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: 811-08839
----------------------------------------------
STREETTRACKS(R) SERIES TRUST
------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
One Lincoln Street, Boston, MA 02111
------------------------------------------------------------------------------
(Address of principal executive offices) (zip code)
Scott M. Zoltowski, Esq.
State Street Bank and Trust Company
One Lincoln Street
Boston, MA 02111
(Name and address of agent for service)
Copy to:
Stuart M. Strauss, Esq.
Clifford Chance US LLP
31 West 52nd Street
New York, New York 10019
Registrant's telephone number, including area code: (866) 787-2257
Date of fiscal year end: June 30
Date of reporting period: December 31, 2005
Item 1: Reports to Shareholders
[GRAPHICS]
streetTRACKS(R)
SEMI-ANNUAL REPORT
DECEMBER 31, 2005
[streetTRACKS (R) semi-annual report LOGO]
PRESIDENT'S LETTER TO SHAREHOLDERS
Dear streetTRACKS Shareholders,
I am happy to provide you with the enclosed streetTRACKS Trust semi-annual
report as of December 31, 2005. We are very pleased with the continued growth of
the streetTRACKS family of exchange traded funds. In fact, as of December 31,
2005, streetTRACKS ETFs numbered 18 with total assets reaching nearly $2
billion.
Since the start of this streetTRACKS fiscal year, we have added nine new ETFs to
the streetTRACKS family. The nine new ETFs include three streetTRACKS KBW ETFs,
which track precise slices of the financial sector; the SPDR Dividend ETF; and
five new streetTRACKS DJ Wilshire Style ETFs. Concurrent to the introduction of
the five new DJ Wilshire Style ETFs, we changed the underlying indices for our
existing style ETFs from the Dow Jones Style Indices to the DJ Wilshire Style
Indices.
Dow Jones' decision to cease providing daily real time data for its Dow Jones
Style Indexes, coupled with our desire to provide investors with a comprehensive
family of style-based index solutions, motivated the transition to the DJ
Wilshire Style Indexes. With this transition, we were able to achieve the goal
of a full family of style ETFs by which investors can develop transparent asset
allocation strategies, prevent unintended style or size bets, and implement pure
style and/or market cap rotation strategies--all the while maintaining the style
index purity that investors have come to expect from us.
On behalf of the streetTRACKS Trust, I thank you for your continued support. I
want to reassure you of our commitment to the ETF business. We are dedicated to
the continued development of ETFs that are, at once, innovative and
practical--to help you achieve your investment objectives.
Regards,
James Ross
President
streetTRACKS SeriesTrust
1
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Total Market ETF--PERFORMANCE SUMMARY
(formerly, streetTRACKS Total Market ETF; formerly, FORTUNE 500(R) Index
Fund)
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
-----------------------------------------------------------------------------------
DOW JONES FORTUNE 500/ S&P 500 INDEX
NET ASSET MARKET WILSHIRE 5000 DOW JONES WILSHIRE (BROAD-BASED
VALUE VALUE COMPOSITE INDEX 5000 (2) COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SIX MONTHS ENDED 12/31/05 6.51% 6.05% 6.33% N/A 5.77%
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 6.91% 6.68% 6.38% 6.82% 4.91%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 48.94% 49.75% 57.52% 49.67% 49.70%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 5.35% 5.50% 10.98% 6.22% 2.75%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 2.85% 2.68% 4.92% 11.12% -1.95%
------------------------------------------------------------------------------------------------------------------
</Table>
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------------
AVERAGE ANNUAL TOTAL RETURN
-----------------------------------------------------------------------------------
DOW JONES FORTUNE 500/ S&P 500 INDEX
NET ASSET MARKET WILSHIRE 5000 DOW JONES (BROAD-BASED
VALUE VALUE COMPOSITE INDEX WILSHIRE 5000 (2) COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 6.91% 6.68% 6.38% 6.82% 4.91%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 14.20% 14.41% 16.35% 14.39% 14.39%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 1.05% 1.08% 2.11% 1.21% 0.54%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 0.54% 0.51% 0.92% 2.03% -0.38%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period October 10, 2000 (commencement of trading on the AMEX) to
December 31, 2005.
(2) A blended index return comprised of the Fortune 500 Index through 6/13/05
and the Dow Jones Wilshire 5000 Index return from 6/14/05 through
12/31/05.
2
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Total Market ETF--PERFORMANCE SUMMARY (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE TOTAL MARKET ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
S&P 500 INDEX (BROAD-
DJ WILSHIRE TOTAL MARKET BASED COMPARATIVE DOW JONES WILSHIRE 5000
ETF(A) INDEX)(C) COMPOSITE INDEX(B)
------------------------ --------------------- -----------------------
10/04/00 10000 10000 10000
12/31/00 9467 9230 8970
03/31/01 8516 8135 7863
06/30/01 8978 8612 8452
09/30/01 7763 7348 7107
12/31/01 8498 8133 7986
03/31/02 8562 8155 8063
06/30/02 7480 7063 7046
09/30/02 6228 5843 5863
12/31/02 6696 6337 5863
03/31/03 6467 6337 6126
06/30/03 7422 7082 7135
09/30/03 7593 7268 7401
12/31/03 8478 8153 8321
03/31/04 8593 8418 8537
06/30/04 8706 8433 8651
09/30/04 8560 8275 8492
12/31/04 9327 9039 9358
03/31/05 9363 9004 9149
06/30/05 9364 9173 9361
09/30/05 9758 9538 9738
12/31/05 9974 9484 9927
</Table>
3
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Total Market ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
--------------------------------------------------------------------------------------------------------
DESCRIPTION GENERAL EXXON MOBIL MICROSOFT CITIGROUP, PROCTER &
ELECTRIC CO. CORP. CORP. INC. GAMBLE CO.
--------------------------------------------------------------------------------------------------------
MARKET VALUE $2,625,455 2,559,274 1,820,014 1,753,243 1,363,942
--------------------------------------------------------------------------------------------------------
% OF NET ASSETS 2.54% 2.47 1.76 1.69 1.32
--------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Computer Software/Services 5.1%
Manufacturing (Diversified) 4.4
Oil (Integrated) 4.3
Financial (Diversified) 4.2
Health Care (Drugs/Pharmaceuticals) 3.9
Banks (Major Regional) 3.4
Health Care (Medical
Products/Supplies) 3.0
Electric Utilities 2.8
Electronics (Semiconductors) 2.7
Computers (Hardware) 2.6
Telephone 2.5
Banks (Regional) 2.4
Insurance (Multi-Line) 2.3
Real Estate Investment Trust 2.3
Biotechnology 2.1
Household Products (Non-Durable) 2.0
Oil & Gas (Drilling & Equipment) 1.9
Oil & Gas (Exploration/Products) 1.9
Health Care (Managed Care) 1.8
Investment Banking/Brokerage 1.8
Services (Commercial & Consumer) 1.8
Broadcasting (TV, Radio & Cable) 1.6
Aerospace/Defense 1.5
Beverages (Non-Alcoholic) 1.4
Communications Equipment 1.3
Chemicals (Diversified) 1.2
Entertainment 1.2
Retail (General Merchandising Chain) 1.2
Tobacco 1.2
Consumer Finance 1.1
Foods Products 1.0
Retail (Building Supplies) 1.0
Computers (Networking) 0.9
Insurance (Life/Health) 0.9
Restaurants 0.9
Retail (Specialty) 0.9
Savings & Loan Companies 0.9
Insurance (Property/Casualty) 0.8
Machinery (Diversified) 0.8
Natural Gas (Distribution/Pipe Line) 0.8
Trucking 0.8
Distributors (Food & Health) 0.7
Reinsurance 0.7
Retail Stores (Drug Store) 0.7
Services (Data Processing) 0.7
Cellular/Wireless Telecommunications 0.6
Computers (Peripherals) 0.6
Electronics (Instrument) 0.6
Homebuilding 0.6
Railroads 0.6
Electrical Equipment 0.5
Health Care (Diversified) 0.5
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Investment Management 0.5%
Leisure Time (Products) 0.5
Retail (Department Stores) 0.5
Retail (Specialty Apparel) 0.5
Equipment (Semiconductors) 0.4
Gaming & Lottery 0.4
Lodging (Hotels) 0.4
Metals Mining 0.4
Oil & Gas (Refining & Marketing) 0.4
Paper & Related Products 0.4
Retail (Discounters) 0.4
Automobiles & Parts 0.3
Beverages (Alcoholic) 0.3
Building Materials 0.3
Chemicals (Specialty) 0.3
Electronics (Component Distribution) 0.3
Health Care (Special Services) 0.3
Household Furnishings & Appliances 0.3
Insurance (Financial Guarantee) 0.3
Office Equipment & Supplies 0.3
Retail 0.3
Services (Advertising/Marketing) 0.3
Services (Computer Systems) 0.3
Airlines 0.2
Auto Parts & Equipment 0.2
Coal 0.2
Footwear 0.2
Gold/Precious Metals Mining 0.2
Health Care (Hospital Management) 0.2
Insurance Brokers 0.2
Metal Fabricators 0.2
Publishing 0.2
Publishing (Newspapers) 0.2
Retail (Computers & Electronics) 0.2
Services (Employment) 0.2
Steel 0.2
Textiles (Apparel) 0.2
Containers (Metals & Glass) 0.1
Containers/Packaging (Paper & Plastic) 0.1
Engineering & Construction 0.1
Hand/Machine Tools 0.1
Manufacturing (Specialized) 0.1
Paper & Forest Products 0.1
Personal & Household Goods 0.1
Power Producers (Independent) 0.1
Trucks & Parts 0.1
Waste Management 0.1
Agriculture 0.0**
Short Term Investments 0.3
Other Assets & Liabilities 0.1
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
** Amount shown represents less than 0.005% of net assets.
4
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Large Cap ETF--PERFORMANCE SUMMARY
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
------------------------------------------------------------------------------
NET ASSET MARKET DOW JONES WILSHIRE DOW JONES LARGE CAP INDEX
VALUE VALUE LARGE CAP INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 1.92% 2.08% 1.93% 1.51%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to
December 31, 2005.
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE LARGE CAP ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES LARGE CAP
DJ WILSHIRE LARGE CAP INDEX (BROAD-BASED DOW JONES WILSHIRE LARGE
ETF(A) COMPARATIVE INDEX)(C) CAP INDEX(B)
--------------------- --------------------- ------------------------
11/08/05 10000 10000 10000
12/31/05 10278 10237 10280
</Table>
5
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Large Cap ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
-----------------------------------------------------------------------------------------------------------------
DESCRIPTION GENERAL EXXON MOBIL CITIGROUP, INC. MICROSOFT PROCTER &
ELECTRIC CO. CORP. CORP. GAMBLE CO.
-----------------------------------------------------------------------------------------------------------------
MARKET VALUE $427,926 411,670 290,549 284,015 224,980
-----------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 2.98% 2.87 2.02 1.98 1.57
-----------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Oil (Integrated) 5.3%
Computer Software/Services 5.1
Financial (Diversified) 4.8
Manufacturing (Diversified) 4.8
Banks (Major Regional) 4.4
Health Care (Drugs/Pharmaceuticals) 4.2
Health Care (Medical
Products/Supplies) 3.2
Electric Utilities 3.0
Computers (Hardware) 2.9
Telephone 2.8
Electronics (Semiconductors) 2.7
Insurance (Multi-Line) 2.5
Household Products (Non-Durable) 2.3
Investment Banking/Brokerage 2.0
Biotechnology 1.9
Oil & Gas (Drilling & Equipment) 1.9
Health Care (Managed Care) 1.8
Aerospace/Defense 1.7
Oil & Gas (Exploration/Products) 1.7
Beverages (Non-Alcoholic) 1.6
Broadcasting (TV, Radio & Cable) 1.6
Entertainment 1.4
Real Estate Investment Trust 1.4
Retail (General Merchandising Chain) 1.4
Tobacco 1.4
Chemicals (Diversified) 1.3
Banks (Regional) 1.2
Services (Commercial & Consumer) 1.2
Communications Equipment 1.1
Consumer Finance 1.1
Foods Products 1.1
Retail (Building Supplies) 1.1
Computers (Networking) 1.0
Insurance (Life/Health) 1.0
Insurance (Property/Casualty) 0.8
Machinery (Diversified) 0.8
Restaurants 0.8
Cellular/Wireless Telecommunications 0.7
Reinsurance 0.7
Retail (Specialty) 0.7
Retail Stores (Drug Store) 0.7
Savings & Loan Companies 0.7
Trucking 0.7
Distributors (Food & Health) 0.6
Natural Gas (Distribution/Pipe Line) 0.6
Railroads 0.6
Services (Data Processing) 0.6
Computers (Peripherals) 0.5
Health Care (Diversified) 0.5
Investment Management 0.5
Retail (Specialty Apparel) 0.5
Beverages (Alcoholic) 0.4
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Electrical Equipment 0.4%
Equipment (Semiconductors) 0.4
Gaming & Lottery 0.4
Homebuilding 0.4
Leisure Time (Products) 0.4
Metals Mining 0.4
Retail (Department Stores) 0.4
Automobiles & Parts 0.3
Building Materials 0.3
Chemicals (Specialty) 0.3
Electronics (Instrument) 0.3
Health Care (Hospital Management) 0.3
Insurance (Financial Guarantee) 0.3
Insurance Brokers 0.3
Lodging (Hotels) 0.3
Paper & Related Products 0.3
Publishing (Newspapers) 0.3
Retail 0.3
Retail (Discounters) 0.3
Coal 0.2
Gold/Precious Metals Mining 0.2
Health Care (Special Services) 0.2
Household Furnishings & Appliances 0.2
Office Equipment & Supplies 0.2
Personal & Household Goods 0.2
Publishing 0.2
Retail (Computers & Electronics) 0.2
Services (Advertising/Marketing) 0.2
Services (Computer Systems) 0.2
Textiles (Apparel) 0.2
Waste Management 0.2
Airlines 0.1
Auto Parts & Equipment 0.1
Containers (Metals & Glass) 0.1
Containers/Packaging (Paper & Plastic) 0.1
Electronics (Component Distribution) 0.1
Engineering & Construction 0.1
Footwear 0.1
Hand/Machine Tools 0.1
Manufacturing (Specialized) 0.1
Metal Fabricators 0.1
Paper & Forest Products 0.1
Power Producers (Independent) 0.1
Services (Employment) 0.1
Steel 0.1
Transportation 0.1
Trucks & Parts 0.1
Oil & Gas (Refining & Marketing) 0.0**
Short Term Investments 0.2
Other Assets & Liabilities 0.1
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
** Amount shown represents less than 0.005% of net assets.
6
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Large Cap Growth ETF--PERFORMANCE SUMMARY
(formerly, streetTRACKS Dow Jones U.S. Large Cap Growth Index Fund)
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
-------------------------------------------------------------------------------------
DOW JONES
DOW JONES DOW JONES LARGE CAP INDEX
NET ASSET MARKET WILSHIRE LARGE CAP U.S. LARGE CAP (BROAD-BASED
VALUE VALUE GROWTH INDEX (2) GROWTH INDEX (3) COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SIX MONTHS ENDED 12/31/05 7.22% 7.08% 7.34% 6.59% 5.54%
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 3.10% 2.79% 3.28% 2.56% 4.62%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 39.73% 38.86% 40.69% 39.71% 45.37%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 -29.00% -30.14% -28.25% -28.75% -6.33%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING -46.42% -47.22% -45.85% -46.23% -16.54%
(1)
------------------------------------------------------------------------------------------------------------------
</Table>
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
AVERAGE ANNUAL TOTAL RETURN
-------------------------------------------------------------------------------------
DOW JONES
DOW JONES DOW JONES LARGE CAP INDEX
NET ASSET MARKET WILSHIRE LARGE CAP U.S. LARGE CAP (BROAD-BASED
VALUE VALUE GROWTH INDEX (2) GROWTH INDEX (3) COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 3.10% 2.79% 3.28% 2.56% 4.62%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 11.80% 11.57% 12.05% 11.79% 13.28%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 -6.62% -6.92% -6.42% -6.55% -1.30%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING -11.20% -11.45% -11.03% -11.15% -3.38%
(1)
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period September 29, 2000 (commencement of trading on the AMEX)
to December 31, 2005.
(2) Effective October 31, 2005, the Fund changed its benchmark to the Dow
Jones Wilshire Large Cap Growth Index.
(3) The Dow Jones U.S. Large Cap Growth Index ceased real-time publication on
or about October 31, 2005.
7
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Large Cap Growth ETF--PERFORMANCE SUMMARY
(continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE LARGE CAP GROWTH ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES LARGE CAP
DJ WILSHIRE LARGE CAP INDEX (BROAD-BASED DOW JONES WILSHIRE LARGE
GROWTH ETF(A) COMPARATIVE INDEX)(C) CAP GROWTH INDEX(B)
--------------------- --------------------- ------------------------
09/25/00 10000 10000 10000
09/30/00 9800 9969 9799
12/31/00 7395 8882 7395
03/31/01 5703 7629 5706
06/30/01 6252 8039 6260
09/30/01 4696 6847 4704
12/31/01 5498 7508 5512
03/31/02 5244 7447 5259
06/30/02 4233 6353 4246
09/30/02 3506 5290 3518
12/31/02 3757 5723 3771
03/31/03 3780 5542 3796
06/30/03 4249 6376 4270
09/30/03 4378 6499 4402
12/31/03 4854 7263 4885
03/31/04 4872 7341 4905
06/30/04 4959 7466 4996
09/30/04 4696 7309 4734
12/31/04 5093 7953 5139
03/31/05 4839 7780 4884
06/30/05 4896 7884 4944
09/30/05 5067 8146 5118
12/31/05 5250 8320 5306
</Table>
8
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Large Cap Growth ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
-------------------------------------------------------------------------------------------------------------------
DESCRIPTION MICROSOFT PROCTER & JOHNSON & INTERNATIONAL BUSINESS WAL-MART
CORP. GAMBLE CO. JOHNSON MACHINES CORP. STORES, INC.
-------------------------------------------------------------------------------------------------------------------
MARKET VALUE $5,991,514 4,777,473 4,321,070 3,174,235 2,926,872
-------------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 4.18% 3.33 3.01 2.21 2.04
-------------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Computer Software/Services 9.4%
Health Care (Medical
Products/Supplies) 6.7
Computers (Hardware) 4.3
Household Products (Non-Durable) 4.2
Oil & Gas (Drilling & Equipment) 4.1
Biotechnology 4.0
Health Care (Managed Care) 3.8
Broadcasting (TV, Radio & Cable) 3.2
Oil & Gas (Exploration/Products) 3.2
Retail (General Merchandising Chain) 3.0
Electronics (Semiconductors) 2.7
Aerospace/Defense 2.2
Retail (Building Supplies) 2.2
Computers (Networking) 2.1
Communications Equipment 1.9
Consumer Finance 1.9
Services (Commercial & Consumer) 1.8
Beverages (Non-Alcoholic) 1.7
Health Care (Drugs/Pharmaceuticals) 1.7
Manufacturing (Diversified) 1.6
Trucking 1.6
Reinsurance 1.5
Retail Stores (Drug Store) 1.5
Retail (Specialty) 1.4
Distributors (Food & Health) 1.3
Entertainment 1.3
Services (Data Processing) 1.3
Insurance (Life/Health) 1.2
Computers (Peripherals) 1.0
Banks (Major Regional) 0.9
Financial (Diversified) 0.9
Homebuilding 0.9
Equipment (Semiconductors) 0.8
Restaurants 0.8
Retail (Specialty Apparel) 0.8
Gaming & Lottery 0.7
Insurance (Property/Casualty) 0.7
Investment Management 0.7
Lodging (Hotels) 0.7
Oil & Gas (Refining & Marketing) 0.7
Beverages (Alcoholic) 0.6
Chemicals (Diversified) 0.6
Health Care (Hospital Management) 0.6
Retail (Discounters) 0.6
Savings & Loan Companies 0.6
Cellular/Wireless Telecommunications 0.5
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Electronics (Instrument) 0.4%
Foods Products 0.4
Gold/Precious Metals Mining 0.4
Health Care (Diversified) 0.4
Health Care (Special Services) 0.4
Machinery (Diversified) 0.4
Publishing 0.4
Retail (Department Stores) 0.4
Services (Advertising/Marketing) 0.4
Chemicals (Specialty) 0.3
Coal 0.3
Natural Gas (Distribution/Pipe Line) 0.3
Personal & Household Goods 0.3
Railroads 0.3
Real Estate Investment Trust 0.3
Retail (Computers & Electronics) 0.3
Services (Employment) 0.3
Textiles (Apparel) 0.3
Waste Management 0.3
Airlines 0.2
Automobiles & Parts 0.2
Electric Utilities 0.2
Electronics (Component Distribution) 0.2
Engineering & Construction 0.2
Footwear 0.2
Household Furnishings & Appliances 0.2
Investment Banking/Brokerage 0.2
Metals Mining 0.2
Retail 0.2
Auto Parts & Equipment 0.1
Banks (Regional) 0.1
Building Materials 0.1
Containers (Metals & Glass) 0.1
Containers/Packaging (Paper & Plastic) 0.1
Hand/Machine Tools 0.1
Insurance Brokers 0.1
Leisure Time (Products) 0.1
Manufacturing (Specialized) 0.1
Metal Fabricators 0.1
Publishing (Newspapers) 0.1
Services (Computer Systems) 0.1
Telephone 0.1
Short Term Investments 0.0**
Other Assets & Liabilities 0.2
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
** Amount shown represents less than 0.005% of net assets.
9
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Large Cap Value ETF--PERFORMANCE SUMMARY
(formerly, streetTRACKS Dow Jones U.S. Large Cap Value Index Fund)
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
---------------------------------------------------------------------------------
DOW JONES
DOW JONES DOW JONES LARGE CAP INDEX
NET ASSET MARKET WILSHIRE LARGE CAP U.S. LARGE CAP (BROAD-BASED
VALUE VALUE VALUE INDEX (2) VALUE INDEX (3) COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SIX MONTHS ENDED 12/31/05 5.05% 4.96% 5.13% 4.64% 5.54%
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 5.48% 5.38% 5.61% 5.12% 4.62%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 49.76% 49.34% 50.78% 50.08% 45.37%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 15.63% 15.64% 16.92% 16.37% -6.33%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 20.34% 20.07% 21.70% 21.13% -16.54%
------------------------------------------------------------------------------------------------------------------
</Table>
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
AVERAGE ANNUAL TOTAL RETURN
---------------------------------------------------------------------------------
DOW JONES
DOW JONES DOW JONES LARGE CAP INDEX
NET ASSET MARKET WILSHIRE LARGE CAP U.S. LARGE CAP (BROAD-BASED
VALUE VALUE VALUE INDEX (2) VALUE INDEX (3) COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 5.48% 5.38% 5.61% 5.12% 4.62%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 14.41% 14.30% 14.67% 14.49% 13.28%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 2.95% 2.95% 3.18% 3.08% -1.30%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 3.59% 3.54% 3.81% 3.71% -3.38%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period September 29, 2000 (commencement of trading on the AMEX)
to December 31, 2005.
(2) Effective October 31, 2005, the Fund changed its benchmark index to the
Dow Jones Wilshire Large Cap Value Index.
(3) The Dow Jones U.S. Large Cap Value Index ceased real-time publication on
or about October 31, 2005.
10
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Large Cap Value ETF--PERFORMANCE SUMMARY (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE LARGE CAP VALUE ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES LARGE CAP
DJ WILSHIRE LARGE CAP INDEX (BROAD-BASED DOW JONES WILSHIRE LARGE
VALUE ETF(A) COMPARATIVE INDEX)(C) CAP VALUE INDEX(B)
--------------------- --------------------- ------------------------
9/25/00 10000 10000 10000
9/30/00 10175 9969 10179
12/31/00 10592 8882 10595
3/31/01 9812 7629 9819
6/30/01 10128 8039 10142
9/30/01 9422 6847 9437
12/31/01 9925 7508 9947
3/31/02 10079 7447 10110
6/30/02 8881 6353 8909
9/30/02 7418 5290 7445
12/31/02 8175 5723 8214
3/31/03 7726 5542 7765
6/30/03 9136 6376 9192
9/30/03 9152 6499 9212
12/31/03 10262 7263 10341
3/31/04 10428 7341 10513
6/30/04 10555 7466 10648
9/30/04 10690 7309 10787
12/31/04 11609 7953 11725
3/31/05 11518 7779 11635
6/30/05 11657 7884 11780
9/30/05 12032 8145 12163
12/31/05 12245 8320 12387
</Table>
11
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Large Cap Value ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
--------------------------------------------------------------------------------------------------------------------
DESCRIPTION GENERAL EXXON MOBIL CITIGROUP, INC. BANK OF PFIZER, INC.
ELECTRIC CO. CORP. AMERICA CORP.
--------------------------------------------------------------------------------------------------------------------
MARKET VALUE $5,556,897 5,345,587 3,771,994 3,220,532 2,589,406
--------------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 5.66% 5.44 3.84 3.28 2.64
--------------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Oil (Integrated) 9.5%
Financial (Diversified) 8.3
Manufacturing (Diversified) 7.8
Banks (Major Regional) 7.5
Health Care (Drugs/Pharmaceuticals) 6.4
Electric Utilities 5.5
Telephone 5.2
Insurance (Multi-Line) 4.8
Investment Banking/Brokerage 3.5
Electronics (Semiconductors) 2.8
Banks (Regional) 2.6
Tobacco 2.6
Real Estate Investment Trust 2.5
Chemicals (Diversified) 1.8
Foods Products 1.7
Computers (Hardware) 1.6
Beverages (Non-Alcoholic) 1.4
Entertainment 1.4
Computer Software/Services 1.3
Aerospace/Defense 1.2
Machinery (Diversified) 1.1
Insurance (Property/Casualty) 0.9
Railroads 0.9
Cellular/Wireless Telecommunications 0.8
Electrical Equipment 0.8
Insurance (Life/Health) 0.8
Leisure Time (Products) 0.8
Natural Gas (Distribution/Pipe Line) 0.8
Savings & Loan Companies 0.8
Health Care (Diversified) 0.7
Restaurants 0.7
Metals Mining 0.6
Household Products (Non-Durable) 0.5
Insurance (Financial Guarantee) 0.5
Paper & Related Products 0.5
Publishing (Newspapers) 0.5
Retail 0.5
Retail (Department Stores) 0.5
Services (Commercial & Consumer) 0.5
Building Materials 0.4
Communications Equipment 0.4
Electronics (Instrument) 0.4
Insurance Brokers 0.4
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Office Equipment & Supplies 0.4%
Automobiles & Parts 0.3
Chemicals (Specialty) 0.3
Investment Management 0.3
Oil & Gas (Exploration/Products) 0.3
Services (Computer Systems) 0.3
Trucks & Parts 0.3
Containers/Packaging (Paper & Plastic) 0.2
Electronics (Component Distribution) 0.2
Household Furnishings & Appliances 0.2
Paper & Forest Products 0.2
Retail (Specialty) 0.2
Steel 0.2
Textiles (Apparel) 0.2
Auto Parts & Equipment 0.1
Beverages (Alcoholic) 0.1
Biotechnology 0.1
Broadcasting (TV, Radio & Cable) 0.1
Coal 0.1
Computers (Peripherals) 0.1
Distributors (Food & Health) 0.1
Hand/Machine Tools 0.1
Health Care (Hospital Management) 0.1
Manufacturing (Specialized) 0.1
Oil & Gas (Refining & Marketing) 0.1
Personal & Household Goods 0.1
Power Producers (Independent) 0.1
Reinsurance 0.1
Retail (Building Supplies) 0.1
Retail (Computers & Electronics) 0.1
Retail (Specialty Apparel) 0.1
Services (Advertising/Marketing) 0.1
Waste Management 0.1
Containers (Metals & Glass) 0.0**
Equipment (Semiconductors) 0.0**
Health Care (Medical
Products/Supplies) 0.0**
Publishing 0.0**
Trucking 0.0**
Short Term Investments 0.3
Other Assets & Liabilities 0.0**
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
** Amount shown represents less than 0.005% of net assets.
12
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Mid Cap ETF--PERFORMANCE SUMMARY
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
---------------------------------------------------------------------------
NET ASSET MARKET DOW JONES WILSHIRE DOW JONES MID CAP INDEX
VALUE VALUE MID CAP INDEX (BROAD-BASED COMPARATIVE INDEX)
---------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 3.42% 3.21% 3.45% 3.86%
---------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to
December 31, 2005.
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE MID CAP ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES MID CAP
DJ WILSHIRE MID CAP INDEX (BROAD-BASED DOW JONES WILSHIRE MID
ETF(A) COMPARATIVE INDEX)(C) CAP INDEX(B)
------------------- --------------------- ----------------------
11/08/05 10000 10000 10000
12/31/05 10437 10489 10441
</Table>
13
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Mid Cap ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
----------------------------------------------------------------------------------------------------------------
DESCRIPTION IVAX CORP. OMNICARE, CONSOL SOUTHWESTERN HEALTH NET, INC.
INC. ENERGY, INC. ENERGY CO.
----------------------------------------------------------------------------------------------------------------
MARKET VALUE $123,252 122,851 110,154 107,353 107,224
----------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 0.48% 0.48 0.43 0.42 0.42
----------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Real Estate Investment Trust 7.2%
Services (Commercial & Consumer) 5.2
Computer Software/Services 5.0
Electric Utilities 4.5
Health Care (Medical
Products/Supplies) 4.3
Banks (Regional) 4.2
Oil & Gas (Exploration/Products) 2.7
Chemicals (Specialty) 2.5
Natural Gas (Distribution/Pipe Line) 2.5
Oil & Gas (Drilling & Equipment) 2.1
Biotechnology 2.0
Health Care (Drugs/Pharmaceuticals) 2.0
Retail (Specialty) 2.0
Manufacturing (Diversified) 1.8
Electronics (Instrument) 1.7
Electronics (Semiconductors) 1.7
Retail (Specialty Apparel) 1.7
Communications Equipment 1.4
Health Care (Managed Care) 1.4
Services (Data Processing) 1.4
Insurance (Property/Casualty) 1.3
Investment Management 1.3
Electronics (Component Distribution) 1.2
Insurance (Multi-Line) 1.2
Containers/Packaging (Paper & Plastic) 1.1
Services (Advertising/Marketing) 1.1
Coal 1.0
Homebuilding 1.0
Paper & Related Products 1.0
Savings & Loan Companies 1.0
Auto Parts & Equipment 0.9
Foods Products 0.9
Gaming & Lottery 0.9
Health Care (Special Services) 0.9
Insurance (Life/Health) 0.9
Leisure Time (Products) 0.9
Publishing (Newspapers) 0.9
Trucking 0.9
Building Materials 0.8
Equipment (Semiconductors) 0.8
Manufacturing (Specialized) 0.8
Reinsurance 0.8
Telephone 0.8
Textiles (Apparel) 0.8
Containers (Metals & Glass) 0.7
Services (Employment) 0.7
Beverages (Alcoholic) 0.6
Cellular/Wireless Telecommunications 0.6
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Financial (Diversified) 0.6%
Health Care (Hospital Management) 0.6
Insurance (Financial Guarantee) 0.6
Investment Banking/Brokerage 0.6
Machinery (Diversified) 0.6
Restaurants 0.6
Retail (Discounters) 0.6
Trucks & Parts 0.6
Broadcasting (TV, Radio & Cable) 0.5
Chemicals (Diversified) 0.5
Insurance Brokers 0.5
Power Producers (Independent) 0.5
Publishing 0.5
Retail (Computers & Electronics) 0.5
Transportation 0.5
Consumer Finance 0.4
Electrical Equipment 0.4
Environmental Control 0.4
Gold/Precious Metals Mining 0.4
Hand/Machine Tools 0.4
Household Products (Non-Durable) 0.4
Lodging (Hotels) 0.4
Oil & Gas (Refining & Marketing) 0.4
Beverages (Non-Alcoholic) 0.3
Computers (Peripherals) 0.3
Distributors (Food & Health) 0.3
Engineering & Construction 0.3
Footwear 0.3
Household Furnishings & Appliances 0.3
Metal Fabricators 0.3
Personal & Household Goods 0.3
Retail (Department Stores) 0.3
Waste Management 0.3
Aerospace/Defense 0.2
Airlines 0.2
Distribution/Wholesale 0.2
Entertainment 0.2
Office Furnishings 0.2
Oil Field Services 0.2
Steel 0.2
Tobacco 0.2
Industrial Goods & Services 0.1
Retail Stores (Drug Store) 0.1
Short Term Investments 0.2
Other Assets & Liabilities 0.4
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
14
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Mid Cap Growth ETF--PERFORMANCE SUMMARY
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
------------------------------------------------------------------------------
NET ASSET MARKET DOW JONES WILSHIRE MID CAP DOW JONES MID CAP INDEX
VALUE VALUE GROWTH INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 3.68% 2.98% 3.73% 3.86%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to
December 31, 2005.
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE MID CAP GROWTH ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES MID CAP
DJ WILSHIRE MID CAP INDEX (BROAD-BASED DOW JONES WILSHIRE MID
GROWTH INDEX ETF(A) COMPARATIVE INDEX)(C) CAP GROWTH INDEX(B)
------------------- --------------------- ----------------------
11/08/05 10000 10000 10000
12/31/05 10438 10489 10444
</Table>
15
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Mid Cap Growth ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
------------------------------------------------------------------------------------------------------------------
DESCRIPTION IVAX CORP. OMNICARE, INC. SOUTHWESTERN NII HOLDINGS, NVIDIA CORP.
ENERGY CO. INC.
------------------------------------------------------------------------------------------------------------------
MARKET VALUE $250,859 248,907 217,868 215,080 214,461
------------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 0.99% 0.98 0.86 0.85 0.85
------------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Health Care (Medical
Products/Supplies) 8.1%
Services (Commercial & Consumer) 7.0
Computer Software/Services 6.3
Oil & Gas (Exploration/Products) 4.7
Oil & Gas (Drilling & Equipment) 4.4
Health Care (Drugs/Pharmaceuticals) 4.3
Retail (Specialty Apparel) 3.6
Retail (Specialty) 3.6
Biotechnology 3.3
Electronics (Semiconductors) 2.9
Health Care (Managed Care) 2.9
Services (Data Processing) 2.9
Gaming & Lottery 1.9
Electronics (Instrument) 1.8
Health Care (Special Services) 1.8
Communications Equipment 1.7
Insurance (Property/Casualty) 1.7
Natural Gas (Distribution/Pipe Line) 1.7
Services (Advertising/Marketing) 1.6
Cellular/Wireless Telecommunications 1.4
Services (Employment) 1.4
Health Care (Hospital Management) 1.3
Real Estate Investment Trust 1.3
Restaurants 1.3
Equipment (Semiconductors) 1.2
Retail (Discounters) 1.2
Chemicals (Specialty) 1.1
Containers (Metals & Glass) 1.1
Machinery (Diversified) 1.0
Auto Parts & Equipment 0.9
Homebuilding 0.9
Investment Management 0.9
Manufacturing (Diversified) 0.9
Electronics (Component Distribution) 0.8
Household Products (Non-Durable) 0.8
Leisure Time (Products) 0.8
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Manufacturing (Specialized) 0.8%
Trucking 0.8
Coal 0.7
Consumer Finance 0.7
Footwear 0.7
Publishing 0.7
Computers (Peripherals) 0.6
Engineering & Construction 0.6
Environmental Control 0.6
Textiles (Apparel) 0.6
Containers/Packaging (Paper & Plastic) 0.5
Gold/Precious Metals Mining 0.5
Insurance (Multi-Line) 0.5
Insurance Brokers 0.5
Lodging (Hotels) 0.5
Personal & Household Goods 0.5
Reinsurance 0.5
Trucks & Parts 0.5
Aerospace/Defense 0.4
Airlines 0.4
Building Materials 0.4
Financial (Diversified) 0.4
Banks (Regional) 0.3
Entertainment 0.3
Industrial Goods & Services 0.3
Office Furnishings 0.3
Oil & Gas (Refining & Marketing) 0.3
Beverages (Non-Alcoholic) 0.2
Broadcasting (TV, Radio & Cable) 0.2
Chemicals (Diversified) 0.2
Publishing (Newspapers) 0.2
Transportation 0.2
Short Term Investments 0.3
Other Assets & Liabilities 0.3
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
16
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Mid Cap Value ETF--PERFORMANCE SUMMARY
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
---------------------------------------------------------------------------
NET ASSET MARKET DOW JONES WILSHIRE DOW JONES MID CAP INDEX
VALUE VALUE MID CAP VALUE INDEX (BROAD-BASED COMPARATIVE INDEX)
---------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 3.19% 2.32% 3.20% 3.86%
---------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to
December 31, 2005.
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE MID CAP VALUE ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES MID CAP
DJ WILSHIRE MID CAP INDEX (BROAD-BASED DOW JONES WILSHIRE MID
VALUE ETF COMPARATIVE INDEX) CAP VALUE INDEX
------------------- ------------------ ----------------------
11/08/05 10000 10000 10000
12/31/05 10438 10489 10439
</Table>
17
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Mid Cap Value ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
------------------------------------------------------------------------------------------------------------------------
DESCRIPTION CONSOL APPLERA CORP.- ALLEGHENY TEMPLE- INLAND, EQUIFAX, INC.
ENERGY, INC. APPLIED ENERGY, INC. INC.
BIOSYSTEMS GROUP
------------------------------------------------------------------------------------------------------------------------
MARKET VALUE $213,204 188,974 180,975 180,925 180,633
------------------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 0.81% 0.72 0.69 0.69 0.69
------------------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Real Estate Investment Trust 12.7%
Electric Utilities 8.7
Banks (Regional) 7.8
Chemicals (Specialty) 3.9
Computer Software/Services 3.7
Services (Commercial & Consumer) 3.5
Natural Gas (Distribution/Pipe Line) 3.3
Manufacturing (Diversified) 2.7
Paper & Related Products 2.0
Savings & Loan Companies 2.0
Insurance (Multi-Line) 1.9
Foods Products 1.8
Insurance (Life/Health) 1.7
Containers/Packaging (Paper & Plastic) 1.6
Electronics (Component Distribution) 1.6
Electronics (Instrument) 1.6
Investment Management 1.6
Telephone 1.6
Publishing (Newspapers) 1.5
Building Materials 1.3
Coal 1.2
Insurance (Financial Guarantee) 1.2
Beverages (Alcoholic) 1.1
Communications Equipment 1.1
Investment Banking/Brokerage 1.1
Reinsurance 1.1
Trucking 1.1
Homebuilding 1.0
Leisure Time (Products) 1.0
Auto Parts & Equipment 0.9
Insurance (Property/Casualty) 0.9
Power Producers (Independent) 0.9
Retail (Computers & Electronics) 0.9
Textiles (Apparel) 0.9
Broadcasting (TV, Radio & Cable) 0.8
Chemicals (Diversified) 0.8
Financial (Diversified) 0.8
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Hand/Machine Tools 0.8%
Health Care (Medical
Products/Supplies) 0.8
Manufacturing (Specialized) 0.8
Transportation 0.8
Biotechnology 0.7
Electrical Equipment 0.7
Electronics (Semiconductors) 0.7
Oil & Gas (Exploration/Products) 0.7
Trucks & Parts 0.7
Distributors (Food & Health) 0.6
Household Furnishings & Appliances 0.6
Insurance Brokers 0.6
Metal Fabricators 0.6
Oil & Gas (Refining & Marketing) 0.6
Waste Management 0.6
Beverages (Non-Alcoholic) 0.5
Retail (Department Stores) 0.5
Retail (Specialty) 0.5
Services (Advertising/Marketing) 0.5
Tobacco 0.5
Containers (Metals & Glass) 0.4
Equipment (Semiconductors) 0.4
Steel 0.4
Distribution/Wholesale 0.3
Gold/Precious Metals Mining 0.3
Machinery (Diversified) 0.3
Oil Field Services 0.3
Publishing 0.3
Consumer Finance 0.2
Environmental Control 0.2
Lodging (Hotels) 0.2
Retail Stores (Drug Store) 0.2
Entertainment 0.1
Short Term Investments 0.2
Other Assets & Liabilities 0.1
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
18
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Small Cap ETF--PERFORMANCE SUMMARY
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
----------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
----------------------------------------------------------------------------
NET ASSET MARKET DOW JONES WILSHIRE SMALL DOW JONES SMALL CAP INDEX
VALUE VALUE CAP INDEX (BROAD-BASED COMPARATIVE INDEX)
----------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 3.21% 1.92% 3.28% 3.45%
----------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to
December 31, 2005.
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE SMALL CAP ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES SMALL CAP
DJ WILSHIRE SMALL CAP INDEX (BROAD-BASED DOW JONES WILSHIRE SMALL
ETF(A) COMPARATIVE INDEX)(C) CAP INDEX(B)
--------------------- --------------------- ------------------------
11/08/05 10000 10000 10000
12/31/05 10359 10396 10366
</Table>
19
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Small Cap ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION RED HAT, INC. AMYLIN INTUITIVE WESTERN AXIS CAPITAL
PHARMACEUTICALS, INC. SURGICAL, INC. DIGITAL CORP. HOLDINGS, LTD.
------------------------------------------------------------------------------------------------------------------------------
MARKET VALUE $65,594 57,724 56,993 55,160 54,803
------------------------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 0.27% 0.24 0.23 0.23 0.22
------------------------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Real Estate Investment Trust 7.9%
Banks (Regional) 6.3
Computer Software/Services 5.6
Services (Commercial & Consumer) 5.1
Health Care (Medical
Products/Supplies) 3.9
Oil & Gas (Exploration/Products) 3.0
Electronics (Semiconductors) 2.7
Natural Gas (Distribution/Pipe Line) 2.4
Biotechnology 2.2
Health Care (Special Services) 2.2
Retail (Specialty) 2.2
Manufacturing (Diversified) 2.0
Communications Equipment 1.9
Electric Utilities 1.9
Oil & Gas (Drilling & Equipment) 1.7
Machinery (Diversified) 1.6
Chemicals (Specialty) 1.5
Insurance (Property/Casualty) 1.5
Restaurants 1.5
Reinsurance 1.3
Electronics (Instrument) 1.2
Financial (Diversified) 1.2
Health Care (Drugs/Pharmaceuticals) 1.2
Retail (Specialty Apparel) 1.2
Savings & Loan Companies 1.1
Services (Data Processing) 1.1
Building Materials 1.0
Homebuilding 1.0
Steel 1.0
Electronics (Component Distribution) 0.9
Foods Products 0.9
Trucking 0.9
Aerospace/Defense 0.8
Auto Parts & Equipment 0.8
Broadcasting (TV, Radio & Cable) 0.8
Cellular/Wireless Telecommunications 0.8
Electrical Equipment 0.8
Equipment (Semiconductors) 0.8
Insurance (Life/Health) 0.8
Airlines 0.7
Distribution/Wholesale 0.7
Environmental Control 0.7
Investment Management 0.7
Leisure Time (Products) 0.7
Computers (Hardware) 0.6
Footwear 0.6
Investment Banking/Brokerage 0.6
Metal Fabricators 0.6
Paper & Forest Products 0.6
Services (Employment) 0.6
Textiles (Apparel) 0.6
Transportation 0.6
Chemicals (Diversified) 0.5
Computers (Peripherals) 0.5
Engineering & Construction 0.5
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Household Products (Non-Durable) 0.5%
Insurance (Multi-Line) 0.5
Lodging (Hotels) 0.5
Manufacturing (Specialized) 0.5
Oil & Gas (Refining & Marketing) 0.5
Retail (Department Stores) 0.5
Services (Advertising/Marketing) 0.5
Shipping 0.5
Beverages (Non-Alcoholic) 0.4
Coal 0.4
Entertainment 0.4
Gaming & Lottery 0.4
Gold/Precious Metals Mining 0.4
Metals Mining 0.4
Retail (Discounters) 0.4
Telephone 0.4
Energy- Alternate Sources 0.3
Gas & Pipeline Utilities 0.3
Household Furnishings & Appliances 0.3
Office Furnishings 0.3
Publishing 0.3
Publishing (Newspapers) 0.3
Services (Computer Systems) 0.3
Tobacco 0.3
Trucks & Parts 0.3
Computers (Networking) 0.2
Consumer Finance 0.2
Distributors (Food & Health) 0.2
Electronics (Defense) 0.2
Hand/Machine Tools 0.2
Insurance Brokers 0.2
Office Equipment & Supplies 0.2
Personal Care 0.2
Railroads 0.2
Telecommunications 0.2
Agriculture 0.1
Consumer (Jewelry/Novelties) 0.1
Containers (Metals & Glass) 0.1
Containers/Packaging (Paper & Plastic) 0.1
Industrial Goods & Services 0.1
Oil (Integrated) 0.1
Oil Field Services 0.1
Power Producers (Independent) 0.1
Retail 0.1
Retail Stores (Drug Store) 0.1
Semiconductors 0.1
Specialty Printing 0.1
Water 0.1
Air Freight 0.0**
Beverages (Alcoholic) 0.0**
Storage/Warehousing 0.0**
Short Term Investments 0.1
Other Assets & Liabilities 0.2
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
** Amount shown is less than 0.005% of net assets.
20
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Small Cap Growth ETF--PERFORMANCE SUMMARY
(formerly, streetTRACKS Dow Jones U.S. Small Cap Growth Index Fund)
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
---------------------------------------------------------------------------------------
DOW JONES DOW JONES DOW JONES
NET ASSET MARKET WILSHIRE SMALL CAP U.S. SMALL CAP SMALL CAP INDEX
VALUE VALUE GROWTH INDEX(2) GROWTH INDEX(3) (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SIX MONTHS ENDED 12/31/05 8.18% 7.52% 8.29% 8.11% 7.76%
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 8.73% 8.77% 8.97% 8.78% 7.98%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 85.41% 84.59% 86.83% 86.51% 85.98%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 3.15% 3.26% 4.51% 4.33% 58.16%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING -17.18% -17.42% -16.22% -16.31% 47.90%
(1)
------------------------------------------------------------------------------------------------------------------
</Table>
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
AVERAGE ANNUAL TOTAL RETURN
---------------------------------------------------------------------------------------
DOW JONES DOW JONES DOW JONES
NET ASSET MARKET WILSHIRE SMALL CAP U.S. SMALL CAP SMALL CAP INDEX
VALUE VALUE GROWTH INDEX(2) GROWTH INDEX(3) (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 8.73% 8.77% 8.97% 8.78% 7.98%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 22.85% 22.67% 23.16% 23.09% 22.98%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 0.62% 0.64% 0.89% 0.85% 9.60%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING -3.53% -3.58% -3.31% -3.33% 7.73%
(1)
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period September 29, 2000 (commencement of trading on the AMEX)
to December 31, 2005.
(2) Effective October 31, 2005, the Fund changed its benchmark index to the
Dow Jones Wilshire Small Cap Growth Index.
(3) The Dow Jones U.S. Small Cap Growth Index ceased real-time publication on
or about October 31, 2005
21
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Small Cap Growth ETF--PERFORMANCE SUMMARY
(continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE SMALL CAP GROWTH ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES SMALL CAP
DJ WILSHIRE SMALL CAP INDEX (BROAD-BASED DOW JONES WILSHIRE SMALL
GROWTH ETF(A) COMPARATIVE INDEX)(C) CAP GROWTH INDEX(B)
--------------------- --------------------- ------------------------
9/25/00 10000.00 10000.00 10000.00
9/30/00 9988.00 10104.00 9990.00
12/31/00 8019.00 9449.00 8016.00
3/31/01 6585.00 8594.00 6588.00
6/30/01 7893.00 9832.00 7912.00
9/30/01 5499.00 7943.00 5518.00
12/31/01 7307.00 9679.00 7338.00
3/31/02 6824.00 10102.00 6850.00
6/30/02 5396.00 9057.00 5419.00
9/30/02 4090.00 7520.00 4108.00
12/31/02 4462.00 8035.00 4484.00
3/31/03 4338.00 7706.00 4361.00
6/30/03 5341.00 9476.00 5374.00
9/30/03 5865.00 10249.00 5906.00
12/31/03 6605.00 11794.00 6658.00
3/31/04 6943.00 12501.00 7002.00
6/30/04 7006.00 12528.00 7071.00
9/30/04 6735.00 12223.00 6800.00
12/31/04 7607.00 13839.00 7688.00
3/31/05 7393.00 13325.00 7475.00
6/30/05 7646.00 13869.00 7735.00
9/30/05 8054.00 14627.00 8152.00
12/31/05 8272.00 14943.00 8378.00
</Table>
22
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Small Cap Growth ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
----------------------------------------------------------------------------------------------------------------
DESCRIPTION RED HAT, INTUITIVE AMYLIN WESTERN AXIS CAPITAL
INC. SURGICAL, PHARMACEUTICALS, DIGITAL HOLDINGS,
INC. INC. CORP. LTD.
----------------------------------------------------------------------------------------------------------------
MARKET VALUE $377,465 342,897 335,088 333,342 319,056
----------------------------------------------------------------------------------------------------------------
% OF NET 0.54% 0.49 0.48 0.48 0.46
ASSETS
----------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Computer Software/Services 9.9%
Services (Commercial & Consumer) 6.9
Health Care (Medical
Products/Supplies) 6.8
Oil & Gas (Exploration/Products) 4.5
Health Care (Special Services) 4.1
Biotechnology 4.0
Electronics (Semiconductors) 3.9
Banks (Regional) 3.3
Oil & Gas (Drilling & Equipment) 3.2
Communications Equipment 2.5
Restaurants 2.5
Retail (Specialty) 2.5
Health Care (Drugs/Pharmaceuticals) 2.1
Services (Data Processing) 1.9
Retail (Specialty Apparel) 1.8
Cellular/Wireless Telecommunications 1.4
Electronics (Instrument) 1.4
Financial (Diversified) 1.4
Environmental Control 1.1
Manufacturing (Diversified) 1.1
Real Estate Investment Trust 1.1
Natural Gas (Distribution/Pipe Line) 1.0
Aerospace/Defense 0.9
Airlines 0.9
Computers (Hardware) 0.9
Equipment (Semiconductors) 0.9
Leisure Time (Products) 0.9
Trucking 0.9
Building Materials 0.8
Computers (Peripherals) 0.8
Machinery (Diversified) 0.8
Services (Advertising/Marketing) 0.8
Shipping 0.8
Broadcasting (TV, Radio & Cable) 0.7
Distribution/Wholesale 0.7
Electrical Equipment 0.7
Footwear 0.7
Homebuilding 0.7
Reinsurance 0.7
Services (Employment) 0.7
Telephone 0.7
Textiles (Apparel) 0.7
Chemicals (Specialty) 0.6
Electronics (Component Distribution) 0.6
Gaming & Lottery 0.6
Investment Management 0.6
Oil & Gas (Refining & Marketing) 0.6
Gold/Precious Metals Mining 0.5
Household Products (Non-Durable) 0.5
Insurance (Property/Casualty) 0.5
Retail (Department Stores) 0.5
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Retail (Discounters) 0.5%
Services (Computer Systems) 0.5
Trucks & Parts 0.5
Beverages (Non-Alcoholic) 0.4
Electronics (Defense) 0.4
Entertainment 0.4
Foods Products 0.4
Insurance (Multi-Line) 0.4
Office Furnishings 0.4
Publishing 0.4
Insurance (Life/Health) 0.3
Investment Banking/Brokerage 0.3
Metals Mining 0.3
Oil (Integrated) 0.3
Personal Care 0.3
Steel 0.3
Transportation 0.3
Chemicals (Diversified) 0.2
Coal 0.2
Computers (Networking) 0.2
Consumer Finance 0.2
Distributors (Food & Health) 0.2
Energy -- Alternate Sources 0.2
Hand/Machine Tools 0.2
Industrial Goods & Services 0.2
Insurance Brokers 0.2
Lodging (Hotels) 0.2
Manufacturing (Specialized) 0.2
Office Equipment & Supplies 0.2
Power Producers (Independent) 0.2
Publishing (Newspapers) 0.2
Savings & Loan Companies 0.2
Semiconductors 0.2
Telecommunications 0.2
Agriculture 0.1
Air Freight 0.1
Auto Parts & Equipment 0.1
Consumer (Jewelry/Novelties) 0.1
Containers (Metals & Glass) 0.1
Engineering & Construction 0.1
Household Furnishings & Appliances 0.1
Storage/Warehousing 0.1
Beverages (Alcoholic) 0.0**
Containers/Packaging (Paper & Plastic) 0.0**
Metal Fabricators 0.0**
Retail 0.0**
Specialty Printing 0.0**
Short Term Investments 0.0**
Other Assets & Liabilities 0.3
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
** Amount shown is less than 0.005% of net assets.
23
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Small Cap Value ETF--PERFORMANCE SUMMARY
(formerly, streetTRACKS Dow Jones U.S. Small Cap Value Index Fund)
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
-------------------------------------------------------------------------------------
DOW JONES DOW JONES DOW JONES
NET ASSET MARKET WILSHIRE SMALL U.S. SMALL CAP SMALL CAP INDEX
VALUE VALUE CAP VALUE INDEX(2) VALUE INDEX(3) (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SIX MONTHS ENDED 12/31/05 7.11% 6.66% 7.17% 7.74% 7.76%
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 5.89% 5.52% 6.12% 6.68% 7.98%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 78.49% 78.08% 80.47% 81.42% 85.98%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 95.04% 97.03% 98.73% 99.77% 58.16%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING 121.45% 119.56% 126.12% 127.31% 47.90%
(1)
------------------------------------------------------------------------------------------------------------------
</Table>
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
AVERAGE ANNUAL TOTAL RETURN
-------------------------------------------------------------------------------------
DOW JONES DOW JONES DOW JONES
NET ASSET MARKET WILSHIRE SMALL U.S. SMALL CAP SMALL CAP INDEX
VALUE VALUE CAP VALUE INDEX(2) VALUE INDEX(3) (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 5.89% 5.52% 6.12% 6.68% 7.98%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 21.30% 21.21% 21.75% 21.96% 22.98%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 14.29% 14.53% 14.72% 14.84% 9.60%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING 16.33% 16.14% 16.81% 16.93% 7.73%
(1)
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period September 29, 2000 (commencement of trading on the AMEX)
to December 31, 2005.
(2) Effective October 31, 2005, the Fund changed its benchmark index to the
Dow Jones Wilshire Small Cap Value Index.
(3) The Dow Jones U.S. Small Cap Value Index ceased real-time publication on
or about October 31, 2005.
24
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Small Cap Value ETF--PERFORMANCE SUMMARY (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE SMALL CAP VALUE ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES SMALL CAP
DJ WILSHIRE SMALL CAP INDEX (BROAD-BASED DOW JONES WILSHIRE SMALL
VALUE ETF(A) COMPARATIVE INDEX)(C) CAP VALUE INDEX(B)
--------------------- --------------------- ------------------------
9/25/00 10000 10000 10000
9/30/00 10195 10104 10199
12/31/00 11575 9449 11606
3/31/01 11449 8594 11506
6/30/01 12669 9832 12745
9/30/01 11504 7943 11570
12/31/01 13002 9679 13090
3/31/02 14477 10102 14590
6/30/02 14131 9057 14250
9/30/02 12166 7520 12276
12/31/02 12649 8035 12777
3/31/03 11930 7706 12064
6/30/03 14635 9477 14823
9/30/03 15393 10249 15602
12/31/03 18077 11794 18357
3/31/04 19361 12501 19677
6/30/04 19160 12528 19490
9/30/04 18983 12223 19315
12/31/04 21321 13839 21728
3/31/05 20255 13325 20662
6/30/05 21075 13869 21514
9/30/05 22303 14627 22776
12/31/05 22575 14943 23061
</Table>
25
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire Small Cap Value ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
----------------------------------------------------------------------------------------------------------------------
DESCRIPTION AMR CORP. PARTNERRE, LTD. AQUA AMERICA, LOEWS CORP. VENTAS, INC.
INC. (CAROLINA GROUP)
----------------------------------------------------------------------------------------------------------------------
MARKET VALUE $406,809 394,020 384,002 374,003 359,360
----------------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 0.42% 0.41 0.40 0.39 0.37
----------------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Real Estate Investment Trust 14.5%
Banks (Regional) 9.1
Electric Utilities 3.7
Natural Gas (Distribution/Pipe Line) 3.7
Services (Commercial & Consumer) 3.2
Manufacturing (Diversified) 2.9
Insurance (Property/Casualty) 2.5
Chemicals (Specialty) 2.3
Machinery (Diversified) 2.3
Reinsurance 2.0
Savings & Loan Companies 2.0
Retail (Specialty) 1.8
Steel 1.8
Computer Software/Services 1.6
Oil & Gas (Exploration/Products) 1.6
Auto Parts & Equipment 1.5
Electronics (Semiconductors) 1.5
Communications Equipment 1.4
Insurance (Life/Health) 1.4
Electronics (Component Distribution) 1.3
Foods Products 1.3
Homebuilding 1.3
Paper & Forest Products 1.3
Building Materials 1.2
Metal Fabricators 1.2
Health Care (Medical
Products/Supplies) 1.1
Electronics (Instrument) 1.0
Financial (Diversified) 1.0
Trucking 1.0
Broadcasting (TV, Radio & Cable) 0.9
Electrical Equipment 0.9
Engineering & Construction 0.9
Investment Banking/Brokerage 0.9
Chemicals (Diversified) 0.8
Investment Management 0.8
Lodging (Hotels) 0.8
Manufacturing (Specialized) 0.8
Transportation 0.8
Aerospace/Defense 0.7
Distribution/Wholesale 0.7
Equipment (Semiconductors) 0.7
Restaurants 0.7
Airlines 0.6
Household Furnishings & Appliances 0.6
Insurance (Multi-Line) 0.6
Retail (Specialty Apparel) 0.6
Tobacco 0.6
Biotechnology 0.5
Coal 0.5
Gas & Pipeline Utilities 0.5
Household Products (Non-Durable) 0.5
Leisure Time (Products) 0.5
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Beverages (Non-Alcoholic) 0.4%
Footwear 0.4
Health Care (Special Services) 0.4
Metals Mining 0.4
Oil & Gas (Refining & Marketing) 0.4
Publishing (Newspapers) 0.4
Railroads 0.4
Retail (Department Stores) 0.4
Services (Employment) 0.4
Textiles (Apparel) 0.4
Energy -- Alternate Sources 0.3
Entertainment 0.3
Environmental Control 0.3
Gold/Precious Metals Mining 0.3
Health Care (Drugs/Pharmaceuticals) 0.3
Oil & Gas (Drilling & Equipment) 0.3
Oil Field Services 0.3
Retail (Discounters) 0.3
Shipping 0.3
Cellular/Wireless Telecommunications 0.2
Computers (Hardware) 0.2
Computers (Networking) 0.2
Computers (Peripherals) 0.2
Consumer Finance 0.2
Containers/Packaging (Paper & Plastic) 0.2
Gaming & Lottery 0.2
Hand/Machine Tools 0.2
Insurance Brokers 0.2
Office Equipment & Supplies 0.2
Retail 0.2
Retail Stores (Drug Store) 0.2
Services (Data Processing) 0.2
Telecommunications 0.2
Telephone 0.2
Water 0.2
Agriculture 0.1
Consumer (Jewelry/Novelties) 0.1
Containers (Metals & Glass) 0.1
Distributors (Food & Health) 0.1
Office Furnishings 0.1
Personal Care 0.1
Publishing 0.1
Semiconductors 0.1
Services (Advertising/Marketing) 0.1
Services (Computer Systems) 0.1
Specialty Printing 0.1
Trucks & Parts 0.1
Short Term Investments 0.3
Other Assets & Liabilities 0.2
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
26
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Global Titans ETF--PERFORMANCE SUMMARY
(formerly, streetTRACKS Dow Jones Global Titans Fund)
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
-----------------------------------------------------------------------------------
NET ASSET MARKET DJ WILSHIRE GLOBAL TITANS DOW JONES LARGE CAP INDEX
VALUE VALUE 50 INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SIX MONTHS ENDED 12/31/05 4.22% 3.69% 4.50% 5.54%
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 2.90% 3.04% 3.44% 4.62%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 37.97% 38.29% 40.32% 45.37%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 -7.92% -7.75% -5.44% -6.33%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) -15.61% -16.08% -13.18% -16.54%
------------------------------------------------------------------------------------------------------------------
</Table>
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
AVERAGE ANNUAL TOTAL RETURN
-----------------------------------------------------------------------------------
NET ASSET MARKET DJ WILSHIRE GLOBAL TITANS DOW JONES LARGE CAP INDEX
VALUE VALUE 50 INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 2.90% 3.04% 3.44% 4.62%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 11.33% 11.41% 11.96% 13.28%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 -1.64% -1.60% -1.11% -1.30%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) -3.18% -3.28% -2.66% -3.38%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period September 29, 2000 (commencement of trading on the AMEX)
to December 31, 2005.
27
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Global Titans ETF--PERFORMANCE SUMMARY (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ GLOBAL TITANS ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES LARGE CAP
INDEX (BROAD-BASED DOW JONES GLOBAL TITANS
DJ GLOBAL TITANS ETF(A) COMPARATIVE INDEX)(C) 50 INDEX(B)
----------------------- --------------------- -----------------------
9/25/00 10000 10000 10000
9/30/00 9982 9969 9998
12/31/00 9147 8882 9180
3/31/01 8107 7629 8142
6/30/01 8446 8039 8453
9/30/01 7378 6847 7422
12/31/01 7967 7508 8026
3/31/02 7788 7447 7857
6/30/02 6765 6353 6833
9/30/02 5547 5290 5611
12/31/02 6106 5723 6186
3/31/03 5822 5542 5906
6/30/03 6682 6376 6789
9/30/03 6812 6499 6932
12/31/03 7628 7263 7777
3/31/04 7603 7341 7763
6/30/04 7716 7466 7889
9/30/04 7590 7309 7767
12/31/04 8186 7953 8392
3/31/05 8083 7780 8303
6/30/05 8082 7884 8316
9/30/05 8405 8146 8618
12/31/05 8423 8320 8651
</Table>
28
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Global Titans ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
-----------------------------------------------------------------------------------------------------------
DESCRIPTION GENERAL EXXON MOBIL CITIGROUP, MICROSOFT BP PLC (ADR)
ELECTRIC CO. CORP. INC. CORP.
-----------------------------------------------------------------------------------------------------------
MARKET VALUE $5,306,149 5,101,303 3,605,973 3,539,847 3,302,770
-----------------------------------------------------------------------------------------------------------
% OF NET ASSETS 5.84% 5.61 3.97 3.90 3.64
-----------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Oil (Integrated) 17.8%
Health Care (Drugs/Pharmaceuticals) 13.0
Banks 9.9
Financial (Diversified) 6.2
Manufacturing (Diversified) 5.8
Telephone 4.6
Computer Software/Services 3.9
Electronics (Semiconductors) 3.8
Computers (Hardware) 3.1
Household Products (Non-Durable) 3.1
Beverages (Non-Alcoholic) 2.9
Health Care (Medical
Products/Supplies) 2.8
Automobiles & Parts 2.5
Investment Management 2.4
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Insurance (Multi-Line) 2.4%
Tobacco 2.4
Cellular/Wireless Telecommunications 2.1
Entertainment 2.0
Foods Products 1.9
Retail (General Merchandising Chain) 1.9
Computers (Networking) 1.8
Communications Equipment 1.3
Electrical Equipment 1.1
Insurance (Life/Health) 1.1
Short-Term Investments 0.0**
Other Assets & Liabilities 0.2
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
** Amount shown represents less than 0.005% of net assets.
29
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire REIT ETF--PERFORMANCE SUMMARY
(formerly, streetTRACKS Wilshire REIT Index Fund)
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
---------------------------------------------------------------------------------
NET ASSET DOW JONES WILSHIRE DOW JONES SMALL CAP INDEX
VALUE MARKET VALUE REIT INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SIX MONTHS ENDED 12/31/05 6.54% 6.44% 6.57% 7.76%
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 13.63% 13.64% 13.82% 7.98%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 104.25% 103.69% 106.39% 85.98%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 133.86% 133.86% 144.06% 60.20%
------------------------------------------------------------------------------------------------------------------
</Table>
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
AVERAGE ANNUAL TOTAL RETURN
---------------------------------------------------------------------------------
NET ASSET DOW JONES WILSHIRE DOW JONES SMALL CAP INDEX
VALUE MARKET VALUE REIT INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 13.63% 13.64% 13.82% 7.98%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 26.88% 26.76% 27.32% 22.98%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 19.91% 19.91% 20.66% 10.59%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period April 27, 2001 (commencement of trading on the AMEX) to
December 31, 2005.
30
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire REIT ETF--PERFORMANCE SUMMARY (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
DJ WILSHIRE REIT ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES SMALL CAP
INDEX (BROAD-BASED DOW JONES WILSHIRE REIT
DJ WILSHIRE REIT ETF(A) COMPARATIVE INDEX)(C) INDEX(B)
----------------------- --------------------- -----------------------
4/23/01 10000 10000 10000
6/30/01 11122 11049 11089
9/30/01 10849 8927 10823
12/31/01 11364 10877 11354
3/31/02 12301 11354 12304
6/30/02 12848 10179 12869
9/30/02 11684 8452 11700
12/31/02 11733 9030 11760
3/31/03 11874 8661 11909
6/30/03 13287 10651 13349
9/30/03 14580 11519 14675
12/31/03 15895 13255 16015
3/31/04 17798 14051 17950
6/30/04 16835 14080 16976
9/30/04 18213 13736 18382
12/31/04 21094 15554 21323
3/31/05 19567 14975 19787
6/30/05 22497 15586 22776
9/30/05 23379 16438 23674
12/31/05 23968 16795 24272
</Table>
31
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS DJ Wilshire REIT ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005.
<Table>
--------------------------------------------------------------------------------------------------------------------
DESCRIPTION SIMON PROPERTY EQUITY OFFICE PROLOGIS EQUITY VORNADO REALTY
GROUP, INC. PROPERTIES TRUST RESIDENTIAL TRUST
--------------------------------------------------------------------------------------------------------------------
MARKET VALUE $54,915,970 39,981,946 36,417,043 35,577,418
36,725,190
--------------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 6.80% 4.95 4.55 4.51 4.41
--------------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Real Estate Investment Trust 99.4%
Short Term Investments 0.2
Other Assets & Liabilities 0.4
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
32
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS KBW Bank ETF--PERFORMANCE SUMMARY
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
--------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
--------------------------------------------------------------------------------
NET ASSET MARKET S & P 500 INDEX
VALUE VALUE KBW BANK INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 1.78% 1.90% 1.50% 1.82%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to
December 31, 2005.
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
KBW BANK ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
S&P 500 INDEX (BROAD-
BASED COMPARATIVE
KBW BANK ETF(A) INDEX)(C) KBW BANK INDEX(B)
--------------- --------------------- -----------------
11/08/05 10000 10000 10000
12/31/05 10380 10273 10388
</Table>
33
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS KBW Bank ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
--------------------------------------------------------------------------------------------------------------
DESCRIPTION CITIGROUP, JPMORGAN BANK OF WELLS WASHINGTON
INC. CHASE & CO. AMERICA CORP. FARGO & CO. MUTUAL, INC.
--------------------------------------------------------------------------------------------------------------
MARKET VALUE $5,103,852 4,818,525 4,803,569 4,455,527 2,221,284
--------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 10.34% 9.77 9.74 9.03 4.50
--------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Banks (Major Regional) 44.3%
Financial (Diversified) 31.9
Banks (Regional) 12.6
Savings & Loan Companies 7.7
Consumer Finance 3.2
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Short Term Investments 0.2%
Other Assets & Liabilities 0.1
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
34
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS KBW Capital Markets ETF--PERFORMANCE SUMMARY
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
--------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
--------------------------------------------------------------------------------
NET ASSET MARKET S & P 500 INDEX
VALUE VALUE KBW CAPITAL MARKETS INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 1.36% 1.56% 1.31% 1.82%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to
December 31, 2005.
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
KBW CAPITAL MARKETS ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
S&P 500 INDEX (BROAD-
KBW CAPITAL MARKETS BASED COMPARATIVE KBW CAPITAL MARKETS
ETF(A) INDEX)(C) INDEX(B)
------------------- --------------------- -------------------
11/08/05 10000 10000 10000
12/31/05 10293 10273 10298
</Table>
35
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS KBW Capital Markets ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
-------------------------------------------------------------------------------------------------------------------------
DESCRIPTION GOLDMAN SACHS MERRILL LYNCH & MORGAN THE BANK OF NEW LEHMAN BROTHERS
GROUP, INC. CO., INC. STANLEY YORK CO., INC. HOLDINGS, INC.
-------------------------------------------------------------------------------------------------------------------------
MARKET VALUE $5,933,918 5,754,950 3,417,632 3,328,703
5,218,094
-------------------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 9.88% 9.58 8.69 5.69 5.54
-------------------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Investment Banking/Brokerage 54.1%
Financial (Diversified) 27.9
Investment Management 16.4
Banks (Regional) 1.6
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Short Term Investments 0.0%**
Other Assets & Liabilities 0.0**
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
** Amount shown is less than 0.005% of net assets.
36
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS KBW Insurance ETF--PERFORMANCE SUMMARY
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
--------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
--------------------------------------------------------------------------------
NET ASSET MARKET S & P 500 INDEX
VALUE VALUE KBW INSURANCE INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) -0.26% 0.20% -0.51% 1.82%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to
December 31, 2005.
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
KBW INSURANCE ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
S&P 500 INDEX (BROAD-
BASED COMPARATIVE
KBW INSURANCE ETF(A) INDEX)(C) KBW INSURANCE INDEX(B)
-------------------- --------------------- ----------------------
11/08/05 10000 10000 10000
12/31/05 10093 10273 10099
</Table>
37
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS KBW Insurance ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
-------------------------------------------------------------------------------------------------------------
DESCRIPTION AMERICAN THE PRUDENTIAL METLIFE, THE HARTFORD
INTERNATIONAL ALLSTATE FINANCIAL, INC. FINANCIAL SERVICES
GROUP, INC. CORP. INC. GROUP, INC.
-------------------------------------------------------------------------------------------------------------
MARKET VALUE $5,605,845 4,161,437 3,439,637
4,233,140 4,075,673
-------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 9.88% 9.58 8.69 5.69 5.54
-------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Insurance (Multi-Line) 40.8%
Insurance (Life/Health) 21.8
Insurance (Property/Casualty) 19.4
Insurance Brokers 8.7
Insurance (Financial Guarantee) 5.6
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Reinsurance 3.5%
Short Term Investments 0.1
Other Assets & Liabilities 0.1
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
38
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS Morgan Stanley Technology ETF--PERFORMANCE SUMMARY
(formerly, streetTRACKS Morgan Stanley Technology Index Fund)
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
--------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
--------------------------------------------------------------------------------
NET ASSET MARKET MORGAN STANLEY DOW JONES LARGE CAP INDEX
VALUE VALUE TECHNOLOGY INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SIX MONTH ENDED 12/31/05 10.57% 10.36% 10.83% 5.54%
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 2.85% 2.76% 3.37% 4.62%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 80.89% 81.55% 83.68% 45.37%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 -22.58% -22.65% -20.53% -6.33%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING(1) -45.26% -45.32% -44.15% -16.54%
------------------------------------------------------------------------------------------------------------------
</Table>
<Table>
<Caption>
--------------------------------------------------------------------------------------------------------------------
AVERAGE ANNUAL TOTAL RETURN
--------------------------------------------------------------------------------
NET ASSET MARKET MORGAN STANLEY DOW JONES LARGE CAP INDEX
VALUE VALUE TECHNOLOGY INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 2.85% 2.76% 3.37% 4.62%
------------------------------------------------------------------------------------------------------------------
THREE YEARS ENDED 12/31/05 21.84% 21.99% 22.47% 13.28%
------------------------------------------------------------------------------------------------------------------
FIVE YEARS ENDED 12/31/05 -4.99% -5.01% -4.49% -1.30%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING(1) -10.84% -10.85% -10.50% -3.38%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period September 29, 2000 (commencement of trading on the AMEX)
to December 31, 2005.
39
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS Morgan Stanley Technology ETF--PERFORMANCE SUMMARY (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
MORGAN STANLEY TECHNOLOGY ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
DOW JONES LARGE CAP
MORGAN STANLEY INDEX (BROAD-BASED MORGAN STANLEY
TECHNOLOGY ETF(A) COMPARATIVE INDEX)(C) TECHNOLOGY INDEX(B)
----------------- --------------------- -------------------
9/25/00 10000 10000 10000
9/30/00 9725 9969 9725
12/31/00 6876 8882 6834
3/31/01 5391 7629 5365
6/30/01 5948 8039 5933
9/30/01 3839 6847 3830
12/31/01 5203 7508 5199
3/31/02 4663 7447 4666
6/30/02 3404 6353 3410
9/30/02 2444 5290 2451
12/31/02 2943 5723 2958
3/31/03 2941 5542 2959
6/30/03 3749 6376 3778
9/30/03 4206 6499 4243
12/31/03 4857 7263 4908
3/31/04 4969 7341 5027
6/30/04 5028 7466 5093
9/30/04 4545 7309 4608
12/31/04 5176 7953 5254
3/31/05 4641 7780 4717
6/30/05 4814 7884 4901
9/30/05 5163 8146 5263
12/31/05 5323 8320 5432
</Table>
40
[streetTRACKS (R) semi-annual report LOGO]
streetTRACKS Morgan Stanley Technology ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
-------------------------------------------------------------------------------------------------------------------------
DESCRIPTION JABIL CIRCUIT, SYMANTEC CORP. JUNIPER INFOSYS ACCENTURE,
INC. NETWORKS, INC. TECHNOLOGIES, LTD. (CLASS A)
LTD.
-------------------------------------------------------------------------------------------------------------------------
MARKET VALUE $4,973,769 4,824,750 4,809,441 4,770,740 4,760,086
-------------------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 3.10% 3.00 2.99 2.96 2.96
-------------------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Computer Software/Services 28.5%
Electronics (Semiconductors) 14.1
Communications Equipment 11.4
Computers (Hardware) 11.4
Computers (Networking) 5.8
Services (Commercial & Consumer) 5.8
Services (Data Processing) 5.7
Computers (Peripherals) 5.6
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Electronics (Component Distribution) 3.1%
Cellular/Wireless Telecommunications 3.0
Equipment (Semiconductors) 2.8
Retail (Specialty) 2.8
Short Term Investments 0.0**
Other Assets & Liabilities 0.0**
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
** Amount shown is less than 0.005% of net assets.
41
[streetTRACKS (R) semi-annual report LOGO]
SPDR(R) Dividend ETF--PERFORMANCE SUMMARY
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
--------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
--------------------------------------------------------------------------------
NET ASSET MARKET S & P HIGH YIELD DIVIDEND S & P 500 INDEX
VALUE VALUE ARISTOCRATS INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 0.93% 1.11% 0.93% 1.82%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period November 15, 2005 (commencement of trading on the AMEX) to
December 31, 2005.
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
SPDR DIVIDEND ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
S&P 500 INDEX (BROAD-
BASED COMPARATIVE S&P HIGH YIELD DIVIDEND
SPDR DIVIDEND ETF(A) INDEX)(C) ARISTOCRATS INDEX(B)
-------------------- --------------------- -----------------------
11/08/05 10000 10000 10000
12/31/05 10170 10273 10170
</Table>
42
[streetTRACKS (R) semi-annual report LOGO]
SPDR(R) Dividend ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
----------------------------------------------------------------------------------------------------------------
DESCRIPTION MERCK & CONAGRA FIRST HORIZON ALTRIA GROUP,
CO., INC. CONSOLIDATED FOODS, INC. NATIONAL INC.
EDISON, CORP.
INC.
----------------------------------------------------------------------------------------------------------------
MARKET VALUE $1,087,234 1,033,437 1,013,980 922,906 913,826
----------------------------------------------------------------------------------------------------------------
% OF NET ASSETS 3.35% 3.18 3.12 2.84 2.82
----------------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Banks (Regional) 15.8%
Natural Gas (Distribution/Pipe Line) 12.5
Banks (Major Regional) 9.9
Health Care (Drugs/Pharmaceuticals) 9.6
Electric Utilities 7.9
Foods Products 4.7
Household Products (Non-Durable) 4.5
Chemicals (Diversified) 3.6
Household Furnishings & Appliances 3.5
Manufacturing (Diversified) 3.0
Tobacco 2.8
Services (Commercial & Consumer) 2.7
Chemicals (Specialty) 2.0
Insurance (Life/Health) 1.9
Beverages (Non-Alcoholic) 1.6
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Beverages (Alcoholic) 1.5%
Hand/Machine Tools 1.5
Health Care (Medical Equipment/
Supplies) 1.5
Electrical Equipment 1.4
Telephone 1.4
Computer Software/Services 1.3
Health Care (Medical
Products/Supplies) 1.3
Distributors (Food & Health) 1.2
Restaurants 1.2
Textiles (Apparel) 1.2
Short Term Investments 0.2
Other Assets & Liabilities 0.3
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
43
[streetTRACKS (R) semi-annual report LOGO]
SPDR(R) O-Strip ETF--PERFORMANCE SUMMARY
The following Performance chart of the Fund's total return at net asset value
to the total return based on market price and its benchmark index is provided
for comparative purposes only and represents the periods noted. The Fund's
per share net asset value ("NAV") is the value of one share of the Fund and
is calculated by dividing the value of total assets less total liabilities by
the number of shares outstanding. The NAV return is based on the NAV of the
Fund and the market return is based on the market price per share of the
Fund. The market price used to calculate the market return is determined by
using the closing price (last trade) on the exchange on which shares of the
Fund are listed for trading, as of the time that the Fund's NAV is
calculated. NAV and market returns assume that dividends and capital gain
distributions have been reinvested in the Fund at NAV. Market returns do not
include brokerage commission that may be payable on secondary market
transactions. If brokerage commissions were included market returns would be
lower.
An index is a statistical measure of a specified financial market or sector.
An index does not actually hold a portfolio of securities and therefore does
not reflect deductions for fees or expenses. In comparison, the Fund's
performance is negatively impacted by these deductions.
PERFORMANCE QUOTED REPRESENTS PAST PERFORMANCE AND PAST PERFORMANCE DOES NOT
GUARANTEE FUTURE RESULTS. CURRENT PERFORMANCE MAY BE HIGHER OR LOWER THAN THE
PERFORMANCE QUOTED. FOR THE MOST RECENT MONTH END PERFORMANCE INFORMATION
VISIT WWW.STREETTRACKS.COM. INVESTMENT IN THE FUND POSES INVESTMENT RISK
INCLUDING THE POSSIBLE LOSS OF PRINCIPAL. THE INVESTMENT RETURN AND PRINCIPAL
VALUE OF AN INVESTMENT WILL FLUCTUATE, SO THAT SHARES, WHEN REDEEMED, MAY BE
WORTH MORE OR LESS THAN THEIR ORIGINAL COST. THE RETURNS DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD PAY ON FUND DISTRIBUTIONS OR ON
THE REDEMPTION OF FUND SHARES.
PERFORMANCE AS OF DECEMBER 31, 2005
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
CUMULATIVE TOTAL RETURN
-----------------------------------------------------------------------------------
NET ASSET S&P 500 INDEX
VALUE MARKET VALUE S&P 500 O-STRIP INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
SIX MONTHS ENDED 12/31/05 5.38% 4.56% 5.58% 5.77%
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 -1.85% -2.15% -1.50% 4.91%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 11.02% 11.04% 11.58% 14.07%
------------------------------------------------------------------------------------------------------------------
</Table>
<Table>
<Caption>
---------------------------------------------------------------------------------------------------------------------
AVERAGE ANNUAL TOTAL RETURN
-----------------------------------------------------------------------------------
NET ASSET S&P 500 INDEX
VALUE MARKET VALUE S&P 500 O-STRIP INDEX (BROAD-BASED COMPARATIVE INDEX)
------------------------------------------------------------------------------------------------------------------
ONE YEAR ENDED 12/31/05 -1.85% -2.15% -1.50% 4.91%
------------------------------------------------------------------------------------------------------------------
SINCE INCEPTION OF TRADING (1) 8.42% 8.44% 8.56% 10.71%
------------------------------------------------------------------------------------------------------------------
</Table>
(1) For the period September 15, 2004 (commencement of trading on the AMEX)
to December 31, 2005.
