SPDR S&P 500 ETF Trust (SPY) NPORT-P N/a (Dec 2019 report)

Quarterly Report

December 31, 2019

SPDR^® S&P 500^® ETF Trust

A Unit Investment Trust

“Standard & Poor’s^®”, “S&P^®”, “S&P 500^®”, “Standard & Poor’s 500^®”, “500^®”, “Standard & Poor’s Depositary Receipts^®”, “SPDR^®” and “SPDRs^®” are trademarks of Standard & Poor’s Financial Services LLC and have been licensed for use by S&P Dow Jones Indices LLC (“S&P”) and sublicensed for use by State Street Global Advisors Funds Distributors, LLC. SPDR^® S&P 500^® ETF Trust is permitted to use these trademarks pursuant to a sublicense from State Street Global Advisors Funds Distributors, LLC. SPDR^® S&P 500^® ETF Trust is not sponsored, endorsed, sold or promoted by S&P, its affiliates or its third party licensors.

SPDR S&P 500^® ETF Trust

December 31, 2019 (Unaudited)

TABLE OF CONTENTS

Schedule of Investments (Unaudited)	1
Notes to Schedule of Investments (Unaudited)	7

SPDR S&P 500^® ETF Trust

SCHEDULE OF INVESTMENTS

December 31, 2019 (Unaudited)

