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, 2023
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 | |
24 |
State Street S&P 500 Index V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $166,905 (in thousands) as of June 30, 2023 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2023 (as a % of Fair Value) (a)(b) | |
Apple, Inc. | 7.48% |
Microsoft Corp. | 6.59% |
Amazon.com, Inc. | 3.02% |
NVIDIA Corp. | 2.72% |
Alphabet, Inc., Class A | 1.85% |
Tesla, Inc. | 1.83% |
Meta Platforms, Inc., Class A | 1.66% |
Alphabet, Inc., Class C | 1.60% |
Berkshire Hathaway, Inc., Class B | 1.58% |
UnitedHealth Group, Inc. | 1.17% |
(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, 2023 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2023 | $1,167.00 | $1,023.20 | |
Expenses Paid During Period* | $ 1.72 | $ 1.61 |
* | Expenses are equal to the Fund's annualized expense ratio of 0.32% (for the period January 1, 2023 - June 30, 2023), 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 - 96.7% † | ||
Advertising - 0.1% | ||
Interpublic Group of Cos., Inc. | 1,662 | $ 64,120 |
Omnicom Group, Inc. | 814 | 77,452 |
141,572 | ||
Aerospace & Defense - 1.6% | ||
Axon Enterprise, Inc. (a) | 300 | 58,536 |
Boeing Co. (a) | 2,418 | 510,585 |
General Dynamics Corp. | 999 | 214,935 |
Howmet Aerospace, Inc. | 1,436 | 71,168 |
Huntington Ingalls Industries, Inc. | 200 | 45,520 |
L3Harris Technologies, Inc. | 842 | 164,838 |
Lockheed Martin Corp. | 984 | 453,014 |
Northrop Grumman Corp. | 595 | 271,201 |
Raytheon Technologies Corp. | 6,357 | 622,732 |
Textron, Inc. | 1,023 | 69,185 |
TransDigm Group, Inc. | 217 | 194,035 |
2,675,749 | ||
Agricultural & Farm Machinery - 0.3% | ||
Deere & Co. | 1,171 | 474,478 |
Agricultural Products & Services - 0.1% | ||
Archer-Daniels-Midland Co. (b) | 2,287 | 172,806 |
Bunge Ltd. | 700 | 66,045 |
238,851 | ||
Air Freight & Logistics - 0.6% | ||
CH Robinson Worldwide, Inc. | 552 | 52,081 |
Expeditors International of Washington, Inc. | 713 | 86,366 |
FedEx Corp. | 1,036 | 256,824 |
United Parcel Service, Inc., Class B | 3,156 | 565,713 |
960,984 | ||
Apparel Retail - 0.4% | ||
Ross Stores, Inc. | 1,479 | 165,840 |
TJX Cos., Inc. | 5,014 | 425,137 |
590,977 | ||
Apparel, Accessories & Luxury Goods - 0.1% | ||
Ralph Lauren Corp. | 170 | 20,961 |
Tapestry, Inc. | 1,189 | 50,889 |
VF Corp. | 1,441 | 27,509 |
99,359 |
Number of Shares | Fair Value | |
Application Software - 2.3% | ||
Adobe, Inc. (a)(b) | 1,989 | $ 972,601 |
ANSYS, Inc. (a) | 358 | 118,237 |
Autodesk, Inc. (a) | 963 | 197,039 |
Cadence Design Systems, Inc. (a) | 1,224 | 287,052 |
Fair Isaac Corp. (a) | 100 | 80,921 |
Intuit, Inc. | 1,216 | 557,159 |
PTC, Inc. (a) | 500 | 71,150 |
Roper Technologies, Inc. | 430 | 206,744 |
Salesforce, Inc. (a) | 4,289 | 906,094 |
Synopsys, Inc. (a) | 682 | 296,950 |
Tyler Technologies, Inc. (a) | 200 | 83,294 |
3,777,241 | ||
Asset Management & Custody Banks - 0.7% | ||
Ameriprise Financial, Inc. | 475 | 157,776 |
Bank of New York Mellon Corp. | 3,217 | 143,221 |
BlackRock, Inc. | 657 | 454,079 |
Franklin Resources, Inc. | 1,491 | 39,825 |
Invesco Ltd. | 1,674 | 28,140 |
Northern Trust Corp. | 920 | 68,209 |
State Street Corp. (c) | 1,468 | 107,428 |
T Rowe Price Group, Inc. | 928 | 103,954 |
1,102,632 | ||
Automobile Manufacturers - 2.1% | ||
Ford Motor Co. | 17,533 | 265,274 |
General Motors Co. | 6,122 | 236,065 |
Tesla, Inc. (a) | 11,683 | 3,058,259 |
3,559,598 | ||
Automotive Parts & Equipment - 0.1% | ||
Aptiv PLC (a) | 1,165 | 118,935 |
BorgWarner, Inc. | 863 | 42,209 |
161,144 | ||
Automotive Retail - 0.3% | ||
Advance Auto Parts, Inc. (b) | 304 | 21,371 |
AutoZone, Inc. (a) | 81 | 201,962 |
CarMax, Inc. (a) | 678 | 56,749 |
O'Reilly Automotive, Inc. (a) | 279 | 266,529 |
546,611 | ||
Biotechnology - 1.8% | ||
AbbVie, Inc. | 7,645 | 1,030,011 |
Amgen, Inc. | 2,306 | 511,978 |
4 | State Street S&P 500 Index V.I.S. Fund |
Number of Shares | Fair Value | |
Biogen, Inc. (a) | 625 | $ 178,031 |
Gilead Sciences, Inc. | 5,394 | 415,716 |
Incyte Corp. (a) | 768 | 47,808 |
Moderna, Inc. (a) | 1,415 | 171,922 |
Regeneron Pharmaceuticals, Inc. (a) | 466 | 334,840 |
Vertex Pharmaceuticals, Inc. (a) | 1,117 | 393,083 |
3,083,389 | ||
Brewers - 0.0%* | ||
Molson Coors Beverage Co., Class B | 810 | 53,330 |
Broadcasting - 0.1% | ||
Fox Corp., Class A | 1,167 | 39,678 |
Fox Corp., Class B | 740 | 23,598 |
Paramount Global, Class B | 2,036 | 32,393 |
95,669 | ||
Broadline Retail - 3.1% | ||
Amazon.com, Inc. (a)(b) | 38,714 | 5,046,757 |
eBay, Inc. | 2,497 | 111,591 |
Etsy, Inc. (a) | 600 | 50,766 |
5,209,114 | ||
Building Products - 0.4% | ||
A O Smith Corp. (b) | 607 | 44,177 |
Allegion PLC | 398 | 47,768 |
Carrier Global Corp. | 3,467 | 172,345 |
Johnson Controls International PLC | 3,122 | 212,733 |
Masco Corp. | 1,006 | 57,724 |
Trane Technologies PLC | 977 | 186,861 |
721,608 | ||
Cable & Satellite - 0.6% | ||
Charter Communications, Inc., Class A (a) | 454 | 166,786 |
Comcast Corp., Class A | 18,264 | 758,869 |
DISH Network Corp., Class A (a) | 1,098 | 7,236 |
932,891 | ||
Cargo Ground Transportation - 0.1% | ||
JB Hunt Transport Services, Inc. | 354 | 64,085 |
Number of Shares | Fair Value | |
Old Dominion Freight Line, Inc. | 378 | $ 139,765 |
203,850 | ||
Casinos & Gaming - 0.1% | ||
Caesars Entertainment, Inc. (a) | 1,071 | 54,589 |
Las Vegas Sands Corp. (a) | 1,425 | 82,650 |
MGM Resorts International | 1,217 | 53,451 |
Wynn Resorts Ltd. | 481 | 50,798 |
241,488 | ||
Commodity Chemicals - 0.2% | ||
Dow, Inc. | 3,126 | 166,491 |
LyondellBasell Industries NV, Class A | 1,039 | 95,411 |
261,902 | ||
Communications Equipment - 0.8% | ||
Arista Networks, Inc. (a)(b) | 1,036 | 167,894 |
Cisco Systems, Inc. | 17,960 | 929,250 |
F5, Inc. (a) | 311 | 45,487 |
Juniper Networks, Inc. | 1,508 | 47,246 |
Motorola Solutions, Inc. | 715 | 209,695 |
1,399,572 | ||
Computer & Electronics Retail - 0.0%* | ||
Best Buy Co., Inc. | 860 | 70,477 |
Construction & Engineering - 0.1% | ||
Quanta Services, Inc. | 633 | 124,353 |
Construction Machinery & Heavy Transportation Equipment - 0.6% | ||
Caterpillar, Inc. | 2,282 | 561,486 |
Cummins, Inc. | 642 | 157,393 |
PACCAR, Inc. | 2,217 | 185,452 |
Westinghouse Air Brake Technologies Corp. | 736 | 80,717 |
985,048 | ||
Construction Materials - 0.2% | ||
Martin Marietta Materials, Inc. | 288 | 132,967 |
Vulcan Materials Co. | 613 | 138,194 |
271,161 | ||
Consumer Electronics - 0.0%* | ||
Garmin Ltd. | 700 | 73,003 |
State Street S&P 500 Index V.I.S. Fund | 5 |
Number of Shares | Fair Value | |
Consumer Finance - 0.5% | ||
American Express Co. | 2,575 | $ 448,565 |
Capital One Financial Corp. | 1,670 | 182,648 |
Discover Financial Services | 1,236 | 144,426 |
Synchrony Financial | 2,066 | 70,079 |
845,718 | ||
Consumer Staples Merchandise Retail - 1.5% | ||
Costco Wholesale Corp. | 1,938 | 1,043,380 |
Dollar General Corp. | 988 | 167,743 |
Dollar Tree, Inc. (a) | 861 | 123,554 |
Target Corp. | 2,036 | 268,548 |
Walmart, Inc. | 6,128 | 963,199 |
2,566,424 | ||
Copper - 0.1% | ||
Freeport-McMoRan, Inc. | 6,129 | 245,160 |
Data Center REITs - 0.3% | ||
Digital Realty Trust, Inc. | 1,208 | 137,555 |
Equinix, Inc. | 405 | 317,496 |
455,051 | ||
Data Processing & Outsourced Services - 0.1% | ||
Broadridge Financial Solutions, Inc. | 562 | 93,084 |
Distillers & Vintners - 0.1% | ||
Brown-Forman Corp., Class B | 755 | 50,419 |
Constellation Brands, Inc., Class A | 740 | 182,136 |
232,555 | ||
Distributors - 0.1% | ||
Genuine Parts Co. | 586 | 99,169 |
LKQ Corp. | 1,238 | 72,138 |
Pool Corp. | 151 | 56,571 |
227,878 | ||
Diversified Banks - 2.6% | ||
Bank of America Corp. | 30,588 | 877,570 |
Citigroup, Inc. | 8,446 | 388,854 |
JPMorgan Chase & Co. | 12,784 | 1,859,305 |
KeyCorp | 3,987 | 36,840 |
PNC Financial Services Group, Inc. | 1,799 | 226,584 |
U.S. Bancorp | 6,014 | 198,702 |
Number of Shares | Fair Value | |
Wells Fargo & Co. | 16,360 | $ 698,245 |
4,286,100 | ||
Diversified Support Services - 0.2% | ||
Cintas Corp. | 377 | 187,399 |
Copart, Inc. (a) | 1,888 | 172,205 |
359,604 | ||
Drug Retail - 0.1% | ||
Walgreens Boots Alliance, Inc. | 3,007 | 85,669 |
Electric Utilities - 1.6% | ||
Alliant Energy Corp. (b) | 1,156 | 60,667 |
American Electric Power Company, Inc. | 2,196 | 184,903 |
Constellation Energy Corp. | 1,411 | 129,177 |
Duke Energy Corp. | 3,352 | 300,809 |
Edison International | 1,623 | 112,717 |
Entergy Corp. | 900 | 87,633 |
Evergy, Inc. | 1,088 | 63,561 |
Eversource Energy | 1,562 | 110,777 |
Exelon Corp. | 4,180 | 170,293 |
FirstEnergy Corp. | 2,559 | 99,494 |
NextEra Energy, Inc. | 8,656 | 642,275 |
NRG Energy, Inc. | 991 | 37,054 |
PG&E Corp. (a) | 6,600 | 114,048 |
Pinnacle West Capital Corp. | 489 | 39,834 |
PPL Corp. | 3,455 | 91,419 |
Southern Co. | 4,750 | 333,688 |
Xcel Energy, Inc. | 2,301 | 143,053 |
2,721,402 | ||
Electrical Components & Equipment - 0.6% | ||
AMETEK, Inc. | 968 | 156,700 |
Eaton Corp. PLC | 1,721 | 346,093 |
Emerson Electric Co. | 2,503 | 226,246 |
Generac Holdings, Inc. (a) | 324 | 48,318 |
Rockwell Automation, Inc. | 514 | 169,338 |
946,695 | ||
Electronic Components - 0.2% | ||
Amphenol Corp., Class A | 2,565 | 217,897 |
Corning, Inc. | 3,162 | 110,796 |
328,693 | ||
Electronic Equipment & Instruments - 0.2% | ||
Keysight Technologies, Inc. (a) | 798 | 133,625 |
6 | State Street S&P 500 Index V.I.S. Fund |
Number of Shares | Fair Value | |
Teledyne Technologies, Inc. (a) | 194 | $ 79,755 |
Trimble, Inc. (a) | 941 | 49,817 |
Zebra Technologies Corp., Class A (a) | 250 | 73,957 |
337,154 | ||
Electronic Manufacturing Services - 0.1% | ||
TE Connectivity Ltd. | 1,336 | 187,254 |
Environmental & Facilities Services - 0.3% | ||
Republic Services, Inc. | 892 | 136,627 |
Rollins, Inc. | 1,200 | 51,396 |
Waste Management, Inc. | 1,566 | 271,576 |
459,599 | ||
Fertilizers & Agricultural Chemicals - 0.2% | ||
CF Industries Holdings, Inc. | 949 | 65,879 |
Corteva, Inc. | 3,036 | 173,963 |
FMC Corp. | 553 | 57,700 |
Mosaic Co. | 1,427 | 49,945 |
347,487 | ||
Financial Exchanges & Data - 1.1% | ||
Cboe Global Markets, Inc. | 438 | 60,449 |
CME Group, Inc. | 1,602 | 296,835 |
FactSet Research Systems, Inc. | 180 | 72,117 |
Intercontinental Exchange, Inc. | 2,491 | 281,682 |
MarketAxess Holdings, Inc. | 180 | 47,056 |
Moody's Corp. | 674 | 234,363 |
MSCI, Inc. | 353 | 165,659 |
Nasdaq, Inc. | 1,512 | 75,373 |
S&P Global, Inc. | 1,438 | 576,480 |
1,810,014 | ||
Food Distributors - 0.1% | ||
Sysco Corp. | 2,160 | 160,272 |
Food Retail - 0.1% | ||
Kroger Co. | 2,948 | 138,556 |
Footwear - 0.4% | ||
NIKE, Inc., Class B | 5,397 | 595,667 |
Gas Utilities - 0.0%* | ||
Atmos Energy Corp. | 560 | 65,150 |
Number of Shares | Fair Value | |
Gold - 0.1% | ||
Newmont Corp. | 3,499 | $ 149,267 |
Health Care REITs - 0.2% | ||
Healthpeak Properties, Inc. | 2,669 | 53,647 |
Ventas, Inc. | 1,522 | 71,945 |
Welltower, Inc. | 2,144 | 173,428 |
299,020 | ||
Healthcare Distributors - 0.3% | ||
AmerisourceBergen Corp. | 655 | 126,042 |
Cardinal Health, Inc. | 1,169 | 110,552 |
Henry Schein, Inc. (a) | 663 | 53,769 |
McKesson Corp. | 586 | 250,404 |
540,767 | ||
Healthcare Equipment - 2.6% | ||
Abbott Laboratories (b) | 7,624 | 831,168 |
Baxter International, Inc. | 2,181 | 99,366 |
Becton Dickinson & Co. | 1,252 | 330,541 |
Boston Scientific Corp. (a) | 6,209 | 335,845 |
Dexcom, Inc. (a) | 1,654 | 212,556 |
Edwards Lifesciences Corp. (a) | 2,731 | 257,615 |
GE HealthCare Technologies, Inc. | 1,621 | 131,690 |
Hologic, Inc. (a) | 1,062 | 85,990 |
IDEXX Laboratories, Inc. (a) | 363 | 182,309 |
Insulet Corp. (a) | 300 | 86,502 |
Intuitive Surgical, Inc. (a) | 1,537 | 525,562 |
Medtronic PLC | 5,729 | 504,725 |
ResMed, Inc. | 617 | 134,815 |
STERIS PLC | 400 | 89,992 |
Stryker Corp. | 1,448 | 441,770 |
Teleflex, Inc. | 222 | 53,731 |
Zimmer Biomet Holdings, Inc. | 862 | 125,507 |
4,429,684 | ||
Healthcare Facilities - 0.2% | ||
HCA Healthcare, Inc. | 945 | 286,789 |
Universal Health Services, Inc., Class B | 241 | 38,022 |
324,811 | ||
Healthcare Services - 0.6% | ||
Cigna Group | 1,289 | 361,693 |
CVS Health Corp. | 5,553 | 383,879 |
DaVita, Inc. (a) | 158 | 15,874 |
State Street S&P 500 Index V.I.S. Fund | 7 |
Number of Shares | Fair Value | |
Laboratory Corp. of America Holdings | 393 | $ 94,843 |
Quest Diagnostics, Inc. | 458 | 64,377 |
920,666 | ||
Healthcare Supplies - 0.1% | ||
Align Technology, Inc. (a)(b) | 287 | 101,495 |
Cooper Cos., Inc. | 235 | 90,106 |
Dentsply Sirona, Inc. | 977 | 39,099 |
230,700 | ||
Home Building - 0.3% | ||
DR Horton, Inc. | 1,311 | 159,536 |
Lennar Corp., Class A | 1,136 | 142,352 |
NVR, Inc. (a) | 12 | 76,207 |
PulteGroup, Inc. | 907 | 70,456 |
448,551 | ||
Home Furnishings - 0.0%* | ||
Mohawk Industries, Inc. (a) | 275 | 28,369 |
Home Improvement Retail - 1.2% | ||
Lowe's Cos., Inc. | 2,650 | 598,105 |
The Home Depot, Inc. | 4,425 | 1,374,582 |
1,972,687 | ||
Hotel & Resort REITs - 0.0%* | ||
Host Hotels & Resorts, Inc. | 2,755 | 46,367 |
Hotels, Resorts & Cruise Lines - 0.7% | ||
Booking Holdings, Inc. (a) | 158 | 426,652 |
Carnival Corp. (a) | 4,167 | 78,464 |
Expedia Group, Inc. (a) | 589 | 64,431 |
Hilton Worldwide Holdings, Inc. | 1,200 | 174,660 |
Marriott International, Inc., Class A | 1,197 | 219,877 |
Norwegian Cruise Line Holdings Ltd. (a) | 2,096 | 45,630 |
Royal Caribbean Cruises Ltd. (a) | 936 | 97,101 |
1,106,815 | ||
Household Appliances - 0.0%* | ||
Whirlpool Corp. | 267 | 39,727 |
Household Products - 1.3% | ||
Church & Dwight Co., Inc. | 1,069 | 107,146 |
Clorox Co. | 513 | 81,588 |
Colgate-Palmolive Co. | 3,719 | 286,512 |
Number of Shares | Fair Value | |
Kimberly-Clark Corp. | 1,455 | $ 200,877 |
The Procter & Gamble Co. | 10,279 | 1,559,735 |
2,235,858 | ||
Housewares & Specialties - 0.0%* | ||
Newell Brands, Inc. | 1,635 | 14,225 |
Human Resource & Employment Services - 0.4% | ||
Automatic Data Processing, Inc. | 1,797 | 394,962 |
Ceridian HCM Holding, Inc. (a) | 666 | 44,602 |
Paychex, Inc. | 1,364 | 152,591 |
Paycom Software, Inc. | 203 | 65,212 |
Robert Half International, Inc. | 390 | 29,336 |
686,703 | ||
Independent Power Producers & Energy Traders - 0.0%* | ||
AES Corp. (b) | 2,716 | 56,303 |
Industrial Conglomerates - 0.8% | ||
3M Co. (b) | 2,466 | 246,822 |
General Electric Co. | 4,712 | 517,613 |
Honeywell International, Inc. | 2,929 | 607,768 |
1,372,203 | ||
Industrial Gases - 0.7% | ||
Air Products & Chemicals, Inc. (b) | 963 | 288,448 |
Linde PLC | 2,139 | 815,130 |
1,103,578 | ||
Industrial Machinery & Supplies & Components - 0.8% | ||
Dover Corp. | 626 | 92,429 |
Fortive Corp. | 1,584 | 118,436 |
IDEX Corp. | 340 | 73,188 |
Illinois Tool Works, Inc. | 1,194 | 298,691 |
Ingersoll Rand, Inc. | 1,662 | 108,628 |
Nordson Corp. | 237 | 58,819 |
Otis Worldwide Corp. | 1,858 | 165,380 |
Parker-Hannifin Corp. | 541 | 211,012 |
Pentair PLC | 696 | 44,962 |
Snap-on, Inc. | 182 | 52,451 |
Stanley Black & Decker, Inc. | 649 | 60,818 |
Xylem, Inc. | 1,057 | 119,039 |
1,403,853 | ||
Industrial REITs - 0.3% | ||
Prologis, Inc. | 4,041 | 495,548 |
8 | State Street S&P 500 Index V.I.S. Fund |
Number of Shares | Fair Value | |
Insurance Brokers - 0.7% | ||
Aon PLC, Class A | 883 | $ 304,812 |
Arthur J Gallagher & Co. (b) | 927 | 203,541 |
Brown & Brown, Inc. | 1,145 | 78,822 |
Marsh & McLennan Cos., Inc. | 2,107 | 396,284 |
Willis Towers Watson PLC | 494 | 116,337 |
1,099,796 | ||
Integrated Oil & Gas - 1.9% | ||
Chevron Corp. | 7,545 | 1,187,206 |
Exxon Mobil Corp. | 17,535 | 1,880,629 |
Occidental Petroleum Corp. | 3,243 | 190,688 |
3,258,523 | ||
Integrated Telecommunication Services - 0.7% | ||
AT&T, Inc. (b) | 31,283 | 498,964 |
Verizon Communications, Inc. | 18,220 | 677,602 |
1,176,566 | ||
Interactive Home Entertainment - 0.3% | ||
Activision Blizzard, Inc. (a)(b) | 3,028 | 255,260 |
Electronic Arts, Inc. | 1,150 | 149,155 |
Take-Two Interactive Software, Inc. (a) | 736 | 108,310 |
512,725 | ||
Interactive Media & Services - 5.1% | ||
Alphabet, Inc., Class C (a) | 22,148 | 2,679,244 |
Alphabet, Inc., Class A (a) | 25,775 | 3,085,267 |
Match Group, Inc. (a) | 1,240 | 51,894 |
Meta Platforms, Inc., Class A (a) | 9,632 | 2,764,191 |
8,580,596 | ||
Internet Services & Infrastructure - 0.1% | ||
Akamai Technologies, Inc. (a)(b) | 614 | 55,180 |
VeriSign, Inc. (a) | 374 | 84,513 |
139,693 | ||
Investment Banking & Brokerage - 0.8% | ||
Goldman Sachs Group, Inc. | 1,474 | 475,424 |
Morgan Stanley | 5,680 | 485,072 |
Raymond James Financial, Inc. | 793 | 82,290 |
The Charles Schwab Corp. | 6,592 | 373,634 |
1,416,420 |
Number of Shares | Fair Value | |
IT Consulting & Other Services - 1.0% | ||
Accenture PLC, Class A (b) | 2,734 | $ 843,658 |
Cognizant Technology Solutions Corp., Class A | 2,337 | 152,559 |
DXC Technology Co. (a) | 1,002 | 26,773 |
EPAM Systems, Inc. (a) | 273 | 61,357 |
Gartner, Inc. (a) | 328 | 114,902 |
International Business Machines Corp. | 3,967 | 530,824 |
1,730,073 | ||
Leisure Products - 0.0%* | ||
Hasbro, Inc. | 692 | 44,821 |
Life & Health Insurance - 0.4% | ||
Aflac, Inc. (b) | 2,389 | 166,752 |
Globe Life, Inc. | 457 | 50,096 |
Lincoln National Corp. | 863 | 22,231 |
MetLife, Inc. | 2,995 | 169,308 |
Principal Financial Group, Inc. | 1,011 | 76,674 |
Prudential Financial, Inc. | 1,691 | 149,180 |
634,241 | ||
Life Sciences Tools & Services - 1.5% | ||
Agilent Technologies, Inc. (b) | 1,244 | 149,591 |
Bio-Rad Laboratories, Inc., Class A (a) | 100 | 37,912 |
Bio-Techne Corp. | 612 | 49,958 |
Charles River Laboratories International, Inc. (a) | 226 | 47,516 |
Danaher Corp. | 2,862 | 686,880 |
Illumina, Inc. (a) | 664 | 124,493 |
IQVIA Holdings, Inc. (a) | 844 | 189,706 |
Mettler-Toledo International, Inc. (a) | 95 | 124,606 |
Revvity, Inc. | 600 | 71,274 |
Thermo Fisher Scientific, Inc. | 1,668 | 870,279 |
Waters Corp. (a) | 268 | 71,433 |
West Pharmaceutical Services, Inc. | 310 | 118,566 |
2,542,214 | ||
Managed Healthcare - 1.7% | ||
Centene Corp. (a) | 2,324 | 156,754 |
Elevance Health, Inc. | 1,047 | 465,172 |
Humana, Inc. | 548 | 245,027 |
Molina Healthcare, Inc. (a) | 252 | 75,912 |
UnitedHealth Group, Inc. | 4,076 | 1,959,089 |
2,901,954 |
State Street S&P 500 Index V.I.S. Fund | 9 |
Number of Shares | Fair Value | |
Metal, Glass & Plastic Containers - 0.1% | ||
Ball Corp. | 1,464 | $ 85,219 |
Movies & Entertainment - 1.0% | ||
Live Nation Entertainment, Inc. (a) | 639 | 58,219 |
Netflix, Inc. (a) | 1,924 | 847,503 |
The Walt Disney Co. (a) | 7,910 | 706,205 |
Warner Bros Discovery, Inc. (a) | 9,394 | 117,801 |
1,729,728 | ||
Multi-Family Residential REITs - 0.3% | ||
AvalonBay Communities, Inc. | 620 | 117,347 |
Camden Property Trust | 500 | 54,435 |
Equity Residential | 1,384 | 91,303 |
Essex Property Trust, Inc. | 286 | 67,010 |
Mid-America Apartment Communities, Inc. | 534 | 81,093 |
UDR, Inc. | 1,498 | 64,354 |
475,542 | ||
Multi-Line Insurance - 0.2% | ||
American International Group, Inc. | 3,186 | 183,323 |
Assurant, Inc. (b) | 252 | 31,681 |
Hartford Financial Services Group, Inc. | 1,419 | 102,196 |
317,200 | ||
Multi-Sector Holdings - 1.6% | ||
Berkshire Hathaway, Inc., Class B (a) | 7,723 | 2,633,543 |
Multi-Utilities - 0.7% | ||
Ameren Corp. (b) | 1,067 | 87,142 |
CenterPoint Energy, Inc. | 2,964 | 86,401 |
CMS Energy Corp. | 1,149 | 67,504 |
Consolidated Edison, Inc. | 1,542 | 139,397 |
Dominion Energy, Inc. | 3,580 | 185,408 |
DTE Energy Co. | 902 | 99,238 |
NiSource, Inc. | 2,025 | 55,384 |
Public Service Enterprise Group, Inc. | 2,007 | 125,658 |
Sempra Energy | 1,321 | 192,324 |
WEC Energy Group, Inc. | 1,435 | 126,624 |
1,165,080 |
Number of Shares | Fair Value | |
Office REITs - 0.1% | ||
Alexandria Real Estate Equities, Inc. (b) | 700 | $ 79,443 |
Boston Properties, Inc. | 678 | 39,046 |
118,489 | ||
Oil & Gas Equipment & Services - 0.3% | ||
Baker Hughes Co. (b) | 4,506 | 142,435 |
Halliburton Co. | 3,815 | 125,857 |
Schlumberger NV | 6,304 | 309,652 |
577,944 | ||
Oil & Gas Exploration & Production - 1.0% | ||
APA Corp. (b) | 1,268 | 43,327 |
ConocoPhillips | 5,367 | 556,075 |
Coterra Energy, Inc. | 3,158 | 79,897 |
Devon Energy Corp. | 2,946 | 142,410 |
Diamondback Energy, Inc. | 794 | 104,300 |
EOG Resources, Inc. | 2,534 | 289,991 |
EQT Corp. | 1,700 | 69,921 |
Hess Corp. | 1,179 | 160,285 |
Marathon Oil Corp. | 2,562 | 58,977 |
Pioneer Natural Resources Co. | 1,004 | 208,009 |
1,713,192 | ||
Oil & Gas Refining & Marketing - 0.4% | ||
Marathon Petroleum Corp. | 1,757 | 204,866 |
Phillips 66 Co. | 1,960 | 186,945 |
Valero Energy Corp. | 1,653 | 193,897 |
585,708 | ||
Oil & Gas Storage & Transportation - 0.3% | ||
Kinder Morgan, Inc. | 8,660 | 149,125 |
ONEOK, Inc. | 1,965 | 121,280 |
Targa Resources Corp. | 893 | 67,957 |
Williams Cos., Inc. | 5,197 | 169,578 |
507,940 | ||
Other Specialized REITs - 0.1% | ||
Iron Mountain, Inc. | 1,186 | 67,388 |
VICI Properties, Inc. | 4,067 | 127,826 |
195,214 | ||
Other Specialty Retail - 0.1% | ||
Bath & Body Works, Inc. | 892 | 33,450 |
Tractor Supply Co. | 457 | 101,043 |
10 | State Street S&P 500 Index V.I.S. Fund |
Number of Shares | Fair Value | |
Ulta Beauty, Inc. (a) | 212 | $ 99,766 |
234,259 | ||
Packaged Foods & Meats - 0.8% | ||
Campbell Soup Co. | 776 | 35,471 |
Conagra Brands, Inc. | 1,941 | 65,451 |
General Mills, Inc. | 2,465 | 189,065 |
Hershey Co. | 663 | 165,551 |
Hormel Foods Corp. | 1,297 | 52,165 |
J M Smucker Co. | 459 | 67,781 |
Kellogg Co. | 1,186 | 79,936 |
Kraft Heinz Co. | 3,317 | 117,754 |
Lamb Weston Holdings, Inc. | 568 | 65,292 |
McCormick & Co., Inc. | 1,028 | 89,672 |
Mondelez International, Inc., Class A | 5,911 | 431,148 |
Tyson Foods, Inc., Class A | 1,173 | 59,870 |
1,419,156 | ||
Paper & Plastic Packaging Products & Materials - 0.2% | ||
Amcor PLC | 6,636 | 66,227 |
Avery Dennison Corp. | 351 | 60,302 |
International Paper Co. | 1,599 | 50,864 |
Packaging Corp. of America | 446 | 58,944 |
Sealed Air Corp. | 764 | 30,560 |
Westrock Co. | 928 | 26,977 |
293,874 | ||
Passenger Airlines - 0.2% | ||
Alaska Air Group, Inc. (a)(b) | 700 | 37,226 |
American Airlines Group, Inc. (a)(b) | 2,697 | 48,384 |
Delta Air Lines, Inc. (a) | 2,886 | 137,200 |
Southwest Airlines Co. | 2,670 | 96,681 |
United Airlines Holdings, Inc. (a) | 1,288 | 70,673 |
390,164 | ||
Personal Care Products - 0.1% | ||
Estee Lauder Cos., Inc., Class A | 1,010 | 198,344 |
Pharmaceuticals - 4.0% | ||
Bristol-Myers Squibb Co. | 9,284 | 593,712 |
Catalent, Inc. (a) | 721 | 31,263 |
Eli Lilly & Co. | 3,431 | 1,609,070 |
Johnson & Johnson | 11,246 | 1,861,438 |
Merck & Company, Inc. | 10,919 | 1,259,943 |
Organon & Co. | 1,206 | 25,097 |
Number of Shares | Fair Value | |
Pfizer, Inc. | 24,599 | $ 902,291 |
Viatris, Inc. | 4,835 | 48,253 |
Zoetis, Inc. | 2,055 | 353,892 |
6,684,959 | ||
Property & Casualty Insurance - 0.8% | ||
Allstate Corp. (b) | 1,181 | 128,776 |
Arch Capital Group Ltd. (a)(b) | 1,700 | 127,245 |
Chubb Ltd. | 1,751 | 337,173 |
Cincinnati Financial Corp. | 723 | 70,362 |
Loews Corp. | 746 | 44,297 |
Progressive Corp. | 2,534 | 335,426 |
Travelers Cos., Inc. | 1,045 | 181,475 |
W R Berkley Corp. | 808 | 48,124 |
1,272,878 | ||
Publishing - 0.0%* | ||
News Corp., Class A | 2,096 | 40,872 |
News Corp., Class B | 748 | 14,751 |
55,623 | ||
Rail Transportation - 0.6% | ||
CSX Corp. | 8,778 | 299,330 |
Norfolk Southern Corp. | 974 | 220,864 |
Union Pacific Corp. | 2,698 | 552,065 |
1,072,259 | ||
Real Estate Services - 0.1% | ||
CBRE Group, Inc., Class A (a) | 1,320 | 106,537 |
Regional Banks - 0.3% | ||
Citizens Financial Group, Inc. | 2,100 | 54,768 |
Comerica, Inc. | 648 | 27,449 |
Fifth Third Bancorp | 3,184 | 83,452 |
Huntington Bancshares, Inc. | 6,287 | 67,774 |
M&T Bank Corp. | 705 | 87,251 |
Regions Financial Corp. | 3,805 | 67,805 |
Truist Financial Corp. | 5,722 | 173,663 |
Zions Bancorp NA | 700 | 18,802 |
580,964 | ||
Reinsurance - 0.0%* | ||
Everest Re Group Ltd. | 152 | 51,963 |
Research & Consulting Services - 0.3% | ||
CoStar Group, Inc. (a) | 1,800 | 160,200 |
Equifax, Inc. | 508 | 119,532 |
Jacobs Solutions, Inc. | 548 | 65,152 |
Leidos Holdings, Inc. | 645 | 57,069 |
State Street S&P 500 Index V.I.S. Fund | 11 |
Number of Shares | Fair Value | |
Verisk Analytics, Inc. | 654 | $ 147,824 |
549,777 | ||
Restaurants - 1.2% | ||
Chipotle Mexican Grill, Inc. (a) | 122 | 260,958 |
Darden Restaurants, Inc. | 493 | 82,370 |
Domino's Pizza, Inc. | 137 | 46,168 |
McDonald's Corp. | 3,180 | 948,944 |
Starbucks Corp. | 4,955 | 490,842 |
Yum! Brands, Inc. | 1,210 | 167,646 |
1,996,928 | ||
Retail REITs - 0.3% | ||
Federal Realty Investment Trust | 394 | 38,127 |
Kimco Realty Corp. | 2,766 | 54,546 |
Realty Income Corp. | 2,675 | 159,938 |
Regency Centers Corp. | 620 | 38,297 |
Simon Property Group, Inc. | 1,397 | 161,326 |
452,234 | ||
Self Storage REITs - 0.2% | ||
Extra Space Storage, Inc. | 565 | 84,100 |
Public Storage | 672 | 196,144 |
280,244 | ||
Semiconductor Materials & Equipment - 0.9% | ||
Applied Materials, Inc. | 3,648 | 527,282 |
Enphase Energy, Inc. (a) | 600 | 100,488 |
KLA Corp. | 617 | 299,257 |
Lam Research Corp. | 590 | 379,287 |
SolarEdge Technologies, Inc. (a) | 226 | 60,805 |
Teradyne, Inc. | 677 | 75,371 |
1,442,490 | ||
Semiconductors - 6.3% | ||
Advanced Micro Devices, Inc. (a)(b) | 6,992 | 796,459 |
Analog Devices, Inc. | 2,242 | 436,764 |
Broadcom, Inc. | 1,814 | 1,573,518 |
First Solar, Inc. (a) | 400 | 76,036 |
Intel Corp. | 17,808 | 595,499 |
Microchip Technology, Inc. | 2,345 | 210,089 |
Micron Technology, Inc. | 4,849 | 306,020 |
Monolithic Power Systems, Inc. | 206 | 111,287 |
NVIDIA Corp. | 10,733 | 4,540,274 |
NXP Semiconductors NV | 1,156 | 236,610 |
Number of Shares | Fair Value | |
ON Semiconductor Corp. (a) | 1,939 | $ 183,391 |
Qorvo, Inc. (a) | 376 | 38,363 |
QUALCOMM, Inc. | 4,908 | 584,248 |
Skyworks Solutions, Inc. | 636 | 70,399 |
Texas Instruments, Inc. | 3,938 | 708,919 |
10,467,876 | ||
Single-Family Residential REITs - 0.1% | ||
Invitation Homes, Inc. | 2,500 | 86,000 |
Soft Drinks & Non-alcoholic Beverages - 1.5% | ||
Coca-Cola Co. | 16,849 | 1,014,647 |
Keurig Dr Pepper, Inc. | 3,813 | 119,232 |
Monster Beverage Corp. (a) | 3,174 | 182,315 |
PepsiCo, Inc. | 5,992 | 1,109,838 |
2,426,032 | ||
Specialty Chemicals - 0.6% | ||
Albemarle Corp. (b) | 541 | 120,692 |
Celanese Corp. | 373 | 43,193 |
DuPont de Nemours, Inc. | 2,059 | 147,095 |
Eastman Chemical Co. | 541 | 45,293 |
Ecolab, Inc. | 1,047 | 195,464 |
International Flavors & Fragrances, Inc. | 1,159 | 92,245 |
PPG Industries, Inc. | 988 | 146,520 |
Sherwin-Williams Co. | 1,010 | 268,175 |
1,058,677 | ||
Steel - 0.2% | ||
Nucor Corp. | 1,147 | 188,085 |
Steel Dynamics, Inc. | 700 | 76,251 |
264,336 | ||
Systems Software - 7.7% | ||
Fortinet, Inc. (a) | 2,735 | 206,739 |
Gen Digital, Inc. | 2,772 | 51,421 |
Microsoft Corp. | 32,312 | 11,003,528 |
Oracle Corp. | 6,658 | 792,901 |
Palo Alto Networks, Inc. (a) | 1,200 | 306,612 |
ServiceNow, Inc. (a) | 890 | 500,153 |
12,861,354 | ||
Technology Distributors - 0.1% | ||
CDW Corp. | 600 | 110,100 |
Technology Hardware, Storage & Peripherals - 7.7% | ||
Apple, Inc. | 64,344 | 12,480,806 |
Contra Abiomed, Inc. (a)(b) | 199 | 203 |
12 | State Street S&P 500 Index V.I.S. Fund |
Number of Shares | Fair Value | |
Hewlett Packard Enterprise Co. | 5,833 | $ 97,994 |
HP, Inc. | 3,529 | 108,376 |
NetApp, Inc. | 938 | 71,663 |
Seagate Technology Holdings PLC | 715 | 44,237 |
Western Digital Corp. (a) | 1,358 | 51,509 |
12,854,788 | ||
Telecom Tower REITs - 0.4% | ||
American Tower Corp. | 2,020 | 391,759 |
Crown Castle, Inc. | 1,858 | 211,700 |
SBA Communications Corp. | 455 | 105,451 |
708,910 | ||
Timber REITs - 0.1% | ||
Weyerhaeuser Co. | 3,043 | 101,971 |
Tobacco - 0.6% | ||
Altria Group, Inc. | 7,696 | 348,629 |
Philip Morris International, Inc. | 6,715 | 655,518 |
1,004,147 | ||
Trading Companies & Distributors - 0.3% | ||
Fastenal Co. | 2,371 | 139,865 |
United Rentals, Inc. | 312 | 138,956 |
WW Grainger, Inc. | 207 | 163,238 |
442,059 | ||
Transaction & Payment Processing Services - 2.5% | ||
Fidelity National Information Services, Inc. | 2,647 | 144,791 |
Number of Shares | Fair Value | |
Fiserv, Inc. (a) | 2,733 | $ 344,768 |
FleetCor Technologies, Inc. (a) | 323 | 81,099 |
Global Payments, Inc. | 1,129 | 111,229 |
Jack Henry & Associates, Inc. | 349 | 58,398 |
Mastercard, Inc., Class A | 3,675 | 1,445,377 |
PayPal Holdings, Inc. (a) | 4,894 | 326,577 |
Visa, Inc., Class A | 7,081 | 1,681,596 |
4,193,835 | ||
Water Utilities - 0.1% | ||
American Water Works Co., Inc. | 817 | 116,627 |
Wireless Telecommunication Services - 0.2% | ||
T-Mobile US Inc. (a) | 2,583 | 358,779 |
Total Common Stock (Cost $45,647,997) | 161,737,504 | |
Short-Term Investments - 3.1% | ||
State Street Institutional Liquid Reserves Fund - Premier Class 5.19% (b)(d)(e) (Cost $5,167,813) | 5,166,793 | 5,167,827 |
Total Investments (Cost $50,815,810) | 166,905,331 | |
Other Assets and Liabilities, net - 0.2% | 302,095 | |
NET ASSETS - 100.0% | $ 167,207,426 |
The Fund had the following long futures contracts open at June 30, 2023: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
S&P 500 E-mini Index Futures | September 2023 | 25 | $ 5,425,748 | $ 5,610,252 | $ 184,504 |
State Street S&P 500 Index V.I.S. Fund | 13 |
(a) | Non-income producing security. |
(b) | At June 30, 2023, all or a portion of this security was pledged to cover collateral requirements for futures. |
(c) | 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. |
(d) | 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. |
(e) | Coupon amount represents effective yield. |
† | Percentages are based on net assets as of June 30, 2023. |
* | Less than 0.05%. |
Abbreviations: |
REIT - Real Estate Investment Trust |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Common Stock | $ 161,737,301 | $ 203 | $ — | $ 161,737,504 | |||
Short-Term Investments | 5,167,827 | — | — | 5,167,827 | |||
Total Investments in Securities | $ 166,905,128 | $ 203 | $ — | $ 166,905,331 | |||
Other Financial Instruments | |||||||
Long Futures Contracts - Unrealized Appreciation | $ 184,504 | $ — | $ — | $ 184,504 | |||
Total Other Financial Instruments | $ 184,504 | $ — | $ — | $ 184,504 |
Affiliate Table |
Number of Shares Held at 12/31/22 | Value at 12/31/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/23 | Value at 6/30/23 | Dividend Income | ||||||
State Street Corp. | 1,635 | $ 126,827 | $ — | $ 12,368 | $(1,415) | $(5,616) | 1,468 | $ 107,428 | $ 1,850 | |||||
State Street Institutional Liquid Reserves Fund, Premier Class | 3,444,537 | 3,445,226 | 10,535,833 | 8,813,576 | (9) | 353 | 5,166,793 | 5,167,827 | 64,421 | |||||
TOTAL | $3,572,053 | $10,535,833 | $8,825,944 | $(1,424) | $(5,263) | $5,275,255 | $66,271 |
14 | State Street S&P 500 Index V.I.S. Fund |
6/30/23 (a) | 12/31/22 | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | ||||||
Inception date | 4/15/85 | ||||||||||
Net asset value, beginning of period | $ 40.12 | $ 57.58 | $ 49.96 | $ 46.61 | $ 38.13 | $ 44.09 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income(b) | 0.31 | 0.65 | 0.60 | 0.72 | 0.75 | 0.74 | |||||
Net realized and unrealized gains/(losses) on investments | 6.39 | (11.22) | 13.56 | 7.61 | 11.09 | (2.86) | |||||
Total income/(loss) from investment operations | 6.70 | (10.57) | 14.16 | 8.33 | 11.84 | (2.12) | |||||
Less distributions from: | |||||||||||
Net investment income | — | (0.68) | (0.66) | (0.88) | (0.62) | (0.80) | |||||
Net realized gains | — | (6.21) | (5.88) | (4.10) | (2.74) | (3.04) | |||||
Total distributions | — | (6.89) | (6.54) | (4.98) | (3.36) | (3.84) | |||||
Net asset value, end of period | $ 46.82 | $ 40.12 | $ 57.58 | $ 49.96 | $ 46.61 | $ 38.13 | |||||
Total Return(c) | 16.70% | (18.31)% | 28.27% | 17.92% | 31.05% | (4.73)% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $167,207 | $146,235 | $208,535 | $184,164 | $186,771 | $160,902 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 0.32% (d) | 0.32% | 0.31% | 0.31% | 0.34% | 0.33% | |||||
Gross expenses | 0.32% (d) | 0.32% | 0.31% | 0.31% | 0.34% | 0.33% | |||||
Net investment income | 1.44% (d) | 1.29% | 1.06% | 1.54% | 1.67% | 1.62% | |||||
Portfolio turnover rate | 0% (e) | 5% | 2% | 3% | 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. |
(e) | Rounds to less than 0.50% |
Financial Highlights | 15 |
Assets | |
Investments in securities, at fair value (cost $45,579,865) | $ 161,630,076 |
Investments in affiliated securities, at fair value (cost $68,132) | 107,428 |
Short-term affiliated investments, at fair value (cost $5,167,813) | 5,167,827 |
Cash | 912 |
Net cash collateral on deposit with broker for future contracts | 189,063 |
Income receivables | 127,026 |
Receivable for fund shares sold | 3,344 |
Receivable for accumulated variation margin on futures contracts | 184,564 |
Total assets | 167,410,240 |
Liabilities | |
Payable for investments purchased | 27,616 |
Payable for fund shares redeemed | 64,078 |
Payable to the Adviser | 33,776 |
Payable for custody, fund accounting and sub-administration fees | 15,664 |
Accrued other expenses | 61,680 |
Total liabilities | 202,814 |
Net Assets | $ 167,207,426 |
Net Assets Consist of: | |
Capital paid in | $ 46,821,174 |
Total distributable earnings (loss) | 120,386,252 |
Net Assets | $ 167,207,426 |
Shares outstanding ($0.01 par value; unlimited shares authorized) | 3,571,057 |
Net asset value per share | $ 46.82 |
16 | Statement of Assets and Liabilities |
Investment Income | |
Income | |
Dividend | $ 1,272,187 |
Income from affiliated investments | 66,271 |
Less: Foreign taxes withheld | (352) |
Total income | 1,338,106 |
Expenses | |
Advisory and administration fees | 189,604 |
Directors' fees | 11,670 |
Custody, fund accounting and sub-administration fees | 17,534 |
Professional fees | 13,309 |
Printing and shareholder reports | 8,809 |
Other expenses | 5,108 |
Total expenses | 246,034 |
Net investment income | $ 1,092,072 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ 74,735 |
Affiliated investments | (1,424) |
Futures | 397,701 |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | 22,245,483 |
Affiliated investments | (5,263) |
Futures | 221,114 |
Net realized and unrealized gain (loss) on investments | 22,932,346 |
Net Increase in Net Assets Resulting from Operations | $ 24,024,418 |
Statement of Operations | 17 |
Six Months Ended June 30, 2023(a) | Year Ended December 31, 2022 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income | $ 1,092,072 | $ 2,178,121 | |
Net realized gain (loss) on investments and futures | 471,012 | 22,703,164 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments and futures | 22,461,334 | (61,761,294) | |
Net increase (decrease) from operations | 24,024,418 | (36,880,009) | |
Distributions to shareholders: | |||
Total distributions | — | (21,459,700) | |
Increase (decrease) in assets from operations and distributions | 24,024,418 | (58,339,709) | |
Share transactions: | |||
Proceeds from sale of shares | 7,450,584 | 8,996,904 | |
Value of distributions reinvested | — | 21,459,700 | |
Cost of shares redeemed | (10,502,649) | (34,416,637) | |
Net increase (decrease) from share transactions | (3,052,065) | (3,960,033) | |
Total increase (decrease) in net assets | 20,972,353 | (62,299,742) | |
Net Assets | |||
Beginning of period | 146,235,073 | 208,534,815 | |
End of period | $ 167,207,426 | $ 146,235,073 | |
Changes in Fund Shares | |||
Shares sold | 173,305 | 167,535 | |
Issued for distributions reinvested | — | 536,358 | |
Shares redeemed | (246,930) | (680,840) | |
Net increase (decrease) in fund shares | (73,625) | 23,053 |
(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 | $ — | $ — | $ — | $ 184,564 | $ — | $ 184,564 |
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 | $ — | $ — | $ — | $ 397,701 | $ — | $ 397,701 |
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 | $ — | $ — | $ — | $ 221,114 | $ — | $ 221,114 |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 737,673 | $ 3,873,060 |
22 | Notes to Financial Statements |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 53,741,131 | $ 118,293,699 | $ 4,944,995 | $ 113,348,704 |
Notes to Financial Statements | 23 |
24 | Other Information |
Other Information | 25 |
• | 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, 2022, to the performance of an appropriate benchmark provided by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Benchmark”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”) constructed by Broadridge; |
○ | 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”); |
26 | Other Information |
• | 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 5, 2023 and May 10-11, 2023 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, 2022; 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, 2022; |
○ | 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 10-11, 2023; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
Other Information | 27 |
28 | Other Information |
Other Information | 29 |
State Street Small-Cap Equity V.I.S. Fund |
Page | |
1 | |
4 | |
Financial Statements | |
11 | |
12 | |
13 | |
14 | |
15 | |
21 |
State Street Small-Cap Equity V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $26,041 (in thousands) as of June 30, 2023 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2023 (as a % of Fair Value) (a)(b) | |
MGP Ingredients, Inc. | 1.51% |
Darling Ingredients, Inc. | 1.49% |
Dycom Industries, Inc. | 1.45% |
RB Global, Inc. | 1.45% |
Ingevity Corp. | 1.41% |
Murphy USA, Inc. | 1.20% |
U.S. Physical Therapy, Inc. | 1.18% |
MSA Safety, Inc. | 1.12% |
Enerpac Tool Group Corp. | 1.09% |
Pure Storage, Inc., Class A | 1.08% |
(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, 2023 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2023 | $1,079.00 | $1,018.20 | |
Expenses Paid During Period* | $ 6.80 | $ 6.61 |
* | Expenses are equal to the Fund's annualized expense ratio of 1.32% (for the period January 1, 2023 - June 30, 2023), 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 - 94.8% † | ||
Aerospace & Defense - 0.3% | ||
Woodward, Inc. | 617 | $ 73,368 |
Agricultural & Farm Machinery - 0.9% | ||
AGCO Corp. | 1,801 | 236,687 |
Agricultural Products & Services - 1.5% | ||
Darling Ingredients, Inc. (a) | 6,093 | 388,673 |
Apparel Retail - 1.3% | ||
American Eagle Outfitters, Inc. (b) | 2,768 | 32,662 |
Boot Barn Holdings, Inc. (a) | 2,498 | 211,556 |
Buckle, Inc. | 2,137 | 73,940 |
Revolve Group, Inc. (a) | 1,489 | 24,420 |
342,578 | ||
Application Software - 5.7% | ||
ACI Worldwide, Inc. (a)(b) | 4,000 | 92,680 |
Altair Engineering, Inc., Class A (a) | 1,258 | 95,407 |
Asana, Inc., Class A (a) | 3,620 | 79,785 |
Blackbaud, Inc. (a) | 2,120 | 150,902 |
Blackline, Inc. (a) | 664 | 35,736 |
Box, Inc., Class A (a) | 4,690 | 137,792 |
CCC Intelligent Solutions Holdings, Inc. (a) | 5,987 | 67,114 |
Freshworks, Inc., Class A Revenue (a) | 7,390 | 129,916 |
New Relic, Inc. (a) | 2,600 | 170,144 |
Nutanix, Inc., Class A (a) | 3,780 | 106,029 |
Q2 Holdings, Inc. (a) | 2,300 | 71,070 |
Smartsheet, Inc., Class A (a) | 2,800 | 107,128 |
Vertex, Inc., Class A (a) | 3,687 | 71,897 |
Workiva, Inc. (a) | 1,500 | 152,490 |
1,468,090 | ||
Automobile Manufacturers - 0.7% | ||
Thor Industries, Inc. | 1,855 | 191,993 |
Automotive Parts & Equipment - 1.3% | ||
Dana, Inc. | 3,273 | 55,641 |
Dorman Products, Inc. (a) | 2,645 | 208,505 |
LCI Industries | 167 | 21,102 |
Modine Manufacturing Co. (a) | 1,432 | 47,285 |
332,533 | ||
Automotive Retail - 1.9% | ||
America's Car-Mart, Inc. (a)(b) | 375 | 37,418 |
Number of Shares | Fair Value | |
Group 1 Automotive, Inc. | 394 | $ 101,691 |
Monro, Inc. | 1,012 | 41,118 |
Murphy USA, Inc. | 1,003 | 312,043 |
492,270 | ||
Biotechnology - 0.9% | ||
Abcam PLC ADR (a) | 830 | 20,310 |
Avid Bioservices, Inc. (a) | 3,696 | 51,633 |
Catalyst Pharmaceuticals, Inc. (a) | 1,707 | 22,942 |
Emergent BioSolutions, Inc. (a) | 1,731 | 12,723 |
Halozyme Therapeutics, Inc. (a) | 1,029 | 37,116 |
Heron Therapeutics, Inc. (a) | 14,259 | 16,541 |
Veracyte, Inc. (a) | 2,510 | 63,930 |
225,195 | ||
Brewers - 0.8% | ||
Boston Beer Co., Inc., Class A (a) | 696 | 214,674 |
Broadline Retail - 0.2% | ||
Ollie's Bargain Outlet Holdings, Inc. (a) | 950 | 55,034 |
Building Products - 2.9% | ||
Armstrong World Industries, Inc. | 2,769 | 203,411 |
AZZ, Inc. | 525 | 22,817 |
CSW Industrials, Inc. | 860 | 142,923 |
Gibraltar Industries, Inc. (a) | 2,816 | 177,183 |
Hayward Holdings, Inc. (a) | 4,600 | 59,110 |
Insteel Industries, Inc. | 1,639 | 51,006 |
Simpson Manufacturing Co., Inc. | 391 | 54,153 |
UFP Industries, Inc. | 466 | 45,225 |
755,828 | ||
Cargo Ground Transportation - 0.7% | ||
Saia, Inc. (a) | 559 | 191,407 |
Commodity Chemicals - 0.2% | ||
Hawkins, Inc. | 1,039 | 49,550 |
Communications Equipment - 0.1% | ||
Cambium Networks Corp. (a) | 1,221 | 18,584 |
Computer & Electronics Retail - 0.1% | ||
Upbound Group, Inc. | 707 | 22,009 |
4 | State Street Small-Cap Equity V.I.S. Fund |
Number of Shares | Fair Value | |
Construction & Engineering - 1.8% | ||
Dycom Industries, Inc. (a) | 3,326 | $ 378,000 |
IES Holdings, Inc. (a) | 467 | 26,563 |
Valmont Industries, Inc. | 189 | 55,008 |
459,571 | ||
Construction Machinery & Heavy Transportation Equipment - 0.6% | ||
Alamo Group, Inc. | 459 | 84,415 |
Astec Industries, Inc. | 455 | 20,675 |
Wabash National Corp. | 2,408 | 61,741 |
166,831 | ||
Construction Materials - 0.2% | ||
Eagle Materials, Inc. | 238 | 44,368 |
Consumer Finance - 0.3% | ||
PROG Holdings, Inc. (a) | 2,516 | 80,814 |
Data Processing & Outsourced Services - 0.8% | ||
CSG Systems International, Inc. | 1,932 | 101,894 |
Verra Mobility Corp. (a) | 5,995 | 118,221 |
220,115 | ||
Distillers & Vintners - 1.5% | ||
MGP Ingredients, Inc. | 3,695 | 392,705 |
Distributors - 0.8% | ||
LKQ Corp. | 3,377 | 196,778 |
Diversified Metals & Mining - 0.3% | ||
Compass Minerals International, Inc. | 1,110 | 37,740 |
Materion Corp. | 269 | 30,720 |
68,460 | ||
Diversified REITs - 0.3% | ||
Alpine Income Property Trust, Inc. (b) | 1,721 | 27,966 |
American Assets Trust, Inc. (b) | 1,209 | 23,213 |
Essential Properties Realty Trust, Inc. | 799 | 18,809 |
69,988 | ||
Diversified Support Services - 2.2% | ||
Healthcare Services Group, Inc. | 4,017 | 59,974 |
Number of Shares | Fair Value | |
Matthews International Corp., Class A | 2,392 | $ 101,947 |
RB Global, Inc. | 6,277 | 376,620 |
UniFirst Corp. | 160 | 24,801 |
563,342 | ||
Education Services - 0.5% | ||
Bright Horizons Family Solutions, Inc. (a) | 447 | 41,325 |
Stride, Inc. (a) | 2,381 | 88,645 |
129,970 | ||
Electric Utilities - 1.0% | ||
ALLETE, Inc. (b) | 559 | 32,405 |
IDACORP, Inc. | 2,157 | 221,308 |
253,713 | ||
Electrical Components & Equipment - 0.8% | ||
Acuity Brands, Inc. (b) | 144 | 23,484 |
Atkore, Inc. (a) | 359 | 55,982 |
Generac Holdings, Inc. (a) | 920 | 137,200 |
216,666 | ||
Electronic Components - 1.7% | ||
Belden, Inc. | 2,436 | 233,003 |
Coherent Corp. (a) | 523 | 26,663 |
Littelfuse, Inc. | 585 | 170,416 |
430,082 | ||
Electronic Equipment & Instruments - 0.9% | ||
Novanta, Inc. (a) | 680 | 125,188 |
Vontier Corp. | 3,459 | 111,414 |
236,602 | ||
Electronic Manufacturing Services - 0.1% | ||
Plexus Corp. (a) | 308 | 30,258 |
Environmental & Facilities Services - 0.3% | ||
Montrose Environmental Group, Inc. (a) | 1,880 | 79,186 |
Food Distributors - 0.5% | ||
Performance Food Group Co. (a) | 2,179 | 131,263 |
Footwear - 0.2% | ||
Deckers Outdoor Corp. (a) | 84 | 44,323 |
Steven Madden Ltd. | 627 | 20,497 |
64,820 |
State Street Small-Cap Equity V.I.S. Fund | 5 |
Number of Shares | Fair Value | |
Forest Products - 0.3% | ||
Louisiana-Pacific Corp. | 1,029 | $ 77,154 |
Gas Utilities - 0.1% | ||
UGI Corp. | 516 | 13,917 |
Health Care REITs - 0.4% | ||
Community Healthcare Trust, Inc. | 2,784 | 91,928 |
Healthcare Distributors - 0.3% | ||
AdaptHealth Corp. (a)(b) | 6,367 | 77,486 |
Healthcare Equipment - 5.6% | ||
AtriCure, Inc. (a) | 2,350 | 115,996 |
Axonics, Inc. (a) | 2,250 | 113,558 |
CONMED Corp. | 1,220 | 165,786 |
Envista Holdings Corp. (a) | 1,460 | 49,406 |
Globus Medical, Inc., Class A (a) | 2,190 | 130,393 |
Inspire Medical Systems, Inc. (a) | 740 | 240,234 |
Integra LifeSciences Holdings Corp. (a) | 3,170 | 130,382 |
LeMaitre Vascular, Inc. | 697 | 46,894 |
Omnicell, Inc. (a) | 1,310 | 96,508 |
Outset Medical, Inc. (a) | 2,520 | 55,112 |
Penumbra, Inc. (a) | 690 | 237,401 |
SI-BONE, Inc. (a) | 1,135 | 30,622 |
Tandem Diabetes Care, Inc. (a) | 2,110 | 51,779 |
1,464,071 | ||
Healthcare Facilities - 1.9% | ||
Acadia Healthcare Co., Inc. (a) | 2,263 | 180,225 |
U.S. Physical Therapy, Inc. | 2,523 | 306,267 |
486,492 | ||
Healthcare Services - 0.5% | ||
Addus HomeCare Corp. (a)(b) | 471 | 43,662 |
AMN Healthcare Services, Inc. (a) | 224 | 24,443 |
Castle Biosciences, Inc. (a) | 2,052 | 28,153 |
Pediatrix Medical Group, Inc. (a) | 2,722 | 38,680 |
134,938 | ||
Healthcare Supplies - 0.5% | ||
ICU Medical, Inc. (a) | 120 | 21,383 |
Number of Shares | Fair Value | |
Neogen Corp. (a) | 5,260 | $ 114,405 |
135,788 | ||
Healthcare Technology - 0.4% | ||
Definitive Healthcare Corp. (a) | 2,180 | 23,980 |
NextGen Healthcare, Inc. (a) | 2,375 | 38,522 |
Simulations Plus, Inc. | 742 | 32,151 |
94,653 | ||
Home Building - 0.9% | ||
Cavco Industries, Inc. (a) | 108 | 31,860 |
Green Brick Partners, Inc. (a) | 326 | 18,517 |
Taylor Morrison Home Corp. (a) | 2,451 | 119,535 |
TopBuild Corp. (a) | 219 | 58,258 |
228,170 | ||
Home Furnishing Retail - 0.3% | ||
Aaron's Co., Inc. (b) | 4,256 | 60,180 |
Overstock.com, Inc. (a) | 776 | 25,274 |
85,454 | ||
Hotel & Resort REITs - 0.5% | ||
RLJ Lodging Trust | 9,634 | 98,941 |
Sunstone Hotel Investors, Inc. | 4,235 | 42,858 |
141,799 | ||
Household Products - 0.3% | ||
Central Garden & Pet Co., Class A (a) | 2,250 | 82,035 |
Industrial Machinery & Supplies & Components - 7.0% | ||
Albany International Corp., Class A (b) | 870 | 81,154 |
Barnes Group, Inc. | 4,105 | 173,190 |
Chart Industries, Inc. (a) | 319 | 50,973 |
Enerpac Tool Group Corp. | 10,463 | 282,501 |
ESCO Technologies, Inc. | 1,540 | 159,590 |
Helios Technologies, Inc. | 679 | 44,875 |
Hillenbrand, Inc. | 729 | 37,383 |
John Bean Technologies Corp. | 1,980 | 240,174 |
Mueller Industries, Inc. | 1,873 | 163,475 |
RBC Bearings, Inc. (a) | 670 | 145,705 |
Standex International Corp. | 740 | 104,688 |
Timken Co. | 2,928 | 268,000 |
Xylem, Inc. | 696 | 78,384 |
1,830,092 |
6 | State Street Small-Cap Equity V.I.S. Fund |
Number of Shares | Fair Value | |
Industrial REITs - 0.8% | ||
EastGroup Properties, Inc. | 1,164 | $ 202,070 |
Insurance Brokers - 0.4% | ||
BRP Group, Inc., Class A (a) | 4,500 | 111,510 |
Investment Banking & Brokerage - 1.1% | ||
Piper Sandler Cos., | 404 | 52,221 |
Raymond James Financial, Inc. | 1,575 | 163,438 |
Stifel Financial Corp. | 1,105 | 65,935 |
281,594 | ||
IT Consulting & Other Services - 0.2% | ||
Perficient, Inc. (a) | 267 | 22,249 |
Unisys Corp. (a) | 6,339 | 25,229 |
47,478 | ||
Leisure Facilities - 0.3% | ||
Planet Fitness, Inc., Class A (a) | 1,260 | 84,974 |
Leisure Products - 1.7% | ||
Johnson Outdoors, Inc., Class A | 301 | 18,496 |
Malibu Boats, Inc., Class A (a) | 2,974 | 174,455 |
Polaris, Inc. | 2,113 | 255,525 |
448,476 | ||
Life & Health Insurance - 0.1% | ||
American Equity Investment Life Holding Co. (b) | 472 | 24,596 |
Life Sciences Tools & Services - 2.4% | ||
Azenta, Inc. (a) | 1,970 | 91,960 |
BioLife Solutions, Inc. (a) | 3,818 | 84,378 |
Bruker Corp. | 2,095 | 154,862 |
ICON PLC ADR (a) | 359 | 89,822 |
Mesa Laboratories, Inc. | 309 | 39,706 |
Repligen Corp. (a) | 921 | 130,285 |
Syneos Health, Inc. (a) | 510 | 21,491 |
612,504 | ||
Marine Transportation - 0.2% | ||
Kirby Corp. (a) | 627 | 48,248 |
Metal, Glass & Plastic Containers - 0.3% | ||
TriMas Corp. | 3,035 | 83,432 |
Number of Shares | Fair Value | |
Multi-Family Residential REITs - 0.2% | ||
NexPoint Residential Trust, Inc. | 999 | $ 45,435 |
Multi-Line Insurance - 0.2% | ||
Horace Mann Educators Corp. | 1,781 | 52,824 |
Multi-Utilities - 0.1% | ||
Avista Corp. | 833 | 32,712 |
Office REITs - 0.7% | ||
Corporate Office Properties Trust | 1,043 | 24,771 |
Cousins Properties, Inc. | 3,692 | 84,178 |
Easterly Government Properties, Inc. | 5,520 | 80,040 |
188,989 | ||
Office Services & Supplies - 1.1% | ||
MSA Safety, Inc. | 1,676 | 291,557 |
Oil & Gas Drilling - 0.0%* | ||
Helmerich & Payne, Inc. | 260 | 9,217 |
Oil & Gas Equipment & Services - 0.6% | ||
ChampionX Corp. | 1,691 | 52,488 |
Oil States International, Inc. (a) | 15,476 | 115,606 |
168,094 | ||
Oil & Gas Exploration & Production - 1.9% | ||
Civitas Resources, Inc. | 770 | 53,415 |
Northern Oil & Gas, Inc. | 2,366 | 81,201 |
PDC Energy, Inc. | 2,259 | 160,706 |
SM Energy Co. | 4,546 | 143,790 |
Southwestern Energy Co. (a) | 8,221 | 49,408 |
488,520 | ||
Other Specialty Retail - 0.5% | ||
Leslie's, Inc. (a) | 6,590 | 61,880 |
Sally Beauty Holdings, Inc. (a) | 5,400 | 66,690 |
128,570 | ||
Packaged Foods & Meats - 3.3% | ||
Calavo Growers, Inc. | 1,380 | 40,048 |
Fresh Market, Inc. (a)(c) | 10,000 | — |
Freshpet, Inc. (a) | 1,450 | 95,425 |
Hostess Brands, Inc. (a) | 5,140 | 130,145 |
J & J Snack Foods Corp. | 650 | 102,934 |
State Street Small-Cap Equity V.I.S. Fund | 7 |
Number of Shares | Fair Value | |
Lancaster Colony Corp. | 850 | $ 170,926 |
Simply Good Foods Co. (a) | 3,260 | 119,283 |
Sovos Brands, Inc. (a) | 4,100 | 80,196 |
Utz Brands, Inc. | 7,690 | 125,808 |
864,765 | ||
Paper & Plastic Packaging Products & Materials - 0.1% | ||
Ranpak Holdings Corp. (a) | 3,908 | 17,664 |
Personal Care Products - 0.2% | ||
BellRing Brands, Inc. (a) | 1,224 | 44,798 |
Pharmaceuticals - 0.3% | ||
ANI Pharmaceuticals, Inc. (a) | 1,149 | 61,851 |
Organon & Co. | 435 | 9,052 |
Phathom Pharmaceuticals, Inc. (a) | 590 | 8,449 |
79,352 | ||
Property & Casualty Insurance - 2.0% | ||
AMERISAFE, Inc. | 1,748 | 93,203 |
Argo Group International Holdings Ltd. (b) | 1,762 | 52,173 |
James River Group Holdings Ltd. | 2,480 | 45,285 |
Palomar Holdings, Inc. (a) | 1,230 | 71,389 |
RLI Corp. | 801 | 109,312 |
Selective Insurance Group, Inc. | 1,470 | 141,047 |
Trupanion, Inc. (a) | 650 | 12,792 |
525,201 | ||
Publishing - 0.8% | ||
John Wiley & Sons, Inc., Class A | 5,913 | 201,219 |
Regional Banks - 7.6% | ||
1st Source Corp. (b) | 1,202 | 50,400 |
Banc of California, Inc. | 2,770 | 32,077 |
BancFirst Corp. | 710 | 65,320 |
Bank OZK | 1,738 | 69,798 |
BankUnited, Inc. | 1,019 | 21,959 |
Banner Corp. | 369 | 16,114 |
Cadence Bank (b) | 968 | 19,012 |
Community Bank System, Inc. | 1,320 | 61,882 |
Cullen/Frost Bankers, Inc. | 925 | 99,465 |
Enterprise Financial Services Corp. | 864 | 33,782 |
Number of Shares | Fair Value | |
First Financial Bankshares, Inc. | 2,630 | $ 74,929 |
Fulton Financial Corp. | 5,219 | 62,211 |
German American Bancorp, Inc. | 1,940 | 52,729 |
Heritage Commerce Corp. | 5,455 | 45,167 |
Home BancShares, Inc. | 2,928 | 66,758 |
HomeStreet, Inc. | 1,310 | 7,755 |
Independent Bank Corp. | 2,433 | 108,293 |
Lakeland Financial Corp. | 452 | 21,931 |
Live Oak Bancshares, Inc. | 7,077 | 186,196 |
National Bank Holdings Corp., Class A | 1,461 | 42,427 |
New York Community Bancorp, Inc. | 1,850 | 20,794 |
Origin Bancorp, Inc. | 1,209 | 35,424 |
Peapack-Gladstone Financial Corp. | 952 | 25,780 |
Pinnacle Financial Partners, Inc. | 734 | 41,581 |
Prosperity Bancshares, Inc. | 1,682 | 94,999 |
Renasant Corp. | 3,642 | 95,165 |
ServisFirst Bancshares, Inc. | 1,170 | 47,876 |
SouthState Corp. | 403 | 26,517 |
Stock Yards Bancorp, Inc. | 1,110 | 50,361 |
Texas Capital Bancshares, Inc. (a) | 833 | 42,900 |
United Community Banks, Inc. | 1,001 | 25,015 |
Washington Federal, Inc. | 986 | 26,149 |
Westamerica BanCorp | 1,581 | 60,552 |
Wintrust Financial Corp. | 925 | 67,174 |
WSFS Financial Corp. | 4,358 | 164,384 |
1,962,876 | ||
Research & Consulting Services - 0.3% | ||
Resources Connection, Inc. | 4,864 | 76,413 |
Restaurants - 1.7% | ||
Bloomin' Brands, Inc. | 2,461 | 66,176 |
Cheesecake Factory, Inc. | 1,763 | 60,965 |
Dave & Buster's Entertainment, Inc. (a) | 175 | 7,798 |
Shake Shack, Inc., Class A (a) | 1,680 | 130,570 |
Texas Roadhouse, Inc. | 969 | 108,799 |
Wingstop, Inc. | 320 | 64,051 |
438,359 | ||
Retail REITs - 0.4% | ||
Kite Realty Group Trust | 2,485 | 55,515 |
8 | State Street Small-Cap Equity V.I.S. Fund |
Number of Shares | Fair Value | |
Macerich Co. | 3,239 | $ 36,503 |
92,018 | ||
Security & Alarm Services - 1.0% | ||
Brink's Co. | 3,747 | 254,159 |
Self Storage REITs - 0.1% | ||
National Storage Affiliates Trust | 810 | 28,212 |
Semiconductor Materials & Equipment - 0.7% | ||
Ichor Holdings Ltd. (a) | 1,511 | 56,663 |
Onto Innovation, Inc. (a) | 1,079 | 125,671 |
182,334 | ||
Semiconductors - 0.4% | ||
Diodes, Inc. (a) | 286 | 26,452 |
MaxLinear, Inc. (a) | 585 | 18,463 |
Semtech Corp. (a) | 2,778 | 70,728 |
115,643 | ||
Soft Drinks & Non-alcoholic Beverages - 0.4% | ||
Primo Water Corp. | 8,120 | 101,825 |
Zevia PBC, Class A (a) | 1,640 | 7,068 |
108,893 | ||
Specialized Consumer Services - 0.5% | ||
European Wax Center, Inc., Class A (a) | 3,940 | 73,402 |
OneSpaWorld Holdings Ltd. (a) | 3,945 | 47,735 |
121,137 | ||
Specialty Chemicals - 4.4% | ||
Avient Corp. | 4,129 | 168,876 |
HB Fuller Co. | 388 | 27,746 |
Ingevity Corp. (a) | 6,335 | 368,444 |
Innospec, Inc. | 1,080 | 108,475 |
Quaker Chemical Corp. | 740 | 144,226 |
Sensient Technologies Corp. | 1,470 | 104,561 |
Stepan Co. | 2,405 | 229,822 |
1,152,150 | ||
Steel - 0.7% | ||
Carpenter Technology Corp. | 723 | 40,582 |
Commercial Metals Co. | 1,788 | 94,156 |
Ryerson Holding Corp. | 812 | 35,225 |
169,963 |
Number of Shares | Fair Value | |
Systems Software - 0.5% | ||
Progress Software Corp. | 776 | $ 45,086 |
Tenable Holdings, Inc. (a) | 1,760 | 76,648 |
121,734 | ||
Technology Distributors - 0.1% | ||
Insight Enterprises, Inc. (a) | 215 | 31,463 |
Technology Hardware, Storage & Peripherals - 1.3% | ||
Corsair Gaming, Inc. (a) | 3,341 | 59,269 |
Pure Storage, Inc., Class A (a) | 7,670 | 282,410 |
341,679 | ||
Timber REITs - 0.2% | ||
PotlatchDeltic Corp. | 898 | 47,459 |
Trading Companies & Distributors - 1.4% | ||
Applied Industrial Technologies, Inc. | 1,938 | 280,680 |
Transcat, Inc. (a) | 490 | 41,802 |
WESCO International, Inc. | 245 | 43,870 |
366,352 | ||
Transaction & Payment Processing Services - 0.2% | ||
Shift4 Payments, Inc., Class A (a) | 890 | 60,440 |
Water Utilities - 0.1% | ||
American States Water Co. (b) | 354 | 30,797 |
Total Common Stock (Cost $18,543,083) | 24,623,862 | |
Short-Term Investments - 5.5% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 5.07% (d)(e) (Cost $1,417,477) | 1,417,477 | 1,417,477 |
Total Investments (Cost $19,960,560) | 26,041,339 | |
Liabilities in Excess of Other Assets, net - (0.3)% | (77,954) | |
NET ASSETS - 100.0% | $ 25,963,385 |
State Street Small-Cap Equity V.I.S. Fund | 9 |
The Fund had the following long futures contracts open at June 30, 2023: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
E-mini Russell 2000 Index Futures | September 2023 | 4 | $ 379,384 | $ 380,740 | $ 1,356 |
(a) | Non-income producing security. |
(b) | At June 30, 2023, all or a portion of this security was pledged to cover collateral requirements for futures. |
(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) | 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. |
(e) | Coupon amount represents effective yield. |
† | Percentages are based on net assets as of June 30, 2023. |
* | 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 | $ 24,623,862 | $ — | $ —(a) | $ 24,623,862 | |||
Short-Term Investments | 1,417,477 | — | — | 1,417,477 | |||
Total Investments in Securities | $ 26,041,339 | $ — | $ — | $ 26,041,339 | |||
Other Financial Instruments | |||||||
Long Futures Contracts - Unrealized Appreciation | $ 1,356 | $ — | $ — | $ 1,356 | |||
Total Other Financial Instruments | $ 1,356 | $ — | $ — | $ 1,356 |
(a) | The Fund held a Level 3 security that was valued at $0 at June 30, 2023. |
Affiliate Table |
Number of Shares Held at 12/31/22 | Value at 12/31/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/23 | Value at 6/30/23 | Dividend Income | |
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 1,061,790 | $1,061,790 | $5,279,931 | $4,924,244 | $— | $— | 1,417,477 | $1,417,477 | $30,133 |
10 | State Street Small-Cap Equity V.I.S. Fund |
6/30/23 (a) | 12/31/22 | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | ||||||
Inception date | 4/28/00 | ||||||||||
Net asset value, beginning of period | $ 11.90 | $ 14.93 | $ 14.66 | $ 13.16 | $ 11.24 | $ 14.73 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income (loss)(b) | 0.01 | (0.03) | (0.04) | (0.01) | (0.00) (c) | (0.02) | |||||
Net realized and unrealized gains/(losses) on investments | 0.93 | (2.27) | 3.06 | 1.92 | 2.94 | (1.43) | |||||
Total income/(loss) from investment operations | 0.94 | (2.30) | 3.02 | 1.91 | 2.94 | (1.45) | |||||
Less distributions from: | |||||||||||
Net realized gains | — | (0.73) | (2.75) | (0.41) | (1.02) | (2.04) | |||||
Net asset value, end of period | $ 12.84 | $ 11.90 | $ 14.93 | $ 14.66 | $ 13.16 | $ 11.24 | |||||
Total Return(d) | 7.90% | (15.40)% | 20.53% | 14.53% | 26.12% | (9.70)% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $25,963 | $26,066 | $36,890 | $34,621 | $33,600 | $30,781 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 1.32% (e) | 1.31% | 1.21% | 1.27% | 1.240% | 1.20% | |||||
Gross expenses | 1.32% (e) | 1.31% | 1.21% | 1.27% | 1.24% | 1.20% | |||||
Net investment income (loss) | 0.09% (e) | (0.21)% | (0.22)% | (0.06)% | (0.02)% | (0.13)% | |||||
Portfolio turnover rate | 16% | 29% | 39% | 37% | 29% | 33% |
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. |
Financial Highlights | 11 |
Assets | |
Investments in securities, at fair value (cost $18,543,083) | $ 24,623,862 |
Short-term affiliated investments, at fair value (cost $1,417,477) | 1,417,477 |
Cash | 420 |
Net cash collateral on deposit with broker for future contracts | 27,000 |
Receivable for investments sold | 35,496 |
Income receivables | 13,855 |
Receivable for fund shares sold | 242 |
Income receivable from affiliated investments | 5,712 |
Receivable for accumulated variation margin on futures contracts | 1,365 |
Total assets | 26,125,429 |
Liabilities | |
Payable for investments purchased | 94,508 |
Payable for fund shares redeemed | 4,091 |
Payable to the Adviser | 19,829 |
Payable for custody, fund accounting and sub-administration fees | 12,206 |
Accrued other expenses | 31,410 |
Total liabilities | 162,044 |
Net Assets | $ 25,963,385 |
Net Assets Consist of: | |
Capital paid in | $ 18,962,303 |
Total distributable earnings (loss) | 7,001,082 |
Net Assets | $ 25,963,385 |
Shares outstanding ($0.01 par value; unlimited shares authorized) | 2,022,511 |
Net asset value per share | $ 12.84 |
12 | Statement of Assets and Liabilities |
Investment Income | |
Income | |
Dividend | $ 152,490 |
Income from affiliated investments | 30,133 |
Less: Foreign taxes withheld | (1,454) |
Total income | 181,169 |
Expenses | |
Advisory and administration fees | 122,116 |
Directors' fees | 11,221 |
Custody, fund accounting and sub-administration fees | 14,281 |
Professional fees | 16,950 |
Other expenses | 4,956 |
Total expenses | 169,524 |
Net investment income | $ 11,645 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ 1,098,394 |
Futures | 38,157 |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | 829,250 |
Futures | 1,307 |
Net realized and unrealized gain (loss) on investments | 1,967,108 |
Net Increase in Net Assets Resulting from Operations | $ 1,978,753 |
Statement of Operations | 13 |
Six Months Ended June 30, 2023(a) | Year Ended December 31, 2022 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income (loss) | $ 11,645 | $ (61,338) | |
Net realized gain (loss) on investments and futures | 1,136,551 | 794,429 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments and futures | 830,557 | (6,235,886) | |
Net increase (decrease) from operations | 1,978,753 | (5,502,795) | |
Distributions to shareholders: | |||
Total distributions | — | (1,506,672) | |
Increase (decrease) in assets from operations and distributions | 1,978,753 | (7,009,467) | |
Share transactions: | |||
Proceeds from sale of shares | 76,005 | 209,130 | |
Value of distributions reinvested | — | 1,506,672 | |
Cost of shares redeemed | (2,156,930) | (5,530,725) | |
Net increase (decrease) from share transactions | (2,080,925) | (3,814,923) | |
Total increase (decrease) in net assets | (102,172) | (10,824,390) | |
Net Assets | |||
Beginning of period | 26,065,557 | 36,889,947 | |
End of period | $ 25,963,385 | $ 26,065,557 | |
Changes in Fund Shares | |||
Shares sold | 6,088 | 16,120 | |
Issued for distributions reinvested | — | 126,931 | |
Shares redeemed | (173,504) | (423,590) | |
Net decrease in fund shares | (167,416) | (280,539) |
(a) | Unaudited. |
14 | 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. |
• | 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 | 15 |
• | 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. |
16 | Notes to Financial Statements |
Asset 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 | $ — | $ — | $ — | $ 1,365 | $ — | $ 1,365 |
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 | $ — | $ — | $ — | $ 38,157 | $ — | $ 38,157 |
Notes to Financial Statements | 17 |
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 | $ — | $ — | $ — | $ 1,307 | $ — | $ 1,307 |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 3,952,188 | $ 6,282,918 |
18 | Notes to Financial Statements |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 20,464,521 | $ 7,438,186 | $ 1,860,012 | $ 5,578,174 |
Notes to Financial Statements | 19 |
20 | Notes to Financial Statements |
Other Information | 21 |
22 | 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, 2022, to the performance of an appropriate benchmark provided by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Benchmark”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”) constructed by Broadridge; |
○ | 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; |
Other Information | 23 |
• | 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. |
• | 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 5, 2023 and May 10-11, 2023 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, 2022; 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, 2022; |
○ | 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, 2022; |
○ | 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 10-11, 2023; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
24 | Other Information |
Other Information | 25 |