44
[streetTRACKS (R) semi-annual report LOGO]
SPDR(R) O-Strip ETF--PERFORMANCE SUMMARY (continued)
COMPARISON OF CHANGE IN VALUE OF A $10,000 INVESTMENT
SPDR O-STRIP ETF (Based on Net Asset Value)
[LINE GRAPH]
<Table>
<Caption>
S&P 500 INDEX (BROAD-
BASED COMPARATIVE
SPDR O-STRIP ETF(A) INDEX)(C) S&P 500 O-STRIP INDEX(B)
------------------- --------------------- ------------------------
9/9/04 10000 10000 10000
9/30/04 10080 9975 10080
12/31/04 11459 10895 11477
3/31/05 10450 10661 10473
6/30/05 10673 10806 10707
9/30/05 11127 11196 11171
12/31/05 11247 11431 11304
</Table>
45
[streetTRACKS (R) semi-annual report LOGO]
SPDR()(R) O-Strip ETF--PORTFOLIO SUMMARY
TOP FIVE HOLDINGS AS OF DECEMBER 31, 2005
<Table>
------------------------------------------------------------------------------------------------------
DESCRIPTION MICROSOFT INTEL CORP. CISCO SYSTEMS, AMGEN, QUALCOMM,
CORP. INC. INC. INC.
------------------------------------------------------------------------------------------------------
MARKET VALUE $5,858,411 3,682,773 2,572,400 1,731,902
2,378,654
------------------------------------------------------------------------------------------------------
% OF NET ASSETS 14.89% 9.36 6.54 6.05 4.40
------------------------------------------------------------------------------------------------------
</Table>
INDUSTRY BREAKDOWN AS OF DECEMBER 31, 2005*
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Computer Software/Services 30.0%
Electronics (Semiconductors) 13.3
Biotechnology 10.5
Computers (Hardware) 9.0
Computers (Networking) 6.5
Communications Equipment 5.7
Broadcasting (TV, Radio & Cable) 3.5
Equipment (Semiconductors) 2.6
Retail (Specialty) 2.6
Banks (Regional) 2.2
Services (Commercial & Consumer) 1.7
Retail (Discounters) 1.5
Restaurants 1.4
Investment Banking/Brokerage 1.0
Health Care (Managed Care) 0.8
Retail 0.7
Retail (General Merchandising Chain) 0.7
Trucks & Parts 0.7
</Table>
<Table>
<Caption>
----------------------------------------------------------
PERCENT OF
INDUSTRY NET ASSETS
----------------------------------------------------------
Computers (Peripherals) 0.6%
Financial (Diversified) 0.6
Health Care (Medical
Products/Supplies) 0.6
Investment Management 0.6
Insurance (Multi-Line) 0.5
Services (Data Processing) 0.5
Insurance (Property/Casualty) 0.4
Banks (Major Regional) 0.3
Chemicals (Specialty) 0.3
Distributors (Food & Health) 0.3
Services (Employment) 0.3
Electrical Equipment 0.2
Electronics (Instrument) 0.2
Electronics (Component Distribution) 0.1
Short Term Investments 0.1
Other Assets & Liabilities 0.0**
----------------------------------------------------------
TOTAL 100.0%
----------------------------------------------------------
</Table>
* The Fund's industry breakdown is expressed as a percentage of net assets
and may change over time.
** Amount shown represents less than 0.005% of net assets.
46
STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.6%
AEROSPACE/DEFENSE -- 1.5%
Boeing Co. ........................... 5,421 $ 380,771
General Dynamics Corp. ............... 1,200 136,860
Goodrich Corp. ....................... 1,495 61,445
Kaman Corp. (Class A)................. 2,547 50,150
L-3 Communications Holdings, Inc. .... 1,093 81,265
Lockheed Martin Corp. ................ 2,471 157,230
Northrop Grumman Corp. ............... 2,321 139,515
Raytheon Co. ......................... 3,605 144,741
Rockwell Collins, Inc. ............... 1,735 80,625
United Technologies Corp. ............ 6,490 362,856
------------
1,595,458
------------
AGRICULTURE -- 0.0% (B)
Delta and Pine Land Co. .............. 1,792 41,234
------------
AIRLINES -- 0.2%
AMR Corp. (a)......................... 2,358 52,418
JetBlue Airways Corp. (a)............. 2,654 40,811
Southwest Airlines Co. ............... 6,311 103,690
------------
196,919
------------
AUTO PARTS & EQUIPMENT -- 0.2%
Dana Corp. ........................... 3,296 23,665
Gentex Corp. ......................... 2,813 54,853
Lear Corp. ........................... 1,125 32,018
Modine Manufacturing Co. ............. 1,661 54,132
The Goodyear Tire & Rubber Co. (a).... 2,695 46,839
------------
211,507
------------
AUTOMOBILES & PARTS -- 0.3%
Ford Motor Co. ....................... 14,758 113,932
General Motors Corp. ................. 3,980 77,292
Harley-Davidson, Inc. ................ 2,517 129,600
------------
320,824
------------
BANKS (MAJOR REGIONAL) -- 3.4%
Bank of America Corp. ................ 27,540 1,270,971
Comerica, Inc. ....................... 500 28,380
First Bancorp......................... 2,385 48,082
Keycorp............................... 2,841 93,554
National City Corp. .................. 3,700 124,209
PNC Financial Services Group.......... 1,781 110,119
SunTrust Banks, Inc. ................. 2,188 159,199
U.S. Bancorp.......................... 12,767 381,606
Wachovia Corp. ....................... 10,694 565,285
Wells Fargo & Co. .................... 11,144 700,177
------------
3,481,582
------------
BANKS (REGIONAL) -- 2.4%
AmSouth Bancorp....................... 600 15,726
Arrow Financial Corp. ................ 2,031 53,111
Bank of Granite Corp. ................ 3,359 62,242
BB&T Corp. ........................... 3,779 158,378
Capitol Bancorp, Ltd. ................ 1,631 61,065
Cathay General Bancorp................ 300 10,782
Columbia Banking System, Inc. ........ 2,190 62,525
Commerce Bancorp, Inc. ............... 1,828 62,902
Commercial Bankshares, Inc. .......... 1,404 49,660
Community Banks, Inc. ................ 2,655 74,340
Compass Bancshares, Inc. ............. 500 24,145
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
CVB Financial Corp. .................. 3,253 $ 66,068
Farmers Capital Bank Corp. ........... 1,803 55,424
Fifth Third Bancorp................... 3,435 129,568
First Commonwealth Financial Corp. ... 5,209 67,352
First Merchants Corp. ................ 2,462 64,012
FNB Corp. ............................ 2,199 67,443
Foothill Independent Bancorp.......... 2,027 50,918
Independent Bank Corp. ............... 1,702 48,558
Integra Bank Corp. ................... 2,806 59,880
International Bancshares Corp. ....... 400 11,744
Lakeland Financial Corp. ............. 1,490 60,166
M&T Bank Corp. ....................... 600 65,430
Marshall & Ilsley Corp. .............. 800 34,432
National Penn Bancshares, Inc. ....... 3,157 60,141
NewAlliance Bancshares, Inc. ......... 4,604 66,942
North Fork Bancorp, Inc. ............. 3,198 87,497
Old National Bancorp.................. 500 10,820
Omega Financial Corp. ................ 2,032 56,632
Regions Financial Corp. .............. 3,456 118,057
Renasant Corp. ....................... 1,911 60,445
Republic Bancorp, Inc. ............... 4,967 59,112
Sandy Spring Bancorp, Inc. ........... 1,722 60,063
Simmons First National Corp. ......... 2,334 64,652
Sterling Financial Corp. ............. 2,899 57,400
TD Banknorth, Inc. ................... 1,823 52,958
TrustCo Bank Corp. NY................. 5,064 62,895
Trustmark Corp. ...................... 400 10,988
UCBH Holdings, Inc. .................. 2,788 49,850
Umpqua Holdings Corp. ................ 2,873 81,967
United Bankshares, Inc. .............. 300 10,572
United Community Banks, Inc. ......... 2,321 61,878
Zions Bancorp......................... 156 11,787
------------
2,460,527
------------
BEVERAGES (ALCOHOLIC) -- 0.3%
Anheuser-Busch Cos., Inc. ............ 5,022 215,745
Constellation Brands, Inc. (Class A)
(a)................................. 2,149 56,368
------------
272,113
------------
BEVERAGES (NON-ALCOHOLIC) -- 1.4%
Coca-Cola Enterprises, Inc. .......... 3,012 57,740
PepsiCo, Inc. ........................ 11,630 687,100
The Coca-Cola Co. .................... 15,434 622,145
The Pepsi Bottling Group, Inc. ....... 2,076 59,394
------------
1,426,379
------------
BIOTECHNOLOGY -- 2.1%
Affymetrix, Inc. (a).................. 865 41,304
Amgen, Inc. (a)....................... 9,280 731,821
Applera Corp. -- Applied Biosystems
Group............................... 3,066 81,433
Biogen Idec, Inc. (a)................. 2,985 135,310
Celgene Corp. (a)..................... 1,677 108,670
Chiron Corp. (a)...................... 733 32,589
Genentech, Inc. (a)................... 3,522 325,785
Genzyme Corp. (a)..................... 1,844 130,518
Gilead Sciences, Inc. (a)............. 3,650 192,099
Human Genome Sciences, Inc. (a)....... 3,248 27,803
ImClone Systems, Inc. (a)............. 1,055 36,123
Invitrogen Corp. (a).................. 704 46,914
</Table>
See accompanying notes to financial statements.
47
STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
MedImmune, Inc. (a)................... 2,914 $ 102,048
Millennium Pharmaceuticals, Inc.
(a)................................. 4,928 47,802
Millipore Corp. (a)................... 876 57,851
Nektar Therapeutics (a)............... 600 9,876
Neurocrine Biosciences, Inc. (a)...... 1,031 64,675
Techne Corp. (a)...................... 966 54,241
------------
2,226,862
------------
BROADCASTING (TV, RADIO & CABLE) -- 1.6%
Cablevision Systems New York Group
(Class A) (a)....................... 2,220 52,103
Clear Channel Communications, Inc. ... 4,266 134,166
Comcast Corp. (Class A) (a)........... 16,180 420,033
Discovery Holding Co. (Class A) (a)... 2,217 33,587
EchoStar Communications Corp. (Class
A) (a).............................. 2,499 67,898
Journal Communications, Inc. ......... 2,907 40,553
Liberty Global, Inc. (Class A) (a).... 2,982 67,095
Liberty Global, Inc. (Ser. C) (a)..... 2,982 63,218
Liberty Media Corp. (a)............... 20,376 160,359
News Corp. (Class A).................. 17,614 273,898
Radio One, Inc. (Class A) (a)......... 2,755 28,294
Sirius Satellite Radio, Inc. (a)...... 11,148 74,692
The DIRECTV Group, Inc. (a)........... 8,041 113,539
Univision Communications, Inc. (a).... 2,683 78,853
XM Satellite Radio Holdings, Inc.
(Class A) (a)....................... 2,117 57,752
------------
1,666,040
------------
BUILDING MATERIALS -- 0.3%
American Standard Cos., Inc. ......... 1,701 67,955
Martin Marietta Materials, Inc. ...... 283 21,712
Masco Corp. .......................... 3,148 95,038
Simpson Manufacturing Co., Inc. ...... 300 10,905
Vulcan Materials Co. ................. 1,061 71,883
------------
267,493
------------
CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.6%
American Tower Corp. (a).............. 2,862 77,560
Crown Castle International Corp.
(a)................................. 2,919 78,550
Leap Wireless International, Inc.
(a)................................. 300 11,364
Motorola, Inc. ....................... 17,959 405,694
NII Holdings, Inc. (a)................ 1,414 61,764
SBA Communications Corp. (a).......... 600 10,740
------------
645,672
------------
CHEMICALS (DIVERSIFIED) -- 1.2%
Air Products & Chemicals, Inc. ....... 1,815 107,430
E. I. du Pont de Nemours & Co. ....... 7,085 301,113
Lyondell Chemical Co. ................ 2,366 56,358
Monsanto Co. ......................... 2,176 168,705
PPG Industries, Inc. ................. 1,529 88,529
Praxair, Inc. ........................ 2,767 146,540
Rohm & Haas Co. ...................... 1,563 75,681
The Dow Chemical Co. ................. 7,076 310,070
------------
1,254,426
------------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
CHEMICALS (SPECIALTY) -- 0.3%
Ashland, Inc. ........................ 846 $ 48,983
Bunge, Ltd. .......................... 1,204 68,159
Chemtura Corp. ....................... 2,533 32,169
Eastman Chemical Co. ................. 1,056 54,479
Ecolab, Inc. ......................... 2,160 78,343
Engelhard Corp. ...................... 1,852 55,838
------------
337,971
------------
COAL -- 0.2%
Arch Coal, Inc. ...................... 801 63,680
CONSOL Energy, Inc. .................. 1,072 69,873
Massey Energy Co. .................... 1,147 43,437
Peabody Energy Corp. ................. 851 70,139
------------
247,129
------------
COMMUNICATIONS EQUIPMENT -- 1.3%
ADC Telecommunications, Inc. (a)...... 1,768 39,497
Andrew Corp. (a)...................... 2,895 31,063
Avaya, Inc. (a)....................... 4,837 51,611
Avid Technology, Inc. (a)............. 669 36,635
Comverse Technology, Inc. (a)......... 2,161 57,461
Corning, Inc. (a)..................... 11,027 216,791
Harris Corp. ......................... 1,725 74,192
JDS Uniphase Corp. (a)................ 20,236 47,757
Lucent Technologies, Inc. (a)......... 36,803 97,896
Plantronics, Inc. .................... 400 11,320
QUALCOMM, Inc. ....................... 12,041 518,726
Scientific-Atlanta, Inc. ............. 1,656 71,324
Tellabs, Inc. (a)..................... 5,618 61,236
------------
1,315,509
------------
COMPUTER SOFTWARE/SERVICES -- 5.1%
Activision, Inc. (a).................. 3,293 45,246
Adobe Systems, Inc. .................. 5,476 202,393
Affiliated Computer Services, Inc.
(a)................................. 1,187 70,247
Autodesk, Inc. ....................... 2,139 91,870
BEA Systems, Inc. (a)................. 5,666 53,260
BMC Software, Inc. (a)................ 2,770 56,757
Cadence Design Systems, Inc. (a)...... 3,808 64,431
Ceridian Corp. (a).................... 2,421 60,162
Citrix Systems, Inc. (a).............. 2,384 68,612
Computer Associates International,
Inc. ............................... 4,081 115,043
Compuware Corp. (a)................... 6,094 54,663
EarthLink, Inc. (a)................... 3,937 43,740
eBay, Inc. (a)........................ 7,488 323,856
Electronic Arts, Inc. (a)............. 2,386 124,812
Emdeon Corp. (a)...................... 4,444 37,596
Expedia, Inc. (a)..................... 2,231 53,455
Google, Inc. (a)...................... 1,273 528,117
IAC/InterActiveCorp (a)............... 2,231 63,160
Intuit, Inc. (a)...................... 1,793 95,567
McAfee, Inc. (a)...................... 1,834 49,756
Mercury Interactive Corp. (a)......... 1,163 32,320
Microsoft Corp. ...................... 69,599 1,820,014
Novell, Inc. (a)...................... 5,623 49,651
Oracle Corp. (a)...................... 29,931 365,458
Parametric Technology Corp. (a)....... 6,427 39,205
Red Hat, Inc. (a)..................... 2,764 75,291
Siebel Systems, Inc. ................. 5,491 58,095
</Table>
See accompanying notes to financial statements.
48
STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Symantec Corp. (a).................... 10,174 $ 178,045
Synopsys, Inc. (a).................... 2,719 54,543
Unisys Corp. (a)...................... 5,393 31,441
Yahoo!, Inc. (a)...................... 8,747 342,707
------------
5,249,513
------------
COMPUTERS (HARDWARE) -- 2.6%
Apple Computer, Inc. (a).............. 6,221 447,228
Dell, Inc. (a)........................ 15,978 479,180
Hewlett-Packard Co. .................. 21,532 616,461
International Business Machines
Corp. .............................. 11,962 983,276
Jack Henry & Associates, Inc. ........ 600 11,448
Kronos, Inc. (a)...................... 200 8,372
NCR Corp. (a)......................... 1,872 63,536
Palm, Inc. (a)........................ 300 9,540
Sun Microsystems, Inc. (a)............ 29,539 123,769
------------
2,742,810
------------
COMPUTERS (NETWORKING) -- 0.9%
3Com Corp. (a)........................ 9,556 34,402
Cisco Systems, Inc. (a)............... 48,086 823,232
Foundry Networks, Inc. (a)............ 900 12,429
Juniper Networks, Inc. (a)............ 4,181 93,236
------------
963,299
------------
COMPUTERS (PERIPHERALS) -- 0.6%
EMC Corp. (a)......................... 18,657 254,108
Lexmark International, Inc. (a)....... 847 37,971
Network Appliance, Inc. (a)........... 3,273 88,371
SanDisk Corp. (a)..................... 1,936 121,620
Seagate Technology (a)................ 2,299 45,957
Western Digital Corp. (a)............. 2,616 48,684
------------
596,711
------------
CONSUMER FINANCE -- 1.1%
American Express Co. ................. 7,690 395,728
AmeriCredit Corp. (a)................. 1,882 48,236
Capital One Financial Corp. .......... 2,491 215,222
CompuCredit Corp. (a)................. 300 11,544
MBNA Corp. ........................... 8,929 242,422
SLM Corp. ............................ 3,304 182,017
Westcorp.............................. 200 13,322
------------
1,108,491
------------
CONTAINERS (METALS & GLASS) -- 0.1%
Crown Holdings, Inc. (a).............. 2,458 48,005
Owens-Illinois, Inc. (a).............. 1,932 40,649
------------
88,654
------------
CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.1%
Pactiv Corp. (a)...................... 2,367 52,074
Sealed Air Corp. (a).................. 1,168 65,607
------------
117,681
------------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
DISTRIBUTORS (FOOD & HEALTH) -- 0.7%
AmerisourceBergen Corp. .............. 2,188 $ 90,583
Cardinal Health, Inc. ................ 3,428 235,675
McKesson Corp. ....................... 2,482 128,046
Patterson Cos., Inc. (a).............. 1,301 43,453
Performance Food Group Co. (a)........ 1,244 35,292
SUPERVALU, Inc. ...................... 1,655 53,755
Sysco Corp. .......................... 5,054 156,927
------------
743,731
------------
ELECTRIC UTILITIES -- 2.8%
Allegheny Energy, Inc. (a)............ 1,964 62,161
Ameren Corp. ......................... 1,599 81,933
American Electric Power Co., Inc. .... 3,205 118,873
Central Vermont Public Service
Corp. .............................. 2,719 48,969
Cinergy Corp. ........................ 800 33,968
CMS Energy Corp. (a).................. 3,152 45,736
Consolidated Edison, Inc. ............ 600 27,798
Constellation Energy Group, Inc. ..... 1,609 92,678
Dominion Resources, Inc. ............. 2,376 183,427
DTE Energy Co. ....................... 800 34,552
Duke Energy Corp. .................... 6,229 170,986
Edison International.................. 2,691 117,355
Energy East Corp. .................... 2,584 58,915
Entergy Corp. ........................ 1,455 99,886
Exelon Corp. ......................... 4,941 262,565
FirstEnergy Corp. .................... 2,501 122,524
FPL Group, Inc. ...................... 2,583 107,349
Green Mountain Power Corp. ........... 1,913 55,037
MGE Energy, Inc. ..................... 1,778 60,292
Northeast Utilities................... 741 14,590
Pepco Holdings, Inc. ................. 3,341 74,738
PG&E Corp. ........................... 3,444 127,841
PNM Resources, Inc. .................. 400 9,796
PPL Corp. ............................ 3,516 103,370
Progress Energy, Inc. ................ 600 26,352
Public Service Enterprise Group,
Inc. ............................... 1,730 112,398
TECO Energy, Inc. .................... 3,653 62,759
The AES Corp. (a)..................... 5,811 91,988
The Southern Co. ..................... 4,819 166,400
TXU Corp. ............................ 3,203 160,759
Unitil Corp. ......................... 2,184 54,818
Xcel Energy, Inc. .................... 4,819 88,959
------------
2,879,772
------------
ELECTRICAL EQUIPMENT -- 0.5%
American Power Conversion Corp. ...... 2,356 51,832
Avocent Corp. (a)..................... 400 10,876
Cooper Industries, Ltd. .............. 1,032 75,336
Emerson Electric Co. ................. 3,025 225,968
Hubbell, Inc. (Class B)............... 1,120 50,534
Lincoln Electric Holdings, Inc. ...... 300 11,898
Rockwell Automation, Inc. ............ 1,537 90,929
------------
517,373
------------
</Table>
See accompanying notes to financial statements.
49
STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.3%
Arrow Electronics, Inc. (a)........... 1,825 $ 58,455
CDW Corp. ............................ 897 51,640
Jabil Circuit, Inc. (a)............... 1,867 69,247
Sanmina-SCI Corp. (a)................. 7,493 31,920
Solectron Corp. (a)................... 12,059 44,136
W.W. Grainger, Inc. .................. 300 21,330
------------
276,728
------------
ELECTRONICS (INSTRUMENT) -- 0.6%
Agilent Technologies, Inc. (a)........ 3,273 108,958
Amphenol Corp. (Class A).............. 1,158 51,253
Fisher Scientific International, Inc.
(a)................................. 901 55,736
Molex, Inc. .......................... 1,958 50,810
National Instruments Corp. ........... 400 12,820
PerkinElmer, Inc. .................... 2,276 53,622
Symbol Technologies, Inc. ............ 3,229 41,396
Tektronix, Inc. ...................... 1,787 50,411
Thermo Electron Corp. (a)............. 1,097 33,053
Trimble Navigation, Ltd. (a).......... 1,055 37,442
Vishay Intertechnology, Inc. (a)...... 3,209 44,156
Waters Corp. (a)...................... 1,291 48,800
Watts Water Technologies, Inc. ....... 1,582 47,919
------------
636,376
------------
ELECTRONICS (SEMICONDUCTORS) -- 2.7%
Advanced Micro Devices, Inc. (a)...... 3,637 111,292
Altera Corp. (a)...................... 2,618 48,512
Analog Devices, Inc. ................. 3,013 108,076
Broadcom Corp. (Class A) (a).......... 2,340 110,331
Freescale Semiconductor, Inc. (Class
B) (a).............................. 3,847 96,829
Intel Corp. .......................... 45,233 1,129,016
International Rectifier Corp. (a)..... 926 29,539
Intersil Corp. (Class A).............. 2,434 60,558
Linear Technology Corp. .............. 2,450 88,372
LSI Logic Corp. (a)................... 5,175 41,400
Marvell Technology Group, Ltd. (a).... 800 44,872
Maxim Integrated Products, Inc. ...... 2,346 85,019
MEMC Electronic Materials, Inc. (a)... 2,319 51,412
Microchip Technology, Inc. ........... 2,028 65,200
Micron Technology, Inc. (a)........... 6,297 83,813
Microsemi Corp. (a)................... 500 13,830
National Semiconductor Corp. ......... 3,273 85,033
NVIDIA Corp. (a)...................... 1,678 61,348
QLogic Corp. (a)...................... 1,194 38,817
Texas Instruments, Inc. .............. 12,177 390,516
Xilinx, Inc. ......................... 2,435 61,386
------------
2,805,171
------------
ENGINEERING & CONSTRUCTION -- 0.1%
Fluor Corp. .......................... 928 71,697
Jacobs Engineering Group, Inc. (a).... 928 62,984
URS Corp. (a)......................... 300 11,283
------------
145,964
------------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
ENTERTAINMENT -- 1.2%
The Walt Disney Co. .................. 14,577 $ 349,411
Time Warner, Inc. .................... 32,470 566,277
Viacom, Inc. (Class B)................ 10,901 355,372
------------
1,271,060
------------
EQUIPMENT (SEMICONDUCTORS) -- 0.4%
Applied Materials, Inc. .............. 12,978 232,825
KLA-Tencor Corp. ..................... 1,745 86,081
Lam Research Corp. (a)................ 1,640 58,515
Novellus Systems, Inc. (a)............ 1,873 45,177
Teradyne, Inc. (a).................... 2,963 43,171
------------
465,769
------------
FINANCIAL (DIVERSIFIED) -- 4.2%
Chicago Mercantile Exchange Holdings,
Inc. ............................... 277 101,795
CIT Group, Inc. ...................... 2,012 104,181
Citigroup, Inc. ...................... 36,127 1,753,243
Countrywide Financial Corp. .......... 4,360 149,069
Fannie Mae............................ 7,021 342,695
Freddie Mac........................... 4,951 323,548
JPMorgan Chase & Co. ................. 24,664 978,914
Mellon Financial Corp. ............... 3,464 118,642
Northern Trust Corp. ................. 1,874 97,111
SEI Investments Co. .................. 1,486 54,982
State Street Corp. (c)................ 2,369 131,337
The Bank of New York Co., Inc. ....... 5,635 179,475
------------
4,334,992
------------
FOOD PRODUCTS -- 1.0%
Archer-Daniels-Midland Co. ........... 5,332 131,487
Campbell Soup Co. .................... 2,580 76,807
ConAgra Foods, Inc. .................. 4,663 94,566
Dean Foods Co. (a).................... 1,834 69,068
Del Monte Foods Co. (a)............... 4,858 50,669
Flowers Foods, Inc. .................. 2,117 58,344
General Mills, Inc. .................. 2,771 136,666
H.J. Heinz Co. ....................... 3,006 101,362
Kellogg Co. .......................... 600 25,932
Kraft Foods, Inc. .................... 1,000 28,140
Pilgrim's Pride Corp. ................ 300 9,948
Sara Lee Corp. ....................... 6,658 125,836
The Hershey Co. ...................... 1,410 77,902
TreeHouse Foods, Inc. (a)............. 366 6,852
Tyson Foods, Inc. (Class A)........... 3,306 56,533
Wm. Wrigley Jr., Co. ................. 400 26,596
------------
1,076,708
------------
FOOTWEAR -- 0.2%
NIKE, Inc. (Class B).................. 1,432 124,283
Wolverine World Wide, Inc. ........... 2,102 47,211
------------
171,494
------------
</Table>
See accompanying notes to financial statements.
50
STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
GAMING & LOTTERY -- 0.4%
GTECH Holdings Corp. (a).............. 1,532 $ 48,626
Harrah's Entertainment, Inc. ......... 1,804 128,607
International Game Technology......... 3,097 95,325
MGM Mirage, Inc. (a).................. 1,325 48,588
Scientific Games Corp. (Class A)
(a)................................. 1,585 43,239
Station Casinos, Inc. ................ 598 40,544
------------
404,929
------------
GOLD/PRECIOUS METALS MINING -- 0.2%
Newmont Mining Corp. ................. 3,559 190,051
------------
HAND/MACHINE TOOLS -- 0.1%
Black & Decker Corp. ................. 798 69,394
------------
HEALTH CARE (DIVERSIFIED) -- 0.5%
Baxter International, Inc. ........... 4,423 166,526
Bristol-Myers Squibb Co. ............. 14,281 328,177
------------
494,703
------------
HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 3.9%
Abbott Laboratories................... 11,199 441,577
Allergan, Inc. ....................... 1,170 126,313
Barr Pharmaceuticals, Inc. (a)........ 1,009 62,851
Cephalon, Inc. (a).................... 1,176 76,134
Eli Lilly & Co. ...................... 7,109 402,298
Forest Laboratories, Inc. (a)......... 3,164 128,712
Hospira, Inc. (a)..................... 1,729 73,967
IVAX Corp. (a)........................ 2,493 78,106
King Pharmaceuticals, Inc. (a)........ 1,521 25,735
Merck & Co., Inc. .................... 15,740 500,689
Mylan Laboratories, Inc. ............. 3,042 60,718
OSI Pharmaceuticals, Inc. (a)......... 400 11,216
Pfizer, Inc. ......................... 54,766 1,277,143
Schering-Plough Corp. ................ 11,266 234,896
Sepracor, Inc. (a).................... 1,073 55,367
Watson Pharmaceuticals, Inc. (a)...... 1,505 48,928
Wyeth................................. 9,933 457,613
------------
4,062,263
------------
HEALTH CARE (HOSPITAL MANAGEMENT) -- 0.2%
HCA, Inc. ............................ 2,370 119,685
Health Management Associates, Inc. ... 2,325 51,057
Tenet Healthcare Corp. (a)............ 5,209 39,901
Triad Hospitals, Inc. (a)............. 902 35,385
------------
246,028
------------
HEALTH CARE (MANAGED CARE) -- 1.8%
Aetna, Inc. .......................... 2,295 216,442
Coventry Health Care, Inc. (a)........ 1,503 85,611
Express Scripts, Inc. (Class A) (a)... 1,316 110,281
Health Net, Inc. (a).................. 1,513 77,995
Humana, Inc. (a)...................... 1,580 85,841
Lincare Holdings, Inc. (a)............ 1,242 52,052
Manor Care, Inc. ..................... 1,199 47,684
Medco Health Solutions, Inc. (a)...... 2,285 127,503
Omnicare, Inc. ....................... 1,299 74,329
UnitedHealth Group, Inc. ............. 10,406 646,629
WellPoint, Inc. (a)................... 4,386 349,959
------------
1,874,326
------------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 3.0%
Advanced Medical Optics, Inc. (a)..... 1,110 $ 46,398
Bausch & Lomb, Inc. .................. 643 43,660
Becton, Dickinson & Co. .............. 1,970 118,358
Biomet, Inc. ......................... 2,138 78,187
Boston Scientific Corp. (a)........... 4,892 119,805
C.R. Bard, Inc. ...................... 1,028 67,766
Cytyc Corp. (a)....................... 1,813 51,181
Dade Behring Holdings, Inc. .......... 1,644 67,223
Edwards Lifesciences Corp. (a)........ 1,075 44,731
Guidant Corp. ........................ 2,335 151,191
Henry Schein, Inc. (a)................ 1,338 58,390
Hologic, Inc. (a)..................... 400 15,168
Johnson & Johnson..................... 20,822 1,251,402
Kinetic Concepts, Inc. (a)............ 713 28,349
Medtronic, Inc. ...................... 8,620 496,253
St. Jude Medical, Inc. (a)............ 3,005 150,851
Stryker Corp. ........................ 2,306 102,456
Varian Medical Systems, Inc. (a)...... 1,575 79,285
Zimmer Holdings, Inc. (a)............. 1,924 129,754
------------
3,100,408
------------
HEALTH CARE (SPECIAL SERVICES) -- 0.3%
American Healthways, Inc. (a)......... 200 9,050
DaVita, Inc. (a)...................... 1,134 57,426
IMS Health, Inc. ..................... 2,772 69,078
Laboratory Corp. of America Holdings
(a)................................. 1,339 72,105
Quest Diagnostics, Inc. .............. 1,063 54,723
Renal Care Group, Inc. (a)............ 985 46,601
------------
308,983
------------
HOMEBUILDING -- 0.6%
Beazer Homes USA, Inc. ............... 731 53,246
Centex Corp. ......................... 1,175 84,001
D.R. Horton, Inc. .................... 2,689 96,078
KB HOME............................... 833 60,526
Lennar Corp. (Class A)................ 1,218 74,322
NVR, Inc. (a)......................... 67 47,034
Pulte Homes, Inc. .................... 1,907 75,060
Ryland Group, Inc. ................... 647 46,668
Thor Industries, Inc. ................ 300 12,021
Toll Brothers, Inc. (a)............... 1,002 34,709
------------
583,665
------------
HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.3%
Bassett Furniture Industries, Inc. ... 2,666 49,321
Harman International Industries,
Inc. ............................... 713 69,767
Kimball International, Inc. (Class
B).................................. 3,889 41,340
Leggett & Platt, Inc. ................ 2,272 52,165
National Presto Industries, Inc. ..... 354 15,700
Whirlpool Corp. ...................... 785 65,752
------------
294,045
------------
HOUSEHOLD PRODUCTS (NON-DURABLE) -- 2.0%
American Greetings Corp. (Class A).... 1,659 36,448
Church & Dwight Co., Inc. ............ 1,502 49,611
Colgate-Palmolive Co. ................ 3,837 210,460
Energizer Holdings, Inc. (a).......... 941 46,852
Fortune Brands, Inc. ................. 1,185 92,454
Kimberly-Clark Corp. ................. 3,166 188,852
Newell Rubbermaid, Inc. .............. 3,111 73,980
</Table>
See accompanying notes to financial statements.
51
STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Procter & Gamble Co. ................. 23,565 $ 1,363,942
The Clorox Co. ....................... 1,063 60,474
------------
2,123,073
------------
INSURANCE (FINANCIAL GUARANTEE) -- 0.3%
Ambac Financial Group, Inc. .......... 1,093 84,226
MBIA, Inc. ........................... 1,382 83,141
MGIC Investment Corp. ................ 1,069 70,362
Radian Group, Inc. ................... 1,259 73,765
------------
311,494
------------
INSURANCE (LIFE/HEALTH) -- 0.9%
AFLAC, Inc. .......................... 3,954 183,545
CIGNA Corp. .......................... 988 110,360
Lincoln National Corp. ............... 1,784 94,605
Principal Financial Group, Inc. ...... 2,699 128,014
Prudential Financial, Inc. ........... 3,843 281,269
Reinsurance Group America, Inc. ...... 300 14,328
The Phoenix Cos., Inc. ............... 3,822 52,132
Torchmark Corp. ...................... 400 22,240
UnumProvident Corp. .................. 3,798 86,404
------------
972,897
------------
INSURANCE (MULTI-LINE) -- 2.3%
ACE, Ltd. ............................ 2,014 107,628
Alfa Corp. ........................... 4,134 66,557
American International Group, Inc. ... 16,481 1,124,499
Assurant, Inc. ....................... 1,807 78,586
Cincinnati Financial Corp. ........... 1,034 46,199
Genworth Financial, Inc. (Class A).... 2,724 94,196
Hanover Insurance Group, Inc. ........ 1,295 54,092
Leucadia National Corp. .............. 1,187 56,335
Loews Corp. .......................... 1,195 113,346
MetLife, Inc. ........................ 3,374 165,326
The Allstate Corp. ................... 4,641 250,939
The Hartford Financial Services Group,
Inc. ............................... 2,195 188,529
XL Capital, Ltd. (Class A)............ 957 64,483
------------
2,410,715
------------
INSURANCE (PROPERTY/CASUALTY) -- 0.8%
Chubb Corp. .......................... 1,443 140,909
Fidelity National Financial, Inc. .... 1,893 69,643
Fidelity National Title Group,
Inc. ............................... 345 8,401
Philadelphia Consolidated Holding
Corp. (a)........................... 100 9,669
ProAssurance Corp. (a)................ 1,288 62,648
SAFECO Corp. ......................... 1,381 78,027
Selective Insurance Group, Inc. ...... 1,222 64,888
The Progressive Corp. ................ 1,269 148,194
The St. Paul Travelers Cos., Inc. .... 5,176 231,212
------------
813,591
------------
INSURANCE BROKERS -- 0.2%
Aon Corp. ............................ 2,756 99,078
Marsh & McLennan Cos., Inc. .......... 3,727 118,370
------------
217,448
------------
INVESTMENT BANKING/BROKERAGE -- 1.8%
Ameritrade Holding Corp. (a).......... 1,866 44,784
E*TRADE Financial Corp. (a)........... 4,545 94,809
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Friedman, Billings, Ramsey Group,
Inc. ............................... 2,811 $ 27,829
Goldman Sachs Group, Inc. ............ 2,935 374,829
Lehman Brothers Holdings, Inc. ....... 2,032 260,441
Merrill Lynch & Co., Inc. ............ 6,009 406,990
Morgan Stanley........................ 7,125 404,272
The Bear Stearns Cos., Inc. .......... 808 93,348
The Charles Schwab Corp. ............. 10,153 148,945
------------
1,856,247
------------
INVESTMENT MANAGEMENT -- 0.5%
Ameriprise Financial, Inc. ........... 1,538 63,058
Franklin Resources, Inc. ............. 1,234 116,008
Janus Capital Group, Inc. ............ 3,573 66,565
Legg Mason, Inc. ..................... 1,012 121,126
T. Rowe Price Group, Inc. ............ 887 63,891
Waddell & Reed Financial, Inc. (Class
A).................................. 2,555 53,579
------------
484,227
------------
LEISURE TIME (PRODUCTS) -- 0.5%
Brunswick Corp. ...................... 1,324 53,834
Carnival Corp. ....................... 3,306 176,772
Eastman Kodak Co. .................... 2,779 65,029
Hasbro, Inc. ......................... 2,677 54,022
Mattel, Inc. ......................... 4,220 66,760
SCP Pool Corp. ....................... 1,275 47,455
The Topps Co., Inc.................... 5,266 39,126
------------
502,998
------------
LODGING (HOTELS) -- 0.4%
Hilton Hotels Corp. .................. 3,503 84,457
La Quinta Corp. (a)................... 4,532 50,487
Marriott International, Inc. (Class
A).................................. 1,527 102,263
Starwood Hotels & Resorts Worldwide,
Inc. (Class B)...................... 1,744 111,372
Wynn Resorts, Ltd. (a)................ 828 45,416
------------
393,995
------------
MACHINERY (DIVERSIFIED) -- 0.8%
Caterpillar, Inc. .................... 4,978 287,579
Danaher Corp. ........................ 1,803 100,571
Deere & Co. .......................... 1,934 131,725
Dover Corp. .......................... 1,423 57,617
Eaton Corp. .......................... 1,357 91,041
IDEX Corp. ........................... 1,640 67,421
Joy Global, Inc. ..................... 1,975 79,000
Manitowoc Co. ........................ 200 10,044
------------
824,998
------------
MANUFACTURING (DIVERSIFIED) -- 4.4%
3M Co. ............................... 4,857 376,418
Crane Co. ............................ 400 14,108
Federal Signal Corp. ................. 2,843 42,673
General Electric Co. ................. 74,906 2,625,455
Harsco Corp. ......................... 872 58,869
Honeywell International, Inc. ........ 5,533 206,104
Illinois Tool Works, Inc. ............ 1,805 158,822
Ingersoll-Rand Co., Ltd. (Class A).... 2,884 116,427
ITT Industries, Inc. ................. 887 91,201
Johnson Controls, Inc. ............... 1,665 121,395
Parker-Hannifin Corp. ................ 1,204 79,416
Pentair, Inc. ........................ 1,312 45,290
</Table>
See accompanying notes to financial statements.
52
STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Roper Industries, Inc. ............... 1,411 $ 55,749
SPX Corp. ............................ 1,101 50,393
Textron, Inc. ........................ 1,141 87,834
Tyco International, Ltd. ............. 14,496 418,355
------------
4,548,509
------------
MANUFACTURING (SPECIALIZED) -- 0.1%
CLARCOR, Inc. ........................ 400 11,884
Donaldson Co., Inc. .................. 361 11,480
Pall Corp. ........................... 2,249 60,408
Zebra Technologies Corp. (Class A)
(a)................................. 1,009 43,236
------------
127,008
------------
METAL FABRICATORS -- 0.2%
Precision Castparts Corp. ............ 888 46,007
Quanex Corp. ......................... 200 9,994
The Timken Co. ....................... 2,092 66,986
------------
122,987
------------
METALS MINING -- 0.4%
Alcoa, Inc. .......................... 6,793 200,869
Freeport-McMoRan Copper & Gold,
Inc. ............................... 1,942 104,480
Phelps Dodge Corp. ................... 906 130,346
------------
435,695
------------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 0.8%
Cascade Natural Gas Corp. ............ 3,064 59,779
Chesapeake Utilities Corp. ........... 1,923 59,228
Crosstex Energy LP.................... 1,262 43,009
El Paso Corp. ........................ 6,466 78,627
EnergySouth, Inc. .................... 2,189 58,621
Enterprise Products Partners LP....... 2,645 63,506
KeySpan Corp. ........................ 600 21,414
Kinder Morgan, Inc. .................. 800 73,560
NiSource, Inc. ....................... 1,000 20,860
Pacific Energy Partners LP............ 1,819 53,424
Questar Corp. ........................ 574 43,452
Sempra Energy......................... 1,851 82,999
The Williams Cos., Inc. .............. 5,242 121,457
------------
779,936
------------
OFFICE EQUIPMENT & SUPPLIES -- 0.3%
ACCO Brands Corp. (a)................. 302 7,399
Ennis, Inc. .......................... 2,894 52,584
Herman Miller, Inc. .................. 1,584 44,653
Pitney Bowes, Inc. ................... 2,029 85,725
Xerox Corp. (a)....................... 8,275 121,229
------------
311,590
------------
OIL & GAS (DRILLING & EQUIPMENT) -- 1.9%
Baker Hughes, Inc. ................... 2,299 139,733
BJ Services Co. ...................... 2,854 104,656
ENSCO International, Inc. ............ 1,729 76,681
GlobalSantaFe Corp. .................. 2,019 97,215
Grant Prideco, Inc. (a)............... 2,061 90,931
Grey Wolf, Inc. (a)................... 5,953 46,017
Halliburton Co. ...................... 3,895 241,334
Nabors Industries, Ltd. (a)........... 1,366 103,475
National-Oilwell Varco, Inc. (a)...... 1,620 101,574
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Noble Corp. .......................... 1,284 $ 90,573
Patterson-UTI Energy, Inc. ........... 2,147 70,744
Rowan Cos., Inc. ..................... 1,790 63,796
Schlumberger, Ltd. ................... 4,008 389,377
Superior Energy Services, Inc. (a).... 2,510 52,836
Transocean, Inc. (a).................. 2,642 184,121
Weatherford International, Ltd. (a)... 2,431 88,002
------------
1,941,065
------------
OIL & GAS (EXPLORATION/PRODUCTS) -- 1.9%
Anadarko Petroleum Corp. ............. 1,865 176,709
Apache Corp. ......................... 2,467 169,039
Burlington Resources, Inc. ........... 3,020 260,324
Chesapeake Energy Corp. .............. 2,959 93,889
Cross Timbers Royalty Trust........... 1,253 61,272
Denbury Resources, Inc. (a)........... 2,582 58,818
Devon Energy Corp. ................... 3,647 228,083
Encore Aquisition Co. (a)............. 300 9,612
EOG Resources, Inc. .................. 2,044 149,968
Kerr-McGee Corp. ..................... 726 65,964
Murphy Oil Corp. ..................... 1,580 85,304
Newfield Exploration Co. (a).......... 852 42,660
Noble Energy, Inc. ................... 1,694 68,268
Pioneer Natural Resources Co. ........ 1,496 76,700
Plains Exploration & Production Co.
(a)................................. 1,364 54,192
Range Resources Corp. ................ 2,440 64,270
Southwestern Energy Co. (a)........... 1,009 36,263
St. Mary Land & Exploration Co. ...... 1,731 63,718
Ultra Petroleum Corp. (a)............. 1,075 59,985
XTO Energy, Inc. ..................... 3,161 138,894
------------
1,963,932
------------
OIL & GAS (REFINING & MARKETING) -- 0.4%
Holly Corp. .......................... 200 11,774
Sunoco, Inc. ......................... 1,427 111,848
Tesoro Petroleum Corp. ............... 909 55,949
Valero Energy Corp. .................. 4,892 252,427
------------
431,998
------------
OIL (INTEGRATED) -- 4.3%
Amerada Hess Corp. ................... 598 75,838
Chevron Corp. ........................ 15,454 877,324
ConocoPhillips........................ 8,894 517,453
Exxon Mobil Corp. .................... 45,563 2,559,274
Marathon Oil Corp. ................... 2,967 180,898
Occidental Petroleum Corp. ........... 2,841 226,939
------------
4,437,726
------------
PAPER & FOREST PRODUCTS -- 0.1%
Weyerhaeuser Co. ..................... 1,835 121,734
------------
PAPER & RELATED PRODUCTS -- 0.4%
International Paper Co. .............. 4,039 135,751
Longview Fibre Co. ................... 2,050 42,660
MeadWestvaco Corp. ................... 2,635 73,859
Smurfit-Stone Container Corp. (a)..... 3,965 56,184
Temple-Inland, Inc. .................. 1,275 57,184
------------
365,638
------------
</Table>
See accompanying notes to financial statements.
53
STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
PERSONAL & HOUSEHOLD GOODS -- 0.1%
Avon Products, Inc. .................. 3,728 $ 106,434
The Estee Lauder Cos., Inc. (Class
A).................................. 1,500 50,220
------------
156,654
------------
POWER PRODUCERS (INDEPENDENT) -- 0.1%
Headwaters, Inc. (a).................. 300 10,632
NRG Energy, Inc. (a).................. 1,293 60,926
Reliant Energy, Inc. (a).............. 3,942 40,682
------------
112,240
------------
PUBLISHING -- 0.2%
Courier Corp. ........................ 1,455 49,965
Dex Media, Inc. ...................... 704 19,071
The McGraw-Hill Cos., Inc. ........... 3,072 158,607
------------
227,643
------------
PUBLISHING (NEWSPAPERS) -- 0.2%
Gannett Co., Inc. .................... 1,711 103,635
The New York Times Co. (Class A)...... 928 24,546
Tribune Co. .......................... 2,017 61,034
------------
189,215
------------
RAILROADS -- 0.6%
Burlington Northern Santa Fe Corp. ... 2,964 209,910
CSX Corp. ............................ 2,114 107,328
Kansas City Southern Industries, Inc.
(a)................................. 500 12,215
Norfolk Southern Corp. ............... 3,554 159,326
Union Pacific Corp. .................. 1,966 158,283
------------
647,062
------------
REAL ESTATE INVESTMENT TRUST -- 2.3%
Agree Realty Corp. ................... 1,973 57,020
American Financial Realty Trust....... 3,935 47,220
American Land Lease, Inc. ............ 1,729 40,925
Annaly Mortgage Management, Inc. ..... 900 9,846
Anthracite Capital, Inc. ............. 4,995 52,597
Archstone-Smith Trust................. 2,472 103,552
Ashford Hospitality Trust, Inc. ...... 4,402 46,177
Avalonbay Communities, Inc. .......... 200 17,850
Boston Properties, Inc. .............. 500 37,065
CB Richard Ellis Group, Inc. (Class A)
(a)................................. 1,021 60,086
CentraCore Properties Trust........... 2,320 62,338
Commercial Net Lease Realty........... 4,004 81,561
Corporate Office Properties Trust..... 2,236 79,467
Crescent Real Estate Equities Co. .... 3,739 74,107
Equity Office Properties Trust........ 3,279 99,452
Equity Residential.................... 2,484 97,174
General Growth Properties, Inc. ...... 2,166 101,780
Glimcher Realty Trust................. 2,462 59,876
GMH Communities Trust................. 3,328 51,617
Highland Hospitality Corp. ........... 4,411 48,742
HomeBanc Corp. ....................... 4,552 34,049
Host Marriott Corp. .................. 4,301 81,504
Innkeepers USA Trust.................. 3,645 58,320
Investors Real Estate Trust........... 6,037 55,722
Jones Lang LaSalle, Inc. ............. 200 10,070
Kimco Realty Corp. ................... 800 25,664
LaSalle Hotel Properties.............. 1,846 67,785
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
National Health Realty, Inc. ......... 3,010 $ 55,896
Nationwide Health Properties, Inc. ... 500 10,700
One Liberty Properties, Inc. ......... 3,443 63,386
Pennsylvania Real Estate Investment
Trust............................... 1,578 58,954
Plum Creek Timber Co., Inc. .......... 2,306 83,131
PMC Commercial Trust.................. 4,602 56,605
Post Properties, Inc. ................ 300 11,985
ProLogis.............................. 1,760 82,227
Public Storage, Inc. ................. 300 20,316
Ramco-Gershenson Properties Trust..... 2,247 59,883
Simon Property Group, Inc. ........... 1,677 128,509
Tanger Factory Outlet Centers,
Inc. ............................... 2,365 67,970
The St. Joe Co. ...................... 809 54,381
Urstadt Biddle Properties (Class A)... 3,321 53,833
Vornado Realty Trust.................. 300 25,041
------------
2,394,383
------------
REINSURANCE -- 0.7%
Berkshire Hathaway, Inc. (Class A)
(a)................................. 8 708,960
------------
RESTAURANTS -- 0.9%
Bob Evans Farms, Inc. ................ 2,270 52,346
Brinker International, Inc. .......... 550 21,263
Darden Restaurants, Inc. ............. 1,710 66,485
McDonald's Corp. ..................... 9,110 307,189
Panera Bread Co. (Class A) (a)........ 200 13,136
Ruby Tuesday, Inc. ................... 500 12,945
Starbucks Corp. (a)................... 6,350 190,564
The Cheesecake Factory, Inc. (a)...... 1,697 63,451
The Steak n Shake Co. (a)............. 2,295 38,900
Wendy's International, Inc. .......... 1,201 66,367
Yum! Brands, Inc. .................... 2,465 115,559
------------
948,205
------------
RETAIL -- 0.3%
Albertson's, Inc. .................... 2,701 57,666
Safeway, Inc. ........................ 3,823 90,452
The Kroger Co. (a).................... 5,497 103,784
Whole Foods Market, Inc. ............. 1,100 85,129
------------
337,031
------------
RETAIL (BUILDING SUPPLIES) -- 1.0%
Lowe's Cos., Inc. .................... 5,201 346,699
The Home Depot, Inc. ................. 15,886 643,065
------------
989,764
------------
RETAIL (COMPUTERS & ELECTRONICS) -- 0.2%
Best Buy Co., Inc. ................... 3,255 141,527
Circuit City Stores, Inc. ............ 2,542 57,424
RadioShack Corp. ..................... 1,762 37,055
------------
236,006
------------
RETAIL (DEPARTMENT STORES) -- 0.5%
Dillards, Inc. (Class A).............. 500 12,410
Federated Department Stores, Inc. .... 2,253 149,442
J. C. Penney Co., Inc. ............... 2,147 119,373
Kohl's Corp. (a)...................... 2,425 117,855
Nordstrom, Inc. ...................... 2,155 80,597
------------
479,677
------------
</Table>
See accompanying notes to financial statements.
54
STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
RETAIL (DISCOUNTERS) -- 0.4%
Big Lots, Inc. (a).................... 2,790 $ 33,508
Costco Wholesale Corp. ............... 3,680 182,049
Dollar General Corp. ................. 3,181 60,662
Dollar Tree Stores, Inc. (a).......... 1,773 42,446
Family Dollar Stores, Inc. ........... 1,917 47,522
------------
366,187
------------
RETAIL (GENERAL MERCHANDISING CHAIN) -- 1.2%
Sears Holdings Corp. (a).............. 721 83,297
Target Corp. ......................... 6,100 335,317
Wal-Mart Stores, Inc. ................ 17,774 831,823
------------
1,250,437
------------
RETAIL (SPECIALTY APPAREL) -- 0.5%
Abercrombie & Fitch Co. .............. 873 56,902
American Eagle Outfitters, Inc. ...... 1,457 33,482
Chico's FAS, Inc. (a)................. 1,710 75,120
Foot Locker, Inc. .................... 1,782 42,037
Limited Brands........................ 3,030 67,721
Mens Wearhouse, Inc. (a).............. 400 11,776
Ross Stores, Inc. .................... 1,736 50,170
The Gap, Inc. ........................ 4,939 87,124
The TJX Cos., Inc. ................... 3,454 80,237
Urban Outfitters, Inc. (a)............ 1,545 39,104
------------
543,673
------------
RETAIL (SPECIALTY) -- 0.9%
Advance Auto Parts, Inc. (a).......... 1,242 53,977
Amazon.com, Inc. (a).................. 2,645 124,712
AutoNation, Inc. (a).................. 2,806 60,974
AutoZone, Inc. (a).................... 615 56,426
Bed Bath & Beyond, Inc. (a)........... 2,584 93,412
Borders Group, Inc. .................. 500 10,835
Guitar Center, Inc. (a)............... 200 10,002
Michaels Stores, Inc. ................ 1,432 50,650
O'Reilly Automotive, Inc. (a)......... 1,729 55,345
Office Depot, Inc. (a)................ 3,067 96,304
PETsMART, Inc. ....................... 1,802 46,239
Staples, Inc. ........................ 6,367 144,595
Tiffany & Co. ........................ 1,637 62,681
Williams-Sonoma, Inc. (a)............. 1,201 51,823
Zale Corp. (a)........................ 400 10,060
------------
928,035
------------
RETAIL STORES (DRUG STORE) -- 0.7%
Caremark Rx, Inc. (a)................. 3,718 192,555
CVS Corp. ............................ 6,008 158,732
Walgreen Co. ......................... 7,416 328,232
------------
679,519
------------
SAVINGS & LOAN COMPANIES -- 0.9%
Berkshire Hills Bancorp, Inc. ........ 1,433 48,005
ESB Financial Corp. .................. 2,707 30,373
Golden West Financial Corp. .......... 2,110 139,260
Horizon Financial Corp. .............. 2,427 53,006
KNBT Bancorp, Inc. ................... 3,160 51,476
MASSBANK Corp. ....................... 2,033 66,987
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
OceanFirst Financial Corp. ........... 2,517 $ 57,287
People's Bank......................... 2,456 76,283
Sound Federal Bancorp, Inc. .......... 3,180 60,738
Sovereign Bancorp, Inc. .............. 3,801 82,178
Washington Mutual, Inc. .............. 6,812 296,322
------------
961,915
------------
SERVICES (ADVERTISING/MARKETING) -- 0.3%
aQuantive, Inc. (a)................... 400 10,096
Getty Images, Inc. (a)................ 626 55,883
Lamar Advertising Co. (a)............. 1,201 55,414
Omnicom Group, Inc. .................. 1,468 124,971
The Interpublic Group of Cos., Inc.
(a)................................. 4,650 44,872
------------
291,236
------------
SERVICES (COMMERCIAL & CONSUMER) -- 1.8%
Accenture, Ltd. (Class A)............. 3,270 94,405
ADESA, Inc. .......................... 1,693 41,343
Apollo Group, Inc. (a)................ 1,347 81,440
Avery Dennison Corp. ................. 1,227 67,816
Avnet, Inc. (a)....................... 2,098 50,226
Career Education Corp. (a)............ 1,307 44,072
CCE Spinco, Inc (a)................... 556 7,284
Cendant Corp. ........................ 8,496 146,556
Checkfree Corp. (a)................... 1,180 54,162
ChoicePoint, Inc. (a)................. 1,238 55,103
Cintas Corp. ......................... 1,682 69,265
Connecticut Water Service, Inc. ...... 2,345 57,476
Education Management Corp. (a)........ 1,358 45,507
Equifax, Inc. ........................ 1,635 62,163
Fastenal Co. ......................... 1,885 73,873
H&R Block, Inc. ...................... 2,551 62,627
Iron Mountain, Inc. (a)............... 1,643 69,367
ITT Educational Services, Inc. (a).... 829 49,002
Laidlaw International, Inc. .......... 1,676 38,933
Laureate Education, Inc. (a).......... 960 50,410
Middlesex Water Co. .................. 3,098 53,719
Moody's Corp. ........................ 2,280 140,038
Paychex, Inc. ........................ 2,974 113,369
R.R. Donnelley & Sons Co. ............ 2,573 88,022
Rent-A-Center, Inc. (a)............... 600 11,316
Sabre Holdings Corp.(Class A)......... 2,259 54,464
Service Corp. International........... 5,722 46,806
Strayer Education, Inc. .............. 100 9,370
The Service Master Co. ............... 1,790 21,390
VCA Antech, Inc. (a).................. 1,698 47,884
VeriSign, Inc. (a).................... 2,526 55,370
Websense, Inc. (a).................... 200 13,128
------------
1,875,906
------------
SERVICES (COMPUTER SYSTEMS) -- 0.3%
Cognizant Technology Solutions Corp.
(a)................................. 1,341 67,519
Computer Sciences Corp. (a)........... 1,748 88,519
Electronic Data Systems Corp. ........ 4,748 114,142
------------
270,180
------------
</Table>
See accompanying notes to financial statements.
55
STREETTRACKS DJ WILSHIRE TOTAL MARKET ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
SERVICES (DATA PROCESSING) -- 0.7%
Automatic Data Processing, Inc. ...... 4,262 $ 195,583
Certegy, Inc. ........................ 1,276 51,754
Dun & Bradstreet Corp. (a)............ 910 60,933
First Data Corp. ..................... 5,562 239,222
Fiserv, Inc. (a)...................... 1,866 80,742
NAVTEQ Corp. (a)...................... 1,177 51,635
The BISYS Group, Inc. (a)............. 2,773 38,850
------------
718,719
------------
SERVICES (EMPLOYMENT) -- 0.2%
Manpower, Inc. ....................... 578 26,877
Monster Worldwide, Inc. (a)........... 1,553 63,393
Robert Half International, Inc. ...... 2,212 83,813
------------
174,083
------------
STEEL -- 0.2%
Nucor Corp. .......................... 1,459 97,345
Steel Dynamics, Inc. ................. 300 10,653
United States Steel Corp. ............ 1,335 64,173
Worthington Industries, Inc. ......... 500 9,605
------------
181,776
------------
TELEPHONE -- 2.5%
ALLTEL Corp. ......................... 2,383 150,367
AT&T, Inc. ........................... 27,953 684,569
BellSouth Corp. ...................... 12,456 337,558
Citizens Communications Co. .......... 4,818 58,924
MCI, Inc. ............................ 2,332 46,010
NTL, Inc. (a)......................... 815 55,485
Qwest Communications International,
Inc. (a)............................ 16,234 91,722
Sprint Nextel Corp. .................. 19,732 460,940
SureWest Communications............... 1,565 41,269
Telephone & Data Systems, Inc. ....... 1,281 46,154
Verizon Communications, Inc. ......... 19,064 574,208
------------
2,547,206
------------
TEXTILES (APPAREL) -- 0.2%
Coach, Inc. (a)....................... 3,365 112,189
Jones Apparel Group, Inc. ............ 1,842 56,586
Liz Claiborne, Inc. .................. 1,545 55,342
Quiksilver, Inc. (a).................. 2,666 36,898
------------
261,015
------------
TOBACCO -- 1.2%
Altria Group, Inc. ................... 14,472 1,081,348
Reynolds American, Inc. .............. 807 76,931
UST, Inc. ............................ 1,647 67,247
------------
1,225,526
------------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
TRUCKING -- 0.8%
C.H. Robinson Worldwide, Inc. ........ 1,042 $ 38,585
Expeditors International Washington,
Inc. ............................... 1,370 92,489
FedEx Corp. .......................... 2,086 215,672
Forward Air Corp. .................... 1,802 66,043
J.B. Hunt Transport Services, Inc. ... 2,469 55,898
Landstar Systems, Inc. ............... 1,803 75,257
United Parcel Service, Inc. (Class
B).................................. 3,963 297,819
YRC Worldwide, Inc (a)................ 857 38,231
------------
879,994
------------
TRUCKS & PARTS -- 0.1%
PACCAR, Inc. ......................... 1,542 106,753
Proliance International, Inc. (a)..... 426 2,253
------------
109,006
------------
WASTE MANAGEMENT -- 0.1%
Nalco Holding Co. (a)................. 600 10,626
Waste Management, Inc. ............... 4,815 146,135
------------
156,761
------------
TOTAL COMMON STOCKS --
(Cost $93,205,195).................. 103,136,252
------------
SHORT TERM INVESTMENTS -- 0.3%
MONEY MARKET FUND -- 0.3%
AIM Short Term Investment Class Prime
Fund (Cost $280,465)................ 280,465 280,465
------------
TOTAL INVESTMENTS -- 99.9%
(Cost $93,485,660) 103,416,717
OTHER ASSETS AND LIABILITIES -- 0.1% 123,123
------------
NET ASSETS -- 100.0%.................. $103,539,840
============
(a) Non-income producing security
(b) Amount shown represents less than 0.005% of
net assets.
(c) Affiliated issuer (Note 3)
</Table>
See accompanying notes to financial statements.
56
STREETTRACKS DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.7%
AEROSPACE/DEFENSE -- 1.7%
Alliant Techsystems, Inc. (a)........... 45 $ 3,428
Boeing Co. ............................. 845 59,353
General Dynamics Corp. ................. 195 22,240
Goodrich Corp. ......................... 140 5,754
L-3 Communications Holdings, Inc. ...... 132 9,814
Lockheed Martin Corp. .................. 405 25,770
Northrop Grumman Corp. ................. 385 23,142
Raytheon Co. ........................... 520 20,878
Rockwell Collins, Inc. ................. 185 8,597
United Technologies Corp. .............. 1,090 60,942
-----------
239,918
-----------
AIRLINES -- 0.1%
Southwest Airlines Co. 815 13,390
-----------
AUTO PARTS & EQUIPMENT -- 0.1%
BorgWarner, Inc. ....................... 65 3,941
Gentex Corp. ........................... 180 3,510
Genuine Parts Co. ...................... 200 8,784
Lear Corp. ............................. 80 2,277
-----------
18,512
-----------
AUTOMOBILES & PARTS -- 0.3%
Ford Motor Co. ......................... 2,025 15,633
General Motors Corp. ................... 485 9,419
Harley-Davidson, Inc. .................. 335 17,249
-----------
42,301
-----------
BANKS (MAJOR REGIONAL) -- 4.4%
Bank of America Corp. .................. 4,649 214,551
Comerica, Inc. ......................... 195 11,068
Commerce Bancorp, Inc. ................. 185 6,366
Fifth Third Bancorp..................... 540 20,369
Huntington Bancshares, Inc. ............ 255 6,056
Keycorp................................. 470 15,477
National City Corp. .................... 645 21,653
PNC Financial Services Group............ 335 20,713
SunTrust Banks, Inc. ................... 415 30,195
U.S. Bancorp............................ 2,050 61,275
Wachovia Corp. ......................... 1,827 96,575
Wells Fargo & Co. ...................... 1,947 122,330
-----------
626,628
-----------
BANKS (REGIONAL) -- 1.2%
AmSouth Bancorp......................... 405 10,615
Associated BancCorp. ................... 140 4,557
Bank of Hawaii Corp. ................... 60 3,092
BB&T Corp. ............................. 630 26,403
City National Corp. .................... 50 3,622
Colonial BancGroup, Inc. ............... 175 4,168
Commerce Bancshares, Inc. .............. 84 4,378
Compass Bancshares, Inc. ............... 140 6,761
First Horizon National Corp. ........... 140 5,382
Fulton Financial Corp. ................. 180 3,168
M&T Bank Corp. ......................... 95 10,360
Marshall & Ilsley Corp. ................ 220 9,469
Mercantile Bankshares Corp. ............ 95 5,362
North Fork Bancorp, Inc. ............... 502 13,735
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Popular, Inc. .......................... 280 $ 5,922
Regions Financial Corp. ................ 530 18,105
Sky Financial Group, Inc. .............. 125 3,477
Synovus Financial Corp. ................ 295 7,968
TCF Financial Corp. .................... 150 4,071
TD Banknorth, Inc. ..................... 100 2,905
UnionBanCal Corp. ...................... 65 4,467
Valley National Bancorp................. 130 3,133
Webster Financial Corp. ................ 60 2,814
Zions Bancorp........................... 111 8,387
-----------
172,321
-----------
BEVERAGES (ALCOHOLIC) -- 0.4%
Anheuser-Busch Cos., Inc. .............. 895 38,449
Brown-Forman Corp. ..................... 65 4,506
Constellation Brands, Inc. (Class A)
(a)................................... 225 5,902
Molson Coors Brewing Co. ............... 80 5,359
-----------
54,216
-----------
BEVERAGES (NON-ALCOHOLIC) -- 1.6%
Coca-Cola Enterprises, Inc. ............ 285 5,463
PepsiCo, Inc. .......................... 1,940 114,615
The Coca-Cola Co. ...................... 2,547 102,670
The Pepsi Bottling Group, Inc. ......... 175 5,007
-----------
227,755
-----------
BIOTECHNOLOGY -- 1.9%
Amgen, Inc. (a)......................... 1,462 115,293
Applera Corp. -- Applied Biosystems
Group................................. 230 6,109
Biogen Idec, Inc. (a)................... 390 17,679
Celgene Corp. (a)....................... 190 12,312
Charles River Laboratories
International, Inc. (a)............... 85 3,601
Chiron Corp. (a)........................ 125 5,558
Genentech, Inc. (a)..................... 535 49,487
Genzyme Corp. (a)....................... 290 20,526
Gilead Sciences, Inc. (a)............... 495 26,052
ImClone Systems, Inc. (a)............... 75 2,568
Invitrogen Corp. (a).................... 60 3,998
MedImmune, Inc. (a)..................... 285 9,981
Millennium Pharmaceuticals, Inc. (a).... 355 3,444
Millipore Corp. (a)..................... 55 3,632
-----------
280,240
-----------
BROADCASTING (TV, RADIO & CABLE) -- 1.6%
Belo Corp. ............................. 120 2,569
Cablevision Systems New York Group
(Class A) (a)......................... 165 3,873
Clear Channel Communications, Inc. ..... 585 18,398
Comcast Corp. (Class A) (a)............. 2,392 62,096
Discovery Holding Co. (Class A) (a)..... 322 4,878
EchoStar Communications Corp. (Class
A)(a)................................. 250 6,793
EW Scripps Co. ......................... 95 4,562
Liberty Global, Inc. (a)................ 545 12,263
Liberty Media Corp. (a)................. 3,362 26,459
News Corp. (Class A).................... 2,837 44,115
Sirius Satellite Radio, Inc. (a)........ 1,380 9,246
The DIRECTV Group, Inc. (a)............. 1,055 14,897
</Table>
See accompanying notes to financial statements.
57
STREETTRACKS DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Univision Communications, Inc. (a)...... 295 $ 8,670
XM Satellite Radio Holdings, Inc. (Class
A) (a)................................ 255 6,956
-----------
225,775
-----------
BUILDING MATERIALS -- 0.3%
American Standard Cos., Inc. ........... 207 8,270
Lafarge North America, Inc. ............ 35 1,926
Martin Marietta Materials, Inc. ........ 55 4,219
Masco Corp. ............................ 505 15,246
Vulcan Materials Co. ................... 105 7,114
-----------
36,775
-----------
CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.7%
American Tower Corp. (a)................ 460 12,466
Crown Castle International Corp. (a).... 260 6,997
Motorola, Inc. ......................... 2,822 63,749
Nextel Partners, Inc. (a)............... 145 4,051
NII Holdings, Inc. (a).................. 132 5,766
US Cellular Corp. (a)................... 20 988
-----------
94,017
-----------
CHEMICALS (DIVERSIFIED) -- 1.3%
Air Products & Chemicals, Inc. ......... 245 14,502
E. I. du Pont de Nemours & Co. ......... 1,145 48,662
Fisher Scientific International, Inc.
(a)................................... 130 8,042
Huntsman Corp. (a)...................... 105 1,808
Lyondell Chemical Co. .................. 260 6,193
Monsanto Co. ........................... 307 23,802
PPG Industries, Inc. ................... 200 11,580
Praxair, Inc. .......................... 375 19,860
Rohm & Haas Co. ........................ 165 7,989
The Dow Chemical Co. ................... 1,097 48,071
-----------
190,509
-----------
CHEMICALS (SPECIALTY) -- 0.3%
Ashland, Inc. .......................... 85 4,922
Bunge, Ltd. ............................ 130 7,359
Chemtura Corp. ......................... 270 3,429
Eastman Chemical Co. ................... 90 4,643
Ecolab, Inc. ........................... 215 7,798
Engelhard Corp. ........................ 145 4,372
International Flavors & Fragrances,
Inc. ................................. 100 3,350
Lubrizol Corp. ......................... 77 3,344
Sigma-Aldrich Corp. .................... 70 4,430
The Mosaic Co. (a)...................... 145 2,121
-----------
45,768
-----------
COAL -- 0.2%
Arch Coal, Inc. ........................ 70 5,565
CONSOL Energy, Inc. .................... 105 6,844
Massey Energy Co. ...................... 85 3,219
Peabody Energy Corp. ................... 150 12,363
-----------
27,991
-----------
COMMUNICATIONS EQUIPMENT -- 1.1%
Avaya, Inc. (a)......................... 520 5,548
Comverse Technology, Inc. (a)........... 210 5,584
Corning, Inc. (a)....................... 1,737 34,149
Harris Corp. ........................... 155 6,667
Lucent Technologies, Inc. (a)........... 4,962 13,199
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
QUALCOMM, Inc. ......................... 1,895 $ 81,637
Scientific-Atlanta, Inc. ............... 175 7,537
Tellabs, Inc. (a)....................... 487 5,308
-----------
159,629
-----------
COMPUTER SOFTWARE/SERVICES -- 5.1%
Activision, Inc. (a).................... 305 4,191
Adobe Systems, Inc. .................... 679 25,096
Affiliated Computer Services, Inc.
(a)................................... 140 8,285
Autodesk, Inc. ......................... 265 11,382
BEA Systems, Inc. (a)................... 445 4,183
BMC Software, Inc. (a).................. 255 5,225
Cadence Design Systems, Inc. (a)........ 315 5,330
Ceridian Corp. (a)...................... 170 4,224
Citrix Systems, Inc. (a)................ 195 5,612
Computer Associates International,
Inc. ................................. 540 15,223
Diebold, Inc. .......................... 82 3,116
DST Systems, Inc. (a)................... 75 4,493
eBay, Inc. (a).......................... 1,242 53,716
Electronic Arts, Inc. (a)............... 345 18,047
Expedia, Inc. (a)....................... 335 8,027
Google, Inc. (a)........................ 200 82,972
IAC/InterActiveCorp (a)................. 335 9,484
Intuit, Inc. (a)........................ 190 10,127
McAfee, Inc. (a)........................ 180 4,883
Mercury Interactive Corp. (a)........... 95 2,640
Microsoft Corp. ........................ 10,861 284,015
Novell, Inc. (a)........................ 432 3,815
Oracle Corp. (a)........................ 4,592 56,068
Pixar (a)............................... 65 3,427
Siebel Systems, Inc. ................... 530 5,607
Symantec Corp. (a)...................... 1,372 24,010
Synopsys, Inc. (a)...................... 165 3,310
Unisys Corp. (a)........................ 390 2,274
Yahoo!, Inc. (a)........................ 1,500 58,770
-----------
727,552
-----------
COMPUTERS (HARDWARE) -- 2.9%
Apple Computer, Inc. (a)................ 940 67,577
Dell, Inc. (a).......................... 2,520 75,575
Hewlett-Packard Co. .................... 3,332 95,395
International Business Machines
Corp. ................................ 1,857 152,645
NCR Corp. (a)........................... 215 7,297
Sun Microsystems, Inc. (a).............. 3,922 16,433
-----------
414,922
-----------
COMPUTERS (NETWORKING) -- 1.0%
Cisco Systems, Inc. (a)................. 7,579 129,753
Juniper Networks, Inc. (a).............. 627 13,982
-----------
143,735
-----------
COMPUTERS (PERIPHERALS) -- 0.5%
EMC Corp. (a)........................... 2,787 37,959
Lexmark International, Inc. (a)......... 150 6,724
Network Appliance, Inc. (a)............. 420 11,340
SanDisk Corp. (a)....................... 210 13,192
Seagate Technology (a).................. 435 8,696
-----------
77,911
-----------
</Table>
See accompanying notes to financial statements.
58
STREETTRACKS DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
CONSUMER FINANCE -- 1.1%
American Express Co. ................... 1,270 $ 65,354
AmeriCredit Corp. (a)................... 170 4,357
Capital One Financial Corp. ............ 322 27,821
MBNA Corp. ............................. 1,300 35,295
SLM Corp. .............................. 485 26,719
Student Loan Corp. ..................... 5 1,046
-----------
160,592
-----------
CONTAINERS (METALS & GLASS) -- 0.1%
Ball Corp. ............................. 117 4,647
Crown Holdings, Inc. (a)................ 190 3,711
Owens-Illinois, Inc. (a)................ 160 3,366
-----------
11,724
-----------
CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.1%
Bemis Co. .............................. 125 3,484
Pactiv Corp. (a)........................ 175 3,850
Sealed Air Corp. (a).................... 95 5,336
Sonoco Products Co. .................... 115 3,381
-----------
16,051
-----------
DISTRIBUTORS (FOOD & HEALTH) -- 0.6%
AmerisourceBergen Corp. ................ 240 9,936
Cardinal Health, Inc. .................. 500 34,375
McKesson Corp. ......................... 320 16,509
Patterson Cos., Inc. (a)................ 135 4,509
SUPERVALU, Inc. ........................ 155 5,034
Sysco Corp. ............................ 735 22,822
-----------
93,185
-----------
ELECTRIC UTILITIES -- 3.0%
Allegheny Energy, Inc. (a).............. 185 5,855
Alliant Energy Corp. ................... 135 3,785
Ameren Corp. ........................... 225 11,529
American Electric Power Co., Inc. ...... 455 16,876
CenterPoint Energy, Inc. ............... 315 4,048
Cinergy Corp. .......................... 210 8,917
Consolidated Edison, Inc. .............. 280 12,972
Constellation Energy Group, Inc. ....... 200 11,520
Dominion Resources, Inc. ............... 390 30,108
DPL, Inc. .............................. 140 3,641
DTE Energy Co. ......................... 200 8,638
Duke Energy Corp. ...................... 1,020 27,999
Edison International.................... 345 15,045
Energy East Corp. ...................... 170 3,876
Entergy Corp. .......................... 245 16,819
Exelon Corp. ........................... 762 40,493
FirstEnergy Corp. ...................... 380 18,616
FPL Group, Inc. ........................ 415 17,247
MDU Resources Group, Inc. .............. 125 4,093
Northeast Utilities..................... 150 2,954
NSTAR................................... 125 3,588
Pepco Holdings, Inc. ................... 215 4,810
PG&E Corp. ............................. 425 15,776
Pinnacle West Capital Corp. ............ 110 4,548
PPL Corp. .............................. 437 12,848
Progress Energy, Inc. .................. 285 12,517
Public Service Enterprise Group,
Inc. ................................. 275 17,867
SCANA Corp. ............................ 120 4,726
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
TECO Energy, Inc. ...................... 230 $ 3,951
The AES Corp. (a)....................... 745 11,793
The Southern Co. ....................... 855 29,523
TXU Corp. .............................. 520 26,099
Wisconsin Energy Corp. ................. 135 5,273
Xcel Energy, Inc. ...................... 460 8,492
-----------
426,842
-----------
ELECTRICAL EQUIPMENT -- 0.4%
American Power Conversion Corp. ........ 215 4,730
Cooper Industries, Ltd. ................ 105 7,665
Emerson Electric Co. ................... 482 36,006
Hubbell, Inc. (Class B)................. 65 2,933
Rockwell Automation, Inc. .............. 190 11,240
-----------
62,574
-----------
ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.1%
Arrow Electronics, Inc. (a)............. 132 4,228
CDW Corp. .............................. 75 4,318
Sanmina-SCI Corp. (a)................... 600 2,556
Solectron Corp. (a)..................... 1,120 4,099
W.W. Grainger, Inc. .................... 95 6,754
-----------
21,955
-----------
ELECTRONICS (INSTRUMENT) -- 0.3%
Agilent Technologies, Inc. (a).......... 471 15,680
Amphenol Corp. (Class A)................ 100 4,426
Garmin, Ltd. ........................... 65 4,313
Molex, Inc. ............................ 150 3,892
PerkinElmer, Inc. ...................... 140 3,298
Symbol Technologies, Inc. .............. 280 3,590
Thermo Electron Corp. (a)............... 185 5,574
Waters Corp. (a)........................ 135 5,103
-----------
45,876
-----------
ELECTRONICS (SEMICONDUCTORS) -- 2.7%
Advanced Micro Devices, Inc. (a)........ 455 13,923
Altera Corp. (a)........................ 430 7,968
Analog Devices, Inc. ................... 430 15,424
Broadcom Corp. (Class A) (a)............ 310 14,616
Freescale Semiconductor, Inc. (Class B)
(a)................................... 460 11,578
Intel Corp. ............................ 7,004 174,820
International Rectifier Corp. (a)....... 75 2,392
Linear Technology Corp. ................ 355 12,805
Marvell Technology Group, Ltd. (a)...... 255 14,303
Maxim Integrated Products, Inc. ........ 375 13,590
Microchip Technology, Inc. ............. 235 7,555
Micron Technology, Inc. (a)............. 705 9,384
National Semiconductor Corp. ........... 400 10,392
NVIDIA Corp. (a)........................ 185 6,764
QLogic Corp. (a)........................ 100 3,251
Texas Instruments, Inc. ................ 1,960 62,857
Xilinx, Inc. ........................... 400 10,084
-----------
391,706
-----------
ENGINEERING & CONSTRUCTION -- 0.1%
Fluor Corp. ............................ 95 7,340
Jacobs Engineering Group, Inc. (a)...... 65 4,411
-----------
11,751
-----------
</Table>
See accompanying notes to financial statements.
59
STREETTRACKS DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
ENTERTAINMENT -- 1.4%
The Walt Disney Co. .................... 2,350 $ 56,330
Time Warner, Inc. ...................... 5,077 88,543
Viacom, Inc. (Class B).................. 1,652 53,855
-----------
198,728
-----------
EQUIPMENT (SEMICONDUCTORS) -- 0.4%
Applied Materials, Inc. ................ 1,820 32,651
KLA-Tencor Corp. ....................... 225 11,099
Lam Research Corp. (a).................. 160 5,709
Novellus Systems, Inc. (a).............. 160 3,859
Teradyne, Inc. (a)...................... 225 3,278
-----------
56,596
-----------
FINANCIAL (DIVERSIFIED) -- 4.8%
Cbot Holdings, Inc. (a)................. 5 469
Chicago Mercantile Exchange Holdings,
Inc. ................................. 30 11,025
CIT Group, Inc. ........................ 245 12,686
Citigroup, Inc. ........................ 5,987 290,549
Countrywide Financial Corp. ............ 685 23,420
Fannie Mae.............................. 1,115 54,423
Freddie Mac............................. 795 51,953
JPMorgan Chase & Co. ................... 4,052 160,824
Mellon Financial Corp. ................. 490 16,782
Northern Trust Corp. ................... 225 11,660
SEI Investments Co. .................... 80 2,960
State Street Corp. (b).................. 385 21,344
The Bank of New York Co., Inc. ......... 895 28,506
Thornburg Mortgage, Inc. ............... 115 3,013
-----------
689,614
-----------
FOOD PRODUCTS -- 1.1%
Archer-Daniels-Midland Co. ............. 690 17,015
Campbell Soup Co. ...................... 295 8,782
ConAgra Foods, Inc. .................... 610 12,371
Dean Foods Co. (a)...................... 170 6,402
Dreyer's Grand Ice Cream Holdings,
Inc. ................................. 30 2,486
General Mills, Inc. .................... 410 20,221
H.J. Heinz Co. ......................... 405 13,657
Hormel Foods Corp. ..................... 85 2,778
JM Smucker Co. ......................... 65 2,860
Kellogg Co. ............................ 275 11,886
Kraft Foods, Inc. ...................... 295 8,301
McCormick & Co., Inc. .................. 150 4,638
Sara Lee Corp. ......................... 910 17,199
Smithfield Foods, Inc. (a).............. 100 3,060
The Hershey Co. ........................ 200 11,050
Tyson Foods, Inc. (Class A)............. 270 4,617
Wm. Wrigley Jr., Co. ................... 165 10,971
-----------
158,294
-----------
FOOTWEAR -- 0.1%
NIKE, Inc. (Class B).................... 200 17,358
-----------
GAMING & LOTTERY -- 0.4%
Boyd Gaming Corp. ...................... 55 2,621
GTECH Holdings Corp. (a)................ 135 4,285
Harrah's Entertainment, Inc. ........... 210 14,971
International Game Technology........... 395 12,158
Las Vegas Sands Corp. (a)............... 145 5,723
MGM Mirage, Inc. (a).................... 140 5,134
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Penn National Gaming, Inc. (a).......... 70 $ 2,307
Station Casinos, Inc. .................. 55 3,729
-----------
50,928
-----------
GOLD/PRECIOUS METALS MINING -- 0.2%
Newmont Mining Corp. ................... 470 25,098
-----------
HAND/MACHINE TOOLS -- 0.1%
Black & Decker Corp. ................... 95 8,261
The Stanley Works....................... 100 4,804
-----------
13,065
-----------
HEALTH CARE (DIVERSIFIED) -- 0.5%
Baxter International, Inc. ............. 715 26,920
Bristol-Myers Squibb Co. ............... 2,250 51,705
-----------
78,625
-----------
HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 4.2%
Abbott Laboratories..................... 1,792 70,659
Allergan, Inc. ......................... 150 16,194
Barr Pharmaceuticals, Inc. (a).......... 105 6,540
Cephalon, Inc. (a)...................... 65 4,208
Eli Lilly & Co. ........................ 1,115 63,098
Endo Pharmaceuticals Holdings, Inc.