Security Description	Shares		Value
COMMON STOCKS — 100.0%
3M Co.		6,691,310	$	1,180,480,910
Abbott Laboratories		20,610,619		1,790,238,366
AbbVie, Inc.		17,245,960		1,526,957,298
ABIOMED, Inc. (a)		522,438		89,122,698
Accenture PLC Class A		7,402,804		1,558,808,438
Activision Blizzard, Inc.		8,913,390		529,633,634
Adobe Systems, Inc. (a)		5,640,301		1,860,227,673
Advance Auto Parts, Inc.		831,619		133,192,099
Advanced Micro Devices, Inc. (a)		12,986,887		595,578,638
AES Corp.		7,677,433		152,780,917
Aflac, Inc.		8,614,026		455,681,975
Agilent Technologies, Inc.		3,602,837		307,358,024
Air Products & Chemicals, Inc.		2,571,033		604,167,045
Akamai Technologies, Inc. (a)		1,901,787		164,276,361
Alaska Air Group, Inc.		1,432,201		97,031,618
Albemarle Corp.		1,241,495		90,678,795
Alexandria Real Estate Equities, Inc. REIT		1,342,611		216,939,085
Alexion Pharmaceuticals, Inc. (a)		2,599,310		281,115,377
Align Technology, Inc. (a)		843,921		235,487,716
Allegion PLC		1,087,415		135,426,664
Allergan PLC		3,819,546		730,182,609
Alliance Data Systems Corp.		477,417		53,566,187
Alliant Energy Corp.		2,739,697		149,916,220
Allstate Corp.		3,777,983		424,834,188
Alphabet, Inc. Class A (a)		3,493,875		4,679,661,236
Alphabet, Inc. Class C (a)		3,485,752		4,660,520,139
Altria Group, Inc.		21,718,701		1,083,980,367
Amazon.com, Inc. (a)		4,857,168		8,975,269,317
Amcor PLC		18,881,415		204,674,539
Ameren Corp.		2,832,882		217,565,338
American Airlines Group, Inc.		4,593,015		131,727,670
American Electric Power Co., Inc.		5,760,179		544,394,517
American Express Co.		7,825,151		974,153,048
American International Group, Inc.		10,097,374		518,298,207
American Tower Corp. REIT		5,165,924		1,187,232,654
American Water Works Co., Inc.		2,095,573		257,441,143
Ameriprise Financial, Inc.		1,477,255		246,081,138
AmerisourceBergen Corp.		1,768,616		150,367,732
AMETEK, Inc.		2,636,614		262,975,880
Amgen, Inc.		6,929,781		1,670,562,306
Amphenol Corp. Class A		3,455,807		374,021,992
Analog Devices, Inc.		4,301,617		511,204,164
ANSYS, Inc. (a)		997,528		256,773,682
Anthem, Inc.		2,957,491		893,251,007
AO Smith Corp.		1,609,080		76,656,571
Aon PLC		2,744,511		571,654,196
Apache Corp.		4,352,918		111,391,172
Apartment Investment & Management Co. Class A REIT		1,731,674		89,440,962
Apple, Inc.		48,707,413		14,302,931,827
Applied Materials, Inc.		10,754,415		656,449,492
Aptiv PLC		2,981,812		283,182,686
Archer-Daniels-Midland Co.		6,489,898		300,806,772
Arconic, Inc.		4,508,635		138,730,699
Arista Networks, Inc. (a)		633,839		128,922,853
Arthur J Gallagher & Co.		2,149,612		204,707,551
Assurant, Inc.		714,162		93,612,355
AT&T, Inc.		85,190,030		3,329,226,372
Atmos Energy Corp.		1,391,953		155,703,863
Autodesk, Inc. (a)		2,555,374		468,808,914
Automatic Data Processing, Inc.		5,041,810		859,628,605
AutoZone, Inc. (a)		277,507		330,596,864
AvalonBay Communities, Inc. REIT		1,622,324		340,201,343
Avery Dennison Corp.		979,467		128,133,873
Baker Hughes a GE Co.		7,564,295		193,872,881
Ball Corp.		3,861,622		249,731,095
Bank of America Corp.		94,409,249		3,325,093,750
Bank of New York Mellon Corp.		9,786,647		492,561,944
Baxter International, Inc.		5,943,703		497,012,445
Becton Dickinson and Co.		3,154,295		857,873,611
Berkshire Hathaway, Inc. Class B (a)		22,811,010		5,166,693,765
Best Buy Co., Inc.		2,694,212		236,551,814
Biogen, Inc. (a)		2,104,675		624,520,213
BlackRock, Inc.		1,375,367		691,396,991
Boeing Co.		6,235,323		2,031,218,820
Booking Holdings, Inc. (a)		487,971		1,002,160,682
BorgWarner, Inc.		2,391,467		103,741,838
Boston Properties, Inc. REIT		1,673,893		230,762,889
Boston Scientific Corp. (a)		16,254,876		735,045,493
Bristol-Myers Squibb Co.		27,337,922		1,754,821,213
Broadcom, Inc.		4,625,515		1,461,755,250
Broadridge Financial Solutions, Inc.		1,330,645		164,387,883
Brown-Forman Corp. Class B		2,119,459		143,275,428
C.H. Robinson Worldwide, Inc.		1,587,032		124,105,902
Cabot Oil & Gas Corp.		4,903,750		85,374,288
Cadence Design Systems, Inc. (a)		3,269,414		226,766,555
Campbell Soup Co.		1,963,774		97,049,711
Capital One Financial Corp.		5,461,193		562,011,372
Capri Holdings, Ltd. (a)		1,768,597		67,471,976
Cardinal Health, Inc.		3,430,616		173,520,557
CarMax, Inc. (a)		1,932,601		169,431,130
Carnival Corp.		4,625,509		235,114,622
Caterpillar, Inc.		6,445,491		951,870,111
Cboe Global Markets, Inc.		1,295,622		155,474,640
CBRE Group, Inc. Class A (a)		3,914,283		239,906,405
CDW Corp.		1,683,694		240,498,851
Celanese Corp.		1,438,887		177,155,767
Centene Corp. (a)		4,784,146		300,779,259
CenterPoint Energy, Inc.		5,802,044		158,221,740
CenturyLink, Inc.		11,179,181		147,676,981
Cerner Corp.		3,703,381		271,791,132
CF Industries Holdings, Inc.		2,540,812		121,298,365
Charles Schwab Corp.		13,332,719		634,104,116
Charter Communications, Inc. Class A (a)		1,828,082		886,766,017
Chevron Corp.		22,064,115		2,658,946,499
Chipotle Mexican Grill, Inc. (a)		296,539		248,235,762
Chubb, Ltd.		5,303,405		825,528,022
Church & Dwight Co., Inc.		2,847,206		200,272,470
Cigna Corp.		4,355,118		890,578,080
Cimarex Energy Co.		1,174,456		61,647,195
Cincinnati Financial Corp.		1,764,546		185,542,012
Cintas Corp.		966,318		260,016,847

See accompanying Notes to Schedule of Investments

1

SPDR S&P 500^® ETF Trust

SCHEDULE OF INVESTMENTS (continued)

December 31, 2019 (Unaudited)