• | The Board reviewed the contractual investment advisory fee rates payable by the Fund and actual fees paid by the Fund, net of waivers, if any, as well as the fees paid to each of the Sub-Advisers by the Adviser, which reduced the net management fees retained by the Adviser. The Board also reviewed (i) the allocation of the total advisory fees between SSGA FM and each Sub-Adviser, and (ii) the services required of SSGA FM to oversee the Sub-Advisers for those services. As part of its review, the Board considered the Fund’s management fee and total expense ratio, including the portion attributable to administrative services provided by SSGA FM (both before and after giving effect to any expense caps), as compared to its Expense Group and Expense Universe, as constructed by Broadridge, and the related Broadridge analysis for the Fund. The Board also considered the comparability of the fees charged and the services provided to the Fund by the Adviser and Sub-Advisers to the fees charged and services provided to other clients of the Adviser and Sub-Advisers, including institutional accounts, as applicable. The Board also considered that the sub-advisory fees are paid by the Adviser out of its advisory fees it receives from the Fund and are not paid by the Fund. Among other information, the Board considered the following expense information in its evaluation of the Fund: |
• | State Street Small-Cap Equity V.I.S. Fund. The Board considered that the Fund’s actual management fee was above the medians of its Expense Group and Expense Universe. The Board also considered that the Fund’s total expenses were above the medians of its Expense Group and Expense Universe. The Board considered management’s discussion of the Fund’s expenses. |
• | On the basis of the foregoing and other relevant information, and in light of the nature, extent and quality of the services provided by the Adviser and Sub-Advisers, the Board concluded that the fees and the expense ratio of the Fund are reasonable in relation to the services provided. |
26 | Other Information |
Other Information | 27 |
• | In connection with the Annual Renewal Meeting, 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/or 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. |
28 | Other Information |
• | In connection with the February 7, 2023 meeting, a report prepared by the Sub-Adviser, which includes updated Fund performance information as of December 31, 2022. |
• | Comparative information concerning fees charged by the Sub-Adviser for managing institutional accounts using investment strategies and techniques similar to those used in managing the Fund; and |
• | Profitability analyses for the Sub-Adviser. |
• | Descriptions of the investment management services provided by the Sub-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 the Sub-Adviser; |
• | Descriptions of the qualifications, education and experience of the individual investment and other professionals responsible for managing the portfolios of the Fund and for Fund operations;Information relating to compliance with and the administration of the Code of Ethics adopted by the Sub-Adviser; |
• | Information about the Sub-Adviser’s proxy voting policies and procedures and information regarding the Sub-Adviser’s practices for overseeing proxy vendors; |
• | Information concerning the resources devoted by the 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 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 Sub-Adviser; and |
• | Information regarding the Sub-Adviser’s risk management processes. |
• | Copies of the New Sub-Advisory Agreement; |
• | Responses to a request for information in connection with the Annual Renewal Meeting, as updated at the February 7, 2023 meeting, requesting specific information from the Sub-Adviser, with respect to its operations relating to the Fund and its approximate profitability from such operations for the calendar years ended December 31, 2021 and December 31, 2022. |
• | Materials provided by Broadridge, circulated to the Independent Board Members and to Independent Legal Counsel in connection with the Annual Renewal Meeting. |
Other Information | 29 |
30 | Other Information |
Other Information | 31 |
State Street U.S. Equity V.I.S. Fund |
Page | |
1 | |
4 | |
Financial Statements | |
8 | |
9 | |
10 | |
11 | |
12 | |
17 |
State Street U.S. Equity V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $20,822 (in thousands) as of June 30, 2023 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2023 (as a % of Fair Value) (a)(b) | |
Microsoft Corp. | 7.13% |
Apple, Inc. | 6.25% |
Amazon.com, Inc. | 4.22% |
Alphabet, Inc., Class A | 4.01% |
NVIDIA Corp. | 3.86% |
Meta Platforms, Inc., Class A | 2.60% |
Visa, Inc., Class A | 2.13% |
Johnson & Johnson | 2.11% |
UnitedHealth Group, Inc. | 2.09% |
S&P Global, Inc. | 1.99% |
(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 U.S. Equity V.I.S. Fund |
Actual Fund Return | Hypothetical 5% Return (2.5% for the period) | ||
Beginning Account Value January 1, 2023 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2023 | $1,171.20 | $1,020.10 | |
Expenses Paid During Period* | $ 5.11 | $ 4.76 |
* | Expenses are equal to the Fund's annualized expense ratio of 0.95% (for the period January 1, 2023 - June 30, 2023), 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 - 96.2% † | ||
Aerospace & Defense - 0.6% | ||
Raytheon Technologies Corp. | 1,313 | $ 128,621 |
Apparel Retail - 0.7% | ||
Ross Stores, Inc. | 1,238 | 138,817 |
Application Software - 2.6% | ||
Adobe, Inc. (a) | 298 | 145,719 |
Intuit, Inc. | 126 | 57,732 |
Salesforce, Inc. (a) | 1,449 | 306,116 |
Splunk, Inc. (a) | 379 | 40,208 |
549,775 | ||
Automobile Manufacturers - 1.1% | ||
General Motors Co. | 2,611 | 100,680 |
Tesla, Inc. (a) | 481 | 125,912 |
226,592 | ||
Automotive Retail - 1.2% | ||
O'Reilly Automotive, Inc. (a) | 255 | 243,601 |
Biotechnology - 1.7% | ||
BioMarin Pharmaceutical, Inc. (a) | 1,563 | 135,481 |
Vertex Pharmaceuticals, Inc. (a) | 644 | 226,630 |
362,111 | ||
Broadline Retail - 4.2% | ||
Amazon.com, Inc. (a) | 6,745 | 879,278 |
Building Products - 0.5% | ||
Trane Technologies PLC | 597 | 114,182 |
Cable & Satellite - 0.2% | ||
Charter Communications, Inc., Class A (a) | 92 | 33,798 |
Communications Equipment - 0.1% | ||
Cisco Systems, Inc. | 566 | 29,285 |
Construction Materials - 0.6% | ||
Martin Marietta Materials, Inc. | 293 | 135,275 |
Consumer Staples Merchandise Retail - 2.0% | ||
Costco Wholesale Corp. | 524 | 282,111 |
Walmart, Inc. | 913 | 143,505 |
425,616 |
Number of Shares | Fair Value | |
Diversified Banks - 1.4% | ||
JPMorgan Chase & Co. | 1,991 | $ 289,571 |
Diversified Support Services - 0.9% | ||
Cintas Corp. | 204 | 101,404 |
Copart, Inc. (a) | 946 | 86,285 |
187,689 | ||
Electric Utilities - 1.5% | ||
American Electric Power Company, Inc. | 706 | 59,445 |
NextEra Energy, Inc. | 3,360 | 249,312 |
308,757 | ||
Electrical Components & Equipment - 1.3% | ||
Eaton Corp. PLC | 1,382 | 277,920 |
Electronic Components - 1.1% | ||
Amphenol Corp., Class A | 2,770 | 235,312 |
Environmental & Facilities Services - 1.2% | ||
Waste Management, Inc. | 1,396 | 242,094 |
Financial Exchanges & Data - 3.7% | ||
CME Group, Inc. | 1,448 | 268,300 |
MSCI, Inc. | 170 | 79,779 |
S&P Global, Inc. | 1,033 | 414,120 |
762,199 | ||
Footwear - 0.5% | ||
NIKE, Inc., Class B | 857 | 94,587 |
Healthcare Equipment - 3.0% | ||
Becton Dickinson & Co. | 326 | 86,067 |
Boston Scientific Corp. (a) | 2,676 | 144,745 |
Edwards Lifesciences Corp. (a) | 970 | 91,500 |
Medtronic PLC | 1,043 | 91,889 |
Teleflex, Inc. | 869 | 210,324 |
624,525 | ||
Home Improvement Retail - 0.8% | ||
Lowe's Cos., Inc. | 452 | 102,016 |
The Home Depot, Inc. | 193 | 59,954 |
161,970 | ||
Hotels, Resorts & Cruise Lines - 0.4% | ||
Marriott International, Inc., Class A | 403 | 74,027 |
4 | State Street U.S. Equity V.I.S. Fund |
Number of Shares | Fair Value | |
Household Products - 1.3% | ||
Colgate-Palmolive Co. | 880 | $ 67,795 |
The Procter & Gamble Co. | 1,350 | 204,849 |
272,644 | ||
Industrial Conglomerates - 0.6% | ||
Honeywell International, Inc. | 625 | 129,688 |
Industrial Gases - 1.5% | ||
Linde PLC | 847 | 322,775 |
Industrial Machinery & Supplies & Components - 1.5% | ||
Parker-Hannifin Corp. | 792 | 308,912 |
Insurance Brokers - 0.3% | ||
Marsh & McLennan Cos., Inc. | 357 | 67,145 |
Integrated Oil & Gas - 1.0% | ||
Chevron Corp. | 1,266 | 199,205 |
Interactive Home Entertainment - 0.2% | ||
Activision Blizzard, Inc. (a) | 446 | 37,598 |
Interactive Media & Services - 7.1% | ||
Alphabet, Inc., Class C (a)(b) | 926 | 112,018 |
Alphabet, Inc., Class A (a) | 6,969 | 834,190 |
Meta Platforms, Inc., Class A (a) | 1,888 | 541,818 |
1,488,026 | ||
Investment Banking & Brokerage - 0.3% | ||
The Charles Schwab Corp. | 1,236 | 70,056 |
IT Consulting & Other Services - 0.4% | ||
Accenture PLC, Class A | 268 | 82,699 |
Life Sciences Tools & Services - 1.7% | ||
Danaher Corp. | 514 | 123,360 |
IQVIA Holdings, Inc. (a) | 1,003 | 225,444 |
348,804 | ||
Managed Healthcare - 2.7% | ||
Humana, Inc. | 278 | 124,302 |
UnitedHealth Group, Inc. | 908 | 436,421 |
560,723 | ||
Movies & Entertainment - 0.4% | ||
The Walt Disney Co. (a) | 956 | 85,352 |
Number of Shares | Fair Value | |
Multi-Line Insurance - 0.2% | ||
American International Group, Inc. | 673 | $ 38,724 |
Multi-Sector Holdings - 1.3% | ||
Berkshire Hathaway, Inc., Class B (a) | 810 | 276,210 |
Multi-Utilities - 0.7% | ||
Sempra Energy | 957 | 139,330 |
Oil & Gas Equipment & Services - 0.7% | ||
Schlumberger NV | 3,025 | 148,588 |
Oil & Gas Exploration & Production - 2.1% | ||
ConocoPhillips | 2,378 | 246,385 |
Pioneer Natural Resources Co. | 958 | 198,478 |
444,863 | ||
Packaged Foods & Meats - 0.7% | ||
Mondelez International, Inc., Class A | 1,952 | 142,379 |
Personal Care Products - 0.2% | ||
Estee Lauder Cos., Inc., Class A | 229 | 44,971 |
Pharmaceuticals - 5.0% | ||
AstraZeneca PLC ADR | 924 | 66,131 |
Bristol-Myers Squibb Co. | 1,642 | 105,006 |
Elanco Animal Health, Inc. (a) | 2,702 | 27,182 |
Johnson & Johnson | 2,659 | 440,118 |
Merck & Company, Inc. | 3,465 | 399,826 |
1,038,263 | ||
Property & Casualty Insurance - 1.0% | ||
Chubb Ltd. | 1,136 | 218,748 |
Rail Transportation - 0.3% | ||
Union Pacific Corp. | 333 | 68,138 |
Regional Banks - 0.2% | ||
Regions Financial Corp. | 1,755 | 31,274 |
Reinsurance - 0.1% | ||
RenaissanceRe Holdings Ltd. | 88 | 16,414 |
Restaurants - 0.6% | ||
McDonald's Corp. | 401 | 119,662 |
State Street U.S. Equity V.I.S. Fund | 5 |
Number of Shares | Fair Value | |
Semiconductor Materials & Equipment - 1.7% | ||
Applied Materials, Inc. | 1,997 | $ 288,646 |
ASML Holding N.V. | 98 | 71,026 |
359,672 | ||
Semiconductors - 7.1% | ||
Advanced Micro Devices, Inc. (a)(b) | 2,179 | 248,210 |
NVIDIA Corp. | 1,897 | 802,469 |
QUALCOMM, Inc. | 2,733 | 325,336 |
Texas Instruments, Inc. | 635 | 114,313 |
1,490,328 | ||
Soft Drinks & Non-alcoholic Beverages - 1.1% | ||
Monster Beverage Corp. (a) | 1,509 | 86,677 |
PepsiCo, Inc. | 737 | 136,507 |
223,184 | ||
Specialty Chemicals - 1.0% | ||
DuPont de Nemours, Inc. | 559 | 39,935 |
Ecolab, Inc. | 219 | 40,885 |
International Flavors & Fragrances, Inc. | 1,695 | 134,905 |
215,725 | ||
Systems Software - 8.4% | ||
Microsoft Corp. | 4,358 | 1,484,073 |
Oracle Corp. | 1,198 | 142,670 |
ServiceNow, Inc. (a) | 221 | 124,196 |
1,750,939 | ||
Technology Hardware, Storage & Peripherals - 6.2% | ||
Apple, Inc. | 6,708 | 1,301,151 |
Number of Shares | Fair Value | |
Telecom Tower REITs - 1.3% | ||
American Tower Corp. (b) | 1,421 | $ 275,589 |
Trading Companies & Distributors - 1.7% | ||
United Rentals, Inc. | 708 | 315,322 |
WW Grainger, Inc. | 48 | 37,852 |
353,174 | ||
Transaction & Payment Processing Services - 4.0% | ||
Fidelity National Information Services, Inc. | 499 | 27,295 |
Mastercard, Inc., Class A | 908 | 357,116 |
Visa, Inc., Class A | 1,872 | 444,563 |
828,974 | ||
Wireless Telecommunication Services - 0.3% | ||
T-Mobile US Inc. (a) | 383 | 53,199 |
Total Common Stock (Cost $12,143,965) | 20,078,728 | |
Short-Term Investments - 3.6% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 5.07% (b)(c)(d) (Cost $742,793) | 742,793 | 742,793 |
Total Investments (Cost $12,886,758) | 20,821,521 | |
Other Assets and Liabilities, net - 0.2% | 39,892 | |
NET ASSETS - 100.0% | $ 20,861,413 |
The Fund had the following long futures contracts open at June 30, 2023: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
S&P 500 E-mini Index Futures | September 2023 | 2 | $ 438,254 | $ 448,825 | $ 10,571 |
6 | State Street U.S. Equity V.I.S. Fund |
(a) | Non-income producing security. |
(b) | At June 30, 2023, 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, 2023. |
Abbreviations: |
ADR - American Depositary Receipt |
REIT - Real Estate Investment Trust |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Common Stock | $ 20,078,728 | $ — | $ — | $ 20,078,728 | |||
Short-Term Investments | 742,793 | — | — | 742,793 | |||
Total Investments in Securities | $ 20,821,521 | $ — | $ — | $ 20,821,521 | |||
Other Financial Instruments | |||||||
Long Futures Contracts - Unrealized Appreciation | $ 10,571 | $ — | $ — | $ 10,571 | |||
Total Other Financial Instruments | $ 10,571 | $ — | $ — | $ 10,571 |
Affiliate Table |
Number of Shares Held at 12/31/22 | Value at 12/31/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/23 | Value at 6/30/23 | Dividend Income | |
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 374,873 | $374,873 | $3,379,312 | $3,011,392 | $— | $— | 742,793 | $742,793 | $12,463 |
State Street U.S. Equity V.I.S. Fund | 7 |
6/30/23 (a) | 12/31/22 | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | ||||||
Inception date | 1/3/95 | ||||||||||
Net asset value, beginning of period | $ 40.76 | $ 56.55 | $ 53.28 | $ 46.97 | $ 38.07 | $ 44.20 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income(b) | 0.10 | 0.22 | 0.18 | 0.27 | 0.33 | 0.37 | |||||
Net realized and unrealized gains/(losses) on investments | 6.88 | (10.93) | 13.47 | 10.34 | 11.78 | (1.90) | |||||
Total income/(loss) from investment operations | 6.98 | (10.71) | 13.65 | 10.61 | 12.11 | (1.53) | |||||
Less distributions from: | |||||||||||
Net investment income | — | (0.24) | (0.22) | (0.27) | (0.32) | (0.41) | |||||
Net realized gains | — | (4.84) | (10.16) | (4.03) | (2.89) | (4.19) | |||||
Total distributions | — | (5.08) | (10.38) | (4.30) | (3.21) | (4.60) | |||||
Net asset value, end of period | $ 47.74 | $ 40.76 | $ 56.55 | $ 53.28 | $ 46.97 | $ 38.07 | |||||
Total Return(c) | 17.12% | (18.91)% | 25.49% | 22.64% | 31.77% | (3.40)% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $20,861 | $20,449 | $29,595 | $27,729 | $25,951 | $23,473 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 0.95% (d) | 0.88% | 0.82% | 0.86% | 0.88% | 0.80% | |||||
Gross expenses | 0.95% (d) | 0.88% | 0.82% | 0.86% | 0.88% | 0.80% | |||||
Net investment income | 0.46% (d) | 0.46% | 0.30% | 0.56% | 0.74% | 0.81% | |||||
Portfolio turnover rate | 20% | 33% | 32% | 38% | 31% | 41% |
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 $12,143,965) | $ 20,078,728 |
Short-term affiliated investments, at fair value (cost $742,793) | 742,793 |
Cash | 472 |
Net cash collateral on deposit with broker for future contracts | 19,328 |
Receivable for investments sold | 174,550 |
Income receivables | 12,221 |
Receivable for fund shares sold | 502 |
Income receivable from affiliated investments | 1,540 |
Receivable for accumulated variation margin on futures contracts | 10,575 |
Total assets | 21,040,709 |
Liabilities | |
Payable for investments purchased | 129,238 |
Payable for fund shares redeemed | 2,337 |
Payable to the Adviser | 9,281 |
Payable for custody, fund accounting and sub-administration fees | 8,044 |
Accrued other expenses | 30,396 |
Total liabilities | 179,296 |
Net Assets | $ 20,861,413 |
Net Assets Consist of: | |
Capital paid in | $ 12,113,457 |
Total distributable earnings (loss) | 8,747,956 |
Net Assets | $ 20,861,413 |
Shares outstanding ($0.01 par value; unlimited shares authorized) | 436,984 |
Net asset value per share | $ 47.74 |
Statement of Assets and Liabilities | 9 |
Investment Income | |
Income | |
Dividend | $ 127,597 |
Income from affiliated investments | 12,463 |
Less: Foreign taxes withheld | (150) |
Total income | 139,910 |
Expenses | |
Advisory and administration fees | 54,777 |
Directors' fees | 11,201 |
Custody, fund accounting and sub-administration fees | 9,862 |
Professional fees | 14,914 |
Printing and shareholder reports | 2,512 |
Other expenses | 879 |
Total expenses | 94,145 |
Net investment income | $ 45,765 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ 757,007 |
Futures | (7,335) |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | 2,404,692 |
Futures | 10,571 |
Net realized and unrealized gain (loss) on investments | 3,164,935 |
Net Increase in Net Assets Resulting from Operations | $ 3,210,700 |
10 | Statement of Operations |
Six Months Ended June 30, 2023(a) | Year Ended December 31, 2022 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income | $ 45,765 | $ 108,119 | |
Net realized gain (loss) on investments and futures | 749,672 | 1,487,131 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments and futures | 2,415,263 | (6,913,702) | |
Net increase (decrease) from operations | 3,210,700 | (5,318,452) | |
Distributions to shareholders: | |||
Total distributions | — | (2,265,516) | |
Increase (decrease) in assets from operations and distributions | 3,210,700 | (7,583,968) | |
Share transactions: | |||
Proceeds from sale of shares | 178,810 | 231,552 | |
Value of distributions reinvested | — | 2,265,516 | |
Cost of shares redeemed | (2,976,936) | (4,059,426) | |
Net increase (decrease) from share transactions | (2,798,126) | (1,562,358) | |
Total increase (decrease) in net assets | 412,574 | (9,146,326) | |
Net Assets | |||
Beginning of period | 20,448,839 | 29,595,165 | |
End of period | $ 20,861,413 | $ 20,448,839 | |
Changes in Fund Shares | |||
Shares sold | 4,064 | 4,930 | |
Issued for distributions reinvested | — | 55,787 | |
Shares redeemed | (68,747) | (82,353) | |
Net decrease in fund shares | (64,683) | (21,636) |
(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 | $ — | $ — | $ — | $ 10,575 | $ — | $ 10,575 |
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 | $ — | $ — | $ — | $ (7,335) | $ — | $ (7,335) |
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 | $ — | $ — | $ — | $ 10,571 | $ — | $ 10,571 |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 3,906,762 | $ 7,142,794 |
Notes to Financial Statements | 15 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 13,078,200 | $ 8,098,734 | $ 344,842 | $ 7,753,892 |
16 | Notes to Financial Statements |
Other Information | 17 |
• | 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, 2022, to the performance of an appropriate benchmark provided by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Benchmark”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”) constructed by Broadridge; |
○ | 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 |
18 | Other Information |
○ | 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 5, 2023 and May 10-11, 2023 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, 2022; 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, 2022; |
Other Information | 19 |
○ | 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 10-11, 2023; 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 Premier Growth Equity V.I.S. Fund |
Page | |
1 | |
4 | |
Financial Statements | |
7 | |
8 | |
9 | |
10 | |
11 | |
16 |
State Street Premier Growth Equity V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $30,210 (in thousands) as of June 30, 2023 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2023 (as a % of Fair Value) (a)(b) | |
Microsoft Corp. | 12.76% |
Apple, Inc. | 11.31% |
Amazon.com, Inc. | 7.16% |
NVIDIA Corp. | 5.40% |
Alphabet, Inc., Class C | 4.50% |
Meta Platforms, Inc., Class A | 3.93% |
UnitedHealth Group, Inc. | 3.86% |
Visa, Inc., Class A | 3.51% |
Mastercard, Inc., Class A | 3.02% |
Alphabet, Inc., Class A | 2.77% |
(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, 2023 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2023 | $1,306.40 | $1,020.10 | |
Expenses Paid During Period* | $ 5.43 | $ 4.76 |
* | Expenses are equal to the Fund's annualized expense ratio of 0.95% (for the period January 1, 2023 - June 30, 2023), 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 - 96.7% † | ||
Apparel Retail - 1.1% | ||
Ross Stores, Inc. | 3,143 | $ 352,425 |
Application Software - 3.7% | ||
Adobe, Inc. (a) | 1,197 | 585,321 |
Salesforce, Inc. (a) | 2,692 | 568,712 |
1,154,033 | ||
Automobile Manufacturers - 1.0% | ||
Tesla, Inc. (a)(b) | 1,129 | 295,538 |
Biotechnology - 2.7% | ||
BioMarin Pharmaceutical, Inc. (a)(b) | 4,050 | 351,054 |
Vertex Pharmaceuticals, Inc. (a) | 1,341 | 471,911 |
822,965 | ||
Broadline Retail - 7.0% | ||
Amazon.com, Inc. (a) | 16,590 | 2,162,672 |
Cable & Satellite - 1.1% | ||
Charter Communications, Inc., Class A (a) | 969 | 355,982 |
Consumer Staples Merchandise Retail - 2.2% | ||
Costco Wholesale Corp. | 1,245 | 670,283 |
Electrical Components & Equipment - 1.9% | ||
Eaton Corp. PLC | 2,874 | 577,961 |
Electronic Components - 1.5% | ||
Amphenol Corp., Class A (b) | 5,297 | 449,980 |
Financial Exchanges & Data - 1.5% | ||
S&P Global, Inc. | 1,194 | 478,663 |
Healthcare Equipment - 2.2% | ||
Boston Scientific Corp. (a) | 6,613 | 357,697 |
IDEXX Laboratories, Inc. (a) | 659 | 330,970 |
688,667 | ||
Home Improvement Retail - 1.5% | ||
Lowe's Cos., Inc. | 2,091 | 471,939 |
Industrial Machinery & Supplies & Components - 2.0% | ||
Parker-Hannifin Corp. | 1,587 | 618,993 |
Interactive Media & Services - 10.9% | ||
Alphabet, Inc., Class C (a) | 11,233 | 1,358,856 |
Alphabet, Inc., Class A (a) | 6,985 | 836,105 |
Meta Platforms, Inc., Class A (a) | 4,140 | 1,188,097 |
3,383,058 |
Number of Shares | Fair Value | |
Life Sciences Tools & Services - 1.3% | ||
IQVIA Holdings, Inc. (a) | 1,762 | $ 396,045 |
Managed Healthcare - 3.8% | ||
UnitedHealth Group, Inc. | 2,426 | 1,166,033 |
Other Specialty Retail - 1.0% | ||
Chewy, Inc., Class A (a) | 7,888 | 311,339 |
Pharmaceuticals - 1.6% | ||
AstraZeneca PLC ADR | 6,849 | 490,183 |
Semiconductor Materials & Equipment - 2.0% | ||
Applied Materials, Inc. | 4,374 | 632,218 |
Semiconductors - 9.5% | ||
Advanced Micro Devices, Inc. (a) | 4,985 | 567,841 |
NVIDIA Corp. | 3,860 | 1,632,857 |
QUALCOMM, Inc. | 6,135 | 730,311 |
2,931,009 | ||
Soft Drinks & Non-alcoholic Beverages - 1.7% | ||
Monster Beverage Corp. (a) | 9,226 | 529,941 |
Systems Software - 14.5% | ||
Microsoft Corp. | 11,318 | 3,854,232 |
ServiceNow, Inc. (a) | 1,151 | 646,827 |
4,501,059 | ||
Technology Hardware, Storage & Peripherals - 11.0% | ||
Apple, Inc. | 17,617 | 3,417,170 |
Telecom Tower REITs - 1.6% | ||
American Tower Corp. (b) | 2,484 | 481,747 |
Trading Companies & Distributors - 2.0% | ||
United Rentals, Inc. | 1,423 | 633,762 |
Transaction & Payment Processing Services - 6.4% | ||
Mastercard, Inc., Class A | 2,316 | 910,883 |
Visa, Inc., Class A | 4,468 | 1,061,060 |
1,971,943 | ||
Total Common Stock (Cost $13,808,378) | 29,945,608 |
4 | State Street Premier Growth Equity V.I.S. Fund |
Number of Shares | Fair Value | |
Short-Term Investments - 0.9% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 5.07% (b)(c)(d) (Cost $264,687) | 264,687 | $ 264,687 |
Total Investments (Cost $14,073,065) | 30,210,295 | |
Other Assets and Liabilities, net - 2.4% | 747,844 | |
NET ASSETS - 100.0% | $ 30,958,139 |
The Fund had the following long futures contracts open at June 30, 2023: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
S&P 500 E-mini Index Futures | September 2023 | 4 | $ 896,909 | $ 897,650 | $ 741 |
(a) | Non-income producing security. |
(b) | At June 30, 2023, 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, 2023. |
Abbreviations: |
ADR - American Depositary Receipt |
REIT - Real Estate Investment Trust |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Common Stock | $ 29,945,608 | $ — | $ — | $ 29,945,608 | |||
Short-Term Investments | 264,687 | — | — | 264,687 | |||
Total Investments in Securities | $ 30,210,295 | $ — | $ — | $ 30,210,295 | |||
Other Financial Instruments | |||||||
Long Futures Contracts - Unrealized Appreciation | $ 741 | $ — | $ — | $ 741 | |||
Total Other Financial Instruments | $ 741 | $ — | $ — | $ 741 |
State Street Premier Growth Equity V.I.S. Fund | 5 |
Affiliate Table |
Number of Shares Held at 12/31/22 | Value at 12/31/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/23 | Value at 6/30/23 | Dividend Income | |
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 500,571 | $500,571 | $3,294,343 | $3,530,227 | $— | $— | 264,687 | $264,687 | $15,794 |
6 | State Street Premier Growth Equity V.I.S. Fund |
6/30/23 (a) | 12/31/22 | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | ||||||
Inception date | 12/12/97 | ||||||||||
Net asset value, beginning of period | $ 77.05 | $126.76 | $122.96 | $100.89 | $ 82.51 | $ 99.23 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income (loss)(b) | (0.06) | (0.32) | (0.44) | (0.22) | 0.03 | 0.12 | |||||
Net realized and unrealized gains/(losses) on investments | 23.67 | (38.35) | 31.51 | 34.12 | 30.84 | (2.88) | |||||
Total income/(loss) from investment operations | 23.61 | (38.67) | 31.07 | 33.90 | 30.87 | (2.76) | |||||
Less distributions from: | |||||||||||
Net investment income | — | — | — | (0.04) | — | (0.15) | |||||
Net realized gains | — | (11.04) | (27.27) | (11.79) | (12.49) | (13.81) | |||||
Total distributions | — | (11.04) | (27.27) | (11.83) | (12.49) | (13.96) | |||||
Net asset value, end of period | $100.66 | $ 77.05 | $126.76 | $122.96 | $100.89 | $ 82.51 | |||||
Total Return(c) | 30.64% | (30.43)% | 24.97% | 33.61% | 37.33% | (2.66)% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $30,958 | $25,498 | $41,961 | $39,144 | $35,502 | $30,369 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 0.95% (d) | 0.93% | 0.88% | 0.89% | 0.91% | 0.87% | |||||
Gross expenses | 0.95% (d) | 0.93% | 0.88% | 0.89% | 0.91% | 0.87% | |||||
Net investment income (loss) | (0.13)% (d) | (0.31)% | (0.32)% | (0.19)% | 0.03% | 0.11% | |||||
Portfolio turnover rate | 13% | 23% | 30% | 22% | 22% | 27% |
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 $13,808,378) | $ 29,945,608 |
Short-term affiliated investments, at fair value (cost $264,687) | 264,687 |
Receivable for investments sold | 957,932 |
Income receivables | 4,874 |
Receivable for fund shares sold | 103 |
Income receivable from affiliated investments | 2,486 |
Receivable for accumulated variation margin on futures contracts | 750 |
Total assets | 31,176,440 |
Liabilities | |
Net cash collateral on futures contracts due to broker | 44 |
Payable for investments purchased | 152,296 |
Payable for fund shares redeemed | 7,149 |
Payable to the Adviser | 16,155 |
Payable for custody, fund accounting and sub-administration fees | 8,702 |
Accrued other expenses | 33,955 |
Total liabilities | 218,301 |
Net Assets | $ 30,958,139 |
Net Assets Consist of: | |
Capital paid in | $ 15,180,317 |
Total distributable earnings (loss) | 15,777,822 |
Net Assets | $ 30,958,139 |
Shares outstanding ($0.01 par value; unlimited shares authorized) | 307,540 |
Net asset value per share | $ 100.66 |
8 | Statement of Assets and Liabilities |
Investment Income | |
Income | |
Dividend | $ 97,431 |
Income from affiliated investments | 15,794 |
Total income | 113,225 |
Expenses | |
Advisory and administration fees | 89,880 |
Directors' fees | 11,223 |
Custody, fund accounting and sub-administration fees | 10,337 |
Professional fees | 14,942 |
Printing and shareholder reports | 3,643 |
Other expenses | 1,744 |
Total expenses | 131,769 |
Net investment income | $ (18,544) |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ (416,675) |
Futures | 26,692 |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | 7,878,658 |
Futures | 8,957 |
Net realized and unrealized gain (loss) on investments | 7,497,632 |
Net Increase in Net Assets Resulting from Operations | $ 7,479,088 |
Statement of Operations | 9 |
Six Months Ended June 30, 2023(a) | Year Ended December 31, 2022 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment loss | $ (18,544) | $ (98,064) | |
Net realized gain (loss) on investments and futures | (389,983) | 1,629,901 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments and futures | 7,887,615 | (13,722,753) | |
Net increase (decrease) from operations | 7,479,088 | (12,190,916) | |
Distributions to shareholders: | |||
Total distributions | — | (3,197,147) | |
Increase (decrease) in assets from operations and distributions | 7,479,088 | (15,388,063) | |
Share transactions: | |||
Proceeds from sale of shares | 193,830 | 256,572 | |
Value of distributions reinvested | — | 3,197,147 | |
Cost of shares redeemed | (2,212,527) | (4,528,893) | |
Net increase (decrease) from share transactions | (2,018,697) | (1,075,174) | |
Total increase (decrease) in net assets | 5,460,391 | (16,463,237) | |
Net Assets | |||
Beginning of period | 25,497,748 | 41,960,985 | |
End of period | $ 30,958,139 | $ 25,497,748 | |
Changes in Fund Shares | |||
Shares sold | 2,100 | 2,585 | |
Issued for distributions reinvested | — | 41,853 | |
Shares redeemed | (25,474) | (44,556) | |
Net decrease in fund shares | (23,374) | (118) |
(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 | $ — | $ — | $ — | $ 750 | $ — | $ 750 |
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 | $ — | $ — | $ — | $ 26,692 | $ — | $ 26,692 |
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 | $ — | $ — | $ — | $ 8,957 | $ — | $ 8,957 |
Notes to Financial Statements | 13 |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 3,411,200 | $ 5,972,564 |
14 | Notes to Financial Statements |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 14,320,908 | $ 16,313,998 | $ 423,870 | $ 15,890,128 |
Notes to Financial Statements | 15 |
16 | 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, 2022, to the performance of an appropriate benchmark provided by Broadridge Financial Solutions, Inc. for the Fund (the “Benchmark”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”) constructed by Broadridge; |
○ | 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 | 17 |
○ | 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 5, 2023 and May 10-11, 2023 meetings, by Independent Counsel requesting specific information from each of: |
18 | 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, 2022; 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, 2022; |
○ | 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 10-11, 2023; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
Other Information | 19 |
20 | Other Information |
Other Information | 21 |
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 $11,842 (in thousands) as of June 30, 2023 (a)(b) |
Quality Ratings | ||
as of June 30, 2023 as a % of Fair Value (a)(b) | ||
Moody’s / S&P / Rating* | Percentage of Fair Value | |
Aaa / AAA | 4.92% | |
Aa / AA | 52.61% | |
A / A | 7.33% | |
Baa / BBB | 16.24% | |
Ba / BB and lower | 1.74% | |
NR / Other | 17.16% | |
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, 2023 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2023 | $1,016.40 | $1,018.10 | |
Expenses Paid During Period* | $ 6.75 | $ 6.76 |
* | Expenses are equal to the Fund's annualized net expense ratio of 1.35% (for the period January 1, 2023 - June 30, 2023), 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 - 96.9% † | ||
U.S. Treasuries - 27.4% | ||
U.S. Treasury Bonds | ||
2.25%, 08/15/46 (a) | $ 137,000 | $ 100,096 |
3.00%, 08/15/48 (a) | 303,000 | 255,704 |
3.63%, 05/15/53 (a) | 88,000 | 84,617 |
3.88%, 05/15/43 (a) | 16,000 | 15,615 |
4.75%, 02/15/37 (a) | 146,900 | 162,439 |
U.S. Treasury Notes | ||
0.25%, 07/31/25 (a) | 166,900 | 151,840 |
0.75%, 12/31/23 - 01/31/28 (a) | 590,000 | 542,901 |
1.25%, 11/30/26 (a) | 135,000 | 121,637 |
1.63%, 05/15/31 (a) | 253,000 | 215,050 |
2.75%, 08/15/32 (a) | 499,000 | 457,521 |
3.50%, 04/30/28 (a) | 206,000 | 200,158 |
3.88%, 12/31/27 - 11/30/29 (a) | 201,200 | 198,963 |
4.25%, 10/15/25 (a) | 299,600 | 296,253 |
2,802,794 | ||
Agency Mortgage Backed - 30.6% | ||
Federal Home Loan Mortgage Corp. | ||
3.00%, 04/01/43 - 10/01/49 | 305,541 | 273,955 |
4.50%, 06/01/33 - 02/01/35 | 1,158 | 1,141 |
5.00%, 07/01/35 | 14,394 | 14,429 |
5.50%, 01/01/38 | 14,146 | 14,528 |
6.00%, 04/01/29 - 11/01/37 | 46,098 | 48,055 |
6.50%, 02/01/29 | 17 | 18 |
6.93%, 06/01/26 (a)(b) | 60,000 | 63,443 |
7.00%, 12/01/29 - 08/01/36 | 11,775 | 12,303 |
7.50%, 01/01/30 - 09/01/33 | 1,400 | 1,442 |
8.00%, 11/01/30 | 2,349 | 2,442 |
8.50%, 04/01/30 | 2,352 | 2,578 |
Federal National Mortgage Association | ||
2.50%, 03/01/51 | 233,285 | 197,816 |
3.00%, 03/01/50 | 54,114 | 48,055 |
3.50%, 08/01/45 - 01/01/48 | 108,467 | 100,576 |
4.00%, 01/01/41 - 01/01/50 | 158,840 | 151,891 |
4.50%, 07/01/33 - 12/01/48 | 67,532 | 66,222 |
5.00%, 03/01/34 - 08/01/35 | 16,111 | 16,127 |
5.50%, 12/01/32 - 01/01/39 | 59,456 | 60,659 |
6.00%, 02/01/33 - 07/01/35 | 68,620 | 71,494 |
6.50%, 01/01/29 - 08/01/34 | 10,336 | 10,811 |
7.00%, 10/01/32 - 02/01/34 | 4,117 | 4,249 |
7.50%, 12/01/26 - 03/01/33 | 4,526 | 4,668 |
8.00%, 08/01/25 - 10/01/31 | 2,039 | 2,073 |
Principal Amount | Fair Value | |
Federal National Mortgage Association 1.60% + 12 month USD LIBOR | ||
4.97%, 04/01/37 (c) | $ 604 | $ 594 |
Government National Mortgage Association | ||
3.00%, 12/20/42 - 05/20/45 | 251,917 | 229,826 |
3.50%, 08/20/48 | 45,397 | 42,417 |
4.00%, 01/20/41 - 04/20/43 | 44,472 | 43,218 |
4.50%, 08/15/33 - 03/20/41 | 34,870 | 34,284 |
6.00%, 04/15/27 - 04/15/34 | 39,318 | 40,523 |
6.50%, 03/15/24 - 08/15/34 | 14,916 | 15,454 |
7.00%, 01/15/28 - 10/15/36 | 11,429 | 11,608 |
Government National Mortgage Association 1.50% + 1 year CMT Rate | ||
2.75%, 12/20/24 (c) | 100 | 98 |
3.63%, 02/20/26 (c) | 60 | 58 |
Government National Mortgage Association, TBA | ||
2.50%, 07/20/53 (d) | 211,781 | 183,240 |
4.00%, 07/20/53 (d) | 41,845 | 39,549 |
Uniform Mortgage-Backed Security, TBA | ||
2.00%, 07/13/53 (d) | 365,226 | 297,593 |
2.50%, 07/13/53 (d) | 496,279 | 420,551 |
3.00%, 07/13/53 (d) | 137,325 | 120,820 |
3.50%, 07/13/53 (d) | 68,183 | 62,105 |
4.00%, 07/13/53 (d) | 240,420 | 225,550 |
4.50%, 07/13/53 (d) | 202,997 | 195,121 |
3,131,584 | ||
Agency Collateralized Mortgage Obligations - 1.0% | ||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||
2.51%, 07/25/29 (a) | 55,000 | 49,059 |
4.05%, 09/25/28 (a)(c) | 31,000 | 30,236 |
Federal Home Loan Mortgage Corp. REMIC | ||
3.50%, 11/15/30 (a)(e) | 314 | 1 |
5.50%, 06/15/33 (a)(e) | 7,161 | 1,131 |
7.50%, 07/15/27 (a)(e) | 503 | 40 |
Federal Home Loan Mortgage Corp. STRIPS | ||
0.00%, 08/01/27 (a)(f) | 72 | 66 |
8.00%, 07/01/24 (a)(e) | 41 | 1 |
Federal Home Loan Mortgage Corp. Structured Pass-Through Certificates | ||
0.08%, 09/25/43 (a)(c)(e) | 253,613 | 1,951 |
4 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Federal National Mortgage Association Interest STRIPS | ||
7.50%, 11/25/23 (a)(e)** | $ 26 | $ — |
Federal National Mortgage Association REMIC | ||
1.16%, 12/25/42 (a)(c)(e) | 13,002 | 444 |
5.00%, 09/25/40 (a)(e) | 3,278 | 346 |
Federal National Mortgage Association REMIC 6.00% - 1 month USD LIBOR | ||
0.85%, 07/25/38 (a)(c)(e) | 2,554 | 203 |
Federal National Mortgage Association REMIC 6.55% - 1 month USD LIBOR | ||
1.40%, 11/25/41 (a)(c)(e) | 117,921 | 13,682 |
Federal National Mortgage Association STRIPS | ||
0.00%, 12/25/34 (a)(f) | 6,231 | 5,060 |
4.50%, 08/25/35 - 01/25/36 (a)(e) | 6,608 | 829 |
5.00%, 03/25/38 - 05/25/38 (a)(e) | 4,322 | 653 |
5.50%, 12/25/33 (a)(e) | 1,969 | 339 |
6.00%, 01/25/35 (a)(e) | 3,551 | 605 |
8.00%, 07/25/24 (a)(e) | 74 | 2 |
104,648 | ||
Asset Backed - 0.0%* | ||
Ford Credit Auto Owner Trust | ||
0.56%, 10/15/24 (a) | 2,815 | 2,808 |
2,808 | ||
Corporate Notes - 30.1% | ||
3M Co. | ||
3.13%, 09/19/46 (a) | 2,000 | 1,407 |
7-Eleven, Inc. | ||
0.95%, 02/10/26 (a)(g) | 5,000 | 4,467 |
Abbott Laboratories | ||
3.75%, 11/30/26 (a) | 6,000 | 5,853 |
4.90%, 11/30/46 (a) | 8,000 | 8,064 |
AbbVie, Inc. | ||
2.60%, 11/21/24 (a) | 7,000 | 6,717 |
2.95%, 11/21/26 (a) | 5,000 | 4,673 |
3.20%, 05/14/26 - 11/21/29 (a) | 12,000 | 11,021 |
4.05%, 11/21/39 (a) | 3,000 | 2,611 |
4.25%, 11/21/49 (a) | 4,000 | 3,447 |
4.30%, 05/14/36 (a) | 3,000 | 2,759 |
4.40%, 11/06/42 (a) | 2,000 | 1,791 |
4.63%, 10/01/42 (a) | 2,000 | 1,807 |
Principal Amount | Fair Value | |
4.88%, 11/14/48 (a) | $ 3,000 | $ 2,830 |
Advance Auto Parts, Inc. | ||
3.90%, 04/15/30 (a) | 5,000 | 4,293 |
5.95%, 03/09/28 (a) | 10,000 | 9,862 |
Advanced Micro Devices, Inc. | ||
4.39%, 06/01/52 (a) | 3,000 | 2,732 |
AEP Texas, Inc. | ||
3.45%, 05/15/51 (a) | 8,000 | 5,712 |
AEP Transmission Co. LLC | ||
5.40%, 03/15/53 (a) | 5,000 | 5,143 |
Aetna, Inc. | ||
3.50%, 11/15/24 (a) | 4,000 | 3,881 |
Aircastle Ltd. | ||
4.25%, 06/15/26 (a) | 3,000 | 2,827 |
Alexandria Real Estate Equities, Inc. | ||
1.88%, 02/01/33 (a) | 3,000 | 2,195 |
2.95%, 03/15/34 (a) | 3,000 | 2,370 |
3.55%, 03/15/52 (a) | 3,000 | 2,052 |
4.70%, 07/01/30 (a) | 3,000 | 2,851 |
Allstate Corp. | ||
4.20%, 12/15/46 (a) | 4,000 | 3,275 |
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 | 8,888 |
Ally Financial, Inc. | ||
2.20%, 11/02/28 (a) | 3,000 | 2,401 |
Altria Group, Inc. | ||
3.40%, 02/04/41 (a) | 6,000 | 4,197 |
4.00%, 02/04/61 (a) | 2,000 | 1,379 |
4.25%, 08/09/42 (a) | 2,000 | 1,563 |
4.45%, 05/06/50 (a) | 3,000 | 2,214 |
4.50%, 05/02/43 (a) | 3,000 | 2,390 |
Amazon.com, Inc. | ||
1.50%, 06/03/30 (a) | 2,000 | 1,645 |
2.50%, 06/03/50 (a) | 3,000 | 1,992 |
2.70%, 06/03/60 (a) | 3,000 | 1,926 |
2.88%, 05/12/41 (a) | 4,000 | 3,087 |
3.15%, 08/22/27 (a) | 2,000 | 1,882 |
3.25%, 05/12/61 (a) | 3,000 | 2,173 |
4.05%, 08/22/47 (a) | 3,000 | 2,688 |
Ameren Corp. | ||
3.65%, 02/15/26 (a) | 5,000 | 4,764 |
American Electric Power Co., Inc. | ||
2.30%, 03/01/30 (a) | 3,000 | 2,492 |
3.25%, 03/01/50 (a) | 3,000 | 2,051 |
State Street Income V.I.S. Fund | 5 |
Principal Amount | Fair Value | |
American Tower Corp. | ||
1.50%, 01/31/28 (a) | $ 4,000 | $ 3,361 |
2.90%, 01/15/30 (a) | 4,000 | 3,455 |
3.70%, 10/15/49 (a) | 3,000 | 2,154 |
3.80%, 08/15/29 (a) | 4,000 | 3,657 |
American Water Capital Corp. | ||
2.95%, 09/01/27 (a) | 8,000 | 7,393 |
Amgen, Inc. | ||
2.45%, 02/21/30 (a) | 2,000 | 1,712 |
3.00%, 01/15/52 (a) | 4,000 | 2,670 |
3.15%, 02/21/40 (a) | 5,000 | 3,825 |
5.51%, 03/02/26 (a) | 5,000 | 4,988 |
5.60%, 03/02/43 (a) | 5,000 | 5,012 |
5.65%, 03/02/53 (a) | 5,000 | 5,069 |
5.75%, 03/02/63 (a) | 5,000 | 5,082 |
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||
4.70%, 02/01/36 (a) | 7,000 | 6,816 |
4.90%, 02/01/46 (a) | 8,000 | 7,641 |
Anheuser-Busch InBev Worldwide, Inc. | ||
3.50%, 06/01/30 (a) | 5,000 | 4,654 |
4.35%, 06/01/40 (a) | 5,000 | 4,597 |
4.38%, 04/15/38 (a) | 8,000 | 7,425 |
4.50%, 06/01/50 (a) | 3,000 | 2,773 |
4.75%, 04/15/58 (a) | 6,000 | 5,562 |
5.55%, 01/23/49 (a) | 2,000 | 2,106 |
Aon Corp./Aon Global Holdings PLC | ||
2.90%, 08/23/51 (a) | 4,000 | 2,618 |
Apollo Management Holdings LP | ||
2.65%, 06/05/30 (a)(g) | 4,000 | 3,268 |
Apollo Management Holdings LP (4.95% fixed rate until 12/17/24; 3.27% + 5 year CMT Rate thereafter) | ||
4.95%, 01/14/50 (a)(c)(g) | 5,000 | 4,193 |
Apple, Inc. | ||
2.20%, 09/11/29 (a) | 3,000 | 2,633 |
2.65%, 02/08/51 (a) | 6,000 | 4,143 |
2.80%, 02/08/61 (a) | 2,000 | 1,351 |
2.95%, 09/11/49 (a) | 3,000 | 2,233 |
3.45%, 02/09/45 (a) | 4,000 | 3,366 |
3.95%, 08/08/52 (a) | 3,000 | 2,643 |
4.85%, 05/10/53 (a) | 9,000 | 9,220 |
Applied Materials, Inc. | ||
4.35%, 04/01/47 (a) | 4,000 | 3,744 |
Principal Amount | Fair Value | |
Aptiv PLC | ||
4.40%, 10/01/46 (a) | $ 3,000 | $ 2,336 |
ArcelorMittal SA | ||
4.55%, 03/11/26 (a) | 15,000 | 14,643 |
6.80%, 11/29/32 (a) | 4,000 | 4,109 |
Archer-Daniels-Midland Co. | ||
2.50%, 08/11/26 (a) | 4,000 | 3,751 |
Ares Capital Corp. | ||
2.88%, 06/15/28 (a) | 3,000 | 2,482 |
Arthur J Gallagher & Co. | ||
3.50%, 05/20/51 (a) | 3,000 | 2,149 |
Ascension Health | ||
4.85%, 11/15/53 (a) | 7,000 | 6,868 |
Astrazeneca Finance LLC | ||
1.75%, 05/28/28 (a) | 8,000 | 6,933 |
AstraZeneca PLC | ||
3.00%, 05/28/51 (a) | 5,000 | 3,711 |
4.00%, 01/17/29 (a) | 3,000 | 2,901 |
4.38%, 08/17/48 (a) | 2,000 | 1,871 |
AT&T, Inc. | ||
2.75%, 06/01/31 (a) | 10,000 | 8,439 |
3.65%, 06/01/51 (a) | 9,000 | 6,603 |
3.85%, 06/01/60 (a) | 7,000 | 5,078 |
4.35%, 03/01/29 (a) | 2,000 | 1,920 |
4.50%, 05/15/35 (a) | 3,000 | 2,756 |
4.55%, 03/09/49 (a) | 2,000 | 1,696 |
4.75%, 05/15/46 (a) | 2,000 | 1,766 |
Athene Holding Ltd. | ||
4.13%, 01/12/28 (a) | 4,000 | 3,647 |
6.15%, 04/03/30 (a) | 5,000 | 5,014 |
Avangrid, Inc. | ||
3.15%, 12/01/24 (a) | 6,000 | 5,764 |
Bain Capital Specialty Finance, Inc. | ||
2.95%, 03/10/26 (a) | 6,000 | 5,327 |
Bank of America Corp. | ||
3.25%, 10/21/27 (a) | 3,000 | 2,795 |
4.18%, 11/25/27 (a) | 4,000 | 3,801 |
4.25%, 10/22/26 (a) | 4,000 | 3,861 |
Bank of America Corp. (2.09% fixed rate until 06/14/28; 1.06% + SOFR thereafter) | ||
2.09%, 06/14/29 (a)(c) | 3,000 | 2,563 |
Bank of America Corp. (2.97% fixed rate until 07/21/51; 1.56% + SOFR thereafter) | ||
2.97%, 07/21/52 (a)(c) | 7,000 | 4,751 |
6 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Bank of America Corp. (3.37% fixed rate until 01/23/25; 1.07% + 3 month Term SOFR) | ||
3.37%, 01/23/26 (a)(c) | $ 2,000 | $ 1,920 |
Bank of America Corp. (3.71% fixed rate until 04/24/27; 1.77% + 3 month Term SOFR) | ||
3.71%, 04/24/28 (a)(c) | 4,000 | 3,753 |
Bank of America Corp. (3.85% fixed rate until 03/08/32; 2.00% + 5 year CMT Rate thereafter) | ||
3.85%, 03/08/37 (a)(c) | 4,000 | 3,416 |
Bank of America Corp. (3.95% fixed rate until 01/23/48; 1.45% + 3 month Term SOFR) | ||
3.95%, 01/23/49 (a)(c) | 4,000 | 3,234 |
Bank of America Corp. (4.30% fixed rate until 01/28/25; 2.93% + 3 month Term SOFR) | ||
4.30%, 01/28/25 (a)(c) | 7,000 | 6,255 |
Bank of America Corp. (5.29% fixed rate until 04/25/33; 1.91% + SOFR thereafter) | ||
5.29%, 04/25/34 (a)(c) | 10,000 | 9,908 |
Bank of New York Mellon Corp. (4.63% fixed rate until 09/20/26; 3.39% + 3 month Term SOFR) | ||
4.63%, 09/20/26 (a)(c) | 5,000 | 4,419 |
Bank of Nova Scotia (7.85% fixed rate until 10/12/23; 2.65% + 3 month USD LIBOR thereafter) | ||
7.85%, 10/12/30 (a)(c) | 8,000 | 6,637 |
Barrick North America Finance LLC | ||
5.70%, 05/30/41 (a) | 3,000 | 3,032 |
BAT Capital Corp. | ||
2.73%, 03/25/31 (a) | 4,000 | 3,185 |
4.39%, 08/15/37 (a) | 3,000 | 2,397 |
4.54%, 08/15/47 (a) | 2,000 | 1,476 |
4.91%, 04/02/30 (a) | 4,000 | 3,783 |
Baxter International, Inc. | ||
1.92%, 02/01/27 (a) | 11,000 | 9,774 |
3.13%, 12/01/51 (a) | 3,000 | 1,985 |
Becton Dickinson & Co. | ||
3.70%, 06/06/27 (a) | 7,000 | 6,654 |
Principal Amount | Fair Value | |
4.67%, 06/06/47 (a) | $ 3,000 | $ 2,750 |
4.69%, 12/15/44 (a) | 2,000 | 1,820 |
Berkshire Hathaway Energy Co. | ||
3.25%, 04/15/28 (a) | 2,000 | 1,840 |
3.70%, 07/15/30 (a) | 3,000 | 2,753 |
3.80%, 07/15/48 (a) | 3,000 | 2,316 |
4.25%, 10/15/50 (a) | 2,000 | 1,618 |
6.13%, 04/01/36 (a) | 3,000 | 3,130 |
Berkshire Hathaway Finance Corp. | ||
2.85%, 10/15/50 (a) | 6,000 | 4,179 |
4.25%, 01/15/49 (a) | 4,000 | 3,641 |
Berry Global, Inc. | ||
4.88%, 07/15/26 (a)(g) | 6,000 | 5,785 |
BHP Billiton Finance USA Ltd. | ||
4.90%, 02/28/33 (a) | 3,000 | 2,987 |
Biogen, Inc. | ||
2.25%, 05/01/30 (a) | 3,000 | 2,507 |
Block Financial LLC | ||
2.50%, 07/15/28 (a) | 3,000 | 2,555 |
3.88%, 08/15/30 (a) | 3,000 | 2,647 |
Boardwalk Pipelines LP | ||
4.80%, 05/03/29 (a) | 4,000 | 3,838 |
Boeing Co. | ||
2.70%, 02/01/27 (a) | 4,000 | 3,656 |
2.95%, 02/01/30 (a) | 4,000 | 3,480 |
3.25%, 03/01/28 (a) | 3,000 | 2,733 |
3.75%, 02/01/50 (a) | 2,000 | 1,502 |
5.04%, 05/01/27 (a) | 5,000 | 4,943 |
5.15%, 05/01/30 (a) | 5,000 | 4,952 |
5.81%, 05/01/50 (a) | 3,000 | 2,984 |
Boston Properties LP | ||
3.40%, 06/21/29 (a) | 6,000 | 5,053 |
BP Capital Markets America, Inc. | ||
3.00%, 02/24/50 (a) | 4,000 | 2,792 |
3.38%, 02/08/61 (a) | 5,000 | 3,560 |
4.81%, 02/13/33 (a) | 5,000 | 4,932 |
BP Capital Markets PLC (4.88% fixed rate until 03/22/30; 4.40% + 5 year CMT Rate thereafter) | ||
4.88%, 03/22/30 (a)(c) | 7,000 | 6,367 |
Bristol-Myers Squibb Co. | ||
1.45%, 11/13/30 (a) | 2,000 | 1,607 |
2.35%, 11/13/40 (a) | 2,000 | 1,405 |
2.95%, 03/15/32 (a) | 5,000 | 4,416 |
3.20%, 06/15/26 (a) | 2,000 | 1,915 |
3.40%, 07/26/29 (a) | 2,000 | 1,856 |
State Street Income V.I.S. Fund | 7 |
Principal Amount | Fair Value | |
4.13%, 06/15/39 (a) | $ 3,000 | $ 2,737 |
4.25%, 10/26/49 (a) | 3,000 | 2,663 |
4.55%, 02/20/48 (a) | 2,000 | 1,865 |
Brixmor Operating Partnership LP | ||
2.25%, 04/01/28 (a) | 6,000 | 5,058 |
Broadcom, Inc. | ||
3.14%, 11/15/35 (a)(g) | 3,000 | 2,299 |
3.42%, 04/15/33 (a)(g) | 10,000 | 8,372 |
3.47%, 04/15/34 (a)(g) | 2,000 | 1,639 |
4.15%, 11/15/30 (a) | 4,000 | 3,676 |
4.30%, 11/15/32 (a) | 4,000 | 3,665 |
Brooklyn Union Gas Co. | ||
4.87%, 08/05/32 (a)(g) | 11,000 | 10,331 |
Brown-Forman Corp. | ||
4.00%, 04/15/38 (a) | 2,000 | 1,766 |
Bunge Ltd. Finance Corp. | ||
3.75%, 09/25/27 (a) | 3,000 | 2,835 |
Burlington Northern Santa Fe LLC | ||
4.15%, 12/15/48 (a) | 4,000 | 3,485 |
4.55%, 09/01/44 (a) | 5,000 | 4,597 |
Canadian Natural Resources Ltd. | ||
3.85%, 06/01/27 (a) | 3,000 | 2,834 |
4.95%, 06/01/47 (a) | 4,000 | 3,577 |
Canadian Pacific Railway Co. | ||
1.75%, 12/02/26 (a) | 3,000 | 2,697 |
3.50%, 05/01/50 (a) | 3,000 | 2,313 |
Cantor Fitzgerald LP | ||
4.88%, 05/01/24 (a)(g) | 5,000 | 4,890 |
Capital One Financial Corp. | ||
3.75%, 07/28/26 (a) | 5,000 | 4,657 |
Cardinal Health, Inc. | ||
3.08%, 06/15/24 (a) | 4,000 | 3,899 |
Carlisle Cos., Inc. | ||
2.20%, 03/01/32 (a) | 5,000 | 3,947 |
Carrier Global Corp. | ||
2.72%, 02/15/30 (a) | 3,000 | 2,585 |
Caterpillar, Inc. | ||
3.25%, 09/19/49 - 04/09/50 (a) | 6,000 | 4,723 |
Cenovus Energy, Inc. | ||
2.65%, 01/15/32 (a) | 3,000 | 2,422 |
3.75%, 02/15/52 (a) | 3,000 | 2,130 |
Centene Corp. | ||
3.00%, 10/15/30 (a) | 3,000 | 2,502 |
3.38%, 02/15/30 (a) | 14,000 | 12,038 |
4.25%, 12/15/27 (a) | 18,000 | 16,843 |
Principal Amount | Fair Value | |
CenterPoint Energy, Inc. | ||
2.65%, 06/01/31 (a) | $ 5,000 | $ 4,178 |
Charles Schwab Corp. | ��� | |
2.45%, 03/03/27 (a) | 29,000 | 26,045 |
Charles Schwab Corp. (4.00% fixed rate until 12/01/30; 3.08% + 10 year CMT rate thereafter) | ||
4.00%, 12/01/30 (a)(c) | 8,000 | 5,862 |
Charles Schwab Corp. (5.64% fixed rate until 05/19/28; 2.21% + SOFR thereafter) | ||
5.64%, 05/19/29 (a)(c) | 26,000 | 26,111 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
3.50%, 06/01/41 (a) | 4,000 | 2,702 |
3.70%, 04/01/51 (a) | 15,000 | 9,519 |
4.80%, 03/01/50 (a) | 5,000 | 3,763 |
5.05%, 03/30/29 (a) | 6,000 | 5,721 |
5.75%, 04/01/48 (a) | 3,000 | 2,566 |
Cheniere Corpus Christi Holdings LLC | ||
5.88%, 03/31/25 (a) | 5,000 | 4,980 |
Cheniere Energy Partners LP | ||
4.50%, 10/01/29 (a) | 9,000 | 8,265 |
Chevron USA, Inc. | ||
3.85%, 01/15/28 (a) | 4,000 | 3,904 |
3.90%, 11/15/24 (a) | 4,000 | 3,931 |
Chubb INA Holdings, Inc. | ||
4.35%, 11/03/45 (a) | 4,000 | 3,622 |
Church & Dwight Co., Inc. | ||
2.30%, 12/15/31 (a) | 3,000 | 2,479 |
Cigna Group | ||
2.40%, 03/15/30 (a) | 3,000 | 2,549 |
3.25%, 04/15/25 (a) | 7,000 | 6,712 |
3.40%, 03/01/27 (a) | 5,000 | 4,711 |
3.88%, 10/15/47 (a) | 2,000 | 1,586 |
4.13%, 11/15/25 (a) | 5,000 | 4,869 |
4.38%, 10/15/28 (a) | 3,000 | 2,902 |
4.80%, 08/15/38 (a) | 3,000 | 2,832 |
Cisco Systems, Inc. | ||
5.90%, 02/15/39 (a) | 3,000 | 3,320 |
Citigroup, Inc. | ||
4.45%, 09/29/27 (a) | 4,000 | 3,820 |
4.65%, 07/23/48 (a) | 9,000 | 8,156 |
6.17%, 05/25/34 (a)(c) | 5,000 | 5,035 |
8 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Citigroup, Inc. (2.98% fixed rate until 11/05/29; 1.42% + SOFR thereafter) | ||
2.98%, 11/05/30 (a)(c) | $ 6,000 | $ 5,210 |
Citigroup, Inc. (3.88% fixed rate until 01/24/38; 1.43% + 3 month Term SOFR) | ||
3.88%, 01/24/39 (a)(c) | 6,000 | 5,023 |
Citigroup, Inc. (4.70% fixed rate until 01/30/25; 3.23% + SOFR thereafter) | ||
4.70%, 01/30/25 (a)(c) | 6,000 | 5,162 |
Cleveland Electric Illuminating Co. | ||
4.55%, 11/15/30 (a)(g) | 6,000 | 5,661 |
Clorox Co. | ||
1.80%, 05/15/30 (a) | 4,000 | 3,276 |
CME Group, Inc. | ||
3.75%, 06/15/28 (a) | 2,000 | 1,914 |
CMS Energy Corp. | ||
4.88%, 03/01/44 (a) | 7,000 | 6,368 |
CNH Industrial Capital LLC | ||
1.95%, 07/02/23 (a) | 5,000 | 5,000 |
Coca-Cola Co. | ||
2.60%, 06/01/50 (a) | 3,000 | 2,103 |
2.75%, 06/01/60 (a) | 3,000 | 2,069 |
Comcast Corp. | ||
2.80%, 01/15/51 (a) | 3,000 | 1,984 |
2.94%, 11/01/56 (a) | 5,000 | 3,257 |
2.99%, 11/01/63 (a) | 3,000 | 1,901 |
3.20%, 07/15/36 (a) | 3,000 | 2,465 |
3.25%, 11/01/39 (a) | 3,000 | 2,380 |
3.97%, 11/01/47 (a) | 3,000 | 2,492 |
4.15%, 10/15/28 (a) | 3,000 | 2,907 |
CommonSpirit Health | ||
4.35%, 11/01/42 (a) | 16,000 | 13,713 |
Conagra Brands, Inc. | ||
5.30%, 11/01/38 (a) | 3,000 | 2,883 |
5.40%, 11/01/48 (a) | 2,000 | 1,906 |
ConocoPhillips Co. | ||
4.30%, 11/15/44 (a) | 4,000 | 3,529 |
Consolidated Edison Co. of New York, Inc. | ||
3.35%, 04/01/30 (a) | 3,000 | 2,731 |
3.88%, 06/15/47 (a) | 2,000 | 1,571 |
3.95%, 04/01/50 (a) | 3,000 | 2,446 |
Constellation Brands, Inc. | ||
3.15%, 08/01/29 (a) | 4,000 | 3,611 |
3.70%, 12/06/26 (a) | 4,000 | 3,811 |
4.50%, 05/09/47 (a) | 4,000 | 3,454 |
Principal Amount | Fair Value | |
Continental Resources, Inc. | ||
2.88%, 04/01/32 (a)(g) | $ 3,000 | $ 2,309 |
3.80%, 06/01/24 (a) | 10,000 | 9,800 |
Corebridge Financial, Inc. | ||
3.90%, 04/05/32 (a) | 15,000 | 13,063 |
Corning, Inc. | ||
4.38%, 11/15/57 (a) | 2,000 | 1,626 |
Corporate Office Properties LP | ||
2.00%, 01/15/29 (a) | 5,000 | 3,820 |
2.25%, 03/15/26 (a) | 3,000 | 2,648 |
2.75%, 04/15/31 (a) | 3,000 | 2,281 |
Crown Castle, Inc. | ||
2.90%, 03/15/27 (a) | 8,000 | 7,323 |
4.15%, 07/01/50 (a) | 3,000 | 2,380 |
5.20%, 02/15/49 (a) | 4,000 | 3,698 |
CSL Finance PLC | ||
4.25%, 04/27/32 (a)(g) | 6,000 | 5,692 |
CSX Corp. | ||
4.50%, 03/15/49 - 08/01/54 (a) | 10,000 | 8,903 |
CubeSmart LP | ||
2.50%, 02/15/32 (a) | 3,000 | 2,383 |
4.38%, 02/15/29 (a) | 3,000 | 2,817 |
CVS Health Corp. | ||
3.00%, 08/15/26 (a) | 4,000 | 3,750 |
3.25%, 08/15/29 (a) | 3,000 | 2,692 |
3.63%, 04/01/27 (a) | 3,000 | 2,847 |
3.75%, 04/01/30 (a) | 3,000 | 2,751 |
4.25%, 04/01/50 (a) | 3,000 | 2,481 |
4.78%, 03/25/38 (a) | 3,000 | 2,765 |
5.00%, 12/01/24 (a) | 6,000 | 5,924 |
5.13%, 07/20/45 (a) | 2,000 | 1,848 |
5.30%, 06/01/33 - 12/05/43 (a) | 9,000 | 8,816 |
Dell International LLC/EMC Corp. | ||
4.00%, 07/15/24 (a) | 4,000 | 3,933 |
6.02%, 06/15/26 (a) | 3,000 | 3,043 |
DH Europe Finance II Sarl | ||
2.60%, 11/15/29 (a) | 2,000 | 1,761 |
3.25%, 11/15/39 (a) | 3,000 | 2,444 |
3.40%, 11/15/49 (a) | 3,000 | 2,350 |
Diamondback Energy, Inc. | ��� | |
3.13%, 03/24/31 (a) | 4,000 | 3,425 |
3.50%, 12/01/29 (a) | 3,000 | 2,704 |
4.40%, 03/24/51 (a) | 3,000 | 2,379 |
Digital Realty Trust LP | ||
3.60%, 07/01/29 (a) | 6,000 | 5,340 |
State Street Income V.I.S. Fund | 9 |
Principal Amount | Fair Value | |
Discovery Communications LLC | ||
3.95%, 03/20/28 (a) | $ 4,000 | $ 3,724 |
4.95%, 05/15/42 (a) | 2,000 | 1,578 |
5.00%, 09/20/37 (a) | 3,000 | 2,564 |
Dollar General Corp. | ||
3.50%, 04/03/30 (a) | 4,000 | 3,583 |
4.13%, 04/03/50 (a) | 4,000 | 3,134 |
Dollar Tree, Inc. | ||
4.00%, 05/15/25 (a) | 5,000 | 4,844 |
Dominion Energy, Inc. | ||
3.07%, 08/15/24 (a)(b) | 5,000 | 4,831 |
3.38%, 04/01/30 (a) | 6,000 | 5,371 |
Dover Corp. | ||
2.95%, 11/04/29 (a) | 3,000 | 2,637 |
Dow Chemical Co. | ||
2.10%, 11/15/30 (a) | 5,000 | 4,131 |
3.60%, 11/15/50 (a) | 3,000 | 2,234 |
4.25%, 10/01/34 (a) | 3,000 | 2,732 |
6.30%, 03/15/33 (a) | 3,000 | 3,224 |
DTE Energy Co. | ||
2.85%, 10/01/26 (a) | 7,000 | 6,448 |
Duke Energy Carolinas LLC | ||
3.95%, 03/15/48 (a) | 3,000 | 2,447 |
Duke Energy Corp. | ||
2.55%, 06/15/31 (a) | 6,000 | 4,967 |
3.30%, 06/15/41 (a) | 7,000 | 5,167 |
3.50%, 06/15/51 (a) | 7,000 | 5,076 |
3.75%, 09/01/46 (a) | 5,000 | 3,798 |
Duke Energy Corp. (4.88% fixed rate until 09/16/24; 3.39% + 5 year CMT Rate thereafter) | ||
4.88%, 09/16/24 (a)(c) | 9,000 | 8,654 |
Duke Energy Progress LLC | ||
4.15%, 12/01/44 (a) | 9,000 | 7,486 |
Duquesne Light Holdings, Inc. | ||
3.62%, 08/01/27 (a)(g) | 7,000 | 6,279 |
Eastman Chemical Co. | ||
4.65%, 10/15/44 (a) | 4,000 | 3,368 |
Eaton Corp. | ||
3.10%, 09/15/27 (a) | 2,000 | 1,876 |
Edison International | ||
4.95%, 04/15/25 (a) | 8,000 | 7,855 |
EIDP, Inc. | ||
2.30%, 07/15/30 (a) | 4,000 | 3,345 |
Electronic Arts, Inc. | ||
1.85%, 02/15/31 (a) | 3,000 | 2,426 |
Elevance Health, Inc. | ||
2.88%, 09/15/29 (a) | 3,000 | 2,646 |
Principal Amount | Fair Value | |
3.60%, 03/15/51 (a) | $ 3,000 | $ 2,296 |
3.70%, 09/15/49 (a) | 3,000 | 2,325 |
Emera U.S. Finance LP | ||
2.64%, 06/15/31 (a) | 8,000 | 6,406 |
Emerson Electric Co. | ||
1.80%, 10/15/27 (a) | 2,000 | 1,773 |
2.75%, 10/15/50 (a) | 2,000 | 1,332 |
Enbridge Energy Partners LP | ||
5.50%, 09/15/40 (a) | 2,000 | 1,887 |
Enbridge, Inc. | ||
1.60%, 10/04/26 (a) | 5,000 | 4,456 |
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 | 8,146 |
Energy Transfer LP | ||
4.50%, 04/15/24 (a) | 2,000 | 1,976 |
4.95%, 06/15/28 (a) | 4,000 | 3,889 |
5.30%, 04/01/44 - 04/15/47 (a) | 7,000 | 6,070 |
5.35%, 05/15/45 (a) | 4,000 | 3,494 |
5.75%, 02/15/33 (a) | 3,000 | 3,019 |
6.50%, 02/01/42 (a) | 4,000 | 4,044 |
Energy Transfer LP (6.75% fixed rate until 05/15/25; 5.13% + 5 year CMT Rate thereafter) | ||
6.75%, 05/15/25 (a)(c) | 19,000 | 17,080 |
Energy Transfer LP/Regency Energy Finance Corp. | ||
4.50%, 11/01/23 (a) | 4,000 | 3,982 |
Enterprise Products Operating LLC | ||
4.25%, 02/15/48 (a) | 6,000 | 5,087 |
Enterprise Products Operating LLC (5.25% fixed rate until 08/16/27; 3.29% + 3 month Term SOFR) | ||
5.25%, 08/16/77 (a)(c) | 3,000 | 2,624 |
EOG Resources, Inc. | ||
4.95%, 04/15/50 (a) | 3,000 | 2,963 |
5.10%, 01/15/36 (a) | 2,000 | 1,926 |
Equinix, Inc. | ||
1.25%, 07/15/25 (a) | 5,000 | 4,566 |
2.15%, 07/15/30 (a) | 4,000 | 3,237 |
Equinor ASA | ||
3.25%, 11/18/49 (a) | 4,000 | 3,004 |
ERP Operating LP | ||
4.50%, 07/01/44 (a) | 8,000 | 7,002 |
10 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Estee Lauder Cos., Inc. | ||
2.38%, 12/01/29 (a) | $ 3,000 | $ 2,593 |
Everest Reinsurance Holdings, Inc. | ||
3.13%, 10/15/52 (a) | 3,000 | 1,986 |
Eversource Energy | ||
3.45%, 01/15/50 (a) | 5,000 | 3,673 |
Exelon Corp. | ||
4.05%, 04/15/30 (a) | 5,000 | 4,687 |
4.45%, 04/15/46 (a) | 5,000 | 4,259 |
4.70%, 04/15/50 (a) | 4,000 | 3,542 |
Exxon Mobil Corp. | ||
2.61%, 10/15/30 (a) | 4,000 | 3,513 |
3.45%, 04/15/51 (a) | 4,000 | 3,122 |
FedEx Corp. | ||
4.10%, 02/01/45 (a) | 6,000 | 4,847 |
Fidelity National Information Services, Inc. | ||
1.15%, 03/01/26 (a) | 4,000 | 3,570 |
1.65%, 03/01/28 (a) | 3,000 | 2,536 |
FirstEnergy Transmission LLC | ��� | |
4.55%, 04/01/49 (a)(g) | 7,000 | 5,816 |
Fiserv, Inc. | ||
3.50%, 07/01/29 (a) | 3,000 | 2,745 |
4.40%, 07/01/49 (a) | 3,000 | 2,524 |
Florida Power & Light Co. | ||
2.85%, 04/01/25 (a) | 7,000 | 6,731 |
4.13%, 02/01/42 (a) | 6,000 | 5,265 |
Flowers Foods, Inc. | ||
2.40%, 03/15/31 (a) | 3,000 | 2,453 |
Flowserve Corp. | ||
2.80%, 01/15/32 (a) | 5,000 | 3,983 |
Freeport-McMoRan, Inc. | ||
4.25%, 03/01/30 (a) | 3,000 | 2,765 |
GA Global Funding Trust | ||
1.63%, 01/15/26 (a)(g) | 3,000 | 2,661 |
General Dynamics Corp. | ||
4.25%, 04/01/50 (a) | 3,000 | 2,751 |
General Mills, Inc. | ||
3.00%, 02/01/51 (a) | 3,000 | 2,123 |
General Motors Co. | ||
5.20%, 04/01/45 (a) | 3,000 | 2,558 |
5.40%, 04/01/48 (a) | 2,000 | 1,725 |
6.13%, 10/01/25 (a) | 4,000 | 4,026 |
6.80%, 10/01/27 (a) | 3,000 | 3,116 |
General Motors Financial Co., Inc. | ||
1.25%, 01/08/26 (a) | 2,000 | 1,787 |
2.35%, 01/08/31 (a) | 4,000 | 3,140 |
Principal Amount | Fair Value | |
5.25%, 03/01/26 (a) | $ 8,000 | $ 7,876 |
5.85%, 04/06/30 (a) | 15,000 | 14,870 |
Genuine Parts Co. | ||
2.75%, 02/01/32 (a) | 3,000 | 2,464 |
George Washington University | ||
4.13%, 09/15/48 (a) | 8,000 | 6,900 |
Georgia-Pacific LLC | ||
1.75%, 09/30/25 (a)(g) | 4,000 | 3,672 |
3.60%, 03/01/25 (a)(g) | 9,000 | 8,687 |
Gilead Sciences, Inc. | ||
2.60%, 10/01/40 (a) | 2,000 | 1,449 |
3.50%, 02/01/25 (a) | 4,000 | 3,879 |
3.65%, 03/01/26 (a) | 2,000 | 1,925 |
4.15%, 03/01/47 (a) | 5,000 | 4,342 |
4.60%, 09/01/35 (a) | 3,000 | 2,896 |
GlaxoSmithKline Capital PLC | ||
3.38%, 06/01/29 (a) | 5,000 | 4,643 |
GlaxoSmithKline Capital, Inc. | ||
3.63%, 05/15/25 (a) | 6,000 | 5,835 |
Glencore Funding LLC | ||
3.88%, 04/27/51 (a)(g) | 4,000 | 2,968 |
Goldman Sachs Group, Inc. | ||
3.85%, 01/26/27 (a) | 4,000 | 3,808 |
4.25%, 10/21/25 (a) | 2,000 | 1,928 |
5.15%, 05/22/45 (a) | 3,000 | 2,795 |
Goldman Sachs Group, Inc. (2.38% fixed rate until 07/21/31; 1.25% + SOFR thereafter) | ||
2.38%, 07/21/32 (a)(c) | 5,000 | 3,999 |
Goldman Sachs Group, Inc. (2.91% fixed rate until 07/21/41; 1.47% + SOFR thereafter) | ||
2.91%, 07/21/42 (a)(c) | 5,000 | 3,527 |
Goldman Sachs Group, Inc. (3.21% fixed rate until 04/22/41; 1.51% + SOFR thereafter) | ||
3.21%, 04/22/42 (a)(c) | 5,000 | 3,694 |
Goldman Sachs Group, Inc. (3.44% fixed rate until 02/24/42; 1.63% + SOFR thereafter) | ||
3.44%, 02/24/43 (a)(c) | 6,000 | 4,557 |
Goldman Sachs Group, Inc. (3.81% fixed rate until 04/23/28; 1.42% + 3 month Term SOFR) | ||
3.81%, 04/23/29 (a)(c) | 4,000 | 3,717 |
State Street Income V.I.S. Fund | 11 |
Principal Amount | Fair Value | |
Goldman Sachs Group, Inc. (4.02% fixed rate until 10/31/37; 1.63% + 3 month Term SOFR) | ||
4.02%, 10/31/38 (a)(c) | $ 2,000 | $ 1,693 |
Goldman Sachs Group, Inc. (4.22% fixed rate until 05/01/28; 1.56% + 3 month Term SOFR) | ||
4.22%, 05/01/29 (a)(c) | 4,000 | 3,779 |
Graphic Packaging International LLC | ||
1.51%, 04/15/26 (a)(g) | 6,000 | 5,355 |
Gray Oak Pipeline LLC | ||
2.00%, 09/15/23 (a)(g) | 5,000 | 4,960 |
2.60%, 10/15/25 (a)(g) | 6,000 | 5,509 |
Halliburton Co. | ||
5.00%, 11/15/45 (a) | 4,000 | 3,620 |
Hartford Financial Services Group, Inc. (7.45% fixed rate until 07/31/23; 2.13% + 3 month USD LIBOR thereafter) | ||
7.45%, 02/12/67 (a)(c)(g) | 4,000 | 3,344 |
HCA, Inc. | ||
3.13%, 03/15/27 (a)(g) | 10,000 | 9,183 |
3.50%, 09/01/30 (a) | 5,000 | 4,380 |
3.63%, 03/15/32 (a)(g) | 3,000 | 2,605 |
4.63%, 03/15/52 (a)(g) | 2,000 | 1,642 |
5.38%, 02/01/25 (a) | 21,000 | 20,820 |
Health Care Service Corp. A Mutual Legal Reserve Co. | ||
2.20%, 06/01/30 (a)(g) | 3,000 | 2,478 |
3.20%, 06/01/50 (a)(g) | 4,000 | 2,831 |
Healthcare Realty Holdings LP | ||
2.00%, 03/15/31 (a) | 3,000 | 2,303 |
Helmerich & Payne, Inc. | ||
2.90%, 09/29/31 (a) | 3,000 | 2,420 |
Hess Corp. | ||
5.60%, 02/15/41 (a) | 2,000 | 1,913 |
5.80%, 04/01/47 (a) | 2,000 | 1,945 |
Hewlett Packard Enterprise Co. | ||
6.35%, 10/15/45 (a) | 3,000 | 3,123 |
Highwoods Realty LP | ||
4.13%, 03/15/28 (a) | 3,000 | 2,628 |
4.20%, 04/15/29 (a) | 4,000 | 3,396 |
Home Depot, Inc. | ||
2.70%, 04/15/30 (a) | 2,000 | 1,777 |
3.35%, 04/15/50 (a) | 3,000 | 2,290 |
3.50%, 09/15/56 (a) | 3,000 | 2,311 |
Principal Amount | Fair Value | |
3.90%, 12/06/28 (a) | $ 4,000 | $ 3,871 |
4.50%, 12/06/48 (a) | 2,000 | 1,855 |
Honeywell International, Inc. | ||
1.75%, 09/01/31 (a) | 5,000 | 4,012 |
2.70%, 08/15/29 (a) | 2,000 | 1,781 |
Hormel Foods Corp. | ||
1.80%, 06/11/30 (a) | 5,000 | 4,177 |
Humana, Inc. | ||
1.35%, 02/03/27 (a) | 3,000 | 2,611 |
2.15%, 02/03/32 (a) | 3,000 | 2,367 |
Huntington Bancshares, Inc. | ||
2.55%, 02/04/30 (a) | 5,000 | 4,008 |
Huntsman International LLC | ||
4.50%, 05/01/29 (a) | 4,000 | 3,662 |
Hyundai Capital America | ||
1.30%, 01/08/26 (a)(g) | 6,000 | 5,367 |
Indiana Michigan Power Co. | ||
3.25%, 05/01/51 (a) | 5,000 | 3,497 |
Ingredion, Inc. | ||
3.90%, 06/01/50 (a) | 2,000 | 1,486 |
Intel Corp. | ||
2.00%, 08/12/31 (a) | 4,000 | 3,262 |
2.45%, 11/15/29 (a) | 6,000 | 5,201 |
2.80%, 08/12/41 (a) | 3,000 | 2,139 |
3.10%, 02/15/60 (a) | 3,000 | 1,920 |
5.63%, 02/10/43 (a) | 3,000 | 3,049 |
5.70%, 02/10/53 (a) | 3,000 | 3,056 |
5.90%, 02/10/63 (a) | 3,000 | 3,094 |
Intercontinental Exchange, Inc. | ||
1.85%, 09/15/32 (a) | 2,000 | 1,540 |
2.65%, 09/15/40 (a) | 2,000 | 1,422 |
Interstate Power & Light Co. | ||
3.40%, 08/15/25 (a) | 8,000 | 7,576 |
ITC Holdings Corp. | ||
2.95%, 05/14/30 (a)(g) | 6,000 | 5,160 |
Jabil, Inc. | ||
3.95%, 01/12/28 (a) | 2,000 | 1,868 |
4.25%, 05/15/27 (a) | 8,000 | 7,627 |
Jacobs Engineering Group, Inc. | ||
5.90%, 03/01/33 (a) | 15,000 | 14,720 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
5.13%, 02/01/28 (a)(g) | 6,000 | 5,757 |
5.75%, 04/01/33 (a)(g) | 3,000 | 2,825 |
John Deere Capital Corp. | ||
2.45%, 01/09/30 (a) | 9,000 | 7,902 |
12 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Johnson & Johnson | ||
3.63%, 03/03/37 (a) | $ 3,000 | $ 2,700 |
Johnson Controls International PLC | ||
4.50%, 02/15/47 (a) | 3,000 | 2,620 |
JPMorgan Chase & Co. (2.96% fixed rate until 05/13/30; 2.52% + 3 month Term SOFR) | ||
2.96%, 05/13/31 (a)(c) | 3,000 | 2,567 |
JPMorgan Chase & Co. (3.16% fixed rate until 04/22/41; 1.46% + SOFR thereafter) | ||
3.16%, 04/22/42 (a)(c) | 4,000 | 3,019 |
JPMorgan Chase & Co. (3.88% fixed rate until 07/24/37; 1.62% + 3 month Term SOFR) | ||
3.88%, 07/24/38 (a)(c) | 2,000 | 1,726 |
JPMorgan Chase & Co. (3.90% fixed rate until 01/23/48; 1.48% + 3 month Term SOFR) | ||
3.90%, 01/23/49 (a)(c) | 10,000 | 8,081 |
JPMorgan Chase & Co. (4.01% fixed rate until 04/23/28; 1.38% + 3 month Term SOFR) | ||
4.01%, 04/23/29 (a)(c) | 4,000 | 3,771 |
JPMorgan Chase & Co. (4.03% fixed rate until 07/24/47; 1.72% + 3 month Term SOFR) | ||
4.03%, 07/24/48 (a)(c) | 3,000 | 2,494 |
JPMorgan Chase & Co. (4.49% fixed rate until 03/24/30; 3.79% + 3 month Term SOFR) | ||
4.49%, 03/24/31 (a)(c) | 4,000 | 3,842 |
JPMorgan Chase & Co. (4.60% fixed rate until 02/01/25; 3.13% + 3 month Term SOFR) | ||
4.60%, 02/01/25 (a)(c) | 6,000 | 5,600 |
Kaiser Foundation Hospitals | ||
3.00%, 06/01/51 (a) | 5,000 | 3,506 |
Kenvue, Inc. | ||
4.90%, 03/22/33 (a)(g) | 26,000 | 26,290 |
5.05%, 03/22/53 (a)(g) | 5,000 | 5,097 |
Keurig Dr Pepper, Inc. | ||
3.20%, 05/01/30 (a) | 3,000 | 2,691 |
Principal Amount | Fair Value | |
3.80%, 05/01/50 (a) | $ 2,000 | $ 1,579 |
Kinder Morgan Energy Partners LP | ||
4.70%, 11/01/42 (a) | 2,000 | 1,661 |
5.00%, 03/01/43 (a) | 2,000 | 1,724 |
6.38%, 03/01/41 (a) | 4,000 | 4,016 |
Kinder Morgan, Inc. | ||
1.75%, 11/15/26 (a) | 8,000 | 7,087 |
5.05%, 02/15/46 (a) | 8,000 | 6,846 |
5.20%, 06/01/33 (a) | 3,000 | 2,906 |
KLA Corp. | ||
3.30%, 03/01/50 (a) | 3,000 | 2,259 |
Kraft Heinz Foods Co. | ||
5.20%, 07/15/45 (a) | 4,000 | 3,795 |
L3Harris Technologies, Inc. | ||
3.85%, 12/15/26 (a) | 4,000 | 3,814 |
Lear Corp. | ||
4.25%, 05/15/29 (a) | 3,000 | 2,816 |
Leidos, Inc. | ||
3.63%, 05/15/25 (a) | 3,000 | 2,877 |
4.38%, 05/15/30 (a) | 5,000 | 4,606 |