(a)................................... 110 3,329
Forest Laboratories, Inc. (a)........... 405 16,475
Hospira, Inc. (a)....................... 180 7,700
IVAX Corp. (a).......................... 255 7,989
King Pharmaceuticals, Inc. (a).......... 280 4,738
Merck & Co., Inc. ...................... 2,537 80,702
Mylan Laboratories, Inc. ............... 250 4,990
Pfizer, Inc. ........................... 8,559 199,596
Schering-Plough Corp. .................. 1,697 35,382
Sepracor, Inc. (a)...................... 120 6,192
Watson Pharmaceuticals, Inc. (a)........ 125 4,064
Wyeth................................... 1,535 70,718
-----------
602,574
-----------
HEALTH CARE (HOSPITAL MANAGEMENT) -- 0.3%
Community Health Systems, Inc. (a)...... 100 3,834
HCA, Inc. .............................. 520 26,260
Health Management Associates, Inc. ..... 265 5,820
Tenet Healthcare Corp. (a).............. 540 4,136
Triad Hospitals, Inc. (a)............... 100 3,923
Universal Health Services, Inc. (Class
B).................................... 65 3,038
-----------
47,011
-----------
HEALTH CARE (MANAGED CARE) -- 1.8%
Aetna, Inc. ............................ 340 32,065
Coventry Health Care, Inc. (a).......... 185 10,538
Express Scripts, Inc. (Class A) (a)..... 145 12,151
Health Net, Inc. (a).................... 130 6,702
Humana, Inc. (a)........................ 185 10,051
Lincare Holdings, Inc. (a).............. 115 4,820
Manor Care, Inc. ....................... 100 3,977
Medco Health Solutions, Inc. (a)........ 350 19,530
Omnicare, Inc. ......................... 120 6,866
UnitedHealth Group, Inc. ............... 1,567 97,373
WellPoint, Inc. (a)..................... 723 57,702
-----------
261,775
-----------
</Table>
See accompanying notes to financial statements.
60
STREETTRACKS DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 3.2%
Bausch & Lomb, Inc. .................... 60 $ 4,074
Beckman Coulter, Inc. .................. 70 3,983
Becton, Dickinson & Co. ................ 275 16,522
Biomet, Inc. ........................... 270 9,874
Boston Scientific Corp. (a)............. 690 16,898
C.R. Bard, Inc. ........................ 120 7,910
Covance, Inc. (a)....................... 70 3,399
Cytyc Corp. (a)......................... 130 3,670
Dade Behring Holdings, Inc. ............ 105 4,294
Dentsply International, Inc. ........... 80 4,295
Guidant Corp. .......................... 370 23,958
Henry Schein, Inc. (a).................. 100 4,364
Hillenbrand Industries, Inc. ........... 65 3,212
Johnson & Johnson....................... 3,422 205,662
Kinetic Concepts, Inc. (a).............. 60 2,386
Medtronic, Inc. ........................ 1,392 80,137
St. Jude Medical, Inc. (a).............. 410 20,582
Stryker Corp. .......................... 320 14,218
The Cooper Cos., Inc. .................. 50 2,565
Varian Medical Systems, Inc. (a)........ 157 7,903
Zimmer Holdings, Inc. (a)............... 285 19,220
-----------
459,126
-----------
HEALTH CARE (SPECIAL SERVICES) -- 0.2%
DaVita, Inc. (a)........................ 115 5,824
IMS Health, Inc. ....................... 270 6,728
Laboratory Corp. of America Holdings
(a)................................... 155 8,347
Quest Diagnostics, Inc. ................ 180 9,266
-----------
30,165
-----------
HOMEBUILDING -- 0.4%
Centex Corp. ........................... 142 10,152
D.R. Horton, Inc. ...................... 315 11,255
Hovnanian Enterprises, Inc. (a)......... 40 1,986
KB HOME................................. 90 6,539
Lennar Corp. (Class A).................. 155 9,458
NVR, Inc. (a)........................... 5 3,510
Pulte Homes, Inc. ...................... 245 9,643
Ryland Group, Inc. ..................... 55 3,967
Toll Brothers, Inc. (a)................. 125 4,330
-----------
60,840
-----------
HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.2%
Harman International Industries,
Inc. ................................. 75 7,339
Leggett & Platt, Inc. .................. 220 5,051
Mohawk Industries, Inc. (a)............. 60 5,219
Whirlpool Corp. ........................ 75 6,282
-----------
23,891
-----------
HOUSEHOLD PRODUCTS (NON-DURABLE) -- 2.3%
Colgate-Palmolive Co. .................. 605 33,184
Energizer Holdings, Inc. (a)............ 80 3,983
Fortune Brands, Inc. ................... 170 13,263
Kimberly-Clark Corp. ................... 555 33,106
Newell Rubbermaid, Inc. ................ 315 7,491
Procter & Gamble Co. ................... 3,887 224,980
The Clorox Co. ......................... 177 10,069
-----------
326,076
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
INSURANCE (FINANCIAL GUARANTEE) -- 0.3%
Ambac Financial Group, Inc. ............ 125 $ 9,632
MBIA, Inc. ............................. 155 9,325
MGIC Investment Corp. .................. 110 7,240
PMI Group, Inc. ........................ 110 4,518
Radian Group, Inc. ..................... 100 5,859
-----------
36,574
-----------
INSURANCE (LIFE/HEALTH) -- 1.0%
AFLAC, Inc. ............................ 580 26,924
CIGNA Corp. ............................ 152 16,978
Conseco, Inc. (a)....................... 175 4,055
Jefferson-Pilot Corp. .................. 155 8,824
Lincoln National Corp. ................. 202 10,712
Nationwide Financial Services, Inc.
(Class A)............................. 100 4,400
Principal Financial Group, Inc. ........ 340 16,126
Protective Life Corp. .................. 75 3,283
Prudential Financial, Inc. ............. 600 43,914
Torchmark Corp. ........................ 122 6,783
UnumProvident Corp. .................... 342 7,781
-----------
149,780
-----------
INSURANCE (MULTI-LINE) -- 2.5%
ACE, Ltd. .............................. 330 17,635
American International Group, Inc. ..... 2,625 179,104
Assurant, Inc. ......................... 135 5,871
Cincinnati Financial Corp. ............. 175 7,819
CNA Financial Corp. (a)................. 40 1,309
Genworth Financial, Inc. (Class A)...... 460 15,907
Leucadia National Corp. ................ 95 4,509
Loews Corp. ............................ 145 13,753
MetLife, Inc. .......................... 470 23,030
Old Republic International Corp. ....... 197 5,173
The Allstate Corp. ..................... 775 41,904
The Hartford Financial Services Group,
Inc. ................................. 340 29,203
Unitrin, Inc. .......................... 50 2,253
XL Capital, Ltd. (Class A).............. 200 13,476
-----------
360,946
-----------
INSURANCE (PROPERTY/CASUALTY) -- 0.8%
Chubb Corp. ............................ 220 21,483
Fidelity National Financial, Inc. ...... 175 6,438
Fidelity National Title Group, Inc. .... 30 731
First American Corp. ................... 95 4,304
Markel Corp. (a)........................ 10 3,171
SAFECO Corp. ........................... 145 8,192
The Progressive Corp. .................. 200 23,356
The St. Paul Travelers Cos., Inc. ...... 770 34,396
White Mountains Insurance Group,
Ltd. ................................. 10 5,585
WR Berkley Corp. ....................... 125 5,952
-----------
113,608
-----------
INSURANCE BROKERS -- 0.3%
Aon Corp. .............................. 300 10,785
Arthur J. Gallagher & Co. .............. 105 3,242
Brown & Brown, Inc. .................... 130 3,970
Marsh & McLennan Cos., Inc. ............ 605 19,215
-----------
37,212
-----------
</Table>
See accompanying notes to financial statements.
61
STREETTRACKS DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
INVESTMENT BANKING/BROKERAGE -- 2.0%
AG Edwards, Inc. ....................... 90 $ 4,217
Ameritrade Holding Corp. (a)............ 315 7,560
E*TRADE Financial Corp. (a)............. 425 8,866
Goldman Sachs Group, Inc. .............. 475 60,662
Lehman Brothers Holdings, Inc. ......... 320 41,014
Merrill Lynch & Co., Inc. .............. 982 66,511
Morgan Stanley.......................... 1,140 64,684
The Bear Stearns Cos., Inc. ............ 125 14,441
The Charles Schwab Corp. ............... 1,280 18,778
-----------
286,733
-----------
INVESTMENT MANAGEMENT -- 0.5%
Ameriprise Financial, Inc. ............. 255 10,455
BlackRock, Inc. ........................ 15 1,627
Eaton Vance Corp. ...................... 155 4,241
Federated Investors, Inc. .............. 110 4,074
Franklin Resources, Inc. ............... 160 15,042
Janus Capital Group, Inc. .............. 260 4,844
Legg Mason, Inc. ....................... 125 14,961
T. Rowe Price Group, Inc. .............. 150 10,805
-----------
66,049
-----------
LEISURE TIME (PRODUCTS) -- 0.4%
Brunswick Corp. ........................ 110 4,473
Carnival Corp. ......................... 490 26,200
Eastman Kodak Co. ...................... 330 7,722
Hasbro, Inc. ........................... 180 3,632
International Speedway Corp. (Class
A).................................... 40 1,916
Mattel, Inc. ........................... 475 7,515
Polaris Industries, Inc. ............... 50 2,510
Royal Caribbean Cruises, Ltd. .......... 150 6,759
-----------
60,727
-----------
LODGING (HOTELS) -- 0.3%
Hilton Hotels Corp. .................... 415 10,006
Marriott International, Inc. (Class
A).................................... 220 14,733
Starwood Hotels & Resorts Worldwide,
Inc. (Class B)........................ 250 15,965
Wynn Resorts, Ltd. (a).................. 80 4,388
-----------
45,092
-----------
MACHINERY (DIVERSIFIED) -- 0.8%
Caterpillar, Inc. ...................... 785 45,350
Danaher Corp. .......................... 295 16,455
Deere & Co. ............................ 285 19,411
Dover Corp. ............................ 235 9,515
Eaton Corp. ............................ 175 11,741
Graco, Inc. ............................ 80 2,918
Joy Global, Inc. ....................... 135 5,400
-----------
110,790
-----------
MANUFACTURING (DIVERSIFIED) -- 4.8%
3M Co. ................................. 812 62,930
AMETEK, Inc. ........................... 80 3,403
General Electric Co. ................... 12,209 427,926
Honeywell International, Inc. .......... 900 33,525
Illinois Tool Works, Inc. .............. 290 25,517
Ingersoll-Rand Co., Ltd. (Class A)...... 390 15,744
ITT Industries, Inc. ................... 105 10,796
Johnson Controls, Inc. ................. 220 16,040
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Parker-Hannifin Corp. .................. 140 $ 9,234
Pentair, Inc. .......................... 115 3,970
Roper Industries, Inc. ................. 100 3,951
SPX Corp. .............................. 90 4,119
Textron, Inc. .......................... 130 10,008
Tyco International, Ltd. ............... 2,330 67,244
-----------
694,407
-----------
MANUFACTURING (SPECIALIZED) -- 0.1%
Donaldson Co., Inc. .................... 85 2,703
Jabil Circuit, Inc. (a)................. 205 7,603
Pall Corp. ............................. 145 3,895
Zebra Technologies Corp. (Class A)
(a)................................... 85 3,642
-----------
17,843
-----------
METAL FABRICATORS -- 0.1%
Precision Castparts Corp. .............. 150 7,772
-----------
METALS MINING -- 0.4%
Alcoa, Inc. ............................ 1,005 29,718
Freeport-McMoRan Copper & Gold, Inc. ... 205 11,029
Phelps Dodge Corp. ..................... 110 15,826
Southern Copper Corp. .................. 40 2,679
-----------
59,252
-----------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 0.6%
El Paso Corp. .......................... 710 8,634
Enterprise Products Partners LP......... 235 5,642
Equitable Resources, Inc. .............. 135 4,953
KeySpan Corp. .......................... 185 6,603
Kinder Morgan, Inc. .................... 116 10,666
NiSource, Inc. ......................... 310 6,467
ONEOK, Inc. ............................ 110 2,929
Questar Corp. .......................... 97 7,343
Sempra Energy........................... 235 10,537
TEPPCO Partners LP...................... 80 2,787
The Williams Cos., Inc. ................ 640 14,829
-----------
81,390
-----------
OFFICE EQUIPMENT & SUPPLIES -- 0.2%
Pitney Bowes, Inc. ..................... 265 11,196
Xerox Corp. (a)......................... 1,097 16,071
-----------
27,267
-----------
OIL & GAS (DRILLING & EQUIPMENT) -- 1.9%
Baker Hughes, Inc. ..................... 385 23,400
BJ Services Co. ........................ 370 13,568
Cooper Cameron Corp. (a)................ 130 5,382
Diamond Offshore Drilling, Inc. ........ 70 4,869
ENSCO International, Inc. .............. 175 7,761
GlobalSantaFe Corp. .................... 250 12,037
Grant Prideco, Inc. (a)................. 140 6,177
Halliburton Co. ........................ 580 35,937
Nabors Industries, Ltd. (a)............. 180 13,635
National-Oilwell Varco, Inc. (a)........ 200 12,540
Noble Corp. ............................ 150 10,581
Patterson-UTI Energy, Inc. ............. 190 6,261
Pride International, Inc. (a)........... 180 5,535
Rowan Cos., Inc. ....................... 125 4,455
Schlumberger, Ltd. ..................... 680 66,062
Smith International, Inc. .............. 245 9,092
</Table>
See accompanying notes to financial statements.
62
STREETTRACKS DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Transocean, Inc. (a).................... 370 $ 25,785
Weatherford International, Ltd. (a)..... 380 13,756
-----------
276,833
-----------
OIL & GAS (EXPLORATION/PRODUCTS) -- 1.7%
Anadarko Petroleum Corp. ............... 260 24,635
Apache Corp. ........................... 377 25,832
Burlington Resources, Inc. ............. 445 38,359
Chesapeake Energy Corp. ................ 360 11,423
Devon Energy Corp. ..................... 512 32,020
EOG Resources, Inc. .................... 275 20,177
Kerr-McGee Corp. ....................... 120 10,903
Murphy Oil Corp. ....................... 200 10,798
Newfield Exploration Co. (a)............ 145 7,260
Noble Energy, Inc. ..................... 200 8,060
Pioneer Natural Resources Co. .......... 165 8,459
Plains Exploration & Production Co.
(a)................................... 90 3,576
Pogo Producing Co. ..................... 65 3,238
Southwestern Energy Co. (a)............. 190 6,829
Ultra Petroleum Corp. (a)............... 175 9,765
XTO Energy, Inc. ....................... 400 17,576
-----------
238,910
-----------
OIL & GAS (REFINING & MARKETING) -- 0.0% (C)
Tesoro Petroleum Corp. ................. 75 4,616
-----------
OIL (INTEGRATED) -- 5.3%
Amerada Hess Corp. ..................... 95 12,048
Chevron Corp. .......................... 2,592 147,148
ConocoPhillips.......................... 1,460 84,942
Exxon Mobil Corp. ...................... 7,329 411,670
Marathon Oil Corp. ..................... 420 25,607
Occidental Petroleum Corp. ............. 460 36,745
Sunoco, Inc. ........................... 160 12,541
Valero Energy Corp. .................... 700 36,120
-----------
766,821
-----------
PAPER & FOREST PRODUCTS -- 0.1%
Weyerhaeuser Co. ....................... 275 18,243
-----------
PAPER & RELATED PRODUCTS -- 0.3%
International Paper Co. ................ 565 18,990
Louisiana-Pacific Corp. ................ 120 3,296
MeadWestvaco Corp. ..................... 235 6,587
Smurfit-Stone Container Corp. (a)....... 290 4,109
Temple-Inland, Inc. .................... 130 5,831
-----------
38,813
-----------
PERSONAL & HOUSEHOLD GOODS -- 0.2%
Alberto-Culver Co. ..................... 95 4,346
Avon Products, Inc. .................... 540 15,417
The Estee Lauder Cos., Inc. (Class A)... 155 5,190
-----------
24,953
-----------
POWER PRODUCERS (INDEPENDENT) -- 0.1%
NRG Energy, Inc. (a).................... 100 4,712
Reliant Energy, Inc. (a)................ 345 3,560
-----------
8,272
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
PUBLISHING -- 0.2%
Dex Media, Inc. ........................ 130 $ 3,521
Meredith Corp. ......................... 55 2,879
The McGraw-Hill Cos., Inc. ............. 430 22,201
-----------
28,601
-----------
PUBLISHING (NEWSPAPERS) -- 0.3%
Gannett Co., Inc. ...................... 285 17,262
Knight Ridder, Inc. .................... 90 5,697
The New York Times Co. (Class A)........ 170 4,497
The Washington Post Co. ................ 5 3,825
Tribune Co. ............................ 240 7,262
-----------
38,543
-----------
RAILROADS -- 0.6%
Burlington Northern Santa Fe Corp. ..... 435 30,807
CSX Corp. .............................. 245 12,438
Norfolk Southern Corp. ................. 460 20,622
Union Pacific Corp. .................... 300 24,153
-----------
88,020
-----------
REAL ESTATE INVESTMENT TRUST -- 1.4%
AMB Property Corp. ..................... 95 4,671
Apartment Investment & Management Co.
(Class A)............................. 110 4,166
Archstone-Smith Trust................... 230 9,635
Avalonbay Communities, Inc. ............ 85 7,586
Boston Properties, Inc. ................ 125 9,266
Developers Diversified Realty Corp. .... 125 5,877
Duke Realty Corp. ...................... 165 5,511
Equity Office Properties Trust.......... 470 14,255
Equity Residential...................... 322 12,597
Forest City Enterprises, Inc. .......... 70 2,655
General Growth Properties, Inc. ........ 255 11,982
Health Care Property Investors Inc. .... 155 3,962
Hospitality Properties Trust............ 75 3,008
Host Marriott Corp. .................... 375 7,106
iStar Financial, Inc. .................. 130 4,634
Kimco Realty Corp. ..................... 245 7,860
Liberty Property Trust.................. 97 4,156
Macerich Co. ........................... 70 4,700
Mack-Cali Realty Corp. ................. 70 3,024
Mills Corp. ............................ 60 2,516
New Plan Excel Realty Trust............. 120 2,782
Plum Creek Timber Co., Inc. ............ 210 7,570
ProLogis................................ 275 12,848
Public Storage, Inc. ................... 100 6,772
Regency Centers Corp. .................. 70 4,127
Simon Property Group, Inc. ............. 255 19,541
The St. Joe Co. ........................ 80 5,378
United Dominion Realty Trust, Inc. ..... 152 3,563
Vornado Realty Trust.................... 150 12,520
Weingarten Realty Investors............. 90 3,403
-----------
207,671
-----------
REINSURANCE -- 0.7%
Berkshire Hathaway, Inc. (Class A)
(a)................................... 1 88,620
Everest Re Group, Ltd. ................. 65 6,523
-----------
95,143
-----------
</Table>
See accompanying notes to financial statements.
63
STREETTRACKS DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
RESTAURANTS -- 0.8%
Brinker International, Inc. ............ 100 $ 3,866
Darden Restaurants, Inc. ............... 170 6,609
McDonald's Corp. ....................... 1,460 49,231
Outback Steakhouse, Inc. ............... 85 3,537
Starbucks Corp. (a)..................... 920 27,609
Wendy's International, Inc. ............ 130 7,184
Yum! Brands, Inc. ...................... 335 15,705
-----------
113,741
-----------
RETAIL -- 0.3%
Albertson's, Inc. ...................... 365 7,793
Safeway, Inc. .......................... 515 12,185
The Kroger Co. (a)...................... 840 15,859
Whole Foods Market, Inc. ............... 150 11,608
-----------
47,445
-----------
RETAIL (BUILDING SUPPLIES) -- 1.1%
Lowe's Cos., Inc. ...................... 807 53,795
The Home Depot, Inc. ................... 2,470 99,985
The Sherwin-Williams Co. ............... 135 6,132
-----------
159,912
-----------
RETAIL (COMPUTERS & ELECTRONICS) -- 0.2%
Best Buy Co,. Inc. ..................... 457 19,870
Circuit City Stores, Inc. .............. 220 4,970
RadioShack Corp. ....................... 155 3,260
-----------
28,100
-----------
RETAIL (DEPARTMENT STORES) -- 0.4%
Federated Department Stores, Inc. ...... 305 20,231
J. C. Penney Co., Inc. ................. 275 15,290
Kohl's Corp. (a)........................ 350 17,010
Nordstrom, Inc. ........................ 265 9,911
-----------
62,442
-----------
RETAIL (DISCOUNTERS) -- 0.3%
Costco Wholesale Corp. ................. 530 26,219
Dollar General Corp. ................... 342 6,522
Dollar Tree Stores, Inc. (a)............ 125 2,993
Family Dollar Stores, Inc. ............. 180 4,462
-----------
40,196
-----------
RETAIL (GENERAL MERCHANDISING CHAIN) -- 1.4%
Sears Holdings Corp. (a)................ 115 13,286
Target Corp. ........................... 925 50,847
Wal-Mart Stores, Inc. .................. 2,972 139,090
-----------
203,223
-----------
RETAIL (SPECIALTY APPAREL) -- 0.5%
Abercrombie & Fitch Co. ................ 100 6,518
American Eagle Outfitters, Inc. ........ 140 3,217
Chico's FAS, Inc. (a)................... 205 9,006
Foot Locker, Inc. ...................... 180 4,246
Limited Brands.......................... 395 8,828
Ross Stores, Inc. ...................... 170 4,913
The Gap, Inc. .......................... 735 12,965
The TJX Cos., Inc. ..................... 555 12,893
Urban Outfitters, Inc. (a).............. 132 3,341
-----------
65,927
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
RETAIL (SPECIALTY) -- 0.7%
Advance Auto Parts, Inc. (a)............ 130 $ 5,650
Amazon.com, Inc. (a).................... 342 16,125
AutoNation, Inc. (a).................... 225 4,889
AutoZone, Inc. (a)...................... 65 5,964
Barnes & Noble, Inc. ................... 65 2,774
Bed Bath & Beyond, Inc. (a)............. 345 12,472
CarMax, Inc. (a)........................ 120 3,322
Michaels Stores, Inc. .................. 155 5,482
O'Reilly Automotive, Inc. (a)........... 130 4,161
Office Depot, Inc. (a).................. 360 11,304
PETsMART, Inc. ......................... 165 4,234
Staples, Inc. .......................... 855 19,417
Tiffany & Co. .......................... 167 6,394
Williams-Sonoma, Inc. (a)............... 105 4,531
-----------
106,719
-----------
RETAIL STORES (DRUG STORE) -- 0.7%
Caremark Rx, Inc. (a)................... 525 27,190
CVS Corp. .............................. 932 24,623
Walgreen Co. ........................... 1,177 52,094
-----------
103,907
-----------
SAVINGS & LOAN COMPANIES -- 0.7%
Astoria Financial Corp. ................ 115 3,381
Golden West Financial Corp. ............ 352 23,232
Hudson City Bancorp, Inc. .............. 690 8,363
Independence Community Bank Corp. ...... 90 3,576
New York Community Bancorp, Inc. ....... 275 4,543
People's Bank........................... 70 2,174
Sovereign Bancorp, Inc. ................ 430 9,297
Washington Mutual, Inc. ................ 1,147 49,894
-----------
104,460
-----------
SERVICES (ADVERTISING/MARKETING) -- 0.2%
Clear Channel Outdoor Holdings, Inc.
(a)................................... 40 802
Getty Images, Inc. (a).................. 55 4,910
Lamar Advertising Co. (a)............... 95 4,383
Omnicom Group, Inc. .................... 210 17,878
The Interpublic Group of Cos., Inc.
(a)................................... 485 4,680
-----------
32,653
-----------
SERVICES (COMMERCIAL & CONSUMER) -- 1.2%
Accenture, Ltd. (Class A)............... 630 18,188
Apollo Group, Inc. (a).................. 175 10,580
Aramark Corp. .......................... 135 3,750
Avery Dennison Corp. ................... 110 6,080
Career Education Corp. (a).............. 120 4,046
CCE Spinco, Inc (a)..................... 73 956
Cendant Corp. .......................... 1,212 20,907
Checkfree Corp. (a)..................... 75 3,443
ChoicePoint, Inc. (a)................... 100 4,451
Cintas Corp. ........................... 160 6,589
Equifax, Inc. .......................... 155 5,893
Fastenal Co. ........................... 160 6,270
H&R Block, Inc. ........................ 352 8,642
Ingram Micro, Inc. (Class A) (a)........ 145 2,890
Iron Mountain, Inc. (a)................. 125 5,278
Moody's Corp. .......................... 295 18,119
Paychex, Inc. .......................... 390 14,867
R.R. Donnelley & Sons Co. .............. 250 8,553
</Table>
See accompanying notes to financial statements.
64
STREETTRACKS DJ WILSHIRE LARGE CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Sabre Holdings Corp.(Class A)........... 160 $ 3,858
The Service Master Co. ................. 335 4,003
VeriSign, Inc. (a)...................... 295 6,466
Weight Watchers International, Inc.
(a)................................... 45 2,224
-----------
166,053
-----------
SERVICES (COMPUTER SYSTEMS) -- 0.2%
Cognizant Technology Solutions Corp.
(a)................................... 155 7,804
Computer Sciences Corp. (a)............. 215 10,888
Electronic Data Systems Corp. .......... 585 14,063
-----------
32,755
-----------
SERVICES (DATA PROCESSING) -- 0.6%
Automatic Data Processing, Inc. ........ 670 30,746
Dun & Bradstreet Corp. (a).............. 80 5,357
First Data Corp. ....................... 905 38,924
Fiserv, Inc. (a)........................ 225 9,736
NAVTEQ Corp. (a)........................ 105 4,606
Total System Services, Inc. ............ 45 891
-----------
90,260
-----------
SERVICES (EMPLOYMENT) -- 0.1%
Manpower, Inc. ......................... 105 4,883
Monster Worldwide, Inc. (a)............. 125 5,102
Robert Half International, Inc. ........ 200 7,578
-----------
17,563
-----------
STEEL -- 0.1%
Nucor Corp. ............................ 165 11,009
United States Steel Corp. .............. 130 6,249
-----------
17,258
-----------
TELEPHONE -- 2.8%
ALLTEL Corp. ........................... 410 25,871
AT&T, Inc. ............................. 4,520 110,696
BellSouth Corp. ........................ 2,110 57,181
CenturyTel, Inc. ....................... 145 4,808
Citizens Communications Co. ............ 385 4,709
MCI, Inc. .............................. 325 6,412
NTL, Inc. (a)........................... 90 6,127
Qwest Communications International, Inc.
(a)................................... 1,710 9,661
Sprint Nextel Corp. .................... 3,377 78,887
Telephone & Data Systems, Inc. ......... 120 4,324
Verizon Communications, Inc. ........... 3,185 95,932
-----------
404,608
-----------
TEXTILES (APPAREL) -- 0.2%
Coach, Inc. (a)......................... 440 14,669
Jones Apparel Group, Inc. .............. 140 4,301
Liz Claiborne, Inc. .................... 125 4,477
Polo Ralph Lauren Corp. ................ 70 3,930
V. F. Corp. ............................ 105 5,811
-----------
33,188
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
TOBACCO -- 1.4%
Altria Group, Inc. ..................... 2,385 $ 178,207
Reynolds American, Inc. ................ 100 9,533
UST, Inc. .............................. 190 7,758
-----------
195,498
-----------
TRANSPORTATION -- 0.1%
Expeditors International Washington,
Inc. ................................. 125 8,439
-----------
TRUCKING -- 0.7%
C.H. Robinson Worldwide, Inc. .......... 195 7,221
FedEx Corp. ............................ 325 33,602
J.B. Hunt Transport Services, Inc. ..... 145 3,283
United Parcel Service, Inc. (Class B)... 660 49,599
YRC Worldwide, Inc (a).................. 65 2,899
-----------
96,604
-----------
TRUCKS & PARTS -- 0.1%
Cummins, Inc. .......................... 45 4,038
Navistar International Corp. (a)........ 70 2,003
PACCAR, Inc. ........................... 200 13,846
-----------
19,887
-----------
WASTE MANAGEMENT -- 0.2%
Republic Services, Inc. ................ 140 5,257
Waste Management, Inc. ................. 655 19,879
-----------
25,136
-----------
TOTAL COMMON STOCKS -- (Cost
$14,157,127).......................... 14,328,740
-----------
SHORT TERM INVESTMENTS -- 0.2%
MONEY MARKET FUND -- 0.2%
AIM Short Term Investment Class Prime
Fund (Cost $26,077)................... 26,077 26,077
-----------
TOTAL INVESTMENTS -- 99.9%
(Cost $14,183,204).................... 14,354,817
OTHER ASSETS AND LIABILITIES -- 0.1% 13,975
-----------
NET ASSETS -- 100.0%.................... $14,368,792
===========
(a) Non-income producing security
(b) Affiliated Issuer (Note 3)
(c) Amount shown represents less than 0.005% of
net assets.
</Table>
See accompanying notes to financial statements.
65
STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.8%
AEROSPACE/DEFENSE -- 2.2%
Alliant Techsystems, Inc. (a)........ 904 $ 68,858
General Dynamics Corp. .............. 4,030 459,622
L-3 Communications Holdings, Inc. ... 2,812 209,072
Lockheed Martin Corp. ............... 8,385 533,538
Raytheon Co. ........................ 10,872 436,511
Rockwell Collins, Inc. .............. 3,873 179,978
United Technologies Corp. ........... 22,750 1,271,952
------------
3,159,531
------------
AIRLINES -- 0.2%
Southwest Airlines Co. .............. 17,086 280,723
------------
AUTO PARTS & EQUIPMENT -- 0.1%
BorgWarner, Inc. .................... 1,337 81,062
Gentex Corp. ........................ 3,735 72,833
------------
153,895
------------
AUTOMOBILES & PARTS -- 0.2%
Harley-Davidson, Inc. ............... 6,590 339,319
------------
BANKS (MAJOR REGIONAL) -- 0.9%
U.S. Bancorp......................... 43,963 1,314,054
------------
BANKS (REGIONAL) -- 0.1%
Commerce Bancorp, Inc. .............. 3,854 132,616
------------
BEVERAGES (ALCOHOLIC) -- 0.6%
Anheuser-Busch Cos., Inc. ........... 18,737 804,941
Constellation Brands, Inc. (Class A)
(a)................................ 4,620 121,183
------------
926,124
------------
BEVERAGES (NON-ALCOHOLIC) -- 1.7%
PepsiCo, Inc. ....................... 40,186 2,374,189
The Pepsi Bottling Group, Inc. ...... 3,716 106,315
------------
2,480,504
------------
BIOTECHNOLOGY -- 4.0%
Amgen, Inc. (a)...................... 29,913 2,358,939
Biogen Idec, Inc. (a)................ 8,157 369,757
Celgene Corp. (a).................... 3,992 258,682
Charles River Laboratories
International, Inc. (a)............ 1,770 74,995
Chiron Corp. (a)..................... 2,655 118,041
Genentech, Inc. (a).................. 11,205 1,036,462
Genzyme Corp. (a).................... 6,250 442,375
Gilead Sciences, Inc. (a)............ 10,972 577,456
ImClone Systems, Inc. (a)............ 1,632 55,880
Invitrogen Corp. (a)................. 1,318 87,832
MedImmune, Inc. (a).................. 5,957 208,614
Millennium Pharmaceuticals, Inc.
(a)................................ 7,432 72,090
Millipore Corp. (a).................. 1,199 79,182
------------
5,740,305
------------
BROADCASTING (TV, RADIO & CABLE) -- 3.2%
Cablevision Systems New York Group
(Class A) (a)...................... 4,305 101,038
Clear Channel Communications,
Inc. .............................. 11,815 371,582
Comcast Corp. (Class A) (a).......... 49,581 1,287,123
EchoStar Communications Corp. (Class
A) (a)............................. 5,210 141,556
EW Scripps Co. ...................... 1,965 94,359
Liberty Global, Inc. (Class A) (a)... 11,443 257,468
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Liberty Media Corp. (a).............. 67,414 $ 530,548
News Corp. (Class A)................. 59,388 923,483
Sirius Satellite Radio, Inc. (a)..... 28,962 194,045
The DIRECTV Group, Inc. (a).......... 22,139 312,603
Univision Communications, Inc. (a)... 6,114 179,691
XM Satellite Radio Holdings, Inc.
(Class A)(a)....................... 5,348 145,893
------------
4,539,389
------------
BUILDING MATERIALS -- 0.1%
American Standard Cos., Inc. ........ 4,325 172,784
------------
CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.5%
American Tower Corp. (a)............. 9,673 262,138
Crown Castle International Corp.
(a)................................ 5,486 147,628
Nextel Partners, Inc. (a)............ 3,704 103,490
NII Holdings, Inc. (a)............... 3,321 145,061
US Cellular Corp. (a)................ 314 15,512
------------
673,829
------------
CHEMICALS (DIVERSIFIED) -- 0.6%
Monsanto Co. ........................ 6,426 498,208
Praxair, Inc. ....................... 7,865 416,530
------------
914,738
------------
CHEMICALS (SPECIALTY) -- 0.3%
Bunge, Ltd. ......................... 2,674 151,375
Ecolab, Inc. ........................ 4,463 161,873
Sigma-Aldrich Corp. ................. 1,475 93,353
The Mosaic Co. (a)................... 3,088 45,177
------------
451,778
------------
COAL -- 0.3%
Arch Coal, Inc. ..................... 1,494 118,773
Peabody Energy Corp. ................ 3,126 257,645
------------
376,418
------------
COMMUNICATIONS EQUIPMENT -- 1.9%
Avaya, Inc. (a)...................... 10,853 115,801
Corning, Inc. (a).................... 36,707 721,660
QUALCOMM, Inc. ...................... 39,644 1,707,863
Scientific-Atlanta, Inc. ............ 3,697 159,230
------------
2,704,554
------------
COMPUTER SOFTWARE/SERVICES -- 9.4%
Activision, Inc. (a)................. 6,409 88,060
Adobe Systems, Inc. ................. 14,529 536,992
Affiliated Computer Services, Inc.
(a)................................ 2,969 175,705
Autodesk, Inc. ...................... 5,524 237,256
BEA Systems, Inc. (a)................ 9,358 87,965
Ceridian Corp. (a)................... 3,578 88,913
Citrix Systems, Inc. (a)............. 4,030 115,983
Diebold, Inc. ....................... 1,770 67,260
DST Systems, Inc. (a)................ 1,494 89,506
eBay, Inc. (a)....................... 25,152 1,087,824
Electronic Arts, Inc. (a)............ 7,229 378,149
Expedia, Inc. (a).................... 6,963 166,834
Google, Inc. (a)..................... 4,855 2,014,145
IAC/InterActiveCorp (a).............. 6,963 197,123
Intuit, Inc. (a)..................... 3,958 210,961
McAfee, Inc. (a)..................... 4,035 109,470
Mercury Interactive Corp. (a)........ 2,065 57,386
</Table>
See accompanying notes to financial statements.
66
STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Microsoft Corp. ..................... 229,121 $ 5,991,514
Pixar (a)............................ 1,356 71,488
Symantec Corp. (a)................... 28,796 503,930
Yahoo!, Inc. (a)..................... 32,058 1,256,033
------------
13,532,497
------------
COMPUTERS (HARDWARE) -- 4.3%
Apple Computer, Inc. (a)............. 20,257 1,456,276
Dell, Inc. (a)....................... 52,732 1,581,433
International Business Machines
Corp. ............................. 38,616 3,174,235
------------
6,211,944
------------
COMPUTERS (NETWORKING) -- 2.1%
Cisco Systems, Inc. (a).............. 159,416 2,729,202
Juniper Networks, Inc. (a)........... 13,143 293,089
------------
3,022,291
------------
COMPUTERS (PERIPHERALS) -- 1.0%
EMC Corp. (a)........................ 57,521 783,436
Lexmark International, Inc. (a)...... 2,882 129,200
Network Appliance, Inc. (a).......... 8,809 237,843
SanDisk Corp. (a).................... 4,325 271,697
------------
1,422,176
------------
CONSUMER FINANCE -- 1.9%
American Express Co. ................ 26,646 1,371,203
AmeriCredit Corp. (a)................ 3,559 91,217
Capital One Financial Corp. ......... 7,183 620,611
MBNA Corp. .......................... 3,000 81,450
SLM Corp. ........................... 10,172 560,376
Student Loan Corp. .................. 138 28,874
------------
2,753,731
------------
CONTAINERS (METALS & GLASS) -- 0.1%
Ball Corp. .......................... 2,498 99,220
Crown Holdings, Inc. (a)............. 4,011 78,335
------------
177,555
------------
CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.1%
Pactiv Corp. (a)..................... 3,597 79,134
------------
DISTRIBUTORS (FOOD & HEALTH) -- 1.3%
AmerisourceBergen Corp. ............. 5,072 209,981
Cardinal Health, Inc. ............... 10,412 715,825
McKesson Corp. ...................... 6,744 347,923
Patterson Cos., Inc. (a)............. 2,812 93,921
Sysco Corp. ......................... 14,886 462,210
------------
1,829,860
------------
ELECTRIC UTILITIES -- 0.2%
The AES Corp. (a).................... 15,630 247,423
------------
ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.2%
CDW Corp. ........................... 1,613 92,860
Jabil Circuit, Inc. (a).............. 4,306 159,710
Sanmina-SCI Corp. (a)................ 12,623 53,774
------------
306,344
------------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
ELECTRONICS (INSTRUMENT) -- 0.4%
Amphenol Corp. (Class A)............. 2,084 $ 92,238
Fisher Scientific International, Inc.
(a)................................ 3,012 186,322
Garmin, Ltd. ........................ 1,356 89,971
Thermo Electron Corp. (a)............ 3,873 116,693
Waters Corp. (a)..................... 2,831 107,012
------------
592,236
------------
ELECTRONICS (SEMICONDUCTORS) -- 2.7%
Altera Corp. (a)..................... 8,945 165,751
Analog Devices, Inc. ................ 9,010 323,189
Broadcom Corp. (Class A) (a)......... 6,546 308,644
International Rectifier Corp. (a).... 1,632 52,061
Linear Technology Corp. ............. 7,425 267,820
Marvell Technology Group, Ltd. (a)... 5,362 300,754
Maxim Integrated Products, Inc. ..... 7,886 285,788
Microchip Technology, Inc. .......... 4,934 158,628
National Semiconductor Corp. ........ 8,455 219,661
NVIDIA Corp. (a)..................... 3,873 141,597
QLogic Corp. (a)..................... 2,084 67,751
Texas Instruments, Inc. ............. 41,038 1,316,089
Xilinx, Inc. ........................ 8,416 212,167
------------
3,819,900
------------
ENGINEERING & CONSTRUCTION -- 0.2%
Fluor Corp. ......................... 2,065 159,542
Jacobs Engineering Group, Inc. (a)... 1,337 90,742
------------
250,284
------------
ENTERTAINMENT -- 1.3%
Time Warner, Inc. ................... 106,246 1,852,930
------------
EQUIPMENT (SEMICONDUCTORS) -- 0.8%
Applied Materials, Inc. ............. 39,005 699,750
KLA-Tencor Corp. .................... 4,751 234,367
Lam Research Corp. (a)............... 3,402 121,383
Novellus Systems, Inc. (a)........... 3,402 82,056
------------
1,137,556
------------
FINANCIAL (DIVERSIFIED) -- 0.9%
Chicago Mercantile Exchange Holdings,
Inc. .............................. 650 238,869
Countrywide Financial Corp. ......... 14,293 488,678
SEI Investments Co. ................. 1,651 61,087
State Street Corp. (b)............... 7,860 435,758
------------
1,224,392
------------
FOOD PRODUCTS -- 0.4%
Dean Foods Co. (a)................... 3,578 134,747
The Hershey Co. ..................... 4,190 231,498
Wm. Wrigley Jr., Co. ................ 3,444 228,992
------------
595,237
------------
FOOTWEAR -- 0.2%
NIKE, Inc. (Class B)................. 4,082 354,277
------------
GAMING & LOTTERY -- 0.7%
Boyd Gaming Corp. ................... 1,061 50,567
GTECH Holdings Corp. (a)............. 2,831 89,856
Harrah's Entertainment, Inc. ........ 4,400 313,676
International Game Technology........ 8,330 256,398
Las Vegas Sands Corp. (a)............ 2,996 118,252
MGM Mirage, Inc. (a)................. 2,999 109,973
</Table>
See accompanying notes to financial statements.
67
STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Penn National Gaming, Inc. (a)....... 1,494 $ 49,227
Station Casinos, Inc. ............... 1,180 80,004
------------
1,067,953
------------
GOLD/PRECIOUS METALS MINING -- 0.4%
Newmont Mining Corp. ................ 10,077 538,112
------------
HAND/MACHINE TOOLS -- 0.1%
Black & Decker Corp. ................ 1,946 169,224
------------
HEALTH CARE (DIVERSIFIED) -- 0.4%
Baxter International, Inc. .......... 14,902 561,060
------------
HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 1.7%
Allergan, Inc. ...................... 3,225 348,171
Barr Pharmaceuticals, Inc. (a)....... 2,203 137,225
Cephalon, Inc. (a)................... 1,356 87,787
Endo Pharmaceuticals Holdings, Inc.
(a)................................ 2,660 80,492
Forest Laboratories, Inc. (a)........ 8,450 343,746
Hospira, Inc. (a).................... 3,735 159,783
IVAX Corp. (a)....................... 5,363 168,023
King Pharmaceuticals, Inc. (a)....... 5,819 98,457
Mylan Laboratories, Inc. ............ 5,229 104,371
Schering-Plough Corp. ............... 35,565 741,530
Sepracor, Inc. (a)................... 2,536 130,858
Watson Pharmaceuticals, Inc. (a)..... 2,674 86,932
------------
2,487,375
------------
HEALTH CARE (HOSPITAL MANAGEMENT) -- 0.6%
Community Health Systems, Inc. (a)... 2,084 79,901
HCA, Inc. ........................... 10,172 513,686
Health Management Associates,
Inc. .............................. 5,524 121,307
Triad Hospitals, Inc. (a)............ 2,084 81,755
Universal Health Services, Inc.
(Class B).......................... 1,337 62,491
------------
859,140
------------
HEALTH CARE (MANAGED CARE) -- 3.8%
Aetna, Inc. ......................... 6,930 653,568
Coventry Health Care, Inc. (a)....... 3,854 219,524
Express Scripts, Inc. (Class A)
(a)................................ 2,988 250,395
Health Net, Inc. (a)................. 2,693 138,824
Humana, Inc. (a)..................... 3,873 210,420
Lincare Holdings, Inc. (a)........... 2,398 100,500
Manor Care, Inc. .................... 2,084 82,881
Medco Health Solutions, Inc. (a)..... 7,299 407,284
Omnicare, Inc. ...................... 2,917 166,911
UnitedHealth Group, Inc. ............ 33,039 2,053,068
WellPoint, Inc. (a).................. 15,135 1,207,603
------------
5,490,978
------------
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 6.7%
Bausch & Lomb, Inc. ................. 1,318 89,492
Beckman Coulter, Inc. ............... 1,494 85,009
Becton, Dickinson & Co. ............. 5,739 344,799
Biomet, Inc. ........................ 5,578 203,987
Boston Scientific Corp. (a).......... 14,398 352,607
C.R. Bard, Inc. ..................... 2,536 167,173
Covance, Inc. (a).................... 1,494 72,534
Cytyc Corp. (a)...................... 2,693 76,023
Dade Behring Holdings, Inc. ......... 2,103 85,992
Dentsply International, Inc. ........ 1,770 95,031
Guidant Corp. ....................... 8,010 518,648
Henry Schein, Inc. (a)............... 2,084 90,946
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Johnson & Johnson.................... 71,898 $ 4,321,070
Kinetic Concepts, Inc. (a)........... 1,199 47,672
Medtronic, Inc. ..................... 29,187 1,680,296
St. Jude Medical, Inc. (a)........... 8,832 443,366
Stryker Corp. ....................... 6,693 297,370
The Cooper Cos., Inc. ............... 1,042 53,455
Varian Medical Systems, Inc. (a)..... 3,283 165,266
Zimmer Holdings, Inc. (a)............ 5,925 399,582
------------
9,590,318
------------
HEALTH CARE (SPECIAL SERVICES) -- 0.4%
DaVita, Inc. (a)..................... 2,398 121,435
IMS Health, Inc. .................... 5,643 140,624
Laboratory Corp. of America Holdings
(a)................................ 3,264 175,766
Quest Diagnostics, Inc. ............. 3,735 192,278
------------
630,103
------------
HOMEBUILDING -- 0.9%
Centex Corp. ........................ 3,069 219,403
D.R. Horton, Inc. ................... 6,566 234,603
Hovnanian Enterprises, Inc. (a)...... 885 43,931
KB HOME.............................. 1,808 131,369
Lennar Corp. (Class A)............... 3,264 199,169
NVR, Inc. (a)........................ 138 96,876
Pulte Homes, Inc. ................... 5,191 204,318
Ryland Group, Inc. .................. 1,180 85,114
Toll Brothers, Inc. (a).............. 2,655 91,969
------------
1,306,752
------------
HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.2%
Harman International Industries,
Inc. .............................. 1,513 148,047
Mohawk Industries, Inc. (a).......... 1,318 114,640
------------
262,687
------------
HOUSEHOLD PRODUCTS (NON-DURABLE) -- 4.2%
Colgate-Palmolive Co. ............... 12,606 691,439
Energizer Holdings, Inc. (a)......... 1,651 82,203
Fortune Brands, Inc. ................ 3,476 271,198
Procter & Gamble Co. ................ 82,541 4,777,473
The Clorox Co. ...................... 3,723 211,802
------------
6,034,115
------------
INSURANCE (LIFE/HEALTH) -- 1.2%
AFLAC, Inc. ......................... 12,081 560,800
Principal Financial Group, Inc. ..... 6,718 318,635
Prudential Financial, Inc. .......... 12,523 916,558
------------
1,795,993
------------
INSURANCE (PROPERTY/CASUALTY) -- 0.7%
Fidelity National Financial, Inc. ... 3,716 136,712
Fidelity National Title Group,
Inc. .............................. 609 14,829
First American Corp. ................ 2,065 93,544
Markel Corp. (a)..................... 224 71,019
The Progressive Corp. ............... 4,152 484,871
White Mountains Insurance Group,
Ltd. .............................. 185 103,332
WR Berkley Corp. .................... 2,674 127,336
------------
1,031,643
------------
INSURANCE BROKERS -- 0.1%
Brown & Brown, Inc. ................. 2,680 81,847
------------
</Table>
See accompanying notes to financial statements.
68
STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
INVESTMENT BANKING/BROKERAGE -- 0.2%
Ameritrade Holding Corp. (a)......... 6,566 $ 157,584
E*TRADE Financial Corp. (a).......... 8,926 186,196
------------
343,780
------------
INVESTMENT MANAGEMENT -- 0.7%
Ameriprise Financial, Inc. .......... 5,355 219,555
BlackRock, Inc. ..................... 314 34,063
Eaton Vance Corp. ................... 3,245 88,783
Franklin Resources, Inc. ............ 3,438 323,206
Legg Mason, Inc. .................... 2,684 321,248
------------
986,855
------------
LEISURE TIME (PRODUCTS) -- 0.1%
International Speedway Corp. (Class
A)................................. 866 41,481
Polaris Industries, Inc. ............ 1,042 52,309
------------
93,790
------------
LODGING (HOTELS) -- 0.7%
Hilton Hotels Corp. ................. 8,750 210,963
Marriott International, Inc. (Class
A)................................. 4,526 303,106
Starwood Hotels & Resorts Worldwide,
Inc. (Class B)..................... 5,269 336,478
Wynn Resorts, Ltd. (a)............... 1,651 90,557
------------
941,104
------------
MACHINERY (DIVERSIFIED) -- 0.4%
Danaher Corp. ....................... 6,195 345,557
Graco, Inc. ......................... 1,651 60,229
Joy Global, Inc. .................... 2,862 114,480
------------
520,266
------------
MANUFACTURING (DIVERSIFIED) -- 1.6%
3M Co. .............................. 17,007 1,318,042
AMETEK, Inc. ........................ 1,651 70,234
Illinois Tool Works, Inc. ........... 6,005 528,380
ITT Industries, Inc. ................ 2,222 228,466
Roper Industries, Inc. .............. 2,084 82,339
------------
2,227,461
------------
MANUFACTURING (SPECIALIZED) -- 0.1%
Donaldson Co., Inc. ................. 1,770 56,286
Zebra Technologies Corp. (Class A)
(a)................................ 1,770 75,845
------------
132,131
------------
METAL FABRICATORS -- 0.1%
Precision Castparts Corp. ........... 3,126 161,958
------------
METALS MINING -- 0.2%
Freeport-McMoRan Copper & Gold,
Inc. .............................. 4,325 232,685
------------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 0.3%
Equitable Resources, Inc. ........... 2,812 103,172
Kinder Morgan, Inc. ................. 2,589 238,059
Questar Corp. ....................... 2,065 156,320
------------
497,551
------------
OIL & GAS (DRILLING & EQUIPMENT) -- 4.1%
Baker Hughes, Inc. .................. 8,233 500,402
BJ Services Co. ..................... 7,746 284,046
Cooper Cameron Corp. (a)............. 2,774 114,844
Diamond Offshore Drilling, Inc. ..... 1,475 102,601
ENSCO International, Inc. ........... 3,697 163,962
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
GlobalSantaFe Corp. ................. 5,229 $ 251,776
Grant Prideco, Inc. (a).............. 2,969 130,992
Halliburton Co. ..................... 12,330 763,967
Nabors Industries, Ltd. (a).......... 3,854 291,940
National-Oilwell Varco, Inc. (a)..... 4,168 261,334
Noble Corp. ......................... 3,145 221,848
Patterson-UTI Energy, Inc. .......... 4,011 132,162
Pride International, Inc. (a)........ 3,854 118,511
Rowan Cos., Inc. .................... 2,536 90,383
Schlumberger, Ltd. .................. 14,209 1,380,404
Smith International, Inc. ........... 5,072 188,222
Transocean, Inc. (a)................. 7,907 551,039
Weatherford International, Ltd.
(a)................................ 8,420 304,804
------------
5,853,237
------------
OIL & GAS (EXPLORATION/PRODUCTS) -- 3.2%
Anadarko Petroleum Corp. ............ 5,367 508,523
Apache Corp. ........................ 7,884 540,212
Burlington Resources, Inc. .......... 9,059 780,886
Chesapeake Energy Corp. ............. 8,151 258,631
Devon Energy Corp. .................. 10,715 670,116
EOG Resources, Inc. ................. 5,785 424,445
Murphy Oil Corp. .................... 4,187 226,056
Newfield Exploration Co. (a)......... 3,007 150,561
Pioneer Natural Resources Co. ....... 3,440 176,369
Plains Exploration & Production Co.
(a)................................ 1,908 75,805
Pogo Producing Co. .................. 1,356 67,542
Southwestern Energy Co. (a).......... 3,892 139,878
Ultra Petroleum Corp. (a)............ 3,716 207,353
XTO Energy, Inc. .................... 8,389 368,613
------------
4,594,990
------------
OIL & GAS (REFINING & MARKETING) -- 0.7%
Sunoco, Inc. ........................ 3,283 257,321
Valero Energy Corp. ................. 14,626 754,702
------------
1,012,023
------------
PERSONAL & HOUSEHOLD GOODS -- 0.3%
Alberto-Culver Co. .................. 1,946 89,029
Avon Products, Inc. ................. 11,078 316,277
------------
405,306
------------
PUBLISHING -- 0.4%
Dex Media, Inc. ..................... 2,674 72,439
The McGraw-Hill Cos., Inc. .......... 9,054 467,458
------------
539,897
------------
PUBLISHING (NEWSPAPERS) -- 0.1%
The Washington Post Co. ............. 138 105,570
------------
RAILROADS -- 0.3%
Norfolk Southern Corp. .............. 9,669 433,461
------------
REAL ESTATE INVESTMENT TRUST -- 0.3%
Forest City Enterprises, Inc. ....... 1,494 56,668
General Growth Properties, Inc. ..... 5,367 252,195
The St. Joe Co. ..................... 1,651 110,980
------------
419,843
------------
REINSURANCE -- 1.5%
Berkshire Hathaway, Inc. (Class A)
(a)................................ 25 2,215,500
------------
</Table>
See accompanying notes to financial statements.
69
STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
RESTAURANTS -- 0.8%
Brinker International, Inc. ......... 2,103 $ 81,302
Darden Restaurants, Inc. ............ 3,359 130,598
Outback Steakhouse, Inc. ............ 1,789 74,440
Starbucks Corp. (a).................. 18,462 554,045
Yum! Brands, Inc. ................... 6,854 321,315
------------
1,161,700
------------
RETAIL -- 0.2%
Whole Foods Market, Inc. ............ 3,026 234,182
------------
RETAIL (BUILDING SUPPLIES) -- 2.2%
Lowe's Cos., Inc. ................... 16,859 1,123,821
The Home Depot, Inc. ................ 52,004 2,105,122
------------
3,228,943
------------
RETAIL (COMPUTERS & ELECTRONICS) -- 0.3%
Best Buy Co,. Inc. .................. 9,528 414,277
------------
RETAIL (DEPARTMENT STORES) -- 0.4%
Kohl's Corp. (a)..................... 7,290 354,294
Nordstrom, Inc. ..................... 5,643 211,048
------------
565,342
------------
RETAIL (DISCOUNTERS) -- 0.6%
Costco Wholesale Corp. .............. 11,449 566,382
Dollar General Corp. ................ 7,156 136,465
Dollar Tree Stores, Inc. (a)......... 2,655 63,561
Family Dollar Stores, Inc. .......... 3,835 95,069
------------
861,477
------------
RETAIL (GENERAL MERCHANDISING CHAIN) -- 3.0%
Sears Holdings Corp. (a)............. 2,387 275,770
Target Corp. ........................ 19,337 1,062,955
Wal-Mart Stores, Inc. ............... 62,540 2,926,872
------------
4,265,597
------------
RETAIL (SPECIALTY APPAREL) -- 0.8%
Abercrombie & Fitch Co. ............. 2,084 135,835
American Eagle Outfitters, Inc. ..... 2,850 65,493
Chico's FAS, Inc. (a)................ 4,306 189,163
Foot Locker, Inc. ................... 3,735 88,109
Ross Stores, Inc. ................... 3,559 102,855
The Gap, Inc. ....................... 15,454 272,608
The TJX Cos., Inc. .................. 11,600 269,468
Urban Outfitters, Inc. (a)........... 2,812 71,172
------------
1,194,703
------------
RETAIL (SPECIALTY) -- 1.4%
Advance Auto Parts, Inc. (a)......... 2,674 116,212
Amazon.com, Inc. (a)................. 7,217 340,282
AutoNation, Inc. (a)................. 4,739 102,978
AutoZone, Inc. (a)................... 1,337 122,670
Bed Bath & Beyond, Inc. (a).......... 7,255 262,268
CarMax, Inc. (a)..................... 2,517 69,671
Michaels Stores, Inc. ............... 3,264 115,448
O'Reilly Automotive, Inc. (a)........ 2,674 85,595
PETsMART, Inc. ...................... 3,440 88,270
Staples, Inc. ....................... 17,942 407,463
Tiffany & Co. ....................... 3,559 136,274
Williams-Sonoma, Inc. (a)............ 2,241 96,699
------------
1,943,830
------------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
RETAIL STORES (DRUG STORE) -- 1.5%
Caremark Rx, Inc. (a)................ 10,834 $ 561,093
CVS Corp. ........................... 19,510 515,454
Walgreen Co. ........................ 24,630 1,090,124
------------
2,166,671
------------
SAVINGS & LOAN COMPANIES -- 0.6%
Golden West Financial Corp. ......... 7,413 489,258
Hudson City Bancorp, Inc. ........... 14,431 174,904
Sovereign Bancorp, Inc. ............. 9,064 195,963
------------
860,125
------------
SERVICES (ADVERTISING/MARKETING) -- 0.4%
Clear Channel Outdoor Holdings, Inc.
(a)................................ 835 16,742
Getty Images, Inc. (a)............... 1,161 103,642
Lamar Advertising Co. (a)............ 2,065 95,279
Omnicom Group, Inc. ................. 4,374 372,359
------------
588,022
------------
SERVICES (COMMERCIAL & CONSUMER) -- 1.8%
Accenture, Ltd. (Class A)............ 13,767 397,453
Apollo Group, Inc. (a)............... 3,622 218,986
Aramark Corp. ....................... 2,850 79,173
Career Education Corp. (a)........... 2,517 84,873
CCE Spinco, Inc (a).................. 1,476 19,336
Cendant Corp. ....................... 24,622 424,729
Checkfree Corp. (a).................. 1,813 83,217
ChoicePoint, Inc. (a)................ 2,103 93,605
Cintas Corp. ........................ 3,283 135,194
Fastenal Co. ........................ 3,320 130,111
Iron Mountain, Inc. (a).............. 2,674 112,896
Moody's Corp. ....................... 6,087 373,864
Paychex, Inc. ....................... 8,111 309,191
VeriSign, Inc. (a)................... 6,114 134,019
Weight Watchers International, Inc.
(a)................................ 1,023 50,567
------------
2,647,214
------------
SERVICES (COMPUTER SYSTEMS) -- 0.1%
Cognizant Technology Solutions Corp.
(a)................................ 3,264 164,342
------------
SERVICES (DATA PROCESSING) -- 1.3%
Automatic Data Processing, Inc. ..... 13,881 636,999
Dun & Bradstreet Corp. (a)........... 1,651 110,551
First Data Corp. .................... 18,353 789,362
Fiserv, Inc. (a)..................... 4,739 205,057
NAVTEQ Corp. (a)..................... 2,203 96,646
Total System Services, Inc. ......... 904 17,890
------------
1,856,505
------------
SERVICES (EMPLOYMENT) -- 0.3%
Manpower, Inc. ...................... 2,203 102,439
Monster Worldwide, Inc. (a).......... 2,655 108,377
Robert Half International, Inc. ..... 4,168 157,926
------------
368,742
------------
TELEPHONE -- 0.1%
NTL, Inc. (a)........................ 1,808 123,089
------------
TEXTILES (APPAREL) -- 0.3%
Coach, Inc. (a)...................... 9,212 307,128
Liz Claiborne, Inc. ................. 2,655 95,102
------------
402,230
------------
</Table>
See accompanying notes to financial statements.
70
STREETTRACKS DJ WILSHIRE LARGE CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
TRUCKING -- 1.6%
C.H. Robinson Worldwide, Inc. ....... 4,149 $ 153,637
Expeditors International Washington,
Inc. .............................. 2,536 171,205
FedEx Corp. ......................... 6,758 698,710
J.B. Hunt Transport Services,
Inc. .............................. 2,988 67,648
United Parcel Service, Inc. (Class
B)................................. 15,197 1,142,055
------------
2,233,255
------------
WASTE MANAGEMENT -- 0.3%
Waste Management, Inc. .............. 13,284 403,169
------------
TOTAL COMMON STOCKS -- (Cost
$136,393,914)...................... 143,078,451
------------
SHORT TERM INVESTMENTS -- 0.0% (C)
MONEY MARKET FUND -- 0.0% (C)
AIM Short Term Investment Class
Prime Fund
(Cost $56,576)..................... 56,576 56,576
------------
TOTAL INVESTMENTS -- 99.8% (Cost
$136,450,490)...................... 143,135,027
OTHER ASSETS AND LIABILITIES -- 0.2% 230,522
------------
NET ASSETS -- 100.0%................. $143,365,549
============
(a) Non-income producing security
(b) Affiliated issuer (Note 3)
(c) Amount shown represents less than 0.005% of net assets.
</Table>
See accompanying notes to financial statements.
71
STREETTRACKS DJ WILSHIRE LARGE CAP VALUE ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.7%
AEROSPACE/DEFENSE -- 1.2%
Boeing Co. ........................... 10,800 $ 758,592
Goodrich Corp. ....................... 1,800 73,980
Northrop Grumman Corp. ............... 5,054 303,796
-----------
1,136,368
-----------
AUTO PARTS & EQUIPMENT -- 0.1%
Genuine Parts Co. .................... 2,600 114,192
Lear Corp. ........................... 1,000 28,460
-----------
142,652
-----------
AUTOMOBILES & PARTS -- 0.3%
Ford Motor Co. ....................... 26,524 204,765
General Motors Corp. ................. 6,328 122,890
-----------
327,655
-----------
BANKS (MAJOR REGIONAL) -- 7.5%
Bank of America Corp. ................ 69,784 3,220,532
Comerica, Inc. ....................... 2,429 137,870
Huntington Bancshares, Inc. .......... 3,300 78,375
Keycorp............................... 6,106 201,071
National City Corp. .................. 8,439 283,297
PNC Financial Services Group.......... 4,350 268,960
SunTrust Banks, Inc. ................. 5,445 396,178
Wachovia Corp. ....................... 23,298 1,231,532
Wells Fargo & Co. .................... 24,873 1,562,771
-----------
7,380,586
-----------
BANKS (REGIONAL) -- 2.6%
AmSouth Bancorp....................... 5,300 138,913
Associated BancCorp. ................. 1,800 58,590
Bank of Hawaii Corp. ................. 800 41,232
BB&T Corp. ........................... 8,261 346,219
City National Corp. .................. 700 50,708
Colonial BancGroup, Inc. ............. 2,300 54,786
Commerce Bancshares, Inc. ............ 1,050 54,726
Compass Bancshares, Inc. ............. 1,800 86,922
Fifth Third Bancorp................... 7,044 265,700
First Horizon National Corp. ......... 1,900 73,036
Fulton Financial Corp. ............... 2,400 42,240
M&T Bank Corp. ....................... 1,186 129,333
Marshall & Ilsley Corp. .............. 2,900 124,816
Mercantile Bankshares Corp. .......... 1,200 67,728
North Fork Bancorp, Inc. ............. 6,584 180,138
Popular, Inc. ........................ 3,843 81,279
Regions Financial Corp. .............. 6,937 236,968
Sky Financial Group, Inc. ............ 1,600 44,512
Synovus Financial Corp. .............. 3,900 105,339
TCF Financial Corp. .................. 1,900 51,566
TD Banknorth, Inc. ................... 1,300 37,765
UnionBanCal Corp. .................... 900 61,848
Valley National Bancorp............... 1,700 40,970
Webster Financial Corp. .............. 800 37,520
Zions Bancorp......................... 1,600 120,896
-----------
2,533,750
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
BEVERAGES (ALCOHOLIC) -- 0.1%
Brown-Forman Corp. ................... 800 $ 55,456
Molson Coors Brewing Co. ............. 1,000 66,990
-----------
122,446
-----------
BEVERAGES (NON-ALCOHOLIC) -- 1.4%
Coca-Cola Enterprises, Inc. .......... 3,700 70,929
The Coca-Cola Co. .................... 33,000 1,330,230
-----------
1,401,159
-----------
BIOTECHNOLOGY -- 0.1%
Applera Corp. -- Applied Biosystems
Group............................... 3,000 79,680
-----------
BROADCASTING (TV, RADIO & CABLE) -- 0.1%
Belo Corp. ........................... 1,500 32,115
Discovery Holding Co. (Class A) (a)... 4,200 63,630
-----------
95,745
-----------
BUILDING MATERIALS -- 0.4%
Lafarge North America, Inc. .......... 500 27,510
Martin Marietta Materials, Inc. ...... 700 53,704
Masco Corp. .......................... 6,558 197,986
Vulcan Materials Co. ................. 1,400 94,850
-----------
374,050
-----------
CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.8%
Motorola, Inc. ....................... 36,900 833,571
-----------
CHEMICALS (DIVERSIFIED) -- 1.8%
Air Products & Chemicals, Inc. ....... 3,200 189,408
E. I. du Pont de Nemours & Co. ....... 14,838 630,615
Huntsman Corp. (a).................... 1,400 24,108
Lyondell Chemical Co. ................ 3,400 80,988
PPG Industries, Inc. ................. 2,590 149,961
Rohm & Haas Co. ...................... 2,200 106,524
The Dow Chemical Co. ................. 14,395 630,789
-----------
1,812,393
-----------
CHEMICALS (SPECIALTY) -- 0.3%
Ashland, Inc. ........................ 1,100 63,690
Chemtura Corp. ....................... 3,500 44,450
Eastman Chemical Co. ................. 1,200 61,908
Engelhard Corp. ...................... 1,900 57,285
International Flavors & Fragrances,
Inc. ............................... 1,300 43,550
Lubrizol Corp. ....................... 1,000 43,430
-----------
314,313
-----------
COAL -- 0.1%
CONSOL Energy, Inc. .................. 1,400 91,252
Massey Energy Co. .................... 1,100 41,657
-----------
132,909
-----------
COMMUNICATIONS EQUIPMENT -- 0.4%
Comverse Technology, Inc. (a)......... 2,800 74,452
Harris Corp. ......................... 2,000 86,020
Lucent Technologies, Inc. (a)......... 64,832 172,453
Tellabs, Inc. (a)..................... 6,400 69,760
-----------
402,685
-----------
COMPUTER SOFTWARE/SERVICES -- 1.3%
BMC Software, Inc. (a)................ 3,400 69,666
Cadence Design Systems, Inc. (a)...... 4,100 69,372
Computer Associates International,
Inc. ............................... 7,000 197,330
</Table>
See accompanying notes to financial statements.
72
STREETTRACKS DJ WILSHIRE LARGE CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Novell, Inc. (a)...................... 5,700 $ 50,331
Oracle Corp. (a)...................... 58,800 717,948
Siebel Systems, Inc. ................. 6,900 73,002
Synopsys, Inc. (a).................... 2,200 44,132
Unisys Corp. (a)...................... 5,100 29,733
-----------
1,251,514
-----------
COMPUTERS (HARDWARE) -- 1.6%
Hewlett-Packard Co. .................. 42,944 1,229,487
NCR Corp. (a)......................... 2,800 95,032
Sun Microsystems, Inc. (a)............ 51,300 214,947
-----------
1,539,466
-----------
COMPUTERS (PERIPHERALS) -- 0.1%
Seagate Technology (a)................ 5,700 113,943
-----------
CONTAINERS (METALS & GLASS) -- 0.0% (B)
Owens-Illinois, Inc. (a).............. 2,100 44,184
-----------
CONTAINERS / PACKAGING (PAPER & PLASTIC) -- 0.2%
Bemis Co. ............................ 1,600 44,592
Sealed Air Corp. (a).................. 1,300 73,021
Sonoco Products Co. .................. 1,500 44,100
-----------
161,713
-----------
DISTRIBUTORS (FOOD & HEALTH) -- 0.1%
SUPERVALU, Inc. ...................... 2,000 64,960
-----------
ELECTRIC UTILITIES -- 5.5%
Allegheny Energy, Inc. (a)............ 2,400 75,960
Alliant Energy Corp. ................. 1,700 47,668
Ameren Corp. ......................... 2,900 148,596
American Electric Power Co., Inc. .... 5,671 210,337
CenterPoint Energy, Inc. ............. 4,100 52,685
Cinergy Corp. ........................ 2,800 118,888
Consolidated Edison, Inc. ............ 3,662 169,660
Constellation Energy Group, Inc. ..... 2,600 149,760
Dominion Resources, Inc. ............. 5,163 398,584
DPL, Inc. ............................ 1,800 46,818
DTE Energy Co. ....................... 2,600 112,294
Duke Energy Corp. .................... 13,299 365,058
Edison International.................. 4,501 196,289
Energy East Corp. .................... 2,200 50,160
Entergy Corp. ........................ 3,160 216,934
Exelon Corp. ......................... 10,011 531,985
FirstEnergy Corp. .................... 4,925 241,276
FPL Group, Inc. ...................... 5,416 225,089
MDU Resources Group, Inc. ............ 1,600 52,384
Northeast Utilities................... 1,900 37,411
NSTAR................................. 1,600 45,920
Pepco Holdings, Inc. ................. 2,800 62,636
PG&E Corp. ........................... 5,546 205,867
Pinnacle West Capital Corp. .......... 1,500 62,025
PPL Corp. ............................ 5,770 169,638
Progress Energy, Inc. ................ 3,731 163,865
Public Service Enterprise Group,
Inc. ............................... 3,580 232,593
SCANA Corp. .......................... 1,500 59,070
TECO Energy, Inc. .................... 3,000 51,540
The Southern Co. ..................... 11,227 387,668
TXU Corp. ............................ 6,800 341,292
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Wisconsin Energy Corp. ............... 1,800 $ 70,308
Xcel Energy, Inc. .................... 6,000 110,760
-----------
5,411,018
-----------
ELECTRICAL EQUIPMENT -- 0.8%
American Power Conversion Corp. ...... 2,800 61,600
Cooper Industries, Ltd. .............. 1,400 102,200
Emerson Electric Co. ................. 6,100 455,670
Hubbell, Inc. (Class B)............... 900 40,608
Rockwell Automation, Inc. ............ 2,500 147,900
-----------
807,978
-----------
ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.2%
Arrow Electronics, Inc. (a)........... 1,700 54,451
Solectron Corp. (a)................... 14,600 53,436
W.W. Grainger, Inc. .................. 1,200 85,320
-----------
193,207
-----------
ELECTRONICS (INSTRUMENT) -- 0.4%
Agilent Technologies, Inc. (a)........ 6,649 221,345
Molex, Inc. .......................... 2,000 51,900
PerkinElmer, Inc. .................... 1,800 42,408
Symbol Technologies, Inc. ............ 3,700 47,434
-----------
363,087
-----------
ELECTRONICS (SEMICONDUCTORS) -- 2.8%
Advanced Micro Devices, Inc. (a)...... 5,900 180,540
Freescale Semiconductor, Inc. (Class
B)(a)............................... 6,000 151,020
Intel Corp. .......................... 90,800 2,266,368
Micron Technology, Inc. (a)........... 9,200 122,452
-----------
2,720,380
-----------
ENTERTAINMENT -- 1.4%
The Walt Disney Co. .................. 30,100 721,497
Viacom, Inc. (Class B)................ 21,600 704,160
-----------
1,425,657
-----------
EQUIPMENT (SEMICONDUCTORS) -- 0.0% (B)
Teradyne, Inc. (a).................... 2,900 42,253
-----------
FINANCIAL (DIVERSIFIED) -- 8.3%
Cbot Holdings, Inc. (a)............... 55 5,157
CIT Group, Inc. ...................... 3,200 165,696
Citigroup, Inc. ...................... 77,725 3,771,994
Fannie Mae............................ 14,552 710,283
Freddie Mac........................... 10,247 669,641
JPMorgan Chase & Co. ................. 52,450 2,081,741
Mellon Financial Corp. ............... 6,425 220,056
Northern Trust Corp. ................. 2,900 150,278
The Bank of New York Co., Inc. ....... 11,713 373,059
Thornburg Mortgage, Inc. ............. 1,500 39,300
-----------
8,187,205
-----------
FOOD PRODUCTS -- 1.7%
Archer-Daniels-Midland Co. ........... 8,987 221,619
Campbell Soup Co. .................... 3,836 114,198
ConAgra Foods, Inc. .................. 7,916 160,537
Dreyer's Grand Ice Cream Holdings,
Inc. ............................... 400 33,152
General Mills, Inc. .................. 5,341 263,418
H.J. Heinz Co. ....................... 5,232 176,423
Hormel Foods Corp. ................... 1,100 35,948
</Table>
See accompanying notes to financial statements.
73
STREETTRACKS DJ WILSHIRE LARGE CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
JM Smucker Co. ....................... 900 $ 39,600
Kellogg Co. .......................... 3,600 155,592
Kraft Foods, Inc. .................... 3,840 108,058
McCormick & Co., Inc. ................ 2,000 61,840
Sara Lee Corp. ....................... 11,876 224,456
Smithfield Foods, Inc. (a)............ 1,300 39,780
Tyson Foods, Inc. (Class A)........... 3,600 61,560
-----------
1,696,181
-----------
HAND/MACHINE TOOLS -- 0.1%
The Stanley Works..................... 1,300 62,452
-----------
HEALTH CARE (DIVERSIFIED) -- 0.7%
Bristol-Myers Squibb Co. ............. 29,369 674,900
-----------
HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 6.4%
Abbott Laboratories................... 23,161 913,238
Eli Lilly & Co. ...................... 14,400 814,896
Merck & Co., Inc. .................... 32,779 1,042,700
Pfizer, Inc. ......................... 111,038 2,589,406
Wyeth................................. 19,865 915,181
-----------
6,275,421
-----------
HEALTH CARE (HOSPITAL MANAGEMENT) -- 0.1%
Tenet Healthcare Corp. (a)............ 7,100 54,386
-----------
HEALTH CARE
(MEDICAL PRODUCTS/SUPPLIES) -- 0.0% (B)
Hillenbrand Industries, Inc. ......... 900 44,469
-----------
HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.2%
Leggett & Platt, Inc. ................ 2,900 66,584
Whirlpool Corp. ...................... 1,000 83,760
-----------
150,344
-----------
HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.5%
Kimberly-Clark Corp. ................. 6,930 413,374
Newell Rubbermaid, Inc. .............. 4,100 97,498
-----------
510,872
-----------
INSURANCE (FINANCIAL GUARANTEE) -- 0.5%
Ambac Financial Group, Inc. .......... 1,600 123,296
MBIA, Inc. ........................... 2,000 120,320
MGIC Investment Corp. ................ 1,400 92,148
PMI Group, Inc. ...................... 1,400 57,498
Radian Group, Inc. ................... 1,300 76,167
-----------
469,429
-----------
INSURANCE (LIFE/HEALTH) -- 0.8%
CIGNA Corp. .......................... 1,949 217,703
Conseco, Inc. (a)..................... 2,300 53,291
Jefferson-Pilot Corp. ................ 2,100 119,553
Lincoln National Corp. ............... 2,600 137,878
Nationwide Financial Services, Inc.
(Class A)........................... 800 35,200
Protective Life Corp. ................ 1,000 43,770
Torchmark Corp. ...................... 1,600 88,960
UnumProvident Corp. .................. 4,500 102,375
-----------
798,730
-----------
INSURANCE (MULTI-LINE) -- 4.8%
ACE, Ltd. ............................ 4,687 250,473
American International Group, Inc. ... 34,024 2,321,458
Assurant, Inc. ....................... 1,800 78,282
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Cincinnati Financial Corp. ........... 2,300 $ 102,764
CNA Financial Corp. (a)............... 500 16,365
Genworth Financial, Inc. (Class A).... 5,700 197,106
Leucadia National Corp. .............. 1,200 56,952
Loews Corp. .......................... 1,874 177,749
MetLife, Inc. ........................ 6,150 301,350
Old Republic International Corp. ..... 2,600 68,276
The Allstate Corp. ................... 10,176 550,216
The Hartford Financial Services Group,
Inc. ............................... 4,488 385,474
Unitrin, Inc. ........................ 700 31,535
XL Capital, Ltd. (Class A)............ 2,642 178,018
-----------
4,716,018
-----------
INSURANCE (PROPERTY/CASUALTY) -- 0.9%
Chubb Corp. .......................... 2,971 290,118
SAFECO Corp. ......................... 1,900 107,350
The St. Paul Travelers Cos., Inc. .... 10,385 463,898
-----------
861,366
-----------
INSURANCE BROKERS -- 0.4%
Aon Corp. ............................ 3,900 140,205
Arthur J. Gallagher & Co. ............ 1,400 43,232
Marsh & McLennan Cos., Inc. .......... 7,858 249,570
-----------
433,007
-----------
INVESTMENT BANKING/BROKERAGE -- 3.5%
AG Edwards, Inc. ..................... 1,200 56,232
Goldman Sachs Group, Inc. ............ 5,742 733,311
Lehman Brothers Holdings, Inc. ....... 4,108 526,522
Merrill Lynch & Co., Inc. ............ 12,609 854,007
Morgan Stanley........................ 14,777 838,447
The Bear Stearns Cos., Inc. .......... 1,588 183,462
The Charles Schwab Corp. ............. 15,700 230,319
-----------
3,422,300
-----------
INVESTMENT MANAGEMENT -- 0.3%
Federated Investors, Inc. ............ 1,400 51,856
Janus Capital Group, Inc. ............ 3,400 63,342
T. Rowe Price Group, Inc. ............ 2,000 144,060
-----------
259,258
-----------
LEISURE TIME (PRODUCTS) -- 0.8%
Brunswick Corp. ...................... 1,500 60,990
Carnival Corp. ....................... 6,400 342,208
Eastman Kodak Co. .................... 4,337 101,486
Hasbro, Inc. ......................... 2,400 48,432
Mattel, Inc. ......................... 6,227 98,511
Royal Caribbean Cruises, Ltd. ........ 2,000 90,120
-----------
741,747
-----------
MACHINERY (DIVERSIFIED) -- 1.1%
Caterpillar, Inc. .................... 10,300 595,031
Deere & Co. .......................... 3,556 242,199
Dover Corp. .......................... 3,100 125,519
Eaton Corp. .......................... 2,300 154,307
-----------
1,117,056
-----------
MANUFACTURING (DIVERSIFIED) -- 7.8%
General Electric Co. ................. 158,542 5,556,897
Honeywell International, Inc. ........ 11,702 435,899
Ingersoll-Rand Co., Ltd. (Class A).... 5,048 203,788
Johnson Controls, Inc. ............... 2,835 206,700
</Table>
See accompanying notes to financial statements.