Security Description	Shares		Value
Cisco Systems, Inc.		49,472,916	$	2,372,721,051
Citigroup, Inc.		25,460,347		2,034,027,122
Citizens Financial Group, Inc.		5,069,998		205,892,619
Citrix Systems, Inc.		1,432,119		158,821,997
Clorox Co.		1,463,754		224,744,789
CME Group, Inc.		4,179,543		838,917,871
CMS Energy Corp.		3,301,107		207,441,564
Coca-Cola Co.		44,968,277		2,488,994,132
Cognizant Technology Solutions Corp. Class A		6,426,495		398,571,220
Colgate-Palmolive Co.		9,972,026		686,474,270
Comcast Corp. Class A		52,942,797		2,380,837,581
Comerica, Inc.		1,735,591		124,528,654
Conagra Brands, Inc.		5,637,019		193,011,531
Concho Resources, Inc.		2,325,357		203,631,513
ConocoPhillips		12,795,891		832,116,792
Consolidated Edison, Inc.		3,867,277		349,872,550
Constellation Brands, Inc. Class A		1,945,379		369,135,665
Cooper Cos., Inc.		571,246		183,535,627
Copart, Inc. (a)		2,385,427		216,930,731
Corning, Inc.		9,096,238		264,791,488
Corteva, Inc.		8,698,051		257,114,388
Costco Wholesale Corp.		5,152,144		1,514,318,164
Coty, Inc. Class A		3,492,649		39,292,301
Crown Castle International Corp. REIT		4,823,389		685,644,746
CSX Corp.		9,068,747		656,214,533
Cummins, Inc.		1,786,461		319,705,061
CVS Health Corp.		15,171,825		1,127,114,879
D.R. Horton, Inc.		3,908,549		206,175,960
Danaher Corp.		7,455,437		1,144,260,471
Darden Restaurants, Inc.		1,419,279		154,715,604
DaVita, Inc. (a)		1,054,575		79,124,762
Deere & Co.		3,664,476		634,907,112
Delta Air Lines, Inc.		6,734,966		393,860,812
DENTSPLY SIRONA, Inc.		2,608,677		147,625,031
Devon Energy Corp.		4,513,312		117,210,713
Diamondback Energy, Inc.		1,897,101		176,164,799
Digital Realty Trust, Inc. REIT		2,407,114		288,227,830
Discover Financial Services		3,702,401		314,037,653
Discovery, Inc. Class A (a)		1,831,133		59,951,294
Discovery, Inc. Class C (a)		4,031,681		122,925,954
DISH Network Corp. Class A (a)		2,973,503		105,470,151
Dollar General Corp.		2,990,457		466,451,483
Dollar Tree, Inc. (a)		2,754,061		259,019,437
Dominion Energy, Inc.		9,598,544		794,951,414
Dover Corp.		1,689,820		194,768,653
Dow, Inc.		8,649,675		473,396,713
DTE Energy Co.		2,240,678		290,996,852
Duke Energy Corp.		8,502,231		775,488,490
Duke Realty Corp. REIT		4,286,414		148,609,973
DuPont de Nemours, Inc.		8,660,743		556,019,701
DXC Technology Co.		3,045,497		114,480,232
E*TRADE Financial Corp.		2,635,914		119,591,418
Eastman Chemical Co.		1,591,609		126,150,929
Eaton Corp. PLC		4,821,219		456,665,864
eBay, Inc.		8,917,862		322,023,997
Ecolab, Inc.		2,914,865		562,539,796
Edison International		4,169,444		314,417,772
Edwards Lifesciences Corp. (a)		2,417,299		563,931,684
Electronic Arts, Inc. (a)		3,428,934		368,644,694
Eli Lilly & Co.		9,869,975		1,297,210,814
Emerson Electric Co.		7,132,832		543,949,768
Entergy Corp.		2,315,034		277,341,073
EOG Resources, Inc.		6,784,330		568,255,481
Equifax, Inc.		1,399,834		196,144,740
Equinix, Inc. REIT		994,236		580,335,553
Equity Residential REIT		4,058,539		328,416,976
Essex Property Trust, Inc. REIT		761,932		229,234,862
Estee Lauder Cos., Inc. Class A		2,595,427		536,059,493
Everest Re Group, Ltd.		468,463		129,689,297
Evergy, Inc.		2,657,615		172,984,160
Eversource Energy		3,737,959		317,988,172
Exelon Corp.		11,297,509		515,053,435
Expedia Group, Inc.		1,609,965		174,101,615
Expeditors International of Washington, Inc.		1,992,456		155,451,417
Extra Space Storage, Inc. REIT		1,477,195		156,021,336
Exxon Mobil Corp.		49,342,559		3,443,123,767
F5 Networks, Inc. (a)		696,759		97,302,394
Facebook, Inc. Class A (a)		28,063,785		5,760,091,871
Fastenal Co.		6,634,219		245,134,392
Federal Realty Investment Trust REIT		811,580		104,474,693
FedEx Corp.		2,778,770		420,177,812
Fidelity National Information Services, Inc.		7,167,565		996,936,616
Fifth Third Bancorp		8,275,963		254,403,103
First Republic Bank		1,958,177		229,987,889
FirstEnergy Corp.		6,286,560		305,526,816
Fiserv, Inc. (a)		6,660,577		770,162,519
FleetCor Technologies, Inc. (a)		1,000,659		287,909,607
FLIR Systems, Inc.		1,560,955		81,278,927
Flowserve Corp.		1,491,015		74,207,817
FMC Corp.		1,526,952		152,420,349
Ford Motor Co.		45,574,704		423,844,747
Fortinet, Inc. (a)		1,651,520		176,316,275
Fortive Corp.		3,431,660		262,144,507
Fortune Brands Home & Security, Inc.		1,626,314		106,263,357
Fox Corp. Class A		4,085,800		151,460,606
Fox Corp. Class B		1,861,851		67,771,376
Franklin Resources, Inc.		3,281,301		85,248,200
Freeport-McMoRan, Inc.		16,874,467		221,393,007
Gap, Inc.		2,503,774		44,266,724
Garmin, Ltd.		1,682,091		164,104,798
Gartner, Inc. (a)		1,034,510		159,417,991
General Dynamics Corp.		2,724,227		480,417,431
General Electric Co.		101,849,079		1,136,635,722
General Mills, Inc.		7,048,674		377,526,979
General Motors Co.		14,628,407		535,399,696
Genuine Parts Co.		1,691,459		179,683,690
Gilead Sciences, Inc.		14,720,754		956,554,595
Global Payments, Inc.		3,493,457		637,765,510
Globe Life, Inc.		1,167,982		122,930,106
Goldman Sachs Group, Inc.		3,716,660		854,571,634
H&R Block, Inc.		2,326,063		54,615,959
Halliburton Co.		10,236,645		250,490,703

