corp., Ltd. (Class H) | 136,000 | 102,442 | ||||||
China Communications Construction Co., Ltd. (Class H) | 113,000 | 159,158 | ||||||
China Construction Bank Corp. (Class H) | 2,474,720 | 2,055,603 | ||||||
China COSCO Holdings Co., Ltd. (a)(b) | 484,295 | 254,858 | ||||||
China Life Insurance Co., Ltd. (Class H) | 392,000 | 1,716,537 | ||||||
China Merchants Bank Co., Ltd. (Class H) | 286,014 | 698,706 | ||||||
China Minsheng Banking Corp., Ltd. (Class H) | 95,500 | 116,649 | ||||||
China Pacific Insurance Group Co., Ltd. (Class H) | 71,800 | 341,726 | ||||||
China Petroleum & Chemical Corp. (Class H) | 1,317,800 | 1,048,726 | ||||||
China Shenhua Energy Co., Ltd. (Class H) | 96,500 | 246,445 | ||||||
China Telecom Corp., Ltd. (Class H) | 1,162,000 | 744,886 | ||||||
Great Wall Motor Co., Ltd. (Class H) | 26,500 | 187,307 | ||||||
Hengan International Group Co., Ltd. | 49,000 | 588,401 | ||||||
Huaneng Power International, Inc. (Class H) | 792,000 | 937,768 | ||||||
Industrial & Commercial Bank of China, Ltd. (Class H) | 2,672,045 | 1,971,366 | ||||||
Kingsoft Corp., Ltd. | 54,000 | 158,454 | ||||||
PetroChina Co., Ltd. (Class H) | 986,000 | 1,091,168 | ||||||
PICC Property & Casualty Co., Ltd. (Class H) | 235,610 | 465,565 | ||||||
Ping An Insurance Group Co. of China, Ltd. (Class H) | 98,000 | 1,178,065 | ||||||
Shandong Weigao Group Medical Polymer Co., Ltd. | 124,000 | 109,237 | ||||||
Tencent Holdings, Ltd. | 207,800 | 3,945,307 | ||||||
Tingyi Cayman Islands Holding Corp. | 194,000 | 417,374 | ||||||
Yanzhou Coal Mining Co., Ltd. (Class H) (a) | 192,000 | 164,188 | ||||||
Zhuzhou CSR Times Electric Co., Ltd. (Class H) | 22,000 | 144,433 | ||||||
Zijin Mining Group Co., Ltd. (Class H) (a) | 978,000 | 310,314 | ||||||
22,364,691 | ||||||||
COLOMBIA — 0.1% | ||||||||
BanColombia SA ADR (a) | 12,553 | 493,710 | ||||||
DENMARK — 1.2% | ||||||||
AP Moeller — Maersk A/S (Class B) (a) | 490 | 1,024,238 | ||||||
Danske Bank A/S | 33,013 | 870,886 | ||||||
DSV A/S | 25,373 | 788,985 | ||||||
Novo Nordisk A/S (Class B) | 96,808 | 5,177,196 | ||||||
Pandora A/S | 2,705 | 246,351 | ||||||
Vestas Wind Systems A/S | 5,154 | 213,318 | ||||||
8,320,974 | ||||||||
FINLAND — 0.9% | ||||||||
Elisa Oyj (a) | 16,218 | 407,584 | ||||||
Fortum Oyj | 24,178 | 507,917 | ||||||
Kone Oyj (Class B) (a) | 24,152 | 1,070,772 | ||||||
Metso Oyj (a) | 12,820 | 374,095 | ||||||
Neste Oil Oyj (a) | 15,525 | 406,842 | ||||||
Nokia Oyj | 103,141 | 787,599 | ||||||
Sampo Oyj (Class A) | 21,199 | 1,070,538 | ||||||
Stora Enso Oyj (a) | 42,720 | 440,001 | ||||||
UPM-Kymmene Oyj | 30,542 | 594,374 |
See accompanying notes to financial statements.
237
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Wartsila Oyj Abp (a) | 11,669 | $ | 516,590 | |||||
6,176,312 | ||||||||
FRANCE — 6.3% | ||||||||
Accor SA | 11,794 | 615,351 | ||||||
Air Liquide SA | 16,688 | 2,147,164 | ||||||
Alcatel-Lucent (b) | 73,017 | 276,039 | ||||||
Alstom SA (b) | 10,388 | 320,532 | ||||||
AXA SA | 66,030 | 1,663,339 | ||||||
BNP Paribas SA | 41,893 | 2,545,258 | ||||||
Bouygues SA | 11,765 | 461,705 | ||||||
Cap Gemini SA | 7,644 | 626,971 | ||||||
Carrefour SA | 30,247 | 1,009,967 | ||||||
Credit Agricole SA | 38,432 | 564,449 | ||||||
Danone SA | 25,757 | 1,732,258 | ||||||
Essilor International SA | 15,795 | 1,811,736 | ||||||
GDF Suez | 45,707 | 903,489 | ||||||
Hermes International | 504 | 177,762 | ||||||
Kering | 6,486 | 1,266,412 | ||||||
L’Oreal SA | 12,754 | 2,347,117 | ||||||
Lagardere SCA | 8,824 | 264,787 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 10,383 | 1,830,492 | ||||||
Orange SA | 87,096 | 1,399,842 | ||||||
Pernod Ricard SA | 9,062 | 1,072,044 | ||||||
Publicis Groupe SA | 11,998 | 925,590 | ||||||
Renault SA | 13,785 | 1,255,027 | ||||||
Sanofi | 45,709 | 4,512,977 | ||||||
Schneider Electric SE | 23,731 | 1,843,991 | ||||||
Societe Generale SA | 28,172 | 1,360,645 | ||||||
Sodexo SA | 6,884 | 671,248 | ||||||
Technip SA | 7,178 | 434,566 | ||||||
Total SA (a) | 94,590 | 4,701,060 | ||||||
Unibail-Rodamco SE | 3,442 | 928,058 | ||||||
Vallourec SA | 5,150 | 125,694 | ||||||
Veolia Environnement SA | 20,918 | 395,737 | ||||||
Vinci SA | 24,824 | 1,419,163 | ||||||
Vivendi SA | 60,389 | 1,499,836 | ||||||
43,110,306 | ||||||||
GERMANY — 6.6% | ||||||||
adidas AG (a) | 14,830 | 1,173,691 | ||||||
Allianz SE | 19,778 | 3,437,947 | ||||||
BASF SE | 41,211 | 4,096,318 | ||||||
Bayer AG | 32,351 | 4,862,557 | ||||||
Bayerische Motoren Werke AG | 12,812 | 1,602,362 | ||||||
Commerzbank AG (b) | 29,134 | 402,075 | ||||||
Daimler AG (a) | 41,490 | 3,998,391 | ||||||
Deutsche Bank AG | 44,939 | 1,561,838 | ||||||
Deutsche Boerse AG | 12,550 | 1,025,190 | ||||||
Deutsche Lufthansa AG | 18,156 | 255,054 | ||||||
Deutsche Post AG | 48,446 | 1,513,842 | ||||||
Deutsche Telekom AG | 131,713 | 2,411,888 | ||||||
E.ON SE | 84,158 | 1,255,005 | ||||||
Fresenius Medical Care AG & Co. KGaA | 13,636 | 1,134,406 | ||||||
Linde AG | 6,207 | 1,264,267 | ||||||
MAN SE | 7,076 | 744,763 | ||||||
Merck KGaA | 10,014 | 1,124,439 | ||||||
Metro AG | 8,922 | 302,750 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 9,965 | 2,148,508 | ||||||
OSRAM Licht AG | 3,660 | 181,998 | ||||||
RWE AG | 21,710 | 554,467 | ||||||
SAP SE | 41,703 | 3,024,602 | ||||||
Siemens AG | 37,735 | 4,081,107 | ||||||
ThyssenKrupp AG | 17,784 | 466,709 | ||||||
Volkswagen AG | 5,624 | 1,449,944 | ||||||
Volkswagen AG Preference Shares | 5,563 | 1,480,819 | ||||||
45,554,937 | ||||||||
GREECE — 0.1% | ||||||||
Hellenic Telecommunications Organization SA (b) | 10,653 | 94,391 | ||||||
JUMBO SA | 13,023 | 135,391 | ||||||
National Bank of Greece SA (b) | 67,305 | 79,514 | ||||||
OPAP SA | 18,750 | 175,801 | ||||||
485,097 | ||||||||
HONG KONG — 3.9% | ||||||||
AAC Technologies Holdings, Inc. | 17,000 | 104,920 | ||||||
AIA Group, Ltd. | 471,800 | 2,969,649 | ||||||
AviChina Industry & Technology Co., Ltd. (Class H) | 272,000 | 195,412 | ||||||
Bank of East Asia, Ltd. | 205,890 | 819,253 | ||||||
Belle International Holdings, Ltd. | 291,000 | 338,929 | ||||||
China Mengniu Dairy Co., Ltd. | 119,000 | 632,370 | ||||||
China Merchants Holdings International Co., Ltd. | 205,051 | 802,690 | ||||||
China Mobile, Ltd. | 296,000 | 3,863,667 | ||||||
China Overseas Land & Investment, Ltd. | 198,000 | 639,735 | ||||||
China Pharmaceutical Group, Ltd. | 132,000 | 111,688 | ||||||
China Resources Enterprise, Ltd. (a) | 194,000 | 380,341 | ||||||
China Taiping Insurance Holdings Co., Ltd. (b) | �� | 30,200 | 103,029 | |||||
China Unicom (Hong Kong), Ltd. | 388,000 | 590,529 | ||||||
CITIC, Ltd. (a) | 198,000 | 339,149 | ||||||
CK Hutchison Holdings, Ltd. | 74,556 | 1,527,076 | ||||||
CNOOC, Ltd. | 888,217 | 1,255,617 | ||||||
COSCO Pacific, Ltd. | 418,646 | 548,615 | ||||||
Esprit Holdings, Ltd. | 6 | 6 | ||||||
Galaxy Entertainment Group, Ltd. | 78,000 | 355,138 | ||||||
Geely Automobile Holdings, Ltd. | 215,000 | 110,647 | ||||||
GOME Electrical Appliances Holding, Ltd. | 802,000 | 115,856 | ||||||
Hanergy Thin Film Power Group, Ltd. (b) | 440,000 | 396,128 | ||||||
Hang Lung Properties, Ltd. | 198,000 | 556,736 | ||||||
Henderson Land Development Co., Ltd. | 75,949 | 533,393 | ||||||
Hong Kong & China Gas Co., Ltd. | 536,487 | 1,241,392 | ||||||
Hong Kong Exchanges and Clearing, Ltd. | 61,011 | 1,495,165 | ||||||
Hutchison Whampoa, Ltd. | 98,000 | 1,360,084 | ||||||
Lenovo Group, Ltd. | 172,000 | 251,132 | ||||||
Li & Fung, Ltd. | 396,000 | 386,650 | ||||||
Link REIT | 166,286 | 1,025,206 | ||||||
New World Development Co., Ltd. | 401,559 | 465,625 | ||||||
Sands China, Ltd. | 118,400 | 490,212 |
See accompanying notes to financial statements.
238
SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Shangri-La Asia, Ltd. | 196,333 | $ | 269,947 | |||||
Sino Biopharmaceutical, Ltd. | 136,000 | 137,701 | ||||||
Sun Hung Kai Properties, Ltd. | 86,185 | 1,329,506 | ||||||
Swire Pacific, Ltd. | 60,006 | 818,082 | ||||||
26,561,275 | ||||||||
HUNGARY — 0.0% (d) | ||||||||
MOL Hungarian Oil and Gas PLC | 6,102 | 264,896 | ||||||
INDIA — 1.6% | ||||||||
Dr. Reddy’s Laboratories, Ltd. ADR | 39,443 | 2,252,196 | ||||||
Housing Development Finance Corp., Ltd. | 32,814 | 689,877 | ||||||
ICICI Bank, Ltd. ADR | 217,259 | 2,250,803 | ||||||
Infosys, Ltd. ADR (a) | 54,933 | 1,927,050 | ||||||
ITC, Ltd. | 21,818 | 113,603 | ||||||
Mahindra & Mahindra, Ltd. GDR | 17,174 | 328,882 | ||||||
Reliance Industries, Ltd. GDR (e) | 49,065 | 1,297,769 | ||||||
Tata Motors, Ltd. ADR (a) | 54,619 | 2,461,132 | ||||||
11,321,312 | ||||||||
INDONESIA — 0.8% | ||||||||
Astra Agro Lestari Tbk PT | 139,100 | 258,518 | ||||||
Astra International Tbk PT | 2,024,400 | 1,327,666 | ||||||
Bank Central Asia Tbk PT | 345,500 | 391,743 | ||||||
Bank Mandiri Persero Tbk PT | 398,600 | 380,309 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 1,877,400 | 1,906,117 | ||||||
Bumi Resources Tbk PT (b) | 1,026,000 | 6,121 | ||||||
Charoen Pokphand Indonesia Tbk PT | 1,015,000 | 275,195 | ||||||
Gudang Garam Tbk PT | 47,500 | 185,277 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 2,715,300 | 600,170 | ||||||
5,331,116 | ||||||||
IRELAND — 0.3% | ||||||||
Bank of Ireland (b) | 1,109,490 | 421,824 | ||||||
CRH PLC | 25,939 | 675,011 | ||||||
James Hardie Industries PLC | 68,150 | 794,484 | ||||||
Kerry Group PLC (Class A) | 4,382 | 294,142 | ||||||
2,185,461 | ||||||||
ISRAEL — 0.5% | ||||||||
Bank Hapoalim BM | 114,150 | 549,982 | ||||||
Bank Leumi Le-Israel BM (b) | 111,166 | 412,886 | ||||||
NICE Systems, Ltd. | 3,738 | 229,260 | ||||||
Teva Pharmaceutical Industries, Ltd. ADR | 38,797 | 2,417,053 | ||||||
3,609,181 | ||||||||
ITALY — 1.4% | ||||||||
Assicurazioni Generali SpA | 45,967 | 903,938 | ||||||
Atlantia SpA | 34,697 | 911,119 | ||||||
Banca Monte dei Paschi di Siena SpA (a)(b) | 148,340 | 98,458 | ||||||
Banco Popolare SC (b) | 11,141 | 174,217 | ||||||
Enel SpA | 262,440 | 1,187,196 | ||||||
ENI SpA | 90,449 | 1,566,904 | ||||||
Finmeccanica SpA (b) | 26,323 | 313,241 | ||||||
Intesa Sanpaolo SpA | 473,438 | 1,609,823 | ||||||
Mediobanca SpA | 31,438 | 301,685 | ||||||
Pirelli & C. SpA | 40,790 | 677,279 | ||||||
Saipem SpA (a)(b) | 19,384 | 197,671 | ||||||
Telecom Italia SpA (a)(b) | 647,548 | 759,449 | ||||||
UBI Banca SCpA | 46,265 | 361,981 | ||||||
UniCredit SpA | 98,411 | 669,039 | ||||||
9,732,000 | ||||||||
JAPAN — 16.1% | ||||||||
Aeon Co., Ltd. (a) | 29,200 | 321,157 | ||||||
Aisin Seiki Co., Ltd. | 19,500 | 708,943 | ||||||
Asahi Glass Co., Ltd. | 97,000 | 637,365 | ||||||
Asahi Group Holdings, Ltd. | 29,600 | 941,252 | ||||||
Asahi Kasei Corp. (a) | 99,000 | 948,518 | ||||||
Astellas Pharma, Inc. | 148,000 | 2,428,101 | ||||||
Bank of Yokohama, Ltd. | 99,000 | 581,163 | ||||||
Bridgestone Corp. | 29,600 | 1,188,690 | ||||||
Canon, Inc. | 39,200 | 1,388,548 | ||||||
Central Japan Railway Co. | 9,900 | 1,795,084 | ||||||
Chiba Bank, Ltd. | 99,000 | 728,105 | ||||||
Chubu Electric Power Co., Inc. | 39,400 | 471,124 | ||||||
Credit Saison Co., Ltd. | 29,100 | 523,642 | ||||||
Daiichi Sankyo Co., Ltd. (a) | 39,500 | 628,113 | ||||||
Daikin Industries, Ltd. | 29,600 | 1,985,921 | ||||||
Daiwa Securities Group, Inc. | 97,000 | 765,162 | ||||||
Denso Corp. | 19,800 | 905,261 | ||||||
East Japan Railway Co. | 19,700 | 1,583,556 | ||||||
Eisai Co., Ltd. (a) | 9,900 | 704,578 | ||||||
Electric Power Development Co., Ltd. | 9,900 | 334,334 | ||||||
FANUC Corp. | 9,800 | 2,145,091 | ||||||
FUJIFILM Holdings Corp. | 29,300 | 1,044,832 | ||||||
Fujitsu, Ltd. | 99,000 | 676,180 | ||||||
Hitachi, Ltd. | 197,000 | 1,352,265 | ||||||
Honda Motor Co., Ltd. (a) | 69,100 | 2,248,883 | ||||||
Hoya Corp. | 19,800 | 795,385 | ||||||
Inpex Corp. | 38,800 | 428,846 | ||||||
ITOCHU Corp. (a) | 98,700 | 1,071,153 | ||||||
Japan Real Estate Investment Corp. | 198 | 932,833 | ||||||
Japan Retail Fund Investment Corp. | 396 | 787,872 | ||||||
Japan Tobacco, Inc. | 39,500 | 1,251,780 | ||||||
JFE Holdings, Inc. | 29,300 | 648,424 | ||||||
Joyo Bank, Ltd. (a) | 99,000 | 510,169 | ||||||
JSR Corp. | 19,800 | 343,910 | ||||||
JX Holdings, Inc. | 177,808 | 685,285 | ||||||
Kajima Corp. | 99,000 | 460,638 | ||||||
Kamigumi Co., Ltd. | 98,000 | 927,496 | ||||||
Kansai Electric Power Co., Inc. (b) | 48,900 | 467,491 | ||||||
KDDI Corp. | 59,400 | 1,347,490 | ||||||
Keikyu Corp. | 98,423 | 788,697 | ||||||
Kintetsu Corp. (a) | 197,000 | 724,428 | ||||||
Kobe Steel, Ltd. | 198,000 | 366,529 | ||||||
Komatsu, Ltd. | 49,300 | 971,201 | ||||||
Konica Minolta Holdings, Inc. | 49,500 | 503,977 | ||||||
Kubota Corp. | 98,000 | 1,555,089 | ||||||
Kyocera Corp. | 19,600 | 1,077,367 | ||||||
LIXIL Group Corp. (a) | 19,500 | 462,927 | ||||||
Makita Corp. (a) | 9,700 | 504,715 | ||||||
Marubeni Corp. (a) | 98,000 | 568,755 | ||||||
Marui Group Co., Ltd. (a) | 59,300 | 674,959 | ||||||
Mitsubishi Chemical Holdings Corp. | 99,000 | 576,705 | ||||||
Mitsubishi Corp. (a) | 69,100 | 1,394,676 | ||||||
Mitsubishi Electric Corp. | 98,000 | 1,167,338 | ||||||
Mitsubishi Estate Co., Ltd. | 98,618 | 2,291,835 |
See accompanying notes to financial statements.
239
SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Mitsubishi Heavy Industries, Ltd. | 197,000 | $ | 1,087,956 | |||||
Mitsubishi UFJ Financial Group, Inc. | 408,000 | 2,530,161 | ||||||
Mitsui & Co., Ltd. | 98,700 | 1,326,699 | ||||||
Mitsui Chemicals, Inc. | 99,000 | 318,649 | ||||||
Mitsui Fudosan Co., Ltd. | 21,000 | 618,049 | ||||||
Mizuho Financial Group, Inc. | 566,400 | 997,015 | ||||||
MS&AD Insurance Group Holdings, Inc. (a) | 29,600 | 831,787 | ||||||
Murata Manufacturing Co., Ltd. | 9,900 | 1,364,991 | ||||||
NEC Corp. | 93,000 | 273,746 | ||||||
Nidec Corp. | 20,000 | 1,331,999 | ||||||
Nintendo Co., Ltd. | 3,100 | 456,890 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 395,000 | 996,352 | ||||||
Nippon Telegraph & Telephone Corp. | 19,700 | 1,215,100 | ||||||
Nippon Yusen K.K. | 99,000 | 285,629 | ||||||
Nissan Motor Co., Ltd. | 98,700 | 1,007,370 | ||||||
Nitto Denko Corp. | 9,800 | 656,193 | ||||||
Nomura Holdings, Inc. | 107,000 | 630,089 | ||||||
NTT Data Corp. (a) | 9,900 | 431,745 | ||||||
NTT DoCoMo, Inc. | 79,000 | 1,373,813 | ||||||
Obayashi Corp. | 99,000 | 643,902 | ||||||
ORIX Corp. | 108,600 | 1,529,048 | ||||||
Osaka Gas Co., Ltd. | 197,000 | 825,782 | ||||||
Panasonic Corp. | 100,200 | 1,317,619 | ||||||
Rakuten, Inc. | 12,000 | 211,982 | ||||||
Resona Holdings, Inc. | 29,600 | 147,253 | ||||||
Rohm Co., Ltd. | 9,700 | 665,674 | ||||||
Secom Co., Ltd. | 9,900 | 662,477 | ||||||
Seven & i Holdings Co., Ltd. | 39,500 | 1,664,319 | ||||||
Sharp Corp. (a)(b) | 97,000 | 190,077 | ||||||
Shin-Etsu Chemical Co., Ltd. | 19,700 | 1,289,514 | ||||||
Shizuoka Bank, Ltd. (a) | 98,000 | 980,613 | ||||||
Softbank Corp. | 39,500 | 2,299,020 | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 29,500 | 918,762 | ||||||
Sony Corp. (b) | 49,100 | 1,306,058 | ||||||
Sumitomo Chemical Co., Ltd. | 99,000 | 510,169 | ||||||
Sumitomo Corp. (a) | 49,400 | 529,528 | ||||||
Sumitomo Electric Industries, Ltd. | 39,500 | 518,762 | ||||||
Sumitomo Mitsui Financial Group, Inc. (a) | 29,600 | 1,135,747 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 98,000 | 404,911 | ||||||
T&D Holdings, Inc. | 19,500 | 269,024 | ||||||
Takeda Pharmaceutical Co., Ltd. (a) | 39,500 | 1,975,906 | ||||||
TDK Corp. | 9,900 | 704,991 | ||||||
Teijin, Ltd. | 197,000 | 670,219 | ||||||
Terumo Corp. | 39,400 | 1,041,468 | ||||||
Tohoku Electric Power Co., Inc. | 19,900 | 226,670 | ||||||
Tokio Marine Holdings, Inc. | 29,600 | 1,120,197 | ||||||
Tokyo Electric Power Co., Inc. (b) | 69,000 | 261,789 | ||||||
Tokyo Electron, Ltd. | 9,900 | 691,947 | ||||||
Tokyo Gas Co., Ltd. | 197,000 | 1,242,205 | ||||||
Tokyu Corp. | 99,000 | 614,184 | ||||||
Toppan Printing Co., Ltd. (a) | 99,000 | 764,428 | ||||||
Toray Industries, Inc. | 99,000 | 831,295 | ||||||
Toshiba Corp. (a) | 99,000 | 416,225 | ||||||
Toyota Motor Corp. | 118,500 | 8,283,390 | ||||||
Toyota Tsusho Corp. | 29,600 | 786,125 | ||||||
West Japan Railway Co. | 19,700 | 1,035,390 | ||||||
Yahoo! Japan Corp. (a) | 128,400 | 531,052 | ||||||
Yamada Denki Co., Ltd. (a) | 58,500 | 241,463 | ||||||
Yamaha Corp. | 38,600 | 677,210 | ||||||
Yamaha Motor Co., Ltd. | 39,500 | 955,839 | ||||||
110,150,305 | ||||||||
LUXEMBOURG — 0.0% (d) | ||||||||
ArcelorMittal | 32,424 | 305,575 | ||||||
MALAYSIA — 0.4% | ||||||||
AirAsia Bhd | 243,000 | 156,160 | ||||||
Alliance Financial Group Bhd | 307,600 | 397,841 | ||||||
Berjaya Sports Toto Bhd | 458,500 | 415,974 | ||||||
British American Tobacco Malaysia Bhd | 16,900 | 313,313 | ||||||
CIMB Group Holdings Bhd | 175,900 | 295,423 | ||||||
Genting Bhd | 85,500 | 207,776 | ||||||
Genting Malaysia Bhd | 218,900 | 250,020 | ||||||
Genting Plantations Bhd | 94,200 | 257,915 | ||||||
Lafarge Malaysia Bhd | 87,900 | 233,783 | ||||||
PPB Group Bhd | 51,100 | 212,210 | ||||||
Tenaga Nasional Bhd | 38,600 | 149,668 | ||||||
UEM Sunrise Bhd | 352,000 | 131,162 | ||||||
3,021,245 | ||||||||
MEXICO — 1.1% | ||||||||
America Movil SAB de CV (Series L) | 1,840,133 | 1,891,559 | ||||||
Cemex SAB de CV (a)(b) | 743,977 | 706,654 | ||||||
Controladora Comercial Mexicana SAB de CV | 52,000 | 167,323 | ||||||
Fomento Economico Mexicano SAB de CV (b) | 133,271 | 1,251,943 | ||||||
Gentera SAB de CV (b) | 71,200 | 128,386 | ||||||
Grupo Financiero Banorte SAB de CV | 206,017 | 1,197,081 | ||||||
Grupo Mexico SAB de CV (Series B) | 115,646 | 341,983 | ||||||
Grupo Televisa SAB (b) | 180,673 | 1,195,453 | ||||||
Industrias Penoles SAB de CV | 8,315 | 144,869 | ||||||
Kimberly-Clark de Mexico SAB de CV (Class A) | 67,600 | 141,907 | ||||||
Wal-Mart de Mexico SAB de CV | 79,600 | 199,127 | ||||||
7,366,285 | ||||||||
NETHERLANDS — 2.5% | ||||||||
Airbus Group NV | 23,254 | 1,509,476 | ||||||
Akzo Nobel NV | 12,863 | 972,842 | ||||||
ASML Holding NV | 15,452 | 1,573,082 | ||||||
CNH Industrial NV (a) | 33,119 | 271,042 | ||||||
Fiat Chrysler Automobiles NV (b) | 74,745 | 1,216,183 | ||||||
Heineken NV | 12,549 | 957,316 | ||||||
ING Groep NV (b) | 121,418 | 1,779,347 | ||||||
Koninklijke Ahold NV | 46,229 | 911,076 | ||||||
Koninklijke DSM NV | 10,416 | 581,377 | ||||||
Koninklijke KPN NV | 261,966 | 888,789 | ||||||
Koninklijke Philips NV | 47,239 | 1,340,664 | ||||||
Reed Elsevier NV | 39,254 | 977,662 | ||||||
TNT Express NV | 26,317 | 167,354 | ||||||
Unilever NV | 85,181 | 3,560,114 | ||||||
Wolters Kluwer NV | 18,200 | 594,223 | ||||||
17,300,547 | ||||||||
See accompanying notes to financial statements.
240
SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
NORWAY — 0.6% | ||||||||
DnB NOR ASA | 79,436 | $ | 1,278,412 | |||||
Norsk Hydro ASA | 120,095 | 631,687 | ||||||
Statoil ASA (a) | 47,780 | 846,618 | ||||||
Telenor ASA | 38,326 | 774,690 | ||||||
Yara International ASA | 9,815 | 499,330 | ||||||
4,030,737 | ||||||||
PERU — 0.1% | ||||||||
Cia de Minas Buenaventura SA ADR | 6,905 | 69,947 | ||||||
Credicorp, Ltd. | 2,863 | 402,624 | ||||||
472,571 | ||||||||
PHILIPPINES — 0.2% | ||||||||
Jollibee Foods Corp. | 54,470 | 268,085 | ||||||
Metro Pacific Investments Corp. | 1,068,000 | 115,402 | ||||||
Philippine Long Distance Telephone Co. ADR (a) | 12,317 | 769,689 | ||||||
1,153,176 | ||||||||
POLAND — 0.2% | ||||||||
Alior Bank SA (b) | 12,501 | 274,649 | ||||||
Bank Millennium SA | 65,475 | 114,838 | ||||||
CCC SA | 1,994 | 96,190 | ||||||
Enea SA | 29,100 | 126,792 | ||||||
Energa SA | 18,123 | 119,020 | ||||||
Eurocash SA | 12,362 | 106,747 | ||||||
Getin Noble Bank SA (b) | 194,527 | 86,707 | ||||||
Orange Polska SA GDR (a) | 62,766 | 157,762 | ||||||
1,082,705 | ||||||||
PORTUGAL — 0.0% (d) | ||||||||
Banco Comercial Portugues SA (b) | 1,684,382 | 173,124 | ||||||
Jeronimo Martins SGPS SA | 10,572 | 132,845 | ||||||
305,969 | ||||||||
RUSSIA — 0.8% | ||||||||
Gazprom OAO ADR | 231,389 | 1,100,023 | ||||||
Lukoil OAO ADR | 28,110 | 1,291,092 | ||||||
MMC Norilsk Nickel OJSC ADR | 15,236 | 270,668 | ||||||
Mobile Telesystems OJSC ADR | 46,205 | 466,671 | ||||||
RusHydro JSC ADR (f) | 40,054 | 38,452 | ||||||
RusHydro JSC ADR (f) | 28,653 | 27,736 | ||||||
Sberbank of Russia ADR | 64,393 | 282,943 | ||||||
Surgutneftegas OAO ADR Preference Shares | 64,954 | 489,428 | ||||||
Tatneft OAO ADR | 37,522 | 1,117,780 | ||||||
Uralkali PJSC GDR | 9,742 | 130,056 | ||||||
5,214,849 | ||||||||
SINGAPORE — 1.2% | ||||||||
CapitaLand, Ltd. | 197,000 | 514,150 | ||||||
DBS Group Holdings, Ltd. | 102,838 | 1,526,414 | ||||||
Singapore Exchange, Ltd. | 197,000 | 1,169,046 | ||||||
Singapore Press Holdings, Ltd. (a) | 296,000 | 904,163 | ||||||
Singapore Telecommunications, Ltd. | 691,000 | 2,206,444 | ||||||
United Overseas Bank, Ltd. | 99,959 | 1,676,064 | ||||||
7,996,281 | ||||||||
SOUTH AFRICA — 1.4% | ||||||||
Anglo American Platinum, Ltd. (b) | 7,787 | 191,213 | ||||||
AngloGold Ashanti, Ltd. (b) | 20,568 | 198,088 | ||||||
Discovery, Ltd. | 45,736 | 471,091 | ||||||
FirstRand, Ltd. (a) | 193,376 | 891,209 | ||||||
Gold Fields, Ltd. | 46,848 | 198,431 | ||||||
Impala Platinum Holdings, Ltd. (b) | 29,669 | 144,057 | ||||||
MTN Group, Ltd. | 72,728 | 1,230,516 | ||||||
Naspers, Ltd. (Class N) | 19,849 | 3,063,459 | ||||||
Sanlam, Ltd. | 190,185 | 1,230,149 | ||||||
Sasol, Ltd. | 29,870 | 1,016,116 | ||||||
Standard Bank Group, Ltd. | 64,653 | 896,458 | ||||||
9,530,787 | ||||||||
SOUTH KOREA — 3.7% | ||||||||
Celltrion, Inc. (a)(b) | 6,992 | 440,525 | ||||||
CJ CheilJedang Corp. | 1,118 | 380,913 | ||||||
E-Mart Co., Ltd. | 1,288 | 270,498 | ||||||
Hana Financial Group, Inc. | 25,560 | 662,355 | ||||||
Hyundai Department Store Co., Ltd. | 2,146 | 288,209 | ||||||
Hyundai Development Co.-Engineering & Construction | 16,025 | 823,313 | ||||||
Hyundai Heavy Industries Co., Ltd. (a)(b) | 3,455 | 379,927 | ||||||
Hyundai Mobis Co., Ltd. | 5,071 | 1,126,686 | ||||||
Hyundai Motor Co. | 7,193 | 1,092,452 | ||||||
Hyundai Steel Co. | 3,045 | 200,356 | ||||||
KB Financial Group, Inc. | 25,538 | 904,631 | ||||||
Kia Motors Corp. | 23,964 | 976,315 | ||||||
Korea Electric Power Corp. ADR (a)(b) | 27,893 | 571,807 | ||||||
Korea Zinc Co., Ltd. | 1,558 | 595,423 | ||||||
KT Corp. ADR (b) | 20,053 | 262,293 | ||||||
KT&G Corp. | 7,924 | 633,520 | ||||||
LG Chem, Ltd. Preference Shares | 6,576 | 900,944 | ||||||
LG Electronics, Inc. (a) | 9,375 | 497,713 | ||||||
LG Household & Health Care, Ltd. | 628 | 476,045 | ||||||
Lotte Chemical Corp. | 1,433 | 262,847 | ||||||
NAVER Corp. | 1,841 | 1,113,445 | ||||||
NCSoft Corp. | 1,119 | 183,062 | ||||||
POSCO ADR | 15,004 | 820,119 | ||||||
Samsung C&T Corp. | 4,919 | 263,363 | ||||||
Samsung Electronics Co., Ltd. GDR | 9,989 | 6,432,916 | ||||||
Samsung Engineering Co., Ltd. (b) | 1,705 | 59,244 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 3,244 | 782,162 | ||||||
Samsung Heavy Industries Co., Ltd. | 6,321 | 102,838 | ||||||
Samsung Securities Co., Ltd. | 11,023 | 516,649 | ||||||
Shinhan Financial Group Co., Ltd. | 19,326 | 730,746 | ||||||
SK Holdings Co., Ltd. | 3,805 | 583,037 | ||||||
SK Hynix, Inc. | 16,184 | 664,456 | ||||||
SK Innovation Co., Ltd. (b) | 4,890 | 420,484 | ||||||
SK Telecom Co., Ltd. ADR | 23,075 | 627,871 | ||||||
25,047,164 | ||||||||
SPAIN — 2.3% | ||||||||
Abertis Infraestructuras SA | 41,778 | 755,379 | ||||||
ACS, Actividades de Construccion y Servicios SA | 20,093 | 712,136 | ||||||
Amadeus IT Holding SA (Class A) | 5,523 | 237,031 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 210,067 | 2,122,556 | ||||||
Banco Popular Espanol SA (a) | 70,747 | 346,327 | ||||||
Banco Santander SA | 487,006 | 3,670,202 |
See accompanying notes to financial statements.
241
SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Distribuidora Internacional de Alimentacion SA | 19,403 | $ | 151,832 | |||||
Ferrovial SA | 55,085 | 1,171,393 | ||||||
Gas Natural SDG SA | 16,503 | 370,702 | ||||||
Iberdrola SA | 222,522 | 1,434,409 | ||||||
Inditex SA | 47,061 | 1,510,240 | ||||||
Mapfre SA | 112,782 | 411,713 | ||||||
Repsol SA | 52,195 | 971,755 | ||||||
Telefonica SA | 155,478 | 2,214,199 | ||||||
16,079,874 | ||||||||
SWEDEN — 2.4% | ||||||||
Assa Abloy AB (Class B) | 25,864 | 1,541,514 | ||||||
Atlas Copco AB (Class B) | 61,647 | 1,822,093 | ||||||
Hennes & Mauritz AB (Class B) | 42,261 | 1,712,678 | ||||||
Husqvarna AB (Class B) | 119,961 | 869,378 | ||||||
Nordea Bank AB | 145,676 | 1,778,710 | ||||||
Sandvik AB | 53,284 | 595,920 | ||||||
Securitas AB (Class B) | 32,127 | 460,817 | ||||||
Skandinaviska Enskilda Banken AB (Class A) | 57,496 | 672,694 | ||||||
Skanska AB (Class B) | 32,032 | 718,339 | ||||||
SKF AB (Class B) (a) | 31,142 | 804,545 | ||||||
Svenska Handelsbanken AB (Class A) | 27,385 | 1,236,192 | ||||||
Swedbank AB (Class A) (a) | 35,027 | 837,085 | ||||||
Tele2 AB (Class B) | 39,901 | 477,014 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 134,732 | 1,693,514 | ||||||
TeliaSonera AB | 94,600 | 601,119 | ||||||
Volvo AB (Class B) | 55,299 | 668,791 | ||||||
16,490,403 | ||||||||
SWITZERLAND — 6.6% | ||||||||
ABB, Ltd. (b) | 93,880 | 1,993,971 | ||||||
Adecco SA (b) | 7,981 | 665,563 | ||||||
Cie Financiere Richemont SA | 20,141 | 1,623,639 | ||||||
Coca-Cola HBC AG (b) | 6,343 | 114,407 | ||||||
Credit Suisse Group AG (b) | 53,666 | 1,446,490 | ||||||
Geberit AG | 2,173 | 816,581 | ||||||
Givaudan SA (b) | 560 | 1,015,876 | ||||||
Holcim, Ltd. (b) | 12,465 | 932,340 | ||||||
Julius Baer Group, Ltd. (b) | 6,141 | 308,283 | ||||||
Kuehne + Nagel International AG | 4,620 | 687,316 | ||||||
Lonza Group AG (b) | 1,082 | 135,347 | ||||||
Nestle SA | 123,497 | 9,332,523 | ||||||
Novartis AG | 89,885 | 8,897,810 | ||||||
Roche Holding AG | 28,916 | 7,981,447 | ||||||
SGS SA | 395 | 756,409 | ||||||
Sika AG | 52 | 186,254 | ||||||
Sonova Holding AG | 1,159 | 161,446 | ||||||
Swatch Group AG | 2,249 | 954,198 | ||||||
Swiss Re AG | 13,450 | 1,303,042 | ||||||
Syngenta AG | 4,435 | 1,509,991 | ||||||
Transocean, Ltd. (a) | 5,820 | 84,247 | ||||||
UBS Group AG (b) | 132,683 | 2,502,577 | ||||||
Zurich Insurance Group AG (b) | 6,256 | 2,120,973 | ||||||
45,530,730 | ||||||||
TAIWAN — 2.7% | ||||||||
Advanced Semiconductor Engineering Inc, ADR | 303,649 | 2,186,273 | ||||||
Advantech Co., Ltd. | 14,000 | 106,711 | ||||||
AU Optronics Corp. ADR (a) | 131,443 | 658,529 | ||||||
Catcher Technology Co., Ltd. | 20,000 | 209,652 | ||||||
Chicony Electronics Co., Ltd. | 51,000 | 143,106 | ||||||
China Airlines, Ltd. (b) | 346,000 | 177,478 | ||||||
Chunghwa Telecom Co., Ltd. ADR (a) | 49,795 | 1,596,926 | ||||||
Compal Electronics, Inc. | 122,000 | 101,569 | ||||||
Delta Electronics, Inc. | 23,000 | 145,174 | ||||||
Eclat Textile Co., Ltd. | 9,000 | 118,361 | ||||||
Eva Airways Corp. (b) | 227,000 | 166,496 | ||||||
Formosa International Hotels Corp. | 20,000 | 211,250 | ||||||
Giant Manufacturing Co., Ltd. | 17,000 | 164,078 | ||||||
Hon Hai Precision Industry Co., Ltd. GDR | 507,373 | 2,942,763 | ||||||
Largan Precision Co., Ltd. | 3,000 | 258,389 | ||||||
MediaTek, Inc. | 18,000 | 243,624 | ||||||
Merida Industry Co., Ltd. | 28,000 | 220,134 | ||||||
Pegatron Corp. | 48,000 | 129,933 | ||||||
President Chain Store Corp. | 15,000 | 112,895 | ||||||
ScinoPharm Taiwan, Ltd. | 127,000 | 201,114 | ||||||
Siliconware Precision Industries Co., Ltd. ADR (a) | 196,938 | 1,610,953 | ||||||
Standard Foods Corp. | 96,000 | 247,287 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 196,314 | 4,609,453 | ||||||
United Microelectronics Corp. ADR (a) | 710,575 | 1,733,803 | ||||||
18,295,951 | ||||||||
THAILAND — 0.5% | ||||||||
Bangkok Bank PCL | 410,976 | 2,342,841 | ||||||
IRPC PCL | 2,503,700 | 330,852 | ||||||
PTT PCL | 79,777 | 791,886 | ||||||
3,465,579 | ||||||||
TURKEY — 0.4% | ||||||||
Akbank TAS | 247,420 | 728,967 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT | 451,518 | 512,990 | ||||||
Turkiye Garanti Bankasi AS | 189,611 | 622,908 | ||||||
Turkiye Is Bankasi (Class C) | 428,434 | 968,576 | ||||||
2,833,441 | ||||||||
UNITED KINGDOM — 14.4% | ||||||||
3i Group PLC | 116,220 | 832,279 | ||||||
Anglo American PLC | 62,691 | 941,816 | ||||||
AstraZeneca PLC | 44,068 | 3,026,610 | ||||||
BAE Systems PLC | 122,911 | 955,186 | ||||||
Barclays PLC | 584,490 | 2,104,982 | ||||||
BG Group PLC | 154,977 | 1,907,227 | ||||||
BHP Billiton PLC | 77,968 | 1,705,482 | ||||||
BP PLC | 806,070 | 5,225,604 | ||||||
British American Tobacco PLC | 65,932 | 3,414,409 | ||||||
British Land Co. PLC | 109,119 | 1,348,544 | ||||||
BT Group PLC | 279,173 | 1,815,215 | ||||||
Burberry Group PLC | 26,239 | 675,035 | ||||||
Capita PLC | 24,712 | 409,404 |
See accompanying notes to financial statements.
242
SPDR MSCI ACWI ex-US ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Centrica PLC | 291,911 | $ | 1,096,356 | |||||
Cobham PLC | 38,729 | 174,894 | ||||||
Compass Group PLC | 111,107 | 1,933,079 | ||||||
Diageo PLC | 123,833 | 3,418,323 | ||||||
Experian PLC | 37,646 | 624,241 | ||||||
Fresnillo PLC | 10,787 | 109,291 | ||||||
G4S PLC | 58,131 | 255,262 | ||||||
GlaxoSmithKline PLC | 169,799 | 3,896,953 | ||||||
Glencore PLC (b) | 409,367 | 1,737,431 | ||||||
Hammerson PLC | 93,588 | 923,894 | ||||||
HSBC Holdings PLC | 781,728 | 6,661,133 | ||||||
ICAP PLC | 107,864 | 843,855 | ||||||
Imperial Tobacco Group PLC | 45,133 | 1,985,210 | ||||||
Indivior PLC (b) | 29,862 | 84,227 | ||||||
InterContinental Hotels Group PLC | 8,336 | 325,952 | ||||||
J Sainsbury PLC (a) | 98,952 | 380,750 | ||||||
Land Securities Group PLC | 53,162 | 988,856 | ||||||
Lloyds Banking Group PLC (b) | 2,002,886 | 2,327,489 | ||||||
Marks & Spencer Group PLC | 82,932 | 658,653 | ||||||
National Grid PLC | 208,290 | 2,673,711 | ||||||
Next PLC | 16,613 | 1,732,507 | ||||||
Old Mutual PLC | 528,929 | 1,743,920 | ||||||
Pearson PLC | 44,589 | 960,452 | ||||||
Prudential PLC | 61,019 | 1,514,544 | ||||||
Randgold Resources, Ltd. | 2,732 | 190,332 | ||||||
Reckitt Benckiser Group PLC | 32,844 | 2,827,903 | ||||||
Reed Elsevier PLC | 64,916 | 1,116,904 | ||||||
Rio Tinto PLC | 58,456 | 2,405,486 | ||||||
Rolls-Royce Holdings PLC (b) | 72,718 | 1,028,763 | ||||||
Royal Bank of Scotland Group PLC (b) | 109,086 | 550,590 | ||||||
Royal Dutch Shell PLC (Class A) | 136,222 | 4,060,612 | ||||||
Royal Dutch Shell PLC (Class B) | 85,463 | 2,662,999 | ||||||
RSA Insurance Group PLC | 46,130 | 288,232 | ||||||
SABMiller PLC | 40,787 | 2,143,411 | ||||||
Sage Group PLC | 89,661 | 621,186 | ||||||
Severn Trent PLC | 29,330 | 896,497 | ||||||
Shire PLC | 21,696 | 1,727,945 | ||||||
Sky PLC | 63,821 | 940,791 | ||||||
Smith & Nephew PLC | 61,821 | 1,049,887 | ||||||
Smiths Group PLC | 14,808 | 245,764 | ||||||
SSE PLC | 56,357 | 1,253,257 | ||||||
Standard Chartered PLC | 68,051 | 1,104,673 | ||||||
Standard Life PLC | 128,643 | 908,258 | ||||||
Tesco PLC | 361,535 | 1,298,007 | ||||||
Tullow Oil PLC | 22,890 | 96,232 | ||||||
Unilever PLC | 63,472 | 2,652,413 | ||||||
United Utilities Group PLC | 43,459 | 601,924 | ||||||
Vodafone Group PLC | 1,193,294 | 3,905,153 | ||||||
Whitbread PLC | 6,342 | 493,801 | ||||||
Wolseley PLC | 9,841 | 583,336 | ||||||
WPP PLC | 64,027 | 1,455,187 | ||||||
98,522,319 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $697,961,879) | 681,731,770 | |||||||
RIGHTS — 0.0% (d) | ||||||||
SOUTH AFRICA — 0.0% (d) | ||||||||
Discovery, Ltd. (expiring 4/2/15) (b) | 4,436 | 12,742 | ||||||
SPAIN — 0.0% (d) | ||||||||
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/15) (b) | 210,067 | 30,232 | ||||||
Telefonica SA (expiring 4/10/15) (b) | 155,478 | 25,047 | ||||||
55,279 | ||||||||
TOTAL RIGHTS — | ||||||||
(Cost $29,741) | 68,021 | |||||||
SHORT TERM INVESTMENT — 6.6% | ||||||||
UNITED STATES — 6.6% | ||||||||
MONEY MARKET FUND — 6.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) (Cost $45,593,004) | 45,593,004 | 45,593,004 | ||||||
TOTAL INVESTMENTS — 106.0% | ||||||||
(Cost $743,584,624) | 727,392,795 | |||||||
OTHER ASSETS & LIABILITIES — (6.0)% | (41,161,473 | ) | ||||||
NET ASSETS — 100.0% | $ | 686,231,322 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(c) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs (Note 2). | |||||
(d) | Amount shown represents less than 0.05% of net assets. | |||||
(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, 2015, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(f) | Reflects separate 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). |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
OJSC = Open Joint Stock Company
PCL = Public Company Limited
PJSC = Public Joint Stock Company
PLC = Public Limited Company
REIT = Real Estate Investment Trust
SCA = Societe en Commandite par Actions (partnership limited by shares)
See accompanying notes to financial statements.
243
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
AUSTRALIA — 2.7% | ||||||||
Alumina, Ltd. | 33,903 | $ | 41,570 | |||||
Amcor, Ltd. | 2,978 | 31,942 | ||||||
AMP, Ltd. | 10,248 | 50,419 | ||||||
Australia & New Zealand Banking Group, Ltd. | 2,335 | 65,359 | ||||||
BHP Billiton, Ltd. | 2,914 | 69,077 | ||||||
Boral, Ltd. (a) | 9,483 | 46,220 | ||||||
Brambles, Ltd. | 6,952 | 61,183 | ||||||
Coca-Cola Amatil, Ltd. (a) | 3,452 | 28,429 | ||||||
Commonwealth Bank of Australia (a) | 749 | 53,443 | ||||||
CSL, Ltd. | 1,336 | 94,021 | ||||||
Fortescue Metals Group, Ltd. (a) | 5,202 | 7,789 | ||||||
Iluka Resources, Ltd. (a) | 1,386 | 9,000 | ||||||
Insurance Australia Group, Ltd. | 15,988 | 74,506 | ||||||
Lend Lease Group | 8,236 | 104,697 | ||||||
Macquarie Group, Ltd. | 1,400 | 82,001 | ||||||
National Australia Bank, Ltd. | 2,898 | 85,347 | ||||||
Newcrest Mining, Ltd. (b) | 1,644 | 16,792 | ||||||
Novion Property Group | 39,554 | 75,845 | ||||||
Origin Energy, Ltd. | 3,350 | 28,945 | ||||||
Orora, Ltd. | 1,469 | 2,547 | ||||||
OZ Minerals, Ltd. | 5,028 | 15,134 | ||||||
QBE Insurance Group, Ltd. | 2,448 | 24,387 | ||||||
Recall Holdings, Ltd. | 698 | 4,127 | ||||||
Rio Tinto, Ltd. (a) | 1,048 | 45,819 | ||||||
Santos, Ltd. | 3,782 | 20,629 | ||||||
Scentre Group | 7,300 | 20,857 | ||||||
Shopping Centres Australasia Property Group | 64,131 | 98,966 | ||||||
Sonic Healthcare, Ltd. (a) | 3,619 | 56,511 | ||||||
Suncorp Group, Ltd. | 5,284 | 54,496 | ||||||
Sydney Airport | 770 | 3,047 | ||||||
Toll Holdings, Ltd. | 9,626 | 65,155 | ||||||
Transurban Group | 4,922 | 35,834 | ||||||
Wesfarmers, Ltd. | 3,222 | 108,205 | ||||||
Westfield Corp. | 5,856 | 42,724 | ||||||
Westpac Banking Corp. | 3,387 | 101,896 | ||||||
Woodside Petroleum, Ltd. | 1,346 | 35,496 | ||||||
Woolworths, Ltd. (a) | 1,182 | 26,629 | ||||||
1,789,044 | ||||||||
AUSTRIA — 0.1% | ||||||||
OMV AG | 1,406 | 38,597 | ||||||
BELGIUM — 0.5% | ||||||||
Anheuser-Busch InBev NV | 818 | 99,977 | ||||||
Delhaize Group | 738 | 66,357 | ||||||
Solvay SA | 379 | 54,768 | ||||||
UCB SA | 1,237 | 89,477 | ||||||
310,579 | ||||||||
BRAZIL — 0.5% | ||||||||
Ambev SA ADR | 7,912 | 45,573 | ||||||
Banco Bradesco SA Preference Shares ADR | 5,446 | 50,535 | ||||||
Companhia Energetica de Minas Gerais ADR | 5,953 | 24,348 | ||||||
Companhia Siderurgica Nacional SA ADR (a) | 5,225 | 8,778 | ||||||
Gerdau SA ADR (a) | 4,719 | 15,101 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 5,605 | 61,991 | ||||||
Oi SA, ADR (b) | 548 | 844 | ||||||
Petroleo Brasileiro SA Preference Shares ADR | 5,906 | 35,968 | ||||||
Tim Participacoes SA ADR | 1,797 | 29,794 | ||||||
Vale SA Preference Shares ADR (a) | 6,276 | 30,439 | ||||||
303,371 | ||||||||
CANADA — 3.1% | ||||||||
Agrium, Inc. (a) | 349 | 36,374 | ||||||
Bank of Montreal (a) | 768 | 46,025 | ||||||
Bank of Nova Scotia (a) | 968 | 48,564 | ||||||
Barrick Gold Corp. | 1,496 | 16,360 | ||||||
Brookfield Asset Management, Inc. (Class A) | 1,486 | 79,480 | ||||||
Cameco Corp. (a) | 1,995 | 27,802 | ||||||
Canadian Imperial Bank of Commerce | 349 | 25,302 | ||||||
Canadian National Railway Co. | 1,508 | 100,994 | ||||||
Canadian Natural Resources, Ltd. | 1,508 | 46,222 | ||||||
Canadian Pacific Railway, Ltd. (a) | 319 | 58,410 | ||||||
Canadian Tire Corp., Ltd. (Class A) | 369 | 37,593 | ||||||
Cenovus Energy, Inc. | 1,915 | 32,282 | ||||||
Eldorado Gold Corp. | 2,056 | 9,432 | ||||||
Enbridge, Inc. (a) | 1,706 | 82,236 | ||||||
Encana Corp. | 2,804 | 31,306 | ||||||
Enerplus Corp. (a) | 2,204 | 22,345 | ||||||
First Quantum Minerals, Ltd. | 1,067 | 12,932 | ||||||
Goldcorp, Inc. | 1,466 | 26,530 | ||||||
IAMGOLD Corp. (b) | 2,214 | 4,126 | ||||||
IGM Financial, Inc. (a) | 589 | 20,932 | ||||||
Imperial Oil, Ltd. (a) | 1,097 | 43,785 | ||||||
Kinross Gold Corp. (b) | 3,243 | 7,195 | ||||||
Loblaw Cos., Ltd. (a) | 1,228 | 60,038 | ||||||
Manulife Financial Corp. | 3,931 | 66,763 | ||||||
National Bank of Canada | 2,074 | 75,722 | ||||||
Onex Corp. | 1,306 | 75,844 | ||||||
Penn West Petroleum, Ltd. (a) | 1,696 | 2,799 | ||||||
Potash Corp. of Saskatchewan, Inc. | 1,117 | 36,010 | ||||||
Rogers Communications, Inc. (Class B) (a) | 2,076 | 69,501 | ||||||
Royal Bank of Canada (a) | 1,817 | 109,379 | ||||||
Shaw Communications, Inc. (Class B) (a) | 1,386 | 31,102 | ||||||
Silver Wheaton Corp. | 978 | 18,579 | ||||||
SNC-Lavalin Group, Inc. | 868 | 26,955 | ||||||
Sun Life Financial, Inc. | 2,144 | 66,072 | ||||||
Suncor Energy, Inc. (a) | 3,053 | 89,216 | ||||||
Talisman Energy, Inc. (a) | 3,562 | 27,309 | ||||||
Teck Resources, Ltd. (Class B) | 1,087 | 14,917 | ||||||
TELUS Corp. | 2,934 | 97,460 | ||||||
TMX Group, Ltd. (a) | 40 | 1,719 | ||||||
Toronto-Dominion Bank | 1,676 | 71,738 | ||||||
TransAlta Corp. (a) | 3,402 | 31,562 | ||||||
TransCanada Corp. (a) | 609 | 26,043 | ||||||
Valeant Pharmaceuticals International, Inc. (b) | 1,187 | 234,504 |
See accompanying notes to financial statements.
244
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Yamana Gold, Inc. (a) | 2,992 | $ | 10,725 | |||||
2,060,184 | ||||||||
CHILE — 0.0% (c) | ||||||||
Empresa Nacional de Electricidad SA ADR | 254 | 11,443 | ||||||
Enersis SA ADR | 658 | 10,699 | ||||||
Sociedad Quimica y Minera de Chile SA ADR | 145 | 2,646 | ||||||
24,788 | ||||||||
CHINA — 1.6% | ||||||||
Agricultural Bank of China, Ltd. (Class H) | 70,000 | 34,670 | ||||||
Bank of China, Ltd. (Class H) | 139,000 | 80,319 | ||||||
Bank of Communications Co., Ltd. (Class H) | 50,000 | 42,886 | ||||||
China Construction Bank Corp. (Class H) | 109,000 | 90,540 | ||||||
China Life Insurance Co., Ltd. (Class H) | 19,000 | 83,200 | ||||||
China Merchants Bank Co., Ltd. (Class H) | 14,674 | 35,847 | ||||||
China Petroleum & Chemical Corp. (Class H) | 59,200 | 47,112 | ||||||
China Shenhua Energy Co., Ltd. (Class H) | 9,500 | 24,262 | ||||||
China Telecom Corp., Ltd. (Class H) | 60,000 | 38,462 | ||||||
Hengan International Group Co., Ltd. | 5,000 | 60,041 | ||||||
Huaneng Power International, Inc. (Class H) | 40,000 | 47,362 | ||||||
Industrial & Commercial Bank of China, Ltd. (Class H) | 110,000 | 81,155 | ||||||
PetroChina Co., Ltd. (Class H) | 40,000 | 44,267 | ||||||
PICC Property & Casualty Co., Ltd. (Class H) | 21,859 | 43,193 | ||||||
Ping An Insurance Group Co. of China, Ltd. (Class H) | 5,000 | 60,106 | ||||||
Tencent Holdings, Ltd. | 10,000 | 189,861 | ||||||
Wumart Stores, Inc. (Class H) (a) | 87,000 | 63,064 | ||||||
Yanzhou Coal Mining Co., Ltd. (Class H) (a) | 20,000 | 17,103 | ||||||
1,083,450 | ||||||||
COLOMBIA — 0.0% (c) | ||||||||
BanColombia SA ADR (a) | 213 | 8,377 | ||||||
DENMARK — 0.7% | ||||||||
AP Moeller — Maersk A/S (Class B) (a) | 50 | 104,514 | ||||||
Danske Bank A/S | 1,696 | 44,741 | ||||||
DSV A/S | 2,545 | 79,138 | ||||||
Novo Nordisk A/S (Class B) | 3,782 | 202,257 | ||||||
430,650 | ||||||||
FINLAND — 0.4% | ||||||||
Fortum Oyj (a) | 1,326 | 27,856 | ||||||
Metso Oyj (a) | 788 | 22,994 | ||||||
Nokia Oyj | 8,209 | 62,685 | ||||||
Sampo Oyj (Class A) | 928 | 46,863 | ||||||
UPM-Kymmene Oyj | 3,023 | 58,830 | ||||||
Valmet Oyj (a) | 172 | 2,062 | ||||||
Wartsila Oyj Abp (a) | 898 | 39,755 | ||||||
261,045 | ||||||||
FRANCE — 3.1% | ||||||||
Accor SA | 1,599 | 83,428 | ||||||
Alstom SA (b) | 1,227 | 37,860 | ||||||
AXA SA | 3,193 | 80,434 | ||||||
BNP Paribas SA | 1,695 | 102,982 | ||||||
Bouygues SA | 970 | 38,067 | ||||||
Cap Gemini SA | 1,197 | 98,180 | ||||||
Carrefour SA | 1,864 | 62,240 | ||||||
Credit Agricole SA | 3,397 | 49,892 | ||||||
Danone SA | 913 | 61,403 | ||||||
Essilor International SA | 609 | 69,854 | ||||||
GDF Suez | 1,626 | 32,141 | ||||||
Groupe Fnac (b) | 885 | 54,957 | ||||||
Hermes International | 16 | 5,643 | ||||||
Kering | 209 | 40,808 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 329 | 58,002 | ||||||
Orange SA | 4,646 | 74,672 | ||||||
Pernod Ricard SA | 448 | 52,999 | ||||||
Publicis Groupe SA | 770 | 59,402 | ||||||
Renault SA | 1,127 | 102,605 | ||||||
Sanofi | 1,486 | 146,717 | ||||||
Schneider Electric SE | 1,077 | 83,687 | ||||||
Societe Generale SA | 1,356 | 65,492 | ||||||
Sodexo SA | 948 | 92,438 | ||||||
Technip SA | 498 | 30,150 | ||||||
Total SA | 2,305 | 114,557 | ||||||
Unibail-Rodamco SE (a) | 359 | 96,796 | ||||||
Vallourec SA | 399 | 9,738 | ||||||
Veolia Environnement SA | 2,856 | 54,031 | ||||||
Vinci SA | 1,376 | 78,664 | ||||||
Vivendi SA | 3,500 | 86,927 | ||||||
2,024,766 | ||||||||
GERMANY — 2.9% | ||||||||
adidas AG | 818 | 64,739 | ||||||
Allianz SE | 768 | 133,499 | ||||||
BASF SE | 1,237 | 122,956 | ||||||
Bayer AG | 1,456 | 218,846 | ||||||
Commerzbank AG (b) | 1,376 | 18,990 | ||||||
Daimler AG (a) | 1,706 | 164,407 | ||||||
Deutsche Bank AG | 2,115 | 73,506 | ||||||
Deutsche Boerse AG | 589 | 48,115 | ||||||
Deutsche Lufthansa AG | 3,533 | 49,631 | ||||||
Deutsche Post AG | 2,934 | 91,682 | ||||||
Deutsche Telekom AG | 4,839 | 88,610 | ||||||
E.ON SE | 3,033 | 45,230 | ||||||
Fresenius Medical Care AG & Co. KGaA | 329 | 27,370 | ||||||
Linde AG | 209 | 42,570 | ||||||
MAN SE | 279 | 29,365 | ||||||
Merck KGaA | 1,037 | 116,441 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 448 | 96,591 | ||||||
OSRAM Licht AG | 30 | 1,492 | ||||||
RWE AG | 1,017 | 25,974 | ||||||
Salzgitter AG | 1,077 | 31,329 | ||||||
SAP SE | 1,508 | 109,371 | ||||||
Siemens AG | 1,199 | 129,674 |
See accompanying notes to financial statements.
245
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
ThyssenKrupp AG | 1,895 | $ | 49,731 | |||||
Volkswagen AG | 359 | 92,555 | ||||||
1,872,674 | ||||||||
HONG KONG — 2.2% | ||||||||
AIA Group, Ltd. | 14,000 | 88,120 | ||||||
Bank of East Asia, Ltd. | 12,347 | 49,130 | ||||||
China Mobile, Ltd. | 9,500 | 124,003 | ||||||
China Overseas Land & Investment, Ltd. | 20,000 | 64,620 | ||||||
China Resources Enterprise, Ltd. (a) | 20,000 | 39,210 | ||||||
China Unicom (Hong Kong), Ltd. | 20,000 | 30,440 | ||||||
CITIC, Ltd. (a) | 20,000 | 34,257 | ||||||
CK Hutchison Holdings, Ltd. | 10,000 | 204,823 | ||||||
CNOOC, Ltd. | 30,000 | 42,409 | ||||||
COSCO Pacific, Ltd. | 20,240 | 26,523 | ||||||
Global Brands Group Holding, Ltd. (b) | 6,000 | 1,176 | ||||||
Hang Lung Properties, Ltd. | 10,000 | 28,118 | ||||||
Henderson Land Development Co., Ltd. | 10,418 | 73,166 | ||||||
Hong Kong Exchanges and Clearing, Ltd. | 3,023 | 74,083 | ||||||
Hutchison Whampoa, Ltd. | 10,000 | 138,784 | ||||||
Li & Fung, Ltd. | 20,000 | 19,528 | ||||||
Link REIT | 10,058 | 62,011 | ||||||
New World Development Co., Ltd. | 30,319 | 35,156 | ||||||
Sands China, Ltd. | 8,000 | 33,122 | ||||||
Shangri-La Asia, Ltd. | 20,000 | 27,499 | ||||||
Sun Hung Kai Properties, Ltd. | 10,253 | 158,165 | ||||||
Swire Pacific, Ltd. | 5,000 | 68,167 | ||||||
1,422,510 | ||||||||
HUNGARY — 0.1% | ||||||||
MOL Hungarian Oil and Gas PLC | 229 | 9,941 | ||||||
Richter Gedeon NyRt | 1,865 | 25,718 | ||||||
35,659 | ||||||||
INDIA — 0.6% | ||||||||
Dr. Reddy’s Laboratories, Ltd. ADR | 2,126 | 121,395 | ||||||
ICICI Bank, Ltd. ADR | 6,631 | 68,697 | ||||||
Infosys, Ltd. ADR (a) | 1,856 | 65,108 | ||||||
Mahindra & Mahindra, Ltd. GDR | 533 | 10,207 | ||||||
Reliance Industries, Ltd. GDR (d) | 1,646 | 43,537 | ||||||
Tata Motors, Ltd. ADR (a) | 1,797 | 80,973 | ||||||
389,917 | ||||||||
INDONESIA — 0.5% | ||||||||
Astra Agro Lestari Tbk PT | 15,000 | 27,878 | ||||||
Astra International Tbk PT | 50,800 | 33,316 | ||||||
Bank Central Asia Tbk PT | 45,800 | 51,930 | ||||||
Bank Mandiri Persero Tbk PT | 45,800 | 43,698 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 53,100 | 53,912 | ||||||
Gudang Garam Tbk PT | 5,000 | 19,503 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 335,200 | 74,090 | ||||||
304,327 | ||||||||
IRELAND — 1.5% | ||||||||
Accenture PLC (Class A) (a) | 1,037 | 97,157 | ||||||
Actavis PLC (a)(b) | 343 | 102,160 | ||||||
Allegion PLC (a) | 338 | 20,676 | ||||||
CRH PLC | 1,555 | 40,466 | ||||||
Eaton Corp. PLC | 2,066 | 140,364 | ||||||
Mallinckrodt PLC (a)(b) | 129 | 16,338 | ||||||
Medtronic PLC | 4,791 | 373,650 | ||||||
Pentair PLC (a) | 119 | 7,484 | ||||||
Perrigo Co. PLC | 19 | 3,145 | ||||||
Seagate Technology PLC (a) | 1,037 | 53,955 | ||||||
Tyco International PLC | 1,037 | 44,653 | ||||||
Weatherford International PLC (b) | 5,168 | 63,566 | ||||||
963,614 | ||||||||
ISRAEL — 0.3% | ||||||||
Bank Hapoalim BM | 6,923 | 33,356 | ||||||
Bank Leumi Le-Israel BM (b) | 29,240 | 108,601 | ||||||
Teva Pharmaceutical Industries, Ltd. ADR | 1,187 | 73,950 | ||||||
215,907 | ||||||||
ITALY — 0.6% | ||||||||
Assicurazioni Generali SpA | 2,874 | 56,517 | ||||||
Banca Monte dei Paschi di Siena SpA (a)(b) | 15,206 | 10,093 | ||||||
Enel SpA | 12,647 | 57,211 | ||||||
ENI SpA | 2,685 | 46,514 | ||||||
Intesa Sanpaolo SpA | 22,821 | 77,598 | ||||||
Mediaset SpA (b) | 11,220 | 51,262 | ||||||
Saipem SpA (a)(b) | 569 | 5,802 | ||||||
Telecom Italia SpA (b) | 53,316 | 62,529 | ||||||
UniCredit SpA | 7,738 | 52,606 | ||||||
420,132 | ||||||||
JAPAN — 8.0% | ||||||||
Aisin Seiki Co., Ltd. | 1,000 | 36,356 | ||||||
Asahi Group Holdings, Ltd. | 1,000 | 31,799 | ||||||
Asahi Kasei Corp. (a) | 10,000 | 95,810 | ||||||
Astellas Pharma, Inc. | 5,000 | 82,030 | ||||||
Bridgestone Corp. | 1,000 | 40,158 | ||||||
Canon, Inc. | 1,000 | 35,422 | ||||||
Credit Saison Co., Ltd. | 2,000 | 35,989 | ||||||
Daiichi Sankyo Co., Ltd. (a) | 3,000 | 47,705 | ||||||
Daikin Industries, Ltd. | 1,000 | 67,092 | ||||||
Daiwa Securities Group, Inc. | 10,000 | 78,883 | ||||||
Denso Corp. | 2,000 | 91,440 | ||||||
Eisai Co., Ltd. (a) | 1,000 | 71,169 | ||||||
FUJIFILM Holdings Corp. | 2,000 | 71,320 | ||||||
Fujitsu, Ltd. | 9,000 | 61,471 | ||||||
Hitachi, Ltd. (a) | 10,000 | 68,643 | ||||||
Hokuhoku Financial Group, Inc. | 20,000 | 44,695 | ||||||
Honda Motor Co., Ltd. | 2,000 | 65,091 | ||||||
Hoya Corp. | 2,000 | 80,342 | ||||||
ITOCHU Corp. (a) | 3,000 | 32,558 | ||||||
Japan Tobacco, Inc. | 2,000 | 63,381 | ||||||
JFE Holdings, Inc. | 2,000 | 44,261 | ||||||
Joyo Bank, Ltd. (a) | 10,000 | 51,532 | ||||||
JSR Corp. | 2,000 | 34,738 | ||||||
JX Holdings, Inc. (a) | 5,000 | 19,270 | ||||||
Kajima Corp. | 10,000 | 46,529 | ||||||
Kamigumi Co., Ltd. | 10,000 | 94,642 | ||||||
Kansai Electric Power Co., Inc. (b) | 2,000 | 19,120 | ||||||
KDDI Corp. | 6,000 | 136,110 | ||||||
Kobe Steel, Ltd. (a) | 30,000 | 55,535 | ||||||
Komatsu, Ltd. | 2,000 | 39,400 | ||||||
Konica Minolta Holdings, Inc. | 5,000 | 50,907 | ||||||
Kyocera Corp. | 2,000 | 109,935 |
See accompanying notes to financial statements.
246
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Makita Corp. | 1,000 | $ | 52,032 | |||||
Marubeni Corp. (a) | 10,000 | 58,036 | ||||||
Marui Group Co., Ltd. (a) | 9,000 | 102,439 | ||||||
Mitsubishi Chemical Holdings Corp. | 5,000 | 29,127 | ||||||
Mitsubishi Corp. (a) | 2,000 | 40,367 | ||||||
Mitsubishi Electric Corp. | 10,000 | 119,116 | ||||||
Mitsubishi Heavy Industries, Ltd. | 10,000 | 55,226 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 17,900 | 111,005 | ||||||
Mitsui & Co., Ltd. | 2,000 | 26,883 | ||||||
Mizuho Financial Group, Inc. | 36,900 | 64,954 | ||||||
MS&AD Insurance Group Holdings, Inc. (a) | 2,000 | 56,202 | ||||||
Murata Manufacturing Co., Ltd. | 1,000 | 137,878 | ||||||
NEC Corp. | 2,000 | 5,887 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 29,000 | 73,150 | ||||||
Nippon Yusen K.K. | 20,000 | 57,703 | ||||||
Nissan Motor Co., Ltd. | 4,000 | 40,826 | ||||||
Nitto Denko Corp. | 1,000 | 66,958 | ||||||
Nomura Holdings, Inc. | 9,900 | 58,298 | ||||||
NTT Data Corp. (a) | 1,000 | 43,611 | ||||||
Obayashi Corp. | 10,000 | 65,041 | ||||||
ORIX Corp. | 4,000 | 56,319 | ||||||
Osaka Gas Co., Ltd. | 10,000 | 41,918 | ||||||
Panasonic Corp. (a) | 6,000 | 78,899 | ||||||
Resona Holdings, Inc. | 6,000 | 29,849 | ||||||
Rohm Co., Ltd. | 1,000 | 68,626 | ||||||
Secom Co., Ltd. | 1,000 | 66,917 | ||||||
Seven & i Holdings Co., Ltd. | 1,000 | 42,135 | ||||||
Shin-Etsu Chemical Co., Ltd. | 1,000 | 65,458 | ||||||
Softbank Corp. | 2,000 | 116,406 | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 2,000 | 62,289 | ||||||
Sony Corp. (b) | 3,000 | 79,800 | ||||||
Sumitomo Chemical Co., Ltd. | 10,000 | 51,532 | ||||||
Sumitomo Corp. (a) | 2,000 | 21,438 | ||||||
Sumitomo Electric Industries, Ltd. | 3,000 | 39,400 | ||||||
Sumitomo Mitsui Financial Group, Inc. (a) | 2,000 | 76,740 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 10,000 | 41,317 | ||||||
T&D Holdings, Inc. | 4,000 | 55,184 | ||||||
Takeda Pharmaceutical Co., Ltd. (a) | 1,000 | 50,023 | ||||||
TDK Corp. | 1,000 | 71,211 | ||||||
Teijin, Ltd. | 10,000 | 34,021 | ||||||
Terumo Corp. | 2,000 | 52,866 | ||||||
Tokio Marine Holdings, Inc. | 2,000 | 75,689 | ||||||
Tokyo Electron, Ltd. | 1,000 | 69,894 | ||||||
Tokyu Corp. | 10,000 | 62,039 | ||||||
Toppan Printing Co., Ltd. (a) | 10,000 | 77,215 | ||||||
Toshiba Corp. (a) | 10,000 | 42,043 | ||||||
Toyota Motor Corp. (a) | 4,000 | 279,608 | ||||||
Toyota Tsusho Corp. (a) | 3,000 | 79,675 | ||||||
West Japan Railway Co. | 1,000 | 52,558 | ||||||
Yamada Denki Co., Ltd. (a) | 4,000 | 16,510 | ||||||
Yamaha Corp. | 6,000 | 105,266 | ||||||
5,230,917 | ||||||||
LUXEMBOURG — 0.0% (c) | ||||||||
ArcelorMittal (a) | 2,016 | 18,999 | ||||||
MEXICO — 0.5% | ||||||||
America Movil SAB de CV (Series L) | 77,423 | 79,587 | ||||||
Cemex SAB de CV (b) | 35,269 | 33,500 | ||||||
Fomento Economico Mexicano SAB de CV (b) | 7,960 | 74,776 | ||||||
Grupo Financiero Banorte SAB de CV | 7,660 | 44,509 | ||||||
Grupo Mexico SAB de CV (Series B) | 12,738 | 37,668 | ||||||
Grupo Televisa SAB (b) | 6,764 | 44,755 | ||||||
Industrias Penoles SAB de CV | 518 | 9,025 | ||||||
323,820 | ||||||||
NETHERLANDS — 1.5% | ||||||||
Airbus Group NV | 679 | 44,076 | ||||||
Akzo Nobel NV | 766 | 57,933 | ||||||
ASML Holding NV | 729 | 74,215 | ||||||
CNH Industrial NV (a) | 1,426 | 11,670 | ||||||
Heineken NV | 539 | 41,118 | ||||||
ING Groep NV (b) | 6,992 | 102,466 | ||||||
Koninklijke Ahold NV | 3,299 | 65,016 | ||||||
Koninklijke DSM NV | 896 | 50,011 | ||||||
Koninklijke KPN NV | 9,206 | 31,234 | ||||||
Koninklijke Philips NV | 2,744 | 77,876 | ||||||
LyondellBasell Industries NV (Class A) | 1,037 | 91,049 | ||||||
Reed Elsevier NV | 3,531 | 87,943 | ||||||
Unilever NV | 2,052 | 85,763 | ||||||
Wolters Kluwer NV | 4,379 | 142,973 | ||||||
963,343 | ||||||||
NORWAY — 0.3% | ||||||||
DnB ASA | 3,752 | 60,383 | ||||||
Norsk Hydro ASA | 11,531 | 60,652 | ||||||
Telenor ASA | 3,073 | 62,115 | ||||||
Yara International ASA | 639 | 32,509 | ||||||
215,659 | ||||||||
PERU — 0.0% (c) | ||||||||
Compania de Minas Buenaventura SA ADR | 309 | 3,130 | ||||||
PHILIPPINES — 0.1% | ||||||||
Philippine Long Distance Telephone Co. ADR (a) | 748 | 46,743 | ||||||
PORTUGAL — 0.0% (c) | ||||||||
Portugal Telecom SGPS SA (a) | 8,777 | 5,090 | ||||||
RUSSIA — 0.4% | ||||||||
Gazprom OAO ADR (e) | 781 | 3,682 | ||||||
Gazprom OAO ADR (e) | 7,300 | 34,704 | ||||||
Lukoil OAO ADR | 988 | 45,379 | ||||||
MMC Norilsk Nickel OJSC ADR | 1,207 | 21,442 | ||||||
Mobile Telesystems OJSC ADR | 1,885 | 19,039 | ||||||
RusHydro JSC ADR (e) | 824 | 791 | ||||||
RusHydro JSC ADR (e) | 1,044 | 1,011 | ||||||
Sberbank of Russia ADR (e) | 412 | 1,800 | ||||||
Sberbank of Russia ADR (e) | 3,848 | 16,908 | ||||||
Surgutneftegas OAO ADR Preference Shares | 8,697 | 65,532 | ||||||
Tatneft OAO ADR | 1,007 | 29,999 | ||||||
Uralkali PJSC GDR | 154 | 2,056 | ||||||
242,343 | ||||||||
SINGAPORE — 0.4% | ||||||||
CapitaLand, Ltd. (a) | 30,000 | 78,297 | ||||||
Singapore Exchange, Ltd. | 20,000 | 118,685 |
See accompanying notes to financial statements.
247
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Singapore Press Holdings, Ltd. (a) | 20,000 | $ | 61,092 | |||||
Singapore Telecommunications, Ltd. | 10,000 | 31,931 | ||||||
290,005 | ||||||||
SOUTH AFRICA — 0.8% | ||||||||
AngloGold Ashanti, Ltd. (b) | 878 | 8,456 | ||||||
Discovery, Ltd. | 12,027 | 123,881 | ||||||
FirstRand, Ltd. | 11,043 | 50,894 | ||||||
Gold Fields, Ltd. | 2,126 | 9,005 | ||||||
Harmony Gold Mining Co., Ltd. (b) | 2,355 | 4,109 | ||||||
Impala Platinum Holdings, Ltd. (b) | 1,596 | 7,749 | ||||||
MTN Group, Ltd. | 4,081 | 69,048 | ||||||
Naspers, Ltd. (Class N) | 649 | 100,165 | ||||||
Sanlam, Ltd. | 10,225 | 66,137 | ||||||
Sasol, Ltd. | 788 | 26,806 | ||||||
Sibanye Gold, Ltd. | 1,047 | 2,240 | ||||||
Standard Bank Group, Ltd. | 2,642 | 36,633 | ||||||
505,123 | ||||||||
SOUTH KOREA — 1.4% | ||||||||
Actoz Soft Co., Ltd. (b) | 467 | 15,343 | ||||||
E-Mart Co., Ltd. | 36 | 7,560 | ||||||
Hana Financial Group, Inc. | 408 | 10,573 | ||||||
Hyundai Heavy Industries Co., Ltd. (b) | 53 | 5,828 | ||||||
Hyundai Hysco Co., Ltd. | 141 | 8,096 | ||||||
Hyundai Mobis Co., Ltd. | 102 | 22,663 | ||||||
Hyundai Motor Co. | 231 | 35,084 | ||||||
Hyundai Steel Co. | 39 | 2,566 | ||||||
JoyCity Corp. (b) | 1,168 | 30,741 | ||||||
KB Financial Group, Inc. | 559 | 19,801 | ||||||
KH Vatec Co., Ltd. | 1,304 | 37,553 | ||||||
Kia Motors Corp. | 329 | 13,404 | ||||||
Korea Electric Power Corp. ADR (a)(b) | 774 | 15,867 | ||||||
KT&G Corp. | 209 | 16,709 | ||||||
LG Chem, Ltd. Preference Shares | 319 | 43,705 | ||||||
LG Electronics, Inc. | 170 | 9,025 | ||||||
LG Household & Health Care, Ltd. | 30 | 22,741 | ||||||
Lotte Chemical Corp. | 24 | 4,402 | ||||||
NAVER Corp. | 59 | 35,683 | ||||||
NHN Entertainment Corp. (b) | 29 | 1,866 | ||||||
POSCO ADR | 1,129 | 61,711 | ||||||
Samsung C&T Corp. | 348 | 18,632 | ||||||
Samsung Electronics Co., Ltd. GDR | 381 | 245,364 | ||||||
Samsung Engineering Co., Ltd. (b) | 71 | 2,467 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 70 | 16,878 | ||||||
Samsung Heavy Industries Co., Ltd. | 559 | 9,095 | ||||||
Samsung Securities Co., Ltd. | 339 | 15,889 | ||||||
SeAH Steel Corp. | 1,328 | 96,118 | ||||||
Shinhan Financial Group Co., Ltd. | 559 | 21,137 | ||||||
SK Holdings Co., Ltd. | 119 | 18,234 | ||||||
SK Hynix, Inc. | 869 | 35,678 | ||||||
SK Innovation Co., Ltd. (b) | 89 | 7,653 | ||||||
908,066 | ||||||||
SPAIN — 1.0% | ||||||||
Acciona SA (b) | 1,242 | 95,748 | ||||||
Acerinox SA | 2,804 | 47,055 | ||||||
ACS, Actividades de Construccion y Servicios SA | 2,100 | 74,428 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 8,190 | 82,753 | ||||||
Banco Santander SA | 18,716 | 141,049 | ||||||
Iberdrola SA | 7,154 | 46,116 | ||||||
Inditex SA | 2,000 | 64,182 | ||||||
Repsol SA | 1,298 | 24,166 | ||||||
Telefonica SA | 6,053 | 86,202 | ||||||
661,699 | ||||||||
SWEDEN — 1.1% | ||||||||
Assa Abloy AB (Class B) | 1,137 | 67,766 | ||||||
Atlas Copco AB (Class B) | 3,173 | 93,784 | ||||||
Nordea Bank AB | 5,504 | 67,204 | ||||||
Sandvik AB | 2,954 | 33,037 | ||||||
Securitas AB (Class B) | 4,590 | 65,837 | ||||||
Skandinaviska Enskilda Banken AB (Class A) | 6,943 | 81,232 | ||||||
Skanska AB (Class B) | 3,013 | 67,568 | ||||||
SKF AB (Class B) (a) | 2,144 | 55,390 | ||||||
Svenska Handelsbanken AB (Class A) | 938 | 42,342 | ||||||
Tele2 AB (Class B) | 1,895 | 22,655 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 5,617 | 70,603 | ||||||
TeliaSonera AB | 4,839 | 30,749 | ||||||
Volvo AB (Class A) | 4,630 | 56,210 | ||||||
754,377 | ||||||||
SWITZERLAND — 3.2% | ||||||||
ABB, Ltd. (b) | 4,180 | 88,781 | ||||||
ACE, Ltd. (a) | 1,037 | 115,615 | ||||||
Adecco SA (b) | 808 | 67,382 | ||||||
Cie Financiere Richemont SA | 1,137 | 91,658 | ||||||
Credit Suisse Group AG (b) | 2,463 | 66,387 | ||||||
Geberit AG | 329 | 123,633 | ||||||
Givaudan SA (b) | 40 | 72,563 | ||||||
Holcim, Ltd. (b) | 738 | 55,200 | ||||||
Kuehne + Nagel International AG | 389 | 57,871 | ||||||
Nestle SA | 2,894 | 218,696 | ||||||
Novartis AG | 2,733 | 270,543 | ||||||
Roche Holding AG | 1,017 | 280,714 | ||||||
SGS SA | 40 | 76,598 | ||||||
Swatch Group AG | 120 | 50,913 | ||||||
Swiss Re AG | 978 | 94,749 | ||||||
Syngenta AG | 100 | 34,047 | ||||||
TE Connectivity, Ltd. (a) | 2,066 | 147,967 | ||||||
Transocean, Ltd. (a) | 738 | 10,683 | ||||||
UBS Group AG (b) | 5,683 | 107,189 | ||||||
Zurich Insurance Group AG (b) | 199 | 67,467 | ||||||
2,098,656 | ||||||||
TAIWAN — 1.2% | ||||||||
Advanced Semiconductor Engineering Inc, ADR | 11,940 | 85,968 | ||||||
AU Optronics Corp. ADR | 10,265 | 51,428 | ||||||
Chunghwa Telecom Co., Ltd. ADR (a) | 2,723 | 87,327 | ||||||
Hon Hai Precision Industry Co., Ltd. GDR | 18,569 | 107,700 | ||||||
Siliconware Precision Industries Co., Ltd. ADR (a) | 17,087 | 139,772 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 11,342 | 266,310 |
See accompanying notes to financial statements.
248
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
United Microelectronics Corp. ADR (a) | 26,692 | $ | 65,128 | |||||
803,633 | ||||||||
THAILAND — 0.1% | ||||||||
Bangkok Bank PCL | 11,000 | 62,707 | ||||||
PTT PCL | 2,000 | 19,853 | ||||||
82,560 | ||||||||
TURKEY — 0.2% | ||||||||
Akbank TAS | 7,560 | 22,274 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT | 41,396 | 47,032 | ||||||
Turkiye Garanti Bankasi AS | 8,747 | 28,736 | ||||||
Turkiye Is Bankasi (Class C) | 20,068 | 45,368 | ||||||
143,410 | ||||||||
UNITED KINGDOM — 7.4% | ||||||||
3i Group PLC | 18,334 | 131,294 | ||||||
Anglo American PLC | 2,305 | 34,628 | ||||||
AstraZeneca PLC | 1,827 | 125,479 | ||||||
BAE Systems PLC | 9,218 | 71,636 | ||||||
Barclays PLC | 24,658 | 88,803 | ||||||
BG Group PLC | 4,610 | 56,733 | ||||||
BHP Billiton PLC | 3,143 | 68,750 | ||||||
BP PLC | 26,491 | 171,736 | ||||||
British American Tobacco PLC | 528 | 27,343 | ||||||
British Land Co. PLC | 6,516 | 80,528 | ||||||
BT Group PLC | 21,507 | 139,841 | ||||||
Burberry Group PLC | 1,636 | 42,088 | ||||||
Capita PLC | 5,556 | 92,046 | ||||||
Cobham PLC | 27,382 | 123,653 | ||||||
Compass Group PLC | 4,665 | 81,163 | ||||||
Diageo PLC | 2,814 | 77,679 | ||||||
Experian PLC | 3,839 | 63,658 | ||||||
G4S PLC | 6,444 | 28,297 | ||||||
GlaxoSmithKline PLC | 6,464 | 148,351 | ||||||
Glencore PLC (b) | 5,496 | 23,326 | ||||||
Hammerson PLC | 10,432 | 102,984 | ||||||
HSBC Holdings PLC | 23,287 | 198,429 | ||||||
Imperial Tobacco Group PLC | 1,037 | 45,613 | ||||||
Indivior PLC (b) | 828 | 2,335 | ||||||
InterContinental Hotels Group PLC | 2,605 | 101,860 | ||||||
J Sainsbury PLC (a) | 7,620 | 29,320 | ||||||
Land Securities Group PLC | 4,558 | 84,783 | ||||||
Liberty Global PLC (Class A) (b) | 1,037 | 53,374 | ||||||
Liberty Global PLC (Series C) (b) | 1,847 | 91,999 | ||||||
Lloyds Banking Group PLC (b) | 89,563 | 104,078 | ||||||
Marks & Spencer Group PLC | 10,524 | 83,583 | ||||||
National Grid PLC | 2,050 | 26,315 | ||||||
Next PLC | 748 | 78,006 | ||||||
Noble Corp. PLC (a) | 2,066 | 29,503 | ||||||
Old Mutual PLC | 15,510 | 51,138 | ||||||
Paragon Offshore PLC | 688 | 894 | ||||||
Pearson PLC | 1,237 | 26,645 | ||||||
Prudential PLC | 5,018 | 124,551 | ||||||
Randgold Resources, Ltd. | 299 | 20,831 | ||||||
Reckitt Benckiser Group PLC | 828 | 71,292 | ||||||
Reed Elsevier PLC | 3,223 | 55,453 | ||||||
Rio Tinto PLC | 2,223 | 91,477 | ||||||
Rolls-Royce Holdings PLC (b) | 3,272 | 46,290 | ||||||
Royal Dutch Shell PLC (Class A) | 279 | 8,317 | ||||||
Royal Dutch Shell PLC (Class B) | 7,870 | 245,227 | ||||||
RSA Insurance Group PLC | 7,295 | 45,581 | ||||||
SABMiller PLC | 1,356 | 71,260 | ||||||
Sage Group PLC | 17,586 | 121,839 | ||||||
Severn Trent PLC | 2,585 | 79,013 | ||||||
Sky PLC | 2,076 | 30,603 | ||||||
Smith & Nephew PLC | 4,686 | 79,581 | ||||||
Smiths Group PLC | 3,612 | 59,947 | ||||||
SSE PLC | 1,709 | 38,004 | ||||||
Standard Chartered PLC | 3,642 | 59,121 | ||||||
Standard Life PLC | 17,377 | 122,683 | ||||||
Tesco PLC | 12,220 | 43,873 | ||||||
Tullow Oil PLC | 1,837 | 7,723 | ||||||
Unilever PLC | 1,585 | 66,235 | ||||||
United Utilities Group PLC | 4,600 | 63,712 | ||||||
Vodafone Group PLC | 37,704 | 123,390 | ||||||
Whitbread PLC | 3,382 | 263,330 | ||||||
Wolseley PLC | 878 | 52,045 | ||||||
WPP PLC | 3,562 | 80,956 | ||||||
4,860,225 | ||||||||
UNITED STATES — 50.2% | ||||||||
3M Co. | 1,037 | 171,053 | ||||||
Abbott Laboratories (a) | 2,066 | 95,718 | ||||||
AbbVie, Inc. | 1,017 | 59,535 | ||||||
Adobe Systems, Inc. (a)(b) | 3,103 | 229,436 | ||||||
ADT Corp. (a) | 251 | 10,422 | ||||||
Aetna, Inc. | 2,066 | 220,091 | ||||||
Aflac, Inc. (a) | 2,066 | 132,245 | ||||||
Agilent Technologies, Inc. | 2,066 | 85,842 | ||||||
Alexion Pharmaceuticals, Inc. (b) | 1,037 | 179,712 | ||||||
Allstate Corp. (a) | 2,066 | 147,037 | ||||||
Altera Corp. | 1,037 | 44,498 | ||||||
Altria Group, Inc. | 2,066 | 103,341 | ||||||
Amazon.com, Inc. (a)(b) | 837 | 311,448 | ||||||
American Capital Agency Corp. (a) | 1,037 | 22,119 | ||||||
American Electric Power Co., Inc. (a) | 2,066 | 116,213 | ||||||
American Express Co. | 2,066 | 161,396 | ||||||
American Tower Corp. | 1,037 | 97,634 | ||||||
Amgen, Inc. | 1,766 | 282,295 | ||||||
Anadarko Petroleum Corp. (a) | 1,037 | 85,874 | ||||||
Annaly Capital Management, Inc. | 2,066 | 21,486 | ||||||
Anthem, Inc. (a) | 1,037 | 160,123 | ||||||
Apache Corp. | 1,037 | 62,562 | ||||||
Apple, Inc. | 7,252 | 902,366 | ||||||
Applied Materials, Inc. | 7,232 | 163,154 | ||||||
Archer-Daniels-Midland Co. | 3,103 | 147,082 | ||||||
AT&T, Inc. (a) | 7,232 | 236,125 | ||||||
Automatic Data Processing, Inc. | 1,037 | 88,809 | ||||||
Baker Hughes, Inc. | 1,566 | 99,566 | ||||||
Bank of America Corp. | 17,585 | 270,633 | ||||||
Bank of New York Mellon Corp. | 3,103 | 124,865 | ||||||
Baxter International, Inc. | 2,066 | 141,521 | ||||||
Becton, Dickinson and Co. | 1,037 | 148,903 | ||||||
Bed Bath & Beyond, Inc. (a)(b) | 1,037 | 79,616 | ||||||
Berkshire Hathaway, Inc. (Class B) (b) | 1,037 | 149,660 | ||||||
Biogen, Inc. (b) | 637 | 268,967 | ||||||
Boeing Co. | 1,037 | 155,633 | ||||||
Bristol-Myers Squibb Co. (a) | 3,103 | 200,144 |
See accompanying notes to financial statements.
249
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Broadcom Corp. (Class A) | 2,066 | $ | 89,447 | |||||
C.H. Robinson Worldwide, Inc. (a) | 1,037 | 75,929 | ||||||
California Resources Corp. (a) | 826 | 6,286 | ||||||
Cameron International Corp. (a)(b) | 2,066 | 93,218 | ||||||
Capital One Financial Corp. (a) | 1,037 | 81,736 | ||||||
Carnival Corp. | 1,037 | 49,610 | ||||||
Caterpillar, Inc. (a) | 1,037 | 82,991 | ||||||
CBS Corp. (Class B) (a) | 2,053 | 124,473 | ||||||
CDK Global, Inc. | 345 | 16,132 | ||||||
Celgene Corp. (a)(b) | 2,074 | 239,091 | ||||||
CenturyLink, Inc. (a) | 2,066 | 71,380 | ||||||
Charles Schwab Corp. | 5,168 | 157,314 | ||||||
Chesapeake Energy Corp. (a) | 3,103 | 43,938 | ||||||
Chevron Corp. | 3,103 | 325,753 | ||||||
Chubb Corp. (a) | 1,037 | 104,841 | ||||||
Church & Dwight Co., Inc. | 2,066 | 176,478 | ||||||
Cisco Systems, Inc. | 10,335 | 284,471 | ||||||
Citigroup, Inc. | 5,168 | 266,255 | ||||||
Citrix Systems, Inc. (b) | 1,037 | 66,233 | ||||||
Clorox Co. (a) | 1,037 | 114,474 | ||||||
Coach, Inc. (a) | 1,037 | 42,963 | ||||||
Coca-Cola Co. | 4,140 | 167,877 | ||||||
Cognizant Technology Solutions Corp. (Class A) (b) | 2,074 | 129,397 | ||||||
Colgate-Palmolive Co. | 2,066 | 143,256 | ||||||
Comcast Corp. (Class A) Special (a) | 2,668 | 149,581 | ||||||
ConAgra Foods, Inc. | 2,066 | 75,471 | ||||||
ConocoPhillips (a) | 2,066 | 128,629 | ||||||
Corning, Inc. | 4,140 | 93,895 | ||||||
Costco Wholesale Corp. | 1,037 | 157,100 | ||||||
CST Brands, Inc. (a) | 110 | 4,821 | ||||||
CSX Corp. | 4,140 | 137,117 | ||||||
Cummins, Inc. | 1,037 | 143,770 | ||||||
CVS Health Corp. | 2,066 | 213,232 | ||||||
Danaher Corp. | 2,066 | 175,403 | ||||||
Deere & Co. (a) | 1,037 | 90,935 | ||||||
Devon Energy Corp. (a) | 1,037 | 62,541 | ||||||
DIRECTV (a)(b) | 1,037 | 88,249 | ||||||
Discover Financial Services | 2,066 | 116,419 | ||||||
Dollar Tree, Inc. (b) | 2,066 | 167,646 | ||||||
Dow Chemical Co. (a) | 3,103 | 148,882 | ||||||
Duke Energy Corp. | 1,127 | 86,531 | ||||||
E. I. du Pont de Nemours & Co. (a) | 2,066 | 147,657 | ||||||
eBay, Inc. (a)(b) | 3,103 | 178,981 | ||||||
Ecolab, Inc. | 1,037 | 118,612 | ||||||
Edison International | 2,066 | 129,063 | ||||||
Eli Lilly & Co. | 2,066 | 150,095 | ||||||
EMC Corp. (a) | 4,140 | 105,818 | ||||||
Emerson Electric Co. | 2,066 | 116,977 | ||||||
EOG Resources, Inc. (a) | 2,074 | 190,165 | ||||||
Equity Residential | 1,037 | 80,741 | ||||||
Estee Lauder Cos., Inc. (Class A) (a) | 1,037 | 86,237 | ||||||
Exelon Corp. (a) | 2,066 | 69,438 | ||||||
Express Scripts Holding Co. (b) | 1,446 | 125,469 | ||||||
Exxon Mobil Corp. | 6,205 | 527,425 | ||||||
Facebook, Inc. (Class A) (b) | 1,000 | 82,215 | ||||||
Fastenal Co. (a) | 1,037 | 42,968 | ||||||
FedEx Corp. | 1,037 | 171,572 | ||||||
FirstEnergy Corp. | 2,066 | 72,434 | ||||||
FMC Technologies, Inc. (a)(b) | 2,066 | 76,463 | ||||||
Ford Motor Co. (a) | 8,269 | 133,462 | ||||||
Franklin Resources, Inc. (a) | 3,103 | 159,246 | ||||||
Freeport-McMoRan, Inc. (a) | 2,066 | 39,151 | ||||||
General Dynamics Corp. | 1,037 | 140,752 | ||||||
General Electric Co. | 15,512 | 384,853 | ||||||
General Mills, Inc. (a) | 1,037 | 58,694 | ||||||
General Motors Co. | 2,066 | 77,475 | ||||||
Gilead Sciences, Inc. (a)(b) | 3,240 | 317,941 | ||||||
Goldman Sachs Group, Inc. | 1,037 | 194,925 | ||||||
Google, Inc. (Class A) (b) | 508 | 281,788 | ||||||
Google, Inc. (Class C) (b) | 508 | 278,384 | ||||||
Halliburton Co. | 2,066 | 90,656 | ||||||
Halyard Health, Inc. (a)(b) | 129 | 6,347 | ||||||
HCP, Inc. | 3,103 | 134,081 | ||||||
Hershey Co. | 1,037 | 104,644 | ||||||
Hess Corp. (a) | 1,037 | 70,381 | ||||||
Hewlett-Packard Co. (a) | 4,140 | 129,002 | ||||||
Home Depot, Inc. | 2,066 | 234,718 | ||||||
Honeywell International, Inc. | 2,066 | 215,504 | ||||||
Illinois Tool Works, Inc. | 2,066 | 200,691 | ||||||
Ingersoll-Rand PLC | 2,066 | 140,653 | ||||||
Intel Corp. | 8,269 | 258,572 | ||||||
International Business Machines Corp. (a) | 1,666 | 267,393 | ||||||
Intuit, Inc. | 1,037 | 100,548 | ||||||
J.M. Smucker Co. | 1,037 | 120,012 | ||||||
Johnson & Johnson | 3,103 | 312,162 | ||||||
Johnson Controls, Inc. | 2,066 | 104,209 | ||||||
JPMorgan Chase & Co. (a) | 6,205 | 375,899 | ||||||
Juniper Networks, Inc. | 2,066 | 46,650 | ||||||
Kellogg Co. | 1,037 | 68,390 | ||||||
Keysight Technologies, Inc. (b) | 1,033 | 38,376 | ||||||
Kimberly-Clark Corp. | 1,037 | 111,073 | ||||||
Kinder Morgan, Inc. | 2,985 | 125,549 | ||||||
Kohl’s Corp. (a) | 1,037 | 81,145 | ||||||
Kraft Foods Group, Inc. (a) | 169 | 14,722 | ||||||
L Brands, Inc. (a) | 2,066 | 194,803 | ||||||
Las Vegas Sands Corp. (a) | 1,037 | 57,077 | ||||||
Liberty Interactive Corp. (Class A) (b) | 2,066 | 60,307 | ||||||
Liberty TripAdvisor Holdings, Inc. (Class A) (b) | 140 | 4,451 | ||||||
Liberty Ventures, (Series A) (b) | 433 | 18,190 | ||||||
Lockheed Martin Corp. | 1,037 | 210,470 | ||||||
Lowe’s Cos., Inc. | 3,103 | 230,832 | ||||||
Macy’s, Inc. | 2,066 | 134,104 | ||||||
Marathon Oil Corp. (a) | 3,103 | 81,019 | ||||||
Marathon Petroleum Corp. | 1,037 | 106,178 | ||||||
Marsh & McLennan Cos., Inc. | 2,066 | 115,882 | ||||||
Mattel, Inc. (a) | 4,140 | 94,599 | ||||||
McCormick & Co., Inc. (a) | 3,103 | 239,272 | ||||||
McDonald’s Corp. | 1,037 | 101,045 | ||||||
McKesson Corp. | 1,037 | 234,569 | ||||||
Mead Johnson Nutrition Co. | 1,037 | 104,250 | ||||||
Merck & Co., Inc. | 4,140 | 237,967 | ||||||
MetLife, Inc. | 3,103 | 156,857 | ||||||
Microsoft Corp. | 11,372 | 462,329 | ||||||
Mondelez International, Inc. (Class A) | 1,037 | 37,425 | ||||||
Monsanto Co. (a) | 1,037 | 116,704 |
See accompanying notes to financial statements.
250
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Morgan Stanley | 3,103 | $ | 110,746 | |||||
Mosaic Co. | 1,037 | 47,764 | ||||||
National Oilwell Varco, Inc. (a) | 1,037 | 51,840 | ||||||
NetApp, Inc. | 1,037 | 36,772 | ||||||
Newmont Mining Corp. (a) | 1,037 | 22,513 | ||||||
News Corp. (Class A) (b) | 629 | 10,070 | ||||||
NextEra Energy, Inc. (a) | 1,037 | 107,900 | ||||||
NIKE, Inc. (Class B) (a) | 2,066 | 207,282 | ||||||
Noble Energy, Inc. (a) | 2,066 | 101,027 | ||||||
Norfolk Southern Corp. (a) | 1,037 | 106,728 | ||||||
Northrop Grumman Corp. | 1,466 | 235,967 | ||||||
NOW, Inc. (a)(b) | 258 | 5,583 | ||||||
O’Reilly Automotive, Inc. (a)(b) | 1,037 | 224,241 | ||||||
Occidental Petroleum Corp. | 2,066 | 150,818 | ||||||
Oracle Corp. (a) | 7,232 | 312,061 | ||||||
Outfront Media, Inc. (a) | 3 | 90 | ||||||
Parker-Hannifin Corp. (a) | 1,037 | 123,175 | ||||||
PepsiCo, Inc. | 2,066 | 197,551 | ||||||
Pfizer, Inc. (a) | 10,215 | 355,380 | ||||||
PG&E Corp. (a) | 1,037 | 55,034 | ||||||
Philip Morris International, Inc. | 2,066 | 155,632 | ||||||
Phillips 66 (a) | 508 | 39,929 | ||||||
Pioneer Natural Resources Co. (a) | 1,037 | 169,560 | ||||||
PNC Financial Services Group, Inc. | 1,037 | 96,690 | ||||||
PPL Corp. (a) | 3,103 | 104,447 | ||||||
Praxair, Inc. | 1,037 | 125,207 | ||||||
Procter & Gamble Co. (a) | 2,066 | 169,288 | ||||||
ProLogis, Inc. | 3,103 | 135,167 | ||||||
Prudential Financial, Inc. | 2,066 | 165,920 | ||||||
Public Service Enterprise Group, Inc. | 2,066 | 86,607 | ||||||
Public Storage | 1,037 | 204,434 | ||||||
QUALCOMM, Inc. | 3,103 | 215,162 | ||||||
Range Resources Corp. | 1,037 | 53,965 | ||||||
Raytheon Co. | 1,037 | 113,292 | ||||||
Retail Opportunity Investments Corp. (a) | 10,512 | 192,370 | ||||||
Ross Stores, Inc. | 1,037 | 109,258 | ||||||
Salesforce.com, Inc. (a)(b) | 3,640 | 243,188 | ||||||
SanDisk Corp. (a) | 1,037 | 65,974 | ||||||
Schlumberger, Ltd. | 2,066 | 172,387 | ||||||
Seventy Seven Energy, Inc. (a)(b) | 218 | 905 | ||||||
Simon Property Group, Inc. (a) | 1,037 | 202,879 | ||||||
Southern Co. | 1,037 | 45,918 | ||||||
Southwestern Energy Co. (a)(b) | 1,037 | 24,048 | ||||||
Spectra Energy Corp. (a) | 2,066 | 74,727 | ||||||
St. Jude Medical, Inc. (a) | 2,066 | 135,116 | ||||||
Starbucks Corp. (a) | 2,066 | 195,650 | ||||||
State Street Corp. (a)(f) | 1,037 | 76,251 | ||||||
Sysco Corp. (a) | 2,066 | 77,950 | ||||||
Target Corp. (a) | 1,037 | 85,107 | ||||||
Texas Instruments, Inc. | 3,103 | 177,445 | ||||||
Thermo Fisher Scientific, Inc. (a) | 2,066 | 277,546 | ||||||
Time Warner Cable, Inc. | 1,037 | 155,426 | ||||||
Time Warner, Inc. | 1,666 | 140,677 | ||||||
Time, Inc. (a) | 258 | 5,790 | ||||||
TJX Cos., Inc. | 2,066 | 144,723 | ||||||
Travelers Cos., Inc. (a) | 1,037 | 112,131 | ||||||
Twenty-First Century Fox, Inc. (Class A) (a) | 5,168 | 174,885 | ||||||
Tyson Foods, Inc. (Class A) (a) | 4,140 | 158,562 | ||||||
U.S. Bancorp (a) | 3,103 | 135,508 | ||||||
Union Pacific Corp. | 2,074 | 224,635 | ||||||
United Financial Bancorp, Inc. | 16,547 | 205,679 | ||||||
United Parcel Service, Inc. (Class B) | 1,037 | 100,527 | ||||||
United Technologies Corp. | 1,037 | 121,536 | ||||||
UnitedHealth Group, Inc. | 2,066 | 244,387 | ||||||
Valero Energy Corp. (a) | 2,066 | 131,439 | ||||||
Vector Group, Ltd. | 10,757 | 236,331 | ||||||
Verizon Communications, Inc. | 3,500 | 170,205 | ||||||
Viacom, Inc. (Class B) | 1,037 | 70,827 | ||||||
Visa, Inc. (Class A) (a) | 4,148 | 271,321 | ||||||
Wal-Mart Stores, Inc. | 2,066 | 169,929 | ||||||
Walgreens Boots Alliance, Inc. | 2,066 | 174,949 | ||||||
Walt Disney Co. | 3,103 | 325,474 | ||||||
Waste Management, Inc. | 2,066 | 112,039 | ||||||
Wells Fargo & Co. | 8,269 | 449,834 | ||||||
Western Digital Corp. | 1,037 | 94,377 | ||||||
Whole Foods Market, Inc. | 2,066 | 107,597 | ||||||
Williams Cos., Inc. | 3,103 | 156,981 | ||||||
WP GLIMCHER, Inc. (a) | 517 | 8,598 | ||||||
Yahoo!, Inc. (a)(b) | 3,103 | 137,882 | ||||||
Yum! Brands, Inc. | 1,037 | 81,633 | ||||||
Zoetis, Inc. (a) | 119 | 5,510 | ||||||
32,943,550 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $63,100,522) | 65,060,939 | |||||||
RIGHTS — 0.0% (c) | ||||||||
SOUTH AFRICA — 0.0% (c) | ||||||||
Discovery, Ltd. (expiring 4/2/15) (b) | 1,129 | 3,242 | ||||||
SPAIN — 0.0% (c) | ||||||||
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/15) (b) | 8,190 | 1,179 | ||||||
Telefonica SA (expiring 4/10/15) (b) | 6,053 | 975 | ||||||
2,154 | ||||||||
TOTAL RIGHTS — | ||||||||
(Cost $1,160) | 5,396 | |||||||
SHORT TERM INVESTMENTS — 15.3% | ||||||||
UNITED STATES — 15.3% | ||||||||
MONEY MARKET FUNDS — 15.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 9,768,492 | 9,768,492 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (h)(i) | 265,637 | 265,637 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $10,034,129) | 10,034,129 | |||||||
TOTAL INVESTMENTS — 114.5% | ||||||||
(Cost $73,135,811) | 75,100,464 | |||||||
OTHER ASSETS & LIABILITIES — (14.5)% | (9,535,137 | ) | ||||||
NET ASSETS — 100.0% | $ | 65,565,327 | ||||||
See accompanying notes to financial statements.
251
SPDR MSCI ACWI IMI ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(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, 2015, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(e) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(f) | Affiliated issuer (Note 3). | |||||
(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
OJSC = Open Joint Stock Company
PCL = Public Company Limited
PJSC = Public Joint Stock Company
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
252
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AUSTRALIA — 2.7% | ||||||||
ALS, Ltd. | 1,375 | $ | 5,210 | |||||
AMP, Ltd. | 6,148 | 30,247 | ||||||
APA Group | 16,243 | 112,300 | ||||||
ASX, Ltd. | 648 | 20,500 | ||||||
Aurizon Holdings, Ltd. | 1,467 | 5,435 | ||||||
Australia & New Zealand Banking Group, Ltd. | 7,143 | 199,941 | ||||||
Brambles, Ltd. | 5,427 | 47,761 | ||||||
Caltex Australia, Ltd. | 2,856 | 76,255 | ||||||
Coca-Cola Amatil, Ltd. | 1,884 | 15,515 | ||||||
Commonwealth Bank of Australia | 4,115 | 293,617 | ||||||
Computershare, Ltd. | 876 | 8,512 | ||||||
Crown Resorts, Ltd. | 2,772 | 28,313 | ||||||
CSL, Ltd. | 1,176 | 82,761 | ||||||
Dexus Property Group | 4,670 | 27,043 | ||||||
Federation Centres | 8,390 | 19,485 | ||||||
Fortescue Metals Group, Ltd. | 20,667 | 30,946 | ||||||
Goodman Group | 9,247 | 44,858 | ||||||
GPT Group | 7,978 | 27,853 | ||||||
Harvey Norman Holdings, Ltd. | 1,832 | 6,228 | ||||||
Iluka Resources, Ltd. | 8,594 | 55,806 | ||||||
Insurance Australia Group, Ltd. | 5,762 | 26,851 | ||||||
Lend Lease Group | 1,645 | 20,911 | ||||||
Macquarie Group, Ltd. | 852 | 49,903 | ||||||
Mirvac Group | 17,680 | 27,148 | ||||||
National Australia Bank, Ltd. | 6,243 | 183,858 | ||||||
Newcrest Mining, Ltd. | 756 | 7,722 | ||||||
Novion Property Group | 15,096 | 28,947 | ||||||
QBE Insurance Group, Ltd. | 3,531 | 35,176 | ||||||
Ramsay Health Care, Ltd. | 132 | 6,781 | ||||||
Scentre Group | 17,163 | 49,038 | ||||||
Seek, Ltd. | 924 | 12,085 | ||||||
Sonic Healthcare, Ltd. | 708 | 11,056 | ||||||
Stockland | 11,191 | 38,472 | ||||||
Suncorp Group, Ltd. | 2,904 | 29,950 | ||||||
Sydney Airport | 9,858 | 39,011 | ||||||
Tabcorp Holdings, Ltd. | 4,432 | 16,049 | ||||||
Tatts Group, Ltd. | 8,330 | 25,328 | ||||||
Telstra Corp., Ltd. | 18,243 | 87,941 | ||||||
Transurban Group | 9,322 | 67,868 | ||||||
Treasury Wine Estates, Ltd. | 2,219 | 8,679 | ||||||
Wesfarmers, Ltd. | 2,487 | 83,522 | ||||||
Westfield Corp. | 8,114 | 59,198 | ||||||
Westpac Banking Corp. | 7,922 | 238,328 | ||||||
Woolworths, Ltd. | 3,815 | 85,948 | ||||||
WorleyParsons, Ltd. | 3,011 | 21,967 | ||||||
2,400,323 | ||||||||
AUSTRIA — 0.1% | ||||||||
Andritz AG | 120 | 7,176 | ||||||
Erste Group Bank AG | 443 | 10,912 | ||||||
IMMOFINANZ AG | 2,640 | 7,760 | ||||||
Raiffeisen Bank International AG | 720 | 10,068 | ||||||
Vienna Insurance Group AG Wiener Versicherung Gruppe | 228 | 10,089 | ||||||
46,005 | ||||||||
BELGIUM — 0.4% | ||||||||
Ageas | 648 | 23,248 | ||||||
Anheuser-Busch InBev NV | 2,183 | 266,809 | ||||||
Belgacom SA | 312 | 10,916 | ||||||
Colruyt SA | 540 | 23,512 | ||||||
KBC Groep NV | 519 | 32,084 | ||||||
UCB SA | 240 | 17,360 | ||||||
Umicore SA | 144 | 6,013 | ||||||
379,942 | ||||||||
BERMUDA — 0.0% (a) | ||||||||
Marvell Technology Group, Ltd. | 2,368 | 34,810 | ||||||
BRAZIL — 1.0% | ||||||||
AES Tiete SA Preference Shares | 4,743 | 25,525 | ||||||
Ambev SA | 13,272 | 76,615 | ||||||
Banco Bradesco SA | 1,425 | 13,434 | ||||||
Banco Bradesco SA Preference Shares | 5,691 | 52,831 | ||||||
Banco do Brasil SA | 2,369 | 16,981 | ||||||
Banco Santander Brasil SA | 1,188 | 5,230 | ||||||
BB Seguridade Participacoes SA | 1,188 | 12,192 | ||||||
BM&FBovespa SA | 3,555 | 12,413 | ||||||
BRF SA | 1,188 | 23,529 | ||||||
CCR SA | 3,555 | 18,130 | ||||||
Cia Energetica de Minas Gerais Preference Shares | 5,931 | 23,790 | ||||||
Cielo SA | 1,188 | 16,983 | ||||||
Companhia Energetica de Sao Paulo Preference Shares (Class B) | 4,743 | 35,111 | ||||||
Companhia Paranaense de Energia Preference Shares | 1,188 | 12,508 | ||||||
Cosan SA Industria e Comercio | 4,743 | 41,389 | ||||||
CPFL Energia SA | 5,931 | 37,968 | ||||||
Cyrela Brazil Realty SA | 1,188 | 4,925 | ||||||
EcoRodovias Infraestrutura e Logistica SA | 1,188 | 3,342 | ||||||
EDP — Energias do Brasil SA | 5,931 | 19,206 | ||||||
Embraer SA | 1,188 | 9,125 | ||||||
Estacio Participacoes SA | 1,188 | 6,891 | ||||||
Investimentos Itau SA Preference Shares | 3,555 | 11,101 | ||||||
Itau Unibanco Holding SA Preference Share | 5,931 | 65,525 | ||||||
Itausa — Investimentos Itau SA (b) | 26 | 81 | ||||||
Klabin SA | 1,212 | 6,902 | ||||||
Kroton Educacional SA | 3,555 | 11,445 | ||||||
Souza Cruz SA | 1,188 | 9,441 | ||||||
Telefonica Brasil SA Preference Shares | 1,188 | 18,392 | ||||||
Tim Participacoes SA | 1,483 | 4,937 | ||||||
Ultrapar Participacoes SA | 10,677 | 216,573 | ||||||
Vale SA | 1,188 | 6,668 | ||||||
Vale SA Preference Shares | 8,301 | 40,127 | ||||||
Weg SA | 1,188 | 11,820 | ||||||
871,130 | ||||||||
BRITISH VIRGIN ISLANDS — 0.0% (a) | ||||||||
Michael Kors Holdings, Ltd. | 519 | 34,124 | ||||||
CANADA — 3.5% | ||||||||
Agnico-Eagle Mines, Ltd. | 1,188 | 33,009 | ||||||
Alimentation Couche-Tard, Inc. (Class B) | 1,188 | 47,342 | ||||||
AltaGas, Ltd. | 2,368 | 79,014 | ||||||
ARC Resources, Ltd. | 9,482 | 162,912 |
See accompanying notes to financial statements.
253
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Bank of Montreal | 1,188 | $ | 71,196 | |||||
Bank of Nova Scotia | 2,368 | 118,802 | ||||||
Baytex Energy Corp. | 1,188 | 18,789 | ||||||
BCE, Inc. | 588 | 24,894 | ||||||
BlackBerry, Ltd. | 732 | 6,525 | ||||||
Bombardier, Inc. (Class B) | 2,368 | 4,674 | ||||||
Brookfield Asset Management, Inc. (Class A) | 1,188 | 63,541 | ||||||
Cameco Corp. | 4,742 | 66,085 | ||||||
Canadian Imperial Bank of Commerce | 588 | 42,629 | ||||||
Canadian National Railway Co. | 1,632 | 109,298 | ||||||
Canadian Pacific Railway, Ltd. | 324 | 59,325 | ||||||
Catamaran Corp. | 228 | 13,574 | ||||||
Crescent Point Energy Corp. | 3,555 | 79,268 | ||||||
Eldorado Gold Corp. | 3,555 | 16,308 | ||||||
Enbridge, Inc. | 8,294 | 399,802 | ||||||
First Quantum Minerals, Ltd. | 5,927 | 71,835 | ||||||
Franco-Nevada Corp. | 1,188 | 57,576 | ||||||
Goldcorp, Inc. | 4,742 | 85,817 | ||||||
Inter Pipeline, Ltd. | 5,224 | 134,632 | ||||||
Keyera Corp. | 732 | 48,694 | ||||||
Loblaw Cos., Ltd. | 396 | 19,361 | ||||||
Magna International, Inc. | 552 | 29,511 | ||||||
Manulife Financial Corp. | 3,555 | 60,377 | ||||||
New Gold, Inc. | 3,555 | 11,930 | ||||||
Paramount Resources, Ltd. (Class A) | 2,368 | 58,335 | ||||||
Pembina Pipeline Corp. | 3,555 | 112,334 | ||||||
PrairieSky Royalty, Ltd. | 2,547 | 60,090 | ||||||
Restaurant Brands International, Inc. | 151 | 5,790 | ||||||
Rogers Communications, Inc. (Class B) | 1,188 | 39,772 | ||||||
Royal Bank of Canada | 3,131 | 188,478 | ||||||
Silver Wheaton Corp. | 2,368 | 44,985 | ||||||
Sun Life Financial, Inc. | 1,188 | 36,611 | ||||||
Toronto-Dominion Bank | 3,959 | 169,457 | ||||||
Tourmaline Oil Corp. | 900 | 27,238 | ||||||
TransCanada Corp. | 4,742 | 202,785 | ||||||
Valeant Pharmaceuticals International, Inc. | 744 | 146,985 | ||||||
Vermilion Energy, Inc. | 2,368 | 99,563 | ||||||
Yamana Gold, Inc. | 4,742 | 16,999 | ||||||
3,146,142 | ||||||||
CHILE — 0.2% | ||||||||
Aguas Andinas SA Class A | 112,426 | 65,908 | ||||||
Banco de Chile | 121,648 | 13,658 | ||||||
Banco Santander Chile | 202,278 | 11,026 | ||||||
Cencosud SA | 3,771 | 8,951 | ||||||
Cia Cervecerias Unidas SA | 567 | 5,902 | ||||||
ENTEL Chile SA | 591 | 6,118 | ||||||
SACI Falabella | 3,099 | 23,748 | ||||||
Sociedad Quimica y Minera de Chile SA Preference Shares | 372 | 6,767 | ||||||
142,078 | ||||||||
CHINA — 1.7% | ||||||||
Agricultural Bank of China, Ltd. (Class H) | 108,000 | 53,491 | ||||||
Bank of China, Ltd. (Class H) | 288,000 | 166,417 | ||||||
Bank of Communications Co., Ltd. (Class H) | 48,000 | 41,171 | ||||||
China Cinda Asset Management Co., Ltd. (Class H) | 12,000 | 5,944 | ||||||
China CITIC Bank Corp., Ltd. (Class H) | 48,000 | 36,156 | ||||||
China Communications Construction Co., Ltd. (Class H) | 12,000 | 16,902 | ||||||
China Construction Bank Corp. (Class H) | 240,000 | 199,354 | ||||||
China Everbright Bank Co., Ltd. (Class H) | 12,000 | 6,609 | ||||||
China Life Insurance Co., Ltd. (Class H) | 24,000 | 105,094 | ||||||
China Longyuan Power Group Corp. (Class H) | 36,000 | 39,143 | ||||||
China Merchants Bank Co., Ltd. (Class H) | 18,000 | 43,972 | ||||||
China Minsheng Banking Corp., Ltd. (Class H) | 24,000 | 29,315 | ||||||
China Oilfield Services, Ltd. (Class H) | 24,000 | 39,933 | ||||||
China Pacific Insurance Group Co., Ltd. (Class H) | 4,800 | 22,845 | ||||||
China Telecom Corp., Ltd. (Class H) | 48,000 | 30,770 | ||||||
Chongqing Changan Automobile Co., Ltd. (Class B) (b) | 2,400 | 6,553 | ||||||
Chongqing Rural Commercial Bank Co., Ltd. (Class H) | 12,000 | 7,785 | ||||||
CITIC Securities Co., Ltd. (Class H) | 6,000 | 22,249 | ||||||
Country Garden Holdings Co., Ltd. | 12,000 | 4,845 | ||||||
Great Wall Motor Co., Ltd. (Class H) | 6,000 | 42,409 | ||||||
Haitong Securities Co., Ltd. (Class H) | 4,800 | 11,689 | ||||||
Industrial & Commercial Bank of China, Ltd. (Class H) | 240,000 | 177,066 | ||||||
Jiangsu Expressway Co., Ltd. (Class H) | 24,000 | 32,256 | ||||||
Ping An Insurance Group Co. of China, Ltd. (Class H) | 6,000 | 72,126 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. (Class H) | 2,400 | 6,377 | ||||||
Sinopec Engineering Group Co., Ltd. (Class H) | 6,000 | 5,201 | ||||||
Sinopharm Group Co., Ltd. (Class H) | 4,800 | 19,595 | ||||||
Tencent Holdings, Ltd. | 12,000 | 227,833 | ||||||
Want Want China Holdings, Ltd. | 12,000 | 12,738 | ||||||
Zhejiang Expressway Co., Ltd. (Class H) | 24,000 | 31,822 | ||||||
1,517,660 | ||||||||
COLOMBIA — 0.1% | ||||||||
Almacenes Exito SA | 1,503 | 14,465 | ||||||
Bancolombia SA Preference Shares | 936 | 9,152 | ||||||
Ecopetrol SA | 28,644 | 21,777 | ||||||
Isagen SA ESP | 24,657 | 28,950 | ||||||
74,344 | ||||||||
CZECH REPUBLIC — 0.0% (a) | ||||||||
Komercni Banka AS | 24 | 5,182 | ||||||
O2 Czech Republic AS | 624 | 4,988 | ||||||
10,170 | ||||||||
DENMARK — 0.6% | ||||||||
Carlsberg A/S (Class B) | 431 | 35,565 | ||||||
Coloplast A/S (Class B) | 264 | 19,963 | ||||||
Danske Bank A/S | 1,980 | 52,233 | ||||||
Novo Nordisk A/S (Class B) | 5,135 | 274,615 | ||||||
Novozymes A/S (Class B) | 1,271 | 58,105 | ||||||
Pandora A/S | 300 | 27,322 | ||||||
TDC A/S | 2,368 | 16,953 | ||||||
Vestas Wind Systems A/S | 624 | 25,826 |
See accompanying notes to financial statements.
254
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
William Demant Holding A/S | 96 | $ | 8,143 | |||||
518,725 | ||||||||
EGYPT — 0.0% (a) | ||||||||
Commercial International Bank Egypt SAE | 852 | 6,286 | ||||||
Global Telecom Holding SAE | 15,759 | 6,898 | ||||||
Telecom Egypt Co. | 7,638 | 11,192 | ||||||
24,376 | ||||||||
FINLAND — 0.3% | ||||||||
Elisa Oyj | 600 | 15,079 | ||||||
Kone Oyj (Class B) | 1,503 | 66,635 | ||||||
Metso Oyj | 396 | 11,556 | ||||||
Nokia Oyj | 9,566 | 73,047 | ||||||
Nokian Renkaat Oyj | 348 | 10,409 | ||||||
Orion Oyj (Class B) | 288 | 8,132 | ||||||
Sampo Oyj (Class A) | 1,716 | 86,657 | ||||||
Wartsila Oyj Abp | 780 | 34,531 | ||||||
306,046 | ||||||||
FRANCE — 3.1% | ||||||||
Aeroports de Paris | 252 | 30,123 | ||||||
Alcatel-Lucent | 3,399 | 12,850 | ||||||
Alstom SA | 636 | 19,624 | ||||||
AtoS | 228 | 15,738 | ||||||
AXA SA | 6,482 | 163,286 | ||||||
BNP Paribas SA | 3,119 | 189,498 | ||||||
Bollore SA | 5,945 | 31,650 | ||||||
Bureau Veritas SA | 612 | 13,139 | ||||||
Cap Gemini SA | 372 | 30,512 | ||||||
Carrefour SA | 852 | 28,449 | ||||||
Christian Dior SE | 240 | 45,301 | ||||||
CNP Assurances | 1,800 | 31,530 | ||||||
Credit Agricole SA | 3,696 | 54,283 | ||||||
Danone SA | 1,644 | 110,565 | ||||||
Dassault Systemes | 204 | 13,834 | ||||||
Edenred | 519 | 12,940 | ||||||
Essilor International SA | 519 | 59,531 | ||||||
Eutelsat Communications SA | 252 | 8,345 | ||||||
Fonciere Des Regions (c) | 168 | 16,630 | ||||||
Fonciere Des Regions (c) | 10 | 964 | ||||||
Gecina SA | 120 | 16,220 | ||||||
Groupe Eurotunnel SE | 1,152 | 16,505 | ||||||
ICADE | 252 | 22,751 | ||||||
Iliad SA | 48 | 11,202 | ||||||
Kering | 252 | 49,204 | ||||||
Klepierre | 623 | 30,585 | ||||||
L’Oreal SA | 792 | 145,752 | ||||||
Lagardere SCA | 240 | 7,202 | ||||||
Legrand SA | 960 | 51,903 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 804 | 141,743 | ||||||
Natixis SA | 1,872 | 13,995 | ||||||
Orange SA | 5,063 | 81,375 | ||||||
Pernod Ricard SA | 840 | 99,373 | ||||||
Peugeot SA | 768 | 12,859 | ||||||
Publicis Groupe SA | 624 | 48,139 | ||||||
Remy Cointreau SA | 108 | 7,945 | ||||||
Renault SA | 648 | 58,996 | ||||||
Rexel SA | 1,584 | 29,882 | ||||||
Safran SA | 984 | 68,693 | ||||||
Sanofi | 3,023 | 298,469 | ||||||
Schneider Electric SE | 1,848 | 143,597 | ||||||
SCOR SE | 1,056 | 35,629 | ||||||
Societe BIC SA | 72 | 10,246 | ||||||
Societe Generale SA | 2,356 | 113,790 | ||||||
Sodexo SA | 396 | 38,613 | ||||||
Technip SA | 744 | 45,043 | ||||||
Thales SA | 696 | 38,646 | ||||||
Unibail-Rodamco SE | 276 | 74,417 | ||||||
Valeo SA | 72 | 10,752 | ||||||
Vinci SA | 1,443 | 82,495 | ||||||
Vivendi SA (d) | 3,543 | 87,995 | ||||||
Zodiac Aerospace | 780 | 25,827 | ||||||
2,808,635 | ||||||||
GERMANY — 3.4% | ||||||||
adidas AG | 648 | 51,285 | ||||||
Allianz SE | 1,443 | 250,832 | ||||||
BASF SE | 1,563 | 155,360 | ||||||
Bayer AG | 1,872 | 281,373 | ||||||
Bayerische Motoren Werke AG | 996 | 124,567 | ||||||
Bayerische Motoren Werke AG Preference Shares | 576 | 53,331 | ||||||
Beiersdorf AG | 372 | 32,322 | ||||||
Brenntag AG | 600 | 35,932 | ||||||
Commerzbank AG | 2,463 | 33,992 | ||||||
Continental AG | 192 | 45,428 | ||||||
Daimler AG | 2,868 | 276,389 | ||||||
Deutsche Bank AG | 4,311 | 149,827 | ||||||
Deutsche Boerse AG | 495 | 40,436 | ||||||
Deutsche Post AG | 1,812 | 56,621 | ||||||
Deutsche Telekom AG | 7,598 | 139,132 | ||||||
Deutsche Wohnen AG | 780 | 19,971 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 336 | 20,089 | ||||||
Fresenius Medical Care AG & Co. KGaA | 443 | 36,854 | ||||||
Fresenius SE & Co. KGaA | 648 | 38,688 | ||||||
GEA Group AG | 420 | 20,317 | ||||||
Hannover Rueck SE | 431 | 44,530 | ||||||
Henkel AG & Co. KGaA | 396 | 40,906 | ||||||
Henkel AG & Co. KGaA Preference Shares | 507 | 59,652 | ||||||
Hugo Boss AG | 84 | 10,217 | ||||||
Infineon Technologies AG | 3,983 | 47,611 | ||||||
MAN SE | 48 | 5,052 | ||||||
Merck KGaA | 360 | 40,423 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 660 | 142,300 | ||||||
Porsche Automobil Holding SE Preference Shares | 912 | 89,594 | ||||||
ProSiebenSat.1 Media AG | 455 | 22,335 | ||||||
SAP SE | 2,475 | 179,505 | ||||||
Siemens AG | 2,356 | 254,805 | ||||||
Symrise AG | 840 | 53,083 | ||||||
Telefonica Deutschland Holding AG | 3,251 | 18,771 | ||||||
Volkswagen AG | 48 | 12,375 | ||||||
Volkswagen AG Preference Shares | 564 | 150,132 | ||||||
3,034,037 | ||||||||
See accompanying notes to financial statements.
255
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
GREECE — 0.0% (a) | ||||||||
Eurobank Ergasias SA | 19,974 | $ | 2,252 | |||||
FF Group | 192 | 5,720 | ||||||
Hellenic Telecommunications Organization SA | 555 | 4,918 | ||||||
JUMBO SA | 495 | 5,146 | ||||||
National Bank of Greece SA | 3,579 | 4,228 | ||||||
OPAP SA | 531 | 4,979 | ||||||
Piraeus Bank SA | 4,566 | 1,761 | ||||||
29,004 | ||||||||
HONG KONG — 2.1% | ||||||||
AIA Group, Ltd. | 24,000 | 151,063 | ||||||
Beijing Capital International Airport Co., Ltd. | 24,000 | 23,402 | ||||||
Beijing Enterprises Water Group, Ltd. | 48,000 | 32,689 | ||||||
Belle International Holdings, Ltd. | 12,000 | 13,976 | ||||||
BOC Hong Kong Holdings, Ltd. | 6,000 | 21,398 | ||||||
Cheung Kong Infrastructure Holdings, Ltd. | 12,000 | 103,159 | ||||||
China Mobile, Ltd. | 18,000 | 234,953 | ||||||
China Overseas Land & Investment, Ltd. | 24,000 | 77,544 | ||||||
China South City Holdings, Ltd. | 24,000 | 7,863 | ||||||
China Unicom (Hong Kong), Ltd. | 24,000 | 36,528 | ||||||
CITIC, Ltd. | 12,000 | 20,554 | ||||||
CK Hutchison Holdings, Ltd. | 12,000 | 245,787 | ||||||
COSCO Pacific, Ltd. | 24,000 | 31,451 | ||||||
Franshion Properties China, Ltd. | 24,000 | 7,275 | ||||||
GCL Poly Energy Holdings, Ltd. | 24,000 | 6,346 | ||||||
Guangdong Investment, Ltd. | 48,000 | 62,902 | ||||||
Hanergy Thin Film Power Group, Ltd. | 24,000 | 21,607 | ||||||
Hang Lung Properties, Ltd. | 12,000 | 33,742 | ||||||
Hong Kong & China Gas Co., Ltd. | 60,000 | 138,836 | ||||||
Hong Kong Exchanges and Clearing, Ltd. | 2,400 | 58,815 | ||||||
Kunlun Energy Co., Ltd. | 48,000 | 46,619 | ||||||
Lenovo Group, Ltd. | 24,000 | 35,042 | ||||||
Li & Fung, Ltd. | 24,000 | 23,433 | ||||||
Link REIT | 6,000 | 36,992 | ||||||
MTR Corp., Ltd. | 12,000 | 57,113 | ||||||
New World Development Co., Ltd. | 24,000 | 27,829 | ||||||
Sands China, Ltd. | 4,800 | 19,873 | ||||||
Shimao Property Holdings, Ltd. | 6,000 | 12,614 | ||||||
Sun Art Retail Group, Ltd. | 6,000 | 5,224 | ||||||
Sun Hung Kai Properties, Ltd. | 12,000 | 185,114 | ||||||
Swire Properties, Ltd. | 4,800 | 15,633 | ||||||
Wharf Holdings, Ltd. | 12,000 | 83,812 | ||||||
Wynn Macau, Ltd. | 4,800 | 10,389 | ||||||
Yuexiu Property Co., Ltd. | 48,000 | 9,410 | ||||||
1,898,987 | ||||||||
INDIA — 0.8% | ||||||||
Dr. Reddy’s Laboratories, Ltd. ADR | 1,188 | 67,835 | ||||||
ICICI Bank, Ltd. ADR | 5,930 | 61,435 | ||||||
Infosys, Ltd. ADR | 7,110 | 249,419 | ||||||
Larsen & Toubro, Ltd. GDR | 2,999 | 83,672 | ||||||
Mahindra & Mahindra, Ltd. GDR | 2,391 | 45,788 | ||||||
State Bank of India GDR | 1,212 | 51,267 | ||||||
Tata Motors, Ltd. ADR | 2,368 | 106,702 | ||||||
Wipro, Ltd. ADR | 4,742 | 63,163 | ||||||
729,281 | ||||||||
INDONESIA — 0.3% | ||||||||
Astra International Tbk PT | 64,800 | 42,498 | ||||||
Bank Central Asia Tbk PT | 18,000 | 20,409 | ||||||
Bank Mandiri Persero Tbk PT | 24,000 | 22,899 | ||||||
Bank Negara Indonesia Persero Tbk PT | 12,000 | 6,631 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 24,000 | 24,367 | ||||||
Bumi Serpong Damai Tbk PT | 47,200 | 7,707 | ||||||
Charoen Pokphand Indonesia Tbk PT | 18,000 | 4,880 | ||||||
Jasa Marga Persero Tbk PT | 24,000 | 13,216 | ||||||
Perusahaan Gas Negara Persero Tbk PT | 124,800 | 45,816 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 144,000 | 31,829 | ||||||
Unilever Indonesia Tbk PT | 6,000 | 18,195 | ||||||
United Tractors Tbk PT | 6,000 | 10,004 | ||||||
248,451 | ||||||||
IRELAND — 1.3% | ||||||||
Accenture PLC (Class A) | 1,716 | 160,772 | ||||||
Actavis PLC | 937 | 278,922 | ||||||
Bank of Ireland | 51,284 | 19,498 | ||||||
Eaton Corp. PLC | 1,575 | 107,006 | ||||||
Endo International PLC | 384 | 34,445 | ||||||
Jazz Pharmaceuticals PLC | 144 | 24,882 | ||||||
Kerry Group PLC (Class A) | 348 | 23,360 | ||||||
Mallinckrodt PLC | 276 | 34,955 | ||||||
Medtronic PLC | 3,909 | 304,863 | ||||||
Pentair PLC | 348 | 21,886 | ||||||
Perrigo Co. PLC | 348 | 57,611 | ||||||
Seagate Technology PLC | 672 | 34,964 | ||||||
Tyco International PLC | 1,188 | 51,155 | ||||||
1,154,319 | ||||||||
ISRAEL — 0.2% | ||||||||
Bank Hapoalim BM | 3,363 | 16,203 | ||||||
Bank Leumi Le-Israel BM | 5,171 | 19,206 | ||||||
Bezeq The Israeli Telecommunication Corp., Ltd. | 3,767 | 7,029 | ||||||
Teva Pharmaceutical Industries, Ltd. | 2,195 | 137,770 | ||||||
180,208 | ||||||||
ITALY — 0.7% | ||||||||
Assicurazioni Generali SpA | 3,744 | 73,626 | ||||||
Atlantia SpA | 2,523 | 66,252 | ||||||
Banca Monte dei Paschi di Siena SpA | 8,534 | 5,664 | ||||||
Banco Popolare SC | 672 | 10,508 | ||||||
Enel Green Power SpA | 41,147 | 76,850 | ||||||
Intesa Sanpaolo SpA (c) | 18,473 | 62,814 | ||||||
Intesa Sanpaolo SpA (c) | 12,601 | 39,220 | ||||||
Luxottica Group SpA | 420 | 26,659 | ||||||
Mediobanca SpA | 1,740 | 16,697 | ||||||
Saipem SpA | 876 | 8,933 | ||||||
Snam SpA | 17,307 | 84,017 | ||||||
Telecom Italia SpA (c) | 8,762 | 10,276 | ||||||
Telecom Italia SpA | 37,771 | 35,495 | ||||||
Terna Rete Elettrica Nazionale SpA | 6,911 | 30,432 | ||||||
UBI Banca SCpA | 1,128 | 8,826 | ||||||
UniCredit SpA | 10,525 | 71,553 | ||||||
UnipolSai SpA | 3,687 | 10,739 | ||||||
638,561 | ||||||||
JAPAN — 7.1% | ||||||||
Alfresa Holdings Corp. | 1,200 | 16,961 |
See accompanying notes to financial statements.
256
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Amada Co., Ltd. | 1,200 | $ | 11,577 | |||||
Asahi Group Holdings, Ltd. | 1,200 | 38,159 | ||||||
Astellas Pharma, Inc. | 6,000 | 98,437 | ||||||
Brother Industries, Ltd. | 1,200 | 19,142 | ||||||
Canon, Inc. | 3,600 | 127,520 | ||||||
Central Japan Railway Co. | 1,200 | 217,586 | ||||||
Chugai Pharmaceutical Co., Ltd. | 1,200 | 37,874 | ||||||
Dai-ichi Life Insurance Co., Ltd. | 2,400 | 34,932 | ||||||
Daiichi Sankyo Co., Ltd. | 1,200 | 19,082 | ||||||
Daikin Industries, Ltd. | 1,200 | 80,510 | ||||||
Daiwa House Industry Co., Ltd. | 2,400 | 47,450 | ||||||
Daiwa Securities Group, Inc. | 12,000 | 94,659 | ||||||
Denso Corp. | 1,200 | 54,864 | ||||||
Dentsu, Inc. | 1,200 | 51,532 | ||||||
East Japan Railway Co. | 1,200 | 96,460 | ||||||
FANUC Corp. | 1,200 | 262,664 | ||||||
Fuji Heavy Industries, Ltd. | 2,400 | 79,870 | ||||||
FUJIFILM Holdings Corp. | 1,200 | 42,792 | ||||||
GungHo Online Entertainment, Inc. | 1,200 | 4,703 | ||||||
Hino Motors, Ltd. | 1,200 | 17,161 | ||||||
Hitachi Chemical Co., Ltd. | 1,200 | 25,736 | ||||||
Hitachi Construction Machinery Co., Ltd. | 1,200 | 21,033 | ||||||
Hitachi, Ltd. | 12,000 | 82,371 | ||||||
Honda Motor Co., Ltd. | 4,800 | 156,218 | ||||||
Hoya Corp. | 1,200 | 48,205 | ||||||
Isuzu Motors, Ltd. | 1,200 | 15,985 | ||||||
ITOCHU Corp. | 9,600 | 104,185 | ||||||
Japan Tobacco, Inc. | 3,600 | 114,086 | ||||||
JTEKT Corp. | 1,200 | 18,772 | ||||||
Kao Corp. | 1,200 | 60,038 | ||||||
KDDI Corp. | 3,600 | 81,666 | ||||||
Kirin Holdings Co., Ltd. | 1,200 | 15,780 | ||||||
Komatsu, Ltd. | 3,600 | 70,919 | ||||||
Kyocera Corp. | 1,200 | 65,961 | ||||||
Marubeni Corp. | 15,600 | 90,537 | ||||||
Mazda Motor Corp. | 1,200 | 24,405 | ||||||
Medipal Holdings Corp. | 2,400 | 31,320 | ||||||
Mitsubishi Corp. | 6,000 | 121,101 | ||||||
Mitsubishi Electric Corp. | 12,000 | 142,939 | ||||||
Mitsubishi Heavy Industries, Ltd. | 12,000 | 66,271 | ||||||
Mitsubishi Motors Corp. | 1,200 | 10,857 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 40,800 | 253,016 | ||||||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 2,400 | 11,907 | ||||||
Mitsui & Co., Ltd. | 4,800 | 64,520 | ||||||
Mizuho Financial Group, Inc. | 81,600 | 143,638 | ||||||
MS&AD Insurance Group Holdings, Inc. | 2,400 | 67,442 | ||||||
NEC Corp. | 9,000 | 26,492 | ||||||
Nidec Corp. | 1,200 | 79,920 | ||||||
Nikon Corp. | 1,200 | 16,110 | ||||||
Nippon Telegraph & Telephone Corp. | 1,200 | 74,016 | ||||||
Nissan Motor Co., Ltd. | 7,200 | 73,486 | ||||||
Nitto Denko Corp. | 1,200 | 80,350 | ||||||
Nomura Holdings, Inc. | 12,000 | 70,664 | ||||||
NTT DoCoMo, Inc. | 6,000 | 104,340 | ||||||
Olympus Corp. | 1,200 | 44,678 | ||||||
ORIX Corp. | 4,800 | 67,582 | ||||||
Otsuka Holdings Co., Ltd. | 1,200 | 37,619 | ||||||
Panasonic Corp. | 4,800 | 63,119 | ||||||
Rakuten, Inc. | 2,400 | 42,397 | ||||||
Resona Holdings, Inc. | 8,400 | 41,788 | ||||||
Ricoh Co., Ltd. | 2,400 | 26,176 | ||||||
SBI Holdings, Inc. | 1,200 | 14,569 | ||||||
Secom Co., Ltd. | 1,200 | 80,300 | ||||||
Sekisui House, Ltd. | 2,400 | 34,932 | ||||||
Seven & i Holdings Co., Ltd. | 2,400 | 101,123 | ||||||
Shin-Etsu Chemical Co., Ltd. | 1,200 | 78,549 | ||||||
Shionogi & Co., Ltd. | 1,200 | 40,075 | ||||||
Shiseido Co., Ltd. | 1,200 | 21,343 | ||||||
Softbank Corp. | 2,400 | 139,687 | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 1,200 | 37,373 | ||||||
Sony Corp. | 2,400 | 63,840 | ||||||
Sumitomo Corp. | 8,400 | 90,041 | ||||||
Sumitomo Metal Mining Co., Ltd. | 12,000 | 175,960 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 3,600 | 138,131 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 12,000 | 49,581 | ||||||
Suzuki Motor Corp. | 1,200 | 36,148 | ||||||
T&D Holdings, Inc. | 2,400 | 33,111 | ||||||
Takeda Pharmaceutical Co., Ltd. | 2,400 | 120,055 | ||||||
Toho Gas Co., Ltd. | 12,000 | 70,144 | ||||||
Tokio Marine Holdings, Inc. | 2,400 | 90,827 | ||||||
Tokyo Gas Co., Ltd. | 12,000 | 75,667 | ||||||
Tokyu Corp. | 12,000 | 74,447 | ||||||
Tokyu Fudosan Holdings Corp. | 1,200 | 8,205 | ||||||
Toshiba Corp. | 12,000 | 50,452 | ||||||
Toyota Motor Corp. | 7,200 | 503,295 | ||||||
Toyota Tsusho Corp. | 1,200 | 31,870 | ||||||
Unicharm Corp. | 1,200 | 31,540 | ||||||
Yahoo! Japan Corp. | 3,600 | 14,889 | ||||||
Yamato Holdings Co., Ltd. | 1,200 | 27,737 | ||||||
6,445,471 | ||||||||
LUXEMBOURG — 0.1% | ||||||||
Altice SA | 132 | 14,297 | ||||||
RTL Group SA | 120 | 11,552 | ||||||
SES SA | 612 | 21,638 | ||||||
Subsea 7 SA | 3,935 | 33,861 | ||||||
Tenaris SA | 1,455 | 20,409 | ||||||
101,757 | ||||||||
MACAU — 0.0% (a) | ||||||||
MGM China Holdings, Ltd. | 4,800 | 9,039 | ||||||
MALAYSIA — 0.4% | ||||||||
Axiata Group Bhd | 6,000 | 11,470 | ||||||
Bumi Armada Bhd | 60,300 | 16,770 | ||||||
CIMB Group Holdings Bhd | 12,000 | 20,154 | ||||||
Gamuda Bhd | 9,600 | 13,220 | ||||||
Genting Bhd | 10,800 | 26,246 | ||||||
Genting Malaysia Bhd | 16,800 | 19,188 | ||||||
IJM Corp. Bhd | 7,200 | 13,998 | ||||||
IOI Properties Group Bhd | 8,750 | 5,151 | ||||||
Malayan Banking Bhd | 10,800 | 27,208 | ||||||
Petronas Chemicals Group Bhd | 13,200 | 20,102 | ||||||
Petronas Dagangan Bhd | 4,800 | 25,921 | ||||||
Petronas Gas Bhd | 12,000 | 74,589 | ||||||
PPB Group Bhd | 3,600 | 14,950 | ||||||
Public Bank Bhd | 3,600 | 18,352 | ||||||
SapuraKencana Petroleum Bhd | 47,300 | 30,141 | ||||||
337,460 | ||||||||
See accompanying notes to financial statements.