5.75%, 03/15/33 (a) | 3,000 | 2,985 |
Liberty Mutual Group, Inc. | ||
3.95%, 05/15/60 (a)(g) | 3,000 | 2,119 |
Life Storage LP | ||
2.20%, 10/15/30 (a) | 6,000 | 4,790 |
Lincoln National Corp. | ||
4.35%, 03/01/48 (a) | 6,000 | 4,332 |
Lincoln National Corp. (9.25% fixed rate until 12/01/27; 5.32% + 5 year CMT Rate thereafter) | ||
9.25%, 12/01/27 (a)(c) | 5,000 | 5,286 |
Lockheed Martin Corp. | ||
4.50%, 05/15/36 (a) | 3,000 | 2,896 |
Lowe's Cos., Inc. | ||
1.30%, 04/15/28 (a) | 3,000 | 2,538 |
1.70%, 09/15/28 - 10/15/30 (a) | 6,000 | 4,956 |
3.00%, 10/15/50 (a) | 3,000 | 1,965 |
4.05%, 05/03/47 (a) | 4,000 | 3,216 |
5.63%, 04/15/53 (a) | 4,000 | 3,994 |
LYB International Finance III LLC | ||
3.63%, 04/01/51 (a) | 3,000 | 2,082 |
Masco Corp. | ||
3.50%, 11/15/27 (a) | 2,000 | 1,872 |
McCormick & Co., Inc. | ||
1.85%, 02/15/31 (a) | 3,000 | 2,377 |
3.25%, 11/15/25 (a) | 7,000 | 6,617 |
State Street Income V.I.S. Fund | 13 |
Principal Amount | Fair Value | |
McDonald's Corp. | ||
3.60%, 07/01/30 (a) | $ 7,000 | $ 6,513 |
3.63%, 09/01/49 (a) | 3,000 | 2,367 |
4.88%, 12/09/45 (a) | 7,000 | 6,691 |
Medtronic Global Holdings SCA | ||
4.50%, 03/30/33 (a) | 16,000 | 15,682 |
Medtronic, Inc. | ||
4.63%, 03/15/45 (a) | 2,000 | 1,943 |
Memorial Sloan-Kettering Cancer Center | ||
4.13%, 07/01/52 (a) | 7,000 | 5,937 |
Merck & Co., Inc. | ||
1.90%, 12/10/28 (a) | 10,000 | 8,735 |
2.45%, 06/24/50 (a) | 3,000 | 1,965 |
2.75%, 12/10/51 (a) | 3,000 | 2,070 |
4.00%, 03/07/49 (a) | 2,000 | 1,768 |
4.50%, 05/17/33 (a) | 10,000 | 9,925 |
5.00%, 05/17/53 (a) | 3,000 | 3,038 |
Meta Platforms, Inc. | ||
3.85%, 08/15/32 (a) | 6,000 | 5,573 |
4.45%, 08/15/52 (a) | 4,000 | 3,483 |
MetLife, Inc. | ||
4.72%, 12/15/44 (a) | 5,000 | 4,445 |
Microchip Technology, Inc. | ||
2.67%, 09/01/23 (a) | 6,000 | 5,968 |
Micron Technology, Inc. | ||
3.37%, 11/01/41 (a) | 3,000 | 2,093 |
3.48%, 11/01/51 (a) | 3,000 | 1,999 |
Microsoft Corp. | ||
2.40%, 08/08/26 (a) | 4,000 | 3,754 |
2.68%, 06/01/60 (a) | 3,000 | 2,009 |
2.92%, 03/17/52 (a) | 5,000 | 3,716 |
3.45%, 08/08/36 (a) | 3,000 | 2,735 |
3.50%, 02/12/35 (a) | 3,000 | 2,807 |
Mid-America Apartments LP | ||
2.88%, 09/15/51 (a) | 5,000 | 3,244 |
Molson Coors Beverage Co. | ||
4.20%, 07/15/46 (a) | 4,000 | 3,296 |
Morgan Stanley | ||
3.97%, 07/22/38 (a)(c) | 7,000 | 5,938 |
Morgan Stanley (1.51% fixed rate until 07/20/26; 0.86% + SOFR thereafter) | ||
1.51%, 07/20/27 (a)(c) | 6,000 | 5,317 |
Morgan Stanley (2.48% fixed rate until 09/16/31; 1.36% + SOFR thereafter) | ||
2.48%, 09/16/36 (a)(c) | 10,000 | 7,569 |
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) | $ 11,000 | $ 7,225 |
MPLX LP | ||
2.65%, 08/15/30 (a) | 3,000 | 2,513 |
Mylan, Inc. | ||
5.20%, 04/15/48 (a) | 3,000 | 2,334 |
Newmont Corp. | ||
4.88%, 03/15/42 (a) | 3,000 | 2,788 |
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 | 4,651 |
NGPL PipeCo LLC | ||
3.25%, 07/15/31 (a)(g) | 6,000 | 4,950 |
NIKE, Inc. | ||
3.38%, 03/27/50 (a) | 2,000 | 1,620 |
NiSource, Inc. | ||
3.60%, 05/01/30 (a) | 5,000 | 4,504 |
3.95%, 03/30/48 (a) | 2,000 | 1,605 |
5.25%, 03/30/28 (a) | 20,000 | 20,020 |
NNN REIT, Inc. | ||
4.00%, 11/15/25 (a) | 4,000 | 3,808 |
Norfolk Southern Corp. | ||
3.95%, 10/01/42 (a) | 4,000 | 3,279 |
Northern Trust Corp. | ||
6.13%, 11/02/32 (a) | 3,000 | 3,109 |
Northwestern Mutual Life Insurance Co. | ||
3.45%, 03/30/51 (a)(g) | 10,000 | 7,153 |
NOV, Inc. | ||
3.60%, 12/01/29 (a) | 3,000 | 2,675 |
Novant Health, Inc. | ||
3.32%, 11/01/61 (a) | 5,000 | 3,458 |
Novartis Capital Corp. | ||
2.20%, 08/14/30 (a) | 4,000 | 3,462 |
3.00%, 11/20/25 (a) | 3,000 | 2,871 |
Nutrien Ltd. | ||
4.90%, 03/27/28 - 06/01/43 (a) | 14,000 | 13,413 |
NVIDIA Corp. | ||
2.85%, 04/01/30 (a) | 4,000 | 3,628 |
3.50%, 04/01/50 (a) | 2,000 | 1,625 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
3.25%, 11/30/51 (a) | 5,000 | 3,347 |
14 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Occidental Petroleum Corp. | ||
6.13%, 01/01/31 (a) | $ 8,000 | $ 8,122 |
Oklahoma Gas & Electric Co. | ||
3.25%, 04/01/30 (a) | 3,000 | 2,670 |
Oncor Electric Delivery Co. LLC | ||
3.80%, 09/30/47 (a) | 2,000 | 1,608 |
ONEOK, Inc. | ||
4.35%, 03/15/29 (a) | 4,000 | 3,722 |
6.10%, 11/15/32 (a) | 3,000 | 3,052 |
Oracle Corp. | ||
2.95%, 04/01/30 (a) | 7,000 | 6,111 |
3.60%, 04/01/50 (a) | 4,000 | 2,856 |
3.65%, 03/25/41 (a) | 3,000 | 2,311 |
3.80%, 11/15/37 (a) | 3,000 | 2,453 |
3.95%, 03/25/51 (a) | 3,000 | 2,265 |
4.00%, 07/15/46 - 11/15/47 (a) | 7,000 | 5,388 |
4.10%, 03/25/61 (a) | 3,000 | 2,208 |
5.55%, 02/06/53 (a) | 3,000 | 2,907 |
6.15%, 11/09/29 (a) | 8,000 | 8,334 |
6.90%, 11/09/52 (a) | 3,000 | 3,362 |
Otis Worldwide Corp. | ||
2.06%, 04/05/25 (a) | 3,000 | 2,829 |
2.57%, 02/15/30 (a) | 3,000 | 2,587 |
3.36%, 02/15/50 (a) | 3,000 | 2,196 |
Owens Corning | ||
4.40%, 01/30/48 (a) | 3,000 | 2,483 |
Pacific Gas & Electric Co. | ||
2.10%, 08/01/27 (a) | 3,000 | 2,573 |
2.50%, 02/01/31 (a) | 4,000 | 3,138 |
3.00%, 06/15/28 (a) | 5,000 | 4,331 |
3.30%, 08/01/40 (a) | 4,000 | 2,700 |
3.50%, 08/01/50 (a) | 3,000 | 1,913 |
4.30%, 03/15/45 (a) | 5,000 | 3,564 |
PacifiCorp | ||
2.70%, 09/15/30 (a) | 3,000 | 2,499 |
2.90%, 06/15/52 (a) | 8,000 | 4,993 |
6.25%, 10/15/37 (a) | 2,000 | 1,999 |
Paramount Global | ||
2.90%, 01/15/27 (a) | 3,000 | 2,699 |
3.70%, 06/01/28 (a) | 2,000 | 1,780 |
5.25%, 04/01/44 (a) | 3,000 | 2,279 |
Parker-Hannifin Corp. | ||
3.25%, 06/14/29 (a) | 3,000 | 2,730 |
4.50%, 09/15/29 (a) | 3,000 | 2,917 |
PayPal Holdings, Inc. | ||
2.65%, 10/01/26 (a) | 4,000 | 3,720 |
3.25%, 06/01/50 (a) | 2,000 | 1,447 |
Principal Amount | Fair Value | |
PepsiCo, Inc. | ||
1.63%, 05/01/30 (a) | $ 3,000 | $ 2,498 |
2.75%, 10/21/51 (a) | 5,000 | 3,592 |
Petroleos Mexicanos | ||
5.35%, 02/12/28 (a) | 10,000 | 8,202 |
6.70%, 02/16/32 (a) | 10,000 | 7,618 |
7.69%, 01/23/50 (a) | 10,000 | 6,771 |
Pfizer Investment Enterprises Pte. Ltd. | ||
4.45%, 05/19/28 (a) | 14,000 | 13,770 |
4.75%, 05/19/33 (a) | 10,000 | 9,966 |
5.34%, 05/19/63 (a) | 5,000 | 5,060 |
Pfizer, Inc. | ||
2.70%, 05/28/50 (a) | 6,000 | 4,225 |
3.90%, 03/15/39 (a) | 3,000 | 2,686 |
4.40%, 05/15/44 (a) | 2,000 | 1,898 |
Philip Morris International, Inc. | ||
1.50%, 05/01/25 (a) | 4,000 | 3,741 |
2.10%, 05/01/30 (a) | 3,000 | 2,483 |
4.13%, 03/04/43 (a) | 2,000 | 1,633 |
5.13%, 02/15/30 (a) | 16,000 | 15,825 |
5.38%, 02/15/33 (a) | 5,000 | 4,991 |
5.63%, 11/17/29 (a) | 7,000 | 7,132 |
Phillips 66 Co. | ||
2.15%, 12/15/30 (a) | 6,000 | 4,897 |
3.15%, 12/15/29 (a) | 6,000 | 5,237 |
3.30%, 03/15/52 (a) | 3,000 | 2,063 |
3.75%, 03/01/28 (a) | 3,000 | 2,813 |
4.68%, 02/15/45 (a) | 4,000 | 3,417 |
Pilgrim's Pride Corp. | ||
6.25%, 07/01/33 (a) | 5,000 | 4,864 |
Pioneer Natural Resources Co. | ||
1.13%, 01/15/26 (a) | 9,000 | 8,114 |
2.15%, 01/15/31 (a) | 5,000 | 4,094 |
Plains All American Pipeline LP/PAA Finance Corp. | ||
3.55%, 12/15/29 (a) | 3,000 | 2,642 |
Precision Castparts Corp. | ||
4.38%, 06/15/45 (a) | 4,000 | 3,576 |
Progressive Corp. | ||
3.00%, 03/15/32 (a) | 8,000 | 6,991 |
Prologis LP | ||
3.05%, 03/01/50 (a) | 5,000 | 3,450 |
3.25%, 06/30/26 (a) | 4,000 | 3,791 |
Prospect Capital Corp. | ||
3.36%, 11/15/26 (a) | 7,000 | 5,896 |
Prudential Financial, Inc. | ||
3.94%, 12/07/49 (a) | 5,000 | 3,983 |
State Street Income V.I.S. Fund | 15 |
Principal Amount | Fair Value | |
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) | $ 5,000 | $ 4,804 |
Public Service Co. of Colorado | ||
3.70%, 06/15/28 (a) | 5,000 | 4,743 |
PVH Corp. | ||
4.63%, 07/10/25 (a) | 5,000 | 4,831 |
QUALCOMM, Inc. | ||
4.30%, 05/20/47 (a) | 3,000 | 2,716 |
4.50%, 05/20/52 (a) | 4,000 | 3,640 |
Quanta Services, Inc. | ||
2.35%, 01/15/32 (a) | 3,000 | 2,361 |
3.05%, 10/01/41 (a) | 3,000 | 2,082 |
Raytheon Technologies Corp. | ||
1.90%, 09/01/31 (a) | 5,000 | 3,996 |
2.82%, 09/01/51 (a) | 3,000 | 2,015 |
3.95%, 08/16/25 (a) | 2,000 | 1,959 |
4.15%, 05/15/45 (a) | 3,000 | 2,558 |
4.45%, 11/16/38 (a) | 2,000 | 1,844 |
Realty Income Corp. | ||
2.85%, 12/15/32 (a) | 3,000 | 2,445 |
3.00%, 01/15/27 (a) | 3,000 | 2,772 |
3.25%, 01/15/31 (a) | 3,000 | 2,623 |
Regeneron Pharmaceuticals, Inc. | ||
1.75%, 09/15/30 (a) | 6,000 | 4,782 |
RenaissanceRe Holdings Ltd. | ||
5.75%, 06/05/33 (a) | 8,000 | 7,835 |
Republic Services, Inc. | ||
5.00%, 04/01/34 (a) | 5,000 | 4,984 |
Reynolds American, Inc. | ||
4.45%, 06/12/25 (a) | 4,000 | 3,889 |
Rio Tinto Finance USA PLC | ||
4.13%, 08/21/42 (a) | 4,000 | 3,514 |
Rockwell Automation, Inc. | ||
4.20%, 03/01/49 (a) | 2,000 | 1,789 |
Rogers Communications, Inc. | ||
5.00%, 03/15/44 (a) | 2,000 | 1,771 |
Roper Technologies, Inc. | ||
2.95%, 09/15/29 (a) | 2,000 | 1,770 |
Ross Stores, Inc. | ||
4.70%, 04/15/27 (a) | 3,000 | 2,924 |
Royalty Pharma PLC | ||
0.75%, 09/02/23 (a) | 5,000 | 4,952 |
1.20%, 09/02/25 (a) | 5,000 | 4,515 |
1.75%, 09/02/27 (a) | 3,000 | 2,583 |
2.20%, 09/02/30 (a) | 3,000 | 2,413 |
Principal Amount | Fair Value | |
RPM International, Inc. | ||
3.75%, 03/15/27 (a) | $ 2,000 | $ 1,877 |
Ryder System, Inc. | ||
2.90%, 12/01/26 (a) | 5,000 | 4,576 |
Salesforce, Inc. | ||
1.95%, 07/15/31 (a) | 6,000 | 4,953 |
2.70%, 07/15/41 (a) | 3,000 | 2,198 |
Schlumberger Holdings Corp. | ||
3.90%, 05/17/28 (a)(g) | 4,000 | 3,768 |
Schlumberger Investment SA | ||
4.85%, 05/15/33 (a) | 10,000 | 9,857 |
Sealed Air Corp. | ||
1.57%, 10/15/26 (a)(g) | 10,000 | 8,705 |
Selective Insurance Group, Inc. | ||
5.38%, 03/01/49 (a) | 3,000 | 2,767 |
Sempra Energy | �� | |
3.80%, 02/01/38 (a) | 2,000 | 1,657 |
4.00%, 02/01/48 (a) | 4,000 | 3,111 |
Sempra Energy (4.13% fixed rate until 01/01/27; 2.87% + 5 year CMT Rate thereafter) | ||
4.13%, 04/01/52 (a)(c) | 7,000 | 5,667 |
Shell International Finance BV | ||
3.75%, 09/12/46 (a) | 6,000 | 4,898 |
Shire Acquisitions Investments Ireland DAC | ||
2.88%, 09/23/23 (a) | 2,000 | 1,986 |
3.20%, 09/23/26 (a) | 3,000 | 2,816 |
Simon Property Group LP | ||
3.38%, 06/15/27 (a) | 4,000 | 3,718 |
Sonoco Products Co. | ||
2.85%, 02/01/32 (a) | 3,000 | 2,499 |
Southern California Edison Co. | ||
4.00%, 04/01/47 (a) | 9,000 | 7,173 |
4.20%, 03/01/29 (a) | 8,000 | 7,606 |
Southern Co. | ||
3.70%, 04/30/30 (a) | 6,000 | 5,510 |
Southern Co. Gas Capital Corp. | ||
3.95%, 10/01/46 (a) | 4,000 | 3,087 |
4.40%, 05/30/47 (a) | 2,000 | 1,661 |
Southwest Airlines Co. | ||
2.63%, 02/10/30 (a) | 7,000 | 5,962 |
Southwestern Electric Power Co. | ||
2.75%, 10/01/26 (a) | 5,000 | 4,601 |
Spectra Energy Partners LP | ||
3.38%, 10/15/26 (a) | 2,000 | 1,879 |
16 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
4.50%, 03/15/45 (a) | $ 3,000 | $ 2,470 |
Stanley Black & Decker, Inc. | ||
3.00%, 05/15/32 (a) | 3,000 | 2,550 |
Starbucks Corp. | ||
4.00%, 11/15/28 (a) | 4,000 | 3,839 |
Stryker Corp. | ||
1.95%, 06/15/30 (a) | 7,000 | 5,851 |
Suncor Energy, Inc. | ||
4.00%, 11/15/47 (a) | 3,000 | 2,321 |
Sysco Corp. | ||
3.25%, 07/15/27 (a) | 2,000 | 1,869 |
Take-Two Interactive Software, Inc. | ||
3.70%, 04/14/27 (a) | 15,000 | 14,210 |
4.00%, 04/14/32 (a) | 3,000 | 2,749 |
Tampa Electric Co. | ||
2.40%, 03/15/31 (a) | 8,000 | 6,557 |
3.45%, 03/15/51 (a) | 5,000 | 3,588 |
4.35%, 05/15/44 (a) | 6,000 | 5,059 |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||
5.00%, 01/15/28 (a) | 8,000 | 7,661 |
Target Corp. | ||
1.95%, 01/15/27 (a) | 2,000 | 1,831 |
Teck Resources Ltd. | ||
5.40%, 02/01/43 (a) | 2,000 | 1,818 |
Texas Instruments, Inc. | ||
3.88%, 03/15/39 (a) | 4,000 | 3,587 |
Thermo Fisher Scientific, Inc. | ||
2.80%, 10/15/41 (a) | 5,000 | 3,722 |
Time Warner Cable LLC | ||
6.55%, 05/01/37 (a) | 3,000 | 2,885 |
T-Mobile USA, Inc. | ||
3.50%, 04/15/31 (a) | 17,000 | 14,994 |
3.75%, 04/15/27 (a) | 4,000 | 3,789 |
4.50%, 04/15/50 (a) | 3,000 | 2,578 |
4.80%, 07/15/28 (a) | 15,000 | 14,723 |
Toronto-Dominion Bank | ||
3.20%, 03/10/32 (a) | 11,000 | 9,510 |
4.46%, 06/08/32 (a) | 3,000 | 2,850 |
Toronto-Dominion Bank (3.63% fixed rate until 09/15/26; 2.21% + 5 year Swap Rate thereafter) | ||
3.63%, 09/15/31 (a)(c) | 6,000 | 5,527 |
TotalEnergies Capital International SA | ||
3.46%, 02/19/29 (a) | 3,000 | 2,801 |
Principal Amount | Fair Value | |
Tractor Supply Co. | ||
5.25%, 05/15/33 (a) | $ 5,000 | $ 4,957 |
Trane Technologies Luxembourg Finance SA | ||
3.55%, 11/01/24 (a) | 5,000 | 4,851 |
3.80%, 03/21/29 (a) | 4,000 | 3,768 |
TransCanada PipeLines Ltd. | ||
4.25%, 05/15/28 (a) | 7,000 | 6,681 |
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 | 8,611 |
Transcontinental Gas Pipe Line Co. LLC | ||
4.00%, 03/15/28 (a) | 4,000 | 3,766 |
Travelers Cos., Inc. | ||
2.55%, 04/27/50 (a) | 4,000 | 2,577 |
Truist Financial Corp. (4.80% fixed rate until 09/01/24; 3.00% + 5 year CMT Rate thereafter) | ||
4.80%, 09/01/24 (a)(c) | 9,000 | 7,627 |
TWDC Enterprises 18 Corp. | ||
4.13%, 06/01/44 (a) | 4,000 | 3,512 |
Tyco Electronics Group SA | ||
3.13%, 08/15/27 (a) | 3,000 | 2,806 |
Tyson Foods, Inc. | ||
4.00%, 03/01/26 (a) | 3,000 | 2,898 |
U.S. Bancorp (4.97% fixed rate until 07/22/32; 2.11% + SOFR thereafter) | ||
4.97%, 07/22/33 (a)(c) | 11,000 | 9,974 |
UDR, Inc. | ||
2.10%, 08/01/32 (a) | 3,000 | 2,281 |
3.00%, 08/15/31 (a) | 3,000 | 2,549 |
Union Pacific Corp. | ||
3.55%, 05/20/61 (a) | 4,000 | 2,960 |
3.80%, 04/06/71 (a) | 5,000 | 3,832 |
4.10%, 09/15/67 (a) | 5,000 | 4,143 |
UnitedHealth Group, Inc. | ||
2.00%, 05/15/30 (a) | 6,000 | 5,053 |
4.20%, 05/15/32 (a) | 3,000 | 2,863 |
4.45%, 12/15/48 (a) | 4,000 | 3,646 |
4.75%, 07/15/45 - 05/15/52 (a) | 8,000 | 7,623 |
5.05%, 04/15/53 (a) | 5,000 | 4,964 |
5.20%, 04/15/63 (a) | 5,000 | 4,988 |
Utah Acquisition Sub, Inc. | ||
3.95%, 06/15/26 (a) | 21,000 | 19,942 |
State Street Income V.I.S. Fund | 17 |
Principal Amount | Fair Value | |
Vale Overseas Ltd. | ||
6.13%, 06/12/33 (a) | $ 5,000 | $ 5,012 |
Ventas Realty LP | ||
3.25%, 10/15/26 (a) | 7,000 | 6,417 |
Verizon Communications, Inc. | ||
2.36%, 03/15/32 (a) | 6,000 | 4,826 |
3.00%, 03/22/27 (a) | 4,000 | 3,737 |
3.40%, 03/22/41 (a) | 4,000 | 3,085 |
3.55%, 03/22/51 (a) | 3,000 | 2,240 |
3.70%, 03/22/61 (a) | 6,000 | 4,364 |
4.40%, 11/01/34 (a) | 3,000 | 2,767 |
Viatris, Inc. | ||
1.65%, 06/22/25 (a) | 16,000 | 14,729 |
4.00%, 06/22/50 (a) | 4,000 | 2,646 |
Virginia Electric & Power Co. | ||
4.00%, 11/15/46 (a) | 5,000 | 3,975 |
Visa, Inc. | ||
2.70%, 04/15/40 (a) | 4,000 | 3,069 |
Vistra Operations Co. LLC | ||
3.55%, 07/15/24 (a)(g) | 6,000 | 5,795 |
Vontier Corp. | ||
2.40%, 04/01/28 (a) | 6,000 | 5,009 |
2.95%, 04/01/31 (a) | 4,000 | 3,199 |
Vornado Realty LP | ||
2.15%, 06/01/26 (a) | 4,000 | 3,388 |
Vulcan Materials Co. | ||
3.90%, 04/01/27 (a) | 2,000 | 1,923 |
Walmart, Inc. | ||
1.80%, 09/22/31 (a) | 3,000 | 2,491 |
2.50%, 09/22/41 (a) | 3,000 | 2,235 |
Walt Disney Co. | ||
2.65%, 01/13/31 (a) | 4,000 | 3,481 |
3.38%, 11/15/26 (a) | 3,000 | 2,855 |
3.60%, 01/13/51 (a) | 2,000 | 1,592 |
4.75%, 11/15/46 (a) | 2,000 | 1,885 |
6.65%, 11/15/37 (a) | 4,000 | 4,632 |
Warnermedia Holdings, Inc. | ||
4.28%, 03/15/32 (a) | 17,000 | 15,063 |
Waste Connections, Inc. | ||
2.20%, 01/15/32 (a) | 3,000 | 2,426 |
2.95%, 01/15/52 (a) | 3,000 | 2,057 |
WEC Energy Group, Inc. | ||
3.55%, 06/15/25 (a) | 2,000 | 1,913 |
Wells Fargo & Co. | ||
4.15%, 01/24/29 (a) | 7,000 | 6,633 |
4.75%, 12/07/46 (a) | 2,000 | 1,701 |
5.88%, 06/15/25 (a)(c) | 13,000 | 12,757 |
Principal Amount | Fair Value | |
Wells Fargo & Co. (2.19% fixed rate until 04/30/25; 2.00% + SOFR thereafter) | ||
2.19%, 04/30/26 (a)(c) | $ 8,000 | $ 7,498 |
Wells Fargo & Co. (2.39% fixed rate until 06/02/27; 2.10% + SOFR thereafter) | ||
2.39%, 06/02/28 (a)(c) | 2,000 | 1,784 |
Wells Fargo & Co. (3.07% fixed rate until 04/30/40; 2.53% + SOFR thereafter) | ||
3.07%, 04/30/41 (a)(c) | 7,000 | 5,136 |
Westlake Corp. | ||
2.88%, 08/15/41 (a) | 3,000 | 2,001 |
3.13%, 08/15/51 (a) | 3,000 | 1,881 |
3.38%, 08/15/61 (a) | 2,000 | 1,219 |
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 | 6,543 |
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) | 3,000 | 2,617 |
Weyerhaeuser Co. | ||
4.00%, 03/09/52 (a) | 3,000 | 2,395 |
Williams Cos., Inc. | ||
3.75%, 06/15/27 (a) | 3,000 | 2,833 |
4.85%, 03/01/48 (a) | 3,000 | 2,611 |
4.90%, 01/15/45 (a) | 4,000 | 3,499 |
5.40%, 03/04/44 (a) | 2,000 | 1,847 |
Willis North America, Inc. | ||
3.88%, 09/15/49 (a) | 4,000 | 2,910 |
Workday, Inc. | ||
3.50%, 04/01/27 (a) | 3,000 | 2,844 |
3.70%, 04/01/29 (a) | 8,000 | 7,422 |
WPP Finance 2010 | ||
3.75%, 09/19/24 (a) | 8,000 | 7,760 |
Xcel Energy, Inc. | ||
3.40%, 06/01/30 (a) | 3,000 | 2,673 |
Yamana Gold, Inc. | ||
2.63%, 08/15/31 (a) | 4,000 | 3,118 |
Zoetis, Inc. | ||
3.00%, 09/12/27 (a) | 3,000 | 2,795 |
3.90%, 08/20/28 (a) | 4,000 | 3,839 |
5.60%, 11/16/32 (a) | 10,000 | 10,453 |
3,079,411 |
18 | State Street Income V.I.S. Fund |
Principal Amount | Fair Value | |
Non-Agency Collateralized Mortgage Obligations - 6.5% | ||
Bank | ||
3.18%, 09/15/60 (a) | $ 158,000 | $ 142,494 |
4.41%, 11/15/61 (a)(c) | 66,000 | 62,607 |
BPR Trust 1.90% + 1 month Term SOFR | ||
7.05%, 04/15/37 (a)(c)(g) | 24,770 | 24,116 |
Cantor Commercial Real Estate Lending | ||
3.01%, 01/15/53 (a) | 34,000 | 29,164 |
CD Mortgage Trust | ||
2.91%, 08/15/57 (a) | 63,000 | 53,826 |
Citigroup Commercial Mortgage Trust | ||
4.03%, 12/10/49 (a)(c) | 31,273 | 28,490 |
COMM Mortgage Trust | ||
4.53%, 02/10/47 (a)(c) | 25,000 | 24,390 |
GS Mortgage Securities Trust | ||
2.75%, 09/10/52 (a) | 105,000 | 89,292 |
3.05%, 11/10/52 (a) | 56,000 | 48,343 |
4.14%, 03/10/51 (a)(c) | 25,000 | 22,471 |
4.56%, 11/10/48 (a)(c) | 25,000 | 18,794 |
JPMBB Commercial Mortgage Securities Trust | ||
4.81%, 11/15/48 (a)(c) | 20,000 | 15,175 |
MASTR Alternative Loan Trust | ||
5.00%, 08/25/18 (a)(e) | 718 | 39 |
Morgan Stanley Bank of America Merrill Lynch Trust | ||
0.98%, 03/15/48 (a)(c)(e) | 310,143 | 2,801 |
Wells Fargo Commercial Mortgage Trust | ||
4.32%, 08/15/50 (a) | 28,250 | 21,499 |
WFRBS Commercial Mortgage Trust | ||
4.26%, 12/15/46 (a) | 25,000 | 24,757 |
4.35%, 03/15/47 (a)(c) | 58,000 | 56,819 |
665,077 | ||
Sovereign Bonds - 0.6% | ||
Mexico Government International Bonds | ||
4.75%, 03/08/44 (a) | 20,000 | 17,167 |
Peruvian Government International Bonds | ||
1.86%, 12/01/32 (a) | 10,000 | 7,704 |
2.78%, 12/01/60 (a) | 15,000 | 9,137 |
5.63%, 11/18/50 (a) | 11,000 | 11,280 |
Principal Amount | Fair Value | |
Uruguay Government International Bonds | ||
5.10%, 06/18/50 (a) | $ 14,040 | $ 14,023 |
59,311 | ||
Municipal Bonds and Notes - 0.7% | ||
American Municipal Power, Inc., OH | ||
6.27%, 02/15/50 (a) | 15,000 | 16,453 |
Board of Regents of the University of Texas System, TX | ||
3.35%, 08/15/47 (a) | 10,000 | 8,048 |
Port Authority of New York & New Jersey, NY | ||
4.46%, 10/01/62 (a) | 25,000 | 22,836 |
State of California, CA | ||
4.60%, 04/01/38 (a) | 15,000 | 14,379 |
State of Illinois, IL | ||
5.10%, 06/01/33 (a) | 10,000 | 9,827 |
71,543 | ||
Total Bonds and Notes (Cost $10,838,164) | 9,917,176 | |
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) (a)(c) | 932 | 23,309 |
Total Investments in Securities (Cost $10,861,464) | 9,940,485 | |
Short-Term Investments - 18.6% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 5.07% (h)(i) (Cost $1,901,878) | 1,901,878 | 1,901,878 |
Total Investments (Cost $12,763,342) | 11,842,363 | |
Liabilities in Excess of Other Assets, net - (15.7)% | (1,607,669) | |
NET ASSETS - 100.0% | $ 10,234,694 |
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) |
Buy Protection | |||||||
Markit CDX North America High Yield Index | Intercontinental Exchange | $404 | 5.00%/ Quarterly | 12/20/27 | $13,142 | $(14,443) | $27,585 |
The Fund had the following long futures contracts open at June 30, 2023: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
2 Yr. U.S. Treasury Notes Futures | September 2023 | 4 | $ 825,164 | $ 813,409 | $ (11,755) |
5 Yr. U.S. Treasury Notes Futures | September 2023 | 11 | 1,198,639 | 1,178,031 | (20,608) |
10 Yr. U.S. Treasury Ultra Futures | September 2023 | 6 | 716,746 | 710,625 | (6,121) |
$ (38,484) |
The Fund had the following short futures contracts open at June 30, 2023: |
Description | Expiration date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
10 Yr. U.S. Treasury Notes Futures | September 2023 | 4 | $ (457,498) | $ (449,062) | $ 8,436 |
U.S. Ultra Bond Futures | September 2023 | 1 | (134,467) | (136,219) | (1,752) |
$ 6,684 |
During the period ended June 30, 2023, average notional values related to derivative contracts were as follows: | |||
Long Futures Contracts | Short Futures Contracts | Credit Default Swap Contracts | |
Average Notional Value | $1,920,233 | $612,942 | $407,355 |
(a) | At June 30, 2023, all or a portion of this security was pledged to cover collateral requirements for futures, swaps and/or TBAs. |
(b) | Step coupon bond. |
(c) | Variable Rate Security - Interest rate shown is rate in effect at June 30, 2023. 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. |
20 | State Street Income V.I.S. Fund |
(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, 2023, these securities amounted to $233,998 or 2.29% 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, 2023. |
** | Amount is less than $0.50. |
* | Less than 0.05%. |
Abbreviations: |
CMT - Constant Maturity Treasury |
LIBOR - London Interbank Offered Rate |
REIT - Real Estate Investment Trust |
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 | $ — | $ 2,802,794 | $ — | $ 2,802,794 | |||
Agency Mortgage Backed | — | 3,131,584 | — | 3,131,584 | |||
Agency Collateralized Mortgage Obligations | — | 104,648 | — | 104,648 | |||
Asset Backed | — | 2,808 | — | 2,808 | |||
Corporate Notes | — | 3,079,411 | — | 3,079,411 | |||
Non-Agency Collateralized Mortgage Obligations | — | 665,077 | — | 665,077 | |||
Sovereign Bonds | — | 59,311 | — | 59,311 | |||
Municipal Bonds and Notes | — | 71,543 | — | 71,543 | |||
Preferred Stock | 23,309 | — | — | 23,309 | |||
Short-Term Investments | 1,901,878 | — | — | 1,901,878 | |||
Total Investments in Securities | $ 1,925,187 | $ 9,917,176 | $ — | $ 11,842,363 | |||
Other Financial Instruments | |||||||
Credit Default Swap Contracts - Unrealized Appreciation | $ — | $ 27,585 | $ — | $ 27,585 | |||
Long Futures Contracts - Unrealized Depreciation | (38,484) | — | — | (38,484) | |||
Short Futures Contracts - Unrealized Appreciation | 8,436 | — | — | 8,436 | |||
Short Futures Contracts - Unrealized Depreciation | (1,752) | — | — | (1,752) | |||
Total Other Financial Instruments | $ (31,800) | $ 27,585 | $ — | $ (4,215) |
State Street Income V.I.S. Fund | 21 |
Affiliate Table |
Number of Shares Held at 12/31/22 | Value at 12/31/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/23 | Value at 6/30/23 | Dividend Income | |
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 2,022,424 | $2,022,424 | $2,387,401 | $2,507,947 | $— | $— | 1,901,878 | $1,901,878 | $46,908 |
22 | State Street Income V.I.S. Fund |
6/30/23 (a) | 12/31/22 | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | ||||||
Inception date | 1/3/95 | ||||||||||
Net asset value, beginning of period | $ 9.73 | $ 11.86 | $ 12.48 | $ 12.00 | $ 11.07 | $ 11.49 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income(b) | 0.12 | 0.17 | 0.12 | 0.19 | 0.24 | 0.25 | |||||
Net realized and unrealized gains/(losses) on investments | 0.04 | (1.87) | (0.35) | 0.65 | 0.71 | (0.41) | |||||
Total income/(loss) from investment operations | 0.16 | (1.70) | (0.23) | 0.84 | 0.95 | (0.16) | |||||
Less distributions from: | |||||||||||
Net investment income | — | (0.29) | (0.28) | (0.32) | (0.02) | (0.26) | |||||
Net realized gains | — | (0.14) | (0.11) | (0.04) | — | — | |||||
Total distributions | — | (0.43) | (0.39) | (0.36) | (0.02) | (0.26) | |||||
Net asset value, end of period | $ 9.89 | $ 9.73 | $ 11.86 | $ 12.48 | $ 12.00 | $ 11.07 | |||||
Total Return(c) | 1.64% | (14.38)% | (1.81)% | 7.03% | 8.62% | (1.42)% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $10,235 | $10,616 | $14,766 | $17,435 | $17,112 | $18,685 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 1.35% (d) | 1.24% | 1.06% | 1.06% | 1.06% | 1.00% | |||||
Gross expenses | 1.35% (d) | 1.24% | 1.06% | 1.06% | 1.06% | 1.00% | |||||
Net investment income | 2.51% (d) | 1.62% | 1.01% | 1.50% | 2.05% | 2.25% | |||||
Portfolio turnover rate | 30% (e) | 51% (e) | 81% (e) | 120% (e) | 90% | 182% |
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 6/30/23 and fiscal years ended 12/31/22 12/31/21 and 12/31/20 did not include To-Be-Announced transactions and, if it had, the portfolio turnover would have been 133%, 178%, 183% and 277%, respectively. |
Financial Highlights | 23 |
Assets | |
Investments in securities, at fair value (cost $10,861,464) | $ 9,940,485 |
Short-term affiliated investments, at fair value (cost $1,901,878) | 1,901,878 |
Cash | 1,125 |
Net cash collateral on deposit with broker for future contracts | 31,617 |
Receivable for investments sold | 343,961 |
Income receivables | 64,764 |
Receivable for fund shares sold | 290 |
Income receivable from affiliated investments | 8,419 |
Receivable for accumulated variation margin on swap contracts | 13,760 |
Total assets | 12,306,299 |
Liabilities | |
Net cash collateral on swap contracts due to broker | 10,669 |
Payable for investments purchased | 1,977,403 |
Payable for fund shares redeemed | 661 |
Payable for accumulated variation margin on futures contracts | 31,785 |
Payable to the Adviser | 4,107 |
Payable for custody, fund accounting and sub-administration fees | 17,336 |
Accrued other expenses | 29,644 |
Total liabilities | 2,071,605 |
Net Assets | $ 10,234,694 |
Net Assets Consist of: | |
Capital paid in | $ 11,815,564 |
Total distributable earnings (loss) | (1,580,870) |
Net Assets | $ 10,234,694 |
Shares outstanding ($0.01 par value; unlimited shares authorized) | 1,034,558 |
Net asset value per share | $ 9.89 |
24 | Statement of Assets and Liabilities |
Investment Income | |
Income | |
Dividend | $ 1,042 |
Interest | 155,235 |
Income from affiliated investments | 46,908 |
Total income | 203,185 |
Expenses | |
Advisory and administration fees | 26,308 |
Directors' fees | 11,165 |
Custody, fund accounting and sub-administration fees | 14,958 |
Professional fees | 16,878 |
Printing and shareholder reports | 1,766 |
Other expenses | 652 |
Total expenses before waivers | 71,727 |
Less: Fees waived by the adviser | (684) |
Net expenses | 71,043 |
Net investment income | $ 132,142 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ (188,312) |
Futures | (6,985) |
Swap contracts | 7,527 |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | 266,372 |
Futures | (39,485) |
Swap contracts | 8,993 |
Net realized and unrealized gain (loss) on investments | 48,110 |
Net Increase in Net Assets Resulting from Operations | $ 180,252 |
Statement of Operations | 25 |
Six Months Ended June 30, 2023(a) | Year Ended December 31, 2022 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income | $ 132,142 | $ 195,470 | |
Net realized gain (loss) on investments, futures and swap contracts | (187,770) | (627,344) | |
Net increase (decrease) in unrealized appreciation/depreciation on investments, futures and swap contracts | 235,880 | (1,538,893) | |
Net increase (decrease) from operations | 180,252 | (1,970,767) | |
Distributions to shareholders: | |||
Total distributions | — | (446,838) | |
Increase (decrease) in assets from operations and distributions | 180,252 | (2,417,605) | |
Share transactions: | |||
Proceeds from sale of shares | 314,260 | 654,513 | |
Value of distributions reinvested | — | 446,838 | |
Cost of shares redeemed | (875,944) | (2,833,564) | |
Net increase (decrease) from share transactions | (561,684) | (1,732,213) | |
Total increase (decrease) in net assets | (381,432) | (4,149,818) | |
Net Assets | |||
Beginning of period | 10,616,126 | 14,765,944 | |
End of period | $ 10,234,694 | $ 10,616,126 | |
Changes in Fund Shares | |||
Shares sold | 31,608 | 58,331 | |
Issued for distributions reinvested | — | 45,783 | |
Shares redeemed | (87,624) | (259,005) | |
Net decrease in fund shares | (56,016) | (154,891) |
(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 | ||||||
Swap Contracts | $ — | $ — | $ 13,760 | $ — | $ — | $ 13,760 |
Liability Derivatives | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Income V.I.S. Fund | ||||||
Futures Contracts | $ (31,785) | $ — | $ — | $ — | $ — | $ (31,785) |
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 | $ (6,985) | $ — | $ — | $ — | $ — | $ (6,985) |
Swap Contracts | — | — | 7,527 | — | — | 7,527 |
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 | $ (39,485) | $ — | $ — | $ — | $ — | $ (39,485) |
Swap Contracts | — | — | 8,993 | — | — | 8,993 |
Notes to Financial Statements | 31 |
U.S. Government Securities | |
Purchases | Sales |
$ 13,235,629 | $ 13,752,811 |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 565,929 | $ 635,898 |
32 | Notes to Financial Statements |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 12,867,042 | $ 51,291 | $ 1,080,185 | $ (1,028,894) |
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, 2022, to the performance of an appropriate benchmark provided by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Benchmark”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”) constructed by Broadridge; |
○ | 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 5, 2023 and May 10-11, 2023 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, 2022; 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, 2022; |
○ | 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 10-11, 2023; 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 $40,908 (in thousands) as of June 30, 2023 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2023 (as a % of Fair Value) (a)(b) | |
Prologis, Inc. | 9.82% |
Equinix, Inc. | 6.46% |
Digital Realty Trust, Inc. | 5.62% |
Public Storage | 4.63% |
Realty Income Corp. | 4.54% |
Welltower, Inc. | 4.48% |
Equity Residential | 4.16% |
Invitation Homes, Inc. | 3.98% |
AvalonBay Communities, Inc. | 3.89% |
Ventas, Inc. | 3.28% |
(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, 2023 | $1,000.00 | $1,000.00 | |
Ending Account value June 30, 2023 | $1,057.00 | $1,019.60 | |
Expenses Paid During Period* | $ 5.36 | $ 5.26 |
* | Expenses are equal to the Fund's annualized expense ratio of 1.05% (for the period January 1, 2023 - June 30, 2023), 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) - 99.3% † | ||
Alternate Housing - 8.4% | ||
American Homes 4 Rent, Class A | 5,500 | $ 194,975 |
Invitation Homes, Inc. | 47,350 | 1,628,840 |
Sun Communities, Inc. | 9,139 | 1,192,274 |
Tricon Residential, Inc. | 47,496 | 418,440 |
3,434,529 | ||
Data Center - 12.0% | ||
Digital Realty Trust, Inc. | 20,210 | 2,301,312 |
Equinix, Inc. | 3,370 | 2,641,878 |
4,943,190 | ||
Healthcare - 14.8% | ||
Alexandria Real Estate Equities, Inc. | 7,060 | 801,239 |
Healthpeak Properties, Inc. | 48,230 | 969,423 |
Medical Properties Trust, Inc. | 52,749 | 488,456 |
Omega Healthcare Investors, Inc. | 14,960 | 459,122 |
Sabra Health Care REIT, Inc. | 13,783 | 162,226 |
Ventas, Inc. | 28,380 | 1,341,523 |
Welltower, Inc. | 22,665 | 1,833,372 |
6,055,361 | ||
Hotel - 3.0% | ||
DiamondRock Hospitality Co. | 38,000 | 304,380 |
Host Hotels & Resorts, Inc. | 36,196 | 609,179 |
Xenia Hotels & Resorts, Inc. | 25,100 | 308,981 |
1,222,540 | ||
Industrial - 15.0% | ||
Americold Realty Trust, Inc. | 6,640 | 214,472 |
First Industrial Realty Trust, Inc. | 16,620 | 874,877 |
Prologis, Inc. | 32,750 | 4,016,132 |
Rexford Industrial Realty, Inc. | 17,980 | 938,916 |
STAG Industrial, Inc. | 3,560 | 127,733 |
6,172,130 | ||
Multifamily - 11.5% | ||
AvalonBay Communities, Inc. | 8,410 | 1,591,761 |
Camden Property Trust | 2,289 | 249,204 |
Elme Communities | 2,512 | 41,297 |
Equity Residential | 25,820 | 1,703,345 |
Mid-America Apartment Communities, Inc. | 2,442 | 370,842 |
UDR, Inc. | 18,270 | 784,879 |
4,741,328 |
Number of Shares | Fair Value | |
Net Lease - 8.2% | ||
Agree Realty Corp. | 15,556 | $ 1,017,207 |
Broadstone Net Lease, Inc. | 31,230 | 482,191 |
Realty Income Corp. | 31,085 | 1,858,572 |
3,357,970 | ||
Office - 3.9% | ||
Boston Properties, Inc. | 4,840 | 278,735 |
Cousins Properties, Inc. | 16,330 | 372,324 |
Douglas Emmett, Inc. | 28,144 | 353,770 |
Highwoods Properties, Inc. | 7,100 | 169,761 |
Kilroy Realty Corp. | 14,230 | 428,181 |
1,602,771 | ||
Regional Malls - 2.9% | ||
Simon Property Group, Inc. | 10,230 | 1,181,360 |
Self Storage - 8.7% | ||
Extra Space Storage, Inc. | 7,820 | 1,164,007 |
Life Storage, Inc. | 3,410 | 453,394 |
National Storage Affiliates Trust | 1,290 | 44,931 |
Public Storage | 6,488 | 1,893,717 |
3,556,049 | ||
Shopping Centers - 6.7% | ||
Acadia Realty Trust | 20,567 | 295,959 |
Brixmor Property Group, Inc. | 32,360 | 711,920 |
Kimco Realty Corp. | 26,954 | 531,533 |
Regency Centers Corp. | 3,830 | 236,579 |
Retail Opportunity Investments Corp. | 29,784 | 402,382 |
RPT Realty | 26,500 | 276,925 |
Urban Edge Properties | 19,086 | 294,497 |
2,749,795 | ||
Specialty - 4.2% | ||
Outfront Media, Inc. | 4,309 | 67,737 |
SBA Communications Corp. | 1,980 | 458,885 |
VICI Properties, Inc. | 37,740 | 1,186,168 |
1,712,790 | ||
Total Common Stock (REITs) (Cost $41,646,388) | 40,729,813 |
4 | State Street Real Estate Securities V.I.S. Fund |
Number of Shares | Fair Value | |
Short-Term Investments - 0.4% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 5.07% (a)(b) (Cost $177,758) | 177,758 | $ 177,758 |
Total Investments (Cost $41,824,146) | 40,907,571 | |
Other Assets and Liabilities, net - 0.3% | 127,853 | |
NET ASSETS - 100.0% | $ 41,035,424 |
(a) | 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. |
(b) | Coupon amount represents effective yield. |
† | Percentages are based on net assets as of June 30, 2023. |
Abbreviations: |
REIT - Real Estate Investment Trust |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Common Stock | $ 40,729,813 | $ — | $ — | $ 40,729,813 | |||
Short-Term Investments | 177,758 | — | — | 177,758 | |||
Total Investments in Securities | $ 40,907,571 | $ — | $ — | $ 40,907,571 |
Affiliate Table |
Number of Shares Held at 12/31/22 | Value at 12/31/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/23 | Value at 6/30/23 | Dividend Income | |
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 300,858 | $300,858 | $2,720,768 | $2,843,868 | $— | $— | 177,758 | $177,758 | $3,955 |
State Street Real Estate Securities V.I.S. Fund | 5 |
6/30/23 (a) | 12/31/22 | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | ||||||
Inception date | 5/1/95 | ||||||||||
Net asset value, beginning of period | $ 8.77 | $ 13.89 | $ 12.02 | $ 12.92 | $ 11.14 | $ 12.32 | |||||
Income/(loss) from investment operations: | |||||||||||
Net investment income(b) | 0.14 | 0.20 | 0.13 | 0.17 | 0.25 | 0.25 | |||||
Net realized and unrealized gains/(losses) on investments | 0.36 | (3.66) | 4.85 | (0.85) | 2.65 | (0.95) | |||||
Total income/(loss) from investment operations | 0.50 | (3.46) | 4.98 | (0.68) | 2.90 | (0.70) | |||||
Less distributions from: | |||||||||||
Net investment income | — | (0.17) | (0.34) | (0.06) | (0.19) | (0.28) | |||||
Net realized gains | — | (1.49) | (2.77) | (0.16) | (0.93) | (0.16) | |||||
Return of capital | — | — | — | — | — | 0.04 | |||||
Total distributions | — | (1.66) | (3.11) | (0.22) | (1.12) | (0.48) | |||||
Net asset value, end of period | $ 9.27 | $ 8.77 | $ 13.89 | $ 12.02 | $ 12.92 | $ 11.14 | |||||
Total Return(c) | 5.70% | (24.93)% | 41.80% | (5.23)% | 26.15% | (5.71)% | |||||
Ratios/Supplemental Data: | |||||||||||
Net assets, end of period (in thousands) | $41,035 | $40,669 | $45,748 | $47,588 | $55,266 | $50,360 | |||||
Ratios to average net assets: | |||||||||||
Net expenses | 1.05% (d) | 1.05% | 1.04% | 1.04% | 1.04% | 1.05% | |||||
Gross expenses | 1.05% (d) | 1.05% | 1.04% | 1.04% | 1.04% | 1.05% | |||||
Net investment income | 3.08% (d) | 1.72% | 0.93% | 1.49% | 1.91% | 2.11% | |||||
Portfolio turnover rate | 22% | 86% | 85% | 108% | 72% | 59% |
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 $41,646,388) | $ 40,729,813 |
Short-term affiliated investments, at fair value (cost $177,758) | 177,758 |
Receivable for investments sold | 18,327 |
Income receivables | 172,133 |
Receivable for fund shares sold | 43,747 |
Income receivable from affiliated investments | 515 |
Total assets | 41,142,293 |
Liabilities | |
Payable for investments purchased | 36,202 |
Payable for fund shares redeemed | 2,156 |
Payable to the Adviser | 28,350 |
Payable for custody, fund accounting and sub-administration fees | 9,339 |
Accrued other expenses | 30,822 |
Total liabilities | 106,869 |
Net Assets | $ 41,035,424 |
Net Assets Consist of: | |
Capital paid in | $ 43,490,458 |
Total distributable earnings (loss) | (2,455,034) |
Net Assets | $ 41,035,424 |
Shares outstanding ($0.01 par value, unlimited shares authorized) | 4,425,734 |
Net asset value per share | $ 9.27 |
Statement of Assets and Liabilities | 7 |
Investment Income | |
Income | |
Dividend | $ 836,970 |
Income from affiliated investments | 3,955 |
Less: Foreign taxes withheld | (413) |
Total income | 840,512 |
Expenses | |
Advisory and administration fees | 172,814 |
Directors' fees | 11,267 |
Custody, fund accounting and sub-administration fees | 10,740 |
Professional fees | 15,010 |
Printing and shareholder reports | 2,871 |
Other expenses | 837 |
Total expenses | 213,539 |
Net investment income | $ 626,973 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on investments | $ (1,314,570) |
Increase (decrease) in unrealized appreciation/(depreciation) on investments | 3,088,538 |
Net realized and unrealized gain (loss) on investments | 1,773,968 |
Net Increase in Net Assets Resulting from Operations | $ 2,400,941 |
8 | Statement of Operations |
Six Months Ended June 30, 2023(a) | Year Ended December 31, 2022 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income | $ 626,973 | $ 631,786 | |
Net realized gain (loss) on investments | (1,314,570) | 3,664,669 | |
Net increase (decrease) in unrealized appreciation/depreciation on investments | 3,088,538 | (15,093,357) | |
Net increase (decrease) from operations | 2,400,941 | (10,796,902) | |
Distributions to shareholders: | |||
Total distributions | — | (6,496,308) | |
Increase (decrease) in assets from operations and distributions | 2,400,941 | (17,293,210) | |
Share transactions: | |||
Proceeds from sale of shares | 1,233,162 | 22,268,925 | |
Value of distributions reinvested | — | 6,496,308 | |
Cost of shares redeemed | (3,267,231) | (16,551,322) | |
Net increase (decrease) from share transactions | (2,034,069) | 12,213,911 | |
Total increase (decrease) in net assets | 366,872 | (5,079,299) | |
Net Assets | |||
Beginning of period | 40,668,552 | 45,747,851 | |
End of period | $ 41,035,424 | $ 40,668,552 | |
Changes in Fund Shares | |||
Shares sold | 140,967 | 1,927,883 | |
Issued for distributions reinvested | — | 738,217 | |
Shares redeemed | (351,435) | (1,323,809) | |
Net increase (decrease) in fund shares | (210,468) | 1,342,291 |
(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 |
$ 9,163,395 | $ 10,510,544 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 42,358,449 | $ 2,390,071 | $ 3,840,949 | $ (1,450,878) |
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, 2022, to the performance of an appropriate benchmark provided by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Benchmark”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”) constructed by Broadridge; |
○ | 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 5, 2023 and May 10-11, 2023 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, 2022; 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, 2022; |
○ | 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, 2022; |
○ | 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 10-11, 2023; 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 | |
95 | |
97 | |
98 | |
99 | |
100 | |
108 |
State Street Total Return V.I.S. Fund | 1 |
Sector Allocation |
Portfolio composition as a % of Fair Value of $1,368,723 (in thousands) as of June 30, 2023 (a)(b) |
Top Ten Largest Holdings | |
as of June 30, 2023 (as a % of Fair Value) (a)(b) | |
SPDR Bloomberg High Yield Bond ETF | 4.01% |
SPDR Bloomberg International Treasury Bond ETF | 4.00% |
Apple, Inc. | 2.52% |
Microsoft Corp. | 2.21% |
SPDR Portfolio Long Term Treasury ETF | 2.01% |
SPDR Gold Shares | 1.47% |
Amazon.com, Inc. | 1.02% |
NVIDIA Corp. | 0.87% |
Tesla, Inc. | 0.63% |
Alphabet, Inc., Class A | 0.62% |
(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, 2023 | $1,000.00 | $1,000.00 | ||
Ending Account Value June 30, 2023 | $1,090.40 | $1,021.70 | ||
Expenses Paid During Period* | $ 3.27 | $ 3.16 |
Class 3 | Actual Fund Return | Hypothetical 5% Return (2.5% for the period) | ||
Begining Account Value January 1, 2023 | $1,000.00 | $1,000.00 | ||
Ending Account Value June 30, 2023 | $1,088.90 | $1,020.40 | ||
Expenses Paid During Period* | $ 4.56 | $ 4.41 |
* | Expenses are equal to the Fund's annualized expense ratio of 0.63% for Class 1 and 0.88% for Class 3 (for the period January 1, 2023 - June 30, 2023), 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 - 42.8% † | ||
Common Stock - 42.8% | ||
Advertising - 0.1% | ||
Advantage Solutions, Inc. (a) | 2,685 | $ 6,283 |
Boston Omaha Corp., Class A (a) | 703 | 13,231 |
Cardlytics, Inc. (a) | 1,112 | 7,028 |
Clear Channel Outdoor Holdings, Inc. (a) | 11,776 | 16,133 |
Emerald Holding, Inc. (a) | 546 | 2,239 |
Integral Ad Science Holding Corp. (a) | 1,237 | 22,241 |
Interpublic Group of Cos., Inc. | 4,842 | 186,804 |
Magnite, Inc. (a) | 4,646 | 63,418 |
Omnicom Group, Inc. | 2,527 | 240,444 |
PubMatic, Inc., Class A (a) | 1,513 | 27,658 |
Quotient Technology, Inc. (a) | 3,154 | 12,111 |
Stagwell, Inc. (a) | 3,773 | 27,203 |
TechTarget, Inc. (a) | 889 | 27,675 |
Thryv Holdings, Inc. (a) | 1,080 | 26,568 |
Trade Desk, Inc., Class A (a) | 5,111 | 394,671 |
1,073,707 | ||
Aerospace & Defense - 0.6% | ||
AAR Corp. (a) | 1,203 | 69,485 |
Aerojet Rocketdyne Holdings, Inc. (a) | 2,792 | 153,197 |
AeroVironment, Inc. (a) | 874 | 89,393 |
AerSale Corp. (a) | 790 | 11,613 |
Archer Aviation, Inc., Class A (a) | 6,305 | 25,977 |
Astronics Corp. (a) | 813 | 16,146 |
Axon Enterprise, Inc. (a) | 800 | 156,096 |
Boeing Co. (a) | 6,646 | 1,403,369 |
BWX Technologies, Inc. | 1,000 | 71,570 |
Cadre Holdings, Inc. | 608 | 13,254 |
Curtiss-Wright Corp. | 500 | 91,830 |
Ducommun, Inc. (a) | 358 | 15,598 |
Eve Holding, Inc. (a) | 631 | 6,613 |
General Dynamics Corp. | 2,815 | 605,647 |
HEICO Corp. | 500 | 88,470 |
HEICO Corp., Class A | 800 | 112,480 |
Hexcel Corp. | 1,000 | 76,020 |
Howmet Aerospace, Inc. | 4,697 | 232,783 |
Huntington Ingalls Industries, Inc. | 500 | 113,800 |
Kaman Corp. | 910 | 22,140 |
Kratos Defense & Security Solutions, Inc. (a) | 4,317 | 61,906 |
L3Harris Technologies, Inc. | 2,180 | 426,779 |
Leonardo DRS, Inc. (a) | 1,760 | 30,518 |
Lockheed Martin Corp. | 2,702 | 1,243,947 |
Mercury Systems, Inc. (a) | 600 | 20,754 |
Moog, Inc., Class A | 982 | 106,478 |
National Presto Industries, Inc. | 162 | 11,858 |
Number of Shares | Fair Value | |
Northrop Grumman Corp. | 1,698 | $ 773,948 |
Park Aerospace Corp. | 964 | 13,303 |
Parsons Corp. (a) | 1,439 | 69,274 |
Raytheon Technologies Corp. | 17,486 | 1,712,929 |
Redwire Corp. (a) | 1,127 | 2,874 |
Rocket Lab USA, Inc. (a) | 9,719 | 58,314 |
Spirit AeroSystems Holdings, Inc., Class A | 1,100 | 32,109 |
Terran Orbital Corp. (a) | 2,969 | 4,454 |
Textron, Inc. | 2,571 | 173,877 |
TransDigm Group, Inc. | 594 | 531,137 |
Triumph Group, Inc. (a) | 2,090 | 25,853 |
V2X, Inc. (a) | 387 | 19,180 |
Virgin Galactic Holdings, Inc. (a) | 8,554 | 33,190 |
Woodward, Inc. | 800 | 95,128 |
8,823,291 | ||
Agricultural & Farm Machinery - 0.1% | ||
AGCO Corp. | 723 | 95,017 |
Deere & Co. | 3,209 | 1,300,255 |
Lindsay Corp. | 389 | 46,423 |
Titan International, Inc. (a) | 1,834 | 21,054 |
Toro Co. | 1,268 | 128,892 |
1,591,641 | ||
Agricultural Products & Services - 0.1% | ||
Alico, Inc. | 357 | 9,089 |
Archer-Daniels-Midland Co. | 6,372 | 481,468 |
Benson Hill, Inc. (a) | 7,944 | 10,327 |
Bunge Ltd. | 1,737 | 163,886 |
Darling Ingredients, Inc. (a) | 2,000 | 127,580 |
Fresh Del Monte Produce, Inc. | 1,187 | 30,518 |
Ingredion, Inc. | 744 | 78,827 |
Limoneira Co. | 610 | 9,492 |
911,187 | ||
Air Freight & Logistics - 0.2% | ||
Air Transport Services Group, Inc. (a) | 1,911 | 36,060 |
CH Robinson Worldwide, Inc. | 1,369 | 129,165 |
Expeditors International of Washington, Inc. | 2,001 | 242,381 |
FedEx Corp. | 2,772 | 687,179 |
Forward Air Corp. | 924 | 98,046 |
GXO Logistics, Inc. (a) | 1,173 | 73,688 |
Hub Group, Inc., Class A (a) | 1,160 | 93,171 |
Radiant Logistics, Inc. (a) | 1,858 | 12,486 |
United Parcel Service, Inc., Class B | 8,592 | 1,540,116 |
2,912,292 | ||
Alternative Carriers - 0.0%* | ||
Anterix, Inc. (a) | 597 | 18,919 |
4 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
AST SpaceMobile, Inc. (a) | 2,112 | $ 9,926 |
Bandwidth, Inc., Class A (a) | 1,078 | 14,747 |
Charge Enterprises, Inc. (a) | 6,770 | 6,635 |
Cogent Communications Holdings, Inc. | 1,515 | 101,944 |
EchoStar Corp., Class A (a) | 1,090 | 18,901 |
Globalstar, Inc. (a) | 22,349 | 24,137 |
Iridium Communications, Inc. | 1,100 | 68,332 |
Lumen Technologies, Inc. | 35,140 | 79,416 |
342,957 | ||
Aluminum - 0.0%* | ||
Alcoa Corp. | 2,058 | 69,828 |
Arconic Corp. (a) | 3,481 | 102,968 |
Century Aluminum Co. (a) | 1,669 | 14,554 |
Constellium SE (a) | 4,406 | 75,783 |
Kaiser Aluminum Corp. | 566 | 40,548 |
Tredegar Corp. | 1,338 | 8,925 |
312,606 | ||
Apparel Retail - 0.2% | ||
Abercrombie & Fitch Co., Class A (a) | 1,715 | 64,621 |
American Eagle Outfitters, Inc. | 6,372 | 75,190 |
Boot Barn Holdings, Inc. (a) | 1,028 | 87,061 |
Buckle, Inc. | 1,069 | 36,987 |
Burlington Stores, Inc. (a) | 835 | 131,421 |
Caleres, Inc. | 1,214 | 29,051 |
Cato Corp., Class A | 921 | 7,396 |
Chico's FAS, Inc. (a) | 3,982 | 21,304 |
Children's Place, Inc. (a) | 517 | 12,000 |
Designer Brands, Inc., Class A | 1,599 | 16,150 |
Destination XL Group, Inc. (a) | 2,678 | 13,122 |
Duluth Holdings, Inc., Class B (a) | 355 | 2,229 |
Foot Locker, Inc. | 2,863 | 77,616 |
Genesco, Inc. (a) | 387 | 9,690 |
Guess?, Inc. | 1,005 | 19,547 |
J Jill, Inc. (a) | 159 | 3,407 |
Lands' End, Inc. (a) | 462 | 3,585 |
Revolve Group, Inc. (a) | 1,343 | 22,025 |
Ross Stores, Inc. | 3,885 | 435,625 |
Shoe Carnival, Inc. | 543 | 12,750 |
Stitch Fix, Inc., Class A (a) | 2,636 | 10,149 |
ThredUp, Inc., Class A (a) | 3,057 | 7,459 |
Tilly's, Inc., Class A (a) | 1,159 | 8,125 |
TJX Cos., Inc. | 13,953 | 1,183,075 |
Torrid Holdings, Inc. (a) | 662 | 1,860 |
Urban Outfitters, Inc. (a) | 2,228 | 73,814 |
Victoria's Secret & Co. (a) | 739 | 12,881 |
Zumiez, Inc. (a) | 728 | 12,128 |
2,390,268 |
Number of Shares | Fair Value | |
Apparel, Accessories & Luxury Goods - 0.1% | ||
Capri Holdings Ltd. (a) | 1,405 | $ 50,425 |
Carter's, Inc. | 400 | 29,040 |
Columbia Sportswear Co. | 400 | 30,896 |
Fossil Group, Inc. (a) | 1,488 | 3,824 |
G-III Apparel Group Ltd. (a) | 1,400 | 26,978 |
Hanesbrands, Inc. | 12,272 | 55,715 |
Kontoor Brands, Inc. | 1,905 | 80,201 |
Lululemon Athletica, Inc. (a) | 1,327 | 502,270 |
Movado Group, Inc. | 480 | 12,878 |
Oxford Industries, Inc. | 523 | 51,474 |
PVH Corp. | 800 | 67,976 |
Ralph Lauren Corp. | 500 | 61,650 |
Tapestry, Inc. | 3,074 | 131,567 |
Under Armour, Inc., Class A (a) | 2,700 | 19,494 |
Vera Bradley, Inc. (a) | 914 | 5,840 |
VF Corp. | 4,600 | 87,814 |
1,218,042 | ||
Application Software - 1.3% | ||
8x8, Inc. (a) | 3,593 | 15,198 |
ACI Worldwide, Inc. (a) | 3,852 | 89,251 |
Adobe, Inc. (a) | 5,427 | 2,653,749 |
Agilysys, Inc. (a) | 694 | 47,636 |
Alarm.com Holdings, Inc. (a) | 1,674 | 86,512 |
Alkami Technology, Inc. (a) | 1,377 | 22,569 |
Altair Engineering, Inc., Class A (a) | 1,873 | 142,048 |
Alteryx, Inc., Class A (a) | 600 | 27,240 |
American Software, Inc., Class A | 998 | 10,489 |
Amplitude, Inc., Class A (a) | 2,360 | 25,960 |
ANSYS, Inc. (a) | 1,071 | 353,719 |
Appfolio, Inc., Class A (a) | 674 | 116,022 |
Applied Digital Corp. (a) | 2,378 | 22,234 |
AppLovin Corp., Class A (a) | 2,300 | 59,179 |
Asana, Inc., Class A (a) | 2,770 | 61,051 |
Aspen Technology, Inc. (a) | 320 | 53,635 |
Atlassian Corp., Class A (a) | 1,796 | 301,387 |
Autodesk, Inc. (a) | 2,674 | 547,127 |
AvePoint, Inc. (a) | 5,345 | 30,787 |
Bentley Systems, Inc., Class B | 2,000 | 108,460 |
Bills Holdings, Inc. (a) | 1,192 | 139,285 |
Black Knight, Inc. (a) | 2,024 | 120,894 |
Blackbaud, Inc. (a) | 1,519 | 108,122 |
Blackline, Inc. (a) | 1,965 | 105,756 |
Box, Inc., Class A (a) | 4,934 | 144,961 |
Braze, Inc., Class A (a) | 1,203 | 52,679 |
C3.ai, Inc., Class A (a) | 2,091 | 76,175 |
Cadence Design Systems, Inc. (a) | 3,251 | 762,425 |
CCC Intelligent Solutions Holdings, Inc. (a) | 900 | 10,089 |
Cerence, Inc. (a) | 1,428 | 41,740 |
State Street Total Return V.I.S. Fund | 5 |
Number of Shares | Fair Value | |
Cipher Mining, Inc. (a) | 887 | $ 2,537 |
Cleanspark, Inc. (a) | 2,667 | 11,441 |
Clear Secure, Inc., Class A | 2,906 | 67,332 |
Confluent, Inc., Class A (a) | 1,800 | 63,558 |
Consensus Cloud Solutions, Inc. (a) | 694 | 21,514 |
CoreCard Corp. (a) | 252 | 6,391 |
Couchbase, Inc. (a) | 1,185 | 18,747 |
CS Disco, Inc. (a) | 746 | 6,132 |
Datadog, Inc., Class A (a) | 3,296 | 324,261 |
Digimarc Corp. (a) | 495 | 14,573 |
Digital Turbine, Inc. (a) | 3,307 | 30,689 |
DocuSign, Inc. (a) | 2,489 | 127,163 |
Domo, Inc., Class B (a) | 987 | 14,469 |
DoubleVerify Holdings, Inc. (a) | 1,300 | 50,596 |
Dropbox, Inc., Class A (a) | 3,200 | 85,344 |
Dynatrace, Inc. (a) | 2,700 | 138,969 |
E2open Parent Holdings, Inc. (a) | 6,980 | 39,088 |
Ebix, Inc. | 956 | 24,091 |
eGain Corp. (a) | 737 | 5,520 |
Elastic NV (a) | 900 | 57,708 |
Enfusion, Inc., Class A (a) | 1,305 | 14,642 |
EngageSmart, Inc. (a) | 1,694 | 32,339 |
Envestnet, Inc. (a) | 1,747 | 103,685 |
Everbridge, Inc. (a) | 1,418 | 38,144 |
EverCommerce, Inc. (a) | 1,177 | 13,936 |
Expensify, Inc., Class A (a) | 1,925 | 15,362 |
Fair Isaac Corp. (a) | 266 | 215,250 |
Five9, Inc. (a) | 800 | 65,960 |
ForgeRock, Inc., Class A (a) | 1,647 | 33,829 |
Freshworks, Inc., Class A Revenue (a) | 5,649 | 99,309 |
Guidewire Software, Inc. (a) | 1,200 | 91,296 |
HashiCorp, Inc., Class A (a) | 500 | 13,090 |
HubSpot, Inc. (a) | 508 | 270,302 |
Instructure Holdings, Inc. (a) | 680 | 17,109 |
Intapp, Inc. (a) | 545 | 22,841 |
InterDigital, Inc. | 945 | 91,240 |
Intuit, Inc. | 3,304 | 1,513,860 |
Jamf Holding Corp. (a) | 2,436 | 47,551 |
Kaltura, Inc. (a) | 2,893 | 6,133 |
LivePerson, Inc. (a) | 3,169 | 14,324 |
LiveRamp Holdings, Inc. (a) | 2,227 | 63,603 |
LiveVox Holdings, Inc. (a) | 397 | 1,092 |
Manhattan Associates, Inc. (a) | 731 | 146,112 |
Marathon Digital Holdings, Inc. (a) | 5,869 | 81,344 |
Matterport, Inc. (a) | 8,744 | 27,544 |
MeridianLink, Inc. (a) | 915 | 19,032 |
MicroStrategy, Inc., Class A (a) | 385 | 131,832 |
Mitek Systems, Inc. (a) | 1,339 | 14,515 |
Model N, Inc. (a) | 1,328 | 46,958 |
nCino, Inc. (a) | 300 | 9,036 |
Number of Shares | Fair Value | |
NCR Corp. (a) | 1,300 | $ 32,760 |
New Relic, Inc. (a) | 800 | 52,352 |
NextNav, Inc. (a) | 1,886 | 5,545 |
Nutanix, Inc., Class A (a) | 3,100 | 86,955 |
Olo, Inc., Class A (a) | 3,605 | 23,288 |
ON24, Inc. | 1,139 | 9,249 |
PagerDuty, Inc. (a) | 2,965 | 66,653 |
Palantir Technologies, Inc., Class A (a) | 21,229 | 325,441 |
Pegasystems, Inc. | 200 | 9,860 |
PowerSchool Holdings, Inc., Class A (a) | 1,954 | 37,400 |
Procore Technologies, Inc. (a) | 1,100 | 71,577 |
PROS Holdings, Inc. (a) | 1,558 | 47,986 |
PTC, Inc. (a) | 1,348 | 191,820 |
Q2 Holdings, Inc. (a) | 1,961 | 60,595 |
Rimini Street, Inc. (a) | 2,472 | 11,841 |
RingCentral, Inc., Class A (a) | 900 | 29,457 |
Riot Platforms, Inc. (a) | 5,537 | 65,447 |
Roper Technologies, Inc. | 1,275 | 613,020 |
Salesforce, Inc. (a) | 11,421 | 2,412,801 |
SEMrush Holdings, Inc., Class A (a) | 1,092 | 10,450 |
Smartsheet, Inc., Class A (a) | 1,400 | 53,564 |
SoundHound AI, Inc., Class A (a) | 4,879 | 22,200 |
SoundThinking, Inc. (a) | 429 | 9,378 |
Splunk, Inc. (a) | 2,010 | 213,241 |
Sprinklr, Inc., Class A (a) | 3,033 | 41,946 |
Sprout Social, Inc., Class A (a) | 1,631 | 75,287 |
SPS Commerce, Inc. (a) | 1,285 | 246,797 |
Synopsys, Inc. (a) | 1,772 | 771,547 |
Terawulf, Inc. (a) | 1,755 | 3,071 |
Tyler Technologies, Inc. (a) | 450 | 187,412 |
Unity Software, Inc. (a) | 3,198 | 138,857 |
Verint Systems, Inc. (a) | 2,256 | 79,095 |
Veritone, Inc. (a) | 1,607 | 6,299 |
Viant Technology, Inc., Class A (a) | 600 | 2,766 |
Weave Communications, Inc. (a) | 1,144 | 12,710 |
Workday, Inc., Class A (a) | 2,310 | 521,806 |
Workiva, Inc. (a) | 1,705 | 173,330 |
Yext, Inc. (a) | 3,984 | 45,059 |
Zeta Global Holdings Corp., Class A (a) | 4,679 | 39,959 |
Zoom Video Communications, Inc., Class A (a) | 3,074 | 208,663 |
17,725,256 | ||
Asset Management & Custody Banks - 0.4% | ||
Affiliated Managers Group, Inc. | 400 | 59,956 |
AlTi Global, Inc. (a) | 733 | 5,615 |
Ameriprise Financial, Inc. | 1,267 | 420,847 |
6 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Ares Management Corp., Class A | 1,922 | $ 185,185 |
Artisan Partners Asset Management, Inc., Class A | 2,151 | 84,556 |
AssetMark Financial Holdings, Inc. (a) | 701 | 20,792 |
Avantax, Inc. (a) | 1,372 | 30,705 |
Bank of New York Mellon Corp. | 9,106 | 405,399 |
BlackRock, Inc. | 1,746 | 1,206,730 |
Blackstone, Inc. | 8,312 | 772,767 |
Blue Owl Capital, Inc. | 5,700 | 66,405 |
Brightsphere Investment Group, Inc. | 1,057 | 22,144 |
Carlyle Group, Inc. | 2,651 | 84,699 |
Cohen & Steers, Inc. | 894 | 51,843 |
Diamond Hill Investment Group, Inc. | 92 | 15,760 |
Focus Financial Partners, Inc., Class A (a) | 2,049 | 107,593 |
Franklin Resources, Inc. | 3,300 | 88,143 |
GCM Grosvenor, Inc., Class A | 1,919 | 14,469 |
Hamilton Lane, Inc., Class A | 1,274 | 101,894 |
Invesco Ltd. | 4,300 | 72,283 |
Janus Henderson Group PLC | 1,800 | 49,050 |
KKR & Co., Inc. | 7,305 | 409,080 |
Northern Trust Corp. | 2,532 | 187,722 |
P10, Inc., Class A | 1,499 | 16,939 |
Sculptor Capital Management, Inc. | 1,236 | 10,914 |
SEI Investments Co. | 1,400 | 83,468 |
Silvercrest Asset Management Group, Inc., Class A | 496 | 10,044 |
State Street Corp. (b) | 4,261 | 311,820 |
StepStone Group, Inc., Class A | 1,952 | 48,429 |
T Rowe Price Group, Inc. | 2,757 | 308,839 |
Victory Capital Holdings, Inc., Class A | 966 | 30,468 |
Virtus Investment Partners, Inc. | 245 | 48,380 |
WisdomTree, Inc. | 4,866 | 33,381 |
5,366,319 | ||
Automobile Manufacturers - 0.8% | ||
Fisker, Inc. (a) | 6,838 | 38,567 |
Ford Motor Co. | 46,091 | 697,357 |
General Motors Co. | 16,227 | 625,713 |
Lucid Group, Inc. (a) | 7,700 | 53,053 |
Rivian Automotive, Inc., Class A (a) | 6,000 | 99,960 |
Stellantis NV | 34,129 | 599,905 |
Tesla, Inc. (a) | 32,777 | 8,580,035 |
Thor Industries, Inc. | 634 | 65,619 |
Winnebago Industries, Inc. | 1,040 | 69,358 |
Number of Shares | Fair Value | |
Workhorse Group, Inc. (a) | 7,669 | $ 6,684 |
10,836,251 | ||
Automotive Parts & Equipment - 0.1% | ||
Adient PLC (a) | 3,344 | 128,142 |
American Axle & Manufacturing Holdings, Inc. (a) | 3,995 | 33,039 |
Aptiv PLC (a) | 3,391 | 346,187 |
BorgWarner, Inc. | 2,886 | 141,154 |
Cooper-Standard Holdings, Inc. (a) | 589 | 8,399 |
Dana, Inc. | 4,504 | 76,568 |
Dorman Products, Inc. (a) | 917 | 72,287 |
Fox Factory Holding Corp. (a) | 1,493 | 162,006 |
Gentex Corp. | 2,758 | 80,699 |
Gentherm, Inc. (a) | 1,155 | 65,269 |
Holley, Inc. (a) | 1,728 | 7,068 |
LCI Industries | 876 | 110,691 |
Lear Corp. | 700 | 100,485 |
Luminar Technologies, Inc. (a) | 9,494 | 65,319 |
Modine Manufacturing Co. (a) | 1,755 | 57,950 |
Patrick Industries, Inc. | 761 | 60,880 |
QuantumScape Corp. (a) | 2,200 | 17,578 |
Solid Power, Inc. (a) | 5,401 | 13,719 |
Standard Motor Products, Inc. | 738 | 27,690 |
Stoneridge, Inc. (a) | 846 | 15,947 |
Visteon Corp. (a) | 981 | 140,881 |
XPEL, Inc. (a) | 788 | 66,365 |
1,798,323 | ||
Automotive Retail - 0.2% | ||
Advance Auto Parts, Inc. | 698 | 49,069 |
America's Car-Mart, Inc. (a) | 189 | 18,858 |
Arko Corp. | 2,724 | 21,656 |
Asbury Automotive Group, Inc. (a) | 756 | 181,758 |
AutoNation, Inc. (a) | 382 | 62,881 |
AutoZone, Inc. (a) | 210 | 523,606 |
Camping World Holdings, Inc., Class A | 1,463 | 44,036 |
CarMax, Inc. (a) | 2,100 | 175,770 |
CarParts.com, Inc. (a) | 2,475 | 10,519 |
Carvana Co. (a) | 3,345 | 86,702 |
EVgo, Inc. (a) | 2,168 | 8,672 |
Group 1 Automotive, Inc. | 497 | 128,276 |
Lazydays Holdings, Inc. (a) | 441 | 5,098 |
Lithia Motors, Inc. | 300 | 91,233 |
Monro, Inc. | 1,091 | 44,327 |
Murphy USA, Inc. | 200 | 62,222 |
OneWater Marine, Inc., Class A (a) | 358 | 12,974 |
O'Reilly Automotive, Inc. (a) | 700 | 668,710 |
Penske Automotive Group, Inc. | 270 | 44,990 |
State Street Total Return V.I.S. Fund | 7 |
Number of Shares | Fair Value | |
Sonic Automotive, Inc., Class A | 591 | $ 28,173 |
Valvoline, Inc. | 2,000 | 75,020 |
2,344,550 | ||
Biotechnology - 1.3% | ||
2seventy bio, Inc. (a) | 1,729 | 17,497 |
4D Molecular Therapeutics, Inc. (a) | 1,100 | 19,877 |
89bio, Inc. (a) | 2,154 | 40,818 |
Aadi Bioscience, Inc. (a) | 431 | 2,948 |
AbbVie, Inc. | 21,072 | 2,839,031 |
ACADIA Pharmaceuticals, Inc. (a) | 4,238 | 101,500 |
Acrivon Therapeutics, Inc. (a) | 376 | 4,873 |
Actinium Pharmaceuticals, Inc. (a) | 906 | 6,723 |
Adicet Bio, Inc. (a) | 1,535 | 3,730 |
ADMA Biologics, Inc. (a) | 7,368 | 27,188 |
Aduro Biotech, Inc. (a) | 4,580 | 595 |
Aerovate Therapeutics, Inc. (a) | 461 | 7,906 |
Agenus, Inc. (a) | 11,953 | 19,125 |
Agios Pharmaceuticals, Inc. (a) | 1,911 | 54,119 |
Akero Therapeutics, Inc. (a) | 1,565 | 73,070 |
Aldeyra Therapeutics, Inc. (a) | 1,623 | 13,617 |
Alector, Inc. (a) | 1,974 | 11,864 |
Alkermes PLC (a) | 5,804 | 181,665 |
Allakos, Inc. (a) | 2,316 | 10,098 |
Allogene Therapeutics, Inc. (a) | 2,519 | 12,519 |
Allovir, Inc. (a) | 1,641 | 5,579 |
Alnylam Pharmaceuticals, Inc. (a) | 1,381 | 262,307 |
Alpine Immune Sciences, Inc. (a) | 1,193 | 12,264 |
Altimmune, Inc. (a) | 1,722 | 6,079 |
ALX Oncology Holdings, Inc. (a) | 654 | 4,912 |
Amgen, Inc. | 6,329 | 1,405,165 |
Amicus Therapeutics, Inc. (a) | 9,771 | 122,724 |
AnaptysBio, Inc. (a) | 647 | 13,160 |
Anavex Life Sciences Corp. (a) | 2,231 | 18,138 |
Anika Therapeutics, Inc. (a) | 463 | 12,029 |
Annexon, Inc. (a) | 1,590 | 5,597 |
Apellis Pharmaceuticals, Inc. (a) | 1,000 | 91,100 |
Arbutus Biopharma Corp. (a) | 4,941 | 11,364 |
Arcellx, Inc. (a) | 1,323 | 41,833 |
Arcturus Therapeutics Holdings, Inc. (a) | 750 | 21,510 |
Arcus Biosciences, Inc. (a) | 1,829 | 37,147 |
Arcutis Biotherapeutics, Inc. (a) | 1,792 | 17,078 |
Ardelyx, Inc. (a) | 7,422 | 25,161 |
Number of Shares | Fair Value | |
Arrowhead Pharmaceuticals, Inc. (a) | 3,566 | $ 127,164 |
ARS Pharmaceuticals, Inc. (a) | 845 | 5,661 |
Astria Therapeutics, Inc. (a) | 890 | 7,414 |
Atara Biotherapeutics, Inc. (a) | 4,598 | 7,403 |
Aura Biosciences, Inc. (a) | 1,166 | 14,400 |
Avid Bioservices, Inc. (a) | 2,020 | 28,219 |
Avidity Biosciences, Inc. (a) | 2,463 | 27,315 |
Avita Medical, Inc. (a) | 876 | 14,901 |
Beam Therapeutics, Inc. (a) | 2,381 | 76,025 |
BioAtla, Inc. (a) | 1,541 | 4,623 |
BioCryst Pharmaceuticals, Inc. (a) | 6,482 | 45,633 |
Biogen, Inc. (a) | 1,692 | 481,966 |
Biohaven Ltd. (a) | 2,031 | 48,582 |
BioMarin Pharmaceutical, Inc. (a) | 2,289 | 198,410 |
Biomea Fusion, Inc. (a) | 692 | 15,189 |
Bioxcel Therapeutics, Inc. (a) | 871 | 5,801 |
Bluebird Bio, Inc. (a) | 4,482 | 14,746 |
Blueprint Medicines Corp. (a) | 2,104 | 132,973 |
Bridgebio Pharma, Inc. (a) | 3,991 | 68,645 |
Cabaletta Bio, Inc. (a) | 891 | 11,503 |
CareDx, Inc. (a) | 1,627 | 13,829 |
Caribou Biosciences, Inc. (a) | 2,759 | 11,726 |
Carisma Therapeutics, Inc. | 929 | 8,147 |
Catalyst Pharmaceuticals, Inc. (a) | 3,387 | 45,521 |
Celcuity, Inc. (a) | 600 | 6,588 |
Celldex Therapeutics, Inc. (a) | 1,602 | 54,356 |
Century Therapeutics, Inc. (a) | 612 | 1,934 |
Cerevel Therapeutics Holdings, Inc. (a) | 2,156 | 68,539 |
Chinook Therapeutics, Inc. (a) | 2,021 | 77,647 |
Cogent Biosciences, Inc. (a) | 2,403 | 28,452 |
Coherus Biosciences, Inc. (a) | 2,383 | 10,175 |
Compass Therapeutics, Inc. (a) | 3,180 | 10,112 |
Crinetics Pharmaceuticals, Inc. (a) | 1,848 | 33,301 |
CSL Ltd. | 7,307 | 1,352,086 |
Cue Biopharma, Inc. (a) | 1,204 | 4,395 |
Cullinan Oncology, Inc. (a) | 1,139 | 12,256 |
Cytokinetics, Inc. (a) | 3,245 | 105,852 |
Day One Biopharmaceuticals, Inc. (a) | 1,716 | 20,489 |
Deciphera Pharmaceuticals, Inc. (a) | 1,832 | 25,795 |
Denali Therapeutics, Inc. (a) | 4,117 | 121,493 |
Design Therapeutics, Inc. (a) | 1,688 | 10,634 |
Disc Medicine, Inc. (a) | 270 | 11,988 |
Dynavax Technologies Corp. (a) | 4,516 | 58,347 |
Dyne Therapeutics, Inc. (a) | 1,455 | 16,369 |
Eagle Pharmaceuticals, Inc. (a) | 320 | 6,221 |
8 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Editas Medicine, Inc. (a) | 2,491 | $ 20,501 |
Emergent BioSolutions, Inc. (a) | 1,635 | 12,017 |
Enanta Pharmaceuticals, Inc. (a) | 651 | 13,931 |
Entrada Therapeutics, Inc. (a) | 746 | 11,294 |
EQRx, Inc. (a) | 11,119 | 20,681 |
Erasca, Inc. (a) | 3,602 | 9,942 |
Exact Sciences Corp. (a) | 2,000 | 187,800 |
Exelixis, Inc. (a) | 4,500 | 85,995 |
Fate Therapeutics, Inc. (a) | 2,665 | 12,685 |
FibroGen, Inc. (a) | 3,057 | 8,254 |
Foghorn Therapeutics, Inc. (a) | 650 | 4,576 |
Genelux Corp. (a) | 96 | 3,141 |
Generation Bio Co. (a) | 1,578 | 8,679 |
Geron Corp. (a) | 17,353 | 55,703 |
Gilead Sciences, Inc. | 14,955 | 1,152,582 |
Graphite Bio, Inc. (a) | 976 | 2,538 |
Gritstone bio, Inc. (a) | 3,058 | 5,963 |
Halozyme Therapeutics, Inc. (a) | 4,684 | 168,952 |
Heron Therapeutics, Inc. (a) | 5,147 | 5,971 |
HilleVax, Inc. (a) | 759 | 13,047 |
Horizon Therapeutics PLC (a) | 2,709 | 278,621 |
Humacyte, Inc. (a) | 2,556 | 7,310 |
Icosavax, Inc. (a) | 1,163 | 11,549 |
Ideaya Biosciences, Inc. (a) | 1,892 | 44,462 |
IGM Biosciences, Inc. (a) | 539 | 4,975 |
Immuneering Corp., Class A (a) | 707 | 7,169 |
ImmunityBio, Inc. (a) | 4,306 | 11,971 |
ImmunoGen, Inc. (a) | 8,422 | 158,923 |
Immunovant, Inc. (a) | 1,880 | 35,664 |
Incyte Corp. (a) | 2,246 | 139,813 |
Inhibrx, Inc. (a) | 1,170 | 30,373 |
Inozyme Pharma, Inc. (a) | 1,179 | 6,567 |
Insmed, Inc. (a) | 4,646 | 98,031 |
Intellia Therapeutics, Inc. (a) | 3,074 | 125,358 |
Intercept Pharmaceuticals, Inc. (a) | 777 | 8,594 |
Ionis Pharmaceuticals, Inc. (a) | 2,000 | 82,060 |
Iovance Biotherapeutics, Inc. (a) | 7,249 | 51,033 |
Ironwood Pharmaceuticals, Inc. (a) | 4,796 | 51,029 |
iTeos Therapeutics, Inc. (a) | 734 | 9,718 |
IVERIC bio, Inc. (a) | 4,798 | 188,753 |
Janux Therapeutics, Inc. (a) | 862 | 10,232 |
KalVista Pharmaceuticals, Inc. (a) | 772 | 6,948 |
Karuna Therapeutics, Inc. (a) | 300 | 65,055 |
Karyopharm Therapeutics, Inc. (a) | 3,946 | 7,063 |
