UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-04041
STATE STREET VARIABLE INSURANCE SERIES FUNDS, INC.
(Exact name of registrant as specified in charter)
One Iron Street
Boston, Massachusetts 02210
(Address of principal executive offices)(Zip code)
(Name and Address of Agent for Service) | Copy to: | |
Sean O’Malley, Esq. Senior Vice President and General Counsel c/o SSGA Funds Management, Inc. One Iron Street Boston, Massachusetts 02210 | Timothy W. Diggins, Esq. Ropes & Gray LLP Prudential Tower 800 Boylston Street Boston, Massachusetts 02199-3600 |
Registrant’s telephone number, including area code: 800-242-0134
Date of fiscal year end: December 31
Date of reporting period: June 30, 2022
Item 1. Shareholder Reports.
(a) | The Report to Shareholders is attached herewith. |
State Street S&P 500 Index V.I.S. Fund |
Page | |
1 | |
4 | |
Financial Statements | |
15 | |
16 | |
17 | |
18 | |
19 | |
25 |
State Street S&P 500 Index V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $153,587 (in thousands) as of June 30, 2022 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2022 (as a % of Fair Value) (a)(b) | |
Apple Inc. | 6.54% |
Microsoft Corp. | 5.97% |
Amazon.com Inc. | 2.89% |
Alphabet Inc., Class A | 2.04% |
Alphabet Inc., Class C | 1.87% |
Tesla Inc. | 1.76% |
Berkshire Hathaway Inc., Class B | 1.53% |
UnitedHealth Group Inc. | 1.50% |
Johnson & Johnson | 1.46% |
NVIDIA Corp. | 1.18% |
(a) | Fair Value basis is inclusive of a short-term investment in the State Street Institutional Liquid Reserve Fund, Premier Class. |
(b) | The securities information regarding holdings, allocations and other characteristics is presented to illustrate examples of securities that the Fund has bought and the diversity of areas in which the Fund may invest as of a particular date. It may not be representative of the Fund’s current or future investments and should not be construed as a recommendation to purchase or sell a particular security. |
2 | State Street S&P 500 Index V.I.S. Fund |
Actual Fund Return | Hypothetical 5% Return (2.5% for the period) | ||
Beginning Account Value January 1, 2022 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2022 | $ 799.40 | $1,023.20 | |
Expenses Paid During Period* | $ 1.47 | $ 1.66 |
* | Expenses are equal to the Fund's annualized expense ratio of 0.33% (for the period January 1, 2022 - June 30, 2022), multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
State Street S&P 500 Index V.I.S. Fund | 3 |
Number of Shares | Fair Value | |
Common Stock - 99.3% † | ||
Advertising - 0.1% | ||
Omnicom Group Inc. | 1,023 | $ 65,073 |
The Interpublic Group of Companies Inc. | 2,061 | 56,739 |
121,812 | ||
Aerospace & Defense - 1.7% | ||
General Dynamics Corp. | 1,099 | 243,154 |
Howmet Aerospace Inc. | 1,808 | 56,862 |
Huntington Ingalls Industries Inc. | 200 | 43,564 |
L3Harris Technologies Inc. | 915 | 221,155 |
Lockheed Martin Corp. | 1,146 | 492,734 |
Northrop Grumman Corp. | 702 | 335,956 |
Raytheon Technologies Corp. | 7,183 | 690,358 |
Textron Inc. | 1,136 | 69,376 |
The Boeing Co. (a) | 2,648 | 362,035 |
TransDigm Group Inc. (a) | 248 | 133,094 |
2,648,288 | ||
Agricultural & Farm Machinery - 0.3% | ||
Deere & Co. | 1,325 | 396,798 |
Agricultural Products - 0.1% | ||
Archer-Daniels-Midland Co. | 2,664 | 206,726 |
Air Freight & Logistics - 0.7% | ||
CH Robinson Worldwide Inc. | 652 | 66,093 |
Expeditors International of Washington Inc. | 832 | 81,087 |
FedEx Corp. | 1,136 | 257,543 |
United Parcel Service Inc., Class B | 3,456 | 630,858 |
1,035,581 | ||
Airlines - 0.2% | ||
Alaska Air Group Inc. (a) | 700 | 28,035 |
American Airlines Group Inc. (a) | 3,511 | 44,520 |
Delta Air Lines Inc. (a) | 2,886 | 83,607 |
Southwest Airlines Co. (a) | 2,970 | 107,276 |
United Airlines Holdings Inc. (a) | 1,624 | 57,522 |
320,960 | ||
Alternative Carriers - 0.0%* | ||
Lumen Technologies Inc. | 4,737 | 51,681 |
Number of Shares | Fair Value | |
Apparel Retail - 0.3% | ||
Ross Stores Inc. | 1,632 | $ 114,615 |
The TJX Companies Inc. | 5,635 | 314,715 |
429,330 | ||
Apparel, Accessories & Luxury Goods - 0.1% | ||
PVH Corp. | 407 | 23,158 |
Ralph Lauren Corp. | 270 | 24,206 |
Tapestry Inc. | 1,189 | 36,288 |
VF Corp. | 1,441 | 63,649 |
147,301 | ||
Application Software - 2.1% | ||
Adobe Inc. (a) | 2,263 | 828,394 |
ANSYS Inc. (a) | 422 | 100,980 |
Autodesk Inc. (a) | 1,020 | 175,399 |
Cadence Design Systems Inc. (a) | 1,290 | 193,539 |
Ceridian HCM Holding Inc. (a) | 666 | 31,355 |
Citrix Systems Inc. | 584 | 56,747 |
Intuit Inc. | 1,338 | 515,719 |
Paycom Software Inc. (a) | 250 | 70,030 |
PTC Inc. (a) | 500 | 53,170 |
Roper Technologies Inc. | 517 | 204,034 |
salesforce.com Inc. (a) | 4,721 | 779,154 |
Synopsys Inc. (a) | 713 | 216,538 |
Tyler Technologies Inc. (a) | 200 | 66,496 |
3,291,555 | ||
Asset Management & Custody Banks - 0.7% | ||
Ameriprise Financial Inc. | 542 | 128,822 |
BlackRock Inc. | 672 | 409,275 |
Franklin Resources Inc. | 1,491 | 34,755 |
Invesco Ltd. | 1,674 | 27,002 |
Northern Trust Corp. | 920 | 88,762 |
State Street Corp. (b) | 1,835 | 113,128 |
T Rowe Price Group Inc. | 1,149 | 130,538 |
The Bank of New York Mellon Corp. | 3,617 | 150,865 |
1,083,147 | ||
Auto Parts & Equipment - 0.1% | ||
Aptiv PLC (a) | 1,265 | 112,674 |
BorgWarner Inc. | 1,236 | 41,245 |
153,919 | ||
Automobile Manufacturers - 2.0% | ||
Ford Motor Co. | 18,764 | 208,843 |
4 | State Street S&P 500 Index V.I.S. Fund |
Number of Shares | Fair Value | |
General Motors Co. (a) | 6,932 | $ 220,161 |
Tesla Inc. (a) | 4,010 | 2,700,414 |
3,129,418 | ||
Automotive Retail - 0.4% | ||
Advance Auto Parts Inc. | 304 | 52,619 |
AutoZone Inc. (a) | 95 | 204,167 |
CarMax Inc. (a) | 834 | 75,460 |
O'Reilly Automotive Inc. (a) | 330 | 208,481 |
540,727 | ||
Biotechnology - 2.2% | ||
AbbVie Inc. | 8,465 | 1,296,499 |
Amgen Inc. | 2,522 | 613,603 |
Biogen Inc. (a) | 657 | 133,989 |
Gilead Sciences Inc. | 5,990 | 370,242 |
Incyte Corp. (a) | 968 | 73,539 |
Moderna Inc. (a) | 1,682 | 240,274 |
Regeneron Pharmaceuticals Inc. (a) | 511 | 302,067 |
Vertex Pharmaceuticals Inc. (a) | 1,241 | 349,701 |
3,379,914 | ||
Brewers - 0.0%* | ||
Molson Coors Beverage Co., Class B | 810 | 44,153 |
Broadcasting - 0.1% | ||
Fox Corp., Class A | 1,530 | 49,205 |
Fox Corp., Class B | 740 | 21,978 |
Paramount Global, Class B | 2,936 | 72,460 |
143,643 | ||
Building Products - 0.4% | ||
A O Smith Corp. | 607 | 33,191 |
Allegion PLC | 398 | 38,964 |
Carrier Global Corp. | 4,167 | 148,595 |
Fortune Brands Home & Security Inc. | 700 | 41,916 |
Johnson Controls International PLC | 3,454 | 165,378 |
Masco Corp. | 1,006 | 50,904 |
Trane Technologies PLC | 1,158 | 150,389 |
629,337 | ||
Cable & Satellite - 0.7% | ||
Charter Communications Inc., Class A (a) | 536 | 251,132 |
Number of Shares | Fair Value | |
Comcast Corp., Class A | 21,182 | $ 831,182 |
DISH Network Corp., Class A (a) | 1,098 | 19,687 |
1,102,001 | ||
Casinos & Gaming - 0.1% | ||
Caesars Entertainment Inc. (a) | 1,071 | 41,019 |
Las Vegas Sands Corp. (a) | 1,739 | 58,413 |
MGM Resorts International | 1,997 | 57,813 |
Penn National Gaming Inc. (a) | 755 | 22,967 |
Wynn Resorts Ltd. (a) | 481 | 27,408 |
207,620 | ||
Commodity Chemicals - 0.2% | ||
Dow Inc. | 3,426 | 176,816 |
LyondellBasell Industries N.V., Class A | 1,238 | 108,275 |
285,091 | ||
Communications Equipment - 0.8% | ||
Arista Networks Inc. (a) | 1,128 | 105,739 |
Cisco Systems Inc. | 19,693 | 839,710 |
F5 Inc. (a) | 311 | 47,595 |
Juniper Networks Inc. | 1,508 | 42,978 |
Motorola Solutions Inc. | 772 | 161,811 |
1,197,833 | ||
Computer & Electronics Retail - 0.0%* | ||
Best Buy Company Inc. | 860 | 56,063 |
Construction & Engineering - 0.1% | ||
Quanta Services Inc. | 715 | 89,618 |
Construction Machinery & Heavy Trucks - 0.5% | ||
Caterpillar Inc. | 2,589 | 462,810 |
Cummins Inc. | 642 | 124,246 |
PACCAR Inc. | 1,742 | 143,436 |
Westinghouse Air Brake Technologies Corp. | 888 | 72,887 |
803,379 | ||
Construction Materials - 0.1% | ||
Martin Marietta Materials Inc. | 288 | 86,181 |
Vulcan Materials Co. | 613 | 87,107 |
173,288 | ||
Consumer Electronics - 0.1% | ||
Garmin Ltd. | 700 | 68,775 |
State Street S&P 500 Index V.I.S. Fund | 5 |
Number of Shares | Fair Value | |
Consumer Finance - 0.5% | ||
American Express Co. | 2,863 | $ 396,869 |
Capital One Financial Corp. | 1,939 | 202,025 |
Discover Financial Services | 1,411 | 133,452 |
Synchrony Financial | 2,466 | 68,111 |
800,457 | ||
Copper - 0.1% | ||
Freeport-McMoRan Inc. | 6,962 | 203,708 |
Data Processing & Outsourced Services - 3.1% | ||
Automatic Data Processing Inc. | 2,006 | 421,340 |
Broadridge Financial Solutions Inc. | 562 | 80,113 |
Fidelity National Information Services Inc. | 2,954 | 270,793 |
Fiserv Inc. (a) | 2,836 | 252,319 |
FleetCor Technologies Inc. (a) | 388 | 81,523 |
Global Payments Inc. | 1,396 | 154,453 |
Jack Henry & Associates Inc. | 349 | 62,827 |
Mastercard Inc., Class A | 4,083 | 1,288,105 |
Paychex Inc. | 1,510 | 171,944 |
PayPal Holdings Inc. (a) | 5,607 | 391,593 |
Visa Inc., Class A | 7,830 | 1,541,649 |
4,716,659 | ||
Distillers & Vintners - 0.2% | ||
Brown-Forman Corp., Class B | 755 | 52,971 |
Constellation Brands Inc., Class A | 801 | 186,681 |
239,652 | ||
Distributors - 0.2% | ||
Genuine Parts Co. | 679 | 90,307 |
LKQ Corp. | 1,382 | 67,842 |
Pool Corp. | 200 | 70,246 |
228,395 | ||
Diversified Banks - 2.6% | ||
Bank of America Corp. | 34,046 | 1,059,852 |
Citigroup Inc. | 9,128 | 419,797 |
JPMorgan Chase & Co. | 13,979 | 1,574,175 |
U.S. Bancorp | 6,372 | 293,239 |
Wells Fargo & Co. | 17,928 | 702,240 |
4,049,303 | ||
Diversified Support Services - 0.2% | ||
Cintas Corp. | 415 | 155,015 |
Number of Shares | Fair Value | |
Copart Inc. (a) | 1,066 | $ 115,832 |
270,847 | ||
Drug Retail - 0.1% | ||
Walgreens Boots Alliance Inc. | 3,593 | 136,175 |
Electric Utilities - 1.9% | ||
Alliant Energy Corp. | 1,156 | 67,753 |
American Electric Power Company Inc. | 2,466 | 236,588 |
Constellation Energy Corp. | 1,611 | 92,246 |
Duke Energy Corp. | 3,657 | 392,067 |
Edison International | 1,870 | 118,259 |
Entergy Corp. | 900 | 101,376 |
Evergy Inc. | 1,088 | 70,992 |
Eversource Energy | 1,562 | 131,942 |
Exelon Corp. | 4,557 | 206,523 |
FirstEnergy Corp. | 2,859 | 109,757 |
NextEra Energy Inc. | 9,439 | 731,145 |
NRG Energy Inc. | 1,262 | 48,171 |
Pinnacle West Capital Corp. | 489 | 35,756 |
PPL Corp. | 3,455 | 93,734 |
The Southern Co. | 5,014 | 357,548 |
Xcel Energy Inc. | 2,501 | 176,971 |
2,970,828 | ||
Electrical Components & Equipment - 0.5% | ||
AMETEK Inc. | 1,093 | 120,110 |
Eaton Corporation PLC | 1,901 | 239,507 |
Emerson Electric Co. | 2,930 | 233,052 |
Generac Holdings Inc. (a) | 324 | 68,228 |
Rockwell Automation Inc. | 584 | 116,397 |
777,294 | ||
Electronic Components - 0.2% | ||
Amphenol Corp., Class A | 2,803 | 180,457 |
Corning Inc. | 3,647 | 114,917 |
295,374 | ||
Electronic Equipment & Instruments - 0.2% | ||
Keysight Technologies Inc. (a) | 898 | 123,789 |
Teledyne Technologies Inc. (a) | 223 | 83,650 |
Trimble Inc. (a) | 1,259 | 73,312 |
Zebra Technologies Corp., Class A (a) | 276 | 81,130 |
361,881 |
6 | State Street S&P 500 Index V.I.S. Fund |
Number of Shares | Fair Value | |
Electronic Manufacturing Services - 0.1% | ||
TE Connectivity Ltd. | 1,592 | $ 180,135 |
Environmental & Facilities Services - 0.3% | ||
Republic Services Inc. | 1,047 | 137,021 |
Rollins Inc. | 1,200 | 41,904 |
Waste Management Inc. | 1,806 | 276,282 |
455,207 | ||
Fertilizers & Agricultural Chemicals - 0.3% | ||
CF Industries Holdings Inc. | 949 | 81,358 |
Corteva Inc. | 3,558 | 192,630 |
FMC Corp. | 653 | 69,878 |
The Mosaic Co. | 1,727 | 81,566 |
425,432 | ||
Financial Exchanges & Data - 1.2% | ||
Cboe Global Markets Inc. | 438 | 49,577 |
CME Group Inc. | 1,702 | 348,400 |
FactSet Research Systems Inc. | 200 | 76,914 |
Intercontinental Exchange Inc. | 2,691 | 253,062 |
MarketAxess Holdings Inc. | 206 | 52,738 |
Moody's Corp. | 791 | 215,128 |
MSCI Inc. | 402 | 165,684 |
Nasdaq Inc. | 576 | 87,863 |
S&P Global Inc. | 1,677 | 565,250 |
1,814,616 | ||
Food Distributors - 0.1% | ||
Sysco Corp. | 2,353 | 199,323 |
Food Retail - 0.1% | ||
The Kroger Co. | 3,256 | 154,106 |
Footwear - 0.4% | ||
NIKE Inc., Class B | 6,057 | 619,025 |
Gas Utilities - 0.1% | ||
Atmos Energy Corp. | 700 | 78,470 |
General Merchandise Stores - 0.5% | ||
Dollar General Corp. | 1,062 | 260,657 |
Dollar Tree Inc. (a) | 1,061 | 165,357 |
Target Corp. | 2,159 | 304,916 |
730,930 |
Number of Shares | Fair Value | |
Gold - 0.2% | ||
Newmont Corp. | 3,799 | $ 226,686 |
Health Care REITs - 0.2% | ||
Healthpeak Properties Inc. | 2,669 | 69,154 |
Ventas Inc. | 1,922 | 98,849 |
Welltower Inc. | 2,144 | 176,558 |
344,561 | ||
Healthcare Distributors - 0.3% | ||
AmerisourceBergen Corp. | 755 | 106,818 |
Cardinal Health Inc. | 1,453 | 75,948 |
Henry Schein Inc. (a) | 663 | 50,879 |
McKesson Corp. | 697 | 227,368 |
461,013 | ||
Healthcare Equipment - 2.6% | ||
Abbott Laboratories | 8,420 | 914,833 |
ABIOMED Inc. (a) | 238 | 58,907 |
Baxter International Inc. | 2,481 | 159,355 |
Becton Dickinson & Co. | 1,328 | 327,392 |
Boston Scientific Corp. (a) | 6,846 | 255,150 |
Dexcom Inc. (a) | 1,892 | 141,011 |
Edwards Lifesciences Corp. (a) | 2,931 | 278,709 |
Hologic Inc. (a) | 1,277 | 88,496 |
IDEXX Laboratories Inc. (a) | 425 | 149,060 |
Intuitive Surgical Inc. (a) | 1,694 | 340,003 |
Medtronic PLC | 6,442 | 578,169 |
ResMed Inc. | 733 | 153,659 |
STERIS PLC | 500 | 103,075 |
Stryker Corp. | 1,584 | 315,105 |
Teleflex Inc. | 222 | 54,579 |
Zimmer Biomet Holdings Inc. | 987 | 103,694 |
4,021,197 | ||
Healthcare Facilities - 0.1% | ||
HCA Healthcare Inc. | 1,045 | 175,623 |
Universal Health Services Inc., Class B | 364 | 36,658 |
212,281 | ||
Healthcare Services - 0.8% | ||
Cigna Corp. | 1,509 | 397,652 |
CVS Health Corp. | 6,367 | 589,966 |
DaVita Inc. (a) | 358 | 28,626 |
Laboratory Corporation of America Holdings | 393 | 92,103 |
State Street S&P 500 Index V.I.S. Fund | 7 |
Number of Shares | Fair Value | |
Quest Diagnostics Inc. | 618 | $ 82,182 |
1,190,529 | ||
Healthcare Supplies - 0.1% | ||
Align Technology Inc. (a) | 364 | 86,148 |
DENTSPLY SIRONA Inc. | 977 | 34,908 |
The Cooper Companies Inc. | 257 | 80,472 |
201,528 | ||
Home Building - 0.2% | ||
D.R. Horton Inc. | 1,490 | 98,623 |
Lennar Corp., Class A | 1,244 | 87,789 |
NVR Inc. (a) | 17 | 68,071 |
PulteGroup Inc. | 1,305 | 51,717 |
306,200 | ||
Home Furnishings - 0.0%* | ||
Mohawk Industries Inc. (a) | 275 | 34,125 |
Home Improvement Retail - 1.2% | ||
Lowe's Companies Inc. | 3,190 | 557,197 |
The Home Depot Inc. | 4,914 | 1,347,763 |
1,904,960 | ||
Hotel & Resort REITs - 0.0%* | ||
Host Hotels & Resorts Inc. | 3,617 | 56,715 |
Hotels, Resorts & Cruise Lines - 0.5% | ||
Booking Holdings Inc. (a) | 193 | 337,555 |
Carnival Corp. (a) | 4,167 | 36,045 |
Expedia Group Inc. (a) | 753 | 71,407 |
Hilton Worldwide Holdings Inc. | 1,317 | 146,766 |
Marriott International Inc., Class A | 1,297 | 176,405 |
Norwegian Cruise Line Holdings Ltd. (a) | 2,096 | 23,308 |
Royal Caribbean Cruises Ltd. (a) | 1,156 | 40,356 |
831,842 | ||
Household Appliances - 0.0%* | ||
Whirlpool Corp. | 313 | 48,474 |
Household Products - 1.6% | ||
Church & Dwight Company Inc. | 1,223 | 113,323 |
Colgate-Palmolive Co. | 3,946 | 316,232 |
Kimberly-Clark Corp. | 1,594 | 215,429 |
The Clorox Co. | 617 | 86,985 |
Number of Shares | Fair Value | |
The Procter & Gamble Co. | 11,448 | $ 1,646,108 |
2,378,077 | ||
Housewares & Specialties - 0.0%* | ||
Newell Brands Inc. | 1,635 | 31,130 |
Human Resource & Employment Services - 0.0%* | ||
Robert Half International Inc. | 575 | 43,062 |
Hypermarkets & Super Centers - 1.2% | ||
Costco Wholesale Corp. | 2,131 | 1,021,346 |
Walmart Inc. | 6,652 | 808,750 |
1,830,096 | ||
Independent Power Producers & Energy Traders - 0.0%* | ||
The AES Corp. | 3,256 | 68,409 |
Industrial Conglomerates - 0.8% | ||
3M Co. | 2,704 | 349,924 |
General Electric Co. | 5,261 | 334,968 |
Honeywell International Inc. | 3,253 | 565,404 |
1,250,296 | ||
Industrial Gases - 0.6% | ||
Air Products & Chemicals Inc. | 1,056 | 253,947 |
Linde PLC (a) | 2,381 | 684,609 |
938,556 | ||
Industrial Machinery - 0.7% | ||
Dover Corp. | 706 | 85,652 |
Fortive Corp. | 1,584 | 86,138 |
IDEX Corp. | 340 | 61,754 |
Illinois Tool Works Inc. | 1,362 | 248,225 |
Ingersoll Rand Inc. | 1,949 | 82,014 |
Nordson Corp. | 237 | 47,978 |
Otis Worldwide Corp. | 1,990 | 140,633 |
Parker-Hannifin Corp. | 587 | 144,431 |
Pentair PLC | 696 | 31,856 |
Snap-on Inc. | 282 | 55,563 |
Stanley Black & Decker Inc. | 649 | 68,054 |
Xylem Inc. | 895 | 69,971 |
1,122,269 | ||
Industrial REITs - 0.3% | ||
Duke Realty Corp. | 1,853 | 101,822 |
Prologis Inc. | 3,527 | 414,952 |
516,774 |
8 | State Street S&P 500 Index V.I.S. Fund |
Number of Shares | Fair Value | |
Insurance Brokers - 0.6% | ||
Aon PLC, Class A | 1,028 | $ 277,231 |
Arthur J Gallagher & Co. | 1,027 | 167,442 |
Brown & Brown Inc. | 1,145 | 66,799 |
Marsh & McLennan Companies Inc. | 2,391 | 371,203 |
Willis Towers Watson PLC | 494 | 97,511 |
980,186 | ||
Integrated Oil & Gas - 2.2% | ||
Chevron Corp. | 9,266 | 1,341,531 |
Exxon Mobil Corp. | 20,062 | 1,718,110 |
Occidental Petroleum Corp. | 4,349 | 256,069 |
3,315,710 | ||
Integrated Telecommunication Services - 1.1% | ||
AT&T Inc. | 34,509 | 723,309 |
Verizon Communications Inc. | 20,000 | 1,015,000 |
1,738,309 | ||
Interactive Home Entertainment - 0.3% | ||
Activision Blizzard Inc. | 3,728 | 290,262 |
Electronic Arts Inc. | 1,378 | 167,634 |
Take-Two Interactive Software Inc. (a) | 579 | 70,945 |
528,841 | ||
Interactive Media & Services - 5.2% | ||
Alphabet Inc., Class C (a) | 1,315 | 2,876,497 |
Alphabet Inc., Class A (a) | 1,441 | 3,140,313 |
Match Group Inc. (a) | 1,443 | 100,563 |
Meta Platforms Inc., Class A (a) | 10,921 | 1,761,011 |
Twitter Inc. (a) | 3,651 | 136,511 |
8,014,895 | ||
Internet & Direct Marketing Retail - 3.0% | ||
Amazon.com Inc. (a) | 41,769 | 4,436,285 |
eBay Inc. | 2,497 | 104,050 |
Etsy Inc. (a) | 600 | 43,926 |
4,584,261 | ||
Internet Services & Infrastructure - 0.1% | ||
Akamai Technologies Inc. (a) | 794 | 72,516 |
VeriSign Inc. (a) | 498 | 83,330 |
155,846 |
Number of Shares | Fair Value | |
Investment Banking & Brokerage - 1.0% | ||
Morgan Stanley | 6,801 | $ 517,284 |
Raymond James Financial Inc. | 937 | 83,777 |
The Charles Schwab Corp. | 7,239 | 457,360 |
The Goldman Sachs Group Inc. | 1,634 | 485,331 |
1,543,752 | ||
IT Consulting & Other Services - 1.2% | ||
Accenture PLC, Class A | 3,043 | 844,889 |
Cognizant Technology Solutions Corp., Class A | 2,568 | 173,314 |
DXC Technology Co. (a) | 1,002 | 30,371 |
EPAM Systems Inc. (a) | 273 | 80,475 |
Gartner Inc. (a) | 412 | 99,634 |
International Business Machines Corp. | 4,297 | 606,693 |
1,835,376 | ||
Leisure Products - 0.0%* | ||
Hasbro Inc. | 692 | 56,661 |
Life & Health Insurance - 0.5% | ||
Aflac Inc. | 2,938 | 162,559 |
Globe Life Inc. | 457 | 44,544 |
Lincoln National Corp. | 863 | 40,362 |
MetLife Inc. | 3,295 | 206,893 |
Principal Financial Group Inc. | 1,011 | 67,525 |
Prudential Financial Inc. | 1,791 | 171,363 |
693,246 | ||
Life Sciences Tools & Services - 1.9% | ||
Agilent Technologies Inc. | 1,442 | 171,266 |
Bio-Rad Laboratories Inc., Class A (a) | 100 | 49,500 |
Bio-Techne Corp. | 200 | 69,328 |
Charles River Laboratories International Inc. (a) | 226 | 48,357 |
Danaher Corp. | 3,023 | 766,391 |
Illumina Inc. (a) | 744 | 137,164 |
IQVIA Holdings Inc. (a) | 934 | 202,669 |
Mettler-Toledo International Inc. (a) | 115 | 132,109 |
PerkinElmer Inc. | 651 | 92,585 |
Thermo Fisher Scientific Inc. | 1,857 | 1,008,871 |
Waters Corp. (a) | 268 | 88,703 |
State Street S&P 500 Index V.I.S. Fund | 9 |
Number of Shares | Fair Value | |
West Pharmaceutical Services Inc. | 347 | $ 104,922 |
2,871,865 | ||
Managed Healthcare - 2.3% | ||
Centene Corp. (a) | 2,719 | 230,055 |
Elevance Health Inc. | 1,149 | 554,484 |
Humana Inc. | 613 | 286,927 |
Molina Healthcare Inc. (a) | 300 | 83,883 |
UnitedHealth Group Inc. | 4,470 | 2,295,926 |
3,451,275 | ||
Metal & Glass Containers - 0.1% | ||
Ball Corp. | 1,464 | 100,679 |
Movies & Entertainment - 0.9% | ||
Live Nation Entertainment Inc. (a) | 639 | 52,769 |
Netflix Inc. (a) | 2,126 | 371,774 |
The Walt Disney Co. (a) | 8,669 | 818,353 |
Warner Bros Discovery Inc. (a) | 10,794 | 144,855 |
1,387,751 | ||
Multi-Line Insurance - 0.2% | ||
American International Group Inc. | 3,951 | 202,014 |
Assurant Inc. | 252 | 43,558 |
The Hartford Financial Services Group Inc. | 1,555 | 101,744 |
347,316 | ||
Multi-Sector Holdings - 1.5% | ||
Berkshire Hathaway Inc., Class B (a) | 8,623 | 2,354,251 |
Multi-Utilities - 1.0% | ||
Ameren Corp. | 1,242 | 112,227 |
CenterPoint Energy Inc. | 2,964 | 87,675 |
CMS Energy Corp. | 1,449 | 97,808 |
Consolidated Edison Inc. | 1,720 | 163,572 |
Dominion Energy Inc. | 3,862 | 308,226 |
DTE Energy Co. | 902 | 114,329 |
NiSource Inc. | 2,025 | 59,717 |
Public Service Enterprise Group Inc. | 2,307 | 145,987 |
Sempra Energy | 1,521 | 228,561 |
WEC Energy Group Inc. | 1,435 | 144,418 |
1,462,520 |
Number of Shares | Fair Value | |
Office REITs - 0.1% | ||
Alexandria Real Estate Equities Inc. | 700 | $ 101,521 |
Boston Properties Inc. | 678 | 60,328 |
Vornado Realty Trust | 811 | 23,187 |
185,036 | ||
Oil & Gas Equipment & Services - 0.3% | ||
Baker Hughes Co. | 4,506 | 130,088 |
Halliburton Co. | 4,215 | 132,183 |
Schlumberger N.V. | 6,604 | 236,159 |
498,430 | ||
Oil & Gas Exploration & Production - 1.1% | ||
APA Corp. | 1,822 | 63,588 |
ConocoPhillips | 6,230 | 559,516 |
Coterra Energy Inc. | 3,758 | 96,919 |
Devon Energy Corp. | 2,946 | 162,354 |
Diamondback Energy Inc. | 854 | 103,462 |
EOG Resources Inc. | 2,734 | 301,943 |
Hess Corp. | 1,291 | 136,768 |
Marathon Oil Corp. | 3,639 | 81,805 |
Pioneer Natural Resources Co. | 1,083 | 241,596 |
1,747,951 | ||
Oil & Gas Refining & Marketing - 0.4% | ||
Marathon Petroleum Corp. | 2,507 | 206,100 |
Phillips 66 | 2,160 | 177,098 |
Valero Energy Corp. | 1,988 | 211,285 |
594,483 | ||
Oil & Gas Storage & Transportation - 0.3% | ||
Kinder Morgan Inc. | 9,505 | 159,304 |
ONEOK Inc. | 2,165 | 120,157 |
The Williams Companies Inc. | 5,955 | 185,856 |
465,317 | ||
Packaged Foods & Meats - 1.0% | ||
Campbell Soup Co. | 1,076 | 51,702 |
Conagra Brands Inc. | 2,363 | 80,909 |
General Mills Inc. | 2,956 | 223,030 |
Hormel Foods Corp. | 1,297 | 61,426 |
Kellogg Co. | 1,286 | 91,743 |
Lamb Weston Holdings Inc. | 568 | 40,589 |
McCormick & Company Inc. | 1,210 | 100,733 |
Mondelez International Inc., Class A | 6,662 | 413,644 |
10 | State Street S&P 500 Index V.I.S. Fund |
Number of Shares | Fair Value | |
The Hershey Co. | 663 | $ 142,651 |
The J M Smucker Co. | 559 | 71,558 |
The Kraft Heinz Co. | 3,317 | 126,510 |
Tyson Foods Inc., Class A | 1,466 | 126,164 |
1,530,659 | ||
Paper Packaging - 0.2% | ||
Amcor PLC | 6,636 | 82,486 |
Avery Dennison Corp. | 351 | 56,816 |
International Paper Co. | 1,599 | 66,886 |
Packaging Corp. of America | 498 | 68,475 |
Sealed Air Corp. | 764 | 44,098 |
Westrock Co. | 1,358 | 54,103 |
372,864 | ||
Personal Products - 0.2% | ||
The Estee Lauder Companies Inc., Class A | 1,110 | 282,684 |
Pharmaceuticals - 4.8% | ||
Bristol-Myers Squibb Co. | 10,079 | 776,083 |
Catalent Inc. (a) | 902 | 96,776 |
Eli Lilly & Co. | 3,745 | 1,214,241 |
Johnson & Johnson | 12,601 | 2,236,804 |
Merck & Company Inc. | 12,066 | 1,100,057 |
Organon & Co. | 1,403 | 47,351 |
Pfizer Inc. | 26,846 | 1,407,536 |
Viatris Inc. | 6,235 | 65,280 |
Zoetis Inc. | 2,273 | 390,706 |
7,334,834 | ||
Property & Casualty Insurance - 0.9% | ||
Chubb Ltd. | 2,060 | 404,955 |
Cincinnati Financial Corp. | 723 | 86,023 |
Loews Corp. | 1,024 | 60,682 |
The Allstate Corp. | 1,382 | 175,141 |
The Progressive Corp. | 2,734 | 317,882 |
The Travelers Companies Inc. | 1,110 | 187,734 |
W R Berkley Corp. | 1,017 | 69,420 |
1,301,837 | ||
Publishing - 0.0%* | ||
News Corp., Class A | 2,096 | 32,655 |
News Corp., Class B | 748 | 11,886 |
44,541 | ||
Railroads - 0.8% | ||
CSX Corp. | 10,479 | 304,520 |
Norfolk Southern Corp. | 1,145 | 260,247 |
Number of Shares | Fair Value | |
Union Pacific Corp. | 3,024 | $ 644,958 |
1,209,725 | ||
Real Estate Services - 0.1% | ||
CBRE Group Inc., Class A (a) | 1,562 | 114,979 |
Regional Banks - 1.0% | ||
Citizens Financial Group Inc. | 2,100 | 74,949 |
Comerica Inc. | 648 | 47,550 |
Fifth Third Bancorp | 3,184 | 106,982 |
First Republic Bank | 899 | 129,636 |
Huntington Bancshares Inc. | 6,287 | 75,633 |
KeyCorp | 4,800 | 82,704 |
M&T Bank Corp. | 808 | 128,787 |
Regions Financial Corp. | 4,494 | 84,263 |
Signature Bank | 300 | 53,763 |
SVB Financial Group (a) | 267 | 105,462 |
The PNC Financial Services Group Inc. | 1,982 | 312,700 |
Truist Financial Corp. | 6,394 | 303,268 |
Zions Bancorp NA | 700 | 35,630 |
1,541,327 | ||
Reinsurance - 0.0%* | ||
Everest Re Group Ltd. | 200 | 56,056 |
Research & Consulting Services - 0.3% | ||
Equifax Inc. | 590 | 107,840 |
Jacobs Engineering Group Inc. | 664 | 84,414 |
Leidos Holdings Inc. | 645 | 64,958 |
Nielsen Holdings PLC | 1,799 | 41,773 |
Verisk Analytics Inc. | 795 | 137,607 |
436,592 | ||
Residential REITs - 0.4% | ||
AvalonBay Communities Inc. | 620 | 120,435 |
Camden Property Trust | 500 | 67,240 |
Equity Residential | 1,730 | 124,940 |
Essex Property Trust Inc. | 286 | 74,792 |
Mid-America Apartment Communities Inc. | 534 | 93,274 |
UDR Inc. | 1,498 | 68,968 |
549,649 | ||
Restaurants - 1.2% | ||
Chipotle Mexican Grill Inc. (a) | 133 | 173,866 |
Darden Restaurants Inc. | 608 | 68,777 |
Domino's Pizza Inc. | 182 | 70,927 |
State Street S&P 500 Index V.I.S. Fund | 11 |
Number of Shares | Fair Value | |
McDonald's Corp. | 3,547 | $ 875,683 |
Starbucks Corp. | 5,468 | 417,701 |
Yum! Brands Inc. | 1,428 | 162,092 |
1,769,046 | ||
Retail REITs - 0.3% | ||
Federal Realty Investment Trust | 394 | 37,721 |
Kimco Realty Corp. | 2,766 | 54,684 |
Realty Income Corp. | 2,600 | 177,476 |
Regency Centers Corp. | 820 | 48,634 |
Simon Property Group Inc. | 1,554 | 147,506 |
466,021 | ||
Semiconductor Equipment - 0.8% | ||
Applied Materials Inc. | 4,248 | 386,483 |
Enphase Energy Inc. (a) | 600 | 117,144 |
KLA Corp. | 703 | 224,313 |
Lam Research Corp. | 684 | 291,487 |
SolarEdge Technologies Inc. (a) | 271 | 74,167 |
Teradyne Inc. | 836 | 74,864 |
1,168,458 | ||
Semiconductors - 4.4% | ||
Advanced Micro Devices Inc. (a) | 7,659 | 585,684 |
Analog Devices Inc. | 2,534 | 370,192 |
Broadcom Inc. | 1,937 | 941,014 |
Intel Corp. | 19,374 | 724,781 |
Microchip Technology Inc. | 2,549 | 148,046 |
Micron Technology Inc. | 5,315 | 293,813 |
Monolithic Power Systems Inc. | 206 | 79,112 |
NVIDIA Corp. | 11,960 | 1,813,017 |
NXP Semiconductors N.V. | 1,236 | 182,965 |
ON Semiconductor Corp. (a) | 1,939 | 97,551 |
Qorvo Inc. (a) | 532 | 50,178 |
QUALCOMM Inc. | 5,294 | 676,256 |
Skyworks Solutions Inc. | 794 | 73,556 |
Texas Instruments Inc. | 4,431 | 680,823 |
6,716,988 | ||
Soft Drinks - 1.7% | ||
Keurig Dr Pepper Inc. | 3,313 | 117,247 |
Monster Beverage Corp. (a) | 1,737 | 161,020 |
PepsiCo Inc. | 6,637 | 1,106,122 |
The Coca-Cola Co. | 18,550 | 1,166,981 |
2,551,370 |
Number of Shares | Fair Value | |
Specialized REITs - 1.4% | ||
American Tower Corp. | 2,184 | $ 558,208 |
Crown Castle International Corp. | 2,067 | 348,041 |
Digital Realty Trust Inc. | 1,355 | 175,920 |
Equinix Inc. | 431 | 283,176 |
Extra Space Storage Inc. | 664 | 112,960 |
Iron Mountain Inc. | 1,483 | 72,207 |
Public Storage | 749 | 234,190 |
SBA Communications Corp. | 539 | 172,507 |
VICI Properties Inc. | 4,000 | 119,160 |
Weyerhaeuser Co. | 3,747 | 124,101 |
2,200,470 | ||
Specialty Chemicals - 0.7% | ||
Albemarle Corp. | 541 | 113,058 |
Celanese Corp. | 526 | 61,863 |
DuPont de Nemours Inc. | 2,529 | 140,562 |
Eastman Chemical Co. | 541 | 48,565 |
Ecolab Inc. | 1,147 | 176,363 |
International Flavors & Fragrances Inc. | 1,159 | 138,060 |
PPG Industries Inc. | 1,124 | 128,518 |
The Sherwin-Williams Co. | 1,110 | 248,540 |
1,055,529 | ||
Specialty Stores - 0.2% | ||
Bath & Body Works Inc. | 1,292 | 34,781 |
Tractor Supply Co. | 530 | 102,740 |
Ulta Beauty Inc. (a) | 271 | 104,465 |
241,986 | ||
Steel - 0.1% | ||
Nucor Corp. | 1,264 | 131,974 |
Systems Software - 6.8% | ||
Fortinet Inc. (a) | 3,265 | 184,734 |
Microsoft Corp. | 35,732 | 9,177,049 |
NortonLifeLock Inc. | 2,772 | 60,873 |
Oracle Corp. | 7,601 | 531,082 |
ServiceNow Inc. (a) | 942 | 447,940 |
10,401,678 | ||
Technology Distributors - 0.1% | ||
CDW Corp. | 600 | 94,536 |
Technology Hardware, Storage & Peripherals - 6.8% | ||
Apple Inc. | 73,466 | 10,044,271 |
12 | State Street S&P 500 Index V.I.S. Fund |
Number of Shares | Fair Value | |
Hewlett Packard Enterprise Co. | 6,633 | $ 87,954 |
HP Inc. | 5,029 | 164,851 |
NetApp Inc. | 1,158 | 75,548 |
Seagate Technology Holdings PLC | 1,002 | 71,583 |
Western Digital Corp. (a) | 1,358 | 60,879 |
10,505,086 | ||
Tobacco - 0.7% | ||
Altria Group Inc. | 8,770 | 366,323 |
Philip Morris International Inc. | 7,426 | 733,243 |
1,099,566 | ||
Trading Companies & Distributors - 0.2% | ||
Fastenal Co. | 2,665 | 133,037 |
United Rentals Inc. (a) | 363 | 88,176 |
WW Grainger Inc. | 207 | 94,067 |
315,280 | ||
Trucking - 0.1% | ||
JB Hunt Transport Services Inc. | 354 | 55,744 |
Old Dominion Freight Line Inc. | 449 | 115,070 |
170,814 |
Number of Shares | Fair Value | |
Water Utilities - 0.1% | ||
American Water Works Company Inc. | 817 | $ 121,545 |
Wireless Telecommunication Services - 0.3% | ||
T-Mobile US Inc. (a) | 2,815 | 378,730 |
Total Common Stock (Cost $53,033,084) | 152,543,336 | |
Short-Term Investments - 0.7% | ||
State Street Institutional Liquid Reserves Fund - Premier Class 1.49% (c)(d) (Cost $1,043,391) | 1,043,556 | 1,043,451 |
Total Investments (Cost $54,076,475) | 153,586,787 | |
Liabilities in Excess of Other Assets, net - (0.0)%* | (45,002) | |
NET ASSETS - 100.0% | $ 153,541,785 |
The Fund had the following long futures contracts open at June 30, 2022: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
S&P 500 E-Mini Index Futures | September 2022 | 6 | $ 1,123,474 | $ 1,136,850 | $ 13,376 |
(a) | Non-income producing security. |
(b) | State Street Corporation is the parent company of SSGA Funds Management, Inc., the Fund's investment adviser and administrator, and State Street Bank & Trust Co., the Fund’s sub-administrator, custodian and accounting agent. |
(c) | Sponsored by SSGA Funds Management, Inc., the Fund’s investment adviser and administrator, and an affiliate of State Street Bank & Trust Co., the Fund’s sub-administrator, custodian and accounting agent. |
(d) | Coupon amount represents effective yield. |
State Street S&P 500 Index V.I.S. Fund | 13 |
† | Percentages are based on net assets as of June 30, 2022. |
* | Less than 0.05%. |
Abbreviations: |
REIT - Real Estate Investment Trust |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Common Stock | $ 152,543,336 | $ — | $ — | $ 152,543,336 | |||
Short-Term Investments | 1,043,451 | — | — | 1,043,451 | |||
Total Investments in Securities | $ 153,586,787 | $ — | $ — | $ 153,586,787 | |||
Other Financial Instruments | |||||||
Long Futures Contracts - Unrealized Appreciation | $ 13,376 | $ — | $ — | $ 13,376 | |||
Total Other Financial Instruments | $ 13,376 | $ — | $ — | $ 13,376 |
Affiliate Table |
Number of Shares Held at 12/31/21 | Value at 12/31/21 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/22 | Value at 6/30/22 | Dividend Income | ||||||
State Street Corp. | 1,906 | $177,258 | $ 11,428 | $ 17,214 | $3,578 | $(61,922) | 1,835 | $ 113,128 | $2,092 | |||||
State Street Institutional Liquid Reserves Fund, Premier Class | 741,439 | 741,513 | 16,866,862 | 16,564,895 | (90) | 61 | 1,043,556 | 1,043,451 | 2,241 | |||||
TOTAL | $918,771 | $16,878,290 | $16,582,109 | $3,488 | $(61,861) | $1,156,579 | $4,333 |
14 | State Street S&P 500 Index V.I.S. Fund |
6/30/22 (a) | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | 12/31/17 | ||||||
Inception date | 4/15/85 | ||||||||||
Net asset value, beginning of period | $ 57.58 | $ 49.96 | $ 46.61 | $ 38.13 | $ 44.09 | $ 38.22 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income | 0.31 (b) | 0.60 (b) | 0.72 (b) | 0.75 (b) | 0.74 (b) | 0.71 (b) | |||||
Net realized and unrealized gains/(losses) on investments | (11.86) | 13.56 | 7.61 | 11.09 | (2.86) | 7.52 | |||||
Total income/(loss) from investment operations | (11.55) | 14.16 | 8.33 | 11.84 | (2.12) | 8.23 | |||||
Less distributions from: | |||||||||||
Net investment income | — | 0.66 | 0.88 | 0.62 | 0.80 | 0.79 | |||||
Net realized gains | — | 5.88 | 4.10 | 2.74 | 3.04 | 1.57 | |||||
Total distributions | — | 6.54 | 4.98 | 3.36 | 3.84 | 2.36 | |||||
Net asset value, end of period | $ 46.03 | $ 57.58 | $ 49.96 | $ 46.61 | $ 38.13 | $ 44.09 | |||||
Total Return(c) | (20.06)% | 28.27% | 17.92% | 31.05% | (4.73)% | 21.50% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $153,542 | $208,535 | $184,164 | $186,771 | $160,902 | $194,117 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 0.33% (d) | 0.31% | 0.31% | 0.34% | 0.33% | 0.32% | |||||
Gross expenses | 0.33% (d) | 0.31% | 0.31% | 0.34% | 0.33% | 0.32% | |||||
Net investment income | 1.22% (d) | 1.06% | 1.54% | 1.67% | 1.62% | 1.69% | |||||
Portfolio turnover rate | 4% | 2% | 3% | 2% | 2% | 2% |
Notes to Financial Highlights | |
(a) | Unaudited. |
(b) | Per share values have been calculated using the average shares method. |
(c) | Total returns are historical and assume changes in share price, reinvestment of dividends and capital gains distributions and do not include the effect of insurance contract charges. Past performance does not guarantee future results. |
(d) | Annualized for periods less than one year. |
Financial Highlights | 15 |
Assets | |
Investments in securities, at fair value (cost $52,937,532) | $ 152,430,208 |
Short-term affiliated investments, at fair value (cost $1,138,943) | 1,156,579 |
Cash | 2,185 |
Net cash collateral on deposit with broker for future contracts | 46,385 |
Income receivables | 121,221 |
Receivable for fund shares sold | 771 |
Receivable for accumulated variation margin on futures contracts | 13,390 |
Total assets | 153,770,739 |
Liabilities | |
Payable for fund shares redeemed | 121,757 |
Payable to the Adviser | 32,696 |
Payable for custody, fund accounting and sub-administration fees | 17,324 |
Accrued other expenses | 57,177 |
Total liabilities | 228,954 |
Net Assets | $ 153,541,785 |
Net Assets Consist of: | |
Capital paid in | $ 39,229,972 |
Total distributable earnings (loss) | 114,311,813 |
Net Assets | $ 153,541,785 |
Shares outstanding ($0.01 par value; unlimited shares authorized) | 3,335,396 |
Net asset value per share | $ 46.03 |
16 | Statement of Assets and Liabilities |
Investment Income | |
Income | |
Dividend | $ 1,388,391 |
Income from affiliated investments | 4,333 |
Less: Foreign taxes withheld | (330) |
Total income | 1,392,394 |
Expenses | |
Advisory and administration fees | 225,907 |
Directors' fees | 11,141 |
Custody, fund accounting and sub-administration fees | 19,406 |
Professional fees | 14,514 |
Printing and shareholder reports | 10,739 |
Other expenses | 12,701 |
Total expenses | 294,408 |
Net investment income | $ 1,097,986 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ 14,924,073 |
Affiliated investments | 3,488 |
Futures | (364,980) |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | (55,990,756) |
Affiliated investments | (61,861) |
Futures | 2,320 |
Net realized and unrealized gain (loss) on investments | (41,487,716) |
Net Decrease in Net Assets Resulting from Operations | $ (40,389,730) |
Statement of Operations | 17 |
Six Months Ended June 30, 2022(a) | Year Ended December 31, 2021 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income | $ 1,097,986 | $ 2,105,347 | |
Net realized gain (loss) on investments and futures | 14,562,581 | 16,895,748 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments and futures | (56,050,297) | 30,222,030 | |
Net increase (decrease) from operations | (40,389,730) | 49,223,125 | |
Distributions to shareholders: | |||
Total distributions | — | (21,320,690) | |
Increase (decrease) in assets from operations and distributions | (40,389,730) | 27,902,435 | |
Share transactions: | |||
Proceeds from sale of shares | 8,293,098 | 3,950,579 | |
Value of distributions reinvested | — | 21,320,690 | |
Cost of shares redeemed | (22,896,398) | (28,802,954) | |
Net increase (decrease) from share transactions | (14,603,300) | (3,531,685) | |
Total increase (decrease) in net assets | (54,993,030) | 24,370,750 | |
Net Assets | |||
Beginning of period | 208,534,815 | 184,164,065 | |
End of period | $ 153,541,785 | $ 208,534,815 | |
Changes in Fund Shares | |||
Shares sold | 152,727 | 71,717 | |
Issued for distributions reinvested | — | 368,360 | |
Shares redeemed | (438,960) | (504,853) | |
Net decrease in fund shares | (286,233) | (64,776) |
(a) | Unaudited. |
18 | Statements of Changes in Net Assets |
• | Equity investments traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value. |
• | Rights and warrants are valued at the last reported sale price obtained from independent pricing services or brokers on the valuation date. If no price is obtained from pricing services or brokers, valuation will be based upon the intrinsic value pursuant to the valuation policy and procedures approved by the Board. |
Notes to Financial Statements | 19 |
• | Investments in registered investment companies (including money market funds) or other unitized pooled investment vehicles that are not traded on an exchange are valued at that day’s published net asset value (“NAV”) per share or unit. |
• | Exchange-traded futures contracts are valued at the closing settlement price on the primary market on which they are traded most extensively. Exchange-traded futures contracts traded on a recognized exchange for which there were no sales on that day are valued at the last reported sale price obtained from independent pricing services or brokers or at fair value. |
• | Level 1 — Unadjusted quoted prices in active markets for an identical asset or liability; |
• | Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and |
• | Level 3 — Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments. |
20 | Notes to Financial Statements |
Asset Derivatives | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street S&P 500 Index V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ 13,390 | $ — | $ 13,390 |
Realized Gain/Loss | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street S&P 500 Index V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | (364,980) | $ — | $ (364,980) |
Notes to Financial Statements | 21 |
Net Change in Unrealized Appreciation (Depreciation) | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street S&P 500 Index V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ 2,320 | $ — | $ 2,320 |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 7,159,638 | $ 21,198,875 |
22 | Notes to Financial Statements |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 57,641,385 | $ 99,126,995 | $ 3,168,217 | $ 95,958,778 |
Notes to Financial Statements | 23 |
24 | Notes to Financial Statements |
Other Information | 25 |
26 | Other Information |
• | A report prepared by an independent third-party provider of investment company data, which includes for the Fund: |
○ | Comparisons of the Fund’s performance over the past one-, three-, five- and ten-year periods ended December 31, 2021, to the performance of an appropriate benchmark constructed by Broadridge Finacial Solutions, Inc. (“Broadridge”) for the Fund (the “Lipper Index”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”); |
○ | Comparisons of the Fund’s expense ratio (with detail of component expenses) to the expense ratios of a group of comparable mutual funds selected by the independent third-party data provider (the “Expense Group” and/or “Expense Universe”); |
○ | A chart showing the Fund’s historical average net assets relative to its total expenses, management fees, and non-management expenses over the past five calendar years; and |
○ | Comparisons of the Fund’s contractual management fee to the contractual management fees of comparable mutual funds at different asset levels. |
• | Comparative information concerning fees charged by the Adviser for managing institutional accounts using investment strategies and techniques similar to those used in managing the Fund; and |
• | Profitability analyses for (a) the Adviser with respect to the Fund and (b) affiliates of SSGA FM that provide services to the Fund (“Affiliated Service Providers”). |
• | Descriptions of the investment management services provided by the Adviser, including its investment strategies and processes; |
• | Information concerning the allocation of brokerage; and |
• | Information regarding the procedures and processes used to value the assets of the Fund. |
• | Reports detailing the financial results and condition of SSGA FM and its affiliates; |
• | Descriptions of the qualifications, education and experience of the individual investment and other professionals responsible for managing the portfolio of the Fund and for Fund operations; |
• | Information relating to compliance with and the administration of the Code of Ethics adopted by the Adviser; |
• | Information about the Adviser’s proxy voting policies and procedures and information regarding the Adviser’s practices for overseeing proxy vendors; |
• | Information concerning the resources devoted by the Adviser to overseeing compliance by the Fund and its service providers, including information concerning compliance with investment policies and restrictions and other operating policies of the Fund; |
• | A description of the adequacy and sophistication of the Adviser’s technology and systems with respect to investment and administrative matters and a description of any material improvements or changes in technology or systems in the past year; |
• | A description of the business continuity and disaster recovery plans of the Adviser; and |
• | Information regarding the Adviser’s risk management processes. |
• | Information concerning the nature, extent, quality and cost of services provided to the Fund by SSGA FM in its capacity as the Fund’s administrator (the “Administrator”); |
Other Information | 27 |
• | Information concerning the nature, extent, quality and cost of various non-investment management services provided to the Fund by affiliates of the Adviser, including the custodian, sub-administrator and fund accountant of the Fund, and the role of the Adviser in managing the Fund’s relationship with these service providers; |
• | Copies of the Advisory Agreement and agreements with other service providers of the Fund; |
• | Responses to a request for information reviewed prior to the April 6, 2022 and May 11-12, 2022 meetings by Independent Counsel, requesting specific information from each of: |
○ | SSGA FM, in its capacity as the Fund’s Adviser and Administrator, with respect to its operations relating to the Fund and its approximate profit margins from such operations for the calendar year ended December 31, 2021; and the relevant operations of other Affiliated Service Providers to the Fund, together with their approximate profit margins from such relevant operations for the calendar year ended December 31, 2021; |
○ | State Street Bank and Trust Company (“State Street”), the sub-administrator, custodian, and fund accountant for the Fund, with respect to its operations relating to the Fund; and |
○ | State Street Global Advisors Funds Distributors, LLC, the principal underwriter and distributor of the shares of the Fund (the “Distributor”), with respect to its operations relating to the Fund, together with the Fund’s related distribution plans and arrangements under Rule 12b-1 of the 1940 Act; |
• | Information from SSGA FM, State Street, and the Distributor with respect to the Fund, providing any material changes to the previous information supplied in response to the letter from Independent Counsel prior to the executive session of the Board on May 11-12, 2022; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
28 | Other Information |
Other Information | 29 |
30 | Other Information |
State Street Small-Cap Equity V.I.S. Fund |
Page | |
1 | |
4 | |
Financial Statements | |
12 | |
13 | |
14 | |
15 | |
16 | |
22 |
State Street Small-Cap Equity V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $26,162 (in thousands) as of June 30, 2022 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2022 (as a % of Fair Value) (a)(b) | |
MGP Ingredients Inc. | 1.63% |
Ritchie Bros Auctioneers Inc. | 1.48% |
Ingevity Corp. | 1.30% |
Dycom Industries Inc. | 1.26% |
Darling Ingredients Inc. | 1.18% |
John Wiley & Sons Inc., Class A | 1.07% |
Dorman Products Inc. | 1.01% |
The Brink's Co. | 1.00% |
Stepan Co. | 1.00% |
MSA Safety Inc. | 0.99% |
(a) | Fair Value basis is inclusive of a short-term investment in the State Street Institutional U.S. Government Money Market Fund Class G Shares. |
(b) | The securities information regarding holdings, allocations and other characteristics is presented to illustrate examples of securities that the Fund has bought and the diversity of areas in which the Fund may invest as of a particular date. It may not be representative of the Fund’s current or future investments and should not be construed as a recommendation to purchase or sell a particular security. |
2 | State Street Small-Cap Equity V.I.S. Fund |
Actual Fund Return | Hypothetical 5% Return (2.5% for the period) | ||
Beginning Account Value January 1, 2022 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2022 | $ 789.00 | $1,018.30 | |
Expenses Paid During Period* | $ 5.81 | $ 6.56 |
* | Expenses are equal to the Fund's annualized expense ratio of 1.31% (for the period January 1, 2022 - June 30, 2022), multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
State Street Small-Cap Equity V.I.S. Fund | 3 |
Number of Shares | Fair Value | |
Common Stock - 95.0% † | ||
Aerospace & Defense - 0.2% | ||
Woodward Inc. | 641 | $ 59,286 |
Agricultural & Farm Machinery - 0.8% | ||
AGCO Corp. | 2,057 | 203,026 |
Agricultural Products - 1.2% | ||
Darling Ingredients Inc. (a) | 5,184 | 310,003 |
Airlines - 0.0%* | ||
Allegiant Travel Co. (a) | 85 | 9,613 |
Aluminum - 0.0%* | ||
Alcoa Corp. | 260 | 11,851 |
Apparel Retail - 0.4% | ||
American Eagle Outfitters Inc. | 4,166 | 46,576 |
The Buckle Inc. | 2,213 | 61,278 |
107,854 | ||
Application Software - 5.9% | ||
ACI Worldwide Inc. (a) | 3,901 | 100,997 |
Alarm.com Holdings Inc. (a) | 866 | 53,571 |
Altair Engineering Inc., Class A (a) | 1,602 | 84,105 |
Asana Inc., Class A (a) | 1,725 | 30,326 |
Avalara Inc. (a) | 326 | 23,016 |
Blackbaud Inc. (a) | 2,859 | 166,022 |
Blackline Inc. (a) | 3,353 | 223,310 |
Envestnet Inc. (a) | 1,090 | 57,519 |
Five9 Inc. (a) | 265 | 24,152 |
Freshworks Inc., Class A Revenue (a) | 6,740 | 88,631 |
Model N Inc. (a) | 1,017 | 26,015 |
New Relic Inc. (a) | 2,960 | 148,148 |
Paycor HCM Inc. | 710 | 18,460 |
Paylocity Holding Corp. (a) | 320 | 55,814 |
Pegasystems Inc. | 594 | 28,417 |
PROS Holdings Inc. (a) | 610 | 16,000 |
Q2 Holdings Inc. (a) | 3,060 | 118,024 |
SPS Commerce Inc. (a) | 654 | 73,935 |
The Descartes Systems Group Inc. (a) | 551 | 34,195 |
Vertex Inc., Class A (a) | 2,758 | 31,248 |
Workiva Inc. (a) | 2,356 | 155,472 |
1,557,377 | ||
Auto Parts & Equipment - 1.4% | ||
Dana Inc. | 3,359 | 47,261 |
Number of Shares | Fair Value | |
Dorman Products Inc. (a) | 2,414 | $ 264,840 |
Gentex Corp. | 1,122 | 31,382 |
LCI Industries | 322 | 36,026 |
379,509 | ||
Automobile Manufacturers - 0.7% | ||
Thor Industries Inc. | 2,509 | 187,498 |
Automotive Retail - 1.7% | ||
America's Car-Mart Inc. (a) | 412 | 41,447 |
Group 1 Automotive Inc. | 735 | 124,803 |
Monro Inc. | 1,040 | 44,596 |
Murphy USA Inc. | 1,022 | 237,993 |
448,839 | ||
Biotechnology - 0.9% | ||
Avid Bioservices Inc. (a) | 3,462 | 52,830 |
Emergent BioSolutions Inc. (a) | 1,798 | 55,810 |
Halozyme Therapeutics Inc. (a) | 1,118 | 49,192 |
Heron Therapeutics Inc. (a) | 10,418 | 29,066 |
Veracyte Inc. (a) | 2,390 | 47,561 |
234,459 | ||
Brewers - 0.5% | ||
The Boston Beer Company Inc., Class A (a) | 422 | 127,853 |
Building Products - 1.1% | ||
CSW Industrials Inc. | 890 | 91,696 |
Gibraltar Industries Inc. (a) | 1,997 | 77,384 |
Hayward Holdings Inc. (a) | 2,530 | 36,407 |
Insteel Industries Inc. | 822 | 27,677 |
UFP Industries Inc. | 711 | 48,447 |
281,611 | ||
Commodity Chemicals - 0.1% | ||
Hawkins Inc. | 944 | 34,012 |
Communications Equipment - 0.2% | ||
Cambium Networks Corp. (a) | 1,329 | 19,470 |
Extreme Networks Inc. (a) | 3,583 | 31,960 |
Lumentum Holdings Inc. (a) | 133 | 10,563 |
61,993 | ||
Computer & Electronics Retail - 0.1% | ||
Rent-A-Center Inc. | 1,286 | 25,013 |
4 | State Street Small-Cap Equity V.I.S. Fund |
Number of Shares | Fair Value | |
Construction & Engineering - 1.8% | ||
Dycom Industries Inc. (a) | 3,552 | $ 330,478 |
IES Holdings Inc. (a) | 728 | 21,964 |
Valmont Industries Inc. | 254 | 57,056 |
WillScot Mobile Mini Holdings Corp. (a) | 1,736 | 56,281 |
465,779 | ||
Construction Machinery & Heavy Trucks - 0.7% | ||
Alamo Group Inc. | 500 | 58,215 |
Astec Industries Inc. | 921 | 37,558 |
The Greenbrier Companies Inc. | 1,303 | 46,895 |
Wabash National Corp. | 3,758 | 51,034 |
193,702 | ||
Construction Materials - 0.1% | ||
Eagle Materials Inc. | 260 | 28,584 |
Consumer Finance - 0.3% | ||
PRA Group Inc. (a) | 814 | 29,597 |
PROG Holdings Inc. (a) | 2,450 | 40,425 |
70,022 | ||
Data Processing & Outsourced Services - 0.9% | ||
CSG Systems International Inc. | 2,008 | 119,837 |
Shift4 Payments Inc., Class A (a) | 580 | 19,175 |
Verra Mobility Corp. (a) | 6,210 | 97,559 |
236,571 | ||
Distillers & Vintners - 1.6% | ||
MGP Ingredients Inc. | 4,266 | 426,984 |
Distributors - 0.7% | ||
LKQ Corp. | 3,648 | 179,080 |
Diversified Metals & Mining - 0.2% | ||
Compass Minerals International Inc. | 1,152 | 40,769 |
Materion Corp. | 293 | 21,603 |
62,372 | ||
Diversified REITs - 0.3% | ||
Alpine Income Property Trust Inc. | 1,871 | 33,528 |
American Assets Trust Inc. | 1,316 | 39,085 |
Number of Shares | Fair Value | |
Essential Properties Realty Trust Inc. | 869 | $ 18,675 |
91,288 | ||
Diversified Support Services - 2.5% | ||
Healthcare Services Group Inc. | 5,349 | 93,126 |
IAA Inc. (a) | 2,796 | 91,625 |
Matthews International Corp., Class A | 1,855 | 53,183 |
Ritchie Bros Auctioneers Inc. | 5,962 | 387,888 |
UniFirst Corp. | 174 | 29,959 |
655,781 | ||
Education Services - 0.7% | ||
Grand Canyon Education Inc. (a) | 675 | 63,578 |
Stride Inc. (a) | 2,634 | 107,441 |
171,019 | ||
Electric Utilities - 0.9% | ||
ALLETE Inc. | 340 | 19,985 |
IDACORP Inc. | 2,095 | 221,903 |
241,888 | ||
Electrical Components & Equipment - 0.4% | ||
Acuity Brands Inc. | 157 | 24,184 |
Atkore Inc. (a) | 334 | 27,726 |
Regal Rexnord Corp. | 410 | 46,543 |
98,453 | ||
Electronic Components - 1.3% | ||
Belden Inc. | 3,011 | 160,396 |
II-VI Inc. (a) | 742 | 37,805 |
Littelfuse Inc. | 607 | 154,202 |
352,403 | ||
Electronic Equipment & Instruments - 0.8% | ||
National Instruments Corp. | 3,661 | 114,333 |
Novanta Inc. (a) | 820 | 99,441 |
213,774 | ||
Electronic Manufacturing Services - 0.2% | ||
Plexus Corp. (a) | 524 | 41,134 |
Environmental & Facilities Services - 0.6% | ||
Clean Harbors Inc. (a) | 1,211 | 106,169 |
State Street Small-Cap Equity V.I.S. Fund | 5 |
Number of Shares | Fair Value | |
Montrose Environmental Group Inc. (a) | 1,520 | $ 51,315 |
157,484 | ||
Food Distributors - 0.4% | ||
Performance Food Group Co. (a) | 2,261 | 103,961 |
Footwear - 0.6% | ||
Deckers Outdoor Corp. (a) | 387 | 98,820 |
Wolverine World Wide Inc. | 2,450 | 49,392 |
148,212 | ||
General Merchandise Stores - 0.1% | ||
Ollie's Bargain Outlet Holdings Inc. (a) | 505 | 29,669 |
Health Care REITs - 0.2% | ||
Community Healthcare Trust Inc. | 1,432 | 51,853 |
Healthcare Distributors - 0.7% | ||
AdaptHealth Corp. (a) | 5,024 | 90,633 |
Covetrus Inc. (a) | 4,395 | 91,196 |
181,829 | ||
Healthcare Equipment - 4.1% | ||
AtriCure Inc. (a) | 1,960 | 80,086 |
Axonics Inc. (a) | 1,340 | 75,938 |
Cardiovascular Systems Inc. (a) | 3,000 | 43,080 |
CONMED Corp. | 1,610 | 154,173 |
Glaukos Corp. (a) | 523 | 23,755 |
Globus Medical Inc., Class A (a) | 2,110 | 118,455 |
Heska Corp. (a) | 276 | 26,085 |
Integra LifeSciences Holdings Corp. (a) | 3,290 | 177,759 |
LeMaitre Vascular Inc. | 553 | 25,189 |
Masimo Corp. (a) | 165 | 21,560 |
Omnicell Inc. (a) | 1,004 | 114,205 |
Outset Medical Inc. (a) | 2,100 | 31,206 |
Penumbra Inc. (a) | 740 | 92,145 |
SI-BONE Inc. (a) | 2,210 | 29,172 |
Tandem Diabetes Care Inc. (a) | 1,180 | 69,844 |
1,082,652 |
Number of Shares | Fair Value | |
Healthcare Facilities - 1.3% | ||
Acadia Healthcare Company Inc. (a) | 2,657 | $ 179,693 |
Hanger Inc. (a) | 3,990 | 57,137 |
The Ensign Group Inc. | 800 | 58,776 |
The Pennat Group Inc. (a) | 1,239 | 15,871 |
U.S. Physical Therapy Inc. | 354 | 38,657 |
350,134 | ||
Healthcare Services - 1.6% | ||
Addus HomeCare Corp. (a) | 558 | 46,470 |
Amedisys Inc. (a) | 568 | 59,708 |
AMN Healthcare Services Inc. (a) | 957 | 104,992 |
Castle Biosciences Inc. (a) | 2,126 | 46,666 |
Chemed Corp. | 92 | 43,184 |
MEDNAX Inc. (a) | 2,221 | 46,663 |
Oak Street Health Inc. (a) | 979 | 16,095 |
Privia Health Group Inc. (a) | 1,688 | 49,155 |
412,933 | ||
Healthcare Supplies - 0.6% | ||
BioLife Solutions Inc. (a) | 3,375 | 46,609 |
ICU Medical Inc. (a) | 173 | 28,439 |
Neogen Corp. (a) | 1,013 | 24,403 |
OrthoPediatrics Corp. (a) | 485 | 20,928 |
Pulmonx Corp. (a) | 2,640 | 38,861 |
159,240 | ||
Healthcare Technology - 1.1% | ||
Certara Inc. (a) | 1,425 | 30,580 |
Definitive Healthcare Corp. (a) | 1,221 | 27,998 |
Inspire Medical Systems Inc. (a) | 840 | 153,443 |
NextGen Healthcare Inc. (a) | 2,586 | 45,100 |
Phreesia Inc. (a) | 819 | 20,483 |
277,604 | ||
Home Building - 0.7% | ||
Cavco Industries Inc. (a) | 222 | 43,510 |
Green Brick Partners Inc. (a) | 1,727 | 33,798 |
Taylor Morrison Home Corp. (a) | 3,248 | 75,873 |
TopBuild Corp. (a) | 239 | 39,951 |
193,132 | ||
Home Furnishing Retail - 0.2% | ||
The Aaron's Company Inc. | 3,447 | 50,154 |
6 | State Street Small-Cap Equity V.I.S. Fund |
Number of Shares | Fair Value | |
Home Improvement Retail - 0.2% | ||
Floor & Decor Holdings Inc., Class A (a) | 654 | $ 41,176 |
Hotel & Resort REITs - 0.5% | ||
RLJ Lodging Trust | 7,921 | 87,368 |
Sunstone Hotel Investors Inc. (a) | 4,077 | 40,444 |
127,812 | ||
Household Appliances - 0.1% | ||
Helen of Troy Ltd. (a) | 233 | 37,842 |
Household Products - 0.3% | ||
Central Garden & Pet Co., Class A (a) | 1,980 | 79,220 |
Industrial Machinery - 7.8% | ||
Albany International Corp., Class A | 600 | 47,274 |
Altra Industrial Motion Corp. (b) | 7,126 | 251,191 |
Barnes Group Inc. | 5,729 | 178,401 |
Chart Industries Inc. (a) | 185 | 30,965 |
Crane Holdings Co. | 2,511 | 219,863 |
Enerpac Tool Group Corp. | 12,534 | 238,397 |
ESCO Technologies Inc. | 1,480 | 101,188 |
Evoqua Water Technologies Corp. (a) | 5,130 | 166,776 |
John Bean Technologies Corp. | 1,960 | 216,423 |
Kadant Inc. | 213 | 38,841 |
Kornit Digital Ltd. (a) | 721 | 22,856 |
Mueller Industries Inc. | 2,453 | 130,720 |
Proto Labs Inc. (a) | 196 | 9,377 |
RBC Bearings Inc. (a) | 460 | 85,077 |
Standex International Corp. | 750 | 63,585 |
The Timken Co. | 4,674 | 247,956 |
2,048,890 | ||
Industrial REITs - 0.7% | ||
EastGroup Properties Inc. | 1,114 | 171,923 |
Innovative Industrial Properties Inc. | 93 | 10,218 |
182,141 | ||
Insurance Brokers - 0.4% | ||
BRP Group Inc., Class A (a) | 4,180 | 100,947 |
Number of Shares | Fair Value | |
Goosehead Insurance Inc., Class A | 364 | $ 16,624 |
117,571 | ||
Interactive Media & Services - 0.0%* | ||
Vimeo Inc. (a) | 1,070 | 6,441 |
Internet & Direct Marketing Retail - 0.3% | ||
Fiverr International Ltd. (a) | 357 | 12,277 |
Overstock.com Inc. (a) | 803 | 20,083 |
Porch Group Inc. (a) | 2,200 | 5,632 |
Revolve Group Inc. (a) | 1,114 | 28,864 |
ThredUp Inc., Class A (a) | 2,091 | 5,227 |
72,083 | ||
Internet Services & Infrastructure - 0.3% | ||
Squarespace Inc., Class A (a) | 1,267 | 26,506 |
Switch Inc., Class A | 1,296 | 43,416 |
69,922 | ||
Investment Banking & Brokerage - 1.0% | ||
Piper Sandler Cos. | 440 | 49,878 |
Raymond James Financial Inc. | 1,725 | 154,232 |
Stifel Financial Corp. | 1,036 | 58,037 |
262,147 | ||
IT Consulting & Other Services - 0.8% | ||
Globant S.A. (a) | 424 | 73,776 |
Grid Dynamics Holdings Inc. (a) | 1,814 | 30,511 |
Perficient Inc. (a) | 221 | 20,264 |
Unisys Corp. (a) | 6,570 | 79,037 |
203,588 | ||
Leisure Products - 1.6% | ||
Malibu Boats Inc., Class A (a) | 3,220 | 169,726 |
Polaris Inc. | 2,445 | 242,740 |
412,466 | ||
Life & Health Insurance - 0.4% | ||
American Equity Investment Life Holding Co. | 1,398 | 51,125 |
Trupanion Inc. (a) | 672 | 40,495 |
91,620 | ||
Life Sciences Tools & Services - 2.9% | ||
Azenta Inc. | 1,174 | 84,645 |
Bruker Corp. | 2,261 | 141,900 |
State Street Small-Cap Equity V.I.S. Fund | 7 |
Number of Shares | Fair Value | |
ICON PLC (a) | 640 | $ 138,688 |
Medpace Holdings Inc. (a) | 274 | 41,010 |
Repligen Corp. (a) | 956 | 155,254 |
Syneos Health Inc. (a) | 2,907 | 208,374 |
769,871 | ||
Managed Healthcare - 0.1% | ||
Progyny Inc. (a) | 779 | 22,630 |
Marine - 0.2% | ||
Kirby Corp. (a) | 682 | 41,493 |
Metal & Glass Containers - 0.4% | ||
TriMas Corp. | 3,880 | 107,437 |
Multi-Line Insurance - 0.3% | ||
Horace Mann Educators Corp. | 1,868 | 71,694 |
Multi-Utilities - 0.2% | ||
Avista Corp. | 909 | 39,551 |
Office REITs - 0.9% | ||
Corporate Office Properties Trust | 1,136 | 29,752 |
Cousins Properties Inc. | 3,824 | 111,775 |
Easterly Government Properties Inc. | 4,388 | 83,548 |
225,075 | ||
Office Services & Supplies - 1.0% | ||
MSA Safety Inc. | 2,143 | 259,453 |
Oil & Gas Drilling - 0.1% | ||
Helmerich & Payne Inc. | 688 | 29,625 |
Oil & Gas Equipment & Services - 0.5% | ||
ChampionX Corp. | 2,293 | 45,516 |
Oil States International Inc. (a) | 16,203 | 87,820 |
133,336 | ||
Oil & Gas Exploration & Production - 1.5% | ||
Denbury Inc. (a) | 546 | 32,754 |
Northern Oil & Gas Inc. | 2,622 | 66,232 |
PDC Energy Inc. | 4,043 | 249,089 |
Southwestern Energy Co. (a) | 5,664 | 35,400 |
383,475 | ||
Oil & Gas Refining & Marketing - 0.2% | ||
HF Sinclair Corp. | 1,137 | 51,347 |
Number of Shares | Fair Value | |
Packaged Foods & Meats - 2.9% | ||
Calavo Growers Inc. | 1,149 | $ 47,936 |
Freshpet Inc. (a) | 1,702 | 88,317 |
Hostess Brands Inc. (a) | 6,510 | 138,077 |
J&J Snack Foods Corp. | 670 | 93,572 |
Lancaster Colony Corp. | 1,200 | 154,536 |
Sanderson Farms Inc. | 93 | 20,045 |
The Simply Good Foods Co. (a) | 3,370 | 127,285 |
Utz Brands Inc. | 6,110 | 84,440 |
754,208 | ||
Paper Packaging - 0.1% | ||
Ranpak Holdings Corp. (a) | 2,320 | 16,240 |
Personal Products - 0.6% | ||
BellRing Brands Inc. (a) | 1,749 | 43,533 |
elf Beauty Inc. (a) | 3,525 | 108,147 |
151,680 | ||
Pharmaceuticals - 0.1% | ||
ANI Pharmaceuticals Inc. (a) | 434 | 12,877 |
Property & Casualty Insurance - 2.2% | ||
AMERISAFE Inc. | 1,112 | 57,835 |
Argo Group International Holdings Ltd. | 3,720 | 137,119 |
James River Group Holdings Ltd. | 2,570 | 63,685 |
Palomar Holdings Inc. (a) | 1,050 | 67,620 |
RLI Corp. | 958 | 111,693 |
Selective Insurance Group Inc. | 1,700 | 147,798 |
585,750 | ||
Publishing - 1.1% | ||
John Wiley & Sons Inc., Class A | 5,880 | 280,829 |
Regional Banks - 8.4% | ||
1st Source Corp. | 981 | 44,537 |
Bank OZK | 1,222 | 45,862 |
BankUnited Inc. | 1,110 | 39,483 |
Banner Corp. | 402 | 22,596 |
Cadence Bank | 1,595 | 37,451 |
Community Bank System Inc. | 1,100 | 69,608 |
Cullen/Frost Bankers Inc. | 957 | 111,443 |
CVB Financial Corp. | 3,130 | 77,655 |
8 | State Street Small-Cap Equity V.I.S. Fund |
Number of Shares | Fair Value | |
Enterprise Financial Services Corp. | 941 | $ 39,051 |
Equity Bancshares Inc., Class A | 685 | 19,975 |
FB Financial Corp. | 507 | 19,885 |
First Interstate BancSystem Inc., Class A | 1,857 | 70,770 |
Fulton Financial Corp. | 5,416 | 78,261 |
German American Bancorp Inc. | 1,560 | 53,321 |
Home BancShares Inc. | 963 | 20,001 |
HomeStreet Inc. | 1,498 | 51,936 |
Independent Bank Corp. | 3,143 | 249,648 |
Meta Financial Group Inc. | 142 | 5,491 |
National Bank Holdings Corp., Class A | 1,589 | 60,811 |
Origin Bancorp Inc. | 1,315 | 51,022 |
PacWest Bancorp | 1,473 | 39,270 |
Peapack-Gladstone Financial Corp. | 1,037 | 30,799 |
Pinnacle Financial Partners Inc. | 494 | 35,721 |
Prosperity Bancshares Inc. | 3,106 | 212,047 |
Renasant Corp. | 3,781 | 108,931 |
Sandy Spring Bancorp Inc. | 910 | 35,554 |
Stock Yards Bancorp Inc. | 750 | 44,865 |
Texas Capital Bancshares Inc. (a) | 834 | 43,902 |
UMB Financial Corp. | 1,570 | 135,177 |
United Community Banks Inc. | 1,088 | 32,847 |
Washington Federal Inc. | 865 | 25,967 |
Washington Trust Bancorp Inc. | 590 | 28,538 |
Westamerica BanCorp | 1,641 | 91,338 |
Western Alliance Bancorp | 1,486 | 104,912 |
Wintrust Financial Corp. | 736 | 58,990 |
2,197,665 | ||
Research & Consulting Services - 0.5% | ||
Exponent Inc. | 526 | 48,113 |
Resources Connection Inc. | 4,650 | 94,721 |
142,834 | ||
Residential REITs - 0.3% | ||
NexPoint Residential Trust Inc. | 1,087 | 67,948 |
Restaurants - 1.1% | ||
Bloomin' Brands Inc. | 1,666 | 27,689 |
Shake Shack Inc., Class A (a) | 910 | 35,927 |
Number of Shares | Fair Value | |
Texas Roadhouse Inc. | 1,006 | $ 73,639 |
The Cheesecake Factory Inc. | 1,862 | 49,194 |
Wingstop Inc. | 1,210 | 90,472 |
276,921 | ||
Retail REITs - 0.2% | ||
Kite Realty Group Trust | 2,707 | 46,804 |
The Macerich Co. | 1,262 | 10,992 |
57,796 | ||
Security & Alarm Services - 1.0% | ||
The Brink's Co. | 4,323 | 262,449 |
Semiconductor Equipment - 1.3% | ||
CMC Materials Inc. | 1,206 | 210,435 |
Ichor Holdings Ltd. (a) | 986 | 25,616 |
Onto Innovation Inc. (a) | 1,537 | 107,191 |
343,242 | ||
Semiconductors - 0.9% | ||
Diodes Inc. (a) | 312 | 20,146 |
MaxLinear Inc. (a) | 636 | 21,611 |
Power Integrations Inc. | 614 | 46,056 |
Semtech Corp. (a) | 2,126 | 116,866 |
SMART Global Holdings Inc. (a) | 1,566 | 25,636 |
230,315 | ||
Soft Drinks - 0.3% | ||
Primo Water Corp. | 6,308 | 84,401 |
Zevia PBC, Class A (a) | 1,460 | 4,103 |
88,504 | ||
Specialized Consumer Services - 0.2% | ||
European Wax Center Inc., Class A | 1,820 | 32,068 |
OneSpaWorld Holdings Ltd. (a) | 4,093 | 29,347 |
61,415 | ||
Specialized REITs - 0.3% | ||
National Storage Affiliates Trust | 882 | 44,162 |
PotlatchDeltic Corp. | 654 | 28,900 |
73,062 | ||
Specialty Chemicals - 4.0% | ||
Avient Corp. | 4,003 | 160,440 |
HB Fuller Co. | 368 | 22,157 |
State Street Small-Cap Equity V.I.S. Fund | 9 |
Number of Shares | Fair Value | |
Ingevity Corp. (a) | 5,366 | $ 338,809 |
Innospec Inc. | 1,110 | 106,327 |
Quaker Chemical Corp. | 591 | 88,366 |
Sensient Technologies Corp. | 980 | 78,949 |
Stepan Co. | 2,587 | 262,193 |
1,057,241 | ||
Specialty Stores - 0.8% | ||
Five Below Inc. (a) | 483 | 54,787 |
Leslie's Inc. (a) | 4,790 | 72,712 |
National Vision Holdings Inc. (a) | 945 | 25,987 |
Sally Beauty Holdings Inc. (a) | 5,090 | 60,673 |
214,159 | ||
Steel - 0.4% | ||
Carpenter Technology Corp. | 786 | 21,937 |
Commercial Metals Co. | 2,508 | 83,015 |
104,952 | ||
Systems Software - 0.8% | ||
Ping Identity Holding Corp. (a) | 5,028 | 91,208 |
Tenable Holdings Inc. (a) | 2,610 | 118,520 |
209,728 | ||
Technology Hardware, Storage & Peripherals - 0.9% | ||
Corsair Gaming Inc. (a) | 2,884 | 37,867 |
Pure Storage Inc., Class A (a) | 7,710 | 198,224 |
236,091 | ||
Thrifts & Mortgage Finance - 0.7% | ||
Flagstar Bancorp Inc. | 480 | 17,016 |
Number of Shares | Fair Value | |
WSFS Financial Corp. | 4,090 | $ 163,968 |
180,984 | ||
Trading Companies & Distributors - 1.9% | ||
Applied Industrial Technologies Inc. | 2,252 | 216,575 |
McGrath RentCorp. | 408 | 31,008 |
Transcat Inc. (a) | 475 | 26,985 |
Univar Solutions Inc. (a) | 9,204 | 228,903 |
503,471 | ||
Trucking - 0.5% | ||
Saia Inc. (a) | 733 | 137,804 |
Total Common Stock (Cost $21,500,119) | 24,903,559 | |
Short-Term Investments - 4.8% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 1.47% (c)(d) (Cost $1,258,805) | 1,258,805 | 1,258,805 |
Total Investments (Cost $22,758,924) | 26,162,364 | |
Other Assets and Liabilities, net - 0.2% | 50,367 | |
NET ASSETS - 100.0% | $ 26,212,731 |
The Fund had the following long futures contracts open at June 30, 2022: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
E-Mini Russell 2000 Index Futures | September 2022 | 4 | $ 343,160 | $ 341,600 | $ (1,560) |
10 | State Street Small-Cap Equity V.I.S. Fund |
(a) | Non-income producing security. |
(b) | At June 30, 2022, all or a portion of this security was pledged to cover collateral requirements for futures. |
(c) | Sponsored by SSGA Funds Management, Inc., the Fund’s investment adviser and administrator, and an affiliate of State Street Bank & Trust Co., the Fund’s sub-administrator, custodian and accounting agent. |
(d) | Coupon amount represents effective yield. |
† | Percentages are based on net assets as of June 30, 2022. |
* | Less than 0.05%. |
Abbreviations: |
REIT - Real Estate Investment Trust |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Common Stock | $ 24,903,559 | $ — | $ — | $ 24,903,559 | |||
Short-Term Investments | 1,258,805 | — | — | 1,258,805 | |||
Total Investments in Securities | $ 26,162,364 | $ — | $ — | $ 26,162,364 | |||
Other Financial Instruments | |||||||
Long Futures Contracts - Unrealized Depreciation | $ (1,560) | $ — | $ — | $ (1,560) | |||
Total Other Financial Instruments | $ (1,560) | $ — | $ — | $ (1,560) |
Affiliate Table |
Number of Shares Held at 12/31/21 | Value at 12/31/21 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/22 | Value at 6/30/22 | Dividend Income | |
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 1,150,765 | $1,150,765 | $7,078,558 | $6,970,518 | $— | $— | 1,258,805 | $1,258,805 | $2,618 |
State Street Small-Cap Equity V.I.S. Fund | 11 |
6/30/22 (a) | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | 12/31/17 | ||||||
Inception date | 4/28/00 | ||||||||||
Net asset value, beginning of period | $ 14.93 | $ 14.66 | $ 13.16 | $ 11.24 | $ 14.73 | $ 14.40 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment loss(b) | (0.02) | (0.04) | (0.01) | (0.00) (c) | (0.02) | (0.02) | |||||
Net realized and unrealized gains/(losses) on investments | (3.13) | 3.06 | 1.92 | 2.94 | (1.43) | 1.86 | |||||
Total income/(loss) from investment operations | (3.15) | 3.02 | 1.91 | 2.94 | (1.45) | 1.84 | |||||
Less distributions from: | |||||||||||
Net investment income | — | — | — | — | — | — | |||||
Net realized gains | — | 2.75 | 0.41 | 1.02 | 2.04 | 1.51 | |||||
Total distributions | — | 2.75 | 0.41 | 1.02 | 2.04 | 1.51 | |||||
Net asset value, end of period | $ 11.78 | $ 14.93 | $ 14.66 | $ 13.16 | $ 11.24 | $ 14.73 | |||||
Total Return(d) | (21.10)% | 20.53% | 14.53% | 26.12% | (9.70)% | 12.71% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $26,213 | $36,890 | $34,621 | $33,600 | $30,781 | $40,711 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 1.31% (e) | 1.21% | 1.27% | 1.240% | 1.20% | 1.25% | |||||
Gross expenses | 1.31% (e) | 1.21% | 1.27% | 1.24% | 1.20% | 1.25% | |||||
Net investment loss | (0.30)% (e) | (0.22)% | (0.06)% | (0.02)% | (0.13)% | (0.13)% | |||||
Portfolio turnover rate | 12% | 39% | 37% | 29% | 33% | 32% |
Notes to Financial Highlights | |
(a) | Unaudited. |
(b) | Per share values have been calculated using the average shares method. |
(c) | Rounds to less than $0.01. |
(d) | Total returns are historical and assume changes in share price, reinvestment of dividends and capital gains distributions and do not include the effect of insurance contract charges. Past performance does not guarantee future results. |
(e) | Annualized for periods less than one year. |
12 | Financial Highlights |
Assets | |
Investments in securities, at fair value (cost $21,500,119) | $ 24,903,559 |
Short-term affiliated investments, at fair value | 1,258,805 |
Cash | 413 |
Net cash collateral on deposit with broker for future contracts | 23,042 |
Receivable for investments sold | 85,026 |
Income receivables | 15,106 |
Receivable for fund shares sold | 5,452 |
Income receivable from affiliated investments | 1,382 |
Total assets | 26,292,785 |
Liabilities | |
Payable for investments purchased | 12,368 |
Payable for fund shares redeemed | 703 |
Payable for accumulated variation margin on futures contracts | 1,550 |
Payable to the Adviser | 21,230 |
Payable for custody, fund accounting and sub-administration fees | 12,936 |
Accrued other expenses | 31,267 |
Total liabilities | 80,054 |
Net Assets | $ 26,212,731 |
Net Assets Consist of: | |
Capital paid in | $ 21,635,825 |
Total distributable earnings (loss) | 4,576,906 |
Net Assets | $ 26,212,731 |
Shares outstanding ($0.01 par value; unlimited shares authorized) | 2,224,324 |
Net asset value per share | $ 11.78 |
Statement of Assets and Liabilities | 13 |
Investment Income | |
Income | |
Dividend | $ 151,535 |
Income from affiliated investments | 2,618 |
Less: Foreign taxes withheld | (585) |
Total income | 153,568 |
Expenses | |
Advisory and administration fees | 145,088 |
Directors' fees | 10,654 |
Custody, fund accounting and sub-administration fees | 15,455 |
Professional fees | 22,166 |
Other expenses | 5,929 |
Total expenses | 199,292 |
Net investment income | $ (45,724) |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ 829,556 |
Futures | (96,821) |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | (8,066,685) |
Futures | (18,899) |
Net realized and unrealized gain (loss) on investments | (7,352,849) |
Net Decrease in Net Assets Resulting from Operations | $ (7,398,573) |
14 | Statement of Operations |
Six Months Ended June 30, 2022(a) | Year Ended December 31, 2021 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment loss | $ (45,724) | $ (81,073) | |
Net realized gain (loss) on investments and futures | 732,735 | 5,951,794 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments and futures | (8,085,584) | 1,033,639 | |
Net increase (decrease) from operations | (7,398,573) | 6,904,360 | |
Distributions to shareholders: | |||
Total distributions | — | (5,746,437) | |
Increase (decrease) in assets from operations and distributions | (7,398,573) | 1,157,923 | |
Share transactions: | |||
Proceeds from sale of shares | 128,117 | 1,272,737 | |
Value of distributions reinvested | — | 5,746,438 | |
Cost of shares redeemed | (3,406,760) | (5,908,523) | |
Net increase (decrease) from share transactions | (3,278,643) | 1,110,652 | |
Total increase (decrease) in net assets | (10,677,216) | 2,268,575 | |
Net Assets | |||
Beginning of period | 36,889,947 | 34,621,372 | |
End of period | $ 26,212,731 | $ 36,889,947 | |
Changes in Fund Shares | |||
Shares sold | 9,712 | 75,094 | |
Issued for distributions reinvested | — | 384,120 | |
Shares redeemed | (255,854) | (351,122) | |
Net increase (decrease) in fund shares | (246,142) | 108,092 |
(a) | Unaudited. |
Statements of Changes in Net Assets | 15 |
• | Equity investments traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value. |
• | Investments in registered investment companies (including money market funds) or other unitized pooled investment vehicles that are not traded on an exchange are valued at that day’s published net asset value (“NAV”) per share or unit. |
16 | Notes to Financial Statements |
• | Exchange-traded futures contracts are valued at the closing settlement price on the primary market on which they are traded most extensively. Exchange-traded futures contracts traded on a recognized exchange for which there were no sales on that day are valued at the last reported sale price obtained from independent pricing services or brokers or at fair value. |
• | Level 1 — Unadjusted quoted prices in active markets for an identical asset or liability; |
• | Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and |
• | Level 3 — Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments. |
Notes to Financial Statements | 17 |
Liability Derivatives | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Small-Cap Equity V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ 1,550 | $ — | $ 1,550 |
Realized Gain/Loss | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Small-Cap Equity V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ (96,821) | $ — | $ (96,821) |
18 | Notes to Financial Statements |
Net Change in Unrealized Appreciation (Depreciation) | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Small-Cap Equity V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ (18,899) | $ — | $ (18,899) |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 3,542,850 | $ 7,007,088 |
Notes to Financial Statements | 19 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 24,400,405 | $ 4,572,456 | $ 2,812,057 | $ 1,760,399 |
20 | Notes to Financial Statements |
Notes to Financial Statements | 21 |
22 | Other Information |
Other Information | 23 |
• | A report prepared by an independent third-party provider of investment company data, which includes for the Fund: |
○ | Comparisons of the Fund’s performance over the past one-, three-, five- and ten-year periods ended December 31, 2021, to the performance of an appropriate benchmark constructed by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Lipper Index”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”); |
○ | Comparisons of the Fund’s expense ratio (with detail of component expenses) to the expense ratios of a group of comparable mutual funds selected by the independent third-party data provider (the “Expense Group” and/or “Expense Universe”); |