257
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
MEXICO — 0.5% | ||||||||
America Movil SAB de CV (Series L) | 85,329 | $ | 87,714 | |||||
Coca-Cola FEMSA SAB de CV (Series L) | 1,188 | 9,495 | ||||||
Fibra Uno Administracion SA de CV REIT | 5,003 | 13,271 | ||||||
Fomento Economico Mexicano SAB de CV | 4,742 | 44,546 | ||||||
Grupo Aeroportuario del Pacifico SAB de CV (Class B) | 1,188 | 7,798 | ||||||
Grupo Aeroportuario del Sureste SAB de CV (Class B) | 1,188 | 16,027 | ||||||
Grupo Financiero Banorte SAB de CV | 4,742 | 27,554 | ||||||
Grupo Financiero Santander Mexico SAB de CV (Class B) | 2,368 | 5,184 | ||||||
Grupo Mexico SAB de CV (Series B) | 41,482 | 122,668 | ||||||
Grupo Televisa SAB | 4,742 | 31,376 | ||||||
Mexichem SAB de CV | 1,188 | 3,107 | ||||||
Minera Frisco SAB de CV | 20,151 | 21,759 | ||||||
OHL Mexico SAB de CV | 10,334 | 19,679 | ||||||
Wal-Mart de Mexico SAB de CV | 16,589 | 41,499 | ||||||
451,677 | ||||||||
NETHERLANDS — 1.4% | ||||||||
Aegon NV | 8,366 | 66,031 | ||||||
Airbus Group NV | 1,692 | 109,832 | ||||||
ASML Holding NV | 924 | 94,067 | ||||||
Chicago Bridge & Iron Co. NV | 420 | 20,689 | ||||||
CNH Industrial NV | 2,415 | 19,764 | ||||||
Core Laboratories NV | 264 | 27,585 | ||||||
Delta Lloyd NV | 828 | 15,598 | ||||||
Gemalto NV | 168 | 13,383 | ||||||
Heineken NV | 660 | 50,349 | ||||||
ING Groep NV | 10,034 | 147,046 | ||||||
Koninklijke Ahold NV | 732 | 14,426 | ||||||
Koninklijke KPN NV | 7,694 | 26,104 | ||||||
Koninklijke Philips NV | 2,820 | 80,033 | ||||||
Koninklijke Vopak NV | 2,040 | 112,615 | ||||||
LyondellBasell Industries NV (Class A) | 495 | 43,461 | ||||||
Mylan NV | 1,188 | 70,508 | ||||||
Nielsen NV | 1,032 | 45,996 | ||||||
OCI NV | 204 | 6,319 | ||||||
QIAGEN NV | 348 | 8,772 | ||||||
Randstad Holding NV | 552 | 33,484 | ||||||
Reed Elsevier NV | 1,515 | 37,733 | ||||||
Sensata Technologies Holding NV | 519 | 29,817 | ||||||
Unilever NV | 4,265 | 178,254 | ||||||
Wolters Kluwer NV | 852 | 27,817 | ||||||
1,279,683 | ||||||||
NEW ZEALAND — 0.0% (a) | ||||||||
Auckland International Airport, Ltd. | 8,270 | 27,908 | ||||||
Spark New Zealand, Ltd. | 3,639 | 8,132 | ||||||
36,040 | ||||||||
NORWAY — 0.2% | ||||||||
DnB ASA | 3,119 | 50,196 | ||||||
Gjensidige Forsikring ASA | 336 | 5,804 | ||||||
Orkla ASA | 3,779 | 28,580 | ||||||
Seadrill, Ltd. | 1,992 | 18,711 | ||||||
Telenor ASA | 2,760 | 55,788 | ||||||
159,079 | ||||||||
PERU — 0.1% | ||||||||
Compania de Minas Buenaventura SA ADR | 1,188 | 12,034 | ||||||
Credicorp, Ltd. | 216 | 30,376 | ||||||
Southern Copper Corp. | 1,188 | 34,666 | ||||||
77,076 | ||||||||
PHILIPPINES — 0.1% | ||||||||
Aboitiz Power Corp. | 54,000 | 53,758 | ||||||
Energy Development Corp. | 45,500 | 8,652 | ||||||
International Container Terminal Services, Inc. | 2,400 | 5,799 | ||||||
JG Summit Holdings, Inc. | 4,720 | 7,655 | ||||||
Philippine Long Distance Telephone Co. | 300 | 19,168 | ||||||
SM Investments Corp. | 360 | 7,244 | ||||||
SM Prime Holdings, Inc. | 22,800 | 10,191 | ||||||
Universal Robina Corp. | 1,440 | 7,281 | ||||||
119,748 | ||||||||
POLAND — 0.2% | ||||||||
Bank Pekao SA | 420 | 20,360 | ||||||
Bank Zachodni WBK SA | 96 | 8,735 | ||||||
Cyfrowy Polsat SA (d) | 864 | 5,686 | ||||||
KGHM Polska Miedz SA | 1,283 | 40,607 | ||||||
mBank | 48 | 5,575 | ||||||
Orange Polska SA | 2,111 | 5,306 | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA | 3,131 | 28,077 | ||||||
Powszechny Zaklad Ubezpieczen SA | 204 | 26,310 | ||||||
140,656 | ||||||||
PORTUGAL — 0.0% (a) | ||||||||
Banco Comercial Portugues SA | 69,158 | 7,108 | ||||||
Galp Energia SGPS SA | 1,467 | 15,858 | ||||||
22,966 | ||||||||
QATAR — 0.1% | ||||||||
Barwa Real Estate Co. | 627 | 7,766 | ||||||
Commercial Bank of Qatar QSC | 435 | 6,571 | ||||||
Doha Bank QSC | 444 | 6,133 | ||||||
Industries Qatar QSC | 420 | 16,033 | ||||||
Ooredoo QSC | 444 | 12,157 | ||||||
Qatar National Bank SAQ | 473 | 25,136 | ||||||
73,796 | ||||||||
RUSSIA — 0.3% | ||||||||
Magnit PJSC GDR | 948 | 48,395 | ||||||
MegaFon OAO GDR | 1,200 | 19,200 | ||||||
Mobile Telesystems OJSC ADR | 3,555 | 35,906 | ||||||
Moscow Exchange MICEX-RTS OAO | 14,448 | 16,904 | ||||||
Rostelecom OJSC ADR | 948 | 7,499 | ||||||
RusHydro JSC ADR | 41,362 | 40,038 | ||||||
Sberbank of Russia ADR | 8,294 | 36,444 | ||||||
Sberbank Preference Shares | 11,858 | 9,237 | ||||||
Uralkali PJSC GDR | 1,307 | 17,448 | ||||||
VTB Bank OJSC GDR | 14,581 | 29,425 | ||||||
260,496 | ||||||||
SINGAPORE — 0.8% | ||||||||
Ascendas REIT | 12,000 | 22,658 | ||||||
Avago Technologies, Ltd. | 624 | 79,235 | ||||||
CapitaMall Trust | 12,000 | 19,246 |
See accompanying notes to financial statements.
258
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
DBS Group Holdings, Ltd. | 12,000 | $ | 178,115 | |||||
Genting Singapore PLC | 24,000 | 16,097 | ||||||
Global Logistic Properties, Ltd. | 12,000 | 23,183 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 12,000 | 92,469 | ||||||
Singapore Telecommunications, Ltd. | 36,000 | 114,952 | ||||||
UOL Group, Ltd. | 12,000 | 66,837 | ||||||
Wilmar International, Ltd. | 24,000 | 57,039 | ||||||
Yangzijiang Shipbuilding Holdings, Ltd. | 24,000 | 22,133 | ||||||
691,964 | ||||||||
SOUTH AFRICA — 0.8% | ||||||||
Aspen Pharmacare Holdings, Ltd. | 696 | 22,058 | ||||||
Barclays Africa Group, Ltd. | 780 | 11,910 | ||||||
Barloworld, Ltd. | 660 | 5,055 | ||||||
Bidvest Group, Ltd. | 696 | 18,880 | ||||||
Brait SE | 1,152 | 7,939 | ||||||
FirstRand, Ltd. | 12,337 | 56,857 | ||||||
Foschini Group, Ltd. | 648 | 9,657 | ||||||
Growthpoint Properties, Ltd. REIT | 13,108 | 31,017 | ||||||
Investec, Ltd. | 1,068 | 8,860 | ||||||
Kumba Iron Ore, Ltd. | 2,135 | 27,489 | ||||||
Liberty Holdings, Ltd. | 1,283 | 17,774 | ||||||
Mediclinic International, Ltd. | 696 | 7,008 | ||||||
Mr. Price Group, Ltd. | 288 | 6,180 | ||||||
MTN Group, Ltd. | 4,931 | 83,430 | ||||||
Naspers, Ltd. (Class N) | 984 | 151,869 | ||||||
Nedbank Group, Ltd. | 876 | 17,191 | ||||||
Redefine Properties, Ltd. | 15,064 | 15,417 | ||||||
Remgro, Ltd. | 264 | 5,791 | ||||||
RMB Holdings, Ltd. | 4,787 | 27,609 | ||||||
Sanlam, Ltd. | 3,923 | 25,375 | ||||||
Shoprite Holdings, Ltd. | 1,044 | 14,154 | ||||||
Spar Group, Ltd. | 455 | 7,086 | ||||||
Standard Bank Group, Ltd. | 4,751 | 65,876 | ||||||
Steinhoff International Holdings, Ltd. | 4,682 | 29,380 | ||||||
Telkom SA SOC, Ltd. | 1,044 | 6,824 | ||||||
Truworths International, Ltd. | 1,116 | 8,129 | ||||||
Vodacom Group, Ltd. | 1,704 | 18,661 | ||||||
Woolworths Holdings, Ltd. | 2,219 | 15,778 | ||||||
723,254 | ||||||||
SOUTH KOREA — 1.5% | ||||||||
AmorePacific Corp. | 12 | 36,288 | ||||||
AmorePacific Group | 12 | 16,224 | ||||||
BS Financial Group, Inc. | 360 | 4,932 | ||||||
Celltrion, Inc. | 189 | 11,908 | ||||||
Coway Co., Ltd. | 120 | 9,897 | ||||||
Daelim Industrial Co., Ltd. | 216 | 12,577 | ||||||
Daewoo Engineering & Construction Co., Ltd. | 948 | 6,776 | ||||||
Daewoo International Corp. | 240 | 5,743 | ||||||
Daewoo Securities Co., Ltd. | 591 | 6,899 | ||||||
Daum Kakao Corp. | 48 | 4,993 | ||||||
Dongbu Insurance Co., Ltd. | 120 | 5,349 | ||||||
Doosan Corp. | 60 | 6,300 | ||||||
E-Mart Co., Ltd. | 72 | 15,121 | ||||||
GS Engineering & Construction Corp. | 228 | 6,206 | ||||||
Hana Financial Group, Inc. | 948 | 24,566 | ||||||
Hanwha Life Insurance Co., Ltd. | 828 | 5,500 | ||||||
Hyundai Department Store Co., Ltd. | 96 | 12,893 | ||||||
Hyundai Development Co.-Engineering & Construction | 240 | 12,331 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 312 | 14,174 | ||||||
Hyundai Glovis Co., Ltd. | 36 | 7,333 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 240 | 5,365 | ||||||
Hyundai Mobis Co., Ltd. | 264 | 58,656 | ||||||
Hyundai Motor Co. | 444 | 67,433 | ||||||
Hyundai Motor Co. Preference Shares (c) | 144 | 14,797 | ||||||
Hyundai Motor Co. Preference Shares (c) | 144 | 14,407 | ||||||
Hyundai Wia Corp. | 36 | 4,592 | ||||||
Industrial Bank of Korea | 828 | 9,963 | ||||||
Kangwon Land, Inc. | 591 | 18,458 | ||||||
KB Financial Group, Inc. | 1,080 | 38,257 | ||||||
KEPCO Plant Service & Engineering Co., Ltd. | 72 | 6,334 | ||||||
Kia Motors Corp. | 888 | 36,178 | ||||||
Korea Aerospace Industries, Ltd. | 120 | 6,100 | ||||||
Korea Gas Corp. | 708 | 25,845 | ||||||
Korea Zinc Co., Ltd. | 72 | 27,516 | ||||||
KT&G Corp. | 495 | 39,575 | ||||||
LG Electronics, Inc. | 132 | 7,008 | ||||||
LG Household & Health Care, Ltd. | 24 | 18,193 | ||||||
Lotte Shopping Co., Ltd. | 24 | 5,138 | ||||||
NAVER Corp. | 72 | 43,546 | ||||||
NCSoft Corp. | 48 | 7,853 | ||||||
Orion Corp. | 12 | 12,525 | ||||||
Paradise Co., Ltd. | 240 | 5,246 | ||||||
S1 Corp. | 96 | 7,260 | ||||||
Samsung C&T Corp. | 519 | 27,787 | ||||||
Samsung Card Co., Ltd. | 144 | 5,328 | ||||||
Samsung Electronics Co., Ltd. | 276 | 358,480 | ||||||
Samsung Electronics Co., Ltd. Preference Share | 60 | 59,705 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 84 | 20,253 | ||||||
Samsung Heavy Industries Co., Ltd. | 360 | 5,857 | ||||||
Samsung Life Insurance Co., Ltd. | 180 | 15,689 | ||||||
Samsung SDI Co., Ltd. | 96 | 11,811 | ||||||
Samsung Securities Co., Ltd. | 168 | 7,874 | ||||||
Shinhan Financial Group Co., Ltd. | 1,188 | 44,920 | ||||||
SK C&C Co., Ltd. | 48 | 10,059 | ||||||
SK Hynix, Inc. | 1,308 | 53,702 | ||||||
SK Telecom Co., Ltd. | 60 | 14,737 | ||||||
Woori Bank | 1,308 | 11,059 | ||||||
1,353,516 | ||||||||
SPAIN — 1.2% | ||||||||
Abertis Infraestructuras SA | 3,071 | 55,526 | ||||||
Amadeus IT Holding SA (Class A) | 1,008 | 43,260 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 14,973 | 151,290 | ||||||
Banco de Sabadell SA | 6,770 | 16,570 | ||||||
Banco Popular Espanol SA | 3,891 | 19,048 | ||||||
Banco Santander SA | 33,757 | 254,401 | ||||||
Bankia SA | 9,966 | 13,893 | ||||||
CaixaBank SA | 4,463 | 21,163 | ||||||
Enagas SA | 2,267 | 64,838 | ||||||
Ferrovial SA | 648 | 13,780 | ||||||
Grifols SA | 168 | 7,214 |
See accompanying notes to financial statements.
259
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Inditex SA | 2,415 | $ | 77,500 | |||||
Mapfre SA | 10,813 | 39,473 | ||||||
Red Electrica Corp. SA | 1,056 | 85,900 | ||||||
Telefonica SA | 12,481 | 177,745 | ||||||
1,041,601 | ||||||||
SWEDEN — 1.2% | ||||||||
Alfa Laval AB | 948 | 18,632 | ||||||
Assa Abloy AB (Class B) | 624 | 37,191 | ||||||
Atlas Copco AB (Class A) | 972 | 31,479 | ||||||
Atlas Copco AB (Class B) | 2,279 | 67,360 | ||||||
Autoliv, Inc. | 192 | 22,612 | ||||||
Boliden AB | 7,954 | 158,083 | ||||||
Electrolux AB (Series B) | 228 | 6,535 | ||||||
Getinge AB (Class B) | 288 | 7,133 | ||||||
Hennes & Mauritz AB (Class B) | 2,231 | 90,414 | ||||||
Hexagon AB, (Class B) | 264 | 9,386 | ||||||
ICA Gruppen AB | 472 | 15,823 | ||||||
Industrivarden AB (Class C) | 420 | 7,885 | ||||||
Investor AB (Class B) | 1,455 | 57,987 | ||||||
Kinnevik Investment AB (Class B) | 552 | 18,440 | ||||||
Lundin Petroleum AB | 5,498 | 75,291 | ||||||
Nordea Bank AB | 7,043 | 85,995 | ||||||
Sandvik AB | 2,451 | 27,412 | ||||||
Skandinaviska Enskilda Banken AB (Class A) | 2,339 | 27,366 | ||||||
SKF AB (Class B) | 372 | 9,611 | ||||||
Svenska Handelsbanken AB (Class A) | 483 | 21,803 | ||||||
Swedbank AB (Class A) | 1,259 | 30,088 | ||||||
Swedish Match AB | 495 | 14,556 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 7,370 | 92,637 | ||||||
TeliaSonera AB | 8,282 | 52,627 | ||||||
Volvo AB (Class B) | 4,883 | 59,055 | ||||||
1,045,401 | ||||||||
SWITZERLAND — 3.6% | ||||||||
ABB, Ltd. | 5,654 | 120,089 | ||||||
ACE, Ltd. | 1,188 | 132,450 | ||||||
Actelion, Ltd. | 168 | 19,476 | ||||||
Adecco SA | 552 | 46,033 | ||||||
Baloise Holding AG | 48 | 6,360 | ||||||
Cie Financiere Richemont SA | 1,319 | 106,329 | ||||||
Credit Suisse Group AG | 4,288 | 115,577 | ||||||
EMS-Chemie Holding AG | 84 | 34,269 | ||||||
Geberit AG | 60 | 22,547 | ||||||
Givaudan SA | 60 | 108,844 | ||||||
Julius Baer Group, Ltd. | 348 | 17,470 | ||||||
Kuehne + Nagel International AG | 168 | 24,993 | ||||||
Nestle SA | 8,126 | 614,072 | ||||||
Novartis AG | 5,750 | 569,198 | ||||||
Roche Holding AG | 1,704 | 470,341 | ||||||
Schindler Holding AG | 84 | 13,993 | ||||||
Sika AG | 12 | 42,982 | ||||||
Sulzer AG | 48 | 5,288 | ||||||
Swatch Group AG (c) | 60 | 25,457 | ||||||
Swatch Group AG (c) | 288 | 24,166 | ||||||
Swiss Life Holding AG | 156 | 38,627 | ||||||
Swiss Re AG | 1,343 | 130,110 | ||||||
Swisscom AG | 36 | 20,922 | ||||||
Syngenta AG | 408 | 138,912 | ||||||
TE Connectivity, Ltd. | 1,176 | 84,225 | ||||||
UBS Group AG | 9,263 | 174,712 | ||||||
Zurich Insurance Group AG | 396 | 134,256 | ||||||
3,241,698 | ||||||||
TAIWAN — 1.1% | ||||||||
Advanced Semiconductor Engineering, Inc. | 12,000 | 16,203 | ||||||
Cathay Financial Holding Co., Ltd. | 24,000 | 38,351 | ||||||
China Development Financial Holding Corp. | 48,000 | 16,644 | ||||||
Chunghwa Telecom Co., Ltd. | 12,000 | 38,159 | ||||||
Compal Electronics, Inc. | 12,000 | 9,990 | ||||||
CTBC Financial Holding Co., Ltd. | 48,000 | 31,908 | ||||||
E.Sun Financial Holding Co., Ltd. | 12,000 | 7,344 | ||||||
Far Eastern New Century Corp. | 12,000 | 12,387 | ||||||
Far EasTone Telecommunications Co., Ltd. | 12,000 | 28,955 | ||||||
Farglory Land Development Co., Ltd. | 12,000 | 13,845 | ||||||
First Financial Holding Co., Ltd | 24,000 | 14,267 | ||||||
Formosa Petrochemical Corp. | 60,000 | 131,352 | ||||||
Formosa Plastics Corp. | 12,000 | 29,108 | ||||||
Fubon Financial Holding Co., Ltd. | 24,000 | 43,106 | ||||||
Hon Hai Precision Industry Co., Ltd. | 24,000 | 70,259 | ||||||
Inotera Memories, Inc. | 12,000 | 16,012 | ||||||
Inventec Corp. | 12,000 | 8,687 | ||||||
Mega Financial Holding Co., Ltd. | 36,000 | 29,856 | ||||||
Pou Chen Corp. | 12,000 | 16,798 | ||||||
Quanta Computer, Inc. | 12,000 | 28,993 | ||||||
Ruentex Development Co., Ltd. | 12,000 | 18,409 | ||||||
Shin Kong Financial Holding Co., Ltd. | 36,000 | 10,228 | ||||||
SinoPac Financial Holdings Co., Ltd. | 24,000 | 10,010 | ||||||
Taishin Financial Holding Co., Ltd. | 24,000 | 10,201 | ||||||
Taiwan Mobile Co., Ltd. | 12,000 | 41,994 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 60,000 | 279,003 | ||||||
Teco Electric & Machinery Co., Ltd. | 12,000 | 11,429 | ||||||
Yuanta Financial Holding Co., Ltd. | 60,000 | 30,201 | ||||||
1,013,699 | ||||||||
THAILAND — 0.2% | ||||||||
Advanced Info Service PCL NVDR | 2,400 | 17,480 | ||||||
Airports of Thailand PCL NVDR | 2,400 | 20,652 | ||||||
Bangkok Bank PCL NVDR | 3,600 | 20,412 | ||||||
BTS Group Holdings PCL, NVDR | 22,800 | 6,411 | ||||||
CP ALL PCL, NVDR | 9,600 | 12,096 | ||||||
Energy Absolute PCL, NVDR | 54,000 | 41,902 | ||||||
Kasikornbank PCL NVDR | 4,800 | 33,780 | ||||||
Krung Thai Bank PCL, NVDR | 10,800 | 7,567 | ||||||
Siam Commercial Bank PCL, NVDR | 4,800 | 26,257 | ||||||
186,557 | ||||||||
TURKEY — 0.1% | ||||||||
Akbank TAS | 2,796 | 8,238 | ||||||
BIM Birlesik Magazalar AS | 264 | 4,687 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT | 14,533 | 16,512 | ||||||
KOC Holding AS | 6,875 | 31,376 | ||||||
TAV Havalimanlari Holding AS | 720 | 6,031 | ||||||
Turkcell Iletisim Hizmetleri AS | 3,287 | 16,900 | ||||||
Turkiye Garanti Bankasi AS | 3,555 | 11,679 | ||||||
Turkiye Halk Bankasi AS | 1,431 | 7,082 |
See accompanying notes to financial statements.
260
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SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Turkiye Is Bankasi (Class C) | 3,351 | $ | 7,576 | |||||
Turkiye Vakiflar Bankasi Tao (Class D) | 2,796 | 4,587 | ||||||
114,668 | ||||||||
UNITED ARAB EMIRATES — 0.0% (a) | ||||||||
Aldar Properties PJSC | 5,985 | 3,862 | ||||||
DP World, Ltd. | 594 | 12,830 | ||||||
Emaar Properties PJSC | 6,597 | 11,855 | ||||||
First Gulf Bank PJSC | 996 | 3,959 | ||||||
32,506 | ||||||||
UNITED KINGDOM — 7.2% | ||||||||
3i Group PLC | 7,298 | 52,263 | ||||||
Aberdeen Asset Management PLC | 2,904 | 19,813 | ||||||
Admiral Group PLC | 324 | 7,359 | ||||||
Aggreko PLC | 336 | 7,617 | ||||||
Amec Foster Wheeler PLC | 7,742 | 104,069 | ||||||
Antofagasta PLC | 13,876 | 150,887 | ||||||
Aon PLC | 612 | 58,825 | ||||||
ARM Holdings PLC | 3,579 | 58,709 | ||||||
Ashtead Group PLC | 1,728 | 27,807 | ||||||
Associated British Foods PLC | 720 | 30,120 | ||||||
AstraZeneca PLC | 3,292 | 226,096 | ||||||
Aviva PLC | 8,618 | 69,085 | ||||||
Babcock International Group PLC | 1,680 | 24,553 | ||||||
BAE Systems PLC | 11,329 | 88,042 | ||||||
Barclays PLC | 43,954 | 158,296 | ||||||
British American Tobacco PLC | 5,486 | 284,102 | ||||||
British Land Co. PLC | 3,328 | 41,129 | ||||||
BT Group PLC | 27,007 | 175,603 | ||||||
Bunzl PLC | 1,455 | 39,549 | ||||||
Burberry Group PLC | 1,319 | 33,933 | ||||||
Capita PLC | 2,183 | 36,166 | ||||||
Cobham PLC | 6,458 | 29,163 | ||||||
Compass Group PLC | 1,415 | 24,619 | ||||||
Croda International PLC | 1,008 | 40,986 | ||||||
Delphi Automotive PLC | 672 | 53,585 | ||||||
Diageo PLC | 7,790 | 215,037 | ||||||
Direct Line Insurance Group PLC | 3,947 | 18,691 | ||||||
Dixons Carphone PLC | 1,596 | 9,778 | ||||||
Ensco PLC (Class A) | 1,283 | 27,033 | ||||||
Experian PLC | 3,779 | 62,663 | ||||||
Fresnillo PLC | 1,848 | 18,723 | ||||||
Friends Life Group, Ltd. | 4,658 | 28,600 | ||||||
GlaxoSmithKline PLC | 12,613 | 289,473 | ||||||
Hammerson PLC | 4,151 | 40,978 | ||||||
Hargreaves Lansdown PLC | 396 | 6,772 | ||||||
HSBC Holdings PLC | 50,652 | 431,607 | ||||||
ICAP PLC | 1,479 | 11,571 | ||||||
IMI PLC | 1,420 | 26,877 | ||||||
Imperial Tobacco Group PLC | 3,227 | 141,942 | ||||||
Indivior PLC | 1,800 | 5,077 | ||||||
Inmarsat PLC | 672 | 9,233 | ||||||
Intertek Group PLC | 507 | 18,801 | ||||||
Intu Properties PLC | 4,811 | 24,854 | ||||||
Investec PLC | 1,680 | 13,991 | ||||||
ITV PLC | 10,830 | 40,659 | ||||||
J Sainsbury PLC | 1,716 | 6,603 | ||||||
Johnson Matthey PLC | 1,563 | 78,565 | ||||||
Kingfisher PLC | 7,610 | 42,997 | ||||||
Land Securities Group PLC | 2,595 | 48,269 | ||||||
Legal & General Group PLC | 16,756 | 69,300 | ||||||
Liberty Global PLC (Class A) | 876 | 45,088 | ||||||
Liberty Global PLC (Series C) | 1,044 | 52,002 | ||||||
Lloyds Banking Group PLC | 150,444 | 174,826 | ||||||
London Stock Exchange Group PLC | 612 | 22,340 | ||||||
Marks & Spencer Group PLC | 4,670 | 37,090 | ||||||
Meggitt PLC | 4,091 | 33,311 | ||||||
Melrose Industries PLC | 4,314 | 17,772 | ||||||
National Grid PLC | 11,761 | 150,970 | ||||||
Next PLC | 420 | 43,800 | ||||||
Old Mutual PLC | 12,089 | 39,858 | ||||||
Pearson PLC | 2,368 | 51,007 | ||||||
Persimmon PLC | 1,319 | 32,562 | ||||||
Petrofac, Ltd. | 2,640 | 37,349 | ||||||
Prudential PLC | 6,854 | 170,122 | ||||||
Randgold Resources, Ltd. | 816 | 56,849 | ||||||
Reckitt Benckiser Group PLC | 1,800 | 154,982 | ||||||
Reed Elsevier PLC | 3,675 | 63,230 | ||||||
Rolls-Royce Holdings PLC | 5,450 | 77,103 | ||||||
Royal Bank of Scotland Group PLC | 6,650 | 33,565 | ||||||
Royal Dutch Shell PLC (Class B) | 2,595 | 80,859 | ||||||
Royal Mail PLC | 1,872 | 12,183 | ||||||
RSA Insurance Group PLC | 2,040 | 12,746 | ||||||
SABMiller PLC | 2,832 | 148,825 | ||||||
Sage Group PLC | 2,892 | 20,036 | ||||||
Schroders PLC | 648 | 30,783 | ||||||
Segro PLC | 3,767 | 23,314 | ||||||
Severn Trent PLC | 2,832 | 86,563 | ||||||
Shire PLC | 1,491 | 118,748 | ||||||
Signet Jewelers, Ltd. | 180 | 24,982 | ||||||
Sky PLC | 3,483 | 51,343 | ||||||
Smith & Nephew PLC | 2,844 | 48,299 | ||||||
Smiths Group PLC | 1,848 | 30,671 | ||||||
Sports Direct International PLC | 936 | 8,462 | ||||||
Standard Chartered PLC | 6,875 | 111,602 | ||||||
Standard Life PLC | 4,761 | 33,614 | ||||||
Tesco PLC | 18,700 | 67,138 | ||||||
Travis Perkins PLC | 1,128 | 32,653 | ||||||
Unilever PLC | 3,555 | 148,559 | ||||||
United Utilities Group PLC | 7,790 | 107,895 | ||||||
Vodafone Group PLC | 72,795 | 238,228 | ||||||
Weir Group PLC | 912 | 23,029 | ||||||
Whitbread PLC | 624 | 48,586 | ||||||
William Hill PLC | 3,305 | 18,197 | ||||||
Wolseley PLC | 972 | 57,616 | ||||||
WPP PLC | 4,835 | 109,888 | ||||||
6,519,115 | ||||||||
UNITED STATES — 48.8% | ||||||||
3M Co. | 1,539 | 253,858 | ||||||
Abbott Laboratories | 4,127 | 191,204 | ||||||
AbbVie, Inc. | 3,995 | 233,867 | ||||||
Activision Blizzard, Inc. | 1,188 | 26,997 | ||||||
Adobe Systems, Inc. | 1,188 | 87,841 | ||||||
ADT Corp. | 588 | 24,414 | ||||||
Advance Auto Parts, Inc. | 156 | 23,352 | ||||||
Aetna, Inc. | 1,188 | 126,558 | ||||||
Affiliated Managers Group, Inc. | 132 | 28,351 | ||||||
Aflac, Inc. | 1,716 | 109,841 |
See accompanying notes to financial statements.
261
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Agilent Technologies, Inc. | 1,188 | $ | 49,361 | |||||
Akamai Technologies, Inc. | 384 | 27,281 | ||||||
Alexion Pharmaceuticals, Inc. | 455 | 78,852 | ||||||
Alleghany Corp. | 48 | 23,376 | ||||||
Alliance Data Systems Corp. | 120 | 35,550 | ||||||
Allstate Corp. | 1,188 | 84,550 | ||||||
Ally Financial, Inc. | 612 | 12,840 | ||||||
Altera Corp. | 1,188 | 50,977 | ||||||
Altria Group, Inc. | 5,927 | 296,469 | ||||||
Amazon.com, Inc. | 948 | 352,751 | ||||||
American Capital Agency Corp. | 1,188 | 25,340 | ||||||
American Express Co. | 2,571 | 200,847 | ||||||
American International Group, Inc. | 4,742 | 259,814 | ||||||
American Realty Capital Properties, Inc. | 2,356 | 23,207 | ||||||
American Tower Corp. | 924 | 86,995 | ||||||
American Water Works Co., Inc. | 2,736 | 148,319 | ||||||
Ameriprise Financial, Inc. | 576 | 75,364 | ||||||
AmerisourceBergen Corp. | 564 | 64,110 | ||||||
AMETEK, Inc. | 1,188 | 62,418 | ||||||
Amgen, Inc. | 1,884 | 301,157 | ||||||
Amphenol Corp. (Class A) | 467 | 27,520 | ||||||
Analog Devices, Inc. | 1,188 | 74,844 | ||||||
Annaly Capital Management, Inc. | 4,742 | 49,317 | ||||||
Antero Resources Corp. | 1,283 | 45,316 | ||||||
Anthem, Inc. | 840 | 129,704 | ||||||
Apple, Inc. | 14,224 | 1,769,892 | ||||||
Applied Materials, Inc. | 3,555 | 80,201 | ||||||
Arrow Electronics, Inc. | 372 | 22,748 | ||||||
Ashland, Inc. | 336 | 42,776 | ||||||
Assurant, Inc. | 443 | 27,205 | ||||||
AT&T, Inc. | 13,036 | 425,625 | ||||||
Autodesk, Inc. | 472 | 27,678 | ||||||
Automatic Data Processing, Inc. | 1,188 | 101,740 | ||||||
AutoZone, Inc. | 84 | 57,301 | ||||||
AvalonBay Communities, Inc. | 348 | 60,639 | ||||||
Avery Dennison Corp. | 540 | 28,571 | ||||||
Avnet, Inc. | 1,188 | 52,866 | ||||||
Avon Products, Inc. | 1,188 | 9,492 | ||||||
Axis Capital Holdings, Ltd. | 467 | 24,088 | ||||||
Baker Hughes, Inc. | 2,368 | 150,557 | ||||||
Bank of America Corp. | 26,071 | 401,233 | ||||||
Bank of New York Mellon Corp. | 3,555 | 143,053 | ||||||
Baxter International, Inc. | 1,431 | 98,024 | ||||||
BB&T Corp. | 1,752 | 68,310 | ||||||
BE Aerospace, Inc. | 360 | 22,903 | ||||||
Becton, Dickinson and Co. | 536 | 76,964 | ||||||
Bed Bath & Beyond, Inc. | 300 | 23,033 | ||||||
Berkshire Hathaway, Inc. (Class B) | 2,892 | 417,373 | ||||||
Best Buy Co., Inc. | 1,088 | 41,116 | ||||||
Biogen, Inc. | 576 | 243,210 | ||||||
BlackRock, Inc. | 408 | 149,263 | ||||||
Boeing Co. | 1,872 | 280,950 | ||||||
BorgWarner, Inc. | 483 | 29,212 | ||||||
Boston Properties, Inc. | 276 | 38,772 | ||||||
Boston Scientific Corp. | 3,555 | 63,101 | ||||||
Bristol-Myers Squibb Co. | 4,091 | 263,870 | ||||||
Broadcom Corp. (Class A) | 1,608 | 69,618 | ||||||
Brown-Forman Corp. (Class B) | 519 | 46,892 | ||||||
C.R. Bard, Inc. | 180 | 30,123 | ||||||
CA, Inc. | 2,168 | 70,698 | ||||||
Cameron International Corp. | 1,188 | 53,603 | ||||||
Campbell Soup Co. | 408 | 18,992 | ||||||
Capital One Financial Corp. | 1,932 | 152,280 | ||||||
Cardinal Health, Inc. | 1,088 | 98,214 | ||||||
CarMax, Inc. | 431 | 29,743 | ||||||
Caterpillar, Inc. | 1,680 | 134,450 | ||||||
CBRE Group, Inc. | 912 | 35,304 | ||||||
CBS Corp. (Class B) | 1,188 | 72,028 | ||||||
Celanese Corp. (Series A) | 1,188 | 66,362 | ||||||
Celgene Corp. | 1,944 | 224,104 | ||||||
CenturyLink, Inc. | 1,188 | 41,045 | ||||||
Cerner Corp. | 744 | 54,505 | ||||||
Charles Schwab Corp. | 2,955 | 89,950 | ||||||
Charter Communications, Inc. (Class A) | 132 | 25,491 | ||||||
Cheniere Energy, Inc. | 1,596 | 123,530 | ||||||
Chipotle Mexican Grill, Inc. | 72 | 46,839 | ||||||
Chubb Corp. | 720 | 72,792 | ||||||
Cigna Corp. | 792 | 102,516 | ||||||
Cimarex Energy Co. | 216 | 24,859 | ||||||
Cisco Systems, Inc. | 13,549 | 372,936 | ||||||
Citigroup, Inc. | 7,922 | 408,141 | ||||||
Citrix Systems, Inc. | 384 | 24,526 | ||||||
CME Group, Inc. | 828 | 78,420 | ||||||
Coach, Inc. | 702 | 29,084 | ||||||
Cobalt International Energy, Inc. | 9,482 | 89,226 | ||||||
Coca-Cola Co. | 10,669 | 432,628 | ||||||
Coca-Cola Enterprises, Inc. | 1,188 | 52,510 | ||||||
Cognizant Technology Solutions Corp. (Class A) | 1,563 | 97,516 | ||||||
Colgate-Palmolive Co. | 2,368 | 164,197 | ||||||
Comcast Corp. (Class A) | 5,295 | 299,009 | ||||||
Comcast Corp. (Class A) Special | 1,188 | 66,605 | ||||||
Computer Sciences Corp. | 384 | 25,068 | ||||||
Consolidated Edison, Inc. | 888 | 54,168 | ||||||
Constellation Brands, Inc. (Class A) | 624 | 72,515 | ||||||
Cooper Cos., Inc. | 120 | 22,490 | ||||||
Corning, Inc. | 3,555 | 80,627 | ||||||
Costco Wholesale Corp. | 1,379 | 208,912 | ||||||
Crown Castle International Corp. | 756 | 62,400 | ||||||
CSX Corp. | 1,188 | 39,347 | ||||||
Cummins, Inc. | 588 | 81,520 | ||||||
CVS Health Corp. | 3,555 | 366,912 | ||||||
D.R. Horton, Inc. | 1,188 | 33,834 | ||||||
Danaher Corp. | 2,028 | 172,177 | ||||||
DaVita HealthCare Partners, Inc. | 300 | 24,384 | ||||||
Deere & Co. | 1,188 | 104,176 | ||||||
DIRECTV | 1,271 | 108,162 | ||||||
Discover Financial Services | 1,188 | 66,944 | ||||||
Discovery Communications, Inc. (Series A) | 1,188 | 36,543 | ||||||
DISH Network Corp. (Class A) | 495 | 34,680 | ||||||
Dollar General Corp. | 660 | 49,751 | ||||||
Dollar Tree, Inc. | 288 | 23,370 | ||||||
Dover Corp. | 636 | 43,960 | ||||||
Dr. Pepper Snapple Group, Inc. | 552 | 43,321 | ||||||
E. I. du Pont de Nemours & Co. | 1,860 | 132,934 | ||||||
eBay, Inc. | 2,832 | 163,350 | ||||||
Ecolab, Inc. | 1,563 | 178,776 | ||||||
Edwards Lifesciences Corp. | 228 | 32,481 |
See accompanying notes to financial statements.
262
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Electronic Arts, Inc. | 672 | $ | 39,524 | |||||
Eli Lilly & Co. | 2,368 | 172,035 | ||||||
EMC Corp. | 5,927 | 151,494 | ||||||
Emerson Electric Co. | 2,368 | 134,076 | ||||||
EOG Resources, Inc. | 1,188 | 108,928 | ||||||
Equifax, Inc. | 431 | 40,083 | ||||||
Equinix, Inc. | 84 | 19,559 | ||||||
Equity Residential | 876 | 68,205 | ||||||
Estee Lauder Cos., Inc. (Class A) | 744 | 61,871 | ||||||
Everest Re Group, Ltd. | 276 | 48,024 | ||||||
Eversource Energy | 2,368 | 119,631 | ||||||
Expedia, Inc. | 252 | 23,721 | ||||||
Expeditors International of Washington, Inc. | 1,188 | 57,238 | ||||||
Express Scripts Holding Co. | 2,076 | 180,135 | ||||||
Exxon Mobil Corp. | 1,188 | 100,980 | ||||||
F5 Networks, Inc. | 156 | 17,931 | ||||||
Facebook, Inc. (Class A) | 4,751 | 390,603 | ||||||
Fastenal Co. | 1,188 | 49,225 | ||||||
Fidelity National Information Services, Inc. | 1,088 | 74,049 | ||||||
Fifth Third Bancorp | 2,368 | 44,637 | ||||||
Fiserv, Inc. | 588 | 46,687 | ||||||
FleetCor Technologies, Inc. | 156 | 23,544 | ||||||
Flowserve Corp. | 564 | 31,860 | ||||||
Fluor Corp. | 1,188 | 67,906 | ||||||
FMC Technologies, Inc. | 1,620 | 59,956 | ||||||
FNF Group | 300 | 11,028 | ||||||
Foot Locker, Inc. | 324 | 20,412 | ||||||
Ford Motor Co. | 8,294 | 133,865 | ||||||
Fossil Group, Inc. | 132 | 10,883 | ||||||
Franklin Resources, Inc. | 1,188 | 60,968 | ||||||
Freeport-McMoRan, Inc. | 3,555 | 67,367 | ||||||
Frontier Communications Corp. | 2,368 | 16,694 | ||||||
Gap, Inc. | 612 | 26,518 | ||||||
Garmin, Ltd. | 324 | 15,396 | ||||||
General Dynamics Corp. | 924 | 125,415 | ||||||
General Electric Co. | 27,257 | 676,246 | ||||||
General Growth Properties, Inc. | 1,188 | 35,105 | ||||||
General Mills, Inc. | 2,368 | 134,029 | ||||||
General Motors Co. | 2,368 | 88,800 | ||||||
Genworth Financial, Inc. (Class A) | 2,368 | 17,310 | ||||||
Gilead Sciences, Inc. | 3,555 | 348,852 | ||||||
Goldman Sachs Group, Inc. | 1,188 | 223,308 | ||||||
Google, Inc. (Class A) | 684 | 379,415 | ||||||
Google, Inc. (Class C) | 720 | 394,560 | ||||||
H&R Block, Inc. | 1,188 | 38,099 | ||||||
Halliburton Co. | 3,555 | 155,993 | ||||||
Hanesbrands, Inc. | 864 | 28,953 | ||||||
Harley-Davidson, Inc. | 540 | 32,800 | ||||||
Hartford Financial Services Group, Inc. | 1,968 | 82,302 | ||||||
HCA Holdings, Inc. | 564 | 42,430 | ||||||
HCP, Inc. | 1,188 | 51,333 | ||||||
Health Care REIT, Inc. | 792 | 61,269 | ||||||
Helmerich & Payne, Inc. | 552 | 37,575 | ||||||
Henry Schein, Inc. | 336 | 46,912 | ||||||
Hershey Co. | 528 | 53,280 | ||||||
Hertz Global Holdings, Inc. | 1,188 | 25,756 | ||||||
Hewlett-Packard Co. | 4,742 | 147,761 | ||||||
HollyFrontier Corp. | 588 | 23,679 | ||||||
Hologic, Inc. | 502 | 16,579 | ||||||
Home Depot, Inc. | 3,455 | 392,523 | ||||||
Honeywell International, Inc. | 1,644 | 171,486 | ||||||
Host Hotels & Resorts, Inc. | 1,188 | 23,974 | ||||||
Humana, Inc. | 443 | 78,863 | ||||||
Huntington Bancshares, Inc. | 1,188 | 13,127 | ||||||
IHS, Inc. (Class A) | 192 | 21,842 | ||||||
Illinois Tool Works, Inc. | 1,479 | 143,670 | ||||||
Illumina, Inc. | 324 | 60,147 | ||||||
Incyte Corp. | 252 | 23,098 | ||||||
Ingersoll-Rand PLC | 828 | 56,370 | ||||||
Intel Corp. | 13,036 | 407,636 | ||||||
Intercontinental Exchange, Inc. | 276 | 64,383 | ||||||
International Business Machines Corp. | 2,368 | 380,064 | ||||||
International Flavors & Fragrances, Inc. | 948 | 111,295 | ||||||
Interpublic Group of Cos., Inc. | 1,188 | 26,279 | ||||||
Intuit, Inc. | 612 | 59,340 | ||||||
Intuitive Surgical, Inc. | 84 | 42,423 | ||||||
Invesco, Ltd. | 1,188 | 47,152 | ||||||
Iron Mountain, Inc. | 156 | 5,691 | ||||||
J.M. Smucker Co. | 431 | 49,880 | ||||||
Jacobs Engineering Group, Inc. | 1,188 | 53,650 | ||||||
Johnson & Johnson | 7,107 | 714,964 | ||||||
Johnson Controls, Inc. | 1,188 | 59,923 | ||||||
Joy Global, Inc. | 408 | 15,985 | ||||||
JPMorgan Chase & Co. | 9,482 | 574,420 | ||||||
Juniper Networks, Inc. | 1,188 | 26,825 | ||||||
Kansas City Southern | 324 | 33,074 | ||||||
Kellogg Co. | 988 | 65,159 | ||||||
Keurig Green Mountain, Inc. | 312 | 34,860 | ||||||
KeyCorp | 2,368 | 33,531 | ||||||
Kimberly-Clark Corp. | 192 | 20,565 | ||||||
Kimco Realty Corp. | 1,188 | 31,898 | ||||||
Kinder Morgan, Inc. | 7,901 | 332,316 | ||||||
KLA-Tencor Corp. | 528 | 30,777 | ||||||
KLX, Inc. | 180 | 6,937 | ||||||
Kohl’s Corp. | 396 | 30,987 | ||||||
Kraft Foods Group, Inc. | 1,860 | 162,034 | ||||||
L Brands, Inc. | 552 | 52,048 | ||||||
L-3 Communications Holdings, Inc. | 300 | 37,737 | ||||||
Lam Research Corp. | 483 | 33,924 | ||||||
Las Vegas Sands Corp. | 1,188 | 65,388 | ||||||
Lennar Corp. (Class A) | 507 | 26,268 | ||||||
Level 3 Communications, Inc. | 300 | 16,152 | ||||||
Liberty Interactive Corp. (Class A) | 1,188 | 34,678 | ||||||
Liberty Media Corp. (Class A) | 472 | 18,196 | ||||||
Liberty Media Corp. (Class C) | 507 | 19,367 | ||||||
Lincoln National Corp. | 1,188 | 68,262 | ||||||
Linear Technology Corp. | 576 | 26,957 | ||||||
LinkedIn Corp. (Class A) | 240 | 59,966 | ||||||
LKQ Corp. | 534 | 13,649 | ||||||
Lockheed Martin Corp. | 768 | 155,873 | ||||||
Loews��Corp. | 1,188 | 48,506 | ||||||
Lorillard, Inc. | 1,188 | 77,636 | ||||||
Lowe’s Cos., Inc. | 2,368 | 176,156 | ||||||
M&T Bank Corp. | 216 | 27,432 | ||||||
Macy’s, Inc. | 804 | 52,188 | ||||||
ManpowerGroup, Inc. | 540 | 46,521 | ||||||
Marathon Petroleum Corp. | 756 | 77,407 |
See accompanying notes to financial statements.
263
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Marsh & McLennan Cos., Inc. | 853 | $ | 47,845 | |||||
Masco Corp. | 1,188 | 31,720 | ||||||
Mastercard, Inc. (Class A) | 2,368 | 204,572 | ||||||
Mattel, Inc. | 1,188 | 27,146 | ||||||
McCormick & Co., Inc. | 564 | 43,490 | ||||||
McDonald’s Corp. | 2,760 | 268,934 | ||||||
McGraw Hill Financial, Inc. | 588 | 60,799 | ||||||
McKesson Corp. | 624 | 141,149 | ||||||
Mead Johnson Nutrition Co. | 552 | 55,493 | ||||||
Merck & Co., Inc. | 7,107 | 408,510 | ||||||
MetLife, Inc. | 3,555 | 179,705 | ||||||
Micron Technology, Inc. | 2,368 | 64,244 | ||||||
Microsoft Corp. | 18,963 | 770,941 | ||||||
Molson Coors Brewing Co. (Class B) | 408 | 30,376 | ||||||
Mondelez International, Inc. (Class A) | 5,147 | 185,755 | ||||||
Monsanto Co. | 1,836 | 206,623 | ||||||
Monster Beverage Corp. | 384 | 53,144 | ||||||
Moody’s Corp. | 336 | 34,877 | ||||||
Morgan Stanley | 4,342 | 154,966 | ||||||
Mosaic Co. | 132 | 6,080 | ||||||
Motorola Solutions, Inc. | 483 | 32,202 | ||||||
NASDAQ OMX Group, Inc. | 431 | 21,955 | ||||||
National Oilwell Varco, Inc. | 2,368 | 118,376 | ||||||
NetApp, Inc. | 1,188 | 42,126 | ||||||
Netflix, Inc. | 132 | 55,003 | ||||||
News Corp. (Class A) | 1,224 | 19,596 | ||||||
NIKE, Inc. (Class B) | 1,824 | 183,002 | ||||||
Norfolk Southern Corp. | 495 | 50,945 | ||||||
Northern Trust Corp. | 600 | 41,790 | ||||||
Northrop Grumman Corp. | 744 | 119,754 | ||||||
Nuance Communications, Inc. | 1,188 | 17,048 | ||||||
NVIDIA Corp. | 2,368 | 49,550 | ||||||
O’Reilly Automotive, Inc. | 252 | 54,492 | ||||||
Oceaneering International, Inc. | 1,188 | 64,069 | ||||||
Omnicom Group, Inc. | 708 | 55,210 | ||||||
Oracle Corp. | 9,482 | 409,148 | ||||||
PACCAR, Inc. | 1,188 | 75,010 | ||||||
Pall Corp. | 396 | 39,754 | ||||||
Palo Alto Networks, Inc. | 96 | 14,024 | ||||||
Parker-Hannifin Corp. | 483 | 57,371 | ||||||
PartnerRe, Ltd. | 264 | 30,183 | ||||||
Paychex, Inc. | 612 | 30,364 | ||||||
Pepco Holdings, Inc. | 1,188 | 31,874 | ||||||
PepsiCo, Inc. | 4,055 | 387,739 | ||||||
Pfizer, Inc. | 16,589 | 577,131 | ||||||
PG&E Corp. | 2,368 | 125,670 | ||||||
Philip Morris International, Inc. | 4,359 | 328,363 | ||||||
Pioneer Natural Resources Co. | 216 | 35,318 | ||||||
PNC Financial Services Group, Inc. | 1,596 | 148,811 | ||||||
Polaris Industries, Inc. | 132 | 18,625 | ||||||
PPG Industries, Inc. | 168 | 37,891 | ||||||
Precision Castparts Corp. | 443 | 93,030 | ||||||
Priceline Group, Inc. | 132 | 153,668 | ||||||
Principal Financial Group, Inc. | 839 | 43,099 | ||||||
Procter & Gamble Co. | 7,107 | 582,348 | ||||||
Progressive Corp. | 1,188 | 32,314 | ||||||
ProLogis, Inc. | 1,431 | 62,334 | ||||||
Prudential Financial, Inc. | 1,608 | 129,138 | ||||||
Public Storage | 396 | 78,067 | ||||||
Pulte Group, Inc. | 1,188 | 26,409 | ||||||
PVH Corp. | 240 | 25,574 | ||||||
QUALCOMM, Inc. | 4,542 | 314,942 | ||||||
Quanta Services, Inc. | 1,188 | 33,894 | ||||||
Quest Diagnostics, Inc. | 360 | 27,666 | ||||||
Ralph Lauren Corp. | 204 | 26,826 | ||||||
Raymond James Financial, Inc. | 324 | 18,397 | ||||||
Raytheon Co. | 988 | 107,939 | ||||||
Realogy Holdings Corp. | 431 | 19,602 | ||||||
Realty Income Corp. | 455 | 23,478 | ||||||
Red Hat, Inc. | 336 | 25,452 | ||||||
Regeneron Pharmaceuticals, Inc. | 180 | 81,266 | ||||||
Regions Financial Corp. | 4,742 | 44,812 | ||||||
Reynolds American, Inc. | 1,188 | 81,865 | ||||||
Robert Half International, Inc. | 396 | 23,966 | ||||||
Rockwell Automation, Inc. | 588 | 68,202 | ||||||
Rockwell Collins, Inc. | 495 | 47,792 | ||||||
Roper Industries, Inc. | 348 | 59,856 | ||||||
Ross Stores, Inc. | 507 | 53,418 | ||||||
Salesforce.com, Inc. | 1,188 | 79,370 | ||||||
SanDisk Corp. | 624 | 39,699 | ||||||
SBA Communications Corp. (Class A) | 180 | 21,078 | ||||||
Schlumberger, Ltd. | 4,642 | 387,328 | ||||||
Sealed Air Corp. | 788 | 35,901 | ||||||
Sempra Energy | 888 | 96,810 | ||||||
ServiceNow, Inc. | 192 | 15,126 | ||||||
Sherwin-Williams Co. | 467 | 132,862 | ||||||
Sigma-Aldrich Corp. | 948 | 131,061 | ||||||
Simon Property Group, Inc. | 768 | 150,252 | ||||||
Sirius XM Holdings, Inc. | 5,123 | 19,570 | ||||||
Skyworks Solutions, Inc. | 455 | 44,722 | ||||||
SL Green Realty Corp. | 180 | 23,108 | ||||||
Snap-On, Inc. | 240 | 35,294 | ||||||
Spectra Energy Corp. | 5,927 | 214,380 | ||||||
Sprint Corp. | 1,307 | 6,195 | ||||||
St. Jude Medical, Inc. | 1,088 | 71,155 | ||||||
Stanley Black & Decker, Inc. | 636 | 60,649 | ||||||
Staples, Inc. | 2,368 | 38,563 | ||||||
Starbucks Corp. | 2,040 | 193,188 | ||||||
State Street Corp. | 1,188 | 87,354 | ||||||
Stryker Corp. | 1,188 | 109,593 | ||||||
SunTrust Banks, Inc. | 1,188 | 48,815 | ||||||
Superior Energy Services, Inc. | 2,368 | 52,901 | ||||||
Symantec Corp. | 2,368 | 55,328 | ||||||
Synopsys, Inc. | 528 | 24,457 | ||||||
Sysco Corp. | 2,268 | 85,572 | ||||||
T-Mobile US, Inc. | 588 | 18,634 | ||||||
T. Rowe Price Group, Inc. | 768 | 62,193 | ||||||
Target Corp. | 1,188 | 97,499 | ||||||
TD Ameritrade Holding Corp. | 1,088 | 40,539 | ||||||
Tesla Motors, Inc. | 204 | 38,509 | ||||||
Tesoro Corp. | 1,668 | 152,272 | ||||||
Texas Instruments, Inc. | 2,368 | 135,414 | ||||||
Textron, Inc. | 1,088 | 48,231 | ||||||
Thermo Fisher Scientific, Inc. | 1,188 | 159,596 | ||||||
Tiffany & Co. | 384 | 33,796 | ||||||
Time Warner Cable, Inc. | 720 | 107,914 | ||||||
Time Warner, Inc. | 2,368 | 199,954 | ||||||
TJX Cos., Inc. | 1,860 | 130,293 |
See accompanying notes to financial statements.
264
SPDR MSCI ACWI Low Carbon Target ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Toll Brothers, Inc. | 988 | $ | 38,868 | |||||
Towers Watson & Co. (Class A) | 240 | 31,724 | ||||||
Tractor Supply Co. | 300 | 25,518 | ||||||
TransDigm Group, Inc. | 132 | 28,871 | ||||||
Travelers Cos., Inc. | 1,188 | 128,458 | ||||||
Trimble Navigation, Ltd. | 1,188 | 29,938 | ||||||
TripAdvisor, Inc. | 276 | 22,955 | ||||||
TRW Automotive Holdings Corp. | 192 | 20,131 | ||||||
Twenty-First Century Fox, Inc. (Class A) | 2,676 | 90,556 | ||||||
Twenty-First Century Fox, Inc. (Class B) | 2,207 | 72,566 | ||||||
Twitter, Inc. | 816 | 40,865 | ||||||
U.S. Bancorp | 4,742 | 207,083 | ||||||
Under Armour, Inc. (Class A) | 360 | 29,070 | ||||||
Union Pacific Corp. | 2,088 | 226,151 | ||||||
United Parcel Service, Inc. (Class B) | 1,367 | 132,517 | ||||||
United Rentals, Inc. | 324 | 29,536 | ||||||
United Technologies Corp. | 2,808 | 329,098 | ||||||
UnitedHealth Group, Inc. | 2,595 | 306,963 | ||||||
Unum Group | 1,188 | 40,071 | ||||||
V.F. Corp. | 876 | 65,972 | ||||||
Vantiv, Inc. (Class A) | 192 | 7,238 | ||||||
Varian Medical Systems, Inc. | 252 | 23,711 | ||||||
Ventas, Inc. | 648 | 47,317 | ||||||
Verisk Analytics, Inc. (Class A) | 372 | 26,561 | ||||||
Verizon Communications, Inc. | 10,669 | 518,833 | ||||||
Vertex Pharmaceuticals, Inc. | 519 | 61,226 | ||||||
Viacom, Inc. (Class B) | 1,188 | 81,140 | ||||||
Visa, Inc. (Class A) | 5,132 | 335,684 | ||||||
VMware, Inc. (Class A) | 216 | 17,714 | ||||||
Voya Financial, Inc. | 443 | 19,098 | ||||||
W.W. Grainger, Inc. | 228 | 53,765 | ||||||
Wabtec Corp. | 396 | 37,624 | ||||||
Wal-Mart Stores, Inc. | 4,276 | 351,701 | ||||||
Walgreens Boots Alliance, Inc. | 2,368 | 200,522 | ||||||
Walt Disney Co. | 4,359 | 457,216 | ||||||
Waters Corp. | 204 | 25,361 | ||||||
Wells Fargo & Co. | 12,541 | 682,230 | ||||||
Western Digital Corp. | 624 | 56,790 | ||||||
Western Union Co. | 1,188 | 24,722 | ||||||
Whirlpool Corp. | 144 | 29,097 | ||||||
Whole Foods Market, Inc. | 1,188 | 61,871 | ||||||
Williams Cos., Inc. | 3,555 | 179,847 | ||||||
Workday, Inc. (Class A) | 156 | 13,168 | ||||||
Wyndham Worldwide Corp. | 240 | 21,713 | ||||||
Wynn Resorts, Ltd. | 204 | 25,680 | ||||||
Xerox Corp. | 3,555 | 45,682 | ||||||
Xilinx, Inc. | 1,188 | 50,252 | ||||||
XL Group PLC | 1,188 | 43,718 | ||||||
Xylem, Inc. | 648 | 22,693 | ||||||
Yahoo!, Inc. | 2,368 | 105,222 | ||||||
Yum! Brands, Inc. | 900 | 70,848 | ||||||
Zimmer Holdings, Inc. | 552 | 64,871 | ||||||
Zoetis, Inc. | 984 | 45,549 | ||||||
44,024,986 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $88,351,385) | 89,731,267 | |||||||
RIGHTS — 0.0% (a) | ||||||||
SPAIN — 0.0% (a) | ||||||||
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/15) | 14,973 | 2,155 | ||||||
Banco de Sabadell SA (expiring 4/17/15) | 6,770 | 1,716 | ||||||
Telefonica SA (expiring 4/10/15) | 12,481 | 2,011 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $2,120) | 5,882 | |||||||
SHORT TERM INVESTMENT — 0.2% | ||||||||
UNITED STATES — 0.2% | ||||||||
MONEY MARKET FUND — 0.2% | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (e)(f) (Cost $131,476) | 131,476 | 131,476 | ||||||
TOTAL INVESTMENTS — 99.7% | ||||||||
(Cost $88,484,981) | 89,868,625 | |||||||
OTHER ASSETS & LIABILITIES — 0.3% | 277,983 | |||||||
NET ASSETS — 100.0% | $ | 90,146,608 | ||||||
(a) | Amount shown represents less than 0.05% of net assets. | |||||
(b) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees (see accompanying Notes to Schedules of Investments). | |||||
(c) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(d) | Non-income producing security | |||||
(e) | Affiliated Fund managed by SSGA Funds Management, Inc. (Note 3). | |||||
(f) | The rate shown is the annualized seven-day yield at period end. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
NVDR = Non Voting Depositary Receipt
OJSC = Open Joint Stock Company
PCL = Public Company Limited
PJSC = Public Joint Stock Company
PLC = Public Limited Company
SCA = Societe en Commandite par Actions (partnership limited by shares)
See accompanying notes to financial statements.
265
SPDR MSCI EM 50 ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
BRAZIL — 8.0% | ||||||||
Ambev SA ADR | 7,619 | $ | 43,886 | |||||
Banco Bradesco SA Preference Shares ADR | 4,022 | 37,328 | ||||||
BRF — Brasil Foods SA ADR | 1,053 | 20,828 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 4,512 | 49,903 | ||||||
Petroleo Brasileiro SA Preference Shares ADR | 3,370 | 20,523 | ||||||
Vale SA Preference Shares ADR (a) | 3,084 | 14,957 | ||||||
187,425 | ||||||||
CHINA — 25.9% | ||||||||
Agricultural Bank of China, Ltd. (Class H) | 35,000 | 17,335 | ||||||
Bank of China, Ltd. (Class H) | 128,196 | 74,077 | ||||||
China Construction Bank Corp. (Class H) | 116,154 | 96,482 | ||||||
China Life Insurance Co., Ltd. (Class H) | 11,584 | 50,726 | ||||||
China Petroleum & Chemical Corp. (Class H) | 41,600 | 33,106 | ||||||
Industrial & Commercial Bank of China, Ltd. (Class H) | 119,454 | 88,130 | ||||||
PetroChina Co., Ltd. (Class H) | 34,812 | 38,525 | ||||||
Ping An Insurance Group Co. of China, Ltd. (Class H) | 4,000 | 48,084 | ||||||
Tencent Holdings, Ltd. | 8,329 | 158,135 | ||||||
604,600 | ||||||||
HONG KONG — 8.1% | ||||||||
China Mobile, Ltd. | 9,855 | 128,637 | ||||||
China Overseas Land & Investment, Ltd. | 6,000 | 19,386 | ||||||
CNOOC, Ltd. | 29,362 | 41,507 | ||||||
189,530 | ||||||||
INDIA — 2.5% | ||||||||
ICICI Bank, Ltd. ADR | 3,486 | 36,115 | ||||||
Tata Motors, Ltd. ADR (a) | 487 | 21,944 | ||||||
58,059 | ||||||||
MALAYSIA — 1.8% | ||||||||
Malayan Banking Bhd | 7,661 | 19,300 | ||||||
Public Bank Bhd | 4,393 | 22,395 | ||||||
41,695 | ||||||||
MEXICO — 4.4% | ||||||||
America Movil SAB de CV, Series L, ADR | 2,684 | 54,915 | ||||||
Cemex SAB de CV ADR (a)(b) | 1,986 | 18,807 | ||||||
Grupo Televisa SA de CV ADR (a)(b) | 832 | 27,464 | ||||||
101,186 | ||||||||
RUSSIA — 5.3% | ||||||||
Gazprom OAO ADR | 9,568 | 45,486 | ||||||
Lukoil OAO ADR | 825 | 38,214 | ||||||
Magnit PJSC GDR | 420 | 21,441 | ||||||
Sberbank of Russia ADR (c) | 3,649 | 16,034 | ||||||
Sberbank of Russia ADR (c) | 713 | 3,116 | ||||||
124,291 | ||||||||
SOUTH AFRICA — 9.7% | ||||||||
FirstRand, Ltd. | 5,441 | 25,076 | ||||||
MTN Group, Ltd. | 2,689 | 45,496 | ||||||
Naspers, Ltd. (Class N) | 641 | 98,931 | ||||||
Sasol, Ltd. | 894 | 30,412 | ||||||
Standard Bank Group, Ltd. (a) | 1,962 | 27,204 | ||||||
227,119 | ||||||||
SOUTH KOREA — 19.2% | ||||||||
Hyundai Mobis Co., Ltd. | 110 | 24,440 | ||||||
Hyundai Motor Co. | 251 | 38,121 | ||||||
KB Financial Group, Inc. ADR | 625 | 21,963 | ||||||
Kia Motors Corp. | 426 | 17,356 | ||||||
NAVER Corp. | 45 | 27,216 | ||||||
POSCO ADR (a) | 422 | 23,067 | ||||||
Samsung Electronics Co., Ltd. GDR | 358 | 230,552 | ||||||
Shinhan Financial Group Co., Ltd. ADR | 685 | 25,550 | ||||||
SK Hynix, Inc. | 940 | 38,593 | ||||||
446,858 | ||||||||
TAIWAN — 14.7% | ||||||||
Cathay Financial Holding Co., Ltd. | 13,650 | 21,812 | ||||||
China Steel Corp. | 18,660 | 15,505 | ||||||
Chunghwa Telecom Co., Ltd. ADR (a) | 648 | 20,781 | ||||||
Formosa Plastics Corp. | 6,280 | 15,234 | ||||||
Hon Hai Precision Industry Co., Ltd. GDR | 10,096 | 58,557 | ||||||
MediaTek, Inc. | 2,000 | 27,069 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 7,810 | 183,379 | ||||||
342,337 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $2,486,301) | 2,323,100 | |||||||
SHORT TERM INVESTMENTS — 4.7% | ||||||||
UNITED STATES — 4.7% | ||||||||
MONEY MARKET FUNDS — 4.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 106,619 | 106,619 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (e)(f) | 2,807 | 2,807 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $109,426) | 109,426 | |||||||
TOTAL INVESTMENTS — 104.3% | ||||||||
(Cost $2,595,727) | 2,432,526 | |||||||
OTHER ASSETS & LIABILITIES — (4.3)% | (100,148 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,332,378 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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. |
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
PJSC = Public Joint Stock Company
See accompanying notes to financial statements.
266
SPDR MSCI EM Beyond BRIC ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
CHILE — 3.3% | ||||||||
AES Gener SA | 3,116 | $ | 1,700 | |||||
Banco de Chile | 89,940 | 10,098 | ||||||
Banco Santander Chile ADR | 467 | 10,124 | ||||||
Cencosud SA ADR (a) | 1,152 | 8,099 | ||||||
Cia Cervecerias Unidas SA | 287 | 2,987 | ||||||
Corpbanca SA | 244,432 | 2,589 | ||||||
Empresa Nacional de Electricidad SA ADR | 441 | 19,867 | ||||||
Empresas COPEC SA | 410 | 4,775 | ||||||
Enersis SA ADR (a) | 988 | 16,065 | ||||||
Latam Airlines Group SA ADR (a)(b) | 1,007 | 8,116 | ||||||
SACI Falabella | 657 | 5,035 | ||||||
Sociedad Quimica y Minera de Chile SA ADR | 311 | 5,676 | ||||||
95,131 | ||||||||
COLOMBIA — 1.5% | ||||||||
Almacenes Exito SA | 512 | 4,927 | ||||||
BanColombia SA ADR (a) | 193 | 7,591 | ||||||
Cementos Argos SA | 1,416 | 4,650 | ||||||
Ecopetrol SA ADR (a) | 449 | 6,834 | ||||||
Grupo Argos SA/Colombia Preference Shares | 1,089 | 7,101 | ||||||
Grupo de Inversiones Suramericana SA | 691 | 8,927 | ||||||
Interconexion Electrica SA ESP | 1,477 | 4,225 | ||||||
44,255 | ||||||||
CZECH REPUBLIC — 0.7% | ||||||||
CEZ AS | 358 | 8,756 | ||||||
Komercni Banka AS | 36 | 7,773 | ||||||
O2 Czech Republic AS | 341 | 2,726 | ||||||
19,255 | ||||||||
EGYPT — 0.6% | ||||||||
Commercial International Bank Egypt SAE GDR | 1,615 | 11,337 | ||||||
Global Telecom Holding SAE GDR (b) | 2,245 | 4,939 | ||||||
16,276 | ||||||||
GREECE — 0.7% | ||||||||
Alpha Bank AE (b) | 4,195 | 1,239 | ||||||
Eurobank Ergasias SA (b) | 14,452 | 1,630 | ||||||
FF Group (b) | 60 | 1,788 | ||||||
Hellenic Telecommunications Organization SA (b) | 474 | 4,200 | ||||||
JUMBO SA | 114 | 1,185 | ||||||
National Bank of Greece SA (b) | 2,735 | 3,231 | ||||||
OPAP SA | 432 | 4,051 | ||||||
Piraeus Bank SA (b) | 3,614 | 1,393 | ||||||
Public Power Corp. SA (b) | 286 | 1,751 | ||||||
Titan Cement Co. SA | 55 | 1,262 | ||||||
21,730 | ||||||||
HUNGARY — 0.6% | ||||||||
MOL Hungarian Oil and Gas PLC | 119 | 5,166 | ||||||
OTP Bank PLC | 456 | 8,663 | ||||||
Richter Gedeon NyRt | 270 | 3,723 | ||||||
17,552 | ||||||||
INDONESIA — 6.8% | ||||||||
Adaro Energy Tbk PT | 34,900 | 2,536 | ||||||
Astra International Tbk PT | 34,900 | 22,888 | ||||||
Bank Central Asia Tbk PT | 22,000 | 24,945 | ||||||
Bank Mandiri Persero Tbk PT | 21,000 | 20,036 | ||||||
Bank Negara Indonesia Persero Tbk PT | 20,000 | 11,052 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 19,000 | 19,291 | ||||||
Charoen Pokphand Indonesia Tbk PT | 18,000 | 4,880 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 4,000 | 6,707 | ||||||
Indofood Sukses Makmur Tbk PT | 12,500 | 7,122 | ||||||
Kalbe Farma Tbk PT | 67,400 | 9,614 | ||||||
Lippo Karawaci Tbk PT | 55,900 | 5,772 | ||||||
Matahari Department Store Tbk PT | 3,100 | 4,671 | ||||||
Perusahaan Gas Negara Persero Tbk PT | 26,000 | 9,545 | ||||||
Semen Indonesia Persero Tbk PT | 7,500 | 7,830 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 99,300 | 21,948 | ||||||
Unilever Indonesia Tbk PT | 3,500 | 10,614 | ||||||
United Tractors Tbk PT | 4,500 | 7,503 | ||||||
196,954 | ||||||||
MALAYSIA — 8.4% | ||||||||
Alliance Financial Group Bhd | 3,500 | 4,527 | ||||||
AMMB Holdings Bhd | 3,500 | 6,010 | ||||||
Axiata Group Bhd | 4,700 | 8,985 | ||||||
British American Tobacco Malaysia Bhd | 300 | 5,562 | ||||||
Bumi Armada Bhd (b) | 5,300 | 1,474 | ||||||
CIMB Group Holdings Bhd | 8,518 | 14,306 | ||||||
Digi.Com Bhd | 7,300 | 12,418 | ||||||
Felda Global Ventures Holdings Bhd | 2,900 | 1,699 | ||||||
Gamuda Bhd | 6,000 | 8,262 | ||||||
Genting Bhd | 4,600 | 11,179 | ||||||
Genting Malaysia Bhd | 7,100 | 8,109 | ||||||
Hong Leong Bank Bhd | 1,300 | 5,006 | ||||||
IHH Healthcare Bhd | 6,100 | 9,899 | ||||||
IJM Corp. Bhd | 3,800 | 7,388 | ||||||
IOI Corp. Bhd | 5,500 | 6,816 | ||||||
IOI Properties Group Bhd | 3,148 | 1,853 | ||||||
Kuala Lumpur Kepong Bhd | 1,000 | 6,151 | ||||||
Malayan Banking Bhd | 7,501 | 18,897 | ||||||
Malaysia Airports Holdings Bhd | 1,576 | 2,979 | ||||||
Maxis Bhd | 4,300 | 8,348 | ||||||
Petronas Chemicals Group Bhd | 5,100 | 7,767 | ||||||
Petronas Dagangan Bhd | 500 | 2,700 | ||||||
Petronas Gas Bhd | 1,300 | 8,080 | ||||||
PPB Group Bhd | 1,400 | 5,814 | ||||||
Public Bank Bhd | 2,860 | 14,580 | ||||||
SapuraKencana Petroleum Bhd | 8,300 | 5,289 | ||||||
Sime Darby Bhd | 4,728 | 11,834 | ||||||
Telekom Malaysia Bhd | 3,351 | 6,578 | ||||||
Tenaga Nasional Bhd | 5,400 | 20,938 | ||||||
UMW Holdings Bhd | 1,400 | 4,098 | ||||||
YTL Corp. Bhd | 10,800 | 4,870 | ||||||
242,416 | ||||||||
MEXICO — 11.0% | ||||||||
Alfa SAB de CV (Class A) (b) | 5,372 | 10,861 | ||||||
America Movil SAB de CV (Series L) | 59,741 | 61,411 | ||||||
Cemex SAB de CV (b) | 20,539 | 19,509 | ||||||
Coca-Cola FEMSA SAB de CV (Series L) | 995 | 7,953 | ||||||
El Puerto de Liverpool SAB de CV (Class C1) (b) | 300 | 3,545 | ||||||
Fibra Uno Administracion SA de CV REIT | 3,106 | 8,239 |
See accompanying notes to financial statements.
267
SPDR MSCI EM Beyond BRIC ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Fomento Economico Mexicano SAB de CV (b) | 3,182 | $ | 29,892 | |||||
Genomma Lab Internacional SAB de CV (Class B) (b) | 2,091 | 1,983 | ||||||
Gentera SAB de CV (b) | 1,839 | 3,316 | ||||||
Grupo Aeroportuario del Pacifico SAB de CV (Class B) | 500 | 3,282 | ||||||
Grupo Aeroportuario del Sureste SAB de CV (Class B) (b) | 697 | 9,403 | ||||||
Grupo Bimbo SAB de CV (b) | 3,683 | 10,458 | ||||||
Grupo Carso SAB de CV | 1,393 | 5,796 | ||||||
Grupo Financiero Banorte SAB de CV | 4,578 | 26,601 | ||||||
Grupo Financiero Inbursa SAB de CV | 4,977 | 12,584 | ||||||
Grupo Financiero Santander Mexico SAB de CV (Class B) | 3,982 | 8,717 | ||||||
Grupo Mexico SAB de CV (Series B) | 4,464 | 13,201 | ||||||
Grupo Televisa SAB (b) | 5,174 | 34,235 | ||||||
Industrias Penoles SAB de CV | 304 | 5,296 | ||||||
Kimberly-Clark de Mexico SAB de CV (Class A) | 3,683 | 7,731 | ||||||
Mexichem SAB de CV | 2,488 | 6,506 | ||||||
Minera Frisco SAB de CV (b) | 698 | 754 | ||||||
Promotora y Operadora de Infraestructura SAB de CV (b) | 549 | 5,864 | ||||||
Wal-Mart de Mexico SAB de CV | 8,391 | 20,991 | ||||||
318,128 | ||||||||
PERU — 1.0% | ||||||||
Compania de Minas Buenaventura SA ADR | 161 | 1,631 | ||||||
Credicorp, Ltd. (a) | 132 | 18,563 | ||||||
Southern Copper Corp. (a) | 298 | 8,696 | ||||||
28,890 | ||||||||
PHILIPPINES — 3.1% | ||||||||
Aboitiz Equity Ventures, Inc. | 5,790 | 7,513 | ||||||
Ayala Corp. | 520 | 9,248 | ||||||
Ayala Land, Inc. | 15,000 | 12,920 | ||||||
BDO Unibank, Inc. | 4,730 | 13,090 | ||||||
International Container Terminal Services, Inc. | 2,810 | 6,789 | ||||||
JG Summit Holdings, Inc. | 3,760 | 6,098 | ||||||
Philippine Long Distance Telephone Co. | 115 | 7,348 | ||||||
SM Investments Corp. | 400 | 8,049 | ||||||
SM Prime Holdings, Inc. | 14,500 | 6,481 | ||||||
Universal Robina Corp. | 2,450 | 12,387 | ||||||
89,923 | ||||||||
POLAND — 3.6% | ||||||||
Bank Pekao SA | 281 | 13,622 | ||||||
Bank Zachodni WBK SA | 41 | 3,731 | ||||||
Eurocash SA | 111 | 958 | ||||||
KGHM Polska Miedz SA | 314 | 9,938 | ||||||
LPP SA | 1 | 1,866 | ||||||
mBank | 39 | 4,529 | ||||||
Orange Polska SA | 1,857 | 4,668 | ||||||
PGE Polska Grupa Energetyczna SA | 1,662 | 9,135 | ||||||
Polski Koncern Naftowy Orlen SA | 794 | 12,408 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo SA | 4,454 | 6,461 | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA | 1,773 | 15,899 | ||||||
Powszechny Zaklad Ubezpieczen SA | 122 | 15,735 | ||||||
Tauron Polska Energia SA | 3,880 | 4,513 | ||||||
103,463 | ||||||||
QATAR — 1.8% | ||||||||
Barwa Real Estate Co. | 117 | 1,449 | ||||||
Gulf International Services QSC | 78 | 2,057 | ||||||
Industries Qatar QSC | 192 | 7,329 | ||||||
Masraf Al Rayan QSC | 684 | 8,951 | ||||||
Ooredoo QSC | 122 | 3,341 | ||||||
Qatar Electricity & Water Co. QSC | 96 | 5,149 | ||||||
Qatar Islamic Bank SAQ | 180 | 4,914 | ||||||
Qatar National Bank SAQ | 265 | 14,082 | ||||||
Vodafone Qatar QSC | 974 | 4,769 | ||||||
52,041 | ||||||||
SOUTH AFRICA — 14.7% | ||||||||
Anglo American Platinum, Ltd. (b) | 75 | 1,842 | ||||||
AngloGold Ashanti, Ltd. (b) | 671 | 6,462 | ||||||
Aspen Pharmacare Holdings, Ltd. (b) | 498 | 15,783 | ||||||
Barclays Africa Group, Ltd. | 577 | 8,810 | ||||||
Bidvest Group, Ltd. | 565 | 15,327 | ||||||
Brait SE (b) | 151 | 1,041 | ||||||
Discovery, Ltd. | 475 | 4,893 | ||||||
Exxaro Resources, Ltd. (a) | 233 | 1,933 | ||||||
FirstRand, Ltd. | 2,946 | 13,577 | ||||||
Foschini Group, Ltd. | 490 | 7,303 | ||||||
Gold Fields, Ltd. | 1,371 | 5,807 | ||||||
Growthpoint Properties, Ltd. REIT | 3,548 | 8,395 | ||||||
Impala Platinum Holdings, Ltd. (b) | 962 | 4,671 | ||||||
Imperial Holdings, Ltd. | 349 | 5,557 | ||||||
Kumba Iron Ore, Ltd. (a) | 74 | 953 | ||||||
Life Healthcare Group Holdings, Ltd. | 2,251 | 7,860 | ||||||
Mediclinic International, Ltd. | 596 | 6,001 | ||||||
MMI Holdings, Ltd. | 2,293 | 6,211 | ||||||
Mr. Price Group, Ltd. | 266 | 5,708 | ||||||
MTN Group, Ltd. | 2,258 | 38,204 | ||||||
Naspers, Ltd. (Class N) | 532 | 82,108 | ||||||
Nedbank Group, Ltd. | 365 | 7,163 | ||||||
Redefine Properties, Ltd. | 6,367 | 6,516 | ||||||
Remgro, Ltd. | 819 | 17,967 | ||||||
RMB Holdings, Ltd. | 1,611 | 9,291 | ||||||
Sanlam, Ltd. | 2,800 | 18,111 | ||||||
Sasol, Ltd. | 806 | 27,418 | ||||||
Shoprite Holdings, Ltd. | 752 | 10,195 | ||||||
Spar Group, Ltd. | 360 | 5,607 | ||||||
Standard Bank Group, Ltd. (a) | 1,838 | 25,485 | ||||||
Steinhoff International Holdings, Ltd. (a) | 2,772 | 17,394 | ||||||
Tiger Brands, Ltd. | 343 | 8,645 | ||||||
Truworths International, Ltd. | 941 | 6,855 | ||||||
Vodacom Group, Ltd. | 668 | 7,316 | ||||||
Woolworths Holdings, Ltd. | 1,469 | 10,445 | ||||||
426,854 | ||||||||
SOUTH KOREA — 15.5% | ||||||||
AmorePacific Corp. | 3 | 9,072 | ||||||
AmorePacific Group | 3 | 4,056 | ||||||
Celltrion, Inc. (b) | 34 | 2,142 |
See accompanying notes to financial statements.
268
SPDR MSCI EM Beyond BRIC ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Cheil Industries, Inc. (b) | 7 | $ | 943 | |||||
Cheil Worldwide, Inc. (b) | 110 | 2,385 | ||||||
CJ CheilJedang Corp. | 6 | 2,044 | ||||||
CJ Corp. | 11 | 1,745 | ||||||
Coway Co., Ltd. | 40 | 3,299 | ||||||
Daewoo Securities Co., Ltd. | 50 | 584 | ||||||
Daum Kakao Corp. | 23 | 2,392 | ||||||
E-Mart Co., Ltd. | 27 | 5,670 | ||||||
Hana Financial Group, Inc. | 290 | 7,515 | ||||||
Hankook Tire Co., Ltd. | 99 | 4,047 | ||||||
Hotel Shilla Co., Ltd. | 30 | 2,647 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 142 | 6,451 | ||||||
Hyundai Glovis Co., Ltd. | 8 | 1,630 | ||||||
Hyundai Heavy Industries Co., Ltd. (b) | 43 | 4,729 | ||||||
Hyundai Mobis Co., Ltd. | 56 | 12,442 | ||||||
Hyundai Motor Co. | 123 | 18,681 | ||||||
Hyundai Motor Co. Preference Shares | 38 | 3,802 | ||||||
Hyundai Steel Co. | 83 | 5,461 | ||||||
Hyundai Wia Corp. | 10 | 1,275 | ||||||
KB Financial Group, Inc. ADR | 363 | 12,756 | ||||||
KEPCO Plant Service & Engineering Co., Ltd. | 20 | 1,759 | ||||||
Kia Motors Corp. | 223 | 9,085 | ||||||
Korea Electric Power Corp. ADR | 458 | 9,389 | ||||||
KT&G Corp. | 133 | 10,633 | ||||||
LG Chem, Ltd. | 51 | 10,389 | ||||||
LG Corp. | 139 | 7,680 | ||||||
LG Display Co., Ltd. ADR | 677 | 9,688 | ||||||
LG Electronics, Inc. | 134 | 7,114 | ||||||
LG Household & Health Care, Ltd. | 13 | 9,855 | ||||||
LG Innotek Co., Ltd. | 20 | 2,091 | ||||||
Lotte Shopping Co., Ltd. | 18 | 3,853 | ||||||
NAVER Corp. | 21 | 12,701 | ||||||
NCSoft Corp. | 7 | 1,145 | ||||||
Orion Corp. | 2 | 2,088 | ||||||
POSCO ADR | 223 | 12,189 | ||||||
S-Oil Corp. | 94 | 5,448 | ||||||
Samsung C&T Corp. | 160 | 8,566 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 44 | 3,050 | ||||||
Samsung Electronics Co., Ltd. GDR (c) | 31 | 15,333 | ||||||
Samsung Electronics Co., Ltd. GDR (c) | 166 | 106,904 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 37 | 8,921 | ||||||
Samsung Heavy Industries Co., Ltd. | 210 | 3,417 | ||||||
Samsung Life Insurance Co., Ltd. | 61 | 5,317 | ||||||
Samsung SDI Co., Ltd. | 59 | 7,259 | ||||||
Samsung SDS Co., Ltd. | 20 | 4,822 | ||||||
Shinhan Financial Group Co., Ltd. ADR | 398 | 14,845 | ||||||
SK C&C Co., Ltd. | 17 | 3,563 | ||||||
SK Holdings Co., Ltd. | 40 | 6,129 | ||||||
SK Hynix, Inc. | 510 | 20,939 | ||||||
SK Innovation Co., Ltd. (b) | 75 | 6,449 | ||||||
Woori Bank | 403 | 3,407 | ||||||
449,796 | ||||||||
TAIWAN — 16.0% | ||||||||
Advanced Semiconductor Engineering Inc, ADR | 1,381 | 9,943 | ||||||
Asia Cement Corp. | 5,120 | 6,439 | ||||||
Asustek Computer, Inc. | 1,000 | 10,067 | ||||||
AU Optronics Corp. ADR (a) | 1,428 | 7,154 | ||||||
Catcher Technology Co., Ltd. | 1,000 | 10,483 | ||||||
Cathay Financial Holding Co., Ltd. | 8,450 | 13,503 | ||||||
Chang Hwa Commercial Bank, Ltd. | 8,160 | 4,720 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 2,000 | 4,596 | ||||||
China Development Financial Holding Corp. | 27,000 | 9,362 | ||||||
China Steel Corp. | 13,260 | 11,018 | ||||||
Chunghwa Telecom Co., Ltd. ADR | 299 | 9,589 | ||||||
Compal Electronics, Inc. | 7,000 | 5,828 | ||||||
CTBC Financial Holding Co., Ltd. | 16,591 | 11,029 | ||||||
Delta Electronics, Inc. | 2,000 | 12,624 | ||||||
E.Sun Financial Holding Co., Ltd. | 11,882 | 7,272 | ||||||
Far Eastern New Century Corp. | 7,140 | 7,370 | ||||||
Far EasTone Telecommunications Co., Ltd. | 2,000 | 4,826 | ||||||
First Financial Holding Co., Ltd | 10,700 | 6,360 | ||||||
Formosa Chemicals & Fibre Corp. | 3,000 | 6,884 | ||||||
Formosa Plastics Corp. | 4,000 | 9,703 | ||||||
Fubon Financial Holding Co., Ltd. | 7,000 | 12,573 | ||||||
Hon Hai Precision Industry Co., Ltd. GDR | 4,109 | 23,832 | ||||||
HTC Corp. (b) | 1,000 | 4,458 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 10,300 | 5,892 | ||||||
Inotera Memories, Inc. (b) | 4,000 | 5,337 | ||||||
Inventec Corp. | 2,000 | 1,448 | ||||||
Lite-On Technology Corp. | 4,020 | 5,210 | ||||||
MediaTek, Inc. | 1,000 | 13,535 | ||||||
Mega Financial Holding Co., Ltd. | 12,000 | 9,952 | ||||||
Nan Ya Plastics Corp. | 5,000 | 11,106 | ||||||
Pegatron Corp. | 1,000 | 2,707 | ||||||
Pou Chen Corp. | 4,000 | 5,599 | ||||||
President Chain Store Corp. | 1,000 | 7,526 | ||||||
Quanta Computer, Inc. | 4,000 | 9,664 | ||||||
Siliconware Precision Industries Co., Ltd. ADR (a) | 1,121 | 9,170 | ||||||
SinoPac Financial Holdings Co., Ltd. | 17,088 | 7,127 | ||||||
Taishin Financial Holding Co., Ltd. | 15,886 | 6,752 | ||||||
Taiwan Cement Corp. | 5,000 | 7,047 | ||||||
Taiwan Cooperative Financial Holding Co., Ltd. | 11,808 | 5,981 | ||||||
Taiwan Mobile Co., Ltd. | 2,000 | 6,999 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 4,470 | 104,956 | ||||||
Uni-President Enterprises Corp. | 6,360 | 10,651 | ||||||
United Microelectronics Corp. | 18,000 | 8,917 | ||||||
Yuanta Financial Holding Co., Ltd. | 15,375 | 7,739 | ||||||
462,948 | ||||||||
THAILAND — 5.6% | ||||||||
Advanced Info Service PCL | 2,200 | 16,023 | ||||||
Airports of Thailand PCL | 1,000 | 8,605 | ||||||
Bangkok Bank PCL NVDR | 1,660 | 9,412 | ||||||
BEC World PCL (d) | 3,300 | 4,158 | ||||||
Central Pattana PCL | 3,900 | 5,124 | ||||||
Charoen Pokphand Foods PCL | 7,200 | 4,978 | ||||||
CP ALL PCL | 9,600 | 12,096 | ||||||
Kasikornbank PCL | 3,100 | 21,911 | ||||||
Krung Thai Bank PCL | 11,100 | 7,778 | ||||||
PTT Exploration & Production PCL | 2,900 | 9,714 | ||||||
PTT Global Chemical PCL | 3,800 | 6,102 | ||||||
PTT PCL | 1,700 | 16,875 | ||||||
Siam Cement PCL NVDR | 1,000 | 15,734 |
See accompanying notes to financial statements.
269
SPDR MSCI EM Beyond BRIC ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Siam Commercial Bank PCL | 3,500 | $ | 19,146 | |||||
True Corp. PCL NVDR (b) | 16,310 | 6,265 | ||||||
163,921 | ||||||||
TURKEY — 3.4% | ||||||||
Akbank TAS | 3,401 | 10,020 | ||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS (b) | 485 | 4,053 | ||||||
BIM Birlesik Magazalar AS | 395 | 7,013 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT | 4,040 | 4,590 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 3,015 | 4,691 | ||||||
Haci Omer Sabanci Holding AS | 2,002 | 7,078 | ||||||
KOC Holding AS | 1,639 | 7,480 | ||||||
TAV Havalimanlari Holding AS (b) | 160 | 1,340 | ||||||
Tupras-Turkiye Petrol Rafinerileri AS | 274 | 6,506 | ||||||
Turk Hava Yollari AO (b) | 1,693 | 5,601 | ||||||
Turkcell Iletisim Hizmetleri AS (b) | 1,728 | 8,885 | ||||||
Turkiye Garanti Bankasi AS | 4,534 | 14,895 | ||||||
Turkiye Halk Bankasi AS | 887 | 4,390 | ||||||
Turkiye Is Bankasi (Class C) | 4,152 | 9,387 | ||||||
Turkiye Vakiflar Bankasi Tao (Class D) | 2,626 | 4,308 | ||||||
100,237 | ||||||||
UNITED ARAB EMIRATES — 1.3% | ||||||||
Abu Dhabi Commercial Bank PJSC | 2,148 | 3,784 | ||||||
Aldar Properties PJSC | 5,839 | 3,768 | ||||||
Arabtec Holding PJSC (b) | 3,011 | 1,869 | ||||||
DP World, Ltd. | 239 | 5,162 | ||||||
Dubai Financial Market PJSC | 4,897 | 2,013 | ||||||
Dubai Islamic Bank PJSC | 822 | 1,388 | ||||||
Emaar Properties PJSC | 5,580 | 10,027 | ||||||
First Gulf Bank PJSC | 1,190 | 4,730 | ||||||
National Bank of Abu Dhabi PJSC | 1,346 | 4,361 | ||||||
37,102 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $3,036,584) | 2,886,872 | |||||||
RIGHTS — 0.0% (e) | ||||||||
SOUTH AFRICA — 0.0% (e) | ||||||||
Discovery, Ltd. (expiring 4/2/15) (b) (Cost $0) | 45 | 128 | ||||||
SHORT TERM INVESTMENTS — 2.5% | ||||||||
UNITED STATES — 2.5% | ||||||||
MONEY MARKET FUNDS — 2.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (f)(g) | 70,666 | 70,666 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (g)(h) | 620 | 620 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $71,286) | 71,286 | |||||||
TOTAL INVESTMENTS — 102.1% | ||||||||
(Cost $3,107,870) | 2,958,286 | |||||||
OTHER ASSETS & LIABILITIES — (2.1)% | (61,013 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,897,273 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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 Oversight Committee in accordance with procedures approved by the Board of Trustees (see accompanying Notes to Schedules of Investments). | |||||
(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
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
PJSC = Public Joint Stock Company
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
270
SPDR MSCI EAFE Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AUSTRALIA — 6.1% | ||||||||
AGL Energy, Ltd. | 673 | $ | 7,815 | |||||
Amcor, Ltd. | 697 | 7,476 | ||||||
AMP, Ltd. | 525 | 2,583 | ||||||
ASX, Ltd. | 141 | 4,461 | ||||||
Australia & New Zealand Banking Group, Ltd. | 387 | 10,833 | ||||||
BHP Billiton, Ltd. | 1,736 | 41,153 | ||||||
Brambles, Ltd. | 943 | 8,299 | ||||||
Cochlear, Ltd. | 46 | 3,181 | ||||||
Commonwealth Bank of Australia | 417 | 29,754 | ||||||
CSL, Ltd. | 380 | 26,743 | ||||||
Federation Centres | 1,761 | 4,090 | ||||||
Flight Centre Travel Group, Ltd. | 53 | 1,605 | ||||||
Fortescue Metals Group, Ltd. | 1,274 | 1,908 | ||||||
GPT Group | 3,606 | 12,589 | ||||||
Healthscope, Ltd. | 935 | 2,186 | ||||||
Lend Lease Group | 209 | 2,657 | ||||||
Macquarie Group, Ltd. | 47 | 2,753 | ||||||
National Australia Bank, Ltd. | 352 | 10,366 | ||||||
Novion Property Group | 5,359 | 10,276 | ||||||
Origin Energy, Ltd. | 184 | 1,590 | ||||||
QBE Insurance Group, Ltd. | 241 | 2,401 | ||||||
Ramsay Health Care, Ltd. | 63 | 3,236 | ||||||
REA Group, Ltd. | 61 | 2,250 | ||||||
Rio Tinto, Ltd. | 256 | 11,193 | ||||||
Santos, Ltd. | 196 | 1,069 | ||||||
Scentre Group | 3,400 | 9,714 | ||||||
Seek, Ltd. | 169 | 2,210 | ||||||
Stockland | 2,622 | 9,014 | ||||||
Suncorp Group, Ltd. | 209 | 2,155 | ||||||
Telstra Corp., Ltd. | 7,693 | 37,084 | ||||||
Transurban Group | 1,725 | 12,559 | ||||||
Wesfarmers, Ltd. | 119 | 3,996 | ||||||
Westfield Corp. | 1,682 | 12,271 | ||||||
Westpac Banking Corp. | 424 | 12,756 | ||||||
Woodside Petroleum, Ltd. | 304 | 8,017 | ||||||
Woolworths, Ltd. | 1,169 | 26,336 | ||||||
WorleyParsons, Ltd. | 172 | 1,255 | ||||||
349,834 | ||||||||
AUSTRIA — 0.1% | ||||||||
Erste Group Bank AG | 80 | 1,971 | ||||||
OMV AG | 61 | 1,674 | ||||||
Raiffeisen Bank International AG | 66 | 923 | ||||||
Voestalpine AG | 54 | 1,977 | ||||||
6,545 | ||||||||
BELGIUM — 1.4% | ||||||||
Ageas | 60 | 2,153 | ||||||
Anheuser-Busch InBev NV | 370 | 45,222 | ||||||
Belgacom SA | 340 | 11,895 | ||||||
Colruyt SA | 202 | 8,795 | ||||||
Delhaize Group | 34 | 3,057 | ||||||
KBC Groep NV (a) | 44 | 2,720 | ||||||
Solvay SA | 16 | 2,312 | ||||||
Umicore SA | 52 | 2,171 | ||||||
78,325 | ||||||||
DENMARK — 2.3% | ||||||||
AP Moeller — Maersk A/S (Class A) | 1 | 2,031 | ||||||
AP Moeller — Maersk A/S (Class B) | 1 | 2,090 | ||||||
Carlsberg A/S (Class B) | 24 | 1,980 | ||||||
Coloplast A/S (Class B) | 184 | 13,914 | ||||||
Danske Bank A/S | 104 | 2,744 | ||||||
Novo Nordisk A/S (Class B) | 1,570 | 83,962 | ||||||
Novozymes A/S (Class B) | 156 | 7,132 | ||||||
Pandora A/S | 66 | 6,011 | ||||||
TDC A/S | 693 | 4,961 | ||||||
Tryg A/S | 74 | 8,729 | ||||||
William Demant Holding A/S (a) | 28 | 2,375 | ||||||
135,929 | ||||||||
FINLAND — 0.7% | ||||||||
Elisa Oyj | 216 | 5,428 | ||||||
Fortum Oyj | 101 | 2,122 | ||||||
Kone Oyj (Class B) | 210 | 9,310 | ||||||
Metso Oyj | 62 | 1,809 | ||||||
Nokia Oyj | 338 | 2,581 | ||||||
Orion Oyj (Class B) | 79 | 2,231 | ||||||
Sampo Oyj (Class A) | 214 | 10,807 | ||||||
UPM-Kymmene Oyj | 144 | 2,802 | ||||||
Wartsila Oyj Abp | 80 | 3,542 | ||||||
40,632 | ||||||||
FRANCE — 7.2% | ||||||||
Aeroports de Paris | 92 | 10,997 | ||||||
Air Liquide SA | 260 | 33,453 | ||||||
Alcatel-Lucent (a) | 255 | 964 | ||||||
Alstom SA (a) | 63 | 1,944 | ||||||
AXA SA | 521 | 13,124 | ||||||
BNP Paribas SA | 318 | 19,320 | ||||||
Bouygues SA | 55 | 2,158 | ||||||
Bureau Veritas SA | 259 | 5,561 | ||||||
Cap Gemini SA | 36 | 2,953 | ||||||
Carrefour SA | 116 | 3,873 | ||||||
Casino Guichard-Perrachon SA | 20 | 1,773 | ||||||
Christian Dior SE | 12 | 2,265 | ||||||
Compagnie de Saint-Gobain | 102 | 4,480 | ||||||
Compagnie Generale des Etablissements Michelin | 99 | 9,847 | ||||||
Credit Agricole SA | 255 | 3,745 | ||||||
Danone SA | 116 | 7,801 | ||||||
Dassault Systemes | 168 | 11,393 | ||||||
EDF SA | 62 | 1,488 | ||||||
Essilor International SA | 143 | 16,403 | ||||||
Eutelsat Communications SA | 137 | 4,537 | ||||||
GDF Suez | 319 | 6,306 | ||||||
Hermes International | 6 | 2,116 | ||||||
Iliad SA | 6 | 1,400 | ||||||
Kering | 11 | 2,148 | ||||||
L’Oreal SA | 141 | 25,948 | ||||||
Lafarge SA | 29 | 1,880 | ||||||
Legrand SA | 130 | 7,028 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 125 | 22,037 | ||||||
Natixis SA | 373 | 2,789 | ||||||
Orange SA | 434 | 6,975 | ||||||
Pernod Ricard SA | 21 | 2,484 | ||||||
Peugeot SA (a) | 191 | 3,198 |
See accompanying notes to financial statements.
271
SPDR MSCI EAFE Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Publicis Groupe SA | 96 | $ | 7,406 | |||||
Renault SA | 51 | 4,643 | ||||||
Rexel SA | 105 | 1,981 | ||||||
Safran SA | 39 | 2,723 | ||||||
Sanofi | 155 | 15,304 | ||||||
Schneider Electric SE | 55 | 4,274 | ||||||
SCOR SE | 264 | 8,907 | ||||||
Societe BIC SA | 19 | 2,704 | ||||||
Societe Generale SA | 233 | 11,253 | ||||||
Sodexo SA | 103 | 10,043 | ||||||
Technip SA | 66 | 3,996 | ||||||
Total SA | 1,272 | 63,218 | ||||||
Unibail-Rodamco SE | 13 | 3,505 | ||||||
Valeo SA | 20 | 2,987 | ||||||
Vallourec SA | 64 | 1,562 | ||||||
Veolia Environnement SA | 135 | 2,554 | ||||||
Vinci SA | 79 | 4,516 | ||||||
Vivendi SA | 703 | 17,460 | ||||||
Zodiac Aerospace | 97 | 3,212 | ||||||
414,636 | ||||||||
GERMANY — 7.6% | ||||||||
adidas AG | 99 | 7,835 | ||||||
Allianz SE | 87 | 15,123 | ||||||
Axel Springer SE | 41 | 2,422 | ||||||
BASF SE | 452 | 44,928 | ||||||
Bayer AG | 373 | 56,064 | ||||||
Bayerische Motoren Werke AG | 51 | 6,378 | ||||||
Bayerische Motoren Werke AG Preference Shares | 26 | 2,407 | ||||||
Beiersdorf AG | 161 | 13,989 | ||||||
Celesio AG | 59 | 1,743 | ||||||
Commerzbank AG (a) | 296 | 4,085 | ||||||
Continental AG | 58 | 13,723 | ||||||
Daimler AG | 189 | 18,214 | ||||||
Deutsche Bank AG | 459 | 15,952 | ||||||
Deutsche Boerse AG | 34 | 2,777 | ||||||
Deutsche Lufthansa AG | 99 | 1,391 | ||||||
Deutsche Post AG | 137 | 4,281 | ||||||
Deutsche Telekom AG | 717 | 13,130 | ||||||
E.ON SE | 780 | 11,632 | ||||||
Fresenius Medical Care AG & Co. KGaA | 290 | 24,126 | ||||||
Fresenius SE & Co. KGaA | 213 | 12,717 | ||||||
Fuchs Petrolub SE Preference Shares | 54 | 2,160 | ||||||
GEA Group AG | 94 | 4,547 | ||||||
Hannover Rueck SE | 35 | 3,616 | ||||||
HeidelbergCement AG | 30 | 2,378 | ||||||
Henkel AG & Co. KGaA | 90 | 9,297 | ||||||
Henkel AG & Co. KGaA Preference Shares | 54 | 6,353 | ||||||
Hugo Boss AG | 18 | 2,189 | ||||||
Infineon Technologies AG | 211 | 2,522 | ||||||
K+S AG | 69 | 2,254 | ||||||
Kabel Deutschland Holding AG (a) | 44 | 5,718 | ||||||
Lanxess AG | 36 | 1,919 | ||||||
Linde AG | 37 | 7,536 | ||||||
MAN SE | 70 | 7,368 | ||||||
Merck KGaA | 64 | 7,186 | ||||||
Metro AG | 62 | 2,104 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 40 | 8,624 | ||||||
Porsche Automobil Holding SE Preference Shares | 49 | 4,814 | ||||||
RWE AG | 186 | 4,750 | ||||||
SAP SE | 510 | 36,989 | ||||||
Siemens AG | 102 | 11,031 | ||||||
Telefonica Deutschland Holding AG (a) | 1,746 | 10,081 | ||||||
ThyssenKrupp AG | 83 | 2,178 | ||||||
TUI AG | 146 | 2,573 | ||||||
United Internet AG | 62 | 2,824 | ||||||
Volkswagen AG | 24 | 6,188 | ||||||
Volkswagen AG Preference Shares | 33 | 8,784 | ||||||
438,900 | ||||||||
HONG KONG — 4.4% | ||||||||
AIA Group, Ltd. | 1,200 | 7,553 | ||||||
BOC Hong Kong Holdings, Ltd. | 5,500 | 19,615 | ||||||
Cheung Kong Infrastructure Holdings, Ltd. | 2,000 | 17,193 | ||||||
CLP Holdings, Ltd. | 3,000 | 26,216 | ||||||
Galaxy Entertainment Group, Ltd. | 2,000 | 9,106 | ||||||
Hang Seng Bank, Ltd. | 2,400 | 43,493 | ||||||
HKT Trust/HKT, Ltd. | 3,540 | 4,561 | ||||||
Hong Kong & China Gas Co., Ltd. | 4,400 | 10,181 | ||||||
Hong Kong Exchanges and Clearing, Ltd. | 600 | 14,704 | ||||||
Li & Fung, Ltd. | 4,000 | 3,906 | ||||||
Link REIT | 2,500 | 15,413 | ||||||
MTR Corp., Ltd. | 4,500 | 21,417 | ||||||
New World Development Co., Ltd. | 2,000 | 2,319 | ||||||
Noble Group, Ltd. | 3,000 | 2,012 | ||||||
Power Assets Holdings, Ltd. | 3,000 | 30,685 | ||||||
Sands China, Ltd. | 1,600 | 6,625 | ||||||
SJM Holdings, Ltd. | 1,000 | 1,308 | ||||||
Swire Pacific, Ltd. | 500 | 6,817 | ||||||
Techtronic Industries Co., Ltd. | 500 | 1,690 | ||||||
WH Group, Ltd. (a)(b) | 9,659 | 5,494 | ||||||
Wynn Macau, Ltd. | 800 | 1,731 | ||||||
Yue Yuen Industrial Holdings, Ltd. | 1,000 | 3,534 | ||||||
255,573 | ||||||||
IRELAND — 0.5% | ||||||||
CRH PLC | 98 | 2,550 | ||||||
James Hardie Industries PLC | 252 | 2,938 | ||||||
Kerry Group PLC (Class A) | 268 | 17,990 | ||||||
Ryanair Holdings PLC | 573 | 6,849 | ||||||
30,327 | ||||||||
ISRAEL — 0.8% | ||||||||
Bank Hapoalim BM | 2,346 | 11,303 | ||||||
Bank Leumi Le-Israel BM (a) | 1,313 | 4,877 | ||||||
Bezeq The Israeli Telecommunication Corp., Ltd. | 2,408 | 4,493 | ||||||
Israel Chemicals, Ltd. | 277 | 1,971 | ||||||
Mizrahi Tefahot Bank, Ltd. (a) | 411 | 4,175 | ||||||
NICE Systems, Ltd. | 47 | 2,883 | ||||||
Teva Pharmaceutical Industries, Ltd. | 225 | 14,122 | ||||||
43,824 | ||||||||
ITALY — 1.2% | ||||||||
Assicurazioni Generali SpA | 258 | 5,073 | ||||||
Banca Monte dei Paschi di Siena SpA (a) | 1,725 | 1,145 | ||||||
Banco Popolare SC (a) | 149 | 2,330 | ||||||
Enel SpA | 1,946 | 8,803 |
See accompanying notes to financial statements.
272
SPDR MSCI EAFE Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
ENI SpA | 764 | $ | 13,235 | |||||
Exor SpA | 72 | 3,270 | ||||||
Intesa Sanpaolo SpA | 2,705 | 9,198 | ||||||
Luxottica Group SpA | 73 | 4,634 | ||||||
Saipem SpA (a) | 216 | 2,203 | ||||||
Snam SpA | 454 | 2,204 | ||||||
Telecom Italia SpA | 7,788 | 7,319 | ||||||
UBI Banca SCpA | 311 | 2,433 | ||||||
UniCredit SpA | 797 | 5,418 | ||||||
67,265 | ||||||||
JAPAN — 19.0% | ||||||||
ABC-Mart, Inc. | 100 | 5,862 | ||||||
Aeon Co., Ltd. | 300 | 3,300 | ||||||
Aisin Seiki Co., Ltd. | 100 | 3,636 | ||||||
ANA Holdings, Inc. | 4,000 | 10,733 | ||||||
Aozora Bank, Ltd. | 1,000 | 3,552 | ||||||
Asahi Glass Co., Ltd. | 1,000 | 6,571 | ||||||
Asahi Group Holdings, Ltd. | 100 | 3,180 | ||||||
Astellas Pharma, Inc. | 800 | 13,125 | ||||||
Bank of Yokohama, Ltd. | 2,000 | 11,741 | ||||||
Benesse Holdings, Inc. | 200 | 6,304 | ||||||
Bridgestone Corp. | 100 | 4,016 | ||||||
Calbee, Inc. | 100 | 4,353 | ||||||
Canon, Inc. | 400 | 14,169 | ||||||
Chiba Bank, Ltd. | 1,000 | 7,355 | ||||||
Chubu Electric Power Co., Inc. | 200 | 2,392 | ||||||
Chugoku Bank, Ltd. | 300 | 4,490 | ||||||
Dai-ichi Life Insurance Co., Ltd. | 200 | 2,911 | ||||||
Daihatsu Motor Co., Ltd. | 200 | 3,065 | ||||||
Daiichi Sankyo Co., Ltd. | 200 | 3,180 | ||||||
Daito Trust Construction Co., Ltd. | 100 | 11,195 | ||||||
Denso Corp. | 100 | 4,572 | ||||||
Dentsu, Inc. | 100 | 4,294 | ||||||
East Japan Railway Co. | 200 | 16,077 | ||||||
Eisai Co., Ltd. | 600 | 42,702 | ||||||
Electric Power Development Co., Ltd. | 100 | 3,377 | ||||||
FamilyMart Co., Ltd. | 200 | 8,405 | ||||||
Fuji Heavy Industries, Ltd. | 300 | 9,984 | ||||||
FUJIFILM Holdings Corp. | 100 | 3,566 | ||||||
Fujitsu, Ltd. | 1,000 | 6,830 | ||||||
Fukuoka Financial Group, Inc. | 1,000 | 5,162 | ||||||
Gunma Bank, Ltd. | 1,000 | 6,771 | ||||||
Hino Motors, Ltd. | 200 | 2,860 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 100 | 4,111 | ||||||
Hitachi, Ltd. | 1,000 | 6,864 | ||||||
Honda Motor Co., Ltd. | 300 | 9,764 | ||||||
Hoya Corp. | 200 | 8,034 | ||||||
Idemitsu Kosan Co., Ltd. | 100 | 1,744 | ||||||
Inpex Corp. | 200 | 2,211 | ||||||
Isuzu Motors, Ltd. | 300 | 3,996 | ||||||
ITOCHU Corp. | 700 | 7,597 | ||||||
Iyo Bank, Ltd. | 300 | 3,570 | ||||||
Japan Airlines Co., Ltd. | 400 | 12,474 | ||||||
Japan Display, Inc. (a) | 200 | 720 | ||||||
Japan Prime Realty Investment Corp. | 2 | 6,896 | ||||||
Japan Real Estate Investment Corp. | 2 | 9,423 | ||||||
Japan Retail Fund Investment Corp. | 5 | 9,948 | ||||||
Japan Tobacco, Inc. | 600 | 19,014 | ||||||
JFE Holdings, Inc. | 200 | 4,426 | ||||||
JX Holdings, Inc. | 1,400 | 5,396 | ||||||
Kakaku.com, Inc. | 100 | 1,666 | ||||||
Kansai Electric Power Co., Inc. (a) | 300 | 2,868 | ||||||
Kao Corp. | 400 | 20,013 | ||||||
KDDI Corp. | 600 | 13,611 | ||||||
Kirin Holdings Co., Ltd. | 200 | 2,630 | ||||||
Kobe Steel, Ltd. | 1,000 | 1,851 | ||||||
Komatsu, Ltd. | 200 | 3,940 | ||||||
Kyocera Corp. | 100 | 5,497 | ||||||
Lawson, Inc. | 200 | 13,892 | ||||||
M3, Inc. | 200 | 4,254 | ||||||
Marubeni Corp. | 1,000 | 5,804 | ||||||
McDonald’s Holdings Co. (Japan), Ltd. | 200 | 4,434 | ||||||
Miraca Holdings, Inc. | 100 | 4,611 | ||||||
Mitsubishi Chemical Holdings Corp. | 700 | 4,078 | ||||||
Mitsubishi Corp. | 600 | 12,110 | ||||||
Mitsubishi Heavy Industries, Ltd. | 1,000 | 5,523 | ||||||
Mitsubishi Materials Corp. | 1,000 | 3,369 | ||||||
Mitsubishi Motors Corp. | 300 | 2,714 | ||||||
Mitsubishi Tanabe Pharma Corp. | 700 | 12,036 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 4,100 | 25,426 | ||||||
Mitsui & Co., Ltd. | 600 | 8,065 | ||||||
Mizuho Financial Group, Inc. | 12,400 | 21,827 | ||||||
MS&AD Insurance Group Holdings, Inc. | 100 | 2,810 | ||||||
Nagoya Railroad Co., Ltd. | 1,000 | 4,003 | ||||||
NEC Corp. | 1,000 | 2,944 | ||||||
Nippon Building Fund, Inc. | 2 | 9,839 | ||||||
Nippon Express Co., Ltd. | 1,000 | 5,604 | ||||||
Nippon Prologis REIT, Inc. | 4 | 8,819 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 1,000 | 2,522 | ||||||
Nippon Telegraph & Telephone Corp. | 400 | 24,672 | ||||||
Nippon Yusen K.K. | 1,000 | 2,885 | ||||||
Nissan Motor Co., Ltd. | 700 | 7,144 | ||||||
Nissin Foods Holding Co., Ltd. | 200 | 9,856 | ||||||
Nitori Holding Co., Ltd. | 200 | 13,575 | ||||||
Nomura Holdings, Inc. | 600 | 3,533 | ||||||
Nomura Research Institute, Ltd. | 100 | 3,769 | ||||||
NTT DoCoMo, Inc. | 1,800 | 31,302 | ||||||
Oracle Corp. | 100 | 4,311 | ||||||
Oriental Land Co., Ltd. | 400 | 30,336 | ||||||
ORIX Corp. | 200 | 2,816 | ||||||
Osaka Gas Co., Ltd. | 2,000 | 8,384 | ||||||
Otsuka Corp. | 100 | 4,269 | ||||||
Otsuka Holdings Co., Ltd. | 800 | 25,079 | ||||||
Panasonic Corp. | 400 | 5,260 | ||||||
Park24 Co., Ltd. | 400 | 8,195 | ||||||
Resona Holdings, Inc. | 900 | 4,477 | ||||||
Ricoh Co., Ltd. | 200 | 2,181 | ||||||
Sankyo Co., Ltd. | 200 | 7,129 | ||||||
Santen Pharmaceutical Co., Ltd. | 500 | 7,296 | ||||||
Secom Co., Ltd. | 200 | 13,383 | ||||||
Sega Sammy Holdings, Inc. | 200 | 2,925 | ||||||
Sekisui House, Ltd. | 200 | 2,911 | ||||||
Seven & i Holdings Co., Ltd. | 100 | 4,213 | ||||||
Seven Bank, Ltd. | 700 | 3,461 | ||||||
Shimamura Co., Ltd. | 100 | 9,272 | ||||||
Shin-Etsu Chemical Co., Ltd. | 100 | 6,546 | ||||||
Shionogi & Co., Ltd. | 200 | 6,679 | ||||||
Softbank Corp. | 100 | 5,820 |
See accompanying notes to financial statements.
273
SPDR MSCI EAFE Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 100 | $ | 3,114 | |||||
Sony Corp. (a) | 200 | 5,320 | ||||||
Sumitomo Chemical Co., Ltd. | 1,000 | 5,153 | ||||||
Sumitomo Corp. | 500 | 5,360 | ||||||
Sumitomo Electric Industries, Ltd. | 200 | 2,627 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 400 | 15,348 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 1,000 | 4,132 | ||||||
Suntory Beverage & Food, Ltd. | 300 | 12,883 | ||||||
Suzuken Co., Ltd. | 110 | 3,362 | ||||||
Suzuki Motor Corp. | 100 | 3,012 | ||||||
Sysmex Corp. | 100 | 5,562 | ||||||
T&D Holdings, Inc. | 200 | 2,759 | ||||||
Takeda Pharmaceutical Co., Ltd. | 600 | 30,014 | ||||||
Tobu Railway Co., Ltd. | 1,000 | 4,753 | ||||||
Tohoku Electric Power Co., Inc. | 200 | 2,278 | ||||||
Tokio Marine Holdings, Inc. | 100 | 3,784 | ||||||
Tokyo Electric Power Co., Inc. (a) | 700 | 2,656 | ||||||
Tokyo Gas Co., Ltd. | 3,000 | 18,917 | ||||||
TonenGeneral Sekiyu K.K. | 1,000 | 8,647 | ||||||
Toshiba Corp. | 1,000 | 4,204 | ||||||
Toyo Suisan Kaisha, Ltd. | 100 | 3,527 | ||||||
Toyota Industries Corp. | 100 | 5,737 | ||||||
Toyota Motor Corp. | 400 | 27,961 | ||||||
Toyota Tsusho Corp. | 100 | 2,656 | ||||||
Trend Micro, Inc. | 100 | 3,302 | ||||||
Unicharm Corp. | 500 | 13,142 | ||||||
United Urban Investment Corp. | 6 | 9,361 | ||||||
USS Co., Ltd. | 700 | 12,129 | ||||||
West Japan Railway Co. | 500 | 26,279 | ||||||
Yahoo! Japan Corp. | 800 | 3,309 | ||||||
Yamada Denki Co., Ltd. | 1,200 | 4,953 | ||||||
Yamato Holdings Co., Ltd. | 400 | 9,246 | ||||||
1,099,844 | ||||||||
LUXEMBOURG — 0.8% | ||||||||
Altice SA (a) | 51 | 5,524 | ||||||
ArcelorMittal | 899 | 8,472 | ||||||
RTL Group SA | 26 | 2,503 | ||||||
SES SA | 683 | 24,148 | ||||||
Tenaris SA | 477 | 6,691 | ||||||
47,338 | ||||||||
NETHERLANDS — 2.4% | ||||||||
Aegon NV | 547 | 4,317 | ||||||
Airbus Group NV | 66 | 4,284 | ||||||
Akzo Nobel NV | 34 | 2,571 | ||||||
ASML Holding NV | 31 | 3,156 | ||||||
Boskalis Westminster NV | 48 | 2,361 | ||||||
CNH Industrial NV | 378 | 3,094 | ||||||
Fiat Chrysler Automobiles NV (a) | 371 | 6,037 | ||||||
Gemalto NV | 38 | 3,027 | ||||||
Heineken NV | 36 | 2,746 | ||||||
ING Groep NV (a) | 881 | 12,911 | ||||||
Koninklijke Ahold NV | 520 | 10,248 | ||||||
Koninklijke DSM NV | 35 | 1,954 | ||||||
Koninklijke KPN NV | 736 | 2,497 | ||||||
Koninklijke Philips NV | 114 | 3,235 | ||||||
QIAGEN NV (a) | 111 | 2,798 | ||||||
Reed Elsevier NV | 471 | 11,731 | ||||||
Unilever NV | 1,449 | 60,561 | ||||||
137,528 | ||||||||
NEW ZEALAND — 0.2% | ||||||||
Auckland International Airport, Ltd. | 2,380 | 8,031 | ||||||
Ryman Healthcare, Ltd. | 367 | 2,158 | ||||||
10,189 | ||||||||
NORWAY — 0.6% | ||||||||
DnB NOR ASA | 185 | 2,977 | ||||||
Gjensidige Forsikring ASA | 134 | 2,315 | ||||||
Norsk Hydro ASA | 459 | 2,414 | ||||||
Seadrill, Ltd. | 190 | 1,785 | ||||||
Statoil ASA | 478 | 8,470 | ||||||
Telenor ASA | 665 | 13,442 | ||||||
Yara International ASA | 52 | 2,645 | ||||||
34,048 | ||||||||
PORTUGAL — 0.1% | ||||||||
EDP — Energias de Portugal SA | 613 | 2,294 | ||||||
Jeronimo Martins SGPS SA | 169 | 2,124 | ||||||
4,418 | ||||||||
SINGAPORE — 2.6% | ||||||||
ComfortDelGro Corp., Ltd. | 1,000 | 2,107 | ||||||
DBS Group Holdings, Ltd. | 2,031 | 30,146 | ||||||
Keppel Corp., Ltd. | 1,000 | 6,561 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 2,375 | 18,301 | ||||||
SembCorp Industries, Ltd. | 1,000 | 3,076 | ||||||
SembCorp Marine, Ltd. | 1,000 | 2,129 | ||||||
Singapore Airlines, Ltd. | 2,000 | 17,424 | ||||||
Singapore Exchange, Ltd. | 1,000 | 5,934 | ||||||
Singapore Press Holdings, Ltd. | 2,000 | 6,109 | ||||||
Singapore Technologies Engineering Ltd. | 1,000 | 2,537 | ||||||
Singapore Telecommunications, Ltd. | 9,000 | 28,738 | ||||||
StarHub, Ltd. | 2,000 | 6,343 | ||||||
United Overseas Bank, Ltd. | 1,000 | 16,768 | ||||||
Wilmar International, Ltd. | 1,000 | 2,377 | ||||||
Yangzijiang Shipbuilding Holdings, Ltd. | 2,000 | 1,844 | ||||||
150,394 | ||||||||
SPAIN — 1.6% | ||||||||
ACS, Actividades de Construccion y Servicios SA | 64 | 2,268 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 1,449 | 14,641 | ||||||
Banco de Sabadell SA | 780 | 1,909 | ||||||
Banco Popular Espanol SA | 375 | 1,836 | ||||||
Banco Santander SA | 2,558 | 19,278 | ||||||
CaixaBank SA | 436 | 2,069 | ||||||
Gas Natural SDG SA | 89 | 1,999 | ||||||
Iberdrola SA | 1,184 | 7,632 | ||||||
Inditex SA | 645 | 20,699 | ||||||
Repsol SA | 355 | 6,609 | ||||||
Telefonica SA | 898 | 12,789 | ||||||
Zardoya Otis SA | 145 | 1,870 | ||||||
93,599 | ||||||||
SWEDEN — 1.9% | ||||||||
Alfa Laval AB | 174 | 3,420 | ||||||
Assa Abloy AB (Class B) | 155 | 9,238 | ||||||
Atlas Copco AB (Class A) | 644 | 20,857 | ||||||
Elekta AB (Class B) | 187 | 1,679 |
See accompanying notes to financial statements.
274
SPDR MSCI EAFE Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Hennes & Mauritz AB (Class B) | 627 | $ | 25,410 | |||||
ICA Gruppen AB | 50 | 1,676 | ||||||
Industrivarden AB (Class C) | 121 | 2,272 | ||||||
Investor AB (Class B) | 142 | 5,659 | ||||||
Kinnevik Investment AB (Class B) | 120 | 4,009 | ||||||
Nordea Bank AB | 536 | 6,545 | ||||||
Sandvik AB | 171 | 1,912 | ||||||
Skandinaviska Enskilda Banken AB (Class A) | 260 | 3,042 | ||||||
Skanska AB (Class B) | 248 | 5,562 | ||||||
Svenska Cellulosa AB (Class B) | 87 | 2,004 | ||||||
Svenska Handelsbanken AB (Class A) | 77 | 3,476 | ||||||
Swedbank AB (Class A) | 146 | 3,489 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 358 | 4,500 | ||||||
TeliaSonera AB | 585 | 3,717 | ||||||
Volvo AB (Class B) | 234 | 2,830 | ||||||
111,297 | ||||||||
SWITZERLAND — 13.8% | ||||||||
ABB, Ltd. (a) | 1,089 | 23,130 | ||||||
Actelion, Ltd. (a) | 58 | 6,724 | ||||||
Adecco SA (a) | 55 | 4,587 | ||||||
Barry Callebaut AG (a) | 7 | 6,857 | ||||||
Cie Financiere Richemont SA | 257 | 20,718 | ||||||
Coca-Cola HBC AG (a) | 56 | 1,010 | ||||||
Credit Suisse Group AG (a) | 293 | 7,897 | ||||||
EMS-Chemie Holding AG | 9 | 3,672 | ||||||
Geberit AG | 24 | 9,019 | ||||||
Givaudan SA (a) | 19 | 34,467 | ||||||
Holcim, Ltd. (a) | 31 | 2,319 | ||||||
Julius Baer Group, Ltd. (a) | 400 | 20,080 | ||||||
Kuehne + Nagel International AG | 151 | 22,464 | ||||||
Lindt & Spruengli AG | 5 | 26,845 | ||||||
Nestle SA | 1,869 | 141,238 | ||||||
Novartis AG | 1,360 | 134,628 | ||||||
Partners Group Holding AG | 38 | 11,365 | ||||||
Roche Holding AG | 455 | 125,590 | ||||||
Schindler Holding AG (c) | 27 | 4,498 | ||||||
Schindler Holding AG (c) | 17 | 2,785 | ||||||
SGS SA | 9 | 17,235 | ||||||
Sika AG | 1 | 3,582 | ||||||
Sulzer AG (a) | 17 | 1,873 | ||||||
Swatch Group AG (c) | 15 | 6,364 | ||||||
Swatch Group AG (c) | 40 | 3,356 | ||||||
Swiss Life Holding AG (a) | 11 | 2,724 | ||||||
Swiss Prime Site AG (a) | 188 | 16,355 | ||||||
Swiss Re AG | 381 | 36,911 | ||||||
Swisscom AG | 60 | 34,871 | ||||||
Syngenta AG | 80 | 27,238 | ||||||
Transocean, Ltd. | 205 | 2,967 | ||||||
UBS Group AG (a) | 511 | 9,638 | ||||||
Zurich Insurance Group AG (a) | 75 | 25,427 | ||||||
798,434 | ||||||||
UNITED KINGDOM — 24.2% | ||||||||
Aberdeen Asset Management PLC | 632 | 4,312 | ||||||
Admiral Group PLC | 237 | 5,383 | ||||||
Aggreko PLC | 81 | 1,836 | ||||||
Amec Foster Wheeler PLC | 167 | 2,245 | ||||||
Anglo American PLC | 467 | 7,016 | ||||||
Associated British Foods PLC | 179 | 7,488 | ||||||
AstraZeneca PLC | 900 | 61,812 | ||||||
Aviva PLC | 371 | 2,974 | ||||||
Babcock International Group PLC | 488 | 7,132 | ||||||
BAE Systems PLC | 2,319 | 18,022 | ||||||
Barclays PLC | 4,596 | 16,552 | ||||||
BG Group PLC | 1,656 | 20,380 | ||||||
BHP Billiton PLC | 1,248 | 27,299 | ||||||
BP PLC | 9,168 | 59,434 | ||||||
British American Tobacco PLC | 1,402 | 72,605 | ||||||
BT Group PLC | 1,974 | 12,835 | ||||||
Bunzl PLC | 391 | 10,628 | ||||||
Burberry Group PLC | 281 | 7,229 | ||||||
Capita PLC | 577 | 9,559 | ||||||
Centrica PLC | 7,417 | 27,857 | ||||||
Cobham PLC | 687 | 3,102 | ||||||
Compass Group PLC | 2,680 | 46,628 | ||||||
Croda International PLC | 89 | 3,619 | ||||||
Diageo PLC | 1,977 | 54,574 | ||||||
Direct Line Insurance Group PLC | 1,854 | 8,780 | ||||||
easyJet PLC | 96 | 2,682 | ||||||
Experian PLC | 359 | 5,953 | ||||||
Fresnillo PLC | 176 | 1,783 | ||||||
G4S PLC | 732 | 3,214 | ||||||
GKN PLC | 391 | 2,081 | ||||||
GlaxoSmithKline PLC | 3,356 | 77,022 | ||||||
Glencore PLC (a) | 2,175 | 9,231 | ||||||
Hargreaves Lansdown PLC | 156 | 2,668 | ||||||
HSBC Holdings PLC | 5,315 | 45,289 | ||||||
ICAP PLC | 385 | 3,012 | ||||||
IMI PLC | 183 | 3,464 | ||||||
Imperial Tobacco Group PLC | 817 | 35,936 | ||||||
Inmarsat PLC | 377 | 5,180 | ||||||
Intertek Group PLC | 137 | 5,080 | ||||||
ITV PLC | 2,331 | 8,751 | ||||||
J Sainsbury PLC | 1,722 | 6,626 | ||||||
Johnson Matthey PLC | 121 | 6,082 | ||||||
Kingfisher PLC | 360 | 2,034 | ||||||
Land Securities Group PLC | 248 | 4,613 | ||||||
Legal & General Group PLC | 2,879 | 11,907 | ||||||
Lloyds Banking Group PLC (a) | 5,105 | 5,932 | ||||||
London Stock Exchange Group PLC | 120 | 4,380 | ||||||
Marks & Spencer Group PLC | 1,471 | 11,683 | ||||||
Meggitt PLC | 476 | 3,876 | ||||||
National Grid PLC | 2,383 | 30,589 | ||||||
Next PLC | 198 | 20,649 | ||||||
Old Mutual PLC | 759 | 2,503 | ||||||
Pearson PLC | 127 | 2,736 | ||||||
Petrofac, Ltd. | 183 | 2,589 | ||||||
Prudential PLC | 1,026 | 25,466 | ||||||
Randgold Resources, Ltd. | 157 | 10,938 | ||||||
Reckitt Benckiser Group PLC | 751 | 64,662 | ||||||
Reed Elsevier PLC | 1,800 | 30,970 | ||||||
Rexam PLC | 740 | 6,361 | ||||||
Rio Tinto PLC | 807 | 33,208 | ||||||
Rolls-Royce Holdings PLC (a) | 1,067 | 15,095 | ||||||
Royal Bank of Scotland Group PLC (a) | 449 | 2,266 | ||||||
Royal Dutch Shell PLC (Class A) | 661 | 19,704 | ||||||
Royal Dutch Shell PLC (Class B) | 1,777 | 55,371 | ||||||
Royal Mail PLC | 268 | 1,744 |
See accompanying notes to financial statements.
275
SPDR MSCI EAFE Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
RSA Insurance Group PLC | 300 | $ | 1,875 | |||||
SABMiller PLC | 426 | 22,387 | ||||||
Sage Group PLC | 688 | 4,767 | ||||||
Schroders PLC | 70 | 3,325 | ||||||
Shire PLC | 325 | 25,884 | ||||||
Sky PLC | 1,566 | 23,085 | ||||||
Smith & Nephew PLC | 1,129 | 19,173 | ||||||
Smiths Group PLC | 257 | 4,265 | ||||||
Sports Direct International PLC (a) | 203 | 1,835 | ||||||
SSE PLC | 1,337 | 29,732 | ||||||
Standard Chartered PLC | 736 | 11,948 | ||||||
Standard Life PLC | 311 | 2,195 | ||||||
Tate & Lyle PLC | 295 | 2,617 | ||||||
Tesco PLC | 6,076 | 21,814 | ||||||
Tullow Oil PLC | 167 | 702 | ||||||
Unilever PLC | 1,319 | 55,119 | ||||||
United Utilities Group PLC | 175 | 2,424 | ||||||
Vodafone Group PLC | 10,258 | 33,570 | ||||||
Weir Group PLC | 117 | 2,954 | ||||||
Whitbread PLC | 93 | 7,241 | ||||||
William Hill PLC | 530 | 2,918 | ||||||
William Morrison Supermarkets PLC | 703 | 2,019 | ||||||
Wolseley PLC | 149 | 8,832 | ||||||
WPP PLC | 670 | 15,228 | ||||||
1,398,540 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $5,998,720) | 5,747,419 | |||||||
RIGHTS — 0.0% (d) | ||||||||
SPAIN — 0.0% (d) | ||||||||
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/15) (a) | 1,449 | 208 | ||||||
Banco de Sabadell SA (expiring 4/17/15) (a) | 780 | 198 | ||||||
Telefonica SA (expiring 4/10/15) (a) | 898 | �� | 145 | |||||
TOTAL RIGHTS — | ||||||||
(Cost $205) | 551 | |||||||
SHORT TERM INVESTMENT — 0.0% (d) | ||||||||
UNITED STATES — 0.0% (d) | ||||||||
MONEY MARKET FUND — 0.0% (d) | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (e)(f) (Cost $548) | 548 | 548 | ||||||
TOTAL INVESTMENTS — 99.5% | ||||||||
(Cost $5,999,473) | 5,748,518 | |||||||
OTHER ASSETS & LIABILITIES — 0.5% | 31,541 | |||||||
NET ASSETS — 100.0% | $ | 5,780,059 | ||||||
(a) | Non-income producing security | |||||
(b) | 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, 2015, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(c) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(d) | Amount shown represents less than 0.05% of net assets. | |||||
(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
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
276
SPDR MSCI Emerging Markets Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.3% | ||||||||
BRAZIL — 6.0% | ||||||||
AES Tiete SA Preference Shares | 14,132 | $ | 76,052 | |||||
Ambev SA ADR | 129,321 | 744,889 | ||||||
Banco Bradesco SA | 4,622 | 43,572 | ||||||
Banco Bradesco SA Preference Shares | 15,412 | 143,073 | ||||||
Banco do Brasil SA | 11,568 | 82,921 | ||||||
Banco do Estado do Rio Grande do Sul SA Preference Shares | 3,852 | 13,257 | ||||||
BB Seguridade Participacoes SA | 23,124 | 237,310 | ||||||
BM&FBovespa SA | 7,704 | 26,900 | ||||||
BR Malls Participacoes SA | 2,564 | 13,590 | ||||||
Bradespar SA Preference Shares | 2,564 | 8,496 | ||||||
BRF — Brasil Foods SA ADR | 2,551 | 50,459 | ||||||
CCR SA | 15,420 | 78,641 | ||||||
Centrais Eletricas Brasileiras SA ADR | 6,415 | 11,611 | ||||||
Centrais Eletricas Brasileiras SA ADR preferred shares | 3,839 | 8,062 | ||||||
CETIP SA — Mercados Organizados | 5,140 | 51,222 | ||||||
Cia de Saneamento Basico do Estado de Sao Paulo ADR | 2,551 | 13,826 | ||||||
Cia Paranaense de Energia, ADR | 1,288 | 13,498 | ||||||
Cielo SA | 32,020 | 457,743 | ||||||
Companhia Brasileira de Distribuicao Grupo Pao de Acucar Preference Shares ADR | 1,288 | 38,408 | ||||||
Companhia Energetica de Minas Gerais ADR | 21,783 | 89,092 | ||||||
Companhia Energetica de Sao Paulo Preference Shares (Class B) | 1,288 | 9,535 | ||||||
Companhia Siderurgica Nacional SA ADR | 7,678 | 12,899 | ||||||
Cosan SA Industria e Comercio | 1,288 | 11,239 | ||||||
CPFL Energia SA ADR | 1,288 | 16,383 | ||||||
Cyrela Brazil Realty SA | 2,564 | 10,630 | ||||||
EcoRodovias Infraestrutura e Logistica SA | 23,124 | 65,043 | ||||||
Embraer SA, ADR | 638 | 19,619 | ||||||
Estacio Participacoes SA | 2,564 | 14,873 | ||||||
Fibria Celulose SA ADR (a) | 2,551 | 36,046 | ||||||
Gerdau SA Preference Shares | 7,704 | 24,490 | ||||||
Investimentos Itau SA Preference Shares | 89,323 | 278,916 | ||||||
Itau Unibanco Holding SA Preference Shares ADR | 15,498 | 171,408 | ||||||
JBS SA | 7,704 | 34,228 | ||||||
Klabin SA | 3,852 | 21,935 | ||||||
Kroton Educacional SA | 5,140 | 16,548 | ||||||
Lojas Renner SA | 2,564 | 72,826 | ||||||
M Dias Branco SA | 1,288 | 34,702 | ||||||
Metalurgica Gerdau SA Preference Shares | 5,140 | 17,385 | ||||||
Natura Cosmeticos SA | 7,704 | 64,841 | ||||||
Oi SA, ADR (a) | 2,681 | 4,129 | ||||||
Petroleo Brasileiro SA ADR | 25,180 | 151,332 | ||||||
Petroleo Brasileiro SA Preference Shares ADR | 34,172 | 208,107 | ||||||
Porto Seguro SA | 2,564 | 28,680 | ||||||
Souza Cruz SA | 23,124 | 183,771 | ||||||
Telefonica Brasil SA ADR | 2,551 | 39,005 | ||||||
Tim Participacoes SA ADR | 768 | 12,733 | ||||||
Totvs SA | 10,280 | 117,399 | ||||||
Tractebel Energia SA | 13,072 | 144,376 | ||||||
Transmissora Alianca de Energia Electrica SA | 7,704 | 50,475 | ||||||
Ultrapar Participacoes SA ADR | 6,415 | 129,583 | ||||||
Usinas Siderurgicas de Minas Gerais SA Preference Shares (a) | 5,140 | 7,993 | ||||||
Vale SA ADR | 15,381 | 86,903 | ||||||
Vale SA Preference Shares ADR | 32,076 | 155,569 | ||||||
Via Varejo SA (a) | 2,564 | 13,149 | ||||||
4,469,372 | ||||||||
CHILE — 1.9% | ||||||||
AES Gener SA | 82,839 | 45,196 | ||||||
Aguas Andinas SA Class A | 289,847 | 169,919 | ||||||
Banco de Chile ADR | 4,607 | 308,945 | ||||||
Banco de Credito e Inversiones | 1,978 | 88,572 | ||||||
Banco Santander Chile ADR | 794 | 17,214 | ||||||
Cencosud SA ADR | 238 | 1,673 | ||||||
Cia Cervecerias Unidas SA, ADR | 2,603 | 54,038 | ||||||
Colbun SA | 627,359 | 185,662 | ||||||
Corpbanca SA ADR | 5,504 | 87,899 | ||||||
Empresa Nacional de Electricidad SA ADR | 3,865 | 174,118 | ||||||
Empresas CMPC SA | 9,291 | 25,509 | ||||||
Empresas COPEC SA | 2,550 | 29,697 | ||||||
Enersis SA ADR | 2,108 | 34,276 | ||||||
ENTEL Chile SA | 3,084 | 31,926 | ||||||
Latam Airlines Group SA ADR (a) | 1,666 | 13,428 | ||||||
SACI Falabella | 5,908 | 45,273 | ||||||
Sociedad Quimica y Minera de Chile SA ADR | 2,446 | 44,640 | ||||||
Vina Concha y Toro SA ADR | 1,770 | 73,066 | ||||||
1,431,051 | ||||||||
CHINA — 14.7% | ||||||||
Agricultural Bank of China, Ltd. (Class H) | 455,000 | 225,357 | ||||||
Air China, Ltd. | 26,000 | 26,526 | ||||||
Aluminum Corp. of China, Ltd. (Class H) (a) | 52,000 | 25,755 | ||||||
Anhui Conch Cement Co., Ltd. (Class H) | 6,500 | 24,607 | ||||||
Anta Sports Products, Ltd. | 26,000 | 47,553 | ||||||
Bank of China, Ltd. (Class H) | 1,583,071 | 914,757 | ||||||
Bank of Communications Co., Ltd. (Class H) | 169,000 | 144,956 | ||||||
BBMG Corp. (Class H) | 32,500 | 29,972 | ||||||
Brilliance China Automotive Holdings, Ltd. | 78,000 | 150,305 | ||||||
China Agri-Industries Holdings, Ltd. | 52,000 | 20,121 | ||||||
China Cinda Asset Management Co., Ltd. (Class H) (a) | 39,000 | 19,316 | ||||||
China CITIC Bank Corp., Ltd. (Class H) | 169,000 | 127,300 | ||||||
China Coal Energy Co., Ltd. (Class H) | 52,000 | 28,706 | ||||||
China Communications Construction Co., Ltd. (Class H) | 78,000 | 109,861 | ||||||
China Communications Services Corp., Ltd. (Class H) | 182,000 | 80,753 | ||||||
China Construction Bank Corp. (Class H) | 1,167,394 | 969,685 |
See accompanying notes to financial statements.
277
SPDR MSCI Emerging Markets Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
China Everbright Bank Co., Ltd. (Class H) | 208,000 | $ | 114,556 | |||||
China Life Insurance Co., Ltd. (Class H) | 52,000 | 227,704 | ||||||
China Longyuan Power Group Corp. (Class H) | 13,000 | 14,135 | ||||||
China Merchants Bank Co., Ltd. (Class H) | 52,000 | 127,031 | ||||||
China Minsheng Banking Corp., Ltd. (Class H) | 97,800 | 119,458 | ||||||
China National Building Material Co., Ltd. (Class H) | 52,000 | 51,778 | ||||||
China Pacific Insurance Group Co., Ltd. (Class H) | 20,800 | 98,996 | ||||||
China Petroleum & Chemical Corp. (Class H) | 492,395 | 391,856 | ||||||
China Railway Construction Corp., Ltd. (Class H) | 39,000 | 58,251 | ||||||
China Railway Group, Ltd. (Class H) | 78,000 | 79,881 | ||||||
China Shenhua Energy Co., Ltd. (Class H) | 91,000 | 232,399 | ||||||
China Telecom Corp., Ltd. (Class H) | 208,000 | 133,336 | ||||||
China Vanke Co., Ltd. (Class H) (a) | 22,100 | 52,449 | ||||||
Chongqing Rural Commercial Bank Co., Ltd. (Class H) | 39,000 | 25,302 | ||||||
Country Garden Holdings Co., Ltd. | 52,266 | 21,100 | ||||||
Datang International Power Generation Co., Ltd. (Class H) | 52,000 | 26,627 | ||||||
Dongfeng Motor Group Co., Ltd. (Class H) | 78,000 | 125,153 | ||||||
Great Wall Motor Co., Ltd. (Class H) | 32,500 | 229,716 | ||||||
Guangzhou Automobile Group Co., Ltd. (Class H) | 26,000 | 24,883 | ||||||
Guangzhou R&F Properties Co., Ltd. (Class H) | 15,600 | 15,996 | ||||||
Haitian International Holdings, Ltd. | 13,000 | 29,846 | ||||||
Hengan International Group Co., Ltd. | 38,874 | 466,806 | ||||||
Huaneng Power International, Inc. (Class H) | 52,000 | 61,571 | ||||||
Industrial & Commercial Bank of China, Ltd. (Class H) | 1,141,448 | 842,131 | ||||||
Inner Mongolia Yitai Coal Co., Ltd. (Class B) | 64,200 | 93,732 | ||||||
Jiangsu Expressway Co., Ltd. (Class H) | 156,000 | 209,662 | ||||||
Jiangxi Copper Co., Ltd. (Class H) | 26,000 | 48,358 | ||||||
Kingsoft Corp., Ltd. | 13,000 | 38,146 | ||||||
Longfor Properties Co., Ltd. | 19,500 | 27,616 | ||||||
New China Life Insurance Co., Ltd. (Class H) | 500 | 2,793 | ||||||
Nine Dragons Paper Holdings, Ltd. | 26,000 | 16,265 | ||||||
People’s Insurance Co. Group of China, Ltd. (Class H) | 52,000 | 26,426 | ||||||
PetroChina Co., Ltd. (Class H) | 234,000 | 258,959 | ||||||
PICC Property & Casualty Co., Ltd. (Class H) | 26,180 | 51,732 | ||||||
Ping An Insurance Group Co. of China, Ltd. (Class H) | 12,000 | 144,253 | ||||||
Shanghai Electric Group Co., Ltd. (Class H) | 52,000 | 34,340 | ||||||
Shanghai Pharmaceuticals Holding Co., Ltd. (Class H) | 91,100 | 242,055 | ||||||
Shenzhou International Group Holdings, Ltd. | 52,000 | 234,746 | ||||||
Sihuan Pharmaceutical Holdings Group, Ltd. | 208,000 | 118,312 | ||||||
Sinopec Engineering Group Co., Ltd. (Class H) | 58,500 | 50,705 | ||||||
Sinopec Shanghai Petrochemical Co., Ltd. (Class H) | 78,000 | 29,075 | ||||||
Sinopharm Group Co., Ltd. (Class H) | 10,400 | 42,456 | ||||||
Soho China, Ltd. | 214,500 | 146,079 | ||||||
Tencent Holdings, Ltd. | 92,118 | 1,748,959 | ||||||
Tingyi Cayman Islands Holding Corp. | 78,000 | 167,810 | ||||||
Tsingtao Brewery Co., Ltd. (Class H) | 26,000 | 174,215 | ||||||
Want Want China Holdings, Ltd. | 182,000 | 193,196 | ||||||
Yanzhou Coal Mining Co., Ltd. (Class H) | 26,000 | 22,234 | ||||||
Zhejiang Expressway Co., Ltd. (Class H) | 182,000 | 241,319 | ||||||
Zhuzhou CSR Times Electric Co., Ltd. (Class H) | 13,000 | 85,347 | ||||||
Zijin Mining Group Co., Ltd. (Class H) | 78,000 | 24,749 | ||||||
ZTE Corp. (Class H) | 15,600 | 35,775 | ||||||
11,025,805 | ||||||||
COLOMBIA — 0.8% | ||||||||
Almacenes Exito SA | 3,383 | 32,557 | ||||||
Banco Davivienda SA Preference Shares | 11,399 | 111,018 | ||||||
BanColombia SA ADR | 599 | 23,559 | ||||||
Corp Financiera Colombiana SA | 3,310 | 45,463 | ||||||
Ecopetrol SA ADR | 9,903 | 150,724 | ||||||
Grupo Argos SA | 7,860 | 50,348 | ||||||
Grupo Argos SA/Colombia Preference Shares | 5,101 | 33,264 | ||||||
Grupo de Inversiones Suramericana SA | 2,564 | 33,124 | ||||||
Grupo de Inversiones Suramericana SA Preference Shares | 11,451 | 147,671 | ||||||
627,728 | ||||||||
CZECH REPUBLIC — 0.2% | ||||||||
CEZ AS | 1,405 | 34,362 | ||||||
Komercni Banka AS | 104 | 22,456 | ||||||
O2 Czech Republic AS | 12,766 | 102,049 | ||||||
158,867 | ||||||||
EGYPT — 0.5% | ||||||||
Commercial International Bank Egypt SAE GDR | 50,867 | 357,086 | ||||||
Telecom Egypt Co. | 15,537 | 22,766 | ||||||
379,852 | ||||||||
GREECE — 0.2% | ||||||||
Alpha Bank AE (a) | 22,902 | 6,764 | ||||||
FF Group (a) | 976 | 29,078 | ||||||
Hellenic Telecommunications Organization SA (a) | 1,952 | 17,296 | ||||||
National Bank of Greece SA (a) | 7,821 | 9,240 | ||||||
OPAP SA | 5,543 | 51,971 | ||||||
Piraeus Bank SA (a) | 11,777 | 4,541 |
See accompanying notes to financial statements.