Keros Therapeutics, Inc. (a) | 784 | 31,501 |
Kezar Life Sciences, Inc. (a) | 2,657 | 6,510 |
Number of Shares | Fair Value | |
Kiniksa Pharmaceuticals Ltd., Class A (a) | 1,093 | $ 15,389 |
Kodiak Sciences, Inc. (a) | 1,076 | 7,424 |
Krystal Biotech, Inc. (a) | 744 | 87,346 |
Kura Oncology, Inc. (a) | 2,125 | 22,482 |
Kymera Therapeutics, Inc. (a) | 1,250 | 28,737 |
Larimar Therapeutics, Inc. (a) | 894 | 2,798 |
Legend Biotech Corp. ADR (a) | 800 | 55,224 |
Lexicon Pharmaceuticals, Inc. (a) | 4,215 | 9,652 |
Lineage Cell Therapeutics, Inc. (a) | 4,497 | 6,341 |
Lyell Immunopharma, Inc. (a) | 5,533 | 17,595 |
MacroGenics, Inc. (a) | 1,911 | 10,224 |
Madrigal Pharmaceuticals, Inc. (a) | 475 | 109,725 |
MannKind Corp. (a) | 8,980 | 36,549 |
MeiraGTx Holdings PLC (a) | 1,671 | 11,229 |
Merrimack Pharmaceuticals, Inc. (a) | 365 | 4,489 |
Mersana Therapeutics, Inc. (a) | 3,293 | 10,834 |
MiMedx Group, Inc. (a) | 3,969 | 26,235 |
Mineralys Therapeutics, Inc. (a) | 526 | 8,968 |
Mirati Therapeutics, Inc. (a) | 500 | 18,065 |
Mirum Pharmaceuticals, Inc. (a) | 932 | 24,111 |
Moderna, Inc. (a) | 4,108 | 499,122 |
Monte Rosa Therapeutics, Inc. (a) | 1,484 | 10,165 |
Morphic Holding, Inc. (a) | 1,060 | 60,770 |
Myriad Genetics, Inc. (a) | 2,793 | 64,742 |
Natera, Inc. (a) | 1,100 | 53,526 |
Neurocrine Biosciences, Inc. (a) | 1,200 | 113,160 |
Nkarta, Inc. (a) | 1,076 | 2,356 |
Novavax, Inc. (a) | 3,034 | 22,543 |
Nurix Therapeutics, Inc. (a) | 1,479 | 14,775 |
Nuvalent, Inc., Class A (a) | 836 | 35,254 |
Nuvectis Pharma, Inc. (a) | 239 | 3,817 |
Ocean Biomedical, Inc. (a) | 304 | 1,827 |
Olema Pharmaceuticals, Inc. (a) | 935 | 8,443 |
Omega Therapeutics, Inc. (a) | 849 | 4,754 |
Organogenesis Holdings, Inc. (a) | 2,288 | 7,596 |
ORIC Pharmaceuticals, Inc. (a) | 1,360 | 10,554 |
Outlook Therapeutics, Inc. (a) | 5,405 | 9,405 |
Ovid therapeutics, Inc. (a) | 2,078 | 6,816 |
PDS Biotechnology Corp. (a) | 974 | 4,899 |
PepGen, Inc. (a) | 719 | 6,428 |
PMV Pharmaceuticals, Inc. (a) | 1,238 | 7,750 |
Point Biopharma Global, Inc. (a) | 3,084 | 27,941 |
Poseida Therapeutics, Inc. (a) | 2,368 | 4,168 |
State Street Total Return V.I.S. Fund | 9 |
Number of Shares | Fair Value | |
Precigen, Inc. (a) | 6,491 | $ 7,465 |
Prime Medicine, Inc. (a) | 1,378 | 20,188 |
ProKidney Corp. (a) | 2,150 | 24,058 |
Protagonist Therapeutics, Inc. (a) | 1,889 | 52,174 |
Protalix BioTherapeutics, Inc. (a) | 1,957 | 3,914 |
PTC Therapeutics, Inc. (a) | 2,430 | 98,828 |
Rallybio Corp. (a) | 1,065 | 6,028 |
RAPT Therapeutics, Inc. (a) | 958 | 17,915 |
Recursion Pharmaceuticals, Inc., Class A (a) | 4,830 | 36,080 |
Regeneron Pharmaceuticals, Inc. (a) | 1,241 | 891,708 |
REGENXBIO, Inc. (a) | 1,421 | 28,406 |
Relay Therapeutics, Inc. (a) | 3,146 | 39,514 |
Reneo Pharmaceuticals, Inc. (a) | 337 | 2,211 |
Replimune Group, Inc. (a) | 1,419 | 32,949 |
REVOLUTION Medicines, Inc. (a) | 3,534 | 94,534 |
Rhythm Pharmaceuticals, Inc. (a) | 1,790 | 29,517 |
Rigel Pharmaceuticals, Inc. (a) | 5,963 | 7,692 |
Rocket Pharmaceuticals, Inc. (a) | 1,969 | 39,124 |
Roivant Sciences Ltd. (a) | 2,100 | 21,168 |
Sage Therapeutics, Inc. (a) | 1,842 | 86,611 |
Sana Biotechnology, Inc. (a) | 3,187 | 18,995 |
Sangamo Therapeutics, Inc. (a) | 6,601 | 8,581 |
Sarepta Therapeutics, Inc. (a) | 1,000 | 114,520 |
Savara, Inc. (a) | 2,657 | 8,489 |
Scholar Rock Holding Corp. (a) | 988 | 7,450 |
Seagen, Inc. (a) | 1,700 | 327,182 |
Selecta Biosciences, Inc. (a) | 4,047 | 4,533 |
Seres Therapeutics, Inc. (a) | 3,390 | 16,238 |
SpringWorks Therapeutics, Inc. (a) | 2,030 | 53,227 |
Stoke Therapeutics, Inc. (a) | 1,137 | 12,086 |
Summit Therapeutics, Inc. (a) | 4,038 | 10,135 |
Sutro Biopharma, Inc. (a) | 2,642 | 12,285 |
Syndax Pharmaceuticals, Inc. (a) | 2,296 | 48,055 |
Tango Therapeutics, Inc. (a) | 2,348 | 7,795 |
Tenaya Therapeutics, Inc. (a) | 1,595 | 9,363 |
TG Therapeutics, Inc. (a) | 4,781 | 118,760 |
Travere Therapeutics, Inc. (a) | 2,538 | 38,984 |
Twist Bioscience Corp. (a) | 2,027 | 41,472 |
Tyra Biosciences, Inc. (a) | 664 | 11,308 |
Ultragenyx Pharmaceutical, Inc. (a) | 700 | 32,291 |
United Therapeutics Corp. (a) | 611 | 134,878 |
UroGen Pharma Ltd. (a) | 682 | 7,059 |
Vanda Pharmaceuticals, Inc. (a) | 1,758 | 11,585 |
Number of Shares | Fair Value | |
Vaxcyte, Inc. (a) | 3,204 | $ 160,008 |
Vaxxinity, Inc., Class A (a) | 1,485 | 3,742 |
Vera Therapeutics, Inc. (a) | 1,114 | 17,880 |
Veracyte, Inc. (a) | 2,503 | 63,751 |
Vericel Corp. (a) | 1,649 | 61,953 |
Vertex Pharmaceuticals, Inc. (a) | 3,081 | 1,084,235 |
Verve Therapeutics, Inc. (a) | 1,768 | 33,150 |
Vigil Neuroscience, Inc. (a) | 560 | 5,264 |
Viking Therapeutics, Inc. (a) | 3,350 | 54,303 |
Vir Biotechnology, Inc. (a) | 2,918 | 71,579 |
Viridian Therapeutics, Inc. (a) | 1,470 | 34,971 |
Vor BioPharma, Inc. (a) | 1,313 | 4,057 |
Voyager Therapeutics, Inc. (a) | 1,107 | 12,675 |
X4 Pharmaceuticals, Inc. (a) | 4,290 | 8,323 |
Xencor, Inc. (a) | 2,006 | 50,090 |
XOMA Corp. (a) | 255 | 4,817 |
Y-mAbs Therapeutics, Inc. (a) | 1,239 | 8,413 |
Zentalis Pharmaceuticals, Inc. (a) | 1,654 | 46,659 |
Zymeworks, Inc. (a) | 1,860 | 16,070 |
18,129,792 | ||
Brewers - 0.0%* | ||
Boston Beer Co., Inc., Class A (a) | 114 | 35,162 |
Molson Coors Beverage Co., Class B | 2,200 | 144,848 |
180,010 | ||
Broadcasting - 0.0%* | ||
AMC Networks, Inc., Class A (a) | 977 | 11,675 |
Entravision Communications Corp., Class A | 1,876 | 8,236 |
EW Scripps Co., Class A (a) | 1,887 | 17,266 |
Fox Corp., Class A | 3,800 | 129,200 |
Fox Corp., Class B | 1,200 | 38,268 |
Gray Television, Inc. | 2,672 | 21,055 |
iHeartMedia, Inc., Class A (a) | 3,860 | 14,050 |
Nexstar Media Group, Inc. | 424 | 70,617 |
Paramount Global, Class B | 6,904 | 109,843 |
Sinclair, Inc. | 1,311 | 18,118 |
TEGNA, Inc. | 7,844 | 127,387 |
Townsquare Media, Inc., Class A | 407 | 4,847 |
Urban One, Inc. (a) | 814 | 4,883 |
575,445 | ||
Broadline Retail - 1.1% | ||
Amazon.com, Inc. (a) | 107,020 | 13,951,127 |
Big Lots, Inc. | 1,310 | 11,567 |
ContextLogic, Inc., Class A (a) | 956 | 6,291 |
Dillard's, Inc., Class A | 126 | 41,111 |
eBay, Inc. | 6,848 | 306,037 |
10 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Etsy, Inc. (a) | 1,591 | $ 134,615 |
Kohl's Corp. | 1,200 | 27,660 |
Macy's, Inc. | 3,000 | 48,150 |
Nordstrom, Inc. | 500 | 10,235 |
Ollie's Bargain Outlet Holdings, Inc. (a) | 800 | 46,344 |
14,583,137 | ||
Building Products - 0.3% | ||
A O Smith Corp. | 1,406 | 102,329 |
AAON, Inc. | 1,575 | 149,326 |
Advanced Drainage Systems, Inc. | 700 | 79,646 |
Allegion PLC | 1,156 | 138,743 |
American Woodmark Corp. (a) | 588 | 44,906 |
Apogee Enterprises, Inc. | 731 | 34,701 |
Armstrong World Industries, Inc. | 500 | 36,730 |
AZEK Co., Inc. (a) | 1,400 | 42,406 |
AZZ, Inc. | 868 | 37,723 |
Builders FirstSource, Inc. (a) | 1,700 | 231,200 |
Carlisle Cos., Inc. | 580 | 148,787 |
Carrier Global Corp. | 9,692 | 481,789 |
CSW Industrials, Inc. | 537 | 89,244 |
Fortune Brands Innovations, Inc. | 1,435 | 103,248 |
Gibraltar Industries, Inc. (a) | 1,086 | 68,331 |
Griffon Corp. | 1,534 | 61,820 |
Insteel Industries, Inc. | 603 | 18,765 |
Janus International Group, Inc. (a) | 2,961 | 31,564 |
JELD-WEN Holding, Inc. (a) | 2,943 | 51,620 |
Johnson Controls International PLC | 7,895 | 537,965 |
Lennox International, Inc. | 400 | 130,428 |
Masco Corp. | 2,800 | 160,664 |
Masonite International Corp. (a) | 775 | 79,391 |
Masterbrand, Inc. (a) | 4,523 | 52,603 |
Owens Corning | 1,199 | 156,470 |
PGT Innovations, Inc. (a) | 2,020 | 58,883 |
Quanex Building Products Corp. | 1,185 | 31,817 |
Resideo Technologies, Inc. (a) | 5,107 | 90,190 |
Simpson Manufacturing Co., Inc. | 1,499 | 207,612 |
Trane Technologies PLC | 2,813 | 538,014 |
Trex Co., Inc. (a) | 1,396 | 91,522 |
UFP Industries, Inc. | 2,095 | 203,320 |
Zurn Elkay Water Solutions Corp., Class C | 5,160 | 138,752 |
4,430,509 | ||
Cable & Satellite - 0.2% | ||
Cable One, Inc. | 64 | 42,053 |
Number of Shares | Fair Value | |
Charter Communications, Inc., Class A (a) | 1,223 | $ 449,293 |
Comcast Corp., Class A | 49,189 | 2,043,803 |
Liberty Broadband Corp., Class C (a) | 1,500 | 120,165 |
Liberty Media Corp.-Liberty SiriusXM, Class A (a) | 1,200 | 39,372 |
Liberty Media Corp.-Liberty SiriusXM, Class C (a) | 1,497 | 48,997 |
Sirius XM Holdings, Inc. | 7,300 | 33,069 |
WideOpenWest, Inc. (a) | 1,734 | 14,635 |
2,791,387 | ||
Cargo Ground Transportation - 0.1% | ||
ArcBest Corp. | 843 | 83,288 |
Covenant Logistics Group, Inc. | 292 | 12,798 |
Daseke, Inc. (a) | 1,887 | 13,454 |
Heartland Express, Inc. | 1,526 | 25,042 |
JB Hunt Transport Services, Inc. | 1,054 | 190,806 |
Knight-Swift Transportation Holdings, Inc. | 2,022 | 112,342 |
Landstar System, Inc. | 444 | 85,488 |
Marten Transport Ltd. | 2,056 | 44,204 |
Old Dominion Freight Line, Inc. | 1,184 | 437,784 |
PAM Transportation Services, Inc. (a) | 233 | 6,237 |
RXO, Inc. (a) | 4,052 | 91,859 |
Ryder System, Inc. | 594 | 50,365 |
Saia, Inc. (a) | 237 | 81,151 |
TuSimple Holdings, Inc., Class A (a) | 7,095 | 11,778 |
U.S. Xpress Enterprises, Inc., Class A (a) | 1,078 | 6,619 |
U-Haul Holding Co. | 747 | 37,851 |
Universal Logistics Holdings, Inc. | 360 | 10,372 |
Werner Enterprises, Inc. | 2,172 | 95,959 |
XPO, Inc. (a) | 1,200 | 70,800 |
1,468,197 | ||
Casinos & Gaming - 0.1% | ||
Accel Entertainment, Inc. (a) | 1,798 | 18,987 |
Bally's Corp. (a) | 1,166 | 18,143 |
Boyd Gaming Corp. | 900 | 62,433 |
Caesars Entertainment, Inc. (a) | 2,359 | 120,238 |
Century Casinos, Inc. (a) | 1,371 | 9,734 |
Churchill Downs, Inc. | 800 | 111,336 |
DraftKings, Inc., Class A (a) | 4,500 | 119,565 |
Everi Holdings, Inc. (a) | 3,061 | 44,262 |
Full House Resorts, Inc. (a) | 1,622 | 10,867 |
Golden Entertainment, Inc. (a) | 660 | 27,588 |
State Street Total Return V.I.S. Fund | 11 |
Number of Shares | Fair Value | |
Inspired Entertainment, Inc. (a) | 756 | $ 11,121 |
International Game Technology PLC | 3,786 | 120,735 |
Las Vegas Sands Corp. (a) | 4,159 | 241,222 |
Light & Wonder, Inc. (a) | 3,185 | 219,001 |
MGM Resorts International | 3,900 | 171,288 |
Monarch Casino & Resort, Inc. | 471 | 33,182 |
Penn Entertainment, Inc. (a) | 1,700 | 40,851 |
PlayAGS, Inc. (a) | 1,287 | 7,272 |
Red Rock Resorts, Inc., Class A | 1,740 | 81,397 |
Rush Street Interactive, Inc. (a) | 3,062 | 9,553 |
Wynn Resorts Ltd. | 1,370 | 144,686 |
1,623,461 | ||
Coal & Consumable Fuels - 0.0%* | ||
Arch Resources, Inc. | 638 | 71,941 |
Centrus Energy Corp., Class A (a) | 490 | 15,954 |
CONSOL Energy, Inc. | 1,195 | 81,033 |
Energy Fuels, Inc. (a) | 5,571 | 34,763 |
Enviva, Inc. | 1,091 | 11,837 |
Hallador Energy Co. (a) | 796 | 6,822 |
NACCO Industries, Inc., Class A | 210 | 7,279 |
Peabody Energy Corp. | 4,345 | 94,113 |
Uranium Energy Corp. (a) | 12,731 | 43,285 |
367,027 | ||
Commercial & Residential Mortgage Finance - 0.1% | ||
Enact Holdings, Inc. | 981 | 24,652 |
Essent Group Ltd. | 3,705 | 173,394 |
Federal Agricultural Mortgage Corp., Class C | 321 | 46,141 |
Finance of America Cos., Inc., Class A (a) | 887 | 1,694 |
Merchants Bancorp | 501 | 12,816 |
MGIC Investment Corp. | 3,500 | 55,265 |
Mr Cooper Group, Inc. (a) | 2,324 | 117,687 |
NMI Holdings, Inc., Class A (a) | 2,862 | 73,897 |
Ocwen Financial Corp. (a) | 224 | 6,713 |
PennyMac Financial Services, Inc. | 936 | 65,810 |
Radian Group, Inc. | 5,442 | 137,574 |
Security National Financial Corp., Class A (a) | 415 | 3,681 |
Velocity Financial, Inc. (a) | 218 | 2,514 |
Walker & Dunlop, Inc. | 1,109 | 87,711 |
Waterstone Financial, Inc. | 919 | 13,316 |
822,865 | ||
Commercial Printing - 0.0%* | ||
Deluxe Corp. | 1,410 | 24,647 |
Number of Shares | Fair Value | |
Ennis, Inc. | 820 | $ 16,711 |
Quad/Graphics, Inc. (a) | 943 | 3,546 |
44,904 | ||
Commodity Chemicals - 0.1% | ||
AdvanSix, Inc. | 881 | 30,817 |
Cabot Corp. | 1,918 | 128,295 |
Core Molding Technologies, Inc. (a) | 270 | 6,143 |
Dow, Inc. | 7,986 | 425,334 |
Hawkins, Inc. | 692 | 33,002 |
Koppers Holdings, Inc. | 662 | 22,574 |
Kronos Worldwide, Inc. | 1,114 | 9,725 |
LyondellBasell Industries NV, Class A | 3,134 | 287,795 |
Mativ Holdings, Inc. | 1,798 | 27,186 |
Olin Corp. | 1,390 | 71,432 |
Origin Materials, Inc. (a) | 3,346 | 14,254 |
PureCycle Technologies, Inc. (a) | 4,049 | 43,284 |
Trinseo PLC | 1,143 | 14,482 |
Tronox Holdings PLC | 4,117 | 52,327 |
Westlake Corp. | 500 | 59,735 |
1,226,385 | ||
Communications Equipment - 0.3% | ||
ADTRAN Holdings, Inc. | 2,730 | 28,747 |
Arista Networks, Inc. (a) | 3,053 | 494,769 |
Aviat Networks, Inc. (a) | 355 | 11,846 |
Calix, Inc. (a) | 2,056 | 102,615 |
Cambium Networks Corp. (a) | 575 | 8,751 |
Ciena Corp. (a) | 1,879 | 79,839 |
Cisco Systems, Inc. | 48,956 | 2,532,983 |
Clearfield, Inc. (a) | 476 | 22,539 |
CommScope Holding Co., Inc. (a) | 7,252 | 40,829 |
Comtech Telecommunications Corp. | 1,246 | 11,388 |
Digi International, Inc. (a) | 1,230 | 48,450 |
DZS, Inc. (a) | 1,034 | 4,105 |
Extreme Networks, Inc. (a) | 4,395 | 114,490 |
F5, Inc. (a) | 700 | 102,382 |
Harmonic, Inc. (a) | 3,839 | 62,077 |
Infinera Corp. (a) | 6,953 | 33,583 |
Juniper Networks, Inc. | 4,155 | 130,176 |
KVH Industries, Inc. (a) | 654 | 5,977 |
Lumentum Holdings, Inc. (a) | 800 | 45,384 |
Motorola Solutions, Inc. | 2,029 | 595,065 |
NETGEAR, Inc. (a) | 912 | 12,914 |
NetScout Systems, Inc. (a) | 2,364 | 73,166 |
Ribbon Communications, Inc. (a) | 3,535 | 9,863 |
Viasat, Inc. (a) | 700 | 28,882 |
12 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Viavi Solutions, Inc. (a) | 7,823 | $ 88,635 |
4,689,455 | ||
Computer & Electronics Retail - 0.0%* | ||
Best Buy Co., Inc. | 2,538 | 207,989 |
GameStop Corp., Class A (a) | 3,700 | 89,725 |
Upbound Group, Inc. | 1,922 | 59,832 |
357,546 | ||
Construction & Engineering - 0.2% | ||
AECOM | 1,600 | 135,504 |
Ameresco, Inc., Class A (a) | 1,119 | 54,417 |
API Group Corp. (a) | 7,358 | 200,579 |
Arcosa, Inc. | 1,706 | 129,264 |
Argan, Inc. | 412 | 16,237 |
Bowman Consulting Group Ltd. (a) | 350 | 11,158 |
Comfort Systems USA, Inc. | 1,241 | 203,772 |
Concrete Pumping Holdings, Inc. (a) | 1,296 | 10,407 |
Construction Partners, Inc., Class A (a) | 1,408 | 44,197 |
Dycom Industries, Inc. (a) | 1,018 | 115,696 |
EMCOR Group, Inc. | 400 | 73,912 |
Fluor Corp. (a) | 4,992 | 147,763 |
Granite Construction, Inc. | 1,546 | 61,500 |
Great Lakes Dredge & Dock Corp. (a) | 2,065 | 16,850 |
IES Holdings, Inc. (a) | 269 | 15,301 |
INNOVATE Corp. (a) | 1,600 | 2,800 |
Limbach Holdings, Inc. (a) | 321 | 7,938 |
MasTec, Inc. (a) | 800 | 94,376 |
MDU Resources Group, Inc. | 2,200 | 46,068 |
MYR Group, Inc. (a) | 571 | 78,992 |
Northwest Pipe Co. (a) | 453 | 13,699 |
Primoris Services Corp. | 1,866 | 56,857 |
Quanta Services, Inc. | 1,738 | 341,430 |
Sterling Infrastructure, Inc. (a) | 1,030 | 57,474 |
Tutor Perini Corp. (a) | 2,057 | 14,708 |
Valmont Industries, Inc. | 239 | 69,561 |
WillScot Mobile Mini Holdings Corp. (a) | 2,500 | 119,475 |
2,139,935 | ||
Construction Machinery & Heavy Transportation Equipment - 0.3% | ||
Alamo Group, Inc. | 351 | 64,552 |
Allison Transmission Holdings, Inc. | 1,100 | 62,106 |
Astec Industries, Inc. | 817 | 37,124 |
Blue Bird Corp. (a) | 548 | 12,319 |
Caterpillar, Inc. | 6,115 | 1,504,596 |
Commercial Vehicle Group, Inc. (a) | 1,119 | 12,421 |
Cummins, Inc. | 1,758 | 430,991 |
Number of Shares | Fair Value | |
Douglas Dynamics, Inc. | 732 | $ 21,872 |
Federal Signal Corp. | 2,103 | 134,655 |
Greenbrier Cos., Inc. | 1,125 | 48,487 |
Hyliion Holdings Corp. (a) | 5,974 | 9,977 |
Manitowoc Co., Inc. (a) | 1,119 | 21,071 |
Microvast Holdings, Inc. (a) | 3,663 | 5,861 |
Miller Industries, Inc. | 352 | 12,485 |
Nikola Corp. (a) | 20,690 | 28,552 |
Oshkosh Corp. | 900 | 77,931 |
PACCAR, Inc. | 6,305 | 527,413 |
Proterra, Inc. (a) | 10,104 | 12,125 |
REV Group, Inc. | 1,041 | 13,804 |
Shyft Group, Inc. | 1,129 | 24,906 |
Terex Corp. | 2,347 | 140,421 |
Trinity Industries, Inc. | 2,867 | 73,711 |
Wabash National Corp. | 1,690 | 43,332 |
Westinghouse Air Brake Technologies Corp. | 2,241 | 245,770 |
3,566,482 | ||
Construction Materials - 0.1% | ||
Eagle Materials, Inc. | 400 | 74,568 |
Holcim AG (a) | 8,412 | 567,283 |
James Hardie Industries PLC (a) | 6,608 | 176,142 |
Knife River Corp. (a) | 1,776 | 77,256 |
Martin Marietta Materials, Inc. | 767 | 354,116 |
Summit Materials, Inc., Class A (a) | 4,181 | 158,251 |
U.S. Lime & Minerals, Inc. | 63 | 13,160 |
Vulcan Materials Co. | 1,631 | 367,693 |
1,788,469 | ||
Consumer Electronics - 0.0%* | ||
Garmin Ltd. | 1,848 | 192,728 |
GoPro, Inc., Class A (a) | 4,189 | 17,343 |
Snap One Holdings Corp. (a) | 920 | 10,718 |
Sonos, Inc. (a) | 4,386 | 71,623 |
Vizio Holding Corp., Class A (a) | 2,643 | 17,840 |
VOXX International Corp. (a) | 484 | 6,040 |
316,292 | ||
Consumer Finance - 0.2% | ||
Ally Financial, Inc. | 3,427 | 92,563 |
American Express Co. | 7,057 | 1,229,329 |
Atlanticus Holdings Corp. (a) | 130 | 5,461 |
Bread Financial Holdings, Inc. | 1,760 | 55,246 |
Capital One Financial Corp. | 4,310 | 471,385 |
Consumer Portfolio Services, Inc. (a) | 417 | 4,866 |
Credit Acceptance Corp. (a) | 81 | 41,142 |
Discover Financial Services | 3,075 | 359,314 |
Encore Capital Group, Inc. (a) | 825 | 40,111 |
State Street Total Return V.I.S. Fund | 13 |
Number of Shares | Fair Value | |
Enova International, Inc. (a) | 1,083 | $ 57,529 |
FirstCash Holdings, Inc. | 1,302 | 121,516 |
Green Dot Corp., Class A (a) | 1,539 | 28,841 |
LendingClub Corp. (a) | 3,770 | 36,758 |
LendingTree, Inc. (a) | 490 | 10,834 |
Navient Corp. | 3,227 | 59,958 |
Nelnet, Inc., Class A | 512 | 49,398 |
NerdWallet, Inc., Class A (a) | 1,193 | 11,226 |
OneMain Holdings, Inc. | 1,500 | 65,535 |
PRA Group, Inc. (a) | 1,279 | 29,225 |
PROG Holdings, Inc. (a) | 1,615 | 51,874 |
Regional Management Corp. | 380 | 11,590 |
SLM Corp. | 3,000 | 48,960 |
SoFi Technologies, Inc. (a) | 11,400 | 95,076 |
Synchrony Financial | 5,442 | 184,593 |
Upstart Holdings, Inc. (a) | 2,513 | 89,991 |
World Acceptance Corp. (a) | 130 | 17,421 |
3,269,742 | ||
Consumer Staples Merchandise Retail - 0.5% | ||
BJ's Wholesale Club Holdings, Inc. (a) | 1,700 | 107,117 |
Costco Wholesale Corp. | 5,275 | 2,839,954 |
Dollar General Corp. | 2,637 | 447,710 |
Dollar Tree, Inc. (a) | 2,326 | 333,781 |
PriceSmart, Inc. | 896 | 66,358 |
Target Corp. | 5,374 | 708,831 |
Walmart, Inc. | 16,908 | 2,657,599 |
7,161,350 | ||
Copper - 0.0%* | ||
Freeport-McMoRan, Inc. | 16,498 | 659,920 |
Data Center REITs - 0.1% | ||
Digital Realty Trust, Inc. | 3,321 | 378,162 |
Equinix, Inc. | 1,118 | 876,445 |
1,254,607 | ||
Data Processing & Outsourced Services - 0.1% | ||
Broadridge Financial Solutions, Inc. | 1,447 | 239,667 |
Concentrix Corp. | 452 | 36,499 |
Conduent, Inc. (a) | 5,498 | 18,693 |
CSG Systems International, Inc. | 1,090 | 57,487 |
ExlService Holdings, Inc. (a) | 1,135 | 171,453 |
Genpact Ltd. | 2,200 | 82,654 |
IBEX Holdings Ltd. (a) | 428 | 9,086 |
Maximus, Inc. | 2,122 | 179,330 |
SS&C Technologies Holdings, Inc. | 2,800 | 169,680 |
TTEC Holdings, Inc. | 680 | 23,011 |
Verra Mobility Corp. (a) | 4,875 | 96,135 |
1,083,695 |
Number of Shares | Fair Value | |
Distillers & Vintners - 0.1% | ||
Brown-Forman Corp., Class B | 2,335 | $ 155,931 |
Brown-Forman Corp., Class A | 600 | 40,842 |
Constellation Brands, Inc., Class A | 1,708 | 420,390 |
Duckhorn Portfolio, Inc. (a) | 1,536 | 19,922 |
MGP Ingredients, Inc. | 553 | 58,773 |
695,858 | ||
Distributors - 0.0%* | ||
Genuine Parts Co. | 1,700 | 287,691 |
LKQ Corp. | 3,146 | 183,317 |
Pool Corp. | 423 | 158,473 |
Weyco Group, Inc. | 307 | 8,194 |
637,675 | ||
Diversified Banks - 0.9% | ||
Bank of America Corp. | 82,551 | 2,368,388 |
Citigroup, Inc. | 22,752 | 1,047,502 |
JPMorgan Chase & Co. | 34,741 | 5,052,731 |
KeyCorp | 11,751 | 108,579 |
PNC Financial Services Group, Inc. | 4,615 | 581,260 |
U.S. Bancorp | 17,500 | 578,200 |
Wells Fargo & Co. | 45,159 | 1,927,386 |
11,664,046 | ||
Diversified Capital Markets - 0.0%* | ||
Forge Global Holdings, Inc. (a) | 3,829 | 9,304 |
Diversified Chemicals - 0.0%* | ||
Chemours Co. | 2,100 | 77,469 |
Huntsman Corp. | 1,911 | 51,635 |
LSB Industries, Inc. (a) | 1,916 | 18,873 |
147,977 | ||
Diversified Financial Services - 0.1% | ||
Alerus Financial Corp. | 744 | 13,377 |
Apollo Global Management, Inc. | 5,854 | 449,646 |
Equitable Holdings, Inc. | 4,700 | 127,652 |
Jackson Financial, Inc., Class A | 2,838 | 86,871 |
NewtekOne, Inc. | 812 | 12,911 |
Voya Financial, Inc. | 1,100 | 78,881 |
769,338 | ||
Diversified Metals & Mining - 0.0%* | ||
5E Advanced Materials, Inc. (a) | 1,943 | 6,373 |
Compass Minerals International, Inc. | 1,220 | 41,480 |
Contango ORE, Inc. (a) | 130 | 3,312 |
Ferroglobe PLC (a)(c)** | 1,316 | — |
14 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Ivanhoe Electric, Inc. (a) | 1,945 | $ 25,363 |
Materion Corp. | 711 | 81,196 |
MP Materials Corp. (a) | 800 | 18,304 |
Piedmont Lithium, Inc. (a) | 619 | 35,723 |
211,751 | ||
Diversified Real Estate Activities - 0.0%* | ||
RMR Group, Inc., Class A | 485 | 11,238 |
St. Joe Co. | 1,209 | 58,443 |
Tejon Ranch Co. (a) | 658 | 11,324 |
81,005 | ||
Diversified REITs - 0.0%* | ||
Alexander & Baldwin, Inc. | 2,551 | 47,398 |
Alpine Income Property Trust, Inc. | 454 | 7,378 |
American Assets Trust, Inc. | 1,621 | 31,123 |
Armada Hoffler Properties, Inc. | 2,197 | 25,661 |
Broadstone Net Lease, Inc. | 6,556 | 101,225 |
CTO Realty Growth, Inc. | 959 | 16,437 |
Empire State Realty Trust, Inc., Class A | 4,359 | 32,649 |
Essential Properties Realty Trust, Inc. | 5,189 | 122,149 |
Gladstone Commercial Corp. | 1,258 | 15,562 |
Global Net Lease, Inc. | 3,723 | 38,272 |
NexPoint Diversified Real Estate Trust | 1,070 | 13,396 |
One Liberty Properties, Inc. | 516 | 10,485 |
Star Holdings (a) | 599 | 8,787 |
WP Carey, Inc. | 2,531 | 170,994 |
641,516 | ||
Diversified Support Services - 0.1% | ||
ACV Auctions, Inc., Class A (a) | 4,430 | 76,506 |
Aurora Innovation, Inc. (a) | 10,599 | 31,161 |
Cintas Corp. | 1,043 | 518,454 |
Copart, Inc. (a) | 5,248 | 478,670 |
Healthcare Services Group, Inc. | 2,650 | 39,565 |
Liquidity Services, Inc. (a) | 1,062 | 17,523 |
Matthews International Corp., Class A | 1,057 | 45,049 |
OPENLANE, Inc. (a) | 3,775 | 57,455 |
Performant Financial Corp. (a) | 2,345 | 6,332 |
UniFirst Corp. | 513 | 79,520 |
Viad Corp. (a) | 644 | 17,311 |
VSE Corp. | 340 | 18,595 |
1,386,141 | ||
Drug Retail - 0.0%* | ||
Walgreens Boots Alliance, Inc. | 8,976 | 255,726 |
Number of Shares | Fair Value | |
Education Services - 0.1% | ||
2U, Inc. (a) | 2,439 | $ 9,829 |
Adtalem Global Education, Inc. (a) | 1,565 | 53,742 |
Bright Horizons Family Solutions, Inc. (a) | 491 | 45,393 |
Chegg, Inc. (a) | 4,147 | 36,825 |
Coursera, Inc. (a) | 4,539 | 59,098 |
Duolingo, Inc. (a) | 1,000 | 142,940 |
Graham Holdings Co., Class B | 128 | 73,149 |
Grand Canyon Education, Inc. (a) | 300 | 30,963 |
Laureate Education, Inc. | 4,698 | 56,799 |
Lincoln Educational Services Corp. (a) | 825 | 5,561 |
Nerdy, Inc. (a) | 2,782 | 11,601 |
Perdoceo Education Corp. (a) | 2,210 | 27,117 |
Strategic Education, Inc. | 792 | 53,729 |
Stride, Inc. (a) | 1,467 | 54,616 |
Udemy, Inc. (a) | 2,990 | 32,083 |
Universal Technical Institute, Inc. (a) | 1,648 | 11,388 |
704,833 | ||
Electric Utilities - 0.6% | ||
ALLETE, Inc. | 2,023 | 117,273 |
Alliant Energy Corp. | 3,156 | 165,627 |
American Electric Power Company, Inc. | 5,888 | 495,770 |
Avangrid, Inc. | 898 | 33,837 |
Constellation Energy Corp. | 3,807 | 348,531 |
Duke Energy Corp. | 8,988 | 806,583 |
Edison International | 4,711 | 327,179 |
Entergy Corp. | 2,584 | 251,604 |
Evergy, Inc. | 2,787 | 162,817 |
Eversource Energy | 4,314 | 305,949 |
Exelon Corp. | 11,388 | 463,947 |
FirstEnergy Corp. | 6,828 | 265,473 |
Genie Energy Ltd., Class B | 689 | 9,742 |
Hawaiian Electric Industries, Inc. | 1,100 | 39,820 |
IDACORP, Inc. | 700 | 71,820 |
MGE Energy, Inc. | 1,289 | 101,973 |
NextEra Energy, Inc. | 23,757 | 1,762,769 |
NRG Energy, Inc. | 2,461 | 92,017 |
OGE Energy Corp. | 2,650 | 95,161 |
Otter Tail Corp. | 1,445 | 114,097 |
PG&E Corp. (a) | 20,500 | 354,240 |
Pinnacle West Capital Corp. | 1,484 | 120,887 |
PNM Resources, Inc. | 3,001 | 135,345 |
Portland General Electric Co. | 3,387 | 158,613 |
PPL Corp. | 9,200 | 243,432 |
Southern Co. | 12,785 | 898,146 |
Xcel Energy, Inc. | 6,773 | 421,077 |
8,363,729 |
State Street Total Return V.I.S. Fund | 15 |
Number of Shares | Fair Value | |
Electrical Components & Equipment - 0.4% | ||
Acuity Brands, Inc. | 400 | $ 65,232 |
Allied Motion Technologies, Inc. | 485 | 19,371 |
AMETEK, Inc. | 2,827 | 457,635 |
Array Technologies, Inc. (a) | 5,220 | 117,972 |
Atkore, Inc. (a) | 1,380 | 215,197 |
Blink Charging Co. (a) | 1,834 | 10,986 |
ChargePoint Holdings, Inc. (a) | 2,400 | 21,096 |
Eaton Corp. PLC | 4,618 | 928,680 |
Emerson Electric Co. | 6,529 | 590,156 |
Encore Wire Corp. | 584 | 108,583 |
EnerSys | 1,439 | 156,160 |
Enovix Corp. (a) | 4,773 | 86,105 |
Eos Energy Enterprises, Inc. (a) | 3,750 | 16,275 |
ESS Tech, Inc. (a) | 2,528 | 3,716 |
Fluence Energy, Inc. (a) | 1,314 | 35,005 |
FTC Solar, Inc. (a) | 2,225 | 7,165 |
FuelCell Energy, Inc. (a) | 14,617 | 31,573 |
Generac Holdings, Inc. (a) | 798 | 119,006 |
GrafTech International Ltd. | 6,383 | 32,170 |
Hubbell, Inc. | 600 | 198,936 |
LSI Industries, Inc. | 912 | 11,455 |
NEXTracker, Inc., Class A (a) | 1,088 | 43,313 |
nVent Electric PLC | 2,100 | 108,507 |
Plug Power, Inc. (a) | 7,200 | 74,808 |
Powell Industries, Inc. | 289 | 17,511 |
Preformed Line Products Co. | 78 | 12,176 |
Regal Rexnord Corp. | 867 | 133,431 |
Rockwell Automation, Inc. | 1,422 | 468,478 |
Schneider Electric SE | 8,218 | 1,492,745 |
Sensata Technologies Holding PLC | 1,800 | 80,982 |
SES AI Corp. (a) | 4,351 | 10,616 |
Shoals Technologies Group, Inc., Class A (a) | 5,979 | 152,823 |
SKYX Platforms Corp. (a) | 1,981 | 5,269 |
Stem, Inc. (a) | 4,705 | 26,913 |
SunPower Corp. (a) | 3,044 | 29,831 |
Sunrun, Inc. (a) | 2,300 | 41,078 |
Thermon Group Holdings, Inc. (a) | 1,170 | 31,122 |
Vertiv Holdings Co. | 3,500 | 86,695 |
Vicor Corp. (a) | 777 | 41,958 |
6,090,730 | ||
Electronic Components - 0.1% | ||
Akoustis Technologies, Inc. (a) | 3,351 | 10,656 |
Amphenol Corp., Class A | 6,699 | 569,080 |
Bel Fuse, Inc., Class B | 365 | 20,955 |
Belden, Inc. | 1,469 | 140,510 |
Coherent Corp. (a) | 1,373 | 69,995 |
Corning, Inc. | 9,217 | 322,964 |
Number of Shares | Fair Value | |
Knowles Corp. (a) | 3,143 | $ 56,763 |
Lightwave Logic, Inc. (a) | 4,024 | 28,047 |
Littelfuse, Inc. | 300 | 87,393 |
Rogers Corp. (a) | 604 | 97,806 |
Vishay Intertechnology, Inc. | 4,560 | 134,064 |
1,538,233 | ||
Electronic Equipment & Instruments - 0.2% | ||
908 Devices, Inc. (a) | 724 | 4,967 |
Advanced Energy Industries, Inc. | 1,300 | 144,885 |
Aeva Technologies, Inc. (a) | 3,153 | 3,941 |
Arlo Technologies, Inc. (a) | 3,094 | 33,755 |
Badger Meter, Inc. | 1,030 | 151,987 |
Cognex Corp. | 2,200 | 123,244 |
Daktronics, Inc. (a) | 1,361 | 8,710 |
Evolv Technologies Holdings, Inc. (a) | 4,131 | 24,786 |
FARO Technologies, Inc. (a) | 603 | 9,769 |
Iteris, Inc. (a) | 1,489 | 5,896 |
Itron, Inc. (a) | 1,590 | 114,639 |
Keysight Technologies, Inc. (a) | 1,973 | 330,379 |
Luna Innovations, Inc. (a) | 1,119 | 10,205 |
MicroVision, Inc. (a) | 5,922 | 27,123 |
Mirion Technologies, Inc. (a) | 6,985 | 59,023 |
Napco Security Technologies, Inc. | 1,111 | 38,496 |
National Instruments Corp. | 1,700 | 97,580 |
nLight, Inc. (a) | 1,414 | 21,804 |
Novanta, Inc. (a) | 1,253 | 230,677 |
OSI Systems, Inc. (a) | 558 | 65,749 |
PAR Technology Corp. (a) | 949 | 31,251 |
SmartRent, Inc. (a) | 6,423 | 24,600 |
Teledyne Technologies, Inc. (a) | 505 | 207,611 |
Tingo Group, Inc. (a) | 4,255 | 5,149 |
Trimble, Inc. (a) | 3,132 | 165,808 |
Vishay Precision Group, Inc. (a) | 400 | 14,860 |
Vontier Corp. | 1,699 | 54,725 |
Vuzix Corp. (a) | 2,057 | 10,491 |
Zebra Technologies Corp., Class A (a) | 659 | 194,952 |
2,217,062 | ||
Electronic Manufacturing Services - 0.0%* | ||
Benchmark Electronics, Inc. | 1,238 | 31,978 |
CTS Corp. | 1,116 | 47,575 |
IPG Photonics Corp. (a) | 500 | 67,910 |
Jabil, Inc. | 1,614 | 174,199 |
Kimball Electronics, Inc. (a) | 774 | 21,386 |
Methode Electronics, Inc. | 1,243 | 41,665 |
Plexus Corp. (a) | 955 | 93,819 |
Sanmina Corp. (a) | 2,018 | 121,625 |
16 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
TTM Technologies, Inc. (a) | 3,569 | $ 49,609 |
649,766 | ||
Environmental & Facilities Services - 0.2% | ||
ABM Industries, Inc. | 2,279 | 97,199 |
Aris Water Solutions, Inc., Class A | 1,117 | 11,527 |
BrightView Holdings, Inc. (a) | 2,021 | 14,511 |
Casella Waste Systems, Inc., Class A (a) | 1,932 | 174,749 |
CECO Environmental Corp. (a) | 1,035 | 13,828 |
Clean Harbors, Inc. (a) | 600 | 98,658 |
Enviri Corp. (a) | 2,761 | 27,251 |
Heritage-Crystal Clean, Inc. (a) | 507 | 19,160 |
LanzaTech Global, Inc. (a) | 719 | 4,911 |
Montrose Environmental Group, Inc. (a) | 977 | 41,151 |
Republic Services, Inc. | 2,490 | 381,393 |
Rollins, Inc. | 2,978 | 127,548 |
SP Plus Corp. (a) | 655 | 25,617 |
Stericycle, Inc. (a) | 1,400 | 65,016 |
Tetra Tech, Inc. | 700 | 114,618 |
Waste Management, Inc. | 4,809 | 833,977 |
2,051,114 | ||
Fertilizers & Agricultural Chemicals - 0.1% | ||
American Vanguard Corp. | 909 | 16,244 |
CF Industries Holdings, Inc. | 2,382 | 165,358 |
Corteva, Inc. | 8,202 | 469,975 |
FMC Corp. | 1,464 | 152,754 |
Intrepid Potash, Inc. (a) | 518 | 11,753 |
Mosaic Co. | 3,947 | 138,145 |
Scotts Miracle-Gro Co. | 462 | 28,963 |
983,192 | ||
Financial Exchanges & Data - 0.4% | ||
Bakkt Holdings, Inc. (a) | 1,663 | 2,045 |
Cboe Global Markets, Inc. | 1,252 | 172,789 |
CME Group, Inc. | 4,222 | 782,294 |
Coinbase Global, Inc., Class A (a) | 2,000 | 143,100 |
Donnelley Financial Solutions, Inc. (a) | 902 | 41,068 |
FactSet Research Systems, Inc. | 415 | 166,270 |
Intercontinental Exchange, Inc. | 6,420 | 725,974 |
MarketAxess Holdings, Inc. | 422 | 110,319 |
MarketWise, Inc. | 991 | 1,982 |
Moody's Corp. | 1,938 | 673,881 |
Morningstar, Inc. | 300 | 58,821 |
MSCI, Inc. | 957 | 449,111 |
Nasdaq, Inc. | 4,238 | 211,264 |
Number of Shares | Fair Value | |
Open Lending Corp., Class A (a) | 3,733 | $ 39,234 |
S&P Global, Inc. | 3,836 | 1,537,814 |
Tradeweb Markets, Inc., Class A | 1,273 | 87,175 |
Value Line, Inc. | 20 | 918 |
5,204,059 | ||
Food Distributors - 0.1% | ||
Andersons, Inc. | 1,129 | 52,103 |
Chefs' Warehouse, Inc. (a) | 1,218 | 43,556 |
HF Foods Group, Inc. (a) | 1,972 | 9,249 |
Performance Food Group Co. (a) | 1,900 | 114,456 |
SpartanNash Co. | 1,144 | 25,751 |
Sysco Corp. | 6,218 | 461,376 |
U.S. Foods Holding Corp. (a) | 2,700 | 118,800 |
United Natural Foods, Inc. (a) | 2,085 | 40,762 |
866,053 | ||
Food Retail - 0.1% | ||
Albertsons Cos., Inc., Class A | 3,800 | 82,916 |
Casey's General Stores, Inc. | 478 | 116,575 |
Grocery Outlet Holding Corp. (a) | 900 | 27,549 |
Ingles Markets, Inc., Class A | 506 | 41,821 |
Kroger Co. | 7,939 | 373,133 |
Natural Grocers by Vitamin Cottage, Inc., Class C | 425 | 5,211 |
Sprouts Farmers Market, Inc. (a) | 3,663 | 134,542 |
Village Super Market, Inc., Class A | 426 | 9,721 |
Weis Markets, Inc. | 577 | 37,049 |
828,517 | ||
Footwear - 0.2% | ||
Allbirds, Inc., Class A (a) | 3,139 | 3,955 |
Crocs, Inc. (a) | 500 | 56,220 |
Deckers Outdoor Corp. (a) | 300 | 158,298 |
NIKE, Inc., Class B | 14,371 | 1,586,127 |
Rocky Brands, Inc. | 354 | 7,434 |
Skechers USA, Inc., Class A (a) | 1,800 | 94,788 |
Steven Madden Ltd. | 2,639 | 86,269 |
Wolverine World Wide, Inc. | 2,764 | 40,603 |
2,033,694 | ||
Forest Products - 0.0%* | ||
Louisiana-Pacific Corp. | 1,100 | 82,478 |
Gas Utilities - 0.1% | ||
Atmos Energy Corp. | 1,734 | 201,734 |
Chesapeake Utilities Corp. | 606 | 72,114 |
National Fuel Gas Co. | 900 | 46,224 |
State Street Total Return V.I.S. Fund | 17 |
Number of Shares | Fair Value | |
New Jersey Resources Corp. | 3,374 | $ 159,253 |
Northwest Natural Holding Co. | 1,211 | 52,133 |
ONE Gas, Inc. | 1,925 | 147,859 |
RGC Resources, Inc. | 279 | 5,588 |
Southwest Gas Holdings, Inc. | 2,154 | 137,102 |
Spire, Inc. | 1,804 | 114,446 |
UGI Corp. | 2,800 | 75,516 |
1,011,969 | ||
Gold - 0.0%* | ||
Coeur Mining, Inc. (a) | 11,141 | 31,641 |
Dakota Gold Corp. (a) | 2,650 | 7,738 |
Newmont Corp. | 9,117 | 388,931 |
Perpetua Resources Corp. (a) | 1,316 | 4,830 |
Royal Gold, Inc. | 763 | 87,577 |
520,717 | ||
Health Care REITs - 0.1% | ||
CareTrust REIT, Inc. | 3,452 | 68,557 |
Community Healthcare Trust, Inc. | 890 | 29,388 |
Diversified Healthcare Trust | 8,330 | 18,742 |
Global Medical REIT, Inc. | 1,975 | 18,032 |
Healthcare Realty Trust, Inc. | 4,800 | 90,528 |
Healthpeak Properties, Inc. | 7,136 | 143,434 |
LTC Properties, Inc. | 1,418 | 46,822 |
Medical Properties Trust, Inc. | 7,100 | 65,746 |
National Health Investors, Inc. | 1,455 | 76,271 |
Omega Healthcare Investors, Inc. | 3,100 | 95,139 |
Physicians Realty Trust | 8,300 | 116,117 |
Sabra Health Care REIT, Inc. | 8,102 | 95,361 |
Universal Health Realty Income Trust | 416 | 19,793 |
Ventas, Inc. | 4,738 | 223,965 |
Welltower, Inc. | 5,614 | 454,116 |
1,562,011 | ||
Healthcare Distributors - 0.1% | ||
AdaptHealth Corp. (a) | 2,576 | 31,350 |
AmerisourceBergen Corp. | 1,908 | 367,156 |
Cardinal Health, Inc. | 3,245 | 306,880 |
Henry Schein, Inc. (a) | 1,672 | 135,599 |
McKesson Corp. | 1,621 | 692,670 |
Owens & Minor, Inc. (a) | 2,586 | 49,237 |
Patterson Cos., Inc. | 3,071 | 102,142 |
PetIQ, Inc. (a) | 1,179 | 17,885 |
1,702,919 | ||
Healthcare Equipment - 1.1% | ||
Abbott Laboratories | 20,532 | 2,238,399 |
Accuray, Inc. (a) | 3,250 | 12,578 |
Alphatec Holdings, Inc. (a) | 2,582 | 46,424 |
AngioDynamics, Inc. (a) | 1,618 | 16,876 |
Number of Shares | Fair Value | |
Artivion, Inc. (a) | 1,427 | $ 24,530 |
AtriCure, Inc. (a) | 1,629 | 80,407 |
Axogen, Inc. (a) | 1,763 | 16,096 |
Axonics, Inc. (a) | 1,684 | 84,991 |
Baxter International, Inc. | 6,317 | 287,803 |
Becton Dickinson & Co. | 3,345 | 883,113 |
Beyond Air, Inc. (a) | 893 | 3,804 |
Boston Scientific Corp. (a) | 16,867 | 912,336 |
Butterfly Network, Inc. (a) | 4,184 | 9,623 |
ClearPoint Neuro, Inc. (a) | 799 | 5,785 |
CONMED Corp. | 1,069 | 145,266 |
Cutera, Inc. (a) | 758 | 11,469 |
CVRx, Inc. (a) | 388 | 5,991 |
Dexcom, Inc. (a) | 4,500 | 578,295 |
Edwards Lifesciences Corp. (a) | 7,271 | 685,873 |
Enovis Corp. (a) | 633 | 40,588 |
Envista Holdings Corp. (a) | 1,900 | 64,296 |
GE HealthCare Technologies, Inc. | 4,549 | 369,561 |
Glaukos Corp. (a) | 1,634 | 116,357 |
Globus Medical, Inc., Class A (a) | 800 | 47,632 |
Hologic, Inc. (a) | 3,000 | 242,910 |
IDEXX Laboratories, Inc. (a) | 1,004 | 504,239 |
Inari Medical, Inc. (a) | 1,806 | 105,001 |
Inmode Ltd. (a) | 2,700 | 100,845 |
Inogen, Inc. (a) | 716 | 8,270 |
Inspire Medical Systems, Inc. (a) | 265 | 86,030 |
Insulet Corp. (a) | 868 | 250,279 |
Integer Holdings Corp. (a) | 1,162 | 102,965 |
Integra LifeSciences Holdings Corp. (a) | 900 | 37,017 |
Intuitive Surgical, Inc. (a) | 4,156 | 1,421,103 |
iRadimed Corp. | 221 | 10,551 |
iRhythm Technologies, Inc. (a) | 1,069 | 111,518 |
KORU Medical Systems, Inc. (a) | 1,218 | 4,202 |
LeMaitre Vascular, Inc. | 683 | 45,952 |
LivaNova PLC (a) | 1,898 | 97,614 |
Masimo Corp. (a) | 576 | 94,781 |
Medtronic PLC | 15,932 | 1,403,609 |
Nevro Corp. (a) | 1,242 | 31,572 |
Novocure Ltd. (a) | 1,400 | 58,100 |
NuVasive, Inc. (a) | 1,822 | 75,777 |
Omnicell, Inc. (a) | 1,567 | 115,441 |
Orthofix Medical, Inc. (a) | 1,230 | 22,214 |
Outset Medical, Inc. (a) | 1,726 | 37,748 |
Paragon 28, Inc. (a) | 1,600 | 28,384 |
Penumbra, Inc. (a) | 400 | 137,624 |
PROCEPT BioRobotics Corp. (a) | 1,258 | 44,470 |
Pulmonx Corp. (a) | 1,278 | 16,755 |
Pulse Biosciences, Inc. (a) | 563 | 4,048 |
18 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
QuidelOrtho Corp. (a) | 600 | $ 49,716 |
ResMed, Inc. | 1,759 | 384,341 |
Semler Scientific, Inc. (a) | 174 | 4,566 |
Shockwave Medical, Inc. (a) | 300 | 85,623 |
SI-BONE, Inc. (a) | 1,215 | 32,781 |
Sight Sciences, Inc. (a) | 1,094 | 9,058 |
Silk Road Medical, Inc. (a) | 1,311 | 42,594 |
STERIS PLC | 1,260 | 283,475 |
Stryker Corp. | 4,203 | 1,282,293 |
Surmodics, Inc. (a) | 426 | 13,338 |
Tactile Systems Technology, Inc. (a) | 811 | 20,218 |
Tandem Diabetes Care, Inc. (a) | 700 | 17,178 |
Teleflex, Inc. | 610 | 147,638 |
TransMedics Group, Inc. (a) | 1,106 | 92,882 |
Treace Medical Concepts, Inc. (a) | 1,576 | 40,314 |
Varex Imaging Corp. (a) | 1,387 | 32,692 |
Vicarious Surgical, Inc. (a) | 1,656 | 3,030 |
ViewRay, Inc. (a) | 4,735 | 1,668 |
Zimmer Biomet Holdings, Inc. | 2,370 | 345,072 |
Zimvie, Inc. (a) | 900 | 10,107 |
Zynex, Inc. (a) | 1,065 | 10,213 |
14,795,909 | ||
Healthcare Facilities - 0.1% | ||
Acadia Healthcare Co., Inc. (a) | 1,200 | 95,568 |
Brookdale Senior Living, Inc. (a) | 6,085 | 25,679 |
Cano Health, Inc. (a) | 8,217 | 11,422 |
Community Health Systems, Inc. (a) | 4,070 | 17,908 |
Encompass Health Corp. | 1,100 | 74,481 |
Ensign Group, Inc. | 1,919 | 183,188 |
HCA Healthcare, Inc. | 2,563 | 777,819 |
Joint Corp. (a) | 694 | 9,369 |
National HealthCare Corp. | 411 | 25,408 |
Pennant Group, Inc. (a) | 1,009 | 12,391 |
Select Medical Holdings Corp. | 3,666 | 116,799 |
Surgery Partners, Inc. (a) | 2,353 | 105,861 |
Tenet Healthcare Corp. (a) | 1,400 | 113,932 |
U.S. Physical Therapy, Inc. | 450 | 54,625 |
Universal Health Services, Inc., Class B | 720 | 113,594 |
1,738,044 | ||
Healthcare Services - 0.3% | ||
23andMe Holding Co., Class A (a) | 8,357 | 14,625 |
Accolade, Inc. (a) | 2,188 | 29,472 |
Addus HomeCare Corp. (a) | 548 | 50,800 |
Agiliti, Inc. (a) | 1,037 | 17,111 |
agilon health, Inc. (a) | 2,000 | 34,680 |
Number of Shares | Fair Value | |
AirSculpt Technologies, Inc. | 383 | $ 3,301 |
Amedisys, Inc. (a) | 300 | 27,432 |
AMN Healthcare Services, Inc. (a) | 1,415 | 154,405 |
Apollo Medical Holdings, Inc. (a) | 1,493 | 47,179 |
Aveanna Healthcare Holdings, Inc. (a) | 2,000 | 3,380 |
CareMax, Inc. (a) | 2,959 | 9,202 |
Castle Biosciences, Inc. (a) | 792 | 10,866 |
Chemed Corp. | 159 | 86,126 |
Cigna Group | 3,530 | 990,518 |
CorVel Corp. (a) | 305 | 59,017 |
Cross Country Healthcare, Inc. (a) | 1,276 | 35,830 |
CVS Health Corp. | 15,318 | 1,058,933 |
DaVita, Inc. (a) | 587 | 58,976 |
DocGo, Inc. (a) | 2,687 | 25,177 |
Enhabit, Inc. (a) | 1,755 | 20,182 |
Figs, Inc., Class A (a) | 4,517 | 37,356 |
Fulgent Genetics, Inc. (a) | 680 | 25,180 |
Guardant Health, Inc. (a) | 3,875 | 138,725 |
Hims & Hers Health, Inc. (a) | 4,247 | 39,922 |
InfuSystem Holdings, Inc. (a) | 633 | 6,096 |
Innovage Holding Corp. (a) | 1,017 | 7,628 |
Invitae Corp. (a) | 11,293 | 12,761 |
Laboratory Corp. of America Holdings | 1,087 | 262,326 |
LifeStance Health Group, Inc. (a) | 3,698 | 33,763 |
ModivCare, Inc. (a) | 417 | 18,853 |
National Research Corp. | 504 | 21,929 |
NeoGenomics, Inc. (a) | 4,387 | 70,499 |
OPKO Health, Inc. (a) | 13,086 | 28,397 |
Option Care Health, Inc. (a) | 5,953 | 193,413 |
P3 Health Partners, Inc. (a) | 1,389 | 4,153 |
Pediatrix Medical Group, Inc. (a) | 2,911 | 41,365 |
Premier, Inc., Class A | 1,400 | 38,724 |
Privia Health Group, Inc. (a) | 2,358 | 61,567 |
Quest Diagnostics, Inc. | 1,329 | 186,804 |
Quipt Home Medical Corp. (a) | 1,406 | 7,508 |
R1 RCM, Inc. (a) | 600 | 11,070 |
RadNet, Inc. (a) | 1,747 | 56,987 |
Viemed Healthcare, Inc. (a) | 1,190 | 11,638 |
4,053,876 | ||
Healthcare Supplies - 0.1% | ||
Align Technology, Inc. (a) | 959 | 339,141 |
Atrion Corp. | 45 | 25,456 |
Avanos Medical, Inc. (a) | 1,652 | 42,225 |
Cerus Corp. (a) | 5,542 | 13,633 |
Cooper Cos., Inc. | 530 | 203,218 |
Dentsply Sirona, Inc. | 2,467 | 98,729 |
Embecta Corp. | 2,012 | 43,459 |
State Street Total Return V.I.S. Fund | 19 |
Number of Shares | Fair Value | |
Haemonetics Corp. (a) | 1,763 | $ 150,102 |
ICU Medical, Inc. (a) | 200 | 35,638 |
Lantheus Holdings, Inc. (a) | 2,381 | 199,814 |
Merit Medical Systems, Inc. (a) | 2,001 | 167,364 |
Neogen Corp. (a) | 7,624 | 165,822 |
OraSure Technologies, Inc. (a) | 2,307 | 11,558 |
OrthoPediatrics Corp. (a) | 553 | 24,249 |
RxSight, Inc. (a) | 1,033 | 29,750 |
Sanara Medtech, Inc. (a) | 132 | 5,293 |
STAAR Surgical Co. (a) | 1,718 | 90,315 |
Tela Bio, Inc. (a) | 553 | 5,602 |
UFP Technologies, Inc. (a) | 242 | 46,912 |
Utah Medical Products, Inc. | 108 | 10,066 |
1,708,346 | ||
Healthcare Technology - 0.1% | ||
American Well Corp., Class A (a) | 8,546 | 17,947 |
Certara, Inc. (a) | 1,400 | 25,494 |
Computer Programs & Systems, Inc. (a) | 447 | 11,036 |
Definitive Healthcare Corp. (a) | 1,573 | 17,303 |
Doximity, Inc., Class A (a) | 1,500 | 51,030 |
Evolent Health, Inc., Class A (a) | 3,839 | 116,322 |
Health Catalyst, Inc. (a) | 1,788 | 22,350 |
HealthStream, Inc. | 786 | 19,304 |
Multiplan Corp. (a) | 13,247 | 27,951 |
NextGen Healthcare, Inc. (a) | 1,808 | 29,326 |
OptimizeRx Corp. (a) | 825 | 11,789 |
Phreesia, Inc. (a) | 1,741 | 53,988 |
Schrodinger, Inc. (a) | 1,887 | 94,199 |
Sharecare, Inc. (a) | 10,786 | 18,876 |
Simulations Plus, Inc. | 555 | 24,048 |
Teladoc Health, Inc. (a) | 2,351 | 59,527 |
Veeva Systems, Inc., Class A (a) | 1,579 | 312,216 |
Veradigm, Inc. (a) | 3,796 | 47,830 |
960,536 | ||
Heavy Electrical Equipment - 0.0%* | ||
374Water, Inc. (a) | 2,064 | 4,933 |
Babcock & Wilcox Enterprises, Inc. (a) | 1,917 | 11,310 |
Bloom Energy Corp., Class A (a) | 6,717 | 109,823 |
Energy Vault Holdings, Inc. (a) | 4,171 | 11,387 |
NuScale Power Corp. (a) | 1,868 | 12,703 |
TPI Composites, Inc. (a) | 1,460 | 15,140 |
165,296 | ||
Home Building - 0.2% | ||
Beazer Homes USA, Inc. (a) | 1,062 | 30,044 |
Number of Shares | Fair Value | |
Cavco Industries, Inc. (a) | 306 | $ 90,270 |
Century Communities, Inc. | 984 | 75,394 |
DR Horton, Inc. | 3,640 | 442,952 |
Dream Finders Homes, Inc., Class A (a) | 844 | 20,754 |
Green Brick Partners, Inc. (a) | 951 | 54,017 |
Hovnanian Enterprises, Inc., Class A (a) | 151 | 14,981 |
Installed Building Products, Inc. | 818 | 114,651 |
KB Home | 2,584 | 133,619 |
Landsea Homes Corp. (a) | 566 | 5,286 |
Legacy Housing Corp. (a) | 442 | 10,250 |
Lennar Corp., Class A | 3,005 | 376,557 |
LGI Homes, Inc. (a) | 726 | 97,930 |
M/I Homes, Inc. (a) | 929 | 80,999 |
MDC Holdings, Inc. | 2,055 | 96,112 |
Meritage Homes Corp. | 1,277 | 181,679 |
NVR, Inc. (a) | 32 | 203,220 |
PulteGroup, Inc. | 2,818 | 218,902 |
Skyline Champion Corp. (a) | 1,876 | 122,784 |
Taylor Morrison Home Corp. (a) | 3,678 | 179,376 |
Toll Brothers, Inc. | 1,415 | 111,884 |
TopBuild Corp. (a) | 400 | 106,408 |
Tri Pointe Homes, Inc. (a) | 3,465 | 113,860 |
United Homes Group, Inc. (a) | 215 | 2,399 |
2,884,328 | ||
Home Furnishing Retail - 0.0%* | ||
Aaron's Co., Inc. | 1,408 | 19,909 |
Haverty Furniture Cos., Inc. | 467 | 14,113 |
Overstock.com, Inc. (a) | 1,527 | 49,734 |
RH (a) | 270 | 88,989 |
Sleep Number Corp. (a) | 690 | 18,823 |
Wayfair, Inc., Class A (a) | 1,000 | 65,010 |
Williams-Sonoma, Inc. | 755 | 94,481 |
351,059 | ||
Home Furnishings - 0.0%* | ||
Ethan Allen Interiors, Inc. | 734 | 20,757 |
Hooker Furnishings Corp. | 383 | 7,147 |
La-Z-Boy, Inc. | 1,528 | 43,762 |
Leggett & Platt, Inc. | 1,600 | 47,392 |
Lovesac Co. (a) | 442 | 11,912 |
Mohawk Industries, Inc. (a) | 600 | 61,896 |
Purple Innovation, Inc. | 3,199 | 8,893 |
Tempur Sealy International, Inc. | 1,800 | 72,126 |
273,885 | ||
Home Improvement Retail - 0.4% | ||
Floor & Decor Holdings, Inc., Class A (a) | 1,300 | 135,148 |
20 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
GrowGeneration Corp. (a) | 2,890 | $ 9,826 |
Lowe's Cos., Inc. | 7,223 | 1,630,231 |
The Home Depot, Inc. | 12,044 | 3,741,348 |
Tile Shop Holdings, Inc. (a) | 1,007 | 5,579 |
5,522,132 | ||
Hotel & Resort REITs - 0.1% | ||
Apple Hospitality REIT, Inc. | 7,446 | 112,509 |
Braemar Hotels & Resorts, Inc. | 3,160 | 12,703 |
Chatham Lodging Trust | 1,542 | 14,433 |
DiamondRock Hospitality Co. | 7,320 | 58,633 |
Hersha Hospitality Trust, Class A | 1,586 | 9,659 |
Host Hotels & Resorts, Inc. | 8,754 | 147,330 |
Park Hotels & Resorts, Inc. | 2,200 | 28,204 |
Pebblebrook Hotel Trust | 4,529 | 63,134 |
RLJ Lodging Trust | 5,600 | 57,512 |
Ryman Hospitality Properties, Inc. | 2,022 | 187,884 |
Service Properties Trust | 5,795 | 50,359 |
Summit Hotel Properties, Inc. | 3,417 | 22,245 |
Sunstone Hotel Investors, Inc. | 7,385 | 74,736 |
Xenia Hotels & Resorts, Inc. | 4,003 | 49,277 |
888,618 | ||
Hotels, Resorts & Cruise Lines - 0.3% | ||
Airbnb, Inc., Class A (a) | 4,600 | 589,536 |
Bluegreen Vacations Holding Corp. | 470 | 16,755 |
Booking Holdings, Inc. (a) | 451 | 1,217,849 |
Carnival Corp. (a) | 12,300 | 231,609 |
Choice Hotels International, Inc. | 500 | 58,760 |
Expedia Group, Inc. (a) | 1,878 | 205,434 |
Global Business Travel Group I (a) | 1,124 | 8,126 |
Hilton Grand Vacations, Inc. (a) | 2,838 | 128,959 |
Hilton Worldwide Holdings, Inc. | 3,136 | 456,445 |
Hyatt Hotels Corp., Class A | 500 | 57,290 |
Lindblad Expeditions Holdings, Inc. (a) | 1,044 | 11,359 |
Marriott International, Inc., Class A | 3,103 | 569,990 |
Marriott Vacations Worldwide Corp. | 555 | 68,110 |
Mondee Holdings, Inc. (a) | 1,582 | 14,096 |
Norwegian Cruise Line Holdings Ltd. (a) | 5,800 | 126,266 |
Royal Caribbean Cruises Ltd. (a) | 2,800 | 290,472 |
Sabre Corp. (a) | 11,469 | 36,586 |
Target Hospitality Corp. (a) | 1,094 | 14,681 |
Travel & Leisure Co. | 900 | 36,306 |
Number of Shares | Fair Value | |
Wyndham Hotels & Resorts, Inc. | 1,200 | $ 82,284 |
4,220,913 | ||
Household Appliances - 0.0%* | ||
Cricut, Inc., Class A | 1,667 | 20,337 |
Helen of Troy Ltd. (a) | 843 | 91,061 |
iRobot Corp. (a) | 959 | 43,395 |
Traeger, Inc. (a) | 1,754 | 7,454 |
Whirlpool Corp. | 758 | 112,783 |
275,030 | ||
Household Products - 0.5% | ||
Central Garden & Pet Co., Class A (a) | 1,408 | 51,336 |
Central Garden & Pet Co. (a) | 313 | 12,135 |
Church & Dwight Co., Inc. | 3,028 | 303,496 |
Clorox Co. | 1,547 | 246,035 |
Colgate-Palmolive Co. | 9,495 | 731,495 |
Energizer Holdings, Inc. | 2,535 | 85,125 |
Kimberly-Clark Corp. | 3,898 | 538,158 |
Oil-Dri Corp. of America | 171 | 10,087 |
Spectrum Brands Holdings, Inc. | 400 | 31,220 |
The Procter & Gamble Co. | 28,112 | 4,265,715 |
WD-40 Co. | 470 | 88,666 |
6,363,468 | ||
Housewares & Specialties - 0.0%* | ||
Newell Brands, Inc. | 5,300 | 46,110 |
Human Resource & Employment Services - 0.2% | ||
Alight, Inc., Class A (a) | 13,882 | 128,270 |
ASGN, Inc. (a) | 1,694 | 128,117 |
Asure Software, Inc. (a) | 659 | 8,013 |
Automatic Data Processing, Inc. | 4,929 | 1,083,345 |
Barrett Business Services, Inc. | 222 | 19,358 |
Ceridian HCM Holding, Inc. (a) | 1,705 | 114,184 |
First Advantage Corp. (a) | 1,919 | 29,572 |
Heidrick & Struggles International, Inc. | 632 | 16,729 |
HireQuest, Inc. | 187 | 4,868 |
HireRight Holdings Corp. (a) | 523 | 5,915 |
Insperity, Inc. | 1,261 | 150,009 |
Kelly Services, Inc., Class A | 1,091 | 19,213 |
Kforce, Inc. | 703 | 44,050 |
Korn Ferry | 1,822 | 90,262 |
ManpowerGroup, Inc. | 679 | 53,913 |
Paychex, Inc. | 3,728 | 417,051 |
Paycom Software, Inc. | 635 | 203,987 |
Paylocity Holding Corp. (a) | 500 | 92,265 |
Robert Half International, Inc. | 1,275 | 95,905 |
Skillsoft Corp. (a) | 2,868 | 3,556 |
State Street Total Return V.I.S. Fund | 21 |
Number of Shares | Fair Value | |
Sterling Check Corp. (a) | 826 | $ 10,127 |
TriNet Group, Inc. (a) | 1,328 | 126,120 |
TrueBlue, Inc. (a) | 1,042 | 18,454 |
Upwork, Inc. (a) | 4,339 | 40,526 |
2,903,809 | ||
Independent Power Producers & Energy Traders - 0.0%* | ||
AES Corp. | 8,400 | 174,132 |
Vistra Corp. | 5,000 | 131,250 |
305,382 | ||
Industrial Conglomerates - 0.3% | ||
3M Co. | 6,392 | 639,775 |
General Electric Co. | 12,848 | 1,411,353 |
Honeywell International, Inc. | 7,954 | 1,650,455 |
3,701,583 | ||
Industrial Gases - 0.2% | ||
Air Products & Chemicals, Inc. | 2,581 | 773,087 |
Linde PLC | 5,833 | 2,222,840 |
2,995,927 | ||
Industrial Machinery & Supplies & Components - 0.5% | ||
3D Systems Corp. (a) | 4,503 | 44,715 |
Albany International Corp., Class A | 1,095 | 102,142 |
Barnes Group, Inc. | 1,706 | 71,976 |
Berkshire Grey, Inc. (a) | 1,296 | 1,827 |
Chart Industries, Inc. (a) | 1,495 | 238,886 |
CIRCOR International, Inc. (a) | 662 | 37,370 |
Columbus McKinnon Corp. | 997 | 40,528 |
Crane Co. | 600 | 53,472 |
Crane NXT Co. | 600 | 33,864 |
Desktop Metal, Inc., Class A (a) | 9,812 | 17,367 |
Donaldson Co., Inc. | 1,400 | 87,514 |
Dover Corp. | 1,774 | 261,931 |
Energy Recovery, Inc. (a) | 1,937 | 54,139 |
Enerpac Tool Group Corp. | 2,011 | 54,297 |
EnPro Industries, Inc. | 725 | 96,809 |
Esab Corp. | 733 | 48,774 |
ESCO Technologies, Inc. | 896 | 92,853 |
Flowserve Corp. | 1,900 | 70,585 |
Fortive Corp. | 4,350 | 325,250 |
Franklin Electric Co., Inc. | 1,621 | 166,801 |
Gencor Industries, Inc. (a) | 367 | 5,718 |
Gorman-Rupp Co. | 735 | 21,190 |
Graco, Inc. | 2,039 | 176,068 |
Helios Technologies, Inc. | 1,134 | 74,946 |
Hillenbrand, Inc. | 2,439 | 125,072 |
Hillman Solutions Corp. (a) | 6,017 | 54,213 |
Hyster-Yale Materials Handling, Inc. | 349 | 19,488 |
IDEX Corp. | 957 | 206,004 |
Number of Shares | Fair Value | |
Illinois Tool Works, Inc. | 3,602 | $ 901,076 |
Ingersoll Rand, Inc. | 5,021 | 328,173 |
ITT, Inc. | 1,100 | 102,531 |
John Bean Technologies Corp. | 1,115 | 135,250 |
Kadant, Inc. | 404 | 89,729 |
Kennametal, Inc. | 2,833 | 80,429 |
Lincoln Electric Holdings, Inc. | 700 | 139,041 |
Mayville Engineering Co., Inc. (a) | 385 | 4,797 |
Middleby Corp. (a) | 710 | 104,959 |
Mueller Industries, Inc. | 1,962 | 171,243 |
Mueller Water Products, Inc., Class A | 5,426 | 88,064 |
Nordson Corp. | 735 | 182,412 |
Omega Flex, Inc. | 103 | 10,689 |
Otis Worldwide Corp. | 5,104 | 454,307 |
Parker-Hannifin Corp. | 1,505 | 587,010 |
Park-Ohio Holdings Corp. | 293 | 5,567 |
Pentair PLC | 2,200 | 142,120 |
Proto Labs, Inc. (a) | 890 | 31,114 |
RBC Bearings, Inc. (a) | 200 | 43,494 |
Snap-on, Inc. | 625 | 180,119 |
SPX Technologies, Inc. (a) | 1,537 | 130,599 |
Standex International Corp. | 413 | 58,427 |
Stanley Black & Decker, Inc. | 1,887 | 176,831 |
Tennant Co. | 648 | 52,559 |
Timken Co. | 900 | 82,377 |
Velo3D, Inc. (a) | 3,102 | 6,700 |
Watts Water Technologies, Inc., Class A | 962 | 176,748 |
Xylem, Inc. | 2,643 | 297,655 |
7,347,819 | ||
Industrial REITs - 0.2% | ||
Americold Realty Trust, Inc. | 3,500 | 113,050 |
EastGroup Properties, Inc. | 500 | 86,800 |
First Industrial Realty Trust, Inc. | 1,500 | 78,960 |
Innovative Industrial Properties, Inc. | 968 | 70,674 |
LXP Industrial Trust | 10,104 | 98,514 |
Plymouth Industrial REIT, Inc. | 1,497 | 34,461 |
Prologis, Inc. | 10,853 | 1,330,903 |
Rexford Industrial Realty, Inc. | 2,548 | 133,056 |
STAG Industrial, Inc. | 1,500 | 53,820 |
Terreno Realty Corp. | 2,878 | 172,968 |
2,173,206 | ||
Insurance Brokers - 0.2% | ||
Aon PLC, Class A | 2,343 | 808,804 |
Arthur J Gallagher & Co. | 2,407 | 528,505 |
Brown & Brown, Inc. | 2,900 | 199,636 |
BRP Group, Inc., Class A (a) | 2,157 | 53,451 |
Crawford & Co., Class A | 448 | 4,968 |
22 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
eHealth, Inc. (a) | 1,238 | $ 9,954 |
GoHealth, Inc., Class A (a) | 137 | 2,700 |
Goosehead Insurance, Inc., Class A (a) | 751 | 47,230 |
Hippo Holdings, Inc. (a) | 365 | 6,033 |
Marsh & McLennan Cos., Inc. | 5,832 | 1,096,883 |
Ryan Specialty Holdings, Inc. (a) | 800 | 35,912 |
Selectquote, Inc. (a) | 6,659 | 12,985 |
Willis Towers Watson PLC | 1,324 | 311,802 |
3,118,863 | ||
Integrated Oil & Gas - 0.7% | ||
Chevron Corp. | 20,584 | 3,238,892 |
Exxon Mobil Corp. | 48,518 | 5,203,556 |
Occidental Petroleum Corp. | 8,439 | 496,213 |
8,938,661 | ||
Integrated Telecommunication Services - 0.2% | ||
AT&T, Inc. | 85,640 | 1,365,958 |
ATN International, Inc. | 350 | 12,810 |
Consolidated Communications Holdings, Inc. (a) | 2,587 | 9,908 |
Frontier Communications Parent, Inc. (a) | 3,200 | 59,648 |
IDT Corp., Class B (a) | 500 | 12,925 |
Ooma, Inc. (a) | 831 | 12,440 |
Radius Global Infrastructure, Inc., Class A (a) | 2,960 | 44,104 |
Verizon Communications, Inc. | 49,484 | 1,840,310 |
3,358,103 | ||
Interactive Home Entertainment - 0.1% | ||
Activision Blizzard, Inc. (a) | 9,142 | 770,670 |
Electronic Arts, Inc. | 3,361 | 435,922 |
Playstudios, Inc. (a) | 2,993 | 14,696 |
Roblox Corp., Class A (a) | 5,600 | 225,680 |
Take-Two Interactive Software, Inc. (a) | 2,083 | 306,534 |
1,753,502 | ||
Interactive Media & Services - 1.8% | ||
Alphabet, Inc., Class C (a) | 61,520 | 7,442,074 |
Alphabet, Inc., Class A (a) | 70,920 | 8,489,124 |
Bumble, Inc., Class A (a) | 3,495 | 58,646 |
Cargurus, Inc. (a) | 3,564 | 80,653 |
Cars.com, Inc. (a) | 2,352 | 46,617 |
DHI Group, Inc. (a) | 2,195 | 8,407 |
Eventbrite, Inc., Class A (a) | 2,537 | 24,228 |
EverQuote, Inc., Class A (a) | 977 | 6,351 |
fuboTV, Inc. (a) | 7,093 | 14,753 |
IAC, Inc. (a) | 900 | 56,520 |
Match Group, Inc. (a) | 3,563 | 149,112 |
MediaAlpha, Inc., Class A (a) | 773 | 7,970 |
Number of Shares | Fair Value | |
Meta Platforms, Inc., Class A (a) | 26,384 | $ 7,571,680 |
Nextdoor Holdings, Inc. (a) | 5,072 | 16,535 |
Outbrain, Inc. (a) | 1,221 | 6,007 |
Pinterest, Inc., Class A (a) | 7,397 | 202,234 |
QuinStreet, Inc. (a) | 1,655 | 14,614 |
Shutterstock, Inc. | 860 | 41,856 |
System1, Inc. (a) | 863 | 3,884 |
TrueCar, Inc. (a) | 4,387 | 9,915 |
Vimeo, Inc. (a) | 5,306 | 21,861 |
Yelp, Inc. (a) | 2,359 | 85,891 |
Ziff Davis, Inc. (a) | 1,641 | 114,968 |
ZipRecruiter, Inc., Class A (a) | 2,594 | 46,069 |
ZoomInfo Technologies, Inc. (a) | 3,000 | 76,170 |
24,596,139 | ||
Internet Services & Infrastructure - 0.2% | ||
Akamai Technologies, Inc. (a) | 1,914 | 172,011 |
BigCommerce Holdings, Inc. Series 1 (a) | 2,351 | 23,392 |
Brightcove, Inc. (a) | 2,099 | 8,417 |
Cloudflare, Inc., Class A (a) | 3,585 | 234,351 |
DigitalOcean Holdings, Inc. (a) | 2,211 | 88,750 |
Fastly, Inc., Class A (a) | 4,149 | 65,430 |
GoDaddy, Inc., Class A (a) | 2,100 | 157,773 |
MongoDB, Inc. (a) | 737 | 302,900 |
Okta, Inc. (a) | 1,961 | 135,995 |
Rackspace Technology, Inc. (a) | 1,832 | 4,983 |
Snowflake, Inc., Class A (a) | 3,710 | 652,886 |
Squarespace, Inc., Class A (a) | 1,558 | 49,139 |
Tucows, Inc., Class A (a) | 490 | 13,593 |
Twilio, Inc., Class A (a) | 2,147 | 136,592 |
VeriSign, Inc. (a) | 1,007 | 227,552 |
2,273,764 | ||
Investment Banking & Brokerage - 0.4% | ||
B Riley Financial, Inc. | 652 | 29,979 |
BGC Partners, Inc., Class A | 11,085 | 49,107 |
Evercore, Inc., Class A | 566 | 69,952 |
Goldman Sachs Group, Inc. | 3,908 | 1,260,486 |
Houlihan Lokey, Inc. | 300 | 29,493 |
Interactive Brokers Group, Inc., Class A | 1,100 | 91,377 |
Jefferies Financial Group, Inc. | 2,609 | 86,541 |
Lazard Ltd., Class A | 1,000 | 32,000 |
LPL Financial Holdings, Inc. | 1,003 | 218,082 |
Moelis & Co., Class A | 2,330 | 105,642 |
Morgan Stanley | 14,597 | 1,246,584 |
Perella Weinberg Partners | 1,486 | 12,378 |
Piper Sandler Cos., | 605 | 78,202 |
PJT Partners, Inc., Class A | 828 | 57,662 |
Raymond James Financial, Inc. | 2,392 | 248,218 |
State Street Total Return V.I.S. Fund | 23 |
Number of Shares | Fair Value | |
Robinhood Markets, Inc., Class A (a) | 8,100 | $ 80,838 |
Stifel Financial Corp. | 1,300 | 77,571 |
StoneX Group, Inc. (a) | 619 | 51,427 |
The Charles Schwab Corp. | 17,981 | 1,019,163 |
4,844,702 | ||
IT Consulting & Other Services - 0.4% | ||
Accenture PLC, Class A | 7,557 | 2,331,939 |
Amdocs Ltd. | 1,367 | 135,128 |
BigBear.ai Holdings, Inc. (a) | 939 | 2,207 |
Cognizant Technology Solutions Corp., Class A | 6,202 | 404,867 |
DXC Technology Co. (a) | 2,800 | 74,816 |
EPAM Systems, Inc. (a) | 665 | 149,459 |
Gartner, Inc. (a) | 938 | 328,591 |
Globant SA (a) | 500 | 89,860 |
Grid Dynamics Holdings, Inc. (a) | 1,743 | 16,123 |
Hackett Group, Inc. | 995 | 22,238 |
Information Services Group, Inc. | 1,794 | 9,616 |
International Business Machines Corp. | 10,653 | 1,425,478 |
Kyndryl Holdings, Inc. (a) | 2,959 | 39,295 |
Perficient, Inc. (a) | 1,188 | 98,996 |
Thoughtworks Holding, Inc. (a) | 3,226 | 24,356 |
Unisys Corp. (a) | 3,276 | 13,038 |
5,166,007 | ||
Leisure Facilities - 0.0%* | ||
Bowlero Corp. (a) | 944 | 10,988 |
Life Time Group Holdings, Inc. (a) | 1,557 | 30,626 |
Planet Fitness, Inc., Class A (a) | 1,200 | 80,928 |
RCI Hospitality Holdings, Inc. | 280 | 21,277 |
SeaWorld Entertainment, Inc. (a) | 1,383 | 77,462 |
Six Flags Entertainment Corp. (a) | 2,519 | 65,444 |
Vail Resorts, Inc. | 500 | 125,880 |
Xponential Fitness, Inc., Class A (a) | 861 | 14,852 |
427,457 | ||
Leisure Products - 0.1% | ||
Acushnet Holdings Corp. | 1,162 | 63,538 |
AMMO, Inc. (a) | 3,087 | 6,575 |
BRP, Inc. | 500 | 42,316 |
Brunswick Corp. | 800 | 69,312 |
Clarus Corp. | 895 | 8,180 |
Escalade, Inc. | 347 | 4,632 |
Funko, Inc., Class A (a) | 1,212 | 13,114 |
Hasbro, Inc. | 1,800 | 116,586 |
Number of Shares | Fair Value | |
JAKKS Pacific, Inc. (a) | 252 | $ 5,032 |
Johnson Outdoors, Inc., Class A | 249 | 15,301 |
Latham Group, Inc. (a) | 1,359 | 5,042 |
Malibu Boats, Inc., Class A (a) | 724 | 42,470 |
Marine Products Corp. | 208 | 3,507 |
MasterCraft Boat Holdings, Inc. (a) | 567 | 17,379 |
Mattel, Inc. (a) | 4,459 | 87,129 |
Peloton Interactive, Inc., Class A (a) | 3,572 | 27,469 |
Polaris, Inc. | 700 | 84,651 |
Smith & Wesson Brands, Inc. | 1,468 | 19,143 |
Solo Brands, Inc., Class A (a) | 1,145 | 6,481 |
Sturm Ruger & Co., Inc. | 612 | 32,412 |
Topgolf Callaway Brands Corp. (a) | 5,018 | 99,607 |
Vista Outdoor, Inc. (a) | 1,953 | 54,039 |
YETI Holdings, Inc. (a) | 900 | 34,956 |
858,871 | ||
Life & Health Insurance - 0.2% | ||
Aflac, Inc. | 7,155 | 499,419 |
American Equity Investment Life Holding Co. | 2,711 | 141,270 |
Brighthouse Financial, Inc. (a) | 670 | 31,725 |
CNO Financial Group, Inc. | 4,022 | 95,201 |
F&G Annuities & Life, Inc. | 653 | 16,181 |
Genworth Financial, Inc., Class A (a) | 17,002 | 85,010 |
Globe Life, Inc. | 1,200 | 131,544 |
Lincoln National Corp. | 1,886 | 48,583 |
MetLife, Inc. | 7,642 | 432,002 |
National Western Life Group, Inc., Class A | 81 | 33,660 |
Oscar Health, Inc., Class A (a) | 5,390 | 43,444 |
Primerica, Inc. | 400 | 79,104 |
Principal Financial Group, Inc. | 3,000 | 227,520 |
Prudential Financial, Inc. | 4,602 | 405,989 |
Unum Group | 2,700 | 128,790 |
2,399,442 | ||
Life Sciences Tools & Services - 0.6% | ||
10X Genomics, Inc., Class A (a) | 1,300 | 72,592 |
Adaptive Biotechnologies Corp. (a) | 3,973 | 26,659 |
Agilent Technologies, Inc. | 3,406 | 409,572 |
Akoya Biosciences, Inc. (a) | 453 | 3,348 |
Avantor, Inc. (a) | 7,600 | 156,104 |
Azenta, Inc. (a) | 700 | 32,676 |
BioLife Solutions, Inc. (a) | 1,213 | 26,807 |
Bio-Rad Laboratories, Inc., Class A (a) | 261 | 98,950 |
Bio-Techne Corp. | 1,940 | 158,362 |
24 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Bruker Corp. | 1,361 | $ 100,605 |
Charles River Laboratories International, Inc. (a) | 628 | 132,037 |
Codexis, Inc. (a) | 3,022 | 8,462 |
CryoPort, Inc. (a) | 1,452 | 25,047 |
Cytek Biosciences, Inc. (a) | 4,001 | 34,169 |
Danaher Corp. | 7,711 | 1,850,640 |
Harvard Bioscience, Inc. (a) | 1,363 | 7,483 |
ICON PLC ADR (a) | 900 | 225,180 |
Illumina, Inc. (a) | 1,772 | 332,232 |
IQVIA Holdings, Inc. (a) | 2,119 | 476,288 |
Maravai LifeSciences Holdings, Inc., Class A (a) | 1,300 | 16,159 |
MaxCyte, Inc. (a) | 2,822 | 12,953 |
Medpace Holdings, Inc. (a) | 200 | 48,034 |
Mesa Laboratories, Inc. | 168 | 21,588 |
Mettler-Toledo International, Inc. (a) | 248 | 325,287 |
NanoString Technologies, Inc. (a) | 1,489 | 6,030 |
Nautilus Biotechnology, Inc. (a) | 1,320 | 5,108 |
OmniAb, Inc. (a) | 3,249 | 16,342 |
OmniAb, Inc. (a)(c)** | 394 | — |
Pacific Biosciences of California, Inc. (a) | 8,697 | 115,670 |
QIAGEN NV (a) | 6,398 | 287,802 |
Quanterix Corp. (a) | 1,220 | 27,511 |
Quantum-Si, Inc. (a) | 2,881 | 5,157 |
Repligen Corp. (a) | 706 | 99,871 |
Revvity, Inc. | 1,560 | 185,312 |
Seer, Inc. (a) | 2,601 | 11,106 |
SomaLogic, Inc. (a) | 4,948 | 11,430 |
Sotera Health Co. (a) | 1,300 | 24,492 |
Syneos Health, Inc. (a) | 1,200 | 50,568 |
Thermo Fisher Scientific, Inc. | 4,637 | 2,419,355 |
Waters Corp. (a) | 752 | 200,438 |
West Pharmaceutical Services, Inc. | 912 | 348,813 |
8,416,239 | ||
Managed Healthcare - 0.6% | ||
Alignment Healthcare, Inc. (a) | 3,204 | 18,423 |
Centene Corp. (a) | 6,226 | 419,944 |
Elevance Health, Inc. | 2,849 | 1,265,782 |
HealthEquity, Inc. (a) | 2,957 | 186,705 |
Humana, Inc. | 1,487 | 664,882 |
Molina Healthcare, Inc. (a) | 739 | 222,616 |
Progyny, Inc. (a) | 2,738 | 107,713 |
UnitedHealth Group, Inc. | 11,100 | 5,335,104 |
8,221,169 | ||
Marine Transportation - 0.0%* | ||
Eagle Bulk Shipping, Inc. | 436 | 20,946 |
Eneti, Inc. | 1,101 | 13,333 |
Number of Shares | Fair Value | |
Genco Shipping & Trading Ltd. | 1,467 | $ 20,582 |
Kirby Corp. (a) | 900 | 69,255 |
Matson, Inc. | 1,282 | 99,650 |
Pangaea Logistics Solutions Ltd. | 1,269 | 8,591 |
232,357 | ||
Metal, Glass & Plastic Containers - 0.1% | ||
AptarGroup, Inc. | 764 | 88,517 |
Ball Corp. | 3,892 | 226,553 |
Berry Global Group, Inc. | 1,518 | 97,668 |
Crown Holdings, Inc. | 1,247 | 108,327 |
Greif, Inc., Class A | 869 | 59,865 |
Greif, Inc., Class B | 169 | 13,055 |
Myers Industries, Inc. | 1,186 | 23,044 |
O-I Glass, Inc. (a) | 5,438 | 115,993 |
Silgan Holdings, Inc. | 923 | 43,280 |
TriMas Corp. | 1,490 | 40,960 |
817,262 | ||
Mortgage REITs - 0.1% | ||
AFC Gamma, Inc. | 818 | 10,184 |
AGNC Investment Corp. | 6,689 | 67,760 |
Angel Oak Mortgage REIT, Inc. | 346 | 2,851 |
Annaly Capital Management, Inc. | 5,875 | 117,559 |
Apollo Commercial Real Estate Finance, Inc. | 4,950 | 56,034 |
Arbor Realty Trust, Inc. | 6,260 | 92,773 |
Ares Commercial Real Estate Corp. | 1,642 | 16,666 |
ARMOUR Residential REIT, Inc. | 6,840 | 36,457 |
Blackstone Mortgage Trust, Inc., Class A | 6,068 | 126,275 |
BrightSpire Capital, Inc. | 4,492 | 30,231 |
Chicago Atlantic Real Estate Finance, Inc. | 571 | 8,651 |
Chimera Investment Corp. | 8,268 | 47,706 |
Claros Mortgage Trust, Inc. | 3,035 | 34,417 |
Dynex Capital, Inc. | 1,890 | 23,795 |
Ellington Financial, Inc. | 2,277 | 31,423 |
Franklin BSP Realty Trust, Inc. | 2,937 | 41,588 |
Granite Point Mortgage Trust, Inc. | 2,546 | 13,494 |
Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 3,608 | 90,200 |
Invesco Mortgage Capital, Inc. | 1,463 | 16,781 |
KKR Real Estate Finance Trust, Inc. | 2,061 | 25,082 |
Ladder Capital Corp. | 4,041 | 43,845 |
MFA Financial, Inc. | 3,653 | 41,060 |
State Street Total Return V.I.S. Fund | 25 |
Number of Shares | Fair Value | |
New York Mortgage Trust, Inc. | 3,043 | $ 30,186 |
Nexpoint Real Estate Finance, Inc. | 224 | 3,492 |
Orchid Island Capital, Inc. | 1,626 | 16,829 |
PennyMac Mortgage Investment Trust | 3,167 | 42,691 |
Ready Capital Corp. | 5,585 | 62,999 |
Redwood Trust, Inc. | 3,702 | 23,582 |
Rithm Capital Corp. | 4,700 | 43,945 |
Starwood Property Trust, Inc. | 4,300 | 83,420 |
TPG RE Finance Trust, Inc. | 2,216 | 16,420 |
Two Harbors Investment Corp. | 3,441 | 47,761 |
1,346,157 | ||
Motorcycle Manufacturers - 0.0%* | ||
Harley-Davidson, Inc. | 1,500 | 52,815 |
Movies & Entertainment - 0.4% | ||