○ | A chart showing the Fund’s historical average net assets relative to its total expenses, management fees, and non-management expenses over the past five calendar years; and |
○ | Comparisons of the Fund’s contractual management fee to the contractual management fees of comparable mutual funds at different asset levels. |
• | Comparative information concerning fees charged by the Adviser and Sub-Advisers for managing institutional accounts using investment strategies and techniques similar to those used in managing the Fund; and |
• | Profitability analyses for (a) the Adviser and Sub-Advisers with respect to the Fund and (b) affiliates of SSGA FM that provide services to the Fund (“Affiliated Service Providers”). |
• | Descriptions of the investment management services provided by the Adviser and Sub-Advisers, including their investment strategies and processes; |
• | Information concerning the allocation of brokerage; and |
• | Information regarding the procedures and processes used to value the assets of the Fund. |
• | Reports detailing the financial results and condition of SSGA FM and its affiliates, as well as of the Sub-Advisers; |
• | Descriptions of the qualifications, education and experience of the individual investment and other professionals responsible for managing the portfolio of the Fund and for Fund operations; |
• | Information relating to compliance with and the administration of the Codes of Ethics adopted by the Adviser and Sub-Advisers; |
• | Information about the Adviser’s and each Sub-Adviser’s proxy voting policies and procedures and information regarding the Adviser’s and each Sub-Adviser’s practices for overseeing proxy vendors; |
• | Information concerning the resources devoted by the Adviser and Sub-Advisers to overseeing compliance by the Fund and its service providers, including information concerning compliance with investment policies and restrictions and other operating policies of the Fund; |
• | A description of the adequacy and sophistication of the Adviser’s and Sub-Advisers’ technology and systems with respect to investment and administrative matters and a description of any material improvements or changes in technology or systems in the past year; |
• | A description of the business continuity and disaster recovery plans of the Adviser and Sub-Advisers; and |
• | Information regarding the Adviser’s and Sub-Advisers’ risk management processes. |
24 | Other Information |
• | Information concerning the nature, extent, quality and cost of services provided to the Fund by SSGA FM in its capacity as the Fund’s administrator (the “Administrator”); |
• | Information concerning the nature, extent, quality and cost of various non-investment management services provided to the Fund by affiliates of the Adviser, including the custodian, sub-administrator and fund accountant of the Fund, and the role of the Adviser in managing the Fund’s relationship with these service providers; |
• | Copies of the Advisory Agreement and Sub-Advisory Agreements and agreements with other service providers of the Fund; |
• | Responses to a request for information reviewed prior to the April 6, 2022 and May 11-12, 2022 meetings by Independent Counsel, requesting specific information from each of: |
○ | SSGA FM, in its capacity as the Fund’s Adviser and Administrator, with respect to its operations relating to the Fund and its approximate profit margins from such operations for the calendar year ended December 31, 2021; and the relevant operations of other Affiliated Service Providers to the Fund, together with their approximate profit margins from such relevant operations for the calendar year ended December 31, 2021; |
○ | The Sub-Advisers, with respect to their operations relating to the Fund and their approximate profitability from such operations for the calendar year ended December 31, 2021; |
○ | State Street Bank and Trust Company (“State Street”), the sub-administrator, custodian, and fund accountant for the Fund, with respect to its operations relating to the Fund; and |
○ | State Street Global Advisors Funds Distributors, LLC, the principal underwriter and distributor of the shares of the Fund (the “Distributor”), with respect to its operations relating to the Fund, together with the Fund’s related distribution plans and arrangements under Rule 12b-1 of the 1940 Act; |
• | Information from SSGA FM, State Street, the Distributor and the Sub-Advisers with respect to the Fund, providing any material changes to the previous information supplied in response to the letter from Independent Counsel prior to the executive session of the Board on May 11-12, 2022; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
Other Information | 25 |
26 | Other Information |
Other Information | 27 |
28 | Other Information |
State Street U.S. Equity V.I.S. Fund |
Page | |
1 | |
4 | |
Financial Statements | |
8 | |
9 | |
10 | |
11 | |
12 | |
18 |
State Street U.S. Equity V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $21,743 (in thousands) as of June 30, 2022 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2022 (as a % of Fair Value) (a)(b) | |
Microsoft Corp. | 6.25% |
Apple Inc. | 5.30% |
Amazon.com Inc. | 3.88% |
Alphabet Inc., Class A | 3.60% |
Johnson & Johnson | 2.63% |
Visa Inc., Class A | 2.49% |
UnitedHealth Group Inc. | 2.31% |
NextEra Energy Inc. | 2.19% |
Mastercard Inc., Class A | 1.97% |
Merck & Company Inc. | 1.87% |
(a) | Fair Value basis is inclusive of a short-term investment in the State Street Institutional U.S. Government Money Market Fund Class G Shares. |
(b) | The securities information regarding holdings, allocations and other characteristics is presented to illustrate examples of securities that the Fund has bought and the diversity of areas in which the Fund may invest as of a particular date. It may not be representative of the Fund’s current or future investments and should not be construed as a recommendation to purchase or sell a particular security. |
2 | State Street U.S. Equity V.I.S. Fund |
Actual Fund Return | Hypothetical 5% Return (2.5% for the period) | ||
Beginning Account Value January 1, 2022 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2022 | $ 796.80 | $1,020.50 | |
Expenses Paid During Period* | $ 3.88 | $ 4.36 |
* | Expenses are equal to the Fund's annualized expense ratio of 0.87% (for the period January 1, 2022 - June 30, 2022), multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
State Street U.S. Equity V.I.S. Fund | 3 |
Number of Shares | Fair Value | |
Common Stock - 97.3% † | ||
Aerospace & Defense - 0.7% | ||
Raytheon Technologies Corp. | 1,658 | $ 159,350 |
Apparel Retail - 0.8% | ||
Ross Stores Inc. | 2,621 | 184,073 |
Application Software - 3.0% | ||
Adobe Inc. (a) | 293 | 107,255 |
Intuit Inc. | 106 | 40,857 |
salesforce.com Inc. (a) | 2,315 | 382,068 |
Splunk Inc. (a) | 1,279 | 113,140 |
643,320 | ||
Asset Management & Custody Banks - 0.1% | ||
Blackstone Inc. | 296 | 27,004 |
Auto Parts & Equipment - 0.6% | ||
Magna International Inc. | 2,194 | 120,451 |
Automobile Manufacturers - 0.9% | ||
Ford Motor Co. | 8,862 | 98,634 |
Tesla Inc. (a) | 144 | 96,973 |
195,607 | ||
Automotive Retail - 0.8% | ||
O'Reilly Automotive Inc. (a) | 271 | 171,207 |
Biotechnology - 1.7% | ||
BioMarin Pharmaceutical Inc. (a) | 1,178 | 97,621 |
Vertex Pharmaceuticals Inc. (a) | 959 | 270,236 |
367,857 | ||
Building Products - 0.8% | ||
Allegion PLC | 543 | 53,160 |
Trane Technologies PLC | 857 | 111,298 |
164,458 | ||
Cable & Satellite - 1.4% | ||
Charter Communications Inc., Class A (a) | 128 | 59,972 |
Comcast Corp., Class A | 6,276 | 246,270 |
306,242 | ||
Communications Equipment - 0.1% | ||
Cisco Systems Inc. | 715 | 30,488 |
Number of Shares | Fair Value | |
Construction Materials - 0.3% | ||
Martin Marietta Materials Inc. | 192 | $ 57,454 |
Data Processing & Outsourced Services - 5.8% | ||
Fidelity National Information Services Inc. | 2,933 | 268,868 |
Mastercard Inc., Class A | 1,357 | 428,107 |
PayPal Holdings Inc. (a) | 242 | 16,901 |
Visa Inc., Class A | 2,755 | 542,432 |
1,256,308 | ||
Diversified Banks - 1.5% | ||
JPMorgan Chase & Co. | 2,938 | 330,848 |
Diversified Support Services - 0.4% | ||
Cintas Corp. | 246 | 91,888 |
Electric Utilities - 2.2% | ||
NextEra Energy Inc. | 6,138 | 475,450 |
Electrical Components & Equipment - 0.1% | ||
Generac Holdings Inc. (a) | 130 | 27,375 |
Electronic Components - 1.3% | ||
Amphenol Corp., Class A | 3,153 | 202,990 |
Corning Inc. | 2,348 | 73,986 |
276,976 | ||
Environmental & Facilities Services - 0.6% | ||
Waste Management Inc. | 787 | 120,395 |
Financial Exchanges & Data - 2.2% | ||
CME Group Inc. | 673 | 137,763 |
S&P Global Inc. | 981 | 330,656 |
468,419 | ||
Footwear - 0.1% | ||
NIKE Inc., Class B | 193 | 19,725 |
Healthcare Equipment - 3.5% | ||
Becton Dickinson & Co. | 324 | 79,876 |
Boston Scientific Corp. (a) | 7,236 | 269,686 |
Edwards Lifesciences Corp. (a) | 624 | 59,336 |
IDEXX Laboratories Inc. (a) | 150 | 52,609 |
Medtronic PLC | 1,789 | 160,563 |
Teleflex Inc. | 200 | 49,170 |
Zimmer Biomet Holdings Inc. | 879 | 92,348 |
763,588 |
4 | State Street U.S. Equity V.I.S. Fund |
Number of Shares | Fair Value | |
Healthcare Services - 0.4% | ||
Cigna Corp. | 348 | $ 91,705 |
Home Improvement Retail - 1.6% | ||
Lowe's Companies Inc. | 1,589 | 277,551 |
The Home Depot Inc. | 244 | 66,922 |
344,473 | ||
Hotels, Resorts & Cruise Lines - 0.4% | ||
Marriott International Inc., Class A | 585 | 79,566 |
Household Products - 1.4% | ||
Colgate-Palmolive Co. | 1,111 | 89,035 |
The Procter & Gamble Co. | 1,529 | 219,855 |
308,890 | ||
Hypermarkets & Super Centers - 1.0% | ||
Costco Wholesale Corp. | 152 | 72,851 |
Walmart Inc. | 1,144 | 139,087 |
211,938 | ||
Industrial Conglomerates - 1.4% | ||
Honeywell International Inc. | 1,780 | 309,382 |
Industrial Gases - 1.5% | ||
Air Products & Chemicals Inc. | 1,343 | 322,965 |
Industrial Machinery - 1.3% | ||
Parker-Hannifin Corp. | 1,022 | 251,463 |
Xylem Inc. | 290 | 22,672 |
274,135 | ||
Insurance Brokers - 0.3% | ||
Marsh & McLennan Companies Inc. | 428 | 66,447 |
Integrated Oil & Gas - 0.8% | ||
Chevron Corp. | 1,259 | 182,278 |
Interactive Home Entertainment - 0.3% | ||
Activision Blizzard Inc. | 770 | 59,952 |
Interactive Media & Services - 6.4% | ||
Alphabet Inc., Class C (a)(b) | 130 | 284,369 |
Alphabet Inc., Class A (a) | 359 | 782,354 |
Meta Platforms Inc., Class A (a) | 2,025 | 326,531 |
1,393,254 |
Number of Shares | Fair Value | |
Internet & Direct Marketing Retail - 3.9% | ||
Amazon.com Inc. (a)(b) | 7,940 | $ 843,307 |
Investment Banking & Brokerage - 1.2% | ||
The Charles Schwab Corp. | 4,267 | 269,589 |
IT Consulting & Other Services - 0.4% | ||
Accenture PLC, Class A | 287 | 79,686 |
Life & Health Insurance - 0.1% | ||
Lincoln National Corp. | 558 | 26,098 |
Life Sciences Tools & Services - 1.3% | ||
IQVIA Holdings Inc. (a) | 1,291 | 280,134 |
Managed Healthcare - 2.8% | ||
Humana Inc. | 233 | 109,060 |
UnitedHealth Group Inc. | 976 | 501,303 |
610,363 | ||
Movies & Entertainment - 0.9% | ||
The Walt Disney Co. (a) | 2,002 | 188,989 |
Multi-Line Insurance - 0.3% | ||
American International Group Inc. | 1,303 | 66,622 |
Multi-Sector Holdings - 1.3% | ||
Berkshire Hathaway Inc., Class B (a) | 1,013 | 276,569 |
Multi-Utilities - 0.8% | ||
Sempra Energy | 1,190 | 178,821 |
Oil & Gas Equipment & Services - 0.6% | ||
Schlumberger N.V. | 3,889 | 139,071 |
Oil & Gas Exploration & Production - 2.5% | ||
ConocoPhillips | 4,284 | 384,746 |
Pioneer Natural Resources Co. | 700 | 156,156 |
540,902 | ||
Packaged Foods & Meats - 0.7% | ||
Mondelez International Inc., Class A | 2,510 | 155,846 |
Personal Products - 0.4% | ||
The Estee Lauder Companies Inc., Class A | 355 | 90,408 |
State Street U.S. Equity V.I.S. Fund | 5 |
Number of Shares | Fair Value | |
Pharmaceuticals - 5.8% | ||
AstraZeneca PLC ADR | 1,340 | $ 88,534 |
Bristol-Myers Squibb Co. | 1,931 | 148,687 |
Elanco Animal Health Inc. (a) | 2,421 | 47,524 |
Johnson & Johnson | 3,218 | 571,227 |
Merck & Company Inc. | 4,463 | 406,892 |
1,262,864 | ||
Property & Casualty Insurance - 1.2% | ||
Chubb Ltd. | 1,371 | 269,511 |
Railroads - 0.7% | ||
Union Pacific Corp. | 704 | 150,149 |
Regional Banks - 2.5% | ||
First Republic Bank | 2,174 | 313,491 |
Regions Financial Corp. | 4,110 | 77,062 |
SVB Financial Group (a) | 390 | 154,046 |
544,599 | ||
Restaurants - 0.7% | ||
McDonald's Corp. | 631 | 155,781 |
Semiconductor Equipment - 1.3% | ||
Applied Materials Inc. | 3,052 | 277,671 |
Semiconductors - 4.7% | ||
Advanced Micro Devices Inc. (a) | 4,102 | 313,680 |
NVIDIA Corp. | 1,269 | 192,368 |
QUALCOMM Inc. | 3,073 | 392,545 |
Texas Instruments Inc. | 864 | 132,753 |
1,031,346 | ||
Soft Drinks - 1.2% | ||
Monster Beverage Corp. (a) | 779 | 72,213 |
PepsiCo Inc. | 1,163 | 193,826 |
266,039 | ||
Specialized REITs - 1.6% | ||
American Tower Corp. | 1,386 | 354,248 |
Number of Shares | Fair Value | |
Specialty Chemicals - 0.7% | ||
DuPont de Nemours Inc. | 971 | $ 53,968 |
Ecolab Inc. | 298 | 45,821 |
PPG Industries Inc. | 519 | 59,342 |
159,131 | ||
Systems Software - 7.4% | ||
Microsoft Corp. | 5,293 | 1,359,401 |
Oracle Corp. | 1,172 | 81,888 |
ServiceNow Inc. (a) | 358 | 170,236 |
1,611,525 | ||
Technology Hardware, Storage & Peripherals - 5.3% | ||
Apple Inc. | 8,433 | 1,152,960 |
Trading Companies & Distributors - 1.0% | ||
United Rentals Inc. (a) | 937 | 227,607 |
Trucking - 0.0%* | ||
Lyft Inc., Class A (a) | 691 | 9,176 |
Wireless Telecommunication Services - 0.3% | ||
T-Mobile US Inc. (a) | 504 | 67,808 |
Total Common Stock (Cost $15,218,987) | 21,190,288 | |
Short-Term Investments - 2.5% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 1.47% (c)(d) (Cost $552,752) | 552,752 | 552,752 |
Total Investments (Cost $15,771,739) | 21,743,040 | |
Other Assets and Liabilities, net - 0.2% | 37,098 | |
NET ASSETS - 100.0% | $ 21,780,138 |
6 | State Street U.S. Equity V.I.S. Fund |
The Fund had the following long futures contracts open at June 30, 2022: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
S&P 500 E-Mini Index Futures | September 2022 | 2 | $ 374,036 | $ 378,950 | $ 4,914 |
(a) | Non-income producing security. |
(b) | At June 30, 2022, all or a portion of this security was pledged to cover collateral requirements for futures. |
(c) | Sponsored by SSGA Funds Management, Inc., the Fund’s investment adviser and administrator, and an affiliate of State Street Bank & Trust Co., the Fund’s sub-administrator, custodian and accounting agent. |
(d) | Coupon amount represents effective yield. |
† | Percentages are based on net assets as of June 30, 2022. |
* | Less than 0.05%. |
Abbreviations: |
ADR - American Depositary Receipt |
REIT - Real Estate Investment Trust |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Common Stock | $ 21,190,288 | $ — | $ — | $ 21,190,288 | |||
Short-Term Investments | 552,752 | — | — | 552,752 | |||
Total Investments in Securities | $ 21,743,040 | $ — | $ — | $ 21,743,040 | |||
Other Financial Instruments | |||||||
Long Futures Contracts - Unrealized Appreciation | $ 4,914 | $ — | $ — | $ 4,914 | |||
Total Other Financial Instruments | $ 4,914 | $ — | $ — | $ 4,914 |
Affiliate Table |
Number of Shares Held at 12/31/21 | Value at 12/31/21 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/22 | Value at 6/30/22 | Dividend Income | |
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 742,013 | $742,013 | $2,801,844 | $2,991,105 | $— | $— | 552,752 | $552,752 | $1,018 |
State Street U.S. Equity V.I.S. Fund | 7 |
6/30/22 (a) | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | 12/31/17 | ||||||
Inception date | 1/3/95 | ||||||||||
Net asset value, beginning of period | $ 56.55 | $ 53.28 | $ 46.97 | $ 38.07 | $ 44.20 | $ 42.02 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income(b) | 0.10 | 0.18 | 0.27 | 0.33 | 0.37 | 0.35 | |||||
Net realized and unrealized gains/(losses) on investments | (11.59) | 13.47 | 10.34 | 11.78 | (1.90) | 8.03 | |||||
Total income/(loss) from investment operations | (11.49) | 13.65 | 10.61 | 12.11 | (1.53) | 8.38 | |||||
Less distributions from: | |||||||||||
Net investment income | — | 0.22 | 0.27 | 0.32 | 0.41 | 0.38 | |||||
Net realized gains | — | 10.16 | 4.03 | 2.89 | 4.19 | 5.82 | |||||
Total distributions | — | 10.38 | 4.30 | 3.21 | 4.60 | 6.20 | |||||
Net asset value, end of period | $ 45.06 | $ 56.55 | $ 53.28 | $ 46.97 | $ 38.07 | $ 44.20 | |||||
Total Return(c) | (20.32)% | 25.49% | 22.64% | 31.77% | (3.40)% | 19.91% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $21,780 | $29,595 | $27,729 | $25,951 | $23,473 | $28,308 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 0.87% (d) | 0.82% | 0.86% | 0.88% | 0.80% | 0.85% | |||||
Gross expenses | 0.87% (d) | 0.82% | 0.86% | 0.88% | 0.80% | 0.85% | |||||
Net investment income | 0.38% (d) | 0.30% | 0.56% | 0.74% | 0.81% | 0.75% | |||||
Portfolio turnover rate | 15% | 32% | 38% | 31% | 41% | 80% |
Notes to Financial Highlights | |
(a) | Unaudited. |
(b) | Per share values have been calculated using the average shares method. |
(c) | Total returns are historical and assume changes in share price, reinvestment of dividends and capital gains distributions and do not include the effect of insurance contract charges. Past performance does not guarantee future results. |
(d) | Annualized for periods less than one year. |
8 | Financial Highlights |
Assets | |
Investments in securities, at fair value (cost $15,218,987) | $ 21,190,288 |
Short-term affiliated investments, at fair value | 552,752 |
Cash | 797 |
Net cash collateral on deposit with broker for future contracts | 15,020 |
Receivable for investments sold | 51,280 |
Income receivables | 17,256 |
Receivable for fund shares sold | 289 |
Income receivable from affiliated investments | 624 |
Receivable for accumulated variation margin on futures contracts | 4,919 |
Total assets | 21,833,225 |
Liabilities | |
Payable for investments purchased | 6,944 |
Payable for fund shares redeemed | 137 |
Payable to the Adviser | 10,226 |
Payable for custody, fund accounting and sub-administration fees | 8,552 |
Accrued other expenses | 27,228 |
Total liabilities | 53,087 |
Net Assets | $ 21,780,138 |
Net Assets Consist of: | |
Capital paid in | $ 14,411,444 |
Total distributable earnings (loss) | 7,368,694 |
Net Assets | $ 21,780,138 |
Shares outstanding ($0.01 par value; unlimited shares authorized) | 483,363 |
Net asset value per share | $ 45.06 |
Statement of Assets and Liabilities | 9 |
Investment Income | |
Income | |
Dividend | $ 156,731 |
Income from affiliated investments | 1,018 |
Less: Foreign taxes withheld | (441) |
Total income | 157,308 |
Expenses | |
Advisory and administration fees | 69,421 |
Directors' fees | 10,634 |
Custody, fund accounting and sub-administration fees | 10,253 |
Professional fees | 15,298 |
Printing and shareholder reports | 2,767 |
Other expenses | 1,463 |
Total expenses | 109,836 |
Net investment income | $ 47,472 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ 730,284 |
Futures | (62,728) |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | (6,466,924) |
Futures | (634) |
Net realized and unrealized gain (loss) on investments | (5,800,002) |
Net Decrease in Net Assets Resulting from Operations | $ (5,752,530) |
10 | Statement of Operations |
Six Months Ended June 30, 2022(a) | Year Ended December 31, 2021 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income | $ 47,472 | $ 87,557 | |
Net realized gain (loss) on investments and futures | 667,556 | 4,880,602 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments and futures | (6,467,558) | 1,617,142 | |
Net increase (decrease) from operations | (5,752,530) | 6,585,301 | |
Distributions to shareholders: | |||
Total distributions | — | (4,601,794) | |
Increase (decrease) in assets from operations and distributions | (5,752,530) | 1,983,507 | |
Share transactions: | |||
Proceeds from sale of shares | 72,937 | 312,618 | |
Value of distributions reinvested | — | 4,601,794 | |
Cost of shares redeemed | (2,135,434) | (5,031,745) | |
Net increase (decrease) from share transactions | (2,062,497) | (117,333) | |
Total increase (decrease) in net assets | (7,815,027) | 1,866,174 | |
Net Assets | |||
Beginning of period | 29,595,165 | 27,728,991 | |
End of period | $ 21,780,138 | $ 29,595,165 | |
Changes in Fund Shares | |||
Shares sold | 1,489 | 5,112 | |
Issued for distributions reinvested | — | 80,875 | |
Shares redeemed | (41,429) | (83,113) | |
Net increase (decrease) in fund shares | (39,940) | 2,874 |
(a) | Unaudited. |
Statements of Changes in Net Assets | 11 |
• | Equity investments traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value. |
• | Exchange-traded futures contracts are valued at the closing settlement price on the primary market on which they are traded most extensively. Exchange-traded futures contracts traded on a recognized exchange for which there were no sales on that day are valued at the last reported sale price obtained from independent pricing services or brokers or at fair value. |
12 | Notes to Financial Statements |
• | Investments in registered investment companies (including money market funds) or other unitized pooled investment vehicles that are not traded on an exchange are valued at that day’s published net asset value (“NAV”) per share or unit. |
• | Level 1 — Unadjusted quoted prices in active markets for an identical asset or liability; |
• | Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and |
• | Level 3 — Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments. |
Notes to Financial Statements | 13 |
Asset Derivatives | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street U.S. Equity V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ 4,919 | $ — | $ 4,919 |
14 | Notes to Financial Statements |
Realized Gain/Loss | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street U.S. Equity V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ (62,728) | $ — | $ (62,728) |
Net Change in Unrealized Appreciation (Depreciation) | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street U.S. Equity V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ (634) | $ — | $ (634) |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 3,761,685 | $ 5,712,455 |
Notes to Financial Statements | 15 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 16,632,840 | $ 6,058,451 | $ 943,337 | $ 5,115,114 |
16 | Notes to Financial Statements |
Notes to Financial Statements | 17 |
18 | Other Information |
• | A report prepared by an independent third-party provider of investment company data, which includes for the Fund: |
○ | Comparisons of the Fund’s performance over the past one-, three-, five- and ten-year periods ended December 31, 2021, to the performance of an appropriate benchmark constructed by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Lipper Index”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”); |
○ | Comparisons of the Fund’s expense ratio (with detail of component expenses) to the expense ratios of a group of comparable mutual funds selected by the independent third-party data provider (the “Expense Group” and/or “Expense Universe”); |
○ | A chart showing the Fund’s historical average net assets relative to its total expenses, management fees, and non-management expenses over the past five calendar years; and |
Other Information | 19 |
○ | Comparisons of the Fund’s contractual management fee to the contractual management fees of comparable mutual funds at different asset levels. |
• | Comparative information concerning fees charged by the Adviser for managing institutional accounts using investment strategies and techniques similar to those used in managing the Fund; and |
• | Profitability analyses for (a) the Adviser with respect to the Fund and (b) affiliates of SSGA FM that provide services to the Fund (“Affiliated Service Providers”). |
• | Descriptions of the investment management services provided by the Adviser, including its investment strategies and processes; |
• | Information concerning the allocation of brokerage; and |
• | Information regarding the procedures and processes used to value the assets of the Fund. |
• | Reports detailing the financial results and condition of SSGA FM and its affiliates; |
• | Descriptions of the qualifications, education and experience of the individual investment and other professionals responsible for managing the portfolio of the Fund and for Fund operations; |
• | Information relating to compliance with and the administration of the Code of Ethics adopted by the Adviser; |
• | Information about the Adviser’s proxy voting policies and procedures and information regarding the Adviser’s practices for overseeing proxy vendors; |
• | Information concerning the resources devoted by the Adviser to overseeing compliance by the Fund and its service providers, including information concerning compliance with investment policies and restrictions and other operating policies of the Fund; |
• | A description of the adequacy and sophistication of the Adviser’s technology and systems with respect to investment and administrative matters and a description of any material improvements or changes in technology or systems in the past year; |
• | A description of the business continuity and disaster recovery plans of the Adviser; and |
• | Information regarding the Adviser’s risk management processes. |
• | Information concerning the nature, extent, quality and cost of services provided to the Fund by SSGA FM in its capacity as the Fund’s administrator (the “Administrator”); |
• | Information concerning the nature, extent, quality and cost of various non-investment management services provided to the Fund by affiliates of the Adviser, including the custodian, sub-administrator and fund accountant of the Fund, and the role of the Adviser in managing the Fund’s relationship with these service providers; |
• | Copies of the Advisory Agreement and agreements with other service providers of the Fund; |
• | Responses to a request for information reviewed prior to the April 6, 2022 and May 11-12, 2022 meetings by Independent Counsel, requesting specific information from each of: |
○ | SSGA FM, in its capacity as the Fund’s Adviser and Administrator, with respect to its operations relating to the Fund and its approximate profit margins from such operations for the calendar year ended December 31, 2021; and the relevant operations of other Affiliated Service Providers to the Fund, together with their approximate profit margins from such relevant operations for the calendar year ended December 31, 2021; |
20 | Other Information |
○ | State Street Bank and Trust Company (“State Street”), the sub-administrator, custodian, and fund accountant for the Fund, with respect to its operations relating to the Fund; and |
○ | State Street Global Advisors Funds Distributors, LLC, the principal underwriter and distributor of the shares of the Fund (the “Distributor”), with respect to its operations relating to the Fund, together with the Fund’s related distribution plans and arrangements under Rule 12b-1 of the 1940 Act; |
• | Information from SSGA FM, State Street, and the Distributor with respect to the Fund, providing any material changes to the previous information supplied in response to the letter from Independent Counsel prior to the executive session of the Board on May 11-12, 2022; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
Other Information | 21 |
22 | Other Information |
Other Information | 23 |
State Street Premier Growth Equity V.I.S. Fund |
Page | |
1 | |
4 | |
Financial Statements | |
7 | |
8 | |
9 | |
10 | |
11 | |
17 |
State Street Premier Growth Equity V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $28,216 (in thousands) as of June 30, 2022 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2022 (as a % of Fair Value) (a)(b) | |
Microsoft Corp. | 12.08% |
Apple Inc. | 10.24% |
Amazon.com Inc. | 6.92% |
Alphabet Inc., Class C | 6.35% |
Visa Inc., Class A | 4.74% |
QUALCOMM Inc. | 3.27% |
Mastercard Inc., Class A | 3.19% |
UnitedHealth Group Inc. | 3.04% |
Meta Platforms Inc., Class A | 2.36% |
salesforce.com Inc. | 2.34% |
(a) | Fair Value basis is inclusive of a short-term investment in the State Street Institutional U.S. Government Money Market Fund Class G Shares. |
(b) | The securities information regarding holdings, allocations and other characteristics is presented to illustrate examples of securities that the Fund has bought and the diversity of areas in which the Fund may invest as of a particular date. It may not be representative of the Fund’s current or future investments and should not be construed as a recommendation to purchase or sell a particular security. |
2 | State Street Premier Growth Equity V.I.S. Fund |
Actual Fund Return | Hypothetical 5% Return (2.5% for the period) | ||
Beginning Account Value January 1, 2022 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2022 | $ 720.80 | $1,020.30 | |
Expenses Paid During Period* | $ 3.88 | $ 4.56 |
* | Expenses are equal to the Fund's annualized expense ratio of 0.91% (for the period January 1, 2022 - June 30, 2022), multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
State Street Premier Growth Equity V.I.S. Fund | 3 |
Number of Shares | Fair Value | |
Common Stock - 98.0% † | ||
Apparel Retail - 1.6% | ||
Ross Stores Inc. | 6,387 | $ 448,559 |
Application Software - 5.3% | ||
Adobe Inc. (a) | 1,204 | 440,736 |
salesforce.com Inc. (a) | 3,991 | 658,675 |
Splunk Inc. (a) | 4,569 | 404,174 |
1,503,585 | ||
Automobile Manufacturers - 1.0% | ||
Tesla Inc. (a) | 404 | 272,062 |
Biotechnology - 2.9% | ||
BioMarin Pharmaceutical Inc. (a) | 4,718 | 390,980 |
Vertex Pharmaceuticals Inc. (a) | 1,511 | 425,785 |
816,765 | ||
Cable & Satellite - 1.4% | ||
Charter Communications Inc., Class A (a) | 834 | 390,754 |
Data Processing & Outsourced Services - 10.7% | ||
Fidelity National Information Services Inc. | 4,312 | 395,281 |
Mastercard Inc., Class A | 2,859 | 901,957 |
PayPal Holdings Inc. (a) | 5,524 | 385,796 |
Visa Inc., Class A | 6,793 | 1,337,474 |
3,020,508 | ||
Financial Exchanges & Data - 1.5% | ||
S&P Global Inc. | 1,272 | 428,740 |
Healthcare Equipment - 1.7% | ||
Boston Scientific Corp. (a) | 12,886 | 480,261 |
Home Improvement Retail - 1.9% | ||
Lowe's Companies Inc. (b) | 3,028 | 528,901 |
Industrial Conglomerates - 1.2% | ||
Honeywell International Inc. | 1,944 | 337,887 |
Industrial Machinery - 1.9% | ||
Parker-Hannifin Corp. | 2,168 | 533,436 |
Interactive Media & Services - 11.0% | ||
Alphabet Inc., Class C (a)(b) | 819 | 1,791,522 |
Alphabet Inc., Class A (a) | 298 | 649,419 |
Number of Shares | Fair Value | |
Meta Platforms Inc., Class A (a) | 4,138 | $ 667,253 |
3,108,194 | ||
Internet & Direct Marketing Retail - 7.7% | ||
Amazon.com Inc. (a) | 18,373 | 1,951,396 |
Chewy Inc., Class A (a) | 6,441 | 223,632 |
2,175,028 | ||
Investment Banking & Brokerage - 1.5% | ||
The Charles Schwab Corp. | 6,546 | 413,576 |
Life Sciences Tools & Services - 2.0% | ||
IQVIA Holdings Inc. (a) | 2,650 | 575,024 |
Managed Healthcare - 3.0% | ||
UnitedHealth Group Inc. | 1,670 | 857,762 |
Pharmaceuticals - 1.2% | ||
Elanco Animal Health Inc. (a) | 17,196 | 337,558 |
Regional Banks - 1.4% | ||
First Republic Bank | 2,692 | 388,186 |
Semiconductor Equipment - 1.8% | ||
Applied Materials Inc. | 5,538 | 503,847 |
Semiconductors - 6.9% | ||
Advanced Micro Devices Inc. (a) | 7,686 | 587,749 |
NVIDIA Corp. | 2,953 | 447,645 |
QUALCOMM Inc. | 7,226 | 923,049 |
1,958,443 | ||
Soft Drinks - 1.8% | ||
Monster Beverage Corp. (a) | 5,519 | 511,611 |
Specialized REITs - 2.1% | ||
American Tower Corp. | 2,339 | 597,825 |
Systems Software - 14.3% | ||
Microsoft Corp. | 13,273 | 3,408,905 |
ServiceNow Inc. (a) | 1,301 | 618,651 |
4,027,556 | ||
Technology Hardware, Storage & Peripherals - 10.2% | ||
Apple Inc. | 21,125 | 2,888,210 |
Trading Companies & Distributors - 1.5% | ||
United Rentals Inc. (a) | 1,738 | 422,178 |
4 | State Street Premier Growth Equity V.I.S. Fund |
Number of Shares | Fair Value | |
Trucking - 0.5% | ||
Lyft Inc., Class A (a) | 9,498 | $ 126,133 |
Total Common Stock (Cost $18,040,337) | 27,652,589 | |
Short-Term Investments - 2.0% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 1.47% (c)(d) (Cost $563,782) | 563,782 | 563,782 |
Total Investments (Cost $18,604,119) | 28,216,371 | |
Liabilities in Excess of Other Assets, net - (0.0)%* | (8,670) | |
NET ASSETS - 100.0% | $ 28,207,701 |
The Fund had the following long futures contracts open at June 30, 2022: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
S&P 500 E-Mini Index Futures | September 2022 | 1 | $ 187,018 | $ 189,475 | $ 2,457 |
(a) | Non-income producing security. |
(b) | At June 30, 2022, all or a portion of this security was pledged to cover collateral requirements for futures. |
(c) | Sponsored by SSGA Funds Management, Inc., the Fund’s investment adviser and administrator, and an affiliate of State Street Bank & Trust Co., the Fund’s sub-administrator, custodian and accounting agent. |
(d) | Coupon amount represents effective yield. |
† | Percentages are based on net assets as of June 30, 2022. |
* | Less than 0.05%. |
Abbreviations: |
REIT - Real Estate Investment Trust |
State Street Premier Growth Equity V.I.S. Fund | 5 |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Common Stock | $ 27,652,589 | $ — | $ — | $ 27,652,589 | |||
Short-Term Investments | 563,782 | — | — | 563,782 | |||
Total Investments in Securities | $ 28,216,371 | $ — | $ — | $ 28,216,371 | |||
Other Financial Instruments | |||||||
Long Futures Contracts - Unrealized Appreciation | $ 2,457 | $ — | $ — | $ 2,457 | |||
Total Other Financial Instruments | $ 2,457 | $ — | $ — | $ 2,457 |
Affiliate Table |
Number of Shares Held at 12/31/21 | Value at 12/31/21 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/22 | Value at 6/30/22 | Dividend Income | |
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 820,187 | $820,187 | $3,086,850 | $3,343,255 | $— | $— | 563,782 | $563,782 | $1,258 |
6 | State Street Premier Growth Equity V.I.S. Fund |
6/30/22 (a) | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | 12/31/17 | ||||||
Inception date | 12/12/97 | ||||||||||
Net asset value, beginning of period | $126.76 | $122.96 | $100.89 | $ 82.51 | $ 99.23 | $ 86.08 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income (loss)(b) | (0.20) | (0.44) | (0.22) | 0.03 | 0.12 | 0.32 | |||||
Net realized and unrealized gains/(losses) on investments | (35.19) | 31.51 | 34.12 | 30.84 | (2.88) | 24.10 | |||||
Total income/(loss) from investment operations | (35.39) | 31.07 | 33.90 | 30.87 | (2.76) | 24.42 | |||||
Less distributions from: | |||||||||||
Net investment income | — | — | 0.04 | — | 0.15 | 0.34 | |||||
Net realized gains | — | 27.27 | 11.79 | 12.49 | 13.81 | 10.93 | |||||
Total distributions | — | 27.27 | 11.83 | 12.49 | 13.96 | 11.27 | |||||
Net asset value, end of period | $ 91.37 | $126.76 | $122.96 | $100.89 | $ 82.51 | $ 99.23 | |||||
Total Return(c) | (27.92)% | 24.97% | 33.61% | 37.33% | (2.66)% | 28.34% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $28,208 | $41,961 | $39,144 | $35,502 | $30,369 | $36,404 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 0.91% (d) | 0.88% | 0.89% | 0.91% | 0.87% | 0.85% | |||||
Gross expenses | 0.91% (d) | 0.88% | 0.89% | 0.91% | 0.87% | 0.85% | |||||
Net investment income (loss) | (0.38)% (d) | (0.32)% | (0.19)% | 0.03% | 0.11% | 0.31% | |||||
Portfolio turnover rate | 12% | 30% | 22% | 22% | 27% | 21% |
Notes to Financial Highlights | |
(a) | Unaudited. |
(b) | Per share values have been calculated using the average shares method. |
(c) | Total returns are historical and assume changes in share price, reinvestment of dividends and capital gains distributions and do not include the effect of insurance contract charges. Past performance does not guarantee future results. |
(d) | Annualized for periods less than one year. |
Financial Highlights | 7 |
Assets | |
Investments in securities, at fair value (cost $18,040,337) | $ 27,652,589 |
Short-term affiliated investments, at fair value | 563,782 |
Net cash collateral on deposit with broker for future contracts | 7,469 |
Receivable for investments sold | 121,459 |
Income receivables | 3,542 |
Receivable for fund shares sold | 113 |
Income receivable from affiliated investments | 550 |
Receivable for accumulated variation margin on futures contracts | 2,459 |
Total assets | 28,351,963 |
Liabilities | |
Payable for investments purchased | 85,167 |
Payable for fund shares redeemed | 3,946 |
Payable to the Adviser | 14,772 |
Payable for custody, fund accounting and sub-administration fees | 9,269 |
Accrued other expenses | 31,108 |
Total liabilities | 144,262 |
Net Assets | $ 28,207,701 |
Net Assets Consist of: | |
Capital paid in | $ 15,951,789 |
Total distributable earnings (loss) | 12,255,912 |
Net Assets | $ 28,207,701 |
Shares outstanding ($0.01 par value; unlimited shares authorized) | 308,727 |
Net asset value per share | $ 91.37 |
8 | Statement of Assets and Liabilities |
Investment Income | |
Income | |
Dividend | $ 90,720 |
Income from affiliated investments | 1,258 |
Total income | 91,978 |
Expenses | |
Advisory and administration fees | 111,311 |
Directors' fees | 10,662 |
Custody, fund accounting and sub-administration fees | 10,894 |
Professional fees | 17,410 |
Printing and shareholder reports | 4,032 |
Other expenses | 2,173 |
Total expenses | 156,482 |
Net investment income | $ (64,504) |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ 1,164,830 |
Futures | (74,748) |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | (12,352,549) |
Futures | (5,851) |
Net realized and unrealized gain (loss) on investments | (11,268,318) |
Net Decrease in Net Assets Resulting from Operations | $ (11,332,822) |
Statement of Operations | 9 |
Six Months Ended June 30, 2022(a) | Year Ended December 31, 2021 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment loss | $ (64,504) | $ (128,356) | |
Net realized gain (loss) on investments and futures | 1,090,082 | 8,400,974 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments and futures | (12,358,400) | 656,109 | |
Net increase (decrease) from operations | (11,332,822) | 8,928,727 | |
Distributions to shareholders: | |||
Total distributions | — | (7,449,942) | |
Increase (decrease) in assets from operations and distributions | (11,332,822) | 1,478,785 | |
Share transactions: | |||
Proceeds from sale of shares | 133,556 | 621,030 | |
Value of distributions reinvested | — | 7,449,942 | |
Cost of shares redeemed | (2,554,018) | (6,732,576) | |
Net increase (decrease) from share transactions | (2,420,462) | 1,338,396 | |
Total increase (decrease) in net assets | (13,753,284) | 2,817,181 | |
Net Assets | |||
Beginning of period | 41,960,985 | 39,143,804 | |
End of period | $ 28,207,701 | $ 41,960,985 | |
Changes in Fund Shares | |||
Shares sold | 1,297 | 4,534 | |
Issued for distributions reinvested | — | 57,976 | |
Shares redeemed | (23,602) | (49,819) | |
Net increase (decrease) in fund shares | (22,305) | 12,691 |
(a) | Unaudited. |
10 | Statement of Operations |
• | Equity investments traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value. |
• | Investments in registered investment companies (including money market funds) or other unitized pooled investment vehicles that are not traded on an exchange are valued at that day’s published net asset value (“NAV”) per share or unit. |
Notes to Financial Statements | 11 |
• | Exchange-traded futures contracts are valued at the closing settlement price on the primary market on which they are traded most extensively. Exchange-traded futures contracts traded on a recognized exchange for which there were no sales on that day are valued at the last reported sale price obtained from independent pricing services or brokers or at fair value. |
• | Level 1 — Unadjusted quoted prices in active markets for an identical asset or liability; |
• | Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and |
• | Level 3 — Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments. |
12 | Notes to Financial Statements |
Asset Derivatives | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Premier Growth Equity V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ 2,459 | $ — | $ 2,459 |
Realized Gain/Loss | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Premier Growth Equity V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ (74,748) | $ — | $ (74,748) |
Net Change in Unrealized Appreciation (Depreciation) | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Premier Growth Equity V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ (5,851) | $ — | $ (5,851) |
Notes to Financial Statements | 13 |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 4,021,329 | $ 6,258,681 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 18,809,440 | $ 11,828,458 | $ 2,419,070 | $ 9,409,388 |
14 | Notes to Financial Statements |
Notes to Financial Statements | 15 |
16 | Notes to Financial Statements |
Other Information | 17 |
18 | Other Information |
• | A report prepared by an independent third-party provider of investment company data, which includes for the Fund: |
○ | Comparisons of the Fund’s performance over the past one-, three-, five- and ten-year periods ended December 31, 2021, to the performance of an appropriate benchmark constructed by Broadridge Financial Solutions, Inc. for the Fund (the “Lipper Index”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”); |
○ | Comparisons of the Fund’s expense ratio (with detail of component expenses) to the expense ratios of a group of comparable mutual funds selected by the independent third-party data provider (the “Expense Group” and/or “Expense Universe”); |
○ | A chart showing the Fund’s historical average net assets relative to its total expenses, management fees, and non-management expenses over the past five calendar years; and |
○ | Comparisons of the Fund’s contractual management fee to the contractual management fees of comparable mutual funds at different asset levels. |
• | Comparative information concerning fees charged by the Adviser for managing institutional accounts using investment strategies and techniques similar to those used in managing the Fund; and |
• | Profitability analyses for (a) the Adviser with respect to the Fund and (b) affiliates of SSGA FM that provide services to the Fund (“Affiliated Service Providers”). |
• | Descriptions of the investment management services provided by the Adviser, including its investment strategies and processes; |
• | Information concerning the allocation of brokerage; and |
• | Information regarding the procedures and processes used to value the assets of the Fund. |
• | Reports detailing the financial results and condition of SSGA FM and its affiliates; |
• | Descriptions of the qualifications, education and experience of the individual investment and other professionals responsible for managing the portfolio of the Fund and for Fund operations; |
• | Information relating to compliance with and the administration of the Code of Ethics adopted by the Adviser; |
• | Information about the Adviser’s proxy voting policies and procedures and information regarding the Adviser’s practices for overseeing proxy vendors; |
• | Information concerning the resources devoted by the Adviser to overseeing compliance by the Fund and its service providers, including information concerning compliance with investment policies and restrictions and other operating policies of the Fund; |
• | A description of the adequacy and sophistication of the Adviser’s technology and systems with respect to investment and administrative matters and a description of any material improvements or changes in technology or systems in the past year; |
• | A description of the business continuity and disaster recovery plans of the Adviser; and |
• | Information regarding the Adviser’s risk management processes. |
• | Information concerning the nature, extent, quality and cost of services provided to the Fund by SSGA FM in its capacity as the Fund’s administrator (the “Administrator”); |
Other Information | 19 |
• | Information concerning the nature, extent, quality and cost of various non-investment management services provided to the Fund by affiliates of the Adviser, including the custodian, sub-administrator and fund accountant of the Fund, and the role of the Adviser in managing the Fund’s relationship with these service providers; |
• | Copies of the Advisory Agreement and agreements with other service providers of the Fund; |
• | Responses to a request for information reviewed prior to the April 6, 2022 and May 11-12, 2022 meetings, requesting specific information from each of: |
○ | SSGA FM, in its capacity as the Fund’s Adviser and Administrator, with respect to its operations relating to the Fund and its approximate profit margins from such operations for the calendar year ended December 31, 2021; and the relevant operations of other Affiliated Service Providers to the Fund, together with their approximate profit margins from such relevant operations for the calendar year ended December 31, 2021; |
○ | State Street Bank and Trust Company (“State Street”), the sub-administrator, custodian, and fund accountant for the Fund, with respect to its operations relating to the Fund; and |
○ | State Street Global Advisors Funds Distributors, LLC, the principal underwriter and distributor of the shares of the Fund (the “Distributor”), with respect to its operations relating to the Fund, together with the Fund’s related distribution plans and arrangements under Rule 12b-1 of the 1940 Act; |
• | Information from SSGA FM, State Street, and the Distributor with respect to the Fund, providing any material changes to the previous information supplied in response to the letter from Independent Counsel prior to the executive session of the Board on May 11-12, 2022; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
20 | Other Information |
Other Information | 21 |
22 | Other Information |
State Street Income V.I.S. Fund |
Page | |
1 | |
4 | |
Financial Statements | |
23 | |
24 | |
25 | |
26 | |
27 | |
35 |
State Street Income V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $13,353 (in thousands) as of June 30, 2022 (a)(b) |
Quality Ratings | ||
as of June 30, 2022 as a % of Fair Value (a)(b) | ||
Moody’s / S&P / Rating* | Percentage of Fair Value | |
Aaa / AAA | 4.97% | |
Aa / AA | 64.22% | |
A / A | 5.33% | |
Baa / BBB | 15.97% | |
Ba / BB and lower | 1.55% | |
NR / Other | 7.96% | |
100.00% |
(a) | Fair Value basis is inclusive of a short-term investment in the State Street Institutional U.S. Government Money Market Fund Class G Shares. |
(b) | The securities information regarding holdings, allocations and other characteristics is presented to illustrate examples of securities that the Fund has bought and the diversity of areas in which the Fund may invest as of a particular date. It may not be representative of the Fund’s current or future investments and should not be construed as a recommendation to purchase or sell a particular security. |
* | Moody’s Investors Services, Inc. (“Moody’s”) and S&P Global Ratings (“S&P”) are nationally recognized statistical rating organizations. The quality ratings represent the lower of Moody’s or S&P credit ratings. When a rating from only one of the rating agencies is available, that rating is used. Securities not rated by Moody’s or S&P are categorized as not rated. Credit quality measures a bond issuer’s ability to repay interest and principal in a timely manner. Credit quality ratings assigned by a rating agency are subject to change periodically and are not absolute standard of quality. In formulating investment decisions for the Fund, SSGA Funds Management, Inc. (“SSGA FM”) develops its own analysis of the credit quality and risks associated with individual debt instruments, rather than relying exclusively on rating agency ratings. |
2 | State Street Income V.I.S. Fund |
Actual Fund Return | Hypothetical 5% Return (2.5% for the period) | ||
Beginning Account Value January 1, 2022 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2022 | $ 884.50 | $1,018.70 | |
Expenses Paid During Period* | $ 5.70 | $ 6.11 |
* | Expenses are equal to the Fund's annualized net expense ratio of 1.22% (for the period January 1, 2022 - June 30, 2022), multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
State Street Income V.I.S. Fund | 3 |
Principal Amount | Fair Value | |
Bonds and Notes - 104.3% † | ||
U.S. Treasuries - 39.0% | ||
U.S. Treasury Bonds | ||
1.13%, 05/15/40 (a) | $ 163,000 | $ 113,463 |
1.88%, 02/15/41 - 02/15/51 | 441,000 | 339,914 |
2.25%, 08/15/46 (a) | 260,000 | 209,584 |
3.00%, 08/15/48 (a) | 303,000 | 286,240 |
4.75%, 02/15/37 (a) | 286,000 | 345,256 |
U.S. Treasury Notes | ||
0.25%, 07/31/25 (a) | 224,900 | 206,451 |
0.63%, 10/15/24 | 36,000 | 34,104 |
0.75%, 12/31/23 | 437,000 | 422,712 |
0.75%, 01/31/28 (a) | 491,000 | 432,464 |
1.13%, 01/15/25 | 179,000 | 170,679 |
1.25%, 11/30/26 | 745,000 | 689,882 |
1.50%, 02/29/24 | 83,000 | 81,045 |
1.63%, 05/15/31 | 1,415,000 | 1,264,214 |
1.75%, 01/31/29 | 17,000 | 15,677 |
4,611,685 | ||
Agency Mortgage Backed - 30.9% | ||
Federal Home Loan Mortgage Corp. | ||
3.00%, 04/01/43 - 10/01/49 (a) | 339,207 | 321,020 |
4.50%, 06/01/33 - 02/01/35 (a) | 2,226 | 2,298 |
5.00%, 07/01/35 (a) | 17,824 | 18,751 |
5.50%, 01/01/38 (a) | 18,483 | 19,753 |
6.00%, 04/01/29 - 11/01/37 (a) | 57,112 | 61,067 |
6.50%, 02/01/29 (a) | 23 | 24 |
6.93%, 06/01/26 (a)(b) | 60,000 | 67,990 |
7.00%, 12/01/29 - 08/01/36 (a) | 14,013 | 15,190 |
7.50%, 01/01/30 - 09/01/33 (a) | 1,538 | 1,616 |
8.00%, 11/01/30 (a) | 2,963 | 3,179 |
8.50%, 04/01/30 (a) | 2,605 | 3,013 |
Federal National Mortgage Assoc. | ||
2.50%, 02/01/51 - 03/01/51 (a) | 511,521 | 462,030 |
3.00%, 03/01/50 (a) | 59,127 | 55,609 |
3.50%, 08/01/45 - 01/01/48 (a) | 117,712 | 114,950 |
4.00%, 01/01/41 - 01/01/50 (a) | 182,840 | 183,166 |
4.50%, 07/01/33 - 12/01/48 (a) | 80,221 | 81,831 |
Principal Amount | Fair Value | |
5.00%, 03/01/34 - 08/01/35 (a) | $ 20,124 | $ 21,140 |
5.50%, 12/01/32 - 01/01/39 (a) | 68,695 | 73,254 |
6.00%, 02/01/33 - 07/01/35 (a) | 81,831 | 87,668 |
6.50%, 01/01/29 - 08/01/34 (a) | 12,519 | 13,267 |
7.00%, 10/01/32 - 02/01/34 (a) | 4,432 | 4,704 |
7.50%, 11/01/22 - 03/01/33 (a) | 6,312 | 6,654 |
8.00%, 08/01/25 - 10/01/31 (a) | 3,781 | 4,003 |
Federal National Mortgage Assoc. 1.60% + 12 month USD LIBOR | ||
2.97%, 04/01/37 (a)(c) | 736 | 738 |
Federal National Mortgage Assoc. TBA | ||
3.00%, 07/01/52 (d) | 241,550 | 226,783 |
3.50%, 07/01/52 (d) | 241,550 | 232,652 |
4.00%, 07/01/52 (d) | 207,043 | 204,406 |
5.00%, 07/01/52 (d) | 845,000 | 862,432 |
Government National Mortgage Assoc. | ||
3.00%, 12/20/42 - 05/20/45 (a) | 285,572 | 274,578 |
3.50%, 08/20/48 (a) | 53,128 | 52,184 |
4.00%, 01/20/41 - 04/20/43 (a) | 50,522 | 51,452 |
4.50%, 08/15/33 - 03/20/41 (a) | 40,091 | 41,546 |
6.00%, 04/15/27 - 04/15/34 (a) | 46,925 | 50,441 |
6.50%, 03/15/24 - 08/15/34 (a) | 18,250 | 19,497 |
7.00%, 01/15/28 - 10/15/36 (a) | 15,628 | 16,390 |
Government National Mortgage Assoc. 1.50% + 1 year CMT Rate | ||
1.75%, 12/20/24 (a)(c) | 220 | 216 |
2.63%, 02/20/23 - 02/20/26 (a)(c) | 235 | 234 |
3,655,726 | ||
Agency Collateralized Mortgage Obligations - 1.0% | ||
Federal Home Loan Mortgage Corp. | ||
0.08%, 09/25/43 (c)(e) | 287,687 | 1,258 |
2.51%, 07/25/29 (a) | 55,000 | 51,896 |
4 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
4.05%, 09/25/28 (a)(c) | $ 31,000 | $ 32,041 |
Federal Home Loan Mortgage Corp. REMIC | ||
3.50%, 11/15/30 (e) | 3,240 | 52 |
5.50%, 06/15/33 (e) | 8,829 | 1,415 |
7.50%, 07/15/27 (e) | 705 | 80 |
Federal Home Loan Mortgage Corp. STRIPS | ||
0.00%, 08/01/27 (f) | 97 | 90 |
8.00%, 02/01/23 - 07/01/24 (e) | 119 | 7 |
Federal National Mortgage Assoc. REMIC | ||
1.12%, 12/25/42 (c)(e) | 15,412 | 494 |
5.00%, 09/25/40 (e) | 4,918 | 488 |
Federal National Mortgage Assoc. REMIC 6.00% - 1 month USD LIBOR | ||
4.38%, 07/25/38 (c)(e) | 2,907 | 319 |
Federal National Mortgage Assoc. REMIC 6.55% - 1 month USD LIBOR | ||
4.93%, 11/25/41 (c)(e) | 140,025 | 20,978 |
Federal National Mortgage Assoc. STRIPS | ||
0.00%, 12/25/34 (f) | 7,410 | 6,133 |
4.50%, 08/25/35 - 01/25/36 (e) | 8,364 | 1,185 |
5.00%, 03/25/38 - 05/25/38 (e) | 5,042 | 941 |
5.50%, 12/25/33 (e) | 2,332 | 447 |
6.00%, 01/25/35 (e) | 4,169 | 736 |
7.50%, 11/25/23 (e) | 327 | 10 |
8.00%, 08/25/23 - 07/25/24 (e) | 217 | 12 |
118,582 | ||
Asset Backed - 0.3% | ||
Ford Credit Auto Owner Trust 2020-B | ||
0.56%, 10/15/24 | 36,418 | 35,982 |
35,982 | ||
Corporate Notes - 25.9% | ||
3M Co. | ||
3.13%, 09/19/46 (a) | 2,000 | 1,572 |
7-Eleven Inc. | ||
0.95%, 02/10/26 (a)(g) | 7,000 | 6,185 |
Abbott Laboratories | ||
3.75%, 11/30/26 (a) | 6,000 | 6,046 |
Principal Amount | Fair Value | |
4.90%, 11/30/46 (a) | $ 8,000 | $ 8,408 |
AbbVie Inc. | ||
2.60%, 11/21/24 (a) | 7,000 | 6,782 |
2.95%, 11/21/26 (a) | 5,000 | 4,739 |
3.20%, 05/14/26 - 11/21/29 (a) | 12,000 | 11,206 |
3.25%, 10/01/22 (a) | 6,000 | 6,000 |
4.05%, 11/21/39 (a) | 3,000 | 2,674 |
4.25%, 11/21/49 (a) | 5,000 | 4,432 |
4.40%, 11/06/42 | 2,000 | 1,818 |
4.63%, 10/01/42 (a) | 2,000 | 1,844 |
4.88%, 11/14/48 (a) | 3,000 | 2,891 |
Advance Auto Parts Inc. | ||
3.90%, 04/15/30 (a) | 7,000 | 6,374 |
Advanced Micro Devices Inc. | ||
4.39%, 06/01/52 | 5,000 | 4,864 |
AEP Texas Inc. | ||
3.45%, 05/15/51 | 8,000 | 6,157 |
Aetna Inc. | ||
3.50%, 11/15/24 (a) | 4,000 | 3,957 |
Aircastle Ltd. | ||
4.25%, 06/15/26 (a) | 5,000 | 4,606 |
Alexandria Real Estate Equities Inc. | ||
1.88%, 02/01/33 (a) | 5,000 | 3,761 |
2.95%, 03/15/34 | 5,000 | 4,157 |
3.55%, 03/15/52 | 5,000 | 3,768 |
4.70%, 07/01/30 (a) | 3,000 | 2,955 |
Ally Financial Inc. | ||
2.20%, 11/02/28 | 5,000 | 4,074 |
Altria Group Inc. | ||
3.40%, 02/04/41 (a) | 6,000 | 3,987 |
4.00%, 02/04/61 (a) | 2,000 | 1,320 |
4.25%, 08/09/42 (a) | 2,000 | 1,470 |
4.45%, 05/06/50 (a) | 3,000 | 2,155 |
4.50%, 05/02/43 (a) | 3,000 | 2,223 |
Amazon.com Inc. | ||
1.50%, 06/03/30 (a) | 2,000 | 1,664 |
2.50%, 06/03/50 (a) | 3,000 | 2,124 |
2.70%, 06/03/60 (a) | 3,000 | 2,030 |
2.88%, 05/12/41 | 4,000 | 3,207 |
3.15%, 08/22/27 (a) | 2,000 | 1,948 |
3.25%, 05/12/61 | 5,000 | 3,812 |
4.05%, 08/22/47 (a) | 3,000 | 2,813 |
Ameren Corp. | ||
3.65%, 02/15/26 (a) | 5,000 | 4,911 |
American Electric Power Company Inc. | ||
2.30%, 03/01/30 (a) | 3,000 | 2,524 |
State Street Income V.I.S. Fund | 5 |
Principal Amount | Fair Value | |
3.25%, 03/01/50 (a) | $ 3,000 | $ 2,161 |
American Tower Corp. | ||
1.50%, 01/31/28 (a) | 6,000 | 4,988 |
2.90%, 01/15/30 (a) | 6,000 | 5,124 |
3.70%, 10/15/49 (a) | 3,000 | 2,263 |
3.80%, 08/15/29 (a) | 6,000 | 5,509 |
American Water Capital Corp. | ||
2.95%, 09/01/27 (a) | 8,000 | 7,517 |
Amgen Inc. | ||
2.45%, 02/21/30 (a) | 2,000 | 1,746 |
3.00%, 01/15/52 | 4,000 | 2,846 |
3.15%, 02/21/40 | 5,000 | 3,967 |
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc. | ||
4.70%, 02/01/36 (a) | 7,000 | 6,719 |
4.90%, 02/01/46 (a) | 8,000 | 7,545 |
Anheuser-Busch InBev Worldwide Inc. | ||
3.50%, 06/01/30 (a) | 5,000 | 4,685 |
4.35%, 06/01/40 (a) | 5,000 | 4,479 |
4.38%, 04/15/38 (a) | 8,000 | 7,319 |
4.50%, 06/01/50 (a) | 3,000 | 2,695 |
4.75%, 04/15/58 (a) | 6,000 | 5,412 |
5.55%, 01/23/49 (a) | 2,000 | 2,044 |
Aon Corp./Aon Global Holdings PLC | ||
2.90%, 08/23/51 | 6,000 | 4,180 |
Apollo Management Holdings LP | ||
2.65%, 06/05/30 (a)(g) | 6,000 | 5,003 |
Apollo Management Holdings LP (4.95% fixed rate until 12/17/24; 3.27% + 5 year CMT Rate thereafter) | ||
4.95%, 01/14/50 (c)(g) | 7,000 | 6,063 |
Apple Inc. | ||
2.20%, 09/11/29 (a) | 5,000 | 4,500 |
2.65%, 02/08/51 (a) | 5,000 | 3,695 |
2.80%, 02/08/61 (a) | 2,000 | 1,432 |
2.95%, 09/11/49 (a) | 3,000 | 2,360 |
3.45%, 02/09/45 (a) | 6,000 | 5,228 |
Applied Materials Inc. | ||
4.35%, 04/01/47 (a) | 4,000 | 3,867 |
Aptiv PLC | ||
4.40%, 10/01/46 (a) | 5,000 | 3,941 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 4,000 | 3,831 |
Ares Capital Corp. | ||
2.88%, 06/15/28 | 5,000 | 3,978 |
Principal Amount | Fair Value | |
Arthur J Gallagher & Co. | ||
3.50%, 05/20/51 | $ 5,000 | $ 3,820 |
Ascension Health | ||
4.85%, 11/15/53 (a) | 7,000 | 7,369 |
Astrazeneca Finance LLC | ||
1.75%, 05/28/28 | 8,000 | 7,057 |
AstraZeneca PLC | ||
3.00%, 05/28/51 | 5,000 | 3,973 |
4.00%, 01/17/29 (a) | 3,000 | 2,989 |
4.38%, 08/17/48 (a) | 2,000 | 1,967 |
AT&T Inc. | ||
2.30%, 06/01/27 (a) | 9,000 | 8,220 |
2.75%, 06/01/31 (a) | 6,000 | 5,185 |
3.85%, 06/01/60 (a) | 4,000 | 3,098 |
4.35%, 03/01/29 (a) | 2,000 | 1,971 |
4.50%, 05/15/35 (a) | 5,000 | 4,740 |
4.55%, 03/09/49 (a) | 2,000 | 1,818 |
4.75%, 05/15/46 (a) | 2,000 | 1,855 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 4,000 | 3,729 |
6.15%, 04/03/30 (a) | 7,000 | 6,989 |
Avangrid Inc. | ||
3.15%, 12/01/24 (a) | 6,000 | 5,865 |
Bain Capital Specialty Finance Inc. | ||
2.95%, 03/10/26 (a) | 8,000 | 7,150 |
Bank of America Corp. | ||
4.18%, 11/25/27 (a) | 6,000 | 5,838 |
4.25%, 10/22/26 (a) | 6,000 | 5,919 |
Bank of America Corp. (2.09% fixed rate until 06/14/28; 1.06% + SOFR thereafter) | ||
2.09%, 06/14/29 (c) | 5,000 | 4,282 |
Bank of America Corp. (2.97% fixed rate until 07/21/51; 1.56% + SOFR thereafter) | ||
2.97%, 07/21/52 (c) | 6,000 | 4,278 |
Bank of America Corp. (3.37% fixed rate until 01/23/25; 0.81% + 3 month USD LIBOR thereafter) | ||
3.37%, 01/23/26 (a)(c) | 2,000 | 1,937 |
Bank of America Corp. (3.71% fixed rate until 04/24/27; 1.51% + 3 month USD LIBOR thereafter) | ||
3.71%, 04/24/28 (a)(c) | 6,000 | 5,716 |
6 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Bank of America Corp. (3.85% fixed rate until 03/08/32; 2.00% + 5 year CMT Rate thereafter) | ||
3.85%, 03/08/37 (c) | $ 6,000 | $ 5,196 |
Bank of America Corp. (3.95% fixed rate until 01/23/48; 1.19% + 3 month USD LIBOR thereafter) | ||
3.95%, 01/23/49 (a)(c) | 6,000 | 5,122 |
Bank of America Corp. (4.30% fixed rate until 01/28/25; 2.66% + 3 month USD LIBOR thereafter) | ||
4.30%, 12/31/99 (a)(c) | 7,000 | 5,934 |
Barrick North America Finance LLC | ||
5.70%, 05/30/41 (a) | 3,000 | 3,105 |
BAT Capital Corp. | ||
2.73%, 03/25/31 (a) | 4,000 | 3,151 |
4.39%, 08/15/37 (a) | 5,000 | 3,974 |
4.54%, 08/15/47 (a) | 2,000 | 1,470 |
4.70%, 04/02/27 (a) | 5,000 | 4,888 |
4.91%, 04/02/30 (a) | 4,000 | 3,715 |
BAT International Finance PLC | ||
1.67%, 03/25/26 (a) | 5,000 | 4,435 |
Baxter International Inc. | ||
1.92%, 02/01/27 | 11,000 | 9,851 |
2.27%, 12/01/28 | 11,000 | 9,630 |
3.13%, 12/01/51 | 3,000 | 2,183 |
Becton Dickinson & Co. | ||
3.70%, 06/06/27 (a) | 7,000 | 6,776 |
4.67%, 06/06/47 (a) | 3,000 | 2,802 |
4.69%, 12/15/44 (a) | 2,000 | 1,853 |
Berkshire Hathaway Energy Co. | ||
3.25%, 04/15/28 (a) | 2,000 | 1,901 |
3.70%, 07/15/30 (a) | 3,000 | 2,879 |
3.80%, 07/15/48 (a) | 3,000 | 2,521 |
4.25%, 10/15/50 (a) | 2,000 | 1,827 |
6.13%, 04/01/36 (a) | 3,000 | 3,308 |
Berkshire Hathaway Finance Corp. | ||
2.85%, 10/15/50 (a) | 2,000 | 1,443 |
3.85%, 03/15/52 | 6,000 | 5,135 |
4.25%, 01/15/49 (a) | 4,000 | 3,699 |
Berry Global Inc. | ||
4.88%, 07/15/26 (a)(g) | 8,000 | 7,640 |
Biogen Inc. | ||
2.25%, 05/01/30 (a) | 3,000 | 2,460 |
Principal Amount | Fair Value | |
Block Financial LLC | ||
2.50%, 07/15/28 | $ 5,000 | $ 4,344 |
3.88%, 08/15/30 (a) | 3,000 | 2,722 |
Boardwalk Pipelines LP | ||
4.80%, 05/03/29 (a) | 6,000 | 5,823 |
BP Capital Markets America Inc. | ||
3.00%, 02/24/50 (a) | 4,000 | 2,911 |
3.38%, 02/08/61 (a) | 5,000 | 3,705 |
BP Capital Markets PLC (4.88% fixed rate until 03/22/30; 4.40% + 5 year CMT Rate thereafter) | ||
4.88%, 12/31/99 (a)(c) | 7,000 | 6,125 |
Bristol-Myers Squibb Co. | ||
1.45%, 11/13/30 (a) | 2,000 | 1,643 |
2.35%, 11/13/40 (a) | 2,000 | 1,483 |
2.95%, 03/15/32 | 5,000 | 4,590 |
3.20%, 06/15/26 (a) | 2,000 | 1,974 |
3.40%, 07/26/29 (a) | 2,000 | 1,932 |
4.13%, 06/15/39 (a) | 3,000 | 2,870 |
4.25%, 10/26/49 (a) | 3,000 | 2,819 |
4.55%, 02/20/48 (a) | 2,000 | 1,962 |
Brixmor Operating Partnership LP | ||
2.25%, 04/01/28 (a) | 8,000 | 6,864 |
Broadcom Inc. | ||
3.14%, 11/15/35 (g) | 3,000 | 2,292 |
3.42%, 04/15/33 (a)(g) | 4,000 | 3,307 |
3.47%, 04/15/34 (g) | 2,000 | 1,622 |
4.15%, 11/15/30 (a) | 2,000 | 1,834 |
4.30%, 11/15/32 (a) | 4,000 | 3,639 |
4.93%, 05/15/37 (g) | 1,996 | 1,793 |
Brown-Forman Corp. | ||
4.00%, 04/15/38 (a) | 2,000 | 1,810 |
Brunswick Corp. | ||
2.40%, 08/18/31 | 5,000 | 3,703 |
Bunge Limited Finance Corp. | ||
3.75%, 09/25/27 (a) | 3,000 | 2,885 |
Burlington Northern Santa Fe LLC | ||
4.15%, 12/15/48 (a) | 4,000 | 3,683 |
4.55%, 09/01/44 (a) | 7,000 | 6,732 |
Canadian Natural Resources Ltd. | ||
3.85%, 06/01/27 (a) | 5,000 | 4,802 |
4.95%, 06/01/47 (a) | 4,000 | 3,805 |
Canadian Pacific Railway Co. | ||
1.75%, 12/02/26 | 5,000 | 4,527 |
2.45%, 12/02/31 | 5,000 | 4,290 |
State Street Income V.I.S. Fund | 7 |
Principal Amount | Fair Value | |
Cantor Fitzgerald LP | ||
4.88%, 05/01/24 (a)(g) | $ 7,000 | $ 7,080 |
Capital One Financial Corp. | ||
3.75%, 07/28/26 (a) | 7,000 | 6,698 |
Cardinal Health Inc. | ||
3.08%, 06/15/24 (a) | 4,000 | 3,934 |
Carlisle Companies Inc. | ||
2.20%, 03/01/32 | 7,000 | 5,479 |
Carrier Global Corp. | ||
2.72%, 02/15/30 (a) | 3,000 | 2,593 |
3.58%, 04/05/50 (a) | 3,000 | 2,277 |
Caterpillar Inc. | ||
3.25%, 09/19/49 (a) | 5,000 | 4,110 |
Cenovus Energy Inc. | ||
2.65%, 01/15/32 | 5,000 | 4,141 |
3.75%, 02/15/52 | 5,000 | 3,803 |
Centene Corp. | ||
3.00%, 10/15/30 | 3,000 | 2,487 |
3.38%, 02/15/30 (a) | 14,000 | 11,873 |
4.25%, 12/15/27 (a) | 23,000 | 21,476 |
CenterPoint Energy Inc. | ||
2.65%, 06/01/31 | 5,000 | 4,264 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
3.50%, 06/01/41 (a) | 4,000 | 2,815 |
3.70%, 04/01/51 (a) | 4,000 | 2,718 |
4.80%, 03/01/50 (a) | 7,000 | 5,546 |
4.91%, 07/23/25 (a) | 5,000 | 5,013 |
5.05%, 03/30/29 (a) | 8,000 | 7,715 |
5.75%, 04/01/48 (a) | 5,000 | 4,496 |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25 (a) | 7,000 | 7,165 |
Chevron USA Inc. | ||
3.85%, 01/15/28 (a) | 4,000 | 3,979 |
3.90%, 11/15/24 (a) | 4,000 | 4,039 |
Chubb INA Holdings Inc. | ||
4.35%, 11/03/45 (a) | 6,000 | 5,655 |
Church & Dwight Company Inc. | ||
2.30%, 12/15/31 | 5,000 | 4,219 |
Cigna Corp. | ||
2.40%, 03/15/30 (a) | 3,000 | 2,576 |
3.25%, 04/15/25 (a) | 7,000 | 6,867 |
3.40%, 03/01/27 (a) | 5,000 | 4,808 |
3.75%, 07/15/23 (a) | 2,000 | 2,002 |
3.88%, 10/15/47 (a) | 2,000 | 1,647 |
4.13%, 11/15/25 (a) | 5,000 | 5,013 |
Principal Amount | Fair Value | |
4.38%, 10/15/28 (a) | $ 3,000 | $ 2,973 |
4.80%, 08/15/38 (a) | 3,000 | 2,921 |
Cintas Corp. No 2 | ||
4.00%, 05/01/32 | 8,000 | 7,862 |
Cisco Systems Inc. | ||
5.90%, 02/15/39 (a) | 3,000 | 3,415 |
Citigroup Inc. | ||
4.45%, 09/29/27 (a) | 4,000 | 3,933 |
4.65%, 07/23/48 (a) | 6,000 | 5,582 |
Citigroup Inc. (2.98% fixed rate until 11/05/29; 1.42% + SOFR thereafter) | ||
2.98%, 11/05/30 (a)(c) | 6,000 | 5,236 |
Citigroup Inc. (3.88% fixed rate until 01/24/38; 1.17% + 3 month USD LIBOR thereafter) | ||
3.88%, 01/24/39 (a)(c) | 6,000 | 5,193 |
Citigroup Inc. (4.70% fixed rate until 01/30/25; 3.23% + SOFR thereafter) | ||
4.70%, 12/31/99 (a)(c) | 6,000 | 4,956 |
CME Group Inc. | ||
3.75%, 06/15/28 (a) | 2,000 | 1,972 |
CMS Energy Corp. | ||
4.88%, 03/01/44 (a) | 7,000 | 6,669 |
CNH Industrial Capital LLC | ||
1.95%, 07/02/23 (a) | 7,000 | 6,841 |
CNOOC Petroleum North America ULC | ||
6.40%, 05/15/37 (a) | 7,000 | 7,787 |
Comcast Corp. | ||
2.80%, 01/15/51 (a) | 3,000 | 2,120 |
2.94%, 11/01/56 | 2,000 | 1,388 |
2.99%, 11/01/63 | 3,000 | 2,050 |
3.20%, 07/15/36 (a) | 5,000 | 4,241 |
3.25%, 11/01/39 (a) | 5,000 | 4,110 |
3.97%, 11/01/47 (a) | 3,000 | 2,594 |
4.15%, 10/15/28 (a) | 5,000 | 4,987 |
CommonSpirit Health | ||
4.35%, 11/01/42 | 16,000 | 14,348 |
Conagra Brands Inc. | ||
5.30%, 11/01/38 (a) | 3,000 | 2,833 |
5.40%, 11/01/48 (a) | 2,000 | 1,890 |
ConocoPhillips Co. | ||
4.30%, 11/15/44 (a) | 4,000 | 3,676 |
Consolidated Edison Company of New York Inc. | ||
3.35%, 04/01/30 (a) | 3,000 | 2,794 |
3.88%, 06/15/47 (a) | 2,000 | 1,674 |
8 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
3.95%, 04/01/50 (a) | $ 3,000 | $ 2,615 |
Constellation Brands Inc. | ||
3.15%, 08/01/29 (a) | 4,000 | 3,603 |
3.70%, 12/06/26 (a) | 4,000 | 3,896 |
4.50%, 05/09/47 (a) | 4,000 | 3,553 |
Continental Resources Inc. | ||
2.88%, 04/01/32 (g) | 5,000 | 3,910 |
3.80%, 06/01/24 (a) | 12,000 | 11,888 |
4.50%, 04/15/23 (a) | 7,000 | 7,025 |
Corebridge Financial Inc. | ||
3.90%, 04/05/32 (g) | 15,000 | 13,460 |
Corning Inc. | ||
4.38%, 11/15/57 (a) | 2,000 | 1,645 |
Corporate Office Properties LP | ||
2.00%, 01/15/29 | 5,000 | 4,032 |
2.25%, 03/15/26 (a) | 5,000 | 4,530 |
2.75%, 04/15/31 (a) | 3,000 | 2,434 |
Crown Castle International Corp. | ||
2.90%, 03/15/27 | 10,000 | 9,253 |
5.20%, 02/15/49 (a) | 4,000 | 3,843 |
CSL Finance PLC | ||
4.25%, 04/27/32 (g) | 6,000 | 5,867 |
CSX Corp. | ||
4.50%, 03/15/49 - 08/01/54 (a) | 10,000 | 9,285 |
CubeSmart LP | ||
2.50%, 02/15/32 | 5,000 | 4,061 |
4.38%, 02/15/29 (a) | 5,000 | 4,822 |
CVS Health Corp. | ||
3.00%, 08/15/26 (a) | 4,000 | 3,833 |
3.25%, 08/15/29 (a) | 3,000 | 2,740 |
3.63%, 04/01/27 (a) | 3,000 | 2,922 |
3.75%, 04/01/30 (a) | 3,000 | 2,806 |
4.25%, 04/01/50 (a) | 3,000 | 2,579 |
4.78%, 03/25/38 (a) | 3,000 | 2,840 |
5.00%, 12/01/24 (a) | 6,000 | 6,129 |
5.13%, 07/20/45 (a) | 2,000 | 1,931 |
5.30%, 12/05/43 (a) | 4,000 | 3,971 |
Danaher Corp. | ||
2.80%, 12/10/51 | 9,000 | 6,483 |
Dell International LLC/EMC Corp. | ||
4.00%, 07/15/24 | 6,000 | 5,983 |
5.45%, 06/15/23 | 2,000 | 2,023 |
6.02%, 06/15/26 | 3,000 | 3,112 |
Devon Energy Corp. | ||
5.00%, 06/15/45 (a) | 4,000 | 3,715 |
Principal Amount | Fair Value | |
DH Europe Finance II SARL | ||
2.60%, 11/15/29 (a) | $ 2,000 | $ 1,791 |
3.25%, 11/15/39 (a) | 3,000 | 2,489 |
3.40%, 11/15/49 (a) | 3,000 | 2,425 |
Diamondback Energy Inc. | ||
3.13%, 03/24/31 (a) | 4,000 | 3,484 |
3.50%, 12/01/29 (a) | 3,000 | 2,749 |
4.40%, 03/24/51 (a) | 3,000 | 2,565 |
Digital Realty Trust LP | ||
3.60%, 07/01/29 (a) | 8,000 | 7,249 |
Discovery Communications LLC | ||
2.95%, 03/20/23 (a) | 5,000 | 4,969 |
3.95%, 03/20/28 (a) | 6,000 | 5,611 |
4.95%, 05/15/42 (a) | 2,000 | 1,699 |
5.00%, 09/20/37 (a) | 3,000 | 2,698 |
Dollar General Corp. | ||
3.50%, 04/03/30 (a) | 4,000 | 3,686 |
4.13%, 04/03/50 (a) | 4,000 | 3,357 |
Dollar Tree Inc. | ||
4.00%, 05/15/25 (a) | 7,000 | 6,974 |
Dominion Energy Inc. | ||
3.07%, 08/15/24 (a)(b) | 5,000 | 4,883 |
3.38%, 04/01/30 (a) | 6,000 | 5,487 |
Dover Corp. | ||
2.95%, 11/04/29 (a) | 3,000 | 2,727 |
DTE Energy Co. | ||
2.85%, 10/01/26 (a) | 7,000 | 6,621 |
Duke Energy Carolinas LLC | ||
3.95%, 03/15/48 (a) | 3,000 | 2,642 |
Duke Energy Corp. | ||
2.55%, 06/15/31 | 6,000 | 4,988 |
3.30%, 06/15/41 | 7,000 | 5,419 |
3.50%, 06/15/51 | 7,000 | 5,280 |
3.75%, 09/01/46 (a) | 5,000 | 3,943 |
Duke Energy Corp. (4.88% fixed rate until 09/16/24; 3.39% + 5 year CMT Rate thereafter) | ||
4.88%, 12/31/99 (c) | 9,000 | 8,198 |
Duke Energy Progress LLC | ||
4.15%, 12/01/44 (a) | 9,000 | 8,062 |
Duke Realty LP | ||
3.05%, 03/01/50 (a) | 5,000 | 3,692 |
3.25%, 06/30/26 (a) | 4,000 | 3,849 |
Duquesne Light Holdings Inc. | ||
3.62%, 08/01/27 (a)(g) | 7,000 | 6,498 |
Eastman Chemical Co. | ||
4.65%, 10/15/44 (a) | 4,000 | 3,469 |
State Street Income V.I.S. Fund | 9 |
Principal Amount | Fair Value | |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | $ 2,000 | $ 1,910 |
Edison International | ||
4.95%, 04/15/25 (a) | 8,000 | 8,027 |
EI du Pont de Nemours & Co. | ||
2.30%, 07/15/30 (a) | 6,000 | 5,196 |
Electronic Arts Inc. | ||
1.85%, 02/15/31 (a) | 3,000 | 2,439 |
Elevance Health Inc. | ||
2.88%, 09/15/29 (a) | 3,000 | 2,704 |
3.30%, 01/15/23 (a) | 6,000 | 6,000 |
3.60%, 03/15/51 (a) | 3,000 | 2,431 |
3.70%, 09/15/49 (a) | 3,000 | 2,484 |
Emera US Finance LP | ||
2.64%, 06/15/31 | 8,000 | 6,628 |
Emerson Electric Co. | ||
1.80%, 10/15/27 (a) | 2,000 | 1,792 |
2.75%, 10/15/50 (a) | 2,000 | 1,442 |
Empower Finance 2020 LP | ||
1.36%, 09/17/27 (a)(g) | 8,000 | 6,881 |
1.78%, 03/17/31 (a)(g) | 8,000 | 6,416 |
Enbridge Energy Partners LP | ||
5.50%, 09/15/40 (a) | 2,000 | 1,994 |
Enbridge Inc. | ||
1.60%, 10/04/26 | 7,000 | 6,235 |
Enbridge Inc. (5.75% fixed rate until 04/15/30; 5.31% + 5 year CMT Rate thereafter) | ||
5.75%, 07/15/80 (a)(c) | 9,000 | 8,212 |
Energy Transfer LP | ||
4.50%, 04/15/24 (a) | 2,000 | 2,002 |
4.95%, 06/15/28 (a) | 4,000 | 3,942 |
5.30%, 04/01/44 - 04/15/47 (a) | 7,000 | 6,062 |
5.35%, 05/15/45 | 4,000 | 3,499 |
6.50%, 02/01/42 (a) | 4,000 | 4,010 |
Energy Transfer LP (6.75% fixed rate until 05/15/25; 5.13% + 5 year CMT Rate thereafter) | ||
6.75%, 12/31/99 (c) | 19,000 | 15,867 |
Energy Transfer LP/Regency Energy Finance Corp. | ||
4.50%, 11/01/23 (a) | 4,000 | 4,016 |
Enstar Group Ltd. | ||
3.10%, 09/01/31 | 5,000 | 3,964 |
Enterprise Products Operating LLC | ||
4.25%, 02/15/48 (a) | 6,000 | 5,057 |
Principal Amount | Fair Value | |
Enterprise Products Operating LLC (5.25% fixed rate until 08/16/27; 3.03% + 3 month USD LIBOR thereafter) | ||
5.25%, 08/16/77 (a)(c) | $ 5,000 | $ 4,201 |
EOG Resources Inc. | ||
4.95%, 04/15/50 (a) | 3,000 | 3,102 |
5.10%, 01/15/36 (a) | 2,000 | 2,000 |
Equinix Inc. | ||
1.25%, 07/15/25 (a) | 7,000 | 6,362 |
2.15%, 07/15/30 (a) | 6,000 | 4,872 |
Equinor ASA | ||
3.25%, 11/18/49 (a) | 4,000 | 3,176 |
ERP Operating LP | ||
4.50%, 07/01/44 (a) | 8,000 | 7,611 |
Everest Reinsurance Holdings Inc. | ||
3.13%, 10/15/52 | 5,000 | 3,484 |
Eversource Energy | ||
3.45%, 01/15/50 (a) | 5,000 | 3,861 |
Exelon Corp. | ||
4.05%, 04/15/30 (a) | 5,000 | 4,798 |
4.45%, 04/15/46 (a) | 5,000 | 4,512 |
4.70%, 04/15/50 | 4,000 | 3,731 |
Exxon Mobil Corp. | ||
2.61%, 10/15/30 (a) | 6,000 | 5,392 |
3.45%, 04/15/51 (a) | 6,000 | 4,927 |
FedEx Corp. | ||
4.10%, 02/01/45 (a) | 8,000 | 6,718 |
Fidelity National Information Services Inc. | ||
1.15%, 03/01/26 | 4,000 | 3,549 |
1.65%, 03/01/28 (a) | 3,000 | 2,563 |
FirstEnergy Transmission LLC | ||
4.55%, 04/01/49 (a)(g) | 7,000 | 5,696 |
Fiserv Inc. | ||
3.50%, 07/01/29 (a) | 3,000 | 2,736 |
4.40%, 07/01/49 (a) | 3,000 | 2,585 |
Florida Power & Light Co. | ||
2.85%, 04/01/25 (a) | 7,000 | 6,886 |
4.13%, 02/01/42 (a) | 6,000 | 5,650 |
Flowers Foods Inc. | ||
2.40%, 03/15/31 (a) | 3,000 | 2,456 |
Flowserve Corp. | ||
2.80%, 01/15/32 | 7,000 | 5,439 |
Ford Motor Co. | ||
4.35%, 12/08/26 (a) | 6,000 | 5,550 |
Fox Corp. | ||
3.50%, 04/08/30 (a) | 4,000 | 3,630 |
10 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Freeport-McMoRan Inc. | ||
4.25%, 03/01/30 | $ 5,000 | $ 4,585 |
GA Global Funding Trust | ||
1.63%, 01/15/26 (a)(g) | 5,000 | 4,503 |
General Dynamics Corp. | ||
4.25%, 04/01/50 (a) | 5,000 | 4,803 |
General Mills Inc. | ||
3.00%, 02/01/51 | 5,000 | 3,629 |
General Motors Co. | ��� | |
5.20%, 04/01/45 (a) | 3,000 | 2,527 |
5.40%, 04/01/48 (a) | 2,000 | 1,751 |
6.13%, 10/01/25 (a) | 6,000 | 6,204 |
6.80%, 10/01/27 (a) | 3,000 | 3,155 |
General Motors Financial Company Inc. | ||
1.25%, 01/08/26 (a) | 2,000 | 1,758 |
2.35%, 01/08/31 (a) | 4,000 | 3,107 |
5.25%, 03/01/26 (a) | 8,000 | 8,013 |
Genuine Parts Co. | ||
2.75%, 02/01/32 | 3,000 | 2,484 |
Georgia-Pacific LLC | ||
1.75%, 09/30/25 (a)(g) | 6,000 | 5,562 |
3.60%, 03/01/25 (a)(g) | 9,000 | 8,955 |
Gilead Sciences Inc. | ||
2.60%, 10/01/40 (a) | 2,000 | 1,467 |
2.80%, 10/01/50 (a) | 4,000 | 2,799 |
3.50%, 02/01/25 (a) | 4,000 | 3,956 |
3.65%, 03/01/26 (a) | 2,000 | 1,970 |
4.15%, 03/01/47 (a) | 5,000 | 4,412 |
GlaxoSmithKline Capital Inc. | ||
3.38%, 05/15/23 (a) | 7,000 | 7,030 |
3.63%, 05/15/25 (a) | 6,000 | 6,016 |
GlaxoSmithKline Capital PLC | ||
3.38%, 06/01/29 (a) | 5,000 | 4,822 |
Glencore Funding LLC | ||
3.88%, 04/27/51 (g) | 4,000 | 3,004 |
Graphic Packaging International LLC | ||
1.51%, 04/15/26 (a)(g) | 6,000 | 5,375 |
Gray Oak Pipeline LLC | ||
2.00%, 09/15/23 (a)(g) | 7,000 | 6,803 |
2.60%, 10/15/25 (a)(g) | 8,000 | 7,480 |
Halliburton Co. | ||
5.00%, 11/15/45 (a) | 4,000 | 3,670 |
HCA Inc. | ||
3.13%, 03/15/27 (g) | 10,000 | 9,140 |
3.50%, 09/01/30 | 5,000 | 4,264 |
3.63%, 03/15/32 (g) | 5,000 | 4,220 |
4.38%, 03/15/42 (g) | 5,000 | 3,968 |
Principal Amount | Fair Value | |
5.38%, 02/01/25 | $ 21,000 | $ 20,960 |
Health Care Service Corp. | ||
2.20%, 06/01/30 (a)(g) | 5,000 | 4,235 |
3.20%, 06/01/50 (a)(g) | 4,000 | 3,056 |
Healthcare Trust of America Holdings LP | ||
2.00%, 03/15/31 (a) | 5,000 | 3,878 |
Helmerich & Payne Inc. | ||
2.90%, 09/29/31 | 5,000 | 4,281 |
Hess Corp. | ||
5.60%, 02/15/41 (a) | 2,000 | 1,949 |
5.80%, 04/01/47 (a) | 2,000 | 2,002 |
Hewlett Packard Enterprise Co. | ||
6.35%, 10/15/45 (a) | 3,000 | 3,018 |
Highwoods Realty LP | ||
4.13%, 03/15/28 (a) | 5,000 | 4,781 |
4.20%, 04/15/29 (a) | 6,000 | 5,612 |
Honeywell International Inc. | ||
1.75%, 09/01/31 | 7,000 | 5,792 |
2.70%, 08/15/29 (a) | 2,000 | 1,838 |
Hormel Foods Corp. | ||
1.80%, 06/11/30 (a) | 7,000 | 5,872 |
Humana Inc. | ||
1.35%, 02/03/27 | 5,000 | 4,378 |
2.15%, 02/03/32 | 5,000 | 4,048 |
Huntington Bancshares Inc. | ||
2.55%, 02/04/30 (a) | 7,000 | 5,957 |
Hyundai Capital America | ||
1.30%, 01/08/26 (a)(g) | 8,000 | 7,133 |
Indiana Michigan Power Co. | ||
3.25%, 05/01/51 | 5,000 | 3,797 |
Ingredion Inc. | ||
3.90%, 06/01/50 (a) | 2,000 | 1,609 |
Intel Corp. | ||
2.00%, 08/12/31 | 6,000 | 5,025 |
2.45%, 11/15/29 (a) | 8,000 | 7,136 |
2.60%, 05/19/26 (a) | 6,000 | 5,806 |
2.80%, 08/12/41 | 5,000 | 3,805 |
2.88%, 05/11/24 (a) | 3,000 | 2,989 |
3.10%, 02/15/60 (a) | 5,000 | 3,580 |
Intercontinental Exchange Inc. | ||
1.85%, 09/15/32 (a) | 2,000 | 1,566 |
2.65%, 09/15/40 (a) | 2,000 | 1,464 |
Interstate Power & Light Co. | ||