278
SPDR MSCI Emerging Markets Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Public Power Corp. SA (a) | 1,523 | $ | 9,323 | |||||
128,213 | ||||||||
HONG KONG — 9.3% | ||||||||
AAC Technologies Holdings, Inc. | 32,500 | 200,582 | ||||||
Beijing Enterprises Holdings, Ltd. | 26,000 | 204,565 | ||||||
Beijing Enterprises Water Group, Ltd. (a) | 130,000 | 88,533 | ||||||
Belle International Holdings, Ltd. | 117,000 | 136,270 | ||||||
China Gas Holdings, Ltd. | 52,000 | 85,179 | ||||||
China Medical System Holdings, Ltd. | 77,000 | 118,384 | ||||||
China Mengniu Dairy Co., Ltd. | 39,000 | 207,247 | ||||||
China Mobile, Ltd. | 168,497 | 2,199,379 | ||||||
China Overseas Land & Investment, Ltd. | 104,000 | 336,023 | ||||||
China Pharmaceutical Group, Ltd. | 52,000 | 43,998 | ||||||
China Resources Enterprise, Ltd. | 26,000 | 50,974 | ||||||
China Resources Gas Group, Ltd. | 104,000 | 323,279 | ||||||
China Resources Land, Ltd. | 26,444 | 74,696 | ||||||
China Resources Power Holdings Co., Ltd. | 52,000 | 130,519 | ||||||
China Taiping Insurance Holdings Co., Ltd. (a) | 15,610 | 53,254 | ||||||
China Unicom (Hong Kong), Ltd. | 52,000 | 79,143 | ||||||
CITIC, Ltd. | 26,000 | 44,535 | ||||||
CNOOC, Ltd. | 169,000 | 238,905 | ||||||
COSCO Pacific, Ltd. | 26,000 | 34,072 | ||||||
Evergrande Real Estate Group, Ltd. | 78,000 | 39,337 | ||||||
Fosun International, Ltd. | 13,000 | 25,185 | ||||||
GCL Poly Energy Holdings, Ltd. (a) | 65,000 | 17,187 | ||||||
Geely Automobile Holdings, Ltd. | 130,000 | 66,903 | ||||||
GOME Electrical Appliances Holding, Ltd. | 117,000 | 16,902 | ||||||
Guangdong Investment, Ltd. | 208,000 | 272,574 | ||||||
Haier Electronics Group Co., Ltd. | 39,000 | 102,115 | ||||||
Hanergy Thin Film Power Group, Ltd. (a) | 598,000 | 538,374 | ||||||
Kingboard Chemical Holdings, Ltd. | 13,000 | 20,591 | ||||||
Kunlun Energy Co., Ltd. | 52,000 | 50,504 | ||||||
Lenovo Group, Ltd. | 336,915 | 491,920 | ||||||
New World China Land, Ltd. | 26,000 | 16,633 | ||||||
Shimao Property Holdings, Ltd. | 13,000 | 27,331 | ||||||
Sino Biopharmaceutical, Ltd. | 208,000 | 210,601 | ||||||
Sino-Ocean Land Holdings, Ltd. | 39,000 | 23,592 | ||||||
Sun Art Retail Group, Ltd. | 350,332 | 305,008 | ||||||
Uni-President China Holdings, Ltd. | 52,000 | 34,407 | ||||||
Yuexiu Property Co., Ltd. | 104,000 | 20,389 | ||||||
6,929,090 | ||||||||
HUNGARY — 0.1% | ||||||||
MOL Hungarian Oil and Gas PLC | 638 | 27,696 | ||||||
OTP Bank PLC | 2,043 | 38,813 | ||||||
Richter Gedeon NyRt | 1,015 | 13,997 | ||||||
80,506 | ||||||||
INDIA — 6.7% | ||||||||
Dr. Reddy’s Laboratories, Ltd. ADR | 10,314 | 588,929 | ||||||
GAIL India, Ltd, GDR | 8,419 | 312,766 | ||||||
ICICI Bank, Ltd. ADR | 17,138 | 177,550 | ||||||
Infosys, Ltd. ADR | 42,315 | 1,484,410 | ||||||
Larsen & Toubro, Ltd. GDR | 11,152 | 311,141 | ||||||
Mahindra & Mahindra, Ltd. GDR | 17,359 | 332,425 | ||||||
Reliance Industries, Ltd. GDR (b) | 13,559 | 358,635 | ||||||
State Bank of India GDR | 8,238 | 348,467 | ||||||
Tata Motors, Ltd. ADR | 7,847 | 353,586 | ||||||
Tata Steel, Ltd. GDR | 23,709 | 120,916 | ||||||
Wipro, Ltd. ADR | 43,928 | 585,121 | ||||||
4,973,946 | ||||||||
INDONESIA — 4.9% | ||||||||
Adaro Energy Tbk PT | 173,100 | 12,577 | ||||||
Astra Agro Lestari Tbk PT | 32,500 | 60,402 | ||||||
Astra International Tbk PT | 455,400 | 298,666 | ||||||
Bank Central Asia Tbk PT | 659,025 | 747,231 | ||||||
Bank Danamon Indonesia Tbk PT | 212,500 | 83,294 | ||||||
Bank Mandiri Persero Tbk PT | 333,100 | 317,814 | ||||||
Bank Negara Indonesia Persero Tbk PT | 287,600 | 158,922 | ||||||
Bank Rakyat Indonesia Persero Tbk PT | 300,600 | 305,198 | ||||||
Bumi Serpong Damai Tbk PT | 166,600 | 27,204 | ||||||
Charoen Pokphand Indonesia Tbk PT | 179,600 | 48,695 | ||||||
Gudang Garam Tbk PT | 6,500 | 25,354 | ||||||
Indo Tambangraya Megah Tbk PT | 13,000 | 16,803 | ||||||
Indocement Tunggal Prakarsa Tbk PT | 45,500 | 76,297 | ||||||
Indofood CBP Sukses Makmur Tbk PT | 26,000 | 29,182 | ||||||
Indofood Sukses Makmur Tbk PT | 83,300 | 47,463 | ||||||
Jasa Marga Persero Tbk PT | 268,100 | 147,634 | ||||||
Kalbe Farma Tbk PT | 736,500 | 105,053 | ||||||
Media Nusantara Citra Tbk PT | 115,800 | 25,374 | ||||||
Perusahaan Gas Negara Persero Tbk PT | 357,900 | 131,390 | ||||||
Semen Indonesia Persero Tbk PT | 76,800 | 80,177 | ||||||
Surya Citra Media Tbk PT | 122,300 | 31,756 | ||||||
Tambang Batubara Bukit Asam Persero Tbk PT | 19,500 | 16,033 | ||||||
Telekomunikasi Indonesia Persero Tbk PT | 2,005,660 | 443,316 | ||||||
Unilever Indonesia Tbk PT | 109,300 | 331,453 | ||||||
United Tractors Tbk PT | 39,000 | 65,025 | ||||||
3,632,313 | ||||||||
MALAYSIA — 4.3% | ||||||||
AMMB Holdings Bhd | 9,100 | 15,627 | ||||||
Astro Malaysia Holdings Bhd | 19,500 | 16,849 | ||||||
Axiata Group Bhd | 128,800 | 246,228 | ||||||
Berjaya Sports Toto Bhd | 65,100 | 59,062 | ||||||
British American Tobacco Malaysia Bhd | 3,900 | 72,303 | ||||||
CIMB Group Holdings Bhd | 28,632 | 48,087 | ||||||
Digi.Com Bhd | 75,500 | 128,433 | ||||||
Genting Bhd | 10,400 | 25,273 | ||||||
Genting Malaysia Bhd | 15,600 | 17,818 | ||||||
Hong Leong Bank Bhd | 53,400 | 205,612 | ||||||
IHH Healthcare Bhd | 217,300 | 352,632 | ||||||
IJM Corp. Bhd | 9,100 | 17,691 | ||||||
IOI Corp. Bhd | 78,100 | 96,795 | ||||||
IOI Properties Group Bhd | 27,300 | 16,070 | ||||||
Kuala Lumpur Kepong Bhd | 2,600 | 15,992 | ||||||
Malayan Banking Bhd | 148,343 | 373,711 | ||||||
Maxis Bhd | 170,500 | 331,010 | ||||||
MISC Bhd | 10,400 | 23,841 | ||||||
Petronas Chemicals Group Bhd | 105,400 | 160,512 | ||||||
Petronas Dagangan Bhd | 9,100 | 49,143 | ||||||
Petronas Gas Bhd | 37,700 | 234,334 | ||||||
PPB Group Bhd | 3,900 | 16,196 | ||||||
Public Bank Bhd | 79,360 | 404,568 |
See accompanying notes to financial statements.
279
SPDR MSCI Emerging Markets Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
RHB Capital Bhd | 7,808 | $ | 16,698 | |||||
SapuraKencana Petroleum Bhd | 14,300 | 9,112 | ||||||
Sime Darby Bhd | 45,617 | 114,181 | ||||||
Telekom Malaysia Bhd | 9,111 | 17,885 | ||||||
Tenaga Nasional Bhd | 26,000 | 100,813 | ||||||
UMW Holdings Bhd | 5,200 | 15,220 | ||||||
YTL Corp. Bhd | 35,100 | 15,827 | ||||||
3,217,523 | ||||||||
MEXICO — 2.5% | ||||||||
Alfa SAB de CV (Class A) (a) | 11,529 | 23,309 | ||||||
America Movil SAB de CV (Series L) | 186,590 | 191,805 | ||||||
Arca Continental SAB de CV (a) | 5,127 | 31,531 | ||||||
Cemex SAB de CV (a) | 38,440 | 36,512 | ||||||
Coca-Cola FEMSA SAB de CV (Series L) | 5,127 | 40,978 | ||||||
El Puerto de Liverpool SAB de CV (a) | 21,783 | 257,391 | ||||||
Fibra Uno Administracion SA de CV REIT | 8,966 | 23,783 | ||||||
Fomento Economico Mexicano SAB de CV (a) | 6,415 | 60,262 | ||||||
Genomma Lab Internacional SAB de CV (Class B) (a) | 16,656 | 15,799 | ||||||
Gentera SAB de CV (a) | 25,622 | 46,201 | ||||||
Grupo Aeroportuario del Pacifico SAB de CV (Class B) | 10,254 | 67,309 | ||||||
Grupo Aeroportuario del Sureste SAB de CV (Class B) (a) | 3,839 | 51,791 | ||||||
Grupo Bimbo SAB de CV (a) | 6,415 | 18,216 | ||||||
Grupo Carso SAB de CV | 14,093 | 58,641 | ||||||
Grupo Financiero Banorte SAB de CV | 10,254 | 59,582 | ||||||
Grupo Financiero Inbursa SAB de CV | 51,257 | 129,604 | ||||||
Grupo Financiero Santander Mexico SAB de CV (Class B) | 10,254 | 22,447 | ||||||
Grupo Mexico SAB de CV (Series B) | 38,382 | 113,501 | ||||||
Grupo Televisa SAB (a) | 6,415 | 42,446 | ||||||
Industrias Penoles SAB de CV | 768 | 13,380 | ||||||
Kimberly-Clark de Mexico SAB de CV (Class A) | 35,876 | 75,311 | ||||||
Mexichem SAB de CV | 5,127 | 13,408 | ||||||
OHL Mexico SAB de CV (a) | 6,415 | 12,216 | ||||||
Promotora y Operadora de Infraestructura SAB de CV (a) | 5,127 | 54,759 | ||||||
Wal-Mart de Mexico SAB de CV | 171,795 | 429,762 | ||||||
1,889,944 | ||||||||
PERU — 0.7% | ||||||||
Compania de Minas Buenaventura SA ADR | 5,127 | 51,936 | ||||||
Credicorp, Ltd. | 2,544 | 357,763 | ||||||
Southern Copper Corp. | 3,839 | 112,022 | ||||||
521,721 | ||||||||
PHILIPPINES — 1.9% | ||||||||
Aboitiz Equity Ventures, Inc. | 15,090 | 19,580 | ||||||
Aboitiz Power Corp. | 134,000 | 133,400 | ||||||
Bank of the Philippine Islands | 100,850 | 226,743 | ||||||
BDO Unibank, Inc. | 44,240 | 122,427 | ||||||
DMCI Holdings, Inc. | 84,550 | 29,318 | ||||||
International Container Terminal Services, Inc. | 40,080 | 96,838 | ||||||
JG Summit Holdings, Inc. | 16,660 | 27,021 | ||||||
Jollibee Foods Corp. | 30,840 | 151,785 | ||||||
Metropolitan Bank & Trust | 42,671 | 93,122 | ||||||
Philippine Long Distance Telephone Co. | 6,419 | 410,127 | ||||||
SM Investments Corp. | 1,170 | 23,544 | ||||||
Universal Robina Corp. | 17,570 | 88,833 | ||||||
1,422,738 | ||||||||
POLAND — 0.9% | ||||||||
Bank Pekao SA | 690 | 33,449 | ||||||
Bank Zachodni WBK SA | 664 | 60,419 | ||||||
Enea SA | 3,631 | 15,821 | ||||||
Energa SA | 3,019 | 19,827 | ||||||
Eurocash SA | 2,160 | 18,652 | ||||||
Grupa Lotos SA (a) | 2,186 | 15,613 | ||||||
KGHM Polska Miedz SA | 1,861 | 58,900 | ||||||
LPP SA | 26 | 48,514 | ||||||
mBank | 117 | 13,589 | ||||||
Orange Polska SA | 5,843 | 14,686 | ||||||
PGE Polska Grupa Energetyczna SA | 6,402 | 35,189 | ||||||
Polski Koncern Naftowy Orlen SA | 5,400 | 84,386 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo SA | 13,104 | 19,009 | ||||||
Powszechna Kasa Oszczednosci Bank Polski SA | 5,205 | 46,675 | ||||||
Powszechny Zaklad Ubezpieczen SA | 1,483 | 191,266 | ||||||
Tauron Polska Energia SA | 16,344 | 19,010 | ||||||
695,005 | ||||||||
QATAR — 1.1% | ||||||||
Commercial Bank of Qatar QSC | 7,572 | 114,373 | ||||||
Doha Bank QSC | 3,644 | 50,338 | ||||||
Industries Qatar QSC | 4,724 | 180,333 | ||||||
Masraf Al Rayan QSC | 1,405 | 18,386 | ||||||
Ooredoo QSC | 1,718 | 47,040 | ||||||
Qatar Electricity & Water Co. QSC | 3,566 | 191,264 | ||||||
Qatar Islamic Bank SAQ | 3,735 | 101,959 | ||||||
Qatar National Bank SAQ | 2,264 | 120,311 | ||||||
824,004 | ||||||||
RUSSIA — 3.9% | ||||||||
AK Transneft OAO (a) | 52 | 110,625 | ||||||
Alrosa AO (a) | 50,021 | 60,651 | ||||||
Gazprom OAO ADR | 145,548 | 691,935 | ||||||
Lukoil OAO ADR | 11,519 | 533,560 | ||||||
Magnit PJSC GDR | 6,168 | 314,876 | ||||||
MegaFon OAO GDR | 2,446 | 39,136 | ||||||
MMC Norilsk Nickel OJSC ADR | 2,681 | 47,628 | ||||||
Mobile Telesystems OJSC ADR | 14,093 | 142,339 | ||||||
Moscow Exchange MICEX-RTS OAO | 25,557 | 29,902 | ||||||
NovaTek OAO GDR | 2,004 | 150,300 | ||||||
Rosneft OAO GDR | 28,576 | 123,020 | ||||||
Rostelecom OJSC ADR | 1,666 | 13,228 | ||||||
RusHydro JSC ADR | 14,743 | 14,271 | ||||||
Sberbank of Russia ADR | 31,062 | 136,487 | ||||||
Sberbank Preference Shares (a) | 12,883 | 10,036 | ||||||
Severstal PAO GDR | 2,186 | 24,549 | ||||||
Sistema JSFC GDR | 2,160 | 15,984 |
See accompanying notes to financial statements.
280
SPDR MSCI Emerging Markets Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Surgutneftegas OAO ADR | 10,762 | $ | 66,294 | |||||
Surgutneftegas OAO ADR Preference Shares | 14,366 | 108,248 | ||||||
Tatneft OAO ADR | 6,637 | 197,716 | ||||||
Uralkali PJSC GDR | 1,158 | 15,459 | ||||||
VTB Bank OJSC GDR | 39,207 | 79,120 | ||||||
2,925,364 | ||||||||
SOUTH AFRICA — 7.1% | ||||||||
African Bank Investments, Ltd. (a)(c) | 1,693 | 43 | ||||||
African Rainbow Minerals, Ltd. | 2,511 | 20,492 | ||||||
AngloGold Ashanti, Ltd. (a) | 3,071 | 29,576 | ||||||
Aspen Pharmacare Holdings, Ltd. (a) | 2,082 | 65,985 | ||||||
Assore, Ltd. | 885 | 9,715 | ||||||
Barclays Africa Group, Ltd. | 2,056 | 31,393 | ||||||
Barloworld, Ltd. | 1,861 | 14,254 | ||||||
Bidvest Group, Ltd. | 9,473 | 256,976 | ||||||
Coronation Fund Managers, Ltd. | 6,350 | 51,492 | ||||||
Discovery, Ltd. | 13,312 | 137,116 | ||||||
Exxaro Resources, Ltd. | 1,431 | 11,870 | ||||||
FirstRand, Ltd. | 79,729 | 367,446 | ||||||
Foschini Group, Ltd. | 7,274 | 108,405 | ||||||
Gold Fields, Ltd. | 6,519 | 27,612 | ||||||
Growthpoint Properties, Ltd. REIT | 17,710 | 41,906 | ||||||
Impala Platinum Holdings, Ltd. (a) | 2,642 | 12,828 | ||||||
Imperial Holdings, Ltd. | 4,607 | 73,351 | ||||||
Investec, Ltd. | 2,225 | 18,457 | ||||||
Kumba Iron Ore, Ltd. | 1,978 | 25,467 | ||||||
Liberty Holdings, Ltd. | 5,101 | 70,666 | ||||||
Life Healthcare Group Holdings, Ltd. | 51,075 | 178,354 | ||||||
Massmart Holdings, Ltd. | 2,824 | 34,961 | ||||||
Mediclinic International, Ltd. | 2,511 | 25,282 | ||||||
MMI Holdings, Ltd. | 7,586 | 20,549 | ||||||
Mr. Price Group, Ltd. | 8,927 | 191,570 | ||||||
MTN Group, Ltd. | 39,404 | 666,693 | ||||||
Naspers, Ltd. (Class N) | 338 | 52,166 | ||||||
Nedbank Group, Ltd. | 6,298 | 123,598 | ||||||
Netcare, Ltd. | 20,586 | 70,850 | ||||||
Pick n Pay Stores, Ltd. | 12,583 | 51,355 | ||||||
PPC, Ltd. | 25,258 | 38,211 | ||||||
Rand Merchant Insurance Holdings, Ltd. | 14,249 | 54,403 | ||||||
Redefine Properties, Ltd. | 100,862 | 103,224 | ||||||
Remgro, Ltd. | 1,431 | 31,393 | ||||||
RMB Holdings, Ltd. | 17,281 | 99,668 | ||||||
Sanlam, Ltd. | 42,070 | 272,116 | ||||||
Sappi, Ltd. (a) | 5,635 | 22,756 | ||||||
Sasol, Ltd. | 15,205 | 517,243 | ||||||
Shoprite Holdings, Ltd. | 19,207 | 260,405 | ||||||
Spar Group, Ltd. | 10,723 | 167,001 | ||||||
Standard Bank Group, Ltd. | 29,292 | 406,153 | ||||||
Steinhoff International Holdings, Ltd. | 9,018 | 56,588 | ||||||
Tiger Brands, Ltd. | 5,153 | 129,881 | ||||||
Truworths International, Ltd. | 19,012 | 138,492 | ||||||
Vodacom Group, Ltd. | 18,934 | 207,354 | ||||||
Woolworths Holdings, Ltd. | 2,199 | 15,636 | ||||||
5,310,952 | ||||||||
SOUTH KOREA — 14.5% | ||||||||
AmorePacific Corp. | 117 | 353,810 | ||||||
AmorePacific Group | 78 | 105,458 | ||||||
BS Financial Group, Inc. | 1,796 | 24,606 | ||||||
Cheil Worldwide, Inc. (a) | 1,796 | 38,933 | ||||||
CJ CheilJedang Corp. | 221 | 75,297 | ||||||
CJ Corp. | 208 | 32,997 | ||||||
Coway Co., Ltd. | 1,158 | 95,504 | ||||||
Daelim Industrial Co., Ltd. | 312 | 18,167 | ||||||
Daewoo International Corp. | 638 | 15,268 | ||||||
Daewoo Securities Co., Ltd. | 2,316 | 27,033 | ||||||
Daewoo Shipbuilding & Marine Engineering Co., Ltd. | 1,028 | 16,771 | ||||||
DGB Financial Group, Inc. | 1,693 | 18,464 | ||||||
Dongbu Insurance Co., Ltd. | 4,385 | 195,447 | ||||||
Doosan Corp. | 156 | 16,381 | ||||||
Doosan Heavy Industries & Construction Co., Ltd. | 768 | 19,590 | ||||||
Doosan Infracore Co., Ltd. (a) | 1,536 | 16,475 | ||||||
E-Mart Co., Ltd. | 364 | 76,445 | ||||||
GS Engineering & Construction Corp. (a) | 508 | 13,828 | ||||||
GS Holdings Corp. | 638 | 24,670 | ||||||
Halla Visteon Climate Control Corp. | 898 | 31,081 | ||||||
Hana Financial Group, Inc. | 4,112 | 106,557 | ||||||
Hankook Tire Co., Ltd. | 508 | 20,765 | ||||||
Hanwha Chemical Corp. | 1,028 | 13,528 | ||||||
Hanwha Corp. | 1,158 | 37,941 | ||||||
Hanwha Life Insurance Co., Ltd. | 2,954 | 19,623 | ||||||
Hyosung Corp. | 325 | 25,398 | ||||||
Hyundai Department Store Co., Ltd. | 156 | 20,951 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 612 | 27,802 | ||||||
Hyundai Glovis Co., Ltd. | 299 | 60,908 | ||||||
Hyundai Heavy Industries Co., Ltd. (a) | 651 | 71,587 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 7,066 | 157,949 | ||||||
Hyundai Mobis Co., Ltd. | 1,751 | 389,041 | ||||||
Hyundai Motor Co. | 1,301 | 197,592 | ||||||
Hyundai Motor Co. Preference Shares (d) | 364 | 36,418 | ||||||
Hyundai Motor Co. Preference Shares (d) | 586 | 60,214 | ||||||
Hyundai Motor Co., GDR (a) | 1,262 | 62,469 | ||||||
Hyundai Steel Co. | 742 | 48,822 | ||||||
Hyundai Wia Corp. | 521 | 66,449 | ||||||
Industrial Bank of Korea | 3,214 | 38,674 | ||||||
Kangwon Land, Inc. | 7,326 | 228,803 | ||||||
KB Financial Group, Inc. ADR (a) | 5,582 | 196,151 | ||||||
KCC Corp. | 39 | 19,896 | ||||||
KEPCO Plant Service & Engineering Co., Ltd. | 794 | 69,849 | ||||||
Kia Motors Corp. | 2,850 | 116,112 | ||||||
Korea Electric Power Corp. ADR (a) | 7,678 | 157,399 | ||||||
Korea Gas Corp. | 508 | 18,544 | ||||||
Korea Investment Holdings Co., Ltd. | 508 | 28,801 | ||||||
Korea Zinc Co., Ltd. | 195 | 74,523 | ||||||
Korean Air Lines Co., Ltd. (a) | 758 | 33,170 | ||||||
KT Corp. ADR (a) | 12,297 | 160,845 | ||||||
KT&G Corp. | 5,588 | 446,758 | ||||||
LG Chem, Ltd. | 286 | 58,259 | ||||||
LG Chem, Ltd. Preference Shares | 130 | 17,811 | ||||||
LG Corp. | 703 | 38,843 |
See accompanying notes to financial statements.
281
SPDR MSCI Emerging Markets Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
LG Display Co., Ltd. ADR | 5,387 | $ | 77,088 | |||||
LG Electronics, Inc. | 1,080 | 57,337 | ||||||
LG Household & Health Care, Ltd. | 247 | 187,234 | ||||||
LG Uplus Corp. | 2,446 | 24,252 | ||||||
Lotte Chemical Corp. | 182 | 33,383 | ||||||
Lotte Shopping Co., Ltd. | 260 | 55,658 | ||||||
LS Corp. | 299 | 14,014 | ||||||
NAVER Corp. | 804 | 486,263 | ||||||
NCSoft Corp. | 325 | 53,168 | ||||||
OCI Co., Ltd. | 117 | 10,915 | ||||||
Orion Corp. | 117 | 122,120 | ||||||
POSCO ADR | 3,383 | 184,915 | ||||||
S-Oil Corp. | 573 | 33,209 | ||||||
S1 Corp. | 2,082 | 157,447 | ||||||
Samsung C&T Corp. | 924 | 49,471 | ||||||
Samsung Card Co., Ltd. | 508 | 18,796 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 703 | 48,727 | ||||||
Samsung Electronics Co., Ltd. GDR | 4,243 | 2,732,492 | ||||||
Samsung Electronics Co., Ltd. GDR Preference Shares | 1,077 | 532,684 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 833 | 200,845 | ||||||
Samsung Heavy Industries Co., Ltd. | 1,796 | 29,220 | ||||||
Samsung Life Insurance Co., Ltd. | 1,770 | 154,274 | ||||||
Samsung SDI Co., Ltd. | 431 | 53,028 | ||||||
Samsung Securities Co., Ltd. | 508 | 23,810 | ||||||
Shinhan Financial Group Co., Ltd. ADR (a) | 4,489 | 167,440 | ||||||
Shinsegae Co., Ltd. | 91 | 13,821 | ||||||
SK C&C Co., Ltd. | 586 | 122,804 | ||||||
SK Holdings Co., Ltd. | 950 | 145,568 | ||||||
SK Hynix, Inc. | 2,316 | 95,087 | ||||||
SK Innovation Co., Ltd. (a) | 1,171 | 100,693 | ||||||
SK Networks Co., Ltd. | 2,316 | 17,034 | ||||||
SK Telecom Co., Ltd. ADR | 8,875 | 241,489 | ||||||
Woori Bank | 5,648 | 47,752 | ||||||
Yuhan Corp. | 1,028 | 173,271 | ||||||
10,809,986 | ||||||||
SPAIN — 0.0% (e) | ||||||||
Cemex Latam Holdings SA (a) | 4,268 | 22,180 | ||||||
TAIWAN — 13.6% | ||||||||
Acer, Inc. (a) | 39,258 | 25,344 | ||||||
Advanced Semiconductor Engineering, Inc. | 52,000 | 70,214 | ||||||
Advantech Co., Ltd. | 24,867 | 189,542 | ||||||
Asia Cement Corp. | 130,200 | 163,738 | ||||||
Asustek Computer, Inc. | 26,000 | 261,745 | ||||||
AU Optronics Corp. | 117,000 | 58,893 | ||||||
Cathay Financial Holding Co., Ltd. | 26,100 | 41,707 | ||||||
Chang Hwa Commercial Bank, Ltd. | 39,060 | 22,595 | ||||||
Cheng Shin Rubber Industry Co., Ltd. | 13,000 | 29,872 | ||||||
Chicony Electronics Co., Ltd. | 52,020 | 145,969 | ||||||
China Airlines, Ltd. (a) | 260,000 | 133,365 | ||||||
China Development Financial Holding Corp. | 104,000 | 36,063 | ||||||
China Life Insurance Co., Ltd. | 26,200 | 22,817 | ||||||
China Steel Corp. | 286,440 | 238,013 | ||||||
Chunghwa Telecom Co., Ltd. | 142,540 | 453,267 | ||||||
Compal Electronics, Inc. | 78,000 | 64,938 | ||||||
CTBC Financial Holding Co., Ltd. | 91,258 | 60,664 | ||||||
Delta Electronics, Inc. | 52,000 | 328,220 | ||||||
E.Sun Financial Holding Co., Ltd. | 39,267 | 24,032 | ||||||
Eva Airways Corp. (a) | 52,589 | 38,572 | ||||||
Far Eastern New Century Corp. | 26,040 | 26,881 | ||||||
Far EasTone Telecommunications Co., Ltd. | 168,449 | 406,453 | ||||||
First Financial Holding Co., Ltd | 208,050 | 123,673 | ||||||
Formosa Chemicals & Fibre Corp. | 26,000 | 59,661 | ||||||
Formosa International Hotels Corp. | 6,000 | 63,375 | ||||||
Formosa Petrochemical Corp. | 52,000 | 113,838 | ||||||
Formosa Plastics Corp. | 52,000 | 126,136 | ||||||
Formosa Taffeta Co., Ltd. | 65,000 | 68,448 | ||||||
Foxconn Technology Co., Ltd. | 64,763 | 173,860 | ||||||
Fubon Financial Holding Co., Ltd. | 26,000 | 46,699 | ||||||
Giant Manufacturing Co., Ltd. | 13,000 | 125,471 | ||||||
Hon Hai Precision Industry Co., Ltd. | 116,960 | 342,395 | ||||||
HTC Corp. (a) | 39,000 | 173,873 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 325,750 | 186,351 | ||||||
Innolux Corp. | 142,751 | 71,398 | ||||||
Inotera Memories, Inc. (a) | 53,000 | 70,717 | ||||||
Inventec Corp. | 26,000 | 18,821 | ||||||
Kinsus Interconnect Technology Corp. | 26,000 | 83,509 | ||||||
Largan Precision Co., Ltd. | 3,000 | 258,389 | ||||||
Lite-On Technology Corp. | 169,065 | 219,098 | ||||||
MediaTek, Inc. | 32,877 | 444,980 | ||||||
Mega Financial Holding Co., Ltd. | 78,000 | 64,688 | ||||||
Nan Ya Plastics Corp. | 13,000 | 28,875 | ||||||
Novatek Microelectronics Corp. | 13,000 | 67,306 | ||||||
Pegatron Corp. | 26,000 | 70,380 | ||||||
Pou Chen Corp. | 26,000 | 36,395 | ||||||
Powertech Technology, Inc. | 13,000 | 22,394 | ||||||
President Chain Store Corp. | 39,000 | 293,528 | ||||||
Quanta Computer, Inc. | 26,000 | 62,819 | ||||||
Radiant Opto-Electronics Corp. | 13,000 | 40,467 | ||||||
Ruentex Industries, Ltd. | 13,000 | 28,460 | ||||||
ScinoPharm Taiwan, Ltd. | 26,080 | 41,300 | ||||||
Shin Kong Financial Holding Co., Ltd. | 65,271 | 18,545 | ||||||
Siliconware Precision Industries Co., Ltd. | 13,000 | 21,646 | ||||||
Simplo Technology Co., Ltd. | 13,000 | 65,436 | ||||||
SinoPac Financial Holdings Co., Ltd. | 52,556 | 21,919 | ||||||
Standard Foods Corp. | 13,090 | 33,719 | ||||||
Synnex Technology International Corp. | 78,000 | 105,446 | ||||||
Taishin Financial Holding Co., Ltd. | 65,496 | 27,839 | ||||||
Taiwan Business Bank (a) | 65,200 | 19,795 | ||||||
Taiwan Cement Corp. | 78,000 | 109,933 | ||||||
Taiwan Cooperative Financial Holding Co., Ltd. | 628,730 | 318,484 | ||||||
Taiwan Mobile Co., Ltd. | 142,542 | 498,829 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 445,495 | 2,071,573 | ||||||
Teco Electric & Machinery Co., Ltd. | 13,000 | 12,381 | ||||||
Transcend Information, Inc. | 26,000 | 92,234 | ||||||
U-Ming Marine Transport Corp. | 65,000 | 96,181 | ||||||
Uni-President Enterprises Corp. | 26,120 | 43,742 | ||||||
Unimicron Technology Corp. | 26,000 | 16,868 | ||||||
United Microelectronics Corp. | 156,000 | 77,277 | ||||||
Walsin Lihwa Corp. (a) | 65,000 | 20,046 |
See accompanying notes to financial statements.
282
SPDR MSCI Emerging Markets Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Wistron Corp. | 52,080 | $ | 44,274 | |||||
WPG Holdings, Ltd. | 13,000 | 16,743 | ||||||
Yuanta Financial Holding Co., Ltd. | 52,100 | 26,225 | ||||||
10,129,343 | ||||||||
THAILAND — 1.8% | ||||||||
Advanced Info Service PCL | 41,600 | 302,987 | ||||||
Bangkok Bank PCL NVDR | 29,900 | 169,531 | ||||||
Bangkok Dusit Medical Services PCL | 158,800 | 96,139 | ||||||
Banpu PCL | 20,800 | 18,857 | ||||||
BEC World PCL (c) | 29,900 | 37,673 | ||||||
Bumrungrad Hospital PCL | 7,800 | 36,435 | ||||||
Charoen Pokphand Foods PCL | 22,100 | 15,281 | ||||||
CP ALL PCL | 88,500 | 111,509 | ||||||
Home Product Center PCL | 91,087 | 22,814 | ||||||
IRPC PCL | 173,100 | 22,874 | ||||||
Kasikornbank PCL NVDR | 20,800 | 146,380 | ||||||
Krung Thai Bank PCL | 35,100 | 24,594 | ||||||
PTT Exploration & Production PCL | 18,200 | 60,965 | ||||||
PTT Global Chemical PCL | 14,300 | 22,962 | ||||||
PTT PCL | 19,500 | 193,562 | ||||||
Siam Cement PCL NVDR | 1,300 | 20,455 | ||||||
Siam Commercial Bank PCL | 9,100 | 49,779 | ||||||
Thai Oil PCL | 13,000 | 20,774 | ||||||
1,373,571 | ||||||||
TURKEY — 0.7% | ||||||||
Akbank TAS | 14,340 | 42,250 | ||||||
Anadolu Efes Biracilik Ve Malt Sanayii AS (a) | 1,523 | 12,728 | ||||||
BIM Birlesik Magazalar AS | 6,324 | 112,280 | ||||||
Emlak Konut Gayrimenkul Yatirim Ortakligi AS REIT | 14,483 | 16,455 | ||||||
Eregli Demir ve Celik Fabrikalari TAS | 12,987 | 20,207 | ||||||
Ford Otomotiv Sanayi AS | 1,783 | 23,039 | ||||||
Haci Omer Sabanci Holding AS | 6,155 | 21,761 | ||||||
KOC Holding AS | 6,402 | 29,218 | ||||||
Tupras-Turkiye Petrol Rafinerileri AS | 1,262 | 29,964 | ||||||
Turk Hava Yollari AO (a) | 5,804 | 19,201 | ||||||
Turkcell Iletisim Hizmetleri AS (a) | 4,852 | 24,947 | ||||||
Turkiye Garanti Bankasi AS | 18,127 | 59,551 | ||||||
Turkiye Halk Bankasi AS | 6,155 | 30,461 | ||||||
Turkiye Is Bankasi (Class C) | 16,643 | 37,625 | ||||||
Turkiye Vakiflar Bankasi Tao (Class D) | 9,109 | 14,945 | ||||||
Yapi ve Kredi Bankasi AS | 9,096 | 14,013 | ||||||
508,645 | ||||||||
UNITED ARAB EMIRATES — 1.0% | ||||||||
Aldar Properties PJSC | 62,604 | 40,396 | ||||||
DP World, Ltd. | 9,226 | 199,282 | ||||||
Dubai Financial Market PJSC | 42,187 | 17,344 | ||||||
Dubai Islamic Bank PJSC | 19,988 | 33,740 | ||||||
Emaar Properties PJSC | 24,959 | 44,850 | ||||||
First Gulf Bank PJSC | 45,405 | 180,488 | ||||||
National Bank of Abu Dhabi PJSC | 66,431 | 215,233 | ||||||
731,333 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $73,502,673) | 74,219,052 | |||||||
RIGHTS — 0.0% (e) | ||||||||
SOUTH AFRICA — 0.0% (e) | ||||||||
Discovery, Ltd. (expiring 4/2/15) (a) (Cost $0) | 1,250 | 3,590 | ||||||
SHORT TERM INVESTMENT — 0.3% | ||||||||
UNITED STATES — 0.3% | ||||||||
MONEY MARKET FUND — 0.3% | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) (Cost $181,570) | 181,570 | 181,570 | ||||||
TOTAL INVESTMENTS — 99.6% | ||||||||
(Cost $73,684,243) | 74,404,212 | |||||||
OTHER ASSETS & LIABILITIES — 0.4% | 322,476 | |||||||
NET ASSETS — 100.0% | $ | 74,726,688 | ||||||
(a) | Non-income producing security | |||||
(b) | 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, 2015, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(c) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees (see accompanying Notes to Schedules of Investments). | |||||
(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) | 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
NVDR = Non Voting Depositary Receipt
OJSC = Open Joint Stock Company
PCL = Public Company Limited
PJSC = Public Joint Stock Company
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
283
SPDR MSCI World Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AUSTRALIA — 1.5% | ||||||||
AGL Energy, Ltd. | 87 | $ | 1,010 | |||||
Amcor, Ltd. | 301 | 3,229 | ||||||
AMP, Ltd. | 223 | 1,097 | ||||||
Aurizon Holdings, Ltd. | 235 | 871 | ||||||
Australia & New Zealand Banking Group, Ltd. | 186 | 5,206 | ||||||
BHP Billiton, Ltd. | 192 | 4,551 | ||||||
Brambles, Ltd. | 412 | 3,626 | ||||||
Cochlear, Ltd. | 19 | 1,314 | ||||||
Commonwealth Bank of Australia | 87 | 6,208 | ||||||
CSL, Ltd. | 193 | 13,582 | ||||||
Flight Centre Travel Group, Ltd. | 24 | 727 | ||||||
Fortescue Metals Group, Ltd. | 264 | 395 | ||||||
Insurance Australia Group, Ltd. | 203 | 946 | ||||||
Lend Lease Group | 85 | 1,081 | ||||||
Macquarie Group, Ltd. | 20 | 1,171 | ||||||
National Australia Bank, Ltd. | 168 | 4,948 | ||||||
Newcrest Mining, Ltd. (a) | 109 | 1,113 | ||||||
Orica, Ltd. | 58 | 887 | ||||||
Origin Energy, Ltd. | 79 | 683 | ||||||
QBE Insurance Group, Ltd. | 110 | 1,096 | ||||||
REA Group, Ltd. | 27 | 996 | ||||||
Rio Tinto, Ltd. | 32 | 1,399 | ||||||
Santos, Ltd. | 78 | 425 | ||||||
Scentre Group | 471 | 1,346 | ||||||
Seek, Ltd. | 73 | 955 | ||||||
Suncorp Group, Ltd. | 84 | 866 | ||||||
Telstra Corp., Ltd. | 2,662 | 12,832 | ||||||
Transurban Group | 784 | 5,708 | ||||||
Wesfarmers, Ltd. | 61 | 2,049 | ||||||
Westfield Corp. | 106 | 773 | ||||||
Westpac Banking Corp. | 201 | 6,047 | ||||||
Woodside Petroleum, Ltd. | 32 | 844 | ||||||
Woolworths, Ltd. | 333 | 7,502 | ||||||
95,483 | ||||||||
AUSTRIA — 0.1% | ||||||||
Erste Group Bank AG | 33 | 813 | ||||||
OMV AG | 30 | 824 | ||||||
Raiffeisen Bank International AG | 32 | 447 | ||||||
Voestalpine AG | 23 | 842 | ||||||
2,926 | ||||||||
BELGIUM — 0.2% | ||||||||
Ageas | 26 | 933 | ||||||
Anheuser-Busch InBev NV | 29 | 3,544 | ||||||
Belgacom SA | 72 | 2,519 | ||||||
Colruyt SA | 21 | 914 | ||||||
Delhaize Group | 15 | 1,349 | ||||||
Groupe Bruxelles Lambert SA | 10 | 829 | ||||||
KBC Groep NV (a) | 19 | 1,175 | ||||||
Solvay SA | 7 | 1,011 | ||||||
Umicore SA | 21 | 877 | ||||||
13,151 | ||||||||
BRITISH VIRGIN ISLANDS — 0.1% | ||||||||
Michael Kors Holdings, Ltd. (a) | 68 | 4,471 | ||||||
CANADA — 4.4% | ||||||||
Agnico-Eagle Mines, Ltd. | 186 | 5,168 | ||||||
Agrium, Inc. | 12 | 1,251 | ||||||
Alimentation Couche-Tard, Inc. (Class B) | 96 | 3,826 | ||||||
Bank of Montreal | 136 | 8,150 | ||||||
Bank of Nova Scotia | 294 | 14,750 | ||||||
Barrick Gold Corp. | 257 | 2,811 | ||||||
BCE, Inc. | 358 | 15,157 | ||||||
Bombardier, Inc. (Class B) | 295 | 582 | ||||||
Brookfield Asset Management, Inc. (Class A) | 33 | 1,765 | ||||||
Canadian Imperial Bank of Commerce | 81 | 5,873 | ||||||
Canadian National Railway Co. | 190 | 12,725 | ||||||
Canadian Natural Resources, Ltd. | 62 | 1,900 | ||||||
Canadian Oil Sands, Ltd. | 120 | 933 | ||||||
Canadian Pacific Railway, Ltd. | 7 | 1,282 | ||||||
Canadian Tire Corp., Ltd. (Class A) | 11 | 1,121 | ||||||
Catamaran Corp. (a) | 23 | 1,369 | ||||||
Cenovus Energy, Inc. | 42 | 708 | ||||||
CI Financial Corp. | 40 | 1,118 | ||||||
Crescent Point Energy Corp. | 25 | 558 | ||||||
Dollarama, Inc. | 180 | 10,062 | ||||||
Eldorado Gold Corp. | 467 | 2,142 | ||||||
Enbridge, Inc. | 451 | 21,740 | ||||||
Encana Corp. | 45 | 502 | ||||||
Fairfax Financial Holdings, Ltd. | 12 | 6,727 | ||||||
First Capital Realty, Inc. | 121 | 1,885 | ||||||
First Quantum Minerals, Ltd. | 52 | 630 | ||||||
Franco-Nevada Corp. | 241 | 11,680 | ||||||
Gildan Activewear, Inc. | 52 | 1,533 | ||||||
Goldcorp, Inc. | 910 | 16,468 | ||||||
Great-West Lifeco, Inc. | 37 | 1,070 | ||||||
Husky Energy, Inc. | 32 | 653 | ||||||
Imperial Oil, Ltd. | 21 | 838 | ||||||
Intact Financial Corp. | 167 | 12,582 | ||||||
Loblaw Cos., Ltd. | 26 | 1,271 | ||||||
Magna International, Inc. | 32 | 1,711 | ||||||
Manulife Financial Corp. | 101 | 1,715 | ||||||
Metro, Inc., (Class A) | 75 | 2,032 | ||||||
National Bank of Canada | 188 | 6,864 | ||||||
Onex Corp. | 18 | 1,045 | ||||||
Pembina Pipeline Corp. | 8 | 253 | ||||||
Potash Corp. of Saskatchewan, Inc. | 208 | 6,706 | ||||||
Power Corp. of Canada | 39 | 1,032 | ||||||
Power Financial Corp. | 33 | 977 | ||||||
Restaurant Brands International, Inc. | 88 | 3,374 | ||||||
RioCan REIT | 148 | 3,385 | ||||||
Rogers Communications, Inc. (Class B) | 141 | 4,721 | ||||||
Royal Bank of Canada | 158 | 9,511 | ||||||
Saputo, Inc. | 56 | 1,539 | ||||||
Shaw Communications, Inc. (Class B) | 363 | 8,146 | ||||||
Silver Wheaton Corp. | 453 | 8,606 | ||||||
Sun Life Financial, Inc. | 32 | 986 | ||||||
Suncor Energy, Inc. | 107 | 3,127 | ||||||
Talisman Energy, Inc. | 97 | 744 | ||||||
Teck Resources, Ltd. (Class B) | 67 | 920 | ||||||
TELUS Corp. | 258 | 8,570 | ||||||
Thomson Reuters Corp. | 150 | 6,082 | ||||||
Toronto-Dominion Bank | 293 | 12,541 | ||||||
TransCanada Corp. | 194 | 8,296 |
See accompanying notes to financial statements.
284
SPDR MSCI World Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Yamana Gold, Inc. | 252 | $ | 903 | |||||
274,616 | ||||||||
DENMARK — 0.9% | ||||||||
AP Moeller — Maersk A/S (Class A) | 1 | 2,031 | ||||||
AP Moeller — Maersk A/S (Class B) | 1 | 2,090 | ||||||
Carlsberg A/S (Class B) | 10 | 825 | ||||||
Coloplast A/S (Class B) | 62 | 4,688 | ||||||
Danske Bank A/S | 52 | 1,372 | ||||||
Novo Nordisk A/S (Class B) | 684 | 36,580 | ||||||
Novozymes A/S (Class B) | 93 | 4,252 | ||||||
Pandora A/S | 34 | 3,096 | ||||||
TDC A/S | 173 | 1,239 | ||||||
Tryg A/S | 12 | 1,416 | ||||||
57,589 | ||||||||
FINLAND — 0.2% | ||||||||
Fortum Oyj | 59 | 1,239 | ||||||
Kone Oyj (Class B) | 100 | 4,434 | ||||||
Nokia Oyj | 129 | 985 | ||||||
Orion Oyj (Class B) | 35 | 988 | ||||||
Sampo Oyj (Class A) | 24 | 1,212 | ||||||
Stora Enso Oyj | 103 | 1,061 | ||||||
UPM-Kymmene Oyj | 59 | 1,148 | ||||||
Wartsila Oyj Abp | 36 | 1,594 | ||||||
12,661 | ||||||||
FRANCE — 1.9% | ||||||||
Aeroports de Paris | 25 | 2,988 | ||||||
Air Liquide SA | 15 | 1,930 | ||||||
Alcatel-Lucent (a) | 267 | 1,009 | ||||||
Alstom SA (a) | 27 | 833 | ||||||
Arkema SA | 11 | 871 | ||||||
AXA SA | 261 | 6,575 | ||||||
BNP Paribas SA | 145 | 8,810 | ||||||
Bouygues SA | 27 | 1,060 | ||||||
Bureau Veritas SA | 56 | 1,202 | ||||||
Cap Gemini SA | 14 | 1,148 | ||||||
Carrefour SA | 61 | 2,037 | ||||||
Casino Guichard-Perrachon SA | 8 | 709 | ||||||
Christian Dior SE | 5 | 944 | ||||||
CNP Assurances | 48 | 841 | ||||||
Compagnie de Saint-Gobain | 38 | 1,669 | ||||||
Compagnie Generale des Etablissements Michelin | 17 | 1,691 | ||||||
Credit Agricole SA | 124 | 1,821 | ||||||
Danone SA | 26 | 1,749 | ||||||
Dassault Systemes | 76 | 5,154 | ||||||
EDF SA | 27 | 648 | ||||||
Essilor International SA | 15 | 1,721 | ||||||
GDF Suez | 160 | 3,163 | ||||||
Iliad SA | 32 | 7,468 | ||||||
Kering | 5 | 976 | ||||||
L’Oreal SA | 8 | 1,472 | ||||||
Lafarge SA | 12 | 778 | ||||||
Lagardere SCA | 30 | 900 | ||||||
Legrand SA | 16 | 865 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 12 | 2,116 | ||||||
Natixis SA | 158 | 1,181 | ||||||
Orange SA | 213 | 3,423 | ||||||
Pernod Ricard SA | 10 | 1,183 | ||||||
Peugeot SA (a) | 81 | 1,356 | ||||||
Publicis Groupe SA | 44 | 3,394 | ||||||
Renault SA | 25 | 2,276 | ||||||
Rexel SA | 42 | 792 | ||||||
Safran SA | 16 | 1,117 | ||||||
Sanofi | 63 | 6,220 | ||||||
Schneider Electric SE | 26 | 2,020 | ||||||
SCOR SE | 29 | 979 | ||||||
Societe BIC SA | 8 | 1,138 | ||||||
Societe Generale SA | 98 | 4,733 | ||||||
Sodexo SA | 10 | 975 | ||||||
Suez Environnement Co. | 51 | 878 | ||||||
Technip SA | 11 | 666 | ||||||
Total SA | 253 | 12,574 | ||||||
Unibail-Rodamco SE | 5 | 1,348 | ||||||
Valeo SA | 8 | 1,195 | ||||||
Vallourec SA | 19 | 464 | ||||||
Veolia Environnement SA | 61 | 1,154 | ||||||
Vinci SA | 37 | 2,115 | ||||||
Vivendi SA | 119 | 2,956 | ||||||
117,285 | ||||||||
GERMANY — 2.3% | ||||||||
adidas AG | 11 | 871 | ||||||
Allianz SE | 45 | 7,822 | ||||||
BASF SE | 77 | 7,654 | ||||||
Bayer AG | 29 | 4,359 | ||||||
Bayerische Motoren Werke AG | 31 | 3,877 | ||||||
Bayerische Motoren Werke AG Preference Shares | 11 | 1,018 | ||||||
Beiersdorf AG | 22 | 1,911 | ||||||
Brenntag AG | 18 | 1,078 | ||||||
Celesio AG | 68 | 2,008 | ||||||
Commerzbank AG (a) | 145 | 2,001 | ||||||
Continental AG | 6 | 1,420 | ||||||
Daimler AG | 94 | 9,059 | ||||||
Deutsche Bank AG | 252 | 8,758 | ||||||
Deutsche Boerse AG | 15 | 1,225 | ||||||
Deutsche Lufthansa AG | 41 | 576 | ||||||
Deutsche Post AG | 68 | 2,125 | ||||||
Deutsche Telekom AG | 283 | 5,182 | ||||||
E.ON SE | 398 | 5,935 | ||||||
Fresenius Medical Care AG & Co. KGaA | 125 | 10,399 | ||||||
Fresenius SE & Co. KGaA | 21 | 1,254 | ||||||
Fuchs Petrolub SE Preference Shares | 22 | 880 | ||||||
Hannover Rueck SE | 12 | 1,240 | ||||||
HeidelbergCement AG | 12 | 951 | ||||||
Henkel AG & Co. KGaA | 10 | 1,033 | ||||||
Henkel AG & Co. KGaA Preference Shares | 9 | 1,059 | ||||||
Hugo Boss AG | 10 | 1,216 | ||||||
Infineon Technologies AG | 94 | 1,124 | ||||||
K+S AG | 29 | 947 | ||||||
Kabel Deutschland Holding AG (a) | 27 | 3,509 | ||||||
Lanxess AG | 15 | 799 | ||||||
Linde AG | 10 | 2,037 | ||||||
MAN SE | 45 | 4,736 | ||||||
Merck KGaA | 12 | 1,347 | ||||||
Metro AG | 30 | 1,018 |
See accompanying notes to financial statements.
285
SPDR MSCI World Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 21 | $ | 4,528 | |||||
Porsche Automobil Holding SE Preference Shares | 25 | 2,456 | ||||||
RWE AG | 91 | 2,324 | ||||||
SAP SE | 223 | 16,174 | ||||||
Siemens AG | 51 | 5,516 | ||||||
Telefonica Deutschland Holding AG (a) | 324 | 1,871 | ||||||
ThyssenKrupp AG | 37 | 971 | ||||||
TUI AG | 59 | 1,040 | ||||||
United Internet AG | 30 | 1,366 | ||||||
Volkswagen AG | 5 | 1,289 | ||||||
Volkswagen AG Preference Shares | 29 | 7,720 | ||||||
145,683 | ||||||||
HONG KONG — 1.9% | ||||||||
AIA Group, Ltd. | 400 | 2,518 | ||||||
Bank of East Asia, Ltd. | 206 | 820 | ||||||
BOC Hong Kong Holdings, Ltd. | 1,000 | 3,566 | ||||||
Cheung Kong Infrastructure Holdings, Ltd. | 1,000 | 8,597 | ||||||
CLP Holdings, Ltd. | 2,000 | 17,477 | ||||||
Galaxy Entertainment Group, Ltd. | 1,000 | 4,553 | ||||||
Hang Seng Bank, Ltd. | 1,200 | 21,746 | ||||||
HKT Trust/HKT, Ltd. | 3,540 | 4,561 | ||||||
Hong Kong Exchanges and Clearing, Ltd. | 300 | 7,352 | ||||||
Link REIT | 3,000 | 18,496 | ||||||
MTR Corp., Ltd. | 2,000 | 9,519 | ||||||
New World Development Co., Ltd. | 1,000 | 1,159 | ||||||
Noble Group, Ltd. | 1,000 | 671 | ||||||
Power Assets Holdings, Ltd. | 1,000 | 10,228 | ||||||
Sands China, Ltd. | 800 | 3,312 | ||||||
SJM Holdings, Ltd. | 1,000 | 1,308 | ||||||
Wynn Macau, Ltd. | 400 | 866 | ||||||
116,749 | ||||||||
IRELAND — 1.0% | ||||||||
Accenture PLC (Class A) | 284 | 26,608 | ||||||
Actavis PLC (a) | 32 | 9,616 | ||||||
Bank of Ireland (a) | 2,748 | 1,045 | ||||||
CRH PLC | 44 | 1,145 | ||||||
Eaton Corp. PLC | 24 | 1,631 | ||||||
James Hardie Industries PLC | 109 | 1,271 | ||||||
Kerry Group PLC (Class A) | 106 | 7,115 | ||||||
Medtronic PLC | 57 | 4,445 | ||||||
Pentair PLC | 14 | 880 | ||||||
Perrigo Co. PLC | 25 | 4,139 | ||||||
Ryanair Holdings PLC | 228 | 2,725 | ||||||
Seagate Technology PLC | 24 | 1,249 | ||||||
Tyco International PLC | 24 | 1,033 | ||||||
Weatherford International PLC (a) | 48 | 590 | ||||||
Willis Group Holdings PLC | 32 | 1,542 | ||||||
65,034 | ||||||||
ISRAEL — 0.3% | ||||||||
Bank Hapoalim BM | 308 | 1,484 | ||||||
Bank Leumi Le-Israel BM (a) | 418 | 1,552 | ||||||
Israel Chemicals, Ltd. | 122 | 868 | ||||||
Mizrahi Tefahot Bank, Ltd. (a) | 89 | 904 | ||||||
NICE Systems, Ltd. | 74 | 4,539 | ||||||
Teva Pharmaceutical Industries, Ltd. | 188 | 11,800 | ||||||
21,147 | ||||||||
ITALY — 0.4% | ||||||||
Assicurazioni Generali SpA | 123 | 2,419 | ||||||
Atlantia SpA | 38 | 998 | ||||||
Banca Monte dei Paschi di Siena SpA (a) | 1,318 | 875 | ||||||
Banco Popolare SC (a) | 61 | 954 | ||||||
Enel SpA | 939 | 4,248 | ||||||
ENI SpA | 310 | 5,370 | ||||||
Intesa Sanpaolo SpA | 1,159 | 3,941 | ||||||
Saipem SpA (a) | 40 | 408 | ||||||
Snam SpA | 185 | 898 | ||||||
Telecom Italia SpA (a)(b) | 1,742 | 2,043 | ||||||
Telecom Italia SpA (b) | 1,354 | 1,272 | ||||||
UBI Banca SCpA | 129 | 1,009 | ||||||
UniCredit SpA | 383 | 2,604 | ||||||
27,039 | ||||||||
JAPAN — 9.2% | ||||||||
Aeon Co., Ltd. | 100 | 1,100 | ||||||
ANA Holdings, Inc. | 2,000 | 5,367 | ||||||
Aozora Bank, Ltd. | 1,000 | 3,552 | ||||||
Astellas Pharma, Inc. | 400 | 6,562 | ||||||
Bank of Yokohama, Ltd. | 1,000 | 5,870 | ||||||
Benesse Holdings, Inc. | 100 | 3,152 | ||||||
Bridgestone Corp. | 100 | 4,016 | ||||||
Calbee, Inc. | 100 | 4,353 | ||||||
Canon, Inc. | 400 | 14,169 | ||||||
Chubu Electric Power Co., Inc. | 100 | 1,196 | ||||||
Chugai Pharmaceutical Co., Ltd. | 200 | 6,312 | ||||||
Chugoku Bank, Ltd. | 200 | 2,994 | ||||||
Chugoku Electric Power Co., Inc. | 100 | 1,306 | ||||||
Dai-ichi Life Insurance Co., Ltd. | 100 | 1,455 | ||||||
Daiichi Sankyo Co., Ltd. | 100 | 1,590 | ||||||
East Japan Railway Co. | 100 | 8,038 | ||||||
Eisai Co., Ltd. | 300 | 21,351 | ||||||
FamilyMart Co., Ltd. | 100 | 4,203 | ||||||
Fuji Heavy Industries, Ltd. | 200 | 6,656 | ||||||
FUJIFILM Holdings Corp. | 100 | 3,566 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 100 | 4,111 | ||||||
Hitachi, Ltd. | 1,000 | 6,864 | ||||||
Honda Motor Co., Ltd. | 200 | 6,509 | ||||||
Idemitsu Kosan Co., Ltd. | 100 | 1,744 | ||||||
Inpex Corp. | 100 | 1,105 | ||||||
Isetan Mitsukoshi Holdings, Ltd. | 100 | 1,658 | ||||||
ITOCHU Corp. | 300 | 3,256 | ||||||
Japan Airlines Co., Ltd. | 200 | 6,237 | ||||||
Japan Prime Realty Investment Corp. | 1 | 3,448 | ||||||
Japan Real Estate Investment Corp. | 1 | 4,711 | ||||||
Japan Retail Fund Investment Corp. | 3 | 5,969 | ||||||
Japan Tobacco, Inc. | 300 | 9,507 | ||||||
JFE Holdings, Inc. | 100 | 2,213 | ||||||
JX Holdings, Inc. | 700 | 2,698 | ||||||
Kakaku.com, Inc. | 200 | 3,332 | ||||||
Kansai Electric Power Co., Inc. (a) | 100 | 956 | ||||||
KDDI Corp. | 300 | 6,806 | ||||||
Keio Corp. | 1,000 | 7,863 | ||||||
Kirin Holdings Co., Ltd. | 100 | 1,315 | ||||||
Kobe Steel, Ltd. | 1,000 | 1,851 |
See accompanying notes to financial statements.
286
SPDR MSCI World Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Komatsu, Ltd. | 100 | $ | 1,970 | |||||
Kyushu Electric Power Co., Inc. (a) | 100 | 971 | ||||||
Lawson, Inc. | 100 | 6,946 | ||||||
M3, Inc. | 300 | 6,381 | ||||||
Marubeni Corp. | 1,000 | 5,804 | ||||||
McDonald’s Holdings Co. (Japan), Ltd. | 100 | 2,217 | ||||||
Miraca Holdings, Inc. | 100 | 4,611 | ||||||
Mitsubishi Chemical Holdings Corp. | 300 | 1,748 | ||||||
Mitsubishi Corp. | 300 | 6,055 | ||||||
Mitsubishi Motors Corp. | 100 | 905 | ||||||
Mitsubishi Tanabe Pharma Corp. | 300 | 5,158 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 2,000 | 12,403 | ||||||
Mitsui & Co., Ltd. | 300 | 4,033 | ||||||
Mizuho Financial Group, Inc. | 3,200 | 5,633 | ||||||
MS&AD Insurance Group Holdings, Inc. | 100 | 2,810 | ||||||
Nagoya Railroad Co., Ltd. | 1,000 | 4,003 | ||||||
Nikon Corp. | 100 | 1,343 | ||||||
Nippon Building Fund, Inc. | 1 | 4,920 | ||||||
Nippon Prologis REIT, Inc. | 2 | 4,409 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 1,000 | 2,522 | ||||||
Nippon Telegraph & Telephone Corp. | 200 | 12,336 | ||||||
Nissan Motor Co., Ltd. | 400 | 4,083 | ||||||
Nissin Foods Holding Co., Ltd. | 100 | 4,928 | ||||||
Nitori Holding Co., Ltd. | 100 | 6,788 | ||||||
Nomura Holdings, Inc. | 200 | 1,178 | ||||||
Nomura Research Institute, Ltd. | 100 | 3,769 | ||||||
NTT DoCoMo, Inc. | 1,368 | 23,790 | ||||||
Oracle Corp. | 100 | 4,311 | ||||||
Oriental Land Co., Ltd. | 392 | 29,729 | ||||||
ORIX Corp. | 100 | 1,408 | ||||||
Osaka Gas Co., Ltd. | 1,000 | 4,192 | ||||||
Otsuka Corp. | 100 | 4,269 | ||||||
Otsuka Holdings Co., Ltd. | 400 | 12,540 | ||||||
Panasonic Corp. | 200 | 2,630 | ||||||
Park24 Co., Ltd. | 100 | 2,049 | ||||||
Resona Holdings, Inc. | 400 | 1,990 | ||||||
Ricoh Co., Ltd. | 100 | 1,091 | ||||||
Santen Pharmaceutical Co., Ltd. | 500 | 7,296 | ||||||
Secom Co., Ltd. | 200 | 13,383 | ||||||
Sekisui House, Ltd. | 100 | 1,455 | ||||||
Seven & i Holdings Co., Ltd. | 100 | 4,213 | ||||||
Shimamura Co., Ltd. | 100 | 9,272 | ||||||
Showa Shell Sekiyu K.K. | 200 | 1,831 | ||||||
Sony Corp. (a) | 200 | 5,320 | ||||||
Sumitomo Corp. | 200 | 2,144 | ||||||
Sumitomo Electric Industries, Ltd. | 100 | 1,313 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 200 | 7,674 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 1,000 | 4,132 | ||||||
Suntory Beverage & Food, Ltd. | 200 | 8,589 | ||||||
Suzuken Co., Ltd. | 110 | 3,362 | ||||||
T&D Holdings, Inc. | 100 | 1,380 | ||||||
Takeda Pharmaceutical Co., Ltd. | 589 | 29,464 | ||||||
Tobu Railway Co., Ltd. | 2,000 | 9,506 | ||||||
Toho Co., Ltd. | 100 | 2,450 | ||||||
Tohoku Electric Power Co., Inc. | 100 | 1,139 | ||||||
Tokio Marine Holdings, Inc. | 100 | 3,784 | ||||||
Tokyo Electric Power Co., Inc. (a) | 300 | 1,138 | ||||||
TonenGeneral Sekiyu K.K. | 1,000 | 8,647 | ||||||
Toshiba Corp. | 1,000 | 4,204 | ||||||
Toyota Motor Corp. | 200 | 13,980 | ||||||
Unicharm Corp. | 100 | 2,628 | ||||||
United Urban Investment Corp. | 3 | 4,680 | ||||||
USS Co., Ltd. | 300 | 5,198 | ||||||
West Japan Railway Co. | 200 | 10,512 | ||||||
Yahoo! Japan Corp. | 400 | 1,654 | ||||||
Yamada Denki Co., Ltd. | 300 | 1,238 | ||||||
Yamato Holdings Co., Ltd. | 400 | 9,246 | ||||||
575,716 | ||||||||
LUXEMBOURG — 0.2% | ||||||||
Altice SA (a) | 95 | 10,290 | ||||||
ArcelorMittal | 144 | 1,357 | ||||||
RTL Group SA | 12 | 1,155 | ||||||
Subsea 7 SA | 54 | 465 | ||||||
Tenaris SA | 46 | 645 | ||||||
13,912 | ||||||||
NETHERLANDS — 1.1% | ||||||||
Aegon NV | 268 | 2,115 | ||||||
Airbus Group NV | 33 | 2,142 | ||||||
Akzo Nobel NV | 15 | 1,134 | ||||||
ASML Holding NV | 12 | 1,222 | ||||||
Chicago Bridge & Iron Co. NV | 25 | 1,232 | ||||||
CNH Industrial NV | 94 | 769 | ||||||
Core Laboratories NV | 11 | 1,149 | ||||||
Fiat Chrysler Automobiles NV (a) | 262 | 4,263 | ||||||
Heineken Holding NV | 16 | 1,102 | ||||||
Heineken NV | 16 | 1,221 | ||||||
ING Groep NV (a) | 434 | 6,360 | ||||||
Koninklijke Ahold NV | 90 | 1,774 | ||||||
Koninklijke DSM NV | 14 | 781 | ||||||
Koninklijke KPN NV | 337 | 1,143 | ||||||
Koninklijke Philips NV | 56 | 1,589 | ||||||
LyondellBasell Industries NV (Class A) | 146 | 12,819 | ||||||
Mylan NV (a) | 22 | 1,306 | ||||||
Randstad Holding NV | 18 | 1,092 | ||||||
Reed Elsevier NV | 223 | 5,554 | ||||||
Unilever NV | 471 | 19,685 | ||||||
68,452 | ||||||||
NEW ZEALAND — 0.1% | ||||||||
Auckland International Airport, Ltd. | 1,039 | 3,506 | ||||||
Ryman Healthcare, Ltd. | 147 | 864 | ||||||
4,370 | ||||||||
NORWAY — 0.1% | ||||||||
DnB ASA | 94 | 1,513 | ||||||
Norsk Hydro ASA | 195 | 1,026 | ||||||
Seadrill, Ltd. | 27 | 254 | ||||||
Statoil ASA | 118 | 2,091 | ||||||
Telenor ASA | 45 | 909 | ||||||
Yara International ASA | 23 | 1,170 | ||||||
6,963 | ||||||||
PORTUGAL — 0.0% (c) | ||||||||
EDP — Energias de Portugal SA | 228 | 853 | ||||||
Galp Energia SGPS SA | 60 | 649 | ||||||
Jeronimo Martins SGPS SA | 72 | 905 | ||||||
2,407 | ||||||||
See accompanying notes to financial statements.
287
SPDR MSCI World Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
SINGAPORE — 0.9% | ||||||||
ComfortDelGro Corp., Ltd. | 3,000 | $ | 6,321 | |||||
Flextronics International, Ltd. (a) | 104 | 1,318 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 966 | 7,444 | ||||||
Singapore Airlines, Ltd. | 1,000 | 8,712 | ||||||
Singapore Press Holdings, Ltd. | 2,000 | 6,109 | ||||||
Singapore Telecommunications, Ltd. | 6,842 | 21,847 | ||||||
StarHub, Ltd. | 1,000 | 3,171 | ||||||
54,922 | ||||||||
SPAIN — 0.7% | ||||||||
ACS, Actividades de Construccion y Servicios SA | 26 | 921 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 445 | 4,496 | ||||||
Banco de Sabadell SA | 314 | 769 | ||||||
Banco Popular Espanol SA | 154 | 754 | ||||||
Banco Santander SA | 1,097 | 8,267 | ||||||
CaixaBank SA | 182 | 862 | ||||||
Ferrovial SA | 49 | 1,042 | ||||||
Gas Natural SDG SA | 35 | 786 | ||||||
Iberdrola SA | 555 | 3,578 | ||||||
Inditex SA | 295 | 9,467 | ||||||
International Consolidated Airlines Group SA (a) | 161 | 1,444 | ||||||
Repsol SA | 112 | 2,085 | ||||||
Telefonica SA | 422 | 6,010 | ||||||
Zardoya Otis SA | 62 | 800 | ||||||
41,281 | ||||||||
SWEDEN — 0.8% | ||||||||
Alfa Laval AB | 76 | 1,494 | ||||||
Assa Abloy AB (Class B) | 20 | 1,192 | ||||||
Atlas Copco AB (Class A) | 181 | 5,862 | ||||||
Atlas Copco AB (Class B) | 106 | 3,133 | ||||||
Autoliv, Inc. | 10 | 1,178 | ||||||
Boliden AB | 74 | 1,471 | ||||||
Electrolux AB (Series B) | 42 | 1,204 | ||||||
Elekta AB (Class B) | 80 | 719 | ||||||
Hennes & Mauritz AB (Class B) | 299 | 12,117 | ||||||
Investor AB (Class B) | 67 | 2,670 | ||||||
Kinnevik Investment AB (Class B) | 25 | 835 | ||||||
Nordea Bank AB | 254 | 3,101 | ||||||
Sandvik AB | 70 | 783 | ||||||
Skandinaviska Enskilda Banken AB (Class A) | 116 | 1,357 | ||||||
Skanska AB (Class B) | 48 | 1,076 | ||||||
SKF AB (Class B) | 40 | 1,033 | ||||||
Svenska Cellulosa AB (Class B) | 36 | 829 | ||||||
Svenska Handelsbanken AB (Class A) | 35 | 1,580 | ||||||
Swedbank AB (Class A) | 67 | 1,601 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 170 | 2,137 | ||||||
TeliaSonera AB | 174 | 1,106 | ||||||
Volvo AB (Class B) | 108 | 1,306 | ||||||
47,784 | ||||||||
SWITZERLAND — 4.9% | ||||||||
ABB, Ltd. (a) | 110 | 2,336 | ||||||
ACE, Ltd. | 25 | 2,787 | ||||||
Actelion, Ltd. (a) | 26 | 3,014 | ||||||
Adecco SA (a) | 13 | 1,084 | ||||||
Baloise Holding AG | 9 | 1,193 | ||||||
Barry Callebaut AG (a) | 3 | 2,939 | ||||||
Cie Financiere Richemont SA | 119 | 9,593 | ||||||
Credit Suisse Group AG (a) | 141 | 3,801 | ||||||
EMS-Chemie Holding AG | 3 | 1,224 | ||||||
Geberit AG | 10 | 3,758 | ||||||
Givaudan SA (a) | 4 | 7,256 | ||||||
Holcim, Ltd. (a) | 14 | 1,047 | ||||||
Julius Baer Group, Ltd. (a) | 195 | 9,789 | ||||||
Kuehne + Nagel International AG | 82 | 12,199 | ||||||
Lindt & Spruengli AG | 1 | 5,369 | ||||||
Nestle SA | 488 | 36,878 | ||||||
Novartis AG | 410 | 40,586 | ||||||
Partners Group Holding AG | 27 | 8,075 | ||||||
Roche Holding AG | 248 | 68,454 | ||||||
Schindler Holding AG (b) | 19 | 3,165 | ||||||
Schindler Holding AG (b) | 31 | 5,078 | ||||||
SGS SA | 7 | 13,405 | ||||||
Swatch Group AG (b) | 8 | 3,394 | ||||||
Swatch Group AG (b) | 13 | 1,091 | ||||||
Swiss Life Holding AG (a) | 4 | 991 | ||||||
Swiss Prime Site AG (a) | 74 | 6,438 | ||||||
Swiss Re AG | 39 | 3,778 | ||||||
Swisscom AG | 30 | 17,435 | ||||||
Syngenta AG | 34 | 11,576 | ||||||
TE Connectivity, Ltd. | 102 | 7,305 | ||||||
Transocean, Ltd. | 28 | 405 | ||||||
UBS Group AG (a) | 249 | 4,697 | ||||||
Zurich Insurance Group AG (a) | 13 | 4,407 | ||||||
304,547 | ||||||||
UNITED KINGDOM — 7.9% | ||||||||
Aberdeen Asset Management PLC | 282 | 1,924 | ||||||
Admiral Group PLC | 64 | 1,454 | ||||||
Aggreko PLC | 70 | 1,587 | ||||||
Amec Foster Wheeler PLC | 77 | 1,035 | ||||||
Anglo American PLC | 148 | 2,223 | ||||||
Aon PLC | 12 | 1,153 | ||||||
Associated British Foods PLC | 21 | 879 | ||||||
AstraZeneca PLC | 301 | 20,673 | ||||||
Aviva PLC | 190 | 1,523 | ||||||
Babcock International Group PLC | 12 | 175 | ||||||
BAE Systems PLC | 1,094 | 8,502 | ||||||
Barclays PLC | 2,243 | 8,078 | ||||||
BG Group PLC | 190 | 2,338 | ||||||
BHP Billiton PLC | 144 | 3,150 | ||||||
BP PLC | 3,489 | 22,619 | ||||||
British American Tobacco PLC | 511 | 26,463 | ||||||
British Land Co. PLC | 84 | 1,038 | ||||||
BT Group PLC | 425 | 2,763 | ||||||
Bunzl PLC | 87 | 2,365 | ||||||
Burberry Group PLC | 128 | 3,293 | ||||||
Capita PLC | 264 | 4,374 | ||||||
Carnival PLC | 26 | 1,272 | ||||||
Centrica PLC | 1,458 | 5,476 | ||||||
Cobham PLC | 301 | 1,359 | ||||||
Compass Group PLC | 1,170 | 20,356 | ||||||
Croda International PLC | 40 | 1,626 | ||||||
Delphi Automotive PLC | 107 | 8,532 | ||||||
Diageo PLC | 660 | 18,219 | ||||||
Direct Line Insurance Group PLC | 244 | 1,155 |
See accompanying notes to financial statements.
288
SPDR MSCI World Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
easyJet PLC | 39 | $ | 1,090 | |||||
Ensco PLC (Class A) | 23 | 485 | ||||||
Experian PLC | 60 | 995 | ||||||
Fresnillo PLC | 280 | 2,837 | ||||||
Friends Life Group, Ltd. | 200 | 1,228 | ||||||
G4S PLC | 238 | 1,045 | ||||||
GKN PLC | 158 | 841 | ||||||
GlaxoSmithKline PLC | 822 | 18,865 | ||||||
Glencore PLC (a) | 1,133 | 4,809 | ||||||
Hargreaves Lansdown PLC | 73 | 1,248 | ||||||
HSBC Holdings PLC | 2,106 | 17,945 | ||||||
ICAP PLC | 156 | 1,220 | ||||||
IMI PLC | 80 | 1,514 | ||||||
Imperial Tobacco Group PLC | 259 | 11,392 | ||||||
Inmarsat PLC | 540 | 7,419 | ||||||
Intertek Group PLC | 177 | 6,564 | ||||||
ITV PLC | 1,074 | 4,032 | ||||||
J Sainsbury PLC | 172 | 662 | ||||||
Johnson Matthey PLC | 54 | 2,714 | ||||||
Kingfisher PLC | 167 | 944 | ||||||
Land Securities Group PLC | 63 | 1,172 | ||||||
Legal & General Group PLC | 298 | 1,233 | ||||||
Liberty Global PLC (Class A) (a) | 31 | 1,596 | ||||||
Liberty Global PLC (Series C) (a) | 45 | 2,241 | ||||||
Lloyds Banking Group PLC (a) | 2,616 | 3,040 | ||||||
London Stock Exchange Group PLC | 50 | 1,825 | ||||||
Marks & Spencer Group PLC | 144 | 1,144 | ||||||
Merlin Entertainments PLC (d) | 403 | 2,645 | ||||||
National Grid PLC | 780 | 10,012 | ||||||
Next PLC | 35 | 3,650 | ||||||
Noble Corp. PLC | 34 | 486 | ||||||
Old Mutual PLC | 359 | 1,184 | ||||||
Pearson PLC | 53 | 1,142 | ||||||
Petrofac, Ltd. | 81 | 1,146 | ||||||
Prudential PLC | 124 | 3,078 | ||||||
Randgold Resources, Ltd. | 111 | 7,733 | ||||||
Reckitt Benckiser Group PLC | 275 | 23,678 | ||||||
Reed Elsevier PLC | 385 | 6,624 | ||||||
Rexam PLC | 100 | 860 | ||||||
Rio Tinto PLC | 356 | 14,650 | ||||||
Rolls-Royce Holdings PLC (a) | 486 | 6,876 | ||||||
Royal Bank of Scotland Group PLC (a) | 227 | 1,146 | ||||||
Royal Dutch Shell PLC (Class A) | 609 | 18,154 | ||||||
Royal Dutch Shell PLC (Class B) | 439 | 13,679 | ||||||
Royal Mail PLC | 180 | 1,171 | ||||||
RSA Insurance Group PLC | 141 | 881 | ||||||
SABMiller PLC | 32 | 1,682 | ||||||
Sage Group PLC | 300 | 2,078 | ||||||
Schroders PLC | 30 | 1,425 | ||||||
Shire PLC | 155 | 12,345 | ||||||
Sky PLC | 834 | 12,294 | ||||||
Smith & Nephew PLC | 221 | 3,753 | ||||||
Smiths Group PLC | 111 | 1,842 | ||||||
Sports Direct International PLC (a) | 79 | 714 | ||||||
SSE PLC | 218 | 4,848 | ||||||
Standard Chartered PLC | 380 | 6,169 | ||||||
Standard Life PLC | 135 | 953 | ||||||
Tate & Lyle PLC | 130 | 1,153 | ||||||
Tesco PLC | 1,711 | 6,143 | ||||||
Travis Perkins PLC | 39 | 1,129 | ||||||
Tullow Oil PLC | 74 | 311 | ||||||
Unilever PLC | 367 | 15,336 | ||||||
Vodafone Group PLC | 3,956 | 12,946 | ||||||
Weir Group PLC | 51 | 1,288 | ||||||
Whitbread PLC | 41 | 3,192 | ||||||
William Hill PLC | 224 | 1,233 | ||||||
William Morrison Supermarkets PLC | 345 | 991 | ||||||
Wolseley PLC | 69 | 4,090 | ||||||
WPP PLC | 76 | 1,727 | ||||||
492,141 | ||||||||
UNITED STATES — 58.4% | ||||||||
3M Co. | 167 | 27,547 | ||||||
Abbott Laboratories | 476 | 22,053 | ||||||
AbbVie, Inc. | 52 | 3,044 | ||||||
Activision Blizzard, Inc. | 49 | 1,114 | ||||||
Adobe Systems, Inc. (a) | 17 | 1,257 | ||||||
ADT Corp. | 31 | 1,287 | ||||||
Advance Auto Parts, Inc. | 19 | 2,844 | ||||||
AES Corp. | 74 | 951 | ||||||
Aetna, Inc. | 27 | 2,876 | ||||||
Aflac, Inc. | 127 | 8,129 | ||||||
AGCO Corp. | 19 | 905 | ||||||
Agilent Technologies, Inc. | 18 | 748 | ||||||
Air Products & Chemicals, Inc. | 9 | 1,362 | ||||||
Albemarle Corp. | 21 | 1,110 | ||||||
Alcoa, Inc. | 85 | 1,098 | ||||||
Alleghany Corp. (a) | 19 | 9,253 | ||||||
Allstate Corp. | 39 | 2,776 | ||||||
Altria Group, Inc. | 297 | 14,856 | ||||||
Amazon.com, Inc. (a) | 5 | 1,860 | ||||||
Ameren Corp. | 27 | 1,139 | ||||||
American Capital Agency Corp. | 48 | 1,024 | ||||||
American Electric Power Co., Inc. | 36 | 2,025 | ||||||
American Express Co. | 40 | 3,125 | ||||||
American International Group, Inc. | 171 | 9,369 | ||||||
American Tower Corp. | 111 | 10,451 | ||||||
American Water Works Co., Inc. | 49 | 2,656 | ||||||
Ameriprise Financial, Inc. | 10 | 1,308 | ||||||
AmerisourceBergen Corp. | 267 | 30,350 | ||||||
Amgen, Inc. | 20 | 3,197 | ||||||
Amphenol Corp. (Class A) | 72 | 4,243 | ||||||
Anadarko Petroleum Corp. | 19 | 1,573 | ||||||
Analog Devices, Inc. | 20 | 1,260 | ||||||
Annaly Capital Management, Inc. | 155 | 1,612 | ||||||
Antero Resources Corp. (a) | 18 | 636 | ||||||
Anthem, Inc. | 30 | 4,632 | ||||||
Apache Corp. | 40 | 2,413 | ||||||
Apple, Inc. | 1,101 | 136,997 | ||||||
Applied Materials, Inc. | 52 | 1,173 | ||||||
Arch Capital Group, Ltd. (a) | 200 | 12,320 | ||||||
Archer-Daniels-Midland Co. | 71 | 3,365 | ||||||
Arrow Electronics, Inc. (a) | 19 | 1,162 | ||||||
Assurant, Inc. | 16 | 983 | ||||||
AT&T, Inc. | 943 | 30,789 | ||||||
Automatic Data Processing, Inc. | 491 | 42,049 | ||||||
AutoZone, Inc. (a) | 31 | 21,147 | ||||||
AvalonBay Communities, Inc. | 41 | 7,144 | ||||||
Avnet, Inc. | 24 | 1,068 |
See accompanying notes to financial statements.
289
SPDR MSCI World Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Axis Capital Holdings, Ltd. | 22 | $ | 1,135 | |||||
Baker Hughes, Inc. | 27 | 1,717 | ||||||
Bank of America Corp. | 922 | 14,190 | ||||||
Bank of New York Mellon Corp. | 96 | 3,863 | ||||||
Baxter International, Inc. | 53 | 3,630 | ||||||
BB&T Corp. | 58 | 2,261 | ||||||
Becton, Dickinson and Co. | 126 | 18,092 | ||||||
Bed Bath & Beyond, Inc. (a) | 84 | 6,449 | ||||||
Berkshire Hathaway, Inc. (Class B) (a) | �� | 187 | 26,988 | |||||
Best Buy Co., Inc. | 45 | 1,701 | ||||||
Biogen, Inc. (a) | 56 | 23,645 | ||||||
BlackRock, Inc. | 6 | 2,195 | ||||||
Boeing Co. | 196 | 29,416 | ||||||
BorgWarner, Inc. | 17 | 1,028 | ||||||
Boston Scientific Corp. (a) | 77 | 1,367 | ||||||
Bristol-Myers Squibb Co. | 537 | 34,636 | ||||||
Broadcom Corp. (Class A) | 36 | 1,559 | ||||||
Brown-Forman Corp. (Class B) | 33 | 2,982 | ||||||
Bunge, Ltd. | 23 | 1,894 | ||||||
C.H. Robinson Worldwide, Inc. | 45 | 3,295 | ||||||
C.R. Bard, Inc. | 82 | 13,723 | ||||||
CA, Inc. | 86 | 2,804 | ||||||
Camden Property Trust | 18 | 1,406 | ||||||
Cameron International Corp. (a) | 16 | 722 | ||||||
Campbell Soup Co. | 52 | 2,421 | ||||||
Capital One Financial Corp. | 59 | 4,650 | ||||||
Cardinal Health, Inc. | 40 | 3,611 | ||||||
CarMax, Inc. (a) | 24 | 1,656 | ||||||
Carnival Corp. | 25 | 1,196 | ||||||
Caterpillar, Inc. | 43 | 3,441 | ||||||
CBS Corp. (Class B) | 22 | 1,334 | ||||||
Celanese Corp. (Series A) | 17 | 950 | ||||||
Celgene Corp. (a) | 196 | 22,595 | ||||||
CenterPoint Energy, Inc. | 47 | 959 | ||||||
CenturyLink, Inc. | 52 | 1,797 | ||||||
CF Industries Holdings, Inc. | 15 | 4,255 | ||||||
Charles Schwab Corp. | 39 | 1,187 | ||||||
Chesapeake Energy Corp. | 54 | 765 | ||||||
Chevron Corp. | 202 | 21,206 | ||||||
Chipotle Mexican Grill, Inc. (a) | 13 | 8,457 | ||||||
Chubb Corp. | 190 | 19,209 | ||||||
Church & Dwight Co., Inc. | 197 | 16,828 | ||||||
Cigna Corp. | 17 | 2,200 | ||||||
Cimarex Energy Co. | 8 | 921 | ||||||
Cisco Systems, Inc. | 276 | 7,597 | ||||||
CIT Group, Inc. | 25 | 1,128 | ||||||
Citigroup, Inc. | 333 | 17,156 | ||||||
Citrix Systems, Inc. (a) | 37 | 2,363 | ||||||
Clorox Co. | 54 | 5,961 | ||||||
CME Group, Inc. | 24 | 2,273 | ||||||
Coach, Inc. | 96 | 3,977 | ||||||
Coca-Cola Co. | 1,208 | 48,984 | ||||||
Coca-Cola Enterprises, Inc. | 65 | 2,873 | ||||||
Cognizant Technology Solutions Corp. (Class A) (a) | 22 | 1,373 | ||||||
Colgate-Palmolive Co. | 379 | 26,280 | ||||||
Comcast Corp. (Class A) | 120 | 6,776 | ||||||
Comcast Corp. (Class A) Special | 31 | 1,738 | ||||||
Comerica, Inc. | 23 | 1,038 | ||||||
Computer Sciences Corp. | 17 | 1,110 | ||||||
ConAgra Foods, Inc. | 32 | 1,169 | ||||||
ConocoPhillips | 91 | 5,666 | ||||||
CONSOL Energy, Inc. | 23 | 641 | ||||||
Consolidated Edison, Inc. | 379 | 23,119 | ||||||
Corning, Inc. | 93 | 2,109 | ||||||
Costco Wholesale Corp. | 109 | 16,513 | ||||||
Crown Castle International Corp. | 120 | 9,905 | ||||||
CSX Corp. | 52 | 1,722 | ||||||
Cummins, Inc. | 43 | 5,962 | ||||||
CVS Health Corp. | 72 | 7,431 | ||||||
Danaher Corp. | 26 | 2,207 | ||||||
Darden Restaurants, Inc. | 22 | 1,525 | ||||||
DaVita HealthCare Partners, Inc. (a) | 90 | 7,315 | ||||||
Deere & Co. | 27 | 2,368 | ||||||
Delta Air Lines, Inc. | 27 | 1,214 | ||||||
Devon Energy Corp. | 25 | 1,508 | ||||||
Dick’s Sporting Goods, Inc. | 28 | 1,596 | ||||||
DIRECTV (a) | 25 | 2,127 | ||||||
Discover Financial Services | 33 | 1,860 | ||||||
DISH Network Corp. (Class A) (a) | 18 | 1,261 | ||||||
Dollar General Corp. (a) | 85 | 6,407 | ||||||
Dollar Tree, Inc. (a) | 120 | 9,737 | ||||||
Dominion Resources, Inc. | 249 | 17,647 | ||||||
Dover Corp. | 12 | 829 | ||||||
Dow Chemical Co. | 75 | 3,598 | ||||||
Dr. Pepper Snapple Group, Inc. | 49 | 3,846 | ||||||
DTE Energy Co. | 16 | 1,291 | ||||||
Duke Energy Corp. | 248 | 19,041 | ||||||
E. I. du Pont de Nemours & Co. | 41 | 2,930 | ||||||
Eastman Chemical Co. | 40 | 2,770 | ||||||
Eaton Vance Corp. | 32 | 1,332 | ||||||
eBay, Inc. (a) | 45 | 2,596 | ||||||
Ecolab, Inc. | 171 | 19,559 | ||||||
Edison International | 24 | 1,499 | ||||||
Edwards Lifesciences Corp. (a) | 27 | 3,846 | ||||||
Eli Lilly & Co. | 469 | 34,073 | ||||||
EMC Corp. | 97 | 2,479 | ||||||
Emerson Electric Co. | 161 | �� | 9,116 | |||||
Entergy Corp. | 18 | 1,395 | ||||||
EOG Resources, Inc. | 21 | 1,925 | ||||||
EQT Corp. | 13 | 1,077 | ||||||
Equity Residential | 18 | 1,401 | ||||||
Estee Lauder Cos., Inc. (Class A) | 60 | 4,990 | ||||||
Everest Re Group, Ltd. | 100 | 17,400 | ||||||
Eversource Energy | 25 | 1,263 | ||||||
Exelon Corp. | 76 | 2,554 | ||||||
Expeditors International of Washington, Inc. | 48 | 2,313 | ||||||
Express Scripts Holding Co. (a) | 129 | 11,193 | ||||||
Exxon Mobil Corp. | 1,497 | 127,245 | ||||||
F5 Networks, Inc. (a) | 18 | 2,069 | ||||||
Facebook, Inc. (Class A) (a) | 18 | 1,480 | ||||||
Family Dollar Stores, Inc. | 138 | 10,935 | ||||||
Fastenal Co. | 74 | 3,066 | ||||||
Federal Realty Investment Trust | 81 | 11,924 | ||||||
FedEx Corp. | 17 | 2,813 | ||||||
Fidelity National Information Services, Inc. | 59 | 4,016 | ||||||
Fifth Third Bancorp | 86 | 1,621 | ||||||
FirstEnergy Corp. | 45 | 1,578 |
See accompanying notes to financial statements.
290
SPDR MSCI World Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Fiserv, Inc. (a) | 17 | $ | 1,350 | |||||
FleetCor Technologies, Inc. (a) | 15 | 2,264 | ||||||
Flowserve Corp. | 35 | 1,977 | ||||||
Fluor Corp. | 43 | 2,458 | ||||||
FMC Corp. | 33 | 1,889 | ||||||
FMC Technologies, Inc. (a) | 55 | 2,036 | ||||||
Foot Locker, Inc. | 36 | 2,268 | ||||||
Ford Motor Co. | 533 | 8,603 | ||||||
Fossil Group, Inc. (a) | 15 | 1,237 | ||||||
Franklin Resources, Inc. | 102 | 5,235 | ||||||
Freeport-McMoRan, Inc. | 81 | 1,535 | ||||||
Frontier Communications Corp. | 177 | 1,248 | ||||||
GameStop Corp. (Class A) | 36 | 1,367 | ||||||
Gap, Inc. | 79 | 3,423 | ||||||
Garmin, Ltd. | 29 | 1,378 | ||||||
General Dynamics Corp. | 71 | 9,637 | ||||||
General Electric Co. | 549 | 13,621 | ||||||
General Mills, Inc. | 659 | 37,299 | ||||||
General Motors Co. | 252 | 9,450 | ||||||
Genuine Parts Co. | 67 | 6,244 | ||||||
Genworth Financial, Inc. (Class A) (a) | 61 | 446 | ||||||
Gilead Sciences, Inc. (a) | 445 | 43,668 | ||||||
Goldman Sachs Group, Inc. | 42 | 7,895 | ||||||
Google, Inc. (Class A) (a) | 68 | 37,720 | ||||||
Google, Inc. (Class C) (a) | 63 | 34,524 | ||||||
H&R Block, Inc. | 80 | 2,566 | ||||||
Halliburton Co. | 36 | 1,580 | ||||||
Harris Corp. | 27 | 2,127 | ||||||
Hartford Financial Services Group, Inc. | 40 | 1,673 | ||||||
HCA Holdings, Inc. (a) | 21 | 1,580 | ||||||
HCP, Inc. | 26 | 1,123 | ||||||
Health Care REIT, Inc. | 181 | 14,002 | ||||||
Helmerich & Payne, Inc. | 26 | 1,770 | ||||||
Henry Schein, Inc. (a) | 125 | 17,452 | ||||||
Hershey Co. | 128 | 12,916 | ||||||
Hertz Global Holdings, Inc. (a) | 37 | 802 | ||||||
Hess Corp. | 30 | 2,036 | ||||||
Hewlett-Packard Co. | 567 | 17,668 | ||||||
HollyFrontier Corp. | 22 | 886 | ||||||
Home Depot, Inc. | 392 | 44,535 | ||||||
Honeywell International, Inc. | 179 | 18,671 | ||||||
Hormel Foods Corp. | 211 | 11,995 | ||||||
Host Hotels & Resorts, Inc. | 49 | 989 | ||||||
Hudson City Bancorp, Inc. | 112 | 1,174 | ||||||
Humana, Inc. | 13 | 2,314 | ||||||
Illinois Tool Works, Inc. | 18 | 1,749 | ||||||
Ingersoll-Rand PLC | 18 | 1,225 | ||||||
Intel Corp. | 367 | 11,476 | ||||||
Intercontinental Exchange, Inc. | 6 | 1,400 | ||||||
International Business Machines Corp. | 344 | 55,212 | ||||||
International Flavors & Fragrances, Inc. | 19 | 2,231 | ||||||
International Paper Co. | 32 | 1,776 | ||||||
Intuit, Inc. | 223 | 21,622 | ||||||
Intuitive Surgical, Inc. (a) | 9 | 4,545 | ||||||
Invesco, Ltd. | 29 | 1,151 | ||||||
J.B. Hunt Transport Services, Inc. | 68 | 5,807 | ||||||
J.M. Smucker Co. | 49 | 5,671 | ||||||
Jacobs Engineering Group, Inc. (a) | 19 | 858 | ||||||
Johnson & Johnson | 946 | 95,168 | ||||||
Johnson Controls, Inc. | 42 | 2,118 | ||||||
Joy Global, Inc. | 29 | 1,136 | ||||||
JPMorgan Chase & Co. | 384 | 23,263 | ||||||
Juniper Networks, Inc. | 41 | 926 | ||||||
Kellogg Co. | 338 | 22,291 | ||||||
Keurig Green Mountain, Inc. | 26 | 2,905 | ||||||
KeyCorp | 83 | 1,175 | ||||||
Kimberly-Clark Corp. | 284 | 30,419 | ||||||
Kinder Morgan, Inc. | 43 | 1,809 | ||||||
KLA-Tencor Corp. | 17 | 991 | ||||||
Kohl’s Corp. | 22 | 1,721 | ||||||
Kraft Foods Group, Inc. | 151 | 13,154 | ||||||
Kroger Co. | 56 | 4,293 | ||||||
L Brands, Inc. | 18 | 1,697 | ||||||
L-3 Communications Holdings, Inc. | 9 | 1,132 | ||||||
Laboratory Corp. of America Holdings (a) | 107 | 13,492 | ||||||
Las Vegas Sands Corp. | 97 | 5,339 | ||||||
Leucadia National Corp. | 40 | 892 | ||||||
Liberty Interactive Corp. (Class A) (a) | 40 | 1,168 | ||||||
Liberty Media Corp. (Class A) (a) | 33 | 1,272 | ||||||
Liberty Media Corp. (Class C) (a) | 66 | 2,521 | ||||||
Lincoln National Corp. | 22 | 1,264 | ||||||
Linear Technology Corp. | 66 | 3,089 | ||||||
Lockheed Martin Corp. | 78 | 15,831 | ||||||
Loews Corp. | 27 | 1,102 | ||||||
Lorillard, Inc. | 19 | 1,242 | ||||||
Lowe’s Cos., Inc. | 54 | 4,017 | ||||||
Lululemon Athletica, Inc. (a) | 29 | 1,857 | ||||||
M&T Bank Corp. | 9 | 1,143 | ||||||
Macy’s, Inc. | 26 | 1,688 | ||||||
ManpowerGroup, Inc. | 13 | 1,120 | ||||||
Marathon Oil Corp. | 61 | 1,593 | ||||||
Marathon Petroleum Corp. | 94 | 9,625 | ||||||
Marsh & McLennan Cos., Inc. | 156 | 8,750 | ||||||
Mastercard, Inc. (Class A) | 321 | 27,731 | ||||||
Mattel, Inc. | 94 | 2,148 | ||||||
McCormick & Co., Inc. | 171 | 13,186 | ||||||
McDonald’s Corp. | 590 | 57,490 | ||||||
McGraw Hill Financial, Inc. | 78 | 8,065 | ||||||
McKesson Corp. | 54 | 12,215 | ||||||
Merck & Co., Inc. | 445 | 25,579 | ||||||
MetLife, Inc. | 90 | 4,549 | ||||||
Mettler-Toledo International, Inc. (a) | 9 | 2,958 | ||||||
MGM Resorts International (a) | 41 | 862 | ||||||
Micron Technology, Inc. (a) | 40 | 1,085 | ||||||
Microsoft Corp. | 2,242 | 91,149 | ||||||
Molson Coors Brewing Co. (Class B) | 16 | 1,191 | ||||||
Mondelez International, Inc. (Class A) | 109 | 3,934 | ||||||
Monsanto Co. | 15 | 1,688 | ||||||
Monster Beverage Corp. (a) | 42 | 5,813 | ||||||
Morgan Stanley | 106 | 3,783 | ||||||
Mosaic Co. | 24 | 1,105 | ||||||
Motorola Solutions, Inc. | 155 | 10,334 | ||||||
Murphy Oil Corp. | 17 | 792 | ||||||
Nabors Industries, Ltd. | 42 | 573 | ||||||
National Oilwell Varco, Inc. | 26 | 1,300 | ||||||
Navient Corp. | 70 | 1,423 | ||||||
NetApp, Inc. | 29 | 1,028 | ||||||
New York Community Bancorp, Inc. | 73 | 1,221 |
See accompanying notes to financial statements.
291
SPDR MSCI World Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Newell Rubbermaid, Inc. | 67 | $ | 2,618 | |||||
Newmont Mining Corp. | 684 | 14,850 | ||||||
News Corp. (Class A) (a) | 63 | 1,009 | ||||||
NextEra Energy, Inc. | 85 | 8,844 | ||||||
NIKE, Inc. (Class B) | 185 | 18,561 | ||||||
NiSource, Inc. | 28 | 1,236 | ||||||
Noble Energy, Inc. | 15 | 734 | ||||||
Nordstrom, Inc. | 39 | 3,132 | ||||||
Norfolk Southern Corp. | 15 | 1,544 | ||||||
Northern Trust Corp. | 18 | 1,254 | ||||||
Northrop Grumman Corp. | 52 | 8,370 | ||||||
NRG Energy, Inc. | 30 | 756 | ||||||
Nucor Corp. | 21 | 998 | ||||||
NVIDIA Corp. | 59 | 1,235 | ||||||
O’Reilly Automotive, Inc. (a) | 63 | 13,623 | ||||||
Occidental Petroleum Corp. | 52 | 3,796 | ||||||
Oceaneering International, Inc. | 27 | 1,456 | ||||||
Omnicare, Inc. | 88 | 6,781 | ||||||
Omnicom Group, Inc. | 65 | 5,069 | ||||||
ONEOK, Inc. | 16 | 772 | ||||||
Oracle Corp. | 933 | 40,259 | ||||||
PACCAR, Inc. | 18 | 1,137 | ||||||
Pall Corp. | 25 | 2,510 | ||||||
Parker-Hannifin Corp. | 9 | 1,069 | ||||||
PartnerRe, Ltd. | 100 | 11,433 | ||||||
Patterson Cos., Inc. | 106 | 5,172 | ||||||
Paychex, Inc. | 498 | 24,708 | ||||||
People’s United Financial, Inc. | 407 | 6,186 | ||||||
PepsiCo, Inc. | 605 | 57,850 | ||||||
Pfizer, Inc. | 624 | 21,709 | ||||||
PG&E Corp. | 285 | 15,125 | ||||||
Philip Morris International, Inc. | 63 | 4,746 | ||||||
Phillips 66 | 182 | 14,305 | ||||||
Pioneer Natural Resources Co. | 5 | 818 | ||||||
PNC Financial Services Group, Inc. | 54 | 5,035 | ||||||
Polaris Industries, Inc. | 19 | 2,681 | ||||||
PPG Industries, Inc. | 6 | 1,353 | ||||||
PPL Corp. | 44 | 1,481 | ||||||
Praxair, Inc. | 66 | 7,969 | ||||||
Precision Castparts Corp. | 31 | 6,510 | ||||||
Priceline Group, Inc. (a) | 13 | 15,134 | ||||||
Principal Financial Group, Inc. | 22 | 1,130 | ||||||
Procter & Gamble Co. | 910 | 74,565 | ||||||
Progressive Corp. | 151 | 4,107 | ||||||
ProLogis, Inc. | 27 | 1,176 | ||||||
Prudential Financial, Inc. | 35 | 2,811 | ||||||
Public Service Enterprise Group, Inc. | 36 | 1,509 | ||||||
Public Storage | 78 | 15,377 | ||||||
Pulte Group, Inc. | 54 | 1,200 | ||||||
QUALCOMM, Inc. | 661 | 45,834 | ||||||
Quest Diagnostics, Inc. | 18 | 1,383 | ||||||
Ralph Lauren Corp. | 15 | 1,972 | ||||||
Range Resources Corp. | 38 | 1,978 | ||||||
Raytheon Co. | 77 | 8,412 | ||||||
Regions Financial Corp. | 136 | 1,285 | ||||||
RenaissanceRe Holdings, Ltd. | 100 | 9,973 | ||||||
Republic Services, Inc. | 137 | 5,557 | ||||||
ResMed, Inc. | 34 | 2,441 | ||||||
Reynolds American, Inc. | 111 | 7,649 | ||||||
Robert Half International, Inc. | 38 | 2,300 | ||||||
Rock-Tenn Co. (Class A) | 22 | 1,419 | ||||||
Rockwell Automation, Inc. | 37 | 4,292 | ||||||
Rockwell Collins, Inc. | 38 | 3,669 | ||||||
Ross Stores, Inc. | 98 | 10,325 | ||||||
Royal Caribbean Cruises, Ltd. | 19 | 1,555 | ||||||
SanDisk Corp. | 12 | 763 | ||||||
SBA Communications Corp. (Class A) (a) | 116 | 13,584 | ||||||
SCANA Corp. | 30 | 1,650 | ||||||
Schlumberger, Ltd. | 300 | 25,032 | ||||||
Scripps Networks Interactive, Inc. (Class A) | 21 | 1,440 | ||||||
SEI Investments Co. | 39 | 1,720 | ||||||
Sempra Energy | 22 | 2,398 | ||||||
Sherwin-Williams Co. | 50 | 14,225 | ||||||
Sigma-Aldrich Corp. | 28 | 3,871 | ||||||
Simon Property Group, Inc. | 7 | 1,369 | ||||||
Skyworks Solutions, Inc. | 41 | 4,030 | ||||||
Southern Co. | 652 | 28,871 | ||||||
Southwest Airlines Co. | 6 | 266 | ||||||
Southwestern Energy Co. (a) | 78 | 1,809 | ||||||
Spectra Energy Corp. | 52 | 1,881 | ||||||
St. Jude Medical, Inc. | 66 | 4,316 | ||||||
Stanley Black & Decker, Inc. | 12 | 1,144 | ||||||
Staples, Inc. | 93 | 1,515 | ||||||
Starbucks Corp. | 324 | 30,683 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 13 | 1,085 | ||||||
State Street Corp. (e) | 36 | 2,647 | ||||||
Stericycle, Inc. (a) | 105 | 14,745 | ||||||
Stryker Corp. | 13 | 1,199 | ||||||
SunTrust Banks, Inc. | 53 | 2,178 | ||||||
Symantec Corp. | 46 | 1,075 | ||||||
Synopsys, Inc. (a) | 194 | 8,986 | ||||||
Sysco Corp. | 213 | 8,036 | ||||||
T. Rowe Price Group, Inc. | 67 | 5,426 | ||||||
Target Corp. | 266 | 21,831 | ||||||
TD Ameritrade Holding Corp. | 61 | 2,273 | ||||||
Teradata Corp. (a) | 41 | 1,810 | ||||||
Tesoro Corp. | 21 | 1,917 | ||||||
Texas Instruments, Inc. | 38 | 2,173 | ||||||
Textron, Inc. | 28 | 1,241 | ||||||
Thermo Fisher Scientific, Inc. | 13 | 1,746 | ||||||
Tiffany & Co. | 29 | 2,552 | ||||||
Time Warner Cable, Inc. | 14 | 2,098 | ||||||
Time Warner, Inc. | 61 | 5,151 | ||||||
TJX Cos., Inc. | 348 | 24,377 | ||||||
Tractor Supply Co. | 39 | 3,317 | ||||||
Travelers Cos., Inc. | 125 | 13,516 | ||||||
TripAdvisor, Inc. (a) | 28 | 2,329 | ||||||
TRW Automotive Holdings Corp. (a) | 12 | 1,258 | ||||||
Twenty-First Century Fox, Inc. (Class A) | 57 | 1,929 | ||||||
Twenty-First Century Fox, Inc. (Class B) | 30 | 986 | ||||||
Tyson Foods, Inc. (Class A) | 28 | 1,072 | ||||||
U.S. Bancorp | 189 | 8,254 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc. (a) | 15 | 2,263 | ||||||
Under Armour, Inc. (Class A) (a) | 34 | 2,745 | ||||||
Union Pacific Corp. | 229 | 24,803 | ||||||
United Parcel Service, Inc. (Class B) | 137 | 13,281 | ||||||
United Technologies Corp. | 39 | 4,571 | ||||||
UnitedHealth Group, Inc. | 159 | 18,808 |
See accompanying notes to financial statements.
292
SPDR MSCI World Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Universal Health Services, Inc. (Class B) | 12 | $ | 1,413 | |||||
Unum Group | 30 | 1,012 | ||||||
Urban Outfitters, Inc. (a) | 33 | 1,506 | ||||||
V.F. Corp. | 200 | 15,062 | ||||||
Valero Energy Corp. | 81 | 5,153 | ||||||
Varian Medical Systems, Inc. (a) | 100 | 9,409 | ||||||
Ventas, Inc. | 61 | 4,454 | ||||||
Verisk Analytics, Inc. (Class A) (a) | 200 | 14,280 | ||||||
Verizon Communications, Inc. | 770 | 37,445 | ||||||
Viacom, Inc. (Class B) | 95 | 6,488 | ||||||
Visa, Inc. (Class A) | 640 | 41,862 | ||||||
Voya Financial, Inc. | 28 | 1,207 | ||||||
W.R. Berkley Corp. | 239 | 12,072 | ||||||
W.W. Grainger, Inc. | 16 | 3,773 | ||||||
Wabtec Corp. | 22 | 2,090 | ||||||
Wal-Mart Stores, Inc. | 705 | 57,986 | ||||||
Walgreens Boots Alliance, Inc. | 44 | 3,726 | ||||||
Walt Disney Co. | 58 | 6,084 | ||||||
Waste Management, Inc. | 329 | 17,842 | ||||||
Waters Corp. (a) | 21 | 2,611 | ||||||
Wells Fargo & Co. | 382 | 20,781 | ||||||
Western Digital Corp. | 13 | 1,183 | ||||||
Western Union Co. | 68 | 1,415 | ||||||
Westlake Chemical Corp. | 13 | 935 | ||||||
Weyerhaeuser Co. | 34 | 1,127 | ||||||
Whirlpool Corp. | 7 | 1,414 | ||||||
Whiting Petroleum Corp. (a) | 14 | 433 | ||||||
Whole Foods Market, Inc. | 100 | 5,208 | ||||||
Williams Cos., Inc. | 22 | 1,113 | ||||||
Wisconsin Energy Corp. | 194 | 9,603 | ||||||
Xcel Energy, Inc. | 338 | 11,766 | ||||||
Xerox Corp. | 123 | 1,581 | ||||||
Xilinx, Inc. | 57 | 2,411 | ||||||
XL Group PLC | 32 | 1,178 | ||||||
Yahoo!, Inc. (a) | 43 | 1,911 | ||||||
Yum! Brands, Inc. | 128 | 10,076 | ||||||
Zimmer Holdings, Inc. | 10 | 1,174 | ||||||
3,647,850 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $6,037,226) | 6,214,179 | |||||||
RIGHTS — 0.0% (c) | ||||||||
SPAIN — 0.0% (c) | ||||||||
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/15) (a) | 445 | 64 | ||||||
Banco de Sabadell SA (expiring 4/17/15) (a) | 314 | 80 | ||||||
Telefonica SA (expiring 4/10/15) (a) | 422 | 68 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $63) | 212 | |||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
UNITED STATES — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) (Cost $2,468) | 2,468 | 2,468 | ||||||
TOTAL INVESTMENTS — 99.6% | ||||||||
(Cost $6,039,757) | 6,216,859 | |||||||
OTHER ASSETS & LIABILITIES — 0.4% | 26,131 | |||||||
NET ASSETS — 100.0% | $ | 6,242,990 | ||||||
(a) | Non-income producing security | |||||
(b) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(d) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.0% of net assets as of March 31, 2015, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(e) | Affiliated issuer (Note 3). | |||||
(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 (partnership limited by shares)
See accompanying notes to financial statements.
293
SPDR MSCI Australia Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.3% | ||||||||
AIR FREIGHT & LOGISTICS — 0.6% | ||||||||
Toll Holdings, Ltd. | 2,360 | $ | 15,974 | |||||
AIRLINES — 0.3% | ||||||||
Qantas Airways, Ltd. (a) | 3,282 | 7,823 | ||||||
BANKS — 20.5% | ||||||||
Australia & New Zealand Banking Group, Ltd. | 4,459 | 124,812 | ||||||
Bank of Queensland, Ltd. | 160 | 1,685 | ||||||
Bendigo & Adelaide Bank, Ltd. | 1,741 | 16,692 | ||||||
Commonwealth Bank of Australia | 1,930 | 137,711 | ||||||
National Australia Bank, Ltd. | 4,261 | 125,488 | ||||||
Westpac Banking Corp. | 4,691 | 141,126 | ||||||
547,514 | ||||||||
BEVERAGES — 0.5% | ||||||||
Coca-Cola Amatil, Ltd. | 1,563 | 12,872 | ||||||
Treasury Wine Estates, Ltd. | 452 | 1,768 | ||||||
14,640 | ||||||||
BIOTECHNOLOGY — 5.3% | ||||||||
CSL, Ltd. | 2,020 | 142,158 | ||||||
CAPITAL MARKETS — 0.8% | ||||||||
Macquarie Group, Ltd. | 341 | 19,973 | ||||||
Platinum Asset Management, Ltd. | 80 | 478 | ||||||
20,451 | ||||||||
CHEMICALS — 2.0% | ||||||||
Incitec Pivot, Ltd. | 7,593 | 23,609 | ||||||
Orica, Ltd. | 1,999 | 30,558 | ||||||
54,167 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 3.0% | ||||||||
Brambles, Ltd. | 9,153 | 80,553 | ||||||
CONSTRUCTION & ENGINEERING — 0.3% | ||||||||
Leighton Holdings, Ltd. | 444 | 7,174 | ||||||
CONSTRUCTION MATERIALS — 0.8% | ||||||||
Boral, Ltd. | 1,515 | 7,384 | ||||||
James Hardie Industries PLC | 1,293 | 15,074 | ||||||
22,458 | ||||||||
CONTAINERS & PACKAGING — 3.7% | ||||||||
Amcor, Ltd. | 9,109 | 97,702 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 1.8% | ||||||||
ASX, Ltd. | 1,512 | 47,832 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 5.0% | ||||||||
Telstra Corp., Ltd. | 26,838 | 129,373 | ||||||
TPG Telecom, Ltd. | 434 | 3,041 | ||||||
132,414 | ||||||||
ELECTRIC UTILITIES — 0.3% | ||||||||
AusNet Services | 6,079 | 6,780 | ||||||
ENERGY EQUIPMENT & SERVICES — 0.2% | ||||||||
WorleyParsons, Ltd. | 785 | 5,727 | ||||||
FOOD & STAPLES RETAILING — 10.7% | ||||||||
Wesfarmers, Ltd. | 4,451 | 149,479 | ||||||
Woolworths, Ltd. | 6,105 | 137,539 | ||||||
287,018 | ||||||||
GAS UTILITIES — 0.9% | ||||||||
APA Group | 3,651 | 25,242 | ||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.6% | ||||||||
Cochlear, Ltd. | 238 | 16,460 | ||||||
HEALTH CARE PROVIDERS & SERVICES — 3.7% | ||||||||
Healthscope, Ltd. | 8,054 | 18,827 | ||||||
Ramsay Health Care, Ltd. | 880 | 45,204 | ||||||
Sonic Healthcare, Ltd. | 2,230 | 34,822 | ||||||
98,853 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 1.5% | ||||||||
Crown Resorts, Ltd. | 1,361 | 13,901 | ||||||
Flight Centre Travel Group, Ltd. | 226 | 6,846 | ||||||
Tabcorp Holdings, Ltd. | 1,313 | 4,755 | ||||||
Tatts Group, Ltd. | 4,523 | 13,752 | ||||||
39,254 | ||||||||
INSURANCE — 4.2% | ||||||||
AMP, Ltd. | 3,830 | 18,843 | ||||||
Insurance Australia Group, Ltd. | 7,815 | 36,418 | ||||||
QBE Insurance Group, Ltd. | 1,553 | 15,471 | ||||||
Suncorp Group, Ltd. | 3,899 | 40,212 | ||||||
110,944 | ||||||||
IT SERVICES — 0.1% | ||||||||
Computershare, Ltd. | 248 | 2,410 | ||||||
MEDIA — 0.2% | ||||||||
REA Group, Ltd. | 159 | 5,864 | ||||||
METALS & MINING — 12.4% | ||||||||
Alumina, Ltd. | 2,763 | 3,388 | ||||||
BHP Billiton, Ltd. | 8,313 | 197,063 | ||||||
Fortescue Metals Group, Ltd. | 8,188 | 12,260 | ||||||
Iluka Resources, Ltd. | 1,777 | 11,539 | ||||||
Newcrest Mining, Ltd. (a) | 1,707 | 17,435 | ||||||
Rio Tinto, Ltd. | 2,035 | 88,972 | ||||||
330,657 | ||||||||
MULTI-UTILITIES — 1.4% | ||||||||
AGL Energy, Ltd. | 3,265 | 37,913 | ||||||
MULTILINE RETAIL — 0.2% | ||||||||
Harvey Norman Holdings, Ltd. | 1,841 | 6,259 | ||||||
OIL, GAS & CONSUMABLE FUELS — 4.0% | ||||||||
Caltex Australia, Ltd. | 204 | 5,447 | ||||||
Origin Energy, Ltd. | 1,191 | 10,291 | ||||||
Santos, Ltd. | 827 | 4,511 | ||||||
Woodside Petroleum, Ltd. | 3,320 | 87,553 | ||||||
107,802 | ||||||||
PROFESSIONAL SERVICES — 0.7% | ||||||||
ALS, Ltd. | 1,360 | 5,153 | ||||||
Seek, Ltd. | 1,087 | 14,217 | ||||||
19,370 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 8.4% | ||||||||
Dexus Property Group | 1,560 | 9,034 | ||||||
Federation Centres | 4,308 | 10,005 | ||||||
Goodman Group | 3,881 | 18,827 | ||||||
GPT Group | 9,767 | 34,099 | ||||||
Mirvac Group | 4,254 | 6,532 | ||||||
Novion Property Group | 13,088 | 25,096 |
See accompanying notes to financial statements.
294
SPDR MSCI Australia Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Scentre Group | 15,574 | $ | 44,498 | |||||
Stockland | 6,370 | 21,899 | ||||||
Westfield Corp. | 7,328 | 53,463 | ||||||
223,453 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.0% | ||||||||
Lend Lease Group | 2,076 | 26,390 | ||||||
ROAD & RAIL — 0.6% | ||||||||
Asciano, Ltd. | 665 | 3,221 | ||||||
Aurizon Holdings, Ltd. | 3,675 | 13,616 | ||||||
16,837 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 2.6% | ||||||||
Sydney Airport | 4,564 | 18,061 | ||||||
Transurban Group | 7,135 | 51,946 | ||||||
70,007 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $3,000,976) | 2,628,100 | |||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
UNITED STATES — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (b)(c) (Cost $2,744) | 2,744 | 2,744 | ||||||
TOTAL INVESTMENTS — 98.4% | ||||||||
(Cost $3,003,720) | 2,630,844 | |||||||
OTHER ASSETS & LIABILITIES — 1.6% | 41,595 | |||||||
NET ASSETS — 100.0% | $ | 2,672,439 | ||||||
(a) | Non-income producing security | |||||
(b) | Affiliated Fund managed by SSGA Funds Management, Inc. (Note 3). | |||||
(c) | The rate shown is the annualized seven-day yield at period end. |
PLC = Public Limited Company
See accompanying notes to financial statements.
295
SPDR MSCI Canada Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.4% | ||||||||
AEROSPACE & DEFENSE — 0.2% | ||||||||
Bombardier, Inc. (Class B) | 2,094 | $ | 4,133 | |||||
CAE, Inc. | 161 | 1,879 | ||||||
6,012 | ||||||||
AUTO COMPONENTS — 2.6% | ||||||||
Magna International, Inc. | 1,336 | 71,426 | ||||||
BANKS — 16.1% | ||||||||
Bank of Montreal | 1,031 | 61,787 | ||||||
Bank of Nova Scotia | 1,591 | 79,820 | ||||||
Canadian Imperial Bank of Commerce | 1,201 | 87,071 | ||||||
National Bank of Canada | 918 | 33,516 | ||||||
Royal Bank of Canada | 1,437 | 86,504 | ||||||
Toronto-Dominion Bank | 2,062 | 88,260 | ||||||
436,958 | ||||||||
CAPITAL MARKETS — 2.5% | ||||||||
CI Financial Corp. | 2,322 | 64,921 | ||||||
IGM Financial, Inc. | 106 | 3,767 | ||||||
68,688 | ||||||||
CHEMICALS — 3.8% | ||||||||
Agrium, Inc. | 214 | 22,304 | ||||||
Methanex Corp. | 54 | 2,891 | ||||||
Potash Corp. of Saskatchewan, Inc. | 2,438 | 78,597 | ||||||
103,792 | ||||||||
CONSTRUCTION & ENGINEERING — 0.1% | ||||||||
SNC-Lavalin Group, Inc. | 107 | 3,323 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 0.6% | ||||||||
Onex Corp. | 277 | 16,086 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.6% | ||||||||
BCE, Inc. | 425 | 17,993 | ||||||
TELUS Corp. | 1,613 | 53,580 | ||||||
71,573 | ||||||||
ELECTRIC UTILITIES — 1.2% | ||||||||
Fortis, Inc. | 1,038 | 31,619 | ||||||
FOOD & STAPLES RETAILING — 7.3% | ||||||||
Alimentation Couche-Tard, Inc. (Class B) | 2,000 | 79,700 | ||||||
Empire Co., Ltd. (Class A) | 272 | 18,966 | ||||||
George Weston, Ltd. | 278 | 22,021 | ||||||
Jean Coutu Group PJC, Inc. (Class A) | 52 | 1,111 | ||||||
Loblaw Cos., Ltd. | 425 | 20,779 | ||||||
Metro, Inc., (Class A) | 2,007 | 54,386 | ||||||
196,963 | ||||||||
FOOD PRODUCTS — 2.0% | ||||||||
Saputo, Inc. | 1,980 | 54,421 | ||||||
HEALTH CARE PROVIDERS & SERVICES — 0.3% | ||||||||
Catamaran Corp. (a) | 138 | 8,216 | ||||||
HOTELS, RESTAURANTS & LEISURE — 1.4% | ||||||||
Restaurant Brands International, Inc. | 975 | 37,383 | ||||||
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.1% | ||||||||
TransAlta Corp. | 402 | 3,729 | ||||||
INSURANCE — 10.4% | ||||||||
Fairfax Financial Holdings, Ltd. | 63 | 35,318 | ||||||
Great-West Lifeco, Inc. | 2,713 | 78,444 | ||||||
Industrial Alliance Insurance & Financial Services, Inc. | 107 | 3,580 | ||||||
Intact Financial Corp. | 1,078 | 81,218 | ||||||
Manulife Financial Corp. | 1,352 | 22,962 | ||||||
Power Corp. of Canada | 673 | 17,812 | ||||||
Power Financial Corp. | 862 | 25,516 | ||||||
Sun Life Financial, Inc. | 570 | 17,566 | ||||||
282,416 | ||||||||
IT SERVICES — 1.9% | ||||||||
CGI Group, Inc. (Class A) (a) | 1,214 | 51,493 | ||||||
MEDIA — 2.5% | ||||||||
Shaw Communications, Inc. (Class B) | 1,215 | 27,264 | ||||||
Thomson Reuters Corp. | 981 | 39,775 | ||||||
67,039 | ||||||||
METALS & MINING — 4.2% | ||||||||
Agnico-Eagle Mines, Ltd. | 298 | 8,280 | ||||||
Barrick Gold Corp. | 2,653 | 29,012 | ||||||
Eldorado Gold Corp. | 625 | 2,867 | ||||||
First Quantum Minerals, Ltd. | 551 | 6,678 | ||||||
Franco-Nevada Corp. | 198 | 9,596 | ||||||
Goldcorp, Inc. | 1,267 | 22,929 | ||||||
Kinross Gold Corp. (a) | 1,749 | 3,881 | ||||||
New Gold, Inc. (a) | 576 | 1,933 | ||||||
Silver Wheaton Corp. | 281 | 5,338 | ||||||
Teck Resources, Ltd. (Class B) | 1,207 | 16,564 | ||||||
Turquoise Hill Resources, Ltd. (a) | 390 | 1,216 | ||||||
Yamana Gold, Inc. | 1,900 | 6,811 | ||||||
115,105 | ||||||||
MULTI-UTILITIES — 1.3% | ||||||||
Atco, Ltd. (Class I) | 195 | 6,947 | ||||||
Canadian Utilities, Ltd. (Class A) | 874 | 27,445 | ||||||
34,392 | ||||||||
MULTILINE RETAIL — 3.1% | ||||||||
Canadian Tire Corp., Ltd. (Class A) | 144 | 14,671 | ||||||
Dollarama, Inc. | 1,244 | 69,542 | ||||||
84,213 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 20.9% | ||||||||
AltaGas, Ltd. | 348 | 11,612 | ||||||
ARC Resources, Ltd. | 268 | 4,605 | ||||||
Baytex Energy Corp. | 99 | 1,566 | ||||||
Cameco Corp. | 270 | 3,763 | ||||||
Canadian Natural Resources, Ltd. | 2,263 | 69,364 | ||||||
Canadian Oil Sands, Ltd. | 2,918 | 22,694 | ||||||
Cenovus Energy, Inc. | 1,257 | 21,190 | ||||||
Crescent Point Energy Corp. | 508 | 11,327 | ||||||
Enbridge, Inc. | 949 | 45,745 | ||||||
Encana Corp. | 627 | 7,000 | ||||||
Enerplus Corp. | 172 | 1,744 | ||||||
Husky Energy, Inc. | 2,636 | 53,802 | ||||||
Imperial Oil, Ltd. | 1,906 | 76,074 | ||||||
Inter Pipeline, Ltd. | 541 | 13,943 | ||||||
Keyera Corp. | 197 | 13,105 | ||||||
MEG Energy Corp. (a) | 72 | 1,163 | ||||||
Paramount Resources, Ltd. (Class A) (a) | 11 | 271 | ||||||
Pembina Pipeline Corp. | 511 | 16,147 |
See accompanying notes to financial statements.
296
SPDR MSCI Canada Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Peyto Exploration & Development Corp. | 661 | $ | 17,724 | |||||
PrairieSky Royalty, Ltd. | 84 | 1,982 | ||||||
Suncor Energy, Inc. | 3,151 | 92,079 | ||||||
Talisman Energy, Inc. | 1,921 | 14,728 | ||||||
Tourmaline Oil Corp. (a) | 67 | 2,028 | ||||||
TransCanada Corp. | 962 | 41,138 | ||||||
Vermilion Energy, Inc. | 531 | 22,326 | ||||||
567,120 | ||||||||
PAPER & FOREST PRODUCTS — 0.1% | ||||||||
West Fraser Timber Co., Ltd. | 41 | 2,098 | ||||||
PHARMACEUTICALS — 0.7% | ||||||||
Valeant Pharmaceuticals International, Inc. (a) | 95 | 18,768 | ||||||
REAL ESTATE INVESTMENT TRUSTS — 1.4% | ||||||||
H&R REIT | 983 | 18,108 | ||||||
RioCan REIT | 901 | 20,609 | ||||||
38,717 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.9% | ||||||||
Brookfield Asset Management, Inc. (Class A) | 530 | 28,348 | ||||||
First Capital Realty, Inc. | 1,508 | 23,492 | ||||||
51,840 | ||||||||
ROAD & RAIL — 5.4% | ||||||||
Canadian National Railway Co. | 1,400 | 93,761 | ||||||
Canadian Pacific Railway, Ltd. | 290 | 53,100 | ||||||
146,861 | ||||||||
SOFTWARE — 1.3% | ||||||||
Constellation Software, Inc. | 11 | 3,802 | ||||||
Open Text Corp. | 616 | 32,519 | ||||||
36,321 | ||||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 0.2% | ||||||||
BlackBerry, Ltd. (a) | 445 | 3,967 | ||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.5% | ||||||||
Gildan Activewear, Inc. | 1,356 | 39,979 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.7% | ||||||||
Finning International, Inc. | 955 | 17,765 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 1.1% | ||||||||
Rogers Communications, Inc. (Class B) | 857 | 28,691 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $3,006,572) | 2,696,974 | |||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
UNITED STATES — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (b)(c) (Cost $1,793) | 1,793 | 1,793 | ||||||
TOTAL INVESTMENTS — 99.5% | ||||||||
(Cost $3,008,365) | 2,698,767 | |||||||
OTHER ASSETS & LIABILITIES — 0.5% | 13,309 | |||||||
NET ASSETS — 100.0% | $ | 2,712,076 | ||||||
(a) | Non-income producing security | |||||
(b) | Affiliated Fund managed by SSGA Funds Management, Inc. (Note 3). | |||||
(c) | The rate shown is the annualized seven-day yield at period end. |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
297
SPDR MSCI Germany Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 100.0% | ||||||||
AIR FREIGHT & LOGISTICS — 3.3% | ||||||||
Deutsche Post AG | 9,004 | $ | 281,357 | |||||
AIRLINES — 0.3% | ||||||||
Deutsche Lufthansa AG | 2,022 | 28,405 | ||||||
AUTO COMPONENTS — 2.3% | ||||||||
Continental AG | 825 | 195,197 | ||||||
AUTOMOBILES — 10.2% | ||||||||
Bayerische Motoren Werke AG | 895 | 111,935 | ||||||
Bayerische Motoren Werke AG Preference Shares | 1,267 | 117,311 | ||||||
Daimler AG | 2,823 | 272,053 | ||||||
Porsche Automobil Holding SE Preference Shares | 738 | 72,500 | ||||||
Volkswagen AG | 138 | 35,578 | ||||||
Volkswagen AG Preference Shares | 996 | 265,126 | ||||||
874,503 | ||||||||
BANKS — 0.7% | ||||||||
Commerzbank AG (a) | 4,400 | 60,724 | ||||||
BIOTECHNOLOGY — 0.9% | ||||||||
QIAGEN NV (a) | 3,096 | 78,040 | ||||||
CAPITAL MARKETS — 2.5% | ||||||||
Deutsche Bank AG | 6,129 | 213,011 | ||||||
CHEMICALS — 10.9% | ||||||||
BASF SE | 5,692 | 565,777 | ||||||
Fuchs Petrolub SE Preference Shares | 1,361 | 54,434 | ||||||
K+S AG | 1,446 | 47,227 | ||||||
Lanxess AG | 248 | 13,218 | ||||||
Linde AG | 979 | 199,406 | ||||||
Symrise AG | 910 | 57,507 | ||||||
937,569 | ||||||||
CONSTRUCTION MATERIALS — 0.3% | ||||||||
HeidelbergCement AG | 343 | 27,190 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 1.5% | ||||||||
Deutsche Boerse AG | 1,603 | 130,947 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 4.5% | ||||||||
Deutsche Telekom AG | 16,300 | 298,481 | ||||||
Telefonica Deutschland Holding AG (a) | 16,141 | 93,195 | ||||||
391,676 | ||||||||
ELECTRICAL EQUIPMENT — 0.1% | ||||||||
OSRAM Licht AG | 171 | 8,503 | ||||||
FOOD & STAPLES RETAILING — 0.3% | ||||||||
Metro AG | 842 | 28,572 | ||||||
HEALTH CARE PROVIDERS & SERVICES — 5.7% | ||||||||
Celesio AG | 1,008 | 29,771 | ||||||
Fresenius Medical Care AG & Co. KGaA | 3,166 | 263,386 | ||||||
Fresenius SE & Co. KGaA | 3,312 | 197,739 | ||||||
490,896 | ||||||||
HOUSEHOLD PRODUCTS — 3.6% | ||||||||
Henkel AG & Co. KGaA | 660 | 68,176 | ||||||
Henkel AG & Co. KGaA Preference Shares | 2,025 | 238,255 | ||||||
306,431 | ||||||||
INDUSTRIAL CONGLOMERATES — 5.9% | ||||||||
Siemens AG | 4,659 | 503,879 | ||||||
INSURANCE — 13.6% | ||||||||
Allianz SE | 3,420 | 594,488 | ||||||
Hannover Rueck SE | 1,503 | 155,288 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 1,941 | 418,490 | ||||||
1,168,266 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.8% | ||||||||
United Internet AG | 1,562 | 71,138 | ||||||
MACHINERY — 1.9% | ||||||||
GEA Group AG | 1,724 | 83,395 | ||||||
MAN SE | 790 | 83,149 | ||||||
166,544 | ||||||||
MEDIA — 3.6% | ||||||||
Axel Springer SE | 679 | 40,109 | ||||||
Kabel Deutschland Holding AG (a) | 632 | 82,131 | ||||||
ProSiebenSat.1 Media AG | 1,894 | 92,971 | ||||||
RTL Group SA | 1,022 | 98,380 | ||||||
313,591 | ||||||||
METALS & MINING — 0.3% | ||||||||
ThyssenKrupp AG | 1,030 | 27,030 | ||||||
MULTI-UTILITIES — 4.3% | ||||||||
E.ON SE | 17,877 | 266,591 | ||||||
RWE AG | 4,158 | 106,194 | ||||||
372,785 | ||||||||
PERSONAL PRODUCTS — 2.4% | ||||||||
Beiersdorf AG | 2,341 | 203,401 | ||||||
PHARMACEUTICALS — 8.2% | ||||||||
Bayer AG | 3,168 | 476,170 | ||||||
Merck KGaA | 2,063 | 231,648 | ||||||
707,818 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.1% | ||||||||
Deutsche Annington Immobilien SE | 2,161 | 72,877 | ||||||
Deutsche Wohnen AG | 894 | 22,890 | ||||||
95,767 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.3% | ||||||||
Infineon Technologies AG | 9,570 | 114,396 | ||||||
SOFTWARE — 5.0% | ||||||||
SAP SE | 5,950 | 431,537 | ||||||
TEXTILES, APPAREL & LUXURY GOODS — 3.8% | ||||||||
adidas AG | 2,272 | 179,813 | ||||||
Hugo Boss AG | 1,202 | 146,200 | ||||||
326,013 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 0.5% | ||||||||
Brenntag AG | 690 | 41,321 | ||||||
TRANSPORTATION INFRASTRUCTURE — 0.2% | ||||||||
Fraport AG Frankfurt Airport Services Worldwide | 338 | 20,209 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $8,463,133) | 8,616,716 | |||||||
See accompanying notes to financial statements.
298
SPDR MSCI Germany Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
SHORT TERM INVESTMENT — 0.0% (b) | ||||||||
UNITED STATES — 0.0% (b) | ||||||||
MONEY MARKET FUND — 0.0% (b) | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (c)(d) (Cost $694) | 694 | $ | 694 | |||||
TOTAL INVESTMENTS — 100.0% | ||||||||
(Cost $8,463,827) | 8,617,410 | |||||||
OTHER ASSETS & LIABILITIES — 0.0% (b) | 233 | |||||||
NET ASSETS — 100.0% | $ | 8,617,643 | ||||||
(a) | Non-income producing security | |||||
(b) | Amount shown represents less than 0.05% of net assets. | |||||
(c) | Affiliated Fund managed by SSGA Funds Management, Inc. (Note 3). | |||||
(d) | The rate shown is the annualized seven-day yield at period end. |
See accompanying notes to financial statements.
299
SPDR MSCI Japan Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.1% | ||||||||
AIR FREIGHT & LOGISTICS — 0.5% | ||||||||
Yamato Holdings Co., Ltd. | 1,300 | $ | 30,049 | |||||
AIRLINES — 1.2% | ||||||||
ANA Holdings, Inc. | 9,000 | 24,150 | ||||||
Japan Airlines Co., Ltd. | 1,800 | 56,135 | ||||||
80,285 | ||||||||
AUTO COMPONENTS — 3.2% | ||||||||
Aisin Seiki Co., Ltd. | 400 | 14,542 | ||||||
Bridgestone Corp. | 1,000 | 40,158 | ||||||
Denso Corp. | 900 | 41,148 | ||||||
Koito Manufacturing Co., Ltd. | 600 | 18,086 | ||||||
NGK Spark Plug Co., Ltd. | 1,000 | 26,934 | ||||||
NHK Spring Co., Ltd. | 200 | 2,090 | ||||||
NOK Corp. | 100 | 3,019 | ||||||
Stanley Electric Co., Ltd. | 100 | 2,266 | ||||||
Sumitomo Electric Industries, Ltd. | 700 | 9,193 | ||||||
Sumitomo Rubber Industries, Inc. | 1,100 | 20,344 | ||||||
Toyoda Gosei Co., Ltd. | 100 | 2,240 | ||||||
Toyota Industries Corp. | 300 | 17,211 | ||||||
Yokohama Rubber Co., Ltd. | 1,000 | 10,340 | ||||||
207,571 | ||||||||
AUTOMOBILES — 8.4% | ||||||||
Daihatsu Motor Co., Ltd. | 1,500 | 22,989 | ||||||
Fuji Heavy Industries, Ltd. | 3,200 | 106,493 | ||||||
Honda Motor Co., Ltd. | 2,500 | 81,363 | ||||||
Isuzu Motors, Ltd. | 4,100 | 54,615 | ||||||
Mazda Motor Corp. | 200 | 4,068 | ||||||
Mitsubishi Motors Corp. | 4,900 | 44,332 | ||||||
Nissan Motor Co., Ltd. | 6,300 | 64,300 | ||||||
Suzuki Motor Corp. | 200 | 6,025 | ||||||
Toyota Motor Corp. | 2,300 | 160,775 | ||||||
Yamaha Motor Co., Ltd. | 200 | 4,840 | ||||||
549,800 | ||||||||
BANKS — 7.4% | ||||||||
Aozora Bank, Ltd. | 7,000 | 24,865 | ||||||
Bank of Yokohama, Ltd. | 4,000 | 23,481 | ||||||
Chiba Bank, Ltd. | 2,000 | 14,709 | ||||||
Chugoku Bank, Ltd. | 200 | 2,994 | ||||||
Fukuoka Financial Group, Inc. | 1,000 | 5,162 | ||||||
Hachijuni Bank, Ltd. | 1,000 | 7,071 | ||||||
Hokuhoku Financial Group, Inc. | 1,000 | 2,235 | ||||||
Iyo Bank, Ltd. | 300 | 3,570 | ||||||
Joyo Bank, Ltd. | 1,000 | 5,153 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 21,600 | 133,950 | ||||||
Mizuho Financial Group, Inc. | 50,400 | 88,717 | ||||||
Resona Holdings, Inc. | 6,900 | 34,326 | ||||||
Seven Bank, Ltd. | 2,300 | 11,373 | ||||||
Shinsei Bank, Ltd. | 1,000 | 1,993 | ||||||
Shizuoka Bank, Ltd. | 1,000 | 10,006 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 2,300 | 88,251 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 4,000 | 16,527 | ||||||
Suruga Bank, Ltd. | 300 | 6,241 | ||||||
480,624 | ||||||||
BEVERAGES — 1.0% | ||||||||
Asahi Group Holdings, Ltd. | 700 | 22,259 | ||||||
Kirin Holdings Co., Ltd. | 1,400 | 18,410 | ||||||
Suntory Beverage & Food, Ltd. | 600 | 25,766 | ||||||
66,435 | ||||||||
BUILDING PRODUCTS — 0.9% | ||||||||
Asahi Glass Co., Ltd. | 2,000 | 13,141 | ||||||
Daikin Industries, Ltd. | 100 | 6,709 | ||||||
LIXIL Group Corp. | 300 | 7,122 | ||||||
TOTO, Ltd. | 2,000 | 29,769 | ||||||
56,741 | ||||||||
CAPITAL MARKETS — 0.3% | ||||||||
Daiwa Securities Group, Inc. | 1,000 | 7,888 | ||||||
Nomura Holdings, Inc. | 1,900 | 11,189 | ||||||
SBI Holdings, Inc. | 100 | 1,214 | ||||||
20,291 | ||||||||
CHEMICALS — 3.0% | ||||||||
Asahi Kasei Corp. | 4,000 | 38,324 | ||||||
Hitachi Chemical Co., Ltd. | 100 | 2,145 | ||||||
JSR Corp. | 100 | 1,737 | ||||||
Kaneka Corp. | 1,000 | 7,054 | ||||||
Kuraray Co., Ltd. | 700 | 9,497 | ||||||
Mitsubishi Chemical Holdings Corp. | 2,800 | 16,311 | ||||||
Mitsui Chemicals, Inc. | 1,000 | 3,219 | ||||||
Nippon Paint Holdings Co., Ltd. | 1,000 | 36,689 | ||||||
Nitto Denko Corp. | 100 | 6,696 | ||||||
Shin-Etsu Chemical Co., Ltd. | 500 | 32,729 | ||||||
Sumitomo Chemical Co., Ltd. | 1,000 | 5,153 | ||||||
Teijin, Ltd. | 1,000 | 3,402 | ||||||
Toray Industries, Inc. | 4,000 | 33,588 | ||||||
196,544 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.4% | ||||||||
Dai Nippon Printing Co., Ltd. | 1,000 | 9,739 | ||||||
Park24 Co., Ltd. | 1,600 | 32,781 | ||||||
Secom Co., Ltd. | 600 | 40,150 | ||||||
Toppan Printing Co., Ltd. | 1,000 | 7,721 | ||||||
90,391 | ||||||||
CONSTRUCTION & ENGINEERING — 0.6% | ||||||||
JGC Corp. | 1,000 | 19,916 | ||||||
Kajima Corp. | 1,000 | 4,653 | ||||||
Obayashi Corp. | 1,000 | 6,504 | ||||||
Taisei Corp. | 1,000 | 5,662 | ||||||
36,735 | ||||||||
CONSTRUCTION MATERIALS — 0.0% (a) | ||||||||
Taiheiyo Cement Corp. | 1,000 | 3,060 | ||||||
CONSUMER FINANCE — 0.0% (a) | ||||||||
Acom Co., Ltd. (b) | 100 | 348 | ||||||
Credit Saison Co., Ltd. | 100 | 1,799 | ||||||
2,147 | ||||||||
CONTAINERS & PACKAGING — 0.0% (a) | ||||||||
Toyo Seikan Group Holdings, Ltd. | 200 | 2,939 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.3% | ||||||||
Benesse Holdings, Inc. | 600 | 18,912 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 1.0% | ||||||||
Japan Exchange Group, Inc. | 1,700 | 49,402 | ||||||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 500 | 2,481 |
See accompanying notes to financial statements.
300
SPDR MSCI Japan Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
ORIX Corp. | 1,000 | $ | 14,079 | |||||
65,962 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.0% | ||||||||
Nippon Telegraph & Telephone Corp. | 1,100 | 67,848 | ||||||
ELECTRIC UTILITIES — 0.9% | ||||||||
Chubu Electric Power Co., Inc. | 1,500 | 17,936 | ||||||
Chugoku Electric Power Co., Inc. | 300 | 3,918 | ||||||
Hokuriku Electric Power Co. | 200 | 2,653 | ||||||
Kansai Electric Power Co., Inc. (b) | 900 | 8,604 | ||||||
Kyushu Electric Power Co., Inc. (b) | 300 | 2,915 | ||||||
Shikoku Electric Power Co., Inc. (b) | 200 | 2,468 | ||||||
Tohoku Electric Power Co., Inc. | 500 | 5,695 | ||||||
Tokyo Electric Power Co., Inc. (b) | 3,700 | 14,038 | ||||||
58,227 | ||||||||
ELECTRICAL EQUIPMENT — 0.5% | ||||||||
Fuji Electric Holdings Co., Ltd. | 1,000 | 4,728 | ||||||
Mitsubishi Electric Corp. | 1,000 | 11,912 | ||||||
Nidec Corp. | 200 | 13,320 | ||||||
29,960 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 6.3% | ||||||||
Citizen Holdings Co., Ltd. | 200 | 1,538 | ||||||
Hitachi, Ltd. | 6,000 | 41,186 | ||||||
Hoya Corp. | 3,000 | 120,513 | ||||||
Ibiden Co., Ltd. | 100 | 1,690 | ||||||
Japan Display, Inc. (b) | 1,100 | 3,962 | ||||||
Keyence Corp. | 300 | 164,102 | ||||||
Kyocera Corp. | 600 | 32,981 | ||||||
Murata Manufacturing Co., Ltd. | 200 | 27,576 | ||||||
Nippon Electric Glass Co., Ltd. | 1,000 | 4,895 | ||||||
Omron Corp. | 100 | 4,519 | ||||||
TDK Corp. | 100 | 7,121 | ||||||
Yaskawa Electric Corp. | 100 | 1,468 | ||||||
Yokogawa Electric Corp. | 100 | 1,080 | ||||||
412,631 | ||||||||
FOOD & STAPLES RETAILING — 1.8% | ||||||||
Aeon Co., Ltd. | 1,500 | 16,498 | ||||||
FamilyMart Co., Ltd. | 200 | 8,405 | ||||||
Lawson, Inc. | 700 | 48,622 | ||||||
Seven & i Holdings Co., Ltd. | 1,000 | 42,135 | ||||||
115,660 | ||||||||
FOOD PRODUCTS — 1.5% | ||||||||
Ajinomoto Co., Inc. | 1,000 | 21,968 | ||||||
Calbee, Inc. | 500 | 21,763 | ||||||
MEIJI Holdings Co., Ltd. | 100 | 12,216 | ||||||
Nisshin Seifun Group, Inc. | 100 | 1,179 | ||||||
Nissin Foods Holding Co., Ltd. | 300 | 14,784 | ||||||
Toyo Suisan Kaisha, Ltd. | 300 | 10,582 | ||||||
Yamazaki Baking Co., Ltd. | 1,000 | 18,070 | ||||||
100,562 | ||||||||
GAS UTILITIES — 1.3% | ||||||||
Osaka Gas Co., Ltd. | 8,000 | 33,534 | ||||||
Toho Gas Co., Ltd. | 1,000 | 5,846 | ||||||
Tokyo Gas Co., Ltd. | 7,000 | 44,139 | ||||||
83,519 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.1% | ||||||||
Olympus Corp. (b) | 100 | 3,723 | ||||||
Sysmex Corp. | 1,100 | 61,180 | ||||||
Terumo Corp. | 200 | 5,287 | ||||||
70,190 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 0.4% | ||||||||
Alfresa Holdings Corp. | 400 | 5,653 | ||||||
Medipal Holdings Corp. | 200 | 2,610 | ||||||
Miraca Holdings, Inc. | 300 | 13,834 | ||||||
Suzuken Co., Ltd. | 110 | 3,362 | ||||||
25,459 | ||||||||
HEALTH CARE TECHNOLOGY — 0.6% | ||||||||
M3, Inc. | 2,000 | 42,543 | ||||||
HOTELS, RESTAURANTS & LEISURE — 2.7% | ||||||||
McDonald’s Holdings Co. (Japan), Ltd. | 1,000 | 22,172 | ||||||
Oriental Land Co., Ltd. | 2,000 | 151,678 | ||||||
173,850 | ||||||||
HOUSEHOLD DURABLES — 1.8% | ||||||||
Casio Computer Co., Ltd. | 100 | 1,900 | ||||||
Iida Group Holdings Co., Ltd. | 100 | 1,249 | ||||||
Nikon Corp. | 400 | 5,370 | ||||||
Panasonic Corp. | 1,500 | 19,725 | ||||||
Rinnai Corp. | 300 | 22,289 | ||||||
Sekisui Chemical Co., Ltd. | 1,000 | 13,000 | ||||||
Sekisui House, Ltd. | 1,300 | 18,921 | ||||||
Sharp Corp. (b) | 1,000 | 1,960 | ||||||
Sony Corp. (b) | 1,200 | 31,920 | ||||||
116,334 | ||||||||
HOUSEHOLD PRODUCTS — 1.2% | ||||||||
Unicharm Corp. | 3,000 | 78,849 | ||||||
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.2% | ||||||||
Electric Power Development Co., Ltd. | 300 | 10,131 | ||||||
INDUSTRIAL CONGLOMERATES — 0.4% | ||||||||
Toshiba Corp. | 6,000 | 25,226 | ||||||
INSURANCE — 1.4% | ||||||||
Dai-ichi Life Insurance Co., Ltd. | 1,100 | 16,010 | ||||||
MS&AD Insurance Group Holdings, Inc. | 500 | 14,051 | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 300 | 9,343 | ||||||
Sony Financial Holdings, Inc. | 1,100 | 17,721 | ||||||
T&D Holdings, Inc. | 500 | 6,898 | ||||||
Tokio Marine Holdings, Inc. | 700 | 26,491 | ||||||
90,514 | ||||||||
INTERNET & CATALOG RETAIL — 0.2% | ||||||||
Rakuten, Inc. | 700 | 12,366 | ||||||
INTERNET SOFTWARE & SERVICES — 1.2% | ||||||||
Kakaku.com, Inc. | 1,200 | 19,992 | ||||||
Mixi, Inc. | 200 | 8,105 | ||||||
Yahoo! Japan Corp. | 12,600 | 52,113 | ||||||
80,210 | ||||||||
IT SERVICES — 1.3% | ||||||||
Fujitsu, Ltd. | 3,000 | 20,491 | ||||||
Itochu Techno-Solutions Corp. | 200 | 4,161 | ||||||
Nomura Research Institute, Ltd. | 600 | 22,614 |
See accompanying notes to financial statements.
301
SPDR MSCI Japan Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
NTT Data Corp. | 300 | $ | 13,083 | |||||
Otsuka Corp. | 600 | 25,616 | ||||||
85,965 | ||||||||
LEISURE PRODUCTS — 1.7% | ||||||||
Bandai Namco Holdings, Inc. | 400 | 7,798 | ||||||
Sankyo Co., Ltd. | 300 | 10,694 | ||||||
Sega Sammy Holdings, Inc. | 100 | 1,463 | ||||||
Shimano, Inc. | 600 | 89,456 | ||||||
Yamaha Corp. | 100 | 1,754 | ||||||
111,165 | ||||||||
MACHINERY — 5.2% | ||||||||
FANUC Corp. | 100 | 21,889 | ||||||
Hino Motors, Ltd. | 1,800 | 25,741 | ||||||
Hitachi Construction Machinery Co., Ltd. | 100 | 1,753 | ||||||
IHI Corp. | 1,000 | 4,695 | ||||||
JTEKT Corp. | 200 | 3,129 | ||||||
Kawasaki Heavy Industries, Ltd. | 1,000 | 5,061 | ||||||
Komatsu, Ltd. | 800 | 15,760 | ||||||
Kubota Corp. | 7,000 | 111,078 | ||||||
Kurita Water Industries, Ltd. | 100 | 2,422 | ||||||
Makita Corp. | 700 | 36,423 | ||||||
Mitsubishi Heavy Industries, Ltd. | 2,000 | 11,045 | ||||||
Nabtesco Corp. | 100 | 2,902 | ||||||
SMC Corp. | 300 | 89,668 | ||||||
Sumitomo Heavy Industries, Ltd. | 1,000 | 6,562 | ||||||
THK Co., Ltd. | 100 | 2,552 | ||||||
340,680 | ||||||||
MARINE — 0.1% | ||||||||
Mitsui OSK Lines, Ltd. | 1,000 | 3,402 | ||||||
Nippon Yusen K.K. | 2,000 | 5,770 | ||||||
9,172 | ||||||||
MEDIA — 0.3% | ||||||||
Dentsu, Inc. | 300 | 12,883 | ||||||
Hakuhodo DY Holdings, Inc. | 300 | 3,199 | ||||||
Toho Co., Ltd. | 200 | 4,900 | ||||||
20,982 | ||||||||
METALS & MINING — 0.6% | ||||||||
JFE Holdings, Inc. | 600 | 13,278 | ||||||
Kobe Steel, Ltd. | 4,000 | 7,405 | ||||||
Mitsubishi Materials Corp. | 1,000 | 3,369 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 6,000 | 15,134 | ||||||
39,186 | ||||||||
MULTILINE RETAIL — 0.5% | ||||||||
Don Quijote Holdings Co., Ltd. | 100 | 8,155 | ||||||
Isetan Mitsukoshi Holdings, Ltd. | 300 | 4,973 | ||||||
J Front Retailing Co., Ltd. | 500 | 7,876 | ||||||
Marui Group Co., Ltd. | 100 | 1,138 | ||||||
Takashimaya Co., Ltd. | 1,000 | 9,848 | ||||||
31,990 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 1.4% | ||||||||
Idemitsu Kosan Co., Ltd. | 400 | 6,978 | ||||||
Inpex Corp. | 700 | 7,737 | ||||||
JX Holdings, Inc. | 9,000 | 34,687 | ||||||
Showa Shell Sekiyu K.K. | 600 | 5,493 | ||||||
TonenGeneral Sekiyu K.K. | 4,000 | 34,588 | ||||||
89,483 | ||||||||
PAPER & FOREST PRODUCTS — 0.1% | ||||||||
OJI Paper Co., Ltd. | 1,000 | 4,103 | ||||||
PERSONAL PRODUCTS — 2.8% | ||||||||
Kao Corp. | 3,400 | 170,107 | ||||||
Shiseido Co., Ltd. | 700 | 12,450 | ||||||
182,557 | ||||||||
PHARMACEUTICALS — 6.5% | ||||||||
Astellas Pharma, Inc. | 2,300 | 37,734 | ||||||
Chugai Pharmaceutical Co., Ltd. | 1,500 | 47,342 | ||||||
Daiichi Sankyo Co., Ltd. | 1,100 | 17,492 | ||||||
Eisai Co., Ltd. | 900 | 64,053 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 100 | 4,111 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 1,000 | 13,066 | ||||||
Mitsubishi Tanabe Pharma Corp. | 1,800 | 30,949 | ||||||
Ono Pharmaceutical Co., Ltd. | 100 | 11,324 | ||||||
Otsuka Holdings Co., Ltd. | 3,200 | 100,316 | ||||||
Santen Pharmaceutical Co., Ltd. | 1,000 | 14,592 | ||||||
Shionogi & Co., Ltd. | 500 | 16,698 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. | 200 | 2,375 | ||||||
Taisho Pharmaceutical Holdings Co., Ltd. | 100 | 7,455 | ||||||
Takeda Pharmaceutical Co., Ltd. | 1,100 | 55,025 | ||||||
422,532 | ||||||||
PROFESSIONAL SERVICES — 0.5% | ||||||||
Recruit Holdings Co., Ltd. | 1,000 | 31,270 | ||||||
REAL ESTATE INVESTMENT TRUSTS — 2.0% | ||||||||
Japan Prime Realty Investment Corp. | 5 | 17,240 | ||||||
Japan Real Estate Investment Corp. | 4 | 18,845 | ||||||
Japan Retail Fund Investment Corp. | 12 | 23,875 | ||||||
Nippon Building Fund, Inc. | 4 | 19,679 | ||||||
Nippon Prologis REIT, Inc. | 9 | 19,842 | ||||||
United Urban Investment Corp. | 19 | 29,643 | ||||||
129,124 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.7% | ||||||||
Daito Trust Construction Co., Ltd. | 700 | 78,362 | ||||||
Daiwa House Industry Co., Ltd. | 1,300 | 25,702 | ||||||
Nomura Real Estate Holdings, Inc. | 100 | 1,806 | ||||||
NTT Urban Development Corp. | 100 | 1,002 | ||||||
Tokyu Fudosan Holdings Corp. | 300 | 2,051 | ||||||
108,923 | ||||||||
ROAD & RAIL — 3.9% | ||||||||
Central Japan Railway Co. | 100 | 18,132 | ||||||
East Japan Railway Co. | 600 | 48,230 | ||||||
Hankyu Hanshin Holdings, Inc. | 4,000 | 24,782 | ||||||
Keikyu Corp. | 1,000 | 8,013 | ||||||
Keio Corp. | 1,000 | 7,863 | ||||||
Keisei Electric Railway Co., Ltd. | 1,000 | 12,450 | ||||||
Kintetsu Corp. | 4,000 | 14,709 | ||||||
Nagoya Railroad Co., Ltd. | 4,000 | 16,010 | ||||||
Nippon Express Co., Ltd. | 3,000 | 16,811 | ||||||
Odakyu Electric Railway Co., Ltd. | 2,000 | 20,429 | ||||||
Tobu Railway Co., Ltd. | 4,000 | 19,012 | ||||||
Tokyu Corp. | 2,000 | 12,408 |
See accompanying notes to financial statements.