AMC Entertainment Holdings, Inc., Class A (a) | 8,200 | 36,080 |
Cinemark Holdings, Inc. (a) | 3,803 | 62,749 |
IMAX Corp. (a) | 1,549 | 26,317 |
Liberty Media Corp.-Liberty Braves, Class A (a) | 316 | 12,931 |
Liberty Media Corp.-Liberty Braves, Class C (a) | 1,318 | 52,219 |
Liberty Media Corp.-Liberty Formula One, Class C (a) | 2,321 | 174,725 |
Lions Gate Entertainment Corp., Class A (a) | 1,896 | 16,742 |
Lions Gate Entertainment Corp., Class B (a) | 4,083 | 34,093 |
Live Nation Entertainment, Inc. (a) | 1,928 | 175,660 |
Loop Media, Inc. (a) | 1,270 | 3,035 |
Madison Square Garden Entertainment Corp. (a) | 1,507 | 50,665 |
Madison Square Garden Sports Corp. | 200 | 37,610 |
Marcus Corp. | 759 | 11,256 |
Netflix, Inc. (a) | 5,225 | 2,301,560 |
Reservoir Media, Inc. (a) | 578 | 3,480 |
Roku, Inc. (a) | 1,584 | 101,313 |
Sphere Entertainment Co. (a) | 866 | 23,720 |
Spotify Technology SA (a) | 1,595 | 256,077 |
The Walt Disney Co. (a) | 21,656 | 1,933,448 |
Vivid Seats, Inc., Class A (a) | 1,298 | 10,280 |
Warner Bros Discovery, Inc. (a) | 27,746 | 347,935 |
World Wrestling Entertainment, Inc., Class A | 500 | 54,235 |
5,726,130 | ||
Multi-Family Residential REITs - 0.1% | ||
Apartment Income REIT Corp. | 1,951 | 70,412 |
Number of Shares | Fair Value | |
Apartment Investment & Management Co., Class A | 5,265 | $ 44,858 |
AvalonBay Communities, Inc. | 1,705 | 322,705 |
BRT Apartments Corp. | 596 | 11,801 |
Camden Property Trust | 1,338 | 145,668 |
Centerspace | 529 | 32,459 |
Clipper Realty, Inc. | 311 | 1,763 |
Elme Communities | 3,067 | 50,421 |
Equity Residential | 4,612 | 304,254 |
Essex Property Trust, Inc. | 804 | 188,377 |
Independence Realty Trust, Inc. | 7,898 | 143,902 |
Mid-America Apartment Communities, Inc. | 1,424 | 216,249 |
NexPoint Residential Trust, Inc. | 810 | 36,839 |
UDR, Inc. | 4,047 | 173,859 |
Veris Residential, Inc. (a) | 2,759 | 44,282 |
1,787,849 | ||
Multi-Line Insurance - 0.1% | ||
American International Group, Inc. | 8,475 | 487,651 |
Assurant, Inc. | 736 | 92,530 |
Hartford Financial Services Group, Inc. | 3,894 | 280,446 |
Horace Mann Educators Corp. | 1,448 | 42,948 |
903,575 | ||
Multi-Sector Holdings - 0.5% | ||
Berkshire Hathaway, Inc., Class B (a) | 21,724 | 7,407,884 |
Cannae Holdings, Inc. (a) | 2,444 | 49,393 |
Compass Diversified Holdings | 2,184 | 47,371 |
7,504,648 | ||
Multi-Utilities - 0.3% | ||
Ameren Corp. | 3,251 | 265,509 |
Avista Corp. | 2,631 | 103,319 |
Black Hills Corp. | 2,324 | 140,044 |
CenterPoint Energy, Inc. | 7,837 | 228,449 |
CMS Energy Corp. | 3,600 | 211,500 |
Consolidated Edison, Inc. | 4,339 | 392,246 |
Dominion Energy, Inc. | 9,542 | 494,180 |
DTE Energy Co. | 2,384 | 262,288 |
NiSource, Inc. | 5,313 | 145,311 |
NorthWestern Corp. | 2,099 | 119,139 |
Public Service Enterprise Group, Inc. | 6,169 | 386,241 |
Sempra Energy | 3,589 | 522,522 |
Unitil Corp. | 523 | 26,521 |
WEC Energy Group, Inc. | 3,874 | 341,842 |
3,639,111 |
26 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Office REITs - 0.1% | ||
Alexandria Real Estate Equities, Inc. | 2,192 | $ 248,770 |
Boston Properties, Inc. | 2,000 | 115,180 |
Brandywine Realty Trust | 5,537 | 25,747 |
City Office REIT, Inc. | 1,911 | 10,644 |
Corporate Office Properties Trust | 3,863 | 91,746 |
Cousins Properties, Inc. | 1,600 | 36,480 |
Douglas Emmett, Inc. | 5,929 | 74,528 |
Easterly Government Properties, Inc. | 3,221 | 46,704 |
Equity Commonwealth | 3,649 | 73,929 |
Highwoods Properties, Inc. | 1,300 | 31,083 |
Hudson Pacific Properties, Inc. | 4,816 | 20,324 |
JBG SMITH Properties | 3,899 | 58,641 |
Kilroy Realty Corp. | 1,322 | 39,779 |
Office Properties Income Trust | 1,523 | 11,727 |
Orion Office REIT, Inc. | 1,805 | 11,931 |
Paramount Group, Inc. | 6,142 | 27,209 |
Peakstone Realty Trust | 970 | 27,082 |
Piedmont Office Realty Trust, Inc., Class A | 4,322 | 31,421 |
Postal Realty Trust, Inc., Class A | 879 | 12,930 |
SL Green Realty Corp. | 2,297 | 69,025 |
Vornado Realty Trust | 2,100 | 38,094 |
1,102,974 | ||
Office Services & Supplies - 0.0%* | ||
ACCO Brands Corp. | 2,952 | 15,380 |
CompX International, Inc. | 19 | 414 |
HNI Corp. | 1,591 | 44,834 |
Interface, Inc. | 1,835 | 16,130 |
MillerKnoll, Inc. | 2,520 | 37,246 |
MSA Safety, Inc. | 400 | 69,584 |
NL Industries, Inc. | 196 | 1,084 |
Pitney Bowes, Inc. | 5,628 | 19,923 |
Steelcase, Inc., Class A | 2,836 | 21,865 |
226,460 | ||
Oil & Gas Drilling - 0.0%* | ||
Diamond Offshore Drilling, Inc. (a) | 3,569 | 50,822 |
Helmerich & Payne, Inc. | 3,551 | 125,883 |
Nabors Industries Ltd. (a) | 321 | 29,863 |
Noble Corp. PLC (a) | 3,754 | 155,078 |
Patterson-UTI Energy, Inc. | 7,466 | 89,368 |
Valaris Ltd. (a) | 2,149 | 135,236 |
586,250 | ||
Oil & Gas Equipment & Services - 0.2% | ||
Archrock, Inc. | 4,802 | 49,220 |
Number of Shares | Fair Value | |
Atlas Energy Solutions, Inc., Class A | 567 | $ 9,843 |
Baker Hughes Co. | 11,733 | 370,880 |
Bristow Group, Inc. (a) | 857 | 24,622 |
Cactus, Inc., Class A | 2,254 | 95,389 |
ChampionX Corp. | 7,014 | 217,715 |
Core Laboratories, Inc. | 1,635 | 38,014 |
DMC Global, Inc. (a) | 594 | 10,549 |
Dril-Quip, Inc. (a) | 1,103 | 25,667 |
Expro Group Holdings NV (a) | 3,035 | 53,780 |
Forum Energy Technologies, Inc. (a) | 342 | 8,752 |
Halliburton Co. | 11,182 | 368,894 |
Helix Energy Solutions Group, Inc. (a) | 5,036 | 37,166 |
KLX Energy Services Holdings, Inc. (a) | 441 | 4,291 |
Liberty Energy, Inc. | 5,961 | 79,699 |
Mammoth Energy Services, Inc. (a) | 812 | 3,922 |
Newpark Resources, Inc. (a) | 2,720 | 14,226 |
NexTier Oilfield Solutions, Inc. (a) | 6,783 | 60,640 |
NOV, Inc. | 5,300 | 85,012 |
Oceaneering International, Inc. (a) | 3,492 | 65,300 |
Oil States International, Inc. (a) | 2,028 | 15,149 |
ProFrac Holding Corp., Class A (a) | 1,072 | 11,963 |
ProPetro Holding Corp. (a) | 3,438 | 28,329 |
Ranger Energy Services, Inc. (a) | 541 | 5,540 |
RPC, Inc. | 2,965 | 21,200 |
Schlumberger NV | 16,550 | 812,936 |
SEACOR Marine Holdings, Inc. (a) | 839 | 9,590 |
Select Water Solutions, Inc. | 2,969 | 24,049 |
Solaris Oilfield Infrastructure, Inc., Class A | 1,548 | 12,895 |
Tenaris SA | 7,527 | 112,576 |
TETRA Technologies, Inc. (a) | 3,945 | 13,334 |
Tidewater, Inc. (a) | 1,623 | 89,979 |
U.S. Silica Holdings, Inc. (a) | 2,638 | 31,999 |
Weatherford International PLC (a) | 2,486 | 165,120 |
2,978,240 | ||
Oil & Gas Exploration & Production - 0.5% | ||
Amplify Energy Corp. (a) | 1,763 | 11,936 |
Antero Resources Corp. (a) | 3,500 | 80,605 |
APA Corp. | 4,000 | 136,680 |
Berry Corp. | 2,475 | 17,028 |
California Resources Corp. | 2,543 | 115,172 |
Callon Petroleum Co. (a) | 2,136 | 74,910 |
Chesapeake Energy Corp. | 1,200 | 100,416 |
State Street Total Return V.I.S. Fund | 27 |
Number of Shares | Fair Value | |
Chord Energy Corp. | 1,465 | $ 225,317 |
Civitas Resources, Inc. | 2,415 | 167,529 |
CNX Resources Corp. (a) | 5,766 | 102,174 |
Comstock Resources, Inc. | 3,217 | 37,317 |
ConocoPhillips | 14,472 | 1,499,444 |
Coterra Energy, Inc. | 9,827 | 248,623 |
Crescent Energy Co., Class A | 1,260 | 13,129 |
Denbury, Inc. (a) | 1,763 | 152,076 |
Devon Energy Corp. | 7,929 | 383,288 |
Diamondback Energy, Inc. | 2,231 | 293,064 |
Earthstone Energy, Inc., Class A (a) | 1,991 | 28,451 |
Empire Petroleum Corp. (a) | 548 | 4,987 |
EOG Resources, Inc. | 6,853 | 784,257 |
EQT Corp. | 4,302 | 176,941 |
Evolution Petroleum Corp. | 1,099 | 8,869 |
Granite Ridge Resources, Inc. | 905 | 6,000 |
Gulfport Energy Corp. (a) | 387 | 40,662 |
Hess Corp. | 3,213 | 436,807 |
HighPeak Energy, Inc. | 362 | 3,939 |
Magnolia Oil & Gas Corp., Class A | 6,394 | 133,635 |
Marathon Oil Corp. | 7,887 | 181,559 |
Matador Resources Co. | 3,942 | 206,245 |
Murphy Oil Corp. | 5,162 | 197,705 |
Northern Oil & Gas, Inc. | 2,620 | 89,918 |
Ovintiv, Inc. | 2,800 | 106,596 |
PDC Energy, Inc. | 1,100 | 78,254 |
Permian Resources Corp. | 8,864 | 97,149 |
Pioneer Natural Resources Co. | 2,819 | 584,040 |
PrimeEnergy Resources Corp. (a) | 26 | 2,393 |
Range Resources Corp. | 2,600 | 76,440 |
Riley Exploration Permian, Inc. | 345 | 12,323 |
Ring Energy, Inc. (a) | 4,794 | 8,198 |
SandRidge Energy, Inc. | 1,022 | 15,585 |
SilverBow Resources, Inc. (a) | 616 | 17,938 |
Sitio Royalties Corp., Class A | 2,814 | 73,924 |
SM Energy Co. | 4,185 | 132,372 |
Southwestern Energy Co. (a) | 12,300 | 73,923 |
Talos Energy, Inc. (a) | 3,899 | 54,079 |
Tellurian, Inc. (a) | 18,654 | 26,302 |
Texas Pacific Land Corp. | 65 | 85,572 |
VAALCO Energy, Inc. | 3,402 | 12,792 |
Vital Energy, Inc. (a) | 611 | 27,587 |
Vitesse Energy, Inc. | 874 | 19,578 |
W&T Offshore, Inc. (a) | 3,037 | 11,753 |
7,475,481 | ||
Oil & Gas Refining & Marketing - 0.2% | ||
Clean Energy Fuels Corp. (a) | 5,543 | 27,493 |
CVR Energy, Inc. | 972 | 29,121 |
Delek U.S. Holdings, Inc. | 2,434 | 58,294 |
Number of Shares | Fair Value | |
Gevo, Inc. (a) | 8,561 | $ 13,013 |
Green Plains, Inc. (a) | 2,028 | 65,383 |
HF Sinclair Corp. | 1,600 | 71,376 |
Marathon Petroleum Corp. | 5,268 | 614,249 |
Par Pacific Holdings, Inc. (a) | 1,927 | 51,277 |
PBF Energy, Inc., Class A | 4,149 | 169,860 |
Phillips 66 Co. | 5,441 | 518,963 |
REX American Resources Corp. (a) | 497 | 17,300 |
Valero Energy Corp. | 4,286 | 502,748 |
Vertex Energy, Inc. (a) | 2,353 | 14,706 |
World Kinect Corp. | 2,157 | 44,607 |
2,198,390 | ||
Oil & Gas Storage & Transportation - 0.2% | ||
Antero Midstream Corp. | 4,100 | 47,560 |
Cheniere Energy, Inc. | 2,979 | 453,880 |
DHT Holdings, Inc. | 4,885 | 41,669 |
Dorian LPG Ltd. | 1,117 | 28,651 |
DT Midstream, Inc. | 1,150 | 57,006 |
Equitrans Midstream Corp. | 15,232 | 145,618 |
Excelerate Energy, Inc., Class A | 592 | 12,035 |
International Seaways, Inc. | 1,416 | 54,148 |
Kinder Morgan, Inc. | 22,017 | 379,133 |
Kinetik Holdings, Inc. | 601 | 21,119 |
NextDecade Corp. (a) | 1,068 | 8,768 |
Nordic American Tankers Ltd. | 6,699 | 24,585 |
ONEOK, Inc. | 5,555 | 342,855 |
Overseas Shipholding Group, Inc., Class A (a) | 2,011 | 8,386 |
Targa Resources Corp. | 2,747 | 209,047 |
Williams Cos., Inc. | 14,637 | 477,605 |
2,312,065 | ||
Other Specialized REITs - 0.1% | ||
EPR Properties | 700 | 32,760 |
Farmland Partners, Inc. | 1,612 | 19,682 |
Four Corners Property Trust, Inc. | 3,022 | 76,759 |
Gaming & Leisure Properties, Inc. | 2,911 | 141,067 |
Gladstone Land Corp. | 1,173 | 19,085 |
Iron Mountain, Inc. | 3,600 | 204,552 |
Lamar Advertising Co., Class A | 1,100 | 109,175 |
Outfront Media, Inc. | 5,165 | 81,194 |
Safehold, Inc. | 1,038 | 24,632 |
Uniti Group, Inc. | 8,469 | 39,127 |
VICI Properties, Inc. | 12,459 | 391,586 |
1,139,619 | ||
Other Specialty Retail - 0.1% | ||
1-800-Flowers.com, Inc., Class A (a) | 809 | 6,310 |
28 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Academy Sports & Outdoors, Inc. | 2,674 | $ 144,530 |
BARK, Inc. (a) | 5,659 | 7,526 |
Bath & Body Works, Inc. | 2,998 | 112,425 |
Big 5 Sporting Goods Corp. | 683 | 6,256 |
Build-A-Bear Workshop, Inc. | 419 | 8,975 |
Dick's Sporting Goods, Inc. | 687 | 90,815 |
Envela Corp. (a) | 265 | 1,950 |
Five Below, Inc. (a) | 700 | 137,578 |
Franchise Group, Inc. | 851 | 24,373 |
Hibbett, Inc. | 415 | 15,060 |
Leslie's, Inc. (a) | 6,193 | 58,152 |
MarineMax, Inc. (a) | 695 | 23,741 |
National Vision Holdings, Inc. (a) | 2,738 | 66,506 |
ODP Corp. (a) | 1,195 | 55,950 |
PetMed Express, Inc. | 940 | 12,963 |
Rent the Runway, Inc., Class A (a) | 1,423 | 2,818 |
Sally Beauty Holdings, Inc. (a) | 3,804 | 46,979 |
Signet Jewelers Ltd. | 1,548 | 101,023 |
Sportsman's Warehouse Holdings, Inc. (a) | 1,167 | 6,652 |
Tractor Supply Co. | 1,203 | 265,983 |
Ulta Beauty, Inc. (a) | 582 | 273,886 |
Warby Parker, Inc., Class A (a) | 2,966 | 34,673 |
Winmark Corp. | 100 | 33,247 |
1,538,371 | ||
Packaged Foods & Meats - 0.7% | ||
B&G Foods, Inc. | 2,488 | 34,633 |
Beyond Meat, Inc. (a) | 2,017 | 26,181 |
BRC, Inc., Class A (a) | 1,418 | 7,317 |
Calavo Growers, Inc. | 555 | 16,106 |
Cal-Maine Foods, Inc. | 1,322 | 59,490 |
Campbell Soup Co. | 2,400 | 109,704 |
Conagra Brands, Inc. | 5,900 | 198,948 |
Dole PLC | 2,494 | 33,719 |
Flowers Foods, Inc. | 2,100 | 52,248 |
Fresh Market, Inc. (a)(c)** | 1,243 | — |
Freshpet, Inc. (a) | 600 | 39,486 |
General Mills, Inc. | 6,930 | 531,531 |
Hain Celestial Group, Inc. (a) | 3,131 | 39,169 |
Hershey Co. | 1,794 | 447,962 |
Hormel Foods Corp. | 3,578 | 143,907 |
Hostess Brands, Inc. (a) | 4,621 | 117,004 |
J & J Snack Foods Corp. | 522 | 82,664 |
J M Smucker Co. | 1,321 | 195,072 |
JBS SA | 12,000 | 43,433 |
John B Sanfilippo & Son, Inc. | 318 | 37,292 |
Kellogg Co. | 3,050 | 205,570 |
Kraft Heinz Co. | 8,929 | 316,979 |
Lamb Weston Holdings, Inc. | 1,786 | 205,301 |
Lancaster Colony Corp. | 684 | 137,545 |
Number of Shares | Fair Value | |
McCormick & Co., Inc. | 3,177 | $ 277,130 |
Mission Produce, Inc. (a) | 1,689 | 20,471 |
Mondelez International, Inc., Class A | 16,302 | 1,189,068 |
Nestle SA | 41,709 | 5,019,482 |
Post Holdings, Inc. (a) | 600 | 51,990 |
Seneca Foods Corp., Class A (a) | 250 | 8,170 |
Simply Good Foods Co. (a) | 3,166 | 115,844 |
Sovos Brands, Inc. (a) | 1,384 | 27,071 |
TreeHouse Foods, Inc. (a) | 1,796 | 90,482 |
Tyson Foods, Inc., Class A | 3,332 | 170,065 |
Utz Brands, Inc. | 2,511 | 41,080 |
Vital Farms, Inc. (a) | 951 | 11,402 |
Westrock Coffee Co. (a) | 990 | 10,761 |
10,114,277 | ||
Paper & Plastic Packaging Products & Materials - 0.1% | ||
Amcor PLC | 16,500 | 164,670 |
Avery Dennison Corp. | 1,042 | 179,015 |
Graphic Packaging Holding Co. | 3,800 | 91,314 |
International Paper Co. | 3,523 | 112,067 |
Packaging Corp. of America | 983 | 129,913 |
Pactiv Evergreen, Inc. | 1,396 | 10,568 |
Ranpak Holdings Corp. (a) | 2,152 | 9,727 |
Sealed Air Corp. | 1,505 | 60,200 |
Sonoco Products Co. | 1,100 | 64,922 |
Westrock Co. | 3,400 | 98,838 |
921,234 | ||
Paper Products - 0.0%* | ||
Clearwater Paper Corp. (a) | 540 | 16,913 |
Glatfelter Corp. | 1,418 | 4,282 |
Sylvamo Corp. | 1,269 | 51,331 |
72,526 | ||
Passenger Airlines - 0.1% | ||
Alaska Air Group, Inc. (a) | 1,521 | 80,887 |
Allegiant Travel Co. (a) | 550 | 69,454 |
American Airlines Group, Inc. (a) | 7,500 | 134,550 |
Blade Air Mobility, Inc. (a) | 2,879 | 11,343 |
Delta Air Lines, Inc. (a) | 7,357 | 349,752 |
Frontier Group Holdings, Inc. (a) | 1,177 | 11,382 |
Hawaiian Holdings, Inc. (a) | 1,619 | 17,437 |
JetBlue Airways Corp. (a) | 11,531 | 102,165 |
Joby Aviation, Inc. (a) | 9,717 | 99,696 |
SkyWest, Inc. (a) | 1,748 | 71,178 |
Southwest Airlines Co. | 7,262 | 262,957 |
Spirit Airlines, Inc. | 3,806 | 65,311 |
Sun Country Airlines Holdings, Inc. (a) | 1,314 | 29,539 |
State Street Total Return V.I.S. Fund | 29 |
Number of Shares | Fair Value | |
United Airlines Holdings, Inc. (a) | 4,166 | $ 228,588 |
1,534,239 | ||
Passenger Ground Transportation - 0.1% | ||
Avis Budget Group, Inc. (a) | 300 | 68,601 |
Hertz Global Holdings, Inc. (a) | 1,800 | 33,102 |
Lyft, Inc., Class A (a) | 3,215 | 30,832 |
Uber Technologies, Inc. (a) | 22,959 | 991,140 |
1,123,675 | ||
Personal Care Products - 0.1% | ||
Beauty Health Co. (a) | 2,892 | 24,206 |
BellRing Brands, Inc. (a) | 4,701 | 172,057 |
Coty, Inc., Class A (a) | 4,300 | 52,847 |
Edgewell Personal Care Co. | 1,794 | 74,110 |
elf Beauty, Inc. (a) | 1,751 | 200,017 |
Estee Lauder Cos., Inc., Class A | 2,666 | 523,549 |
Haleon PLC | 76,814 | 315,616 |
Herbalife Ltd. (a) | 3,483 | 46,115 |
Inter Parfums, Inc. | 640 | 86,547 |
Medifast, Inc. | 359 | 33,085 |
Nature's Sunshine Products, Inc. (a) | 546 | 7,453 |
Nu Skin Enterprises, Inc., Class A | 1,714 | 56,905 |
Thorne HealthTech, Inc. (a) | 801 | 3,765 |
USANA Health Sciences, Inc. (a) | 367 | 23,136 |
Waldencast PLC, Class A (a) | 698 | 5,395 |
1,624,803 | ||
Pharmaceuticals - 2.0% | ||
Aclaris Therapeutics, Inc. (a) | 2,420 | 25,095 |
Amneal Pharmaceuticals, Inc. (a) | 4,248 | 13,169 |
Amphastar Pharmaceuticals, Inc. (a) | 1,342 | 77,125 |
Amylyx Pharmaceuticals, Inc. (a) | 1,763 | 38,028 |
ANI Pharmaceuticals, Inc. (a) | 451 | 24,277 |
Arvinas, Inc. (a) | 1,731 | 42,963 |
Assertio Holdings, Inc. (a) | 1,924 | 10,428 |
Atea Pharmaceuticals, Inc. (a) | 2,671 | 9,990 |
Axsome Therapeutics, Inc. (a) | 1,146 | 82,352 |
Biote Corp., Class A (a) | 488 | 3,299 |
Bright Green Corp. (a) | 2,110 | 2,131 |
Bristol-Myers Squibb Co. | 25,029 | 1,600,605 |
Cara Therapeutics, Inc. (a) | 2,213 | 6,263 |
Cassava Sciences, Inc. (a) | 1,386 | 33,985 |
Catalent, Inc. (a) | 2,329 | 100,985 |
Citius Pharmaceuticals, Inc. (a) | 4,282 | 5,138 |
Number of Shares | Fair Value | |
Collegium Pharmaceutical, Inc. (a) | 1,208 | $ 25,960 |
Corcept Therapeutics, Inc. (a) | 2,797 | 62,233 |
CorMedix, Inc. (a) | 1,555 | 6,166 |
Cymabay Therapeutics, Inc. (a) | 3,418 | 37,427 |
DICE Therapeutics, Inc. (a) | 1,350 | 62,721 |
Edgewise Therapeutics, Inc. (a) | 1,855 | 14,376 |
Elanco Animal Health, Inc. (a) | 4,882 | 49,113 |
Eli Lilly & Co. | 10,068 | 4,721,691 |
Enliven Therapeutics, Inc. (a) | 813 | 16,593 |
Evolus, Inc. (a) | 1,540 | 11,196 |
Eyenovia, Inc. (a) | 973 | 2,306 |
EyePoint Pharmaceuticals, Inc. (a) | 800 | 6,960 |
GSK PLC | 61,989 | 1,099,772 |
Harmony Biosciences Holdings, Inc. (a) | 1,150 | 40,468 |
Harrow Health, Inc. (a) | 906 | 17,250 |
Ikena Oncology, Inc. (a) | 741 | 4,861 |
Innoviva, Inc. (a) | 2,067 | 26,313 |
Intra-Cellular Therapies, Inc. (a) | 3,265 | 206,740 |
Jazz Pharmaceuticals PLC (a) | 800 | 99,176 |
Johnson & Johnson | 30,837 | 5,104,140 |
Ligand Pharmaceuticals, Inc. (a) | 581 | 41,890 |
Liquidia Corp. (a) | 1,494 | 11,728 |
Longboard Pharmaceuticals, Inc. (a) | 543 | 3,986 |
Marinus Pharmaceuticals, Inc. (a) | 1,736 | 18,853 |
Merck & Company, Inc. | 30,392 | 3,506,933 |
NGM Biopharmaceuticals, Inc. (a) | 1,322 | 3,424 |
Nuvation Bio, Inc. (a) | 5,854 | 10,537 |
Ocular Therapeutix, Inc. (a) | 2,446 | 12,621 |
Omeros Corp. (a) | 2,121 | 11,538 |
Optinose, Inc. (a) | 2,541 | 3,125 |
Organon & Co. | 2,790 | 58,060 |
Pacira BioSciences, Inc. (a) | 1,566 | 62,750 |
Perrigo Co. PLC | 1,600 | 54,320 |
Pfizer, Inc. | 67,095 | 2,461,045 |
Phathom Pharmaceuticals, Inc. (a) | 858 | 12,287 |
Phibro Animal Health Corp., Class A | 956 | 13,097 |
Pliant Therapeutics, Inc. (a) | 1,969 | 35,678 |
Prestige Consumer Healthcare, Inc. (a) | 1,710 | 101,625 |
Reata Pharmaceuticals, Inc., Class A (a) | 996 | 101,552 |
Revance Therapeutics, Inc. (a) | 2,907 | 73,576 |
Roche Holding AG | 11,144 | 3,416,932 |
Royalty Pharma PLC, Class A | 4,300 | 132,182 |
30 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Sanofi | 17,194 | $ 1,850,694 |
scPharmaceuticals, Inc. (a) | 1,006 | 10,251 |
SIGA Technologies, Inc. | 2,314 | 11,686 |
Supernus Pharmaceuticals, Inc. (a) | 1,730 | 52,004 |
Taro Pharmaceutical Industries Ltd. (a) | 285 | 10,810 |
Tarsus Pharmaceuticals, Inc. (a) | 912 | 16,480 |
Terns Pharmaceuticals, Inc. (a) | 1,493 | 13,064 |
Theravance Biopharma, Inc. (a) | 2,167 | 22,428 |
Theseus Pharmaceuticals, Inc. (a) | 898 | 8,378 |
Third Harmonic Bio, Inc. (a) | 363 | 1,746 |
Trevi Therapeutics, Inc. (a) | 1,451 | 3,468 |
Ventyx Biosciences, Inc. (a) | 1,631 | 53,497 |
Verrica Pharmaceuticals, Inc. (a) | 727 | 4,195 |
Viatris, Inc. | 13,600 | 135,728 |
WaVe Life Sciences Ltd. (a) | 2,060 | 7,498 |
Xeris Biopharma Holdings, Inc. (a) | 4,077 | 10,682 |
Zevra Therapeutics, Inc. (a) | 1,209 | 6,166 |
Zoetis, Inc. | 5,522 | 950,944 |
27,008,753 | ||
Property & Casualty Insurance - 0.4% | ||
Allstate Corp. | 3,291 | 358,851 |
Ambac Financial Group, Inc. (a) | 1,442 | 20,534 |
American Financial Group, Inc. | 881 | 104,619 |
AMERISAFE, Inc. | 629 | 33,538 |
Arch Capital Group Ltd. (a) | 4,400 | 329,340 |
Argo Group International Holdings Ltd. | 1,119 | 33,133 |
Assured Guaranty Ltd. | 700 | 39,060 |
Axis Capital Holdings Ltd. | 900 | 48,447 |
Chubb Ltd. | 4,869 | 937,575 |
Cincinnati Financial Corp. | 1,965 | 191,234 |
Donegal Group, Inc., Class A | 770 | 11,111 |
Employers Holdings, Inc. | 898 | 33,594 |
Fidelity National Financial, Inc. | 3,400 | 122,400 |
First American Financial Corp. | 1,100 | 62,722 |
Hanover Insurance Group, Inc. | 400 | 45,212 |
HCI Group, Inc. | 292 | 18,040 |
Investors Title Co. | 65 | 9,490 |
James River Group Holdings Ltd. | 1,201 | 21,930 |
Kemper Corp. | 1,000 | 48,260 |
Kinsale Capital Group, Inc. | 192 | 71,846 |
Lemonade, Inc. (a) | 1,679 | 28,291 |
Loews Corp. | 2,600 | 154,388 |
Number of Shares | Fair Value | |
Markel Group, Inc. (a) | 170 | $ 235,141 |
MBIA, Inc. (a) | 1,546 | 13,357 |
Mercury General Corp. | 878 | 26,577 |
NI Holdings, Inc. (a) | 227 | 3,371 |
Old Republic International Corp. | 3,110 | 78,279 |
Palomar Holdings, Inc. (a) | 856 | 49,682 |
ProAssurance Corp. | 1,776 | 26,800 |
Progressive Corp. | 6,867 | 908,985 |
RLI Corp. | 300 | 40,941 |
Safety Insurance Group, Inc. | 503 | 36,075 |
Selective Insurance Group, Inc. | 2,108 | 202,263 |
Skyward Specialty Insurance Group, Inc. (a) | 451 | 11,455 |
Stewart Information Services Corp. | 948 | 39,001 |
Tiptree, Inc. | 781 | 11,723 |
Travelers Cos., Inc. | 2,791 | 484,685 |
Trupanion, Inc. (a) | 1,297 | 25,525 |
United Fire Group, Inc. | 692 | 15,681 |
United Insurance Holdings Corp. (a) | 683 | 3,046 |
Universal Insurance Holdings, Inc. | 828 | 12,776 |
W R Berkley Corp. | 2,531 | 150,746 |
White Mountains Insurance Group Ltd. | 24 | 33,334 |
5,133,058 | ||
Publishing - 0.0%* | ||
Daily Journal Corp. (a) | 47 | 13,596 |
Gannett Co., Inc. (a) | 6,998 | 15,746 |
John Wiley & Sons, Inc., Class A | 1,506 | 51,249 |
New York Times Co., Class A | 1,901 | 74,861 |
News Corp., Class A | 5,394 | 105,183 |
News Corp., Class B | 874 | 17,235 |
Scholastic Corp. | 1,037 | 40,329 |
318,199 | ||
Rail Transportation - 0.2% | ||
CSX Corp. | 24,484 | 834,904 |
FTAI Infrastructure, Inc. | 3,449 | 12,727 |
Norfolk Southern Corp. | 2,638 | 598,193 |
Union Pacific Corp. | 7,319 | 1,497,614 |
2,943,438 | ||
Real Estate Development - 0.0%* | ||
Forestar Group, Inc. (a) | 639 | 14,410 |
Howard Hughes Corp. (a) | 400 | 31,568 |
Maui Land & Pineapple Co., Inc. (a) | 263 | 3,745 |
Stratus Properties, Inc. | 173 | 4,541 |
54,264 |
State Street Total Return V.I.S. Fund | 31 |
Number of Shares | Fair Value | |
Real Estate Operating Companies - 0.0%* | ||
DigitalBridge Group, Inc. | 5,725 | $ 84,215 |
FRP Holdings, Inc. (a) | 291 | 16,753 |
Kennedy-Wilson Holdings, Inc. | 4,123 | 67,329 |
Transcontinental Realty Investors, Inc. (a) | 80 | 2,930 |
171,227 | ||
Real Estate Services - 0.1% | ||
Anywhere Real Estate, Inc. (a) | 3,483 | 23,267 |
CBRE Group, Inc., Class A (a) | 3,882 | 313,316 |
Compass, Inc., Class A (a) | 10,451 | 36,579 |
Cushman & Wakefield PLC (a) | 5,636 | 46,103 |
Douglas Elliman, Inc. | 3,725 | 8,270 |
eXp World Holdings, Inc. | 2,469 | 50,071 |
Jones Lang LaSalle, Inc. (a) | 500 | 77,900 |
Marcus & Millichap, Inc. | 824 | 25,964 |
Newmark Group, Inc., Class A | 4,438 | 27,604 |
Opendoor Technologies, Inc. (a) | 19,027 | 76,489 |
RE/MAX Holdings, Inc., Class A | 773 | 14,888 |
Redfin Corp. (a) | 3,741 | 46,463 |
Zillow Group, Inc., Class A (a) | 400 | 19,680 |
Zillow Group, Inc., Class C (a) | 1,500 | 75,390 |
841,984 | ||
Regional Banks - 0.7% | ||
1st Source Corp. | 583 | 24,445 |
ACNB Corp. | 404 | 13,401 |
Amalgamated Financial Corp. | 818 | 13,162 |
Amerant Bancorp, Inc. | 896 | 15,402 |
American National Bankshares, Inc. | 324 | 9,389 |
Ameris Bancorp | 2,307 | 78,922 |
Ames National Corp. | 300 | 5,409 |
Arrow Financial Corp. | 654 | 13,172 |
Associated Banc-Corp. | 5,279 | 85,678 |
Atlantic Union Bankshares Corp. | 2,612 | 67,781 |
Axos Financial, Inc. (a) | 1,966 | 77,539 |
Banc of California, Inc. | 1,903 | 22,037 |
BancFirst Corp. | 768 | 70,656 |
Bancorp, Inc. (a) | 1,907 | 62,264 |
Bank First Corp. | 325 | 27,040 |
Bank of Hawaii Corp. | 1,368 | 56,403 |
Bank of Marin Bancorp | 721 | 12,740 |
Bank OZK | 1,200 | 48,192 |
Bank7 Corp. | 130 | 3,189 |
BankUnited, Inc. | 2,659 | 57,301 |
Bankwell Financial Group, Inc. | 294 | 7,168 |
Banner Corp. | 1,201 | 52,448 |
Bar Harbor Bankshares | 468 | 11,531 |
BayCom Corp. | 604 | 10,075 |
Number of Shares | Fair Value | |
BCB Bancorp, Inc. | 722 | $ 8,476 |
Berkshire Hills Bancorp, Inc. | 1,537 | 31,862 |
Blue Foundry Bancorp (a) | 1,248 | 12,617 |
Blue Ridge Bankshares, Inc. | 866 | 7,664 |
BOK Financial Corp. | 300 | 24,234 |
Bridgewater Bancshares, Inc. (a) | 1,007 | 9,919 |
Brookline Bancorp, Inc. | 3,056 | 26,709 |
Burke & Herbert Financial Services Corp. | 224 | 14,381 |
Business First Bancshares, Inc. | 747 | 11,257 |
Byline Bancorp, Inc. | 790 | 14,291 |
C&F Financial Corp. | 114 | 6,122 |
Cadence Bank | 6,379 | 125,284 |
Cambridge Bancorp | 265 | 14,392 |
Camden National Corp. | 463 | 14,339 |
Capital Bancorp, Inc. | 466 | 8,435 |
Capital City Bank Group, Inc. | 430 | 13,175 |
Capitol Federal Financial, Inc. | 4,184 | 25,815 |
Capstar Financial Holdings, Inc. | 952 | 11,681 |
Carter Bankshares, Inc. (a) | 746 | 11,033 |
Cathay General Bancorp | 2,431 | 78,254 |
Central Pacific Financial Corp. | 855 | 13,432 |
Central Valley Community Bancorp | 348 | 5,377 |
Chemung Financial Corp. | 122 | 4,686 |
ChoiceOne Financial Services, Inc. | 243 | 5,589 |
Citizens & Northern Corp. | 471 | 9,090 |
Citizens Financial Group, Inc. | 6,152 | 160,444 |
Citizens Financial Services, Inc. | 151 | 11,245 |
City Holding Co. | 518 | 46,615 |
Civista Bancshares, Inc. | 750 | 13,050 |
CNB Financial Corp. | 638 | 11,261 |
Coastal Financial Corp. (a) | 479 | 18,034 |
Codorus Valley Bancorp, Inc. | 334 | 6,550 |
Colony Bankcorp, Inc. | 836 | 7,875 |
Columbia Banking System, Inc. | 2,293 | 46,502 |
Columbia Financial, Inc. (a) | 1,090 | 18,846 |
Comerica, Inc. | 1,864 | 78,959 |
Commerce Bancshares, Inc. | 1,623 | 79,040 |
Community Bank System, Inc. | 1,831 | 85,837 |
Community Financial Corp. | 179 | 4,849 |
Community Trust Bancorp, Inc. | 508 | 18,070 |
ConnectOne Bancorp, Inc. | 1,205 | 19,991 |
CrossFirst Bankshares, Inc. (a) | 1,428 | 14,280 |
Cullen/Frost Bankers, Inc. | 800 | 86,024 |
Customers Bancorp, Inc. (a) | 1,093 | 33,074 |
CVB Financial Corp. | 4,683 | 62,190 |
32 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Dime Community Bancshares, Inc. | 1,219 | $ 21,491 |
Eagle Bancorp, Inc. | 1,019 | 21,562 |
East West Bancorp, Inc. | 1,893 | 99,931 |
Eastern Bankshares, Inc. | 5,380 | 66,013 |
Enterprise Bancorp, Inc. | 453 | 13,110 |
Enterprise Financial Services Corp. | 1,241 | 48,523 |
Equity Bancshares, Inc., Class A | 475 | 10,820 |
Esquire Financial Holdings, Inc. | 239 | 10,932 |
ESSA Bancorp, Inc. | 303 | 4,530 |
Evans Bancorp, Inc. | 183 | 4,562 |
Farmers & Merchants Bancorp, Inc. | 611 | 13,754 |
Farmers National Banc Corp. | 1,290 | 15,957 |
FB Financial Corp. | 1,275 | 35,764 |
Fidelity D&D Bancorp, Inc. | 162 | 7,872 |
Fifth Third Bancorp | 8,533 | 223,650 |
Financial Institutions, Inc. | 732 | 11,522 |
First Bancorp | 1,362 | 40,519 |
First Bancorp, Inc. | 476 | 11,586 |
First Bancshares, Inc. | 1,058 | 27,339 |
First Bank | 789 | 8,190 |
First Busey Corp. | 1,839 | 36,964 |
First Business Financial Services, Inc. | 390 | 11,501 |
First Citizens BancShares, Inc., Class A | 119 | 152,731 |
First Commonwealth Financial Corp. | 3,583 | 45,325 |
First Community Bankshares, Inc. | 615 | 18,284 |
First Community Corp. | 257 | 4,462 |
First Financial Bancorp | 3,253 | 66,491 |
First Financial Bankshares, Inc. | 4,563 | 130,000 |
First Financial Corp. | 352 | 11,429 |
First Foundation, Inc. | 2,307 | 9,159 |
First Hawaiian, Inc. | 1,200 | 21,612 |
First Horizon Corp. | 5,900 | 66,493 |
First Interstate BancSystem, Inc., Class A | 2,881 | 68,683 |
First Merchants Corp. | 2,012 | 56,799 |
First Mid Bancshares, Inc. | 599 | 14,460 |
First of Long Island Corp. | 1,047 | 12,585 |
First Western Financial, Inc. (a) | 408 | 7,589 |
Five Star Bancorp | 589 | 13,176 |
Flushing Financial Corp. | 887 | 10,901 |
FNB Corp. | 4,000 | 45,760 |
FS Bancorp, Inc. | 231 | 6,946 |
Fulton Financial Corp. | 5,688 | 67,801 |
FVCBankcorp, Inc. (a) | 757 | 8,153 |
Number of Shares | Fair Value | |
German American Bancorp, Inc. | 909 | $ 24,707 |
Glacier Bancorp, Inc. | 3,904 | 121,688 |
Great Southern Bancorp, Inc. | 299 | 15,168 |
Greene County Bancorp, Inc. | 348 | 10,370 |
Guaranty Bancshares, Inc. | 403 | 10,913 |
Hancock Whitney Corp. | 3,061 | 117,481 |
Hanmi Financial Corp. | 977 | 14,587 |
HarborOne Bancorp, Inc. | 1,412 | 12,256 |
HBT Financial, Inc. | 595 | 10,972 |
Heartland Financial USA, Inc. | 1,459 | 40,662 |
Heritage Commerce Corp. | 1,885 | 15,608 |
Heritage Financial Corp. | 1,128 | 18,240 |
Hilltop Holdings, Inc. | 1,743 | 54,835 |
Hingham Institution For Savings The | 68 | 14,496 |
Home Bancorp, Inc. | 358 | 11,889 |
Home BancShares, Inc. | 6,653 | 151,688 |
HomeStreet, Inc. | 563 | 3,333 |
HomeTrust Bancshares, Inc. | 658 | 13,746 |
Hope Bancorp, Inc. | 3,826 | 32,215 |
Horizon Bancorp, Inc. | 1,509 | 15,709 |
Huntington Bancshares, Inc. | 18,046 | 194,536 |
Independent Bank Corp. | 2,522 | 86,715 |
Independent Bank Group, Inc. | 1,269 | 43,819 |
International Bancshares Corp. | 1,866 | 82,477 |
John Marshall Bancorp, Inc. | 567 | 11,391 |
Kearny Financial Corp. | 1,909 | 13,458 |
Lakeland Bancorp, Inc. | 2,046 | 27,396 |
Lakeland Financial Corp. | 871 | 42,261 |
LCNB Corp. | 368 | 5,432 |
Live Oak Bancshares, Inc. | 1,173 | 30,862 |
Luther Burbank Corp. | 775 | 6,913 |
M&T Bank Corp. | 2,052 | 253,955 |
Macatawa Bank Corp. | 1,283 | 11,906 |
MainStreet Bancshares, Inc. | 243 | 5,506 |
Mercantile Bank Corp. | 492 | 13,589 |
Metrocity Bankshares, Inc. | 575 | 10,287 |
Metropolitan Bank Holding Corp. (a) | 469 | 16,288 |
Mid Penn Bancorp, Inc. | 452 | 9,980 |
Middlefield Banc Corp. | 274 | 7,343 |
Midland States Bancorp, Inc. | 676 | 13,459 |
MidWestOne Financial Group, Inc. | 654 | 13,976 |
MVB Financial Corp. | 507 | 10,688 |
National Bank Holdings Corp., Class A | 1,284 | 37,287 |
National Bankshares, Inc. | 201 | 5,867 |
NBT Bancorp, Inc. | 1,471 | 46,851 |
New York Community Bancorp, Inc. | 8,500 | 95,540 |
Nicolet Bankshares, Inc. | 441 | 29,948 |
Northeast Bank | 322 | 13,418 |
State Street Total Return V.I.S. Fund | 33 |
Number of Shares | Fair Value | |
Northeast Community Bancorp, Inc. | 466 | $ 6,934 |
Northfield Bancorp, Inc. | 1,371 | 15,054 |
Northrim BanCorp, Inc. | 192 | 7,551 |
Northwest Bancshares, Inc. | 4,290 | 45,474 |
Norwood Financial Corp. | 257 | 7,589 |
Oak Valley Bancorp | 235 | 5,920 |
OceanFirst Financial Corp. | 1,912 | 29,865 |
Old National Bancorp | 10,122 | 141,101 |
Old Second Bancorp, Inc. | 1,370 | 17,892 |
Orange County Bancorp, Inc. | 178 | 6,586 |
Origin Bancorp, Inc. | 1,018 | 29,827 |
Orrstown Financial Services, Inc. | 512 | 9,805 |
Pacific Premier Bancorp, Inc. | 3,273 | 67,686 |
PacWest Bancorp | 4,181 | 34,075 |
Park National Corp. | 505 | 51,672 |
Parke Bancorp, Inc. | 513 | 8,716 |
Pathward Financial, Inc. | 960 | 44,506 |
PCB Bancorp | 582 | 8,561 |
Peapack-Gladstone Financial Corp. | 549 | 14,867 |
Penns Woods Bancorp, Inc. | 239 | 5,982 |
Peoples Bancorp, Inc. | 1,109 | 29,444 |
Peoples Financial Services Corp. | 218 | 9,546 |
Pinnacle Financial Partners, Inc. | 886 | 50,192 |
Pioneer Bancorp, Inc. (a) | 624 | 5,585 |
Plumas Bancorp | 191 | 6,817 |
Ponce Financial Group, Inc. (a) | 713 | 6,196 |
Preferred Bank | 433 | 23,811 |
Premier Financial Corp. | 1,155 | 18,503 |
Primis Financial Corp. | 1,102 | 9,279 |
Princeton Bancorp, Inc. | 177 | 4,836 |
Prosperity Bancshares, Inc. | 1,200 | 67,776 |
Provident Financial Services, Inc. | 2,596 | 42,419 |
QCR Holdings, Inc. | 575 | 23,592 |
RBB Bancorp | 722 | 8,621 |
Red River Bancshares, Inc. | 218 | 10,712 |
Regions Financial Corp. | 11,677 | 208,084 |
Renasant Corp. | 1,925 | 50,300 |
Republic Bancorp, Inc., Class A | 274 | 11,645 |
S&T Bancorp, Inc. | 1,390 | 37,794 |
Sandy Spring Bancorp, Inc. | 1,557 | 35,313 |
Seacoast Banking Corp. of Florida | 2,937 | 64,908 |
ServisFirst Bancshares, Inc. | 1,783 | 72,960 |
Shore Bancshares, Inc. | 872 | 10,080 |
Sierra Bancorp | 676 | 11,472 |
Simmons First National Corp., Class A | 4,403 | 75,952 |
SmartFinancial, Inc. | 489 | 10,518 |
Number of Shares | Fair Value | |
South Plains Financial, Inc. | 486 | $ 10,940 |
Southern First Bancshares, Inc. (a) | 372 | 9,207 |
Southern Missouri Bancorp, Inc. | 367 | 14,111 |
Southern States Bancshares, Inc. | 261 | 5,507 |
Southside Bancshares, Inc. | 989 | 25,872 |
SouthState Corp. | 2,665 | 175,357 |
Stellar Bancorp, Inc. | 1,704 | 39,005 |
Sterling Bancorp, Inc. (a) | 434 | 2,374 |
Stock Yards Bancorp, Inc. | 1,016 | 46,096 |
Summit Financial Group, Inc. | 548 | 11,322 |
Synovus Financial Corp. | 1,618 | 48,944 |
Texas Capital Bancshares, Inc. (a) | 1,683 | 86,674 |
Third Coast Bancshares, Inc. (a) | 638 | 10,125 |
Timberland Bancorp, Inc. | 263 | 6,728 |
Tompkins Financial Corp. | 456 | 25,399 |
Towne Bank | 2,415 | 56,125 |
TriCo Bancshares | 1,110 | 36,852 |
Triumph Financial, Inc. (a) | 815 | 49,487 |
Truist Financial Corp. | 15,198 | 461,259 |
TrustCo Bank Corp. NY | 607 | 17,366 |
Trustmark Corp. | 2,157 | 45,556 |
UMB Financial Corp. | 1,550 | 94,395 |
United Bankshares, Inc. | 4,594 | 136,304 |
United Community Banks, Inc. | 4,031 | 100,735 |
Unity Bancorp, Inc. | 364 | 8,587 |
Univest Financial Corp. | 937 | 16,941 |
USCB Financial Holdings, Inc. (a) | 296 | 3,019 |
Valley National Bancorp | 14,888 | 115,382 |
Veritex Holdings, Inc. | 1,872 | 33,565 |
Virginia National Bankshares Corp. | 165 | 5,305 |
Washington Federal, Inc. | 2,263 | 60,015 |
Washington Trust Bancorp, Inc. | 553 | 14,826 |
Webster Financial Corp. | 2,172 | 81,993 |
WesBanco, Inc. | 2,021 | 51,758 |
West BanCorp, Inc. | 785 | 14,452 |
Westamerica BanCorp | 928 | 35,542 |
Western Alliance Bancorp | 1,100 | 40,117 |
Wintrust Financial Corp. | 900 | 65,358 |
WSFS Financial Corp. | 2,136 | 80,570 |
Zions Bancorp NA | 1,575 | 42,304 |
9,264,328 | ||
Reinsurance - 0.1% | ||
Enstar Group Ltd. (a) | 416 | 101,604 |
Everest Re Group Ltd. | 435 | 148,709 |
Greenlight Capital Re Ltd., Class A (a) | 1,282 | 13,506 |
34 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Maiden Holdings Ltd. (a) | 3,163 | $ 6,642 |
Reinsurance Group of America, Inc. | 800 | 110,952 |
Swiss Re AG | 4,572 | 460,894 |
842,307 | ||
Renewable Electricity - 0.0%* | ||
Altus Power, Inc. (a) | 2,938 | 15,865 |
Brookfield Renewable Corp., Class A | 3,200 | 100,981 |
Clearway Energy, Inc., Class C | 300 | 8,568 |
Montauk Renewables, Inc. (a) | 2,061 | 15,334 |
Ormat Technologies, Inc. | 1,872 | 150,621 |
Sunnova Energy International, Inc. (a) | 3,471 | 63,554 |
354,923 | ||
Research & Consulting Services - 0.3% | ||
Blacksky Technology, Inc. (a) | 4,119 | 9,144 |
Booz Allen Hamilton Holding Corp. | 1,624 | 181,239 |
CACI International, Inc., Class A (a) | 269 | 91,686 |
CBIZ, Inc. (a) | 1,671 | 89,031 |
Clarivate PLC (a) | 5,512 | 52,529 |
CoStar Group, Inc. (a) | 5,028 | 447,492 |
CRA International, Inc. | 227 | 23,154 |
Dun & Bradstreet Holdings, Inc. | 3,900 | 45,123 |
Equifax, Inc. | 1,491 | 350,832 |
Experian PLC | 13,966 | 536,599 |
Exponent, Inc. | 1,782 | 166,296 |
FiscalNote Holdings, Inc. (a) | 2,170 | 7,899 |
Forrester Research, Inc. (a) | 358 | 10,414 |
Franklin Covey Co. (a) | 390 | 17,035 |
FTI Consulting, Inc. (a) | 400 | 76,080 |
Huron Consulting Group, Inc. (a) | 689 | 58,503 |
ICF International, Inc. | 643 | 79,983 |
Innodata, Inc. (a) | 879 | 9,959 |
Jacobs Solutions, Inc. | 1,600 | 190,224 |
KBR, Inc. | 1,700 | 110,602 |
Legalzoom.com, Inc. (a) | 3,630 | 43,851 |
Leidos Holdings, Inc. | 1,591 | 140,772 |
Mistras Group, Inc. (a) | 726 | 5,605 |
NV5 Global, Inc. (a) | 478 | 52,948 |
Planet Labs PBC (a) | 6,369 | 20,508 |
Red Violet, Inc. (a) | 493 | 10,141 |
Resources Connection, Inc. | 1,033 | 16,229 |
Science Applications International Corp. | 600 | 67,488 |
TransUnion | 2,489 | 194,963 |
Verisk Analytics, Inc. | 1,746 | 394,648 |
Number of Shares | Fair Value | |
Willdan Group, Inc. (a) | 588 | $ 11,266 |
3,512,243 | ||
Restaurants - 0.5% | ||
Aramark | 2,900 | 124,845 |
Biglari Holdings, Inc., Class B (a) | 39 | 7,688 |
BJ's Restaurants, Inc. (a) | 737 | 23,437 |
Bloomin' Brands, Inc. | 3,044 | 81,853 |
Brinker International, Inc. (a) | 1,518 | 55,559 |
Carrols Restaurant Group, Inc. (a) | 1,281 | 6,456 |
Cheesecake Factory, Inc. | 1,693 | 58,544 |
Chipotle Mexican Grill, Inc. (a) | 315 | 673,785 |
Chuy's Holdings, Inc. (a) | 582 | 23,757 |
Cracker Barrel Old Country Store, Inc. | 770 | 71,749 |
Darden Restaurants, Inc. | 1,500 | 250,620 |
Dave & Buster's Entertainment, Inc. (a) | 1,502 | 66,929 |
Denny's Corp. (a) | 1,808 | 22,275 |
Dine Brands Global, Inc. | 545 | 31,626 |
Domino's Pizza, Inc. | 380 | 128,056 |
DoorDash, Inc., Class A (a) | 3,300 | 252,186 |
El Pollo Loco Holdings, Inc. | 971 | 8,516 |
Fiesta Restaurant Group, Inc. (a) | 617 | 4,899 |
First Watch Restaurant Group, Inc. (a) | 745 | 12,590 |
Jack in the Box, Inc. | 723 | 70,514 |
Krispy Kreme, Inc. | 3,052 | 44,956 |
Kura Sushi USA, Inc., Class A (a) | 203 | 18,869 |
McDonald's Corp. | 8,560 | 2,554,390 |
Nathan's Famous, Inc. | 98 | 7,697 |
Noodles & Co. (a) | 2,040 | 6,895 |
ONE Group Hospitality, Inc. (a) | 1,141 | 8,352 |
Papa John's International, Inc. | 1,217 | 89,851 |
Portillo's, Inc., Class A (a) | 1,481 | 33,367 |
Potbelly Corp. (a) | 910 | 7,990 |
Red Robin Gourmet Burgers, Inc. (a) | 553 | 7,648 |
Shake Shack, Inc., Class A (a) | 1,304 | 101,347 |
Starbucks Corp. | 13,580 | 1,345,235 |
Sweetgreen, Inc., Class A (a) | 3,381 | 43,344 |
Texas Roadhouse, Inc. | 600 | 67,368 |
Wendy's Co. | 1,700 | 36,975 |
Wingstop, Inc. | 200 | 40,032 |
Yum! Brands, Inc. | 3,181 | 440,728 |
6,830,928 | ||
Retail REITs - 0.2% | ||
Acadia Realty Trust | 3,307 | 47,588 |
Agree Realty Corp. | 700 | 45,773 |
State Street Total Return V.I.S. Fund | 35 |
Number of Shares | Fair Value | |
Alexander's, Inc. | 68 | $ 12,502 |
Brixmor Property Group, Inc. | 3,500 | 77,000 |
CBL & Associates Properties, Inc. | 868 | 19,131 |
Federal Realty Investment Trust | 900 | 87,093 |
Getty Realty Corp. | 1,563 | 52,861 |
InvenTrust Properties Corp. | 2,369 | 54,819 |
Kimco Realty Corp. | 7,534 | 148,570 |
Kite Realty Group Trust | 7,661 | 171,147 |
Macerich Co. | 7,501 | 84,536 |
Necessity Retail REIT, Inc. | 4,793 | 32,401 |
NETSTREIT Corp. | 2,136 | 38,170 |
NNN REIT, Inc. | 1,800 | 77,022 |
Phillips Edison & Co., Inc. | 4,130 | 140,750 |
Realty Income Corp. | 7,797 | 466,183 |
Regency Centers Corp. | 2,100 | 129,717 |
Retail Opportunity Investments Corp. | 4,216 | 56,958 |
RPT Realty | 3,008 | 31,434 |
Saul Centers, Inc. | 378 | 13,922 |
Simon Property Group, Inc. | 3,763 | 434,551 |
SITE Centers Corp. | 6,589 | 87,107 |
Spirit Realty Capital, Inc. | 1,600 | 63,008 |
Tanger Factory Outlet Centers, Inc. | 3,535 | 78,017 |
Urban Edge Properties | 3,996 | 61,658 |
Urstadt Biddle Properties, Inc., Class A | 918 | 19,517 |
Whitestone REIT | 1,490 | 14,453 |
2,545,888 | ||
Security & Alarm Services - 0.0%* | ||
Brink's Co. | 1,609 | 109,138 |
CoreCivic, Inc. (a) | 3,767 | 35,447 |
GEO Group, Inc. (a) | 3,897 | 27,903 |
172,488 | ||
Self Storage REITs - 0.1% | ||
CubeSmart | 2,800 | 125,048 |
Extra Space Storage, Inc. | 1,617 | 240,691 |
Life Storage, Inc. | 1,048 | 139,342 |
National Storage Affiliates Trust | 1,300 | 45,279 |
Public Storage | 1,908 | 556,907 |
1,107,267 | ||
Semiconductor Materials & Equipment - 0.4% | ||
ACM Research, Inc., Class A (a) | 1,543 | 20,182 |
Aehr Test Systems (a) | 902 | 37,208 |
Amkor Technology, Inc. | 3,533 | 105,107 |
Applied Materials, Inc. | 10,034 | 1,450,314 |
Atomera, Inc. (a) | 634 | 5,560 |
Axcelis Technologies, Inc. (a) | 1,144 | 209,730 |
Number of Shares | Fair Value | |
Cohu, Inc. (a) | 1,644 | $ 68,325 |
Enphase Energy, Inc. (a) | 1,646 | 275,672 |
Entegris, Inc. | 1,882 | 208,563 |
FormFactor, Inc. (a) | 2,685 | 91,881 |
Ichor Holdings Ltd. (a) | 1,004 | 37,650 |
inTEST Corp. (a) | 374 | 9,821 |
KLA Corp. | 1,623 | 787,187 |
Lam Research Corp. | 1,579 | 1,015,076 |
MKS Instruments, Inc. | 800 | 86,480 |
Onto Innovation, Inc. (a) | 1,742 | 202,891 |
PDF Solutions, Inc. (a) | 1,062 | 47,896 |
Photronics, Inc. (a) | 2,117 | 54,597 |
Teradyne, Inc. | 1,929 | 214,756 |
Ultra Clean Holdings, Inc. (a) | 1,589 | 61,113 |
Veeco Instruments, Inc. (a) | 1,791 | 45,993 |
5,036,002 | ||
Semiconductors - 2.2% | ||
Advanced Micro Devices, Inc. (a) | 19,200 | 2,187,072 |
Alpha & Omega Semiconductor Ltd. (a) | 808 | 26,502 |
Ambarella, Inc. (a) | 1,289 | 107,851 |
Analog Devices, Inc. | 6,069 | 1,182,302 |
Broadcom, Inc. | 4,830 | 4,189,687 |
CEVA, Inc. (a) | 743 | 18,984 |
Cirrus Logic, Inc. (a) | 600 | 48,606 |
Credo Technology Group Holding Ltd. (a) | 3,448 | 59,788 |
Diodes, Inc. (a) | 1,575 | 145,672 |
First Solar, Inc. (a) | 1,311 | 249,208 |
GLOBALFOUNDRIES, Inc. (a) | 700 | 45,206 |
Impinj, Inc. (a) | 801 | 71,810 |
Intel Corp. | 49,603 | 1,658,724 |
Lattice Semiconductor Corp. (a) | 1,700 | 163,319 |
MACOM Technology Solutions Holdings, Inc. (a) | 1,876 | 122,934 |
Marvell Technology, Inc. | 9,821 | 587,099 |
Maxeon Solar Technologies Ltd. (a) | 879 | 24,753 |
MaxLinear, Inc. (a) | 2,610 | 82,372 |
Microchip Technology, Inc. | 6,138 | 549,903 |
Micron Technology, Inc. | 12,790 | 807,177 |
Monolithic Power Systems, Inc. | 507 | 273,897 |
Navitas Semiconductor Corp. (a) | 3,557 | 37,491 |
NVE Corp. | 166 | 16,175 |
NVIDIA Corp. | 28,292 | 11,968,082 |
ON Semiconductor Corp. (a) | 5,017 | 474,508 |
Parade Technologies Ltd. | 1,000 | 34,665 |
Power Integrations, Inc. | 1,987 | 188,109 |
Qorvo, Inc. (a) | 1,297 | 132,333 |
QUALCOMM, Inc. | 13,434 | 1,599,183 |
36 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Rambus, Inc. (a) | 3,802 | $ 243,974 |
Semtech Corp. (a) | 2,228 | 56,725 |
Silicon Laboratories, Inc. (a) | 1,109 | 174,934 |
SiTime Corp. (a) | 599 | 70,664 |
SkyWater Technology, Inc. (a) | 616 | 5,803 |
Skyworks Solutions, Inc. | 1,973 | 218,391 |
SMART Global Holdings, Inc. (a) | 1,720 | 49,897 |
Synaptics, Inc. (a) | 1,370 | 116,970 |
Texas Instruments, Inc. | 10,792 | 1,942,776 |
Transphorm, Inc. (a) | 571 | 1,941 |
Universal Display Corp. | 487 | 70,191 |
Wolfspeed, Inc. (a) | 1,679 | 93,336 |
30,099,014 | ||
Silver - 0.0%* | ||
Hecla Mining Co. | 20,944 | 107,862 |
Single-Family Residential REITs - 0.1% | ||
American Homes 4 Rent, Class A | 4,100 | 145,345 |
Equity LifeStyle Properties, Inc. | 2,302 | 153,981 |
Invitation Homes, Inc. | 7,670 | 263,848 |
Sun Communities, Inc. | 1,520 | 198,299 |
UMH Properties, Inc. | 1,918 | 30,650 |
792,123 | ||
Soft Drinks & Non-alcoholic Beverages - 0.5% | ||
Celsius Holdings, Inc. (a) | 500 | 74,595 |
Coca-Cola Co. | 46,038 | 2,772,408 |
Coca-Cola Consolidated, Inc. | 166 | 105,579 |
Keurig Dr Pepper, Inc. | 10,691 | 334,308 |
Monster Beverage Corp. (a) | 8,604 | 494,214 |
National Beverage Corp. (a) | 843 | 40,759 |
PepsiCo, Inc. | 16,363 | 3,030,755 |
Primo Water Corp. | 5,405 | 67,779 |
Vita Coco Co., Inc. (a) | 996 | 26,763 |
Zevia PBC, Class A (a) | 869 | 3,745 |
6,950,905 | ||
Specialized Consumer Services - 0.0%* | ||
Carriage Services, Inc. | 421 | 13,670 |
European Wax Center, Inc., Class A (a) | 1,190 | 22,170 |
Frontdoor, Inc. (a) | 2,878 | 91,808 |
H&R Block, Inc. | 2,000 | 63,740 |
Rover Group, Inc. (a) | 2,978 | 14,622 |
Service Corp. International | 1,878 | 121,300 |
WW International, Inc. (a) | 1,710 | 11,491 |
338,801 | ||
Specialized Finance - 0.0%* | ||
Acacia Research Corp. (a) | 1,325 | 5,512 |
Number of Shares | Fair Value | |
A-Mark Precious Metals, Inc. | 666 | $ 24,932 |
SWK Holdings Corp. (a) | 217 | 3,632 |
34,076 | ||
Specialty Chemicals - 0.3% | ||
Albemarle Corp. | 1,437 | 320,580 |
Amyris, Inc. (a) | 9,925 | 10,223 |
Ashland, Inc. | 700 | 60,837 |
Aspen Aerogels, Inc. (a) | 2,186 | 17,248 |
Avient Corp. | 3,146 | 128,671 |
Axalta Coating Systems Ltd. (a) | 2,500 | 82,025 |
Balchem Corp. | 1,120 | 150,987 |
Celanese Corp. | 1,300 | 150,540 |
Chase Corp. | 270 | 32,729 |
Danimer Scientific, Inc. (a) | 3,007 | 7,157 |
Diversey Holdings Ltd. (a) | 2,540 | 21,311 |
DuPont de Nemours, Inc. | 5,676 | 405,494 |
Eastman Chemical Co. | 1,377 | 115,282 |
Ecolab, Inc. | 2,840 | 530,200 |
Ecovyst, Inc. (a) | 3,320 | 38,047 |
Element Solutions, Inc. | 2,400 | 46,080 |
FutureFuel Corp. | 1,304 | 11,540 |
Ginkgo Bioworks Holdings, Inc. (a) | 14,700 | 27,342 |
HB Fuller Co. | 1,894 | 135,440 |
Ingevity Corp. (a) | 1,287 | 74,852 |
Innospec, Inc. | 873 | 87,684 |
International Flavors & Fragrances, Inc. | 3,213 | 255,723 |
Livent Corp. (a) | 6,295 | 172,672 |
Minerals Technologies, Inc. | 1,130 | 65,190 |
NewMarket Corp. | 75 | 30,159 |
Perimeter Solutions SA (a) | 5,462 | 33,591 |
PPG Industries, Inc. | 2,691 | 399,075 |
Quaker Chemical Corp. | 484 | 94,332 |
Rayonier Advanced Materials, Inc. (a) | 1,947 | 8,333 |
RPM International, Inc. | 1,636 | 146,798 |
Sensient Technologies Corp. | 1,473 | 104,775 |
Sherwin-Williams Co. | 2,808 | 745,580 |
Stepan Co. | 745 | 71,192 |
Valhi, Inc. | 60 | 771 |
4,582,460 | ||
Steel - 0.1% | ||
Alpha Metallurgical Resources, Inc. | 452 | 74,291 |
ATI, Inc. (a) | 4,498 | 198,946 |
Carpenter Technology Corp. | 1,686 | 94,635 |
Cleveland-Cliffs, Inc. (a) | 6,337 | 106,208 |
Commercial Metals Co. | 4,094 | 215,590 |
Haynes International, Inc. | 402 | 20,430 |
Nucor Corp. | 2,993 | 490,792 |
State Street Total Return V.I.S. Fund | 37 |
Number of Shares | Fair Value | |
Olympic Steel, Inc. | 309 | $ 15,141 |
Ramaco Resources, Inc., Class B (a) | 226 | 2,396 |
Ramaco Resources, Inc., Class A | 1,129 | 9,529 |
Reliance Steel & Aluminum Co. | 698 | 189,570 |
Ryerson Holding Corp. | 785 | 34,053 |
Schnitzer Steel Industries, Inc., Class A | 841 | 25,222 |
Steel Dynamics, Inc. | 2,102 | 228,971 |
SunCoke Energy, Inc. | 2,720 | 21,406 |
TimkenSteel Corp. (a) | 1,449 | 31,255 |
U.S. Steel Corp. | 2,600 | 65,026 |
Warrior Met Coal, Inc. | 1,795 | 69,915 |
Worthington Industries, Inc. | 1,096 | 76,139 |
1,969,515 | ||
Systems Software - 2.7% | ||
A10 Networks, Inc. | 2,462 | 35,921 |
Adeia, Inc. | 3,713 | 40,880 |
Appian Corp., Class A (a) | 1,404 | 66,830 |
CommVault Systems, Inc. (a) | 1,569 | 113,941 |
Crowdstrike Holdings, Inc., Class A (a) | 2,510 | 368,644 |
CyberArk Software Ltd. (a) | 600 | 93,798 |
Dolby Laboratories, Inc., Class A | 657 | 54,978 |
Fortinet, Inc. (a) | 7,555 | 571,082 |
Gen Digital, Inc. | 6,913 | 128,236 |
Gitlab, Inc., Class A (a) | 400 | 20,444 |
Microsoft Corp. | 88,650 | 30,188,871 |
Monday.com Ltd. (a) | 293 | 50,167 |
N-able, Inc. (a) | 2,438 | 35,132 |
OneSpan, Inc. (a) | 1,293 | 19,188 |
Oracle Corp. | 18,145 | 2,160,888 |
Palo Alto Networks, Inc. (a) | 3,541 | 904,761 |
Progress Software Corp. | 1,494 | 86,801 |
Qualys, Inc. (a) | 1,297 | 167,534 |
Rapid7, Inc. (a) | 2,092 | 94,726 |
SentinelOne, Inc., Class A (a) | 2,400 | 36,240 |
ServiceNow, Inc. (a) | 2,428 | 1,364,463 |
SolarWinds Corp. (a) | 1,782 | 18,283 |
Tenable Holdings, Inc. (a) | 3,996 | 174,026 |
Teradata Corp. (a) | 1,100 | 58,751 |
UiPath, Inc., Class A (a) | 4,800 | 79,536 |
Varonis Systems, Inc. (a) | 3,805 | 101,403 |
VMware, Inc., Class A (a) | 2,639 | 379,198 |
Xperi, Inc. (a) | 1,328 | 17,463 |
Zscaler, Inc. (a) | 1,079 | 157,858 |
Zuora, Inc., Class A (a) | 4,447 | 48,784 |
37,638,827 | ||
Technology Distributors - 0.1% | ||
Arrow Electronics, Inc. (a) | 667 | 95,534 |
Number of Shares | Fair Value | |
Avnet, Inc. | 1,000 | $ 50,450 |
CDW Corp. | 1,671 | 306,628 |
Climb Global Solutions, Inc. | 145 | 6,940 |
ePlus, Inc. (a) | 936 | 52,697 |
Insight Enterprises, Inc. (a) | 1,001 | 146,486 |
PC Connection, Inc. | 362 | 16,326 |
Richardson Electronics Ltd. | 417 | 6,881 |
ScanSource, Inc. (a) | 825 | 24,387 |
TD SYNNEX Corp. | 500 | 47,000 |
753,329 | ||
Technology Hardware, Storage & Peripherals - 2.6% | ||
Apple, Inc. | 177,666 | 34,461,681 |
Avid Technology, Inc. (a) | 1,149 | 29,299 |
CompoSecure, Inc. (a) | 573 | 3,931 |
Corsair Gaming, Inc. (a) | 1,317 | 23,364 |
CPI Card Group, Inc. (a) | 148 | 3,441 |
Eastman Kodak Co. (a) | 2,847 | 13,153 |
Hewlett Packard Enterprise Co. | 16,084 | 270,211 |
HP, Inc. | 10,538 | 323,622 |
Immersion Corp. | 1,091 | 7,724 |
Intevac, Inc. (a) | 889 | 3,334 |
IonQ, Inc. (a) | 5,604 | 75,822 |
NetApp, Inc. | 2,567 | 196,119 |
Pure Storage, Inc., Class A (a) | 3,700 | 136,234 |
Super Micro Computer, Inc. (a) | 1,617 | 403,037 |
Turtle Beach Corp. (a) | 547 | 6,372 |
Western Digital Corp. (a) | 4,000 | 151,720 |
Xerox Holdings Corp. | 3,993 | 59,456 |
36,168,520 | ||
Telecom Tower REITs - 0.1% | ||
American Tower Corp. | 5,434 | 1,053,870 |
Crown Castle, Inc. | 5,005 | 570,270 |
SBA Communications Corp. | 1,315 | 304,764 |
1,928,904 | ||
Timber REITs - 0.0%* | ||
PotlatchDeltic Corp. | 2,748 | 145,232 |
Rayonier, Inc. | 1,600 | 50,240 |
Weyerhaeuser Co. | 9,193 | 308,057 |
503,529 | ||
Tires & Rubber - 0.0%* | ||
Goodyear Tire & Rubber Co. (a) | 9,878 | 135,131 |
Tobacco - 0.2% | ||
Altria Group, Inc. | 21,007 | 951,617 |
Philip Morris International, Inc. | 18,391 | 1,795,329 |
Turning Point Brands, Inc. | 693 | 16,639 |
Universal Corp. | 852 | 42,549 |
38 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Vector Group Ltd. | 5,016 | $ 64,255 |
2,870,389 | ||
Trading Companies & Distributors - 0.3% | ||
Air Lease Corp. | 1,200 | 50,220 |
Alta Equipment Group, Inc. | 663 | 11,490 |
Applied Industrial Technologies, Inc. | 1,341 | 194,217 |
Beacon Roofing Supply, Inc. (a) | 1,705 | 141,481 |
BlueLinx Holdings, Inc. (a) | 315 | 29,541 |
Boise Cascade Co. | 1,390 | 125,586 |
Core & Main, Inc., Class A (a) | 700 | 21,938 |
Custom Truck One Source, Inc. (a) | 1,894 | 12,766 |
Distribution Solutions Group, Inc. (a) | 158 | 8,225 |
DXP Enterprises, Inc. (a) | 484 | 17,622 |
EVI Industries, Inc. (a) | 165 | 3,630 |
Fastenal Co. | 6,537 | 385,618 |
Ferguson PLC | 2,300 | 361,813 |
FTAI Aviation Ltd. | 3,471 | 109,892 |
GATX Corp. | 1,238 | 159,380 |
Global Industrial Co. | 409 | 11,358 |
GMS, Inc. (a) | 1,435 | 99,302 |
H&E Equipment Services, Inc. | 1,132 | 51,789 |
Herc Holdings, Inc. | 986 | 134,934 |
Hudson Technologies, Inc. (a) | 1,361 | 13,093 |
Karat Packaging, Inc. | 334 | 6,096 |
McGrath RentCorp | 843 | 77,961 |
MRC Global, Inc. (a) | 2,936 | 29,566 |
MSC Industrial Direct Co., Inc., Class A | 498 | 47,449 |
NOW, Inc. (a) | 3,646 | 37,773 |
Rush Enterprises, Inc., Class A | 1,450 | 88,073 |
Rush Enterprises, Inc., Class B | 208 | 14,156 |
SiteOne Landscape Supply, Inc. (a) | 500 | 83,680 |
Titan Machinery, Inc. (a) | 656 | 19,352 |
Transcat, Inc. (a) | 258 | 22,010 |
United Rentals, Inc. | 844 | 375,892 |
Univar Solutions, Inc. (a) | 2,000 | 71,680 |
Veritiv Corp. | 460 | 57,781 |
Watsco, Inc. | 420 | 160,217 |
WESCO International, Inc. | 500 | 89,530 |
Willis Lease Finance Corp. (a) | 99 | 3,874 |
WW Grainger, Inc. | 526 | 414,798 |
Xometry, Inc., Class A (a) | 1,230 | 26,051 |
3,569,834 | ||
Transaction & Payment Processing Services - 0.9% | ||
Affirm Holdings, Inc. (a) | 3,500 | 53,655 |
Number of Shares | Fair Value | |
AvidXchange Holdings, Inc. (a) | 5,161 | $ 53,571 |
Block, Inc. (a) | 6,132 | 408,207 |
Cantaloupe, Inc. (a) | 1,790 | 14,248 |
Cass Information Systems, Inc. | 435 | 16,869 |
Euronet Worldwide, Inc. (a) | 500 | 58,685 |
Fidelity National Information Services, Inc. | 6,768 | 370,210 |
Fiserv, Inc. (a) | 7,147 | 901,594 |
FleetCor Technologies, Inc. (a) | 888 | 222,959 |
Flywire Corp. (a) | 3,349 | 103,953 |
Global Payments, Inc. | 2,913 | 286,989 |
I3 Verticals, Inc., Class A (a) | 746 | 17,054 |
International Money Express, Inc. (a) | 1,026 | 25,168 |
Jack Henry & Associates, Inc. | 938 | 156,955 |
Marqeta, Inc., Class A (a) | 17,088 | 83,218 |
Mastercard, Inc., Class A | 10,050 | 3,952,665 |
Payoneer Global, Inc. (a) | 9,239 | 44,440 |
PayPal Holdings, Inc. (a) | 13,431 | 896,251 |
Paysafe Ltd. (a) | 1,131 | 11,412 |
Paysign, Inc. (a) | 1,138 | 2,788 |
Priority Technology Holdings, Inc. (a) | 431 | 1,560 |
Remitly Global, Inc. (a) | 2,940 | 55,331 |
Repay Holdings Corp. (a) | 2,837 | 22,214 |
Shift4 Payments, Inc., Class A (a) | 600 | 40,746 |
Toast, Inc., Class A (a) | 3,800 | 85,766 |
Visa, Inc., Class A | 19,366 | 4,599,038 |
Western Union Co. | 4,000 | 46,920 |
WEX, Inc. (a) | 492 | 89,578 |
12,622,044 | ||
Water Utilities - 0.1% | ||
American States Water Co. | 1,277 | 111,099 |
American Water Works Co., Inc. | 2,232 | 318,618 |
Artesian Resources Corp., Class A | 264 | 12,466 |
Cadiz, Inc. (a) | 1,413 | 5,737 |
California Water Service Group | 1,956 | 100,988 |
Essential Utilities, Inc. | 2,900 | 115,739 |
Global Water Resources, Inc. | 695 | 8,812 |
Middlesex Water Co. | 612 | 49,364 |
Pure Cycle Corp. (a) | 688 | 7,568 |
SJW Group | 1,081 | 75,789 |
York Water Co. | 462 | 19,067 |
825,247 | ||
Wireless Telecommunication Services - 0.1% | ||
Gogo, Inc. (a) | 2,311 | 39,310 |
State Street Total Return V.I.S. Fund | 39 |
Number of Shares | Fair Value | |
Shenandoah Telecommunications Co. | 1,744 | $ 33,886 |
Spok Holdings, Inc. | 619 | 8,227 |
Telephone & Data Systems, Inc. | 3,331 | 27,414 |
T-Mobile US Inc. (a) | 6,615 | 918,823 |
1,027,660 | ||
Total Common Stock (Cost $534,900,240) | 587,150,885 | |
Total Domestic Equity (Cost $534,900,240) | 587,150,885 | |
Foreign Equity - 25.1% | ||
Common Stock - 24.9% | ||
Advertising - 0.1% | ||
CyberAgent, Inc. | 7,400 | 54,006 |
Dentsu Group, Inc. | 3,200 | 105,064 |
Focus Media Information Technology Co. Ltd., Class A | 10,900 | 10,207 |
Gambling.com Group Ltd. (a) | 503 | 5,151 |
Hakuhodo DY Holdings, Inc. | 3,600 | 37,938 |
Informa PLC | 21,423 | 198,012 |
Publicis Groupe SA | 3,449 | 276,753 |
WPP PLC | 16,089 | 168,821 |
855,952 | ||
Aerospace & Defense - 0.3% | ||
AECC Aviation Power Co. Ltd., Class A | 2,100 | 12,222 |
Airbus SE | 8,976 | 1,297,528 |
Aselsan Elektronik Sanayi Ve Ticaret AS | 7,417 | 15,519 |
AviChina Industry & Technology Co. Ltd., Class H | 35,000 | 17,026 |
BAE Systems PLC | 46,881 | 553,373 |
Bharat Electronics Ltd. | 52,882 | 81,213 |
CAE, Inc. (a) | 5,100 | 114,275 |
Dassault Aviation SA | 368 | 73,716 |
Elbit Systems Ltd. | 392 | 81,952 |
Hanwha Aerospace Co. Ltd. | 501 | 48,522 |
Hindustan Aeronautics Ltd. | 1,227 | 56,829 |
Kongsberg Gruppen ASA | 1,281 | 58,336 |
Korea Aerospace Industries Ltd. | 1,232 | 50,035 |
Kuang-Chi Technologies Co. Ltd., Class A | 3,100 | 6,517 |
MTU Aero Engines AG | 804 | 208,495 |
Rheinmetall AG | 655 | 179,406 |
Rolls-Royce Holdings PLC (a) | 126,170 | 242,883 |
Saab AB, Class B | 1,229 | 66,435 |
Safran SA | 5,193 | 813,644 |
Singapore Technologies Engineering Ltd. | 22,700 | 61,897 |
Number of Shares | Fair Value | |
Thales SA | 1,609 | $ 241,031 |
4,280,854 | ||
Agricultural & Farm Machinery - 0.0%* | ||
CNH Industrial NV | 25,309 | 364,757 |
Husqvarna AB, Class B | 7,171 | 64,971 |
Kubota Corp. | 15,300 | 223,603 |
653,331 | ||
Agricultural Products & Services - 0.0%* | ||
Beijing Dabeinong Technology Group Co. Ltd., Class A | 7,600 | 6,898 |
Charoen Pokphand Indonesia Tbk PT (a) | 89,500 | 31,460 |
IOI Corp. Bhd | 38,800 | 31,063 |
Kuala Lumpur Kepong Bhd | 6,800 | 32,060 |
New Hope Liuhe Co. Ltd., Class A (a) | 3,200 | 5,141 |
Sime Darby Plantation Bhd | 21,300 | 18,971 |
Wilmar International Ltd. | 28,406 | 79,969 |
205,562 | ||
Air Freight & Logistics - 0.1% | ||
Agility Public Warehousing Co. KSC (a) | 22,511 | 45,991 |
Deutsche Post AG | 15,215 | 743,303 |
DSV AS | 2,840 | 596,400 |
Hyundai Glovis Co. Ltd. | 309 | 46,521 |
JD Logistics, Inc. (a)(d) | 26,600 | 41,646 |
NIPPON EXPRESS HOLDINGS, Inc. | 1,200 | 67,577 |
SF Holding Co. Ltd., Class A | 3,700 | 22,963 |
SG Holdings Co. Ltd. | 4,500 | 64,083 |
Yamato Holdings Co. Ltd. | 4,200 | 76,002 |
YTO Express Group Co. Ltd., Class A | 2,700 | 5,410 |
Yunda Holding Co. Ltd., Class A | 3,600 | 4,739 |
ZTO Express Cayman, Inc. ADR | 6,109 | 153,214 |
1,867,849 | ||
Airport Services - 0.1% | ||
Aena SME SA (d) | 1,127 | 182,368 |
Aeroports de Paris | 436 | 62,638 |
Airports of Thailand PCL NVDR (a) | 60,963 | 123,887 |
Auckland International Airport Ltd. (a) | 18,601 | 97,590 |
Beijing Capital International Airport Co. Ltd., Class H (a) | 36,000 | 23,362 |
Grupo Aeroportuario del Pacifico SAB de CV, Class B | 5,100 | 91,360 |
40 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Grupo Aeroportuario del Sureste SAB de CV, Class B | 2,740 | $ 76,240 |
Malaysia Airports Holdings Bhd | 6,743 | 9,948 |
Shanghai International Airport Co. Ltd., Class A (a) | 1,300 | 8,133 |
675,526 | ||
Alternative Carriers - 0.0%* | ||
Liberty Latin America Ltd., Class A (a) | 1,202 | 10,517 |
Liberty Latin America Ltd., Class C (a) | 5,190 | 44,738 |
55,255 | ||
Aluminum - 0.0%* | ||
Aluminum Corp. of China Ltd., Class H | 40,000 | 17,312 |
Aluminum Corp. of China Ltd., Class A | 21,600 | 16,356 |
China Hongqiao Group Ltd. | 30,000 | 24,502 |
Hindalco Industries Ltd. | 19,152 | 98,763 |
Norsk Hydro ASA | 19,993 | 119,407 |
Press Metal Aluminium Holdings Bhd | 52,800 | 53,291 |
Shandong Nanshan Aluminum Co. Ltd., Class A | 14,700 | 6,117 |
United Co. RUSAL International PJSC (c)** | 55,670 | — |
Yunnan Aluminium Co. Ltd., Class A | 4,900 | 8,614 |
344,362 | ||
Apparel Retail - 0.1% | ||
Fast Retailing Co. Ltd. | 2,600 | 665,727 |
Foschini Group Ltd. | 3,538 | 17,634 |
H & M Hennes & Mauritz AB, Class B | 10,085 | 173,179 |
Industria de Diseno Textil SA | 16,554 | 641,976 |
Lojas Renner SA | 14,632 | 60,663 |
Mr Price Group Ltd. | 4,107 | 31,212 |
Pepkor Holdings Ltd. (d) | 31,319 | 27,348 |
Topsports International Holdings Ltd. (d) | 21,000 | 18,269 |
Trent Ltd. | 2,629 | 56,632 |
Zalando SE (a)(d) | 3,340 | 96,305 |
ZOZO, Inc. | 1,800 | 37,278 |
1,826,223 | ||
Apparel, Accessories & Luxury Goods - 0.7% | ||
adidas AG | 2,456 | 476,691 |
ANTA Sports Products Ltd. | 17,676 | 181,623 |
Bosideng International Holdings Ltd. | 34,000 | 14,361 |
Burberry Group PLC | 5,784 | 156,238 |
Number of Shares | Fair Value | |
Cie Financiere Richemont SA, Class A | 7,905 | $ 1,343,407 |
F&F Co. Ltd. | 299 | 27,254 |
FF Group (a)(c)** | 1,860 | — |
Gildan Activewear, Inc. | 2,800 | 90,374 |
Hermes International | 482 | 1,047,540 |
Kering SA | 1,137 | 627,735 |
Li Ning Co. Ltd. | 33,819 | 182,615 |
LPP SA (a) | 17 | 58,645 |
LVMH Moet Hennessy Louis Vuitton SE | 4,187 | 3,947,250 |
Moncler SpA | 3,093 | 213,959 |
Page Industries Ltd. | 96 | 44,143 |
Pandora AS | 1,353 | 120,909 |
Shenzhou International Group Holdings Ltd. | 12,000 | 115,245 |
Swatch Group AG | 1,327 | 175,138 |
Titan Co. Ltd. | 5,054 | 188,183 |
9,011,310 | ||
Application Software - 0.3% | ||
Beijing Kingsoft Office Software, Inc., Class A (a) | 441 | 28,692 |
Bit Digital, Inc. (a) | 2,520 | 10,231 |
Constellation Software, Inc. | 306 | 634,723 |
Dassault Systemes SE | 10,095 | 447,237 |
Descartes Systems Group, Inc. (a) | 1,300 | 104,255 |
Hundsun Technologies, Inc., Class A | 1,456 | 8,881 |
Iflytek Co. Ltd., Class A (a) | 1,500 | 14,031 |
Kingdee International Software Group Co. Ltd. (a) | 38,000 | 51,024 |
NavInfo Co. Ltd., Class A (a) | 4,600 | 7,340 |
Nemetschek SE | 844 | 62,999 |
Nice Ltd. (a) | 955 | 196,320 |
Open Text Corp. | 4,000 | 166,560 |
Sage Group PLC | 15,303 | 179,954 |
SAP SE | 15,826 | 2,161,553 |
Sapiens International Corp. NV | 1,152 | 30,643 |
Shanghai Baosight Software Co. Ltd., Class B | 11,520 | 30,454 |
Shanghai Baosight Software Co. Ltd., Class A | 1,872 | 13,102 |
Temenos AG | 1,001 | 79,741 |
Thunder Software Technology Co. Ltd., Class A | 500 | 6,642 |
WiseTech Global Ltd. | 2,546 | 136,460 |
Xero Ltd. (a) | 2,202 | 176,292 |
Yonyou Network Technology Co. Ltd., Class A | 2,600 | 7,335 |
4,554,469 | ||
Asset Management & Custody Banks - 0.2% | ||
3i Group PLC | 14,719 | 365,227 |
State Street Total Return V.I.S. Fund | 41 |
Number of Shares | Fair Value | |
abrdn PLC | 32,051 | $ 89,100 |
Amundi SA (d) | 956 | 56,469 |
Brookfield Asset Management Ltd., Class A | 5,325 | 174,006 |
Brookfield Corp. | 21,505 | 724,824 |
China Cinda Asset Management Co. Ltd., Class H | 91,556 | 9,151 |
EQT AB | 5,675 | 109,092 |
Hargreaves Lansdown PLC | 5,531 | 57,397 |
IGM Financial, Inc. | 1,177 | 35,872 |
Julius Baer Group Ltd. | 3,221 | 203,360 |
Onex Corp. | 1,000 | 55,296 |
Partners Group Holding AG | 343 | 323,539 |
Patria Investments Ltd., Class A A Shares | 1,896 | 27,113 |
Reinet Investments SCA | 2,142 | 47,276 |
Schroders PLC | 11,780 | 65,609 |
St. James's Place PLC | 8,109 | 112,263 |
2,455,594 | ||
Automobile Manufacturers - 0.7% | ||
Bayerische Motoren Werke AG | 5,025 | 617,997 |
BYD Co. Ltd., Class H | 14,000 | 448,871 |
BYD Co. Ltd., Class A | 1,800 | 64,100 |
Chongqing Changan Automobile Co. Ltd., Class A (a) | 5,014 | 8,952 |
Dongfeng Motor Group Co. Ltd., Class H | 30,000 | 13,750 |
Ferrari NV | 1,913 | 625,337 |
Ford Otomotiv Sanayi AS | 1,067 | 31,147 |
Geely Automobile Holdings Ltd. | 88,000 | 108,042 |
Great Wall Motor Co. Ltd., Class H | 46,533 | 53,589 |
Great Wall Motor Co. Ltd., Class A (a) | 800 | 2,775 |
Guangzhou Automobile Group Co. Ltd., Class H | 38,000 | 22,716 |
Guangzhou Automobile Group Co. Ltd., Class A | 10,400 | 14,923 |
Honda Motor Co. Ltd. | 23,300 | 704,675 |
Hyundai Motor Co. | 1,983 | 311,915 |
Isuzu Motors Ltd. | 9,300 | 112,633 |
Kia Corp. | 3,787 | 255,096 |
Li Auto, Inc., Class A (a) | 16,200 | 280,465 |
Mahindra & Mahindra Ltd. | 12,505 | 222,181 |
Maruti Suzuki India Ltd. | 1,739 | 207,982 |
Mazda Motor Corp. | 9,000 | 86,833 |
Mercedes-Benz Group AG | 12,954 | 1,042,493 |
NIO, Inc. ADR (a) | 19,823 | 192,085 |
Nissan Motor Co. Ltd. | 34,700 | 142,177 |
Renault SA | 2,857 | 120,525 |
Number of Shares | Fair Value | |
SAIC Motor Corp. Ltd., Class A | 5,000 | $ 9,755 |
Subaru Corp. | 9,200 | 172,983 |
Suzuki Motor Corp. | 5,500 | 199,114 |
Tata Motors Ltd. (a) | 23,723 | 172,901 |
Toyota Motor Corp. | 160,700 | 2,578,495 |
Volkswagen AG | 466 | 77,877 |
Volvo Car AB, Class B (a) | 9,055 | 35,974 |
XPeng, Inc., Class A (a) | 12,300 | 81,701 |
9,020,059 | ||
Automotive Parts & Equipment - 0.1% | ||
Aisin Corp. | 2,100 | 64,742 |
Bharat Forge Ltd. | 4,459 | 45,578 |
Changzhou Xingyu Automotive Lighting Systems Co. Ltd., Class A | 300 | 5,103 |
Continental AG | 1,639 | 123,804 |
Denso Corp. | 6,600 | 444,445 |
Fuyao Glass Industry Group Co. Ltd., Class H (d) | 6,156 | 25,533 |
Fuyao Glass Industry Group Co. Ltd., Class A | 900 | 4,441 |
Hanon Systems | 2,623 | 18,289 |
Huayu Automotive Systems Co. Ltd., Class A | 1,768 | 4,494 |
Huizhou Desay Sv Automotive Co. Ltd., Class A | 200 | 4,292 |
Hyundai Mobis Co. Ltd. | 872 | 154,385 |
Koito Manufacturing Co. Ltd. | 3,000 | 54,351 |
Magna International, Inc. | 4,135 | 233,710 |
Minth Group Ltd. | 14,000 | 38,491 |
Ningbo Tuopu Group Co. Ltd., Class A (a) | 800 | 8,890 |
Samvardhana Motherson International Ltd. | 21,442 | 22,471 |
Sona Blw Precision Forgings Ltd. (d) | 5,634 | 35,524 |
Sumitomo Electric Industries Ltd. | 10,666 | 130,465 |
Tube Investments of India Ltd. | 1,521 | 58,997 |
Valeo SA | 3,019 | 64,864 |
1,542,869 | ||
Automotive Retail - 0.0%* | ||
Abu Dhabi National Oil Co. for Distribution PJSC | 44,183 | 46,913 |