74
STREETTRACKS DJ WILSHIRE LARGE CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Parker-Hannifin Corp. ................ 1,800 $ 118,728
Pentair, Inc. ........................ 1,500 51,780
SPX Corp. ............................ 1,100 50,347
Textron, Inc. ........................ 1,700 130,866
Tyco International, Ltd. ............. 30,153 870,216
-----------
7,625,221
-----------
MANUFACTURING (SPECIALIZED) -- 0.1%
Pall Corp. ........................... 1,900 51,034
-----------
METALS MINING -- 0.6%
Alcoa, Inc. .......................... 13,083 386,864
Phelps Dodge Corp. ................... 1,400 201,418
Southern Copper Corp. ................ 600 40,188
-----------
628,470
-----------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 0.8%
El Paso Corp. ........................ 9,300 113,088
Enterprise Products Partners LP....... 3,100 74,431
KeySpan Corp. ........................ 2,400 85,656
NiSource, Inc. ....................... 4,100 85,526
ONEOK, Inc. .......................... 1,400 37,282
Sempra Energy......................... 3,300 147,972
TEPPCO Partners LP.................... 1,100 38,324
The Williams Cos., Inc. .............. 8,400 194,628
-----------
776,907
-----------
OFFICE EQUIPMENT & SUPPLIES -- 0.4%
Pitney Bowes, Inc. ................... 3,501 147,917
Xerox Corp. (a)....................... 14,392 210,843
-----------
358,760
-----------
OIL & GAS (EXPLORATION/PRODUCTS) -- 0.3%
Kerr-McGee Corp. ..................... 1,607 146,012
Noble Energy, Inc. ................... 2,600 104,780
-----------
250,792
-----------
OIL & GAS (REFINING & MARKETING) -- 0.1%
Tesoro Petroleum Corp. ............... 1,000 61,550
-----------
OIL (INTEGRATED) -- 9.5%
Amerada Hess Corp. ................... 1,200 152,184
Chevron Corp. ........................ 33,571 1,905,826
ConocoPhillips........................ 19,046 1,108,096
Exxon Mobil Corp. .................... 95,168 5,345,587
Marathon Oil Corp. ................... 5,476 333,872
Occidental Petroleum Corp. ........... 5,980 477,682
-----------
9,323,247
-----------
PAPER & FOREST PRODUCTS -- 0.2%
Weyerhaeuser Co. ..................... 3,593 238,360
-----------
PAPER & RELATED PRODUCTS -- 0.5%
International Paper Co. .............. 7,338 246,630
Louisiana-Pacific Corp. .............. 1,500 41,205
MeadWestvaco Corp. ................... 2,700 75,681
Smurfit-Stone Container Corp. (a)..... 3,800 53,846
Temple-Inland, Inc. .................. 1,700 76,245
-----------
493,607
-----------
PERSONAL & HOUSEHOLD GOODS -- 0.1%
The Estee Lauder Cos., Inc. (Class
A).................................. 2,000 66,960
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
POWER PRODUCERS (INDEPENDENT) -- 0.1%
NRG Energy, Inc. (a).................. 1,300 $ 61,256
Reliant Energy, Inc. (a).............. 4,500 46,440
-----------
107,696
-----------
PUBLISHING -- 0.0% (B)
Meredith Corp. ....................... 700 36,638
-----------
PUBLISHING (NEWSPAPERS) -- 0.5%
Gannett Co., Inc. .................... 3,754 227,380
Knight Ridder, Inc. .................. 1,000 63,300
The New York Times Co. (Class A)...... 2,200 58,190
Tribune Co. .......................... 3,206 97,013
-----------
445,883
-----------
RAILROADS -- 0.9%
Burlington Northern Santa Fe Corp. ... 5,665 401,195
CSX Corp. ............................ 3,200 162,464
Union Pacific Corp. .................. 3,947 317,773
-----------
881,432
-----------
REAL ESTATE INVESTMENT TRUST -- 2.5%
AMB Property Corp. ................... 1,200 59,004
Apartment Investment & Management Co.
(Class A)........................... 1,400 53,018
Archstone-Smith Trust................. 3,000 125,670
Avalonbay Communities, Inc. .......... 1,100 98,175
Boston Properties, Inc. .............. 1,700 126,021
Developers Diversified Realty
Corp. .............................. 1,600 75,232
Duke Realty Corp. .................... 2,200 73,480
Equity Office Properties Trust........ 6,171 187,166
Equity Residential.................... 4,200 164,304
Health Care Property Investors
Inc. ............................... 2,000 51,120
Hospitality Properties Trust.......... 1,000 40,100
Host Marriott Corp. .................. 4,900 92,855
iStar Financial, Inc. ................ 1,700 60,605
Kimco Realty Corp. ................... 3,200 102,656
Liberty Property Trust................ 1,300 55,705
Macerich Co. ......................... 900 60,426
Mack-Cali Realty Corp. ............... 900 38,880
Mills Corp. .......................... 800 33,552
New Plan Excel Realty Trust........... 1,500 34,770
Plum Creek Timber Co., Inc. .......... 2,800 100,940
ProLogis.............................. 3,600 168,192
Public Storage, Inc. ................. 1,300 88,036
Regency Centers Corp. ................ 900 53,055
Simon Property Group, Inc. ........... 3,300 252,879
United Dominion Realty Trust, Inc. ... 2,000 46,880
Vornado Realty Trust.................. 2,000 166,940
Weingarten Realty Investors........... 1,200 45,372
-----------
2,455,033
-----------
REINSURANCE -- 0.1%
Everest Re Group, Ltd. ............... 900 90,315
-----------
RESTAURANTS -- 0.7%
McDonald's Corp. ..................... 19,116 644,592
Wendy's International, Inc. .......... 1,700 93,942
-----------
738,534
-----------
</Table>
See accompanying notes to financial statements.
75
STREETTRACKS DJ WILSHIRE LARGE CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
RETAIL -- 0.5%
Albertson's, Inc. .................... 4,759 $ 101,605
Safeway, Inc. ........................ 6,714 158,853
The Kroger Co. (a).................... 10,989 207,472
-----------
467,930
-----------
RETAIL (BUILDING SUPPLIES) -- 0.1%
The Sherwin-Williams Co. ............. 1,800 81,756
-----------
RETAIL (COMPUTERS & ELECTRONICS) -- 0.1%
Circuit City Stores, Inc. ............ 2,900 65,511
RadioShack Corp. ..................... 2,000 42,060
-----------
107,571
-----------
RETAIL (DEPARTMENT STORES) -- 0.5%
Federated Department Stores, Inc. .... 3,932 260,810
J. C. Penney Co., Inc. ............... 3,300 183,480
-----------
444,290
-----------
RETAIL (SPECIALTY APPAREL) -- 0.1%
Limited Brands........................ 5,170 115,550
-----------
RETAIL (SPECIALTY) -- 0.2%
Barnes & Noble, Inc. ................. 800 34,136
Office Depot, Inc. (a)................ 4,700 147,580
-----------
181,716
-----------
SAVINGS & LOAN COMPANIES -- 0.8%
Astoria Financial Corp. .............. 1,500 44,100
Independence Community Bank Corp. .... 1,200 47,676
New York Community Bancorp, Inc. ..... 3,600 59,472
People's Bank......................... 900 27,954
Washington Mutual, Inc. .............. 14,635 636,622
-----------
815,824
-----------
SERVICES (ADVERTISING/MARKETING) -- 0.1%
The Interpublic Group of Cos., Inc.
(a)................................. 6,400 61,760
-----------
SERVICES (COMMERCIAL & CONSUMER) -- 0.5%
Avery Dennison Corp. ................. 1,500 82,905
Equifax, Inc. ........................ 2,000 76,040
H&R Block, Inc. ...................... 4,600 112,930
Ingram Micro, Inc. (Class A) (a)...... 1,900 37,867
R.R. Donnelley & Sons Co. ............ 3,300 112,893
Sabre Holdings Corp.(Class A)......... 2,100 50,631
The Service Master Co. ............... 4,400 52,580
-----------
525,846
-----------
SERVICES (COMPUTER SYSTEMS) -- 0.3%
Computer Sciences Corp. (a)........... 2,800 141,792
Electronic Data Systems Corp. ........ 7,700 185,108
-----------
326,900
-----------
STEEL -- 0.2%
Nucor Corp. .......................... 2,200 146,784
United States Steel Corp. ............ 1,700 81,719
-----------
228,503
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
TELEPHONE -- 5.2%
ALLTEL Corp. ......................... 4,828 $ 304,647
AT&T, Inc. ........................... 58,545 1,433,767
BellSouth Corp. ...................... 27,592 747,743
CenturyTel, Inc. ..................... 1,900 63,004
Citizens Communications Co. .......... 5,100 62,373
MCI, Inc. ............................ 4,200 82,866
Qwest Communications
International, Inc. (a)............. 22,400 126,560
Sprint Nextel Corp. .................. 43,696 1,020,739
Telephone & Data Systems, Inc. ....... 1,500 54,045
Verizon Communications, Inc. ......... 41,234 1,241,968
-----------
5,137,712
-----------
TEXTILES (APPAREL) -- 0.2%
Jones Apparel Group, Inc. ............ 1,800 55,296
Polo Ralph Lauren Corp. .............. 900 50,526
V. F. Corp. .......................... 1,300 71,942
-----------
177,764
-----------
TOBACCO -- 2.6%
Altria Group, Inc. ................... 30,953 2,312,808
Reynolds American, Inc. .............. 1,286 122,595
UST, Inc. ............................ 2,500 102,075
-----------
2,537,478
-----------
TRUCKING -- 0.0% (B)
YRC Worldwide, Inc (a)................ 800 35,688
-----------
TRUCKS & PARTS -- 0.3%
Cummins, Inc. ........................ 600 53,838
Navistar International Corp. (a)...... 900 25,758
PACCAR, Inc. ......................... 2,600 179,999
-----------
259,595
-----------
WASTE MANAGEMENT -- 0.1%
Republic Services, Inc. .............. 1,800 67,590
-----------
TOTAL COMMON STOCKS -- (Cost
$94,295,786)........................ 97,908,375
-----------
SHORT TERM INVESTMENTS -- 0.3%
MONEY MARKET FUND -- 0.3%
AIM Short Term Investment Class Prime
Fund (Cost $259,061)................ 259,061 259,061
-----------
TOTAL INVESTMENTS -- 100.0% (Cost
$94,554,847)........................ 98,167,436
OTHER ASSETS AND LIABILITIES -- 0.0% (B) 28,689
-----------
NET ASSETS -- 100.0%.................. $98,196,125
===========
(a) Non-income producing security
(b) Amount shown represents less than 0.005% of net assets.
</Table>
See accompanying notes to financial statements.
76
STREETTRACKS DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.4%
AEROSPACE/DEFENSE -- 0.2%
Alliant Techsystems, Inc. (a).......... 667 $ 50,805
-----------
AIRLINES -- 0.2%
JetBlue Airways Corp. (a).............. 2,846 43,764
-----------
AUTO PARTS & EQUIPMENT -- 0.9%
BorgWarner, Inc. ...................... 987 59,842
Dana Corp. ............................ 2,657 19,077
Gentex Corp. .......................... 2,757 53,761
Lear Corp. ............................ 1,217 34,636
The Goodyear Tire & Rubber Co. (a)..... 3,104 53,948
TRW Automotive Holdings Corp. (a)...... 430 11,330
-----------
232,594
-----------
BANKS (REGIONAL) -- 4.2%
Associated BancCorp. .................. 2,237 72,814
Bank of Hawaii Corp. .................. 947 48,809
BOK Financial Corp. ................... 510 23,169
City National Corp. ................... 807 58,459
Colonial BancGroup, Inc. .............. 2,727 64,957
Commerce Bancshares, Inc. ............. 1,267 66,036
Cullen/Frost Bankers, Inc. ............ 917 49,225
First Horizon National Corp. .......... 2,187 84,068
FirstMerit Corp. ...................... 1,387 35,937
Fulton Financial Corp. ................ 2,777 48,875
Hudson United Bancorp.................. 797 33,219
International Bancshares Corp. ........ 880 25,837
Investors Financial Services Corp. .... 1,170 43,091
Mercantile Bankshares Corp. ........... 1,450 81,838
Sky Financial Group, Inc. ............. 1,890 52,580
South Financial Group, Inc. ........... 1,250 34,425
TCF Financial Corp. ................... 2,277 61,798
TD Banknorth, Inc. .................... 1,500 43,575
Valley National Bancorp................ 1,967 47,405
Webster Financial Corp. ............... 950 44,555
Wilmington Trust Corp. ................ 1,197 46,575
-----------
1,067,247
-----------
BEVERAGES (ALCOHOLIC) -- 0.6%
Brown-Forman Corp. .................... 970 67,240
Molson Coors Brewing Co. .............. 1,217 81,527
-----------
148,767
-----------
BEVERAGES (NON-ALCOHOLIC) -- 0.3%
Aqua America, Inc. .................... 2,240 61,152
PepsiAmericas, Inc. ................... 1,217 28,307
-----------
89,459
-----------
BIOTECHNOLOGY -- 2.0%
Affymetrix, Inc. (a)................... 1,170 55,868
Applera Corp. -- Applied Biosystems
Group................................ 3,574 94,925
Charles River Laboratories
International, Inc. (a).............. 1,270 53,810
ImClone Systems, Inc. (a).............. 1,170 40,061
Invitrogen Corp. (a)................... 930 61,975
Millennium Pharmaceuticals, Inc. (a)... 5,431 52,681
Millipore Corp. (a).................... 877 57,917
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
PDL Biopharma, Inc. (a)................ 1,977 $ 56,186
Techne Corp. (a)....................... 647 36,329
-----------
509,752
-----------
BROADCASTING (TV, RADIO & CABLE) -- 0.5%
Belo Corp. ............................ 1,820 38,966
Discovery Holding Co. (Class A) (a).... 4,954 75,053
Westwood One, Inc. .................... 1,327 21,630
-----------
135,649
-----------
BUILDING MATERIALS -- 0.8%
Eagle Materials, Inc. ................. 327 40,012
Florida Rock Industries, Inc. ......... 900 44,154
Lafarge North America, Inc. ........... 537 29,546
Martin Marietta Materials, Inc. ....... 830 63,677
USG Corp. (a).......................... 570 37,050
-----------
214,439
-----------
CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.6%
Alamosa Holdings, Inc. (a)............. 2,637 49,075
NII Holdings, Inc. (a)................. 2,374 103,696
US Cellular Corp. (a).................. 270 13,338
-----------
166,109
-----------
CHEMICALS (DIVERSIFIED) -- 0.5%
Airgas, Inc. .......................... 1,137 37,407
Celanese Corp. ........................ 1,247 23,843
FMC Corp. (a).......................... 610 32,434
Huntsman Corp. (a)..................... 1,597 27,500
-----------
121,184
-----------
CHEMICALS (SPECIALTY) -- 2.5%
Ashland, Inc. ......................... 1,290 74,691
Cabot Corp. ........................... 990 35,442
Chemtura Corp. ........................ 4,127 52,413
Cytec Industries, Inc. ................ 660 31,436
Eastman Chemical Co. .................. 1,407 72,587
Engelhard Corp. ....................... 2,197 66,239
International Flavors & Fragrances,
Inc. ................................ 1,540 51,590
Lubrizol Corp. ........................ 1,190 51,682
RPM, Inc. ............................. 2,057 35,730
Sigma-Aldrich Corp. ................... 1,047 66,265
The Mosaic Co. (a)..................... 2,237 32,727
The Scotts Co. (Class A)............... 800 36,192
Valspar Corp. ......................... 1,670 41,199
-----------
648,193
-----------
COAL -- 1.0%
Arch Coal, Inc. ....................... 1,087 86,416
CONSOL Energy, Inc. ................... 1,690 110,154
Massey Energy Co. ..................... 1,340 50,746
-----------
247,316
-----------
COMMUNICATIONS EQUIPMENT -- 1.4%
ADC Telecommunications, Inc. (a)....... 2,047 45,730
Avaya, Inc. (a)........................ 7,971 85,051
Avid Technology, Inc. (a).............. 737 40,358
JDS Uniphase Corp. (a)................. 28,127 66,380
PanAmSat Holding Corp. ................ 907 22,221
</Table>
See accompanying notes to financial statements.
77
STREETTRACKS DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Tellabs, Inc. (a)...................... 7,498 $ 81,728
West Corp. (a)......................... 470 19,811
-----------
361,279
-----------
COMPUTER SOFTWARE/SERVICES -- 5.0%
Activision, Inc. (a)................... 4,711 64,729
BEA Systems, Inc. (a).................. 6,831 64,212
BMC Software, Inc. (a)................. 3,947 80,874
Cadence Design Systems, Inc. (a)....... 4,834 81,791
Ceridian Corp. (a)..................... 2,627 65,281
Citrix Systems, Inc. (a)............... 3,194 91,923
Compuware Corp. (a).................... 6,111 54,816
Diebold, Inc. ......................... 1,270 48,260
DST Systems, Inc. (a).................. 1,120 67,099
Emdeon Corp. (a)....................... 5,222 44,178
McAfee, Inc. (a)....................... 2,967 80,495
Mercury Interactive Corp. (a).......... 1,497 41,602
Novell, Inc. (a)....................... 6,651 58,728
Pixar (a).............................. 1,020 53,774
Red Hat, Inc. (a)...................... 3,077 83,818
Salesforce.com, Inc. (a)............... 1,387 44,453
Siebel Systems, Inc. .................. 8,561 90,575
Sybase, Inc. (a)....................... 1,587 34,692
Synopsys, Inc. (a)..................... 2,567 51,494
The Reynolds & Reynolds Co. ........... 1,147 32,196
Unisys Corp. (a)....................... 6,001 34,986
-----------
1,269,976
-----------
COMPUTERS (PERIPHERALS) -- 0.3%
Western Digital Corp. (a).............. 3,934 73,212
-----------
CONSUMER FINANCE -- 0.4%
AmeriCredit Corp. (a).................. 2,417 61,948
Student Loan Corp. .................... 70 14,646
Westcorp............................... 427 28,442
WFS Financial, Inc. (a)................ 120 9,138
-----------
114,174
-----------
CONTAINERS (METALS & GLASS) -- 0.7%
Ball Corp. ............................ 1,807 71,774
Crown Holdings, Inc. (a)............... 2,954 57,692
Owens-Illinois, Inc. (a)............... 2,477 52,116
-----------
181,582
-----------
CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 1.1%
Bemis Co. ............................. 1,897 52,869
Packaging Corp. of America............. 1,097 25,176
Pactiv Corp. (a)....................... 2,657 58,454
Sealed Air Corp. (a)................... 1,480 83,132
Sonoco Products Co. ................... 1,747 51,362
-----------
270,993
-----------
DISTRIBUTION/WHOLESALE -- 0.2%
Hughes Supply, Inc. ................... 1,170 41,945
-----------
DISTRIBUTORS (FOOD & HEALTH) -- 0.3%
SUPERVALU, Inc. ....................... 2,387 77,530
-----------
ELECTRIC UTILITIES -- 4.5%
Allegheny Energy, Inc. (a)............. 2,867 90,741
Alliant Energy Corp. .................. 2,057 57,678
CenterPoint Energy, Inc. .............. 4,804 61,731
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
CMS Energy Corp. (a)................... 3,874 $ 56,212
DPL, Inc. ............................. 2,127 55,323
Energy East Corp. ..................... 2,607 59,440
Great Plains Energy, Inc. ............. 1,317 36,823
Hawaiian Electric Industries, Inc. .... 1,420 36,778
MDU Resources Group, Inc. ............. 1,927 63,090
Northeast Utilities.................... 2,667 52,513
NSTAR.................................. 1,887 54,157
OGE Energy Corp. ...................... 1,590 42,596
Pepco Holdings, Inc. .................. 3,337 74,649
Pinnacle West Capital Corp. ........... 1,727 71,411
Puget Energy, Inc. .................... 2,037 41,596
SCANA Corp. ........................... 1,807 71,160
TECO Energy, Inc. ..................... 3,534 60,714
Westar Energy, Inc. ................... 1,517 32,615
Wisconsin Energy Corp. ................ 2,067 80,737
WPS Resources Corp. ................... 760 42,036
-----------
1,142,000
-----------
ELECTRICAL EQUIPMENT -- 0.4%
Hubbell, Inc. (Class B)................ 1,020 46,023
Thomas & Betts Corp. (a)............... 1,047 43,932
-----------
89,955
-----------
ELECTRONICS (COMPONENT DISTRIBUTION) -- 1.2%
Arrow Electronics, Inc. (a)............ 2,037 65,245
CDW Corp. ............................. 1,150 66,206
Sanmina-SCI Corp. (a).................. 9,228 39,311
Solectron Corp. (a).................... 17,209 62,985
Tech Data Corp. (a).................... 1,027 40,751
Vishay Intertechnology, Inc. (a)....... 2,987 41,101
-----------
315,599
-----------
ELECTRONICS (INSTRUMENT) -- 1.7%
Amphenol Corp. (Class A)............... 1,550 68,603
Cogent, Inc. (a)....................... 690 15,649
FLIR Systems, Inc. (a)................. 1,210 27,019
Molex, Inc. ........................... 2,317 60,126
National Instruments Corp. ............ 937 30,031
PerkinElmer, Inc. ..................... 2,137 50,348
Symbol Technologies, Inc. ............. 4,294 55,049
Tektronix, Inc. ....................... 1,497 42,231
Thermo Electron Corp. (a).............. 2,847 85,780
-----------
434,836
-----------
ELECTRONICS (SEMICONDUCTORS) -- 1.7%
Cypress Semiconductor Corp. (a)........ 2,367 33,730
Fairchild Semiconductor International,
Inc. (a)............................. 2,117 35,798
International Rectifier Corp. (a)...... 1,277 40,736
Intersil Corp. (Class A)............... 2,667 66,355
LSI Logic Corp. (a).................... 6,861 54,888
MEMC Electronic Materials, Inc. (a).... 2,647 58,684
NVIDIA Corp. (a)....................... 2,837 103,721
QLogic Corp. (a)....................... 1,527 49,643
-----------
443,555
-----------
ENGINEERING & CONSTRUCTION -- 0.3%
Jacobs Engineering Group, Inc. (a)..... 997 67,666
-----------
</Table>
See accompanying notes to financial statements.
78
STREETTRACKS DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
ENTERTAINMENT -- 0.2%
DreamWorks Animation SKG, Inc. (Class
A) (a)............................... 787 $ 19,329
Regal Entertainment Group.............. 810 15,406
Warner Music Group Corp. .............. 741 14,279
-----------
49,014
-----------
ENVIRONMENTAL CONTROL -- 0.4%
Allied Waste Industries, Inc. (a)...... 3,764 32,898
Nalco Holding Co. (a).................. 1,489 26,370
Stericycle, Inc. (a)................... 800 47,104
-----------
106,372
-----------
EQUIPMENT (SEMICONDUCTORS) -- 0.8%
Lam Research Corp. (a)................. 2,474 88,272
Novellus Systems, Inc. (a)............. 2,487 59,987
Teradyne, Inc. (a)..................... 3,437 50,077
-----------
198,336
-----------
FINANCIAL (DIVERSIFIED) -- 0.6%
IndyMac Bancorp, Inc. ................. 1,107 43,195
IntercontinentalExchange, Inc. (a)..... 300 10,905
SEI Investments Co. ................... 1,230 45,510
Thornburg Mortgage, Inc. .............. 1,780 46,636
-----------
146,246
-----------
FOOD PRODUCTS -- 0.9%
Del Monte Foods Co. (a)................ 3,527 36,787
Hormel Foods Corp. .................... 1,317 43,039
JM Smucker Co. ........................ 1,030 45,320
McCormick & Co., Inc. ................. 2,097 64,839
Smithfield Foods, Inc. (a)............. 1,640 50,184
-----------
240,169
-----------
FOOTWEAR -- 0.3%
Reebok International, Ltd. ............ 870 50,660
The Timberland Co. (Class A) (a)....... 990 32,225
-----------
82,885
-----------
GAMING & LOTTERY -- 0.9%
Boyd Gaming Corp. ..................... 820 39,081
GTECH Holdings Corp. (a)............... 2,187 69,415
Penn National Gaming, Inc. (a)......... 1,100 36,245
Scientific Games Corp. (ClassA) (a).... 1,157 31,563
Station Casinos, Inc. ................. 857 58,105
-----------
234,409
-----------
GOLD/PRECIOUS METALS MINING -- 0.4%
Glamis Gold, Ltd. (a).................. 2,317 63,671
Meridian Gold, Inc. (a)................ 1,757 38,426
-----------
102,097
-----------
HAND/MACHINE TOOLS -- 0.4%
Snap-on, Inc. ......................... 927 34,818
The Stanley Works...................... 1,507 72,396
-----------
107,214
-----------
HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 2.0%
American Pharmaceutical Partners, Inc.
(a).................................. 410 15,904
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Cephalon, Inc. (a)..................... 1,000 $ 64,740
Endo Pharmaceuticals Holdings, Inc.
(a).................................. 1,927 58,311
IVAX Corp. (a)......................... 3,934 123,252
King Pharmaceuticals, Inc. (a)......... 4,277 72,367
Kos Pharmaceuticals, Inc. (a).......... 357 18,468
Medicis Pharmaceutical Corp. (Class
A)................................... 990 31,729
Mylan Laboratories, Inc. .............. 3,857 76,986
Watson Pharmaceuticals, Inc. (a)....... 1,937 62,972
-----------
524,729
-----------
HEALTH CARE (HOSPITAL MANAGEMENT) -- 0.6%
Community Health Systems, Inc. (a)..... 1,540 59,044
Triad Hospitals, Inc. (a).............. 1,510 59,237
Universal Health Services, Inc. (Class
B)................................... 967 45,197
-----------
163,478
-----------
HEALTH CARE (MANAGED CARE) -- 1.4%
Health Net, Inc. (a)................... 2,080 107,224
Lincare Holdings, Inc. (a)............. 1,777 74,474
Manor Care, Inc. ...................... 1,347 53,570
Omnicare, Inc. ........................ 2,147 122,851
UnitedHealth Group, Inc. .............. 1 44
WellPoint, Inc. (a).................... 1 92
-----------
358,255
-----------
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 4.3%
Advanced Medical Optics, Inc. (a)...... 1,150 48,070
Amylin Pharmaceuticals, Inc. (a)....... 1,777 70,938
Bausch & Lomb, Inc. ................... 940 63,826
Beckman Coulter, Inc. ................. 1,097 62,419
Covance, Inc. (a)...................... 1,110 53,891
Cytyc Corp. (a)........................ 2,017 56,940
Dade Behring Holdings, Inc. ........... 1,580 64,606
Dentsply International, Inc. .......... 1,267 68,025
Edwards Lifesciences Corp. (a)......... 1,057 43,982
Gen-Probe, Inc. (a).................... 880 42,935
Henry Schein, Inc. (a)................. 1,530 66,769
Hillenbrand Industries, Inc. .......... 1,030 50,892
IDEXX Laboratories, Inc. (a)........... 597 42,972
INAMED Corp. (a)....................... 630 55,239
Intuitive Surgical, Inc. (a)........... 597 70,010
Kinetic Concepts, Inc. (a)............. 900 35,784
Mentor Corp. .......................... 660 30,413
ResMed, Inc. (a)....................... 1,197 45,857
Respironics, Inc. (a).................. 1,290 47,820
Sierra Health Services, Inc. (a)....... 460 36,782
The Cooper Cos., Inc. ................. 777 39,860
-----------
1,098,030
-----------
HEALTH CARE (SPECIAL SERVICES) -- 0.9%
Cerner Corp. (a)....................... 500 45,455
DaVita, Inc. (a)....................... 1,767 89,481
LifePoint Hospitals, Inc. (a).......... 907 34,012
Renal Care Group, Inc. (a)............. 1,187 56,157
-----------
225,105
-----------
</Table>
See accompanying notes to financial statements.
79
STREETTRACKS DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
HOMEBUILDING -- 1.0%
Beazer Homes USA, Inc. ................ 690 $ 50,260
Hovnanian Enterprises, Inc. (a)........ 620 30,777
M.D.C. Holdings, Inc. ................. 640 39,667
Meritage Homes Corp. (a)............... 400 25,168
Ryland Group, Inc. .................... 840 60,589
Standard Pacific Corp. ................ 1,200 44,160
-----------
250,621
-----------
HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.3%
Leggett & Platt, Inc. ................. 3,377 77,536
-----------
HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.4%
Church & Dwight Co., Inc. ............. 1,127 37,225
Energizer Holdings, Inc. (a)........... 1,250 62,237
-----------
99,462
-----------
INDUSTRIAL GOODS & SERVICES -- 0.1%
MSC Industrial Direct Co., Inc. (Class
A)................................... 810 32,578
-----------
INSURANCE (FINANCIAL GUARANTEE) -- 0.6%
PMI Group, Inc. ....................... 1,657 68,053
Radian Group, Inc. .................... 1,527 89,467
-----------
157,520
-----------
INSURANCE (LIFE/HEALTH) -- 0.9%
AmerUs Group Co. ...................... 690 39,102
Conseco, Inc. (a)...................... 2,667 61,794
Protective Life Corp. ................. 1,137 49,767
Reinsurance Group America, Inc. ....... 587 28,035
StanCorp Financial Group, Inc. ........ 1,000 49,950
-----------
228,648
-----------
INSURANCE (MULTI-LINE) -- 1.2%
American National Insurance Co. ....... 280 32,757
Hanover Insurance Group, Inc. ......... 940 39,264
HCC Insurance Holdings, Inc. .......... 1,957 58,084
Leucadia National Corp. ............... 1,427 67,725
Old Republic International Corp. ...... 3,037 79,752
Unitrin, Inc. ......................... 790 35,589
-----------
313,171
-----------
INSURANCE (PROPERTY/CASUALTY) -- 1.3%
Alleghany Corp. (a).................... 90 25,560
American Financial Group, Inc. ........ 707 27,085
First American Corp. .................. 1,477 66,908
Markel Corp. (a)....................... 160 50,728
Mercury General Corp. ................. 467 27,189
The Commerce Group, Inc. .............. 540 30,931
Wesco Financial Corp. ................. 30 11,550
WR Berkley Corp. ...................... 1,940 92,383
-----------
332,334
-----------
INSURANCE BROKERS -- 0.5%
Arthur J. Gallagher & Co. ............. 1,640 50,643
Brown & Brown, Inc. ................... 1,980 60,469
Erie Indemnity Co. (Class A)........... 520 27,664
-----------
138,776
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
INVESTMENT BANKING/BROKERAGE -- 0.6%
AG Edwards, Inc. ...................... 1,400 $ 65,604
Jefferies Group, Inc. ................. 870 39,132
Raymond James Financial, Inc. ......... 1,070 40,307
-----------
145,043
-----------
INVESTMENT MANAGEMENT -- 1.3%
Affiliated Managers Group, Inc. (a).... 590 47,347
Alliance Capital Management Holding
LP................................... 460 25,985
Eaton Vance Corp. ..................... 2,357 64,488
Federated Investors, Inc. ............. 1,697 62,857
Janus Capital Group, Inc. ............. 4,014 74,781
Nuveen Investments, Inc. .............. 1,117 47,607
-----------
323,065
-----------
LEISURE TIME (PRODUCTS) -- 0.9%
Brunswick Corp. ....................... 1,717 69,813
Hasbro, Inc. .......................... 2,804 56,585
International Speedway Corp. (Class
A)................................... 610 29,219
Polaris Industries, Inc. .............. 770 38,654
SCP Pool Corp. ........................ 937 34,875
-----------
229,146
-----------
LODGING (HOTELS) -- 0.4%
Gaylord Entertainment Co. (a).......... 700 30,513
Wynn Resorts, Ltd. (a)................. 1,217 66,752
-----------
97,265
-----------
MACHINERY (DIVERSIFIED) -- 0.6%
Graco, Inc. ........................... 1,220 44,505
IDEX Corp. ............................ 870 35,766
Joy Global, Inc. ...................... 2,070 82,800
-----------
163,071
-----------
MANUFACTURING (DIVERSIFIED) -- 1.8%
AMETEK, Inc. .......................... 1,220 51,899
Carlisle Cos., Inc. ................... 550 38,033
Harsco Corp. .......................... 737 49,755
Herman Miller, Inc. ................... 1,260 35,519
Pentair, Inc. ......................... 1,797 62,032
Roper Industries, Inc. ................ 1,517 59,937
SPX Corp. ............................. 1,347 61,652
Terex Corp. (a)........................ 877 52,094
The Brink's Co. ....................... 1,007 48,245
-----------
459,166
-----------
MANUFACTURING (SPECIALIZED) -- 0.8%
Donaldson Co., Inc. ................... 1,297 41,245
Pall Corp. ............................ 2,207 59,280
Teleflex, Inc. ........................ 640 41,587
Zebra Technologies Corp. (Class A)
(a).................................. 1,270 54,419
-----------
196,531
-----------
METAL FABRICATORS -- 0.3%
Commercial Metals Co. ................. 1,047 39,305
The Timken Co. ........................ 1,467 46,973
-----------
86,278
-----------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 2.5%
AGL Resources, Inc. ................... 1,290 44,905
Atmos Energy Corp. .................... 1,357 35,499
Energen Corp. ......................... 1,167 42,385
</Table>
See accompanying notes to financial statements.
80
STREETTRACKS DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Equitable Resources, Inc. ............. 2,037 $ 74,738
Kinder Morgan Management LLC (a)....... 767 34,868
National Fuel Gas Co. ................. 1,400 43,666
ONEOK, Inc. ........................... 1,707 45,457
Piedmont Natural Gas Co., Inc. ........ 1,277 30,852
Plains All American Pipeline LP........ 960 37,987
Southern Union Co. (a)................. 1,850 43,716
TEPPCO Partners LP..................... 1,237 43,097
UGI Corp. ............................. 1,837 37,842
Valero LP.............................. 700 36,232
Vectren Corp. ......................... 1,347 36,585
Western Gas Resources, Inc. ........... 1,140 53,683
-----------
641,512
-----------
OFFICE FURNISHINGS -- 0.2%
HNI Corp. ............................. 830 45,592
-----------
OIL & GAS (DRILLING & EQUIPMENT) -- 2.1%
Cooper Cameron Corp. (a)............... 2,040 84,456
FMC Technologies, Inc. (a)............. 1,220 52,362
Grant Prideco, Inc. (a)................ 2,270 100,152
Helmerich & Payne, Inc. ............... 820 50,766
Patterson-UTI Energy, Inc. ............ 3,047 100,399
Pride International, Inc. (a).......... 2,797 86,008
Rowan Cos., Inc. ...................... 1,887 67,253
-----------
541,396
-----------
OIL & GAS (EXPLORATION/PRODUCTS) -- 2.7%
Cabot Oil & Gas Corp. ................. 860 38,786
Cal Dive International, Inc. (a)....... 1,260 45,221
Cimarex Energy Co. (a)................. 1,437 61,805
Denbury Resources, Inc. (a)............ 2,127 48,453
Enterprise GP Holdings LP.............. 180 6,790
Forest Oil Corp. (a)................... 930 42,380
Plains Exploration & Production Co.
(a).................................. 1,370 54,430
Pogo Producing Co. .................... 1,030 51,304
Quicksilver Resources, Inc. (a)........ 950 39,910
Range Resources Corp. ................. 2,276 59,937
Southwestern Energy Co. (a)............ 2,987 107,353
St. Mary Land & Exploration Co. ....... 1,020 37,546
Unit Corp. (a)......................... 680 37,420
Vintage Petroleum, Inc. ............... 960 51,197
-----------
682,532
-----------
OIL & GAS (REFINING & MARKETING) -- 0.4%
Frontier Oil Corp. .................... 970 36,404
Tesoro Petroleum Corp. ................ 1,187 73,060
-----------
109,464
-----------
OIL FIELD SERVICES -- 0.2%
Tidewater, Inc. ....................... 947 42,104
-----------
PAPER & RELATED PRODUCTS -- 1.0%
Louisiana-Pacific Corp. ............... 1,817 49,913
Rayonier, Inc. ........................ 1,317 52,482
Smurfit-Stone Container Corp. (a)...... 4,494 63,680
Temple-Inland, Inc. ................... 2,027 90,911
-----------
256,986
-----------
PERSONAL & HOUSEHOLD GOODS -- 0.3%
Alberto-Culver Co. .................... 1,450 66,338
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
POWER PRODUCERS (INDEPENDENT) -- 0.5%
NRG Energy, Inc. (a)................... 1,440 $ 67,853
Reliant Energy, Inc. (a)............... 5,281 54,500
-----------
122,353
-----------
PUBLISHING -- 0.5%
Dex Media, Inc. ....................... 1,967 53,286
John Wiley & Sons, Inc. (Class A)...... 780 30,451
Meredith Corp. ........................ 727 38,051
-----------
121,788
-----------
PUBLISHING (NEWSPAPERS) -- 0.9%
Dow Jones & Co., Inc. ................. 800 28,392
Knight Ridder, Inc. ................... 1,160 73,428
Lee Enterprises, Inc. ................. 720 26,575
McClatchy Co. (Class A)................ 360 21,276
The New York Times Co. (Class A)....... 2,597 68,691
-----------
218,362
-----------
REAL ESTATE INVESTMENT TRUST -- 7.2%
AMB Property Corp. .................... 1,567 77,049
Apartment Investment & Management Co.
(Class A)............................ 1,677 63,508
Arden Realty, Inc. .................... 1,180 52,899
BRE Properties, Inc. (Class A)......... 900 40,932
Camden Property Trust.................. 917 53,113
CapitalSource, Inc. (a)................ 1,847 41,373
CarrAmerica Realty Corp. .............. 1,027 35,565
CB Richard Ellis Group, Inc. (Class A)
(a).................................. 1,120 65,912
CBL & Associates Properties, Inc. ..... 1,060 41,881
Centerpoint Properties Corp. .......... 857 42,404
Crescent Real Estate Equities Co. ..... 1,757 34,824
Duke Realty Corp. ..................... 2,527 84,402
Essex Property Trust, Inc. ............ 370 34,114
Federal Realty Investment Trust........ 930 56,405
Forest City Enterprises, Inc. ......... 1,110 42,102
Global Signal, Inc. ................... 370 15,969
Health Care Property Investors,
Inc. ................................ 2,347 59,989
Health Care REIT, Inc. ................ 1,017 34,476
Hospitality Properties Trust........... 1,180 47,318
HRPT Properties Trust.................. 3,537 36,608
iStar Financial, Inc. ................. 1,967 70,124
Liberty Property Trust................. 1,597 68,431
Macerich Co. .......................... 1,047 70,296
Mack-Cali Realty Corp. ................ 1,087 46,958
Mills Corp. ........................... 950 39,843
New Century Financial Corp. ........... 987 35,601
New Plan Excel Realty Trust............ 1,807 41,886
Pan Pacific Retail Properties, Inc. ... 720 48,161
Realty Income Corp. ................... 1,407 30,419
Reckson Associates Realty Corp. ....... 1,427 51,344
Regency Centers Corp. ................. 1,077 63,489
Shurgard Storage Centers, Inc. (Class
A)................................... 810 45,935
SL Green Realty Corp. ................. 720 55,001
Trizec Properties, Inc. ............... 1,637 37,520
United Dominion Realty Trust, Inc. .... 2,347 55,014
Ventas, Inc. .......................... 1,817 58,180
Weingarten Realty Investors............ 1,507 56,980
-----------
1,836,025
-----------
</Table>
See accompanying notes to financial statements.
81
STREETTRACKS DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
REINSURANCE -- 0.8%
Axis Capital Holdings, Ltd. ........... 2,157 $ 67,471
PartnerRe, Ltd. ....................... 967 63,503
RenaissanceRe Holdings, Ltd. .......... 1,257 55,446
Transatlantic Holdings, Inc. .......... 467 31,383
-----------
217,803
-----------
RESTAURANTS -- 0.6%
Brinker International, Inc. ........... 1,560 60,310
Outback Steakhouse, Inc. .............. 1,307 54,384
The Cheesecake Factory, Inc. (a)....... 1,377 51,486
-----------
166,180
-----------
RETAIL (COMPUTERS & ELECTRONICS) -- 0.5%
Circuit City Stores, Inc. ............. 3,187 71,995
RadioShack Corp. ...................... 2,377 49,988
-----------
121,983
-----------
RETAIL (DEPARTMENT STORES) -- 0.3%
Dillards, Inc. (Class A)............... 1,210 30,032
Saks, Inc. (a)......................... 2,227 37,547
-----------
67,579
-----------
RETAIL (DISCOUNTERS) -- 0.6%
BJ'S Wholesale Club, Inc. (a).......... 1,230 36,359
Dollar Tree Stores, Inc. (a)........... 1,927 46,132
Family Dollar Stores, Inc. ............ 2,787 69,090
-----------
151,581
-----------
RETAIL (SPECIALTY APPAREL) -- 1.7%
Abercrombie & Fitch Co. ............... 1,540 100,377
American Eagle Outfitters, Inc. ....... 2,317 53,245
AnnTaylor Stores Corp. (a)............. 1,290 44,531
Claire's Stores, Inc. ................. 1,550 45,291
Foot Locker, Inc. ..................... 2,767 65,274
Ross Stores, Inc. ..................... 2,617 75,631
Urban Outfitters, Inc. (a)............. 2,037 51,556
-----------
435,905
-----------
RETAIL (SPECIALTY) -- 2.0%
Advance Auto Parts, Inc. (a)........... 1,967 85,486
Barnes & Noble, Inc. .................. 990 42,243
CarMax, Inc. (a)....................... 1,840 50,931
Copart, Inc. (a)....................... 1,180 27,211
Michaels Stores, Inc. ................. 2,397 84,782
O'Reilly Automotive, Inc. (a).......... 1,967 62,964
OfficeMax, Inc. ....................... 1,147 29,088
PETsMART, Inc. ........................ 2,547 65,356
Williams-Sonoma, Inc. (a).............. 1,647 71,068
-----------
519,129
-----------
RETAIL STORES (DRUG STORE) -- 0.1%
Rite Aid Corp. (a)..................... 7,881 27,426
-----------
SAVINGS & LOAN COMPANIES -- 1.0%
Astoria Financial Corp. ............... 1,797 52,832
Capitol Federal Financial.............. 380 12,517
Independence Community Bank Corp. ..... 1,390 55,225
New York Community Bancorp, Inc. ...... 4,264 70,441
People's Bank.......................... 1,050 32,613
Washington Federal, Inc. .............. 1,530 35,175
-----------
258,803
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
SERVICES (ADVERTISING/MARKETING) -- 1.1%
Getty Images, Inc. (a)................. 827 $ 73,826
Harte-Hanks, Inc. ..................... 900 23,751
Lamar Advertising Co. (a).............. 1,490 68,749
R.H. Donnelley Corp. (a)............... 551 33,953
The Interpublic Group of Cos., Inc.
(a).................................. 7,471 72,095
-----------
272,374
-----------
SERVICES (COMMERCIAL & CONSUMER) -- 5.2%
ADESA, Inc. ........................... 1,620 39,560
Alliance Data Systems Corp. (a)........ 1,200 42,720
Aramark Corp. ......................... 2,107 58,532
Avnet, Inc. (a)........................ 2,137 51,160
Career Education Corp. (a)............. 1,810 61,033
Checkfree Corp. (a).................... 1,360 62,424
ChoicePoint, Inc. (a).................. 1,567 69,747
Convergys Corp. (a).................... 2,507 39,736
Deluxe Corp. .......................... 890 26,825
Education Management Corp. (a)......... 1,210 40,547
Equifax, Inc. ......................... 2,387 90,754
Fastenal Co. .......................... 2,487 97,466
Ingram Micro, Inc. (Class A) (a)....... 2,417 48,171
Iron Mountain, Inc. (a)................ 1,947 82,202
ITT Educational Services, Inc. (a)..... 810 47,879
Laidlaw International, Inc. ........... 1,837 42,674
Laureate Education, Inc. (a)........... 790 41,483
Pharmaceutical Product Development,
Inc. ................................ 887 54,950
Sabre Holdings Corp.(Class A).......... 2,427 58,515
Service Corp. International............ 5,484 44,859
The Corporate Executive Board Co. ..... 730 65,481
The Service Master Co. ................ 5,171 61,793
Valassis Communications, Inc. (a)...... 917 26,657
VCA Antech, Inc. (a)................... 1,450 40,890
Weight Watchers International, Inc.
(a).................................. 720 35,590
-----------
1,331,648
-----------
SERVICES (DATA PROCESSING) -- 1.4%
Certegy, Inc. ......................... 1,107 44,900
Dun & Bradstreet Corp. (a)............. 1,220 81,691
Fair Isaac Corp. ...................... 1,190 52,562
Global Payments, Inc. ................. 1,440 67,119
MoneyGram International, Inc. ......... 1,567 40,867
NAVTEQ Corp. (a)....................... 1,587 69,622
Total System Services, Inc. ........... 667 13,200
-----------
369,961
-----------
SERVICES (EMPLOYMENT) -- 0.7%
Hewitt Associates, Inc. (Class A)
(a).................................. 890 24,929
Manpower, Inc. ........................ 1,597 74,261
Monster Worldwide, Inc. (a)............ 1,920 78,374
-----------
177,564
-----------
STEEL -- 0.2%
Allegheny Technologies, Inc. .......... 1,477 53,290
-----------
TELEPHONE -- 0.8%
CenturyTel, Inc. ...................... 2,247 74,511
Citizens Communications Co. ........... 5,934 72,573
Telephone & Data Systems, Inc. ........ 1,817 65,466
-----------
212,550
-----------
</Table>
See accompanying notes to financial statements.
82
STREETTRACKS DJ WILSHIRE MID CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
TEXTILES (APPAREL) -- 0.8%
Jones Apparel Group, Inc. ............. 2,157 $ 66,263
Liz Claiborne, Inc. ................... 1,927 69,025
Polo Ralph Lauren Corp. ............... 1,050 58,947
-----------
194,235
-----------
TOBACCO -- 0.2%
Loews Corp. (Carolina Group)........... 1,426 62,730
-----------
TRANSPORTATION -- 0.5%
Alexander & Baldwin, Inc. ............. 770 41,765
Overseas Shipholding Group, Inc. ...... 580 29,226
Teekay Shipping Corp. ................. 857 34,194
UTI Worldwide, Inc. ................... 330 30,637
-----------
135,822
-----------
TRUCKING -- 0.9%
CNF, Inc. ............................. 937 52,369
J.B. Hunt Transport Services, Inc. .... 2,227 50,419
Landstar Systems, Inc. ................ 1,057 44,119
Ryder Systems, Inc. ................... 1,137 46,640
YRC Worldwide, Inc (a)................. 960 42,826
-----------
236,373
-----------
TRUCKS & PARTS -- 0.6%
Cummins, Inc. ......................... 700 62,811
Navistar International Corp. (a)....... 1,097 31,396
Oshkosh Truck Corp. ................... 1,297 57,833
-----------
152,040
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
WASTE MANAGEMENT -- 0.3%
Republic Services, Inc. ............... 2,147 $ 80,620
-----------
TOTAL COMMON STOCKS --
(Cost $24,927,671)................... 25,456,178
-----------
SHORT TERM INVESTMENTS -- 0.2%
MONEY MARKET FUND -- 0.2%
AIM Short Term Investment
Class Prime Fund (Cost $58,879)...... 58,879 58,879
-----------
TOTAL INVESTMENTS -- 99.6% (Cost
$24,986,550)......................... 25,515,057
OTHER ASSETS AND
LIABILITIES -- 0.4%.................. 102,283
-----------
NET ASSETS -- 100.0%................... $25,617,340
===========
(a) Non-income producing security
</Table>
See accompanying notes to financial statements.
83
STREETTRACKS DJ WILSHIRE MID CAP GROWTH ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.4%
AEROSPACE/DEFENSE -- 0.4%
Alliant Techsystems, Inc. (a).......... 1,350 $ 102,829
-----------
AIRLINES -- 0.4%
JetBlue Airways Corp. (a).............. 5,784 88,958
-----------
AUTO PARTS & EQUIPMENT -- 0.9%
BorgWarner, Inc. ...................... 2,007 121,684
Gentex Corp. .......................... 5,713 111,404
-----------
233,088
-----------
BANKS (REGIONAL) -- 0.3%
Investors Financial Services Corp. .... 2,385 87,840
-----------
BEVERAGES (NON-ALCOHOLIC) -- 0.2%
PepsiAmericas, Inc. ................... 2,475 57,569
-----------
BIOTECHNOLOGY -- 3.3%
Affymetrix, Inc. (a)................... 2,378 113,550
Charles River Laboratories
International, Inc. (a).............. 2,583 109,442
ImClone Systems, Inc. (a).............. 2,385 81,662
Invitrogen Corp. (a)................... 1,899 126,549
Millennium Pharmaceuticals, Inc. (a)... 11,046 107,146
Millipore Corp. (a).................... 1,782 117,683
PDL Biopharma, Inc. (a)................ 4,116 116,977
Techne Corp. (a)....................... 1,314 73,781
-----------
846,790
-----------
BROADCASTING (TV, RADIO & CABLE) -- 0.2%
Westwood One, Inc. .................... 2,691 43,863
-----------
BUILDING MATERIALS -- 0.4%
Florida Rock Industries, Inc. ......... 1,833 89,927
-----------
CELLULAR/WIRELESS TELECOMMUNICATIONS -- 1.4%
Alamosa Holdings, Inc. (a)............. 5,370 99,936
NII Holdings, Inc. (a)................. 4,924 215,080
US Cellular Corp. (a).................. 555 27,417
-----------
342,433
-----------
CHEMICALS (DIVERSIFIED) -- 0.2%
Celanese Corp. ........................ 2,630 50,286
-----------
CHEMICALS (SPECIALTY) -- 1.1%
Sigma-Aldrich Corp. ................... 2,124 134,428
The Mosaic Co. (a)..................... 4,542 66,449
The Scotts Co. (Class A)............... 1,620 73,289
-----------
274,166
-----------
COAL -- 0.7%
Arch Coal, Inc. ....................... 2,214 176,013
-----------
COMMUNICATIONS EQUIPMENT -- 1.7%
Avaya, Inc. (a)........................ 16,412 175,116
Avid Technology, Inc. (a).............. 1,494 81,812
JDS Uniphase Corp. (a)................. 57,990 136,856
West Corp. (a)......................... 954 40,211
-----------
433,995
-----------
COMPUTER SOFTWARE/SERVICES -- 6.3%
Activision, Inc. (a)................... 9,879 135,738
BEA Systems, Inc. (a).................. 14,196 133,442
Ceridian Corp. (a)..................... 5,452 135,482
Citrix Systems, Inc. (a)............... 6,390 183,904
Diebold, Inc. ......................... 2,583 98,154
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
DST Systems, Inc. (a).................. 2,277 $ 136,415
Emdeon Corp. (a)....................... 10,579 89,498
McAfee, Inc. (a)....................... 6,122 166,090
Mercury Interactive Corp. (a).......... 3,039 84,454
Pixar (a).............................. 2,070 109,130
Red Hat, Inc. (a)...................... 6,061 165,102
Salesforce.com, Inc. (a)............... 2,817 90,285
Sybase, Inc. (a)....................... 3,231 70,630
-----------
1,598,324
-----------
COMPUTERS (PERIPHERALS) -- 0.6%
Western Digital Corp. (a).............. 7,886 146,758
-----------
CONSUMER FINANCE -- 0.7%
AmeriCredit Corp. (a).................. 5,116 131,123
Student Loan Corp. .................... 144 30,129
WFS Financial, Inc. (a)................ 234 17,819
-----------
179,071
-----------
CONTAINERS (METALS & GLASS) -- 1.1%
Ball Corp. ............................ 3,678 146,090
Crown Holdings, Inc. (a)............... 6,109 119,309
-----------
265,399
-----------
CONTAINERS / PACKAGING (PAPER & PLASTIC) -- 0.5%
Pactiv Corp. (a)....................... 5,215 114,730
-----------
ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.8%
CDW Corp. ............................. 2,240 128,957
Sanmina-SCI Corp. (a).................. 18,765 79,939
-----------
208,896
-----------
ELECTRONICS (INSTRUMENT) -- 1.8%
Amphenol Corp. (Class A)............... 3,156 139,684
Cogent, Inc. (a)....................... 1,401 31,775
FLIR Systems, Inc. (a)................. 2,463 54,999
National Instruments Corp. ............ 1,899 60,863
Thermo Electron Corp. (a).............. 5,893 177,556
-----------
464,877
-----------
ELECTRONICS (SEMICONDUCTORS) -- 2.9%
Fairchild Semiconductor International,
Inc. (a)............................. 4,299 72,696
International Rectifier Corp. (a)...... 2,600 82,940
Intersil Corp. (Class A)............... 5,618 139,776
MEMC Electronic Materials, Inc. (a).... 5,397 119,651
NVIDIA Corp. (a)....................... 5,866 214,461
QLogic Corp. (a)....................... 3,105 100,944
-----------
730,468
-----------
ENGINEERING & CONSTRUCTION -- 0.6%
Jacobs Engineering Group, Inc. (a)..... 2,125 144,224
-----------
ENTERTAINMENT -- 0.3%
DreamWorks Animation SKG, Inc. (Class
A) (a)............................... 1,602 39,345
Warner Music Group Corp. .............. 1,688 32,528
-----------
71,873
-----------
ENVIRONMENTAL CONTROL -- 0.6%
Allied Waste Industries, Inc. (a)...... 7,662 66,966
Stericycle, Inc. (a)................... 1,629 95,915
-----------
162,881
-----------
</Table>
See accompanying notes to financial statements.
84
STREETTRACKS DJ WILSHIRE MID CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
EQUIPMENT (SEMICONDUCTORS) -- 1.2%
Lam Research Corp. (a)................. 4,928 $ 175,831
Novellus Systems, Inc. (a)............. 5,158 124,411
-----------
300,242
-----------
FINANCIAL (DIVERSIFIED) -- 0.4%
SEI Investments Co. ................... 2,402 88,874
-----------
FOOTWEAR -- 0.7%
Reebok International, Ltd. ............ 1,773 103,242
The Timberland Co. (Class A) (a)....... 2,016 65,621
-----------
168,863
-----------
GAMING & LOTTERY -- 1.9%
Boyd Gaming Corp. ..................... 1,665 79,354
GTECH Holdings Corp. (a)............... 4,548 144,353
Penn National Gaming, Inc. (a)......... 2,241 73,841
Scientific Games Corp. (ClassA) (a).... 2,449 66,809
Station Casinos, Inc. ................. 1,737 117,769
-----------
482,126
-----------
GOLD/PRECIOUS METALS MINING -- 0.5%
Glamis Gold, Ltd. (a).................. 4,816 132,344
-----------
HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 4.3%
American Pharmaceutical Partners, Inc.
(a).................................. 849 32,933
Cephalon, Inc. (a)..................... 2,043 132,264
Endo Pharmaceuticals Holdings, Inc.
(a).................................. 4,007 121,252
IVAX Corp. (a)......................... 8,007 250,859
King Pharmaceuticals, Inc. (a)......... 8,806 148,997
Kos Pharmaceuticals, Inc. (a).......... 822 42,522
Medicis Pharmaceutical Corp. (Class
A)................................... 2,016 64,613
Mylan Laboratories, Inc. .............. 7,954 158,762
Watson Pharmaceuticals, Inc. (a)....... 3,839 124,806
-----------
1,077,008
-----------
HEALTH CARE (HOSPITAL MANAGEMENT) -- 1.3%
Community Health Systems, Inc. (a)..... 3,138 120,311
Triad Hospitals, Inc. (a).............. 3,075 120,632
Universal Health Services, Inc. (Class
B)................................... 1,862 87,030
-----------
327,973
-----------
HEALTH CARE (MANAGED CARE) -- 2.9%
Health Net, Inc. (a)................... 4,132 213,005
Lincare Holdings, Inc. (a)............. 3,615 151,505
Manor Care, Inc. ...................... 2,850 113,344
Omnicare, Inc. ........................ 4,350 248,907
WellPoint, Inc. (a).................... 4 337
-----------
727,098
-----------
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 8.1%
Amylin Pharmaceuticals, Inc. (a)....... 3,606 143,951
Bausch & Lomb, Inc. ................... 1,917 130,164
Beckman Coulter, Inc. ................. 2,229 126,830
Covance, Inc. (a)...................... 2,256 109,529
Cytyc Corp. (a)........................ 4,095 115,602
Dade Behring Holdings, Inc. ........... 3,213 131,380
Dentsply International, Inc. .......... 2,574 138,198
Edwards Lifesciences Corp. (a)......... 2,142 89,129
Gen-Probe, Inc. (a).................... 1,788 87,236
Henry Schein, Inc. (a)................. 3,114 135,895
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
IDEXX Laboratories, Inc. (a)........... 1,212 $ 87,240
INAMED Corp. (a)....................... 1,378 120,823
Intuitive Surgical, Inc. (a)........... 1,315 154,210
Kinetic Concepts, Inc. (a)............. 1,827 72,641
Mentor Corp. .......................... 1,438 66,263
ResMed, Inc. (a)....................... 2,539 97,269
Respironics, Inc. (a).................. 2,626 97,346
Sierra Health Services, Inc. (a)....... 936 74,843
The Cooper Cos., Inc. ................. 1,581 81,105
-----------
2,059,654
-----------
HEALTH CARE (SPECIAL SERVICES) -- 1.8%
Cerner Corp. (a)....................... 1,117 101,546
DaVita, Inc. (a)....................... 3,600 182,304
LifePoint Hospitals, Inc. (a).......... 1,845 69,188
Renal Care Group, Inc. (a)............. 2,412 114,112
-----------
467,150
-----------
HOMEBUILDING -- 0.9%
Hovnanian Enterprises, Inc. (a)........ 1,260 62,546
Meritage Homes Corp. (a)............... 807 50,777
Ryland Group, Inc. .................... 1,710 123,342
-----------
236,665
-----------
HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.8%
Church & Dwight Co., Inc. ............. 2,286 75,507
Energizer Holdings, Inc. (a)........... 2,547 126,815
-----------
202,322
-----------
INDUSTRIAL GOODS & SERVICES -- 0.3%
MSC Industrial Direct Co., Inc. (Class
A)................................... 1,647 66,242
-----------
INSURANCE (MULTI-LINE) -- 0.5%
HCC Insurance Holdings, Inc. .......... 4,068 120,738
-----------
INSURANCE (PROPERTY/CASUALTY) -- 1.7%
First American Corp. .................. 3,006 136,172
Markel Corp. (a)....................... 333 105,578
WR Berkley Corp. ...................... 3,951 188,146
-----------
429,896
-----------
INSURANCE BROKERS -- 0.5%
Brown & Brown, Inc. ................... 4,032 123,137
-----------
INVESTMENT MANAGEMENT -- 0.9%
Affiliated Managers Group, Inc. (a).... 1,206 96,781
Eaton Vance Corp. ..................... 4,797 131,246
-----------
228,027
-----------
LEISURE TIME (PRODUCTS) -- 0.8%
International Speedway Corp. (Class
A)................................... 1,248 59,779
Polaris Industries, Inc. .............. 1,563 78,463
SCP Pool Corp. ........................ 1,899 70,681
-----------
208,923
-----------
LODGING (HOTELS) -- 0.5%
Wynn Resorts, Ltd. (a)................. 2,475 135,754
-----------
MACHINERY (DIVERSIFIED) -- 1.0%
Graco, Inc. ........................... 2,484 90,616
Joy Global, Inc. ...................... 4,212 168,480
-----------
259,096
-----------
</Table>
See accompanying notes to financial statements.
85
STREETTRACKS DJ WILSHIRE MID CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
MANUFACTURING (DIVERSIFIED) -- 0.9%
AMETEK, Inc. .......................... 2,490 $ 105,924
Roper Industries, Inc. ................ 3,084 121,849
-----------
227,773
-----------
MANUFACTURING (SPECIALIZED) -- 0.8%
Donaldson Co., Inc. ................... 2,634 83,761
Zebra Technologies Corp. (Class A)
(a).................................. 2,583 110,682
-----------
194,443
-----------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 1.7%
Energen Corp. ......................... 2,376 86,296
Equitable Resources, Inc. ............. 4,146 152,117
Kinder Morgan Management LLC (a)....... 1,657 75,327
Western Gas Resources, Inc. ........... 2,319 109,202
-----------
422,942
-----------
OFFICE FURNISHINGS -- 0.3%
HNI Corp. ............................. 1,583 86,954
-----------
OIL & GAS (DRILLING & EQUIPMENT) -- 4.4%
Cooper Cameron Corp. (a)............... 4,160 172,224
FMC Technologies, Inc. (a)............. 2,490 106,871
Grant Prideco, Inc. (a)................ 4,719 208,202
Helmerich & Payne, Inc. ............... 1,665 103,080
Patterson-UTI Energy, Inc. ............ 6,291 207,289
Pride International, Inc. (a).......... 5,794 178,166
Rowan Cos., Inc. ...................... 3,949 140,742
-----------
1,116,574
-----------
OIL & GAS (EXPLORATION/PRODUCTS) -- 4.7%
Cabot Oil & Gas Corp. ................. 1,752 79,015
Cal Dive International, Inc. (a)....... 2,574 92,381
Cimarex Energy Co. (a)................. 2,925 125,804
Denbury Resources, Inc. (a)............ 4,221 96,154
Enterprise GP Holdings LP.............. 378 14,258
Plains Exploration & Production Co.
(a).................................. 2,787 110,728
Pogo Producing Co. .................... 1,994 99,321
Quicksilver Resources, Inc. (a)........ 1,926 80,911
Range Resources Corp. ................. 4,626 121,849
Southwestern Energy Co. (a)............ 6,062 217,868
St. Mary Land & Exploration Co. ....... 2,076 76,418
Unit Corp. (a)......................... 1,386 76,272
-----------
1,190,979
-----------
OIL & GAS (REFINING & MARKETING) -- 0.3%
Frontier Oil Corp. .................... 1,971 73,972
-----------
PERSONAL & HOUSEHOLD GOODS -- 0.5%
Alberto-Culver Co. .................... 2,952 135,054
-----------
PUBLISHING -- 0.7%
Dex Media, Inc. ....................... 4,005 108,495
John Wiley & Sons, Inc. (Class A)...... 1,593 62,191
-----------
170,686
-----------
PUBLISHING (NEWSPAPERS) -- 0.2%
Dow Jones & Co., Inc. ................. 1,626 57,707
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
REAL ESTATE INVESTMENT TRUST -- 1.3%
CapitalSource, Inc. (a)................ 3,843 $ 86,083
CB Richard Ellis Group, Inc. (Class A)
(a).................................. 2,181 128,352
Forest City Enterprises, Inc. ......... 2,259 85,684
Global Signal, Inc. ................... 753 32,499
-----------
332,618
-----------
REINSURANCE -- 0.5%
Axis Capital Holdings, Ltd. ........... 4,380 137,006
-----------
RESTAURANTS -- 1.3%
Brinker International, Inc. ........... 3,177 122,823
Outback Steakhouse, Inc. .............. 2,655 110,474
The Cheesecake Factory, Inc. (a)....... 2,799 104,655
-----------
337,952
-----------
RETAIL (DISCOUNTERS) -- 1.2%
BJ'S Wholesale Club, Inc. (a).......... 2,508 74,136
Dollar Tree Stores, Inc. (a)........... 3,924 93,941
Family Dollar Stores, Inc. ............ 5,767 142,964
-----------
311,041
-----------
RETAIL (SPECIALTY APPAREL) -- 3.6%
Abercrombie & Fitch Co. ............... 3,138 204,535
American Eagle Outfitters, Inc. ....... 4,808 110,488
AnnTaylor Stores Corp. (a)............. 2,628 90,719
Claire's Stores, Inc. ................. 3,252 95,023
Foot Locker, Inc. ..................... 5,740 135,407
Ross Stores, Inc. ..................... 5,416 156,522
Urban Outfitters, Inc. (a)............. 4,246 107,466
-----------
900,160
-----------
RETAIL (SPECIALTY) -- 3.6%
Advance Auto Parts, Inc. (a)........... 3,996 173,666
CarMax, Inc. (a)....................... 3,744 103,634
Copart, Inc. (a)....................... 2,409 55,552
Michaels Stores, Inc. ................. 4,884 172,747
O'Reilly Automotive, Inc. (a).......... 4,002 128,104
PETsMART, Inc. ........................ 5,272 135,279
Williams-Sonoma, Inc. (a).............. 3,354 144,725
-----------
913,707
-----------
SERVICES (ADVERTISING/MARKETING) -- 1.6%
Getty Images, Inc. (a)................. 1,783 159,168
Harte-Hanks, Inc. ..................... 1,836 48,452
Lamar Advertising Co. (a).............. 3,033 139,943
R.H. Donnelley Corp. (a)............... 1,125 69,323
-----------
416,886
-----------
SERVICES (COMMERCIAL & CONSUMER) -- 7.0%
Alliance Data Systems Corp. (a)........ 2,529 90,032
Aramark Corp. ......................... 4,290 119,176
Career Education Corp. (a)............. 3,587 120,954
Checkfree Corp. (a).................... 2,758 126,592
ChoicePoint, Inc. (a).................. 3,192 142,076
Convergys Corp. (a).................... 5,100 80,835
Education Management Corp. (a)......... 2,457 82,334
Fastenal Co. .......................... 5,164 202,377
Iron Mountain, Inc. (a)................ 3,966 167,445
ITT Educational Services, Inc. (a)..... 1,647 97,354
Laureate Education, Inc. (a)........... 1,608 84,436
Pharmaceutical Product Development,
Inc. ................................ 1,806 111,882
</Table>
See accompanying notes to financial statements.
86
STREETTRACKS DJ WILSHIRE MID CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
The Corporate Executive Board Co. ..... 1,491 $ 133,743
Valassis Communications, Inc. (a)...... 1,863 54,157
VCA Antech, Inc. (a)................... 2,949 83,162
Weight Watchers International, Inc.
(a).................................. 1,458 72,069
-----------
1,768,624
-----------
SERVICES (DATA PROCESSING) -- 2.9%
Certegy, Inc. ......................... 2,250 91,260
Dun & Bradstreet Corp. (a)............. 2,484 166,329
Fair Isaac Corp. ...................... 2,421 106,936
Global Payments, Inc. ................. 2,827 131,766
MoneyGram International, Inc. ......... 3,086 80,483
NAVTEQ Corp. (a)....................... 3,228 141,612
Total System Services, Inc. ........... 1,350 26,716
-----------
745,102
-----------
SERVICES (EMPLOYMENT) -- 1.4%
Hewitt Associates, Inc. (Class A)
(a).................................. 1,910 53,499
Manpower, Inc. ........................ 3,146 146,289
Monster Worldwide, Inc. (a)............ 3,912 159,688
-----------
359,476
-----------
TEXTILES (APPAREL) -- 0.6%
Liz Claiborne, Inc. ................... 3,924 140,558
-----------
TRANSPORTATION -- 0.2%
UTI Worldwide, Inc. ................... 675 62,667
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
TRUCKING -- 0.8%
J.B. Hunt Transport Services, Inc. .... 4,533 $ 102,627
Landstar Systems, Inc. ................ 2,151 89,783
-----------
192,410
-----------
TRUCKS & PARTS -- 0.5%
Oshkosh Truck Corp. ................... 2,637 117,584
-----------
TOTAL COMMON STOCKS -- (Cost
$24,593,775)......................... 25,170,265
-----------
SHORT TERM INVESTMENTS -- 0.3%
MONEY MARKET FUND -- 0.3%
AIM Short Term Investment Class Prime
Fund (Cost $93,378).................. 93,378 93,378
-----------
TOTAL INVESTMENTS -- 99.7%
(Cost $24,687,153)................... 25,263,643
OTHER ASSETS AND LIABILITIES -- 0.3% 63,492
-----------
NET ASSETS -- 100.0%................... $25,327,135
===========
(a) Non-income producing security
</Table>
See accompanying notes to financial statements.
87
STREETTRACKS DJ WILSHIRE MID CAP VALUE ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.7%
AUTO PARTS & EQUIPMENT -- 0.9%
Dana Corp. ............................ 5,298 $ 38,040
Lear Corp. ............................ 2,417 68,788
The Goodyear Tire & Rubber Co. (a)..... 6,185 107,495
TRW Automotive Holdings Corp. (a)...... 850 22,397
-----------
236,720
-----------
BANKS (REGIONAL) -- 7.8%
Associated BancCorp. .................. 4,461 145,206
Bank of Hawaii Corp. .................. 1,887 97,256
BOK Financial Corp. ................... 1,017 46,202
City National Corp. ................... 1,607 116,411
Colonial BancGroup, Inc. .............. 5,431 129,366
Commerce Bancshares, Inc. ............. 2,424 126,339
Cullen/Frost Bankers, Inc. ............ 1,827 98,073
First Horizon National Corp. .......... 4,351 167,253
FirstMerit Corp. ...................... 2,764 71,615
Fulton Financial Corp. ................ 5,538 97,469
Hudson United Bancorp.................. 1,587 66,146
International Bancshares Corp. ........ 1,757 51,586
Mercantile Bankshares Corp. ........... 2,891 163,168
Sky Financial Group, Inc. ............. 3,771 104,909
South Financial Group, Inc. ........... 2,594 71,439
TCF Financial Corp. ................... 4,528 122,890
TD Banknorth, Inc. .................... 2,994 86,976
Valley National Bancorp................ 3,921 94,496
Webster Financial Corp. ............... 1,897 88,969
Wilmington Trust Corp. ................ 2,377 92,489
-----------
2,038,258
-----------
BEVERAGES (ALCOHOLIC) -- 1.1%
Brown-Forman Corp. .................... 1,937 134,273
Molson Coors Brewing Co. .............. 2,424 162,384
-----------
296,657
-----------
BEVERAGES (NON-ALCOHOLIC) -- 0.5%
Aqua America, Inc. .................... 4,468 121,976
-----------
BIOTECHNOLOGY -- 0.7%
Applera Corp. -- Applied Biosystems
Group................................ 7,115 188,974
-----------
BROADCASTING (TV, RADIO & CABLE) -- 0.8%
Belo Corp. ............................ 3,431 73,458
Discovery Holding Co. (Class A) (a).... 9,879 149,667
-----------
223,125
-----------
BUILDING MATERIALS -- 1.3%
Eagle Materials, Inc. ................. 647 79,167
Lafarge North America, Inc. ........... 1,067 58,706
Martin Marietta Materials, Inc. ....... 1,657 127,125
USG Corp. (a).......................... 1,137 73,905
-----------
338,903
-----------
CHEMICALS (DIVERSIFIED) -- 0.8%
Airgas, Inc. .......................... 2,267 74,584
FMC Corp. (a).......................... 1,310 69,653
Huntsman Corp. (a)..................... 3,184 54,829
-----------
199,066
-----------
CHEMICALS (SPECIALTY) -- 3.9%
Ashland, Inc. ......................... 2,567 148,629
Cabot Corp. ........................... 1,977 70,777
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Chemtura Corp. ........................ 8,222 $ 104,419
Cytec Industries, Inc. ................ 1,327 63,205
Eastman Chemical Co. .................. 2,894 149,301
Engelhard Corp. ....................... 4,281 129,072
International Flavors & Fragrances,
Inc. ................................ 3,064 102,644
Lubrizol Corp. ........................ 2,374 103,103
RPM, Inc. ............................. 4,091 71,061
Valspar Corp. ......................... 3,331 82,176
-----------
1,024,387
-----------
COAL -- 1.2%
CONSOL Energy, Inc. ................... 3,271 213,204
Massey Energy Co. ..................... 2,674 101,264
-----------
314,468
-----------
COMMUNICATIONS EQUIPMENT -- 1.1%
ADC Telecommunications, Inc. (a)....... 4,081 91,170
PanAmSat Holding Corp. ................ 1,807 44,271
Tellabs, Inc. (a)...................... 14,537 158,453
-----------
293,894
-----------
COMPUTER SOFTWARE/SERVICES -- 3.7%
BMC Software, Inc. (a)................. 7,665 157,056
Cadence Design Systems, Inc. (a)....... 9,639 163,092
Compuware Corp. (a).................... 12,173 109,192
Novell, Inc. (a)....................... 13,253 117,024
Siebel Systems, Inc. .................. 16,764 177,363
Synopsys, Inc. (a)..................... 5,118 102,667
The Reynolds & Reynolds Co. ........... 2,277 63,915
Unisys Corp. (a)....................... 11,946 69,645
-----------
959,954
-----------
CONSUMER FINANCE -- 0.2%
Westcorp............................... 847 56,419
-----------
CONTAINERS (METALS & GLASS) -- 0.4%
Owens-Illinois, Inc. (a)............... 4,938 103,896
-----------
CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 1.6%
Bemis Co. ............................. 3,771 105,098
Packaging Corp. of America............. 2,184 50,123
Sealed Air Corp. (a)................... 2,954 165,926
Sonoco Products Co. ................... 3,481 102,341
-----------
423,488
-----------
DISTRIBUTION/WHOLESALE -- 0.3%
Hughes Supply, Inc. ................... 2,327 83,423
-----------
DISTRIBUTORS (FOOD & HEALTH) -- 0.6%
SUPERVALU, Inc. ....................... 4,761 154,637
-----------
ELECTRIC UTILITIES -- 8.7%
Allegheny Energy, Inc. (a)............. 5,718 180,975
Alliant Energy Corp. .................. 4,101 114,992
CenterPoint Energy, Inc. .............. 9,579 123,090
CMS Energy Corp. (a)................... 7,715 111,945
DPL, Inc. ............................. 4,231 110,048
Energy East Corp. ..................... 5,191 118,355
Great Plains Energy, Inc. ............. 2,624 73,367
Hawaiian Electric Industries, Inc. .... 2,834 73,401
MDU Resources Group, Inc. ............. 3,931 128,701
Northeast Utilities.................... 5,321 104,771
NSTAR.................................. 3,761 107,941
OGE Energy Corp. ...................... 3,174 85,031
</Table>
See accompanying notes to financial statements.
88
STREETTRACKS DJ WILSHIRE MID CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Pepco Holdings, Inc. .................. 6,645 $ 148,649
Pinnacle West Capital Corp. ........... 3,441 142,285
Puget Energy, Inc. .................... 4,051 82,721
SCANA Corp. ........................... 3,604 141,926
TECO Energy, Inc. ..................... 7,045 121,033
Westar Energy, Inc. ................... 3,014 64,801
Wisconsin Energy Corp. ................ 4,121 160,966
WPS Resources Corp. ................... 1,517 83,905
-----------
2,278,903
-----------
ELECTRICAL EQUIPMENT -- 0.7%
Hubbell, Inc. (Class B)................ 2,034 91,774
Thomas & Betts Corp. (a)............... 2,177 91,347
-----------
183,121
-----------
ELECTRONICS (COMPONENT DISTRIBUTION) -- 1.6%
Arrow Electronics, Inc. (a)............ 4,161 133,277
Solectron Corp. (a).................... 34,278 125,458
Tech Data Corp. (a).................... 2,047 81,225
Vishay Intertechnology, Inc. (a)....... 5,948 81,844
-----------
421,804
-----------
ELECTRONICS (INSTRUMENT) -- 1.6%
Molex, Inc. ........................... 4,621 119,915
PerkinElmer, Inc. ..................... 4,251 100,153
Symbol Technologies, Inc. ............. 8,552 109,637
Tektronix, Inc. ....................... 2,981 84,094
-----------
413,799
-----------
ELECTRONICS (SEMICONDUCTORS) -- 0.7%
Cypress Semiconductor Corp. (a)........ 4,711 67,132
LSI Logic Corp. (a).................... 13,673 109,384
-----------
176,516
-----------
ENTERTAINMENT -- 0.1%
Regal Entertainment Group.............. 1,617 30,755
-----------
ENVIRONMENTAL CONTROL -- 0.2%
Nalco Holding Co. (a).................. 2,951 52,262
-----------
EQUIPMENT (SEMICONDUCTORS) -- 0.4%
Teradyne, Inc. (a)..................... 6,845 99,732
-----------
FINANCIAL (DIVERSIFIED) -- 0.8%
IndyMac Bancorp, Inc. ................. 2,204 86,000
IntercontinentalExchange, Inc. (a)..... 600 21,810
Thornburg Mortgage, Inc. .............. 3,551 93,036
-----------
200,846
-----------
FOOD PRODUCTS -- 1.8%
Del Monte Foods Co. (a)................ 7,025 73,271
Hormel Foods Corp. .................... 2,617 85,524
JM Smucker Co. ........................ 2,054 90,376
McCormick & Co., Inc. ................. 4,171 128,967
Smithfield Foods, Inc. (a)............. 3,274 100,184
-----------
478,322
-----------
GOLD/PRECIOUS METALS MINING -- 0.3%
Meridian Gold, Inc. (a)................ 3,494 76,414
-----------
HAND/MACHINE TOOLS -- 0.8%
Snap-on, Inc. ......................... 1,847 69,374
The Stanley Works...................... 3,004 144,312
-----------
213,686
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 0.8%
Advanced Medical Optics, Inc. (a)...... 2,294 $ 95,889
Hillenbrand Industries, Inc. .......... 2,057 101,636
-----------
197,525
-----------
HOMEBUILDING -- 1.0%
Beazer Homes USA, Inc. ................ 1,377 100,301
M.D.C. Holdings, Inc. ................. 1,170 72,517
Standard Pacific Corp. ................ 2,394 88,099
-----------
260,917
-----------
HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.6%
Leggett & Platt, Inc. ................. 6,728 154,475
-----------
INSURANCE (FINANCIAL GUARANTEE) -- 1.2%
PMI Group, Inc. ....................... 3,304 135,695
Radian Group, Inc. .................... 3,034 177,762
-----------
313,457
-----------
INSURANCE (LIFE/HEALTH) -- 1.7%
AmerUs Group Co. ...................... 1,377 78,035
Conseco, Inc. (a)...................... 5,318 123,218
Protective Life Corp. ................. 2,264 99,095
Reinsurance Group America, Inc. ....... 1,167 55,736
StanCorp Financial Group, Inc. ........ 2,000 99,900
-----------
455,984
-----------
INSURANCE (MULTI-LINE) -- 1.9%
American National Insurance Co. ....... 557 65,163
Hanover Insurance Group, Inc. ......... 1,877 78,402
Leucadia National Corp. ............... 2,844 134,976
Old Republic International Corp. ...... 6,048 158,821
Unitrin, Inc. ......................... 1,577 71,044
-----------
508,406
-----------
INSURANCE (PROPERTY/CASUALTY) -- 0.9%
Alleghany Corp. (a).................... 180 51,120
American Financial Group, Inc. ........ 1,407 53,902
Mercury General Corp. ................. 927 53,970
The Commerce Group, Inc. .............. 1,077 61,691
Wesco Financial Corp. ................. 50 19,250
-----------
239,933
-----------
INSURANCE BROKERS -- 0.6%
Arthur J. Gallagher & Co. ............. 3,274 101,101
Erie Indemnity Co. (Class A)........... 1,037 55,168
-----------
156,269
-----------
INVESTMENT BANKING/BROKERAGE -- 1.1%
AG Edwards, Inc. ...................... 2,694 126,241
Jefferies Group, Inc. ................. 1,737 78,130
Raymond James Financial, Inc. ......... 2,137 80,501
-----------
284,872
-----------
INVESTMENT MANAGEMENT -- 1.6%
Alliance Capital Management Holding
LP................................... 910 51,406
Federated Investors, Inc. ............. 3,381 125,232
Janus Capital Group, Inc. ............. 8,002 149,077
Nuveen Investments, Inc. .............. 2,227 94,915
-----------
420,630
-----------
</Table>
See accompanying notes to financial statements.
89
STREETTRACKS DJ WILSHIRE MID CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
LEISURE TIME (PRODUCTS) -- 1.0%
Brunswick Corp. ....................... 3,414 $ 138,813
Hasbro, Inc. .......................... 5,588 112,766
-----------
251,579
-----------
LODGING (HOTELS) -- 0.2%
Gaylord Entertainment Co. (a).......... 1,397 60,895
-----------
MACHINERY (DIVERSIFIED) -- 0.3%
IDEX Corp. ............................ 1,737 71,408
-----------
MANUFACTURING (DIVERSIFIED) -- 2.7%
Carlisle Cos., Inc. ................... 1,097 75,857
Harsco Corp. .......................... 1,467 99,037
Herman Miller, Inc. ................... 2,514 70,870
Pentair, Inc. ......................... 3,574 123,374
SPX Corp. ............................. 2,684 122,847
Terex Corp. (a)........................ 1,744 103,594
The Brink's Co. ....................... 2,104 100,803
-----------
696,382
-----------
MANUFACTURING (SPECIALIZED) -- 0.8%
Pall Corp. ............................ 4,391 117,942
Teleflex, Inc. ........................ 1,280 83,175
-----------
201,117
-----------
METAL FABRICATORS -- 0.6%
Commercial Metals Co. ................. 2,077 77,971
The Timken Co. ........................ 2,924 93,626
-----------
171,597
-----------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 3.3%
AGL Resources, Inc. ................... 2,574 89,601
Atmos Energy Corp. .................... 2,794 73,091
National Fuel Gas Co. ................. 2,784 86,833
ONEOK, Inc. ........................... 3,194 85,056
Piedmont Natural Gas Co., Inc. ........ 2,537 61,294
Plains All American Pipeline LP........ 1,907 75,460
Southern Union Co. (a)................. 3,691 87,218
TEPPCO Partners LP..................... 2,464 85,846
UGI Corp. ............................. 3,654 75,273
Valero LP.............................. 1,300 67,288
Vectren Corp. ......................... 2,677 72,707
-----------
859,667
-----------
OIL & GAS (EXPLORATION/PRODUCTS) -- 0.7%
Forest Oil Corp. (a)................... 1,847 84,168
Vintage Petroleum, Inc. ............... 2,017 107,566
-----------
191,734
-----------
OIL & GAS (REFINING & MARKETING) -- 0.6%
Tesoro Petroleum Corp. ................ 2,364 145,504
-----------
OIL FIELD SERVICES -- 0.3%
Tidewater, Inc. ....................... 1,887 83,896
-----------
PAPER & RELATED PRODUCTS -- 2.0%
Louisiana-Pacific Corp. ............... 3,714 102,023
Rayonier, Inc. ........................ 2,624 104,566
Smurfit-Stone Container Corp. (a)...... 8,952 126,850
Temple-Inland, Inc. ................... 4,034 180,925
-----------
514,364
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
POWER PRODUCERS (INDEPENDENT) -- 0.9%
NRG Energy, Inc. (a)................... 2,871 $ 135,282
Reliant Energy, Inc. (a)............... 10,519 108,556
-----------
243,838
-----------
PUBLISHING -- 0.3%
Meredith Corp. ........................ 1,447 75,736
-----------
PUBLISHING (NEWSPAPERS) -- 1.5%
Knight Ridder, Inc. ................... 2,414 152,806
Lee Enterprises, Inc. ................. 1,437 53,040
McClatchy Co. (Class A)................ 710 41,961
The New York Times Co. (Class A)....... 5,178 136,958
-----------
384,765
-----------
REAL ESTATE INVESTMENT TRUST -- 12.7%
AMB Property Corp. .................... 3,014 148,198
Apartment Investment & Management Co.