302
SPDR MSCI Japan Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
West Japan Railway Co. | 700 | $ | 36,791 | |||||
255,640 | ||||||||
SOFTWARE — 1.2% | ||||||||
GungHo Online Entertainment, Inc. | 300 | 1,176 | ||||||
Konami Corp. | 100 | 1,876 | ||||||
Nexon Co., Ltd. | 100 | 1,067 | ||||||
Nintendo Co., Ltd. | 100 | 14,738 | ||||||
Oracle Corp. | 700 | 30,177 | ||||||
Trend Micro, Inc. | 900 | 29,719 | ||||||
78,753 | ||||||||
SPECIALTY RETAIL — 4.5% | ||||||||
ABC-Mart, Inc. | 400 | 23,448 | ||||||
Fast Retailing Co., Ltd. | 300 | 116,310 | ||||||
Hikari Tsushin, Inc. | 100 | 6,496 | ||||||
Nitori Holding Co., Ltd. | 800 | 54,301 | ||||||
Sanrio Co., Ltd. | 400 | 10,723 | ||||||
Shimamura Co., Ltd. | 300 | 27,817 | ||||||
USS Co., Ltd. | 2,600 | 45,052 | ||||||
Yamada Denki Co., Ltd. | 2,900 | 11,970 | ||||||
296,117 | ||||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 2.0% | ||||||||
Brother Industries, Ltd. | 1,500 | 23,927 | ||||||
Canon, Inc. | 1,800 | 63,760 | ||||||
FUJIFILM Holdings Corp. | 600 | 21,396 | ||||||
Konica Minolta Holdings, Inc. | 400 | 4,072 | ||||||
NEC Corp. | 2,000 | 5,887 | ||||||
Ricoh Co., Ltd. | 700 | 7,635 | ||||||
Seiko Epson Corp. | 200 | 3,554 | ||||||
130,231 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.4% | ||||||||
Asics Corp. | 1,000 | 27,267 | ||||||
TOBACCO — 2.0% | ||||||||
Japan Tobacco, Inc. | 4,100 | 129,932 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 3.2% | ||||||||
ITOCHU Corp. | 3,100 | 33,643 | ||||||
Marubeni Corp. | 5,000 | 29,018 | ||||||
Mitsubishi Corp. | 3,400 | 68,624 | ||||||
Mitsui & Co., Ltd. | 3,400 | 45,702 | ||||||
Sumitomo Corp. | 2,500 | 26,798 | ||||||
Toyota Tsusho Corp. | 300 | 7,967 | ||||||
211,752 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 0.1% | ||||||||
Kamigumi Co., Ltd. | 1,000 | 9,464 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 3.4% | ||||||||
KDDI Corp. | 6,600 | 149,721 | ||||||
NTT DoCoMo, Inc. | 3,000 | 52,170 | ||||||
Softbank Corp. | 400 | 23,281 | ||||||
225,172 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $5,982,253) | 6,474,025 | |||||||
SHORT TERM INVESTMENT — 0.0% (a) | ||||||||
UNITED STATES — 0.0% (a) | ||||||||
MONEY MARKET FUND — 0.0% (a) | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (c)(d) (Cost $841) | 841 | 841 | ||||||
TOTAL INVESTMENTS — 99.1% | ||||||||
(Cost $5,983,094) | 6,474,866 | |||||||
OTHER ASSETS & LIABILITIES — 0.9% | 56,541 | |||||||
NET ASSETS — 100.0% | $ | 6,531,407 | ||||||
(a) | Amount shown represents less than 0.05% of net assets. | |||||
(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. |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
303
SPDR MSCI Mexico Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.9% | ||||||||
BANKS — 9.9% | ||||||||
Grupo Financiero Banorte SAB de CV | 18,403 | $ | 106,932 | |||||
Grupo Financiero Inbursa SAB de CV | 37,827 | 95,646 | ||||||
Grupo Financiero Santander Mexico SAB de CV (Class B) | 20,053 | 43,899 | ||||||
246,477 | ||||||||
BEVERAGES — 12.9% | ||||||||
Arca Continental SAB de CV (a) | 11,575 | 71,186 | ||||||
Coca-Cola FEMSA SAB de CV (Series L) | 5,765 | 46,077 | ||||||
Fomento Economico Mexicano SAB de CV (a) | 21,525 | 202,205 | ||||||
319,468 | ||||||||
CHEMICALS — 1.6% | ||||||||
Mexichem SAB de CV | 15,297 | 40,004 | ||||||
CONSTRUCTION & ENGINEERING — 2.7% | ||||||||
Promotora y Operadora de Infraestructura SAB de CV (a) | 6,177 | 65,974 | ||||||
CONSTRUCTION MATERIALS — 2.5% | ||||||||
Cemex SAB de CV (a) | 65,146 | 61,878 | ||||||
CONSUMER FINANCE — 1.9% | ||||||||
Gentera SAB de CV (a) | 26,220 | 47,279 | ||||||
FOOD & STAPLES RETAILING — 11.7% | ||||||||
Controladora Comercial Mexicana SAB de CV | 11,591 | 37,297 | ||||||
Grupo Comercial Chedraui SA de CV (a) | 17,732 | 53,716 | ||||||
Wal-Mart de Mexico SAB de CV | 79,818 | 199,673 | ||||||
290,686 | ||||||||
FOOD PRODUCTS — 6.6% | ||||||||
Gruma SAB de CV (Class B) | 3,171 | 40,306 | ||||||
Grupo Bimbo SAB de CV (a) | 25,851 | 73,408 | ||||||
Grupo Lala SAB de CV | 25,215 | 51,227 | ||||||
164,941 | ||||||||
HOUSEHOLD PRODUCTS — 2.6% | ||||||||
Kimberly-Clark de Mexico SAB de CV (Class A) | 31,096 | 65,277 | ||||||
INDUSTRIAL CONGLOMERATES — 4.3% | ||||||||
Alfa SAB de CV (Class A) (a) | 26,239 | 53,049 | ||||||
Grupo Carso SAB de CV | 12,987 | 54,039 | ||||||
107,088 | ||||||||
MEDIA — 6.0% | ||||||||
Grupo Televisa SAB (a) | 22,629 | 149,729 | ||||||
METALS & MINING — 7.9% | ||||||||
Grupo Mexico SAB de CV (Series B) | 47,057 | 139,155 | ||||||
Industrias Penoles SAB de CV | 2,554 | 44,497 | ||||||
Minera Frisco SAB de CV (a) | 11,795 | 12,736 | ||||||
196,388 | ||||||||
MULTILINE RETAIL — 3.8% | ||||||||
El Puerto de Liverpool SAB de CV (a) | 8,041 | 95,013 | ||||||
PHARMACEUTICALS — 0.8% | ||||||||
Genomma Lab Internacional SAB de CV (Class B) (a) | 20,713 | 19,647 | ||||||
REAL ESTATE INVESTMENT TRUSTS — 2.2% | ||||||||
Fibra Uno Administracion SA de CV REIT | 20,348 | 53,975 | ||||||
TRANSPORTATION INFRASTRUCTURE — 7.0% | ||||||||
Grupo Aeroportuario del Pacifico SAB de CV (Class B) | 10,309 | 67,670 | ||||||
Grupo Aeroportuario del Sureste SAB de CV (Class B) (a) | 5,121 | 69,086 | ||||||
OHL Mexico SAB de CV (a) | 18,871 | 35,935 | ||||||
172,691 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 15.5% | ||||||||
America Movil SAB de CV (Series L) | 375,744 | 386,245 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $2,979,932) | 2,482,760 | |||||||
SHORT TERM INVESTMENT — 0.0% (b) | ||||||||
UNITED STATES — 0.0% (b) | ||||||||
MONEY MARKET FUND — 0.0% (b) | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (c)(d) (Cost $199) | 199 | 199 | ||||||
TOTAL INVESTMENTS — 99.9% | ||||||||
(Cost $2,980,131) | 2,482,959 | |||||||
OTHER ASSETS & LIABILITIES — 0.1% | 1,508 | |||||||
NET ASSETS — 100.0% | $ | 2,484,467 | ||||||
(a) | Non-income producing security | |||||
(b) | Amount shown represents less than 0.05% of net assets. | |||||
(c) | Affiliated Fund managed by SSGA Funds Management, Inc. (Note 3). | |||||
(d) | The rate shown is the annualized seven-day yield at period end. |
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
304
SPDR MSCI South Korea Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.9% | ||||||||
AEROSPACE & DEFENSE — 0.6% | ||||||||
Korea Aerospace Industries, Ltd. | 333 | $ | 16,928 | |||||
AIR FREIGHT & LOGISTICS — 1.2% | ||||||||
Hyundai Glovis Co., Ltd. | 160 | 32,593 | ||||||
AIRLINES — 0.2% | ||||||||
Korean Air Lines Co., Ltd. (a) | 103 | 4,507 | ||||||
AUTO COMPONENTS — 5.7% | ||||||||
Halla Visteon Climate Control Corp. | 271 | 9,380 | ||||||
Hankook Tire Co., Ltd. | 484 | 19,784 | ||||||
Hyundai Mobis Co., Ltd. | 480 | 106,648 | ||||||
Hyundai Wia Corp. | 130 | 16,580 | ||||||
152,392 | ||||||||
AUTOMOBILES — 9.8% | ||||||||
Hyundai Motor Co. | 830 | 126,058 | ||||||
Hyundai Motor Co. Preference Shares (b) | 310 | 31,854 | ||||||
Hyundai Motor Co. Preference Shares (b) | 214 | 21,410 | ||||||
Kia Motors Corp. | 2,065 | 84,130 | ||||||
263,452 | ||||||||
BANKS — 5.4% | ||||||||
BS Financial Group, Inc. | 314 | 4,302 | ||||||
DGB Financial Group, Inc. | 753 | 8,213 | ||||||
Hana Financial Group, Inc. | 856 | 22,182 | ||||||
Industrial Bank of Korea | 1,512 | 18,194 | ||||||
KB Financial Group, Inc. | 1,147 | 40,630 | ||||||
Shinhan Financial Group Co., Ltd. | 1,087 | 41,101 | ||||||
Woori Bank | 1,133 | 9,579 | ||||||
144,201 | ||||||||
BEVERAGES — 0.2% | ||||||||
Hite Jinro Co., Ltd. | 283 | 5,663 | ||||||
BUILDING PRODUCTS — 0.1% | ||||||||
KCC Corp. | 4 | 2,041 | ||||||
CAPITAL MARKETS — 0.4% | ||||||||
Daewoo Securities Co., Ltd. | 148 | 1,728 | ||||||
Korea Investment Holdings Co., Ltd. | 39 | 2,211 | ||||||
Mirae Asset Securities Co., Ltd. | 29 | 1,367 | ||||||
NH Investment & Securities Co., Ltd. | 131 | 1,700 | ||||||
Samsung Securities Co., Ltd. | 73 | 3,421 | ||||||
10,427 | ||||||||
CHEMICALS — 2.9% | ||||||||
Hanwha Chemical Corp. | 230 | 3,027 | ||||||
Hanwha Corp. | 171 | 5,603 | ||||||
Hyosung Corp. | 54 | 4,220 | ||||||
Kumho Petrochemical Co., Ltd. | 56 | 3,962 | ||||||
LG Chem, Ltd. | 215 | 43,796 | ||||||
LG Chem, Ltd. Preference Shares | 63 | 8,631 | ||||||
Lotte Chemical Corp. | 31 | 5,686 | ||||||
OCI Co., Ltd. | 26 | 2,426 | ||||||
77,351 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 0.9% | ||||||||
KEPCO Plant Service & Engineering Co., Ltd. | 120 | 10,557 | ||||||
S1 Corp. | 174 | 13,158 | ||||||
23,715 | ||||||||
CONSTRUCTION & ENGINEERING — 0.8% | ||||||||
Daelim Industrial Co., Ltd. | 51 | 2,970 | ||||||
Daewoo Engineering & Construction Co., Ltd. (a) | 83 | 593 | ||||||
GS Engineering & Construction Corp. (a) | 66 | 1,797 | ||||||
Hyundai Development Co.-Engineering & Construction | 33 | 1,695 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 340 | 15,445 | ||||||
22,500 | ||||||||
CONSUMER FINANCE — 0.2% | ||||||||
Samsung Card Co., Ltd. | 164 | 6,068 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.8% | ||||||||
KT Corp. (a) | 471 | 12,312 | ||||||
LG Uplus Corp. | 890 | 8,824 | ||||||
21,136 | ||||||||
ELECTRIC UTILITIES — 1.7% | ||||||||
Korea Electric Power Corp. | 1,082 | 44,862 | ||||||
ELECTRICAL EQUIPMENT — 0.5% | ||||||||
Doosan Heavy Industries & Construction Co., Ltd. | 146 | 3,724 | ||||||
LS Corp. | 47 | 2,203 | ||||||
LS Industrial Systems Co., Ltd. | 136 | 7,821 | ||||||
13,748 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 4.1% | ||||||||
LG Display Co., Ltd. | 1,094 | 30,864 | ||||||
LG Innotek Co., Ltd. | 79 | 8,260 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 534 | 37,014 | ||||||
Samsung SDI Co., Ltd. | 275 | 33,834 | ||||||
109,972 | ||||||||
FOOD & STAPLES RETAILING — 0.7% | ||||||||
E-Mart Co., Ltd. | 96 | 20,161 | ||||||
FOOD PRODUCTS — 1.4% | ||||||||
CJ CheilJedang Corp. | 39 | 13,288 | ||||||
Lotte Confectionery Co., Ltd. | 3 | 4,824 | ||||||
Orion Corp. | 19 | 19,831 | ||||||
37,943 | ||||||||
GAS UTILITIES — 0.5% | ||||||||
Korea Gas Corp. | 333 | 12,156 | ||||||
HOTELS, RESTAURANTS & LEISURE — 1.5% | ||||||||
Kangwon Land, Inc. | 1,183 | 36,947 | ||||||
Paradise Co., Ltd. | 173 | 3,781 | ||||||
40,728 | ||||||||
HOUSEHOLD DURABLES — 1.5% | ||||||||
Coway Co., Ltd. | 270 | 22,268 | ||||||
LG Electronics, Inc. | 328 | 17,413 | ||||||
39,681 | ||||||||
HOUSEHOLD PRODUCTS — 1.8% | ||||||||
LG Household & Health Care, Ltd. | 64 | 48,514 | ||||||
INDUSTRIAL CONGLOMERATES — 2.6% | ||||||||
CJ Corp. | 27 | 4,283 | ||||||
Doosan Corp. | 21 | 2,205 | ||||||
LG Corp. | 586 | 32,378 |
See accompanying notes to financial statements.
305
SPDR MSCI South Korea Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
SK Holdings Co., Ltd. | 202 | $ | 30,953 | |||||
69,819 | ||||||||
INSURANCE — 6.3% | ||||||||
Dongbu Insurance Co., Ltd. | 533 | 23,757 | ||||||
Hanwha Life Insurance Co., Ltd. | 2,445 | 16,242 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 856 | 19,134 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 280 | 67,511 | ||||||
Samsung Life Insurance Co., Ltd. | 509 | 44,365 | ||||||
171,009 | ||||||||
INTERNET SOFTWARE & SERVICES — 3.9% | ||||||||
Daum Kakao Corp. | 91 | 9,466 | ||||||
NAVER Corp. | 157 | 94,954 | ||||||
104,420 | ||||||||
IT SERVICES — 1.3% | ||||||||
SK C&C Co., Ltd. | 166 | 34,787 | ||||||
MACHINERY — 1.3% | ||||||||
Daewoo Shipbuilding & Marine Engineering Co., Ltd. | 211 | 3,442 | ||||||
Doosan Infracore Co., Ltd. (a) | 249 | 2,671 | ||||||
Hyundai Heavy Industries Co., Ltd. (a) | 188 | 20,673 | ||||||
Hyundai Mipo Dockyard Co., Ltd. (a) | 9 | 618 | ||||||
Samsung Heavy Industries Co., Ltd. | 475 | 7,728 | ||||||
35,132 | ||||||||
MARINE — 0.0% (c) | ||||||||
Hyundai Merchant Marine Co., Ltd. (a) | 87 | 709 | ||||||
MEDIA — 0.5% | ||||||||
Cheil Worldwide, Inc. (a) | 662 | 14,350 | ||||||
METALS & MINING — 2.6% | ||||||||
Hyundai Steel Co. | 131 | 8,620 | ||||||
Korea Zinc Co., Ltd. | 38 | 14,522 | ||||||
POSCO | 214 | 47,161 | ||||||
70,303 | ||||||||
MULTILINE RETAIL — 1.2% | ||||||||
Hyundai Department Store Co., Ltd. | 112 | 15,042 | ||||||
Lotte Shopping Co., Ltd. | 70 | 14,985 | ||||||
Shinsegae Co., Ltd. | 16 | 2,430 | ||||||
32,457 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 2.7% | ||||||||
GS Holdings Corp. | 515 | 19,914 | ||||||
S-Oil Corp. | 424 | 24,574 | ||||||
SK Innovation Co., Ltd. (a) | 340 | 29,236 | ||||||
73,724 | ||||||||
PERSONAL PRODUCTS — 2.6% | ||||||||
AmorePacific Corp. | 16 | 48,384 | ||||||
AmorePacific Group | 16 | 21,633 | ||||||
70,017 | ||||||||
PHARMACEUTICALS — 1.2% | ||||||||
Celltrion, Inc. (a) | 218 | 13,735 | ||||||
Yuhan Corp. | 110 | 18,541 | ||||||
32,276 | ||||||||
ROAD & RAIL — 0.0% (c) | ||||||||
CJ Korea Express Co., Ltd. (a) | 4 | 703 | ||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.8% | ||||||||
SK Hynix, Inc. | 1,186 | 48,693 | ||||||
SOFTWARE — 0.9% | ||||||||
NCSoft Corp. | 153 | 25,030 | ||||||
SPECIALTY RETAIL — 0.0% (c) | ||||||||
Hotel Shilla Co., Ltd. | 12 | 1,059 | ||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 22.7% | ||||||||
Samsung Electronics Co., Ltd. | 391 | 507,847 | ||||||
Samsung Electronics Co., Ltd. Preference Share | 104 | 103,489 | ||||||
611,336 | ||||||||
TOBACCO — 2.6% | ||||||||
KT&G Corp. | 877 | 70,116 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 0.6% | ||||||||
Daewoo International Corp. | 209 | 5,002 | ||||||
Samsung C&T Corp. | 160 | 8,566 | ||||||
SK Networks Co., Ltd. | 284 | 2,089 | ||||||
15,657 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 1.2% | ||||||||
SK Telecom Co., Ltd. | 134 | 32,913 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $2,946,414) | 2,665,249 | |||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
UNITED STATES — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (d)(e) (Cost $2,844) | 2,844 | 2,844 | ||||||
TOTAL INVESTMENTS — 99.0% | ||||||||
(Cost $2,949,258) | 2,668,093 | |||||||
OTHER ASSETS & LIABILITIES — 1.0% | 27,805 | |||||||
NET ASSETS — 100.0% | $ | 2,695,898 | ||||||
(a) | Non-income producing security | |||||
(b) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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. |
See accompanying notes to financial statements.
306
SPDR MSCI Spain Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AIRLINES — 2.4% | ||||||||
International Consolidated Airlines Group SA (a) | 6,714 | $ | 60,225 | |||||
BANKS — 30.5% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 16,772 | 169,468 | ||||||
Banco de Sabadell SA | 20,695 | 50,654 | ||||||
Banco Popular Espanol SA | 10,341 | 50,622 | ||||||
Banco Santander SA | 49,578 | 373,633 | ||||||
Bankia SA (a) | 21,261 | 29,639 | ||||||
Bankinter SA | 5,006 | 38,210 | ||||||
CaixaBank SA | 12,038 | 57,081 | ||||||
769,307 | ||||||||
BIOTECHNOLOGY — 2.3% | ||||||||
Grifols SA | 1,314 | 56,421 | ||||||
CONSTRUCTION & ENGINEERING — 6.2% | ||||||||
ACS, Actividades de Construccion y Servicios SA | 1,836 | 65,071 | ||||||
Ferrovial SA | 4,294 | 91,313 | ||||||
156,384 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 11.0% | ||||||||
Telefonica SA | 19,545 | 278,345 | ||||||
ELECTRIC UTILITIES — 11.3% | ||||||||
Endesa SA | 2,329 | 45,024 | ||||||
Iberdrola SA | 24,369 | 157,086 | ||||||
Red Electrica Corp. SA | 1,026 | 83,460 | ||||||
285,570 | ||||||||
FOOD & STAPLES RETAILING — 2.9% | ||||||||
Distribuidora Internacional de Alimentacion SA | 9,159 | 71,671 | ||||||
GAS UTILITIES — 6.5% | ||||||||
Enagas SA | 3,130 | 89,520 | ||||||
Gas Natural SDG SA | 3,278 | 73,633 | ||||||
163,153 | ||||||||
INSURANCE — 3.7% | ||||||||
Grupo Catalana Occidente SA | 1,333 | 39,943 | ||||||
Mapfre SA | 14,697 | 53,651 | ||||||
93,594 | ||||||||
IT SERVICES — 4.0% | ||||||||
Amadeus IT Holding SA (Class A) | 2,371 | 101,756 | ||||||
MACHINERY — 3.2% | ||||||||
Zardoya Otis SA | 6,176 | 79,662 | ||||||
MEDIA — 1.6% | ||||||||
Mediaset Espana Comunicacion SA (a) | 3,203 | 40,111 | ||||||
OIL, GAS & CONSUMABLE FUELS — 4.3% | ||||||||
Repsol SA | 5,837 | 108,672 | ||||||
SPECIALTY RETAIL — 6.2% | ||||||||
Inditex SA | 4,891 | 156,958 | ||||||
TRANSPORTATION INFRASTRUCTURE — 3.6% | ||||||||
Abertis Infraestructuras SA | 3,937 | 71,184 | ||||||
Aena SA (a)(b) | 204 | 20,488 | ||||||
91,672 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $3,063,635) | 2,513,501 | |||||||
RIGHTS — 0.4% | ||||||||
BANKS — 0.3% | ||||||||
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/15) (a) | 16,772 | 2,414 | ||||||
Banco de Sabadell SA (expiring 4/17/15) (a) | 20,580 | 5,216 | ||||||
7,630 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 0.1% | ||||||||
Telefonica SA (expiring 4/10/15) (a) | 19,473 | 3,137 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $2,374) | 10,767 | |||||||
SHORT TERM INVESTMENT — 0.0% (c) | ||||||||
UNITED STATES — 0.0% (c) | ||||||||
MONEY MARKET FUND — 0.0% (c) | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (d)(e) (Cost $566) | 566 | 566 | ||||||
TOTAL INVESTMENTS — 100.1% | ||||||||
(Cost $3,066,575) | 2,524,834 | |||||||
OTHER ASSETS & LIABILITIES — (0.1)% | (2,617 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,522,217 | ||||||
(a) | Non-income producing security | |||||
(b) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.8% of net assets as of March 31, 2015, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(d) | Affiliated Fund managed by SSGA Funds Management, Inc. (Note 3). | |||||
(e) | The rate shown is the annualized seven-day yield at period end. |
See accompanying notes to financial statements.
307
SPDR MSCI Taiwan Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 100.1% | ||||||||
AIRLINES — 0.7% | ||||||||
China Airlines, Ltd. (a) | 51,000 | $ | 26,160 | |||||
Eva Airways Corp. (a) | 25,240 | 18,513 | ||||||
44,673 | ||||||||
AUTO COMPONENTS — 1.2% | ||||||||
Cheng Shin Rubber Industry Co., Ltd. | 33,000 | 75,829 | ||||||
AUTOMOBILES — 0.1% | ||||||||
China Motor Corp. | 3,000 | 2,598 | ||||||
Yulon Motor Co., Ltd. | 4,000 | 5,465 | ||||||
8,063 | ||||||||
BANKS — 10.4% | ||||||||
Chang Hwa Commercial Bank, Ltd. | 83,000 | 48,012 | ||||||
China Development Financial Holding Corp. | 166,000 | 57,561 | ||||||
CTBC Financial Holding Co., Ltd. | 127,550 | 84,789 | ||||||
E.Sun Financial Holding Co., Ltd. | 43,000 | 26,317 | ||||||
First Financial Holding Co., Ltd | 135,000 | 80,249 | ||||||
Hua Nan Financial Holdings Co., Ltd. | 138,000 | 78,945 | ||||||
Mega Financial Holding Co., Ltd. | 116,000 | 96,203 | ||||||
SinoPac Financial Holdings Co., Ltd. | 82,675 | 34,481 | ||||||
Taishin Financial Holding Co., Ltd. | 67,000 | 28,479 | ||||||
Taiwan Business Bank (a) | 28,000 | 8,501 | ||||||
Taiwan Cooperative Financial Holding Co., Ltd. | 174,319 | 88,302 | ||||||
631,839 | ||||||||
BUILDING PRODUCTS — 0.0% (b) | ||||||||
Taiwan Glass Industry Corp. | 2,000 | 1,441 | ||||||
CAPITAL MARKETS — 0.4% | ||||||||
Yuanta Financial Holding Co., Ltd. | 44,000 | 22,148 | ||||||
CHEMICALS — 2.4% | ||||||||
Formosa Chemicals & Fibre Corp. | 21,000 | 48,188 | ||||||
Formosa Plastics Corp. | 23,000 | 55,791 | ||||||
Nan Ya Plastics Corp. | 17,000 | 37,760 | ||||||
Taiwan Fertilizer Co., Ltd. | 3,000 | 5,196 | ||||||
146,935 | ||||||||
CONSTRUCTION & ENGINEERING — 0.1% | ||||||||
CTCI Corp. | 2,000 | 3,298 | ||||||
CONSTRUCTION MATERIALS — 1.2% | ||||||||
Asia Cement Corp. | 31,000 | 38,985 | ||||||
Taiwan Cement Corp. | 24,000 | 33,826 | ||||||
72,811 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 1.1% | ||||||||
Chailease Holding Co., Ltd. | 3,000 | 7,478 | ||||||
Fubon Financial Holding Co., Ltd. | 34,000 | 61,068 | ||||||
68,546 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 5.2% | ||||||||
Asia Pacific Telecom Co., Ltd. | 12,000 | 5,484 | ||||||
Chunghwa Telecom Co., Ltd. | 97,000 | 308,453 | ||||||
313,937 | ||||||||
ELECTRICAL EQUIPMENT — 0.2% | ||||||||
Teco Electric & Machinery Co., Ltd. | 7,000 | 6,666 | ||||||
Walsin Lihwa Corp. (a) | 24,000 | 7,402 | ||||||
14,068 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 17.0% | ||||||||
AU Optronics Corp. | 71,000 | 35,738 | ||||||
Delta Electronics, Inc. | 42,000 | 265,101 | ||||||
Hon Hai Precision Industry Co., Ltd. | 105,000 | 307,382 | ||||||
Innolux Corp. | 92,000 | 46,015 | ||||||
Largan Precision Co., Ltd. | 2,000 | 172,259 | ||||||
Simplo Technology Co., Ltd. | 9,000 | 45,302 | ||||||
Synnex Technology International Corp. | 40,000 | 54,075 | ||||||
TPK Holding Co., Ltd. | 2,000 | 13,998 | ||||||
Unimicron Technology Corp. | 13,000 | 8,434 | ||||||
WPG Holdings, Ltd. | 48,000 | 61,822 | ||||||
Zhen Ding Technology Holding, Ltd. | 7,000 | 22,819 | ||||||
1,032,945 | ||||||||
FOOD & STAPLES RETAILING — 2.2% | ||||||||
President Chain Store Corp. | 18,000 | 135,475 | ||||||
FOOD PRODUCTS — 1.3% | ||||||||
Standard Foods Corp. | 8,000 | 20,607 | ||||||
Uni-President Enterprises Corp. | 34,000 | 56,939 | ||||||
77,546 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 0.4% | ||||||||
Formosa International Hotels Corp. | 2,000 | 21,125 | ||||||
INDUSTRIAL CONGLOMERATES — 0.4% | ||||||||
Far Eastern New Century Corp. | 23,000 | 23,743 | ||||||
INSURANCE — 1.6% | ||||||||
Cathay Financial Holding Co., Ltd. | 44,000 | 70,310 | ||||||
China Life Insurance Co., Ltd. | 16,000 | 13,934 | ||||||
Shin Kong Financial Holding Co., Ltd. | 47,440 | 13,479 | ||||||
97,723 | ||||||||
LEISURE PRODUCTS — 1.4% | ||||||||
Giant Manufacturing Co., Ltd. | 5,000 | 48,258 | ||||||
Merida Industry Co., Ltd. | 5,000 | 39,310 | ||||||
87,568 | ||||||||
MARINE — 0.3% | ||||||||
Evergreen Marine Corp., Ltd. (a) | 7,000 | 5,202 | ||||||
U-Ming Marine Transport Corp. | 6,000 | 8,878 | ||||||
Yang Ming Marine Transport Corp. (a) | 8,000 | 4,602 | ||||||
18,682 | ||||||||
METALS & MINING — 1.5% | ||||||||
China Steel Corp. | 107,000 | 88,910 | ||||||
MULTILINE RETAIL — 0.1% | ||||||||
Far Eastern Department Stores, Ltd. | 6,000 | 5,072 | ||||||
OIL, GAS & CONSUMABLE FUELS — 0.5% | ||||||||
Formosa Petrochemical Corp. | 15,000 | 32,838 | ||||||
PHARMACEUTICALS — 0.1% | ||||||||
ScinoPharm Taiwan, Ltd. | 3,000 | 4,751 | ||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 0.3% | ||||||||
Farglory Land Development Co., Ltd. | 3,000 | 3,461 | ||||||
Highwealth Construction Corp. | 4,000 | 9,460 | ||||||
Ruentex Development Co., Ltd. | 3,000 | 4,602 | ||||||
17,523 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 29.2% | ||||||||
Advanced Semiconductor Engineering, Inc. | 67,000 | 90,468 |
See accompanying notes to financial statements.
308
SPDR MSCI Taiwan Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Epistar Corp. | 4,000 | $ | 6,443 | |||||
Hermes Microvision, Inc. | 1,000 | 57,686 | ||||||
Inotera Memories, Inc. (a) | 43,000 | 57,375 | ||||||
Kinsus Interconnect Technology Corp. | 8,000 | 25,695 | ||||||
MediaTek, Inc. | 26,000 | 351,902 | ||||||
Novatek Microelectronics Corp. | 15,000 | 77,661 | ||||||
Phison Electronics Corp. | 4,000 | 33,237 | ||||||
Powertech Technology, Inc. (a) | 5,000 | 8,613 | ||||||
Radiant Opto-Electronics Corp. | 10,000 | 31,128 | ||||||
Realtek Semiconductor Corp. | 3,000 | 9,588 | ||||||
Siliconware Precision Industries Co., Ltd. | 30,000 | 49,952 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 177,000 | 823,058 | ||||||
Transcend Information, Inc. | 18,000 | 63,854 | ||||||
United Microelectronics Corp. | 153,000 | 75,791 | ||||||
Vanguard International Semiconductor Corp. | 8,000 | 13,602 | ||||||
1,776,053 | ||||||||
SPECIALTY RETAIL — 0.3% | ||||||||
Hotai Motor Co., Ltd. | 1,000 | 15,452 | ||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 14.7% | ||||||||
Acer, Inc. (a) | 45,612 | 29,446 | ||||||
Advantech Co., Ltd. | 10,000 | 76,223 | ||||||
Asustek Computer, Inc. | 19,000 | 191,275 | ||||||
Catcher Technology Co., Ltd. | 5,000 | 52,413 | ||||||
Chicony Electronics Co., Ltd. | 20,000 | 56,120 | ||||||
Clevo Co. | 8,000 | 12,451 | ||||||
Compal Electronics, Inc. | 62,000 | 51,617 | ||||||
Foxconn Technology Co., Ltd. | 25,000 | 67,114 | ||||||
HTC Corp. (a) | 14,000 | 62,416 | ||||||
Inventec Corp. | 29,000 | 20,992 | ||||||
Lite-On Technology Corp. | 51,000 | 66,093 | ||||||
Pegatron Corp. | 23,000 | 62,260 | ||||||
Quanta Computer, Inc. | 40,000 | 96,644 | ||||||
Wistron Corp. | 54,000 | 45,906 | ||||||
890,970 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.4% | ||||||||
Eclat Textile Co., Ltd. | 3,000 | 39,454 | ||||||
Formosa Taffeta Co., Ltd. | 5,000 | 5,265 | ||||||
Pou Chen Corp. | 15,000 | 20,997 | ||||||
Ruentex Industries, Ltd. | 10,000 | 21,892 | ||||||
87,608 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 4.4% | ||||||||
Far EasTone Telecommunications Co., Ltd. | 42,000 | 101,342 | ||||||
Taiwan Mobile Co., Ltd. | 48,000 | 167,977 | ||||||
269,319 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $5,988,232) | 6,086,891 | |||||||
SHORT TERM INVESTMENT — 0.0% (b) | ||||||||
UNITED STATES — 0.0% (b) | ||||||||
MONEY MARKET FUND — 0.0% (b) | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (c)(d) (Cost $1,740) | 1,740 | 1,740 | ||||||
TOTAL INVESTMENTS — 100.1% | ||||||||
(Cost $5,989,972) | 6,088,631 | |||||||
OTHER ASSETS & LIABILITIES — (0.1)% | (5,733 | ) | ||||||
NET ASSETS — 100.0% | $ | 6,082,898 | ||||||
(a) | Non-income producing security | |||||
(b) | Amount shown represents less than 0.05% of net assets. | |||||
(c) | Affiliated Fund managed by SSGA Funds Management, Inc. (Note 3). | |||||
(d) | The rate shown is the annualized seven-day yield at period end. |
See accompanying notes to financial statements.
309
SPDR MSCI United Kingdom Quality Mix ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.8% | ||||||||
AEROSPACE & DEFENSE — 5.6% | ||||||||
BAE Systems PLC | 9,327 | $ | 72,483 | |||||
Cobham PLC | 2,527 | 11,412 | ||||||
Meggitt PLC | 1,667 | 13,574 | ||||||
Rolls-Royce Holdings PLC (a) | 3,917 | 55,415 | ||||||
152,884 | ||||||||
AIR FREIGHT & LOGISTICS — 0.1% | ||||||||
Royal Mail PLC | 321 | 2,089 | ||||||
AIRLINES — 0.5% | ||||||||
easyJet PLC | 473 | 13,215 | ||||||
AUTO COMPONENTS — 0.1% | ||||||||
GKN PLC | 428 | 2,278 | ||||||
BANKS — 7.9% | ||||||||
Barclays PLC | 10,595 | 38,157 | ||||||
HSBC Holdings PLC | 13,595 | 115,844 | ||||||
Lloyds Banking Group PLC (a) | 17,492 | 20,327 | ||||||
Royal Bank of Scotland Group PLC (a) | 1,148 | 5,794 | ||||||
Standard Chartered PLC | 2,156 | 34,998 | ||||||
215,120 | ||||||||
BEVERAGES — 3.7% | ||||||||
Coca-Cola HBC AG (a) | 59 | 1,064 | ||||||
Diageo PLC | 3,055 | 84,331 | ||||||
SABMiller PLC | 292 | 15,345 | ||||||
100,740 | ||||||||
CAPITAL MARKETS — 2.0% | ||||||||
3i Group PLC | 448 | 3,208 | ||||||
Aberdeen Asset Management PLC | 2,196 | 14,983 | ||||||
Hargreaves Lansdown PLC | 856 | 14,639 | ||||||
ICAP PLC | 1,003 | 7,847 | ||||||
Investec PLC | 228 | 1,899 | ||||||
Schroders PLC | 264 | 12,541 | ||||||
55,117 | ||||||||
CHEMICALS — 1.5% | ||||||||
Croda International PLC | 425 | 17,281 | ||||||
Johnson Matthey PLC | 482 | 24,228 | ||||||
41,509 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.2% | ||||||||
Aggreko PLC | 599 | 13,578 | ||||||
Babcock International Group PLC | 453 | 6,621 | ||||||
G4S PLC | 3,110 | 13,656 | ||||||
33,855 | ||||||||
CONTAINERS & PACKAGING — 0.8% | ||||||||
Rexam PLC | 2,485 | 21,359 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 0.2% | ||||||||
London Stock Exchange Group PLC | 133 | 4,855 | ||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 2.1% | ||||||||
BT Group PLC | 5,970 | 38,817 | ||||||
Inmarsat PLC | 1,239 | 17,023 | ||||||
55,840 | ||||||||
ELECTRIC UTILITIES — 1.0% | ||||||||
SSE PLC | 1,264 | 28,109 | ||||||
ENERGY EQUIPMENT & SERVICES — 0.8% | ||||||||
Amec Foster Wheeler PLC | 868 | 11,668 | ||||||
Petrofac, Ltd. | 637 | 9,012 | ||||||
20,680 | ||||||||
FOOD & STAPLES RETAILING — 1.6% | ||||||||
J Sainsbury PLC | 2,192 | 8,434 | ||||||
Tesco PLC | 7,132 | 25,606 | ||||||
William Morrison Supermarkets PLC | 3,428 | 9,847 | ||||||
43,887 | ||||||||
FOOD PRODUCTS — 4.9% | ||||||||
Associated British Foods PLC | 921 | 38,528 | ||||||
Tate & Lyle PLC | 1,391 | 12,338 | ||||||
Unilever PLC | 1,945 | 81,279 | ||||||
132,145 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.7% | ||||||||
Smith & Nephew PLC | 2,736 | 46,465 | ||||||
HOTELS, RESTAURANTS & LEISURE — 5.5% | ||||||||
Carnival PLC | 56 | 2,740 | ||||||
Compass Group PLC | 5,009 | 87,148 | ||||||
InterContinental Hotels Group PLC | 77 | 3,011 | ||||||
Merlin Entertainments PLC | 1,491 | 9,786 | ||||||
TUI AG | 229 | 4,035 | ||||||
Whitbread PLC | 412 | 32,079 | ||||||
William Hill PLC | 2,174 | 11,970 | ||||||
150,769 | ||||||||
HOUSEHOLD DURABLES — 0.1% | ||||||||
Persimmon PLC (a) | 69 | 1,703 | ||||||
HOUSEHOLD PRODUCTS — 3.4% | ||||||||
Reckitt Benckiser Group PLC | 1,086 | 93,506 | ||||||
INDUSTRIAL CONGLOMERATES — 0.5% | ||||||||
Smiths Group PLC | 844 | 14,008 | ||||||
INSURANCE — 4.6% | ||||||||
Admiral Group PLC | 1,329 | 30,185 | ||||||
Aviva PLC | 1,607 | 12,882 | ||||||
Direct Line Insurance Group PLC | 5,526 | 26,169 | ||||||
Friends Life Group, Ltd. | 2,140 | 13,139 | ||||||
Legal & General Group PLC | 2,856 | 11,812 | ||||||
Old Mutual PLC | 2,124 | 7,003 | ||||||
Prudential PLC | 611 | 15,166 | ||||||
RSA Insurance Group PLC | 870 | 5,436 | ||||||
Standard Life PLC | 483 | 3,409 | ||||||
125,201 | ||||||||
MACHINERY — 0.6% | ||||||||
IMI PLC | 777 | 14,707 | ||||||
Melrose Industries PLC | 248 | 1,022 | ||||||
Weir Group PLC | 37 | 934 | ||||||
16,663 | ||||||||
MEDIA — 5.9% | ||||||||
ITV PLC | 11,011 | 41,339 | ||||||
Pearson PLC | 517 | 11,136 | ||||||
Reed Elsevier PLC | 4,172 | 71,781 | ||||||
Sky PLC | 2,015 | 29,703 | ||||||
WPP PLC | 288 | 6,546 | ||||||
160,505 | ||||||||
See accompanying notes to financial statements.
310
SPDR MSCI United Kingdom Quality Mix ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
METALS & MINING — 3.3% | ||||||||
Anglo American PLC | 792 | $ | 11,898 | |||||
Antofagasta PLC | 111 | 1,207 | ||||||
BHP Billiton PLC | 720 | 15,749 | ||||||
Fresnillo PLC | 324 | 3,283 | ||||||
Glencore PLC (a) | 5,443 | 23,101 | ||||||
Randgold Resources, Ltd. | 172 | 11,983 | ||||||
Rio Tinto PLC | 548 | 22,551 | ||||||
89,772 | ||||||||
MULTI-UTILITIES — 2.6% | ||||||||
Centrica PLC | 5,552 | 20,852 | ||||||
National Grid PLC | 3,853 | 49,459 | ||||||
70,311 | ||||||||
MULTILINE RETAIL — 2.0% | ||||||||
Marks & Spencer Group PLC | 890 | 7,068 | ||||||
Next PLC | 457 | 47,659 | ||||||
54,727 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 11.2% | ||||||||
BG Group PLC | 1,247 | 15,346 | ||||||
BP PLC | 19,722 | 127,854 | ||||||
Royal Dutch Shell PLC (Class A) | 3,221 | 96,014 | ||||||
Royal Dutch Shell PLC (Class B) | 2,077 | 64,719 | ||||||
Tullow Oil PLC | 334 | 1,404 | ||||||
305,337 | ||||||||
PHARMACEUTICALS — 7.1% | ||||||||
AstraZeneca PLC | 1,139 | 78,227 | ||||||
GlaxoSmithKline PLC | 2,497 | 57,307 | ||||||
Shire PLC | 726 | 57,821 | ||||||
193,355 | ||||||||
PROFESSIONAL SERVICES — 2.0% | ||||||||
Capita PLC | 1,725 | 28,578 | ||||||
Experian PLC | 474 | 7,860 | ||||||
Intertek Group PLC | 495 | 18,356 | ||||||
54,794 | ||||||||
REAL ESTATE INVESTMENT TRUSTS — 2.4% | ||||||||
British Land Co. PLC | 1,281 | 15,831 | ||||||
Hammerson PLC | 1,414 | 13,959 | ||||||
Intu Properties PLC | 2,036 | 10,518 | ||||||
Land Securities Group PLC | 1,197 | 22,265 | ||||||
Segro PLC | 387 | 2,395 | ||||||
64,968 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.0% (b) | ||||||||
ARM Holdings PLC | 63 | 1,033 | ||||||
SOFTWARE — 0.9% | ||||||||
Sage Group PLC | 3,359 | 23,272 | ||||||
SPECIALTY RETAIL — 0.6% | ||||||||
Dixons Carphone PLC | 532 | 3,259 | ||||||
Kingfisher PLC | 1,369 | 7,735 | ||||||
Sports Direct International PLC (a) | 589 | 5,325 | ||||||
16,319 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.1% | ||||||||
Burberry Group PLC | 1,126 | 28,968 | ||||||
TOBACCO — 4.8% | ||||||||
British American Tobacco PLC | 1,817 | 94,097 | ||||||
Imperial Tobacco Group PLC | 801 | 35,232 | ||||||
129,329 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 2.1% | ||||||||
Ashtead Group PLC | 64 | 1,030 | ||||||
Bunzl PLC | 1,355 | 36,830 | ||||||
Travis Perkins PLC | 517 | 14,966 | ||||||
Wolseley PLC | 82 | 4,861 | ||||||
57,687 | ||||||||
WATER UTILITIES — 0.2% | ||||||||
Severn Trent PLC | 53 | 1,620 | ||||||
United Utilities Group PLC | 360 | 4,986 | ||||||
6,606 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 2.2% | ||||||||
Vodafone Group PLC | 18,639 | 60,998 | ||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $3,002,049) | 2,689,978 | |||||||
SHORT TERM INVESTMENT — 0.1% | ||||||||
UNITED STATES — 0.1% | ||||||||
MONEY MARKET FUND — 0.1% | ||||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (c)(d) (Cost $2,673) | 2,673 | 2,673 | ||||||
TOTAL INVESTMENTS — 98.9% | ||||||||
(Cost $3,004,722) | 2,692,651 | |||||||
OTHER ASSETS & LIABILITIES — 1.1% | 28,632 | |||||||
NET ASSETS — 100.0% | $ | 2,721,283 | ||||||
(a) | Non-income producing security | |||||
(b) | Amount shown represents less than 0.05% of net assets. | |||||
(c) | Affiliated Fund managed by SSGA Funds Management, Inc. (Note 3). | |||||
(d) | The rate shown is the annualized seven-day yield at period end. |
PLC = Public Limited Company
See accompanying notes to financial statements.
311
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.8% | ||||||||
JAPAN — 98.8% | ||||||||
AIR FREIGHT & LOGISTICS — 0.3% | ||||||||
Yamato Holdings Co., Ltd. | 2,380 | $ | 55,012 | |||||
AIRLINES — 0.5% | ||||||||
All Nippon Airways Co., Ltd. | 10,000 | 26,834 | ||||||
Japan Airlines Co., Ltd. | 2,000 | 62,372 | ||||||
89,206 | ||||||||
AUTO COMPONENTS — 3.4% | ||||||||
Aisin Seiki Co., Ltd. | 1,168 | 42,464 | ||||||
Bridgestone Corp. | 3,803 | 152,723 | ||||||
Daido Metal Co., Ltd. | 1,000 | 10,432 | ||||||
Denso Corp. | 2,647 | 121,021 | ||||||
FCC Co., Ltd. (a) | 984 | 15,401 | ||||||
Futaba Industrial Co., Ltd. (b) | 408 | 1,902 | ||||||
Keihin Corp. | 556 | 8,535 | ||||||
NGK Spark Plug Co., Ltd. | 760 | 20,469 | ||||||
NHK Spring Co., Ltd. | 340 | 3,552 | ||||||
Nifco, Inc. | 1,028 | 35,531 | ||||||
Nissin Kogyo Co., Ltd. | 616 | 9,801 | ||||||
NOK Corp. (a) | 1,016 | 30,669 | ||||||
Showa Corp. | 1,212 | 12,269 | ||||||
Stanley Electric Co., Ltd. | 644 | 14,590 | ||||||
Sumitomo Electric Industries, Ltd. | 3,787 | 49,735 | ||||||
Sumitomo Rubber Industries, Inc. | 1,808 | 33,439 | ||||||
Tokai Rika Co., Ltd. | 20 | 465 | ||||||
Toyo Tire & Rubber Co., Ltd. | 900 | 16,263 | ||||||
Toyota Industries Corp. | 1,172 | 67,237 | ||||||
646,498 | ||||||||
AUTOMOBILES — 8.6% | ||||||||
Daihatsu Motor Co., Ltd. (a) | 264 | 4,046 | ||||||
Fuji Heavy Industries, Ltd. | 3,547 | 118,041 | ||||||
Honda Motor Co., Ltd. (a) | 9,374 | 305,080 | ||||||
Isuzu Motors, Ltd. | 4,900 | 65,272 | ||||||
Mazda Motor Corp. | 3,200 | 65,081 | ||||||
Mitsubishi Motors Corp. (a) | 2,600 | 23,523 | ||||||
Nissan Motor Co., Ltd. | 13,462 | 137,398 | ||||||
Suzuki Motor Corp. | 2,192 | 66,030 | ||||||
Toyota Motor Corp. | 11,477 | 802,266 | ||||||
Yamaha Motor Co., Ltd. | 1,216 | 29,425 | ||||||
1,616,162 | ||||||||
BANKS — 8.5% | ||||||||
77 Bank, Ltd. | 3,803 | 21,564 | ||||||
Awa Bank, Ltd. | 3,731 | 21,187 | ||||||
Bank of Kyoto, Ltd. | 1,916 | 20,115 | ||||||
Bank of Yokohama, Ltd. | 7,947 | 46,652 | ||||||
Chiba Bank, Ltd. | 6,063 | 44,591 | ||||||
Chugoku Bank, Ltd. | 1,704 | 25,505 | ||||||
Fukuoka Financial Group, Inc. | 6,000 | 30,969 | ||||||
Hachijuni Bank, Ltd. | 5,719 | 40,439 | ||||||
Hiroshima Bank, Ltd. | 5,811 | 31,399 | ||||||
Hokuhoku Financial Group, Inc. | 9,658 | 21,583 | ||||||
Hyakugo Bank, Ltd. | 4,147 | 19,261 | ||||||
Iyo Bank, Ltd. | 1,580 | 18,801 | ||||||
Joyo Bank, Ltd. | 4,155 | 21,412 | ||||||
Juroku Bank, Ltd. | 5,883 | 21,633 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 71,400 | 442,778 | ||||||
Mizuho Financial Group, Inc. | 137,300 | 241,685 | ||||||
Musashino Bank, Ltd. | 420 | 14,131 | ||||||
Nanto Bank, Ltd. | 2,391 | 8,314 | ||||||
Nishi-Nippon City Bank, Ltd. | 7,799 | 22,696 | ||||||
Resona Holdings, Inc. | 9,500 | 47,260 | ||||||
Shinsei Bank, Ltd. (a) | 9,726 | 19,383 | ||||||
Shizuoka Bank, Ltd. | 2,363 | 23,645 | ||||||
Sumitomo Mitsui Financial Group, Inc. (a) | 7,200 | 276,263 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 19,981 | 82,556 | ||||||
Suruga Bank, Ltd. | 296 | 6,158 | ||||||
Yamaguchi Financial Group, Inc. | 2,076 | 23,941 | ||||||
1,593,921 | ||||||||
BEVERAGES — 1.3% | ||||||||
Asahi Group Holdings, Ltd. | 2,584 | 82,169 | ||||||
Ito En, Ltd. (a) | 1,356 | 29,297 | ||||||
Kirin Holdings Co., Ltd. | 6,107 | 80,306 | ||||||
Suntory Beverage & Food, Ltd. | 900 | 38,649 | ||||||
Takara Holdings, Inc. | 2,279 | 16,533 | ||||||
246,954 | ||||||||
BIOTECHNOLOGY — 0.1% | ||||||||
GNI Group, Ltd. (a)(b) | 3,000 | 6,854 | ||||||
Takara Bio, Inc. (a) | 300 | 3,435 | ||||||
10,289 | ||||||||
BUILDING PRODUCTS — 1.3% | ||||||||
Aica Kogyo Co., Ltd. | 284 | 6,631 | ||||||
Asahi Glass Co., Ltd. | 6,299 | 41,389 | ||||||
Daikin Industries, Ltd. | 1,432 | 96,076 | ||||||
LIXIL Group Corp. (a) | 1,772 | 42,067 | ||||||
Nippon Sheet Glass Co., Ltd. (b) | 6,000 | 5,904 | ||||||
TOTO, Ltd. | 3,444 | 51,261 | ||||||
243,328 | ||||||||
CAPITAL MARKETS — 1.3% | ||||||||
Daiwa Securities Group, Inc. | 8,482 | 66,908 | ||||||
Jafco Co., Ltd. | 212 | 7,902 | ||||||
Nomura Holdings, Inc. | 18,376 | 108,210 | ||||||
Okasan Securities Group, Inc. | 2,107 | 16,779 | ||||||
SBI Holdings, Inc. | 1,558 | 18,916 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 3,967 | 30,697 | ||||||
249,412 | ||||||||
CHEMICALS — 4.2% | ||||||||
Asahi Kasei Corp. (a) | 5,859 | 56,135 | ||||||
C. Uyemura & Co., Ltd. | 200 | 9,940 | ||||||
Daicel Chemical Industries, Ltd. | 2,055 | 24,555 | ||||||
DIC Corp. | 6,391 | 18,652 | ||||||
Hitachi Chemical Co., Ltd. | 976 | 20,932 | ||||||
JSR Corp. | 1,360 | 23,622 | ||||||
Kaneka Corp. | 2,224 | 15,689 | ||||||
Kansai Paint Co., Ltd. | 2,092 | 38,098 | ||||||
Kuraray Co., Ltd. | 2,971 | 40,307 | ||||||
Mitsubishi Chemical Holdings Corp. | 6,023 | 35,086 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 2,268 | 11,196 | ||||||
Mitsui Chemicals, Inc. | 5,843 | 18,807 | ||||||
Nissan Chemical Industries, Ltd. | 2,116 | 43,917 | ||||||
Nitto Denko Corp. | 784 | 52,496 | ||||||
Shin-Etsu Chemical Co., Ltd. | 2,420 | 158,407 |
See accompanying notes to financial statements.
312
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Showa Denko KK | 7,723 | $ | 9,853 | |||||
Sumitomo Chemical Co., Ltd. | 9,674 | 49,852 | ||||||
Teijin, Ltd. | 6,367 | 21,661 | ||||||
Tokai Carbon Co., Ltd. | 1,828 | 5,152 | ||||||
Toray Industries, Inc. (a) | 7,758 | 65,143 | ||||||
Tosoh Corp. | 5,599 | 28,293 | ||||||
Toyobo Co., Ltd. | 8,302 | 11,215 | ||||||
Ube Industries, Ltd. | 9,543 | 14,960 | ||||||
Zeon Corp. | 2,132 | 19,733 | ||||||
793,701 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 1.0% | ||||||||
Aeon Delight Co., Ltd. | 200 | 4,791 | ||||||
Dai Nippon Printing Co., Ltd. (a) | 3,739 | 36,416 | ||||||
Daiseki Co., Ltd. | 400 | 7,234 | ||||||
Nissha Printing Co., Ltd. (a) | 236 | 4,320 | ||||||
Park24 Co., Ltd. | 1,000 | 20,488 | ||||||
Secom Co., Ltd. | 1,368 | 91,542 | ||||||
Toppan Printing Co., Ltd. (a) | 4,299 | 33,195 | ||||||
197,986 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.0% (c) | ||||||||
Denki Kogyo Co., Ltd. | 1,000 | 4,753 | ||||||
CONSTRUCTION & ENGINEERING — 1.5% | ||||||||
Chiyoda Corp. | 1,688 | 14,470 | ||||||
COMSYS Holdings Corp. | 2,000 | 24,765 | ||||||
JGC Corp. (a) | 1,760 | 35,053 | ||||||
Kajima Corp. | 7,595 | 35,339 | ||||||
Maeda Corp. | 3,855 | 28,030 | ||||||
Nishimatsu Construction Co., Ltd. (a) | 2,000 | 7,104 | ||||||
Obayashi Corp. | 5,679 | 36,937 | ||||||
Raito Kogyo Co., Ltd. | 100 | 820 | ||||||
Shimizu Corp. | 5,559 | 37,686 | ||||||
Taisei Corp. (a) | 10,995 | 62,252 | ||||||
Tokyu Construction Co., Ltd. | 100 | 567 | ||||||
283,023 | ||||||||
CONSTRUCTION MATERIALS — 0.2% | ||||||||
Taiheiyo Cement Corp. | 9,607 | 29,400 | ||||||
CONSUMER FINANCE — 0.4% | ||||||||
Acom Co., Ltd. (a)(b) | 200 | 695 | ||||||
Aeon Credit Service Co., Ltd. (a) | 1,040 | 26,320 | ||||||
Credit Saison Co., Ltd. | 1,364 | 24,544 | ||||||
J Trust Co., Ltd. | 500 | 4,311 | ||||||
Jaccs Co., Ltd. | 2,000 | 10,490 | ||||||
Orient Corp. (b) | 4,001 | 6,506 | ||||||
72,866 | ||||||||
CONTAINERS & PACKAGING — 0.1% | ||||||||
Toyo Seikan Group Holdings, Ltd. | 1,048 | 15,398 | ||||||
DISTRIBUTORS — 0.1% | ||||||||
Canon Marketing Japan, Inc. | 992 | 19,943 | ||||||
DIVERSIFIED CONSUMER SERVICES — 0.1% | ||||||||
Benesse Holdings, Inc. | 628 | 19,794 | ||||||
DIVERSIFIED FINANCIAL SERVICES — 0.7% | ||||||||
Japan Exchange Group, Inc. | 200 | 5,812 | ||||||
ORIX Corp. | 7,600 | 107,005 | ||||||
Zenkoku Hosho Co., Ltd. | 500 | 18,783 | ||||||
131,600 | ||||||||
DIVERSIFIED TELECOMMUNICATION SERVICES — 1.4% | ||||||||
Nippon Telegraph & Telephone Corp. | 4,400 | 271,393 | ||||||
ELECTRIC UTILITIES — 1.2% | ||||||||
Chubu Electric Power Co., Inc. | 2,363 | 28,256 | ||||||
Chugoku Electric Power Co., Inc. (a) | 1,648 | 21,520 | ||||||
Hokkaido Electric Power Co., Inc. (a)(b) | 928 | 7,313 | ||||||
Hokuriku Electric Power Co. | 1,412 | 18,732 | ||||||
Kansai Electric Power Co., Inc. (b) | 4,811 | 45,994 | ||||||
Kyushu Electric Power Co., Inc. (a)(b) | 2,376 | 23,081 | ||||||
Okinawa Electric Power Co., Inc. | 36 | 1,304 | ||||||
Shikoku Electric Power Co., Inc. (b) | 972 | 11,995 | ||||||
Tohoku Electric Power Co., Inc. | 2,843 | 32,383 | ||||||
Tokyo Electric Power Co., Inc. (b) | 8,667 | 32,883 | ||||||
223,461 | ||||||||
ELECTRICAL EQUIPMENT — 1.6% | ||||||||
Fuji Electric Holdings Co., Ltd. | 6,099 | 28,836 | ||||||
Fujikura, Ltd. | 4,107 | 18,048 | ||||||
Furukawa Electric Co., Ltd. (a) | 3,899 | 6,600 | ||||||
GS Yuasa Corp. | 1,000 | 4,511 | ||||||
Mitsubishi Electric Corp. | 11,974 | 142,630 | ||||||
Nidec Corp. | 1,200 | 79,920 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 1,300 | 5,517 | ||||||
Ushio, Inc. | 1,036 | 12,923 | ||||||
298,985 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 5.9% | ||||||||
Alps Electric Co., Ltd. | 1,568 | 37,956 | ||||||
Amano Corp. | 1,236 | 14,810 | ||||||
Anritsu Corp. | 100 | 700 | ||||||
Citizen Holdings Co., Ltd. | 2,903 | 22,319 | ||||||
Hamamatsu Photonics K.K. | 1,536 | 46,557 | ||||||
Hirose Electric Co., Ltd. | 113 | 14,643 | ||||||
Hitachi, Ltd. (a) | 25,933 | 178,012 | ||||||
Horiba, Ltd. | 404 | 15,479 | ||||||
Hoya Corp. | 2,632 | 105,730 | ||||||
Ibiden Co., Ltd. | 996 | 16,835 | ||||||
Iriso Electronics Co., Ltd. | 200 | 14,042 | ||||||
Japan Aviation Electronics Industry, Ltd. | 1,000 | 24,315 | ||||||
Keyence Corp. | 240 | 131,282 | ||||||
Kyocera Corp. | 1,900 | 104,439 | ||||||
Murata Manufacturing Co., Ltd. | 1,128 | 155,526 | ||||||
Nippon Electric Glass Co., Ltd. | 3,548 | 17,366 | ||||||
Oki Electric Industry Co., Ltd. | 6,166 | 12,802 | ||||||
Omron Corp. | 1,380 | 62,369 | ||||||
Shimadzu Corp. | 2,312 | 25,853 | ||||||
TDK Corp. | 796 | 56,684 | ||||||
Yaskawa Electric Corp. (a) | 1,704 | 25,022 | ||||||
Yokogawa Electric Corp. (a) | 1,964 | 21,208 | ||||||
1,103,949 | ||||||||
FOOD & STAPLES RETAILING — 1.7% | ||||||||
Aeon Co., Ltd. (a) | 4,403 | 48,427 | ||||||
Cawachi, Ltd. | 448 | 7,815 | ||||||
Cosmos Pharmaceutical Corp. | 100 | 15,651 | ||||||
FamilyMart Co., Ltd. | 352 | 14,793 | ||||||
Lawson, Inc. | 400 | 27,784 | ||||||
Seven & i Holdings Co., Ltd. | 4,439 | 187,036 |
See accompanying notes to financial statements.
313
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
UNY Group Holdings Co., Ltd. | 2,000 | $ | 11,224 | |||||
312,730 | ||||||||
FOOD PRODUCTS — 1.5% | ||||||||
Ajinomoto Co., Inc. (a) | 4,003 | 87,937 | ||||||
Hokuto Corp. | 400 | 7,461 | ||||||
Kikkoman Corp. | 1,256 | 39,955 | ||||||
MEIJI Holdings Co., Ltd. | 400 | 48,864 | ||||||
Nissin Foods Holding Co., Ltd. | 640 | 31,540 | ||||||
Sakata Seed Corp. | 1,584 | 25,822 | ||||||
Yakult Honsha Co., Ltd. | 564 | 39,364 | ||||||
280,943 | ||||||||
GAS UTILITIES — 0.9% | ||||||||
Osaka Gas Co., Ltd. | 12,150 | 50,930 | ||||||
Saibu Gas Co., Ltd. | �� | 10,273 | 23,129 | |||||
Tokyo Gas Co., Ltd. | 13,873 | 87,478 | ||||||
161,537 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 0.9% | ||||||||
Asahi Intecc Co., Ltd. | 300 | 21,013 | ||||||
Nakanishi, Inc. | 300 | 11,720 | ||||||
Olympus Corp. (b) | 1,042 | 38,795 | ||||||
Sysmex Corp. | 800 | 44,495 | ||||||
Terumo Corp. | 1,900 | 50,223 | ||||||
166,246 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 0.4% | ||||||||
BML, Inc. | 200 | 5,687 | ||||||
Medipal Holdings Corp. | 1,192 | 15,555 | ||||||
Miraca Holdings, Inc. | 636 | 29,327 | ||||||
Nichii Gakkan Co. (a) | 200 | 1,765 | ||||||
Suzuken Co., Ltd. | 695 | 21,240 | ||||||
Tsukui Corp. (a) | 900 | 6,829 | ||||||
80,403 | ||||||||
HEALTH CARE TECHNOLOGY — 0.0% (c) | ||||||||
M3, Inc. | 300 | 6,381 | ||||||
HOTELS, RESTAURANTS & LEISURE — 0.7% | ||||||||
Oriental Land Co., Ltd. (a) | 1,616 | 122,556 | ||||||
Round One Corp. | 800 | 4,543 | ||||||
127,099 | ||||||||
HOUSEHOLD DURABLES — 3.0% | ||||||||
Casio Computer Co., Ltd. (a) | 2,248 | 42,720 | ||||||
Fujitsu General, Ltd. | 1,000 | 13,141 | ||||||
Funai Electric Co., Ltd. (a)(b) | 395 | 4,558 | ||||||
Haseko Corp. | 1,800 | 17,591 | ||||||
Nikon Corp. (a) | 1,840 | 24,702 | ||||||
Panasonic Corp. (a) | 12,581 | 165,439 | ||||||
Pioneer Corp. (b) | 2,360 | 4,310 | ||||||
Sangetsu Co., Ltd. | 352 | 5,333 | ||||||
Sekisui Chemical Co., Ltd. | 2,079 | 27,027 | ||||||
Sekisui House, Ltd. | 3,779 | 55,003 | ||||||
Sharp Corp. (a)(b) | 5,519 | 10,815 | ||||||
Sony Corp. (b) | 6,811 | 181,172 | ||||||
Sumitomo Forestry Co., Ltd. | 1,368 | 14,978 | ||||||
566,789 | ||||||||
HOUSEHOLD PRODUCTS — 0.2% | ||||||||
Unicharm Corp. | 1,800 | 47,310 | ||||||
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS — 0.1% | ||||||||
Electric Power Development Co., Ltd. | 840 | 28,368 | ||||||
INDUSTRIAL CONGLOMERATES — 0.8% | ||||||||
Keihan Electric Railway Co., Ltd. | 5,747 | 35,079 | ||||||
Nisshinbo Holdings, Inc. | 1,584 | 15,229 | ||||||
Toshiba Corp. (a) | 23,633 | 99,360 | ||||||
149,668 | ||||||||
INSURANCE — 2.5% | ||||||||
Dai-ichi Life Insurance Co., Ltd. | 4,200 | 61,131 | ||||||
MS&AD Insurance Group Holdings, Inc. (a) | 3,536 | 99,365 | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 2,000 | 62,289 | ||||||
Sony Financial Holdings, Inc. | 1,600 | 25,776 | ||||||
T&D Holdings, Inc. | 4,200 | 57,944 | ||||||
Tokio Marine Holdings, Inc. | 4,247 | 160,725 | ||||||
467,230 | ||||||||
INTERNET & CATALOG RETAIL — 0.5% | ||||||||
ASKUL Corp. | 300 | 7,072 | ||||||
Rakuten, Inc. | 5,100 | 90,092 | ||||||
97,164 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.5% | ||||||||
Dena Co., Ltd. (a) | 800 | 15,683 | ||||||
F@N Communications, Inc. | 400 | 3,405 | ||||||
Gree, Inc. (a) | 600 | 4,178 | ||||||
Gurunavi, Inc. | 400 | 7,825 | ||||||
Internet Initiative Japan, Inc. (a) | 600 | 9,961 | ||||||
Kakaku.com, Inc. (a) | 300 | 4,998 | ||||||
Mixi, Inc. (a) | 200 | 8,105 | ||||||
Yahoo! Japan Corp. | 10,300 | 42,600 | ||||||
96,755 | ||||||||
IT SERVICES — 0.9% | ||||||||
Digital Garage, Inc. | 300 | 4,608 | ||||||
Fujitsu, Ltd. | 10,498 | 71,702 | ||||||
IT Holdings Corp. | 832 | 15,214 | ||||||
Itochu Techno-Solutions Corp. | 616 | 12,816 | ||||||
NET One Systems Co., Ltd. (a) | 2,000 | 13,675 | ||||||
Nomura Research Institute, Ltd. | 300 | 11,307 | ||||||
NTT Data Corp. | 800 | 34,889 | ||||||
SCSK Corp. | 100 | 2,806 | ||||||
TKC Corp. | 400 | 8,032 | ||||||
175,049 | ||||||||
LEISURE PRODUCTS — 0.9% | ||||||||
Bandai Namco Holdings, Inc. | 1,732 | 33,766 | ||||||
Sankyo Co., Ltd. | 640 | 22,814 | ||||||
Sega Sammy Holdings, Inc. (a) | 1,631 | 23,855 | ||||||
Shimano, Inc. | 492 | 73,354 | ||||||
Yamaha Corp. | 1,192 | 20,913 | ||||||
174,702 | ||||||||
MACHINERY — 6.2% | ||||||||
Amada Co., Ltd. | 1,727 | 16,662 | ||||||
DMG Mori Seiki Co., Ltd. | 968 | 14,900 | ||||||
FANUC Corp. | 1,180 | 258,286 | ||||||
Glory, Ltd. | 1,044 | 29,163 | ||||||
IHI Corp. | 10,311 | 48,406 |
See accompanying notes to financial statements.
314
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Japan Steel Works, Ltd. (a) | 1,708 | $ | 7,192 | |||||
JTEKT Corp. | 1,408 | 22,026 | ||||||
Kawasaki Heavy Industries, Ltd. | 7,978 | 40,381 | ||||||
Komatsu, Ltd. | 5,439 | 107,147 | ||||||
Komori Corp. | 788 | 10,060 | ||||||
Kubota Corp. | 4,663 | 73,994 | ||||||
Kurita Water Industries, Ltd. | 976 | 23,642 | ||||||
Makita Corp. | 876 | 45,580 | ||||||
Minebea Co., Ltd. | 2,255 | 35,689 | ||||||
Mitsubishi Heavy Industries, Ltd. | 18,676 | 103,140 | ||||||
Mitsui Engineering & Shipbuilding Co., Ltd. | 7,567 | 12,935 | ||||||
NGK Insulators, Ltd. | 1,320 | 28,233 | ||||||
NSK, Ltd. | 2,463 | 36,106 | ||||||
NTN Corp. | 2,495 | 13,253 | ||||||
OKUMA Corp. | 1,648 | 15,336 | ||||||
OSG Corp. | 1,012 | 19,746 | ||||||
SMC Corp. | 420 | 125,536 | ||||||
Sodick Co., Ltd. | 100 | 1,097 | ||||||
Sumitomo Heavy Industries, Ltd. | 3,795 | 24,904 | ||||||
Takuma Co., Ltd. | 2,000 | 15,710 | ||||||
THK Co., Ltd. | 1,000 | 25,516 | ||||||
Toshiba Machine Co., Ltd. | 1,944 | 8,202 | ||||||
1,162,842 | ||||||||
MARINE — 0.3% | ||||||||
Kawasaki Kisen Kaisha, Ltd. (a) | 5,759 | 15,511 | ||||||
Mitsui OSK Lines, Ltd. | 4,491 | 15,279 | ||||||
Nippon Yusen K.K. | 7,995 | 23,067 | ||||||
53,857 | ||||||||
MEDIA — 0.7% | ||||||||
Adways, Inc. | 300 | 2,444 | ||||||
CyberAgent, Inc. | 400 | 22,981 | ||||||
Dentsu, Inc. | 1,600 | 68,710 | ||||||
Toho Co., Ltd. | 1,352 | 33,122 | ||||||
Usen Corp. (b) | 1,070 | 3,212 | ||||||
130,469 | ||||||||
METALS & MINING — 1.9% | ||||||||
Daido Steel Co., Ltd. | 2,199 | 9,865 | ||||||
Dowa Holdings Co., Ltd. | 1,767 | 15,147 | ||||||
JFE Holdings, Inc. | 2,847 | 63,006 | ||||||
Kobe Steel, Ltd. | 12,645 | 23,408 | ||||||
Mitsubishi Materials Corp. | 8,027 | 27,041 | ||||||
Mitsubishi Steel Manufacturing Co., Ltd. | 4,000 | 8,439 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 5,839 | 13,341 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 36,755 | 92,711 | ||||||
Nippon Yakin Kogyo Co., Ltd. (b) | 300 | 593 | ||||||
Nisshin Steel Co., Ltd. (a) | 500 | 6,266 | ||||||
Sumitomo Metal Mining Co., Ltd. | 3,575 | 52,421 | ||||||
Toho Zinc Co., Ltd. | 4,000 | 12,641 | ||||||
Tokyo Steel Manufacturing Co., Ltd. | 144 | 969 | ||||||
Topy Industries, Ltd. | 5,000 | 11,632 | ||||||
Yodogawa Steel Works, Ltd. | 3,963 | 15,730 | ||||||
353,210 | ||||||||
MULTILINE RETAIL — 1.1% | ||||||||
H2O Retailing Corp. (a) | 2,300 | 43,420 | ||||||
Isetan Mitsukoshi Holdings, Ltd. | 2,441 | 40,465 | ||||||
J Front Retailing Co., Ltd. | 1,900 | 29,928 | ||||||
Marui Group Co., Ltd. (a) | 2,616 | 29,776 | ||||||
Ryohin Keikaku Co., Ltd. | 236 | 34,359 | ||||||
Seria Co., Ltd. (a) | 300 | 10,857 | ||||||
Takashimaya Co., Ltd. | 2,332 | 22,965 | ||||||
211,770 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 0.7% | ||||||||
Cosmo Oil Co., Ltd. (b) | 5,927 | 8,006 | ||||||
Inpex Corp. | 5,900 | 65,211 | ||||||
JX Holdings, Inc. | 14,400 | 55,499 | ||||||
TonenGeneral Sekiyu K.K. | 1,547 | 13,377 | ||||||
142,093 | ||||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||||
Nippon Paper Industries Co., Ltd. (a) | 400 | 6,024 | ||||||
OJI Paper Co., Ltd. (a) | 5,839 | 23,955 | ||||||
29,979 | ||||||||
PERSONAL PRODUCTS — 1.3% | ||||||||
Euglena Co., Ltd. (b) | 500 | 8,239 | ||||||
Kao Corp. | 3,239 | 162,051 | ||||||
Mandom Corp. | 1,116 | 40,899 | ||||||
Shiseido Co., Ltd. (a) | 1,832 | 32,584 | ||||||
243,773 | ||||||||
PHARMACEUTICALS — 5.7% | ||||||||
Astellas Pharma, Inc. | 12,700 | 208,357 | ||||||
Chugai Pharmaceutical Co., Ltd. (a) | 1,116 | 35,223 | ||||||
Daiichi Sankyo Co., Ltd. (a) | 4,051 | 64,417 | ||||||
Eisai Co., Ltd. (a) | 1,540 | 109,601 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 404 | 16,608 | ||||||
Kissei Pharmaceutical Co., Ltd. | 1,000 | 31,270 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 1,833 | 23,951 | ||||||
Mitsubishi Tanabe Pharma Corp. | 2,000 | 34,388 | ||||||
Mochida Pharmaceutical Co., Ltd. | 400 | 26,316 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 200 | 4,616 | ||||||
Ono Pharmaceutical Co., Ltd. | 432 | 48,919 | ||||||
Otsuka Holdings Co., Ltd. | 2,500 | 78,372 | ||||||
Santen Pharmaceutical Co., Ltd. | 3,280 | 47,863 | ||||||
Seikagaku Corp. (a) | 800 | 15,250 | ||||||
Shionogi & Co., Ltd. | 1,996 | 66,658 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. (a) | 960 | 11,399 | ||||||
Taisho Pharmaceutical Holdings Co., Ltd. | 300 | 22,364 | ||||||
Takeda Pharmaceutical Co., Ltd. (a) | 4,355 | 217,850 | ||||||
Torii Pharmaceutical Co., Ltd. | 200 | 5,345 | ||||||
Towa Pharmaceutical Co., Ltd. | 100 | 5,729 | ||||||
Tsumura & Co. | 100 | 2,477 | ||||||
1,076,973 | ||||||||
PROFESSIONAL SERVICES — 0.2% | ||||||||
Meitec Corp. | 812 | 27,253 | ||||||
Nihon M&A Center, Inc. | 400 | 13,842 | ||||||
41,095 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 3.0% | ||||||||
Daikyo, Inc. | 4,256 | 6,423 | ||||||
Daito Trust Construction Co., Ltd. (a) | 564 | 63,137 | ||||||
Daiwa House Industry Co., Ltd. | 2,863 | 56,603 | ||||||
Heiwa Real Estate Co., Ltd. | 900 | 12,668 | ||||||
Hulic Co., Ltd. | 500 | 5,633 |
See accompanying notes to financial statements.
315
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Leopalace21 Corp. (b) | 1,044 | $ | 5,476 | |||||
Mitsubishi Estate Co., Ltd. | 7,111 | 165,256 | ||||||
Mitsui Fudosan Co., Ltd. | 4,923 | 144,888 | ||||||
Sumitomo Realty & Development Co., Ltd. | 1,843 | 66,459 | ||||||
Tokyo Tatemono Co., Ltd. | 3,540 | 25,976 | ||||||
Tokyu Fudosan Holdings Corp. | 2,700 | 18,462 | ||||||
570,981 | ||||||||
ROAD & RAIL — 4.2% | ||||||||
Central Japan Railway Co. | 900 | 163,190 | ||||||
East Japan Railway Co. (a) | 1,800 | 144,690 | ||||||
Hankyu Hanshin Holdings, Inc. | 8,486 | 52,575 | ||||||
Keikyu Corp. | 4,355 | 34,898 | ||||||
Keio Corp. | 5,000 | 39,316 | ||||||
Keisei Electric Railway Co., Ltd. | 2,147 | 26,729 | ||||||
Kintetsu Corp. | 12,038 | 44,267 | ||||||
Nagoya Railroad Co., Ltd. (a) | 8,362 | 33,469 | ||||||
Nankai Electric Railway Co., Ltd. | 6,111 | 25,275 | ||||||
Nippon Express Co., Ltd. | 7,555 | 42,335 | ||||||
Odakyu Electric Railway Co., Ltd. | 2,483 | 25,363 | ||||||
Sotetsu Holdings, Inc. | 8,254 | 38,336 | ||||||
Tobu Railway Co., Ltd. | 6,007 | 28,551 | ||||||
Tokyu Corp. | 6,391 | 39,649 | ||||||
West Japan Railway Co. | 1,100 | 57,814 | ||||||
796,457 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 0.6% | ||||||||
Advantest Corp. (a) | 1,216 | 15,402 | ||||||
Disco Corp. | 184 | 18,841 | ||||||
Rohm Co., Ltd. | 576 | 39,529 | ||||||
Sanken Electric Co., Ltd. | 2,404 | 16,678 | ||||||
SCREEN Holdings Co., Ltd. | 364 | 2,762 | ||||||
Shinko Electric Industries Co., Ltd. | 592 | 4,226 | ||||||
Sumco Corp. | 1,046 | 17,610 | ||||||
115,048 | ||||||||
SOFTWARE — 0.8% | ||||||||
GungHo Online Entertainment, Inc. (a) | 2,100 | 8,230 | ||||||
Konami Corp. | 792 | 14,859 | ||||||
Nintendo Co., Ltd. | 648 | 95,505 | ||||||
NSD Co., Ltd. | 900 | 13,291 | ||||||
Square Enix Holdings Co., Ltd. | 396 | 8,496 | ||||||
Trend Micro, Inc. | 368 | 12,152 | ||||||
152,533 | ||||||||
SPECIALTY RETAIL — 1.6% | ||||||||
Aoyama Trading Co., Ltd. | 984 | 32,123 | ||||||
Arcland Sakamoto Co., Ltd. | 300 | 6,442 | ||||||
Autobacs Seven Co., Ltd. | 480 | 7,593 | ||||||
Fast Retailing Co., Ltd. (a) | 176 | 68,235 | ||||||
Gulliver International Co., Ltd. | 600 | 4,953 | ||||||
Hikari Tsushin, Inc. | 184 | 11,952 | ||||||
Jin Co., Ltd. (a) | 300 | 10,419 | ||||||
K’s Holdings Corp. (a) | 300 | 9,719 | ||||||
Nitori Holding Co., Ltd. | 400 | 27,150 | ||||||
Sanrio Co., Ltd. (a) | 448 | 12,010 | ||||||
Shimachu Co., Ltd. (a) | 984 | 26,010 | ||||||
Shimamura Co., Ltd. | 232 | 21,512 | ||||||
USS Co., Ltd. | 2,000 | 34,655 | ||||||
VT Holdings Co., Ltd. | 600 | 2,632 | ||||||
Yamada Denki Co., Ltd. (a) | 6,000 | 24,765 | ||||||
300,170 | ||||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 2.7% | ||||||||
Brother Industries, Ltd. | 1,832 | 29,223 | ||||||
Canon, Inc. | 6,158 | 218,130 | ||||||
FUJIFILM Holdings Corp. | 2,827 | 100,810 | ||||||
Konica Minolta Holdings, Inc. | 4,075 | 41,489 | ||||||
NEC Corp. | 11,918 | 35,081 | ||||||
Ricoh Co., Ltd. | 3,655 | 39,864 | ||||||
Roland DG Corp. | 300 | 8,130 | ||||||
Seiko Epson Corp. | 2,152 | 38,240 | ||||||
Wacom Co., Ltd. | 100 | 482 | ||||||
511,449 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 0.4% | ||||||||
Asics Corp. | 1,164 | 31,739 | ||||||
Gunze, Ltd. | 4,223 | 11,304 | ||||||
Japan Wool Textile Co., Ltd. | 2,031 | 14,700 | ||||||
Onward Holdings Co., Ltd. | 1,580 | 11,040 | ||||||
68,783 | ||||||||
TOBACCO — 1.0% | ||||||||
Japan Tobacco, Inc. | 6,000 | 190,144 | ||||||
TRADING COMPANIES & DISTRIBUTORS — 3.4% | ||||||||
Hanwa Co., Ltd. | 2,207 | 8,981 | ||||||
Inaba Denki Sangyo Co., Ltd. | 856 | 31,049 | ||||||
ITOCHU Corp. (a) | 8,666 | 94,049 | ||||||
Iwatani Corp. | 451 | 2,963 | ||||||
Kanematsu Corp. | 6,000 | 8,755 | ||||||
Marubeni Corp. (a) | 10,202 | 59,209 | ||||||
Mitsubishi Corp. (a) | 7,607 | 153,536 | ||||||
Mitsui & Co., Ltd. | 9,902 | 133,100 | ||||||
Nishio Rent All Co., Ltd. | 300 | 8,643 | ||||||
Sojitz Corp. (a) | 8,528 | 14,293 | ||||||
Sumitomo Corp. (a) | 6,375 | 68,335 | ||||||
Toyota Tsusho Corp. | 1,039 | 27,594 | ||||||
Yamazen Corp. | 2,800 | 23,044 | ||||||
633,551 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 0.1% | ||||||||
Kamigumi Co., Ltd. | 2,395 | 22,667 | ||||||
Mitsubishi Logistics Corp. | 216 | 3,377 | ||||||
26,044 | ||||||||
WIRELESS TELECOMMUNICATION SERVICES — 3.5% | ||||||||
KDDI Corp. | 9,900 | 224,582 | ||||||
NTT DoCoMo, Inc. (a) | 8,400 | 146,076 | ||||||
Softbank Corp. | 4,815 | 280,248 | ||||||
650,906 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $20,772,433) | 18,617,535 | |||||||
SHORT TERM INVESTMENTS — 14.0% | ||||||||
UNITED STATES — 14.0% | ||||||||
MONEY MARKET FUNDS — 14.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 2,609,030 | 2,609,030 |
See accompanying notes to financial statements.
316
SPDR Russell/Nomura PRIME Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (e)(f) | 19,050 | $ | 19,050 | |||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $2,628,080) | 2,628,080 | |||||||
TOTAL INVESTMENTS — 112.8% | ||||||||
(Cost $23,400,513) | 21,245,615 | |||||||
OTHER ASSETS & LIABILITIES — (12.8)% | (2,405,254 | ) | ||||||
NET ASSETS — 100.0% | $ | 18,840,361 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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.
317
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 98.4% | ||||||||
JAPAN — 98.4% | ||||||||
AEROSPACE & DEFENSE — 0.0% (a) | ||||||||
Jamco Corp. | 1,000 | $ | 30,561 | |||||
AIR FREIGHT & LOGISTICS — 0.4% | ||||||||
Kintetsu World Express, Inc. | 3,600 | 162,101 | ||||||
Mitsui-Soko Holdings Co., Ltd. | 22,686 | 76,424 | ||||||
238,525 | ||||||||
AUTO COMPONENTS — 4.7% | ||||||||
Ahresty Corp. | 4,300 | 27,573 | ||||||
Akebono Brake Industry Co., Ltd. (b) | 4,400 | 16,143 | ||||||
Calsonic Kansei Corp. | 13,000 | 86,396 | ||||||
Daido Metal Co., Ltd. | 1,900 | 19,820 | ||||||
Eagle Industry Co., Ltd. | 5,000 | 101,438 | ||||||
Exedy Corp. | 3,600 | 85,944 | ||||||
FCC Co., Ltd. (b) | 7,113 | 111,329 | ||||||
Futaba Industrial Co., Ltd. (c) | 10,194 | 47,517 | ||||||
Keihin Corp. | 7,341 | 112,694 | ||||||
KYB Co., Ltd. | 19,902 | 73,020 | ||||||
Mitsuba Corp. | 2,700 | 59,797 | ||||||
Musashi Seimitsu Industry Co., Ltd. | 4,152 | 88,008 | ||||||
Nifco, Inc. | 6,900 | 238,487 | ||||||
Nippon Seiki Co., Ltd. | 5,000 | 98,728 | ||||||
Nissan Shatai Co., Ltd. | 9,700 | 124,804 | ||||||
Nissin Kogyo Co., Ltd. | 7,534 | 119,866 | ||||||
Piolax, Inc. | 900 | 36,698 | ||||||
Press Kogyo Co., Ltd. (b) | 18,569 | 75,406 | ||||||
Riken Corp. | 21,000 | 83,177 | ||||||
Sanden Corp. | 18,000 | 80,600 | ||||||
Showa Corp. | 8,139 | 82,391 | ||||||
Sumitomo Riko Co., Ltd. | 8,600 | 75,512 | ||||||
Tachi-S Co., Ltd. | 5,300 | 74,423 | ||||||
Takata Corp. (b) | 4,600 | 50,478 | ||||||
Tokai Rika Co., Ltd. | 7,500 | 174,422 | ||||||
Topre Corp. | 5,834 | 91,408 | ||||||
Toyoda Gosei Co., Ltd. | 9,500 | 212,775 | ||||||
Toyota Boshoku Corp. (b) | 6,800 | 85,280 | ||||||
TPR Co., Ltd. | 3,500 | 94,121 | ||||||
TS Tech Co., Ltd. | 6,200 | 167,763 | ||||||
Unipres Corp. | 5,200 | 106,233 | ||||||
Yorozu Corp. | 1,000 | 21,055 | ||||||
2,923,306 | ||||||||
BANKS — 7.0% | ||||||||
Aichi Bank, Ltd. | 1,149 | 58,827 | ||||||
Akita Bank, Ltd. | 9,000 | 27,542 | ||||||
Aomori Bank, Ltd. | 24,000 | 77,448 | ||||||
Awa Bank, Ltd. | 20,000 | 113,571 | ||||||
Bank of Iwate, Ltd. | 2,956 | 128,174 | ||||||
Bank of Nagoya, Ltd. (b) | 25,000 | 83,177 | ||||||
Bank of Okinawa, Ltd. | 3,300 | 138,687 | ||||||
Bank of the Ryukyus, Ltd. | 7,781 | 111,922 | ||||||
Daishi Bank, Ltd. | 45,000 | 158,724 | ||||||
Eighteenth Bank, Ltd. | 17,000 | 51,741 | ||||||
Fukui Bank, Ltd. | 12,000 | 26,116 | ||||||
Fukushima Bank, Ltd. | 72,478 | 53,788 | ||||||
Higashi-nippon Bank, Ltd. | 15,000 | 47,280 | ||||||
Higo Bank, Ltd. | 30,000 | 184,365 | ||||||
Hokkoku Bank, Ltd. | 29,000 | 101,322 | ||||||
Hyakugo Bank, Ltd. | 42,000 | 195,072 | ||||||
Hyakujushi Bank, Ltd. | 35,000 | 115,864 | ||||||
Jimoto Holdings, Inc. | 25,700 | 48,218 | ||||||
Juroku Bank, Ltd. | 47,000 | 172,833 | ||||||
Kagoshima Bank, Ltd. | 25,000 | 170,315 | ||||||
Kansai Urban Banking Corp. | 6,400 | 66,495 | ||||||
Keiyo Bank, Ltd. | 35,000 | 203,127 | ||||||
Kiyo Bank, Ltd. | 12,600 | 175,985 | ||||||
Miyazaki Bank, Ltd. | 16,000 | 60,971 | ||||||
Musashino Bank, Ltd. | 5,700 | 191,782 | ||||||
Nagano Bank, Ltd. | 35,534 | 58,372 | ||||||
Nanto Bank, Ltd. | 35,000 | 121,701 | ||||||
North Pacific Bank, Ltd. | 43,300 | 163,921 | ||||||
Ogaki Kyoritsu Bank, Ltd. | 30,000 | 95,059 | ||||||
Oita Bank, Ltd. (b) | 12,000 | 46,729 | ||||||
San-In Godo Bank, Ltd. | 12,000 | 99,162 | ||||||
Senshu Ikeda Holdings, Inc. | 18,200 | 86,656 | ||||||
Shiga Bank, Ltd. | 20,000 | 100,063 | ||||||
Shikoku Bank, Ltd. | 42,000 | 86,504 | ||||||
Shimizu Bank, Ltd. | 2,500 | 63,269 | ||||||
Taiko Bank, Ltd. (b) | 32,000 | 61,905 | ||||||
Tochigi Bank, Ltd. | 20,846 | 107,424 | ||||||
Toho Bank, Ltd. | 21,000 | 86,504 | ||||||
Tokyo TY Financial Group, Inc. | 3,700 | 99,345 | ||||||
Tomato Bank, Ltd. | 46,872 | 78,560 | ||||||
TOMONY Holdings, Inc. | 24,705 | 112,066 | ||||||
Towa Bank, Ltd. | 47,000 | 38,799 | ||||||
Yamagata Bank, Ltd. (b) | 10,000 | 42,443 | ||||||
Yamanashi Chuo Bank, Ltd. | 16,000 | 70,177 | ||||||
4,382,005 | ||||||||
BEVERAGES — 1.2% | ||||||||
Coca-Cola East Japan Co., Ltd. (b) | 8,200 | 167,521 | ||||||
Coca-Cola West Co., Ltd. | 6,400 | 105,986 | ||||||
Ito En, Ltd. (b) | 8,100 | 175,002 | ||||||
Sapporo Holdings, Ltd. (b) | 33,000 | 130,982 | ||||||
Takara Holdings, Inc. | 23,100 | 167,580 | ||||||
747,071 | ||||||||
BIOTECHNOLOGY — 0.6% | ||||||||
3-D Matrix, Ltd. (b)(c) | 3,000 | 25,491 | ||||||
D.Western Therapeutics Institute, Inc. (c) | 1,500 | 9,744 | ||||||
GNI Group, Ltd. (b)(c) | 11,000 | 25,132 | ||||||
Japan Tissue Engineering Co., Ltd. (c) | 1,000 | 10,832 | ||||||
NanoCarrier Co., Ltd. (b)(c) | 3,000 | 29,268 | ||||||
OncoTherapy Science, Inc. (b)(c) | 17,700 | 55,495 | ||||||
PeptiDream, Inc. (b)(c) | 1,000 | 74,213 | ||||||
ReproCELL, Inc. (b)(c) | 8,600 | 49,911 | ||||||
Takara Bio, Inc. (b) | 7,300 | 83,577 | ||||||
UMN Pharma, Inc. (b)(c) | 1,000 | 24,982 | ||||||
388,645 | ||||||||
BUILDING PRODUCTS — 2.3% | ||||||||
Aica Kogyo Co., Ltd. | 8,519 | 198,901 | ||||||
Bunka Shutter Co., Ltd. | 9,577 | 79,379 | ||||||
Central Glass Co., Ltd. | 35,309 | 166,939 | ||||||
Nichias Corp. | 17,000 | 98,236 | ||||||
Nichiha Corp. | 1,100 | 12,878 | ||||||
Nippon Sheet Glass Co., Ltd. (c) | 137,000 | 134,801 | ||||||
Nitto Boseki Co., Ltd. (c) | 25,020 | 97,430 |
See accompanying notes to financial statements.
318
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Noritz Corp. | 5,565 | $ | 91,509 | |||||
Okabe Co., Ltd. | 3,300 | 30,517 | ||||||
Sankyo Tateyama, Inc. | 4,000 | 77,415 | ||||||
Sanwa Holdings Corp. | 28,310 | 210,569 | ||||||
Sekisui Jushi Corp. | 1,200 | 16,030 | ||||||
Takara Standard Co., Ltd. | 15,000 | 127,080 | ||||||
Takasago Thermal Engineering Co., Ltd. | 8,500 | 106,317 | ||||||
1,448,001 | ||||||||
CAPITAL MARKETS — 1.8% | ||||||||
Aizawa Securities Co., Ltd. | 2,600 | 17,257 | ||||||
Ichigo Group Holdings Co., Ltd. (b) | 12,900 | 33,776 | ||||||
Ichiyoshi Securities Co., Ltd. | 7,900 | 85,769 | ||||||
Jafco Co., Ltd. | 3,500 | 130,457 | ||||||
kabu.com Securities Co., Ltd (b) | 5,600 | 36,843 | ||||||
Kyokuto Securities Co., Ltd. | 5,500 | 81,222 | ||||||
Marusan Securities Co., Ltd. | 3,600 | 36,923 | ||||||
Matsui Securities Co., Ltd. (b) | 12,700 | 115,642 | ||||||
Monex Group, Inc. (b) | 33,600 | 89,936 | ||||||
Okasan Securities Group, Inc. | 22,447 | 178,752 | ||||||
Sawada Holdings Co., Ltd. (c) | 1,800 | 14,334 | ||||||
Sparx Group Co., Ltd. (b) | 7,500 | 13,633 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 28,221 | 218,379 | ||||||
Toyo Securities Co., Ltd. | 16,457 | 51,049 | ||||||
1,103,972 | ||||||||
CHEMICALS — 5.3% | ||||||||
ADEKA Corp. | 12,913 | 167,328 | ||||||
Asahi Organic Chemicals Industry Co., Ltd. | 26,540 | 57,318 | ||||||
C. Uyemura & Co., Ltd. | 976 | 48,505 | ||||||
Chugoku Marine Paints, Ltd. | 6,000 | 54,384 | ||||||
Earth Chemical Co., Ltd. | 2,500 | 86,408 | ||||||
Fujikura Kasei Co., Ltd. | 8,238 | 37,850 | ||||||
Fujimi, Inc. | 3,473 | 59,976 | ||||||
Fujimori Kogyo Co., Ltd. | 2,500 | 74,213 | ||||||
Ihara Chemical Industry Co., Ltd. (b) | 7,100 | 104,258 | ||||||
Ishihara Sangyo Kaisha, Ltd. (c) | 55,811 | 53,984 | ||||||
Japan Pure Chemical Co., Ltd. | 3,300 | 68,050 | ||||||
Kureha Corp. | 20,000 | 86,054 | ||||||
Lintec Corp. | 9,008 | 214,975 | ||||||
Nihon Nohyaku Co., Ltd. | 4,000 | 40,125 | ||||||
Nihon Parkerizing Co., Ltd. | 14,600 | 177,136 | ||||||
Nippon Soda Co., Ltd. | 24,065 | 140,066 | ||||||
Nippon Synthetic Chemical Industry Co., Ltd. | 2,000 | 13,292 | ||||||
Nippon Valqua Industries, Ltd. | 29,025 | 75,512 | ||||||
NOF Corp. | 24,731 | 183,949 | ||||||
Okamoto Industries, Inc. | 17,841 | 68,284 | ||||||
Sakata INX Corp. | 6,100 | 57,376 | ||||||
Sanyo Chemical Industries, Ltd. | 11,000 | 86,679 | ||||||
Sumitomo Bakelite Co., Ltd. | 30,000 | 133,834 | ||||||
T Hasegawa Co., Ltd. | 5,100 | 75,357 | ||||||
Taiyo Holdings Co., Ltd. | 3,500 | 123,306 | ||||||
Toagosei Co., Ltd. | 38,000 | 173,959 | ||||||
Tokai Carbon Co., Ltd. | 30,542 | 86,080 | ||||||
Tokuyama Corp. (b)(c) | 51,000 | 107,167 | ||||||
Tokyo Ohka Kogyo Co., Ltd. | 6,700 | 217,048 | ||||||
Toyo Ink SC Holdings Co., Ltd. | 31,000 | 145,532 | ||||||
Toyobo Co., Ltd. | 102,000 | 137,786 | ||||||
Zeon Corp. (b) | 19,000 | 175,860 | ||||||
3,331,651 | ||||||||
COMMERCIAL SERVICES & SUPPLIES — 2.5% | ||||||||
Aeon Delight Co., Ltd. | 3,700 | 88,640 | ||||||
Asukanet Co., Ltd. | 1,300 | 32,629 | ||||||
Daiseki Co., Ltd. | 7,593 | 137,329 | ||||||
Duskin Co., Ltd. (b) | 9,800 | 169,973 | ||||||
Itoki Corp. | 3,000 | 19,137 | ||||||
Kokuyo Co., Ltd. | 10,300 | 96,451 | ||||||
Kyodo Printing Co., Ltd. | 15,000 | 46,154 | ||||||
Mitsubishi Pencil Co., Ltd. | 1,000 | 37,148 | ||||||
Moshi Moshi Hotline, Inc. | 8,744 | 95,588 | ||||||
Nippon Parking Development Co., Ltd. | 17,100 | 24,668 | ||||||
Nissha Printing Co., Ltd. (b) | 4,800 | 87,855 | ||||||
Okamura Corp. | 11,184 | 90,088 | ||||||
Oyo Corp. | 1,100 | 14,896 | ||||||
Pilot Corp. | 2,700 | 152,420 | ||||||
Prestige International, Inc. | 1,400 | 10,261 | ||||||
Sanix, Inc. (b)(c) | 2,900 | 9,141 | ||||||
Sato Holdings Corp. | 4,100 | 93,162 | ||||||
Sohgo Security Services Co., Ltd. (b) | 7,400 | 252,683 | ||||||
Toppan Forms Co., Ltd. | 7,300 | 82,907 | ||||||
1,541,130 | ||||||||
COMMUNICATIONS EQUIPMENT — 0.5% | ||||||||
Aiphone Co., Ltd. | 3,106 | 47,836 | ||||||
Denki Kogyo Co., Ltd. | 11,303 | 53,723 | ||||||
Hitachi Kokusai Electric, Inc. | 9,634 | 129,498 | ||||||
Icom, Inc. | 3,000 | 72,245 | ||||||
Japan Radio Co., Ltd. | 3,000 | 10,131 | ||||||
313,433 | ||||||||
CONSTRUCTION & ENGINEERING — 5.5% | ||||||||
Chudenko Corp. | 4,000 | 78,115 | ||||||
Daiho Corp. (b) | 7,000 | 36,073 | ||||||
Fudo Tetra Corp. | 12,200 | 24,212 | ||||||
Hazama Ando Corp. | 22,000 | 126,029 | ||||||
Hibiya Engineering, Ltd. | 1,200 | 15,880 | ||||||
Kandenko Co., Ltd. | 15,000 | 87,179 | ||||||
Kinden Corp. | 20,924 | 262,063 | ||||||
Kumagai Gumi Co., Ltd. (c) | 53,000 | 165,729 | ||||||
Kyowa Exeo Corp. | 12,376 | 133,022 | ||||||
Kyudenko Corp. | 7,657 | 83,769 | ||||||
Maeda Corp. (b) | 16,158 | 117,488 | ||||||
Maeda Road Construction Co., Ltd. | 11,000 | 178,770 | ||||||
Mirait Holdings Corp. | 10,900 | 122,156 | ||||||
Nichireki Co., Ltd. | 2,000 | 17,511 | ||||||
Nippo Corp. | 10,000 | 165,603 | ||||||
Nippon Densetsu Kogyo Co., Ltd. | 2,500 | 37,315 | ||||||
Nippon Koei Co., Ltd. | 6,000 | 23,965 | ||||||
Nippon Road Co., Ltd. | 15,000 | 75,422 | ||||||
Nishimatsu Construction Co., Ltd. (b) | 43,000 | 152,745 | ||||||
Okumura Corp. | 29,000 | 135,902 | ||||||
Penta-Ocean Construction Co., Ltd. (b) | 38,600 | 141,300 | ||||||
Raito Kogyo Co., Ltd. | 3,700 | 30,328 | ||||||
Sanki Engineering Co., Ltd. | 11,496 | 89,150 | ||||||
SHO-BOND Holdings Co., Ltd. | 3,900 | 171,707 | ||||||
Sumitomo Mitsui Construction Co., Ltd. (b) | 126,900 | 175,655 |
See accompanying notes to financial statements.
319
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Taihei Dengyo Kaisha, Ltd. | 3,000 | $ | 21,664 | |||||
Taikisha, Ltd. | 4,900 | 122,168 | ||||||
Tekken Corp. (b)(c) | 11,000 | 37,974 | ||||||
Toa Corp. | 12,000 | 20,013 | ||||||
Tobishima Corp. (b)(c) | 27,900 | 56,300 | ||||||
Toda Corp. | 34,000 | 143,740 | ||||||
Tokyu Construction Co., Ltd. | 12,822 | 72,703 | ||||||
Toshiba Plant Systems & Services Corp. | 6,800 | 93,955 | ||||||
Totetsu Kogyo Co., Ltd. | 4,600 | 102,913 | ||||||
Toyo Construction Co., Ltd. | 4,000 | 15,676 | ||||||
Toyo Engineering Corp. (b) | 20,000 | 52,366 | ||||||
Yahagi Construction Co. Ltd. | 2,400 | 15,870 | ||||||
Yokogawa Bridge Holdings Corp. | 2,800 | 30,142 | ||||||
Yurtec Corp. | 3,000 | 20,063 | ||||||
3,452,635 | ||||||||
CONSTRUCTION MATERIALS — 0.3% | ||||||||
Sumitomo Osaka Cement Co., Ltd. | 63,000 | 193,846 | ||||||
CONSUMER FINANCE — 1.1% | ||||||||
Acom Co., Ltd. (b)(c) | 45,200 | 157,168 | ||||||
Aiful Corp. (b)(c) | 41,900 | 148,838 | ||||||
Hitachi Capital Corp. | 7,200 | 152,435 | ||||||
J Trust Co., Ltd. | 10,500 | 90,532 | ||||||
Jaccs Co., Ltd. | 18,000 | 94,409 | ||||||
Orient Corp. (c) | 49,300 | 80,163 | ||||||
723,545 | ||||||||
CONTAINERS & PACKAGING — 0.7% | ||||||||
FP Corp. (b) | 3,900 | 141,789 | ||||||
Fuji Seal International, Inc. | 3,470 | 96,642 | ||||||
Rengo Co., Ltd. | 25,000 | 106,108 | ||||||
Taisei Lamick Co., Ltd. (b) | 3,000 | 69,368 | ||||||
413,907 | ||||||||
DISTRIBUTORS — 0.4% | ||||||||
Canon Marketing Japan, Inc. | 8,200 | 164,855 | ||||||
Doshisha Co., Ltd. | 4,400 | 68,463 | ||||||
Paltac Corp. | 2,100 | 29,576 | ||||||
262,894 | ||||||||
DIVERSIFIED CONSUMER SERVICES — 0.1% | ||||||||
JP-Holdings, Inc. (b) | 3,600 | 10,596 | ||||||
Meiko Network Japan Co., Ltd. | 6,400 | 68,790 | ||||||
79,386 | ||||||||
DIVERSIFIED FINANCIAL SERVICES — 1.3% | ||||||||
Century Tokyo Leasing Corp. | 6,900 | 210,294 | ||||||
Fuyo General Lease Co., Ltd. | 2,900 | 116,798 | ||||||
IBJ Leasing Co., Ltd. | 4,000 | 82,885 | ||||||
Japan Securities Finance Co., Ltd. | 15,519 | 98,219 | ||||||
Ricoh Leasing Co., Ltd. | 2,967 | 88,200 | ||||||
Zenkoku Hosho Co., Ltd. | 6,300 | 236,660 | ||||||
833,056 | ||||||||
ELECTRIC UTILITIES — 0.2% | ||||||||
Okinawa Electric Power Co., Inc. | 3,500 | 126,808 | ||||||
ELECTRICAL EQUIPMENT — 1.6% | ||||||||
Cosel Co., Ltd. (b) | 6,100 | 68,515 | ||||||
Daihen Corp. | 17,971 | 88,562 | ||||||
Furukawa Electric Co., Ltd. (b) | 110,000 | 186,200 | ||||||
Futaba Corp. | 4,000 | 64,540 | ||||||
Nippon Carbon Co., Ltd. | 28,000 | 87,555 | ||||||
Nissin Electric Co., Ltd. | 3,000 | 18,036 | ||||||
Nitto Kogyo Corp. | 1,800 | 33,561 | ||||||
Sanyo Denki Co., Ltd. | 10,000 | 71,461 | ||||||
Sinfonia Technology Co., Ltd. (b) | 43,826 | 77,840 | ||||||
SWCC Showa Holdings Co., Ltd. (b)(c) | 61,075 | 47,363 | ||||||
Tatsuta Electric Wire and Cable Co., Ltd. | 7,000 | 29,710 | ||||||
Toyo Tanso Co., Ltd. | 2,400 | 44,568 | ||||||
Ushio, Inc. | 16,700 | 208,324 | ||||||
1,026,235 | ||||||||
ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS — 3.9% | ||||||||
Ai Holdings Corp. | 7,500 | 137,211 | ||||||
Amano Corp. | 10,732 | 128,596 | ||||||
Anritsu Corp. (b) | 23,800 | 166,506 | ||||||
Arisawa Manufacturing Co., Ltd. (c) | 2,000 | 17,177 | ||||||
Daiwabo Holdings Co., Ltd. | 23,635 | 38,037 | ||||||
Enplas Corp. | 1,100 | 44,257 | ||||||
ESPEC Corp. | 8,831 | 88,512 | ||||||
Hakuto Co., Ltd. | 6,711 | 80,303 | ||||||
Horiba, Ltd. | 5,100 | 195,410 | ||||||
Hosiden Corp. (b) | 13,795 | 76,265 | ||||||
Iriso Electronics Co., Ltd. | 1,000 | 70,211 | ||||||
Japan Aviation Electronics Industry, Ltd. | 11,000 | 267,467 | ||||||
Japan Cash Machine Co., Ltd. (b) | 2,924 | 42,376 | ||||||
Kaga Electronics Co., Ltd. | 1,200 | 14,659 | ||||||
Koa Corp. | 6,791 | 66,197 | ||||||
Maruwa Co., Ltd. (b) | 1,200 | 28,498 | ||||||
Mitsumi Electric Co., Ltd. | 15,500 | 115,418 | ||||||
Nichicon Corp. | 8,700 | 81,468 | ||||||
Nihon Dempa Kogyo Co., Ltd. | 3,595 | 31,536 | ||||||
Nippon Ceramic Co., Ltd. (b) | 4,023 | 55,686 | ||||||
Nippon Chemi-Con Corp. (c) | 17,432 | 51,457 | ||||||
Nippon Signal Co., Ltd. | 10,700 | 104,747 | ||||||
Nohmi Bosai, Ltd. | 1,500 | 18,549 | ||||||
Ryosan Co., Ltd. | 6,596 | 162,363 | ||||||
Ryoyo Electro Corp. | 7,104 | 90,810 | ||||||
Siix Corp. (b) | 1,000 | 24,991 | ||||||
SMK Corp. (b) | 5,000 | 21,722 | ||||||
Tabuchi Electric Co., Ltd. (b) | 1,500 | 17,161 | ||||||
Taiyo Yuden Co., Ltd. (b) | 14,500 | 211,832 | ||||||
Tamura Corp. (b) | 7,000 | 25,799 | ||||||
2,475,221 | ||||||||
ENERGY EQUIPMENT & SERVICES — 0.3% | ||||||||
Japan Drilling Co., Ltd. (b) | 1,100 | 36,277 | ||||||
Modec, Inc. (b) | 3,500 | 55,130 | ||||||
Shinko Plantech Co., Ltd. | 11,386 | 84,119 | ||||||
175,526 | ||||||||
FOOD & STAPLES RETAILING — 2.8% | ||||||||
Ain Pharmaciez, Inc. | 3,000 | 118,949 | ||||||
Arcs Co., Ltd. | 4,300 | 103,300 | ||||||
Axial Retailing, Inc. | 2,100 | 62,602 | ||||||
Belc Co., Ltd. | 1,600 | 46,496 | ||||||
Cawachi, Ltd. | 5,435 | 94,809 | ||||||
Cocokara fine, Inc. | 1,100 | 30,957 | ||||||
Cosmos Pharmaceutical Corp. | 1,200 | 187,817 |
See accompanying notes to financial statements.
320
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Heiwado Co., Ltd. | 3,700 | $ | 84,906 | |||||
Kato Sangyo Co., Ltd. | 5,200 | 108,098 | ||||||
Kusuri No Aoki Co., Ltd. | 700 | 52,708 | ||||||
Matsumotokiyoshi Holdings Co., Ltd. | 5,200 | 185,583 | ||||||
Ministop Co., Ltd. (b) | 5,794 | 81,747 | ||||||
S Foods, Inc. | 2,300 | 42,385 | ||||||
San-A Co., Ltd. | 2,400 | 91,257 | ||||||
UNY Group Holdings Co., Ltd. | 18,200 | 102,136 | ||||||
Valor Co., Ltd. | 5,900 | 127,864 | ||||||
Welcia Holdings Co., Ltd. | 2,300 | 86,016 | ||||||
Yaoko Co., Ltd. | 1,400 | 52,533 | ||||||
Yokohama Reito Co., Ltd. | 12,780 | 88,983 | ||||||
1,749,146 | ||||||||
FOOD PRODUCTS — 3.9% | ||||||||
Ariake Japan Co., Ltd. | 4,864 | 167,305 | ||||||
Dydo Drinco, Inc. | 1,500 | 60,350 | ||||||
Ezaki Glico Co., Ltd. | 4,000 | 162,101 | ||||||
Fuji Oil Co., Ltd. | 8,500 | 135,660 | ||||||
Fujicco Co., Ltd. | 6,657 | 107,855 | ||||||
Hokuto Corp. | 5,921 | 110,446 | ||||||
House Foods Group, Inc. | 7,300 | 153,396 | ||||||
Itoham Foods, Inc. (b) | 10,000 | 55,285 | ||||||
J-Oil Mills, Inc. | 14,000 | 48,797 | ||||||
Kagome Co., Ltd. (b) | 8,600 | 133,814 | ||||||
Kameda Seika Co., Ltd. | 1,500 | 61,101 | ||||||
Marudai Food Co., Ltd. | 25,417 | 86,472 | ||||||
Maruha Nichiro Corp. (b) | 7,100 | 100,291 | ||||||
Megmilk Snow Brand Co., Ltd. | 9,400 | 113,263 | ||||||
Mitsui Sugar Co., Ltd. | 19,497 | 68,607 | ||||||
Morinaga & Co., Ltd. | 22,000 | 77,415 | ||||||
Morinaga Milk Industry Co., Ltd. | 30,000 | 114,071 | ||||||
Nakamuraya Co., Ltd. | 20,952 | 87,704 | ||||||
Nichirei Corp. | 24,000 | 134,884 | ||||||
Nippon Flour Mills Co., Ltd. | 9,000 | 44,578 | ||||||
Nippon Suisan Kaisha, Ltd. | 33,375 | 101,579 | ||||||
Nisshin Oillio Group, Ltd. | 18,000 | 66,942 | ||||||
Prima Meat Packers, Ltd. | 10,000 | 27,934 | ||||||
Riken Vitamin Co., Ltd. (b) | 2,980 | 102,377 | ||||||
Sakata Seed Corp. | 4,500 | 73,358 | ||||||
Showa Sangyo Co., Ltd. | 11,000 | 42,377 | ||||||
2,437,962 | ||||||||
GAS UTILITIES — 0.2% | ||||||||
Saibu Gas Co., Ltd. | 13,000 | 29,268 | ||||||
Shizuoka Gas Co., Ltd. | 15,519 | 103,007 | ||||||
132,275 | ||||||||
HEALTH CARE EQUIPMENT & SUPPLIES — 1.7% | ||||||||
Asahi Intecc Co., Ltd. | 3,600 | 252,158 | ||||||
CYBERDYNE, Inc. (b)(c) | 2,900 | 75,810 | ||||||
Eiken Chemical Co., Ltd. (b) | 3,300 | 54,209 | ||||||
Fukuda Denshi Co., Ltd. | 1,286 | 72,597 | ||||||
Hogy Medical Co., Ltd. (b) | 1,600 | 78,716 | ||||||
Jeol, Ltd. | 7,000 | 36,831 | ||||||
Mani, Inc. | 600 | 43,527 | ||||||
Nagaileben Co., Ltd. | 1,800 | 32,915 | ||||||
Nakanishi, Inc. | 3,600 | 140,638 | ||||||
Nikkiso Co., Ltd. | 9,100 | 81,572 | ||||||
Nipro Corp. | 12,900 | 123,164 | ||||||
Paramount Bed Holdings Co., Ltd. | 3,000 | 79,425 | ||||||
1,071,562 | ||||||||
HEALTH CARE PROVIDERS & SERVICES — 0.8% | ||||||||
As One Corp. | 1,200 | 36,373 | ||||||
BML, Inc. | 900 | 25,591 | ||||||
Message Co., Ltd. (b) | 2,300 | 69,523 | ||||||
Nichii Gakkan Co. (b) | 6,600 | 58,226 | ||||||
Ship Healthcare Holdings, Inc. | 5,500 | 125,708 | ||||||
Toho Holdings Co., Ltd. (b) | 6,800 | 115,105 | ||||||
Tokai Corp. | 1,800 | 61,313 | ||||||
Tsukui Corp. (b) | 1,700 | 12,900 | ||||||
Vital KSK Holdings, Inc. (b) | 1,800 | 13,733 | ||||||
518,472 | ||||||||
HEALTH CARE TECHNOLOGY — 0.1% | ||||||||
FINDEX, Inc. (b) | 3,000 | 45,353 | ||||||
Medinet Co., Ltd. (b)(c) | 7,100 | 14,387 | ||||||
59,740 | ||||||||
HOTELS, RESTAURANTS & LEISURE — 3.7% | ||||||||
Accordia Golf Co., Ltd. | 12,700 | 122,102 | ||||||
Colowide Co., Ltd. (b) | 11,400 | 155,992 | ||||||
Doutor Nichires Holdings Co., Ltd. | 7,775 | 130,378 | ||||||
Fuji Kyuko Co., Ltd. (b) | 4,000 | 37,724 | ||||||
Hiday Hidaka Corp. | 1,000 | 25,266 | ||||||
HIS Co., Ltd. | 5,900 | 208,105 | ||||||
Ichibanya Co., Ltd. | 1,900 | 84,603 | ||||||
Kappa Create Holdings Co., Ltd. (c) | 5,600 | 52,720 | ||||||
Kisoji Co., Ltd. (b) | 4,900 | 84,946 | ||||||
KNT-CT Holdings Co., Ltd. (c) | 10,000 | 14,009 | ||||||
Kura Corp. | 900 | 33,358 | ||||||
Kyoritsu Maintenance Co., Ltd. (b) | 2,280 | 109,318 | ||||||
MOS Food Services, Inc. (b) | 5,914 | 125,702 | ||||||
Ohsho Food Service Corp. | 3,000 | 107,192 | ||||||
PGM Holdings K. K. (b) | 9,100 | 99,480 | ||||||
Plenus Co., Ltd. | 3,700 | 68,801 | ||||||
Round One Corp. | 9,500 | 53,946 | ||||||
Royal Holdings Co., Ltd. (b) | 6,300 | 118,146 | ||||||
Saizeriya Co., Ltd. | 5,900 | 114,236 | ||||||
St Marc Holdings Co., Ltd. | 3,200 | 109,001 | ||||||
Tokyo Dome Corp. | 28,085 | 119,436 | ||||||
Tokyotokeiba Co., Ltd. | 11,000 | 27,334 | ||||||
Toridoll.corp. | 3,800 | 52,853 | ||||||
Yoshinoya Holdings Co., Ltd. (b) | 9,700 | 105,877 | ||||||
Zensho Holdings Co., Ltd. (b)(c) | 15,846 | 153,670 | ||||||
2,314,195 | ||||||||
HOUSEHOLD DURABLES — 2.0% | ||||||||
Alpine Electronics, Inc. | 7,000 | 116,915 | ||||||
Chofu Seisakusho Co., Ltd. (b) | 3,800 | 94,109 | ||||||
Clarion Co., Ltd. (b) | 18,000 | 49,681 | ||||||
Foster Electric Co., Ltd. | 3,600 | 90,056 | ||||||
France Bed Holdings Co., Ltd. (b) | 48,734 | 72,740 | ||||||
Fujitsu General, Ltd. | 10,000 | 131,416 | ||||||
Funai Electric Co., Ltd. (b)(c) | 3,600 | 41,546 | ||||||
Janome Sewing Machine Co., Ltd. (c) | 36,000 | 40,225 | ||||||
JVC Kenwood Corp. (c) | 18,600 | 57,231 | ||||||
Misawa Homes Holdings, Inc. (b) | 5,966 | 52,086 | ||||||
PanaHome Corp. | 14,000 | 97,127 | ||||||
Pioneer Corp. (c) | 49,000 | 89,481 |
See accompanying notes to financial statements.
321
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Sangetsu Co., Ltd. | 9,200 | $ | 139,391 | |||||
Starts Corp., Inc. | 1,100 | 16,758 | ||||||
Tamron Co., Ltd. | 2,900 | 62,558 | ||||||
Token Corp. | 1,980 | 99,722 | ||||||
West Holdings Corp. | 1,100 | 9,723 | ||||||
1,260,765 | ||||||||
HOUSEHOLD PRODUCTS — 0.3% | ||||||||
Lion Corp. | 27,000 | 164,803 | ||||||
INDUSTRIAL CONGLOMERATES — 0.5% | ||||||||
Katakura Industries Co., Ltd. (b) | 4,980 | 51,035 | ||||||
Nisshinbo Holdings, Inc. | 19,000 | 182,672 | ||||||
TOKAI Holdings Corp. | 12,900 | 56,043 | ||||||
289,750 | ||||||||
INTERNET & CATALOG RETAIL — 0.5% | ||||||||
ASKUL Corp. (b) | 2,000 | 47,146 | ||||||
Senshukai Co., Ltd. (b) | 9,924 | 71,994 | ||||||
Start Today Co., Ltd. | 7,400 | 195,297 | ||||||
314,437 | ||||||||
INTERNET SOFTWARE & SERVICES — 0.8% | ||||||||
Ateam, Inc. (b) | 1,000 | 47,279 | ||||||
CROOZ, Inc. (b)(c) | 800 | 18,458 | ||||||
F@N Communications, Inc. (b) | 5,900 | 50,231 | ||||||
GMO Internet, Inc. | 9,600 | 118,314 | ||||||
Gree, Inc. (b) | 12,500 | 87,034 | ||||||
Gurunavi, Inc. | 2,900 | 56,730 | ||||||
Infomart Corp. | 3,100 | 28,460 | ||||||
Internet Initiative Japan, Inc. (b) | 3,500 | 58,107 | ||||||
SMS Co., Ltd. | 2,100 | 28,228 | ||||||
UNITED, Inc. | 1,200 | 16,010 | ||||||
508,851 | ||||||||
IT SERVICES — 2.1% | ||||||||
Digital Garage, Inc. | 4,600 | 70,654 | ||||||
DTS Corp. | 4,732 | 90,753 | ||||||
Future Architect, Inc. | 7,100 | 43,159 | ||||||
GMO Payment Gateway, Inc. | 1,700 | 40,315 | ||||||
Ines Corp. (b) | 11,660 | 88,380 | ||||||
IT Holdings Corp. | 10,937 | 199,999 | ||||||
Itochu Techno-Solutions Corp. | 7,200 | 149,794 | ||||||
NEC Networks & System Integration Corp. | 4,100 | 82,667 | ||||||
NET One Systems Co., Ltd. (b) | 13,000 | 88,889 | ||||||
Nihon Unisys, Ltd. | 5,500 | 52,283 | ||||||
NS Solutions Corp. | 3,300 | 101,951 | ||||||
SCSK Corp. | 6,300 | 176,773 | ||||||
TKC Corp. | 900 | 18,071 | ||||||
Transcosmos, Inc. (c) | 4,967 | 104,911 | ||||||
1,308,599 | ||||||||
LEISURE PRODUCTS — 0.6% | ||||||||
Fields Corp. (b) | 3,600 | 54,904 | ||||||
Heiwa Corp. | 6,300 | 123,925 | ||||||
Mizuno Corp. (b) | 8,000 | 41,759 | ||||||
Tomy Co., Ltd. (b) | 12,300 | 73,231 | ||||||
Universal Entertainment Corp. (b) | 3,600 | 58,867 | ||||||
352,686 | ||||||||
LIFE SCIENCES TOOLS & SERVICES — 0.1% | ||||||||
Chiome Bioscience, Inc. (b)(c) | 1,400 | 11,300 | ||||||
EPS Holdings, Inc. | 4,800 | 56,796 | ||||||
68,096 | ||||||||
MACHINERY — 7.5% | ||||||||
Aida Engineering, Ltd. | 3,400 | 39,125 | ||||||
Asahi Diamond Industrial Co., Ltd. | 6,442 | 73,861 | ||||||
Chugai Ro Co., Ltd. | 27,522 | 62,422 | ||||||
CKD Corp. | 9,805 | 92,061 | ||||||
Daifuku Co., Ltd. | 10,981 | 145,406 | ||||||
DMG Mori Seiki Co., Ltd. | 14,600 | 224,737 | ||||||
Fuji Machine Manufacturing Co., Ltd. | 11,242 | 128,239 | ||||||
Fujitec Co., Ltd. (b) | 11,200 | 109,642 | ||||||
Furukawa Co., Ltd. | 49,280 | 87,116 | ||||||
Harmonic Drive Systems, Inc. (b) | 2,500 | 55,243 | ||||||
Hitachi Koki Co., Ltd. | 12,300 | 100,410 | ||||||
Hitachi Zosen Corp. (b) | 22,500 | 116,323 | ||||||
Iseki & Co., Ltd. (b) | 22,000 | 42,193 | ||||||
Japan Steel Works, Ltd. (b) | 50,000 | 210,548 | ||||||
Juki Corp. | 24,450 | 80,124 | ||||||
Kato Works Co., Ltd. | 11,000 | 74,480 | ||||||
Kitz Corp. | 10,402 | 51,522 | ||||||
Komori Corp. (b) | 8,240 | 105,194 | ||||||
Kyokuto Kaihatsu Kogyo Co., Ltd. | 4,840 | 54,928 | ||||||
Makino Milling Machine Co., Ltd. (b) | 11,739 | 100,040 | ||||||
Meidensha Corp. | 25,000 | 80,884 | ||||||
Mitsubishi Kakoki Kaisha, Ltd. (b) | 11,000 | 38,249 | ||||||
Mitsubishi Nichiyu Forklift Co., Ltd. | 2,800 | 15,830 | ||||||
Mitsuboshi Belting Co., Ltd. | 9,000 | 72,420 | ||||||
Miura Co., Ltd. (b) | 15,200 | 171,614 | ||||||
Morita Holdings Corp. | 7,200 | 67,662 | ||||||
Nachi-Fujikoshi Corp. | 19,418 | 106,542 | ||||||
Namura Shipbuilding Co., Ltd. | 4,800 | 45,428 | ||||||
Nihon Trim Co., Ltd. | 500 | 12,966 | ||||||
Nippon Sharyo, Ltd. (b)(c) | 12,970 | 37,204 | ||||||
Nippon Thompson Co., Ltd. | 11,511 | 56,919 | ||||||
Nitta Corp. | 3,700 | 100,888 | ||||||
Nitto Kohki Co., Ltd. | 4,400 | 79,396 | ||||||
Obara Group, Inc. (b) | 1,200 | 68,043 | ||||||
Oiles Corp. | 3,900 | 76,228 | ||||||
OKUMA Corp. | 13,192 | 122,762 | ||||||
OSG Corp. | 11,100 | 216,585 | ||||||
Ryobi, Ltd. | 15,723 | 46,281 | ||||||
Shibuya Kogyo Co., Ltd. | 1,100 | 21,344 | ||||||
Shima Seiki Manufacturing, Ltd. | 5,400 | 92,308 | ||||||
Shinmaywa Industries, Ltd. | 15,000 | 159,475 | ||||||
Sintokogio, Ltd. | 11,319 | 87,494 | ||||||
Sodick Co., Ltd. (b) | 7,000 | 76,756 | ||||||
Star Micronics Co., Ltd. | 6,069 | 85,222 | ||||||
Tadano, Ltd. | 10,913 | 147,054 | ||||||
Takeuchi Manufacturing Co., Ltd. | 1,100 | 49,898 | ||||||
Takuma Co., Ltd. | 7,000 | 54,984 | ||||||
Teikoku Sen-I Co., Ltd. | 1,900 | 27,599 | ||||||
Tocalo Co., Ltd. | 3,800 | 71,421 | ||||||
Toshiba Machine Co., Ltd. | 20,009 | 84,424 | ||||||
Tsubakimoto Chain Co. | 15,124 | 126,238 | ||||||
Tsugami Corp. (b) | 12,000 | 76,948 | ||||||
Tsukishima Kikai Co., Ltd. (b) | 6,400 | 66,121 | ||||||
Tsurumi Manufacturing Co., Ltd. | 1,000 | 14,234 |
See accompanying notes to financial statements.
322
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Union Tool Co. | 3,032 | $ | 86,719 | |||||
YAMABIKO Corp. | 500 | 22,431 | ||||||
4,720,185 | ||||||||
MARINE — 0.1% | ||||||||
Iino Kaiun Kaisha, Ltd. | 17,506 | 92,840 | ||||||
MEDIA — 2.6% | ||||||||
Adways, Inc. (b) | 2,100 | 17,108 | ||||||
Asatsu-DK, Inc. | 3,700 | 101,042 | ||||||
Avex Group Holdings, Inc. | 5,592 | 89,388 | ||||||
Broccoli Co., Ltd. (b) | 3,000 | 15,735 | ||||||
COOKPAD, Inc. (b) | 2,100 | 96,310 | ||||||
Daiichikosho Co., Ltd. | 6,281 | 195,356 | ||||||
Kadokawa Dwango (c) | 5,800 | 91,117 | ||||||
Next Co., Ltd. (b) | 2,400 | 23,955 | ||||||
Septeni Holdings Co., Ltd. | 1,200 | 10,056 | ||||||
Shochiku Co., Ltd. | 17,243 | 162,186 | ||||||
SKY Perfect JSAT Holdings, Inc. | 25,200 | 156,758 | ||||||
Toei Co., Ltd. | 16,000 | 119,141 | ||||||
Tokyo Broadcasting System Holdings, Inc. | 10,100 | 127,676 | ||||||
TV Asahi Holdings Corp. | 8,400 | 140,438 | ||||||
Tv Tokyo Holdings Corp. | 3,000 | 55,235 | ||||||
Usen Corp. (c) | 11,680 | 35,062 | ||||||
ValueCommerce Co., Ltd. | 1,200 | 5,704 | ||||||
Wowow, Inc. | 2,600 | 83,252 | ||||||
Zenrin Co., Ltd. (b) | 6,924 | 85,623 | ||||||
1,611,142 | ||||||||
METALS & MINING — 2.8% | ||||||||
Aichi Steel Corp. | 19,000 | 90,465 | ||||||
Asahi Holdings, Inc. | 6,500 | 111,491 | ||||||
Daido Steel Co., Ltd. | 39,000 | 174,959 | ||||||
Godo Steel, Ltd. (b) | 20,440 | 30,679 | ||||||
Kyoei Steel, Ltd. | 3,000 | 50,757 | ||||||
Maruichi Steel Tube, Ltd. (b) | 8,300 | 196,971 | ||||||
Nippon Denko Co., Ltd. | 23,600 | 56,675 | ||||||
Nippon Light Metal Holdings Co., Ltd. | 69,500 | 103,156 | ||||||
Nippon Yakin Kogyo Co., Ltd. (b)(c) | 18,000 | 35,572 | ||||||
Nisshin Steel Co., Ltd. (b) | 8,400 | 105,276 | ||||||
OSAKA Titanium Technologies Co., Ltd. (b) | 3,600 | 76,428 | ||||||
Pacific Metals Co., Ltd. (b)(c) | 15,000 | 40,901 | ||||||
Sanyo Special Steel Co., Ltd. | 18,750 | 78,799 | ||||||
Toho Titanium Co., Ltd. (b)(c) | 6,600 | 48,650 | ||||||
Toho Zinc Co., Ltd. | 20,796 | 65,722 | ||||||
Tokyo Rope Manufacturing Co., Ltd. (c) | 33,654 | 53,600 | ||||||
Tokyo Steel Manufacturing Co., Ltd. (b) | 11,400 | 76,713 | ||||||
Tokyo Tekko Co., Ltd. | 4,000 | 16,043 | ||||||
Toyo Kohan Co., Ltd. | 4,000 | 18,311 | ||||||
UACJ Corp. (b) | 34,000 | 94,126 | ||||||
Yamato Kogyo Co., Ltd. | 5,700 | 138,026 | ||||||
Yodogawa Steel Works, Ltd. | 24,000 | 95,260 | ||||||
1,758,580 | ||||||||
MULTILINE RETAIL — 0.7% | ||||||||
Izumi Co., Ltd. | 6,100 | 223,807 | ||||||
Matsuya Co., Ltd. | 5,308 | 80,776 | ||||||
Parco Co., Ltd. | 9,225 | 86,077 | ||||||
Seria Co., Ltd. | 2,200 | 79,616 | ||||||
470,276 | ||||||||
OIL, GAS & CONSUMABLE FUELS — 0.8% | ||||||||
Cosmo Oil Co., Ltd. (b)(c) | 80,000 | 108,068 | ||||||
Itochu Enex Co., Ltd. | 12,004 | 99,195 | ||||||
Japan Petroleum Exploration Co., Ltd. | 4,500 | 152,908 | ||||||
Nippon Gas Co., Ltd. | 4,000 | 99,062 | ||||||
San-Ai Oil Co., Ltd. | 4,000 | 25,983 | ||||||
485,216 | ||||||||
PAPER & FOREST PRODUCTS — 0.2% | ||||||||
Daio Paper Corp. | 11,940 | 102,549 | ||||||
Hokuetsu Kishu Paper Co., Ltd. (b) | 9,100 | 40,824 | ||||||
Mitsubishi Paper Mills, Ltd. (c) | 19,000 | 13,625 | ||||||
156,998 | ||||||||
PERSONAL PRODUCTS — 1.6% | ||||||||
Aderans Co., Ltd. | 4,604 | 47,643 | ||||||
Dr Ci:Labo Co., Ltd. (b) | 3,048 | 106,620 | ||||||
Euglena Co., Ltd. (b)(c) | 7,300 | 120,282 | ||||||
Fancl Corp. | 6,900 | 88,202 | ||||||
Kose Corp. | 4,000 | 221,138 | ||||||
Mandom Corp. | 3,145 | 115,258 | ||||||
Milbon Co., Ltd. | 2,900 | 93,221 | ||||||
Pola Orbis Holdings, Inc. | 3,600 | 191,219 | ||||||
�� | 983,583 | |||||||
PHARMACEUTICALS — 2.4% | ||||||||
ASKA Pharmaceutical Co., Ltd. | 2,100 | 21,013 | ||||||
JCR Pharmaceuticals Co., Ltd. | 1,200 | 25,146 | ||||||
Kissei Pharmaceutical Co., Ltd. | 2,400 | 75,047 | ||||||
KYORIN Holdings, Inc. | 9,700 | 232,460 | ||||||
Mochida Pharmaceutical Co., Ltd. | 2,400 | 157,899 | ||||||
Nichi-iko Pharmaceutical Co., Ltd. | 5,965 | 137,679 | ||||||
Nippon Shinyaku Co., Ltd. | 7,000 | 255,368 | ||||||
Rohto Pharmaceutical Co., Ltd. | 13,700 | 195,118 | ||||||
Seikagaku Corp. (b) | 5,600 | 106,747 | ||||||
Sosei Group Corp. (b)(c) | 1,800 | 45,403 | ||||||
Torii Pharmaceutical Co., Ltd. | 2,200 | 58,795 | ||||||
Towa Pharmaceutical Co., Ltd. | 1,400 | 80,200 | ||||||
ZERIA Pharmaceutical Co., Ltd. | 5,200 | 87,198 | ||||||
1,478,073 | ||||||||
PROFESSIONAL SERVICES — 1.1% | ||||||||
en-japan, Inc. | 1,100 | 15,144 | ||||||
Meitec Corp. | 4,844 | 162,577 | ||||||
Nihon M&A Center, Inc. | 4,100 | 141,880 | ||||||
Nomura Co., Ltd. | 7,300 | 69,028 | ||||||
Pasona Group, Inc. | 7,400 | 45,847 | ||||||
Temp Holdings Co., Ltd. | 6,200 | 215,068 | ||||||
Yumeshin Holdings Co., Ltd. | 1,500 | 11,220 | ||||||
660,764 | ||||||||
REAL ESTATE MANAGEMENT & DEVELOPMENT — 1.7% | ||||||||
Daibiru Corp. | 10,026 | 103,667 | ||||||
Daikyo, Inc. | 35,352 | 53,356 | ||||||
Goldcrest Co., Ltd. (b) | 3,409 | 59,411 | ||||||
Heiwa Real Estate Co., Ltd. | 7,600 | 106,973 | ||||||
K.K. daVinci Holdings (d) | 262 | 0 | ||||||
Kabuki-Za Co., Ltd | 1,000 | 41,443 | ||||||
Kenedix, Inc. (b) | 32,700 | 133,608 |
See accompanying notes to financial statements.
323
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
NTT Urban Development Corp. | 15,400 | $ | 154,353 | |||||
Open House Co., Ltd. | 2,900 | 68,144 | ||||||
Raysum Co., Ltd. (b)(c) | 1,100 | 11,337 | ||||||
Relo Holdings, Inc. | 1,800 | 159,700 | ||||||
Sumitomo Real Estate Sales Co., Ltd. | 1,100 | 29,948 | ||||||
Sun Frontier Fudousan Co., Ltd. (b) | 1,600 | 14,756 | ||||||
Takara Leben Co., Ltd. | 14,800 | 79,476 | ||||||
TOC Co., Ltd. | 10,000 | 78,549 | ||||||
1,094,721 | ||||||||
ROAD & RAIL — 1.5% | ||||||||
Fukuyama Transporting Co., Ltd. (b) | 11,000 | 58,703 | ||||||
Hamakyorex Co., Ltd. | 2,400 | 83,852 | ||||||
Hitachi Transport System, Ltd. | 7,400 | 112,118 | ||||||
Kobe Electric Railway Co., Ltd. (c) | 24,500 | 72,729 | ||||||
Nippon Konpo Unyu Soko Co., Ltd. | 6,900 | 121,171 | ||||||
Nishi-Nippon Railroad Co., Ltd. | 28,000 | 128,647 | ||||||
Sankyu, Inc. | 35,830 | 156,257 | ||||||
Seino Holdings Co., Ltd. | 19,000 | 206,437 | ||||||
Trancom Co., Ltd. | 700 | 30,703 | ||||||
970,617 | ||||||||
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT — 1.8% | ||||||||
Lasertec Corp. | 4,900 | 62,800 | ||||||
Megachips Corp. (c) | 4,400 | 51,072 | ||||||
Micronics Japan Co., Ltd. (b) | 2,200 | 64,207 | ||||||
Renesas Electronics Corp. (c) | 3,200 | 23,828 | ||||||
Sanken Electric Co., Ltd. (b) | 17,000 | 117,940 | ||||||
SCREEN Holdings Co., Ltd. | 29,000 | 220,054 | ||||||
Shindengen Electric Manufacturing Co., Ltd. | 7,000 | 35,022 | ||||||
Shinko Electric Industries Co., Ltd. | 11,200 | 79,943 | ||||||
Sumco Corp. | 15,500 | 260,951 | ||||||
Tokyo Seimitsu Co., Ltd. | 6,600 | 151,565 | ||||||
Ulvac, Inc. (c) | 4,902 | 75,497 | ||||||
UT Holdings Co., Ltd. (c) | 2,200 | 8,622 | ||||||
1,151,501 | ||||||||
SOFTWARE — 2.0% | ||||||||
Advanced Media, Inc. (c) | 1,200 | 8,095 | ||||||
Broadleaf Co., Ltd. | 2,900 | 56,779 | ||||||
Capcom Co., Ltd. (b) | 6,800 | 135,461 | ||||||
COLOPL, Inc. (b) | 5,800 | 125,310 | ||||||
Fuji Soft, Inc. (b) | 3,574 | 72,538 | ||||||
Justsystems Corp. (b)(c) | 2,800 | 17,231 | ||||||
KLab, Inc. (b)(c) | 4,600 | 52,933 | ||||||
Koei Tecmo Holdings Co., Ltd. (b) | 8,000 | 119,008 | ||||||
Marvelous, Inc. (b) | 2,300 | 32,201 | ||||||
Nexon Co., Ltd. | 20,400 | 217,736 | ||||||
NSD Co., Ltd. (b) | 9,200 | 135,862 | ||||||
OBIC Business Consultants, Ltd. | 2,200 | 75,947 | ||||||
Square Enix Holdings Co., Ltd. | 8,300 | 178,077 | ||||||
1,227,178 | ||||||||
SPECIALTY RETAIL — 4.0% | ||||||||
Adastria Holdings Co., Ltd. (b) | 2,550 | 70,594 | ||||||
AOKI Holdings, Inc. | 6,100 | 86,369 | ||||||
Aoyama Trading Co., Ltd. | 5,500 | 179,550 | ||||||
Arcland Sakamoto Co., Ltd. | 2,700 | 57,974 | ||||||
AT-Group Co., Ltd. | 1,000 | 20,246 | ||||||
Autobacs Seven Co., Ltd. | 10,688 | 169,065 | ||||||
Bic Camera, Inc. (b) | 10,800 | 112,570 | ||||||
Chiyoda Co., Ltd. | 3,213 | 72,525 | ||||||
DCM Holdings Co., Ltd. | 14,600 | 109,569 | ||||||
EDION Corp. (b) | 11,150 | 84,049 | ||||||
Geo Holdings Corp. (b) | 9,500 | 100,525 | ||||||
Gulliver International Co., Ltd. (b) | 9,600 | 79,250 | ||||||
Hikari Tsushin, Inc. | 2,600 | 168,889 | ||||||
Jin Co., Ltd. (b) | 1,200 | 41,676 | ||||||
K’s Holdings Corp. (b) | 5,900 | 191,132 | ||||||
Kohnan Shoji Co., Ltd. (b) | 8,700 | 97,574 | ||||||
Komeri Co., Ltd. | 5,230 | 123,462 | ||||||
Nishimatsuya Chain Co., Ltd. | 8,766 | 77,408 | ||||||
Pal Co., Ltd. | 2,100 | 59,887 | ||||||
Sanrio Co., Ltd. (b) | 6,700 | 179,617 | ||||||
Shimachu Co., Ltd. (b) | 8,200 | 216,752 | ||||||
United Arrows, Ltd. (b) | 3,029 | 90,169 | ||||||
VT Holdings Co., Ltd. (b) | 4,300 | 18,860 | ||||||
Xebio Co., Ltd. | 4,561 | 79,297 | ||||||
Yellow Hat, Ltd. | 1,000 | 21,413 | ||||||
2,508,422 | ||||||||
TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS — 1.1% | ||||||||
Eizo Corp. (b) | 3,800 | 83,272 | ||||||
Hitachi Maxell, Ltd. | 6,300 | 109,163 | ||||||
Japan Digital Laboratory Co., Ltd. | 4,700 | 62,001 | ||||||
Melco Holdings, Inc. (b) | 2,200 | 41,441 | ||||||
Riso Kagaku Corp. | 6,700 | 110,619 | ||||||
Roland DG Corp. | 1,000 | 27,100 | ||||||
Toshiba TEC Corp. | 21,000 | 139,212 | ||||||
Wacom Co., Ltd. (b) | 20,900 | 100,731 | ||||||
673,539 | ||||||||
TEXTILES, APPAREL & LUXURY GOODS — 1.6% | ||||||||
Atsugi Co., Ltd. | 59,470 | 59,011 | ||||||
Descente, Ltd. | 5,000 | 62,206 | ||||||
Fujibo Holdings, Inc. | 8,000 | 19,946 | ||||||
Gunze, Ltd. | 35,348 | 94,615 | ||||||
Japan Wool Textile Co., Ltd. | 12,170 | 88,085 | ||||||
Kurabo Industries, Ltd. | 29,000 | 51,024 | ||||||
Onward Holdings Co., Ltd. (b) | 19,000 | 132,766 | ||||||
Sanyo Shokai, Ltd. | 17,516 | 45,132 | ||||||
Seiko Holdings Corp. (b) | 14,649 | 74,024 | ||||||
Seiren Co., Ltd. | 9,400 | 84,261 | ||||||
TSI Holdings Co., Ltd. | 13,500 | 91,182 | ||||||
Unitika, Ltd. (c) | 87,084 | 39,938 | ||||||
Wacoal Holdings Corp. | 11,000 | 124,011 | ||||||
Yondoshi Holdings, Inc. (b) | 3,300 | 63,124 | ||||||
1,029,325 | ||||||||
TRADING COMPANIES & DISTRIBUTORS — 2.7% | ||||||||
Hanwa Co., Ltd. | 28,032 | 114,068 | ||||||
Inaba Denki Sangyo Co., Ltd. | 3,863 | 140,121 | ||||||
Inabata & Co., Ltd. | 9,475 | 94,651 | ||||||
Iwatani Corp. (b) | 26,422 | 173,613 | ||||||
Kanamoto Co., Ltd. | 3,500 | 100,980 | ||||||
Kanematsu Corp. | 61,000 | 89,014 | ||||||
Kuroda Electric Co., Ltd. | 7,000 | 112,187 | ||||||
Mitani Corp. | 1,200 | 25,926 |
See accompanying notes to financial statements.
324
SPDR Russell/Nomura Small Cap Japan ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
MonotaRO Co., Ltd. (b) | 4,300 | $ | 156,331 | |||||
Nagase & Co., Ltd. | 10,700 | 140,347 | ||||||
Nichiden Corp. | 3,400 | 76,520 | ||||||
Nippon Steel & Sumikin Bussan Corp. | 12,000 | 41,526 | ||||||
Nishio Rent All Co., Ltd. | 2,600 | 74,905 | ||||||
Okaya & Co., Ltd. | 1,100 | 75,305 | ||||||
Trusco Nakayama Corp. | 4,400 | 138,136 | ||||||
Wakita & Co., Ltd. | 7,200 | 70,124 | ||||||
Yamazen Corp. | 12,500 | 102,877 | ||||||
1,726,631 | ||||||||
TRANSPORTATION INFRASTRUCTURE — 0.2% | ||||||||
Sumitomo Warehouse Co., Ltd. | 25,563 | 141,750 | ||||||
WIRELESS TELECOMMUNICATION SERVICES — 0.2% | ||||||||
Japan Communications, Inc. (b)(c) | 16,800 | 69,484 | ||||||
Okinawa Cellular Telephone Co. | 1,000 | 29,143 | ||||||
WirelessGate, Inc. | 1,000 | 26,725 | ||||||
125,352 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $66,092,164) | 61,829,391 | |||||||
SHORT TERM INVESTMENTS — 13.9% | ||||||||
UNITED STATES — 13.9% | ||||||||
MONEY MARKET FUNDS — 13.9% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 8,669,834 | 8,669,834 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) | 56,654 | 56,654 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $8,726,488) | 8,726,488 | |||||||
TOTAL INVESTMENTS — 112.3% | ||||||||
(Cost $74,818,652) | 70,555,879 | |||||||
OTHER ASSETS & LIABILITIES — (12.3)% | (7,745,224 | ) | ||||||
NET ASSETS — 100.0% | $ | 62,810,655 | ||||||
(a) | Amount shown represents less than 0.05% of net assets. | |||||
(b) | A portion of the security was on loan at March 31, 2015. | |||||
(c) | Non-income producing security | |||||
(d) | Security is valued at fair value as determined in good faith by the Trust’s Oversight 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. |
See accompanying notes to financial statements.