See accompanying Notes to Schedule of Investments

2

SPDR S&P 500^® ETF Trust

SCHEDULE OF INVESTMENTS (continued)

December 31, 2019 (Unaudited)

Security Description	Shares		Value
Hanesbrands, Inc.		4,215,668	$	62,602,670
Harley-Davidson, Inc.		1,843,770		68,569,806
Hartford Financial Services Group, Inc.		4,192,531		254,780,109
Hasbro, Inc.		1,484,473		156,775,194
HCA Healthcare, Inc.		3,088,299		456,481,475
Healthpeak Properties, Inc. REIT		5,720,163		197,174,019
Helmerich & Payne, Inc.		1,280,213		58,160,077
Henry Schein, Inc. (a)		1,721,746		114,874,893
Hershey Co.		1,733,483		254,787,331
Hess Corp.		3,013,192		201,311,358
Hewlett Packard Enterprise Co.		15,193,031		240,961,472
Hilton Worldwide Holdings, Inc.		3,290,752		364,977,304
HollyFrontier Corp.		1,760,211		89,260,300
Hologic, Inc. (a)		3,112,363		162,496,472
Home Depot, Inc.		12,727,852		2,779,508,320
Honeywell International, Inc.		8,332,777		1,474,901,529
Hormel Foods Corp.		3,162,308		142,651,714
Host Hotels & Resorts, Inc. REIT		8,488,836		157,467,908
HP, Inc.		17,252,630		354,541,547
Humana, Inc.		1,544,660		566,148,783
Huntington Bancshares, Inc.		12,076,693		182,116,530
Huntington Ingalls Industries, Inc.		482,305		121,000,678
IDEX Corp.		870,809		149,779,148
IDEXX Laboratories, Inc. (a)		997,768		260,547,158
IHS Markit, Ltd. (a)		4,669,525		351,848,709
Illinois Tool Works, Inc.		3,426,139		615,437,349
Illumina, Inc. (a)		1,713,884		568,563,878
Incyte Corp. (a)		2,057,928		179,698,273
Ingersoll-Rand PLC		2,805,630		372,924,340
Intel Corp.		50,729,231		3,036,144,475
Intercontinental Exchange, Inc. (b)		6,520,562		603,478,013
International Business Machines Corp.		10,328,273		1,384,401,713
International Flavors & Fragrances, Inc.		1,242,807		160,346,959
International Paper Co.		4,572,223		210,550,869
Interpublic Group of Cos., Inc.		4,489,656		103,711,054
Intuit, Inc.		3,022,406		791,658,804
Intuitive Surgical, Inc. (a)		1,348,300		797,047,545
Invesco, Ltd.		4,476,108		80,480,422
IPG Photonics Corp. (a)		411,520		59,637,478
IQVIA Holdings, Inc. (a)		2,120,227		327,596,274
Iron Mountain, Inc. REIT		3,328,036		106,064,507
J.M. Smucker Co.		1,319,438		137,393,079
Jack Henry & Associates, Inc.		887,102		129,224,148
Jacobs Engineering Group, Inc.		1,577,823		141,735,840
JB Hunt Transport Services, Inc.		993,854		116,062,270
Johnson & Johnson		30,692,777		4,477,155,381
Johnson Controls International PLC		8,995,972		366,226,020
JPMorgan Chase & Co.		36,576,869		5,098,815,539
Juniper Networks, Inc.		3,969,976		97,780,509
Kansas City Southern		1,166,507		178,662,212
Kellogg Co.		2,896,253		200,304,857
KeyCorp		11,662,793		236,054,930
Keysight Technologies, Inc. (a)		2,176,536		223,377,890