China Meidong Auto Holdings Ltd. | 6,000 | 6,952 |
Hotai Motor Co. Ltd. | 3,863 | 101,093 |
PTT Oil & Retail Business PCL NVDR | 30,408 | 18,198 |
USS Co. Ltd. | 3,500 | 57,849 |
Vibra Energia SA | 17,000 | 63,609 |
42 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Zhongsheng Group Holdings Ltd. | 10,000 | $ 38,386 |
333,000 | ||
Biotechnology - 0.1% | ||
3SBio, Inc. (d) | 15,000 | 15,093 |
Akeso, Inc. (a)(d) | 7,000 | 31,749 |
Argenx SE (a) | 837 | 326,366 |
Aurinia Pharmaceuticals, Inc. (a) | 4,691 | 45,409 |
BeiGene Ltd. (a) | 9,900 | 135,734 |
Beijing Wantai Biological Pharmacy Enterprise Co. Ltd., Class A | 112 | 1,030 |
BGI Genomics Co. Ltd., Class A | 800 | 6,604 |
Bloomage Biotechnology Corp. Ltd., Class A | 1,087 | 13,344 |
Celltrion, Inc. | 1,460 | 170,412 |
Chongqing Zhifei Biological Products Co. Ltd., Class A | 3,150 | 19,185 |
Fennec Pharmaceuticals, Inc. (a) | 632 | 5,581 |
Genmab AS (a) | 998 | 378,125 |
Grifols SA (a) | 4,601 | 59,015 |
Hualan Biological Engineering, Inc., Class A | 2,038 | 6,292 |
Imeik Technology Development Co. Ltd., Class A | 300 | 18,375 |
Innovent Biologics, Inc. (a)(d) | 15,500 | 58,870 |
PharmaEssentia Corp. (a) | 3,000 | 32,725 |
Prothena Corp. PLC (a) | 1,445 | 98,665 |
Shanghai RAAS Blood Products Co. Ltd., Class A | 5,500 | 5,683 |
Shenzhen Kangtai Biological Products Co. Ltd., Class A (a) | 800 | 2,798 |
SK Bioscience Co. Ltd. (a) | 266 | 16,136 |
Swedish Orphan Biovitrum AB (a) | 2,675 | 52,206 |
Walvax Biotechnology Co. Ltd., Class A | 1,400 | 5,093 |
Zai Lab Ltd. ADR (a) | 1,300 | 36,049 |
Zura Bio Ltd. (a) | 264 | 2,165 |
1,542,704 | ||
Brewers - 0.2% | ||
Ambev SA | 66,500 | 212,430 |
Anheuser-Busch InBev SA | 13,201 | 748,062 |
Asahi Group Holdings Ltd. | 7,400 | 286,642 |
Budweiser Brewing Co. APAC Ltd. (d) | 25,300 | 65,463 |
Carlsberg AS, Class B | 1,468 | 235,026 |
China Resources Beer Holdings Co. Ltd. | 24,000 | 158,585 |
Number of Shares | Fair Value | |
Chongqing Brewery Co. Ltd., Class A | 100 | $ 1,268 |
Cia Cervecerias Unidas SA | 1,321 | 10,647 |
Heineken Holding NV | 1,729 | 150,433 |
Heineken NV | 3,928 | 403,868 |
Kirin Holdings Co. Ltd. | 11,600 | 169,110 |
Tsingtao Brewery Co. Ltd., Class H | 8,924 | 81,470 |
Tsingtao Brewery Co. Ltd., Class A | 800 | 11,415 |
2,534,419 | ||
Broadcasting - 0.0%* | ||
Vivendi SE | 11,505 | 105,602 |
Broadline Retail - 0.5% | ||
Alibaba Group Holding Ltd. (a) | 231,300 | 2,407,609 |
Allegro.eu SA (a)(d) | 5,667 | 44,687 |
Canadian Tire Corp. Ltd., Class A | 800 | 109,500 |
Central Retail Corp. PCL NVDR | 21,416 | 23,620 |
Coupang, Inc. (a) | 11,600 | 201,840 |
Dollarama, Inc. | 4,400 | 298,332 |
Falabella SA | 8,186 | 19,645 |
GoTo Gojek Tokopedia Tbk PT (a) | 4,768,400 | 35,190 |
JD.com, Inc., Class A | 32,726 | 558,085 |
Magazine Luiza SA (a) | 37,124 | 25,934 |
MINISO Group Holding Ltd. ADR | 1,400 | 23,786 |
momo.com, Inc. | 1,000 | 22,161 |
Naspers Ltd., Class N | 2,700 | 485,978 |
Next PLC | 1,821 | 159,846 |
Ozon Holdings PLC ADR (a)(c)** | 1,300 | — |
Pan Pacific International Holdings Corp. | 6,100 | 109,068 |
PDD Holdings, Inc. ADR (a) | 7,257 | 501,749 |
Pepco Group NV (a) | 2,698 | 24,466 |
Prosus NV (a) | 12,184 | 892,121 |
Rakuten Group, Inc. | 22,900 | 79,663 |
Vipshop Holdings Ltd. ADR (a) | 4,734 | 78,111 |
Wesfarmers Ltd. | 17,220 | 567,305 |
Woolworths Holdings Ltd. | 14,667 | 55,395 |
6,724,091 | ||
Building Products - 0.2% | ||
AGC, Inc. | 3,100 | 111,340 |
Assa Abloy AB, Class B | 15,169 | 364,078 |
Beijing New Building Materials PLC, Class A | 1,600 | 5,393 |
China Lesso Group Holdings Ltd. | 16,494 | 10,869 |
Cie de Saint-Gobain | 7,423 | 451,877 |
Daikin Industries Ltd. | 4,000 | 818,260 |
State Street Total Return V.I.S. Fund | 43 |
Number of Shares | Fair Value | |
Geberit AG | 512 | $ 268,451 |
Guangdong Kinlong Hardware Products Co. Ltd., Class A | 200 | 1,781 |
Kingspan Group PLC | 2,308 | 153,601 |
Lixil Corp. | 4,200 | 53,369 |
Nibe Industrier AB, Class B | 22,867 | 217,107 |
ROCKWOOL AS, Class B | 128 | 33,095 |
TOTO Ltd. | 2,100 | 63,391 |
Xinyi Glass Holdings Ltd. | 23,000 | 35,954 |
2,588,566 | ||
Cable & Satellite - 0.0%* | ||
Cyfrowy Polsat SA | 3,840 | 15,611 |
Grupo Televisa SAB | 39,600 | 40,661 |
MultiChoice Group | 1,453 | 7,345 |
Quebecor, Inc., Class B | 2,200 | 54,283 |
117,900 | ||
Cargo Ground Transportation - 0.0%* | ||
TFI International, Inc. | 1,200 | 136,872 |
Casinos & Gaming - 0.1% | ||
Aristocrat Leisure Ltd. | 8,948 | 231,336 |
Entain PLC | 9,676 | 156,625 |
Evolution AB (d) | 2,767 | 350,127 |
Flutter Entertainment PLC (a) | 2,707 | 544,713 |
Galaxy Entertainment Group Ltd. (a) | 33,000 | 210,217 |
Genting Bhd | 24,200 | 21,090 |
Genting Malaysia Bhd | 54,700 | 28,876 |
Genting Singapore Ltd. | 89,000 | 62,014 |
Kangwon Land, Inc. | 1,128 | 14,938 |
La Francaise des Jeux SAEM (d) | 1,651 | 64,969 |
Lottery Corp. Ltd. | 35,581 | 121,889 |
OPAP SA | 2,920 | 50,911 |
Sands China Ltd. (a) | 36,400 | 124,650 |
Super Group SGHC Ltd. (a) | 4,755 | 13,790 |
1,996,145 | ||
Coal & Consumable Fuels - 0.1% | ||
Adaro Energy Indonesia Tbk PT | 172,900 | 25,732 |
Banpu PCL NVDR | 136,500 | 34,139 |
Cameco Corp. | 6,500 | 203,805 |
China Coal Energy Co. Ltd., Class H | 22,000 | 16,380 |
China Shenhua Energy Co. Ltd., Class H | 46,990 | 143,995 |
China Shenhua Energy Co. Ltd., Class A | 7,600 | 32,152 |
Coal India Ltd. | 21,682 | 61,167 |
Encore Energy Corp. (a) | 4,935 | 11,893 |
Exxaro Resources Ltd. | 3,907 | 33,974 |
Number of Shares | Fair Value | |
Inner Mongolia Yitai Coal Co. Ltd., Class B | 11,400 | $ 15,612 |
Shaanxi Coal Industry Co. Ltd., Class A | 6,500 | 16,269 |
Shanxi Coking Coal Energy Group Co. Ltd., Class A | 3,800 | 4,764 |
Shanxi Lu'an Environmental Energy Development Co. Ltd., Class A | 5,200 | 11,679 |
United Tractors Tbk PT | 26,700 | 41,409 |
Yankuang Energy Group Co. Ltd., Class H | 22,000 | 63,160 |
Yankuang Energy Group Co. Ltd., Class A | 2,300 | 9,468 |
725,598 | ||
Commercial Printing - 0.0%* | ||
Cimpress PLC (a) | 632 | 37,591 |
Dai Nippon Printing Co. Ltd. | 3,500 | 99,255 |
Toppan, Inc. | 3,900 | 84,145 |
220,991 | ||
Commodity Chemicals - 0.2% | ||
Advanced Petrochemical Co. | 1,510 | 17,907 |
Asahi Kasei Corp. | 18,700 | 126,409 |
Barito Pacific Tbk PT | 342,922 | 17,089 |
Berger Paints India Ltd. | 2,928 | 24,242 |
Canmax Technologies Co. Ltd., Class A | 520 | 2,568 |
Do-Fluoride New Materials Co. Ltd., Class A | 560 | 1,531 |
Formosa Chemicals & Fibre Corp. | 50,000 | 107,842 |
Formosa Plastics Corp. | 45,000 | 123,960 |
Guangzhou Tinci Materials Technology Co. Ltd., Class A | 1,860 | 10,569 |
Hanwha Solutions Corp. (a) | 1,597 | 51,500 |
Hengli Petrochemical Co. Ltd., Class A (a) | 4,300 | 8,489 |
Hengyi Petrochemical Co. Ltd., Class A | 4,700 | 4,384 |
Huafon Chemical Co. Ltd., Class A | 4,900 | 4,627 |
Hubei Xingfa Chemicals Group Co. Ltd., Class A | 600 | 1,837 |
Indorama Ventures PCL NVDR | 18,695 | 18,098 |
Inner Mongolia Yuan Xing Energy Co. Ltd., Class A | 2,700 | 2,671 |
Jiangsu Eastern Shenghong Co. Ltd., Class A | 3,800 | 6,186 |
Kumho Petrochemical Co. Ltd. | 189 | 19,111 |
LB Group Co. Ltd., Class A | 2,100 | 4,770 |
LG Chem Ltd. | 683 | 347,689 |
Lotte Chemical Corp. | 324 | 38,132 |
44 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Mesaieed Petrochemical Holding Co. | 65,734 | $ 34,659 |
Mitsui Chemicals, Inc. | 2,500 | 73,567 |
Nan Ya Plastics Corp. | 68,000 | 158,619 |
National Industrialization Co., Class C (a) | 3,399 | 13,605 |
Orbia Advance Corp. SAB de CV | 16,700 | 35,911 |
Orica Ltd. | 6,657 | 65,900 |
Orion SA | 2,126 | 45,114 |
Petronas Chemicals Group Bhd | 35,200 | 45,316 |
PTT Global Chemical PCL NVDR | 35,138 | 37,006 |
Rongsheng Petrochemical Co. Ltd., Class A | 13,350 | 21,406 |
Sahara International Petrochemical Co. | 5,604 | 55,966 |
Sasa Polyester Sanayi AS (a) | 14,830 | 32,396 |
Satellite Chemical Co. Ltd., Class A | 3,525 | 7,260 |
Saudi Basic Industries Corp. | 12,751 | 301,839 |
Saudi Industrial Investment Group | 6,465 | 46,092 |
Saudi Kayan Petrochemical Co. (a) | 11,878 | 43,948 |
Shenzhen Senior Technology Material Co. Ltd., Class A | 599 | 1,419 |
Sinoma Science & Technology Co. Ltd., Class A | 2,800 | 7,918 |
SKC Co. Ltd. | 278 | 20,737 |
Skshu Paint Co. Ltd., Class A (a) | 560 | 5,042 |
Tongkun Group Co. Ltd., Class A | 3,400 | 6,197 |
Toray Industries, Inc. | 20,700 | 115,219 |
Tosoh Corp. | 4,482 | 52,926 |
Yanbu National Petrochemical Co. | 4,126 | 52,465 |
Yunnan Energy New Material Co. Ltd., Class A (a) | 500 | 6,648 |
2,226,786 | ||
Communications Equipment - 0.1% | ||
Accton Technology Corp. | 7,000 | 78,737 |
BYD Electronic International Co. Ltd. | 12,020 | 36,562 |
Nokia Oyj | 81,857 | 342,906 |
Telefonaktiebolaget LM Ericsson, Class B | 44,008 | 238,755 |
Tianjin 712 Communication & Broadcasting Co. Ltd., Class A | 500 | 2,078 |
Yealink Network Technology Corp. Ltd., Class A | 1,540 | 7,432 |
Zhongji Innolight Co. Ltd., Class A | 1,300 | 26,398 |
ZTE Corp., Class H | 10,000 | 40,188 |
Number of Shares | Fair Value | |
ZTE Corp., Class A | 2,400 | $ 15,046 |
788,102 | ||
Construction & Engineering - 0.2% | ||
ACS Actividades de Construccion y Servicios SA | 3,088 | 108,566 |
Bouygues SA | 3,045 | 102,273 |
China Communications Services Corp. Ltd., Class H | 45,733 | 22,578 |
China Conch Venture Holdings Ltd. | 26,500 | 34,621 |
China Energy Engineering Corp. Ltd. Class A | 34,900 | 11,237 |
China National Chemical Engineering Co. Ltd., Class A | 10,700 | 12,197 |
China Railway Group Ltd., Class H | 59,000 | 39,036 |
China Railway Group Ltd., Class A | 24,800 | 25,891 |
China State Construction Engineering Corp. Ltd., Class A | 41,900 | 33,081 |
China State Construction International Holdings Ltd. | 32,000 | 36,574 |
Eiffage SA | 1,091 | 113,889 |
Ferrovial SE | 7,813 | 246,940 |
Gamuda Bhd | 34,800 | 32,842 |
Hyundai Engineering & Construction Co. Ltd. | 1,136 | 33,022 |
Kajima Corp. | 6,700 | 100,993 |
Larsen & Toubro Ltd. | 9,735 | 294,362 |
Metallurgical Corp. of China Ltd., Class A | 24,100 | 13,171 |
Obayashi Corp. | 9,600 | 82,886 |
Power Construction Corp. of China Ltd., Class A | 21,000 | 16,590 |
Samsung Engineering Co. Ltd. (a) | 2,291 | 49,406 |
Shimizu Corp. | 9,400 | 59,416 |
Sichuan Road & Bridge Group Co. Ltd., Class A | 9,800 | 13,222 |
Skanska AB, Class B | 5,382 | 75,401 |
Taisei Corp. | 2,700 | 94,177 |
Vinci SA | 8,042 | 934,272 |
WSP Global, Inc. | 1,900 | 251,304 |
2,837,947 | ||
Construction Machinery & Heavy Transportation Equipment - 0.2% | ||
Alstom SA | 4,771 | 142,392 |
China CSSC Holdings Ltd., Class A | 2,700 | 12,241 |
CRRC Corp. Ltd., Class H | 56,000 | 30,694 |
CRRC Corp. Ltd., Class A | 30,500 | 27,294 |
State Street Total Return V.I.S. Fund | 45 |
Number of Shares | Fair Value | |
Daimler Truck Holding AG | 7,576 | $ 273,005 |
Doosan Bobcat, Inc. | 635 | 28,385 |
Epiroc AB, Class A | 9,914 | 187,512 |
Epiroc AB, Class B | 5,790 | 93,575 |
HD Hyundai Heavy Industries Co. Ltd. (a) | 176 | 17,688 |
HD Korea Shipbuilding & Offshore Engineering Co. Ltd. (a) | 670 | 59,560 |
Hitachi Construction Machinery Co. Ltd. | 1,600 | 44,913 |
Hyundai Mipo Dockyard Co. Ltd. (a) | 389 | 24,916 |
Knorr-Bremse AG | 1,143 | 87,359 |
Komatsu Ltd. | 14,000 | 378,043 |
Metso Oyj | 10,591 | 127,775 |
Samsung Heavy Industries Co. Ltd. (a) | 9,948 | 50,616 |
Sany Heavy Equipment International Holdings Co. Ltd. | 22,000 | 28,891 |
Sany Heavy Industry Co. Ltd., Class A | 5,300 | 12,133 |
Seatrium Ltd. (a) | 592,889 | 54,952 |
Toyota Industries Corp. | 2,200 | 157,355 |
Volvo AB, Class B | 22,874 | 472,679 |
Volvo AB, Class A | 3,129 | 66,592 |
Weichai Power Co. Ltd., Class H | 31,401 | 46,196 |
Weichai Power Co. Ltd., Class A | 7,800 | 13,388 |
XCMG Construction Machinery Co. Ltd., Class A | 9,300 | 8,667 |
Zhuzhou CRRC Times Electric Co. Ltd. | 6,600 | 24,651 |
Zoomlion Heavy Industry Science & Technology Co. Ltd., Class A | 8,700 | 8,082 |
2,479,554 | ||
Construction Materials - 0.1% | ||
ACC Ltd. (a) | 1,209 | 26,789 |
Ambuja Cements Ltd. (a) | 8,780 | 45,711 |
Anhui Conch Cement Co. Ltd., Class H | 19,581 | 52,093 |
Anhui Conch Cement Co. Ltd., Class A | 2,769 | 9,049 |
Asia Cement Corp. | 35,000 | 49,968 |
Cemex SAB de CV (a) | 217,200 | 153,239 |
China Jushi Co. Ltd., Class A | 4,114 | 8,021 |
China National Building Material Co. Ltd., Class H | 59,243 | 36,606 |
China Resources Cement Holdings Ltd. | 26,000 | 10,754 |
CRH PLC | 11,335 | 625,207 |
Grasim Industries Ltd. | 3,793 | 80,351 |
Heidelberg Materials AG | 2,173 | 178,672 |
Number of Shares | Fair Value | |
POSCO Future M Co. Ltd. | 391 | $ 105,489 |
Semen Indonesia Persero Tbk PT | 43,992 | 17,916 |
Shree Cement Ltd. | 157 | 45,784 |
Siam Cement PCL NVDR | 11,165 | 101,514 |
Taiwan Cement Corp. | 87,595 | 107,210 |
UltraTech Cement Ltd. | 1,452 | 147,019 |
1,801,392 | ||
Consumer Electronics - 0.2% | ||
LG Electronics, Inc. | 1,526 | 147,699 |
Panasonic Holdings Corp. | 33,400 | 408,868 |
Sharp Corp. (a) | 4,300 | 24,072 |
Sony Group Corp. | 19,100 | 1,721,297 |
TCL Technology Group Corp., Class A (a) | 14,329 | 7,774 |
2,309,710 | ||
Consumer Finance - 0.0%* | ||
Bajaj Finance Ltd. | 3,922 | 343,512 |
Cholamandalam Investment & Finance Co. Ltd. | 5,973 | 83,333 |
Krungthai Card PCL NVDR | 9,465 | 13,242 |
Lufax Holding Ltd. ADR | 5,600 | 8,008 |
Muangthai Capital PCL NVDR | 7,500 | 8,337 |
Muthoot Finance Ltd. | 1,370 | 20,738 |
Qifu Technology, Inc. ADR | 1,100 | 19,008 |
SBI Cards & Payment Services Ltd. | 3,557 | 36,809 |
Shriram Finance Ltd. | 3,269 | 69,296 |
Srisawad Corp. PCL NVDR | 7,200 | 9,634 |
611,917 | ||
Consumer Staples Merchandise Retail - 0.1% | ||
Aeon Co. Ltd. | 9,875 | 201,870 |
Atacadao SA | 6,800 | 15,788 |
Berli Jucker PCL NVDR | 12,600 | 12,376 |
Carrefour SA | 8,916 | 168,933 |
Cencosud SA | 16,738 | 32,424 |
E-MART, Inc. | 218 | 12,764 |
Sendas Distribuidora SA | 18,100 | 51,591 |
Wal-Mart de Mexico SAB de CV | 74,286 | 293,324 |
789,070 | ||
Copper - 0.1% | ||
Antofagasta PLC | 6,302 | 117,319 |
First Quantum Minerals Ltd. | 8,900 | 210,789 |
Jiangxi Copper Co. Ltd., Class H | 14,782 | 22,848 |
Jiangxi Copper Co. Ltd., Class A | 300 | 786 |
KGHM Polska Miedz SA | 1,996 | 55,308 |
Lundin Mining Corp. | 10,300 | 80,797 |
46 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Southern Copper Corp. | 2,390 | $ 171,459 |
659,306 | ||
Data Processing & Outsourced Services - 0.0%* | ||
Computershare Ltd. | 8,694 | 135,577 |
Teleperformance | 886 | 148,603 |
284,180 | ||
Distillers & Vintners - 0.2% | ||
Anhui Gujing Distillery Co. Ltd., Class B (a) | 1,900 | 32,761 |
Anhui Gujing Distillery Co. Ltd., Class A (a) | 400 | 13,613 |
Davide Campari-Milano NV | 8,322 | 115,315 |
Diageo PLC | 34,153 | 1,469,832 |
Jiangsu King's Luck Brewery JSC Ltd., Class A | 1,400 | 10,178 |
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Class A | 1,700 | 30,732 |
JiuGui Liquor Co. Ltd., Class A | 400 | 4,970 |
Kweichow Moutai Co. Ltd., Class A | 1,100 | 256,035 |
Luzhou Laojiao Co. Ltd., Class A | 1,500 | 43,273 |
Pernod Ricard SA | 3,135 | 692,629 |
Remy Cointreau SA | 365 | 58,579 |
Shanghai Bairun Investment Holding Group Co. Ltd., Class A (a) | 980 | 4,907 |
Shanxi Xinghuacun Fen Wine Factory Co. Ltd., Class A | 740 | 18,849 |
Sichuan Swellfun Co. Ltd., Class A | 600 | 4,875 |
Treasury Wine Estates Ltd. | 10,716 | 80,301 |
United Spirits Ltd. (a) | 4,501 | 50,162 |
Wuliangye Yibin Co. Ltd., Class A | 3,500 | 78,897 |
2,965,908 | ||
Distributors - 0.0%* | ||
D'ieteren Group | 316 | 55,917 |
Diversified Banks - 3.1% | ||
ABN AMRO Bank NV GDR (d) | 6,434 | 99,987 |
Absa Group Ltd. | 12,013 | 106,823 |
Abu Dhabi Commercial Bank PJSC | 41,094 | 90,734 |
Abu Dhabi Islamic Bank PJSC | 20,879 | 60,482 |
Agricultural Bank of China Ltd., Class H | 408,717 | 160,952 |
Agricultural Bank of China Ltd., Class A | 91,347 | 44,352 |
AIB Group PLC | 20,509 | 86,298 |
Akbank TAS | 46,147 | 35,789 |
Number of Shares | Fair Value | |
Al Rajhi Bank | 27,918 | $ 546,416 |
Alinma Bank | 13,907 | 124,995 |
Alpha Services & Holdings SA (a) | 26,430 | 43,283 |
AMMB Holdings Bhd | 37,400 | 29,057 |
ANZ Group Holdings Ltd. | 45,404 | 718,196 |
Arab National Bank | 8,416 | 59,345 |
Axis Bank Ltd. | 32,630 | 393,725 |
Banco Bilbao Vizcaya Argentaria SA | 91,548 | 703,207 |
Banco Bradesco SA | 15,267 | 46,333 |
Banco de Chile | 667,199 | 69,610 |
Banco de Credito e Inversiones SA | 1,102 | 33,656 |
Banco del Bajio SA (d) | 11,200 | 33,971 |
Banco do Brasil SA | 12,200 | 124,934 |
Banco Santander Brasil SA | 5,900 | 37,462 |
Banco Santander Chile | 774,790 | 36,646 |
Banco Santander SA | 248,931 | 921,408 |
Bancolombia SA | 3,348 | 24,855 |
Bank AlBilad | 6,919 | 71,776 |
Bank Al-Jazira | 6,739 | 32,995 |
Bank Central Asia Tbk PT | 757,400 | 464,512 |
Bank Hapoalim BM | 19,058 | 156,975 |
Bank Leumi Le-Israel BM | 23,195 | 173,606 |
Bank Mandiri Persero Tbk PT | 537,900 | 187,193 |
Bank Negara Indonesia Persero Tbk PT | 110,900 | 68,043 |
Bank of Baroda | 14,547 | 33,877 |
Bank of Beijing Co. Ltd., Class A | 31,600 | 20,129 |
Bank of China Ltd., Class H | 1,132,868 | 454,803 |
Bank of China Ltd., Class A | 42,794 | 23,006 |
Bank of Communications Co. Ltd., Class H | 115,127 | 76,380 |
Bank of Communications Co. Ltd., Class A | 44,600 | 35,595 |
Bank of Ireland Group PLC | 15,978 | 152,521 |
Bank of Montreal | 10,704 | 967,789 |
Bank of Nova Scotia | 18,000 | 901,598 |
Bank of NT Butterfield & Son Ltd. | 1,753 | 47,962 |
Bank of Shanghai Co. Ltd., Class A | 6,100 | 4,825 |
Bank of the Philippine Islands | 27,402 | 54,108 |
Bank Polska Kasa Opieki SA | 2,641 | 72,091 |
Bank Rakyat Indonesia Persero Tbk PT | 928,409 | 338,954 |
Banque Saudi Fransi | 8,332 | 93,077 |
Barclays PLC | 234,617 | 458,833 |
BDO Unibank, Inc. | 33,732 | 84,468 |
BNP Paribas SA | 16,895 | 1,065,980 |
BOC Hong Kong Holdings Ltd. | 55,500 | 170,002 |
Boubyan Bank KSCP | 21,343 | 44,614 |
CaixaBank SA | 61,943 | 256,540 |
State Street Total Return V.I.S. Fund | 47 |
Number of Shares | Fair Value | |
Canadian Imperial Bank of Commerce | 13,748 | $ 587,634 |
Capitec Bank Holdings Ltd. | 1,233 | 102,330 |
Chang Hwa Commercial Bank Ltd. | 80,317 | 48,146 |
China CITIC Bank Corp. Ltd., Class H | 134,881 | 63,410 |
China Common Rich Renewable Energy Investments Ltd. (a)(c)** | 64,000 | — |
China Construction Bank Corp., Class H (a) | 1,325,000 | 857,770 |
China Construction Bank Corp., Class A | 7,400 | 6,372 |
China Everbright Bank Co. Ltd., Class H | 46,883 | 13,483 |
China Everbright Bank Co. Ltd., Class A (a) | 30,820 | 13,013 |
China Merchants Bank Co. Ltd., Class H | 54,500 | 248,560 |
China Merchants Bank Co. Ltd., Class A | 19,600 | 88,478 |
China Minsheng Banking Corp. Ltd., Class H | 65,200 | 24,137 |
China Minsheng Banking Corp. Ltd., Class A | 46,100 | 23,783 |
China Zheshang Bank Co. Ltd., Class A | 23,140 | 8,406 |
CIMB Group Holdings Bhd | 99,294 | 107,780 |
Commercial Bank PSQC | 46,106 | 74,011 |
Commercial International Bank Egypt SAE | 24,801 | 41,133 |
Commerzbank AG | 15,981 | 177,130 |
Commonwealth Bank of Australia | 25,581 | 1,711,279 |
Credicorp Ltd. | 1,000 | 147,640 |
Credit Agricole SA | 18,335 | 217,667 |
CTBC Financial Holding Co. Ltd. | 248,000 | 198,318 |
Danske Bank AS (a) | 10,383 | 252,842 |
DBS Group Holdings Ltd. | 27,510 | 641,984 |
DNB Bank ASA | 14,030 | 262,862 |
Dubai Islamic Bank PJSC | 41,465 | 61,982 |
E.Sun Financial Holding Co. Ltd. | 191,398 | 160,359 |
Emirates NBD Bank PJSC | 26,865 | 109,359 |
Erste Group Bank AG | 5,167 | 181,214 |
Eurobank Ergasias Services & Holdings SA, Class A (a) | 37,601 | 61,940 |
FinecoBank Banca Fineco SpA | 9,070 | 122,065 |
First Abu Dhabi Bank PJSC | 62,902 | 234,432 |
First Financial Holding Co. Ltd. | 150,603 | 133,945 |
Grupo Financiero Banorte SAB de CV, Class O | 37,200 | 306,289 |
Grupo Financiero Inbursa SAB de CV, Class O (a) | 30,000 | 71,123 |
Number of Shares | Fair Value | |
Gulf Bank KSCP | 26,188 | $ 22,662 |
Haci Omer Sabanci Holding AS | 10,484 | 18,515 |
Hana Financial Group, Inc. | 4,225 | 126,127 |
Hang Seng Bank Ltd. | 11,500 | 163,927 |
Hong Leong Bank Bhd | 9,900 | 40,269 |
HSBC Holdings PLC | 302,836 | 2,400,357 |
Hua Nan Financial Holdings Co. Ltd., Class C | 123,089 | 87,881 |
Huaxia Bank Co. Ltd., Class A | 22,200 | 16,527 |
ICICI Bank Ltd. | 70,980 | 812,649 |
Industrial & Commercial Bank of China Ltd., Class H | 800,505 | 427,766 |
Industrial & Commercial Bank of China Ltd., Class A | 67,200 | 44,561 |
Industrial Bank Co. Ltd., Class A | 21,300 | 45,924 |
Industrial Bank of Korea | 2,926 | 23,017 |
ING Groep NV Series N | 54,725 | 737,645 |
Intesa Sanpaolo SpA | 245,077 | 642,413 |
Israel Discount Bank Ltd., Class A | 18,323 | 91,429 |
Japan Post Bank Co. Ltd. | 22,200 | 172,833 |
KakaoBank Corp. | 2,060 | 37,450 |
Kasikornbank PCL | 9,700 | 35,429 |
KB Financial Group, Inc. | 5,551 | 201,472 |
KBC Group NV | 3,775 | 263,450 |
Komercni Banka AS | 1,230 | 37,517 |
Kotak Mahindra Bank Ltd. | 14,794 | 333,656 |
Krung Thai Bank PCL NVDR | 63,077 | 34,569 |
Kuwait Finance House KSCP | 116,592 | 284,228 |
Lloyds Banking Group PLC | 1,000,912 | 555,444 |
Malayan Banking Bhd | 69,189 | 128,001 |
Masraf Al Rayan QSC | 80,754 | 57,209 |
mBank SA (a) | 151 | 15,106 |
Mediobanca Banca di Credito Finanziario SpA | 8,150 | 97,558 |
Mega Financial Holding Co. Ltd. | 158,057 | 193,981 |
Metropolitan Bank & Trust Co. | 32,670 | 33,053 |
Mitsubishi UFJ Financial Group, Inc. | 172,900 | 1,272,342 |
Mizrahi Tefahot Bank Ltd. | 2,272 | 75,884 |
Mizuho Financial Group, Inc. | 36,600 | 558,519 |
Moneta Money Bank AS (d) | 3,392 | 12,430 |
National Australia Bank Ltd. | 47,916 | 842,107 |
National Bank of Canada | 5,100 | 380,404 |
National Bank of Greece SA (a) | 7,939 | 51,597 |
National Bank of Kuwait SAKP | 107,764 | 328,652 |
NatWest Group PLC | 87,982 | 269,202 |
Nedbank Group Ltd. | 6,536 | 79,084 |
Nordea Bank Abp | 48,983 | 532,768 |
48 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
NU Holdings Ltd., Class A A Shares (a) | 25,600 | $ 201,984 |
OTP Bank Nyrt | 3,211 | 113,986 |
Oversea-Chinese Banking Corp. Ltd. | 51,330 | 466,621 |
Ping An Bank Co. Ltd., Class A | 20,300 | 31,419 |
Postal Savings Bank of China Co. Ltd., Class H (d) | 107,675 | 66,393 |
Postal Savings Bank of China Co. Ltd., Class A | 34,100 | 22,953 |
Powszechna Kasa Oszczednosci Bank Polski SA | 12,600 | 112,224 |
Public Bank Bhd | 209,800 | 173,220 |
Qatar International Islamic Bank QSC | 14,029 | 38,822 |
Qatar Islamic Bank SAQ | 23,573 | 115,352 |
Qatar National Bank QPSC | 65,753 | 279,675 |
RHB Bank Bhd | 27,214 | 31,692 |
Riyad Bank | 19,154 | 172,953 |
Royal Bank of Canada | 21,012 | 2,009,022 |
Santander Bank Polska SA (a) | 547 | 52,418 |
Saudi Awwal Bank | 13,082 | 133,198 |
Saudi Investment Bank | 7,687 | 35,077 |
Saudi National Bank | 39,758 | 392,122 |
Sberbank of Russia PJSC (c)** | 192,160 | — |
SCB X PCL NVDR | 13,396 | 40,334 |
Shanghai Commercial & Savings Bank Ltd. | 54,565 | 79,613 |
Shanghai Pudong Development Bank Co. Ltd., Class A | 33,600 | 33,480 |
Shanghai Rural Commercial Bank Co. Ltd., Class A | 18,800 | 14,097 |
Shinhan Financial Group Co. Ltd. | 5,185 | 134,044 |
SinoPac Financial Holdings Co. Ltd. | 152,864 | 85,302 |
Skandinaviska Enskilda Banken AB, Class A | 24,398 | 269,450 |
Societe Generale SA | 11,160 | 290,177 |
Standard Bank Group Ltd. | 18,971 | 178,451 |
Standard Chartered PLC | 37,163 | 323,665 |
State Bank of India | 25,213 | 176,590 |
Sumitomo Mitsui Financial Group, Inc. | 19,800 | 847,207 |
Sumitomo Mitsui Trust Holdings, Inc. | 5,000 | 177,083 |
Svenska Handelsbanken AB, Class A | 21,927 | 183,307 |
Swedbank AB, Class A | 12,726 | 214,448 |
Taishin Financial Holding Co. Ltd. | 149,244 | 90,848 |
Taiwan Business Bank | 89,000 | 40,794 |
Taiwan Cooperative Financial Holding Co. Ltd. | 137,207 | 123,805 |
Number of Shares | Fair Value | |
TCS Group Holding PLC GDR (a)(c)** | 2,171 | $ — |
Toronto-Dominion Bank | 27,588 | 1,711,884 |
Turkiye Is Bankasi AS, Class C | 41,723 | 22,426 |
UniCredit SpA | 28,288 | 657,676 |
United Overseas Bank Ltd. | 19,400 | 402,292 |
VTB Bank PJSC (a)(c)** | 70,264,000 | — |
Westpac Banking Corp. | 53,192 | 756,812 |
Woori Financial Group, Inc. | 7,768 | 69,779 |
Yapi ve Kredi Bankasi AS | 44,416 | 22,147 |
Yes Bank Ltd. (a) | 116,408 | 23,099 |
42,509,199 | ||
Diversified Capital Markets - 0.2% | ||
Banco BTG Pactual SA | 16,708 | 108,927 |
Deutsche Bank AG | 29,165 | 306,549 |
Macquarie Group Ltd. | 5,575 | 662,859 |
Mirae Asset Securities Co. Ltd. | 3,109 | 17,148 |
UBS Group AG | 49,906 | 1,011,980 |
2,107,463 | ||
Diversified Chemicals - 0.1% | ||
BASF SE | 13,512 | 656,336 |
Mitsubishi Chemical Group Corp. | 20,500 | 123,095 |
Ningxia Baofeng Energy Group Co. Ltd., Class A | 11,000 | 19,118 |
Nissan Chemical Corp. | 1,900 | 81,791 |
Pidilite Industries Ltd. | 2,240 | 71,048 |
Sasol Ltd. | 8,156 | 100,672 |
Solvay SA | 1,107 | 123,762 |
SRF Ltd. | 2,188 | 61,210 |
Sumitomo Chemical Co. Ltd. | 21,900 | 66,453 |
1,303,485 | ||
Diversified Financial Services - 0.1% | ||
Bajaj Finserv Ltd. | 5,443 | 101,665 |
FirstRand Ltd. | 71,666 | 260,168 |
Housing Development Finance Corp. Ltd. | 24,758 | 854,157 |
M&G PLC | 35,302 | 86,005 |
Meritz Financial Group, Inc. (a) | 1,512 | 47,939 |
ORIX Corp. | 18,100 | 329,527 |
Yuanta Financial Holding Co. Ltd. | 142,240 | 105,786 |
1,785,247 | ||
Diversified Metals & Mining - 0.5% | ||
African Rainbow Minerals Ltd. | 1,352 | 14,211 |
Anglo American PLC | 19,286 | 549,724 |
BHP Group Ltd. | 76,784 | 2,306,544 |
Boliden AB | 4,072 | 117,825 |
State Street Total Return V.I.S. Fund | 49 |
Number of Shares | Fair Value | |
China Northern Rare Earth Group High-Tech Co. Ltd., Class A | 2,000 | $ 6,608 |
China Rare Earth Resources & Technology Co. Ltd., Class A | 500 | 2,038 |
CMOC Group Ltd., Class H | 57,000 | 30,008 |
CMOC Group Ltd., Class A | 11,000 | 8,082 |
GEM Co. Ltd., Class A (a) | 7,800 | 7,429 |
Glencore PLC | 161,493 | 916,620 |
Grupo Mexico SAB de CV Series B | 44,342 | 213,068 |
Henan Shenhuo Coal & Power Co. Ltd., Class A | 4,000 | 7,160 |
IGO Ltd. | 10,806 | 110,212 |
Ivanhoe Mines Ltd., Class A (a) | 9,600 | 87,784 |
Korea Zinc Co. Ltd. | 131 | 48,658 |
Merdeka Copper Gold Tbk PT (a) | 198,993 | 40,736 |
Mineral Resources Ltd. | 2,548 | 121,939 |
MMC Norilsk Nickel PJSC ADR (a)(c)** | 8,131 | — |
MMC Norilsk Nickel PJSC (a)(c)** | 305 | — |
Pilbara Minerals Ltd. | 40,519 | 133,072 |
PolyMet Mining Corp. (a) | 2,979 | 2,353 |
Rio Tinto Ltd. | 5,623 | 430,284 |
Rio Tinto PLC | 17,042 | 1,084,165 |
Saudi Arabian Mining Co. (a) | 18,423 | 208,129 |
Shenghe Resources Holding Co. Ltd., Class A (a) | 3,500 | 6,207 |
Sinomine Resource Group Co. Ltd., Class A | 1,120 | 7,873 |
South32 Ltd. | 68,975 | 173,521 |
Sumitomo Metal Mining Co. Ltd. | 3,700 | 119,246 |
Teck Resources Ltd., Class B | 6,900 | 290,653 |
Tibet Summit Resources Co. Ltd., Class A (a) | 500 | 1,259 |
Vale Indonesia Tbk PT | 23,800 | 10,044 |
Vedanta Ltd. | 11,044 | 37,616 |
Western Mining Co. Ltd., Class A | 1,400 | 2,028 |
Youngy Co. Ltd., Class A | 200 | 1,842 |
Yunnan Tin Co. Ltd., Class A | 1,000 | 2,145 |
Zhejiang Huayou Cobalt Co. Ltd., Class A | 1,530 | 9,682 |
7,108,765 | ||
Diversified Real Estate Activities - 0.1% | ||
Aldar Properties PJSC | 55,124 | 77,094 |
Ayala Land, Inc. | 105,500 | 46,671 |
Barwa Real Estate Co. | 31,838 | 22,888 |
City Developments Ltd. | 7,700 | 38,380 |
Daito Trust Construction Co. Ltd. | 1,000 | 101,137 |
Number of Shares | Fair Value | |
Daiwa House Industry Co. Ltd. | 9,000 | $ 237,403 |
DLF Ltd. | 8,691 | 52,101 |
ESR Group Ltd. (d) | 34,000 | 58,552 |
Lendlease Corp. Ltd. | 11,752 | 60,929 |
Mitsubishi Estate Co. Ltd. | 16,900 | 200,444 |
Mitsui Fudosan Co. Ltd. | 13,700 | 272,607 |
New World Development Co. Ltd. | 22,000 | 54,370 |
Nomura Real Estate Holdings, Inc. | 1,696 | 40,255 |
Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., Class B | 10,400 | 6,470 |
Sumitomo Realty & Development Co. Ltd. | 4,200 | 103,907 |
Sun Hung Kai Properties Ltd. | 22,000 | 277,940 |
Swire Pacific Ltd., Class A | 7,500 | 57,616 |
UOL Group Ltd. | 7,700 | 36,675 |
1,745,439 | ||
Diversified REITs - 0.0%* | ||
British Land Co. PLC | 12,774 | 49,313 |
Daiwa House REIT Investment Corp. | 32 | 61,253 |
Fibra Uno Administracion SA de CV | 42,900 | 62,535 |
GPT Group | 28,310 | 78,277 |
Growthpoint Properties Ltd. | 56,785 | 35,049 |
Land Securities Group PLC | 11,164 | 81,716 |
Mirvac Group | 58,479 | 88,243 |
Nomura Real Estate Master Fund, Inc. | 62 | 71,391 |
Stockland | 35,518 | 95,411 |
Yuexiu Real Estate Investment Trust | 1,920 | 410 |
623,598 | ||
Diversified Support Services - 0.0%* | ||
Brambles Ltd. | 20,892 | 200,738 |
Indian Railway Catering & Tourism Corp. Ltd. | 2,733 | 21,210 |
RB Global, Inc. | 4,435 | 266,314 |
488,262 | ||
Drug Retail - 0.0%* | ||
Alibaba Health Information Technology Ltd. (a) | 68,000 | 41,147 |
Clicks Group Ltd. | 3,565 | 49,308 |
JD Health International, Inc. (a)(d) | 16,000 | 101,622 |
MatsukiyoCocokara & Co. | 1,800 | 100,940 |
Nahdi Medical Co. | 553 | 25,177 |
Ping An Healthcare & Technology Co. Ltd. (a)(d) | 9,500 | 23,024 |
Raia Drogasil SA | 16,224 | 99,550 |
50 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Welcia Holdings Co. Ltd. | 1,344 | $ 27,948 |
468,716 | ||
Education Services - 0.0%* | ||
East Buy Holding Ltd. (a)(d) | 4,000 | 13,070 |
IDP Education Ltd. | 3,579 | 52,961 |
New Oriental Education & Technology Group, Inc. (a) | 22,000 | 86,712 |
Pearson PLC | 10,296 | 108,056 |
TAL Education Group ADR (a) | 7,100 | 42,316 |
303,115 | ||
Electric Utilities - 0.4% | ||
Acciona SA | 362 | 61,453 |
BKW AG | 359 | 63,500 |
Centrais Eletricas Brasileiras SA | 16,027 | 132,063 |
CEZ AS | 2,270 | 93,815 |
Chubu Electric Power Co., Inc. | 9,600 | 116,921 |
CK Infrastructure Holdings Ltd. | 10,500 | 55,689 |
CLP Holdings Ltd. | 24,500 | 190,806 |
CPFL Energia SA | 2,500 | 17,822 |
EDP - Energias de Portugal SA | 44,154 | 215,770 |
Elia Group SA | 485 | 61,610 |
Emera, Inc. | 4,000 | 164,927 |
Endesa SA | 4,724 | 101,489 |
Enel Americas SA (a) | 212,573 | 28,353 |
Enel Chile SA | 508,946 | 33,056 |
Enel SpA | 123,606 | 833,251 |
Energisa SA | 3,800 | 39,544 |
Equatorial Energia SA | 14,643 | 97,590 |
Equatorial Energia SA (a) | 143 | 948 |
Fortis, Inc. | 7,329 | 316,201 |
Fortum Oyj | 7,162 | 95,828 |
Hydro One Ltd. (d) | 4,898 | 140,101 |
Iberdrola SA | 88,127 | 1,150,622 |
Inter RAO UES PJSC (c)** | 467,243 | — |
Interconexion Electrica SA ESP | 4,165 | 16,846 |
Kansai Electric Power Co., Inc. | 11,200 | 140,286 |
Korea Electric Power Corp. (a) | 3,589 | 56,170 |
Manila Electric Co. | 4,930 | 29,953 |
Mercury NZ Ltd. | 9,907 | 39,530 |
Origin Energy Ltd. | 25,794 | 144,868 |
Orsted AS (d) | 2,855 | 270,607 |
PGE Polska Grupa Energetyczna SA (a) | 10,086 | 18,022 |
Power Assets Holdings Ltd. | 22,000 | 115,480 |
Power Grid Corp. of India Ltd. | 44,368 | 138,315 |
Public Power Corp. SA (a) | 3,866 | 44,083 |
Redeia Corp. SA | 6,041 | 101,573 |
Number of Shares | Fair Value | |
Saudi Electricity Co. | 11,034 | $ 66,763 |
SSE PLC | 16,365 | 384,169 |
Tata Power Co. Ltd. | 20,323 | 55,104 |
Tenaga Nasional Bhd | 35,400 | 68,679 |
Terna - Rete Elettrica Nazionale | 21,146 | 180,325 |
Tokyo Electric Power Co. Holdings, Inc. (a) | 24,200 | 88,614 |
Verbund AG | 1,082 | 86,788 |
6,057,534 | ||
Electrical Components & Equipment - 0.2% | ||
ABB Ltd. | 23,889 | 940,233 |
CG Power & Industrial Solutions Ltd. | 9,101 | 42,080 |
Contemporary Amperex Technology Co. Ltd., Class A | 4,000 | 126,198 |
Ecopro BM Co. Ltd. | 705 | 134,111 |
Eve Energy Co. Ltd., Class A | 2,500 | 20,859 |
Fuji Electric Co. Ltd. | 1,900 | 83,509 |
Ginlong Technologies Co. Ltd., Class A (a) | 300 | 4,307 |
Gotion High-tech Co. Ltd., Class A (a) | 1,800 | 6,853 |
Havells India Ltd. | 3,826 | 59,944 |
Jiangsu Zhongtian Technology Co. Ltd., Class A | 4,400 | 9,636 |
Legrand SA | 4,039 | 400,611 |
LG Energy Solution Ltd. (a) | 504 | 212,482 |
Nidec Corp. | 6,400 | 352,089 |
Prysmian SpA | 3,797 | 158,776 |
Sungrow Power Supply Co. Ltd., Class A | 1,900 | 30,560 |
Sunwoda Electronic Co. Ltd., Class A | 800 | 1,801 |
Suzhou Maxwell Technologies Co. Ltd., Class A | 256 | 5,968 |
TBEA Co. Ltd., Class A (a) | 4,200 | 12,896 |
Voltronic Power Technology Corp. | 1,000 | 63,242 |
Walsin Lihwa Corp. | 39,000 | 51,541 |
WEG SA | 24,146 | 188,953 |
Zhejiang Chint Electrics Co. Ltd., Class A | 1,800 | 6,854 |
2,913,503 | ||
Electronic Components - 0.2% | ||
AUO Corp. | 98,200 | 58,933 |
Avary Holding Shenzhen Co. Ltd., Class A | 2,600 | 8,693 |
BOE Technology Group Co. Ltd., Class A | 22,800 | 12,846 |
Chaozhou Three-Circle Group Co. Ltd., Class A (a) | 2,200 | 8,890 |
State Street Total Return V.I.S. Fund | 51 |
Number of Shares | Fair Value | |
China Zhenhua Group Science & Technology Co. Ltd., Class A | 200 | $ 2,640 |
Delta Electronics Thailand PCL NVDR | 44,500 | 115,842 |
Delta Electronics, Inc. | 28,000 | 310,305 |
E Ink Holdings, Inc. | 13,000 | 94,566 |
Guangzhou Shiyuan Electronic Technology Co. Ltd., Class A | 800 | 7,361 |
Hamamatsu Photonics KK | 2,100 | 102,925 |
Hirose Electric Co. Ltd. | 474 | 63,001 |
Ibiden Co. Ltd. | 1,700 | 96,565 |
Innolux Corp. | 131,930 | 64,936 |
Kingboard Holdings Ltd. | 8,000 | 21,880 |
Kingboard Laminates Holdings Ltd. | 13,549 | 12,773 |
Kyocera Corp. | 4,800 | 260,505 |
L&F Co. Ltd. | 339 | 63,093 |
Largan Precision Co. Ltd. | 1,000 | 68,598 |
Lens Technology Co. Ltd., Class A | 4,960 | 8,035 |
LG Display Co. Ltd. (a) | 3,737 | 44,914 |
LG Innotek Co. Ltd. | 236 | 55,906 |
Lingyi iTech Guangdong Co., Class A (a) | 8,000 | 7,609 |
Lotte Energy Materials Corp. | 276 | 10,175 |
Luxshare Precision Industry Co. Ltd., Class A | 4,700 | 21,064 |
Maxscend Microelectronics Co. Ltd., Class A | 128 | 1,705 |
Murata Manufacturing Co. Ltd. | 8,700 | 498,906 |
Nan Ya Printed Circuit Board Corp. | 4,000 | 34,128 |
Omron Corp. | 2,597 | 159,196 |
Samsung Electro-Mechanics Co. Ltd. | 829 | 91,525 |
Samsung SDI Co. Ltd. | 755 | 385,529 |
Shengyi Technology Co. Ltd., Class A | 1,400 | 2,736 |
Shennan Circuits Co. Ltd., Class A | 800 | 8,303 |
Sunny Optical Technology Group Co. Ltd. | 10,400 | 104,269 |
TDK Corp. | 5,900 | 229,746 |
Unimicron Technology Corp. | 18,000 | 102,360 |
Yageo Corp. | 4,979 | 78,879 |
Zhen Ding Technology Holding Ltd. | 11,665 | 39,446 |
3,258,783 | ||
Electronic Equipment & Instruments - 0.2% | ||
Azbil Corp. | 1,900 | 60,035 |
CETC Cyberspace Security Technology Co. Ltd., Class A | 400 | 1,536 |
Number of Shares | Fair Value | |
Halma PLC | 5,699 | $ 165,135 |
Hexagon AB, Class B | 31,854 | 391,236 |
Keyence Corp. | 2,900 | 1,375,665 |
Shimadzu Corp. | 3,800 | 117,258 |
Wuhan Guide Infrared Co. Ltd., Class A | 4,550 | 4,868 |
Yokogawa Electric Corp. | 3,300 | 60,985 |
Zhejiang Dahua Technology Co. Ltd., Class A | 2,800 | 7,622 |
Zhejiang Supcon Technology Co. Ltd., Class A | 1,570 | 13,595 |
2,197,935 | ||
Electronic Manufacturing Services - 0.1% | ||
AAC Technologies Holdings, Inc. | 8,500 | 20,088 |
Fabrinet (a) | 1,276 | 165,727 |
Foxconn Industrial Internet Co. Ltd., Class A | 8,600 | 29,787 |
GoerTek, Inc., Class A | 2,448 | 5,990 |
Hon Hai Precision Industry Co. Ltd. | 173,000 | 628,983 |
Venture Corp. Ltd. | 4,700 | 51,278 |
Wingtech Technology Co. Ltd., Class A | 1,200 | 8,094 |
909,947 | ||
Environmental & Facilities Services - 0.0%* | ||
China Everbright Environment Group Ltd. | 48,000 | 18,971 |
GFL Environmental, Inc. | 3,600 | 139,946 |
Li-Cycle Holdings Corp. (a) | 4,470 | 24,809 |
Rentokil Initial PLC | 38,084 | 298,084 |
481,810 | ||
Fertilizers & Agricultural Chemicals - 0.1% | ||
Hektas Ticaret TAS (a) | 16,643 | 19,208 |
ICL Group Ltd. | 11,141 | 61,077 |
Nutrien Ltd. | 7,500 | 443,284 |
OCI NV (a) | 1,795 | 43,106 |
PhosAgro PJSC (a)(c)** | 13 | — |
PhosAgro PJSC GDR (a)(c)** | 1,956 | — |
PI Industries Ltd. | 1,179 | 56,448 |
Qinghai Salt Lake Industry Co. Ltd., Class A (a) | 3,300 | 8,711 |
SABIC Agri-Nutrients Co. | 3,080 | 106,980 |
Shandong Hualu Hengsheng Chemical Co. Ltd., Class A | 2,470 | 10,413 |
UPL Ltd. | 7,182 | 60,315 |
Yara International ASA | 2,642 | 93,522 |
903,064 | ||
Financial Exchanges & Data - 0.2% | ||
ASX Ltd. | 2,894 | 121,697 |
B3 SA - Brasil Bolsa Balcao | 77,700 | 235,323 |
52 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Deutsche Boerse AG | 2,883 | $ 532,146 |
East Money Information Co. Ltd., Class A | 16,188 | 31,710 |
Euronext NV (d) | 1,365 | 92,823 |
Hithink RoyalFlush Information Network Co. Ltd., Class A | 500 | 12,077 |
Hong Kong Exchanges & Clearing Ltd. | 18,300 | 693,316 |
Japan Exchange Group, Inc. | 7,500 | 131,021 |
London Stock Exchange Group PLC | 6,121 | 652,172 |
Moscow Exchange MICEX-Rates PJSC (a)(c)** | 17,461 | — |
Saudi Tadawul Group Holding Co. | 719 | 36,194 |
Singapore Exchange Ltd. | 12,736 | 90,632 |
TMX Group Ltd. | 4,000 | 90,111 |
2,719,222 | ||
Food Distributors - 0.0%* | ||
Bid Corp. Ltd. | 4,807 | 105,164 |
Food Retail - 0.3% | ||
Alimentation Couche-Tard, Inc. | 11,900 | 610,895 |
Avenue Supermarts Ltd. (a)(d) | 2,316 | 110,060 |
BGF retail Co. Ltd. | 77 | 10,228 |
BIM Birlesik Magazalar AS | 6,946 | 45,417 |
Coles Group Ltd. | 20,188 | 247,700 |
CP ALL PCL NVDR | 84,115 | 148,485 |
Dino Polska SA (a)(d) | 716 | 83,715 |
Empire Co. Ltd., Class A | 2,300 | 65,406 |
Endeavour Group Ltd. | 21,228 | 89,275 |
George Weston Ltd. | 969 | 114,691 |
HelloFresh SE (a) | 2,765 | 68,373 |
J Sainsbury PLC | 26,076 | 89,235 |
Jeronimo Martins SGPS SA | 4,211 | 115,986 |
Kesko Oyj, Class B | 4,337 | 81,661 |
Kobe Bussan Co. Ltd. | 2,200 | 57,007 |
Koninklijke Ahold Delhaize NV | 14,970 | 510,279 |
Loblaw Cos. Ltd. | 2,419 | 221,709 |
Magnit PJSC (a)(c)** | 1,282 | — |
Metro, Inc. | 3,576 | 202,196 |
Ocado Group PLC (a) | 9,799 | 70,985 |
President Chain Store Corp. | 8,000 | 72,648 |
Seven & i Holdings Co. Ltd. | 11,400 | 491,687 |
Shoprite Holdings Ltd. | 7,237 | 86,483 |
Sumber Alfaria Trijaya Tbk PT | 242,800 | 41,837 |
Tesco PLC | 112,100 | 354,001 |
Woolworths Group Ltd. | 18,445 | 488,356 |
X5 Retail Group NV GDR (a)(c)** | 2,502 | — |
4,478,315 |
Number of Shares | Fair Value | |
Footwear - 0.0%* | ||
Feng TAY Enterprise Co. Ltd. | 5,000 | $ 31,631 |
Pou Chen Corp. | 32,000 | 32,435 |
Puma SE | 1,680 | 101,219 |
Xtep International Holdings Ltd. | 17,000 | 17,399 |
182,684 | ||
Forest Products - 0.0%* | ||
Svenska Cellulosa AB SCA, Class B | 9,051 | 115,365 |
West Fraser Timber Co. Ltd. | 800 | 68,807 |
184,172 | ||
Gas Utilities - 0.1% | ||
AltaGas Ltd. | 4,100 | 73,743 |
APA Group | 17,608 | 113,837 |
Beijing Enterprises Holdings Ltd. | 6,500 | 23,581 |
Brookfield Infrastructure Corp., Class A | 3,444 | 156,978 |
China Gas Holdings Ltd. | 43,000 | 49,312 |
China Resources Gas Group Ltd. | 13,600 | 46,636 |
Enagas SA | 3,662 | 71,958 |
ENN Energy Holdings Ltd. | 11,400 | 142,581 |
ENN Natural Gas Co. Ltd., Class A | 5,300 | 13,828 |
GAIL India Ltd. | 27,546 | 35,332 |
Hong Kong & China Gas Co. Ltd. | 166,650 | 144,306 |
Indraprastha Gas Ltd. | 5,170 | 29,874 |
Kunlun Energy Co. Ltd. | 56,000 | 44,111 |
Naturgy Energy Group SA | 2,132 | 63,544 |
Osaka Gas Co. Ltd. | 6,000 | 91,814 |
Petronas Gas Bhd | 11,049 | 39,533 |
Snam SpA | 30,265 | 158,146 |
Tokyo Gas Co. Ltd. | 6,200 | 135,045 |
1,434,159 | ||
Gold - 0.2% | ||
Agnico Eagle Mines Ltd. | 7,515 | 375,679 |
Aneka Tambang Tbk | 103,400 | 13,491 |
AngloGold Ashanti Ltd. | 5,988 | 126,280 |
Barrick Gold Corp. | 26,700 | 452,180 |
Caledonia Mining Corp. PLC | 572 | 6,647 |
Cia de Minas Buenaventura SAA ADR | 3,900 | 28,665 |
Endeavour Mining PLC | 2,848 | 68,469 |
Franco-Nevada Corp. | 2,951 | 421,068 |
Gold Fields Ltd. | 12,777 | 176,973 |
Harmony Gold Mining Co. Ltd. | 9,333 | 39,166 |
i-80 Gold Corp. (a) | 6,732 | 15,147 |
Kinross Gold Corp. | 18,600 | 88,836 |
State Street Total Return V.I.S. Fund | 53 |
Number of Shares | Fair Value | |
Koza Altin Isletmeleri AS | 17,857 | $ 17,095 |
Newcrest Mining Ltd. | 13,492 | 240,495 |
Northern Star Resources Ltd. | 17,393 | 141,592 |
Novagold Resources, Inc. (a) | 8,497 | 33,903 |
Polymetal International PLC (a)(c)** | 1,670 | — |
Polyus PJSC GDR (a)(c)** | 977 | — |
Polyus PJSC (a)(c)** | 122 | — |
Shandong Gold Mining Co. Ltd., Class A | 3,000 | 9,727 |
Shandong Gold Mining Co. Ltd., Class H (d) | 14,250 | 26,190 |
SSR Mining, Inc. | 3,200 | 45,376 |
Wheaton Precious Metals Corp. | 6,829 | 295,661 |
Zhaojin Mining Industry Co. Ltd., Class H | 15,500 | 19,556 |
Zijin Mining Group Co. Ltd., Class H | 79,119 | 117,157 |
Zijin Mining Group Co. Ltd., Class A | 22,900 | 35,939 |
2,795,292 | ||
Healthcare Distributors - 0.0%* | ||
Amplifon SpA | 1,957 | 71,769 |
Celltrion Healthcare Co. Ltd. | 1,308 | 65,486 |
EBOS Group Ltd. | 2,550 | 57,518 |
Guangzhou Baiyunshan Pharmaceutical Holdings Co. Ltd., Class A | 900 | 3,946 |
Huadong Medicine Co. Ltd., Class A | 1,700 | 10,147 |
Shanghai Pharmaceuticals Holding Co. Ltd., Class H | 9,000 | 17,865 |
Shanghai Pharmaceuticals Holding Co. Ltd., Class A | 1,700 | 5,242 |
Sinopharm Group Co. Ltd., Class H | 20,000 | 62,605 |
294,578 | ||
Healthcare Equipment - 0.2% | ||
BioMerieux | 658 | 69,076 |
Carl Zeiss Meditec AG | 638 | 68,983 |
Cochlear Ltd. | 987 | 151,103 |
Demant AS (a) | 1,562 | 66,102 |
DiaSorin SpA | 386 | 40,202 |
Fisher & Paykel Healthcare Corp. Ltd., Class C | 8,613 | 129,470 |
Getinge AB, Class B | 3,380 | 59,210 |
Jafron Biomedical Co. Ltd., Class A | 600 | 1,915 |
Jiangsu Yuyue Medical Equipment & Supply Co. Ltd., Class A | 600 | 2,970 |
Koninklijke Philips NV (a) | 14,031 | 303,963 |
Lepu Medical Technology Beijing Co. Ltd., Class A | 2,300 | 7,152 |
Number of Shares | Fair Value | |
Microport Scientific Corp. (a) | 11,707 | $ 21,293 |
Nano-X Imaging Ltd. (a) | 1,599 | 24,768 |
Olympus Corp. | 18,500 | 292,283 |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A | 1,100 | 45,453 |
Siemens Healthineers AG (d) | 4,257 | 241,223 |
Smith & Nephew PLC | 13,107 | 211,684 |
Sonova Holding AG | 784 | 209,294 |
Straumann Holding AG | 1,685 | 274,113 |
Sysmex Corp. | 2,500 | 170,958 |
Terumo Corp. | 10,300 | 327,507 |
2,718,722 | ||
Healthcare Facilities - 0.1% | ||
Aier Eye Hospital Group Co. Ltd., Class A | 10,282 | 26,276 |
Apollo Hospitals Enterprise Ltd. | 1,475 | 91,815 |
Bangkok Dusit Medical Services PCL NVDR | 148,011 | 116,067 |
Bumrungrad Hospital PCL NVDR | 8,541 | 54,505 |
Dallah Healthcare Co. | 522 | 23,453 |
Dr Sulaiman Al Habib Medical Services Group Co. | 1,228 | 93,954 |
Hygeia Healthcare Holdings Co. Ltd., Class C (d) | 3,200 | 17,380 |
IHH Healthcare Bhd | 27,300 | 34,479 |
Max Healthcare Institute Ltd. (a) | 11,141 | 81,521 |
Mouwasat Medical Services Co. | 722 | 46,810 |
Ramsay Health Care Ltd. | 2,726 | 102,339 |
Rede D'Or Sao Luiz SA (d) | 8,200 | 55,958 |
744,557 | ||
Healthcare Services - 0.0%* | ||
Fresenius Medical Care AG & Co. KGaA | 3,074 | 146,883 |
Fresenius SE & Co. KGaA | 6,345 | 175,958 |
Guangzhou Kingmed Diagnostics Group Co. Ltd., Class A | 500 | 5,197 |
Meinian Onehealth Healthcare Holdings Co. Ltd., Class A (a) | 4,500 | 4,406 |
Sonic Healthcare Ltd. | 6,852 | 162,830 |
Topchoice Medical Corp., Class A (a) | 300 | 4,001 |
499,275 | ||
Healthcare Supplies - 0.2% | ||
Alcon, Inc. | 7,582 | 629,302 |
Asahi Intecc Co. Ltd. | 3,400 | 66,828 |
Coloplast AS, Class B | 1,793 | 224,325 |
54 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
EssilorLuxottica SA | 4,509 | $ 850,107 |
HLB, Inc. (a) | 1,849 | 45,906 |
Hoya Corp. | 5,400 | 645,124 |
Ovctek China, Inc., Class A | 600 | 2,495 |
Shandong Weigao Group Medical Polymer Co. Ltd., Class H | 36,400 | 47,759 |
Top Glove Corp. Bhd (a) | 54,800 | 9,533 |
2,521,379 | ||
Healthcare Technology - 0.0%* | ||
M3, Inc. | 6,600 | 143,671 |
Heavy Electrical Equipment - 0.1% | ||
ABB India Ltd. | 830 | 44,831 |
Dongfang Electric Corp. Ltd., Class A | 1,000 | 2,568 |
Doosan Enerbility Co. Ltd. (a) | 6,091 | 84,162 |
Ming Yang Smart Energy Group Ltd., Class A | 600 | 1,395 |
Mitsubishi Electric Corp. | 29,300 | 413,522 |
NARI Technology Co. Ltd., Class A | 5,155 | 16,391 |
Shanghai Electric Group Co. Ltd., Class A (a) | 15,400 | 9,686 |
Siemens Energy AG (a) | 7,813 | 138,123 |
Titan Wind Energy Suzhou Co. Ltd., Class A (a) | 900 | 1,887 |
Vestas Wind Systems AS (a) | 15,301 | 406,732 |
Xinjiang Goldwind Science & Technology Co. Ltd., Class A | 2,800 | 4,095 |
1,123,392 | ||
Highways & Railtracks - 0.1% | ||
Bangkok Expressway & Metro PCL NVDR | 140,283 | 33,871 |
CCR SA | 18,300 | 53,299 |
Getlink SE | 5,485 | 93,326 |
Jiangsu Expressway Co. Ltd., Class H | 26,000 | 23,975 |
Promotora y Operadora de Infraestructura SAB de CV | 3,155 | 31,545 |
Shenzhen International Holdings Ltd. | 17,503 | 15,440 |
Taiwan High Speed Rail Corp. | 33,000 | 34,086 |
Transurban Group | 46,611 | 443,467 |
Zhejiang Expressway Co. Ltd., Class H | 16,000 | 12,174 |
741,183 | ||
Home Building - 0.1% | ||
Barratt Developments PLC | 15,884 | 83,571 |
Berkeley Group Holdings PLC | 1,723 | 85,983 |
Iida Group Holdings Co. Ltd. | 2,438 | 41,131 |
Number of Shares | Fair Value | |
Open House Group Co. Ltd. | 1,300 | $ 46,854 |
Persimmon PLC | 4,714 | 61,487 |
Sekisui Chemical Co. Ltd. | 5,800 | 83,655 |
Sekisui House Ltd. | 9,258 | 186,697 |
Taylor Wimpey PLC | 55,820 | 73,000 |
662,378 | ||
Home Furnishing Retail - 0.0%* | ||
Nitori Holdings Co. Ltd. | 1,200 | 134,529 |
Home Furnishings - 0.0%* | ||
Nien Made Enterprise Co. Ltd. | 2,000 | 22,045 |
Oppein Home Group, Inc., Class A | 500 | 6,596 |
28,641 | ||
Home Improvement Retail - 0.0%* | ||
Home Product Center PCL NVDR | 95,609 | 37,838 |
Kingfisher PLC | 31,035 | 91,565 |
MR DIY Group M Bhd (d) | 42,900 | 14,637 |
144,040 | ||
Hotels, Resorts & Cruise Lines - 0.1% | ||
Accor SA | 2,825 | 105,103 |
Amadeus IT Group SA (a) | 6,830 | 520,012 |
Asset World Corp. PCL NVDR | 34,533 | 4,819 |
H World Group Ltd. ADR (a) | 2,800 | 108,584 |
Indian Hotels Co. Ltd. | 12,126 | 58,141 |
InterContinental Hotels Group PLC | 2,634 | 182,273 |
Minor International PCL NVDR | 47,349 | 45,850 |
Shanghai Jinjiang International Hotels Co. Ltd., Class A | 900 | 5,247 |
Tongcheng Travel Holdings Ltd. (a) | 18,400 | 38,645 |
TravelSky Technology Ltd., Class H | 10,000 | 17,034 |
Trip.com Group Ltd. (a) | 7,800 | 272,272 |
Whitbread PLC | 3,228 | 139,102 |
1,497,082 | ||
Household Appliances - 0.0%* | ||
Coway Co. Ltd. | 967 | 32,314 |
Ecovacs Robotics Co. Ltd., Class A | 400 | 4,286 |
Gree Electric Appliances, Inc. of Zhuhai, Class A | 4,100 | 20,607 |
Haier Smart Home Co. Ltd., Class A | 3,900 | 12,603 |
Haier Smart Home Co. Ltd., Class H | 34,800 | 109,735 |
State Street Total Return V.I.S. Fund | 55 |
Number of Shares | Fair Value | |
SEB SA | 420 | $ 43,426 |
222,971 | ||
Household Products - 0.1% | ||
Essity AB, Class B | 9,197 | 244,570 |
Henkel AG & Co. KGaA | 1,662 | 116,974 |
Kimberly-Clark de Mexico SAB de CV, Class A | 24,500 | 54,384 |
Reckitt Benckiser Group PLC | 10,878 | 818,360 |
Unicharm Corp. | 6,100 | 226,451 |
Unilever Indonesia Tbk PT | 125,600 | 35,758 |
Vinda International Holdings Ltd. | 4,000 | 9,970 |
1,506,467 | ||
Human Resource & Employment Services - 0.1% | ||
Adecco Group AG | 2,359 | 77,295 |
Persol Holdings Co. Ltd. | 2,800 | 50,590 |
Randstad NV | 1,624 | 85,633 |
Recruit Holdings Co. Ltd. | 21,900 | 697,785 |
911,303 | ||
Independent Power Producers & Energy Traders - 0.1% | ||
ACEN Corp. (a) | 10,680 | 1,047 |
ACWA Power Co. | 1,144 | 51,138 |
Adani Power Ltd. (a) | 7,953 | 24,303 |
B Grimm Power PCL NVDR | 8,800 | 8,645 |
CGN Power Co. Ltd., Class H (d) | 185,000 | 44,673 |
China National Nuclear Power Co. Ltd., Class A | 11,500 | 11,159 |
China Power International Development Ltd. | 65,000 | 23,976 |
China Resources Power Holdings Co. Ltd. | 28,000 | 63,414 |
Electricity Generating PCL NVDR | 4,166 | 15,350 |
Eneva SA (a) | 15,300 | 38,916 |
GD Power Development Co. Ltd., Class A (a) | 10,800 | 5,690 |
Global Power Synergy PCL NVDR | 13,498 | 20,707 |
Gulf Energy Development PCL NVDR | 40,633 | 53,674 |
Huadian Power International Corp. Ltd., Class A | 16,100 | 14,823 |
Huaneng Power International, Inc., Class H (a) | 58,000 | 36,361 |
Huaneng Power International, Inc., Class A (a) | 7,700 | 9,801 |
NTPC Ltd. | 54,719 | 126,378 |
Ratch Group PCL NVDR | 11,000 | 11,102 |
RWE AG | 9,736 | 424,181 |
Shenzhen Energy Group Co. Ltd., Class A | 5,900 | 5,350 |
990,688 |
Number of Shares | Fair Value | |
Industrial Conglomerates - 0.4% | ||
Aboitiz Equity Ventures, Inc. | 28,670 | $ 28,281 |
Alfa SAB de CV, Class A | 36,800 | 22,852 |
Astra International Tbk PT | 295,000 | 133,806 |
Ayala Corp. | 3,810 | 43,330 |
Bidvest Group Ltd. | 4,198 | 58,139 |
Brookfield Business Corp., Class A | 837 | 15,803 |
China Baoan Group Co. Ltd., Class A | 1,200 | 1,994 |
CITIC Ltd. | 84,000 | 100,569 |
CJ Corp. | 187 | 9,703 |
CK Hutchison Holdings Ltd. | 40,500 | 247,166 |
DCC PLC | 1,566 | 87,698 |
Far Eastern New Century Corp. | 52,000 | 55,915 |
Fosun International Ltd. | 31,000 | 21,360 |
Grupo Carso SAB de CV Series A1 | 5,400 | 39,150 |
Hikari Tsushin, Inc. | 300 | 42,988 |
Hitachi Ltd. | 14,200 | 881,440 |
Industries Qatar QSC | 21,324 | 66,346 |
Investment AB Latour, Class B | 2,506 | 49,678 |
Jardine Cycle & Carriage Ltd. | 1,500 | 38,652 |
Jardine Matheson Holdings Ltd. | 2,500 | 126,775 |
JG Summit Holdings, Inc. | 46,990 | 37,962 |
Keppel Corp. Ltd. | 23,200 | 115,379 |
KOC Holding AS | 11,100 | 44,359 |
LG Corp. | 1,357 | 91,001 |
Lifco AB, Class B | 3,440 | 74,805 |
Multiply Group PJSC (a) | 48,443 | 41,981 |
Mytilineos SA | 1,549 | 54,678 |
Samsung C&T Corp. | 1,218 | 98,029 |
Siemens AG | 11,518 | 1,919,709 |
Siemens Ltd. | 862 | 39,645 |
Sime Darby Bhd | 56,158 | 24,685 |
SK Square Co. Ltd. (a) | 1,543 | 52,118 |
SK, Inc. | 536 | 60,801 |
SM Investments Corp. | 3,420 | 57,487 |
Smiths Group PLC | 5,660 | 118,543 |
Toshiba Corp. | 6,300 | 197,361 |
Turkiye Sise ve Cam Fabrikalari AS | 16,723 | 28,571 |
5,128,759 | ||
Industrial Gases - 0.1% | ||
Air Liquide SA | 7,930 | 1,421,867 |
Nippon Sanso Holdings Corp. | 2,900 | 62,900 |
1,484,767 | ||
Industrial Machinery & Supplies & Components - 0.4% | ||
Airtac International Group | 2,364 | 78,127 |
Alfa Laval AB | 4,346 | 158,298 |
56 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Atlas Copco AB, A Shares | 40,768 | $ 587,693 |
Atlas Copco AB, B Shares | 23,589 | 293,685 |
Daifuku Co. Ltd. | 4,800 | 98,696 |
FANUC Corp. | 14,500 | 508,187 |
GEA Group AG | 2,415 | 101,088 |
Haitian International Holdings Ltd. | 12,655 | 29,678 |
Hoshizaki Corp. | 1,600 | 57,349 |
Hoyuan Green Energy Co. Ltd., Class A (a) | 280 | 2,876 |
Indutrade AB | 4,059 | 91,478 |
Jiangsu Hengli Hydraulic Co. Ltd., Class A | 900 | 7,969 |
Kone Oyj, Class B | 5,136 | 268,279 |
Kurita Water Industries Ltd. | 1,607 | 61,594 |
Luxfer Holdings PLC | 866 | 12,323 |
Makita Corp. | 3,500 | 98,768 |
MINEBEA MITSUMI, Inc. | 5,800 | 109,824 |
MISUMI Group, Inc. | 4,500 | 90,448 |
Mitsubishi Heavy Industries Ltd. | 4,800 | 223,813 |
NGK Insulators Ltd. | 3,400 | 40,554 |
Ningbo Deye Technology Co. Ltd., Class A | 360 | 7,423 |
North Industries Group Red Arrow Co. Ltd., Class A | 600 | 1,496 |
Rational AG | 87 | 62,985 |
Sandvik AB | 16,124 | 314,343 |
Schindler Holding AG | 954 | 220,758 |
Shenzhen Inovance Technology Co. Ltd., Class A | 1,750 | 15,488 |
SKF AB, Class B | 5,019 | 87,329 |
SMC Corp. | 900 | 499,355 |
Spirax-Sarco Engineering PLC | 1,101 | 145,271 |
Techtronic Industries Co. Ltd. | 20,500 | 224,163 |
VAT Group AG (d) | 404 | 167,417 |
Wartsila OYJ Abp | 6,991 | 78,816 |
Yaskawa Electric Corp. | 3,600 | 165,695 |
4,911,266 | ||
Industrial REITs - 0.1% | ||
CapitaLand Ascendas REIT | 53,600 | 108,109 |
GLP J-Reit | 66 | 64,991 |
Goodman Group | 25,604 | 343,932 |
Mapletree Logistics Trust | 52,936 | 63,624 |
Nippon Prologis REIT, Inc. | 31 | 62,200 |
Segro PLC | 18,182 | 165,993 |
Warehouses De Pauw CVA | 2,478 | 68,040 |
876,889 | ||
Integrated Oil & Gas - 0.8% | ||
BP PLC | 268,075 | 1,562,494 |
Cenovus Energy, Inc. | 21,751 | 369,845 |
Number of Shares | Fair Value | |
China Petroleum & Chemical Corp., Class H | 346,000 | $ 203,412 |
China Petroleum & Chemical Corp., Class A | 37,300 | 32,638 |
Eni SpA | 35,617 | 512,662 |
Equinor ASA | 14,433 | 421,059 |
Galp Energia SGPS SA | 7,413 | 86,612 |
Gazprom PJSC ADR (a)(c)** | 77,360 | — |
Gazprom PJSC (c)** | 56,590 | — |
Guanghui Energy Co. Ltd., Class A | 8,300 | 7,844 |
Imperial Oil Ltd. | 3,100 | 158,789 |
LUKOIL PJSC (c)** | 7,480 | — |
MOL Hungarian Oil & Gas PLC | 6,008 | 52,526 |
Novatek PJSC GDR (a)(c)** | 1,641 | — |
Oil & Natural Gas Corp. Ltd. | 35,271 | 69,038 |
OMV AG | 2,349 | 99,725 |
PetroChina Co. Ltd., Class H | 296,000 | 205,514 |
PetroChina Co. Ltd., Class A | 24,900 | 25,605 |
Petroleo Brasileiro SA | 52,700 | 361,602 |
PTT PCL NVDR | 140,541 | 133,027 |
Repsol SA | 19,963 | 290,289 |
Rosneft Oil Co. PJSC (c)** | 20,586 | — |
Saudi Arabian Oil Co. (d) | 33,944 | 294,025 |
Shell PLC | 103,822 | 3,100,479 |
Suncor Energy, Inc. | 20,100 | 590,278 |
Surgutneftegas PJSC ADR (a)(c)** | 9,978 | — |
Surgutneftegas PJSC (a)(c)** | 31,000 | — |
TotalEnergies SE | 35,856 | 2,057,923 |
10,635,386 | ||
Integrated Telecommunication Services - 0.4% | ||
BCE, Inc. | 1,247 | 56,920 |
BT Group PLC | 104,616 | 162,970 |
Cellnex Telecom SA (d) | 8,553 | 345,510 |
China Tower Corp. Ltd., Class H (d) | 620,000 | 69,044 |
Chunghwa Telecom Co. Ltd. | 54,071 | 202,518 |
Deutsche Telekom AG | 49,057 | 1,070,154 |
Elisa Oyj | 2,125 | 113,421 |
Emirates Telecommunications Group Co. PJSC | 49,521 | 303,874 |
Hellenic Telecommunications Organization SA | 3,059 | 52,431 |
HKT Trust & HKT Ltd. | 59,815 | 69,642 |
Infrastrutture Wireless Italiane SpA (d) | 4,931 | 65,079 |
Koninklijke KPN NV | 49,628 | 177,138 |
LG Uplus Corp. | 3,323 | 27,114 |
Nippon Telegraph & Telephone Corp. | 452,725 | 534,823 |
Ooredoo QPSC | 12,728 | 38,254 |
Operadora De Sites Mexicanos SAB de CV | 26,500 | 25,170 |
State Street Total Return V.I.S. Fund | 57 |
Number of Shares | Fair Value | |
Orange SA | 28,569 | $ 333,809 |
Sarana Menara Nusantara Tbk PT | 268,300 | 19,015 |
Saudi Telecom Co. | 28,198 | 328,781 |
Singapore Telecommunications Ltd. | 124,500 | 230,433 |
Spark New Zealand Ltd. | 27,737 | 86,649 |
Swisscom AG | 391 | 244,148 |
Telecom Italia SpA (a) | 154,590 | 43,576 |
Telefonica Brasil SA | 6,887 | 61,775 |
Telefonica Deutschland Holding AG | 12,611 | 35,487 |
Telefonica SA | 78,641 | 319,220 |
Telekom Malaysia Bhd | 12,097 | 12,742 |
Telenor ASA | 10,447 | 106,126 |
Telia Co. AB | 39,531 | 86,597 |
Telkom Indonesia Persero Tbk PT | 715,500 | 191,412 |
Telstra Group Ltd. | 60,740 | 174,114 |
TELUS Corp. | 7,124 | 138,792 |
True Corp. PCL NVDR | 169,442 | 31,404 |
5,758,142 | ||
Interactive Home Entertainment - 0.2% | ||
37 Interactive Entertainment Network Technology Group Co. Ltd., Class A | 3,000 | 14,409 |
Bilibili, Inc., Class Z (a) | 2,720 | 40,932 |
Capcom Co. Ltd. | 2,600 | 102,894 |
CD Projekt SA | 697 | 26,583 |
Embracer Group AB (a) | 11,141 | 27,820 |
Kakao Games Corp. (a) | 347 | 8,732 |
Kingsoft Corp. Ltd. | 13,800 | 54,541 |
Koei Tecmo Holdings Co. Ltd. | 1,680 | 29,052 |
Konami Group Corp. | 1,600 | 83,766 |
Krafton, Inc. (a) | 420 | 62,551 |
NCSoft Corp. | 236 | 53,146 |
NetEase, Inc. | 28,270 | 547,517 |
Netmarble Corp. (a)(d) | 299 | 11,229 |
Nexon Co. Ltd. | 6,000 | 114,869 |
Nintendo Co. Ltd. | 15,900 | 723,651 |
Pearl Abyss Corp. (a) | 358 | 14,405 |
Perfect World Co. Ltd., Class A | 3,300 | 7,673 |
Sea Ltd. ADR (a) | 5,500 | 319,220 |
Square Enix Holdings Co. Ltd. | 1,300 | 60,386 |
Zhejiang Century Huatong Group Co. Ltd., Class A (a) | 8,600 | 8,985 |
2,312,361 | ||
Interactive Media & Services - 0.4% | ||
Adevinta ASA (a) | 4,364 | 28,731 |
Auto Trader Group PLC (d) | 13,603 | 105,733 |
Autohome, Inc. ADR | 1,200 | 34,992 |
Number of Shares | Fair Value | |
Baidu, Inc., Class A (a) | 31,700 | $ 540,626 |
Grindr, Inc. (a) | 1,429 | 7,902 |
Info Edge India Ltd. | 1,004 | 55,056 |
JOYY, Inc. ADR | 900 | 27,639 |
Kakao Corp. | 4,470 | 167,893 |
Kanzhun Ltd. ADR (a) | 2,600 | 39,130 |
Kuaishou Technology (a)(d) | 32,300 | 221,986 |
NAVER Corp. | 1,880 | 263,172 |
REA Group Ltd. | 777 | 74,585 |
Scout24 SE (d) | 1,182 | 74,885 |
SEEK Ltd. | 5,341 | 77,966 |
Tencent Holdings Ltd. | 86,875 | 3,683,320 |
VK Co. Ltd. GDR (a)(c)** | 1,600 | — |
Weibo Corp. ADR | 700 | 9,177 |
Yandex NV, Class A (a)(c)** | 5,562 | — |
Z Holdings Corp. | 42,696 | 102,730 |
5,515,523 | ||
Internet Services & Infrastructure - 0.1% | ||
GDS Holdings Ltd., Class A (a) | 8,800 | 12,066 |
Shopify, Inc., Class A (a) | 18,123 | 1,172,636 |
Wix.com Ltd. (a) | 900 | 70,416 |
1,255,118 | ||
Investment Banking & Brokerage - 0.1% | ||
China Galaxy Securities Co. Ltd., Class H | 58,500 | 31,312 |
China Galaxy Securities Co. Ltd., Class A | 2,700 | 4,317 |
China International Capital Corp. Ltd., Class H (a)(d) | 25,200 | 44,422 |
China International Capital Corp. Ltd., Class A | 1,200 | 5,866 |
China Merchants Securities Co. Ltd., Class A | 10,800 | 20,187 |
CITIC Securities Co. Ltd., Class H | 30,425 | 55,318 |
CITIC Securities Co. Ltd., Class A | 13,490 | 36,757 |
CSC Financial Co. Ltd., Class A | 4,000 | 13,342 |
Daiwa Securities Group, Inc. | 19,800 | 101,860 |
Everbright Securities Co. Ltd., Class A | 3,600 | 7,882 |
Futu Holdings Ltd. ADR (a) | 900 | 35,766 |
GF Securities Co. Ltd., Class H (a) | 14,200 | 19,630 |
GF Securities Co. Ltd., Class A | 3,200 | 6,489 |
Guosen Securities Co. Ltd., Class A | 6,800 | 8,177 |
Guotai Junan Securities Co. Ltd., Class A | 4,100 | 7,901 |
Haitong Securities Co. Ltd., Class H | 51,200 | 31,440 |
58 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Haitong Securities Co. Ltd., Class A | 14,800 | $ 18,788 |
Huatai Securities Co. Ltd., Class H (d) | 20,000 | 24,774 |
Huatai Securities Co. Ltd., Class A | 4,600 | 8,728 |
Industrial Securities Co. Ltd., Class A | 7,500 | 6,323 |
Korea Investment Holdings Co. Ltd. | 530 | 20,903 |
Nomura Holdings, Inc. | 43,500 | 165,569 |
Orient Securities Co. Ltd., Class A | 8,192 | 10,953 |
Samsung Securities Co. Ltd. | 735 | 20,174 |
SBI Holdings, Inc. | 3,900 | 75,090 |
SDIC Capital Co. Ltd., Class A | 14,100 | 13,818 |
Shenwan Hongyuan Group Co. Ltd., Class A | 13,700 | 8,716 |
SooChow Securities Co. Ltd., Class A | 2,100 | 2,007 |
XP, Inc., Class A (a) | 3,300 | 77,418 |
Zheshang Securities Co. Ltd., Class A | 4,800 | 6,530 |
Zhongtai Securities Co. Ltd., Class A | 7,200 | 6,846 |
897,303 | ||
IT Consulting & Other Services - 0.3% | ||
Arabian Internet & Communications Services Co. | 348 | 30,012 |
Bechtle AG | 1,404 | 55,746 |
Capgemini SE | 2,482 | 469,862 |
CGI, Inc. (a) | 3,200 | 337,835 |
Chinasoft International Ltd. (a) | 50,000 | 31,530 |
Elm Co. | 389 | 60,573 |
Fujitsu Ltd. | 2,700 | 349,023 |
HCL Technologies Ltd. | 13,635 | 198,219 |
Infosys Ltd. | 46,236 | 753,087 |
Itochu Techno-Solutions Corp. | 1,332 | 33,697 |
LTIMindtree Ltd. (d) | 1,277 | 81,230 |
Mphasis Ltd. | 1,412 | 32,749 |
NEC Corp. | 3,640 | 176,292 |
Nomura Research Institute Ltd. | 5,960 | 164,386 |
NTT Data Corp. | 9,400 | 131,578 |
Obic Co. Ltd. | 1,000 | 160,242 |
Otsuka Corp. | 1,700 | 66,108 |
Samsung SDS Co. Ltd. | 533 | 49,963 |
SCSK Corp. | 2,200 | 34,564 |
Tata Consultancy Services Ltd. | 12,987 | 524,770 |
Tech Mahindra Ltd. | 8,509 | 117,809 |
TIS, Inc. | 3,400 | 85,047 |
Number of Shares | Fair Value | |
Wipro Ltd. | 19,546 | $ 93,048 |
4,037,370 | ||
Leisure Facilities - 0.0%* | ||
Oriental Land Co. Ltd. | 16,700 | 649,985 |
Shenzhen Overseas Chinese Town Co. Ltd., Class A (a) | 7,300 | 4,422 |
Songcheng Performance Development Co. Ltd., Class A | 2,387 | 4,083 |
658,490 | ||
Leisure Products - 0.0%* | ||
Bandai Namco Holdings, Inc. | 9,000 | 208,070 |
Giant Manufacturing Co. Ltd. | 6,108 | 45,325 |
Shimano, Inc. | 1,200 | 200,555 |
Yamaha Corp. | 2,200 | 84,605 |
538,555 | ||
Life & Health Insurance - 0.6% | ||
Aegon NV | 26,732 | 135,677 |
AIA Group Ltd. | 176,400 | 1,791,469 |
Bupa Arabia for Cooperative Insurance Co. | 1,057 | 52,305 |
Cathay Financial Holding Co. Ltd. | 119,529 | 165,935 |
China Development Financial Holding Corp. (a) | 213,120 | 84,947 |
China Life Insurance Co. Ltd., Class H | 103,000 | 172,407 |
China Life Insurance Co. Ltd., Class A | 3,900 | 18,776 |
China Taiping Insurance Holdings Co. Ltd. | 27,200 | 28,334 |
Dai-ichi Life Holdings, Inc. | 14,100 | 267,735 |
Discovery Ltd. (a) | 7,000 | 54,044 |
Fubon Financial Holding Co. Ltd. | 102,982 | 201,579 |
Great-West Lifeco, Inc. | 4,181 | 121,552 |
HDFC Life Insurance Co. Ltd. (d) | 13,870 | 110,185 |
iA Financial Corp., Inc. | 1,598 | 108,989 |
ICICI Prudential Life Insurance Co. Ltd. (a)(d) | 4,451 | 31,120 |
Japan Post Holdings Co. Ltd. | 32,900 | 236,068 |
Japan Post Insurance Co. Ltd. | 2,900 | 43,511 |
Legal & General Group PLC | 90,135 | 261,245 |
Manulife Financial Corp. | 27,900 | 527,955 |
Medibank Pvt Ltd. | 40,880 | 95,954 |
New China Life Insurance Co. Ltd., Class H | 13,500 | 35,672 |
New China Life Insurance Co. Ltd., Class A | 1,600 | 8,103 |
NN Group NV | 4,059 | 150,227 |
Old Mutual Ltd. | 70,628 | 45,313 |
State Street Total Return V.I.S. Fund | 59 |
Number of Shares | Fair Value | |
OUTsurance Group Ltd. | 11,894 | $ 21,400 |
Phoenix Group Holdings PLC | 11,070 | 74,979 |
Ping An Insurance Group Co. of China Ltd., Class H | 88,500 | 565,199 |
Ping An Insurance Group Co. of China Ltd., Class A | 10,500 | 67,037 |
Poste Italiane SpA (d) | 8,266 | 89,529 |
Power Corp. of Canada | 8,880 | 239,305 |
Prudential PLC | 41,737 | 590,095 |
Samsung Life Insurance Co. Ltd. | 1,145 | 58,559 |
Sanlam Ltd. | 24,701 | 76,295 |
SBI Life Insurance Co. Ltd. (d) | 6,426 | 102,520 |
Shin Kong Financial Holding Co. Ltd. (a) | 182,263 | 52,204 |
Sun Life Financial, Inc. | 8,890 | 463,966 |
Swiss Life Holding AG | 466 | 273,052 |
T&D Holdings, Inc. | 7,400 | 108,347 |
7,531,589 | ||
Life Sciences Tools & Services - 0.1% | ||
Bachem Holding AG | 564 | 49,268 |
Divi's Laboratories Ltd. | 1,870 | 81,829 |
Eurofins Scientific SE | 2,018 | 128,216 |
Genscript Biotech Corp. (a) | 18,000 | 40,715 |
Hangzhou Tigermed Consulting Co. Ltd., Class A (a) | 500 | 4,443 |
Hangzhou Tigermed Consulting Co. Ltd., Class H (d) | 1,500 | 8,571 |
Joinn Laboratories China Co. Ltd., Class A | 784 | 4,415 |
Lonza Group AG | 1,131 | 676,315 |
Pharmaron Beijing Co. Ltd., Class H (a)(d) | 1,950 | 6,046 |
Pharmaron Beijing Co. Ltd., Class A (a) | 450 | 2,371 |
Samsung Biologics Co. Ltd. (a)(d) | 250 | 141,544 |
Sartorius Stedim Biotech | 412 | 102,880 |
WuXi AppTec Co. Ltd., Class H (d) | 3,708 | 29,715 |
WuXi AppTec Co. Ltd., Class A | 3,220 | 27,651 |
Wuxi Biologics Cayman, Inc. (a)(d) | 51,500 | 247,493 |
1,551,472 | ||
Managed Healthcare - 0.0%* | ||
Hapvida Participacoes e Investimentos SA (a)(d) | 75,740 | 68,769 |