325
SPDR S&P Global Dividend ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
AUSTRALIA — 6.6% | ||||||||
APA Group | 89,856 | $ | 621,242 | |||||
Challenger, Ltd. | 80,536 | 441,137 | ||||||
Coca-Cola Amatil, Ltd. (a) | 97,972 | 806,837 | ||||||
Novion Property Group | 345,467 | 662,438 | ||||||
Sonic Healthcare, Ltd. (a) | 28,764 | 449,154 | ||||||
Woolworths, Ltd. (a) | 21,012 | 473,377 | ||||||
3,454,185 | ||||||||
BRAZIL — 1.0% | ||||||||
Natura Cosmeticos SA | 59,949 | 504,561 | ||||||
CANADA — 15.6% | ||||||||
Bank of Montreal (a) | 5,999 | 359,514 | ||||||
Bank of Nova Scotia | 7,522 | 377,377 | ||||||
Canadian Imperial Bank of Commerce (a) | 5,263 | 381,562 | ||||||
Cominar Real Estate Investment Trust | 48,134 | 729,326 | ||||||
Emera, Inc. | 14,377 | 467,692 | ||||||
Enbridge Income Fund Holdings, Inc. | 13,567 | 399,565 | ||||||
Fortis, Inc. (a) | 12,667 | 385,861 | ||||||
Great-West Lifeco, Inc. (a) | 13,683 | 395,635 | ||||||
IGM Financial, Inc. | 13,167 | 467,941 | ||||||
Labrador Iron Ore Royalty Corp. (a) | 43,006 | 458,753 | ||||||
National Bank of Canada (a) | 10,676 | 389,781 | ||||||
Power Corp. of Canada (a) | 14,525 | 384,428 | ||||||
Power Financial Corp. (a) | 13,433 | 397,634 | ||||||
RioCan REIT | 21,918 | 501,354 | ||||||
Rogers Communications, Inc. (Class B) (a) | 12,814 | 428,988 | ||||||
Royal Bank of Canada (a) | 5,837 | 351,372 | ||||||
Shaw Communications, Inc. (Class B) (a) | 17,259 | 387,288 | ||||||
TELUS Corp. | 12,999 | 431,795 | ||||||
Vermilion Energy, Inc. (a) | 12,200 | 512,949 | ||||||
8,208,815 | ||||||||
CHINA — 1.8% | ||||||||
Jiangsu Expressway Co., Ltd. (Class H) | 394,000 | 529,531 | ||||||
Sino Land Co., Ltd. | 238,887 | 389,464 | ||||||
918,995 | ||||||||
FINLAND — 2.4% | ||||||||
Fortum Oyj (a) | 32,920 | 691,565 | ||||||
Konecranes Oyj (a) | 18,251 | 576,286 | ||||||
1,267,851 | ||||||||
FRANCE — 6.6% | ||||||||
Klepierre | 9,213 | 452,092 | ||||||
Neopost SA (a) | 18,974 | 1,042,338 | ||||||
Sanofi | 4,700 | 464,044 | ||||||
Total SA (a) | 13,140 | 653,049 | ||||||
Unibail-Rodamco SE | 1,495 | 403,094 | ||||||
Vinci SA | 8,155 | 466,213 | ||||||
3,480,830 | ||||||||
GERMANY — 3.8% | ||||||||
Bilfinger SE | 13,451 | 780,249 | ||||||
Deutsche Euroshop AG | 7,671 | 381,202 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 2,121 | 457,299 | ||||||
Siemens AG | 3,655 | 395,295 | ||||||
2,014,045 | ||||||||
HONG KONG — 0.8% | ||||||||
CLP Holdings, Ltd. | 50,500 | 441,294 | ||||||
ITALY — 2.8% | ||||||||
Atlantia SpA | 18,410 | 483,433 | ||||||
Hera SpA | 229,218 | 538,150 | ||||||
Tod’s SpA | 4,667 | 423,544 | ||||||
1,445,127 | ||||||||
JAPAN — 2.8% | ||||||||
Canon, Inc. | 15,700 | 556,128 | ||||||
TonenGeneral Sekiyu K.K. | 50,000 | 432,353 | ||||||
UNY Group Holdings Co., Ltd. | 84,900 | 476,445 | ||||||
1,464,926 | ||||||||
MALAYSIA — 0.6% | ||||||||
AMMB Holdings Bhd | 197,000 | 338,307 | ||||||
NORWAY — 2.4% | ||||||||
Orkla ASA | 82,116 | 621,033 | ||||||
Statoil ASA | 36,536 | 647,385 | ||||||
1,268,418 | ||||||||
PORTUGAL — 1.2% | ||||||||
EDP — Energias de Portugal SA | 167,658 | 627,525 | ||||||
SINGAPORE — 1.0% | ||||||||
Singapore Telecommunications, Ltd. | 171,400 | 547,300 | ||||||
SOUTH AFRICA — 3.9% | ||||||||
Foschini Group, Ltd. | 34,883 | 519,866 | ||||||
MTN Group, Ltd. | 31,239 | 528,546 | ||||||
Standard Bank Group, Ltd. (a) | 29,113 | 403,671 | ||||||
Truworths International, Ltd. | 83,969 | 611,667 | ||||||
2,063,750 | ||||||||
SOUTH KOREA — 1.1% | ||||||||
KT&G Corp. | 6,872 | 549,413 | ||||||
SPAIN — 1.8% | ||||||||
Abertis Infraestructuras SA | 23,519 | 425,242 | ||||||
Enagas SA | 18,376 | 525,565 | ||||||
950,807 | ||||||||
SWEDEN — 2.2% | ||||||||
Skanska AB (Class B) | 20,482 | 459,323 | ||||||
TeliaSonera AB | 108,712 | 690,791 | ||||||
1,150,114 | ||||||||
SWITZERLAND — 3.0% | ||||||||
Baloise Holding AG | 2,732 | 361,998 | ||||||
PSP Swiss Property AG (b) | 3,578 | 337,613 | ||||||
Swiss Prime Site AG (b) | 5,440 | 473,263 | ||||||
Syngenta AG | 1,231 | 419,120 | ||||||
1,591,994 | ||||||||
TAIWAN — 1.0% | ||||||||
Simplo Technology Co., Ltd. | 105,000 | 528,524 | ||||||
THAILAND — 1.0% | ||||||||
Advanced Info Service PCL NVDR | 75,100 | 546,979 | ||||||
UNITED KINGDOM — 14.4% | ||||||||
Aberdeen Asset Management PLC | 62,757 | 428,176 |
See accompanying notes to financial statements.
326
SPDR S&P Global Dividend ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Amec Foster Wheeler PLC | 47,167 | $ | 634,026 | |||||
Amlin PLC | 71,143 | 533,868 | ||||||
BAE Systems PLC | 66,153 | 514,099 | ||||||
BHP Billiton PLC | 31,132 | 680,985 | ||||||
British American Tobacco PLC | 8,595 | 445,108 | ||||||
Carillion PLC (a) | 119,071 | 577,832 | ||||||
Centrica PLC | 176,482 | 662,829 | ||||||
GlaxoSmithKline PLC | 30,188 | 692,826 | ||||||
Sky PLC | 30,155 | 444,518 | ||||||
Tate & Lyle PLC | 54,864 | 486,638 | ||||||
United Business Media PLC | 85,478 | 671,259 | ||||||
William Morrison Supermarkets PLC | 282,549 | 811,625 | ||||||
7,583,789 | ||||||||
UNITED STATES — 21.4% | ||||||||
AT&T, Inc. (a) | 19,479 | 635,989 | ||||||
CME Group, Inc. (a) | 4,939 | 467,773 | ||||||
Consolidated Edison, Inc. (a) | 6,405 | 390,705 | ||||||
Darden Restaurants, Inc. (a) | 7,384 | 512,007 | ||||||
Entergy Corp. | 4,946 | 383,266 | ||||||
HollyFrontier Corp. (a) | 32,293 | 1,300,439 | ||||||
Mattel, Inc. (a) | 20,616 | 471,076 | ||||||
National Health Investors, Inc. (a) | 5,665 | 402,272 | ||||||
New York Community Bancorp, Inc. (a) | 39,354 | 658,392 | ||||||
Northwest Natural Gas Co. (a) | 8,545 | 409,733 | ||||||
Old Republic International Corp. (a) | 34,300 | 512,442 | ||||||
People’s United Financial, Inc. (a) | 29,902 | 454,510 | ||||||
Pepco Holdings, Inc. | 17,283 | 463,703 | ||||||
PPL Corp. | 13,464 | 453,198 | ||||||
R.R. Donnelley & Sons Co. (a) | 45,760 | 878,134 | ||||||
Southern Co. (a) | 9,700 | 429,516 | ||||||
UIL Holdings Corp. (a) | 10,074 | 518,005 | ||||||
Universal Corp. (a) | 14,189 | 669,153 | ||||||
Verizon Communications, Inc. (a) | 11,479 | 558,224 | ||||||
Williams Cos., Inc. (a) | 14,051 | 710,840 | ||||||
11,279,377 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $52,877,352) | 52,226,926 | |||||||
SHORT TERM INVESTMENTS — 16.6% | ||||||||
UNITED STATES — 16.6% | ||||||||
MONEY MARKET FUNDS — 16.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 8,361,230 | 8,361,230 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (d)(e) | 370,797 | 370,797 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $8,732,027) | 8,732,027 | |||||||
TOTAL INVESTMENTS — 115.8% | ||||||||
(Cost $61,609,379) | 60,958,953 | |||||||
OTHER ASSETS & LIABILITIES — (15.8)% | (8,299,178 | ) | ||||||
NET ASSETS — 100.0% | $ | 52,659,775 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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. |
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
327
SPDR S&P International Dividend ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.4% | ||||||||
AUSTRALIA — 14.7% | ||||||||
APA Group | 2,611,173 | $ | 18,052,993 | |||||
ASX, Ltd. | 170,077 | 5,380,415 | ||||||
Australia & New Zealand Banking Group, Ltd. | 228,455 | 6,394,714 | ||||||
Bendigo & Adelaide Bank, Ltd. (a) | 517,201 | 4,958,703 | ||||||
Commonwealth Bank of Australia | 70,499 | 5,030,311 | ||||||
Dexus Property Group | 948,651 | 5,493,393 | ||||||
DUET Group | 6,318,171 | 12,308,257 | ||||||
Federation Centres | 2,423,898 | 5,629,281 | ||||||
Fortescue Metals Group, Ltd. (a) | 17,631,137 | 26,399,846 | ||||||
Insurance Australia Group, Ltd. | 1,294,397 | 6,032,014 | ||||||
Metcash, Ltd. (a) | 12,810,818 | 15,169,580 | ||||||
Mineral Resources, Ltd. (a) | 1,303,745 | 6,722,974 | ||||||
National Australia Bank, Ltd. | 225,256 | 6,633,852 | ||||||
Novion Property Group | 6,946,710 | 13,320,419 | ||||||
Spark Infrastructure Group | 3,881,629 | 5,871,434 | ||||||
Stockland | 3,730,505 | 12,824,639 | ||||||
Tatts Group, Ltd. | 4,540,876 | 13,806,631 | ||||||
Westpac Banking Corp. | 214,199 | 6,444,039 | ||||||
WorleyParsons, Ltd. | 2,776,030 | 20,253,147 | ||||||
196,726,642 | ||||||||
BRAZIL — 0.5% | ||||||||
Companhia Energetica de Minas Gerais ADR (a) | 1,718,481 | 7,028,587 | ||||||
CANADA — 18.4% | ||||||||
Artis REIT | 692,026 | 8,185,195 | ||||||
Baytex Energy Corp. (a) | 2,651,065 | 41,927,226 | ||||||
Bonterra Energy Corp. (a) | 221,234 | 5,923,446 | ||||||
Calloway REIT | 502,520 | 11,546,255 | ||||||
Canadian Oil Sands, Ltd. (a) | 6,435,911 | 50,054,262 | ||||||
Cominar Real Estate Investment Trust | 585,090 | 8,865,280 | ||||||
Crescent Point Energy Corp. (a) | 1,677,289 | 37,399,638 | ||||||
Dream Office Real Estate Investment Trust | 454,383 | 9,453,606 | ||||||
Enerplus Corp. (a) | 2,951,617 | 29,924,013 | ||||||
Freehold Royalties, Ltd. (a) | 507,568 | 7,189,712 | ||||||
Whitecap Resources, Inc. (a) | 3,197,819 | 36,257,940 | ||||||
246,726,573 | ||||||||
CHINA — 2.2% | ||||||||
Bank of China, Ltd. (Class H) | 7,720,000 | 4,460,903 | ||||||
China CITIC Bank Corp., Ltd. (Class H) | 5,267,000 | 3,967,378 | ||||||
Country Garden Holdings Co., Ltd. | 13,269,200 | 5,356,936 | ||||||
Guangzhou R&F Properties Co., Ltd. (Class H) (a) | 4,361,200 | 4,471,987 | ||||||
Industrial & Commercial Bank of China, Ltd. (Class H) | 6,122,000 | 4,516,653 | ||||||
Xinyi Glass Holdings, Ltd. (a) | 10,454,000 | 6,458,705 | ||||||
29,232,562 | ||||||||
COLOMBIA — 1.1% | ||||||||
Ecopetrol SA ADR (a) | 961,628 | 14,635,978 | ||||||
CZECH REPUBLIC — 0.4% | ||||||||
Komercni Banka AS | 23,896 | 5,159,685 | ||||||
DENMARK — 1.7% | ||||||||
TDC A/S (a) | 3,112,353 | 22,282,228 | ||||||
FINLAND — 4.0% | ||||||||
Elisa Oyj (a) | 593,688 | 14,920,325 | ||||||
Fortum Oyj (a) | 1,351,296 | 28,387,260 | ||||||
Orion Oyj (Class B) (a) | 379,235 | 10,707,871 | ||||||
54,015,456 | ||||||||
FRANCE — 3.7% | ||||||||
Fonciere Des Regions (b) | 76,141 | 7,537,239 | ||||||
Fonciere Des Regions (a)(b)(c) | 4,992 | 481,186 | ||||||
Neopost SA (a) | 166,681 | 9,156,635 | ||||||
Total SA (a) | 645,105 | 32,061,289 | ||||||
49,236,349 | ||||||||
GERMANY — 5.5% | ||||||||
Drillisch AG (a) | 401,232 | 15,739,464 | ||||||
Freenet AG | 580,552 | 17,505,118 | ||||||
ProSiebenSat.1 Media AG | 449,862 | 22,082,445 | ||||||
Telefonica Deutschland Holding AG (c) | 3,098,449 | 17,889,893 | ||||||
73,216,920 | ||||||||
HONG KONG — 5.0% | ||||||||
Agile Property Holdings, Ltd. | 13,354,000 | 8,026,472 | ||||||
China Power International Development, Ltd. (a) | 7,175,000 | 3,757,296 | ||||||
Evergrande Real Estate Group, Ltd. (a) | 30,496,000 | 15,379,671 | ||||||
Greentown China Holdings, Ltd. (a) | 5,955,000 | 5,345,870 | ||||||
Poly Property Group Co., Ltd. (a) | 13,581,000 | 6,603,901 | ||||||
SJM Holdings, Ltd. (a) | 15,469,000 | 20,231,478 | ||||||
Yue Yuen Industrial Holdings, Ltd. | 2,203,500 | 7,787,374 | ||||||
67,132,062 | ||||||||
INDONESIA — 0.6% | ||||||||
Matahari Putra Prima Tbk PT | 24,386,100 | 7,385,771 | ||||||
ITALY — 2.5% | ||||||||
Mediolanum SpA | 932,783 | 7,528,592 | ||||||
Terna Rete Elettrica Nazionale SpA | 5,849,451 | 25,757,464 | ||||||
33,286,056 | ||||||||
MEXICO — 1.0% | ||||||||
Grupo Financiero Santander Mexico SAB de CV ADR (Class B) (a) | 1,203,525 | 13,142,493 | ||||||
NETHERLANDS — 0.4% | ||||||||
Delta Lloyd NV | 290,298 | 5,468,620 | ||||||
NEW ZEALAND — 1.1% | ||||||||
Spark New Zealand, Ltd. (a) | 6,797,173 | 15,189,658 | ||||||
NORWAY — 2.1% | ||||||||
Aker Solutions ASA (c) | 3,018,478 | 15,719,562 | ||||||
Gjensidige Forsikring ASA | 678,974 | 11,727,511 | ||||||
27,447,073 | ||||||||
PORTUGAL — 1.9% | ||||||||
EDP — Energias de Portugal SA | 6,883,618 | 25,764,617 | ||||||
RUSSIA — 1.0% | ||||||||
MegaFon OAO GDR | 856,649 | 13,706,384 | ||||||
SINGAPORE — 2.9% | ||||||||
Ascendas REIT | 7,058,000 | 13,326,689 |
See accompanying notes to financial statements.
328
SPDR S&P International Dividend ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Hutchison Port Holdings Trust (a) | 18,229,000 | $ | 12,669,155 | |||||
Keppel REIT (a) | 14,954,000 | 13,082,161 | ||||||
39,078,005 | ||||||||
SOUTH AFRICA — 2.9% | ||||||||
Growthpoint Properties, Ltd. REIT | 5,158,829 | 12,207,047 | ||||||
Kumba Iron Ore, Ltd. (a) | 658,384 | 8,476,872 | ||||||
MMI Holdings, Ltd. | 1,792,050 | 4,854,231 | ||||||
Redefine Properties, Ltd. | 6,855,132 | 7,015,672 | ||||||
Vodacom Group, Ltd. (a) | 531,514 | 5,820,827 | ||||||
38,374,649 | ||||||||
SPAIN — 1.6% | ||||||||
Enagas SA | 750,417 | 21,462,385 | ||||||
SWEDEN — 4.5% | ||||||||
NCC AB (Class B) (a) | 566,609 | 18,764,215 | ||||||
Ratos AB (Class B) | 1,165,978 | 7,990,364 | ||||||
Swedbank AB (Class A) (a) | 239,451 | 5,722,468 | ||||||
TeliaSonera AB | 4,462,771 | 28,357,889 | ||||||
60,834,936 | ||||||||
SWITZERLAND — 1.3% | ||||||||
Swiss Re AG | 111,546 | 10,806,629 | ||||||
Zurich Insurance Group AG (c) | 19,364 | 6,564,980 | ||||||
17,371,609 | ||||||||
THAILAND — 1.1% | ||||||||
Advanced Info Service PCL | 16,400 | 119,447 | ||||||
Advanced Info Service PCL NVDR | 584,800 | 4,259,299 | ||||||
Intouch Holdings PCL NVDR | 2,172,254 | 5,156,934 | ||||||
PTT Global Chemical PCL NVDR | 3,644,000 | 5,851,229 | ||||||
15,386,909 | ||||||||
TURKEY — 1.2% | ||||||||
Koza Altin Isletmeleri AS | 765,211 | 8,296,048 | ||||||
Tofas Turk Otomobil Fabrikasi AS | 580,830 | 3,523,232 | ||||||
Turk Telekomunikasyon AS | 1,419,418 | 3,771,995 | ||||||
15,591,275 | ||||||||
UNITED KINGDOM — 16.1% | ||||||||
Admiral Group PLC | 367,342 | 8,343,390 | ||||||
Amlin PLC | 789,055 | 5,921,189 | ||||||
Berkeley Group Holdings PLC | 704,547 | 27,601,321 | ||||||
Carillion PLC (a) | 1,766,509 | 8,572,575 | ||||||
Catlin Group, Ltd. | 464,827 | 4,895,807 | ||||||
Centrica PLC | 7,321,870 | 27,499,389 | ||||||
Friends Life Group, Ltd. | 1,013,797 | 6,224,609 | ||||||
J Sainsbury PLC (a) | 8,508,905 | 32,740,792 | ||||||
National Grid PLC | 1,580,334 | 20,285,927 | ||||||
Phoenix Group Holdings | 555,760 | 6,711,589 | ||||||
Royal Dutch Shell PLC (Class A) | 1,228,704 | 36,626,169 | ||||||
Vodafone Group PLC | 9,363,949 | 30,644,296 | ||||||
216,067,053 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,454,016,093) | 1,330,950,535 | |||||||
SHORT TERM INVESTMENTS — 19.7% | ||||||||
UNITED STATES — 19.7% | ||||||||
MONEY MARKET FUNDS — 19.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 256,793,287 | 256,793,287 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (e)(f) | 6,777,308 | 6,777,308 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $263,570,595) | 263,570,595 | |||||||
TOTAL INVESTMENTS — 119.1% | ||||||||
(Cost $1,717,586,688) | 1,594,521,130 | |||||||
OTHER ASSETS & LIABILITIES — (19.1)% | (256,164,005 | ) | ||||||
NET ASSETS — 100.0% | $ | 1,338,357,125 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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
GDR = Global Depositary Receipt
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
329
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.3% | ||||||||
AUSTRALIA — 6.2% | ||||||||
ALS, Ltd. (a) | 11,215 | $ | 42,496 | |||||
Alumina, Ltd. | 61,618 | 75,552 | ||||||
Ansell, Ltd. | 4,394 | 92,480 | ||||||
Aristocrat Leisure, Ltd. | 14,186 | 91,359 | ||||||
AusNet Services | 42,929 | 47,882 | ||||||
Bank of Queensland, Ltd. | 11,551 | 121,688 | ||||||
Bendigo & Adelaide Bank, Ltd. (a) | 13,202 | 126,575 | ||||||
BGP Holdings PLC (b)(c)(d) | 31,422 | 0 | ||||||
BlueScope Steel, Ltd. | 16,701 | 53,332 | ||||||
Boral, Ltd. | 22,880 | 111,517 | ||||||
carsales.com, Ltd. | 6,718 | 53,016 | ||||||
Challenger, Ltd. | 13,034 | 71,394 | ||||||
Cochlear, Ltd. (a) | 1,801 | 124,558 | ||||||
DUET Group | 37,256 | 72,577 | ||||||
DuluxGroup, Ltd. | 22,700 | 110,987 | ||||||
Echo Entertainment Group, Ltd. | 26,949 | 93,056 | ||||||
Federation Centres | 44,343 | 102,983 | ||||||
Flight Centre Travel Group, Ltd. (a) | 1,658 | 50,222 | ||||||
GrainCorp, Ltd. | 7,005 | 50,357 | ||||||
Harvey Norman Holdings, Ltd. (a) | 24,978 | 84,915 | ||||||
Healthscope, Ltd. | 32,870 | 76,840 | ||||||
Iluka Resources, Ltd. (a) | 12,261 | 79,618 | ||||||
Incitec Pivot, Ltd. | 44,975 | 139,840 | ||||||
Investa Office Fund | 23,976 | 71,434 | ||||||
IOOF Holdings, Ltd. | 14,049 | 110,440 | ||||||
Metcash, Ltd. (a) | 26,812 | 31,749 | ||||||
New Hope Corp., Ltd. | 5,214 | 9,679 | ||||||
Perpetual, Ltd. (a) | 2,788 | 117,187 | ||||||
Platinum Asset Management, Ltd. (a) | 4,122 | 24,625 | ||||||
Primary Health Care, Ltd. | 14,455 | 60,736 | ||||||
Qantas Airways, Ltd. (b) | 33,346 | 79,481 | ||||||
Reece Australia, Ltd. | 1,274 | 33,578 | ||||||
Seven Group Holdings, Ltd. | 2,756 | 15,180 | ||||||
Sims Metal Management, Ltd. (a) | 6,369 | 60,187 | ||||||
Spark Infrastructure Group (a) | 27,950 | 42,278 | ||||||
Tabcorp Holdings, Ltd. | 23,463 | 84,962 | ||||||
Tatts Group, Ltd. | 50,797 | 154,449 | ||||||
Toll Holdings, Ltd. | 21,054 | 142,506 | ||||||
TPG Telecom, Ltd. | 7,649 | 53,584 | ||||||
Treasury Wine Estates, Ltd. | 19,812 | 77,493 | ||||||
Washington H Soul Pattinson & Co., Ltd. (a) | 3,234 | 37,282 | ||||||
WorleyParsons, Ltd. | 6,223 | 45,401 | ||||||
3,125,475 | ||||||||
AUSTRIA — 0.8% | ||||||||
ams AG | 2,040 | 97,978 | ||||||
Atrium European Real Estate, Ltd. (b) | 3,755 | 17,547 | ||||||
CA Immobilien Anlagen AG (b) | 6,030 | 113,075 | ||||||
IMMOFINANZ AG (b) | 33,624 | 98,839 | ||||||
Mayr Melnhof Karton AG | 203 | 20,930 | ||||||
Oesterreichische Post AG | 859 | 42,253 | ||||||
390,622 | ||||||||
BELGIUM — 0.9% | ||||||||
Ackermans & van haaren NV | 678 | 79,480 | ||||||
Bekaert NV | 919 | 24,779 | ||||||
bpost SA | 1,882 | 52,765 | ||||||
Cofinimmo SA | 1,225 | 143,603 | ||||||
Elia System Operator SA/NV | 713 | 30,003 | ||||||
Financiere de Tubize SA | 433 | 25,828 | ||||||
S.A. D’Ieteren NV | 457 | 16,010 | ||||||
Sofina SA | 530 | 54,759 | ||||||
427,227 | ||||||||
BERMUDA — 0.3% | ||||||||
Hiscox, Ltd. | 11,614 | 146,724 | ||||||
CANADA — 8.3% | ||||||||
Aimia, Inc. | 6,653 | 67,817 | ||||||
Air Canada (b) | 8,748 | 85,580 | ||||||
Allied Properties REIT | 3,682 | 117,103 | ||||||
Amaya, Inc. (a)(b) | 3,609 | 84,633 | ||||||
Atco, Ltd. (Class I) | 3,179 | 113,254 | ||||||
Athabasca Oil Corp. (b) | 8,545 | 14,169 | ||||||
Boardwalk REIT | 719 | 33,466 | ||||||
Bonavista Energy Corp. (a) | 4,429 | 22,311 | ||||||
CAE, Inc. (a) | 6,979 | 81,445 | ||||||
Calloway REIT | 1,579 | 36,280 | ||||||
Canadian Apartment Properties REIT | 1,649 | 38,019 | ||||||
Canadian REIT | 1,010 | 37,090 | ||||||
Canadian Western Bank | 3,721 | 81,471 | ||||||
Canfor Corp. (b) | 2,237 | 44,775 | ||||||
Capital Power Corp. (a) | 4,857 | 93,995 | ||||||
CCL Industries, Inc. (Class B) | 824 | 92,712 | ||||||
Cineplex, Inc. (a) | 1,770 | 69,710 | ||||||
Cogeco Cable, Inc. (a) | 470 | 25,201 | ||||||
Cominar Real Estate Investment Trust | 1,883 | 28,531 | ||||||
DH Corp. | 4,255 | 129,985 | ||||||
Dream Office Real Estate Investment Trust | 1,144 | 23,801 | ||||||
E-L Financial Corp., Ltd. | 88 | 45,859 | ||||||
Element Financial Corp. (b) | 10,345 | 139,839 | ||||||
Emera, Inc. | 3,564 | 115,939 | ||||||
Enerplus Corp. (a) | 6,340 | 64,276 | ||||||
Ensign Energy Services, Inc. | 2,921 | 22,902 | ||||||
First Capital Realty, Inc. (a) | 2,589 | 40,332 | ||||||
Genworth MI Canada, Inc. | 710 | 15,697 | ||||||
Gibson Energy, Inc. (a) | 3,854 | 79,058 | ||||||
Home Capital Group, Inc. (a) | 1,649 | 55,414 | ||||||
HudBay Minerals, Inc. | 11,752 | 96,132 | ||||||
Hudson’s Bay Co. | 3,408 | 70,555 | ||||||
Industrial Alliance Insurance & Financial Services, Inc. | 2,787 | 93,237 | ||||||
InterOil Corp. (b) | 1,060 | 48,908 | ||||||
Jean Coutu Group PJC, Inc. (Class A) | 3,161 | 67,563 | ||||||
Kinross Gold Corp. (b) | 37,137 | 82,396 | ||||||
Linamar Corp. | 1,534 | 94,584 | ||||||
Lundin Mining Corp. (b) | 18,113 | 73,081 | ||||||
MacDonald, Dettwiler & Associates, Ltd. | 945 | 73,235 | ||||||
Mullen Group, Ltd. (a) | 2,237 | 35,485 | ||||||
New Gold, Inc. (b) | 14,317 | 48,044 | ||||||
Pan American Silver Corp. | 4,802 | 42,162 | ||||||
Pason Systems, Inc. | 3,841 | 60,534 | ||||||
Pengrowth Energy Corp. (a) | 11,741 | 35,228 | ||||||
Penn West Petroleum, Ltd. (a) | 16,221 | 26,768 | ||||||
PrairieSky Royalty, Ltd. (a) | 3,511 | 82,834 | ||||||
Precision Drilling Corp. (a) | 12,526 | 79,518 |
See accompanying notes to financial statements.
330
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Progressive Waste Solutions, Ltd. (a) | 4,813 | $ | 141,293 | |||||
Quebecor, Inc. (Class B) | 2,586 | 69,178 | ||||||
Ritchie Bros Auctioneers, Inc. (a) | 2,162 | 53,926 | ||||||
Russel Metals, Inc. (a) | 2,860 | 54,287 | ||||||
Secure Energy Services, Inc. | 5,140 | 65,584 | ||||||
Seven Generations Energy, Ltd. (Class A) (a)(b) | 5,435 | 69,305 | ||||||
ShawCor, Ltd. (Class A) | 1,400 | 38,910 | ||||||
Stantec, Inc. (a) | 2,598 | 62,176 | ||||||
Tahoe Resources, Inc. (a) | 1,905 | 20,878 | ||||||
TMX Group, Ltd. (a) | 464 | 19,938 | ||||||
TransAlta Corp. (a) | 7,516 | 69,730 | ||||||
TransForce, Inc. | 3,089 | 73,170 | ||||||
Trican Well Service, Ltd. | 8,854 | 24,119 | ||||||
Trilogy Energy Corp. (a) | 1,725 | 10,120 | ||||||
Veresen, Inc. (a) | 9,145 | 120,441 | ||||||
West Fraser Timber Co., Ltd. | 1,992 | 101,920 | ||||||
Westshore Terminals Investment Corp. | 2,327 | 57,380 | ||||||
Whitecap Resources, Inc. (a) | 9,101 | 103,190 | ||||||
4,166,473 | ||||||||
DENMARK — 1.1% | ||||||||
FLSmidth & Co. A/S (a) | 1,508 | 67,856 | ||||||
Genmab A/S (b) | 1,316 | 98,946 | ||||||
GN Store Nord A/S (a) | 5,508 | 122,893 | ||||||
H. Lundbeck A/S (a)(b) | 1,715 | 36,119 | ||||||
Royal Unibrew A/S (b) | 73 | 12,237 | ||||||
Sydbank A/S | 2,433 | 76,285 | ||||||
Topdanmark A/S (b) | 2,315 | 69,323 | ||||||
William Demant Holding A/S (b) | 702 | 59,543 | ||||||
543,202 | ||||||||
FINLAND — 1.5% | ||||||||
Amer Sports Oyj (a) | 3,081 | 66,180 | ||||||
Cargotec Oyj (a) | 1,085 | 37,522 | ||||||
Elisa Oyj (a) | 5,634 | 141,591 | ||||||
Huhtamaki Oyj | 2,204 | 68,527 | ||||||
Kemira Oyj | 1,484 | 18,393 | ||||||
Kesko Oyj (Class B) | 2,061 | 88,031 | ||||||
Neste Oil Oyj (a) | 3,851 | 100,918 | ||||||
Nokian Renkaat Oyj (a) | 3,751 | 112,196 | ||||||
Outokumpu Oyj (b) | 13,705 | 108,996 | ||||||
742,354 | ||||||||
FRANCE — 3.5% | ||||||||
Air France-KLM (a)(b) | 3,472 | 30,518 | ||||||
Arkema SA | 2,529 | 200,261 | ||||||
bioMerieux | 426 | 41,223 | ||||||
Bourbon SA | 1,175 | 20,128 | ||||||
Eramet (b) | 292 | 26,707 | ||||||
Eurazeo SA | 847 | 58,065 | ||||||
Faurecia | 1,425 | 62,289 | ||||||
Havas SA | 7,651 | 58,013 | ||||||
Ipsen SA | 1,579 | 74,626 | ||||||
Korian-Medica | 2,970 | 100,510 | ||||||
Lagardere SCA | 3,925 | 117,780 | ||||||
Mercialys SA REIT | 2,902 | 73,664 | ||||||
Metropole Television SA | 2,039 | 40,841 | ||||||
Neopost SA (a) | 1,043 | 57,297 | ||||||
Nexity | 1,019 | 42,589 | ||||||
Orpea | 1,275 | 80,312 | ||||||
Plastic Omnium SA | 1,832 | 48,373 | ||||||
Remy Cointreau SA | 1,438 | 105,792 | ||||||
Rubis SCA (a) | 1,197 | 75,991 | ||||||
Sa des Ciments Vicat | 523 | 38,302 | ||||||
Sartorius Stedim Biotech | 141 | 29,946 | ||||||
Schneider Electric SE | 575 | 44,680 | ||||||
SEB SA | 874 | 62,985 | ||||||
Societe Television Francaise 1 | 3,416 | 60,535 | ||||||
Technicolor SA (b) | 7,926 | 51,126 | ||||||
Teleperformance | 1,812 | 124,180 | ||||||
Vilmorin & Cie (a) | 177 | 14,358 | ||||||
1,741,091 | ||||||||
GERMANY — 4.2% | ||||||||
Aareal Bank AG | 1,644 | 69,381 | ||||||
Aurubis AG (a) | 794 | 45,000 | ||||||
Bilfinger SE | 1,794 | 104,064 | ||||||
Carl Zeiss Meditec AG (a) | 798 | 20,865 | ||||||
CTS Eventim AG & Co. KGaA | 1,576 | 49,594 | ||||||
Deutsche Annington Immobilien SE | — | 10 | ||||||
Deutsche Euroshop AG | 848 | 42,140 | ||||||
Dialog Semiconductor PLC (b) | 2,795 | 126,272 | ||||||
Drillisch AG | 1,852 | 72,650 | ||||||
Duerr AG | 768 | 84,545 | ||||||
ElringKlinger AG | 827 | 24,861 | ||||||
Freenet AG | 4,167 | 125,646 | ||||||
Gerresheimer AG | 1,154 | 63,655 | ||||||
Gerry Weber International AG (a) | 650 | 22,479 | ||||||
KION Group AG | 561 | 22,989 | ||||||
Krones AG | 399 | 41,537 | ||||||
KUKA AG | 826 | 63,624 | ||||||
KWS Saat AG | 64 | 18,662 | ||||||
LEG Immobilien AG (b) | 2,434 | 193,105 | ||||||
Leoni AG | 1,193 | 75,557 | ||||||
MorphoSys AG (b) | 1,160 | 73,268 | ||||||
MTU Aero Engines AG | 1,547 | 151,726 | ||||||
OSRAM Licht AG | 2,480 | 123,321 | ||||||
Puma AG Rudolf Dassler Sport | 71 | 13,169 | ||||||
Rational AG | 73 | 24,442 | ||||||
Rheinmetall AG | 2,046 | 98,894 | ||||||
RHOEN-KLINIKUM AG | 1,958 | 48,640 | ||||||
Salzgitter AG | 1,108 | 32,231 | ||||||
SGL Carbon AG (a)(b) | 1,173 | 19,124 | ||||||
Software AG | 1,653 | 43,051 | ||||||
Stada Arzneimittel AG | 2,008 | 67,059 | ||||||
Suedzucker AG (a) | 742 | 9,085 | ||||||
Wirecard AG | 3,487 | 147,405 | ||||||
2,118,051 | ||||||||
HONG KONG — 2.4% | ||||||||
ASM Pacific Technology, Ltd. (a) | 6,100 | 63,533 | ||||||
Brightoil Petroleum Holdings, Ltd. (a)(b) | 37,000 | 12,551 | ||||||
Cafe de Coral Holdings, Ltd. | 12,000 | 42,951 | ||||||
Champion REIT | 93,000 | 44,263 | ||||||
Esprit Holdings, Ltd. (a) | 65,816 | 66,809 | ||||||
First Pacific Co., Ltd. | 72,500 | 72,378 | ||||||
Genting Hong Kong, Ltd. | 53,032 | 19,092 | ||||||
Goldin Financial Holdings, Ltd. (b) | 70,000 | 221,203 | ||||||
Great Eagle Holdings, Ltd. | 4,000 | 14,085 |
See accompanying notes to financial statements.
331
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Hopewell Highway Infrastructure, Ltd. (a) | 2,075 | $ | 988 | |||||
Hopewell Holdings | 31,500 | 118,231 | ||||||
Johnson Electric Holdings, Ltd. | 10,000 | 35,212 | ||||||
Macau Legend Development, Ltd. (a)(b) | 213,595 | 73,833 | ||||||
Melco International Development, Ltd. (a) | 33,000 | 55,588 | ||||||
Orient Overseas International, Ltd. | 2,500 | 15,252 | ||||||
PCCW, Ltd. | 139,807 | 85,294 | ||||||
SA SA International Holdings, Ltd. (a) | 22,000 | 10,754 | ||||||
Shangri-La Asia, Ltd. | 66,000 | 90,746 | ||||||
Stella International Holdings, Ltd. | 17,500 | 41,758 | ||||||
Television Broadcasts, Ltd. | 9,200 | 56,780 | ||||||
Towngas China Co., Ltd. (a) | 12,000 | 10,974 | ||||||
VTech Holdings, Ltd. (a) | 3,200 | 45,649 | ||||||
1,197,924 | ||||||||
IRELAND — 1.6% | ||||||||
Dragon Oil PLC | 11,171 | 96,377 | ||||||
Glanbia PLC | 3,982 | 73,837 | ||||||
Grafton Group PLC | 10,629 | 127,887 | ||||||
ICON PLC (b) | 1,613 | 113,765 | ||||||
King Digital Entertainment PLC (a) | 956 | 15,334 | ||||||
Kingspan Group PLC | 3,251 | 61,574 | ||||||
Paddy Power PLC | 1,499 | 128,327 | ||||||
Smurfit Kappa Group PLC | 6,460 | 181,360 | ||||||
798,461 | ||||||||
ISRAEL — 0.8% | ||||||||
Azrieli Group | 715 | 29,433 | ||||||
Bezeq The Israeli Telecommunication Corp., Ltd. | 57,383 | 107,069 | ||||||
Delek Group, Ltd. | 124 | 31,992 | ||||||
Gazit-Globe, Ltd. | 2,295 | 28,394 | ||||||
Israel Corp., Ltd. | 75 | 26,140 | ||||||
Mizrahi Tefahot Bank, Ltd. (b) | 2,966 | 30,132 | ||||||
NICE Systems, Ltd. | 2,057 | 126,160 | ||||||
Osem Investments, Ltd. | 1,876 | 37,542 | ||||||
416,862 | ||||||||
ITALY — 2.8% | ||||||||
A2A SpA | 34,230 | 35,568 | ||||||
Ansaldo STS SpA | 3,537 | 35,822 | ||||||
Autogrill SpA (b) | 3,000 | 29,111 | ||||||
Azimut Holding SpA | 2,793 | 79,702 | ||||||
Banca Generali SpA | 1,484 | 46,492 | ||||||
Banca Popolare dell’Emilia Romagna SC (b) | 12,315 | 107,596 | ||||||
Banca Popolare di Milano Scarl (b) | 173,483 | 176,166 | ||||||
Buzzi Unicem SpA | 3,480 | 32,853 | ||||||
Davide Campari-Milano SpA (a) | 9,113 | 63,569 | ||||||
De’ Longhi SpA | 1,404 | 30,444 | ||||||
DiaSorin SpA | 619 | 27,211 | ||||||
FinecoBank Banca Fineco SpA (b) | 13,723 | 94,695 | ||||||
Gtech Spa (a) | 2,068 | 40,978 | ||||||
Hera SpA | 11,719 | 27,513 | ||||||
Italcementi SpA | 5,792 | 46,188 | ||||||
Mediaset SpA (b) | 23,410 | 106,955 | ||||||
Moncler SpA | 4,196 | 70,347 | ||||||
Prysmian SpA | 6,421 | 132,337 | ||||||
Recordati SpA | 3,925 | 73,349 | ||||||
Tod’s SpA (a) | 537 | 48,734 | ||||||
Unipol Gruppo Finanziario SpA | 13,803 | 73,173 | ||||||
World Duty Free SpA (a)(b) | 2,625 | 28,277 | ||||||
1,407,080 | ||||||||
JAPAN — 32.5% | ||||||||
Advance Residence Investment Corp. | 60 | 144,140 | ||||||
Advantest Corp. (a) | 6,100 | 77,264 | ||||||
Aeon Credit Service Co., Ltd. (a) | 5,200 | 131,599 | ||||||
Aiful Corp. (a)(b) | 4,800 | 17,051 | ||||||
Air Water, Inc. | 7,000 | 125,378 | ||||||
Alfresa Holdings Corp. | 8,800 | 124,378 | ||||||
Alps Electric Co., Ltd. | 7,900 | 191,234 | ||||||
Amada Co., Ltd. (a) | 11,100 | 107,089 | ||||||
Asics Corp. | 7,700 | 209,956 | ||||||
Bank of Kyoto, Ltd. | 11,000 | 115,481 | ||||||
Benesse Holdings, Inc. (a) | 3,300 | 104,015 | ||||||
Calbee, Inc. | 4,700 | 204,578 | ||||||
Canon Marketing Japan, Inc. | 3,300 | 66,344 | ||||||
Chugoku Bank, Ltd. | 6,400 | 95,793 | ||||||
Citizen Holdings Co., Ltd. (a) | 9,700 | 74,575 | ||||||
Coca-Cola East Japan Co., Ltd. (a) | 1,000 | 20,429 | ||||||
Credit Saison Co., Ltd. | 3,900 | 70,179 | ||||||
CyberAgent, Inc. | 700 | 40,217 | ||||||
Daicel Corp. | 11,200 | 133,830 | ||||||
DIC Corp. | 28,000 | 81,718 | ||||||
Disco Corp. | 900 | 92,158 | ||||||
Don Quijote Holdings Co., Ltd. | 2,000 | 163,102 | ||||||
Dowa Holdings Co., Ltd. | 12,000 | 102,864 | ||||||
Ebara Corp. (a) | 22,000 | 93,008 | ||||||
Ezaki Glico Co., Ltd. | 1,000 | 40,525 | ||||||
FamilyMart Co., Ltd. | 3,300 | 138,687 | ||||||
Frontier Real Estate Investment Corp. | 25 | 119,033 | ||||||
Fuji Electric Holdings Co., Ltd. | 33,000 | 156,023 | ||||||
Fuji Television Network, Inc. | 3,300 | 46,889 | ||||||
Fukuoka Financial Group, Inc. | 33,000 | 170,331 | ||||||
GLP J-REIT | 117 | 121,268 | ||||||
Gunma Bank, Ltd. | 17,000 | 115,105 | ||||||
Hachijuni Bank, Ltd. | 14,000 | 98,995 | ||||||
Hakuhodo DY Holdings, Inc. (a) | 6,600 | 70,389 | ||||||
Hamamatsu Photonics K.K. | 6,600 | 200,050 | ||||||
Haseko Corp. | 8,300 | 81,114 | ||||||
Hiroshima Bank, Ltd. | 33,000 | 178,311 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 4,400 | 180,880 | ||||||
Hitachi Capital Corp. | 3,300 | 69,866 | ||||||
Hitachi Construction Machinery Co., Ltd. (a) | 3,300 | 57,841 | ||||||
Hokuhoku Financial Group, Inc. | 33,000 | 73,746 | ||||||
Hokuriku Electric Power Co. | 6,300 | 83,580 | ||||||
Hoshizaki Electric Co., Ltd. | 2,300 | 150,169 | ||||||
Ibiden Co., Ltd. (b) | 3,300 | 55,777 | ||||||
Idemitsu Kosan Co., Ltd. (a) | 6,400 | 111,643 | ||||||
Iida Group Holdings Co., Ltd. | 8,500 | 106,175 | ||||||
Isetan Mitsukoshi Holdings, Ltd. | 16,100 | 266,890 | ||||||
Iyo Bank, Ltd. | 10,200 | 121,371 | ||||||
J Front Retailing Co., Ltd. | 12,700 | 200,044 | ||||||
Japan Airport Terminal Co., Ltd. (a) | 3,000 | 182,114 | ||||||
Japan Display, Inc. (a)(b) | 20,845 | 75,089 | ||||||
Japan Prime Realty Investment Corp. | 33 | 113,784 |
See accompanying notes to financial statements.
332
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Japan Retail Fund Investment Corp. | 77 | $ | 153,197 | |||||
Joyo Bank, Ltd. (a) | 33,000 | 170,056 | ||||||
JSR Corp. | 6,200 | 107,689 | ||||||
Kakaku.com, Inc. (a) | 4,000 | 66,642 | ||||||
Kamigumi Co., Ltd. | 8,000 | 75,714 | ||||||
Kaneka Corp. | 11,000 | 77,599 | ||||||
Kansai Paint Co., Ltd. | 8,000 | 145,691 | ||||||
Kawasaki Kisen Kaisha, Ltd. (a) | 28,000 | 75,414 | ||||||
Keihan Electric Railway Co., Ltd. | 16,000 | 97,661 | ||||||
Keio Corp. | 16,000 | 125,812 | ||||||
Keisei Electric Railway Co., Ltd. | 10,000 | 124,494 | ||||||
Kewpie Corp. | 3,300 | 80,460 | ||||||
Kikkoman Corp. (a) | 6,000 | 190,869 | ||||||
Koito Manufacturing Co., Ltd. | 4,900 | 147,705 | ||||||
Konami Corp. | 4,300 | 80,675 | ||||||
Kuraray Co., Ltd. | 10,200 | 138,381 | ||||||
Kurita Water Industries, Ltd. | 6,100 | 147,763 | ||||||
Mabuchi Motor Co., Ltd. | 1,600 | 84,986 | ||||||
Marui Group Co., Ltd. (a) | 14,900 | 169,593 | ||||||
Medipal Holdings Corp. | 13,100 | 170,953 | ||||||
Miraca Holdings, Inc. | 3,300 | 152,170 | ||||||
MISUMI Group, Inc. | 3,300 | 133,458 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 24,000 | 118,474 | ||||||
Mitsubishi Materials Corp. (a) | 50,000 | 168,439 | ||||||
Mitsubishi UFJ Lease & Finance Co., Ltd. | 17,200 | 85,337 | ||||||
Mitsui Chemicals, Inc. | 33,000 | 106,216 | ||||||
Mitsui OSK Lines, Ltd. | 33,000 | 112,270 | ||||||
Mixi, Inc. (a) | 1,400 | 56,735 | ||||||
Nabtesco Corp. | 3,300 | 95,760 | ||||||
Nagoya Railroad Co., Ltd. (a) | 33,000 | 132,083 | ||||||
Nankai Electric Railway Co., Ltd. | 22,000 | 90,990 | ||||||
NH Foods, Ltd. (a) | 9,000 | 207,730 | ||||||
NHK Spring Co., Ltd. | 7,100 | 74,182 | ||||||
Nihon Kohden Corp. | 2,800 | 76,464 | ||||||
Nippon Electric Glass Co., Ltd. | 12,000 | 58,737 | ||||||
Nippon Express Co., Ltd. | 33,000 | 184,916 | ||||||
Nippon Kayaku Co., Ltd. | 8,000 | 100,530 | ||||||
Nippon Prologis REIT, Inc. | 48 | 105,826 | ||||||
Nippon Shokubai Co., Ltd. | 8,000 | 117,607 | ||||||
Nippon Yusen K.K. | 37,000 | 106,750 | ||||||
Nishi-Nippon City Bank, Ltd. | 23,000 | 66,934 | ||||||
Nissan Chemical Industries, Ltd. | 5,400 | 112,075 | ||||||
Nisshin Seifun Group, Inc. | 7,700 | 90,788 | ||||||
NOK Corp. (a) | 3,300 | 99,612 | ||||||
Nomura Real Estate Holdings, Inc. | 3,300 | 59,602 | ||||||
NTN Corp. | 25,000 | 132,791 | ||||||
NTT Urban Development Corp. | 3,300 | 33,076 | ||||||
Obic Co., Ltd. | 3,300 | 140,338 | ||||||
OJI Paper Co., Ltd. (a) | 33,000 | 135,385 | ||||||
Orix JREIT, Inc. | 70 | 100,396 | ||||||
Otsuka Corp. | 800 | 34,155 | ||||||
Park24 Co., Ltd. | 3,300 | 67,610 | ||||||
Pigeon Corp. | 400 | 33,721 | ||||||
Rinnai Corp. | 1,900 | 141,163 | ||||||
Ryohin Keikaku Co., Ltd. | 1,200 | 174,709 | ||||||
Sankyo Co., Ltd. | 3,300 | 117,636 | ||||||
Sanrio Co., Ltd. (a) | 3,300 | 88,468 | ||||||
Santen Pharmaceutical Co., Ltd. | 16,500 | 240,775 | ||||||
SBI Holdings, Inc. | 6,600 | 80,130 | ||||||
Seven Bank, Ltd. | 17,100 | 84,555 | ||||||
Shikoku Electric Power Co., Inc. (b) | 6,300 | 77,749 | ||||||
Shimadzu Corp. | 10,000 | 111,820 | ||||||
Showa Shell Sekiyu K.K. | 6,000 | 54,934 | ||||||
Sohgo Security Services Co., Ltd. (a) | 600 | 20,488 | ||||||
Sojitz Corp. (a) | 38,900 | 65,198 | ||||||
Stanley Electric Co., Ltd. | 7,000 | 158,591 | ||||||
Sumco Corp. | 1,200 | 20,203 | ||||||
Sumitomo Heavy Industries, Ltd. | 33,000 | 216,560 | ||||||
Sumitomo Rubber Industries, Inc. | 4,200 | 77,679 | ||||||
Suruga Bank, Ltd. | 9,900 | 205,966 | ||||||
Suzuken Co., Ltd. | 3,630 | 110,936 | ||||||
Taiheiyo Cement Corp. | 33,000 | 100,988 | ||||||
Taiyo Nippon Sanso Corp. (a) | 11,000 | 150,336 | ||||||
Takashimaya Co., Ltd. (a) | 17,000 | 167,413 | ||||||
Teijin, Ltd. | 28,000 | 95,260 | ||||||
THK Co., Ltd. | 3,700 | 94,409 | ||||||
Toho Co., Ltd. | 8,000 | 195,989 | ||||||
Toho Gas Co., Ltd. | 14,000 | 81,834 | ||||||
Tokyo Tatemono Co., Ltd. | 17,000 | 124,745 | ||||||
Tosoh Corp. | 18,000 | 90,957 | ||||||
TOTO, Ltd. | 15,000 | 223,265 | ||||||
Toyo Seikan Group Holdings, Ltd. | 4,300 | 63,178 | ||||||
Toyo Suisan Kaisha, Ltd. | 5,000 | 176,360 | ||||||
Toyo Tire & Rubber Co., Ltd. | 900 | 16,263 | ||||||
Toyota Boshoku Corp. (a) | 3,300 | 41,386 | ||||||
Trend Micro, Inc. | 3,300 | 108,968 | ||||||
Tsuruha Holdings, Inc. | 1,000 | 76,715 | ||||||
United Urban Investment Corp. | 101 | 157,574 | ||||||
Yamada Denki Co., Ltd. (a) | 29,500 | 121,764 | ||||||
Yamaguchi Financial Group, Inc. (a) | 8,000 | 92,258 | ||||||
Yamaha Corp. | 5,300 | 92,985 | ||||||
Yaskawa Electric Corp. (a) | 7,800 | 114,537 | ||||||
Yokogawa Electric Corp. (a) | 5,700 | 61,551 | ||||||
Yokohama Rubber Co., Ltd. | 8,000 | 82,718 | ||||||
16,373,593 | ||||||||
JERSEY — 0.2% | ||||||||
Beazley PLC | 21,176 | 90,441 | ||||||
LUXEMBOURG — 0.4% | ||||||||
APERAM SA (b) | 426 | 17,089 | ||||||
B&M European Value Retail SA | 2,692 | 12,488 | ||||||
COLT Group SA (b) | 29,419 | 58,565 | ||||||
Cosmo Pharmaceuticals SA | 74 | 12,350 | ||||||
Eurofins Scientific SE | 252 | 67,865 | ||||||
L’Occitane International SA | 10,500 | 29,930 | ||||||
198,287 | ||||||||
NETHERLANDS — 1.5% | ||||||||
Aalberts Industries NV | 2,586 | 81,293 | ||||||
Arcadis NV | 3,257 | 104,661 | ||||||
ASM International NV | 2,139 | 98,898 | ||||||
Constellium NV (Class A) (b) | 2,034 | 41,331 | ||||||
Delta Lloyd NV | 5,133 | 96,695 | ||||||
Eurocommercial Properties NV | 1,788 | 81,911 | ||||||
Fugro NV | 1,456 | 39,062 | ||||||
PostNL NV (b) | 13,476 | 57,343 | ||||||
SBM Offshore NV (b) | 6,575 | 81,737 |
See accompanying notes to financial statements.
333
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
TNT Express NV | 10,195 | $ | 64,832 | |||||
747,763 | ||||||||
NEW ZEALAND — 1.0% | ||||||||
Auckland International Airport, Ltd. | 21,436 | 72,337 | ||||||
Contact Energy, Ltd. | 13,804 | 61,903 | ||||||
Fisher & Paykel Healthcare Corp., Ltd. | 27,703 | 136,696 | ||||||
Mighty River Power, Ltd. | 12,016 | 27,933 | ||||||
Ryman Healthcare, Ltd. | 11,548 | 67,893 | ||||||
Sky Network Television, Ltd. (a) | 13,083 | 57,983 | ||||||
Spark New Zealand, Ltd. | 24,502 | 54,755 | ||||||
Xero, Ltd. (b) | 1,570 | 28,374 | ||||||
507,874 | ||||||||
NORWAY — 0.6% | ||||||||
Akastor ASA (a) | 4,583 | 9,218 | ||||||
Aker ASA | 645 | 14,126 | ||||||
Det Norske Oljeselskap ASA (a)(b) | 3,311 | 18,270 | ||||||
DNO ASA (a)(b) | 15,442 | 20,215 | ||||||
Kongsberg Gruppen AS | 1,179 | 23,480 | ||||||
Leroy Seafood Group ASA | 661 | 19,274 | ||||||
Opera Software ASA (a) | 4,975 | 39,971 | ||||||
Salmar ASA | 1,741 | 25,059 | ||||||
SpareBank 1 SR Bank ASA | 3,210 | 22,405 | ||||||
Storebrand ASA (b) | 14,489 | 52,749 | ||||||
TGS Nopec Geophysical Co. ASA | 3,427 | 76,032 | ||||||
320,799 | ||||||||
PORTUGAL — 0.3% | ||||||||
NOS SGPS | 12,312 | 89,137 | ||||||
Portucel SA | 7,032 | 31,486 | ||||||
Sonae SGPS SA | 29,490 | 44,848 | ||||||
165,471 | ||||||||
SINGAPORE — 1.9% | ||||||||
Ascendas REIT | 58,800 | 111,024 | ||||||
CapitaCommercial Trust | 40,100 | 51,598 | ||||||
ComfortDelGro Corp., Ltd. | 75,700 | 159,490 | ||||||
Ezion Holdings, Ltd. (a) | 31,200 | 24,451 | ||||||
First Resources Ltd. (a) | 32,900 | 45,331 | ||||||
Kenon Holdings, Ltd. (b) | 524 | 10,146 | ||||||
Keppel REIT (a) | 14,200 | 12,423 | ||||||
M1, Ltd. | 6,200 | 17,628 | ||||||
Mapletree Logistics Trust | 43,311 | 39,311 | ||||||
Neptune Orient Lines, Ltd. (a)(b) | 41,000 | 30,039 | ||||||
SATS Ltd. | 32,900 | 73,873 | ||||||
SIA Engineering Co., Ltd. (a) | 4,500 | 13,155 | ||||||
Singapore Post, Ltd. (a) | 68,600 | 98,022 | ||||||
Suntec REIT (a) | 64,100 | 86,685 | ||||||
UOL Group, Ltd. | 33,893 | 188,775 | ||||||
961,951 | ||||||||
SOUTH KOREA — 5.3% | ||||||||
BS Financial Group, Inc. | 7,171 | 98,246 | ||||||
Celltrion, Inc. (b) | 2,990 | 188,383 | ||||||
Cheil Worldwide, Inc. (b) | 2,406 | 52,156 | ||||||
CJ CheilJedang Corp. | 164 | 55,876 | ||||||
CJ Korea Express Co., Ltd. (b) | 101 | 17,752 | ||||||
Daelim Industrial Co., Ltd. | 1,043 | 60,731 | ||||||
Daewoo Engineering & Construction Co., Ltd. (b) | 5,762 | 41,185 | ||||||
Daewoo International Corp. | 1,742 | 41,687 | ||||||
Daewoo Securities Co., Ltd. | 8,071 | 94,208 | ||||||
Daewoo Shipbuilding & Marine Engineering Co., Ltd. (a) | 3,048 | 49,726 | ||||||
DGB Financial Group, Inc. | 6,978 | 76,104 | ||||||
Dongbu Insurance Co., Ltd. | 1,814 | 80,853 | ||||||
Doosan Corp. | 699 | 73,400 | ||||||
Doosan Heavy Industries & Construction Co., Ltd. | 641 | 16,351 | ||||||
Doosan Infracore Co., Ltd. (b) | 3,453 | 37,037 | ||||||
Grand Korea Leisure Co., Ltd. | 329 | 11,224 | ||||||
GS Engineering & Construction Corp. (b) | 1,594 | 43,390 | ||||||
GS Holdings Corp. | 2,556 | 98,835 | ||||||
Hanssem Co., Ltd. | 281 | 46,730 | ||||||
Hanwha Chemical Corp. | 2,612 | 34,373 | ||||||
Hanwha Corp. | 2,808 | 92,001 | ||||||
Hyosung Corp. | 568 | 44,387 | ||||||
Hyundai Department Store Co., Ltd. | 360 | 48,348 | ||||||
Hyundai Development Co.-Engineering & Construction | 1,747 | 89,755 | ||||||
Hyundai Marine & Fire Insurance Co., Ltd. | 1,677 | 37,487 | ||||||
Hyundai Merchant Marine Co., Ltd. (b) | 3,891 | 31,705 | ||||||
Hyundai Mipo Dockyard Co., Ltd. (b) | 396 | 27,198 | ||||||
KEPCO Plant Service & Engineering Co., Ltd. | 175 | 15,395 | ||||||
Korea Aerospace Industries, Ltd. | 897 | 45,600 | ||||||
Korea Gas Corp. | 804 | 29,350 | ||||||
Korea Investment Holdings Co., Ltd. | 1,982 | 112,369 | ||||||
Kumho Petrochemical Co., Ltd. | 658 | 46,557 | ||||||
LG Innotek Co., Ltd. | 217 | 22,689 | ||||||
LG Uplus Corp. | 7,262 | 72,002 | ||||||
Lotte Chilsung Beverage Co., Ltd. | 9 | 13,977 | ||||||
Lotte Confectionery Co., Ltd. | 37 | 59,496 | ||||||
LS Corp. | 2,087 | 97,818 | ||||||
NCSoft Corp. | 395 | 64,620 | ||||||
NH Investment & Securities Co., Ltd. | 3,754 | 48,725 | ||||||
OCI Co., Ltd. | 442 | 41,234 | ||||||
Ottogi Corp. | 33 | 17,758 | ||||||
Paradise Co., Ltd. | 539 | 11,781 | ||||||
S1 Corp. | 743 | 56,188 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 2,044 | 141,677 | ||||||
Samsung Engineering Co., Ltd. (b) | 773 | 26,859 | ||||||
Samsung Securities Co., Ltd. | 2,283 | 107,004 | ||||||
Samsung Techwin Co., Ltd. (b) | 1,568 | 33,496 | ||||||
Young Poong Corp. | 25 | 27,987 | ||||||
Youngone Corp. | 212 | 10,414 | ||||||
2,692,124 | ||||||||
SPAIN — 2.2% | ||||||||
Abengoa SA (Class B) | 4,057 | 14,727 | ||||||
Acciona SA (b) | 779 | 60,054 | ||||||
Acerinox SA | 4,073 | 68,350 | ||||||
Almirall SA (b) | 1,842 | 33,869 | ||||||
Applus Services SA (b) | 2,754 | 30,968 | ||||||
Atresmedia Corp. de Medios de Comunicaion SA | 2,492 | 37,657 | ||||||
Bolsas y Mercados Espanoles SHMSF SA | 2,549 | 113,557 | ||||||
Cia de Distribucion Integral Logista Holdings SAU (b) | 1,166 | 25,165 |
See accompanying notes to financial statements.
334
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Corporacion Financiera Alba SA | 421 | $ | 20,474 | |||||
Ebro Puleva SA (a) | 3,007 | 56,064 | ||||||
Fomento de Construcciones y Contratas SA (b) | 2,410 | 29,404 | ||||||
Gamesa Corp. Tecnologica SA (b) | 9,644 | 121,858 | ||||||
Grupo Catalana Occidente SA | 1,354 | 40,572 | ||||||
Indra Sistemas SA (a) | 3,314 | 38,903 | ||||||
Inmobiliaria Colonial SA (b) | 62,840 | 42,384 | ||||||
Mediaset Espana Comunicacion SA (b) | 6,098 | 76,364 | ||||||
Melia Hotels International SA | 2,287 | 28,185 | ||||||
Obrascon Huarte Lain SA (a) | 1,259 | 26,820 | ||||||
Prosegur Cia de Seguridad SA | 6,287 | 35,787 | ||||||
Sacyr SA (b) | 19,622 | 82,378 | ||||||
Tecnicas Reunidas SA | 746 | 31,327 | ||||||
Viscofan SA | 1,514 | 92,521 | ||||||
1,107,388 | ||||||||
SWEDEN — 3.6% | ||||||||
AAK AB | 756 | 42,472 | ||||||
Axfood AB (a) | 458 | 24,190 | ||||||
BillerudKorsnas AB | 5,216 | 84,191 | ||||||
Boliden AB | 7,456 | 148,185 | ||||||
Castellum AB | 7,967 | 120,373 | ||||||
Elekta AB (Class B) (a) | 12,600 | 113,157 | ||||||
Great Portland Estates PLC | 9,829 | 118,407 | ||||||
Hexpol AB | 768 | 77,432 | ||||||
Hufvudstaden AB (a) | 3,541 | 48,574 | ||||||
Husqvarna AB (Class B) | 10,230 | 74,139 | ||||||
Intrum Justitia AB | 2,428 | 68,132 | ||||||
JM AB | 2,434 | 81,058 | ||||||
Loomis AB (Class B) | 2,367 | 72,431 | ||||||
Meda AB (Class A) | 8,938 | 141,469 | ||||||
Modern Times Group AB (Class B) | 2,276 | 69,779 | ||||||
NCC AB (Class B) | 2,409 | 79,778 | ||||||
Nibe Industrier AB (Class B) (a) | 4,331 | 107,722 | ||||||
Peab AB | 11,157 | 87,843 | ||||||
Saab AB | 1,673 | 44,715 | ||||||
Securitas AB (Class B) | 8,906 | 127,744 | ||||||
SSAB AB (b) | 947 | 4,217 | ||||||
SSAB AB, (Series A) (a)(b) | 7,766 | 38,217 | ||||||
Swedish Orphan Biovitrum AB (b) | 1,409 | 14,876 | ||||||
Wallenstam AB | 1,901 | 31,389 | ||||||
1,820,490 | ||||||||
SWITZERLAND — 3.0% | ||||||||
Allreal Holding AG (b) | 158 | 23,099 | ||||||
Banque Cantonale Vaudoise | 131 | 75,258 | ||||||
Basellandschaftliche Kantonalbank | 24 | 22,312 | ||||||
Bucher Industries AG | 191 | 46,133 | ||||||
Daetwyler Holding AG | 173 | 24,188 | ||||||
Flughafen Zuerich AG | 231 | 182,174 | ||||||
GAM Holding AG (b) | 6,109 | 127,048 | ||||||
Georg Fischer AG | 109 | 74,627 | ||||||
Helvetia Holding AG | 128 | 68,988 | ||||||
Logitech International SA | 5,728 | 75,780 | ||||||
Luzerner Kantonalbank AG | 58 | 21,288 | ||||||
OC Oerlikon Corp. AG (b) | 3,916 | 45,558 | ||||||
Panalpina Welttransport Holding AG | 538 | 78,598 | ||||||
PSP Swiss Property AG (b) | 1,108 | 104,549 | ||||||
St Galler Kantonalbank AG | 57 | 20,261 | ||||||
Straumann Holding AG | 235 | 64,357 | ||||||
Sulzer AG | 714 | 78,655 | ||||||
Sunrise Communications Group AG (b)(e) | 1,019 | 88,335 | ||||||
Swiss Prime Site AG (b) | 1,808 | 157,290 | ||||||
Temenos Group AG (b) | 3,756 | 129,544 | ||||||
Vontobel Holding AG | 559 | 23,740 | ||||||
1,531,782 | ||||||||
UNITED KINGDOM — 12.4% | ||||||||
AA PLC (b)(f) | 18,293 | 109,439 | ||||||
AA PLC (b)(f) | 1,715 | 458 | ||||||
Abengoa Yield PLC | 830 | 28,037 | ||||||
Amlin PLC | 16,573 | 124,366 | ||||||
Ashmore Group PLC (a) | 9,904 | 41,829 | ||||||
Aveva Group PLC | 1,878 | 41,261 | ||||||
Balfour Beatty PLC | 20,633 | 73,542 | ||||||
BBA Aviation PLC | 14,193 | 70,920 | ||||||
Bellway PLC | 3,489 | 102,604 | ||||||
Berendsen PLC | 4,659 | 77,255 | ||||||
Bodycote PLC | 10,113 | 107,942 | ||||||
Booker Group PLC | 43,632 | 94,372 | ||||||
Britvic PLC | 7,207 | 78,583 | ||||||
BTG PLC (b) | 12,822 | 136,095 | ||||||
Cable & Wireless Communications PLC | 142,231 | 128,691 | ||||||
Capital & Counties Properties PLC | 19,434 | 115,630 | ||||||
Carillion PLC (a) | 13,585 | 65,926 | ||||||
Catlin Group, Ltd. | 10,660 | 112,277 | ||||||
Close Brothers Group PLC | 3,099 | 71,721 | ||||||
Derwent London PLC | 2,657 | 135,054 | ||||||
Drax Group PLC | 12,036 | 65,020 | ||||||
DS Smith PLC | 26,608 | 136,353 | ||||||
Dunelm Group PLC | 2,252 | 28,082 | ||||||
Elementis PLC | 16,409 | 70,690 | ||||||
Essentra PLC | 6,353 | 93,697 | ||||||
Euromoney Institutional Investor PLC | 1,151 | 19,137 | ||||||
FirstGroup PLC (b) | 33,712 | 45,516 | ||||||
Genel Energy PLC (b) | 3,969 | 27,722 | ||||||
Greene King PLC (a) | 5,827 | 72,316 | ||||||
Halma PLC | 8,839 | 91,654 | ||||||
Hays PLC | 36,082 | 81,738 | ||||||
Henderson Group PLC | 30,723 | 128,251 | ||||||
Home Retail Group PLC | 41,188 | 100,887 | ||||||
Howden Joinery Group PLC | 18,634 | 122,709 | ||||||
Hunting PLC | 8,029 | 58,439 | ||||||
ICAP PLC | 15,966 | 124,907 | ||||||
IG Group Holdings PLC | 9,455 | 99,515 | ||||||
Informa PLC | 24,384 | 204,338 | ||||||
Intermediate Capital Group PLC | 9,845 | 73,586 | ||||||
International Personal Finance PLC | 6,394 | 45,580 | ||||||
Jardine Lloyd Thompson Group PLC | 3,934 | 61,145 | ||||||
Jazztel PLC (b) | 5,834 | 79,481 | ||||||
John Wood Group PLC | 10,606 | 99,978 | ||||||
Jupiter Fund Management PLC | 9,861 | 59,872 | ||||||
Just Eat PLC (b) | 6,006 | 38,873 | ||||||
Ladbrokes PLC | 21,253 | 32,907 | ||||||
Lonmin PLC (a)(b) | 10,730 | 18,716 | ||||||
Man Group PLC | 57,839 | 174,987 | ||||||
Markit, Ltd. (a)(b) | 1,714 | 46,107 | ||||||
Michael Page International PLC | 6,741 | 52,187 |
See accompanying notes to financial statements.
335
SPDR S&P International Mid Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Millennium & Copthorne Hotels PLC | 3,327 | $ | 28,349 | |||||
Mitchells & Butlers PLC (b) | 4,320 | 26,871 | ||||||
N Brown Group PLC | 5,094 | 24,062 | ||||||
National Express Group PLC | 8,358 | 35,200 | ||||||
Ocado Group PLC (a)(b) | 15,993 | 83,998 | ||||||
Ophir Energy PLC (b) | 14,444 | 28,904 | ||||||
Phoenix Group Holdings | 3,992 | 48,209 | ||||||
Playtech Plc | 4,965 | 57,343 | ||||||
Premier Oil PLC | 13,484 | 26,342 | ||||||
PZ Cussons PLC | 9,530 | 48,455 | ||||||
QinetiQ Group PLC | 25,336 | 71,800 | ||||||
Regus PLC | 17,235 | 55,725 | ||||||
Rentokil Initial PLC | 47,986 | 97,379 | ||||||
Restaurant Group PLC | 11,197 | 111,949 | ||||||
Rightmove PLC | 3,128 | 139,166 | ||||||
Rotork PLC | 2,537 | 93,326 | ||||||
Segro PLC | 20,439 | 126,495 | ||||||
Serco Group PLC (a) | 14,970 | 30,645 | ||||||
Shaftesbury PLC | 5,916 | 72,937 | ||||||
Spectris PLC | 3,512 | 112,613 | ||||||
Spirax-Sarco Engineering PLC | 2,229 | 112,835 | ||||||
Stagecoach Group PLC | 12,588 | 65,255 | ||||||
TalkTalk Telecom Group PLC (a) | 15,103 | 77,149 | ||||||
Telecity Group PLC | 6,294 | 81,755 | ||||||
Thomas Cook Group PLC (b) | 44,354 | 95,934 | ||||||
Ultra Electronics Holdings PLC | 2,037 | 51,618 | ||||||
United Business Media PLC | 10,306 | 80,933 | ||||||
Vesuvius PLC | 6,493 | 47,336 | ||||||
Victrex PLC | 1,920 | 53,442 | ||||||
WH Smith PLC | 6,291 | 121,314 | ||||||
WS Atkins PLC | 4,270 | 80,947 | ||||||
6,258,678 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $52,079,036) | 49,998,187 | |||||||
RIGHTS — 0.0% (g) | ||||||||
UNITED KINGDOM — 0.0% (g) | ||||||||
Serco Group PLC (expiring 4/16/15) (b) (Cost $23,427) | 14,970 | 9,111 | ||||||
SHORT TERM INVESTMENTS — 11.0% | ||||||||
UNITED STATES — 11.0% | ||||||||
MONEY MARKET FUNDS — 11.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (h)(i) | 5,508,069 | 5,508,069 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (i)(j) | 45,243 | 45,243 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $5,553,312) | 5,553,312 | |||||||
TOTAL INVESTMENTS — 110.3% | ||||||||
(Cost $57,655,775) | 55,560,610 | |||||||
OTHER ASSETS & LIABILITIES — (10.3)% | (5,196,623 | ) | ||||||
NET ASSETS — 100.0% | $ | 50,363,987 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(c) | Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs (Note 2). | |||||
(d) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees (see accompanying Notes to Schedules of Investments). | |||||
(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, 2015, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(f) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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. |
PLC = Public Limited Company
REIT = Real Estate Investment Trust
SCA = Societe en Commandite par Actions (partnership limited by shares)
See accompanying notes to financial statements.
336
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
BRAZIL — 3.1% | ||||||||
Abril Educacao SA (a) | 88,275 | $ | 337,235 | |||||
Aliansce Shopping Centers SA | 110,023 | 581,768 | ||||||
Arezzo Industria e Comercio SA | 51,322 | 394,216 | ||||||
Banco ABC Brasil SA Preference Shares | 71,255 | 256,385 | ||||||
Banco ABC Brasil SA, ADR (a) | 1,988 | 7,029 | ||||||
BR Properties SA | 295,923 | 1,210,135 | ||||||
Brasil Brokers Participacoes SA | 312,566 | 266,983 | ||||||
Brazil Pharma SA (a) | 260,705 | 55,467 | ||||||
Cia Ferro Ligas da Bahia — Ferbasa Prefernce Shares | 108,576 | 235,082 | ||||||
Cia Hering | 145,866 | 748,475 | ||||||
Direcional Engenharia SA | 69,716 | 136,112 | ||||||
Eletropaulo Metropolitana Eletricidade de Sao Paulo SA Preference Shares | 113,771 | 347,425 | ||||||
Eternit SA | 332,139 | 309,682 | ||||||
Even Construtora e Incorporadora SA | 265,623 | 367,339 | ||||||
Ez Tec Empreendimentos e Participacoes SA | 90,432 | 570,983 | ||||||
Fleury SA | 111,761 | 559,487 | ||||||
GAEC Educacao SA | 67,272 | 320,353 | ||||||
Gafisa SA | 488,866 | 328,858 | ||||||
Gol Linhas Aereas Inteligentes SA Preference Shares (a) | 109,174 | 267,120 | ||||||
Helbor Empreendimentos SA | 175,689 | 218,230 | ||||||
International Meal Co. Alimentacao SA | 89,567 | 184,957 | ||||||
Iochpe-Maxion SA | 94,788 | 298,057 | ||||||
JHSF Participacoes SA | 147,492 | 92,295 | ||||||
Kepler Weber SA | 16,980 | 147,428 | ||||||
Linx SA | 27,349 | 399,612 | ||||||
Log-in Logistica Intermodal SA (a) | 88,227 | 93,303 | ||||||
LPS Brasil Consultoria de I moveis SA | 95,304 | 153,567 | ||||||
Magazine Luiza SA | 90,817 | 146,053 | ||||||
Magnesita Refratarios SA | 310,374 | 227,238 | ||||||
Mahle-Metal Leve SA | 37,506 | 233,525 | ||||||
Marcopolo SA Preference Shares | 547,068 | 395,397 | ||||||
Marfrig Alimentos SA (a) | 235,611 | 297,822 | ||||||
Mills Estruturas e Servicos de Engenharia SA | 95,729 | 237,518 | ||||||
MRV Engenharia e Participacoes SA | 290,366 | 729,526 | ||||||
Paranapanema SA (a) | 232,097 | 214,226 | ||||||
PDG Realty SA Empreendimentos e Participacoes (a) | 979,040 | 153,162 | ||||||
Prumo Logistica SA (a) | 624,545 | 50,806 | ||||||
QGEP Participacoes SA | 92,285 | 189,993 | ||||||
Randon SA Implementos e Participacoes Preference Shares | 229,067 | 235,080 | ||||||
Restoque Comercio e Confeccoes de Roupas SA | 120,093 | 249,497 | ||||||
Saraiva SA Livreiros Editores Preference Shares | 53,204 | 95,551 | ||||||
Ser Educacional SA | 65,842 | 259,157 | ||||||
SLC Agricola SA | 89,269 | 489,065 | ||||||
Tecnisa SA | 140,089 | 170,942 | ||||||
Tegma Gestao Logistica SA | 27,635 | 126,152 | ||||||
Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA | 79,223 | 1,099,321 | ||||||
Vanguarda Agro SA (a) | 262,572 | 77,225 | ||||||
14,564,839 | ||||||||
BRITISH VIRGIN ISLANDS — 0.2% | ||||||||
Luxoft Holding, Inc. (a) | 19,682 | 1,018,347 | ||||||
CHILE — 1.8% | ||||||||
Administradora de Fondos de Pensiones Habitat SA | 450,128 | 664,347 | ||||||
Besalco SA | 563,578 | 292,384 | ||||||
E.CL SA | 210,000 | 329,711 | ||||||
Inversiones Aguas Metropolitanas SA | 614,758 | 991,166 | ||||||
Inversiones La Construccion SA | 53,219 | 623,996 | ||||||
Parque Arauco SA | 963,900 | 1,849,717 | ||||||
Ripley Corp. SA | 1,231,614 | 594,727 | ||||||
Salfacorp SA | 568,572 | 429,019 | ||||||
Sociedad Matriz SAAM SA | 8,757,970 | 702,436 | ||||||
Vina Concha y Toro SA | 825,793 | 1,704,440 | ||||||
8,181,943 | ||||||||
CHINA — 9.8% | ||||||||
21Vianet Group, Inc. ADR (a)(b) | 45,068 | 795,901 | ||||||
51job, Inc. ADR (a) | 25,917 | 836,212 | ||||||
Anhui Expressway Co., Ltd. (Class H) | 1,536,000 | 1,067,843 | ||||||
Bank of Chongqing Co., Ltd. (Class H) | 492,500 | 406,550 | ||||||
Boyaa Interactive International, Ltd. (b) | 925,200 | 773,282 | ||||||
Cheetah Mobile, Inc. ADR (a)(b) | 15,178 | 259,392 | ||||||
China Animal Healthcare, Ltd. (b) | 1,059,700 | 710,745 | ||||||
China Child Care Corp., Ltd. (b) | 706,000 | 134,770 | ||||||
China Distance Education Holdings, Ltd. ADR | 39,981 | 670,082 | ||||||
China Hongxing Sports, Ltd. (a)(b)(c) | 4,758,000 | 0 | ||||||
China Huiyuan Juice Group, Ltd. (a) | 1,772,900 | 592,259 | ||||||
China Lesso Group Holdings, Ltd. | 906,810 | 536,854 | ||||||
China Lodging Group, Ltd. ADR (a)(b) | 44,469 | 876,039 | ||||||
China SCE Property Holdings, Ltd. (a)(b) | 2,288,800 | 413,298 | ||||||
China Shanshui Cement Group, Ltd. (b) | 1,224,000 | 852,516 | ||||||
China Suntien Green Energy Corp., Ltd. (Class H) | 1,588,000 | 385,067 | ||||||
China Vanadium Titano — Magnetite Mining Co., Ltd. | 1,259,000 | 110,424 | ||||||
Chinasoft International, Ltd. (a) | 926,000 | 378,615 | ||||||
Colour Life Services Group Co., Ltd. (a)(b) | 595,000 | 620,859 | ||||||
Consun Pharmaceutical Group, Ltd. | 505,600 | 351,498 | ||||||
Coolpad Group, Ltd. | 2,552,000 | 444,367 | ||||||
Credit China Holdings, Ltd. | 2,064,000 | 428,611 | ||||||
CT Environmental Group, Ltd. (b) | 1,126,000 | 1,214,149 | ||||||
Dongyue Group | 859,000 | 310,226 | ||||||
Double Coin Holdings, Ltd. (Class B) | 688,324 | 680,064 | ||||||
E-Commerce China Dangdang, Inc. (Class A) ADR (a)(b) | 47,515 | 453,768 | ||||||
E-House China Holdings, Ltd. ADR | 57,857 | 314,164 | ||||||
First Tractor Co., Ltd. (Class H) (b) | 616,500 | 441,320 |
See accompanying notes to financial statements.
337
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Fu Shou Yuan International Group, Ltd. | 472,000 | $ | 222,818 | |||||
Hangzhou Steam Turbine Co. (Class B) | 787,050 | 891,301 | ||||||
Harbin Electric Co., Ltd. (Class H) | 1,162,000 | 722,405 | ||||||
Hi Sun Technology China, Ltd. (a) | 1,140,000 | 411,709 | ||||||
Hilong Holding, Ltd. (b) | 1,499,000 | 363,485 | ||||||
Hisense Kelon Electrical Holdings Co., Ltd. (Class H) (a) | 252,000 | 217,447 | ||||||
Homeinns Hotel Group ADR (a) | 28,014 | 663,091 | ||||||
Huangshan Tourism Development Co., Ltd. (Class B) | 391,000 | 674,475 | ||||||
JA Solar Holdings Co., Ltd. ADR (a)(b) | 62,174 | 594,383 | ||||||
Jiangsu Future Land Co., Ltd. (d) | 873,600 | 442,915 | ||||||
JinkoSolar Holding Co., Ltd. ADR (a)(b) | 22,595 | 579,336 | ||||||
Kangda International Environmental Co., Ltd. (a)(b)(e) | 1,807,200 | 794,855 | ||||||
Lonking Holdings, Ltd. | 2,288,000 | 466,273 | ||||||
MIE Holdings Corp. | 1,950,754 | 198,773 | ||||||
Noah Holdings, Ltd. ADR (a)(b) | 46,267 | 1,081,722 | ||||||
NQ Mobile, Inc. ADR (a)(b) | 58,726 | 219,048 | ||||||
Ozner Water International Holding, Ltd. (a)(b)(e) | 1,249,000 | 446,241 | ||||||
Parkson Retail Group, Ltd. (b) | 2,741,500 | 594,053 | ||||||
Peak Sport Products Co., Ltd. | 1,153,000 | 327,174 | ||||||
Perfect World Co., Ltd. ADR | 31,835 | 591,494 | ||||||
Phoenix Healthcare Group Co., Ltd. (b) | 615,500 | 1,089,205 | ||||||
Poly Culture Group Corp., Ltd. (Class H) (a) | 158,800 | 484,405 | ||||||
PW Medtech Group, Ltd. (a)(b) | 2,402,000 | 907,754 | ||||||
Qunar Cayman Islands, Ltd. ADR (a) | 21,379 | 881,884 | ||||||
Real Gold Mining, Ltd. (a)(c) | 251,500 | 0 | ||||||
Renren, Inc. ADR (a)(b) | 113,296 | 273,043 | ||||||
REXLot Holdings, Ltd. | 12,872,064 | 962,950 | ||||||
Shanda Games, Ltd. ADR (a) | 60,287 | 385,837 | ||||||
Shanghai Diesel Engine Co., Ltd. (Class B) | 378,360 | 298,148 | ||||||
Shanghai Fudan-Zhangjiang Bio-Pharmaceutical Co., Ltd. (Class H) (a) | 454,000 | 436,254 | ||||||
Shanghai Greencourt Investment Group Co., Ltd. (Class B) (a) | 1,197,900 | 531,868 | ||||||
Shanghai Haixin Group Co. (Class B) (a) | 641,700 | 448,548 | ||||||
Shanghai Jin Jiang International Hotels Group Co., Ltd. (Class H) | 1,022,000 | 329,548 | ||||||
Shenguan Holdings Group, Ltd. (b) | 1,748,010 | 534,342 | ||||||
Sinofert Holdings, Ltd. (a) | 1,518,000 | 307,396 | ||||||
Sinopec Engineering Group Co., Ltd. (Class H) | 1,145,500 | 992,869 | ||||||
SPT Energy Group, Inc. (b) | 1,248,000 | 210,869 | ||||||
Sunny Optical Technology Group Co., Ltd. | 516,000 | 938,418 | ||||||
TAL Education Group ADR (a)(b) | 49,709 | 1,651,333 | ||||||
TCL Communication Technology Holdings, Ltd. (b) | 648,000 | 653,596 | ||||||
Tian Ge Interactive Holdings, Ltd. (e) | 706,000 | 434,361 | ||||||
Tong Ren Tang Technologies Co., Ltd. (Class H) | 428,000 | 629,327 | ||||||
Trina Solar, Ltd. ADR (a)(b) | 54,389 | 657,563 | ||||||
Wisdom Holdings Group | 1,184,000 | 758,989 | ||||||
Wumart Stores, Inc. (Class H) (b) | 460,000 | 333,443 | ||||||
Xinchen China Power Holdings, Ltd. (a)(b) | 757,000 | 295,846 | ||||||
Xinhua Winshare Publishing and Media Co., Ltd. (Class H) | 495,000 | 482,675 | ||||||
Xinyi Solar Holdings, Ltd. (b) | 3,962,800 | 1,231,818 | ||||||
Yestar International Holdings Co., Ltd. | 3,090,000 | 1,179,716 | ||||||
Yingli Green Energy Holding Co., Ltd. ADR (a)(b) | 145,433 | 269,051 | ||||||
YuanShengTai Dairy Farm, Ltd. (a)(b) | 5,055,000 | 586,801 | ||||||
Zhaojin Mining Industry Co., Ltd. (Class H) (b) | 933,000 | 498,207 | ||||||
45,237,937 | ||||||||
CYPRUS — 0.2% | ||||||||
Global Ports Investments PLC, GDR | 30,116 | 149,677 | ||||||
QIWI PLC ADR | 37,320 | 896,426 | ||||||
1,046,103 | ||||||||
CZECH REPUBLIC — 0.2% | ||||||||
Philip Morris CR AS | 2,176 | 945,801 | ||||||
EGYPT — 1.5% | ||||||||
Arab Cotton Ginning | 421,331 | 182,226 | ||||||
Citadel Capital SAE (a) | 551,627 | 185,079 | ||||||
Eastern Tobacco | 27,262 | 738,392 | ||||||
Egyptian Financial Group-Hermes Holding Co. (a) | 412,962 | 858,934 | ||||||
Egyptian Kuwait Holding Co. (a) | 694,974 | 410,035 | ||||||
ElSwedy Electric Co. (a) | 133,532 | 840,913 | ||||||
Ezz Steel (a) | 482,610 | 872,867 | ||||||
Juhayna Food Industries (a) | 599,936 | 715,515 | ||||||
Maridive & Oil Services SAE (a) | 240,889 | 120,444 | ||||||
Orascom Telecom Media & Technology Holding SAE (a) | 3,859,847 | 576,697 | ||||||
Sidi Kerir Petrochemicals Co. | 155,629 | 305,749 | ||||||
Six of October Development & Investment Co. (a) | 535,765 | 971,814 | ||||||
6,778,665 | ||||||||
GREECE — 1.2% | ||||||||
Aegean Airlines SA (a) | 54,223 | 432,690 | ||||||
Aegean Marine Petroleum Network, Inc. | 22,463 | 322,793 | ||||||
Costamare, Inc. | 39,708 | 699,258 | ||||||
Diana Shipping, Inc. (a) | 133,156 | 814,915 | ||||||
DryShips, Inc. (a) | 404,733 | 307,597 | ||||||
Ellaktor SA (a) | 88,803 | 169,766 | ||||||
Grivalia Properties REIC | 16,675 | 136,108 | ||||||
Hellenic Exchanges — Athens Stock Exchange SA Holding (a) | 52,644 | 264,040 | ||||||
Metka SA | 21,153 | 197,649 | ||||||
Motor Oil Hellas Corinth Refineries SA | 18,341 | 135,918 | ||||||
Mytilineos Holdings SA (a) | 71,922 | 431,023 | ||||||
Navios Maritime Holdings, Inc. | 93,723 | 391,762 |
See accompanying notes to financial statements.
338
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
StealthGas, Inc. (a) | 43,263 | $ | 283,373 | |||||
Tsakos Energy Navigation, Ltd. | 107,136 | 876,372 | ||||||
5,463,264 | ||||||||
HONG KONG — 8.1% | ||||||||
361 Degrees International, Ltd. | 962,000 | 275,458 | ||||||
Ajisen China Holdings, Ltd. | 657,000 | 377,944 | ||||||
Anton Oilfield Services Group (b) | 1,114,000 | 191,102 | ||||||
Anxin-China Holdings, Ltd. (a) | 2,248,000 | 111,631 | ||||||
Asian Citrus Holdings, Ltd. (a)(b) | 695,833 | 56,542 | ||||||
Beijing Capital Land, Ltd. (a) | 1,180,400 | 729,276 | ||||||
Boshiwa International Holding, Ltd. (a)(b)(c) | 1,843,000 | 0 | ||||||
Carnival Group International Holdings, Ltd. (a)(b) | 2,610,000 | 457,833 | ||||||
Chaowei Power Holdings, Ltd. (b) | 558,000 | 274,212 | ||||||
China Dongxiang Group Co. | 4,284,000 | 773,579 | ||||||
China Forestry Holdings, Ltd. (a)(c) | 1,642,000 | 0 | ||||||
China High Precision Automation Group, Ltd. (a)(c) | 1,226,000 | 0 | ||||||
China High Speed Transmission Equipment Group Co., Ltd. (a) | 1,008,000 | 696,872 | ||||||
China Lilang, Ltd. | 971,000 | 748,941 | ||||||
China Lumena New Materials Corp. (a)(b)(c) | 4,287,298 | 0 | ||||||
China Metal Recycling Holdings, Ltd. (a)(b)(c) | 1,109,932 | 0 | ||||||
China National Materials Co., Ltd. (Class H) (a) | 1,268,000 | 358,171 | ||||||
China Ocean Shipbuilding Industry Group, Ltd. (a) | 9,687,200 | 209,911 | ||||||
China Oil and Gas Group, Ltd. | 4,240,000 | 519,537 | ||||||
China Overseas Grand Oceans Group, Ltd. (b) | 770,000 | 359,523 | ||||||
China Power New Energy Development Co., Ltd. (a) | 5,040,000 | 325,033 | ||||||
China Precious Metal Resources Holdings Co., Ltd. (a)(b) | 2,754,000 | 227,338 | ||||||
China Rare Earth Holdings, Ltd. (a)(b) | 1,302,000 | 208,238 | ||||||
China Shineway Pharmaceutical Group, Ltd. | 361,000 | 548,504 | ||||||
China Singyes Solar Technologies Holdings, Ltd. (b) | 454,000 | 620,711 | ||||||
China Travel International Investment Hong Kong, Ltd. | 4,624,000 | 1,502,954 | ||||||
China Yurun Food Group, Ltd. (a)(b) | 1,076,000 | 313,652 | ||||||
China ZhengTong Auto Services Holdings, Ltd. | 717,500 | 339,637 | ||||||
Citic Resources Holdings, Ltd. (a)(b) | 3,317,000 | 462,058 | ||||||
Citic Telecom International Holdings, Ltd. | 877,000 | 315,596 | ||||||
Comba Telecom Systems Holdings, Ltd. (b) | 759,082 | 227,145 | ||||||
Concord New Energy Group, Ltd. (a) | 7,980,000 | 555,807 | ||||||
Dah Chong Hong Holdings, Ltd. (b) | 657,000 | 323,710 | ||||||
Dawnrays Pharmaceutical Holdings, Ltd. | 584,000 | 421,821 | ||||||
Digital China Holdings, Ltd. | 636,000 | 693,993 | ||||||
Fufeng Group, Ltd. | 941,600 | 570,810 | ||||||
Glorious Property Holdings, Ltd. (a) | 2,277,000 | 311,312 | ||||||
Greatview Aseptic Packaging Co., Ltd. (b) | 964,048 | 499,864 | ||||||
Guangdong Land Holdings, Ltd. (a) | 1,278,000 | 382,425 | ||||||
Guotai Junan International Holdings, Ltd. (b) | 1,347,000 | 1,198,793 | ||||||
Hengdeli Holdings, Ltd. (b) | 2,068,400 | 384,171 | ||||||
Honghua Group, Ltd. (b) | 4,258,000 | 494,283 | ||||||
Hua Han Bio-Pharmaceutical Holdings, Ltd. (Class H) | 2,207,040 | 526,635 | ||||||
Imperial Pacific International Holdings, Ltd. (a)(b) | 2,057,300 | 360,881 | ||||||
Ju Teng International Holdings, Ltd. | 844,000 | 492,049 | ||||||
Kingboard Laminates Holdings, Ltd. (b) | 992,000 | 403,041 | ||||||
Kingdee International Software Group Co., Ltd. (a)(b) | 1,172,000 | 491,291 | ||||||
Li Ning Co., Ltd. (a)(b) | 2,095,749 | 1,189,377 | ||||||
Lijun International Pharmaceutical Holding Co., Ltd. | 1,924,000 | 841,264 | ||||||
Maoye International Holdings, Ltd. | 1,571,000 | 249,235 | ||||||
MMG, Ltd. | 1,020,000 | 335,481 | ||||||
NetDragon Websoft, Inc. | 247,000 | 542,231 | ||||||
Newocean Energy Holdings, Ltd. (b) | 1,106,000 | 546,363 | ||||||
NVC Lighting Holdings, Ltd. (d) | 2,578,000 | 585,225 | ||||||
Pacific Online, Ltd. | 880,100 | 370,064 | ||||||
Poly Property Group Co., Ltd. (b) | 2,001,000 | 973,007 | ||||||
Real Nutriceutical Group, Ltd. | 975,000 | 279,180 | ||||||
Shougang Concord International Enterprises Co., Ltd. (a)(b) | 9,066,000 | 409,271 | ||||||
Shougang Fushan Resources Group, Ltd. | 2,944,000 | 599,960 | ||||||
Sichuan Expressway Co., Ltd. (Class H) | 1,548,000 | 654,896 | ||||||
Sinotrans Shipping, Ltd. (a) | 2,061,500 | 478,612 | ||||||
Sinotruk Hong Kong, Ltd. | 528,500 | 315,612 | ||||||
Skyworth Digital Holdings, Ltd. | 1,633,810 | 1,285,461 | ||||||
Springland International Holdings, Ltd. | 1,285,000 | 392,807 | ||||||
Tech Pro Technology Development, Ltd. (a)(b) | 1,844,400 | 1,489,213 | ||||||
Tiangong International Co., Ltd. (b) | 1,632,000 | 265,227 | ||||||
Tianjin Development Holdings, Ltd. | 796,000 | 617,042 | ||||||
Tianjin Port Development Holdings, Ltd. | 3,880,000 | 835,749 | ||||||
Tianneng Power International, Ltd. | 900,000 | 301,817 | ||||||
TPV Technology, Ltd. | 1,236,000 | 282,175 | ||||||
United Energy Group, Ltd. (a)(b) | 4,048,000 | 563,886 | ||||||
United Laboratories International Holdings, Ltd. (a) | 920,500 | 430,981 | ||||||
V1 Group, Ltd. (a)(b) | 2,166,999 | 170,497 | ||||||
Wasion Group Holdings, Ltd. | 717,000 | 867,460 | ||||||
West China Cement, Ltd. | 2,496,000 | 376,667 | ||||||
Yingde Gases Group Co., Ltd. (b) | 1,156,500 | 862,186 | ||||||
Yip’s Chemical Holdings, Ltd. | 407,580 | 229,206 | ||||||
Yuexiu Transport Infrastructure, Ltd. (b) | 1,128,549 | 720,532 | ||||||
37,402,968 | ||||||||
See accompanying notes to financial statements.
339
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
HUNGARY — 0.1% | ||||||||
Magyar Telekom Telecommunications PLC (a) | 332,709 | $ | 490,978 | |||||
INDIA — 11.4% | ||||||||
AIA Engineering, Ltd. | 34,003 | 680,563 | ||||||
Amtek Auto, Ltd. | 180,963 | 420,012 | ||||||
Anant Raj, Ltd. | 524,501 | 334,407 | ||||||
Apollo Tyres, Ltd. | 373,710 | 1,004,721 | ||||||
Arvind, Ltd. | 189,304 | 791,625 | ||||||
Ashok Leyland, Ltd. (a) | 1,228,485 | 1,438,897 | ||||||
Bajaj Finance, Ltd. | 10,370 | 680,789 | ||||||
Balkrishna Industries, Ltd. | 40,186 | 416,782 | ||||||
Balrampur Chini Mills, Ltd. (a) | 474,524 | 375,714 | ||||||
Bata India, Ltd. | 56,612 | 986,800 | ||||||
Bhushan Steel, Ltd. | 138,270 | 144,056 | ||||||
Biocon, Ltd. | 123,804 | 928,413 | ||||||
CESC, Ltd. | 123,427 | 1,190,954 | ||||||
Coromandel International, Ltd. | 160,444 | 688,244 | ||||||
Credit Analysis & Research, Ltd. | 13,216 | 312,454 | ||||||
Dewan Housing Finance Corp., Ltd. | 143,152 | 1,069,730 | ||||||
Dish TV India, Ltd. (a) | 905,640 | 1,185,933 | ||||||
Federal Bank, Ltd. | 717,707 | 1,514,403 | ||||||
Fortis Healthcare, Ltd. (a) | 244,366 | 642,727 | ||||||
Gateway Distriparks, Ltd. | 199,999 | 1,313,166 | ||||||
GMR Infrastructure, Ltd. | 1,079,942 | 286,460 | ||||||
Godrej Industries, Ltd. | 196,660 | 1,086,825 | ||||||
Gujarat Pipavav Port, Ltd. (a) | 231,492 | 895,358 | ||||||
Havells India, Ltd. | 335,950 | 1,638,650 | ||||||
Hexaware Technologies, Ltd. | 233,674 | 1,167,040 | ||||||
Housing Development & Infrastructure, Ltd. (a) | 384,363 | 624,931 | ||||||
IFCI, Ltd. | 1,035,232 | 551,683 | ||||||
IIFL Holdings, Ltd. | 427,655 | 1,218,089 | ||||||
India Cements, Ltd. (a) | 435,624 | 599,685 | ||||||
Indiabulls Real Estate, Ltd. | 489,476 | 511,523 | ||||||
Indian Hotels Co., Ltd. (a) | 704,003 | 1,315,058 | ||||||
Info Edge India, Ltd. | 91,161 | 1,223,467 | ||||||
Ipca Laboratories, Ltd. | 70,462 | 715,921 | ||||||
IRB Infrastructure Developers, Ltd. | 224,700 | 876,808 | ||||||
Jain Irrigation Systems, Ltd. | 293,656 | 289,052 | ||||||
Jammu & Kashmir Bank, Ltd. | 425,252 | 645,884 | ||||||
Jubilant Foodworks, Ltd. (a) | 60,944 | 1,439,673 | ||||||
Just Dial, Ltd. | 48,199 | 1,019,529 | ||||||
MAX India, Ltd. | 212,899 | 1,467,096 | ||||||
McLeod Russel India, Ltd. | 131,650 | 503,723 | ||||||
Mindtree, Ltd. | 45,438 | 946,533 | ||||||
Mphasis, Ltd. | 97,675 | 601,521 | ||||||
Nirvikara Paper Mills, Ltd. | 4,465 | 3,403 | ||||||
Page Industries, Ltd. | 2,625 | 575,955 | ||||||
PI Industries, Ltd. | 38,156 | 369,602 | ||||||
Pipavav Defence & Offshore Engineering Co., Ltd. (a) | 347,916 | 317,999 | ||||||
PTC India, Ltd. | 451,912 | 584,195 | ||||||
Punj Lloyd, Ltd. (a) | 689,025 | 326,449 | ||||||
Rajesh Exports, Ltd. | 247,017 | 769,890 | ||||||
Rolta India, Ltd. | 241,521 | 626,560 | ||||||
Shree Renuka Sugars, Ltd. (a) | 800,532 | 164,376 | ||||||
Shriram City Union Finance, Ltd. | 6,836 | 214,661 | ||||||
Sintex Industries, Ltd. | 440,879 | 850,320 | ||||||
SKS Microfinance, Ltd. (a) | 222,222 | 1,626,151 | ||||||
Strides Arcolab, Ltd. | 79,318 | 1,496,657 | ||||||
Sundaram Finance, Ltd. | 14,424 | 349,737 | ||||||
Suzlon Energy, Ltd. (a) | 1,419,284 | 620,272 | ||||||
Tata Chemicals, Ltd. | 173,960 | 1,232,956 | ||||||
Tata Global Beverages, Ltd. | 523,948 | 1,245,796 | ||||||
Thermax, Ltd. | 62,129 | 1,060,927 | ||||||
TVS Motor Co., Ltd. | 206,264 | 869,634 | ||||||
Unitech, Ltd. (a) | 1,647,082 | 425,053 | ||||||
Vakrangee, Ltd. | 205,949 | 338,141 | ||||||
Videocon Industries, Ltd. (a) | 135,342 | 337,051 | ||||||
Voltas, Ltd. | 276,828 | 1,237,916 | ||||||
Welspun Corp., Ltd. | 353,850 | 304,481 | ||||||
WNS Holdings, Ltd. ADR (a) | 32,845 | 798,790 | ||||||
Wockhardt, Ltd. | 14,846 | 442,856 | ||||||
52,934,727 | ||||||||
INDONESIA — 3.3% | ||||||||
AKR Corporindo Tbk PT | 1,869,000 | 732,591 | ||||||
Alam Sutera Realty Tbk PT | 17,867,600 | 758,433 | ||||||
Bank Pembangunan Daerah Jawa Barat Dan Banten Tbk PT | 6,103,400 | 466,799 | ||||||
Bank Tabungan Negara Tbk PT (a) | 4,443,586 | 426,516 | ||||||
Ciputra Development Tbk PT | 11,166,200 | 1,259,667 | ||||||
Citra Marga Nusaphala Persada Tbk PT | 732,425 | 140,043 | ||||||
Eagle High Plantations Tbk PT | 2,910,600 | 75,242 | ||||||
Energi Mega Persada Tbk PT (a) | 33,430,700 | 225,002 | ||||||
Gajah Tunggal Tbk PT | 1,979,500 | 200,599 | ||||||
Garuda Indonesia Tbk PT (a) | 9,526,800 | 358,485 | ||||||
Harum Energy Tbk PT | 934,800 | 107,243 | ||||||
Indah Kiat Pulp & Paper Corp. Tbk PT | 2,518,600 | 191,664 | ||||||
Indosat Tbk PT (a) | 473,100 | 154,323 | ||||||
Intiland Development Tbk PT | 5,907,100 | 259,777 | ||||||
Japfa Comfeed Indonesia Tbk PT | 5,525,600 | 329,634 | ||||||
Kawasan Industri Jababeka Tbk PT | 26,571,051 | 672,659 | ||||||
Matahari Putra Prima Tbk PT | 2,654,400 | 803,933 | ||||||
Medco Energi Internasional Tbk PT | 1,736,900 | 411,808 | ||||||
Mitra Adiperkasa Tbk PT | 962,100 | 386,312 | ||||||
MNC Investama Tbk PT | 12,543,700 | 286,850 | ||||||
MNC Sky Vision Tbk PT (a) | 1,559,900 | 196,852 | ||||||
Modernland Realty Tbk PT | 5,942,400 | 231,788 | ||||||
Pakuwon Jati Tbk PT | 18,939,000 | 745,972 | ||||||
Pembangunan Perumahan Persero PT Tbk | 4,516,500 | 1,310,908 | ||||||
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | 3,068,200 | 405,964 | ||||||
Siloam International Hospitals Tbk PT (a) | 965,600 | 989,602 | ||||||
Summarecon Agung Tbk PT | 11,532,800 | 1,517,125 | ||||||
Surya Semesta Internusa Tbk PT | 3,265,600 | 284,725 | ||||||
Timah Persero Tbk PT | 3,964,929 | 288,083 | ||||||
Wijaya Karya Persero Tbk PT | 4,097,600 | 1,095,305 | ||||||
15,313,904 | ||||||||
MALAYSIA — 5.0% | ||||||||
Aeon Co. M Bhd | 1,059,100 | 846,479 | ||||||
Berjaya Auto Bhd | 451,400 | 460,724 | ||||||
Berjaya Corp. Bhd | 4,110,800 | 505,040 | ||||||
Berjaya Sports Toto Bhd | 1,209,677 | 1,097,479 |
See accompanying notes to financial statements.
340
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Boustead Holdings Bhd | 627,260 | $ | 779,100 | |||||
Boustead Plantations Bhd | 549,500 | 203,271 | ||||||
Bursa Malaysia Bhd | 664,573 | 1,539,635 | ||||||
Cahya Mata Sarawak Bhd | 449,200 | 545,808 | ||||||
Carlsberg Brewery Malay Bhd | 93,100 | 341,379 | ||||||
Datasonic Group Bhd | 729,600 | 224,583 | ||||||
DRB-Hicom Bhd | 1,281,500 | 681,667 | ||||||
Eastern & Oriental Bhd | 1,342,110 | 724,779 | ||||||
Gas Malaysia Bhd | 325,600 | 227,705 | ||||||
IGB REIT | 506,500 | 181,894 | ||||||
Inari Amertron Bhd | 593,775 | 530,686 | ||||||
KNM Group Bhd (a) | 3,319,255 | 578,080 | ||||||
KPJ Healthcare Bhd | 1,160,993 | 1,335,448 | ||||||
Magnum Bhd | 1,476,400 | 1,072,368 | ||||||
Malaysian Bulk Carriers Bhd | 712,600 | 232,819 | ||||||
Malaysian Resources Corp. Bhd | 1,673,100 | 564,702 | ||||||
Media Prima Bhd | 1,603,800 | 736,185 | ||||||
Oriental Holdings Bhd | 265,500 | 481,750 | ||||||
OSK Holdings Bhd | 1,103,800 | 652,713 | ||||||
Padini Holdings Bhd | 575,800 | 226,993 | ||||||
Parkson Holdings Bhd (a) | 390,733 | 231,053 | ||||||
Pavilion Real Estate Investment Trust | 794,200 | 328,102 | ||||||
POS Malaysia Bhd | 703,900 | 1,005,436 | ||||||
Press Metal Bhd | 713,000 | 637,243 | ||||||
Sunway Real Estate Investment Trust | 3,608,200 | 1,529,600 | ||||||
TAN Chong Motor Holdings Bhd | 813,500 | 665,561 | ||||||
Top Glove Corp. Bhd | 807,400 | 1,192,515 | ||||||
TSH Resources Bhd | 631,800 | 387,252 | ||||||
UOA Development Bhd | 1,731,100 | 1,033,004 | ||||||
Wah Seong Corp. Bhd | 1,317,984 | 441,285 | ||||||
WCT Holdings Bhd | 1,209,050 | 502,751 | ||||||
Yinson Holdings Bhd | 530,700 | 402,664 | ||||||
23,127,753 | ||||||||
MEXICO — 2.3% | ||||||||
Asesor de Activos Prisma SAPI de CV REIT (a) | 384,001 | 396,245 | ||||||
Axtel SAB de CV (a)(b) | 1,628,696 | 520,653 | ||||||
Banregio Grupo Financiero SAB de CV (a) | 211,983 | 1,081,327 | ||||||
Bolsa Mexicana de Valores SAB de CV | 567,773 | 966,398 | ||||||
Concentradora Fibra Hotelera Mexicana SA de CV (a)(b) | 337,169 | 453,048 | ||||||
Consorcio ARA SAB de CV (a)(b) | 1,818,144 | 762,620 | ||||||
Corp Inmobiliaria Vesta SAB de CV (b) | 218,767 | 407,112 | ||||||
Corporacion GEO SAB de CV (a)(b)(c) | 791,193 | 0 | ||||||
Credito Real SAB de CV SOFOM | 205,403 | 482,286 | ||||||
Empresas ICA SAB de CV (a)(b) | 708,074 | 577,270 | ||||||
Grupo Aeromexico SAB de CV (a)(b) | 101,834 | 175,737 | ||||||
Grupo Aeroportuario del Centro Norte Sab de CV (a) | 225,574 | 1,100,014 | ||||||
Hoteles City Express SAB de CV (a) | 133,155 | 203,741 | ||||||
Megacable Holdings SAB de CV (a)(b) | 163,195 | 639,850 | ||||||
Mexico Real Estate Management SA de CV (a) | 613,879 | 964,283 | ||||||
PLA Administradora Industrial S de RL de CV (a) | 363,946 | 739,156 | ||||||
Prologis Property Mexico SA de CV REIT (a) | 134,065 | 240,246 | ||||||
Qualitas Controladora SAB de CV (a) | 144,426 | 258,624 | ||||||
TV Azteca SAB de CV (a) | 1,396,357 | 520,623 | ||||||
Urbi Desarrollos Urbanos SA de CV (a)(b)(c) | 679,159 | 0 | ||||||
10,489,233 | ||||||||
MONACO — 0.2% | ||||||||
GasLog, Ltd. (b) | 52,147 | 1,012,695 | ||||||
PANAMA — 0.1% | ||||||||
Avianca Holding SA Preference Shares | 195,803 | 276,249 | ||||||
PERU — 0.4% | ||||||||
Ferreyros SA | 2,009,661 | 914,514 | ||||||
Grana y Montero SA | 99,409 | 153,998 | ||||||
Luz del Sur SAA | 227,899 | 779,645 | ||||||
Minsur SA | 286,701 | 119,362 | ||||||
1,967,519 | ||||||||
PHILIPPINES — 1.7% | ||||||||
Belle Corp. | 2,730,400 | 262,656 | ||||||
Cebu Air, Inc. | 493,770 | 938,936 | ||||||
Cosco Capital, Inc. | 5,633,000 | 1,131,641 | ||||||
D&L Industries, Inc. | 1,515,700 | 679,861 | ||||||
First Gen Corp. | 946,300 | 645,686 | ||||||
First Philippine Holdings Corp. | 313,890 | 674,126 | ||||||
Manila Water Co., Inc. | 1,034,800 | 627,362 | ||||||
Philex Mining Corp. | 1,155,700 | 188,221 | ||||||
Rizal Commercial Banking Corp. | 385,080 | 388,957 | ||||||
Robinsons Retail Holdings, Inc. | 346,340 | 650,840 | ||||||
Security Bank Corp. | 371,384 | 1,429,039 | ||||||
SM Prime Holdings, Inc. | 1 | 1 | ||||||
Union Bank of Philippines (a) | 200,516 | 310,194 | ||||||
7,927,520 | ||||||||
POLAND — 2.9% | ||||||||
Agora SA (a) | 112,669 | 302,808 | ||||||
Alior Bank SA (a) | 56,031 | 1,231,012 | ||||||
Alumetal SA (a) | 12,364 | 175,767 | ||||||
AmRest Holdings SE (a) | 13,172 | 432,698 | ||||||
Asseco Poland SA | 103,931 | 1,617,283 | ||||||
Boryszew SA (a) | 171,979 | 282,587 | ||||||
CCC SA | 14,566 | 702,656 | ||||||
Ciech SA | 52,799 | 755,883 | ||||||
Echo Investment SA (a) | 293,661 | 514,284 | ||||||
Emperia Holding SA | 27,689 | 467,387 | ||||||
Eurocash SA | 92,321 | 797,201 | ||||||
Fabryki Mebli Forte SA | 9,151 | 141,941 | ||||||
Globe Trade Centre SA (a) | 283,261 | 420,614 | ||||||
Grupa Kety SA | 2,147 | 169,880 | ||||||
Grupa Lotos SA (a) | 107,404 | 767,111 | ||||||
Inter Cars SA | 2,882 | 174,790 | ||||||
Jastrzebska Spolka Weglowa SA (a) | 56,666 | 258,259 | ||||||
KRUK SA (a) | 8,146 | 291,980 | ||||||
Lubelski Wegiel Bogdanka SA | 42,525 | 941,012 | ||||||
Netia SA | 511,683 | 796,236 | ||||||
Orbis SA | 34,305 | 422,536 | ||||||
PKP Cargo SA | 14,312 | 333,123 | ||||||
Stomil Sanok SA | 9,522 | 164,472 | ||||||
Synthos SA | 190,473 | 221,042 |
See accompanying notes to financial statements.
341
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
TVN SA (a) | 213,627 | $ | 966,294 | |||||
Zespol Elektrowni Patnow Adamow Konin SA | 19,638 | 127,415 | ||||||
13,476,271 | ||||||||
QATAR — 0.4% | ||||||||
Al Meera Consumer Goods Co. QSC (a) | 14,000 | 838,174 | ||||||
Mannai Corp. QSC | 15,000 | 428,012 | ||||||
Medicare Group | 12,000 | 468,960 | ||||||
Salam International Investment Co. | 100,000 | 363,886 | ||||||
2,099,032 | ||||||||
RUSSIA — 0.3% | ||||||||
Aeroflot — Russian Airlines OJSC (a) | 473,612 | 277,923 | ||||||
CTC Media, Inc. | 67,169 | 265,989 | ||||||
DIXY Group OJSC (a) | 22,440 | 187,813 | ||||||
Globaltrans Investment PLC GDR | 63,612 | 287,526 | ||||||
Mechel ADR (a) | 212,511 | 263,514 | ||||||
1,282,765 | ||||||||
SINGAPORE — 0.6% | ||||||||
Asian Pay Television Trust | 790,500 | 512,900 | ||||||
Bumitama Agri, Ltd. (b) | 332,900 | 243,905 | ||||||
Nam Cheong, Ltd. (b) | 2,496,400 | 555,079 | ||||||
SIIC Environment Holdings, Ltd. (a) | 5,601,300 | 702,357 | ||||||
Yanlord Land Group, Ltd. (b) | 859,200 | 613,849 | ||||||
2,628,090 | ||||||||
SOUTH AFRICA — 6.7% | ||||||||
Acucap Properties, Ltd. | 134,292 | 630,658 | ||||||
Adcock Ingram Holdings, Ltd. (a)(b) | 228,433 | 980,379 | ||||||
AECI, Ltd. | 89,944 | 890,810 | ||||||
African Bank Investments, Ltd. (a)(b)(d) | 1,222,985 | 31,291 | ||||||
Aquarius Platinum, Ltd. (a) | 1,519,180 | 200,940 | ||||||
ArcelorMittal South Africa, Ltd. (a)(b) | 102,169 | 159,204 | ||||||
Attacq, Ltd. (a) | 230,830 | 495,143 | ||||||
Aveng, Ltd. (a)(b) | 387,583 | 359,553 | ||||||
AVI, Ltd. | 97,114 | 661,654 | ||||||
Capital Property Fund (a) | 987,430 | 1,140,949 | ||||||
Clicks Group, Ltd. | 317,156 | 2,393,541 | ||||||
DataTec, Ltd. | 343,474 | 1,700,893 | ||||||
Emira Property Fund | 325,769 | 482,621 | ||||||
Famous Brands, Ltd. | 38,273 | 353,787 | ||||||
Fountainhead Property Trust | 703,455 | 598,006 | ||||||
Grindrod, Ltd. | 638,960 | 917,603 | ||||||
Harmony Gold Mining Co., Ltd. (a) | 259,439 | 452,660 | ||||||
Hosken Consolidated Investments, Ltd. | 119,083 | 1,425,114 | ||||||
Hyprop Investments, Ltd. | 56,017 | 545,549 | ||||||
Illovo Sugar, Ltd. | 150,104 | 294,602 | ||||||
JSE, Ltd. | 166,059 | 1,687,692 | ||||||
Lewis Group, Ltd. (b) | 190,938 | 1,219,734 | ||||||
Merafe Resources, Ltd. | 3,862,173 | 251,820 | ||||||
Mondi, Ltd. | 130,437 | 2,496,079 | ||||||
Montauk Energy Holdings, Ltd. (a) | 1 | 0 | ||||||
Mpact, Ltd. | 213,007 | 755,952 | ||||||
Murray & Roberts Holdings, Ltd. | 350,885 | 396,460 | ||||||
Northam Platinum, Ltd. (a) | 447,102 | 1,701,506 | ||||||
Omnia Holdings, Ltd. | 36,133 | 514,428 | ||||||
Pick’ n Pay Holdings, Ltd. | 182,625 | 324,064 | ||||||
PPC, Ltd. | 527,764 | 798,425 | ||||||
PSG Group, Ltd. | 23,576 | 321,838 | ||||||
Reunert, Ltd. | 241,662 | 1,197,116 | ||||||
SA Corporate Real Estate Fund Nominees Pty, Ltd. | 3,895,868 | 1,575,550 | ||||||
Sun International, Ltd. | 112,094 | 1,165,694 | ||||||
Super Group, Ltd. (a) | 355,850 | 1,020,595 | ||||||
Wilson Bayly Holmes-Ovcon, Ltd. | 86,081 | 800,474 | ||||||
30,942,384 | ||||||||
TAIWAN — 31.4% | ||||||||
A-DATA Technology Co., Ltd. (b) | 269,652 | 458,469 | ||||||
Ability Enterprise Co., Ltd. | 556,000 | 312,739 | ||||||
AcBel Polytech, Inc. | 311,000 | 330,481 | ||||||
Accton Technology Corp. | 1,241,341 | 644,672 | ||||||
Adlink Technology, Inc. (b) | 104,719 | 268,742 | ||||||
Advanced Ceramic X Corp. | 58,642 | 288,618 | ||||||
Advanced International Multitech Co., Ltd. | 185,000 | 149,585 | ||||||
AGV Products Corp. (a) | 1,622,926 | 419,606 | ||||||
Airtac International Group (b) | 104,000 | 834,260 | ||||||
Alpha Networks, Inc. | 488,348 | 327,750 | ||||||
Altek Corp. (a) | 207,516 | 242,400 | ||||||
AmTRAN Technology Co., Ltd. | 857,717 | 474,225 | ||||||
Anpec Electronics Corp. | 224,055 | 257,423 | ||||||
Arcadyan Technology Corp. | 282,172 | 387,772 | ||||||
Asia Optical Co., Inc. (a) | 208,540 | 292,916 | ||||||
Asia Polymer Corp. | 515,588 | 348,504 | ||||||
Asrock, Inc. | 92,000 | 223,752 | ||||||
Aten International Co., Ltd. | 210,000 | 608,725 | ||||||
Basso Industry Corp. | 510,000 | 803,547 | ||||||
BES Engineering Corp. | 2,489,356 | 603,046 | ||||||
Capital Securities Corp. | 2,365,730 | 774,967 | ||||||
Career Technology Co., Ltd. | 237,726 | 243,120 | ||||||
Casetek Holdings, Ltd. (b) | 178,000 | 961,393 | ||||||
Cathay No. 1 REIT | 1,075,000 | 625,967 | ||||||
Cathay Real Estate Development Co., Ltd. | 1,777,904 | 1,031,287 | ||||||
Center Laboratories, Inc. (b) | 167,000 | 467,002 | ||||||
Chang Wah Electromaterials, Inc. (b) | 104,577 | 287,094 | ||||||
Charoen Pokphand Enterprise (b) | 637,887 | 590,183 | ||||||
Cheng Loong Corp. | 1,465,128 | 580,620 | ||||||
Cheng Uei Precision Industry Co., Ltd. | 327,915 | 607,832 | ||||||
Chien Kuo Construction Co., Ltd. | 543,501 | 202,358 | ||||||
Chin-Poon Industrial Co. | 207,000 | 417,440 | ||||||
China Airlines, Ltd. (a) | 500,000 | 256,472 | ||||||
China Bills Finance Corp. | 870,394 | 328,241 | ||||||
China Chemical & Pharmaceutical Co., Ltd. | 626,000 | 408,130 | ||||||
China Manmade Fibers Corp. (a)(b) | 1,532,904 | 529,094 | ||||||
China Motor Corp. (b) | 845,000 | 731,847 | ||||||
China Petrochemical Development Corp. (a)(b) | 1,566,575 | 553,233 | ||||||
China Steel Chemical Corp. (b) | 210,000 | 996,644 | ||||||
China Synthetic Rubber Corp. | 626,452 | 649,676 | ||||||
Chipbond Technology Corp. | 417,000 | 880,911 | ||||||
ChipMOS TECHNOLOGIES Bermuda, Ltd. | 39,981 | 985,931 | ||||||
Chong Hong Construction Co., Ltd. | 268,453 | 543,941 |
See accompanying notes to financial statements.
342
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Chroma ATE, Inc. (b) | 315,680 | $ | 783,903 | |||||
Chung Hung Steel Corp. (a) | 875,239 | 197,761 | ||||||
Clevo Co. | 521,265 | 811,301 | ||||||
CMC Magnetics Corp. (a) | 2,070,719 | 277,287 | ||||||
Coretronic Corp. (a) | 388,065 | 594,066 | ||||||
CTCI Corp. | 724,000 | 1,193,941 | ||||||
CyberTAN Technology, Inc. | 518,210 | 389,196 | ||||||
D-Link Corp. (a) | 1,036,242 | 559,683 | ||||||
Darwin Precisions Corp. (a) | 797,576 | 474,110 | ||||||
Dynapack International Technology Corp. | 89,000 | 219,016 | ||||||
E Ink Holdings, Inc. (a)(b) | 748,000 | 344,238 | ||||||
Eclat Textile Co., Ltd. | 161,000 | 2,117,338 | ||||||
Elan Microelectronics Corp. | 590,899 | 1,010,326 | ||||||
Elite Material Co., Ltd. | 509,782 | 873,260 | ||||||
Elite Semiconductor Memory Technology, Inc. | 304,674 | 486,368 | ||||||
eMemory Technology, Inc. (b) | 63,000 | 685,570 | ||||||
ENG Electric Co., Ltd. | 277,086 | 203,675 | ||||||
Epistar Corp. | 933,572 | 1,503,740 | ||||||
Eternal Materials Co., Ltd. | 830,099 | 890,055 | ||||||
Eva Airways Corp. (a)(b) | 1,387,069 | 1,017,361 | ||||||
Everlight Chemical Industrial Corp. (b) | 548,712 | 520,829 | ||||||
Everlight Electronics Co., Ltd. (b) | 500,503 | 1,134,090 | ||||||
Excelsior Medical Co., Ltd. | 195,660 | 323,286 | ||||||
Far Eastern Department Stores, Ltd. | 829,490 | 701,183 | ||||||
Far Eastern International Bank | 2,972,584 | 1,035,512 | ||||||
Faraday Technology Corp. | 612,976 | 891,352 | ||||||
Farglory Land Development Co., Ltd. | 222,464 | 256,662 | ||||||
Feng Hsin Iron & Steel Co., Ltd. | 509,270 | 639,639 | ||||||
Feng TAY Enterprise Co., Ltd. | 315,168 | 1,898,663 | ||||||
Firich Enterprises Co., Ltd. | 148,000 | 503,739 | ||||||
FLEXium Interconnect, Inc. (b) | 210,549 | 606,279 | ||||||
Formosa Taffeta Co., Ltd. | 1,042,000 | 1,097,280 | ||||||
Formosan Rubber Group, Inc. | 739,124 | 749,990 | ||||||
FSP Technology, Inc. | 452,184 | 362,007 | ||||||
Gemtek Technology Corp. | 415,234 | 306,549 | ||||||
GeoVision, Inc. (b) | 104,321 | 391,746 | ||||||
Gigabyte Technology Co., Ltd. | 382,000 | 473,685 | ||||||
Gigastorage Corp. (a)(b) | 407,114 | 359,754 | ||||||
Ginko International Co., Ltd. (b) | 54,000 | 621,285 | ||||||
Gintech Energy Corp. (a)(b) | 405,806 | 280,135 | ||||||
Global Unichip Corp. | 104,669 | 277,645 | ||||||
Gloria Material Technology Corp. | 541,913 | 355,906 | ||||||
Goldsun Development & Construction Co., Ltd. (a) | 1,975,041 | 665,921 | ||||||
Grand Pacific Petrochemical | 1,103,000 | 623,941 | ||||||
Grape King, Inc. | 208,000 | 900,735 | ||||||
Great Wall Enterprise Co. | 937,867 | 786,801 | ||||||
HannStar Display Corp. (b) | 2,038,599 | 446,290 | ||||||
HannsTouch Solution, Inc. (a) | 953,000 | 194,925 | ||||||
Hey Song Corp. | 440,770 | 533,882 | ||||||
Highwealth Construction Corp. | 809,100 | 1,913,499 | ||||||
Himax Technologies, Inc. ADR (b) | 82,032 | 519,263 | ||||||
Ho Tung Chemical Corp. (a)(b) | 1,764,482 | 515,416 | ||||||
Hong TAI Electric Industrial | 1,043,000 | 355,000 | ||||||
Huaku Development Co., Ltd. | 331,260 | 677,553 | ||||||
Huang Hsiang Construction Co. | 312,484 | 441,912 | ||||||
I-Sheng Electric Wire & Cable Co., Ltd. | 402,000 | 590,345 | ||||||
Ibase Technology, Inc. (b) | 343,428 | 664,027 | ||||||
Ichia Technologies, Inc. | 183,000 | 181,011 | ||||||
ITE Technology, Inc. | 270,887 | 341,098 | ||||||
Jess-Link Products Co., Ltd. | 278,974 | 359,751 | ||||||
Jih Sun Financial Holdings Co., Ltd. | 1,792,971 | 477,323 | ||||||
KEE TAI Properties Co., Ltd. | 1,087,076 | 684,417 | ||||||
Kenda Rubber Industrial Co., Ltd. | 626,313 | 1,227,005 | ||||||
Kerry TJ Logistics Co., Ltd. | 521,000 | 648,544 | ||||||
King Slide Works Co., Ltd. | 69,000 | 1,040,844 | ||||||
King Yuan Electronics Co., Ltd. | 1,442,656 | 1,311,715 | ||||||
King’s Town Bank | 1,461,000 | 1,398,432 | ||||||
Kinpo Electronics (a) | 1,318,371 | 602,515 | ||||||
Kinsus Interconnect Technology Corp. | 206,030 | 661,745 | ||||||
Kuoyang Construction Co., Ltd. | 960,527 | 425,161 | ||||||
KYE Systems Corp. | 673,413 | 244,271 | ||||||
LCY Chemical Corp. (b) | 529,862 | 282,796 | ||||||
Lingsen Precision Industries, Ltd. | 800,694 | 369,768 | ||||||
Long Bon International Co., Ltd. | 432,000 | 316,165 | ||||||
Longwell Co. | 315,000 | 331,711 | ||||||
Lumax International Corp., Ltd. | 208,358 | 410,856 | ||||||
Lung Yen Life Service Corp. | 208,000 | 546,424 | ||||||
Macronix International Co., Ltd. (a) | 3,291,170 | 801,493 | ||||||
Makalot Industrial Co., Ltd. | 210,646 | 1,514,712 | ||||||
Masterlink Securities Corp. | 1,617,477 | 542,777 | ||||||
Medigen Biotechnology Corp. (a)(b) | 92,000 | 410,163 | ||||||
Mercuries & Associates Holding, Ltd. | 541,835 | 401,744 | ||||||
Merry Electronics Co., Ltd. (b) | 104,000 | 334,036 | ||||||
Micro-Star International Co., Ltd. | 622,000 | 738,488 | ||||||
Microbio Co., Ltd. (a)(b) | 583,723 | 487,835 | ||||||
MIN AIK Technology Co., Ltd. | 170,000 | 638,383 | ||||||
Mirle Automation Corp. | 713,195 | 667,837 | ||||||
Mitac Holdings Corp. | 762,999 | 592,550 | ||||||
Motech Industries, Inc. (b) | 312,885 | 423,480 | ||||||
Nan Kang Rubber Tire Co., Ltd. | 849,204 | 831,835 | ||||||
Nantex Industry Co., Ltd. | 675,881 | 369,369 | ||||||
Neo Solar Power Corp. (b) | 509,436 | 450,987 | ||||||
Newmax Technology Co., Ltd. | 115,499 | 134,361 | ||||||
Nien Hsing Textile Co., Ltd. | 405,938 | 355,471 | ||||||
Oriental Union Chemical Corp. | 867,500 | 765,197 | ||||||
Pan-International Industrial Co., Ltd. | 544,539 | 320,215 | ||||||
Parade Technologies, Ltd. | 64,000 | 603,388 | ||||||
PChome Online, Inc. | 60,617 | 788,467 | ||||||
Phison Electronics Corp. | 104,837 | 871,129 | ||||||
Phytohealth Corp. (a)(b) | 311,511 | 314,099 | ||||||
PixArt Imaging, Inc. | 104,060 | 347,532 | ||||||
Portwell, Inc. | 215,000 | 382,039 | ||||||
Powertech Technology, Inc. (a) | 626,000 | 1,078,344 | ||||||
President Securities Corp. | 1,385,850 | 721,935 | ||||||
Primax Electronics, Ltd. | 381,000 | 523,586 | ||||||
Prime Electronics Satellitics, Inc. | 414,803 | 163,721 | ||||||
Prince Housing Development Corp. | 1,962,996 | 812,426 | ||||||
Promate Electronic Co., Ltd. | 513,000 | 643,504 | ||||||
Qisda Corp. (a) | 1,562,641 | 711,653 | ||||||
Radiant Opto-Electronics Corp. | 375,331 | 1,168,336 | ||||||
Radium Life Tech Co., Ltd. (a) | 981,187 | 507,997 | ||||||
Realtek Semiconductor Corp. | 409,053 | 1,307,296 | ||||||
RichTek Technology Corp. | 105,477 | 578,118 |
See accompanying notes to financial statements.
343
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Ritek Corp. (a)(b) | 2,471,596 | $ | 260,667 | |||||
Sampo Corp. | 1,841,527 | 809,236 | ||||||
Sanyang Industry Co., Ltd. (a)(b) | 607,945 | 509,049 | ||||||
ScinoPharm Taiwan, Ltd. (b) | 265,917 | 421,099 | ||||||
Senao International Co., Ltd. | 176,911 | 261,211 | ||||||
Sercomm Corp. | 313,000 | 675,216 | ||||||
Shinkong Insurance Co., Ltd. | 590,841 | 462,627 | ||||||
Shinkong Synthetic Fibers Corp. | 2,377,796 | 816,916 | ||||||
Sigurd Microelectronics Corp. | 720,694 | 694,437 | ||||||
Silicon Integrated Systems Corp. (a)(b) | 1,003,000 | 272,147 | ||||||
Silicon Motion Technology Corp. ADR (b) | 29,678 | 797,745 | ||||||
Simplo Technology Co., Ltd. | 210,129 | 1,057,696 | ||||||
Sinbon Electronics Co., Ltd. | 604,000 | 984,468 | ||||||
Sinmag Equipment Corp. | 105,614 | 622,748 | ||||||
Sino-American Silicon Products, Inc. (a) | 484,058 | 731,734 | ||||||
Sinon Corp. | 1,257,662 | 681,284 | ||||||
Sinphar Pharmaceutical Co., Ltd. (b) | 404,346 | 496,871 | ||||||
Sinyi Realty Co. | 687,321 | 755,636 | ||||||
Soft-World International Corp. | 100,848 | 277,501 | ||||||
Solar Applied Materials Technology Corp. | 420,090 | 355,110 | ||||||
Solartech Energy Corp. (a)(b) | 427,207 | 268,967 | ||||||
St. Shine Optical Co., Ltd. (b) | 57,000 | 919,942 | ||||||
Standard Foods Corp. | 520,539 | 1,340,858 | ||||||
Systex Corp. | 320,000 | 582,934 | ||||||
Ta Chong Bank Co., Ltd. (a) | 2,813,255 | 957,532 | ||||||
Taichung Commercial Bank | 2,563,564 | 872,546 | ||||||
Taiflex Scientific Co., Ltd. (b) | 335,725 | 515,014 | ||||||
Tainan Enterprises Co., Ltd. | 388,000 | 372,004 | ||||||
Tainan Spinning Co., Ltd. | 1,756,540 | 912,233 | ||||||
Taisun Enterprise Co., Ltd. (a) | 862,549 | 344,579 | ||||||
Taiwan Acceptance Corp. | 313,000 | 778,249 | ||||||
Taiwan Business Bank (a) | 4,564,448 | 1,385,818 | ||||||
Taiwan Cogeneration Corp. | 622,469 | 539,115 | ||||||
Taiwan Fertilizer Co., Ltd. | 278,000 | 481,547 | ||||||
Taiwan Fire & Marine Insurance Co. | 415,004 | 298,421 | ||||||
Taiwan Hon Chuan Enterprise Co., Ltd. (b) | 378,027 | 729,717 | ||||||
Taiwan Land Development Corp. | 1,197,276 | 598,829 | ||||||
Taiwan Life Insurance Co., Ltd. (a) | 539,025 | 450,479 | ||||||
Taiwan Secom Co., Ltd. | 388,961 | 1,050,406 | ||||||
Taiwan Surface Mounting Technology Co., Ltd. | 401,246 | 504,603 | ||||||
Taiyen Biotech Co., Ltd. (b) | 405,979 | 342,533 | ||||||
Tatung Co., Ltd. (a) | 3,063,691 | 825,405 | ||||||
Test-Rite International Co. | 541,896 | 359,359 | ||||||
Thye Ming Industrial Co., Ltd. | 509,218 | 634,692 | ||||||
Ton Yi Industrial Corp. (b) | 415,000 | 289,134 | ||||||
Tong Hsing Electronic Industries, Ltd. | 103,327 | 356,642 | ||||||
Tong Yang Industry Co., Ltd. | 490,872 | 574,174 | ||||||
Topco Scientific Co., Ltd. | 381,520 | 754,749 | ||||||
Transcend Information, Inc. | 279,484 | 991,458 | ||||||
Tripod Technology Corp. | 518,353 | 1,043,664 | ||||||
TSRC Corp. (b) | 625,028 | 668,175 | ||||||
TTY Biopharm Co., Ltd. (b) | 273,436 | 560,155 | ||||||
Tung Ho Steel Enterprise Corp. | 950,258 | 719,754 | ||||||
Tung Thih Electronic Co., Ltd. | 110,893 | 450,093 | ||||||
TXC Corp. | 510,120 | 652,934 | ||||||
U-Ming Marine Transport Corp. (b) | 477,000 | 705,820 | ||||||
Unimicron Technology Corp. | 1,023,000 | 663,691 | ||||||
Unity Opto Technology Co., Ltd. (a) | 413,307 | 419,383 | ||||||
Unizyx Holding Corp. | 559,694 | 297,824 | ||||||
UPC Technology Corp. | 887,914 | 326,335 | ||||||
USI Corp. | 1,130,318 | 585,208 | ||||||
Ve Wong Corp. | 541,604 | 411,958 | ||||||
Visual Photonics Epitaxy Co., Ltd. | 447,162 | 560,203 | ||||||
Wafer Works Corp. (a)(b) | 466,872 | 205,907 | ||||||
Wah Hong Industrial Corp. | 212,083 | 208,084 | ||||||
Walsin Lihwa Corp. (a) | 3,244,000 | 1,000,467 | ||||||
Wan Hai Lines, Ltd. | 1,160,320 | 1,431,395 | ||||||
Waterland Financial Holdings Co., Ltd. | 2,278,311 | 629,830 | ||||||
Wei Chuan Food Corp. (b) | 285,899 | 228,884 | ||||||
Weikeng Industrial Co., Ltd. | 417,628 | 312,320 | ||||||
Winbond Electronics Corp. (a) | 2,766,730 | 910,748 | ||||||
Wistron NeWeb Corp. | 210,231 | 483,081 | ||||||
WUS Printed Circuit Co., Ltd. (b) | 876,000 | 495,532 | ||||||
Yageo Corp. (a) | 593,640 | 1,223,707 | ||||||
Yang Ming Marine Transport Corp. (a)(b) | 1,674,788 | 963,445 | ||||||
YFY, Inc. | 2,160,941 | 870,178 | ||||||
Yieh Phui Enterprise Co., Ltd. | 1,854,296 | 560,615 | ||||||
Young Optics, Inc. | 104,242 | 206,885 | ||||||
Yungtay Engineering Co., Ltd. (b) | 429,000 | 996,750 | ||||||
Zenitron Corp. | 572,348 | 348,457 | ||||||
Zinwell Corp. | 507,674 | 522,439 | ||||||
144,984,849 | ||||||||
THAILAND — 4.1% | ||||||||
Bangkok Expressway PCL NVDR | 658,300 | 788,989 | ||||||
Bangkokland PCL NVDR | 14,449,700 | 666,089 | ||||||
Central Plaza Hotel PCL NVDR (b) | 444,100 | 446,966 | ||||||
Chularat Hospital PCL NVDR | 319,900 | 192,687 | ||||||
Dynasty Ceramic PCL NVDR | 2,091,200 | 404,873 | ||||||
Esso Thailand PCL NVDR (a) | 960,400 | 174,135 | ||||||
GFPT PCL | 289,000 | 101,248 | ||||||
Hana Microelectronics PCL | 1,434,560 | 1,939,786 | ||||||
Hemaraj Land and Development PCL NVDR (b) | 6,122,300 | 842,898 | ||||||
Ichitan Group PCL NVDR (b) | 1,445,200 | 937,115 | ||||||
Jasmine International PCL NVDR (b) | 5,571,100 | 984,445 | ||||||
Kiatnakin Bank PCL NVDR | 487,100 | 583,801 | ||||||
LPN Development PCL ADR NVDR | 864,500 | 446,331 | ||||||
Major Cineplex Group PCL NVDR | 235,500 | 237,020 | ||||||
MBK PCL NVDR | 615,900 | 264,985 | ||||||
MK Restaurants Group PCL NVDR | 673,900 | 1,190,819 | ||||||
Precious Shipping PCL (a) | 391,600 | 172,092 | ||||||
Robinson Department Store PCL NVDR (b) | 351,400 | 512,953 | ||||||
Siam Global House PCL NVDR | 880,571 | 251,669 | ||||||
Sino Thai Engineering & Construction PCL NVDR | 820,000 | 536,755 | ||||||
Sri Trang Agro-Industry PCL NVDR | 480,200 | 177,087 | ||||||
Supalai PCL NVDR | 483,000 | 319,130 | ||||||
Thai Airways International PCL NVDR (a) | 850,100 | 282,148 | ||||||
Thai Vegetable Oil PCL NVDR | 447,800 | 297,249 |
See accompanying notes to financial statements.
344
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Thaicom PCL NVDR | 667,900 | $ | 713,261 | |||||
Thanachart Capital PCL | 1,765,264 | 1,885,154 | ||||||
Thoresen Thai Agencies PCL | 3,472,206 | 1,419,187 | ||||||
Tisco Financial Group PCL | 308,603 | 433,884 | ||||||
TTW PCL | 1,636,400 | 573,293 | ||||||
VGI Global Media PCL NVDR | 3,806,712 | 637,572 | ||||||
WHA Corp. PCL NVDR | 493,350 | 477,582 | ||||||
18,891,203 | ||||||||
TURKEY — 1.9% | ||||||||
Akfen Holding AS | 96,207 | 223,798 | ||||||
Albaraka Turk Katilim Bankasi | 1,624,772 | 1,076,298 | ||||||
Aygaz AS | 120,763 | 441,844 | ||||||
Dogan Sirketler Grubu Holdings AS (a)(b) | 988,621 | 232,258 | ||||||
GSD Holding (a)(b) | 482,679 | 312,305 | ||||||
Ihlas Holding (a) | 3 | 0 | ||||||
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS (Class D) (a)(b) | 1,442,827 | 933,545 | ||||||
Koza Altin Isletmeleri AS (b) | 104,236 | 1,130,077 | ||||||
NET Holding AS (a) | 277,227 | 412,130 | ||||||
Pegasus Hava Tasimaciligi AS (a)(b) | 40,691 | 380,034 | ||||||
Petkim Petrokimya Holding AS | 1,096,542 | 1,461,212 | ||||||
Sekerbank TAS (a) | 1,088,708 | 700,228 | ||||||
Sinpas Gayrimenkul Yatirim Ortakligi AS (a) | 3 | 1 | ||||||
Tekfen Holding AS (a) | 146,167 | 264,581 | ||||||
Torunlar Gayrimenkul Yatirim Ortakligi AS | 198,841 | 299,429 | ||||||
Turkiye Sinai Kalkinma Bankasi AS | 859,478 | 658,718 | ||||||
Yazicilar Holding AS (Class A) | 26,339 | 219,111 | ||||||
8,745,569 | ||||||||
UNITED ARAB EMIRATES — 0.8% | ||||||||
Air Arabia PJSC | 1,900,000 | 734,569 | ||||||
Al Waha Capital PJSC (a) | 1,150,000 | 895,477 | ||||||
Dana Gas PJSC (a) | 3,150,000 | 343,053 | ||||||
Drake & Scull International PJSC (a) | 1,668,076 | 304,286 | ||||||
Eshraq Properties Co. PJSC (a) | 2,369,565 | 387,089 | ||||||
Exillon Energy PLC (a) | 77,639 | 149,832 | ||||||
National Central Cooling Co. PJSC | 700,000 | 205,832 | ||||||
RAK Properties PJSC | 2,800,000 | 487,898 | ||||||
3,508,036 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $559,915,115) | 460,738,644 | |||||||
RIGHTS — 0.0% (f) | ||||||||
BRAZIL — 0.0% (f) | ||||||||
JHSF Participacoes SA (expiring 4/13/15) (a) | 31,649 | 198 | ||||||
INDIA — 0.0% (f) | ||||||||
GMR Infrastructure, Ltd. (expired 3/11/15) (a) | 231,416 | 5,917 | ||||||
MALAYSIA — 0.0% (f) | ||||||||
KNM Group Bhd (expiring 4/13/15) (a) | 663,851 | 26,887 | ||||||
THAILAND — 0.0% (f) | ||||||||
Thoresen Thai Agencies PCL (expired 2/5/15) (a)(d) | 68,420 | 0 | ||||||
TOTAL RIGHTS — | ||||||||
(Cost $0) | 33,002 | |||||||
WARRANTS — 0.0% (f) | ||||||||
MALAYSIA — 0.0% (f) | ||||||||
Eastern & Oriental Bhd (expiring 7/21/19) (a) | 244,020 | 28,003 | ||||||
Inari Amertron Bhd (expiring 2/17/20) (a) | 65,975 | 26,009 | ||||||
54,012 | ||||||||
THAILAND — 0.0% (f) | ||||||||
Thoresen Thai Agencies PCL (expiring 2/28/19) (a)(d) | 337,542 | 0 | ||||||
WHA Corp. PCL (expiring 3/4/20) (a) | 45,133 | 10,818 | ||||||
10,818 | ||||||||
TOTAL WARRANTS — | ||||||||
(Cost $0) | 64,830 | |||||||
SHORT TERM INVESTMENTS — 6.3% | ||||||||
UNITED STATES — 6.3% | ||||||||
MONEY MARKET FUNDS — 6.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (g)(h) | 28,727,164 | 28,727,164 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (h)(i) | 453,970 | 453,970 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $29,181,134) | 29,181,134 | |||||||
TOTAL INVESTMENTS — 106.0% | ||||||||
(Cost $589,096,249) | 490,017,610 | |||||||
OTHER ASSETS & LIABILITIES — (6.0)% | (27,690,876 | ) | ||||||
NET ASSETS — 100.0% | $ | 462,326,734 | ||||||
See accompanying notes to financial statements.