Kimberly-Clark Corp.		3,998,303		549,966,578
Kimco Realty Corp. REIT		4,841,230		100,261,873
Kinder Morgan, Inc.		22,542,675		477,228,430
KLA Corp.		1,853,025		330,153,464
Kohl’s Corp.		1,850,405		94,278,135
Kraft Heinz Co.		7,209,474		231,640,400
Kroger Co.		9,299,851		269,602,681
L Brands, Inc.		2,616,187		47,405,308
L3Harris Technologies, Inc.		2,598,090		514,084,068
Laboratory Corp. of America Holdings (a)		1,136,332		192,233,284
Lam Research Corp.		1,682,769		492,041,656
Lamb Weston Holdings, Inc.		1,698,328		146,107,158
Las Vegas Sands Corp.		3,936,436		271,771,541
Leggett & Platt, Inc.		1,506,198		76,560,044
Leidos Holdings, Inc.		1,572,412		153,923,411
Lennar Corp. Class A		3,307,392		184,519,400
Lincoln National Corp.		2,328,694		137,416,233
Linde PLC		6,280,042		1,337,020,942
Live Nation Entertainment, Inc. (a)		1,643,515		117,462,017
LKQ Corp. (a)		3,585,898		128,016,559
Lockheed Martin Corp.		2,887,396		1,124,294,254
Loews Corp.		3,024,964		158,780,360
Lowe’s Cos., Inc.		8,965,756		1,073,738,939
LyondellBasell Industries NV Class A		3,003,975		283,815,558
M&T Bank Corp.		1,554,780		263,923,905
Macy’s, Inc.		3,583,136		60,913,312
Marathon Oil Corp.		9,355,781		127,051,506
Marathon Petroleum Corp.		7,572,567		456,247,162
MarketAxess Holdings, Inc.		438,811		166,357,638
Marriott International, Inc. Class A		3,180,432		481,612,818
Marsh & McLennan Cos., Inc.		5,892,784		656,515,065
Martin Marietta Materials, Inc.		725,326		202,830,163
Masco Corp.		3,366,170		161,542,498
Mastercard, Inc. Class A		10,352,359		3,091,110,874
Maxim Integrated Products, Inc.		3,167,970		194,861,835
McCormick & Co., Inc.		1,419,891		240,998,099
McDonald’s Corp.		8,782,316		1,735,473,465
McKesson Corp.		2,100,862		290,591,232
Medtronic PLC		15,631,733		1,773,420,109
Merck & Co., Inc.		29,690,933		2,700,390,356
MetLife, Inc.		9,115,559		464,620,042
Mettler-Toledo International, Inc. (a)		286,080		226,941,542
MGM Resorts International		6,066,665		201,837,945
Microchip Technology, Inc.		2,787,138		291,869,091
Micron Technology, Inc. (a)		12,910,095		694,304,909
Microsoft Corp.		88,965,551		14,029,867,393
Mid-America Apartment Communities, Inc. REIT		1,320,875		174,170,578
Mohawk Industries, Inc. (a)		697,025		95,060,270
Molson Coors Brewing Co. Class B		2,178,178		117,403,794
Mondelez International, Inc. Class A		16,757,807		923,020,010
Monster Beverage Corp. (a)		4,500,155		285,984,850
Moody’s Corp.		1,893,972		449,647,893
Morgan Stanley		14,345,413		733,337,513
Mosaic Co.		4,056,958		87,792,571
Motorola Solutions, Inc.		1,998,032		321,962,876
MSCI, Inc.		976,394		252,085,403
Mylan NV (a)		5,979,885		120,195,689
Nasdaq, Inc.		1,348,925		144,469,868