Marine Ports & Services - 0.0%* | ||
Adani Ports & Special Economic Zone Ltd. | 5,450 | 49,237 |
Number of Shares | Fair Value | |
China Merchants Port Holdings Co. Ltd. | 23,084 | $ 32,654 |
COSCO SHIPPING Ports Ltd. | 19,404 | 11,583 |
International Container Terminal Services, Inc. | 15,070 | 55,660 |
Shanghai International Port Group Co. Ltd., Class A | 3,100 | 2,241 |
151,375 | ||
Marine Transportation - 0.1% | ||
AP Moller - Maersk AS, Class B | 75 | 131,842 |
AP Moller - Maersk AS, Class A | 49 | 85,424 |
Cia Sud Americana de Vapores SA | 285,714 | 19,394 |
COSCO SHIPPING Holdings Co. Ltd., Class H | 49,682 | 44,907 |
COSCO SHIPPING Holdings Co. Ltd., Class A | 8,910 | 11,541 |
Costamare, Inc. | 1,701 | 16,449 |
Evergreen Marine Corp. Taiwan Ltd. | 14,400 | 43,409 |
Golden Ocean Group Ltd. | 4,055 | 30,615 |
Himalaya Shipping Ltd. (a) | 954 | 5,304 |
HMM Co. Ltd. | 3,879 | 55,777 |
Kawasaki Kisen Kaisha Ltd. | 2,100 | 51,407 |
Kuehne & Nagel International AG | 820 | 243,015 |
MISC Bhd | 22,675 | 34,815 |
Mitsui OSK Lines Ltd. | 5,500 | 132,105 |
Nippon Yusen KK | 7,300 | 161,854 |
Orient Overseas International Ltd. | 2,500 | 33,579 |
Pan Ocean Co. Ltd. | 2,635 | 10,416 |
Safe Bulkers, Inc. | 3,509 | 11,439 |
SITC International Holdings Co. Ltd. | 21,000 | 38,452 |
Wan Hai Lines Ltd. | 6,670 | 12,700 |
Yang Ming Marine Transport Corp. (a) | 26,000 | 52,802 |
1,227,246 | ||
Metal, Glass & Plastic Containers - 0.0%* | ||
CCL Industries, Inc., Class B | 2,400 | 118,109 |
Motorcycle Manufacturers - 0.0%* | ||
Bajaj Auto Ltd. | 991 | 56,783 |
Eicher Motors Ltd. | 1,995 | 87,224 |
Hero MotoCorp Ltd. | 1,715 | 60,963 |
Livewire Group, Inc. (a) | 384 | 4,535 |
TVS Motor Co. Ltd. | 3,125 | 50,637 |
Yadea Group Holdings Ltd. (d) | 14,000 | 31,934 |
Yamaha Motor Co. Ltd. | 4,400 | 126,282 |
418,358 |
60 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Movies & Entertainment - 0.0%* | ||
Beijing Enlight Media Co. Ltd., Class A | 5,600 | $ 6,237 |
Bollore SE | 13,094 | 81,643 |
China Ruyi Holdings Ltd. (a) | 104,000 | 24,509 |
HYBE Co. Ltd. (a) | 282 | 60,818 |
iQIYI, Inc. ADR (a) | 6,500 | 34,710 |
Mango Excellent Media Co. Ltd., Class A | 1,600 | 7,548 |
Tencent Music Entertainment Group ADR (a) | 10,200 | 75,276 |
Toho Co. Ltd. | 1,600 | 60,842 |
Universal Music Group NV | 12,571 | 279,211 |
630,794 | ||
Multi-Family Residential REITs - 0.0%* | ||
Canadian Apartment Properties REIT | 1,200 | 46,123 |
Multi-Line Insurance - 0.4% | ||
Ageas SA | 2,573 | 104,288 |
Allianz SE | 6,109 | 1,422,671 |
Assicurazioni Generali SpA | 15,550 | 316,166 |
Aviva PLC | 42,225 | 212,671 |
AXA SA | 27,750 | 819,899 |
Baloise Holding AG | 732 | 107,720 |
BB Seguridade Participacoes SA | 9,703 | 61,891 |
China Pacific Insurance Group Co. Ltd., Class H | 35,689 | 92,647 |
China Pacific Insurance Group Co. Ltd., Class A | 7,800 | 27,901 |
Gjensidige Forsikring ASA | 3,415 | 54,810 |
Helvetia Holding AG | 569 | 77,153 |
Powszechny Zaklad Ubezpieczen SA | 8,763 | 85,061 |
Sampo Oyj, A Shares | 6,922 | 310,827 |
Talanx AG | 972 | 55,793 |
ZhongAn Online P&C Insurance Co. Ltd., Class H (a)(d) | 10,400 | 28,396 |
Zurich Insurance Group AG | 2,278 | 1,084,103 |
4,861,997 | ||
Multi-Sector Holdings - 0.1% | ||
Bajaj Holdings & Investment Ltd. | 380 | 32,488 |
Eurazeo SE | 739 | 52,020 |
EXOR NV | 1,621 | 144,688 |
Groupe Bruxelles Lambert NV | 1,486 | 117,125 |
Industrivarden AB, Class A | 1,881 | 52,091 |
Industrivarden AB, Class C | 2,419 | 66,653 |
Investor AB, Class B | 26,556 | 530,470 |
Investor AB, Class A | 6,494 | 129,775 |
Kinnevik AB, Class B (a) | 3,787 | 52,454 |
Number of Shares | Fair Value | |
L E Lundbergforetagen AB, Class B | 1,297 | $ 55,151 |
Remgro Ltd. | 7,286 | 56,714 |
Sofina SA | 263 | 54,515 |
Washington H Soul Pattinson & Co. Ltd. | 3,600 | 76,367 |
Wendel SE | 409 | 41,999 |
1,462,510 | ||
Multi-Utilities - 0.2% | ||
Algonquin Power & Utilities Corp. | 10,670 | 88,295 |
Canadian Utilities Ltd., Class A | 2,000 | 51,857 |
Centrica PLC | 87,241 | 137,703 |
E.ON SE | 34,028 | 434,608 |
Engie SA | 27,679 | 460,852 |
National Grid PLC | 55,606 | 738,029 |
Qatar Electricity & Water Co. QSC | 5,078 | 24,274 |
Veolia Environnement SA | 10,415 | 329,631 |
2,265,249 | ||
Office REITs - 0.0%* | ||
Covivio SA | 786 | 37,124 |
Dexus | 17,029 | 88,617 |
Gecina SA | 725 | 77,328 |
Japan Real Estate Investment Corp. | 18 | 68,387 |
Nippon Building Fund, Inc. | 23 | 90,290 |
361,746 | ||
Office Services & Supplies - 0.0%* | ||
Shanghai M&G Stationery, Inc., Class A | 1,000 | 6,145 |
Oil & Gas Drilling - 0.0%* | ||
Borr Drilling Ltd. (a) | 7,977 | 60,067 |
China Oilfield Services Ltd., Class H | 32,000 | 33,134 |
Seadrill Ltd. (a) | 1,762 | 72,717 |
165,918 | ||
Oil & Gas Equipment & Services - 0.0%* | ||
Dialog Group Bhd | 38,500 | 17,030 |
Offshore Oil Engineering Co. Ltd., Class A | 2,700 | 2,174 |
TechnipFMC PLC (a) | 3,600 | 59,832 |
Yantai Jereh Oilfield Services Group Co. Ltd., Class A | 500 | 1,730 |
80,766 | ||
Oil & Gas Exploration & Production - 0.2% | ||
Aker BP ASA | 4,701 | 110,498 |
ARC Resources Ltd. | 9,100 | 121,517 |
State Street Total Return V.I.S. Fund | 61 |
Number of Shares | Fair Value | |
Canadian Natural Resources Ltd. | 16,800 | $ 945,599 |
Inpex Corp. | 14,500 | 159,039 |
Kosmos Energy Ltd. (a) | 16,135 | 96,649 |
PRIO SA (a) | 10,200 | 78,403 |
PTT Exploration & Production PCL NVDR | 19,699 | 83,468 |
Santos Ltd. | 50,654 | 253,256 |
Tatneft PJSC ADR (a)(c)** | 3,383 | — |
Tatneft PJSC (c)** | 4,926 | — |
Tourmaline Oil Corp. | 4,800 | 226,424 |
Woodside Energy Group Ltd. | 28,828 | 666,337 |
2,741,190 | ||
Oil & Gas Refining & Marketing - 0.2% | ||
Ampol Ltd. | 3,498 | 69,825 |
Bharat Petroleum Corp. Ltd. | 12,398 | 55,170 |
Cosan SA | 17,436 | 64,554 |
Empresas COPEC SA | 4,726 | 35,055 |
ENEOS Holdings, Inc. | 43,000 | 147,555 |
Formosa Petrochemical Corp. | 14,000 | 37,951 |
HD Hyundai Co. Ltd. | 828 | 37,791 |
Hindustan Petroleum Corp. Ltd. | 11,010 | 36,807 |
Idemitsu Kosan Co. Ltd. | 3,100 | 62,098 |
Indian Oil Corp. Ltd. | 43,439 | 48,412 |
Motor Oil Hellas Corinth Refineries SA | 614 | 15,541 |
Neste Oyj | 6,393 | 246,106 |
Parkland Corp. | 2,007 | 50,052 |
Petronas Dagangan Bhd | 3,100 | 14,744 |
Polski Koncern Naftowy ORLEN SA | 7,590 | 120,388 |
Qatar Fuel QSC | 8,638 | 40,572 |
Rabigh Refining & Petrochemical Co. (a) | 5,905 | 18,252 |
Reliance Industries Ltd. | 42,148 | 1,313,799 |
SK Innovation Co. Ltd. (a) | 797 | 96,624 |
S-Oil Corp. | 757 | 38,464 |
Thai Oil PCL NVDR | 23,366 | 29,236 |
Turkiye Petrol Rafinerileri AS | 14,529 | 44,583 |
2,623,579 | ||
Oil & Gas Storage & Transportation - 0.2% | ||
Ardmore Shipping Corp. | 1,325 | 16,364 |
China Merchants Energy Shipping Co. Ltd., Class A | 10,900 | 8,680 |
COSCO SHIPPING Energy Transportation Co. Ltd., Class H (a) | 18,000 | 18,113 |
COSCO SHIPPING Energy Transportation Co. Ltd., Class A (a) | 3,600 | 6,255 |
Enbridge, Inc. | 30,700 | 1,142,390 |
FLEX LNG Ltd. | 1,039 | 31,721 |
Golar LNG Ltd. | 3,515 | 70,897 |
Number of Shares | Fair Value | |
Keyera Corp. | 3,300 | $ 76,187 |
Pembina Pipeline Corp. | 8,300 | 261,247 |
Petronet LNG Ltd. | 11,737 | 31,923 |
Qatar Gas Transport Co. Ltd. | 42,816 | 47,910 |
Scorpio Tankers, Inc. | 1,837 | 86,761 |
SFL Corp. Ltd. | 4,105 | 38,300 |
TC Energy Corp. | 15,339 | 620,631 |
Teekay Corp. (a) | 2,195 | 13,258 |
Teekay Tankers Ltd., Class A | 834 | 31,884 |
Ultrapar Participacoes SA | 10,900 | 42,683 |
2,545,204 | ||
Other Specialty Retail - 0.0%* | ||
China Tourism Group Duty Free Corp. Ltd., Class A | 2,100 | 32,005 |
China Tourism Group Duty Free Corp. Ltd., Class H (a)(d) | 700 | 9,497 |
Chow Tai Fook Jewellery Group Ltd. | 29,200 | 52,650 |
Dufry AG (a) | 1,512 | 68,996 |
Hotel Shilla Co. Ltd. | 370 | 20,706 |
Jarir Marketing Co. | 9,820 | 43,404 |
JD Sports Fashion PLC | 40,827 | 75,921 |
JUMBO SA | 1,720 | 47,288 |
Pop Mart International Group Ltd. (d) | 7,200 | 16,051 |
366,518 | ||
Packaged Foods & Meats - 0.3% | ||
Ajinomoto Co., Inc. | 6,900 | 274,418 |
Almarai Co. JSC | 3,485 | 56,453 |
Angel Yeast Co. Ltd., Class A | 500 | 2,492 |
Associated British Foods PLC | 5,314 | 134,709 |
Barry Callebaut AG | 57 | 110,178 |
Britannia Industries Ltd. | 1,532 | 93,938 |
Charoen Pokphand Foods PCL NVDR | 53,869 | 29,951 |
China Feihe Ltd. (d) | 58,568 | 32,688 |
China Huishan Dairy Holdings Co. Ltd. (a)(c)** | 55,000 | — |
China Mengniu Dairy Co. Ltd. (a) | 46,000 | 173,834 |
Chocoladefabriken Lindt & Spruengli AG | 17 | 437,028 |
CJ CheilJedang Corp. | 103 | 21,107 |
Dali Foods Group Co. Ltd. (d) | 17,117 | 7,657 |
Danone SA | 9,748 | 597,282 |
Forafric Global PLC (a) | 183 | 2,007 |
Foshan Haitian Flavouring & Food Co. Ltd., Class A | 3,484 | 22,477 |
Gruma SAB de CV, Class B | 3,010 | 48,225 |
Grupo Bimbo SAB de CV Series A | 18,581 | 99,294 |
Guangdong Haid Group Co. Ltd., Class A | 1,000 | 6,445 |
62 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Henan Shuanghui Investment & Development Co. Ltd., Class A | 3,185 | $ 10,735 |
Indofood CBP Sukses Makmur Tbk PT | 27,600 | 20,848 |
Indofood Sukses Makmur Tbk PT | 65,636 | 32,184 |
Inner Mongolia Yili Industrial Group Co. Ltd., Class A | 7,700 | 30,001 |
JDE Peet's NV | 1,705 | 50,708 |
Kerry Group PLC, Class A | 2,403 | 234,497 |
Kikkoman Corp. | 2,000 | 114,028 |
Marico Ltd. | 7,717 | 50,018 |
MEIJI Holdings Co. Ltd. | 3,300 | 73,569 |
Mowi ASA | 6,744 | 107,201 |
Muyuan Foods Co. Ltd., Class A (a) | 3,920 | 22,727 |
Nestle India Ltd. | 473 | 132,186 |
Nestle Malaysia Bhd | 939 | 26,354 |
Nisshin Seifun Group, Inc. | 3,300 | 40,723 |
Nissin Foods Holdings Co. Ltd. | 1,000 | 82,548 |
Orion Corp. | 377 | 34,382 |
Orkla ASA | 11,076 | 79,790 |
PPB Group Bhd | 10,487 | 35,365 |
QL Resources Bhd | 12,588 | 14,456 |
Salmar ASA | 999 | 40,333 |
Saputo, Inc. | 3,700 | 82,990 |
Savola Group | 4,442 | 49,406 |
SunOpta, Inc. (a) | 3,200 | 21,408 |
Tata Consumer Products Ltd. | 8,046 | 84,598 |
Tingyi Cayman Islands Holding Corp. | 30,000 | 46,710 |
Uni-President China Holdings Ltd. | 28,000 | 23,611 |
Uni-President Enterprises Corp. | 68,000 | 166,724 |
Universal Robina Corp. | 14,460 | 36,096 |
Want Want China Holdings Ltd. | 77,000 | 51,209 |
Wens Foodstuffs Group Co. Ltd., Class A | 8,800 | 22,226 |
WH Group Ltd. (d) | 131,666 | 70,116 |
Yakult Honsha Co. Ltd. | 1,900 | 119,968 |
Yihai International Holding Ltd. (a) | 4,364 | 9,399 |
Yihai Kerry Arawana Holdings Co. Ltd., Class A | 1,000 | 5,509 |
4,172,806 | ||
Paper & Plastic Packaging Products & Materials - 0.0%* | ||
Klabin SA | 11,900 | 53,703 |
SCG Packaging PCL NVDR | 14,842 | 15,621 |
SIG Group AG (a) | 4,547 | 125,675 |
Smurfit Kappa Group PLC | 3,991 | 133,175 |
328,174 |
Number of Shares | Fair Value | |
Paper Products - 0.1% | ||
Empresas CMPC SA | 11,722 | $ 22,417 |
Holmen AB, Class B | 1,356 | 48,664 |
Indah Kiat Pulp & Paper Tbk PT | 24,700 | 14,040 |
Mondi PLC | 7,238 | 110,543 |
Nine Dragons Paper Holdings Ltd. (a) | 35,310 | 21,799 |
Oji Holdings Corp. | 13,800 | 51,513 |
Stora Enso Oyj, R Shares | 8,795 | 102,021 |
Suzano SA | 10,800 | 99,000 |
UPM-Kymmene Oyj | 8,057 | 240,029 |
710,026 | ||
Passenger Airlines - 0.1% | ||
Air Canada (a) | 2,700 | 50,990 |
Air China Ltd., Class H (a) | 18,000 | 12,858 |
Air China Ltd., Class A A Shares (a) | 12,700 | 14,404 |
ANA Holdings, Inc. (a) | 2,300 | 54,696 |
China Airlines Ltd. | 50,000 | 42,222 |
China Eastern Airlines Corp. Ltd., Class A (a) | 12,400 | 8,122 |
China Southern Airlines Co. Ltd., Class H (a) | 20,000 | 11,322 |
China Southern Airlines Co. Ltd., Class A (a) | 11,600 | 9,621 |
Deutsche Lufthansa AG (a) | 9,518 | 97,575 |
Eva Airways Corp. | 42,000 | 53,883 |
InterGlobe Aviation Ltd. (a)(d) | 1,049 | 33,639 |
Japan Airlines Co. Ltd. | 2,014 | 43,598 |
Korean Air Lines Co. Ltd. | 2,733 | 50,700 |
Pegasus Hava Tasimaciligi AS (a) | 685 | 16,233 |
Qantas Airways Ltd. (a) | 12,896 | 53,402 |
Singapore Airlines Ltd. | 21,300 | 112,769 |
Turk Hava Yollari AO (a) | 7,967 | 59,223 |
725,257 | ||
Passenger Ground Transportation - 0.0%* | ||
Grab Holdings Ltd., Class A (a) | 28,700 | 98,441 |
Localiza Rent a Car SA | 8,535 | 121,196 |
219,637 | ||
Personal Care Products - 0.4% | ||
Amorepacific Corp. | 448 | 33,347 |
Beiersdorf AG | 1,518 | 200,982 |
By-health Co. Ltd., Class A | 1,000 | 3,300 |
Colgate-Palmolive India Ltd. | 1,796 | 37,002 |
Dabur India Ltd. | 8,930 | 62,467 |
Godrej Consumer Products Ltd. (a) | 5,897 | 77,808 |
Hengan International Group Co. Ltd. | 9,980 | 42,077 |
State Street Total Return V.I.S. Fund | 63 |
Number of Shares | Fair Value | |
Hindustan Unilever Ltd. | 11,713 | $ 382,956 |
Kao Corp. | 7,000 | 253,607 |
Kobayashi Pharmaceutical Co. Ltd. | 800 | 43,427 |
Kose Corp. | 500 | 47,985 |
LG H&H Co. Ltd. | 135 | 47,178 |
L'Oreal SA | 3,649 | 1,701,860 |
Natura & Co. Holding SA (a) | 15,000 | 52,052 |
Shiseido Co. Ltd. | 6,000 | 271,527 |
Unilever PLC | 38,280 | 1,995,521 |
5,253,096 | ||
Pharmaceuticals - 1.2% | ||
Aspen Pharmacare Holdings Ltd. | 5,616 | 54,587 |
Astellas Pharma, Inc. | 27,800 | 413,323 |
AstraZeneca PLC | 23,501 | 3,372,552 |
Asymchem Laboratories Tianjin Co. Ltd., Class A | 232 | 3,767 |
Aurobindo Pharma Ltd. | 3,446 | 30,604 |
Bayer AG | 14,937 | 826,687 |
Beijing Tongrentang Co. Ltd., Class A | 1,700 | 13,467 |
Betta Pharmaceuticals Co. Ltd., Class A | 600 | 3,968 |
Celltrion Pharm, Inc. (a) | 226 | 13,182 |
Changchun High & New Technology Industry Group, Inc., Class A | 300 | 5,634 |
China Medical System Holdings Ltd. | 24,000 | 39,157 |
China Resources Pharmaceutical Group Ltd. (d) | 17,000 | 14,838 |
China Resources Sanjiu Medical & Pharmaceutical Co. Ltd., Class A | 1,600 | 13,341 |
China Traditional Chinese Medicine Holdings Co. Ltd. | 30,000 | 14,008 |
Chugai Pharmaceutical Co. Ltd. | 10,100 | 287,160 |
Cipla Ltd. | 6,975 | 86,422 |
CSPC Pharmaceutical Group Ltd. | 130,000 | 113,127 |
Daiichi Sankyo Co. Ltd. | 28,000 | 888,202 |
Dong-E-E-Jiao Co. Ltd., Class A | 400 | 2,942 |
Dr Reddy's Laboratories Ltd. | 1,647 | 103,728 |
Eisai Co. Ltd. | 3,800 | 257,114 |
Hanmi Pharm Co. Ltd. | 84 | 19,736 |
Hansoh Pharmaceutical Group Co. Ltd. (d) | 12,000 | 19,346 |
Hikma Pharmaceuticals PLC | 2,397 | 57,745 |
Humanwell Healthcare Group Co. Ltd., Class A | 2,200 | 8,158 |
Hypera SA | 6,200 | 59,134 |
Ipsen SA | 592 | 71,250 |
Number of Shares | Fair Value | |
Jiangsu Hengrui Pharmaceuticals Co. Ltd., Class A | 6,820 | $ 44,957 |
Kalbe Farma Tbk PT | 246,000 | 33,666 |
Kyowa Kirin Co. Ltd. | 4,000 | 74,018 |
Lupin Ltd. | 3,814 | 42,024 |
Merck KGaA | 1,956 | 323,717 |
Nanjing King-Friend Biochemical Pharmaceutical Co. Ltd., Class A | 520 | 967 |
Nippon Shinyaku Co. Ltd. | 700 | 28,592 |
Novartis AG | 31,078 | 3,134,666 |
Novo Nordisk AS, Class B | 25,104 | 4,054,490 |
Ono Pharmaceutical Co. Ltd. | 5,800 | 104,478 |
Orion Oyj, Class B | 1,574 | 65,311 |
Otsuka Holdings Co. Ltd. | 5,900 | 216,062 |
Recordati Industria Chimica e Farmaceutica SpA | 1,537 | 73,413 |
Richter Gedeon Nyrt | 2,021 | 49,821 |
Scilex Holding Co. (a) | 1,832 | 10,204 |
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H (a) | 4,500 | 12,055 |
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class A (a) | 1,500 | 6,389 |
Shijiazhuang Yiling Pharmaceutical Co. Ltd., Class A | 3,300 | 11,678 |
Shionogi & Co. Ltd. | 4,000 | 168,438 |
Sino Biopharmaceutical Ltd. | 151,000 | 65,971 |
SK Biopharmaceuticals Co. Ltd. (a) | 382 | 23,540 |
Sun Pharmaceutical Industries Ltd. | 13,513 | 173,372 |
Takeda Pharmaceutical Co. Ltd. | 23,900 | 749,752 |
Teva Pharmaceutical Industries Ltd. ADR (a) | 16,500 | 124,245 |
Torrent Pharmaceuticals Ltd. | 1,128 | 26,231 |
UCB SA | 1,898 | 168,243 |
Yuhan Corp. | 884 | 40,579 |
Yunnan Baiyao Group Co. Ltd., Class A | 1,400 | 10,110 |
Zhangzhou Pientzehuang Pharmaceutical Co. Ltd., Class A | 400 | 15,777 |
Zhejiang Huahai Pharmaceutical Co. Ltd., Class A | 2,600 | 6,586 |
Zhejiang NHU Co. Ltd., Class A | 2,592 | 5,493 |
16,658,024 | ||
Precious Metals & Minerals - 0.0%* | ||
Alrosa PJSC (a)(c)** | 46,308 | — |
Anglo American Platinum Ltd. | 778 | 35,038 |
Impala Platinum Holdings Ltd. | 12,142 | 80,591 |
64 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Industrias Penoles SAB de CV (a) | 2,400 | $ 33,645 |
Northam Platinum Holdings Ltd. (a) | 4,788 | 31,803 |
Sibanye Stillwater Ltd. | 40,362 | 62,021 |
243,098 | ||
Property & Casualty Insurance - 0.2% | ||
Admiral Group PLC | 3,257 | 86,349 |
DB Insurance Co. Ltd. | 667 | 37,884 |
Fairfax Financial Holdings Ltd. | 342 | 256,462 |
ICICI Lombard General Insurance Co. Ltd. (d) | 3,520 | 57,741 |
Insurance Australia Group Ltd. | 36,409 | 138,355 |
Intact Financial Corp. | 2,617 | 404,520 |
Kingsway Financial Services, Inc. (a) | 371 | 3,024 |
MS&AD Insurance Group Holdings, Inc. | 6,500 | 229,798 |
People's Insurance Co. Group of China Ltd., Class H | 134,000 | 48,668 |
People's Insurance Co. Group of China Ltd., Class A | 10,900 | 8,760 |
PICC Property & Casualty Co. Ltd., Class H | 100,000 | 111,337 |
QBE Insurance Group Ltd. | 22,378 | 233,470 |
Samsung Fire & Marine Insurance Co. Ltd. | 445 | 77,655 |
Sompo Holdings, Inc. | 4,700 | 210,535 |
Suncorp Group Ltd. | 18,921 | 169,882 |
Tokio Marine Holdings, Inc. | 27,200 | 626,015 |
Tryg AS | 5,374 | 116,356 |
2,816,811 | ||
Publishing - 0.0%* | ||
China Literature Ltd. (a)(d) | 4,400 | 18,556 |
Saudi Research & Media Group (a) | 633 | 31,953 |
50,509 | ||
Rail Transportation - 0.3% | ||
Aurizon Holdings Ltd. | 26,833 | 70,148 |
Beijing-Shanghai High Speed Railway Co. Ltd., Class A | 27,500 | 19,909 |
BTS Group Holdings PCL NVDR | 141,626 | 29,802 |
Canadian National Railway Co. | 8,600 | 1,042,594 |
Canadian Pacific Kansas City Ltd. | 14,100 | 1,140,147 |
Central Japan Railway Co. | 2,200 | 275,183 |
Container Corp. Of India Ltd. | 4,866 | 39,332 |
Daqin Railway Co. Ltd., Class A | 9,300 | 9,507 |
East Japan Railway Co. | 4,600 | 254,662 |
Number of Shares | Fair Value | |
Hankyu Hanshin Holdings, Inc. | 3,600 | $ 118,833 |
Keio Corp. | 1,600 | 50,247 |
Keisei Electric Railway Co. Ltd. | 1,900 | 78,623 |
Kintetsu Group Holdings Co. Ltd. | 2,800 | 96,809 |
MTR Corp. Ltd. | 23,000 | 105,874 |
Odakyu Electric Railway Co. Ltd. | 4,600 | 61,536 |
Rumo SA | 18,400 | 84,677 |
Tobu Railway Co. Ltd. | 2,800 | 74,952 |
Tokyu Corp. | 7,900 | 95,123 |
West Japan Railway Co. | 3,300 | 137,026 |
3,784,984 | ||
Real Estate Development - 0.1% | ||
C&D International Investment Group Ltd. | 7,000 | 15,962 |
China Evergrande Group (a)(c) | 87,000 | 1,832 |
China Jinmao Holdings Group Ltd. | 64,972 | 9,578 |
China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A | 11,200 | 20,078 |
China Overseas Land & Investment Ltd. | 55,500 | 121,405 |
China Resources Land Ltd. | 46,000 | 195,746 |
China Vanke Co. Ltd., Class H | 26,700 | 35,965 |
China Vanke Co. Ltd., Class A | 12,500 | 24,098 |
CK Asset Holdings Ltd. | 29,586 | 164,390 |
Country Garden Holdings Co. Ltd. (a) | 178,298 | 36,368 |
Dar Al Arkan Real Estate Development Co. (a) | 8,773 | 36,237 |
Emaar Economic City (a) | 5,150 | 12,904 |
Emaar Properties PJSC | 94,535 | 166,164 |
Gemdale Corp., Class A | 1,500 | 1,487 |
Godrej Properties Ltd. (a) | 1,425 | 27,315 |
Greentown China Holdings Ltd. | 8,000 | 8,046 |
Henderson Land Development Co. Ltd. | 21,000 | 62,534 |
Land & Houses PCL NVDR | 150,231 | 35,851 |
Longfor Group Holdings Ltd. (d) | 26,968 | 65,849 |
Poly Developments & Holdings Group Co. Ltd., Class A | 14,400 | 25,803 |
Ruentex Development Co. Ltd. | 29,500 | 34,151 |
Seazen Holdings Co. Ltd., Class A (a) | 1,400 | 2,777 |
Shimao Group Holdings Ltd. (a)(c) | 16,102 | 2,270 |
State Street Total Return V.I.S. Fund | 65 |
Number of Shares | Fair Value | |
Sino Land Co. Ltd. | 51,480 | $ 63,373 |
Yuexiu Property Co. Ltd. | 30,981 | 36,095 |
1,206,278 | ||
Real Estate Operating Companies - 0.1% | ||
Azrieli Group Ltd. | 711 | 40,120 |
Capitaland Investment Ltd. | 38,700 | 95,017 |
Central Pattana PCL NVDR | 28,578 | 52,912 |
China Resources Mixc Lifestyle Services Ltd. (d) | 7,200 | 35,862 |
Country Garden Services Holdings Co. Ltd. | 31,715 | 41,152 |
Fastighets AB Balder, Class B (a) | 9,653 | 35,293 |
Greentown Service Group Co. Ltd. | 20,000 | 9,583 |
Hang Lung Properties Ltd. | 26,000 | 40,231 |
Hongkong Land Holdings Ltd. | 17,600 | 68,820 |
Hulic Co. Ltd. | 6,500 | 55,602 |
LEG Immobilien SE (a) | 1,079 | 62,246 |
Mabanee Co. KPSC | 7,478 | 20,603 |
NEPI Rockcastle NV | 5,600 | 32,747 |
Sagax AB, Class B | 2,995 | 59,139 |
SM Prime Holdings, Inc. | 125,100 | 74,658 |
Swire Properties Ltd. | 19,800 | 48,781 |
Swiss Prime Site AG | 1,222 | 106,198 |
Vonovia SE | 10,790 | 210,686 |
Wharf Real Estate Investment Co. Ltd. | 25,000 | 125,424 |
Zhejiang China Commodities City Group Co. Ltd., Class A | 9,800 | 11,506 |
1,226,580 | ||
Real Estate Services - 0.0%* | ||
China Overseas Property Holdings Ltd. | 15,000 | 15,158 |
FirstService Corp. | 600 | 92,509 |
KE Holdings, Inc. ADR (a) | 9,600 | 142,560 |
250,227 | ||
Regional Banks - 0.0%* | ||
AU Small Finance Bank Ltd. (d) | 3,332 | 30,701 |
Bandhan Bank Ltd. (a)(d) | 7,685 | 22,739 |
Bank of Chengdu Co. Ltd., Class A (a) | 400 | 672 |
Bank of Hangzhou Co. Ltd., Class A | 5,547 | 8,973 |
Bank of Jiangsu Co. Ltd., Class A (a) | 21,100 | 21,357 |
Bank of Nanjing Co. Ltd., Class A | 5,600 | 6,166 |
Bank of Ningbo Co. Ltd., Class A | 4,756 | 16,572 |
Banque Cantonale Vaudoise | 510 | 53,893 |
Number of Shares | Fair Value | |
Chiba Bank Ltd. | 9,000 | $ 54,487 |
Concordia Financial Group Ltd. | 15,400 | 60,112 |
First BanCorp | 6,284 | 76,790 |
OFG Bancorp | 1,655 | 43,162 |
Popular, Inc. | 852 | 51,563 |
Resona Holdings, Inc. | 32,400 | 154,873 |
Shizuoka Financial Group, Inc. | 6,400 | 46,160 |
648,220 | ||
Reinsurance - 0.1% | ||
Hannover Rueck SE | 906 | 192,307 |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 2,129 | 799,107 |
RenaissanceRe Holdings Ltd. | 500 | 93,260 |
SiriusPoint Ltd. (a) | 3,022 | 27,289 |
1,111,963 | ||
Renewable Electricity - 0.0%* | ||
Adani Green Energy Ltd. (a) | 5,018 | 57,859 |
China Longyuan Power Group Corp. Ltd., Class H | 49,000 | 50,607 |
China Three Gorges Renewables Group Co. Ltd., Class A | 19,800 | 14,633 |
China Yangtze Power Co. Ltd., Class A | 22,100 | 67,029 |
Corp. ACCIONA Energias Renovables SA | 1,103 | 36,894 |
EDP Renovaveis SA | 4,064 | 81,198 |
Energy Absolute PCL NVDR | 24,620 | 39,647 |
Engie Brasil Energia SA | 3,733 | 35,357 |
Meridian Energy Ltd. | 18,820 | 64,697 |
Northland Power, Inc. | 3,882 | 81,058 |
Sichuan Chuantou Energy Co. Ltd., Class A | 7,500 | 15,532 |
Terna Energy SA | 583 | 12,842 |
557,353 | ||
Research & Consulting Services - 0.2% | ||
BayCurrent Consulting, Inc. | 2,100 | 78,833 |
Bureau Veritas SA | 4,388 | 120,363 |
Intertek Group PLC | 2,410 | 130,780 |
RELX PLC | 28,795 | 961,643 |
SGS SA | 2,247 | 212,663 |
Thomson Reuters Corp. | 2,518 | 340,351 |
Wolters Kluwer NV | 3,904 | 495,614 |
2,340,247 | ||
Restaurants - 0.2% | ||
Americana Restaurants International PLC | 26,020 | 29,965 |
66 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Compass Group PLC | 26,681 | $ 747,946 |
Delivery Hero SE (a)(d) | 2,730 | 120,426 |
Haidilao International Holding Ltd. (d) | 23,000 | 50,858 |
Jiumaojiu International Holdings Ltd. (d) | 14,000 | 23,021 |
Jollibee Foods Corp. | 5,060 | 21,953 |
Jubilant Foodworks Ltd. | 4,745 | 29,068 |
Just Eat Takeaway.com NV (a)(d) | 3,139 | 48,107 |
McDonald's Holdings Co. Japan Ltd. | 1,200 | 46,577 |
Meituan, Class B (a)(d) | 71,207 | 1,116,506 |
Restaurant Brands International, Inc. | 4,500 | 349,288 |
Sodexo SA | 1,324 | 145,769 |
Yum China Holdings, Inc. | 6,000 | 339,000 |
Zomato Ltd. (a) | 48,929 | 44,894 |
3,113,378 | ||
Retail REITs - 0.1% | ||
CapitaLand Integrated Commercial Trust | 84,959 | 120,314 |
Japan Metropolitan Fund Invest | 103 | 68,801 |
Klepierre SA | 3,170 | 78,742 |
Link REIT | 38,168 | 212,470 |
Mapletree Pan Asia Commercial Trust | 39,946 | 48,022 |
RioCan Real Estate Investment Trust | 2,100 | 30,598 |
Scentre Group | 77,327 | 136,651 |
Unibail-Rodamco-Westfield (a) | 1,876 | 98,930 |
Vicinity Ltd. | 61,113 | 75,205 |
869,733 | ||
Security & Alarm Services - 0.0%* | ||
Secom Co. Ltd. | 3,200 | 216,211 |
Securitas AB, Class B | 7,135 | 58,519 |
274,730 | ||
Semiconductor Materials & Equipment - 0.5% | ||
Advanced Micro-Fabrication Equipment, Inc. China, Class A (a) | 339 | 7,328 |
Advantest Corp. | 2,900 | 389,935 |
ASM International NV | 708 | 300,565 |
ASML Holding NV | 6,114 | 4,433,847 |
Daqo New Energy Corp. ADR (a) | 900 | 35,730 |
Disco Corp. | 1,400 | 221,596 |
Flat Glass Group Co. Ltd., Class H | 4,000 | 13,714 |
Flat Glass Group Co. Ltd., Class A | 1,700 | 9,018 |
Number of Shares | Fair Value | |
GCL Technology Holdings Ltd. | 300,000 | $ 69,641 |
Globalwafers Co. Ltd. | 3,000 | 48,146 |
Hangzhou First Applied Material Co. Ltd., Class A | 1,372 | 7,025 |
Kulicke & Soffa Industries, Inc. | 1,963 | 116,700 |
Lasertec Corp. | 1,100 | 165,952 |
NAURA Technology Group Co. Ltd., Class A | 300 | 13,152 |
Shenzhen SC New Energy Technology Corp., Class A | 100 | 1,548 |
SUMCO Corp. | 5,200 | 73,651 |
TCL Zhonghuan Renewable Energy Technology Co. Ltd., Class A | 5,500 | 25,136 |
Tokyo Electron Ltd. | 6,800 | 977,767 |
Xinyi Solar Holdings Ltd. | 71,985 | 83,568 |
Zhejiang Jingsheng Mechanical & Electrical Co. Ltd., Class A | 1,900 | 18,584 |
7,012,603 | ||
Semiconductors - 0.8% | ||
Allegro MicroSystems, Inc. (a) | 700 | 31,598 |
ASE Technology Holding Co. Ltd. | 41,000 | 145,802 |
Cambricon Technologies Corp. Ltd., Class A A Shares (a) | 348 | 9,035 |
China Resources Microelectronics Ltd., Class A | 1,955 | 14,116 |
eMemory Technology, Inc. | 1,000 | 71,575 |
GigaDevice Semiconductor, Inc., Class A | 560 | 8,210 |
Global Unichip Corp. | 1,000 | 51,758 |
Hangzhou Silan Microelectronics Co. Ltd., Class A | 1,100 | 4,587 |
Hua Hong Semiconductor Ltd. (a)(d) | 10,000 | 32,902 |
Inari Amertron Bhd | 56,500 | 33,325 |
indie Semiconductor, Inc., Class A (a) | 4,803 | 45,148 |
Infineon Technologies AG | 19,837 | 816,782 |
Ingenic Semiconductor Co. Ltd., Class A | 600 | 7,305 |
JA Solar Technology Co. Ltd., Class A | 4,268 | 24,483 |
JCET Group Co. Ltd., Class A | 2,000 | 8,593 |
LONGi Green Energy Technology Co. Ltd., Class A | 7,836 | 30,958 |
MediaTek, Inc. | 21,000 | 464,853 |
Montage Technology Co. Ltd., Class A | 361 | 2,859 |
Nanya Technology Corp. | 15,000 | 34,196 |
State Street Total Return V.I.S. Fund | 67 |
Number of Shares | Fair Value | |
Novatek Microelectronics Corp. | 8,886 | $ 122,006 |
Powerchip Semiconductor Manufacturing Corp. | 45,000 | 44,921 |
Realtek Semiconductor Corp. | 7,040 | 87,779 |
Renesas Electronics Corp. (a) | 19,500 | 367,399 |
Rohm Co. Ltd. | 1,400 | 132,394 |
SG Micro Corp., Class A | 195 | 2,207 |
Shanghai Fudan Microelectronics Group Co. Ltd., Class H | 3,000 | 7,401 |
Silergy Corp. | 4,888 | 60,891 |
SK Hynix, Inc. | 7,581 | 666,100 |
StarPower Semiconductor Ltd., Class A | 100 | 2,967 |
STMicroelectronics NV | 10,357 | 516,444 |
Taiwan Semiconductor Manufacturing Co. Ltd. | 344,558 | 6,365,112 |
Tianshui Huatian Technology Co. Ltd., Class A | 700 | 888 |
Tongwei Co. Ltd., Class A | 3,300 | 15,598 |
Tower Semiconductor Ltd. (a) | 1,606 | 59,253 |
Trina Solar Co. Ltd., Class A | 1,600 | 9,389 |
Unigroup Guoxin Microelectronics Co. Ltd., Class A | 419 | 5,385 |
United Microelectronics Corp. | 158,000 | 248,251 |
Vanguard International Semiconductor Corp. | 8,330 | 23,656 |
Will Semiconductor Co. Ltd. Shanghai, Class A | 540 | 7,307 |
Win Semiconductors Corp. | 4,000 | 21,186 |
Winbond Electronics Corp. (a) | 47,000 | 41,571 |
10,646,190 | ||
Silver - 0.0%* | ||
Pan American Silver Corp. | 5,400 | 78,761 |
Soft Drinks & Non-alcoholic Beverages - 0.1% | ||
Arca Continental SAB de CV | 6,000 | 61,552 |
Carabao Group PCL NVDR | 1,735 | 3,212 |
Coca-Cola Europacific Partners PLC | 3,100 | 199,733 |
Coca-Cola Femsa SAB de CV | 7,420 | 61,902 |
Coca-Cola HBC AG (a) | 3,198 | 95,497 |
Fomento Economico Mexicano SAB de CV | 27,800 | 307,217 |
Nongfu Spring Co. Ltd., Class H (d) | 25,600 | 141,673 |
Osotspa PCL | 21,800 | 18,292 |
Suntory Beverage & Food Ltd. | 2,000 | 72,383 |
Varun Beverages Ltd. | 6,442 | 63,170 |
1,024,631 |
Number of Shares | Fair Value | |
Specialized Consumer Services - 0.0%* | ||
OneSpaWorld Holdings Ltd. (a) | 2,544 | $ 30,782 |
Specialized Finance - 0.0%* | ||
Banco Latinoamericano de Comercio Exterior SA Class E | 884 | 19,501 |
Chailease Holding Co. Ltd. (a) | 19,805 | 130,214 |
Element Fleet Management Corp. | 6,200 | 94,552 |
Far East Horizon Ltd. | 23,000 | 18,243 |
Mitsubishi HC Capital, Inc. | 13,500 | 80,022 |
342,532 | ||
Specialty Chemicals - 0.3% | ||
Akzo Nobel NV | 2,553 | 208,678 |
Arkema SA | 825 | 77,780 |
Asian Paints Ltd. | 5,540 | 227,494 |
Chengxin Lithium Group Co. Ltd., Class A | 500 | 2,196 |
Chr Hansen Holding AS | 1,687 | 117,254 |
Clariant AG (a) | 3,686 | 53,347 |
Covestro AG (a)(d) | 2,885 | 150,087 |
Croda International PLC | 2,098 | 150,134 |
Dongyue Group Ltd. | 17,000 | 12,768 |
DSM-Firmenich AG (a) | 2,644 | 284,480 |
EMS-Chemie Holding AG | 111 | 84,155 |
Evonik Industries AG | 3,074 | 58,564 |
Ganfeng Lithium Group Co. Ltd., Class A | 940 | 7,914 |
Ganfeng Lithium Group Co. Ltd., Class H (a)(d) | 5,840 | 38,301 |
Givaudan SA | 140 | 464,579 |
Hoshine Silicon Industry Co. Ltd., Class A | 200 | 1,929 |
Johnson Matthey PLC | 2,688 | 59,736 |
JSR Corp. | 2,561 | 73,471 |
Nippon Paint Holdings Co. Ltd. | 14,500 | 119,803 |
Nitto Denko Corp. | 2,300 | 170,436 |
Novozymes AS, Class B | 3,051 | 142,329 |
Shanghai Putailai New Energy Technology Co. Ltd., Class A | 1,798 | 9,470 |
Shenzhen Capchem Technology Co. Ltd., Class A | 180 | 1,288 |
Shin-Etsu Chemical Co. Ltd. | 27,600 | 920,803 |
Sika AG | 2,217 | 635,234 |
SK IE Technology Co. Ltd. (a)(d) | 261 | 19,336 |
Symrise AG | 2,002 | 209,876 |
Tianqi Lithium Corp., Class A | 700 | 6,754 |
Umicore SA | 3,339 | 93,339 |
Wacker Chemie AG | 280 | 38,458 |
68 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Wanhua Chemical Group Co. Ltd., Class A | 3,300 | $ 39,872 |
4,479,865 | ||
Steel - 0.2% | ||
ArcelorMittal SA | 7,230 | 197,228 |
Baoshan Iron & Steel Co. Ltd., Class A | 26,900 | 20,798 |
BlueScope Steel Ltd. | 7,374 | 101,411 |
China Steel Corp. | 169,000 | 159,811 |
Cia Siderurgica Nacional SA | 12,100 | 30,426 |
Eregli Demir ve Celik Fabrikalari TAS (a) | 22,053 | 31,237 |
Fortescue Metals Group Ltd. | 25,622 | 379,912 |
Hyundai Steel Co. | 1,347 | 34,710 |
Inner Mongolia BaoTou Steel Union Co. Ltd., Class A (a) | 42,400 | 10,452 |
JFE Holdings, Inc. | 7,300 | 104,191 |
Jindal Steel & Power Ltd. | 6,356 | 45,172 |
JSW Steel Ltd. | 7,020 | 67,363 |
Kumba Iron Ore Ltd. | 1,082 | 25,346 |
Nippon Steel Corp. | 12,200 | 254,913 |
Novolipetsk Steel PJSC GDR (a)(c)** | 2,290 | — |
Novolipetsk Steel PJSC (a)(c)** | 4,980 | — |
Pangang Group Vanadium Titanium & Resources Co. Ltd., Class A (a) | 10,100 | 5,439 |
POSCO Holdings, Inc. | 1,033 | 305,718 |
Severstal PAO GDR (a)(c)** | 3,070 | — |
Severstal PAO (a)(c)** | 695 | — |
Shanxi Meijin Energy Co. Ltd., Class A (a) | 3,500 | 3,636 |
Shanxi Taigang Stainless Steel Co. Ltd., Class A | 6,700 | 3,571 |
Tata Steel Ltd. | 104,993 | 143,853 |
Vale SA | 46,540 | 619,569 |
voestalpine AG | 1,686 | 60,577 |
YongXing Special Materials Technology Co. Ltd., Class A | 260 | 2,246 |
2,607,579 | ||
Systems Software - 0.0%* | ||
360 Security Technology, Inc., Class A (a) | 4,700 | 8,118 |
Check Point Software Technologies Ltd. (a) | 1,403 | 176,245 |
Oracle Corp. Japan | 637 | 47,297 |
Sangfor Technologies, Inc., Class A (a) | 300 | 4,683 |
Tata Elxsi Ltd. | 550 | 51,072 |
TOTVS SA | 7,738 | 48,090 |
Trend Micro, Inc. | 2,100 | 101,485 |
436,990 |
Number of Shares | Fair Value | |
Technology Distributors - 0.0%* | ||
Synnex Technology International Corp. | 21,178 | $ 39,500 |
Unisplendour Corp. Ltd., Class A | 3,100 | 13,607 |
WPG Holdings Ltd. | 25,938 | 45,637 |
98,744 | ||
Technology Hardware, Storage & Peripherals - 0.5% | ||
Acer, Inc. | 44,000 | 44,397 |
Advantech Co. Ltd. | 6,000 | 78,994 |
Asustek Computer, Inc. | 10,053 | 101,777 |
Brother Industries Ltd. | 3,300 | 48,221 |
Canon, Inc. | 15,100 | 396,269 |
Catcher Technology Co. Ltd. | 10,000 | 56,421 |
Compal Electronics, Inc. | 64,225 | 60,406 |
CosmoAM&T Co. Ltd. (a) | 334 | 47,703 |
FUJIFILM Holdings Corp. | 5,715 | 339,952 |
Inspur Electronic Information Industry Co. Ltd., Class A | 2,700 | 18,001 |
Inventec Corp. | 39,249 | 54,565 |
Lenovo Group Ltd. | 106,000 | 111,066 |
Lite-On Technology Corp. ADR | 28,693 | 95,546 |
Logitech International SA | 2,598 | 155,131 |
Micro-Star International Co. Ltd. | 10,000 | 56,862 |
Ninestar Corp., Class A | 1,200 | 5,659 |
Pegatron Corp. | 30,251 | 72,832 |
Quanta Computer, Inc. | 39,507 | 192,947 |
Ricoh Co. Ltd. | 8,600 | 73,166 |
Samsung Electronics Co. Ltd. | 66,880 | 3,682,629 |
Seiko Epson Corp. | 4,400 | 68,580 |
Shenzhen Transsion Holdings Co. Ltd., Class A | 350 | 7,084 |
Wistron Corp. | 39,000 | 113,793 |
Wiwynn Corp. | 1,000 | 45,702 |
Xiaomi Corp., Class B (a)(d) | 219,800 | 302,187 |
6,229,890 | ||
Textiles - 0.0%* | ||
Eclat Textile Co. Ltd. | 3,000 | 48,241 |
Tires & Rubber - 0.1% | ||
Balkrishna Industries Ltd. | 1,229 | 35,573 |
Bridgestone Corp. | 8,596 | 352,552 |
Cheng Shin Rubber Industry Co. Ltd. | 20,000 | 25,835 |
Cie Generale des Etablissements Michelin SCA | 10,260 | 303,449 |
Hankook Tire & Technology Co. Ltd. | 1,305 | 34,238 |
MRF Ltd. | 20 | 24,718 |
Sailun Group Co. Ltd., Class A | 2,300 | 3,606 |
State Street Total Return V.I.S. Fund | 69 |
Number of Shares | Fair Value | |
Shandong Linglong Tyre Co. Ltd., Class A | 1,500 | $ 4,586 |
784,557 | ||
Tobacco - 0.2% | ||
British American Tobacco PLC | 32,347 | 1,075,886 |
Imperial Brands PLC | 13,539 | 299,997 |
ITC Ltd. | 41,923 | 231,164 |
Japan Tobacco, Inc. | 18,200 | 398,027 |
KT&G Corp. | 1,295 | 81,348 |
Smoore International Holdings Ltd. (d) | 32,000 | 32,657 |
2,119,079 | ||
Trading Companies & Distributors - 0.4% | ||
Adani Enterprises Ltd. | 2,217 | 64,767 |
AerCap Holdings NV (a) | 2,500 | 158,800 |
Ashtead Group PLC | 6,649 | 461,471 |
Beijer Ref AB | 5,842 | 74,512 |
BOC Aviation Ltd. (d) | 2,700 | 21,882 |
Brenntag SE | 2,323 | 181,203 |
Bunzl PLC | 5,081 | 193,833 |
IMCD NV | 851 | 122,446 |
ITOCHU Corp. | 18,005 | 713,999 |
Marubeni Corp. | 23,400 | 398,167 |
Mitsubishi Corp. | 18,800 | 907,412 |
Mitsui & Co. Ltd. | 20,100 | 759,478 |
MonotaRO Co. Ltd. | 3,900 | 49,722 |
Reece Ltd. | 3,780 | 47,054 |
Sichuan New Energy Power Co. Ltd. (a) | 800 | 1,587 |
Sumitomo Corp. | 17,000 | 360,056 |
Textainer Group Holdings Ltd. | 1,520 | 59,858 |
Toromont Industries Ltd. | 1,300 | 106,918 |
Toyota Tsusho Corp. | 3,200 | 159,658 |
Triton International Ltd. | 1,904 | 158,527 |
5,001,350 | ||
Transaction & Payment Processing Services - 0.1% | ||
Adyen NV (a)(d) | 329 | 569,614 |
Edenred | 3,764 | 252,083 |
EVERTEC, Inc. | 2,279 | 83,936 |
GMO Payment Gateway, Inc. | 700 | 54,817 |
Kakaopay Corp. (a) | 382 | 13,736 |
Nexi SpA (a)(d) | 8,670 | 68,010 |
Nuvei Corp. (a)(d) | 1,100 | 32,520 |
Pagseguro Digital Ltd., Class A (a) | 6,923 | 65,353 |
StoneCo Ltd., Class A (a) | 10,149 | 129,298 |
Wise PLC, Class A (a) | 9,433 | 78,930 |
Worldline SA (a)(d) | 3,565 | 130,526 |
1,478,823 |
Number of Shares | Fair Value | |
Water Utilities - 0.0%* | ||
Beijing Enterprises Water Group Ltd. | 50,000 | $ 11,893 |
Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 5,100 | 59,807 |
Consolidated Water Co. Ltd. | 524 | 12,696 |
Guangdong Investment Ltd. | 48,000 | 41,456 |
Severn Trent PLC | 3,764 | 122,838 |
United Utilities Group PLC | 10,203 | 124,890 |
373,580 | ||
Wireless Telecommunication Services - 0.3% | ||
Advanced Info Service PCL NVDR | 17,107 | 103,364 |
America Movil SAB de CV Series B | 392,800 | 425,998 |
Axiata Group Bhd | 32,600 | 18,541 |
Bharti Airtel Ltd. | 31,792 | 341,023 |
CelecomDigi | 44,300 | 39,042 |
China United Network Communications Ltd., Class A | 33,400 | 22,058 |
Etihad Etisalat Co. | 5,731 | 73,519 |
Far EasTone Telecommunications Co. Ltd. | 24,000 | 60,612 |
Intouch Holdings PCL NVDR | 12,300 | 25,703 |
Intouch Holdings PCL Series F | 6,200 | 12,940 |
KDDI Corp. | 22,608 | 697,046 |
Maxis Bhd | 27,100 | 23,833 |
Mobile Telecommunications Co. KSCP | 33,002 | 55,818 |
Mobile Telecommunications Co. Saudi Arabia (a) | 8,107 | 30,606 |
Mobile TeleSystems PJSC ADR (a)(c)** | 6,600 | — |
Mobile TeleSystems PJSC (c)** | 3,970 | — |
MTN Group Ltd. | 24,227 | 177,345 |
PLDT, Inc. | 960 | 22,742 |
Rogers Communications, Inc., Class B | 5,300 | 242,080 |
SoftBank Corp. | 43,600 | 465,105 |
SoftBank Group Corp. | 15,600 | 734,468 |
Taiwan Mobile Co. Ltd. | 24,946 | 76,625 |
Tele2 AB, Class B | 8,398 | 69,351 |
TELUS Corp. | 360 | 7,014 |
TIM SA | 10,600 | 32,125 |
Turkcell Iletisim Hizmetleri AS | 18,021 | 25,092 |
Vodacom Group Ltd. | 8,794 | 54,595 |
Vodafone Group PLC | 352,017 | 332,245 |
4,168,890 | ||
Total Common Stock (Cost $330,880,916) | 340,893,425 |
70 | State Street Total Return V.I.S. Fund |
Number of Shares | Fair Value | |
Preferred Stock - 0.2% | ||
Automobile Manufacturers - 0.1% | ||
Bayerische Motoren Werke AG 8.22% | 944 | $ 107,554 |
Dr Ing hc F Porsche AG 0.89% (a)(d) | 1,715 | 213,013 |
Hyundai Motor Co. 5.56% | 595 | 49,695 |
Hyundai Motor Co. 5.56% | 262 | 21,684 |
Porsche Automobil Holding SE 4.64% (a) | 2,287 | 137,811 |
Volkswagen AG 22.62% | 3,164 | 425,394 |
955,151 | ||
Commodity Chemicals - 0.0%* | ||
LG Chem Ltd. 2.86% | 89 | 23,909 |
Diversified Banks - 0.1% | ||
Banco Bradesco SA 6.13% | 79,721 | 271,851 |
Bancolombia SA 11.89% | 4,359 | 29,218 |
Itau Unibanco Holding SA 5.39% | 69,300 | 408,273 |
Itausa SA 5.96% | 71,738 | 143,357 |
852,699 | ||
Diversified Capital Markets - 0.0%* | ||
Banco BTG Pactual SA 1.90% | 4 | 7 |
Electric Utilities - 0.0%* | ||
Centrais Eletricas Brasileiras SA 3.36% | 4,600 | 42,453 |
Cia Energetica de Minas Gerais 8.78% | 21,029 | 56,060 |
98,513 | ||
Fertilizers & Agricultural Chemicals - 0.0%* | ||
Sociedad Quimica y Minera de Chile SA 11.90% | 2,065 | 150,338 |
Household Products - 0.0%* | ||
Henkel AG & Co. KGaA 2.52% | 2,536 | 202,783 |
Integrated Oil & Gas - 0.0%* | ||
Petroleo Brasileiro SA 16.50% | 63,700 | 389,938 |
Surgutneftegas PJSC 11.33% (c)** | 115,200 | — |
389,938 | ||
Life Sciences Tools & Services - 0.0%* | ||
Sartorius AG 0.45% | 391 | 135,440 |
Steel - 0.0%* | ||
Gerdau SA 13.66% | 16,580 | 86,165 |
Number of Shares | Fair Value | |
Technology Hardware, Storage & Peripherals - 0.0%* | ||
Samsung Electronics Co. Ltd. 1.82% | 11,269 | $ 511,379 |
Total Preferred Stock (Cost $3,256,510) | 3,406,322 | |
Warrants - 0.0% * | ||
Rail Transportation - 0.0% | ||
BTS Group Holdings PCL (expiring 07/11/24) (a) | 9,760 | 30 |
BTS Group Holdings PCL (expiring 20/11/26) (a) | 19,520 | 83 |
Total Warrants (Cost $0) | 113 | |
Total Foreign Equity (Cost $334,137,426) | 344,299,860 | |
Principal Amount | ||
Bonds and Notes - 14.8% | ||
U.S. Treasuries - 8.9% | ||
U.S. Treasury Bonds | ||
1.25% 05/15/50 (e) | $ 200,000 | 112,500 |
1.63% 11/15/50 (e) | 200,000 | 124,281 |
1.88% 02/15/51 - 11/15/51 (e) | 575,000 | 380,445 |
2.00% 02/15/50 - 08/15/51 (e) | 1,000,000 | 683,938 |
2.25% 08/15/46 - 02/15/52 (e) | 1,115,000 | 812,587 |
2.38% 11/15/49 - 05/15/51 (e) | 665,000 | 495,797 |
2.50% 02/15/45 - 05/15/46 (e) | 485,000 | 374,520 |
2.75% 11/15/42 - 11/15/47 (e) | 675,000 | 545,719 |
2.88% 08/15/45 - 05/15/52 (e) | 1,135,000 | 938,783 |
3.00% 11/15/44 - 08/15/52 (e) | 2,350,000 | 1,986,753 |
3.13% 02/15/43 - 05/15/48 (e) | 800,000 | 693,078 |
3.38% 08/15/42 - 11/15/48 (e) | 975,000 | 882,610 |
3.63% 02/15/44 - 05/15/53 (e) | 765,000 | 731,647 |
3.88% 02/15/43 - 05/15/43 (e) | 250,000 | 243,906 |
4.00% 11/15/42 - 11/15/52 (e) | 1,175,000 | 1,185,844 |
4.25% 05/15/39 - 11/15/40 (e) | 200,000 | 208,578 |
4.38% 02/15/38 - 05/15/40 (e) | 200,000 | 212,078 |
4.50% 02/15/36 (e) | 100,000 | 107,844 |
4.63% 02/15/40 (e) | 100,000 | 108,984 |
5.25% 02/15/29 (e) | 200,000 | 210,656 |
5.50% 08/15/28 (e) | 200,000 | 211,844 |
State Street Total Return V.I.S. Fund | 71 |
Principal Amount | Fair Value | |
6.00% 02/15/26 (e) | $ 427,000 | $ 440,410 |
6.13% 08/15/29 (e) | 200,000 | 221,797 |
6.38% 08/15/27 (e) | 200,000 | 215,266 |
7.63% 02/15/25 (e) | 200,000 | 207,453 |
U.S. Treasury Inflation-Indexed Bonds | ||
0.13% 02/15/51 - 02/15/52 | 1,785,987 | 1,189,608 |
0.25% 02/15/50 | 802,208 | 561,861 |
0.63% 02/15/43 | 798,117 | 655,624 |
0.75% 02/15/42 - 02/15/45 | 2,422,310 | 2,031,372 |
0.88% 02/15/47 | 854,427 | 717,926 |
1.00% 02/15/46 - 02/15/49 | 1,927,006 | 1,665,146 |
1.38% 02/15/44 | 1,119,238 | 1,055,368 |
1.50% 02/15/53 | 520,394 | 507,087 |
1.75% 01/15/28 | 760,100 | 751,671 |
2.00% 01/15/26 | 764,095 | 754,163 |
2.13% 02/15/40 - 02/15/41 | 1,211,840 | 1,302,082 |
2.38% 01/15/25 - 01/15/27 | 2,546,508 | 2,536,189 |
2.50% 01/15/29 | 1,059,548 | 1,092,107 |
3.38% 04/15/32 | 427,200 | 486,441 |
3.63% 04/15/28 | 993,914 | 1,067,411 |
3.88% 04/15/29 | 1,199,276 | 1,325,838 |
U.S. Treasury Inflation-Indexed Notes | ||
0.13% 07/15/24 - 01/15/32 | 25,088,733 | 23,113,241 |
0.13% 04/15/25 (e) | 1,679,192 | 1,597,897 |
0.25% 01/15/25 - 07/15/29 | 3,663,785 | 3,434,204 |
0.38% 07/15/25 - 07/15/27 | 6,112,118 | 5,777,176 |
0.50% 01/15/28 | 1,930,551 | 1,806,500 |
0.63% 01/15/26 - 07/15/32 | 4,819,865 | 4,504,130 |
0.75% 07/15/28 | 1,794,370 | 1,701,569 |
0.88% 01/15/29 | 1,405,427 | 1,331,210 |
1.13% 01/15/33 | 2,586,355 | 2,480,915 |
1.25% 04/15/28 | 1,921,554 | 1,859,946 |
1.63% 10/15/27 | 2,329,395 | 2,295,934 |
U.S. Treasury Notes | ||
0.25% 05/31/25 - 09/30/25 | 1,600,000 | 1,455,457 |
0.38% 04/30/25 - 09/30/27 | 1,600,000 | 1,407,851 |
0.50% 03/31/25 - 02/28/26 | 1,000,000 | 911,660 |
0.63% 11/30/27 - 08/15/30 | 1,175,000 | 981,465 |
0.75% 03/31/26 | 500,000 | 451,914 |
0.88% 11/15/30 | 300,000 | 242,812 |
1.13% 02/28/25 - 02/15/31 | 1,425,000 | 1,233,457 |
1.25% 04/30/28 - 05/31/28 | 750,000 | 654,703 |
1.38% 01/31/25 - 12/31/28 | 850,000 | 779,418 |
1.50% 09/30/24 - 02/15/30 | 1,700,000 | 1,555,767 |
1.50% 10/31/24 (e) | 200,000 | 190,305 |
1.63% 02/15/26 - 08/15/29 | 300,000 | 271,172 |
1.75% 01/31/29 - 11/15/29 | 650,000 | 572,914 |
1.88% 06/30/26 - 02/15/32 | 1,100,000 | 977,015 |
2.00% 02/15/25 - 11/15/26 | 1,494,000 | 1,413,158 |
2.13% 09/30/24 - 05/31/26 | 800,000 | 760,199 |
2.25% 10/31/24 - 11/15/27 | 3,290,000 | 3,109,727 |
2.38% 08/15/24 - 05/15/29 | 1,950,000 | 1,802,656 |
Principal Amount | Fair Value | |
2.50% 01/31/25 | $ 750,000 | $ 719,736 |
2.63% 12/31/25 - 07/31/29 | 1,350,000 | 1,256,999 |
2.75% 02/28/25 - 05/31/29 | 1,550,000 | 1,463,430 |
2.88% 11/30/25 - 05/15/32 | 2,280,000 | 2,153,142 |
3.00% 09/30/25 | 300,000 | 288,680 |
3.13% 08/15/25 - 08/31/29 | 1,250,000 | 1,194,668 |
3.25% 08/31/24 - 06/30/29 | 1,150,000 | 1,111,926 |
3.38% 05/15/33 | 600,000 | 578,719 |
3.50% 01/31/28 - 02/15/33 | 2,475,000 | 2,407,636 |
3.63% 03/31/28 - 03/31/30 | 1,400,000 | 1,369,340 |
3.75% 05/31/30 - 06/30/30 | 700,000 | 690,539 |
3.88% 03/31/25 - 11/30/29 | 2,825,000 | 2,785,858 |
4.00% 12/15/25 - 02/28/30 | 2,250,000 | 2,230,461 |
4.13% 01/31/25 - 11/15/32 | 1,825,000 | 1,828,744 |
4.25% 09/30/24 - 10/15/25 | 950,000 | 937,789 |
4.38% 10/31/24 | 750,000 | 740,947 |
4.50% 11/30/24 | 1,000,000 | 989,414 |
4.63% 02/28/25 | 250,000 | 248,066 |
121,707,678 | ||
Agency Mortgage Backed - 2.8% | ||
Federal Farm Credit Banks Funding Corp. | ||
3.38% 08/26/24 (e) | 250,000 | 244,282 |
Federal Home Loan Banks | ||
1.88% 09/11/26 (e) | 500,000 | 460,650 |
3.25% 11/16/28 (e) | 125,000 | 119,664 |
Federal Home Loan Mortgage Corp. | ||
1.50% 04/01/37 - 11/01/51 | 904,912 | 721,410 |
2.00% 01/01/37 - 03/01/52 | 2,893,076 | 2,375,356 |
2.50% 07/01/28 - 05/01/52 | 2,816,982 | 2,397,260 |
3.00% 07/01/30 - 06/01/51 | 1,564,239 | 1,421,805 |
3.50% 03/01/26 - 09/01/52 | 1,245,689 | 1,154,009 |
4.00% 06/01/42 - 08/01/48 | 394,764 | 378,197 |
4.50% 05/01/42 - 11/01/48 | 73,579 | 72,131 |
5.00% 10/01/52 - 12/01/52 | 216,366 | 213,203 |
5.50% 01/01/38 - 04/01/39 | 134,111 | 137,889 |
6.00% 06/01/37 - 11/01/37 | 123,042 | 129,617 |
6.25% 07/15/32 (e) | 250,000 | 292,042 |
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||
4.35% 01/25/33 (f) | 100,000 | 98,816 |
Federal National Mortgage Association | ||
1.50% 04/01/36 - 03/01/51 | 992,696 | 825,726 |
1.75% 07/02/24 (e) | 225,000 | 216,965 |
2.00% 11/01/35 - 03/01/52 | 8,040,422 | 6,708,984 |
2.13% 04/24/26 (e) | 200,000 | 187,238 |
2.50% 09/01/28 - 03/01/52 | 4,163,397 | 3,584,887 |
3.00% 04/01/30 - 05/01/52 | 3,202,647 | 2,894,529 |
3.50% 01/01/27 - 02/01/50 | 1,440,524 | 1,335,956 |
4.00% 10/01/41 - 08/01/52 | 1,352,056 | 1,287,803 |
4.50% 10/01/40 - 09/01/49 | 391,650 | 384,454 |
72 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
5.00% 12/01/39 - 02/01/53 | $ 614,251 | $ 604,315 |
5.50% 12/01/35 - 04/01/38 | 457,289 | 466,026 |
6.00% 03/01/34 - 08/01/37 | 604,308 | 633,154 |
Government National Mortgage Association | ||
2.00% 10/20/50 - 04/20/52 | 2,050,986 | 1,727,668 |
2.50% 07/20/50 - 01/20/52 | 1,814,071 | 1,573,922 |
3.00% 10/15/42 - 12/20/50 | 1,618,906 | 1,465,363 |
3.50% 11/20/43 - 08/20/49 | 1,230,357 | 1,154,847 |
4.00% 12/20/40 - 10/20/52 | 828,854 | 796,439 |
4.50% 05/20/40 - 01/20/53 | 432,257 | 421,663 |
5.00% 08/15/41 | 462,111 | 466,369 |
Government National Mortgage Association, TBA | ||
5.50% 07/20/53 (g) | 125,000 | 124,403 |
6.00% 07/20/53 (g) | 100,000 | 100,606 |
Tennessee Valley Authority | ||
3.50% 12/15/42 (e) | 100,000 | 83,745 |
Uniform Mortgage-Backed Security, TBA | ||
4.50% 07/13/53 (g) | 600,000 | 576,721 |
37,838,114 | ||
Agency Collateralized Mortgage Obligations - 0.1% | ||
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | ||
1.48% 04/25/30 | 69,643 | 57,361 |
1.56% 04/25/30 | 40,000 | 33,091 |
1.87% 01/25/30 | 58,333 | 49,548 |
3.78% 08/25/28 | 166,954 | 161,864 |
3.90% 04/25/28 | 100,000 | 97,019 |
Federal National Mortgage Association-Aces | ||
1.27% 07/25/30 | 80,000 | 64,355 |
1.51% 03/25/31 (f) | 145,000 | 115,868 |
1.72% 10/25/31 (f) | 100,000 | 80,214 |
3.16% 06/25/27 (f) | 171,827 | 162,113 |
821,433 | ||
Asset Backed - 0.0%* | ||
American Express Credit Account Master Trust | ||
0.90% 11/15/26 | 184,000 | 172,738 |
Capital One Multi-Asset Execution Trust | ||
3.49% 05/15/27 | 100,000 | 96,631 |
Carvana Auto Receivables Trust | ||
1.64% 12/10/27 | 150,000 | 133,810 |
Discover Card Execution Note Trust | ||
1.03% 09/15/28 | 81,000 | 71,314 |
474,493 |
Principal Amount | Fair Value | |
Corporate Notes - 2.7% | ||
3M Co. | ||
3.38% 03/01/29 (e) | $ 25,000 | $ 22,940 |
AbbVie, Inc. | ||
2.95% 11/21/26 | 25,000 | 23,363 |
3.20% 05/14/26 | 50,000 | 47,391 |
3.80% 03/15/25 | 75,000 | 72,945 |
4.25% 11/14/28 - 11/21/49 | 60,000 | 53,330 |
4.30% 05/14/36 | 50,000 | 45,975 |
4.85% 06/15/44 | 50,000 | 46,577 |
4.88% 11/14/48 | 25,000 | 23,583 |
Activision Blizzard, Inc. | ||
2.50% 09/15/50 (e) | 50,000 | 32,113 |
Adobe, Inc. | ||
3.25% 02/01/25 (e) | 70,000 | 67,959 |
Advocate Health & Hospitals Corp. | ||
3.39% 10/15/49 (e) | 25,000 | 18,785 |
AEP Texas, Inc. | ||
3.45% 05/15/51 (e) | 35,000 | 24,992 |
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||
4.45% 04/03/26 | 250,000 | 239,010 |
Aflac, Inc. | ||
2.88% 10/15/26 (e) | 100,000 | 92,632 |
Agilent Technologies, Inc. | ||
2.75% 09/15/29 (e) | 25,000 | 21,815 |
Agree LP | ||
4.80% 10/01/32 (e) | 15,000 | 13,945 |
Air Lease Corp. | ||
3.25% 10/01/29 (e) | 100,000 | 86,705 |
Air Products & Chemicals, Inc. | ||
2.05% 05/15/30 (e) | 10,000 | 8,498 |
2.70% 05/15/40 (e) | 25,000 | 18,654 |
Alabama Power Co. | ||
3.45% 10/01/49 (e) | 50,000 | 36,707 |
Albemarle Corp. | ||
5.05% 06/01/32 (e) | 25,000 | 24,216 |
Alexandria Real Estate Equities, Inc. | ||
4.85% 04/15/49 (e) | 50,000 | 42,088 |
Alibaba Group Holding Ltd. | ||
4.00% 12/06/37 (e) | 100,000 | 83,626 |
Allegion PLC | ||
3.50% 10/01/29 (e) | 15,000 | 13,286 |
Allina Health System | ||
2.90% 11/15/51 (e) | 10,000 | 6,545 |
Ally Financial, Inc. | ||
8.00% 11/01/31 (e) | 50,000 | 51,873 |
Alphabet, Inc. | ||
0.80% 08/15/27 (e) | 50,000 | 43,300 |
2.05% 08/15/50 (e) | 50,000 | 31,220 |
2.25% 08/15/60 (e) | 25,000 | 15,188 |
State Street Total Return V.I.S. Fund | 73 |
Principal Amount | Fair Value | |
Altria Group, Inc. | ||
5.80% 02/14/39 (e) | $ 65,000 | $ 63,529 |
Amazon.com, Inc. | ||
1.65% 05/12/28 | 50,000 | 43,693 |
2.10% 05/12/31 | 50,000 | 42,031 |
2.50% 06/03/50 | 75,000 | 49,802 |
3.00% 04/13/25 | 75,000 | 72,389 |
3.15% 08/22/27 | 50,000 | 47,050 |
3.30% 04/13/27 | 25,000 | 23,839 |
3.60% 04/13/32 | 25,000 | 23,301 |
3.95% 04/13/52 | 25,000 | 21,739 |
4.10% 04/13/62 | 25,000 | 21,582 |
4.25% 08/22/57 | 50,000 | 45,097 |
Amcor Flexibles North America, Inc. | ||
4.00% 05/17/25 (e) | 15,000 | 14,508 |
Ameren Illinois Co. | ||
3.85% 09/01/32 (e) | 50,000 | 46,022 |
America Movil SAB de CV | ||
6.13% 03/30/40 | 100,000 | 106,475 |
American Airlines Pass-Through Trust | ||
3.15% 08/15/33 (e) | 41,864 | 36,341 |
American Express Co. | ||
3.00% 10/30/24 | 100,000 | 96,730 |
3.63% 12/05/24 | 50,000 | 48,578 |
American Express Co. (4.42% fixed rate until 08/03/32; 1.76% + SOFR thereafter) | ||
4.42% 08/03/33 (f) | 50,000 | 47,143 |
American Homes 4 Rent LP | ||
3.63% 04/15/32 (e) | 20,000 | 17,326 |
American Honda Finance Corp. | ||
0.75% 08/09/24 (e) | 50,000 | 47,462 |
American International Group, Inc. | ||
2.50% 06/30/25 (e) | 17,000 | 16,025 |
4.20% 04/01/28 (e) | 75,000 | 72,156 |
American Tower Corp. | ||
2.40% 03/15/25 (e) | 75,000 | 70,706 |
3.13% 01/15/27 (e) | 150,000 | 138,295 |
4.05% 03/15/32 (e) | 10,000 | 9,096 |
American Water Capital Corp. | ||
3.45% 06/01/29 (e) | 50,000 | 46,407 |
4.00% 12/01/46 (e) | 100,000 | 80,648 |
Ameriprise Financial, Inc. | ||
4.50% 05/13/32 (e) | 10,000 | 9,577 |
AmerisourceBergen Corp. | ||
3.45% 12/15/27 (e) | 50,000 | 46,806 |
Amgen, Inc. | ||
3.35% 02/22/32 (e) | 30,000 | 26,435 |
4.20% 03/01/33 (e) | 25,000 | 23,330 |
4.56% 06/15/48 (e) | 50,000 | 44,369 |
5.65% 06/15/42 (e) | 100,000 | 100,109 |
Principal Amount | Fair Value | |
Amphenol Corp. | ||
4.35% 06/01/29 (e) | $ 25,000 | $ 24,205 |
Analog Devices, Inc. | ||
3.50% 12/05/26 (e) | 75,000 | 72,248 |
Anheuser-Busch InBev Worldwide, Inc. | ||
4.00% 04/13/28 (e) | 55,000 | 53,216 |
8.00% 11/15/39 (e) | 150,000 | 190,062 |
Aon Corp./Aon Global Holdings PLC | ||
2.05% 08/23/31 (e) | 50,000 | 39,887 |
2.60% 12/02/31 (e) | 35,000 | 28,905 |
5.00% 09/12/32 (e) | 50,000 | 49,332 |
Appalachian Power Co. | ||
4.45% 06/01/45 (e) | 100,000 | 82,618 |
4.50% 08/01/32 (e) | 45,000 | 42,292 |
Apple, Inc. | ||
0.55% 08/20/25 (e) | 50,000 | 45,660 |
1.13% 05/11/25 (e) | 50,000 | 46,587 |
1.70% 08/05/31 (e) | 50,000 | 41,186 |
2.80% 02/08/61 (e) | 50,000 | 33,777 |
3.45% 02/09/45 (e) | 50,000 | 42,074 |
4.10% 08/08/62 (e) | 25,000 | 21,895 |
4.38% 05/13/45 (e) | 65,000 | 61,669 |
Applied Materials, Inc. | ||
1.75% 06/01/30 (e) | 75,000 | 62,650 |
Aptiv PLC/Aptiv Corp. | ||
2.40% 02/18/25 (e) | 20,000 | 18,990 |
4.15% 05/01/52 (e) | 15,000 | 11,433 |
Arch Capital Finance LLC | ||
5.03% 12/15/46 (e) | 50,000 | 44,683 |
Archer-Daniels-Midland Co. | ||
4.02% 04/16/43 (e) | 50,000 | 42,994 |
Arizona Public Service Co. | ||
4.25% 03/01/49 (e) | 25,000 | 19,805 |
Arrow Electronics, Inc. | ||
4.00% 04/01/25 (e) | 40,000 | 38,632 |
Ascension Health | ||
3.95% 11/15/46 (e) | 50,000 | 42,022 |
Asian Development Bank | ||
1.00% 04/14/26 (e) | 50,000 | 45,312 |
1.88% 01/24/30 (e) | 75,000 | 65,270 |
3.13% 09/26/28 (e) | 25,000 | 23,674 |
6.22% 08/15/27 (e) | 200,000 | 212,330 |
Asian Infrastructure Investment Bank | ||
3.75% 09/14/27 (e) | 100,000 | 97,231 |
Assurant, Inc. | ||
4.90% 03/27/28 (e) | 50,000 | 47,871 |
AstraZeneca PLC | ||
4.00% 01/17/29 (e) | 20,000 | 19,338 |
6.45% 09/15/37 (e) | 50,000 | 57,418 |
AT&T, Inc. | ||
2.25% 02/01/32 (e) | 25,000 | 19,873 |
74 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
3.50% 06/01/41 (e) | $ 50,000 | $ 38,415 |
3.65% 09/15/59 (e) | 200,000 | 139,126 |
4.75% 05/15/46 (e) | 50,000 | 44,160 |
Athene Holding Ltd. | ||
3.50% 01/15/31 (e) | 10,000 | 8,237 |
Atmos Energy Corp. | ||
4.30% 10/01/48 (e) | 50,000 | 43,381 |
5.45% 10/15/32 (e) | 15,000 | 15,500 |
Australia & New Zealand Banking Group Ltd. | ||
3.70% 11/16/25 (e) | 50,000 | 48,156 |
Automatic Data Processing, Inc. | ||
1.70% 05/15/28 (e) | 20,000 | 17,567 |
AutoNation, Inc. | ||
2.40% 08/01/31 (e) | 50,000 | 38,043 |
AutoZone, Inc. | ||
3.75% 04/18/29 (e) | 50,000 | 46,217 |
AvalonBay Communities, Inc. | ||
2.05% 01/15/32 (e) | 35,000 | 28,096 |
3.90% 10/15/46 (e) | 50,000 | 38,737 |
Baltimore Gas & Electric Co. | ||
4.55% 06/01/52 (e) | 5,000 | 4,451 |
Banco Santander SA (4.18% fixed rate until 03/24/27; 2.00% + 1 year CMT Rate thereafter) | ||
4.18% 03/24/28 (e)(f) | 100,000 | 93,714 |
Bank of America Corp. | ||
4.18% 11/25/27 (e) | 50,000 | 47,515 |
5.00% 01/21/44 (e) | 50,000 | 48,149 |
6.11% 01/29/37 (e) | 100,000 | 105,422 |
Bank of America Corp. (2.57% fixed rate until 10/20/31; 1.21% + SOFR thereafter) | ||
2.57% 10/20/32 (e)(f) | 25,000 | 20,348 |
Bank of America Corp. (2.88% fixed rate until 10/22/29; 1.45% + 1-month Term SOFR) | ||
2.88% 10/22/30 (e)(f) | 100,000 | 86,124 |
Bank of America Corp. (3.19% fixed rate until 07/23/29; 1.44% + 1 month Term SOFR) | ||
3.19% 07/23/30 (e)(f) | 50,000 | 44,131 |
Bank of America Corp. (3.42% fixed rate until 12/20/27; 1.30% + 3 month Term SOFR) | ||
3.42% 12/20/28 (e)(f) | 107,000 | 98,372 |
Bank of America Corp. (4.24% fixed rate until 04/24/37; 2.08% + 3 month Term SOFR) | ||
4.24% 04/24/38 (e)(f) | 50,000 | 43,923 |
Principal Amount | Fair Value | |
Bank of America Corp. (4.38% fixed rate until 04/27/27; 1.58% + SOFR thereafter) | ||
4.38% 04/27/28 (e)(f) | $ 50,000 | $ 48,073 |
Bank of America Corp. (4.83% fixed rate until 07/22/25; 1.75% + SOFR thereafter) | ��� | |
4.83% 07/22/26 (e)(f) | 250,000 | 245,607 |
Bank of Montreal | ||
4.70% 09/14/27 (e) | 25,000 | 24,426 |
Bank of New York Mellon Corp. | ||
2.50% 01/26/32 (e) | 25,000 | 20,540 |
3.85% 04/26/29 (e) | 25,000 | 23,763 |
Bank of New York Mellon Corp. (4.41% fixed rate until 07/24/25; 1.35% + SOFR thereafter) | ||
4.41% 07/24/26 (e)(f) | 25,000 | 24,468 |
Bank of Nova Scotia | ||
1.95% 02/02/27 (e) | 25,000 | 22,300 |
2.95% 03/11/27 (e) | 50,000 | 46,366 |
4.50% 12/16/25 (e) | 75,000 | 72,349 |
Banner Health | ||
2.34% 01/01/30 (e) | 75,000 | 64,127 |
Barclays PLC (3.56% fixed rate until 09/23/30; 2.90% + 5 year CMT Rate thereafter) | ||
3.56% 09/23/35 (e)(f) | 100,000 | 79,028 |
Barclays PLC (4.97% fixed rate until 05/16/28; 1.90% + 3 month USD LIBOR thereafter) | ||
4.97% 05/16/29 (e)(f) | 100,000 | 94,615 |
Barclays PLC (5.09% fixed rate until 06/20/29; 3.05% + 3 month USD LIBOR thereafter) | ||
5.09% 06/20/30 (e)(f) | 100,000 | 90,918 |
BAT Capital Corp. | ||
3.98% 09/25/50 | 25,000 | 16,854 |
4.39% 08/15/37 | 50,000 | 39,955 |
Baxalta, Inc. | ||
5.25% 06/23/45 | 75,000 | 73,681 |
Becton Dickinson & Co. | ||
3.70% 06/06/27 | 66,000 | 62,736 |
4.30% 08/22/32 | 10,000 | 9,493 |
Bell Telephone Co. of Canada or Bell Canada | ||
4.30% 07/29/49 | 30,000 | 25,269 |
Berkshire Hathaway Finance Corp. | ||
2.88% 03/15/32 | 25,000 | 22,020 |
BHP Billiton Finance USA Ltd. | ||
6.42% 03/01/26 | 150,000 | 154,000 |
Biogen, Inc. | ||
4.05% 09/15/25 | 100,000 | 96,826 |
State Street Total Return V.I.S. Fund | 75 |
Principal Amount | Fair Value | |
Black Hills Corp. | ||
4.35% 05/01/33 | $ 30,000 | $ 26,753 |
BlackRock, Inc. | ||
2.40% 04/30/30 | 20,000 | 17,330 |
3.25% 04/30/29 | 60,000 | 55,768 |
Boardwalk Pipelines LP | ||
3.60% 09/01/32 | 25,000 | 21,268 |
Boeing Co. | ||
3.20% 03/01/29 | 50,000 | 44,851 |
3.75% 02/01/50 | 25,000 | 18,773 |
5.71% 05/01/40 | 50,000 | 49,856 |
Booking Holdings, Inc. | ||
3.60% 06/01/26 | 75,000 | 72,335 |
Boston Properties LP | ||
2.55% 04/01/32 | 75,000 | 56,528 |
3.40% 06/21/29 | 50,000 | 42,105 |
Boston Scientific Corp. | ||
4.55% 03/01/39 | 50,000 | 46,382 |
BP Capital Markets America, Inc. | ||
2.72% 01/12/32 | 35,000 | 29,750 |
2.77% 11/10/50 | 25,000 | 16,598 |
3.94% 09/21/28 | 25,000 | 23,956 |
4.23% 11/06/28 | 50,000 | 48,616 |
Brandywine Operating Partnership LP | ||
4.55% 10/01/29 | 25,000 | 18,333 |
Brighthouse Financial, Inc. | ||
3.85% 12/22/51 | 50,000 | 31,881 |
Bristol-Myers Squibb Co. | ||
3.40% 07/26/29 | 17,000 | 15,774 |
3.55% 03/15/42 | 15,000 | 12,423 |
4.13% 06/15/39 | 15,000 | 13,683 |
British Telecommunications PLC | ||
9.63% 12/15/30 | 50,000 | 61,354 |
Brixmor Operating Partnership LP | ||
3.90% 03/15/27 | 150,000 | 137,982 |
Broadcom, Inc. | ||
3.50% 02/15/41 (d) | 50,000 | 37,429 |
4.30% 11/15/32 | 25,000 | 22,907 |
Brookfield Corp. | ||
4.00% 01/15/25 | 75,000 | 72,805 |
Brookfield Finance, Inc. | ||
3.90% 01/25/28 | 50,000 | 46,345 |
Brown & Brown, Inc. | ||
4.20% 03/17/32 | 15,000 | 13,476 |
Burlington Northern Santa Fe LLC | ||
5.40% 06/01/41 | 50,000 | 51,130 |
5.75% 05/01/40 | 75,000 | 79,362 |
California Institute of Technology | ||
3.65% 09/01/19 | 20,000 | 13,631 |
Principal Amount | Fair Value | |
Camden Property Trust | ||
3.35% 11/01/49 | $ 10,000 | $ 7,278 |
4.10% 10/15/28 | 10,000 | 9,497 |
Campbell Soup Co. | ||
2.38% 04/24/30 | 15,000 | 12,629 |
Canadian Imperial Bank of Commerce | ||
3.60% 04/07/32 | 10,000 | 8,972 |
3.95% 08/04/25 | 25,000 | 24,181 |
Canadian National Railway Co. | ||
2.95% 11/21/24 | 55,000 | 53,103 |
3.85% 08/05/32 | 25,000 | 23,278 |
Canadian Pacific Railway Co. | ||
2.05% 03/05/30 | 20,000 | 16,786 |
2.90% 02/01/25 | 50,000 | 47,995 |
4.70% 05/01/48 | 50,000 | 45,402 |
Capital One Financial Corp. | ||
4.20% 10/29/25 | 75,000 | 71,875 |
Capital One Financial Corp. (2.62% fixed rate until 11/02/31; 1.27% + SOFR thereafter) | ||
2.62% 11/02/32 (f) | 25,000 | 19,234 |
Capital One Financial Corp. (5.25% fixed rate until 07/26/29; 2.60% + SOFR thereafter) | ||
5.25% 07/26/30 (f) | 50,000 | 47,277 |
Cardinal Health, Inc. | ||
3.50% 11/15/24 | 75,000 | 72,566 |
Carlisle Cos., Inc. | ||
2.20% 03/01/32 | 50,000 | 39,470 |
Carrier Global Corp. | ||
2.24% 02/15/25 | 65,000 | 61,526 |
2.49% 02/15/27 | 15,000 | 13,682 |
3.58% 04/05/50 | 25,000 | 18,470 |
Caterpillar Financial Services Corp. | ||
3.60% 08/12/27 | 50,000 | 48,093 |
Caterpillar, Inc. | ||
3.25% 04/09/50 | 25,000 | 19,688 |
4.30% 05/15/44 | 75,000 | 70,251 |
CDW LLC/CDW Finance Corp. | ||
2.67% 12/01/26 | 70,000 | 62,978 |
Celanese U.S. Holdings LLC | ||
6.17% 07/15/27 | 25,000 | 24,948 |
Celulosa Arauco y Constitucion SA | ||
3.88% 11/02/27 | 100,000 | 91,899 |
Cenovus Energy, Inc. | ||
6.80% 09/15/37 | 50,000 | 52,005 |
CenterPoint Energy Houston Electric LLC | ||
4.45% 10/01/32 | 50,000 | 48,201 |
76 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
4.50% 04/01/44 | $ 75,000 | $ 67,110 |
Charles Schwab Corp. | ||
3.85% 05/21/25 | 50,000 | 48,182 |
4.63% 03/22/30 | 50,000 | 49,016 |
Charter Communications Operating LLC/Charter Communications Operating Capital | ||
2.80% 04/01/31 | 65,000 | 52,389 |
3.70% 04/01/51 | 25,000 | 15,865 |
4.91% 07/23/25 | 50,000 | 49,033 |
5.25% 04/01/53 | 25,000 | 20,178 |
6.38% 10/23/35 | 100,000 | 97,605 |
Cheniere Corpus Christi Holdings LLC | ||
2.74% 12/31/39 | 55,000 | 43,341 |
Chubb INA Holdings, Inc. | ||
3.15% 03/15/25 (e) | 50,000 | 48,366 |
4.35% 11/03/45 (e) | 50,000 | 45,271 |
Church & Dwight Co., Inc. | ||
5.00% 06/15/52 | 25,000 | 24,734 |
CI Financial Corp. | ||
4.10% 06/15/51 | 50,000 | 30,368 |
Cigna Group | ||
2.40% 03/15/30 | 15,000 | 12,744 |
4.13% 11/15/25 | 75,000 | 73,036 |
4.38% 10/15/28 | 40,000 | 38,696 |
4.50% 02/25/26 | 50,000 | 48,980 |
4.80% 08/15/38 | 30,000 | 28,317 |
Cintas Corp. No. 2 | ||
3.45% 05/01/25 | 5,000 | 4,843 |
Cisco Systems, Inc. | ||
2.50% 09/20/26 | 25,000 | 23,424 |
5.90% 02/15/39 | 50,000 | 55,332 |
Citigroup, Inc. | ||
3.70% 01/12/26 | 150,000 | 143,857 |
3.88% 03/26/25 | 50,000 | 48,310 |
4.30% 11/20/26 | 100,000 | 95,792 |
4.75% 05/18/46 | 50,000 | 42,840 |
Citigroup, Inc. (2.52% fixed rate until 11/03/31; 1.18% + SOFR thereafter) | ||
2.52% 11/03/32 (f) | 35,000 | 28,209 |
Citigroup, Inc. (3.06% fixed rate until 01/25/32; 1.35% + SOFR thereafter) | ||
3.06% 01/25/33 (f) | 50,000 | 41,706 |
Citigroup, Inc. (3.79% fixed rate until 03/17/32; 1.94% + SOFR thereafter) | ||
3.79% 03/17/33 (f) | 50,000 | 44,158 |
Citigroup, Inc. (4.08% fixed rate until 04/23/28; 1.45% + 1-month Term SOFR) | ||
4.08% 04/23/29 (f) | 75,000 | 70,647 |
Principal Amount | Fair Value | |
Citigroup, Inc. (4.91% fixed rate until 05/24/32; 2.09% + SOFR thereafter) | ||
4.91% 05/24/33 (f) | $ 50,000 | $ 48,351 |
Citizens Financial Group, Inc. (5.64% fixed rate until 05/21/32; 2.75% + 5 year CMT Rate thereafter) | ||
5.64% 05/21/37 (f) | 50,000 | 43,111 |
Clorox Co. | ||
1.80% 05/15/30 | 50,000 | 40,950 |
CME Group, Inc. | ||
2.65% 03/15/32 | 20,000 | 17,002 |
CNH Industrial Capital LLC | ||
3.95% 05/23/25 | 10,000 | 9,679 |
CNOOC Petroleum North America ULC | ||
6.40% 05/15/37 (e) | 25,000 | 27,722 |
Coca-Cola Co. | ||
2.50% 06/01/40 | 45,000 | 33,867 |
Colgate-Palmolive Co. | ||
3.25% 08/15/32 | 15,000 | 13,761 |
Comcast Corp. | ||
2.94% 11/01/56 | 25,000 | 16,285 |
3.38% 08/15/25 | 50,000 | 48,273 |
3.55% 05/01/28 | 50,000 | 47,375 |
4.25% 10/15/30 | 100,000 | 96,308 |
4.60% 10/15/38 | 30,000 | 27,972 |
6.50% 11/15/35 | 50,000 | 56,132 |
Comerica, Inc. | ||
4.00% 02/01/29 | 50,000 | 41,940 |
Commonwealth Edison Co. | ||
4.60% 08/15/43 | 100,000 | 91,115 |
Conagra Brands, Inc. | ||
5.40% 11/01/48 | 75,000 | 71,483 |
ConocoPhillips | ||
6.50% 02/01/39 | 50,000 | 57,641 |
Constellation Brands, Inc. | ||
3.50% 05/09/27 | 25,000 | 23,702 |
3.75% 05/01/50 | 5,000 | 3,934 |
4.35% 05/09/27 | 50,000 | 48,846 |
5.25% 11/15/48 | 15,000 | 14,403 |
Consumers Energy Co. | ||
4.05% 05/15/48 | 50,000 | 42,158 |
Cooperatieve Rabobank UA | ||
5.75% 12/01/43 | 100,000 | 100,367 |
Corning, Inc. | ||
3.90% 11/15/49 | 25,000 | 18,843 |
Corp. Andina de Fomento | ||
2.25% 02/08/27 (e) | 50,000 | 44,927 |
Credit Suisse AG | ||
3.63% 09/09/24 | 50,000 | 48,242 |
3.70% 02/21/25 | 75,000 | 71,770 |
Crown Castle, Inc. | ||
1.35% 07/15/25 | 50,000 | 45,779 |
State Street Total Return V.I.S. Fund | 77 |
Principal Amount | Fair Value | |
2.90% 03/15/27 | $ 25,000 | $ 22,886 |
3.80% 02/15/28 | 25,000 | 23,345 |
5.20% 02/15/49 | 50,000 | 46,229 |
CSX Corp. | ||
4.25% 03/15/29 | 50,000 | 48,449 |
6.22% 04/30/40 | 75,000 | 81,181 |
CubeSmart LP | ||
4.38% 02/15/29 | 15,000 | 14,087 |
CVS Health Corp. | ||
3.88% 07/20/25 | 50,000 | 48,618 |
Darden Restaurants, Inc. | ||
4.55% 02/15/48 | 15,000 | 12,597 |
Dayton Power & Light Co. | ||
3.95% 06/15/49 | 15,000 | 11,685 |
Deere & Co. | ||
2.75% 04/15/25 | 25,000 | 24,020 |
7.13% 03/03/31 | 75,000 | 86,730 |
Dell International LLC/EMC Corp. | ||