345
SPDR S&P Emerging Markets Small Cap ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
(a) | Non-income producing security | |||||
(b) | A portion of the security was on loan at March 31, 2015. | |||||
(c) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 3 inputs (see accompanying Notes to Schedules of Investments). | |||||
(d) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees (see accompanying Notes to Schedules of Investments). | |||||
(e) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.4% of net assets as of March 31, 2015, are 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
NVDR = Non Voting Depositary Receipt
OJSC = Open Joint Stock Company
PCL = Public Company Limited
PJSC = Public Joint Stock Company
PLC = Public Limited Company
REIC = Real Estate Investment Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
346
SPDR Dow Jones Global Real Estate ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AUSTRALIA — 5.4% | ||||||||
Astro Japan Property Group | 122,231 | $ | 466,892 | |||||
BGP Holdings PLC (a)(b) | 1,313,937 | 0 | ||||||
BWP Trust | 960,675 | 2,201,723 | ||||||
Charter Hall Retail REIT | 607,812 | 1,992,010 | ||||||
Dexus Property Group | 1,791,629 | 10,374,861 | ||||||
Goodman Group | 3,065,164 | 14,869,366 | ||||||
GPT Group | 3,464,390 | 12,095,059 | ||||||
Investa Office Fund | 1,201,501 | 3,579,759 | ||||||
Novion Property Group | 4,687,341 | 8,988,046 | ||||||
Scentre Group | 10,468,210 | 29,909,491 | ||||||
Westfield Corp. | 3,758,292 | 27,419,459 | ||||||
111,896,666 | ||||||||
AUSTRIA — 0.6% | ||||||||
Atrium European Real Estate, Ltd. (a) | 240,348 | 1,123,140 | ||||||
BUWOG AG (a) | 101,030 | 2,073,553 | ||||||
CA Immobilien Anlagen AG (a)(c) | 160,681 | 3,013,096 | ||||||
IMMOFINANZ AG (a)(c) | 2,096,632 | 6,163,127 | ||||||
12,372,916 | ||||||||
BELGIUM — 0.3% | ||||||||
Befimmo SA | 36,975 | 2,509,744 | ||||||
Cofinimmo SA | 33,933 | 3,977,866 | ||||||
6,487,610 | ||||||||
BRAZIL — 0.2% | ||||||||
BR Malls Participacoes SA | 902,126 | 4,781,457 | ||||||
CANADA — 4.3% | ||||||||
Artis REIT | 132,204 | 1,563,692 | ||||||
Boardwalk REIT | 51,311 | 2,388,301 | ||||||
Brookfield Asset Management, Inc. (Class A) | 1,129,391 | 60,406,590 | ||||||
Calloway REIT | 133,073 | 3,057,579 | ||||||
Canadian Apartment Properties REIT | 109,716 | 2,529,575 | ||||||
Canadian REIT | 70,897 | 2,603,569 | ||||||
Chartwell Retirement Residences | 172,056 | 1,679,125 | ||||||
Crombie Real Estate Investment Trust | 128,234 | 1,364,859 | ||||||
First Capital Realty, Inc. (c) | 198,915 | 3,098,771 | ||||||
H&R REIT | 268,189 | 4,940,268 | ||||||
RioCan REIT | 302,691 | 6,923,773 | ||||||
90,556,102 | ||||||||
CHINA — 1.1% | ||||||||
Hongkong Land Holdings, Ltd. | 2,312,000 | 17,455,600 | ||||||
Kerry Properties, Ltd. | 1,408,635 | 4,896,488 | ||||||
22,352,088 | ||||||||
FRANCE — 4.5% | ||||||||
Fonciere Des Regions (d)(e) | 89,975 | 8,906,675 | ||||||
Fonciere Des Regions (a)(c)(e) | 5,325 | 513,285 | ||||||
Gecina SA | 71,073 | 9,606,430 | ||||||
Klepierre | 410,438 | 20,140,621 | ||||||
Mercialys SA REIT | 110,748 | 2,811,225 | ||||||
Unibail-Rodamco SE | 192,795 | 51,982,855 | ||||||
93,961,091 | ||||||||
HONG KONG — 3.2% | ||||||||
Champion REIT | 5,166,462 | 2,458,935 | ||||||
Hang Lung Group, Ltd. | 1,815,996 | 8,280,026 | ||||||
Hang Lung Properties, Ltd. | 4,497,018 | 12,644,700 | ||||||
Hysan Development Co., Ltd. | 1,379,731 | 6,050,632 | ||||||
Link REIT | 4,505,682 | 27,778,952 | ||||||
Prosperity REIT | 2,534,000 | 921,686 | ||||||
Wheelock & Co., Ltd. | 1,597,016 | 8,167,326 | ||||||
66,302,257 | ||||||||
ITALY — 0.1% | ||||||||
Beni Stabili SpA (c) | 1,878,448 | 1,472,740 | ||||||
Immobiliare Grande Distribuzione SpA | 592,487 | 591,788 | ||||||
2,064,528 | ||||||||
JAPAN — 8.8% | ||||||||
Activia Properties, Inc. | 501 | 4,382,314 | ||||||
Aeon Mall Co., Ltd. | 231,100 | 4,586,350 | ||||||
Daibiru Corp. | 117,500 | 1,214,926 | ||||||
Daiwa Office Investment Corp. (c) | 558 | 3,015,084 | ||||||
Frontier Real Estate Investment Corp. | 914 | 4,351,837 | ||||||
Fukuoka REIT Corp. | 1,215 | 2,269,418 | ||||||
Global One Real Estate Investment Corp. | 381 | 1,315,272 | ||||||
Hankyu REIT, Inc. | 1,059 | 1,337,824 | ||||||
Heiwa Real Estate Co., Ltd. | 74,400 | 1,047,214 | ||||||
Hoshino Resorts REIT, Inc. | 83 | 1,018,770 | ||||||
Hulic Co., Ltd. (c) | 760,400 | 8,566,191 | ||||||
Hulic Reit, Inc. (c) | 1,505 | 2,315,385 | ||||||
Japan Excellent, Inc. | 2,445 | 3,194,759 | ||||||
Japan Prime Realty Investment Corp. | 1,637 | 5,644,357 | ||||||
Japan Real Estate Investment Corp. | 2,461 | 11,594,455 | ||||||
Japan Retail Fund Investment Corp. | 4,765 | 9,480,334 | ||||||
Kenedix Office Investment Corp. | 765 | 4,197,373 | ||||||
Kenedix Residential Investment Corp. (c) | 699 | 2,171,169 | ||||||
Mitsui Fudosan Co., Ltd. | 1,954,000 | 57,507,967 | ||||||
Mori Hills REIT Investment Corp. | 2,338 | 3,300,591 | ||||||
Mori Trust Sogo REIT, Inc. | 2,049 | 4,247,500 | ||||||
Nippon Building Fund, Inc. | 2,779 | 13,671,962 | ||||||
Nomura Real Estate Office Fund, Inc. | 746 | 3,626,583 | ||||||
NTT Urban Development Corp. | 217,900 | 2,183,997 | ||||||
Orix JREIT, Inc. | 4,367 | 6,263,281 | ||||||
Premier Investment Corp. (c) | 455 | 2,621,680 | ||||||
Tokyu Fudosan Holdings Corp. | 1,012,100 | 6,920,342 | ||||||
Tokyu REIT, Inc. | 1,829 | 2,374,612 | ||||||
Top REIT, Inc. | 352 | 1,466,116 | ||||||
United Urban Investment Corp. | 5,241 | 8,176,703 | ||||||
184,064,366 | ||||||||
NETHERLANDS — 0.5% | ||||||||
Eurocommercial Properties NV | 85,827 | 3,931,860 | ||||||
VastNed Retail NV | 37,809 | 1,851,469 | ||||||
Wereldhave NV | 68,609 | 4,605,378 | ||||||
10,388,707 | ||||||||
NEW ZEALAND — 0.3% | ||||||||
Argosy Property, Ltd. | 1,573,210 | 1,344,915 |
See accompanying notes to financial statements.
347
SPDR Dow Jones Global Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Goodman Property Trust | 2,026,152 | $ | 1,815,697 | |||||
Kiwi Income Property Group, Ltd. | 2,217,422 | 2,153,384 | ||||||
Precinct Properties New Zealand, Ltd. (c) | 1,927,884 | 1,698,722 | ||||||
7,012,718 | ||||||||
PHILIPPINES — 0.9% | ||||||||
Ayala Land, Inc. | 11,521,300 | 9,923,267 | ||||||
SM Prime Holdings, Inc. | 19,272,100 | 8,614,241 | ||||||
18,537,508 | ||||||||
SINGAPORE — 3.1% | ||||||||
Ascendas REIT | 4,044,169 | 7,636,070 | ||||||
Cambridge Industrial Trust | 2,384,871 | 1,234,423 | ||||||
CapitaCommercial Trust (c) | 4,099,282 | 5,274,647 | ||||||
CapitaLand, Ltd. (c) | 5,119,900 | 13,362,428 | ||||||
CapitaMall Trust | 5,135,260 | 8,236,183 | ||||||
Frasers Commercial Trust | 972,583 | 1,063,552 | ||||||
Global Logistic Properties, Ltd. | 6,082,300 | 11,750,452 | ||||||
Guocoland, Ltd. (c) | 606,799 | 805,114 | ||||||
Keppel REIT (c) | 3,416,600 | 2,988,933 | ||||||
Mapletree Logistics Trust | 2,944,473 | 2,672,501 | ||||||
Starhill Global REIT | 2,777,524 | 1,690,772 | ||||||
Suntec REIT (c) | 4,947,274 | 6,690,379 | ||||||
United Industrial Corp., Ltd. | 391,979 | 980,162 | ||||||
64,385,616 | ||||||||
SOUTH AFRICA — 0.7% | ||||||||
Capital Property Fund (a) | 3,054,591 | 3,529,497 | ||||||
Fountainhead Property Trust | 1,013,489 | 861,565 | ||||||
Growthpoint Properties, Ltd. REIT | 3,476,618 | 8,226,525 | ||||||
SA Corporate Real Estate Fund Nominees Pty, Ltd. | 2,918,371 | 1,180,235 | ||||||
13,797,822 | ||||||||
SPAIN — 0.0% (d) | ||||||||
Martinsa-Fadesa SA (a)(b) | 178 | 0 | ||||||
SWEDEN — 0.9% | ||||||||
Castellum AB | 341,831 | 5,164,694 | ||||||
Fabege AB (c) | 275,167 | 3,950,078 | ||||||
Great Portland Estates PLC | 680,068 | 8,192,593 | ||||||
Kungsleden AB | 318,622 | 2,466,129 | ||||||
19,773,494 | ||||||||
SWITZERLAND — 0.8% | ||||||||
PSP Swiss Property AG (a) | 76,154 | 7,185,745 | ||||||
Swiss Prime Site AG (a) | 118,796 | 10,334,873 | ||||||
17,520,618 | ||||||||
THAILAND — 0.2% | ||||||||
Central Pattana PCL NVDR | 2,703,040 | 3,551,166 | ||||||
UNITED KINGDOM — 5.9% | ||||||||
Big Yellow Group PLC | 297,313 | 2,857,816 | ||||||
British Land Co. PLC | 2,011,501 | 24,859,078 | ||||||
Capital & Counties Properties PLC | 1,469,988 | 8,746,253 | ||||||
Derwent London PLC | 211,389 | 10,744,758 | ||||||
Grainger PLC | 829,337 | 2,539,866 | ||||||
Hammerson PLC | 1,540,962 | 15,212,272 | ||||||
Intu Properties PLC | 1,853,713 | 9,576,399 | ||||||
Land Securities Group PLC | 1,574,484 | 29,286,659 | ||||||
Segro PLC | 1,467,589 | 9,082,739 | ||||||
Shaftesbury PLC | 549,212 | 6,771,115 | ||||||
Workspace Group PLC | 235,526 | 2,987,662 | ||||||
122,664,617 | ||||||||
UNITED STATES — 57.9% | ||||||||
Acadia Realty Trust | 133,430 | 4,654,038 | ||||||
Alexandria Real Estate Equities, Inc. | 141,505 | 13,873,150 | ||||||
American Campus Communities, Inc. | 220,121 | 9,436,587 | ||||||
American Homes 4 Rent (Class A) | 278,201 | 4,604,227 | ||||||
Apartment Investment & Management Co. (Class A) | 306,212 | 12,052,504 | ||||||
Ashford Hospitality Prime, Inc. | 44,916 | 753,241 | ||||||
Ashford Hospitality Trust, Inc. | 173,130 | 1,665,511 | ||||||
Associated Estates Realty Corp. | 114,824 | 2,833,856 | ||||||
AvalonBay Communities, Inc. | 259,642 | 45,242,618 | ||||||
BioMed Realty Trust, Inc. | 392,538 | 8,894,911 | ||||||
Boston Properties, Inc. | 301,249 | 42,319,460 | ||||||
Brandywine Realty Trust | 354,317 | 5,661,986 | ||||||
Brixmor Property Group, Inc. | 268,309 | 7,123,604 | ||||||
Camden Property Trust | 170,340 | 13,308,664 | ||||||
CBL & Associates Properties, Inc. | 336,538 | 6,663,452 | ||||||
Cedar Realty Trust, Inc. | 139,405 | 1,044,143 | ||||||
Columbia Property Trust, Inc. | 247,025 | 6,674,615 | ||||||
Corporate Office Properties Trust | 182,725 | 5,368,461 | ||||||
Cousins Properties, Inc. | 410,927 | 4,355,826 | ||||||
CubeSmart | 323,170 | 7,804,555 | ||||||
DCT Industrial Trust, Inc. | 174,049 | 6,032,538 | ||||||
DDR Corp. (c) | 588,183 | 10,951,967 | ||||||
DiamondRock Hospitality Co. | 394,964 | 5,580,841 | ||||||
Digital Realty Trust, Inc. (c) | 266,281 | 17,563,895 | ||||||
Douglas Emmett, Inc. | 269,474 | 8,033,020 | ||||||
Duke Realty Corp. | 681,069 | 14,826,872 | ||||||
DuPont Fabros Technology, Inc. (c) | 131,045 | 4,282,551 | ||||||
EastGroup Properties, Inc. | 63,539 | 3,821,235 | ||||||
Education Realty Trust, Inc. | 94,166 | 3,331,593 | ||||||
Equity Commonwealth (a) | 254,781 | 6,764,436 | ||||||
Equity Lifestyle Properties, Inc. | 157,701 | 8,665,670 | ||||||
Equity One, Inc. | 154,020 | 4,110,794 | ||||||
Equity Residential | 715,469 | 55,706,416 | ||||||
Essex Property Trust, Inc. | 128,013 | 29,430,189 | ||||||
Extra Space Storage, Inc. | 217,209 | 14,676,812 | ||||||
Federal Realty Investment Trust (c) | 134,899 | 19,858,482 | ||||||
FelCor Lodging Trust, Inc. | 220,171 | 2,529,765 | ||||||
First Industrial Realty Trust, Inc. | 216,617 | 4,642,102 | ||||||
First Potomac Realty Trust | 116,733 | 1,387,955 | ||||||
Forest City Enterprises, Inc. (Class A) (a) | 331,928 | 8,470,803 | ||||||
Franklin Street Properties Corp. | 180,365 | 2,312,279 | ||||||
General Growth Properties, Inc. | 1,235,445 | 36,507,400 | ||||||
HCP, Inc. | 905,984 | 39,147,569 | ||||||
Health Care REIT, Inc. | 688,498 | 53,262,205 | ||||||
Healthcare Realty Trust, Inc. | 194,979 | 5,416,517 | ||||||
Hersha Hospitality Trust | 393,645 | 2,546,883 | ||||||
Highwoods Properties, Inc. | 181,642 | 8,315,571 | ||||||
Home Properties, Inc. | 113,438 | 7,860,119 | ||||||
Hospitality Properties Trust | 296,556 | 9,783,382 | ||||||
Host Hotels & Resorts, Inc. | 1,489,443 | 30,056,960 | ||||||
Inland Real Estate Corp. | 173,864 | 1,858,606 | ||||||
Kilroy Realty Corp. | 169,655 | 12,922,621 | ||||||
Kimco Realty Corp. | 810,920 | 21,773,202 |
See accompanying notes to financial statements.
348
SPDR Dow Jones Global Real Estate ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Kite Realty Group Trust | 163,574 | $ | 4,607,880 | |||||
LaSalle Hotel Properties | 220,982 | 8,587,361 | ||||||
Liberty Property Trust | 293,937 | 10,493,551 | ||||||
LTC Properties, Inc. | 69,849 | 3,213,054 | ||||||
Macerich Co. | 276,763 | 23,339,424 | ||||||
Mack-Cali Realty Corp. | 167,956 | 3,238,192 | ||||||
Mid-America Apartment Communities, Inc. | 148,889 | 11,504,653 | ||||||
New York REIT, Inc. (c) | 324,687 | 3,402,720 | ||||||
Parkway Properties, Inc. | 166,496 | 2,888,706 | ||||||
Pebblebrook Hotel Trust | 141,207 | 6,576,010 | ||||||
Pennsylvania Real Estate Investment Trust | 137,957 | 3,204,741 | ||||||
Piedmont Office Realty Trust, Inc. (Class A) | 304,979 | 5,675,659 | ||||||
Post Properties, Inc. | 107,680 | 6,130,222 | ||||||
ProLogis, Inc. | 1,006,900 | 43,860,564 | ||||||
PS Business Parks, Inc. | 38,892 | 3,229,592 | ||||||
Public Storage | 285,943 | 56,370,803 | ||||||
Ramco-Gershenson Properties Trust | 152,587 | 2,838,118 | ||||||
Regency Centers Corp. | 185,707 | 12,635,504 | ||||||
Rexford Industrial Realty, Inc. | 106,566 | 1,684,808 | ||||||
Rouse Properties, Inc. (c) | 68,633 | 1,301,282 | ||||||
Saul Centers, Inc. | 22,604 | 1,292,949 | ||||||
Senior Housing Properties Trust | 462,941 | 10,272,661 | ||||||
Silver Bay Realty Trust Corp. | 74,549 | 1,204,712 | ||||||
Simon Property Group, Inc. | 612,437 | 119,817,175 | ||||||
SL Green Realty Corp. | 193,883 | 24,890,700 | ||||||
Sovran Self Storage, Inc. | 69,680 | 6,545,739 | ||||||
Strategic Hotels & Resorts, Inc. (a) | 540,858 | 6,722,865 | ||||||
Sun Communities, Inc. | 99,604 | 6,645,579 | ||||||
Sunstone Hotel Investors, Inc. | 408,306 | 6,806,461 | ||||||
Tanger Factory Outlet Centers, Inc. | 185,211 | 6,513,871 | ||||||
Taubman Centers, Inc. | 125,299 | 9,664,312 | ||||||
UDR, Inc. | 508,630 | 17,308,679 | ||||||
Universal Health Realty Income Trust | 25,555 | 1,437,469 | ||||||
Urban Edge Properties | 173,239 | 4,105,764 | ||||||
Ventas, Inc. (c) | 650,392 | 47,491,624 | ||||||
Vornado Realty Trust | 343,576 | 38,480,512 | ||||||
Washington Real Estate Investment Trust (c) | 133,683 | 3,693,661 | ||||||
Weingarten Realty Investors | 222,432 | 8,003,103 | ||||||
WP GLIMCHER, Inc. | 365,952 | 6,085,782 | ||||||
1,208,533,121 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $1,813,559,480) | 2,081,004,468 | |||||||
RIGHTS — 0.0% (d) | ||||||||
NEW ZEALAND — 0.0% (d) | ||||||||
Precinct Properties New Zealand, Ltd. (expired 3/18/15) (a) (Cost $0) | 230,235 | 4,316 | ||||||
SHORT TERM INVESTMENTS — 1.7% | ||||||||
UNITED STATES — 1.7% | ||||||||
MONEY MARKET FUNDS — 1.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (f)(g) | 23,964,755 | 23,964,755 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (g)(h) | 12,180,544 | 12,180,544 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $36,145,299) | 36,145,299 | |||||||
TOTAL INVESTMENTS — 101.4% | ||||||||
(Cost $1,849,704,779) | 2,117,154,083 | |||||||
OTHER ASSETS & LIABILITIES — (1.4)% | (28,705,127 | ) | ||||||
NET ASSETS — 100.0% | $ | 2,088,448,956 | ||||||
(a) | Non-income producing security | |||||
(b) | Securities are valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Securities’ values are determined based on Level 2 inputs (Note 2). | |||||
(c) | A portion of the security was on loan at March 31, 2015. | |||||
(d) | Amount shown represents less than 0.05% of net assets. | |||||
(e) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(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. |
NVDR = Non Voting Depositary Receipt
PCL = Public Company Limited
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
349
SPDR S&P International Consumer Discretionary Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.5% | ||||||||
AUSTRALIA — 2.0% | ||||||||
Aristocrat Leisure, Ltd. | 9,121 | $ | 58,740 | |||||
Automotive Holdings Group, Ltd. | 11,117 | 35,670 | ||||||
Crown Resorts, Ltd. (a) | 8,162 | 83,367 | ||||||
Fairfax Media, Ltd. | 38,447 | 28,050 | ||||||
Tatts Group, Ltd. | 24,050 | 73,124 | ||||||
278,951 | ||||||||
BELGIUM — 0.2% | ||||||||
S.A. D’Ieteren NV | 803 | 28,132 | ||||||
CANADA — 4.8% | ||||||||
Amaya, Inc. (a)(b) | 676 | 15,852 | ||||||
Canadian Tire Corp., Ltd. (Class A) | 1,102 | 112,271 | ||||||
Gildan Activewear, Inc. | 2,676 | 78,896 | ||||||
Magna International, Inc. | 3,964 | 211,925 | ||||||
Restaurant Brands International, Inc. | 651 | 24,961 | ||||||
Shaw Communications, Inc. (Class B) (a) | 3,650 | 81,905 | ||||||
Thomson Reuters Corp. | 3,651 | 148,029 | ||||||
673,839 | ||||||||
DENMARK — 0.4% | ||||||||
Pandora A/S | 641 | 58,378 | ||||||
FINLAND — 0.3% | ||||||||
Nokian Renkaat Oyj (a) | 979 | 29,283 | ||||||
Sanoma Oyj | 2,489 | 13,713 | ||||||
42,996 | ||||||||
FRANCE — 9.6% | ||||||||
Accor SA | 1,461 | 76,227 | ||||||
Christian Dior SE | 330 | 62,289 | ||||||
Compagnie Generale des Etablissements Michelin | 1,458 | 145,017 | ||||||
Havas SA | 5,997 | 45,472 | ||||||
Hermes International | 262 | 92,408 | ||||||
Kering | 617 | 120,471 | ||||||
Lagardere SCA | 1,137 | 34,119 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 1,611 | 284,015 | ||||||
Peugeot SA (b) | 4,116 | 68,917 | ||||||
Publicis Groupe SA | 941 | 72,594 | ||||||
Renault SA | 1,381 | 125,730 | ||||||
Sodexo SA | 1,028 | 100,239 | ||||||
Valeo SA | 525 | 78,403 | ||||||
Vivendi SA | 1,500 | 37,254 | ||||||
1,343,155 | ||||||||
GERMANY — 11.9% | ||||||||
adidas AG | 1,616 | 127,895 | ||||||
Bayerische Motoren Werke AG | 2,296 | 287,154 | ||||||
Continental AG | 472 | 111,676 | ||||||
Daimler AG | 5,865 | 565,210 | ||||||
Kabel Deutschland Holding AG (b) | 264 | 34,308 | ||||||
Porsche Automobil Holding SE Preference Shares | 678 | 66,606 | ||||||
ProSiebenSat.1 Media AG | 1,013 | 49,725 | ||||||
TUI AG | 5,611 | 98,872 | ||||||
Volkswagen AG | 323 | 83,274 | ||||||
Volkswagen AG Preference Shares | 902 | 240,104 | ||||||
1,664,824 | ||||||||
HONG KONG — 3.1% | ||||||||
Esprit Holdings, Ltd. (a) | 11,382 | 11,554 | ||||||
Fairwood Holdings, Ltd. | 14,000 | 36,476 | ||||||
Galaxy Entertainment Group, Ltd. | 14,000 | 63,743 | ||||||
Giordano International, Ltd. | 70,000 | 34,219 | ||||||
Global Brands Group Holding, Ltd. (b) | 54,000 | 10,587 | ||||||
Li & Fung, Ltd. | 54,000 | 52,725 | ||||||
Pico Far East Holdings, Ltd. | 94,000 | 21,702 | ||||||
Sands China, Ltd. | 20,800 | 86,118 | ||||||
Shangri-La Asia, Ltd. | 14,500 | 19,937 | ||||||
SJM Holdings, Ltd. (a) | 21,000 | 27,465 | ||||||
Techtronic Industries Co., Ltd. | 13,500 | 45,621 | ||||||
Wynn Macau, Ltd. (a) | 13,600 | 29,434 | ||||||
439,581 | ||||||||
IRELAND — 0.2% | ||||||||
Paddy Power PLC | 259 | 22,173 | ||||||
ITALY — 0.9% | ||||||||
Gtech Spa (a) | 2,099 | 41,592 | ||||||
Mediaset SpA (b) | 7,178 | 32,795 | ||||||
Pirelli & C. SpA | 3,066 | 50,908 | ||||||
125,295 | ||||||||
JAPAN — 35.6% | ||||||||
Aisin Seiki Co., Ltd. | 2,000 | 72,712 | ||||||
Aoyama Trading Co., Ltd. | 1,900 | 62,026 | ||||||
Asics Corp. | 700 | 19,087 | ||||||
Bandai Namco Holdings, Inc. | 3,400 | 66,285 | ||||||
Benesse Holdings, Inc. | 1,400 | 44,128 | ||||||
Bookoff Corp. | 1,300 | 9,691 | ||||||
Bridgestone Corp. | 5,500 | 220,871 | ||||||
Can Do Co., Ltd. (a) | 700 | 9,187 | ||||||
Casio Computer Co., Ltd. (a) | 3,400 | 64,612 | ||||||
Denso Corp. | 2,700 | 123,445 | ||||||
Dentsu, Inc. | 2,700 | 115,947 | ||||||
Fast Retailing Co., Ltd. (a) | 588 | 227,968 | ||||||
Fuji Corp., Ltd. (a) | 2,700 | 14,949 | ||||||
Fuji Heavy Industries, Ltd. | 6,400 | 212,986 | ||||||
GLOBERIDE, Inc. | 7,000 | 11,207 | ||||||
Gunze, Ltd. | 13,000 | 34,797 | ||||||
Haseko Corp. | 1,500 | 14,659 | ||||||
Honda Motor Co., Ltd. | 9,400 | 305,926 | ||||||
Isetan Mitsukoshi Holdings, Ltd. | 4,500 | 74,597 | ||||||
Isuzu Motors, Ltd. | 7,000 | 93,246 | ||||||
Kappa Create Holdings Co., Ltd. (a)(b) | 700 | 6,590 | ||||||
Kojima Co., Ltd. | 8,900 | 24,861 | ||||||
Konaka Co., Ltd. | 5,100 | 31,470 | ||||||
KU Holdings Co., Ltd. | 6,700 | 38,940 | ||||||
Kyoritsu Maintenance Co., Ltd. (a) | 360 | 17,261 | ||||||
Kyoto Kimono Yuzen Co., Ltd. (a) | 3,000 | 24,991 | ||||||
Mazda Motor Corp. | 3,100 | 63,047 | ||||||
Mitsubishi Motors Corp. (a) | 2,700 | 24,428 | ||||||
NGK Spark Plug Co., Ltd. | 1,000 | 26,933 | ||||||
Nikon Corp. (a) | 3,400 | 45,645 | ||||||
Nissan Motor Co., Ltd. | 13,400 | 136,765 | ||||||
Oriental Land Co., Ltd. (a) | 2,800 | 212,349 | ||||||
Otsuka Kagu, Ltd. | 2,500 | 31,270 | ||||||
Panasonic Corp. (a) | 11,900 | 156,484 | ||||||
Pioneer Corp. (a)(b) | 2,800 | 5,113 | ||||||
Rakuten, Inc. | 5,500 | 97,159 |
See accompanying notes to financial statements.
350
SPDR S&P International Consumer Discretionary Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Resorttrust, Inc. (a) | 3,500 | $ | 91,349 | |||||
Ringer Hut Co., Ltd. | 1,000 | 17,786 | ||||||
Sanrio Co., Ltd. (a) | 300 | 8,043 | ||||||
Sanyo Housing Nagoya Co., Ltd. | 1,500 | 15,510 | ||||||
Sega Sammy Holdings, Inc. (a) | 600 | 8,775 | ||||||
Sekisui Chemical Co., Ltd. | 7,000 | 90,999 | ||||||
Sekisui House, Ltd. | 7,000 | 101,884 | ||||||
Sharp Corp. (a)(b) | 7,000 | 13,717 | ||||||
Shimano, Inc. | 1,300 | 193,821 | ||||||
Sony Corp. (b) | 6,200 | 164,920 | ||||||
Stanley Electric Co., Ltd. | 2,100 | 47,577 | ||||||
Suminoe Textile Co., Ltd. | 6,000 | 15,360 | ||||||
Sumitomo Forestry Co., Ltd. | 5,900 | 64,596 | ||||||
Suzuki Motor Corp. | 3,100 | 93,381 | ||||||
Toyota Industries Corp. | 1,700 | 97,528 | ||||||
Toyota Motor Corp. (a) | 16,400 | 1,146,393 | ||||||
Yamada Denki Co., Ltd. (a) | 8,700 | 35,910 | ||||||
Yamaha Motor Co., Ltd. | 1,400 | 33,878 | ||||||
4,983,059 | ||||||||
LUXEMBOURG — 0.6% | ||||||||
SES SA | 2,489 | 88,001 | ||||||
NETHERLANDS — 3.0% | ||||||||
Fiat Chrysler Automobiles NV (b) | 6,756 | 109,928 | ||||||
Reed Elsevier NV | 7,131 | 177,605 | ||||||
Wolters Kluwer NV | 3,981 | 129,978 | ||||||
417,511 | ||||||||
NORWAY — 0.4% | ||||||||
Schibsted ASA | 909 | 52,696 | ||||||
SINGAPORE — 0.7% | ||||||||
Genting Singapore PLC (a) | 41,900 | 28,102 | ||||||
Singapore Press Holdings, Ltd. (a) | 21,000 | 64,147 | ||||||
92,249 | ||||||||
SOUTH KOREA — 4.3% | ||||||||
Cheil Worldwide, Inc. (b) | 1,044 | 22,631 | ||||||
Coway Co., Ltd. | 341 | 28,123 | ||||||
Credu Corp. | 154 | 7,676 | ||||||
Fila Korea, Ltd. | 90 | 8,761 | ||||||
Hanil E-Hwa Co., Ltd. | 518 | 7,400 | ||||||
Hankook Tire Co., Ltd. | 882 | 36,053 | ||||||
Hotel Shilla Co., Ltd. | 139 | 12,266 | ||||||
Hyundai Department Store Co., Ltd. | 48 | 6,447 | ||||||
Hyundai Engineering Plastics Co., Ltd. | 1,247 | 10,093 | ||||||
Hyundai Mobis Co., Ltd. | 472 | 104,870 | ||||||
Hyundai Motor Co. | 1,327 | 201,541 | ||||||
Hyundai Wia Corp. | 51 | 6,505 | ||||||
Kia Motors Corp. | 1,920 | 78,223 | ||||||
LG Electronics, Inc. | 569 | 30,208 | ||||||
Lotte Shopping Co., Ltd. | 76 | 16,269 | ||||||
Seoyeon Co., Ltd. | 748 | 10,585 | ||||||
Toray Chemical Korea, Inc. (b) | 948 | 16,705 | ||||||
604,356 | ||||||||
SPAIN — 1.7% | ||||||||
Inditex SA | 6,777 | 217,481 | ||||||
NH Hotel Group SA (b) | 3,634 | 19,866 | ||||||
237,347 | ||||||||
SWEDEN — 2.4% | ||||||||
Electrolux AB (Series B) (a) | 3,379 | 96,856 | ||||||
Hennes & Mauritz AB (Class B) | 5,842 | 236,754 | ||||||
333,610 | ||||||||
SWITZERLAND — 2.8% | ||||||||
Cie Financiere Richemont SA | 3,200 | 257,963 | ||||||
Swatch Group AG | 302 | 128,132 | ||||||
386,095 | ||||||||
UNITED KINGDOM — 14.6% | ||||||||
Burberry Group PLC | 3,676 | 94,570 | ||||||
Carnival PLC | 1,850 | 90,519 | ||||||
Compass Group PLC | 13,268 | 230,841 | ||||||
GKN PLC | 12,781 | 68,039 | ||||||
Home Retail Group PLC | 10,200 | 24,984 | ||||||
Informa PLC | 7,047 | 59,054 | ||||||
ITV PLC | 30,079 | 112,926 | ||||||
Kingfisher PLC | 24,687 | 139,482 | ||||||
Marks & Spencer Group PLC | 13,241 | 105,161 | ||||||
Next PLC | 1,886 | 196,684 | ||||||
Ocado Group PLC (a)(b) | 2,353 | 12,358 | ||||||
Pearson PLC | 7,875 | 169,628 | ||||||
Reed Elsevier PLC | 9,661 | 166,221 | ||||||
Sky PLC | 9,241 | 136,223 | ||||||
Thomas Cook Group PLC (b) | 6,096 | 13,185 | ||||||
Whitbread PLC | 2,541 | 197,848 | ||||||
WPP PLC | 9,619 | 218,618 | ||||||
2,036,341 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $13,322,583) | 13,908,589 | |||||||
WARRANTS — 0.1% | ||||||||
FRANCE — 0.1% | ||||||||
Peugeot SA (expiring 4/29/17) (a)(b) (Cost $7,744) | 3,417 | 11,784 | ||||||
SHORT TERM INVESTMENTS — 13.4% | ||||||||
UNITED STATES — 13.4% | ||||||||
MONEY MARKET FUNDS — 13.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 1,849,734 | 1,849,734 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (d)(e) | 26,318 | 26,318 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $1,876,052) | 1,876,052 | |||||||
TOTAL INVESTMENTS — 113.0% | ||||||||
(Cost $15,206,379) | 15,796,425 | |||||||
OTHER ASSETS & LIABILITIES — (13.0)% | (1,811,385 | ) | ||||||
NET ASSETS — 100.0% | $ | 13,985,040 | ||||||
See accompanying notes to financial statements.
351
SPDR S&P International Consumer Discretionary Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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
SCA = Societe en Commandite par Actions (partnership limited by shares)
See accompanying notes to financial statements.
352
SPDR S&P International Consumer Staples Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.3% | ||||||||
AUSTRALIA — 4.8% | ||||||||
Coca-Cola Amatil, Ltd. (a) | 13,064 | $ | 107,587 | |||||
Treasury Wine Estates, Ltd. | 16,244 | 63,537 | ||||||
Wesfarmers, Ltd. | 25,806 | 866,649 | ||||||
Woolworths, Ltd. (a) | 27,082 | 610,128 | ||||||
1,647,901 | ||||||||
BELGIUM — 6.7% | ||||||||
Anheuser-Busch InBev NV | 16,769 | 2,049,527 | ||||||
Anheuser-Busch InBev NV VVPR Strip (b)(c) | 2,040 | 0 | ||||||
Delhaize Group | 2,662 | 239,354 | ||||||
2,288,881 | ||||||||
CANADA — 2.8% | ||||||||
AGT Food & Ingredients, Inc. | 323 | 6,911 | ||||||
Alimentation Couche-Tard, Inc. (Class B) | 7,781 | 310,073 | ||||||
Clearwater Seafoods, Inc. | 671 | 7,338 | ||||||
Cott Corp. | 617 | 5,768 | ||||||
Empire Co., Ltd. (Class A) | 385 | 26,845 | ||||||
High Liner Foods, Inc. | 273 | 5,264 | ||||||
Jean Coutu Group PJC, Inc. (Class A) | 555 | 11,863 | ||||||
KP Tissue, Inc. | 1,235 | 15,846 | ||||||
Liquor Stores NA, Ltd. (a) | 230 | 2,644 | ||||||
Loblaw Cos., Ltd. (a) | 6,784 | 331,674 | ||||||
Maple Leaf Foods, Inc. (a) | 385 | 7,046 | ||||||
Metro, Inc., (Class A) | 3,378 | 91,538 | ||||||
Premium Brands Holdings Corp. (a) | 207 | 4,761 | ||||||
Saputo, Inc. | 3,211 | 88,255 | ||||||
SunOpta, Inc. (b) | 2,760 | 29,311 | ||||||
945,137 | ||||||||
DENMARK — 0.7% | ||||||||
Carlsberg A/S (Class B) | 2,933 | 242,028 | ||||||
Royal Unibrew A/S (b) | 34 | 5,699 | ||||||
247,727 | ||||||||
FINLAND — 0.4% | ||||||||
Kesko Oyj (Class B) | 3,018 | 128,908 | ||||||
FRANCE — 8.7% | ||||||||
Carrefour SA | 12,728 | 424,996 | ||||||
Casino Guichard-Perrachon SA | 1,999 | 177,186 | ||||||
Danone SA | 13,221 | 889,163 | ||||||
L’Oreal SA | 5,104 | 939,288 | ||||||
Pernod Ricard SA | 4,600 | 544,185 | ||||||
2,974,818 | ||||||||
GERMANY — 2.7% | ||||||||
Beiersdorf AG | 2,633 | 228,772 | ||||||
Henkel AG & Co. KGaA | 218 | 22,519 | ||||||
Henkel AG & Co. KGaA Preference Shares | 5,525 | 650,053 | ||||||
Metro AG | 636 | 21,582 | ||||||
922,926 | ||||||||
HONG KONG — 0.4% | ||||||||
Vitasoy International Holdings, Ltd. | 84,000 | 131,313 | ||||||
IRELAND — 1.0% | ||||||||
C&C Group PLC | 4,509 | 18,475 | ||||||
Fyffes PLC | 2,441 | 3,106 | ||||||
Glanbia PLC | 2,117 | 39,255 | ||||||
Greencore Group PLC | 12,160 | 58,198 | ||||||
Kerry Group PLC (Class A) | 3,049 | 204,664 | ||||||
Origin Enterprises PLC (b) | 535 | 4,683 | ||||||
Total Produce PLC | 4,707 | 5,662 | ||||||
334,043 | ||||||||
JAPAN — 16.8% | ||||||||
Aeon Co., Ltd. (a) | 18,605 | 204,628 | ||||||
Ain Pharmaciez, Inc. | 200 | 7,930 | ||||||
Ajinomoto Co., Inc. (a) | 15,728 | 345,511 | ||||||
Asahi Group Holdings, Ltd. | 13,382 | 425,535 | ||||||
Belc Co., Ltd. | 100 | 2,906 | ||||||
Calbee, Inc. | 1,800 | 78,349 | ||||||
Coca-Cola East Japan Co., Ltd. (a) | 1,000 | 20,430 | ||||||
Euglena Co., Ltd. (a)(b) | 1,700 | 28,011 | ||||||
Ezaki Glico Co., Ltd. | 1,000 | 40,525 | ||||||
FamilyMart Co., Ltd. | 1,600 | 67,242 | ||||||
Fuji Oil Co., Ltd. | 1,700 | 27,132 | ||||||
Fujicco Co., Ltd. | 4,000 | 64,807 | ||||||
Hokuto Corp. | 1,600 | 29,845 | ||||||
Japan Tobacco, Inc. | 21,878 | 693,328 | ||||||
Kao Corp. | 12,108 | 605,779 | ||||||
Kewpie Corp. | 3,300 | 80,460 | ||||||
KEY Coffee, Inc. | 3,300 | 49,779 | ||||||
Kikkoman Corp. | 4,000 | 127,246 | ||||||
Kirin Holdings Co., Ltd. (a) | 16,675 | 219,274 | ||||||
Kotobuki Spirits Co., Ltd. | 300 | 6,279 | ||||||
Kusuri No Aoki Co., Ltd. | 100 | 7,530 | ||||||
Lawson, Inc. | 2,924 | 203,101 | ||||||
Life Corp. | 500 | 8,751 | ||||||
Lion Corp. (a) | 16,000 | 97,661 | ||||||
Matsumotokiyoshi Holdings Co., Ltd. | 700 | 24,982 | ||||||
MEIJI Holdings Co., Ltd. | 1,600 | 195,456 | ||||||
NH Foods, Ltd. (a) | 4,000 | 92,324 | ||||||
Nichirei Corp. | 26,388 | 148,305 | ||||||
Nippon Suisan Kaisha, Ltd. | 4,400 | 13,392 | ||||||
Nisshin Seifun Group, Inc. | 600 | 7,074 | ||||||
Nissin Foods Holding Co., Ltd. | 1,600 | 78,849 | ||||||
Oenon Holdings, Inc. | 33,351 | 61,182 | ||||||
Pigeon Corp. | 800 | 67,442 | ||||||
S Foods, Inc. | 400 | 7,371 | ||||||
Sapporo Holdings, Ltd. | 1,000 | 3,969 | ||||||
Seven & i Holdings Co., Ltd. | 16,775 | 706,809 | ||||||
Shiseido Co., Ltd. (a) | 12,293 | 218,645 | ||||||
Sugi Holdings Co., Ltd. | 200 | 9,906 | ||||||
Sundrug Co., Ltd. | 200 | 10,407 | ||||||
Suntory Beverage & Food, Ltd. | 1,200 | 51,532 | ||||||
Takara Holdings, Inc. (a) | 1,500 | 10,882 | ||||||
Toyo Suisan Kaisha, Ltd. | 1,500 | 52,908 | ||||||
Tsuruha Holdings, Inc. | 100 | 7,672 | ||||||
Unicharm Corp. | 9,900 | 260,203 | ||||||
UNY Group Holdings Co., Ltd. | 13,400 | 75,199 | ||||||
Yakult Honsha Co., Ltd. (a) | 1,980 | 138,191 | ||||||
Yamazaki Baking Co., Ltd. (a) | 3,000 | 54,209 | ||||||
Yaoko Co., Ltd. | 400 | 15,009 | ||||||
5,753,957 | ||||||||
See accompanying notes to financial statements.
353
SPDR S&P International Consumer Staples Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
LUXEMBOURG — 0.0% (d) | ||||||||
Oriflame Cosmetics SA SDR (a) | 1,010 | $ | 13,527 | |||||
NETHERLANDS — 7.0% | ||||||||
Heineken NV | 5,029 | 383,643 | ||||||
Koninklijke Ahold NV | 24,619 | 485,189 | ||||||
Unilever NV (a) | 36,221 | 1,513,846 | ||||||
2,382,678 | ||||||||
NORWAY — 0.4% | ||||||||
Bakkafrost P/F | 228 | 4,937 | ||||||
Marine Harvest | 10,176 | 116,860 | ||||||
Orkla ASA | 1,078 | 8,153 | ||||||
Salmar ASA | 198 | 2,850 | ||||||
132,800 | ||||||||
PORTUGAL — 0.1% | ||||||||
Jeronimo Martins SGPS SA | 2,929 | 36,805 | ||||||
Sonae SGPS SA | 9,240 | 14,052 | ||||||
50,857 | ||||||||
SINGAPORE — 0.7% | ||||||||
Golden Agri-Resources, Ltd. (a) | 221,075 | 68,496 | ||||||
Wilmar International, Ltd. | 68,000 | 161,610 | ||||||
230,106 | ||||||||
SOUTH KOREA — 3.3% | ||||||||
Able C&C Co., Ltd. | 268 | 7,633 | ||||||
AmorePacific Corp. | 53 | 160,273 | ||||||
AmorePacific Group | 42 | 56,785 | ||||||
Binggrae Co., Ltd. | 178 | 13,188 | ||||||
CJ CheilJedang Corp. | 127 | 43,270 | ||||||
Cosmax BTI, Inc. | 70 | 3,666 | ||||||
Cosmax, Inc. | 99 | 12,180 | ||||||
Crown Confectionery Co., Ltd. | 98 | 25,970 | ||||||
Dae Han Flour Mills Co., Ltd. | 155 | 25,986 | ||||||
Daesang Corp. | 755 | 28,514 | ||||||
Dongsuh Co., Inc. | 1,531 | 42,227 | ||||||
Dongwon F&B Co., Ltd. | 8 | 2,884 | ||||||
Dongwon Industries Co., Ltd. | 60 | 18,009 | ||||||
E-Mart Co., Ltd. | 338 | 70,985 | ||||||
GS Retail Co., Ltd. | 145 | 4,365 | ||||||
Korea Kolmar Co., Ltd. | 168 | 10,327 | ||||||
Korea Kolmar Holdings Co., Ltd. | 105 | 5,044 | ||||||
KT&G Corp. | 2,341 | 187,162 | ||||||
LG Household & Health Care, Ltd. | 174 | 131,898 | ||||||
Lotte Chilsung Beverage Co., Ltd. | 4 | 6,212 | ||||||
Lotte Confectionery Co., Ltd. | 17 | 27,336 | ||||||
Lotte Food Co., Ltd. | 43 | 27,324 | ||||||
Maeil Dairy Industry Co., Ltd. | 563 | 19,842 | ||||||
Muhak Co., Ltd. (b) | 112 | 4,558 | ||||||
Namyang Dairy Products Co., Ltd. | 18 | 11,941 | ||||||
NongShim Co., Ltd. | 68 | 14,925 | ||||||
Orion Corp. | 69 | 72,019 | ||||||
Ottogi Corp. | 75 | 40,358 | ||||||
Pulmuone Co., Ltd. | 26 | 3,339 | ||||||
Sajo Industries Co., Ltd. (b) | 358 | 30,978 | ||||||
Samlip General Foods Co., Ltd. | 39 | 10,018 | ||||||
Sunjin Co., Ltd. | 97 | 2,728 | ||||||
1,121,944 | ||||||||
SPAIN — 0.5% | ||||||||
Distribuidora Internacional de Alimentacion SA | 1,705 | 13,342 | ||||||
Ebro Puleva SA | 7,799 | 145,409 | ||||||
158,751 | ||||||||
SWEDEN — 1.0% | ||||||||
ICA Gruppen AB (a) | 230 | 7,710 | ||||||
Svenska Cellulosa AB | 713 | 16,535 | ||||||
Svenska Cellulosa AB (Class B) | 6,999 | 161,259 | ||||||
Swedish Match AB | 5,402 | 158,852 | ||||||
344,356 | ||||||||
SWITZERLAND — 15.6% | ||||||||
Aryzta AG (b) | 600 | 36,909 | ||||||
Coca-Cola HBC AG (b) | 3,317 | 59,828 | ||||||
Lindt & Spruengli AG | 68 | 365,099 | ||||||
Nestle SA | 64,688 | 4,888,396 | ||||||
5,350,232 | ||||||||
UNITED KINGDOM — 25.7% | ||||||||
Associated British Foods PLC | 5,765 | 241,169 | ||||||
Booker Group PLC | 8,345 | 18,050 | ||||||
British American Tobacco PLC | 37,783 | 1,956,661 | ||||||
Diageo PLC | 51,697 | 1,427,059 | ||||||
Imperial Tobacco Group PLC | 20,889 | 918,819 | ||||||
J Sainsbury PLC (a) | 33,342 | 128,294 | ||||||
Reckitt Benckiser Group PLC | 13,811 | 1,189,142 | ||||||
SABMiller PLC | 18,276 | 960,428 | ||||||
Tate & Lyle PLC | 12,878 | 114,226 | ||||||
Tesco PLC | 163,218 | 585,996 | ||||||
Unilever PLC | 26,217 | 1,095,574 | ||||||
William Morrison Supermarkets PLC | 56,549 | 162,438 | ||||||
8,797,856 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $31,265,153) | 33,958,718 | |||||||
SHORT TERM INVESTMENTS — 6.6% | ||||||||
UNITED STATES — 6.6% | ||||||||
MONEY MARKET FUNDS — 6.6% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 2,095,983 | 2,095,983 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) | 168,191 | 168,191 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $2,264,174) | 2,264,174 | |||||||
TOTAL INVESTMENTS — 105.9% | ||||||||
(Cost $33,529,327) | 36,222,892 | |||||||
OTHER ASSETS & LIABILITIES — (5.9)% | (2,013,503 | ) | ||||||
NET ASSETS — 100.0% | $ | 34,209,389 | ||||||
See accompanying notes to financial statements.
354
SPDR S&P International Consumer Staples Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(c) | Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 3 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
SDR = Swedish Depositary Receipt
See accompanying notes to financial statements.
355
SPDR S&P International Energy Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.7% | ||||||||
AUSTRALIA — 4.3% | ||||||||
Beach Energy, Ltd. | 28,239 | $ | 21,897 | |||||
Caltex Australia, Ltd. | 3,088 | 82,450 | ||||||
Karoon Gas Australia, Ltd. (a)(b) | 3,638 | 6,003 | ||||||
Origin Energy, Ltd. | 29,282 | 253,005 | ||||||
Paladin Energy, Ltd. (a)(b) | 29,876 | 8,559 | ||||||
Santos, Ltd. | 21,850 | 119,183 | ||||||
Washington H Soul Pattinson & Co., Ltd. | 2,981 | 34,365 | ||||||
Whitehaven Coal, Ltd. (a)(b) | 9,189 | 10,003 | ||||||
Woodside Petroleum, Ltd. | 16,712 | 440,722 | ||||||
WorleyParsons, Ltd. | 9,013 | 65,756 | ||||||
1,041,943 | ||||||||
AUSTRIA — 0.5% | ||||||||
OMV AG | 4,461 | 122,461 | ||||||
CANADA — 29.9% | ||||||||
AltaGas, Ltd. (b) | 2,764 | 92,228 | ||||||
ARC Resources, Ltd. (b) | 6,683 | 114,822 | ||||||
Athabasca Oil Corp. (a) | 13,291 | 22,038 | ||||||
Baytex Energy Corp. (b) | 3,715 | 58,754 | ||||||
Bonavista Energy Corp. (b) | 7,767 | 39,126 | ||||||
Bonterra Energy Corp. (b) | 750 | 20,081 | ||||||
Cameco Corp. (b) | 13,206 | 184,039 | ||||||
Canadian Natural Resources, Ltd. (b) | 26,869 | 823,572 | ||||||
Canadian Oil Sands, Ltd. | 11,125 | 86,523 | ||||||
Cenovus Energy, Inc. | 19,307 | 325,467 | ||||||
Crescent Point Energy Corp. (b) | 9,094 | 202,775 | ||||||
Enbridge Income Fund Holdings, Inc. (b) | 1,250 | 36,814 | ||||||
Enbridge, Inc. (b) | 20,280 | 977,571 | ||||||
Encana Corp. | 16,364 | 182,698 | ||||||
Enerflex, Ltd. | 1,719 | 20,848 | ||||||
Enerplus Corp. (b) | 7,343 | 74,445 | ||||||
Ensign Energy Services, Inc. (b) | 3,014 | 23,631 | ||||||
Gibson Energy, Inc. (b) | 2,872 | 58,914 | ||||||
Gran Tierra Energy, Inc. (a) | 5,463 | 14,925 | ||||||
Husky Energy, Inc. (b) | 8,318 | 169,775 | ||||||
Imperial Oil, Ltd. (b) | 5,950 | 237,483 | ||||||
Inter Pipeline, Ltd. (b) | 7,174 | 184,887 | ||||||
InterOil Corp. (a) | 867 | 40,003 | ||||||
Keyera Corp. (b) | 1,896 | 126,126 | ||||||
Lightstream Resources, Ltd. (b) | 3,783 | 2,658 | ||||||
MEG Energy Corp. (a) | 2,964 | 47,883 | ||||||
Mullen Group, Ltd. (b) | 2,263 | 35,897 | ||||||
Niko Resources, Ltd. (a)(b) | 1,487 | 587 | ||||||
Pacific Rubiales Energy Corp. (b) | 7,032 | 16,768 | ||||||
Paramount Resources, Ltd. (Class A) (a) | 1,172 | 28,872 | ||||||
Parkland Fuel Corp. (b) | 1,819 | 35,719 | ||||||
Pason Systems, Inc. | 1,500 | 23,640 | ||||||
Pembina Pipeline Corp. (b) | 7,207 | 227,733 | ||||||
Pengrowth Energy Corp. (b) | 11,736 | 35,213 | ||||||
Penn West Petroleum, Ltd. (b) | 8,814 | 14,543 | ||||||
Peyto Exploration & Development Corp. (b) | 3,071 | 82,346 | ||||||
PrairieSky Royalty, Ltd. (b) | 3,292 | 77,667 | ||||||
Precision Drilling Corp. (b) | 13,416 | 85,167 | ||||||
Secure Energy Services, Inc. | 2,592 | 33,073 | ||||||
Seven Generations Energy, Ltd. (Class A) (a) | 3,739 | 47,679 | ||||||
ShawCor, Ltd. (Class A) | 1,396 | 38,799 | ||||||
Suncor Energy, Inc. (b) | 34,364 | 1,004,194 | ||||||
Sunshine Oilsands, Ltd. (a)(b) | 52,000 | 2,113 | ||||||
Talisman Energy, Inc. (b) | 25,177 | 193,027 | ||||||
Tourmaline Oil Corp. (a) | 3,719 | 112,554 | ||||||
TransCanada Corp. (b) | 15,899 | 679,897 | ||||||
Trican Well Service, Ltd. | 6,428 | 17,510 | ||||||
Trilogy Energy Corp. (b) | 1,120 | 6,571 | ||||||
Veresen, Inc. (b) | 4,735 | 62,361 | ||||||
Vermilion Energy, Inc. (b) | 2,401 | 100,950 | ||||||
Whitecap Resources, Inc. (b) | 4,739 | 53,732 | ||||||
7,184,698 | ||||||||
CYPRUS — 0.0% (c) | ||||||||
Ocean Rig UDW, Inc. (b) | 852 | 5,615 | ||||||
FINLAND — 0.4% | ||||||||
Neste Oil Oyj (b) | 3,588 | 94,026 | ||||||
FRANCE — 11.9% | ||||||||
Bourbon SA (b) | 646 | 11,066 | ||||||
CGG SA (a)(b) | 5,886 | 33,188 | ||||||
Gaztransport Et Technigaz SA | 397 | 23,400 | ||||||
Technip SA | 2,798 | 169,395 | ||||||
Total SA (b) | 52,709 | 2,619,602 | ||||||
2,856,651 | ||||||||
HONG KONG — 0.1% | ||||||||
Brightoil Petroleum Holdings, Ltd. (a)(b) | 52,000 | 17,639 | ||||||
Sino Oil And Gas Holdings, Ltd. (a) | 370,000 | 8,495 | ||||||
Yanchang Petroleum International, Ltd. (a) | 200,000 | 7,481 | ||||||
33,615 | ||||||||
IRELAND — 0.2% | ||||||||
Dragon Oil PLC | 5,258 | 45,363 | ||||||
ISRAEL — 0.2% | ||||||||
Delek Group, Ltd. | 101 | 26,058 | ||||||
Paz Oil Co., Ltd. | 128 | 18,717 | ||||||
44,775 | ||||||||
ITALY — 4.8% | ||||||||
ENI SpA | 59,731 | 1,034,757 | ||||||
Saipem SpA (a)(b) | 6,769 | 69,028 | ||||||
Saras SpA (a) | 27,541 | 47,829 | ||||||
1,151,614 | ||||||||
JAPAN — 2.7% | ||||||||
Cosmo Oil Co., Ltd. (a)(b) | 4,000 | 5,403 | ||||||
Idemitsu Kosan Co., Ltd. (b) | 2,700 | 47,100 | ||||||
Inpex Corp. | 24,400 | 269,687 | ||||||
Japan Petroleum Exploration Co., Ltd. | 500 | 16,990 | ||||||
JX Holdings, Inc. | 55,197 | 212,733 | ||||||
Showa Shell Sekiyu K.K. | 4,700 | 43,032 | ||||||
TonenGeneral Sekiyu K.K. | 5,000 | 43,235 | ||||||
638,180 | ||||||||
LUXEMBOURG — 0.9% | ||||||||
Subsea 7 SA (b) | 7,245 | 62,344 | ||||||
Tenaris SA (b) | 10,628 | 149,073 | ||||||
211,417 | ||||||||
See accompanying notes to financial statements.
356
SPDR S&P International Energy Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
NETHERLANDS — 0.7% | ||||||||
Fugro NV | 1,376 | $ | 36,916 | |||||
Koninklijke Vopak NV | 1,524 | 84,130 | ||||||
SBM Offshore NV (a)(b) | 4,659 | 57,919 | ||||||
178,965 | ||||||||
NORWAY — 3.3% | ||||||||
Akastor ASA (b) | 8,230 | 16,554 | ||||||
Aker Solutions ASA (a)(b) | 8,230 | 42,860 | ||||||
BW LPG, Ltd. (d) | 1,864 | 15,022 | ||||||
DNO ASA (a)(b) | 15,133 | 19,810 | ||||||
Fred Olsen Energy ASA (b) | 775 | 5,549 | ||||||
Golar LNG, Ltd. (b) | 1,816 | 60,436 | ||||||
Kvaerner ASA | 13,814 | 10,285 | ||||||
Petroleum Geo-Services ASA (b) | 7,520 | 38,696 | ||||||
ProSafe SE (b) | 5,642 | 15,542 | ||||||
Seadrill, Ltd. (b) | 8,242 | 77,418 | ||||||
Ship Finance International, Ltd. (b) | 1,500 | 22,200 | ||||||
Statoil ASA | 23,370 | 414,095 | ||||||
TGS Nopec Geophysical Co. ASA (b) | 2,461 | 54,600 | ||||||
793,067 | ||||||||
PAPUA NEW GUINEA — 0.9% | ||||||||
Oil Search, Ltd. | 38,883 | 213,874 | ||||||
PORTUGAL — 0.3% | ||||||||
Galp Energia SGPS SA | 6,150 | 66,480 | ||||||
SINGAPORE — 0.1% | ||||||||
Ezion Holdings, Ltd. (b) | 26,580 | 20,831 | ||||||
SOUTH KOREA — 1.1% | ||||||||
GS Holdings Corp. | 1,291 | 49,920 | ||||||
Hankook Shell Oil Co., Ltd. | 103 | 40,942 | ||||||
S-Oil Corp. | 1,020 | 59,116 | ||||||
SK Innovation Co., Ltd. (a) | 1,350 | 116,084 | ||||||
266,062 | ||||||||
SPAIN — 2.0% | ||||||||
Repsol SA | 23,731 | 441,819 | ||||||
Tecnicas Reunidas SA | 771 | 32,377 | ||||||
474,196 | ||||||||
SWEDEN — 0.3% | ||||||||
Lundin Petroleum AB (a)(b) | 4,477 | 61,309 | ||||||
UNITED KINGDOM — 35.1% | ||||||||
Afren PLC (a)(b) | 25,199 | 1,156 | ||||||
Amec Foster Wheeler PLC | 6,944 | 93,342 | ||||||
BG Group PLC | 78,405 | 964,892 | ||||||
BP PLC | 417,529 | 2,706,764 | ||||||
Cairn Energy PLC (a) | 18,809 | 43,865 | ||||||
Genel Energy PLC (a) | 3,562 | 24,879 | ||||||
John Wood Group PLC | 8,682 | 81,842 | ||||||
Ophir Energy PLC (a) | 10,012 | 20,035 | ||||||
Petrofac, Ltd. | 5,962 | 84,346 | ||||||
Premier Oil PLC | 14,400 | 28,132 | ||||||
Royal Dutch Shell PLC (Class A) | 86,081 | 2,565,970 | ||||||
Royal Dutch Shell PLC (Class B) | 54,769 | 1,706,584 | ||||||
Tullow Oil PLC (a) | 24,705 | 103,862 | ||||||
8,425,669 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $30,868,691) | 23,930,811 | |||||||
SHORT TERM INVESTMENTS — 11.0% | ||||||||
UNITED STATES — 11.0% | ||||||||
MONEY MARKET FUNDS — 11.0% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 2,500,128 | 2,500,128 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) | 149,290 | 149,290 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $2,649,418) | 2,649,418 | |||||||
TOTAL INVESTMENTS — 110.7% | ||||||||
(Cost $33,518,109) | 26,580,229 | |||||||
OTHER ASSETS & LIABILITIES — (10.7)% | (2,570,714 | ) | ||||||
NET ASSETS — 100.0% | $ | 24,009,515 | ||||||
(a) | Non-income producing security | |||||
(b) | A portion of the security was on loan at March 31, 2015. | |||||
(c) | Amount shown represents less than 0.05% of net assets. | |||||
(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, 2015, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(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
See accompanying notes to financial statements.
357
SPDR S&P International Financial Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.2% | ||||||||
AUSTRALIA — 12.2% | ||||||||
AMP, Ltd. | 7,035 | $ | 34,611 | |||||
Astro Japan Property Group | 364 | 1,390 | ||||||
ASX, Ltd. (a) | 868 | 27,459 | ||||||
Australia & New Zealand Banking Group, Ltd. | 6,671 | 186,729 | ||||||
Commonwealth Bank of Australia (a) | 4,376 | 312,240 | ||||||
Insurance Australia Group, Ltd. | 5,970 | 27,821 | ||||||
Macquarie Group, Ltd. | 759 | 44,456 | ||||||
National Australia Bank, Ltd. | 6,424 | 189,189 | ||||||
QBE Insurance Group, Ltd. | 4,344 | 43,275 | ||||||
Scentre Group | 17,553 | 50,152 | ||||||
Stockland | 5,443 | 18,712 | ||||||
Suncorp Group, Ltd. (a) | 3,280 | 33,828 | ||||||
Westfield Corp. | 9,470 | 69,091 | ||||||
Westpac Banking Corp. | 8,623 | 259,417 | ||||||
1,298,370 | ||||||||
AUSTRIA — 0.7% | ||||||||
Erste Group Bank AG | 1,195 | 29,436 | ||||||
Sparkassen Immobilien AG (b) | 5,515 | 50,050 | ||||||
79,486 | ||||||||
BELGIUM — 1.0% | ||||||||
Ageas | 888 | 31,859 | ||||||
Groupe Bruxelles Lambert SA | 270 | 22,372 | ||||||
KBC Groep NV (b) | 840 | 51,928 | ||||||
106,159 | ||||||||
CANADA — 12.3% | ||||||||
Bank of Montreal (a) | 2,084 | 124,892 | ||||||
Bank of Nova Scotia (a) | 3,102 | 155,627 | ||||||
Brookfield Asset Management, Inc. (Class A) | 1,430 | 76,485 | ||||||
Canadian Imperial Bank of Commerce (a) | 962 | 69,744 | ||||||
CI Financial Corp. (a) | 494 | 13,812 | ||||||
Fairfax Financial Holdings, Ltd. | 99 | 55,499 | ||||||
Great-West Lifeco, Inc. | 1,770 | 51,178 | ||||||
IGM Financial, Inc. (a) | 197 | 7,001 | ||||||
Intact Financial Corp. | 798 | 60,122 | ||||||
Manulife Financial Corp. | 5,891 | 100,052 | ||||||
National Bank of Canada | 773 | 28,222 | ||||||
Power Corp. of Canada | 979 | 25,911 | ||||||
Power Financial Corp. (a) | 1,893 | 56,035 | ||||||
Royal Bank of Canada | 3,398 | 204,551 | ||||||
Sun Life Financial, Inc. | 2,582 | 79,570 | ||||||
Toronto-Dominion Bank | 4,642 | 198,692 | ||||||
1,307,393 | ||||||||
CHINA — 1.0% | ||||||||
Hongkong Land Holdings, Ltd. | 7,209 | 54,428 | ||||||
Sino Land Co., Ltd. | 29,417 | 47,959 | ||||||
102,387 | ||||||||
DENMARK — 0.9% | ||||||||
Danske Bank A/S | 1,831 | 48,302 | ||||||
Sydbank A/S | 1,486 | 46,592 | ||||||
94,894 | ||||||||
FINLAND — 0.6% | ||||||||
Sampo Oyj (Class A) | 1,235 | 62,367 | ||||||
Technopolis Oyj | 270 | 1,215 | ||||||
63,582 | ||||||||
FRANCE — 4.8% | ||||||||
AXA SA | 6,069 | 152,882 | ||||||
BNP Paribas SA | 2,451 | 148,913 | ||||||
Credit Agricole SA | 3,556 | 52,227 | ||||||
Societe Generale SA | 1,670 | 80,657 | ||||||
Unibail-Rodamco SE | 302 | 81,428 | ||||||
516,107 | ||||||||
GERMANY — 4.7% | ||||||||
Allianz SE | 1,075 | 186,864 | ||||||
Alstria Office REIT-AG (a)(b) | 1,638 | 23,037 | ||||||
Commerzbank AG (b) | 2,422 | 33,426 | ||||||
Deutsche Bank AG | 3,507 | 121,884 | ||||||
Deutsche Beteiligungs AG | 25 | 814 | ||||||
Deutsche Boerse AG | 322 | 26,304 | ||||||
Hamborner REIT AG | 2,547 | 28,025 | ||||||
Muenchener Rueckversicherungs- Gesellschaft AG | 363 | 78,265 | ||||||
498,619 | ||||||||
HONG KONG — 7.0% | ||||||||
AIA Group, Ltd. | 30,823 | 194,009 | ||||||
Bank of East Asia, Ltd. | 3,421 | 13,613 | ||||||
BOC Hong Kong Holdings, Ltd. | 8,949 | 31,915 | ||||||
CK Hutchison Holdings, Ltd. | 2,950 | 60,423 | ||||||
Hang Lung Properties, Ltd. | 10,860 | 30,536 | ||||||
Hang Seng Bank, Ltd. | 1,889 | 34,232 | ||||||
Henderson Land Development Co., Ltd. | 8,949 | 62,849 | ||||||
Hong Kong Exchanges and Clearing, Ltd. | 3,281 | 80,406 | ||||||
Link REIT | 5,501 | 33,915 | ||||||
New World Development Co., Ltd. | 30,400 | 35,250 | ||||||
Redefine International PLC | 3,197 | 2,788 | ||||||
Sun Hung Kai Properties, Ltd. | 5,274 | 81,358 | ||||||
Swire Pacific, Ltd. | 4,474 | 60,996 | ||||||
Wharf Holdings, Ltd. | 3,911 | 27,316 | ||||||
749,606 | ||||||||
IRELAND — 0.4% | ||||||||
Bank of Ireland (b) | 70,128 | 26,662 | ||||||
Green REIT PLC | 3,002 | 5,275 | ||||||
Hibernia REIT PLC | 2,941 | 3,696 | ||||||
Irish Residential Properties REIT PLC | 10,463 | 11,293 | ||||||
46,926 | ||||||||
ISRAEL — 0.1% | ||||||||
REIT 1, Ltd. | 2,274 | 6,976 | ||||||
ITALY — 3.3% | ||||||||
Assicurazioni Generali SpA | 4,166 | 81,924 | ||||||
Banca Monte dei Paschi di Siena SpA (a)(b) | 11,545 | 7,663 | ||||||
Banca Popolare dell’Etruria e del Lazio SC (b) | 1,627 | 1,019 | ||||||
Banco Popolare SC (b) | 860 | 13,448 | ||||||
Intesa Sanpaolo SpA | 35,770 | 121,628 | ||||||
UBI Banca SCpA | 4,108 | 32,141 | ||||||
UniCredit SpA | 14,426 | 98,074 | ||||||
355,897 | ||||||||
See accompanying notes to financial statements.
358
SPDR S&P International Financial Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
JAPAN — 14.6% | ||||||||
Aiful Corp. (a)(b) | 300 | $ | 1,066 | |||||
Bank of Yokohama, Ltd. | 7,954 | 46,693 | ||||||
Dai-ichi Life Insurance Co., Ltd. | 2,883 | 41,962 | ||||||
Daito Trust Construction Co., Ltd. (a) | 472 | 52,838 | ||||||
Daiwa House Industry Co., Ltd. (a) | 1,690 | 33,413 | ||||||
Daiwa Securities Group, Inc. | 3,878 | 30,591 | ||||||
Japan Exchange Group, Inc. (a) | 300 | 8,718 | ||||||
Keihanshin Building Co., Ltd. | 1,100 | 6,512 | ||||||
Kenedix, Inc. (a) | 400 | 1,634 | ||||||
Mitsubishi Estate Co., Ltd. | 3,977 | 92,424 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 35,644 | 221,042 | ||||||
Mitsui Fudosan Co., Ltd. | 2,983 | 87,792 | ||||||
Mizuho Financial Group, Inc. | 51,628 | 90,879 | ||||||
MS&AD Insurance Group Holdings, Inc. (a) | 2,074 | 58,281 | ||||||
Nippon Building Fund, Inc. | 10 | 49,197 | ||||||
Nomura Holdings, Inc. | 15,407 | 90,727 | ||||||
ORIX Corp. | 4,872 | 68,596 | ||||||
Relo Holdings, Inc. | 100 | 8,872 | ||||||
Resona Holdings, Inc. | 5,127 | 25,506 | ||||||
Shizuoka Bank, Ltd. (a) | 1,989 | 19,902 | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 1,889 | 58,832 | ||||||
Sumitomo Mitsui Financial Group, Inc. (a) | 4,046 | 155,244 | ||||||
Sumitomo Mitsui Trust Holdings, Inc. | 18,825 | 77,780 | ||||||
Sumitomo Realty & Development Co., Ltd. | 994 | 35,844 | ||||||
T&D Holdings, Inc. | 4,077 | 56,247 | ||||||
Takara Leben Co., Ltd. | 300 | 1,611 | ||||||
TOC Co., Ltd. | 200 | 1,571 | ||||||
Tokai Tokyo Financial Holdings, Inc. | 622 | 4,813 | ||||||
Tokio Marine Holdings, Inc. | 3,061 | 115,842 | ||||||
Tokyo Rakutenchi Co. Ltd. | 2,000 | 8,205 | ||||||
Tokyo Theatres Co., Inc. | 5,000 | 5,795 | ||||||
1,558,429 | ||||||||
NETHERLANDS — 1.8% | ||||||||
Aegon NV | 5,933 | 46,828 | ||||||
ING Groep NV (b) | 9,943 | 145,712 | ||||||
192,540 | ||||||||
NEW ZEALAND — 0.0% (c) | ||||||||
Precinct Properties New Zealand, Ltd. | 2,178 | 1,919 | ||||||
NORWAY — 0.4% | ||||||||
DnB ASA | 2,338 | 37,627 | ||||||
SpareBank 1 SR Bank ASA | 367 | 2,561 | ||||||
40,188 | ||||||||
PORTUGAL — 0.0% (c) | ||||||||
Banco Comercial Portugues SA (a)(b) | 20,561 | 2,113 | ||||||
BANIF — Banco Internacional do Funchal SA (b) | 8,346 | 69 | ||||||
2,182 | ||||||||
SINGAPORE — 2.1% | ||||||||
CapitaLand, Ltd. (a) | 10,860 | 28,344 | ||||||
DBS Group Holdings, Ltd. | 3,977 | 59,030 | ||||||
Oversea-Chinese Banking Corp., Ltd. (a) | 9,541 | 73,521 | ||||||
United Overseas Bank, Ltd. | 3,573 | 59,910 | ||||||
220,805 | ||||||||
SOUTH KOREA — 2.5% | ||||||||
Hana Financial Group, Inc. | 669 | 17,336 | ||||||
KB Financial Group, Inc. | 892 | 31,597 | ||||||
KB Financial Group, Inc. ADR (b) | 957 | 33,629 | ||||||
Samsung Fire & Marine Insurance Co., Ltd. | 224 | 54,009 | ||||||
Samsung Life Insurance Co., Ltd. | 580 | 50,553 | ||||||
Shinhan Financial Group Co., Ltd. | 1,093 | 41,328 | ||||||
Shinhan Financial Group Co., Ltd. ADR (b) | 869 | 32,414 | ||||||
260,866 | ||||||||
SPAIN — 5.3% | ||||||||
Banco Bilbao Vizcaya Argentaria SA | 15,329 | 154,887 | ||||||
Banco de Sabadell SA (a) | 16,999 | 41,608 | ||||||
Banco Popular Espanol SA (a) | 4,919 | 24,080 | ||||||
Banco Santander SA | 31,934 | 240,663 | ||||||
Bankia SA (b) | 32,892 | 45,853 | ||||||
Bolsas y Mercados Espanoles SHMSF SA | 585 | 26,061 | ||||||
CaixaBank SA | 5,986 | 28,385 | ||||||
561,537 | ||||||||
SWEDEN — 3.5% | ||||||||
Investor AB (Class B) | 1,537 | 61,255 | ||||||
Kinnevik Investment AB (Class B) | 903 | 30,166 | ||||||
Nordea Bank AB | 10,110 | 123,444 | ||||||
Skandinaviska Enskilda Banken AB (Class A) | 4,043 | 47,303 | ||||||
Svenska Handelsbanken AB (Class A) (a) | 1,155 | 52,138 | ||||||
Swedbank AB (Class A) | 2,583 | 61,729 | ||||||
376,035 | ||||||||
SWITZERLAND — 6.0% | ||||||||
Credit Suisse Group AG (b) | 3,710 | 99,998 | ||||||
GAM Holding AG (b) | 1,353 | 28,138 | ||||||
Julius Baer Group, Ltd. (b) | 1,109 | 55,673 | ||||||
Swiss Life Holding AG (b) | 206 | 51,007 | ||||||
Swiss Re AG | 884 | 85,642 | ||||||
UBS Group AG (b) | 10,110 | 190,688 | ||||||
Valiant Holding AG | 70 | 5,917 | ||||||
Zurich Insurance Group AG (b) | 352 | 119,338 | ||||||
636,401 | ||||||||
UNITED KINGDOM — 14.0% | ||||||||
Assura PLC | 6,914 | 6,389 | ||||||
Aviva PLC | 10,461 | 83,859 | ||||||
Barclays PLC | 37,594 | 135,391 | ||||||
Big Yellow Group PLC | 546 | 5,248 | ||||||
British Land Co. PLC | 5,660 | 69,949 | ||||||
Friends Life Group, Ltd. | 5,384 | 33,057 | ||||||
Hammerson PLC | 182 | 1,797 | ||||||
Hansteen Holdings PLC | 3,457 | 6,276 | ||||||
HSBC Holdings PLC | 45,129 | 384,546 | ||||||
Lancashire Holdings, Ltd. | 442 | 4,101 | ||||||
Land Securities Group PLC | 1,829 | 34,021 | ||||||
Legal & General Group PLC | 15,060 | 62,285 | ||||||
Lloyds Banking Group PLC (b) | 112,732 | 131,002 | ||||||
London Stock Exchange Group PLC | 1,610 | 58,771 | ||||||
Londonmetric Property PLC | 1,183 | 2,841 | ||||||
Man Group PLC | 8,368 | 25,317 | ||||||
McKay Securities PLC | 1,092 | 4,053 |
See accompanying notes to financial statements.
359
SPDR S&P International Financial Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Old Mutual PLC | 13,728 | $ | 45,262 | |||||
Primary Health Properties PLC | 2,911 | 17,491 | ||||||
Provident Financial PLC | 375 | 14,992 | ||||||
Prudential PLC | 6,522 | 161,882 | ||||||
Royal Bank of Scotland Group PLC (b) | 5,907 | 29,814 | ||||||
RSA Insurance Group PLC | 7,546 | 47,149 | ||||||
Safestore Holdings PLC | 728 | 3,148 | ||||||
Shaftesbury PLC | 91 | 1,122 | ||||||
Standard Chartered PLC | 5,209 | 84,558 | ||||||
Standard Life PLC | 4,524 | 31,939 | ||||||
Tritax Big Box REIT PLC | 4,731 | 8,163 | ||||||
1,494,423 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $11,686,080) | 10,571,727 | |||||||
RIGHTS — 0.1% | ||||||||
NEW ZEALAND — 0.0% (c) | ||||||||
Precinct Properties New Zealand, Ltd. (expired 3/18/15) (b) | 311 | 6 | ||||||
SPAIN — 0.1% | ||||||||
Banco Bilbao Vizcaya Argentaria SA (expiring 4/14/15) (b) | 15,329 | 2,206 | ||||||
Banco de Sabadell SA (expiring 4/17/15) (a)(b) | 16,999 | 4,309 | ||||||
6,515 | ||||||||
TOTAL RIGHTS — | ||||||||
(Cost $2,170) | 6,521 | |||||||
SHORT TERM INVESTMENTS — 8.1% | ||||||||
UNITED STATES — 8.1% | ||||||||
MONEY MARKET FUNDS — 8.1% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 813,207 | 813,207 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (e)(f) | 55,294 | 55,294 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $868,501) | 868,501 | |||||||
TOTAL INVESTMENTS — 107.4% | ||||||||
(Cost $12,556,751) | 11,446,749 | |||||||
OTHER ASSETS & LIABILITIES — (7.4)% | (784,792 | ) | ||||||
NET ASSETS — 100.0% | $ | 10,661,957 | ||||||
�� |
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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
PLC = Public Limited Company
REIT = Real Estate Investment Trust
See accompanying notes to financial statements.
360
SPDR S&P International Health Care Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.4% | ||||||||
AUSTRALIA — 4.4% | ||||||||
Ansell, Ltd. | 10,274 | $ | 216,235 | |||||
Cochlear, Ltd. (a) | 3,456 | 239,018 | ||||||
CSL, Ltd. | 22,915 | 1,612,645 | ||||||
Healthscope, Ltd. | 82,101 | 191,926 | ||||||
Primary Health Care, Ltd. (a) | 39,756 | 167,044 | ||||||
Ramsay Health Care, Ltd. | 7,939 | 407,811 | ||||||
Sirtex Medical, Ltd. | 5,578 | 88,635 | ||||||
Sonic Healthcare, Ltd. (a) | 24,724 | 386,069 | ||||||
3,309,383 | ||||||||
BELGIUM — 0.8% | ||||||||
Fagron (a) | 2,368 | 92,205 | ||||||
UCB SA | 6,463 | 467,494 | ||||||
559,699 | ||||||||
CANADA — 4.7% | ||||||||
Catamaran Corp. (b) | 11,885 | 707,563 | ||||||
Valeant Pharmaceuticals International, Inc. (b) | 14,274 | 2,819,975 | ||||||
3,527,538 | ||||||||
DENMARK — 6.4% | ||||||||
Coloplast A/S (Class B) | 6,025 | 455,600 | ||||||
Genmab A/S (b) | 3,253 | 244,583 | ||||||
GN Store Nord A/S (a) | 9,539 | 212,831 | ||||||
H. Lundbeck A/S (a)(b) | 5,059 | 106,547 | ||||||
Novo Nordisk A/S (Class B) | 68,119 | 3,642,937 | ||||||
William Demant Holding A/S (b) | 1,902 | 161,325 | ||||||
4,823,823 | ||||||||
FINLAND — 0.3% | ||||||||
Orion Oyj (Class A) | 2,070 | 58,025 | ||||||
Orion Oyj (Class B) | 6,606 | 186,523 | ||||||
244,548 | ||||||||
FRANCE — 8.4% | ||||||||
bioMerieux | 1,067 | 103,251 | ||||||
Essilor International SA | 10,720 | 1,229,618 | ||||||
Genfit (b) | 1,165 | 43,010 | ||||||
Ipsen SA | 3,766 | 177,986 | ||||||
Korian-Medica | 6,717 | 227,315 | ||||||
Orpea | 2,319 | 146,074 | ||||||
Sanofi | 43,051 | 4,250,545 | ||||||
Virbac SA | 314 | 74,226 | ||||||
6,252,025 | ||||||||
GERMANY — 10.1% | ||||||||
Bayer AG | 28,623 | 4,302,216 | ||||||
Celesio AG | 2,439 | 72,036 | ||||||
Fresenius Medical Care AG & Co. KGaA | 10,370 | 862,701 | ||||||
Fresenius SE & Co. KGaA | 19,056 | 1,137,713 | ||||||
Gerresheimer AG | 2,532 | 139,667 | ||||||
Merck KGaA | 6,747 | 757,598 | ||||||
MorphoSys AG (b) | 1,393 | 87,984 | ||||||
RHOEN-KLINIKUM AG | 3,091 | 76,785 | ||||||
Stada Arzneimittel AG | 4,755 | 158,798 | ||||||
7,595,498 | ||||||||
HONG KONG — 0.4% | ||||||||
CK Life Sciences International Holdings, Inc. | 1,572,000 | 150,042 | ||||||
Lee’s Pharmaceutical Holdings, Ltd. | 71,253 | 102,932 | ||||||
Town Health International Medical Group, Ltd. | 182,000 | 55,165 | ||||||
308,139 | ||||||||
IRELAND — 0.5% | ||||||||
ICON PLC (b) | 3,368 | 237,545 | ||||||
UDG Healthcare PLC (c) | 9,729 | 68,242 | ||||||
UDG Healthcare PLC (c)(d) | 6,214 | 43,586 | ||||||
349,373 | ||||||||
ISRAEL — 3.9% | ||||||||
Taro Pharmaceutical Industries, Ltd. (b) | 908 | 128,055 | ||||||
Teva Pharmaceutical Industries, Ltd. | 43,924 | 2,756,917 | ||||||
2,884,972 | ||||||||
ITALY — 0.2% | ||||||||
Recordati SpA | 7,813 | 146,006 | ||||||
JAPAN — 15.9% | ||||||||
Alfresa Holdings Corp. | 11,100 | 156,886 | ||||||
Asahi Intecc Co., Ltd. | 1,500 | 105,066 | ||||||
Astellas Pharma, Inc. | 104,400 | 1,712,795 | ||||||
Chugai Pharmaceutical Co., Ltd. | 11,125 | 351,120 | ||||||
Daiichi Sankyo Co., Ltd. (a) | 35,100 | 558,146 | ||||||
Eisai Co., Ltd. (a) | 12,700 | 903,852 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 4,300 | 176,769 | ||||||
Kaken Pharmaceutical Co., Ltd. | 5,000 | 145,091 | ||||||
Kissei Pharmaceutical Co., Ltd. | 3,000 | 93,809 | ||||||
KYORIN Holdings, Inc. | 3,900 | 93,463 | ||||||
Kyowa Hakko Kirin Co., Ltd. | 17,422 | 227,645 | ||||||
M3, Inc. | 10,200 | 216,971 | ||||||
Medipal Holdings Corp. | 10,000 | 130,498 | ||||||
Miraca Holdings, Inc. (a) | 2,800 | 129,114 | ||||||
Mitsubishi Tanabe Pharma Corp. | 11,900 | 204,610 | ||||||
Nakanishi, Inc. | 1,500 | 58,599 | ||||||
Nihon Kohden Corp. | 4,600 | 125,620 | ||||||
Nippon Shinyaku Co., Ltd. | 4,000 | 145,925 | ||||||
Olympus Corp. (b) | 14,000 | 521,242 | ||||||
Ono Pharmaceutical Co., Ltd. | 5,100 | 577,511 | ||||||
Otsuka Holdings Co., Ltd. (a) | 26,800 | 840,147 | ||||||
Rohto Pharmaceutical Co., Ltd. | 7,700 | 109,665 | ||||||
Santen Pharmaceutical Co., Ltd. | 23,000 | 335,626 | ||||||
Sawai Pharmaceutical Co., Ltd. | 2,100 | 124,503 | ||||||
Shionogi & Co., Ltd. | 16,100 | 537,674 | ||||||
Ship Healthcare Holdings, Inc. | 3,000 | 68,568 | ||||||
Sumitomo Dainippon Pharma Co., Ltd. (a) | 8,900 | 105,679 | ||||||
Suzuken Co., Ltd. | 4,510 | 137,829 | ||||||
Sysmex Corp. | 7,400 | 411,574 | ||||||
Taisho Pharmaceutical Holdings Co., Ltd. | 2,800 | 208,730 | ||||||
Takara Bio, Inc. (a) | 8,600 | 98,460 | ||||||
Takeda Pharmaceutical Co., Ltd. (a) | 34,300 | 1,715,787 | ||||||
Terumo Corp. | 16,300 | 430,861 | ||||||
Toho Holdings Co., Ltd. (a) | 4,000 | 67,709 | ||||||
Tsumura & Co. (a) | 4,500 | 111,482 | ||||||
11,939,026 | ||||||||
See accompanying notes to financial statements.
361
SPDR S&P International Health Care Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
LUXEMBOURG — 0.2% | ||||||||
Eurofins Scientific SE | 538 | $ | 144,886 | |||||
NETHERLANDS — 0.5% | ||||||||
QIAGEN NV (b) | 13,578 | 342,258 | ||||||
NEW ZEALAND — 0.5% | ||||||||
Fisher & Paykel Healthcare Corp., Ltd. | 41,799 | 206,251 | ||||||
Ryman Healthcare, Ltd. | 31,195 | 183,402 | ||||||
389,653 | ||||||||
SINGAPORE — 0.4% | ||||||||
Biosensors International Group, Ltd. (a)(b) | 141,000 | 78,122 | ||||||
Haw Par Corp., Ltd. | 22,000 | 137,931 | ||||||
Raffles Medical Group, Ltd. (a) | 40,000 | 114,602 | ||||||
330,655 | ||||||||
SOUTH KOREA — 0.2% | ||||||||
Celltrion, Inc. (b) | 1,700 | 107,107 | ||||||
SPAIN — 0.8% | ||||||||
Grifols SA | 12,681 | 544,503 | ||||||
Grifols SA (Class B) | 2,092 | 70,022 | ||||||
614,525 | ||||||||
SWEDEN — 1.0% | ||||||||
Elekta AB (Class B) (a) | 18,892 | 169,663 | ||||||
Getinge AB (Class B) (a) | 9,273 | 229,673 | ||||||
Meda AB (Class A) | 15,311 | 242,340 | ||||||
Swedish Orphan Biovitrum AB (b) | 12,532 | 132,309 | ||||||
773,985 | ||||||||
SWITZERLAND — 25.1% | ||||||||
Actelion, Ltd. (b) | 5,998 | 695,331 | ||||||
Basilea Pharmaceutica AG (b) | 1,649 | 187,938 | ||||||
Galenica AG | 308 | 269,536 | ||||||
Lonza Group AG (b) | 3,122 | 390,531 | ||||||
Novartis AG | 95,669 | 9,470,374 | ||||||
Roche Holding AG (c) | 4,988 | 1,366,013 | ||||||
Roche Holding AG (c) | 21,019 | 5,801,703 | ||||||
Sonova Holding AG | 2,456 | 342,115 | ||||||
Straumann Holding AG | 622 | 170,341 | ||||||
Tecan Group AG | 718 | 94,250 | ||||||
18,788,132 | ||||||||
UNITED KINGDOM — 14.7% | ||||||||
AstraZeneca PLC | 49,242 | 3,381,963 | ||||||
BTG PLC (b) | 19,296 | 204,811 | ||||||
Dechra Pharmaceuticals PLC | 7,282 | 108,858 | ||||||
Genus PLC | 7,478 | 151,974 | ||||||
GlaxoSmithKline PLC | 164,436 | 3,773,870 | ||||||
Hikma Pharmaceuticals PLC | 7,363 | 232,817 | ||||||
Shire PLC | 27,659 | 2,202,859 | ||||||
Smith & Nephew PLC | 47,619 | 808,699 | ||||||
Synergy Health PLC | 3,931 | 135,677 | ||||||
11,001,528 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $63,009,714) | 74,432,759 | |||||||
SHORT TERM INVESTMENTS — 6.7% | ||||||||
UNITED STATES — 6.7% | ||||||||
MONEY MARKET FUNDS — 6.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 4,520,492 | 4,520,492 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) | 516,236 | 516,236 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $5,036,728) | 5,036,728 | |||||||
TOTAL INVESTMENTS — 106.1% | ||||||||
(Cost $68,046,442) | 79,469,487 | |||||||
OTHER ASSETS & LIABILITIES — (6.1)% | (4,567,659 | ) | ||||||
NET ASSETS — 100.0% | $ | 74,901,828 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(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 Oversight 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. |
PLC = Public Limited Company
See accompanying notes to financial statements.
362
SPDR S&P International Industrial Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.3% | ||||||||
AUSTRALIA — 2.7% | ||||||||
Brambles, Ltd. | 13,104 | $ | 115,325 | |||||
GWA Group, Ltd. (a) | 20,914 | 41,381 | ||||||
Leighton Holdings, Ltd. (a) | 1,843 | 29,778 | ||||||
Seek, Ltd. (a) | 6,502 | 85,039 | ||||||
Toll Holdings, Ltd. | 11,438 | 77,419 | ||||||
Transurban Group | 25,663 | 186,838 | ||||||
535,780 | ||||||||
AUSTRIA — 0.4% | ||||||||
Andritz AG | 616 | 36,837 | ||||||
Zumtobel Group AG | 1,775 | 44,046 | ||||||
80,883 | ||||||||
CANADA — 5.9% | ||||||||
Bombardier, Inc. (Class B) | 17,911 | 35,355 | ||||||
CAE, Inc. | 7,606 | 88,762 | ||||||
Canadian National Railway Co. | 7,118 | 476,706 | ||||||
Canadian Pacific Railway, Ltd. (a) | 1,326 | 242,795 | ||||||
Cargojet, Inc. | 1,952 | 41,352 | ||||||
K-Bro Linen, Inc. (a) | 1,432 | 59,326 | ||||||
SNC-Lavalin Group, Inc. | 2,342 | 72,729 | ||||||
Toromont Industries, Ltd. (a) | 4,309 | 111,391 | ||||||
Westjet Airlines, Ltd. (a) | 1,349 | 31,624 | ||||||
1,160,040 | ||||||||
DENMARK — 1.8% | ||||||||
AP Moeller — Maersk A/S (Class B) (a) | 70 | 146,320 | ||||||
FLSmidth & Co. A/S | 985 | 44,322 | ||||||
NKT Holding A/S | 1,259 | 80,524 | ||||||
Vestas Wind Systems A/S | 2,132 | 88,241 | ||||||
359,407 | ||||||||
FINLAND — 1.7% | ||||||||
Kone Oyj (Class B) | 3,767 | 167,009 | ||||||
Metso Oyj (a) | 1,753 | 51,153 | ||||||
Valmet Oyj | 2,114 | 25,338 | ||||||
Wartsila Oyj Abp (a) | 1,941 | 85,929 | ||||||
329,429 | ||||||||
FRANCE — 7.3% | ||||||||
Air France-KLM (a)(b) | 4,272 | 37,549 | ||||||
Alstom SA (b) | 2,352 | 72,573 | ||||||
Bouygues SA | 2,156 | 84,610 | ||||||
Bureau Veritas SA | 1,817 | 39,010 | ||||||
Compagnie de Saint-Gobain | 3,981 | 174,850 | ||||||
Eiffage SA | 953 | 56,683 | ||||||
Legrand SA | 2,069 | 111,861 | ||||||
Safran SA | 2,433 | 169,848 | ||||||
Schneider Electric SE | 4,824 | 374,843 | ||||||
Vallourec SA | 1,264 | 30,850 | ||||||
Vinci SA | 4,900 | 280,128 | ||||||
1,432,805 | ||||||||
GERMANY — 7.4% | ||||||||
Brenntag AG | 1,300 | 77,852 | ||||||
Deutsche Lufthansa AG | 4,128 | 57,990 | ||||||
Deutsche Post AG | 8,146 | 254,546 | ||||||
GEA Group AG | 2,852 | 137,960 | ||||||
Hochtief AG | 743 | 56,322 | ||||||
MAN SE | 923 | 97,148 | ||||||
OSRAM Licht AG | 777 | 38,637 | ||||||
Pfeiffer Vacuum Technology AG | 434 | 36,893 | ||||||
Siemens AG | 6,557 | 709,151 | ||||||
1,466,499 | ||||||||
HONG KONG — 3.4% | ||||||||
Cathay Pacific Airways, Ltd. | 27,000 | 62,476 | ||||||
Hopewell Highway Infrastructure, Ltd. | 155,500 | 74,009 | ||||||
Hutchison Whampoa, Ltd. | 19,000 | 263,690 | ||||||
Jardine Matheson Holdings, Ltd. | 1,979 | 125,073 | ||||||
Jardine Strategic Holdings, Ltd. | 1,302 | 45,570 | ||||||
MTR Corp., Ltd. | 12,000 | 57,113 | ||||||
Noble Group, Ltd. | 64,951 | 43,562 | ||||||
671,493 | ||||||||
IRELAND — 0.9% | ||||||||
DCC PLC | 1,517 | 90,598 | ||||||
Ryanair Holdings PLC ADR (a) | 1,146 | 76,518 | ||||||
167,116 | ||||||||
ISRAEL — 0.3% | ||||||||
Inrom Construction Industries, Ltd. | 28,340 | 61,138 | ||||||
ITALY — 1.3% | ||||||||
Ansaldo STS SpA | 5,114 | 51,794 | ||||||
Atlantia SpA | 3,048 | 80,038 | ||||||
Autostrada Torino-Milano SpA | 2,944 | 41,705 | ||||||
Finmeccanica SpA (b) | 7,123 | 84,763 | ||||||
258,300 | ||||||||
JAPAN — 32.0% | ||||||||
Asahi Glass Co., Ltd. | 13,000 | 85,420 | ||||||
Central Japan Railway Co. | 1,600 | 290,115 | ||||||
Dai Nippon Printing Co., Ltd. (a) | 9,000 | 87,655 | ||||||
Daikin Industries, Ltd. | 2,400 | 161,021 | ||||||
East Japan Railway Co. (a) | 3,500 | 281,342 | ||||||
FANUC Corp. | 1,500 | 328,330 | ||||||
Futaba Corp. | 2,800 | 45,178 | ||||||
Hankyu Hanshin Holdings, Inc. | 15,000 | 92,933 | ||||||
IHI Corp. | 21,000 | 98,587 | ||||||
ITOCHU Corp. (a) | 15,400 | 167,130 | ||||||
JGC Corp. | 3,000 | 59,750 | ||||||
JTEKT Corp. (a) | 2,900 | 45,365 | ||||||
Kajima Corp. | 18,000 | 83,752 | ||||||
Kamigumi Co., Ltd. | 10,000 | 94,642 | ||||||
Kawasaki Heavy Industries, Ltd. | 23,000 | 116,414 | ||||||
Kawasaki Kisen Kaisha, Ltd. (a) | 19,000 | 51,174 | ||||||
Keikyu Corp. | 5,000 | 40,067 | ||||||
Keisei Electric Railway Co., Ltd. | 4,000 | 49,798 | ||||||
Kintetsu Corp. | 15,000 | 55,159 | ||||||
Kitano Construction Corp. | 16,000 | 45,228 | ||||||
Kokuyo Co., Ltd. | 9,200 | 86,150 | ||||||
Komatsu, Ltd. | 8,900 | 175,328 | ||||||
Kubota Corp. | 11,000 | 174,551 | ||||||
LIXIL Group Corp. (a) | 2,600 | 61,724 | ||||||
Makita Corp. (a) | 1,300 | 67,642 | ||||||
Marubeni Corp. (a) | 14,600 | 84,733 | ||||||
Minebea Co., Ltd. | 5,000 | 79,133 | ||||||
MISUMI Group, Inc. | 1,900 | 76,840 | ||||||
Mitsubishi Corp. (a) | 13,200 | 266,421 | ||||||
Mitsubishi Electric Corp. | 18,000 | 214,409 |
See accompanying notes to financial statements.
363
SPDR S&P International Industrial Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Mitsubishi Heavy Industries, Ltd. | 35,000 | $ | 193,292 | |||||
Mitsui & Co., Ltd. | 14,900 | 200,282 | ||||||
Mitsui OSK Lines, Ltd. | 12,000 | 40,826 | ||||||
NGK Insulators, Ltd. | 3,000 | 64,165 | ||||||
Nidec Corp. (a) | 2,400 | 159,840 | ||||||
Nippon Air Conditioning Services Co., Ltd. | 4,900 | 33,504 | ||||||
Nippon Express Co., Ltd. | 13,000 | 72,846 | ||||||
Nippon Yusen K.K. | 17,000 | 49,047 | ||||||
NSK, Ltd. | 6,000 | 87,955 | ||||||
Odakyu Electric Railway Co., Ltd. (a) | 9,000 | 91,932 | ||||||
Park24 Co., Ltd. | 1,900 | 38,927 | ||||||
Secom Co., Ltd. | 3,000 | 200,750 | ||||||
SMC Corp. | 600 | 179,337 | ||||||
Sojitz Corp. | 35,100 | 58,829 | ||||||
Sumitomo Corp. (a) | 11,800 | 126,487 | ||||||
Sumitomo Electric Industries, Ltd. | 3,626 | 47,621 | ||||||
Sumitomo Heavy Industries, Ltd. | 13,000 | 85,312 | ||||||
Taisei Corp. (a) | 12,000 | 67,942 | ||||||
THK Co., Ltd. (a) | 3,000 | 76,548 | ||||||
Tobu Railway Co., Ltd. | 14,000 | 66,542 | ||||||
Tokyu Corp. | 18,000 | 111,670 | ||||||
Tomoe Corp. | 21,900 | 81,629 | ||||||
Toppan Printing Co., Ltd. (a) | 10,000 | 77,215 | ||||||
Toshiba Corp. (a) | 36,000 | 151,355 | ||||||
TOTO, Ltd. (a) | 5,000 | 74,421 | ||||||
Toyota Tsusho Corp. (a) | 1,900 | 50,461 | ||||||
West Japan Railway Co. | 2,400 | 126,139 | ||||||
Yamato Holdings Co., Ltd. (a) | 5,000 | 115,572 | ||||||
6,296,437 | ||||||||
NETHERLANDS — 4.8% | ||||||||
Aalberts Industries NV | 1,127 | 35,428 | ||||||
AerCap Holdings NV (a)(b) | 1,758 | 76,737 | ||||||
Airbus Group NV | 4,810 | 312,229 | ||||||
Boskalis Westminster NV | 1,466 | 72,111 | ||||||
CNH Industrial NV | 8,050 | 65,880 | ||||||
Koninklijke Philips NV | 9,569 | 271,573 | ||||||
Randstad Holding NV | 1,995 | 121,016 | ||||||
954,974 | ||||||||
NEW ZEALAND — 0.2% | ||||||||
Metro Performance Glass, Ltd. (b) | 32,185 | 44,168 | ||||||
NORWAY — 0.3% | ||||||||
Orkla ASA | 6,657 | 50,346 | ||||||
SINGAPORE — 1.5% | ||||||||
ComfortDelGro Corp., Ltd. | 39,000 | 82,168 | ||||||
Keppel Corp., Ltd. | 20,800 | 136,473 | ||||||
Keppel Infrastructure Trust | 61,387 | 49,004 | ||||||
Neptune Orient Lines, Ltd. (a)(b) | 38,650 | 28,318 | ||||||
295,963 | ||||||||
SOUTH KOREA — 3.4% | ||||||||
Cheil Industries, Inc. (b) | 525 | 70,744 | ||||||
GS Global Corp. | 9,293 | 65,335 | ||||||
Hyundai Engineering & Construction Co., Ltd. | 1,161 | 52,742 | ||||||
Hyundai Glovis Co., Ltd. | 228 | 46,445 | ||||||
Hyundai Heavy Industries Co., Ltd. (b) | 453 | 49,814 | ||||||
KCC Corp. | 77 | 39,282 | ||||||
Korea Aerospace Industries, Ltd. | 845 | 42,956 | ||||||
LG Corp. | 1,508 | 83,321 | ||||||
Samsung C&T Corp. | 1,472 | 78,811 | ||||||
Samsung Heavy Industries Co., Ltd. | 1,901 | 30,928 | ||||||
SK Holdings Co., Ltd. | 349 | 53,477 | ||||||
Young Poong Precision Corp. | 6,548 | 63,742 | ||||||
677,597 | ||||||||
SPAIN — 2.1% | ||||||||
Abengoa SA (Class B) | 14,300 | 51,911 | ||||||
Abertis Infraestructuras SA | 4,220 | 76,301 | ||||||
ACS, Actividades de Construccion y Servicios SA | 3,102 | 109,941 | ||||||
Ferrovial SA | 3,520 | 74,853 | ||||||
International Consolidated Airlines Group SA (b) | 10,997 | 98,440 | ||||||
411,446 | ||||||||
SWEDEN — 6.1% | ||||||||
Alfa Laval AB | 4,678 | 91,943 | ||||||
Assa Abloy AB (Class B) | 2,586 | 154,128 | ||||||
Atlas Copco AB (Class A) | 5,400 | 174,885 | ||||||
Atlas Copco AB (Class B) | 3,261 | 96,385 | ||||||
B&B Tools AB (Class B) | 2,203 | 36,018 | ||||||
Sandvik AB | 10,413 | 116,457 | ||||||
Securitas AB (Class B) | 5,535 | 79,392 | ||||||
Skanska AB (Class B) | 3,438 | 77,100 | ||||||
SKF AB (Class B) (a) | 3,321 | 85,797 | ||||||
Trelleborg AB (Class B) | 5,302 | 104,884 | ||||||
Volvo AB (Class A) | 5,916 | 71,823 | ||||||
Volvo AB (Class B) | 9,325 | 112,777 | ||||||
1,201,589 | ||||||||
SWITZERLAND — 5.7% | ||||||||
ABB, Ltd. (b) | 20,368 | 432,608 | ||||||
Adecco SA (b) | 2,036 | 169,789 | ||||||
Geberit AG | 515 | 193,529 | ||||||
Kuehne + Nagel International AG | 796 | 118,421 | ||||||
Schindler Holding AG | 414 | 68,964 | ||||||
SGS SA | 73 | 139,792 | ||||||
1,123,103 | ||||||||
UNITED KINGDOM — 10.1% | ||||||||
Aggreko PLC | 3,497 | 79,271 | ||||||
Ashtead Group PLC | 5,064 | 81,490 | ||||||
Babcock International Group PLC | 7,620 | 111,366 | ||||||
BAE Systems PLC | 27,367 | 212,679 | ||||||
Balfour Beatty PLC | 11,729 | 41,806 | ||||||
Bunzl PLC | 2,768 | 75,238 | ||||||
Capita PLC | 5,568 | 92,245 | ||||||
Cobham PLC | 15,924 | 71,910 | ||||||
easyJet PLC | 2,888 | 80,686 | ||||||
Experian PLC | 10,925 | 181,157 | ||||||
FirstGroup PLC (b) | 23,100 | 31,189 | ||||||
G4S PLC | 11,558 | 50,753 | ||||||
IMI PLC | 2,864 | 54,208 | ||||||
Intertek Group PLC | 1,344 | 49,839 | ||||||
Meggitt PLC | 8,198 | 66,752 | ||||||
Melrose Industries PLC | 13,074 | 53,858 | ||||||
Rentokil Initial PLC | 44,642 | 90,593 | ||||||
Rolls-Royce Holdings PLC (b) | 17,453 | 246,913 |
See accompanying notes to financial statements.
364
SPDR S&P International Industrial Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Smiths Group PLC | 5,789 | $ | 96,078 | |||||
Weir Group PLC | 1,946 | 49,139 | ||||||
Wolseley PLC | 3,080 | 182,570 | ||||||
1,999,740 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $19,854,905) | 19,578,253 | |||||||
SHORT TERM INVESTMENTS — 12.5% | ||||||||
UNITED STATES — 12.5% | ||||||||
MONEY MARKET FUNDS — 12.5% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (c)(d) | 2,364,841 | 2,364,841 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (d)(e) | 91,650 | 91,650 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $2,456,491) | 2,456,491 | |||||||
TOTAL INVESTMENTS — 111.8% | ||||||||
(Cost $22,311,396) | 22,034,744 | |||||||
OTHER ASSETS & LIABILITIES — (11.8)% | (2,326,569 | ) | ||||||
NET ASSETS — 100.0% | $ | 19,708,175 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(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.
365
SPDR S&P International Materials Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.0% | ||||||||
AUSTRALIA — 11.0% | ||||||||
Alumina, Ltd. | 11,337 | $ | 13,901 | |||||
Amcor, Ltd. | 4,200 | 45,048 | ||||||
Arrium, Ltd. | 16,540 | 2,148 | ||||||
BHP Billiton, Ltd. | 13,901 | 329,528 | ||||||
BlueScope Steel, Ltd. | 3,022 | 9,650 | ||||||
Boral, Ltd. (a) | 8,374 | 40,815 | ||||||
DuluxGroup, Ltd. | 1,570 | 7,676 | ||||||
Fortescue Metals Group, Ltd. (a) | 8,553 | 12,807 | ||||||
Iluka Resources, Ltd. (a) | 1,916 | 12,442 | ||||||
Incitec Pivot, Ltd. | 8,426 | 26,199 | ||||||
Mineral Deposits, Ltd. (b) | 652 | 388 | ||||||
Newcrest Mining, Ltd. (b) | 3,598 | 36,750 | ||||||
Orica, Ltd. (a) | 2,209 | 33,768 | ||||||
Orora, Ltd. | 4,030 | 6,989 | ||||||
OZ Minerals, Ltd. | 2,402 | 7,230 | ||||||
Rio Tinto, Ltd. (a) | 2,038 | 89,103 | ||||||
Sims Metal Management, Ltd. (a) | 1,690 | 15,971 | ||||||
690,413 | ||||||||
AUSTRIA — 0.7% | ||||||||
RHI AG (a) | 449 | 13,213 | ||||||
Voestalpine AG | 810 | 29,661 | ||||||
42,874 | ||||||||
BELGIUM — 1.0% | ||||||||
Solvay SA | 259 | 37,427 | ||||||
Tessenderlo Chemie NV (b) | 120 | 3,425 | ||||||
Tessenderlo Chemie NV VVPR Strip (b)(c) | 116 | 0 | ||||||
Umicore SA | 485 | 20,252 | ||||||
61,104 | ||||||||
CANADA — 12.0% | ||||||||
Agnico-Eagle Mines, Ltd. | 1,134 | 31,509 | ||||||
Agrium, Inc. (a) | 917 | 95,574 | ||||||
Alacer Gold Corp. (b) | 827 | 1,789 | ||||||
Alamos Gold, Inc. | 515 | 3,017 | ||||||
AuRico Gold, Inc. (a) | 1,493 | 4,126 | ||||||
B2Gold Corp. (b) | 3,366 | 5,023 | ||||||
Barrick Gold Corp. | 4,928 | 53,891 | ||||||
Canam Group, Inc. | 573 | 5,610 | ||||||
Canexus Corp. | 996 | 1,203 | ||||||
Canfor Corp. (b) | 299 | 5,985 | ||||||
CCL Industries, Inc. (Class B) | 150 | 16,877 | ||||||
Centerra Gold, Inc. | 721 | 3,518 | ||||||
Detour Gold Corp. (b) | 611 | 5,186 | ||||||
Eldorado Gold Corp. | 4,178 | 19,166 | ||||||
First Majestic Silver Corp. (a)(b) | 673 | 3,629 | ||||||
First Quantum Minerals, Ltd. | 2,843 | 34,457 | ||||||
Franco-Nevada Corp. (a) | 748 | 36,251 | ||||||
Goldcorp, Inc. | 4,135 | 74,832 | ||||||
HudBay Minerals, Inc. | 1,038 | 8,491 | ||||||
IAMGOLD Corp. (b) | 1,739 | 3,241 | ||||||
Interfor Corp. (b) | 529 | 7,999 | ||||||
Intertape Polymer Group, Inc. | 575 | 7,959 | ||||||
Kinross Gold Corp. (b) | 5,582 | 12,385 | ||||||
Labrador Iron Ore Royalty Corp. (a) | 287 | 3,062 | ||||||
Lundin Mining Corp. (b) | 2,308 | 9,312 | ||||||
Methanex Corp. (a) | 374 | 20,025 | ||||||
New Gold, Inc. (b) | 1,547 | 5,191 | ||||||
Osisko Gold Royalties, Ltd. (a) | 198 | 2,617 | ||||||
Pan American Silver Corp. (a) | 1,022 | 8,973 | ||||||
Potash Corp. of Saskatchewan, Inc. | 4,303 | 138,722 | ||||||
SEMAFO, Inc. (b) | 2,061 | 6,216 | ||||||
Sherritt International Corp. | 2,432 | 4,013 | ||||||
Silver Wheaton Corp. | 1,711 | 32,504 | ||||||
Tanzanian Royalty Exploration Corp. (a)(b) | 827 | 278 | ||||||
Teck Resources, Ltd. (Class B) | 2,107 | 28,914 | ||||||
Thompson Creek Metals Co., Inc. (a)(b) | 654 | 862 | ||||||
Turquoise Hill Resources, Ltd. (b) | 5,035 | 15,703 | ||||||
West Fraser Timber Co., Ltd. | 150 | 7,675 | ||||||
Winpak, Ltd. | 332 | 10,433 | ||||||
Yamana Gold, Inc. (a) | 4,197 | 15,045 | ||||||
751,263 | ||||||||
DENMARK — 1.1% | ||||||||
Chr Hansen Holding A/S | 446 | 20,466 | ||||||
Novozymes A/S (Class B) | 1,027 | 46,951 | ||||||
67,417 | ||||||||
FINLAND — 1.8% | ||||||||
Stora Enso Oyj (a) | 4,630 | 47,688 | ||||||
UPM-Kymmene Oyj | 3,262 | 63,481 | ||||||
111,169 | ||||||||
FRANCE — 4.6% | ||||||||
Air Liquide SA | 1,506 | 193,770 | ||||||
Arkema SA | 341 | 27,002 | ||||||
Eramet (a)(b) | 21 | 1,921 | ||||||
Lafarge SA | 970 | 62,871 | ||||||
285,564 | ||||||||
GERMANY — 12.5% | ||||||||
BASF SE | 4,054 | 402,962 | ||||||
Evonik Industries AG | 251 | 8,950 | ||||||
Fuchs Petrolub SE Preference Shares | 196 | 7,839 | ||||||
HeidelbergCement AG | 637 | 50,496 | ||||||
K+S AG | 976 | 31,877 | ||||||
Lanxess AG | 363 | 19,347 | ||||||
Linde AG | 822 | 167,428 | ||||||
Salzgitter AG | 373 | 10,851 | ||||||
Symrise AG | 449 | 28,374 | ||||||
ThyssenKrupp AG | 1,862 | 48,865 | ||||||
Wacker Chemie AG | 68 | 7,869 | ||||||
784,858 | ||||||||
GREECE — 0.1% | ||||||||
Titan Cement Co. SA | 310 | 7,115 | ||||||
HONG KONG — 0.2% | ||||||||
Fosun International, Ltd. (a) | 7,500 | 14,530 | ||||||
IRELAND — 2.4% | ||||||||
CRH PLC | 3,979 | 103,546 | ||||||
James Hardie Industries PLC | 1,875 | 21,858 | ||||||
Smurfit Kappa Group PLC | 809 | 22,712 | ||||||
148,116 | ||||||||
ISRAEL — 0.5% | ||||||||
Caesarstone Sdot-Yam, Ltd. (a) | 131 | 7,953 | ||||||
Frutarom Industries, Ltd. | 319 | 11,936 |
See accompanying notes to financial statements.
366
SPDR S&P International Materials Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Israel Chemicals, Ltd. | 1,975 | $ | 14,055 | |||||
33,944 | ||||||||
ITALY — 0.1% | ||||||||
Buzzi Unicem SpA (a) | 552 | 8,270 | ||||||
JAPAN — 19.1% | ||||||||
Air Water, Inc. | 1,000 | 17,911 | ||||||
Asahi Kasei Corp. (a) | 5,833 | 55,886 | ||||||
Daicel Corp. | 1,700 | 20,314 | ||||||
Denki Kagaku Kogyo Kabushiki Kaisha | 6,855 | 27,094 | ||||||
DIC Corp. (a) | 3,000 | 8,755 | ||||||
Fuji Seal International, Inc. | 300 | 8,355 | ||||||
Hitachi Metals, Ltd. | 1,000 | 15,385 | ||||||
JFE Holdings, Inc. | 3,256 | 72,057 | ||||||
JSR Corp. | 1,973 | 34,269 | ||||||
Kaneka Corp. | 2,000 | 14,109 | ||||||
Kansai Paint Co., Ltd. | 1,000 | 18,211 | ||||||
Kobe Steel, Ltd. (a) | 21,641 | 40,061 | ||||||
Kuraray Co., Ltd. (a) | 900 | 12,210 | ||||||
Maruichi Steel Tube, Ltd. (a) | 300 | 7,119 | ||||||
Mitsubishi Chemical Holdings Corp. | 8,102 | 47,197 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 2,000 | 9,873 | ||||||
Mitsubishi Materials Corp. (a) | 5,866 | 19,761 | ||||||
Mitsui Chemicals, Inc. | 8,876 | 28,569 | ||||||
Mitsui Mining & Smelting Co., Ltd. | 2,809 | 6,418 | ||||||
Nihon Nohyaku Co., Ltd. | 800 | 8,025 | ||||||
Nippon Kayaku Co., Ltd. | 1,000 | 12,566 | ||||||
Nippon Paint Holdings Co., Ltd. | 900 | 33,021 | ||||||
Nippon Paper Industries Co., Ltd. (a) | 400 | 6,024 | ||||||
Nippon Shokubai Co., Ltd. | 1,000 | 14,701 | ||||||
Nippon Steel & Sumitomo Metal Corp. | 50,506 | 127,397 | ||||||
Nissan Chemical Industries, Ltd. | 400 | 8,302 | ||||||
Nitto Denko Corp. | 876 | 58,656 | ||||||
OJI Paper Co., Ltd. (a) | 6,000 | 24,615 | ||||||
Pack Corp. | 300 | 6,482 | ||||||
Rengo Co., Ltd. | 2,000 | 8,489 | ||||||
Shin-Etsu Chemical Co., Ltd. | 2,067 | 135,301 | ||||||
Showa Denko KK | 4,000 | 5,103 | ||||||
Sumitomo Chemical Co., Ltd. | 9,838 | 50,697 | ||||||
Sumitomo Metal Mining Co., Ltd. | 2,927 | 42,920 | ||||||
T&K Toka Co., Ltd. | 300 | 6,016 | ||||||
Taiheiyo Cement Corp. | 10,744 | 32,879 | ||||||
Teijin, Ltd. | 3,805 | 12,945 | ||||||
Tomoku Co., Ltd. | 3,000 | 7,079 | ||||||
Toray Industries, Inc. (a) | 9,838 | 82,609 | ||||||
Tosoh Corp. | 3,000 | 15,159 | ||||||
Toyo Seikan Group Holdings, Ltd. (a) | 600 | 8,815 | ||||||
Ube Industries, Ltd. | 11,866 | 18,602 | ||||||
Zeon Corp. | 1,000 | 9,256 | ||||||
1,199,213 | ||||||||
LUXEMBOURG — 0.8% | ||||||||
APERAM SA (a)(b) | 306 | 12,275 | ||||||
ArcelorMittal (a) | 4,278 | 40,317 | ||||||
52,592 | ||||||||
NETHERLANDS — 2.0% | ||||||||
Akzo Nobel NV | 1,085 | 82,060 | ||||||
Koninklijke DSM NV | 825 | 46,048 | ||||||
128,108 | ||||||||
NEW ZEALAND — 0.2% | ||||||||
Fletcher Building, Ltd. | 2,000 | 12,628 | ||||||
NORWAY — 1.4% | ||||||||
Norsk Hydro ASA | 5,907 | 31,070 | ||||||
Yara International ASA | 1,105 | 56,216 | ||||||
87,286 | ||||||||
PORTUGAL — 0.4% | ||||||||
Semapa-Sociedade de Investimento e Gestao | 1,898 | 25,358 | ||||||
SOUTH KOREA — 4.6% | ||||||||
Aekyung Petrochemical Co., Ltd. | 150 | 9,302 | ||||||
ENF Technology Co., Ltd. | 1,029 | 12,521 | ||||||
Hanwha Chemical Corp. | 377 | 4,961 | ||||||
Hanwha Corp. | 265 | 8,682 | ||||||
Hyosung Corp. | 116 | 9,065 | ||||||
Hyundai Steel Co. | 263 | 17,305 | ||||||
Korea Zinc Co., Ltd. | 79 | 30,192 | ||||||
Kukdo Chemical Co., Ltd. | 163 | 7,449 | ||||||
LG Chem, Ltd. | 249 | 50,722 | ||||||
Lotte Chemical Corp. | 72 | 13,207 | ||||||
OCI Co., Ltd. | 88 | 8,209 | ||||||
POSCO ADR | 1,368 | 74,775 | ||||||
Samsung SDI Co., Ltd. | 177 | 21,777 | ||||||
Samyoung Chemical Co., Ltd. (b) | 4,710 | 7,175 | ||||||
Taekwang Industrial Co., Ltd. | 6 | 6,506 | ||||||
Wonik Materials Co., Ltd. (b) | 197 | 8,532 | ||||||
290,380 | ||||||||
SWEDEN — 0.8% | ||||||||
Boliden AB | 1,252 | 24,883 | ||||||
Hexpol AB | 114 | 11,494 | ||||||
SSAB AB, (Series A) (a)(b) | 2,221 | 10,930 | ||||||
47,307 | ||||||||
SWITZERLAND — 5.4% | ||||||||
Clariant AG (b) | 1,263 | 25,278 | ||||||
EMS-Chemie Holding AG | 37 | 15,095 | ||||||
Givaudan SA (b) | 34 | 61,678 | ||||||
Holcim, Ltd. (b) | 1,007 | 75,320 | ||||||
Sika AG | 4 | 14,327 | ||||||
Syngenta AG | 411 | 139,934 | ||||||
Youlchon Chemical Co., Ltd. | 719 | 7,388 | ||||||
339,020 | ||||||||
UNITED KINGDOM — 16.3% | ||||||||
Alent PLC | 1,157 | 6,434 | ||||||
Anglo American PLC | 6,365 | 95,622 | ||||||
Antofagasta PLC | 1,760 | 19,138 | ||||||
BHP Billiton PLC | 9,913 | 216,838 | ||||||
Croda International PLC | 599 | 24,356 | ||||||
DS Smith PLC | 2,767 | 14,180 | ||||||
Elementis PLC | 1,585 | 6,828 | ||||||
Essentra PLC | 1,051 | 15,501 | ||||||
Fresnillo PLC | 635 | 6,434 | ||||||
Glencore PLC (b) | 48,663 | 206,535 | ||||||
Johnson Matthey PLC | 1,160 | 58,308 | ||||||
Lonmin PLC (a)(b) | 1,314 | 2,292 | ||||||
Mondi PLC | 1,496 | 28,826 | ||||||
Randgold Resources, Ltd. | 603 | 42,010 | ||||||
Rexam PLC | 2,992 | 25,717 |
See accompanying notes to financial statements.
367
SPDR S&P International Materials Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Rio Tinto PLC | 5,620 | $ | 231,265 | |||||
RPC Group PLC | 969 | 8,343 | ||||||
Vedanta Resources PLC (a) | 699 | 5,188 | ||||||
Victrex PLC | 378 | 10,521 | ||||||
1,024,336 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $9,459,545) | 6,212,865 | |||||||
SHORT TERM INVESTMENTS — 8.7% | ||||||||
UNITED STATES — 8.7% | ||||||||
MONEY MARKET FUNDS — 8.7% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 515,765 | 515,765 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (e)(f) | 31,778 | 31,778 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $547,543) | 547,543 | |||||||
TOTAL INVESTMENTS — 107.7% | ||||||||
(Cost $10,007,088) | 6,760,408 | |||||||
OTHER ASSETS & LIABILITIES — (7.7)% | (484,072 | ) | ||||||
NET ASSETS — 100.0% | $ | 6,276,336 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(c) | Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 3 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. |
ADR = American Depositary Receipt
PLC = Public Limited Company
See accompanying notes to financial statements.
368
SPDR S&P International Technology Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AUSTRALIA — 1.0% | ||||||||
carsales.com, Ltd. (a) | 3,036 | $ | 23,959 | |||||
Computershare, Ltd. (a) | 6,891 | 66,963 | ||||||
iProperty Group, Ltd. (b) | 937 | 2,011 | ||||||
Iress, Ltd. (a) | 3,289 | 26,383 | ||||||
119,316 | ||||||||
AUSTRIA — 0.2% | ||||||||
ams AG | 394 | 18,923 | ||||||
BELGIUM — 0.2% | ||||||||
Barco NV | 301 | 17,916 | ||||||
CANADA — 3.7% | ||||||||
Avigilon Corp. (a)(b) | 261 | 4,342 | ||||||
Blackberry, Ltd. (a)(b) | 5,472 | 48,779 | ||||||
Canadian Solar, Inc. (b) | 341 | 11,386 | ||||||
Celestica, Inc. (b) | 2,902 | 32,217 | ||||||
CGI Group, Inc. (Class A) (b) | 3,021 | 128,139 | ||||||
Constellation Software, Inc. | 271 | 93,670 | ||||||
DH Corp. | 1,408 | 43,013 | ||||||
Mitel Networks Corp. (a)(b) | 101 | 1,027 | ||||||
Open Text Corp. (a) | 1,364 | 72,007 | ||||||
Redknee Solutions, Inc. (a)(b) | 549 | 1,942 | ||||||
Sandvine Corp. (b) | 700 | 2,023 | ||||||
438,545 | ||||||||
DENMARK — 0.3% | ||||||||
SimCorp A/S (a) | 1,163 | 38,120 | ||||||
FINLAND — 2.6% | ||||||||
Nokia Oyj | 35,954 | 274,549 | ||||||
Tieto Oyj | 1,325 | 31,165 | ||||||
305,714 | ||||||||
FRANCE — 4.5% | ||||||||
Alcatel-Lucent (b) | 29,255 | 110,598 | ||||||
AtoS | 721 | 49,768 | ||||||
Cap Gemini SA | 1,707 | 140,010 | ||||||
Criteo SA ADR (b) | 220 | 8,690 | ||||||
Dassault Systemes | 1,312 | 88,970 | ||||||
Ingenico | 563 | 61,857 | ||||||
Inside Secure SA (b) | 255 | 627 | ||||||
Neopost SA | 512 | 28,127 | ||||||
SOITEC (a)(b) | 968 | 925 | ||||||
Sopra Steria Group | 27 | 2,007 | ||||||
UbiSoft Entertainment (b) | 1,980 | 36,587 | ||||||
528,166 | ||||||||
GERMANY — 8.7% | ||||||||
Aixtron SE (a)(b) | 1,545 | 11,663 | ||||||
Dialog Semiconductor PLC (b) | 929 | 41,970 | ||||||
Infineon Technologies AG | 11,778 | 140,790 | ||||||
RIB Software AG (a) | 90 | 1,264 | ||||||
SAP SE | 9,265 | 671,965 | ||||||
Software AG | 689 | 17,945 | ||||||
United Internet AG | 1,423 | 64,808 | ||||||
Wincor Nixdorf AG | 630 | 29,595 | ||||||
Wirecard AG | 1,104 | 46,669 | ||||||
1,026,669 | ||||||||
HONG KONG — 0.7% | ||||||||
ASM Pacific Technology, Ltd. (a) | 4,049 | 42,172 | ||||||
China Innovationpay Group, Ltd. (a)(b) | 40,000 | 3,250 | ||||||
China Mobile Games & Entertainment Group, Ltd. ADR (b) | 88 | 1,467 | ||||||
Landing International Development, Ltd. (b) | 25,000 | 464 | ||||||
PAX Global Technology, Ltd. (b) | 3,000 | 3,138 | ||||||
United Photovoltaics Group, Ltd. (a)(b) | 24,000 | 2,662 | ||||||
VTech Holdings, Ltd. (a) | 2,271 | 32,397 | ||||||
Yunbo Digital Synergy Group, Ltd. (b) | 2,000 | 1,058 | ||||||
86,608 | ||||||||
IRELAND — 0.1% | ||||||||
FleetMatics Group PLC (a)(b) | 230 | 10,315 | ||||||
King Digital Entertainment PLC (a) | 365 | 5,855 | ||||||
16,170 | ||||||||
ISRAEL — 1.9% | ||||||||
Check Point Software Technologies, Ltd. (b) | 1,577 | 129,267 | ||||||
EZchip Semiconductor, Ltd. (b) | 36 | 691 | ||||||
Ituran Location and Control, Ltd. | 1,002 | 22,118 | ||||||
NICE Systems, Ltd. | 812 | 49,802 | ||||||
Stratasys, Ltd. (a)(b) | 359 | 18,948 | ||||||
Tower Semiconductor, Ltd. (b) | 98 | 1,674 | ||||||
Wix.com, Ltd. (b) | 54 | 1,034 | ||||||
223,534 | ||||||||
JAPAN — 34.1% | ||||||||
Advantest Corp. (a) | 2,478 | 31,387 | ||||||
Alps Electric Co., Ltd. | 2,547 | 61,655 | ||||||
Anritsu Corp. (a) | 1,800 | 12,593 | ||||||
Azbil Corp. | 1,586 | 43,113 | ||||||
Brother Industries, Ltd. | 3,248 | 51,811 | ||||||
Canon, Inc. | 10,419 | 369,063 | ||||||
Citizen Holdings Co., Ltd. (a) | 4,155 | 31,944 | ||||||
COLOPL, Inc. (a) | 300 | 6,482 | ||||||
Dena Co., Ltd. (a) | 1,300 | 25,485 | ||||||
FUJIFILM Holdings Corp. | 4,925 | 175,624 | ||||||
Fujitsu, Ltd. | 20,688 | 141,301 | ||||||
GungHo Online Entertainment, Inc. (a) | 3,800 | 14,893 | ||||||
Hamamatsu Photonics K.K. | 1,800 | 54,559 | ||||||
Hirose Electric Co., Ltd. | 413 | 53,517 | ||||||
Hitachi High-Technologies Corp. | 1,177 | 35,970 | ||||||
Hitachi, Ltd. (a) | 46,325 | 317,988 | ||||||
Horiba, Ltd. | 886 | 33,948 | ||||||
Hoya Corp. | 4,435 | 178,158 | ||||||
Ibiden Co., Ltd. | 1,970 | 33,297 | ||||||
IT Holdings Corp. | 1,779 | 32,532 | ||||||
Japan Digital Laboratory Co., Ltd. | 1,483 | 19,563 | ||||||
Japan Display, Inc. (a) | 2,350 | 8,465 | ||||||
Kakaku.com, Inc. (a) | 1,700 | 28,323 | ||||||
Keyence Corp. | 392 | 214,427 | ||||||
Konami Corp. | 1,385 | 25,985 | ||||||
Konica Minolta Holdings, Inc. | 5,806 | 59,113 | ||||||
Kyocera Corp. | 3,783 | 207,943 | ||||||
Mitsumi Electric Co., Ltd. | 1,779 | 13,247 | ||||||
Murata Manufacturing Co., Ltd. | 2,169 | 299,057 | ||||||
NEC Corp. | 28,578 | 84,120 |
See accompanying notes to financial statements.
369
SPDR S&P International Technology Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Nexon Co., Ltd. | 1,800 | $ | 19,212 | |||||
Nintendo Co., Ltd. | 1,083 | 159,617 | ||||||
Nippon Electric Glass Co., Ltd. | 6,933 | 33,935 | ||||||
Nomura Research Institute, Ltd. | 1,372 | 51,711 | ||||||
NTT Data Corp. (a) | 1,792 | 78,150 | ||||||
Obic Co., Ltd. | 1,090 | 46,354 | ||||||
Oki Electric Industry Co., Ltd. | 10,776 | 22,374 | ||||||
Omron Corp. | 2,461 | 111,225 | ||||||
Otsuka Corp. | 800 | 34,155 | ||||||
Renesas Electronics Corp. (b) | 1,500 | 11,169 | ||||||
Ricoh Co., Ltd. | 6,901 | 75,268 | ||||||
Rohm Co., Ltd. | 1,180 | 80,979 | ||||||
SCREEN Holdings Co., Ltd. | 6,937 | 52,639 | ||||||
SCSK Corp. | 1,000 | 28,059 | ||||||
Seiko Epson Corp. | 3,140 | 55,796 | ||||||
Sumco Corp. | 1,878 | 31,617 | ||||||
Taiyo Yuden Co., Ltd. | 1,784 | 26,063 | ||||||
TDK Corp. | 1,478 | 105,250 | ||||||
Tokyo Electron, Ltd. | 1,870 | 130,701 | ||||||
Trend Micro, Inc. | 1,181 | 38,997 | ||||||
Wacom Co., Ltd. (a) | 2,200 | 10,603 | ||||||
Yahoo! Japan Corp. | 13,919 | 57,568 | ||||||
Yaskawa Electric Corp. (a) | 3,312 | 48,634 | ||||||
Yokogawa Electric Corp. (a) | 3,035 | 32,773 | ||||||
4,008,412 | ||||||||
NETHERLANDS — 7.1% | ||||||||
ASM International NV | 877 | 40,549 | ||||||
ASML Holding NV | 4,318 | 439,592 | ||||||
Cimpress NV (b) | 629 | 53,075 | ||||||
Gemalto NV (a) | 939 | 74,799 | ||||||
NXP Semiconductor NV (a)(b) | 2,250 | 225,810 | ||||||
833,825 | ||||||||
NEW ZEALAND — 0.1% | ||||||||
Xero, Ltd. (a)(b) | 650 | 11,747 | ||||||
NORWAY — 0.1% | ||||||||
Nordic Semiconductor ASA (b) | 394 | 2,530 | ||||||
Opera Software ASA (a) | 862 | 6,926 | ||||||
REC Silicon ASA (a)(b) | 14,061 | 4,100 | ||||||
REC Solar ASA (b) | 138 | 1,738 | ||||||
15,294 | ||||||||
SINGAPORE — 1.4% | ||||||||
Flextronics International, Ltd. (b) | 9,102 | 115,368 | ||||||
IGG, Inc. (a) | 4,000 | 2,342 | ||||||
Venture Corp., Ltd. | 6,925 | 43,165 | ||||||
160,875 | ||||||||
SOUTH KOREA — 20.9% | ||||||||
Actoz Soft Co., Ltd. (b) | 64 | 2,103 | ||||||
AfreecaTV Co., Ltd. | 97 | 2,199 | ||||||
Bluecom Co., Ltd. | 137 | 1,716 | ||||||
Com2uSCorp (b) | 76 | 13,187 | ||||||
Daum Kakao Corp. | 109 | 11,338 | ||||||
Dongbu HiTek Co., Ltd. (b) | 320 | 1,728 | ||||||
Eo Technics Co., Ltd. | 37 | 4,265 | ||||||
Gamevil, Inc. (b) | 54 | 5,889 | ||||||
GemVax & Kael Co., Ltd. (b) | 231 | 3,925 | ||||||
Gigalane Co., Ltd. | 108 | 919 | ||||||
Joymax Co., Ltd. (b) | 49 | 1,261 | ||||||
KCP Co., Ltd. (b) | 116 | 2,990 | ||||||
KH Vatec Co., Ltd. | 67 | 1,929 | ||||||
LG Display Co., Ltd. ADR | 5,153 | 73,739 | ||||||
LG Innotek Co., Ltd. | 207 | 21,643 | ||||||
Lumens Co., Ltd. | 293 | 1,659 | ||||||
NAVER Corp. | 289 | 174,788 | ||||||
NCSoft Corp. | 175 | 28,629 | ||||||
Neowiz Games Corp. (b) | 57 | 1,202 | ||||||
Nexon GT Co., Ltd. (b) | 93 | 1,425 | ||||||
NHN Entertainment Corp. (b) | 320 | 20,594 | ||||||
Partron Co., Ltd. | 870 | 11,214 | ||||||
Sam Young Electronics Co., Ltd. | 2,239 | 29,465 | ||||||
Samsung Electro-Mechanics Co., Ltd. | 652 | 45,192 | ||||||
Samsung Electronics Co., Ltd. GDR | 2,554 | 1,644,776 | ||||||
Samsung SDI Co., Ltd. | 388 | 47,737 | ||||||
Seoul Semiconductor Co., Ltd. (b) | 581 | 10,421 | ||||||
SK C&C Co., Ltd. | 230 | 48,200 | ||||||
SK Communications Co., Ltd. (b) | 218 | 1,607 | ||||||
SK Hynix, Inc. | 5,448 | 223,675 | ||||||
SundayToz Corp. (b) | 190 | 2,475 | ||||||
Texcell-NetCom Co., Ltd. (b) | 1,134 | 2,244 | ||||||
Tovis Co., Ltd. | 124 | 1,956 | ||||||
WeMade Entertainment Co., Ltd. (b) | 78 | 2,830 | ||||||
Wonik IPS Co., Ltd. (b) | 334 | 3,342 | ||||||
2,452,262 | ||||||||
SPAIN — 1.7% | ||||||||
Amadeus IT Holding SA | 4,059 | 174,200 | ||||||
Indra Sistemas SA (a) | 1,626 | 19,087 | ||||||
193,287 | ||||||||
SWEDEN — 4.1% | ||||||||
Hexagon AB, (Class B) | 2,757 | 98,016 | ||||||
Net Entertainment NE AB (Class B) (b) | 105 | 3,616 | ||||||
Telefonaktiebolaget LM Ericsson (Class B) | 30,607 | 384,715 | ||||||
486,347 | ||||||||
SWITZERLAND — 1.2% | ||||||||
Logitech International SA | 2,115 | 27,981 | ||||||
Myriad Group AG (b) | 738 | 3,267 | ||||||
STMicroelectronics NV | 7,558 | 70,539 | ||||||
Temenos Group AG (b) | 1,109 | 38,249 | ||||||
140,036 | ||||||||
UNITED KINGDOM — 4.9% | ||||||||
ARM Holdings PLC | 14,322 | 234,934 | ||||||
Aveva Group PLC | 1,162 | 25,530 | ||||||
CSR PLC | 1,237 | 16,040 | ||||||
Fidessa Group PLC | 165 | 5,403 | ||||||
Imagination Technologies Group PLC (b) | 3,019 | 9,447 | ||||||
Just Eat PLC (a)(b) | 2,393 | 15,489 | ||||||
Micro Focus International PLC | 734 | 12,869 | ||||||
Moneysupermarket.com Group PLC | 1,271 | 5,081 | ||||||
Pace PLC | 1,626 | 8,328 | ||||||
Playtech PLC | 492 | 5,682 | ||||||
RM PLC | 531 | 1,131 | ||||||
Sage Group PLC | 16,691 | 115,638 | ||||||
Spectris PLC | 1,756 | 56,307 | ||||||
Spirent Communications PLC | 10,510 | 13,613 | ||||||
Telecity Group PLC | 3,007 | 39,059 | ||||||
Xaar PLC | 447 | 2,734 |
See accompanying notes to financial statements.
370
SPDR S&P International Technology Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
Zoopla Property Group PLC (a)(c) | 1,428 | $ | 3,831 | |||||
571,116 | ||||||||
UNITED STATES — 0.1% | ||||||||
Kofax, Ltd. (a)(b) | 268 | 2,935 | ||||||
LivePerson, Inc. (b) | 297 | 3,144 | ||||||
6,079 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $11,154,273) | 11,698,961 | |||||||
SHORT TERM INVESTMENTS — 7.3% | ||||||||
UNITED STATES — 7.3% | ||||||||
MONEY MARKET FUNDS — 7.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (d)(e) | 844,206 | 844,206 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (e)(f) | 14,630 | 14,630 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $858,836) | 858,836 | |||||||
TOTAL INVESTMENTS — 106.9% | ||||||||
(Cost $12,013,109) | 12,557,797 | |||||||
OTHER ASSETS & LIABILITIES — (6.9)% | (810,373 | ) | ||||||
NET ASSETS — 100.0% | $ | 11,747,424 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(c) | Security purchased pursuant to Rule 144A of the Securities Act of 1933. This security, which represents 0.0% of net assets as of March 31, 2015, is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
(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.
371
SPDR S&P International Telecommunications Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AUSTRALIA — 4.8% | ||||||||
M2 Group, Ltd. | 21,373 | $ | 165,565 | |||||
Telstra Corp., Ltd. | 370,195 | 1,784,534 | ||||||
TPG Telecom, Ltd. | 31,958 | 223,879 | ||||||
2,173,978 | ||||||||
BELGIUM — 0.9% | ||||||||
Belgacom SA | 11,892 | 416,048 | ||||||
CANADA — 4.2% | ||||||||
BCE, Inc. (a) | 3,131 | 132,558 | ||||||
BCE, Inc. (a) | 15,487 | 656,029 | ||||||
Rogers Communications, Inc. (Class B) | 15,545 | 520,446 | ||||||
TELUS Corp. | 18,070 | 600,647 | ||||||
1,909,680 | ||||||||
DENMARK — 1.1% | ||||||||
TDC A/S | 71,494 | 511,846 | ||||||
FINLAND — 0.7% | ||||||||
Elisa Oyj | 13,156 | 330,631 | ||||||
FRANCE — 5.6% | ||||||||
Iliad SA | 2,252 | 525,572 | ||||||
Orange SA | 123,635 | 1,987,112 | ||||||
2,512,684 | ||||||||
GERMANY — 8.7% | ||||||||
Deutsche Telekom AG | 164,899 | 3,019,580 | ||||||
Drillisch AG | 4,747 | 186,215 | ||||||
Freenet AG | 12,280 | 370,273 | ||||||
Telefonica Deutschland Holding AG (b) | 59,156 | 341,556 | ||||||
3,917,624 | ||||||||
HONG KONG — 1.9% | ||||||||
Alibaba Health Information Technology, Ltd. (b)(c) | 196,000 | 171,401 | ||||||
HKT Trust/HKT, Ltd. | 336,064 | 433,027 | ||||||
PCCW, Ltd. | 443,111 | 270,334 | ||||||
874,762 | ||||||||
ISRAEL — 0.7% | ||||||||
Bezeq The Israeli Telecommunication Corp., Ltd. | 174,204 | 325,042 | ||||||
ITALY — 3.3% | ||||||||
Telecom Italia SpA (a)(b) | 978,707 | 1,147,835 | ||||||
Telecom Italia SpA (a) | 333,015 | 312,951 | ||||||
1,460,786 | ||||||||
JAPAN — 20.7% | ||||||||
KDDI Corp. | 99,831 | 2,264,667 | ||||||
Nippon Telegraph & Telephone Corp. | 31,713 | 1,956,065 | ||||||
NTT DoCoMo, Inc. (d) | 118,587 | 2,062,232 | ||||||
Softbank Corp. | 52,159 | 3,035,813 | ||||||
9,318,777 | ||||||||
LUXEMBOURG — 1.3% | ||||||||
COLT Group SA (b) | 86,922 | 173,037 | ||||||
Millicom International Cellular SA | 5,700 | 412,428 | ||||||
585,465 | ||||||||
NETHERLANDS — 2.1% | ||||||||
Koninklijke KPN NV | 274,184 | 930,242 | ||||||
NEW ZEALAND — 0.6% | ||||||||
Chorus, Ltd. (b) | 36,306 | 77,594 | ||||||
Spark New Zealand, Ltd. | 86,720 | 193,793 | ||||||
271,387 | ||||||||
NORWAY — 2.6% | ||||||||
Telenor ASA | 58,124 | 1,174,871 | ||||||
SINGAPORE — 5.1% | ||||||||
Singapore Telecommunications, Ltd. | 652,839 | 2,084,592 | ||||||
StarHub, Ltd. | 71,000 | 225,158 | ||||||
2,309,750 | ||||||||
SOUTH KOREA — 3.0% | ||||||||
KT Corp. ADR (b) | 22,912 | 299,689 | ||||||
LG Uplus Corp. | 19,829 | 196,601 | ||||||
SK Telecom Co., Ltd. ADR (d) | 30,690 | 835,075 | ||||||
1,331,365 | ||||||||
SPAIN — 6.9% | ||||||||
Telefonica SA | 217,710 | 3,100,459 | ||||||
SWEDEN — 3.4% | ||||||||
Tele2 AB | 27,031 | 323,154 | ||||||
TeliaSonera AB | 187,022 | 1,188,398 | ||||||
1,511,552 | ||||||||
SWITZERLAND — 2.5% | ||||||||
Swisscom AG | 1,896 | 1,101,917 | ||||||
UNITED KINGDOM — 19.5% | ||||||||
BT Group PLC | 436,483 | 2,838,063 | ||||||
Cable & Wireless Communications PLC | 273,125 | 247,124 | ||||||
Inmarsat PLC | 39,141 | 537,761 | ||||||
Jazztel PLC (b) | 18,063 | 246,085 | ||||||
TalkTalk Telecom Group PLC (d) | 48,825 | 249,406 | ||||||
Vodafone Group PLC | 1,416,654 | 4,636,117 | ||||||
8,754,556 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $43,649,248) | 44,823,422 | |||||||
RIGHTS — 0.1% | ||||||||
SPAIN — 0.1% | ||||||||
Telefonica SA (expiring 4/10/15) (b) (Cost $0) | 217,710 | 35,073 | ||||||
SHORT TERM INVESTMENTS — 4.4% | ||||||||
UNITED STATES — 4.4% | ||||||||
MONEY MARKET FUNDS — 4.4% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (e)(f) | 1,932,023 | 1,932,023 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (f)(g) | 45,930 | 45,930 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $1,977,953) | 1,977,953 | |||||||
TOTAL INVESTMENTS — 104.1% | ||||||||
(Cost $45,627,201) | 46,836,448 | |||||||
OTHER ASSETS & LIABILITIES — (4.1)% | (1,824,416 | ) | ||||||
NET ASSETS — 100.0% | $ | 45,012,032 | ||||||
See accompanying notes to financial statements.
372
SPDR S&P International Telecommunications Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
(a) | Reflects separate holdings of the issuer’s common stock traded on different securities exchanges. | |||||
(b) | Non-income producing security | |||||
(c) | Security is valued at fair value as determined in good faith by the Trust’s Oversight Committee in accordance with procedures approved by the Board of Trustees. Security value is determined based on Level 2 inputs (Note 2). | |||||
(d) | A portion of the security was on loan at March 31, 2015. | |||||
(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
PLC = Public Limited Company
See accompanying notes to financial statements.
373
SPDR S&P International Utilities Sector ETF
SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
COMMON STOCKS — 99.6% | ||||||||
AUSTRALIA — 4.1% | ||||||||
AGL Energy, Ltd. | 39,051 | $ | 453,462 | |||||
APA Group | 63,615 | 439,818 | ||||||
AusNet Services (a) | 94,349 | 105,234 | ||||||
DUET Group (a) | 79,415 | 154,706 | ||||||
Energy World Corp., Ltd. (b) | 43,549 | 12,809 | ||||||
ERM Power, Ltd. | 8,612 | 14,935 | ||||||
Infigen Energy (b) | 47,614 | 10,185 | ||||||
Spark Infrastructure Group (a) | 78,289 | 118,421 | ||||||
1,309,570 | ||||||||
AUSTRIA — 0.3% | ||||||||
EVN AG | 1,641 | 18,453 | ||||||
Verbund AG (a) | 3,711 | 62,096 | ||||||
80,549 | ||||||||
BELGIUM — 0.3% | ||||||||
Elia System Operator SA/NV | 1,950 | 82,055 | ||||||
CANADA — 5.5% | ||||||||
Algonquin Power & Utilities Corp. (a) | 9,659 | 71,384 | ||||||
Atco, Ltd. (Class I) | 4,378 | 155,970 | ||||||
Atlantic Power Corp. (a) | 6,667 | 18,740 | ||||||
Boralex, Inc. (Class A) | 996 | 10,444 | ||||||
Canadian Utilities, Ltd. (Class A) | 6,885 | 216,199 | ||||||
Capital Power Corp. (a) | 4,835 | 93,570 | ||||||
Capstone Infrastructure Corp. | 5,486 | 15,377 | ||||||
Emera, Inc. | 8,316 | 270,524 | ||||||
Fortis, Inc. (a) | 15,894 | 484,161 | ||||||
Innergex Renewable Energy, Inc. | 4,795 | 42,403 | ||||||
Just Energy Group, Inc. (a) | 6,225 | 29,098 | ||||||
Northland Power, Inc. (a) | 6,063 | 82,867 | ||||||
Superior Plus Corp. (a) | 7,547 | 84,557 | ||||||
TransAlta Corp. (a) | 15,593 | 144,665 | ||||||
TransAlta Renewables, Inc. | 1,276 | 12,644 | ||||||
Valener, Inc. (a) | 2,250 | 30,770 | ||||||
1,763,373 | ||||||||
CHINA — 1.2% | ||||||||
China Everbright Water, Ltd. (c)(d) | 155,781 | 106,894 | ||||||
China Everbright Water, Ltd. (b)(d) | 31,200 | 21,495 | ||||||
ENN Energy Holdings, Ltd. | 43,000 | 263,722 | ||||||
392,111 | ||||||||
FINLAND — 1.6% | ||||||||
Fortum Oyj (a) | 24,817 | 521,341 | ||||||
FRANCE — 9.7% | ||||||||
Albioma SA | 969 | 18,514 | ||||||
EDF SA | 16,935 | 406,324 | ||||||
GDF Suez | 86,722 | 1,714,231 | ||||||
Rubis SCA (a) | 2,104 | 133,571 | ||||||
Suez Environnement Co. | 19,627 | 337,797 | ||||||
Theolia SA (b) | 11,016 | 8,163 | ||||||
Veolia Environnement SA | 27,213 | 514,829 | ||||||
3,133,429 | ||||||||
GERMANY — 7.6% | ||||||||
E.ON SE | 114,204 | 1,703,065 | ||||||
RWE AG | 29,285 | 747,931 | ||||||
2,450,996 | ||||||||
HONG KONG — 9.1% | ||||||||
Canvest Environment Protection Group Co., Ltd. (b) | 34,000 | 13,463 | ||||||
Cheung Kong Infrastructure Holdings, Ltd. | 32,000 | 275,092 | ||||||
China Ruifeng Renewable Energy, Ltd. (b) | 80,000 | 9,699 | ||||||
China Water Industry Group, Ltd. (a)(b) | 57,045 | 13,538 | ||||||
CLP Holdings, Ltd. | 110,000 | 961,235 | ||||||
Hong Kong & China Gas Co., Ltd. | 366,223 | 847,414 | ||||||
Power Assets Holdings, Ltd. | 75,500 | 772,232 | ||||||
Towngas China Co., Ltd. (a) | 50,000 | 45,724 | ||||||
Zhongyu Gas Holdings, Ltd. (b) | 46,000 | 13,646 | ||||||
2,952,043 | ||||||||
ITALY — 9.4% | ||||||||
A2A SpA | 77,742 | 80,781 | ||||||
ACEA SpA | 2,682 | 34,421 | ||||||
Ascopiave SpA | 4,528 | 11,506 | ||||||
Edison SpA | 6,490 | 5,831 | ||||||
Enel Green Power SpA | 89,892 | 167,890 | ||||||
Enel SpA | 370,641 | 1,676,664 | ||||||
Falck Renewables SpA | 4,331 | 5,596 | ||||||
Hera SpA | 35,722 | 83,867 | ||||||
Iren SpA | 30,626 | 41,970 | ||||||
Snam SpA | 121,874 | 591,635 | ||||||
Terna Rete Elettrica Nazionale SpA | 79,960 | 352,096 | ||||||
3,052,257 | ||||||||
JAPAN — 13.2% | ||||||||
Chubu Electric Power Co., Inc. | 41,088 | 491,309 | ||||||
Chugoku Electric Power Co., Inc. (a) | 17,587 | 229,654 | ||||||
Electric Power Development Co., Ltd. | 9,700 | 327,580 | ||||||
Eneres Co., Ltd. (a)(b) | 2,100 | 6,427 | ||||||
Hokkaido Electric Power Co., Inc. (a)(b) | 12,300 | 96,923 | ||||||
Hokuriku Electric Power Co. | 11,594 | 153,813 | ||||||
Japan Wind Development Co., Ltd. (b) | 700 | 3,368 | ||||||
K&O Energy Group, Inc. | 797 | 9,975 | ||||||
Kansai Electric Power Co., Inc. (b) | 46,298 | 442,615 | ||||||
Kyushu Electric Power Co., Inc. (a)(b) | 27,092 | 263,183 | ||||||
Okinawa Electric Power Co., Inc. | 1,000 | 36,231 | ||||||
Osaka Gas Co., Ltd. | 119,958 | 502,838 | ||||||
Saibu Gas Co., Ltd. | 20,000 | 45,028 | ||||||
Shikoku Electric Power Co., Inc. (a)(b) | 11,800 | 145,624 | ||||||
Shizuoka Gas Co., Ltd. | 3,900 | 25,886 | ||||||
Toho Gas Co., Ltd. | 29,000 | 169,514 | ||||||
Tohoku Electric Power Co., Inc. | 28,672 | 326,587 | ||||||
Tokyo Electric Power Co., Inc. (b) | 45,899 | 174,143 | ||||||
Tokyo Gas Co., Ltd. | 130,958 | 825,770 | ||||||
4,276,468 | ||||||||
NEW ZEALAND — 1.4% | ||||||||
Contact Energy, Ltd. | 20,375 | 91,370 | ||||||
Genesis Energy, Ltd. | 28,311 | 47,556 | ||||||
Infratil, Ltd. | 30,827 | 73,513 | ||||||
Meridian Energy, Ltd. | 73,450 | 111,537 | ||||||
Mighty River Power, Ltd. | 38,388 | 89,240 | ||||||
TrustPower, Ltd. | 3,162 | 18,851 | ||||||
Vector, Ltd. | 14,749 | 34,066 | ||||||
466,133 | ||||||||
See accompanying notes to financial statements.