3.40%, 08/15/25 (a) | 8,000 | 7,806 |
ITC Holdings Corp. | ||
2.95%, 05/14/30 (a)(g) | 6,000 | 5,288 |
State Street Income V.I.S. Fund | 11 |
Principal Amount | Fair Value | |
Jabil Inc. | ||
3.95%, 01/12/28 (a) | $ 2,000 | $ 1,910 |
4.25%, 05/15/27 | 10,000 | 9,704 |
John Deere Capital Corp. | ||
2.45%, 01/09/30 (a) | 9,000 | 8,066 |
Johnson & Johnson | ||
3.63%, 03/03/37 (a) | 3,000 | 2,850 |
Johnson Controls International PLC | ||
4.50%, 02/15/47 (a) | 3,000 | 2,623 |
JPMorgan Chase & Co. (2.96% fixed rate until 05/13/30; 2.52% + SOFR thereafter) | ||
2.96%, 05/13/31 (a)(c) | 5,000 | 4,327 |
JPMorgan Chase & Co. (3.16% fixed rate until 04/22/41; 1.46% + SOFR thereafter) | ||
3.16%, 04/22/42 (c) | 4,000 | 3,106 |
JPMorgan Chase & Co. (3.88% fixed rate until 07/24/37; 1.36% + 3 month USD LIBOR thereafter) | ||
3.88%, 07/24/38 (a)(c) | 2,000 | 1,764 |
JPMorgan Chase & Co. (3.90% fixed rate until 01/23/48; 1.22% + 3 month USD LIBOR thereafter) | ||
3.90%, 01/23/49 (a)(c) | 4,000 | 3,373 |
JPMorgan Chase & Co. (4.01% fixed rate until 04/23/28; 1.12% + 3 month USD LIBOR thereafter) | ||
4.01%, 04/23/29 (a)(c) | 4,000 | 3,835 |
JPMorgan Chase & Co. (4.03% fixed rate until 07/24/47; 1.46% + 3 month USD LIBOR thereafter) | ||
4.03%, 07/24/48 (a)(c) | 5,000 | 4,313 |
JPMorgan Chase & Co. (4.49% fixed rate until 03/24/30; 3.79% + SOFR thereafter) | ||
4.49%, 03/24/31 (a)(c) | 4,000 | 3,907 |
JPMorgan Chase & Co. (4.60% fixed rate until 02/01/25; 3.13% + SOFR thereafter) | ||
4.60%, 12/31/99 (a)(c) | 6,000 | 5,088 |
Principal Amount | Fair Value | |
JPMorgan Chase & Co. (6.10% fixed rate until 10/01/24; 3.33% + 3 month USD LIBOR thereafter) | ||
6.10%, 10/29/49 (a)(c) | $ 7,000 | $ 6,549 |
Kaiser Foundation Hospitals | ||
3.00%, 06/01/51 | 5,000 | 3,739 |
Kansas City Southern | ||
3.50%, 05/01/50 | 3,000 | 2,341 |
Keurig Dr Pepper Inc. | ||
3.20%, 05/01/30 (a) | 3,000 | 2,683 |
3.80%, 05/01/50 (a) | 2,000 | 1,585 |
Kinder Morgan Energy Partners LP | ||
4.70%, 11/01/42 (a) | 2,000 | 1,695 |
5.00%, 03/01/43 (a) | 2,000 | 1,750 |
6.38%, 03/01/41 (a) | 4,000 | 4,005 |
Kinder Morgan Inc. | ||
1.75%, 11/15/26 | 10,000 | 8,870 |
5.05%, 02/15/46 (a) | 8,000 | 7,149 |
KLA Corp. | ||
3.30%, 03/01/50 (a) | 3,000 | 2,378 |
4.65%, 11/01/24 (a) | 6,000 | 6,074 |
Kraft Heinz Foods Co. | ||
5.20%, 07/15/45 | 4,000 | 3,709 |
L3Harris Technologies Inc. | ||
3.85%, 12/15/26 (a) | 4,000 | 3,923 |
Lear Corp. | ||
4.25%, 05/15/29 (a) | 5,000 | 4,627 |
Leidos Inc. | ||
3.63%, 05/15/25 | 5,000 | 4,897 |
4.38%, 05/15/30 | 7,000 | 6,443 |
Liberty Mutual Group Inc. | ||
3.95%, 05/15/60 (a)(g) | 3,000 | 2,150 |
Life Storage LP | ||
2.20%, 10/15/30 (a) | 8,000 | 6,418 |
Lincoln National Corp. | ||
4.35%, 03/01/48 (a) | 5,000 | 4,236 |
Lockheed Martin Corp. | ||
4.50%, 05/15/36 (a) | 5,000 | 4,996 |
Lowe's Companies Inc. | ||
1.30%, 04/15/28 (a) | 3,000 | 2,536 |
1.70%, 09/15/28 | 3,000 | 2,557 |
1.70%, 10/15/30 (a) | 3,000 | 2,409 |
3.00%, 10/15/50 (a) | 5,000 | 3,486 |
4.05%, 05/03/47 (a) | 4,000 | 3,350 |
LYB International Finance III LLC | ||
3.63%, 04/01/51 (a) | 3,000 | 2,218 |
12 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Marsh & McLennan Companies Inc. | ||
2.38%, 12/15/31 | $ 3,000 | $ 2,529 |
Masco Corp. | ||
3.50%, 11/15/27 (a) | 2,000 | 1,895 |
McCormick & Company Inc. | ||
1.85%, 02/15/31 (a) | 3,000 | 2,384 |
3.25%, 11/15/25 (a) | 9,000 | 8,692 |
McDonald's Corp. | ||
3.60%, 07/01/30 (a) | 7,000 | 6,666 |
3.63%, 09/01/49 (a) | 3,000 | 2,459 |
4.88%, 12/09/45 (a) | 7,000 | 6,867 |
Medtronic Inc. | ||
4.63%, 03/15/45 (a) | 2,000 | 2,006 |
Memorial Sloan-Kettering Cancer Center | ||
4.13%, 07/01/52 (a) | 7,000 | 6,500 |
Merck & Company Inc. | ||
1.90%, 12/10/28 | 10,000 | 8,885 |
2.45%, 06/24/50 (a) | 3,000 | 2,114 |
2.75%, 02/10/25 (a) | 7,000 | 6,909 |
2.75%, 12/10/51 | 3,000 | 2,223 |
4.00%, 03/07/49 (a) | 2,000 | 1,848 |
MetLife Inc. | ||
4.72%, 12/15/44 (a) | 5,000 | 4,783 |
Microchip Technology Inc. | ||
2.67%, 09/01/23 | 8,000 | 7,866 |
Micron Technology Inc. | ||
3.37%, 11/01/41 | 5,000 | 3,628 |
3.48%, 11/01/51 | 3,000 | 2,079 |
Microsoft Corp. | ||
2.40%, 08/08/26 (a) | 4,000 | 3,857 |
2.68%, 06/01/60 (a) | 3,000 | 2,156 |
2.92%, 03/17/52 (a) | 7,000 | 5,526 |
3.45%, 08/08/36 (a) | 3,000 | 2,833 |
3.50%, 02/12/35 (a) | 3,000 | 2,882 |
Mid-America Apartments LP | ||
2.88%, 09/15/51 | 5,000 | 3,477 |
Molson Coors Beverage Co. | ||
4.20%, 07/15/46 (a) | 4,000 | 3,275 |
Morgan Stanley (1.51% fixed rate until 07/20/26; 0.86% + SOFR thereafter) | ||
1.51%, 07/20/27 (c) | 6,000 | 5,275 |
Morgan Stanley (2.48% fixed rate until 09/16/31; 1.36% + SOFR thereafter) | ||
2.48%, 09/16/36 (c) | 10,000 | 7,689 |
Principal Amount | Fair Value | |
Morgan Stanley (2.80% fixed rate until 01/25/51; 1.43% + SOFR thereafter) | ||
2.80%, 01/25/52 (a)(c) | $ 5,000 | $ 3,460 |
Morgan Stanley (3.97% fixed rate until 07/22/37; 1.46% + 3 month USD LIBOR thereafter) | ||
3.97%, 07/22/38 (a)(c) | 7,000 | 6,260 |
MPLX LP | ||
2.65%, 08/15/30 (a) | 3,000 | 2,505 |
Mylan Inc. | ||
5.20%, 04/15/48 (a) | 3,000 | 2,383 |
National Retail Properties Inc. | ||
4.00%, 11/15/25 (a) | 4,000 | 3,979 |
Newmont Corp. | ||
4.88%, 03/15/42 (a) | 5,000 | 4,789 |
NextEra Energy Capital Holdings Inc. (5.65% fixed rate until 05/01/29; 3.16% + 3 month USD LIBOR thereafter) | ||
5.65%, 05/01/79 (a)(c) | 5,000 | 4,409 |
NGPL PipeCo LLC | ||
3.25%, 07/15/31 (g) | 8,000 | 6,680 |
NIKE Inc. | ||
3.38%, 03/27/50 (a) | 2,000 | 1,701 |
NiSource Inc. | ||
3.60%, 05/01/30 (a) | 5,000 | 4,582 |
3.95%, 03/30/48 (a) | 2,000 | 1,657 |
Norfolk Southern Corp. | ||
3.95%, 10/01/42 (a) | 4,000 | 3,498 |
NOV Inc. | ||
3.60%, 12/01/29 (a) | 5,000 | 4,486 |
Novant Health Inc. | ||
3.32%, 11/01/61 | 5,000 | 3,808 |
Novartis Capital Corp. | ||
2.20%, 08/14/30 (a) | 4,000 | 3,528 |
3.00%, 11/20/25 (a) | 3,000 | 2,960 |
Nutrien Ltd. | ||
4.90%, 06/01/43 (a) | 4,000 | 3,855 |
NVIDIA Corp. | ||
2.85%, 04/01/30 (a) | 6,000 | 5,495 |
3.50%, 04/01/50 (a) | 2,000 | 1,700 |
NXP BV/NXP Funding LLC/NXP USA Inc. | ||
3.25%, 11/30/51 | 5,000 | 3,503 |
Oklahoma Gas & Electric Co. | ||
3.25%, 04/01/30 (a) | 3,000 | 2,762 |
State Street Income V.I.S. Fund | 13 |
Principal Amount | Fair Value | |
Oncor Electric Delivery Company LLC | ||
3.80%, 09/30/47 (a) | $ 2,000 | $ 1,761 |
ONEOK Inc. | ||
4.35%, 03/15/29 (a) | 4,000 | 3,761 |
Oracle Corp. | ||
2.95%, 04/01/30 (a) | 7,000 | 5,975 |
3.60%, 04/01/50 (a) | 4,000 | 2,792 |
3.65%, 03/25/41 (a) | 5,000 | 3,726 |
3.80%, 11/15/37 (a) | 3,000 | 2,334 |
3.95%, 03/25/51 (a) | 5,000 | 3,671 |
4.00%, 07/15/46 - 11/15/47 (a) | 9,000 | 6,682 |
4.10%, 03/25/61 (a) | 5,000 | 3,582 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 5,000 | 4,734 |
2.57%, 02/15/30 (a) | 3,000 | 2,594 |
3.36%, 02/15/50 (a) | 3,000 | 2,258 |
Owens Corning | ||
4.40%, 01/30/48 (a) | 3,000 | 2,477 |
Pacific Gas & Electric Co. | ||
2.10%, 08/01/27 (a) | 3,000 | 2,520 |
2.50%, 02/01/31 (a) | 4,000 | 3,074 |
3.00%, 06/15/28 | 5,000 | 4,326 |
3.30%, 08/01/40 (a) | 4,000 | 2,764 |
3.50%, 08/01/50 (a) | 3,000 | 2,004 |
4.30%, 03/15/45 (a) | 5,000 | 3,638 |
PacifiCorp | ||
2.70%, 09/15/30 (a) | 3,000 | 2,649 |
2.90%, 06/15/52 | 8,000 | 5,856 |
6.25%, 10/15/37 (a) | 2,000 | 2,241 |
Paramount Global | ||
2.90%, 01/15/27 (a) | 5,000 | 4,607 |
3.70%, 06/01/28 (a) | 2,000 | 1,864 |
5.25%, 04/01/44 (a) | 3,000 | 2,567 |
Parker-Hannifin Corp. | ||
3.25%, 06/14/29 (a) | 3,000 | 2,743 |
4.50%, 09/15/29 | 5,000 | 4,975 |
PartnerRe Finance B LLC (4.50% fixed rate until 04/01/30; 3.82% + 5 year CMT Rate thereafter) | ||
4.50%, 10/01/50 (a)(c) | 4,000 | 3,330 |
PayPal Holdings Inc. | ||
2.65%, 10/01/26 (a) | 6,000 | 5,691 |
3.25%, 06/01/50 (a) | 2,000 | 1,510 |
PepsiCo Inc. | ||
1.63%, 05/01/30 (a) | 3,000 | 2,544 |
2.75%, 10/21/51 | 7,000 | 5,380 |
Principal Amount | Fair Value | |
Petroleos Mexicanos | ||
5.35%, 02/12/28 (a) | $ 10,000 | $ 7,925 |
6.70%, 02/16/32 | 10,000 | 7,624 |
7.69%, 01/23/50 (a) | 10,000 | 6,707 |
Pfizer Inc. | ||
2.70%, 05/28/50 (a) | 6,000 | 4,590 |
3.45%, 03/15/29 (a) | 2,000 | 1,945 |
3.60%, 09/15/28 (a) | 5,000 | 4,973 |
3.90%, 03/15/39 (a) | 3,000 | 2,830 |
4.40%, 05/15/44 (a) | 2,000 | 1,960 |
Philip Morris International Inc. | ||
1.50%, 05/01/25 (a) | 4,000 | 3,743 |
2.10%, 05/01/30 (a) | 3,000 | 2,451 |
4.13%, 03/04/43 (a) | 2,000 | 1,611 |
Phillips 66 Co. | ||
2.15%, 12/15/30 (a) | 8,000 | 6,531 |
3.15%, 12/15/29 (g) | 8,000 | 7,167 |
3.30%, 03/15/52 | 5,000 | 3,729 |
3.75%, 03/01/28 (g) | 3,000 | 2,851 |
4.68%, 02/15/45 (g) | 4,000 | 3,682 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 9,000 | 8,049 |
2.15%, 01/15/31 (a) | 5,000 | 4,120 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.55%, 12/15/29 (a) | 3,000 | 2,647 |
Precision Castparts Corp. | ||
4.38%, 06/15/45 (a) | 6,000 | 5,726 |
Prospect Capital Corp. | ||
3.36%, 11/15/26 | 7,000 | 5,941 |
Prudential Financial Inc. | ||
3.94%, 12/07/49 (a) | 5,000 | 4,308 |
Prudential Financial Inc. (5.70% fixed rate until 09/15/28; 2.67% + 3 month USD LIBOR thereafter) | ||
5.70%, 09/15/48 (a)(c) | 7,000 | 6,819 |
Public Service Company of Colorado | ||
3.70%, 06/15/28 (a) | 5,000 | 4,923 |
Public Service Electric & Gas Co. | ||
2.38%, 05/15/23 (a) | 8,000 | 7,914 |
PVH Corp. | ||
4.63%, 07/10/25 (a) | 7,000 | 6,988 |
QUALCOMM Inc. | ||
1.30%, 05/20/28 (a) | 3,000 | 2,598 |
4.30%, 05/20/47 (a) | 3,000 | 2,875 |
14 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Quanta Services Inc. | ||
2.35%, 01/15/32 | $ 5,000 | $ 3,853 |
3.05%, 10/01/41 | 5,000 | 3,469 |
Raytheon Technologies Corp. | ||
1.90%, 09/01/31 | 7,000 | 5,734 |
2.82%, 09/01/51 | 5,000 | 3,571 |
3.95%, 08/16/25 (a) | 2,000 | 2,008 |
4.15%, 05/15/45 (a) | 3,000 | 2,666 |
4.45%, 11/16/38 (a) | 2,000 | 1,924 |
Realty Income Corp. | ||
2.85%, 12/15/32 | 5,000 | 4,285 |
3.00%, 01/15/27 (a) | 5,000 | 4,734 |
3.25%, 01/15/31 (a) | 5,000 | 4,553 |
Regeneron Pharmaceuticals Inc. | ||
1.75%, 09/15/30 (a) | 6,000 | 4,813 |
Reynolds American Inc. | ||
4.45%, 06/12/25 (a) | 4,000 | 3,985 |
Rio Tinto Finance USA PLC | ||
4.13%, 08/21/42 (a) | 4,000 | 3,688 |
Rockwell Automation Inc. | ||
4.20%, 03/01/49 (a) | 2,000 | 1,851 |
Rogers Communications Inc. | ||
5.00%, 03/15/44 (a) | 2,000 | 1,858 |
Roper Technologies Inc. | ||
2.95%, 09/15/29 (a) | 2,000 | 1,762 |
Ross Stores Inc. | ||
4.70%, 04/15/27 (a) | 3,000 | 3,017 |
Royalty Pharma PLC | ||
0.75%, 09/02/23 | 5,000 | 4,814 |
1.20%, 09/02/25 | 5,000 | 4,480 |
1.75%, 09/02/27 | 3,000 | 2,559 |
2.15%, 09/02/31 | 5,000 | 3,904 |
2.20%, 09/02/30 | 3,000 | 2,421 |
RPM International Inc. | ||
3.75%, 03/15/27 (a) | 2,000 | 1,919 |
Ryder System Inc. | ||
2.90%, 12/01/26 (a) | 7,000 | 6,522 |
Sabine Pass Liquefaction LLC | ||
4.20%, 03/15/28 (a) | 2,000 | 1,923 |
4.50%, 05/15/30 (a) | 3,000 | 2,882 |
5.00%, 03/15/27 (a) | 2,000 | 2,008 |
5.88%, 06/30/26 (a) | 7,000 | 7,232 |
Salesforce Inc. | ||
1.95%, 07/15/31 | 8,000 | 6,799 |
2.70%, 07/15/41 | 5,000 | 3,871 |
Schlumberger Holdings Corp. | ||
3.90%, 05/17/28 (a)(g) | 4,000 | 3,783 |
Principal Amount | Fair Value | |
Sealed Air Corp. | ||
1.57%, 10/15/26 (g) | $ 12,000 | $ 10,443 |
Selective Insurance Group Inc. | ||
5.38%, 03/01/49 (a) | 3,000 | 2,845 |
Sempra Energy | ||
3.80%, 02/01/38 (a) | 2,000 | 1,687 |
4.00%, 02/01/48 (a) | 4,000 | 3,313 |
Sempra Energy (4.13% fixed rate until 01/01/27; 2.87% + 5 year CMT Rate thereafter) | ||
4.13%, 04/01/52 (c) | 7,000 | 5,621 |
Shell International Finance BV | ||
3.75%, 09/12/46 (a) | 6,000 | 5,099 |
Shire Acquisitions Investments Ireland DAC | ||
2.88%, 09/23/23 (a) | 2,000 | 1,978 |
3.20%, 09/23/26 (a) | 3,000 | 2,881 |
Simon Property Group LP | ||
3.38%, 06/15/27 (a) | 4,000 | 3,790 |
Sonoco Products Co. | ||
2.85%, 02/01/32 | 5,000 | 4,180 |
Southern California Edison Co. | ||
4.00%, 04/01/47 (a) | 9,000 | 7,300 |
4.20%, 03/01/29 (a) | 8,000 | 7,704 |
Southern Company Gas Capital Corp. | ||
3.95%, 10/01/46 (a) | 4,000 | 3,267 |
4.40%, 05/30/47 (a) | 2,000 | 1,746 |
Southwest Airlines Co. | ||
2.63%, 02/10/30 (a) | 7,000 | 5,905 |
Southwestern Electric Power Co. | ||
2.75%, 10/01/26 (a) | 5,000 | 4,683 |
Spectra Energy Partners LP | ||
3.38%, 10/15/26 (a) | 2,000 | 1,906 |
4.50%, 03/15/45 (a) | 3,000 | 2,608 |
Spirit Realty LP | ||
4.00%, 07/15/29 (a) | 8,000 | 7,281 |
Stanley Black & Decker Inc. | ||
3.00%, 05/15/32 | 5,000 | 4,415 |
Starbucks Corp. | ||
4.00%, 11/15/28 (a) | 4,000 | 3,909 |
Stryker Corp. | ||
1.95%, 06/15/30 (a) | 7,000 | 5,822 |
Suncor Energy Inc. | ||
4.00%, 11/15/47 (a) | 3,000 | 2,559 |
Sysco Corp. | ||
3.25%, 07/15/27 (a) | 2,000 | 1,905 |
State Street Income V.I.S. Fund | 15 |
Principal Amount | Fair Value | |
Take-Two Interactive Software Inc. | ||
3.70%, 04/14/27 | $ 15,000 | $ 14,554 |
4.00%, 04/14/32 | 5,000 | 4,694 |
Tampa Electric Co. | ||
2.40%, 03/15/31 (a) | 8,000 | 6,910 |
3.45%, 03/15/51 | 5,000 | 3,976 |
4.35%, 05/15/44 (a) | 6,000 | 5,476 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
5.00%, 01/15/28 | 10,000 | 9,553 |
Target Corp. | ||
2.50%, 04/15/26 (a) | 3,000 | 2,879 |
Teck Resources Ltd. | ||
5.40%, 02/01/43 (a) | 2,000 | 1,871 |
Texas Instruments Inc. | ||
3.88%, 03/15/39 (a) | 4,000 | 3,766 |
The Allstate Corp. | ||
4.20%, 12/15/46 (a) | 3,000 | 2,730 |
The Allstate Corp. (5.75% fixed rate until 08/15/23; 2.94% + 3 month USD LIBOR thereafter) | ||
5.75%, 08/15/53 (a)(c) | 9,000 | 7,992 |
The Bank of New York Mellon Corp. (4.63% fixed rate until 09/20/26; 3.13% + 3 month USD LIBOR thereafter) | ||
4.63%, 12/29/49 (a)(c) | 5,000 | 4,350 |
The Bank of Nova Scotia (4.65% fixed rate until 10/12/22; 2.65% + 3 month USD LIBOR thereafter) | ||
4.65%, 12/31/99 (a)(c) | 8,000 | 6,992 |
The Boeing Co. | ||
2.70%, 02/01/27 (a) | 6,000 | 5,340 |
2.95%, 02/01/30 (a) | 6,000 | 4,979 |
3.25%, 03/01/28 (a) | 3,000 | 2,694 |
3.75%, 02/01/50 (a) | 2,000 | 1,410 |
5.04%, 05/01/27 (a) | 7,000 | 6,915 |
5.15%, 05/01/30 (a) | 7,000 | 6,716 |
5.81%, 05/01/50 (a) | 5,000 | 4,604 |
The Charles Schwab Corp. | ||
2.45%, 03/03/27 | 5,000 | 4,666 |
The Charles Schwab Corp. (4.00% fixed rate until 12/01/30; 3.08% + 10 year CMT Rate thereafter) | ||
4.00%, 12/31/99 (c) | 8,000 | 6,188 |
Principal Amount | Fair Value | |
The Cleveland Electric Illuminating Co. | ||
4.55%, 11/15/30 (a)(g) | $ 6,000 | $ 5,922 |
The Clorox Co. | ||
1.80%, 05/15/30 (a) | 6,000 | 4,906 |
The Coca-Cola Co. | ||
2.60%, 06/01/50 (a) | 3,000 | 2,238 |
2.75%, 06/01/60 (a) | 3,000 | 2,160 |
The Dow Chemical Co. | ||
2.10%, 11/15/30 (a) | 7,000 | 5,766 |
3.60%, 11/15/50 (a) | 3,000 | 2,290 |
4.25%, 10/01/34 (a) | 3,000 | 2,844 |
The Estee Lauder Companies Inc. | ||
2.38%, 12/01/29 (a) | 3,000 | 2,670 |
The George Washington University | ||
4.13%, 09/15/48 | 8,000 | 7,339 |
The Goldman Sachs Group Inc. | ||
3.50%, 04/01/25 - 11/16/26 (a) | 12,000 | 11,640 |
3.85%, 01/26/27 (a) | 6,000 | 5,805 |
4.25%, 10/21/25 (a) | 2,000 | 1,988 |
5.15%, 05/22/45 (a) | 5,000 | 4,758 |
The Goldman Sachs Group Inc. (2.38% fixed rate until 07/21/31; 1.25% + SOFR thereafter) | ||
2.38%, 07/21/32 (c) | 5,000 | 4,047 |
The Goldman Sachs Group Inc. (2.91% fixed rate until 07/21/41; 1.47% + SOFR thereafter) | ||
2.91%, 07/21/42 (c) | 5,000 | 3,646 |
The Goldman Sachs Group Inc. (3.21% fixed rate until 04/22/41; 1.51% + SOFR thereafter) | ||
3.21%, 04/22/42 (c) | 5,000 | 3,815 |
The Goldman Sachs Group Inc. (3.81% fixed rate until 04/23/28; 1.16% + 3 month USD LIBOR thereafter) | ||
3.81%, 04/23/29 (a)(c) | 4,000 | 3,771 |
The Goldman Sachs Group Inc. (4.02% fixed rate until 10/31/37; 1.37% + 3 month USD LIBOR thereafter) | ||
4.02%, 10/31/38 (a)(c) | 2,000 | 1,747 |
16 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
The Goldman Sachs Group Inc. (4.22% fixed rate until 05/01/28; 1.30% + 3 month USD LIBOR thereafter) | ||
4.22%, 05/01/29 (a)(c) | $ 4,000 | $ 3,839 |
The Hartford Financial Services Group Inc. (3.54% fixed rate until 07/01/22; 2.13% + 3 month USD LIBOR thereafter) | ||
3.54%, 02/12/67 (a)(c)(g) | 6,000 | 4,779 |
The Home Depot Inc. | ||
2.70%, 04/15/30 (a) | 2,000 | 1,815 |
3.35%, 04/15/50 (a) | 3,000 | 2,431 |
3.50%, 09/15/56 (a) | 5,000 | 4,082 |
3.90%, 12/06/28 (a) | 4,000 | 4,002 |
4.50%, 12/06/48 (a) | 2,000 | 1,951 |
The Northwestern Mutual Life Insurance Co. | ||
3.45%, 03/30/51 (a)(g) | 8,000 | 6,052 |
The Progressive Corp. | ||
2.50%, 03/15/27 | 5,000 | 4,718 |
3.00%, 03/15/32 | 5,000 | 4,507 |
The Toronto-Dominion Bank | ||
3.20%, 03/10/32 | 11,000 | 9,813 |
4.46%, 06/08/32 | 5,000 | 4,944 |
The Toronto-Dominion Bank (3.63% fixed rate until 09/15/26; 2.21% + USD 5 year Swap Rate thereafter) | ||
3.63%, 09/15/31 (a)(c) | 8,000 | 7,699 |
The Travelers Companies Inc. | ||
2.55%, 04/27/50 (a) | 4,000 | 2,781 |
The Walt Disney Co. | ||
2.65%, 01/13/31 (a) | 6,000 | 5,282 |
3.38%, 11/15/26 (a) | 3,000 | 2,931 |
3.60%, 01/13/51 (a) | 2,000 | 1,670 |
4.75%, 11/15/46 (a) | 2,000 | 1,959 |
6.65%, 11/15/37 (a) | 4,000 | 4,766 |
The Williams Companies Inc. | ||
3.75%, 06/15/27 (a) | 3,000 | 2,869 |
4.85%, 03/01/48 (a) | 5,000 | 4,528 |
4.90%, 01/15/45 (a) | 4,000 | 3,579 |
5.40%, 03/04/44 (a) | 2,000 | 1,906 |
Thermo Fisher Scientific Inc. | ||
2.80%, 10/15/41 | 5,000 | 3,921 |
Time Warner Cable LLC | ||
6.55%, 05/01/37 (a) | 3,000 | 3,004 |
T-Mobile USA Inc. | ||
3.50%, 04/15/25 | 7,000 | 6,854 |
Principal Amount | Fair Value | |
3.75%, 04/15/27 | $ 6,000 | $ 5,772 |
3.88%, 04/15/30 | 9,000 | 8,403 |
TotalEnergies Capital International S.A. | ||
3.46%, 02/19/29 (a) | 5,000 | 4,765 |
Trane Technologies Luxembourg Finance S.A. | ||
3.55%, 11/01/24 (a) | 7,000 | 6,905 |
3.80%, 03/21/29 (a) | 4,000 | 3,754 |
TransCanada PipeLines Ltd. | ||
4.25%, 05/15/28 (a) | 7,000 | 6,810 |
Transcanada Trust (5.63% fixed rate until 05/20/25; 3.53% + 3 month USD LIBOR thereafter) | ||
5.63%, 05/20/75 (a)(c) | 9,000 | 8,468 |
Transcontinental Gas Pipe Line Company LLC | ||
4.00%, 03/15/28 (a) | 4,000 | 3,883 |
Truist Financial Corp. (4.80% fixed rate until 09/01/24; 3.00% + 5 year CMT Rate thereafter) | ||
4.80%, 12/31/99 (a)(c) | 9,000 | 8,059 |
TWDC Enterprises 18 Corp. | ||
4.13%, 06/01/44 (a) | 4,000 | 3,628 |
Tyco Electronics Group S.A. | ||
3.13%, 08/15/27 | 3,000 | 2,880 |
Tyson Foods Inc. | ||
4.00%, 03/01/26 (a) | 5,000 | 4,952 |
UDR Inc. | ||
2.10%, 08/01/32 (a) | 5,000 | 3,899 |
3.00%, 08/15/31 (a) | 5,000 | 4,272 |
Union Pacific Corp. | ||
3.55%, 05/20/61 | 4,000 | 3,156 |
3.80%, 04/06/71 | 5,000 | 4,013 |
4.10%, 09/15/67 (a) | 5,000 | 4,258 |
UnitedHealth Group Inc. | ||
2.00%, 05/15/30 (a) | 8,000 | 6,857 |
4.20%, 05/15/32 | 5,000 | 5,001 |
4.45%, 12/15/48 (a) | 4,000 | 3,832 |
4.75%, 07/15/45 (a) | 6,000 | 6,049 |
4.75%, 05/15/52 | 4,000 | 4,001 |
Utah Acquisition Sub Inc. | ||
3.95%, 06/15/26 (a) | 2,000 | 1,886 |
Valero Energy Corp. | ||
2.85%, 04/15/25 (a) | 2,000 | 1,934 |
4.00%, 04/01/29 (a) | 2,000 | 1,888 |
Ventas Realty LP | ||
3.25%, 10/15/26 (a) | 7,000 | 6,609 |
State Street Income V.I.S. Fund | 17 |
Principal Amount | Fair Value | |
Verizon Communications Inc. | ||
2.10%, 03/22/28 (a) | $ 8,000 | $ 7,106 |
2.36%, 03/15/32 | 8,000 | 6,636 |
3.00%, 03/22/27 (a) | 4,000 | 3,802 |
3.40%, 03/22/41 (a) | 4,000 | 3,255 |
3.55%, 03/22/51 (a) | 3,000 | 2,405 |
3.70%, 03/22/61 (a) | 3,000 | 2,356 |
4.40%, 11/01/34 (a) | 5,000 | 4,798 |
Virginia Electric & Power Co. | ||
4.00%, 11/15/46 (a) | 5,000 | 4,414 |
Visa Inc. | ||
2.70%, 04/15/40 (a) | 4,000 | 3,229 |
Vistra Operations Company LLC | ||
3.55%, 07/15/24 (a)(g) | 6,000 | 5,791 |
Vodafone Group PLC | ||
4.38%, 05/30/28 (a) | 5,000 | 4,972 |
5.25%, 05/30/48 (a) | 2,000 | 1,902 |
Vontier Corp. | ||
2.40%, 04/01/28 | 8,000 | 6,596 |
2.95%, 04/01/31 | 6,000 | 4,676 |
Vornado Realty LP | ||
2.15%, 06/01/26 | 4,000 | 3,559 |
Vulcan Materials Co. | ||
3.90%, 04/01/27 (a) | 2,000 | 1,968 |
Walmart Inc. | ||
1.80%, 09/22/31 | 5,000 | 4,251 |
2.50%, 09/22/41 | 5,000 | 3,874 |
Waste Connections Inc. | ||
2.20%, 01/15/32 | 5,000 | 4,100 |
2.95%, 01/15/52 | 5,000 | 3,582 |
WEC Energy Group Inc. | ||
3.55%, 06/15/25 (a) | 2,000 | 1,963 |
Wells Fargo & Co. | ||
4.15%, 01/24/29 (a) | 7,000 | 6,768 |
4.75%, 12/07/46 (a) | 2,000 | 1,824 |
Wells Fargo & Co. (2.19% fixed rate until 04/30/25; 2.00% + SOFR thereafter) | ||
2.19%, 04/30/26 (a)(c) | 8,000 | 7,500 |
Wells Fargo & Co. (2.39% fixed rate until 06/02/27; 2.10% + SOFR thereafter) | ||
2.39%, 06/02/28 (a)(c) | 2,000 | 1,792 |
Wells Fargo & Co. (3.07% fixed rate until 04/30/40; 2.53% + SOFR thereafter) | ||
3.07%, 04/30/41 (a)(c) | 7,000 | 5,456 |
Principal Amount | Fair Value | |
Wells Fargo & Co. (5.88% fixed rate until 06/15/25; 3.99% + 3 month USD LIBOR thereafter) | ||
5.88%, 12/29/49 (c) | $ 7,000 | $ 6,815 |
Westlake Corp. | ||
2.88%, 08/15/41 | 3,000 | 2,125 |
3.13%, 08/15/51 | 3,000 | 2,092 |
3.38%, 08/15/61 | 2,000 | 1,351 |
Westpac Banking Corp. (2.89% fixed rate until 02/04/25; 1.35% + 5 year CMT Rate thereafter) | ||
2.89%, 02/04/30 (a)(c) | 7,000 | 6,634 |
Westpac Banking Corp. (4.11% fixed rate until 07/24/29; 2.00% + 5 year CMT Rate thereafter) | ||
4.11%, 07/24/34 (a)(c) | 5,000 | 4,574 |
Weyerhaeuser Co. | ||
4.00%, 03/09/52 | 5,000 | 4,102 |
Willis North America Inc. | ||
3.88%, 09/15/49 (a) | 4,000 | 3,117 |
Workday Inc. | ||
3.50%, 04/01/27 | 5,000 | 4,790 |
3.70%, 04/01/29 | 10,000 | 9,373 |
WPP Finance 2010 | ||
3.75%, 09/19/24 (a) | 8,000 | 7,820 |
Xcel Energy Inc. | ||
3.40%, 06/01/30 (a) | 3,000 | 2,759 |
Yamana Gold Inc. | ||
2.63%, 08/15/31 | 6,000 | 4,823 |
Zoetis Inc. | ||
3.00%, 09/12/27 (a) | 3,000 | 2,830 |
3.90%, 08/20/28 (a) | 4,000 | 3,877 |
3,070,739 | ||
Non-Agency Collateralized Mortgage Obligations - 6.1% | ||
BANK 2017-BNK7 | ||
3.18%, 09/15/60 (a) | 158,000 | 149,878 |
BANK 2018-BNK15 | ||
4.41%, 11/15/61 (a)(c) | 66,000 | 66,461 |
BPR Trust 2022-OANA 1.90% + 1 month USD LIBOR | ||
3.18%, 04/15/37 (c)(g) | 24,770 | 24,236 |
Cantor Commercial Real Estate Lending 2019-CF3 | ||
3.01%, 01/15/53 (a) | 34,000 | 30,997 |
CD 2019-CD8 Mortgage Trust | ||
2.91%, 08/15/57 (a) | 63,000 | 57,340 |
18 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Citigroup Commercial Mortgage Trust 2016-P6 | ||
4.03%, 12/10/49 (a)(c) | $ 31,273 | $ 30,037 |
COMM 2014-CR14 Mortgage Trust | ||
4.53%, 02/10/47 (a)(c) | 25,000 | 24,922 |
GS Mortgage Securities Trust 2015-GS1 | ||
4.57%, 11/10/48 (a)(c) | 25,000 | 20,610 |
GS Mortgage Securities Trust 2018-GS9 | ||
4.14%, 03/10/51 (a)(c) | 25,000 | 24,067 |
GS Mortgage Securities Trust 2019-GC42 | ||
2.75%, 09/01/52 (a) | 105,000 | 94,626 |
GS Mortgage Securities Trust 2019-GSA1 | ||
3.05%, 11/10/52 (a) | 56,000 | 51,382 |
JPMBB Commercial Mortgage Securities Trust 2013-C12 | ||
4.17%, 07/15/45 (a)(c) | 15,000 | 14,862 |
JPMBB Commercial Mortgage Securities Trust 2015-C32 | ||
4.81%, 11/15/48 (a)(c) | 20,000 | 15,725 |
MASTR Alternative Loan Trust 2003-5 | ||
5.00%, 08/25/18 (e) | 723 | 8 |
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21 | ||
0.99%, 03/15/48 (a)(c)(e) | 326,257 | 5,573 |
Wells Fargo Commercial Mortgage Trust 2014-LC16 | ||
4.32%, 08/15/50 (a) | 28,250 | 24,185 |
WFRBS Commercial Mortgage Trust 2013-C17 | ||
4.26%, 12/15/46 (a) | 25,000 | 24,912 |
WFRBS Commercial Mortgage Trust 2014-LC14 | ||
4.35%, 03/15/47 (a)(c) | 58,000 | 57,497 |
717,318 | ||
Sovereign Bonds - 0.5% | ||
Government of Mexico | ||
4.75%, 03/08/44 (a) | 20,000 | 16,567 |
Government of Peru | ||
1.86%, 12/01/32 (a) | 10,000 | 7,617 |
2.78%, 12/01/60 (a) | 15,000 | 9,282 |
5.63%, 11/18/50 (a) | 11,000 | 11,419 |
Principal Amount | Fair Value | |
Government of Uruguay | ||
5.10%, 06/18/50 (a) | $ 14,040 | $ 14,064 |
58,949 | ||
Municipal Bonds and Notes - 0.6% | ||
American Municipal Power Inc. | ||
6.27%, 02/15/50 | 15,000 | 17,327 |
Board of Regents of the University of Texas System | ||
3.35%, 08/15/47 | 10,000 | 8,689 |
Port Authority of New York & New Jersey | ||
4.46%, 10/01/62 | 25,000 | 24,308 |
State of California | ||
4.60%, 04/01/38 | 15,000 | 15,167 |
State of Illinois | ||
5.10%, 06/01/33 | 10,000 | 10,061 |
75,552 | ||
Total Bonds and Notes (Cost $13,409,998) | 12,344,533 | |
Number of Shares | ||
Domestic Equity - 0.2% | ||
Preferred Stock - 0.2% | ||
Wells Fargo & Co. 5.85%, (5.85% fixed rate until 09/15/23; 3.09% + 3 month USD LIBOR thereafter) (Cost $23,300) (c) | 932 | 22,126 |
Total Investments in Securities (Cost $13,433,298) | 12,366,659 | |
Short-Term Investments - 8.3% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 1.47% (a)(h)(i) (Cost $986,817) | 986,817 | 986,817 |
Total Investments (Cost $14,420,115) | 13,353,476 | |
Liabilities in Excess of Other Assets, net - (12.8)% | (1,517,631) | |
NET ASSETS - 100.0% | $ 11,835,845 |
State Street Income V.I.S. Fund | 19 |
Centrally Cleared Credit Default Swaps |
Reference Entity | Counterparty | Notional Amount (000s omitted) | Contract Annual Fixed Rate/ Payment Frequency | Termination Date | Market Value | Unamortized Upfront Payments Received (Paid) | Unrealized Appreciation (Depreciation) |
Sell Protection | |||||||
Markit CDX North America High Yield Index | Intercontinental Exchange | $278 | 1.00%/ Quarterly | 12/20/26 | $ (538) | $(4,961) | $ 4,423 |
Buy Protection | |||||||
Markit CDX North America High Yield Index | Intercontinental Exchange | 148 | 5.00%/ Quarterly | 06/20/27 | (4,487) | 5,476 | (9,963) |
$(5,540) |
The Fund had the following long futures contracts open at June 30, 2022: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
2 Yr. U.S. Treasury Notes Futures | September 2022 | 7 | $ 1,474,105 | $ 1,470,109 | $ (3,996) |
The Fund had the following short futures contracts open at June 30, 2022: |
Description | Expiration date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
U.S. Long Bond Futures | September 2022 | 1 | $ (141,327) | $ (138,625) | $ 2,702 |
10 Yr. U.S. Treasury Notes Futures | September 2022 | 3 | (354,687) | (355,594) | (907) |
10 Yr. U.S. Treasury Ultra Futures | September 2022 | 4 | (518,742) | (509,499) | 9,243 |
$ 11,038 |
During the fiscal year ended June 30, 2022, average notional values related to derivative contracts were as follows: | |||
Long Futures Contracts | Short Futures Contracts | Credit Default Swap Contracts | |
Average Notional Value | $1,849,578 | $973,482 | $496,569 |
(a) | At June 30, 2022, all or a portion of this security was pledged to cover collateral requirements for futures, swaps and/or TBAs. |
(b) | Step coupon bond. |
20 | State Street Income V.I.S. Fund |
(c) | Variable Rate Security - Interest rate shown is rate in effect at June 30, 2022. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. |
(d) | Settlement is on a delayed delivery or when-issued basis with final maturity to be announced ("TBA") in the future. |
(e) | Interest only security. These securities represent the right to receive the monthly interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of the "interest only" holding. |
(f) | Principal only security. These securities represent the right to receive the monthly principal payments on an underlying pool of mortgages. No payments of interest on the pool are passed through to the "principal only" holder. |
(g) | Pursuant to Rule 144A of the Securities Act of 1933, as amended, these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2022, these securities amounted to $251,971 or 2.13% of the net assets of the State Street Income V.I.S. Fund. These securities have been determined to be liquid using procedures established by the Fund's Board of Directors. |
(h) | Sponsored by SSGA Funds Management, Inc., the Fund’s investment adviser and administrator, and an affiliate of State Street Bank & Trust Co., the Fund’s sub-administrator, custodian and accounting agent. |
(i) | Coupon amount represents effective yield. |
† | Percentages are based on net assets as of June 30, 2022. |
Abbreviations: |
CMT - Constant Maturity Treasury |
LIBOR - London Interbank Offered Rate |
REMIC - Real Estate Mortgage Investment Conduit |
SOFR - Secured Overnight Financing Rate |
STRIPS - Separate Trading of Registered Interest and Principal of Security |
TBA - To Be Announced |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
U.S. Treasuries | $ — | $ 4,611,685 | $ — | $ 4,611,685 | |||
Agency Mortgage Backed | — | 3,655,726 | — | 3,655,726 | |||
Agency Collateralized Mortgage Obligations | — | 118,582 | — | 118,582 | |||
Asset Backed | — | 35,982 | — | 35,982 | |||
Corporate Notes | — | 3,070,739 | — | 3,070,739 | |||
Non-Agency Collateralized Mortgage Obligations | — | 717,318 | — | 717,318 | |||
Sovereign Bonds | — | 58,949 | — | 58,949 | |||
Municipal Bonds and Notes | — | 75,552 | — | 75,552 | |||
Preferred Stock | 22,126 | — | — | 22,126 | |||
Short-Term Investments | 986,817 | — | — | 986,817 | |||
Total Investments in Securities | $ 1,008,943 | $ 12,344,533 | $ — | $ 13,353,476 | |||
Other Financial Instruments | |||||||
Credit Default Swap Contracts - Unrealized Appreciation | $ — | $ 4,423 | $ — | $ 4,423 | |||
Credit Default Swap Contracts - Unrealized Depreciation | — | (9,963) | — | (9,963) | |||
Long Futures Contracts - Unrealized Depreciation | (3,996) | — | — | (3,996) | |||
Short Futures Contracts - Unrealized Appreciation | 11,945 | — | — | 11,945 | |||
Short Futures Contracts - Unrealized Depreciation | (907) | — | — | (907) | |||
Total Other Financial Instruments | $ 7,042 | $ (5,540) | $ — | $ 1,502 |
State Street Income V.I.S. Fund | 21 |
Affiliate Table |
Number of Shares Held at 12/31/21 | Value at 12/31/21 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/22 | Value at 6/30/22 | Dividend Income | |
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 1,652,318 | $1,652,318 | $3,205,649 | $3,871,150 | $— | $— | 986,817 | $986,817 | $1,875 |
22 | State Street Income V.I.S. Fund |
6/30/22 (a) | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | 12/31/17 | ||||||
Inception date | 1/3/95 | ||||||||||
Net asset value, beginning of period | $ 11.86 | $ 12.48 | $ 12.00 | $ 11.07 | $ 11.49 | $ 11.37 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income(b) | 0.07 | 0.12 | 0.19 | 0.24 | 0.25 | 0.19 | |||||
Net realized and unrealized gains/(losses) on investments | (1.43) | (0.35) | 0.65 | 0.71 | (0.41) | 0.18 | |||||
Total income/(loss) from investment operations | (1.36) | (0.23) | 0.84 | 0.95 | (0.16) | 0.37 | |||||
Less distributions from: | |||||||||||
Net investment income | — | 0.28 | 0.32 | 0.02 | 0.26 | 0.25 | |||||
Net realized gains | — | 0.11 | 0.04 | — | — | — | |||||
Total distributions | — | 0.39 | 0.36 | 0.02 | 0.26 | 0.25 | |||||
Net asset value, end of period | $ 10.50 | $ 11.86 | $ 12.48 | $ 12.00 | $ 11.07 | $ 11.49 | |||||
Total Return(c) | (11.55)% | (1.81)% | 7.03% | 8.62% | (1.42)% | 3.25% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $11,836 | $14,766 | $17,435 | $17,112 | $18,685 | $21,847 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 1.22% (d) | 1.06% | 1.06% | 1.06% | 1.00% | 1.36% | |||||
Gross expenses | 1.22% (d) | 1.06% | 1.06% | 1.06% | 1.00% | 1.36% | |||||
Net investment income | 1.36% (d) | 1.01% | 1.50% | 2.05% | 2.25% | 1.62% | |||||
Portfolio turnover rate | 36% (e) | 81% (e) | 120% (e) | 90% | 182% | 255% |
Notes to Financial Highlights | |
(a) | Unaudited. |
(b) | Per share values have been calculated using the average shares method. |
(c) | Total returns are historical and assume changes in share price, reinvestment of dividends and capital gains distributions and do not include the effect of insurance contract charges. Past performance does not guarantee future results. |
(d) | Annualized for periods less than one year. |
(e) | The portfolio turnover calculated for the period ended 6/30/22 and fiscal years ended 12/31/21 and 12/31/20 did not include To-Be-Announced transactions and, if it had, the portfolio turnover would have been 82%, 183% and 277%, respectively. |
Financial Highlights | 23 |
Assets | |
Investments in securities, at fair value (cost $13,433,298) | $ 12,366,659 |
Short-term affiliated investments, at fair value | 986,817 |
Cash | 138 |
Net cash collateral on deposit with broker for swap contracts | 4,610 |
Receivable for investments sold | 787,970 |
Income receivables | 66,073 |
Income receivable from affiliated investments | 868 |
Receivable for accumulated variation margin on futures contracts | 7,037 |
Total assets | 14,220,172 |
Liabilities | |
Net cash collateral on futures contracts due to broker | 13,618 |
Payable for investments purchased | 2,312,700 |
Payable for fund shares redeemed | 2,886 |
Payable for accumulated variation margin on swap contracts | 4,901 |
Payable to the Adviser | 4,835 |
Payable for custody, fund accounting and sub-administration fees | 16,319 |
Accrued other expenses | 29,068 |
Total liabilities | 2,384,327 |
Net Assets | $ 11,835,845 |
Net Assets Consist of: | |
Capital paid in | $ 12,773,397 |
Total distributable earnings (loss) | (937,552) |
Net Assets | $ 11,835,845 |
Shares outstanding ($0.01 par value; unlimited shares authorized) | 1,127,673 |
Net asset value per share | $ 10.50 |
24 | Statement of Assets and Liabilities |
Investment Income | |
Income | |
Dividend | $ 682 |
Interest | 161,897 |
Income from affiliated investments | 1,875 |
Total income | 164,454 |
Expenses | |
Advisory and administration fees | 31,942 |
Directors' fees | 10,603 |
Custody, fund accounting and sub-administration fees | 14,718 |
Professional fees | 17,217 |
Printing and shareholder reports | 2,188 |
Other expenses | 1,367 |
Total expenses before waivers | 78,035 |
Less: Fees waived by the adviser | (224) |
Net expenses | 77,811 |
Net investment income | $ 86,643 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ (237,970) |
Futures | 20,540 |
Swap contracts | (20,292) |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | (1,459,516) |
Futures | 20,457 |
Swap contracts | (3,897) |
Net realized and unrealized gain (loss) on investments | (1,680,678) |
Net Decrease in Net Assets Resulting from Operations | $ (1,594,035) |
Statement of Operations | 25 |
Six Months Ended June 30, 2022(a) | Year Ended December 31, 2021 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income | $ 86,643 | $ 163,058 | |
Net realized gain (loss) on investments, futures and swap contracts | (237,722) | 256,360 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments, futures and swap contracts | (1,442,956) | (740,908) | |
Net increase (decrease) from operations | (1,594,035) | (321,490) | |
Distributions to shareholders: | |||
Total distributions | — | (474,316) | |
Increase (decrease) in assets from operations and distributions | (1,594,035) | (795,806) | |
Share transactions: | |||
Proceeds from sale of shares | 587,859 | 295,880 | |
Value of distributions reinvested | — | 474,316 | |
Cost of shares redeemed | (1,923,923) | (2,643,394) | |
Net increase (decrease) from share transactions | (1,336,064) | (1,873,198) | |
Total increase (decrease) in net assets | (2,930,099) | (2,669,004) | |
Net Assets | |||
Beginning of period | 14,765,944 | 17,434,948 | |
End of period | $ 11,835,845 | $ 14,765,944 | |
Changes in Fund Shares | |||
Shares sold | 51,805 | 24,117 | |
Issued for distributions reinvested | — | 40,027 | |
Shares redeemed | (169,597) | (215,390) | |
Net decrease in fund shares | (117,792) | (151,246) |
(a) | Unaudited. |
26 | Statements of Changes in Net Assets |
• | Equity investments traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value. |
• | Government and municipal fixed income securities are generally valued using quotations from independent pricing services or brokers. Certain government inflation-indexed securities may require a calculated fair |
Notes to Financial Statements | 27 |
valuation as the cumulative inflation is contained within the price provided by the pricing service or broker. For these securities, the inflation component of the price is “cleaned” from the pricing service or broker price utilizing the published inflation factors in order to ensure proper accrual of income. | |
• | Debt obligations (including short term investments and convertible debt securities) are valued using quotations from independent pricing services or brokers or are generally valued at the last reported evaluated prices. |
• | Exchange-traded futures contracts are valued at the closing settlement price on the primary market on which they are traded most extensively. Exchange-traded futures contracts traded on a recognized exchange for which there were no sales on that day are valued at the last reported sale price obtained from independent pricing services or brokers or at fair value. |
• | Swap agreements are valued daily based upon prices supplied by Board approved pricing vendors or through brokers. Depending on the product and terms of the transaction, the value of agreements is determined using a series of techniques including valuation models that incorporate a number of market data factors, such as discounted cash flows, yields, curves, trades and values of the underlying reference instruments. In the event SSGA Funds Management, Inc. (the “Adviser” or “SSGA FM”) is unable to obtain an independent, third-party valuation the agreements will be fair valued. |
• | Level 1 — Unadjusted quoted prices in active markets for an identical asset or liability; |
• | Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and |
• | Level 3 — Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments. |
28 | Notes to Financial Statements |
Notes to Financial Statements | 29 |
30 | Notes to Financial Statements |
Asset Derivatives | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Income V.I.S. Fund | ||||||
Futures Contracts | $ 7,037 | $ — | $ — | $ — | $ — | $ 7,037 |
Liability Derivatives | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Income V.I.S. Fund | ||||||
Swap Contracts | $ — | $ — | $ (4,901) | $ — | $ — | $ (4,901) |
Realized Gain/Loss | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Income V.I.S. Fund | ||||||
Futures Contracts | $ 20,540 | $ — | $ — | $ — | $ — | $ 20,540 |
Swap Contracts | — | — | (20,292) | — | — | (20,292) |
Net Change in Unrealized Appreciation (Depreciation) | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Income V.I.S. Fund | ||||||
Futures Contracts | $ 20,457 | $ — | $ — | $ — | $ — | $ 20,457 |
Swap Contracts | — | — | (3,897) | — | — | (3,897) |
Notes to Financial Statements | 31 |
U.S. Government Securities | |
Purchases | Sales |
$ 3,924,921 | $ 3,441,981 |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 296,298 | $ 952,645 |
32 | Notes to Financial Statements |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 14,580,912 | $ 67,084 | $ 1,293,018 | $ (1,225,934) |
Notes to Financial Statements | 33 |
34 | Notes to Financial Statements |
Other Information | 35 |
36 | Other Information |
• | A report prepared by an independent third-party provider of investment company data, which includes for the Fund: |
○ | Comparisons of the Fund’s performance over the past one-, three-, five- and ten-year periods ended December 31, 2021, to the performance of an appropriate benchmark constructed by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Lipper Index”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”); |
○ | Comparisons of the Fund’s expense ratio (with detail of component expenses) to the expense ratios of a group of comparable mutual funds selected by the independent third-party data provider (the “Expense Group” and/or “Expense Universe”); |
○ | A chart showing the Fund’s historical average net assets relative to its total expenses, management fees, and non-management expenses over the past five calendar years; and |
○ | Comparisons of the Fund’s contractual management fee to the contractual management fees of comparable mutual funds at different asset levels. |
• | Comparative information concerning fees charged by the Adviser for managing institutional accounts using investment strategies and techniques similar to those used in managing the Fund; and |
• | Profitability analyses for (a) the Adviser with respect to the Fund and (b) affiliates of SSGA FM that provide services to the Fund (“Affiliated Service Providers”). |
• | Descriptions of the investment management services provided by the Adviser, including its investment strategies and processes; |
• | Information concerning the allocation of brokerage; and |
• | Information regarding the procedures and processes used to value the assets of the Fund. |
• | Reports detailing the financial results and condition of SSGA FM and its affiliates; |
• | Descriptions of the qualifications, education and experience of the individual investment and other professionals responsible for managing the portfolio of the Fund and for Fund operations; |
• | Information relating to compliance with and the administration of the Code of Ethics adopted by the Adviser; |
• | Information about the Adviser’s proxy voting policies and procedures and information regarding the Adviser’s practices for overseeing proxy vendors; |
• | Information concerning the resources devoted by the Adviser to overseeing compliance by the Fund and its service providers, including information concerning compliance with investment policies and restrictions and other operating policies of the Fund; |
• | A description of the adequacy and sophistication of the Adviser’s technology and systems with respect to investment and administrative matters and a description of any material improvements or changes in technology or systems in the past year; |
• | A description of the business continuity and disaster recovery plans of the Adviser; and |
• | Information regarding the Adviser’s risk management processes. |
• | Information concerning the nature, extent, quality and cost of services provided to the Fund by SSGA FM in its capacity as the Fund’s administrator (the “Administrator”); |
Other Information | 37 |
• | Information concerning the nature, extent, quality and cost of various non-investment management services provided to the Fund by affiliates of the Adviser, including the custodian, sub-administrator and fund accountant of the Fund, and the role of the Adviser in managing the Fund’s relationship with these service providers; |
• | Copies of the Advisory Agreement and agreements with other service providers of the Fund; |
• | Responses to a request for information reviewed prior to the April 6, 2022 and May 11-12, 2022 meetings by Independent Counsel, requesting specific information from each of: |
○ | SSGA FM, in its capacity as the Fund’s Adviser and Administrator, with respect to its operations relating to the Fund and its approximate profit margins from such operations for the calendar year ended December 31, 2021; and the relevant operations of other Affiliated Service Providers to the Fund, together with their approximate profit margins from such relevant operations for the calendar year ended December 31, 2021; |
○ | State Street Bank and Trust Company (“State Street”), the sub-administrator, custodian, and fund accountant for the Fund, with respect to its operations relating to the Fund; and |
○ | State Street Global Advisors Funds Distributors, LLC, the principal underwriter and distributor of the shares of the Fund (the “Distributor”), with respect to its operations relating to the Fund, together with the Fund’s related distribution plans and arrangements under Rule 12b-1 of the 1940 Act; |
• | Information from SSGA FM, State Street, and the Distributor with respect to the Fund, providing any material changes to the previous information supplied in response to the letter from Independent Counsel prior to the executive session of the Board on May 11-12, 2022; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
38 | Other Information |
Other Information | 39 |
40 | Other Information |
State Street Real Estate Securities V.I.S. Fund |
Page | |
1 | |
4 | |
Financial Statements | |
6 | |
7 | |
8 | |
9 | |
10 | |
15 |
State Street Real Estate Securities V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $25,511 (in thousands) as of June 30, 2022 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2022 (as a % of Fair Value) (a)(b) | |
Prologis Inc. | 7.09% |
Equinix Inc. | 5.86% |
Public Storage | 4.83% |
Ventas Inc. | 4.27% |
AvalonBay Communities Inc. | 4.16% |
Invitation Homes Inc. | 3.95% |
Equity Residential | 3.89% |
Digital Realty Trust Inc. | 3.73% |
Sun Communities Inc. | 3.54% |
Life Storage Inc. | 3.02% |
(a) | Fair Value basis is inclusive of a short-term investment in the State Street Institutional U.S. Government Money Market Fund Class G Shares. |
(b) | The securities information regarding holdings, allocations and other characteristics is presented to illustrate examples of securities that the Fund has bought and the diversity of areas in which the Fund may invest as of a particular date. It may not be representative of the Fund’s current or future investments and should not be construed as a recommendation to purchase or sell a particular security. |
2 | State Street Real Estate Securities V.I.S. Fund |
Actual Fund Return | Hypothetical 5% Return (2.5% for the period) | ||
Beginning Account Value January 1, 2022 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2022 | $ 804.90 | $1,019.30 | |
Expenses Paid During Period* | $ 4.92 | $ 5.51 |
* | Expenses are equal to the Fund's annualized expense ratio of 1.10% (for the period January 1, 2022 - June 30, 2022), multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
State Street Real Estate Securities V.I.S. Fund | 3 |
Number of Shares | Fair Value | |
Common Stock (REITs) - 99.4% † | ||
Alternate Housing - 10.1% | ||
American Homes 4 Rent, Class A | 18,508 | $ 655,923 |
Invitation Homes Inc. | 28,270 | 1,005,847 |
Sun Communities Inc. | 5,670 | 903,571 |
2,565,341 | ||
Data Center - 9.6% | ||
Digital Realty Trust Inc. | 7,340 | 952,952 |
Equinix Inc. | 2,274 | 1,494,064 |
2,447,016 | ||
Diversified - 0.8% | ||
Veris Residential Inc. (a) | 15,042 | 199,156 |
Healthcare - 10.8% | ||
CareTrust REIT Inc. | 5,430 | 100,129 |
Diversified Healthcare Trust | 9,054 | 16,478 |
Healthpeak Properties Inc. | 2,470 | 63,998 |
Medical Properties Trust Inc. | 27,770 | 424,048 |
Omega Healthcare Investors Inc. | 3,874 | 109,208 |
Sabra Health Care REIT Inc. | 17,360 | 242,519 |
Ventas Inc. | 21,180 | 1,089,288 |
Welltower Inc. | 8,660 | 713,151 |
2,758,819 | ||
Hotel - 3.2% | ||
Apple Hospitality REIT Inc. | 10,600 | 155,502 |
Park Hotels & Resorts Inc. | 11,830 | 160,533 |
Ryman Hospitality Properties Inc. (a) | 1,554 | 118,151 |
Sunstone Hotel Investors Inc. (a) | 12,570 | 124,694 |
Xenia Hotels & Resorts Inc. (a) | 18,200 | 264,446 |
823,326 | ||
Industrial - 15.6% | ||
Americold Realty Trust Inc. | 13,500 | 405,540 |
Duke Realty Corp. | 12,860 | 706,657 |
EastGroup Properties Inc. | 1,100 | 169,763 |
First Industrial Realty Trust Inc. | 8,988 | 426,750 |
Prologis Inc. | 15,370 | 1,808,280 |
Rexford Industrial Realty Inc. | 7,918 | 455,998 |
3,972,988 |
Number of Shares | Fair Value | |
Multifamily - 13.8% | ||
Apartment Investment & Management Co., Class A (a) | 6,730 | $ 43,072 |
AvalonBay Communities Inc. | 5,460 | 1,060,605 |
Equity Residential | 13,740 | 992,303 |
Mid-America Apartment Communities Inc. | 3,990 | 696,933 |
UDR Inc. | 15,440 | 710,858 |
3,503,771 | ||
Net Lease - 8.1% | ||
Agree Realty Corp. | 9,100 | 656,383 |
Broadstone Net Lease Inc. | 14,061 | 288,391 |
Four Corners Property Trust Inc. | 4,283 | 113,885 |
Realty Income Corp. | 10,924 | 745,673 |
Spirit Realty Capital Inc. | 6,790 | 256,526 |
2,060,858 | ||
Office - 6.7% | ||
Alexandria Real Estate Equities Inc. | 3,350 | 485,851 |
Cousins Properties Inc. | 10,246 | 299,491 |
Empire State Realty Trust Inc., Class A | 10,382 | 72,985 |
Hudson Pacific Properties Inc. | 4,030 | 59,805 |
JBG SMITH Properties | 11,442 | 270,489 |
Kilroy Realty Corp. | 9,130 | 477,773 |
WeWork Inc., Class A (a) | 6,624 | 33,252 |
1,699,646 | ||
Regional Malls - 2.5% | ||
Simon Property Group Inc. | 6,670 | 633,116 |
Self Storage - 9.2% | ||
Extra Space Storage Inc. | 2,072 | 352,488 |
Life Storage Inc. | 6,900 | 770,454 |
Public Storage | 3,940 | 1,231,920 |
2,354,862 | ||
Shopping Centers - 5.2% | ||
Acadia Realty Trust | 16,708 | 260,979 |
Brixmor Property Group Inc. | 29,708 | 600,399 |
Federal Realty Investment Trust | 1,540 | 147,440 |
RPT Realty | 21,350 | 209,870 |
Urban Edge Properties | 7,790 | 118,486 |
1,337,174 | ||
Specialty - 3.8% | ||
American Tower Corp. | 908 | 232,076 |
4 | State Street Real Estate Securities V.I.S. Fund |
Number of Shares | Fair Value | |
Gaming & Leisure Properties Inc. | 3,146 | $ 144,275 |
Lamar Advertising Co., Class A | 680 | 59,820 |
Outfront Media Inc. | 11,230 | 190,348 |
VICI Properties Inc. | 11,830 | 352,416 |
978,935 | ||
Total Common Stock (REITs) (Cost $26,161,170) | 25,335,008 | |
Short-Term Investments - 0.7% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 1.47% (b)(c) (Cost $176,046) | 176,046 | 176,046 |
Total Investments (Cost $26,337,216) | 25,511,054 | |
Liabilities in Excess of Other Assets, net - (0.1)% | (32,174) | |
NET ASSETS - 100.0% | $ 25,478,880 |
(a) | Non-income producing security. |
(b) | Sponsored by SSGA Funds Management, Inc., the Fund’s investment adviser and administrator, and an affiliate of State Street Bank & Trust Co., the Fund’s sub-administrator, custodian and accounting agent. |
(c) | Coupon amount represents effective yield. |
† | Percentages are based on net assets as of June 30, 2022. |
Abbreviations: |
REIT - Real Estate Investment Trust |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Common Stock | $ 25,335,008 | $ — | $ — | $ 25,335,008 | |||
Short-Term Investments | 176,046 | — | — | 176,046 | |||
Total Investments in Securities | $ 25,511,054 | $ — | $ — | $ 25,511,054 |
Affiliate Table |
Number of Shares Held at 12/31/21 | Value at 12/31/21 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/22 | Value at 6/30/22 | Dividend Income | |
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 312,731 | $312,731 | $4,755,564 | $4,892,249 | $— | $— | 176,046 | $176,046 | $184 |
State Street Real Estate Securities V.I.S. Fund | 5 |
6/30/22 (a) | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | 12/31/17 | ||||||
Inception date | 5/1/95 | ||||||||||
Net asset value, beginning of period | $ 13.89 | $ 12.02 | $ 12.92 | $ 11.14 | $ 12.32 | $ 12.37 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income(b) | 0.11 | 0.13 | 0.17 | 0.25 | 0.25 | 0.15 | |||||
Net realized and unrealized gains/(losses) on investments | (2.82) | 4.85 | (0.85) | 2.65 | (0.95) | 0.57 | |||||
Total income/(loss) from investment operations | (2.71) | 4.98 | (0.68) | 2.90 | (0.70) | 0.72 | |||||
Less distributions from: | |||||||||||
Net investment income | — | 0.34 | 0.06 | 0.19 | 0.28 | 0.22 | |||||
Net realized gains | — | 2.77 | 0.16 | 0.93 | 0.16 | 0.55 | |||||
Return of capital | — | — | — | — | 0.04 | — | |||||
Total distributions | — | 3.11 | 0.22 | 1.12 | 0.48 | 0.77 | |||||
Net asset value, end of period | $ 11.18 | $ 13.89 | $ 12.02 | $ 12.92 | $ 11.14 | $ 12.32 | |||||
Total Return(c) | (19.51)% | 41.80% | (5.23)% | 26.15% | (5.71)% | 5.84% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $25,479 | $45,748 | $47,588 | $55,266 | $50,360 | $61,685 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 1.10% (d) | 1.04% | 1.04% | 1.04% | 1.05% | 1.01% | |||||
Gross expenses | 1.10% (d) | 1.04% | 1.04% | 1.04% | 1.05% | 1.01% | |||||
Net investment income | 1.71% (d) | 0.93% | 1.49% | 1.91% | 2.11% | 1.16% | |||||
Portfolio turnover rate | 29% | 85% | 108% | 72% | 59% | 73% |
Notes to Financial Highlights | |
(a) | Unaudited. |
(b) | Per share values have been calculated using the average shares method. |
(c) | Total returns are historical and assume changes in share price, reinvestment of dividends and capital gains distributions and do not include the effect of insurance contract charges. Past performance does not guarantee future results. |
(d) | Annualized for periods less than one year. |
6 | Financial Highlights |
Assets | |
Investments in securities, at fair value (cost $26,161,170) | $ 25,335,008 |
Short-term affiliated investments, at fair value | 176,046 |
Receivable for investments sold | 152,733 |
Income receivables | 85,787 |
Receivable for fund shares sold | 177 |
Income receivable from affiliated investments | 76 |
Total assets | 25,749,827 |
Liabilities | |
Payable for investments purchased | 205,513 |
Payable for fund shares redeemed | 5,109 |
Payable to the Adviser | 18,135 |
Payable for custody, fund accounting and sub-administration fees | 8,913 |
Accrued other expenses | 33,277 |
Total liabilities | 270,947 |
Net Assets | $ 25,478,880 |
Net Assets Consist of: | |
Capital paid in | $ 20,249,579 |
Total distributable earnings (loss) | 5,229,301 |
Net Assets | $ 25,478,880 |
Shares outstanding ($0.01 par value, unlimited shares authorized) | 2,278,938 |
Net asset value per share | $ 11.18 |
Statement of Assets and Liabilities | 7 |
Investment Income | |
Income | |
Dividend | $ 454,177 |
Income from affiliated investments | 184 |
Total income | 454,361 |
Expenses | |
Advisory and administration fees | 137,457 |
Directors' fees | 10,664 |
Custody, fund accounting and sub-administration fees | 10,244 |
Professional fees | 15,352 |
Printing and shareholder reports | 2,571 |
Other expenses | 1,555 |
Total expenses | 177,843 |
Net investment income | $ 276,518 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on investments | $ 4,429,954 |
Increase (decrease) in unrealized appreciation/(depreciation) on investments | (11,914,406) |
Net realized and unrealized gain (loss) on investments | (7,484,452) |
Net Decrease in Net Assets Resulting from Operations | $ (7,207,934) |
8 | Statement of Operations |
Six Months Ended June 30, 2022(a) | Year Ended December 31, 2021 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income | $ 276,518 | $ 406,577 | |
Net realized gain (loss) on investments | 4,429,954 | 11,695,794 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments | (11,914,406) | 4,246,157 | |
Net increase (decrease) from operations | (7,207,934) | 16,348,528 | |
Distributions to shareholders: | |||
Total distributions | — | (8,362,555) | |
Increase (decrease) in assets from operations and distributions | (7,207,934) | 7,985,973 | |
Share transactions: | |||
Proceeds from sale of shares | 494,744 | 11,353,657 | |
Value of distributions reinvested | — | 8,362,555 | |
Cost of shares redeemed | (13,555,781) | (29,542,653) | |
Net increase (decrease) from share transactions | (13,061,037) | (9,826,441) | |
Total increase (decrease) in net assets | (20,268,971) | (1,840,468) | |
Net Assets | |||
Beginning of period | 45,747,851 | 47,588,319 | |
End of period | $ 25,478,880 | $ 45,747,851 | |
Changes in Fund Shares | |||
Shares sold | 38,286 | 725,416 | |
Issued for distributions reinvested | — | 612,193 | |
Shares redeemed | (1,053,259) | (2,003,348) | |
Net decrease in fund shares | (1,014,973) | (665,739) |
(a) | Unaudited. |
Statements of Changes in Net Assets | 9 |
• | Equity investments traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value. |
• | Investments in registered investment companies (including money market funds) or other unitized pooled investment vehicles that are not traded on an exchange are valued at that day’s published net asset value (“NAV”) per share or unit. |
10 | Notes to Financial Statements |
• | Level 1 — Unadjusted quoted prices in active markets for an identical asset or liability; |
• | Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and |
• | Level 3 — Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments. |
Notes to Financial Statements | 11 |
Average Daily Net Assets of the Fund | Management Fee |
First $100 million | 0.85% |
Next $100 million | 0.80% |
Over $200 million | 0.75% |
12 | Notes to Financial Statements |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 9,514,143 | $ 22,117,186 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 26,756,784 | $ 997,974 | $ 2,243,704 | $ (1,245,730) |
Notes to Financial Statements | 13 |
14 | Notes to Financial Statements |
Other Information | 15 |
• | A report prepared by an independent third-party provider of investment company data, which includes for the Fund: |
○ | Comparisons of the Fund’s performance over the past one-, three-, five- and ten-year periods ended December 31, 2021, to the performance of an appropriate benchmark constructed by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Lipper Index”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”); |
○ | Comparisons of the Fund’s expense ratio (with detail of component expenses) to the expense ratios of a group of comparable mutual funds selected by the independent third-party data provider (the “Expense Group” and/or “Expense Universe”); |
16 | Other Information |
○ | A chart showing the Fund’s historical average net assets relative to its total expenses, management fees, and non-management expenses over the past five calendar years; and |
○ | Comparisons of the Fund’s contractual management fee to the contractual management fees of comparable mutual funds at different asset levels |
• | Comparative information concerning fees charged by the Adviser and Sub-Adviser for managing institutional accounts using investment strategies and techniques similar to those used in managing the Fund; and |
• | Profitability analyses for (a) the Adviser and Sub-Adviser with respect to the Fund and (b) affiliates of SSGA FM that provide services to the Fund (“Affiliated Service Providers”). |
• | Descriptions of the investment management services provided by the Adviser and Sub-Adviser, including their investment strategies and processes; |
• | Information concerning the allocation of brokerage; and |
• | Information regarding the procedures and processes used to value the assets of the Fund. |
• | Reports detailing the financial results and condition of SSGA FM and its affiliates, as well as of the Sub-Adviser; |
• | Descriptions of the qualifications, education and experience of the individual investment and other professionals responsible for managing the portfolio of the Fund and for Fund operations |
• | Information relating to compliance with and the administration of the Codes of Ethics adopted by the Adviser and Sub-Adviser; |
• | Information about the Adviser’s and the Sub-Adviser’s proxy voting policies and procedures and information regarding the Adviser’s and the Sub-Adviser’s practices for overseeing proxy vendors; |
• | Information concerning the resources devoted by the Adviser and Sub-Adviser to overseeing compliance by the Fund and its service providers, including information concerning compliance with investment policies and restrictions and other operating policies of the Fund; |
• | A description of the adequacy and sophistication of the Adviser’s and Sub-Adviser’s technology and systems with respect to investment and administrative matters and a description of any material improvements or changes in technology or systems in the past year; |
• | A description of the business continuity and disaster recovery plans of the Adviser and Sub-Adviser; and |
• | Information regarding the Adviser’s and Sub-Adviser’s risk management processes. |
• | Information concerning the nature, extent, quality and cost of services provided to the Fund by SSGA FM in its capacity as the Fund’s administrator (the “Administrator”); |
• | Information concerning the nature, extent, quality and cost of various non-investment management services provided to the Fund by affiliates of the Adviser, including the custodian, sub-administrator and fund accountant of the Fund, and the role of the Adviser in managing the Fund’s relationship with these service providers; |
• | Copies of the Advisory Agreement and Sub-Advisory Agreement and agreements with other service providers of the Fund; |
• | Responses to a request for information reviewed prior to the April 6, 2022 and May 11-12, 2022 meetings by Independent Counsel, requesting specific information from each of: |
Other Information | 17 |
○ | SSGA FM, in its capacity as the Fund’s Adviser and Administrator, with respect to its operations relating to the Fund and its approximate profit margins from such operations for the calendar year ended December 31, 2021; and the relevant operations of other Affiliated Service Providers to the Fund, together with their approximate profit margins from such relevant operations for the calendar year ended December 31, 2021; |
○ | The Sub-Adviser, with respect to its operations relating to the Fund and its approximate profitability from such operations for the calendar year ended December 31, 2021; |
○ | State Street Bank and Trust Company (“State Street”), the sub-administrator, custodian, and fund accountant for the Fund, with respect to its operations relating to the Fund; and |
○ | State Street Global Advisors Funds Distributors, LLC, the principal underwriter and distributor of the shares of the Fund (the “Distributor”), with respect to its operations relating to the Fund, together with the Fund’s related distribution plans and arrangements under Rule 12b-1 of the 1940 Act; |
• | Information from SSGA FM, State Street, the Distributor and the Sub-Adviser with respect to the Fund, providing any material changes to the previous information supplied in response to the letter from Independent Counsel prior to the executive session of the Board on May 11-12, 2022; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
18 | Other Information |
Other Information | 19 |
20 | Other Information |
Other Information | 21 |
State Street Total Return V.I.S. Fund |
Page | |
1 | |
4 | |
Financial Statements | |
116 | |
118 | |
119 | |
120 | |
121 | |
130 |
State Street Total Return V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $1,444,866 (in thousands) as of June 30, 2022 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2022 (as a % of Fair Value) (a)(b) | |
SPDR Portfolio Long Term Treasury ETF | 6.95% |
SPDR Gold Shares | 2.41% |
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 1.86% |
Apple Inc. | 1.43% |
Microsoft Corp. | 1.31% |
Amazon.com Inc. | 0.65% |
Alphabet Inc., Class A | 0.45% |
Alphabet Inc., Class C | 0.41% |
Tesla Inc. | 0.39% |
Nestle S.A. | 0.37% |
(a) | Fair Value basis is inclusive of a short-term investment in the State Street Institutional U.S. Government Money Market Fund Class G Shares. |
(b) | The securities information regarding holdings, allocations and other characteristics is presented to illustrate examples of securities that the Fund has bought and the diversity of areas in which the Fund may invest as of a particular date. It may not be representative of the Fund’s current or future investments and should not be construed as a recommendation to purchase or sell a particular security. |
2 | State Street Total Return V.I.S. Fund |
Class 1 | Actual Fund Return | Hypothetical 5% Return (2.5% for the period) | ||
Begining Account Value January 1, 2022 | $1,000.00 | $1,000.00 | ||
Ending Account Value June 30, 2022 | $ 833.70 | $1,021.70 | ||
Expenses Paid During Period* | $ 2.82 | $ 3.11 |
Class 3 | Actual Fund Return | Hypothetical 5% Return (2.5% for the period) | ||
Begining Account Value January 1, 2022 | $1,000.00 | $1,000.00 | ||
Ending Account Value June 30, 2022 | $ 832.50 | $1,020.50 | ||
Expenses Paid During Period* | $ 3.95 | $ 4.36 |
* | Expenses are equal to the Fund's annualized expense ratio of 0.62% for Class 1 and 0.87% for Class 3 (for the period January 1, 2022 - June 30, 2022), multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period). |
State Street Total Return V.I.S. Fund | 3 |
Number of Shares | Fair Value | |
Domestic Equity - 33.4% † | ||
Common Stock - 33.4% | ||
Advertising - 0.0% * | ||
Advantage Solutions Inc. (a)(b) | 5,418 | $ 20,588 |
Boston Omaha Corp., Class A (a)(b) | 1,095 | 22,612 |
Cardlytics Inc. (a)(b) | 1,928 | 43,014 |
Clear Channel Outdoor Holdings Inc. (a)(b) | 19,723 | 21,104 |
Integral Ad Science Holding Corp. (a)(b) | 2,284 | 22,680 |
Loyalty Ventures Inc. (a)(b) | 1,168 | 4,170 |
Magnite Inc. (a)(b) | 7,621 | 67,674 |
Omnicom Group Inc. | 1,927 | 122,576 |
PubMatic Inc., Class A (b) | 2,430 | 38,613 |
Stagwell Inc. (b) | 4,548 | 24,696 |
TechTarget Inc. (b) | 1,596 | 104,889 |
The Interpublic Group of Companies Inc. (a) | 3,942 | 108,523 |
Thryv Holdings Inc. (b) | 1,480 | 33,137 |
634,276 | ||
Aerospace & Defense - 0.5% | ||
AAR Corp. (a)(b) | 1,907 | 79,789 |
Aerojet Rocketdyne Holdings Inc. (a)(b) | 4,622 | 187,653 |
Aerovironment Inc. (a)(b) | 1,353 | 111,217 |
AerSale Corp. (a)(b) | 1,108 | 16,077 |
Archer Aviation Inc., Class A (a)(b) | 7,249 | 22,327 |
Astra Space Inc. (a)(b) | 8,378 | 10,891 |
Astronics Corp. (a)(b) | 1,827 | 18,581 |
Axon Enterprise Inc. (a)(b) | 700 | 65,219 |
BWX Technologies Inc. (a) | 1,000 | 55,090 |
Cadre Holdings Inc. (a) | 962 | 18,923 |
Curtiss-Wright Corp. (a) | 400 | 52,824 |
Ducommun Inc. (a)(b) | 590 | 25,394 |
General Dynamics Corp. (a) | 2,415 | 534,319 |
HEICO Corp. (a) | 500 | 65,560 |
HEICO Corp., Class A (a) | 700 | 73,766 |
Hexcel Corp. (a) | 800 | 41,848 |
Howmet Aerospace Inc. (a) | 3,797 | 119,416 |
Huntington Ingalls Industries Inc. (a) | 400 | 87,128 |
Kaman Corp. (a) | 1,689 | 52,781 |
Kratos Defense & Security Solutions Inc. (a)(b) | 7,196 | 99,880 |
L3Harris Technologies Inc. (a) | 1,880 | 454,396 |
Lockheed Martin Corp. (a) | 2,356 | 1,012,986 |
Number of Shares | Fair Value | |
Maxar Technologies Inc. (a) | 4,235 | $ 110,491 |
Mercury Systems Inc. (a)(b) | 600 | 38,598 |
Momentus Inc. (b) | 3,174 | 6,856 |
Moog Inc., Class A (a) | 1,631 | 129,485 |
National Presto Industries Inc. (a) | 253 | 16,607 |
Northrop Grumman Corp. | 1,439 | 688,662 |
Park Aerospace Corp. | 1,457 | 18,591 |
Parsons Corp. (b) | 1,959 | 79,183 |
Raytheon Technologies Corp. | 14,586 | 1,401,860 |
Redwire Corp. (b) | 1,127 | 3,426 |
Rocket Lab USA Inc. (b) | 12,416 | 47,057 |
Spirit AeroSystems Holdings Inc., Class A | 1,100 | 32,230 |
Terran Orbital Corp. (b) | 1,394 | 6,385 |
Textron Inc. | 1,971 | 120,369 |
The Boeing Co. (a)(b) | 5,546 | 758,249 |
TransDigm Group Inc. (b) | 526 | 282,288 |
Triumph Group Inc. (b) | 3,922 | 52,123 |
Vectrus Inc. (b) | 616 | 20,611 |
Virgin Galactic Holdings Inc. (b) | 13,291 | 80,012 |
Woodward Inc. | 600 | 55,494 |
7,154,642 | ||
Agricultural & Farm Machinery - 0.1% | ||
AGCO Corp. (a) | 623 | 61,490 |
Deere & Co. (a) | 2,709 | 811,264 |
Hydrofarm Holdings Group Inc. (a)(b) | 2,778 | 9,667 |
Lindsay Corp. (a) | 641 | 85,138 |
The Toro Co. | 968 | 73,365 |
Titan International Inc. (b) | 3,107 | 46,916 |
1,087,840 | ||
Agricultural Products - 0.1% | ||
Alico Inc. (a) | 365 | 13,005 |
AppHarvest Inc. (a)(b) | 5,079 | 17,726 |
Archer-Daniels-Midland Co. (a) | 5,572 | 432,387 |
Benson Hill Inc. (a)(b) | 9,969 | 27,315 |
Bunge Ltd. (a) | 1,437 | 130,321 |
Darling Ingredients Inc. (a)(b) | 1,500 | 89,700 |
Fresh Del Monte Produce Inc. (a) | 1,854 | 54,749 |
Ingredion Inc. (a) | 644 | 56,775 |
Local Bounti Corp. (b) | 1,092 | 3,473 |
825,451 |
4 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Air Freight & Logistics - 0.2% | ||
Air Transport Services Group Inc. (a)(b) | 3,439 | $ 98,802 |
Atlas Air Worldwide Holdings Inc. (a)(b) | 1,618 | 99,847 |
CH Robinson Worldwide Inc. (a) | 1,169 | 118,502 |
Expeditors International of Washington Inc. (a) | 1,701 | 165,779 |
FedEx Corp. (a) | 2,372 | 537,756 |
Forward Air Corp. (a) | 1,565 | 143,917 |
GXO Logistics Inc. (a)(b) | 1,173 | 50,756 |
Hub Group Inc., Class A (a)(b) | 1,957 | 138,830 |
Radiant Logistics Inc. (b) | 1,883 | 13,972 |
United Parcel Service Inc., Class B | 7,392 | 1,349,336 |
2,717,497 | ||
Airlines - 0.1% | ||
Alaska Air Group Inc. (a)(b) | 1,421 | 56,911 |
Allegiant Travel Co. (a)(b) | 903 | 102,120 |
American Airlines Group Inc. (a)(b) | 7,000 | 88,760 |
Blade Air Mobility Inc. (a)(b) | 3,268 | 14,575 |
Delta Air Lines Inc. (a)(b) | 6,457 | 187,059 |
Frontier Group Holdings Inc. (a)(b) | 2,493 | 23,359 |
Hawaiian Holdings Inc. (a)(b) | 2,792 | 39,954 |
JetBlue Airways Corp. (a)(b) | 3,200 | 26,784 |
Joby Aviation Inc. (a)(b) | 14,624 | 71,804 |
SkyWest Inc. (b) | 2,780 | 59,075 |
Southwest Airlines Co. (b) | 5,962 | 215,348 |
Spirit Airlines Inc. (b) | 6,349 | 151,360 |
Sun Country Airlines Holdings Inc. (b) | 1,766 | 32,388 |
United Airlines Holdings Inc. (b) | 3,266 | 115,682 |
Wheels Up Experience Inc. (b) | 9,268 | 18,073 |
1,203,252 | ||
Alternative Carriers - 0.1% | ||
Anterix Inc. (a)(b) | 630 | 25,874 |
Bandwidth Inc., Class A (a)(b) | 1,243 | 23,393 |
Charge Enterprises Inc. (a) | 6,296 | 30,032 |
Cogent Communications Holdings Inc. (a) | 2,505 | 152,204 |
EchoStar Corp., Class A (a)(b) | 2,063 | 39,816 |
Globalstar Inc. (a)(b) | 39,835 | 48,997 |
Iridium Communications Inc. (a)(b) | 7,417 | 278,583 |
Number of Shares | Fair Value | |
Liberty Latin America Ltd., Class A (a)(b) | 2,881 | $ 22,472 |
Liberty Latin America Ltd., Class C (a)(b) | 8,641 | 67,313 |
Lumen Technologies Inc. (a) | 10,154 | 110,780 |
799,464 | ||
Aluminum - 0.0% * | ||
Alcoa Corp. (a) | 1,858 | 84,687 |
Arconic Corp. (a)(b) | 6,233 | 174,836 |
Century Aluminum Co. (a)(b) | 2,803 | 20,658 |
Kaiser Aluminum Corp. (a) | 885 | 69,995 |
United Co. RUSAL International PJSC (b)(c)** | 55,670 | — |
350,176 | ||
Apparel Retail - 0.1% | ||
Abercrombie & Fitch Co., Class A (a)(b) | 3,115 | 52,706 |
American Eagle Outfitters Inc. | 8,978 | 100,374 |
Boot Barn Holdings Inc. (a)(b) | 1,719 | 118,456 |
Burlington Stores Inc. (a)(b) | 635 | 86,506 |
Caleres Inc. (a) | 2,248 | 58,988 |
Chico's FAS Inc. (a)(b) | 6,598 | 32,792 |
Citi Trends Inc. (a)(b) | 368 | 8,703 |
Designer Brands Inc., Class A (a) | 3,379 | 44,130 |
Destination XL Group Inc. (a)(b) | 3,480 | 11,797 |
Express Inc. (b) | 3,740 | 7,330 |
Foot Locker Inc. (a) | 4,838 | 122,159 |
Genesco Inc. (a)(b) | 791 | 39,479 |
Guess? Inc. (a) | 2,221 | 37,868 |
Ross Stores Inc. | 3,485 | 244,752 |
Shoe Carnival Inc. | 956 | 20,659 |
The Buckle Inc. (a) | 1,819 | 50,368 |
The Cato Corp., Class A (a) | 912 | 10,588 |
The Children's Place Inc. (a)(b) | 753 | 29,307 |
The Gap Inc. (a) | 1,147 | 9,451 |
The TJX Companies Inc. | 11,653 | 650,820 |
Tilly's Inc., Class A | 1,342 | 9,421 |
Torrid Holdings Inc. (b) | 662 | 2,860 |
Urban Outfitters Inc. (b) | 3,842 | 71,692 |
Victoria's Secret & Co. (b) | 739 | 20,670 |
Zumiez Inc. (b) | 1,063 | 27,638 |
1,869,514 | ||
Apparel, Accessories & Luxury Goods - 0.1% | ||
Carter's Inc. (a) | 400 | 28,192 |
State Street Total Return V.I.S. Fund | 5 |
Number of Shares | Fair Value | |
Columbia Sportswear Co. (a) | 200 | $ 14,316 |
Fossil Group Inc. (a)(b) | 3,375 | 17,449 |
G-III Apparel Group Ltd. (a)(b) | 2,708 | 54,783 |
Hanesbrands Inc. (a) | 3,800 | 39,102 |
Kontoor Brands Inc. (a) | 3,283 | 109,554 |
Movado Group Inc. (a) | 849 | 26,259 |
Oxford Industries Inc. | 901 | 79,955 |
PLBY Group Inc. (b) | 2,124 | 13,594 |
PVH Corp. | 800 | 45,520 |
Ralph Lauren Corp. | 500 | 44,825 |
Superior Group of Companies Inc. | 828 | 14,697 |
Tapestry Inc. | 2,674 | 81,610 |
Under Armour Inc., Class A (b) | 2,700 | 22,491 |
Under Armour Inc., Class C (b) | 1,400 | 10,612 |
VF Corp. | 3,300 | 145,761 |
748,720 | ||
Application Software - 1.1% | ||
8x8 Inc. (a)(b) | 6,220 | 32,033 |
ACI Worldwide Inc. (a)(b) | 6,667 | 172,609 |
Adobe Inc. (a)(b) | 4,686 | 1,715,357 |
Agilysys Inc. (a)(b) | 1,177 | 55,637 |
Alarm.com Holdings Inc. (a)(b) | 2,801 | 173,270 |
Alkami Technology Inc. (a)(b) | 2,088 | 29,002 |
Altair Engineering Inc., Class A (a)(b) | 3,026 | 158,865 |
Alteryx Inc., Class A (a)(b) | 400 | 19,368 |
American Software Inc., Class A (a) | 1,707 | 27,585 |
Amplitude Inc., Class A (a)(b) | 3,256 | 46,528 |
ANSYS Inc. (a)(b) | 871 | 208,422 |
Appfolio Inc., Class A (a)(b) | 1,109 | 100,520 |
AppLovin Corp., Class A (a)(b) | 2,200 | 75,768 |
Asana Inc., Class A (a)(b) | 4,288 | 75,383 |
Aspen Technology Inc. (a)(b) | 320 | 58,778 |
Autodesk Inc. (a)(b) | 2,174 | 373,841 |
Avalara Inc. (a)(b) | 1,023 | 72,224 |
Avaya Holdings Corp. (a)(b) | 5,745 | 12,869 |
AvePoint Inc. (a)(b) | 7,499 | 32,546 |
Benefitfocus Inc. (a)(b) | 1,198 | 9,320 |
Bentley Systems Inc., Class B (a) | 1,500 | 49,950 |
Bill.com Holdings Inc. (a)(b) | 1,092 | 120,054 |
Black Knight Inc. (a)(b) | 1,424 | 93,115 |
Blackbaud Inc. (a)(b) | 2,703 | 156,963 |
Blackline Inc. (a)(b) | 3,216 | 214,186 |
Blend Labs Inc., Class A (a)(b) | 10,772 | 25,422 |
Box Inc., Class A (a)(b) | 7,723 | 194,156 |
Number of Shares | Fair Value | |
BTRS Holdings Inc., Class A (a)(b) | 6,108 | $ 30,418 |
C3.ai Inc., Class A (a)(b) | 4,094 | 74,756 |
Cadence Design Systems Inc. (a)(b) | 2,751 | 412,732 |
CCC Intelligent Solutions Holdings Inc. (a)(b) | 2,000 | 18,400 |
CDK Global Inc. | 1,300 | 71,201 |
Cerence Inc. (a)(b) | 2,412 | 60,855 |
Ceridian HCM Holding Inc. (a)(b) | 1,205 | 56,731 |
ChannelAdvisor Corp. (a)(b) | 1,584 | 23,095 |
Cipher Mining Inc. (a)(b) | 2,275 | 3,117 |
Citrix Systems Inc. (a) | 1,272 | 123,600 |
Cleanspark Inc. (a)(b) | 2,849 | 11,168 |
Clear Secure Inc., Class A (a)(b) | 3,623 | 72,460 |
Confluent Inc., Class A (a)(b) | 1,200 | 27,888 |
Consensus Cloud Solutions Inc. (a)(b) | 882 | 38,526 |
Couchbase Inc. (a)(b) | 1,543 | 25,336 |
Coupa Software Inc. (a)(b) | 759 | 43,339 |
CS Disco Inc. (a)(b) | 1,367 | 24,661 |
Cvent Holding Corp. (a)(b) | 4,895 | 22,615 |
Datadog Inc., Class A (a)(b) | 2,496 | 237,719 |
Digimarc Corp. (a)(b) | 918 | 12,980 |
Digital Turbine Inc. (a)(b) | 5,363 | 93,692 |
DocuSign Inc. (a)(b) | 1,889 | 108,391 |
Domo Inc., Class B (a)(b) | 1,769 | 49,178 |
DoubleVerify Holdings Inc. (a)(b) | 600 | 13,602 |
Dropbox Inc., Class A (a)(b) | 2,300 | 48,277 |