See accompanying Notes to Schedule of Investments

3

SPDR S&P 500^® ETF Trust

SCHEDULE OF INVESTMENTS (continued)

December 31, 2019 (Unaudited)

Security Description	Shares		Value
National Oilwell Varco, Inc.		4,446,228	$	111,378,011
NetApp, Inc.		2,661,256		165,663,186
Netflix, Inc. (a)		5,111,090		1,653,795,391
Newell Brands, Inc.		4,493,895		86,372,662
Newmont Goldcorp Corp.		9,507,846		413,115,909
News Corp. Class A		4,368,493		61,770,491
News Corp. Class B		1,433,899		20,805,874
NextEra Energy, Inc.		5,699,873		1,380,281,246
Nielsen Holdings PLC		4,081,968		82,863,950
NIKE, Inc. Class B		14,544,895		1,473,543,312
NiSource, Inc.		4,313,587		120,090,262
Noble Energy, Inc.		5,601,519		139,141,732
Nordstrom, Inc.		1,224,239		50,108,102
Norfolk Southern Corp.		3,040,922		590,334,188
Northern Trust Corp.		2,498,920		265,485,261
Northrop Grumman Corp.		1,831,511		629,984,839
NortonLifeLock, Inc.		6,622,730		169,012,070
Norwegian Cruise Line Holdings, Ltd. (a)		2,511,572		146,700,921
NRG Energy, Inc.		2,944,041		117,025,630
Nucor Corp.		3,543,493		199,427,786
NVIDIA Corp.		7,136,837		1,679,297,746
NVR, Inc. (a)		40,420		153,935,932
O’Reilly Automotive, Inc. (a)		890,775		390,391,052
Occidental Petroleum Corp.		10,385,333		427,979,573
Old Dominion Freight Line, Inc.		740,470		140,526,397
Omnicom Group, Inc.		2,531,658		205,114,931
ONEOK, Inc.		4,788,363		362,335,428
Oracle Corp.		25,265,312		1,338,556,230
PACCAR, Inc.		4,005,461		316,831,965
Packaging Corp. of America		1,096,461		122,792,667
Parker-Hannifin Corp.		1,491,970		307,077,265
Paychex, Inc.		3,704,523		315,106,726
PayPal Holdings, Inc. (a)		13,673,428		1,479,054,707
Pentair PLC		1,956,336		89,737,132
People’s United Financial, Inc.		5,179,057		87,526,063
PepsiCo, Inc.		16,250,578		2,220,966,495
PerkinElmer, Inc.		1,285,258		124,798,552
Perrigo Co. PLC		1,584,140		81,836,672
Pfizer, Inc.		64,538,088		2,528,602,288
Philip Morris International, Inc.		18,144,144		1,543,885,213
Phillips 66		5,218,919		581,439,766
Pinnacle West Capital Corp.		1,306,444		117,488,509
Pioneer Natural Resources Co.		1,952,072		295,485,139
PNC Financial Services Group, Inc.		5,110,202		815,741,545
PPG Industries, Inc.		2,746,583		366,641,365
PPL Corp.		8,397,342		301,296,631
Principal Financial Group, Inc.		3,006,903		165,379,665
Procter & Gamble Co.		29,074,070		3,631,351,343
Progressive Corp.		6,818,102		493,562,404
Prologis, Inc. REIT		7,367,239		656,715,684
Prudential Financial, Inc.		4,679,191		438,627,364
Public Service Enterprise Group, Inc.		5,851,815		345,549,676
Public Storage REIT		1,736,852		369,880,002
PulteGroup, Inc.		2,987,918		115,931,218
PVH Corp.		862,152		90,655,283
Qorvo, Inc. (a)		1,367,857		158,986,019
QUALCOMM, Inc.		13,281,671		1,171,841,832
Quanta Services, Inc.		1,681,531		68,455,127
Quest Diagnostics, Inc.		1,547,509		165,258,486
Ralph Lauren Corp.		605,762		71,007,422
Raymond James Financial, Inc.		1,437,990		128,642,585
Raytheon Co.		3,231,943		710,187,155
Realty Income Corp. REIT		3,800,692		279,844,952
Regency Centers Corp. REIT		1,941,612		122,496,301
Regeneron Pharmaceuticals, Inc. (a)		930,172		349,260,983
Regions Financial Corp.		11,248,977		193,032,445
Republic Services, Inc.		2,463,692		220,820,714
ResMed, Inc.		1,659,501		257,172,870
Robert Half International, Inc.		1,368,795		86,439,404
Rockwell Automation, Inc.		1,361,566		275,948,581
Rollins, Inc.		1,638,837		54,343,835
Roper Technologies, Inc.		1,208,427		428,061,096
Ross Stores, Inc.		4,243,439		494,021,168
Royal Caribbean Cruises, Ltd.		1,987,550		265,357,801
S&P Global, Inc.		2,854,158		779,327,842
salesforce.com, Inc. (a)		10,344,368		1,682,408,012
SBA Communications Corp. REIT		1,312,869		316,388,300
Schlumberger, Ltd.		16,144,472		649,007,774
Seagate Technology PLC		2,752,772		163,789,934
Sealed Air Corp.		1,815,523		72,312,281
Sempra Energy		3,287,772		498,031,703
ServiceNow, Inc. (a)		2,198,987		620,818,010
Sherwin-Williams Co.		955,411		557,520,535
Simon Property Group, Inc. REIT		3,575,451		532,599,181
Skyworks Solutions, Inc.		2,007,905		242,715,556
SL Green Realty Corp. REIT		958,734		88,088,480
Snap-on, Inc.		645,993		109,431,214
Southern Co.		12,230,119		779,058,580
Southwest Airlines Co.		5,523,638		298,165,979
Stanley Black & Decker, Inc.		1,757,356		291,264,183
Starbucks Corp.		13,772,991		1,210,921,369
State Street Corp. (c)		4,240,684		335,438,104
STERIS PLC		988,749		150,705,123
Stryker Corp.		3,755,183		788,363,119
SVB Financial Group (a)		601,673		151,043,990
Synchrony Financial		6,933,209		249,664,856
Synopsys, Inc. (a)		1,732,400		241,150,080
Sysco Corp.		5,972,535		510,890,644
T Rowe Price Group, Inc.		2,736,883		333,461,825
T-Mobile US, Inc. (a)		3,666,566		287,532,106
Take-Two Interactive Software, Inc. (a)		1,302,175		159,425,285
Tapestry, Inc.		3,352,197		90,408,753
Target Corp.		5,936,874		761,166,616
TE Connectivity, Ltd.		3,917,242		375,428,473
TechnipFMC PLC		4,889,151		104,823,397
Teleflex, Inc.		537,233		202,235,991
Texas Instruments, Inc.		10,900,753		1,398,457,602
Textron, Inc.		2,677,069		119,397,277
Thermo Fisher Scientific, Inc.		4,675,992		1,519,089,521
Tiffany & Co.		1,248,657		166,883,008
TJX Cos., Inc.		14,142,213		863,523,526
Tractor Supply Co.		1,387,812		129,677,153
TransDigm Group, Inc.		578,114		323,743,840
Travelers Cos., Inc.		3,024,352		414,185,006