8.35% 07/15/46 | 75,000 | 91,829 |
Deutsche Bank AG (3.55% fixed rate until 09/18/30; 3.04% + SOFR thereafter) | ||
3.55% 09/18/31 (f) | 100,000 | 83,081 |
Deutsche Telekom International Finance BV | ||
8.75% 06/15/30 | 50,000 | 59,894 |
Devon Energy Corp. | ||
5.00% 06/15/45 | 25,000 | 21,690 |
DH Europe Finance II Sarl | ||
2.60% 11/15/29 | 75,000 | 66,023 |
3.40% 11/15/49 | 25,000 | 19,580 |
Diamondback Energy, Inc. | ||
4.40% 03/24/51 | 25,000 | 19,825 |
Discover Financial Services | ||
3.75% 03/04/25 | 100,000 | 95,554 |
Dollar General Corp. | ||
4.13% 05/01/28 | 25,000 | 23,792 |
Dollar Tree, Inc. | ||
4.00% 05/15/25 | 50,000 | 48,443 |
Dominion Energy, Inc. | ||
3.30% 03/15/25 | 50,000 | 47,957 |
4.25% 06/01/28 | 50,000 | 47,821 |
4.70% 12/01/44 | 50,000 | 43,441 |
Duke Energy Corp. (3.25% fixed rate until 01/15/27; 2.32% + 5 year CMT Rate thereafter) | ||
3.25% 01/15/82 (f) | 25,000 | 18,611 |
Duke Energy Florida LLC | ||
6.35% 09/15/37 | 250,000 | 270,455 |
DuPont de Nemours, Inc. | ||
5.32% 11/15/38 | 15,000 | 14,849 |
5.42% 11/15/48 | 40,000 | 39,524 |
Principal Amount | Fair Value | |
Eagle Materials, Inc. | ||
2.50% 07/01/31 | $ 25,000 | $ 20,418 |
eBay, Inc. | ||
1.40% 05/10/26 | 50,000 | 45,162 |
Ecolab, Inc. | ||
2.13% 02/01/32 | 25,000 | 20,551 |
Edison International | ||
5.75% 06/15/27 | 100,000 | 100,208 |
Elevance Health, Inc. | ||
2.38% 01/15/25 (e) | 125,000 | 118,862 |
4.10% 05/15/32 | 25,000 | 23,314 |
4.38% 12/01/47 (e) | 65,000 | 56,687 |
4.65% 01/15/43 | 50,000 | 45,651 |
Eli Lilly & Co. | ||
2.25% 05/15/50 | 50,000 | 32,647 |
2.75% 06/01/25 | 22,000 | 21,135 |
3.38% 03/15/29 | 13,000 | 12,233 |
Emera U.S. Finance LP | ||
3.55% 06/15/26 | 60,000 | 56,812 |
Emory University | ||
2.14% 09/01/30 | 40,000 | 33,565 |
Enbridge Energy Partners LP | ||
5.88% 10/15/25 | 75,000 | 75,280 |
Enbridge, Inc. | ||
4.00% 11/15/49 | 75,000 | 58,069 |
Enel Chile SA | ||
4.88% 06/12/28 | 25,000 | 24,041 |
Energy Transfer LP | ||
4.95% 05/15/28 | 60,000 | 58,146 |
6.00% 06/15/48 | 50,000 | 47,473 |
6.50% 02/01/42 | 50,000 | 50,552 |
Enstar Group Ltd. | ||
3.10% 09/01/31 | 10,000 | 7,847 |
Enterprise Products Operating LLC | ||
4.45% 02/15/43 | 42,000 | 37,021 |
Enterprise Products Operating LLC (5.38% fixed rate until 02/15/28; 2.83% + 1-month Term SOFR) | ||
5.38% 02/15/78 (f) | 50,000 | 41,380 |
Equifax, Inc. | ||
5.10% 12/15/27 | 25,000 | 24,743 |
Equinix, Inc. | ||
2.15% 07/15/30 | 65,000 | 52,597 |
2.63% 11/18/24 | 65,000 | 62,158 |
Equinor ASA | ||
2.88% 04/06/25 (e) | 75,000 | 71,915 |
ERP Operating LP | ||
4.50% 07/01/44 | 75,000 | 65,645 |
Essential Utilities, Inc. | ||
2.70% 04/15/30 | 25,000 | 21,181 |
Estee Lauder Cos., Inc. | ||
2.38% 12/01/29 | 20,000 | 17,287 |
3.13% 12/01/49 | 30,000 | 21,923 |
78 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
European Bank for Reconstruction & Development | ||
1.63% 09/27/24 (e) | $ 25,000 | $ 23,893 |
European Investment Bank | ||
0.38% 12/15/25 - 03/26/26 (e) | 150,000 | 134,300 |
1.88% 02/10/25 (e) | 100,000 | 95,026 |
2.75% 08/15/25 (e) | 20,000 | 19,159 |
Expedia Group, Inc. | ||
3.80% 02/15/28 | 75,000 | 70,216 |
Extra Space Storage LP | ||
3.90% 04/01/29 | 5,000 | 4,555 |
Exxon Mobil Corp. | ||
2.28% 08/16/26 | 50,000 | 46,397 |
2.99% 03/19/25 | 50,000 | 48,189 |
3.04% 03/01/26 | 50,000 | 47,820 |
Fairfax Financial Holdings Ltd. | ||
4.63% 04/29/30 | 25,000 | 23,394 |
Federal Realty OP LP | ||
3.20% 06/15/29 | 50,000 | 43,297 |
Fidelity National Financial, Inc. | ||
4.50% 08/15/28 | 25,000 | 23,789 |
Fidelity National Information Services, Inc. | ||
4.70% 07/15/27 | 75,000 | 73,123 |
5.10% 07/15/32 | 50,000 | 48,446 |
Fifth Third Bancorp (1.71% fixed rate until 11/01/26; 0.69% + SOFR thereafter) | ||
1.71% 11/01/27 (f) | 25,000 | 21,341 |
Fifth Third Bancorp (4.77% fixed rate until 07/28/29; 2.13% + SOFR thereafter) | ||
4.77% 07/28/30 (f) | 25,000 | 23,392 |
Fifth Third Bank NA | ||
3.85% 03/15/26 | 75,000 | 69,181 |
Flex Ltd. | ||
4.88% 06/15/29 | 25,000 | 23,940 |
Florida Power & Light Co. | ||
4.13% 02/01/42 | 50,000 | 43,877 |
5.95% 02/01/38 | 25,000 | 26,862 |
Fortune Brands Innovations, Inc. | ||
4.00% 03/25/32 | 25,000 | 22,256 |
Freeport-McMoRan, Inc. | ||
4.63% 08/01/30 | 25,000 | 23,612 |
5.40% 11/14/34 | 50,000 | 48,272 |
FS KKR Capital Corp. | ||
4.13% 02/01/25 | 25,000 | 23,748 |
GATX Corp. | ||
3.50% 03/15/28 | 25,000 | 22,803 |
4.90% 03/15/33 | 25,000 | 23,725 |
General Dynamics Corp. | ||
4.25% 04/01/40 | 25,000 | 23,008 |
Principal Amount | Fair Value | |
General Mills, Inc. | ||
2.88% 04/15/30 | $ 75,000 | $ 66,634 |
General Motors Co. | ||
5.60% 10/15/32 | 25,000 | 24,237 |
General Motors Financial Co., Inc. | ||
5.00% 04/09/27 | 15,000 | 14,606 |
Georgetown University | ||
2.94% 04/01/50 | 10,000 | 6,851 |
Georgia Power Co. | ||
4.70% 05/15/32 | 25,000 | 24,183 |
Gilead Sciences, Inc. | ||
3.65% 03/01/26 | 75,000 | 72,196 |
4.80% 04/01/44 | 50,000 | 47,765 |
5.65% 12/01/41 | 50,000 | 52,555 |
GlaxoSmithKline Capital PLC | ||
3.38% 06/01/29 | 75,000 | 69,640 |
GlaxoSmithKline Capital, Inc. | ||
3.63% 05/15/25 | 55,000 | 53,487 |
Global Payments, Inc. | ||
5.40% 08/15/32 | 25,000 | 24,362 |
Globe Life, Inc. | ||
4.80% 06/15/32 | 15,000 | 14,397 |
GLP Capital LP/GLP Financing II, Inc. | ||
4.00% 01/15/31 | 50,000 | 43,232 |
5.25% 06/01/25 | 10,000 | 9,796 |
5.38% 04/15/26 | 20,000 | 19,589 |
5.75% 06/01/28 | 10,000 | 9,769 |
Goldman Sachs Group, Inc. | ||
3.75% 02/25/26 | 100,000 | 95,991 |
4.80% 07/08/44 | 75,000 | 68,851 |
6.25% 02/01/41 | 50,000 | 53,705 |
6.75% 10/01/37 | 100,000 | 107,521 |
Goldman Sachs Group, Inc. (2.65% fixed rate until 10/21/31; 1.26% + SOFR thereafter) | ||
2.65% 10/21/32 (f) | 30,000 | 24,437 |
Goldman Sachs Group, Inc. (4.39% fixed rate until 06/15/26; 1.51% + SOFR thereafter) | ||
4.39% 06/15/27 (f) | 15,000 | 14,576 |
Hartford Financial Services Group, Inc. | ||
4.30% 04/15/43 | 100,000 | 81,505 |
Hasbro, Inc. | ||
3.90% 11/19/29 | 50,000 | 45,284 |
HCA, Inc. | ||
5.38% 09/01/26 | 100,000 | 99,182 |
5.50% 06/15/47 | 85,000 | 79,818 |
Hershey Co. | ||
2.45% 11/15/29 | 75,000 | 65,818 |
Hess Corp. | ||
5.80% 04/01/47 | 75,000 | 72,927 |
State Street Total Return V.I.S. Fund | 79 |
Principal Amount | Fair Value | |
Highwoods Realty LP | ||
4.20% 04/15/29 | $ 25,000 | $ 21,222 |
Home Depot, Inc. | ||
1.88% 09/15/31 | 20,000 | 16,269 |
2.75% 09/15/51 | 50,000 | 33,724 |
3.00% 04/01/26 | 50,000 | 47,842 |
3.25% 04/15/32 | 20,000 | 17,972 |
3.63% 04/15/52 | 75,000 | 59,733 |
4.20% 04/01/43 | 50,000 | 44,691 |
4.50% 09/15/32 | 15,000 | 14,814 |
Honeywell International, Inc. | ||
5.38% 03/01/41 | 50,000 | 51,735 |
Host Hotels & Resorts LP | ||
3.38% 12/15/29 | 50,000 | 42,801 |
HP, Inc. | ||
4.20% 04/15/32 | 25,000 | 22,420 |
5.50% 01/15/33 | 15,000 | 14,733 |
6.00% 09/15/41 | 37,000 | 37,352 |
HSBC Holdings PLC | ||
5.25% 03/14/44 | 75,000 | 67,526 |
HSBC Holdings PLC (4.29% fixed rate until 09/12/25; 1.61% + 3 month Term SOFR) | ||
4.29% 09/12/26 (f) | 50,000 | 48,080 |
HSBC Holdings PLC (7.39% fixed rate until 11/03/27; 3.35% + SOFR thereafter) | ||
7.39% 11/03/28 (f) | 250,000 | 263,952 |
Hubbell, Inc. | ||
3.50% 02/15/28 | 50,000 | 46,840 |
Huntington Bancshares, Inc. (5.02% fixed rate until 05/17/32; 2.05% + SOFR thereafter) | ||
5.02% 05/17/33 (f) | 35,000 | 32,017 |
Huntsman International LLC | ||
4.50% 05/01/29 | 20,000 | 18,312 |
Hyatt Hotels Corp. | ||
5.75% 04/23/30 | 25,000 | 25,083 |
IDEX Corp. | ||
3.00% 05/01/30 | 10,000 | 8,788 |
Illinois Tool Works, Inc. | ||
2.65% 11/15/26 | 50,000 | 46,836 |
Indiana University Health, Inc. Obligated Group | ||
2.85% 11/01/51 | 15,000 | 10,048 |
ING Groep NV | ||
4.05% 04/09/29 | 50,000 | 46,670 |
Intel Corp. | ||
2.45% 11/15/29 | 25,000 | 21,670 |
3.75% 03/25/27 | 50,000 | 48,097 |
4.15% 08/05/32 | 25,000 | 23,831 |
4.60% 03/25/40 | 50,000 | 46,716 |
4.90% 08/05/52 | 25,000 | 23,052 |
Principal Amount | Fair Value | |
Inter-American Development Bank | ||
1.13% 01/13/31 (e) | $ 75,000 | $ 60,667 |
7.00% 06/15/25 (e) | 200,000 | 206,642 |
Intercontinental Exchange, Inc. | ||
3.00% 06/15/50 | 15,000 | 10,406 |
3.65% 05/23/25 | 75,000 | 73,493 |
4.60% 03/15/33 | 15,000 | 14,537 |
International Bank for Reconstruction & Development | ||
1.25% 02/10/31 (e) | 150,000 | 122,494 |
2.50% 07/29/25 (e) | 100,000 | 95,396 |
3.13% 06/15/27 (e) | 50,000 | 47,648 |
3.63% 09/21/29 (e) | 250,000 | 242,815 |
International Business Machines Corp. | ||
4.00% 06/20/42 | 50,000 | 42,226 |
6.22% 08/01/27 | 100,000 | 104,699 |
International Finance Corp. | ||
0.38% 07/16/25 (e) | 100,000 | 91,493 |
International Flavors & Fragrances, Inc. | ||
5.00% 09/26/48 | 15,000 | 12,721 |
Interpublic Group of Cos., Inc. | ||
4.65% 10/01/28 | 10,000 | 9,639 |
Interstate Power & Light Co. | ||
6.25% 07/15/39 | 75,000 | 79,199 |
Invitation Homes Operating Partnership LP | ||
2.70% 01/15/34 | 15,000 | 11,389 |
Jabil, Inc. | ||
4.25% 05/15/27 | 15,000 | 14,301 |
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||
5.13% 02/01/28 (d) | 50,000 | 47,972 |
5.75% 04/01/33 (d) | 35,000 | 32,962 |
6.50% 12/01/52 (d) | 15,000 | 14,188 |
Jefferies Financial Group, Inc. | ||
2.75% 10/15/32 | 35,000 | 26,926 |
4.85% 01/15/27 | 75,000 | 73,482 |
John Deere Capital Corp. | ||
1.45% 01/15/31 | 70,000 | 55,884 |
2.35% 03/08/27 | 25,000 | 22,891 |
3.35% 04/18/29 | 50,000 | 46,507 |
3.45% 03/13/25 | 50,000 | 48,570 |
Johnson & Johnson | ||
3.40% 01/15/38 | 25,000 | 21,791 |
Johnson Controls International PLC | ||
6.00% 01/15/36 | 75,000 | 77,784 |
JPMorgan Chase & Co. | ||
3.63% 12/01/27 | 100,000 | 93,852 |
6.40% 05/15/38 | 100,000 | 111,599 |
80 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
JPMorgan Chase & Co. (2.01% fixed rate until 03/13/25; 1.59% + 3-month Term SOFR) | ||
2.01% 03/13/26 (f) | $ 100,000 | $ 93,932 |
JPMorgan Chase & Co. (2.95% fixed rate until 02/24/27; 1.17% + SOFR thereafter) | ||
2.95% 02/24/28 (f) | 30,000 | 27,543 |
JPMorgan Chase & Co. (3.70% fixed rate until 05/06/29; 1.42% + 3-month Term SOFR) | ||
3.70% 05/06/30 (f) | 75,000 | 68,854 |
JPMorgan Chase & Co. (3.90% fixed rate until 01/23/48; 1.48% + 3 month Term SOFR) | ||
3.90% 01/23/49 (f) | 25,000 | 20,203 |
JPMorgan Chase & Co. (4.08% fixed rate until 04/26/25; 1.32% + SOFR thereafter) | ||
4.08% 04/26/26 (f) | 250,000 | 243,027 |
JPMorgan Chase & Co. (4.26% fixed rate until 02/22/47; 1.84% + 3-month Term SOFR) | ||
4.26% 02/22/48 (f) | 50,000 | 43,318 |
JPMorgan Chase & Co. (4.45% fixed rate until 12/05/28; 1.59% + 3-month Term SOFR) | ||
4.45% 12/05/29 (f) | 50,000 | 47,970 |
JPMorgan Chase & Co. (4.59% fixed rate until 04/26/32; 1.80% + SOFR thereafter) | ||
4.59% 04/26/33 (f) | 40,000 | 38,135 |
JPMorgan Chase & Co. (5.72% fixed rate until 09/14/32; 2.58% + SOFR thereafter) | ||
5.72% 09/14/33 (f) | 75,000 | 76,099 |
Kaiser Foundation Hospitals | ||
3.00% 06/01/51 | 70,000 | 49,083 |
Kellogg Co. | ||
4.50% 04/01/46 | 50,000 | 44,323 |
Kemper Corp. | ||
3.80% 02/23/32 | 25,000 | 20,723 |
Kennametal, Inc. | ||
4.63% 06/15/28 | 25,000 | 23,797 |
Kentucky Utilities Co. | ||
4.38% 10/01/45 | 40,000 | 33,584 |
Keurig Dr Pepper, Inc. | ||
4.05% 04/15/32 | 35,000 | 32,527 |
4.42% 05/25/25 | 75,000 | 73,614 |
Principal Amount | Fair Value | |
KeyBank NA | ||
3.90% 04/13/29 | $ 100,000 | $ 78,917 |
Keysight Technologies, Inc. | ||
3.00% 10/30/29 | 25,000 | 21,914 |
Kilroy Realty LP | ||
3.45% 12/15/24 | 50,000 | 47,452 |
Kimberly-Clark Corp. | ||
2.00% 11/02/31 | 50,000 | 41,288 |
Kimco Realty OP LLC | ||
4.60% 02/01/33 | 25,000 | 23,144 |
Kinder Morgan Energy Partners LP | ||
5.00% 08/15/42 | 50,000 | 42,383 |
KLA Corp. | ||
4.65% 11/01/24 | 25,000 | 24,649 |
4.95% 07/15/52 | 25,000 | 24,609 |
Kraft Heinz Foods Co. | ||
6.88% 01/26/39 | 150,000 | 168,715 |
Kreditanstalt fuer Wiederaufbau | ||
0.38% 07/18/25 (e) | 50,000 | 45,652 |
0.75% 09/30/30 (e) | 75,000 | 59,617 |
2.00% 05/02/25 (e) | 75,000 | 71,038 |
3.88% 06/15/28 | 150,000 | 147,441 |
Kroger Co. | ||
3.95% 01/15/50 | 50,000 | 40,027 |
4.50% 01/15/29 | 25,000 | 24,431 |
Kyndryl Holdings, Inc. | ||
2.70% 10/15/28 | 75,000 | 61,037 |
L3Harris Technologies, Inc. | ||
3.83% 04/27/25 | 50,000 | 48,461 |
4.85% 04/27/35 | 40,000 | 38,402 |
Lam Research Corp. | ||
3.80% 03/15/25 | 65,000 | 63,517 |
Lear Corp. | ||
4.25% 05/15/29 | 25,000 | 23,464 |
Lennar Corp. | ||
5.25% 06/01/26 | 100,000 | 99,092 |
Lloyds Banking Group PLC | ||
4.65% 03/24/26 | 50,000 | 47,736 |
Lockheed Martin Corp. | ||
3.80% 03/01/45 | 25,000 | 21,066 |
4.15% 06/15/53 | 45,000 | 39,595 |
4.70% 05/15/46 | 50,000 | 48,235 |
Lowe's Cos., Inc. | ||
1.70% 10/15/30 | 45,000 | 36,072 |
2.50% 04/15/26 | 80,000 | 74,875 |
2.63% 04/01/31 | 25,000 | 21,090 |
3.00% 10/15/50 | 30,000 | 19,654 |
3.38% 09/15/25 | 30,000 | 28,762 |
4.25% 04/01/52 | 50,000 | 40,798 |
4.65% 04/15/42 | 25,000 | 22,275 |
State Street Total Return V.I.S. Fund | 81 |
Principal Amount | Fair Value | |
LYB International Finance III LLC | ||
3.80% 10/01/60 | $ 75,000 | $ 50,631 |
M&T Bank Corp. (4.55% fixed rate until 08/16/27; 1.78% + SOFR thereafter) | ||
4.55% 08/16/28 (f) | 15,000 | 14,006 |
Manulife Financial Corp. | ||
3.70% 03/16/32 | 50,000 | 45,488 |
Marathon Petroleum Corp. | ||
3.63% 09/15/24 | 50,000 | 48,698 |
4.50% 04/01/48 | 25,000 | 19,778 |
Markel Group, Inc. | ||
3.50% 11/01/27 | 50,000 | 46,494 |
Marriott International, Inc. | ||
3.75% 10/01/25 | 50,000 | 48,046 |
5.00% 10/15/27 | 55,000 | 54,598 |
5.75% 05/01/25 | 40,000 | 40,106 |
Martin Marietta Materials, Inc. | ||
3.50% 12/15/27 | 50,000 | 46,680 |
Marvell Technology, Inc. | ||
1.65% 04/15/26 | 25,000 | 22,525 |
Masco Corp. | ||
1.50% 02/15/28 | 75,000 | 63,877 |
Mastercard, Inc. | ||
2.95% 11/21/26 | 50,000 | 47,266 |
McDonald's Corp. | ||
3.50% 07/01/27 | 25,000 | 23,795 |
3.63% 09/01/49 | 55,000 | 43,398 |
3.70% 01/30/26 | 50,000 | 48,352 |
3.80% 04/01/28 | 50,000 | 47,923 |
4.60% 09/09/32 | 35,000 | 34,667 |
Memorial Sloan-Kettering Cancer Center | ||
4.13% 07/01/52 | 95,000 | 80,574 |
Merck & Co., Inc. | ||
2.75% 12/10/51 | 25,000 | 17,253 |
3.70% 02/10/45 | 50,000 | 42,470 |
4.00% 03/07/49 | 40,000 | 35,363 |
6.50% 12/01/33 | 100,000 | 114,941 |
Meta Platforms, Inc. | ||
4.45% 08/15/52 | 75,000 | 65,312 |
MetLife, Inc. | ||
4.13% 08/13/42 | 25,000 | 20,978 |
5.00% 07/15/52 | 30,000 | 28,289 |
6.50% 12/15/32 | 50,000 | 55,160 |
Microchip Technology, Inc. | ||
4.25% 09/01/25 | 75,000 | 72,677 |
Micron Technology, Inc. | ||
4.66% 02/15/30 | 75,000 | 70,736 |
Microsoft Corp. | ||
2.68% 06/01/60 | 50,000 | 33,489 |
3.45% 08/08/36 | 48,000 | 43,763 |
4.25% 02/06/47 | 50,000 | 48,550 |
Principal Amount | Fair Value | |
Mitsubishi UFJ Financial Group, Inc. | ||
4.05% 09/11/28 | $ 100,000 | $ 94,789 |
4.15% 03/07/39 | 25,000 | 22,312 |
Mizuho Financial Group, Inc. (2.84% fixed rate until 07/16/24; 1.24% + SOFR thereafter) | ||
2.84% 07/16/25 (f) | 100,000 | 96,291 |
Moody's Corp. | ||
3.25% 05/20/50 | 50,000 | 35,442 |
3.75% 03/24/25 | 50,000 | 48,632 |
Morgan Stanley | ||
4.00% 07/23/25 | 95,000 | 92,249 |
4.35% 09/08/26 | 50,000 | 48,292 |
4.38% 01/22/47 | 75,000 | 66,996 |
Morgan Stanley (2.48% fixed rate until 09/16/31; 1.36% + SOFR thereafter) | ||
2.48% 09/16/36 (f) | 50,000 | 37,845 |
Morgan Stanley (2.51% fixed rate until 10/20/31; 1.00% + SOFR thereafter) | ||
2.51% 10/20/32 (f) | 75,000 | 60,513 |
Morgan Stanley (2.80% fixed rate until 01/25/51; 1.43% + SOFR thereafter) | ||
2.80% 01/25/52 (f) | 25,000 | 16,421 |
Morgan Stanley (4.46% fixed rate until 04/22/38; 1.69% + 3-month Term SOFR) | ||
4.46% 04/22/39 (f) | 50,000 | 44,553 |
Morgan Stanley (4.89% fixed rate until 07/20/32; 2.08% + SOFR thereafter) | ||
4.89% 07/20/33 (f) | 60,000 | 57,712 |
Morgan Stanley (6.14% fixed rate until 10/16/25; 1.77% + SOFR thereafter) | ||
6.14% 10/16/26 (f) | 250,000 | 252,735 |
Motorola Solutions, Inc. | ||
5.60% 06/01/32 | 50,000 | 49,664 |
MPLX LP | ||
4.80% 02/15/29 | 70,000 | 67,613 |
4.95% 09/01/32 | 50,000 | 47,755 |
5.50% 02/15/49 | 50,000 | 45,563 |
Nasdaq, Inc. | ||
3.25% 04/28/50 | 20,000 | 13,531 |
National Australia Bank Ltd. | ||
3.50% 06/09/25 | 100,000 | 96,599 |
National Fuel Gas Co. | ||
4.75% 09/01/28 | 50,000 | 47,363 |
National Rural Utilities Cooperative Finance Corp. | ||
1.35% 03/15/31 | 50,000 | 38,102 |
3.45% 06/15/25 | 15,000 | 14,426 |
4.40% 11/01/48 | 10,000 | 8,528 |
82 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
NatWest Group PLC (3.75% fixed rate until 11/01/24; 2.10% + 5 year CMT Rate thereafter) | ||
3.75% 11/01/29 (f) | $ 100,000 | $ 93,822 |
NatWest Group PLC (4.89% fixed rate until 05/18/28; 1.75% + 3 month USD LIBOR thereafter) | ||
4.89% 05/18/29 (f) | 100,000 | 95,108 |
New York & Presbyterian Hospital | ||
2.26% 08/01/40 | 25,000 | 16,919 |
3.95% 08/01/19 | 35,000 | 25,299 |
Newmont Corp. | ||
2.60% 07/15/32 | 50,000 | 40,823 |
NextEra Energy Capital Holdings, Inc. | ||
3.50% 04/01/29 | 50,000 | 45,771 |
4.26% 09/01/24 | 15,000 | 14,750 |
Nomura Holdings, Inc. | ||
5.10% 07/03/25 | 50,000 | 49,082 |
Nordic Investment Bank | ||
0.38% 09/11/25 (e) | 75,000 | 68,182 |
Norfolk Southern Corp. | ||
3.16% 05/15/55 | 50,000 | 34,242 |
3.70% 03/15/53 | 25,000 | 19,357 |
3.80% 08/01/28 | 30,000 | 28,410 |
3.94% 11/01/47 | 35,000 | 28,309 |
Northern Trust Corp. | ||
1.95% 05/01/30 | 40,000 | 32,906 |
Northrop Grumman Corp. | ||
2.93% 01/15/25 | 50,000 | 48,068 |
5.15% 05/01/40 | 75,000 | 73,914 |
Northwell Healthcare, Inc. | ||
3.81% 11/01/49 | 50,000 | 37,601 |
Northwestern University | ||
3.66% 12/01/57 | 10,000 | 8,263 |
Novartis Capital Corp. | ||
4.40% 05/06/44 | 50,000 | 47,973 |
Nucor Corp. | ||
3.13% 04/01/32 | 10,000 | 8,657 |
Nutrien Ltd. | ||
5.88% 12/01/36 | 75,000 | 75,958 |
NVIDIA Corp. | ||
1.55% 06/15/28 | 50,000 | 43,663 |
NXP BV/NXP Funding LLC | ||
5.55% 12/01/28 | 100,000 | 100,781 |
NXP BV/NXP Funding LLC/NXP USA, Inc. | ||
3.13% 02/15/42 | 75,000 | 52,514 |
Oesterreichische Kontrollbank AG | ||
1.50% 02/12/25 (e) | 50,000 | 47,146 |
2.88% 05/23/25 (e) | 25,000 | 23,994 |
Principal Amount | Fair Value | |
Oglethorpe Power Corp. | ||
4.50% 04/01/47 | $ 15,000 | $ 12,385 |
OhioHealth Corp. | ||
2.83% 11/15/41 | 25,000 | 18,085 |
Oklahoma Gas & Electric Co. | ||
3.30% 03/15/30 | 50,000 | 44,899 |
Omega Healthcare Investors, Inc. | ||
5.25% 01/15/26 | 150,000 | 144,264 |
Omnicom Group, Inc. | ||
4.20% 06/01/30 | 75,000 | 70,253 |
Oncor Electric Delivery Co. LLC | ||
4.15% 06/01/32 | 20,000 | 19,046 |
4.60% 06/01/52 | 50,000 | 45,795 |
ONE Gas, Inc. | ||
4.50% 11/01/48 | 20,000 | 17,214 |
ONEOK Partners LP | ||
6.13% 02/01/41 | 62,000 | 59,943 |
ONEOK, Inc. | ||
4.35% 03/15/29 | 50,000 | 46,525 |
4.50% 03/15/50 | 50,000 | 38,168 |
Oracle Corp. | ||
3.25% 05/15/30 | 50,000 | 44,580 |
3.60% 04/01/40 | 50,000 | 38,690 |
4.30% 07/08/34 | 75,000 | 68,119 |
4.50% 07/08/44 | 75,000 | 62,719 |
Orange SA | ||
9.00% 03/01/31 | 50,000 | 61,432 |
ORIX Corp. | ||
5.20% 09/13/32 | 100,000 | 101,344 |
Otis Worldwide Corp. | ||
2.06% 04/05/25 | 50,000 | 47,143 |
Owens Corning | ||
3.88% 06/01/30 | 25,000 | 22,875 |
Pacific Gas & Electric Co. | ||
3.25% 06/01/31 | 60,000 | 48,831 |
3.50% 08/01/50 | 50,000 | 31,890 |
4.40% 03/01/32 | 25,000 | 21,702 |
6.10% 01/15/29 | 100,000 | 98,442 |
PacifiCorp | ||
6.25% 10/15/37 | 203,000 | 202,945 |
Paramount Global | ||
5.85% 09/01/43 | 25,000 | 21,322 |
Parker-Hannifin Corp. | ||
4.00% 06/14/49 | 20,000 | 16,629 |
PeaceHealth Obligated Group | ||
3.22% 11/15/50 | 25,000 | 16,848 |
PepsiCo, Inc. | ||
2.75% 03/19/30 | 50,000 | 45,004 |
3.45% 10/06/46 | 25,000 | 20,645 |
3.50% 07/17/25 | 150,000 | 145,939 |
Pfizer, Inc. | ||
4.13% 12/15/46 | 50,000 | 44,951 |
State Street Total Return V.I.S. Fund | 83 |
Principal Amount | Fair Value | |
4.30% 06/15/43 | $ 50,000 | $ 46,211 |
Philip Morris International, Inc. | ||
1.75% 11/01/30 | 75,000 | 59,332 |
3.38% 08/15/29 | 50,000 | 45,162 |
3.88% 08/21/42 | 42,000 | 33,293 |
Phillips 66 Co. | ||
3.15% 12/15/29 | 50,000 | 43,644 |
Pioneer Natural Resources Co. | ||
1.13% 01/15/26 | 50,000 | 45,077 |
PNC Bank NA | ||
3.10% 10/25/27 | 100,000 | 91,617 |
PNC Financial Services Group, Inc. | ||
2.60% 07/23/26 | 50,000 | 46,176 |
PNC Financial Services Group, Inc. (4.63% fixed rate until 06/06/32; 1.85% + SOFR thereafter) | ||
4.63% 06/06/33 (f) | 25,000 | 22,980 |
President & Fellows of Harvard College | ||
3.15% 07/15/46 | 50,000 | 38,553 |
Principal Financial Group, Inc. | ||
3.40% 05/15/25 | 50,000 | 47,860 |
Procter & Gamble Co. | ||
2.45% 11/03/26 | 75,000 | 70,249 |
5.55% 03/05/37 | 75,000 | 83,661 |
Progressive Corp. | ||
4.20% 03/15/48 | 50,000 | 42,734 |
Prologis LP | ||
2.25% 01/15/32 | 50,000 | 40,410 |
4.38% 02/01/29 | 65,000 | 62,411 |
Providence St Joseph Health Obligated Group | ||
3.93% 10/01/48 | 20,000 | 15,751 |
Public Service Co. of Colorado | ||
3.70% 06/15/28 | 50,000 | 47,426 |
4.10% 06/15/48 | 30,000 | 24,498 |
Public Service Electric & Gas Co. | ||
3.20% 08/01/49 | 40,000 | 29,596 |
3.80% 03/01/46 | 75,000 | 60,693 |
Puget Energy, Inc. | ||
3.65% 05/15/25 | 50,000 | 47,839 |
QUALCOMM, Inc. | ||
3.25% 05/20/50 | 65,000 | 48,855 |
4.25% 05/20/32 | 10,000 | 9,745 |
4.65% 05/20/35 | 50,000 | 49,970 |
Raymond James Financial, Inc. | ||
3.75% 04/01/51 | 75,000 | 56,742 |
Raytheon Technologies Corp. | ||
3.95% 08/16/25 | 15,000 | 14,696 |
4.63% 11/16/48 | 15,000 | 13,988 |
Principal Amount | Fair Value | |
Realty Income Corp. | ||
3.10% 12/15/29 | $ 25,000 | $ 21,910 |
3.25% 01/15/31 | 75,000 | 65,581 |
Regency Centers LP | ||
4.13% 03/15/28 | 25,000 | 23,349 |
Regeneron Pharmaceuticals, Inc. | ||
1.75% 09/15/30 | 45,000 | 35,867 |
Reliance Steel & Aluminum Co. | ||
1.30% 08/15/25 | 55,000 | 50,262 |
RELX Capital, Inc. | ||
4.00% 03/18/29 | 25,000 | 23,910 |
RenaissanceRe Holdings Ltd. | ||
3.60% 04/15/29 | 25,000 | 22,224 |
Revvity, Inc. | ||
2.25% 09/15/31 | 35,000 | 28,124 |
3.30% 09/15/29 | 15,000 | 13,416 |
Rio Tinto Finance USA Ltd. | ||
5.20% 11/02/40 | 50,000 | 50,488 |
Rockwell Automation, Inc. | ||
3.50% 03/01/29 | 45,000 | 42,359 |
Rogers Communications, Inc. | ||
4.50% 03/15/42 (d) | 10,000 | 8,298 |
7.50% 08/15/38 | 150,000 | 165,472 |
Roper Technologies, Inc. | ||
3.80% 12/15/26 | 75,000 | 71,765 |
Ross Stores, Inc. | ||
4.60% 04/15/25 | 50,000 | 49,002 |
Royal Bank of Canada | ||
3.88% 05/04/32 | 50,000 | 45,818 |
4.24% 08/03/27 | 50,000 | 48,292 |
RPM International, Inc. | ||
4.25% 01/15/48 | 50,000 | 38,432 |
Ryder System, Inc. | ||
1.75% 09/01/26 | 15,000 | 13,362 |
4.30% 06/15/27 | 10,000 | 9,621 |
S&P Global, Inc. | ||
2.45% 03/01/27 | 75,000 | 69,233 |
3.70% 03/01/52 | 50,000 | 40,936 |
Sabine Pass Liquefaction LLC | ||
5.63% 03/01/25 | 135,000 | 134,549 |
Sabra Health Care LP | ||
3.90% 10/15/29 | 25,000 | 20,447 |
Safehold GL Holdings LLC | ||
2.85% 01/15/32 | 25,000 | 19,177 |
Salesforce, Inc. | ||
2.70% 07/15/41 | 50,000 | 36,633 |
3.05% 07/15/61 | 25,000 | 17,016 |
Sempra Energy | ||
3.80% 02/01/38 | 25,000 | 20,712 |
Shell International Finance BV | ||
4.38% 05/11/45 | 50,000 | 45,055 |
6.38% 12/15/38 | 50,000 | 56,039 |
84 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
Sherwin-Williams Co. | ||
3.95% 01/15/26 | $ 100,000 | $ 96,904 |
Snap-on, Inc. | ||
3.10% 05/01/50 | 15,000 | 11,121 |
Sonoco Products Co. | ||
3.13% 05/01/30 | 75,000 | 65,416 |
Southern California Edison Co. | ||
3.45% 02/01/52 | 25,000 | 17,896 |
3.60% 02/01/45 | 50,000 | 36,620 |
4.20% 03/01/29 | 25,000 | 23,769 |
Southern California Gas Co. | ||
2.55% 02/01/30 | 50,000 | 43,044 |
Southern Co. | ||
4.48% 08/01/24 (h) | 75,000 | 73,644 |
Southwest Airlines Co. | ||
3.00% 11/15/26 | 50,000 | 45,946 |
Southwest Gas Corp. | ||
4.05% 03/15/32 | 15,000 | 13,500 |
Southwestern Electric Power Co. | ||
3.25% 11/01/51 | 25,000 | 16,790 |
Spirit Realty LP | ||
2.70% 02/15/32 | 30,000 | 22,920 |
Stanley Black & Decker, Inc. | ||
3.40% 03/01/26 | 75,000 | 71,113 |
Starbucks Corp. | ||
3.00% 02/14/32 | 45,000 | 39,069 |
3.75% 12/01/47 | 35,000 | 27,700 |
3.80% 08/15/25 | 50,000 | 48,426 |
Stryker Corp. | ||
4.63% 03/15/46 | 25,000 | 23,266 |
Sumitomo Mitsui Financial Group, Inc. | ||
1.47% 07/08/25 | 50,000 | 45,952 |
2.14% 09/23/30 | 25,000 | 19,891 |
3.01% 10/19/26 | 100,000 | 92,538 |
3.35% 10/18/27 | 50,000 | 46,111 |
4.31% 10/16/28 | 25,000 | 23,662 |
Suncor Energy, Inc. | ||
6.85% 06/01/39 | 50,000 | 53,726 |
Suzano Austria GmbH | ||
3.75% 01/15/31 | 55,000 | 46,972 |
Synchrony Financial | ||
3.95% 12/01/27 | 25,000 | 21,777 |
Sysco Corp. | ||
3.25% 07/15/27 | 75,000 | 70,088 |
6.60% 04/01/40 | 50,000 | 54,041 |
Tampa Electric Co. | ||
4.30% 06/15/48 | 25,000 | 20,892 |
Tapestry, Inc. | ||
3.05% 03/15/32 | 25,000 | 19,974 |
Target Corp. | ||
2.25% 04/15/25 | 50,000 | 47,684 |
Principal Amount | Fair Value | |
4.50% 09/15/32 | $ 25,000 | $ 24,408 |
Teck Resources Ltd. | ||
6.25% 07/15/41 | 25,000 | 25,190 |
Telefonica Emisiones SA | ||
7.05% 06/20/36 | 50,000 | 54,640 |
TELUS Corp. | ||
4.60% 11/16/48 | 50,000 | 42,890 |
Tennessee Gas Pipeline Co. LLC | ||
7.00% 10/15/28 | 200,000 | 210,990 |
Texas Instruments, Inc. | ||
3.65% 08/16/32 | 15,000 | 13,945 |
3.88% 03/15/39 | 50,000 | 44,841 |
Textron, Inc. | ||
3.90% 09/17/29 | 50,000 | 45,910 |
Thermo Fisher Scientific, Inc. | ||
1.75% 10/15/28 | 20,000 | 17,231 |
Time Warner Cable LLC | ||
4.50% 09/15/42 | 75,000 | 55,977 |
7.30% 07/01/38 | 50,000 | 50,973 |
Timken Co. | ||
4.50% 12/15/28 | 20,000 | 19,046 |
T-Mobile USA, Inc. | ||
3.60% 11/15/60 | 45,000 | 31,590 |
Toronto-Dominion Bank | ||
0.75% 09/11/25 | 50,000 | 45,257 |
1.95% 01/12/27 | 50,000 | 44,991 |
Tosco Corp. | ||
8.13% 02/15/30 | 150,000 | 174,586 |
TotalEnergies Capital International SA | ||
3.39% 06/29/60 | 50,000 | 36,685 |
Toyota Motor Credit Corp. | ||
3.00% 04/01/25 | 50,000 | 48,176 |
4.55% 09/20/27 | 25,000 | 24,670 |
Trane Technologies Luxembourg Finance SA | ||
4.50% 03/21/49 | 50,000 | 44,311 |
TransCanada PipeLines Ltd. | ||
1.00% 10/12/24 | 30,000 | 28,218 |
5.85% 03/15/36 | 150,000 | 149,677 |
Travelers Cos., Inc. | ||
4.00% 05/30/47 | 50,000 | 42,065 |
Truist Bank | ||
3.30% 05/15/26 | 100,000 | 91,669 |
Truist Financial Corp. | ||
1.95% 06/05/30 | 25,000 | 19,878 |
2.50% 08/01/24 | 50,000 | 48,221 |
Truist Financial Corp. (4.92% fixed rate until 07/28/32; 2.24% + SOFR thereafter) | ||
4.92% 07/28/33 (f) | 25,000 | 22,832 |
Tucson Electric Power Co. | ||
4.85% 12/01/48 | 50,000 | 44,191 |
State Street Total Return V.I.S. Fund | 85 |
Principal Amount | Fair Value | |
TWDC Enterprises 18 Corp. | ||
3.00% 07/30/46 | $ 75,000 | $ 53,895 |
Tyco Electronics Group SA | ||
2.50% 02/04/32 | 45,000 | 37,816 |
Tyson Foods, Inc. | ||
4.00% 03/01/26 | 15,000 | 14,490 |
4.88% 08/15/34 | 45,000 | 43,353 |
U.S. Bancorp | ||
3.95% 11/17/25 | 50,000 | 48,098 |
U.S. Bancorp (4.55% fixed rate until 07/22/27; 1.66% + SOFR thereafter) | ||
4.55% 07/22/28 (f) | 25,000 | 23,936 |
UBS Group AG | ||
4.88% 05/15/45 | 50,000 | 43,207 |
Unilever Capital Corp. | ||
2.90% 05/05/27 | 50,000 | 46,764 |
3.50% 03/22/28 | 75,000 | 71,832 |
Union Electric Co. | ||
3.50% 03/15/29 | 25,000 | 23,044 |
3.65% 04/15/45 | 35,000 | 27,106 |
Union Pacific Corp. | ||
2.80% 02/14/32 | 15,000 | 12,942 |
3.38% 02/14/42 | 10,000 | 8,002 |
3.55% 08/15/39 | 15,000 | 12,561 |
3.95% 08/15/59 | 20,000 | 16,252 |
4.95% 09/09/52 | 50,000 | 49,675 |
United Airlines Pass-Through Trust | ||
5.88% 04/15/29 | 122,176 | 121,292 |
UnitedHealth Group, Inc. | ||
3.70% 12/15/25 | 110,000 | 106,103 |
3.75% 10/15/47 | 25,000 | 20,559 |
3.88% 12/15/28 | 15,000 | 14,391 |
4.45% 12/15/48 | 10,000 | 9,114 |
4.63% 07/15/35 | 45,000 | 44,025 |
5.95% 02/15/41 | 125,000 | 135,226 |
6.88% 02/15/38 | 50,000 | 59,637 |
University of Notre Dame du Lac | ||
3.39% 02/15/48 | 25,000 | 20,369 |
Vale Overseas Ltd. | ||
6.88% 11/10/39 | 75,000 | 78,683 |
Valero Energy Corp. | ||
6.63% 06/15/37 | 50,000 | 53,683 |
Ventas Realty LP | ||
3.50% 02/01/25 | 150,000 | 143,661 |
VeriSign, Inc. | ||
2.70% 06/15/31 | 30,000 | 24,983 |
Verisk Analytics, Inc. | ||
4.13% 03/15/29 | 60,000 | 57,276 |
Verizon Communications, Inc. | ||
2.88% 11/20/50 | 50,000 | 32,556 |
3.88% 02/08/29 - 03/01/52 | 105,000 | 83,164 |
4.02% 12/03/29 | 50,000 | 46,642 |
Principal Amount | Fair Value | |
4.33% 09/21/28 | $ 34,000 | $ 32,761 |
VF Corp. | ||
2.95% 04/23/30 | 75,000 | 61,720 |
VMware, Inc. | ||
4.50% 05/15/25 | 25,000 | 24,473 |
Vodafone Group PLC | ||
4.25% 09/17/50 | 75,000 | 60,197 |
Vulcan Materials Co. | ||
4.70% 03/01/48 | 50,000 | 44,640 |
W R Berkley Corp. | ||
4.00% 05/12/50 | 20,000 | 15,682 |
Wachovia Corp. | ||
5.50% 08/01/35 | 100,000 | 97,956 |
Walmart, Inc. | ||
3.25% 07/08/29 | 40,000 | 37,515 |
Walt Disney Co. | ||
3.38% 11/15/26 | 50,000 | 47,578 |
3.60% 01/13/51 | 25,000 | 19,894 |
4.70% 03/23/50 | 50,000 | 47,803 |
Warnermedia Holdings, Inc. | ||
3.64% 03/15/25 | 50,000 | 48,236 |
3.76% 03/15/27 | 75,000 | 69,980 |
4.28% 03/15/32 | 40,000 | 35,443 |
5.05% 03/15/42 | 15,000 | 12,584 |
5.39% 03/15/62 | 15,000 | 12,191 |
Waste Connections, Inc. | ||
3.50% 05/01/29 | 50,000 | 46,045 |
Waste Management, Inc. | ||
2.00% 06/01/29 | 25,000 | 21,385 |
Wells Fargo & Co. | ||
4.15% 01/24/29 | 100,000 | 94,763 |
4.40% 06/14/46 | 50,000 | 40,740 |
Wells Fargo & Co. (4.90% fixed rate until 07/25/32; 2.10% + SOFR thereafter) | ||
4.90% 07/25/33 (f) | 60,000 | 57,515 |
Welltower OP LLC | ||
4.13% 03/15/29 | 75,000 | 69,565 |
Western Digital Corp. | ||
3.10% 02/01/32 | 30,000 | 22,208 |
Westlake Corp. | ||
4.38% 11/15/47 | 50,000 | 39,495 |
Westpac Banking Corp. | ||
1.95% 11/20/28 | 25,000 | 21,444 |
3.74% 08/26/25 | 50,000 | 48,257 |
Whirlpool Corp. | ||
4.70% 05/14/32 | 15,000 | 14,400 |
Williams Cos., Inc. | ||
5.75% 06/24/44 | 65,000 | 63,404 |
Wisconsin Electric Power Co. | ||
4.30% 10/15/48 | 10,000 | 8,640 |
Wisconsin Public Service Corp. | ||
3.30% 09/01/49 | 20,000 | 14,397 |
86 | State Street Total Return V.I.S. Fund |
Principal Amount | Fair Value | |
WP Carey, Inc. | ||
3.85% 07/15/29 | $ 50,000 | $ 45,290 |
Zimmer Biomet Holdings, Inc. | ||
3.55% 04/01/25 | 50,000 | 48,224 |
Zoetis, Inc. | ||
3.00% 05/15/50 | 70,000 | 49,058 |
36,777,318 | ||
Non-Agency Collateralized Mortgage Obligations - 0.1% | ||
Bank | ||
2.98% 11/15/62 | 50,000 | 43,242 |
3.01% 09/15/62 | 50,000 | 42,798 |
BBCMS Mortgage Trust | ||
2.69% 11/15/54 | 150,000 | 123,768 |
4.31% 12/15/51 | 50,000 | 47,026 |
Benchmark Mortgage Trust | ||
2.58% 04/15/54 | 150,000 | 119,215 |
Citigroup Commercial Mortgage Trust | ||
2.87% 08/10/56 | 100,000 | 85,825 |
4.03% 05/10/47 | 100,000 | 96,918 |
COMM Mortgage Trust | ||
3.18% 02/10/48 | 150,000 | 142,928 |
CSAIL Commercial Mortgage Trust | ||
3.45% 09/15/50 | 150,000 | 135,955 |
GS Mortgage Securities Trust | ||
2.78% 10/10/49 | 44,204 | 42,169 |
3.97% 02/10/52 | 50,000 | 45,870 |
JPMBB Commercial Mortgage Securities Trust | ||
3.80% 09/15/47 | 75,000 | 72,482 |
Morgan Stanley Bank of America Merrill Lynch Trust | ||
3.72% 12/15/49 | 89,000 | 82,601 |
Morgan Stanley Capital I Trust | ||
3.60% 12/15/49 | 150,000 | 138,682 |
UBS Commercial Mortgage Trust | ||
4.07% 12/15/51 | 40,223 | 37,378 |
Wells Fargo Commercial Mortgage Trust | ||
2.73% 02/15/53 | 100,000 | 84,089 |
3.73% 05/15/52 | 175,000 | 158,153 |
1,499,099 | ||
Sovereign Bonds - 0.1% | ||
Chile Government International Bonds | ||
3.86% 06/21/47 (e) | 100,000 | 81,947 |
Export Development Canada | ||
3.00% 05/25/27 (e) | 50,000 | 47,397 |
Export-Import Bank of Korea | ||
1.13% 12/29/26 (e) | 200,000 | 173,114 |
Principal Amount | Fair Value | |
Indonesia Government International Bonds | ||
3.05% 03/12/51 (e) | $ 100,000 | $ 73,330 |
4.75% 02/11/29 (e) | 100,000 | 99,618 |
Israel Government International Bonds | ||
3.88% 07/03/50 (e) | 100,000 | 82,308 |
Japan Bank for International Cooperation | ||
1.25% 01/21/31 (e) | 150,000 | 118,740 |
2.88% 07/21/27 (e) | 100,000 | 93,255 |
Korea Development Bank | ||
2.13% 10/01/24 (e) | 100,000 | 95,875 |
Korea International Bonds | ||
1.75% 10/15/31 (e) | 100,000 | 83,293 |
Mexico Government International Bonds | ||
3.75% 01/11/28 (e) | 100,000 | 95,150 |
4.75% 03/08/44 (e) | 52,000 | 44,634 |
4.88% 05/19/33 (e) | 100,000 | 95,569 |
6.05% 01/11/40 (e) | 55,000 | 55,857 |
Panama Government International Bonds | ||
3.87% 07/23/60 (e) | 50,000 | 33,080 |
6.70% 01/26/36 (e) | 75,000 | 80,235 |
Peruvian Government International Bonds | ||
3.00% 01/15/34 (e) | 29,000 | 24,066 |
3.23% 07/28/21 (e) | 25,000 | 15,077 |
6.55% 03/14/37 (e) | 47,000 | 52,685 |
Philippines Government International Bonds | ||
2.95% 05/05/45 (e) | 100,000 | 71,859 |
10.63% 03/16/25 (e) | 250,000 | 273,812 |
Uruguay Government International Bonds | ||
5.10% 06/18/50 (e) | 50,000 | 49,940 |
1,840,841 | ||
Municipal Bonds and Notes - 0.1% | ||
Board of Regents of the University of Texas System, TX | ||
4.79% 08/15/46 | 100,000 | 100,874 |
Chicago O'Hare International Airport, IL | ||
4.47% 01/01/49 | 100,000 | 93,213 |
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue, IL | ||
6.90% 12/01/40 | 75,000 | 85,008 |
Commonwealth of Massachusetts, MA | ||
4.50% 08/01/31 | 100,000 | 97,391 |
Dallas Area Rapid Transit, TX | ||
5.02% 12/01/48 | 50,000 | 51,469 |
State Street Total Return V.I.S. Fund | 87 |
Principal Amount | Fair Value | |
Dallas Fort Worth International Airport, TX | ||
4.09% 11/01/51 | $ 5,000 | $ 4,409 |
Los Angeles Department of Water & Power, CA | ||
6.60% 07/01/50 | 90,000 | 111,383 |
Los Angeles Unified School District, CA | ||
5.76% 07/01/29 | 110,000 | 113,111 |
New York City Municipal Water Finance Authority, NY | ||
6.01% 06/15/42 | 50,000 | 57,062 |
New York State Dormitory Authority, NY | ||
3.14% 07/01/43 | 50,000 | 40,498 |
New York State Urban Development Corp., NY | ||
3.90% 03/15/33 | 25,000 | 23,368 |
North Texas Tollway Authority, TX | ||
6.72% 01/01/49 | 100,000 | 124,146 |
Port Authority of New York & New Jersey, NY | ||
5.31% 08/01/46 | 125,000 | 125,312 |
Regents of the University of California Medical Center Pooled Revenue, CA | ||
6.58% 05/15/49 | 100,000 | 116,707 |
Sales Tax Securitization Corp., IL | ||
4.64% 01/01/40 | 25,000 | 23,851 |
San Joaquin Hills Transportation Corridor Agency, CA | ||
3.49% 01/15/50 | 100,000 | 78,256 |
South Carolina Public Service Authority, SC | ||
6.45% 01/01/50 | 50,000 | 55,918 |
State of California, CA | ||
2.50% 10/01/29 | 100,000 | 88,226 |
Principal Amount | Fair Value | |
7.60% 11/01/40 | $ 50,000 | $ 63,834 |
Texas Transportation Commission, TX | ||
2.56% 04/01/42 | 80,000 | 60,884 |
1,514,920 | ||
Total Bonds and Notes (Cost $222,328,227) | 202,473,896 | |
Number of Shares | ||
Exchange Traded & Mutual Funds - 12.0% | ||
SPDR Bloomberg High Yield Bond ETF (i) | 596,168 | 54,865,341 |
SPDR Bloomberg International Treasury Bond ETF (i) | 2,424,748 | 54,678,068 |
SPDR Gold Shares (a)(i) | 112,993 | 20,143,262 |
SPDR Portfolio Aggregate Bond ETF (i) | 268,144 | 6,802,813 |
SPDR Portfolio Long Term Treasury ETF (i) | 922,192 | 27,573,541 |
Total Exchange Traded & Mutual Funds (Cost $163,829,650) | 164,063,025 | |
Total Investments in Securities (Cost $1,255,195,543) | 1,297,987,666 | |
Short-Term Investments - 5.2% | ||
State Street Institutional U.S. Government Money Market Fund - Class G Shares 5.07% (i)(j) (Cost $70,735,502) | 70,735,502 | 70,735,502 |
Total Investments (Cost $1,325,931,045) | 1,368,723,168 | |
Other Assets and Liabilities, net - 0.1% | 2,001,623 | |
NET ASSETS - 100.0% | $ 1,370,724,791 |
The Fund had the following long futures contracts open at June 30, 2023: |
Description | Expiration Date | Number of Contracts | Notional Amount | Value | Unrealized Appreciation (Depreciation) |
MSCI EAFE Mini Index Futures | September 2023 | 40 | $ 4,267,631 | $ 4,311,000 | $ 43,369 |
S&P/Toronto Stock Exchange 60 Index | September 2023 | 2 | 362,468 | 368,366 | 5,898 |
MSCI Emerging Markets Index Futures | September 2023 | 20 | 1,004,834 | 997,900 | (6,934) |
E-mini Russell 2000 Index Futures | September 2023 | 45 | 4,278,709 | 4,283,325 | 4,616 |
E-mini Russell 1000 Index Futures | September 2023 | 16 | 1,910,533 | 1,966,720 | 56,187 |
$ 103,136 |
88 | State Street Total Return V.I.S. Fund |
(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) | 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) | 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, 2023, these securities amounted to $8,709,747 or 0.64% 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. |
(e) | At June 30, 2023, all or a portion of this security was pledged to cover collateral requirements for futures and/or TBAs. |
(f) | Variable Rate Security - Interest rate shown is rate in effect at June 30, 2023. For securities based on a published reference rate and spread, the reference rate and spread are indicated in the description above. |
(g) | Settlement is on a delayed delivery or when-issued basis with final maturity to be announced ("TBA") in the future. |
(h) | Step coupon bond. |
(i) | 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. |
(j) | Coupon amount represents effective yield. |
† | Percentages are based on net assets as of June 30, 2023. |
* | Less than 0.05%. |
** | Amount is less than $0.50. |
Abbreviations: |
ADR - American Depositary Receipt |
CMT - Constant Maturity Treasury |
GDR - Global Depositary Receipt |
LIBOR - London Interbank Offered Rate |
NVDR - Non-Voting Depositary Receipt |
REIT - Real Estate Investment Trust |
SOFR - Secured Overnight Financing Rate |
TBA - To Be Announced |
Investments | Level 1 | Level 2 | Level 3 | Total | |||
Investments in Securities | |||||||
Domestic Equity | $ 569,962,187 | $ 17,188,698 | $ —(a) | $ 587,150,885 | |||
Foreign Equity | 45,057,044 | 299,238,714 | 4,102 | 344,299,860 | |||
U.S. Treasuries | — | 121,707,678 | — | 121,707,678 | |||
Agency Mortgage Backed | — | 37,838,114 | — | 37,838,114 | |||
Agency Collateralized Mortgage Obligations | — | 821,433 | — | 821,433 | |||
Asset Backed | — | 474,493 | — | 474,493 | |||
Corporate Notes | — | 36,777,318 | — | 36,777,318 | |||
Non-Agency Collateralized Mortgage Obligations | — | 1,499,099 | — | 1,499,099 | |||
Sovereign Bonds | — | 1,840,841 | — | 1,840,841 | |||
Municipal Bonds and Notes | — | 1,514,920 | — | 1,514,920 | |||
Exchange Traded & Mutual Funds | 164,063,025 | — | — | 164,063,025 | |||
Short-Term Investments | 70,735,502 | — | — | 70,735,502 | |||
Total Investments in Securities | $ 849,817,758 | $ 518,901,308 | $ 4,102 | $ 1,368,723,168 | |||
Other Financial Instruments | |||||||
Long Futures Contracts - Unrealized Appreciation | $ 110,070 | $ — | $ — | $ 110,070 | |||
Long Futures Contracts - Unrealized Depreciation | (6,934) | — | — | (6,934) | |||
Total Other Financial Instruments | $ 103,136 | $ — | $ — | $ 103,136 |
(a) | The Fund held Level 3 securities that were valued at $0 at June 30, 2023. |
State Street Total Return V.I.S. Fund | 89 |
Country/Territory | Percentage (based on Fair Value) |
United States | 74.12% |
Japan | 3.95% |
China | 2.15% |
Canada | 2.12% |
United Kingdom | 2.09% |
France | 1.84% |
Germany | 1.51% |
Australia | 1.37% |
Switzerland | 1.09% |
Taiwan | 1.06% |
India | 1.00% |
Netherlands | 0.98% |
Republic of Korea | 0.89% |
Denmark | 0.53% |
Sweden | 0.52% |
Spain | 0.45% |
Brazil | 0.45% |
Hong Kong | 0.42% |
Italy | 0.38% |
Saudi Arabia | 0.29% |
Singapore | 0.29% |
South Africa | 0.25% |
Mexico | 0.24% |
Finland | 0.19% |
Belgium | 0.15% |
Thailand | 0.15% |
Indonesia | 0.15% |
Ireland | 0.14% |
Supranational | 0.12% |
Norway | 0.11% |
Israel | 0.11% |
Malaysia | 0.09% |
United Arab Emirates | 0.09% |
Philippines | 0.07% |
Chile | 0.06% |
Qatar | 0.06% |
Country/Territory | Percentage (based on Fair Value) |
Kuwait | 0.06% |
Poland | 0.06% |
Austria | 0.04% |
New Zealand | 0.04% |
Turkey | 0.04% |
Greece | 0.03% |
Bermuda | 0.03% |
Portugal | 0.03% |
Luxembourg | 0.03% |
Macau | 0.02% |
Puerto Rico | 0.02% |
Peru | 0.02% |
Hungary | 0.02% |
Zambia | 0.02% |
Czech Republic | 0.01% |
Panama | 0.01% |
Monaco | 0.01% |
Ghana | 0.01% |
Colombia | 0.01% |
Cameroon | 0.01% |
Burkina Faso | 0.00%*** |
Jordan | 0.00%*** |
Uruguay | 0.00%*** |
Cayman Islands | 0.00%*** |
Egypt | 0.00%*** |
Romania | 0.00%*** |
Bahamas | 0.00%*** |
UAE | 0.00%*** |
Guernsey | 0.00%*** |
Malta | 0.00%*** |
Gibraltar | 0.00%*** |
Russian Federation | 0.00%*** |
100.00% |
*** | Less than 0.005%. |
Industry | Domestic | Foreign | Total |
Exchange Traded Funds | 11.99% | 0.00% | 11.99% |
Diversified Banks | 0.85% | 3.17% | 4.02% |
Pharmaceuticals | 1.97% | 1.22% | 3.19% |
Technology Hardware, Storage & Peripherals | 2.64% | 0.50% | 3.14% |
Semiconductors | 2.20% | 0.78% | 2.98% |
Systems Software | 2.75% | 0.03% | 2.78% |
Interactive Media & Services | 1.80% | 0.40% | 2.20% |
Application Software | 1.30% | 0.33% | 1.63% |
Broadline Retail | 1.07% | 0.49% | 1.56% |
Automobile Manufacturers | 0.79% | 0.73% | 1.52% |
Integrated Oil & Gas | 0.65% | 0.81% | 1.46% |
Biotechnology | 1.32% | 0.11% | 1.43% |
90 | State Street Total Return V.I.S. Fund |
Industry | Domestic | Foreign | Total |
Healthcare Equipment | 1.08% | 0.20% | 1.28% |
Electric Utilities | 0.61% | 0.45% | 1.06% |
Packaged Foods & Meats | 0.74% | 0.30% | 1.04% |
Transaction & Payment Processing Services | 0.92% | 0.11% | 1.03% |
Aerospace & Defense | 0.64% | 0.31% | 0.95% |
Industrial Machinery & Supplies & Components | 0.54% | 0.36% | 0.90% |
Semiconductor Materials & Equipment | 0.37% | 0.51% | 0.88% |
Apparel, Accessories & Luxury Goods | 0.09% | 0.66% | 0.75% |
Oil & Gas Exploration & Production | 0.55% | 0.20% | 0.75% |
Life Sciences Tools & Services | 0.61% | 0.12% | 0.73% |
Restaurants | 0.50% | 0.23% | 0.73% |
Life & Health Insurance | 0.18% | 0.55% | 0.73% |
Regional Banks | 0.68% | 0.05% | 0.73% |
IT Consulting & Other Services | 0.38% | 0.29% | 0.67% |
Integrated Telecommunication Services | 0.25% | 0.42% | 0.67% |
Specialty Chemicals | 0.33% | 0.33% | 0.66% |
Electrical Components & Equipment | 0.44% | 0.21% | 0.65% |
Multi-Sector Holdings | 0.55% | 0.11% | 0.66% |
Industrial Conglomerates | 0.27% | 0.37% | 0.64% |
Trading Companies & Distributors | 0.26% | 0.37% | 0.63% |
Managed Healthcare | 0.60% | 0.00% | 0.60% |
Household Products | 0.46% | 0.12% | 0.58% |
Soft Drinks & Non-alcoholic Beverages | 0.51% | 0.07% | 0.58% |
Consumer Staples Merchandise Retail | 0.52% | 0.06% | 0.58% |
Property & Casualty Insurance | 0.38% | 0.21% | 0.59% |
Financial Exchanges & Data | 0.38% | 0.20% | 0.58% |
Asset Management & Custody Banks | 0.39% | 0.18% | 0.57% |
Diversified Metals & Mining | 0.02% | 0.52% | 0.54% |
Building Products | 0.32% | 0.19% | 0.51% |
Personal Care Products | 0.12% | 0.38% | 0.50% |
Rail Transportation | 0.22% | 0.28% | 0.50% |
Movies & Entertainment | 0.42% | 0.05% | 0.47% |
Construction Machinery & Heavy Transportation Equipment | 0.26% | 0.18% | 0.44% |
Multi-Utilities | 0.27% | 0.17% | 0.44% |
Research & Consulting Services | 0.26% | 0.17% | 0.43% |
Multi-Line Insurance | 0.07% | 0.36% | 0.43% |
Investment Banking & Brokerage | 0.35% | 0.07% | 0.42% |
Hotels, Resorts & Cruise Lines | 0.31% | 0.11% | 0.42% |
Home Improvement Retail | 0.40% | 0.01% | 0.41% |
Communications Equipment | 0.34% | 0.06% | 0.40% |
Food Retail | 0.06% | 0.33% | 0.39% |
Wireless Telecommunication Services | 0.08% | 0.30% | 0.38% |
Tobacco | 0.21% | 0.15% | 0.36% |
Construction & Engineering | 0.16% | 0.21% | 0.37% |
Oil & Gas Storage & Transportation | 0.17% | 0.19% | 0.36% |
Oil & Gas Refining & Marketing | 0.16% | 0.19% | 0.35% |
Electronic Components | 0.11% | 0.24% | 0.35% |
Air Freight & Logistics | 0.21% | 0.14% | 0.35% |
Steel | 0.14% | 0.20% | 0.34% |
Healthcare Services | 0.30% | 0.04% | 0.34% |
Industrial Gases | 0.22% | 0.11% | 0.33% |
Electronic Equipment & Instruments | 0.16% | 0.16% | 0.32% |
Healthcare Supplies | 0.12% | 0.18% | 0.30% |
Apparel Retail | 0.17% | 0.13% | 0.30% |
State Street Total Return V.I.S. Fund | 91 |
Industry | Domestic | Foreign | Total |
Interactive Home Entertainment | 0.13% | 0.17% | 0.30% |
Consumer Finance | 0.24% | 0.04% | 0.28% |
Human Resource & Employment Services | 0.21% | 0.07% | 0.28% |
Distillers & Vintners | 0.05% | 0.22% | 0.27% |
Casinos & Gaming | 0.12% | 0.15% | 0.27% |
Construction Materials | 0.13% | 0.13% | 0.26% |
Home Building | 0.21% | 0.05% | 0.26% |
Internet Services & Infrastructure | 0.17% | 0.09% | 0.26% |
Commodity Chemicals | 0.09% | 0.16% | 0.25% |
Retail REITs | 0.19% | 0.06% | 0.25% |
Automotive Parts & Equipment | 0.13% | 0.11% | 0.24% |
Gold | 0.04% | 0.20% | 0.24% |
Insurance Brokers | 0.23% | 0.00% | 0.23% |
Oil & Gas Equipment & Services | 0.22% | 0.01% | 0.23% |
Industrial REITs | 0.16% | 0.06% | 0.22% |
Cable & Satellite | 0.20% | 0.01% | 0.21% |
Brewers | 0.01% | 0.19% | 0.20% |
Automotive Retail | 0.17% | 0.02% | 0.19% |
Consumer Electronics | 0.02% | 0.17% | 0.19% |
Diversified Financial Services | 0.06% | 0.13% | 0.19% |
Environmental & Facilities Services | 0.15% | 0.04% | 0.19% |
Healthcare Facilities | 0.13% | 0.05% | 0.18% |
Gas Utilities | 0.07% | 0.10% | 0.17% |
Passenger Airlines | 0.11% | 0.05% | 0.16% |
Agricultural & Farm Machinery | 0.12% | 0.05% | 0.17% |
Footwear | 0.15% | 0.01% | 0.16% |
Diversified Capital Markets | 0.00% | 0.15% | 0.15% |
Fertilizers & Agricultural Chemicals | 0.07% | 0.08% | 0.15% |
Healthcare Distributors | 0.12% | 0.02% | 0.14% |
Reinsurance | 0.06% | 0.08% | 0.14% |
Advertising | 0.08% | 0.06% | 0.14% |
Telecom Tower REITs | 0.14% | 0.00% | 0.14% |
Other Specialty Retail | 0.11% | 0.03% | 0.14% |
Diversified Support Services | 0.10% | 0.04% | 0.14% |
Multi-Family Residential REITs | 0.13% | 0.00% | 0.13% |
Diversified Real Estate Activities | 0.01% | 0.13% | 0.14% |
Cargo Ground Transportation | 0.11% | 0.01% | 0.12% |
Health Care REITs | 0.11% | 0.00% | 0.11% |
Electronic Manufacturing Services | 0.05% | 0.07% | 0.12% |
Office REITs | 0.08% | 0.03% | 0.11% |
Marine Transportation | 0.02% | 0.09% | 0.11% |
Diversified Chemicals | 0.01% | 0.10% | 0.11% |
Real Estate Operating Companies | 0.01% | 0.09% | 0.10% |
Leisure Products | 0.06% | 0.04% | 0.10% |
Data Processing & Outsourced Services | 0.08% | 0.02% | 0.10% |
Mortgage REITs | 0.10% | 0.00% | 0.10% |
Passenger Ground Transportation | 0.08% | 0.02% | 0.10% |
Copper | 0.05% | 0.05% | 0.10% |
Independent Power Producers & Energy Traders | 0.02% | 0.07% | 0.09% |
Heavy Electrical Equipment | 0.01% | 0.08% | 0.09% |
Diversified REITs | 0.05% | 0.05% | 0.10% |
Real Estate Development | 0.00% | 0.09% | 0.09% |
Data Center REITs | 0.09% | 0.00% | 0.09% |
Paper & Plastic Packaging Products & Materials | 0.07% | 0.02% | 0.09% |
92 | State Street Total Return V.I.S. Fund |
Industry | Domestic | Foreign | Total |
Water Utilities | 0.06% | 0.03% | 0.09% |
Other Specialized REITs | 0.08% | 0.00% | 0.08% |
Agricultural Products & Services | 0.07% | 0.01% | 0.08% |
Self Storage REITs | 0.08% | 0.00% | 0.08% |
Healthcare Technology | 0.07% | 0.01% | 0.08% |
Coal & Consumable Fuels | 0.03% | 0.05% | 0.08% |
Real Estate Services | 0.06% | 0.02% | 0.08% |
Leisure Facilities | 0.03% | 0.05% | 0.08% |
Education Services | 0.05% | 0.02% | 0.07% |
Food Distributors | 0.06% | 0.01% | 0.07% |
Metal, Glass & Plastic Containers | 0.06% | 0.01% | 0.07% |
Tires & Rubber | 0.01% | 0.06% | 0.07% |
Renewable Electricity | 0.03% | 0.04% | 0.07% |
Hotel & Resort REITs | 0.06% | 0.00% | 0.06% |
Technology Distributors | 0.06% | 0.01% | 0.07% |
Commercial & Residential Mortgage Finance | 0.06% | 0.00% | 0.06% |
Single-Family Residential REITs | 0.06% | 0.00% | 0.06% |
Paper Products | 0.01% | 0.05% | 0.06% |
Oil & Gas Drilling | 0.04% | 0.01% | 0.05% |
Highways & Railtracks | 0.00% | 0.05% | 0.05% |
Drug Retail | 0.02% | 0.03% | 0.05% |
Distributors | 0.05% | 0.00% | 0.05% |
Broadcasting | 0.04% | 0.01% | 0.05% |
Airport Services | 0.00% | 0.05% | 0.05% |
Aluminum | 0.02% | 0.02% | 0.04% |
Timber REITs | 0.04% | 0.00% | 0.04% |
Household Appliances | 0.02% | 0.02% | 0.04% |
Home Furnishing Retail | 0.03% | 0.01% | 0.04% |
Motorcycle Manufacturers | 0.00% | 0.03% | 0.03% |
Security & Alarm Services | 0.01% | 0.02% | 0.03% |
Alternative Carriers | 0.03% | 0.00% | 0.03% |
Specialized Finance | 0.00% | 0.02% | 0.02% |
Specialized Consumer Services | 0.02% | 0.00% | 0.02% |
Publishing | 0.02% | 0.00% | 0.02% |
Computer & Electronics Retail | 0.03% | 0.00% | 0.03% |
Home Furnishings | 0.02% | 0.00% | 0.02% |
Forest Products | 0.01% | 0.01% | 0.02% |
Commercial Printing | 0.00% | 0.02% | 0.02% |
Precious Metals & Minerals | 0.00% | 0.02% | 0.02% |
Office Services & Supplies | 0.02% | 0.00% | 0.02% |
Silver | 0.01% | 0.01% | 0.02% |
Marine Ports & Services | 0.00% | 0.01% | 0.01% |
Textiles | 0.00% | 0.00% | 0.00%*** |
Housewares & Specialties | 0.00% | 0.00% | 0.00%*** |
80.04% |
State Street Total Return V.I.S. Fund | 93 |
Sector | Percentage (based on Fair Value) | ||
U.S. Treasuries | 8.89% | ||
Agency Mortgage Backed | 2.76% | ||
Corporate Notes | 2.69% | ||
Sovereign Bonds | 0.13% | ||
Municipal Bonds and Notes | 0.11% | ||
Non-Agency Collateralized Mortgage Obligations | 0.11% | ||
Agency Collateralized Mortgage Obligations | 0.06% |
Sector | Percentage (based on Fair Value) | ||
Asset Backed | 0.04% | ||
14.79% | |||
Short-Term Investments | 5.17% | ||
100.00% |
*** | Less than 0.005%. |
Affiliate Table |
Number of Shares Held at 12/31/22 | Value at 12/31/22 | Cost of Purchases | Proceeds from Shares Sold | Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Number of Shares Held at 6/30/23 | Value at 6/30/23 | Dividend Income | ||||||
SPDR Bloomberg High Yield Bond ETF | 150,705 | $ 13,563,450 | $ 70,110,417 | $ 28,019,633 | $(1,112,559) | $ 323,666 | 596,168 | $ 54,865,341 | $1,112,667 | |||||
SPDR Bloomberg International Treasury Bond ETF | 2,402,330 | 53,884,262 | 16,668,286 | 15,968,530 | (451,134) | 545,184 | 2,424,748 | 54,678,068 | 472,601 | |||||
SPDR Gold Shares | — | — | 22,625,714 | 2,390,500 | 56,016 | (147,968) | 112,993 | 20,143,262 | — | |||||
SPDR Portfolio Aggregate Bond ETF | 2,657,053 | 66,771,742 | 42,956,006 | 103,748,855 | 1,748,375 | (924,455) | 268,144 | 6,802,813 | 370,877 | |||||
SPDR Portfolio Long Term Treasury ETF | 1,523,635 | 44,231,124 | 30,246,322 | 48,061,144 | (3,328,769) | 4,486,008 | 922,192 | 27,573,541 | 430,471 | |||||
State Street Corp. | 3,761 | 291,741 | 82,436 | 41,060 | (2,712) | (18,585) | 4,261 | 311,820 | 5,117 | |||||
State Street Institutional U.S. Government Money Market Fund - Class G Shares | 52,907,231 | 52,907,231 | 240,756,015 | 222,927,744 | — | — | 70,735,502 | 70,735,502 | 1,186,990 | |||||
TOTAL | $231,649,550 | $423,445,196 | $421,157,466 | $(3,090,783) | $4,263,850 | $235,110,347 | $3,578,723 |
94 | State Street Total Return V.I.S. Fund |
Class 1 | ||||||||||||
6/30/23 (a) | 12/31/22 | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | |||||||
Inception date | 7/1/85 | |||||||||||
Net asset value, beginning of period | $ 13.06 | $ 16.06 | $ 16.63 | $ 15.91 | $ 14.06 | $ 19.94 | ||||||
Income/(loss) from investment operations: | ||||||||||||
Net investment income(b) | 0.15 | 0.29 | 0.40 | 0.27 | 0.34 | 0.40 | ||||||
Net realized and unrealized gains/(losses) on investments | 1.03 | (2.94) | 1.84 | 0.75 | 1.88 | (1.69) | ||||||
Total income/(loss) from investment operations | 1.18 | (2.65) | 2.24 | 1.02 | 2.22 | (1.29) | ||||||
Contribution from Advisor | — | — | 0.00 (c) | — | — | — | ||||||
Contribution from Affiliate | — | — | 0.00 (c) | — | — | — | ||||||
Less distributions from: | ||||||||||||
Net investment income | — | (0.13) | (0.39) | (0.30) | (0.37) | (0.45) | ||||||
Net realized gains | — | (0.22) | (2.42) | — | — | (4.14) | ||||||
Total distributions | — | (0.35) | (2.81) | (0.30) | (0.37) | (4.59) | ||||||
Net asset value, end of period | $ 14.24 | $ 13.06 | $ 16.06 | $ 16.63 | $ 15.91 | $ 14.06 | ||||||
Total Return(d) | 9.04% | (16.51)% | 13.45% (e) | 6.44% | 15.81% | (6.34)% | ||||||
Ratios/Supplemental Data: | ||||||||||||
Net assets, end of period (in thousands) | $609,047 | $588,132 | $768,504 | $743,820 | $764,667 | $733,417 | ||||||
Ratios to average net assets: | ||||||||||||
Net expenses | 0.63% (f) | 0.64% | 0.62% | 0.60% | 0.61% | 0.62% | ||||||
Gross expenses | 0.63% (f) | 0.64% | 0.62% | 0.60% | 0.61% | 0.62% | ||||||
Net investment income | 2.17% (f) | 2.02% | 2.22% | 1.77% | 2.24% | 2.01% | ||||||
Portfolio turnover rate | 37% (g) | 109% (g) | 118% (g) | 92% (g) | 81% | 97% |
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 6/30/2023 and years ended 12/31/22, 12/31/21 and 12/31/20 did not include To-Be-Announced transactions and, if it had, the portfolio turnover would have been 39%, 127%, 144% and 103%, respectively. |
Financial Highlights | 95 |
Class 3 | ||||||||||||
6/30/23 (a) | 12/31/22 | 12/31/21 | 12/31/20 | 12/31/19 | 12/31/18 | |||||||
Inception date | 5/1/06 | |||||||||||
Net asset value, beginning of period | $ 13.05 | $ 16.00 | $ 16.57 | $ 15.86 | $ 14.01 | $ 19.88 | ||||||
Income/(loss) from investment operations: | ||||||||||||
Net investment income(b) | 0.13 | 0.25 | 0.35 | 0.23 | 0.30 | 0.35 | ||||||
Net realized and unrealized gains/(losses) on investments | 1.03 | (2.92) | 1.84 | 0.74 | 1.88 | (1.69) | ||||||
Total income/(loss) from investment operations | 1.16 | (2.67) | 2.19 | 0.97 | 2.18 | (1.34) | ||||||
Contribution from Advisor | — | — | 0.00 (c) | — | — | — | ||||||
Contribution from Affiliate | — | — | 0.00 (c) | — | — | — | ||||||
Less distributions from: | ||||||||||||
Net investment income | — | (0.06) | (0.34) | (0.26) | (0.33) | (0.39) | ||||||
Net realized gains | — | (0.22) | (2.42) | — | — | (4.14) | ||||||
Total distributions | — | (0.28) | (2.76) | (0.26) | (0.33) | (4.53) | ||||||
Net asset value, end of period | $ 14.21 | $ 13.05 | $ 16.00 | $ 16.57 | $ 15.86 | $ 14.01 | ||||||
Total Return(d) | 8.89% | (16.72)% | 13.20% (e) | 6.14% | 15.57% | (6.61)% | ||||||
Ratios/Supplemental Data: | ||||||||||||
Net assets, end of period (in thousands) | $761,678 | $748,657 | $1,035,137 | $1,063,931 | $1,156,437 | $1,165,809 | ||||||
Ratios to average net assets: | ||||||||||||
Net expenses | 0.88% (f) | 0.89% | 0.87% | 0.85% | 0.86% | 0.87% | ||||||
Gross expenses | 0.88% (f) | 0.89% | 0.87% | 0.85% | 0.86% | 0.87% | ||||||
Net investment income | 1.92% (f) | 1.77% | 1.95% | 1.52% | 1.99% | 1.76% | ||||||
Portfolio turnover rate | 37% (g) | 109% (g) | 118% (g) | 92% (g) | 81% | 97% |
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 6/30/2023 and years ended 12/31/22, 12/31/21 and 12/31/20 did not include To-Be-Announced transactions and, if it had, the portfolio turnover would have been 39%, 127%, 144% and 103%, respectively. |
96 | Financial Highlights |
Assets | |
Investments in securities, at fair value (cost $1,091,092,380) | $ 1,133,612,821 |
Investments in affiliated securities, at fair value (cost $164,103,163) | 164,374,845 |
Short-term affiliated investments, at fair value (cost $70,735,502) | 70,735,502 |
Cash | 50,230 |
Net cash collateral on deposit with broker for future contracts | 627,012 |
Foreign currency (cost $1,804,800) | 1,926,234 |
Receivable for investments sold | 756,119 |
Income receivables | 3,104,460 |
Income receivable from affiliated investments | 248,680 |
Receivable for accumulated variation margin on futures contracts | 103,475 |
Total assets | 1,375,539,378 |
Liabilities | |
Payable for investments purchased | 1,618,530 |
Payable for fund shares redeemed | 441,875 |
Payable to the Adviser | 393,422 |
Payable for custody, fund accounting and sub-administration fees | 393,030 |
Accrued other expenses | 324,602 |
Distribution and service fees | 1,511,948 |
Accrued foreign capital gains tax | 131,180 |
Total liabilities | 4,814,587 |
Net Assets | $ 1,370,724,791 |
Net Assets Consist of: | |
Capital paid in | $ 1,417,040,015 |
Total distributable earnings (loss) | (46,315,224) |
Net Assets | $ 1,370,724,791 |
Class 1: | |
Net Assets | $ 609,047,230 |
Shares outstanding ($0.01 par value, unlimited shares authorized) | 42,755,410 |
Net asset value, offering and redemption price per share | $ 14.24 |
Class 3: | |
Net Assets | $ 761,677,561 |
Shares outstanding ($0.01 par value, unlimited shares authorized) | 53,584,372 |
Net asset value per share | $ 14.21 |
Statement of Assets and Liabilities | 97 |
Investment Income | |
Income | |
Dividend | $ 12,548,121 |
Interest | 3,641,304 |
Income from affiliated investments | 3,578,723 |
Less: Foreign taxes withheld | (887,954) |
Total income | 18,880,194 |
Expenses | |
Advisory and administration fees | 2,362,262 |
Distribution and service fees | |
Class 1 | 596,587 |
Class 3 | 1,694,873 |
Directors' fees | 16,003 |
Custody, fund accounting and sub-administration fees | 375,382 |
Professional fees | 32,390 |
Registration fees | 520 |
Other expenses | 113,226 |
Total expenses | 5,191,243 |
Net investment income | $ 13,688,951 |
Net Realized and Unrealized Gain (Loss) on Investments | |
Realized gain (loss) on: | |
Unaffiliated investments | $ (18,838,032)(a) |
Affiliated investments | (3,090,783) |
Futures | 818,998 |
Foreign currency transactions | (143,747) |
Increase (decrease) in unrealized appreciation/depreciation on: | |
Unaffiliated investments | 119,504,747 (b) |
Affiliated investments | 4,263,850 |
Futures | 353,112 |
Foreign currency translations | 109,804 |
Net realized and unrealized gain (loss) on investments | 102,977,949 |
Net Increase in Net Assets Resulting from Operations | $ 116,666,900 |
(a) | Includes $(7,218) of net realized gains from foreign capital tax gain. |
(b) | Includes change in deferred foreign capital gains tax amounted to $(39,006). |
98 | Statement of Operations |
Six Months Ended June 30, 2023(a) | Year Ended December 31, 2022 | ||
Increase (Decrease) in Net Assets | |||
Operations: | |||
Net investment income | $ 13,688,951 | $ 28,023,620 | |
Net realized gain (loss) on investments, futures and foreign currency transactions | (21,253,564) | (97,521,454) | |
Net increase (decrease) in unrealized appreciation/depreciation on investments, futures and foreign currency translations | 124,231,513 | (221,082,442) | |
Net increase (decrease) from operations | 116,666,900 | (290,580,276) | |
Distributions to shareholders: | |||
Total distributions | |||
Class 1 | — | (15,319,576) | |
Class 3 | — | (15,466,507) | |
Total distributions | — | (30,786,083) | |
Increase (decrease) in assets from operations and distributions | 116,666,900 | (321,366,359) | |
Share transactions: | |||
Proceeds from sale of shares | |||
Class 1 | 1,450,874 | 1,961,800 | |
Class 3 | 5,918,415 | 14,471,950 | |
Value of distributions reinvested | |||
Class 1 | — | 15,319,576 | |
Class 3 | — | 15,466,507 | |
Cost of shares redeemed | |||
Class 1 | (32,496,786) | (58,470,940) | |
Class 3 | (57,603,108) | (134,235,003) | |
Net increase (decrease) from share transactions | (82,730,605) | (145,486,110) | |
Total increase (decrease) in net assets | 33,936,295 | (466,852,469) | |
Net Assets | |||
Beginning of period | 1,336,788,496 | 1,803,640,965 | |
End of period | $ 1,370,724,791 | $ 1,336,788,496 | |
Changes in Fund Shares | |||
Class 1 | |||
Shares sold | 106,501 | 137,320 | |
Issued for distributions reinvested | — | 1,173,015 | |
Shares redeemed | (2,368,584) | (4,136,020) | |
Net decrease in fund shares | (2,262,083) | (2,825,685) | |
Class 3 | |||
Shares sold | 431,174 | 998,611 | |
Issued for distributions reinvested | — | 1,185,173 | |
Shares redeemed | (4,201,200) | (9,515,299) | |
Net decrease in fund shares | (3,770,026) | (7,331,515) |
(a) | Unaudited. |
Statements of Changes in Net Assets | 99 |
• | 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. |
100 | 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. |
• | 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. |
• | 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. |
• | 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 | 101 |
102 | Notes to Financial Statements |
Notes to Financial Statements | 103 |
Asset Derivatives | ||||||
Interest Rate Risk | Foreign Exchange Risk | Credit Risk | Equity Risk | Commodity Risk | Total | |
State Street Total Return V.I.S. Fund | ||||||
Futures Contracts | $ — | $ — | $ — | $ 103,475 | $ — | $ 103,475 |
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 | $ — | $ — | $ — | $ 818,998 | $ — | $ 818,998 |
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 | $ — | $ — | $ — | $ 353,112 | $ — | $ 353,112 |
104 | Notes to Financial Statements |
U.S. Government Securities | |
Purchases | Sales |
$ 60,246,380 | $ 125,866,756 |
Non-U.S. Government Securities | |
Purchases | Sales |
$ 454,013,367 | $ 488,988,836 |
Notes to Financial Statements | 105 |
Tax Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation (Depreciation) |
$ 1,387,701,008 | $ 115,308,444 | $ 134,183,148 | $ (18,874,704) |
106 | Notes to Financial Statements |
Notes to Financial Statements | 107 |
108 | 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, 2022, to the performance of an appropriate benchmark provided by Broadridge Financial Solutions, Inc. (“Broadridge”) for the Fund (the “Benchmark”) and a universe of other mutual funds with similar investment objectives and policies (the “Performance Group” and/or the “Performance Universe”) constructed by Broadridge; |
○ | 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 | 109 |
○ | 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 5, 2023 and May 10-11, 2023 meetings by Independent Counsel, requesting specific information from each of: |
110 | 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, 2022; 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, 2022; |
○ | 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 10-11, 2023; and |
• | Materials provided by Broadridge, circulated to the Independent Directors and to Independent Counsel. |
Other Information | 111 |
112 | Other Information |
Other Information | 113 |
(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) | Certifications of principal executive officer and principal financial and accounting officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act are attached hereto. | |
(a)(3) | Not applicable to the Registrant. | |
(a)(4) | Not applicable. | |
(b) | Certifications of principal executive officer and principal financial and accounting officer of the Registrant as required by Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto. |
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/ Ann M. Carpenter | |
Ann M. Carpenter | ||
President (Principal Executive Officer) | ||
Date: | August 25, 2023 |
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/ Ann M. Carpenter | |
Ann M. Carpenter | ||
President (Principal Executive Officer) | ||
Date: | August 25, 2023 | |
By: | /s/ Bruce S. Rosenberg | |
Bruce S. Rosenberg | ||
Treasurer (Principal Financial and Accounting Officer) | ||
Date: | August 25, 2023 |