Duck Creek Technologies Inc. (a)(b) | 4,497 | 66,780 |
Dynatrace Inc. (a)(b) | 2,200 | 86,768 |
E2open Parent Holdings Inc. (a)(b) | 11,600 | 90,248 |
Ebix Inc. (a) | 1,463 | 24,725 |
eGain Corp. (a)(b) | 1,460 | 14,235 |
Elastic N.V. (a)(b) | 900 | 60,903 |
Enfusion Inc., Class A (a)(b) | 1,593 | 16,264 |
EngageSmart Inc. (a)(b) | 2,032 | 32,675 |
Envestnet Inc. (a)(b) | 3,201 | 168,917 |
Everbridge Inc. (a)(b) | 2,305 | 64,286 |
EverCommerce Inc. (a)(b) | 2,080 | 18,803 |
Fair Isaac Corp. (a)(b) | 250 | 100,225 |
Five9 Inc. (a)(b) | 600 | 54,684 |
ForgeRock Inc., Class A (a)(b) | 1,624 | 34,786 |
GTY Technology Holdings Inc. (a)(b) | 2,375 | 14,867 |
6 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Guidewire Software Inc. (a)(b) | 900 | $ 63,891 |
HubSpot Inc. (a)(b) | 458 | 137,698 |
Informatica Inc., Class A (a)(b) | 400 | 8,308 |
Instructure Holdings Inc. (a)(b) | 1,073 | 24,357 |
Intapp Inc. (a)(b) | 1,002 | 14,669 |
InterDigital Inc. (a) | 1,800 | 109,440 |
Intuit Inc. (a) | 2,754 | 1,061,502 |
Jamf Holding Corp. (a)(b) | 800 | 19,816 |
Latch Inc. (a)(b) | 4,097 | 4,671 |
LivePerson Inc. (a)(b) | 4,041 | 57,140 |
LiveRamp Holdings Inc. (a)(b) | 3,906 | 100,814 |
Manhattan Associates Inc. (a)(b) | 631 | 72,313 |
Marathon Digital Holdings Inc. (a)(b) | 5,861 | 31,298 |
Matterport Inc. (a)(b) | 12,747 | 46,654 |
MeridianLink Inc. (a)(b) | 1,520 | 25,384 |
MicroStrategy Inc., Class A (a)(b) | 557 | 91,515 |
Mitek Systems Inc. (a)(b) | 3,007 | 27,785 |
Model N Inc. (a)(b) | 2,204 | 56,378 |
Momentive Global Inc. (a)(b) | 7,872 | 69,274 |
nCino Inc. (a)(b) | 700 | 21,644 |
NCR Corp. (b) | 1,400 | 43,554 |
New Relic Inc. (a)(b) | 500 | 25,025 |
NextNav Inc. (a)(b) | 2,841 | 6,449 |
Nutanix Inc., Class A (b) | 1,700 | 24,871 |
Olo Inc., Class A (b) | 5,236 | 51,679 |
ON24 Inc. (b) | 2,422 | 22,985 |
PagerDuty Inc. (b) | 4,954 | 122,760 |
Palantir Technologies Inc., Class A (b) | 18,829 | 170,779 |
Paycom Software Inc. (b) | 535 | 149,864 |
Paycor HCM Inc. (b) | 800 | 20,800 |
Paylocity Holding Corp. (b) | 400 | 69,768 |
Pegasystems Inc. | 400 | 19,136 |
Procore Technologies Inc. (b) | 700 | 31,773 |
PROS Holdings Inc. (b) | 2,449 | 64,237 |
PTC Inc. (b) | 1,048 | 111,444 |
Q2 Holdings Inc. (b) | 3,253 | 125,468 |
Rimini Street Inc. (b) | 3,068 | 18,439 |
RingCentral Inc., Class A (b) | 900 | 47,034 |
Riot Blockchain Inc. (b) | 6,818 | 28,567 |
Roper Technologies Inc. | 1,074 | 423,854 |
salesforce.com Inc. (b) | 9,621 | 1,587,850 |
ShotSpotter Inc. (b) | 586 | 15,769 |
Smartsheet Inc., Class A (b) | 1,400 | 44,002 |
Splunk Inc. (b) | 1,510 | 133,575 |
Sprout Social Inc., Class A (b) | 2,676 | 155,395 |
SPS Commerce Inc. (b) | 2,112 | 238,762 |
Number of Shares | Fair Value | |
Sumo Logic Inc. (b) | 4,895 | $ 36,664 |
Synopsys Inc. (b) | 1,444 | 438,543 |
The Trade Desk Inc., Class A (b) | 4,311 | 180,588 |
Tyler Technologies Inc. (b) | 404 | 134,322 |
Unity Software Inc. (b) | 1,998 | 73,566 |
Upland Software Inc. (b) | 1,549 | 22,491 |
UserTesting Inc. (b) | 2,755 | 13,830 |
Verint Systems Inc. (b) | 3,750 | 158,812 |
Veritone Inc. (b) | 2,013 | 13,145 |
Viant Technology Inc., Class A (b) | 600 | 3,048 |
Vonage Holdings Corp. (b) | 14,964 | 281,922 |
WM Technology Inc. (b) | 4,179 | 13,749 |
Workday Inc., Class A (b) | 1,910 | 266,598 |
Workiva Inc. (b) | 2,776 | 183,188 |
Yext Inc. (b) | 6,997 | 33,446 |
Zendesk Inc. (b) | 1,106 | 81,921 |
Zeta Global Holdings Corp., Class A (b) | 1,813 | 8,195 |
Zoom Video Communications Inc., Class A (b) | 2,474 | 267,118 |
14,867,210 | ||
Asset Management & Custody Banks - 0.3% | ||
Affiliated Managers Group Inc. (a) | 400 | 46,640 |
Ameriprise Financial Inc. (a) | 1,067 | 253,605 |
Ares Management Corp., Class A (a) | 1,422 | 80,855 |
Artisan Partners Asset Management Inc., Class A (a) | 3,499 | 124,459 |
AssetMark Financial Holdings Inc. (a)(b) | 1,194 | 22,411 |
Associated Capital Group Inc., Class A (a) | 100 | 3,583 |
BlackRock Inc. (a) | 1,488 | 906,251 |
Blackstone Inc. (a) | 7,012 | 639,705 |
Blucora Inc. (a)(b) | 2,688 | 49,620 |
Blue Owl Capital Inc. (a) | 3,800 | 38,114 |
Brightsphere Investment Group Inc. (a) | 1,772 | 31,914 |
Cohen & Steers Inc. (a) | 1,479 | 94,050 |
Diamond Hill Investment Group Inc. (a) | 165 | 28,651 |
Federated Hermes Inc. (a) | 5,259 | 167,184 |
Focus Financial Partners Inc., Class A (a)(b) | 3,665 | 124,830 |
Franklin Resources Inc. (a) | 2,400 | 55,944 |
State Street Total Return V.I.S. Fund | 7 |
Number of Shares | Fair Value | |
GAMCO Investors Inc., Class A (a) | 288 | $ 6,019 |
GCM Grosvenor Inc., Class A | 3,182 | 21,797 |
Hamilton Lane Inc., Class A (a) | 2,056 | 138,122 |
Invesco Ltd. (a) | 3,500 | 56,455 |
KKR & Company Inc. (a) | 5,605 | 259,455 |
Manning & Napier Inc. (a) | 924 | 11,522 |
Northern Trust Corp. | 2,032 | 196,047 |
Pzena Investment Management Inc., Class A | 914 | 6,023 |
Sculptor Capital Management Inc. | 1,529 | 12,767 |
SEI Investments Co. | 1,000 | 54,020 |
Silvercrest Asset Management Group Inc., Class A | 577 | 9,469 |
State Street Corp. (d) | 3,661 | 225,701 |
StepStone Group Inc., Class A | 3,069 | 79,886 |
T Rowe Price Group Inc. | 2,257 | 256,418 |
The Bank of New York Mellon Corp. (a) | 7,406 | 308,904 |
The Carlyle Group Inc. (a) | 1,951 | 61,769 |
Victory Capital Holdings Inc., Class A | 961 | 23,160 |
Virtus Investment Partners Inc. | 408 | 69,776 |
WisdomTree Investments Inc. | 7,431 | 37,675 |
4,502,801 | ||
Auto Parts & Equipment - 0.1% | ||
American Axle & Manufacturing Holdings Inc. (a)(b) | 6,273 | 47,236 |
BorgWarner Inc. (a) | 2,286 | 76,284 |
Dana Inc. (a) | 7,518 | 105,778 |
Dorman Products Inc. (a)(b) | 1,535 | 168,405 |
Fox Factory Holding Corp. (a)(b) | 2,470 | 198,934 |
Gentex Corp. (a) | 2,558 | 71,547 |
Gentherm Inc. (a)(b) | 1,957 | 122,136 |
Holley Inc. (a)(b) | 2,994 | 31,437 |
LCI Industries (a) | 1,447 | 161,890 |
Lear Corp. (a) | 600 | 75,534 |
Luminar Technologies Inc. (a)(b) | 13,901 | 82,433 |
Modine Manufacturing Co. (a)(b) | 2,736 | 28,810 |
Motorcar Parts of America Inc. (a)(b) | 1,369 | 17,961 |
Patrick Industries Inc. | 1,270 | 65,837 |
QuantumScape Corp. (b) | 3,000 | 25,770 |
Number of Shares | Fair Value | |
Solid Power Inc. (b) | 3,305 | $ 17,781 |
Standard Motor Products Inc. | 1,157 | 52,053 |
Stoneridge Inc. (b) | 1,419 | 24,336 |
Tenneco Inc., Class A (b) | 4,806 | 82,471 |
Visteon Corp. (b) | 1,620 | 167,800 |
XPEL Inc. (b) | 1,254 | 57,596 |
1,682,029 | ||
Automobile Manufacturers - 0.5% | ||
Canoo Inc. (a)(b) | 7,468 | 13,816 |
Cenntro Electric Group Ltd. (a)(b) | 10,717 | 16,183 |
Faraday Future Intelligent Electric Inc. (a)(b) | 5,783 | 15,036 |
Fisker Inc. (a)(b) | 9,144 | 78,364 |
Ford Motor Co. (a) | 39,191 | 436,196 |
General Motors Co. (a)(b) | 14,327 | 455,025 |
Lordstown Motors Corp., Class A (a)(b) | 11,016 | 17,405 |
Lucid Group Inc. (a)(b) | 5,200 | 89,232 |
Rivian Automotive Inc., Class A (b) | 1,700 | 43,758 |
Tesla Inc. (b) | 8,419 | 5,669,523 |
Thor Industries Inc. | 634 | 47,379 |
Winnebago Industries Inc. | 1,814 | 88,088 |
Workhorse Group Inc. (b) | 8,309 | 21,603 |
6,991,608 | ||
Automotive Retail - 0.2% | ||
Advance Auto Parts Inc. (a) | 598 | 103,508 |
America's Car-Mart Inc. (a)(b) | 328 | 32,997 |
Arko Corp. (a) | 4,581 | 37,381 |
Asbury Automotive Group Inc. (a)(b) | 1,311 | 222,005 |
AutoNation Inc. (a)(b) | 382 | 42,692 |
AutoZone Inc. (a)(b) | 196 | 421,228 |
Camping World Holdings Inc., Class A (a) | 2,565 | 55,378 |
CarMax Inc. (a)(b) | 1,500 | 135,720 |
Carvana Co. (a)(b) | 1,013 | 22,874 |
EVgo Inc. (a)(b) | 3,957 | 23,782 |
Group 1 Automotive Inc. (a) | 940 | 159,612 |
Lithia Motors Inc., Class A (a) | 300 | 82,443 |
Monro Inc. (a) | 1,976 | 84,731 |
Murphy USA Inc. (a) | 1,322 | 307,854 |
OneWater Marine Inc., Class A (b) | 586 | 19,367 |
O'Reilly Automotive Inc. (b) | 635 | 401,168 |
Penske Automotive Group Inc. | 270 | 28,266 |
8 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Sonic Automotive Inc., Class A | 1,323 | $ 48,461 |
TravelCenters of America Inc. (b) | 673 | 23,198 |
Volta Inc. (b) | 7,115 | 9,249 |
2,261,914 | ||
Biotechnology - 1.2% | ||
2seventy bio Inc. (a)(b) | 2,177 | 28,736 |
4D Molecular Therapeutics Inc. (b) | 2,000 | 13,960 |
Aadi Bioscience Inc. (a)(b) | 843 | 10,386 |
AbbVie Inc. (a) | 17,472 | 2,676,012 |
ACADIA Pharmaceuticals Inc. (a)(b) | 7,000 | 98,630 |
Adagio Therapeutics Inc. (a)(b) | 3,022 | 9,912 |
Adicet Bio Inc. (a)(b) | 1,648 | 24,061 |
ADMA Biologics Inc. (a)(b) | 10,821 | 21,426 |
Aerovate Therapeutics Inc. (a)(b) | 437 | 6,830 |
Agenus Inc. (a)(b) | 15,447 | 29,967 |
Agios Pharmaceuticals Inc. (a)(b) | 3,339 | 74,026 |
Akero Therapeutics Inc. (a)(b) | 1,631 | 15,413 |
Albireo Pharma Inc. (a)(b) | 1,181 | 23,455 |
Alector Inc. (a)(b) | 3,621 | 36,789 |
Allogene Therapeutics Inc. (a)(b) | 4,640 | 52,896 |
Allovir Inc. (a)(b) | 1,229 | 4,793 |
Alnylam Pharmaceuticals Inc. (a)(b) | 1,181 | 172,249 |
Alpine Immune Sciences Inc. (a)(b) | 639 | 5,438 |
ALX Oncology Holdings Inc. (a)(b) | 1,425 | 11,528 |
Amgen Inc. (a) | 5,329 | 1,296,546 |
Amicus Therapeutics Inc. (a)(b) | 16,057 | 172,452 |
AnaptysBio Inc. (a)(b) | 1,244 | 25,253 |
Anavex Life Sciences Corp. (a)(b) | 3,657 | 36,607 |
Anika Therapeutics Inc. (a)(b) | 709 | 15,825 |
Apellis Pharmaceuticals Inc. (a)(b) | 5,294 | 239,395 |
Arcellx Inc. (a)(b) | 700 | 12,656 |
Arcturus Therapeutics Holdings Inc. (a)(b) | 1,482 | 23,327 |
Arcus Biosciences Inc. (a)(b) | 2,990 | 75,767 |
Arcutis Biotherapeutics Inc. (a)(b) | 2,039 | 43,451 |
Number of Shares | Fair Value | |
Arrowhead Pharmaceuticals Inc. (a)(b) | 5,993 | $ 211,014 |
Atara Biotherapeutics Inc. (a)(b) | 5,344 | 41,630 |
Aura Biosciences Inc. (a)(b) | 1,067 | 15,119 |
Avid Bioservices Inc. (a)(b) | 3,657 | 55,806 |
Avidity Biosciences Inc. (a)(b) | 2,846 | 41,352 |
Beam Therapeutics Inc. (a)(b) | 3,700 | 143,227 |
BioCryst Pharmaceuticals Inc. (a)(b) | 10,800 | 114,264 |
Biogen Inc. (a)(b) | 1,392 | 283,884 |
Biohaven Pharmaceutical Holding Company Ltd. (a)(b) | 3,627 | 528,490 |
BioMarin Pharmaceutical Inc. (a)(b) | 1,789 | 148,254 |
Bioxcel Therapeutics Inc. (a)(b) | 1,113 | 14,692 |
Bluebird Bio Inc. (a)(b) | 4,915 | 20,348 |
Blueprint Medicines Corp. (a)(b) | 3,479 | 175,724 |
Bridgebio Pharma Inc. (a)(b) | 5,855 | 53,163 |
C4 Therapeutics Inc. (a)(b) | 2,449 | 18,465 |
CareDx Inc. (a)(b) | 3,034 | 65,170 |
Caribou Biosciences Inc. (a)(b) | 2,737 | 14,862 |
Catalyst Pharmaceuticals Inc. (a)(b) | 5,320 | 37,293 |
Celldex Therapeutics Inc. (a)(b) | 2,832 | 76,351 |
Celularity Inc. (a) | 1,284 | 4,366 |
Century Therapeutics Inc. (a)(b) | 1,172 | 9,845 |
Cerevel Therapeutics Holdings Inc. (a)(b) | 3,164 | 83,656 |
ChemoCentryx Inc. (a)(b) | 3,680 | 91,190 |
Chimerix Inc. (a)(b) | 5,268 | 10,957 |
Chinook Therapeutics Inc. (a)(b) | 2,543 | 44,477 |
Cogent Biosciences Inc. (a)(b) | 2,691 | 24,273 |
Coherus Biosciences Inc. (a)(b) | 4,288 | 31,045 |
Contra Aduro Biotech | 4,580 | 595 |
Crinetics Pharmaceuticals Inc. (a)(b) | 3,064 | 57,144 |
CTI BioPharma Corp. (a)(b) | 5,393 | 32,196 |
Cullinan Oncology Inc. (a)(b) | 1,756 | 22,512 |
Cytokinetics Inc. (a)(b) | 4,780 | 187,806 |
Day One Biopharmaceuticals Inc. (a)(b) | 1,442 | 25,812 |
State Street Total Return V.I.S. Fund | 9 |
Number of Shares | Fair Value | |
Deciphera Pharmaceuticals Inc. (a)(b) | 2,623 | $ 34,492 |
Denali Therapeutics Inc. (a)(b) | 5,737 | 168,840 |
Design Therapeutics Inc. (a)(b) | 1,973 | 27,622 |
Dynavax Technologies Corp. (a)(b) | 6,890 | 86,745 |
Dyne Therapeutics Inc. (a)(b) | 1,844 | 12,668 |
Eagle Pharmaceuticals Inc. (a)(b) | 629 | 27,946 |
Editas Medicine Inc. (a)(b) | 4,139 | 48,964 |
Eiger BioPharmaceuticals Inc. (a)(b) | 2,367 | 14,912 |
Emergent BioSolutions Inc. (a)(b) | 2,932 | 91,009 |
Enanta Pharmaceuticals Inc. (a)(b) | 1,202 | 56,819 |
Enochian Biosciences Inc. (b) | 1,151 | 2,221 |
EQRx Inc. (a)(b) | 7,961 | 37,337 |
Erasca Inc. (a)(b) | 4,503 | 25,082 |
Exact Sciences Corp. (a)(b) | 1,500 | 59,085 |
Exelixis Inc. (a)(b) | 3,600 | 74,952 |
Fate Therapeutics Inc. (a)(b) | 4,840 | 119,935 |
FibroGen Inc. (a)(b) | 5,092 | 53,772 |
Foghorn Therapeutics Inc. (a)(b) | 1,429 | 19,434 |
Forma Therapeutics Holdings Inc. (a)(b) | 2,106 | 14,510 |
Generation Bio Co. (a)(b) | 2,709 | 17,771 |
Geron Corp. (a)(b) | 20,261 | 31,405 |
Gilead Sciences Inc. (a) | 12,555 | 776,025 |
Global Blood Therapeutics Inc. (a)(b) | 3,629 | 115,947 |
Gossamer Bio Inc. (a)(b) | 3,343 | 27,981 |
Halozyme Therapeutics Inc. (a)(b) | 7,960 | 350,240 |
Heron Therapeutics Inc. (a)(b) | 6,491 | 18,110 |
HilleVax Inc. (a)(b) | 755 | 8,252 |
Horizon Therapeutics PLC (a)(b) | 2,409 | 192,142 |
Humacyte Inc. (a)(b) | 1,027 | 3,297 |
Icosavax Inc. (a)(b) | 1,701 | 9,747 |
Ideaya Biosciences Inc. (a)(b) | 2,196 | 30,305 |
IGM Biosciences Inc. (a)(b) | 656 | 11,828 |
Imago Biosciences Inc. (a)(b) | 1,358 | 18,184 |
ImmunityBio Inc. (a)(b) | 5,009 | 18,633 |
ImmunoGen Inc. (a)(b) | 11,856 | 53,352 |
Immunovant Inc. (a)(b) | 2,941 | 11,470 |
Incyte Corp. (a)(b) | 1,846 | 140,241 |
Inhibrx Inc. (a)(b) | 1,959 | 22,235 |
Number of Shares | Fair Value | |
Inovio Pharmaceuticals Inc. (a)(b) | 14,408 | $ 24,926 |
Insmed Inc. (a)(b) | 6,943 | 136,916 |
Instil Bio Inc. (a)(b) | 3,608 | 16,669 |
Intellia Therapeutics Inc. (a)(b) | 4,391 | 227,278 |
Intercept Pharmaceuticals Inc. (a)(b) | 1,775 | 24,513 |
Ionis Pharmaceuticals Inc. (a)(b) | 1,400 | 51,828 |
Iovance Biotherapeutics Inc. (a)(b) | 8,779 | 96,920 |
Ironwood Pharmaceuticals Inc. (a)(b) | 8,241 | 95,019 |
iTeos Therapeutics Inc. (a)(b) | 1,405 | 28,943 |
IVERIC bio Inc. (a)(b) | 6,803 | 65,445 |
Janux Therapeutics Inc. (a)(b) | 1,314 | 16,044 |
Jounce Therapeutics Inc. (a)(b) | 2,453 | 7,433 |
KalVista Pharmaceuticals Inc. (a)(b) | 1,627 | 16,010 |
Karuna Therapeutics Inc. (a)(b) | 1,531 | 193,687 |
Karyopharm Therapeutics Inc. (a)(b) | 3,866 | 17,436 |
Keros Therapeutics Inc. (a)(b) | 978 | 27,022 |
Kezar Life Sciences Inc. (a)(b) | 2,649 | 21,907 |
Kiniksa Pharmaceuticals Ltd., Class A (a)(b) | 2,116 | 20,504 |
Kinnate Biopharma Inc. (a)(b) | 1,701 | 21,450 |
Kodiak Sciences Inc. (a)(b) | 2,311 | 17,656 |
Kronos Bio Inc. (a)(b) | 2,369 | 8,623 |
Krystal Biotech Inc. (a)(b) | 1,220 | 80,105 |
Kura Oncology Inc. (a)(b) | 3,784 | 69,361 |
Kymera Therapeutics Inc. (a)(b) | 2,201 | 43,338 |
Legend Biotech Corp. (b) | 500 | 27,500 |
Lexicon Pharmaceuticals Inc. (a)(b) | 3,100 | 5,766 |
Ligand Pharmaceuticals Inc. (a)(b) | 899 | 80,209 |
Lyell Immunopharma Inc. (a)(b) | 10,074 | 65,682 |
MacroGenics Inc. (a)(b) | 4,257 | 12,558 |
Madrigal Pharmaceuticals Inc. (a)(b) | 741 | 53,041 |
MannKind Corp. (a)(b) | 13,745 | 52,368 |
MeiraGTx Holdings PLC (a)(b) | 2,132 | 16,139 |
Mersana Therapeutics Inc. (a)(b) | 5,102 | 23,571 |
MiMedx Group Inc. (a)(b) | 5,927 | 20,567 |
Mirati Therapeutics Inc. (a)(b) | 500 | 33,565 |
10 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Mirum Pharmaceuticals Inc. (a)(b) | 925 | $ 18,001 |
Moderna Inc. (a)(b) | 3,408 | 486,833 |
Monte Rosa Therapeutics Inc. (a)(b) | 1,810 | 17,503 |
Morphic Holding Inc. (a)(b) | 1,498 | 32,507 |
Myriad Genetics Inc. (a)(b) | 4,720 | 85,762 |
Natera Inc. (a)(b) | 900 | 31,896 |
Neurocrine Biosciences Inc. (a)(b) | 1,000 | 97,480 |
Nkarta Inc. (b) | 1,887 | 23,248 |
Novavax Inc. (b) | 800 | 41,144 |
Nurix Therapeutics Inc. (b) | 2,581 | 32,701 |
Nuvalent Inc., Class A (b) | 930 | 12,611 |
Ocugen Inc. (b) | 12,462 | 28,289 |
Organogenesis Holdings Inc. (b) | 4,881 | 23,819 |
Outlook Therapeutics Inc. (b) | 8,672 | 8,845 |
Pardes Biosciences Inc. (b) | 1,650 | 5,066 |
PepGen Inc. (b) | 485 | 4,816 |
PMV Pharmaceuticals Inc. (b) | 2,144 | 30,552 |
Point Biopharma Global Inc. (b) | 4,312 | 29,365 |
Praxis Precision Medicines Inc. (b) | 2,236 | 5,478 |
Precigen Inc. (b) | 4,200 | 5,628 |
Prometheus Biosciences Inc. (b) | 1,654 | 46,692 |
Protagonist Therapeutics Inc. (b) | 3,071 | 24,292 |
PTC Therapeutics Inc. (b) | 4,090 | 163,845 |
Radius Health Inc. (b) | 3,341 | 34,646 |
Rallybio Corp. (b) | 1,391 | 10,502 |
RAPT Therapeutics Inc. (b) | 1,508 | 27,521 |
Recursion Pharmaceuticals Inc., Class A (b) | 7,873 | 64,086 |
Regeneron Pharmaceuticals Inc. (b) | 1,051 | 621,278 |
REGENXBIO Inc. (b) | 2,338 | 57,749 |
Relay Therapeutics Inc. (b) | 4,537 | 75,995 |
Replimune Group Inc. (b) | 1,633 | 28,545 |
REVOLUTION Medicines Inc. (b) | 3,670 | 71,528 |
Rigel Pharmaceuticals Inc. (b) | 12,049 | 13,615 |
Rocket Pharmaceuticals Inc. (b) | 2,548 | 35,060 |
Sage Therapeutics Inc. (b) | 3,033 | 97,966 |
Sana Biotechnology Inc. (b) | 5,398 | 34,709 |
Sangamo Therapeutics Inc. (b) | 6,425 | 26,599 |
Number of Shares | Fair Value | |
Sarepta Therapeutics Inc. (b) | 900 | $ 67,464 |
Seagen Inc. (b) | 1,300 | 230,022 |
Seres Therapeutics Inc. (b) | 3,408 | 11,689 |
Sierra Oncology Inc. (b) | 862 | 47,401 |
Sorrento Therapeutics Inc. (b) | 22,137 | 44,495 |
SpringWorks Therapeutics Inc. (b) | 2,021 | 49,757 |
Stoke Therapeutics Inc. (b) | 1,356 | 17,913 |
Sutro Biopharma Inc. (b) | 1,900 | 9,899 |
Syndax Pharmaceuticals Inc. (b) | 3,013 | 57,970 |
Talaris Therapeutics Inc. (b) | 1,022 | 4,609 |
Tango Therapeutics Inc. (b) | 2,715 | 12,299 |
Tenaya Therapeutics Inc. (b) | 2,015 | 11,344 |
TG Therapeutics Inc. (b) | 7,088 | 30,124 |
Travere Therapeutics Inc. (b) | 3,546 | 85,920 |
Turning Point Therapeutics Inc. (b) | 2,665 | 200,541 |
Twist Bioscience Corp. (b) | 3,268 | 114,249 |
Tyra Biosciences Inc. (b) | 583 | 4,168 |
Ultragenyx Pharmaceutical Inc. (b) | 700 | 41,762 |
United Therapeutics Corp. (b) | 411 | 96,848 |
Vanda Pharmaceuticals Inc. (b) | 2,984 | 32,526 |
Vaxart Inc. (b) | 6,568 | 22,988 |
Vaxcyte Inc. (b) | 3,069 | 66,781 |
VBI Vaccines Inc. (b) | 13,691 | 11,069 |
Vera Therapeutics Inc. (b) | 993 | 13,515 |
Veracyte Inc. (b) | 4,172 | 83,023 |
Vericel Corp. (b) | 2,748 | 69,195 |
Vertex Pharmaceuticals Inc. (b) | 2,481 | 699,121 |
Verve Therapeutics Inc. (b) | 1,976 | 30,193 |
Vir Biotechnology Inc. (b) | 4,222 | 107,534 |
Viridian Therapeutics Inc. (b) | 1,503 | 17,390 |
VistaGen Therapeutics Inc. (b) | 14,318 | 12,600 |
Xencor Inc. (b) | 3,342 | 91,471 |
Y-mAbs Therapeutics Inc. (b) | 2,302 | 34,829 |
Zentalis Pharmaceuticals Inc. (b) | 2,237 | 62,860 |
17,446,018 | ||
Brewers - 0.0% * | ||
Molson Coors Beverage Co., Class B (a) | 1,800 | 98,118 |
The Boston Beer Company Inc., Class A (a)(b) | 114 | 34,539 |
132,657 |
State Street Total Return V.I.S. Fund | 11 |
Number of Shares | Fair Value | |
Broadcasting - 0.1% | ||
AMC Networks Inc., Class A (a)(b) | 1,779 | $ 51,805 |
Audacy Inc. (a)(b) | 5,877 | 5,537 |
Cumulus Media Inc., Class A (a)(b) | 1,076 | 8,317 |
Entravision Communications Corp., Class A (a) | 4,352 | 19,845 |
Fox Corp., Class A (a) | 3,400 | 109,344 |
Fox Corp., Class B (a) | 1,700 | 50,490 |
Gray Television Inc. (a) | 4,793 | 80,954 |
iHeartMedia Inc., Class A (a)(b) | 7,019 | 55,380 |
Nexstar Media Group Inc., Class A (a) | 424 | 69,061 |
Paramount Global, Class B | 6,004 | 148,179 |
Sinclair Broadcast Group Inc., Class A | 2,815 | 57,426 |
TEGNA Inc. | 12,975 | 272,086 |
The EW Scripps., Class A (a)(b) | 3,171 | 39,542 |
Urban One Inc. (b) | 699 | 2,992 |
970,958 | ||
Building Products - 0.2% | ||
A O Smith Corp. (a) | 1,106 | 60,476 |
AAON Inc. (a) | 2,554 | 139,858 |
Advanced Drainage Systems Inc. (a) | 700 | 63,049 |
American Woodmark Corp. (a)(b) | 917 | 41,274 |
Apogee Enterprises Inc. (a) | 1,494 | 58,595 |
Armstrong World Industries Inc. (a) | 500 | 37,480 |
Builders FirstSource Inc. (a)(b) | 1,600 | 85,920 |
Carlisle Companies Inc. (a) | 500 | 119,305 |
Carrier Global Corp. (a) | 8,492 | 302,825 |
Cornerstone Building Brands Inc. (a)(b) | 3,683 | 90,197 |
CSW Industrials Inc. (a) | 890 | 91,697 |
Fortune Brands Home & Security Inc. (a) | 1,335 | 79,940 |
Gibraltar Industries Inc. (a)(b) | 1,959 | 75,911 |
Griffon Corp. (a) | 2,896 | 81,175 |
Hayward Holdings Inc. (a)(b) | 1,300 | 18,707 |
Insteel Industries Inc. (a) | 1,029 | 34,646 |
Janus International Group Inc. (a)(b) | 4,756 | 42,947 |
JELD-WEN Holding Inc. (a)(b) | 5,133 | 74,890 |
Johnson Controls International PLC (a) | 6,995 | 334,921 |
Number of Shares | Fair Value | |
Lennox International Inc. (a) | 300 | $ 61,977 |
Masco Corp. (a) | 2,200 | 111,320 |
Masonite International Corp. (a)(b) | 1,341 | 103,029 |
Owens Corning | 999 | 74,236 |
PGT Innovations Inc. (b) | 3,529 | 58,722 |
Quanex Building Products Corp. | 1,851 | 42,110 |
Resideo Technologies Inc. (b) | 8,421 | 163,536 |
Simpson Manufacturing Company Inc. | 2,525 | 254,040 |
The AZEK Company Inc. (a)(b) | 1,400 | 23,436 |
Trex Company Inc. (b) | 996 | 54,202 |
UFP Industries Inc. | 3,545 | 241,556 |
View Inc. (b) | 4,911 | 7,956 |
Zurn Water Solutions Corp. | 7,232 | 197,000 |
3,226,933 | ||
Cable & Satellite - 0.2% | ||
Altice USA Inc., Class A (a)(b) | 2,600 | 24,050 |
Cable One Inc. (a) | 63 | 81,227 |
Charter Communications Inc., Class A (a)(b) | 1,141 | 534,593 |
Comcast Corp., Class A (a) | 43,889 | 1,722,204 |
DISH Network Corp., Class A (a)(b) | 2,700 | 48,411 |
Liberty Broadband Corp., Class A (a)(b) | 300 | 34,065 |
Liberty Broadband Corp., Class C (a)(b) | 1,100 | 127,204 |
Liberty Media Corp-Liberty SiriusXM, Class A (a)(b) | 1,000 | 36,040 |
Liberty Media Corp-Liberty SiriusXM, Class C (a)(b) | 1,297 | 46,757 |
Sirius XM Holdings Inc. | 6,300 | 38,619 |
WideOpenWest Inc. (b) | 3,207 | 58,400 |
2,751,570 | ||
Casinos & Gaming - 0.1% | ||
Accel Entertainment Inc. (a)(b) | 3,421 | 36,331 |
Bally's Corp. (a)(b) | 2,321 | 45,909 |
Boyd Gaming Corp. (a) | 600 | 29,850 |
Caesars Entertainment Inc. (a)(b) | 1,959 | 75,030 |
Century Casinos Inc. (a)(b) | 1,986 | 14,299 |
Churchill Downs Inc. (a) | 400 | 76,612 |
DraftKings Inc., Class A (a)(b) | 3,800 | 44,346 |
Everi Holdings Inc. (a)(b) | 5,117 | 83,458 |
Full House Resorts Inc. (a)(b) | 2,377 | 14,452 |
12 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Golden Entertainment Inc. (a)(b) | 1,191 | $ 47,104 |
Inspired Entertainment Inc. (a)(b) | 1,289 | 11,098 |
International Game Technology PLC (a) | 5,888 | 109,281 |
Las Vegas Sands Corp. (a)(b) | 3,259 | 109,470 |
MGM Resorts International (a) | 3,400 | 98,430 |
Monarch Casino & Resort Inc. (a)(b) | 727 | 42,653 |
Penn National Gaming Inc. (b) | 1,800 | 54,756 |
Red Rock Resorts Inc., Class A | 3,157 | 105,318 |
Rush Street Interactive Inc. (b) | 3,771 | 17,611 |
Scientific Games Corp., Class A (a)(b) | 5,698 | 267,749 |
Wynn Resorts Ltd. (b) | 1,370 | 78,063 |
1,361,820 | ||
Coal & Consumable Fuels - 0.0% * | ||
Arch Resources Inc. (a) | 887 | 126,921 |
Centrus Energy Corp., Class A (a)(b) | 708 | 17,523 |
CONSOL Energy Inc. (a)(b) | 1,999 | 98,711 |
Energy Fuels Inc. (a)(b) | 8,589 | 42,172 |
Enviva Inc. (a) | 300 | 17,166 |
NACCO Industries Inc., Class A (a) | 236 | 8,944 |
Peabody Energy Corp. (b) | 6,856 | 146,238 |
Ur-Energy Inc. (b) | 13,413 | 14,218 |
471,893 | ||
Commercial Printing - 0.0% * | ||
Brady Corp., Class A (a) | 2,736 | 129,249 |
Deluxe Corp. (a) | 2,614 | 56,645 |
Ennis Inc. (a) | 1,376 | 27,836 |
Quad/Graphics Inc. (b) | 2,028 | 5,577 |
219,307 | ||
Commodity Chemicals - 0.1% | ||
AdvanSix Inc. (a) | 1,524 | 50,963 |
Cabot Corp. (a) | 3,239 | 206,616 |
Dow Inc. (a) | 7,086 | 365,708 |
Hawkins Inc. (a) | 1,056 | 38,048 |
Koppers Holdings Inc. (a) | 1,132 | 25,628 |
Kronos Worldwide Inc. (a) | 1,195 | 21,988 |
LyondellBasell Industries N.V., Class A (a) | 2,534 | 221,624 |
Olin Corp. | 1,590 | 73,585 |
Origin Materials Inc. (b) | 6,195 | 31,718 |
Number of Shares | Fair Value | |
PureCycle Technologies Inc. (b) | 6,187 | $ 45,908 |
Schweitzer-Mauduit International Inc. (a) | 1,908 | 47,929 |
Tredegar Corp. | 1,905 | 19,050 |
Trinseo PLC | 2,187 | 84,112 |
Valvoline Inc. | 1,500 | 43,245 |
Westlake Corp. | 300 | 29,406 |
1,305,528 | ||
Communications Equipment - 0.3% | ||
ADTRAN Inc. (a) | 2,984 | 52,310 |
Arista Networks Inc. (a)(b) | 2,653 | 248,692 |
Aviat Networks Inc. (a)(b) | 791 | 19,807 |
Calix Inc. (a)(b) | 3,306 | 112,867 |
Cambium Networks Corp. (a)(b) | 500 | 7,325 |
Casa Systems Inc. (a)(b) | 2,059 | 8,092 |
Ciena Corp. (a)(b) | 1,379 | 63,020 |
Cisco Systems Inc. (a) | 41,056 | 1,750,628 |
Clearfield Inc. (a)(b) | 627 | 38,843 |
CommScope Holding Company Inc. (a)(b) | 11,943 | 73,091 |
Comtech Telecommunications Corp. (a) | 1,259 | 11,419 |
Digi International Inc. (a)(b) | 1,920 | 46,502 |
DZS Inc. (a)(b) | 905 | 14,724 |
Extreme Networks Inc. (a)(b) | 7,614 | 67,917 |
F5 Inc. (a)(b) | 600 | 91,824 |
Harmonic Inc. (a)(b) | 5,515 | 47,815 |
Infinera Corp. (a)(b) | 11,214 | 60,107 |
Inseego Corp. (a)(b) | 6,224 | 11,763 |
Juniper Networks Inc. (a) | 3,055 | 87,067 |
Lumentum Holdings Inc. (a)(b) | 800 | 63,536 |
Motorola Solutions Inc. (a) | 1,629 | 341,438 |
NETGEAR Inc. (a)(b) | 1,578 | 29,225 |
NetScout Systems Inc. (a)(b) | 4,109 | 139,090 |
Ondas Holdings Inc. (b) | 1,990 | 10,726 |
Plantronics Inc. (b) | 2,394 | 94,994 |
Ribbon Communications Inc. (b) | 5,220 | 15,869 |
Ubiquiti Inc. | 100 | 24,821 |
ViaSat Inc. (b) | 900 | 27,567 |
Viavi Solutions Inc. (b) | 13,403 | 177,322 |
3,738,401 | ||
Computer & Electronics Retail - 0.0% * | ||
Best Buy Company Inc. (a) | 1,938 | 126,338 |
Conn's Inc. (a)(b) | 771 | 6,184 |
State Street Total Return V.I.S. Fund | 13 |
Number of Shares | Fair Value | |
GameStop Corp., Class A (a)(b) | 700 | $ 85,610 |
Rent-A-Center Inc. | 3,091 | 60,120 |
278,252 | ||
Construction & Engineering - 0.2% | ||
AECOM (a) | 1,400 | 91,308 |
Ameresco Inc., Class A (b) | 1,852 | 84,377 |
API Group Corp. (a)(b) | 12,048 | 180,359 |
Arcosa Inc. (a) | 2,821 | 130,979 |
Argan Inc. | 816 | 30,453 |
Comfort Systems USA Inc. (a) | 2,064 | 171,622 |
Concrete Pumping Holdings Inc. (a)(b) | 1,529 | 9,266 |
Construction Partners Inc., Class A (a)(b) | 2,208 | 46,235 |
Dycom Industries Inc. (a)(b) | 1,662 | 154,632 |
EMCOR Group Inc. (a) | 3,021 | 311,042 |
Fluor Corp. (a)(b) | 8,289 | 201,754 |
Granite Construction Inc. (a) | 2,561 | 74,627 |
Great Lakes Dredge & Dock Corp. (a)(b) | 3,955 | 51,850 |
IES Holdings Inc. (a)(b) | 627 | 18,917 |
Infrastructure and Energy Alternatives Inc. (a)(b) | 1,986 | 15,948 |
MasTec Inc. (a)(b) | 700 | 50,162 |
MDU Resources Group Inc. (a) | 1,600 | 43,184 |
MYR Group Inc. (a)(b) | 975 | 85,927 |
Northwest Pipe Co. (b) | 685 | 20,509 |
NV5 Global Inc. (b) | 787 | 91,874 |
Primoris Services Corp. | 2,989 | 65,041 |
Quanta Services Inc. | 1,438 | 180,239 |
Sterling Infrastructure Inc. (b) | 1,705 | 37,374 |
Tutor Perini Corp. (b) | 2,209 | 19,395 |
Valmont Industries Inc. | 200 | 44,926 |
WillScot Mobile Mini Holdings Corp. (b) | 2,100 | 68,082 |
2,280,082 | ||
Construction Machinery & Heavy Trucks - 0.2% | ||
Alamo Group Inc. (a) | 611 | 71,139 |
Allison Transmission Holdings Inc. (a) | 1,100 | 42,295 |
Astec Industries Inc. (a) | 1,386 | 56,521 |
Blue Bird Corp. (a)(b) | 1,262 | 11,623 |
Caterpillar Inc. (a) | 5,315 | 950,109 |
Cummins Inc. (a) | 1,358 | 262,814 |
Douglas Dynamics Inc. (a) | 1,242 | 35,695 |
Federal Signal Corp. (a) | 3,530 | 125,668 |
Number of Shares | Fair Value | |
Hyliion Holdings Corp. (a)(b) | 7,842 | $ 25,251 |
Hyzon Motors Inc. (a)(b) | 5,112 | 15,029 |
Lightning eMotors Inc. (a)(b) | 2,279 | 6,313 |
Meritor Inc. (a)(b) | 4,090 | 148,590 |
Microvast Holdings Inc. (a)(b) | 9,929 | 22,042 |
Miller Industries Inc. (a) | 806 | 18,272 |
Nikola Corp. (a)(b) | 17,002 | 80,930 |
Oshkosh Corp. | 600 | 49,284 |
PACCAR Inc. | 3,270 | 269,252 |
Proterra Inc. (b) | 12,874 | 59,735 |
REV Group Inc. | 1,877 | 20,403 |
Terex Corp. | 4,030 | 110,301 |
The Greenbrier Companies Inc. (a) | 1,782 | 64,134 |
The Manitowoc Company Inc. (a)(b) | 1,849 | 19,470 |
The Shyft Group Inc. | 1,909 | 35,488 |
Trinity Industries Inc. | 4,862 | 117,758 |
Wabash National Corp. | 2,699 | 36,653 |
Westinghouse Air Brake Technologies Corp. | 1,841 | 151,109 |
Xos Inc. (b) | 3,186 | 5,862 |
2,811,740 | ||
Construction Materials - 0.0% * | ||
Eagle Materials Inc. (a) | 400 | 43,976 |
Martin Marietta Materials Inc. (a) | 667 | 199,593 |
Summit Materials Inc., Class A (b) | 6,906 | 160,841 |
U.S. Lime & Minerals Inc. | 144 | 15,206 |
Vulcan Materials Co. | 1,331 | 189,135 |
608,751 | ||
Consumer Electronics - 0.0% * | ||
GoPro Inc., Class A (a)(b) | 7,116 | 39,351 |
Snap One Holdings Corp. (b) | 1,322 | 12,123 |
Sonos Inc. (b) | 7,431 | 134,055 |
Universal Electronics Inc. (b) | 910 | 23,269 |
Vizio Holding Corp., Class A (b) | 3,951 | 26,946 |
Vuzix Corp. (b) | 3,123 | 22,173 |
257,917 | ||
Consumer Finance - 0.2% | ||
Ally Financial Inc. (a) | 3,427 | 114,839 |
American Express Co. (a) | 5,957 | 825,759 |
Atlanticus Holdings Corp. (a)(b) | 372 | 13,083 |
14 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Capital One Financial Corp. (a) | 3,910 | $ 407,383 |
Consumer Portfolio Services Inc. (a)(b) | 833 | 8,538 |
Credit Acceptance Corp. (a)(b) | 52 | 24,617 |
Curo Group Holdings Corp. (a) | 1,551 | 8,577 |
Discover Financial Services (a) | 2,675 | 253,002 |
Encore Capital Group Inc. (a)(b) | 1,384 | 79,954 |
Enova International Inc. (a)(b) | 1,854 | 53,432 |
EZCORP Inc., Class A (a)(b) | 2,663 | 19,999 |
FirstCash Holdings Inc. (a) | 2,241 | 155,772 |
Green Dot Corp., Class A (a)(b) | 2,995 | 75,204 |
LendingClub Corp. (a)(b) | 6,020 | 70,374 |
LendingTree Inc. (a)(b) | 639 | 28,001 |
Moneylion Inc. (b) | 8,415 | 11,108 |
Navient Corp. (a) | 6,763 | 94,614 |
Nelnet Inc., Class A (a) | 950 | 80,988 |
NerdWallet Inc., Class A (a)(b) | 1,492 | 11,832 |
OneMain Holdings Inc. | 1,600 | 59,808 |
Oportun Financial Corp. (b) | 1,547 | 12,794 |
PRA Group Inc. (b) | 2,424 | 88,137 |
PROG Holdings Inc. (b) | 3,168 | 52,272 |
Regional Management Corp. | 544 | 20,329 |
SLM Corp. | 2,700 | 43,038 |
SoFi Technologies Inc. (b) | 7,800 | 41,106 |
Sunlight Financial Holdings Inc. (b) | 1,415 | 4,174 |
Synchrony Financial | 4,942 | 136,498 |
Upstart Holdings Inc. (b) | 500 | 15,810 |
World Acceptance Corp. (b) | 230 | 25,815 |
2,836,857 | ||
Copper - 0.0% * | ||
Freeport-McMoRan Inc. (a) | 14,098 | 412,507 |
Data Processing & Outsourced Services - 0.9% | ||
Affirm Holdings Inc. (a)(b) | 1,700 | 30,702 |
Automatic Data Processing Inc. (a) | 4,129 | 867,255 |
AvidXchange Holdings Inc. (a)(b) | 8,536 | 52,411 |
Block Inc. (a)(b) | 5,132 | 315,413 |
Bread Financial Holdings Inc. (a) | 2,916 | 108,067 |
Broadridge Financial Solutions Inc. (a) | 1,147 | 163,505 |
Cantaloupe Inc. (a)(b) | 4,205 | 23,548 |
Number of Shares | Fair Value | |
Cass Information Systems Inc. (a) | 748 | $ 25,282 |
Concentrix Corp. (a) | 452 | 61,309 |
Conduent Inc. (a)(b) | 9,274 | 40,064 |
CSG Systems International Inc. (a) | 1,894 | 113,034 |
Euronet Worldwide Inc. (a)(b) | 500 | 50,295 |
Evo Payments Inc., Class A (a)(b) | 2,903 | 68,279 |
ExlService Holdings Inc. (a)(b) | 1,886 | 277,864 |
Fidelity National Information Services Inc. (a) | 5,968 | 547,087 |
Fiserv Inc. (a)(b) | 5,847 | 520,208 |
FleetCor Technologies Inc. (a)(b) | 788 | 165,567 |
Flywire Corp. (a)(b) | 3,455 | 60,912 |
Genpact Ltd. (a) | 1,800 | 76,248 |
Global Payments Inc. (a) | 2,813 | 311,230 |
I3 Verticals Inc., Class A (a)(b) | 1,161 | 29,048 |
IBEX Holdings Ltd. (a)(b) | 452 | 7,625 |
International Money Express Inc. (a)(b) | 1,771 | 36,252 |
Jack Henry & Associates Inc. (a) | 738 | 132,855 |
Marqeta Inc., Class A (a)(b) | 25,280 | 205,021 |
Mastercard Inc., Class A (a) | 8,459 | 2,668,645 |
Maximus Inc. (a) | 3,577 | 223,598 |
MoneyGram International Inc. (a)(b) | 5,464 | 54,640 |
Paya Holdings Inc. (b) | 4,639 | 30,478 |
Paychex Inc. | 3,228 | 367,572 |
Payoneer Global Inc. (b) | 12,606 | 49,416 |
PayPal Holdings Inc. (b) | 11,431 | 798,341 |
Priority Technology Holdings Inc. (b) | 1,043 | 3,442 |
Remitly Global Inc. (b) | 4,898 | 37,519 |
Repay Holdings Corp. (b) | 5,310 | 68,233 |
Sabre Corp. (b) | 18,990 | 110,712 |
Shift4 Payments Inc., Class A (b) | 600 | 19,836 |
SS&C Technologies Holdings Inc. | 2,100 | 121,947 |
The Western Union Co. | 4,200 | 69,174 |
Toast Inc., Class A (b) | 2,200 | 28,468 |
TTEC Holdings Inc. | 1,098 | 74,543 |
Verra Mobility Corp. (b) | 8,579 | 134,776 |
Visa Inc., Class A | 16,266 | 3,202,613 |
WEX Inc. (b) | 392 | 60,979 |
12,414,013 |
State Street Total Return V.I.S. Fund | 15 |
Number of Shares | Fair Value | |
Department Stores - 0.0% * | ||
Dillard's Inc., Class A (a) | 251 | $ 55,363 |
Kohl's Corp. (a) | 1,200 | 42,828 |
Macy's Inc. (a) | 2,700 | 49,464 |
Nordstrom Inc. | 1,200 | 25,356 |
173,011 | ||
Distillers & Vintners - 0.0% * | ||
Brown-Forman Corp., Class B (a) | 1,835 | 128,744 |
Brown-Forman Corp., Class A (a) | 500 | 33,820 |
Constellation Brands Inc., Class A (a) | 1,508 | 351,454 |
MGP Ingredients Inc. (a) | 792 | 79,271 |
The Duckhorn Portfolio Inc. (a)(b) | 2,151 | 45,300 |
Vintage Wine Estates Inc. (b) | 1,886 | 14,824 |
653,413 | ||
Distributors - 0.0% * | ||
Funko Inc., Class A (a)(b) | 1,853 | 41,359 |
Genuine Parts Co. (a) | 1,400 | 186,200 |
LKQ Corp. (a) | 2,746 | 134,801 |
Pool Corp. | 387 | 135,926 |
Weyco Group Inc. | 344 | 8,411 |
506,697 | ||
Diversified Banks - 0.6% | ||
Bank of America Corp. (a) | 69,451 | 2,162,010 |
Citigroup Inc. (a) | 19,452 | 894,597 |
JPMorgan Chase & Co. (a) | 28,841 | 3,247,785 |
U.S. Bancorp | 13,100 | 602,862 |
Wells Fargo & Co. | 37,459 | 1,467,269 |
8,374,523 | ||
Diversified Chemicals - 0.0% * | ||
Huntsman Corp. (a) | 1,911 | 54,177 |
LSB Industries Inc. (a)(b) | 1,846 | 25,585 |
The Chemours Co. (a) | 1,800 | 57,636 |
137,398 | ||
Diversified Metals & Mining - 0.0% * | ||
5E Advanced Materials Inc. (a) | 1,881 | 22,911 |
Compass Minerals International Inc. (a) | 1,914 | 67,736 |
Ferroglobe PLC (c) | 1,316 | — |
Materion Corp. (a) | 1,212 | 89,361 |
Number of Shares | Fair Value | |
MP Materials Corp. (a)(b) | 800 | $ 25,664 |
Piedmont Lithium Inc. (b) | 1,011 | 36,810 |
242,482 | ||
Diversified Real Estate Activities - 0.0% * | ||
Tejon Ranch Co. (b) | 1,491 | 23,140 |
The RMR Group Inc., Class A | 823 | 23,332 |
The St Joe Co. | 2,007 | 79,397 |
125,869 | ||
Diversified REITs - 0.1% | ||
Alexander & Baldwin Inc. (a) | 4,055 | 72,787 |
American Assets Trust Inc. (a) | 2,799 | 83,130 |
Armada Hoffler Properties Inc. (a) | 3,694 | 47,431 |
Broadstone Net Lease Inc. | 9,856 | 202,147 |
CTO Realty Growth Inc. (a) | 310 | 18,947 |
Empire State Realty Trust Inc., Class A (a) | 8,780 | 61,723 |
Essential Properties Realty Trust Inc. | 7,602 | 163,367 |
Gladstone Commercial Corp. (a) | 2,230 | 42,013 |
Global Net Lease Inc. (a) | 6,186 | 87,594 |
iStar Inc. (a) | 4,121 | 56,499 |
One Liberty Properties Inc. | 864 | 22,447 |
PS Business Parks Inc. | 1,176 | 220,088 |
STORE Capital Corp. | 3,232 | 84,291 |
WP Carey Inc. | 1,931 | 160,003 |
1,322,467 | ||
Diversified Support Services - 0.1% | ||
ACV Auctions Inc., Class A (a)(b) | 6,565 | 42,935 |
Cintas Corp. (a) | 869 | 324,598 |
Copart Inc. (a)(b) | 2,074 | 225,361 |
Driven Brands Holdings Inc. (a)(b) | 300 | 8,262 |
Healthcare Services Group Inc. (a) | 4,187 | 72,896 |
IAA Inc. (a)(b) | 1,400 | 45,878 |
KAR Auction Services Inc. (a)(b) | 7,134 | 105,369 |
Matthews International Corp., Class A (a) | 1,890 | 54,186 |
UniFirst Corp. | 883 | 152,035 |
Viad Corp. (b) | 1,112 | 30,702 |
VSE Corp. | 704 | 26,456 |
1,088,678 |
16 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Drug Retail - 0.0% * | ||
Rite Aid Corp. (b) | 4,012 | $ 27,041 |
Walgreens Boots Alliance Inc. | 7,176 | 271,970 |
299,011 | ||
Education Services - 0.1% | ||
2U Inc. (a)(b) | 4,348 | 45,524 |
Adtalem Global Education Inc. (a)(b) | 2,777 | 99,889 |
American Public Education Inc. (a)(b) | 1,327 | 21,444 |
Bright Horizons Family Solutions Inc. (a)(b) | 591 | 49,951 |
Chegg Inc. (a)(b) | 7,243 | 136,024 |
Coursera Inc. (a)(b) | 6,566 | 93,106 |
Duolingo Inc. (a)(b) | 1,371 | 120,031 |
Graham Holdings Co., Class B (a) | 216 | 122,438 |
Grand Canyon Education Inc. (a)(b) | 400 | 37,676 |
Laureate Education Inc., Class A (a) | 6,599 | 76,350 |
Nerdy Inc. (b) | 3,156 | 6,722 |
Perdoceo Education Corp. (b) | 3,876 | 45,659 |
PowerSchool Holdings Inc., Class A (b) | 2,655 | 31,993 |
Strategic Eduction Inc. | 1,367 | 96,483 |
Stride Inc. (b) | 2,323 | 94,755 |
Udemy Inc. (b) | 4,202 | 42,902 |
Universal Technical Institute Inc. (b) | 1,886 | 13,447 |
1,134,394 | ||
Electric Utilities - 0.5% | ||
ALLETE Inc. (a) | 3,338 | 196,208 |
Alliant Energy Corp. (a) | 2,456 | 143,946 |
American Electric Power Company Inc. (a) | 5,188 | 497,737 |
Avangrid Inc. (a) | 1,098 | 50,640 |
Constellation Energy Corp. (a) | 3,207 | 183,633 |
Duke Energy Corp. (a) | 7,788 | 834,951 |
Edison International (a) | 3,711 | 234,684 |
Entergy Corp. (a) | 1,984 | 223,478 |
Evergy Inc. (a) | 2,387 | 155,752 |
Eversource Energy (a) | 3,414 | 288,381 |
Exelon Corp. (a) | 9,788 | 443,592 |
FirstEnergy Corp. (a) | 5,428 | 208,381 |
Hawaiian Electric Industries Inc. (a) | 1,100 | 44,990 |
IDACORP Inc. (a) | 700 | 74,144 |
Number of Shares | Fair Value | |
MGE Energy Inc. (a) | 2,120 | $ 165,000 |
NextEra Energy Inc. (a) | 19,357 | 1,499,393 |
NRG Energy Inc. | 2,361 | 90,119 |
OGE Energy Corp. | 1,850 | 71,336 |
Otter Tail Corp. | 2,395 | 160,776 |
PG&E Corp. (b) | 15,300 | 152,694 |
Pinnacle West Capital Corp. | 1,084 | 79,262 |
PNM Resources Inc. | 4,976 | 237,753 |
Portland General Electric Co. | 5,211 | 251,848 |
PPL Corp. | 7,500 | 203,475 |
The Southern Co. | 10,585 | 754,816 |
Via Renewables Inc. | 671 | 5,140 |
Xcel Energy Inc. | 5,373 | 380,193 |
7,632,322 | ||
Electrical Components & Equipment - 0.2% | ||
Acuity Brands Inc. (a) | 400 | 61,616 |
Allied Motion Technologies Inc. (a) | 755 | 17,244 |
AMETEK Inc. (a) | 2,227 | 244,725 |
Array Technologies Inc. (a)(b) | 8,779 | 96,657 |
Atkore Inc. (a)(b) | 2,541 | 210,928 |
Blink Charging Co. (a)(b) | 1,999 | 33,043 |
ChargePoint Holdings Inc. (a)(b) | 2,400 | 32,856 |
Eaton Corporation PLC (a) | 4,118 | 518,827 |
Emerson Electric Co. (a) | 5,929 | 471,593 |
Encore Wire Corp. (a) | 1,114 | 115,767 |
EnerSys (a) | 2,410 | 142,094 |
Enovix Corp. (a)(b) | 6,334 | 56,436 |
ESS Tech Inc. (a)(b) | 4,697 | 13,199 |
Fluence Energy Inc. (a)(b) | 2,092 | 19,832 |
FTC Solar Inc. (a)(b) | 1,883 | 6,816 |
FuelCell Energy Inc. (a)(b) | 21,945 | 82,294 |
Generac Holdings Inc. (a)(b) | 598 | 125,927 |
GrafTech International Ltd. (a) | 11,253 | 79,559 |
Heliogen Inc. (b) | 1,114 | 2,350 |
Hubbell Inc. (a) | 500 | 89,290 |
Plug Power Inc. (b) | 4,700 | 77,879 |
Powell Industries Inc. | 437 | 10,213 |
Preformed Line Products Co. | 163 | 10,024 |
Regal Rexnord Corp. | 667 | 75,718 |
Rockwell Automation Inc. | 1,122 | 223,626 |
Sensata Technologies Holding plc | 1,500 | 61,965 |
Shoals Technologies Group Inc., Class A (b) | 6,513 | 107,334 |
Stem Inc. (b) | 8,392 | 60,087 |
Sunrun Inc. (b) | 2,200 | 51,392 |
State Street Total Return V.I.S. Fund | 17 |
Number of Shares | Fair Value | |
Thermon Group Holdings Inc. (b) | 1,790 | $ 25,149 |
Vertiv Holdings Co. | 3,600 | 29,592 |
Vicor Corp. (b) | 1,282 | 70,164 |
3,224,196 | ||
Electronic Components - 0.1% | ||
Akoustis Technologies Inc. (a)(b) | 3,356 | 12,417 |
Amphenol Corp., Class A (a) | 5,899 | 379,778 |
Belden Inc. (a) | 2,591 | 138,022 |
Corning Inc. (a) | 7,617 | 240,012 |
II-VI Inc. (a)(b) | 1,000 | 50,950 |
Knowles Corp. (a)(b) | 5,217 | 90,411 |
Lightwave Logic Inc. (a)(b) | 6,508 | 42,562 |
Littelfuse Inc. (a) | 300 | 76,212 |
Rogers Corp. (b) | 1,093 | 286,464 |
Vishay Intertechnology Inc. | 7,806 | 139,103 |
1,455,931 | ||
Electronic Equipment & Instruments - 0.2% | ||
908 Devices Inc. (a)(b) | 1,528 | 31,461 |
Advanced Energy Industries Inc. (a) | 2,188 | 159,680 |
Aeva Technologies Inc. (a)(b) | 7,553 | 23,641 |
AEye Inc. (a)(b) | 1,538 | 2,938 |
Arlo Technologies Inc. (a)(b) | 4,613 | 28,923 |
Badger Meter Inc. (a) | 1,704 | 137,837 |
Cognex Corp. (a) | 1,900 | 80,788 |
Coherent Inc. (a)(b) | 300 | 79,866 |
Evolv Technologies Holdings Inc. (a)(b) | 4,894 | 13,018 |
FARO Technologies Inc. (a)(b) | 991 | 30,552 |
Focus Universal Inc. (a)(b) | 1,031 | 11,774 |
Identiv Inc. (a)(b) | 1,581 | 18,308 |
Itron Inc. (a)(b) | 2,627 | 129,853 |
Keysight Technologies Inc. (a)(b) | 1,773 | 244,408 |
MicroVision Inc. (a)(b) | 8,972 | 34,452 |
Mirion Technologies Inc. (b) | 7,976 | 45,942 |
Napco Security Technologies Inc. (a)(b) | 1,581 | 32,553 |
National Instruments Corp. (a) | 1,400 | 43,722 |
nLight Inc. (b) | 2,382 | 24,344 |
Novanta Inc. (b) | 2,069 | 250,908 |
OSI Systems Inc. (b) | 932 | 79,630 |
Ouster Inc. (b) | 8,979 | 14,546 |
PAR Technology Corp. (b) | 1,544 | 57,885 |
SmartRent Inc. (b) | 6,929 | 31,319 |
Number of Shares | Fair Value | |
Teledyne Technologies Inc. (b) | 471 | $ 176,677 |
Trimble Inc. (b) | 2,532 | 147,438 |
Velodyne Lidar Inc. (b) | 11,243 | 10,739 |
Vishay Precision Group Inc. (b) | 661 | 19,255 |
Vontier Corp. | 1,699 | 39,060 |
Zebra Technologies Corp., Class A (b) | 459 | 134,923 |
2,136,440 | ||
Electronic Manufacturing Services - 0.0% * | ||
Benchmark Electronics Inc. (a) | 2,147 | 48,436 |
CTS Corp. (a) | 1,782 | 60,677 |
IPG Photonics Corp. (a)(b) | 400 | 37,652 |
Jabil Inc. (a) | 1,214 | 62,169 |
Kimball Electronics Inc. (a)(b) | 1,301 | 26,150 |
Methode Electronics Inc. (a) | 2,076 | 76,895 |
Plexus Corp. (b) | 1,576 | 123,716 |
Sanmina Corp. (b) | 3,539 | 144,144 |
TTM Technologies Inc. (b) | 5,842 | 73,025 |
652,864 | ||
Environmental & Facilities Services - 0.1% | ||
ABM Industries Inc. (a) | 3,904 | 169,512 |
Aris Water Solution Inc., Class A (a) | 1,333 | 22,234 |
BrightView Holdings Inc. (a)(b) | 2,595 | 31,140 |
Casella Waste Systems Inc., Class A (a)(b) | 2,907 | 211,281 |
Clean Harbors Inc. (a)(b) | 600 | 52,602 |
Harsco Corp. (a)(b) | 4,293 | 30,523 |
Heritage-Crystal Clean Inc. (a)(b) | 839 | 22,620 |
Montrose Environmental Group Inc. (a)(b) | 1,605 | 54,185 |
Republic Services Inc. | 2,090 | 273,518 |
Rollins Inc. | 2,478 | 86,532 |
SP Plus Corp. (b) | 1,274 | 39,137 |
Stericycle Inc. (b) | 700 | 30,695 |
Tetra Tech Inc. | 500 | 68,275 |
Waste Management Inc. | 4,109 | 628,595 |
1,720,849 | ||
Fertilizers & Agricultural Chemicals - 0.1% | ||
American Vanguard Corp. (a) | 1,612 | 36,028 |
CF Industries Holdings Inc. (a) | 2,082 | 178,490 |
Corteva Inc. (a) | 7,302 | 395,330 |
FMC Corp. (a) | 1,164 | 124,560 |
Intrepid Potash Inc. (a)(b) | 648 | 29,348 |
18 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
The Mosaic Co. (a) | 3,647 | $ 172,248 |
The Scotts Miracle-Gro Co. | 462 | 36,493 |
972,497 | ||
Financial Exchanges & Data - 0.3% | ||
Bakkt Holdings Inc. (b) | 3,310 | 6,951 |
Cboe Global Markets Inc. (a) | 1,052 | 119,076 |
CME Group Inc. (a) | 3,522 | 720,953 |
Coinbase Global Inc., Class A (a)(b) | 1,500 | 70,530 |
Donnelley Financial Solutions Inc. (a)(b) | 1,631 | 47,772 |
FactSet Research Systems Inc. (a) | 400 | 153,828 |
Intercontinental Exchange Inc. (a) | 5,420 | 509,697 |
MarketAxess Holdings Inc. (a) | 390 | 99,844 |
MarketWise Inc. (a)(b) | 991 | 3,568 |
Moody's Corp. (a) | 1,558 | 423,729 |
Morningstar Inc. (a) | 300 | 72,549 |
MSCI Inc. (a) | 776 | 319,828 |
Nasdaq Inc. (a) | 1,146 | 174,811 |
Open Lending Corp., Class A (b) | 6,288 | 64,326 |
S&P Global Inc. | 3,351 | 1,129,488 |
Tradeweb Markets Inc., Class A | 973 | 66,407 |
Value Line Inc. | 76 | 5,020 |
3,988,377 | ||
Food Distributors - 0.1% | ||
HF Foods Group Inc. (a)(b) | 1,737 | 9,067 |
Performance Food Group Co. (b) | 1,500 | 68,970 |
SpartanNash Co. | 2,200 | 66,374 |
Sysco Corp. | 4,918 | 416,604 |
The Andersons Inc. (a) | 1,865 | 61,526 |
The Chefs' Warehouse Inc. (a)(b) | 1,930 | 75,058 |
U.S. Foods Holding Corp. (b) | 2,500 | 76,700 |
United Natural Foods Inc. (b) | 3,384 | 133,330 |
907,629 | ||
Food Retail - 0.1% | ||
Albertsons Companies Inc., Class A (a) | 1,700 | 45,424 |
Casey's General Stores Inc. (a) | 378 | 69,922 |
Grocery Outlet Holding Corp. (a)(b) | 1,100 | 46,893 |
Number of Shares | Fair Value | |
Ingles Markets Inc., Class A (a) | 828 | $ 71,829 |
Natural Grocers by Vitamin Cottage Inc. (a) | 425 | 6,779 |
Sprouts Farmers Market Inc. (b) | 6,367 | 161,212 |
The Kroger Co. (a) | 6,439 | 304,758 |
Village Super Market Inc., Class A | 601 | 13,709 |
Weis Markets Inc. | 918 | 68,428 |
788,954 | ||
Footwear - 0.1% | ||
Allbirds Inc., Class A (a)(b) | 5,495 | 21,595 |
Crocs Inc. (a)(b) | 3,533 | 171,951 |
Deckers Outdoor Corp. (a)(b) | 300 | 76,605 |
NIKE Inc., Class B (a) | 12,071 | 1,233,656 |
Rocky Brands Inc. | 504 | 17,227 |
Skechers U.S.A. Inc., Class A (b) | 1,500 | 53,370 |
Steven Madden Ltd. | 4,556 | 146,749 |
Wolverine World Wide Inc. | 4,570 | 92,131 |
1,813,284 | ||
Forest Products - 0.0% * | ||
Louisiana-Pacific Corp. (a) | 700 | 36,687 |
Gas Utilities - 0.1% | ||
Atmos Energy Corp. (a) | 1,334 | 149,541 |
Chesapeake Utilities Corp. (a) | 1,014 | 131,364 |
National Fuel Gas Co. (a) | 700 | 46,235 |
New Jersey Resources Corp. (a) | 5,606 | 249,635 |
Northwest Natural Holding Co. | 1,986 | 105,457 |
ONE Gas Inc. | 3,131 | 254,206 |
South Jersey Industries Inc. | 7,152 | 244,169 |
Southwest Gas Holdings Inc. | 3,844 | 334,735 |
Spire Inc. | 2,969 | 220,805 |
UGI Corp. | 2,200 | 84,942 |
1,821,089 | ||
General Merchandise Stores - 0.1% | ||
Big Lots Inc. (a) | 1,849 | 38,774 |
Dollar General Corp. (a) | 2,237 | 549,049 |
Dollar Tree Inc. (a)(b) | 2,126 | 331,337 |
Franchise Group Inc. (a) | 1,581 | 55,446 |
Ollie's Bargain Outlet Holdings Inc. (b) | 500 | 29,375 |
State Street Total Return V.I.S. Fund | 19 |
Number of Shares | Fair Value | |
Target Corp. | 4,574 | $ 645,986 |
1,649,967 | ||
Gold - 0.0% * | ||
Coeur Mining Inc. (a)(b) | 16,222 | 49,315 |
Hycroft Mining Holding Corp. (a)(b) | 8,789 | 9,756 |
Newmont Corp. (a) | 7,717 | 460,473 |
Royal Gold Inc. | 763 | 81,473 |
SSR Mining Inc. | 1,900 | 31,730 |
632,747 | ||
Health Care REITs - 0.1% | ||
CareTrust REIT Inc. (a) | 5,623 | 103,688 |
Community Healthcare Trust Inc. (a) | 1,456 | 52,722 |
Diversified Healthcare Trust (a) | 12,835 | 23,360 |
Global Medical REIT Inc. (a) | 3,298 | 37,036 |
Healthcare Realty Trust Inc. (a) | 8,818 | 239,849 |
Healthcare Trust of America Inc., Class A (a) | 2,100 | 58,611 |
Healthpeak Properties Inc. (a) | 5,436 | 140,847 |
LTC Properties Inc. (a) | 2,311 | 88,719 |
Medical Properties Trust Inc. (a) | 5,300 | 80,931 |
National Health Investors Inc. (a) | 2,570 | 155,768 |
Omega Healthcare Investors Inc. | 2,600 | 73,294 |
Physicians Realty Trust | 13,102 | 228,630 |
Sabra Health Care REIT Inc. | 13,441 | 187,771 |
Universal Health Realty Income Trust REIT | 705 | 37,513 |
Ventas Inc. | 4,038 | 207,674 |
Welltower Inc. | 4,414 | 363,493 |
2,079,906 | ||
Healthcare Distributors - 0.1% | ||
AdaptHealth Corp. (a)(b) | 4,205 | 75,858 |
AmerisourceBergen Corp. | 1,508 | 213,352 |
Cardinal Health Inc. (a) | 2,645 | 138,254 |
Covetrus Inc. (a)(b) | 6,163 | 127,882 |
Henry Schein Inc. (a)(b) | 1,372 | 105,287 |
McKesson Corp. (a) | 1,461 | 476,593 |
Owens & Minor Inc. | 4,297 | 135,141 |
Patterson Companies Inc. | 5,075 | 153,773 |
PetIQ Inc. (b) | 1,447 | 24,295 |
1,450,435 |
Number of Shares | Fair Value | |
Healthcare Equipment - 0.8% | ||
Abbott Laboratories (a) | 16,932 | $ 1,839,662 |
ABIOMED Inc. (a)(b) | 461 | 114,102 |
Alphatec Holdings Inc. (a)(b) | 3,833 | 25,068 |
AngioDynamics Inc. (a)(b) | 2,062 | 39,900 |
Artivion Inc. (a)(b) | 2,347 | 44,311 |
AtriCure Inc. (a)(b) | 2,654 | 108,442 |
AxoGen Inc. (a)(b) | 2,052 | 16,806 |
Axonics Inc. (a)(b) | 2,734 | 154,936 |
Baxter International Inc. (a) | 5,017 | 322,242 |
Becton Dickinson & Co. (a) | 2,745 | 676,725 |
Boston Scientific Corp. (a)(b) | 14,167 | 528,004 |
Butterfly Network Inc. (a)(b) | 7,208 | 22,129 |
Cardiovascular Systems Inc. (a)(b) | 2,169 | 31,147 |
CONMED Corp. (a) | 1,640 | 157,046 |
CryoPort Inc. (a)(b) | 2,593 | 80,331 |
Cue Health Inc. (a)(b) | 6,274 | 20,077 |
Cutera Inc. (a)(b) | 970 | 36,375 |
Dexcom Inc. (a)(b) | 3,900 | 290,667 |
Edwards Lifesciences Corp. (b) | 6,171 | 586,800 |
Enovis Corp. (a)(b) | 433 | 23,815 |
Envista Holdings Corp. (a)(b) | 1,800 | 69,372 |
Glaukos Corp. (a)(b) | 2,664 | 120,999 |
Globus Medical Inc., Class A (a)(b) | 800 | 44,912 |
Heska Corp. (a)(b) | 542 | 51,224 |
Hologic Inc. (a)(b) | 2,500 | 173,250 |
IDEXX Laboratories Inc. (a)(b) | 830 | 291,106 |
Inari Medical Inc. (a)(b) | 2,809 | 190,984 |
Inogen Inc. (a)(b) | 1,338 | 32,353 |
Insulet Corp. (a)(b) | 730 | 159,096 |
Integer Holdings Corp. (a)(b) | 1,919 | 135,596 |
Integra LifeSciences Holdings Corp. (a)(b) | 800 | 43,224 |
Intuitive Surgical Inc. (a)(b) | 3,556 | 713,725 |
iRadimed Corp. (a) | 446 | 15,137 |
iRhythm Technologies Inc. (a)(b) | 1,738 | 187,756 |
LeMaitre Vascular Inc. (a) | 1,134 | 51,654 |
Masimo Corp. (a)(b) | 476 | 62,199 |
Mesa Laboratories Inc. (a) | 305 | 62,202 |
Natus Medical Inc. (a)(b) | 2,070 | 67,834 |
Nevro Corp. (a)(b) | 2,032 | 89,063 |
NuVasive Inc. (b) | 3,049 | 149,889 |
Omnicell Inc. (b) | 2,557 | 290,859 |
Orthofix Medical Inc. (b) | 1,026 | 24,152 |
Outset Medical Inc. (b) | 2,600 | 38,636 |
Paragon 28 Inc. (b) | 2,685 | 42,611 |
20 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Penumbra Inc. (b) | 400 | $ 49,808 |
PROCEPT BioRobotics Corp. (b) | 1,491 | 48,741 |
QuidelOrtho Corp. (b) | 400 | 38,872 |
ResMed Inc. | 1,459 | 305,850 |
SeaSpine Holdings Corp. (b) | 2,290 | 12,938 |
Senseonics Holdings Inc. (b) | 28,132 | 28,976 |
Shockwave Medical Inc. (b) | 2,073 | 396,295 |
SI-BONE Inc. (b) | 1,758 | 23,206 |
Sight Sciences Inc. (b) | 1,027 | 9,233 |
STERIS PLC | 860 | 177,289 |
Stryker Corp. | 3,503 | 696,852 |
Surmodics Inc. (b) | 734 | 27,327 |
Tactile Systems Technology Inc. (b) | 900 | 6,570 |
Tandem Diabetes Care Inc. (b) | 700 | 41,433 |
Teleflex Inc. | 410 | 100,798 |
TransMedics Group Inc. (b) | 1,565 | 49,219 |
Treace Medical Concepts Inc. (b) | 1,942 | 27,848 |
Varex Imaging Corp. (b) | 2,118 | 45,304 |
Vicarious Surgical Inc. (b) | 3,176 | 9,337 |
ViewRay Inc. (b) | 8,100 | 21,465 |
Zimmer Biomet Holdings Inc. | 2,070 | 217,474 |
ZIMVIE Inc. (b) | 1,212 | 19,404 |
Zynex Inc. | 1,217 | 9,712 |
10,590,369 | ||
Healthcare Facilities - 0.1% | ||
Acadia Healthcare Company Inc. (a)(b) | 1,000 | 67,630 |
Brookdale Senior Living Inc. (a)(b) | 11,360 | 51,574 |
Cano Health Inc. (a)(b) | 9,426 | 41,286 |
Community Health Systems Inc. (a)(b) | 6,789 | 25,459 |
Encompass Health Corp. (a) | 1,100 | 61,655 |
Hanger Inc. (a)(b) | 2,042 | 29,241 |
HCA Healthcare Inc. (a) | 2,263 | 380,320 |
National HealthCare Corp. (a) | 767 | 53,613 |
Select Medical Holdings Corp. | 6,233 | 147,224 |
Surgery Partners Inc. (b) | 2,310 | 66,805 |
Tenet Healthcare Corp. (b) | 1,000 | 52,560 |
The Ensign Group Inc. (a) | 3,137 | 230,475 |
The Joint Corp. (a)(b) | 978 | 14,973 |
The Oncology Institute Inc. (b) | 1,093 | 5,531 |
The Pennat Group Inc. (b) | 1,376 | 17,627 |
U.S. Physical Therapy Inc. | 748 | 81,682 |
Number of Shares | Fair Value | |
Universal Health Services Inc., Class B | 620 | $ 62,440 |
1,390,095 | ||
Healthcare Services - 0.3% | ||
1Life Healthcare Inc. (a)(b) | 10,500 | 82,320 |
23andMe Holding Co., Class A (a)(b) | 10,009 | 24,822 |
Accolade Inc. (b) | 3,546 | 26,240 |
Addus HomeCare Corp. (a)(b) | 919 | 76,534 |
Agiliti Inc. (a)(b) | 1,598 | 32,775 |
agilon health Inc. (a)(b) | 1,600 | 34,928 |
AirSculpt Technologies Inc. (a)(b) | 383 | 2,271 |
Amedisys Inc. (a)(b) | 300 | 31,536 |
AMN Healthcare Services Inc. (a)(b) | 2,670 | 292,926 |
Apollo Medical Holdings Inc. (a)(b) | 2,267 | 87,484 |
ATI Physical Therapy Inc. (a)(b) | 4,356 | 6,142 |
Aveanna Healthcare Holdings Inc. (a)(b) | 2,000 | 4,520 |
CareMax Inc. (a)(b) | 3,472 | 12,603 |
Castle Biosciences Inc. (a)(b) | 1,385 | 30,401 |
Chemed Corp. (a) | 129 | 60,551 |
Cigna Corp. (a) | 3,130 | 824,818 |
CorVel Corp. (a)(b) | 522 | 76,875 |
Cross Country Healthcare Inc. (a)(b) | 1,970 | 41,035 |
CVS Health Corp. (a) | 13,018 | 1,206,248 |
DaVita Inc. (a)(b) | 587 | 46,937 |
DocGo Inc. (a)(b) | 4,688 | 33,472 |
Fulgent Genetics Inc. (a)(b) | 1,280 | 69,799 |
Guardant Health Inc. (a)(b) | 1,000 | 40,340 |
Hims & Hers Health Inc. (a)(b) | 7,066 | 32,009 |
Innovage Holding Corp. (a)(b) | 1,000 | 4,380 |
Invitae Corp. (a)(b) | 13,403 | 32,703 |
Laboratory Corporation of America Holdings (a) | 887 | 207,877 |
LHC Group Inc. (a)(b) | 1,730 | 269,430 |
LifeStance Health Group Inc. (a)(b) | 3,899 | 21,679 |
MEDNAX Inc. (b) | 5,003 | 105,113 |
ModivCare Inc. (a)(b) | 737 | 62,277 |
National Research Corp. (a) | 757 | 28,978 |
Oak Street Health Inc. (b) | 900 | 14,796 |
OPKO Health Inc. (b) | 24,551 | 62,114 |
Option Care Health Inc. (b) | 8,365 | 232,463 |
P3 Health Partners Inc. (b) | 1,481 | 5,509 |
State Street Total Return V.I.S. Fund | 21 |
Number of Shares | Fair Value | |
Premier Inc., Class A | 1,300 | $ 46,384 |
Privia Health Group Inc. (b) | 2,525 | 73,528 |
Quest Diagnostics Inc. | 1,129 | 150,135 |
R1 RCM Inc. (b) | 7,869 | 164,934 |
RadNet Inc. (b) | 2,850 | 49,248 |
Sema4 Holdings Corp. (b) | 9,205 | 11,598 |
Signify Health Inc., Class A (b) | 1,900 | 26,220 |
4,746,952 | ||
Healthcare Supplies - 0.2% | ||
Align Technology Inc. (a)(b) | 759 | 179,633 |
Atrion Corp. (a) | 85 | 53,453 |
Avanos Medical Inc. (a)(b) | 2,689 | 73,517 |
BioLife Solutions Inc. (a)(b) | 1,962 | 27,095 |
Bioventus Inc., Class A (a)(b) | 2,014 | 13,736 |
Cerus Corp. (a)(b) | 10,048 | 53,154 |
DENTSPLY SIRONA Inc. (a) | 1,967 | 70,281 |
Embecta Corp. (a)(b) | 3,340 | 84,569 |
Figs Inc., Class A (a)(b) | 7,426 | 67,651 |
Haemonetics Corp. (a)(b) | 2,957 | 192,737 |
ICU Medical Inc. (a)(b) | 200 | 32,878 |
Lantheus Holdings Inc. (a)(b) | 3,979 | 262,733 |
Meridian Bioscience Inc. (a)(b) | 2,613 | 79,487 |
Merit Medical Systems Inc. (a)(b) | 3,255 | 176,649 |
Neogen Corp. (a)(b) | 6,303 | 151,839 |
OraSure Technologies Inc. (b) | 5,051 | 13,688 |
OrthoPediatrics Corp. (b) | 837 | 36,117 |
Pulmonx Corp. (b) | 1,991 | 29,308 |
RxSight Inc. (b) | 1,218 | 17,149 |
Silk Road Medical Inc. (b) | 2,054 | 74,745 |
STAAR Surgical Co. (b) | 2,792 | 198,037 |
The Cooper Companies Inc. (a) | 530 | 165,954 |
UFP Technologies Inc. (b) | 376 | 29,918 |
Utah Medical Products Inc. | 250 | 21,475 |
2,105,803 | ||
Healthcare Technology - 0.1% | ||
Allscripts Healthcare Solutions Inc. (a)(b) | 6,836 | 101,378 |
American Well Corp., Class A (a)(b) | 13,356 | 57,698 |
Certara Inc. (a)(b) | 1,400 | 30,044 |
Change Healthcare Inc. (a)(b) | 2,700 | 62,262 |
Computer Programs & Systems Inc. (a)(b) | 934 | 29,860 |
Convey Health Solutions Holdings Inc. (a)(b) | 785 | 8,164 |
Doximity Inc., Class A (a)(b) | 900 | 31,338 |
Number of Shares | Fair Value | |
Evolent Health Inc., Class A (a)(b) | 4,773 | $ 146,579 |
Health Catalyst Inc. (a)(b) | 3,148 | 45,615 |
HealthStream Inc. (a)(b) | 1,372 | 29,786 |
Inspire Medical Systems Inc. (a)(b) | 1,584 | 289,349 |
Multiplan Corp. (a)(b) | 22,002 | 120,791 |
NextGen Healthcare Inc. (a)(b) | 3,438 | 59,959 |
Nutex Health Inc. | 2,258 | 7,282 |
OptimizeRx Corp. (b) | 926 | 25,363 |
Phreesia Inc. (b) | 2,757 | 68,953 |
Schrodinger Inc. (b) | 3,142 | 82,980 |
Sharecare Inc. (b) | 3,573 | 5,645 |
Simulations Plus Inc. | 940 | 46,370 |
Teladoc Health Inc. (b) | 1,651 | 54,830 |
Veeva Systems Inc., Class A (b) | 1,379 | 273,097 |
1,577,343 | ||
Heavy Electrical Equipment - 0.0% * | ||
AZZ Inc. (a) | 1,505 | 61,434 |
Babcock & Wilcox Enterprises Inc. (a)(b) | 2,967 | 17,891 |
Bloom Energy Corp., Class A (a)(b) | 9,482 | 156,453 |
Energy Vault Holdings Inc. (a)(b) | 1,465 | 14,679 |
NuScale Power Corp. (b) | 998 | 9,970 |
TPI Composites Inc. (b) | 1,969 | 24,613 |
285,040 | ||
Home Building - 0.1% | ||
Beazer Homes USA Inc. (a)(b) | 1,581 | 19,083 |
Cavco Industries Inc. (a)(b) | 543 | 106,423 |
Century Communities Inc. (a) | 1,683 | 75,685 |
D.R. Horton Inc. (a) | 3,240 | 214,456 |
Dream Finders Homes Inc., Class A (a)(b) | 1,220 | 12,981 |
Green Brick Partners Inc. (a)(b) | 1,692 | 33,112 |
Hovnanian Enterprises Inc., Class A (a)(b) | 380 | 16,260 |
Installed Building Products Inc. (a) | 1,412 | 117,422 |
KB Home (a) | 4,661 | 132,652 |
Landsea Homes Corp. (a)(b) | 683 | 4,549 |
Legacy Housing Corp. (a)(b) | 266 | 3,471 |
Lennar Corp., Class A (a) | 2,705 | 190,892 |
LGI Homes Inc. (a)(b) | 1,215 | 105,583 |
M/I Homes Inc. (a)(b) | 1,596 | 63,297 |
22 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
MDC Holdings Inc. (a) | 3,387 | $ 109,434 |
Meritage Homes Corp. (a)(b) | 2,087 | 151,307 |
NVR Inc. (b) | 31 | 124,128 |
PulteGroup Inc. | 2,418 | 95,825 |
Skyline Champion Corp. (b) | 3,106 | 147,287 |
Taylor Morrison Home Corp. (b) | 6,762 | 157,960 |
Toll Brothers Inc. | 1,015 | 45,269 |
TopBuild Corp. (b) | 300 | 50,148 |
Tri Pointe Homes Inc. (b) | 6,216 | 104,864 |
2,082,088 | ||
Home Furnishing Retail - 0.0% * | ||
Bed Bath & Beyond Inc. (a)(b) | 5,329 | 26,485 |
Haverty Furniture Companies Inc. (a) | 878 | 20,352 |
RH (b) | 170 | 36,084 |
Sleep Number Corp. (b) | 1,226 | 37,945 |
The Aaron's Company Inc. (a) | 1,705 | 24,808 |
Williams-Sonoma Inc. | 755 | 83,767 |
229,441 | ||
Home Furnishings - 0.0% * | ||
Ethan Allen Interiors Inc. (a) | 1,222 | 24,697 |
La-Z-Boy Inc. (a) | 2,705 | 64,136 |
Leggett & Platt Inc. (a) | 1,000 | 34,580 |
Mohawk Industries Inc. (a)(b) | 500 | 62,045 |
Purple Innovation Inc. (b) | 4,159 | 12,726 |
Tempur Sealy International Inc. | 1,900 | 40,603 |
The Lovesac Co. (a)(b) | 811 | 22,302 |
261,089 | ||
Home Improvement Retail - 0.3% | ||
Floor & Decor Holdings Inc., Class A (a)(b) | 1,000 | 62,960 |
GrowGeneration Corp. (a)(b) | 3,926 | 14,094 |
LL Flooring Holdings Inc. (a)(b) | 2,047 | 19,180 |
Lowe's Companies Inc. (a) | 6,523 | 1,139,373 |
The Home Depot Inc. (a) | 10,214 | 2,801,394 |
Tile Shop Holdings Inc. | 2,119 | 6,505 |
4,043,506 | ||
Hotel & Resort REITs - 0.1% | ||
Apple Hospitality REIT Inc. (a) | 12,528 | 183,786 |
Ashford Hospitality Trust Inc. (a)(b) | 2,003 | 11,978 |
Number of Shares | Fair Value | |
Braemar Hotels & Resorts Inc. (a) | 3,986 | $ 17,100 |
Chatham Lodging Trust (a)(b) | 2,616 | 27,337 |
DiamondRock Hospitality Co. (a)(b) | 12,214 | 100,277 |
Hersha Hospitality Trust (a)(b) | 1,723 | 16,903 |
Host Hotels & Resorts Inc. (a) | 7,054 | 110,607 |
Park Hotels & Resorts Inc. | 2,200 | 29,854 |
Pebblebrook Hotel Trust | 7,564 | 125,335 |
RLJ Lodging Trust | 9,315 | 102,744 |
Ryman Hospitality Properties Inc. (b) | 3,134 | 238,278 |
Service Properties Trust | 10,055 | 52,588 |
Summit Hotel Properties Inc. (b) | 6,340 | 46,092 |
Sunstone Hotel Investors Inc. (b) | 12,279 | 121,808 |
Xenia Hotels & Resorts Inc. (b) | 6,778 | 98,484 |
1,283,171 | ||
Hotels, Resorts & Cruise Lines - 0.2% | ||
Airbnb Inc., Class A (a)(b) | 3,700 | 329,596 |
Bluegreen Vacations Holding Corp. (a) | 768 | 19,169 |
Booking Holdings Inc. (a)(b) | 399 | 697,847 |
Carnival Corp. (a)(b) | 9,300 | 80,445 |
Choice Hotels International Inc. (a) | 400 | 44,652 |
Expedia Group Inc. (a)(b) | 1,478 | 140,159 |
Hilton Grand Vacations Inc. (a)(b) | 5,222 | 186,582 |
Hilton Worldwide Holdings Inc. (a) | 2,736 | 304,900 |
Hyatt Hotels Corp., Class A (a)(b) | 500 | 36,955 |
Lindblad Expeditions Holdings Inc. (a)(b) | 2,011 | 16,289 |
Marriott International Inc., Class A (a) | 2,703 | 367,635 |
Marriott Vacations Worldwide Corp. (a) | 355 | 41,251 |
Norwegian Cruise Line Holdings Ltd. (b) | 4,100 | 45,592 |
Royal Caribbean Cruises Ltd. (b) | 2,000 | 69,820 |
Sonder Holdings Inc. (b) | 3,570 | 3,713 |
Target Hospitality Corp. (b) | 1,536 | 8,771 |
Travel + Leisure Co. | 900 | 34,938 |
Vacasa Inc., Class A (b) | 2,382 | 6,860 |
State Street Total Return V.I.S. Fund | 23 |
Number of Shares | Fair Value | |
Wyndham Hotels & Resorts Inc. | 900 | $ 59,148 |
2,494,322 | ||
Household Appliances - 0.0% * | ||
Aterian Inc. (a)(b) | 3,546 | 7,659 |
Helen of Troy Ltd. (a)(b) | 1,398 | 227,049 |
iRobot Corp. (a)(b) | 1,495 | 54,941 |
Traeger Inc. (b) | 2,135 | 9,074 |
Weber Inc., Class A | 1,574 | 11,349 |
Whirlpool Corp. | 558 | 86,418 |
396,490 | ||
Household Products - 0.4% | ||
Central Garden & Pet Co., Class A (a)(b) | 2,374 | 94,984 |
Central Garden & Pet Co. (a)(b) | 529 | 22,440 |
Church & Dwight Company Inc. (a) | 2,428 | 224,978 |
Colgate-Palmolive Co. (a) | 8,195 | 656,747 |
Energizer Holdings Inc. (a) | 3,883 | 110,083 |
Kimberly-Clark Corp. (a) | 3,398 | 459,240 |
Reynolds Consumer Products Inc. | 400 | 10,908 |
Spectrum Brands Holdings Inc. | 400 | 32,808 |
The Clorox Co. (a) | 1,347 | 189,900 |
The Procter & Gamble Co. | 23,712 | 3,409,549 |
WD-40 Co. | 795 | 160,081 |
5,371,718 | ||
Housewares & Specialties - 0.0% * | ||
Lifetime Brands Inc. (a) | 745 | 8,225 |
Newell Brands Inc. (a) | 4,200 | 79,968 |
Tupperware Brands Corp. (b) | 3,362 | 21,315 |
109,508 | ||
Human Resource & Employment Services - 0.1% | ||
Alight Inc., Class A (a)(b) | 19,770 | 133,448 |
ASGN Inc. (a)(b) | 2,948 | 266,057 |
Barrett Business Services Inc. (a) | 407 | 29,658 |
First Advantage Corp. (a)(b) | 3,419 | 43,319 |
Heidrick & Struggles International Inc. (a) | 1,061 | 34,334 |
HireRight Holdings Corp. (a)(b) | 1,476 | 20,974 |
Insperity Inc. (a) | 2,113 | 210,941 |
Kelly Services Inc., Class A (a) | 1,934 | 38,351 |
Number of Shares | Fair Value | |
Kforce Inc. (a) | 1,214 | $ 74,467 |
Korn Ferry (a) | 3,119 | 180,964 |
ManpowerGroup Inc. (a) | 479 | 36,600 |
Robert Half International Inc. | 1,075 | 80,507 |
Skillsoft Corp. (b) | 4,726 | 16,636 |
Sterling Check Corp. (b) | 1,185 | 19,327 |
TriNet Group Inc. (b) | 2,290 | 177,750 |
TrueBlue Inc. (b) | 1,926 | 34,475 |
Upwork Inc. (b) | 6,981 | 144,367 |
1,542,175 | ||
Hypermarkets & Super Centers - 0.3% | ||
BJ's Wholesale Club Holdings Inc. (a)(b) | 1,300 | 81,016 |
Costco Wholesale Corp. (a) | 4,408 | 2,112,666 |
PriceSmart Inc. | 1,433 | 102,646 |
Walmart Inc. | 14,308 | 1,739,567 |
4,035,895 | ||
Independent Power Producers & Energy Traders - 0.0% * | ||
Clearway Energy Inc., Class A (a) | 2,137 | 68,320 |
Clearway Energy Inc., Class C (a) | 4,776 | 166,396 |
The AES Corp. (a) | 6,300 | 132,363 |
Vistra Corp. | 4,400 | 100,540 |
467,619 | ||
Industrial Conglomerates - 0.2% | ||
3M Co. (a) | 5,575 | 721,461 |
General Electric Co. (a) | 10,948 | 697,059 |
Honeywell International Inc. (a) | 6,754 | 1,173,913 |
2,592,433 | ||
Industrial Gases - 0.0% * | ||
Air Products & Chemicals Inc. (a) | 2,181 | 524,487 |
Industrial Machinery - 0.5% | ||
Albany International Corp., Class A (a) | 1,839 | 144,895 |
Altra Industrial Motion Corp. (a) | 3,786 | 133,456 |
Barnes Group Inc. (a) | 2,851 | 88,780 |
Berkshire Grey Inc. (a)(b) | 2,842 | 4,121 |
Chart Industries Inc. (a)(b) | 2,139 | 358,026 |
CIRCOR International Inc. (a)(b) | 1,309 | 21,454 |
24 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Columbus McKinnon Corp. (a) | 1,702 | $ 48,286 |
Crane Holdings Co. (a) | 500 | 43,780 |
Desktop Metal Inc., Class A (a)(b) | 15,396 | 33,871 |
Donaldson Company Inc. (a) | 1,100 | 52,954 |
Dover Corp. (a) | 1,474 | 178,826 |
Energy Recovery Inc. (a)(b) | 3,249 | 63,096 |
Enerpac Tool Group Corp. (a) | 3,629 | 69,024 |
EnPro Industries Inc. (a) | 1,212 | 99,299 |
Esab Corp. (a) | 433 | 18,944 |
ESCO Technologies Inc. (a) | 1,501 | 102,623 |
Evoqua Water Technologies Corp. (a)(b) | 6,850 | 222,693 |
Flowserve Corp. (a) | 1,300 | 37,219 |
Fortive Corp. (a) | 3,550 | 193,049 |
Franklin Electric Company Inc. (a) | 2,684 | 196,630 |
Gates Industrial Corp. plc (a)(b) | 400 | 4,324 |
Graco Inc. (a) | 1,639 | 97,373 |
Helios Technologies Inc. (a) | 1,895 | 125,544 |
Hillenbrand Inc. (a) | 4,229 | 173,220 |
Hillman Solutions Corp. (a)(b) | 7,837 | 67,712 |
Hyster-Yale Materials Handling Inc. (a) | 674 | 21,716 |
IDEX Corp. (a) | 757 | 137,494 |
Illinois Tool Works Inc. (a) | 3,102 | 565,339 |
Ingersoll Rand Inc. (a) | 3,921 | 164,996 |
ITT Inc. (a) | 900 | 60,516 |
John Bean Technologies Corp. (a) | 1,842 | 203,394 |
Kadant Inc. (a) | 676 | 123,269 |
Kennametal Inc. (a) | 4,709 | 109,390 |
Lincoln Electric Holdings Inc. (a) | 600 | 74,016 |
Markforged Holding Corp. (a)(b) | 6,412 | 11,862 |
Mueller Industries Inc. (a) | 3,258 | 173,619 |
Mueller Water Products Inc., Class A (a) | 9,080 | 106,508 |
Nordson Corp. | 535 | 108,305 |
Omega Flex Inc. | 221 | 23,784 |
Otis Worldwide Corp. | 4,004 | 282,963 |
Parker-Hannifin Corp. | 1,268 | 311,991 |
Proto Labs Inc. (b) | 1,554 | 74,343 |
RBC Bearings Inc. (b) | 1,661 | 307,202 |
Sarcos Technology and Robotics Corp. (b) | 4,418 | 11,752 |
Snap-on Inc. | 525 | 103,441 |
SPX Corp. (b) | 2,578 | 136,221 |
Number of Shares | Fair Value | |
Standex International Corp. | 734 | $ 62,229 |
Stanley Black & Decker Inc. | 1,387 | 145,441 |
Tennant Co. | 1,134 | 67,189 |
The Gorman-Rupp Co. (a) | 1,245 | 35,233 |
The Middleby Corp. (a)(b) | 510 | 63,934 |
The Timken Co. | 600 | 31,830 |
Velo3D Inc. (b) | 3,283 | 4,531 |
Watts Water Technologies Inc., Class A | 1,594 | 195,807 |
Welbilt Inc. (b) | 7,658 | 182,337 |
Xylem Inc. | 1,843 | 144,086 |
6,623,937 | ||
Industrial REITs - 0.2% | ||
Americold Realty Trust Inc. (a) | 2,900 | 87,116 |
Duke Realty Corp. (a) | 3,819 | 209,854 |
EastGroup Properties Inc. (a) | 400 | 61,732 |
First Industrial Realty Trust Inc. (a) | 1,400 | 66,472 |
Indus Realty Trust Inc. (a) | 410 | 24,338 |
Industrial Logistics Properties Trust (a) | 3,974 | 55,954 |
Innovative Industrial Properties Inc. (a) | 1,617 | 177,660 |
LXP Industrial Trust (a) | 16,475 | 176,941 |
Plymouth Industrial REIT Inc. | 2,194 | 38,483 |
Prologis Inc. | 7,372 | 867,316 |
Rexford Industrial Realty Inc. | 1,848 | 106,426 |
STAG Industrial Inc. | 10,506 | 324,425 |
Terreno Realty Corp. | 4,328 | 241,199 |
2,437,916 | ||
Insurance Brokers - 0.1% | ||
Aon PLC, Class A (a) | 2,043 | 550,956 |
Arthur J Gallagher & Co. (a) | 2,207 | 359,829 |
Brown & Brown Inc. (a) | 2,500 | 145,850 |
BRP Group Inc., Class A (a)(b) | 3,405 | 82,231 |
Crawford & Co., Class A (a) | 935 | 7,293 |
eHealth Inc. (a)(b) | 1,821 | 16,990 |
Goosehead Insurance Inc., Class A (a) | 1,109 | 50,648 |
Hippo Holdings Inc. (a)(b) | 14,822 | 13,023 |
Marsh & McLennan Companies Inc. (a) | 5,032 | 781,218 |
Ryan Specialty Holdings Inc. (b) | 800 | 31,352 |
Selectquote Inc. (b) | 7,151 | 17,734 |
2,057,124 |
State Street Total Return V.I.S. Fund | 25 |
Number of Shares | Fair Value | |
Integrated Oil & Gas - 0.5% | ||
Chevron Corp. (a) | 19,484 | $ 2,820,894 |
Exxon Mobil Corp. (a) | 41,718 | 3,572,729 |
Occidental Petroleum Corp. | 8,039 | 473,336 |
6,866,959 | ||
Integrated Telecommunication Services - 0.3% | ||
AT&T Inc. (a) | 70,640 | 1,480,614 |
ATN International Inc. (a) | 601 | 28,193 |
Consolidated Communications Holdings Inc. (a)(b) | 3,981 | 27,867 |
Frontier Communications Parent Inc. (a)(b) | 2,300 | 54,142 |
IDT Corp., Class B (a)(b) | 1,027 | 25,829 |
Ooma Inc. (b) | 1,615 | 19,122 |
Radius Global Infrastructure Inc., Class A (b) | 4,408 | 67,266 |
Starry Group Holdings Inc., Class A (b) | 1,385 | 5,706 |
Verizon Communications Inc. | 41,584 | 2,110,388 |
3,819,127 | ||
Interactive Home Entertainment - 0.1% | ||
Activision Blizzard Inc. (a) | 7,742 | 602,792 |
Electronic Arts Inc. (a) | 2,761 | 335,876 |
Playstudios Inc. (b) | 4,614 | 19,748 |
ROBLOX Corp., Class A (b) | 4,300 | 141,298 |
Skillz Inc. (b) | 17,794 | 22,064 |
Take-Two Interactive Software Inc. (b) | 1,583 | 193,965 |
1,315,743 | ||
Interactive Media & Services - 1.3% | ||
Alphabet Inc., Class C (a)(b) | 2,708 | 5,923,615 |
Alphabet Inc., Class A (a)(b) | 2,981 | 6,496,374 |
Bumble Inc., Class A (a)(b) | 5,023 | 141,397 |
Cargurus Inc. (a)(b) | 5,943 | 127,715 |
Cars.com Inc. (b) | 3,756 | 35,419 |
DHI Group Inc. (a)(b) | 2,490 | 12,375 |
Eventbrite Inc., Class A (b) | 4,238 | 43,524 |
EverQuote Inc., Class A (a)(b) | 800 | 7,072 |
fuboTV Inc. (a)(b) | 9,367 | 23,137 |
IAC/InterActiveCorp (a)(b) | 800 | 60,776 |
Match Group Inc. (a)(b) | 2,863 | 199,523 |
MediaAlpha Inc., Class A (a)(b) | 1,384 | 13,632 |
Meta Platforms Inc., Class A (a)(b) | 22,684 | 3,657,795 |
Outbrain Inc. (b) | 2,325 | 11,695 |
Number of Shares | Fair Value | |
Pinterest Inc., Class A (b) | 5,997 | $ 108,906 |
QuinStreet Inc. (b) | 2,729 | 27,454 |
The Arena Group Holdings Inc. (a)(b) | 660 | 5,940 |
TripAdvisor Inc. (b) | 900 | 16,020 |
TrueCar Inc. (b) | 6,858 | 17,762 |
Twitter Inc. (b) | 7,303 | 273,059 |
Vimeo Inc. (b) | 8,336 | 50,183 |
Yelp Inc. (b) | 4,030 | 111,913 |
Ziff Davis Inc. (b) | 2,660 | 198,250 |
ZipRecruiter Inc., Class A (b) | 4,653 | 68,957 |
ZoomInfo Technologies Inc. (b) | 2,700 | 89,748 |
17,722,241 | ||
Internet & Direct Marketing Retail - 0.7% | ||
1-800-Flowers.com Inc., Class A (a)(b) | 1,819 | 17,299 |
1stdibs.com Inc. (a)(b) | 1,521 | 8,654 |
aka Brands Holding Corp. (a)(b) | 589 | 1,626 |
Amazon.com Inc. (a)(b) | 88,220 | 9,369,846 |
BARK Inc. (b) | 3,001 | 3,841 |
CarParts.com Inc. (a)(b) | 2,613 | 18,134 |
ContextLogic Inc., Class A (a)(b) | 33,138 | 53,021 |
DoorDash Inc., Class A (a)(b) | 2,500 | 160,425 |
Duluth Holdings Inc., Class B (a)(b) | 650 | 6,201 |
eBay Inc. (a) | 5,548 | 231,185 |
Etsy Inc. (a)(b) | 1,191 | 87,193 |
Groupon Inc. (a)(b) | 1,257 | 14,204 |
Lands' End Inc. (a)(b) | 1,017 | 10,801 |
Liquidity Services Inc. (a)(b) | 1,663 | 22,351 |
Lulu's Fashion Lounge Holdings Inc. (a)(b) | 400 | 4,340 |
Overstock.com Inc. (b) | 2,403 | 60,099 |
PetMed Express Inc. | 1,095 | 21,791 |
Porch Group Inc. (b) | 5,452 | 13,957 |
Poshmark Inc., Class A (b) | 2,676 | 27,054 |
Quotient Technology Inc. (b) | 6,302 | 18,717 |
Qurate Retail Inc., Series A | 20,387 | 58,511 |
Rent the Runway Inc., Class A (b) | 2,720 | 8,350 |
Revolve Group Inc. (b) | 2,378 | 61,614 |
RumbleON Inc., Class B (b) | 603 | 8,870 |
Shutterstock Inc. | 1,412 | 80,922 |
Stitch Fix Inc., Class A (b) | 4,458 | 22,023 |
The RealReal Inc. (b) | 5,617 | 13,986 |
ThredUp Inc., Class A (b) | 3,418 | 8,545 |
26 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Vivid Seats Inc., Class A | 1,440 | $ 10,757 |
Wayfair Inc., Class A (b) | 600 | 26,136 |
Xometry Inc., Class A (b) | 1,967 | 66,740 |
10,517,193 | ||
Internet Services & Infrastructure - 0.1% | ||
Akamai Technologies Inc. (a)(b) | 1,514 | 138,274 |
BigCommerce Holdings Inc. (a)(b) | 3,734 | 60,491 |
Brightcove Inc. (a)(b) | 2,778 | 17,557 |
Cloudflare Inc., Class A (a)(b) | 3,185 | 139,344 |
Core Scientific Inc. (a)(b) | 12,742 | 18,986 |
Cyxtera Technologies Inc. (a)(b) | 2,479 | 28,112 |
DigitalOcean Holdings Inc. (a)(b) | 4,444 | 183,804 |
Edgio Inc. (a)(b) | 8,736 | 20,180 |
Fastly Inc., Class A (a)(b) | 6,497 | 75,430 |
GoDaddy Inc., Class A (a)(b) | 1,500 | 104,340 |
MongoDB Inc. (a)(b) | 683 | 177,238 |
Okta Inc. (b) | 1,261 | 113,994 |
Rackspace Technology Inc. (b) | 2,932 | 21,022 |
Snowflake Inc., Class A (b) | 2,010 | 279,511 |
SolarWinds Corp. | 2,812 | 28,823 |
Squarespace Inc., Class A (b) | 1,825 | 38,179 |
Switch Inc., Class A | 1,500 | 50,250 |
Twilio Inc., Class A (b) | 1,647 | 138,035 |
VeriSign Inc. (b) | 907 | 151,768 |
1,785,338 | ||
Investment Banking & Brokerage - 0.3% | ||
B Riley Financial Inc. (a) | 1,237 | 52,263 |
BGC Partners Inc., Class A (a) | 19,376 | 65,297 |
Cowen Inc., Class A (a) | 1,447 | 34,279 |
Evercore Inc., Class A (a) | 266 | 24,900 |
Houlihan Lokey Inc. (a) | 2,970 | 234,422 |
Interactive Brokers Group Inc., Class A (a) | 800 | 44,008 |
Jefferies Financial Group Inc. (a) | 2,309 | 63,775 |
Lazard Ltd., Class A (a) | 1,000 | 32,410 |
LPL Financial Holdings Inc. (a) | 803 | 148,137 |
Moelis & Co., Class A (a) | 3,755 | 147,759 |
Morgan Stanley (a) | 12,597 | 958,128 |
Oppenheimer Holdings Inc., Class A | 669 | 22,104 |
Perella Weinberg Partners | 2,712 | 15,811 |
Piper Sandler Cos. | 1,027 | 116,421 |
Number of Shares | Fair Value | |
PJT Partners Inc., Class A | 1,398 | $ 98,251 |
Raymond James Financial Inc. | 1,892 | 169,164 |
Robinhood Markets Inc., Class A (b) | 5,500 | 45,210 |
Stifel Financial Corp. | 1,100 | 61,622 |
Stonex Group Inc. (b) | 962 | 75,103 |
The Charles Schwab Corp. (a) | 15,081 | 952,818 |
The Goldman Sachs Group Inc. (a) | 3,322 | 986,701 |
Virtu Financial Inc., Class A | 1,000 | 23,410 |
4,371,993 | ||
IT Consulting & Other Services - 0.2% | ||
Amdocs Ltd. (a) | 1,367 | 113,885 |
Cerberus Cyber Sentinel Corp. (a)(b) | 2,660 | 9,576 |
Cognizant Technology Solutions Corp., Class A (a) | 5,002 | 337,585 |
DXC Technology Co. (a)(b) | 2,600 | 78,806 |
EPAM Systems Inc. (a)(b) | 565 | 166,551 |
Gartner Inc. (a)(b) | 789 | 190,804 |
Grid Dynamics Holdings Inc. (a)(b) | 2,830 | 47,600 |
Information Services Group Inc. (a) | 2,069 | 13,986 |
International Business Machines Corp. (a) | 8,953 | 1,264,074 |
Kyndryl Holdings Inc. (a)(b) | 2,359 | 23,071 |
Perficient Inc. (b) | 1,990 | 182,463 |
PFSweb Inc. (b) | 962 | 11,313 |
The Hackett Group Inc. (a) | 1,569 | 29,764 |
Thoughtworks Holding Inc. (b) | 500 | 7,055 |
Unisys Corp. (b) | 3,624 | 43,597 |
2,520,130 | ||
Leisure Facilities - 0.0% * | ||
Bowlero Corp. (a)(b) | 2,265 | 23,986 |
F45 Training Holdings Inc. (a)(b) | 1,459 | 5,734 |
Life Time Group Holdings Inc. (a)(b) | 2,448 | 31,530 |
Planet Fitness Inc., Class A (b) | 900 | 61,209 |
RCI Hospitality Holdings Inc. | 477 | 23,068 |
SeaWorld Entertainment Inc. (b) | 2,839 | 125,427 |
Six Flags Entertainment Corp. (b) | 1,200 | 26,040 |
Vail Resorts Inc. | 400 | 87,220 |
State Street Total Return V.I.S. Fund | 27 |
Number of Shares | Fair Value | |
Xponential Fitness Inc., Class A (b) | 889 | $ 11,166 |
395,380 | ||
Leisure Products - 0.1% | ||
Acushnet Holdings Corp. (a) | 1,920 | 80,026 |
AMMO Inc. (a)(b) | 4,738 | 18,241 |
Brunswick Corp. (a) | 800 | 52,304 |
Callaway Golf Co. (a)(b) | 8,147 | 166,199 |
Clarus Corp. (a) | 1,680 | 31,903 |
Hasbro Inc. (a) | 1,400 | 114,632 |
Johnson Outdoors Inc., Class A (a) | 373 | 22,813 |
Latham Group Inc. (a)(b) | 2,307 | 15,988 |
Malibu Boats Inc., Class A (a)(b) | 1,156 | 60,933 |
Marine Products Corp. (a) | 486 | 4,622 |
MasterCraft Boat Holdings Inc. (a)(b) | 988 | 20,797 |
Mattel Inc. (a)(b) | 3,259 | 72,773 |
Peloton Interactive Inc., Class A (b) | 2,272 | 20,857 |
Polaris Inc. | 500 | 49,640 |
Smith & Wesson Brands Inc. | 2,639 | 34,650 |