(Class A)............................ 3,334 126,259
Arden Realty, Inc. .................... 2,354 105,530
BRE Properties, Inc. (Class A)......... 1,787 81,273
Camden Property Trust.................. 1,824 105,646
CarrAmerica Realty Corp. .............. 2,044 70,784
CBL & Associates Properties, Inc. ..... 2,117 83,643
Centerpoint Properties Corp. .......... 1,704 84,314
Crescent Real Estate Equities Co. ..... 3,504 69,449
Duke Realty Corp. ..................... 5,038 168,269
Essex Property Trust, Inc. ............ 737 67,951
Federal Realty Investment Trust........ 1,847 112,021
Health Care Property Investors Inc. ... 4,781 122,202
Health Care REIT, Inc. ................ 2,017 68,376
Hospitality Properties Trust........... 2,347 94,115
HRPT Properties Trust.................. 7,445 77,056
iStar Financial, Inc. ................. 3,921 139,784
Liberty Property Trust................. 3,084 132,149
Macerich Co. .......................... 2,087 140,121
Mack-Cali Realty Corp. ................ 2,167 93,614
Mills Corp. ........................... 1,894 79,434
New Century Financial Corp. ........... 1,967 70,950
New Plan Excel Realty Trust............ 3,604 83,541
Pan Pacific Retail Properties, Inc. ... 1,437 96,121
Realty Income Corp. ................... 2,994 64,730
Reckson Associates Realty Corp. ....... 2,844 102,327
Regency Centers Corp. ................. 2,147 126,566
Shurgard Storage Centers, Inc. (Class
A)................................... 1,617 91,700
SL Green Realty Corp. ................. 1,437 109,772
Trizec Properties, Inc. ............... 3,261 74,742
United Dominion Realty Trust, Inc. .... 4,871 114,176
Ventas, Inc. .......................... 3,624 116,041
Weingarten Realty Investors............ 2,904 109,800
-----------
3,330,654
-----------
REINSURANCE -- 1.1%
PartnerRe, Ltd. ....................... 1,924 126,349
RenaissanceRe Holdings, Ltd. .......... 2,507 110,584
Transatlantic Holdings, Inc. .......... 927 62,294
-----------
299,227
-----------
</Table>
See accompanying notes to financial statements.
90
STREETTRACKS DJ WILSHIRE MID CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
RETAIL (COMPUTERS & ELECTRONICS) -- 0.9%
Circuit City Stores, Inc. ............. 6,445 $ 145,593
RadioShack Corp. ...................... 4,731 99,493
-----------
245,086
-----------
RETAIL (DEPARTMENT STORES) -- 0.5%
Dillards, Inc. (Class A)............... 2,414 59,915
Saks, Inc. (a)......................... 4,431 74,707
-----------
134,622
-----------
RETAIL (SPECIALTY) -- 0.5%
Barnes & Noble, Inc. .................. 1,977 84,359
OfficeMax, Inc. ....................... 2,284 57,922
-----------
142,281
-----------
RETAIL STORES (DRUG STORE) -- 0.2%
Rite Aid Corp. (a)..................... 15,707 54,660
-----------
SAVINGS & LOAN COMPANIES -- 2.0%
Astoria Financial Corp. ............... 3,581 105,281
Capitol Federal Financial.............. 750 24,705
Independence Community Bank Corp. ..... 2,774 110,211
New York Community Bancorp, Inc. ...... 8,492 140,288
People's Bank.......................... 2,094 65,040
Washington Federal, Inc. .............. 3,054 70,211
-----------
515,736
-----------
SERVICES (ADVERTISING/MARKETING) -- 0.5%
The Interpublic Group of Cos., Inc.
(a).................................. 14,887 143,660
-----------
SERVICES (COMMERCIAL & CONSUMER) -- 3.5%
ADESA, Inc. ........................... 3,234 78,974
Avnet, Inc. (a)........................ 4,251 101,769
Deluxe Corp. .......................... 1,767 53,257
Equifax, Inc. ......................... 4,751 180,633
Ingram Micro, Inc. (Class A) (a)....... 4,921 98,076
Laidlaw International, Inc. ........... 3,661 85,045
Sabre Holdings Corp.(Class A).......... 4,641 111,895
Service Corp. International............ 10,929 89,399
The Service Master Co. ................ 10,299 123,073
-----------
922,121
-----------
STEEL -- 0.4%
Allegheny Technologies, Inc. .......... 2,837 102,359
-----------
TELEPHONE -- 1.6%
CenturyTel, Inc. ...................... 4,371 144,942
Citizens Communications Co. ........... 11,826 144,632
Telephone & Data Systems, Inc. ........ 3,614 130,213
-----------
419,787
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
TEXTILES (APPAREL) -- 0.9%
Jones Apparel Group, Inc. ............. 4,301 $ 132,127
Polo Ralph Lauren Corp. ............... 2,094 117,557
-----------
249,684
-----------
TOBACCO -- 0.5%
Loews Corp. (Carolina Group)........... 2,749 120,929
-----------
TRANSPORTATION -- 0.8%
Alexander & Baldwin, Inc. ............. 1,537 83,367
Overseas Shipholding Group, Inc. ...... 1,057 53,262
Teekay Shipping Corp. ................. 1,707 68,109
-----------
204,738
-----------
TRUCKING -- 1.1%
CNF, Inc. ............................. 1,864 104,179
Ryder Systems, Inc. ................... 2,257 92,582
YRC Worldwide, Inc (a)................. 1,917 85,518
-----------
282,279
-----------
TRUCKS & PARTS -- 0.7%
Cummins, Inc. ......................... 1,397 125,353
Navistar International Corp. (a)....... 2,187 62,592
-----------
187,945
-----------
WASTE MANAGEMENT -- 0.6%
Republic Services, Inc. ............... 4,271 160,376
-----------
TOTAL COMMON STOCKS -- (Cost
$25,636,295)......................... 26,145,499
-----------
SHORT TERM INVESTMENTS -- 0.2%
MONEY MARKET FUND -- 0.2%
AIM Short Term Investment Class Prime
Fund (Cost $50,431).................. 50,431 50,431
-----------
TOTAL INVESTMENTS -- 99.9%
(Cost $25,686,726)................... 26,195,930
OTHER ASSETS AND LIABILITIES -- 0.1% 38,000
-----------
NET ASSETS -- 100.0%................... $26,233,930
===========
(a) Non-income producing security
</Table>
See accompanying notes to financial statements.
91
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.7%
AEROSPACE/DEFENSE -- 0.8%
AAR Corp. (a).......................... 441 $ 10,562
Armor Holdings, Inc. (a)............... 468 19,960
BE Aerospace, Inc. (a)................. 825 18,150
Curtiss-Wright Corp. .................. 315 17,199
DRS Technologies, Inc. ................ 360 18,511
Esterline Technologies Corp. (a)....... 360 13,388
GenCorp, Inc. (a)...................... 630 11,182
Heico Corp. ........................... 279 5,725
Innovative Solutions & Support, Inc.
(a).................................. 198 2,530
K&F Industries Holdings, Inc. (a)...... 261 4,009
Kaman Corp. (Class A).................. 327 6,439
Moog, Inc. (a)......................... 504 14,304
MTC Technologies, Inc. (a)............. 144 3,943
Orbital Sciences Corp. (a)............. 801 10,285
Sequa Corp. (a)........................ 81 5,593
Teledyne Technologies, Inc. (a)........ 441 12,833
Triumph Group, Inc. (a)................ 225 8,237
United Industrial Corp. ............... 153 6,330
-----------
189,180
-----------
AGRICULTURE -- 0.1%
Alico, Inc. ........................... 54 2,440
Delta and Pine Land Co. ............... 522 12,011
Tejon Ranch Co. (a).................... 126 5,030
-----------
19,481
-----------
AIR FREIGHT -- 0.0% (B)
ABX Air, Inc. (a)...................... 843 6,601
-----------
AIRLINES -- 0.7%
AirTran Holdings, Inc. (a)............. 1,233 19,765
Alaska Air Group, Inc. (a)............. 369 13,181
AMR Corp. (a).......................... 2,439 54,219
Continental Airlines, Inc. (Class B)
(a).................................. 1,221 26,007
ExpressJet Holdings, Inc. (a).......... 549 4,442
Frontier Airlines, Inc. (a)............ 513 4,740
JetBlue Airways Corp. (a).............. 2,079 31,975
SkyWest, Inc. ......................... 843 22,643
-----------
176,972
-----------
AUTO PARTS & EQUIPMENT -- 0.8%
Accuride Corp. (a)..................... 306 3,947
American Axle &
Manufacturing Holdings, Inc. ........ 639 11,713
ArvinMeritor, Inc. .................... 999 14,376
Bandag, Inc. .......................... 171 7,296
Cooper Tire & Rubber Co. .............. 924 14,156
Dana Corp. ............................ 2,166 15,552
Keystone Automotive Industries, Inc.
(a).................................. 225 7,083
Modine Manufacturing Co. .............. 477 15,545
Superior Industries International,
Inc. ................................ 315 7,012
Tenneco Automotive, Inc. (a)........... 603 11,825
The Goodyear Tire & Rubber Co. (a)..... 2,532 44,006
TRW Automotive Holdings Corp. (a)...... 351 9,249
United Rentals, Inc. (a)............... 954 22,314
Visteon Corp. (a)...................... 1,869 11,700
-----------
195,774
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
BANKS (REGIONAL) -- 6.3%
1st Source Corp. ...................... 144 $ 3,622
Alabama National Bancorporation........ 216 13,988
AMCORE Financial, Inc. ................ 333 10,126
Arrow Financial Corp. ................. 153 4,001
Bancfirst Corp. ....................... 54 4,266
BancorpSouth, Inc. .................... 1,041 22,975
Bank Mutual Corp. ..................... 918 9,731
Bank of the Ozarks, Inc. .............. 153 5,646
Banner Corp. .......................... 153 4,774
BOK Financial Corp. ................... 414 18,808
Boston Private Financial Holdings,
Inc. ................................ 414 12,594
Capital City Bank Group, Inc. ......... 189 6,481
Capitol Bancorp, Ltd. ................. 207 7,750
Cascade Bancorp........................ 243 5,591
Cathay General Bancorp................. 621 22,319
Centennial Bank Holdings, Inc. (a)..... 747 9,240
Central Pacific Financial Corp. ....... 432 15,517
Chemical Financial Corp. .............. 333 10,576
Chittenden Corp. ...................... 666 18,521
Citizens Banking Corp. ................ 531 14,735
City Bank.............................. 126 4,482
City Holding Co. ...................... 261 9,383
CoBiz, Inc. ........................... 207 3,774
Columbia Banking System, Inc. ......... 225 6,424
Community Bank System, Inc. ........... 441 9,945
Community Banks, Inc. ................. 333 9,324
Community Trust Bancorp, Inc. ......... 189 5,812
Corus Bankshares, Inc. ................ 222 12,492
Cullen/Frost Bankers, Inc. ............ 747 40,099
CVB Financial Corp. ................... 693 14,075
East West Bancorp, Inc. ............... 726 26,492
EuroBancshares, Inc. (a)............... 186 2,636
F N B Corp. ........................... 747 12,968
First BanCorp- Puerto Rico............. 1,080 13,403
First Bancorp-North Carolina........... 204 4,113
First Busey Corp. ..................... 231 4,826
First Charter Corp. ................... 432 10,221
First Citizens BancShares, Inc. ....... 78 13,605
First Commonwealth Financial Corp. .... 1,005 12,995
First Community Bancorp, Inc. ......... 189 10,276
First Financial Bancorp................ 630 11,038
First Financial Bankshares, Inc. ...... 258 9,045
First Financial Corp. ................. 153 4,131
First Indiana Corp. ................... 153 5,260
First Merchants Corp. ................. 270 7,020
First Midwest Bancorp, Inc. ........... 672 23,560
First Niagara Financial Group, Inc. ... 1,707 24,700
First Oak Brook Bancshares, Inc. ...... 90 2,515
First Republic Bank.................... 357 13,213
First State Bancorporation............. 222 5,326
FirstMerit Corp. ...................... 1,131 29,304
Fremont General Corp. ................. 963 22,370
Frontier Financial Corp. .............. 405 12,960
Glacier Bancorp, Inc. ................. 450 13,522
Gold Banc Corp., Inc. ................. 576 10,495
Great Southern Bancorp, Inc. .......... 141 3,893
Greater Bay Bancorp.................... 738 18,908
Hancock Holding Co. ................... 420 15,880
</Table>
See accompanying notes to financial statements.
92
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Hanmi Financial Corp. ................. 708 $ 12,645
Harleysville National Corp. ........... 396 7,564
Hudson United Bancorp.................. 648 27,009
IBERIABANK Corp. ...................... 126 6,427
Independent Bank
Corp. -- Massachusetts............... 225 6,419
Independent Bank Corp. -- Michigan..... 306 8,332
Integra Bank Corp. .................... 252 5,378
Interchange Financial Services
Corp. ............................... 279 4,813
International Bancshares Corp. ........ 720 21,139
Investors Financial Services Corp. .... 960 35,357
Irwin Financial Corp. ................. 252 5,398
Main Street Banks, Inc. ............... 234 6,372
MB Financial, Inc. .................... 396 14,018
Mid-State Bancshares................... 342 9,148
Midwest Banc Holdings, Inc. ........... 252 5,607
Nara Bancorp, Inc. .................... 315 5,601
National Penn Bancshares, Inc. ........ 567 10,801
NBT Bancorp, Inc. ..................... 468 10,104
NewAlliance Bancshares, Inc. .......... 1,647 23,947
Old National Bancorp................... 999 21,618
Old Second Bancorp, Inc. .............. 225 6,878
Omega Financial Corp. ................. 162 4,515
Oriental Financial Group............... 306 3,782
Pacific Capital Bancorp................ 621 22,095
Park National Corp. ................... 171 17,551
Placer Sierra Bancshares............... 108 2,993
PrivateBancorp, Inc. .................. 294 10,458
Prosperity Bancshares, Inc. ........... 396 11,381
Provident Bankshares Corp. ............ 477 16,108
Provident Financial Services, Inc. .... 996 18,436
R-G Financial Corp. ................... 423 5,584
Republic Bancorp, Inc. -- Kentucky..... 141 3,024
Republic Bancorp, Inc. -- Michigan..... 1,116 13,280
S&T Bancorp, Inc. ..................... 342 12,592
S.Y. Bancorp, Inc. .................... 180 4,504
Sandy Spring Bancorp, Inc. ............ 207 7,220
Santander BanCorp...................... 78 1,959
Seacoast Banking Corp. of Florida...... 180 4,131
Signature Bank (a)..................... 351 9,853
Simmons First National Corp. .......... 207 5,734
South Financial Group, Inc. ........... 1,023 28,173
Sterling Bancorp....................... 259 5,110
Sterling Bancshares, Inc. ............. 648 10,005
Sterling Financial Corp. .............. 387 7,663
Suffolk Bancorp........................ 153 5,167
Sun Bancorp, Inc. (a).................. 207 4,088
Susquehanna Bancshares, Inc. .......... 672 15,913
SVB Financial Group (a)................ 513 24,029
Texas Capital Bancshares, Inc. (a)..... 339 7,597
Texas Regional Bancshare, Inc. ........ 654 18,508
Tompkins Trustco, Inc. ................ 108 4,838
Trico Bancshares....................... 207 4,842
TrustCo Bank Corp. NY.................. 1,071 13,302
Trustmark Corp. ....................... 735 20,190
UCBH Holdings, Inc. ................... 1,320 23,602
UMB Financial Corp. ................... 216 13,805
Umpqua Holdings Corp. ................. 630 17,974
United Bankshares, Inc. ............... 594 20,933
United Community Banks, Inc. .......... 483 12,877
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Unizan Financial Corp. ................ 315 $ 8,366
USB Holding Co., Inc. ................. 180 3,899
Virginia Commerce Bancorp (a).......... 159 4,625
W Holding Co., Inc. ................... 1,914 15,752
Washington Trust Bancorp, Inc. ........ 177 4,634
WesBanco, Inc. ........................ 297 9,032
West Coast Bancorp..................... 216 5,713
Westamerica Bancorporation............. 459 24,359
Western Alliance Bancorp (a)........... 54 1,613
Whitney Holding Corp. ................. 909 25,052
Wilmington Trust Corp. ................ 972 37,820
Wintrust Financial Corp. .............. 342 18,776
Yardville National Bancorp............. 144 4,990
Zions Bancorp.......................... 1 87
-----------
1,534,855
-----------
BEVERAGES (ALCOHOLIC) -- 0.0% (B)
Boston Beer Co., Inc. (a).............. 126 3,150
-----------
BEVERAGES (NON-ALCOHOLIC) -- 0.4%
Aqua America, Inc. .................... 1,826 49,850
Coca-Cola Hellenic Bottling Co. SA..... 54 2,322
Farmer Brothers Co. ................... 90 1,741
Hansen Natural Corp. (a)............... 225 17,732
Peet's Coffee & Tea, Inc. (a).......... 198 6,009
PepsiAmericas, Inc. ................... 996 23,167
-----------
100,821
-----------
BIOTECHNOLOGY -- 2.2%
Abgenix, Inc. (a)...................... 1,131 24,328
Affymetrix, Inc. (a)................... 873 41,686
Albany Molecular Research, Inc. (a).... 303 3,681
Alexion Pharmaceuticals, Inc. (a)...... 441 8,930
Applera Corp. -- Celera Genomics Group
(a).................................. 1,053 11,541
Ariad Pharmaceuticals, Inc. (a)........ 873 5,107
Biosite, Inc. (a)...................... 243 13,678
Cambrex Corp. ......................... 360 6,757
Cell Genesys, Inc. (a)................. 645 3,825
Coley Pharmaceutical Group, Inc. (a)... 90 1,364
CV Therapeutics, Inc. (a).............. 627 15,506
Digene Corp. (a)....................... 255 7,438
Encysive Pharmaceuticals, Inc. (a)..... 825 6,509
Enzo Biochem, Inc. (a)................. 441 5,477
Enzon Pharmaceuticals, Inc. (a)........ 630 4,662
Exelixis, Inc. (a)..................... 1,197 11,276
Geron Corp. (a)........................ 915 7,878
Haemonetics Corp. (a).................. 366 17,883
Human Genome Sciences, Inc. (a)........ 1,878 16,076
ICOS Corp. (a)......................... 837 23,126
Incyte, Inc. (a)....................... 1,194 6,376
Integra LifeSciences Holdings Corp.
(a).................................. 261 9,255
Keryx Biopharmaceuticals, Inc. (a)..... 459 6,720
Lexicon Genetics, Inc. (a)............. 612 2,234
Lifecell Corp. (a)..................... 450 8,582
Martek Biosciences Corp. (a)........... 450 11,074
Maxygen, Inc. (a)...................... 387 2,906
Momenta Pharmaceuticals, Inc. (a)...... 243 5,356
Myogen, Inc. (a)....................... 396 11,943
Myriad Genetics, Inc. (a).............. 507 10,546
</Table>
See accompanying notes to financial statements.
93
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Nabi Biopharmaceuticals (a)............ 843 $ 2,849
Nektar Therapeutics (a)................ 1,230 20,246
Neurocrine Biosciences, Inc. (a)....... 528 33,121
Northfield Laboratories, Inc. (a)...... 360 4,824
NPS Pharmaceuticals, Inc. (a).......... 657 7,779
Onyx Pharmaceuticals, Inc. (a)......... 543 15,617
PDL Biopharma, Inc. (a)................ 1,530 43,483
Regeneron Pharmaceuticals, Inc. (a).... 549 8,757
Serologicals Corp. (a)................. 486 9,594
Techne Corp. (a)....................... 528 29,647
Telik, Inc. (a)........................ 747 12,692
Vertex Pharmaceuticals, Inc. (a)....... 1,341 37,105
-----------
537,434
-----------
BROADCASTING (TV, RADIO & CABLE) -- 0.8%
Charter Communications, Inc. (a)....... 5,220 6,368
Citadel Broadcasting Corp. ............ 753 10,120
CKX, Inc. (a).......................... 648 8,424
Cox Radio, Inc. (Class A) (a).......... 555 7,814
Crown Media Holdings, Inc. (Class A)
(a).................................. 135 1,238
Cumulus Media, Inc. (a)................ 762 9,456
Emmis Communications Corp. (a)......... 477 9,497
Entercom Communications Corp. (a)...... 567 16,823
Entravision Communications Corp. (a)... 810 5,767
Fisher Communications, Inc. (a)........ 81 3,356
Gemstar-TV Guide International, Inc.
(a).................................. 3,594 9,380
Gray Television, Inc. ................. 672 6,599
Hearst-Argyle Television, Inc. ........ 387 9,230
Journal Communications, Inc. .......... 522 7,282
Liberty Corp. ......................... 234 10,954
Lin TV Corp. (Class A) (a)............. 387 4,311
Martha Stewart Living Omnimedia, Inc.
(Class A) (a)........................ 288 5,020
Media General, Inc. (Class A).......... 297 15,058
Mediacom Communications Corp. (a)...... 888 4,875
Radio One, Inc. (Class A) (a).......... 1,269 13,033
Salem Communications Corp. (a)......... 171 2,991
Sinclair Broadcast Group, Inc. ........ 663 6,100
Spanish Broadcasting System, Inc.
(a).................................. 573 2,928
Westwood One, Inc. .................... 1,080 17,604
World Wrestling Entertainment, Inc.
(Class A)............................ 261 3,832
WorldSpace, Inc. (Class A) (a)......... 171 2,481
-----------
200,541
-----------
BUILDING MATERIALS -- 1.0%
Apogee Enterprises, Inc. .............. 369 5,985
Builders FirstSource, Inc. (a)......... 180 3,847
Drew Industries, Inc. (a).............. 234 6,596
Eagle Materials, Inc. ................. 261 31,936
ElkCorp................................ 270 9,088
Florida Rock Industries, Inc. ......... 735 36,059
Genlyte Group, Inc. (a)................ 360 19,285
Insituform Technologies, Inc. (a)...... 387 7,496
Interline Brands, Inc. (a)............. 402 9,145
Lennox International, Inc. ............ 783 22,081
NCI Building Systems, Inc. (a)......... 297 12,617
Simpson Manufacturing Co., Inc. ....... 531 19,302
Texas Industries, Inc. ................ 324 16,148
Trex Co., Inc. (a)..................... 153 4,292
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Universal Forest Products, Inc. ....... 261 $ 14,420
USG Corp. (a).......................... 468 30,420
-----------
248,717
-----------
CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.8%
Alamosa Holdings, Inc. (a)............. 2,154 40,086
Atheros Communications, Inc. (a)....... 423 5,499
Centennial Communications Corp. (a).... 342 5,308
Dobson Communications Corp. (Class A)
(a).................................. 1,734 13,005
InterDigital Communications Corp.
(a).................................. 789 14,454
Leap Wireless International, Inc.
(a).................................. 555 21,023
Novatel Wireless, Inc. (a)............. 324 3,924
Powerwave Technologies, Inc. (a)....... 1,503 18,893
Price Communications Corp. (a)......... 612 9,100
SBA Communications Corp. (a)........... 1,140 20,406
Syniverse Holdings, Inc. (a)........... 405 8,464
Ubiquitel, Inc. (a).................... 1,077 10,652
USA Mobility, Inc. (a)................. 357 9,896
Viasat, Inc. (a)....................... 360 9,623
-----------
190,333
-----------
CHEMICALS (DIVERSIFIED) -- 0.5%
Airgas, Inc. .......................... 927 30,498
Celanese Corp. ........................ 969 18,527
FMC Corp. (a).......................... 495 26,319
Georgia Gulf Corp. .................... 477 14,510
Olin Corp. ............................ 1,008 19,838
Rockwood Holdings, Inc. (a)............ 297 5,860
Westlake Chemical Corp. ............... 171 4,927
-----------
120,479
-----------
CHEMICALS (SPECIALTY) -- 1.5%
A. Schulman, Inc. ..................... 441 9,490
Albemarle Corp. ....................... 537 20,594
American Vanguard Corp. ............... 189 4,442
Arch Chemicals, Inc. .................. 339 10,136
Cabot Corp. ........................... 791 28,318
CF Industries Holdings, Inc. .......... 594 9,058
Cytec Industries, Inc. ................ 540 25,720
Ferro Corp. ........................... 603 11,312
H.B. Fuller Co. ....................... 414 13,277
Hercules, Inc. (a)..................... 1,455 16,441
Kronos Worldwide, Inc. ................ 45 1,305
MacDermid, Inc. ....................... 369 10,295
Minerals Technologies, Inc. ........... 297 16,599
NewMarket Corp. (a).................... 216 5,283
NL Industries.......................... 108 1,522
OM Group, Inc. (a)..................... 411 7,710
PolyOne Corp. (a)...................... 1,323 8,507
RPM, Inc. ............................. 1,671 29,025
Sensient Technologies Corp. ........... 636 11,384
Spartech Corp. ........................ 465 10,207
Symyx Technologies (a)................. 465 12,690
Terra Industries, Inc. (a)............. 1,341 7,510
Terra Nitrogen Co. LP.................. 108 2,052
The Scotts Co. (Class A)............... 648 29,316
Tronox, Inc (a)........................ 300 3,921
UAP Holding Corp. ..................... 483 9,863
Valhi, Inc. ........................... 171 3,164
</Table>
See accompanying notes to financial statements.
94
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Valspar Corp. ......................... 1,365 $ 33,675
WR Grace & Co. (a)..................... 792 7,445
-----------
360,261
-----------
COAL -- 0.4%
Alliance Resource Partners LP.......... 287 10,676
Alpha Natural Resources, Inc. (a)...... 531 10,201
Foundation Coal Holdings, Inc. ........ 486 18,468
International Coal Group, Inc (a)...... 1,800 17,100
James River Coal Co. (a)............... 234 8,939
Natural Resource Partners LP........... 216 10,854
Penn Virginia Resource Partners LP..... 186 10,336
-----------
86,574
-----------
COMMUNICATIONS EQUIPMENT -- 1.9%
ADC Telecommunications, Inc. (a)....... 1,671 37,330
Aeroflex, Inc. (a)..................... 1,077 11,578
Andrew Corp. (a)....................... 2,157 23,145
Anixter International, Inc. ........... 459 17,956
Arris Group, Inc. (a).................. 1,188 11,250
Avid Technology, Inc. (a).............. 600 32,856
CIENA Corp. (a)........................ 8,220 24,413
CommScope, Inc. (a).................... 780 15,701
Comtech Telecommunications Corp. (a)... 315 9,620
Fairpoint Communications, Inc. ........ 396 4,103
Harmonic, Inc. (a)..................... 1,044 5,063
Hypercom Corp. (a)..................... 711 4,543
I.C., Inc. ............................ 972 28,907
Inter-Tel, Inc. ....................... 288 5,636
JDS Uniphase Corp. (a)................. 23,010 54,304
Loral Space & Communications, Ltd.
(a).................................. 200 5,650
Netgear, Inc. (a)...................... 459 8,836
Newport Corp. (a)...................... 621 8,408
North Pittsburgh Systems, Inc. ........ 198 3,736
PanAmSat Holding Corp. ................ 738 18,081
Plantronics, Inc. ..................... 693 19,612
Polycom, Inc. (a)...................... 1,437 21,986
RF Micro Devices, Inc. (a)............. 2,694 14,575
SafeNet, Inc. (a)...................... 342 11,019
SonicWALL, Inc. (a).................... 780 6,178
Sonus Networks, Inc. (a)............... 3,558 13,236
Sycamore Networks, Inc. (a)............ 2,667 11,522
Tekelec (a)............................ 909 12,635
Utstarcom, Inc. (a).................... 1,437 11,582
West Corp. (a)......................... 384 16,186
Zhone Technologies, Inc. (a)........... 1,689 3,581
-----------
473,228
-----------
COMPUTER SOFTWARE/SERVICES -- 5.6%
1-800-FLOWERS.COM, Inc. (Class A)
(a).................................. 360 2,311
Advanced Digital Information Corp.
(a).................................. 918 8,987
Advent Software, Inc. (a).............. 324 9,367
Agile Software Corp. (a)............... 708 4,234
Agilysys, Inc. ........................ 441 8,035
Akamai Technologies, Inc. (a).......... 2,187 43,587
Altiris, Inc. (a)...................... 288 4,864
American Reprographics Co. (a)......... 276 7,013
Ansys, Inc. (a)........................ 450 19,210
Anteon International Corp. (a)......... 474 25,762
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Ariba, Inc. (a)........................ 954 $ 7,012
Audible, Inc. (a)...................... 243 3,120
Blackbaud, Inc. ....................... 198 3,382
Blackboard, Inc. (a)................... 195 5,651
Blue Nile, Inc. (a).................... 290 11,690
Borland Software Corp. (a)............. 1,161 7,581
CMGI, Inc. (a)......................... 6,561 9,973
CNET Networks, Inc. (a)................ 1,923 28,249
Compuware Corp. (a).................... 4,986 44,724
Concur Technologies, Inc. (a).......... 447 5,762
Covad Communications Group, Inc. (a)... 3,810 3,734
Covansys Corp. (a)..................... 261 3,552
Digital Insight Corp. (a).............. 477 15,274
Digitas, Inc. (a)...................... 1,251 15,663
Dot Hill Systems Corp. (a)............. 627 4,345
EarthLink, Inc. (a).................... 1,860 20,665
Eclipsys Corp. (a)..................... 558 10,563
Emdeon Corp. (a)....................... 3,245 27,453
Epicor Software Corp. (a).............. 567 8,012
Equinix, Inc. (a)...................... 288 11,739
eResearch Technology, Inc. (a)......... 567 8,562
F5 Networks, Inc. (a).................. 540 30,883
Factset Research Systems, Inc. ........ 531 21,856
FTD Group, Inc. (a).................... 189 1,964
Hutchinson Technology, Inc. (a)........ 378 10,754
Hyperion Solutions Corp. (a)........... 846 30,304
i2 Technologies, Inc. (a).............. 171 2,413
IDX Systems Corp. (a).................. 306 13,440
IHS, Inc. (a).......................... 100 2,052
Imation Corp. ......................... 486 22,390
Informatica Corp. (a).................. 1,248 14,976
Infospace, Inc. (a).................... 414 10,689
InPhonic, Inc. (a)..................... 279 2,424
Internet Security Systems, Inc. (a).... 540 11,313
InterVoice, Inc. (a)................... 549 4,370
Interwoven, Inc. (a)................... 531 4,498
Ipass Inc. (a)......................... 690 4,526
iVillage, Inc. (a)..................... 792 6,352
JDA Software Group, Inc. (a)........... 420 7,144
Jupitermedia Corp. (a)................. 312 4,611
Kanbay International, Inc. (a)......... 330 5,244
Komag, Inc. (a)........................ 315 10,918
Lawson Software, Inc. (a).............. 855 6,284
Lexar Media, Inc. (a).................. 1,086 8,916
Lionbridge Technologies, Inc. (a)...... 612 4,296
Macrovision Corp. (a).................. 711 11,895
Magma Design Automation, Inc. (a)...... 411 3,456
Manhattan Associates, Inc. (a)......... 429 8,786
Mantech International Corp. (a)........ 216 6,018
Maxtor Corp. (a)....................... 3,567 24,755
Micromuse, Inc. (a).................... 1,143 11,304
MicroStrategy Inc. (a)................. 153 12,659
NetIQ Corp. (a)........................ 792 9,734
Netratings, Inc. (a)................... 153 1,886
NIC, Inc. (a).......................... 450 2,772
Nuance Communications, Inc. (a)........ 1,491 11,376
Nutri/System, Inc. (a)................. 378 13,616
Open Solutions, Inc. (a)............... 261 5,982
Openwave Systems, Inc. (a)............. 1,296 22,641
</Table>
See accompanying notes to financial statements.
95
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Opsware, Inc. (a)...................... 1,143 $ 7,761
Overstock.com, Inc. (a)................ 180 5,067
Packeteer, Inc. (a).................... 477 3,706
Parametric Technology Corp. (a)........ 3,873 23,625
PDF Solutions, Inc. (a)................ 252 4,095
Per-Se Technologies, Inc. (a).......... 432 10,092
Perot Systems Corp. (Class A) (a)...... 1,152 16,289
Priceline.com, Inc. (a)................ 348 7,767
Progress Software Corp. (a)............ 558 15,836
ProQuest Co. (a)....................... 324 9,043
Quality Systems, Inc. (a).............. 108 8,290
Quantum Corp. (a)...................... 2,607 7,951
Quest Software, Inc. (a)............... 744 10,855
RealNetworks, Inc. (a)................. 1,626 12,618
Red Hat, Inc. (a)...................... 2,408 65,594
Redback Networks, Inc. (a)............. 756 10,629
RSA Security, Inc. (a)................. 1,026 11,522
S1 Corp. (a)........................... 960 4,176
Salesforce.com, Inc. (a)............... 1,131 36,249
Sapient Corp. (a)...................... 1,158 6,589
SERENA Software, Inc. (a).............. 393 9,212
SRA International, Inc. (a)............ 510 15,575
SSA Global Technologies, Inc. (a)...... 126 2,292
Stamps.com, Inc. (a)................... 267 6,130
Sybase, Inc. (a)....................... 1,293 28,265
Syntel, Inc. .......................... 177 3,687
Take-Two Interactive Software, Inc.
(a).................................. 1,014 17,948
Talx Corp. ............................ 279 12,753
The Reynolds & Reynolds Co. ........... 933 26,189
The TriZetto Group, Inc. (a)........... 612 10,398
THQ, Inc. (a).......................... 897 21,393
TIBCO Software, Inc. (a)............... 2,865 21,402
Transaction Systems Architects, Inc.
(a).................................. 549 15,806
Travelzoo, Inc. (a).................... 36 792
Trident Microsystems, Inc. (a)......... 684 12,312
Tyler Technologies, Inc. (a)........... 519 4,557
Ulticom, Inc. (a)...................... 180 1,766
United Online, Inc. ................... 906 12,883
Valueclick, Inc. (a)................... 1,287 23,308
VeriFone Holdings, Inc. (a)............ 414 10,474
Verint Systems, Inc. (a)............... 180 6,205
Vignette Corp. (a)..................... 423 6,899
WebEx Communications, Inc. (a)......... 459 9,928
Wind River Systems, Inc. (a)........... 1,122 16,572
Witness Systems, Inc. (a).............. 387 7,612
-----------
1,361,685
-----------
COMPUTERS (HARDWARE) -- 0.6%
Brocade Communications Systems, Inc.
(a).................................. 3,783 15,397
Echelon Corp. (a)...................... 474 3,711
Gateway, Inc. (a)...................... 3,342 8,389
Intergraph Corp. (a)................... 405 20,173
Jack Henry & Associates, Inc. ......... 1,104 21,064
Kronos, Inc. (a)....................... 447 18,712
McDATA Corp. (Class A) (a)............. 2,238 8,504
Mercury Computer System, Inc. (a)...... 306 6,313
MTS Systems Corp. ..................... 288 9,976
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Palm, Inc. (a)......................... 603 $ 19,175
Stratasys, Inc. (a).................... 153 3,827
-----------
135,241
-----------
COMPUTERS (NETWORKING) -- 0.2%
3Com Corp. (a)......................... 5,679 20,444
Extreme Networks, Inc. (a)............. 1,557 7,396
Foundry Networks, Inc. (a)............. 1,716 23,698
-----------
51,538
-----------
COMPUTERS (PERIPHERALS) -- 0.5%
Electronics for Imaging, Inc. (a)...... 774 20,596
MICROS Systems, Inc. (a)............... 549 26,528
Synaptics, Inc. (a).................... 378 9,344
Western Digital Corp. (a).............. 2,964 55,160
-----------
111,628
-----------
CONSUMER (JEWELRY/NOVELTIES) -- 0.1%
Blyth, Inc. ........................... 432 9,050
Fossil, Inc. (a)....................... 558 12,003
-----------
21,053
-----------
CONSUMER FINANCE -- 0.2%
CompuCredit Corp. (a).................. 501 19,279
Westcorp............................... 348 23,180
WFS Financial, Inc. (a)................ 96 7,310
-----------
49,769
-----------
CONTAINERS (METALS & GLASS) -- 0.1%
Greif, Inc. (Class A).................. 216 14,316
Silgan Holdings, Inc. ................. 324 11,703
-----------
26,019
-----------
CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.1%
Chesapeake Corp. ...................... 279 4,737
Graphic Packaging Corp. (a)............ 1,446 3,297
Packaging Corp. of America............. 897 20,586
-----------
28,620
-----------
DISTRIBUTION/WHOLESALE -- 0.7%
Aviall, Inc. (a)....................... 414 11,923
Beacon Roofing Supply, Inc. (a)........ 252 7,240
BlueLinx Holdings, Inc. ............... 171 1,924
Brightpoint, Inc. (a).................. 369 10,232
Building Material Holding Corp. ....... 198 13,506
Central European Distribution Corp.
(a).................................. 171 6,864
Handleman Co. ......................... 315 3,912
Hughes Supply, Inc. ................... 954 34,201
LKQ Corp. (a).......................... 279 9,659
Owens & Minor, Inc. ................... 567 15,610
Scansource, Inc. (a)................... 180 9,842
Watsco, Inc. .......................... 306 18,302
Wesco International, Inc. (a).......... 681 29,099
-----------
172,314
-----------
DISTRIBUTORS (FOOD & HEALTH) -- 0.2%
Chiquita Brands International, Inc. ... 558 11,165
Performance Food Group Co. (a)......... 540 15,320
United Natural Foods, Inc. (a)......... 474 12,514
-----------
38,999
-----------
</Table>
See accompanying notes to financial statements.
96
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
ELECTRIC UTILITIES -- 1.9%
ALLETE, Inc. .......................... 378 $ 16,632
Avista Corp. .......................... 699 12,379
Black Hills Corp. ..................... 468 16,197
CH Energy Group, Inc. ................. 225 10,328
Cleco Corp. ........................... 711 14,824
CMS Energy Corp. (a)................... 3,162 45,881
Duquesne Light Holdings, Inc. ......... 1,104 18,017
El Paso Electric Co. (a)............... 684 14,391
Empire District Electric Co. .......... 369 7,502
Great Plains Energy, Inc. ............. 1,077 30,113
Hawaiian Electric Industries, Inc. .... 1,161 30,070
IDACORP, Inc. ......................... 603 17,668
ITC Holdings Corp. .................... 180 5,056
MGE Energy, Inc. ...................... 294 9,970
NorthWestern Corp. .................... 387 12,024
OGE Energy Corp. ...................... 1,302 34,881
Otter Tail Corp. ...................... 369 10,694
Pike Electric Corp. (a)................ 198 3,212
PNM Resources, Inc. ................... 846 20,719
Puget Energy, Inc. .................... 1,662 33,938
Sierra Pacific Resources (a)........... 1,698 22,142
UIL Holdings Corp. .................... 189 8,692
Unisource Energy Corp. ................ 465 14,508
Westar Energy, Inc. ................... 1,233 26,509
WPS Resources Corp. ................... 582 32,190
-----------
468,537
-----------
ELECTRICAL EQUIPMENT -- 0.8%
Advanced Energy Industries, Inc. (a)... 459 5,430
American Superconductor Corp. (a)...... 468 3,683
Artesyn Technologies, Inc. (a)......... 540 5,562
Avocent Corp. (a)...................... 711 19,332
Black Box Corp. ....................... 252 11,940
C-COR.net Corp. (a).................... 690 3,353
Cohu, Inc. ............................ 288 6,587
Dolby Laboratories, Inc. (a)........... 468 7,979
EMCOR Group, Inc. (a).................. 216 14,586
Encore Wire Corp. (a).................. 243 5,531
Energy Conversion Devices, Inc. (a).... 468 19,071
Greatbatch, Inc. (a)................... 306 7,959
Intermagnetics General Corp. (a)....... 405 12,919
Lincoln Electric Holdings, Inc. ....... 522 20,703
Littelfuse, Inc. (a)................... 324 8,829
Medis Technologies, Ltd. (a)........... 204 3,001
Thomas & Betts Corp. (a)............... 852 35,750
Vicor Corp. ........................... 270 4,269
-----------
196,484
-----------
ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.9%
AVX Corp. ............................. 747 10,817
Bel Fuse, Inc. (Class B)............... 162 5,152
Benchmark Electronics, Inc. (a)........ 558 18,765
Coherent, Inc. (a)..................... 438 13,000
Cubic Corp. ........................... 234 4,671
Daktronics, Inc. ...................... 234 6,919
EnerSys (a)............................ 294 3,834
Excel Technology, Inc. (a)............. 171 4,066
GrafTech International, Ltd. (a)....... 1,410 8,770
II-VI, Inc. (a)........................ 357 6,380
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
KEMET Corp. (a)........................ 1,248 $ 8,823
Methode Electronics, Inc. (Class A).... 513 5,115
Plexus Corp. (a)....................... 621 14,122
Power-One, Inc. (a).................... 1,053 6,339
Rofin-Sinar Technologies, Inc. (a)..... 216 9,389
Rogers Corp. (a)....................... 243 9,521
Tech Data Corp. (a).................... 837 33,212
Technitrol, Inc. ...................... 531 9,080
Varian, Inc. (a)....................... 459 18,264
Vishay Intertechnology, Inc. (a)....... 2,436 33,519
-----------
229,758
-----------
ELECTRONICS (DEFENSE) -- 0.2%
American Science & Engineering, Inc.
(a).................................. 117 7,297
EDO Corp. ............................. 225 6,089
Engineered Support Systems, Inc. ...... 600 24,984
Taser International, Inc. (a).......... 888 6,198
-----------
44,568
-----------
ELECTRONICS (INSTRUMENT) -- 1.2%
Analogic Corp. ........................ 162 7,752
Belden CDT, Inc. ...................... 675 16,490
Brady Corp. ........................... 612 22,142
Checkpoint Systems, Inc. (a)........... 540 13,311
Cogent, Inc. (a)....................... 558 12,656
FARO Technologies, Inc. (a)............ 171 3,420
FEI Co. (a)............................ 360 6,901
FLIR Systems, Inc. (a)................. 987 22,040
Identix, Inc. (a)...................... 1,275 6,388
Itron, Inc. (a)........................ 333 13,333
Measurement Specialties, Inc. (a)...... 180 4,383
Mentor Graphics Corp. (a).............. 1,095 11,322
Metrologic Instruments, Inc. (a)....... 153 2,947
Molecular Devices Corp. (a)............ 252 7,290
National Instruments Corp. ............ 762 24,422
Park Electrochemical Corp. ............ 261 6,781
Paxar Corp. (a)........................ 522 10,247
Sonic Solutions, Inc. (a).............. 339 5,122
Tektronix, Inc. ....................... 1,221 34,445
Tivo, Inc. (a)......................... 1,068 5,468
Trimble Navigation, Ltd. (a)........... 774 27,469
TTM Technologies, Inc. (a)............. 540 5,076
Watts Water Technologies, Inc. ........ 360 10,905
Woodward Governor Co. ................. 135 11,611
-----------
291,921
-----------
ELECTRONICS (SEMICONDUCTORS) -- 2.7%
Actel Corp. (a)........................ 369 4,697
Adaptec, Inc. (a)...................... 1,590 9,254
Advanced Analogic Technologies, Inc.
(a).................................. 153 2,119
Agere Systems, Inc. (a)................ 2,607 33,630
Amkor Technology, Inc. (a)............. 1,320 7,392
Applied Micro Circuits Corp. (a)....... 4,485 11,526
Conexant Systems, Inc. (a)............. 6,687 15,113
Cree, Inc. (a)......................... 1,059 26,729
Cypress Semiconductor Corp. (a)........ 1,932 27,531
Diodes, Inc. (a)....................... 260 8,058
DSP Group, Inc. (a).................... 414 10,375
Electro Scientific Industries, Inc.
(a).................................. 405 9,781
Emulex Corp. (a)....................... 1,194 23,629
</Table>
See accompanying notes to financial statements.
97
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Fairchild Semiconductor International
Inc. (a)............................. 1,725 $ 29,170
Integrated Device Technology, Inc.
(a).................................. 2,895 38,156
Intersil Corp. (Class A)............... 2,175 54,114
Kopin Corp. (a)........................ 1,014 5,425
Lattice Semiconductor Corp. (a)........ 1,539 6,649
LSI Logic Corp. (a).................... 5,598 44,784
MEMC Electronic Materials, Inc. (a).... 2,166 48,020
Microsemi Corp. (a).................... 846 23,400
OmniVision Technologies, Inc. (a)...... 816 16,287
ON Semiconductor Corp. (a)............. 1,473 8,146
Pixelworks, Inc. (a)................... 666 3,383
PMC-Sierra, Inc. (a)................... 2,631 20,285
PortalPlayer, Inc. (a)................. 180 5,098
Power Integrations, Inc. (a)........... 423 10,072
Rambus, Inc. (a)....................... 1,386 22,439
Semtech Corp. (a)...................... 1,071 19,557
Silicon Image, Inc. (a)................ 1,086 9,828
Silicon Laboratories, Inc. (a)......... 585 21,446
Silicon Storage Technology, Inc. (a)... 1,284 6,484
Sirf Technology Holdings, Inc. (a)..... 513 15,287
Skyworks Solutions, Inc. (a)........... 2,247 11,437
TriQuint Semiconductor, Inc. (a)....... 1,986 8,838
Ultratech, Inc. (a).................... 315 5,172
Varian Semiconductor Equipment
Associates, Inc. (a)................. 522 22,932
Zoran Corp. (a)........................ 621 10,066
-----------
656,309
-----------
ENERGY-ALTERNATE SOURCES -- 0.3%
Covanta Holding Corp. (a).............. 1,563 23,539
Evergreen Solar, Inc. (a).............. 720 7,668
FuelCell Energy, Inc. (a).............. 636 5,387
KFX, Inc. (a).......................... 897 15,348
Plug Power, Inc. (a)................... 933 4,786
Sunpower Corp. (a)..................... 100 3,399
Syntroleum Corp. (a)................... 603 5,445
-----------
65,572
-----------
ENGINEERING & CONSTRUCTION -- 0.5%
Dycom Industries, Inc. (a)............. 567 12,474
Foster Wheeler, Ltd. (a)............... 645 23,723
Granite Construction, Inc. ............ 468 16,806
Infrasource Services, Inc. (a)......... 198 2,590
McDermott International, Inc. (a)...... 852 38,008
Perini Corp. (a)....................... 198 4,781
URS Corp. (a).......................... 618 23,243
-----------
121,625
-----------
ENTERTAINMENT -- 0.4%
Carmike Cinemas, Inc. ................. 162 4,108
DreamWorks Animation SKG, Inc. (Class
A) (a)............................... 639 15,694
Great Wolf Resorts, Inc. (a)........... 387 3,990
Midway Games, Inc. (a)................. 151 2,864
Regal Entertainment Group.............. 663 12,610
Shuffle Master, Inc. (a)............... 504 12,671
Speedway Motorsports, Inc. ............ 198 6,865
Vail Resorts, Inc. (a)................. 405 13,377
Warner Music Group Corp. .............. 700 13,489
-----------
85,668
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
ENVIRONMENTAL CONTROL -- 0.7%
Aleris International, Inc. (a)......... 441 $ 14,218
Allied Waste Industries, Inc. (a)...... 3,072 26,849
Metal Management, Inc. ................ 400 9,304
Mine Safety Appliances Co. ............ 402 14,556
Nalco Holding Co. (a).................. 1,215 21,518
Stericycle, Inc. (a)................... 654 38,508
Tetra Tech, Inc. (a)................... 810 12,693
Tetra Technologies, Inc. (a)........... 495 15,107
Waste Connections, Inc. (a)............ 693 23,881
-----------
176,634
-----------
EQUIPMENT (SEMICONDUCTORS) -- 0.8%
Atmel Corp. (a)........................ 6,372 19,690
ATMI, Inc. (a)......................... 537 15,020
Axcelis Technologies, Inc. (a)......... 1,446 6,897
Brooks Automation, Inc. (a)............ 1,059 13,269
Cabot Microelectronics Corp. (a)....... 360 10,559
Cirrus Logic, Inc. (a)................. 1,104 7,375
Credence Systems Corp. (a)............. 1,170 8,143
Cymer, Inc. (a)........................ 531 18,856
Entegris, Inc. (a)..................... 1,716 16,165
Formfactor, Inc. (a)................... 429 10,480
Genesis Microchip, Inc. (a)............ 477 8,629
Hittite Microwave Corp. (a)............ 72 1,666
Kulicke & Soffa Industries, Inc. (a)... 738 6,524
Mattson Technology, Inc. (a)........... 585 5,885
Micrel, Inc. (a)....................... 960 11,136
MKS Instruments, Inc. (a).............. 513 9,178
Photronics, Inc. (a)................... 546 8,223
Sigmatel, Inc. (a)..................... 384 5,030
Standard Microsystems Corp. (a)........ 297 8,521
Vitesse Semiconductor Corp. (a)........ 3,171 6,088
-----------
197,334
-----------
FINANCIAL (DIVERSIFIED) -- 1.2%
Accredited Home Lenders Holding Co.
(a).................................. 225 11,156
Advanta Corp. (Class B)................ 300 9,732
Asset Acceptance Capital Corp. (a)..... 216 4,851
CharterMac............................. 738 15,631
Collegiate Funding Services LLC (a).... 180 3,555
Commercial Capital Bancorp, Inc. ...... 711 12,172
Doral Financial Corp. ................. 1,347 14,278
Encore Capital Group, Inc. (a)......... 225 3,904
eSpeed, Inc. (a)....................... 423 3,261
Financial Federal Corp. ............... 252 11,201
First Marblehead Corp. ................ 468 15,378
GAMCO Investors, Inc. ................. 99 4,309
GFI Group, Inc. (a).................... 99 4,696
IndyMac Bancorp, Inc. ................. 900 35,118
IntercontinentalExchange, Inc. (a)..... 300 10,905
International Securities Exchange, Inc.
(a).................................. 540 14,861
Knight Capital Group, Inc. (a)......... 1,554 15,369
Nasdaq Stock Market, Inc. (a).......... 855 30,079
Nelnet, Inc. (a)....................... 306 12,448
Ocwen Financial Corp. (a).............. 531 4,620
Piper Jaffray Cos., Inc. (a)........... 297 11,999
</Table>
See accompanying notes to financial statements.
98
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Portfolio Recovery Associates, Inc.
(a).................................. 225 $ 10,449
Walter Industries, Inc. ............... 558 27,744
-----------
287,716
-----------
FOOD PRODUCTS -- 0.9%
Corn Products International, Inc. ..... 1,068 25,514
Del Monte Foods Co. (a)................ 2,877 30,007
Flowers Foods, Inc. ................... 810 22,324
Fresh Del Monte Produce, Inc. ......... 360 8,197
Gold Kist, Inc. (a).................... 729 10,899
Great Atlantic & Pacific Tea Co. (a)... 234 7,437
Hain Celestial Group, Inc. (a)......... 432 9,141
J&J Snack Foods Corp. ................. 99 5,882
Lancaster Colony Corp. ................ 405 15,005
Lance, Inc. ........................... 423 7,880
Nash Finch Co. ........................ 180 4,586
Pilgrim's Pride Corp. ................. 594 19,697
Premium Standard Farms, Inc. .......... 144 2,154
Ralcorp Holdings, Inc. (a)............. 423 16,882
Sanderson Farms, Inc. ................. 288 8,793
Seaboard Corp. ........................ 9 13,599
Tootsie Roll Industries, Inc. ......... 357 10,328
TreeHouse Foods, Inc. (a).............. 432 8,087
-----------
226,412
-----------
FOOTWEAR -- 0.6%
Deckers Outdoor Corp. (a).............. 153 4,226
K-Swiss, Inc. (Class A)................ 270 8,759
Kenneth Cole Productions, Inc. (Class
A)................................... 135 3,442
Payless ShoeSource, Inc. (a)........... 981 24,623
Reebok International, Ltd. ............ 711 41,402
Skechers U.S.A., Inc. (a).............. 324 4,964
Stride Rite Corp. ..................... 522 7,078
The Timberland Co. (Class A) (a)....... 810 26,365
Wolverine World Wide, Inc. ............ 828 18,597
-----------
139,456
-----------
GAMING & LOTTERY -- 0.4%
Alliance Gaming Corp. (a).............. 675 8,789
Churchill Downs, Inc. ................. 126 4,628
Isle of Capri Casinos, Inc. (a)........ 315 7,673
Kerzner International, Ltd. (a)........ 423 29,081
Multimedia Games, Inc. (a)............. 405 3,746
Pinnacle Entertainment, Inc. (a)....... 576 14,233
Scientific Games Corp. (ClassA) (a).... 942 25,698
-----------
93,848
-----------
GAS & PIPELINE UTILITIES -- 0.3%
Aquila, Inc. (a)....................... 5,505 19,818
DCP Midstream Partners LP (a).......... 200 4,896
Magellan Midstream Partners LP......... 879 28,330
Markwest Energy Partners LP............ 108 5,016
TC Pipelines LP........................ 234 7,605
-----------
65,665
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
GOLD/PRECIOUS METALS MINING -- 0.4%
Glamis Gold, Ltd. (a).................. 1,893 $ 52,020
Meridian Gold, Inc. (a)................ 1,431 31,296
Royal Gold, Inc. ...................... 306 10,627
Stillwater Mining Co. (a).............. 630 7,289
-----------
101,232
-----------
HAND/MACHINE TOOLS -- 0.2%
CLARCOR, Inc. ......................... 744 22,104
Snap-on, Inc. ......................... 756 28,396
-----------
50,500
-----------
HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 1.2%
Adams Respiratory Therapeutics, Inc.
(a).................................. 135 5,489
Adolor Corp. (a)....................... 531 7,753
Alpharma, Inc. (Class A)............... 585 16,678
American Pharmaceutical Partners, Inc.
(a).................................. 382 14,818
Cubist Pharmaceuticals, Inc. (a)....... 771 16,384
First Horizon Pharmaceutical Corp.
(a).................................. 387 6,676
Herbalife, Ltd. (a).................... 396 12,878
Idenix Pharmaceuticals, Inc. (a)....... 288 4,928
Kos Pharmaceuticals, Inc. (a).......... 307 15,881
KV Pharmaceutical Co. (Class A) (a).... 603 12,422
Mannatech, Inc. ....................... 216 2,983
Medarex, Inc. (a)...................... 1,599 22,146
Medicis Pharmaceutical Corp. (Class
A)................................... 810 25,960
New River Pharmaceuticals, Inc. (a).... 90 4,669
OSI Pharmaceuticals, Inc. (a).......... 727 20,385
Par Pharmaceutical Cos., Inc. (a)...... 492 15,419
Pharmion Corp. (a)..................... 279 4,958
Rigel Pharmaceuticals, Inc. (a)........ 342 2,859
Salix Pharmaceuticals, Ltd. (a)........ 639 11,234
Star Scientific, Inc. (a).............. 666 1,565
United Therapeutics Corp. (a).......... 324 22,395
USANA Health Sciences, Inc. (a)........ 153 5,869
Valeant Pharmaceuticals
International........................ 1,320 23,866
Zymogenetics, Inc. (a)................. 459 7,807
-----------
286,022
-----------
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 3.9%
Advanced Medical Optics, Inc. (a)...... 936 39,125
Align Technology, Inc. (a)............. 459 2,970
Alkermes, Inc. (a)..................... 1,293 24,722
American Medical Systems Holdings, Inc.
(a).................................. 924 16,475
Amylin Pharmaceuticals, Inc. (a)....... 1,446 57,724
Animas Corp. (a)....................... 198 4,782
Arrow International, Inc. ............. 315 9,132
Arthrocare Corp. (a)................... 351 14,791
Aspect Medical Systems, Inc. (a)....... 216 7,420
Bio-Rad Laboratories, Inc. (Class A)
(a).................................. 327 21,399
Cepheid, Inc. (a)...................... 612 5,373
CONMED Corp. (a)....................... 432 10,221
Cyberonics, Inc. (a)................... 306 9,884
Datascope Corp. ....................... 180 5,949
Diagnostic Products Corp. ............. 330 16,021
DJ Orthopedics, Inc. (a)............... 261 7,198
Edwards Lifesciences Corp. (a)......... 861 35,826
ev3, Inc. (a).......................... 171 2,520
Foxhollow Technologies, Inc. (a)....... 186 5,541
Gen-Probe, Inc. (a).................... 717 34,982
</Table>
See accompanying notes to financial statements.
99
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
HealthTronics, Inc. (a)................ 477 $ 3,649
Hologic, Inc. (a)...................... 630 23,890
ICU Medical, Inc. (a).................. 180 7,058
IDEXX Laboratories, Inc. (a)........... 486 34,982
Immucor, Inc. (a)...................... 648 15,137
INAMED Corp. (a)....................... 513 44,980
Intuitive Surgical, Inc. (a)........... 486 56,993
Invacare Corp. ........................ 459 14,454
Inverness Medical Innovations, Inc.
(a).................................. 297 7,042
Kensey Nash Corp. (a).................. 162 3,569
Kyphon, Inc. (a)....................... 522 21,313
Laserscope (a)......................... 270 6,064
LCA-Vision, Inc. ...................... 243 11,545
Lifeline Systems, Inc. (a)............. 180 6,581
Mentor Corp. .......................... 537 24,745
Merit Medical Systems, Inc. (a)........ 378 4,589
MGI Pharma, Inc. (a)................... 1,023 17,555
Noven Pharmaceuticals, Inc. (a)........ 339 5,129
OraSure Technologies, Inc. (a)......... 600 5,292
Palomar Medical Technologies, Inc.
(a).................................. 225 7,884
PolyMedica Corp. ...................... 351 11,748
PSS World Medical, Inc. (a)............ 936 13,890
ResMed, Inc. (a)....................... 978 37,467
Respironics, Inc. (a).................. 1,034 38,330
Rotech Healthcare, Inc. (a)............ 100 1,676
Sierra Health Services, Inc. (a)....... 375 29,985
SonoSite, Inc. (a)..................... 180 6,302
STERIS Corp. .......................... 990 24,770
SurModics, Inc. (a).................... 216 7,990
Sybron Dental Specialties, Inc. (a).... 564 22,453
Symmetry Medical, Inc. (a)............. 333 6,457
The Medicines Co. (a).................. 648 11,308
Thoratec Corp. (a)..................... 609 12,600
TriPath Imaging, Inc. (a).............. 396 2,392
Ventana Medical Systems, Inc. (a)...... 465 19,693
Viasys Healthcare, Inc. (a)............ 387 9,946
Vital Signs, Inc. ..................... 90 3,854
WellCare Health Plans, Inc. (a)........ 423 17,280
West Pharmaceutical Services, Inc. .... 405 10,137
Wright Medical Group, Inc. (a)......... 378 7,711
-----------
950,495
-----------
HEALTH CARE (SPECIAL SERVICES) -- 2.2%
Alliance Imaging, Inc. (a)............. 189 1,125
Allscripts Healthcare Solutions, Inc.
(a).................................. 414 5,548
Amedisys, Inc. (a)..................... 198 8,363
American Healthways, Inc. (a).......... 474 21,448
American Retirement Corp. (a).......... 432 10,856
AMERIGROUP Corp. (a)................... 720 14,011
Amsurg Corp. (a)....................... 423 9,670
Andrx Corp. (a)........................ 1,050 17,293
Apria Healthcare Group, Inc. (a)....... 720 17,359
Atherogenics, Inc. (a)................. 504 10,085
Beverly Enterprises, Inc. (a).......... 1,446 16,875
BioMarin Pharmaceuticals, Inc. (a)..... 1,059 11,416
Brookdale Senior Living, Inc. ......... 200 5,962
Centene Corp. (a)...................... 603 15,853
Cerner Corp. (a)....................... 405 36,819
Connetics Corp. (a).................... 513 7,413
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Conor Medsystems, Inc. (a)............. 378 $ 7,314
Cypress Bioscience, Inc. (a)........... 405 2,341
Dendreon Corp. (a)..................... 780 4,228
Dendrite International, Inc. (a)....... 549 7,911
Discovery Laboratories, Inc. (a)....... 774 5,170
Genesis HealthCare Corp. (a)........... 288 10,518
Gentiva Health Services, Inc. (a)...... 351 5,174
HealthExtras, Inc. (a)................. 324 8,132
I-Flow Corp. (a)....................... 306 4,474
Inspire Pharmaceuticals, Inc. (a)...... 558 2,835
InterMune, Inc. (a).................... 405 6,804
Isis Pharmaceuticals, Inc. (a)......... 747 3,914
Kindred Healthcare, Inc. (a)........... 387 9,969
LifePoint Hospitals, Inc. (a).......... 738 27,675
Magellan Health Services, Inc. (a)..... 450 14,152
MannKind Corp. (a)..................... 315 3,547
Matria Healthcare, Inc. (a)............ 297 11,512
Molina Healthcare, Inc. (a)............ 162 4,316
National Healthcare Corp. ............. 126 4,710
NDCHealth Corp. (a).................... 522 10,038
NitroMed, Inc. (a)..................... 258 3,599
Odyssey Healthcare, Inc. (a)........... 495 9,227
Option Care, Inc. ..................... 297 3,968
Pediatrix Medical Group, Inc. (a)...... 324 28,697
Psychiatric Solutions, Inc. (a)........ 342 20,089
RehabCare Group, Inc. (a).............. 234 4,727
Renal Care Group, Inc. (a)............. 969 45,843
Sunrise Assisted Living, Inc. (a)...... 513 17,293
Symbion, Inc. (a)...................... 234 5,382
Tanox, Inc. (a)........................ 351 5,746
Theravance, Inc. (a)................... 591 13,309
United Surgical Partners (a)........... 621 19,965
-----------
542,675
-----------
HOMEBUILDING -- 1.0%
Beazer Homes USA, Inc. ................ 567 41,300
Brookfield Homes Corp. ................ 195 9,697
Champion Enterprises, Inc. (a)......... 1,050 14,301
Fleetwood Enterprises, Inc. (a)........ 801 9,892
Levitt Corp. (Class A)................. 240 5,458
M.D.C. Holdings, Inc. ................. 441 27,333
M/I Homes, Inc. ....................... 162 6,581
Meritage Homes Corp. (a)............... 324 20,386
Palm Harbor Homes, Inc. (a)............ 153 2,876
Skyline Corp. ......................... 99 3,604
Standard Pacific Corp. ................ 981 36,101
Technical Olympic USA, Inc. ........... 207 4,366
Thor Industries, Inc. ................. 564 22,600
WCI Communities, Inc. (a).............. 567 15,224
William Lyon Homes, Inc. (a)........... 36 3,632
Williams Scotsman International, Inc.
(a).................................. 225 3,895
Winnebago Industries, Inc. ............ 483 16,074
-----------
243,320
-----------
HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.3%
American Woodmark Corp. ............... 162 4,016
Ethan Allen Interiors, Inc. ........... 486 17,754
Furniture Brands International,
Inc. ................................ 729 16,279
Kimball International, Inc. (Class
B)................................... 357 3,795
La-Z-Boy, Inc. ........................ 756 10,251
</Table>
See accompanying notes to financial statements.
100
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Maytag Corp. .......................... 1,059 $ 19,930
Tempur-Pedic International, Inc. (a)... 654 7,521
-----------
79,546
-----------
HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.5%
American Greetings Corp. (Class A)..... 927 20,366
Central Garden & Pet Co. (a)........... 270 12,404
Church & Dwight Co., Inc. ............. 918 30,322
CSS Industries, Inc. .................. 117 3,595
Helen of Troy, Ltd. (a)................ 306 4,930
Jarden Corp. (a)....................... 441 13,296
Playtex Products, Inc. (a)............. 468 6,398
Prestige Brands Holdings, Inc. (a)..... 504 6,300
Russ Berrie & Co., Inc. ............... 153 1,747
Tupperware Corp. ...................... 753 16,867
WD-40 Co. ............................. 234 6,145
-----------
122,370
-----------
INDUSTRIAL GOODS & SERVICES -- 0.1%
MSC Industrial Direct Co., Inc. (Class
A)................................... 663 26,666
-----------
INSURANCE BROKERS -- 0.2%
Erie Indemnity Co. (Class A)........... 423 22,504
Hilb Rogal and Hobbs Co. .............. 459 17,676
USI Holdings Corp. (a)................. 540 7,436
-----------
47,616
-----------
INSURANCE (LIFE/HEALTH) -- 0.8%
American Equity Investment Life Holding
Co. ................................. 468 6,107
AmerUs Group Co. ...................... 567 32,132
Delphi Financial Group................. 387 17,806
FBL Financial Group, Inc. (Class A).... 180 5,906
Great American Financial Resources,
Inc. ................................ 117 2,321
Kansas City Life Insurance Co. ........ 63 3,155
National Western Life Insurance Co.
(Class A) (a)........................ 36 7,449
Presidential Life Corp. ............... 312 5,940
Reinsurance Group America, Inc. ....... 477 22,782
Scottish Re Group, Ltd. ............... 558 13,699
StanCorp Financial Group, Inc. ........ 822 41,059
The Phoenix Cos., Inc. ................ 1,302 17,759
UICI................................... 468 16,619
Universal American Financial Corp.
(a).................................. 540 8,143
-----------
200,877
-----------
INSURANCE (MULTI-LINE) -- 0.5%
Alfa Corp. ............................ 537 8,646
American National Insurance Co. ....... 225 26,323
Hanover Insurance Group, Inc. ......... 771 32,205
HCC Insurance Holdings, Inc. .......... 1,509 44,787
United Fire & Casualty Co. ............ 261 10,552
-----------
122,513
-----------
INSURANCE (PROPERTY/CASUALTY) -- 1.5%
21st Century Insurance Group........... 375 6,068
Alleghany Corp. (a).................... 72 20,448
American Financial Group, Inc. ........ 576 22,067
Arch Capital Group, Ltd. (a)........... 456 24,966
Argonaut Group, Inc. (a)............... 396 12,977
Baldwin & Lyons, Inc. (Class B)........ 135 3,281
Bristol West Holdings, Inc. ........... 270 5,138
CNA Surety Corp. (a)................... 225 3,278
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
First Acceptance Corp. (a)............. 366 $ 3,766
Harleysville Group, Inc. .............. 195 5,168
Horace Mann Educators Corp. ........... 618 11,717
Infinity Property & Casualty Corp. .... 297 11,051
LandAmerica Financial Group, Inc. ..... 243 15,163
Mercury General Corp. ................. 378 22,007
Navigators Group, Inc. (a)............. 171 7,457
Ohio Casualty Corp. ................... 888 25,148
Philadelphia Consolidated Holding Corp.
(a).................................. 270 26,106
ProAssurance Corp. (a)................. 414 20,137
RLI Corp. ............................. 324 16,158
Safety Insurance Group, Inc. .......... 189 7,630
Selective Insurance Group, Inc. ....... 402 21,346
State Auto Financial Corp. ............ 198 7,219
Stewart Information Services Corp. .... 243 11,827
The Commerce Group, Inc. .............. 441 25,260
The Midland Co. ....................... 189 6,812
Triad Guaranty, Inc. (a)............... 135 5,939
Wesco Financial Corp. ................. 18 6,930
Zenith National Insurance Corp. ....... 351 16,188
-----------
371,252
-----------
INVESTMENT BANKING/BROKERAGE -- 0.6%
Friedman, Billings, Ramsey Group,
Inc. ................................ 2,265 22,423
Greenhill & Co., Inc. ................. 135 7,582
GSI Commerce, Inc. (a)................. 249 3,757
Investment Technology Group, Inc.
(a).................................. 603 21,370
j2 Global Communications, Inc. (a)..... 333 14,232
Jefferies Group, Inc. ................. 711 31,981
LaBranche & Co., Inc. (a).............. 816 8,250
optionsXpress Holdings, Inc. .......... 387 9,501
Raymond James Financial, Inc. ......... 873 32,886
Resource America, Inc. ................ 252 4,297
-----------
156,279
-----------
INVESTMENT MANAGEMENT -- 0.7%
Affiliated Managers Group, Inc. (a).... 486 39,002
Alliance Capital Management Holding
LP................................... 375 21,184
Calamos Asset Management, Inc. (Class
B)................................... 333 10,473
Cohen & Steers, Inc. .................. 117 2,180
National Financial Partners Corp. ..... 468 24,593
Nuveen Investments, Inc. .............. 915 38,997
W.P. Stewart & Co., Ltd. .............. 321 7,566
Waddell & Reed Financial, Inc. (Class
A)................................... 1,194 25,038
-----------
169,033
-----------
LEISURE TIME (PRODUCTS) -- 0.7%
Callaway Golf Co. ..................... 942 13,037
Cedar Fair LP.......................... 771 22,004
JAKKS Pacific, Inc. (a)................ 378 7,915
K2, Inc. (a)........................... 675 6,824
Leapfrog Enterprises, Inc. (a)......... 387 4,509
Life Time Fitness, Inc. (a)............ 261 9,941
MarineMax, Inc. (a).................... 225 7,103
Marine Products Corp. ................. 222 2,329
Marvel Entertainment, Inc. (a)......... 1,059 17,346
Monaco Coach Corp. .................... 396 5,267
RC2 Corp. (a).......................... 297 10,550
SCP Pool Corp. ........................ 762 28,362
Six Flags, Inc. (a).................... 1,068 8,234
</Table>
See accompanying notes to financial statements.
101
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
The Topps Co., Inc..................... 555 $ 4,124
West Marine, Inc. (a).................. 198 2,768
WMS Industries, Inc. (a)............... 297 7,452
-----------
157,765
-----------
LODGING (HOTELS) -- 0.5%
Ameristar Casinos, Inc. ............... 333 7,559
Aztar Corp. (a)........................ 501 15,225
Choice Hotels International, Inc. ..... 522 21,799
Gaylord Entertainment Co. (a).......... 567 24,716
La Quinta Corp. (a).................... 2,913 32,451
Marcus Corp. .......................... 297 6,979
Orient-Express Hotels, Ltd. (Class
A)................................... 507 15,981
-----------
124,710
-----------
MACHINERY (DIVERSIFIED) -- 1.6%
AGCO Corp. (a)......................... 1,302 21,574
Albany International Corp. (Class A)... 405 14,645
Applied Industrial Technologies,
Inc. ................................ 387 13,038
Baldor Electric Co. ................... 429 11,004
Brush Engineered Materials, Inc. (a)... 270 4,293
Bucyrus International, Inc. (Class
A)................................... 288 15,178
Cascade Corp. ......................... 153 7,177
Cognex Corp. .......................... 573 17,242
Flowserve Corp. (a).................... 798 31,569
Franklin Electric Co., Inc. ........... 225 8,896
Gardner Denver, Inc. (a)............... 369 18,192
Global Power Equipment Group, Inc.
(a).................................. 504 2,278
IDEX Corp. ............................ 711 29,229
Input/Output, Inc. (a)................. 969 6,812
JLG Industries, Inc. .................. 738 33,697
Kaydon Corp. .......................... 405 13,017
Lindsay Manufacturing Co. ............. 162 3,115
Middleby Corp. (a)..................... 90 7,785
Mueller Industries, Inc. .............. 459 12,586
Nordson Corp. ......................... 378 15,313
PAREXEL International Corp. (a)........ 378 7,658
Presstek, Inc. (a)..................... 396 3,580
Robbins & Myers, Inc. ................. 162 3,297
Sauer-Danfoss, Inc. ................... 153 2,878
Stewart & Stevenson Services, Inc. .... 378 7,987
Tecumseh Products Co. (Class A)........ 225 5,155
Tennant Co. ........................... 99 5,148
The Manitowoc Co., Inc. ............... 423 21,243
UNOVA, Inc. (a)........................ 684 23,119
Wabtec Corp. .......................... 657 17,673
-----------
384,378
-----------
MANUFACTURING (DIVERSIFIED) -- 2.0%
Acuity Brands, Inc. ................... 612 19,462
Ameron International Corp. ............ 114 5,196
AO Smith Corp. ........................ 285 10,003
Aptargroup, Inc. ...................... 486 25,369
Barnes Group, Inc. .................... 252 8,316
Blount International, Inc. (a)......... 531 8,459
Carlisle Cos., Inc. ................... 450 31,117
Ceradyne, Inc. (a)..................... 324 14,191
Crane Co. ............................. 738 26,029
ESCO Technologies, Inc. (a)............ 369 16,417
Federal Signal Corp. .................. 693 10,402
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Griffon Corp. (a)...................... 384 $ 9,143
Harsco Corp. .......................... 600 40,506
Herman Miller, Inc. ................... 1,026 28,923
Hexcel Corp. (a)....................... 951 17,166
iRobot Corp. (a)....................... 100 3,333
Jacuzzi Brands, Inc. (a)............... 1,089 9,148
Matthews International Corp. (Class
A)................................... 465 16,931
Myers Industries, Inc. ................ 369 5,380
NACCO Industries, Inc. ................ 81 9,489
Photon Dynamics, Inc. (a).............. 243 4,442
Raven Industries, Inc. ................ 243 7,011
Reddy Ice Holdings, Inc. .............. 144 3,141
Regal-Beloit Corp. .................... 441 15,611
Standex International Corp. ........... 162 4,497
Terex Corp. (a)........................ 711 42,233
The Brink's Co. ....................... 819 39,238
The Toro Co. .......................... 621 27,181
Tredegar Corp. ........................ 366 4,718
Trinity Industries, Inc. .............. 627 27,632
-----------
490,684
-----------
MANUFACTURING (SPECIALIZED) -- 0.5%
Astec Industries, Inc. (a)............. 216 7,055
Briggs & Stratton Corp. ............... 744 28,860
CTS Corp. ............................. 531 5,873
Dionex Corp. (a)....................... 306 15,018
EnPro Industries, Inc. (a)............. 297 8,004
IKON Office Solutions, Inc. ........... 1,698 17,676
Oakley, Inc. .......................... 378 5,553
Teleflex, Inc. ........................ 522 33,919
-----------
121,958
-----------
METAL FABRICATORS -- 0.6%
CIRCOR International, Inc. ............ 180 4,619
Commercial Metals Co. ................. 852 31,984
Earle M. Jorgensen Co. (a)............. 360 3,323
General Cable Corp. (a)................ 567 11,170
Kennametal, Inc. ...................... 528 26,949
Lawson Products, Inc. ................. 72 2,717
NS Group, Inc. (a)..................... 324 13,546
Quanex Corp. .......................... 360 17,989
The Timken Co. ........................ 1,194 38,232
Valmont Industries, Inc. .............. 225 7,529
-----------
158,058
-----------
METALS MINING -- 0.4%
Actuant Corp. (Class A)................ 378 21,092
AMCOL International Corp. ............. 360 7,387
Century Aluminum Co. (a)............... 342 8,964
Coeur d' Alene Mines Corp. (a)......... 3,441 13,764
Hecla Mining Co. (a)................... 1,707 6,931
RTI International Metals, Inc. (a)..... 306 11,613
Titanium Metals Corp. (a).............. 89 5,630
USEC, Inc. ............................ 1,215 14,519
-----------
89,900
-----------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 2.4%
AGL Resources, Inc. ................... 1,053 36,655
Atmos Energy Corp. .................... 1,104 28,881
Boardwalk Pipeline Partners LP (a)..... 100 1,798
Buckeye Partners LP.................... 510 21,532
</Table>
See accompanying notes to financial statements.
102
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Crosstex Energy LP..................... 153 $ 5,214
Dynegy, Inc. (Class A) (a)............. 3,879 18,774
Enbridge Energy Management LLC (a)..... 135 6,122
Energen Corp. ......................... 954 34,649
Holly Energy Partners LP............... 99 3,652
Kinder Morgan Management LLC (a)....... 627 28,503
Laclede Group, Inc. ................... 288 8,413
National Fuel Gas Co. ................. 1,140 35,557
New Jersey Resources Corp. ............ 396 16,589
Nicor, Inc. ........................... 636 25,001
Northwest Natural Gas Co. ............. 396 13,535
Pacific Energy Partners LP............. 384 11,278
Peoples Energy Corp. .................. 540 18,938
Piedmont Natural Gas Co., Inc. ........ 1,041 25,151
Plains All American Pipeline LP........ 783 30,983
South Jersey Industries, Inc. ......... 402 11,714
Southern Union Co. (a)................. 1,509 35,658
Southwest Gas Corp. ................... 540 14,256
UGI Corp. ............................. 1,500 30,900
Valero LP.............................. 537 27,795
Vectren Corp. ......................... 1,095 29,740
Western Gas Resources, Inc. ........... 927 43,653
WGL Holdings, Inc. .................... 702 21,102
-----------
586,043
-----------
OFFICE EQUIPMENT & SUPPLIES -- 0.2%
ACCO Brands Corp. (a).................. 612 14,994
Ennis, Inc. ........................... 369 6,705
John H. Harland Co. ................... 402 15,115
United Stationers, Inc. (a)............ 477 23,134
-----------
59,948
-----------
OFFICE FURNISHINGS -- 0.3%
Global Imaging Systems, Inc. (a)....... 333 11,532
HNI Corp. ............................. 675 37,078
Interface, Inc. (Class A) (a).......... 648 5,326
Knoll, Inc. ........................... 297 5,082
Steelcase, Inc. (Class A).............. 789 12,490
-----------
71,508
-----------
OIL & GAS (DRILLING & EQUIPMENT) -- 1.7%
Atlas America, Inc. (a)................ 180 10,840
Atwood Oceanics, Inc. (a).............. 189 14,748
Basic Energy Services, Inc. (a)........ 200 3,990
CARBO Ceramics, Inc. .................. 279 15,769
Dresser-Rand Group, Inc. (a)........... 387 9,358
Dril-Quip, Inc. (a).................... 108 5,098
FMC Technologies, Inc. (a)............. 999 42,877
Global Industries, Inc. (a)............ 1,113 12,632
Grey Wolf, Inc. (a).................... 2,757 21,312
Helmerich & Payne, Inc. ............... 666 41,232
Hercules Offshore, Inc. (a)............ 100 2,841
Hornbeck Offshore Services, Inc. (a)... 288 9,418
Hydril (a)............................. 279 17,465
Lone Star Technologies, Inc. (a)....... 420 21,697
Lufkin Industries, Inc. ............... 207 10,323
Maverick Tube Corp. (a)................ 612 24,394
Oceaneering International, Inc. (a).... 360 17,921
Offshore Logistics, Inc. (a)........... 315 9,198
Oil States International, Inc. (a)..... 432 13,686
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Parker Drilling Co. (a)................ 1,365 $ 14,783
Pioneer Drilling Co. (a)............... 549 9,843
SEACOR Holdings, Inc. (a).............. 279 19,000
Superior Energy Services, Inc. (a)..... 1,086 22,860
Superior Well Services, Inc. (a)....... 90 2,138
Todco (Class A) (a).................... 879 33,455
W-H Energy Services, Inc. (a).......... 405 13,397
-----------
420,275
-----------
OIL & GAS (EXPLORATION/PRODUCTS) -- 3.0%
ATP Oil & Gas Corp. (a)................ 270 9,993
Berry Petroleum Co. (Class A).......... 270 15,444
Bill Barrett Corp. (a)................. 405 15,637
Bois d'Arc Energy, Inc. (a)............ 270 4,282
Brigham Exploration Co. (a)............ 558 6,618
Cabot Oil & Gas Corp. ................. 702 31,660
Cal Dive International, Inc. (a)....... 1,026 36,823
Cheniere Energy, Inc. (a).............. 735 27,357
Cimarex Energy Co. (a)................. 1,176 50,580
Comstock Resources, Inc. (a)........... 585 17,848
Delta Petroleum Corp. (a).............. 441 9,601
Denbury Resources, Inc. (a)............ 1,572 35,810
Dorchester Minerals LP................. 387 9,857
Encore Aquisition Co. (a).............. 672 21,531
Energy Partners, Ltd. (a).............. 501 10,917
Enterprise GP Holdings LP.............. 153 5,771
Forest Oil Corp. (a)................... 756 34,451
FX Energy, Inc. (a).................... 495 3,950
Gasco Energy, Inc. (a)................. 1,300 8,489
Harvest Natural Resources, Inc. (a).... 522 4,635
Hugoton Royalty Trust.................. 261 9,894
KCS Energy, Inc. (a)................... 708 17,148
McMoRan Exploration Co. (a)............ 279 5,516
Meridian Resource Corp. (a)............ 1,248 5,242
Newpark Resources, Inc. (a)............ 1,212 9,248
Penn Virginia Corp. ................... 234 13,432
Petrohawk Energy Corp. (a)............. 810 10,708
Petroleum Development Corp. (a)........ 234 7,802
Quicksilver Resources, Inc. (a)........ 774 32,516
Range Resources Corp. ................. 1,853 48,795
Remington Oil & Gas Corp. (a).......... 315 11,497
RPC, Inc. ............................. 378 9,956
St. Mary Land & Exploration Co. ....... 834 30,699
Stone Energy Corp. (a)................. 360 16,391
Swift Energy Co. (a)................... 405 18,253
The Houston Exploration Co. (a)........ 405 21,384
Unit Corp. (a)......................... 558 30,707
Vintage Petroleum, Inc. ............... 783 41,757
W&T Offshore, Inc. .................... 261 7,673
Whiting Petroleum Corp. (a)............ 495 19,800
-----------
729,672
-----------
OIL & GAS (REFINING & MARKETING) -- 0.5%
Alon USA Energy, Inc. (a).............. 144 2,830
Crosstex Energy, Inc. ................. 117 7,378
Frontier Oil Corp. .................... 792 29,724
Giant Industries, Inc. (a)............. 180 9,353
Hanover Compressor Co. (a)............. 1,320 18,625
Holly Corp. ........................... 357 21,016
Sunoco Logistics Partners LP........... 180 6,966
</Table>
See accompanying notes to financial statements.