374
SPDR S&P International Utilities Sector ETF
SCHEDULE OF INVESTMENTS (continued)
SCHEDULE OF INVESTMENTS (continued)
March 31, 2015 (Unaudited)
Security Description | Shares | Value | ||||||
NORWAY — 0.0% (e) | ||||||||
Scatec Solar ASA (b)(c) | 1,836 | $ | 8,201 | |||||
PORTUGAL — 1.8% | ||||||||
EDP — Energias de Portugal SA | 148,003 | 553,959 | ||||||
REN — Redes Energeticas Nacionais SGPS SA | 4,386 | 12,869 | ||||||
566,828 | ||||||||
SINGAPORE — 0.2% | ||||||||
CitySpring Infrastructure Trust (a) | 56,400 | 22,203 | ||||||
Hyflux, Ltd. (a) | 36,800 | 24,548 | ||||||
Kenon Holdings, Ltd. (b) | 1,065 | 20,621 | ||||||
67,372 | ||||||||
SOUTH KOREA — 2.2% | ||||||||
Busan City Gas Co., Ltd. | 58 | 1,754 | ||||||
E1 Corp. | 123 | 7,262 | ||||||
Hanjin Heavy Industries & Construction Holdings Co., Ltd. | 683 | 4,734 | ||||||
Kg Eco Technology Service Co., Ltd. | 1,156 | 5,710 | ||||||
Korea District Heating Corp. | 174 | 8,657 | ||||||
Korea Electric Power Corp. ADR (b) | 29,576 | 606,308 | ||||||
Korea Gas Corp. | 1,533 | 55,961 | ||||||
KyungDong City Gas Co., Ltd. | 125 | 12,112 | ||||||
Samchully Co., Ltd. | 120 | 12,763 | ||||||
715,261 | ||||||||
SPAIN — 11.1% | ||||||||
Acciona SA (b) | 1,448 | 111,629 | ||||||
EDP Renovaveis SA (a) | 12,067 | 82,944 | ||||||
Enagas SA | 12,266 | 350,815 | ||||||
Endesa SA | 4,963 | 95,944 | ||||||
Gas Natural SDG SA | 20,514 | 460,800 | ||||||
Iberdrola SA | 305,979 | 1,972,385 | ||||||
Red Electrica Corp. SA | 6,164 | 501,409 | ||||||
3,575,926 | ||||||||
SWITZERLAND — 0.2% | ||||||||
Alpiq Holding AG (a)(b) | 276 | 22,250 | ||||||
BKW AG | 629 | 21,953 | ||||||
Energiedienst Holding AG | 351 | 10,624 | ||||||
54,827 | ||||||||
UNITED KINGDOM — 20.7% | ||||||||
Abengoa Yield PLC | 2,012 | 67,965 | ||||||
Centrica PLC | 291,272 | 1,093,956 | ||||||
Drax Group PLC | 23,341 | 126,090 | ||||||
Infinis Energy PLC | 5,546 | 15,470 | ||||||
National Grid PLC | 219,980 | 2,823,769 | ||||||
Pennon Group PLC | 22,672 | 278,004 | ||||||
Renewables Infrastructure Group, Ltd. | 20,651 | 31,653 | ||||||
Severn Trent PLC | 13,555 | 414,321 | ||||||
SSE PLC | 56,408 | 1,254,391 | ||||||
Telecom Plus PLC (a) | 3,720 | 48,044 | ||||||
United Utilities Group PLC | 38,857 | 538,185 | ||||||
6,691,848 | ||||||||
TOTAL COMMON STOCKS — | ||||||||
(Cost $37,005,529) | 32,160,588 | |||||||
WARRANTS — 0.0% (e) | ||||||||
FRANCE — 0.0% (e) | ||||||||
Theolia SA (expiring 6/9/16) (b) (Cost $0) | 12,075 | 830 | ||||||
SHORT TERM INVESTMENTS — 5.3% | ||||||||
UNITED STATES — 5.3% | ||||||||
MONEY MARKET FUNDS — 5.3% | ||||||||
State Street Navigator Securities Lending Prime Portfolio (f)(g) | 1,662,199 | 1,662,199 | ||||||
State Street Institutional Liquid Reserves Fund, Premier Class 0.10% (g)(h) | 62,071 | 62,071 | ||||||
TOTAL SHORT TERM INVESTMENT — | ||||||||
(Cost $1,724,270) | 1,724,270 | |||||||
TOTAL INVESTMENTS — 104.9% | ||||||||
(Cost $38,729,799) | 33,885,688 | |||||||
OTHER ASSETS & LIABILITIES — (4.9)% | (1,581,531 | ) | ||||||
NET ASSETS — 100.0% | $ | 32,304,157 | ||||||
(a) | A portion of the security was on loan at March 31, 2015. | |||||
(b) | Non-income producing security | |||||
(c) | Securities purchased pursuant to Rule 144A of the Securities Act of 1933. These securities, which represent 0.4% of net assets as of March 31, 2015, are 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) | 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
PLC = Public Limited Company
SCA = Societe en Commandite par Actions (partnership limited by shares)
See accompanying notes to financial statements.
375
SPDR INDEX SHARES FUNDS
STATEMENTS OF ASSETS AND LIABILITIES
STATEMENTS OF ASSETS AND LIABILITIES
March 31, 2015 (Unaudited)
SPDR S&P | ||||||||||||||||||||||||||||||||||||||||
Emerging | SPDR S&P | |||||||||||||||||||||||||||||||||||||||
SPDR STOXX | SPDR EURO | SPDR EURO | SPDR S&P Emerging | SPDR S&P Emerging | Markets | SPDR S&P | Emerging | |||||||||||||||||||||||||||||||||
Europe | STOXX | STOXX | Asia Pacific | SPDR S&P Russia | SPDR S&P | Markets | Dividend | BRIC | Europe | |||||||||||||||||||||||||||||||
50 ETF | 50 ETF | Small Cap ETF | ETF | ETF | China ETF | ETF | ETF | 40 ETF | ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 259,048,673 | $ | 4,666,250,216 | $ | 5,117,038 | $ | 734,987,414 | $ | 30,213,168 | $ | 1,115,834,653 | $ | 195,162,289 | $ | 422,062,867 | $ | 109,697,792 | $ | 49,503,368 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value* (Notes 2 and 3) | 13,131,294 | 151,058,848 | 557 | 44,266,646 | 278,913 | 105,180,120 | 11,002,955 | 60,016,559 | 10,444,120 | 251,583 | ||||||||||||||||||||||||||||||
Total Investments | 272,179,967 | 4,817,309,064 | 5,117,595 | 779,254,060 | 30,492,081 | 1,221,014,773 | 206,165,244 | 482,079,426 | 120,141,912 | 49,754,951 | ||||||||||||||||||||||||||||||
Cash | — | — | — | 15,674 | — | 80,150 | 982 | — | — | — | ||||||||||||||||||||||||||||||
Foreign currency, at value | 796,644 | 3,665,357 | 1,018 | 1,098,255 | 370 | 69,228 | 2,913,918 | 279,708 | 4,221 | 129,134 | ||||||||||||||||||||||||||||||
Initial margin deposit on futures | — | — | — | — | — | — | 200,459 | — | — | — | ||||||||||||||||||||||||||||||
Receivable for investments sold | — | 46,517,570 | — | — | — | 1,010,925 | — | — | 2,248,300 | — | ||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | 15,911,003 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | 452,523 | 1,085,863 | 3,384 | — | — | — | 408 | 16,405 | 3,183 | 1,677 | ||||||||||||||||||||||||||||||
Dividends and interest receivable — unaffiliated issuers | 961,048 | 1,766,323 | 4,151 | 670,798 | — | 420,858 | 279,650 | 1,672,844 | 25,564 | 46,830 | ||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 50 | 249 | — | 177 | 14 | 106 | 157 | 39 | 28 | 13 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 274,390,232 | 4,886,255,429 | 5,126,148 | 781,038,964 | 30,492,465 | 1,222,596,040 | 209,560,818 | 484,048,422 | 122,423,208 | 49,932,605 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 10,884,258 | 145,787,382 | — | 41,876,836 | — | 103,521,859 | 9,213,999 | 58,975,610 | 9,994,758 | 78,000 | ||||||||||||||||||||||||||||||
Payable for investments purchased | — | 64,049,937 | — | — | — | — | 110,043 | — | — | — | ||||||||||||||||||||||||||||||
Payable for fund shares repurchased | — | — | — | — | — | — | — | — | 2,245,658 | — | ||||||||||||||||||||||||||||||
Payable for variation margin on futures contracts | — | — | — | — | — | — | 29,406 | — | — | — | ||||||||||||||||||||||||||||||
Distributions payable | 2,153,716 | 5,210,641 | — | — | — | — | — | 1,009,137 | — | — | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 176,943 | 2,977,260 | 5,546 | 918,786 | 41,120 | 1,555,355 | 313,738 | 561,346 | 145,414 | 65,181 | ||||||||||||||||||||||||||||||
Deferred foreign taxes payable | — | — | — | 1,484,128 | — | — | 231,299 | 305,263 | — | — | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 202 | 4,211 | 12 | 400 | 4 | 350 | 337 | 346 | 157 | 72 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 13,215,119 | 218,029,431 | 5,558 | 44,280,150 | 41,124 | 105,077,564 | 9,898,822 | 60,851,702 | 12,385,987 | 143,253 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 261,175,113 | $ | 4,668,225,998 | $ | 5,120,590 | $ | 736,758,814 | $ | 30,451,341 | $ | 1,117,518,476 | $ | 199,661,996 | $ | 423,196,720 | $ | 110,037,221 | $ | 49,789,352 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 308,675,149 | $ | 4,816,252,234 | $ | 6,262,493 | $ | 685,616,620 | $ | 49,228,196 | $ | 1,125,195,682 | $ | 236,737,792 | $ | 616,232,462 | $ | 231,532,372 | $ | 133,309,201 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (784,655 | ) | (11,661,841 | ) | 32,426 | (550,706 | ) | (89,452 | ) | (1,145,157 | ) | 402,986 | (636,733 | ) | (44,889 | ) | (70,635 | ) | ||||||||||||||||||||||
Accumulated net realized gain (loss) on investments, foreign currency transactions and futures | (28,790,651 | ) | (156,766,032 | ) | (679,797 | ) | (37,602,458 | ) | (4,767,253 | ) | (106,971,214 | ) | (15,339,804 | ) | (140,670,167 | ) | (99,968,604 | ) | (42,631,394 | ) | ||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments (net of deferred foreign taxes of $0, $0, $0, $1,484,128, $0, $0, $231,299, $306,439, $0, $0, respectively) | (17,875,214 | ) | 20,754,718 | (493,840 | ) | 89,303,676 | (13,920,143 | ) | 100,439,045 | (22,048,709 | ) | (51,719,753 | ) | (21,481,657 | ) | (40,810,359 | ) | |||||||||||||||||||||||
Foreign currency | (49,516 | ) | (353,081 | ) | (692 | ) | (8,318 | ) | (7 | ) | 120 | (60,863 | ) | (9,089 | ) | (1 | ) | (7,461 | ) | |||||||||||||||||||||
Futures | — | — | — | — | — | — | (29,406 | ) | — | — | — | |||||||||||||||||||||||||||||
NET ASSETS | $ | 261,175,113 | $ | 4,668,225,998 | $ | 5,120,590 | $ | 736,758,814 | $ | 30,451,341 | $ | 1,117,518,476 | $ | 199,661,996 | $ | 423,196,720 | $ | 110,037,221 | $ | 49,789,352 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 35.06 | $ | 38.77 | $ | 51.21 | $ | 87.71 | $ | 16.46 | $ | 84.02 | $ | 64.41 | $ | 33.19 | $ | 22.46 | $ | 27.66 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 7,450,370 | 120,400,967 | 100,000 | 8,400,000 | 1,850,000 | 13,300,000 | 3,100,000 | 12,750,000 | 4,900,000 | 1,800,000 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 276,923,887 | $ | 4,645,495,498 | $ | 5,610,878 | $ | 644,199,610 | $ | 44,133,311 | $ | 1,015,395,608 | $ | 216,979,699 | $ | 473,476,181 | $ | 131,179,449 | $ | 90,313,727 | ||||||||||||||||||||
Affiliated issuers | 13,131,294 | 151,058,848 | 557 | 44,266,646 | 278,913 | 105,180,120 | 11,002,955 | 60,016,559 | 10,444,120 | 251,583 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 290,055,181 | $ | 4,796,554,346 | $ | 5,611,435 | $ | 688,466,256 | $ | 44,412,224 | $ | 1,120,575,728 | $ | 227,982,654 | $ | 533,492,740 | $ | 141,623,569 | $ | 90,565,310 | ||||||||||||||||||||
Foreign currency, at cost | $ | 809,832 | $ | 3,743,162 | $ | 1,050 | $ | 1,104,353 | $ | 377 | $ | 69,303 | $ | 2,967,668 | $ | 281,531 | $ | 4,222 | $ | 136,347 | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 10,138,605 | $ | 136,642,628 | $ | — | $ | 40,672,029 | $ | — | $ | 101,853,712 | $ | 10,327,589 | $ | 55,794,805 | $ | 10,370,354 | $ | 75,738 | ||||||||||||||||||||
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, 2015 (Unaudited)
SPDR S&P | SPDR S&P | SPDR MSCI | ||||||||||||||||||||||||||||||||||||||
SPDR S&P | Emerging Middle | SPDR S&P | SPDR S&P | SPDR Dow Jones | Global | SPDR S&P | SPDR MSCI | ACWI Low | ||||||||||||||||||||||||||||||||
Emerging Latin | East & Africa | World ex-US | International | International | Infrastructure | Global Natural | ACWI ex-US | SPDR MSCI | Carbon Target | |||||||||||||||||||||||||||||||
America ETF | ETF | ETF | Small Cap ETF | Real Estate ETF | ETF | Resources ETF | ETF | ACWI IMI ETF | ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 33,137,478 | $ | 48,105,012 | $ | 750,039,406 | $ | 695,653,570 | $ | 5,050,359,303 | $ | 120,411,943 | $ | 667,272,681 | $ | 681,799,791 | $ | 64,990,084 | $ | 89,649,795 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value* (Notes 2 and 3) | 4,648,792 | 1,658,591 | 55,766,279 | 93,654,077 | 112,135,280 | 11,342,140 | 70,371,816 | 45,593,004 | 10,110,380 | 218,830 | ||||||||||||||||||||||||||||||
Total Investments | 37,786,270 | 49,763,603 | 805,805,685 | 789,307,647 | 5,162,494,583 | 131,754,083 | 737,644,497 | 727,392,795 | 75,100,464 | 89,868,625 | ||||||||||||||||||||||||||||||
Cash | — | — | 998 | 2,105 | 148 | — | — | — | — | — | ||||||||||||||||||||||||||||||
Foreign currency, at value | 44,866 | 692,275 | 1,990,806 | 1,869,408 | 5,039,424 | 210,993 | 1,812,520 | 5,453,795 | 79,821 | 87,949 | ||||||||||||||||||||||||||||||
Receivable for investments sold | — | 2,184 | 215,814 | 1,188,981 | — | 6,124,648 | — | 20,894,376 | 23,015 | 9,525 | ||||||||||||||||||||||||||||||
Receivable for fund shares sold | — | — | — | — | — | — | 12,971,570 | — | — | — | ||||||||||||||||||||||||||||||
Receivable for foreign currency contracts sold | — | 270,187 | — | — | 5,602,754 | 3,790,099 | — | 14,611,155 | — | — | ||||||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | 174 | — | 689,404 | 247,911 | 1,260,587 | 25,707 | 232,295 | 480,632 | 12,561 | 12,353 | ||||||||||||||||||||||||||||||
Dividends and interest receivable — unaffiliated issuers | 77,648 | 105,147 | 3,297,288 | 3,269,439 | 13,953,026 | 156,531 | 1,396,103 | 2,550,579 | 157,676 | 206,698 | ||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 4 | 2 | 18 | 110 | 653 | 9 | 76 | 39 | 329 | 364 | ||||||||||||||||||||||||||||||
Due from Investment Adviser | — | — | — | — | — | — | — | — | — | 27,012 | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 37,908,962 | 50,833,398 | 812,000,013 | 795,885,601 | 5,188,351,175 | 142,062,070 | 754,057,061 | 771,383,371 | 75,373,866 | 90,212,526 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 4,630,361 | 1,658,591 | 55,322,052 | 92,302,157 | 85,444,356 | 11,133,914 | 69,609,983 | 45,593,004 | 9,768,492 | — | ||||||||||||||||||||||||||||||
Payable for investments purchased | 69 | — | — | 193,341 | 7,553,872 | 6,555,409 | 13,000,601 | 20,907,762 | — | — | ||||||||||||||||||||||||||||||
Due to custodian | — | 368,376 | — | — | — | — | — | 3,435,473 | — | — | ||||||||||||||||||||||||||||||
Payable for foreign currency contracts purchased | — | 272,431 | — | — | 5,595,496 | 3,795,545 | — | 14,570,166 | — | — | ||||||||||||||||||||||||||||||
Distributions payable | — | — | — | — | 18,891,378 | — | — | — | — | — | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 45,579 | 71,130 | 609,281 | 768,074 | 7,414,087 | 111,365 | 654,626 | 585,962 | 40,030 | 65,848 | ||||||||||||||||||||||||||||||
Deferred foreign taxes payable | — | — | — | — | — | — | — | 59,656 | — | 22 | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 60 | 42 | 531 | 801 | 2,896 | 72 | 223 | 26 | 17 | 48 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 4,676,069 | 2,370,570 | 55,931,864 | 93,264,373 | 124,902,085 | 21,596,305 | 83,265,433 | 85,152,049 | 9,808,539 | 65,918 | ||||||||||||||||||||||||||||||
NET ASSETS | $ | 33,232,893 | $ | 48,462,828 | $ | 756,068,149 | $ | 702,621,228 | $ | 5,063,449,090 | $ | 120,465,765 | $ | 670,791,628 | $ | 686,231,322 | $ | 65,565,327 | $ | 90,146,608 | ||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 77,329,688 | $ | 77,024,483 | $ | 720,487,310 | $ | 789,853,483 | $ | 5,175,531,072 | $ | 135,092,196 | $ | 832,660,293 | $ | 762,556,883 | $ | 63,053,507 | $ | 88,300,106 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | 154,298 | 251,437 | 2,815,730 | (2,389,166 | ) | (190,351,082 | ) | 453,908 | 4,274,920 | 3,522,466 | 366,701 | 430,864 | ||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (18,080,673 | ) | (23,334,912 | ) | (897,400 | ) | (10,286,060 | ) | (636,359,909 | ) | (17,666,978 | ) | (76,393,079 | ) | (63,482,753 | ) | 182,303 | 35,259 | ||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments (net of deferred foreign taxes of $0, $0, $0, $0, $0, $0, $0, $58,254, $0, $22, respectively) | (26,163,554 | ) | (5,471,632 | ) | 33,772,744 | (74,449,145 | ) | 714,923,092 | 2,599,984 | (89,709,465 | ) | (16,250,083 | ) | 1,964,653 | 1,383,622 | |||||||||||||||||||||||||
Foreign currency | (6,866 | ) | (6,548 | ) | (110,235 | ) | (107,884 | ) | (294,083 | ) | (13,345 | ) | (41,041 | ) | (115,191 | ) | (1,837 | ) | (3,243 | ) | ||||||||||||||||||||
NET ASSETS | $ | 33,232,893 | $ | 48,462,828 | $ | 756,068,149 | $ | 702,621,228 | $ | 5,063,449,090 | $ | 120,465,765 | $ | 670,791,628 | $ | 686,231,322 | $ | 65,565,327 | $ | 90,146,608 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 47.48 | $ | 69.23 | $ | 28.21 | $ | 28.91 | $ | 43.30 | $ | 48.19 | $ | 42.86 | $ | 34.66 | $ | 65.57 | $ | 75.12 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 700,000 | 700,000 | 26,800,000 | 24,300,000 | 116,935,379 | 2,500,000 | 15,650,000 | 19,800,000 | 1,000,000 | 1,200,000 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 59,301,032 | $ | 53,576,644 | $ | 716,266,662 | $ | 770,102,715 | $ | 4,335,436,211 | $ | 117,811,959 | $ | 756,982,146 | $ | 697,991,620 | $ | 63,032,301 | $ | 88,260,501 | ||||||||||||||||||||
Affiliated issuers | 4,648,792 | 1,658,591 | 55,766,279 | 93,654,077 | 112,135,280 | 11,342,140 | 70,371,816 | 45,593,004 | 10,103,510 | 224,480 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 63,949,824 | $ | 55,235,235 | $ | 772,032,941 | $ | 863,756,792 | $ | 4,447,571,491 | $ | 129,154,099 | $ | 827,353,962 | $ | 743,584,624 | $ | 73,135,811 | $ | 88,484,981 | ||||||||||||||||||||
Foreign currency, at cost | $ | 46,389 | $ | 696,398 | $ | 2,011,748 | $ | 1,909,437 | $ | 5,131,308 | $ | 211,840 | $ | 1,826,149 | $ | 5,495,969 | $ | 80,541 | $ | 89,581 | ||||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 4,835,948 | $ | 1,719,001 | $ | 56,544,104 | $ | 87,962,039 | $ | 80,670,877 | $ | 14,997,254 | $ | 72,410,933 | $ | 47,203,239 | $ | 10,623,360 | $ | — | ||||||||||||||||||||
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, 2015 (Unaudited)
SPDR MSCI | ||||||||||||||||||||||||||||||||||||||||
SPDR MSCI | SPDR MSCI | SPDR MSCI | Emerging | SPDR MSCI | SPDR MSCI | SPDR MSCI | SPDR MSCI | SPDR MSCI | SPDR MSCI | |||||||||||||||||||||||||||||||
EM | EM Beyond | EAFE | Markets Quality | World | Australia Quality | Canada Quality | Germany Quality | Japan | Mexico Quality | |||||||||||||||||||||||||||||||
50 ETF | BRIC ETF | Quality Mix ETF | Mix ETF | Quality Mix ETF | Mix ETF | Mix ETF | Mix ETF | Quality Mix ETF | Mix ETF | |||||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 2,323,100 | $ | 2,887,000 | $ | 5,747,970 | $ | 74,222,642 | $ | 6,211,744 | $ | 2,628,100 | $ | 2,696,974 | $ | 8,616,716 | $ | 6,474,025 | $ | 2,482,760 | ||||||||||||||||||||
Investments in securities of affiliated issuers, at value* (Notes 2 and 3) | 109,426 | 71,286 | 548 | 181,570 | 5,115 | 2,744 | 1,793 | 694 | 841 | 199 | ||||||||||||||||||||||||||||||
Total Investments | 2,432,526 | 2,958,286 | 5,748,518 | 74,404,212 | 6,216,859 | 2,630,844 | 2,698,767 | 8,617,410 | 6,474,866 | 2,482,959 | ||||||||||||||||||||||||||||||
Cash | — | — | — | 3,343 | — | — | 11 | — | — | — | ||||||||||||||||||||||||||||||
Foreign currency, at value | 7,502 | 10,892 | 16,193 | 254,508 | 15,540 | — | 10,168 | 3,956 | 13,848 | 3,967 | ||||||||||||||||||||||||||||||
Receivable for investments sold | — | — | 411 | — | 179 | 15,847 | — | — | — | — | ||||||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | — | 224 | 3,681 | 252 | 1,749 | — | — | 2,418 | 5,834 | — | ||||||||||||||||||||||||||||||
Dividends and interest receivable — unaffiliated issuers | 1,835 | 5,389 | 20,650 | 105,005 | 13,227 | 54,740 | 5,162 | — | 41,443 | — | ||||||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | — | — | — | 15 | 12 | — | — | — | — | — | ||||||||||||||||||||||||||||||
TOTAL ASSETS | 2,441,863 | 2,974,791 | 5,789,453 | 74,767,335 | 6,247,566 | 2,701,431 | 2,714,108 | 8,623,784 | 6,535,991 | 2,486,926 | ||||||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 106,619 | 70,666 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Payable for investments purchased | — | — | 5,191 | 36 | — | 16,891 | — | — | — | — | ||||||||||||||||||||||||||||||
Due to custodian | — | — | — | — | — | 6,601 | — | — | — | — | ||||||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 2,864 | 3,665 | 4,200 | 37,445 | 4,573 | 5,493 | 2,030 | 6,137 | 4,580 | 2,457 | ||||||||||||||||||||||||||||||
Deferred foreign taxes payable | — | 3,184 | — | 3,162 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 2 | 3 | 3 | 4 | 3 | 7 | 2 | 4 | 4 | 2 | ||||||||||||||||||||||||||||||
TOTAL LIABILITIES | 109,485 | 77,518 | 9,394 | 40,647 | 4,576 | 28,992 | 2,032 | 6,141 | 4,584 | 2,459 | ||||||||||||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||||||||||
NET ASSETS | $ | 2,332,378 | $ | 2,897,273 | $ | 5,780,059 | $ | 74,726,688 | $ | 6,242,990 | $ | 2,672,439 | $ | 2,712,076 | $ | 8,617,643 | $ | 6,531,407 | $ | 2,484,467 | ||||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 2,644,309 | $ | 3,040,224 | $ | 6,000,000 | $ | 73,917,015 | $ | 6,000,000 | $ | 3,065,463 | $ | 2,981,989 | $ | 8,473,312 | $ | 6,000,000 | $ | 3,000,000 | ||||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (1,863 | ) | 5,181 | 42,762 | 205,248 | 35,445 | 64,629 | 14,030 | 8,263 | 39,739 | (3,471 | ) | ||||||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (146,744 | ) | 4,935 | (11,451 | ) | (102,230 | ) | 31,081 | (84,074 | ) | 25,777 | (17,220 | ) | 501 | (14,852 | ) | ||||||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments (net of deferred foreign taxes of $0, $3,184, $0, $3,162, $0, $0, $0, $0, $0, $0, respectively) | (163,201 | ) | (152,768 | ) | (250,955 | ) | 716,807 | 177,102 | (372,876 | ) | (309,598 | ) | 153,583 | 491,772 | (497,172 | ) | ||||||||||||||||||||||||
Foreign currency | (123 | ) | (299 | ) | (297 | ) | (10,152 | ) | (638 | ) | (703 | ) | (122 | ) | (295 | ) | (605 | ) | (38 | ) | ||||||||||||||||||||
NET ASSETS | $ | 2,332,378 | $ | 2,897,273 | $ | 5,780,059 | $ | 74,726,688 | $ | 6,242,990 | $ | 2,672,439 | $ | 2,712,076 | $ | 8,617,643 | $ | 6,531,407 | $ | 2,484,467 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 46.65 | $ | 57.95 | $ | 57.80 | $ | 57.48 | $ | 62.43 | $ | 53.45 | $ | 54.24 | $ | 57.45 | $ | 65.31 | $ | 24.84 | ||||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 50,000 | 50,000 | 100,000 | 1,300,000 | 100,000 | 50,000 | 50,000 | 150,000 | 100,000 | 100,000 | ||||||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 2,486,301 | $ | 3,036,584 | $ | 5,998,925 | $ | 73,502,673 | $ | 6,034,901 | $ | 3,000,976 | $ | 3,006,572 | $ | 8,463,133 | $ | 5,982,253 | $ | 2,979,932 | ||||||||||||||||||||
Affiliated issuers | 109,426 | 71,286 | 548 | 181,570 | 4,856 | 2,744 | 1,793 | 694 | 841 | 199 | ||||||||||||||||||||||||||||||
Total cost of investments | $ | 2,595,727 | $ | 3,107,870 | $ | 5,999,473 | $ | 73,684,243 | $ | 6,039,757 | $ | 3,003,720 | $ | 3,008,365 | $ | 8,463,827 | $ | 5,983,094 | $ | 2,980,131 | ||||||||||||||||||||
Foreign currency, at cost | $ | 7,611 | $ | 11,102 | $ | 16,234 | $ | 263,743 | $ | 16,048 | $ | (6,753 | ) | $ | 10,265 | $ | 4,025 | $ | 13,882 | $ | 4,005 | |||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 102,488 | $ | 67,950 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||||||||
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, 2015 (Unaudited)
SPDR MSCI | ||||||||||||||||||||||||||||||||||||
South | SPDR MSCI | SPDR MSCI | SPDR MSCI | SPDR Russell/ | SPDR Russell/ | SPDR S&P | SPDR S&P | SPDR S&P | ||||||||||||||||||||||||||||
Korea | Spain | Taiwan Quality | United Kingdom | Nomura PRIME | Nomura Small | Global Dividend | International | International | ||||||||||||||||||||||||||||
Quality Mix ETF | Quality Mix ETF | Mix ETF | Quality Mix ETF | Japan ETF | Cap Japan ETF | ETF | Dividend ETF | Mid Cap ETF | ||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 2,665,249 | $ | 2,524,268 | $ | 6,086,891 | $ | 2,689,978 | $ | 18,617,535 | $ | 61,829,391 | $ | 52,226,926 | $ | 1,330,950,535 | $ | 50,007,298 | ||||||||||||||||||
Investments in securities of affiliated issuers, at value* (Notes 2 and 3) | 2,844 | 566 | 1,740 | 2,673 | 2,628,080 | 8,726,488 | 8,732,027 | 263,570,595 | 5,553,312 | |||||||||||||||||||||||||||
Total Investments | 2,668,093 | 2,524,834 | 6,088,631 | 2,692,651 | 21,245,615 | 70,555,879 | 60,958,953 | 1,594,521,130 | 55,560,610 | |||||||||||||||||||||||||||
Foreign currency, at value | 4,644 | 6,846 | 208 | 2,881 | 27,999 | 489,094 | 210,114 | 3,114,011 | 153,987 | |||||||||||||||||||||||||||
Receivable for investments sold | — | — | — | 1,377 | — | — | — | — | — | |||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | — | 563 | — | 178 | 54,974 | 28,572 | 21,477 | 130,551 | 16,896 | |||||||||||||||||||||||||||
Dividends and interest receivable — unaffiliated issuers | 25,778 | — | — | 28,080 | 137,166 | 474,320 | 168,486 | 5,456,307 | 200,926 | |||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | — | — | — | — | 1 | 4 | 12 | 170 | 9 | |||||||||||||||||||||||||||
TOTAL ASSETS | 2,698,515 | 2,532,243 | 6,088,839 | 2,725,167 | 21,465,755 | 71,547,869 | 61,359,042 | 1,603,222,169 | 55,932,428 | |||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | — | — | — | — | 2,609,030 | 8,669,834 | 8,361,230 | 256,793,287 | 5,508,069 | |||||||||||||||||||||||||||
Payable for investments purchased | — | 4,937 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Distributions payable | — | — | — | — | — | — | 292,244 | 6,452,139 | — | |||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 2,615 | 5,082 | 5,938 | 3,880 | 16,311 | 67,310 | 45,769 | 1,522,089 | 60,284 | |||||||||||||||||||||||||||
Deferred foreign taxes payable | — | — | — | — | — | — | — | 96,260 | — | |||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 2 | 7 | 3 | 4 | 53 | 70 | 24 | 1,269 | 88 | |||||||||||||||||||||||||||
TOTAL LIABILITIES | 2,617 | 10,026 | 5,941 | 3,884 | 2,625,394 | 8,737,214 | 8,699,267 | 264,865,044 | 5,568,441 | |||||||||||||||||||||||||||
NET ASSETS | $ | 2,695,898 | $ | 2,522,217 | $ | 6,082,898 | $ | 2,721,283 | $ | 18,840,361 | $ | 62,810,655 | $ | 52,659,775 | $ | 1,338,357,125 | $ | 50,363,987 | ||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 3,000,000 | $ | 3,119,919 | $ | 6,000,000 | $ | 3,139,490 | $ | 22,782,413 | $ | 74,441,874 | $ | 52,545,772 | $ | 1,647,447,905 | $ | 53,677,487 | ||||||||||||||||||
Undistributed (distribution in excess of) net investment income | 313 | 31,614 | (12,313 | ) | 47,453 | 26,873 | (91,430 | ) | 41,387 | 408,839 | 86,105 | |||||||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (22,936 | ) | (87,320 | ) | (3,451 | ) | (153,428 | ) | (1,803,507 | ) | (7,267,660 | ) | 730,710 | (186,206,525 | ) | (1,298,898 | ) | |||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||
Investments (net of deferred foreign taxes of $0, $0, $0, $0, $0, $0, $0, $96,260, $0, respectively) | (281,165 | ) | (541,741 | ) | 98,659 | (312,071 | ) | (2,154,898 | ) | (4,262,773 | ) | (650,426 | ) | (123,161,818 | ) | (2,095,165 | ) | |||||||||||||||||||
Foreign currency | (314 | ) | (255 | ) | 3 | (161 | ) | (10,520 | ) | (9,356 | ) | (7,668 | ) | (131,276 | ) | (5,542 | ) | |||||||||||||||||||
NET ASSETS | $ | 2,695,898 | $ | 2,522,217 | $ | 6,082,898 | $ | 2,721,283 | $ | 18,840,361 | $ | 62,810,655 | $ | 52,659,775 | $ | 1,338,357,125 | $ | 50,363,987 | ||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 26.96 | $ | 50.44 | $ | 60.83 | $ | 54.43 | $ | 47.10 | $ | 52.34 | $ | 65.82 | $ | 41.95 | $ | 30.52 | ||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 100,000 | 50,000 | 100,000 | 50,000 | 400,000 | 1,200,075 | 800,000 | 31,901,326 | 1,650,000 | |||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 2,946,414 | $ | 3,066,009 | $ | 5,988,232 | $ | 3,002,049 | $ | 20,772,433 | $ | 66,092,164 | $ | 52,877,352 | $ | 1,454,016,093 | $ | 52,102,463 | ||||||||||||||||||
Affiliated issuers | 2,844 | 566 | 1,740 | 2,673 | 2,628,080 | 8,726,488 | 8,732,027 | 263,570,595 | 5,553,312 | |||||||||||||||||||||||||||
Total cost of investments | $ | 2,949,258 | $ | 3,066,575 | $ | 5,989,972 | $ | 3,004,722 | $ | 23,400,513 | $ | 74,818,652 | $ | 61,609,379 | $ | 1,717,586,688 | $ | 57,655,775 | ||||||||||||||||||
Foreign currency, at cost | $ | 4,683 | $ | 6,998 | $ | 205 | $ | 2,880 | $ | 28,133 | $ | 490,474 | $ | 211,970 | $ | 3,144,494 | $ | 155,992 | ||||||||||||||||||
* Includes investments in securities on loan, at value | $ | — | $ | — | $ | — | $ | — | $ | 2,487,487 | $ | 8,303,015 | $ | 8,848,149 | $ | 258,017,609 | $ | 5,420,808 | ||||||||||||||||||
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, 2015 (Unaudited)
SPDR S&P | SPDR S&P | |||||||||||||||||||||||||||||||||||
SPDR S&P | International | International | SPDR S&P | SPDR S&P | SPDR S&P | SPDR S&P | SPDR S&P | |||||||||||||||||||||||||||||
Emerging | SPDR Dow Jones | Consumer | Consumer | International | International | International | International | International | ||||||||||||||||||||||||||||
Markets Small | Global Real | Discretionary | Staples Sector | Energy Sector | Financial Sector | Health Care | Industrial Sector | Materials Sector | ||||||||||||||||||||||||||||
Cap ETF | Estate ETF | Sector ETF | ETF | ETF | ETF | Sector ETF | ETF | ETF | ||||||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers, at value* (Note 2) | $ | 460,836,476 | $ | 2,081,008,784 | $ | 13,920,373 | $ | 33,958,718 | $ | 23,930,811 | $ | 10,578,248 | $ | 74,432,759 | $ | 19,578,253 | $ | 6,212,865 | ||||||||||||||||||
Investments in securities of affiliated issuers, at value* (Notes 2 and 3) | 29,181,134 | 36,145,299 | 1,876,052 | 2,264,174 | 2,649,418 | 868,501 | 5,036,728 | 2,456,491 | 547,543 | |||||||||||||||||||||||||||
Total Investments | 490,017,610 | 2,117,154,083 | 15,796,425 | 36,222,892 | 26,580,229 | 11,446,749 | 79,469,487 | 22,034,744 | 6,760,408 | |||||||||||||||||||||||||||
Cash | — | 224 | — | — | — | — | — | — | 79 | |||||||||||||||||||||||||||
Foreign currency, at value | 825,108 | 1,438,053 | 9,727 | 57,059 | 78,297 | 21,406 | 125,035 | 23,908 | 24,869 | |||||||||||||||||||||||||||
Receivable for investments sold | 1,003,349 | — | — | — | — | 5,991 | — | — | 10,377 | |||||||||||||||||||||||||||
Receivable for fund shares sold | — | 14,882,060 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Receivable for foreign currency contracts sold | 992,908 | 827,944 | — | — | 25,000 | — | — | — | — | |||||||||||||||||||||||||||
Receivable for foreign taxes recoverable | 9,653 | 165,720 | 7,849 | 69,034 | 2,048 | 2,213 | 222,471 | 15,890 | 4,970 | |||||||||||||||||||||||||||
Dividends and interest receivable — unaffiliated issuers | 506,767 | 5,472,478 | 52,649 | 133,523 | 38,985 | 61,452 | 172,031 | 88,076 | 28,082 | |||||||||||||||||||||||||||
Dividends receivable — affiliated issuers | 61 | 270 | 1 | 6 | 4 | 1 | 11 | 4 | 1 | |||||||||||||||||||||||||||
TOTAL ASSETS | 493,355,456 | 2,139,940,832 | 15,866,651 | 36,482,514 | 26,724,563 | 11,537,812 | 79,989,035 | 22,162,622 | 6,828,786 | |||||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||||||||||||||
Payable upon return of securities loaned | 28,727,164 | 23,964,755 | 1,849,734 | 2,095,983 | 2,500,128 | 813,207 | 4,520,492 | 2,364,841 | 515,765 | |||||||||||||||||||||||||||
Payable for investments purchased | — | 15,857,169 | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Payable for foreign currency contracts purchased | 993,158 | 826,355 | — | — | 25,052 | — | — | — | — | |||||||||||||||||||||||||||
Distributions payable | — | 8,466,627 | 15,791 | 140,202 | 164,250 | 51,261 | 487,466 | 66,373 | 29,331 | |||||||||||||||||||||||||||
Accrued advisory fee (Note 3) | 756,174 | 2,376,724 | 16,069 | 36,902 | 25,606 | 11,377 | 79,199 | 23,212 | 7,346 | |||||||||||||||||||||||||||
Deferred foreign taxes payable | 551,813 | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||
Accrued trustees’ fees and expenses (Note 3) | 413 | 246 | 17 | 38 | 12 | 10 | 50 | 21 | 8 | |||||||||||||||||||||||||||
TOTAL LIABILITIES | 31,028,722 | 51,491,876 | 1,881,611 | 2,273,125 | 2,715,048 | 875,855 | 5,087,207 | 2,454,447 | 552,450 | |||||||||||||||||||||||||||
NET ASSETS | $ | 462,326,734 | $ | 2,088,448,956 | $ | 13,985,040 | $ | 34,209,389 | $ | 24,009,515 | $ | 10,661,957 | $ | 74,901,828 | $ | 19,708,175 | $ | 6,276,336 | ||||||||||||||||||
NET ASSETS CONSIST OF: | ||||||||||||||||||||||||||||||||||||
Paid in capital (Note 4) | $ | 604,012,901 | $ | 1,859,259,247 | $ | 13,285,508 | $ | 31,670,031 | $ | 32,088,890 | $ | 12,861,631 | $ | 63,288,454 | $ | 21,042,372 | $ | 10,715,126 | ||||||||||||||||||
Undistributed (distribution in excess of) net investment income | (60,373 | ) | (17,531,918 | ) | 71,890 | (79,125 | ) | (4,194 | ) | 4,270 | 60,083 | 33,949 | 11,545 | |||||||||||||||||||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (41,989,084 | ) | (20,675,786 | ) | 39,363 | (67,657 | ) | (1,134,621 | ) | (1,092,929 | ) | 147,119 | (1,089,208 | ) | (1,202,205 | ) | ||||||||||||||||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||
Investments (net of deferred foreign taxes of $544,706, $0, $0, $0, $0, $0, $0, $0, $0, respectively) | (99,623,345 | ) | 267,449,304 | 590,046 | 2,693,565 | (6,937,880 | ) | (1,110,002 | ) | 11,423,045 | (276,652 | ) | (3,246,680 | ) | ||||||||||||||||||||||
Foreign currency | (13,365 | ) | (51,891 | ) | (1,767 | ) | (7,425 | ) | (2,680 | ) | (1,013 | ) | (16,873 | ) | (2,286 | ) | (1,450 | ) | ||||||||||||||||||
NET ASSETS | $ | 462,326,734 | $ | 2,088,448,956 | $ | 13,985,040 | $ | 34,209,389 | $ | 24,009,515 | $ | 10,661,957 | $ | 74,901,828 | $ | 19,708,175 | $ | 6,276,336 | ||||||||||||||||||
NET ASSET VALUE PER SHARE | ||||||||||||||||||||||||||||||||||||
Net asset value per share | $ | 44.89 | $ | 49.61 | $ | 39.96 | $ | 40.25 | $ | 19.21 | $ | 21.32 | $ | 51.66 | $ | 30.32 | $ | 20.92 | ||||||||||||||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 10,300,000 | 42,100,000 | 350,000 | 850,000 | 1,250,000 | 500,000 | 1,450,000 | 650,000 | 300,000 | |||||||||||||||||||||||||||
COST OF INVESTMENTS: | ||||||||||||||||||||||||||||||||||||
Unaffiliated issuers | $ | 559,915,115 | $ | 1,813,559,480 | $ | 13,330,327 | $ | 31,265,153 | $ | 30,868,691 | $ | 11,688,250 | $ | 63,009,714 | $ | 19,854,905 | $ | 9,459,545 | ||||||||||||||||||
Affiliated issuers | 29,181,134 | 36,145,299 | 1,876,052 | 2,264,174 | 2,649,418 | 868,501 | 5,036,728 | 2,456,491 | 547,543 | |||||||||||||||||||||||||||
Total cost of investments | $ | 589,096,249 | $ | 1,849,704,779 | $ | 15,206,379 | $ | 33,529,327 | $ | 33,518,109 | $ | 12,556,751 | $ | 68,046,442 | $ | 22,311,396 | $ | 10,007,088 | ||||||||||||||||||
Foreign currency, at cost | $ | 828,014 | $ | 1,464,187 | $ | 10,021 | $ | 58,106 | $ | 80,117 | $ | 21,584 | $ | 127,473 | $ | 24,140 | $ | 25,008 | ||||||||||||||||||
* Includes investments in securities on loan, at value | $ | 34,895,772 | $ | 22,684,843 | $ | 1,783,246 | $ | 1,993,402 | $ | 3,203,070 | $ | 997,059 | $ | 4,455,802 | $ | 2,413,019 | $ | 607,339 | ||||||||||||||||||
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, 2015 (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) | $ | 11,698,961 | $ | 44,858,495 | $ | 32,161,418 | ||||||
Investments in securities of affiliated issuers, at value* (Notes 2 and 3) | 858,836 | 1,977,953 | 1,724,270 | |||||||||
Total Investments | 12,557,797 | 46,836,448 | 33,885,688 | |||||||||
Foreign currency, at value | 22,463 | 57,836 | 110,585 | |||||||||
Receivable for foreign taxes recoverable | 2,357 | 15,275 | 23,063 | |||||||||
Dividends and interest receivable — unaffiliated issuers | 28,333 | 125,999 | 43,258 | |||||||||
Dividends receivable — affiliated issuers | 1 | 6 | 4 | |||||||||
TOTAL ASSETS | 12,610,951 | 47,035,564 | 34,062,598 | |||||||||
LIABILITIES | ||||||||||||
Payable upon return of securities loaned | 844,206 | 1,932,023 | 1,662,199 | |||||||||
Distributions payable | 6,101 | 39,396 | 50,177 | |||||||||
Accrued advisory fee (Note 3) | 13,210 | 52,095 | 46,005 | |||||||||
Accrued trustees’ fees and expenses (Note 3) | 10 | 18 | 60 | |||||||||
TOTAL LIABILITIES | 863,527 | 2,023,532 | 1,758,441 | |||||||||
NET ASSETS | $ | 11,747,424 | $ | 45,012,032 | $ | 32,304,157 | ||||||
NET ASSETS CONSIST OF: | ||||||||||||
Paid in capital (Note 4) | $ | 11,577,293 | $ | 47,321,283 | $ | 41,118,937 | ||||||
Undistributed (distribution in excess of) net investment income | (20,140 | ) | 63,660 | (255,174 | ) | |||||||
Accumulated net realized gain (loss) on investments and foreign currency transactions | (352,962 | ) | (3,578,377 | ) | (3,707,522 | ) | ||||||
Net unrealized appreciation (depreciation) on: | ||||||||||||
Investments | 544,688 | 1,209,247 | (4,844,111 | ) | ||||||||
Foreign currency | (1,455 | ) | (3,781 | ) | (7,973 | ) | ||||||
NET ASSETS | $ | 11,747,424 | $ | 45,012,032 | $ | 32,304,157 | ||||||
NET ASSET VALUE PER SHARE | ||||||||||||
Net asset value per share | $ | 33.56 | $ | 25.72 | $ | 17.00 | ||||||
Shares outstanding (unlimited amount authorized, $0.01 par value) | 350,000 | 1,750,000 | 1,900,000 | |||||||||
COST OF INVESTMENTS: | ||||||||||||
Unaffiliated issuers | $ | 11,154,273 | $ | 43,649,248 | $ | 37,005,529 | ||||||
Affiliated issuers | 858,836 | 1,977,953 | 1,724,270 | |||||||||
Total cost of investments | $ | 12,013,109 | $ | 45,627,201 | $ | 38,729,799 | ||||||
Foreign currency, at cost | $ | 23,326 | $ | 59,032 | $ | 112,064 | ||||||
* Includes investments in securities on loan, at value | $ | 885,983 | $ | 1,841,543 | $ | 1,973,217 | ||||||
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, 2015 (Unaudited)
SPDR S&P | SPDR S&P | |||||||||||||||||||||||||||||||||||||||
SPDR STOXX | SPDR EURO | SPDR EURO | Emerging Asia | SPDR S&P | Emerging Markets | SPDR S&P | SPDR S&P | |||||||||||||||||||||||||||||||||
Europe | STOXX | STOXX | Pacific | SPDR S&P Russia | SPDR S&P | Emerging Markets | Dividend | BRIC | Emerging Europe | |||||||||||||||||||||||||||||||
50 ETF | 50 ETF | Small Cap ETF | ETF | ETF | China ETF | ETF | ETF | 40 ETF | ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 4,197,791 | $ | 43,286,963 | $ | 78,156 | $ | 2,275,238 | $ | 287,376 | $ | 1,048,816 | $ | 1,760,130 | $ | 5,868,280 | $ | 669,353 | $ | 391,871 | ||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 2 and Note 3) | 92 | 1,079 | 2 | 1,295 | 80 | 787 | 755 | 446 | 129 | 58 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 41,808 | 1,893,395 | — | 286,957 | — | 1,127,234 | 58,143 | 336,816 | 15,146 | 661 | ||||||||||||||||||||||||||||||
Interest income (Note 2) | 26 | — | — | 2,354 | — | — | 868 | 1,817 | — | — | ||||||||||||||||||||||||||||||
Foreign taxes withheld | (270,171 | ) | (4,044,424 | ) | (9,250 | ) | (233,563 | ) | (34,788 | ) | (16,520 | ) | (156,679 | ) | (587,589 | ) | (65,799 | ) | (36,941 | ) | ||||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 3,969,546 | 41,137,013 | 68,908 | 2,332,281 | 252,668 | 2,160,317 | 1,663,217 | 5,619,770 | 618,829 | 355,649 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 359,850 | 6,083,950 | 13,427 | 1,946,546 | 74,596 | 3,027,423 | 703,435 | 1,237,187 | 320,563 | 152,866 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 2,395 | 40,768 | 54 | 6,654 | 212 | 9,289 | 2,583 | 4,348 | 1,321 | 565 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | 1,880 | 3,781 | 473 | 12,443 | 438 | 4,979 | 1,256 | 2,478 | 837 | 529 | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 364,125 | 6,128,499 | 13,954 | 1,965,643 | 75,246 | 3,041,691 | 707,274 | 1,244,013 | 322,721 | 153,960 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) | 3,605,421 | 35,008,514 | 54,954 | 366,638 | 177,422 | (881,374 | ) | 955,943 | 4,375,757 | 296,108 | 201,689 | |||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | 830,728 | 147,128,236 | (678,203 | ) | (3,254,440 | ) | (788,777 | ) | (16,584,418 | ) | (735,668 | ) | (36,597,038 | ) | (13,119,269 | ) | (2,143,028 | ) | ||||||||||||||||||||||
Foreign currency transactions | (77,413 | ) | (743,508 | ) | 373 | (84,217 | ) | — | (10,446 | ) | (144,787 | ) | (148,868 | ) | (389 | ) | (20,657 | ) | ||||||||||||||||||||||
Futures | — | — | — | — | — | — | 271,676 | — | — | — | ||||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers (net of deferred foreign taxes of $0, $0, $0, $1,484,128, $0, $0, $231,299, $306,439, $0, $0, respectively) | (13,804,411 | ) | (294,768,570 | ) | 641,723 | 41,525,550 | (4,109,305 | ) | 124,835,608 | (7,627,917 | ) | (8,655,430 | ) | 10,200,425 | (10,246,866 | ) | ||||||||||||||||||||||||
Foreign currency transactions | (9,885 | ) | (135,725 | ) | (423 | ) | 984 | (8 | ) | 4,683 | (28,131 | ) | 49,919 | 994 | (127 | ) | ||||||||||||||||||||||||
Futures | — | — | — | — | — | — | 19,987 | — | — | — | ||||||||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS, FOREIGN CURRENCY TRANSACTIONS AND FUTURES | (13,060,981 | ) | (148,519,567 | ) | (36,530 | ) | 38,187,877 | (4,898,090 | ) | 108,245,427 | (8,244,840 | ) | (45,351,417 | ) | (2,918,239 | ) | (12,410,678 | ) | ||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | (9,455,560 | ) | $ | (113,511,053 | ) | $ | 18,424 | $ | 38,554,515 | $ | (4,720,668 | ) | $ | 107,364,053 | $ | (7,288,897 | ) | $ | (40,975,660 | ) | $ | (2,622,131 | ) | $ | (12,208,989 | ) | |||||||||||||
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, 2015 (Unaudited)
SPDR S&P | SPDR S&P | SPDR S&P | SPDR Dow Jones | SPDR S&P | SPDR S&P Global | SPDR MSCI | ||||||||||||||||||||||||||||||||||
Emerging Latin | Emerging Middle | SPDR S&P World | International Small | International Real | Global Infrastructure | Natural Resources | SPDR MSCI | SPDR MSCI | ACWI Low Carbon | |||||||||||||||||||||||||||||||
America ETF | East & Africa ETF | ex-US ETF | Cap ETF | Estate ETF | ETF | ETF | ACWI ex-US ETF | ACWI IMI ETF | Target ETF (1) | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 543,559 | $ | 1,103,767 | $ | 9,091,670 | $ | 7,485,298 | $ | 73,388,092 | $ | 1,635,062 | $ | 8,901,003 | $ | 8,011,125 | $ | 709,514 | $ | 670,351 | ||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 2 and Note 3) | 52 | 17 | 201 | 2,011 | 2,348 | 83 | 551 | 202 | 726 | 727 | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 10,004 | 7,433 | 225,966 | 696,039 | 858,112 | 33,030 | 119,886 | 153,335 | 13,554 | — | ||||||||||||||||||||||||||||||
Interest income (Note 2) | — | — | 150 | 487 | 1,057 | — | 388 | 447 | 24 | 1 | ||||||||||||||||||||||||||||||
Foreign taxes withheld | (44,645 | ) | (92,094 | ) | (741,185 | ) | (665,960 | ) | (7,430,971 | ) | (88,747 | ) | (488,631 | ) | (644,811 | ) | (28,755 | ) | (36,205 | ) | ||||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 508,970 | 1,019,123 | 8,576,802 | 7,517,875 | 66,818,638 | 1,579,428 | 8,533,197 | 7,520,298 | 695,063 | 634,874 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 111,943 | 155,598 | 1,224,514 | 1,833,847 | 14,700,324 | 224,406 | 1,258,235 | 1,063,945 | 77,124 | 82,630 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 435 | 537 | 6,922 | 6,925 | 46,539 | 1,060 | 5,599 | 5,344 | 565 | 224 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | 254 | 310 | 4,386 | 22,624 | 440,750 | 690 | 4,581 | 12,996 | 304 | 249 | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 112,632 | 156,445 | 1,235,822 | 1,863,396 | 15,187,613 | 226,156 | 1,268,415 | 1,082,285 | 77,993 | 83,103 | ||||||||||||||||||||||||||||||
Expenses waived by Adviser (Note 3) | — | — | — | — | — | — | — | — | — | (27,012 | ) | |||||||||||||||||||||||||||||
NET EXPENSES | — | — | — | — | — | — | — | — | — | 56,091 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 396,338 | 862,678 | 7,340,980 | 5,654,479 | 51,631,025 | 1,353,272 | 7,264,782 | 6,438,013 | 617,070 | 578,783 | ||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | (2,674,060 | ) | (384,905 | ) | 26,976,471 | (7,017,618 | ) | 37,385,768 | (1,235,770 | ) | (4,993,171 | ) | 4,179,053 | 191,322 | 41,325 | |||||||||||||||||||||||||
Foreign currency transactions | (38,883 | ) | (24,806 | ) | (285,594 | ) | (677,490 | ) | (1,611,648 | ) | (54,067 | ) | (158,221 | ) | (221,784 | ) | (10,163 | ) | (6,066 | ) | ||||||||||||||||||||
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, $0, $58,254, $0, $22, respectively) | (7,567,349 | ) | (351,045 | ) | (35,405,842 | ) | (5,063,138 | ) | 174,527,121 | 301,504 | (72,151,771 | ) | (4,483,662 | ) | 1,453,848 | 1,383,622 | ||||||||||||||||||||||||
Foreign currency transactions | (3,445 | ) | 996 | (12,823 | ) | (83,340 | ) | (56,694 | ) | 2,114 | 12,508 | (38,126 | ) | 1,453 | (3,243 | ) | ||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | (10,283,737 | ) | (759,760 | ) | (8,727,788 | ) | (12,841,586 | ) | 210,244,547 | (986,219 | ) | (77,290,655 | ) | (564,519 | ) | 1,636,460 | 1,415,638 | |||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | (9,887,399 | ) | $ | 102,918 | $ | (1,386,808 | ) | $ | (7,187,107 | ) | $ | 261,875,572 | $ | 367,053 | $ | (70,025,873 | ) | $ | 5,873,494 | $ | 2,253,530 | $ | 1,994,421 | ||||||||||||||||
(1) | For the period November 26, 2014 (commencement of operations) to March 31, 2015. |
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, 2015 (Unaudited)
SPDR MSCI | SPDR MSCI | SPDR MSCI | SPDR MSCI | SPDR MSCI | SPDR MSCI | SPDR MSCI | SPDR MSCI | |||||||||||||||||||||||||||||||||
SPDR MSCI EM | SPDR MSCI EM | EAFE | Emerging Markets | World | Australia Quality | Canada Quality Mix | Germany Quality | Japan | Mexico Quality Mix | |||||||||||||||||||||||||||||||
50 ETF | Beyond BRIC ETF | Quality Mix ETF | Quality Mix ETF | Quality Mix ETF | Mix ETF | ETF | Mix ETF | Quality Mix ETF | ETF | |||||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 11,209 | $ | 25,962 | $ | 74,185 | $ | 301,428 | $ | 72,789 | $ | 191,854 | $ | 40,086 | $ | 20,574 | $ | 63,704 | $ | 12,900 | ||||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 2 and Note 3) | 3 | 1 | 3 | 91 | 28 | 4 | 2 | — | 1 | — | ||||||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 255 | 181 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Interest income (Note 2) | — | — | — | 10 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
Foreign taxes withheld | (1,719 | ) | (3,144 | ) | (4,652 | ) | (31,816 | ) | (2,582 | ) | (2,478 | ) | (6,013 | ) | (2,772 | ) | (6,366 | ) | (86 | ) | ||||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 9,748 | 23,000 | 69,536 | 269,713 | 70,235 | 189,380 | 34,075 | 17,802 | 57,339 | 12,814 | ||||||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 5,841 | 7,856 | 8,447 | 41,855 | 9,150 | 11,731 | 4,241 | 9,489 | 9,063 | 5,194 | ||||||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 22 | 28 | 43 | 45 | 46 | 66 | 20 | 50 | 46 | 21 | ||||||||||||||||||||||||||||||
Miscellaneous expenses | 12 | 15 | — | 2 | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
TOTAL EXPENSES | 5,875 | 7,899 | 8,490 | 41,902 | 9,196 | 11,797 | 4,261 | 9,539 | 9,109 | 5,215 | ||||||||||||||||||||||||||||||
NET INVESTMENT INCOME | 3,873 | 15,101 | 61,046 | 227,811 | 61,039 | 177,583 | 29,814 | 8,263 | 48,230 | 7,599 | ||||||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||||||
Investments | (38,908 | ) | 5,777 | (7,979 | ) | (43,871 | ) | 32,496 | (318,035 | ) | 27,064 | (383,171 | ) | 4,796 | (13,341 | ) | ||||||||||||||||||||||||
Foreign currency transactions | (510 | ) | (709 | ) | (3,355 | ) | (58,355 | ) | (1,236 | ) | (3,176 | ) | (1,045 | ) | (323 | ) | (3,685 | ) | (828 | ) | ||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers (net of deferred foreign taxes of $0, $3,184, $0, $3,162, $0, $0, $0, $0, $0, $0, respectively) | 14,224 | (188,121 | ) | 61,830 | 826,840 | 214,507 | 142,518 | (279,711 | ) | 793,991 | 486,276 | (380,374 | ) | |||||||||||||||||||||||||||
Foreign currency transactions | 95 | (41 | ) | 426 | (9,378 | ) | (341 | ) | 2,456 | 9 | (252 | ) | (242 | ) | (42 | ) | ||||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | (25,099 | ) | (183,094 | ) | 50,922 | 715,236 | 245,426 | (176,237 | ) | (253,683 | ) | 410,245 | 487,145 | (394,585 | ) | |||||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | (21,226 | ) | $ | (167,993 | ) | $ | 111,968 | $ | 943,047 | $ | 306,465 | $ | 1,346 | $ | (223,869 | ) | $ | 418,508 | $ | 535,375 | $ | (386,986 | ) | ||||||||||||||||
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, 2015 (Unaudited)
SPDR MSCI | SPDR S&P | |||||||||||||||||||||||||||||||||||
South | SPDR MSCI | SPDR MSCI | SPDR MSCI | SPDR Russell/Nomura | SPDR S&P Global | International | SPDR S&P | |||||||||||||||||||||||||||||
Korea | Spain | Taiwan Quality Mix | United Kingdom | SPDR Russell/Nomura | Small Cap | Dividend | Dividend | International Mid | ||||||||||||||||||||||||||||
Quality Mix ETF | Quality Mix ETF | ETF | Quality Mix ETF | PRIME Japan ETF | Japan ETF | ETF | ETF | Cap ETF | ||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers (Note 2) | $ | 39,326 | $ | 154,088 | $ | — | $ | 91,714 | $ | 192,964 | $ | 613,462 | $ | 738,905 | $ | 26,922,901 | $ | 565,513 | ||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 2 and Note 3) | 2 | 4 | 3 | 2 | 20 | 19 | 30 | 997 | 147 | |||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | — | — | — | — | 3,590 | 46,617 | 23,046 | 1,121,048 | 31,169 | |||||||||||||||||||||||||||
Interest income (Note 2) | — | — | — | — | — | — | 7 | 814 | 2 | |||||||||||||||||||||||||||
Foreign taxes withheld | (8,651 | ) | (5,659 | ) | (458 | ) | (1,187 | ) | (19,933 | ) | (63,635 | ) | (59,251 | ) | (2,663,185 | ) | (54,096 | ) | ||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 30,677 | 148,433 | (455 | ) | 90,529 | 176,641 | 596,463 | 702,737 | 25,382,575 | 542,735 | ||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 5,325 | 11,073 | 11,813 | 8,061 | 49,173 | 158,980 | 80,918 | 3,108,212 | 134,793 | |||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 21 | 61 | 45 | 42 | 205 | 635 | 343 | 13,432 | 635 | |||||||||||||||||||||||||||
Miscellaneous expenses | — | — | — | — | 125 | 383 | 1,221 | 35,846 | 716 | |||||||||||||||||||||||||||
TOTAL EXPENSES | 5,346 | 11,134 | 11,858 | 8,103 | 49,503 | 159,998 | 82,482 | 3,157,490 | 136,144 | |||||||||||||||||||||||||||
NET INVESTMENT INCOME (LOSS) | 25,331 | 137,299 | (12,313 | ) | 82,426 | 127,138 | 436,465 | 620,255 | 22,225,085 | 406,591 | ||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||
Investments | (22,559 | ) | (980,509 | ) | (1,195 | ) | (183,929 | ) | (760,693 | ) | 114,429 | 758,667 | (61,131,637 | ) | 2,061,291 | |||||||||||||||||||||
Foreign currency transactions | 774 | (1,843 | ) | (2,256 | ) | (3,801 | ) | (17,721 | ) | (64,485 | ) | (17,666 | ) | (291,254 | ) | (50,943 | ) | |||||||||||||||||||
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, $0, $96,260, $0, respectively) | (123,829 | ) | 308,107 | 324,225 | 39,353 | 1,785,864 | 1,733,465 | (352,987 | ) | (75,195,873 | ) | (1,469,471 | ) | |||||||||||||||||||||||
Foreign currency transactions | (314 | ) | (187 | ) | 24 | 463 | (2,661 | ) | 7,935 | (5,142 | ) | 25,593 | (969 | ) | ||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | (145,928 | ) | (674,432 | ) | 320,798 | (147,914 | ) | 1,004,789 | 1,791,344 | 382,872 | (136,593,171 | ) | 539,908 | |||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | (120,597 | ) | $ | (537,133 | ) | $ | 308,485 | $ | (65,488 | ) | $ | 1,131,927 | $ | 2,227,809 | $ | 1,003,127 | $ | (114,368,086 | ) | $ | 946,499 | ||||||||||||||
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, 2015 (Unaudited)
SPDR S&P | SPDR S&P | SPDR S&P | SPDR S&P | SPDR S&P | SPDR S&P | |||||||||||||||||||||||||||||||
International | International | SPDR S&P | International | International | International | International | ||||||||||||||||||||||||||||||
SPDR S&P | SPDR Dow Jones | Consumer | Consumer Staples | International | Financial | Health | Industrial | Materials | ||||||||||||||||||||||||||||
Emerging Markets | Global Real Estate | Discretionary | Sector | Energy Sector | Sector | Care Sector | Sector | Sector | ||||||||||||||||||||||||||||
Small Cap ETF | ETF | Sector ETF | ETF | ETF | ETF | ETF | ETF | ETF | ||||||||||||||||||||||||||||
INVESTMENT INCOME | ||||||||||||||||||||||||||||||||||||
Dividend income on securities of unaffiliated issuers* (Note 2) | $ | 3,356,325 | $ | 30,560,677 | $ | 170,897 | $ | 334,920 | $ | 406,447 | $ | 167,177 | $ | 888,341 | $ | 221,789 | $ | 64,787 | ||||||||||||||||||
Dividend income on securities of affiliated issuers (Note 2 and Note 3) | 596 | 1,458 | 11 | 17 | 12 | 15 | 28 | 10 | 4 | |||||||||||||||||||||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 418,516 | 150,717 | 7,348 | 4,170 | 10,999 | 3,447 | 7,164 | 6,499 | 1,207 | |||||||||||||||||||||||||||
Interest income (Note 2) | 540 | — | 3 | 1 | 1 | — | — | — | 1 | |||||||||||||||||||||||||||
Foreign taxes withheld | (240,881 | ) | (1,148,150 | ) | (17,090 | ) | (18,254 | ) | (39,958 | ) | (10,789 | ) | (94,322 | ) | (22,243 | ) | (4,139 | ) | ||||||||||||||||||
TOTAL INVESTMENT INCOME (LOSS) | 3,535,096 | 29,564,702 | 161,169 | 320,854 | 377,501 | 159,850 | 801,211 | 206,055 | 61,860 | |||||||||||||||||||||||||||
EXPENSES | ||||||||||||||||||||||||||||||||||||
Advisory fee (Note 3) | 1,582,930 | 4,392,441 | 36,419 | 82,838 | 45,669 | 25,496 | 173,860 | 51,215 | 15,991 | |||||||||||||||||||||||||||
Trustees’ fees and expenses (Note 3) | 4,749 | 15,024 | 157 | 351 | 175 | 107 | 686 | 219 | 68 | |||||||||||||||||||||||||||
Miscellaneous expenses | 3,196 | 10,069 | 674 | 657 | 210 | 257 | 495 | 1,332 | 557 | |||||||||||||||||||||||||||
TOTAL EXPENSES | 1,590,875 | 4,417,534 | 37,250 | 83,846 | 46,054 | 25,860 | 175,041 | 52,766 | 16,616 | |||||||||||||||||||||||||||
NET INVESTMENT INCOME | 1,944,221 | 25,147,168 | 123,919 | 237,008 | 331,447 | 133,990 | 626,170 | 153,289 | 45,244 | |||||||||||||||||||||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||||||||||||||||||||||||||
Net realized gain (loss) on: | ||||||||||||||||||||||||||||||||||||
Investments | (16,568,524 | ) | 1,906,569 | 896,482 | 1,878,887 | (347,572 | ) | 21,725 | 4,815,090 | 59,215 | (483,836 | ) | ||||||||||||||||||||||||
Foreign currency transactions | 116,363 | (242,724 | ) | (7,422 | ) | (11,839 | ) | (11,511 | ) | (7,336 | ) | (38,304 | ) | (12,870 | ) | (4,171 | ) | |||||||||||||||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||||||||||||||||||||||||||
Investments in securities of unaffiliated issuers (net of deferred foreign taxes of $544,706, $0, $0, $0, $0, $0, $0, $0, $0, respectively) | (13,068,385 | ) | 176,396,113 | 218,762 | (941,336 | ) | (4,871,217 | ) | (188,663 | ) | (1,194,630 | ) | (231,199 | ) | 151,221 | |||||||||||||||||||||
Foreign currency transactions | 25,288 | (12,517 | ) | 2,158 | 2,782 | 19 | 775 | (4,033 | ) | (473 | ) | (560 | ) | |||||||||||||||||||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | (29,495,258 | ) | 178,047,441 | 1,109,980 | 928,494 | (5,230,281 | ) | (173,499 | ) | 3,578,123 | (185,327 | ) | (337,346 | ) | ||||||||||||||||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | (27,551,037 | ) | $ | 203,194,609 | $ | 1,233,899 | $ | 1,165,502 | $ | (4,898,834 | ) | $ | (39,509 | ) | $ | 4,204,293 | $ | (32,038 | ) | $ | (292,102 | ) | |||||||||||||
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, 2015 (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) | $ | 60,617 | $ | 535,221 | $ | 801,208 | ||||||
Dividend income on securities of affiliated issuers (Note 2 and Note 3) | 6 | 51 | 26 | |||||||||
Affiliated securities lending — net (Note 3 and Note 8) | 3,926 | 8,486 | 26,742 | |||||||||
Interest income (Note 2) | 3 | 1 | 1 | |||||||||
Foreign taxes withheld | (6,869 | ) | (28,436 | ) | (71,127 | ) | ||||||
TOTAL INVESTMENT INCOME (LOSS) | 57,683 | 515,323 | 756,850 | |||||||||
EXPENSES | ||||||||||||
Advisory fee (Note 3) | 26,974 | 106,334 | 126,228 | |||||||||
Trustees’ fees and expenses (Note 3) | 112 | 415 | 602 | |||||||||
Miscellaneous expenses | 1,128 | 1,959 | 326 | |||||||||
TOTAL EXPENSES | 28,214 | 108,708 | 127,156 | |||||||||
NET INVESTMENT INCOME | 29,469 | 406,615 | 629,694 | |||||||||
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS | ||||||||||||
Net realized gain (loss) on: | ||||||||||||
Investments | 358,784 | (863,058 | ) | 3,647,605 | ||||||||
Foreign currency transactions | (4,700 | ) | (16,463 | ) | (21,674 | ) | ||||||
Net change in unrealized appreciation (depreciation) on: | ||||||||||||
Investments | 434,810 | 1,163,092 | (9,137,247 | ) | ||||||||
Foreign currency transactions | (535 | ) | (601 | ) | (3,598 | ) | ||||||
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS | 788,359 | 282,970 | (5,514,914 | ) | ||||||||
NET INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS | $ | 817,828 | $ | 689,585 | $ | (4,885,220 | ) | |||||
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 EURO STOXX Small Cap ETF | SPDR S&P Emerging Asia Pacific ETF | SPDR S&P Russia ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | For the Period | Six Months Ended | Six Months Ended | |||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | 6/4/14*- | 3/31/15 | Year Ended | 3/31/15 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 3,605,421 | $ | 11,761,626 | $ | 35,008,514 | $ | 160,808,940 | $ | 54,954 | $ | 23,277 | $ | 366,638 | $ | 9,792,541 | $ | 177,422 | $ | 735,713 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 753,315 | 1,664,411 | 146,384,728 | 194,543,394 | (677,830 | ) | (265,612 | ) | (3,338,657 | ) | (2,280,917 | ) | (788,777 | ) | (5,423,988 | ) | ||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | (13,814,296 | ) | (6,756,666 | ) | (294,904,295 | ) | (111,175,297 | ) | 641,300 | (1,135,832 | ) | 41,526,534 | 34,002,847 | (4,109,313 | ) | 779,159 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (9,455,560 | ) | 6,669,371 | (113,511,053 | ) | 244,177,037 | 18,424 | (1,378,167 | ) | 38,554,515 | 41,514,471 | (4,720,668 | ) | (3,909,116 | ) | |||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 119,698 | 660,097 | (1,613,432 | ) | 6,844,538 | (13,257 | ) | — | — | — | — | — | ||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (3,748,956 | ) | (12,279,995 | ) | (36,177,274 | ) | (165,590,424 | ) | (28,097 | ) | (16,160 | ) | (7,198,452 | ) | (6,695,981 | ) | (811,458 | ) | (447,722 | ) | ||||||||||||||||||||
Total distributions to shareholders | (3,748,956 | ) | (12,279,995 | ) | (36,177,274 | ) | (165,590,424 | ) | (28,097 | ) | (16,160 | ) | (7,198,452 | ) | (6,695,981 | ) | (811,458 | ) | (447,722 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 26,543,995 | 178,982,848 | 755,140,426 | 2,213,989,332 | — | 8,982,073 | 60,126,123 | 283,492,388 | 16,037,528 | 18,178,584 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (13,893,913 | ) | (21,062,047 | ) | (886,714,363 | ) | (628,350,417 | ) | (2,467,346 | ) | — | (42,217,776 | ) | (30,276,644 | ) | (3,189,059 | ) | (21,950,727 | ) | |||||||||||||||||||||
Net income equalization (Note 2) | (119,698 | ) | (660,097 | ) | 1,613,432 | (6,844,538 | ) | 13,257 | — | — | — | — | — | |||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 12,530,384 | 157,260,704 | (129,960,505 | ) | 1,578,794,377 | (2,454,089 | ) | 8,982,073 | 17,908,347 | 253,215,744 | 12,848,469 | (3,772,143 | ) | |||||||||||||||||||||||||||
Voluntary contribution from Adviser | — | — | — | — | — | 9,863 | — | — | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (554,434 | ) | 152,310,177 | (281,262,264 | ) | 1,664,225,528 | (2,477,019 | ) | 7,597,609 | 49,264,410 | 288,034,234 | 7,316,343 | (8,128,981 | ) | ||||||||||||||||||||||||||
Net assets at beginning of period | 261,729,547 | 109,419,370 | 4,949,488,262 | 3,285,262,734 | 7,597,609 | — | 687,494,404 | 399,460,170 | 23,134,998 | 31,263,979 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 261,175,113 | $ | 261,729,547 | $ | 4,668,225,998 | $ | 4,949,488,262 | $ | 5,120,590 | $ | 7,597,609 | $ | 736,758,814 | $ | 687,494,404 | $ | 30,451,341 | $ | 23,134,998 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 750,000 | 4,650,000 | 19,650,000 | 53,800,000 | — | 150,000 | 700,000 | 3,300,000 | 1,000,000 | 750,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (400,000 | ) | (550,000 | ) | (23,350,000 | ) | (15,400,000 | ) | (50,000 | ) | — | (500,000 | ) | (400,000 | ) | (200,000 | ) | (850,000 | ) | |||||||||||||||||||||
Net increase (decrease) | 350,000 | 4,100,000 | (3,700,000 | ) | 38,400,000 | (50,000 | ) | 150,000 | 200,000 | 2,900,000 | 800,000 | (100,000 | ) | |||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (784,655 | ) | $ | (641,120 | ) | $ | (11,661,841 | ) | $ | (10,493,081 | ) | $ | 32,426 | $ | 5,569 | $ | (550,706 | ) | $ | 6,281,108 | $ | (89,452 | ) | $ | 544,584 | ||||||||||||||
* | 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 | ||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | (881,374 | ) | $ | 19,849,632 | $ | 955,943 | $ | 4,771,977 | $ | 4,375,757 | $ | 22,769,170 | $ | 296,108 | $ | 4,415,712 | $ | 201,689 | $ | 2,238,045 | |||||||||||||||||||
Net realized gain (loss) on investments, foreign currency transactions and futures | (16,594,864 | ) | 11,688,452 | (608,779 | ) | (407,687 | ) | (36,745,906 | ) | (42,536,752 | ) | (13,119,658 | ) | (7,465,068 | ) | (2,163,685 | ) | (6,285,718 | ) | |||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments, foreign currency transactions and futures | 124,840,291 | 1,935,083 | (7,636,061 | ) | 2,401,364 | (8,605,511 | ) | (11,295,354 | ) | 10,201,419 | 766,083 | (10,246,993 | ) | (5,352,335 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 107,364,053 | 33,473,167 | (7,288,897 | ) | 6,765,654 | (40,975,660 | ) | (31,062,936 | ) | (2,622,131 | ) | (2,283,273 | ) | (12,208,989 | ) | (9,400,008 | ) | |||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | — | — | — | (62,125 | ) | 529,331 | — | — | — | — | |||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (9,270,922 | ) | (16,237,703 | ) | (2,943,509 | ) | (3,629,968 | ) | (3,729,625 | ) | (21,592,591 | ) | (2,490,730 | ) | (3,386,072 | ) | (1,469,011 | ) | (1,481,279 | ) | ||||||||||||||||||||
Total distributions to shareholders | (9,270,922 | ) | (16,237,703 | ) | (2,943,509 | ) | (3,629,968 | ) | (3,729,625 | ) | (21,592,591 | ) | (2,490,730 | ) | (3,386,072 | ) | (1,469,011 | ) | (1,481,279 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 79,698,707 | 233,346,479 | 13,257,750 | 135,365,420 | 19,279,524 | 53,666,361 | — | 29,041,852 | — | 23,596,442 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (8,009,525 | ) | (200,601,610 | ) | (88,647,909 | ) | (42,628,055 | ) | (42,649,073 | ) | (48,575,340 | ) | (40,512,376 | ) | (115,150,730 | ) | (3,397,827 | ) | (22,335,414 | ) | ||||||||||||||||||||
Net income equalization (Note 2) | — | — | — | — | 62,125 | (529,331 | ) | — | — | — | — | |||||||||||||||||||||||||||||
Other capital (Note 4) | 131,562 | 1,657 | — | — | 54,558 | 130,332 | — | — | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 71,820,744 | 32,746,526 | (75,390,159 | ) | 92,737,365 | (23,252,866 | ) | 4,692,022 | (40,512,376 | ) | (86,108,878 | ) | (3,397,827 | ) | 1,261,028 | |||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 169,913,875 | 49,981,990 | (85,622,565 | ) | 95,873,051 | (68,020,276 | ) | (47,434,174 | ) | (45,625,237 | ) | (91,778,223 | ) | (17,075,827 | ) | (9,620,259 | ) | |||||||||||||||||||||||
Net assets at beginning of period | 947,604,601 | 897,622,611 | 285,284,561 | 189,411,510 | 491,216,996 | 538,651,170 | 155,662,458 | 247,440,681 | 66,865,179 | 76,485,438 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 1,117,518,476 | $ | 947,604,601 | $ | 199,661,996 | $ | 285,284,561 | $ | 423,196,720 | $ | 491,216,996 | $ | 110,037,221 | $ | 155,662,458 | $ | 49,789,352 | $ | 66,865,179 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 1,000,000 | 3,000,000 | 200,000 | 2,000,000 | 550,000 | 1,350,000 | — | 1,200,000 | — | 600,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (100,000 | ) | (2,700,000 | ) | (1,400,000 | ) | (700,000 | ) | (1,200,000 | ) | (1,300,000 | ) | (1,800,000 | ) | (5,100,000 | ) | (100,000 | ) | (600,000 | ) | ||||||||||||||||||||
Net increase (decrease) | 900,000 | 300,000 | (1,200,000 | ) | 1,300,000 | (650,000 | ) | 50,000 | (1,800,000 | ) | (3,900,000 | ) | (100,000 | ) | — | |||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (1,145,157 | ) | $ | 9,007,139 | $ | 402,986 | $ | 2,390,552 | $ | (636,733 | ) | $ | (1,282,865 | ) | $ | (44,889 | ) | $ | 2,149,733 | $ | (70,635 | ) | $ | 1,196,687 | |||||||||||||||
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 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 | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 396,338 | $ | 1,425,351 | $ | 862,678 | $ | 1,370,932 | $ | 7,340,980 | $ | 26,174,088 | $ | 5,654,479 | $ | 13,431,467 | $ | 51,631,025 | $ | 147,080,831 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (2,712,943 | ) | (5,587,888 | ) | (409,711 | ) | (777,282 | ) | 26,690,877 | 34,415,149 | (7,695,108 | ) | 126,291,899 | 35,774,120 | 2,009,479 | |||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | (7,570,794 | ) | 3,397,801 | (350,049 | ) | 3,285,694 | (35,418,665 | ) | (27,098,565 | ) | (5,146,478 | ) | (116,936,922 | ) | 174,470,427 | (23,184,292 | ) | |||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (9,887,399 | ) | (764,736 | ) | 102,918 | 3,879,344 | (1,386,808 | ) | 33,490,672 | (7,187,107 | ) | 22,786,444 | 261,875,572 | 125,906,018 | ||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | — | — | — | — | — | — | — | 656,393 | (6,049,389 | ) | |||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (465,093 | ) | (1,382,090 | ) | (1,052,305 | ) | (1,674,967 | ) | (9,934,106 | ) | (24,777,954 | ) | (9,792,874 | ) | (23,935,017 | ) | (57,942,000 | ) | (207,509,734 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (71,368,674 | ) | — | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (465,093 | ) | (1,382,090 | ) | (1,052,305 | ) | (1,674,967 | ) | (9,934,106 | ) | (24,777,954 | ) | (81,161,548 | ) | (23,935,017 | ) | (57,942,000 | ) | (207,509,734 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | — | — | — | 82,962,158 | 207,812,677 | 42,280,334 | 61,081,608 | 123,857,869 | 1,012,403,593 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (5,623,087 | ) | (19,219,737 | ) | (13,728,647 | ) | (6,598,281 | ) | (141,016,522 | ) | (79,837,317 | ) | (44,029,328 | ) | (81,085,368 | ) | (167,398,629 | ) | (73,642,653 | ) | ||||||||||||||||||||
Net income equalization (Note 2) | — | — | — | — | — | — | — | — | (656,393 | ) | 6,049,389 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (5,623,087 | ) | (19,219,737 | ) | (13,728,647 | ) | (6,598,281 | ) | (58,054,364 | ) | 127,975,360 | (1,748,994 | ) | (20,003,760 | ) | (44,197,153 | ) | 944,810,329 | ||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (15,975,579 | ) | (21,366,563 | ) | (14,678,034 | ) | (4,393,904 | ) | (69,375,278 | ) | 136,688,078 | (90,097,649 | ) | (21,152,333 | ) | 160,392,812 | 857,157,224 | |||||||||||||||||||||||
Net assets at beginning of period | 49,208,472 | 70,575,035 | 63,140,862 | 67,534,766 | 825,443,427 | 688,755,349 | 792,718,877 | 813,871,210 | 4,903,056,278 | 4,045,899,054 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 33,232,893 | $ | 49,208,472 | $ | 48,462,828 | $ | 63,140,862 | $ | 756,068,149 | $ | 825,443,427 | $ | 702,621,228 | $ | 792,718,877 | $ | 5,063,449,090 | $ | 4,903,056,278 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | — | — | — | — | 3,000,000 | 7,200,000 | 1,500,000 | 1,800,000 | 2,900,000 | 23,500,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (100,000 | ) | (300,000 | ) | (200,000 | ) | (100,000 | ) | (5,200,000 | ) | (2,800,000 | ) | (1,400,000 | ) | (2,400,000 | ) | (4,000,000 | ) | (1,800,000 | ) | ||||||||||||||||||||
Net increase (decrease) | (100,000 | ) | (300,000 | ) | (200,000 | ) | (100,000 | ) | (2,200,000 | ) | 4,400,000 | 100,000 | (600,000 | ) | (1,100,000 | ) | 21,700,000 | |||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 154,298 | $ | 223,053 | $ | 251,437 | $ | 441,064 | $ | 2,815,730 | $ | 5,408,856 | $ | (2,389,166 | ) | $ | 1,749,229 | $ | (190,351,082 | ) | $ | (184,040,107 | ) | |||||||||||||||||
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 Infrastructure ETF | SPDR S&P Global Natural Resources ETF | SPDR MSCI ACWI ex-US ETF | SPDR MSCI ACWI IMI ETF | SPDR MSCI ACWI Low Carbon Target ETF | ||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | Six Months Ended | ||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | ||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | ||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 1,353,272 | $ | 3,513,800 | $ | 7,264,782 | $ | 13,876,435 | $ | 6,438,013 | $ | 17,894,597 | $ | 617,070 | $ | 488,149 | $ | 578,783 | ||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (1,289,837 | ) | 3,645,942 | (5,151,392 | ) | (9,607,560 | ) | 3,957,269 | 6,590,053 | 181,159 | (410 | ) | 35,259 | |||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 303,618 | 6,752,010 | (72,139,263 | ) | 4,014,399 | (4,521,788 | ) | 2,046,911 | 1,455,301 | (272,979 | ) | 1,380,379 | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 367,053 | 13,911,752 | (70,025,873 | ) | 8,283,274 | 5,873,494 | 26,531,561 | 2,253,530 | 214,760 | 1,994,421 | ||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | — | — | — | — | — | — | — | 31,015 | |||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||
Net investment income | (1,627,774 | ) | (3,517,695 | ) | (6,711,282 | ) | (12,447,584 | ) | (6,880,327 | ) | (16,800,571 | ) | (524,619 | ) | (241,004 | ) | (147,919 | ) | ||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (2,549 | ) | (8,630 | ) | — | |||||||||||||||||||||||||
Total distributions to shareholders | (1,627,774 | ) | (3,517,695 | ) | (6,711,282 | ) | (12,447,584 | ) | (6,880,327 | ) | (16,800,571 | ) | (527,168 | ) | (249,634 | ) | (147,919 | ) | ||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 9,393,423 | 74,978,089 | 180,758,960 | 230,193,788 | 132,783,739 | 93,043,547 | 6,405,301 | 51,648,206 | 88,300,106 | |||||||||||||||||||||||||||
Cost of shares redeemed | — | (25,255,803 | ) | (28,847,143 | ) | (38,175,395 | ) | (21,039,419 | ) | (21,105,047 | ) | — | — | — | ||||||||||||||||||||||
Net income equalization (Note 2) | — | — | — | — | — | — | — | — | (31,015 | ) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 9,393,423 | 49,722,286 | 151,911,817 | 192,018,393 | 111,744,320 | 71,938,500 | 6,405,301 | 51,648,206 | 88,269,091 | |||||||||||||||||||||||||||
Net increase in net assets during the period | 8,132,702 | 60,116,343 | 75,174,662 | 187,854,083 | 110,737,487 | 81,669,490 | 8,131,663 | 51,613,332 | 90,146,608 | |||||||||||||||||||||||||||
Net assets at beginning of period | 112,333,063 | 52,216,720 | 595,616,966 | 407,762,883 | 575,493,835 | 493,824,345 | 57,433,664 | 5,820,332 | — | |||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 120,465,765 | $ | 112,333,063 | $ | 670,791,628 | $ | 595,616,966 | $ | 686,231,322 | $ | 575,493,835 | $ | 65,565,327 | $ | 57,433,664 | $ | 90,146,608 | ||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||
Shares sold | 200,000 | 1,600,000 | 4,050,000 | 4,600,000 | 4,000,000 | 2,600,000 | 100,000 | 800,000 | 1,200,000 | |||||||||||||||||||||||||||
Shares redeemed | — | (500,000 | ) | (650,000 | ) | (750,000 | ) | (600,000 | ) | (600,000 | ) | — | — | — | ||||||||||||||||||||||
Net increase (decrease) | 200,000 | 1,100,000 | 3,400,000 | 3,850,000 | 3,400,000 | 2,000,000 | 100,000 | 800,000 | 1,200,000 | |||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 453,908 | $ | 728,410 | $ | 4,274,920 | $ | 3,721,420 | $ | 3,522,466 | $ | 3,964,780 | $ | 366,701 | $ | 274,250 | $ | 430,864 | ||||||||||||||||||
* | 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 MSCI EM 50 ETF | SPDR MSCI EM Beyond BRIC ETF | SPDR MSCI EAFE Quality Mix ETF | SPDR MSCI Emerging Markets Quality Mix ETF | SPDR MSCI World Quality Mix ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | For the Period | ||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | 3/31/15 | 12/4/13*- | 3/31/15 | 6/4/14*- | 3/31/15 | 6/4/14*- | 3/31/15 | 6/4/14*- | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 3,873 | $ | 88,865 | $ | 15,101 | $ | 62,113 | $ | 61,046 | $ | 45,327 | $ | 227,811 | $ | 77,331 | $ | 61,039 | $ | 37,275 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (39,418 | ) | 411,161 | 5,068 | 196,923 | (11,334 | ) | (636 | ) | (102,226 | ) | (12,635 | ) | 31,260 | (773 | ) | ||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 14,319 | (123,228 | ) | (188,162 | ) | 35,095 | 62,256 | (313,508 | ) | 817,462 | (110,807 | ) | 214,166 | (37,702 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (21,226 | ) | 376,798 | (167,993 | ) | 294,131 | 111,968 | (268,817 | ) | 943,047 | (46,111 | ) | 306,465 | (1,200 | ) | |||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (51,150 | ) | (55,039 | ) | (41,607 | ) | (29,342 | ) | (59,714 | ) | (3,253 | ) | (85,521 | ) | (1,381 | ) | (57,828 | ) | (4,196 | ) | ||||||||||||||||||||
Net realized gains | — | — | — | — | (125 | ) | — | (361 | ) | — | (251 | ) | — | |||||||||||||||||||||||||||
Total distributions to shareholders | (51,150 | ) | (55,039 | ) | (41,607 | ) | (29,342 | ) | (59,839 | ) | (3,253 | ) | (85,882 | ) | (1,381 | ) | (58,079 | ) | (4,196 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | 2,311,108 | — | 8,954,559 | — | 6,000,000 | 67,741,541 | 6,000,000 | — | 6,000,000 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | (2,583,320 | ) | — | (6,112,475 | ) | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Other capital (Note 4) | — | — | — | — | — | — | 169,354 | 6,120 | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | — | (272,212 | ) | — | 2,842,084 | — | 6,000,000 | 67,910,895 | 6,006,120 | — | 6,000,000 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (72,376 | ) | 49,547 | (209,600 | ) | 3,106,873 | 52,129 | 5,727,930 | 68,768,060 | 5,958,628 | 248,386 | 5,994,604 | ||||||||||||||||||||||||||||
Net assets at beginning of period | 2,404,754 | 2,355,207 | 3,106,873 | — | 5,727,930 | — | 5,958,628 | — | 5,994,604 | — | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 2,332,378 | $ | 2,404,754 | $ | 2,897,273 | $ | 3,106,873 | $ | 5,780,059 | $ | 5,727,930 | $ | 74,726,688 | $ | 5,958,628 | $ | 6,242,990 | $ | 5,994,604 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | — | 50,000 | — | 150,000 | — | 100,000 | 1,200,000 | 100,000 | — | 100,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | (50,000 | ) | — | (100,000 | ) | — | — | — | — | — | — | ||||||||||||||||||||||||||||
Net increase (decrease) | — | — | — | 50,000 | — | 100,000 | 1,200,000 | 100,000 | — | 100,000 | ||||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (1,863 | ) | $ | 45,414 | $ | 5,181 | $ | 31,687 | $ | 42,762 | $ | 41,430 | $ | 205,248 | $ | 62,958 | $ | 35,445 | $ | 32,234 | |||||||||||||||||||
* | 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 MSCI Australia Quality Mix ETF | SPDR MSCI Canada Quality Mix ETF | SPDR MSCI Germany Quality Mix ETF | SPDR MSCI Japan Quality Mix ETF | SPDR MSCI Mexico Quality Mix ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | For the Period | |||||||||||||||||||||||||||||||
3/31/15 | 6/11/14*- | 3/31/15 | 6/11/14*- | 3/31/15 | 6/11/14*- | 3/31/15 | 6/11/14*- | 3/31/15 | 9/16/14*- | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 177,583 | $ | 110,356 | $ | 29,814 | $ | 37,670 | $ | 8,263 | $ | 1,867 | $ | 48,230 | $ | 40,992 | $ | 7,599 | $ | 390 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (321,211 | ) | (1,923 | ) | 26,019 | 56,136 | (383,494 | ) | (3,196 | ) | 1,111 | (382 | ) | (14,169 | ) | (704 | ) | |||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 144,974 | (518,553 | ) | (279,702 | ) | (30,018 | ) | 793,739 | (640,451 | ) | 486,034 | 5,133 | (380,416 | ) | (116,794 | ) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 1,346 | (410,120 | ) | (223,869 | ) | 63,788 | 418,508 | (641,780 | ) | 535,375 | 45,743 | (386,986 | ) | (117,108 | ) | |||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | (24,354 | ) | — | — | — | (6,740 | ) | — | — | — | — | — | ||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (221,362 | ) | — | (55,152 | ) | (2,368 | ) | (2,601 | ) | (344 | ) | (49,101 | ) | — | (11,439 | ) | — | |||||||||||||||||||||||
Net realized gains | (205 | ) | — | — | — | — | — | (610 | ) | — | — | — | ||||||||||||||||||||||||||||
Total distributions to shareholders | (221,567 | ) | — | (55,152 | ) | (2,368 | ) | (2,601 | ) | (344 | ) | (49,711 | ) | — | (11,439 | ) | — | |||||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 2,803,579 | 6,000,000 | — | 6,000,000 | 5,467,589 | 6,000,000 | — | 6,000,000 | — | 3,000,000 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (5,500,799 | ) | — | — | (3,070,323 | ) | (2,623,729 | ) | — | — | — | — | — | |||||||||||||||||||||||||||
Net income equalization (Note 2) | 24,354 | — | — | — | 6,740 | — | — | — | — | — | ||||||||||||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (2,672,866 | ) | 6,000,000 | — | 2,929,677 | 2,850,600 | 6,000,000 | — | 6,000,000 | — | 3,000,000 | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (2,917,441 | ) | 5,589,880 | (279,021 | ) | 2,991,097 | 3,259,767 | 5,357,876 | 485,664 | 6,045,743 | (398,425 | ) | 2,882,892 | |||||||||||||||||||||||||||
Net assets at beginning of period | 5,589,880 | — | 2,991,097 | — | 5,357,876 | — | 6,045,743 | — | 2,882,892 | — | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 2,672,439 | $ | 5,589,880 | $ | 2,712,076 | $ | 2,991,097 | $ | 8,617,643 | $ | 5,357,876 | $ | 6,531,407 | $ | 6,045,743 | $ | 2,484,467 | $ | 2,882,892 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 50,000 | 100,000 | — | 100,000 | 100,000 | 100,000 | — | 100,000 | — | 100,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (100,000 | ) | — | — | (50,000 | ) | (50,000 | ) | — | — | — | — | — | |||||||||||||||||||||||||||
Net increase (decrease) | (50,000 | ) | 100,000 | — | 50,000 | 50,000 | 100,000 | — | 100,000 | — | 100,000 | |||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 64,629 | $ | 108,408 | $ | 14,030 | $ | 39,368 | $ | 8,263 | $ | 2,601 | $ | 39,739 | $ | 40,610 | $ | (3,471 | ) | $ | 369 | |||||||||||||||||||
* | 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 MSCI South Korea Quality Mix ETF | SPDR MSCI Spain Quality Mix ETF | SPDR MSCI Taiwan Quality Mix ETF | SPDR MSCI United Kingdom Quality Mix ETF | SPDR Russell/Nomura PRIME Japan ETF | ||||||||||||||||||||||||||||||||||||
Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | For the Period | Six Months Ended | ||||||||||||||||||||||||||||||||
3/31/15 | 9/16/14*- | 3/31/15 | 6/11/14*- | 3/31/15 | 9/16/14*- | 3/31/15 | 6/11/14*- | 3/31/15 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 25,331 | $ | (419 | ) | $ | 137,299 | $ | 94,572 | $ | (12,313 | ) | $ | (773 | ) | $ | 82,426 | $ | 61,755 | $ | 127,138 | $ | 1,094,248 | |||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | (21,785 | ) | 12,121 | (982,352 | ) | (4,936 | ) | (3,451 | ) | 9,685 | (187,730 | ) | (1,040 | ) | (778,414 | ) | 5,486,630 | |||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | (124,143 | ) | (157,336 | ) | 307,920 | (849,916 | ) | 324,249 | (225,587 | ) | 39,816 | (352,048 | ) | 1,783,203 | (3,608,750 | ) | ||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | (120,597 | ) | (145,634 | ) | (537,133 | ) | (760,280 | ) | 308,485 | (216,675 | ) | (65,488 | ) | (291,333 | ) | 1,131,927 | 2,972,128 | |||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | — | (19,841 | ) | — | — | — | (22,732 | ) | — | — | — | ||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (37,871 | ) | — | (193,429 | ) | (5,821 | ) | (8,912 | ) | — | (95,126 | ) | (610 | ) | (799,652 | ) | (1,581,813 | ) | ||||||||||||||||||||||
Total distributions to shareholders | (37,871 | ) | — | (193,429 | ) | (5,821 | ) | (8,912 | ) | — | (95,126 | ) | (610 | ) | (799,652 | ) | (1,581,813 | ) | ||||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | 3,000,000 | — | 9,023,738 | — | 6,000,000 | — | 6,000,000 | — | 18,324,183 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | — | — | (5,004,858 | ) | — | — | — | (2,826,160 | ) | — | (8,613,583 | ) | (119,503,938 | ) | ||||||||||||||||||||||||||
Net income equalization (Note 2) | — | — | 19,841 | — | — | — | 22,732 | — | — | — | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | — | 3,000,000 | (4,985,017 | ) | 9,023,738 | — | 6,000,000 | (2,803,428 | ) | 6,000,000 | (8,613,583 | ) | (101,179,755 | ) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (158,468 | ) | 2,854,366 | (5,735,420 | ) | 8,257,637 | 299,573 | 5,783,325 | (2,986,774 | ) | 5,708,057 | (8,281,308 | ) | (99,789,440 | ) | |||||||||||||||||||||||||
Net assets at beginning of period | 2,854,366 | — | 8,257,637 | — | 5,783,325 | — | 5,708,057 | — | 27,121,669 | 126,911,109 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 2,695,898 | $ | 2,854,366 | $ | 2,522,217 | $ | 8,257,637 | $ | 6,082,898 | $ | 5,783,325 | $ | 2,721,283 | $ | 5,708,057 | $ | 18,840,361 | $ | 27,121,669 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | — | 100,000 | — | 150,000 | — | 100,000 | — | 100,000 | — | 400,000 | ||||||||||||||||||||||||||||||
Shares redeemed | — | — | (100,000 | ) | — | — | — | (50,000 | ) | — | (200,000 | ) | (2,600,000 | ) | ||||||||||||||||||||||||||
Net increase (decrease) | — | 100,000 | (100,000 | ) | 150,000 | — | 100,000 | (50,000 | ) | 100,000 | (200,000 | ) | (2,200,000 | ) | ||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 313 | $ | 12,853 | $ | 31,614 | $ | 87,744 | $ | (12,313 | ) | $ | 8,912 | $ | 47,453 | $ | 60,153 | $ | 26,873 | $ | 699,387 | |||||||||||||||||||
* | 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 Small Cap Japan ETF | SPDR S&P Global Dividend 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 | ||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 436,465 | $ | 836,771 | $ | 620,255 | $ | 775,811 | $ | 22,225,085 | $ | 70,444,331 | $ | 406,591 | $ | 1,166,533 | $ | 1,944,221 | $ | 14,165,333 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 49,944 | 1,146,097 | 741,001 | 285,553 | (61,422,891 | ) | 67,019,027 | 2,010,348 | 4,345,928 | (16,452,161 | ) | 4,826,776 | ||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 1,741,400 | (2,284,312 | ) | (358,129 | ) | (575,700 | ) | (75,170,280 | ) | (86,957,107 | ) | (1,470,440 | ) | (4,020,643 | ) | (13,043,097 | ) | 24,288,920 | ||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 2,227,809 | (301,444 | ) | 1,003,127 | 485,664 | (114,368,086 | ) | 50,506,251 | 946,499 | 1,491,818 | (27,551,037 | ) | 43,281,029 | |||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | — | — | 64,886 | 15,686 | 401,323 | 871,464 | — | — | — | — | ||||||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (184,004 | ) | (2,287,511 | ) | (614,209 | ) | (774,129 | ) | (27,602,623 | ) | (71,478,207 | ) | (902,067 | ) | (1,269,253 | ) | (9,871,567 | ) | (15,106,089 | ) | ||||||||||||||||||||
Net realized gains | — | — | (301,724 | ) | — | — | — | (4,175,861 | ) | (3,056,290 | ) | — | — | |||||||||||||||||||||||||||
Total distributions to shareholders | (184,004 | ) | (2,287,511 | ) | (915,933 | ) | (774,129 | ) | (27,602,623 | ) | (71,478,207 | ) | (5,077,928 | ) | (4,325,543 | ) | (9,871,567 | ) | (15,106,089 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | — | — | 23,372,910 | 19,989,175 | 98,405,854 | 251,950,147 | 17,811,610 | 26,880,442 | — | — | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (11,983,786 | ) | (22,266,802 | ) | — | — | (68,191,955 | ) | (85,690,252 | ) | (33,762,356 | ) | — | (70,332,848 | ) | (220,214,602 | ) | |||||||||||||||||||||||
Net income equalization (Note 2) | — | — | (64,886 | ) | (15,686 | ) | (401,323 | ) | (871,464 | ) | — | — | — | — | ||||||||||||||||||||||||||
Other capital (Note 4) | — | — | — | — | — | — | — | — | — | 655,796 | ||||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | (11,983,786 | ) | (22,266,802 | ) | 23,308,024 | 19,973,489 | 29,812,576 | 165,388,431 | (15,950,746 | ) | 26,880,442 | (70,332,848 | ) | (219,558,806 | ) | |||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | (9,939,981 | ) | (24,855,757 | ) | 23,460,104 | 19,700,710 | (111,756,810 | ) | 145,287,939 | (20,082,175 | ) | 24,046,717 | (107,755,452 | ) | (191,383,866 | ) | ||||||||||||||||||||||||
Net assets at beginning of period | 72,750,636 | 97,606,393 | 29,199,671 | 9,498,961 | 1,450,113,935 | 1,304,825,996 | 70,446,162 | 46,399,445 | 570,082,186 | 761,466,052 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 62,810,655 | $ | 72,750,636 | $ | 52,659,775 | $ | 29,199,671 | $ | 1,338,357,125 | $ | 1,450,113,935 | $ | 50,363,987 | $ | 70,446,162 | $ | 462,326,734 | $ | 570,082,186 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | — | — | 350,000 | 300,000 | 2,200,000 | 5,100,000 | 600,000 | 800,000 | — | — | ||||||||||||||||||||||||||||||
Shares redeemed | (250,000 | ) | (450,000 | ) | — | — | (1,600,000 | ) | (1,800,000 | ) | (1,150,000 | ) | — | (1,500,000 | ) | (4,700,000 | ) | |||||||||||||||||||||||
Net increase (decrease) | (250,000 | ) | (450,000 | ) | 350,000 | 300,000 | 600,000 | 3,300,000 | (550,000 | ) | 800,000 | (1,500,000 | ) | (4,700,000 | ) | |||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (91,430 | ) | $ | (343,891 | ) | $ | 41,387 | $ | 35,341 | $ | 408,839 | $ | 5,786,377 | $ | 86,105 | $ | 581,581 | $ | (60,373 | ) | $ | 7,866,973 | |||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 25,147,168 | $ | 32,752,784 | $ | 123,919 | $ | 385,898 | $ | 237,008 | $ | 976,690 | $ | 331,447 | $ | 536,448 | $ | 133,990 | $ | 322,674 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 1,663,845 | 15,272,479 | 889,060 | 1,704,705 | 1,867,048 | 13,653 | (359,083 | ) | 70,669 | 14,389 | 431,422 | |||||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | 176,383,596 | 25,625,589 | 220,920 | (2,228,684 | ) | (938,554 | ) | (161,027 | ) | (4,871,198 | ) | (515,923 | ) | (187,888 | ) | (440,409 | ) | |||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 203,194,609 | 73,650,852 | 1,233,899 | (138,081 | ) | 1,165,502 | 829,316 | (4,898,834 | ) | 91,194 | (39,509 | ) | 313,687 | |||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 772,662 | 1,802,684 | (15,439 | ) | (4,040 | ) | 941 | 42,871 | 4,182 | 31,461 | 16,362 | (81,523 | ) | |||||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (23,194,690 | ) | (40,259,506 | ) | (112,857 | ) | (441,020 | ) | (241,235 | ) | (1,023,722 | ) | (337,301 | ) | (554,858 | ) | (260,211 | ) | (339,282 | ) | ||||||||||||||||||||
Total distributions to shareholders | (23,194,690 | ) | (40,259,506 | ) | (112,857 | ) | (441,020 | ) | (241,235 | ) | (1,023,722 | ) | (337,301 | ) | (554,858 | ) | (260,211 | ) | (339,282 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 448,557,584 | 486,791,879 | — | 5,846,832 | — | 6,105,682 | 12,262,822 | 8,581,829 | 1,083,518 | 6,700,984 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (13,240,376 | ) | (50,428,622 | ) | (5,540,577 | ) | (5,839,099 | ) | (9,567,653 | ) | — | (2,329,192 | ) | (1,340,943 | ) | (1,045,344 | ) | (2,279,644 | ) | |||||||||||||||||||||
Net income equalization (Note 2) | (772,662 | ) | (1,802,684 | ) | 15,439 | 4,040 | (941 | ) | (42,871 | ) | (4,182 | ) | (31,461 | ) | (16,362 | ) | 81,523 | |||||||||||||||||||||||
Other capital (Note 4) | — | (164 | ) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 434,544,546 | 434,560,409 | (5,525,138 | ) | 11,773 | (9,568,594 | ) | 6,062,811 | 9,929,448 | 7,209,425 | 21,812 | 4,502,863 | ||||||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 615,317,127 | 469,754,439 | (4,419,535 | ) | (571,368 | ) | (8,643,386 | ) | 5,911,276 | 4,697,495 | 6,777,222 | (261,546 | ) | 4,395,745 | ||||||||||||||||||||||||||
Net assets at beginning of period | 1,473,131,829 | 1,003,377,390 | 18,404,575 | 18,975,943 | 42,852,775 | 36,941,499 | 19,312,020 | 12,534,798 | 10,923,503 | 6,527,758 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 2,088,448,956 | $ | 1,473,131,829 | $ | 13,985,040 | $ | 18,404,575 | $ | 34,209,389 | $ | 42,852,775 | $ | 24,009,515 | $ | 19,312,020 | $ | 10,661,957 | $ | 10,923,503 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 9,100,000 | 10,700,000 | — | 150,000 | — | 150,000 | 600,000 | 300,000 | 50,000 | 300,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (300,000 | ) | (1,200,000 | ) | (150,000 | ) | (150,000 | ) | (250,000 | ) | — | (100,000 | ) | (50,000 | ) | (50,000 | ) | (100,000 | ) | |||||||||||||||||||||
Net increase (decrease) | 8,800,000 | 9,500,000 | (150,000 | ) | — | (250,000 | ) | 150,000 | 500,000 | 250,000 | — | 200,000 | ||||||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (17,531,918 | ) | $ | (19,484,396 | ) | $ | 71,890 | $ | 60,828 | $ | (79,125 | ) | $ | (74,898 | ) | $ | (4,194 | ) | $ | 1,660 | $ | 4,270 | $ | 130,491 | |||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | 3/31/15 | Year Ended | |||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | |||||||||||||||||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) | $ | 626,170 | $ | 1,076,313 | $ | 153,289 | $ | 536,137 | $ | 45,244 | $ | 179,174 | $ | 29,469 | $ | 131,861 | $ | 406,615 | $ | 4,194,166 | ||||||||||||||||||||
Net realized gain (loss) on investments and foreign currency transactions | 4,776,786 | 4,554,473 | 46,345 | 194,008 | (488,007 | ) | (804,084 | ) | 354,084 | 496,168 | (879,521 | ) | 1,157,507 | |||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | (1,198,663 | ) | 5,005,472 | (231,672 | ) | (390,310 | ) | 150,661 | 381,792 | 434,275 | 200,443 | 1,162,491 | (3,469,941 | ) | ||||||||||||||||||||||||||
Net increase (decrease) in net assets resulting from operations | 4,204,293 | 10,636,258 | (32,038 | ) | 339,835 | (292,102 | ) | (243,118 | ) | 817,828 | 828,472 | 689,585 | 1,881,732 | |||||||||||||||||||||||||||
Net equalization credits and charges (Note 2) | 25,678 | 25,355 | 5,191 | (55,237 | ) | 717 | (453 | ) | (1,504 | ) | (1,072 | ) | 646 | (133,997 | ) | |||||||||||||||||||||||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||||||||||||||||||||||||||||||||||
Net investment income | (594,933 | ) | (1,109,173 | ) | (225,085 | ) | (544,065 | ) | (44,093 | ) | (262,845 | ) | (74,152 | ) | (206,790 | ) | (498,213 | ) | (4,048,039 | ) | ||||||||||||||||||||
Net realized gains | (6,327 | ) | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||
Total distributions to shareholders | (601,260 | ) | (1,109,173 | ) | (225,085 | ) | (544,065 | ) | (44,093 | ) | (262,845 | ) | (74,152 | ) | (206,790 | ) | (498,213 | ) | (4,048,039 | ) | ||||||||||||||||||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||||||||||||||||||||||||||||||||||
Proceeds from sale of shares sold | 21,588,777 | 9,716,923 | — | 12,363,293 | — | — | — | 1,543,488 | 3,867,632 | 20,600,179 | ||||||||||||||||||||||||||||||
Cost of shares redeemed | (16,414,653 | ) | (13,598,412 | ) | (4,358,557 | ) | (1,574,953 | ) | (990,508 | ) | (1,223,889 | ) | (1,587,743 | ) | (1,580,716 | ) | (2,611,578 | ) | (8,487,193 | ) | ||||||||||||||||||||
Net income equalization (Note 2) | (25,678 | ) | (25,355 | ) | (5,191 | ) | 55,237 | (717 | ) | 453 | 1,504 | 1,072 | (646 | ) | 133,997 | |||||||||||||||||||||||||
Net increase (decrease) in net assets from beneficial interest transactions | 5,148,446 | (3,906,844 | ) | (4,363,748 | ) | 10,843,577 | (991,225 | ) | (1,223,436 | ) | (1,586,239 | ) | (36,156 | ) | 1,255,408 | 12,246,983 | ||||||||||||||||||||||||
Net increase (decrease) in net assets during the period | 8,777,157 | 5,645,596 | (4,615,680 | ) | 10,584,110 | (1,326,703 | ) | (1,729,852 | ) | (844,067 | ) | 584,454 | 1,447,426 | 9,946,679 | ||||||||||||||||||||||||||
Net assets at beginning of period | 66,124,671 | 60,479,075 | 24,323,855 | 13,739,745 | 7,603,039 | 9,332,891 | 12,591,491 | 12,007,037 | 43,564,606 | 33,617,927 | ||||||||||||||||||||||||||||||
NET ASSETS END OF PERIOD (1) | $ | 74,901,828 | $ | 66,124,671 | $ | 19,708,175 | $ | 24,323,855 | $ | 6,276,336 | $ | 7,603,039 | $ | 11,747,424 | $ | 12,591,491 | $ | 45,012,032 | $ | 43,564,606 | ||||||||||||||||||||
SHARES OF BENEFICIAL INTEREST: | ||||||||||||||||||||||||||||||||||||||||
Shares sold | 450,000 | 200,000 | — | 400,000 | — | — | — | 50,000 | 150,000 | 750,000 | ||||||||||||||||||||||||||||||
Shares redeemed | (350,000 | ) | (300,000 | ) | (150,000 | ) | (50,000 | ) | (50,000 | ) | (50,000 | ) | (50,000 | ) | (50,000 | ) | (100,000 | ) | (300,000 | ) | ||||||||||||||||||||
Net increase (decrease) | 100,000 | (100,000 | ) | (150,000 | ) | 350,000 | (50,000 | ) | (50,000 | ) | (50,000 | ) | — | 50,000 | 450,000 | |||||||||||||||||||||||||
(1) Including undistributed (distribution in excess of) net investment income | $ | 60,083 | $ | 28,846 | $ | 33,949 | $ | 105,745 | $ | 11,545 | $ | 10,394 | $ | (20,140 | ) | $ | 24,543 | $ | 63,660 | $ | 155,258 | |||||||||||||||||||
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 | ||||||||
3/31/15 | Year Ended | |||||||
(Unaudited) | 9/30/14 | |||||||
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS: | ||||||||
Net investment income (loss) | $ | 629,694 | $ | 2,191,775 | ||||
Net realized gain (loss) on investments and foreign currency transactions | 3,625,931 | (1,888,802 | ) | |||||
Net change in unrealized appreciation (depreciation) on investments and foreign currency transactions | (9,140,845 | ) | 4,571,985 | |||||
Net increase (decrease) in net assets resulting from operations | (4,885,220 | ) | 4,874,958 | |||||
Net equalization credits and charges (Note 2) | (5,701 | ) | 63,992 | |||||
DISTRIBUTIONS TO SHAREHOLDERS FROM: | ||||||||
Net investment income | (680,958 | ) | (2,223,595 | ) | ||||
Total distributions to shareholders | (680,958 | ) | (2,223,595 | ) | ||||
FROM BENEFICIAL INTEREST TRANSACTIONS: | ||||||||
Proceeds from sale of shares sold | 2,732,569 | 27,067,122 | ||||||
Cost of shares redeemed | (34,449,073 | ) | — | |||||
Net income equalization (Note 2) | 5,701 | (63,992 | ) | |||||
Net increase (decrease) in net assets from beneficial interest transactions | (31,710,803 | ) | 27,003,130 | |||||
Net increase (decrease) in net assets during the period | (37,282,682 | ) | 29,718,485 | |||||
Net assets at beginning of period | 69,586,839 | 39,868,354 | ||||||
NET ASSETS END OF PERIOD (1) | $ | 32,304,157 | $ | 69,586,839 | ||||
SHARES OF BENEFICIAL INTEREST: | ||||||||
Shares sold | 150,000 | 1,450,000 | ||||||
Shares redeemed | (1,950,000 | ) | — | |||||
Net increase (decrease) | (1,800,000 | ) | 1,450,000 | |||||
(1) Including undistributed (distribution in excess of) net investment income | $ | (255,174 | ) | $ | (203,910 | ) | ||
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 | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 36.86 | $ | 36.47 | $ | 31.50 | $ | 28.26 | $ | 33.39 | $ | 35.31 | $ | 39.88 | $ | 38.33 | $ | 30.96 | $ | 28.72 | $ | 36.90 | $ | 41.34 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.51 | 2.03 | (2) | 1.19 | 1.25 | 1.23 | 1.02 | 0.32 | 1.32 | 1.19 | 1.42 | 1.63 | 1.13 | |||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | (1.82 | ) | 0.22 | 4.84 | 3.21 | (4.73 | ) | (1.95 | ) | (1.08 | ) | 1.46 | 7.19 | 1.77 | (8.23 | ) | (4.47 | ) | ||||||||||||||||||||||||||||||
Total from investment operations | (1.31 | ) | 2.25 | 6.03 | 4.46 | (3.50 | ) | (0.93 | ) | (0.76 | ) | 2.78 | 8.38 | 3.19 | (6.60 | ) | (3.34 | ) | ||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.02 | 0.11 | 0.13 | 0.04 | (0.03 | ) | 0.06 | (0.01 | ) | 0.06 | 0.13 | 0.35 | (0.00 | )(4) | 0.10 | |||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.51 | ) | (1.97 | ) | (1.19 | ) | (1.26 | ) | (1.60 | ) | (1.05 | ) | (0.34 | ) | (1.29 | ) | (1.14 | ) | (1.30 | ) | (1.58 | ) | (1.20 | ) | ||||||||||||||||||||||||
Total distributions | (0.51 | ) | (1.97 | ) | (1.19 | ) | (1.26 | ) | (1.60 | ) | (1.05 | ) | (0.34 | ) | (1.29 | ) | (1.14 | ) | (1.30 | ) | (1.58 | ) | (1.20 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 35.06 | $ | 36.86 | $ | 36.47 | $ | 31.50 | $ | 28.26 | $ | 33.39 | $ | 38.77 | $ | 39.88 | $ | 38.33 | $ | 30.96 | $ | 28.72 | $ | 36.90 | ||||||||||||||||||||||||
Total return (5) | (3.49 | )% | 6.33 | %(2) | 19.94 | %(6) | 16.25 | % | (11.37 | )% | (2.52 | )% | (1.90 | )% | 7.20 | % | 28.10 | %(6) | 12.90 | % | (18.88 | )% | (7.48 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 261,175 | $ | 261,730 | $ | 109,419 | $ | 37,809 | $ | 29,684 | $ | 38,407 | $ | 4,668,226 | $ | 4,949,488 | $ | 3,285,263 | $ | 993,820 | $ | 116,356 | $ | 162,400 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.29 | %(7) | 0.29 | % | 0.29 | % | 0.29 | % | 0.30 | % | 0.31 | % | 0.29 | %(7) | 0.29 | % | 0.29 | % | 0.29 | % | 0.30 | % | 0.31 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.91 | %(7) | 5.28 | %(2) | 3.47 | % | 4.12 | % | 3.55 | % | 3.05 | % | 1.67 | %(7) | 3.16 | % | 3.43 | % | 4.78 | % | 4.29 | % | 3.03 | % | ||||||||||||||||||||||||
Portfolio turnover rate (8) | 1 | % | 9 | % | 12 | % | 6 | % | 7 | % | 9 | % | 1 | % | 6 | % | 8 | % | 9 | % | 7 | % | 8 | % |
(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 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 $0.76 per share and 1.96% of average net assets. If the special dividends were not received during the year ended September 30, 2014, the total return would have been 4.56%. | |
(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) | If the Adviser had not made a contribution during the period ended September 30, 2013, the total return would have been 19.93% for SPDR STOXX Europe 50 ETF and would have remained 28.10% for SPDR EURO STOXX 50 ETF. | |
(7) | Annualized | |
(8) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR EURO STOXX Small Cap ETF | SPDR S&P Emerging Asia Pacific ETF | |||||||||||||||||||||||||||||||
Six Months | For the | Six Months | ||||||||||||||||||||||||||||||
Ended | Period | Ended | ||||||||||||||||||||||||||||||
3/31/15 | 6/4/14*- | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||
(Unaudited) | 9/30/14* | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||
Net asset value, beginning of period | $ | 50.65 | $ | 60.00 | $ | 83.84 | $ | 75.37 | $ | 73.54 | $ | 66.85 | $ | 82.86 | $ | 69.33 | ||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.46 | 0.16 | 0.04 | 1.74 | 1.62 | 1.32 | 1.52 | 1.28 | ||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 0.49 | (9.47 | ) | 4.71 | 7.95 | 1.96 | 8.00 | (13.63 | ) | 13.06 | ||||||||||||||||||||||
Total from investment operations | 0.95 | (9.31 | ) | 4.75 | 9.69 | 3.58 | 9.32 | (12.11 | ) | 14.34 | ||||||||||||||||||||||
Net equalization credits and charges (1) | (0.11 | ) | — | — | — | — | — | — | — | |||||||||||||||||||||||
Other capital | — | — | — | — | — | — | �� | — | — | |||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||
Net investment income | (0.28 | ) | (0.11 | ) | (0.88 | ) | (1.22 | ) | (1.75 | ) | (1.71 | ) | (1.29 | ) | (0.81 | ) | ||||||||||||||||
Net realized gains | — | — | — | — | — | (0.92 | ) | (2.61 | ) | — | ||||||||||||||||||||||
Total distributions | (0.28 | ) | (0.11 | ) | (0.88 | ) | (1.22 | ) | (1.75 | ) | (2.63 | ) | (3.90 | ) | (0.81 | ) | ||||||||||||||||
Voluntary contribution from Adviser | — | 0.07 | — | — | — | — | — | — | ||||||||||||||||||||||||
Net asset value, end of period | $ | 51.21 | $ | 50.65 | $ | 87.71 | $ | 83.84 | $ | 75.37 | $ | 73.54 | $ | 66.85 | $ | 82.86 | ||||||||||||||||
Total return (3) | 1.68 | % | (15.43 | )%(4) | 5.71 | % | 12.99 | % | 4.91 | % | 14.40 | % | (15.55 | )% | 20.85 | % | ||||||||||||||||
Net assets, end of period (in 000’s) | $ | 5,121 | $ | 7,598 | $ | 736,759 | $ | 687,494 | $ | 399,460 | $ | 389,769 | $ | 514,755 | $ | 712,608 | ||||||||||||||||
Ratio of expenses to average net assets | 0.47 | %(5) | 0.45 | %(5) | 0.56 | %(5) | 0.59 | % | 0.59 | % | 0.60 | % | 0.60 | % | 0.60 | % | ||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.84 | %(5) | 0.89 | %(5) | 0.11 | %(5) | 2.17 | % | 2.14 | % | 1.87 | % | 1.83 | % | 1.74 | % | ||||||||||||||||
Portfolio turnover rate (6) | 27 | % | 30 | % | 8 | % | 15 | % | 16 | % | 7 | % | 20 | % | 10 | % |
* | 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) | If the Adviser had not made a contribution during the period ended September 30, 2014, the total return would have been (15.54)%. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
See accompanying notes to financial statements.
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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 Russia ETF | SPDR S&P China ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | ||||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | ||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | 3/10/10*- | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 22.03 | $ | 27.19 | $ | 28.54 | $ | 25.65 | $ | 30.01 | $ | 30.00 | $ | 76.42 | $ | 74.18 | $ | 65.45 | $ | 57.68 | $ | 76.14 | $ | 66.50 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.12 | 0.75 | 0.70 | 0.57 | 0.57 | 0.20 | (0.07 | ) | 1.77 | 1.63 | 1.68 | 1.31 | 1.03 | |||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (5.04 | ) | (5.51 | ) | (0.82 | ) | 2.80 | (4.53 | ) | (0.01 | ) | 8.37 | 1.93 | 8.72 | 7.56 | (18.48 | ) | 9.44 | ||||||||||||||||||||||||||||||
Total from investment operations | (4.92 | ) | (4.76 | ) | (0.12 | ) | 3.37 | (3.96 | ) | 0.19 | 8.30 | 3.70 | 10.35 | 9.24 | (17.17 | ) | 10.47 | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | 0.01 | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.65 | ) | (0.40 | ) | (1.23 | ) | (0.48 | ) | (0.29 | ) | (0.18 | ) | (0.71 | ) | (1.46 | ) | (1.62 | ) | (1.47 | ) | (1.29 | ) | (0.83 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | (0.11 | ) | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Total distributions | (0.65 | ) | (0.40 | ) | (1.23 | ) | (0.48 | ) | (0.40 | ) | (0.18 | ) | (0.71 | ) | (1.46 | ) | (1.62 | ) | (1.47 | ) | (1.29 | ) | (0.83 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 16.46 | $ | 22.03 | $ | 27.19 | $ | 28.54 | $ | 25.65 | $ | 30.01 | $ | 84.02 | $ | 76.42 | $ | 74.18 | $ | 65.45 | $ | 57.68 | $ | 76.14 | ||||||||||||||||||||||||
Total return (3) | (21.93 | )% | (17.72 | )% | (0.41 | )% | 13.40 | % | (13.58 | )% | 0.72 | % | 10.92 | % | 5.00 | % | 16.20 | % | 16.17 | % | (22.95 | )% | 15.87 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 30,451 | $ | 23,135 | $ | 31,264 | $ | 39,963 | $ | 43,611 | $ | 6,003 | $ | 1,117,518 | $ | 947,605 | $ | 897,623 | $ | 759,186 | $ | 617,133 | $ | 677,680 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.60 | %(4) | 0.60 | % | 0.60 | % | 0.59 | % | 0.59 | % | 0.59 | %(4) | 0.59 | %(4) | 0.59 | % | 0.59 | % | 0.59 | % | 0.60 | % | 0.61 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.40 | %(4) | 2.94 | % | 2.56 | % | 2.05 | % | 1.56 | % | 1.25 | %(4) | (0.17 | )%(4) | 2.33 | % | 2.31 | % | 2.56 | % | 1.71 | % | 1.46 | % | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 1 | % | 4 | % | 3 | % | 11 | % | 15 | % | 1 | % | 8 | % | 10 | % | 12 | % | 10 | % | 9 | % | 25 | % |
* | 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. |
See accompanying notes to financial statements.
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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 Markets ETF | SPDR S&P Emerging Markets Dividend ETF | |||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | 2/23/11*- | ||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | ||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 66.35 | $ | 63.14 | $ | 63.85 | $ | 57.26 | $ | 69.89 | $ | 59.00 | $ | 36.66 | $ | 40.34 | $ | 43.70 | $ | 43.89 | $ | 50.00 | ||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.26 | 1.39 | 1.38 | 1.48 | 1.36 | 1.09 | 0.34 | 1.77 | 2.45 | 3.18 | 2.32 | |||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (1.33 | ) | 2.85 | (0.55 | ) | 7.20 | (12.20 | ) | 10.73 | (3.51 | ) | (3.86 | ) | (3.87 | ) | (0.78 | ) | (6.96 | ) | |||||||||||||||||||||||||
Total from investment operations | (1.07 | ) | 4.24 | 0.83 | 8.68 | (10.84 | ) | 11.82 | (3.17 | ) | (2.09 | ) | (1.42 | ) | 2.40 | (4.64 | ) | |||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | — | — | — | (3) | 0.04 | 0.09 | 0.01 | 0.43 | ||||||||||||||||||||||||||||||||
Other capital | — | — | — | 0.00 | (4) | — | — | — | (3) | 0.01 | 0.05 | — | — | |||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.87 | ) | (1.03 | ) | (1.54 | ) | (1.41 | ) | (1.15 | ) | (0.93 | ) | (0.30 | ) | (1.64 | ) | (2.08 | ) | (2.60 | ) | (1.28 | ) | ||||||||||||||||||||||
Net realized gains | — | — | — | (0.68 | ) | (0.64 | ) | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Return of capital | — | — | — | — | — | — | — | — | — | — | (0.62 | ) | ||||||||||||||||||||||||||||||||
Total distributions | (0.87 | ) | (1.03 | ) | (1.54 | ) | (2.09 | ) | (1.79 | ) | (0.93 | ) | (0.30 | ) | (1.64 | ) | (2.08 | ) | (2.60 | ) | (1.90 | ) | ||||||||||||||||||||||
Net asset value, end of period | $ | 64.41 | $ | 66.35 | $ | 63.14 | $ | 63.85 | $ | 57.26 | $ | 69.89 | $ | 33.19 | $ | 36.66 | $ | 40.34 | $ | 43.70 | $ | 43.89 | ||||||||||||||||||||||
Total return (5) | (1.59 | )% | 6.73 | % | 1.31 | % | 15.58 | % | (16.06 | )% | 20.25 | % | (8.67 | )% | (5.16 | )% | (2.80 | )% | 5.54 | % | (8.73 | )% | ||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 199,662 | $ | 285,285 | $ | 189,412 | $ | 166,023 | $ | 154,600 | $ | 216,661 | $ | 423,197 | $ | 491,217 | $ | 538,651 | $ | 301,515 | $ | 54,862 | ||||||||||||||||||||||
Ratio of expenses to average net assets | 0.59 | %(6) | 0.59 | % | 0.59 | % | 0.59 | % | 0.60 | % | 0.60 | % | 0.56 | %(6) | 0.59 | % | 0.60 | % | 0.61 | % | 0.62 | %(6) | ||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.80 | %(6) | 2.12 | % | 2.15 | % | 2.39 | % | 1.90 | % | 1.73 | % | 1.98 | %(6) | 4.50 | % | 5.71 | % | 6.80 | % | 7.46 | %(6) | ||||||||||||||||||||||
Portfolio turnover rate (7) | 4 | % | 9 | % | 21 | % | 11 | % | 4 | % | 15 | % | 38 | % | 67 | % | 85 | % | 134 | % | 42 | % |
* | 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 $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. |
See accompanying notes to financial statements.
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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 BRIC 40 ETF | SPDR S&P Emerging Europe ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 23.23 | $ | 23.34 | $ | 22.97 | $ | 20.92 | $ | 25.84 | $ | 23.03 | $ | 35.19 | $ | 40.26 | $ | 41.26 | $ | 37.16 | $ | 45.55 | $ | 39.42 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.05 | 0.54 | 0.57 | 0.54 | 0.60 | 0.43 | 0.11 | 1.07 | 1.02 | 0.95 | 1.02 | 0.46 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (0.37 | ) | (0.22 | ) | 0.49 | 2.09 | (5.00 | ) | 2.75 | (6.82 | ) | (5.43 | ) | (0.37 | ) | 4.22 | (8.73 | ) | 6.06 | |||||||||||||||||||||||||||||
Total from investment operations | (0.32 | ) | 0.32 | 1.06 | 2.63 | (4.40 | ) | 3.18 | (6.71 | ) | (4.36 | ) | 0.65 | 5.17 | (7.71 | ) | 6.52 | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other capital | — | — | — | 0.00 | (3) | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.45 | ) | (0.43 | ) | (0.69 | ) | (0.58 | ) | (0.52 | ) | (0.37 | ) | (0.82 | ) | (0.71 | ) | (1.65 | ) | (1.07 | ) | (0.68 | ) | (0.39 | ) | ||||||||||||||||||||||||
Total distributions | (0.45 | ) | (0.43 | ) | (0.69 | ) | (0.58 | ) | (0.52 | ) | (0.37 | ) | (0.82 | ) | (0.71 | ) | (1.65 | ) | (1.07 | ) | (0.68 | ) | (0.39 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 22.46 | $ | 23.23 | $ | 23.34 | $ | 22.97 | $ | 20.92 | $ | 25.84 | $ | 27.66 | $ | 35.19 | $ | 40.26 | $ | 41.26 | $ | 37.16 | $ | 45.55 | ||||||||||||||||||||||||
Total return (4) | (1.35 | )% | 1.35 | % | 4.95 | % | 12.82 | % | (17.49 | )% | 13.98 | % | (19.07 | )% | (11.01 | )% | 1.68 | % | 14.32 | % | (17.35 | )% | 16.74 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 110,037 | $ | 155,662 | $ | 247,441 | $ | 296,324 | $ | 374,453 | $ | 459,991 | $ | 49,789 | $ | 66,865 | $ | 76,485 | $ | 86,639 | $ | 118,917 | $ | 232,325 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(5) | 0.50 | % | 0.50 | % | 0.50 | % | 0.51 | % | 0.52 | % | 0.57 | %(5) | 0.59 | % | 0.59 | % | 0.60 | % | 0.61 | % | 0.61 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.46 | %(5) | 2.30 | % | 2.45 | % | 2.32 | % | 2.23 | % | 1.78 | % | 0.74 | %(5) | 2.77 | % | 2.48 | % | 2.41 | % | 2.04 | % | 1.07 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 9 | % | 7 | % | 9 | % | 13 | % | 10 | % | 10 | % | 1 | % | 15 | % | 6 | % | 6 | % | 10 | % | 21 | % |
(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) | State Street reimbursed the Fund $29,705 due to a record keeping error. The impact of the reimbursement is less than $0.005. | |
(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. |
See accompanying notes to financial statements.
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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 Latin America ETF | SPDR S&P Emerging Middle East & Africa ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 61.51 | $ | 64.16 | $ | 71.28 | $ | 64.12 | $ | 84.48 | $ | 69.92 | $ | 70.16 | $ | 67.53 | $ | 70.76 | $ | 62.01 | $ | 71.33 | $ | 58.74 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.54 | 1.58 | 1.65 | 1.76 | 1.93 | (2) | 1.57 | 1.08 | 1.47 | 1.52 | 2.13 | 1.87 | 1.33 | |||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | (13.91 | ) | (2.77 | ) | (7.23 | ) | 7.40 | (20.76 | ) | 14.73 | (0.69 | ) | 2.87 | (3.17 | ) | 9.44 | (9.65 | ) | 12.51 | |||||||||||||||||||||||||||||
Total from investment operations | (13.37 | ) | (1.19 | ) | (5.58 | ) | 9.16 | (18.83 | ) | 16.30 | 0.39 | 4.34 | (1.65 | ) | 11.57 | (7.78 | ) | 13.84 | ||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | �� | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.66 | ) | (1.46 | ) | (1.54 | ) | (2.00 | ) | (1.53 | ) | (1.74 | ) | (1.32 | ) | (1.71 | ) | (1.58 | ) | (2.82 | ) | (1.54 | ) | (1.25 | ) | ||||||||||||||||||||||||
Total distributions | (0.66 | ) | (1.46 | ) | (1.54 | ) | (2.00 | ) | (1.53 | ) | (1.74 | ) | (1.32 | ) | (1.71 | ) | (1.58 | ) | (2.82 | ) | (1.54 | ) | (1.25 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 47.48 | $ | 61.51 | $ | 64.16 | $ | 71.28 | $ | 64.12 | $ | 84.48 | $ | 69.23 | $ | 70.16 | $ | 67.53 | $ | 70.76 | $ | 62.01 | $ | 71.33 | ||||||||||||||||||||||||
Total return (4) | (21.83 | )% | (1.88 | )% | (7.86 | )% | 14.49 | % | (22.78 | )%(2) | 23.73 | % | 0.62 | % | 6.51 | % | (2.38 | )% | 19.26 | % | (11.32 | )% | 23.91 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 33,233 | $ | 49,208 | $ | 70,575 | $ | 114,055 | $ | 121,832 | $ | 211,194 | $ | 48,463 | $ | 63,141 | $ | 67,535 | $ | 91,986 | $ | 105,410 | $ | 142,664 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.57 | %(5) | 0.59 | % | 0.59 | % | 0.59 | % | 0.60 | % | 0.61 | % | 0.56 | %(5) | 0.59 | % | 0.59 | % | 0.59 | % | 0.60 | % | 0.60 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.99 | %(5) | 2.50 | % | 2.35 | % | 2.43 | % | 2.27 | %(2) | 2.05 | % | 3.10 | %(5) | 2.09 | % | 2.26 | % | 3.17 | % | 2.55 | % | 2.12 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 2 | % | 5 | % | 10 | % | 7 | % | 12 | % | 23 | % | 1 | % | 23 | % | 2 | % | 7 | % | 4 | % | 27 | % |
(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. |
See accompanying notes to financial statements.
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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 World ex-US ETF | SPDR S&P International Small Cap ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 28.46 | $ | 28.00 | $ | 23.91 | $ | 21.37 | $ | 24.19 | $ | 23.58 | $ | 32.76 | $ | 32.82 | $ | 27.49 | $ | 25.79 | $ | 27.92 | $ | 25.45 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.28 | 0.89 | 0.73 | 0.75 | 0.75 | 0.56 | 0.24 | 0.54 | 0.65 | 0.57 | 0.64 | 0.46 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (0.15 | ) | 0.40 | 4.04 | 2.38 | (2.89 | ) | 0.56 | (0.53 | ) | 0.36 | 5.37 | 2.08 | (2.14 | ) | 2.42 | ||||||||||||||||||||||||||||||||
Total from investment operations | 0.13 | 1.29 | 4.77 | 3.13 | (2.14 | ) | 1.12 | (0.29 | ) | 0.90 | 6.02 | 2.65 | (1.50 | ) | 2.88 | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | 0.00 | (3) | — | — | |||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.38 | ) | (0.83 | ) | (0.68 | ) | (0.59 | ) | (0.68 | ) | (0.51 | ) | (0.43 | ) | (0.96 | ) | (0.69 | ) | (0.75 | ) | (0.63 | ) | (0.41 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (3.13 | ) | — | — | (0.20 | ) | — | — | ||||||||||||||||||||||||||||||||||
Total distributions | (0.38 | ) | (0.83 | ) | (0.68 | ) | (0.59 | ) | (0.68 | ) | (0.51 | ) | (3.56 | ) | (0.96 | ) | (0.69 | ) | (0.95 | ) | (0.63 | ) | (0.41 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 28.21 | $ | 28.46 | $ | 28.00 | $ | 23.91 | $ | 21.37 | $ | 24.19 | $ | 28.91 | $ | 32.76 | $ | 32.82 | $ | 27.49 | $ | 25.79 | $ | 27.92 | ||||||||||||||||||||||||
Total return (4) | 0.52 | % | 4.52 | % | 20.27 | % | 14.99 | % | (9.32 | )% | 4.99 | % | (0.33 | )% | 2.69 | % | 22.25 | % | 10.74 | % | (5.72 | )% | 11.54 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 756,068 | $ | 825,443 | $ | 688,755 | $ | 411,282 | $ | 119,679 | $ | 106,453 | $ | 702,621 | $ | 792,719 | $ | 813,871 | $ | 679,080 | $ | 729,907 | $ | 622,564 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.34 | %(5) | 0.34 | % | 0.34 | % | 0.34 | % | 0.35 | % | 0.35 | % | 0.54 | %(5) | 0.60 | % | 0.59 | % | 0.59 | % | 0.61 | % | 0.60 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.04 | %(5) | 3.06 | % | 2.79 | % | 3.28 | % | 2.94 | % | 2.44 | % | 1.64 | %(5) | 1.59 | % | 2.20 | % | 2.16 | % | 2.12 | % | 1.81 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 1 | % | 17 | % | 2 | % | 8 | % | 2 | % | 7 | % | 2 | % | 51 | % | 21 | % | 2 | % | 22 | % | 17 | % |
(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) | State Street reimbursed the Fund $13,909 due to a record keeping error. The impact of the reimbursement is less than $0.005. | |
(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. |
See accompanying notes to financial statements.
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435
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR Dow Jones International Real Estate ETF | SPDR S&P Global Infrastructure ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 41.54 | $ | 42.00 | $ | 39.29 | $ | 32.70 | $ | 38.39 | $ | 35.53 | $ | 48.84 | $ | 43.51 | $ | 40.42 | $ | 38.94 | $ | 40.91 | $ | 41.94 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.44 | 1.39 | 1.29 | 1.41 | 1.57 | 1.34 | 0.58 | 1.68 | 1.99 | 1.60 | 1.71 | 1.47 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.80 | 0.16 | 4.01 | 5.67 | (3.82 | ) | 2.84 | (0.52 | ) | 5.20 | 2.71 | 1.53 | (2.03 | ) | (0.88 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 2.24 | 1.55 | 5.30 | 7.08 | (2.25 | ) | 4.18 | 0.06 | 6.88 | 4.70 | 3.13 | (0.32 | ) | 0.59 | ||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.01 | (0.06 | ) | 0.02 | 1.06 | 0.09 | (0.01 | ) | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.49 | ) | (1.95 | ) | (2.61 | ) | (1.55 | ) | (3.53 | ) | (1.31 | ) | (0.71 | ) | (1.55 | ) | (1.61 | ) | (1.65 | ) | (1.65 | ) | (1.62 | ) | ||||||||||||||||||||||||
Total distributions | (0.49 | ) | (1.95 | ) | (2.61 | ) | (1.55 | ) | (3.53 | ) | (1.31 | ) | (0.71 | ) | (1.55 | ) | (1.61 | ) | (1.65 | ) | (1.65 | ) | (1.62 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 43.30 | $ | 41.54 | $ | 42.00 | $ | 39.29 | $ | 32.70 | $ | 38.39 | $ | 48.19 | $ | 48.84 | $ | 43.51 | $ | 40.42 | $ | 38.94 | $ | 40.91 | ||||||||||||||||||||||||
Total return (3) | 5.49 | % | 3.57 | % | 13.83 | %(4) | 25.52 | % | (6.76 | )% | 12.15 | % | 0.10 | % | 15.95 | % | 11.99 | % | 8.20 | % | (1.04 | )% | 1.63 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 5,063,449 | $ | 4,903,056 | $ | 4,045,899 | $ | 3,136,658 | $ | 1,996,074 | $ | 1,314,261 | $ | 120,466 | $ | 112,333 | $ | 52,217 | $ | 36,378 | $ | 35,045 | $ | 53,186 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.60 | %(5) | 0.59 | % | 0.59 | % | 0.59 | % | 0.61 | % | 0.60 | % | 0.40 | %(5) | 0.41 | % | 0.50 | % | 0.59 | % | 0.60 | % | 0.61 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.07 | %(5) | 3.27 | % | 3.10 | % | 3.96 | % | 4.05 | % | 3.86 | % | 2.41 | %(5) | 3.51 | % | 4.79 | % | 4.02 | % | 4.07 | % | 3.63 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 2 | % | 8 | % | 11 | % | 11 | % | 10 | % | 7 | % | 7 | % | 14 | % | 74 | % | 10 | % | 6 | % | 6 | % |
(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) | If the Adviser had not made a contribution during the period ended September 30, 2013, the total return would have remained 13.83% for SPDR Dow Jones International Real Estate ETF. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
See accompanying notes to financial statements.