Solo Brands Inc., Class A (b) | 1,574 | 6,390 |
Sturm Ruger & Company Inc. | 1,055 | 67,151 |
Vinco Ventures Inc. (b) | 10,687 | 14,748 |
Vista Outdoor Inc. (b) | 3,171 | 88,471 |
YETI Holdings Inc. (b) | 1,000 | 43,270 |
986,408 | ||
Life & Health Insurance - 0.2% | ||
Aflac Inc. (a) | 6,455 | 357,155 |
American Equity Investment Life Holding Co. (a) | 4,675 | 170,965 |
Bright Health Group Inc. (a)(b) | 13,900 | 25,298 |
Brighthouse Financial Inc. (a)(b) | 970 | 39,789 |
CNO Financial Group Inc. | 6,769 | 122,451 |
Genworth Financial Inc., Class A (a)(b) | 29,641 | 104,633 |
Globe Life Inc. | 900 | 87,723 |
Lincoln National Corp. (a) | 1,686 | 78,854 |
MetLife Inc. (a) | 6,742 | 423,330 |
National Western Life Group Inc., Class A (a) | 140 | 28,378 |
Oscar Health Inc., Class A (b) | 6,879 | 29,236 |
Primerica Inc. | 400 | 47,876 |
Principal Financial Group Inc. | 2,500 | 166,975 |
Prudential Financial Inc. | 3,802 | 363,775 |
Number of Shares | Fair Value | |
Trupanion Inc. (b) | 2,271 | $ 136,851 |
Unum Group | 1,800 | 61,236 |
2,244,525 | ||
Life Sciences Tools & Services - 0.5% | ||
10X Genomics Inc., Class A (a)(b) | 900 | 40,725 |
Absci Corp. (b) | 2,557 | 8,489 |
Adaptive Biotechnologies Corp. (a)(b) | 6,491 | 52,512 |
Agilent Technologies Inc. (a) | 3,006 | 357,023 |
Akoya Biosciences Inc. (a)(b) | 644 | 8,275 |
Alpha Teknova Inc. (a)(b) | 378 | 3,175 |
Avantor Inc. (a)(b) | 6,000 | 186,600 |
Azenta Inc. (a) | 1,000 | 72,100 |
Berkeley Lights Inc. (a)(b) | 3,252 | 16,163 |
Bionano Genomics Inc. (a)(b) | 15,757 | 21,745 |
Bio-Rad Laboratories Inc., Class A (a)(b) | 211 | 104,445 |
Bio-Techne Corp. (a) | 410 | 142,122 |
Bruker Corp. (a) | 1,161 | 72,864 |
Charles River Laboratories International Inc. (a)(b) | 528 | 112,976 |
Codexis Inc. (a)(b) | 3,283 | 34,340 |
Cytek Biosciences Inc. (a)(b) | 6,648 | 71,333 |
Danaher Corp. (a) | 6,411 | 1,625,317 |
Illumina Inc. (a)(b) | 1,572 | 289,814 |
Inotiv Inc. (a)(b) | 857 | 8,227 |
IQVIA Holdings Inc. (a)(b) | 1,819 | 394,705 |
Maravai LifeSciences Holdings Inc., Class A (a)(b) | 1,400 | 39,774 |
MaxCyte Inc. (a)(b) | 5,358 | 25,343 |
Medpace Holdings Inc. (a)(b) | 1,641 | 245,609 |
Mettler-Toledo International Inc. (a)(b) | 225 | 258,473 |
NanoString Technologies Inc. (a)(b) | 2,492 | 31,648 |
Nautilus Biotechnology Inc. (a)(b) | 2,775 | 7,465 |
NeoGenomics Inc. (a)(b) | 7,230 | 58,925 |
Pacific Biosciences of California Inc. (b) | 13,152 | 58,132 |
PerkinElmer Inc. | 1,260 | 179,197 |
Quanterix Corp. (b) | 1,976 | 31,992 |
Quantum-Si Inc. (b) | 5,318 | 12,338 |
Repligen Corp. (b) | 506 | 82,174 |
Science 37 Holdings Inc. (b) | 3,625 | 7,286 |
Seer Inc. (b) | 2,933 | 26,250 |
Singular Genomics Systems Inc. (b) | 3,246 | 12,400 |
28 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
SomaLogic Inc. (b) | 8,713 | $ 39,383 |
Sotera Health Co. (b) | 1,300 | 25,467 |
Syneos Health Inc. (b) | 1,100 | 78,848 |
Thermo Fisher Scientific Inc. | 3,857 | 2,095,431 |
Waters Corp. (b) | 652 | 215,799 |
West Pharmaceutical Services Inc. | 803 | 242,803 |
7,397,687 | ||
Managed Healthcare - 0.5% | ||
Alignment Healthcare Inc. (a)(b) | 4,911 | 56,034 |
Centene Corp. (a)(b) | 5,826 | 492,938 |
Clover Health Investments Corp. (a)(b) | 22,215 | 47,540 |
Elevance Health Inc. (a) | 2,376 | 1,146,610 |
HealthEquity Inc. (a)(b) | 4,833 | 296,698 |
Humana Inc. (a) | 1,273 | 595,853 |
Molina Healthcare Inc. (a)(b) | 519 | 145,118 |
Progyny Inc. (b) | 4,356 | 126,542 |
UnitedHealth Group Inc. | 9,265 | 4,758,782 |
7,666,115 | ||
Marine - 0.0% * | ||
Eagle Bulk Shipping Inc. (a) | 781 | 40,518 |
Eneti Inc. (a) | 1,333 | 8,185 |
Genco Shipping & Trading Ltd. (a) | 2,135 | 41,248 |
Kirby Corp. (a)(b) | 600 | 36,504 |
Matson Inc. (a) | 2,350 | 171,268 |
297,723 | ||
Metal & Glass Containers - 0.1% | ||
AptarGroup Inc. (a) | 564 | 58,210 |
Ball Corp. (a) | 3,192 | 219,514 |
Berry Global Group Inc. (a)(b) | 1,418 | 77,479 |
Crown Holdings Inc. (a) | 1,247 | 114,936 |
Greif Inc., Class A (a) | 1,531 | 95,504 |
Greif Inc., Class B (a) | 316 | 19,684 |
Myers Industries Inc. (a) | 2,200 | 50,006 |
O-I Glass Inc. (b) | 9,063 | 126,882 |
Silgan Holdings Inc. | 923 | 38,166 |
TriMas Corp. | 2,413 | 66,816 |
867,197 | ||
Mortgage REITs - 0.2% | ||
AFC Gamma Inc. (a) | 1,095 | 16,786 |
AGNC Investment Corp. (a) | 4,489 | 49,693 |
Angel Oak Mortgage Inc. (a) | 800 | 10,368 |
Number of Shares | Fair Value | |
Annaly Capital Management Inc. (a) | 14,300 | $ 84,513 |
Apollo Commercial Real Estate Finance Inc. (a) | 8,348 | 87,153 |
Arbor Realty Trust Inc. (a) | 9,047 | 118,606 |
Ares Commercial Real Estate Corp. (a) | 2,393 | 29,267 |
ARMOUR Residential REIT Inc. (a) | 5,981 | 42,106 |
Blackstone Mortgage Trust Inc., Class A (a) | 9,916 | 274,376 |
BrightSpire Capital Inc. (a) | 5,546 | 41,872 |
Broadmark Realty Capital Inc. (a) | 7,849 | 52,667 |
Chicago Atlantic Real Estate Finance Inc. (a) | 473 | 7,123 |
Chimera Investment Corp. (a) | 13,850 | 122,157 |
Claros Mortgage Trust Inc. (a) | 5,356 | 89,713 |
Dynex Capital Inc. (a) | 1,970 | 31,363 |
Ellington Financial Inc. (a) | 3,310 | 48,558 |
Franklin BSP Realty Trust Inc. (a) | 4,902 | 66,079 |
Granite Point Mortgage Trust Inc. (a) | 2,915 | 27,897 |
Hannon Armstrong Sustainable Infrastructure Capital Inc. (a) | 4,963 | 187,899 |
Invesco Mortgage Capital Inc. (a) | 1,699 | 24,941 |
KKR Real Estate Finance Trust Inc. (a) | 3,013 | 52,577 |
Ladder Capital Corp. (a) | 6,347 | 66,897 |
MFA Financial Inc. (a) | 6,199 | 66,639 |
New Residential Investment Corp. (a) | 4,500 | 41,940 |
New York Mortgage Trust Inc. (a) | 23,321 | 64,366 |
Nexpoint Real Estate Finance Inc. (a) | 457 | 9,263 |
Orchid Island Capital Inc. | 10,362 | 29,532 |
PennyMac Mortgage Investment Trust | 5,493 | 75,968 |
Ready Capital Corp. | 4,114 | 49,039 |
Redwood Trust Inc. | 7,041 | 54,286 |
Starwood Property Trust Inc. | 3,200 | 66,848 |
TPG RE Finance Trust Inc. | 4,014 | 36,166 |
Two Harbors Investment Corp. | 20,118 | 100,188 |
2,126,846 | ||
Motorcycle Manufacturers - 0.0% * | ||
Harley-Davidson Inc. (a) | 1,100 | 34,826 |
State Street Total Return V.I.S. Fund | 29 |
Number of Shares | Fair Value | |
Movies & Entertainment - 0.3% | ||
AMC Entertainment Holdings Inc., Class A (a)(b) | 5,100 | $ 69,105 |
Cinemark Holdings Inc. (a)(b) | 6,346 | 95,317 |
Liberty Media Corp., Class A (a)(b) | 500 | 28,985 |
Liberty Media Corp-Liberty Braves, Class A (a)(b) | 735 | 18,485 |
Liberty Media Corp-Liberty Braves, Class C (a)(b) | 2,231 | 53,544 |
Liberty Media Corp-Liberty Formula One, Class C (a)(b) | 2,021 | 128,273 |
Lions Gate Entertainment Corp., Class A (a)(b) | 3,180 | 29,606 |
Lions Gate Entertainment Corp., Class B (a)(b) | 6,579 | 58,093 |
Live Nation Entertainment Inc. (a)(b) | 1,428 | 117,924 |
Madison Square Garden Entertainment Corp. (a)(b) | 1,465 | 77,088 |
Madison Square Garden Sports Corp. (a)(b) | 200 | 30,200 |
Netflix Inc. (a)(b) | 4,425 | 773,800 |
Redbox Entertainment Inc. (b) | 381 | 2,819 |
Reservoir Media Inc. (b) | 1,191 | 7,765 |
Roku Inc. (b) | 1,184 | 97,254 |
The Marcus Corp. (b) | 1,385 | 20,457 |
The Walt Disney Co. (b) | 18,156 | 1,713,926 |
Warner Bros Discovery Inc. (b) | 23,446 | 314,645 |
World Wrestling Entertainment Inc., Class A | 300 | 18,747 |
3,656,033 | ||
Multi-Line Insurance - 0.1% | ||
American International Group Inc. (a) | 7,775 | 397,536 |
Assurant Inc. (a) | 536 | 92,648 |
Horace Mann Educators Corp. (a) | 2,467 | 94,683 |
The Hartford Financial Services Group Inc. (a) | 3,394 | 222,069 |
806,936 | ||
Multi-Sector Holdings - 0.4% | ||
Berkshire Hathaway Inc., Class B (a)(b) | 17,843 | 4,871,496 |
Cannae Holdings Inc. (a)(b) | 4,756 | 91,981 |
Compass Diversified Holdings (a) | 3,528 | 75,570 |
5,039,047 |
Number of Shares | Fair Value | |
Multi-Utilities - 0.3% | ||
Ameren Corp. (a) | 2,651 | $ 239,544 |
Avista Corp. (a) | 4,219 | 183,569 |
Black Hills Corp. (a) | 3,786 | 275,507 |
CenterPoint Energy Inc. (a) | 6,537 | 193,365 |
CMS Energy Corp. (a) | 2,900 | 195,750 |
Consolidated Edison Inc. (a) | 3,539 | 336,559 |
Dominion Energy Inc. (a) | 8,142 | 649,813 |
DTE Energy Co. (a) | 1,984 | 251,472 |
NiSource Inc. | 3,913 | 115,394 |
NorthWestern Corp. | 3,165 | 186,514 |
Public Service Enterprise Group Inc. | 5,069 | 320,766 |
Sempra Energy | 3,089 | 464,184 |
Unitil Corp. | 951 | 55,843 |
WEC Energy Group Inc. | 3,174 | 319,431 |
3,787,711 | ||
Office REITs - 0.1% | ||
Alexandria Real Estate Equities Inc. (a) | 1,692 | 245,391 |
Boston Properties Inc. (a) | 1,500 | 133,470 |
Brandywine Realty Trust (a) | 10,060 | 96,978 |
Corporate Office Properties Trust (a) | 6,561 | 171,833 |
Cousins Properties Inc. (a) | 1,600 | 46,768 |
Douglas Emmett Inc. (a) | 1,900 | 42,522 |
Easterly Government Properties Inc. (a) | 5,309 | 101,083 |
Equity Commonwealth (a)(b) | 6,284 | 172,999 |
Franklin Street Properties Corp. (a) | 5,455 | 22,747 |
Highwoods Properties Inc. (a) | 1,200 | 41,028 |
Hudson Pacific Properties Inc. (a) | 1,500 | 22,260 |
JBG SMITH Properties (a) | 1,700 | 40,188 |
Kilroy Realty Corp. (a) | 1,222 | 63,947 |
Office Properties Income Trust | 2,929 | 58,434 |
Orion Office REIT Inc. | 3,322 | 36,409 |
Paramount Group Inc. | 11,087 | 80,159 |
Piedmont Office Realty Trust Inc., Class A | 6,961 | 91,328 |
Postal Realty Trust Inc., Class A | 1,226 | 18,267 |
SL Green Realty Corp. | 798 | 36,828 |
Veris Residential Inc. (b) | 4,912 | 65,035 |
Vornado Realty Trust | 2,000 | 57,180 |
1,644,854 |
30 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Office Services & Supplies - 0.0% * | ||
ACCO Brands Corp. (a) | 5,115 | $ 33,401 |
HNI Corp. (a) | 2,442 | 84,713 |
Interface Inc. (a) | 3,215 | 40,316 |
Kimball International Inc., Class B (a) | 2,638 | 20,234 |
MillerKnoll Inc. (a) | 4,426 | 116,271 |
MSA Safety Inc. (a) | 400 | 48,428 |
NL Industries Inc. | 487 | 4,807 |
Pitney Bowes Inc. | 9,708 | 35,143 |
Steelcase Inc., Class A | 5,243 | 56,257 |
439,570 | ||
Oil & Gas Drilling - 0.1% | ||
Diamond Offshore Drilling Inc. (a)(b) | 5,816 | 34,256 |
Helmerich & Payne Inc. (a) | 5,986 | 257,757 |
Nabors Industries Ltd. (a)(b) | 528 | 70,699 |
Noble Corp. (b) | 2,191 | 55,542 |
Patterson-UTI Energy Inc. | 12,492 | 196,874 |
Valaris Ltd. (b) | 3,547 | 149,826 |
764,954 | ||
Oil & Gas Equipment & Services - 0.2% | ||
Archrock Inc. (a) | 7,538 | 62,339 |
Baker Hughes Co. (a) | 9,333 | 269,444 |
Bristow Group Inc. (a)(b) | 1,296 | 30,326 |
Cactus Inc., Class A (a) | 3,433 | 138,247 |
ChampionX Corp. (a) | 11,899 | 236,195 |
DMC Global Inc. (b) | 1,038 | 18,715 |
Dril-Quip Inc. (a)(b) | 2,149 | 55,444 |
Expro Group Holdings N.V. (a)(b) | 4,514 | 52,001 |
Halliburton Co. (a) | 8,682 | 272,268 |
Helix Energy Solutions Group Inc. (a)(b) | 7,841 | 24,307 |
Liberty Energy Inc., Class A (a)(b) | 8,313 | 106,074 |
National Energy Services Reunited Corp. (a)(b) | 2,622 | 17,777 |
Newpark Resources Inc. (a)(b) | 6,074 | 18,769 |
NexTier Oilfield Solutions Inc. (a)(b) | 10,227 | 97,259 |
NOV Inc. | 3,400 | 57,494 |
Oceaneering International Inc. (b) | 5,559 | 59,370 |
Oil States International Inc. (b) | 3,281 | 17,783 |
ProPetro Holding Corp. (b) | 5,288 | 52,880 |
RPC Inc. (b) | 4,329 | 29,913 |
Schlumberger N.V. | 13,950 | 498,852 |
Number of Shares | Fair Value | |
Select Energy Services Inc., Class A (b) | 4,157 | $ 28,351 |
Solaris Oilfield Infrastructure Inc., Class A | 1,677 | 18,246 |
TETRA Technologies Inc. (b) | 6,735 | 27,344 |
Tidewater Inc. (b) | 2,500 | 52,725 |
U.S. Silica Holdings Inc. (b) | 4,093 | 46,742 |
Weatherford International PLC (b) | 4,116 | 87,136 |
2,376,001 | ||
Oil & Gas Exploration & Production - 0.5% | ||
Amplify Energy Corp. (a)(b) | 2,077 | 13,584 |
Antero Resources Corp. (a)(b) | 2,900 | 88,885 |
APA Corp. (a) | 3,600 | 125,640 |
Berry Corp. (a) | 4,667 | 35,563 |
Brigham Minerals Inc., Class A (a) | 2,969 | 73,127 |
California Resources Corp. (a) | 4,589 | 176,677 |
Callon Petroleum Co. (a)(b) | 2,866 | 112,347 |
Centennial Resource Development Inc., Class A (a)(b) | 11,979 | 71,634 |
Chesapeake Energy Corp. (a) | 1,200 | 97,320 |
Civitas Resources Inc. (a) | 4,294 | 224,533 |
CNX Resources Corp. (a)(b) | 11,390 | 187,479 |
Comstock Resources Inc. (a)(b) | 5,144 | 62,140 |
ConocoPhillips (a) | 12,772 | 1,147,053 |
Continental Resources Inc. (a) | 300 | 19,605 |
Coterra Energy Inc. (a) | 7,927 | 204,437 |
Crescent Energy Inc., Class A (a) | 1,892 | 23,612 |
Denbury Inc. (a)(b) | 2,956 | 177,330 |
Devon Energy Corp. (a) | 6,429 | 354,302 |
Diamondback Energy Inc. (a) | 1,731 | 209,711 |
Earthstone Energy Inc., Class A (a)(b) | 2,517 | 34,357 |
Empire Petroleum Corp. (a) | 394 | 4,677 |
EOG Resources Inc. (a) | 5,853 | 646,405 |
EQT Corp. (a) | 3,602 | 123,909 |
Gulfport Energy Corp. (a)(b) | 693 | 55,100 |
Hess Corp. (a) | 2,813 | 298,009 |
HighPeak Energy Inc. (a) | 373 | 9,556 |
Kosmos Energy Ltd. (a)(b) | 26,292 | 162,748 |
Laredo Petroleum Inc. (a)(b) | 994 | 68,526 |
Magnolia Oil & Gas Corp., Class A (a) | 9,716 | 203,939 |
Marathon Oil Corp. (a) | 6,787 | 152,572 |
Matador Resources Co. (a) | 6,555 | 305,397 |
State Street Total Return V.I.S. Fund | 31 |
Number of Shares | Fair Value | |
Murphy Oil Corp. (a) | 8,583 | $ 259,121 |
Northern Oil & Gas Inc. | 3,819 | 96,468 |
Oasis Petroleum Inc. (a) | 1,160 | 141,114 |
Ovintiv Inc. | 2,500 | 110,475 |
PDC Energy Inc. | 900 | 55,449 |
Pioneer Natural Resources Co. | 2,419 | 539,631 |
Range Resources Corp. (b) | 2,600 | 64,350 |
Ranger Oil Corp., Class A (b) | 1,181 | 38,819 |
Riley Exploration Permian Inc. | 687 | 16,612 |
Ring Energy Inc. (b) | 5,034 | 13,390 |
SandRidge Energy Inc. (b) | 1,850 | 28,990 |
SilverBow Resources Inc. (b) | 683 | 19,370 |
Sitio Royalties Corp. | 679 | 15,739 |
SM Energy Co. | 7,053 | 241,142 |
Southwestern Energy Co. (b) | 11,000 | 68,750 |
Talos Energy Inc. (b) | 3,852 | 59,590 |
Tellurian Inc. (b) | 29,710 | 88,536 |
Texas Pacific Land Corp. | 56 | 83,329 |
VAALCO Energy Inc. | 3,404 | 23,624 |
W&T Offshore Inc. (b) | 5,181 | 22,382 |
Whiting Petroleum Corp. | 2,291 | 155,857 |
7,612,912 | ||
Oil & Gas Refining & Marketing - 0.1% | ||
Aemetis Inc. (a)(b) | 1,950 | 9,575 |
Alto Ingredients Inc. (a)(b) | 5,068 | 18,802 |
Archaea Energy Inc. (a)(b) | 3,470 | 53,889 |
Clean Energy Fuels Corp. (a)(b) | 9,871 | 44,222 |
CVR Energy Inc. (a) | 1,807 | 60,534 |
Delek US Holdings Inc. (a)(b) | 4,104 | 106,047 |
Gevo Inc. (a)(b) | 10,851 | 25,500 |
Green Plains Inc. (a)(b) | 3,070 | 83,412 |
HF Sinclair Corp. (a) | 1,600 | 72,256 |
Marathon Petroleum Corp. (a) | 5,268 | 433,082 |
Par Pacific Holdings Inc. (b) | 2,847 | 44,385 |
PBF Energy Inc., Class A (b) | 5,637 | 163,586 |
Phillips 66 | 4,941 | 405,113 |
REX American Resources Corp. (b) | 284 | 24,083 |
Valero Energy Corp. | 4,086 | 434,260 |
Vertex Energy Inc. (b) | 3,149 | 33,127 |
World Fuel Services Corp. | 3,499 | 71,590 |
2,083,463 | ||
Oil & Gas Storage & Transportation - 0.1% | ||
Antero Midstream Corp. (a) | 4,300 | 38,915 |
Cheniere Energy Inc. (a) | 2,479 | 329,781 |
Number of Shares | Fair Value | |
Dorian LPG Ltd. (a) | 1,689 | $ 25,673 |
DTE Midstream LLC (a)(b) | 1,050 | 51,471 |
Equitrans Midstream Corp. (a) | 23,941 | 152,265 |
Excelerate Energy Inc., Class A (a)(b) | 1,080 | 21,514 |
International Seaways Inc. (a) | 2,815 | 59,678 |
Kinder Morgan Inc. (a) | 19,517 | 327,105 |
Kinetik Holdings Inc., Class A (a) | 964 | 32,911 |
New Fortress Energy Inc. (a) | 300 | 11,871 |
NextDecade Corp. (a)(b) | 1,800 | 7,992 |
ONEOK Inc. | 4,455 | 247,252 |
Targa Resources Corp. | 2,147 | 128,111 |
The Williams Companies Inc. | 12,137 | 378,796 |
1,813,335 | ||
Other Diversified Financial Services - 0.0% * | ||
Alerus Financial Corp. (a) | 802 | 19,096 |
Apollo Global Management Inc. (a) | 4,554 | 220,778 |
Equitable Holdings Inc. | 4,500 | 117,315 |
Jackson Financial Inc., Class A (a) | 4,398 | 117,646 |
Voya Financial Inc. | 1,000 | 59,530 |
534,365 | ||
Packaged Foods & Meats - 0.4% | ||
B&G Foods Inc. (a) | 3,960 | 94,169 |
Beyond Meat Inc. (a)(b) | 3,575 | 85,586 |
BRC Inc. (a)(b) | 1,495 | 12,199 |
Calavo Growers Inc. (a) | 939 | 39,175 |
Cal-Maine Foods Inc. (a) | 2,293 | 113,297 |
Campbell Soup Co. (a) | 2,300 | 110,515 |
Conagra Brands Inc. (a) | 4,800 | 164,352 |
Flowers Foods Inc. (a) | 2,100 | 55,272 |
Freshpet Inc. (a)(b) | 400 | 20,756 |
General Mills Inc. (a) | 6,030 | 454,964 |
Hormel Foods Corp. (a) | 2,878 | 136,302 |
Hostess Brands Inc. (a)(b) | 8,029 | 170,295 |
J&J Snack Foods Corp. (a) | 885 | 123,599 |
John B Sanfilippo & Son Inc. (a) | 486 | 35,230 |
Kellogg Co. (a) | 2,550 | 181,917 |
Lamb Weston Holdings Inc. (a) | 1,486 | 106,190 |
Lancaster Colony Corp. (a) | 1,132 | 145,779 |
Landec Corp. (a)(b) | 1,254 | 12,502 |
McCormick & Company Inc. (a) | 2,477 | 206,210 |
Mission Produce Inc. (a)(b) | 2,334 | 33,260 |
32 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Mondelez International Inc., Class A (a) | 13,602 | $ 844,548 |
Pilgrim's Pride Corp. (b) | 300 | 9,369 |
Post Holdings Inc. (b) | 600 | 49,410 |
Sanderson Farms Inc. | 1,246 | 268,550 |
Seaboard Corp. | 7 | 27,178 |
Seneca Foods Corp., Class A (b) | 294 | 16,329 |
Sovos Brands Inc. (b) | 1,658 | 26,312 |
SunOpta Inc. (b) | 5,687 | 44,245 |
Tattooed Chef Inc. (b) | 3,328 | 20,966 |
The Hain Celestial Group Inc. (a)(b) | 4,379 | 103,958 |
The Hershey Co. (a) | 1,394 | 299,933 |
The J M Smucker Co. (a) | 1,021 | 130,698 |
The Kraft Heinz Co. (a) | 7,029 | 268,086 |
The Simply Good Foods Co. (b) | 5,244 | 198,066 |
Tootsie Roll Industries Inc. | 854 | 30,189 |
TreeHouse Foods Inc. (b) | 2,923 | 122,240 |
Tyson Foods Inc., Class A | 2,732 | 235,116 |
Utz Brands Inc. | 3,827 | 52,889 |
Vital Farms Inc. (b) | 1,783 | 15,601 |
Whole Earth Brands Inc. (b) | 2,600 | 16,120 |
5,081,372 | ||
Paper Packaging - 0.1% | ||
Avery Dennison Corp. (a) | 842 | 136,295 |
Cryptyde Inc. (a) | 1,069 | 2,169 |
Graphic Packaging Holding Co. (a) | 3,000 | 61,500 |
International Paper Co. (a) | 3,823 | 159,916 |
Packaging Corp. of America | 883 | 121,413 |
Pactiv Evergreen Inc. | 2,313 | 23,037 |
Ranpak Holdings Corp. (b) | 2,620 | 18,340 |
Sealed Air Corp. | 1,405 | 81,097 |
Sonoco Products Co. | 1,100 | 62,744 |
Westrock Co. | 2,400 | 95,616 |
762,127 | ||
Paper Products - 0.0% * | ||
Clearwater Paper Corp. (a)(b) | 899 | 30,233 |
Glatfelter Corp. (a) | 3,091 | 21,266 |
Neenah Inc. (a) | 924 | 31,545 |
Sylvamo Corp. | 2,067 | 67,550 |
150,594 | ||
Personal Products - 0.1% | ||
BellRing Brands Inc. (a)(b) | 6,810 | 169,501 |
Number of Shares | Fair Value | |
Coty Inc., Class A (a)(b) | 4,300 | $ 34,443 |
Edgewell Personal Care Co. (a) | 3,054 | 105,424 |
elf Beauty Inc. (a)(b) | 2,878 | 88,297 |
Herbalife Nutrition Ltd. (a)(b) | 5,768 | 117,956 |
Inter Parfums Inc. (a) | 1,068 | 78,028 |
Medifast Inc. (a) | 648 | 116,970 |
Nature's Sunshine Products Inc. (a)(b) | 546 | 5,826 |
Nu Skin Enterprises Inc., Class A | 2,908 | 125,916 |
Olaplex Holdings Inc. (b) | 2,400 | 33,816 |
The Beauty Health Co. (a)(b) | 5,808 | 74,691 |
The Estee Lauder Companies Inc., Class A (a) | 2,266 | 577,082 |
The Honest Company Inc. (b) | 4,177 | 12,197 |
Thorne HealthTech Inc. (b) | 801 | 3,877 |
USANA Health Sciences Inc. (b) | 664 | 48,047 |
Veru Inc. (b) | 3,565 | 40,285 |
1,632,356 | ||
Pharmaceuticals - 1.3% | ||
Aclaris Therapeutics Inc. (a)(b) | 3,483 | 48,623 |
Aerie Pharmaceuticals Inc. (a)(b) | 3,061 | 22,957 |
Amneal Pharmaceuticals Inc. (a)(b) | 7,079 | 22,511 |
Amphastar Pharmaceuticals Inc. (a)(b) | 2,277 | 79,217 |
Amylyx Pharmaceuticals Inc. (a)(b) | 668 | 12,866 |
ANI Pharmaceuticals Inc. (a)(b) | 734 | 21,778 |
Arvinas Inc. (a)(b) | 2,832 | 119,199 |
Atea Pharmaceuticals Inc. (a)(b) | 4,273 | 30,338 |
Athira Pharma Inc. (a)(b) | 2,312 | 7,052 |
Axsome Therapeutics Inc. (a)(b) | 1,734 | 66,412 |
Bausch Health Companies Inc. (a)(b) | 4,400 | 36,702 |
Bristol-Myers Squibb Co. (a) | 21,029 | 1,619,233 |
Cara Therapeutics Inc. (a)(b) | 3,109 | 28,385 |
Cassava Sciences Inc. (a)(b) | 2,124 | 59,727 |
Catalent Inc. (a)(b) | 1,729 | 185,504 |
CinCor Pharma Inc. (a)(b) | 780 | 14,695 |
Collegium Pharmaceutical Inc. (a)(b) | 1,881 | 33,331 |
CONTRA ZOGENIX Inc. | 2,206 | 1,500 |
State Street Total Return V.I.S. Fund | 33 |
Number of Shares | Fair Value | |
Corcept Therapeutics Inc. (a)(b) | 4,912 | $ 116,807 |
DICE Therapeutics Inc. (a)(b) | 1,653 | 25,655 |
Edgewise Therapeutics Inc. (a)(b) | 2,798 | 22,272 |
Elanco Animal Health Inc. (a)(b) | 4,382 | 86,019 |
Eli Lilly & Co. (a) | 8,367 | 2,712,832 |
Esperion Therapeutics Inc. (a)(b) | 4,183 | 26,604 |
Evolus Inc. (a)(b) | 2,199 | 25,508 |
EyePoint Pharmaceuticals Inc. (a)(b) | 1,714 | 13,489 |
Fulcrum Therapeutics Inc. (a)(b) | 1,937 | 9,491 |
Harmony Biosciences Holdings Inc. (a)(b) | 1,527 | 74,472 |
Innoviva Inc. (a)(b) | 3,684 | 54,376 |
Intra-Cellular Therapies Inc. (a)(b) | 5,334 | 304,465 |
Johnson & Johnson (a) | 26,037 | 4,621,828 |
Liquidia Corp. (a)(b) | 2,779 | 12,116 |
Merck & Company Inc. (a) | 25,092 | 2,287,638 |
Nektar Therapeutics (a)(b) | 10,566 | 40,151 |
NGM Biopharmaceuticals Inc. (a)(b) | 2,283 | 29,268 |
Nuvation Bio Inc. (b) | 8,671 | 28,094 |
Ocular Therapeutix Inc. (b) | 5,545 | 22,291 |
Organon & Co. | 2,390 | 80,662 |
Pacira Pharmaceuticals Inc. (b) | 2,616 | 152,513 |
Pfizer Inc. | 56,495 | 2,962,033 |
Phathom Pharmaceuticals Inc. (b) | 1,474 | 12,441 |
Phibro Animal Health Corp., Class A | 1,092 | 20,890 |
Prestige Consumer Healthcare Inc. (b) | 2,930 | 172,284 |
Provention Bio Inc. (b) | 3,989 | 15,956 |
Reata Pharmaceuticals Inc., Class A (b) | 1,523 | 46,284 |
Relmada Therapeutics Inc. (b) | 1,595 | 30,289 |
Revance Therapeutics Inc. (b) | 4,302 | 59,454 |
Royalty Pharma PLC, Class A | 3,600 | 151,344 |
SIGA Technologies Inc. | 2,617 | 30,305 |
Supernus Pharmaceuticals Inc. (b) | 2,747 | 79,443 |
Tarsus Pharmaceuticals Inc. (b) | 1,056 | 15,418 |
Theseus Pharmaceuticals Inc. (b) | 639 | 3,534 |
Number of Shares | Fair Value | |
Tricida Inc. (b) | 1,939 | $ 18,769 |
Ventyx Biosciences Inc. (b) | 1,305 | 15,960 |
Viatris Inc. | 12,500 | 130,875 |
Xeris Biopharma Holdings Inc. (b) | 7,709 | 11,872 |
Zoetis Inc. | 4,622 | 794,476 |
17,728,208 | ||
Property & Casualty Insurance - 0.3% | ||
Ambac Financial Group Inc. (a)(b) | 2,468 | 28,012 |
American Financial Group Inc. (a) | 681 | 94,530 |
AMERISAFE Inc. (a) | 1,171 | 60,904 |
Arch Capital Group Ltd. (a)(b) | 3,600 | 163,764 |
Assured Guaranty Ltd. (a) | 500 | 27,895 |
Axis Capital Holdings Ltd. (a) | 800 | 45,672 |
Cincinnati Financial Corp. (a) | 1,665 | 198,102 |
CNA Financial Corp. (a) | 200 | 8,980 |
Donegal Group Inc., Class A (a) | 729 | 12,429 |
Employers Holdings Inc. (a) | 1,716 | 71,883 |
Erie Indemnity Co., Class A (a) | 264 | 50,738 |
Fidelity National Financial Inc. (a) | 2,500 | 92,400 |
First American Financial Corp. (a) | 1,100 | 58,212 |
HCI Group Inc. | 421 | 28,527 |
Investors Title Co. (a) | 91 | 14,277 |
Kemper Corp. (a) | 600 | 28,740 |
Kinsale Capital Group Inc. (a) | 1,260 | 289,346 |
Lemonade Inc. (a)(b) | 2,344 | 42,801 |
Loews Corp. (a) | 2,000 | 118,520 |
Markel Corp. (a)(b) | 136 | 175,882 |
MBIA Inc. (a)(b) | 2,631 | 32,493 |
Mercury General Corp. (a) | 1,558 | 69,019 |
NI Holdings Inc. (a)(b) | 492 | 8,084 |
Old Republic International Corp. | 2,410 | 53,888 |
Palomar Holdings Inc. (b) | 1,377 | 88,679 |
ProAssurance Corp. | 3,210 | 75,852 |
RLI Corp. | 2,266 | 264,193 |
Root Inc., Class A (b) | 8,132 | 9,677 |
Safety Insurance Group Inc. | 809 | 78,554 |
Selective Insurance Group Inc. | 3,475 | 302,116 |
Stewart Information Services Corp. | 1,596 | 79,401 |
The Allstate Corp. (a) | 2,691 | 341,030 |
34 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
The Hanover Insurance Group Inc. (a) | 300 | $ 43,875 |
The Progressive Corp. | 5,667 | 658,902 |
The Travelers Companies Inc. | 2,391 | 404,390 |
Tiptree Inc. | 1,127 | 11,969 |
Trean Insurance Group Inc. (b) | 1,000 | 6,230 |
United Fire Group Inc. | 1,285 | 43,986 |
Universal Insurance Holdings Inc. | 1,954 | 25,461 |
W R Berkley Corp. | 2,031 | 138,636 |
White Mountains Insurance Group Ltd. | 24 | 29,907 |
4,377,956 | ||
Publishing - 0.0% * | ||
Daily Journal Corp. (a)(b) | 82 | 21,222 |
Gannett Company Inc. (a)(b) | 7,620 | 22,098 |
John Wiley & Sons Inc., Class A (a) | 2,539 | 121,263 |
News Corp., Class A (a) | 4,094 | 63,784 |
News Corp., Class B (a) | 874 | 13,888 |
Scholastic Corp. | 1,690 | 60,789 |
The New York Times., Class A (a) | 1,901 | 53,038 |
356,082 | ||
Railroads - 0.2% | ||
CSX Corp. (a) | 21,484 | 624,325 |
Norfolk Southern Corp. | 2,438 | 554,133 |
Union Pacific Corp. | 6,219 | 1,326,388 |
2,504,846 | ||
Real Estate Development - 0.0% * | ||
Forestar Group Inc. (a)(b) | 1,261 | 17,263 |
Stratus Properties Inc. (b) | 343 | 11,053 |
The Howard Hughes Corp. (a)(b) | 400 | 27,220 |
55,536 | ||
Real Estate Operating Companies - 0.0% * | ||
DigitalBridge Group Inc. (a)(b) | 34,431 | 168,023 |
FRP Holdings Inc. (a)(b) | 357 | 21,545 |
Kennedy-Wilson Holdings Inc. (a) | 6,970 | 132,012 |
Seritage Growth Properties, Class A (b) | 2,558 | 13,327 |
334,907 |
Number of Shares | Fair Value | |
Real Estate Services - 0.1% | ||
CBRE Group Inc., Class A (a)(b) | 3,382 | $ 248,949 |
Compass Inc., Class A (a)(b) | 15,177 | 54,789 |
Cushman & Wakefield PLC (a)(b) | 9,257 | 141,077 |
Doma Holdings Inc. (a)(b) | 7,973 | 8,212 |
Douglas Elliman Inc. (a) | 5,070 | 24,285 |
eXp World Holdings Inc. (a) | 3,995 | 47,021 |
Jones Lang LaSalle Inc. (a)(b) | 500 | 87,430 |
Marcus & Millichap Inc. (a) | 1,453 | 53,746 |
Newmark Group Inc., Class A (a) | 9,428 | 91,169 |
Offerpad Solutions Inc. (b) | 3,975 | 8,665 |
Opendoor Technologies Inc. (b) | 5,500 | 25,905 |
Realogy Holdings Corp. (a)(b) | 6,905 | 67,876 |
Redfin Corp. (b) | 6,328 | 52,143 |
REX Holdings Inc., Class A | 1,228 | 30,111 |
Zillow Group Inc., Class A (b) | 700 | 22,267 |
Zillow Group Inc., Class C (b) | 1,400 | 44,450 |
1,008,095 | ||
Regional Banks - 1.2% | ||
1st Source Corp. (a) | 923 | 41,904 |
ACNB Corp. (a) | 492 | 14,607 |
Allegiance Bancshares Inc. (a) | 1,049 | 39,610 |
Amalgamated Financial Corp. (a) | 710 | 14,044 |
Amerant Bancorp Inc. (a) | 1,635 | 45,976 |
American National Bankshares Inc. (a) | 555 | 19,209 |
Ameris Bancorp. (a) | 3,854 | 154,854 |
Arrow Financial Corp. (a) | 743 | 23,635 |
Associated Banc-Corp. (a) | 8,689 | 158,661 |
Atlantic Union Bankshares Corp. (a) | 4,361 | 147,925 |
Banc of California Inc. (a) | 3,354 | 59,098 |
BancFirst Corp. (a) | 1,145 | 109,588 |
Bank First Corp. (a) | 356 | 26,988 |
Bank of Hawaii Corp. (a) | 300 | 22,320 |
Bank of Marin Bancorp (a) | 837 | 26,600 |
Bank OZK (a) | 1,300 | 48,789 |
BankUnited Inc. (a) | 4,836 | 172,017 |
Bankwell Financial Group Inc. (a) | 328 | 10,184 |
Banner Corp. (a) | 1,991 | 111,914 |
Bar Harbor Bankshares (a) | 788 | 20,378 |
Baycom Corp. (a) | 748 | 15,469 |
BCB Bancorp Inc. (a) | 837 | 14,254 |
State Street Total Return V.I.S. Fund | 35 |
Number of Shares | Fair Value | |
Berkshire Hills Bancorp Inc. (a) | 2,730 | $ 67,622 |
Blue Ridge Bankshares Inc. (a) | 1,199 | 18,369 |
BOK Financial Corp. (a) | 300 | 22,674 |
Brookline Bancorp Inc. (a) | 4,713 | 62,730 |
Business First Bancshares Inc. (a) | 1,233 | 26,275 |
Byline Bancorp Inc. (a) | 1,362 | 32,416 |
Cadence Bank (a) | 10,673 | 250,602 |
Cambridge Bancorp (a) | 372 | 30,764 |
Camden National Corp. (a) | 797 | 35,108 |
Capital Bancorp Inc. (a) | 409 | 8,875 |
Capital City Bank Group Inc. (a) | 714 | 19,913 |
Capstar Financial Holdings Inc. (a) | 1,097 | 21,523 |
Carter Bankshares Inc. (a)(b) | 1,377 | 18,176 |
Cathay General Bancorp (a) | 4,243 | 166,113 |
CBTX Inc. (a) | 998 | 26,537 |
Central Pacific Financial Corp. (a) | 1,495 | 32,068 |
Citizens & Northern Corp. (a) | 812 | 19,626 |
Citizens Financial Group Inc. (a) | 5,252 | 187,444 |
City Holding Co. (a) | 832 | 66,460 |
Civista Bancshares Inc. (a) | 1,058 | 22,493 |
CNB Financial Corp. (a) | 1,073 | 25,956 |
Coastal Financial Corp. (a)(b) | 542 | 20,661 |
Colony Bankcorp Inc. (a) | 953 | 14,381 |
Columbia Banking System Inc. (a) | 4,588 | 131,446 |
Comerica Inc. (a) | 1,264 | 92,752 |
Commerce Bancshares Inc. (a) | 1,165 | 76,482 |
Community Bank System Inc. (a) | 3,109 | 196,738 |
Community Trust Bancorp Inc. (a) | 851 | 34,414 |
ConnectOne Bancorp Inc. (a) | 2,286 | 55,893 |
CrossFirst Bankshares Inc. (a)(b) | 2,521 | 33,277 |
Cullen/Frost Bankers Inc. (a) | 600 | 69,870 |
Customers Bancorp Inc. (a)(b) | 1,805 | 61,190 |
CVB Financial Corp. (a) | 7,957 | 197,413 |
Dime Community Bancshares Inc. (a) | 2,065 | 61,227 |
Eagle Bancorp Inc. (a) | 1,846 | 87,519 |
East West Bancorp Inc. (a) | 1,393 | 90,266 |
Eastern Bankshares Inc. (a) | 9,706 | 179,173 |
Enterprise Bancorp Inc. (a) | 668 | 21,503 |
Number of Shares | Fair Value | |
Enterprise Financial Services Corp. (a) | 2,054 | $ 85,241 |
Equity Bancshares Inc., Class A (a) | 895 | 26,098 |
Esquire Financial Holdings Inc. (a) | 403 | 13,420 |
Farmers & Merchants Bancorp Inc./Archbold (a) | 705 | 23,399 |
Farmers National Banc Corp. (a) | 1,668 | 25,020 |
FB Financial Corp. (a) | 2,111 | 82,793 |
Fifth Third Bancorp (a) | 6,733 | 226,229 |
Financial Institutions Inc. (a) | 840 | 21,857 |
First Bancorp Inc. (a) | 754 | 22,718 |
First Bancorp/Southern Pines NC (a) | 2,055 | 71,720 |
First Bank (a) | 1,089 | 15,224 |
First Busey Corp. (a) | 3,088 | 70,561 |
First Business Financial Services Inc. (a) | 467 | 14,566 |
First Citizens BancShares Inc., Class A (a) | 119 | 77,800 |
First Commonwealth Financial Corp. (a) | 5,259 | 70,576 |
First Community Bancshares Inc. (a) | 900 | 26,469 |
First Financial Bancorp. (a) | 5,427 | 105,284 |
First Financial Bankshares Inc. (a) | 7,568 | 297,195 |
First Financial Corp. (a) | 609 | 27,101 |
First Foundation Inc. (a) | 3,069 | 62,853 |
First Guaranty Bancshares Inc. (a) | 353 | 8,581 |
First Hawaiian Inc. (a) | 1,500 | 34,065 |
First Horizon Corp. (a) | 4,900 | 107,114 |
First Internet Bancorp (a) | 666 | 24,522 |
First Interstate BancSystem Inc., Class A (a) | 5,456 | 207,928 |
First Merchants Corp. (a) | 3,333 | 118,721 |
First Mid Bancshares Inc. (a) | 1,085 | 38,702 |
First Republic Bank (a) | 1,782 | 256,964 |
First Western Financial Inc. (a)(b) | 460 | 12,507 |
Five Star Bancorp (a) | 897 | 23,699 |
Flushing Financial Corp. (a) | 1,594 | 33,888 |
FNB Corp. (a) | 4,200 | 45,612 |
Fulton Financial Corp. (a) | 9,458 | 136,668 |
FVCBankcorp Inc. (a)(b) | 696 | 13,106 |
36 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
German American Bancorp Inc. (a) | 1,612 | $ 55,098 |
Glacier Bancorp Inc. (a) | 6,473 | 306,950 |
Great Southern Bancorp Inc. (a) | 553 | 32,384 |
Guaranty Bancshares Inc. (a) | 575 | 20,844 |
Hancock Whitney Corp. (a) | 5,020 | 222,537 |
Hanmi Financial Corp. (a) | 1,677 | 37,632 |
HarborOne Bancorp Inc. (a) | 2,582 | 35,606 |
HBT Financial Inc. (a) | 734 | 13,117 |
Heartland Financial USA Inc. (a) | 2,392 | 99,364 |
Heritage Commerce Corp. (a) | 3,202 | 34,229 |
Heritage Financial Corp. (a) | 2,114 | 53,188 |
Hilltop Holdings Inc. (a) | 3,476 | 92,670 |
Home BancShares Inc. (a) | 11,074 | 230,007 |
HomeStreet Inc. (a) | 1,076 | 37,305 |
HomeTrust Bancshares Inc. (a) | 798 | 19,950 |
Hope Bancorp Inc. (a) | 6,749 | 93,406 |
Horizon Bancorp Inc. (a) | 2,359 | 41,094 |
Huntington Bancshares Inc. (a) | 14,246 | 171,379 |
Independent Bank Corp. (a) | 3,806 | 236,927 |
Independent Bank Group Inc. (a) | 2,101 | 142,679 |
International Bancshares Corp. (a) | 3,168 | 126,973 |
John Marshall Bancorp Inc. (a) | 663 | 14,944 |
KeyCorp (a) | 9,151 | 157,672 |
Lakeland Bancorp Inc. (a) | 3,738 | 54,650 |
Lakeland Financial Corp. (a) | 1,429 | 94,914 |
Live Oak Bancshares Inc. (a) | 1,906 | 64,594 |
M&T Bank Corp. (a) | 1,752 | 279,251 |
Macatawa Bank Corp. (a) | 1,260 | 11,138 |
Mercantile Bank Corp. (a) | 839 | 26,806 |
Meta Financial Group Inc. (a) | 1,805 | 69,799 |
Metrocity Bankshares Inc. (a) | 1,011 | 20,533 |
Metropolitan Bank Holding Corp. (a)(b) | 614 | 42,624 |
Mid Penn Bancorp Inc. (a) | 757 | 20,416 |
Midland States Bancorp Inc. (a) | 1,153 | 27,718 |
MidWestOne Financial Group Inc. (a) | 763 | 22,676 |
MVB Financial Corp. (a) | 725 | 22,555 |
National Bank Holdings Corp., Class A (a) | 1,764 | 67,508 |
NBT Bancorp Inc. (a) | 2,364 | 88,863 |
Nicolet Bankshares Inc. (b) | 743 | 53,749 |
Number of Shares | Fair Value | |
Northeast Bank | 391 | $ 14,283 |
Northwest Bancshares Inc. | 6,856 | 87,757 |
OceanFirst Financial Corp. | 3,574 | 68,371 |
Old National Bancorp | 17,079 | 252,598 |
Old Second Bancorp Inc. | 2,467 | 33,008 |
Origin Bancorp Inc. | 1,364 | 52,923 |
Orrstown Financial Services Inc. | 805 | 19,457 |
Pacific Premier Bancorp Inc. | 5,460 | 159,650 |
PacWest Bancorp | 1,300 | 34,658 |
Park National Corp. | 850 | 103,063 |
Parke Bancorp Inc. | 588 | 12,324 |
PCB Bancorp | 678 | 12,665 |
Peapack-Gladstone Financial Corp. | 965 | 28,661 |
Peoples Bancorp Inc. | 1,620 | 43,092 |
Peoples Financial Services Corp. | 373 | 20,828 |
Pinnacle Financial Partners Inc. | 986 | 71,298 |
Preferred Bank | 828 | 56,321 |
Premier Financial Corp. | 2,205 | 55,897 |
Primis Financial Corp. | 1,745 | 23,784 |
Professional Holding Corp., Class A (b) | 753 | 15,098 |
Prosperity Bancshares Inc. | 900 | 61,443 |
QCR Holdings Inc. | 1,011 | 54,584 |
RBB Bancorp | 1,019 | 21,063 |
Red River Bancshares Inc. | 217 | 11,735 |
Regions Financial Corp. | 9,477 | 177,694 |
Renasant Corp. | 3,187 | 91,817 |
Republic Bancorp Inc., Class A | 500 | 24,125 |
Republic First Bancorp Inc. (b) | 3,192 | 12,162 |
S&T Bancorp Inc. | 2,378 | 65,229 |
Sandy Spring Bancorp Inc. | 2,578 | 100,722 |
Seacoast Banking Corporation of Florida | 3,524 | 116,433 |
ServisFirst Bancshares Inc. | 2,921 | 230,525 |
Shore Bancshares Inc. | 1,036 | 19,166 |
Sierra Bancorp | 1,015 | 22,056 |
Signature Bank | 636 | 113,978 |
Silvergate Capital Corp., Class A (b) | 1,825 | 97,692 |
Simmons First National Corp., Class A | 7,287 | 154,922 |
SmartFinancial Inc. | 998 | 24,112 |
South Plains Financial Inc. | 774 | 18,684 |
South State Corp. | 4,362 | 336,528 |
State Street Total Return V.I.S. Fund | 37 |
Number of Shares | Fair Value | |
Southern First Bancshares Inc. (b) | 535 | $ 23,321 |
Southside Bancshares Inc. | 1,738 | 65,036 |
Stock Yards Bancorp Inc. | 1,667 | 99,720 |
Summit Financial Group Inc. | 818 | 22,724 |
SVB Financial Group (b) | 591 | 233,439 |
Synovus Financial Corp. | 1,818 | 65,539 |
Texas Capital Bancshares Inc. (b) | 2,961 | 155,867 |
The Bancorp Inc. (a)(b) | 3,204 | 62,542 |
The First Bancshares Inc. (a) | 1,107 | 31,660 |
The First of Long Island Corp. (a) | 1,199 | 21,018 |
The PNC Financial Services Group Inc. | 4,115 | 649,224 |
Third Coast Bancshares Inc. (b) | 744 | 16,294 |
Tompkins Financial Corp. | 866 | 62,439 |
TowneBank | 3,922 | 106,482 |
TriCo Bancshares | 1,843 | 84,115 |
Triumph Bancorp Inc. (b) | 1,398 | 87,459 |
Truist Financial Corp. | 13,298 | 630,724 |
Trustmark Corp. | 3,567 | 104,121 |
UMB Financial Corp. | 2,564 | 220,760 |
Umpqua Holdings Corp. | 2,600 | 43,602 |
United Bankshares Inc. | 7,715 | 270,565 |
United Community Banks Inc. | 6,191 | 186,906 |
Unity Bancorp Inc. | 410 | 10,857 |
Univest Financial Corp. | 1,593 | 40,526 |
USCB Financial Holdings Inc. (b) | 628 | 7,247 |
Valley National Bancorp | 25,087 | 261,156 |
Veritex Holdings Inc. | 3,058 | 89,477 |
Washington Federal Inc. | 3,774 | 113,296 |
Washington Trust Bancorp Inc. | 946 | 45,758 |
Webster Financial Corp. | 1,972 | 83,120 |
WesBanco Inc. | 3,399 | 107,782 |
West BanCorp Inc. | 858 | 20,884 |
Westamerica BanCorp | 1,546 | 86,050 |
Western Alliance Bancorp | 1,100 | 77,660 |
Wintrust Financial Corp. | 700 | 56,105 |
Zions Bancorp NA | 1,475 | 75,078 |
16,794,882 | ||
Reinsurance - 0.0% * | ||
Alleghany Corp. (a)(b) | 133 | 110,802 |
Reinsurance Group of America Inc. | 700 | 82,103 |
192,905 |
Number of Shares | Fair Value | |
Renewable Electricity - 0.0% * | ||
Altus Power Inc. (a)(b) | 2,439 | $ 15,390 |
Brookfield Renewable Corp., Class A (a) | 1,300 | 46,293 |
Brookfield Renewable Corp., Class A | 2,200 | 78,197 |
Montauk Renewables Inc. (a)(b) | 3,750 | 37,688 |
Ormat Technologies Inc. | 2,641 | 206,922 |
Sunnova Energy International Inc. (b) | 5,781 | 106,544 |
491,034 | ||
Research & Consulting Services - 0.2% | ||
Atlas Technical Consultants Inc. (a)(b) | 1,038 | 5,460 |
Booz Allen Hamilton Holding Corp. (a) | 1,224 | 110,601 |
CACI International Inc., Class A (a)(b) | 200 | 56,356 |
CBIZ Inc. (a)(b) | 2,861 | 114,325 |
CoStar Group Inc. (a)(b) | 3,928 | 237,290 |
CRA International Inc. (a) | 395 | 35,281 |
Dun & Bradstreet Holdings Inc. (a)(b) | 2,100 | 31,563 |
Equifax Inc. (a) | 1,191 | 217,691 |
Exponent Inc. (a) | 3,002 | 274,593 |
Forrester Research Inc. (a)(b) | 614 | 29,374 |
Franklin Covey Co. (a)(b) | 681 | 31,449 |
FTI Consulting Inc. (a)(b) | 300 | 54,255 |
Huron Consulting Group Inc. (a)(b) | 1,212 | 78,768 |
ICF International Inc. (a) | 1,093 | 103,835 |
Jacobs Engineering Group Inc. (a) | 1,300 | 165,269 |
KBR Inc. (a) | 1,300 | 62,907 |
LegalZoom.Com Inc. (a)(b) | 5,704 | 62,687 |
Leidos Holdings Inc. (a) | 1,391 | 140,088 |
ManTech International Corp., Class A (a) | 1,741 | 166,178 |
Nielsen Holdings PLC (a) | 3,800 | 88,236 |
Planet Labs PBC (b) | 9,053 | 39,199 |
Red Violet Inc. (b) | 552 | 10,510 |
Resources Connection Inc. | 1,707 | 34,772 |
Science Applications International Corp. | 600 | 55,860 |
Spire Global Inc. (b) | 7,282 | 8,447 |
TransUnion | 1,989 | 159,100 |
Verisk Analytics Inc. | 1,546 | 267,597 |
38 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Willdan Group Inc. (b) | 808 | $ 22,285 |
2,663,976 | ||
Residential REITs - 0.2% | ||
American Campus Communities Inc. (a) | 1,300 | 83,811 |
American Homes 4 Rent, Class A (a) | 3,000 | 106,320 |
Apartment Income REIT Corp. (a) | 1,351 | 56,202 |
Apartment Investment & Management Co., Class A (a)(b) | 8,384 | 53,658 |
AvalonBay Communities Inc. (a) | 1,405 | 272,921 |
Bluerock Residential Growth REIT Inc. (a) | 1,669 | 43,878 |
BRT Apartments Corp. (a) | 844 | 18,137 |
Camden Property Trust (a) | 1,138 | 153,038 |
Centerspace (a) | 878 | 71,601 |
Clipper Realty Inc. (a) | 701 | 5,412 |
Equity LifeStyle Properties Inc. (a) | 1,802 | 126,987 |
Equity Residential (a) | 3,712 | 268,081 |
Essex Property Trust Inc. (a) | 704 | 184,103 |
Independence Realty Trust Inc. (a) | 12,909 | 267,604 |
Invitation Homes Inc. (a) | 5,970 | 212,413 |
Mid-America Apartment Communities Inc. (a) | 1,124 | 196,329 |
NexPoint Residential Trust Inc. (a) | 1,318 | 82,388 |
Sun Communities Inc. | 1,320 | 210,355 |
UDR Inc. | 3,147 | 144,888 |
UMH Properties Inc. | 2,884 | 50,931 |
Washington Real Estate Investment Trust | 5,091 | 108,489 |
2,717,546 | ||
Restaurants - 0.4% | ||
Aramark (a) | 2,300 | 70,449 |
Biglari Holdings Inc., Class B (a)(b) | 20 | 2,454 |
BJ's Restaurants Inc. (a)(b) | 1,229 | 26,645 |
Bloomin' Brands Inc. (a) | 4,976 | 82,701 |
Brinker International Inc. (a)(b) | 2,474 | 54,502 |
Chipotle Mexican Grill Inc. (a)(b) | 269 | 351,653 |
Chuy's Holdings Inc. (a)(b) | 1,071 | 21,334 |
Cracker Barrel Old Country Store Inc. (a) | 1,336 | 111,543 |
Number of Shares | Fair Value | |
Darden Restaurants Inc. (a) | 1,200 | $ 135,744 |
Dave & Buster's Entertainment Inc. (a)(b) | 2,459 | 80,606 |
Denny's Corp. (a)(b) | 3,390 | 29,425 |
Dine Brands Global Inc. (a) | 909 | 59,158 |
Domino's Pizza Inc. (a) | 380 | 148,090 |
El Pollo Loco Holdings Inc. (a)(b) | 1,448 | 14,248 |
First Watch Restaurant Group Inc. (a)(b) | 526 | 7,585 |
Jack in the Box Inc. (a) | 1,185 | 66,431 |
Krispy Kreme Inc. (a) | 4,182 | 56,875 |
Kura Sushi USA Inc., Class A (a)(b) | 203 | 10,055 |
McDonald's Corp. (a) | 7,260 | 1,792,349 |
Noodles & Co. (b) | 1,800 | 8,460 |
Papa John's International Inc. | 1,923 | 160,609 |
Portillo's Inc., Class A (b) | 1,528 | 24,983 |
Ruth's Hospitality Group Inc. | 1,805 | 29,349 |
Shake Shack Inc., Class A (b) | 2,224 | 87,803 |
Starbucks Corp. | 11,280 | 861,679 |
Sweetgreen Inc., Class A (b) | 867 | 10,101 |
Texas Roadhouse Inc. | 3,968 | 290,458 |
The Cheesecake Factory Inc. (a) | 2,898 | 76,565 |
The ONE Group Hospitality Inc. (b) | 940 | 6,928 |
The Wendy's Co. | 1,800 | 33,984 |
Wingstop Inc. | 1,746 | 130,548 |
Yum! Brands Inc. | 2,881 | 327,022 |
5,170,336 | ||
Retail REITs - 0.2% | ||
Acadia Realty Trust (a) | 5,424 | 84,723 |
Agree Realty Corp. (a) | 4,326 | 312,034 |
Alexander's Inc. (a) | 116 | 25,771 |
Brixmor Property Group Inc. (a) | 2,800 | 56,588 |
CBL & Associates Properties Inc. (a)(b) | 1,550 | 36,409 |
Cedar Realty Trust Inc. (a) | 626 | 18,023 |
Federal Realty Investment Trust (a) | 700 | 67,018 |
Getty Realty Corp. (a) | 2,495 | 66,117 |
InvenTrust Properties Corp. (a) | 3,946 | 101,767 |
Kimco Realty Corp. (a) | 6,334 | 125,223 |
Kite Realty Group Trust (a) | 12,688 | 219,376 |
National Retail Properties Inc. (a) | 1,700 | 73,100 |
State Street Total Return V.I.S. Fund | 39 |
Number of Shares | Fair Value | |
NETSTREIT Corp. (a) | 2,802 | $ 52,874 |
Phillips Edison & Company Inc. | 6,659 | 222,477 |
Realty Income Corp. | 5,997 | 409,355 |
Regency Centers Corp. | 1,900 | 112,689 |
Retail Opportunity Investments Corp. | 7,023 | 110,823 |
RPT Realty | 5,129 | 50,418 |
Saul Centers Inc. | 643 | 30,292 |
Simon Property Group Inc. | 3,263 | 309,724 |
SITE Centers Corp. | 11,342 | 152,777 |
Spirit Realty Capital Inc. | 1,200 | 45,336 |
Tanger Factory Outlet Centers Inc. | 5,738 | 81,594 |
The Macerich Co. (a) | 12,543 | 109,250 |
The Necessity Retail REIT Inc. (a) | 7,574 | 55,139 |
Urban Edge Properties | 6,511 | 99,032 |
Urstadt Biddle Properties Inc., Class A | 1,612 | 26,114 |
Whitestone REIT | 2,498 | 26,854 |
3,080,897 | ||
Security & Alarm Services - 0.0% * | ||
CoreCivic Inc. (a)(b) | 7,173 | 79,692 |
The Brink's Co. (a) | 2,714 | 164,767 |
The GEO Group Inc. (a)(b) | 6,500 | 42,900 |
287,359 | ||
Semiconductor Equipment - 0.3% | ||
ACM Research Inc., Class A (a)(b) | 2,792 | 46,989 |
Amkor Technology Inc. (a) | 5,740 | 97,293 |
Applied Materials Inc. (a) | 8,634 | 785,521 |
Atomera Inc. (a)(b) | 1,498 | 14,051 |
Axcelis Technologies Inc. (a)(b) | 1,853 | 101,619 |
AXT Inc. (a)(b) | 2,993 | 17,539 |
CMC Materials Inc. (a) | 1,662 | 290,002 |
Cohu Inc. (a)(b) | 2,857 | 79,282 |
CyberOptics Corp. (a)(b) | 417 | 14,570 |
Enphase Energy Inc. (a)(b) | 1,246 | 243,269 |
Entegris Inc. (a) | 1,382 | 127,324 |
FormFactor Inc. (a)(b) | 4,544 | 175,989 |
Ichor Holdings Ltd. (a)(b) | 1,550 | 40,269 |
KLA Corp. (a) | 1,428 | 455,646 |
Lam Research Corp. (a) | 1,377 | 586,809 |
MKS Instruments Inc. (a) | 600 | 61,578 |
Onto Innovation Inc. (b) | 2,887 | 201,339 |
PDF Solutions Inc. (b) | 1,649 | 35,470 |
Number of Shares | Fair Value | |
Photronics Inc. (b) | 3,570 | $ 69,544 |
Teradyne Inc. | 1,629 | 145,877 |
Ultra Clean Holdings Inc. (b) | 2,630 | 78,295 |
Veeco Instruments Inc. (b) | 3,048 | 59,131 |
3,727,406 | ||
Semiconductors - 1.2% | ||
Advanced Micro Devices Inc. (a)(b) | 15,900 | 1,215,873 |
Allegro MicroSystems Inc. (a)(b) | 900 | 18,621 |
Alpha & Omega Semiconductor Ltd. (a)(b) | 1,195 | 39,841 |
Ambarella Inc. (a)(b) | 2,121 | 138,841 |
Analog Devices Inc. (a) | 5,169 | 755,139 |
Broadcom Inc. (a) | 3,944 | 1,916,035 |
CEVA Inc. (a)(b) | 1,244 | 41,749 |
Cirrus Logic Inc. (a)(b) | 600 | 43,524 |
Credo Technology Group Holding Ltd. (a)(b) | 1,368 | 15,978 |
Diodes Inc. (a)(b) | 2,592 | 167,366 |
First Solar Inc. (a)(b) | 1,011 | 68,879 |
GLOBALFOUNDRIES Inc. (a)(b) | 700 | 28,238 |
Impinj Inc. (a)(b) | 1,224 | 71,812 |
indie Semiconductor Inc., Class A (a)(b) | 5,810 | 33,117 |
Intel Corp. (a) | 41,003 | 1,533,922 |
Lattice Semiconductor Corp. (a)(b) | 1,200 | 58,200 |
MACOM Technology Solutions Holdings Inc. (a)(b) | 2,944 | 135,718 |
Marvell Technology Inc. (a) | 8,421 | 366,566 |
MaxLinear Inc. (a)(b) | 4,183 | 142,138 |
Microchip Technology Inc. (a) | 5,438 | 315,839 |
Micron Technology Inc. (a) | 11,190 | 618,583 |
Monolithic Power Systems Inc. (a) | 483 | 185,491 |
NeoPhotonics Corp. (a)(b) | 2,882 | 45,334 |
NVIDIA Corp. | 23,992 | 3,636,947 |
ON Semiconductor Corp. (b) | 4,217 | 212,157 |
Parade Technologies Ltd. | 1,000 | 38,677 |
Power Integrations Inc. | 3,398 | 254,884 |
Qorvo Inc. (b) | 1,097 | 103,469 |
QUALCOMM Inc. | 11,034 | 1,409,483 |
Rambus Inc. (b) | 6,383 | 137,171 |
Rigetti Computing Inc. | 1,866 | 6,848 |
Rockley Photonics Holdings Ltd. (b) | 5,935 | 12,938 |
40 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Semtech Corp. (b) | 3,659 | $ 201,135 |
Silicon Laboratories Inc. (b) | 2,148 | 301,193 |
SiTime Corp. (b) | 933 | 152,107 |
SkyWater Technology Inc. (b) | 372 | 2,240 |
Skyworks Solutions Inc. | 1,573 | 145,723 |
SMART Global Holdings Inc. (b) | 2,993 | 48,995 |
SunPower Corp. (b) | 4,765 | 75,335 |
Synaptics Inc. (b) | 2,310 | 272,696 |
Texas Instruments Inc. | 9,092 | 1,396,986 |
Transphorm Inc. | 1,249 | 4,759 |
Universal Display Corp. | 487 | 49,255 |
Wolfspeed Inc. (b) | 1,079 | 68,463 |
16,488,265 | ||
Silver - 0.0% * | ||
Hecla Mining Co. (a) | 31,142 | 122,077 |
Soft Drinks - 0.4% | ||
Celsius Holdings Inc. (a)(b) | 3,185 | 207,853 |
Coca-Cola Consolidated Inc. (a) | 274 | 154,509 |
Keurig Dr Pepper Inc. (a) | 8,391 | 296,957 |
Monster Beverage Corp. (a)(b) | 3,752 | 347,810 |
National Beverage Corp. (a) | 1,441 | 70,522 |
PepsiCo Inc. | 13,763 | 2,293,742 |
Primo Water Corp. | 9,176 | 122,775 |
The Coca-Cola Co. (a) | 38,838 | 2,443,299 |
The Vita Coco Company Inc. (b) | 1,623 | 15,889 |
5,953,356 | ||
Specialized Consumer Services - 0.0% * | ||
ADT Inc. (a) | 2,900 | 17,835 |
Carriage Services Inc. (a) | 842 | 33,385 |
European Wax Center Inc., Class A (a) | 1,231 | 21,690 |
Frontdoor Inc. (a)(b) | 4,820 | 116,066 |
H&R Block Inc. (a) | 1,400 | 49,448 |
Mister Car Wash Inc. (a)(b) | 900 | 9,792 |
Rover Group Inc. (b) | 5,400 | 20,304 |
Service Corporation International | 1,578 | 109,072 |
StoneMor Inc. (b) | 2,500 | 8,550 |
Terminix Global Holdings Inc. (b) | 1,400 | 56,910 |
The Beachbody Co. Inc. (a)(b) | 6,094 | 7,313 |
Vivint Smart Home Inc. (b) | 4,959 | 17,257 |
Number of Shares | Fair Value | |
WW International Inc. (b) | 2,818 | $ 18,007 |
485,629 | ||
Specialized Finance - 0.0% * | ||
A-Mark Precious Metals Inc. (a) | 979 | 31,573 |
SWK Holdings Corp. (b) | 207 | 3,616 |
35,189 | ||
Specialized REITs - 0.4% | ||
American Tower Corp. (a) | 4,634 | 1,184,404 |
CatchMark Timber Trust Inc., Class A (a) | 2,665 | 26,810 |
Crown Castle International Corp. (a) | 4,305 | 724,876 |
CubeSmart (a) | 2,600 | 111,072 |
Digital Realty Trust Inc. (a) | 2,821 | 366,250 |
EPR Properties (a) | 700 | 32,851 |
Equinix Inc. (a) | 921 | 605,115 |
Extra Space Storage Inc. (a) | 1,317 | 224,048 |
Farmland Partners Inc. (a) | 2,666 | 36,791 |
Four Corners Property Trust Inc. (a) | 4,668 | 124,122 |
Gaming & Leisure Properties Inc. (a) | 2,311 | 105,982 |
Gladstone Land Corp. (a) | 1,916 | 42,459 |
Iron Mountain Inc. (a) | 2,800 | 136,332 |
Lamar Advertising Co., Class A (a) | 800 | 70,376 |
Life Storage Inc. (a) | 948 | 105,854 |
National Storage Affiliates Trust (a) | 800 | 40,056 |
Outfront Media Inc. | 8,527 | 144,533 |
PotlatchDeltic Corp. | 3,978 | 175,788 |
Public Storage | 1,608 | 502,773 |
Rayonier Inc. | 1,500 | 56,070 |
Safehold Inc. | 1,264 | 44,708 |
SBA Communications Corp. | 1,125 | 360,056 |
Uniti Group Inc. | 13,819 | 130,175 |
VICI Properties Inc. | 9,559 | 284,763 |
Weyerhaeuser Co. | 7,493 | 248,168 |
5,884,432 | ||
Specialty Chemicals - 0.3% | ||
Albemarle Corp. (a) | 1,137 | 237,610 |
Amyris Inc. (a)(b) | 12,257 | 22,676 |
Ashland Global Holdings Inc. (a) | 400 | 41,220 |
Aspen Aerogels Inc. (a)(b) | 1,595 | 15,759 |
Avient Corp. (a) | 5,301 | 212,464 |
State Street Total Return V.I.S. Fund | 41 |
Number of Shares | Fair Value | |
Axalta Coating Systems Ltd. (a)(b) | 2,100 | $ 46,431 |
Balchem Corp. (a) | 1,855 | 240,668 |
Celanese Corp. (a) | 1,200 | 141,132 |
Chase Corp. (a) | 406 | 31,591 |
Danimer Scientific Inc. (a)(b) | 6,473 | 29,517 |
Diversey Holdings Ltd. (a)(b) | 4,550 | 30,030 |
DuPont de Nemours Inc. (a) | 5,176 | 287,682 |
Eastman Chemical Co. (a) | 1,377 | 123,613 |
Ecolab Inc. (a) | 2,440 | 375,174 |
ECOVYST Inc. (a) | 3,726 | 36,701 |
Element Solutions Inc. (a) | 2,400 | 42,720 |
FutureFuel Corp. (a) | 1,941 | 14,131 |
GCP Applied Technologies Inc. (a)(b) | 2,898 | 90,649 |
Ginkgo Bioworks Holdings Inc. (a)(b) | 8,000 | 19,040 |
HB Fuller Co. (a) | 3,091 | 186,109 |
Ingevity Corp. (a)(b) | 2,243 | 141,623 |
Innospec Inc. (a) | 1,442 | 138,129 |
International Flavors & Fragrances Inc. (a) | 2,513 | 299,349 |
Livent Corp. (a)(b) | 9,438 | 214,148 |
Minerals Technologies Inc. (a) | 1,868 | 114,583 |
PPG Industries Inc. | 2,391 | 273,387 |
Quaker Chemical Corp. | 789 | 117,971 |
Rayonier Advanced Materials Inc. (b) | 3,045 | 7,978 |
RPM International Inc. | 1,236 | 97,298 |
Sensient Technologies Corp. | 2,443 | 196,808 |
Stepan Co. | 1,262 | 127,904 |
The Sherwin-Williams Co. | 2,408 | 539,175 |
Valhi Inc. | 188 | 8,524 |
4,501,794 | ||
Specialty Stores - 0.1% | ||
Academy Sports & Outdoors Inc. (a) | 4,884 | 173,577 |
Bath & Body Works Inc. (a) | 2,198 | 59,170 |
Big 5 Sporting Goods Corp. (a) | 1,497 | 16,781 |
Build-A-Bear Workshop Inc. (a) | 826 | 13,563 |
Dick's Sporting Goods Inc. (a) | 687 | 51,779 |
Five Below Inc. (a)(b) | 600 | 68,058 |
Hibbett Inc. (a) | 754 | 32,957 |
JOANN Inc. (a) | 289 | 2,240 |
Leslie's Inc. (a)(b) | 1,400 | 21,252 |
MarineMax Inc. (a)(b) | 1,291 | 46,631 |
Number of Shares | Fair Value | |
National Vision Holdings Inc. (a)(b) | 4,670 | $ 128,425 |
Party City Holdco Inc. (b) | 7,907 | 10,437 |
Petco Health & Wellness Company Inc. (b) | 300 | 4,422 |
Sally Beauty Holdings Inc. (b) | 6,157 | 73,392 |
Signet Jewelers Ltd. | 2,717 | 145,251 |
Sportsman's Warehouse Holdings Inc. (b) | 2,332 | 22,364 |
The Container Store Group Inc. (a)(b) | 2,347 | 14,622 |
The ODP Corp. (b) | 2,590 | 78,322 |
Tractor Supply Co. | 1,103 | 213,817 |
Ulta Beauty Inc. (b) | 561 | 216,254 |
Warby Parker Inc., Class A (b) | 4,860 | 54,724 |
Winmark Corp. | 190 | 37,158 |
1,485,196 | ||
Steel - 0.1% | ||
Allegheny Technologies Inc. (a)(b) | 7,197 | 163,444 |
Alpha Metallurgical Resources Inc. (a) | 1,041 | 134,424 |
Carpenter Technology Corp. (a) | 2,839 | 79,237 |
Cleveland-Cliffs Inc. (a)(b) | 4,937 | 75,882 |
Commercial Metals Co. (a) | 7,047 | 233,256 |
Haynes International Inc. (a) | 813 | 26,642 |
Nucor Corp. | 2,693 | 281,176 |
Olympic Steel Inc. | 468 | 12,051 |
Ramaco Resources Inc. | 1,305 | 17,161 |
Reliance Steel & Aluminum Co. | 598 | 101,576 |
Ryerson Holding Corp. | 888 | 18,906 |
Schnitzer Steel Industries Inc., Class A | 1,607 | 52,774 |
Steel Dynamics Inc. | 1,802 | 119,202 |
SunCoke Energy Inc. | 4,551 | 30,992 |
TimkenSteel Corp. (b) | 2,555 | 47,804 |
United States Steel Corp. | 2,900 | 51,939 |
Warrior Met Coal Inc. | 2,999 | 91,799 |
Worthington Industries Inc. | 1,850 | 81,585 |
1,619,850 | ||
Systems Software - 1.8% | ||
A10 Networks Inc. (a) | 3,664 | 52,688 |
Appian Corp. (a)(b) | 2,331 | 110,396 |
Arteris Inc. (a)(b) | 985 | 6,866 |
CommVault Systems Inc. (a)(b) | 2,592 | 163,037 |
42 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Crowdstrike Holdings Inc., Class A (a)(b) | 2,110 | $ 355,662 |
Dolby Laboratories Inc., Class A (a) | 457 | 32,703 |
Fortinet Inc. (b) | 6,655 | 376,540 |
IronNet Inc. (a)(b) | 3,774 | 8,341 |
KnowBe4 Inc., Class A (a)(b) | 4,241 | 66,244 |
Mandiant Inc. (a)(b) | 2,400 | 52,368 |
Microsoft Corp. (a) | 73,939 | 18,989,753 |
N-Able Inc. (a)(b) | 3,970 | 35,730 |
NortonLifeLock Inc. | 5,513 | 121,066 |
OneSpan Inc. (b) | 2,332 | 27,751 |
Oracle Corp. | 14,945 | 1,044,207 |
Palo Alto Networks Inc. (b) | 967 | 477,640 |
Ping Identity Holding Corp. (b) | 4,500 | 81,630 |
Progress Software Corp. | 2,582 | 116,965 |
Qualys Inc. (b) | 2,273 | 286,716 |
Rapid7 Inc. (b) | 3,382 | 225,918 |
Sailpoint Technologies Holdings Inc. (b) | 5,423 | 339,914 |
SecureWorks Corp., Class A (b) | 300 | 3,258 |
SentinelOne Inc., Class A (b) | 1,600 | 37,328 |
ServiceNow Inc. (b) | 2,014 | 957,697 |
Telos Corp. (b) | 3,137 | 25,347 |
Tenable Holdings Inc. (b) | 6,401 | 290,669 |
Teradata Corp. (b) | 1,100 | 40,711 |
UiPath Inc., Class A (b) | 3,600 | 65,484 |
Varonis Systems Inc. (b) | 6,344 | 186,006 |
VMware Inc., Class A | 2,039 | 232,405 |
Xperi Holding Corp. | 5,889 | 84,978 |
Zscaler Inc. (b) | 779 | 116,468 |
Zuora Inc., Class A (b) | 6,959 | 62,283 |
25,074,769 | ||
Technology Distributors - 0.1% * | ||
Arrow Electronics Inc. (a)(b) | 667 | 74,764 |
Avnet Inc. (a) | 1,000 | 42,880 |
CDW Corp. (a) | 1,371 | 216,015 |
ePlus Inc. (a)(b) | 1,491 | 79,202 |
Insight Enterprises Inc. (a)(b) | 1,829 | 157,806 |
PC Connection Inc. | 600 | 26,430 |
ScanSource Inc. (b) | 1,536 | 47,831 |
TD SYNNEX Corp. | 400 | 36,440 |
681,368 | ||
Technology Hardware, Storage & Peripherals - 1.6% | ||
3D Systems Corp. (a)(b) | 7,378 | 71,567 |
Apple Inc. (a) | 151,165 | 20,667,279 |
Number of Shares | Fair Value | |
Avid Technology Inc. (a)(b) | 2,008 | $ 52,108 |
Corsair Gaming Inc. (a)(b) | 2,231 | 29,293 |
Dell Technologies Inc., Class C (a) | 2,704 | 124,952 |
Diebold Nixdorf Inc. (a)(b) | 3,505 | 7,956 |
Eastman Kodak Co. (a)(b) | 3,328 | 15,442 |
Hewlett Packard Enterprise Co. (a) | 12,984 | 172,168 |
HP Inc. (a) | 10,238 | 335,602 |
IonQ Inc. (b) | 6,919 | 30,305 |
NetApp Inc. (a) | 2,167 | 141,375 |
Pure Storage Inc., Class A (b) | 2,900 | 74,559 |
Super Micro Computer Inc. (b) | 2,644 | 106,685 |
Turtle Beach Corp. (b) | 1,100 | 13,453 |
Western Digital Corp. (b) | 3,100 | 138,973 |
Xerox Holdings Corp. | 6,658 | 98,871 |
22,080,588 | ||
Textiles - 0.0% * | ||
Unifi Inc. (b) | 1,019 | 14,327 |
Thrifts & Mortgage Finance - 0.1% | ||
Axos Financial Inc. (a)(b) | 3,337 | 119,631 |
Blue Foundry Bancorp (a)(b) | 2,011 | 24,112 |
Bridgewater Bancshares Inc. (a)(b) | 1,518 | 24,501 |
Capitol Federal Financial Inc. (a) | 7,251 | 66,564 |
Columbia Financial Inc. (a)(b) | 2,173 | 47,393 |
Enact Holdings Inc. | 1,749 | 37,569 |
Essent Group Ltd. | 6,135 | 238,652 |
Federal Agricultural Mortgage Corp., Class C (a) | 559 | 54,586 |
Finance Of America Companies Inc., Class A (a)(b) | 887 | 1,393 |
Flagstar Bancorp Inc. (a) | 3,045 | 107,945 |
Greene County Bancorp Inc. (a) | 197 | 8,922 |
Hingham Institution for Savings (a) | 78 | 22,134 |
Home Bancorp Inc. | 545 | 18,601 |
Kearny Financial Corp. (a) | 3,627 | 40,296 |
Luther Burbank Corp. (a) | 741 | 9,670 |
Merchants Bancorp (a) | 1,029 | 23,327 |
MGIC Investment Corp. (a) | 3,600 | 45,360 |
Mr Cooper Group Inc. (a)(b) | 4,228 | 155,337 |
New York Community Bancorp Inc. (a) | 5,200 | 47,476 |
NMI Holdings Inc., Class A (b) | 4,922 | 81,951 |
State Street Total Return V.I.S. Fund | 43 |
Number of Shares | Fair Value | |
Northfield Bancorp Inc. | 2,398 | $ 31,246 |
PCSB Financial Corp. | 617 | 11,779 |
PennyMac Financial Services Inc. | 1,685 | 73,651 |
Pioneer Bancorp Inc. (b) | 646 | 6,331 |
Provident Bancorp Inc. | 1,052 | 16,516 |
Provident Financial Services Inc. | 4,428 | 98,567 |
Radian Group Inc. | 10,193 | 200,292 |
Rocket Companies Inc., Class A | 1,600 | 11,776 |
Southern Missouri Bancorp Inc. | 550 | 24,893 |
Sterling Bancorp Inc. (b) | 997 | 5,683 |
TFS Financial Corp. | 400 | 5,492 |
TrustCo Bank Corp. | 1,031 | 31,796 |
Velocity Financial Inc. (b) | 496 | 5,451 |
Walker & Dunlop Inc. | 1,787 | 172,160 |
Waterstone Financial Inc. | 1,528 | 26,052 |
WSFS Financial Corp. | 3,751 | 150,378 |
2,047,483 | ||
Tires & Rubber - 0.0% * | ||
The Goodyear Tire & Rubber Co. (a)(b) | 16,340 | 175,001 |
Tobacco - 0.2% | ||
22nd Century Group Inc. (a)(b) | 11,589 | 24,685 |
Altria Group Inc. (a) | 17,807 | 743,798 |
Philip Morris International Inc. | 15,291 | 1,509,833 |
Turning Point Brands Inc. | 971 | 26,343 |
Universal Corp. | 1,436 | 86,878 |
Vector Group Ltd. | 8,529 | 89,555 |
2,481,092 | ||
Trading Companies & Distributors - 0.2% | ||
Air Lease Corp. (a) | 1,200 | 40,116 |
Alta Equipment Group Inc. (a)(b) | 1,326 | 11,894 |
Applied Industrial Technologies Inc. (a) | 2,229 | 214,363 |
Beacon Roofing Supply Inc. (a)(b) | 3,155 | 162,041 |
BlueLinx Holdings Inc. (a)(b) | 561 | 37,480 |
Boise Cascade Co. (a) | 2,300 | 136,827 |
Core & Main Inc., Class A (a)(b) | 200 | 4,460 |
Custom Truck One Source Inc. (a)(b) | 4,149 | 23,234 |
Number of Shares | Fair Value | |
Distribution Solutions Group Inc. (a)(b) | 287 | $ 14,749 |
DXP Enterprises Inc. (a)(b) | 1,141 | 34,949 |
Fastenal Co. (a) | 5,737 | 286,391 |
GATX Corp. (a) | 2,068 | 194,723 |
Global Industrial Co. | 846 | 28,569 |
GMS Inc. (a)(b) | 2,519 | 112,096 |
H&E Equipment Services Inc. (a) | 1,975 | 57,216 |
Herc Holdings Inc. (a) | 1,494 | 134,684 |
Hudson Technologies Inc. (a)(b) | 2,511 | 18,858 |
Karat Packaging Inc. (a)(b) | 279 | 4,760 |
McGrath RentCorp. (a) | 1,411 | 107,236 |
MRC Global Inc. (a)(b) | 4,834 | 48,147 |
MSC Industrial Direct Company Inc., Class A (a) | 498 | 37,405 |
NOW Inc. (b) | 6,154 | 60,186 |
Rush Enterprises Inc., Class A | 2,472 | 119,150 |
Rush Enterprises Inc., Class B | 402 | 19,943 |
SiteOne Landscape Supply Inc. (b) | 500 | 59,435 |
Textainer Group Holdings Ltd. | 2,639 | 72,335 |
Titan Machinery Inc. (b) | 1,052 | 23,575 |
Transcat Inc. (b) | 385 | 21,872 |
United Rentals Inc. (b) | 694 | 168,580 |
Univar Solutions Inc. (b) | 1,800 | 44,766 |
Veritiv Corp. (b) | 848 | 92,050 |
Watsco Inc. | 320 | 76,422 |
WESCO International Inc. (b) | 400 | 42,840 |
WW Grainger Inc. | 428 | 194,496 |
2,705,848 | ||
Trucking - 0.1% | ||
AMERCO (a) | 83 | 39,693 |
ArcBest Corp. (a) | 1,423 | 100,137 |
Avis Budget Group Inc. (a)(b) | 300 | 44,124 |
Bird Global Inc., Class A (a)(b) | 9,981 | 4,352 |
Covenant Logistics Group Inc. (a) | 892 | 22,380 |
Daseke Inc. (a)(b) | 2,896 | 18,506 |
Heartland Express Inc. (a) | 2,585 | 35,957 |
Hertz Global Holdings Inc. (a)(b) | 2,300 | 36,432 |
JB Hunt Transport Services Inc. (a) | 854 | 134,479 |
Knight-Swift Transportation Holdings Inc. (a) | 1,722 | 79,711 |
Landstar System Inc. (a) | 344 | 50,025 |
Lyft Inc., Class A (a)(b) | 2,515 | 33,399 |
44 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Marten Transport Ltd. (a) | 3,650 | $ 61,393 |
Old Dominion Freight Line Inc. | 954 | 244,491 |
PAM Transportation Services Inc. (b) | 498 | 13,640 |
Ryder System Inc. | 594 | 42,210 |
Saia Inc. (b) | 1,547 | 290,836 |
Schneider National Inc., Class B | 300 | 6,714 |
TuSimple Holdings Inc., Class A (b) | 8,147 | 58,903 |
Uber Technologies Inc. (b) | 18,759 | 383,809 |
Universal Logistics Holdings Inc. | 426 | 11,634 |
Werner Enterprises Inc. | 3,785 | 145,874 |
XPO Logistics Inc. (b) | 1,100 | 52,976 |
1,911,675 | ||
Water Utilities - 0.1% | ||
American States Water Co. (a) | 2,150 | 175,247 |
American Water Works Company Inc. (a) | 1,832 | 272,547 |
Artesian Resources Corp., Class A (a) | 434 | 21,340 |
California Water Service Group (a) | 3,126 | 173,649 |
Essential Utilities Inc. (a) | 2,500 | 114,625 |
Global Water Resources Inc. (a) | 607 | 8,018 |
Middlesex Water Co. (a) | 1,011 | 88,644 |
Pure Cycle Corp. (b) | 1,394 | 14,693 |
SJW Group | 1,553 | 96,923 |
The York Water Co. | 826 | 33,395 |
999,081 | ||
Wireless Telecommunication Services - 0.1% | ||
Gogo Inc. (a)(b) | 2,913 | 47,162 |
KORE Group Holdings Inc. (b) | 2,043 | 6,272 |
Shenandoah Telecommunications Co. | 2,958 | 65,668 |
Telephone & Data Systems Inc. | 5,979 | 94,408 |
T-Mobile US Inc. (b) | 5,915 | 795,804 |
United States Cellular Corp. (b) | 1,016 | 29,423 |
1,038,737 | ||
Total Common Stock (Cost $516,754,111) | 471,891,025 | |
Total Domestic Equity (Cost $516,754,111) | 471,891,025 |
Number of Shares | Fair Value | |
Foreign Equity - 23.6% | ||
Common Stock - 23.4% | ||
Advertising - 0.1% | ||
Cheil Worldwide Inc. (a) | 840 | $ 15,365 |
CyberAgent Inc. (a) | 6,900 | 68,617 |
Dentsu Group Inc. (a) | 3,600 | 107,983 |
Focus Media Information Technology Company Ltd., Class A (a) | 10,900 | 10,942 |
Gambling.com Group Ltd. (a)(b) | 505 | 3,974 |
Hakuhodo DY Holdings Inc. (a) | 3,600 | 32,991 |
Informa PLC (a)(b) | 23,673 | 152,028 |
Publicis Groupe S.A. | 3,789 | 184,830 |
WPP PLC | 18,968 | 189,952 |
766,682 | ||
Aerospace & Defense - 0.2% | ||
AECC Aviation Power Company Ltd., Class A (a) | 2,100 | 14,255 |
Airbus SE (a) | 9,687 | 936,266 |
Aselsan Elektronik Sanayi Ve Ticaret AS (a) | 7,417 | 10,155 |
AviChina Industry & Technology Company Ltd., Class H (a) | 35,000 | 20,027 |
BAE Systems PLC (a) | 51,833 | 522,599 |
Bharat Electronics Ltd. (a) | 14,033 | 41,598 |
CAE Inc. (a)(b) | 5,000 | 122,950 |
Dassault Aviation S.A. (a) | 427 | 66,470 |
Elbit Systems Ltd. (a) | 448 | 101,979 |
Kongsberg Gruppen ASA (a) | 1,542 | 55,095 |
Korea Aerospace Industries Ltd. (a) | 858 | 35,552 |
Kuang-Chi Technologies Company Ltd., Class A (a)(b) | 3,100 | 7,986 |
MTU Aero Engines AG (a) | 846 | 153,629 |
Rheinmetall AG | 690 | 158,916 |
Rolls-Royce Holdings PLC (b) | 132,652 | 133,632 |
Safran S.A. | 5,627 | 554,214 |
Singapore Technologies Engineering Ltd. | 26,500 | 77,689 |
Thales S.A. | 1,770 | 216,595 |
3,229,607 | ||
Agricultural & Farm Machinery - 0.0% * | ||
CNH Industrial N.V. (a) | 16,970 | 195,509 |
State Street Total Return V.I.S. Fund | 45 |
Number of Shares | Fair Value | |
Husqvarna AB, Class B B Shares (a) | 7,198 | $ 52,850 |
Kubota Corp. (a) | 16,900 | 252,154 |
500,513 | ||
Agricultural Products - 0.0% * | ||
Beijing Dabeinong Technology Group Company Ltd., Class A A Shares (a)(b) | 7,600 | 8,853 |
Charoen Pokphand Indonesia Tbk PT (a) | 89,500 | 36,046 |
IOI Corp. Bhd (a) | 32,700 | 28,490 |
Jiangxi Zhengbang Technology Company Ltd., Class A (a)(b) | 4,100 | 3,706 |
Kuala Lumpur Kepong Bhd (a) | 5,700 | 28,374 |
New Hope Liuhe Company Ltd., Class A A Shares (a)(b) | 3,200 | 7,303 |
Sime Darby Plantation Bhd | 21,300 | 20,925 |
Tongwei Company Ltd., Class A A Shares | 3,300 | 29,465 |
Wilmar International Ltd. | 32,306 | 93,782 |
256,944 | ||
Air Freight & Logistics - 0.1% | ||
Agility Public Warehousing Co. KSC | 19,200 | 50,862 |
Deutsche Post AG (a) | 16,311 | 609,450 |
DSV A/S (a) | 3,164 | 440,883 |
Hyundai Glovis Company Ltd. (a) | 247 | 34,147 |
SF Holding Company Ltd., Class A A Shares | 3,700 | 30,801 |
SG Holdings Company Ltd. | 4,600 | 77,505 |
Yamato Holdings Company Ltd. | 4,900 | 78,267 |
YTO Express Group Company Ltd., Class A | 2,700 | 8,212 |
Yunda Holding Company Ltd., Class A | 3,600 | 9,161 |
ZTO Express Cayman Inc. ADR | 4,409 | 121,027 |
1,460,315 | ||
Airlines - 0.0% * | ||
Air Canada (a)(b) | 2,500 | 31,087 |
Air China Ltd., Class H H Shares (a)(b) | 28,000 | 24,336 |
ANA Holdings Inc. (a)(b) | 2,500 | 45,996 |
Number of Shares | Fair Value | |
China Eastern Airlines Corporation Ltd., Class A (a)(b) | 12,400 | $ 10,154 |
China Southern Airlines Company Ltd., Class H (a)(b) | 6,000 | 3,471 |
China Southern Airlines Company Ltd., Class A (a)(b) | 11,600 | 12,648 |
Copa Holdings S.A., Class A (a)(b) | 300 | 19,011 |
Deutsche Lufthansa AG (a)(b) | 10,170 | 59,158 |
InterGlobe Aviation Ltd. (a)(b)(e) | 1,049 | 21,335 |
Japan Airlines Company Ltd. (a)(b) | 2,114 | 36,957 |
Korean Air Lines Company Ltd. (a)(b) | 2,302 | 44,678 |
Qantas Airways Ltd. (b) | 13,759 | 42,292 |
Singapore Airlines Ltd. (b) | 22,600 | 82,820 |
433,943 | ||
Airport Services - 0.0% * | ||
Aena SME S.A. (a)(b)(e) | 1,186 | 150,338 |
Aeroports de Paris (a)(b) | 505 | 63,803 |
Airports of Thailand PCL NVDR (b) | 44,919 | 90,206 |
Auckland International Airport Ltd. (a)(b) | 21,063 | 94,029 |
Beijing Capital International Airport Company Ltd., Class H (a)(b) | 16,000 | 10,909 |
Grupo Aeroportuario del Pacifico SAB de C.V., Class B B Shares (a) | 3,300 | 45,812 |
Grupo Aeroportuario del Sureste SAB de CV, Class B (a) | 1,530 | 29,972 |
Malaysia Airports Holdings Bhd (a)(b) | 12,400 | 18,568 |
Shanghai International Airport Company Ltd., Class A (b) | 1,300 | 10,995 |
514,632 | ||
Aluminum - 0.0% * | ||
Aluminum Corp. of China Ltd., Class H (a) | 40,000 | 15,140 |
Aluminum Corp. of China Ltd., Class A A Shares (a)(b) | 4,800 | 3,401 |
China Hongqiao Group Ltd. (a) | 30,000 | 33,911 |
Constellium SE (a)(b) | 7,355 | 97,160 |
46 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Hindalco Industries Ltd. (a) | 14,043 | $ 60,219 |
Norsk Hydro ASA | 21,296 | 118,898 |
Press Metal Aluminium Holdings Bhd | 38,100 | 41,147 |
Shandong Nanshan Aluminum Company Ltd., Class A | 14,700 | 8,091 |
Yunnan Aluminium Company Ltd., Class A A Shares | 4,900 | 7,221 |
385,188 | ||
Apparel Retail - 0.1% | ||
Fast Retailing Company Ltd. (a) | 1,000 | 523,205 |
H & M Hennes & Mauritz AB, Class B (a) | 11,562 | 137,832 |
Industria de Diseno Textil S.A. (a) | 17,986 | 405,967 |
Mr Price Group Ltd. (a) | 2,232 | 24,165 |
Pepkor Holdings Ltd. (e) | 14,652 | 17,100 |
The Foschini Group Ltd. | 3,538 | 26,347 |
Topsports International Holdings Ltd. (e) | 21,000 | 19,081 |
1,153,697 | ||
Apparel, Accessories & Luxury Goods - 0.6% | ||
adidas AG (a) | 2,848 | 502,473 |
ANTA Sports Products Ltd. (a) | 12,676 | 155,725 |
Bosideng International Holdings Ltd. (a) | 46,000 | 28,549 |
Burberry Group PLC (a) | 6,351 | 126,570 |
Capri Holdings Ltd. (a)(b) | 1,305 | 53,518 |
Cie Financiere Richemont S.A. (a) | 8,579 | 910,905 |
Ermenegildo Zegna Holditalia S.p.A. (a)(b) | 2,754 | 29,055 |
EssilorLuxottica S.A. (a) | 4,729 | 706,488 |
F&F Company Ltd. (a) | 165 | 17,092 |
FF Group (b)(c)** | 1,860 | — |
Gildan Activewear Inc. (a) | 3,200 | 91,910 |
Hermes International (a) | 521 | 581,173 |
Kering S.A. (a) | 1,231 | 630,734 |
Li Ning Company Ltd. (a) | 24,319 | 225,309 |
LPP S.A. (a) | 12 | 24,009 |
lululemon athletica Inc. (a)(b) | 1,093 | 297,963 |
LVMH Moet Hennessy Louis Vuitton SE (a) | 4,554 | 2,769,461 |
Moncler S.p.A. | 3,253 | 139,197 |
Page Industries Ltd. | 50 | 25,431 |
Pandora A/S | 1,596 | 100,180 |
Number of Shares | Fair Value | |
Shenzhou International Group Holdings Ltd. | 8,600 | $ 104,172 |
The Swatch Group AG | 1,262 | 144,577 |
Titan Company Ltd. | 3,675 | 90,336 |
7,754,827 | ||
Application Software - 0.3% | ||
Atlassian Corp. plc, Class A (a)(b) | 1,396 | 261,610 |
AVEVA Group PLC (a) | 2,059 | 56,287 |
Beijing Kingsoft Office Software Inc., Class A A Shares (a) | 192 | 5,645 |
Constellation Software Inc. (a) | 332 | 491,809 |
Dassault Systemes SE (a) | 11,000 | 403,821 |
Hundsun Technologies Inc., Class A (a) | 1,120 | 7,274 |
Iflytek Company Ltd., Class A A Shares (a) | 1,500 | 9,223 |
Kaleyra Inc. (a)(b) | 1,717 | 3,503 |
Kingdee International Software Group Company Ltd. (a)(b) | 31,000 | 72,691 |
Lightspeed Commerce Inc. (a)(b) | 2,300 | 51,173 |
NavInfo Company Ltd., Class A A Shares (a) | 4,600 | 10,340 |
Nemetschek SE (a) | 988 | 59,661 |
Nice Ltd. (a)(b) | 1,047 | 200,452 |
Open Text Corp. | 4,300 | 162,306 |
SAP SE | 17,139 | 1,557,609 |
Sapiens International Corp. N.V. | 1,701 | 41,147 |
Shanghai Baosight Software Company Ltd., Class B | 4,000 | 16,872 |
Shanghai Baosight Software Company Ltd., Class A | 1,200 | 9,773 |
Sinch AB (b)(e) | 7,918 | 25,726 |
Temenos AG | 1,072 | 91,395 |
The Sage Group PLC | 16,186 | 124,783 |
Thunder Software Technology Company Ltd., Class A | 500 | 9,731 |
WiseTech Global Ltd. | 2,511 | 65,355 |
Xero Ltd. (b) | 2,142 | 113,358 |
Yonyou Network Technology Company Ltd., Class A | 2,600 | 8,419 |
3,859,963 | ||
Asset Management & Custody Banks - 0.2% | ||
3i Group PLC (a) | 16,140 | 217,279 |
Abrdn PLC (a) | 36,971 | 71,772 |
State Street Total Return V.I.S. Fund | 47 |
Number of Shares | Fair Value | |
Amundi S.A. (a)(e) | 1,046 | $ 57,083 |
Bangkok Commercial Asset Management PCL NVDR | 18,629 | 9,168 |
Brookfield Asset Management Inc., Class A (a) | 23,200 | 1,029,832 |
China Cinda Asset Management Company Ltd., Class H H Shares | 91,556 | 14,351 |
EQT AB (a) | 4,702 | 96,083 |
Hargreaves Lansdown PLC (a) | 6,089 | 58,256 |
IGM Financial Inc. (a) | 1,277 | 34,154 |
Janus Henderson Group PLC (a) | 1,100 | 25,861 |
Julius Baer Group Ltd. (a) | 3,499 | 160,961 |
Onex Corp. | 1,100 | 54,661 |
Partners Group Holding AG | 375 | 336,946 |
Reinet Investments SCA | 1,466 | 25,575 |
Schroders PLC | 2,113 | 68,567 |
St. James's Place PLC | 8,599 | 115,135 |
2,375,684 | ||
Auto Parts & Equipment - 0.1% | ||
Adient PLC (a)(b) | 5,528 | 163,795 |
Aisin Corp. (a) | 2,500 | 77,288 |
Aptiv PLC (a)(b) | 2,691 | 239,687 |
Bharat Forge Ltd. (a) | 2,844 | 23,473 |
Changzhou Xingyu Automotive Lighting Systems Company Ltd., Class A (a) | 300 | 7,652 |
Continental AG (a) | 1,747 | 121,456 |
Denso Corp. (a) | 7,100 | 376,702 |
Fuyao Glass Industry Group Company Ltd., Class H H Shares (a)(e) | 6,156 | 31,223 |
Fuyao Glass Industry Group Company Ltd., Class A (a) | 900 | 5,613 |
Hanon Systems (a) | 2,623 | 20,303 |
Huayu Automotive Systems Company Ltd., Class A A Shares (a) | 1,768 | 6,065 |
Huizhou Desay Sv Automotive Company Ltd., Class A (a) | 200 | 4,415 |
Hyundai Mobis Company Ltd. (a) | 665 | 101,921 |
Koito Manufacturing Company Ltd. (a) | 1,800 | 57,039 |
Magna International Inc. (a) | 4,735 | 259,444 |
Minth Group Ltd. (a) | 8,000 | 21,817 |
Number of Shares | Fair Value | |
Ningbo Tuopu Group Company Ltd., Class A A Shares (a) | 800 | $ 8,166 |
Samvardhana Motherson International Ltd. | 14,295 | 21,387 |
Sumitomo Electric Industries Ltd. | 11,966 | 132,031 |
Valeo | 3,289 | 63,354 |
1,742,831 | ||
Automobile Manufacturers - 0.6% | ||
Astra International Tbk PT (a) | 239,000 | 106,285 |
Bayerische Motoren Werke AG (a) | 5,456 | 419,014 |
BYD Company Ltd., Class H (a) | 9,000 | 360,140 |
BYD Company Ltd., Class A A Shares (a) | 1,200 | 59,692 |
Chongqing Changan Automobile Company Ltd., Class A A Shares (a) | 5,014 | 12,953 |
Dongfeng Motor Group Company Ltd., Class H H Shares (a) | 30,000 | 22,786 |
Ferrari N.V. (a) | 2,079 | 380,795 |
Ford Otomotiv Sanayi A/S (a) | 501 | 8,012 |
Geely Automobile Holdings Ltd. (a) | 62,000 | 140,957 |
Great Wall Motor Company Ltd., Class H (a) | 32,533 | 66,915 |
Great Wall Motor Company Ltd., Class A (a) | 800 | 4,420 |
Guangzhou Automobile Group Company Ltd., Class H H Shares (a) | 38,000 | 36,756 |
Honda Motor Company Ltd. (a) | 26,800 | 649,607 |
Hyundai Motor Co. (a) | 1,489 | 206,997 |
Isuzu Motors Ltd. (a) | 9,300 | 102,751 |
Kia Corp. (a) | 2,738 | 163,006 |
Li Auto Inc. ADR (b) | 5,800 | 222,198 |
Mahindra & Mahindra Ltd. (a) | 9,993 | 138,325 |
Maruti Suzuki India Ltd. (a) | 1,299 | 139,333 |
Mazda Motor Corp. (a) | 9,600 | 78,437 |
Mercedes-Benz Group AG (a) | 13,187 | 761,282 |
NIO Inc. ADR (b) | 14,023 | 304,580 |
Nissan Motor Company Ltd. | 36,800 | 143,077 |
Renault S.A. (b) | 3,241 | 80,608 |
SAIC Motor Corporation Ltd., Class A A Shares | 5,000 | 13,283 |
Stellantis N.V. | 36,127 | 445,372 |
48 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Subaru Corp. | 10,200 | $ 181,055 |
Suzuki Motor Corp. | 6,100 | 191,457 |
Tata Motors Ltd. (b) | 18,937 | 98,746 |
Toyota Motor Corp. | 173,900 | 2,688,087 |
Volkswagen AG | 462 | 83,993 |
Volvo Car AB, Class B (b) | 10,096 | 66,956 |
XPeng Inc. ADR (b) | 4,300 | 136,482 |
8,514,357 | ||
Automotive Retail - 0.0% * | ||
Abu Dhabi National Oil Co for Distribution PJSC (a) | 31,683 | 36,401 |
China Meidong Auto Holdings Ltd. (a) | 6,000 | 18,886 |
Hotai Motor Company Ltd. (a) | 3,863 | 78,732 |
PTT Oil & Retail Business PCL NVDR | 42,408 | 30,587 |
USS Company Ltd. | 3,300 | 57,059 |
Vibra Energia S.A. | 11,600 | 37,066 |
Zhongsheng Group Holdings Ltd. | 6,500 | 45,849 |
304,580 | ||
Biotechnology - 0.2% | ||
3SBio Inc. (a)(e) | 22,500 | 17,892 |
Affimed N.V. (a)(b) | 8,164 | 22,614 |
Alkermes PLC (a)(b) | 9,494 | 282,826 |
Alteogen Inc. (a)(b) | 335 | 15,764 |
Arbutus Biopharma Corp. (a)(b) | 6,353 | 17,217 |
Argenx SE (a)(b) | 800 | 298,999 |
Aurinia Pharmaceuticals Inc. (a)(b) | 7,810 | 78,490 |
BeiGene Ltd. ADR (b) | 500 | 80,925 |
Beijing Tiantan Biological Products Corporation Ltd., Class A (a) | 1,500 | 5,432 |
Beijing Wantai Biological Pharmacy Enterprise Company Ltd., Class A A Shares (a) | 80 | 1,853 |
BGI Genomics Company Ltd., Class A (a) | 800 | 8,556 |
Biocon Ltd. (a) | 4,931 | 19,256 |
Celltrion Inc. (a) | 1,006 | 138,302 |
Chongqing Zhifei Biological Products Company Ltd., Class A (a) | 800 | 13,247 |
CSL Ltd. (a) | 7,908 | 1,463,131 |
Genmab A/S (a)(b) | 1,085 | 350,362 |
Green Cross Corp. (a) | 80 | 10,382 |
Number of Shares | Fair Value | |
Grifols S.A. (a) | 5,020 | $ 94,651 |
Hualan Biological Engineering Inc., Class A A Shares (a) | 2,038 | 6,931 |
Imeik Technology Development Company Ltd., Class A A Shares (a) | 100 | 8,950 |
Innovent Biologics Inc. (a)(b)(e) | 10,500 | 46,700 |
Prothena Corporation PLC (b) | 2,212 | 60,056 |
Seegene Inc. | 279 | 7,768 |
Shanghai RAAS Blood Products Company Ltd., Class A | 5,500 | 4,865 |
Shenzhen Kangtai Biological Products Company Ltd., Class A | 800 | 5,391 |
SK Bioscience Company Ltd. (b) | 266 | 20,589 |
Swedish Orphan Biovitrum AB (b) | 2,885 | 62,276 |
Walvax Biotechnology Company Ltd., Class A | 1,400 | 10,105 |
Zai Lab Ltd. ADR (b) | 800 | 27,744 |
3,181,274 | ||
Brewers - 0.2% | ||
AMBEV S.A. (a) | 51,700 | 132,477 |
Anheuser-Busch InBev S.A. (a) | 14,282 | 766,862 |
Asahi Group Holdings Ltd. (a) | 7,600 | 248,662 |
Budweiser Brewing Company APAC Ltd. (a)(e) | 29,200 | 87,448 |
Carlsberg A/S, Class B (a) | 1,666 | 211,724 |
China Resources Beer Holdings Company Ltd. (a) | 16,000 | 119,282 |
Chongqing Brewery Company Ltd., Class A (a) | 100 | 2,187 |
Cia Cervecerias Unidas S.A. (a) | 2,774 | 17,173 |
Heineken Holding N.V. (a) | 1,638 | 118,929 |
Heineken N.V. (a) | 4,275 | 388,829 |
Kirin Holdings Company Ltd. (a) | 13,600 | 213,978 |
Tsingtao Brewery Company Ltd., Class H | 6,924 | 72,002 |
Tsingtao Brewery Company Ltd., Class A | 800 | 12,401 |
2,391,954 |
State Street Total Return V.I.S. Fund | 49 |
Number of Shares | Fair Value | |
Broadcasting - 0.0% * | ||
Vivendi SE | 12,041 | $ 122,056 |
Building Products - 0.2% | ||
AGC Inc. (a) | 3,200 | 112,355 |