103
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Universal Compression Holdings, Inc.
(a).................................. 297 $ 12,213
Veritas DGC, Inc. (a).................. 450 15,970
-----------
124,075
-----------
OIL (INTEGRATED) -- 0.1%
BP Prudhoe Bay Royalty Trust........... 306 20,379
World Fuel Services Corp. ............. 387 13,050
-----------
33,429
-----------
OIL FIELD SERVICES -- 0.1%
Tidewater, Inc. ....................... 774 34,412
-----------
PAPER & FOREST PRODUCTS -- 0.6%
Bowater, Inc. ......................... 801 24,607
Buckeye Technologies, Inc. (a)......... 540 4,347
Caraustar Industries, Inc. (a)......... 414 3,598
Deltic Timber Corp. ................... 162 8,401
Glatfelter............................. 555 7,875
Longview Fibre Co. .................... 738 15,358
Neenah Paper, Inc. .................... 216 6,048
Potlatch Corp. ........................ 423 21,565
Rayonier, Inc. ........................ 1,077 42,918
Rock-Tenn Co. ......................... 450 6,143
Schweitzer-Mauduit International,
Inc. ................................ 216 5,352
Wausau-Mosinee Paper Corp. ............ 702 8,319
Xerium Technologies, Inc. ............. 195 1,640
-----------
156,171
-----------
PERSONAL CARE -- 0.2%
Chattem, Inc. (a)...................... 225 8,188
Elizabeth Arden, Inc. (a).............. 351 7,041
NBTY, Inc. (a)......................... 873 14,186
Perrigo Co. ........................... 1,284 19,144
Revlon, Inc. (Class A) (a)............. 2,145 6,650
-----------
55,209
-----------
POWER PRODUCERS (INDEPENDENT) -- 0.1%
Headwaters, Inc. (a)................... 594 21,051
Ormat Technologies, Inc. .............. 90 2,353
-----------
23,404
-----------
PUBLISHING -- 0.3%
Courier Corp. ......................... 162 5,563
John Wiley & Sons, Inc. (Class A)...... 639 24,946
Primedia, Inc. (a)..................... 2,211 3,560
Reader's Digest Association, Inc. ..... 1,248 18,995
Scholastic Corp. (a)................... 405 11,546
-----------
64,610
-----------
PUBLISHING (NEWSPAPERS) -- 0.3%
Dow Jones & Co., Inc. ................. 654 23,210
Hollinger International, Inc. ......... 663 5,940
Journal Register Co. .................. 603 9,015
Lee Enterprises, Inc. ................. 591 21,814
McClatchy Co. (Class A)................ 288 17,021
-----------
77,000
-----------
RAILROADS -- 0.2%
GATX Corp. ............................ 630 22,730
Kansas City Southern Industries, Inc.
(a).................................. 915 22,354
-----------
45,084
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
REAL ESTATE INVESTMENT TRUST -- 7.9%
Aames Investment Corp. ................ 684 $ 4,419
Acadia Realty Trust.................... 402 8,060
Affordable Residential Communities..... 429 4,088
Alexander's, Inc. (a).................. 27 6,628
Alexandria Real Estate Equities,
Inc. ................................ 306 24,633
American Financial Realty Trust........ 1,851 22,212
American Home Mortgage Investment
Corp. ............................... 654 21,301
American Real Estate Partners LP....... 189 7,286
Amli Residential Properties Trust...... 369 14,040
Annaly Mortgage Management, Inc. ...... 1,752 19,167
Anthracite Capital, Inc. .............. 792 8,340
Anworth Mortgage Asset Corp. .......... 657 4,796
Arbor Realty Trust, Inc. .............. 243 6,299
Arden Realty, Inc. .................... 963 43,171
Ashford Hospitality Trust, Inc. ....... 600 6,294
Avatar Holdings, Inc. (a).............. 63 3,460
Bedford Property Investors, Inc. ...... 216 4,739
BioMed Realty Trust, Inc. ............. 645 15,738
Brandywine Realty Trust................ 774 21,602
BRE Properties, Inc. (Class A)......... 735 33,428
Camden Property Trust.................. 747 43,266
Capital Lease Funding, Inc. ........... 357 3,759
Capital Trust, Inc. (Class A).......... 171 5,007
CapitalSource, Inc. (a)................ 1,545 34,608
CarrAmerica Realty Corp. .............. 837 28,985
CB Richard Ellis Group, Inc. (Class A)
(a).................................. 853 50,199
CBL & Associates Properties, Inc. ..... 864 34,137
Centerpoint Properties Corp. .......... 699 34,586
CentraCore Properties Trust............ 162 4,353
Colonial Properties Trust.............. 627 26,321
Commercial Net Lease Realty............ 780 15,889
Corporate Office Properties Trust...... 492 17,486
Cousins Properties, Inc. .............. 567 16,046
Crescent Real Estate Equities Co. ..... 1,437 28,481
Deerfield Triarc Capital Corp. ........ 360 4,932
DiamondRock Hospitality Co. ........... 676 8,085
EastGroup Properties, Inc. ............ 315 14,225
Education Realty Trust, Inc. .......... 315 4,060
Entertainment Properties Trust......... 360 14,670
Equity Inns, Inc. ..................... 762 10,325
Equity Lifestyle Properties, Inc. ..... 306 13,617
Equity One, Inc. ...................... 522 12,069
Essex Property Trust, Inc. ............ 303 27,937
Extra Space Storage, Inc. ............. 793 12,212
Federal Realty Investment Trust........ 756 45,851
FelCor Lodging Trust, Inc. ............ 675 11,617
Fieldstone Investment Corp. ........... 702 8,326
First Industrial Realty Trust, Inc. ... 594 22,869
Franklin Street Properties Corp. ...... 789 16,530
Getty Realty Corp. .................... 279 7,335
Glenborough Realty Trust, Inc. ........ 522 9,448
Glimcher Realty Trust.................. 513 12,476
Global Signal, Inc. ................... 303 13,077
GMH Communities Trust.................. 537 8,329
Health Care REIT, Inc. ................ 747 25,323
Healthcare Realty Trust, Inc. ......... 681 22,657
Heritage Property Investment Trust..... 387 12,926
Highland Hospitality Corp. ............ 720 7,956
</Table>
See accompanying notes to financial statements.
104
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Highwoods Properties, Inc. ............ 774 $ 22,020
Home Properties of New York, Inc. ..... 456 18,605
HomeBanc Corp. ........................ 645 4,825
HRPT Properties Trust.................. 2,883 29,839
Impac Mortgage Holdings, Inc. ......... 1,077 10,135
Inland Real Estate Corp. .............. 870 12,867
Innkeepers USA Trust................... 612 9,792
Investors Real Estate Trust............ 645 5,953
JER Investors Trust, Inc. ............. 342 5,797
Jones Lang LaSalle, Inc. .............. 420 21,147
Kilroy Realty Corp. ................... 411 25,441
KKR Financial Corp. ................... 483 11,587
LaSalle Hotel Properties............... 432 15,863
Lexington Corporate Properties Trust... 747 15,911
LTC Properties, Inc. .................. 285 5,994
Luminent Mortgage Capital, Inc. ....... 495 3,717
Maguire Properties, Inc. .............. 537 16,593
Medical Properties Trust, Inc. ........ 171 1,672
MeriStar Hospitality Corp. (a)......... 1,260 11,844
MFA Mortgage Investments, Inc. ........ 1,188 6,772
Mid-America Apartment Communities,
Inc. ................................ 297 14,404
National Health Investors, Inc. ....... 333 8,645
Nationwide Health Properties, Inc. .... 960 20,544
New Century Financial Corp. ........... 807 29,108
Newcastle Investment Corp. ............ 585 14,537
Newkirk Realty Trust, Inc. ............ 300 4,650
Novastar Financial, Inc. .............. 423 11,891
Omega Healthcare Investors, Inc. ...... 735 9,254
Pan Pacific Retail Properties, Inc. ... 585 39,131
Parkway Properties, Inc. .............. 204 8,189
Pennsylvania Real Estate Investment
Trust................................ 486 18,157
Post Properties, Inc. ................. 576 23,011
Prentiss Properties Trust.............. 654 26,605
PS Business Parks, Inc. ............... 234 11,513
RAIT Investment Trust.................. 366 9,487
Ramco-Gershenson Properties Trust...... 243 6,476
Realty Income Corp. ................... 1,143 24,712
Reckson Associates Realty Corp. ....... 1,161 41,773
Redwood Trust, Inc. ................... 333 13,740
Saul Centers, Inc. .................... 153 5,523
Saxon Capital, Inc. ................... 720 8,158
Senior Housing Properties Trust........ 864 14,610
Shurgard Storage Centers, Inc. (Class
A)................................... 663 37,599
SL Green Realty Corp. ................. 585 44,688
Sovran Self Storage, Inc. ............. 225 10,568
Spirit Finance Corp. .................. 915 10,385
Strategic Hotel Capital, Inc. ......... 432 8,891
Sun Communities, Inc. ................. 276 8,666
Sunstone Hotel Investors, Inc. ........ 630 16,739
Tanger Factory Outlet Centers, Inc. ... 396 11,381
Taubman Centers, Inc. ................. 675 23,456
Town & Country Trust................... 234 7,912
Trammell Crow Co. (a).................. 513 13,158
Trizec Properties, Inc. ............... 1,338 30,667
Trustreet Properties, Inc. ............ 753 11,009
U-Store-It Trust....................... 648 13,640
U.S. Shipping Partners L.P. ........... 99 2,176
Universal Health Realty Income Trust... 162 5,077
Urstadt Biddle Properties (Class A).... 270 4,377
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Ventas, Inc. .......................... 1,482 $ 47,454
W.P. Carey & Co. LLC................... 396 10,043
Washington Real Estate Investment
Trust................................ 603 18,301
-----------
1,926,355
-----------
REINSURANCE -- 1.3%
Aspen Insurance Holdings, Ltd. ........ 666 15,764
Assured Guaranty, Ltd. ................ 711 18,052
Axis Capital Holdings, Ltd. ........... 1,752 54,803
Endurance Specialty Holdings, Ltd. .... 771 27,640
Enstar Group, Inc. (a)................. 100 6,625
IPC Holdings, Ltd. .................... 681 18,646
Max Re Capital, Ltd. .................. 621 16,127
Montpelier Re Holdings, Ltd. .......... 1,197 22,623
Odyssey Re Holdings Corp. ............. 180 4,514
PartnerRe, Ltd. ....................... 789 51,814
Platinum Underwriters Holdings,
Ltd. ................................ 654 20,320
RenaissanceRe Holdings, Ltd. .......... 1,026 45,257
Transatlantic Holdings, Inc. .......... 378 25,402
-----------
376,490
-----------
RESTAURANTS -- 1.5%
Applebees International, Inc. ......... 1,170 26,430
BJ's Restaurants, Inc. (a)............. 204 4,663
Bob Evans Farms, Inc. ................. 510 11,761
California Pizza Kitchen, Inc. (a)..... 279 8,920
CBRL Group, Inc. ...................... 702 24,675
CEC Entertainment, Inc. (a)............ 531 18,075
Domino's Pizza, Inc. .................. 441 10,672
IHOP Corp. ............................ 288 13,510
Jack in the Box, Inc. (a).............. 528 18,443
Krispy Kreme Doughnuts, Inc. (a)....... 834 4,787
Landry's Restaurants, Inc. ............ 252 6,731
Lone Star Steakhouse & Saloon, Inc. ... 261 6,196
O'Charleys, Inc. (a)................... 306 4,746
P F Chang's China Bistro, Inc. (a)..... 351 17,420
Panera Bread Co. (Class A) (a)......... 414 27,192
Papa John's International, Inc. (a).... 171 10,142
Rare Hospitality International, Inc.
(a).................................. 486 14,770
Red Robin Gourmet Burgers, Inc. (a).... 180 9,173
Ruby Tuesday, Inc. .................... 906 23,456
Ruth's Chris Steak House, Inc. (a)..... 189 3,421
Ryan's Restaurant Group, Inc. (a)...... 603 7,272
Sonic Corp. (a)........................ 855 25,223
Texas Roadhouse, Inc. (Class A) (a).... 684 10,636
The Cheesecake Factory, Inc. (a)....... 1,122 41,952
The Steak n Shake Co. (a).............. 396 6,712
Triarc Cos., Inc. (Class B)............ 618 9,177
-----------
376,490
-----------
RETAIL -- 0.1%
AFC Enterprises, Inc. (a).............. 297 4,491
CKE Restaurants, Inc. ................. 765 10,335
Ruddick Corp. ......................... 504 10,725
Weis Markets, Inc. .................... 108 4,648
-----------
19,864
-----------
RETAIL (DEPARTMENT STORES) -- 0.5%
Aeropostale, Inc. (a).................. 801 21,066
Cost Plus, Inc. (a).................... 315 5,402
Dillards, Inc. (Class A)............... 987 24,498
</Table>
See accompanying notes to financial statements.
105
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Saks, Inc. (a)......................... 1,815 $ 30,601
Stein Mart, Inc. ...................... 387 7,024
Tractor Supply Co. (a)................. 504 26,682
-----------
115,273
-----------
RETAIL (DISCOUNTERS) -- 0.4%
99 Cents Only Stores (a)............... 702 7,343
Big Lots, Inc. (a)..................... 1,662 19,961
BJ'S Wholesale Club, Inc. (a).......... 1,005 29,708
Dress Barn, Inc. (a)................... 315 12,162
Fred's, Inc. (Class A)................. 531 8,639
Tuesday Morning Corp. ................. 432 9,037
-----------
86,850
-----------
RETAIL (SPECIALTY APPAREL) -- 1.2%
AnnTaylor Stores Corp. (a)............. 1,053 36,350
Bebe Stores, Inc. ..................... 330 4,630
Brown Shoe Co., Inc. .................. 249 10,565
Buckle, Inc. .......................... 117 3,772
Burlington Coat Factory Warehouse
Corp. ............................... 288 11,580
Charming Shoppes, Inc. (a)............. 1,536 20,275
Christopher & Banks Corp. ............. 528 9,916
Claire's Stores, Inc. ................. 1,185 34,626
DEB Shops, Inc. ....................... 81 2,408
DSW, Inc. (Class A) (a)................ 216 5,664
Genesco, Inc. (a)...................... 315 12,219
Hot Topic, Inc. (a).................... 657 9,362
Jos. A. Bank Clothiers, Inc. (a)....... 189 8,204
Mens Wearhouse, Inc. (a)............... 708 20,844
New York & Co., Inc. (a)............... 207 4,388
Pacific Sunwear of California, Inc.
(a).................................. 1,107 27,586
Stage Stores, Inc. .................... 393 11,704
Talbots, Inc. ......................... 342 9,514
The Cato Corp. (Class A)............... 450 9,653
The Children's Place Retail Stores,
Inc. (a)............................. 198 9,785
Too, Inc. (a).......................... 501 14,133
Under Armour, Inc. (Class A) (a)....... 200 7,662
-----------
284,840
-----------
RETAIL (SPECIALTY) -- 2.2%
AC Moore Arts & Crafts, Inc. (a)....... 195 2,837
Asbury Automotive Group, Inc. (a)...... 216 3,555
Big 5 Sporting Goods Corp. ............ 324 7,092
Blockbuster, Inc. (Class A)............ 2,499 9,371
Borders Group, Inc. ................... 1,053 22,819
Build-A-Bear Workshop, Inc. (a)........ 153 4,535
Cabela's Inc. (a)...................... 630 10,458
Casey's General Stores, Inc. .......... 675 16,740
Cash America International, Inc. ...... 405 9,392
Coldwater Creek, Inc. (a).............. 522 15,937
Conn's, Inc. (a)....................... 117 4,314
Copart, Inc. (a)....................... 963 22,207
CSK Auto Corp. (a)..................... 672 10,134
Dicks Sporting Goods, Inc. (a)......... 468 15,556
First Cash Financial Services, Inc.
(a).................................. 198 5,774
GameStop Corp. (Class A) (a)........... 873 27,779
Group 1 Automotive, Inc. (a)........... 306 9,618
Guitar Center, Inc. (a)................ 360 18,004
Hibbett Sporting Goods, Inc. (a)....... 441 12,560
Inergy Holdings LP..................... 54 1,945
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Inergy LP.............................. 474 $ 12,291
Insight Enterprises, Inc. (a).......... 702 13,766
J Jill Group, Inc. (a)................. 279 5,309
Jo-Ann Stores, Inc. (a)................ 306 3,611
Linen 'n Things, Inc. (a).............. 654 17,396
Lithia Motors, Inc. (Class A).......... 216 6,791
Longs Drug Stores Corp. ............... 432 15,720
Movado Group, Inc. .................... 261 4,776
Movie Gallery, Inc. ................... 384 2,154
Nautilus Group, Inc. .................. 441 8,229
Nu Skin Enterprises, Inc. (Class A).... 762 13,396
OfficeMax, Inc. ....................... 933 23,661
Pantry, Inc. (a)....................... 315 14,802
PETCO Animal Supplies, Inc. (a)........ 594 13,038
Pier 1 Imports, Inc. .................. 1,149 10,031
School Specialty, Inc. (a)............. 324 11,807
Select Comfort Corp. (a)............... 531 14,523
Smart & Final, Inc. (a)................ 180 2,318
Sonic Automotive, Inc. (Class A)....... 423 9,425
Sotheby's Holding, Inc. (a)............ 666 12,228
The Finish Line, Inc. (Class A)........ 576 10,034
The Pep Boys -- Manny, Moe & Jack...... 834 12,418
The Sports Authority, Inc. (a)......... 324 10,086
The Yankee Candle, Inc. ............... 657 16,819
United Auto Group, Inc. ............... 288 11,002
Zale Corp. (a)......................... 747 18,787
Zumiez, Inc. (a)....................... 75 3,241
-----------
528,286
-----------
RETAIL STORES (DRUG STORE) -- 0.1%
Rite Aid Corp. (a)..................... 6,432 22,383
-----------
SAVINGS & LOAN COMPANIES -- 1.1%
Anchor Bancorp Wisconsin, Inc. ........ 315 9,557
BankAtlantic Bancorp, Inc. (Class A)... 672 9,408
BankUnited Financial Corp. ............ 402 10,681
Brookline Bancorp, Inc. ............... 891 12,625
Capitol Federal Financial.............. 306 10,080
Charter Financial Corp. ............... 54 1,928
Clifton Savings Bancorp, Inc. ......... 198 1,992
Dime Community Bancshares.............. 486 7,100
Downey Financial Corp. ................ 297 20,312
Fidelity Bankshares, Inc. ............. 330 10,791
First Financial Holdings, Inc. ........ 180 5,530
First Place Financial Corp. ........... 207 4,978
FirstFed Financial Corp. (a)........... 234 12,758
Flagstar Bancorp, Inc. ................ 447 6,437
Flushing Financial Corp. .............. 252 3,924
Franklin Bank Corp. (a)................ 339 6,099
Harbor Florida Bancshares, Inc. ....... 315 11,671
Kearny Financial Corp. ................ 315 3,843
KNBT Bancorp, Inc. .................... 492 8,015
MAF Bancorp, Inc. ..................... 468 19,366
NetBank, Inc. ......................... 675 4,846
Northwest Bancorp, Inc. ............... 297 6,314
OceanFirst Financial Corp. ............ 144 3,277
Partners Trust Financial Group,
Inc. ................................ 585 7,049
PFF Bancorp, Inc. ..................... 324 9,888
Provident New York Bancorp............. 663 7,300
Sterling Financial Corp. .............. 501 12,515
</Table>
See accompanying notes to financial statements.
106
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
United Community Financial Corp. ...... 396 $ 4,677
Washington Federal, Inc. .............. 1,248 28,692
Wauwatosa Holdings, Inc. (a)........... 144 1,647
World Acceptance Corp. (a)............. 234 6,669
WSFS Financial Corp. .................. 90 5,512
-----------
275,481
-----------
SEMICONDUCTORS -- 0.1%
AMIS Holdings, Inc. (a)................ 477 5,080
Exar Corp. (a)......................... 504 6,310
Tessera Technologies, Inc. (a)......... 636 16,441
Veeco Instruments, Inc. (a)............ 369 6,395
-----------
34,226
-----------
SERVICES (ADVERTISING/MARKETING) -- 0.5%
ADVO, Inc. ............................ 441 12,427
aQuantive, Inc. (a).................... 792 19,990
Catalina Marketing Corp. .............. 708 17,948
Harte-Hanks, Inc. ..................... 735 19,397
Marchex, Inc. (Class B) (a)............ 297 6,680
R.H. Donnelley Corp. (a)............... 450 27,729
ValueVision Media, Inc. (Class A)
(a).................................. 369 4,649
Ventiv Health, Inc. (a)................ 387 9,141
-----------
117,961
-----------
SERVICES (COMMERCIAL & CONSUMER) -- 5.1%
Aaron Rents, Inc. (Class B)............ 594 12,522
ABM Industries, Inc. .................. 573 11,202
ACE Cash Express, Inc. (a)............. 153 3,573
ADESA, Inc. ........................... 1,323 32,308
Administaff, Inc. ..................... 315 13,246
Advance America Cash Advance Centers,
Inc. ................................ 915 11,346
Advisory Board Co. (a)................. 252 12,013
Alderwoods Group, Inc. (a)............. 576 9,141
Alliance Data Systems Corp. (a)........ 1,054 37,522
AMN Healthcare Services, Inc. (a)...... 414 8,189
Arbitron, Inc. ........................ 447 16,977
Avnet, Inc. (a)........................ 1,743 41,727
Banta Corp. ........................... 360 17,928
BearingPoint, Inc. (a)................. 2,445 19,218
Bright Horizons Family Solutions, Inc.
(a).................................. 387 14,338
CBIZ, Inc. (a)......................... 951 5,725
Central Parking Corp. ................. 252 3,457
Chemed Corp. .......................... 366 18,183
Coinstar, Inc. (a)..................... 333 7,602
Compass Minerals International,
Inc. ................................ 447 10,969
Convergys Corp. (a).................... 2,046 32,429
Corinthian Colleges, Inc. (a).......... 1,305 15,373
Corrections Corp. of America (a)....... 567 25,498
CoStar Group, Inc. (a)................. 243 10,490
CRA International, Inc. (a)............ 162 7,726
Cross Country Healthcare, Inc. (a)..... 360 6,401
Deluxe Corp. .......................... 726 21,882
DeVry, Inc. (a)........................ 882 17,640
DiamondCluster International, Inc.
(a).................................. 414 3,287
Dollar Thrifty Automotive Group (a).... 339 12,228
Educate, Inc. (a)...................... 288 3,398
Education Management Corp. (a)......... 987 33,074
Euronet Worldwide, Inc. (a)............ 438 12,176
Forrester Research, Inc. (a)........... 198 3,713
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
FTI Consulting, Inc. (a)............... 618 $ 16,958
G & K Services, Inc. (Class A)......... 270 10,598
Gartner, Inc. (a)...................... 756 9,752
Global Cash Access, Inc. (a)........... 234 3,414
Healthcare Services Group, Inc. ....... 342 7,083
Heartland Payment Systems, Inc. (a).... 99 2,144
Interactive Data Corp. (a)............. 513 11,650
iPayment, Inc. (a)..................... 189 7,847
ITT Educational Services, Inc. (a)..... 657 38,835
Jackson Hewitt Tax Service, Inc. ...... 465 12,885
Laidlaw International, Inc. ........... 1,500 34,845
Landauer, Inc. ........................ 126 5,807
Laureate Education, Inc. (a)........... 645 33,869
LECG Corp. (a)......................... 270 4,693
Lincoln Educational Services Corp.
(a).................................. 54 770
Macquarie Infrastructure Co. Trust..... 351 10,811
MAXIMUS, Inc. ......................... 270 9,906
McGrath Rentcorp....................... 288 8,006
Morningstar, Inc. (a).................. 144 4,988
Navigant Consulting, Inc. (a).......... 702 15,430
NCO Group, Inc. (a).................... 423 7,157
Netflix, Inc. (a)...................... 384 10,391
Pharmaceutical Product Development,
Inc. ................................ 726 44,976
PHH Corp. (a).......................... 762 21,351
PRA International (a).................. 279 7,854
Pre-Paid Legal Services, Inc. ......... 207 7,910
Quanta Services, Inc. (a).............. 1,467 19,320
Regis Corp. ........................... 639 24,646
Rent-A-Center, Inc. (a)................ 1,080 20,369
Rollins, Inc. ......................... 504 9,934
Service Corp. International............ 4,476 36,614
SFBC International, Inc. (a)........... 261 4,179
Sourcecorp, Inc. (a)................... 225 5,396
Spectrum Brands, Inc. (a).............. 510 10,358
Steiner Leisure, Ltd. (a).............. 279 9,921
Stewart Enterprises, Inc. (Class A).... 1,386 7,498
Strayer Education, Inc. ............... 213 19,958
TeleTech Holdings, Inc. (a)............ 558 6,724
The Corporate Executive Board Co. ..... 594 53,282
TNS, Inc. (a).......................... 333 6,387
Universal Technical Institute, Inc.
(a).................................. 297 9,189
Valassis Communications, Inc. (a)...... 747 21,715
VCA Antech, Inc. (a)................... 1,185 33,417
Viad Corp. ............................ 321 9,415
Volt Information Sciences, Inc. (a).... 126 2,397
Washington Group International,
Inc. ................................ 378 20,023
Watson Wyatt Worldwide, Inc. (Class
A)................................... 603 16,824
Websense, Inc. (a)..................... 333 21,858
Wright Express Corp. (a)............... 582 12,804
-----------
1,244,659
-----------
SERVICES (COMPUTER SYSTEMS) -- 0.3%
CACI International, Inc. (Class A)
(a).................................. 423 24,272
CIBER, Inc. (a)........................ 801 5,286
Digital River, Inc. (a)................ 495 14,721
eFunds Corp. (a)....................... 654 15,330
Keane, Inc. (a)........................ 780 8,588
-----------
68,197
-----------
</Table>
See accompanying notes to financial statements.
107
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
SERVICES (DATA PROCESSING) -- 1.1%
Acxiom Corp. .......................... 1,142 $ 26,266
CCC Information Services Group, Inc.
(a).................................. 162 4,248
Certegy, Inc. ......................... 900 36,504
CSG Systems International, Inc. (a).... 684 15,267
Fair Isaac Corp. ...................... 972 42,933
FalconStor Software, Inc. (a).......... 369 2,727
FileNET Corp. (a)...................... 567 14,657
Global Payments, Inc. ................. 1,095 51,038
infoUSA, Inc. (a)...................... 510 5,574
MoneyGram International, Inc. ......... 1,278 33,330
The BISYS Group, Inc. (a).............. 1,734 24,293
-----------
256,837
-----------
SERVICES (EMPLOYMENT) -- 0.6%
CDI Corp. ............................. 180 4,932
First Advantage Corp. (Class A) (a).... 100 2,671
Gevity HR, Inc. ....................... 387 9,954
Heidrick & Struggles International,
Inc. (a)............................. 279 8,942
Hewitt Associates, Inc. (Class A)
(a).................................. 767 21,484
Hudson Highland Group, Inc. (a)........ 348 6,041
Kelly Services, Inc. (Class A)......... 270 7,079
Kforce, Inc. (a)....................... 513 5,725
Korn/Ferry International (a)........... 564 10,541
Labor Ready, Inc. (a).................. 603 12,555
MPS Group, Inc. (a).................... 1,518 20,751
Resources Connection, Inc. (a)......... 684 17,825
Spherion Corp. (a)..................... 879 8,799
-----------
137,299
-----------
SHIPPING -- 0.5%
American Commercial Lines, Inc. (a).... 117 3,544
Double Hull Tankers, Inc. (a).......... 234 3,082
Eagle Bulk Shipping, Inc. ............. 288 4,585
Genco Shipping & Trading, Ltd. ........ 171 2,982
General Maritime Corp. ................ 513 19,002
Genesee & Wyoming, Inc. (Class A)
(a).................................. 369 13,856
Gulfmark Offshore, Inc. (a)............ 288 8,531
Horizon Lines, Inc. ................... 180 2,183
HUB Group, Inc. (Class A) (a).......... 288 10,181
Kirby Corp. (a)........................ 288 15,025
OMI Corp. ............................. 1,115 20,237
Pacer International, Inc. ............. 540 14,072
Ship Finance International, Ltd. ...... 546 9,227
TAL International Group, Inc. (a)...... 162 3,345
-----------
129,852
-----------
SPECIALTY PRINTING -- 0.1%
Bowne & Co., Inc. ..................... 510 7,568
Consolidated Graphics, Inc. (a)........ 171 8,095
VistaPrint, Ltd. (a)................... 144 3,277
-----------
18,940
-----------
STEEL -- 1.0%
AK Steel Holding Corp. (a)............. 1,491 11,853
Allegheny Technologies, Inc. .......... 1,122 40,482
Carpenter Technology Corp. ............ 315 22,198
Chaparral Steel Co. (a)................ 330 9,982
Cleveland-Cliffs, Inc. ................ 315 27,900
Gibraltar Industries, Inc. ............ 423 9,704
Oregon Steel Mills, Inc. (a)........... 495 14,563
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Reliance Steel & Aluminum Co. ......... 405 $ 24,754
Ryerson Tull, Inc. .................... 330 8,026
Schnitzer Steel Industries, Inc. (Class
A)................................... 324 9,911
Steel Dynamics, Inc. .................. 654 23,223
The Shaw Group, Inc. (a)............... 1,122 32,639
Worthington Industries, Inc. .......... 1,026 19,709
-----------
254,944
-----------
STORAGE/WAREHOUSING -- 0.0% (B)
Mobile Mini, Inc. (a).................. 207 9,812
-----------
TELECOMMUNICATIONS -- 0.2%
Audiovox Corp. (Class A) (a)........... 270 3,742
Commonwealth Telephone Enterprises,
Inc. ................................ 306 10,334
Global Crossing, Ltd. (a).............. 225 3,607
Ixia (a)............................... 504 7,449
RCN Corp. (a).......................... 522 12,241
Symmetricom, Inc. (a).................. 639 5,412
Wireless Facilities, Inc. (a).......... 681 3,473
-----------
46,258
-----------
TELEPHONE -- 0.4%
Broadwing Corp. (a).................... 918 5,554
Cincinnati Bell, Inc. (a).............. 3,540 12,425
Consolidated Communications Holdings,
Inc. ................................ 261 3,390
General Communication, Inc. (Class A)
(a).................................. 636 6,570
IDT Corp. (Class B) (a)................ 981 11,478
Iowa Telecommunications Services,
Inc. ................................ 333 5,158
Level 3 Communications, Inc. (a)....... 8,949 25,684
NeuStar, Inc. (Class A) (a)............ 396 12,074
Premiere Global Services, Inc. (a)..... 942 7,659
SureWest Communications................ 189 4,984
Time Warner Telecom, Inc. (Class A)
(a).................................. 717 7,062
Valor Communications Group, Inc. ...... 549 6,259
-----------
108,297
-----------
TEXTILES (APPAREL) -- 0.6%
Carter's, Inc. (a)..................... 261 15,360
Columbia Sportswear Co. (a)............ 216 10,310
Guess ?, Inc. (a)...................... 225 8,010
Gymboree Corp. (a)..................... 441 10,319
Kellwood Co. .......................... 396 9,456
Maidenform Brands, Inc. (a)............ 186 2,355
Oxford Industries, Inc. ............... 204 11,159
Phillips-Van Heusen Corp. ............. 531 17,204
Quiksilver, Inc. (a)................... 1,707 23,625
Russell Corp. ......................... 414 5,572
UniFirst Corp. ........................ 126 3,919
Volcom, Inc. (a)....................... 81 2,755
Warnaco Group, Inc. (a)................ 630 16,834
-----------
136,878
-----------
TOBACCO -- 0.3%
Loews Corp. (Carolina Group)........... 1,077 47,377
Universal Corp. ....................... 369 16,000
Vector Group, Ltd. .................... 297 5,397
-----------
68,774
-----------
TRANSPORTATION -- 0.6%
Alexander & Baldwin, Inc. ............. 630 34,171
EGL, Inc. (a).......................... 504 18,935
Florida East Coast Industries, Inc. ... 261 11,059
</Table>
See accompanying notes to financial statements.
108
STREETTRACKS DJ WILSHIRE SMALL CAP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Overseas Shipholding Group, Inc. ...... 396 $ 19,954
RailAmerica, Inc. (a).................. 531 5,836
Teekay Shipping Corp. ................. 699 27,890
UTI Worldwide, Inc. ................... 270 25,067
-----------
142,912
-----------
TRUCKING -- 0.9%
Amerco, Inc. (a)....................... 126 9,078
Arkansas Best Corp. ................... 324 14,152
CNF, Inc. ............................. 762 42,588
Forward Air Corp. ..................... 468 17,152
Heartland Express, Inc. ............... 663 13,452
Knight Transportation, Inc. ........... 797 16,512
Landstar Systems, Inc. ................ 861 35,938
Old Dominion Freight Line, Inc. (a).... 416 11,210
Ryder Systems, Inc. ................... 924 37,903
SIRVA, Inc. (a)........................ 360 2,880
Swift Transportation Co., Inc. (a)..... 702 14,251
Werner Enterprises, Inc. .............. 816 16,075
-----------
231,191
-----------
TRUCKS & PARTS -- 0.3%
ASV, Inc. (a).......................... 288 7,194
Interpool, Inc. ....................... 177 3,342
Oshkosh Truck Corp. ................... 1,059 47,221
The Greenbrier Cos., Inc. ............. 171 4,857
Wabash National Corp. ................. 447 8,515
-----------
71,129
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
WATER -- 0.1%
American States Water Co. ............. 243 $ 7,484
California Water Service Group......... 243 9,290
SJW Corp. ............................. 90 4,095
-----------
20,869
-----------
TOTAL COMMON STOCKS -- (Cost
$24,278,366)......................... 24,329,907
-----------
SHORT TERM INVESTMENTS -- 0.1%
MONEY MARKET FUND -- 0.1%
AIM Short Term Investment Class Prime
Fund (Cost $19,982).................. 19,982 19,982
-----------
TOTAL INVESTMENTS -- 99.8%
(Cost $24,298,348)................... 24,349,889
OTHER ASSETS AND LIABILITIES -- 0.2% 49,558
-----------
NET ASSETS -- 100.0%................... $24,399,447
===========
(a) Non-income producing security
(b) Amount shown represents less than 0.005% of
net assets.
</Table>
See accompanying notes to financial statements.
109
STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.7%
AEROSPACE/DEFENSE -- 0.9%
AAR Corp. (a).......................... 2,550 $ 61,072
Armor Holdings, Inc. (a)............... 2,695 114,942
BE Aerospace, Inc. (a)................. 4,781 105,182
Curtiss-Wright Corp. .................. 1,765 96,369
Innovative Solutions & Support, Inc.
(a).................................. 1,168 14,927
K&F Industries Holdings, Inc. (a)...... 1,489 22,871
Moog, Inc. (a)......................... 2,973 84,374
MTC Technologies, Inc. (a)............. 849 23,246
Orbital Sciences Corp. (a)............. 4,674 60,014
United Industrial Corp. ............... 853 35,288
-----------
618,285
-----------
AGRICULTURE -- 0.1%
Delta and Pine Land Co. ............... 3,078 70,825
-----------
AIR FREIGHT -- 0.1%
ABX Air, Inc. (a)...................... 4,887 38,265
-----------
AIRLINES -- 0.9%
AirTran Holdings, Inc. (a)............. 7,222 115,769
Continental Airlines, Inc. (Class B)
(a).................................. 7,117 151,592
ExpressJet Holdings, Inc. (a).......... 3,188 25,791
JetBlue Airways Corp. (a).............. 13,011 200,109
SkyWest, Inc. ......................... 4,888 131,292
-----------
624,553
-----------
AUTO PARTS & EQUIPMENT -- 0.1%
Accuride Corp. (a)..................... 1,905 24,575
Keystone Automotive Industries, Inc.
(a).................................. 1,276 40,168
-----------
64,743
-----------
BANKS (REGIONAL) -- 3.3%
Bank of the Ozarks, Inc. .............. 851 31,402
Boston Private Financial Holdings,
Inc. ................................ 2,442 74,286
Capitol Bancorp, Ltd. ................. 1,172 43,880
Cascade Bancorp........................ 1,382 31,800
Cathay General Bancorp................. 3,612 129,815
CoBiz, Inc. ........................... 1,170 21,329
East West Bancorp, Inc. ............... 4,186 152,747
EuroBancshares, Inc. (a)............... 1,063 15,063
First Community Bancorp, Inc. ......... 1,265 68,778
Frontier Financial Corp. .............. 2,339 74,848
Great Southern Bancorp, Inc. .......... 848 23,413
Hanmi Financial Corp. ................. 4,142 73,976
Investors Financial Services Corp. .... 5,527 203,559
Main Street Banks, Inc. ............... 1,380 37,577
MB Financial, Inc. .................... 2,334 82,624
Old Second Bancorp, Inc. .............. 1,277 39,038
PrivateBancorp, Inc. .................. 1,700 60,469
Prosperity Bancshares, Inc. ........... 2,336 67,137
S.Y. Bancorp, Inc. .................... 1,061 26,546
Signature Bank (a)..................... 2,021 56,729
SVB Financial Group (a)................ 2,983 139,724
Texas Capital Bancshares, Inc. (a)..... 2,016 45,179
Texas Regional Bancshare, Inc. ........ 3,823 108,191
Trico Bancshares....................... 1,272 29,752
UCBH Holdings, Inc. ................... 7,650 136,782
Umpqua Holdings Corp. ................. 3,716 106,017
United Community Banks, Inc. .......... 2,764 73,688
Virginia Commerce Bancorp (a).......... 954 27,752
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
W Holding Co., Inc. ................... 11,153 $ 91,789
Westamerica Bancorporation............. 2,659 141,113
Western Alliance Bancorp (a)........... 318 9,499
Wintrust Financial Corp. .............. 1,916 105,188
Zions Bancorp.......................... 1 76
-----------
2,329,766
-----------
BEVERAGES (ALCOHOLIC) -- 0.0% (B)
Boston Beer Co., Inc. (a).............. 743 18,575
-----------
BEVERAGES (NON-ALCOHOLIC) -- 0.4%
Coca-Cola Hellenic Bottling Co. SA..... 320 13,760
Hansen Natural Corp. (a)............... 1,276 100,562
Peet's Coffee & Tea, Inc. (a).......... 1,169 35,479
PepsiAmericas, Inc. ................... 5,739 133,489
-----------
283,290
-----------
BIOTECHNOLOGY -- 4.0%
Abgenix, Inc. (a)...................... 6,585 141,643
Affymetrix, Inc. (a)................... 5,498 262,530
Albany Molecular Research, Inc. (a).... 1,703 20,691
Biosite, Inc. (a)...................... 1,434 80,720
Coley Pharmaceutical Group, Inc. (a)... 530 8,035
CV Therapeutics, Inc. (a).............. 3,643 90,091
Digene Corp. (a)....................... 1,592 46,439
Encysive Pharmaceuticals, Inc. (a)..... 4,781 37,722
Enzo Biochem, Inc. (a)................. 2,552 31,696
Enzon Pharmaceuticals, Inc. (a)........ 3,716 27,498
Exelixis, Inc. (a)..................... 7,009 66,025
Geron Corp. (a)........................ 5,313 45,745
Haemonetics Corp. (a).................. 2,140 104,560
ICOS Corp. (a)......................... 4,886 135,000
Integra LifeSciences Holdings Corp.
(a).................................. 1,489 52,800
Keryx Biopharmaceuticals, Inc. (a)..... 2,658 38,913
Lexicon Genetics, Inc. (a)............. 3,509 12,808
Lifecell Corp. (a)..................... 2,654 50,612
Martek Biosciences Corp. (a)........... 2,557 62,928
Maxygen, Inc. (a)...................... 2,232 16,762
Momenta Pharmaceuticals, Inc. (a)...... 1,383 30,481
Myogen, Inc. (a)....................... 1,936 58,390
Myriad Genetics, Inc. (a).............. 3,120 64,896
Nabi Biopharmaceuticals (a)............ 4,888 16,521
Nektar Therapeutics (a)................ 7,108 116,998
Neurocrine Biosciences, Inc. (a)....... 3,026 189,821
Northfield Laboratories, Inc. (a)...... 2,124 28,462
NPS Pharmaceuticals, Inc. (a).......... 3,829 45,335
Onyx Pharmaceuticals, Inc. (a)......... 3,315 95,339
PDL Biopharma, Inc. (a)................ 9,270 263,453
Regeneron Pharmaceuticals, Inc. (a).... 3,188 50,849
Serologicals Corp. (a)................. 2,867 56,595
Techne Corp. (a)....................... 2,992 168,001
Telik, Inc. (a)........................ 4,391 74,603
Vertex Pharmaceuticals, Inc. (a)....... 7,759 214,692
-----------
2,807,654
-----------
BROADCASTING (TV, RADIO & CABLE) -- 0.7%
Charter Communications, Inc. (a)....... 33,862 41,312
CKX, Inc. (a).......................... 3,822 49,686
Crown Media Holdings, Inc. (Class A)
(a).................................. 848 7,776
Entercom Communications Corp. (a)...... 3,317 98,415
Entravision Communications Corp. (a)... 4,677 33,300
</Table>
See accompanying notes to financial statements.
110
STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Gemstar-TV Guide International, Inc.
(a).................................. 20,928 $ 54,622
Gray Television, Inc. ................. 3,929 38,583
Martha Stewart Living Omnimedia, Inc.
(Class A) (a)........................ 1,699 29,614
Mediacom Communications Corp. (a)...... 3,904 21,433
Salem Communications Corp. (a)......... 959 16,773
Spanish Broadcasting System, Inc.
(a).................................. 3,295 16,837
Westwood One, Inc. .................... 6,269 102,185
WorldSpace, Inc. (Class A) (a)......... 959 13,915
-----------
524,451
-----------
BUILDING MATERIALS -- 0.8%
Drew Industries, Inc. (a).............. 1,381 38,930
Florida Rock Industries, Inc. ......... 4,251 208,554
Genlyte Group, Inc. (a)................ 2,022 108,318
Interline Brands, Inc. (a)............. 2,337 53,167
Simpson Manufacturing Co., Inc. ....... 3,096 112,540
Trex Co., Inc. (a)..................... 852 23,899
-----------
545,408
-----------
CELLULAR/WIRELESS TELECOMMUNICATIONS -- 1.4%
Alamosa Holdings, Inc. (a)............. 12,535 233,276
Atheros Communications, Inc. (a)....... 2,445 31,785
Centennial Communications Corp. (a).... 2,018 31,320
Dobson Communications Corp. (Class A)
(a).................................. 12,192 91,440
InterDigital Communications Corp.
(a).................................. 4,582 83,942
Leap Wireless International, Inc.
(a).................................. 3,189 120,799
Novatel Wireless, Inc. (a)............. 1,912 23,154
Price Communications Corp. (a)......... 3,508 52,164
SBA Communications Corp. (a)........... 6,590 117,961
Syniverse Holdings, Inc. (a)........... 2,339 48,885
Ubiquitel, Inc. (a).................... 6,267 61,981
Viasat, Inc. (a)....................... 2,124 56,775
-----------
953,482
-----------
CHEMICALS (DIVERSIFIED) -- 0.2%
Celanese Corp. ........................ 5,892 112,655
-----------
CHEMICALS (SPECIALTY) -- 0.6%
American Vanguard Corp. ............... 1,065 25,028
CF Industries Holdings, Inc. .......... 3,503 53,421
MacDermid, Inc. ....................... 2,110 58,869
Symyx Technologies (a)................. 2,658 72,537
Terra Industries, Inc. (a)............. 7,759 43,450
The Scotts Co. (Class A)............... 3,731 168,790
-----------
422,095
-----------
COAL -- 0.2%
Alliance Resource Partners LP.......... 1,633 60,748
Alpha Natural Resources, Inc. (a)...... 3,082 59,205
-----------
119,953
-----------
COMMUNICATIONS EQUIPMENT -- 2.5%
Aeroflex, Inc. (a)..................... 6,267 67,370
Arris Group, Inc. (a).................. 8,406 79,605
Avid Technology, Inc. (a).............. 3,469 189,962
Comtech Telecommunications Corp. (a)... 1,807 55,186
Harmonic, Inc. (a)..................... 6,056 29,372
Hypercom Corp. (a)..................... 4,142 26,467
I.C., Inc. ............................ 5,632 167,496
Inter-Tel, Inc. ....................... 1,699 33,249
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
JDS Uniphase Corp. (a)................. 131,535 $ 310,423
Loral Space & Communications, Ltd.
(a).................................. 1,000 28,250
Netgear, Inc. (a)...................... 2,657 51,147
Plantronics, Inc. ..................... 4,028 113,992
Polycom, Inc. (a)...................... 8,390 128,367
SafeNet, Inc. (a)...................... 2,018 65,020
SonicWALL, Inc. (a).................... 4,566 36,163
Sonus Networks, Inc. (a)............... 20,716 77,064
Tekelec (a)............................ 5,299 73,656
Utstarcom, Inc. (a).................... 8,391 67,631
West Corp. (a)......................... 2,231 94,037
Zhone Technologies, Inc. (a)........... 9,776 20,725
-----------
1,715,182
-----------
COMPUTER SOFTWARE/SERVICES -- 9.9%
1-800-FLOWERS.COM, Inc. (Class A)
(a).................................. 2,123 13,630
Advanced Digital Information Corp.
(a).................................. 5,313 52,014
Agile Software Corp. (a)............... 4,142 24,769
Akamai Technologies, Inc. (a).......... 12,448 248,089
Altiris, Inc. (a)...................... 1,699 28,696
Ansys, Inc. (a)........................ 2,553 108,988
Anteon International Corp. (a)......... 2,706 147,071
Ariba, Inc. (a)........................ 5,526 40,616
Audible, Inc. (a)...................... 1,484 19,055
Blackbaud, Inc. ....................... 1,167 19,932
Blackboard, Inc. (a)................... 1,166 33,791
Blue Nile, Inc. (a).................... 1,332 53,693
CMGI, Inc. (a)......................... 38,142 57,976
CNET Networks, Inc. (a)................ 11,162 163,970
Concur Technologies, Inc. (a).......... 2,552 32,895
Covad Communications Group, Inc. (a)... 22,052 21,611
Digital Insight Corp. (a).............. 2,764 88,503
Digitas, Inc. (a)...................... 7,328 91,747
Dot Hill Systems Corp. (a)............. 3,614 25,045
EarthLink, Inc. (a).................... 10,835 120,377
Eclipsys Corp. (a)..................... 3,291 62,299
Emdeon Corp. (a)....................... 24,705 209,004
Epicor Software Corp. (a).............. 3,294 46,544
Equinix, Inc. (a)...................... 2,207 89,957
eResearch Technology, Inc. (a)......... 3,349 50,570
F5 Networks, Inc. (a).................. 3,176 181,635
Factset Research Systems, Inc. ........ 3,081 126,814
FTD Group, Inc. (a).................... 1,166 12,115
Hyperion Solutions Corp. (a)........... 4,948 177,237
i2 Technologies, Inc. (a).............. 959 13,531
IDX Systems Corp. (a).................. 1,789 78,573
IHS, Inc. (a).......................... 1,172 24,049
Informatica Corp. (a).................. 7,227 86,724
Infospace, Inc. (a).................... 2,423 62,562
InPhonic, Inc. (a)..................... 1,595 13,861
Internet Security Systems, Inc. (a).... 3,185 66,726
InterVoice, Inc. (a)................... 3,188 25,376
Interwoven, Inc. (a)................... 3,081 26,096
Ipass Inc. (a)......................... 4,035 26,470
iVillage, Inc. (a)..................... 4,571 36,659
JDA Software Group, Inc. (a)........... 2,443 41,555
Jupitermedia Corp. (a)................. 1,806 26,693
Kanbay International, Inc. (a)......... 1,913 30,398
</Table>
See accompanying notes to financial statements.
111
STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Komag, Inc. (a)........................ 2,407 $ 83,427
Lawson Software, Inc. (a).............. 4,993 36,699
Lexar Media, Inc. (a).................. 6,270 51,477
Lionbridge Technologies, Inc. (a)...... 3,610 25,342
Macrovision Corp. (a).................. 4,144 69,329
Manhattan Associates, Inc. (a)......... 2,446 50,094
Maxtor Corp. (a)....................... 20,720 143,797
Micromuse, Inc. (a).................... 6,690 66,164
MicroStrategy Inc. (a)................. 854 70,660
Netratings, Inc. (a)................... 853 10,517
NIC, Inc. (a).......................... 2,654 16,349
Nuance Communications, Inc. (a)........ 10,409 79,421
Nutri/System, Inc. (a)................. 2,230 80,325
Open Solutions, Inc. (a)............... 1,490 34,151
Openwave Systems, Inc. (a)............. 7,240 126,483
Opsware, Inc. (a)...................... 6,690 45,425
Overstock.com, Inc. (a)................ 1,061 29,867
Packeteer, Inc. (a).................... 2,784 21,632
Parametric Technology Corp. (a)........ 22,523 137,390
PDF Solutions, Inc. (a)................ 1,487 24,164
Per-Se Technologies, Inc. (a).......... 2,248 52,513
Priceline.com, Inc. (a)................ 2,019 45,064
Progress Software Corp. (a)............ 3,190 90,532
ProQuest Co. (a)....................... 1,910 53,308
Quality Systems, Inc. (a).............. 637 48,896
Quantum Corp. (a)...................... 15,191 46,333
Quest Software, Inc. (a)............... 4,354 63,525
RealNetworks, Inc. (a)................. 9,455 73,371
Red Hat, Inc. (a)...................... 13,857 377,465
Redback Networks, Inc. (a)............. 4,359 61,288
RSA Security, Inc. (a)................. 5,951 66,830
S1 Corp. (a)........................... 5,628 24,482
Salesforce.com, Inc. (a)............... 6,586 211,081
Sapient Corp. (a)...................... 6,696 38,100
SERENA Software, Inc. (a).............. 2,234 52,365
SRA International, Inc. (a)............ 2,960 90,398
SSA Global Technologies, Inc. (a)...... 744 13,533
Stamps.com, Inc. (a)................... 1,591 36,529
Sybase, Inc. (a)....................... 7,543 164,890
Syntel, Inc. .......................... 1,060 22,080
Take-Two Interactive Software, Inc.
(a).................................. 5,855 103,633
Talx Corp. ............................ 1,596 72,953
The TriZetto Group, Inc. (a)........... 3,509 59,618
TIBCO Software, Inc. (a)............... 16,679 124,592
Transaction Systems Architects, Inc.
(a).................................. 3,188 91,782
Travelzoo, Inc. (a).................... 214 4,708
Trident Microsystems, Inc. (a)......... 4,034 72,612
Tyler Technologies, Inc. (a)........... 2,977 26,138
Ulticom, Inc. (a)...................... 1,061 10,408
United Online, Inc. ................... 5,310 75,508
Valueclick, Inc. (a)................... 8,140 147,415
VeriFone Holdings, Inc. (a)............ 3,140 79,442
Verint Systems, Inc. (a)............... 1,061 36,573
Vignette Corp. (a)..................... 2,444 39,862
WebEx Communications, Inc. (a)......... 2,656 57,449
Wind River Systems, Inc. (a)........... 6,584 97,246
Witness Systems, Inc. (a).............. 2,233 43,923
-----------
6,887,074
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMPUTERS (HARDWARE) -- 0.9%
Brocade Communications Systems, Inc.
(a).................................. 21,992 $ 89,507
Echelon Corp. (a)...................... 2,762 21,626
Intergraph Corp. (a)................... 2,407 119,893
Jack Henry & Associates, Inc. ......... 6,376 121,654
Kronos, Inc. (a)....................... 2,575 107,789
McDATA Corp. (Class A) (a)............. 13,065 49,647
Mercury Computer System, Inc. (a)...... 1,789 36,907
MTS Systems Corp. ..................... 1,698 58,819
Stratasys, Inc. (a).................... 851 21,284
-----------
627,126
-----------
COMPUTERS (NETWORKING) -- 0.2%
Foundry Networks, Inc. (a)............. 9,986 137,907
-----------
COMPUTERS (PERIPHERALS) -- 0.8%
MICROS Systems, Inc. (a)............... 3,137 151,580
Synaptics, Inc. (a).................... 1,930 47,710
Western Digital Corp. (a).............. 17,912 333,342
-----------
532,632
-----------
CONSUMER (JEWELRY/NOVELTIES) -- 0.1%
Fossil, Inc. (a)....................... 4,058 87,288
-----------
CONSUMER FINANCE -- 0.2%
CompuCredit Corp. (a).................. 2,671 102,780
WFS Financial, Inc. (a)................ 532 40,512
-----------
143,292
-----------
CONTAINERS (METALS & GLASS) -- 0.1%
Silgan Holdings, Inc. ................. 1,911 69,025
-----------
CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.0% (B)
Graphic Packaging Corp. (a)............ 8,394 19,138
-----------
DISTRIBUTION/WHOLESALE -- 0.7%
Aviall, Inc. (a)....................... 2,340 67,392
Beacon Roofing Supply, Inc. (a)........ 2,187 62,833
Brightpoint, Inc. (a).................. 2,125 58,926
Central European Distribution Corp.
(a).................................. 1,060 42,548
LKQ Corp. (a).......................... 1,895 65,605
Scansource, Inc. (a)................... 1,061 58,016
Wesco International, Inc. (a).......... 3,932 168,014
-----------
523,334
-----------
DISTRIBUTORS (FOOD & HEALTH) -- 0.2%
Performance Food Group Co. (a)......... 3,084 87,493
United Natural Foods, Inc. (a)......... 3,062 80,837
-----------
168,330
-----------
ELECTRICAL EQUIPMENT -- 0.7%
American Superconductor Corp. (a)...... 2,761 21,729
Avocent Corp. (a)...................... 4,120 112,023
Dolby Laboratories, Inc. (a)........... 2,759 47,041
Encore Wire Corp. (a).................. 1,382 31,454
Energy Conversion Devices, Inc. (a).... 2,361 96,211
Greatbatch, Inc. (a)................... 1,805 46,948
Intermagnetics General Corp. (a)....... 2,338 74,582
Medis Technologies, Ltd. (a)........... 1,169 17,196
Vicor Corp. ........................... 1,592 25,170
-----------
472,354
-----------
</Table>
See accompanying notes to financial statements.
112
STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.6%
Benchmark Electronics, Inc. (a)........ 3,227 $ 108,524
Daktronics, Inc. ...................... 1,380 40,807
Excel Technology, Inc. (a)............. 1,059 25,183
II-VI, Inc. (a)........................ 2,021 36,115
Rofin-Sinar Technologies, Inc. (a)..... 1,274 55,381
Rogers Corp. (a)....................... 1,383 54,186
Varian, Inc. (a)....................... 2,732 108,706
-----------
428,902
-----------
ELECTRONICS (DEFENSE) -- 0.4%
American Science & Engineering, Inc.
(a).................................. 640 39,917
EDO Corp. ............................. 1,277 34,556
Engineered Support Systems, Inc. ...... 3,483 145,032
Taser International, Inc. (a).......... 5,121 35,744
-----------
255,249
-----------
ELECTRONICS (INSTRUMENT) -- 1.4%
Analogic Corp. ........................ 954 45,649
Cogent, Inc. (a)....................... 3,292 74,662
FARO Technologies, Inc. (a)............ 958 19,160
FEI Co. (a)............................ 2,122 40,679
FLIR Systems, Inc. (a)................. 5,707 127,437
Identix, Inc. (a)...................... 7,436 37,254
Itron, Inc. (a)........................ 1,915 76,677
Measurement Specialties, Inc. (a)...... 1,062 25,860
Mentor Graphics Corp. (a).............. 6,373 65,897
Metrologic Instruments, Inc. (a)....... 852 16,409
Molecular Devices Corp. (a)............ 1,486 42,990
National Instruments Corp. ............ 4,381 140,411
Sonic Solutions, Inc. (a).............. 2,016 30,462
Tivo, Inc. (a)......................... 6,165 31,565
Trimble Navigation, Ltd. (a)........... 4,505 159,882
TTM Technologies, Inc. (a)............. 3,084 28,990
-----------
963,984
-----------
ELECTRONICS (SEMICONDUCTORS) -- 3.9%
Advanced Analogic Technologies, Inc.
(a).................................. 852 11,800
Agere Systems, Inc. (a)................ 15,191 195,964
Amkor Technology, Inc. (a)............. 7,651 42,846
Applied Micro Circuits Corp. (a)....... 26,133 67,162
Cree, Inc. (a)......................... 6,143 155,049
Diodes, Inc. (a)....................... 1,439 44,665
DSP Group, Inc. (a).................... 2,440 61,146
Fairchild Semiconductor International,
Inc. (a)............................. 9,989 168,914
Intersil Corp. (Class A)............... 12,642 314,533
Kopin Corp. (a)........................ 5,846 31,276
MEMC Electronic Materials, Inc. (a).... 12,539 277,990
Microsemi Corp. (a).................... 4,959 137,166
OmniVision Technologies, Inc. (a)...... 4,759 94,990
ON Semiconductor Corp. (a)............. 8,604 47,580
Pixelworks, Inc. (a)................... 3,928 19,954
PMC-Sierra, Inc. (a)................... 15,299 117,955
PortalPlayer, Inc. (a)................. 1,061 30,048
Power Integrations, Inc. (a)........... 2,510 59,763
Rambus, Inc. (a)....................... 8,074 130,718
Semtech Corp. (a)...................... 6,267 114,435
Silicon Image, Inc. (a)................ 6,361 57,567
Silicon Laboratories, Inc. (a)......... 3,430 125,744
Silicon Storage Technology, Inc. (a)... 7,439 37,567
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Sirf Technology Holdings, Inc. (a)..... 2,975 $ 88,655
Skyworks Solutions, Inc. (a)........... 13,067 66,511
Ultratech, Inc. (a).................... 1,809 29,704
Varian Semiconductor Equipment
Associates, Inc. (a)................. 3,019 132,625
Zoran Corp. (a)........................ 3,613 58,567
-----------
2,720,894
-----------
ENERGY-ALTERNATE SOURCES -- 0.2%
Evergreen Solar, Inc. (a).............. 4,247 45,231
FuelCell Energy, Inc. (a).............. 3,648 30,899
Plug Power, Inc. (a)................... 5,419 27,799
Syntroleum Corp. (a)................... 3,506 31,659
-----------
135,588
-----------
ENGINEERING & CONSTRUCTION -- 0.1%
Infrasource Services, Inc. (a)......... 1,167 15,264
Perini Corp. (a)....................... 1,567 37,843
-----------
53,107
-----------
ENTERTAINMENT -- 0.4%
DreamWorks Animation SKG, Inc. (Class
A) (a)............................... 3,757 92,272
Shuffle Master, Inc. (a)............... 2,973 74,741
Speedway Motorsports, Inc. ............ 1,167 40,460
Warner Music Group Corp. .............. 3,826 73,727
-----------
281,200
-----------
ENVIRONMENTAL CONTROL -- 1.1%
Allied Waste Industries, Inc. (a)...... 17,850 156,009
Metal Management, Inc. ................ 2,000 46,520
Mine Safety Appliances Co. ............ 2,337 84,623
Stericycle, Inc. (a)................... 3,761 221,448
Tetra Tech, Inc. (a)................... 4,677 73,288
Tetra Technologies, Inc. (a)........... 2,868 87,531
Waste Connections, Inc. (a)............ 3,845 132,499
-----------
801,918
-----------
EQUIPMENT (SEMICONDUCTORS) -- 0.9%
Atmel Corp. (a)........................ 37,078 114,571
ATMI, Inc. (a)......................... 3,127 87,462
Cabot Microelectronics Corp. (a)....... 2,118 62,121
Cirrus Logic, Inc. (a)................. 6,478 43,273
Cymer, Inc. (a)........................ 3,082 109,442
Formfactor, Inc. (a)................... 2,446 59,756
Genesis Microchip, Inc. (a)............ 2,763 49,983
Hittite Microwave Corp. (a)............ 426 9,857
Mattson Technology, Inc. (a)........... 3,399 34,194
Micrel, Inc. (a)....................... 5,028 58,325
Sigmatel, Inc. (a)..................... 2,231 29,226
-----------
658,210
-----------
FINANCIAL (DIVERSIFIED) -- 1.4%
Accredited Home Lenders Holding Co.
(a).................................. 1,577 78,188
Advanta Corp. (Class B)................ 1,800 58,392
Asset Acceptance Capital Corp. (a)..... 1,274 28,614
Collegiate Funding Services LLC (a).... 1,063 20,994
Commercial Capital Bancorp, Inc. ...... 4,158 71,185
Doral Financial Corp. ................. 7,859 83,305
Encore Capital Group, Inc. (a)......... 1,277 22,156
eSpeed, Inc. (a)....................... 2,445 18,851
</Table>
See accompanying notes to financial statements.
113
STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
First Marblehead Corp. ................ 2,760 $ 90,693
GFI Group, Inc. (a).................... 533 25,280
International Securities Exchange, Inc.
(a).................................. 2,884 79,368
Nasdaq Stock Market, Inc. (a).......... 4,976 175,056
Portfolio Recovery Associates, Inc.
(a).................................. 1,277 59,304
Walter Industries, Inc. ............... 3,233 160,745
-----------
972,131
-----------
FOOD PRODUCTS -- 0.4%
Flowers Foods, Inc. ................... 4,761 131,213
J&J Snack Foods Corp. ................. 533 31,665
Sanderson Farms, Inc. ................. 1,698 51,840
Seaboard Corp. ........................ 31 46,841
TreeHouse Foods, Inc. (a).............. 2,547 47,680
-----------
309,239
-----------
FOOTWEAR -- 0.7%
Deckers Outdoor Corp. (a).............. 851 23,505
K-Swiss, Inc. (Class A)................ 1,593 51,677
Kenneth Cole Productions, Inc. (Class
A)................................... 847 21,598
Reebok International, Ltd. ............ 4,133 240,665
The Timberland Co. (Class A) (a)....... 4,666 151,878
-----------
489,323
-----------
GAMING & LOTTERY -- 0.6%
Alliance Gaming Corp. (a).............. 3,931 51,182
Kerzner International, Ltd. (a)........ 2,445 168,094
Multimedia Games, Inc. (a)............. 2,338 21,626
Scientific Games Corp. (ClassA) (a).... 5,449 148,649
-----------
389,551
-----------
GOLD/PRECIOUS METALS MINING -- 0.5%
Glamis Gold, Ltd. (a).................. 11,046 303,544
Royal Gold, Inc. ...................... 1,804 62,653
-----------
366,197
-----------
HAND/MACHINE TOOLS -- 0.2%
CLARCOR, Inc. ......................... 4,338 128,882
-----------
HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 2.1%
Adams Respiratory Therapeutics, Inc.
(a).................................. 745 30,292
Adolor Corp. (a)....................... 3,082 44,997
American Pharmaceutical Partners, Inc.
(a).................................. 1,899 73,662
Cubist Pharmaceuticals, Inc. (a)....... 4,463 94,839
First Horizon Pharmaceutical Corp.
(a).................................. 2,232 38,502
Herbalife, Ltd. (a).................... 2,336 75,967
Idenix Pharmaceuticals, Inc. (a)....... 1,699 29,070
Kos Pharmaceuticals, Inc. (a).......... 1,771 91,614
Mannatech, Inc. ....................... 1,274 17,594
Medarex, Inc. (a)...................... 9,246 128,057
Medicis Pharmaceutical Corp. (Class
A)................................... 4,493 144,001
New River Pharmaceuticals, Inc. (a).... 531 27,548
OSI Pharmaceuticals, Inc. (a).......... 4,668 130,891
Par Pharmaceutical Cos., Inc. (a)...... 2,822 88,441
Pharmion Corp. (a)..................... 1,596 28,361
Rigel Pharmaceuticals, Inc. (a)........ 2,016 16,854
Salix Pharmaceuticals, Ltd. (a)........ 3,719 65,380
United Therapeutics Corp. (a).......... 1,842 127,319
USANA Health Sciences, Inc. (a)........ 953 36,557
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Valeant Pharmaceuticals
International........................ 7,651 $ 138,330
Zymogenetics, Inc. (a)................. 2,657 45,195
-----------
1,473,471
-----------
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 6.8%
Align Technology, Inc. (a)............. 2,658 17,197
Alkermes, Inc. (a)..................... 7,542 144,203
American Medical Systems Holdings, Inc.
(a).................................. 5,373 95,801
Amylin Pharmaceuticals, Inc. (a)....... 8,394 335,088
Animas Corp. (a)....................... 1,169 28,231
Arrow International, Inc. ............. 1,809 52,443
Arthrocare Corp. (a)................... 2,062 86,893
Aspect Medical Systems, Inc. (a)....... 1,275 43,796
Bio-Rad Laboratories, Inc. (Class A)
(a).................................. 1,522 99,600
Cepheid, Inc. (a)...................... 3,509 30,809
Cyberonics, Inc. (a)................... 1,781 57,526
Diagnostic Products Corp. ............. 1,901 92,294
Edwards Lifesciences Corp. (a)......... 4,983 207,343
ev3, Inc. (a).......................... 958 14,121
Foxhollow Technologies, Inc. (a)....... 1,063 31,667
Gen-Probe, Inc. (a).................... 4,146 202,283
HealthTronics, Inc. (a)................ 2,763 21,137
Hologic, Inc. (a)...................... 3,614 137,043
ICU Medical, Inc. (a).................. 1,062 41,641
IDEXX Laboratories, Inc. (a)........... 2,772 199,529
Immucor, Inc. (a)...................... 3,765 87,950
INAMED Corp. (a)....................... 3,004 263,391
Intuitive Surgical, Inc. (a)........... 2,924 342,897
Inverness Medical Innovations, Inc.
(a).................................. 1,702 40,354
Kensey Nash Corp. (a).................. 957 21,083
Kyphon, Inc. (a)....................... 3,079 125,716
Laserscope (a)......................... 1,592 35,756
LCA-Vision, Inc. ...................... 1,382 65,659
Lifeline Systems, Inc. (a)............. 1,061 38,790
Mentor Corp. .......................... 3,099 142,802
Merit Medical Systems, Inc. (a)........ 2,230 27,072
MGI Pharma, Inc. (a)................... 5,935 101,845
Noven Pharmaceuticals, Inc. (a)........ 1,915 28,974
OraSure Technologies, Inc. (a)......... 3,504 30,905
Palomar Medical Technologies, Inc.
(a).................................. 1,276 44,711
ResMed, Inc. (a)....................... 5,736 219,746
Respironics, Inc. (a).................. 5,966 221,160
Rotech Healthcare, Inc. (a)............ 1,381 23,146
Sierra Health Services, Inc. (a)....... 2,158 172,554
SonoSite, Inc. (a)..................... 1,061 37,146
SurModics, Inc. (a).................... 1,275 47,162
Sybron Dental Specialties, Inc. (a).... 3,242 129,064
Symmetry Medical, Inc. (a)............. 1,914 37,112
The Medicines Co. (a).................. 3,800 66,310
Thoratec Corp. (a)..................... 3,507 72,560
TriPath Imaging, Inc. (a).............. 2,335 14,103
Ventana Medical Systems, Inc. (a)...... 2,690 113,921
Viasys Healthcare, Inc. (a)............ 2,232 57,362
Vital Signs, Inc. ..................... 530 22,695
WellCare Health Plans, Inc. (a)........ 2,445 99,878
Wright Medical Group, Inc. (a)......... 2,229 45,472
-----------
4,715,941
-----------
</Table>
See accompanying notes to financial statements.
114
STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
HEALTH CARE (SPECIAL SERVICES) -- 4.1%
Alliance Imaging, Inc. (a)............. 1,063 $ 6,325
Allscripts Healthcare Solutions, Inc.
(a).................................. 2,441 32,709
Amedisys, Inc. (a)..................... 1,168 49,336
American Healthways, Inc. (a).......... 2,706 122,446
American Retirement Corp. (a).......... 2,549 64,056
AMERIGROUP Corp. (a)................... 4,184 81,421
Amsurg Corp. (a)....................... 2,445 55,893
Andrx Corp. (a)........................ 6,159 101,439
Apria Healthcare Group, Inc. (a)....... 4,146 99,960
Atherogenics, Inc. (a)................. 2,973 59,490
Beverly Enterprises, Inc. (a).......... 8,393 97,946
BioMarin Pharmaceuticals, Inc. (a)..... 6,161 66,416
Brookdale Senior Living, Inc. ......... 900 26,829
Centene Corp. (a)...................... 3,500 92,015
Cerner Corp. (a)....................... 2,414 219,457
Connetics Corp. (a).................... 2,975 42,989
Conor Medsystems, Inc. (a)............. 2,229 43,131
Cypress Bioscience, Inc. (a)........... 2,338 13,514
Dendreon Corp. (a)..................... 4,566 24,748
Dendrite International, Inc. (a)....... 3,188 45,939
Discovery Laboratories, Inc. (a)....... 4,464 29,819
Gentiva Health Services, Inc. (a)...... 2,021 29,790
HealthExtras, Inc. (a)................. 1,911 47,966
I-Flow Corp. (a)....................... 1,806 26,404
Inspire Pharmaceuticals, Inc. (a)...... 3,190 16,205
InterMune, Inc. (a).................... 2,138 35,918
Isis Pharmaceuticals, Inc. (a)......... 4,355 22,820
LifePoint Hospitals, Inc. (a).......... 4,250 159,375
MannKind Corp. (a)..................... 2,607 29,355
Matria Healthcare, Inc. (a)............ 1,701 65,931
Molina Healthcare, Inc. (a)............ 956 25,468
National Healthcare Corp. ............. 543 20,297
NitroMed, Inc. (a)..................... 1,488 20,758
Odyssey Healthcare, Inc. (a)........... 2,870 53,497
Option Care, Inc. ..................... 1,703 22,752
Pediatrix Medical Group, Inc. (a)...... 1,906 168,814
Psychiatric Solutions, Inc. (a)........ 2,018 118,537
Renal Care Group, Inc. (a)............. 5,631 266,403
Sunrise Assisted Living, Inc. (a)...... 2,973 100,220
Symbion, Inc. (a)...................... 1,381 31,763
Tanox, Inc. (a)........................ 2,019 33,051
Theravance, Inc. (a)................... 3,401 76,590
United Surgical Partners (a)........... 3,631 116,737
-----------
2,864,529
-----------
HOMEBUILDING -- 0.7%
Brookfield Homes Corp. ................ 1,062 52,813
Levitt Corp. (Class A)................. 1,382 31,427
Meritage Homes Corp. (a)............... 1,882 118,415
Technical Olympic USA, Inc. ........... 1,272 26,827
Thor Industries, Inc. ................. 3,292 131,910
William Lyon Homes, Inc. (a)........... 212 21,391
Winnebago Industries, Inc. ............ 2,782 92,585
-----------
475,368
-----------
HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.1%
Tempur-Pedic International, Inc. (a)... 3,823 43,964
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.5%
Church & Dwight Co., Inc. ............. 5,321 $ 175,753
Helen of Troy, Ltd. (a)................ 1,804 29,062
Jarden Corp. (a)....................... 2,609 78,661
Prestige Brands Holdings, Inc. (a)..... 2,973 37,163
-----------
320,639
-----------
INDUSTRIAL GOODS & SERVICES -- 0.2%
MSC Industrial Direct Co., Inc. (Class
A)................................... 3,832 154,123
-----------
INSURANCE BROKERS -- 0.2%
Hilb Rogal and Hobbs Co. .............. 2,693 103,708
USI Holdings Corp. (a)................. 3,186 43,871
-----------
147,579
-----------
INSURANCE (LIFE/HEALTH) -- 0.3%
American Equity Investment Life Holding
Co................................... 3,760 49,068
Scottish Re Group, Ltd. ............... 3,690 90,589
Universal American Financial Corp.
(a).................................. 3,185 48,030
-----------
187,687
-----------
INSURANCE (MULTI-LINE) -- 0.4%
HCC Insurance Holdings, Inc. .......... 9,104 270,207
-----------
INSURANCE (PROPERTY/CASUALTY) -- 0.5%
Arch Capital Group, Ltd. (a)........... 2,555 139,886
First Acceptance Corp. (a)............. 2,125 21,866
Navigators Group, Inc. (a)............. 957 41,735
Philadelphia Consolidated Holding Corp.
(a).................................. 1,564 151,223
-----------
354,710
-----------
INVESTMENT BANKING/BROKERAGE -- 0.3%
Greenhill & Co., Inc. ................. 745 41,839
GSI Commerce, Inc. (a)................. 1,485 22,409
j2 Global Communications, Inc. (a)..... 1,915 81,847
optionsXpress Holdings, Inc. .......... 2,233 54,820
-----------
200,915
-----------
INVESTMENT MANAGEMENT -- 0.6%
Affiliated Managers Group, Inc. (a).... 2,778 222,934
Calamos Asset Management, Inc. (Class
B)................................... 1,913 60,164
National Financial Partners Corp. ..... 2,761 145,091
-----------
428,189
-----------
LEISURE TIME (PRODUCTS) -- 0.9%
Life Time Fitness, Inc. (a)............ 1,489 56,716
Leapfrog Enterprises, Inc. (a)......... 2,232 26,003
MarineMax, Inc. (a).................... 1,277 40,315
Marine Products Corp. ................. 1,275 13,375
Marvel Entertainment, Inc. (a)......... 6,162 100,933
RC2 Corp. (a).......................... 1,700 60,384
SCP Pool Corp. ........................ 4,411 164,177
West Marine, Inc. (a).................. 1,168 16,329
WMS Industries, Inc. (a)............... 2,300 57,707
-----------
660,342
-----------
LODGING (HOTELS) -- 0.2%
Ameristar Casinos, Inc. ............... 1,914 43,448
Choice Hotels International, Inc. ..... 2,979 124,403
-----------
167,851
-----------
MACHINERY (DIVERSIFIED) -- 0.8%
Bucyrus International, Inc. (Class
A)................................... 1,699 89,537
Cognex Corp. .......................... 3,313 99,688
</Table>
See accompanying notes to financial statements.
115
STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Flowserve Corp. (a).................... 4,673 $ 184,864
Franklin Electric Co., Inc. ........... 1,278 50,532
Input/Output, Inc. (a)................. 5,632 39,593
Middleby Corp. (a)..................... 530 45,845
PAREXEL International Corp. (a)........ 2,229 45,160
Presstek, Inc. (a)..................... 2,336 21,117
-----------
576,336
-----------
MANUFACTURING (DIVERSIFIED) -- 1.1%
Acuity Brands, Inc. ................... 3,610 114,798
Ceradyne, Inc. (a)..................... 1,912 83,746
ESCO Technologies, Inc. (a)............ 2,147 95,520
Griffon Corp. (a)...................... 2,231 53,120
Hexcel Corp. (a)....................... 5,524 99,708
Matthews International Corp. (Class
A)................................... 2,651 96,523
Photon Dynamics, Inc. (a).............. 1,448 26,470
Raven Industries, Inc. ................ 1,384 39,928
The Toro Co. .......................... 3,655 159,979
-----------
769,792
-----------
MANUFACTURING (SPECIALIZED) -- 0.2%
Dionex Corp. (a)....................... 1,644 80,688
Oakley, Inc. .......................... 2,229 32,744
-----------
113,432
-----------
METAL FABRICATORS -- 0.0% (B)
Earle M. Jorgensen Co. (a)............. 2,124 19,605
-----------
METALS MINING -- 0.3%
Actuant Corp. (Class A)................ 2,177 121,477
Coeur d' Alene Mines Corp. (a)......... 19,975 79,900
Hecla Mining Co. (a)................... 9,883 40,125
-----------
241,502
-----------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 1.0%
Crosstex Energy LP..................... 1,057 36,023
Enbridge Energy Management LLC (a)..... 760 34,449
Energen Corp. ......................... 5,522 200,559
Kinder Morgan Management LLC (a)....... 3,614 164,292
Western Gas Resources, Inc. ........... 5,354 252,120
-----------
687,443
-----------
OFFICE EQUIPMENT & SUPPLIES -- 0.2%
ACCO Brands Corp. (a).................. 3,610 88,445
John H. Harland Co. ................... 2,337 87,871
-----------
176,316
-----------
OFFICE FURNISHINGS -- 0.4%
HNI Corp. ............................. 3,667 201,429
Knoll, Inc. ........................... 1,702 29,121
Steelcase, Inc. (Class A).............. 4,570 72,343
-----------
302,893
-----------
OIL & GAS (DRILLING & EQUIPMENT) -- 3.2%
Atlas America, Inc. (a)................ 1,062 63,954
Atwood Oceanics, Inc. (a).............. 1,077 84,038
Basic Energy Services, Inc. (a)........ 1,000 19,950
CARBO Ceramics, Inc. .................. 1,595 90,149
Dresser-Rand Group, Inc. (a)........... 2,233 53,994
Dril-Quip, Inc. (a).................... 837 39,506
FMC Technologies, Inc. (a)............. 5,719 245,460
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Global Industries, Inc. (a)............ 6,479 $ 73,537
Grey Wolf, Inc. (a).................... 16,041 123,997
Helmerich & Payne, Inc. ............... 3,818 236,372
Hercules Offshore, Inc. (a)............ 852 24,205
Hornbeck Offshore Services, Inc. (a)... 1,699 55,557
Hydril (a)............................. 1,596 99,910
Lufkin Industries, Inc. ............... 1,169 58,298
Maverick Tube Corp. (a)................ 3,616 144,134
Oceaneering International, Inc. (a).... 2,122 105,633
Offshore Logistics, Inc. (a)........... 1,807 52,764
Oil States International, Inc. (a)..... 2,548 80,721
Parker Drilling Co. (a)................ 7,966 86,272
Pioneer Drilling Co. (a)............... 3,188 57,161
Superior Energy Services, Inc. (a)..... 6,270 131,984
Superior Well Services, Inc. (a)....... 532 12,640
Todco (Class A) (a).................... 5,108 194,410
W-H Energy Services, Inc. (a).......... 2,338 77,341
-----------
2,211,987
-----------
OIL & GAS (EXPLORATION/PRODUCTS) -- 4.5%
ATP Oil & Gas Corp. (a)................ 1,592 58,920
Berry Petroleum Co. (Class A).......... 1,591 91,005
Bill Barrett Corp. (a)................. 2,337 90,232
Bois d'Arc Energy, Inc. (a)............ 1,691 26,819
Brigham Exploration Co. (a)............ 2,591 30,729
Cabot Oil & Gas Corp. ................. 4,096 184,730
Cal Dive International, Inc. (a)....... 5,836 209,454
Cheniere Energy, Inc. (a).............. 4,295 159,860
Cimarex Energy Co. (a)................. 6,801 292,511
Comstock Resources, Inc. (a)........... 3,401 103,764
Delta Petroleum Corp. (a).............. 3,251 70,774
Denbury Resources, Inc. (a)............ 9,145 208,323
Encore Aquisition Co. (a).............. 3,902 125,020
Energy Partners, Ltd. (a).............. 2,871 62,559
Enterprise GP Holdings LP.............. 851 32,100
FX Energy, Inc. (a).................... 2,868 22,887
Gasco Energy, Inc. (a)................. 6,800 44,404
KCS Energy, Inc. (a)................... 4,141 100,295
Newpark Resources, Inc. (a)............ 7,014 53,517
Penn Virginia Corp. ................... 1,381 79,269
Petroleum Development Corp. (a)........ 1,380 46,009
Quicksilver Resources, Inc. (a)........ 4,464 187,533
Range Resources Corp. ................. 10,566 278,308
Remington Oil & Gas Corp. (a).......... 1,808 65,992
St. Mary Land & Exploration Co. ....... 4,840 178,160
Swift Energy Co. (a)................... 2,338 105,374
Unit Corp. (a)......................... 3,236 178,077
W&T Offshore, Inc. .................... 1,489 43,777
-----------
3,130,402
-----------
OIL & GAS (REFINING & MARKETING) -- 0.6%
Alon USA Energy, Inc. (a).............. 850 16,703
Crosstex Energy, Inc. ................. 639 40,295
Frontier Oil Corp. .................... 4,570 171,512
Giant Industries, Inc. (a)............. 1,061 55,130
Holly Corp. ........................... 2,021 118,976
-----------
402,616
-----------
</Table>
See accompanying notes to financial statements.