See accompanying Notes to Schedule of Investments

4

SPDR S&P 500^® ETF Trust

SCHEDULE OF INVESTMENTS (continued)

December 31, 2019 (Unaudited)

Security Description	Shares		Value
Truist Financial Corp.		15,639,356	$	880,808,530
Twitter, Inc. (a)		9,001,527		288,498,940
Tyson Foods, Inc. Class A		3,430,632		312,324,737
UDR, Inc. REIT		3,409,053		159,202,775
Ulta Salon Cosmetics & Fragrance, Inc. (a)		666,184		168,637,818
Under Armour, Inc. Class A (a)		2,119,031		45,771,070
Under Armour, Inc. Class C (a)		2,253,751		43,226,944
Union Pacific Corp.		8,095,957		1,463,668,066
United Continental Holdings, Inc. (a)		2,569,471		226,344,700
United Parcel Service, Inc. Class B		8,172,413		956,662,666
United Rentals, Inc. (a)		896,736		149,548,663
United Technologies Corp.		9,461,180		1,416,906,317
UnitedHealth Group, Inc.		11,048,552		3,248,053,317
Universal Health Services, Inc. Class B		944,576		135,508,873
Unum Group		2,426,813		70,765,867
US Bancorp		16,574,653		982,711,176
Valero Energy Corp.		4,821,252		451,510,250
Varian Medical Systems, Inc. (a)		1,058,012		150,248,284
Ventas, Inc. REIT		4,299,799		248,270,394
VeriSign, Inc. (a)		1,216,119		234,321,809
Verisk Analytics, Inc.		1,898,915		283,583,966
Verizon Communications, Inc.		48,231,301		2,961,401,881
Vertex Pharmaceuticals, Inc. (a)		2,999,114		656,656,010
VF Corp.		3,819,017		380,603,234
ViacomCBS, Inc. Class B		6,256,737		262,595,252
Visa, Inc. Class A		19,963,083		3,751,063,296
Vornado Realty Trust REIT		1,843,504		122,593,016
Vulcan Materials Co.		1,537,092		221,325,877
W.W. Grainger, Inc.		514,091		174,030,085
Wabtec Corp.		2,120,532		164,977,390
Walgreens Boots Alliance, Inc.		8,743,118		515,494,237
Walmart, Inc.		16,530,218		1,964,451,107
Walt Disney Co.		21,019,693		3,040,078,199
Waste Management, Inc.		4,544,920		517,939,083
Waters Corp. (a)		751,665		175,626,527
WEC Energy Group, Inc.		3,651,352		336,764,195
WellCare Health Plans, Inc. (a)		584,969		193,162,614
Wells Fargo & Co.		44,883,292		2,414,721,110
Welltower, Inc. REIT		4,711,456		385,302,872
Western Digital Corp.		3,411,781		216,545,740
Western Union Co.		4,930,621		132,042,030
WestRock Co.		2,981,978		127,956,676
Weyerhaeuser Co. REIT		8,622,844		260,409,889
Whirlpool Corp.		729,671		107,648,363
Williams Cos., Inc.		14,020,061		332,555,847
Willis Towers Watson PLC		1,493,753		301,648,481
WR Berkley Corp.		1,685,322		116,455,750
Wynn Resorts, Ltd.		1,120,433		155,594,531
Xcel Energy, Inc.		6,105,373		387,630,132
Xerox Holdings Corp.		2,212,523		81,575,723
Xilinx, Inc.		2,943,665		287,802,127
Xylem, Inc.		2,081,336		163,988,463
Yum! Brands, Inc.		3,544,859		357,073,647
Zebra Technologies Corp. Class A (a)		628,368		160,510,322
Zimmer Biomet Holdings, Inc.		2,398,866		359,062,263
Zions Bancorp		2,056,311		106,763,667
Zoetis, Inc.		5,541,487		733,415,804
TOTAL COMMON STOCKS (Cost $304,682,334,388)				312,019,427,190
TOTAL INVESTMENTS — 100.0% (Cost $304,682,334,388)				312,019,427,190
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.0)% (d)				(51,907,409	)
NET ASSETS — 100.0%			$	311,967,519,781

(a) Non-income producing security.