Allegion PLC (a) | 856 | 83,803 |
Assa Abloy AB, Class B (a) | 16,544 | 350,822 |
Beijing New Building Materials PLC, Class A (a) | 1,600 | 8,262 |
Caesarstone Ltd. (a) | 1,654 | 15,101 |
China Lesso Group Holdings Ltd. (a) | 16,494 | 24,887 |
Cie de Saint-Gobain (a) | 8,213 | 351,565 |
Daikin Industries Ltd. (a) | 4,100 | 656,399 |
Geberit AG (a) | 593 | 284,189 |
Guangdong Kinlong Hardware Products Company Ltd., Class A (a) | 200 | 3,870 |
Kingspan Group PLC (a) | 2,434 | 146,062 |
Lixil Corp. (a) | 5,000 | 93,482 |
Nibe Industrier AB, Class B B Shares (a) | 25,181 | 188,721 |
ROCKWOOL A/S, Class B | 123 | 27,623 |
TOTO Ltd. | 2,400 | 79,143 |
Trane Technologies PLC | 2,313 | 300,389 |
Xinyi Glass Holdings Ltd. | 27,000 | 64,756 |
2,791,429 | ||
Cable & Satellite - 0.0% * | ||
Cyfrowy Polsat S.A. (a) | 3,840 | 18,124 |
Grupo Televisa SAB (a) | 24,100 | 39,431 |
MultiChoice Group (a) | 3,711 | 26,234 |
Quebecor Inc., Class B | 2,400 | 51,183 |
Shaw Communications Inc., Class B | 7,900 | 232,293 |
367,265 | ||
Casinos & Gaming - 0.1% | ||
Aristocrat Leisure Ltd. (a) | 9,986 | 236,083 |
Entain PLC (a)(b) | 9,285 | 140,388 |
Evolution AB (a)(e) | 3,024 | 274,472 |
Flutter Entertainment PLC (a)(b) | 2,759 | 278,287 |
Galaxy Entertainment Group Ltd. (a) | 36,000 | 214,708 |
Genting Bhd (a) | 24,200 | 24,927 |
Genting Malaysia Bhd (a) | 30,500 | 19,653 |
Genting Singapore Ltd. (a) | 90,100 | 46,613 |
Kangwon Land Inc. (a)(b) | 1,128 | 22,067 |
Number of Shares | Fair Value | |
La Francaise des Jeux SAEM (a)(e) | 1,793 | $ 61,896 |
NEOGAMES S.A. (a)(b) | 765 | 10,259 |
OPAP S.A. (a) | 2,623 | 37,431 |
Sands China Ltd. (b) | 41,200 | 98,288 |
The Lottery Corporation Ltd. (b) | 35,478 | 110,272 |
1,575,344 | ||
Coal & Consumable Fuels - 0.0% * | ||
Adaro Energy Tbk PT (a) | 172,900 | 33,193 |
Cameco Corp. (a) | 6,300 | 132,158 |
China Coal Energy Company Ltd., Class H (a) | 22,000 | 18,644 |
China Shenhua Energy Company Ltd., Class H H Shares (a) | 35,990 | 103,196 |
China Shenhua Energy Company Ltd., Class A (a) | 3,800 | 18,875 |
Coal India Ltd. (a) | 15,043 | 35,354 |
Exxaro Resources Ltd. (a) | 2,356 | 28,501 |
Shaanxi Coal Industry Company Ltd., Class A | 6,500 | 20,535 |
Shanxi Coking Coal Energy Group Company Ltd., Class A | 3,800 | 7,589 |
United Tractors Tbk PT | 17,600 | 33,552 |
Uranium Energy Corp. (b) | 16,273 | 50,121 |
Washington H Soul Pattinson & Company Ltd. | 3,709 | 60,039 |
Yanzhou Coal Mining Company Ltd., Class H H Shares | 16,000 | 50,160 |
Yanzhou Coal Mining Company Ltd., Class A | 2,300 | 13,544 |
605,461 | ||
Commercial Printing - 0.0% * | ||
Cimpress PLC (a)(b) | 967 | 37,616 |
Dai Nippon Printing Company Ltd. (a) | 3,800 | 81,843 |
Toppan Printing Company Ltd. | 4,400 | 73,423 |
192,882 | ||
Commodity Chemicals - 0.2% | ||
Advanced Petrochemical Co. (a) | 1,510 | 20,685 |
Asahi Kasei Corp. (a) | 19,900 | 151,753 |
Barito Pacific Tbk PT (a) | 341,700 | 17,317 |
Berger Paints India Ltd. (a) | 2,928 | 21,070 |
50 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Do-Fluoride New Materials Company Ltd., Class A (a) | 400 | $ 2,918 |
Formosa Chemicals & Fibre Corp. (a) | 46,000 | 115,567 |
Formosa Plastics Corp. (a) | 47,000 | 171,507 |
Guangzhou Tinci Materials Technology Company Ltd., Class A (a) | 1,860 | 17,218 |
Hanwha Solutions Corp. (a)(b) | 1,295 | 37,801 |
Hengli Petrochemical Company Ltd., Class A (a) | 4,300 | 14,264 |
Hengyi Petrochemical Company Ltd., Class A (a) | 4,700 | 7,368 |
Huafon Chemical Company Ltd., Class A (a) | 4,900 | 6,169 |
Hubei Xingfa Chemicals Group Company Ltd., Class A (a) | 600 | 3,937 |
Indorama Ventures PCL NVDR | 18,695 | 24,853 |
Inner Mongolia Yuan Xing Energy Company Ltd., Class A (a) | 2,700 | 4,233 |
Jiangsu Eastern Shenghong Company Ltd., Class A (a) | 3,800 | 9,585 |
Kingfa Sci & Tech Company Ltd., Class A A Shares (a) | 1,800 | 2,556 |
Kumho Petrochemical Company Ltd. (a) | 189 | 20,233 |
LB Group Company Ltd., Class A A Shares (a) | 2,100 | 6,280 |
LG Chem Ltd. (a) | 502 | 199,501 |
Lotte Chemical Corp. (a) | 215 | 29,806 |
Mesaieed Petrochemical Holding Co. (a) | 39,418 | 26,951 |
Mitsui Chemicals Inc. (a) | 3,100 | 65,945 |
Nan Ya Plastics Corp. (a) | 58,000 | 161,905 |
National Industrialization Co. (a)(b) | 3,399 | 14,603 |
Orbia Advance Corp. SAB de C.V. | 10,200 | 23,791 |
Orica Ltd. | 6,934 | 75,194 |
Orion Engineered Carbons S.A. | 3,712 | 57,647 |
Petronas Chemicals Group Bhd | 25,400 | 51,866 |
PTT Global Chemical PCL NVDR | 28,638 | 36,856 |
Rongsheng Petrochemical Company Ltd., Class A | 5,350 | 12,281 |
Sahara International Petrochemical Co. | 4,092 | 54,748 |
Number of Shares | Fair Value | |
Satellite Chemical Company Ltd., Class A | 2,518 | $ 9,709 |
Saudi Basic Industries Corp. | 9,768 | 264,500 |
Saudi Industrial Investment Group | 4,178 | 31,735 |
Saudi Kayan Petrochemical Co. (b) | 10,450 | 43,949 |
Shenzhen Senior Technology Material Company Ltd., Class A | 599 | 2,595 |
Sinoma Science & Technology Company Ltd., Class A | 2,800 | 11,485 |
SK Chemicals Company Ltd. | 113 | 8,015 |
SKC Company Ltd. | 278 | 28,477 |
Skshu Paint Company Ltd., Class A (b) | 400 | 7,722 |
Suzhou TA&A Ultra Clean Technology Company Ltd., Class A | 400 | 5,215 |
Tongkun Group Company Ltd., Class A A Shares | 3,400 | 8,053 |
Toray Industries Inc. | 22,100 | 123,827 |
Tosoh Corp. | 4,482 | 55,590 |
Tronox Holdings PLC, Class A | 6,812 | 114,442 |
Yanbu National Petrochemical Co. | 2,801 | 37,699 |
Yunnan Energy New Material Company Ltd., Class A | 500 | 18,679 |
2,238,100 | ||
Communications Equipment - 0.1% | ||
Accton Technology Corp. (a) | 5,000 | 40,106 |
BYD Electronic International Company Ltd. (a) | 7,020 | 22,142 |
Nokia Oyj | 89,213 | 414,062 |
Telefonaktiebolaget LM Ericsson, Class B (a) | 48,156 | 358,419 |
Tianjin 712 Communication & Broadcasting Company Ltd., Class A | 1,900 | 8,927 |
Yealink Network Technology Corporation Ltd., Class A | 1,100 | 12,494 |
ZTE Corp., Class H H Shares | 10,000 | 23,296 |
ZTE Corp., Class A | 4,400 | 16,755 |
896,201 | ||
Computer & Electronics Retail - 0.0% * | ||
Hikari Tsushin Inc. (a) | 300 | 30,717 |
State Street Total Return V.I.S. Fund | 51 |
Number of Shares | Fair Value | |
Construction & Engineering - 0.2% | ||
ACS Actividades de Construccion y Servicios S.A. (a) | 3,722 | $ 90,003 |
Bouygues S.A. (a) | 3,653 | 112,127 |
China Communications Services Corporation Ltd., Class H H Shares (a) | 17,733 | 7,796 |
China Conch Venture Holdings Ltd. (a) | 17,000 | 37,046 |
China Energy Engineering Corporation Ltd. (a)(b) | 34,900 | 12,337 |
China National Chemical Engineering Company Ltd., Class A (a) | 600 | 842 |
China Railway Group Ltd., Class H H Shares (a) | 40,000 | 24,723 |
China Railway Group Ltd., Class A A Shares (a) | 8,800 | 8,059 |
China State Construction Engineering Corporation Ltd., Class A (a) | 23,400 | 18,569 |
China State Construction International Holdings Ltd. (a) | 20,000 | 22,123 |
Eiffage S.A. (a) | 1,324 | 118,873 |
Ferrovial S.A. (a) | 8,007 | 202,492 |
GS Engineering & Construction Corp. (a) | 456 | 11,080 |
Hyundai Engineering & Construction Company Ltd. (a) | 544 | 17,325 |
Kajima Corp. (a) | 6,400 | 73,349 |
Larsen & Toubro Ltd. (a) | 7,381 | 145,639 |
Metallurgical Corp. of China Ltd., Class A (a) | 1,300 | 679 |
Obayashi Corp. | 11,000 | 79,754 |
Power Construction Corp. of China Ltd., Class A | 7,600 | 8,922 |
Samsung Engineering Company Ltd. (b) | 1,427 | 23,684 |
Shimizu Corp. | 9,500 | 52,446 |
Skanska AB, Class B | 5,739 | 87,815 |
Taisei Corp. | 3,200 | 99,518 |
Vinci S.A. | 8,772 | 779,141 |
WSP Global Inc. | 1,900 | 214,370 |
2,248,712 | ||
Construction Machinery & Heavy Trucks - 0.1% | ||
Alstom S.A. (a) | 5,037 | 113,691 |
China CSSC Holdings Ltd., Class A (a) | 4,900 | 13,872 |
Number of Shares | Fair Value | |
CRRC Corporation Ltd., Class H (a) | 56,000 | $ 20,839 |
CRRC Corporation Ltd., Class A (a) | 24,300 | 18,848 |
Daimler Truck Holding AG (a)(b) | 7,509 | 195,550 |
Doosan Bobcat Inc. (a) | 635 | 14,134 |
Epiroc AB, Class A A Shares (a) | 10,953 | 168,826 |
Epiroc AB, Class B B Shares (a) | 6,228 | 83,993 |
Hitachi Construction Machinery Company Ltd. (a) | 1,700 | 37,603 |
KION Group AG (a) | 1,242 | 51,406 |
Knorr-Bremse AG (a) | 1,231 | 70,036 |
Komatsu Ltd. (a) | 15,300 | 338,761 |
Korea Shipbuilding & Offshore Engineering Co Ltd. (a)(b) | 588 | 42,524 |
Samsung Heavy Industries Company Ltd. (b) | 8,056 | 37,662 |
Sany Heavy Equipment International Holdings Company Ltd. | 11,000 | 11,691 |
Sany Heavy Industry Company Ltd., Class A A Shares | 5,300 | 15,068 |
Sinotruk Hong Kong Ltd. | 12,500 | 17,523 |
Toyota Industries Corp. | 2,400 | 148,393 |
Volvo AB, Class B B Shares | 24,885 | 384,613 |
Volvo AB, Class A A Shares | 3,431 | 55,111 |
Weichai Power Company Ltd., Class H | 22,401 | 35,570 |
Weichai Power Company Ltd., Class A | 7,800 | 14,508 |
XCMG Construction Machinery Company Ltd., Class A | 9,300 | 7,477 |
Zoomlion Heavy Industry Science & Technology Company Ltd., Class A H Shares | 14,748 | 7,875 |
Zoomlion Heavy Industry Science & Technology Company Ltd., Class A | 8,700 | 7,994 |
1,913,568 | ||
Construction Materials - 0.1% | ||
ACC Ltd. (a) | 514 | 13,811 |
Ambuja Cements Ltd. (a) | 5,641 | 25,929 |
Anhui Conch Cement Company Ltd., Class H (a) | 12,081 | 52,346 |
52 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Anhui Conch Cement Company Ltd., Class A A Shares (a) | 2,769 | $ 14,571 |
Asia Cement Corp. (a) | 22,000 | 32,408 |
Cemex SAB de C.V. (a)(b) | 147,000 | 57,049 |
China Jushi Company Ltd., Class A A Shares (a) | 4,114 | 10,684 |
China National Building Material Company Ltd., Class H H Shares (a) | 37,243 | 39,773 |
China Resources Cement Holdings Ltd. (a) | 26,000 | 17,462 |
CRH PLC (a) | 12,628 | 435,664 |
Grasim Industries Ltd. (a) | 2,984 | 49,905 |
HeidelbergCement AG (a) | 2,422 | 116,071 |
Holcim AG (a) | 9,139 | 389,960 |
James Hardie Industries PLC | 7,045 | 153,910 |
POSCO Chemical Company Ltd. | 287 | 23,651 |
Semen Indonesia Persero Tbk PT | 38,500 | 18,413 |
Shree Cement Ltd. | 102 | 24,553 |
Taiwan Cement Corp. | 56,000 | 74,394 |
The Siam Cement PCL NVDR | 8,140 | 86,108 |
UltraTech Cement Ltd. | 1,052 | 74,695 |
1,711,357 | ||
Consumer Electronics - 0.2% | ||
Garmin Ltd. (a) | 1,448 | 142,266 |
LG Electronics Inc. (a) | 1,122 | 76,304 |
Panasonic Holdings Corp. | 36,500 | 294,595 |
Sharp Corp. | 4,300 | 33,202 |
Sony Group Corp. | 20,700 | 1,690,527 |
TCL Technology Group Corp., Class A A Shares | 13,027 | 9,307 |
2,246,201 | ||
Consumer Finance - 0.0% * | ||
360 DigiTech Inc. Revenue | 600 | 10,380 |
Bajaj Finance Ltd. (a) | 2,760 | 188,741 |
Cholamandalam Investment & Finance Company Ltd. (a) | 4,331 | 33,975 |
Isracard Ltd. (a) | — | — |
Krungthai Card PCL NVDR | 9,465 | 15,260 |
Lufax Holding Ltd. ADR | 8,100 | 48,600 |
Muangthai Capital PCL NVDR | 13,200 | 15,961 |
Muthoot Finance Ltd. (a) | 569 | 7,034 |
SBI Cards & Payment Services Ltd. | 1,967 | 19,135 |
Number of Shares | Fair Value | |
Shriram Transport Finance Company Ltd. | 1,784 | $ 28,946 |
Srisawad Corp. PCL NVDR | 7,200 | 9,877 |
377,909 | ||
Copper - 0.0% * | ||
Antofagasta PLC (a) | 6,285 | 88,159 |
First Quantum Minerals Ltd. (a) | 9,800 | 185,523 |
Jiangxi Copper Company Ltd., Class H (a) | 14,782 | 20,232 |
Jiangxi Copper Company Ltd., Class A (a) | 300 | 798 |
KGHM Polska Miedz S.A. (a) | 1,470 | 38,877 |
Lundin Mining Corp. (a) | 11,200 | 70,849 |
Southern Copper Corp. | 1,790 | 89,160 |
493,598 | ||
Data Processing & Outsourced Services - 0.1% | ||
Adyen N.V. (a)(b)(e) | 357 | 518,037 |
Amadeus IT Group S.A. (a)(b) | 7,428 | 412,819 |
Computershare Ltd. (a) | 8,621 | 146,072 |
Edenred (a) | 4,139 | 194,590 |
EVERTEC Inc. (a) | 3,550 | 130,924 |
Fawry for Banking & Payment Technology Services S.A.E. (a)(b) | 13,211 | 2,495 |
GMO Payment Gateway Inc. (a) | 700 | 49,207 |
Nexi S.p.A. (a)(b)(e) | 8,881 | 73,386 |
Nuvei Corp. (b)(e) | 1,000 | 36,063 |
Paysafe Ltd. (b) | 19,691 | 38,397 |
StoneCo Ltd., Class A A Shares (b) | 16,139 | 124,270 |
TravelSky Technology Ltd., Class H | 10,000 | 19,422 |
Worldline S.A. (b)(e) | 3,777 | 139,704 |
1,885,386 | ||
Department Stores - 0.0% * | ||
Central Retail Corp. PCL NVDR | 21,416 | 21,201 |
Falabella SA (a) | 8,186 | 18,786 |
Lojas Renner S.A. (a) | 9,932 | 42,961 |
Lotte Shopping Company Ltd. (a) | 146 | 11,694 |
Next PLC (a) | 2,093 | 148,952 |
Trent Ltd. | 2,207 | 30,019 |
Woolworths Holdings Ltd. | 10,418 | 34,499 |
308,112 |
State Street Total Return V.I.S. Fund | 53 |
Number of Shares | Fair Value | |
Distillers & Vintners - 0.2% | ||
Anhui Gujing Distillery Company Ltd., Class B (a) | 1,100 | $ 17,158 |
Anhui Gujing Distillery Company Ltd., Class A (a) | 400 | 14,896 |
Beijing Shunxin Agriculture Company Ltd., Class A (a) | 1,400 | 5,601 |
Davide Campari-Milano N.V. (a) | 8,810 | 92,426 |
Diageo PLC (a) | 38,002 | 1,629,380 |
Jiangsu King's Luck Brewery JSC Ltd., Class A (a) | 1,400 | 10,650 |
Jiangsu Yanghe Brewery Joint-Stock Company Ltd., Class A (a) | 1,000 | 27,319 |
JiuGui Liquor Company Ltd., Class A A Shares (a) | 400 | 11,086 |
Kweichow Moutai Company Ltd., Class A A Shares (a) | 800 | 244,026 |
Luzhou Laojiao Company Ltd., Class A A Shares (a) | 1,000 | 36,774 |
Pernod Ricard S.A. | 3,447 | 631,723 |
Remy Cointreau S.A. | 392 | 68,316 |
Shanghai Bairun Investment Holding Group Company Ltd., Class A | 980 | 4,391 |
Shanxi Xinghuacun Fen Wine Factory Company Ltd., Class A | 740 | 35,851 |
Sichuan Swellfun Company Ltd., Class A A Shares | 600 | 8,282 |
Treasury Wine Estates Ltd. | 12,163 | 94,930 |
United Spirits Ltd. (b) | 3,752 | 36,096 |
Wuliangye Yibin Company Ltd., Class A A Shares | 2,400 | 72,288 |
3,041,193 | ||
Distributors - 0.0% * | ||
D'ieteren Group (a) | 426 | 62,172 |
Diversified Banks - 2.6% | ||
ABN AMRO Group N.V. (e) | 7,137 | 79,949 |
Absa Group Ltd. (a) | 7,945 | 74,976 |
Abu Dhabi Commercial Bank PJSC (a) | 33,159 | 79,984 |
Abu Dhabi Islamic Bank PJSC (a) | 15,726 | 32,110 |
Agricultural Bank of China Ltd., Class H H Shares (a) | 312,717 | 117,962 |
Agricultural Bank of China Ltd., Class A A Shares (a) | 46,247 | 20,833 |
Akbank T.A.S. (a) | 26,916 | 12,929 |
Number of Shares | Fair Value | |
Al Rajhi Bank (a) | 20,088 | $ 441,689 |
Alinma Bank (a) | 10,599 | 94,349 |
Alpha Services & Holdings S.A. (a)(b) | 26,430 | 22,989 |
AMMB Holdings Bhd (a) | 19,100 | 16,164 |
Arab National Bank (a) | 6,252 | 49,155 |
Australia & New Zealand Banking Group Ltd. (a) | 46,112 | 698,547 |
Axis Bank Ltd. (a)(b) | 23,438 | 188,994 |
Banco Bilbao Vizcaya Argentaria S.A. (a) | 109,816 | 497,172 |
Banco Bradesco S.A. (a) | 15,267 | 41,981 |
Banco de Chile (a) | 598,836 | 53,372 |
Banco de Credito e Inversiones S.A. (a) | 927 | 26,579 |
Banco do Brasil S.A. (a) | 10,000 | 63,831 |
Banco Santander Brasil S.A. (a) | 3,200 | 17,629 |
Banco Santander Chile (a) | 774,790 | 30,640 |
Banco Santander S.A. (a) | 285,021 | 800,957 |
Bancolombia S.A. (a) | 1,951 | 15,726 |
Bank AlBilad (a)(b) | 5,171 | 60,295 |
Bank Al-Jazira (a) | 3,780 | 22,466 |
Bank Central Asia Tbk PT (a) | 618,800 | 301,144 |
Bank Hapoalim BM (a) | 21,100 | 175,685 |
Bank Jago Tbk PT (a)(b) | 36,700 | 22,541 |
Bank Leumi Le-Israel BM (a) | 24,094 | 213,617 |
Bank Mandiri Persero Tbk PT (a) | 215,900 | 114,852 |
Bank Negara Indonesia Persero Tbk PT (a) | 78,300 | 41,259 |
Bank of Beijing Company Ltd., Class A (a) | 9,700 | 6,569 |
Bank of China Ltd., Class H H Shares (a) | 837,868 | 334,210 |
Bank of China Ltd., Class A A Shares (a) | 12,294 | 5,978 |
Bank of Communications Company Ltd., Class H H Shares | 86,127 | 59,489 |
Bank of Communications Company Ltd., Class A (a) | 25,700 | 19,090 |
Bank of Montreal (a) | 10,668 | 1,023,671 |
Bank of Shanghai Company Ltd., Class A (a) | 6,100 | 5,960 |
Bank of the Philippine Islands (a) | 22,630 | 34,901 |
Bank Polska Kasa Opieki S.A. (a) | 1,929 | 34,986 |
Bank Rakyat Indonesia Persero Tbk PT (a) | 748,609 | 208,540 |
54 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Banque Saudi Fransi (a) | 6,105 | $ 77,124 |
Barclays PLC (a) | 275,871 | 513,000 |
BDO Unibank Inc. (a) | 20,560 | 41,318 |
BNP Paribas S.A. (a) | 18,254 | 865,729 |
BOC Hong Kong Holdings Ltd. (a) | 61,500 | 242,961 |
Boubyan Bank KSCP (a) | 18,265 | 46,005 |
CaixaBank S.A. (a) | 73,327 | 254,280 |
Canadian Imperial Bank of Commerce (a) | 14,800 | 717,197 |
Capitec Bank Holdings Ltd. (a) | 931 | 112,642 |
Chang Hwa Commercial Bank Ltd. (a) | 54,770 | 31,959 |
China CITIC Bank Corporation Ltd., Class H H Shares (a) | 97,881 | 43,783 |
China Common Rich Renewable Energy Investments Ltd. (c) | 64,000 | — |
China Construction Bank Corp., Class H H Shares (a) | 1,025,000 | 688,388 |
China Construction Bank Corp., Class A (a) | 7,400 | 6,689 |
China Everbright Bank Company Ltd., Class H H Shares (a) | 46,883 | 15,176 |
China Everbright Bank Company Ltd., Class A A Shares (a) | 30,820 | 13,837 |
China Merchants Bank Company Ltd., Class H H Shares (a) | 41,500 | 277,656 |
China Merchants Bank Company Ltd., Class A (a) | 12,700 | 79,941 |
China Minsheng Banking Corporation Ltd., Class H H Shares (a) | 65,200 | 23,265 |
China Minsheng Banking Corporation Ltd., Class A (a) | 20,500 | 11,375 |
China Zheshang Bank Company Ltd., Class A (a) | 17,800 | 8,815 |
CIMB Group Holdings Bhd (a) | 70,165 | 78,960 |
Commercial International Bank Egypt S.A.E. (a) | 16,486 | 32,691 |
Commerzbank AG (b) | 16,883 | 118,010 |
Commonwealth Bank of Australia (a) | 28,004 | 1,740,443 |
Credicorp Ltd. (a) | 800 | 95,928 |
Credit Agricole S.A. (a) | 20,668 | 188,654 |
CTBC Financial Holding Company Ltd. (a) | 174,000 | 146,885 |
Danske Bank A/S (a) | 11,467 | 161,688 |
DBS Group Holdings Ltd. (a) | 29,810 | 635,741 |
Number of Shares | Fair Value | |
DNB BANK ASA | 15,387 | $ 274,964 |
Dubai Islamic Bank PJSC (a) | 41,012 | 64,313 |
E.Sun Financial Holding Company Ltd. (a) | 122,633 | 119,608 |
Emirates NBD Bank PJSC (a) | 22,098 | 79,413 |
Erste Group Bank AG (a) | 5,440 | 137,631 |
Eurobank Ergasias Services & Holdings S.A., Class A (a)(b) | 33,180 | 29,249 |
FinecoBank Banca Fineco S.p.A. (a) | 9,699 | 115,797 |
First Abu Dhabi Bank PJSC (a) | 48,479 | 247,866 |
First Financial Holding Company Ltd. (a) | 107,454 | 94,684 |
Grupo Financiero Banorte SAB de C.V., Class O (a) | 25,900 | 143,995 |
Grupo Financiero Inbursa SAB de CV, Class O (a)(b) | 21,800 | 34,598 |
Hana Financial Group Inc. (a) | 2,984 | 90,435 |
Hang Seng Bank Ltd. (a) | 12,700 | 224,157 |
Hong Leong Bank Bhd (a) | 8,200 | 38,065 |
Hong Leong Financial Group Bhd (a) | 2,087 | 8,760 |
HSBC Holdings PLC (a) | 332,269 | 2,161,275 |
Hua Nan Financial Holdings Company Ltd. (a) | 92,930 | 70,635 |
Huaxia Bank Company Ltd., Class A (a) | 400 | 311 |
ICICI Bank Ltd. (a) | 52,673 | 471,688 |
Industrial & Commercial Bank of China Ltd., Class H H Shares (a) | 602,505 | 357,804 |
Industrial & Commercial Bank of China Ltd., Class A (a) | 39,300 | 27,962 |
Industrial Bank Company Ltd., Class A A Shares (a) | 13,400 | 39,775 |
Industrial Bank of Korea (a) | 2,926 | 21,679 |
ING Groep N.V. (a) | 64,215 | 633,137 |
Inter & Company Inc. | 24 | 64 |
Intesa Sanpaolo S.p.A. (a) | 271,923 | 506,022 |
Israel Discount Bank Ltd., Class A (a) | 19,724 | 102,277 |
Japan Post Bank Company Ltd. (a) | 7,100 | 55,136 |
KakaoBank Corp. (a)(b) | 1,198 | 27,911 |
KB Financial Group Inc. (a) | 4,080 | 151,303 |
KBC Group N.V. (a) | 4,141 | 231,786 |
Komercni banka A/S (a) | 1,017 | 28,477 |
Kotak Mahindra Bank Ltd. (a) | 5,755 | 121,050 |
Krung Thai Bank PCL NVDR | 46,577 | 20,420 |
State Street Total Return V.I.S. Fund | 55 |
Number of Shares | Fair Value | |
Kuwait Finance House KSCP (a) | 61,518 | $ 174,592 |
Lloyds Banking Group PLC (a) | 1,168,070 | 600,194 |
Malayan Banking Bhd (a) | 50,170 | 97,779 |
Masraf Al Rayan QSC (a) | 50,706 | 57,504 |
mBank S.A. (a)(b) | 271 | 13,538 |
Mediobanca Banca di Credito Finanziario S.p.A. (a) | 10,195 | 88,017 |
Mega Financial Holding Company Ltd. (a) | 111,276 | 132,108 |
Metropolitan Bank & Trust Co. (a) | 18,910 | 16,439 |
Mitsubishi UFJ Financial Group Inc. (a) | 196,400 | 1,054,464 |
Mizrahi Tefahot Bank Ltd. (a) | 2,472 | 81,526 |
Mizuho Financial Group Inc. (a) | 39,800 | 452,036 |
Moneta Money Bank A/S (a)(e) | 7,492 | 27,137 |
National Australia Bank Ltd. (a) | 53,129 | 1,000,671 |
National Bank of Canada (a) | 5,600 | 366,706 |
National Bank of Kuwait SAKP (a) | 82,003 | 278,687 |
National Commercial Bank | 22,647 | 397,760 |
Natwest Group PLC (a) | 92,987 | 246,522 |
Nedbank Group Ltd. (a) | 4,353 | 55,071 |
Nordea Bank Abp | 54,491 | 478,579 |
OTP Bank Nyrt | 2,162 | 47,975 |
Oversea-Chinese Banking Corporation Ltd. | 55,830 | 456,926 |
Ping An Bank Company Ltd., Class A A Shares | 10,900 | 24,355 |
Postal Savings Bank of China Company Ltd. H Shares (e) | 82,675 | 65,639 |
Postal Savings Bank of China Company Ltd., Class A | 15,100 | 12,140 |
Powszechna Kasa Oszczednosci Bank Polski S.A. (b) | 10,415 | 64,864 |
Public Bank Bhd | 153,800 | 152,491 |
Qatar International Islamic Bank QSC | 3,271 | 9,575 |
Qatar Islamic Bank SAQ | 15,089 | 92,189 |
Qatar National Bank QPSC | 46,033 | 252,554 |
RHB Bank Bhd | 24,435 | 31,767 |
Riyad Bank | 13,938 | 119,242 |
Royal Bank of Canada | 23,212 | 2,242,834 |
Santander Bank Polska S.A. | 358 | 18,554 |
Sberbank of Russia PJSC (b)(c)** | 192,160 | — |
Number of Shares | Fair Value | |
SCB X PCL | 11,696 | $ 34,405 |
Shanghai Pudong Development Bank Company Ltd., Class A | 14,200 | 16,966 |
Shinhan Financial Group Company Ltd. | 4,708 | 134,343 |
SinoPac Financial Holdings Company Ltd. | 98,633 | 55,730 |
Skandinaviska Enskilda Banken AB, Class A | 26,916 | 263,712 |
Societe Generale S.A. | 13,134 | 286,839 |
Standard Bank Group Ltd. | 14,348 | 135,900 |
Standard Chartered PLC | 43,075 | 323,605 |
State Bank of India | 18,834 | 111,112 |
Sumitomo Mitsui Financial Group Inc. | 21,500 | 638,092 |
Sumitomo Mitsui Trust Holdings Inc. | 5,400 | 166,148 |
Svenska Handelsbanken AB, Class A | 24,189 | 206,355 |
Swedbank AB, Class A A Shares | 15,032 | 189,671 |
Taishin Financial Holding Company Ltd | 106,950 | 58,630 |
Taiwan Cooperative Financial Holding Company Ltd. | 99,231 | 89,608 |
TCS Group Holding PLC GDR (b)(c)** | 1,671 | — |
TCS Group Holding PLC (b)(c)** | 500 | — |
The Bank of Nova Scotia (a) | 20,000 | 1,181,131 |
The Bank of NT Butterfield & Son Ltd. (a) | 2,811 | 87,675 |
The Commercial Bank PQSC (a) | 19,063 | 35,831 |
The Saudi British Bank | 9,570 | 103,808 |
The Shanghai Commercial & Savings Bank Ltd. | 35,000 | 62,505 |
The Toronto-Dominion Bank | 29,900 | 1,956,556 |
Turkiye Is Bankasi AS, Class C C Shares | 22,855 | 5,996 |
UniCredit S.p.A. | 34,890 | 330,653 |
United Overseas Bank Ltd. | 19,500 | 367,806 |
VTB Bank PJSC (c)** | 70,264,000 | — |
Westpac Banking Corp. | 57,561 | 771,846 |
Woori Financial Group Inc. | 5,116 | 47,677 |
Yes Bank Ltd. (b) | 210,763 | 33,760 |
37,072,952 | ||
Diversified Capital Markets - 0.2% | ||
Banco BTG Pactual S.A. (a) | 11,908 | 50,802 |
56 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Credit Suisse Group AG (a) | 43,861 | $ 248,317 |
Deutsche Bank AG (a) | 34,115 | 296,666 |
Macquarie Group Ltd. (a) | 5,901 | 667,552 |
Mirae Asset Daewoo Company Ltd. (a) | 3,109 | 15,852 |
UBS Group AG | 57,797 | 929,123 |
2,208,312 | ||
Diversified Chemicals - 0.1% | ||
BASF SE (a) | 15,107 | 655,830 |
Mitsubishi Chemical Holdings Corp. (a) | 20,400 | 110,668 |
Ningxia Baofeng Energy Group Company Ltd., Class A (a) | 3,000 | 6,556 |
Nissan Chemical Corp. | 2,100 | 96,610 |
Pidilite Industries Ltd. | 1,757 | 46,497 |
Sasol Ltd. (b) | 5,864 | 133,040 |
Solvay S.A. | 1,181 | 95,465 |
SRF Ltd. | 1,747 | 49,822 |
Sumitomo Chemical Company Ltd. | 25,100 | 98,105 |
1,292,593 | ||
Diversified Metals & Mining - 0.5% | ||
African Rainbow Minerals Ltd. (a) | 506 | 6,602 |
Anglo American PLC (a) | 20,895 | 745,291 |
BHP Billiton Ltd. (a) | 83,048 | 2,355,704 |
Boliden AB (a) | 4,324 | 137,285 |
China Minmetals Rare Earth Company Ltd., Class A (a) | 500 | 2,331 |
China Molybdenum Company Ltd., Class H H Shares (a) | 30,000 | 16,745 |
China Molybdenum Company Ltd., Class A A Shares (a) | 11,000 | 9,402 |
China Northern Rare Earth Group High-Tech Company Ltd., Class A (a) | 2,000 | 10,489 |
Ganfeng Lithium Company Ltd., Class A A Shares (a) | 600 | 13,308 |
Ganfeng Lithium Company Ltd., Class H H Shares (a)(e) | 3,640 | 40,056 |
GEM Company Ltd., Class A A Shares (a) | 7,800 | 10,587 |
Glencore PLC (a) | 162,509 | 878,445 |
Grupo Mexico SAB de C.V., Class B (a) | 30,742 | 126,879 |
Ivanhoe Mines Ltd., Class A (a)(b) | 10,300 | 59,167 |
Number of Shares | Fair Value | |
Korea Zinc Company Ltd. (a) | 86 | $ 32,290 |
Merdeka Copper Gold Tbk PT (a)(b) | 138,993 | 37,227 |
Mineral Resources Ltd. (a) | 2,709 | 89,920 |
MMC Norilsk Nickel PJSC ADR (c)** | 8,131 | — |
MMC Norilsk Nickel PJSC (c)** | 305 | — |
MMG Ltd. (a)(b) | 36,000 | 13,396 |
PolyMet Mining Corp. (b) | 1,702 | 4,681 |
Rio Tinto Ltd. | 6,118 | 432,063 |
Rio Tinto PLC | 18,451 | 1,101,680 |
Saudi Arabian Mining Co. (b) | 9,158 | 121,672 |
South32 Ltd. | 77,091 | 208,866 |
Sumitomo Metal Mining Company Ltd. | 3,900 | 122,005 |
Teck Resources Ltd., Class B (b) | 7,800 | 238,000 |
Tibet Summit Resources Company Ltd., Class A (b) | 500 | 2,140 |
Vedanta Ltd. | 6,580 | 18,580 |
Youngy Company Ltd., Class A (b) | 200 | 4,585 |
Zhejiang Huayou Cobalt Company Ltd., Class A | 630 | 8,986 |
6,848,382 | ||
Diversified Real Estate Activities - 0.1% | ||
Aldar Properties PJSC (a) | 49,033 | 59,404 |
Ayala Land Inc. (a) | 76,100 | 35,292 |
Barwa Real Estate Co. (a) | 1,157 | 1,061 |
City Developments Ltd. (a) | 6,000 | 35,137 |
Daito Trust Construction Company Ltd. (a) | 1,000 | 86,195 |
Daiwa House Industry Company Ltd. (a) | 9,900 | 230,421 |
DLF Ltd. (a) | 5,050 | 19,996 |
ESR Cayman Ltd. (a)(b)(e) | 32,200 | 86,994 |
Lendlease Corporation Ltd. (a) | 11,687 | 73,213 |
Mitsubishi Estate Company Ltd. (a) | 19,600 | 284,071 |
Mitsui Fudosan Company Ltd. (a) | 15,100 | 324,274 |
New World Development Company Ltd. (a) | 25,000 | 89,685 |
Nomura Real Estate Holdings Inc. | 1,896 | 46,404 |
Shanghai Lujiazui Finance & Trade Zone Development Company Ltd., Class B | 10,400 | 9,142 |
State Street Total Return V.I.S. Fund | 57 |
Number of Shares | Fair Value | |
Sumitomo Realty & Development Company Ltd. | 4,900 | $ 129,231 |
Sun Hung Kai Properties Ltd. | 24,000 | 283,524 |
Swire Pacific Ltd., Class A | 7,500 | 44,683 |
The Wharf Holdings Ltd. | 13,000 | 47,381 |
UOL Group Ltd. | 8,500 | 44,952 |
1,931,060 | ||
Diversified REITs - 0.1% | ||
Daiwa House REIT Investment Corp. (a) | 37 | 83,747 |
Fibra Uno Administracion S.A. de C.V. (a) | 32,000 | 31,769 |
Gecina S.A. (a) | 777 | 72,296 |
Growthpoint Properties Ltd. (a) | 46,615 | 35,141 |
Land Securities Group PLC (a) | 11,251 | 90,727 |
Mirvac Group (a) | 66,378 | 90,149 |
Nomura Real Estate Master Fund Inc. | 72 | 89,778 |
Stockland | 40,112 | 99,575 |
The British Land Company PLC (a) | 14,836 | 80,557 |
The GPT Group (a) | 32,263 | 93,623 |
767,362 | ||
Diversified Support Services - 0.0% * | ||
Brambles Ltd. (a) | 22,690 | 167,106 |
Indian Railway Catering & Tourism Corporation Ltd. (a) | 2,733 | 19,941 |
Ritchie Bros Auctioneers Inc. | 1,900 | 123,357 |
310,404 | ||
Drug Retail - 0.0% * | ||
Clicks Group Ltd. (a) | 2,284 | 38,104 |
Raia Drogasil S.A. | 11,200 | 41,121 |
Welcia Holdings Company Ltd. | 1,344 | 26,909 |
106,134 | ||
Education Services - 0.0% * | ||
IDP Education Ltd. (a) | 3,585 | 58,722 |
New Oriental Education & Technology Group Inc. (b) | 1,510 | 30,743 |
TAL Education Group ADR (b) | 4,100 | 19,967 |
109,432 | ||
Electric Utilities - 0.4% | ||
Acciona S.A. (a) | 419 | 76,877 |
Number of Shares | Fair Value | |
Adani Transmission Ltd. (a)(b) | 2,959 | $ 92,685 |
Centrais Eletricas Brasileiras S.A. (a) | 6,827 | 60,314 |
CEZ A/S (a) | 2,072 | 93,090 |
Chubu Electric Power Company Inc. (a) | 10,800 | 108,592 |
CK Infrastructure Holdings Ltd. (a) | 9,500 | 58,233 |
CLP Holdings Ltd. (a) | 27,000 | 223,998 |
CPFL Energia S.A. (a) | 2,500 | 14,763 |
EDP - Energias de Portugal S.A. (a) | 46,041 | 214,291 |
Electricite de France S.A. (a) | 9,489 | 77,438 |
Elia Group S.A. (a) | 560 | 79,153 |
Emera Inc. (a) | 4,300 | 201,008 |
Endesa S.A. (a) | 5,068 | 95,370 |
Enel Americas S.A. (a) | 212,573 | 19,763 |
Enel Chile S.A. (a) | 175,613 | 3,890 |
Enel S.p.A. (a) | 133,731 | 729,803 |
Energisa S.A. (a) | 2,100 | 16,203 |
Equatorial Energia S.A. (a) | 12,243 | 53,472 |
Fortis Inc. (a) | 7,761 | 366,105 |
Fortum Oyj (a) | 7,066 | 105,747 |
HK Electric Investments & HK Electric Investments Ltd. (a) | 37,869 | 34,747 |
Hydro One Ltd. (a)(e) | 5,198 | 139,465 |
Iberdrola S.A. (a) | 95,198 | 984,897 |
Inter RAO UES PJSC (b)(c)** | 467,243 | — |
Interconexion Electrica S.A. ESP (a) | 4,165 | 20,519 |
Korea Electric Power Corp. (a)(b) | 2,481 | 43,089 |
Manila Electric Co. (a) | 2,420 | 15,844 |
Mercury NZ Ltd. (a) | 10,267 | 36,067 |
Origin Energy Ltd. | 28,022 | 110,413 |
Orsted A/S (e) | 3,125 | 325,928 |
PGE Polska Grupa Energetyczna S.A. (b) | 10,086 | 23,903 |
Power Assets Holdings Ltd. | 22,000 | 138,359 |
Power Grid Corporation of India Ltd. | 34,609 | 92,863 |
Public Power Corp. S.A. (b) | 3,647 | 19,998 |
Red Electrica Corp. SA | 6,783 | 127,820 |
Saudi Electricity Co. | 8,744 | 56,396 |
SSE PLC | 17,593 | 345,272 |
Tenaga Nasional Bhd | 27,000 | 48,885 |
Terna - Rete Elettrica Nazionale S.p.A. | 23,397 | 183,159 |
The Kansai Electric Power Company Inc. (a) | 11,300 | 111,790 |
58 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
The Tata Power Company Ltd. | 16,884 | $ 43,229 |
Tokyo Electric Power Company Holdings Inc. (b) | 25,700 | 107,261 |
Verbund AG | 1,087 | 106,083 |
5,806,782 | ||
Electrical Components & Equipment - 0.2% | ||
ABB Ltd. (a) | 27,012 | 718,364 |
Contemporary Amperex Technology Company Ltd., Class A (a) | 1,400 | 111,512 |
Ecopro BM Company Ltd. (a) | 560 | 48,953 |
Eve Energy Company Ltd., Class A A Shares (a) | 900 | 13,089 |
Fuji Electric Company Ltd. (a) | 2,100 | 86,872 |
Ginlong Technologies Company Ltd., Class A (a) | 300 | 9,531 |
Gotion High-tech Company Ltd., Class A A Shares (a) | 1,800 | 12,243 |
Havells India Ltd. (a) | 3,337 | 46,405 |
Legrand S.A. (a) | 4,417 | 325,367 |
LG Energy Solution (a)(b) | 221 | 63,148 |
Nidec Corp. (a) | 7,400 | 456,457 |
nVent Electric plc | 1,800 | 56,394 |
Prysmian S.p.A. | 4,052 | 111,030 |
Schneider Electric SE | 8,880 | 1,048,118 |
Sungrow Power Supply Company Ltd., Class A A Shares | 1,300 | 19,051 |
Sunwoda Electronic Company Ltd., Class A | 800 | 3,771 |
Suzhou Maxwell Technologies Company Ltd., Class A | 160 | 11,716 |
TBEA Company Ltd., Class A | 4,200 | 17,159 |
Voltronic Power Technology Corp. | 1,000 | 48,598 |
WEG S.A. | 17,546 | 88,746 |
Zhejiang Chint Electrics Company Ltd., Class A | 1,800 | 9,606 |
Zhuzhou CRRC Times Electric Company Ltd. H Shares | 6,600 | 32,550 |
3,338,680 | ||
Electronic Components - 0.2% | ||
AUO Corp. (a) | 89,000 | 48,790 |
Avary Holding Shenzhen Company Ltd., Class A (a) | 2,600 | 11,716 |
BOE Technology Group Company Ltd., Class A (a) | 36,100 | 21,216 |
Number of Shares | Fair Value | |
Chaozhou Three-Circle Group Company Ltd., Class A (a) | 2,200 | $ 9,877 |
China Zhenhua Group Science & Technology Company Ltd., Class A (a) | 200 | 4,056 |
Delta Electronics Inc. (a) | 21,000 | 156,440 |
Delta Electronics Thailand PCL NVDR | 4,018 | 37,845 |
E Ink Holdings Inc. (a) | 10,000 | 63,397 |
Guangzhou Shiyuan Electronic Technology Company Ltd, Class A (a) | 800 | 8,988 |
Hamamatsu Photonics KK (a) | 2,400 | 93,099 |
Hirose Electric Company Ltd. (a) | 474 | 62,837 |
Ibiden Company Ltd. (a) | 1,800 | 50,679 |
Iljin Materials Company Ltd. (a) | 276 | 14,837 |
Innolux Corp. (a) | 106,000 | 43,137 |
Kingboard Holdings Ltd. (a) | 8,000 | 30,279 |
Kingboard Laminates Holdings Ltd. (a) | 13,549 | 16,714 |
Kyocera Corp. (a) | 5,300 | 283,072 |
L&F Company Ltd. (a)(b) | 253 | 40,920 |
Largan Precision Company Ltd. (a) | 1,000 | 58,015 |
Lens Technology Company Ltd., Class A A Shares (a) | 4,960 | 8,190 |
LG Display Company Ltd. (a) | 2,381 | 26,682 |
LG Innotek Company Ltd. (a) | 159 | 41,942 |
Lingyi iTech Guangdong Co., Class A (a)(b) | 8,000 | 5,990 |
Luxshare Precision Industry Company Ltd., Class A (a) | 4,700 | 23,689 |
Maxscend Microelectronics Company Ltd., Class A (a) | 128 | 2,577 |
Murata Manufacturing Company Ltd. (a) | 9,500 | 517,184 |
Nan Ya Printed Circuit Board Corp. (a) | 2,000 | 17,522 |
Omron Corp. | 3,097 | 157,090 |
Samsung Electro-Mechanics Company Ltd. | 637 | 64,024 |
Samsung SDI Company Ltd. | 582 | 238,466 |
Shengyi Technology Company Ltd., Class A | 1,400 | 3,548 |
Shennan Circuits Company Ltd., Class A | 800 | 11,182 |
Sunny Optical Technology Group Company Ltd. | 7,400 | 120,615 |
TDK Corp. | 6,500 | 200,471 |
Unimicron Technology Corp. | 13,000 | 69,299 |
State Street Total Return V.I.S. Fund | 59 |
Number of Shares | Fair Value | |
Yageo Corp. | 5,000 | $ 51,793 |
Zhen Ding Technology Holding Ltd. | 7,665 | 26,552 |
2,642,730 | ||
Electronic Equipment & Instruments - 0.1% | ||
Azbil Corp. (a) | 1,800 | 47,234 |
Halma PLC (a) | 6,011 | 146,658 |
Hexagon AB, Class B B Shares (a) | 32,132 | 333,160 |
Keyence Corp. (a) | 3,200 | 1,092,459 |
Shimadzu Corp. | 3,800 | 119,996 |
Westone Information Industry Inc., Class A | 400 | 2,560 |
Wuhan Guide Infrared Company Ltd., Class A | 3,500 | 6,719 |
Yokogawa Electric Corp. | 3,400 | 56,085 |
Zhejiang Dahua Technology Company Ltd., Class A | 2,800 | 6,858 |
1,811,729 | ||
Electronic Manufacturing Services - 0.1% | ||
AAC Technologies Holdings Inc. (a) | 8,500 | 19,563 |
Fabrinet (a)(b) | 2,150 | 174,365 |
Foxconn Industrial Internet Company Ltd., Class A (a) | 8,600 | 12,623 |
GoerTek Inc., Class A A Shares (a) | 2,448 | 12,269 |
Hon Hai Precision Industry Company Ltd. (a) | 133,000 | 487,564 |
Venture Corporation Ltd. | 4,800 | 57,357 |
Wingtech Technology Company Ltd., Class A A Shares | 1,200 | 15,234 |
778,975 | ||
Environmental & Facilities Services - 0.0% * | ||
China Everbright Environment Group Ltd. (a) | 48,000 | 28,322 |
GFL Environmental Inc. (a) | 2,900 | 74,548 |
Li-Cycle Holdings Corp. (a)(b) | 7,701 | 52,983 |
Rentokil Initial PLC | 30,916 | 178,193 |
334,046 | ||
Fertilizers & Agricultural Chemicals - 0.1% | ||
ICL Group Ltd (a) | 11,272 | 101,997 |
Nutrien Ltd. | 9,100 | 723,161 |
OCI N.V. | 1,801 | 59,272 |
PhosArgo PJSC (c) | 13 | — |
Number of Shares | Fair Value | |
PhosArgo PJSC (c)** | 1,956 | $ — |
PI Industries Ltd. | 823 | 26,674 |
SABIC Agri-Nutrients Co. | 2,190 | 80,430 |
Shandong Hualu Hengsheng Chemical Company Ltd., Class A | 2,470 | 10,758 |
UPL Ltd. | 5,822 | 46,622 |
Yara International ASA | 2,630 | 109,568 |
1,158,482 | ||
Financial Exchanges & Data - 0.2% | ||
ASX Ltd. (a) | 3,218 | 180,813 |
B3 S.A. - Brasil Bolsa Balcao (a) | 65,500 | 137,276 |
Deutsche Boerse AG (a) | 3,129 | 522,086 |
East Money Information Company Ltd., Class A (a) | 6,824 | 25,854 |
Euronext N.V. (a)(e) | 1,367 | 111,329 |
Hithink RoyalFlush Information Network Company Ltd., Class A (a) | 500 | 7,171 |
Hong Kong Exchanges & Clearing Ltd. (a) | 19,800 | 973,983 |
Japan Exchange Group Inc. (a) | 8,000 | 115,299 |
London Stock Exchange Group PLC (a) | 5,420 | 502,363 |
Moscow Exchange MICEX-RTS PJSC (b)(c)** | 17,461 | — |
Singapore Exchange Ltd. | 13,736 | 93,370 |
TMX Group Ltd. | 900 | 91,399 |
2,760,943 | ||
Food Distributors - 0.0% * | ||
Bid Corporation Ltd. (a) | 3,492 | 65,398 |
The SPAR Group Ltd. | 2,260 | 19,054 |
84,452 | ||
Food Retail - 0.3% | ||
Alimentation Couche-Tard Inc. (a) | 13,900 | 541,043 |
Avenue Supermarts Ltd. (a)(b)(e) | 1,692 | 72,976 |
BGF retail Company Ltd. (a) | 77 | 11,208 |
BIM Birlesik Magazalar A/S (a) | 5,083 | 24,614 |
CP ALL PCL NVDR | 61,715 | 104,735 |
Dino Polska S.A. (a)(b)(e) | 643 | 45,624 |
Empire Company Ltd. (a) | 2,800 | 86,065 |
Endeavour Group Ltd. (a) | 21,442 | 111,617 |
George Weston Ltd. (a) | 1,169 | 136,271 |
60 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
HelloFresh SE (a)(b) | 2,789 | $ 89,951 |
J Sainsbury PLC | 29,664 | 73,492 |
Jeronimo Martins SGPS S.A. (a) | 4,767 | 103,361 |
Kesko Oyj, Class B (a) | 4,362 | 102,651 |
Kobe Bussan Company Ltd. (a) | 2,600 | 63,634 |
Koninklijke Ahold Delhaize N.V. (a) | 17,234 | 447,910 |
Loblaw Companies Ltd. (a) | 2,719 | 244,698 |
Magnit PJSC GDR (c)** | 4,801 | — |
Magnit PJSC (c)** | 322 | — |
Metro Inc. (a) | 3,976 | 212,955 |
Ocado Group PLC (b) | 8,988 | 85,272 |
President Chain Store Corp. | 7,000 | 64,153 |
Seven & I Holdings Company Ltd. | 12,400 | 480,739 |
Shoprite Holdings Ltd. | 5,334 | 64,428 |
Tesco plc | 125,910 | 390,689 |
Woolworths Group Ltd. | 19,967 | 488,799 |
X5 Retail Group N.V. GDR (c)** | 2,502 | — |
4,046,885 | ||
Footwear - 0.0% * | ||
Feng TAY Enterprise Company Ltd. (a) | 3,000 | 17,707 |
Pou Chen Corp. | 14,000 | 13,890 |
Puma SE | 1,679 | 110,304 |
Xtep International Holdings Ltd. | 17,000 | 30,764 |
172,665 | ||
Forest Products - 0.0% * | ||
Chengxin Lithium Group Company Ltd., Class A (a) | 500 | 4,501 |
Svenska Cellulosa AB SCA, Class B B Shares | 9,585 | 142,923 |
West Fraser Timber Company Ltd. | 1,000 | 76,569 |
223,993 | ||
Gas Utilities - 0.1% | ||
Adani Total Gas Ltd. (a) | 2,847 | 86,265 |
AltaGas Ltd. (a) | 4,700 | 98,959 |
APA Group (a) | 18,696 | 144,891 |
Beijing Enterprises Holdings Ltd. (a) | 6,500 | 23,111 |
Brookfield Infrastructure Corp., Class A (a) | 5,703 | 242,377 |
Number of Shares | Fair Value | |
China Gas Holdings Ltd. (a) | 29,800 | $ 46,028 |
China Resources Gas Group Ltd. (a) | 8,800 | 40,989 |
Enagas S.A. (a) | 4,196 | 92,428 |
ENN Energy Holdings Ltd. (a) | 7,900 | 129,771 |
GAIL India Ltd. (a) | 18,364 | 31,439 |
Hong Kong & China Gas Company Ltd. (a) | 185,650 | 199,917 |
Indraprastha Gas Ltd. (a) | 2,632 | 11,861 |
Kunlun Energy Company Ltd. (a) | 38,000 | 31,138 |
Naturgy Energy Group S.A. (a) | 2,762 | 79,321 |
Osaka Gas Company Ltd. | 6,000 | 114,652 |
Petronas Gas Bhd | 9,649 | 35,991 |
Snam S.p.A. | 31,877 | 166,596 |
Tokyo Gas Company Ltd. | 6,300 | 130,169 |
1,705,903 | ||
General Merchandise Stores - 0.1% | ||
Canadian Tire Corporation Ltd., Class A (a) | 900 | 113,307 |
Dollarama Inc. (a) | 4,700 | 270,060 |
Magazine Luiza S.A. (a) | 24,324 | 10,884 |
Pan Pacific International Holdings Corp. | 5,900 | 94,023 |
Wesfarmers Ltd. | 18,671 | 538,087 |
1,026,361 | ||
Gold - 0.2% | ||
Agnico Eagle Mines Ltd. (a) | 7,607 | 347,459 |
Aneka Tambang Tbk (a) | 103,400 | 12,493 |
AngloGold Ashanti Ltd. (a) | 4,118 | 61,592 |
Barrick Gold Corp. (a) | 29,300 | 516,972 |
Cia de Minas Buenaventura S.A.A. ADR | 2,400 | 15,840 |
Dakota Gold Corp. | 2,957 | 9,906 |
Evolution Mining Ltd. (a) | 31,097 | 50,894 |
Franco-Nevada Corp. (a) | 3,117 | 409,140 |
Gold Fields Ltd. (a) | 8,837 | 82,531 |
Harmony Gold Mining Company Ltd. (a) | 3,443 | 10,922 |
Kinross Gold Corp. (a) | 21,000 | 74,561 |
Newcrest Mining Ltd. (a) | 14,744 | 211,798 |
Northern Star Resources Ltd. | 18,573 | 87,359 |
Novagold Resources Inc. (b) | 13,926 | 66,984 |
Polymetal International PLC (c)** | 1,670 | — |
Polyus PJSC GDR (c)** | 977 | — |
Polyus PJSC (b)(c)** | 122 | — |
State Street Total Return V.I.S. Fund | 61 |
Number of Shares | Fair Value | |
Shandong Gold Mining Company Ltd., Class A | 3,000 | $ 8,305 |
Shandong Gold Mining Company Ltd., Class H H Shares (e) | 7,500 | 13,132 |
Wheaton Precious Metals Corp. | 7,408 | 266,354 |
Zhaojin Mining Industry Company Ltd., Class A H Shares (b) | 15,500 | 13,551 |
Zijin Mining Group Company Ltd., Class H | 59,119 | 72,402 |
Zijin Mining Group Company Ltd., Class A A Shares | 13,400 | 18,648 |
2,350,843 | ||
Healthcare Distributors - 0.0% * | ||
Amplifon S.p.A. (a) | 2,130 | 65,134 |
Celltrion Healthcare Company Ltd. (a) | 978 | 51,672 |
Huadong Medicine Company Ltd., Class A A Shares (a) | 1,700 | 11,451 |
Shanghai Pharmaceuticals Holding Company Ltd., Class H | 9,000 | 14,910 |
Shanghai Pharmaceuticals Holding Company Ltd., Class A | 4,200 | 11,327 |
Sinopharm Group Company Ltd., Class H H Shares | 16,800 | 40,721 |
195,215 | ||
Healthcare Equipment - 0.3% | ||
BioMerieux (a) | 706 | 68,790 |
Carl Zeiss Meditec AG (a) | 682 | 81,210 |
Cochlear Ltd. (a) | 1,042 | 142,375 |
Demant A/S (a)(b) | 1,542 | 57,727 |
DiaSorin S.p.A. (a) | 433 | 56,676 |
Fisher & Paykel Healthcare Corporation Ltd. (a) | 9,191 | 114,176 |
Getinge AB, Class B (a) | 3,654 | 84,295 |
GN Store Nord AS (a) | 2,113 | 73,876 |
Jafron Biomedical Company Ltd., Class A A Shares (a) | 600 | 4,554 |
Jiangsu Yuyue Medical Equipment & Supply Company Ltd., Class A (a) | 2,100 | 8,038 |
Koninklijke Philips N.V. (a) | 14,605 | 313,850 |
Lepu Medical Technology Beijing Company Ltd., Class A (a) | 2,300 | 6,371 |
LivaNova PLC (a)(b) | 3,126 | 195,281 |
Number of Shares | Fair Value | |
Medtronic PLC (a) | 13,132 | $ 1,178,597 |
Microport Rights (c) | 1 | — |
Microport Scientific Corp. (a)(b) | 4,807 | 13,937 |
Nano-X Imaging Ltd. (a)(b) | 2,448 | 27,662 |
Novocure Ltd. (b) | 1,100 | 76,450 |
Olympus Corp. | 20,400 | 409,411 |
Shenzhen Mindray Bio-Medical Electronics Company Ltd., Class A | 700 | 32,702 |
Siemens Healthineers AG (e) | 4,675 | 236,994 |
Smith & Nephew PLC | 14,592 | 203,351 |
Sonova Holding AG | 888 | 281,978 |
Straumann Holding AG | 1,850 | 221,552 |
Sysmex Corp. | 2,700 | 162,292 |
Terumo Corp. | 10,700 | 321,973 |
4,374,118 | ||
Healthcare Facilities - 0.0% * | ||
Aier Eye Hospital Group Company Ltd., Class A (a) | 4,549 | 30,378 |
Apollo Hospitals Enterprise Ltd. (a) | 1,276 | 59,516 |
Bangkok Dusit Medical Services PCL NVDR | 120,246 | 85,028 |
Bumrungrad Hospital PCL NVDR | 5,749 | 29,107 |
Dr Sulaiman Al Habib Medical Services Group Co. (a) | 677 | 34,968 |
Hygeia Healthcare Holdings Company Ltd. (a)(e) | 3,200 | 21,267 |
IHH Healthcare Bhd | 22,700 | 33,219 |
Mouwasat Medical Services Co. (a) | 688 | 39,057 |
Ramsay Health Care Ltd. | 2,901 | 146,104 |
Rede D'Or Sao Luiz SA (e) | 5,000 | 27,708 |
506,352 | ||
Healthcare Services - 0.0% * | ||
Fresenius Medical Care AG & Company KGaA (a) | 3,242 | 161,435 |
Fresenius SE & Company KGaA (a) | 6,731 | 203,367 |
Guangzhou Kingmed Diagnostics Group Company Ltd., Class A (a) | 500 | 6,156 |
Jinxin Fertility Group Ltd. (a)(e) | 16,500 | 15,203 |
Meinian Onehealth Healthcare Holdings Company Ltd., Class A (a)(b) | 4,500 | 3,739 |
62 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Sonic Healthcare Ltd. | 7,206 | $ 163,571 |
Topchoice Medical Corp., Class A (b) | 300 | 7,806 |
561,277 | ||
Healthcare Supplies - 0.1% | ||
Alcon Inc. (a) | 8,227 | 573,015 |
Asahi Intecc Company Ltd. (a) | 3,700 | 55,777 |
Coloplast A/S, Class B | 1,970 | 223,882 |
Hartalega Holdings Bhd (a) | 12,000 | 8,331 |
Hoya Corp. (a) | 6,100 | 520,176 |
Intco Medical Technology Company Ltd., Class A (a) | 720 | 2,724 |
Ovctek China Inc., Class A (a) | 600 | 5,118 |
SD Biosensor Inc. | 309 | 9,246 |
Shandong Weigao Group Medical Polymer Company Ltd., Class H | 26,000 | 30,218 |
Top Glove Corporation Bhd | 54,800 | 12,931 |
1,441,418 | ||
Healthcare Technology - 0.0% * | ||
Babylon Holdings Ltd. (a) | 6,340 | 6,199 |
M3 Inc. (a) | 7,300 | 209,454 |
Winning Health Technology Group Company Ltd., Class A | 4,200 | 5,501 |
221,154 | ||
Heavy Electrical Equipment - 0.1% | ||
Dongfang Electric Corporation Ltd., Class A (a) | 1,000 | 2,454 |
Doosan Enerbility Company Ltd. (a)(b) | 4,535 | 67,760 |
Ming Yang Smart Energy Group Ltd., Class A (a) | 600 | 3,025 |
Mitsubishi Electric Corp. (a) | 31,900 | 340,708 |
NARI Technology Company Ltd., Class A A Shares (a) | 4,296 | 17,301 |
Shanghai Electric Group Company Ltd., Class A | 15,400 | 9,441 |
Siemens Energy AG (b) | 7,298 | 106,701 |
Siemens Gamesa Renewable Energy S.A. (b) | 4,040 | 75,645 |
Titan Wind Energy Suzhou Company Ltd., Class A | 900 | 2,214 |
Vestas Wind Systems A/S | 16,651 | 350,888 |
Xinjiang Goldwind Science & Technology Company Ltd., Class H H Shares | 8,000 | 14,966 |
Number of Shares | Fair Value | |
Xinjiang Goldwind Science & Technology Company Ltd., Class A | 2,800 | $ 6,181 |
997,284 | ||
Highways & Railtracks - 0.1% | ||
Atlantia S.p.A. (a) | 8,227 | 192,488 |
Bangkok Expressway & Metro PCL NVDR | 80,283 | 19,869 |
CCR S.A. (a) | 12,900 | 30,909 |
Getlink SE (a) | 6,992 | 123,024 |
Jiangsu Expressway Company Ltd., Class H (a) | 12,000 | 12,081 |
Promotora y Operadora de Infraestructura SAB de C.V. | 1,150 | 8,397 |
Shenzhen International Holdings Ltd. | 15,725 | 15,471 |
Taiwan High Speed Rail Corp. | 18,000 | 16,981 |
Transurban Group | 50,585 | 500,205 |
Zhejiang Expressway Company Ltd., Class H (b) | 16,000 | 14,762 |
934,187 | ||
Home Building - 0.1% | ||
Barratt Developments PLC (a) | 17,204 | 95,566 |
Berkeley Group Holdings PLC (a) | 1,893 | 85,613 |
Iida Group Holdings Company Ltd. (a) | 2,638 | 40,564 |
Open House Group Company Ltd. | 1,200 | 47,698 |
Persimmon PLC | 5,069 | 114,687 |
Sekisui Chemical Company Ltd. | 6,400 | 87,481 |
Sekisui House Ltd. | 9,758 | 170,696 |
Taylor Wimpey PLC | 61,558 | 87,207 |
729,512 | ||
Home Furnishing Retail - 0.0% * | ||
Nitori Holdings Company Ltd. | 1,300 | 123,393 |
Home Furnishings - 0.0% * | ||
Nien Made Enterprise Company Ltd. (a) | 2,000 | 19,708 |
Oppein Home Group Inc., Class A | 500 | 11,238 |
30,946 |
State Street Total Return V.I.S. Fund | 63 |
Number of Shares | Fair Value | |
Home Improvement Retail - 0.0% * | ||
Home Product Center PCL NVDR | 73,209 | $ 26,298 |
Kingfisher PLC (a) | 34,439 | 102,177 |
128,475 | ||
Hotels, Resorts & Cruise Lines - 0.0% * | ||
Accor S.A. (a)(b) | 2,875 | 77,636 |
Asset World Corp. PCL NVDR | 101,200 | 13,969 |
Huazhu Group Ltd. ADR | 2,100 | 80,010 |
InterContinental Hotels Group PLC (a) | 2,910 | 153,731 |
Minor International PCL NVDR (b) | 39,649 | 38,130 |
Shanghai Jinjiang International Hotels Company Ltd., Class A | 900 | 8,444 |
Tongcheng-Elong Holdings Ltd. (b) | 11,200 | 24,093 |
Trip.com Group Ltd. ADR (b) | 5,500 | 150,975 |
Whitbread PLC | 3,224 | 97,023 |
644,011 | ||
Household Appliances - 0.0% * | ||
Beijing Roborock Technology Company Ltd., Class A A Shares (a) | 64 | 5,887 |
Coway Company Ltd. (a) | 563 | 27,708 |
Ecovacs Robotics Company Ltd., Class A A Shares (a) | 400 | 7,273 |
Electrolux AB, Class B (a) | 3,884 | 52,176 |
Gree Electric Appliances Inc. of Zhuhai, Class A (a) | 1,100 | 5,533 |
Haier Smart Home Company Ltd., Class A A Shares (a) | 3,900 | 15,974 |
Haier Smart Home Company Ltd., Class H H Shares (a) | 23,800 | 88,109 |
SEB S.A. | 414 | 39,624 |
242,284 | ||
Household Products - 0.1% | ||
Essity AB, Class B (a) | 10,079 | 262,711 |
Henkel AG & Company KGaA (a) | 1,660 | 101,350 |
Kimberly-Clark de Mexico SAB de C.V., Class A (a) | 17,800 | 24,024 |
Reckitt Benckiser Group PLC | 11,748 | 880,296 |
Unicharm Corp. | 6,700 | 223,900 |
Unilever Indonesia Tbk PT | 102,200 | 32,723 |
Number of Shares | Fair Value | |
Vinda International Holdings Ltd. | 4,000 | $ 10,246 |
1,535,250 | ||
Human Resource & Employment Services - 0.1% | ||
Adecco Group AG (a) | 2,583 | 87,525 |
Persol Holdings Company Ltd. | 3,100 | 56,270 |
Randstad N.V. | 1,910 | 92,253 |
Recruit Holdings Company Ltd. | 23,700 | 696,931 |
932,979 | ||
Hypermarkets & Super Centers - 0.1% | ||
Aeon Company Ltd. (a) | 10,375 | 179,771 |
Atacadao S.A. (a) | 6,800 | 21,676 |
Berli Jucker PCL NVDR | 12,600 | 11,583 |
Carrefour S.A. (a) | 10,313 | 182,049 |
Cencosud S.A. (a) | 16,738 | 20,867 |
Coles Group Ltd. (a) | 22,108 | 270,758 |
E-MART Inc. (a) | 218 | 17,713 |
Wal-Mart de Mexico SAB de C.V. | 53,386 | 183,451 |
887,868 | ||
Independent Power Producers & Energy Traders - 0.1% | ||
AC Energy Corp. (a) | 80,880 | 11,826 |
B Grimm Power PCL NVDR | 8,800 | 8,712 |
CGN Power Company Ltd., Class H H Shares (a)(e) | 129,000 | 31,235 |
China National Nuclear Power Company Ltd., Class A (a) | 11,500 | 11,767 |
China Power International Development Ltd. (a) | 65,000 | 41,252 |
China Resources Power Holdings Company Ltd. | 20,000 | 41,290 |
Electricity Generating PCL NVDR | 2,800 | 13,978 |
GD Power Development Company Ltd., Class A (a) | 200 | 117 |
Global Power Synergy PCL NVDR | 5,698 | 10,395 |
Gulf Energy Development PCL NVDR | 30,733 | 40,421 |
Huaneng Power International Inc., Class H (a) | 32,000 | 15,945 |
Huaneng Power International Inc., Class A (a) | 7,700 | 8,086 |
NTPC Ltd. | 44,221 | 80,017 |
64 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Ratch Group PCL NVDR | 17,100 | $ 18,500 |
RWE AG | 10,590 | 388,382 |
SDIC Power Holdings Company Ltd., Class A | 7,400 | 11,590 |
Shenzhen Energy Group Company Ltd., Class A | 5,900 | 5,641 |
Uniper SE | 1,406 | 20,829 |
759,983 | ||
Industrial Conglomerates - 0.3% | ||
Aboitiz Equity Ventures Inc. (a) | 35,290 | 30,518 |
Alfa SAB de C.V., Class A (a) | 36,800 | 26,046 |
Ayala Corp. (a) | 3,560 | 38,847 |
Brookfield Business Corp., Class A (a) | 1,512 | 34,791 |
China Baoan Group Company Ltd., Class A (a) | 1,200 | 2,415 |
CITIC Ltd. (a) | 69,000 | 69,906 |
CJ Corp. (a) | 187 | 11,191 |
CK Hutchison Holdings Ltd. (a) | 44,500 | 300,846 |
DCC PLC (a) | 1,574 | 97,451 |
Far Eastern New Century Corp. (a) | 38,000 | 40,641 |
Fosun International Ltd. (a) | 31,000 | 28,642 |
Grupo Carso SAB de C.V., Class A (a) | 5,400 | 20,060 |
GS Holdings Corp. (a) | 445 | 14,343 |
GT Capital Holdings Inc. (a) | 1,070 | 9,516 |
HAP Seng Consolidated Bhd (a) | 11,200 | 18,118 |
Hitachi Ltd. (a) | 15,900 | 753,481 |
Industries Qatar QSC (a) | 16,400 | 71,828 |
Investment AB Latour, Class B B Shares (a) | 2,553 | 50,400 |
Jardine Matheson Holdings Ltd. (a) | 3,400 | 178,704 |
JG Summit Holdings Inc. (a) | 38,530 | 34,126 |
Keppel Corporation Ltd. (a) | 23,200 | 108,190 |
KOC Holding A/S (a) | 13,536 | 29,672 |
LG Corp. (a) | 1,193 | 71,576 |
Lifco AB, Class B (a) | 3,975 | 63,713 |
Melrose Industries PLC (a) | 69,460 | 126,281 |
Samsung C&T Corp. | 987 | 93,501 |
Siemens AG | 12,560 | 1,274,874 |
Siemens Ltd. | 862 | 26,201 |
Sime Darby Bhd | 24,858 | 12,013 |
SK Inc. | 454 | 75,177 |
SM Investments Corp. | 3,050 | 43,377 |
Number of Shares | Fair Value | |
Smiths Group PLC | 6,487 | $ 110,255 |
The Bidvest Group Ltd. (a) | 4,369 | 55,895 |
Toshiba Corp. | 6,400 | 259,807 |
Turkiye Sise ve Cam Fabrikalari AS | 16,723 | 21,534 |
4,203,936 | ||
Industrial Gases - 0.2% | ||
Air Liquide S.A. (a) | 8,587 | 1,150,169 |
Linde PLC (a)(b) | 5,000 | 1,437,650 |
Nippon Sanso Holdings Corp. | 2,500 | 39,803 |
2,627,622 | ||
Industrial Machinery - 0.3% | ||
Airtac International Group (a) | 1,364 | 45,461 |
Alfa Laval AB (a) | 4,913 | 118,230 |
Atlas Copco AB, A Shares (a) | 44,277 | 412,939 |
Atlas Copco AB, B Shares (a) | 25,871 | 215,958 |
Daifuku Company Ltd. (a) | 1,600 | 91,392 |
FANUC Corp. (a) | 3,200 | 500,298 |
GEA Group AG (a) | 2,585 | 88,885 |
Haitian International Holdings Ltd. (a) | 9,655 | 24,670 |
Hoshizaki Corp. (a) | 1,600 | 47,639 |
Indutrade AB (a) | 4,365 | 79,463 |
Jiangsu Hengli Hydraulic Company Ltd., Class A (a) | 900 | 8,285 |
Kone Oyj, Class B B Shares (a) | 5,623 | 266,652 |
Kornit Digital Ltd. (a)(b) | 800 | 25,360 |
Kurita Water Industries Ltd. (a) | 1,807 | 65,308 |
Luoyang Xinqianglian Slewing Bearing Company Ltd., Class A (a) | 170 | 2,258 |
Luxfer Holdings PLC (a) | 1,485 | 22,453 |
Makita Corp. (a) | 3,800 | 94,598 |
MINEBEA MITSUMI Inc. (a) | 6,100 | 103,721 |
MISUMI Group Inc. (a) | 4,500 | 94,733 |
Mitsubishi Heavy Industries Ltd. (a) | 5,100 | 178,127 |
NGK Insulators Ltd. (a) | 3,600 | 48,440 |
North Industries Group Red Arrow Company Ltd., Class A (b) | 600 | 2,609 |
Pentair PLC | 1,600 | 73,232 |
Rational AG | 88 | 51,014 |
Sandvik AB | 17,617 | 285,124 |
Schindler Holding AG | 1,047 | 189,362 |
State Street Total Return V.I.S. Fund | 65 |
Number of Shares | Fair Value | |
Shenzhen Inovance Technology Company Ltd., Class A | 1,750 | $ 17,194 |
SKF AB, Class B B Shares | 6,117 | 89,838 |
SMC Corp. | 900 | 400,596 |
Spirax-Sarco Engineering PLC | 1,167 | 139,997 |
Techtronic Industries Company Ltd. | 23,000 | 239,908 |
VAT Group AG (e) | 430 | 102,228 |
Wartsila Oyj Abp | 8,073 | 62,709 |
Wuxi Lead Intelligent Equipment Company Ltd., Class A | 640 | 6,031 |
Wuxi Shangji Automation Company Ltd., Class A | 280 | 6,515 |
Yaskawa Electric Corp. | 3,800 | 122,233 |
4,323,460 | ||
Industrial REITs - 0.1% | ||
Ascendas Real Estate Investment Trust (a) | 53,600 | 109,765 |
GLP J-Reit | 72 | 87,817 |
Goodman Group (a) | 27,765 | 340,612 |
Mapletree Logistics Trust (a) | 55,836 | 67,403 |
Nippon Prologis REIT Inc. | 34 | 83,589 |
Segro PLC | 19,911 | 236,199 |
Warehouses De Pauw CVA | 2,513 | 78,817 |
1,004,202 | ||
Insurance Brokers - 0.0% * | ||
Willis Towers Watson PLC | 1,124 | 221,866 |
Integrated Oil & Gas - 0.8% | ||
BP PLC (a) | 319,646 | 1,507,358 |
Cenovus Energy Inc. (a) | 23,023 | 437,097 |
China Petroleum & Chemical Corp., Class H (a) | 270,000 | 121,461 |
China Petroleum & Chemical Corp., Class A (a) | 19,100 | 11,624 |
Ecopetrol S.A. (a) | 48,522 | 26,272 |
Eni S.p.A. (a) | 41,565 | 492,248 |
Equinor ASA (a) | 16,091 | 557,906 |
Galp Energia SGPS S.A. (a) | 8,002 | 93,570 |
Gazprom PJSC ADR (c)** | 77,360 | — |
Gazprom PJSC (c)** | 56,590 | — |
Guanghui Energy Company Ltd., Class A (a) | 8,300 | 13,049 |
Imperial Oil Ltd. (a) | 3,900 | 183,458 |
LUKOIL PJSC ADR (c)** | 5,402 | — |
Number of Shares | Fair Value | |
LUKOIL PJSC (c)** | 2,078 | $ — |
MOL Hungarian Oil & Gas PLC (a) | 5,606 | 43,100 |
Novatek PJSC GDR (c)** | 1,641 | — |
Oil & Natural Gas Corporation Ltd. | 27,061 | 51,931 |
OMV AG | 2,339 | 109,452 |
PetroChina Company Ltd., Class H | 222,000 | 105,809 |
PetroChina Company Ltd., Class A | 11,100 | 8,775 |
Petroleo Brasileiro S.A. | 39,800 | 232,432 |
Polskie Gornictwo Naftowe i Gazownictwo S.A. | 21,589 | 27,429 |
PTT PCL NVDR | 105,641 | 101,592 |
Repsol S.A. | 23,953 | 351,835 |
Rosneft Oil Co. PJSC GDR (c)** | 15,202 | — |
Rosneft Oil Co. PJSC (c)** | 5,384 | — |
Saudi Arabian Oil Co. (e) | 26,109 | 269,990 |
Shell PLC | 124,783 | 3,233,922 |
Suncor Energy Inc. | 23,500 | 822,714 |
Surgutneftegas PJSC ADR (c)** | 9,978 | — |
Surgutneftegas PJSC (c)** | 31,000 | — |
TotalEnergies SE | 40,678 | 2,142,076 |
10,945,100 | ||
Integrated Telecommunication Services - 0.4% | ||
BCE Inc. (a) | 1,247 | 61,163 |
BT Group PLC (a) | 115,000 | 260,190 |
Cellnex Telecom S.A. (a)(e) | 8,969 | 347,217 |
China Tower Corp Ltd., Class H H Shares (a)(e) | 460,000 | 59,208 |
Chunghwa Telecom Company Ltd. (a) | 39,071 | 160,313 |
Deutsche Telekom AG (a) | 53,243 | 1,054,589 |
Elisa Oyj (a) | 2,263 | 126,857 |
Emirates Telecommunications Group Co. PJSC (a) | 37,615 | 267,281 |
Hellenic Telecommunications Organization S.A. (a) | 3,106 | 53,806 |
HKT Trust & HKT Ltd. (a) | 63,815 | 85,716 |
Indus Towers Ltd. (a) | 6,486 | 17,173 |
Infrastrutture Wireless Italiane S.p.A. (a)(e) | 5,760 | 58,315 |
Koninklijke KPN N.V. (a) | 54,847 | 195,013 |
LG Uplus Corp. (a) | 1,535 | 15,073 |
Nippon Telegraph & Telephone Corp. | 19,709 | 565,208 |
Ooredoo QPSC | 1,718 | 3,633 |
66 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Operadora De Sites Mexicanos SAB de CV | 10,200 | $ 11,785 |
Orange Polska S.A. | 10,421 | 14,533 |
Orange S.A. | 32,908 | 386,009 |
Proximus SADP | 2,160 | 31,761 |
Sarana Menara Nusantara Tbk PT | 287,200 | 21,206 |
Saudi Telecom Co. | 6,185 | 160,061 |
Singapore Telecommunications Ltd. | 136,700 | 248,510 |
Spark New Zealand Ltd. | 31,480 | 93,949 |
Swisscom AG | 429 | 236,334 |
Telecom Italia S.p.A. (b) | 141,467 | 36,930 |
Telefonica Brasil S.A. | 4,887 | 43,978 |
Telefonica Deutschland Holding AG | 17,916 | 51,321 |
Telefonica S.A. | 90,908 | 462,086 |
Telekom Malaysia Bhd | 11,900 | 14,175 |
Telenor ASA | 11,099 | 147,167 |
Telia Co AB | 42,075 | 160,870 |
Telkom Indonesia Persero Tbk PT | 559,000 | 150,092 |
Telstra Corporation Ltd. | 68,337 | 180,919 |
TELUS Corp. | 7,539 | 167,559 |
Tower Bersama Infrastructure Tbk PT | 80,200 | 15,827 |
True Corp PCL NVDR | 122,700 | 15,964 |
United Internet AG | 1,388 | 39,513 |
6,021,304 | ||
Interactive Home Entertainment - 0.2% | ||
37 Interactive Entertainment Network Technology Group Co Ltd., Class A A Shares (a) | 3,000 | 9,500 |
Bilibili Inc. ADR (b) | 2,200 | 56,320 |
Capcom Company Ltd. (a) | 3,000 | 72,761 |
CD Projekt S.A. (a) | 697 | 14,833 |
Embracer Group AB (a)(b) | 10,795 | 82,158 |
Kakao Games Corp. (a)(b) | 347 | 13,135 |
Kingsoft Corporation Ltd. (a) | 9,800 | 38,216 |
Koei Tecmo Holdings Company Ltd. (a) | 790 | 25,470 |
Konami Holdings Corp. (a) | 1,500 | 82,919 |
Krafton Inc. (a)(b) | 266 | 44,866 |
Kunlun Tech Co Ltd., Class A A Shares (a) | 2,800 | 6,682 |
NCSoft Corp. (a) | 200 | 53,836 |
NetEase Inc. (a) | 22,070 | 405,290 |
Netmarble Corp. (a)(e) | 299 | 15,867 |
Number of Shares | Fair Value | |
Nexon Company Ltd. (a) | 8,200 | $ 167,676 |
Nintendo Company Ltd. (a) | 1,800 | 777,476 |
Pearl Abyss Corp. (b) | 358 | 14,089 |
Perfect World Company Ltd., Class A A Shares | 3,300 | 7,073 |
Playtika Holding Corp. (b) | 1,200 | 15,888 |
Sea Ltd. ADR (b) | 5,900 | 394,474 |
Square Enix Holdings Company Ltd. | 1,500 | 66,358 |
UbiSoft Entertainment S.A. (b) | 1,594 | 69,824 |
Zhejiang Century Huatong Group Company Ltd., Class A (b) | 8,600 | 6,183 |
2,440,894 | ||
Interactive Media & Services - 0.3% | ||
Adevinta ASA (a)(b) | 5,123 | 36,894 |
Auto Trader Group PLC (a)(e) | 15,871 | 106,974 |
Autohome Inc. ADR | 800 | 31,464 |
Baidu Inc., Class A (a)(b) | 23,800 | 450,404 |
Info Edge India Ltd. (a) | 633 | 30,128 |
JOYY Inc. ADR | 400 | 11,944 |
Kakaku.com Inc. (a) | 2,000 | 32,947 |
Kakao Corp. (a) | 3,136 | 168,828 |
Kanzhun Ltd. (b) | 800 | 21,024 |
Kuaishou Technology (a)(b)(e) | 18,100 | 201,599 |
NAVER Corp. (a) | 1,325 | 244,917 |
REA Group Ltd. | 901 | 69,287 |
Scout24 SE (e) | 1,361 | 69,706 |
Seek Ltd. | 5,696 | 82,254 |
Tencent Holdings Ltd. | 66,675 | 3,011,313 |
VK Co Ltd. GDR (b)(c)** | 1,600 | — |
Weibo Corp. ADR (b) | 700 | 16,191 |
Yandex N.V., Class A A Shares (b)(c)** | 4,697 | — |
Yandex NV, Class A (b)(c)** | 865 | — |
Z Holdings Corp. | 42,196 | 123,120 |
4,708,994 | ||
Internet & Direct Marketing Retail - 0.4% | ||
Alibaba Group Holding Ltd. (a)(b) | 161,800 | 2,307,319 |
Alibaba Health Information Technology Ltd. (a)(b) | 42,000 | 28,903 |
Allegro.eu S.A. (a)(b)(e) | 3,775 | 20,022 |
Americanas S.A. (a) | 7,268 | 18,665 |
China Ruyi Holdings Ltd. (a)(b) | 40,000 | 14,681 |
Delivery Hero SE (a)(b)(e) | 2,602 | 97,304 |
State Street Total Return V.I.S. Fund | 67 |
Number of Shares | Fair Value | |
JD Health International Inc. (a)(b)(e) | 11,600 | $ 90,988 |
JD.com Inc., Class A (a) | 21,376 | 688,656 |
Just Eat Takeaway.com N.V. (a)(b)(e) | 3,133 | 49,347 |
Meituan, Class B (a)(b)(e) | 43,600 | 1,079,033 |
Naspers Ltd., Class N (a) | 2,246 | 324,609 |
Ozon Holdings PLC ADR (b)(c)** | 1,300 | — |
Pinduoduo Inc. ADR (b) | 4,657 | 287,803 |
Ping An Healthcare & Technology Company Ltd. (b)(e) | 3,500 | 10,370 |
Prosus N.V. | 13,641 | 891,026 |
Rakuten Group Inc. | 14,800 | 66,671 |
Vipshop Holdings Ltd. ADR (b) | 4,634 | 45,830 |
Zalando SE (b)(e) | 3,542 | 92,427 |
Zomato Ltd. (b) | 16,846 | 11,487 |
ZOZO Inc. | 1,900 | 34,195 |
6,159,336 | ||
Internet Services & Infrastructure - 0.1% | ||
GDS Holdings Ltd. ADR (b) | 1,100 | 36,729 |
Shopify Inc., Class A (b) | 18,750 | 584,615 |
Tucows Inc., Class A (b) | 533 | 23,724 |
Wix.com Ltd. (b) | 1,600 | 104,880 |
749,948 | ||
Investment Banking & Brokerage - 0.1% | ||
China Galaxy Securities Company Ltd., Class H H Shares (a) | 33,000 | 19,051 |
China Galaxy Securities Company Ltd., Class A (a) | 2,700 | 3,894 |
China International Capital Corporation Ltd., Class H H Shares (a)(e) | 18,000 | 38,354 |
China International Capital Corporation Ltd., Class A A Shares (a) | 1,200 | 7,963 |
China Merchants Securities Company Ltd., Class A (a) | 3,400 | 7,308 |
CITIC Securities Company Ltd., Class H H Shares | 23,425 | 52,361 |
CITIC Securities Company Ltd., Class A (a) | 6,590 | 21,291 |
CSC Financial Company Ltd., Class A A Shares (a) | 4,000 | 17,249 |
Daiwa Securities Group Inc. (a) | 22,800 | 101,702 |
Number of Shares | Fair Value | |
Everbright Securities Company Ltd., Class A (a) | 3,600 | $ 8,463 |
Founder Securities Company Ltd., Class A A Shares (a) | 7,100 | 7,106 |
Futu Holdings Ltd. ADR (b) | 1,000 | 52,210 |
GF Securities Company Ltd., Class H H Shares (a) | 14,200 | 18,784 |
GF Securities Company Ltd., Class A (a) | 3,200 | 8,926 |
Guosen Securities Company Ltd., Class A (a) | 6,800 | 9,707 |
Guotai Junan Securities Company Ltd., Class A (a) | 4,100 | 9,296 |
Haitong Securities Company Ltd., Class H H Shares (a) | 30,400 | 22,315 |
Haitong Securities Company Ltd., Class A A Shares (a) | 4,400 | 6,438 |
Huatai Securities Company Ltd, Class H H Shares (a)(e) | 20,000 | 29,668 |
Huatai Securities Company Ltd., Class A A Shares (a) | 4,600 | 9,743 |
Industrial Securities Company Ltd., Class A (a) | 7,500 | 7,887 |
Korea Investment Holdings Company Ltd. (a) | 530 | 25,186 |
Meritz Securities Company Ltd. (a) | 3,355 | 11,731 |
NH Investment & Securities Company Ltd. (a) | 1,321 | 9,207 |
Nomura Holdings Inc. | 48,400 | 176,670 |
Orient Securities Company Ltd., Class A | 8,192 | 12,476 |
Samsung Securities Company Ltd. | 735 | 18,935 |
SBI Holdings Inc. | 4,100 | 80,126 |
Shenwan Hongyuan Group Company Ltd., Class A | 26,200 | 16,765 |
SooChow Securities Company Ltd., Class A | 2,100 | 2,171 |
Zheshang Securities Company Ltd., Class A A Shares (b) | 4,800 | 8,148 |
Zhongtai Securities Company Ltd., Class A | 7,200 | 8,216 |
829,347 | ||
IT Consulting & Other Services - 0.4% | ||
Accenture PLC, Class A (a) | 6,277 | 1,742,809 |
Bechtle AG (a) | 1,405 | 57,300 |
Capgemini SE (a) | 2,697 | 460,860 |
CGI Inc. (a)(b) | 3,600 | 286,169 |
Chinasoft International Ltd. (a) | 28,000 | 28,653 |
68 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Fujitsu Ltd. (a) | 3,200 | $ 399,603 |
Globant S.A. (a)(b) | 400 | 69,600 |
HCL Technologies Ltd. (a) | 10,442 | 128,686 |
Infosys Ltd. (a) | 35,963 | 665,729 |
Itochu Techno-Solutions Corp. (a) | 1,432 | 35,048 |
Larsen & Toubro Infotech Ltd. (a)(e) | 478 | 24,062 |
Mindtree Ltd. (a) | 554 | 20,253 |
Mphasis Ltd. (a) | 738 | 21,438 |
NEC Corp. (a) | 3,940 | 152,838 |
Nomura Research Institute Ltd. | 5,360 | 142,428 |
NTT Data Corp. | 10,000 | 138,089 |
Obic Company Ltd. | 1,100 | 155,379 |
Otsuka Corp. | 1,700 | 50,366 |
Samsung SDS Company Ltd. | 308 | 30,838 |
SCSK Corp. | 2,400 | 40,561 |
Tata Consultancy Services Ltd. | 9,225 | 381,639 |
Tech Mahindra Ltd. | 5,679 | 71,911 |
TIS Inc. | 3,600 | 94,204 |
Wipro Ltd. | 13,332 | 70,237 |
5,268,700 | ||
Leisure Facilities - 0.0% * | ||
Oriental Land Company Ltd. | 3,300 | 459,578 |
Shenzhen Overseas Chinese Town Company Ltd., Class A | 7,300 | 7,067 |
Songcheng Performance Development Company Ltd., Class A A Shares | 2,387 | 5,465 |
472,110 | ||
Leisure Products - 0.0% * | ||
Bandai Namco Holdings Inc. (a) | 3,300 | 232,680 |
BRP Inc. (a) | 700 | 42,989 |
Giant Manufacturing Company Ltd. (a) | 2,000 | 16,143 |
HLB Inc. (a)(b) | 1,129 | 30,782 |
Shimano Inc. | 1,200 | 202,451 |
Yamaha Corp. | 2,300 | 94,807 |
619,852 | ||
Life & Health Insurance - 0.5% | ||
Aegon N.V. (a) | 28,395 | 122,542 |
AIA Group Ltd. (a) | 198,400 | 2,150,379 |
Number of Shares | Fair Value | |
Bupa Arabia for Cooperative Insurance Co. (a) | 563 | $ 23,918 |
Cathay Financial Holding Company Ltd. (a) | 80,000 | 136,950 |
China Development Financial Holding Corp. (a) | 163,120 | 80,645 |
China Life Insurance Company Ltd., Class H | 79,000 | 137,524 |
China Life Insurance Company Ltd., Class A (a) | 1,200 | 5,563 |
China Taiping Insurance Holdings Company Ltd. (a) | 15,000 | 18,504 |
Dai-ichi Life Holdings Inc. (a) | 16,600 | 306,695 |
Discovery Ltd. (a)(b) | 5,021 | 39,261 |
Fubon Financial Holding Company Ltd. (a) | 72,364 | 145,538 |
Great-West Lifeco Inc. (a) | 4,481 | 109,181 |
HDFC Life Insurance Company Ltd. (a)(e) | 9,848 | 68,586 |
iA Financial Corporation Inc. | 1,698 | 84,271 |
ICICI Prudential Life Insurance Company Ltd. (a)(e) | 4,451 | 27,561 |
Japan Post Holdings Company Ltd. (a) | 40,500 | 288,900 |
Japan Post Insurance Company Ltd. (a) | 3,200 | 51,137 |
Legal & General Group PLC (a) | 98,692 | 287,056 |
Manulife Financial Corp. (a) | 32,000 | 553,696 |
Medibank Private Ltd. (a) | 46,280 | 103,429 |
New China Life Insurance Company Ltd., Class H H Shares (a) | 7,800 | 21,918 |
New China Life Insurance Company Ltd., Class A (a) | 1,600 | 7,682 |
NN Group N.V. | 4,641 | 210,283 |
Old Mutual Ltd. | 46,818 | 31,522 |
Phoenix Group Holdings PLC | 12,010 | 86,113 |
Ping An Insurance Group Company of China Ltd., Class H H Shares | 67,500 | 458,920 |
Ping An Insurance Group Company of China Ltd., Class A | 7,400 | 51,536 |
Poste Italiane S.p.A. (e) | 8,834 | 82,307 |
Power Corporation of Canada | 9,280 | 238,268 |
Prudential PLC | 45,227 | 558,047 |
Samsung Life Insurance Company Ltd. | 631 | 30,423 |
Sanlam Ltd. | 16,696 | 53,882 |
SBI Life Insurance Company Ltd. (e) | 4,902 | 67,137 |
State Street Total Return V.I.S. Fund | 69 |
Number of Shares | Fair Value | |
Shin Kong Financial Holding Company Ltd. | 123,263 | $ 36,315 |
Sun Life Financial Inc. | 9,690 | 443,053 |
Swiss Life Holding AG | 522 | 253,544 |
T&D Holdings Inc. | 8,900 | 106,390 |
7,478,676 | ||
Life Sciences Tools & Services - 0.2% | ||
AbCellera Biologics Inc. (a)(b) | 12,058 | 128,418 |
Bachem Holding AG | 473 | 32,782 |
Divi's Laboratories Ltd. (a) | 1,372 | 63,071 |
Eurofins Scientific SE (a) | 2,238 | 175,666 |
Genscript Biotech Corp. (a)(b) | 12,000 | 43,507 |
Hangzhou Tigermed Consulting Company Ltd., Class A (a) | 500 | 8,536 |
Hangzhou Tigermed Consulting Company Ltd., Class H H Shares (a)(e) | 1,500 | 17,338 |
Joinn Laboratories China Company Ltd., Class A (a) | 560 | 9,506 |
Lonza Group AG (a) | 1,225 | 651,303 |
Pharmaron Beijing Company Ltd., Class H H Shares (e) | 1,950 | 19,520 |
Pharmaron Beijing Company Ltd., Class A A Shares | 450 | 6,391 |
QIAGEN N.V. (b) | 5,753 | 269,831 |
Samsung Biologics Company Ltd. (b)(e) | 187 | 113,778 |
Sartorius Stedim Biotech | 438 | 137,052 |
WuXi AppTec Company Ltd., Class H H Shares (e) | 3,708 | 49,380 |
WuXi AppTec Company Ltd., Class A A Shares | 1,420 | 22,026 |
Wuxi Biologics Cayman Inc. (b)(e) | 38,500 | 352,277 |
2,100,382 | ||
Managed Healthcare - 0.0% * | ||
Hapvida Participacoes e Investimentos S.A. (a)(e) | 53,925 | 56,405 |
Marine - 0.1% | ||
AP Moller - Maersk A/S, Class B (a) | 89 | 207,131 |
AP Moller - Maersk A/S, Class A (a) | 50 | 114,925 |
COSCO SHIPPING Holdings Company Ltd., Class H H Shares (a) | 33,682 | 47,044 |
Number of Shares | Fair Value | |
COSCO SHIPPING Holdings Company Ltd., Class A (a) | 8,910 | $ 18,473 |
Costamare Inc. (a) | 2,896 | 35,041 |
Evergreen Marine Corporation Taiwan Ltd. (a) | 26,000 | 73,977 |
Golden Ocean Group Ltd. (a) | 7,148 | 83,203 |
HMM Company Ltd. (a) | 2,865 | 54,281 |
Kuehne + Nagel International AG (a) | 902 | 212,934 |
MISC Bhd (a) | 19,075 | 30,728 |
Mitsui OSK Lines Ltd. (a) | 5,500 | 125,704 |
Nippon Yusen KK | 2,600 | 177,410 |
Orient Overseas International Ltd. | 1,500 | 39,761 |
Pan Ocean Company Ltd. | 2,635 | 12,055 |
Safe Bulkers Inc. | 4,267 | 16,300 |
SITC International Holdings Company Ltd. | 23,000 | 65,070 |
Wan Hai Lines Ltd. | 5,800 | 23,213 |
Yang Ming Marine Transport Corp. | 18,000 | 49,822 |
ZIM Integrated Shipping Services Ltd. | 1,400 | 66,122 |
1,453,194 | ||
Marine Ports & Services - 0.0% * | ||
Adani Ports & Special Economic Zone Ltd. (a) | 5,450 | 46,379 |
China Merchants Port Holdings Company Ltd. (a) | 12,000 | 20,400 |
COSCO SHIPPING Ports Ltd. (a) | 18,958 | 13,385 |
International Container Terminal Services Inc. (a) | 11,170 | 37,379 |
Shanghai International Port Group Company Ltd., Class A | 3,100 | 2,696 |
120,239 | ||
Metal & Glass Containers - 0.0% * | ||
CCL Industries Inc., Class B (a) | 2,500 | 117,912 |
Motorcycle Manufacturers - 0.0% * | ||
Bajaj Auto Ltd. (a) | 716 | 33,606 |
Eicher Motors Ltd. (a) | 1,613 | 57,074 |
Hero MotoCorp Ltd. (a) | 1,233 | 42,463 |
Yadea Group Holdings Ltd. (e) | 14,000 | 27,404 |
Yamaha Motor Company Ltd. | 4,800 | 87,835 |
248,382 |
70 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Movies & Entertainment - 0.1% | ||
Alibaba Pictures Group Ltd. (a)(b) | 100,000 | $ 9,813 |
Beijing Enlight Media Company Ltd., Class A (a) | 5,600 | 7,910 |
Bollore SE (a) | 14,990 | 69,267 |
CJ ENM Company Ltd. (a) | 130 | 9,381 |
HYBE Company Ltd. (a)(b) | 214 | 23,981 |
IMAX Corp. (b) | 2,754 | 46,515 |
iQIYI Inc. ADR (b) | 4,000 | 16,800 |
Mango Excellent Media Company Ltd., Class A (a) | 1,600 | 7,962 |
Spotify Technology S.A. (b) | 1,395 | 130,893 |
Tencent Music Entertainment Group ADR (b) | 8,400 | 42,168 |
Toho Company Ltd. | 1,900 | 68,599 |
Universal Music Group N.V. | 12,016 | 240,364 |
673,653 | ||
Multi-Line Insurance - 0.3% | ||
Ageas SA (a) | 2,718 | 119,287 |
Allianz SE (a) | 6,707 | 1,276,995 |
Assicurazioni Generali S.p.A. (a) | 18,291 | 291,137 |
Aviva PLC (a) | 46,866 | 228,406 |
AXA S.A. (a) | 31,853 | 721,293 |
Baloise Holding AG (a) | 730 | 118,877 |
BB Seguridade Participacoes S.A. (a) | 6,203 | 30,793 |
China Pacific Insurance Group Company Ltd., Class H H Shares (a) | 27,089 | 66,213 |
China Pacific Insurance Group Company Ltd., Class A (a) | 4,400 | 15,443 |
Gjensidige Forsikring ASA (a) | 3,412 | 68,898 |
Powszechny Zaklad Ubezpieczen S.A. | 7,748 | 51,667 |
Sampo Oyj, Class A | 8,231 | 357,284 |
ZhongAn Online P&C Insurance Company Ltd., Class H H Shares (b)(e) | 5,600 | 18,234 |
Zurich Insurance Group AG | 2,472 | 1,072,099 |
4,436,626 | ||
Multi-Sector Holdings - 0.1% | ||
Eurazeo S.E. (a) | 753 | 46,525 |
EXOR N.V. (a) | 1,726 | 107,328 |
Groupe Bruxelles Lambert S.A. (a) | 1,696 | 141,279 |
Industrivarden AB, Class A A Shares (a) | 2,246 | 50,455 |
Number of Shares | Fair Value | |
Industrivarden AB, Class C C Shares (a) | 2,322 | $ 51,550 |
Investor AB, Class B B Shares (a) | 30,009 | 492,507 |
Investor AB, Class A A Shares (a) | 7,896 | 141,509 |
Kinnevik AB, Class B (a)(b) | 4,123 | 66,307 |
L E Lundbergforetagen AB, Class B (a) | 1,306 | 53,005 |
Metro Pacific Investments Corp. (a) | 108,000 | 6,934 |
Remgro Ltd. | 4,910 | 38,935 |
Sofina S.A. | 265 | 54,024 |
Wendel SE | 407 | 33,933 |
1,284,291 | ||
Multi-Utilities - 0.1% | ||
Algonquin Power & Utilities Corp. (a) | 10,651 | 142,844 |
Canadian Utilities Ltd., Class A (a) | 2,200 | 65,474 |
E.ON SE (a) | 37,062 | 310,282 |
Engie S.A. (a) | 30,138 | 345,514 |
National Grid PLC (a) | 59,930 | 765,666 |
Qatar Electricity & Water Co. QSC | 5,078 | 24,430 |
Veolia Environnement S.A. | 10,994 | 267,688 |
1,921,898 | ||
Office REITs - 0.0% * | ||
City Office REIT Inc. (a) | 2,323 | 30,083 |
Covivio (a) | 743 | 41,130 |
Dexus (a) | 17,124 | 104,565 |
Japan Real Estate Investment Corp. (a) | 21 | 96,456 |
Nippon Building Fund Inc. (a) | 24 | 119,421 |
391,655 | ||
Office Services & Supplies - 0.0% * | ||
Shanghai M&G Stationery Inc., Class A | 1,000 | 8,365 |
Oil & Gas Drilling - 0.0% * | ||
Borr Drilling Ltd. (a)(b) | 7,825 | 36,073 |
China Oilfield Services Ltd., Class H (a) | 18,000 | 17,640 |
53,713 | ||
Oil & Gas Equipment & Services - 0.0% * | ||
Dialog Group Bhd (a) | 38,500 | 18,606 |
State Street Total Return V.I.S. Fund | 71 |
Number of Shares | Fair Value | |
Offshore Oil Engineering Company Ltd., Class A | 14,500 | $ 8,976 |
Tenaris S.A. | 7,512 | 96,361 |
Yantai Jereh Oilfield Services Group Company Ltd., Class A | 500 | 3,006 |
126,949 | ||
Oil & Gas Exploration & Production - 0.2% | ||
Aker BP ASA (a) | 1,798 | 62,258 |
ARC Resources Ltd. | 10,900 | 137,143 |
Canadian Natural Resources Ltd. (a) | 19,300 | 1,034,909 |
Inpex Corp. (a) | 17,300 | 187,192 |
Lundin Energy MergerCo AB (a) | 3,172 | 129,066 |
Lundin Petroleum AB | 3,172 | 2,164 |
Petro Rio S.A. (b) | 7,200 | 30,276 |
PTT Exploration & Production PCL NVDR | 14,699 | 66,313 |
Santos Ltd. | 53,214 | 271,517 |
Tatneft PJSC ADR (c)** | 3,383 | — |
Tatneft PJSC (c)** | 4,926 | — |
Tourmaline Oil Corp. | 5,200 | 269,806 |
Woodside Energy Group Ltd. | 30,995 | 678,629 |
2,869,273 | ||
Oil & Gas Refining & Marketing - 0.2% | ||
Ampol Ltd. (a) | 4,011 | 94,412 |
Bharat Petroleum Corporation Ltd. (a) | 8,844 | 34,537 |
Cosan S.A. (a) | 14,636 | 50,937 |
Empresas Copec SA (a) | 4,726 | 34,151 |
ENEOS Holdings Inc. (a) | 51,000 | 192,843 |
Formosa Petrochemical Corp. (a) | 14,000 | 44,166 |
HD Hyundai Co Ltd. (a) | 485 | 22,188 |
Hindustan Petroleum Corporation Ltd. (a) | 6,187 | 17,016 |
Idemitsu Kosan Company Ltd. (a) | 3,500 | 84,244 |
Indian Oil Corporation Ltd. (a) | 24,205 | 22,758 |
Indian Oil Corporation Ltd. | 12,103 | 11,379 |
Neste Oyj (a) | 6,986 | 308,500 |
Parkland Corp. | 2,607 | 70,654 |
PETRO RABIGH | 2,809 | 12,772 |
Petronas Dagangan Bhd | 3,100 | 14,855 |
Polski Koncern Naftowy ORLEN S.A. | 3,143 | 47,902 |
Qatar Fuel QSC | 3,749 | 18,376 |
Number of Shares | Fair Value | |
Rabigh Refining & Petrochemical Co. (b) | 3,096 | $ 14,077 |
Reliance Industries Ltd. | 32,437 | 1,066,132 |
SK Innovation Company Ltd. (b) | 587 | 86,802 |
S-Oil Corp. | 483 | 38,688 |
Thai Oil PCL NVDR | 14,900 | 21,704 |
Tupras Turkiye Petrol Rafinerileri A/S (b) | 1,432 | 22,685 |
2,331,778 | ||
Oil & Gas Storage & Transportation - 0.2% | ||
Ardmore Shipping Corp. (a)(b) | 2,030 | 14,149 |
China Suntien Green Energy Corporation Ltd., Class H H Shares (a) | 18,000 | 9,176 |
DHT Holdings Inc. (a) | 7,742 | 47,459 |
Enbridge Inc. (a) | 33,300 | 1,403,301 |
FLEX LNG Ltd. (a)(b) | 1,660 | 45,467 |
Frontline Ltd. (b) | 7,525 | 66,672 |
Golar LNG Ltd. (a)(b) | 5,878 | 133,725 |
Keyera Corp. | 3,500 | 79,771 |
Nordic American Tankers Ltd. | 11,931 | 25,413 |
Pembina Pipeline Corp. | 9,100 | 320,981 |