116
STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
OIL (INTEGRATED) -- 0.3%
BP Prudhoe Bay Royalty Trust........... 1,806 $ 120,280
World Fuel Services Corp. ............. 2,232 75,263
-----------
195,543
-----------
PERSONAL CARE -- 0.3%
Chattem, Inc. (a)...................... 1,277 46,470
Elizabeth Arden, Inc. (a).............. 2,019 40,501
NBTY, Inc. (a)......................... 5,057 82,177
Revlon, Inc. (Class A) (a)............. 12,432 38,539
-----------
207,687
-----------
POWER PRODUCERS (INDEPENDENT) -- 0.2%
Headwaters, Inc. (a)................... 3,490 123,686
Ormat Technologies, Inc. .............. 532 13,906
-----------
137,592
-----------
PUBLISHING -- 0.4%
Courier Corp. ......................... 954 32,760
John Wiley & Sons, Inc. (Class A)...... 3,727 145,502
Reader's Digest Association, Inc. ..... 8,126 123,678
-----------
301,940
-----------
PUBLISHING (NEWSPAPERS) -- 0.2%
Dow Jones & Co., Inc. ................. 3,823 135,678
-----------
REAL ESTATE INVESTMENT TRUST -- 1.1%
Alexander's, Inc. (a).................. 210 51,555
American Real Estate Partners LP....... 1,064 41,017
CapitalSource, Inc. (a)................ 8,636 193,446
CB Richard Ellis Group, Inc. (Class A)
(a).................................. 5,057 297,604
Global Signal, Inc. ................... 1,703 73,502
Jones Lang LaSalle, Inc. .............. 2,425 122,099
-----------
779,223
-----------
REINSURANCE -- 0.7%
Axis Capital Holdings, Ltd. ........... 10,200 319,056
Odyssey Re Holdings Corp. ............. 1,463 36,692
Platinum Underwriters Holdings,
Ltd. ................................ 4,124 128,133
-----------
483,881
-----------
RESTAURANTS -- 2.5%
Applebees International, Inc. ......... 6,798 153,567
BJ's Restaurants, Inc. (a)............. 1,169 26,723
California Pizza Kitchen, Inc. (a)..... 1,595 50,992
CBRL Group, Inc. ...................... 3,871 136,066
CEC Entertainment, Inc. (a)............ 3,029 103,107
Krispy Kreme Doughnuts, Inc. (a)....... 4,884 28,034
Jack in the Box, Inc. (a).............. 3,086 107,794
O'Charleys, Inc. (a)................... 1,805 27,996
P F Chang's China Bistro, Inc. (a)..... 2,030 100,749
Panera Bread Co. (Class A) (a)......... 2,434 159,865
Papa John's International, Inc. (a).... 971 57,590
Rare Hospitality International, Inc.
(a).................................. 2,867 87,128
Red Robin Gourmet Burgers, Inc. (a).... 1,062 54,120
Ruby Tuesday, Inc. .................... 5,302 137,269
Ruth's Chris Steak House, Inc. (a)..... 1,064 19,258
Sonic Corp. (a)........................ 4,963 146,408
Texas Roadhouse, Inc. (Class A) (a).... 3,934 61,174
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
The Cheesecake Factory, Inc. (a)....... 6,521 $ 243,820
The Steak n Shake Co. (a).............. 2,336 39,595
-----------
1,741,255
-----------
RETAIL (DEPARTMENT STORES) -- 0.5%
Aeropostale, Inc. (a).................. 4,721 124,162
Cost Plus, Inc. (a).................... 1,785 30,613
Stein Mart, Inc. ...................... 2,273 41,255
Tractor Supply Co. (a)................. 2,947 156,014
-----------
352,044
-----------
RETAIL (DISCOUNTERS) -- 0.5%
99 Cents Only Stores (a)............... 4,141 43,315
BJ'S Wholesale Club, Inc. (a).......... 5,844 172,748
Fred's, Inc. (Class A)................. 3,081 50,128
Tuesday Morning Corp. ................. 2,504 52,384
-----------
318,575
-----------
RETAIL (SPECIALTY APPAREL) -- 1.8%
AnnTaylor Stores Corp. (a)............. 6,108 210,848
Bebe Stores, Inc. ..................... 1,912 26,825
Christopher & Banks Corp. ............. 3,080 57,843
Claire's Stores, Inc. ................. 7,304 213,423
DSW, Inc. (Class A) (a)................ 1,273 33,378
Genesco, Inc. (a)...................... 1,809 70,171
Hot Topic, Inc. (a).................... 3,824 54,492
Jos. A. Bank Clothiers, Inc. (a)....... 1,166 50,616
Mens Wearhouse, Inc. (a)............... 4,153 122,264
New York & Co., Inc. (a)............... 1,170 24,804
Pacific Sunwear of California, Inc.
(a).................................. 6,399 159,463
Talbots, Inc. ......................... 1,816 50,521
The Children's Place Retail Stores,
Inc. (a)............................. 1,449 71,610
Too, Inc. (a).......................... 2,871 80,991
Under Armour, Inc. (Class A) (a)....... 900 34,479
-----------
1,261,728
-----------
RETAIL (SPECIALTY) -- 2.5%
AC Moore Arts & Crafts, Inc. (a)....... 1,166 16,965
Big 5 Sporting Goods Corp. ............ 1,912 41,854
Build-A-Bear Workshop, Inc. (a)........ 852 25,253
Cabela's Inc. (a)...................... 3,615 60,009
Coldwater Creek, Inc. (a).............. 3,079 94,002
Conn's, Inc. (a)....................... 741 27,321
Copart, Inc. (a)....................... 5,608 129,321
Dicks Sporting Goods, Inc. (a)......... 2,701 89,781
First Cash Financial Services, Inc.
(a).................................. 1,166 34,001
GameStop Corp. (Class A) (a)........... 4,699 149,522
Guitar Center, Inc. (a)................ 2,101 105,071
Hibbett Sporting Goods, Inc. (a)....... 2,851 81,196
Insight Enterprises, Inc. (a).......... 4,039 79,205
J Jill Group, Inc. (a)................. 1,597 30,391
Linen 'n Things, Inc. (a).............. 3,823 101,692
Movie Gallery, Inc. ................... 2,231 12,516
Nautilus Group, Inc. .................. 2,552 47,620
Pantry, Inc. (a)....................... 1,807 84,911
PETCO Animal Supplies, Inc. (a)........ 3,504 76,913
Select Comfort Corp. (a)............... 2,881 78,795
Sotheby's Holding, Inc. (a)............ 3,827 70,264
The Finish Line, Inc. (Class A)........ 3,397 59,176
The Sports Authority, Inc. (a)......... 1,910 59,458
The Yankee Candle, Inc. ............... 3,779 96,742
</Table>
See accompanying notes to financial statements.
117
STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
United Auto Group, Inc. ............... 1,699 $ 64,902
Zumiez, Inc. (a)....................... 428 18,498
-----------
1,735,379
-----------
SAVINGS & LOAN COMPANIES -- 0.2%
Franklin Bank Corp. (a)................ 1,915 34,451
KNBT Bancorp, Inc. .................... 2,468 40,204
NetBank, Inc. ......................... 3,931 28,225
Sterling Financial Corp. .............. 2,871 71,717
-----------
174,597
-----------
SEMICONDUCTORS -- 0.2%
AMIS Holdings, Inc. (a)................ 2,764 29,437
Tessera Technologies, Inc. (a)......... 3,717 96,084
-----------
125,521
-----------
SERVICES (ADVERTISING/MARKETING) -- 0.8%
ADVO, Inc. ............................ 2,582 72,761
aQuantive, Inc. (a).................... 4,571 115,372
Harte-Hanks, Inc. ..................... 4,251 112,184
Marchex, Inc. (Class B) (a)............ 1,701 38,255
R.H. Donnelley Corp. (a)............... 2,600 160,212
ValueVision Media, Inc. (Class A)
(a).................................. 2,127 26,800
Ventiv Health, Inc. (a)................ 2,232 52,720
-----------
578,304
-----------
SERVICES (COMMERCIAL & CONSUMER) -- 6.9%
Aaron Rents, Inc. (Class B)............ 3,504 73,864
ACE Cash Express, Inc. (a)............. 851 19,871
Administaff, Inc. ..................... 1,808 76,026
Advance America Cash Advance Centers,
Inc. ................................ 5,312 65,869
Advisory Board Co. (a)................. 1,487 70,885
Alderwoods Group, Inc. (a)............. 3,397 53,910
Alliance Data Systems Corp. (a)........ 5,723 203,739
AMN Healthcare Services, Inc. (a)...... 2,442 48,303
Arbitron, Inc. ........................ 2,562 97,305
Bright Horizons Family Solutions, Inc.
(a).................................. 2,232 82,696
Coinstar, Inc. (a)..................... 1,915 43,719
Convergys Corp. (a).................... 11,898 188,583
Corinthian Colleges, Inc. (a).......... 7,546 88,892
Corrections Corp. of America (a)....... 3,243 145,838
CoStar Group, Inc. (a)................. 1,382 59,661
CRA International, Inc. (a)............ 955 45,544
Cross Country Healthcare, Inc. (a)..... 2,124 37,765
DeVry, Inc. (a)........................ 5,102 102,040
DiamondCluster International Inc.
(a).................................. 2,441 19,382
Educate, Inc. (a)...................... 1,699 20,048
Education Management Corp. (a)......... 5,724 191,811
Euronet Worldwide, Inc. (a)............ 2,549 70,862
FTI Consulting, Inc. (a)............... 3,603 98,866
G & K Services, Inc. (Class A)......... 1,564 61,387
Global Cash Access, Inc. (a)........... 1,379 20,120
Healthcare Services Group, Inc. ....... 2,018 41,793
Heartland Payment Systems, Inc. (a).... 533 11,545
Interactive Data Corp. (a)............. 2,975 67,562
iPayment, Inc. (a)..................... 1,065 44,219
ITT Educational Services, Inc. (a)..... 3,845 227,278
Laureate Education, Inc. (a)........... 3,746 196,702
LECG Corp. (a)......................... 1,593 27,686
MAXIMUS, Inc. ......................... 1,593 58,447
Morningstar, Inc. (a).................. 849 29,409
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Navigant Consulting, Inc. (a).......... 4,046 $ 88,931
Netflix, Inc. (a)...................... 2,247 60,804
Pharmaceutical Product Development,
Inc. ................................ 4,147 256,907
PHH Corp. (a).......................... 4,434 124,241
PRA International (a).................. 1,595 44,899
Pre-Paid Legal Services, Inc. ......... 1,171 44,744
Regis Corp. ........................... 3,741 144,290
Rent-A-Center, Inc. (a)................ 6,269 118,233
Rollins, Inc. ......................... 2,972 58,578
SFBC International, Inc. (a)........... 1,490 23,855
Spectrum Brands, Inc. (a).............. 2,958 60,077
Steiner Leisure, Ltd. (a).............. 1,594 56,683
Strayer Education, Inc. ............... 1,179 110,472
TeleTech Holdings, Inc. (a)............ 3,190 38,439
The Corporate Executive Board Co. ..... 3,404 305,339
TNS, Inc. (a).......................... 1,914 36,711
Universal Technical Institute, Inc.
(a).................................. 1,701 52,629
Valassis Communications, Inc. (a)...... 4,355 126,600
VCA Antech, Inc. (a)................... 6,864 193,565
Websense, Inc. (a)..................... 1,901 124,782
Wright Express Corp. (a)............... 3,398 74,756
-----------
4,837,162
-----------
SERVICES (COMPUTER SYSTEMS) -- 0.5%
CACI International, Inc. (Class A)
(a).................................. 2,429 139,376
CIBER, Inc. (a)........................ 4,674 30,848
Digital River, Inc. (a)................ 2,910 86,544
eFunds Corp. (a)....................... 3,823 89,611
-----------
346,379
-----------
SERVICES (DATA PROCESSING) -- 1.9%
Acxiom Corp. .......................... 6,124 140,852
CCC Information Services Group, Inc.
(a).................................. 954 25,014
Certegy, Inc. ......................... 5,208 211,236
Fair Isaac Corp. ...................... 5,632 248,765
FalconStor Software, Inc. (a).......... 2,126 15,711
FileNET Corp. (a)...................... 3,294 85,150
Global Payments, Inc. ................. 6,375 297,139
MoneyGram International, Inc. ......... 7,037 183,525
The BISYS Group, Inc. (a).............. 10,092 141,389
-----------
1,348,781
-----------
SERVICES (EMPLOYMENT) -- 0.7%
First Advantage Corp. (Class A) (a).... 500 13,355
Hewitt Associates, Inc. (Class A)
(a).................................. 4,305 120,583
Hudson Highland Group, Inc. (a)........ 2,012 34,928
Kforce, Inc. (a)....................... 2,976 33,212
Korn/Ferry International (a)........... 3,292 61,528
Labor Ready, Inc. (a).................. 4,307 89,672
Resources Connection, Inc. (a)......... 4,019 104,735
Spherion Corp. (a)..................... 5,100 51,051
-----------
509,064
-----------
SHIPPING -- 0.8%
Eagle Bulk Shipping, Inc. ............. 1,798 28,624
Genco Shipping & Trading, Ltd. ........ 958 16,708
Genesee & Wyoming, Inc. (Class A)
(a).................................. 2,126 79,831
Gulfmark Offshore, Inc. (a)............ 1,699 50,324
HUB Group, Inc. (Class A) (a).......... 1,699 60,060
Kirby Corp. (a)........................ 1,699 88,637
OMI Corp. ............................. 6,115 110,987
</Table>
See accompanying notes to financial statements.
118
STREETTRACKS DJ WILSHIRE SMALL CAP GROWTH ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Pacer International, Inc. ............. 3,084 $ 80,369
TAL International Group, Inc. (a)...... 957 19,762
-----------
535,302
-----------
SPECIALTY PRINTING -- 0.0% (B)
VistaPrint, Ltd. (a)................... 849 19,318
-----------
STEEL -- 0.3%
The Shaw Group, Inc. (a)............... 6,483 188,590
-----------
STORAGE/WAREHOUSING -- 0.1%
Mobile Mini, Inc. (a).................. 1,272 60,293
-----------
TELECOMMUNICATIONS -- 0.2%
Global Crossing, Ltd. (a).............. 1,276 20,454
Ixia (a)............................... 2,972 43,926
Symmetricom, Inc. (a).................. 3,718 31,492
Wireless Facilities, Inc. (a).......... 3,933 20,058
-----------
115,930
-----------
TELEPHONE -- 0.7%
Broadwing Corp. (a).................... 5,314 32,150
Cincinnati Bell, Inc. (a).............. 20,610 72,341
Consolidated Communications Holdings,
Inc.................................. 1,489 19,342
General Communication, Inc. (Class A)
(a).................................. 3,717 38,396
Level 3 Communications, Inc. (a)....... 52,059 149,409
NeuStar, Inc. (Class A) (a)............ 2,136 65,127
Premiere Global Services, Inc. (a)..... 5,421 44,073
Time Warner Telecom, Inc. (Class A)
(a).................................. 4,145 40,828
-----------
461,666
-----------
TEXTILES (APPAREL) -- 0.7%
Carter's, Inc. (a)..................... 1,489 87,628
Columbia Sportswear Co. (a)............ 1,174 56,035
Guess ?, Inc. (a)...................... 1,276 45,426
Gymboree Corp. (a)..................... 2,552 59,717
Maidenform Brands, Inc. (a)............ 1,063 13,457
Quiksilver, Inc. (a)................... 9,940 137,569
Volcom, Inc. (a)....................... 427 14,522
Warnaco Group, Inc. (a)................ 3,615 96,593
-----------
510,947
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
TRANSPORTATION -- 0.3%
Florida East Coast Industries, Inc. ... 1,489 $ 63,089
RailAmerica, Inc. (a).................. 3,081 33,860
UTI Worldwide, Inc. ................... 1,592 147,801
-----------
244,750
-----------
TRUCKING -- 0.9%
Forward Air Corp. ..................... 2,659 97,452
Heartland Express, Inc. ............... 3,826 77,629
Knight Transportation, Inc. ........... 4,623 95,835
Landstar Systems, Inc. ................ 4,803 200,477
Old Dominion Freight Line, Inc. (a).... 2,393 64,550
Swift Transportation Co., Inc. (a)..... 4,039 81,992
-----------
617,935
-----------
TRUCKS & PARTS -- 0.5%
ASV, Inc. (a).......................... 1,700 42,466
Interpool, Inc. ....................... 1,060 20,013
Oshkosh Truck Corp. ................... 6,008 267,897
-----------
330,376
-----------
TOTAL COMMON STOCKS --
(Cost $61,836,923)................... 69,499,933
-----------
SHORT TERM INVESTMENTS -- 0.0% (B)
MONEY MARKET FUND -- 0.0% (B)
AIM Short Term Investment Class Prime
Fund (Cost $12,716).................. 12,716 12,716
-----------
TOTAL INVESTMENTS -- 99.7% (Cost
$61,849,639)......................... 69,512,649
OTHER ASSETS AND LIABILITIES -- 0.3% 202,497
-----------
NET ASSETS -- 100.0%................... $69,715,146
===========
(a) Non-income producing security
(b) Amount shown represents less than 0.005% of
net assets.
</Table>
See accompanying notes to financial statements.
119
STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.5%
AEROSPACE/DEFENSE -- 0.7%
DRS Technologies, Inc. ................ 3,100 $ 159,402
Esterline Technologies Corp. (a)....... 2,900 107,851
GenCorp, Inc. (a)...................... 5,000 88,750
Heico Corp. ........................... 2,300 47,196
Kaman Corp. (Class A).................. 2,252 44,342
Sequa Corp. (a)........................ 700 48,335
Teledyne Technologies, Inc. (a)........ 3,500 101,850
Triumph Group, Inc. (a)................ 1,800 65,898
-----------
663,624
-----------
AGRICULTURE -- 0.1%
Alico, Inc. ........................... 400 18,076
Tejon Ranch Co. (a).................... 1,000 39,920
-----------
57,996
-----------
AIRLINES -- 0.6%
Alaska Air Group, Inc. (a)............. 3,459 123,555
AMR Corp. (a).......................... 18,300 406,809
Frontier Airlines, Inc. (a)............ 4,100 37,884
-----------
568,248
-----------
AUTO PARTS & EQUIPMENT -- 1.5%
American Axle &
Manufacturing Holdings, Inc. ........ 5,162 94,619
ArvinMeritor, Inc. .................... 8,019 115,393
Bandag, Inc. .......................... 1,400 59,738
Cooper Tire & Rubber Co. .............. 7,406 113,460
Dana Corp. ............................ 17,400 124,932
Modine Manufacturing Co. .............. 3,808 124,103
Superior Industries International,
Inc. ................................ 2,465 54,871
Tenneco Automotive, Inc. (a)........... 4,900 96,089
The Goodyear Tire & Rubber Co. (a)..... 19,204 333,766
TRW Automotive Holdings Corp. (a)...... 2,800 73,780
United Rentals, Inc. (a)............... 7,184 168,034
Visteon Corp. (a)...................... 15,048 94,200
-----------
1,452,985
-----------
BANKS (REGIONAL) -- 9.1%
1st Source Corp. ...................... 1,200 30,180
Alabama National Bancorporation........ 1,700 110,092
AMCORE Financial, Inc. ................ 2,707 82,320
Arrow Financial Corp. ................. 1,200 31,380
Bancfirst Corp. ....................... 400 31,600
BancorpSouth, Inc. .................... 7,838 172,985
Bank Mutual Corp. ..................... 7,400 78,440
Banner Corp. .......................... 1,200 37,440
BOK Financial Corp. ................... 3,300 149,919
Capital City Bank Group, Inc. ......... 1,500 51,435
Centennial Bank Holdings, Inc. (a)..... 6,000 74,220
Central Pacific Financial Corp. ....... 3,500 125,720
Chemical Financial Corp. .............. 2,700 85,752
Chittenden Corp. ...................... 5,320 147,949
Citizens Banking Corp. ................ 4,265 118,354
City Bank.............................. 1,000 35,570
City Holding Co. ...................... 2,100 75,495
Columbia Banking System, Inc. ......... 1,800 51,390
Community Bank System, Inc. ........... 3,500 78,925
Community Banks, Inc. ................. 2,700 75,600
Community Trust Bancorp, Inc. ......... 1,500 46,125
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Corus Bankshares, Inc. ................ 1,800 $ 101,286
Cullen/Frost Bankers, Inc. ............ 5,700 305,976
CVB Financial Corp. ................... 5,600 113,736
F N B Corp. ........................... 5,983 103,865
First BanCorp-Puerto Rico.............. 8,700 107,967
First Bancorp-North Carolina........... 1,600 32,256
First Busey Corp. ..................... 1,800 37,602
First Charter Corp. ................... 3,500 82,810
First Citizens BancShares, Inc. ....... 600 104,652
First Commonwealth Financial Corp. .... 8,100 104,733
First Financial Bancorp................ 5,100 89,352
First Financial Bankshares, Inc. ...... 2,100 73,626
First Financial Corp. ................. 1,200 32,400
First Indiana Corp. ................... 1,300 44,694
First Merchants Corp. ................. 2,200 57,200
First Midwest Bancorp, Inc. ........... 5,050 177,053
First Niagara Financial Group, Inc. ... 12,780 184,926
First Oak Brook Bancshares, Inc. ...... 700 19,565
First Republic Bank.................... 2,900 107,329
First State Bancorporation............. 1,800 43,182
FirstMerit Corp. ...................... 8,513 220,572
Fremont General Corp. ................. 7,200 167,256
Glacier Bancorp, Inc. ................. 3,600 108,180
Gold Banc Corp., Inc. ................. 4,600 83,812
Greater Bay Bancorp.................... 5,568 142,652
Hancock Holding Co. ................... 3,100 117,211
Harleysville National Corp. ........... 3,200 61,120
Hudson United Bancorp.................. 4,895 204,023
IBERIABANK Corp. ...................... 1,000 51,010
Independent Bank Corp.-Massachusetts... 1,800 51,354
Independent Bank Corp.-Michigan........ 2,400 65,352
Integra Bank Corp. .................... 2,000 42,680
Interchange Financial Services
Corp. ............................... 2,200 37,950
International Bancshares Corp. ........ 5,400 158,544
Irwin Financial Corp. ................. 2,100 44,982
Mid-State Bancshares................... 2,700 72,225
Midwest Banc Holdings, Inc. ........... 2,000 44,500
Nara Bancorp, Inc. .................... 2,500 44,450
National Penn Bancshares, Inc. ........ 4,500 85,725
NBT Bancorp, Inc. ..................... 3,800 82,042
NewAlliance Bancshares, Inc. .......... 12,400 180,296
Old National Bancorp................... 7,492 162,127
Omega Financial Corp. ................. 1,300 36,231
Oriental Financial Group............... 2,500 30,900
Pacific Capital Bancorp................ 4,636 164,949
Park National Corp. ................... 1,300 133,432
Placer Sierra Bancshares............... 900 24,939
Provident Bankshares Corp. ............ 3,801 128,360
Provident Financial Services, Inc. .... 7,402 137,011
R-G Financial Corp. ................... 3,400 44,880
Republic Bancorp, Inc.-Kentucky........ 1,100 23,595
Republic Bancorp, Inc.-Michigan........ 8,172 97,247
S&T Bancorp, Inc. ..................... 2,700 99,414
Sandy Spring Bancorp, Inc. ............ 1,700 59,296
Santander BanCorp...................... 600 15,072
Seacoast Banking Corp. of Florida...... 1,400 32,130
Simmons First National Corp. .......... 1,600 44,320
South Financial Group, Inc. ........... 8,174 225,112
Sterling Bancorp....................... 2,100 41,433
</Table>
See accompanying notes to financial statements.
120
STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Sterling Bancshares, Inc. ............. 5,215 $ 80,520
Sterling Financial Corp. .............. 3,100 61,380
Suffolk Bancorp........................ 1,300 43,901
Sun Bancorp, Inc. (a).................. 1,700 33,575
Susquehanna Bancshares, Inc. .......... 5,029 119,087
Tompkins Trustco, Inc. ................ 800 35,840
TrustCo Bank Corp. NY.................. 8,620 107,060
Trustmark Corp. ....................... 5,280 145,041
UMB Financial Corp. ................... 1,600 102,256
United Bankshares, Inc. ............... 4,496 158,439
Unizan Financial Corp. ................ 2,500 66,400
USB Holding Co., Inc. ................. 1,400 30,324
Washington Trust Bancorp, Inc. ........ 1,400 36,652
WesBanco, Inc. ........................ 2,400 72,984
West Coast Bancorp..................... 1,700 44,965
Whitney Holding Corp. ................. 6,800 187,408
Wilmington Trust Corp. ................ 7,400 287,934
Yardville National Bancorp............. 1,200 41,580
-----------
8,836,831
-----------
BEVERAGES (NON-ALCOHOLIC) -- 0.4%
Aqua America, Inc. .................... 14,066 384,002
Farmer Brothers Co. ................... 700 13,538
-----------
397,540
-----------
BIOTECHNOLOGY -- 0.5%
Alexion Pharmaceuticals, Inc. (a)...... 3,600 72,900
Applera Corp. -- Celera Genomics Group
(a).................................. 8,489 93,039
Ariad Pharmaceuticals, Inc. (a)........ 7,000 40,950
Cambrex Corp. ......................... 2,850 53,495
Cell Genesys, Inc. (a)................. 5,146 30,516
Human Genome Sciences, Inc. (a)........ 15,100 129,256
Incyte, Inc. (a)....................... 9,609 51,312
-----------
471,468
-----------
BROADCASTING (TV, RADIO & CABLE) -- 0.9%
Citadel Broadcasting Corp. ............ 6,000 80,640
Cox Radio, Inc. (Class A) (a).......... 4,452 62,684
Cumulus Media, Inc. (a)................ 6,096 75,652
Emmis Communications Corp. (a)......... 3,800 75,658
Fisher Communications, Inc. (a)........ 700 29,001
Hearst-Argyle Television, Inc. ........ 3,054 72,838
Journal Communications, Inc. .......... 4,200 58,590
Liberty Corp. ......................... 1,900 88,939
Lin TV Corp. (Class A) (a)............. 3,100 34,534
Media General, Inc. (Class A).......... 2,400 121,680
Radio One, Inc. (Class A) (a).......... 10,200 104,754
Sinclair Broadcast Group, Inc. ........ 5,351 49,229
World Wrestling Entertainment, Inc.
(Class A)............................ 2,100 30,828
-----------
885,027
-----------
BUILDING MATERIALS -- 1.2%
Apogee Enterprises, Inc. .............. 3,000 48,660
Builders FirstSource, Inc. (a)......... 1,400 29,918
Eagle Materials, Inc. ................. 2,000 244,720
ElkCorp................................ 2,200 74,052
Insituform Technologies, Inc. (a)...... 3,068 59,427
Lennox International, Inc. ............ 5,900 166,380
NCI Building Systems, Inc. (a)......... 2,400 101,952
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Texas Industries, Inc. ................ 2,600 $ 129,584
Universal Forest Products, Inc. ....... 1,900 104,975
USG Corp. (a).......................... 3,700 240,500
-----------
1,200,168
-----------
CELLULAR/WIRELESS TELECOMMUNICATIONS -- 0.2%
Powerwave Technologies, Inc. (a)....... 12,044 151,393
USA Mobility, Inc. (a)................. 2,900 80,388
-----------
231,781
-----------
CHEMICALS (DIVERSIFIED) -- 0.8%
Airgas, Inc. .......................... 7,300 240,170
FMC Corp. (a).......................... 4,000 212,680
Georgia Gulf Corp. .................... 3,800 115,596
Olin Corp. ............................ 8,056 158,542
Rockwood Holdings, Inc. (a)............ 2,400 47,352
Westlake Chemical Corp. ............... 1,400 40,334
-----------
814,674
-----------
CHEMICALS (SPECIALTY) -- 2.3%
A. Schulman, Inc. ..................... 3,562 76,654
Albemarle Corp. ....................... 3,976 152,480
Arch Chemicals, Inc. .................. 2,700 80,730
Cabot Corp. ........................... 6,000 214,800
Cytec Industries, Inc. ................ 4,100 195,283
Ferro Corp. ........................... 4,839 90,780
H.B. Fuller Co. ....................... 3,349 107,403
Hercules, Inc. (a)..................... 11,671 131,882
Kronos Worldwide, Inc. ................ 400 11,604
Minerals Technologies, Inc. ........... 2,200 122,958
NewMarket Corp. (a).................... 1,700 41,582
NL Industries.......................... 900 12,681
OM Group, Inc. (a)..................... 3,300 61,908
PolyOne Corp. (a)...................... 10,600 68,158
RPM, Inc. ............................. 12,582 218,549
Sensient Technologies Corp. ........... 5,127 91,773
Spartech Corp. ........................ 3,700 81,215
Terra Nitrogen Co. LP.................. 800 15,200
Tronox, Inc (a)........................ 1,700 22,219
UAP Holding Corp. ..................... 3,900 79,638
Valhi, Inc. ........................... 1,400 25,900
Valspar Corp. ......................... 10,300 254,101
WR Grace & Co. (a)..................... 6,400 60,160
-----------
2,217,658
-----------
COAL -- 0.5%
Foundation Coal Holdings, Inc. ........ 3,900 148,200
International Coal Group, Inc (a)...... 13,000 123,500
James River Coal Co. (a)............... 1,900 72,580
Natural Resource Partners LP........... 1,700 85,425
Penn Virginia Resource Partners LP..... 1,500 83,355
-----------
513,060
-----------
COMMUNICATIONS EQUIPMENT -- 1.4%
ADC Telecommunications, Inc. (a)....... 12,700 283,718
Andrew Corp. (a)....................... 17,300 185,629
Anixter International, Inc. ........... 3,700 144,744
CIENA Corp. (a)........................ 61,800 183,546
CommScope, Inc. (a).................... 6,290 126,618
Fairpoint Communications, Inc. ........ 3,200 33,152
Newport Corp. (a)...................... 4,202 56,895
</Table>
See accompanying notes to financial statements.
121
STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
North Pittsburgh Systems, Inc. ........ 1,600 $ 30,192
PanAmSat Holding Corp. ................ 5,900 144,550
RF Micro Devices, Inc. (a)............. 21,638 117,061
Sycamore Networks, Inc. (a)............ 21,438 92,612
-----------
1,398,717
-----------
COMPUTER SOFTWARE/SERVICES -- 1.6%
Advent Software, Inc. (a).............. 2,600 75,166
Agilysys, Inc. ........................ 3,562 64,900
American Reprographics Co. (a)......... 2,200 55,902
Borland Software Corp. (a)............. 9,311 60,801
Compuware Corp. (a).................... 37,700 338,169
Covansys Corp. (a)..................... 2,100 28,581
Hutchinson Technology, Inc. (a)........ 3,000 85,350
Imation Corp. ......................... 3,600 165,852
Magma Design Automation, Inc. (a)...... 3,300 27,753
Mantech International Corp. (a)........ 1,700 47,362
NetIQ Corp. (a)........................ 6,379 78,398
Perot Systems Corp. (Class A) (a)...... 9,245 130,724
The Reynolds & Reynolds Co. ........... 7,000 196,490
THQ, Inc. (a).......................... 6,700 159,795
-----------
1,515,243
-----------
COMPUTERS (HARDWARE) -- 0.2%
Gateway, Inc. (a)...................... 26,814 67,303
Palm, Inc. (a)......................... 4,900 155,820
-----------
223,123
-----------
COMPUTERS (NETWORKING) -- 0.2%
3Com Corp. (a)......................... 41,900 150,840
Extreme Networks, Inc. (a)............. 12,475 59,256
-----------
210,096
-----------
COMPUTERS (PERIPHERALS) -- 0.2%
Electronics for Imaging, Inc. (a)...... 5,779 153,779
-----------
CONSUMER (JEWELRY/NOVELTIES) -- 0.1%
Blyth, Inc. ........................... 3,510 73,534
-----------
CONSUMER FINANCE -- 0.2%
Westcorp............................... 2,600 173,186
-----------
CONTAINERS (METALS & GLASS) -- 0.1%
Greif, Inc. (Class A).................. 1,700 112,676
-----------
CONTAINERS/PACKAGING (PAPER & PLASTIC) -- 0.2%
Chesapeake Corp. ...................... 2,273 38,596
Packaging Corp. of America............. 6,700 153,765
-----------
192,361
-----------
DISTRIBUTION/WHOLESALE -- 0.7%
BlueLinx Holdings, Inc. ............... 1,400 15,750
Building Material Holding Corp. ....... 1,600 109,136
Handleman Co. ......................... 2,500 31,050
Hughes Supply, Inc. ................... 7,200 258,120
Owens & Minor, Inc. ................... 4,570 125,812
Watsco, Inc. .......................... 2,600 155,506
-----------
695,374
-----------
DISTRIBUTORS (FOOD & HEALTH) -- 0.1%
Chiquita Brands International, Inc. ... 4,479 89,625
-----------
ELECTRIC UTILITIES -- 3.7%
ALLETE, Inc. .......................... 2,802 123,288
Avista Corp. .......................... 5,606 99,282
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Black Hills Corp. ..................... 3,767 $ 130,376
CH Energy Group, Inc. ................. 1,800 82,620
Cleco Corp. ........................... 5,755 119,992
CMS Energy Corp. (a)................... 23,885 346,571
Duquesne Light Holdings, Inc. ......... 8,300 135,456
El Paso Electric Co. (a)............... 5,513 115,994
Empire District Electric Co. .......... 3,000 60,990
Great Plains Energy, Inc. ............. 8,100 226,476
Hawaiian Electric Industries, Inc. .... 8,753 226,703
IDACORP, Inc. ......................... 4,836 141,695
ITC Holdings Corp. .................... 1,400 39,326
MGE Energy, Inc. ...................... 2,400 81,384
NorthWestern Corp. .................... 3,100 96,317
OGE Energy Corp. ...................... 9,831 263,372
Otter Tail Corp. ...................... 3,000 86,940
Pike Electric Corp. (a)................ 1,600 25,952
PNM Resources, Inc. ................... 6,758 165,503
Puget Energy, Inc. .................... 12,500 255,250
Sierra Pacific Resources (a)........... 12,687 165,438
UIL Holdings Corp. .................... 1,500 68,985
Unisource Energy Corp. ................ 3,757 117,218
Westar Energy, Inc. ................... 9,287 199,671
WPS Resources Corp. ................... 4,600 254,426
-----------
3,629,225
-----------
ELECTRICAL EQUIPMENT -- 0.9%
Advanced Energy Industries, Inc. (a)... 3,700 43,771
Artesyn Technologies, Inc. (a)......... 4,328 44,578
Black Box Corp. ....................... 2,000 94,760
C-COR.net Corp. (a).................... 5,545 26,949
Cohu, Inc. ............................ 2,307 52,761
EMCOR Group, Inc. (a).................. 1,700 114,801
Lincoln Electric Holdings, Inc. ....... 3,900 154,674
Littelfuse, Inc. (a)................... 2,600 70,850
Thomas & Betts Corp. (a)............... 6,800 285,328
-----------
888,472
-----------
ELECTRONICS (COMPONENT DISTRIBUTION) -- 1.3%
AVX Corp. ............................. 6,000 86,880
Bel Fuse, Inc. (Class B)............... 1,300 41,340
Coherent, Inc. (a)..................... 3,500 103,880
Cubic Corp. ........................... 1,900 37,924
EnerSys (a)............................ 2,400 31,296
GrafTech International, Ltd. (a)....... 11,298 70,274
KEMET Corp. (a)........................ 10,050 71,053
Methode Electronics, Inc. (Class A).... 4,142 41,296
Plexus Corp. (a)....................... 5,023 114,223
Power-One, Inc. (a).................... 8,516 51,266
Tech Data Corp. (a).................... 6,300 249,984
Technitrol, Inc. ...................... 4,271 73,034
Vishay Intertechnology, Inc. (a)....... 18,400 253,184
-----------
1,225,634
-----------
ELECTRONICS (INSTRUMENT) -- 1.0%
Belden CDT, Inc. ...................... 5,398 131,873
Brady Corp. ........................... 4,600 166,428
Checkpoint Systems, Inc. (a)........... 4,401 108,485
Park Electrochemical Corp. ............ 2,052 53,311
Paxar Corp. (a)........................ 4,200 82,446
Tektronix, Inc. ....................... 9,200 259,532
</Table>
See accompanying notes to financial statements.
122
STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Watts Water Technologies, Inc. ........ 2,900 $ 87,841
Woodward Governor Co. ................. 1,100 94,611
-----------
984,527
-----------
ELECTRONICS (SEMICONDUCTORS) -- 1.5%
Actel Corp. (a)........................ 2,931 37,312
Adaptec, Inc. (a)...................... 12,769 74,316
Conexant Systems, Inc. (a)............. 53,687 121,333
Cypress Semiconductor Corp. (a)........ 14,550 207,337
Electro Scientific Industries, Inc.
(a).................................. 3,228 77,956
Emulex Corp. (a)....................... 8,996 178,031
Integrated Device Technology, Inc.
(a).................................. 21,842 287,877
Lattice Semiconductor Corp. (a)........ 12,363 53,408
LSI Logic Corp. (a).................... 42,400 339,200
TriQuint Semiconductor, Inc. (a)....... 15,966 71,049
-----------
1,447,819
-----------
ENERGY-ALTERNATE SOURCES -- 0.3%
Covanta Holding Corp. (a).............. 11,700 176,202
KFX, Inc. (a).......................... 7,200 123,192
Sunpower Corp. (a)..................... 800 27,192
-----------
326,586
-----------
ENGINEERING & CONSTRUCTION -- 0.9%
Dycom Industries, Inc. (a)............. 4,559 100,298
Foster Wheeler, Ltd. (a)............... 4,800 176,544
Granite Construction, Inc. ............ 3,700 132,867
McDermott International, Inc. (a)...... 6,400 285,504
URS Corp. (a).......................... 4,600 173,006
-----------
868,219
-----------
ENTERTAINMENT -- 0.3%
Carmike Cinemas, Inc. ................. 1,300 32,968
Great Wolf Resorts, Inc. (a)........... 3,100 31,961
Midway Games, Inc. (a)................. 1,100 20,867
Regal Entertainment Group.............. 5,300 100,806
Vail Resorts, Inc. (a)................. 3,200 105,696
-----------
292,298
-----------
ENVIRONMENTAL CONTROL -- 0.3%
Aleris International, Inc. (a)......... 3,600 116,064
Nalco Holding Co. (a).................. 9,100 161,161
-----------
277,225
-----------
EQUIPMENT (SEMICONDUCTORS) -- 0.7%
Axcelis Technologies, Inc. (a)......... 11,635 55,499
Brooks Automation, Inc. (a)............ 8,557 107,219
Credence Systems Corp. (a)............. 9,400 65,424
Entegris, Inc. (a)..................... 13,800 129,996
Kulicke & Soffa Industries, Inc. (a)... 5,955 52,642
MKS Instruments, Inc. (a).............. 4,100 73,349
Photronics, Inc. (a)................... 4,327 65,165
Standard Microsystems Corp. (a)........ 2,400 68,856
Vitesse Semiconductor Corp. (a)........ 25,463 48,889
-----------
667,039
-----------
FINANCIAL (DIVERSIFIED) -- 1.0%
CharterMac............................. 5,500 116,490
Financial Federal Corp. ............... 2,000 88,900
GAMCO Investors, Inc. ................. 800 34,824
IndyMac Bancorp, Inc. ................. 6,800 265,336
IntercontinentalExchange, Inc. (a)..... 1,700 61,795
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Knight Capital Group, Inc. (a)......... 12,445 $ 123,081
Nelnet, Inc. (a)....................... 2,500 101,700
Ocwen Financial Corp. (a).............. 4,300 37,410
Piper Jaffray Cos., Inc. (a)........... 2,400 96,960
-----------
926,496
-----------
FOOD PRODUCTS -- 1.3%
Corn Products International, Inc. ..... 8,000 191,120
Del Monte Foods Co. (a)................ 21,700 226,331
Fresh Del Monte Produce, Inc. ......... 2,900 66,033
Gold Kist, Inc. (a).................... 5,900 88,205
Great Atlantic & Pacific Tea Co. (a)... 1,900 60,382
Hain Celestial Group, Inc. (a)......... 3,500 74,060
Lancaster Colony Corp. ................ 2,900 107,445
Lance, Inc. ........................... 3,400 63,342
Nash Finch Co. ........................ 1,400 35,672
Pilgrim's Pride Corp. ................. 4,500 149,220
Premium Standard Farms, Inc. .......... 1,100 16,456
Ralcorp Holdings, Inc. (a)............. 3,200 127,712
Tootsie Roll Industries, Inc. ......... 2,900 83,897
-----------
1,289,875
-----------
FOOTWEAR -- 0.4%
Payless ShoeSource, Inc. (a)........... 7,400 185,740
Skechers U.S.A., Inc. (a).............. 2,600 39,832
Stride Rite Corp. ..................... 4,206 57,033
Wolverine World Wide, Inc. ............ 6,174 138,668
-----------
421,273
-----------
GAMING & LOTTERY -- 0.2%
Churchill Downs, Inc. ................. 1,000 36,730
Isle of Capri Casinos, Inc. (a)........ 2,000 48,720
Pinnacle Entertainment, Inc. (a)....... 4,584 113,271
-----------
198,721
-----------
GAS & PIPELINE UTILITIES -- 0.5%
Aquila, Inc. (a)....................... 40,420 145,512
DCP Midstream Partners LP (a).......... 900 22,032
Magellan Midstream Partners LP......... 6,600 212,718
Markwest Energy Partners LP............ 900 41,796
TC Pipelines LP........................ 1,900 61,750
-----------
483,808
-----------
GOLD/PRECIOUS METALS MINING -- 0.3%
Meridian Gold, Inc. (a)................ 10,802 236,240
Stillwater Mining Co. (a).............. 5,083 58,810
-----------
295,050
-----------
HAND/MACHINE TOOLS -- 0.2%
Snap-on, Inc. ......................... 5,730 215,219
-----------
HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 0.3%
Alpharma, Inc. (Class A)............... 4,700 133,997
KV Pharmaceutical Co. (Class A) (a).... 4,800 98,880
Star Scientific, Inc. (a).............. 5,400 12,690
-----------
245,567
-----------
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 1.1%
Advanced Medical Optics, Inc. (a)...... 7,100 296,780
CONMED Corp. (a)....................... 3,500 82,810
Datascope Corp. ....................... 1,400 46,270
DJ Orthopedics, Inc. (a)............... 2,100 57,918
</Table>
See accompanying notes to financial statements.
123
STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Invacare Corp. ........................ 3,700 $ 116,513
PolyMedica Corp. ...................... 2,800 93,716
PSS World Medical, Inc. (a)............ 7,501 111,315
STERIS Corp. .......................... 7,500 187,650
West Pharmaceutical Services, Inc. .... 3,300 82,599
-----------
1,075,571
-----------
HEALTH CARE (SPECIAL SERVICES) -- 0.4%
Genesis HealthCare Corp. (a)........... 2,300 83,996
Kindred Healthcare, Inc. (a)........... 3,100 79,856
Magellan Health Services, Inc. (a)..... 3,600 113,220
NDCHealth Corp. (a).................... 4,210 80,958
RehabCare Group, Inc. (a).............. 1,900 38,380
-----------
396,410
-----------
HOMEBUILDING -- 1.3%
Beazer Homes USA, Inc. ................ 4,300 313,212
Champion Enterprises, Inc. (a)......... 8,409 114,530
Fleetwood Enterprises, Inc. (a)........ 6,388 78,892
M.D.C. Holdings, Inc. ................. 3,500 216,930
M/I Homes, Inc. ....................... 1,300 52,806
Palm Harbor Homes, Inc. (a)............ 1,200 22,560
Skyline Corp. ......................... 800 29,120
Standard Pacific Corp. ................ 7,400 272,320
WCI Communities, Inc. (a).............. 4,200 112,770
Williams Scotsman International, Inc.
(a).................................. 1,800 31,158
-----------
1,244,298
-----------
HOUSEHOLD FURNISHINGS & APPLIANCES -- 0.6%
American Woodmark Corp. ............... 1,300 32,227
Ethan Allen Interiors, Inc. ........... 3,400 124,202
Furniture Brands International,
Inc. ................................ 5,889 131,502
Kimball International, Inc. (Class
B)................................... 2,900 30,827
La-Z-Boy, Inc. ........................ 6,097 82,675
Maytag Corp. .......................... 7,950 149,619
-----------
551,052
-----------
HOUSEHOLD PRODUCTS (NON-DURABLE) -- 0.5%
American Greetings Corp. (Class A)..... 6,702 147,243
Central Garden & Pet Co. (a)........... 2,100 96,474
CSS Industries, Inc. .................. 900 27,657
Playtex Products, Inc. (a)............. 3,800 51,946
Russ Berrie & Co., Inc. ............... 1,200 13,704
Tupperware Corp. ...................... 5,579 124,970
WD-40 Co. ............................. 1,900 49,894
-----------
511,888
-----------
INSURANCE BROKERS -- 0.2%
Erie Indemnity Co. (Class A)........... 3,200 170,240
-----------
INSURANCE (LIFE/HEALTH) -- 1.4%
AmerUs Group Co. ...................... 4,300 243,681
Delphi Financial Group................. 3,100 142,631
FBL Financial Group, Inc. (Class A).... 1,400 45,934
Great American Financial Resources,
Inc. ................................ 900 17,856
Kansas City Life Insurance Co. ........ 500 25,040
National Western Life Insurance Co.
(Class A) (a)........................ 300 62,073
Presidential Life Corp. ............... 2,473 47,086
Reinsurance Group America, Inc. ....... 3,600 171,936
StanCorp Financial Group, Inc. ........ 6,200 309,690
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
The Phoenix Cos., Inc. ................ 10,431 $ 142,279
UICI................................... 3,500 124,285
-----------
1,332,491
-----------
INSURANCE (MULTI-LINE) -- 0.6%
Alfa Corp. ............................ 4,300 69,230
American National Insurance Co. ....... 1,700 198,883
Hanover Insurance Group, Inc. ......... 5,745 239,969
United Fire & Casualty Co. ............ 2,100 84,903
-----------
592,985
-----------
INSURANCE (PROPERTY/CASUALTY) -- 2.5%
21st Century Insurance Group........... 3,000 48,540
Alleghany Corp. (a).................... 600 170,400
American Financial Group, Inc. ........ 4,354 166,802
Argonaut Group, Inc. (a)............... 3,200 104,864
Baldwin & Lyons, Inc. (Class B)........ 1,100 26,730
Bristol West Holdings, Inc. ........... 2,200 41,866
CNA Surety Corp. (a)................... 1,800 26,226
Harleysville Group, Inc. .............. 1,600 42,400
Horace Mann Educators Corp. ........... 4,974 94,307
Infinity Property & Casualty Corp. .... 2,400 89,304
LandAmerica Financial Group, Inc. ..... 1,800 112,320
Mercury General Corp. ................. 2,900 168,838
Ohio Casualty Corp. ................... 7,150 202,488
ProAssurance Corp. (a)................. 3,100 150,784
RLI Corp. ............................. 2,600 129,662
Safety Insurance Group, Inc. .......... 1,500 60,555
Selective Insurance Group, Inc. ....... 3,000 159,300
State Auto Financial Corp. ............ 1,600 58,336
Stewart Information Services Corp. .... 2,000 97,340
The Commerce Group, Inc. .............. 3,300 189,024
The Midland Co. ....................... 1,500 54,060
Triad Guaranty, Inc. (a)............... 1,100 48,389
Wesco Financial Corp. ................. 200 77,000
Zenith National Insurance Corp. ....... 3,300 152,196
-----------
2,471,731
-----------
INVESTMENT BANKING/BROKERAGE -- 0.9%
Friedman, Billings, Ramsey Group,
Inc. ................................ 17,000 168,300
Investment Technology Group, Inc.
(a).................................. 4,522 160,259
Jefferies Group, Inc. ................. 5,400 242,892
LaBranche & Co., Inc. (a).............. 6,579 66,514
Raymond James Financial, Inc. ......... 6,612 249,074
Resource America, Inc. ................ 2,000 34,100
-----------
921,139
-----------
INVESTMENT MANAGEMENT -- 0.8%
Alliance Capital Management Holding
LP................................... 3,000 169,470
Cohen & Steers, Inc. .................. 1,000 18,630
Nuveen Investments, Inc. .............. 6,900 294,078
W.P. Stewart & Co., Ltd. .............. 2,570 60,575
Waddell & Reed Financial, Inc. (Class
A)................................... 9,000 188,730
-----------
731,483
-----------
LEISURE TIME (PRODUCTS) -- 0.5%
Callaway Golf Co. ..................... 7,561 104,644
Cedar Fair LP.......................... 5,800 165,532
JAKKS Pacific, Inc. (a)................ 3,042 63,700
K2, Inc. (a)........................... 5,400 54,594
Monaco Coach Corp. .................... 3,138 41,735
</Table>
See accompanying notes to financial statements.
124
STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Six Flags, Inc. (a).................... 8,543 $ 65,867
The Topps Co., Inc..................... 4,400 32,692
-----------
528,764
-----------
LODGING (HOTELS) -- 0.8%
Aztar Corp. (a)........................ 4,000 121,560
Gaylord Entertainment Co. (a).......... 4,300 187,437
La Quinta Corp. (a).................... 21,992 244,991
Marcus Corp. .......................... 2,400 56,400
Orient-Express Hotels, Ltd. (Class
A)................................... 4,400 138,688
-----------
749,076
-----------
MACHINERY (DIVERSIFIED) -- 2.3%
AGCO Corp. (a)......................... 9,802 162,419
Albany International Corp. (Class A)... 2,900 104,864
Applied Industrial Technologies,
Inc. ................................ 3,100 104,439
Baldor Electric Co. ................... 3,400 87,210
Brush Engineered Materials, Inc. (a)... 2,200 34,980
Cascade Corp. ......................... 1,200 56,292
Gardner Denver, Inc. (a)............... 2,800 138,040
Global Power Equipment Group, Inc.
(a).................................. 4,100 18,532
IDEX Corp. ............................ 5,400 221,994
JLG Industries, Inc. .................. 5,600 255,696
Kaydon Corp. .......................... 3,300 106,062
Lindsay Manufacturing Co. ............. 1,300 24,999
Mueller Industries, Inc. .............. 3,638 99,754
Nordson Corp. ......................... 3,300 133,683
Robbins & Myers, Inc. ................. 1,300 26,455
Sauer-Danfoss, Inc. ................... 1,300 24,453
Stewart & Stevenson Services, Inc. .... 3,040 64,235
Tecumseh Products Co. (Class A)........ 1,800 41,238
Tennant Co. ........................... 800 41,600
The Manitowoc Co., Inc. ............... 3,200 160,704
UNOVA, Inc. (a)........................ 5,200 175,760
Wabtec Corp. .......................... 4,900 131,810
-----------
2,215,219
-----------
MANUFACTURING (DIVERSIFIED) -- 2.9%
Ameron International Corp. ............ 900 41,022
AO Smith Corp. ........................ 2,300 80,730
Aptargroup, Inc. ...................... 3,500 182,700
Barnes Group, Inc. .................... 2,000 66,000
Blount International, Inc. (a)......... 4,300 68,499
Carlisle Cos., Inc. ................... 3,400 235,110
Crane Co. ............................. 5,617 198,112
Federal Signal Corp. .................. 5,600 84,056
Harsco Corp. .......................... 4,500 303,795
Herman Miller, Inc. ................... 7,500 211,425
iRobot Corp. (a)....................... 500 16,665
Jacuzzi Brands, Inc. (a)............... 8,735 73,374
Myers Industries, Inc. ................ 3,000 43,740
NACCO Industries, Inc. ................ 700 82,005
Reddy Ice Holdings, Inc. .............. 1,200 26,172
Regal-Beloit Corp. .................... 3,500 123,900
Standex International Corp. ........... 1,300 36,088
Terex Corp. (a)........................ 5,400 320,760
The Brink's Co. ....................... 6,600 316,206
Tredegar Corp. ........................ 2,900 37,381
Trinity Industries, Inc. .............. 5,001 220,394
-----------
2,768,134
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
MANUFACTURING (SPECIALIZED) -- 0.8%
Astec Industries, Inc. (a)............. 1,800 $ 58,788
Briggs & Stratton Corp. ............... 5,600 217,224
CTS Corp. ............................. 4,289 47,436
EnPro Industries, Inc. (a)............. 2,400 64,680
IKON Office Solutions, Inc. ........... 12,683 132,030
Teleflex, Inc. ........................ 4,000 259,920
-----------
780,078
-----------
METAL FABRICATORS -- 1.2%
CIRCOR International, Inc. ............ 1,500 38,490
Commercial Metals Co. ................. 6,414 240,782
General Cable Corp. (a)................ 5,230 103,031
Kennametal, Inc. ...................... 4,200 214,368
Lawson Products, Inc. ................. 600 22,644
NS Group, Inc. (a)..................... 2,600 108,706
Quanex Corp. .......................... 2,700 134,919
The Timken Co. ........................ 9,000 288,180
Valmont Industries, Inc. .............. 1,800 60,228
-----------
1,211,348
-----------
METALS MINING -- 0.4%
AMCOL International Corp. ............. 2,900 59,508
Century Aluminum Co. (a)............... 2,800 73,388
RTI International Metals, Inc. (a)..... 2,500 94,875
Titanium Metals Corp. (a).............. 900 56,934
USEC, Inc. ............................ 9,734 116,321
-----------
401,026
-----------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 3.7%
AGL Resources, Inc. ................... 7,916 275,556
Atmos Energy Corp. .................... 8,898 232,772
Boardwalk Pipeline Partners LP (a)..... 1,700 30,566
Buckeye Partners LP.................... 3,800 160,436
Dynegy, Inc. (Class A) (a)............. 29,061 140,655
Holly Energy Partners LP............... 800 29,512
Laclede Group, Inc. ................... 2,300 67,183
National Fuel Gas Co. ................. 8,600 268,234
New Jersey Resources Corp. ............ 3,200 134,048
Nicor, Inc. ........................... 4,800 188,688
Northwest Natural Gas Co. ............. 3,138 107,257
Pacific Energy Partners LP............. 3,100 91,047
Peoples Energy Corp. .................. 4,092 143,506
Piedmont Natural Gas Co., Inc. ........ 7,828 189,125
Plains All American Pipeline LP........ 5,900 233,463
South Jersey Industries, Inc. ......... 3,200 93,248
Southern Union Co. (a)................. 11,450 270,564
Southwest Gas Corp. ................... 4,400 116,160
UGI Corp. ............................. 11,262 231,997
Valero LP.............................. 4,000 207,040
Vectren Corp. ......................... 8,277 224,803
WGL Holdings, Inc. .................... 5,252 157,875
-----------
3,593,735
-----------
OFFICE EQUIPMENT & SUPPLIES -- 0.2%
Ennis, Inc. ........................... 2,900 52,693
United Stationers, Inc. (a)............ 3,600 174,600
-----------
227,293
-----------
</Table>
See accompanying notes to financial statements.
125
STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
OFFICE FURNISHINGS -- 0.1%
Global Imaging Systems, Inc. (a)....... 2,700 $ 93,501
Interface, Inc. (Class A) (a).......... 5,182 42,596
-----------
136,097
-----------
OIL & GAS (DRILLING & EQUIPMENT) -- 0.3%
Lone Star Technologies, Inc. (a)....... 3,100 160,146
SEACOR Holdings, Inc. (a).............. 2,200 149,820
-----------
309,966
-----------
OIL & GAS (EXPLORATION/PRODUCTS) -- 1.6%
Dorchester Minerals LP................. 3,100 78,957
Forest Oil Corp. (a)................... 5,700 259,749
Harvest Natural Resources, Inc. (a).... 4,200 37,296
Hugoton Royalty Trust.................. 2,100 79,611
McMoRan Exploration Co. (a)............ 2,300 45,471
Meridian Resource Corp. (a)............ 10,000 42,000
Petrohawk Energy Corp. (a)............. 7,900 104,438
RPC, Inc. ............................. 3,150 82,971
Stone Energy Corp. (a)................. 2,900 132,037
The Houston Exploration Co. (a)........ 3,100 163,680
Vintage Petroleum, Inc. ............... 6,139 327,393
Whiting Petroleum Corp. (a)............ 4,000 160,000
-----------
1,513,603
-----------
OIL & GAS (REFINING & MARKETING) -- 0.4%
Hanover Compressor Co. (a)............. 9,881 139,421
Sunoco Logistics Partners LP........... 1,500 58,050
Universal Compression Holdings, Inc.
(a).................................. 2,400 98,688
Veritas DGC, Inc. (a).................. 3,600 127,764
-----------
423,923
-----------
OIL FIELD SERVICES -- 0.3%
Tidewater, Inc. ....................... 5,800 257,868
-----------
PAPER & FOREST PRODUCTS -- 1.3%
Bowater, Inc. ......................... 6,000 184,320
Buckeye Technologies, Inc. (a)......... 4,300 34,615
Caraustar Industries, Inc. (a)......... 3,275 28,460
Deltic Timber Corp. ................... 1,300 67,418
Glatfelter............................. 4,400 62,436
Longview Fibre Co. .................... 5,900 122,779
Neenah Paper, Inc. .................... 1,700 47,600
Potlatch Corp. ........................ 3,200 163,136
Rayonier, Inc. ........................ 8,300 330,755
Rock-Tenn Co. ......................... 3,600 49,140
Schweitzer-Mauduit International,
Inc. ................................ 1,700 42,126
Wausau-Mosinee Paper Corp. ............ 5,649 66,940
Xerium Technologies, Inc. ............. 1,600 13,456
-----------
1,213,181
-----------
PERSONAL CARE -- 0.1%
Perrigo Co. ........................... 9,583 142,882
-----------
PUBLISHING -- 0.1%
Primedia, Inc. (a)..................... 17,700 28,497
Scholastic Corp. (a)................... 3,300 94,083
-----------
122,580
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
PUBLISHING (NEWSPAPERS) -- 0.4%
Hollinger International, Inc. ......... 5,342 $ 47,864
Journal Register Co. .................. 4,900 73,255
Lee Enterprises, Inc. ................. 4,400 162,404
McClatchy Co. (Class A)................ 2,300 135,930
-----------
419,453
-----------
RAILROADS -- 0.4%
GATX Corp. ............................ 4,760 171,741
Kansas City Southern Industries, Inc.
(a).................................. 7,921 193,510
-----------
365,251
-----------
REAL ESTATE INVESTMENT TRUST -- 14.5%
Aames Investment Corp. ................ 5,500 35,530
Acadia Realty Trust.................... 3,200 64,160
Affordable Residential Communities..... 3,400 32,402
Alexandria Real Estate Equities,
Inc. ................................ 2,500 201,250
American Financial Realty Trust........ 13,900 166,800
American Home Mortgage Investment
Corp. ............................... 4,868 158,551
Amli Residential Properties Trust...... 2,900 110,345
Annaly Mortgage Management, Inc. ...... 13,155 143,916
Anthracite Capital, Inc. .............. 6,400 67,392
Anworth Mortgage Asset Corp. .......... 5,300 38,690
Arbor Realty Trust, Inc. .............. 1,900 49,248
Arden Realty, Inc. .................... 7,312 327,797
Ashford Hospitality Trust, Inc. ....... 4,800 50,352
Avatar Holdings, Inc. (a).............. 500 27,460
Bedford Property Investors, Inc. ...... 1,800 39,492
BioMed Realty Trust, Inc. ............. 5,200 126,880
Brandywine Realty Trust................ 6,254 174,549
BRE Properties, Inc. (Class A)......... 5,484 249,412
Camden Property Trust.................. 5,680 328,985
Capital Lease Funding, Inc. ........... 2,900 30,537
Capital Trust, Inc. (Class A).......... 1,300 38,064
CarrAmerica Realty Corp. .............. 6,279 217,442
CBL & Associates Properties, Inc. ..... 6,500 256,815
Centerpoint Properties Corp. .......... 5,300 262,244
CentraCore Properties Trust............ 1,300 34,931
Colonial Properties Trust.............. 5,056 212,251
Commercial Net Lease Realty............ 6,200 126,294
Corporate Office Properties Trust...... 4,300 152,822
Cousins Properties, Inc. .............. 4,576 129,501
Crescent Real Estate Equities Co. ..... 10,800 214,056
Deerfield Triarc Capital Corp. ........ 2,900 39,730
DiamondRock Hospitality Co. ........... 5,400 64,584
EastGroup Properties, Inc. ............ 2,500 112,900
Education Realty Trust, Inc. .......... 2,600 33,514
Entertainment Properties Trust......... 2,900 118,175
Equity Inns, Inc. ..................... 6,143 83,238
Equity Lifestyle Properties, Inc. ..... 2,400 106,800
Equity One, Inc. ...................... 4,200 97,104
Essex Property Trust, Inc. ............ 2,300 212,060
Extra Space Storage, Inc. ............. 5,300 81,620
Federal Realty Investment Trust........ 5,700 345,705
FelCor Lodging Trust, Inc. ............ 5,400 92,934
Fieldstone Investment Corp. ........... 5,700 67,602
First Industrial Realty Trust, Inc. ... 4,775 183,837
Franklin Street Properties Corp. ...... 6,300 131,985
Getty Realty Corp. .................... 2,200 57,838
Glenborough Realty Trust, Inc. ........ 4,210 76,201
</Table>
See accompanying notes to financial statements.
126
STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Glimcher Realty Trust.................. 4,100 $ 99,712
GMH Communities Trust.................. 4,300 66,693
Health Care REIT, Inc. ................ 6,309 213,875
Healthcare Realty Trust, Inc. ......... 5,073 168,779
Heritage Property Investment Trust..... 3,100 103,540
Highland Hospitality Corp. ............ 5,800 64,090
Highwoods Properties, Inc. ............ 5,848 166,376
Home Properties of New York, Inc. ..... 3,443 140,474
HomeBanc Corp. ........................ 5,200 38,896
HRPT Properties Trust.................. 23,186 239,975
Impac Mortgage Holdings, Inc. ......... 8,596 80,888
Inland Real Estate Corp. .............. 7,000 103,530
Innkeepers USA Trust................... 4,900 78,400
Investors Real Estate Trust............ 5,200 47,996
JER Investors Trust, Inc. ............. 2,800 47,460
Kilroy Realty Corp. ................... 3,100 191,890
KKR Financial Corp. ................... 4,400 105,556
LaSalle Hotel Properties............... 3,900 143,208
Lexington Corporate Properties Trust... 6,000 127,800
LTC Properties, Inc. .................. 2,300 48,369
Luminent Mortgage Capital, Inc. ....... 4,000 30,040
Maguire Properties, Inc. .............. 3,700 114,330
Medical Properties Trust, Inc. ........ 3,600 35,208
MeriStar Hospitality Corp. (a)......... 10,134 95,260
MFA Mortgage Investments, Inc. ........ 9,500 54,150
Mid-America Apartment Communities,
Inc. ................................ 2,400 116,400
National Health Investors, Inc. ....... 2,700 70,092
Nationwide Health Properties, Inc. .... 7,726 165,336
New Century Financial Corp. ........... 6,100 220,027
Newcastle Investment Corp. ............ 4,700 116,795
Newkirk Realty Trust, Inc. ............ 1,700 26,350
Novastar Financial, Inc. .............. 3,426 96,305
Omega Healthcare Investors, Inc. ...... 5,900 74,281
Pan Pacific Retail Properties, Inc. ... 4,400 294,316
Parkway Properties, Inc. .............. 1,600 64,224
Pennsylvania Real Estate Investment
Trust................................ 3,891 145,368
Post Properties, Inc. ................. 4,627 184,849
Prentiss Properties Trust.............. 4,876 198,356
PS Business Parks, Inc. ............... 1,900 93,480
RAIT Investment Trust.................. 2,900 75,168
Ramco-Gershenson Properties Trust...... 2,000 53,300
Realty Income Corp. ................... 9,150 197,823
Reckson Associates Realty Corp. ....... 8,847 318,315
Redwood Trust, Inc. ................... 2,700 111,402
Saul Centers, Inc. .................... 1,200 43,320
Saxon Capital, Inc. ................... 5,791 65,612
Senior Housing Properties Trust........ 6,900 116,679
Shurgard Storage Centers, Inc. (Class
A)................................... 5,000 283,550
SL Green Realty Corp. ................. 4,400 336,116
Sovran Self Storage, Inc. ............. 1,800 84,546
Spirit Finance Corp. .................. 7,300 82,855
Strategic Hotel Capital, Inc. ......... 3,400 69,972
Sun Communities, Inc. ................. 2,200 69,080
Sunstone Hotel Investors, Inc. ........ 5,000 132,850
Tanger Factory Outlet Centers, Inc. ... 3,200 91,968
Taubman Centers, Inc. ................. 5,400 187,650
Town & Country Trust................... 1,900 64,239
Trammell Crow Co. (a).................. 4,100 105,165
Trizec Properties, Inc. ............... 10,100 231,492
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Trustreet Properties, Inc. ............ 6,700 $ 97,954
U-Store-It Trust....................... 5,200 109,460
U.S. Shipping Partners LP ............. 800 17,584
Universal Health Realty Income Trust... 1,300 40,742
Urstadt Biddle Properties (Class A).... 2,200 35,662
Ventas, Inc. .......................... 11,223 359,360
W.P. Carey & Co. LLC................... 3,200 81,152
Washington Real Estate Investment
Trust................................ 4,804 145,801
-----------
14,055,486
-----------
REINSURANCE -- 2.0%
Aspen Insurance Holdings, Ltd. ........ 5,400 127,818
Assured Guaranty, Ltd. ................ 5,700 144,723
Endurance Specialty Holdings, Ltd. .... 6,600 236,610
Enstar Group, Inc. (a)................. 400 26,500
IPC Holdings, Ltd. .................... 5,400 147,852
Max Re Capital, Ltd. .................. 5,000 129,850
Montpelier Re Holdings, Ltd. .......... 9,000 170,100
PartnerRe, Ltd. ....................... 6,000 394,020
RenaissanceRe Holdings, Ltd. .......... 7,800 344,058
Transatlantic Holdings, Inc. .......... 2,900 194,880
-----------
1,916,411
-----------
RESTAURANTS -- 0.7%
Bob Evans Farms, Inc. ................. 4,137 95,399
CKE Restaurants, Inc. ................. 6,200 83,762
Domino's Pizza, Inc. .................. 3,500 84,700
IHOP Corp. ............................ 2,300 107,893
Lone Star Steakhouse & Saloon, Inc. ... 2,073 49,213
Landry's Restaurants, Inc. ............ 2,000 53,420
Ryan's Restaurant Group, Inc. (a)...... 4,829 58,238
Triarc Cos., Inc. (Class B)............ 4,951 73,522
-----------
606,147
-----------
RETAIL -- 0.2%
AFC Enterprises, Inc. (a).............. 2,400 36,288
Ruddick Corp. ......................... 4,100 87,248
Weis Markets, Inc. .................... 900 38,736
-----------
162,272
-----------
RETAIL (DEPARTMENT STORES) -- 0.4%
Dillards, Inc. (Class A)............... 7,386 183,321
Saks, Inc. (a)......................... 13,711 231,167
-----------
414,488
-----------
RETAIL (DISCOUNTERS) -- 0.3%
Big Lots, Inc. (a)..................... 12,438 149,381
Dress Barn, Inc. (a)................... 2,484 95,907
-----------
245,288
-----------
RETAIL (SPECIALTY APPAREL) -- 0.6%
Brown Shoe Co., Inc. .................. 2,000 84,860
Buckle, Inc. .......................... 1,000 32,240
Burlington Coat Factory Warehouse
Corp. ............................... 2,300 92,483
Charming Shoppes, Inc. (a)............. 11,520 152,064
DEB Shops, Inc. ....................... 600 17,838
Stage Stores, Inc. .................... 3,200 95,296
The Cato Corp. (Class A)............... 3,621 77,670
-----------
552,451
-----------
</Table>
See accompanying notes to financial statements.
127
STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
RETAIL (SPECIALTY) -- 1.8%
Asbury Automotive Group, Inc. (a)...... 1,800 $ 29,628
Blockbuster, Inc. (Class A)............ 20,120 75,450
Borders Group, Inc. ................... 7,906 171,323
Casey's General Stores, Inc. .......... 5,066 125,637
Cash America International, Inc. ...... 3,300 76,527
CSK Auto Corp. (a)..................... 4,600 69,368
Group 1 Automotive, Inc. (a)........... 2,400 75,432
Inergy Holdings LP..................... 1,100 39,622
Inergy LP.............................. 3,800 98,534
Jo-Ann Stores, Inc. (a)................ 2,500 29,500
Lithia Motors, Inc. (Class A).......... 1,700 53,448
Longs Drug Stores Corp. ............... 3,200 116,448
Movado Group, Inc. .................... 2,100 38,430
Nu Skin Enterprises, Inc. (Class A).... 6,100 107,238
OfficeMax, Inc. ....................... 7,000 177,520
Pier 1 Imports, Inc. .................. 9,216 80,456
School Specialty, Inc. (a)............. 2,600 94,744
Smart & Final, Inc. (a)................ 1,400 18,032
Sonic Automotive, Inc. (Class A)....... 3,400 75,752
The Pep Boys -- Manny, Moe & Jack...... 5,432 80,882
Zale Corp. (a)......................... 5,600 140,840
-----------
1,774,811
-----------
RETAIL STORES (DRUG STORE) -- 0.2%
Rite Aid Corp. (a)..................... 48,300 168,084
-----------
SAVINGS & LOAN COMPANIES -- 2.0%
Anchor Bancorp Wisconsin, Inc. ........ 2,156 65,413
BankAtlantic Bancorp, Inc. (Class A)... 5,400 75,600
BankUnited Financial Corp. ............ 3,200 85,024
Brookline Bancorp, Inc. ............... 7,100 100,607
Capitol Federal Financial.............. 2,500 82,350
Charter Financial Corp. ............... 500 17,855
Clifton Savings Bancorp, Inc. ......... 1,600 16,096
Dime Community Bancshares.............. 3,879 56,672
Downey Financial Corp. ................ 2,300 157,297
Fidelity Bankshares, Inc. ............. 2,600 85,020
First Financial Holdings, Inc. ........ 1,400 43,008
First Place Financial Corp. ........... 1,700 40,885
FirstFed Financial Corp. (a)........... 1,900 103,588
Flagstar Bancorp, Inc. ................ 3,600 51,840
Flushing Financial Corp. .............. 2,000 31,140
Harbor Florida Bancshares, Inc. ....... 2,500 92,625
Kearny Financial Corp. ................ 2,500 30,500
MAF Bancorp, Inc. ..................... 3,500 144,830
Northwest Bancorp, Inc. ............... 2,400 51,024
OceanFirst Financial Corp. ............ 1,120 25,492
Partners Trust Financial Group,
Inc. ................................ 4,700 56,635
PFF Bancorp, Inc. ..................... 2,600 79,352
Provident New York Bancorp............. 5,300 58,353
United Community Financial Corp. ...... 3,200 37,792
Washington Federal, Inc. .............. 9,382 215,692
Wauwatosa Holdings, Inc. (a)........... 1,200 13,728
World Acceptance Corp. (a)............. 1,900 54,150
WSFS Financial Corp. .................. 700 42,875
-----------
1,915,443
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
SEMICONDUCTORS -- 0.1%
Exar Corp. (a)......................... 4,040 $ 50,581
Veeco Instruments, Inc. (a)............ 3,019 52,319
-----------
102,900
-----------
SERVICES (ADVERTISING/MARKETING) -- 0.1%
Catalina Marketing Corp. .............. 4,900 124,215
-----------
SERVICES (COMMERCIAL & CONSUMER) -- 3.2%
ABM Industries, Inc. .................. 4,600 89,930
ADESA, Inc. ........................... 10,000 244,200
Avnet, Inc. (a)........................ 13,200 316,008
Banta Corp. ........................... 2,600 129,480
BearingPoint, Inc. (a)................. 18,300 143,838
CBIZ, Inc. (a)......................... 7,600 45,752
Central Parking Corp. ................. 2,100 28,812
Chemed Corp. .......................... 2,900 144,072
Compass Minerals International,
Inc. ................................ 3,600 88,344
Deluxe Corp. .......................... 5,400 162,756
Dollar Thrifty Automotive Group (a).... 2,700 97,389
Forrester Research, Inc. (a)........... 1,638 30,712
Gartner, Inc. (a)...................... 6,100 78,690
Jackson Hewitt Tax Service, Inc. ...... 3,700 102,527
Laidlaw International, Inc. ........... 10,900 253,207
Landauer, Inc. ........................ 1,000 46,090
Lincoln Educational Services Corp.
(a).................................. 500 7,130
Macquarie Infrastructure Co. Trust..... 2,800 86,240
McGrath Rentcorp....................... 2,300 63,940
NCO Group, Inc. (a).................... 3,404 57,596
Quanta Services, Inc. (a).............. 11,022 145,160
Service Corp. International............ 33,835 276,770
Sourcecorp, Inc. (a)................... 1,800 43,164
Stewart Enterprises, Inc. (Class A).... 11,149 60,316
Viad Corp. ............................ 2,582 75,730
Volt Information Sciences, Inc. (a).... 1,000 19,020
Washington Group International,
Inc. ................................ 3,000 158,910
Watson Wyatt Worldwide, Inc. (Class
A)................................... 4,800 133,920
-----------
3,129,703
-----------
SERVICES (COMPUTER SYSTEMS) -- 0.1%
Keane, Inc. (a)........................ 6,309 69,462
-----------
SERVICES (DATA PROCESSING) -- 0.2%
CSG Systems International, Inc. (a).... 5,130 114,502
infoUSA, Inc. (a)...................... 4,100 44,813
-----------
159,315
-----------
SERVICES (EMPLOYMENT) -- 0.4%
CDI Corp. ............................. 1,500 41,100
Gevity HR, Inc. ....................... 3,100 79,732
Heidrick & Struggles International,
Inc. (a)............................. 2,200 70,510
Kelly Services, Inc. (Class A)......... 2,200 57,684
MPS Group, Inc. (a).................... 10,982 150,124
-----------
399,150
-----------
SHIPPING -- 0.3%
American Commercial Lines, Inc. (a).... 1,000 30,290
Double Hull Tankers, Inc. (a).......... 1,900 25,023
General Maritime Corp. ................ 4,100 151,864
</Table>
See accompanying notes to financial statements.
128
STREETTRACKS DJ WILSHIRE SMALL CAP VALUE ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Horizon Lines, Inc. ................... 1,400 $ 16,982
Ship Finance International, Ltd. ...... 4,400 74,360
-----------
298,519
-----------
SPECIALTY PRINTING -- 0.1%
Bowne & Co., Inc. ..................... 4,127 61,245
Consolidated Graphics, Inc. (a)........ 1,400 66,276
-----------
127,521
-----------
STEEL -- 1.8%
AK Steel Holding Corp. (a)............. 11,978 95,225
Allegheny Technologies, Inc. .......... 9,000 324,720
Carpenter Technology Corp. ............ 2,500 176,175
Chaparral Steel Co. (a)................ 2,600 78,650
Cleveland-Cliffs, Inc. ................ 2,300 203,711
Gibraltar Industries, Inc. ............ 3,400 77,996
Oregon Steel Mills, Inc. (a)........... 4,000 117,680
Reliance Steel & Aluminum Co. ......... 3,100 189,472
Ryerson Tull, Inc. .................... 2,644 64,302
Schnitzer Steel Industries, Inc. (Class
A)................................... 2,600 79,534
Steel Dynamics, Inc. .................. 4,900 173,999
Worthington Industries, Inc. .......... 7,709 148,090
-----------
1,729,554
-----------
TELECOMMUNICATIONS -- 0.2%
Audiovox Corp. (Class A) (a)........... 2,231 30,922
Commonwealth Telephone Enterprises,
Inc. ................................ 2,400 81,048
RCN Corp. (a).......................... 4,200 98,490
-----------
210,460
-----------
TELEPHONE -- 0.2%
IDT Corp. (Class B) (a)................ 7,900 92,430
Iowa Telecommunications Services,
Inc. ................................ 2,700 41,823
SureWest Communications................ 1,500 39,555
Valor Communications Group, Inc. ...... 4,400 50,160
-----------
223,968
-----------
TEXTILES (APPAREL) -- 0.4%
Kellwood Co. .......................... 3,168 75,652
Oxford Industries, Inc. ............... 1,600 87,520
Phillips-Van Heusen Corp. ............. 4,300 139,320
Russell Corp. ......................... 3,333 44,862
UniFirst Corp. ........................ 1,000 31,100
-----------
378,454
-----------
TOBACCO -- 0.6%
Loews Corp. (Carolina Group)........... 8,502 374,003
Universal Corp. ....................... 2,700 117,072
Vector Group, Ltd. .................... 2,400 43,608
-----------
534,683
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
TRANSPORTATION -- 0.8%
Alexander & Baldwin, Inc. ............. 4,800 $ 260,352
EGL, Inc. (a).......................... 3,400 127,738
Overseas Shipholding Group, Inc. ...... 3,200 161,248
Teekay Shipping Corp. ................. 5,300 211,470
-----------
760,808
-----------
TRUCKING -- 1.0%
Amerco, Inc. (a)....................... 1,000 72,050
Arkansas Best Corp. ................... 2,600 113,568
CNF, Inc. ............................. 5,800 324,162
Ryder Systems, Inc. ................... 7,000 287,140
SIRVA, Inc. (a)........................ 2,900 23,200
Werner Enterprises, Inc. .............. 6,574 129,508
-----------
949,628
-----------
TRUCKS & PARTS -- 0.1%
The Greenbrier Cos., Inc. ............. 1,400 39,760
Wabash National Corp. ................. 3,600 68,580
-----------
108,340
-----------
WATER -- 0.2%
American States Water Co. ............. 1,900 58,520
California Water Service Group......... 2,000 76,460
SJW Corp. ............................. 800 36,400
-----------
171,380
-----------
TOTAL COMMON STOCKS -- (Cost
$89,388,988)......................... 96,499,533
-----------
SHORT TERM INVESTMENTS -- 0.3%
MONEY MARKET FUND -- 0.3%
AIM Short Term Investment Class Prime
Fund (Cost $263,440)................. 263,440 263,440
-----------
TOTAL INVESTMENTS -- 99.8% (Cost
$89,652,428)......................... 96,762,973
OTHER ASSETS AND LIABILITIES -- 0.2% 214,128
-----------
NET ASSETS -- 100.0%................... $96,977,101
===========
(a) Non-income producing security
</Table>
See accompanying notes to financial statements.