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437
SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR S&P Global Natural Resources ETF | SPDR MSCI ACWI ex-US ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | ||||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | ||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | 9/13/10*- | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 48.62 | $ | 48.54 | $ | 50.90 | $ | 45.94 | $ | 50.76 | $ | 50.00 | $ | 35.09 | $ | 34.29 | $ | 30.49 | $ | 27.55 | $ | 31.77 | $ | 30.38 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.52 | 1.33 | 1.30 | 1.14 | 1.23 | 0.03 | 0.35 | 1.17 | 0.90 | 0.89 | 0.95 | 0.73 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (5.83 | ) | (0.10 | ) | (2.41 | ) | 4.78 | (5.44 | ) | 0.73 | (0.38 | ) | 0.72 | 3.88 | 2.93 | (4.28 | ) | 1.35 | ||||||||||||||||||||||||||||||
Total from investment operations | (5.31 | ) | 1.23 | (1.11 | ) | 5.92 | (4.21 | ) | 0.76 | (0.03 | ) | 1.89 | 4.78 | 3.82 | (3.33 | ) | 2.08 | |||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.45 | ) | (1.15 | ) | (1.25 | ) | (0.96 | ) | (0.61 | ) | — | (0.40 | ) | (1.09 | ) | (0.98 | ) | (0.88 | ) | (0.89 | ) | (0.69 | ) | |||||||||||||||||||||||||
Total distributions | (0.45 | ) | (1.15 | ) | (1.25 | ) | (0.96 | ) | (0.61 | ) | — | (0.40 | ) | (1.09 | ) | (0.98 | ) | (0.88 | ) | (0.89 | ) | (0.69 | ) | |||||||||||||||||||||||||
Net asset value, end of period | $ | 42.86 | $ | 48.62 | $ | 48.54 | $ | 50.90 | $ | 45.94 | $ | 50.76 | $ | 34.66 | $ | 35.09 | $ | 34.29 | $ | 30.49 | $ | 27.55 | $ | 31.77 | ||||||||||||||||||||||||
Total return (3) | (10.94 | )% | 2.39 | % | (2.09 | )% | 13.07 | % | (8.56 | )% | 1.52 | % | (0.05 | )% | 5.43 | % | 15.96 | % | 14.20 | % | (10.99 | )% | 7.13 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 670,792 | $ | 595,617 | $ | 407,763 | $ | 414,852 | $ | 163,076 | $ | 7,615 | $ | 686,231 | $ | 575,494 | $ | 493,824 | $ | 384,218 | $ | 363,713 | $ | 393,909 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.40 | %(4) | 0.40 | % | 0.40 | % | 0.40 | % | 0.40 | % | 0.38 | %(4) | 0.35 | %(4) | 0.35 | % | 0.34 | % | 0.34 | % | 0.35 | % | 0.35 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.31 | %(4) | 2.63 | % | 2.63 | % | 2.28 | % | 2.13 | % | 1.10 | %(4) | 2.06 | %(4) | 3.25 | % | 2.76 | % | 3.03 | % | 2.85 | % | 2.43 | % | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 8 | % | 18 | % | 31 | % | 18 | % | 32 | % | 0 | %(6) | 4 | % | 3 | % | 2 | % | 8 | % | 4 | % | 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%. |
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR MSCI ACWI Low | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Carbon | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SPDR MSCI ACWI IMI ETF | Target ETF | SPDR MSCI EM 50 ETF | SPDR MSCI EM Beyond BRIC ETF | SPDR MSCI EAFE Quality Mix ETF | SPDR MSCI Emerging Markets Quality Mix ETF | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
For the | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Period | Six Months | For the | Six Months | For the | Six Months | For the | Six Months | For the | ||||||||||||||||||||||||||||||||||||||||||||||||||
Ended | Period | 11/26/14*- | Ended | Period | Ended | Period | Ended | Period | Ended | Period | ||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | 2/27/12*- | 3/31/15 | 3/31/15 | Year Ended | Year Ended | 2/27/12*- | 3/31/15 | 12/4/13*- | 3/31/15 | 6/4/14*- | 3/31/15 | 6/4/14*- | ||||||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | (Unaudited) | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | ||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 63.82 | $ | 58.20 | $ | 50.04 | $ | 50.00 | $ | 75.00 | $ | 48.10 | $ | 47.10 | $ | 47.31 | $ | 50.00 | $ | 62.14 | $ | 60.00 | $ | 57.28 | $ | 60.00 | $ | 59.59 | $ | 60.00 | ||||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.64 | 1.48 | 1.30 | 0.88 | 0.54 | 0.08 | 1.15 | 0.92 | 0.86 | 0.30 | 0.77 | 0.61 | 0.45 | 0.47 | 0.77 | |||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.64 | 5.39 | 8.16 | (0.30 | ) | (0.32 | ) | (0.51 | ) | 0.59 | 0.34 | (3.09 | ) | (3.66 | ) | 1.86 | 0.51 | (3.14 | ) | (2.07 | ) | (1.23 | ) | |||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.28 | 6.87 | 9.46 | 0.58 | 0.22 | (0.43 | ) | 1.74 | 1.26 | (2.23 | ) | (3.36 | ) | 2.63 | 1.12 | (2.69 | ) | (1.60 | ) | (0.46 | ) | |||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | 0.03 | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.35 | 0.06 | |||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.53 | ) | (1.21 | ) | (1.28 | ) | (0.54 | ) | (0.13 | ) | (1.02 | ) | (0.74 | ) | (1.47 | ) | (0.46 | ) | (0.83 | ) | (0.49 | ) | (0.60 | ) | (0.03 | ) | (0.86 | ) | (0.01 | ) | ||||||||||||||||||||||||||||||
Net realized gains | (0.00 | )(3) | (0.04 | ) | (0.02 | ) | — | — | — | — | — | — | — | — | (0.00 | )(3) | — | (0.00 | )(3) | — | ||||||||||||||||||||||||||||||||||||||||
Total distributions | (0.53 | ) | (1.25 | ) | (1.30 | ) | (0.54 | ) | (0.13 | ) | (1.02 | ) | (0.74 | ) | (1.47 | ) | (0.46 | ) | (0.83 | ) | (0.49 | ) | (0.60 | ) | (0.03 | ) | (0.86 | ) | (0.01 | ) | ||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 65.57 | $ | 63.82 | $ | 58.20 | $ | 50.04 | $ | 75.12 | $ | 46.65 | $ | 48.10 | $ | 47.10 | $ | 47.31 | $ | 57.95 | $ | 62.14 | $ | 57.80 | $ | 57.28 | $ | 57.48 | $ | 59.59 | ||||||||||||||||||||||||||||||
Total return (4) | 3.59 | % | 11.77 | % | 19.15 | % | 1.28 | % | 0.35 | % | (0.83 | )% | 3.67 | % | 2.74 | % | (4.37 | )% | (5.41 | )% | 4.38 | % | 2.01 | % | (4.48 | )% | (2.07 | )% | (0.65 | )% | ||||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 65,565 | $ | 57,434 | $ | 5,820 | $ | 5,004 | $ | 90,147 | $ | 2,332 | $ | 2,405 | $ | 2,355 | $ | 4,731 | $ | 2,897 | $ | 3,107 | $ | 5,780 | $ | 5,728 | $ | 74,727 | $ | 5,959 | ||||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.25 | %(5) | 0.25 | % | 0.25 | % | 0.25 | %(5) | 0.20 | %(5) | 0.50 | %(5) | 0.50 | % | 0.50 | % | 0.50 | %(5) | 0.53 | %(5) | 0.56 | %(5) | 0.30 | %(5) | 0.30 | %(5) | 0.30 | %(5) | 0.31 | %(5) | ||||||||||||||||||||||||||||||
Ratio of expenses to average net assets before waivers | 0.25 | %(5) | 0.25 | % | 0.25 | % | 0.25 | %(5) | 0.30 | %(5) | 0.50 | %(5) | 0.50 | % | 0.50 | % | 0.50 | %(5) | 0.53 | %(5) | 0.56 | %(5) | 0.30 | %(5) | 0.30 | %(5) | 0.30 | %(5) | 0.31 | %(5) | ||||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.00 | %(5) | 2.31 | % | 2.40 | % | 3.08 | %(5) | 2.10 | %(5) | 0.33 | %(5) | 2.39 | % | 1.97 | % | 3.16 | %(5) | 1.02 | %(5) | 1.52 | %(5) | 2.17 | %(5) | 2.35 | %(5) | 1.63 | %(5) | 3.85 | %(5) | ||||||||||||||||||||||||||||||
Portfolio turnover rate (6) | 2 | % | 0 | %(7) | 0 | %(7) | 0 | %(7) | 1 | % | 5 | % | 17 | % | 7 | % | 4 | % | 4 | % | 50 | % | 4 | % | 0 | %(7) | 1 | % | 0 | %(7) |
* | Commencement of operations. | |
(1) | Per share numbers have been calculated using average shares outstanding, which more appropriately presents the per share data for the period. | |
(2) | Amounts shown in this caption for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period because of the timing of sales and repurchases of Fund shares in relation to fluctuating market values for the Fund. | |
(3) | Amount is less than $0.005 per share. | |
(4) | Total return is calculated assuming a purchase of shares at net asset value on the first day and a sale at net asset value on the last day of each period reported. Distributions are assumed, for the purpose of this calculation, to be reinvested at net asset value per share on the respective payment dates of each Fund. Total return for periods of less than one year is not annualized. Broker commission charges are not included in this calculation. | |
(5) | Annualized | |
(6) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(7) | Amount shown represents less than 0.5%. |
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR MSCI World Quality Mix ETF | SPDR MSCI Australia Quality Mix ETF | SPDR MSCI Canada Quality Mix ETF | SPDR MSCI Germany Quality Mix ETF | SPDR MSCI Japan Quality Mix ETF | SPDR MSCI Mexico Quality Mix ETF | SPDR MSCI South Korea Quality Mix ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | For the | Six Months | For the | Six Months | For the | Six Months | For the | Six Months | For the | |||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | Period | Ended | Period | Ended | Period | Ended | Period | Ended | Period | |||||||||||||||||||||||||||||||||||||||||||
3/31/15 | 6/4/14*- | 3/31/15 | 6/11/14*- | 3/31/15 | 6/11/14*- | 3/31/15 | 6/11/14*- | 3/31/15 | 6/11/14*- | 3/31/15 | 9/16/14*- | 3/31/15 | 9/16/14*- | |||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | |||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 59.95 | $ | 60.00 | $ | 55.90 | $ | 60.00 | $ | 59.82 | $ | 60.00 | $ | 53.58 | $ | 60.00 | $ | 60.46 | $ | 60.00 | $ | 28.83 | $ | 30.00 | $ | 28.54 | $ | 30.00 | ||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.61 | 0.37 | 1.23 | 1.10 | 0.60 | 0.39 | 0.07 | 0.02 | (2) | 0.48 | 0.41 | 0.08 | 0.00 | (3) | 0.25 | 0.00 | (3) | |||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (4) | 2.45 | (0.38 | ) | (2.03 | ) | (5.20 | ) | (5.08 | ) | (0.55 | ) | 3.91 | (6.44 | ) | 4.87 | 0.05 | (3.96 | ) | (1.17 | ) | (1.45 | ) | (1.46 | ) | ||||||||||||||||||||||||||||||||
Total from investment operations | 3.06 | (0.01 | ) | (0.80 | ) | (4.10 | ) | (4.48 | ) | (0.16 | ) | 3.98 | (6.42 | ) | 5.35 | 0.46 | (3.88 | ) | (1.17 | ) | (1.20 | ) | (1.46 | ) | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | (0.17 | ) | — | — | — | (0.06 | ) | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.58 | ) | (0.04 | ) | (1.48 | ) | — | (1.10 | ) | (0.02 | ) | (0.05 | ) | (0.00 | )(3) | (0.49 | ) | — | (0.11 | ) | — | (0.38 | ) | — | ||||||||||||||||||||||||||||||||
Net realized gains | (0.00 | )(3) | — | (0.00 | )(3) | — | — | — | — | — | (0.01 | ) | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Total distributions | (0.58 | ) | (0.04 | ) | (1.48 | ) | — | (1.10 | ) | (0.02 | ) | (0.05 | ) | — | (0.50 | ) | — | (0.11 | ) | — | (0.38 | ) | — | |||||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 62.43 | $ | 59.95 | $ | 53.45 | $ | 55.90 | $ | 54.24 | $ | 59.82 | $ | 57.45 | $ | 53.58 | $ | 65.31 | $ | 60.46 | $ | 24.84 | $ | 28.83 | $ | 26.96 | $ | 28.54 | ||||||||||||||||||||||||||||
Total return (5) | 2.56 | % | (0.02 | )% | (1.69 | )% | (6.84 | )% | (7.58 | )% | (0.26 | )% | 7.33 | % | (10.70 | )%(2) | 8.95 | % | 0.76 | % | (13.42 | )% | (3.90 | )% | (4.17 | )% | (4.85 | )% | ||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 6,243 | $ | 5,995 | $ | 2,672 | $ | 5,590 | $ | 2,712 | $ | 2,991 | $ | 8,618 | $ | 5,358 | $ | 6,531 | $ | 6,046 | $ | 2,484 | $ | 2,883 | $ | 2,696 | $ | 2,854 | ||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.30 | %(6) | 0.30 | %(6) | 0.30 | %(6) | 0.30 | %(6) | 0.30 | %(6) | 0.30 | %(6) | 0.30 | %(6) | 0.30 | %(6) | 0.30 | %(6) | 0.30 | %(6) | 0.40 | %(6) | 0.40 | %(6) | 0.40 | %(6) | 0.40 | %(6) | ||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.00 | %(6) | 1.90 | %(6) | 4.54 | %(6) | 5.99 | %(6) | 2.11 | %(6) | 2.06 | %(6) | 0.26 | %(6) | 0.11 | %(2) (6) | 1.60 | %(6) | 2.21 | %(6) | 0.59 | %(6) | 0.37 | %(6) | 1.90 | %(6) | (0.40 | )%(6) | ||||||||||||||||||||||||||||
Portfolio turnover rate (7) | 5 | % | 0 | %(8) | 7 | % | 1 | % | 11 | % | 2 | % | 5 | % | 1 | % | 11 | % | 0 | % | 5 | % | 0 | % | 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 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 $0.02 per share and 0.04% of average net assets. If the special dividends were not received during the year ended September 30, 2014, the total return would have been (10.73)%. | |
(3) | Amount is less than $0.005 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%. |
See accompanying notes to financial statements.
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SPDR INDEX SHARES FUNDS
FINANCIAL HIGHLIGHTS (continued)
FINANCIAL HIGHLIGHTS (continued)
Selected data for a share outstanding throughout each period
SPDR MSCI Spain Quality Mix ETF | SPDR MSCI Taiwan Quality Mix ETF | SPDR MSCI United Kingdom Quality Mix ETF | SPDR Russell/Nomura PRIME Japan ETF | |||||||||||||||||||||||||||||||||||||||||||||
Six Months | For the | Six Months | For the | Six Months | For the | Six Months | ||||||||||||||||||||||||||||||||||||||||||
Ended | Period | Ended | Period | Ended | Period | Ended | ||||||||||||||||||||||||||||||||||||||||||
3/31/15 | 6/11/14*- | 3/31/15 | 9/16/14*- | 3/31/15 | 6/11/14*- | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 55.05 | $ | 60.00 | $ | 57.83 | $ | 60.00 | $ | 57.08 | $ | 60.00 | $ | 45.20 | $ | 45.33 | $ | 35.57 | $ | 37.12 | $ | 37.80 | $ | 38.41 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.95 | 0.67 | (2) | (0.12 | ) | (0.01 | ) | 0.85 | 0.62 | (3) | 0.26 | 0.47 | 0.92 | 0.66 | 0.85 | 0.50 | ||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (4) | (4.13 | ) | (5.56 | ) | 3.21 | (2.16 | ) | (2.32 | ) | (3.53 | ) | 2.97 | (0.01 | ) | 9.34 | (1.55 | ) | (0.56 | ) | (0.58 | ) | |||||||||||||||||||||||||||
Total from investment operations | (3.18 | ) | (4.89 | ) | 3.09 | (2.17 | ) | (1.47 | ) | (2.91 | ) | 3.23 | 0.46 | 10.26 | (0.89 | ) | 0.29 | (0.08 | ) | |||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.14 | ) | — | — | — | (0.23 | ) | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (1.29 | ) | (0.06 | ) | (0.09 | ) | — | (0.95 | ) | (0.01 | ) | (1.33 | ) | (0.59 | ) | (0.50 | ) | (0.66 | ) | (0.97 | ) | (0.53 | ) | |||||||||||||||||||||||||
Total distributions | (1.29 | ) | (0.06 | ) | (0.09 | ) | — | (0.95 | ) | (0.01 | ) | (1.33 | ) | (0.59 | ) | (0.50 | ) | (0.66 | ) | (0.97 | ) | (0.53 | ) | |||||||||||||||||||||||||
Net asset value, end of period | $ | 50.44 | $ | 55.05 | $ | 60.83 | $ | 57.83 | $ | 54.43 | $ | 57.08 | $ | 47.10 | $ | 45.20 | $ | 45.33 | $ | 35.57 | $ | 37.12 | $ | 37.80 | ||||||||||||||||||||||||
Total return (5) | (6.03 | )% | (8.16 | )%(2) | 5.34 | % | (3.61 | )% | (2.96 | )% | (4.86 | )%(3) | 7.47 | % | 1.01 | % | 29.11 | % | (2.33 | )% | 0.56 | % | (0.14 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 2,522 | $ | 8,258 | $ | 6,083 | $ | 5,783 | $ | 2,721 | $ | 5,708 | $ | 18,840 | $ | 27,122 | $ | 126,911 | $ | 14,227 | $ | 14,846 | $ | 15,119 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.30 | %(6) | 0.30 | %(6) | 0.40 | %(6) | 0.40 | %(6) | 0.30 | %(6) | 0.30 | %(6) | 0.45 | %(6) | 0.50 | % | 0.50 | % | 0.50 | % | 0.51 | % | 0.51 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 3.72 | %(6) | 3.83 | %(2) (6) | (0.42 | )%(6) | (0.37 | )%(6) | 3.07 | %(6) | 3.40 | %(3) (6) | 1.16 | %(6) | 1.06 | % | 2.18 | % | 1.83 | % | 2.16 | % | 1.34 | % | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 6 | % | 1 | % | 9 | % | 0 | % | 10 | % | 0 | %(8) | 1 | % | 4 | % | 0 | %(8) | 1 | % | 3 | % | 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) | Net investment income per share and 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 0.14% of average net assets. If the special dividends were not received during the year ended September 30, 2014, the total return would have been (8.28)%. | |
(3) | Net investment income per share and 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 $0.10 per share and 0.18% of average net assets. If the special dividends were not received during the year ended September 30, 2014, the total return would have been (5.02)%. | |
(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%. |
See accompanying notes to financial statements.
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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 Global Dividend ETF | SPDR S&P International Dividend ETF | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | For the | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | Period | Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | 5/29/13*- | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | ||||||||||||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 50.17 | $ | 51.37 | $ | 41.65 | $ | 43.79 | $ | 39.65 | $ | 40.51 | $ | 64.89 | $ | 63.33 | $ | 60.00 | $ | 46.33 | $ | 46.60 | $ | 45.27 | $ | 45.07 | $ | 53.88 | $ | 52.49 | ||||||||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.34 | 0.53 | 0.61 | 0.64 | 0.69 | 0.53 | 1.01 | 2.99 | 0.75 | 0.70 | 2.41 | 3.27 | 3.29 | 3.48 | 2.32 | |||||||||||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.98 | (0.36 | ) | 9.79 | (2.00 | ) | 4.12 | (0.73 | ) | 1.21 | 1.32 | 3.20 | (4.23 | ) | (0.29 | ) | 1.20 | (0.22 | ) | (9.35 | ) | 1.26 | ||||||||||||||||||||||||||||||||||||||
Total from investment operations | 2.32 | 0.17 | 10.40 | (1.36 | ) | 4.81 | (0.20 | ) | 2.22 | 4.31 | 3.95 | (3.53 | ) | 2.12 | 4.47 | 3.07 | (5.87 | ) | 3.58 | |||||||||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | — | — | 0.11 | 0.06 | 0.01 | 0.01 | 0.03 | (0.00 | )(3) | 0.14 | 0.37 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.15 | ) | (1.37 | ) | (0.68 | ) | (0.78 | ) | (0.67 | ) | (0.66 | ) | (0.90 | ) | (2.81 | ) | (0.63 | ) | (0.86 | ) | (2.42 | ) | (3.14 | ) | (3.01 | ) | (3.31 | ) | (2.25 | ) | ||||||||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (0.50 | ) | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||||||||||
Total distributions | (0.15 | ) | (1.37 | ) | (0.68 | ) | (0.78 | ) | (0.67 | ) | (0.66 | ) | (1.40 | ) | (2.81 | ) | (0.63 | ) | (0.86 | ) | (2.42 | ) | (3.14 | ) | (3.01 | ) | (3.31 | ) | (2.25 | ) | ||||||||||||||||||||||||||||||
Net asset value, end of period | $ | 52.34 | $ | 50.17 | $ | 51.37 | $ | 41.65 | $ | 43.79 | $ | 39.65 | $ | 65.82 | $ | 64.89 | $ | 63.33 | $ | 41.95 | $ | 46.33 | $ | 46.60 | $ | 45.27 | $ | 45.07 | $ | 53.88 | ||||||||||||||||||||||||||||||
Total return (4) | 4.64 | % | 0.31 | % | 25.23 | % | (3.05 | )% | 12.17 | % | (0.41 | )% | 3.65 | % | 6.85 | % | 6.61 | % | (7.60 | )% | 4.43 | % | 10.24 | % | 7.45 | % | (11.06 | )% | 7.34 | % | ||||||||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 62,811 | $ | 72,751 | $ | 97,606 | $ | 64,563 | $ | 98,537 | $ | 67,412 | $ | 52,660 | $ | 29,200 | $ | 9,499 | $ | 1,338,357 | $ | 1,450,114 | $ | 1,304,826 | $ | 1,000,522 | $ | 482,266 | $ | 258,705 | ||||||||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.51 | %(5) | 0.55 | % | 0.55 | % | 0.55 | % | 0.56 | % | 0.56 | % | 0.41 | %(5) | 0.40 | % | 0.40 | %(5) | 0.46 | %(5) | 0.46 | % | 0.45 | % | 0.45 | % | 0.46 | % | 0.46 | % | ||||||||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.39 | %(5) | 1.05 | % | 1.34 | % | 1.54 | % | 1.63 | % | 1.37 | % | 3.07 | %(5) | 4.46 | % | 3.61 | %(5) | 3.22 | %(5) | 4.96 | % | 6.97 | % | 7.11 | % | 6.24 | % | 4.48 | % | ||||||||||||||||||||||||||||||
Portfolio turnover rate (6) | 18 | % | 28 | % | 13 | % | 22 | % | 10 | % | 24 | % | 36 | % | 37 | % | 10 | % | 33 | % | 62 | % | 121 | % | 127 | % | 142 | % | 131 | % |
* | 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. |
See accompanying notes to financial statements.
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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 | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 32.02 | $ | 33.14 | $ | 27.69 | $ | 26.04 | $ | 28.76 | $ | 27.14 | $ | 48.31 | $ | 46.15 | $ | 44.43 | $ | 40.57 | $ | 54.62 | $ | 43.78 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.20 | 0.66 | 0.67 | 0.68 | 0.76 | 0.55 | 0.00 | (2) | 1.01 | 0.95 | 0.96 | 0.99 | 1.06 | |||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (3) | 0.66 | 0.88 | 5.60 | 2.57 | (2.31 | ) | 2.31 | (2.51 | ) | 2.11 | 1.81 | 5.15 | (13.25 | ) | 10.65 | |||||||||||||||||||||||||||||||||
Total from investment operations | 0.86 | 1.54 | 6.27 | 3.25 | (1.55 | ) | 2.86 | (2.51 | ) | 3.12 | 2.76 | 6.11 | (12.26 | ) | 11.71 | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | 0.05 | 0.03 | 0.04 | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.42 | ) | (0.75 | ) | (0.75 | ) | (0.84 | ) | (0.70 | ) | (0.50 | ) | (0.91 | ) | (1.01 | ) | (1.07 | ) | (0.92 | ) | (0.34 | ) | (0.19 | ) | ||||||||||||||||||||||||
Net realized gains | (1.94 | ) | (1.91 | ) | (0.07 | ) | (0.76 | ) | (0.47 | ) | (0.74 | ) | — | — | — | (1.37 | ) | (1.45 | ) | (0.68 | ) | |||||||||||||||||||||||||||
Total distributions | (2.36 | ) | (2.66 | ) | (0.82 | ) | (1.60 | ) | (1.17 | ) | (1.24 | ) | (0.91 | ) | (1.01 | ) | (1.07 | ) | (2.29 | ) | (1.79 | ) | (0.87 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 30.52 | $ | 32.02 | $ | 33.14 | $ | 27.69 | $ | 26.04 | $ | 28.76 | $ | 44.89 | $ | 48.31 | $ | 46.15 | $ | 44.43 | $ | 40.57 | $ | 54.62 | ||||||||||||||||||||||||
Total return (4) | 3.23 | % | 4.63 | % | 23.07 | % | 13.27 | % | (6.00 | )% | 11.11 | % | (5.16 | )% | 6.90 | % | 6.29 | %(5) | 16.09 | % | (23.36 | )% | 27.05 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 50,364 | $ | 70,446 | $ | 46,399 | $ | 35,993 | $ | 36,461 | $ | 30,196 | $ | 462,327 | $ | 570,082 | $ | 761,466 | $ | 897,446 | $ | 908,812 | $ | 797,411 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.45 | %(6) | 0.46 | % | 0.45 | % | 0.45 | % | 0.46 | % | 0.46 | % | 0.65 | %(6) | 0.65 | % | 0.65 | % | 0.66 | % | 0.66 | % | 0.66 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.36 | %(6) | 1.98 | % | 2.23 | % | 2.56 | % | 2.49 | % | 2.07 | % | 0.80 | %(6) | 2.10 | % | 2.05 | % | 2.27 | % | 1.85 | % | 2.19 | % | ||||||||||||||||||||||||
Portfolio turnover rate (7) | 8 | % | 41 | % | 53 | % | 28 | % | 32 | % | 31 | % | 1 | % | 23 | % | 18 | % | 22 | % | 70 | % | 85 | % |
(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) | If the Adviser had not made a contribution during the period ended September 30, 2013, the total return would have remained 6.29% for SPDR S&P Emerging Markets Small Cap ETF. | |
(6) | Annualized | |
(7) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. |
See accompanying notes to financial statements.
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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 | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 44.24 | $ | 42.16 | $ | 40.56 | $ | 32.58 | $ | 36.00 | $ | 31.18 | $ | 36.81 | $ | 37.95 | $ | 27.65 | $ | 25.05 | $ | 26.90 | $ | 24.12 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.69 | 1.23 | 1.16 | 1.12 | 1.16 | 1.11 | 0.30 | 0.72 | 0.68 | 0.52 | 0.47 | 0.41 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 5.28 | 2.24 | 2.21 | 7.52 | (2.00 | ) | 4.88 | 3.18 | (1.00 | ) | 10.26 | 3.11 | (1.79 | ) | 2.69 | |||||||||||||||||||||||||||||||||
Total from investment operations | 5.97 | 3.47 | 3.37 | 8.64 | (0.84 | ) | 5.99 | 3.48 | (0.28 | ) | 10.94 | 3.63 | (1.32 | ) | 3.10 | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.02 | 0.07 | 0.10 | 0.58 | 0.08 | 0.02 | (0.04 | ) | (0.01 | ) | (0.02 | ) | (0.13 | ) | (0.03 | ) | 0.02 | |||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.62 | ) | (1.46 | ) | (1.87 | ) | (1.24 | ) | (2.66 | ) | (1.19 | ) | (0.29 | ) | (0.85 | ) | (0.62 | ) | (0.51 | ) | (0.50 | ) | (0.34 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | — | — | — | (0.39 | ) | — | — | |||||||||||||||||||||||||||||||||||
Total distributions | (0.62 | ) | (1.46 | ) | (1.87 | ) | (1.24 | ) | (2.66 | ) | (1.19 | ) | (0.29 | ) | (0.85 | ) | (0.62 | ) | (0.90 | ) | (0.50 | ) | (0.34 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 49.61 | $ | 44.24 | $ | 42.16 | $ | 40.56 | $ | 32.58 | $ | 36.00 | $ | 39.96 | $ | 36.81 | $ | 37.95 | $ | 27.65 | $ | 25.05 | $ | 26.90 | ||||||||||||||||||||||||
Total return (3) | 13.58 | % | 8.44 | % | 8.61 | % | 28.56 | % | (2.80 | )% | 19.71 | % | 9.39 | % | (0.91 | )% | 39.94 | % | 14.40 | % | (5.33 | )% | 13.12 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 2,088,449 | $ | 1,473,132 | $ | 1,003,377 | $ | 543,476 | $ | 273,706 | $ | 140,388 | $ | 13,985 | $ | 18,405 | $ | 18,976 | $ | 5,529 | $ | 11,271 | $ | 18,833 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.50 | %(4) | 0.50 | % | 0.50 | % | 0.50 | % | 0.50 | % | 0.51 | % | 0.48 | %(4) | 0.50 | % | 0.50 | % | 0.51 | % | 0.50 | % | 0.51 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.86 | %(4) | 2.77 | % | 2.71 | % | 2.96 | % | 3.08 | % | 3.42 | % | 1.61 | %(4) | 1.84 | % | 2.04 | % | 1.96 | % | 1.61 | % | 1.67 | % | ||||||||||||||||||||||||
Portfolio turnover rate (5) | 2 | % | 7 | % | 8 | % | 8 | % | 9 | % | 7 | % | 3 | % | 2 | % | 2 | % | 5 | % | 9 | % | 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) | 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. |
See accompanying notes to financial statements.
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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 Consumer Staples Sector ETF | SPDR S&P International Energy Sector ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 38.96 | $ | 38.89 | $ | 34.52 | $ | 29.60 | $ | 29.80 | $ | 26.31 | $ | 25.75 | $ | 25.07 | $ | 25.31 | $ | 22.46 | $ | 24.52 | $ | 25.48 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.26 | 0.96 | 0.92 | 0.82 | 0.88 | 0.69 | 0.35 | 0.89 | 0.81 | 0.79 | 0.70 | 0.65 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 1.30 | 0.04 | 4.25 | 4.90 | (0.37 | ) | 3.39 | (6.53 | ) | 0.60 | (0.28 | ) | 2.89 | (2.10 | ) | (1.01 | ) | |||||||||||||||||||||||||||||||
Total from investment operations | 1.56 | 1.00 | 5.17 | 5.72 | 0.51 | 4.08 | (6.18 | ) | 1.49 | 0.53 | 3.68 | (1.40 | ) | (0.36 | ) | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.00 | (3) | 0.04 | 0.04 | (0.00 | )(3) | 0.15 | 0.04 | 0.00 | (3) | 0.05 | 0.03 | (0.02 | ) | 0.00 | (3) | 0.04 | |||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.27 | ) | (0.97 | ) | (0.84 | ) | (0.80 | ) | (0.86 | ) | (0.63 | ) | (0.36 | ) | (0.86 | ) | (0.80 | ) | (0.81 | ) | (0.66 | ) | (0.64 | ) | ||||||||||||||||||||||||
Total distributions | (0.27 | ) | (0.97 | ) | (0.84 | ) | (0.80 | ) | (0.86 | ) | (0.63 | ) | (0.36 | ) | (0.86 | ) | (0.80 | ) | (0.81 | ) | (0.66 | ) | (0.64 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 40.25 | $ | 38.96 | $ | 38.89 | $ | 34.52 | $ | 29.60 | $ | 29.80 | $ | 19.21 | $ | 25.75 | $ | 25.07 | $ | 25.31 | $ | 22.46 | $ | 24.52 | ||||||||||||||||||||||||
Total return (4) | 4.02 | % | 2.61 | % | 15.20 | % | 19.51 | % | 2.08 | % | 15.87 | % | (24.05 | )% | 6.04 | % | 2.35 | % | 16.44 | % | (6.14 | )% | (1.18 | )% | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 34,209 | $ | 42,853 | $ | 36,941 | $ | 18,986 | $ | 19,239 | $ | 14,900 | $ | 24,010 | $ | 19,312 | $ | 12,535 | $ | 11,389 | $ | 12,355 | $ | 12,259 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.48 | %(5) | 0.50 | % | 0.50 | % | 0.50 | % | 0.51 | % | 0.51 | % | 0.46 | %(5) | 0.50 | % | 0.50 | % | 0.50 | % | 0.51 | % | 0.51 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.34 | %(5) | 2.40 | % | 2.47 | % | 2.53 | % | 2.81 | % | 2.50 | % | 3.34 | %(5) | 3.30 | % | 3.30 | % | 3.16 | % | 2.55 | % | 2.63 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 1 | % | 5 | % | 4 | % | 7 | % | 2 | % | 5 | % | 2 | % | 9 | % | 2 | % | 6 | % | 4 | % | 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) | 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. |
See accompanying notes to financial statements.
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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 Financial Sector ETF | SPDR S&P International Health Care Sector ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 21.85 | $ | 21.76 | $ | 17.67 | $ | 15.47 | $ | 19.60 | $ | 21.39 | $ | 48.98 | $ | 41.71 | $ | 35.15 | $ | 29.55 | $ | 29.46 | $ | 28.50 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.26 | 0.72 | 0.70 | 0.64 | 0.69 | 0.55 | 0.41 | 0.81 | 0.77 | 0.86 | 0.74 | 0.64 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | (0.34 | ) | 0.39 | 4.27 | 2.15 | (4.09 | ) | (1.83 | ) | 2.65 | 7.30 | 6.53 | 5.57 | 0.04 | 0.96 | |||||||||||||||||||||||||||||||||
Total from investment operations | (0.08 | ) | 1.11 | 4.97 | 2.79 | (3.40 | ) | (1.28 | ) | 3.06 | 8.11 | 7.30 | 6.43 | 0.78 | 1.60 | |||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.03 | (0.18 | ) | (0.11 | ) | (0.07 | ) | (0.01 | ) | 0.04 | 0.02 | 0.02 | 0.07 | (0.01 | ) | 0.05 | (0.01 | ) | ||||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.48 | ) | (0.84 | ) | (0.77 | ) | (0.52 | ) | (0.72 | ) | (0.55 | ) | (0.40 | ) | (0.86 | ) | (0.81 | ) | (0.82 | ) | (0.74 | ) | (0.63 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | — | — | — | (0.00 | )(3) | — | — | — | — | — | |||||||||||||||||||||||||||||||||||
Total distributions | (0.48 | ) | (0.84 | ) | (0.77 | ) | (0.52 | ) | (0.72 | ) | (0.55 | ) | (0.40 | ) | (0.86 | ) | (0.81 | ) | (0.82 | ) | (0.74 | ) | (0.63 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 21.32 | $ | 21.85 | $ | 21.76 | $ | 17.67 | $ | 15.47 | $ | 19.60 | $ | 51.66 | $ | 48.98 | $ | 41.71 | $ | 35.15 | $ | 29.55 | $ | 29.46 | ||||||||||||||||||||||||
Total return (4) | (0.14 | )% | 4.23 | % | 27.98 | % | 18.02 | % | (17.99 | )% | (5.60 | )% | 6.30 | % | 19.57 | % | 21.14 | % | 22.03 | % | 2.69 | % | 5.71 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 10,662 | $ | 10,924 | $ | 6,528 | $ | 3,534 | $ | 7,735 | $ | 8,821 | $ | 74,902 | $ | 66,125 | $ | 60,479 | $ | 28,123 | $ | 19,207 | $ | 10,310 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.48 | %(5) | 0.51 | % | 0.50 | % | 0.50 | % | 0.51 | % | 0.51 | % | 0.47 | %(5) | 0.50 | % | 0.50 | % | 0.50 | % | 0.50 | % | 0.51 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 2.47 | %(5) | 3.19 | % | 3.50 | % | 3.94 | % | 3.47 | % | 2.85 | % | 1.69 | %(5) | 1.76 | % | 1.98 | % | 2.70 | % | 2.37 | % | 2.25 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 2 | % | 20 | % | 2 | % | 6 | % | 4 | % | 6 | % | 7 | % | 13 | % | 8 | % | 14 | % | 5 | % | 29 | % |
(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. |
See accompanying notes to financial statements.
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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 Industrial Sector ETF | SPDR S&P International Materials Sector ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 30.40 | $ | 30.53 | $ | 24.67 | $ | 22.46 | $ | 25.65 | $ | 23.26 | $ | 21.72 | $ | 23.33 | $ | 23.68 | $ | 22.83 | $ | 26.34 | $ | 23.05 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.21 | 0.68 | 0.63 | 0.55 | 0.62 | 0.41 | 0.14 | 0.46 | 0.44 | 0.42 | 0.42 | 0.32 | ||||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (2) | 0.01 | (0.07 | ) | 6.18 | 2.32 | (3.23 | ) | 2.27 | (0.80 | ) | (1.40 | ) | (0.31 | ) | 0.87 | (3.51 | ) | 3.25 | ||||||||||||||||||||||||||||||
Total from investment operations | 0.22 | 0.61 | 6.81 | 2.87 | (2.61 | ) | 2.68 | (0.66 | ) | (0.94 | ) | 0.13 | 1.29 | (3.09 | ) | 3.57 | ||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | 0.01 | (0.07 | ) | (0.21 | ) | (0.10 | ) | (0.01 | ) | 0.06 | 0.00 | (3) | (0.00 | )(3) | (0.01 | ) | 0.01 | (0.03 | ) | (0.02 | ) | |||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.31 | ) | (0.67 | ) | (0.74 | ) | (0.56 | ) | (0.57 | ) | (0.35 | ) | (0.14 | ) | (0.67 | ) | (0.47 | ) | (0.45 | ) | (0.39 | ) | (0.26 | ) | ||||||||||||||||||||||||
Total distributions | (0.31 | ) | (0.67 | ) | (0.74 | ) | (0.56 | ) | (0.57 | ) | (0.35 | ) | (0.14 | ) | (0.67 | ) | (0.47 | ) | (0.45 | ) | (0.39 | ) | (0.26 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 30.32 | $ | 30.40 | $ | 30.53 | $ | 24.67 | $ | 22.46 | $ | 25.65 | $ | 20.92 | $ | 21.72 | $ | 23.33 | $ | 23.68 | $ | 22.83 | $ | 26.34 | ||||||||||||||||||||||||
Total return (4) | 0.79 | % | 1.67 | % | 27.19 | % | 12.53 | % | (10.62 | )% | 11.94 | % | (3.05 | )% | (4.19 | )% | 0.43 | % | 5.79 | % | (12.12 | )% | 15.53 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 19,708 | $ | 24,324 | $ | 13,740 | $ | 8,635 | $ | 20,211 | $ | 17,955 | $ | 6,276 | $ | 7,603 | $ | 9,333 | $ | 11,842 | $ | 19,403 | $ | 22,387 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.49 | %(5) | 0.51 | % | 0.50 | % | 0.50 | % | 0.50 | % | 0.52 | % | 0.49 | %(5) | 0.52 | % | 0.50 | % | 0.50 | % | 0.51 | % | 0.52 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 1.41 | %(5) | 2.17 | % | 2.29 | % | 2.27 | % | 2.22 | % | 1.74 | % | 1.33 | %(5) | 1.95 | % | 1.90 | % | 1.77 | % | 1.42 | % | 1.31 | % | ||||||||||||||||||||||||
Portfolio turnover rate (6) | 6 | % | 4 | % | 7 | % | 11 | % | 0 | %(7) | 20 | % | 1 | % | 15 | % | 8 | % | 0 | %(7) | 1 | % | 9 | % |
(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%. |
See accompanying notes to financial statements.
456
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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 Technology Sector ETF | SPDR S&P International Telecommunications Sector ETF | |||||||||||||||||||||||||||||||||||||||||||||||
Six Months | Six Months | |||||||||||||||||||||||||||||||||||||||||||||||
Ended | Ended | |||||||||||||||||||||||||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | 3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | (Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 31.48 | $ | 30.02 | $ | 24.18 | $ | 22.00 | $ | 24.76 | $ | 24.58 | $ | 25.63 | $ | 26.89 | $ | 22.82 | $ | 22.65 | $ | 24.30 | $ | 23.58 | ||||||||||||||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income (loss) (1) | 0.08 | 0.32 | 0.31 | 0.29 | 0.34 | 0.29 | 0.23 | 3.19 | (2) | 0.98 | 1.45 | 1.22 | (3) | 1.05 | ||||||||||||||||||||||||||||||||||
Net realized and unrealized gain (loss) (4) | 2.21 | 1.62 | 5.89 | 2.37 | (2.68 | ) | 0.14 | 0.14 | (1.01 | ) | 4.01 | 0.10 | (1.54 | ) | 0.69 | |||||||||||||||||||||||||||||||||
Total from investment operations | 2.29 | 1.94 | 6.20 | 2.66 | (2.34 | ) | 0.43 | 0.37 | 2.18 | 4.99 | 1.55 | (0.32 | ) | 1.74 | ||||||||||||||||||||||||||||||||||
Net equalization credits and charges (1) | (0.00 | )(5) | (0.00 | )(5) | (0.06 | ) | (0.03 | ) | 0.00 | (5) | 0.01 | 0.00 | (5) | (0.10 | ) | 0.01 | (0.01 | ) | 0.01 | 0.02 | ||||||||||||||||||||||||||||
Other capital | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||||||||||||||||||||||||||
Net investment income | (0.21 | ) | (0.48 | ) | (0.30 | ) | (0.31 | ) | (0.33 | ) | (0.25 | ) | (0.28 | ) | (3.34 | ) | (0.93 | ) | (1.37 | ) | (1.34 | ) | (1.04 | ) | ||||||||||||||||||||||||
Net realized gains | — | — | — | (0.14 | ) | (0.09 | ) | (0.01 | ) | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Total distributions | (0.21 | ) | (0.48 | ) | (0.30 | ) | (0.45 | ) | (0.42 | ) | (0.26 | ) | (0.28 | ) | (3.34 | ) | (0.93 | ) | (1.37 | ) | (1.34 | ) | (1.04 | ) | ||||||||||||||||||||||||
Net asset value, end of period | $ | 33.56 | $ | 31.48 | $ | 30.02 | $ | 24.18 | $ | 22.00 | $ | 24.76 | $ | 25.72 | $ | 25.63 | $ | 26.89 | $ | 22.82 | $ | 22.65 | $ | 24.30 | ||||||||||||||||||||||||
Total return (6) | 7.34 | % | 6.43 | % | 25.54 | % | 12.06 | % | (9.74 | )% | 1.86 | % | 1.50 | % | 7.43 | %(2) | 22.68 | % | 7.23 | % | (1.66 | )%(3) | 8.09 | % | ||||||||||||||||||||||||
Net assets, end of period (in 000’s) | $ | 11,747 | $ | 12,591 | $ | 12,007 | $ | 10,881 | $ | 18,702 | $ | 21,044 | $ | 45,012 | $ | 43,565 | $ | 33,618 | $ | 25,098 | $ | 12,458 | $ | 15,795 | ||||||||||||||||||||||||
Ratio of expenses to average net assets | 0.49 | %(7) | 0.53 | % | 0.50 | % | 0.50 | % | 0.51 | % | 0.52 | % | 0.48 | %(7) | 0.51 | % | 0.50 | % | 0.50 | % | 0.51 | % | 0.52 | % | ||||||||||||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.51 | %(7) | 1.00 | % | 1.13 | % | 1.21 | % | 1.27 | % | 1.20 | % | 1.79 | %(7) | 11.54 | %(2) | 4.18 | % | 6.48 | % | 4.84 | %(3) | 4.62 | % | ||||||||||||||||||||||||
Portfolio turnover rate (8) | 0 | %(9) | 4 | % | 13 | % | 6 | % | 1 | % | 10 | % | 16 | % | 16 | % | 7 | % | 3 | % | 8 | % | 6 | % |
(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 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 $2.29 per share and 8.27% of average net assets. If the special dividends were not received during the year ended September 30, 2014, the total return would have been 0.02%. | |
(3) | 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)%. | |
(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) | Amount is less than $0.005 per share. | |
(6) | 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. | |
(7) | Annualized | |
(8) | Portfolio Turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. | |
(9) | Amount shown represents less than 0.5%. |
See accompanying notes to financial statements.
458
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459
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 | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
3/31/15 | Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | |||||||||||||||||||
(Unaudited) | 9/30/14 | 9/30/13 | 9/30/12 | 9/30/11 | 9/30/10 | |||||||||||||||||||
Net asset value, beginning of period | $ | 18.81 | $ | 17.72 | $ | 16.39 | $ | 17.38 | $ | 20.55 | $ | 22.78 | ||||||||||||
Income (loss) from investment operations: | ||||||||||||||||||||||||
Net investment income (loss) (1) | 0.21 | 0.69 | 0.65 | 0.85 | 0.92 | (2) | 0.82 | |||||||||||||||||
Net realized and unrealized gain (loss) (3) | (1.81 | ) | 1.04 | 1.33 | (1.24 | ) | (3.20 | ) | (2.43 | ) | ||||||||||||||
Total from investment operations | (1.60 | ) | 1.73 | 1.98 | (0.39 | ) | (2.28 | ) | (1.61 | ) | ||||||||||||||
Net equalization credits and charges (1) | (0.00 | )(4) | 0.02 | 0.06 | 0.14 | 0.02 | 0.04 | |||||||||||||||||
Other capital | — | — | — | — | — | — | ||||||||||||||||||
Distributions to shareholders from: | ||||||||||||||||||||||||
Net investment income | (0.21 | ) | (0.66 | ) | (0.71 | ) | (0.74 | ) | (0.91 | ) | (0.66 | ) | ||||||||||||
Total distributions | (0.21 | ) | (0.66 | ) | (0.71 | ) | (0.74 | ) | (0.91 | ) | (0.66 | ) | ||||||||||||
Net asset value, end of period | $ | 17.00 | $ | 18.81 | $ | 17.72 | $ | 16.39 | $ | 17.38 | $ | 20.55 | ||||||||||||
Total return (5) | (8.53 | )% | 9.86 | % | 12.79 | % | (1.30 | )% | (11.45 | )%(2) | (6.71 | )% | ||||||||||||
Net assets, end of period (in 000’s) | $ | 32,304 | $ | 69,587 | $ | 39,868 | $ | 25,403 | $ | 9,561 | $ | 8,221 | ||||||||||||
Ratio of expenses to average net assets | 0.48 | %(6) | 0.50 | % | 0.50 | % | 0.50 | % | 0.51 | % | 0.52 | % | ||||||||||||
Ratio of net investment income (loss) to average net assets | 2.40 | %(6) | 3.65 | % | 3.87 | % | 5.15 | % | 4.49 | %(2) | 3.94 | % | ||||||||||||
Portfolio turnover rate (7) | 2 | % | 8 | % | 1 | % | 8 | % | 2 | % | 5 | % |
(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) | 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. |
See accompanying notes to financial statements.
460
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS
NOTES TO FINANCIAL STATEMENTS
March 31, 2015 (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, 2015, the Trust offered fifty-one (51) 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 EURO STOXX Small Cap ETF | ||
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 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 | ||
SPDR S&P Global Natural Resources ETF | ||
SPDR MSCI ACWI ex-US ETF | ||
SPDR MSCI ACWI IMI ETF | ||
SPDR MSCI ACWI Low Carbon Target ETF | ||
SPDR MSCI EM 50 ETF | ||
SPDR MSCI EM Beyond BRIC ETF | ||
SPDR MSCI EAFE Quality Mix ETF | ||
SPDR MSCI Emerging Markets Quality Mix ETF | ||
SPDR MSCI World Quality Mix ETF | ||
SPDR MSCI Australia Quality Mix ETF | ||
SPDR MSCI Canada Quality Mix ETF | ||
SPDR MSCI Germany Quality Mix ETF | ||
SPDR MSCI Japan Quality Mix ETF | ||
SPDR MSCI Mexico Quality Mix ETF | ||
SPDR MSCI South Korea Quality Mix ETF | ||
SPDR MSCI Spain Quality Mix ETF | ||
SPDR MSCI Taiwan Quality Mix ETF | ||
SPDR MSCI United Kingdom Quality Mix ETF | ||
SPDR Russell/Nomura PRIME Japan ETF | ||
SPDR Russell/Nomura Small Cap Japan ETF | ||
SPDR S&P Global Dividend 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 | ||
SPDR S&P International Utilities Sector ETF |
On March 31, 2015, the SPDR S&P Small Cap Emerging Asia Pacific ETF Fund was liquidated and closed.
Each Fund is classified as a non-diversified investment company under the 1940 Act.
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.
461
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
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 accounting principles generally accepted in the United States of America (“U.S. GAAP”) which 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 or exchanges when available. Investments in open-ended investment companies are valued at their net asset value each business day. If a security’s market price is not readily available or does not otherwise accurately reflect the fair value of the security, the security will be valued by another method that the Board of Trustees of the Trust (the “Board”) believes will better reflect fair value in accordance with the Trust’s valuation policies and procedures. Investments in money market funds are valued at the net asset value per share. Money market funds generally value portfolio investments using the amortized cost method as set forth in Rule 2a-7 under the 1940 Act and in accordance with Fund procedures to stabilize net asset value. Fixed income securities are valued on the basis of the closing bid price. The Board has adopted procedures concerning securities valuation, under which an Oversight Committee makes determinations as to whether market quotations are not readily available or do not otherwise accurately reflect the fair value of the security. The Oversight Committee, or a subgroup thereof, subject to oversight by the Board, may use fair value pricing in a variety of circumstances, including but not limited to, situations when trading in a security has been suspended or halted. Fair value pricing involves subjective judgments and it is possible that the fair value determination for a security is materially different than the value that could be received on the sale of the security.
The Funds continue to follow the authoritative guidance for fair value measurements and the fair value option for financial assets and financial liabilities. The guidance establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. The guidance establishes three levels of inputs that may be used to measure fair value:
• | Level 1 — quoted prices in active markets exchanges 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
462
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
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 Schedule of Investments.
The following table summarizes the inputs used in valuing the Funds’ investments as of March 31, 2015:
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
Fund | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR STOXX Europe 50 ETF | $ | 272,179,967 | $ | — | $ | — | * | $ | 272,179,967 | |||||||
SPDR EURO STOXX 50 ETF | 4,817,309,064 | — | — | * | 4,817,309,064 | |||||||||||
SPDR EURO STOXX Small Cap ETF | 5,117,595 | — | — | 5,117,595 | ||||||||||||
SPDR S&P Emerging Asia Pacific ETF | 778,697,217 | 556,843 | — | * | 779,254,060 | |||||||||||
SPDR S&P Russia ETF | 30,465,653 | 26,428 | — | 30,492,081 | ||||||||||||
SPDR S&P China ETF | 1,218,514,967 | 2,499,806 | — | * | 1,221,014,773 | |||||||||||
SPDR S&P Emerging Markets ETF | 205,951,051 | 214,193 | — | * | 206,165,244 | |||||||||||
SPDR S&P Emerging Markets Dividend ETF | 482,079,426 | — | — | 482,079,426 | ||||||||||||
SPDR S&P BRIC 40 ETF | 120,141,912 | — | — | 120,141,912 | ||||||||||||
SPDR S&P Emerging Europe ETF | 49,680,534 | 74,417 | — | 49,754,951 | ||||||||||||
SPDR S&P Emerging Latin America ETF | 37,780,671 | 5,599 | — | * | 37,786,270 | |||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 49,756,998 | 6,605 | — | 49,763,603 | ||||||||||||
SPDR S&P World ex-US ETF | 805,805,685 | — | ** | — | * | 805,805,685 | ||||||||||
SPDR S&P International Small Cap ETF | 787,354,272 | 1,953,375 | — | * | 789,307,647 | |||||||||||
SPDR Dow Jones International Real Estate ETF | 5,162,494,583 | — | ** | — | 5,162,494,583 | |||||||||||
SPDR S&P Global Infrastructure ETF | 131,754,083 | — | — | 131,754,083 | ||||||||||||
SPDR S&P Global Natural Resources ETF | 737,644,497 | — | — | 737,644,497 | ||||||||||||
SPDR MSCI ACWI ex-US ETF | 727,392,795 | — | — | * | 727,392,795 | |||||||||||
SPDR MSCI ACWI IMI ETF | 75,100,464 | — | — | 75,100,464 | ||||||||||||
SPDR MSCI ACWI Low Carbon Target ETF | 89,861,991 | 6,634 | — | 89,868,625 | ||||||||||||
SPDR MSCI EM 50 ETF | 2,432,526 | — | — | 2,432,526 | ||||||||||||
SPDR MSCI EM Beyond BRIC ETF | 2,954,128 | 4,158 | — | 2,958,286 | ||||||||||||
SPDR MSCI EAFE Quality Mix ETF | 5,748,518 | — | — | 5,748,518 | ||||||||||||
SPDR MSCI Emerging Markets Quality Mix ETF | 74,366,496 | 37,716 | — | 74,404,212 | ||||||||||||
SPDR MSCI World Quality Mix ETF | 6,216,859 | — | — | 6,216,859 | ||||||||||||
SPDR MSCI Australia Quality Mix ETF | 2,630,844 | — | — | 2,630,844 | ||||||||||||
SPDR MSCI Canada Quality Mix ETF | 2,698,767 | — | — | 2,698,767 | ||||||||||||
SPDR MSCI Germany Quality Mix ETF | 8,617,410 | — | — | 8,617,410 | ||||||||||||
SPDR MSCI Japan Quality Mix ETF | 6,474,866 | — | — | 6,474,866 | ||||||||||||
SPDR MSCI Mexico Quality Mix ETF | 2,482,959 | — | — | 2,482,959 |
463
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Level 2 — | Level 3 — | |||||||||||||||
Level 1 — | Other Significant | Significant | ||||||||||||||
Quoted | Observable | Unobservable | ||||||||||||||
Fund | Prices | Inputs | Inputs | Total | ||||||||||||
SPDR MSCI South Korea Quality Mix ETF | $ | 2,668,093 | $ | — | $ | — | $ | 2,668,093 | ||||||||
SPDR MSCI Spain Quality Mix ETF | 2,524,834 | — | — | 2,524,834 | ||||||||||||
SPDR MSCI Taiwan Quality Mix ETF | 6,088,631 | — | — | 6,088,631 | ||||||||||||
SPDR MSCI United Kingdom Quality Mix ETF | 2,692,651 | — | — | 2,692,651 | ||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 21,245,615 | — | — | 21,245,615 | ||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 70,555,879 | — | ** | — | 70,555,879 | |||||||||||
SPDR S&P Global Dividend ETF | 60,958,953 | — | — | 60,958,953 | ||||||||||||
SPDR S&P International Dividend ETF | 1,594,521,130 | — | — | 1,594,521,130 | ||||||||||||
SPDR S&P International Mid Cap ETF | 55,560,610 | — | ** | — | 55,560,610 | |||||||||||
SPDR S&P Emerging Markets Small Cap ETF | 488,958,179 | 1,059,431 | — | * | 490,017,610 | |||||||||||
SPDR Dow Jones Global Real Estate ETF | 2,117,154,083 | — | ** | — | 2,117,154,083 | |||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 15,796,425 | — | — | 15,796,425 | ||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 36,222,892 | — | — | * | 36,222,892 | |||||||||||
SPDR S&P International Energy Sector ETF | 26,580,229 | — | — | 26,580,229 | ||||||||||||
SPDR S&P International Financial Sector ETF | 11,445,730 | 1,019 | — | 11,446,749 | ||||||||||||
SPDR S&P International Health Care Sector ETF | 79,425,901 | 43,586 | — | 79,469,487 | ||||||||||||
SPDR S&P International Industrial Sector ETF | 22,034,744 | — | — | 22,034,744 | ||||||||||||
SPDR S&P International Materials Sector ETF | 6,760,408 | — | — | * | 6,760,408 | |||||||||||
SPDR S&P International Technology Sector ETF | 12,557,797 | — | — | 12,557,797 | ||||||||||||
SPDR S&P International Telecommunications Sector ETF | 46,665,047 | 171,401 | — | 46,836,448 | ||||||||||||
SPDR S&P International Utilities Sector ETF | 33,885,688 | — | — | 33,885,688 |
* | Fund held Level 3 securities that were valued at $0 at March 31, 2015. | |
** | Fund held Level 2 securities that were valued at $0 at March 31, 2015. |
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 | $ | (29,406 | ) | $ | — | $ | — | $ | (29,406 | ) |
* | 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, 2015. 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 dividend income and as an increase to the cost basis of such securities.
464
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
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.
The 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 S&P Global Natural Resources ETF, SPDR MSCI ACWI ex-US ETF, SPDR MSCI ACWI IMI ETF, SPDR MSCI EM 50 ETF, SPDR MSCI EM Beyond BRIC ETF, SPDR MSCI EAFE Quality Mix ETF, SPDR MSCI Emerging Markets Quality Mix ETF, SPDR MSCI World Quality Mix ETF, SPDR MSCI Canada Quality Mix ETF, SPDR MSCI Japan Quality Mix ETF, SPDR MSCI Mexico Quality Mix ETF, SPDR MSCI South Korea Quality Mix ETF, SPDR MSCI Taiwan Quality Mix 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 do not utilize 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
Portfolio securities and other assets and liabilities denominated in a foreign currency are translated to U.S. dollars at the prevailing rates of exchange at period end. Purchases and sales of securities, income receipts and expense payments are translated into U.S. dollars at the prevailing exchange rate on the respective dates of transactions. The effects of changes in foreign currency exchange rates on portfolio investments are included in the net realized and unrealized gains and losses on investments and foreign currency transactions on the Statements of Operations. Net gains and losses on foreign currency transactions include disposition of foreign currencies, and currency gains and losses between the accrual and receipt dates of portfolio investment income and between the trade and settlement dates of portfolio investment transactions.
Investing in securities of foreign companies and foreign governments involves special risks and considerations not typically associated with investing in U.S. companies and securities of the U.S. government. These risks include revaluation of currencies and the risk of expropriation. Moreover, the markets for securities of many foreign companies and foreign governments may be less liquid and the prices of such securities may be more volatile than those of comparable U.S. companies and the U.S. government.
Some foreign markets in which the Funds invest are considered emerging markets. Investment in these emerging markets subjects a Fund to a greater risk of loss than investments in a developed market. This is due to, among other things, greater market volatility, lower trading volume, political and economic instability, higher levels of inflation, deflation or currency devaluation, greater risk of market shut down, and more governmental limitations on foreign investment policy than those typically found in a developed market.
465
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Futures
SPDR S&P Emerging Markets ETF used futures contracts during the period in seeking 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 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, 2015 is included in a table following the Fund’s Schedule of Investments.
466
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
The following tables summarize the value of the Fund’s derivative instruments as of March 31, 2015 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 | $ | — | $ | — | $ | — | $ | 200,459 | $ | — | $ | — | $ | 200,459 |
(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 | $ | — | $ | — | $ | — | $ | 29,406 | $ | — | $ | — | $ | 29,406 |
(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 | $ | — | $ | — | $ | — | $ | 271,676 | $ | — | $ | — | $ | 271,676 |
(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 | $ | — | $ | — | $ | — | $ | 19,987 | $ | — | $ | — | $ | 19,987 |
(a) | Net change in unrealized appreciation (depreciation) on Futures. |
During the period ended March 31, 2015, average notional value related to futures contracts was $3,523,050 or 1.8% of net assets.
Federal Income Tax
The Funds have qualified and intend to continue to qualify for and elect treatment as “regulated investment companies” under Subchapter M of the Internal Revenue Code of 1986, as amended. By so qualifying and electing, each Fund will not be subject to federal income taxes to the extent it distributes its taxable income, including any net realized capital gains, for each fiscal year. In addition, by distributing during each calendar year substantially all of their net investment income and capital gains, if any, the Funds will not be subject to federal excise tax. Income and capital gain distributions are determined in accordance with income tax regulations which may differ from
467
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
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.
For the six months ended March 31, 2015, 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 | $ | 2,167,406 | ||
SPDR EURO STOXX 50 ETF | 158,204,659 | |||
SPDR EURO STOXX Small Cap ETF | (262,097 | ) | ||
SPDR S&P Emerging Asia Pacific ETF | 5,056,503 | |||
SPDR S&P Russia ETF | 558,137 | |||
SPDR S&P China ETF | — | |||
SPDR S&P Emerging Markets ETF | 3,662,757 | |||
SPDR S&P Emerging Markets Dividend ETF | 362,163 | |||
SPDR S&P BRIC 40 ETF | (3,618,336 | ) | ||
SPDR S&P Emerging Europe ETF | (372,946 | ) | ||
SPDR S&P Emerging Latin America ETF | (2,301,681 | ) | ||
SPDR S&P Emerging Middle East & Africa ETF | (61,771 | ) | ||
SPDR S&P World ex-US ETF | 27,431,694 | |||
SPDR S&P International Small Cap ETF | 755,882 | |||
SPDR Dow Jones International Real Estate ETF | 52,474,176 | |||
SPDR S&P Global Infrastructure ETF | — | |||
SPDR S&P Global Natural Resources ETF | 3,949,668 | |||
SPDR MSCI ACWI ex-US ETF | 6,307,791 | |||
SPDR MSCI ACWI IMI ETF | — | |||
SPDR MSCI EM 50 ETF | — | |||
SPDR MSCI EM Beyond BRIC ETF | — | |||
SPDR MSCI EAFE Quality Mix ETF | — | |||
SPDR MSCI Emerging Markets Quality Mix ETF | — | |||
SPDR MSCI World Quality Mix ETF | — | |||
SPDR MSCI Australia Quality Mix ETF | (237,317 | ) |
468
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Net Gain (Loss) | ||||
Reclassified to | ||||
Paid in Capital | ||||
SPDR MSCI Canada Quality Mix ETF | $ | — | ||
SPDR MSCI Germany Quality Mix ETF | (370,548 | ) | ||
SPDR MSCI Japan Quality Mix ETF | — | |||
SPDR MSCI Mexico Quality Mix ETF | — | |||
SPDR MSCI South Korea Quality Mix ETF | — | |||
SPDR MSCI Spain Quality Mix ETF | (898,961 | ) | ||
SPDR MSCI Taiwan Quality Mix ETF | — | |||
SPDR MSCI United Kingdom Quality Mix ETF | (149,579 | ) | ||
SPDR Russell/Nomura PRIME Japan ETF | (604,697 | ) | ||
SPDR Russell/Nomura Small Cap Japan ETF | (885,306 | ) | ||
SPDR S&P Global Dividend ETF | — | |||
SPDR S&P International Dividend ETF | 4,031,809 | |||
SPDR S&P International Mid Cap ETF | 3,244,764 | |||
SPDR S&P Emerging Markets Small Cap ETF | (3,225,886 | ) | ||
SPDR Dow Jones Global Real Estate ETF | 3,981,109 | |||
SPDR S&P International Consumer Discretionary Sector ETF | 833,309 | |||
SPDR S&P International Consumer Staples Sector ETF | 1,907,558 | |||
SPDR S&P International Energy Sector ETF | (25,912 | ) | ||
SPDR S&P International Financial Sector ETF | 66,209 | |||
SPDR S&P International Health Care Sector ETF | 4,621,608 | |||
SPDR S&P International Industrial Sector ETF | 583,249 | |||
SPDR S&P International Materials Sector ETF | (453,176 | ) | ||
SPDR S&P International Technology Sector ETF | 326,514 | |||
SPDR S&P International Telecommunications Sector ETF | 607,252 | |||
SPDR S&P International Utilities Sector ETF | 4,172,125 |
At March 31, 2015, the Funds had the following 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 | $ | 1,089,650 | $ | 10,808,176 | ||||||||||||
SPDR EURO STOXX 50 ETF | — | 6,389,360 | 14,945,357 | 8,709,645 | 15,185,632 | 92,940,324 | ||||||||||||||||||
SPDR EURO STOXX Small Cap ETF | — | — | — | — | 249,290 | — | ||||||||||||||||||
SPDR S&P Emerging Asia Pacific ETF | — | — | — | — | 1,142,305 | 26,013,490 | ||||||||||||||||||
SPDR S&P Russia ETF | — | — | — | — | 1,523,061 | 1,891,833 | ||||||||||||||||||
SPDR S&P China ETF | — | 2,685,375 | 3,455,043 | 20,718,358 | 8,734,321 | 53,123,393 | ||||||||||||||||||
SPDR S&P Emerging Markets ETF | — | — | — | — | 582,498 | 9,140,080 | ||||||||||||||||||
SPDR S&P Emerging Markets Dividend ETF | — | — | — | 362,314 | 57,555,780 | 42,523,992 | ||||||||||||||||||
SPDR S&P BRIC 40 ETF | — | 399,946 | 37,661,979 | 9,992,324 | 4,310,093 | 38,087,235 | ||||||||||||||||||
SPDR S&P Emerging Europe ETF | — | 5,912,354 | 8,992,073 | 9,348,438 | 1,163,263 | 15,231,635 | ||||||||||||||||||
SPDR S&P Emerging Latin America ETF | — | 3,111,521 | 3,011,913 | 2,259,987 | 2,908,682 | 6,363,321 |
469
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Non-Expiring — | Non-Expiring — | |||||||||||||||||||||||
2016 | 2017 | 2018 | 2019 | Short Term | Long Term | |||||||||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | $ | — | $ | 1,967,866 | $ | 10,818,456 | $ | 1,720,229 | $ | 557,995 | $ | 7,902,508 | ||||||||||||
SPDR S&P World ex-US ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR S&P International Small Cap ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR Dow Jones International Real Estate ETF | 2,568,760 | 37,378,612 | 162,058,595 | 64,649,806 | 50,986,737 | 286,948,987 | ||||||||||||||||||
SPDR S&P Global Infrastructure ETF | — | 246,762 | 3,044,553 | 1,744,492 | — | 10,575,681 | ||||||||||||||||||
SPDR S&P Global Natural Resources ETF | — | — | — | — | 12,984,506 | 47,235,119 | ||||||||||||||||||
SPDR MSCI ACWI ex-US ETF | — | 2,856,017 | 36,957,682 | 2,453,209 | 2,549,284 | 14,939,808 | ||||||||||||||||||
SPDR MSCI ACWI IMI ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR MSCI EM 50 ETF | — | — | — | — | 34,952 | 72,279 | ||||||||||||||||||
SPDR MSCI EM Beyond BRIC ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR MSCI EAFE Quality Mix ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR MSCI Emerging Markets Quality Mix ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR MSCI World Quality Mix ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR MSCI Australia Quality Mix ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR MSCI Canada Quality Mix ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR MSCI Germany Quality Mix ETF | — | — | — | — | 3,817 | — | ||||||||||||||||||
SPDR MSCI Japan Quality Mix ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR MSCI Mexico Quality Mix ETF | — | — | — | — | 683 | — | ||||||||||||||||||
SPDR MSCI South Korea Quality Mix ETF | — | — | — | — | 1,151 | — | ||||||||||||||||||
SPDR MSCI Spain Quality Mix ETF | — | — | — | — | 3,063 | — | ||||||||||||||||||
SPDR MSCI Taiwan Quality Mix ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR MSCI United Kingdom Quality Mix ETF | — | — | — | — | 5 | — | ||||||||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | — | 367,543 | 574,285 | 91,148 | — | 596,806 | ||||||||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | — | 1,812,297 | 3,384,327 | 20,536 | 159,130 | 2,823,295 | ||||||||||||||||||
SPDR S&P Global Dividend ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR S&P International Dividend ETF | — | — | 13,759,514 | — | 50,772,412 | 53,715,890 | ||||||||||||||||||
SPDR S&P International Mid Cap ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR S&P Emerging Markets Small Cap ETF | — | — | — | — | — | 26,981,515 | ||||||||||||||||||
SPDR Dow Jones Global Real Estate ETF | — | 103,944 | 4,030,131 | 1,089,710 | 11,554,631 | — | ||||||||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | — | — | — | — | 16,270 | 118 | ||||||||||||||||||
SPDR S&P International Consumer Staples Sector ETF | — | — | — | 1,783 | — | — | ||||||||||||||||||
SPDR S&P International Energy Sector ETF | — | 4,624 | 119,106 | 316,377 | — | 311,573 | ||||||||||||||||||
SPDR S&P International Financial Sector ETF | — | 39,777 | 563,054 | 43,972 | 18,903 | 373,740 | ||||||||||||||||||
SPDR S&P International Health Care Sector ETF | — | — | — | — | — | — | ||||||||||||||||||
SPDR S&P International Industrial Sector ETF | — | 4,087 | 41,800 | 85,376 | 4,642 | 375,387 | ||||||||||||||||||
SPDR S&P International Materials Sector ETF | — | 60,733 | 154,398 | 205,070 | — | 588,984 | ||||||||||||||||||
SPDR S&P International Technology Sector ETF | — | — | — | — | — | 380,372 | ||||||||||||||||||
SPDR S&P International Telecommunications Sector ETF | — | 2,618 | 97,364 | 213,502 | 85,247 | 1,387,435 | ||||||||||||||||||
SPDR S&P International Utilities Sector ETF | — | 16,137 | 130,798 | 182,287 | — | 2,732,087 |
470
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
During the tax year ended June 30, 2014, 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 EURO STOXX Small Cap ETF | — | — | ||||||
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 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 | 5,052,440 | — | ||||||
SPDR S&P International Small Cap ETF | 32,235,568 | — | ||||||
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 | 717,042 | — | ||||||
SPDR MSCI ACWI IMI ETF | — | — | ||||||
SPDR MSCI EM 50 ETF | 10,394 | — | ||||||
SPDR MSCI EM Beyond BRIC ETF | — | — | ||||||
SPDR MSCI EAFE Quality Mix ETF | — | — | ||||||
SPDR MSCI Emerging Markets Quality Mix ETF | — | — | ||||||
SPDR MSCI World Quality Mix ETF | — | — | ||||||
SPDR MSCI Australia Quality Mix ETF | — | — | ||||||
SPDR MSCI Canada Quality Mix ETF | — | — | ||||||
SPDR MSCI Germany Quality Mix ETF | — | — | ||||||
SPDR MSCI Japan Quality Mix ETF | — | — | ||||||
SPDR MSCI Mexico Quality Mix ETF | — | — | ||||||
SPDR MSCI South Korea Quality Mix ETF | — | — | ||||||
SPDR MSCI Spain Quality Mix ETF | — | — | ||||||
SPDR MSCI Taiwan Quality Mix ETF | — | — | ||||||
SPDR MSCI United Kingdom Quality Mix ETF | — | — | ||||||
SPDR Russell/Nomura PRIME Japan ETF | — | — | ||||||
SPDR Russell/Nomura Small Cap Japan ETF | — | — | ||||||
SPDR S&P Global Dividend ETF | — | — | ||||||
SPDR S&P International Dividend ETF | 55,267,992 | — | ||||||
SPDR S&P International Mid Cap ETF | — | — | ||||||
SPDR S&P Emerging Markets Small Cap ETF | 5,866,081 | — | ||||||
SPDR Dow Jones Global Real Estate ETF | — | — |
471
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Amount Utilized | Amount Expired | |||||||
SPDR S&P International Consumer Discretionary Sector ETF | $ | 8,614 | $ | — | ||||
SPDR S&P International Consumer Staples Sector ETF | 14,999 | — | ||||||
SPDR S&P International Energy Sector ETF | — | — | ||||||
SPDR S&P International Financial Sector ETF | — | — | ||||||
SPDR S&P International Health Care Sector ETF | 497,639 | — | ||||||
SPDR S&P International Industrial Sector ETF | — | — | ||||||
SPDR S&P International Materials Sector ETF | — | — | ||||||
SPDR S&P International Technology Sector ETF | 33,412 | — | ||||||
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 EURO STOXX Small Cap ETF | — | — | ||||||
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 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 | — | — | ||||||
SPDR S&P Global Natural Resources ETF | — | — | ||||||
SPDR MSCI ACWI ex-US ETF | — | — | ||||||
SPDR MSCI ACWI IMI ETF | — | — | ||||||
SPDR MSCI EM 50 ETF | — | — | ||||||
SPDR MSCI EM Beyond BRIC ETF | — | — | ||||||
SPDR MSCI EAFE Quality Mix ETF | — | — | ||||||
SPDR MSCI Emerging Markets Quality Mix ETF | — | — | ||||||
SPDR MSCI World Quality Mix ETF | — | — | ||||||
SPDR MSCI Australia Quality Mix ETF | — | — | ||||||
SPDR MSCI Canada Quality Mix ETF | — | — |
472
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Post October | Late Year | |||||||
Capital Loss Deferral | Ordinary Loss Deferral | |||||||
SPDR MSCI Germany Quality Mix ETF | $ | — | $ | — | ||||
SPDR MSCI Japan Quality Mix ETF | — | — | ||||||
SPDR MSCI Mexico Quality Mix ETF | — | — | ||||||
SPDR MSCI South Korea Quality Mix ETF | — | — | ||||||
SPDR MSCI Spain Quality Mix ETF | — | — | ||||||
SPDR MSCI Taiwan Quality Mix ETF | — | — | ||||||
SPDR MSCI United Kingdom Quality Mix ETF | — | — | ||||||
SPDR Russell/Nomura PRIME Japan ETF | — | — | ||||||
SPDR Russell/Nomura Small Cap Japan ETF | — | — | ||||||
SPDR S&P Global Dividend 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 | (747 | ) | — | |||||
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 | — | — |
Distributions
The following Funds declare and distribute dividends from net investment income, if any, to shareholders quarterly: 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 Global Dividend 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 declare and distribute dividends from net investment income, if any, to shareholders semi-annually: SPDR EURO STOXX Small Cap ETF, 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 S&P Global Natural Resources ETF, SPDR MSCI ACWI ex-US ETF, SPDR MSCI ACWI IMI ETF, SPDR MSCI ACWI Low Carbon Target ETF, SPDR MSCI EM 50 ETF, SPDR MSCI EM Beyond BRIC ETF, SPDR MSCI EAFE Quality Mix ETF, SPDR MSCI Emerging Markets Quality Mix ETF, SPDR MSCI World Quality Mix ETF, SPDR MSCI Australia Quality Mix ETF, SPDR MSCI Canada Quality Mix ETF, SPDR MSCI Germany Quality Mix ETF, SPDR MSCI Japan Quality Mix ETF, SPDR MSCI Mexico Quality Mix ETF, SPDR
473
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
MSCI South Korea Quality Mix ETF, SPDR MSCI Spain Quality Mix ETF, SPDR MSCI Taiwan Quality Mix ETF, SPDR MSCI United Kingdom Quality Mix 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.
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 EURO STOXX Small Cap ETF | 0.45 | |||
SPDR S&P Emerging Asia Pacific ETF | 0.49 | |||
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 | 0.49 | |||
SPDR S&P BRIC 40 ETF | 0.49 | |||
SPDR S&P Emerging Europe ETF | 0.49 | |||
SPDR S&P Emerging Latin America ETF | 0.49 | |||
SPDR S&P Emerging Middle East & Africa ETF | 0.49 | |||
SPDR S&P World ex-US ETF | 0.34 | |||
SPDR S&P International Small Cap ETF | 0.40 | |||
SPDR Dow Jones International Real Estate ETF | 0.59 | |||
SPDR S&P Global Infrastructure ETF | 0.40 | |||
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 ACWI Low Carbon Target ETF | 0.30 | |||
SPDR MSCI EM 50 ETF | 0.50 | |||
SPDR MSCI EM Beyond BRIC ETF | 0.49 | |||
SPDR MSCI EAFE Quality Mix ETF | 0.30 | |||
SPDR MSCI Emerging Markets Quality Mix ETF | 0.30 | |||
SPDR MSCI World Quality Mix ETF | 0.30 | |||
SPDR MSCI Australia Quality Mix ETF | 0.30 | |||
SPDR MSCI Canada Quality Mix ETF | 0.30 | |||
SPDR MSCI Germany Quality Mix ETF | 0.30 | |||
SPDR MSCI Japan Quality Mix ETF | 0.30 | |||
SPDR MSCI Mexico Quality Mix ETF | 0.40 |
474
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Annual Rate | ||||
SPDR MSCI South Korea Quality Mix ETF | 0.40 | % | ||
SPDR MSCI Spain Quality Mix ETF | 0.30 | |||
SPDR MSCI Taiwan Quality Mix ETF | 0.40 | |||
SPDR MSCI United Kingdom Quality Mix ETF | 0.30 | |||
SPDR Russell/Nomura PRIME Japan ETF | 0.30 | |||
SPDR Russell/Nomura Small Cap Japan ETF | 0.40 | |||
SPDR S&P Global Dividend ETF | 0.40 | |||
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 | 0.40 | |||
SPDR S&P International Consumer Staples Sector ETF | 0.40 | |||
SPDR S&P International Energy Sector ETF | 0.40 | |||
SPDR S&P International Financial Sector ETF | 0.40 | |||
SPDR S&P International Health Care Sector ETF | 0.40 | |||
SPDR S&P International Industrial Sector ETF | 0.40 | |||
SPDR S&P International Materials Sector ETF | 0.40 | |||
SPDR S&P International Technology Sector ETF | 0.40 | |||
SPDR S&P International Telecommunications Sector ETF | 0.40 | |||
SPDR S&P International Utilities Sector ETF | 0.40 |
Prior to February 3, 2015, the Advisory fee for SPDR S&P Emerging Asia Pacific ETF, SPDR S&P Emerging Markets Dividend ETF, SPDR S&P Emerging Europe ETF, SPDR S&P Emerging Latin America ETF, SPDR S&P Emerging Middle East & Africa ETF and SPDR S&P International Small Cap ETF was 0.59%; SPDR Russell/Nomura Small Cap Japan ETF and SPDR MSCI EM Beyond BRIC ETF were 0.55%; and SPDR S&P BRIC 40 ETF, SPDR Russell/Nomura PRIME Japan 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 was 0.50%.
The Adviser has contractually agreed to waive its advisory fee and reimburse certain expenses, until January 31, 2017, so that the Net annual Fund operating expenses of the SPDR MSCI ACWI Low Carbon Target ETF will be limited to 0.20% of the Fund’s average daily net assets before application of any fees and expenses not paid by the Adviser under the Investment Advisory Agreement. Such fees and expenses paid by the Adviser are limited to certain direct operating expenses of the Fund and, therefore, do not include the Fund’s acquired fund fees and expenses, if any. The contractual fee waiver does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver from year to year, but there is no guarantee that the Adviser will do so and after January 31, 2017, the waiver may be cancelled or modified at any time.
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.
During the year ended September 30, 2014 the Adviser made a contribution of $9,863 to the SPDR EURO STOXX Small Cap ETF in connection with a portfolio investment matter. This amount can be found on the Statments of Changes in Net Assets.
475
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
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 are allocated as follows (after deduction of such other amounts payable to State Street under the terms of the securities lending agreement): 85% payable to the Fund, and 15% payable to State Street. In addition, cash collateral from lending activities is invested in the State Street Navigator Securities Lending Prime Portfolio (“Prime Portfolio”) for which SSGA FM serves as investment adviser. Prime Portfolio is a series of State Street Navigator Securities Lending Trust, a registered investment company under the 1940 Act, and operates as a money market fund in compliance with Rule 2a-7 under the 1940 Act. See Note 8 for additional information regarding securities lending.
For the period ended March 31, 2015, State Street earned securities lending agent fees from the following Funds:
Securities Lending | ||||
Agent Fees | ||||
SPDR STOXX Europe 50 ETF | $ | 38,642 | ||
SPDR EURO STOXX 50 ETF | 1,728,812 | |||
SPDR EURO STOXX Small Cap ETF | — | |||
SPDR S&P Emerging Asia Pacific ETF | 267,725 | |||
SPDR S&P Russia ETF | — | |||
SPDR S&P China ETF | 1,039,688 | |||
SPDR S&P Emerging Markets ETF | 55,801 | |||
SPDR S&P Emerging Markets Dividend ETF | 322,872 | |||
SPDR S&P BRIC 40 ETF | 14,822 | |||
SPDR S&P Emerging Europe ETF | 661 | |||
SPDR S&P Emerging Latin America ETF | 9,892 | |||
SPDR S&P Emerging Middle East & Africa ETF | 5,686 | |||
SPDR S&P World ex-US ETF | 208,641 | |||
SPDR S&P International Small Cap ETF | 674,156 | |||
SPDR Dow Jones International Real Estate ETF | 845,802 | |||
SPDR S&P Global Infrastructure ETF | 25,570 | |||
SPDR S&P Global Natural Resources ETF | 116,198 | |||
SPDR MSCI ACWI ex-US ETF | 141,809 | |||
SPDR MSCI ACWI IMI ETF | 12,525 | |||
SPDR MSCI ACWI Low Carbon Target ETF | — | |||
SPDR MSCI EM 50 ETF | — | |||
SPDR MSCI EM Beyond BRIC ETF | 247 | |||
SPDR MSCI EAFE Quality Mix ETF | 181 | |||
SPDR MSCI Emerging Markets Quality Mix ETF | — | |||
SPDR MSCI World Quality Mix ETF | — | |||
SPDR MSCI Australia Quality Mix ETF | — | |||
SPDR MSCI Canada Quality Mix ETF | — | |||
SPDR MSCI Germany Quality Mix ETF | — | |||
SPDR MSCI Japan Quality Mix ETF | — | |||
SPDR MSCI Mexico Quality Mix ETF | — |
476
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Securities Lending | ||||
Agent Fees | ||||
SPDR MSCI South Korea Quality Mix ETF | $ | — | ||
SPDR MSCI Spain Quality Mix ETF | — | |||
SPDR MSCI Taiwan Quality Mix ETF | — | |||
SPDR MSCI United Kingdom Quality Mix ETF | — | |||
SPDR Russell/Nomura PRIME Japan ETF | 3,579 | |||
SPDR Russell/Nomura Small Cap Japan ETF | 45,361 | |||
SPDR S&P Global Dividend ETF | 19,592 | |||
SPDR S&P International Dividend ETF | 1,044,975 | |||
SPDR S&P International Mid Cap ETF | 30,529 | |||
SPDR S&P Emerging Markets Small Cap ETF | 318,990 | |||
SPDR Dow Jones Global Real Estate ETF | 132,970 | |||
SPDR S&P International Consumer Discretionary Sector ETF | 7,125 | |||
SPDR S&P International Consumer Staples Sector ETF | 3,907 | |||
SPDR S&P International Energy Sector ETF | 8,321 | |||
SPDR S&P International Financial Sector ETF | 2,654 | |||
SPDR S&P International Health Care Sector ETF | 6,744 | |||
SPDR S&P International Industrial Sector ETF | 5,469 | |||
SPDR S&P International Materials Sector ETF | 1,029 | |||
SPDR S&P International Technology Sector ETF | 3,862 | |||
SPDR S&P International Telecommunications Sector ETF | 8,176 | |||
SPDR S&P International Utilities Sector ETF | 25,369 |
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 (a “Participating Party”, i.e., a broker-dealer or other participant in the clearing process through the Continuous Net Settlement System of the NSCC, a clearing agency that is registered with the SEC; or a DTC Participant) in certain creation and redemption activities 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
Effective July 1, 2014, the Trust, SSGA Master Trust, SSGA Active ETF Trust and SPDR Series Trust (together, the “Trusts”) pay, in the aggregate, each Independent Trustee an annual fee of $185,000 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.
477
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Prior to July 1, 2014, the Trusts paid, in the aggregate, each Independent Trustee an annual fee of $170,000 plus $10,000 per in-person meeting attended and $1,250 for each telephonic or video conference meeting attended. The Chairman of the Board received an additional annual fee of $50,000 and the Chairman of the Audit Committee received an additional annual fee of $20,000. The Trust also reimbursed 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 were allocated among the Trusts and each of their respective series in such a manner as deemed equitable, taking into consideration the relative net assets of the series.
Transactions with Affiliates
The following Funds invested in an affiliated company, State Street Corp. Amounts relating to these investments at March 31, 2015 and for the period then ended are:
Number of | Number of | |||||||||||||||||||||||||||||||||||||||
Shares Held | Value at | Purchased | Sold | Shares Held | Value at | Dividend | Realized | |||||||||||||||||||||||||||||||||
at 9/30/14 | 9/30/14 | Cost | Shares | Proceeds | Shares | at 3/31/15 | 3/31/15 | Income | Gain/(Loss) | |||||||||||||||||||||||||||||||
SPDR MSCI ACWI IMI ETF | 932 | $ | 68,605 | $ | 8,230 | 105 | $ | — | — | 1,037 | $ | 76,251 | $ | 622 | $ | — | ||||||||||||||||||||||||
SPDR MSCI ACWI Low Carbon Target ETF | — | — | 93,004 | 1,188 | — | — | 1,188 | 87,354 | 713 | — | ||||||||||||||||||||||||||||||
SPDR MSCI World Quality Mix ETF | 36 | 2,650 | — | — | — | — | 36 | 2,647 | 22 | — |
Each Fund may invest in certain money market funds managed by the Adviser, including the State Street Institutional Liquid Reserves Fund- Premier Class (formerly Institutional Class) (“Liquid Reserves Fund”), a series of State Street Institutional Investment Trust. The Liquid Reserves Fund is a feeder fund in a master/feeder fund structure that invests substantially all of its assets in the State Street Money Market Portfolio (“Master Portfolio”). The Liquid Reserves Fund does not pay an investment advisory fee to the Adviser, but the Master Portfolio in which it invests pays an investment advisory fee to the Adviser. The Liquid Reserves Fund intends to declare dividends on shares from net investment income daily and pay them as of the last business day of each month. All income distributions earned by the Funds from affiliated money market funds are recorded as dividend income on securities of affiliated issuers in the accompanying Statements of Operations. In addition, cash collateral from lending activities is invested in State Street Navigator Securities Lending Prime Portfolio (“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, 2015 and for the period then ended are:
Value at | Purchased | Sold | Value at | |||||||||||||||||||||||||
Liquid Reserves Fund | 9/30/14 | Cost | Shares | Proceeds | Shares | 3/31/15 | Income | |||||||||||||||||||||
SPDR STOXX Europe 50 ETF | $ | 1,265,544 | $ | 3,889,658 | 3,889,658 | $ | 2,908,166 | 2,908,166 | $ | 2,247,036 | $ | 92 | ||||||||||||||||
SPDR EURO STOXX 50 ETF | 11,687,767 | 36,963,266 | 36,963,266 | 43,379,567 | 43,379,567 | 5,271,466 | 1,079 | |||||||||||||||||||||
SPDR EURO STOXX Small Cap ETF | 11,709 | 56,610 | 56,610 | 67,762 | 67,762 | 557 | 2 | |||||||||||||||||||||
SPDR S&P Emerging Asia Pacific ETF | 4,643,520 | 37,082,512 | 37,082,512 | 39,336,222 | 39,336,222 | 2,389,810 | 1,295 | |||||||||||||||||||||
SPDR S&P Russia ETF | 38,242 | 1,291,235 | 1,291,235 | 1,050,564 | 1,050,564 | 278,913 | 80 | |||||||||||||||||||||
SPDR S&P China ETF | 948,043 | 96,184,196 | 96,184,196 | 95,473,978 | 95,473,978 | 1,658,261 | 787 | |||||||||||||||||||||
SPDR S&P Emerging Markets ETF | 2,601,157 | 21,952,856 | 21,952,856 | 22,765,057 | 22,765,057 | 1,788,956 | 755 | |||||||||||||||||||||
SPDR S&P Emerging Markets Dividend ETF | 8,920,769 | 51,373,115 | 51,373,115 | 59,252,935 | 59,252,935 | 1,040,949 | 446 | |||||||||||||||||||||
SPDR S&P BRIC 40 ETF | 526,416 | 4,371,488 | 4,371,488 | 4,448,542 | 4,448,542 | 449,362 | 129 | |||||||||||||||||||||
SPDR S&P Emerging Europe ETF | 4,982 | 1,985,276 | 1,985,276 | 1,816,675 | 1,816,675 | 173,583 | 58 | |||||||||||||||||||||
SPDR S&P Emerging Latin America ETF | — | 1,247,382 | 1,247,382 | 1,228,951 | 1,228,951 | 18,431 | 52 | |||||||||||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | — | 1,887,584 | 1,887,584 | 1,887,584 | 1,887,584 | — | 17 | |||||||||||||||||||||
SPDR S&P World ex-US ETF | — | 12,752,902 | 12,752,902 | 12,308,675 | 12,308,675 | 444,227 | 201 | |||||||||||||||||||||
SPDR S&P International Small Cap ETF | 1,813,375 | 87,532,456 | 87,532,456 | 87,993,911 | 87,993,911 | 1,351,920 | 2,011 | |||||||||||||||||||||
SPDR Dow Jones International Real Estate ETF | 34,936,010 | 92,288,663 | 92,288,663 | 100,533,749 | 100,533,749 | 26,690,924 | 2,348 |
478
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Value at | Purchased | Sold | Value at | |||||||||||||||||||||||||
Liquid Reserves Fund | 9/30/14 | Cost | Shares | Proceeds | Shares | 3/31/15 | Income | |||||||||||||||||||||
SPDR S&P Global Infrastructure ETF | $ | 71,982 | $ | 3,464,561 | 3,464,561 | $ | 3,328,317 | 3,328,317 | $ | 208,226 | $ | 83 | ||||||||||||||||
SPDR S&P Global Natural Resources ETF | 1,378,033 | 21,916,298 | 21,916,298 | 22,532,498 | 22,532,498 | 761,833 | 551 | |||||||||||||||||||||
SPDR MSCI ACWI ex-US ETF | 172,949 | 8,284,942 | 8,284,942 | 8,457,891 | 8,457,891 | — | 202 | |||||||||||||||||||||
SPDR MSCI ACWI IMI ETF | 151,005 | 1,304,394 | 1,304,394 | 1,189,762 | 1,189,762 | 265,637 | 104 | |||||||||||||||||||||
SPDR MSCI ACWI Low Carbon Target ETF | — | 589,617 | 589,617 | 458,141 | 458,141 | 131,476 | 14 | |||||||||||||||||||||
SPDR MSCI EM 50 ETF | 266 | 116,911 | 116,911 | 114,370 | 114,370 | 2,807 | 3 | |||||||||||||||||||||
SPDR MSCI EM Beyond BRIC ETF | — | 51,440 | 51,440 | 50,820 | 50,820 | 620 | 1 | |||||||||||||||||||||
SPDR MSCI EAFE Quality Mix ETF | 1,339 | 72,872 | 72,872 | 73,663 | 73,663 | 548 | 3 | |||||||||||||||||||||
SPDR MSCI Emerging Markets Quality Mix ETF | 9,513 | 20,221,773 | 20,221,773 | 20,049,716 | 20,049,716 | 181,570 | 91 | |||||||||||||||||||||
SPDR MSCI World Quality Mix ETF | 10,265 | 263,989 | 263,989 | 271,786 | 271,786 | 2,468 | 6 | |||||||||||||||||||||
SPDR MSCI Australia Quality Mix ETF | — | 261,770 | 261,770 | 259,026 | 259,026 | 2,744 | 4 | |||||||||||||||||||||
SPDR MSCI Canada Quality Mix ETF | 2,012 | 59,697 | 59,697 | 59,916 | 59,916 | 1,793 | 2 | |||||||||||||||||||||
SPDR MSCI Germany Quality Mix ETF | 722 | 6,924 | 6,924 | 6,952 | 6,952 | 694 | — | |||||||||||||||||||||
SPDR MSCI Japan Quality Mix ETF | 1,009 | 55,063 | 55,063 | 55,231 | 55,231 | 841 | 1 | |||||||||||||||||||||
SPDR MSCI Mexico Quality Mix ETF | 479 | 1,848 | 1,848 | 2,128 | 2,128 | 199 | — | |||||||||||||||||||||
SPDR MSCI South Korea Quality Mix ETF | 5,570 | 45,159 | 45,159 | 47,885 | 47,885 | 2,844 | 2 | |||||||||||||||||||||
SPDR MSCI Spain Quality Mix ETF | 6 | 201,601 | 201,601 | 201,041 | 201,041 | 566 | 4 | |||||||||||||||||||||
SPDR MSCI Taiwan Quality Mix ETF | 35,826 | 14,209 | 14,209 | 48,295 | 48,295 | 1,740 | 3 | |||||||||||||||||||||
SPDR MSCI United Kingdom Quality Mix ETF | 8,151 | 97,850 | 97,850 | 103,328 | 103,328 | 2,673 | 2 | |||||||||||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 21,841 | 915,626 | 915,626 | 918,417 | 918,417 | 19,050 | 20 | |||||||||||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 96,763 | 651,603 | 651,603 | 691,712 | 691,712 | 56,654 | 19 | |||||||||||||||||||||
SPDR S&P Global Dividend ETF | 259,380 | 1,283,856 | 1,283,856 | 1,172,439 | 1,172,439 | 370,797 | 30 | |||||||||||||||||||||
SPDR S&P International Dividend ETF | 14,252,632 | 65,122,498 | 65,122,498 | 72,597,822 | 72,597,822 | 6,777,308 | 997 | |||||||||||||||||||||
SPDR S&P International Mid Cap ETF | 36,002 | 6,265,472 | 6,265,472 | 6,256,231 | 6,256,231 | 45,243 | 147 | |||||||||||||||||||||
SPDR S&P Emerging Markets Small Cap ETF | — | 29,166,919 | 29,166,919 | 28,712,949 | 28,712,949 | 453,970 | 596 | |||||||||||||||||||||
SPDR Dow Jones Global Real Estate ETF | 13,698,796 | 46,583,996 | 46,583,996 | 48,102,248 | 48,102,248 | 12,180,544 | 1,458 | |||||||||||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 51,426 | 252,407 | 252,407 | 277,515 | 277,515 | 26,318 | 11 | |||||||||||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 245,715 | 407,116 | 407,116 | 484,640 | 484,640 | 168,191 | 17 | |||||||||||||||||||||
SPDR S&P International Energy Sector ETF | 140,815 | 459,290 | 459,290 | 450,815 | 450,815 | 149,290 | 12 | |||||||||||||||||||||
SPDR S&P International Financial Sector ETF | 130,752 | 416,300 | 416,300 | 491,758 | 491,758 | 55,294 | 15 | |||||||||||||||||||||
SPDR S&P International Health Care Sector ETF | 90,513 | 907,802 | 907,802 | 482,079 | 482,079 | 516,236 | 28 | |||||||||||||||||||||
SPDR S&P International Industrial Sector ETF | 44,378 | 307,133 | 307,133 | 259,861 | 259,861 | 91,650 | 10 | |||||||||||||||||||||
SPDR S&P International Materials Sector ETF | 62,190 | 54,553 | 54,553 | 84,965 | 84,965 | 31,778 | 4 | |||||||||||||||||||||
SPDR S&P International Technology Sector ETF | 6,109 | 176,682 | 176,682 | 168,161 | 168,161 | 14,630 | 6 | |||||||||||||||||||||
SPDR S&P International Telecommunications Sector ETF | 262,882 | 1,725,341 | 1,725,341 | 1,942,293 | 1,942,293 | 45,930 | 51 | |||||||||||||||||||||
SPDR S&P International Utilities Sector ETF | 554,052 | 929,196 | 929,196 | 1,421,177 | 1,421,177 | 62,071 | 26 |
Value at | Purchased | Sold | Value at | Income from | ||||||||||||||||||||||||
Prime Portfolio | 9/30/14 | Cost | Shares | Proceeds | Shares | 3/31/15 | Cash Collateral | |||||||||||||||||||||
SPDR STOXX Europe 50 ETF | $ | 3,067,594 | $ | 53,824,966 | 53,824,966 | $ | 46,008,302 | 46,008,302 | $ | 10,884,258 | $ | 38,642 | ||||||||||||||||
SPDR EURO STOXX 50 ETF | 58,567,565 | 1,220,539,488 | 1,220,539,488 | 1,133,319,671 | 1,133,319,671 | 145,787,382 | 1,728,812 | |||||||||||||||||||||
SPDR S&P Emerging Asia Pacific ETF | 37,269,587 | 98,026,399 | 98,026,399 | 93,419,150 | 93,419,150 | 41,876,836 | 267,725 | |||||||||||||||||||||
SPDR S&P Small Cap Emerging Asia Pacific ETF | 121,952 | 394,771 | 394,771 | 516,723 | 516,723 | — | 2,490 | |||||||||||||||||||||
SPDR S&P China ETF | 107,999,843 | 98,460,563 | 98,460,563 | 102,938,547 | 102,938,547 | 103,521,859 | 1,039,688 | |||||||||||||||||||||
SPDR S&P Emerging Markets ETF | 16,220,774 | 32,475,535 | 32,475,535 | 39,482,310 | 39,482,310 | 9,213,999 | 55,801 |
479
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Value at | Purchased | Sold | Value at | Income from | ||||||||||||||||||||||||
Prime Portfolio | 9/30/14 | Cost | Shares | Proceeds | Shares | 3/31/15 | Cash Collateral | |||||||||||||||||||||
SPDR S&P Emerging Markets Dividend ETF | $ | 86,295,235 | $ | 126,300,123 | 126,300,123 | $ | 153,619,748 | 153,619,748 | $ | 58,975,610 | $ | 322,872 | ||||||||||||||||
SPDR S&P BRIC 40 ETF | 7,484,526 | 59,350,069 | 59,350,069 | 56,839,837 | 56,839,837 | 9,994,758 | 14,822 | |||||||||||||||||||||
SPDR S&P Emerging Europe ETF | — | 977,776 | 977,776 | 899,776 | 899,776 | 78,000 | 661 | |||||||||||||||||||||
SPDR S&P Emerging Latin America ETF | 3,699,954 | 25,208,906 | 25,208,906 | 24,278,499 | 24,278,499 | 4,630,361 | 9,892 | |||||||||||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 2,557,190 | 10,854,709 | 10,854,709 | 11,753,308 | 11,753,308 | 1,658,591 | 5,686 | |||||||||||||||||||||
SPDR S&P World ex-US ETF | 45,988,685 | 115,400,562 | 115,400,562 | 106,067,195 | 106,067,195 | 55,322,052 | 208,641 | |||||||||||||||||||||
SPDR S&P International Small Cap ETF | 88,577,906 | 75,759,814 | 75,759,814 | 72,035,563 | 72,035,563 | 92,302,157 | 674,156 | |||||||||||||||||||||
SPDR Dow Jones International Real Estate ETF | 50,286,709 | 1,251,447,187 | 1,251,447,187 | 1,216,289,540 | 1,216,289,540 | 85,444,356 | 845,802 | |||||||||||||||||||||
SPDR S&P Global Infrastructure ETF | 15,919,982 | 76,782,061 | 76,782,061 | 81,568,129 | 81,568,129 | 11,133,914 | 25,570 | |||||||||||||||||||||
SPDR S&P Global Natural Resources ETF | 25,897,021 | 334,304,032 | 334,304,032 | 290,591,070 | 290,591,070 | 69,609,983 | 116,198 | |||||||||||||||||||||
SPDR MSCI ACWI ex-US ETF | 28,112,331 | 113,595,570 | 113,595,570 | 96,114,897 | 96,114,897 | 45,593,004 | 141,809 | |||||||||||||||||||||
SPDR MSCI ACWI IMI ETF | 9,719,463 | 53,662,714 | 53,662,714 | 53,613,685 | 53,613,685 | 9,768,492 | 12,525 | |||||||||||||||||||||
SPDR MSCI EM 50 ETF | 141,809 | 1,469,875 | 1,469,875 | 1,505,065 | 1,505,065 | 106,619 | 247 | |||||||||||||||||||||
SPDR MSCI EM Beyond BRIC ETF | 67,275 | 353,944 | 353,944 | 350,553 | 350,553 | 70,666 | 181 | |||||||||||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 3,923,260 | 6,821,028 | 6,821,028 | 8,135,258 | 8,135,258 | 2,609,030 | 3,579 | |||||||||||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 13,400,169 | 12,092,870 | 12,092,870 | 16,823,205 | 16,823,205 | 8,669,834 | 45,361 | |||||||||||||||||||||
SPDR S&P Global Dividend ETF | 5,629,316 | 23,911,970 | 23,911,970 | 21,180,056 | 21,180,056 | 8,361,230 | 19,592 | |||||||||||||||||||||
SPDR S&P International Dividend ETF | 219,686,389 | 526,366,322 | 526,366,322 | 489,259,424 | 489,259,424 | 256,793,287 | 1,044,975 | |||||||||||||||||||||
SPDR S&P International Mid Cap ETF | 8,645,480 | 11,690,271 | 11,690,271 | 14,827,682 | 14,827,682 | 5,508,069 | 30,529 | |||||||||||||||||||||
SPDR S&P Emerging Markets Small Cap ETF | 24,209,724 | 43,549,091 | 43,549,091 | 39,031,651 | 39,031,651 | 28,727,164 | 318,990 | |||||||||||||||||||||
SPDR Dow Jones Global Real Estate ETF | 36,031,602 | 292,170,936 | 292,170,936 | 304,237,783 | 304,237,783 | 23,964,755 | 132,970 | |||||||||||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 3,636,022 | 8,165,910 | 8,165,910 | 9,952,198 | 9,952,198 | 1,849,734 | 7,125 | |||||||||||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 2,614,374 | 10,697,214 | 10,697,214 | 11,215,605 | 11,215,605 | 2,095,983 | 3,907 | |||||||||||||||||||||
SPDR S&P International Energy Sector ETF | 2,934,069 | 9,353,817 | 9,353,817 | 9,787,758 | 9,787,758 | 2,500,128 | 8,321 | |||||||||||||||||||||
SPDR S&P International Financial Sector ETF | 443,839 | 3,963,836 | 3,963,836 | 3,594,468 | 3,594,468 | 813,207 | 2,654 | |||||||||||||||||||||
SPDR S&P International Health Care Sector ETF | 5,250,532 | 10,254,865 | 10,254,865 | 10,984,905 | 10,984,905 | 4,520,492 | 6,744 | |||||||||||||||||||||
SPDR S&P International Industrial Sector ETF | 2,817,118 | 6,178,711 | 6,178,711 | 6,630,988 | 6,630,988 | 2,364,841 | 5,469 | |||||||||||||||||||||
SPDR S&P International Materials Sector ETF | 790,923 | 1,742,424 | 1,742,424 | 2,017,582 | 2,017,582 | 515,765 | 1,029 | |||||||||||||||||||||
SPDR S&P International Technology Sector ETF | 1,440,406 | 5,046,926 | 5,046,926 | 5,643,126 | 5,643,126 | 844,206 | 3,862 | |||||||||||||||||||||
SPDR S&P International Telecommunications Sector ETF | 3,490,997 | 14,640,279 | 14,640,279 | 16,199,253 | 16,199,253 | 1,932,023 | 8,176 | |||||||||||||||||||||
SPDR S&P International Utilities Sector ETF | 3,015,709 | 17,549,105 | 17,549,105 | 18,902,615 | 18,902,615 | 1,662,199 | 25,369 |
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 EURO STOXX Small Cap 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 MSCI EM Beyond BRIC ETF, SPDR MSCI Australia Quality Mix ETF , SPDR MSCI Canada Quality Mix ETF, SPDR MSCI Germany Quality Mix ETF, SPDR MSCI Japan Quality Mix ETF, SPDR MSCI Spain Quality Mix ETF, SPDR MSCI United Kingdom Quality Mix ETF, SPDR Russell/Nomura Small Cap Japan ETF, SPDR S&P Global Dividend 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,
480
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
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 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 MSCI ACWI Low Carbon Target ETF, SPDR MSCI EAFE Quality Mix ETF, SPDR MSCI Emerging Markets Quality Mix ETF , SPDR MSCI World Quality Mix ETF , SPDR MSCI Mexico Quality Mix ETF, SPDR MSCI South Korea Quality Mix ETF, SPDR MSCI Taiwan Quality Mix 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, 2015 was as follows:
Gross | Gross | Net Unrealized | ||||||||||||||
Identified | Unrealized | Unrealized | Appreciation | |||||||||||||
Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
SPDR STOXX Europe 50 ETF | $ | 290,055,181 | $ | 10,159,313 | $ | 28,034,527 | $ | (17,875,214 | ) | |||||||
SPDR EURO STOXX 50 ETF | 4,796,554,346 | 266,367,534 | 245,612,816 | 20,754,718 | ||||||||||||
SPDR EURO STOXX Small Cap ETF | 5,611,435 | 163,051 | 656,891 | (493,840 | ) | |||||||||||
SPDR S&P Emerging Asia Pacific ETF | 688,466,256 | 144,613,629 | 53,825,825 | 90,787,804 | ||||||||||||
SPDR S&P Russia ETF | 44,412,224 | 195,893 | 14,116,036 | (13,920,143 | ) | |||||||||||
SPDR S&P China ETF | 1,120,575,728 | 212,210,950 | 111,771,905 | 100,439,045 | ||||||||||||
SPDR S&P Emerging Markets ETF | 227,982,654 | 28,124,777 | 49,942,187 | (21,817,410 | ) | |||||||||||
SPDR S&P Emerging Markets Dividend ETF | 533,492,740 | 24,730,680 | 76,143,994 | (51,413,314 | ) | |||||||||||
SPDR S&P BRIC 40 ETF | 141,623,569 | 12,757,018 | 34,238,675 | (21,481,657 | ) | |||||||||||
SPDR S&P Emerging Europe ETF | 90,565,310 | 1,313,683 | 42,124,042 | (40,810,359 | ) | |||||||||||
SPDR S&P Emerging Latin America ETF | 63,949,824 | 3,134,561 | 29,298,115 | (26,163,554 | ) | |||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 55,235,235 | 11,853,477 | 17,325,109 | (5,471,632 | ) | |||||||||||
SPDR S&P World ex-US ETF | 772,032,941 | 96,316,524 | 62,543,780 | 33,772,744 | ||||||||||||
SPDR S&P International Small Cap ETF | 863,756,792 | 85,815,538 | 160,264,683 | (74,449,145 | ) | |||||||||||
SPDR Dow Jones International Real Estate ETF | 4,447,571,491 | 845,335,582 | 130,412,490 | 714,923,092 | ||||||||||||
SPDR S&P Global Infrastructure ETF | 129,154,099 | 11,111,790 | 8,511,806 | 2,599,984 | ||||||||||||
SPDR S&P Global Natural Resources ETF | 827,353,962 | 28,308,557 | 118,018,022 | (89,709,465 | ) | |||||||||||
SPDR MSCI ACWI ex-US ETF | 743,584,624 | 83,103,280 | 99,295,109 | (16,191,829 | ) | |||||||||||
SPDR MSCI ACWI IMI ETF | 73,135,811 | 5,909,691 | 3,945,038 | 1,964,653 | ||||||||||||
SPDR MSCI ACWI Low Carbon Target ETF | 88,484,981 | 4,290,485 | 2,906,841 | 1,383,644 | ||||||||||||
SPDR MSCI EM 50 ETF | 2,595,727 | 258,552 | 421,753 | (163,201 | ) | |||||||||||
SPDR MSCI EM Beyond BRIC ETF | 3,107,870 | 241,174 | 390,758 | (149,584 | ) |
481
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Gross | Gross | Net Unrealized | ||||||||||||||
Identified | Unrealized | Unrealized | Appreciation | |||||||||||||
Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
SPDR MSCI EAFE Quality Mix ETF | $ | 5,999,473 | $ | 281,083 | $ | 532,038 | $ | (250,955 | ) | |||||||
SPDR MSCI Emerging Markets Quality Mix ETF | 73,684,243 | 3,214,259 | 2,494,290 | 719,969 | ||||||||||||
SPDR MSCI World Quality Mix ETF | 6,039,757 | 512,995 | 335,893 | 177,102 | ||||||||||||
SPDR MSCI Australia Quality Mix ETF | 3,003,720 | 45,816 | 418,692 | (372,876 | ) | |||||||||||
SPDR MSCI Canada Quality Mix ETF | 3,008,365 | 123,036 | 432,634 | (309,598 | ) | |||||||||||
SPDR MSCI Germany Quality Mix ETF | 8,463,827 | 400,463 | 246,880 | 153,583 | ||||||||||||
SPDR MSCI Japan Quality Mix ETF | 5,983,094 | 703,840 | 212,068 | 491,772 | ||||||||||||
SPDR MSCI Mexico Quality Mix ETF | 2,980,131 | 14,897 | 512,069 | (497,172 | ) | |||||||||||
SPDR MSCI South Korea Quality Mix ETF | 2,949,258 | 125,764 | 406,929 | (281,165 | ) | |||||||||||
SPDR MSCI Spain Quality Mix ETF | 3,066,575 | 35,869 | 577,610 | (541,741 | ) | |||||||||||
SPDR MSCI Taiwan Quality Mix ETF | 5,989,972 | 335,521 | 236,862 | 98,659 | ||||||||||||
SPDR MSCI United Kingdom Quality Mix ETF | 3,004,722 | 52,912 | 364,983 | (312,071 | ) | |||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 23,400,513 | 1,443,915 | 3,598,813 | (2,154,898 | ) | |||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 74,818,652 | 6,738,710 | 11,001,483 | (4,262,773 | ) | |||||||||||
SPDR S&P Global Dividend ETF | 61,609,379 | 2,004,027 | 2,654,453 | (650,426 | ) | |||||||||||
SPDR S&P International Dividend ETF | 1,717,586,688 | 51,360,618 | 174,426,176 | (123,065,558 | ) | |||||||||||
SPDR S&P International Mid Cap ETF | 57,655,775 | 3,175,871 | 5,271,036 | (2,095,165 | ) | |||||||||||
SPDR S&P Emerging Markets Small Cap ETF | 589,096,249 | 59,305,569 | 158,384,208 | (99,078,639 | ) | |||||||||||
SPDR Dow Jones Global Real Estate ETF | 1,849,704,779 | 291,803,331 | 24,354,027 | 267,449,304 | ||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 15,206,379 | 1,719,573 | 1,129,527 | 590,046 | ||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 33,529,327 | 4,636,050 | 1,942,485 | 2,693,565 | ||||||||||||
SPDR S&P International Energy Sector ETF | 33,518,109 | 138,448 | 7,076,328 | (6,937,880 | ) | |||||||||||
SPDR S&P International Financial Sector ETF | 12,556,751 | 430,594 | 1,540,596 | (1,110,002 | ) | |||||||||||
SPDR S&P International Health Care Sector ETF | 68,046,442 | 12,354,780 | 931,735 | 11,423,045 | ||||||||||||
SPDR S&P International Industrial Sector ETF | 22,311,396 | 1,606,987 | 1,883,639 | (276,652 | ) | |||||||||||
SPDR S&P International Materials Sector ETF | 10,007,088 | 443,761 | 3,690,441 | (3,246,680 | ) | |||||||||||
SPDR S&P International Technology Sector ETF | 12,013,109 | 2,340,594 | 1,795,906 | 544,688 | ||||||||||||
SPDR S&P International Telecommunications Sector ETF | 45,627,201 | 3,674,317 | 2,465,070 | 1,209,247 | ||||||||||||
SPDR S&P International Utilities Sector ETF | 38,729,799 | 944,823 | 5,788,934 | (4,844,111 | ) |
6. | Investment Transactions |
For the six months ended March 31, 2015, 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 | $ | 26,541,234 | $ | 13,895,727 | $ | 2,167,406 | ||||||
SPDR EURO STOXX 50 ETF | 753,764,184 | 886,523,245 | 158,204,659 | |||||||||
SPDR EURO STOXX Small Cap ETF | — | 2,349,182 | (262,097 | ) | ||||||||
SPDR S&P Emerging Asia Pacific ETF | 32,573,921 | 22,957,100 | 5,056,503 | |||||||||
SPDR S&P Russia ETF | 16,033,272 | 3,054,838 | 558,136 |
482
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Realized | ||||||||||||
Contributions | Redemptions | Gain/(Loss) | ||||||||||
SPDR S&P China ETF | $ | (103,577 | ) | $ | — | $ | — | |||||
SPDR S&P Emerging Markets ETF | 8,996,938 | 60,238,613 | 3,662,757 | |||||||||
SPDR S&P Emerging Markets Dividend ETF | 12,978,371 | 27,462,860 | 362,163 | |||||||||
SPDR S&P BRIC 40 ETF | — | 40,532,677 | (3,618,336 | ) | ||||||||
SPDR S&P Emerging Europe ETF | — | 2,950,076 | (372,946 | ) | ||||||||
SPDR S&P Emerging Latin America ETF | — | 3,695,123 | (2,301,681 | ) | ||||||||
SPDR S&P Emerging Middle East & Africa ETF | — | 10,399,468 | (61,771 | ) | ||||||||
SPDR S&P World ex-US ETF | 79,316,693 | 134,669,225 | 27,431,694 | |||||||||
SPDR S&P International Small Cap ETF | 36,901,800 | 38,021,637 | 755,882 | |||||||||
SPDR Dow Jones International Real Estate ETF | 123,140,312 | 166,245,731 | 52,474,176 | |||||||||
SPDR S&P Global Infrastructure ETF | 9,403,522 | — | — | |||||||||
SPDR S&P Global Natural Resources ETF | 180,863,371 | 28,867,032 | 3,949,668 | |||||||||
SPDR MSCI ACWI ex-US ETF | 129,370,706 | 20,513,555 | 6,307,791 | |||||||||
SPDR MSCI ACWI IMI ETF | 6,321,026 | — | — | |||||||||
SPDR MSCI ACWI Low Carbon Target ETF | 84,303,815 | — | — | |||||||||
SPDR MSCI EM 50 ETF | 226,480 | — | — | |||||||||
SPDR MSCI EM Beyond BRIC ETF | — | — | — | |||||||||
SPDR MSCI EAFE Quality Mix ETF | — | — | — | |||||||||
SPDR MSCI Emerging Markets Quality Mix ETF | — | — | — | |||||||||
SPDR MSCI World Quality Mix ETF | — | — | — | |||||||||
SPDR MSCI Australia Quality Mix ETF | 2,803,617 | 5,501,273 | (237,317 | ) | ||||||||
SPDR MSCI Canada Quality Mix ETF | — | — | — | |||||||||
SPDR MSCI Germany Quality Mix ETF | 5,467,957 | 2,623,904 | (370,548 | ) | ||||||||
SPDR MSCI Japan Quality Mix ETF | — | — | — | |||||||||
SPDR MSCI Mexico Quality Mix ETF | — | — | — | |||||||||
SPDR MSCI South Korea Quality Mix ETF | — | — | — | |||||||||
SPDR MSCI Spain Quality Mix ETF | — | 5,004,853 | (898,960 | ) | ||||||||
SPDR MSCI Taiwan Quality Mix ETF | — | — | — | |||||||||
SPDR MSCI United Kingdom Quality Mix ETF | — | 2,826,344 | (149,579 | ) | ||||||||
SPDR Russell/Nomura PRIME Japan ETF | — | 8,569,807 | (604,697 | ) | ||||||||
SPDR Russell/Nomura Small Cap Japan ETF | — | 11,526,401 | (885,306 | ) | ||||||||
SPDR S&P Global Dividend ETF | 22,641,870 | — | — | |||||||||
SPDR S&P International Dividend ETF | 97,477,072 | 68,047,135 | 4,031,809 | |||||||||
SPDR S&P International Mid Cap ETF | 16,630,139 | 31,646,213 | 3,244,764 | |||||||||
SPDR S&P Emerging Markets Small Cap ETF | — | 30,618,820 | (3,225,886 | ) | ||||||||
SPDR Dow Jones Global Real Estate ETF | 447,958,282 | 13,130,666 | 3,981,109 | |||||||||
SPDR S&P International Consumer Discretionary Sector ETF | — | 5,334,011 | 833,309 | |||||||||
SPDR S&P International Consumer Staples Sector ETF | — | 9,226,364 | 1,907,559 | |||||||||
SPDR S&P International Energy Sector ETF | 12,104,050 | 2,304,523 | (25,913 | ) | ||||||||
SPDR S&P International Financial Sector ETF | 1,011,578 | 979,394 | 66,209 | |||||||||
SPDR S&P International Health Care Sector ETF | 21,516,118 | 16,365,511 | 4,621,609 |
483
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Realized | ||||||||||||
Contributions | Redemptions | Gain/(Loss) | ||||||||||
SPDR S&P International Industrial Sector ETF | $ | — | $ | 4,206,494 | $ | 583,249 | ||||||
SPDR S&P International Materials Sector ETF | — | 952,948 | (453,176 | ) | ||||||||
SPDR S&P International Technology Sector ETF | — | 1,484,147 | 326,514 | |||||||||
SPDR S&P International Telecommunications Sector ETF | 3,834,911 | 2,601,952 | 607,253 | |||||||||
SPDR S&P International Utilities Sector ETF | 2,737,936 | 34,518,946 | 4,172,125 |
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, 2015, the Trust had purchases and sales of investment securities as follows:
Purchases | Sales | |||||||
SPDR STOXX Europe 50 ETF | $ | 2,921,730 | $ | 4,456,927 | ||||
SPDR EURO STOXX 50 ETF | 55,738,395 | 74,936,010 | ||||||
SPDR EURO STOXX Small Cap ETF | 1,634,587 | 1,735,196 | ||||||
SPDR S&P Emerging Asia Pacific ETF | 62,492,269 | 57,965,616 | ||||||
SPDR S&P Russia ETF | 131,874 | 847,128 | ||||||
SPDR S&P China ETF | 147,010,929 | 83,683,940 | ||||||
SPDR S&P Emerging Markets ETF | 9,817,604 | 35,604,348 | ||||||
SPDR S&P Emerging Markets Dividend ETF | 171,049,468 | 178,007,054 | ||||||
SPDR S&P BRIC 40 ETF | 12,370,035 | 14,551,306 | ||||||
SPDR S&P Emerging Europe ETF | 745,041 | 2,569,857 | ||||||
SPDR S&P Emerging Latin America ETF | 713,997 | 2,667,353 | ||||||
SPDR S&P Emerging Middle East & Africa ETF | 643,172 | 4,478,859 | ||||||
SPDR S&P World ex-US ETF | 9,943,496 | 19,621,936 | ||||||
SPDR S&P International Small Cap ETF | 12,385,301 | 91,368,318 | ||||||
SPDR Dow Jones International Real Estate ETF | 111,723,693 | 131,679,382 | ||||||
SPDR S&P Global Infrastructure ETF | 7,524,498 | 7,751,322 | ||||||
SPDR S&P Global Natural Resources ETF | 50,829,539 | 51,419,033 | ||||||
SPDR MSCI ACWI ex-US ETF | 24,273,458 | 24,980,336 | ||||||
SPDR MSCI ACWI IMI ETF | 1,080,515 | 968,691 | ||||||
SPDR MSCI ACWI Low Carbon Target ETF | 4,546,776 | 400,689 | ||||||
SPDR MSCI EM 50 ETF | 109,107 | 146,750 | ||||||
SPDR MSCI EM Beyond BRIC ETF | 113,611 | 148,271 | ||||||
SPDR MSCI EAFE Quality Mix ETF | 235,973 | 243,941 | ||||||
SPDR MSCI Emerging Markets Quality Mix ETF | 67,894,834 | 372,962 | ||||||
SPDR MSCI World Quality Mix ETF | 305,109 | 291,607 | ||||||
SPDR MSCI Australia Quality Mix ETF | 521,753 | 651,843 | ||||||
SPDR MSCI Canada Quality Mix ETF | 319,468 | 307,953 | ||||||
SPDR MSCI Germany Quality Mix ETF | 330,810 | 329,797 | ||||||
SPDR MSCI Japan Quality Mix ETF | 652,770 | 676,903 | ||||||
SPDR MSCI Mexico Quality Mix ETF | 125,745 | 131,229 |
484
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Purchases | Sales | |||||||
SPDR MSCI South Korea Quality Mix ETF | $ | 189,377 | $ | 226,955 | ||||
SPDR MSCI Spain Quality Mix ETF | 426,516 | 597,344 | ||||||
SPDR MSCI Taiwan Quality Mix ETF | 567,149 | 551,561 | ||||||
SPDR MSCI United Kingdom Quality Mix ETF | 536,869 | 538,672 | ||||||
SPDR Russell/Nomura PRIME Japan ETF | 167,513 | 862,171 | ||||||
SPDR Russell/Nomura Small Cap Japan ETF | 11,375,861 | 12,027,908 | ||||||
SPDR S&P Global Dividend ETF | 14,537,943 | 14,515,249 | ||||||
SPDR S&P International Dividend ETF | 459,438,128 | 469,148,390 | ||||||
SPDR S&P International Mid Cap ETF | 4,733,351 | 10,392,766 | ||||||
SPDR S&P Emerging Markets Small Cap ETF | 2,831,773 | 52,401,087 | ||||||
SPDR Dow Jones Global Real Estate ETF | 37,814,319 | 37,288,947 | ||||||
SPDR S&P International Consumer Discretionary Sector ETF | 483,608 | 588,752 | ||||||
SPDR S&P International Consumer Staples Sector ETF | 290,711 | 686,965 | ||||||
SPDR S&P International Energy Sector ETF | 581,837 | 370,993 | ||||||
SPDR S&P International Financial Sector ETF | 196,804 | 272,996 | ||||||
SPDR S&P International Health Care Sector ETF | 5,092,319 | 5,089,807 | ||||||
SPDR S&P International Industrial Sector ETF | 1,345,734 | 1,626,087 | ||||||
SPDR S&P International Materials Sector ETF | 38,741 | 62,951 | ||||||
SPDR S&P International Technology Sector ETF | 4,058 | 143,509 | ||||||
SPDR S&P International Telecommunications Sector ETF | 7,351,209 | 7,400,307 | ||||||
SPDR S&P International Utilities Sector ETF | 1,258,663 | 1,366,909 |
For the six months ended March 31, 2015, 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
485
SPDR INDEX SHARES FUNDS
NOTES TO FINANCIAL STATEMENTS (continued)
NOTES TO FINANCIAL STATEMENTS (continued)
March 31, 2015 (Unaudited)
Street as the lending agent. Additionally, a Fund will receive a fee from the borrower for non-cash collateral equal to a percentage of the market value of the loaned securities. Proceeds collected by State Street on investment of cash collateral or any fee income is partially allocated to State Street as compensation for its lending services.
The market value of securities on loan as of March 31, 2015 and the value of the invested cash collateral are disclosed in the Funds’ Statements of Assets and Liabilities. Non-cash collateral is not disclosed in the Funds’ Statement of Assets and Liabilities as it is held by the lending agent on behalf of the Funds and the Funds do not have the ability to re-hypothecate those securities. Securities lending income, as disclosed in the Funds’ Statements of Operations, represents the income earned from the investment of cash collateral, net of fee rebates paid to the borrower and net of fees paid to State Street as lending agent.
9. Subsequent Events
Subsequent events occuring after the date of this report have been evaluated for potential impact to this report through the date the financial statements were issued. There were no subsequent events that necessitated recognition or disclosure on the Funds’ financial statements.
10. New Accounting Pronouncement
In June 2014, the Financial Accounting Standards Board issued guidance to improve the financial reporting of reverse repurchase agreements and other similar transactions. The guidance will require expanded disclosure for entities that enter into reverse repurchase agreements and similar transactions accounted for as secured borrowings, including securities lending. The guidance is effective for financial statements for fiscal years beginning after December 15, 2014, and interim periods within those fiscal years. Management is evaluating the impact, if any, of this guidance on the Funds’ financial statements and disclosures.
486
SPDR INDEX SHARES FUNDS
OTHER INFORMATION
OTHER INFORMATION
March 31, 2015 (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, 2014 and held for the six months ended March 31, 2015.
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 | 10/1/14 to | |||||||||||||
Actual | Expense Ratio | 10/1/14 | 3/31/15 | 3/31/15 | ||||||||||||
SPDR STOXX Europe 50 ETF | 0.29 | % | $ | 1,000 | $ | 965.10 | $ | 1.42 | ||||||||
SPDR EURO STOXX 50 ETF | 0.29 | 1,000 | 981.00 | 1.43 | ||||||||||||
SPDR EURO STOXX Small Cap ETF | 0.47 | 1,000 | 1,016.80 | 2.36 | ||||||||||||
SPDR S&P Emerging Asia Pacific ETF | 0.56 | 1,000 | 1,057.10 | 2.87 | ||||||||||||
SPDR S&P Russia ETF | 0.60 | 1,000 | 780.70 | 2.66 | ||||||||||||
SPDR S&P China ETF | 0.59 | 1,000 | 1,109.20 | 3.10 | ||||||||||||
SPDR S&P Emerging Markets ETF | 0.59 | 1,000 | 984.10 | 2.92 | ||||||||||||
SPDR S&P Emerging Markets Dividend ETF | 0.56 | 1,000 | 913.30 | 2.67 | ||||||||||||
SPDR S&P BRIC 40 ETF | 0.50 | 1,000 | 986.50 | 2.48 |
487
SPDR INDEX SHARES FUNDS
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
March 31, 2015 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 10/1/14 to | |||||||||||||
Actual | Expense Ratio | 10/1/14 | 3/31/15 | 3/31/15 | ||||||||||||
SPDR S&P Emerging Europe ETF | 0.57 | % | $ | 1,000 | $ | 809.30 | $ | 2.57 | ||||||||
SPDR S&P Emerging Latin America ETF | 0.57 | 1,000 | 781.70 | 2.53 | ||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 0.56 | 1,000 | 1,006.20 | 2.80 | ||||||||||||
SPDR S&P World ex-US ETF | 0.34 | 1,000 | 1,005.20 | 1.70 | ||||||||||||
SPDR S&P International Small Cap ETF | 0.54 | 1,000 | 996.70 | 2.69 | ||||||||||||
SPDR Dow Jones International Real Estate ETF | 0.60 | 1,000 | 1,054.90 | 3.07 | ||||||||||||
SPDR S&P Global Infrastructure ETF | 0.40 | 1,000 | 1,001.00 | 2.00 | ||||||||||||
SPDR S&P Global Natural Resources ETF | 0.40 | 1,000 | 890.60 | 1.89 | ||||||||||||
SPDR MSCI ACWI ex-US ETF | 0.35 | 1,000 | 999.50 | 1.74 | ||||||||||||
SPDR MSCI ACWI IMI ETF | 0.25 | 1,000 | 1,035.90 | 1.27 | ||||||||||||
SPDR MSCI ACWI Low Carbon Target ETF (1) | 0.20 | 1,000 | 1,003.50 | 0.69 | ||||||||||||
SPDR MSCI EM 50 ETF | 0.50 | 1,000 | 991.70 | 2.48 | ||||||||||||
SPDR MSCI EM Beyond BRIC ETF | 0.53 | 1,000 | 945.90 | 2.57 | ||||||||||||
SPDR MSCI EAFE Quality Mix ETF | 0.30 | 1,000 | 1,020.10 | 1.51 | ||||||||||||
SPDR MSCI Emerging Markets Quality Mix ETF | 0.30 | 1,000 | 979.30 | 1.48 | ||||||||||||
SPDR MSCI World Quality Mix ETF | 0.30 | 1,000 | 1,025.60 | 1.52 | ||||||||||||
SPDR MSCI Australia Quality Mix ETF | 0.30 | 1,000 | 983.10 | 1.48 | ||||||||||||
SPDR MSCI Canada Quality Mix ETF | 0.30 | 1,000 | 924.20 | 1.44 | ||||||||||||
SPDR MSCI Germany Quality Mix ETF | 0.30 | 1,000 | 1,073.30 | 1.55 | ||||||||||||
SPDR MSCI Japan Quality Mix ETF | 0.30 | 1,000 | 1,089.50 | 1.56 | ||||||||||||
SPDR MSCI Mexico Quality Mix ETF | 0.40 | 1,000 | 865.80 | 1.86 | ||||||||||||
SPDR MSCI South Korea Quality Mix ETF | 0.40 | 1,000 | 958.30 | 1.95 | ||||||||||||
SPDR MSCI Spain Quality Mix ETF | 0.30 | 1,000 | 939.70 | 1.45 | ||||||||||||
SPDR MSCI Taiwan Quality Mix ETF | 0.40 | 1,000 | 1,053.40 | 2.05 | ||||||||||||
SPDR MSCI United Kingdom Quality Mix ETF | 0.30 | 1,000 | 970.40 | 1.47 | ||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 0.45 | 1,000 | 1,074.70 | 2.33 | ||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 0.51 | 1,000 | 1,046.40 | 2.60 | ||||||||||||
SPDR S&P Global Dividend ETF | 0.41 | 1,000 | 1,036.50 | 2.08 | ||||||||||||
SPDR S&P International Dividend ETF | 0.46 | 1,000 | 924.00 | 2.21 | ||||||||||||
SPDR S&P International Mid Cap ETF | 0.45 | 1,000 | 1,032.30 | 2.28 | ||||||||||||
SPDR S&P Emerging Markets Small Cap ETF | 0.65 | 1,000 | 948.40 | 3.16 | ||||||||||||
SPDR Dow Jones Global Real Estate ETF | 0.50 | 1,000 | 1,135.80 | 2.66 | ||||||||||||
SPDR S&P International Consumer Discretionary Sector ETF | 0.48 | 1,000 | 1,093.90 | 2.51 | ||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 0.48 | 1,000 | 1,040.20 | 2.44 | ||||||||||||
SPDR S&P International Energy Sector ETF | 0.46 | 1,000 | 759.50 | 2.02 | ||||||||||||
SPDR S&P International Financial Sector ETF | 0.48 | 1,000 | 998.60 | 2.39 | ||||||||||||
SPDR S&P International Health Care Sector ETF | 0.47 | 1,000 | 1,063.00 | 2.42 | ||||||||||||
SPDR S&P International Industrial Sector ETF | 0.49 | 1,000 | 1,007.90 | 2.45 |
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SPDR INDEX SHARES FUNDS
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
March 31, 2015 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 10/1/14 to | |||||||||||||
Actual | Expense Ratio | 10/1/14 | 3/31/15 | 3/31/15 | ||||||||||||
SPDR S&P International Materials Sector ETF | 0.49 | % | $ | 1,000 | $ | 969.50 | $ | 2.41 | ||||||||
SPDR S&P International Technology Sector ETF | 0.49 | 1,000 | 1,073.40 | 2.53 | ||||||||||||
SPDR S&P International Telecommunications Sector ETF | 0.48 | 1,000 | 1,015.00 | 2.41 | ||||||||||||
SPDR S&P International Utilities Sector ETF | 0.48 | 1,000 | 914.70 | 2.29 | ||||||||||||
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 10/1/14 to | |||||||||||||
Hypothetical | Expense Ratio | 10/1/14 | 3/31/15 | 3/31/15 | ||||||||||||
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 EURO STOXX Small Cap ETF | 0.47 | 1,000 | 1,022.56 | 2.37 | ||||||||||||
SPDR S&P Emerging Asia Pacific ETF | 0.56 | 1,000 | 1,022.11 | 2.82 | ||||||||||||
SPDR S&P Russia ETF | 0.60 | 1,000 | 1,021.91 | 3.02 | ||||||||||||
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 | 0.56 | 1,000 | 1,022.11 | 2.82 | ||||||||||||
SPDR S&P BRIC 40 ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR S&P Emerging Europe ETF | 0.57 | 1,000 | 1,022.06 | 2.87 | ||||||||||||
SPDR S&P Emerging Latin America ETF | 0.57 | 1,000 | 1,022.06 | 2.87 | ||||||||||||
SPDR S&P Emerging Middle East & Africa ETF | 0.56 | 1,000 | 1,022.11 | 2.82 | ||||||||||||
SPDR S&P World ex-US ETF | 0.34 | 1,000 | 1,023.20 | 1.72 | ||||||||||||
SPDR S&P International Small Cap ETF | 0.54 | 1,000 | 1,022.21 | 2.72 | ||||||||||||
SPDR Dow Jones International Real Estate ETF | 0.60 | 1,000 | 1,021.91 | 3.02 | ||||||||||||
SPDR S&P Global Infrastructure ETF | 0.40 | 1,000 | 1,022.91 | 2.02 | ||||||||||||
SPDR S&P Global Natural Resources ETF | 0.40 | 1,000 | 1,022.91 | 2.02 | ||||||||||||
SPDR MSCI ACWI ex-US ETF | 0.35 | 1,000 | 1,023.15 | 1.77 | ||||||||||||
SPDR MSCI ACWI IMI ETF | 0.25 | 1,000 | 1,023.65 | 1.26 | ||||||||||||
SPDR MSCI ACWI Low Carbon Target ETF (1) | 0.20 | 1,000 | 1,016.61 | 0.70 | ||||||||||||
SPDR MSCI EM 50 ETF | 0.50 | 1,000 | 1,022.41 | 2.52 | ||||||||||||
SPDR MSCI EM Beyond BRIC ETF | 0.53 | 1,000 | 1,022.26 | 2.67 | ||||||||||||
SPDR MSCI EAFE Quality Mix ETF | 0.30 | 1,000 | 1,023.40 | 1.51 | ||||||||||||
SPDR MSCI Emerging Markets Quality Mix ETF | 0.30 | 1,000 | 1,023.40 | 1.51 | ||||||||||||
SPDR MSCI World Quality Mix ETF | 0.30 | 1,000 | 1,023.40 | 1.51 | ||||||||||||
SPDR MSCI Australia Quality Mix ETF | 0.30 | 1,000 | 1,023.40 | 1.51 | ||||||||||||
SPDR MSCI Canada Quality Mix ETF | 0.30 | 1,000 | 1,023.40 | 1.51 | ||||||||||||
SPDR MSCI Germany Quality Mix ETF | 0.30 | 1,000 | 1,023.40 | 1.51 | ||||||||||||
SPDR MSCI Japan Quality Mix ETF | 0.30 | 1,000 | 1,023.40 | 1.51 | ||||||||||||
SPDR MSCI Mexico Quality Mix ETF | 0.40 | 1,000 | 1,022.91 | 2.02 | ||||||||||||
SPDR MSCI South Korea Quality Mix ETF | 0.40 | 1,000 | 1,022.91 | 2.02 | ||||||||||||
SPDR MSCI Spain Quality Mix ETF | 0.30 | 1,000 | 1,023.40 | 1.51 |
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SPDR INDEX SHARES FUNDS
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
March 31, 2015 (Unaudited)
Expenses Paid | ||||||||||||||||
Beginning Account | Ending Account | During Period* | ||||||||||||||
Annualized | Value | Value | 10/1/14 to | |||||||||||||
Hypothetical | Expense Ratio | 10/1/14 | 3/31/15 | 3/31/15 | ||||||||||||
SPDR MSCI Taiwan Quality Mix ETF | 0.40 | % | $ | 1,000 | $ | 1,022.91 | $ | 2.02 | ||||||||
SPDR MSCI United Kingdom Quality Mix ETF | 0.30 | 1,000 | 1,023.40 | 1.51 | ||||||||||||
SPDR Russell/Nomura PRIME Japan ETF | 0.45 | 1,000 | 1,022.66 | 2.27 | ||||||||||||
SPDR Russell/Nomura Small Cap Japan ETF | 0.51 | 1,000 | 1,022.36 | 2.57 | ||||||||||||
SPDR S&P Global Dividend ETF | 0.41 | 1,000 | 1,022.86 | 2.07 | ||||||||||||
SPDR S&P International Dividend ETF | 0.46 | 1,000 | 1,022.61 | 2.32 | ||||||||||||
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 | 0.48 | 1,000 | 1,022.51 | 2.42 | ||||||||||||
SPDR S&P International Consumer Staples Sector ETF | 0.48 | 1,000 | 1,022.51 | 2.42 | ||||||||||||
SPDR S&P International Energy Sector ETF | 0.46 | 1,000 | 1,022.61 | 2.32 | ||||||||||||
SPDR S&P International Financial Sector ETF | 0.48 | 1,000 | 1,022.51 | 2.42 | ||||||||||||
SPDR S&P International Health Care Sector ETF | 0.47 | 1,000 | 1,022.56 | 2.37 | ||||||||||||
SPDR S&P International Industrial Sector ETF | 0.49 | 1,000 | 1,022.46 | 2.47 | ||||||||||||
SPDR S&P International Materials Sector ETF | 0.49 | 1,000 | 1,022.46 | 2.47 | ||||||||||||
SPDR S&P International Technology Sector ETF | 0.49 | 1,000 | 1,022.46 | 2.47 | ||||||||||||
SPDR S&P International Telecommunications Sector ETF | 0.48 | 1,000 | 1,022.51 | 2.42 | ||||||||||||
SPDR S&P International Utilities Sector ETF | 0.48 | 1,000 | 1,022.51 | 2.42 |
* | 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. | |
(1) | Actual period is from commencement of operations 11/26/14. Hypothetical period is from 10/1/14. |
Proxy Voting Policies and Procedures and Records
A description of the Trust’s proxy voting policies and procedures that are used by the Funds’ investment adviser to vote proxies relating to the Funds’ portfolio of securities are available (i) without charge, upon request by calling 1-866-787-2257 (toll free) or (ii) on the website of the U.S. Securities and Exchange Commission, at www.sec.gov.
Information regarding how the investment adviser 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.
490
SPDR INDEX SHARES FUNDS
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
March 31, 2015 (Unaudited)
Approval of Advisory Agreement
At an in-person meeting held prior to March 31, 2015, the Board of Trustees of the Trust (the “Board”) evaluated proposals related to advisory arrangements for new series of the Trust, including a proposal to approve the Investment Advisory Agreement (the “Agreement”) between the Trust and SSGA Funds Management, Inc. (the “Adviser”) with respect to the SPDR MSCI ACWI Low Carbon Target ETF (the “New ETF”), which commenced operations during the period covered by this Semi-Annual Report. The Trustees who are not “interested persons” of the Trust within the meaning of the Investment Company Act of 1940, as amended (the “Independent Trustees”) also met separately with their independent legal counsel to consider the Agreement.
In evaluating the Agreement, the Board drew on materials provided to them by the Adviser and on other materials provided by State Street Bank and Trust Company, the Trust’s Administrator, Transfer Agent and Custodian (“State Street”). In deciding whether to approve the Agreement, the Board considered various factors, including the (i) nature, extent and quality of services to be provided by the Adviser with respect to the New ETF under the Agreement, (ii) fees charged to comparable funds, (iii) other benefits to the Adviser and (iv) extent to which economies of scale would be shared as the New ETF grows.
Nature, Extent and Quality of Services
The Board considered the nature, extent and quality of services expected to be provided by the Adviser. In doing so, the Trustees relied on their prior experience in overseeing the management of the Trust and materials provided prior to and at the meeting. The Board reviewed the Agreement and the Adviser’s anticipated responsibilities for managing investment operations of the New ETF in accordance with the New ETF’s investment objective, investment policies, and applicable legal and regulatory requirements. The Board appreciated the relatively unique nature of the New ETF as an exchange-traded fund, and the experience and expertise of the Adviser with exchange-traded funds. The Board considered the background and experience of the Adviser’s senior management, including those individuals responsible for portfolio management and regulatory compliance of the New ETF. The Board also considered the portfolio management resources, structures and practices of the Adviser, including those associated with monitoring and securing the New ETF’s compliance with its investment objective and policies and with applicable laws and regulations. The Board also considered information about the Adviser’s best execution procedures and overall investment management business, noting that the Adviser serves a wide range of clients across a broad spectrum of asset classes. The Board also looked at the Adviser’s general knowledge of the investment business and that of its affiliates which make up State Street Global Advisors, through which the Adviser shares all of its senior personnel. The Board considered that the Adviser and its affiliates constitute one of the world’s largest investment management enterprises for indexed products generally and exchange-traded funds in particular and also considered the Adviser’s experience in managing equity exchange-traded funds.
Fees Charged to Comparable Funds
The Board evaluated the New ETF’s unitary fee through review of comparative information with respect to fees paid by similar funds —i.e., exchange-traded funds tracking equity indexes. The Board reviewed the universe of similar exchange-traded funds for the New ETF based upon data obtained from Lipper Analytical Services and related comparative information for similar exchange-traded funds. The Board also reviewed the estimated expense ratio for the New ETF.
Other Benefits
The Board also considered whether the Adviser or its affiliates benefited in other ways from its relationship with the Trust, noting that the Adviser does not maintain soft-dollar arrangements in connection with the Trust’s brokerage transactions.
Economies of Scale
The Board reviewed information regarding economies of scale or other efficiencies that may result as the New ETF’s assets grow in size. The Board noted that the Agreement did not provide for breakpoints in the New ETF’s advisory fee rate as assets of the New ETF increase. However, the Board further noted the Adviser’s assertion that future
491
SPDR INDEX SHARES FUNDS
OTHER INFORMATION (continued)
OTHER INFORMATION (continued)
March 31, 2015 (Unaudited)
economies of scale (among several factors) had been taken into consideration for the New ETF by fixing a relatively low advisory fee, effectively sharing the benefits of lower fees with the New ETF from the time of its inception. The Board noted that, because the New ETF is new, there are no economies of scale to share, but it intends to continue to monitor fees as the New ETF grows in size.
Conclusion
The Board, including the Independent Trustees voting separately, approved the Agreement for the New ETF after weighing the foregoing factors, none of which was dispositive in itself and may have been weighed differently by each Trustee. The Board’s conclusions with respect to the Agreement were as follows: (a) the nature and extent of the services expected to be provided by the Adviser with respect to the New ETF were appropriate; (b) the Adviser’s unitary fee for the New ETF, considered in relation to services expected to be provided and in relation to fees charged to comparable funds, was fair and reasonable; and (c) any additional potential benefits to the Adviser or its affiliates were not of a magnitude to materially affect the Board’s conclusions.
492
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 EURO STOXX Small Cap (SMEZ)
SPDR S&P Emerging Asia Pacific ETF (GMF)
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 ACWI Low Carbon Target ETF (LOWC)
SPDR MSCI EM 50 ETF (EMFT)
SPDR MSCI EM Beyond BRIC ETF (EMBB)
SPDR MSCI EAFE Quality Mix ETF (QEFA)
SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)
SPDR MSCI World Quality Mix ETF (QWLD)
SPDR MSCI Australia Quality Mix ETF (QAUS)
SPDR MSCI Canada Quality Mix ETF (QCAN)
SPDR MSCI Germany Quality Mix ETF (QDEU)
SPDR MSCI Japan Quality Mix ETF (QJPN)
SPDR MSCI Mexico Quality Mix ETF (QMEX)
SPDR MSCI South Korea Quality Mix ETF (QKOR)
SPDR MSCI Spain Quality Mix ETF (QESP)
SPDR MSCI Taiwan Quality Mix ETF (QTWN)
SPDR MSCI United Kingdom Quality Mix ETF (QGBR)
SPDR Russell/Nomura PRIMEtm Japan ETF (JPP)
SPDR Russell/Nomura Small Captm Japan ETF (JSC)
SPDR S&P Global Dividend ETF (WDIV)
SPDR S&P International Dividend ETF (DWX)
SPDR S&P International Mid Cap ETF (MDD)
SPDR S&P Emerging Markets Small Cap ETF (EWX)
SPDR Dow Jones Global Real Estate ETF (RWO)
SPDR S&P International Consumer Discretionary Sector ETF (IPD)
SPDR S&P International Consumer Staples Sector ETF (IPS)
SPDR S&P International Energy Sector ETF (IPW)
SPDR S&P International Financial Sector ETF (IPF)
SPDR S&P International Health Care Sector ETF (IRY)
SPDR S&P International Industrial Sector ETF (IPN)
SPDR S&P International Materials Sector ETF (IRV)
SPDR S&P International Technology Sector ETF (IPK)
SPDR S&P International Telecommunications Sector ETF (IST)
SPDR S&P International Utilities Sector ETF (IPU)
SPDR Series Trust
SPDR Russell 3000® ETF (THRK)
SPDR Russell 1000 ETF (ONEK)
SPDR Russell 2000 ETF (TWOK)
SPDR S&P 500 Buyback ETF (SPYB)
SPDR S&P 500 Growth ETF (SPYG)
SPDR S&P 500 Value ETF (SPYV)
SPDR Russell Small Cap Completeness ETF (RSCO)
SPDR S&P 400 Mid Cap Growth ETF (MDYG)
SPDR S&P 400 Mid Cap Value ETF (MDYV)
SPDR S&P 600 Small Cap ETF (SLY)
SPDR S&P 600 Small Cap Growth ETF (SLYG)
SPDR S&P 600 Small Cap Value ETF (SLYV)
SPDR Global Dow ETF (DGT)
SPDR Dow Jones REIT ETF (RWR)
SPDR S&P Bank ETF (KBE)
SPDR S&P Capital Markets ETF (KCE)
SPDR S&P Insurance ETF (KIE)
SPDR S&P 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 MSCI USA Quality Mix ETF (QUS)
SPDR Wells Fargo Preferred Stock ETF (PSK)
SPDR Barclays 1-3 Month T-Bill ETF (BIL)
SPDR Barclays TIPS ETF (IPE)
SPDR Barclays 0-5 Year TIPS ETF (SIPE)
SPDR Barclays 1-10 Year TIPS ETF (TIPX)
SPDR Barclays Short Term Treasury ETF (SST)
SPDR Barclays Intermediate Term Treasury ETF (ITE)
SPDR Barclays Long Term Treasury ETF (TLO)
SPDR Barclays Short Term Corporate Bond ETF (SCPB)
SPDR Barclays Intermediate Term Corporate Bond ETF (ITR)
SPDR Barclays Long Term Corporate Bond ETF (LWC)
SPDR Barclays Issuer Scored Corporate Bond ETF (CBND)
SPDR Barclays Convertible Securities ETF (CWB)
SPDR Barclays Mortgage Backed Bond ETF (MBG)
SPDR Barclays Aggregate Bond ETF (LAG)
SPDR Nuveen Barclays Municipal Bond ETF (TFI)
SPDR Nuveen Barclays California Municipal Bond ETF (CXA)
SPDR Nuveen Barclays New York Municipal Bond ETF (INY)
SPDR Nuveen Barclays Short Term Municipal Bond ETF (SHM)
SPDR Nuveen S&P 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 International High Yield Bond ETF (IJNK)
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 (CJNK)
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 Trust
SPDR SSGA Multi-Asset Real Return ETF (RLY)
SPDR SSGA Income Allocation ETF (INKM)
SPDR SSGA Global Allocation ETF (GAL)
SPDR Blackstone/GSO Senior Loan ETF (SRLN)
SPDR SSGA Ultra Short Term Bond ETF (ULST)
SPDR DoubleLine Total Return Tactical ETF (TOTL)
State Street Clarion Global Infrastructure & MLP Portfolio (SSIDX)
SPDR MFS Systematic Core Equity ETF (SYE)
SPDR MFS Systematic Value Equity ETF (SYV)
SPDR MFS Systematic Growth Equity ETF (SYG)
SPDR SSGA Risk Aware ETF (RORO)
SPDR Dow Jones Industrial Average ETF Trust (DIA)
SPDR S&P 500 ETF Trust (SPY)
State Street Global Markets, LLC, member FINRA, SIPC, is distributor for all investment portfolios of SPDR Series Trust, SPDR Index Shares Funds, and SSGA Active ETF Trust. ALPS Distributors, Inc., a registered broker-dealer, is distributor for SPDR S&P 500 ETF Trust (SPY) and SPDR Dow Jones Industrial Average ETF Trust (DIA), both unit investment trusts, and ALPS Portfolio Solutions Distributors, Inc. is the distributor for all investment portfolios of The Select Sector SPDR Trust. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Markets, LLC.
SPDR® Index Shares Funds
SPDR Index Shares Funds
Trustees
Bonny E. Boatman
Dwight D. Churchill
David M. Kelly
Frank Nesvet, Chairman
James E. Ross
Carl G. Verboncoeur
Officers
Ellen M. Needham, President
Ann M. Carpenter, Vice President
Michael P. Riley, Vice President
Chad Hallett, Treasurer
Christopher A. Madden, Secretary
Brian Harris, Chief Compliance Officer
Investment Manager
SSgA Funds Management, Inc.
State Street Financial Center
One Lincoln Street
Boston, MA 02111
One Lincoln Street
Boston, MA 02111
Distributor
State Street Global Markets, LLC
One Lincoln Street
Boston, MA 02111
One Lincoln Street
Boston, MA 02111
Custodian, Administrator and Transfer Agent
State Street Bank and Trust Company
One Lincoln Street
Boston, MA 02111
One Lincoln Street
Boston, MA 02111
Legal Counsel
Morgan, Lewis & Bockius LLP
2020 K Street NW
Washington, DC 20006
2020 K Street NW
Washington, DC 20006
Independent Registered Public Accounting Firm
PricewaterhouseCoopers LLP
125 High Street
Boston, MA 02110
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.
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.
SPDR® Index Shares Funds
For more complete information, please call 866.787.2257 or visit spdrs.com today.
ssga.com | spdrs.com
State Street Global Advisors, 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 EURO STOXX Small Cap ETF, 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 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, SPDR S&P Global Natural Resources ETF, SPDR MSCI ACWI ex-US ETF, SPDR MSCI ACWI IMI ETF, SPDR MSCI EM 50 ETF, SPDR MSCI EM Beyond BRIC ETF, SPDR MSCI EAFE Quality Mix ETF, SPDR MSCI Emerging Markets Quality Mix ETF, SPDR MSCI World Quality Mix ETF, SPDR MSCI Australia Quality Mix ETF, SPDR MSCI Canada Quality Mix ETF, SPDR MSCI Germany Quality Mix ETF, SPDR MSCI Japan Quality Mix ETF, SPDR MSCI Mexico Quality Mix ETF, SPDR MSCI South Korea Quality Mix ETF, SPDR MSCI Spain Quality Mix ETF, SPDR MSCI Taiwan Quality Mix ETF, SPDR MSCI United Kingdom Quality Mix ETF, SPDR Russell/Nomura PRIME Japan ETF, SPDR Russell/Nomura Small Cap Japan ETF, SPDR S&P Global Dividend 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, 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 Stoxx, S&P Dow Jones Indicies LLC, MSCI Inc., and Russell Investment Group. 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.
“Standard & Poor’s”, “S&P” and “SPDR” are registered trademarks 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.
Past performance is no guarantee of future results. It is not possible to invest directly in an index. Index performance does not reflect charges and expenses associated with the fund or brokerage commissions associated with buying and selling a fund. Index performance is not meant to represent that of any particular fund.
Not FDIC Insured. No Bank Guarantee. May Lose Value.
© 2015 State Street Corporation. All Rights Reserved. | ||
State Street Global Advisors | 0515 Exp. Date: 05/31/2016 SPDRIDEXSAR IBG-15151 |
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) | The schedule of investments is included as part of the report to shareholders filed under Item 1 of this Form. |
(b) | Not applicable. |
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.
Registrant has not adopted any material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board.
Item 11. Controls and Procedures.
(a) Within 90 days of the filing date of this Form N-CSR, Ellen M. Needham, the registrant’s President and Principal Executive Officer, and Chad C. Hallett, the registrant’s Treasurer and Principal Financial Officer, reviewed the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) and evaluated their effectiveness. Based on their review, Ms. Needham and Mr. Hallett determined that the disclosure controls and procedures adequately ensure that information required to be disclosed by the registrant in its periodic
reports is recorded, processed, summarized and reported within the time periods required by the Securities and Exchange Commission.
(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. Exhibits.
(a)(1) Not applicable to the registrant; this Form N-CSR is a Semi-Annual Report.
(a)(2) Separate certifications required by Rule 30a-2 under the 1940 Act for each principal executive officer and principal financial officer of the registrant are attached.
(a)(3) Not applicable
(b) A single certification required by Rule 30a-2(b) under the 1940 Act, 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, 2015 |
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, 2015 | |||
By: | /s/ Chad C. Hallett | |||
Treasurer and Principal Financial Officer | ||||
Date: | June 4, 2015 |