Petronet LNG Ltd. | 9,652 | 26,558 |
Qatar Gas Transport Company Ltd. | 29,180 | 29,975 |
Scorpio Tankers Inc. | 2,890 | 99,734 |
SFL Corporation Ltd. | 6,932 | 65,785 |
TC Energy Corp. | 16,100 | 832,240 |
Teekay Corp. (b) | 4,823 | 13,890 |
Teekay Tankers Ltd., Class A (b) | 1,583 | 27,908 |
Ultrapar Participacoes S.A. | 6,400 | 15,065 |
3,257,269 | ||
Other Diversified Financial Services - 0.1% | ||
Bajaj Finserv Ltd. (a) | 442 | 61,184 |
FirstRand Ltd. (a) | 51,757 | 197,045 |
M&G PLC (a) | 41,478 | 98,026 |
Meritz Financial Group Inc. (a) | 601 | 11,965 |
ORIX Corp. | 19,700 | 330,037 |
Yuanta Financial Holding Company Ltd. | 108,000 | 71,555 |
769,812 | ||
Packaged Foods & Meats - 0.7% | ||
Ajinomoto Company Inc. (a) | 7,400 | 179,751 |
Almarai Co. JSC (a) | 3,125 | 43,642 |
72 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Angel Yeast Company Ltd., Class A A Shares (a) | 1,600 | $ 11,635 |
Associated British Foods PLC (a) | 5,674 | 108,737 |
Barry Callebaut AG (a) | 57 | 126,819 |
BRF S.A. (a)(b) | 6,804 | 17,682 |
Britannia Industries Ltd. (a) | 1,507 | 66,148 |
Charoen Pokphand Foods PCL NVDR | 40,573 | 29,837 |
China Feihe Ltd. (a)(e) | 36,568 | 42,035 |
China Huishan Dairy Holdings Company Ltd. (c) | 55,000 | — |
China Mengniu Dairy Company Ltd. (a) | 34,000 | 169,633 |
Chocoladefabriken Lindt & Spruengli AG (a) | 19 | 381,543 |
CJ CheilJedang Corp. (a) | 103 | 30,065 |
Dali Foods Group Company Ltd. (a)(e) | 17,117 | 9,096 |
Danone S.A. (a) | 10,753 | 598,734 |
Foshan Haitian Flavouring & Food Company Ltd., Class A (a) | 2,904 | 39,140 |
Gruma SAB de CV, Class B (a) | 2,545 | 28,073 |
Grupo Bimbo SAB de CV, Class A (a) | 14,381 | 46,595 |
Guangdong Haid Group Company Ltd., Class A (a) | 1,800 | 16,112 |
Henan Shuanghui Investment & Development Company Ltd., Class A (a) | 3,185 | 13,920 |
Indofood CBP Sukses Makmur Tbk PT (a) | 27,600 | 17,693 |
Indofood Sukses Makmur Tbk PT (a) | 52,836 | 25,004 |
Inner Mongolia Yili Industrial Group Company Ltd., Class A (a) | 4,000 | 23,239 |
JBS S.A. (a) | 9,100 | 54,971 |
JDE Peet's N.V. (a) | 1,427 | 40,519 |
Kerry Group PLC, Class A (a) | 2,635 | 251,620 |
Kikkoman Corp. (a) | 2,400 | 127,194 |
Marico Ltd. (a) | 6,935 | 41,967 |
MEIJI Holdings Company Ltd. (a) | 1,900 | 93,143 |
Monde Nissin Corp. (a)(b)(e) | 81,900 | 19,363 |
Mowi ASA (a) | 6,893 | 156,352 |
Muyuan Foods Company Ltd., Class A A Shares (a) | 3,920 | 32,317 |
Nestle India Ltd. (a) | 367 | 81,186 |
Nestle Malaysia Bhd (a) | 839 | 25,241 |
Number of Shares | Fair Value | |
Nestle S.A. (a) | 46,153 | $ 5,372,424 |
Nisshin Seifun Group Inc. | 3,000 | 35,067 |
Nissin Foods Holdings Company Ltd. | 1,100 | 75,868 |
Orion Corp. | 335 | 26,833 |
Orkla ASA | 12,640 | 100,713 |
PPB Group Bhd | 8,587 | 30,900 |
QL Resources Bhd | 12,588 | 14,851 |
Salmar ASA | 1,003 | 70,303 |
Saputo Inc. | 4,200 | 91,394 |
Tata Consumer Products Ltd. | 6,886 | 61,590 |
Thai Union Group PCL NVDR | 28,434 | 13,753 |
The Savola Group | 3,575 | 32,014 |
Tingyi Cayman Islands Holding Corp. | 24,000 | 41,106 |
Uni-President China Holdings Ltd. | 12,000 | 10,292 |
Uni-President Enterprises Corp. | 64,000 | 144,214 |
Universal Robina Corp. | 12,120 | 24,467 |
Want Want China Holdings Ltd. | 53,000 | 46,064 |
Wens Foodstuffs Group Company Ltd., Class A (b) | 3,400 | 10,797 |
WH Group Ltd. (e) | 140,166 | 108,247 |
Yakult Honsha Company Ltd. | 2,000 | 115,270 |
Yihai International Holding Ltd. | 7,364 | 26,558 |
Yihai Kerry Arawana Holdings Company Ltd., Class A (b) | 1,000 | 8,058 |
9,409,789 | ||
Paper Packaging - 0.0% * | ||
Amcor PLC (a) | 15,000 | 186,450 |
Klabin S.A. (a) | 5,700 | 22,017 |
SCG Packaging PCL NVDR | 14,842 | 23,299 |
Smurfit Kappa Group PLC | 3,901 | 130,832 |
362,598 | ||
Paper Products - 0.1% | ||
Empresas CMPC S.A. (a) | 11,722 | 19,081 |
Holmen AB, Class B (a) | 1,597 | 64,660 |
Indah Kiat Pulp & Paper Corp. Tbk PT (a) | 24,700 | 12,601 |
Mondi PLC (a) | 7,702 | 136,096 |
Nine Dragons Paper Holdings Ltd. (a) | 14,310 | 12,109 |
Oji Holdings Corp. | 12,100 | 52,371 |
Resolute Forest Products Inc. (b) | 2,676 | 34,146 |
State Street Total Return V.I.S. Fund | 73 |
Number of Shares | Fair Value | |
Stora Enso Oyj, Class R | 9,186 | $ 143,716 |
Suzano SA | 7,800 | 74,115 |
UPM-Kymmene Oyj | 8,826 | 267,679 |
816,574 | ||
Personal Products - 0.3% | ||
Amorepacific Corp. (a) | 276 | 27,634 |
AMOREPACIFIC Group (a) | 158 | 4,539 |
Beiersdorf AG (a) | 1,597 | 162,751 |
By-health Company Ltd., Class A (a) | 2,900 | 9,365 |
Colgate-Palmolive India Ltd. (a) | 449 | 8,454 |
Dabur India Ltd. (a) | 6,264 | 39,338 |
Godrej Consumer Products Ltd. (a)(b) | 4,487 | 43,042 |
Hengan International Group Company Ltd. (a) | 5,980 | 28,083 |
Hindustan Unilever Ltd. (a) | 8,432 | 238,164 |
Kao Corp. (a) | 7,800 | 314,170 |
Kobayashi Pharmaceutical Company Ltd. (a) | 800 | 49,229 |
Kose Corp. (a) | 500 | 45,416 |
LG Household & Health Care Ltd. (a) | 90 | 47,135 |
L'Oreal S.A. (a) | 3,956 | 1,361,919 |
Natura & Co. Holding S.A. (a) | 8,400 | 21,556 |
Proya Cosmetics Company Ltd., Class A | 280 | 6,899 |
Shiseido Company Ltd. | 6,600 | 264,573 |
Unilever PLC | 42,025 | 1,899,096 |
4,571,363 | ||
Pharmaceuticals - 1.7% | ||
Aspen Pharmacare Holdings Ltd. (a) | 4,082 | 34,644 |
Astellas Pharma Inc. (a) | 30,700 | 477,940 |
AstraZeneca PLC (a) | 25,411 | 3,332,922 |
Asymchem Laboratories Tianjin Company Ltd., Class A A Shares (a) | 166 | 7,156 |
Aurobindo Pharma Ltd. (a) | 3,446 | 22,389 |
Bayer AG (a) | 16,139 | 957,009 |
Betta Pharmaceuticals Company Ltd., Class A (a) | 600 | 5,441 |
CanSino Biologics Inc., Class H H Shares (a)(b)(e) | 1,145 | 11,724 |
CanSino Biologics Inc., Class A A Shares (a)(b) | 114 | 3,385 |
Celltrion Pharm Inc. (a)(b) | 216 | 13,092 |
Number of Shares | Fair Value | |
Changchun High & New Technology Industry Group Inc., Class A (a) | 300 | $ 10,445 |
China Medical System Holdings Ltd. (a) | 10,000 | 15,598 |
China Traditional Chinese Medicine Holdings Company Ltd. (a) | 30,000 | 18,542 |
Chugai Pharmaceutical Company Ltd. (a) | 11,100 | 283,516 |
Cipla Ltd. (a) | 5,279 | 61,311 |
CSPC Pharmaceutical Group Ltd. (a) | 90,000 | 89,347 |
Daiichi Sankyo Company Ltd. (a) | 28,800 | 728,612 |
Dong-E-E-Jiao Company Ltd., Class A A Shares (a) | 1,800 | 9,921 |
Dr Reddy's Laboratories Ltd. (a) | 1,264 | 70,325 |
Eisai Company Ltd. (a) | 4,000 | 168,562 |
Endo International PLC (a)(b) | 16,064 | 7,481 |
GSK PLC (a) | 83,428 | 1,788,891 |
Guangzhou Baiyunshan Pharmaceutical Holdings Company Ltd., Class A (a) | 900 | 4,241 |
Hanmi Pharm Company Ltd. (a) | 83 | 19,689 |
Hansoh Pharmaceutical Group Company Ltd. (a)(e) | 12,000 | 24,223 |
Hikma Pharmaceuticals PLC (a) | 2,982 | 58,578 |
Humanwell Healthcare Group Company Ltd., Class A (a) | 2,200 | 5,250 |
HUTCHMED China Ltd. ADR (b) | 800 | 10,112 |
Hypera S.A. (a) | 5,300 | 38,553 |
Ipsen S.A. (a) | 646 | 60,816 |
Jazz Pharmaceuticals PLC (a)(b) | 600 | 93,606 |
Jiangsu Hengrui Medicine Company Ltd., Class A (a) | 4,620 | 25,559 |
Kalbe Farma Tbk PT (a) | 246,000 | 27,411 |
Kyowa Kirin Co Ltd. (a) | 4,500 | 101,027 |
Lupin Ltd. (a) | 2,072 | 16,029 |
Merck KGaA (a) | 2,133 | 359,021 |
Nanjing King-Friend Biochemical Pharmaceutical Company Ltd., Class A (a) | 400 | 1,683 |
Nippon Shinyaku Company Ltd. | 700 | 42,509 |
Novartis AG | 35,936 | 3,034,863 |
74 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Novo Nordisk A/S, Class B B Shares | 27,619 | $ 3,056,461 |
Ono Pharmaceutical Company Ltd. | 5,900 | 151,219 |
Orion Oyj, Class B | 1,805 | 80,388 |
Otsuka Holdings Company Ltd. | 6,500 | 230,518 |
Perrigo Company PLC | 1,100 | 44,627 |
Recordati Industria Chimica e Farmaceutica SpA | 1,777 | 77,116 |
Richter Gedeon Nyrt (a) | 1,789 | 32,194 |
Roche Holding AG | 11,944 | 3,996,290 |
Sanofi | 18,661 | 1,879,511 |
Shanghai Fosun Pharmaceutical Group Company Ltd., Class H H Shares | 4,500 | 16,659 |
Shanghai Fosun Pharmaceutical Group Company Ltd., Class A | 1,500 | 9,865 |
Shionogi & Company Ltd. | 4,400 | 222,016 |
Sino Biopharmaceutical Ltd. | 105,000 | 66,504 |
SK Biopharmaceuticals Company Ltd. (b) | 382 | 22,036 |
Sun Pharmaceutical Industries Ltd. | 10,719 | 112,738 |
Takeda Pharmaceutical Company Ltd. | 24,700 | 694,156 |
Teva Pharmaceutical Industries Ltd. ADR (b) | 17,500 | 131,600 |
Theravance Biopharma Inc. (b) | 3,749 | 33,966 |
Torrent Pharmaceuticals Ltd. | 564 | 20,427 |
UCB S.A. | 2,101 | 177,125 |
Vifor Pharma AG (b) | 760 | 131,384 |
Yuhan Corp. | 652 | 28,121 |
Yunnan Baiyao Group Company Ltd., Class A A Shares | 1,400 | 12,611 |
Zhangzhou Pientzehuang Pharmaceutical Company Ltd., Class A | 400 | 21,284 |
Zhejiang Huahai Pharmaceutical Company Ltd., Class A | 2,600 | 8,803 |
Zhejiang NHU Company Ltd., Class A A Shares | 2,592 | 8,819 |
23,307,861 | ||
Precious Metals & Minerals - 0.0% * | ||
Alrosa PJSC (b)(c)** | 46,308 | — |
Number of Shares | Fair Value | |
Anglo American Platinum Ltd. (a) | 460 | $ 40,012 |
Impala Platinum Holdings Ltd. (a) | 9,062 | 100,198 |
Industrias Penoles SAB de C.V. (a) | 900 | 8,306 |
Northam Platinum Holdings Ltd. (b) | 3,073 | 32,130 |
Sibanye Stillwater Ltd. | 27,057 | 67,170 |
247,816 | ||
Property & Casualty Insurance - 0.3% | ||
Admiral Group PLC (a) | 2,774 | 75,598 |
Argo Group International Holdings Ltd. (a) | 1,771 | 65,279 |
Chubb Ltd. (a) | 4,169 | 819,542 |
DB Insurance Company Ltd. (a) | 393 | 18,554 |
Fairfax Financial Holdings Ltd. (a) | 415 | 219,444 |
ICICI Lombard General Insurance Company Ltd. (a)(e) | 2,136 | 30,319 |
Insurance Australia Group Ltd. (a) | 39,266 | 117,725 |
Intact Financial Corp. (a) | 2,917 | 410,567 |
James River Group Holdings Ltd. (a) | 2,236 | 55,408 |
Meritz Fire & Marine Insurance Company Ltd. (a) | 396 | 10,110 |
MS&AD Insurance Group Holdings Inc. (a) | 7,400 | 226,486 |
People's Insurance Company Group of China Ltd., Class H H Shares | 97,000 | 29,668 |
PICC Property & Casualty Company Ltd., Class H | 68,000 | 70,713 |
QBE Insurance Group Ltd. | 24,562 | 205,214 |
Samsung Fire & Marine Insurance Company Ltd. | 307 | 47,525 |
Sompo Holdings Inc. | 5,200 | 229,006 |
Suncorp Group Ltd. | 20,003 | 151,031 |
The People's Insurance Company Group of China Ltd., Class A | 10,900 | 8,227 |
Tokio Marine Holdings Inc. | 10,300 | 599,175 |
Tryg A/S | 5,724 | 128,226 |
3,517,817 | ||
Publishing - 0.0% * | ||
China Literature Ltd. (a)(b)(e) | 4,400 | 21,251 |
State Street Total Return V.I.S. Fund | 75 |
Number of Shares | Fair Value | |
Pearson PLC | 10,767 | $ 98,044 |
119,295 | ||
Railroads - 0.3% * | ||
Aurizon Holdings Ltd. (a) | 31,135 | 81,358 |
Beijing-Shanghai High Speed Railway Company Ltd., Class A (a) | 25,600 | 19,169 |
BTS Group Holdings PCL NVDR | 76,426 | 18,482 |
Canadian National Railway Co. (a) | 9,800 | 1,099,998 |
Canadian Pacific Railway Ltd. (a) | 15,300 | 1,066,416 |
Central Japan Railway Co. (a) | 2,400 | 276,559 |
Container Corporation of India Ltd. (a) | 1,587 | 11,943 |
Daqin Railway Company Ltd., Class A (a) | 9,300 | 9,142 |
East Japan Railway Co. (a) | 5,000 | 255,346 |
Hankyu Hanshin Holdings Inc. (a) | 3,800 | 103,493 |
Keio Corp. (a) | 1,800 | 64,326 |
Keisei Electric Railway Company Ltd. (a) | 2,200 | 60,564 |
Kintetsu Group Holdings Company Ltd. (a) | 2,900 | 90,188 |
MTR Corporation Ltd. (a) | 24,500 | 128,011 |
Odakyu Electric Railway Company Ltd. | 5,000 | 67,167 |
Rumo S.A. | 11,700 | 35,730 |
Tobu Railway Company Ltd. | 3,200 | 72,901 |
Tokyu Corp. | 8,500 | 99,982 |
West Japan Railway Co. | 3,500 | 128,582 |
3,689,357 | ||
Real Estate Development - 0.1% | ||
China Evergrande Group (a)(c) | 87,000 | 13,720 |
China Jinmao Holdings Group Ltd. (a) | 60,000 | 16,134 |
China Merchants Shekou Industrial Zone Holdings Company Ltd., Class A (a) | 3,800 | 7,612 |
China Overseas Land & Investment Ltd. (a) | 40,000 | 126,419 |
China Resources Land Ltd. (a) | 34,000 | 158,584 |
China Vanke Company Ltd., Class H H Shares (a) | 17,000 | 42,722 |
China Vanke Company Ltd., Class A A Shares (a) | 5,000 | 15,289 |
Number of Shares | Fair Value | |
CIFI Holdings Group Company Ltd. (a) | 41,600 | $ 20,888 |
CK Asset Holdings Ltd. (a) | 33,086 | 234,011 |
Country Garden Holdings Company Ltd. (a) | 76,298 | 47,255 |
Dar Al Arkan Real Estate Development Co. (a)(b) | 5,114 | 14,666 |
Emaar Economic City (a)(b) | 5,150 | 13,561 |
Emaar Properties PJSC (a) | 44,432 | 62,902 |
Gemdale Corp., Class A (a) | 1,500 | 3,007 |
Godrej Properties Ltd. (a)(b) | 1,425 | 21,345 |
Greentown China Holdings Ltd. (a) | 8,000 | 16,577 |
Henderson Land Development Company Ltd. (a) | 24,000 | 89,920 |
Hopson Development Holdings Ltd. (a) | 12,342 | 18,843 |
Land & Houses PCL NVDR | 96,731 | 22,846 |
Logan Group Company Ltd (a)(c) | 18,000 | 3,751 |
Longfor Group Holdings Ltd. (a)(e) | 17,968 | 84,837 |
Poly Developments & Holdings Group Company Ltd., Class A | 7,100 | 18,491 |
Ruentex Development Company Ltd. | 11,000 | 27,155 |
Seazen Group Ltd. (b) | 17,238 | 8,523 |
Seazen Holdings Company Ltd., Class A A Shares | 1,400 | 5,310 |
Shimao Group Holdings Ltd. (c) | 16,102 | 6,802 |
Sino Land Company Ltd. | 54,890 | 81,003 |
Sunac China Holdings Ltd. (c) | 59,000 | 17,218 |
Yuexiu Property Company Ltd. | 13,063 | 16,747 |
1,216,138 | ||
Real Estate Operating Companies - 0.1% | ||
A-Living Smart City Services Company Ltd. H Shares (a)(e) | 10,055 | 16,171 |
Aroundtown S.A. (a) | 17,017 | 53,958 |
Azrieli Group Ltd. (a) | 634 | 44,244 |
Capitaland Investment Ltd. (a) | 43,600 | 119,675 |
Central Pattana PCL NVDR | 26,454 | 45,643 |
China Resources Mixc Lifestyle Services Ltd. (a)(e) | 7,200 | 35,693 |
CIFI Ever Sunshine Services Group Ltd. (a) | 8,000 | 10,195 |
76 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Country Garden Services Holdings Company Ltd. (a) | 20,715 | $ 92,264 |
Fastighets AB Balder, Class B (a)(b) | 10,813 | 51,715 |
Greentown Service Group Company Ltd. (a) | 20,000 | 22,633 |
Hang Lung Properties Ltd. (a) | 30,000 | 56,888 |
Hongkong Land Holdings Ltd. (a) | 19,200 | 96,384 |
Hulic Company Ltd. (a) | 5,800 | 44,827 |
LEG Immobilien SE (a) | 1,209 | 100,004 |
Mabanee Co. KPSC (a) | 7,055 | 17,310 |
NEPI Rockcastle PLC | 5,303 | 28,191 |
Sagax AB, Class B | 2,811 | 51,763 |
SM Prime Holdings Inc. | 128,600 | 85,484 |
Swire Properties Ltd. | 20,200 | 50,147 |
Swiss Prime Site AG | 1,223 | 106,989 |
Vonovia SE | 11,529 | 354,358 |
Wharf Real Estate Investment Company Ltd. | 27,000 | 128,687 |
1,613,223 | ||
Real Estate Services - 0.0% * | ||
China Overseas Property Holdings Ltd. (a) | 15,000 | 16,153 |
FirstService Corp. (a) | 600 | 72,626 |
KE Holdings Inc. ADR (b) | 3,100 | 55,645 |
144,424 | ||
Regional Banks - 0.0% * | ||
Bandhan Bank Ltd. (a)(e) | 7,685 | 25,642 |
Bank of Chengdu Company Ltd., Class A A Shares (a) | 400 | 989 |
Bank of Hangzhou Company Ltd., Class A A Shares (a) | 5,547 | 12,394 |
Bank of Jiangsu Company Ltd., Class A (a) | 7,000 | 7,434 |
Bank of Nanjing Company Ltd., Class A (a) | 5,600 | 8,704 |
Bank of Ningbo Company Ltd., Class A A Shares (a) | 4,756 | 25,404 |
Concordia Financial Group Ltd. (a) | 16,300 | 56,391 |
First Bancorp (a) | 11,231 | 144,992 |
OFG Bancorp | 2,742 | 69,647 |
Popular Inc. | 652 | 50,158 |
Resona Holdings Inc. | 34,400 | 128,657 |
The Chiba Bank Ltd. (a) | 7,600 | 41,453 |
The Shizuoka Bank Ltd. | 6,800 | 40,794 |
612,659 |
Number of Shares | Fair Value | |
Reinsurance - 0.1% | ||
Enstar Group Ltd. (a)(b) | 700 | $ 149,786 |
Everest Re Group Ltd. (a) | 400 | 112,112 |
Greenlight Capital Re Ltd., Class A (a)(b) | 1,260 | 9,740 |
Hannover Rueck SE (a) | 957 | 138,569 |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (a) | 2,307 | 540,737 |
RenaissanceRe Holdings Ltd. | 400 | 62,548 |
SiriusPoint Ltd. (b) | 4,788 | 25,951 |
Swiss Re AG | 4,976 | 384,524 |
1,423,967 | ||
Renewable Electricity - 0.0% * | ||
Adani Green Energy Ltd. (a)(b) | 3,339 | 81,584 |
China Longyuan Power Group Corporation Ltd., Class H H Shares (a) | 35,000 | 67,619 |
China Three Gorges Renewables Group Company Ltd., Class A A Shares (a) | 19,800 | 18,577 |
China Yangtze Power Company Ltd., Class A A Shares (a) | 14,300 | 49,315 |
EDP Renovaveis SA (a) | 4,595 | 108,182 |
Energy Absolute PCL NVDR | 19,820 | 45,689 |
Engie Brasil Energia S.A. (a) | 3,233 | 25,533 |
Meridian Energy Ltd. (a) | 22,017 | 64,065 |
Northland Power Inc. | 3,618 | 107,478 |
568,042 | ||
Research & Consulting Services - 0.2% | ||
Bureau Veritas S.A. (a) | 4,674 | 119,473 |
Clarivate PLC (a)(b) | 5,112 | 70,852 |
Experian PLC (a) | 15,200 | 444,139 |
Intertek Group PLC (a) | 2,562 | 130,867 |
Nihon M&A Center Holdings Inc. (a) | 4,300 | 45,673 |
RELX PLC | 31,783 | 859,211 |
SGS S.A. | 106 | 241,928 |
Teleperformance | 971 | 297,738 |
Thomson Reuters Corp. | 2,818 | 293,149 |
Wolters Kluwer N.V. | 4,329 | 418,904 |
2,921,934 |
State Street Total Return V.I.S. Fund | 77 |
Number of Shares | Fair Value | |
Residential REITs - 0.0% * | ||
Canadian Apartment Properties REIT (a) | 1,300 | $ 45,169 |
Restaurants - 0.1% | ||
Compass Group PLC (a) | 29,362 | 599,066 |
Domino's Pizza Enterprises Ltd. (a) | 860 | 40,214 |
Haidilao International Holding Ltd. (a)(b)(e) | 12,000 | 27,985 |
Jiumaojiu International Holdings Ltd. (a)(e) | 10,000 | 26,571 |
Jollibee Foods Corp. (a) | 7,580 | 28,068 |
Jubilant Foodworks Ltd. (a) | 4,745 | 30,778 |
McDonald's Holdings Company Japan Ltd. (a) | 1,500 | 54,544 |
Restaurant Brands International Inc. | 4,900 | 245,275 |
Sodexo SA | 1,486 | 104,180 |
Yum China Holdings Inc. | 4,400 | 213,400 |
1,370,081 | ||
Retail REITs - 0.1% | ||
CapitaLand Integrated Commercial Trust (a) | 88,259 | 137,617 |
Japan Metropolitan Fund Invest (a) | 118 | 91,808 |
Klepierre S.A. (a) | 3,466 | 66,528 |
Link REIT (a) | 34,874 | 284,434 |
Mapletree Commercial Trust (a) | 33,046 | 43,453 |
RioCan Real Estate Investment Trust | 2,300 | 35,696 |
Scentre Group | 82,198 | 146,396 |
Unibail-Rodamco-Westfield (b) | 1,976 | 100,502 |
Vicinity Centres | 65,395 | 82,518 |
988,952 | ||
Security & Alarm Services - 0.0% * | ||
S-1 Corp. | 184 | 9,098 |
Secom Company Ltd. | 3,500 | 215,969 |
Securitas AB, Class B | 5,414 | 46,557 |
271,624 | ||
Semiconductor Equipment - 0.4% | ||
Advanced Micro-Fabrication Equipment Inc. China, Class A A Shares (a)(b) | 339 | 5,903 |
Advantest Corp. (a) | 3,000 | 160,318 |
ASM International N.V. (a) | 777 | 193,818 |
Number of Shares | Fair Value | |
ASML Holding N.V. | 6,666 | $ 3,176,804 |
Daqo New Energy Corp. ADR (b) | 500 | 35,690 |
Disco Corp. (a) | 500 | 118,509 |
Flat Glass Group Company Ltd., Class H H Shares (a) | 4,000 | 14,069 |
Flat Glass Group Company Ltd., Class A (a) | 1,700 | 9,661 |
Globalwafers Company Ltd. (a) | 2,000 | 30,471 |
Hangzhou First Applied Material Company Ltd., Class A (a) | 980 | 9,578 |
Kulicke & Soffa Industries Inc. (a) | 3,458 | 148,037 |
Lasertec Corp. (a) | 1,200 | 142,652 |
National Silicon Industry Group Company Ltd., Class A (a)(b) | 1,235 | 4,233 |
NAURA Technology Group Company Ltd., Class A (a) | 300 | 12,401 |
Shenzhen SC New Energy Technology Corp., Class A | 100 | 1,333 |
SUMCO Corp. | 5,600 | 72,507 |
Tianjin Zhonghuan Semiconductor Company Ltd., Class A | 1,800 | 15,811 |
Tokyo Electron Ltd. | 2,500 | 815,207 |
Xinyi Solar Holdings Ltd. | 49,985 | 77,204 |
Zhejiang Jingsheng Mechanical & Electrical Company Ltd., Class A | 300 | 3,025 |
5,047,231 | ||
Semiconductors - 0.5% | ||
ASE Technology Holding Company Ltd. (a) | 35,000 | 89,932 |
eMemory Technology Inc. (a) | 1,000 | 34,809 |
Gigadevice Semiconductor Beijing Inc., Class A (a) | 560 | 11,879 |
Hangzhou Silan Microelectronics Company Ltd., Class A (a) | 1,100 | 8,532 |
Hua Hong Semiconductor Ltd. (a)(b)(e) | 8,000 | 28,954 |
Inari Amertron Bhd (a) | 40,000 | 23,959 |
Infineon Technologies AG (a) | 21,500 | 518,998 |
Ingenic Semiconductor Company Ltd., Class A (a) | 600 | 9,509 |
JA Solar Technology Company Ltd., Class A (a) | 1,120 | 13,181 |
78 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
JCET Group Company Ltd., Class A A Shares (a) | 2,000 | $ 8,055 |
LONGi Green Energy Technology Company Ltd., Class A | 4,736 | 47,069 |
MediaTek Inc. (a) | 15,000 | 328,417 |
Montage Technology Company Ltd., Class A (a) | 361 | 3,262 |
Nanya Technology Corp. (a) | 15,000 | 24,921 |
Novatek Microelectronics Corp. | 5,886 | 59,783 |
Powerchip Semiconductor Manufacturing Corp. | 27,000 | 36,413 |
Realtek Semiconductor Corp. | 5,040 | 61,531 |
Renesas Electronics Corp. (b) | 19,400 | 176,072 |
Rohm Company Ltd. | 1,400 | 97,486 |
SG Micro Corp., Class A | 150 | 4,072 |
Silergy Corp. | 1,222 | 98,431 |
SK Hynix Inc. | 5,608 | 393,044 |
SK Square Company Ltd. (b) | 1,068 | 32,121 |
STMicroelectronics N.V. | 11,276 | 353,655 |
Taiwan Semiconductor Manufacturing Company Ltd. | 262,557 | 4,203,243 |
Tianshui Huatian Technology Company Ltd., Class A A Shares | 700 | 979 |
Tower Semiconductor Ltd. (b) | 1,841 | 85,528 |
Trina Solar Company Ltd., Class A A Shares | 1,600 | 15,572 |
Unigroup Guoxin Microelectronics Company Ltd., Class A | 300 | 8,490 |
United Microelectronics Corp. | 122,000 | 160,637 |
Vanguard International Semiconductor Corp. | 8,330 | 21,516 |
Will Semiconductor Ltd., Class A A Shares | 400 | 10,324 |
Win Semiconductors Corp. | 4,000 | 25,897 |
Winbond Electronics Corp. | 28,000 | 20,435 |
7,016,706 | ||
Silver - 0.0% * | ||
Pan American Silver Corp. | 3,600 | 70,579 |
Soft Drinks - 0.1% | ||
Arca Continental SAB de CV (a) | 5,300 | 34,807 |
Carabao Group PCL NVDR | 5,700 | 17,170 |
Coca-Cola European Partners PLC (a) | 3,400 | 175,474 |
Number of Shares | Fair Value | |
Coca-Cola Femsa SAB de C.V. (a) | 7,000 | $ 38,629 |
Coca-Cola HBC AG (a) | 3,413 | 75,520 |
Fomento Economico Mexicano SAB de C.V. (a) | 21,300 | 143,325 |
Ito En Ltd. (a) | 800 | 35,803 |
Nongfu Spring Company Ltd., Class H H Shares (e) | 18,200 | 104,488 |
Osotspa PCL NVDR | 12,991 | 12,585 |
Suntory Beverage & Food Ltd. | 2,300 | 86,850 |
724,651 | ||
Specialized Consumer Services - 0.0% * | ||
OneSpaWorld Holdings Ltd. (b) | 3,864 | 27,705 |
Specialized Finance - 0.0% * | ||
Banco Latinoamericano de Comercio Exterior SA, Class E (a) | 1,668 | 22,134 |
Chailease Holding Company Ltd. (a) | 14,805 | 103,817 |
Far East Horizon Ltd. (a) | 23,000 | 19,287 |
Mitsubishi HC Capital Inc. (a) | 11,400 | 52,530 |
Piramal Enterprises Ltd. | 1,353 | 28,366 |
226,134 | ||
Specialty Chemicals - 0.3% | ||
Akzo Nobel N.V. (a) | 3,013 | 197,249 |
Arkema S.A. (a) | 1,000 | 88,780 |
Asian Paints Ltd. (a) | 4,091 | 139,619 |
Chr Hansen Holding A/S (a) | 1,680 | 122,008 |
Clariant AG (a) | 3,671 | 69,712 |
Covestro AG (a)(e) | 3,066 | 105,712 |
Croda International PLC (a) | 2,206 | 173,390 |
Dongyue Group Ltd. (a) | 17,000 | 21,275 |
EMS-Chemie Holding AG (a) | 118 | 87,574 |
Evonik Industries AG (a) | 3,547 | 75,499 |
Givaudan S.A. (a) | 152 | 532,996 |
Hoshine Silicon Industry Company Ltd., Class A (a) | 200 | 3,519 |
Johnson Matthey PLC (a) | 3,175 | 74,245 |
JSR Corp. (a) | 2,861 | 74,128 |
Koninklijke DSM N.V. (a) | 2,882 | 413,081 |
Nippon Paint Holdings Company Ltd. | 13,900 | 103,440 |
Nitto Denko Corp. | 2,300 | 148,644 |
Novozymes A/S, Class B B Shares | 3,410 | 204,216 |
State Street Total Return V.I.S. Fund | 79 |
Number of Shares | Fair Value | |
Perimeter Solutions S.A. (b) | 7,095 | $ 76,910 |
Shanghai Putailai New Energy Technology Company Ltd., Class A | 1,240 | 15,611 |
Shenzhen Capchem Technology Company Ltd., Class A | 180 | 1,411 |
Shin-Etsu Chemical Company Ltd. | 6,200 | 698,245 |
Sika AG | 2,395 | 550,373 |
SK IE Technology Company Ltd. (b)(e) | 261 | 19,720 |
Symrise AG | 2,199 | 238,745 |
Umicore S.A. | 3,323 | 115,755 |
Wanhua Chemical Group Company Ltd., Class A | 2,000 | 28,934 |
Zhejiang Yongtai Technology Company Ltd., Class A | 600 | 2,947 |
4,383,738 | ||
Specialty Stores - 0.0% * | ||
China Tourism Group Duty Free Corporation Ltd., Class A (a) | 1,200 | 41,693 |
Chow Tai Fook Jewellery Group Ltd. (a) | 29,800 | 56,053 |
Hotel Shilla Company Ltd. (a) | 370 | 20,290 |
Jarir Marketing Co. (a) | 420 | 18,201 |
JD Sports Fashion PLC (a) | 44,069 | 61,762 |
JUMBO S.A. (a) | 974 | 14,113 |
Pop Mart International Group Ltd. (e) | 7,200 | 34,775 |
246,887 | ||
Steel - 0.2% | ||
ArcelorMittal S.A. (a) | 10,096 | 227,035 |
Baoshan Iron & Steel Company Ltd., Class A (a) | 10,700 | 9,608 |
BlueScope Steel Ltd. (a) | 8,264 | 90,356 |
China Steel Corp. (a) | 122,000 | 116,734 |
Cia Siderurgica Nacional S.A. (a) | 6,300 | 18,601 |
Eregli Demir ve Celik Fabrikalari TAS (a) | 12,313 | 20,015 |
Fortescue Metals Group Ltd. (a) | 27,958 | 337,020 |
Hitachi Metals Ltd. (a)(b) | 3,700 | 55,913 |
Hyundai Steel Co. (a) | 790 | 19,531 |
Inner Mongolia BaoTou Steel Union Company Ltd., Class A (a) | 42,400 | 14,862 |
Number of Shares | Fair Value | |
JFE Holdings Inc. (a) | 8,300 | $ 87,365 |
JSW Steel Ltd. (a) | 7,366 | 52,653 |
Kumba Iron Ore Ltd. (a) | 476 | 15,273 |
Nippon Steel Corp. | 13,400 | 187,307 |
Novolipetsk Steel PJSC GDR (c)** | 2,290 | — |
Novolipetsk Steel PJSC (b)(c)** | 4,980 | — |
POSCO Holdings Inc. | 782 | 138,825 |
Severstal PAO GDR (c)** | 3,070 | — |
Severstal PAO (c)** | 695 | — |
Shanxi Meijin Energy Company Ltd., Class A | 3,500 | 6,369 |
Shanxi Taigang Stainless Steel Company Ltd., Class A | 6,700 | 5,447 |
Tata Steel Ltd. | 7,424 | 81,509 |
Vale S.A. | 42,740 | 625,720 |
voestalpine AG | 1,648 | 34,940 |
YongXing Special Materials Technology Company Ltd., Class A | 200 | 4,541 |
2,149,624 | ||
Systems Software - 0.0% * | ||
360 Security Technology Inc., Class A (a) | 4,700 | 5,973 |
BlackBerry Ltd. (a)(b) | 9,400 | 50,572 |
Check Point Software Technologies Ltd. (a)(b) | 1,703 | 207,391 |
CyberArk Software Ltd. (a)(b) | 700 | 89,572 |
Ming Yuan Cloud Group Holdings Ltd. (a) | 12,000 | 19,207 |
Oracle Corp. Japan | 537 | 31,069 |
Sangfor Technologies Inc., Class A | 300 | 4,644 |
Tata Elxsi Ltd. | 366 | 37,867 |
Totvs S.A. | 4,738 | 21,074 |
Trend Micro Inc. | 2,100 | 102,330 |
569,699 | ||
Technology Distributors - 0.0% * | ||
Synnex Technology International Corp. | 18,178 | 32,525 |
Unisplendour Corporation Ltd., Class A | 3,100 | 8,970 |
WPG Holdings Ltd. | 20,938 | 38,801 |
80,296 |
80 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Technology Hardware, Storage & Peripherals - 0.3% | ||
Acer Inc. (a) | 26,000 | $ 18,975 |
Advantech Company Ltd. (a) | 4,000 | 46,547 |
Asustek Computer Inc. (a) | 7,053 | 73,653 |
Brother Industries Ltd. (a) | 4,000 | 70,222 |
Canon Inc. (a) | 16,500 | 374,683 |
Catcher Technology Company Ltd. (a) | 7,000 | 38,963 |
Compal Electronics Inc. (a) | 55,225 | 42,254 |
FUJIFILM Holdings Corp. (a) | 5,915 | 316,877 |
Inventec Corp. (a) | 34,249 | 28,969 |
Lenovo Group Ltd. (a) | 74,000 | 69,125 |
Lite-On Technology Corp. (a) | 19,693 | 38,348 |
Logitech International S.A. (a) | 2,741 | 142,783 |
Micro-Star International Company Ltd. (a) | 6,000 | 22,903 |
Ninestar Corp., Class A (a) | 1,200 | 9,061 |
Pegatron Corp. | 23,251 | 44,573 |
Quanta Computer Inc. | 30,507 | 81,876 |
Ricoh Company Ltd. | 9,600 | 74,974 |
Samsung Electronics Company Ltd. | 50,888 | 2,233,993 |
Seiko Epson Corp. | 4,200 | 59,357 |
Shenzhen Transsion Holdings Company Ltd., Class A | 350 | 4,658 |
Wiwynn Corp. | 1,000 | 23,442 |
Xiaomi Corp., Class B (b)(e) | 158,400 | 275,340 |
4,091,576 | ||
Textiles - 0.0% * | ||
Eclat Textile Company Ltd. (a) | 2,000 | 27,948 |
Thrifts & Mortgage Finance - 0.0% * | ||
Housing Development Finance Corporation Ltd. (a) | 17,679 | 485,972 |
Tires & Rubber - 0.1% | ||
Balkrishna Industries Ltd. (a) | 1,031 | 28,058 |
Bridgestone Corp. (a) | 9,396 | 342,352 |
Cheng Shin Rubber Industry Company Ltd. (a) | 20,000 | 23,812 |
Cie Generale des Etablissements Michelin SCA (a) | 11,206 | 304,305 |
Hankook Tire & Technology Company Ltd. (a) | 729 | 18,500 |
MRF Ltd. (a) | 20 | 17,930 |
Sailun Group Company Ltd., Class A A Shares | 2,300 | 3,866 |
Number of Shares | Fair Value | |
Shandong Linglong Tyre Company Ltd., Class A | 1,500 | $ 5,676 |
744,499 | ||
Tobacco - 0.2% | ||
British American Tobacco PLC (a) | 35,736 | 1,527,448 |
Gudang Garam Tbk PT (a) | 5,500 | 11,509 |
Imperial Brands PLC (a) | 14,908 | 332,408 |
ITC Ltd. (a) | 30,240 | 104,728 |
Japan Tobacco Inc. (a) | 19,800 | 341,915 |
KT&G Corp. (a) | 1,149 | 72,742 |
RLX Technology Inc. ADR (b) | 4,000 | 8,520 |
Smoore International Holdings Ltd. (e) | 19,000 | 58,596 |
Swedish Match AB | 26,145 | 265,854 |
2,723,720 | ||
Trading Companies & Distributors - 0.3% | ||
Adani Enterprises Ltd. (a) | 3,289 | 91,245 |
AerCap Holdings N.V. (a)(b) | 2,200 | 90,068 |
Ashtead Group PLC (a) | 7,350 | 306,972 |
BOC Aviation Ltd. (a)(e) | 2,700 | 22,692 |
Brenntag AG (a) | 2,441 | 158,476 |
Bunzl PLC (a) | 5,609 | 185,214 |
Ferguson PLC (a) | 3,607 | 402,482 |
IMCD N.V. (a) | 905 | 123,896 |
ITOCHU Corp. (a) | 19,605 | 529,179 |
Marubeni Corp. (a) | 25,900 | 233,349 |
Mitsubishi Corp. (a) | 20,800 | 618,083 |
Mitsui & Company Ltd. (a) | 23,000 | 506,963 |
MonotaRO Company Ltd. (a) | 4,300 | 63,809 |
Reece Ltd. | 4,157 | 39,391 |
Sichuan New Energy Power Company Ltd. (b) | 800 | 2,643 |
Sumitomo Corp. | 18,600 | 254,243 |
Toromont Industries Ltd. | 1,400 | 112,960 |
Toyota Tsusho Corp. | 3,400 | 110,868 |
Triton International Ltd. | 3,777 | 198,859 |
4,051,392 | ||
Trucking - 0.0% * | ||
CJ Logistics Corp. (a)(b) | 14 | 1,229 |
Grab Holdings Ltd., Class A (a)(b) | 16,300 | 41,239 |
Localiza Rent a Car S.A. (a) | 5,900 | 59,130 |
Nippon Express Holdings Inc. | 1,300 | 70,524 |
TFI International Inc. | 1,400 | 112,146 |
284,268 |
State Street Total Return V.I.S. Fund | 81 |
Number of Shares | Fair Value | |
Water Utilities - 0.0% * | ||
Beijing Enterprises Water Group Ltd. (a) | 50,000 | $ 15,101 |
Cia de Saneamento Basico do Estado de Sao Paulo (a) | 4,200 | 33,869 |
Guangdong Investment Ltd. (a) | 32,000 | 33,847 |
Severn Trent PLC | 3,973 | 131,192 |
United Utilities Group PLC | 10,826 | 134,106 |
348,115 | ||
Wireless Telecommunication Services - 0.3% | ||
Advanced Info Service PCL NVDR | 12,507 | 68,805 |
America Movil SAB de C.V. Series L (a) | 295,800 | 301,287 |
Axiata Group Bhd (a) | 32,600 | 20,932 |
Bharti Airtel Ltd. (a)(b) | 24,206 | 209,945 |
China United Network Communications Ltd., Class A (a) | 14,400 | 7,432 |
DiGi.Com Bhd (a) | 38,500 | 30,573 |
Etihad Etisalat Co. (a) | 4,492 | 41,902 |
Far EasTone Telecommunications Company Ltd. (a) | 21,000 | 59,045 |
Globe Telecom Inc. (a) | 385 | 15,880 |
Intouch Holdings PCL NVDR | 5,600 | 10,850 |
Intouch Holdings PCL, Class F (a) | 6,200 | 12,013 |
KDDI Corp. (a) | 26,508 | 836,869 |
Maxis Bhd (a) | 27,100 | 20,290 |
Mobile Telecommunications Co. KSCP (a) | 30,576 | 59,179 |
Mobile Telecommunications Co. Saudi Arabia (a)(b) | 8,715 | 26,107 |
Mobile TeleSystems PJSC ADR (c)** | 6,600 | — |
Mobile TeleSystems PJSC (c)** | 3,970 | — |
MTN Group Ltd. (a) | 17,502 | 141,063 |
PLDT Inc. | 960 | 29,332 |
Rogers Communications Inc., Class B | 5,900 | 282,113 |
SK Telecom Company Ltd. | 406 | 16,260 |
Softbank Corp. | 47,300 | 524,511 |
SoftBank Group Corp. | 19,800 | 762,968 |
Taiwan Mobile Company Ltd. | 24,946 | 90,611 |
Tele2 AB, Class B B Shares | 9,522 | 108,253 |
TIM S.A. | 10,600 | 25,864 |
Number of Shares | Fair Value | |
Turkcell Iletisim Hizmetleri A/S | 8,295 | $ 8,048 |
Vodacom Group Ltd. | 7,755 | 62,073 |
Vodafone Group PLC | 443,093 | 681,576 |
4,453,781 | ||
Total Common Stock (Cost $378,643,260) | 331,340,807 | |
Preferred Stock - 0.2% | ||
Automobile Manufacturers - 0.1% | ||
Bayerische Motoren Werke AG | 978 | 69,118 |
Hyundai Motor Co. | 417 | 28,134 |
Hyundai Motor Co. | 217 | 14,540 |
Porsche Automobil Holding SE | 2,545 | 167,941 |
Volkswagen AG | 3,058 | 407,360 |
687,093 | ||
Commodity Chemicals - 0.0% * | ||
Braskem S.A. | 1,800 | 12,818 |
LG Chem Ltd. | 89 | 16,485 |
29,303 | ||
Diversified Banks - 0.1% | ||
Banco Bradesco S.A. | 55,821 | 183,599 |
Bancolombia S.A. | 4,359 | 33,208 |
Itau Unibanco Holding S.A. | 50,400 | 218,487 |
Itausa S.A. | 49,580 | 79,071 |
514,365 | ||
Diversified Capital Markets - 0.0% * | ||
Banco BTG Pactual S.A. | 4 | 4 |
Electric Utilities - 0.0% * | ||
Centrais Eletricas Brasileiras SA | 3,800 | 33,935 |
Cia Energetica de Minas Gerais | 14,729 | 29,236 |
63,171 | ||
Fertilizers & Agricultural Chemicals - 0.0% * | ||
Sociedad Quimica y Minera de Chile SA | 1,519 | 124,034 |
Healthcare Equipment - 0.0% * | ||
Sartorius AG | 407 | 141,861 |
Household Products - 0.0% * | ||
Henkel AG & Company KGaA | 2,959 | 181,835 |
82 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Integrated Oil & Gas - 0.0% * | ||
Petroleo Brasileiro S.A. | 49,600 | $ 264,909 |
Surgutneftegas PJSC (c)** | 115,200 | — |
264,909 | ||
Personal Products - 0.0% * | ||
LG Household & Health Care Ltd. | 21 | 5,281 |
Steel - 0.0% * | ||
Gerdau S.A. | 11,100 | 47,440 |
Technology Hardware, Storage & Peripherals - 0.0% * | ||
Samsung Electronics Company Ltd. | 8,754 | 350,591 |
Total Preferred Stock (Cost $3,038,410) | 2,409,887 | |
Warrants - 0.0% * | ||
Railroads - 0.0% * | ||
BTS Group Holdings PCL (expiring 07/22/22) (b) | 19,520 | 182 |
BTS Group Holdings PCL(expiring 09/05/22) (b) | 9,760 | 102 |
BTS Group Holdings PCL(expiring 11/07/24) (b) | 4,880 | 17 |
Total Warrants (Cost $0) | 301 | |
Total Foreign Equity (Cost $381,681,670) | 333,750,995 | |
Principal Amount | ||
Bonds and Notes - 25.7% | ||
U.S. Treasuries - 13.4% | ||
U.S. Treasury Bonds | ||
1.13% 08/15/40 | $ 225,000 | 155,355 |
1.25% 08/15/31 - 05/15/50 | 1,300,000 | 1,074,078 |
1.38% 12/31/28 - 08/15/50 | 2,200,000 | 1,628,958 |
1.63% 11/15/50 | 200,000 | 140,625 |
1.88% 02/15/32 - 11/15/51 | 1,275,000 | 1,065,566 |
2.00% 02/15/50 - 08/15/51 | 1,100,000 | 851,383 |
2.25% 08/15/46 - 08/15/49 | 450,000 | 364,898 |
2.38% 03/31/29 - 05/15/51 | 2,940,000 | 2,567,015 |
2.50% 02/15/45 - 05/15/46 | 485,000 | 411,251 |
2.75% 11/15/42 - 11/15/47 | 1,025,000 | 917,020 |
2.88% 05/15/43 - 05/15/52 | 5,675,000 | 5,308,594 |
3.00% 11/15/44 - 02/15/49 | 1,925,000 | 1,803,297 |
3.13% 02/15/43 - 05/15/48 | 2,350,000 | 2,236,719 |
3.25% 05/15/42 | 3,175,000 | 3,099,098 |
Principal Amount | Fair Value | |
3.38% 05/15/44 - 11/15/48 | $ 1,400,000 | $ 1,401,969 |
3.63% 08/15/43 - 02/15/44 | 1,140,000 | 1,169,325 |
4.25% 05/15/39 - 11/15/40 | 200,000 | 227,110 |
4.38% 02/15/38 - 05/15/40 | 200,000 | 231,594 |
4.50% 02/15/36 | 100,000 | 117,531 |
4.63% 02/15/40 | 100,000 | 118,969 |
5.25% 02/15/29 | 200,000 | 225,906 |
5.50% 08/15/28 | 200,000 | 226,594 |
6.00% 02/15/26 | 427,000 | 469,100 |
6.13% 08/15/29 | 200,000 | 239,250 |
6.25% 08/15/23 | 1,650,000 | 1,712,004 |
6.38% 08/15/27 | 200,000 | 230,781 |
7.63% 02/15/25 | 200,000 | 222,906 |
U.S. Treasury Inflation Indexed Bonds | ||
0.13% 04/15/27 - 02/15/52 | 6,142,177 | 5,639,863 |
0.25% 02/15/50 | 1,011,879 | 798,879 |
0.63% 02/15/43 | 980,655 | 867,169 |
0.75% 02/15/42 - 02/15/45 | 2,148,952 | 1,950,013 |
0.88% 02/15/47 | 1,191,463 | 1,101,750 |
1.00% 02/15/46 - 02/15/49 | 1,659,545 | 1,585,670 |
1.38% 02/15/44 | 1,562,740 | 1,599,037 |
1.75% 01/15/28 | 1,103,808 | 1,171,753 |
2.00% 01/15/26 | 728,180 | 771,892 |
2.13% 02/15/40 - 02/15/41 | 1,360,777 | 1,585,345 |
2.38% 01/15/25 - 01/15/27 | 3,040,212 | 3,248,163 |
2.50% 01/15/29 | 1,009,740 | 1,123,562 |
3.38% 04/15/32 | 407,120 | 509,001 |
3.63% 04/15/28 | 947,195 | 1,106,762 |
3.88% 04/15/29 | 1,142,908 | 1,379,869 |
U.S. Treasury Inflation Indexed Notes | ||
0.13% 07/15/24 - 07/15/31 | 24,459,740 | 24,002,176 |
0.25% 01/15/25 - 07/15/29 | 4,175,400 | 4,132,631 |
0.38% 07/15/23 - 07/15/27 | 9,115,748 | 9,169,860 |
0.50% 04/15/24 - 01/15/28 | 3,825,905 | 3,839,218 |
0.63% 01/15/24 - 01/15/26 | 3,996,046 | 4,055,365 |
0.75% 07/15/28 | 1,710,037 | 1,723,929 |
0.88% 01/15/29 | 1,946,092 | 1,964,225 |
U.S. Treasury Notes | ||
0.13% 07/15/23 - 09/15/23 | 1,500,000 | 1,454,453 |
0.25% 09/30/23 - 10/31/25 | 4,100,000 | 3,805,468 |
0.38% 04/30/25 - 09/30/27 | 4,200,000 | 3,730,695 |
0.50% 11/30/23 - 02/28/26 | 1,750,000 | 1,646,817 |
0.63% 11/30/27 - 08/15/30 | 2,350,000 | 2,007,566 |
0.75% 12/31/23 - 03/31/26 | 5,150,000 | 4,928,221 |
0.88% 11/15/30 | 1,450,000 | 1,224,117 |
1.13% 01/15/25 - 02/15/31 | 2,275,000 | 2,045,988 |
1.25% 04/30/28 - 06/30/28 | 1,700,000 | 1,530,504 |
State Street Total Return V.I.S. Fund | 83 |
Principal Amount | Fair Value | |
1.38% 01/31/25 - 08/31/26 | $ 600,000 | $ 572,953 |
1.50% 09/30/24 - 02/15/30 | 1,900,000 | 1,791,351 |
1.63% 02/15/26 - 05/15/31 | 2,125,000 | 1,910,727 |
1.75% 06/30/24 - 11/15/29 | 1,350,000 | 1,293,809 |
1.88% 06/30/26 - 02/28/29 | 600,000 | 568,235 |
2.00% 02/15/25 - 11/15/26 | 2,494,000 | 2,424,158 |
2.13% 11/30/23 - 05/31/26 | 1,200,000 | 1,175,688 |
2.25% 12/31/23 - 02/15/52 | 4,080,000 | 3,945,398 |
2.38% 08/15/24 - 05/15/29 | 3,250,000 | 3,161,586 |
2.50% 08/15/23 - 03/31/27 | 8,900,000 | 8,805,716 |
2.63% 04/15/25 - 02/15/29 | 6,450,000 | 6,357,845 |
2.75% 07/31/23 - 05/31/29 | 17,325,000 | 17,104,415 |
2.88% 09/30/23 - 05/15/32 | 12,550,000 | 12,438,198 |
3.00% 06/30/24 - 10/31/25 | 2,700,000 | 2,696,601 |
3.13% 11/15/28 | 1,150,000 | 1,152,246 |
3.25% 06/30/27 - 06/30/29 | 650,000 | 657,968 |
189,973,751 | ||
Agency Mortgage Backed - 6.1% | ||
Federal Farm Credit Banks Funding Corp. | ||
0.25% 02/26/24 | 360,000 | 344,459 |
Federal Home Loan Banks | ||
0.50% 04/14/25 | 650,000 | 606,157 |
1.88% 09/11/26 | 500,000 | 473,925 |
3.25% 11/16/28 | 125,000 | 125,511 |
Federal Home Loan Mortgage Corp. | ||
0.13% 10/16/23 | 380,000 | 366,552 |
0.38% 07/21/25 | 500,000 | 461,000 |
1.50% 06/01/51 - 11/01/51 | 715,040 | 594,548 |
2.00% 01/01/36 - 03/01/52 | 8,578,840 | 7,534,655 |
2.00% 09/01/50 (a) | 587,038 | 512,676 |
2.50% 01/01/28 - 09/01/50 (a) | 1,272,356 | 1,176,031 |
2.50% 06/01/51 - 12/01/51 | 2,468,045 | 2,224,282 |
3.00% 07/01/30 - 08/01/50 (a) | 1,700,109 | 1,633,466 |
3.00% 12/01/46 - 06/01/51 | 437,343 | 413,451 |
3.50% 03/01/26 - 11/01/49 (a) | 1,251,446 | 1,226,431 |
4.00% 06/01/42 - 08/01/48 (a) | 442,511 | 444,906 |
4.50% 05/01/42 - 11/01/48 (a) | 87,794 | 89,705 |
5.50% 01/01/38 - 04/01/39 (a) | 172,990 | 184,871 |
6.00% 06/01/37 - 11/01/37 (a) | 156,444 | 170,650 |
6.25% 07/15/32 | 250,000 | 310,297 |
Principal Amount | Fair Value | |
Federal National Mortgage Assoc. | ||
0.25% 07/10/23 | $ 455,000 | $ 441,955 |
0.50% 11/07/25 | 250,000 | 229,470 |
0.75% 10/08/27 | 250,000 | 221,587 |
0.88% 08/05/30 | 250,000 | 206,825 |
1.50% 04/01/36 - 11/01/41 | 1,518,465 | 1,362,746 |
1.50% 12/01/50 - 03/01/51 (a) | 791,412 | 658,391 |
1.75% 07/02/24 | 225,000 | 219,654 |
2.00% 11/01/35 - 04/01/51 (a) | 4,590,074 | 4,067,005 |
2.00% 06/01/36 - 03/01/52 | 5,555,524 | 4,893,032 |
2.13% 04/24/26 | 200,000 | 193,132 |
2.50% 09/01/28 - 04/01/51 (a) | 3,296,123 | 3,007,127 |
2.50% 06/01/32 - 03/01/52 | 7,196,429 | 6,542,229 |
3.00% 04/01/30 - 12/01/49 (a) | 2,366,272 | 2,269,815 |
3.00% 12/01/35 - 05/01/52 | 3,965,246 | 3,717,425 |
3.50% 01/01/27 - 03/01/49 (a) | 1,137,490 | 1,115,108 |
3.50% 11/01/48 - 06/01/52 | 671,767 | 649,611 |
4.00% 10/01/41 - 02/01/50 (a) | 1,188,807 | 1,193,203 |
4.00% 07/01/47 | 7,342 | 7,346 |
4.50% 01/01/27 - 09/01/49 (a) | 450,941 | 461,731 |
5.00% 12/01/39 - 05/01/41 (a) | 90,841 | 95,690 |
5.50% 12/01/35 - 04/01/38 (a) | 542,082 | 578,400 |
6.00% 03/01/34 - 08/01/37 (a) | 689,718 | 748,936 |
Federal National Mortgage Assoc. TBA | ||
1.50% 07/01/37 - 07/01/52 (f) | 1,925,000 | 1,702,491 |
2.00% 07/01/37 - 07/01/52 (f) | 5,450,000 | 4,835,815 |
2.50% 07/01/37 - 07/01/52 (f) | 3,000,000 | 2,741,557 |
3.00% 07/01/37 - 07/01/52 (f) | 2,125,000 | 2,008,076 |
3.50% 07/01/52 (f) | 3,050,000 | 2,932,804 |
4.00% 07/01/52 (f) | 2,500,000 | 2,464,752 |
4.50% 07/01/52 (f) | 400,000 | 402,047 |
Government National Mortgage Assoc. | ||
2.00% 10/20/50 (a) | 986,491 | 882,151 |
2.00% 11/20/50 - 04/20/52 | 2,808,932 | 2,500,065 |
84 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
2.50% 06/20/50 - 01/20/52 | $ 2,867,532 | $ 2,637,605 |
2.50% 07/20/50 - 08/20/50 (a) | 544,903 | 502,420 |
3.00% 10/15/42 - 02/20/50 (a) | 1,136,866 | 1,091,485 |
3.00% 01/20/46 - 09/20/51 | 1,691,807 | 1,608,167 |
3.50% 11/20/43 | 195,291 | 193,286 |
3.50% 03/20/45 - 08/20/49 (a) | 1,213,636 | 1,194,259 |
4.00% 12/20/40 - 09/20/46 (a) | 660,033 | 670,179 |
4.50% 05/20/40 - 01/20/49 (a) | 303,837 | 312,515 |
5.00% 08/15/41 (a) | 536,327 | 570,893 |
Government National Mortgage Assoc. TBA | ||
2.00% 07/01/52 (f) | 1,050,000 | 931,306 |
2.50% 07/01/52 (f) | 1,500,000 | 1,371,210 |
3.00% 07/01/52 (f) | 800,000 | 753,733 |
3.50% 07/01/52 (f) | 1,300,000 | 1,262,958 |
4.00% 07/01/52 (f) | 675,000 | 671,940 |
Tennessee Valley Authority | ||
3.50% 12/15/42 | 100,000 | 90,523 |
86,106,228 | ||
Agency Collateralized Mortgage Obligations - 0.2% | ||
Federal Home Loan Mortgage Corp. | ||
1.48% 04/25/30 | 69,643 | 60,420 |
1.56% 04/25/30 | 40,000 | 34,913 |
1.87% 01/25/30 | 58,333 | 52,353 |
2.79% 06/25/29 | 310,000 | 298,021 |
3.39% 03/25/24 | 200,000 | 199,006 |
3.41% 12/25/26 | 200,000 | 200,290 |
3.78% 08/25/28 | 180,366 | 182,762 |
3.90% 04/25/28 | 100,000 | 102,522 |
3.90% 08/25/28 (g) | 235,000 | 240,853 |
3.95% 11/25/30 (g) | 380,000 | 388,093 |
Federal National Mortgage Assoc. | ||
1.27% 07/25/30 | 80,000 | 66,711 |
1.51% 03/25/31 (g) | 145,000 | 122,766 |
1.72% 10/25/31 (g) | 100,000 | 85,214 |
1.80% 10/25/31 (g) | 250,000 | 214,932 |
2.70% 02/25/26 | 375,902 | 367,233 |
3.17% 06/25/27 (g) | 206,725 | 204,361 |
2,820,450 |
Principal Amount | Fair Value | |
Asset Backed - 0.1% | ||
American Express Credit Account Master Trust | ||
0.90% 11/15/26 | $ 184,000 | $ 173,395 |
BA Credit Card Trust | ||
0.44% 09/15/26 | 9,000 | 8,548 |
CarMax Auto Owner Trust 2021-4 | ||
0.56% 09/15/26 | 150,000 | 143,739 |
Carvana Auto Receivables Trust 2021-P4 | ||
1.64% 12/10/27 | 150,000 | 138,647 |
Discover Card Execution Note Trust | ||
1.03% 09/15/28 | 81,000 | 73,845 |
Exeter Automobile Receivables Trust 2022-3 | ||
4.21% 01/15/26 | 200,000 | 200,223 |
Hyundai Auto Receivables Trust 2021-C | ||
0.74% 05/15/26 | 100,000 | 95,659 |
World Omni Auto Receivables Trust 2021-B | ||
0.42% 06/15/26 | 100,000 | 96,121 |
930,177 | ||
Corporate Notes - 5.2% | ||
3M Co. | ||
2.65% 04/15/25 | 100,000 | 97,588 |
3.38% 03/01/29 | 25,000 | 24,027 |
Abbott Laboratories | ||
4.90% 11/30/46 | 125,000 | 131,371 |
AbbVie Inc. | ||
2.60% 11/21/24 | 25,000 | 24,221 |
3.20% 05/14/26 | 50,000 | 48,143 |
3.80% 03/15/25 | 300,000 | 297,939 |
4.25% 11/14/28 - 11/21/49 | 60,000 | 54,716 |
4.30% 05/14/36 | 50,000 | 46,979 |
4.75% 03/15/45 | 50,000 | 47,073 |
4.85% 06/15/44 | 100,000 | 95,884 |
4.88% 11/14/48 | 25,000 | 24,089 |
Adobe Inc. | ||
3.25% 02/01/25 | 70,000 | 69,707 |
Advocate Health & Hospitals Corp. | ||
3.39% 10/15/49 | 25,000 | 20,337 |
AEP Texas Inc. | ||
3.45% 05/15/51 | 35,000 | 26,937 |
5.25% 05/15/52 | 50,000 | 50,694 |
State Street Total Return V.I.S. Fund | 85 |
Principal Amount | Fair Value | |
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
2.45% 10/29/26 | $ 75,000 | $ 65,291 |
3.30% 01/30/32 | 100,000 | 79,691 |
4.45% 10/01/25 - 04/03/26 | 325,000 | 311,849 |
Aetna Inc. | ||
3.50% 11/15/24 | 150,000 | 148,375 |
Aflac Inc. | ||
2.88% 10/15/26 | 100,000 | 96,232 |
African Development Bank | ||
0.88% 03/23/26 | 50,000 | 45,990 |
3.38% 07/07/25 | 100,000 | 100,516 |
Agilent Technologies Inc. | ||
2.75% 09/15/29 | 25,000 | 21,891 |
Air Lease Corp. | ||
3.88% 07/03/23 | 50,000 | 49,748 |
4.25% 02/01/24 | 100,000 | 98,911 |
Air Products & Chemicals Inc. | ||
2.05% 05/15/30 | 10,000 | 8,654 |
2.70% 05/15/40 | 25,000 | 19,882 |
Aircastle Ltd. | ||
4.13% 05/01/24 | 20,000 | 19,449 |
Alabama Power Co. | ||
3.45% 10/01/49 | 50,000 | 39,387 |
Albemarle Corp. | ||
5.05% 06/01/32 | 25,000 | 24,412 |
Alexandria Real Estate Equities Inc. | ||
2.00% 05/18/32 | 200,000 | 157,966 |
4.85% 04/15/49 | 50,000 | 46,746 |
Alibaba Group Holding Ltd. | ||
4.00% 12/06/37 | 100,000 | 86,434 |
Allegion PLC | ||
3.50% 10/01/29 | 15,000 | 13,302 |
Allina Health System | ||
2.90% 11/15/51 | 10,000 | 7,172 |
Ally Financial Inc. | ||
3.88% 05/21/24 | 75,000 | 74,224 |
Alphabet Inc. | ||
0.80% 08/15/27 | 150,000 | 130,308 |
2.05% 08/15/50 | 50,000 | 33,604 |
3.38% 02/25/24 | 50,000 | 50,267 |
Altria Group Inc. | ||
4.80% 02/14/29 | 40,000 | 37,908 |
5.80% 02/14/39 | 115,000 | 104,927 |
5.95% 02/14/49 | 40,000 | 35,106 |
Amazon.com Inc. | ||
1.65% 05/12/28 | 50,000 | 44,372 |
Principal Amount | Fair Value | |
3.00% 04/13/25 | $ 100,000 | $ 99,351 |
3.15% 08/22/27 | 50,000 | 48,704 |
3.30% 04/13/27 | 25,000 | 24,537 |
3.60% 04/13/32 | 50,000 | 48,189 |
3.95% 04/13/52 | 25,000 | 23,025 |
4.05% 08/22/47 | 100,000 | 93,775 |
4.10% 04/13/62 | 100,000 | 90,487 |
4.25% 08/22/57 | 50,000 | 46,946 |
Amcor Flexibles North America Inc. | ||
4.00% 05/17/25 | 15,000 | 14,825 |
America Movil SAB de C.V. | ||
6.13% 03/30/40 | 100,000 | 110,631 |
American Airlines 2019-1 Class AA Pass Through Trust | ||
3.15% 08/15/33 | 44,579 | 39,065 |
American Express Co. | ||
0.75% 11/03/23 | 50,000 | 48,417 |
3.00% 10/30/24 | 200,000 | 196,328 |
3.38% 05/03/24 | 25,000 | 24,836 |
3.63% 12/05/24 | 50,000 | 49,735 |
American Homes 4 Rent LP | ||
3.63% 04/15/32 | 20,000 | 17,503 |
American Honda Finance Corp. | ||
2.00% 03/24/28 | 150,000 | 133,009 |
2.40% 06/27/24 | 150,000 | 146,659 |
American International Group Inc. | ||
2.50% 06/30/25 | 100,000 | 95,424 |
4.38% 06/30/50 | 75,000 | 66,377 |
American Tower Corp. | ||
3.10% 06/15/50 | 25,000 | 17,288 |
3.13% 01/15/27 | 200,000 | 185,458 |
3.95% 03/15/29 | 100,000 | 93,123 |
4.05% 03/15/32 | 10,000 | 9,110 |
American Water Capital Corp. | ||
3.45% 06/01/29 | 50,000 | 46,994 |
4.45% 06/01/32 | 20,000 | 19,880 |
Ameriprise Financial Inc. | ||
4.50% 05/13/32 | 10,000 | 9,828 |
AmerisourceBergen Corp. | ||
3.45% 12/15/27 | 50,000 | 48,163 |
Amgen Inc. | ||
3.15% 02/21/40 | 125,000 | 99,174 |
3.20% 11/02/27 | 100,000 | 95,627 |
3.35% 02/22/32 | 30,000 | 27,470 |
4.40% 02/22/62 | 150,000 | 130,446 |
4.56% 06/15/48 | 50,000 | 45,963 |
86 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
Amphenol Corp. | ||
4.35% 06/01/29 | $ 25,000 | $ 24,534 |
Anheuser-Busch InBev Worldwide Inc. | ||
4.00% 04/13/28 | 55,000 | 54,317 |
4.75% 04/15/58 | 50,000 | 45,096 |
5.45% 01/23/39 | 150,000 | 152,352 |
5.55% 01/23/49 | 65,000 | 66,422 |
5.80% 01/23/59 | 125,000 | 130,204 |
8.00% 11/15/39 | 150,000 | 190,528 |
Aon Corp./Aon Global Holdings PLC | ||
2.05% 08/23/31 | 50,000 | 40,346 |
2.60% 12/02/31 | 35,000 | 29,501 |
Apple Inc. | ||
0.55% 08/20/25 | 50,000 | 45,876 |
1.20% 02/08/28 | 75,000 | 65,617 |
1.70% 08/05/31 | 50,000 | 41,915 |
2.40% 08/20/50 | 100,000 | 70,404 |
2.80% 02/08/61 | 50,000 | 35,790 |
3.00% 11/13/27 | 50,000 | 48,495 |
3.25% 02/23/26 | 300,000 | 297,777 |
3.75% 09/12/47 | 50,000 | 45,256 |
4.38% 05/13/45 | 65,000 | 64,243 |
4.65% 02/23/46 | 85,000 | 87,851 |
Applied Materials Inc. | ||
3.90% 10/01/25 | 60,000 | 60,585 |
Aptiv PLC/Aptiv Corp. | ||
2.40% 02/18/25 | 20,000 | 19,103 |
3.25% 03/01/32 | 25,000 | 21,239 |
4.15% 05/01/52 | 15,000 | 11,488 |
Arch Capital Finance LLC | ||
5.03% 12/15/46 | 50,000 | 46,976 |
Archer-Daniels-Midland Co. | ||
4.02% 04/16/43 | 100,000 | 90,759 |
Ares Capital Corp. | ||
3.88% 01/15/26 | 50,000 | 46,121 |
4.20% 06/10/24 | 65,000 | 63,769 |
Arizona Public Service Co. | ||
4.25% 03/01/49 | 25,000 | 21,557 |
Arrow Electronics Inc. | ||
4.00% 04/01/25 | 40,000 | 39,529 |
Asian Development Bank | ||
0.25% 07/14/23 | 135,000 | 131,439 |
0.38% 09/03/25 | 150,000 | 137,625 |
1.00% 04/14/26 | 50,000 | 46,183 |
1.63% 03/15/24 | 200,000 | 195,328 |
1.88% 03/15/29 | 50,000 | 46,063 |
3.13% 09/26/28 | 25,000 | 24,894 |
Principal Amount | Fair Value | |
6.22% 08/15/27 | $ 200,000 | $ 225,506 |
Assurant Inc. | ||
4.90% 03/27/28 | 50,000 | 49,568 |
AstraZeneca PLC | ||
0.70% 04/08/26 | 50,000 | 44,561 |
3.38% 11/16/25 | 150,000 | 148,539 |
3.50% 08/17/23 | 25,000 | 25,086 |
4.00% 01/17/29 | 20,000 | 19,929 |
6.45% 09/15/37 | 50,000 | 59,971 |
AT&T Inc. | ||
0.90% 03/25/24 | 50,000 | 47,779 |
1.70% 03/25/26 | 50,000 | 45,729 |
2.75% 06/01/31 | 50,000 | 43,210 |
3.50% 06/01/41 - 09/15/53 | 250,000 | 193,685 |
3.65% 09/15/59 | 200,000 | 149,866 |
4.30% 02/15/30 | 270,000 | 263,668 |
4.35% 06/15/45 | 50,000 | 43,637 |
4.50% 05/15/35 | 95,000 | 90,067 |
4.75% 05/15/46 | 50,000 | 46,377 |
Athene Holding Ltd. | ||
3.50% 01/15/31 | 10,000 | 8,463 |
Atmos Energy Corp. | ||
4.30% 10/01/48 | 50,000 | 46,474 |
Australia & New Zealand Banking Group Ltd. | ||
3.70% 11/16/25 | 50,000 | 49,830 |
Automatic Data Processing Inc. | ||
1.70% 05/15/28 | 20,000 | 18,007 |
AutoNation Inc. | ||
2.40% 08/01/31 | 50,000 | 38,420 |
AutoZone Inc. | ||
3.75% 04/18/29 | 50,000 | 47,217 |
AvalonBay Communities Inc. | ||
2.05% 01/15/32 | 35,000 | 28,992 |
3.20% 01/15/28 | 40,000 | 37,737 |
AXA S.A. | ||
8.60% 12/15/30 | 50,000 | 59,216 |
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc. | ||
4.08% 12/15/47 | 50,000 | 42,260 |
Baltimore Gas & Electric Co. | ||
4.55% 06/01/52 | 5,000 | 4,848 |
Banco Santander S.A. (4.18% fixed rate until 03/24/27; 2.00% + 1 year CMT Rate thereafter) | ||
4.18% 03/24/28 (g) | 100,000 | 95,566 |
State Street Total Return V.I.S. Fund | 87 |
Principal Amount | Fair Value | |
Bank of America Corp. | ||
4.18% 11/25/27 | $ 400,000 | $ 389,216 |
5.00% 01/21/44 | 50,000 | 48,824 |
6.11% 01/29/37 | 100,000 | 108,364 |
Bank of America Corp. (1.32% fixed rate until 06/19/25; 1.15% + SOFR thereafter) | ||
1.32% 06/19/26 (g) | 25,000 | 22,742 |
Bank of America Corp. (2.30% fixed rate until 07/21/31; 1.22% + SOFR thereafter) | ||
2.30% 07/21/32 (g) | 350,000 | 282,905 |
Bank of America Corp. (2.57% fixed rate until 10/20/31; 1.21% + SOFR thereafter) | ||
2.57% 10/20/32 (g) | 25,000 | 20,629 |
Bank of America Corp. (2.59% fixed rate until 04/29/30; 2.15% + SOFR thereafter) | ||
2.59% 04/29/31 (g) | 75,000 | 63,610 |
Bank of America Corp. (2.88% fixed rate until 10/22/29; 1.19% + 3 month USD LIBOR thereafter) | ||
2.88% 10/22/30 (g) | 100,000 | 87,466 |
Bank of America Corp. (2.97% fixed rate until 07/21/51; 1.56% + SOFR thereafter) | ||
2.97% 07/21/52 (g) | 50,000 | 35,650 |
Bank of America Corp. (3.09% fixed rate until 10/01/24; 1.09% + 3 month USD LIBOR thereafter) | ||
3.09% 10/01/25 (g) | 300,000 | 290,916 |
Bank of America Corp. (3.19% fixed rate until 07/23/29; 1.18% + 3 month USD LIBOR thereafter) | ||
3.19% 07/23/30 (g) | 50,000 | 44,723 |
Bank of America Corp. (3.37% fixed rate until 01/23/25; 0.81% + 3 month USD LIBOR thereafter) | ||
3.37% 01/23/26 (g) | 125,000 | 121,039 |
Bank of America Corp. (3.42% fixed rate until 12/20/27; 1.04% + 3 month USD LIBOR thereafter) | ||
3.42% 12/20/28 (g) | 107,000 | 99,665 |
Principal Amount | Fair Value | |
Bank of America Corp. (3.46% fixed rate until 03/15/24; 0.97% + 3 month USD LIBOR thereafter) | ||
3.46% 03/15/25 (g) | $ 100,000 | $ 98,724 |
Bank of America Corp. (3.97% fixed rate until 03/05/28; 1.07% + 3 month USD LIBOR thereafter) | ||
3.97% 03/05/29 (g) | 100,000 | 95,417 |
Bank of America Corp. (4.24% fixed rate until 04/24/37; 1.81% + 3 month USD LIBOR thereafter) | ||
4.24% 04/24/38 (g) | 50,000 | 46,018 |
Bank of America Corp. (4.33% fixed rate until 03/15/49; 1.52% + 3 month USD LIBOR thereafter) | ||
4.33% 03/15/50 (g) | 100,000 | 89,902 |
Bank of America Corp. (4.38% fixed rate until 04/27/27; 1.58% + SOFR thereafter) | ||
4.38% 04/27/28 (g) | 50,000 | 49,266 |
Bank of Montreal | ||
1.50% 01/10/25 | 150,000 | 141,517 |
Bank of Nova Scotia | ||
2.95% 03/11/27 | 50,000 | 47,070 |
Banner Health | ||
2.34% 01/01/30 | 75,000 | 66,183 |
Barclays PLC (1.01% fixed rate until 12/10/23; 0.80% + 1 year CMT Rate thereafter) | ||
1.01% 12/10/24 (g) | 100,000 | 94,911 |
Barclays PLC (3.56% fixed rate until 09/23/30; 2.90% + 5 year CMT Rate thereafter) | ||
3.56% 09/23/35 (g) | 100,000 | 79,400 |
Barclays PLC (4.97% fixed rate until 05/16/28; 1.90% + 3 month USD LIBOR thereafter) | ||
4.97% 05/16/29 (g) | 100,000 | 98,137 |
Barrick Gold Corp. | ||
5.25% 04/01/42 | 100,000 | 98,538 |
BAT Capital Corp. | ||
2.79% 09/06/24 | 100,000 | 96,519 |
3.56% 08/15/27 | 100,000 | 91,572 |
3.98% 09/25/50 | 100,000 | 68,012 |
4.39% 08/15/37 | 150,000 | 119,208 |
Baxter International Inc. | ||
2.27% 12/01/28 | 50,000 | 43,775 |
88 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
Becton Dickinson & Co. | ||
3.70% 06/06/27 | $ 66,000 | $ 63,886 |
Berkshire Hathaway Finance Corp. | ||
2.88% 03/15/32 | 25,000 | 22,419 |
4.20% 08/15/48 | 100,000 | 91,797 |
BHP Billiton Finance USA Ltd. | ||
6.42% 03/01/26 | 150,000 | 162,412 |
Biogen Inc. | ||
4.05% 09/15/25 | 100,000 | 99,005 |
Black Hills Corp. | ||
3.88% 10/15/49 | 25,000 | 20,082 |
4.35% 05/01/33 | 30,000 | 28,049 |
BlackRock Inc. | ||
2.40% 04/30/30 | 20,000 | 17,505 |
3.25% 04/30/29 | 60,000 | 56,626 |
Blackstone Private Credit Fund | ||
2.63% 12/15/26 (e) | 150,000 | 125,104 |
Blackstone Secured Lending Fund | ||
2.13% 02/15/27 | 150,000 | 126,811 |
Boardwalk Pipelines LP | ||
3.60% 09/01/32 | 25,000 | 21,205 |
Boston Properties LP | ||
3.40% 06/21/29 | 50,000 | 44,739 |
3.65% 02/01/26 | 100,000 | 97,094 |
Boston Scientific Corp. | ||
4.55% 03/01/39 | 50,000 | 46,491 |
BP Capital Markets America Inc. | ||
2.72% 01/12/32 | 35,000 | 30,153 |
2.77% 11/10/50 | 100,000 | 69,557 |
2.94% 06/04/51 | 100,000 | 71,459 |
3.41% 02/11/26 | 150,000 | 147,223 |
3.94% 09/21/28 | 25,000 | 24,429 |
BPCE S.A. | ||
4.00% 04/15/24 | 50,000 | 49,853 |
Brandywine Operating Partnership LP | ||
4.55% 10/01/29 | 25,000 | 23,852 |
Brighthouse Financial Inc. | ||
3.85% 12/22/51 | 50,000 | 34,017 |
Bristol-Myers Squibb Co. | ||
3.20% 06/15/26 | 200,000 | 197,390 |
3.40% 07/26/29 | 17,000 | 16,422 |
3.55% 03/15/42 | 15,000 | 13,158 |
3.70% 03/15/52 | 20,000 | 17,275 |
4.13% 06/15/39 | 15,000 | 14,349 |
4.35% 11/15/47 | 50,000 | 47,648 |
Principal Amount | Fair Value | |
4.55% 02/20/48 | $ 150,000 | $ 147,165 |
British Telecommunications PLC | ||
9.63% 12/15/30 | 50,000 | 62,196 |
Brixmor Operating Partnership LP | ||
3.90% 03/15/27 | 150,000 | 143,644 |
Broadcom Inc. | ||
3.15% 11/15/25 | 40,000 | 38,515 |
3.50% 02/15/41 (e) | 50,000 | 37,706 |
4.30% 11/15/32 | 130,000 | 118,264 |
4.75% 04/15/29 | 100,000 | 97,178 |
4.93% 05/15/37 (e) | 100,000 | 89,819 |
5.00% 04/15/30 | 100,000 | 98,310 |
Brookfield Finance Inc. | ||
3.90% 01/25/28 | 50,000 | 47,773 |
Brown & Brown Inc. | ||
4.20% 03/17/32 | 15,000 | 13,656 |
Brunswick Corp. | ||
4.40% 09/15/32 | 25,000 | 21,627 |
Burlington Northern Santa Fe LLC | ||
3.55% 02/15/50 | 50,000 | 41,808 |
5.40% 06/01/41 | 200,000 | 211,970 |
5.75% 05/01/40 | 75,000 | 82,500 |
California Institute of Technology | ||
3.65% 09/01/19 | 20,000 | 14,915 |
Camden Property Trust | ||
3.35% 11/01/49 | 10,000 | 7,823 |
4.10% 10/15/28 | 10,000 | 9,827 |
Campbell Soup Co. | ||
2.38% 04/24/30 | 15,000 | 12,669 |
4.15% 03/15/28 | 50,000 | 48,947 |
Canadian Imperial Bank of Commerce | ||
1.00% 10/18/24 | 50,000 | 46,816 |
3.30% 04/07/25 | 100,000 | 98,151 |
3.60% 04/07/32 | 10,000 | 9,081 |
Canadian National Railway Co. | ||
2.95% 11/21/24 | 55,000 | 54,119 |
Canadian Natural Resources Ltd. | ||
2.05% 07/15/25 | 50,000 | 46,836 |
Canadian Pacific Railway Co. | ||
1.75% 12/02/26 | 50,000 | 45,271 |
2.05% 03/05/30 | 20,000 | 16,929 |
2.90% 02/01/25 | 50,000 | 48,491 |
State Street Total Return V.I.S. Fund | 89 |
Principal Amount | Fair Value | |
Capital One Financial Corp. | ||
3.90% 01/29/24 | $ 75,000 | $ 75,014 |
4.20% 10/29/25 | 90,000 | 88,686 |
Capital One Financial Corp. (2.62% fixed rate until 11/02/31; 1.27% + SOFR thereafter) | ||
2.62% 11/02/32 (g) | 25,000 | 20,037 |
Capital One Financial Corp. (4.17% fixed rate until 05/09/24; 1.37% + SOFR thereafter) | ||
4.17% 05/09/25 (g) | 150,000 | 147,727 |
Carlisle Companies Inc. | ||
2.20% 03/01/32 | 50,000 | 39,136 |
Carrier Global Corp. | ||
2.24% 02/15/25 | 15,000 | 14,251 |
2.49% 02/15/27 | 15,000 | 13,689 |
3.58% 04/05/50 | 25,000 | 18,972 |
Caterpillar Financial Services Corp. | ||
0.45% 09/14/23 - 05/17/24 | 200,000 | 193,094 |
1.70% 01/08/27 | 20,000 | 18,335 |
2.85% 05/17/24 | 25,000 | 24,778 |
Caterpillar Inc. | ||
3.25% 04/09/50 | 50,000 | 41,382 |
CDW LLC/CDW Finance Corp. | ||
2.67% 12/01/26 | 70,000 | 62,415 |
Celulosa Arauco y Constitucion S.A. | ||
3.88% 11/02/27 | 100,000 | 92,189 |
Cenovus Energy Inc. | ||
6.80% 09/15/37 | 50,000 | 55,031 |
CenterPoint Energy Houston Electric LLC | ||
4.50% 04/01/44 | 50,000 | 48,382 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
2.80% 04/01/31 | 65,000 | 52,081 |
4.80% 03/01/50 | 295,000 | 233,717 |
4.91% 07/23/25 | 50,000 | 50,128 |
5.25% 04/01/53 | 25,000 | 21,323 |
Cheniere Corpus Christi Holdings LLC | ||
2.74% 12/31/39 | 55,000 | 42,717 |
Chevron Corp. | ||
2.90% 03/03/24 | 50,000 | 49,822 |
Principal Amount | Fair Value | |
Chevron USA Inc. | ||
3.25% 10/15/29 | $ 100,000 | $ 94,695 |
Chubb INA Holdings Inc. | ||
3.15% 03/15/25 | 150,000 | 147,232 |
4.35% 11/03/45 | 50,000 | 47,129 |
Church & Dwight Company Inc. | ||
5.00% 06/15/52 | 25,000 | 25,602 |
CI Financial Corp. | ||
4.10% 06/15/51 | 50,000 | 33,301 |
Cigna Corp. | ||
2.40% 03/15/30 | 15,000 | 12,879 |
3.75% 07/15/23 | 20,000 | 20,023 |
4.38% 10/15/28 | 240,000 | 237,806 |
4.50% 02/25/26 | 50,000 | 50,658 |
4.80% 08/15/38 | 30,000 | 29,211 |
4.90% 12/15/48 | 80,000 | 76,806 |
Cintas Corp. No 2 | ||
3.45% 05/01/25 | 5,000 | 4,983 |
Cisco Systems Inc. | ||
5.90% 02/15/39 | 50,000 | 56,919 |
Citigroup Inc. | ||
3.70% 01/12/26 | 150,000 | 147,226 |
3.88% 03/26/25 | 50,000 | 49,392 |
4.30% 11/20/26 | 100,000 | 98,725 |
4.75% 05/18/46 | 250,000 | 224,630 |
Citigroup Inc. (1.46% fixed rate until 06/09/26; 0.77% + SOFR thereafter) | ||
1.46% 06/09/27 (g) | 150,000 | 132,562 |
Citigroup Inc. (2.52% fixed rate until 11/03/31; 1.18% + SOFR thereafter) | ||
2.52% 11/03/32 (g) | 35,000 | 28,377 |
Citigroup Inc. (3.06% fixed rate until 01/25/32; 1.35% + SOFR thereafter) | ||
3.06% 01/25/33 (g) | 50,000 | 42,470 |
Citigroup Inc. (3.35% fixed rate until 04/24/24; 0.90% + 3 month USD LIBOR thereafter) | ||
3.35% 04/24/25 (g) | 100,000 | 98,057 |
Citigroup Inc. (3.52% fixed rate until 10/27/27; 1.15% + 3 month USD LIBOR thereafter) | ||
3.52% 10/27/28 (g) | 100,000 | 93,326 |
90 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
Citigroup Inc. (3.78% fixed rate until 03/17/32; 1.94% + SOFR thereafter) | ||
3.79% 03/17/33 (g) | $ 50,000 | $ 45,152 |
Citigroup Inc. (4.08% fixed rate until 04/23/28; 1.19% + 3 month USD LIBOR thereafter) | ||
4.08% 04/23/29 (g) | 75,000 | 71,357 |
Citigroup Inc. (5.32% fixed rate until 03/26/40; 4.55% + SOFR thereafter) | ||
5.32% 03/26/41 (g) | 100,000 | 100,469 |
Citizens Financial Group Inc. (5.64% fixed rate until 05/21/32; 2.75% + 5 year CMT Rate thereafter) | ||
5.64% 05/21/37 (g) | 50,000 | 49,163 |
Citrix Systems Inc. | ||
3.30% 03/01/30 | 25,000 | 24,426 |
CME Group Inc. | ||
2.65% 03/15/32 | 20,000 | 17,662 |
CNH Industrial Capital LLC | ||
3.95% 05/23/25 | 10,000 | 9,874 |
CNOOC Finance 2014 ULC | ||
4.25% 04/30/24 | 100,000 | 101,403 |
CNOOC Petroleum North America ULC | ||
6.40% 05/15/37 | 25,000 | 27,811 |
Comcast Corp. | ||
2.65% 02/01/30 | 35,000 | 31,257 |
2.94% 11/01/56 | 100,000 | 69,395 |
3.38% 08/15/25 | 50,000 | 49,409 |
3.40% 07/15/46 | 100,000 | 79,745 |
3.45% 02/01/50 | 135,000 | 107,511 |
3.55% 05/01/28 | 100,000 | 96,993 |
4.60% 10/15/38 | 30,000 | 29,059 |
4.70% 10/15/48 | 40,000 | 38,791 |
6.50% 11/15/35 | 150,000 | 175,045 |
Comerica Inc. | ||
4.00% 02/01/29 | 50,000 | 48,535 |
Commonwealth Edison Co. | ||
4.60% 08/15/43 | 100,000 | 96,585 |
Conagra Brands Inc. | ||
4.30% 05/01/24 | 5,000 | 5,019 |
5.30% 11/01/38 | 60,000 | 56,666 |
ConocoPhillips | ||
6.50% 02/01/39 | 50,000 | 58,721 |
Consolidated Edison Co. of New York Inc. | ||
4.30% 12/01/56 | 200,000 | 175,176 |
Principal Amount | Fair Value | |
Consolidated Edison Company of New York Inc. | ||
3.88% 06/15/47 | $ 50,000 | $ 41,862 |
4.13% 05/15/49 | 50,000 | 43,623 |
Constellation Brands Inc. | ||
3.50% 05/09/27 | 25,000 | 24,013 |
3.75% 05/01/50 | 5,000 | 3,991 |
4.35% 05/09/27 | 50,000 | 49,656 |
5.25% 11/15/48 | 15,000 | 14,804 |
Constellation Energy Generation LLC | ||
3.25% 06/01/25 | 45,000 | 43,155 |
Consumers Energy Co. | ||
4.05% 05/15/48 | 50,000 | 45,648 |
Continental Resources Inc. | �� | |
3.80% 06/01/24 | 85,000 | 84,204 |
Cooperatieve Rabobank UA | ||
0.38% 01/12/24 | 75,000 | 71,534 |
Corebridge Financial Inc. | ||
3.65% 04/05/27 (e) | 150,000 | 141,225 |
Corning Inc. | ||
3.90% 11/15/49 | 50,000 | 39,762 |
Council Of Europe Development Bank | ||
2.50% 02/27/24 | 150,000 | 148,728 |
Credit Suisse AG | ||
3.63% 09/09/24 | 50,000 | 49,074 |
Credit Suisse Group AG | ||
4.88% 05/15/45 | 50,000 | 42,788 |
Crown Castle International Corp. | ||
2.90% 03/15/27 | 100,000 | 92,530 |
3.15% 07/15/23 | 55,000 | 54,385 |
3.80% 02/15/28 | 25,000 | 23,603 |
5.20% 02/15/49 | 50,000 | 48,031 |
CSX Corp. | ||
4.25% 03/15/29 | 50,000 | 49,756 |
4.65% 03/01/68 | 100,000 | 91,241 |
CubeSmart LP | ||
4.38% 02/15/29 | 15,000 | 14,465 |
Cummins Inc. | ||
1.50% 09/01/30 | 50,000 | 40,528 |
CVS Health Corp. | ||
3.88% 07/20/25 | 50,000 | 49,802 |
4.10% 03/25/25 | 13,000 | 13,096 |
4.30% 03/25/28 | 193,000 | 191,087 |
4.78% 03/25/38 | 95,000 | 89,920 |
5.05% 03/25/48 | 190,000 | 181,782 |
D.R. Horton Inc. | ||
1.30% 10/15/26 | 55,000 | 47,479 |
State Street Total Return V.I.S. Fund | 91 |
Principal Amount | Fair Value | |
Darden Restaurants Inc. | ||
4.55% 02/15/48 | $ 15,000 | $ 12,411 |
Deere & Co. | ||
2.75% 04/15/25 | 75,000 | 73,399 |
Dell International LLC/EMC Corp. | ||
3.38% 12/15/41 (e) | 25,000 | 17,864 |
6.02% 06/15/26 | 75,000 | 77,789 |
6.20% 07/15/30 | 200,000 | 208,072 |
Delmarva Power & Light Co. | ||
4.15% 05/15/45 | 100,000 | 88,866 |
Deutsche Bank AG (2.22% fixed rate until 09/18/23; 2.16% + SOFR thereafter) | ||
2.22% 09/18/24 (g) | 100,000 | 96,636 |
Deutsche Bank AG (3.55% fixed rate until 09/18/30; 3.04% + SOFR thereafter) | ||
3.55% 09/18/31 (g) | 100,000 | 83,503 |
Deutsche Bank AG (3.96% fixed rate until 11/26/24; 2.58% + SOFR thereafter) | ||
3.96% 11/26/25 (g) | 50,000 | 48,437 |
Deutsche Telekom International Finance BV | ||
8.75% 06/15/30 | 50,000 | 61,768 |
Devon Energy Corp. | ||
5.00% 06/15/45 | 50,000 | 46,435 |
DH Europe Finance II SARL | ||
3.40% 11/15/49 | 25,000 | 20,207 |
Diageo Capital PLC | ||
2.13% 04/29/32 | 100,000 | 83,377 |
Digital Realty Trust LP | ||
4.45% 07/15/28 | 50,000 | 48,512 |
Discover Financial Services | ||
3.75% 03/04/25 | 100,000 | 98,513 |
Discovery Communications LLC | ||
4.65% 05/15/50 | 300,000 | 235,857 |
Dollar Tree Inc. | ||
4.00% 05/15/25 | 50,000 | 49,817 |
Dominion Energy Inc. | ||
1.45% 04/15/26 | 40,000 | 36,186 |
4.25% 06/01/28 | 50,000 | 49,271 |
4.70% 12/01/44 | 150,000 | 138,511 |
DTE Electric Co. | ||
3.70% 03/15/45 | 45,000 | 38,361 |
DTE Energy Co. | ||
1.05% 06/01/25 | 150,000 | 137,925 |
Principal Amount | Fair Value | |
Duke Energy Corp. | ||
3.95% 08/15/47 | $ 75,000 | $ 60,887 |
Duke Energy Corp. (3.25% fixed rate until 01/15/27; 2.32% + 5 year CMT Rate thereafter) | ||
3.25% 01/15/82 (g) | 25,000 | 19,347 |
Duke Energy Florida LLC | ||
6.35% 09/15/37 | 250,000 | 286,145 |
Duke Energy Ohio Inc. | ||
3.65% 02/01/29 | 100,000 | 95,572 |
4.30% 02/01/49 | 100,000 | 90,909 |
Duke Realty LP | ||
2.25% 01/15/32 | 50,000 | 41,489 |
DuPont de Nemours Inc. | ||
4.21% 11/15/23 | 50,000 | 50,300 |
5.32% 11/15/38 | 15,000 | 14,841 |
5.42% 11/15/48 | 40,000 | 39,759 |
Eagle Materials Inc. | ||
2.50% 07/01/31 | 25,000 | 19,725 |
eBay Inc. | ||
1.40% 05/10/26 | 50,000 | 44,997 |
Ecolab Inc. | ||
2.13% 02/01/32 | 25,000 | 21,106 |
3.25% 12/01/27 | 70,000 | 68,231 |
Edison International | ||
5.75% 06/15/27 | 100,000 | 101,691 |
Elevance Health Inc. | ||
3.65% 12/01/27 | 50,000 | 48,639 |
4.10% 05/15/32 | 50,000 | 48,681 |
4.38% 12/01/47 | 65,000 | 60,169 |
4.65% 01/15/43 | 50,000 | 47,579 |
Eli Lilly & Co. | ||
2.25% 05/15/50 | 50,000 | 35,316 |
2.75% 06/01/25 | 22,000 | 21,647 |
3.38% 03/15/29 | 13,000 | 12,669 |
Emera US Finance LP | ||
3.55% 06/15/26 | 60,000 | 57,470 |
Emerson Electric Co. | ||
2.75% 10/15/50 | 200,000 | 144,184 |
Emory University | ||
2.14% 09/01/30 | 40,000 | 34,977 |
Enbridge Energy Partners LP | ||
5.88% 10/15/25 | 75,000 | 78,367 |
Enbridge Inc. | ||
2.50% 08/01/33 | 25,000 | 20,217 |
Enel Chile S.A. | ||
4.88% 06/12/28 | 25,000 | 23,933 |
92 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
Energy Transfer LP | ||
4.95% 05/15/28 | $ 60,000 | $ 58,760 |
5.50% 06/01/27 | 300,000 | 304,452 |
6.00% 06/15/48 | 50,000 | 46,998 |
6.50% 02/01/42 | 50,000 | 50,130 |
Enstar Group Ltd. | ||
3.10% 09/01/31 | 10,000 | 7,927 |
Entergy Louisiana LLC | ||
4.20% 09/01/48 | 50,000 | 45,881 |
Entergy Texas Inc. | ||
4.00% 03/30/29 | 100,000 | 97,703 |
Enterprise Products Operating LLC | ||
4.20% 01/31/50 | 35,000 | 29,211 |
4.25% 02/15/48 | 25,000 | 21,072 |
4.45% 02/15/43 | 42,000 | 36,647 |
4.80% 02/01/49 | 25,000 | 22,690 |
6.45% 09/01/40 | 200,000 | 217,212 |
Enterprise Products Operating LLC (5.38% fixed rate until 02/15/28; 2.57% + 3 month USD LIBOR thereafter) | ||
5.38% 02/15/78 (g) | 50,000 | 39,730 |
EOG Resources Inc. | ||
4.38% 04/15/30 | 25,000 | 25,120 |
Equinix Inc. | ||
2.15% 07/15/30 | 65,000 | 52,783 |
2.63% 11/18/24 | 65,000 | 62,414 |
Equinor ASA | ||
3.95% 05/15/43 | 50,000 | 44,672 |
Essential Utilities Inc. | ||
2.70% 04/15/30 | 25,000 | 21,850 |
Essex Portfolio LP | ||
3.00% 01/15/30 | 150,000 | 132,754 |
European Bank for Reconstruction & Development | ||
1.63% 09/27/24 | 75,000 | 72,730 |
European Investment Bank | ||
0.38% 12/15/25 - 03/26/26 | 350,000 | 316,357 |
1.38% 03/15/27 | 50,000 | 46,150 |
1.88% 02/10/25 | 100,000 | 97,029 |
2.25% 06/24/24 | 50,000 | 49,220 |
2.63% 03/15/24 | 185,000 | 183,714 |
2.75% 08/15/25 | 20,000 | 19,789 |
4.88% 02/15/36 | 100,000 | 116,348 |
Evergy Metro Inc. | ||
4.20% 06/15/47 | 100,000 | 89,742 |
Principal Amount | Fair Value | |
Eversource Energy | ||
2.90% 10/01/24 | $ 100,000 | $ 97,727 |
4.60% 07/01/27 | 20,000 | 20,167 |
Exelon Corp. | ||
4.10% 03/15/52 (e) | 50,000 | 42,897 |
Expedia Group Inc. | ||
3.25% 02/15/30 | 35,000 | 29,066 |
Extra Space Storage LP | ||
3.90% 04/01/29 | 5,000 | 4,689 |
Exxon Mobil Corp. | ||
2.99% 03/19/25 | 50,000 | 49,270 |
3.04% 03/01/26 | 50,000 | 49,082 |
4.23% 03/19/40 | 50,000 | 47,216 |
4.33% 03/19/50 | 200,000 | 188,840 |
Fairfax Financial Holdings Ltd. | ||
4.63% 04/29/30 | 25,000 | 24,006 |
Federal Realty Investment Trust | ||
3.20% 06/15/29 | 50,000 | 44,996 |
FedEx Corp. | ||
4.05% 02/15/48 | 100,000 | 83,885 |
5.10% 01/15/44 | 200,000 | 192,506 |
Fidelity National Financial Inc. | ||
4.50% 08/15/28 | 25,000 | 24,054 |
Fidelity National Information Services Inc. | ||
0.60% 03/01/24 | 50,000 | 47,323 |
Fifth Third Bancorp (1.71% fixed rate until 11/01/26; 0.69% + SOFR thereafter) | ||
1.71% 11/01/27 (g) | 25,000 | 22,153 |
Fifth Third Bancorp (4.06% fixed rate until 04/25/27; 1.36% + SOFR thereafter) | ||
4.06% 04/25/28 (g) | 30,000 | 29,276 |
Fiserv Inc. | ||
3.50% 07/01/29 | 195,000 | 177,863 |
3.80% 10/01/23 | 25,000 | 25,044 |
Flex Ltd. | ||
4.88% 06/15/29 | 25,000 | 24,116 |
Florida Power & Light Co. | ||
4.13% 02/01/42 | 50,000 | 47,084 |
5.95% 02/01/38 | 100,000 | 112,980 |
Fomento Economico Mexicano SAB de C.V. | ||
3.50% 01/16/50 | 75,000 | 58,041 |
Fortune Brands Home & Security Inc. | ||
4.00% 03/25/32 | 25,000 | 22,136 |
State Street Total Return V.I.S. Fund | 93 |
Principal Amount | Fair Value | |
Fox Corp. | ||
4.03% 01/25/24 | $ 125,000 | $ 124,997 |
Freeport-McMoRan Inc. | ||
4.63% 08/01/30 | 100,000 | 92,735 |
FS KKR Capital Corp. | ||
4.13% 02/01/25 | 25,000 | 23,721 |
GATX Corp. | ||
3.50% 03/15/28 | 25,000 | 23,343 |
GE Capital International Funding Company Unlimited Co. | ||
4.42% 11/15/35 | 100,000 | 93,593 |
General Dynamics Corp. | ||
3.75% 05/15/28 | 55,000 | 54,122 |
4.25% 04/01/40 | 200,000 | 191,354 |
General Mills Inc. | ||
2.88% 04/15/30 | 200,000 | 176,648 |
General Motors Co. | ||
5.15% 04/01/38 | 300,000 | 262,680 |
5.40% 10/02/23 | 100,000 | 101,528 |
General Motors Financial Company Inc. | ||
4.30% 04/06/29 | 50,000 | 46,069 |
5.00% 04/09/27 | 15,000 | 14,712 |
5.25% 03/01/26 | 55,000 | 55,092 |
Georgia Power Co. | �� | |
2.65% 09/15/29 | 75,000 | 66,016 |
4.70% 05/15/32 | 25,000 | 25,116 |
Gilead Sciences Inc. | ||
3.65% 03/01/26 | 225,000 | 221,643 |
3.70% 04/01/24 | 50,000 | 50,067 |
4.80% 04/01/44 | 50,000 | 48,437 |
5.65% 12/01/41 | 50,000 | 53,488 |
GlaxoSmithKline Capital Inc. | ||
3.63% 05/15/25 | 55,000 | 55,151 |
GlaxoSmithKline Capital PLC | ||
3.38% 06/01/29 | 75,000 | 72,323 |
Global Payments Inc. | ||
2.65% 02/15/25 | 100,000 | 95,363 |
Globe Life Inc. | ||
4.80% 06/15/32 | 15,000 | 14,776 |
GLP Capital LP/GLP Financing II Inc. | ||
4.00% 01/15/31 | 50,000 | 43,345 |
5.25% 06/01/25 | 10,000 | 9,824 |
5.38% 04/15/26 | 20,000 | 19,572 |
5.75% 06/01/28 | 10,000 | 9,765 |
Halliburton Co. | ||
3.50% 08/01/23 | 6,000 | 6,005 |
5.00% 11/15/45 | 50,000 | 45,870 |
Principal Amount | Fair Value | |
Hasbro Inc. | ||
3.00% 11/19/24 | $ 50,000 | $ 48,642 |
HCA Inc. | ||
5.00% 03/15/24 | 50,000 | 50,172 |
5.25% 04/15/25 | 35,000 | 35,089 |
5.38% 09/01/26 | 200,000 | 198,330 |
5.50% 06/15/47 | 85,000 | 76,060 |
Hewlett Packard Enterprise Co. | ||
4.45% 10/02/23 | 100,000 | 100,835 |
6.35% 10/15/45 | 50,000 | 50,297 |
Highwoods Realty LP | ||
4.20% 04/15/29 | 25,000 | 23,382 |
Honeywell International Inc. | ||
3.35% 12/01/23 | 50,000 | 50,159 |
5.38% 03/01/41 | 50,000 | 54,114 |
Host Hotels & Resorts LP | ||
3.38% 12/15/29 | 50,000 | 42,226 |
HP Inc. | ||
4.20% 04/15/32 | 25,000 | 22,316 |
5.50% 01/15/33 | 15,000 | 14,645 |
6.00% 09/15/41 | 37,000 | 37,434 |
HSBC Holdings PLC | ||
4.95% 03/31/30 | 100,000 | 98,743 |
5.25% 03/14/44 | 75,000 | 69,802 |
HSBC Holdings PLC (3.80% fixed rate until 03/11/24; 1.21% + 3 month USD LIBOR thereafter) | ||
3.80% 03/11/25 (g) | 100,000 | 98,611 |
HSBC Holdings PLC (3.97% fixed rate until 05/22/29; 1.61% + 3 month USD LIBOR thereafter) | ||
3.97% 05/22/30 (g) | 100,000 | 92,131 |
HSBC Holdings PLC (4.29% fixed rate until 09/12/25; 1.35% + 3 month USD LIBOR thereafter) | ||
4.29% 09/12/26 (g) | 400,000 | 391,280 |
HSBC Holdings PLC (4.76% fixed rate until 03/29/32; 2.53% + SOFR thereafter) | ||
4.76% 03/29/33 (g) | 100,000 | 92,364 |
Hubbell Inc. | ||
3.50% 02/15/28 | 50,000 | 47,966 |
Humana Inc. | ||
1.35% 02/03/27 | 200,000 | 175,122 |
3.70% 03/23/29 | 20,000 | 18,931 |
94 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
Huntington Bancshares Inc. (5.02% fixed rate until 05/17/32; 2.05% + SOFR thereafter) | ||
5.02% 05/17/33 (g) | $ 35,000 | $ 34,654 |
Huntsman International LLC | ||
4.50% 05/01/29 | 20,000 | 18,817 |
Hyatt Hotels Corp. | ||
6.00% 04/23/30 | 25,000 | 25,118 |
IDEX Corp. | ||
3.00% 05/01/30 | 10,000 | 8,698 |
Illinois Tool Works Inc. | ||
2.65% 11/15/26 | 50,000 | 47,812 |
Indiana University Health Inc. Obligated Group | ||
2.85% 11/01/51 | 15,000 | 10,918 |
ING Groep N.V. | ||
4.05% 04/09/29 | 50,000 | 46,934 |
Intel Corp. | ||
2.45% 11/15/29 | 50,000 | 44,599 |
3.75% 03/25/27 | 50,000 | 50,232 |
4.60% 03/25/40 | 100,000 | 97,685 |
4.95% 03/25/60 | 100,000 | 101,478 |
Inter-American Development Bank | ||
1.13% 01/13/31 | 75,000 | 63,588 |
2.13% 01/15/25 | 125,000 | 122,106 |
2.25% 06/18/29 | 150,000 | 141,039 |
2.38% 07/07/27 | 100,000 | 96,339 |
2.63% 01/16/24 | 100,000 | 99,367 |
7.00% 06/15/25 | 200,000 | 220,896 |
Intercontinental Exchange Inc. | ||
2.65% 09/15/40 | 50,000 | 36,599 |
3.00% 06/15/50 | 15,000 | 10,944 |
3.65% 05/23/25 | 25,000 | 24,839 |
4.60% 03/15/33 | 15,000 | 14,911 |
5.20% 06/15/62 | 150,000 | 149,536 |
International Bank for Reconstruction & Development | ||
0.75% 11/24/27 | 135,000 | 118,912 |
1.25% 02/10/31 | 150,000 | 128,391 |
1.75% 10/23/29 | 250,000 | 226,770 |
2.50% 03/19/24 - 07/29/25 | 500,000 | 494,036 |
International Business Machines Corp. | ||
3.50% 05/15/29 | 130,000 | 123,114 |
4.00% 06/20/42 | 50,000 | 43,309 |
4.25% 05/15/49 | 200,000 | 176,716 |
6.22% 08/01/27 | 100,000 | 109,271 |
Principal Amount | Fair Value | |
International Finance Corp. | ||
0.38% 07/16/25 | $ 100,000 | $ 92,144 |
International Flavors & Fragrances Inc. | ||
5.00% 09/26/48 | 15,000 | 14,016 |
International Paper Co. | ||
4.80% 06/15/44 | 150,000 | 138,673 |
Intuit Inc. | ||
0.65% 07/15/23 | 65,000 | 63,161 |
Invitation Homes Operating Partnership LP | ||
2.30% 11/15/28 | 15,000 | 12,614 |
2.70% 01/15/34 | 15,000 | 11,534 |
Jabil Inc. | ||
4.25% 05/15/27 | 15,000 | 14,555 |
Jefferies Group LLC | ||
2.75% 10/15/32 | 35,000 | 26,559 |
John Deere Capital Corp. | ||
1.45% 01/15/31 | 70,000 | 56,939 |
2.35% 03/08/27 | 25,000 | 23,460 |
3.35% 04/18/29 | 50,000 | 48,003 |
Johnson & Johnson | ||
3.40% 01/15/38 | 25,000 | 22,516 |
3.50% 01/15/48 | 30,000 | 26,813 |
3.55% 03/01/36 | 200,000 | 189,636 |
4.38% 12/05/33 | 50,000 | 51,713 |
JPMorgan Chase & Co. | ||
3.63% 12/01/27 | 100,000 | 96,045 |
6.40% 05/15/38 | 100,000 | 113,752 |
JPMorgan Chase & Co. (0.77% fixed rate until 08/09/24; 0.49% + SOFR thereafter) | ||
0.77% 08/09/25 (g) | 50,000 | 46,415 |
JPMorgan Chase & Co. (1.06% fixed rate until 11/19/25; 0.80% + SOFR thereafter) | ||
1.05% 11/19/26 (g) | 150,000 | 133,498 |
JPMorgan Chase & Co. (2.58% fixed rate until 04/22/31; 1.25% + SOFR thereafter) | ||
2.58% 04/22/32 (g) | 75,000 | 63,151 |
JPMorgan Chase & Co. (2.95% fixed rate until 02/24/27; 1.17% + SOFR thereafter) | ||
2.95% 02/24/28 (g) | 30,000 | 27,796 |
State Street Total Return V.I.S. Fund | 95 |
Principal Amount | Fair Value | |
JPMorgan Chase & Co. (2.96% fixed rate until 05/13/30; 2.52% + SOFR thereafter) | ||
2.96% 05/13/31 (g) | $ 35,000 | $ 30,288 |
JPMorgan Chase & Co. (3.54% fixed rate until 05/01/27; 1.38% + 3 month USD LIBOR thereafter) | ||