(b) Affiliate of PDR Services LLC (the “Sponsor”). See the table below for more information.

(c) Affiliate of State Street Global Advisors Trust Company (the “Trustee”). See the table below for more information.

(d) Amount is less than 0.05% of net assets.

PLC Public Limited Company

REIT Real Estate Investment Trust

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of December 31, 2019.

Description	Level 1 — Quoted Prices		Level 2 — Other Significant Observable Inputs		Level 3 — Significant Unobservable Inputs		Total
ASSETS:
INVESTMENTS:
Common Stocks	$	312,019,427,190	$	—	$	—	$	312,019,427,190

See accompanying Notes to Schedule of Investments

5

SPDR S&P 500^® ETF Trust

SCHEDULE OF INVESTMENTS (continued)

December 31, 2019 (Unaudited)

INVESTMENTS IN AFFILIATES OF THE TRUSTEE AND THE SPONSOR

SPDR S&P 500^® ETF Trust has invested in State Street Corp., which is considered an affiliate of the Trustee and Intercontinental Exchange, Inc., which is considered an affiliate of the Sponsor. Amounts related to these investments at December 31, 2019 and for the period then ended, are:

	Number of Shares Held at 9/30/19		Value at 9/30/19		Cost of Purchases		Proceeds from Shares Sold*		Realized Gain (Loss)			Change in Unrealized Appreciation/ Depreciation			Number of Shares Held at 12/31/19		Value at 12/31/19		Dividend Income
Intercontinental Exchange, Inc.		6,242,458	$	575,991,600	$	110,018,734	$	83,636,252	$	16,082,268		$	(14,978,337	)		6,520,562	$	603,478,013	$	1,745,012
State Street Corp.		4,139,924		245,042,102		57,259,839		48,153,096		(887,574	)		82,176,833			4,240,684		335,438,104		2,172,814
TOTAL			$	821,033,702	$	167,278,573	$	131,789,348	$	15,194,694		$	67,198,496				$	938,916,117	$	3,917,826

* Purchased and Sold figures include securities received or delivered from processing creations or redemptions of Units.

See accompanying Notes to Schedule of Investments

6

SPDR S&P 500^® ETF Trust

NOTES TO SCHEDULE OF INVESTMENTS

December 31, 2019

Security Valuation

The Trust’s investments are valued at fair value each day that the New York Stock Exchange (“NYSE”) is open and, for financial reporting purposes, as of the report date should the reporting period end on a day that the NYSE is not open. Fair value is generally defined as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. By its nature, a fair value price is a good faith estimate of the valuation in a current sale and may not reflect an actual market price. The investments of the Trust are valued pursuant to the policy and procedures developed by the Oversight Committee of the Trustee (the “Committee”). The Committee provides oversight of the valuation of investments for the Trust.

Valuation techniques used to value the Trust’s equity investments are as follows:

Equity investments (including preferred stocks) 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.

In the event that prices or quotations are not readily available or that the application of these valuation methods results in a price for an investment that is deemed to be not representative of the fair value of such investment, fair value will be determined in good faith by the Committee, in accordance with the valuation policy and procedures approved by the Trustee.

Fair value pricing could result in a difference between the prices used to calculate the Trust’s net asset value (“NAV”) and the prices used by the Trust’s underlying index, S&P 500^® Index, which in turn could result in a difference between the Trust’s performance and the performance of the S&P 500^® Index.

The Trustee values the Trust’s assets and liabilities at fair value using a hierarchy that prioritizes the inputs to valuation techniques, giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The categorization of a value determined for an investment within the hierarchy is based upon the pricing transparency of the investment and is not necessarily an indication of the risk associated with the investment.

The three levels of the fair value hierarchy are as follows:

• Level 1 — Unadjusted quoted prices in active markets for an identical assets or liabilities;

• Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the assets or liabilities 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.

Investments in Affiliates of the Trustee and the Sponsor

The Trust has invested in companies that are considered affiliates of the Trustee (State Street Corp.) and the Sponsor (ICE). Such investments were made according to the representative portion of the S&P 500^® Index. The market values of these investments at December 31, 2019 are listed in the Schedule of Investments.

Other information regarding the Trust is available in the Trust’s most recent Report to Shareholders. This information is also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov.

7