3.54% 05/01/28 (g) | 50,000 | 47,367 |
JPMorgan Chase & Co. (3.70% fixed rate until 05/06/29; 1.16% + 3 month USD LIBOR thereafter) | ||
3.70% 05/06/30 (g) | 75,000 | 69,843 |
JPMorgan Chase & Co. (3.80% fixed rate until 07/23/23; 0.89% + 3 month USD LIBOR thereafter) | ||
3.80% 07/23/24 (g) | 100,000 | 99,711 |
JPMorgan Chase & Co. (3.88% fixed rate until 07/24/37; 1.36% + 3 month USD LIBOR thereafter) | ||
3.88% 07/24/38 (g) | 50,000 | 44,097 |
JPMorgan Chase & Co. (3.90% fixed rate until 01/23/48; 1.22% + 3 month USD LIBOR thereafter) | ||
3.90% 01/23/49 (g) | 25,000 | 21,080 |
JPMorgan Chase & Co. (3.96% fixed rate until 01/29/26; 1.25% + 3 month USD LIBOR thereafter) | ||
3.96% 01/29/27 (g) | 450,000 | 440,244 |
JPMorgan Chase & Co. (3.96% fixed rate until 11/15/47; 1.38% + 3 month USD LIBOR thereafter) | ||
3.96% 11/15/48 (g) | 100,000 | 85,241 |
JPMorgan Chase & Co. (4.02% fixed rate until 12/05/23; 1.00% + 3 month USD LIBOR thereafter) | ||
4.02% 12/05/24 (g) | 50,000 | 49,836 |
JPMorgan Chase & Co. (4.26% fixed rate until 02/22/47; 1.58% + 3 month USD LIBOR thereafter) | ||
4.26% 02/22/48 (g) | 50,000 | 44,465 |
Principal Amount | Fair Value | |
JPMorgan Chase & Co. (4.45% fixed rate until 12/05/28; 1.33% + 3 month USD LIBOR thereafter) | ||
4.45% 12/05/29 (g) | $ 50,000 | $ 48,673 |
JPMorgan Chase & Co. (4.57% fixed rate until 06/14/29; 1.75% + SOFR thereafter) | ||
4.57% 06/14/30 (g) | 70,000 | 68,823 |
JPMorgan Chase & Co. (4.59% fixed rate until 04/26/32; 1.80% + SOFR thereafter) | ||
4.59% 04/26/33 (g) | 140,000 | 137,662 |
Kaiser Foundation Hospitals | ||
3.00% 06/01/51 | 70,000 | 52,339 |
Kansas City Southern | ||
4.70% 05/01/48 | 50,000 | 46,854 |
Kellogg Co. | ||
4.50% 04/01/46 | 150,000 | 137,673 |
Kemper Corp. | ||
3.80% 02/23/32 | 25,000 | 22,088 |
Kennametal Inc. | ||
4.63% 06/15/28 | 25,000 | 24,351 |
Kentucky Utilities Co. | ||
4.38% 10/01/45 | 40,000 | 36,384 |
Keurig Dr Pepper Inc. | ||
4.05% 04/15/32 | 35,000 | 32,752 |
4.50% 04/15/52 | 100,000 | 88,069 |
KeyCorp. (3.88% fixed rate until 05/23/24; 1.25% + SOFR thereafter) | ||
3.88% 05/23/25 (g) | 20,000 | 19,862 |
Keysight Technologies Inc. | ||
3.00% 10/30/29 | 25,000 | 22,264 |
Kilroy Realty LP | ||
3.45% 12/15/24 | 50,000 | 48,753 |
Kimberly-Clark Corp. | ||
1.05% 09/15/27 | 25,000 | 21,818 |
2.00% 11/02/31 | 50,000 | 42,034 |
Kimco Realty Corp. | ||
3.70% 10/01/49 | 50,000 | 38,826 |
Kinder Morgan Energy Partners LP | ||
5.00% 08/15/42 | 50,000 | 43,783 |
Kinder Morgan Inc. | ||
1.75% 11/15/26 | 30,000 | 26,609 |
3.60% 02/15/51 | 25,000 | 18,358 |
5.05% 02/15/46 | 50,000 | 44,684 |
96 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
KLA Corp. | ||
4.65% 11/01/24 | $ 65,000 | $ 65,807 |
4.95% 07/15/52 | 25,000 | 25,131 |
Kraft Heinz Foods Co. | ||
6.88% 01/26/39 | 150,000 | 164,880 |
Kreditanstalt fuer Wiederaufbau | ||
0.38% 07/18/25 | 50,000 | 46,043 |
0.75% 09/30/30 | 75,000 | 62,184 |
1.25% 01/31/25 | 150,000 | 143,289 |
2.00% 05/02/25 | 250,000 | 242,602 |
3.00% 05/20/27 | 150,000 | 148,990 |
L3Harris Technologies Inc. | ||
3.83% 04/27/25 | 50,000 | 49,376 |
4.85% 04/27/35 | 40,000 | 39,241 |
Laboratory Corporation of America Holdings | ||
4.00% 11/01/23 | 100,000 | 100,313 |
Lam Research Corp. | ||
3.80% 03/15/25 | 65,000 | 65,051 |
Landwirtschaftliche Rentenbank | ||
3.13% 11/14/23 | 200,000 | 200,276 |
Lear Corp. | ||
4.25% 05/15/29 | 25,000 | 23,133 |
Lennar Corp. | ||
5.25% 06/01/26 | 100,000 | 100,847 |
Life Storage LP | ||
4.00% 06/15/29 | 50,000 | 45,703 |
Lloyds Banking Group PLC | ||
4.65% 03/24/26 | 50,000 | 49,072 |
Lloyds Banking Group PLC (3.57% fixed rate until 11/07/27; 1.21% + 3 month USD LIBOR thereafter) | ||
3.57% 11/07/28 (g) | 200,000 | 187,272 |
Lockheed Martin Corp. | ||
4.15% 06/15/53 | 45,000 | 42,143 |
4.70% 05/15/46 | 50,000 | 50,475 |
Lowe's Companies Inc. | ||
1.70% 10/15/30 | 45,000 | 36,142 |
2.50% 04/15/26 | 80,000 | 75,706 |
2.63% 04/01/31 | 25,000 | 21,414 |
3.00% 10/15/50 | 30,000 | 20,918 |
3.38% 09/15/25 | 30,000 | 29,478 |
4.25% 04/01/52 | 50,000 | 43,278 |
5.00% 04/15/40 | 150,000 | 146,005 |
LYB International Finance BV | ||
4.88% 03/15/44 | 75,000 | 67,686 |
Principal Amount | Fair Value | |
LYB International Finance III LLC | ||
3.80% 10/01/60 | $ 200,000 | $ 141,768 |
Magallanes Inc. | ||
3.64% 03/15/25 (e) | 100,000 | 97,056 |
3.76% 03/15/27 (e) | 75,000 | 70,387 |
4.28% 03/15/32 (e) | 115,000 | 102,740 |
5.05% 03/15/42 (e) | 15,000 | 12,757 |
5.39% 03/15/62 (e) | 15,000 | 12,580 |
Magellan Midstream Partners LP | ||
3.95% 03/01/50 | 50,000 | 39,457 |
Manulife Financial Corp. | ||
3.70% 03/16/32 | 50,000 | 45,968 |
Marathon Petroleum Corp. | ||
3.63% 09/15/24 | 50,000 | 49,519 |
4.50% 04/01/48 | 25,000 | 21,084 |
Markel Corp. | ||
3.50% 11/01/27 | 50,000 | 47,979 |
Marriott International Inc. | ||
4.63% 06/15/30 | 65,000 | 61,994 |
5.75% 05/01/25 | 40,000 | 41,436 |
Marsh & McLennan Companies Inc. | ||
4.38% 03/15/29 | 25,000 | 24,703 |
Martin Marietta Materials Inc. | ||
3.50% 12/15/27 | 50,000 | 47,249 |
Massachusetts Institute of Technology | ||
3.89% 07/01/16 | 126,000 | 105,660 |
Mastercard Inc. | ||
2.00% 03/03/25 | 100,000 | 96,435 |
2.95% 11/21/26 | 50,000 | 48,743 |
McCormick & Company Inc. | ||
0.90% 02/15/26 | 100,000 | 88,749 |
McDonald's Corp. | ||
3.50% 07/01/27 | 25,000 | 24,489 |
3.63% 09/01/49 | 55,000 | 45,090 |
3.70% 01/30/26 - 02/15/42 | 150,000 | 142,109 |
3.80% 04/01/28 | 50,000 | 49,090 |
MDC Holdings Inc. | ||
3.97% 08/06/61 | 25,000 | 14,416 |
Memorial Sloan-Kettering Cancer Center | ||
4.13% 07/01/52 | 95,000 | 88,213 |
Merck & Co. Inc. | ||
3.70% 02/10/45 | 200,000 | 175,772 |
Merck & Company Inc. | ||
2.75% 12/10/51 | 50,000 | 37,054 |
3.40% 03/07/29 | 75,000 | 72,616 |
State Street Total Return V.I.S. Fund | 97 |
Principal Amount | Fair Value | |
4.00% 03/07/49 | $ 40,000 | $ 36,956 |
Mercy Health | ||
4.30% 07/01/28 | 100,000 | 100,537 |
MetLife Inc. | ||
4.13% 08/13/42 | 50,000 | 44,930 |
6.50% 12/15/32 | 50,000 | 57,227 |
Microchip Technology Inc. | ||
4.25% 09/01/25 | 75,000 | 73,167 |
Micron Technology Inc. | ||
4.66% 02/15/30 | 75,000 | 71,976 |
Microsoft Corp. | ||
2.53% 06/01/50 | 200,000 | 147,242 |
2.70% 02/12/25 | 200,000 | 198,528 |
2.88% 02/06/24 | 50,000 | 49,930 |
3.04% 03/17/62 | 75,000 | 58,405 |
3.30% 02/06/27 | 100,000 | 99,755 |
3.45% 08/08/36 | 48,000 | 45,326 |
Mitsubishi UFJ Financial Group Inc. | ||
2.56% 02/25/30 | 50,000 | 42,899 |
2.76% 09/13/26 | 50,000 | 46,778 |
3.85% 03/01/26 | 350,000 | 343,728 |
4.05% 09/11/28 | 100,000 | 96,425 |
4.15% 03/07/39 | 25,000 | 22,942 |
Mizuho Financial Group Inc. | ||
4.02% 03/05/28 | 100,000 | 95,669 |
Mizuho Financial Group Inc. (2.84% fixed rate until 07/16/24; 1.24% + SOFR thereafter) | ||
2.84% 07/16/25 (g) | 100,000 | 96,746 |
Mondelez International Inc. | ||
2.75% 04/13/30 | 200,000 | 175,566 |
Moody's Corp. | ||
3.25% 05/20/50 | 50,000 | 37,031 |
Morgan Stanley | ||
4.00% 07/23/25 | 95,000 | 95,028 |
4.35% 09/08/26 | 50,000 | 49,488 |
4.38% 01/22/47 | 150,000 | 136,116 |
Morgan Stanley (2.19% fixed rate until 04/28/25; 1.99% + SOFR thereafter) | ||
2.19% 04/28/26 (g) | 300,000 | 281,373 |
Morgan Stanley (2.51% fixed rate until 10/20/31; 1.20% + SOFR thereafter) | ||
2.51% 10/20/32 (g) | 75,000 | 62,103 |
Principal Amount | Fair Value | |
Morgan Stanley (2.72% fixed rate until 07/22/24; 1.15% + SOFR thereafter) | ||
2.72% 07/22/25 (g) | $ 115,000 | $ 110,938 |
Morgan Stanley (2.80% fixed rate until 01/25/51; 1.43% + SOFR thereafter) | ||
2.80% 01/25/52 (g) | 50,000 | 34,603 |
Morgan Stanley (3.77% fixed rate until 01/24/28; 1.14% + 3 month USD LIBOR thereafter) | ||
3.77% 01/24/29 (g) | 100,000 | 95,058 |
Morgan Stanley (4.21% fixed rate until 04/20/27; 1.61% + SOFR thereafter) | ||
4.21% 04/20/28 (g) | 200,000 | 195,660 |
Morgan Stanley (4.46% fixed rate until 04/22/38; 1.43% + 3 month USD LIBOR thereafter) | ||
4.46% 04/22/39 (g) | 100,000 | 93,513 |
Motorola Solutions Inc. | ||
5.60% 06/01/32 | 50,000 | 50,406 |
MPLX LP | ||
4.00% 03/15/28 | 35,000 | 33,194 |
4.50% 07/15/23 | 50,000 | 50,107 |
4.80% 02/15/29 | 70,000 | 68,918 |
5.50% 02/15/49 | 50,000 | 46,441 |
Mylan Inc. | ||
4.55% 04/15/28 | 50,000 | 47,632 |
Nasdaq Inc. | ||
3.25% 04/28/50 | 20,000 | 14,586 |
National Bank of Canada (0.55% fixed rate until 11/15/23; 0.40% + 1 year CMT Rate thereafter) | ||
0.55% 11/15/24 (g) | 50,000 | 47,708 |
National Fuel Gas Co. | ||
4.75% 09/01/28 | 50,000 | 48,721 |
National Retail Properties Inc. | ||
3.60% 12/15/26 | 100,000 | 96,340 |
National Rural Utilities Cooperative Finance Corp. | ||
1.35% 03/15/31 | 50,000 | 38,804 |
3.45% 06/15/25 | 15,000 | 14,886 |
3.90% 11/01/28 | 100,000 | 97,665 |
4.40% 11/01/48 | 10,000 | 9,329 |
Natwest Group PLC | ||
3.88% 09/12/23 | 100,000 | 99,747 |
98 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
Natwest Group PLC (4.89% fixed rate until 05/18/28; 1.75% + 3 month USD LIBOR thereafter) | ||
4.89% 05/18/29 (g) | $ 100,000 | $ 96,938 |
Nevada Power Co. | ||
3.70% 05/01/29 | 125,000 | 120,402 |
Newmont Corp. | ||
2.60% 07/15/32 | 50,000 | 41,254 |
NextEra Energy Capital Holdings Inc. | ||
2.94% 03/21/24 | 40,000 | 39,454 |
3.50% 04/01/29 | 50,000 | 46,669 |
NIKE Inc. | ||
2.75% 03/27/27 | 50,000 | 48,112 |
3.25% 03/27/40 | 50,000 | 42,825 |
NiSource Inc. | ||
0.95% 08/15/25 | 150,000 | 134,601 |
Nomura Holdings Inc. | ||
1.85% 07/16/25 | 100,000 | 91,802 |
Nordic Investment Bank | ||
0.38% 09/11/25 | 75,000 | 68,799 |
Norfolk Southern Corp. | ||
3.70% 03/15/53 | 25,000 | 20,575 |
3.80% 08/01/28 | 30,000 | 29,463 |
3.94% 11/01/47 | 60,000 | 52,096 |
Northern Trust Corp. | ||
1.95% 05/01/30 | 40,000 | 33,957 |
Northrop Grumman Corp. | ||
2.93% 01/15/25 | 50,000 | 48,953 |
4.03% 10/15/47 | 50,000 | 44,385 |
Northwell Healthcare Inc. | ||
3.81% 11/01/49 | 50,000 | 41,274 |
Northwestern University | ||
3.66% 12/01/57 | 10,000 | 8,663 |
Novartis Capital Corp. | ||
3.00% 11/20/25 | 150,000 | 148,024 |
4.40% 05/06/44 | 50,000 | 49,921 |
Nucor Corp. | ||
2.00% 06/01/25 | 35,000 | 32,939 |
3.13% 04/01/32 | 10,000 | 8,717 |
NVIDIA Corp. | ||
0.58% 06/14/24 | 40,000 | 37,957 |
1.55% 06/15/28 | 50,000 | 43,859 |
NXP BV/NXP Funding LLC | ||
5.55% 12/01/28 | 100,000 | 101,978 |
Oesterreichische Kontrollbank AG | ||
2.88% 05/23/25 | 25,000 | 24,811 |
Principal Amount | Fair Value | |
Office Properties Income Trust | ||
4.50% 02/01/25 | $ 75,000 | $ 71,813 |
Oglethorpe Power Corp. | ||
4.50% 04/01/47 (e) | 15,000 | 12,869 |
Ohio Power Co. | ||
1.63% 01/15/31 | 100,000 | 80,730 |
OhioHealth Corp. | ||
2.83% 11/15/41 | 25,000 | 19,271 |
Oklahoma Gas & Electric Co. | ||
3.30% 03/15/30 | 50,000 | 46,168 |
Omega Healthcare Investors Inc. | ||
5.25% 01/15/26 | 150,000 | 148,548 |
Oncor Electric Delivery Co LLC | ||
4.15% 06/01/32 (e) | 20,000 | 20,096 |
Oncor Electric Delivery Co. LLC | ||
3.80% 06/01/49 | 50,000 | 44,086 |
ONE Gas Inc. | ||
1.10% 03/11/24 | 25,000 | 23,771 |
4.50% 11/01/48 | 20,000 | 17,704 |
ONEOK Inc. | ||
4.35% 03/15/29 | 50,000 | 47,016 |
ONEOK Partners LP | ||
6.13% 02/01/41 | 62,000 | 59,196 |
Oracle Corp. | ||
2.65% 07/15/26 | 100,000 | 92,201 |
3.25% 05/15/30 | 50,000 | 43,334 |
3.60% 04/01/40 | 50,000 | 37,447 |
3.95% 03/25/51 | 80,000 | 58,740 |
4.00% 07/15/46 | 100,000 | 74,197 |
4.30% 07/08/34 | 100,000 | 87,721 |
4.38% 05/15/55 | 200,000 | 150,764 |
4.50% 07/08/44 | 75,000 | 61,323 |
Orange S.A. | ||
9.00% 03/01/31 | 50,000 | 64,527 |
O'Reilly Automotive Inc. | ||
4.70% 06/15/32 | 25,000 | 24,923 |
ORIX Corp. | ||
4.00% 04/13/32 | 25,000 | 23,867 |
Otis Worldwide Corp. | ||
2.06% 04/05/25 | 150,000 | 142,032 |
Owens Corning | ||
3.88% 06/01/30 | 50,000 | 45,735 |
PACCAR Financial Corp. | ||
3.15% 06/13/24 | 15,000 | 14,935 |
Pacific Gas & Electric Co. | ||
1.70% 11/15/23 | 15,000 | 14,430 |
State Street Total Return V.I.S. Fund | 99 |
Principal Amount | Fair Value | |
3.25% 06/01/31 | $ 60,000 | $ 48,331 |
3.50% 08/01/50 | 50,000 | 33,395 |
4.20% 06/01/41 | 115,000 | 85,287 |
4.40% 03/01/32 | 25,000 | 21,670 |
Pacific Gas and Electric Co. | ||
3.15% 01/01/26 | 150,000 | 136,642 |
PacifiCorp | ||
4.15% 02/15/50 | 50,000 | 44,834 |
6.25% 10/15/37 | 203,000 | 227,443 |
Paramount Global | ||
4.95% 01/15/31 | 100,000 | 95,229 |
5.85% 09/01/43 | 100,000 | 93,402 |
Parker-Hannifin Corp. | ||
4.00% 06/14/49 | 20,000 | 16,923 |
4.25% 09/15/27 | 35,000 | 34,817 |
PayPal Holdings Inc. | ||
2.40% 10/01/24 | 150,000 | 146,395 |
PeaceHealth Obligated Group | ||
3.22% 11/15/50 | 25,000 | 18,857 |
PepsiCo Inc. | ||
2.25% 03/19/25 | 50,000 | 48,675 |
2.75% 03/19/30 | 50,000 | 46,049 |
3.38% 07/29/49 | 35,000 | 29,940 |
3.45% 10/06/46 | 50,000 | 43,056 |
3.50% 07/17/25 | 150,000 | 150,621 |
PerkinElmer Inc. | ||
2.25% 09/15/31 | 35,000 | 27,676 |
3.30% 09/15/29 | 15,000 | 13,186 |
Pfizer Inc. | ||
1.75% 08/18/31 | 100,000 | 83,648 |
2.63% 04/01/30 | 50,000 | 45,646 |
4.00% 03/15/49 | 100,000 | 94,114 |
4.30% 06/15/43 | 100,000 | 96,717 |
Philip Morris International Inc. | ||
3.38% 08/15/29 | 50,000 | 45,070 |
3.88% 08/21/42 | 92,000 | 72,125 |
Phillips 66 Co. | ||
3.15% 12/15/29 (e) | 50,000 | 44,795 |
4.90% 10/01/46 (e) | 150,000 | 142,470 |
Pioneer Natural Resources Co. | ||
2.15% 01/15/31 | 25,000 | 20,602 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.55% 12/15/29 | 200,000 | 176,476 |
PNC Bank NA | ||
3.10% 10/25/27 | 100,000 | 94,941 |
3.88% 04/10/25 | 50,000 | 49,520 |
Principal Amount | Fair Value | |
PPL Capital Funding Inc. | ||
3.10% 05/15/26 | $ 50,000 | $ 47,587 |
President & Fellows of Harvard College | ||
3.15% 07/15/46 | 50,000 | 42,593 |
Principal Financial Group Inc. | ||
3.40% 05/15/25 | 50,000 | 48,899 |
Prologis LP | ||
4.38% 02/01/29 | 65,000 | 64,869 |
Providence St Joseph Health Obligated Group | ||
3.93% 10/01/48 | 20,000 | 17,512 |
Prudential Financial Inc. | ||
4.42% 03/27/48 | 150,000 | 139,000 |
Prudential Financial Inc. (3.70% fixed rate until 07/01/30; 3.04% + 5 year CMT Rate thereafter) | ||
3.70% 10/01/50 (g) | 25,000 | 20,680 |
Public Service Co. of Colorado | ||
2.70% 01/15/51 | 150,000 | 107,422 |
Public Service Co. of New Hampshire | ||
3.60% 07/01/49 | 150,000 | 125,652 |
Public Service Company of Colorado | ||
3.70% 06/15/28 | 50,000 | 49,229 |
4.10% 06/15/48 | 30,000 | 27,296 |
Public Service Electric & Gas Co. | ||
3.20% 08/01/49 | 40,000 | 31,854 |
3.65% 09/01/28 | 200,000 | 194,780 |
Public Service Enterprise Group Inc. | ||
2.88% 06/15/24 | 15,000 | 14,697 |
Public Storage | ||
3.39% 05/01/29 | 30,000 | 27,863 |
Puget Energy Inc. | ||
3.65% 05/15/25 | 50,000 | 49,033 |
QUALCOMM Inc. | ||
3.25% 05/20/50 | 65,000 | 53,102 |
4.25% 05/20/32 | 10,000 | 10,158 |
4.65% 05/20/35 | 150,000 | 153,877 |
Quest Diagnostics Inc. | ||
4.25% 04/01/24 | 50,000 | 50,243 |
Raytheon Technologies Corp. | ||
3.13% 05/04/27 - 07/01/50 | 300,000 | 277,537 |
3.95% 08/16/25 | 15,000 | 15,063 |
4.15% 05/15/45 | 100,000 | 88,857 |
4.63% 11/16/48 | 15,000 | 14,618 |
100 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
Realty Income Corp. | ||
3.10% 12/15/29 | $ 100,000 | $ 90,974 |
4.60% 02/06/24 | 20,000 | 20,170 |
Regency Centers LP | ||
4.13% 03/15/28 | 25,000 | 24,059 |
Regeneron Pharmaceuticals Inc. | ||
1.75% 09/15/30 | 45,000 | 36,095 |
Reliance Steel & Aluminum Co. | ||
1.30% 08/15/25 | 55,000 | 50,018 |
RELX Capital Inc. | ||
4.00% 03/18/29 | 25,000 | 24,162 |
RenaissanceRe Holdings Ltd. | ||
3.60% 04/15/29 | 25,000 | 23,379 |
Republic Services Inc. | ||
3.95% 05/15/28 | 50,000 | 49,136 |
Rio Tinto Finance USA Ltd. | ||
5.20% 11/02/40 | 75,000 | 78,120 |
Rockwell Automation Inc. | ||
3.50% 03/01/29 | 45,000 | 43,312 |
Rogers Communications Inc. | ||
3.80% 03/15/32 (e) | 30,000 | 27,475 |
4.50% 03/15/42 (e) | 10,000 | 8,901 |
4.55% 03/15/52 (e) | 50,000 | 44,090 |
7.50% 08/15/38 | 150,000 | 180,844 |
Roper Technologies Inc. | ||
3.80% 12/15/26 | 75,000 | 73,374 |
Royal Bank of Canada | ||
0.88% 01/20/26 | 300,000 | 268,986 |
3.88% 05/04/32 | 50,000 | 47,569 |
Royalty Pharma PLC | ||
1.20% 09/02/25 | 150,000 | 134,388 |
RPM International Inc. | ||
4.25% 01/15/48 | 50,000 | 42,456 |
Ryder System Inc. | ||
1.75% 09/01/26 | 15,000 | 13,580 |
4.30% 06/15/27 | 10,000 | 9,792 |
S&P Global Inc. | ||
3.70% 03/01/52 (e) | 50,000 | 42,744 |
Sabine Pass Liquefaction LLC | ||
5.63% 03/01/25 | 135,000 | 137,925 |
Sabra Health Care LP | ||
3.90% 10/15/29 | 25,000 | 22,063 |
Safehold Operating Partnership LP | ||
2.85% 01/15/32 | 25,000 | 20,040 |
Salesforce Inc. | ||
1.95% 07/15/31 | 100,000 | 84,986 |
Principal Amount | Fair Value | |
Salesforce.com Inc. | ||
3.05% 07/15/61 | $ 25,000 | $ 18,371 |
San Diego Gas & Electric Co. | ||
3.60% 09/01/23 | 50,000 | 50,132 |
Santander Holdings USA Inc. (4.26% fixed rate until 06/09/24; 1.38% + SOFR thereafter) | ||
4.26% 06/09/25 (g) | 35,000 | 34,588 |
Santander UK Group Holdings PLC (1.53% fixed rate until 08/21/25; 1.25% + 1 year CMT Rate thereafter) | ||
1.53% 08/21/26 (g) | 100,000 | 89,578 |
Sempra Energy | ||
3.80% 02/01/38 | 50,000 | 42,171 |
Shell International Finance BV | ||
2.88% 05/10/26 | 100,000 | 96,769 |
3.50% 11/13/23 | 25,000 | 25,162 |
4.00% 05/10/46 | 50,000 | 44,272 |
4.38% 05/11/45 | 50,000 | 46,542 |
6.38% 12/15/38 | 200,000 | 232,896 |
Simon Property Group LP | ||
2.65% 02/01/32 | 50,000 | 41,319 |
3.25% 09/13/49 | 50,000 | 36,371 |
3.50% 09/01/25 | 100,000 | 97,730 |
Snap-on Inc. | ||
3.10% 05/01/50 | 15,000 | 11,726 |
Southern California Edison Co. | ||
3.45% 02/01/52 | 25,000 | 18,594 |
3.60% 02/01/45 | 50,000 | 37,451 |
4.20% 03/01/29 | 25,000 | 24,076 |
6.05% 03/15/39 | 200,000 | 209,228 |
Southern California Gas Co. | ||
2.55% 02/01/30 | 50,000 | 44,200 |
Southern Copper Corp. | ||
3.88% 04/23/25 | 100,000 | 98,902 |
5.88% 04/23/45 | 25,000 | 25,913 |
Southern Power Co. | ||
5.15% 09/15/41 | 50,000 | 47,102 |
Southwest Airlines Co. | ||
3.00% 11/15/26 | 50,000 | 46,728 |
Southwest Gas Corp. | ||
4.05% 03/15/32 | 15,000 | 13,639 |
Southwestern Electric Power Co. | ||
3.25% 11/01/51 | 25,000 | 18,446 |
State Street Total Return V.I.S. Fund | 101 |
Principal Amount | Fair Value | |
Southwestern Public Service Co. | ||
3.15% 05/01/50 | $ 50,000 | $ 38,300 |
Spectra Energy Partners LP | ||
3.50% 03/15/25 | 50,000 | 48,974 |
Spirit Realty LP | ||
2.70% 02/15/32 | 30,000 | 23,437 |
Stanley Black & Decker Inc. | ||
2.30% 03/15/30 | 50,000 | 42,899 |
Starbucks Corp. | ||
3.00% 02/14/32 | 45,000 | 39,108 |
3.75% 12/01/47 | 35,000 | 28,556 |
3.80% 08/15/25 | 150,000 | 149,664 |
Stryker Corp. | ||
4.63% 03/15/46 | 25,000 | 23,882 |
Sumitomo Mitsui Financial Group Inc. | ||
2.14% 09/23/30 | 25,000 | 20,035 |
2.70% 07/16/24 | 100,000 | 97,408 |
3.01% 10/19/26 | 100,000 | 94,504 |
3.35% 10/18/27 | 50,000 | 47,288 |
3.78% 03/09/26 | 250,000 | 245,507 |
4.31% 10/16/28 | 25,000 | 24,460 |
Suncor Energy Inc. | ||
6.85% 06/01/39 | 50,000 | 56,848 |
Suzano Austria GmbH | ||
3.75% 01/15/31 | 55,000 | 44,424 |
SVB Financial Group | ||
1.80% 10/28/26 | 150,000 | 133,419 |
Synchrony Financial | ||
3.95% 12/01/27 | 25,000 | 22,743 |
4.88% 06/13/25 | 15,000 | 14,827 |
Sysco Corp. | ||
6.60% 04/01/40 | 50,000 | 57,269 |
Takeda Pharmaceutical Company Ltd. | ||
5.00% 11/26/28 | 100,000 | 101,986 |
Tampa Electric Co. | ||
4.30% 06/15/48 | 25,000 | 22,651 |
Tapestry Inc. | ||
3.05% 03/15/32 | 25,000 | 20,357 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
4.00% 01/15/32 | 100,000 | 85,757 |
Target Corp. | ||
2.25% 04/15/25 | 100,000 | 96,642 |
Teck Resources Ltd. | ||
6.25% 07/15/41 | 25,000 | 25,746 |
Principal Amount | Fair Value | |
Telefonica Emisiones S.A. | ||
7.05% 06/20/36 | $ 50,000 | $ 56,455 |
TELUS Corp. | ||
4.60% 11/16/48 | 50,000 | 46,625 |
Tennessee Gas Pipeline Co. LLC | ||
7.00% 10/15/28 | 200,000 | 217,224 |
Texas Instruments Inc. | ||
3.88% 03/15/39 | 50,000 | 47,078 |
Textron Inc. | ||
3.90% 09/17/29 | 50,000 | 47,019 |
The Allstate Corp. | ||
4.20% 12/15/46 | 50,000 | 45,505 |
The Allstate Corp. (5.75% fixed rate until 08/15/23; 2.94% + 3 month USD LIBOR thereafter) | ||
5.75% 08/15/53 (g) | 50,000 | 44,399 |
The Asian Infrastructure Investment Bank | ||
0.25% 09/29/23 | 35,000 | 33,809 |
3.38% 06/29/25 | 200,000 | 200,154 |
The Bank of New York Mellon Corp. | ||
0.85% 10/25/24 | 100,000 | 94,192 |
2.50% 01/26/32 | 100,000 | 85,321 |
3.00% 02/24/25 | 105,000 | 102,986 |
3.85% 04/26/29 | 25,000 | 24,276 |
The Bank of New York Mellon Corp. (4.29% fixed rate until 06/13/32; 1.49% + SOFR thereafter) | ||
4.29% 06/13/33 (g) | 25,000 | 24,503 |
The Bank of Nova Scotia | ||
2.70% 08/03/26 | 100,000 | 94,402 |
3.45% 04/11/25 | 50,000 | 49,328 |
The Bell Telephone Co. of Canada or Bell Canada | ||
4.30% 07/29/49 | 30,000 | 26,836 |
The Boeing Co. | ||
1.43% 02/04/24 | 65,000 | 62,182 |
3.20% 03/01/29 | 50,000 | 43,354 |
3.75% 02/01/50 | 25,000 | 17,629 |
4.88% 05/01/25 | 150,000 | 149,439 |
5.15% 05/01/30 | 250,000 | 239,847 |
5.71% 05/01/40 | 50,000 | 46,712 |
5.81% 05/01/50 | 100,000 | 92,083 |
The Charles Schwab Corp. | ||
1.95% 12/01/31 | 50,000 | 40,518 |
3.85% 05/21/25 | 50,000 | 50,176 |
102 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
4.63% 03/22/30 | $ 200,000 | $ 202,538 |
The Clorox Co. | ||
4.60% 05/01/32 | 25,000 | 25,098 |
The Coca-Cola Co. | ||
2.25% 01/05/32 | 50,000 | 43,561 |
2.50% 06/01/40 - 03/15/51 | 95,000 | 71,775 |
3.38% 03/25/27 | 150,000 | 148,696 |
The Dayton Power & Light Co. | ||
3.95% 06/15/49 | 15,000 | 12,788 |
The Dow Chemical Co. | ||
3.60% 11/15/50 | 50,000 | 38,172 |
4.38% 11/15/42 | 50,000 | 44,029 |
The Estee Lauder Companies Inc. | ||
1.95% 03/15/31 | 45,000 | 37,977 |
2.38% 12/01/29 | 20,000 | 17,800 |
3.13% 12/01/49 | 30,000 | 23,815 |
The Georgetown University | ||
2.94% 04/01/50 | 10,000 | 7,054 |
The Goldman Sachs Group Inc. | ||
3.50% 04/01/25 | 100,000 | 98,254 |
3.63% 02/20/24 | 50,000 | 49,839 |
3.75% 02/25/26 | 100,000 | 98,194 |
4.80% 07/08/44 | 75,000 | 70,434 |
6.25% 02/01/41 | 50,000 | 55,328 |
6.75% 10/01/37 | 100,000 | 110,778 |
The Goldman Sachs Group Inc. (0.66% fixed rate until 09/10/23; 0.51% + SOFR thereafter) | ||
0.66% 09/10/24 (g) | 100,000 | 95,766 |
The Goldman Sachs Group Inc. (2.65% fixed rate until 10/21/31; 1.26% + SOFR thereafter) | ||
2.65% 10/21/32 (g) | 30,000 | 24,731 |
The Goldman Sachs Group Inc. (3.10% fixed rate until 02/24/32; 1.41% + SOFR thereafter) | ||
3.10% 02/24/33 (g) | 250,000 | 213,790 |
The Goldman Sachs Group Inc. (3.62% fixed rate until 03/15/27; 1.85% + SOFR thereafter) | ||
3.62% 03/15/28 (g) | 300,000 | 284,265 |
Principal Amount | Fair Value | |
The Goldman Sachs Group Inc. (4.22% fixed rate until 05/01/28; 1.30% + 3 month USD LIBOR thereafter) | ||
4.22% 05/01/29 (g) | $ 125,000 | $ 119,984 |
The Goldman Sachs Group Inc. (4.39% fixed rate until 06/15/26; 1.51% + SOFR thereafter) | ||
4.39% 06/15/27 (g) | 15,000 | 14,800 |
The Hartford Financial Services Group Inc. | ||
4.30% 04/15/43 | 100,000 | 88,481 |
The Home Depot Inc. | ||
1.88% 09/15/31 | 20,000 | 16,667 |
2.75% 09/15/51 | 50,000 | 36,364 |
3.00% 04/01/26 | 100,000 | 98,139 |
3.25% 04/15/32 | 20,000 | 18,655 |
3.30% 04/15/40 | 50,000 | 42,436 |
3.63% 04/15/52 | 100,000 | 85,672 |
3.90% 12/06/28 | 100,000 | 100,038 |
4.20% 04/01/43 | 50,000 | 46,759 |
The Interpublic Group of Companies Inc. | ||
4.65% 10/01/28 | 10,000 | 9,886 |
The Kroger Co. | ||
4.50% 01/15/29 | 50,000 | 49,688 |
The New York & Presbyterian Hospital | ||
2.26% 08/01/40 | 25,000 | 17,864 |
3.95% 08/01/19 | 35,000 | 27,054 |
The PNC Financial Services Group Inc. | ||
2.60% 07/23/26 | 50,000 | 47,316 |
The PNC Financial Services Group Inc. (4.63% fixed rate until 06/06/32; 1.85% + SOFR thereafter) | ||
4.63% 06/06/33 (g) | 25,000 | 24,172 |
The Procter & Gamble Co. | ||
2.45% 11/03/26 | 75,000 | 72,172 |
3.00% 03/25/30 | 50,000 | 47,188 |
The Progressive Corp. | ||
4.20% 03/15/48 | 50,000 | 46,046 |
The Sherwin-Williams Co. | ||
3.95% 01/15/26 | 100,000 | 99,320 |
The Southern Co. | ||
4.25% 07/01/36 | 100,000 | 91,749 |
The Timken Co. | ||
4.50% 12/15/28 | 20,000 | 19,580 |
State Street Total Return V.I.S. Fund | 103 |
Principal Amount | Fair Value | |
The Toronto-Dominion Bank | ||
0.70% 09/10/24 | $ 150,000 | $ 140,814 |
0.75% 09/11/25 | 50,000 | 45,138 |
1.95% 01/12/27 | 50,000 | 45,179 |
3.25% 03/11/24 | 50,000 | 49,663 |
4.46% 06/08/32 | 15,000 | 14,832 |
The Travelers Companies Inc. | ||
4.00% 05/30/47 | 50,000 | 44,476 |
The Walt Disney Co. | ||
2.00% 09/01/29 | 300,000 | 257,652 |
3.38% 11/15/26 | 50,000 | 48,854 |
3.60% 01/13/51 | 50,000 | 41,746 |
6.65% 11/15/37 | 79,000 | 94,121 |
The Williams Companies Inc. | ||
2.60% 03/15/31 | 75,000 | 62,845 |
4.30% 03/04/24 | 200,000 | 200,754 |
5.75% 06/24/44 | 15,000 | 15,055 |
Thermo Fisher Scientific Inc. | ||
1.75% 10/15/28 | 20,000 | 17,499 |
2.80% 10/15/41 | 20,000 | 15,686 |
Time Warner Cable LLC | ||
4.50% 09/15/42 | 75,000 | 58,811 |
T-Mobile USA Inc. | ||
2.70% 03/15/32 (e) | 30,000 | 25,261 |
3.40% 10/15/52 (e) | 50,000 | 36,875 |
3.60% 11/15/60 | 45,000 | 32,879 |
3.88% 04/15/30 | 100,000 | 93,363 |
4.38% 04/15/40 | 250,000 | 223,845 |
Tosco Corp. | ||
8.13% 02/15/30 | 150,000 | 182,670 |
TotalEnergies Capital International S.A. | ||
3.39% 06/29/60 | 50,000 | 38,333 |
3.46% 02/19/29 | 75,000 | 71,475 |
Toyota Motor Corp. | ||
1.34% 03/25/26 | 200,000 | 182,184 |
Toyota Motor Credit Corp. | ||
2.90% 04/17/24 | 150,000 | 148,566 |
3.65% 01/08/29 | 100,000 | 97,140 |
Trane Technologies Luxembourg Finance S.A. | ||
4.50% 03/21/49 | 50,000 | 44,599 |
TransCanada PipeLines Ltd. | ||
1.00% 10/12/24 | 30,000 | 28,025 |
5.10% 03/15/49 | 25,000 | 24,782 |
5.85% 03/15/36 | 150,000 | 156,811 |
Truist Bank | ||
3.20% 04/01/24 | 50,000 | 49,770 |
3.30% 05/15/26 | 100,000 | 96,427 |
Principal Amount | Fair Value | |
Truist Financial Corp. | ||
1.95% 06/05/30 | $ 25,000 | $ 20,754 |
TSMC Arizona Corp. | ||
4.25% 04/22/32 | 100,000 | 98,801 |
Tucson Electric Power Co. | ||
4.85% 12/01/48 | 50,000 | 47,951 |
TWDC Enterprises 18 Corp. | ||
3.00% 07/30/46 | 60,000 | 45,874 |
Tyco Electronics Group SA | ||
2.50% 02/04/32 | 45,000 | 39,481 |
Tyson Foods Inc. | ||
4.00% 03/01/26 | 15,000 | 14,855 |
4.88% 08/15/34 | 45,000 | 45,351 |
U.S. Bancorp | ||
3.95% 11/17/25 | 50,000 | 50,236 |
UDR Inc. | ||
4.40% 01/26/29 | 50,000 | 48,789 |
Unilever Capital Corp. | ||
2.90% 05/05/27 | 50,000 | 48,012 |
Union Electric Co. | ||
3.50% 03/15/29 | 25,000 | 23,933 |
3.65% 04/15/45 | 35,000 | 28,802 |
Union Pacific Corp. | ||
2.38% 05/20/31 | 20,000 | 17,311 |
2.80% 02/14/32 | 15,000 | 13,339 |
2.95% 03/10/52 | 200,000 | 147,852 |
3.38% 02/14/42 | 10,000 | 8,335 |
3.50% 02/14/53 | 20,000 | 16,344 |
3.55% 08/15/39 | 15,000 | 12,949 |
3.84% 03/20/60 | 30,000 | 25,075 |
3.95% 08/15/59 | 20,000 | 17,061 |
United Airlines 2020-1 Class A Pass Through Trust | ||
5.88% 04/15/29 | 143,963 | 141,487 |
United Parcel Service Inc. | ||
3.75% 11/15/47 | 50,000 | 44,591 |
3.90% 04/01/25 | 100,000 | 100,827 |
UnitedHealth Group Inc. | ||
2.88% 08/15/29 | 75,000 | 69,331 |
3.50% 02/15/24 | 10,000 | 10,042 |
3.70% 12/15/25 - 08/15/49 | 75,000 | 65,525 |
3.75% 10/15/47 | 25,000 | 21,694 |
3.88% 12/15/28 | 15,000 | 14,919 |
4.25% 06/15/48 | 300,000 | 280,602 |
4.45% 12/15/48 | 10,000 | 9,579 |
4.63% 07/15/35 | 45,000 | 45,764 |
6.88% 02/15/38 | 50,000 | 62,001 |
104 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
University of Notre Dame du Lac | ||
3.39% 02/15/48 | $ 25,000 | $ 22,058 |
Unum Group | ||
4.50% 12/15/49 | 30,000 | 23,150 |
US Bancorp | ||
1.38% 07/22/30 | 100,000 | 79,672 |
3.60% 09/11/24 | 150,000 | 149,649 |
Vale Overseas Ltd. | ||
6.88% 11/10/39 | 50,000 | 53,180 |
Valero Energy Corp. | ||
2.85% 04/15/25 | 7,000 | 6,767 |
6.63% 06/15/37 | 50,000 | 54,316 |
Ventas Realty LP | ||
3.50% 02/01/25 | 150,000 | 146,475 |
VeriSign Inc. | ||
2.70% 06/15/31 | 30,000 | 24,162 |
Verisk Analytics Inc. | ||
4.13% 03/15/29 | 60,000 | 57,696 |
Verizon Communications Inc. | ||
0.75% 03/22/24 | 35,000 | 33,387 |
1.75% 01/20/31 | 100,000 | 80,313 |
2.36% 03/15/32 | 150,000 | 124,432 |
2.63% 08/15/26 | 100,000 | 94,520 |
2.88% 11/20/50 | 200,000 | 141,942 |
3.70% 03/22/61 | 95,000 | 74,600 |
3.88% 02/08/29 | 5,000 | 4,834 |
4.02% 12/03/29 | 50,000 | 48,509 |
4.33% 09/21/28 | 34,000 | 33,839 |
4.40% 11/01/34 | 50,000 | 47,983 |
5.50% 03/16/47 | 150,000 | 161,503 |
Viatris Inc. | ||
4.00% 06/22/50 | 250,000 | 166,577 |
VICI Properties LP | ||
4.38% 05/15/25 | 150,000 | 146,977 |
Virginia Electric & Power Co. | ||
2.88% 07/15/29 | 100,000 | 91,582 |
4.60% 12/01/48 | 60,000 | 57,670 |
Visa Inc. | ||
3.15% 12/14/25 | 150,000 | 148,066 |
4.30% 12/14/45 | 100,000 | 98,755 |
VMware Inc. | ||
4.50% 05/15/25 | 100,000 | 100,435 |
Vodafone Group PLC | ||
4.25% 09/17/50 | 150,000 | 125,308 |
4.38% 05/30/28 | 55,000 | 54,688 |
5.00% 05/30/38 | 25,000 | 23,938 |
Vulcan Materials Co. | ||
4.70% 03/01/48 | 50,000 | 45,713 |
Principal Amount | Fair Value | |
W R Berkley Corp. | ||
4.00% 05/12/50 | $ 20,000 | $ 16,543 |
Wachovia Corp. | ||
5.50% 08/01/35 | 250,000 | 254,630 |
Walgreens Boots Alliance Inc. | ||
3.20% 04/15/30 | 150,000 | 132,457 |
Walmart Inc. | ||
2.65% 09/22/51 | 50,000 | 37,668 |
3.25% 07/08/29 | 40,000 | 38,542 |
3.95% 06/28/38 | 250,000 | 241,925 |
Waste Connections Inc. | ||
3.50% 05/01/29 | 50,000 | 47,037 |
Waste Management Inc. | ||
2.00% 06/01/29 | 25,000 | 21,655 |
4.15% 04/15/32 | 50,000 | 49,057 |
Wells Fargo & Co. | ||
4.15% 01/24/29 | 100,000 | 96,679 |
4.40% 06/14/46 | 50,000 | 43,365 |
4.75% 12/07/46 | 100,000 | 91,177 |
Wells Fargo & Co. (2.16% fixed rate until 02/11/25; 0.75% + 3 month USD LIBOR thereafter) | ||
2.16% 02/11/26 (g) | 90,000 | 84,733 |
Wells Fargo & Co. (2.19% fixed rate until 04/30/25; 2.00% + SOFR thereafter) | ||
2.19% 04/30/26 (g) | 300,000 | 281,238 |
Wells Fargo & Co. (2.88% fixed rate until 10/30/29; 1.43% + SOFR thereafter) | ||
2.88% 10/30/30 (g) | 100,000 | 87,949 |
Wells Fargo & Co. (3.07% fixed rate until 04/30/40; 2.53% + SOFR thereafter) | ||
3.07% 04/30/41 (g) | 65,000 | 50,660 |
Wells Fargo & Co. (5.01% fixed rate until 04/04/50; 4.50% + SOFR thereafter) | ||
5.01% 04/04/51 (g) | 100,000 | 98,089 |
Welltower Inc. | ||
3.63% 03/15/24 | 25,000 | 24,803 |
Western Digital Corp. | ||
3.10% 02/01/32 | 30,000 | 22,983 |
Westlake Chemical Corp. | ||
4.38% 11/15/47 | 50,000 | 42,991 |
Westpac Banking Corp. | ||
1.95% 11/20/28 | 25,000 | 21,804 |
3.74% 08/26/25 | 100,000 | 99,651 |
State Street Total Return V.I.S. Fund | 105 |
Principal Amount | Fair Value | |
Westpac Banking Corp. (4.32% fixed rate until 11/23/26; 2.24% + 5 Year US ISDA thereafter) | ||
4.32% 11/23/31 (g) | $ 200,000 | $ 192,624 |
Whirlpool Corp. | ||
4.70% 05/14/32 | 15,000 | 14,861 |
Willis North America Inc. | ||
4.50% 09/15/28 | 50,000 | 48,045 |
Wisconsin Electric Power Co. | ||
4.30% 10/15/48 | 10,000 | 9,172 |
Wisconsin Public Service Corp. | ||
3.30% 09/01/49 | 20,000 | 15,852 |
WP Carey Inc. | ||
3.85% 07/15/29 | 50,000 | 46,624 |
WRKCo Inc. | ||
4.90% 03/15/29 | 50,000 | 50,282 |
Xcel Energy Inc. | ||
0.50% 10/15/23 | 80,000 | 76,882 |
Xilinx Inc. | ||
2.38% 06/01/30 | 50,000 | 43,977 |
Zoetis Inc. | ||
3.00% 05/15/50 | 70,000 | 52,114 |
73,932,326 | ||
Non-Agency Collateralized Mortgage Obligations - 0.2% | ||
BANK 2017-BNK5 | ||
3.13% 06/15/60 | 250,000 | 237,271 |
BANK 2019-BNK20 | ||
3.01% 09/15/62 | 50,000 | 46,048 |
BANK 2019-BNK22 | ||
2.98% 11/15/62 | 50,000 | 45,845 |
BBCMS Mortgage Trust 2018-C2 | ||
4.31% 12/15/51 | 50,000 | 49,843 |
BBCMS Mortgage Trust 2021-C12 | ||
2.69% 11/15/54 | 150,000 | 131,290 |
Benchmark 2020-B16 Mortgage Trust | ||
2.73% 02/15/53 | 200,000 | 179,804 |
Benchmark 2021-B25 Mortgage Trust | ||
2.58% 04/15/54 | 150,000 | 131,282 |
Citigroup Commercial Mortgage Trust 2014-GC21 | ||
4.03% 05/10/47 | 100,000 | 98,992 |
Principal Amount | Fair Value | |
Citigroup Commercial Mortgage Trust 2016-GC37 | ||
3.31% 04/10/49 | $ 270,000 | $ 261,272 |
Comm 2014-UBS2 Mortgage Trust | ||
3.96% 03/10/47 | 200,000 | 199,371 |
COMM 2015-LC19 Mortgage Trust | ||
3.18% 02/10/48 | 150,000 | 146,166 |
CSAIL 2019-C15 Commercial Mortgage Trust | ||
4.05% 03/15/52 | 300,000 | 294,565 |
GS Mortgage Securities Trust 2016-GS3 | ||
2.78% 10/10/49 | 60,160 | 58,564 |
GS Mortgage Securities Trust 2017-GS7 | ||
3.43% 08/10/50 | 250,000 | 240,105 |
GS Mortgage Securities Trust 2019-GC38 | ||
3.97% 02/10/52 | 50,000 | 48,890 |
JPMBB Commercial Mortgage Securities Trust 2014-C22 | ||
3.80% 09/15/47 | 75,000 | 74,369 |
JPMDB Commercial Mortgage Securities Trust 2017-C5 | ||
3.41% 03/15/50 | 108,112 | 105,185 |
Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32 | ||
3.72% 12/15/49 | 89,000 | 86,847 |
Morgan Stanley Capital I Trust 2016-UBS12 | ||
3.60% 12/15/49 | 150,000 | 145,607 |
UBS Commercial Mortgage Trust 2018-C15 | ||
4.07% 12/15/51 | 80,478 | 78,998 |
Wells Fargo Commercial Mortgage Trust 2019-C50 | ||
3.73% 05/15/52 | 175,000 | 168,417 |
Wells Fargo Commercial Mortgage Trust 2020-C55 | ||
2.73% 02/15/53 | 400,000 | 357,507 |
WFRBS Commercial Mortgage Trust 2013-C17 | ||
4.02% 12/15/46 | 35,000 | 34,942 |
3,221,180 |
106 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
Sovereign Bonds - 0.4% | ||
Canada Government International Bond | ||
2.88% 04/28/25 | $ 90,000 | $ 89,479 |
Export Development Canada | ||
3.00% 05/25/27 | 50,000 | 49,574 |
Export-Import Bank of Korea | ||
1.13% 12/29/26 | 200,000 | 180,198 |
FMS Wertmanagement | ||
2.75% 01/30/24 | 100,000 | 99,502 |
Government of Chile | ||
2.45% 01/31/31 | 100,000 | 85,336 |
3.50% 01/25/50 | 100,000 | 76,947 |
Government of Hungary | ||
5.38% 03/25/24 | 100,000 | 101,980 |
Government of Indonesia | ||
3.05% 03/12/51 | 100,000 | 75,934 |
4.75% 02/11/29 | 100,000 | 100,869 |
Government of Israel | ||
3.88% 07/03/50 | 100,000 | 87,902 |
Government of Italy | ||
2.88% 10/17/29 | 100,000 | 88,351 |
Government of Mexico | ||
3.75% 01/11/28 | 100,000 | 95,725 |
4.40% 02/12/52 | 200,000 | 149,838 |
4.75% 03/08/44 | 52,000 | 43,075 |
6.05% 01/11/40 | 130,000 | 127,371 |
Government of Panama | ||
3.75% 03/16/25 | 100,000 | 98,851 |
3.87% 07/23/60 | 50,000 | 35,528 |
6.70% 01/26/36 | 75,000 | 81,017 |
Government of Peru | ||
3.00% 01/15/34 | 29,000 | 23,797 |
3.60% 01/15/72 | 25,000 | 16,880 |
6.55% 03/14/37 | 47,000 | 51,214 |
Government of Philippines | ||
2.46% 05/05/30 | 200,000 | 174,426 |
2.95% 05/05/45 | 100,000 | 71,535 |
Government of Uruguay | ||
4.38% 01/23/31 | 50,000 | 50,634 |
5.10% 06/18/50 | 50,000 | 50,086 |
Japan Bank for International Cooperation | ||
0.50% 04/15/24 | 200,000 | 190,822 |
1.88% 07/21/26 | 300,000 | 283,491 |
2.88% 07/21/27 | 100,000 | 97,546 |
Korea International Bond | ||
1.75% 10/15/31 | 100,000 | 87,354 |
2.50% 06/19/29 | 100,000 | 94,740 |
Principal Amount | Fair Value | |
Mexico Government International Bond | ||
3.50% 02/12/34 | $ 300,000 | $ 247,893 |
Peruvian Government International Bond | ||
3.23% 07/28/21 | 300,000 | 184,650 |
Philippine Government International Bond | ||
10.63% 03/16/25 | 250,000 | 294,290 |
Province of Alberta Canada | ||
1.30% 07/22/30 | 200,000 | 169,910 |
2.95% 01/23/24 | 75,000 | 74,815 |
Province of British Columbia Canada | ||
2.25% 06/02/26 | 150,000 | 144,351 |
Province of Ontario Canada | ||
0.63% 01/21/26 | 100,000 | 91,161 |
1.13% 10/07/30 | 150,000 | 125,179 |
1.80% 10/14/31 | 50,000 | 43,192 |
Province of Quebec Canada | ||
0.60% 07/23/25 | 350,000 | 323,522 |
Republic of Poland Government International Bond | ||
4.00% 01/22/24 | 150,000 | 150,034 |
Svensk Exportkredit AB | ||
0.50% 11/10/23 | 125,000 | 120,800 |
The Korea Development Bank | ||
2.13% 10/01/24 | 100,000 | 97,346 |
4,927,145 | ||
Municipal Bonds and Notes - 0.1% | ||
Board of Regents of the University of Texas System | ||
4.79% 08/15/46 | 100,000 | 107,406 |
Chicago O'Hare International Airport | ||
4.47% 01/01/49 | 100,000 | 101,180 |
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue | ||
6.90% 12/01/40 | 75,000 | 89,939 |
Commonwealth of Massachusetts | ||
4.50% 08/01/31 | 100,000 | 102,736 |
Dallas Area Rapid Transit | ||
5.02% 12/01/48 | 50,000 | 54,536 |
Dallas Fort Worth International Airport | ||
4.09% 11/01/51 | 5,000 | 4,877 |
State Street Total Return V.I.S. Fund | 107 |
Principal Amount | Fair Value | |
Los Angeles Department of Water & Power System Revenue | ||
6.60% 07/01/50 | $ 90,000 | $ 117,324 |
Los Angeles Unified School District | ||
5.76% 07/01/29 | 110,000 | 118,774 |
New York City Municipal Water Finance Authority | ||
6.01% 06/15/42 | 50,000 | 60,971 |
New York State Dormitory Authority | ||
2.20% 03/15/34 | 100,000 | 81,640 |
3.14% 07/01/43 | 50,000 | 42,243 |
New York State Urban Development Corp. | ||
3.90% 03/15/33 | 25,000 | 24,394 |
North Texas Tollway Authority | ||
6.72% 01/01/49 | 100,000 | 134,724 |
Port Authority of New York & New Jersey | ||
5.31% 08/01/46 | 125,000 | 126,212 |
Regents of the University of California Medical Center Pooled Revenue | ||
6.58% 05/15/49 | 100,000 | 124,127 |
Sales Tax Securitization Corp. | ||
4.64% 01/01/40 | 25,000 | 24,811 |
San Joaquin Hills Transportation Corridor Agency | ||
3.49% 01/15/50 | 100,000 | 80,450 |
South Carolina State Public Service Authority | ||
6.45% 01/01/50 | 50,000 | 60,378 |
State of California | ||
2.50% 10/01/29 | 100,000 | 91,637 |
7.60% 11/01/40 | 50,000 | 69,045 |
Principal Amount | Fair Value | |
Texas Transportation Commission | ||
2.56% 04/01/42 | $ 80,000 | $ 64,697 |
University of California | ||
4.60% 05/15/31 | 100,000 | 102,930 |
1,785,031 | ||
Total Bonds and Notes (Cost $382,922,266) | 363,696,288 | |
Number of Shares | ||
Exchange Traded & Mutual Funds - 11.5% | ||
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 1,491,829 | 26,912,595 |
SPDR Gold Shares (b)(h) | 206,861 | 34,847,804 |
SPDR Portfolio Long Term Treasury ETF (h) | 3,036,478 | 100,416,328 |
Total Exchange Traded & Mutual Funds (Cost $179,507,634) | 162,176,727 | |
Total Investments in Securities (Cost $1,460,865,681) | 1,331,515,035 | |
Short-Term Investments - 8.0% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 1.47% (h)(i) (Cost $113,351,282) | 113,351,282 | 113,351,282 |
Total Investments (Cost $1,574,216,963) | 1,444,866,317 | |
Liabilities in Excess of Other Assets, net - (2.2)% | (30,551,222) | |
NET ASSETS - 100.0% | $ 1,414,315,095 |
108 | State Street Total Return V.I.S. Fund |
The Fund had the following long futures contracts open at June 30, 2022: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
E-Mini Russell 2000 Index Futures | September 2022 | 31 | $ 2,805,066 | $ 2,647,400 | $ (160,096) |
S&P 500 E-Mini Index Futures | September 2022 | 6 | 1,123,508 | 1,136,850 | 13,342 |
MSCI Emerging Markets Index Futures | September 2022 | 53 | 2,669,777 | 2,657,155 | (12,622) |
MSCI EAFE Mini Index Futures | September 2022 | 73 | 6,895,408 | 6,776,590 | (118,818) |
S&P/Toronto Stock Exchange 60 Index | September 2022 | 5 | 943,080 | 885,693 | (57,387) |
E-Mini Russell 1000 Index Futures | September 2022 | 153 | 16,464,139 | 15,901,290 | (562,849) |
$ (898,430) |
(a) | At June 30, 2022, all or a portion of this security was pledged to cover collateral requirements for futures and/or TBAs. |
(b) | Non-income producing security. |
(c) | Security is fair valued by the Valuation Committee, in accordance with the procedures approved by the Fund's Board of Directors. Security value is determined based on level 3 inputs. |
(d) | State Street Corporation is the parent company of SSGA Funds Management, Inc., the Fund's investment adviser and administrator, and State Street Bank & Trust Co., the Fund’s sub-administrator, custodian and accounting agent. |
(e) | Pursuant to Rule 144A of the Securities Act of 1933, as amended, these securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2022, these securities amounted to $8,869,871 or 0.63% of the net assets of the State Street Total Return V.I.S. Fund. These securities have been determined to be liquid using procedures established by the Fund's Board of Directors. |
(f) | Settlement is on a delayed delivery or when-issued basis with final maturity to be announced ("TBA") in the future. |
(g) | Variable Rate Security - Interest rate shown is rate in effect at June 30, 2022. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. |
(h) | Sponsored by SSGA Funds Management, Inc., the Fund’s investment adviser and administrator, and an affiliate of State Street Bank & Trust Co., the Fund’s sub-administrator, custodian and accounting agent. |
(i) | Coupon amount represents effective yield. |
† | Percentages are based on net assets as of June 30, 2022. |
* | Less than 0.05%. |
** | Amount is less than $0.50. |
Abbreviations: |
ADR - American Depositary Receipt |
CMT - Constant Maturity Treasury |
GDR - Global Depositary Receipt |
ISDA - International Swaps and Derivatives Association |
LIBOR - London Interbank Offered Rate |
NVDR - Non-Voting Depositary Receipt |
REIT - Real Estate Investment Trust |
SOFR - Secured Overnight Financing Rate |
TBA - To Be Announced |
State Street Total Return V.I.S. Fund | 109 |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Domestic Equity | $ 471,794,046 | $ 96,979 | $ —(a) | $ 471,891,025 | |||
Foreign Equity | 220,381,544 | 113,327,960 | 41,491 | 333,750,995 | |||
U.S. Treasuries | — | 189,973,751 | — | 189,973,751 | |||
Agency Mortgage Backed | — | 86,106,228 | �� | — | 86,106,228 | ||
Agency Collateralized Mortgage Obligations | — | 2,820,450 | — | 2,820,450 | |||
Asset Backed | — | 930,177 | — | 930,177 | |||
Corporate Notes | — | 73,932,326 | — | 73,932,326 | |||
Non-Agency Collateralized Mortgage Obligations | — | 3,221,180 | — | 3,221,180 | |||
Sovereign Bonds | — | 4,927,145 | — | 4,927,145 | |||
Municipal Bonds and Notes | — | 1,785,031 | — | 1,785,031 | |||
Exchange Traded & Mutual Funds | 162,176,727 | — | — | 162,176,727 | |||
Short-Term Investments | 113,351,282 | — | — | 113,351,282 | |||
Total Investments in Securities | $ 967,703,599 | $ 477,121,227 | $ 41,491 | $ 1,444,866,317 | |||
Other Financial Instruments | |||||||
Long Futures Contracts - Unrealized Appreciation | $13,342 | $— | $— | $13,342 | |||
Long Futures Contracts - Unrealized Depreciation | $ (911,772) | $ — | $ — | $ (911,772) | |||
Total Other Financial Instruments | $ (898,430) | $ — | $ — | $ (898,430) |
(a) | The Fund held Level 3 securities that were valued at $0 at June 30, 2022. |
110 | State Street Total Return V.I.S. Fund |
Country/Territory | Percentage (based on Fair Value) |
United States | 75.95% |
Japan | 3.59% |
United Kingdom | 2.67% |
Canada | 2.33% |
France | 1.63% |
China | 1.60% |
Switzerland | 1.42% |
Germany | 1.26% |
Australia | 1.25% |
Netherlands | 0.76% |
Taiwan | 0.68% |
Hong Kong | 0.65% |
India | 0.60% |
South Korea | 0.57% |
Sweden | 0.52% |
Ireland | 0.46% |
Denmark | 0.43% |
Spain | 0.41% |
Italy | 0.30% |
Supranational | 0.26% |
Singapore | 0.24% |
Brazil | 0.24% |
Saudi Arabia | 0.20% |
Finland | 0.19% |
South Africa | 0.16% |
Mexico | 0.15% |
Norway | 0.14% |
Belgium | 0.14% |
Israel | 0.13% |
Thailand | 0.11% |
Indonesia | 0.10% |
Bermuda | 0.09% |
Philippines | 0.08% |
Malaysia | 0.07% |
Country/Territory | Percentage (based on Fair Value) |
UAE | 0.07% |
Luxembourg | 0.06% |
Chile | 0.05% |
Kuwait | 0.04% |
Qatar | 0.04% |
Poland | 0.04% |
New Zealand | 0.04% |
Peru | 0.03% |
Austria | 0.03% |
Portugal | 0.03% |
Puerto Rico | 0.03% |
Panama | 0.02% |
Hungary | 0.02% |
Cayman Islands | 0.01% |
Greece | 0.01% |
Uruguay | 0.01% |
Turkey | 0.01% |
Monaco | 0.01% |
Czech | 0.01% |
Isle Of Man | 0.01% |
Brunei | 0.01% |
Ivory Coast | 0.01% |
Macau | 0.01% |
Colombia | 0.01% |
Jersey | 0.01% |
Jordan | 0.00% |
Guernsey | 0.00% |
Egypt | 0.00% |
Romania | 0.00% |
Bahamas | 0.00% |
Russian Federation | 0.00% |
Cyprus | 0.00% |
100.00% |
Industry | Domestic | Foreign | Total |
Exchange Traded Funds | 11.22% | 0.00% | 11.22% |
Diversified Banks | 0.58% | 2.61% | 3.19% |
Pharmaceuticals | 1.23% | 1.61% | 2.84% |
Technology Hardware, Storage & Peripherals | 1.53% | 0.30% | 1.83% |
Systems Software | 1.74% | 0.04% | 1.78% |
Semiconductors | 1.14% | 0.49% | 1.63% |
Interactive Media & Services | 1.23% | 0.33% | 1.56% |
Biotechnology | 1.21% | 0.22% | 1.43% |
Application Software | 1.03% | 0.27% | 1.30% |
Integrated Oil & Gas | 0.48% | 0.78% | 1.26% |
Regional Banks | 1.16% | 0.04% | 1.20% |
Internet & Direct Marketing Retail | 0.73% | 0.43% | 1.16% |
Automobile Manufacturers | 0.48% | 0.64% | 1.12% |
Healthcare Equipment | 0.73% | 0.31% | 1.04% |
State Street Total Return V.I.S. Fund | 111 |
Industry | Domestic | Foreign | Total |
Packaged Foods & Meats | 0.72% | 0.28% | 1.00% |
Data Processing & Outsourced Services | 0.86% | 0.13% | 0.99% |
Electric Utilities | 0.53% | 0.41% | 0.94% |
Industrial Machinery | 0.46% | 0.30% | 0.76% |
Oil & Gas Exploration & Production | 0.53% | 0.20% | 0.73% |
Aerospace & Defense | 0.50% | 0.22% | 0.72% |
Integrated Telecommunication Services | 0.26% | 0.42% | 0.68% |
Life & Health Insurance | 0.16% | 0.52% | 0.68% |
Life Sciences Tools & Services | 0.51% | 0.15% | 0.66% |
Specialty Chemicals | 0.31% | 0.30% | 0.61% |
Semiconductor Equipment | 0.26% | 0.35% | 0.61% |
Apparel, Accessories & Luxury Goods | 0.05% | 0.54% | 0.59% |
Property & Casualty Insurance | 0.29% | 0.25% | 0.54% |
IT Consulting & Other Services | 0.17% | 0.36% | 0.53% |
Managed Healthcare | 0.53% | 0.00% | 0.53% |
Diversified Metals & Mining | 0.02% | 0.47% | 0.49% |
Household Products | 0.37% | 0.12% | 0.49% |
Asset Management & Custody Banks | 0.31% | 0.16% | 0.47% |
Industrial Conglomerates | 0.18% | 0.29% | 0.47% |
Trading Companies & Distributors | 0.19% | 0.28% | 0.47% |
Financial Exchanges & Data | 0.28% | 0.19% | 0.47% |
Soft Drinks | 0.41% | 0.05% | 0.46% |
Electrical Components & Equipment | 0.29% | 0.16% | 0.45% |
Restaurants | 0.36% | 0.09% | 0.45% |
Multi-Sector Holdings | 0.35% | 0.09% | 0.44% |
Personal Products | 0.11% | 0.32% | 0.43% |
Railroads | 0.17% | 0.26% | 0.43% |
Building Products | 0.22% | 0.19% | 0.41% |
Specialized REITs | 0.41% | 0.00% | 0.41% |
Multi-Utilities | 0.26% | 0.13% | 0.39% |
Research & Consulting Services | 0.18% | 0.20% | 0.38% |
Wireless Telecommunication Services | 0.07% | 0.31% | 0.38% |
Healthcare Services | 0.33% | 0.04% | 0.37% |
Multi-Line Insurance | 0.06% | 0.31% | 0.37% |
Tobacco | 0.17% | 0.19% | 0.36% |
Investment Banking & Brokerage | 0.30% | 0.06% | 0.36% |
Oil & Gas Storage & Transportation | 0.13% | 0.23% | 0.36% |
Hypermarkets & Super Centers | 0.28% | 0.06% | 0.34% |
Food Retail | 0.05% | 0.28% | 0.33% |
Construction Machinery & Heavy Trucks | 0.19% | 0.13% | 0.32% |
Communications Equipment | 0.26% | 0.06% | 0.32% |
Construction & Engineering | 0.16% | 0.16% | 0.32% |
Oil & Gas Refining & Marketing | 0.14% | 0.16% | 0.30% |
Movies & Entertainment | 0.25% | 0.05% | 0.30% |
Air Freight & Logistics | 0.19% | 0.10% | 0.29% |
Home Improvement Retail | 0.28% | 0.01% | 0.29% |
Electronic Components | 0.10% | 0.18% | 0.28% |
Retail REITs | 0.21% | 0.07% | 0.28% |
Electronic Equipment & Instruments | 0.15% | 0.13% | 0.28% |
Steel | 0.11% | 0.15% | 0.26% |
Interactive Home Entertainment | 0.09% | 0.17% | 0.26% |
Distillers & Vintners | 0.05% | 0.21% | 0.26% |
Commodity Chemicals | 0.09% | 0.15% | 0.24% |
Healthcare Supplies | 0.15% | 0.10% | 0.25% |
112 | State Street Total Return V.I.S. Fund |
Industry | Domestic | Foreign | Total |
Gas Utilities | 0.13% | 0.12% | 0.25% |
Industrial REITs | 0.17% | 0.07% | 0.24% |
Auto Parts & Equipment | 0.13% | 0.11% | 0.24% |
Consumer Finance | 0.20% | 0.03% | 0.23% |
Industrial Gases | 0.04% | 0.18% | 0.22% |
Hotels, Resorts & Cruise Lines | 0.17% | 0.04% | 0.21% |
Cable & Satellite | 0.19% | 0.03% | 0.22% |
Apparel Retail | 0.13% | 0.08% | 0.21% |
Gold | 0.04% | 0.16% | 0.20% |
Casinos & Gaming | 0.09% | 0.11% | 0.20% |
Home Building | 0.14% | 0.05% | 0.19% |
Residential REITs | 0.19% | 0.00% | 0.19% |
General Merchandise Stores | 0.11% | 0.07% | 0.18% |
Automotive Retail | 0.16% | 0.02% | 0.18% |
Internet Services & Infrastructure | 0.12% | 0.05% | 0.17% |
Thrifts & Mortgage Finance | 0.14% | 0.03% | 0.17% |
Brewers | 0.01% | 0.17% | 0.18% |
Consumer Electronics | 0.02% | 0.16% | 0.18% |
Oil & Gas Equipment & Services | 0.16% | 0.01% | 0.17% |
Human Resource & Employment Services | 0.11% | 0.06% | 0.17% |
Construction Materials | 0.04% | 0.12% | 0.16% |
Insurance Brokers | 0.14% | 0.02% | 0.16% |
Fertilizers & Agricultural Chemicals | 0.07% | 0.09% | 0.16% |
Diversified Capital Markets | 0.00% | 0.15% | 0.15% |
Trucking | 0.13% | 0.02% | 0.15% |
Mortgage REITs | 0.15% | 0.00% | 0.15% |
Diversified REITs | 0.09% | 0.05% | 0.14% |
Health Care REITs | 0.14% | 0.00% | 0.14% |
Diversified Real Estate Activities | 0.01% | 0.13% | 0.14% |
Environmental & Facilities Services | 0.12% | 0.02% | 0.14% |
Office REITs | 0.11% | 0.03% | 0.14% |
Footwear | 0.13% | 0.01% | 0.14% |
Real Estate Operating Companies | 0.02% | 0.11% | 0.13% |
Healthcare Facilities | 0.10% | 0.04% | 0.14% |
Healthcare Technology | 0.11% | 0.02% | 0.13% |
Marine | 0.02% | 0.10% | 0.12% |
Specialty Stores | 0.10% | 0.02% | 0.12% |
Healthcare Distributors | 0.10% | 0.01% | 0.11% |
Airlines | 0.08% | 0.03% | 0.11% |
Reinsurance | 0.01% | 0.10% | 0.11% |
Leisure Products | 0.07% | 0.04% | 0.11% |
Agricultural & Farm Machinery | 0.08% | 0.03% | 0.11% |
Electronic Manufacturing Services | 0.05% | 0.05% | 0.10% |
Diversified Chemicals | 0.01% | 0.09% | 0.10% |
Advertising | 0.04% | 0.05% | 0.09% |
Diversified Support Services | 0.08% | 0.02% | 0.10% |
Water Utilities | 0.07% | 0.02% | 0.09% |
Other Diversified Financial Services | 0.04% | 0.05% | 0.09% |
Hotel & Resort REITs | 0.09% | 0.00% | 0.09% |
Heavy Electrical Equipment | 0.02% | 0.07% | 0.09% |
Real Estate Development | 0.00% | 0.08% | 0.08% |
Education Services | 0.08% | 0.01% | 0.09% |
Independent Power Producers & Energy Traders | 0.03% | 0.05% | 0.08% |
Real Estate Services | 0.07% | 0.01% | 0.08% |
State Street Total Return V.I.S. Fund | 113 |
Industry | Domestic | Foreign | Total |
Paper Packaging | 0.05% | 0.03% | 0.08% |
Broadcasting | 0.07% | 0.01% | 0.08% |
Agricultural Products | 0.06% | 0.02% | 0.08% |
Coal & Consumable Fuels | 0.03% | 0.04% | 0.07% |
Renewable Electricity | 0.03% | 0.04% | 0.07% |
Food Distributors | 0.06% | 0.01% | 0.07% |
Metal & Glass Containers | 0.06% | 0.01% | 0.07% |
Paper Products | 0.01% | 0.06% | 0.07% |
Highways & Railtracks | 0.00% | 0.06% | 0.06% |
Tires & Rubber | 0.01% | 0.05% | 0.06% |
Copper | 0.03% | 0.03% | 0.06% |
Leisure Facilities | 0.03% | 0.03% | 0.06% |
Oil & Gas Drilling | 0.05% | 0.00% | 0.05% |
Alternative Carriers | 0.06% | 0.00% | 0.06% |
Technology Distributors | 0.05% | 0.01% | 0.06% |
Aluminum | 0.02% | 0.03% | 0.05% |
Household Appliances | 0.03% | 0.02% | 0.05% |
Distributors | 0.04% | 0.00% | 0.04% |
Security & Alarm Services | 0.02% | 0.02% | 0.04% |
Airport Services | 0.00% | 0.04% | 0.04% |
Specialized Consumer Services | 0.03% | 0.00% | 0.03% |
Department Stores | 0.01% | 0.02% | 0.03% |
Publishing | 0.02% | 0.01% | 0.03% |
Office Services & Supplies | 0.03% | 0.00% | 0.03% |
Commercial Printing | 0.02% | 0.01% | 0.03% |
Drug Retail | 0.02% | 0.01% | 0.03% |
Home Furnishing Retail | 0.02% | 0.01% | 0.03% |
Computer & Electronics Retail | 0.02% | 0.00% | 0.02% |
Home Furnishings | 0.02% | 0.00% | 0.02% |
Motorcycle Manufacturers | 0.00% | 0.02% | 0.02% |
Specialized Finance | 0.00% | 0.02% | 0.02% |
Forest Products | 0.00% | 0.02% | 0.02% |
Precious Metals & Minerals | 0.00% | 0.02% | 0.02% |
Silver | 0.01% | 0.00% | 0.01% |
Marine Ports & Services | 0.00% | 0.01% | 0.01% |
Housewares & Specialties | 0.01% | 0.00% | 0.01% |
Textiles | 0.00% | 0.00% | 0.00%*** |
66.98% |
Sector | Percentage (based on Fair Value) | ||
U.S. Treasuries | 13.15% | ||
Agency Mortgage Backed | 5.96% | ||
Corporate Notes | 5.12% | ||
Sovereign Bonds | 0.34% | ||
Non-Agency Collateralized Mortgage Obligations | 0.22% | ||
Agency Collateralized Mortgage Obligations | 0.20% | ||
Municipal Bonds and Notes | 0.12% |
Sector | Percentage (based on Fair Value) | ||
Asset Backed | 0.06% | ||
25.17% | |||
Short-Term Investments | 7.85% | ||
100.00% |
*** | Less than 0.005%. |
114 | State Street Total Return V.I.S. Fund |
Affiliate Table |
Number of Shares Held at 12/31/21 | Value at 12/31/21 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/22 | Value at 6/30/22 | Dividend Income | ||||||
SPDR Bloomberg High Yield Bond ETF | 162,526 | $ 17,645,448 | $ 89,110,263 | $103,614,270 | $ (3,236,551) | $ 95,110 | — | $ — | $ 438,440 | |||||
SPDR Bloomberg International Treasury Bond ETF | — | — | 32,474,385 | 29,838,553 | (2,635,832) | — | — | — | 55,628 | |||||
SPDR Gold Shares | — | — | 40,524,905 | 3,881,916 | (346,007) | (1,449,178) | 206,861 | 34,847,804 | — | |||||
SPDR Portfolio Long Term Corporate Bond ETF | 2,247,586 | 70,754,007 | 13,077,550 | 70,924,270 | (13,606,645) | 699,358 | — | — | 641,369 | |||||
SPDR Portfolio Long Term Treasury ETF | 1,659,803 | 69,960,696 | 70,864,554 | 15,662,176 | (2,410,052) | (22,336,694) | 3,036,478 | 100,416,328 | 917,902 | |||||
State Street Corp. | 4,200 | 390,600 | 118,664 | 149,707 | (1,516) | (132,340) | 3,661 | 225,701 | 4,630 | |||||
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 81,590,671 | 81,590,671 | 665,818,893 | 634,058,282 | — | — | 113,351,282 | 113,351,282 | 220,574 | |||||
TOTAL | $240,341,422 | $911,989,214 | $858,129,174 | $(22,236,603) | $(23,123,744) | $248,841,115 | $2,278,543 |
State Street Total Return V.I.S. Fund | 115 |
Class 1 | ||||||||||||
6/30/22 (a) | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | 12/31/17 | |||||||
Inception date | 7/1/85 | |||||||||||
Net asset value, beginning of period | $ 16.06 | $ 16.63 | $ 15.91 | $ 14.06 | $ 19.94 | $ 18.08 | ||||||
Income/(loss) from investment operations: | ||||||||||||
Net investment income(b) | 0.14 | 0.40 | 0.27 | 0.34 | 0.40 | 0.36 | ||||||
Net realized and unrealized gains/(losses) on investments | (2.81) | 1.84 | 0.75 | 1.88 | (1.69) | 2.46 | ||||||
Total income/(loss) from investment operations | (2.67) | 2.24 | 1.02 | 2.22 | (1.29) | 2.82 | ||||||
Contribution from Advisor | — | 0.00 (c) | — | — | — | — | ||||||
Contribution from Affiliate | — | 0.00 (c) | — | — | — | — | ||||||
Less distributions from: | ||||||||||||
Net investment income | — | 0.39 | 0.30 | 0.37 | 0.45 | 0.41 | ||||||
Net realized gains | — | 2.42 | — | — | 4.14 | 0.55 | ||||||
Total distributions | — | 2.81 | 0.30 | 0.37 | 4.59 | 0.96 | ||||||
Net asset value, end of period | $ 13.39 | $ 16.06 | $ 16.63 | $ 15.91 | $ 14.06 | $ 19.94 | ||||||
Total Return(d) | (16.63)% | 13.45% (e) | 6.44% | 15.81% | (6.34)% | 15.58% | ||||||
Ratios/Supplemental Data: | ||||||||||||
Net assets, end of period (in thousands) | $612,471 | $768,504 | $743,820 | $764,667 | $733,417 | $856,665 | ||||||
Ratios to average net assets: | ||||||||||||
Net expenses | 0.62% (f) | 0.62% | 0.60% | 0.61% | 0.62% | 0.62% | ||||||
Gross expenses | 0.62% (f) | 0.62% | 0.60% | 0.61% | 0.62% | 0.62% | ||||||
Net investment income | 1.91% (f) | 2.22% | 1.77% | 2.24% | 2.01% | 1.83% | ||||||
Portfolio turnover rate | 58% | 118% (g) | 92% (g) | 81% | 97% | 15% |
Notes to Financial Highlights | |
(a) | Unaudited. |
(b) | Per share values have been calculated using the average shares method. |
(c) | Rounds to less than $0.005. |
(d) | Total returns are historical and assume changes in share price, reinvestment of dividends and capital gains distributions and do not include the effect of insurance contract charges. Past performance does not guarantee future results. |
(e) | The contribution from an Affiliate and the Adviser had no impact on total return. |
(f) | Annualized for periods less than one year. |
(g) | The portfolio turnover calculated for the six months ended 6/30/2022 and years ended 12/31/21 and 12/31/20 did not include To-Be-Announced transactions and, if it had, the portfolio turnover would have been 65%, 144% and 103%, respectively. |
116 | Financial Highlights |
Class 3 | ||||||||||||
6/30/22 (a) | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | 12/31/17 | |||||||
Inception date | 5/1/06 | |||||||||||
Net asset value, beginning of period | $ 16.00 | $ 16.57 | $ 15.86 | $ 14.01 | $ 19.88 | $ 18.03 | ||||||
Income/(loss) from investment operations: | ||||||||||||
Net investment income(b) | 0.12 | 0.35 | 0.23 | 0.30 | 0.35 | 0.31 | ||||||
Net realized and unrealized gains/(losses) on investments | (2.80) | 1.84 | 0.74 | 1.88 | (1.69) | 2.44 | ||||||
Total income/(loss) from investment operations | (2.68) | 2.19 | 0.97 | 2.18 | (1.34) | 2.75 | ||||||
Contribution from Advisor | — | 0.00 (c) | — | — | — | — | ||||||
Contribution from Affiliate | — | 0.00 (c) | — | — | — | — | ||||||
Less distributions from: | ||||||||||||
Net investment income | — | 0.34 | 0.26 | 0.33 | 0.39 | 0.35 | ||||||
Net realized gains | — | 2.42 | — | — | 4.14 | 0.55 | ||||||
Total distributions | — | 2.76 | 0.26 | 0.33 | 4.53 | 0.90 | ||||||
Net asset value, end of period | $ 13.32 | $ 16.00 | $ 16.57 | $ 15.86 | $ 14.01 | $ 19.88 | ||||||
Total Return(d) | (16.75)% | 13.20% (e) | 6.14% | 15.57% | (6.61)% | 15.26% | ||||||
Ratios/Supplemental Data: | ||||||||||||
Net assets, end of period (in thousands) | $801,844 | $1,035,137 | $1,063,931 | $1,156,437 | $1,165,809 | $1,464,061 | ||||||
Ratios to average net assets: | ||||||||||||
Net expenses | 0.87% (f) | 0.87% | 0.85% | 0.86% | 0.87% | 0.87% | ||||||
Gross expenses | 0.87% (f) | 0.87% | 0.85% | 0.86% | 0.87% | 0.87% | ||||||
Net investment income | 1.66% (f) | 1.95% | 1.52% | 1.99% | 1.76% | 1.59% | ||||||
Portfolio turnover rate | 58% | 118% (g) | 92% (g) | 81% | 97% | 15% |
Notes to Financial Highlights | |
(a) | Unaudited. |
(b) | Per share values have been calculated using the average shares method. |
(c) | Rounds to less than $0.005. |
(d) | Total returns are historical and assume changes in share price, reinvestment of dividends and capital gains distributions and do not include the effect of insurance contract charges. Past performance does not guarantee future results. |
(e) | The contribution from an Affiliate and the Adviser had no impact on total return. |
(f) | Annualized for periods less than one year. |
(g) | The portfolio turnover calculated for the six months ended 6/30/2022 and years ended 12/31/21 and 12/31/20 did not include To-Be-Announced transactions and, if it had, the portfolio turnover would have been 65%, 144% and 103%, respectively. |
Financial Highlights | 117 |
Assets | |
Investments in securities, at fair value (cost $1,304,022,641) | $ 1,196,025,202 |
Investments in affiliated securities, at fair value (cost $156,843,040) | 135,489,833 |
Investments in affiliated securities, at fair value | 113,351,282 |
Cash | 305,897 |
Net cash collateral on deposit with broker for future contracts | 2,538,969 |
Foreign currency (cost $716,020) | 722,286 |
Receivable for investments sold | 16,341,347 |
Income receivables | 3,851,842 |
Receivable for fund shares sold | 12,129 |
Income receivable from affiliated investments | 103,749 |
Total assets | 1,468,742,536 |
Liabilities | |
Payable for investments purchased | 50,950,164 |
Payable for fund shares redeemed | 691,371 |
Payable for accumulated variation margin on futures contracts | 895,051 |
Payable to the Adviser | 419,066 |
Payable for custody, fund accounting and sub-administration fees | 274,067 |
Accrued other expenses | 265,590 |
Distribution and service fees | 932,132 |
Total liabilities | 54,427,441 |
Net Assets | $ 1,414,315,095 |
Net Assets Consist of: | |
Capital paid in | $ 1,547,930,922 |
Total distributable earnings (loss) | (133,615,827) |
Net Assets | $ 1,414,315,095 |
Class 1: | |
Net Assets | $ 612,471,225 |
Shares outstanding ($0.01 par value, unlimited shares authorized) | 45,742,541 |
Net asset value, offering and redemption price per share | $ 13.39 |
Class 3: | |
Net Assets | $ 801,843,870 |
Shares outstanding ($0.01 par value, unlimited shares authorized) | 60,187,224 |
Net asset value per share | $ 13.32 |
118 | Statement of Assets and Liabilities |
Investment Income | |
Income | |
Dividend | $ 11,629,782 |
Interest | 7,021,170 |
Income from affiliated investments | 2,278,543 |
Less: Foreign taxes withheld | (725,494) |
Total income | 20,204,001 |
Expenses | |
Advisory and administration fees | 2,793,421 |
Distribution and service fees | |
Class 1 | 684,084 |
Class 3 | 2,050,979 |
Directors' fees | 15,311 |
Custody, fund accounting and sub-administration fees | 378,178 |
Professional fees | 39,018 |
Registration fees | 548 |
Other expenses | 157,818 |
Total expenses | 6,119,357 |
Net investment income | $ 14,084,644 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ (11,037,274)(a) |
Affiliated investments | (22,236,603) |
Futures | (2,198,213) |
Foreign currency transactions | (568,147) |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | (245,652,682) (b) |
Affiliated investments | (23,123,744) |
Futures | (1,126,504) |
Foreign currency translations | (141,539) |
Net realized and unrealized gain (loss) on investments | (306,084,706) |
Net Decrease in Net Assets Resulting from Operations | $ (292,000,062) |
(a) | Includes $(465,091) of net realized gains from foreign capital tax gain. |
(b) | Includes change in accrued foreign capital gains tax amounted to $289,209. |
Statement of Operations | 119 |
Six Months Ended June 30, 2022(a) | Year Ended December 31, 2021 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income | $ 14,084,644 | $ 37,850,641 | |
Net realized gain (loss) on investments, futures and foreign currency transactions | (36,040,237) | 266,640,662 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments, futures and foreign currency translations | (270,044,469) | (75,115,295) | |
Net increase (decrease) from operations | (292,000,062) | 229,376,008 | |
Distributions to shareholders: | |||
Total distributions | |||
Class 1 | — | (114,700,350) | |
Class 3 | — | (152,682,537) | |
Total distributions | — | (267,382,887) | |
Increase (decrease) in assets from operations and distributions | (292,000,062) | (38,006,879) | |
Share transactions: | |||
Proceeds from sale of shares | |||
Class 1 | 1,049,455 | 2,179,160 | |
Class 3 | 11,144,615 | 12,802,243 | |
Value of distributions reinvested | |||
Class 1 | — | 114,663,018 | |
Class 3 | — | 152,719,869 | |
Cost of shares redeemed | |||
Class 1 | (32,125,299) | (74,103,725) | |
Class 3 | (77,394,579) | (174,367,829) | |
Net increase (decrease) from share transactions | (97,325,808) | 33,892,736 | |
Contribution from Advisor | — | 2,165 | |
Contribution from Affiliate | — | 2,165 | |
Total increase (decrease) in net assets | (389,325,870) | (4,109,813) | |
Net Assets | |||
Beginning of period | 1,803,640,965 | 1,807,750,778 | |
End of period | $ 1,414,315,095 | $ 1,803,640,965 | |
Changes in Fund Shares | |||
Class 1 | |||
Shares sold | 69,410 | 116,074 | |
Issued for distributions reinvested | — | 7,126,353 | |
Shares redeemed | (2,170,047) | (4,126,451) | |
Net increase (decrease) in fund shares | (2,100,637) | 3,115,976 | |
Class 3 | |||
Shares sold | 752,791 | 719,039 | |
Issued for distributions reinvested | — | 9,527,128 | |
Shares redeemed | (5,251,480) | (9,749,748) | |
Net increase (decrease) in fund shares | (4,498,689) | 496,419 |
(a) | Unaudited. |
120 | Statements of Changes in Net Assets |
• | Equity investments (including preferred stocks and registered investment companies that are exchange-traded funds) traded on a recognized securities exchange for which market quotations are readily available are valued at the last sale price or official closing price, as applicable, on the primary market or exchange on which they trade. Equity investments traded on a recognized exchange for which there were no sales on that day are valued at the last published sale price or at fair value. |
Notes to Financial Statements | 121 |
• | Investments in registered investment companies (including money market funds) or other unitized pooled investment vehicles that are not traded on an exchange are valued at that day’s published net asset value (“NAV”) per share or unit. |
• | Government and municipal fixed income securities are generally valued using quotations from independent pricing services or brokers. Certain government inflation-indexed securities may require a calculated fair valuation as the cumulative inflation is contained within the price provided by the pricing service or broker. For these securities, the inflation component of the price is “cleaned” from the pricing service or broker price utilizing the published inflation factors in order to ensure proper accrual of income. |
• | Debt obligations (including short term investments and convertible debt securities) are valued using quotations from independent pricing services or brokers or are generally valued at the last reported evaluated prices. |
• | Exchange-traded futures contracts are valued at the closing settlement price on the primary market on which they are traded most extensively. Exchange-traded futures contracts traded on a recognized exchange for which there were no sales on that day are valued at the last reported sale price obtained from independent pricing services or brokers or at fair value. |
• | Level 1 — Unadjusted quoted prices in active markets for an identical asset or liability; |
• | Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and |
• | Level 3 — Unobservable inputs for the asset or liability, including the Committee’s assumptions used in determining the fair value of investments. |
122 | Notes to Financial Statements |
Notes to Financial Statements | 123 |
Liability Derivatives | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Total Return V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ 895,051 | $ — | $ 895,051 |
124 | Notes to Financial Statements |
Realized Gain/Loss | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Total Return V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | (2,198,213) | $ — | $ (2,198,213) |
Net Change in Unrealized Appreciation (Depreciation) | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Total Return V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | (1,126,504) | $ — | $ (1,126,504) |
Notes to Financial Statements | 125 |
U.S. Government Securities | |
Purchases | Sales |
$ 230,230,400 | $ 228,331,596 |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 763,233,300 | $ 867,757,297 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 1,582,573,090 | $ 32,083,913 | $ 170,689,116 | $ (138,605,203) |
126 | Notes to Financial Statements |
Notes to Financial Statements | 127 |
128 | Notes to Financial Statements |
Notes to Financial Statements | 129 |
130 | Other Information |
• | A report prepared by an independent third-party provider of investment company data, which includes for the Fund: |
○ | Comparisons of the Fund’s performance over the past one-, three-, five- and ten-year periods ended December 31, 2021, to the performance of an appropriate benchmark constructed by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Lipper Index”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”); |
○ | Comparisons of the Fund’s expense ratio (with detail of component expenses) to the expense ratios of a group of comparable mutual funds selected by the independent third-party data provider (the “Expense Group” and/or “Expense Universe”); |
Other Information | 131 |
○ | A chart showing the Fund’s historical average net assets relative to its total expenses, management fees, and non-management expenses over the past five calendar years; and |
○ | Comparisons of the Fund’s contractual management fee to the contractual management fees of comparable mutual funds at different asset levels. |
• | Comparative information concerning fees charged by the Adviser for managing institutional accounts using investment strategies and techniques similar to those used in managing the Fund; and |
• | Profitability analyses for (a) the Adviser with respect to the Fund and (b) affiliates of SSGA FM that provide services to the Fund (“Affiliated Service Providers”). |
• | Descriptions of the investment management services provided by the Adviser, including its investment strategies and processes; |
• | Information concerning the allocation of brokerage; and |
• | Information regarding the procedures and processes used to value the assets of the Fund. |
• | Reports detailing the financial results and condition of SSGA FM and its affiliates; |
• | Descriptions of the qualifications, education and experience of the individual investment and other professionals responsible for managing the portfolio of the Fund and for Fund operations; |
• | Information relating to compliance with and the administration of the Code of Ethics adopted by the Adviser; |
• | Information about the Adviser’s proxy voting policies and procedures and information regarding the Adviser’s practices for overseeing proxy vendors; |
• | Information concerning the resources devoted by the Adviser to overseeing compliance by the Fund and its service providers, including information concerning compliance with investment policies and restrictions and other operating policies of the Fund; |
• | A description of the adequacy and sophistication of the Adviser’s technology and systems with respect to investment and administrative matters and a description of any material improvements or changes in technology or systems in the past year; |
• | A description of the business continuity and disaster recovery plans of the Adviser; and |
• | Information regarding the Adviser’s risk management processes. |
• | Information concerning the nature, extent, quality and cost of services provided to the Fund by SSGA FM in its capacity as the Fund’s administrator (the “Administrator”); |
• | Information concerning the nature, extent, quality and cost of various non-investment management services provided to the Fund by affiliates of the Adviser, including the custodian, sub-administrator and fund accountant of the Fund, and the role of the Adviser in managing the Fund’s relationship with these service providers; |
• | Copies of the Advisory Agreement and agreements with other service providers of the Fund; |
• | Responses to a request for information reviewed prior to the April 6, 2022 and May 11-12, 2022 meetings by Independent Counsel, requesting specific information from each of: |
132 | Other Information |
○ | SSGA FM, in its capacity as the Fund’s Adviser and Administrator, with respect to its operations relating to the Fund and its approximate profit margins from such operations for the calendar year ended December 31, 2021; and the relevant operations of other Affiliated Service Providers to the Fund, together with their approximate profit margins from such relevant operations for the calendar year ended December 31, 2021; |
○ | State Street Bank and Trust Company (“State Street”), the sub-administrator, custodian, and fund accountant for the Fund, with respect to its operations relating to the Fund; and |
○ | State Street Global Advisors Funds Distributors, LLC, the principal underwriter and distributor of the shares of the Fund (the “Distributor”), with respect to its operations relating to the Fund, together with the Fund’s related distribution plans and arrangements under Rule 12b-1 of the 1940 Act; |
• | Information from SSGA FM, State Street, and the Distributor with respect to the Fund, providing any material changes to the previous information supplied in response to the letter from Independent Counsel prior to the executive session of the Board on May 11-12, 2022; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
Other Information | 133 |
134 | Other Information |
Other Information | 135 |
(b) | Not applicable. |
Item 2. Code of Ethics.
Not applicable to this filing.
Item 3. Audit Committee Financial Expert.
Not applicable to this filing.
Item 4. Principal Accountant Fees and Services.
Not applicable to this filing.
Item 5. Audit Committee of Listed Registrants.
Not applicable to the Registrant.
Item 6. Investments.
(a) | Schedules of Investments are included as part of the reports to shareholders filed under Item 1 of this Form N-CSR. |
(b) | Not applicable to the Registrant. |
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.
There were no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Directors.
Item 11. Controls and Procedures.
(a) The Registrant’s principal executive officer and principal financial officer have concluded that 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”)) are effective to provide reasonable assurance that information required to be disclosed by the Registrant on Form N-CSR is recorded, processed, summarized and reported as of a date within 90 days of the filing date of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended.
(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 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. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
(a) Not applicable to the Registrant.
(b) Not applicable to the Registrant.
Item 13. Exhibits.
(a)(1) | Not applicable; this Form N-CSR is a Semi-Annual Report. |
(a)(2) |
(a)(3) | Not applicable to the Registrant. |
(a)(4) | Not applicable. |
(b) |
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.
Registrant: STATE STREET VARIABLE INSURANCE SERIES FUNDS, INC.
By: | /s/ Ellen M. Needham | |
Ellen M. Needham | ||
President |
Date: August 26, 2022
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: | /s/ Ellen M. Needham | |
Ellen M. Needham | ||
President (Principal Executive Officer) |
Date: August 26, 2022
By: | /s/ Bruce S. Rosenberg | |
Bruce S. Rosenberg | ||
Treasurer (Principal Financial and Accounting Officer) |
Date: August 26, 2022