129
STREETTRACKS DJ GLOBAL TITANS ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.8%
FINLAND -- 1.3%
Nokia OYJ ADR......................... 63,297 $ 1,158,335
-----------
FRANCE -- 2.3%
Total SA ADR.......................... 16,372 2,069,421
-----------
GERMANY -- 1.1%
Siemens AG ADR........................ 11,914 1,019,719
-----------
ITALY -- 1.1%
Eni SpA ADR........................... 7,248 1,010,806
-----------
JAPAN -- 2.5%
Toyota Motor Corp. ADR................ 21,951 2,296,514
-----------
NETHERLANDS -- 1.1%
ING Groep N.V. ADR.................... 28,328 986,381
-----------
SOUTH KOREA -- 1.4%
Samsung Electronics Co., Ltd. GDR *... 3,900 1,285,050
-----------
SPAIN -- 1.0%
Telefonica SA ADR..................... 20,803 936,551
-----------
SWITZERLAND -- 7.1%
Nestle SA............................. 5,760 1,721,495
Novartis AG ADR....................... 35,424 1,859,052
Roche Holding AG...................... 10,029 1,504,789
UBS AG................................ 14,202 1,351,320
-----------
TOTAL SWITZERLAND..................... 6,436,656
-----------
UNITED KINGDOM -- 17.7%
AstraZeneca PLC ADR................... 22,729 1,104,629
Barclays PLC ADR...................... 23,067 970,659
BP PLC ADR............................ 51,429 3,302,770
GlaxoSmithKline PLC ADR............... 41,568 2,098,353
HBOS PLC.............................. 55,811 952,482
HSBC Holdings PLC ADR................. 32,356 2,603,687
Royal Bank of Scotland Group PLC...... 45,620 1,376,005
Royal Dutch Shell PLC ADR............. 28,528 1,754,187
Vodafone Group PLC ADR................ 87,826 1,885,624
-----------
TOTAL UNITED KINGDOM.................. 16,048,396
-----------
UNITED STATES -- 63.2%
Abbott Laboratories................... 22,247 877,199
Altria Group, Inc. ................... 29,525 2,206,108
American International Group, Inc. ... 32,576 2,222,661
AT&T, Inc. ........................... 56,052 1,372,714
Bank of America Corp. ................ 66,599 3,073,544
BellSouth Corp. ...................... 26,154 708,773
Chevron Corp. ........................ 32,118 1,823,339
Cisco Systems, Inc. (a)............... 93,951 1,608,441
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Citigroup, Inc. ...................... 74,304 $ 3,605,973
ConocoPhillips........................ 18,096 1,052,825
Dell, Inc. (a)........................ 31,253 937,277
Exxon Mobil Corp. .................... 90,819 5,101,303
General Electric Co. ................. 151,388 5,306,149
Intel Corp. .......................... 86,987 2,171,196
International Business Machines
Corp. .............................. 22,780 1,872,516
Johnson & Johnson..................... 42,437 2,550,464
JPMorgan Chase & Co. ................. 50,264 1,994,978
Merck & Co., Inc. .................... 31,485 1,001,538
Microsoft Corp. ...................... 135,367 3,539,847
Morgan Stanley........................ 14,133 801,906
PepsiCo, Inc. ........................ 23,754 1,403,386
Pfizer, Inc. ......................... 106,161 2,475,675
Procter & Gamble Co. ................. 48,775 2,823,097
The Coca-Cola Co. .................... 31,635 1,275,207
The Walt Disney Co. .................. 28,648 686,693
Time Warner, Inc. .................... 62,976 1,098,301
Verizon Communications, Inc. ......... 39,483 1,189,228
Wal-Mart Stores, Inc. ................ 36,870 1,725,516
Wyeth................................. 19,058 878,002
-----------
TOTAL UNITED STATES................... 57,383,856
-----------
TOTAL COMMON STOCKS -- (Cost
$87,317,888)........................ 90,631,685
-----------
SHORT TERM INVESTMENTS -- 0.0% (b)
MONEY MARKET FUND -- 0.0% (b)
AIM Short Term Investment Class Prime
Fund (Cost $100).................... 100 100
-----------
TOTAL INVESTMENTS -- 99.8%
(Cost $87,317,988).................. 90,631,785
OTHER ASSETS AND LIABILITIES -- 0.2% 221,111
-----------
NET ASSETS -- 100.0%.................. $90,852,896
===========
(a) Non-income producing security
(b) Amount Shown represents less than 0.005% of net assets.
* Security purchased pursuant to Rule 144A of the Securities
Act of 1933. This security, which represents 1.4% of net
assets as of December 31, 2005, is considered liquid and
may be resold in transactions exempt from registration,
normally to qualified institutional buyers.
ADR = American Depositary Receipt
GDR = Global Depositary Receipt
</Table>
See accompanying notes to financial statements.
130
STREETTRACKS DJ WILSHIRE REIT ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.4%
REAL ESTATE INVESTMENT TRUST -- 99.4%
Acadia Realty Trust................ 89,957 $ 1,803,638
Affordable Residential
Communities...................... 96,045 915,309
Alexandria Real Estate Equities,
Inc. ............................ 72,931 5,870,945
AMB Property Corp. ................ 277,025 13,621,319
American Campus Communities,
Inc. ............................ 53,872 1,336,026
Amli Residential Properties
Trust............................ 82,416 3,135,929
Apartment Investment & Management
Co. (Class A).................... 306,834 11,619,804
Archstone-Smith Trust.............. 687,294 28,790,746
Arden Realty, Inc. ................ 216,213 9,692,829
Associated Estates Realty Corp. ... 55,808 504,504
Avalonbay Communities, Inc. ....... 235,732 21,039,081
Bedford Property Investors,
Inc. ............................ 49,322 1,082,125
BioMed Realty Trust, Inc. ......... 144,525 3,526,410
Boston Properties, Inc. ........... 364,763 27,039,881
Boykin Lodging Co. (a)............. 56,445 689,758
Brandywine Realty Trust............ 182,087 5,082,048
BRE Properties, Inc. (Class A)..... 164,613 7,486,599
Camden Property Trust.............. 167,722 9,714,458
CarrAmerica Realty Corp. .......... 187,806 6,503,722
CBL & Associates Properties,
Inc. ............................ 194,506 7,684,932
Cedar Shopping Centers, Inc. ...... 92,419 1,300,335
Centerpoint Properties Corp. ...... 156,479 7,742,581
Colonial Properties Trust.......... 145,227 6,096,629
Corporate Office Properties
Trust............................ 128,385 4,562,803
Cousins Properties, Inc. .......... 130,923 3,705,121
Crescent Real Estate Equities
Co. ............................. 322,192 6,385,845
Developers Diversified Realty
Corp. ........................... 351,493 16,527,201
Digital Realty Trust, Inc. ........ 88,517 2,003,140
Duke Realty Corp. ................. 463,373 15,476,658
EastGroup Properties, Inc. ........ 71,095 3,210,650
Education Realty Trust, Inc. ...... 71,395 920,282
Equity Inns, Inc. ................. 171,187 2,319,584
Equity Lifestyle Properties,
Inc. ............................ 68,192 3,034,544
Equity Office Properties Trust..... 1,318,231 39,981,946
Equity One, Inc. .................. 124,054 2,868,128
Equity Residential................. 930,906 36,417,043
Essex Property Trust, Inc. ........ 67,912 6,261,486
Federal Realty Investment Trust.... 170,003 10,310,682
FelCor Lodging Trust, Inc. ........ 151,564 2,608,416
First Industrial Realty Trust,
Inc. ............................ 140,117 5,394,504
First Potomac Realty Trust......... 63,070 1,677,662
General Growth Properties, Inc. ... 723,992 34,020,384
Glenborough Realty Trust, Inc. .... 116,839 2,114,786
Glimcher Realty Trust.............. 115,079 2,798,721
GMH Communities Trust.............. 124,703 1,934,144
Heritage Property Investment
Trust............................ 86,246 2,880,616
Highwoods Properties, Inc. ........ 173,897 4,947,370
Home Properties of New York,
Inc. ............................ 102,142 4,167,394
Hospitality Properties Trust....... 215,957 8,659,876
Host Marriott Corp. ............... 1,055,825 20,007,884
HRPT Properties Trust.............. 680,237 7,040,453
Innkeepers USA Trust............... 137,391 2,198,256
Kilroy Realty Corp. ............... 92,084 5,700,000
Kimco Realty Corp. ................ 692,005 22,199,520
Kite Realty Group Trust............ 89,623 1,386,468
LaSalle Hotel Properties........... 114,579 4,207,341
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Liberty Property Trust............. 286,094 $ 12,259,128
Macerich Co. ...................... 191,773 12,875,639
Mack-Cali Realty Corp. ............ 199,152 8,603,366
Maguire Properties, Inc. .......... 110,376 3,410,618
MeriStar Hospitality Corp. (a)..... 282,876 2,659,034
Mid-America Apartment Communities,
Inc. ............................ 70,489 3,418,716
Mills Corp. ....................... 173,863 7,291,814
New Plan Excel Realty Trust........ 331,479 7,683,683
Pan Pacific Retail Properties,
Inc. ............................ 131,695 8,809,079
Parkway Properties, Inc. .......... 45,625 1,831,388
Pennsylvania Real Estate Investment
Trust............................ 109,097 4,075,864
Post Properties, Inc. ............. 132,086 5,276,836
Prentiss Properties Trust.......... 146,536 5,961,084
ProLogis........................... 786,070 36,725,190
PS Business Parks, Inc. ........... 53,151 2,615,029
Public Storage, Inc. .............. 286,772 19,420,200
Ramco-Gershenson Properties
Trust............................ 54,488 1,452,105
Reckson Associates Realty Corp. ... 261,031 9,391,895
Regency Centers Corp. ............. 197,308 11,631,307
Saul Centers, Inc. ................ 35,689 1,288,373
Shurgard Storage Centers, Inc.
(Class A)........................ 149,032 8,451,605
Simon Property Group, Inc. ........ 716,638 54,915,970
SL Green Realty Corp. ............. 131,680 10,059,035
Sovran Self Storage, Inc. ......... 51,207 2,405,193
Strategic Hotel Capital, Inc. ..... 96,391 1,983,727
Sun Communities, Inc. ............. 59,077 1,855,018
Sunstone Hotel Investors, Inc. .... 155,245 4,124,860
Tanger Factory Outlet Centers,
Inc. ............................ 99,590 2,862,217
Taubman Centers, Inc. ............. 164,662 5,722,004
Town & Country Trust............... 53,433 1,806,570
Trizec Properties, Inc. ........... 299,739 6,870,018
U-Store-It Trust................... 145,531 3,063,428
United Dominion Realty Trust,
Inc. ............................ 444,695 10,423,651
Vornado Realty Trust............... 426,230 35,577,418
Washington Real Estate Investment
Trust............................ 135,351 4,107,903
Weingarten Realty Investors........ 268,685 10,158,980
Winston Hotels, Inc. .............. 85,388 845,341
------------
TOTAL COMMON STOCKS -- (Cost
$751,049,834).................... 802,121,802
------------
SHORT TERM INVESTMENTS -- 0.2%
MONEY MARKET FUND -- 0.2%
AIM Short Term Investment Class
Prime Fund
(Cost $1,620,682)................ 1,620,682 1,620,682
------------
TOTAL INVESTMENTS -- 99.6% (Cost
$752,670,516).................... 803,742,484
OTHER ASSETS AND
LIABILITIES -- 0.4%.............. 3,631,676
------------
NET ASSETS -- 100.0%............... $807,374,160
============
(a) Non-income producing security
</Table>
See accompanying notes to financial statements.
131
STREETTRACKS KBW BANK ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.7%
BANKS (MAJOR REGIONAL) -- 44.3%
Bank of America Corp. ................ 104,086 $ 4,803,569
Comerica, Inc. ....................... 17,032 966,736
Fifth Third Bancorp................... 38,145 1,438,829
Keycorp............................... 35,493 1,168,785
National City Corp. .................. 44,011 1,477,449
PNC Financial Services Group.......... 23,168 1,432,477
SunTrust Banks, Inc. ................. 23,933 1,741,365
U.S. Bancorp.......................... 72,841 2,177,218
Wachovia Corp. ....................... 41,960 2,218,006
Wells Fargo & Co. .................... 70,914 4,455,527
-----------
21,879,961
-----------
BANKS (REGIONAL) -- 12.6%
BB&T Corp. ........................... 38,188 1,600,459
M&T Bank Corp. ....................... 10,870 1,185,374
North Fork Bancorp, Inc. ............. 40,445 1,106,575
Regions Financial Corp. .............. 37,150 1,269,044
Zions Bancorp......................... 13,747 1,038,723
-----------
6,200,175
-----------
CONSUMER FINANCE -- 3.2%
Capital One Financial Corp. .......... 18,408 1,590,451
-----------
FINANCIAL (DIVERSIFIED) -- 31.9%
Citigroup, Inc. ...................... 105,169 5,103,852
JPMorgan Chase & Co. ................. 121,404 4,818,525
Mellon Financial Corp. ............... 39,202 1,342,668
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
Northern Trust Corp. ................. 24,018 $ 1,244,613
State Street Corp. (a)................ 28,109 1,558,363
The Bank of New York Co., Inc. ....... 52,363 1,667,761
-----------
15,735,782
-----------
SAVINGS & LOAN COMPANIES -- 7.7%
Golden West Financial Corp. .......... 23,761 1,568,226
Washington Mutual, Inc. .............. 51,064 2,221,284
-----------
3,789,510
-----------
TOTAL COMMON STOCKS -- (Cost
$48,801,597)........................ 49,195,879
-----------
SHORT TERM INVESTMENTS -- 0.2%
MONEY MARKET FUND -- 0.2%
AIM Short Term Investment Class Prime
Fund
(Cost $102,539)..................... 102,539 102,539
-----------
TOTAL INVESTMENTS -- 99.9%
(Cost $48,904,136).................. 49,298,418
OTHER ASSETS AND
LIABILITIES -- 0.1%................. 43,735
-----------
NET ASSETS -- 100.0%.................. $49,342,153
===========
(a) Affiliated Issuer (Note 3)
</Table>
See accompanying notes to financial statements.
132
STREETTRACKS KBW CAPITAL MARKETS ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 100.0%
BANKS (REGIONAL) -- 1.6%
Investors Financial Services Corp. ... 25,714 $ 947,046
-----------
FINANCIAL (DIVERSIFIED) -- 27.9%
Archipelago Holdings, Inc. (a)........ 18,306 911,090
Chicago Mercantile Exchange Holdings,
Inc. ............................... 7,397 2,718,324
Mellon Financial Corp. ............... 73,708 2,524,499
Nasdaq Stock Market, Inc. (a)......... 36,501 1,284,105
Northern Trust Corp. ................. 42,648 2,210,019
SEI Investments Co. .................. 30,036 1,111,332
State Street Corp. (b)................ 46,534 2,579,845
The Bank of New York Co., Inc. ....... 107,304 3,417,632
-----------
16,756,846
-----------
INVESTMENT BANKING/BROKERAGE -- 54.1%
AG Edwards, Inc. ..................... 26,866 1,258,941
Ameritrade Holding Corp. (a).......... 104,054 2,497,296
E*TRADE Financial Corp. (a)........... 91,498 1,908,648
Goldman Sachs Group, Inc. ............ 46,464 5,933,918
Lehman Brothers Holdings, Inc. ....... 25,971 3,328,703
Merrill Lynch & Co., Inc. ............ 84,969 5,754,950
Morgan Stanley........................ 91,965 5,218,094
Raymond James Financial, Inc. ........ 31,605 1,190,560
The Bear Stearns Cos., Inc. .......... 24,330 2,810,845
The Charles Schwab Corp. ............. 177,649 2,606,111
-----------
32,508,066
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
INVESTMENT MANAGEMENT -- 16.4%
Alliance Capital Management Holding
LP.................................. 27,001 $ 1,525,287
Franklin Resources, Inc. ............. 28,140 2,645,441
Janus Capital Group, Inc. ............ 72,536 1,351,346
Legg Mason, Inc. ..................... 19,080 2,283,685
T. Rowe Price Group, Inc. ............ 27,762 1,999,697
-----------
9,805,456
-----------
TOTAL COMMON STOCKS -- (Cost
$59,338,041)........................ 60,017,414
-----------
SHORT TERM INVESTMENTS -- 0.0%(c)
MONEY MARKET FUND -- 0.0%(c)
AIM Short Term Investment Class Prime
Fund
(Cost $16,461)...................... 16,461 16,461
-----------
TOTAL INVESTMENTS -- 100.0%
(Cost $59,354,502).................. 60,033,875
OTHER ASSETS
AND LIABILITIES -- 0.0% (c)......... 26,416
-----------
NET ASSETS -- 100.0%.................. $60,060,291
===========
(a) Non-income producing security
(b) Affiliated Issuer (Note 3)
(c) Amount shown represents less than 0.005% of net assets.
</Table>
See accompanying notes to financial statements.
133
STREETTRACKS KBW INSURANCE ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.8%
INSURANCE (FINANCIAL GUARANTEE) -- 5.6%
MBIA, Inc. ........................... 32,399 $ 1,949,124
MGIC Investment Corp. ................ 24,268 1,597,320
-----------
3,546,444
-----------
INSURANCE (LIFE/HEALTH) -- 21.8%
AFLAC, Inc. .......................... 56,822 2,637,677
Lincoln National Corp. ............... 37,087 1,966,724
Principal Financial Group, Inc. ...... 57,086 2,707,589
Prudential Financial, Inc. ........... 56,858 4,161,437
UnumProvident Corp. .................. 100,309 2,282,030
-----------
13,755,457
-----------
INSURANCE (MULTI-LINE) -- 40.8%
ACE, Ltd. ............................ 52,166 2,787,751
American International Group, Inc. ... 82,161 5,605,845
Cincinnati Financial Corp. ........... 38,926 1,739,214
Genworth Financial, Inc. (Class A).... 57,500 1,988,350
MetLife, Inc. ........................ 83,177 4,075,673
The Allstate Corp. ................... 78,290 4,233,140
The Hartford Financial Services Group,
Inc. ............................... 40,047 3,439,637
XL Capital, Ltd. (Class A)............ 26,891 1,811,915
-----------
25,681,525
-----------
INSURANCE (PROPERTY/CASUALTY) -- 19.4%
Chubb Corp. .......................... 29,412 2,872,082
Fidelity National Financial, Inc. .... 41,951 1,543,377
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
SAFECO Corp. ......................... 30,767 $ 1,738,335
The Progressive Corp. ................ 27,580 3,220,792
The St. Paul Travelers Cos., Inc. .... 63,465 2,834,982
-----------
12,209,568
-----------
INSURANCE BROKERS -- 8.7%
Aon Corp. ............................ 73,566 2,644,698
Marsh & McLennan Cos., Inc. .......... 88,945 2,824,893
-----------
5,469,591
-----------
REINSURANCE -- 3.5%
Axis Capital Holdings, Ltd. .......... 26,900 841,432
Everest Re Group, Ltd. ............... 13,600 1,364,760
-----------
2,206,192
-----------
TOTAL COMMON STOCKS -- (Cost
$63,104,087)........................ 62,868,777
-----------
SHORT TERM INVESTMENTS -- 0.1%
MONEY MARKET FUND -- 0.1%
AIM Short Term Investment Class Prime
Fund (Cost $58,065)................. 58,065 58,065
-----------
TOTAL INVESTMENTS -- 99.9% (Cost
$63,162,152)........................ 62,926,842
OTHER ASSETS AND
LIABILITIES -- 0.1%................. 62,075
-----------
NET ASSETS -- 100.0%.................. $62,988,917
===========
</Table>
See accompanying notes to financial statements.
134
STREETTRACKS MORGAN STANLEY TECHNOLOGY ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 100.0%
CELLULAR/WIRELESS TELECOMMUNICATIONS -- 3.0%
Motorola, Inc. .................... 210,218 $ 4,748,825
------------
COMMUNICATIONS EQUIPMENT -- 11.4%
Avaya, Inc. (a).................... 444,323 4,740,926
Nokia OYJ ADR...................... 254,183 4,651,549
Nortel Networks Corp. (a).......... 1,453,713 4,448,362
QUALCOMM, Inc. .................... 104,803 4,514,913
------------
18,355,750
------------
COMPUTER SOFTWARE/SERVICES -- 28.5%
eBay, Inc. (a)..................... 102,387 4,428,238
Electronic Arts, Inc. (a).......... 88,133 4,610,237
Google, Inc. (a)................... 10,960 4,546,865
Infosys Technologies, Ltd.......... 59,000 4,770,740
Intuit, Inc. (a)................... 88,601 4,722,433
Microsoft Corp. ................... 174,978 4,575,675
Oracle Corp. (a)................... 371,203 4,532,389
SAP AG ADR......................... 101,682 4,582,808
Symantec Corp. (a)................. 275,700 4,824,750
Yahoo!, Inc. (a)................... 111,345 4,362,497
------------
45,956,632
------------
COMPUTERS (HARDWARE) -- 11.4%
Apple Computer, Inc. (a)........... 65,900 4,737,551
Dell, Inc. (a)..................... 144,437 4,331,666
Hewlett-Packard Co. ............... 162,840 4,662,109
International Business Machines
Corp. ........................... 56,526 4,646,437
------------
18,377,763
------------
COMPUTERS (NETWORKING) -- 5.8%
Cisco Systems, Inc. (a)............ 268,336 4,593,912
Juniper Networks, Inc. (a)......... 215,670 4,809,441
------------
9,403,353
------------
COMPUTERS (PERIPHERALS) -- 5.6%
EMC Corp. (a)...................... 343,579 4,679,546
Network Appliance, Inc. (a)........ 157,696 4,257,792
------------
8,937,338
------------
ELECTRONICS (COMPONENT DISTRIBUTION) -- 3.1%
Jabil Circuit, Inc. (a)............ 134,100 4,973,769
------------
ELECTRONICS (SEMICONDUCTORS) -- 14.1%
Broadcom Corp. (Class A) (a)....... 96,127 4,532,388
Intel Corp. ....................... 178,567 4,457,032
Maxim Integrated Products, Inc. ... 125,152 4,535,509
NVIDIA Corp. (a)................... 127,850 4,674,196
Texas Instruments, Inc. ........... 142,378 4,566,062
------------
22,765,187
------------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
EQUIPMENT (SEMICONDUCTORS) -- 2.8%
Applied Materials, Inc. ........... 248,824 $ 4,463,902
------------
RETAIL (SPECIALTY) -- 2.8%
Amazon.com, Inc. (a)............... 95,753 4,514,754
------------
SERVICES (COMMERCIAL & CONSUMER) -- 5.8%
Accenture, Ltd. (Class A).......... 164,880 4,760,086
VeriSign, Inc. (a)................. 205,800 4,511,136
------------
9,271,222
------------
SERVICES (DATA PROCESSING) -- 5.7%
Automatic Data Processing, Inc. ... 101,084 4,638,745
First Data Corp. .................. 107,292 4,614,629
------------
9,253,374
------------
TOTAL COMMON STOCKS -- (Cost
$161,069,678).................... 161,021,869
------------
SHORT TERM INVESTMENTS -- 0.0% (B)
MONEY MARKET FUND -- 0.0% (B)
AIM Short Term Investment Class
Prime Fund
(Cost $40,572)................... 40,572 40,572
------------
TOTAL INVESTMENTS -- 100.0%
(Cost $161,110,250).............. 161,062,441
OTHER ASSETS AND LIABILITIES -- 0.0% (B) (9,921)
------------
NET ASSETS -- 100.0%............... $161,052,520
============
(a) Non-income producing security
(b) Amount shown represents less than 0.005% of
net assets.
ADR = American Depositary Receipt
</Table>
See accompanying notes to financial statements.
135
SPDR DIVIDEND ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.5%
BANKS (MAJOR REGIONAL) -- 9.9%
Bank of America Corp. ................. 19,102 $ 881,557
Comerica, Inc. ........................ 13,326 756,384
Keycorp................................ 23,649 778,762
U.S. Bancorp........................... 26,400 789,096
-----------
3,205,799
-----------
BANKS (REGIONAL) -- 15.8%
AmSouth Bancorp........................ 29,632 776,655
Associated BancCorp. .................. 20,273 659,886
BB&T Corp. ............................ 17,000 712,470
Fifth Third Bancorp.................... 19,200 724,224
First Horizon National Corp. .......... 24,009 922,906
Mercantile Bankshares Corp. ........... 8,746 493,624
Regions Financial Corp. ............... 24,117 823,837
-----------
5,113,602
-----------
BEVERAGES (ALCOHOLIC) -- 1.5%
Anheuser-Busch Cos., Inc. ............. 11,431 491,076
-----------
BEVERAGES (NON-ALCOHOLIC) -- 1.6%
The Coca-Cola Co. ..................... 12,431 501,094
-----------
CHEMICALS (DIVERSIFIED) -- 3.6%
PPG Industries, Inc. .................. 10,447 604,881
Rohm & Haas Co. ....................... 11,575 560,462
-----------
1,165,343
-----------
CHEMICALS (SPECIALTY) -- 2.0%
RPM, Inc. ............................. 37,296 647,831
-----------
COMPUTER SOFTWARE/SERVICES -- 1.3%
Diebold, Inc. ......................... 11,400 433,200
-----------
DISTRIBUTORS (FOOD & HEALTH) -- 1.2%
SUPERVALU, Inc. ....................... 12,091 392,716
-----------
ELECTRIC UTILITIES -- 7.9%
Black Hills Corp. ..................... 19,462 673,580
Consolidated Edison, Inc. ............. 22,306 1,033,437
WPS Resources Corp. ................... 15,354 849,229
-----------
2,556,246
-----------
ELECTRICAL EQUIPMENT -- 1.4%
Emerson Electric Co. .................. 6,095 455,296
-----------
FOOD PRODUCTS -- 4.7%
ConAgra Foods, Inc. ................... 49,999 1,013,980
Lancaster Colony Corp. ................ 13,799 511,253
-----------
1,525,233
-----------
HAND/MACHINE TOOLS -- 1.5%
The Stanley Works...................... 10,175 488,807
-----------
HEALTH CARE (DRUGS/PHARMACEUTICALS) -- 9.6%
Abbott Laboratories.................... 15,375 606,236
Eli Lilly & Co. ....................... 11,367 643,259
Merck & Co., Inc. ..................... 34,179 1,087,234
Pfizer, Inc. .......................... 33,981 792,437
-----------
3,129,166
-----------
HEALTH CARE (MEDICAL EQUIPMENT/SUPPLIES) -- 1.5%
Hillenbrand Industries, Inc. .......... 9,615 475,077
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 1.3%
Johnson & Johnson...................... 7,144 $ 429,354
-----------
HOUSEHOLD FURNISHINGS & APPLIANCES -- 3.5%
La-Z-Boy, Inc. ........................ 44,700 606,132
Leggett & Platt, Inc. ................. 22,821 523,970
-----------
1,130,102
-----------
HOUSEHOLD PRODUCTS (NON-DURABLE) -- 4.5%
Kimberly-Clark Corp. .................. 10,455 623,641
Procter & Gamble Co. .................. 6,867 397,462
The Clorox Co. ........................ 7,903 449,601
-----------
1,470,704
-----------
INSURANCE (LIFE/HEALTH) -- 1.9%
Jefferson-Pilot Corp. ................. 10,955 623,668
-----------
MANUFACTURING (DIVERSIFIED) -- 3.0%
3M Co. ................................ 5,507 426,792
General Electric Co. .................. 15,798 553,720
-----------
980,512
-----------
NATURAL GAS (DISTRIBUTION/PIPE LINE) -- 12.5%
National Fuel Gas Co. ................. 21,828 680,815
Northwest Natural Gas Co. ............. 23,445 801,350
Piedmont Natural Gas Co., Inc. ........ 34,024 822,020
Vectren Corp. ......................... 33,232 902,581
WGL Holdings, Inc. .................... 28,541 857,943
-----------
4,064,709
-----------
RESTAURANTS -- 1.2%
McDonald's Corp. ...................... 11,300 381,036
-----------
SERVICES (COMMERCIAL & CONSUMER) -- 2.7%
ABM Industries, Inc. .................. 18,722 366,015
Avery Dennison Corp. .................. 9,287 513,292
-----------
879,307
-----------
TELEPHONE -- 1.4%
ALLTEL Corp. .......................... 7,067 445,928
-----------
TEXTILES (APPAREL) -- 1.2%
V. F. Corp. ........................... 7,155 395,958
-----------
TOBACCO -- 2.8%
Altria Group, Inc. .................... 12,230 913,826
-----------
TOTAL COMMON STOCKS -- (Cost
$32,090,501)......................... 32,295,590
-----------
SHORT TERM INVESTMENTS -- 0.2%
MONEY MARKET FUND -- 0.2%
AIM Short Term Investment Class Prime
Fund (Cost $47,301).................. 47,301 47,301
-----------
TOTAL INVESTMENTS -- 99.7%
(Cost $32,137,802)................... 32,342,891
OTHER ASSETS AND
LIABILITIES -- 0.3%.................. 112,826
-----------
NET ASSETS -- 100.0%................... $32,455,717
===========
</Table>
See accompanying notes to financial statements.
136
SPDR O-STRIP ETF
SCHEDULE OF INVESTMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMMON STOCKS -- 99.9%
BANKS (MAJOR REGIONAL) -- 0.3%
Huntington Bancshares, Inc. .......... 5,598 $ 132,952
-----------
BANKS (REGIONAL) -- 2.2%
Compass Bancshares, Inc. ............. 3,017 145,691
Fifth Third Bancorp................... 13,603 513,105
Zions Bancorp......................... 2,568 194,038
-----------
852,834
-----------
BIOTECHNOLOGY -- 10.5%
Amgen, Inc. (a)....................... 30,163 2,378,654
Biogen Idec, Inc. (a)................. 8,279 375,287
Chiron Corp. (a)...................... 2,703 120,176
Genzyme Corp. (a)..................... 6,312 446,763
Gilead Sciences, Inc. (a)............. 11,224 590,719
MedImmune, Inc. (a)................... 6,042 211,591
-----------
4,123,190
-----------
BROADCASTING (TV, RADIO & CABLE) -- 3.5%
Comcast Corp. (Class A) (a)........... 53,125 1,379,125
-----------
CHEMICALS (SPECIALTY) -- 0.3%
Sigma-Aldrich Corp. .................. 1,668 105,568
-----------
COMMUNICATIONS EQUIPMENT -- 5.7%
ADC Telecommunications, Inc. (a)...... 2,892 64,607
Andrew Corp. (a)...................... 3,904 41,890
CIENA Corp. (a)....................... 14,513 43,104
Comverse Technology, Inc. (a)......... 4,941 131,381
JDS Uniphase Corp. (a)................ 40,890 96,501
QUALCOMM, Inc. ....................... 40,202 1,731,902
Tellabs, Inc. (a)..................... 11,118 121,186
-----------
2,230,571
-----------
COMPUTER SOFTWARE/SERVICES -- 30.0%
Adobe Systems, Inc. .................. 14,709 543,645
Autodesk, Inc. ....................... 5,688 244,300
Citrix Systems, Inc. (a).............. 4,362 125,538
Compuware Corp. (a)................... 9,502 85,233
eBay, Inc. (a)........................ 27,938 1,208,318
Electronic Arts, Inc. (a)............. 7,307 382,229
Intuit, Inc. (a)...................... 4,327 230,629
Mercury Interactive Corp. (a)......... 2,124 59,026
Microsoft Corp. ...................... 224,031 5,858,411
Novell, Inc. (a)...................... 9,406 83,055
Oracle Corp. (a)...................... 91,993 1,123,235
Parametric Technology Corp. (a)....... 6,538 39,882
Siebel Systems, Inc. ................. 12,921 136,704
Symantec Corp. (a).................... 26,585 465,237
Yahoo!, Inc. (a)...................... 30,915 1,211,250
-----------
11,796,692
-----------
COMPUTERS (HARDWARE) -- 9.0%
Apple Computer, Inc. (a).............. 20,589 1,480,143
Dell, Inc. (a)........................ 57,558 1,726,165
Sun Microsystems, Inc. (a)............ 83,428 349,563
-----------
3,555,871
-----------
COMPUTERS (NETWORKING) -- 6.5%
Cisco Systems, Inc. (a)............... 150,257 2,572,400
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
COMPUTERS (PERIPHERALS) -- 0.6%
Network Appliance, Inc. (a)........... 9,086 $ 245,322
-----------
DISTRIBUTORS (FOOD & HEALTH) -- 0.3%
Patterson Cos., Inc. (a).............. 3,361 112,257
-----------
ELECTRICAL EQUIPMENT -- 0.2%
American Power Conversion Corp. ...... 4,304 94,688
-----------
ELECTRONICS (COMPONENT DISTRIBUTION) -- 0.1%
Sanmina-SCI Corp. (a)................. 13,225 56,339
-----------
ELECTRONICS (INSTRUMENT) -- 0.2%
Molex, Inc. .......................... 3,490 90,566
-----------
ELECTRONICS (SEMICONDUCTORS) -- 13.3%
Altera Corp. (a)...................... 8,824 163,509
Applied Micro Circuits Corp. (a)...... 7,200 18,504
Broadcom Corp. (Class A) (a).......... 7,117 335,566
Intel Corp. .......................... 147,547 3,682,773
Linear Technology Corp. .............. 7,496 270,381
Maxim Integrated Products, Inc. ...... 7,969 288,797
NVIDIA Corp. (a)...................... 4,194 153,333
PMC-Sierra, Inc. (a).................. 4,758 36,684
QLogic Corp. (a)...................... 1,944 63,199
Xilinx, Inc. ......................... 8,503 214,361
-----------
5,227,107
-----------
EQUIPMENT (SEMICONDUCTORS) -- 2.6%
Applied Materials, Inc. .............. 39,708 712,361
KLA-Tencor Corp. ..................... 4,837 238,609
Novellus Systems, Inc. (a)............ 3,196 77,088
-----------
1,028,058
-----------
FINANCIAL (DIVERSIFIED) -- 0.6%
Northern Trust Corp. ................. 4,552 235,885
-----------
HEALTH CARE (MANAGED CARE) -- 0.8%
Express Scripts, Inc. (Class A) (a)... 3,533 296,065
-----------
HEALTH CARE (MEDICAL PRODUCTS/SUPPLIES) -- 0.6%
Biomet, Inc. ......................... 6,073 222,090
-----------
INSURANCE (MULTI-LINE) -- 0.5%
Cincinnati Financial Corp. ........... 4,280 191,230
-----------
INSURANCE (PROPERTY/CASUALTY) -- 0.4%
SAFECO Corp. ......................... 3,041 171,816
-----------
INVESTMENT BANKING/BROKERAGE -- 1.0%
The Charles Schwab Corp. ............. 25,324 371,503
-----------
INVESTMENT MANAGEMENT -- 0.6%
T. Rowe Price Group, Inc. ............ 3,173 228,551
-----------
RESTAURANTS -- 1.4%
Starbucks Corp. (a)................... 18,837 565,298
-----------
RETAIL -- 0.7%
Whole Foods Market, Inc. ............. 3,400 263,126
-----------
RETAIL (DISCOUNTERS) -- 1.5%
Costco Wholesale Corp. ............... 11,590 573,357
-----------
RETAIL (GENERAL MERCHANDISING CHAIN) -- 0.7%
Sears Holdings Corp. (a).............. 2,456 283,742
-----------
</Table>
See accompanying notes to financial statements.
137
SPDR O-STRIP ETF
SCHEDULE OF INVESTMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
RETAIL (SPECIALTY) -- 2.6%
Amazon.com, Inc. (a).................. 7,539 $ 355,464
Bed Bath & Beyond, Inc. (a)........... 7,279 263,136
Staples, Inc. ........................ 17,940 407,417
-----------
1,026,017
-----------
SERVICES (COMMERCIAL & CONSUMER) -- 1.7%
Apollo Group, Inc. (a)................ 3,535 213,726
Cintas Corp. ......................... 3,350 137,953
Paychex, Inc. ........................ 8,101 308,810
-----------
660,489
-----------
SERVICES (DATA PROCESSING) -- 0.5%
Fiserv, Inc. (a)...................... 4,481 193,893
-----------
SERVICES (EMPLOYMENT) -- 0.3%
Monster Worldwide, Inc. (a)........... 3,044 124,256
-----------
TRUCKS & PARTS -- 0.7%
PACCAR, Inc. ......................... 4,184 289,658
-----------
TOTAL COMMON STOCKS -- (Cost
$41,994,038)........................ 39,300,516
-----------
</Table>
<Table>
<Caption>
SECURITY DESCRIPTION SHARES VALUE
- -------------------- ------ -----
SHORT TERM INVESTMENTS -- 0.1%
MONEY MARKET FUND -- 0.1%
AIM Short Term Investment Class Prime
Fund (Cost $22,310)................. 22,310 $ 22,310
-----------
TOTAL INVESTMENTS -- 100.0%
(Cost $42,016,348).................. 39,322,826
OTHER ASSETS AND
LIABILITIES -- 0.0% (B)............. 17,490
-----------
NET ASSETS -- 100.0%.................. $39,340,316
===========
(a) Non-income producing security
(b) Amount shown represents less than 0.005% of
net assets.
</Table>
See accompanying notes to financial statements.
138
(This page intentionally left blank)
139
STREETTRACKS SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE
TOTAL MARKET LARGE CAP LARGE CAP GROWTH
ETF ETF ETF
------------- ------------- ----------------
ASSETS
Investments in securities of unaffiliated issuers, at
value (Note 2).......................................... $103,285,380 $14,333,473 $142,699,269
Investments in securities of affiliated issuers, at value
(Note 3)................................................ 131,337 21,344 435,758
------------ ----------- ------------
Total Investments....................................... 103,416,717 14,354,817 143,135,027
Cash...................................................... -- -- --
Foreign currency.......................................... -- -- --
Receivable for investments sold........................... -- -- 644,302
Dividends receivable (Note 2)............................. 143,050 16,338 90,005
------------ ----------- ------------
TOTAL ASSETS....................................... 103,559,767 14,371,155 143,869,334
------------ ----------- ------------
LIABILITIES
Payable for investments purchased......................... -- -- 477,603
Due to custodian.......................................... -- -- --
Accrued advisory fee (Note 3)............................. 18,509 2,214 24,589
Accrued trustees fee (Note 3)............................. 1,418 149 1,593
------------ ----------- ------------
TOTAL LIABILITIES.................................. 19,927 2,363 503,785
------------ ----------- ------------
NET ASSETS......................................... $103,539,840 $14,368,792 $143,365,549
============ =========== ============
NET ASSETS REPRESENTED BY:
Paid in capital (Note 4).................................. $104,660,768 $14,194,343 $154,481,214
Undistributed (distribution in excess of) net investment
income.................................................. 2,572 (386) (37,815)
Accumulated net realized gain (loss) on investments and
foreign currency transactions........................... (11,054,557) 3,222 (17,762,387)
Net unrealized appreciation (depreciation) on:
Investments............................................. 9,931,057 171,613 6,684,537
Foreign currency........................................ -- -- --
------------ ----------- ------------
NET ASSETS......................................... $103,539,840 $14,368,792 $143,365,549
============ =========== ============
NET ASSET VALUE PER STREETTRACKS SHARE
Net asset value per streetTRACKS share.................... $ 90.03 $ 57.48 $ 49.43
============ =========== ============
Shares outstanding (unlimited amount authorized, $0.01 par
value).................................................. 1,150,111 250,000 2,900,111
============ =========== ============
Investments in securities, at cost........................ $ 93,485,660 $14,183,204 $136,450,490
============ =========== ============
Foreign currency, at cost................................. $ -- $ -- $ --
============ =========== ============
</Table>
See accompanying notes to financial statements.
140
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE
LARGE CAP VALUE MID CAP MID CAP GROWTH MID CAP VALUE SMALL CAP SMALL CAP GROWTH
ETF ETF ETF ETF ETF ETF
--------------- ------------- -------------- ------------- ------------- ----------------
$98,167,436 $25,515,057 $25,263,643 $26,195,930 $24,349,889 $69,512,649
-- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
98,167,436 25,515,057 25,263,643 26,195,930 24,349,889 69,512,649
-- 46 -- -- -- 398
-- -- -- -- -- --
301,114 78,176 130,430 -- 21,744 180,914
180,887 29,817 15,838 43,896 32,588 36,987
----------- ----------- ----------- ----------- ----------- -----------
98,649,437 25,623,096 25,409,911 26,239,826 24,404,221 69,730,948
----------- ----------- ----------- ----------- ----------- -----------
435,130 -- 77,085 -- -- --
-- -- -- -- -- --
16,881 5,472 5,408 5,605 4,562 14,951
1,301 284 283 291 212 851
----------- ----------- ----------- ----------- ----------- -----------
453,312 5,756 82,776 5,896 4,774 15,802
----------- ----------- ----------- ----------- ----------- -----------
$98,196,125 $25,617,340 $25,327,135 $26,233,930 $24,399,447 $69,715,146
=========== =========== =========== =========== =========== ===========
$99,409,471 $25,066,207 $24,721,431 $25,706,534 $24,345,765 $65,505,754
7,946 5,544 1,081 9,532 3,039 (8,325)
(4,833,881) 17,082 28,133 8,660 (898) (3,445,293)
3,612,589 528,507 576,490 509,204 51,541 7,663,010
-- -- -- -- -- --
----------- ----------- ----------- ----------- ----------- -----------
$98,196,125 $25,617,340 $25,327,135 $26,233,930 $24,399,447 $69,715,146
=========== =========== =========== =========== =========== ===========
$ 70.13 $ 51.23 $ 56.28 $ 52.47 $ 54.22 $ 82.01
=========== =========== =========== =========== =========== ===========
1,400,222 500,000 450,000 500,000 450,000 850,100
=========== =========== =========== =========== =========== ===========
$94,554,847 $24,986,550 $24,687,153 $25,686,726 $24,298,348 $61,849,639
=========== =========== =========== =========== =========== ===========
$ -- $ -- $ -- $ -- $ -- $ --
=========== =========== =========== =========== =========== ===========
</Table>
141
STREETTRACKS SERIES TRUST
STATEMENTS OF ASSETS AND LIABILITIES (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ DJ
SMALL CAP VALUE GLOBAL TITANS WILSHIRE REIT
ETF ETF ETF
--------------- ------------- -------------
ASSETS
Investments in securities of unaffiliated issuers, at
value (Note 2).......................................... $96,762,973 $90,631,785 $803,742,484
Investments in securities of affiliated issuers, at value
(Note 3)................................................ -- -- --
----------- ----------- ------------
Total Investments....................................... 96,762,973 90,631,785 803,742,484
Cash...................................................... -- -- 271
Foreign currency.......................................... -- 124,417 --
Receivable for investments sold........................... -- 672,814 --
Dividends receivable (Note 2)............................. 236,700 181,449 3,819,027
----------- ----------- ------------
TOTAL ASSETS....................................... 96,999,673 91,610,465 807,561,782
----------- ----------- ------------
LIABILITIES
Payable for investments purchased......................... -- 392,256 --
Due to custodian.......................................... -- 325,091 --
Accrued advisory fee (Note 3)............................. 21,288 39,021 176,882
Accrued trustees fee (Note 3)............................. 1,284 1,201 10,740
----------- ----------- ------------
TOTAL LIABILITIES.................................. 22,572 757,569 187,622
----------- ----------- ------------
NET ASSETS......................................... $96,977,101 $90,852,896 $807,374,160
=========== =========== ============
NET ASSETS REPRESENTED BY:
Paid in capital (Note 4).................................. $89,369,702 $93,834,618 $757,947,884
Undistributed (distribution in excess of) net investment
income.................................................. 155,175 (18,712) 2,269,525
Accumulated net realized gain (loss) on investments and
foreign currency transactions........................... 341,679 (6,271,032) (3,915,217)
Net unrealized appreciation (depreciation) on:
Investments............................................. 7,110,545 3,313,797 51,071,968
Foreign currency........................................ -- (5,775) --
----------- ----------- ------------
NET ASSETS......................................... $96,977,101 $90,852,896 $807,374,160
=========== =========== ============
NET ASSET VALUE PER STREETTRACKS SHARE
Net asset value per streetTRACKS share.................... $ 60.58 $ 64.89 $ 67.52
=========== =========== ============
Shares outstanding (unlimited amount authorized, $0.01 par
value).................................................. 1,600,810 1,400,151 11,956,749
=========== =========== ============
Investments in securities, at cost........................ $89,652,428 $87,317,988 $752,670,516
=========== =========== ============
Foreign currency, at cost................................. $ -- $ 128,751 $ --
=========== =========== ============
</Table>
See accompanying notes to financial statements.
142
- --------------------------------------------------------------------------------
<Table>
<Caption>
KBW KBW KBW MORGAN STANLEY SPDR SPDR
BANK CAPITAL MARKETS INSURANCE TECHNOLOGY DIVIDEND O-STRIP
ETF ETF ETF ETF ETF ETF
----------- --------------- ----------- -------------- ----------- -----------
$47,740,055 $57,454,030 $62,926,842 $161,062,441 $32,342,891 $39,322,826
1,558,363 2,579,845 -- -- -- --
----------- ----------- ----------- ------------ ----------- -----------
49,298,418 60,033,875 62,926,842 161,062,441 32,342,891 39,322,826
-- -- -- -- -- --
-- -- -- -- -- --
-- -- -- -- -- 266,439
60,120 45,167 80,866 58,558 121,588 30,005
----------- ----------- ----------- ------------ ----------- -----------
49,358,538 60,079,042 63,007,708 161,120,999 32,464,479 39,619,270
----------- ----------- ----------- ------------ ----------- -----------
-- -- -- -- -- 263,126
-- -- -- -- -- --
15,806 18,065 18,082 67,143 8,368 15,192
579 686 709 1,336 394 636
----------- ----------- ----------- ------------ ----------- -----------
16,385 18,751 18,791 68,479 8,762 278,954
----------- ----------- ----------- ------------ ----------- -----------
$49,342,153 $60,060,291 $62,988,917 $161,052,520 $32,455,717 $39,340,316
=========== =========== =========== ============ =========== ===========
$48,958,471 $59,377,925 $63,155,161 $208,183,871 $32,250,369 $42,398,086
(412) 2,026 3,370 (15,913) 1,130 (1,980)
(10,188) 967 65,696 (47,067,629) (871) (362,268)
394,282 679,373 (235,310) (47,809) 205,089 (2,693,522)
-- -- -- -- -- --
----------- ----------- ----------- ------------ ----------- -----------
$49,342,153 $60,060,291 $62,988,917 $161,052,520 $32,455,717 $39,340,316
=========== =========== =========== ============ =========== ===========
$ 51.94 $ 54.60 $ 52.49 $ 51.95 $ 54.09 $ 52.45
=========== =========== =========== ============ =========== ===========
950,000 1,100,000 1,200,000 3,100,102 600,000 750,000
=========== =========== =========== ============ =========== ===========
$48,904,136 $59,354,502 $63,162,152 $161,110,250 $32,137,802 $42,016,348
=========== =========== =========== ============ =========== ===========
$ -- $ -- $ -- $ -- $ -- $ --
=========== =========== =========== ============ =========== ===========
</Table>
143
STREETTRACKS SERIES TRUST
STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE
TOTAL MARKET LARGE CAP LARGE CAP GROWTH
ETF ETF* ETF
------------ ----------- ----------------
INVESTMENT INCOME
Dividend income on securities of unaffiliated issuers
(Note 2)................................................ $ 977,900 $ 30,881 $ 543,513
Dividend income on securities of affiliated issuers (Note
3)...................................................... 933 73 1,493
Foreign taxes withheld.................................... -- (3) --
---------- -------- ----------
TOTAL INVESTMENT INCOME................................... 978,833 30,951 545,006
---------- -------- ----------
EXPENSES
Advisory fee (Note 3)..................................... 108,408 3,250 115,354
Trustees fee (Note 3)..................................... 4,974 241 6,096
---------- -------- ----------
TOTAL EXPENSES BEFORE WAIVERS............................. 113,382 3,491 121,450
Expenses waived by Adviser (Note 3)....................... -- -- --
---------- -------- ----------
NET EXPENSES.............................................. 113,382 3,491 121,450
---------- -------- ----------
NET INVESTMENT INCOME (LOSS).............................. 865,451 27,460 423,556
---------- -------- ----------
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
Net realized gain (loss) on:
Investments in securities of unaffiliated issuers....... 1,826,783 3,222 890,676
Investments in securities of affiliated issuers......... 1,801 -- (27)
Foreign currency transactions........................... -- -- --
Net change in unrealized appreciation (depreciation) on:
Investments............................................. 4,124,941 171,613 4,299,481
Foreign currency........................................ -- -- --
---------- -------- ----------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
AND FOREIGN CURRENCY............................... 5,953,525 174,835 5,190,130
---------- -------- ----------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS................................................ $6,818,976 $202,295 $5,613,686
========== ======== ==========
</Table>
* For the period November 8, 2005 (commencement of operations) to December 31,
2005.
See accompanying notes to financial statements.
144
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE
LARGE CAP VALUE MID CAP MID CAP GROWTH MID CAP VALUE SMALL CAP SMALL CAP GROWTH
ETF ETF* ETF* ETF* ETF* ETF
--------------- ----------- -------------- ------------- ----------- ----------------
$1,456,344 $ 60,801 $ 22,544 $ 99,193 $45,268 $ 192,066
-- -- -- -- -- --
(59) -- -- -- (25) (153)
---------- -------- -------- -------- ------- ----------
1,456,285 60,801 22,544 99,193 45,243 191,913
---------- -------- -------- -------- ------- ----------
104,186 7,716 7,697 7,906 5,775 75,135
2,595 453 454 464 298 2,781
---------- -------- -------- -------- ------- ----------
106,781 8,169 8,151 8,370 6,073 77,916
-- -- -- -- -- --
---------- -------- -------- -------- ------- ----------
106,781 8,169 8,151 8,370 6,073 77,916
---------- -------- -------- -------- ------- ----------
1,349,504 52,632 14,393 90,823 39,170 113,997
---------- -------- -------- -------- ------- ----------
5,599,584 17,082 28,133 8,660 (898) 3,619,383
-- -- -- -- -- --
-- -- -- -- -- --
(1,732,591) 528,507 576,490 509,204 51,541 1,190,420
-- -- -- -- -- --
---------- -------- -------- -------- ------- ----------
3,866,993 545,589 604,623 517,864 50,643 4,809,803
---------- -------- -------- -------- ------- ----------
$5,216,497 $598,221 $619,016 $608,687 $89,813 $4,923,800
========== ======== ======== ======== ======= ==========
</Table>
145
STREETTRACKS SERIES TRUST
STATEMENTS OF OPERATIONS (CONTINUED)
FOR THE SIX MONTHS ENDED DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ
SMALL CAP VALUE DJ GLOBAL WILSHIRE
ETF TITANS ETF REIT ETF
--------------- ------------- -----------
INVESTMENT INCOME
Dividend income on securities of unaffiliated issuers
(Note 2)................................................ $1,107,603 $1,137,194 $21,213,489
Dividend income on securities of affiliated issuers (Note
3)...................................................... -- -- --
Foreign taxes withheld.................................... (244) (17,706) --
---------- ---------- -----------
TOTAL INVESTMENT INCOME................................... 1,107,359 1,119,488 21,213,489
---------- ---------- -----------
EXPENSES
Advisory fee (Note 3)..................................... 119,053 243,124 999,320
Trustees fee (Note 3)..................................... 2,435 4,751 25,243
---------- ---------- -----------
TOTAL EXPENSES BEFORE WAIVERS............................. 121,488 247,875 1,024,563
Expenses waived by Adviser (Note 3)....................... -- -- --
---------- ---------- -----------
NET EXPENSES.............................................. 121,488 247,875 1,024,563
---------- ---------- -----------
NET INVESTMENT INCOME (LOSS).............................. 985,871 871,613 20,188,926
---------- ---------- -----------
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
Net realized gain (loss) on:
Investments in securities of unaffiliated issuers....... 3,422,900 2,032,097 71,922,266
Investments in securities of affiliated issuers......... -- -- --
Foreign currency transactions........................... -- 2,552 --
Net change in unrealized appreciation (depreciation) on:
Investments............................................. 2,363,025 1,387,572 (41,009,158)
Foreign currency........................................ -- (2,559) --
---------- ---------- -----------
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS
AND FOREIGN CURRENCY............................... 5,785,925 3,419,662 30,913,108
---------- ---------- -----------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS................................................ $6,771,796 $4,291,275 $51,102,034
========== ========== ===========
</Table>
* For the period November 8, 2005 (commencement of operations) to December 31,
2005.
See accompanying notes to financial statements.
146
- --------------------------------------------------------------------------------
<Table>
<Caption>
KBW KBW MORGAN STANLEY SPDR SPDR
BANK KBW CAPITAL INSURANCE TECHNOLOGY DIVIDEND O-STRIP
ETF* MARKETS ETF* ETF* ETF ETF* ETF
-------- --------------- --------- -------------- --------- ----------
$146,316 $ 42,282 $ 167,648 $ 170,025 $200,078 $ 151,302
14,334 8,841 -- -- -- --
-- -- -- (14) -- --
-------- -------- --------- ----------- -------- ----------
160,650 51,123 167,648 170,011 200,078 151,302
-------- -------- --------- ----------- -------- ----------
22,075 26,161 27,021 182,322 15,002 89,461
920 1,117 1,173 3,602 667 2,404
-------- -------- --------- ----------- -------- ----------
22,995 27,278 28,194 185,924 15,669 91,865
-- -- -- -- (2,144) --
-------- -------- --------- ----------- -------- ----------
22,995 27,278 28,194 185,924 13,525 91,865
-------- -------- --------- ----------- -------- ----------
137,655 23,845 139,454 (15,913) 186,553 59,437
-------- -------- --------- ----------- -------- ----------
214,231 (396) 65,696 (2,425,520) (871) 2,955,491
5,224 1,363 -- -- -- --
-- -- -- -- -- --
394,282 679,373 (235,310) 6,202,301 205,089 (842,426)
-- -- -- -- -- --
-------- -------- --------- ----------- -------- ----------
613,737 680,340 (169,614) 3,776,781 204,218 2,113,065
-------- -------- --------- ----------- -------- ----------
$751,392 $704,185 $ (30,160) $ 3,760,868 $390,771 $2,172,502
======== ======== ========= =========== ======== ==========
</Table>
147
streetTRACKS SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ WILSHIRE
TOTAL MARKET LARGE CAP
ETF ETF
--------------------------- --------------
FOR THE SIX FOR THE PERIOD
MONTHS ENDED 11/8/2005*-
12/31/2005 YEAR ENDED 12/31/2005
(UNAUDITED) 6/30/2005 (UNAUDITED)
------------ ------------ --------------
INCREASE (DECREASE) IN NET ASSETS FROM
OPERATIONS:
Net investment income (loss).............................. $ 865,451 $ 2,316,802 $ 27,460
Net realized gain (loss) on investments and foreign
currency transactions................................... 1,828,584 1,267,316 3,222
Net change in unrealized appreciation (depreciation) on
investments and foreign currency transactions........... 4,124,941 4,737,543 171,613
------------ ------------ -----------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS.............................................. 6,818,976 8,321,661 202,295
------------ ------------ -----------
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income..................................... (922,445) (2,301,989) (27,846)
Net realized gains........................................ -- -- --
------------ ------------ -----------
TOTAL DISTRIBUTIONS TO SHAREHOLDERS....................... (922,445) (2,301,989) (27,846)
------------ ------------ -----------
STREETTRACKS TRANSACTIONS:
Net proceeds from streetTRACKS sold....................... -- 16,833,103 14,194,343
Net proceeds from reinvestment of streetTRACKS
distributions........................................... -- 415 --
Cost of streetTRACKS redeemed............................. (8,937,175) (29,501,927) --
------------ ------------ -----------
NET INCREASE (DECREASE) IN NET ASSETS FROM STREETTRACKS
TRANSACTIONS.............................................. (8,937,175) (12,668,409) 14,194,343
------------ ------------ -----------
Net increase (decrease) in net assets during year......... (3,040,644) (6,648,737) 14,368,792
Net assets at beginning of year........................... 106,580,484 113,229,221 --
------------ ------------ -----------
NET ASSETS END OF YEAR (1).................................. $103,539,840 $106,580,484 $14,368,792
============ ============ ===========
SHARES OF BENEFICIAL INTEREST:
streetTRACKS sold......................................... -- 200,000 250,000
streetTRACKS issued in connection with stock splits....... -- -- --
streetTRACKS issued to shareholders from reinvestment
of distributions........................................ -- 5 --
streetTRACKS redeemed..................................... (100,000) (350,000) --
------------ ------------ -----------
NET INCREASE (DECREASE)..................................... (100,000) (149,995) 250,000
============ ============ ===========
(1) Including undistributed (distribution in excess of) net
investment income..................................... $ 2,572 $ 59,566 $ (386)
============ ============ ===========
</Table>
* Commencement of operations
See accompanying notes to financial statements.
148
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE
LARGE CAP GROWTH LARGE CAP VALUE MID CAP MID CAP GROWTH
ETF ETF ETF ETF
--------------------------- --------------------------- -------------- --------------
FOR THE SIX FOR THE SIX FOR THE PERIOD FOR THE PERIOD
MONTHS ENDED YEAR MONTHS ENDED 11/8/2005*- 11/8/2005*-
12/31/2005 ENDED 12/31/2005 YEAR ENDED 12/31/2005 12/31/2005
(UNAUDITED) 6/30/2005 (UNAUDITED) 6/30/2005 (UNAUDITED) (UNAUDITED)
------------- ----------- ------------ ------------ -------------- --------------
$ 423,556 $ 1,199,694 $ 1,349,504 $ 2,779,693 $ 52,632 $ 14,393
890,649 1,039,938 5,599,584 6,538,897 17,082 28,133
4,299,481 (2,972,867) (1,732,591) 3,054,540 528,507 576,490
------------ ----------- ------------ ------------ ----------- -----------
5,613,686 (733,235) 5,216,497 12,373,130 598,221 619,016
------------ ----------- ------------ ------------ ----------- -----------
(469,779) (1,197,644) (1,453,935) (2,748,266) (47,088) (13,312)
-- -- -- -- -- --
------------ ----------- ------------ ------------ ----------- -----------
(469,779) (1,197,644) (1,453,935) (2,748,266) (47,088) (13,312)
------------ ----------- ------------ ------------ ----------- -----------
87,551,761 23,287,331 -- 77,859,015 25,066,207 24,721,431
50 145 1,256 1,728 -- --
(30,311,356) (9,348,211) (41,023,379) (46,399,648) -- --
------------ ----------- ------------ ------------ ----------- -----------
57,240,455 13,939,265 (41,022,123) 31,461,095 25,066,207 24,721,431
------------ ----------- ------------ ------------ ----------- -----------
62,384,362 12,008,386 (37,259,561) 41,085,959 25,617,340 25,327,135
80,981,187 68,972,801 135,455,686 94,369,727 -- --
------------ ----------- ------------ ------------ ----------- -----------
$143,365,549 $80,981,187 $98,196,125 $135,455,686 $25,617,340 $25,327,135
============ =========== ============ ============ =========== ===========
1,800,000 500,000 -- 600,000 500,000 450,000
-- -- 750,102 -- -- --
1 3 18 13 -- --
(650,000) (200,000) (350,000) (350,000) -- --
------------ ----------- ------------ ------------ ----------- -----------
1,150,001 300,003 400,120 250,013 500,000 450,000
============ =========== ============ ============ =========== ===========
$ (37,815) $ 8,408 $ 7,946 $ 112,377 $ 5,544 $ 1,081
============ =========== ============ ============ =========== ===========
</Table>
149
STREETTRACKS SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE
MID CAP VALUE SMALL CAP SMALL CAP GROWTH
ETF ETF ETF
-------------- -------------- ---------------------------
FOR THE PERIOD FOR THE PERIOD FOR THE SIX
11/8/2005*- 11/8/2005*- MONTHS ENDED
12/31/2005 12/31/2005 12/31/2005 YEAR ENDED
(UNAUDITED) (UNAUDITED) (UNAUDITED) 6/30/2005
-------------- -------------- ------------ ------------
INCREASE (DECREASE) IN NET ASSETS FROM
OPERATIONS:
Net investment income (loss)......................... $ 90,823 $ 39,170 $ 113,997 $ 237,580
Net realized gain (loss) on investments and foreign
currency transactions.............................. 8,660 (898) 3,619,383 2,172,723
Net change in unrealized appreciation (depreciation)
on investments and foreign currency transactions... 509,204 51,541 1,190,420 1,686,995
----------- ----------- ----------- ------------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS......................................... 608,687 89,813 4,923,800 4,097,298
----------- ----------- ----------- ------------
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income................................ (81,291) (36,131) (130,109) (231,092)
Net realized gains................................... -- -- -- --
----------- ----------- ----------- ------------
TOTAL DISTRIBUTIONS TO SHAREHOLDERS.................. (81,291) (36,131) (130,109) (231,092)
----------- ----------- ----------- ------------
STREETTRACKS TRANSACTIONS:
Net proceeds from streetTRACKS sold.................. 25,706,534 24,345,765 11,738,729 3,611,237
Net proceeds from reinvestment of streetTRACKS
distributions...................................... -- -- -- --
Cost of streetTRACKS redeemed........................ -- -- -- (10,238,405)
----------- ----------- ----------- ------------
NET INCREASE (DECREASE) IN NET ASSETS FROM STREETTRACKS
TRANSACTIONS......................................... 25,706,534 24,345,765 11,738,729 (6,627,168)
----------- ----------- ----------- ------------
Net increase (decrease) in net assets during year.... 26,233,930 24,399,447 16,532,420 (2,760,962)
Net assets at beginning of year...................... -- -- 53,182,726 55,943,688
----------- ----------- ----------- ------------
NET ASSETS END OF YEAR (1)............................. $26,233,930 $24,399,447 $69,715,146 $ 53,182,726
=========== =========== =========== ============
SHARES OF BENEFICIAL INTEREST:
streetTRACKS sold.................................... 500,000 450,000 150,000 50,000
streetTRACKS issued in connection with stock
splits............................................. -- -- -- --
streetTRACKS issued to shareholders from reinvestment
of distributions................................... -- -- -- --
streetTRACKS redeemed................................ -- -- -- (150,000)
----------- ----------- ----------- ------------
NET INCREASE (DECREASE)................................ 500,000 450,000 150,000 (100,000)
=========== =========== =========== ============
(1) Including undistributed (distribution in excess of)
net investment income............................ $ 9,532 $ 3,039 $ (8,325) $ 7,787
=========== =========== =========== ============
</Table>
* Commencement of operations
See accompanying notes to financial statements.
150
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ GLOBAL DJ WILSHIRE
SMALL CAP VALUE TITANS REIT
ETF ETF ETF
--------------------------- --------------------------- -----------------------------
FOR THE SIX FOR THE SIX FOR THE SIX
MONTHS ENDED MONTHS ENDED MONTHS ENDED
12/31/2005 YEAR ENDED 12/31/2005 YEAR ENDED 12/31/2005 YEAR ENDED
(UNAUDITED) 6/30/2005 (UNAUDITED) 6/30/2005 (UNAUDITED) 6/30/2005
------------ ------------ ------------ ------------ ------------- -------------
$ 985,871 $ 1,800,801 $ 871,613 $ 2,337,305 $ 20,188,926 $ 25,585,546
3,422,900 7,843,730 2,034,649 (997,020) 71,922,266 37,862,596
2,363,025 (976,788) 1,385,013 3,407,654 (41,009,158) 91,226,313
----------- ------------ ------------ ------------ ------------- -------------
6,771,796 8,667,743 4,291,275 4,747,939 51,102,034 154,674,455
----------- ------------ ------------ ------------ ------------- -------------
(1,041,364) (1,787,331) (901,099) (2,307,295) (21,958,585) (24,355,234)
(3,178,795) (4,109,398) -- -- (5,390,964) --
----------- ------------ ------------ ------------ ------------- -------------
(4,220,159) (5,896,729) (901,099) (2,307,295) (27,349,549) (24,355,234)
----------- ------------ ------------ ------------ ------------- -------------
5,828,758 25,981,471 -- 43,268,643 443,249,092 409,443,014
13,279 12,716 454 1,193 133,493 156,225
-- (17,109,374) (19,441,414) (6,388,083) (318,983,809) (327,809,240)
----------- ------------ ------------ ------------ ------------- -------------
5,842,037 8,884,813 (19,440,960) 36,881,753 124,398,776 81,789,999
----------- ------------ ------------ ------------ ------------- -------------
8,393,674 11,655,827 (16,050,784) 39,322,397 148,151,261 212,109,220
88,583,427 76,927,600 106,903,680 67,581,283 659,222,899 447,113,679
----------- ------------ ------------ ------------ ------------- -------------
$96,977,101 $ 88,583,427 $90,852,896 $106,903,680 $807,374,160 $ 659,222,899
=========== ============ ============ ============ ============= =============
100,193 150,000 -- 700,000 5,400,183 2,400,000
1,000,202 -- -- -- 7,802,988 --
218 71 7 19 1,992 863
-- (100,000) (300,000) (100,000) (4,600,000) (1,950,000)
----------- ------------ ------------ ------------ ------------- -------------
1,100,613 50,071 (299,993) 600,019 8,605,163 450,863
=========== ============ ============ ============ ============= =============
$ 155,175 $ 210,668 $ (18,712) $ 10,774 $ 2,269,525 $ 4,039,184
=========== ============ ============ ============ ============= =============
</Table>
151
STREETTRACKS SERIES TRUST
STATEMENTS OF CHANGES IN NET ASSETS (CONTINUED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
KBW KBW KBW
BANK CAPITAL MARKETS INSURANCE
ETF ETF ETF
-------------- --------------- --------------
FOR THE PERIOD FOR THE PERIOD FOR THE PERIOD
11/8/2005*- 11/8/2005*- 11/8/2005*-
12/31/2005 12/31/2005 12/31/2005
(UNAUDITED) (UNAUDITED) (UNAUDITED)
-------------- --------------- --------------
INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS:
Net investment income (loss).............................. $ 137,655 $ 23,845 $ 139,454
Net realized gain (loss) on investments and foreign
currency transactions................................... 219,455 967 65,696
Net change in unrealized appreciation (depreciation) on
investments and foreign currency transactions........... 394,282 679,373 (235,310)
----------- ----------- -----------
NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM
OPERATIONS.............................................. 751,392 704,185 (30,160)
----------- ----------- -----------
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income..................................... (138,067) (21,819) (136,084)
Net realized gains........................................ -- -- --
----------- ----------- -----------
TOTAL DISTRIBUTIONS TO SHAREHOLDERS....................... (138,067) (21,819) (136,084)
----------- ----------- -----------
STREETTRACKS TRANSACTIONS:
Net proceeds from streetTRACKS sold....................... 53,972,922 59,377,925 63,155,161
Net proceeds from reinvestment of streetTRACKS
distributions........................................... -- -- --
Cost of streetTRACKS redeemed............................. (5,244,094) -- --
----------- ----------- -----------
NET INCREASE (DECREASE) IN NET ASSETS FROM STREETTRACKS
TRANSACTIONS.............................................. 48,728,828 59,377,925 63,155,161
----------- ----------- -----------
Net increase (decrease) in net assets during year......... 49,342,153 60,060,291 62,988,917
Net assets at beginning of year........................... -- -- --
----------- ----------- -----------
NET ASSETS END OF YEAR (1).................................. $49,342,153 $60,060,291 $62,988,917
=========== =========== ===========
SHARES OF BENEFICIAL INTEREST:
streetTRACKS sold......................................... 1,050,000 1,100,000 1,200,000
streetTRACKS issued in connection with stock splits....... -- -- --
streetTRACKS issued to shareholders from reinvestment of
distributions........................................... -- -- --
streetTRACKS redeemed..................................... (100,000) -- --
----------- ----------- -----------
NET INCREASE (DECREASE)..................................... 950,000 1,100,000 1,200,000
=========== =========== ===========
(1) Including undistributed(distributions in excess of) net
investment income..................................... $ (412) $ 2,026 $ 3,370
=========== =========== ===========
</Table>
* Commencement of operations
See accompanying notes to financial statements.
152
- --------------------------------------------------------------------------------
<Table>
<Caption>
MORGAN STANLEY SPDR
TECHNOLOGY DIVIDEND SPDR O-STRIP
ETF ETF ETF
----------------------------- -------------- ------------------------------
FOR THE SIX FOR THE PERIOD FOR THE SIX
MONTHS ENDED 11/8/2005*- MONTHS ENDED FOR THE PERIOD
12/31/2005 YEAR ENDED 12/31/2005 12/31/2005 9/9/2004*-
(UNAUDITED) 6/30/2005 (UNAUDITED) (UNAUDITED) 6/30/2005
------------- ------------ -------------- ------------ --------------
$ (15,913) $ 62,613 $ 186,553 $ 59,437 $ 1,467,507
(2,425,520) (3,369,780) (871) 2,955,491 5,551,497
6,202,301 2,027,332 205,089 (842,426) (1,851,096)
------------ ------------ ----------- ------------ ------------
3,760,868 (1,279,835) 390,771 2,172,502 5,167,908
------------ ------------ ----------- ------------ ------------
-- (67,311) (185,423) (63,872) (1,465,052)
-- -- -- (28,214) --
------------ ------------ ----------- ------------ ------------
-- (67,311) (185,423) (92,086) (1,465,052)
------------ ------------ ----------- ------------ ------------
126,745,266 18,874,090 32,250,369 24,548,077 136,830,818
-- -- -- -- --
-- (11,575,186) -- (57,096,063) (70,725,788)
------------ ------------ ----------- ------------ ------------
126,745,266 7,298,904 32,250,369 (32,547,986) 66,105,030
------------ ------------ ----------- ------------ ------------
130,506,134 5,951,758 32,455,717 (30,467,570) 69,807,886
30,546,386 24,594,628 -- 69,807,886 --
------------ ------------ ----------- ------------ ------------
$161,052,520 $ 30,546,386 $32,455,717 $39,340,316 $ 69,807,886
============ ============ =========== ============ ============
2,450,000 400,000 600,000 450,000 1,050,000
-- -- -- -- 800,000
-- -- -- -- --
-- (250,000) -- (1,100,000) (450,000)
------------ ------------ ----------- ------------ ------------
2,450,000 150,000 600,000 (650,000) 1,400,000
============ ============ =========== ============ ============
$ (15,913) $ -- $ 1,130 $ (1,980) $ 2,455
============ ============ =========== ============ ============
</Table>
153
STREETTRACKS SERIES TRUST
FINANCIAL HIGHLIGHTS
SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE
TOTAL MARKET ETF
----------------------------------------------------------------------------
FOR THE
SIX MONTHS
ENDED YEAR YEAR YEAR YEAR FOR THE PERIOD
12/31/2005 ENDED ENDED ENDED ENDED 10/4/2000*-
(UNAUDITED) 6/30/2005 6/30/2004 6/30/2003 6/30/2002 6/30/2001
----------- --------- --------- --------- --------- --------------
NET ASSET VALUE, BEGINNING OF PERIOD
(NOTE 7)............................... $ 85.26 $ 80.87 $ 69.97 $ 71.67 $ 87.13 $ 97.85
-------- -------- -------- ------- ------- -------
INCOME (LOSS) FROM INVESTMENT OPERATIONS:
Net investment income.................... 0.72 1.69 1.17 1.05 1.02 0.72
Net realized and unrealized gain (loss)
(5).................................... 4.82 4.38 10.89 (1.68) (15.49) (10.73)
-------- -------- -------- ------- ------- -------
Total from investment operations......... 5.54 6.07 12.06 (0.63) (14.47) (10.01)
-------- -------- -------- ------- ------- -------
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income.................... (0.77) (1.68) (1.16) (1.07) (0.99) (0.71)
Net realized gains....................... -- -- -- -- -- --
-------- -------- -------- ------- ------- -------
Total distributions...................... (0.77) (1.68) (1.16) (1.07) (0.99) (0.71)
-------- -------- -------- ------- ------- -------
NET ASSET VALUE, END OF PERIOD........... $ 90.03 $ 85.26 $ 80.87 $ 69.97 $ 71.67 $ 87.13
======== ======== ======== ======= ======= =======
TOTAL RETURN (1)......................... 6.51% 7.55% 17.31% (0.77)% (16.69)% (10.22)%
Net assets, end of period (in 000's)..... $103,540 $106,580 $113,229 $80,474 $75,264 $47,933
Ratio of expenses to average net
assets................................. 0.21%(2) 0.21% 0.22% 0.24% 0.23% 0.21%(2)
Ratio of net investment income (loss) to
average net assets..................... 1.60%(2) 2.05% 1.59% 1.65% 1.25% 1.06%(2)
Portfolio turnover rate (3).............. 1% 32% 5% 6% 6% 6%
</Table>
See accompanying notes to Financial Highlights on page 164 and notes to
financial statements.
154
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ WILSHIRE
LARGE CAP ETF LARGE CAP GROWTH ETF
-------------- --------------------------------------------------------------------------------
FOR THE
FOR THE PERIOD SIX MONTHS
11/8/2005*- ENDED YEAR YEAR YEAR YEAR FOR THE PERIOD
12/31/2005 12/31/2005 ENDED ENDED ENDED ENDED 9/25/2000*-
(UNAUDITED) (UNAUDITED) 6/30/2005 6/30/2004 6/30/2003 6/30/2002 6/30/2001
-------------- ----------- ---------- ---------- ---------- ---------- --------------
$ 56.03 $ 46.27 $ 47.56 $ 40.98 $ 41.07 $ 60.81 $ 97.36
------- -------- ------- ------- ------- ------- -------
0.11 0.17 0.71 0.23 0.24(4) 0.16 0.06
1.45 3.16 (1.29) 6.60 (0.10) (19.77) (36.55)
------- -------- ------- ------- ------- ------- -------
1.56 3.33 (0.58) 6.83 0.14 (19.61) (36.49)
------- -------- ------- ------- ------- ------- -------
(0.11) (0.17) (0.71) (0.25) (0.23) (0.13) (0.06)
-- -- -- -- -- -- --
------- -------- ------- ------- ------- ------- -------
(0.11) (0.17) (0.71) (0.25) (0.23) (0.13) (0.06)
------- -------- ------- ------- ------- ------- -------
$ 57.48 $ 49.43 $ 46.27 $ 47.56 $ 40.98 $ 41.07 $ 60.81
======= ======== ======= ======= ======= ======= =======
2.78% 7.22% (1.25)% 16.70% 0.38% (32.29)% (37.48)%
$14,369 $143,366 $80,981 $68,973 $22,542 $16,431 $24,330
0.21%(2) 0.21%(2) 0.21% 0.21% 0.23% 0.25% 0.22%(2)
1.66%(2) 0.73%(2) 1.57% 0.59% 0.64% 0.32% 0.10%(2)
0% 39% 21% 20% 37% 18% 16%
</Table>
155
STREETTRACKS SERIES TRUST
FINANCIAL HIGHLIGHTS
SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE
LARGE CAP VALUE ETF
-------------------------------------------------------------------------------------------
FOR THE
SIX MONTHS
ENDED FOR THE PERIOD
12/31/2005 YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED 9/25/2000*-
(UNAUDITED)(6) 6/30/2005(6) 6/30/2004(6) 6/30/2003(6) 6/30/2002(6) 6/30/2001(6)
-------------- ------------ ------------ ------------ ------------ --------------
NET ASSET VALUE, BEGINNING
OF PERIOD (NOTE 7)....... $ 67.72 $ 62.91 $ 55.76 $ 55.69 $ 64.72 $ 64.74
------- -------- ------- ------- ------- -------
INCOME (LOSS) FROM
INVESTMENT OPERATIONS:
Net investment income...... 0.95 1.70 1.51 1.34 1.17 0.85
Net realized and unrealized
gain (loss) (5).......... 2.47 4.81 7.10 0.09 (9.05) (0.03)
------- -------- ------- ------- ------- -------
Total from investment
operations............... 3.42 6.51 8.61 1.43 (7.88) 0.82
------- -------- ------- ------- ------- -------
DISTRIBUTIONS TO
SHAREHOLDERS FROM:
Net investment income...... (1.01) (1.70) (1.46) (1.36) (1.15) (0.84)
Net realized gains......... -- -- -- -- -- --
------- -------- ------- ------- ------- -------
Total distributions........ (1.01) (1.70) (1.46) (1.36) (1.15) (0.84)
------- -------- ------- ------- ------- -------
NET ASSET VALUE, END OF
PERIOD................... $ 70.13 $ 67.72 $ 62.91 $ 55.76 $ 55.69 $ 64.72
======= ======== ======= ======= ======= =======
TOTAL RETURN (1)........... 5.05% 10.43% 15.54% 2.87% (12.31)% 1.28%
Net assets, end of period
(in 000's)............... $98,196 $135,456 $94,370 $44,616 $38,989 $38,842
Ratio of expenses to
average net assets....... 0.20%(2) 0.21% 0.21% 0.23% 0.24% 0.21%(2)
Ratio of net investment
income (loss) to average
net assets............... 2.59%(2) 2.51% 2.72% 2.54% 1.81% 1.61%(2)
Portfolio turnover rate
(3)...................... 35% 19% 28% 33% 10% 12%
</Table>
See accompanying notes to Financial Highlights on page 164 and notes to
financial statements.
156
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE DJ WILSHIRE
MID CAP MID CAP MID CAP SMALL CAP
ETF GROWTH ETF VALUE ETF ETF
-------------- -------------- -------------- --------------
FOR THE PERIOD FOR THE PERIOD FOR THE PERIOD FOR THE PERIOD
11/8/2005*- 11/8/2005*- 11/8/2005*- 11/8/2005*-
12/31/2005 12/31/2005 12/31/2005 12/31/2005
(UNAUDITED) (UNAUDITED) (UNAUDITED) (UNAUDITED)
-------------- -------------- -------------- --------------
$ 49.18 $ 53.95 $ 50.42 $ 52.42
------- ------- ------- -------
0.11 0.03 0.18 0.09
2.03 2.33 2.03 1.79
------- ------- ------- -------
2.14 2.36 2.21 1.88
------- ------- ------- -------
(0.09) (0.03) (0.16) (0.08)
-- -- -- --
------- ------- ------- -------
(0.09) (0.03) (0.16) (0.08)
------- ------- ------- -------
$ 51.23 $ 56.28 $ 52.47 $ 54.22
======= ======= ======= =======
4.37% 4.38% 4.38% 3.59%
$25,617 $25,327 $26,234 $24,399
0.26%(2) 0.26%(2) 0.26%(2) 0.26%(2)
0.17%(2) 0.46%(2) 2.82%(2) 1.66%(2)
2% 3% 1% 1%
</Table>
157
STREETTRACKS SERIES TRUST
FINANCIAL HIGHLIGHTS
SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE
SMALL CAP GROWTH ETF
--------------------------------------------------------------------------------
FOR THE SIX
MONTHS
ENDED YEAR YEAR YEAR YEAR FOR THE PERIOD
12/31/2005 ENDED ENDED ENDED ENDED 9/25/2000*-
(UNAUDITED) 6/30/2005 6/30/2004 6/30/2003 6/30/2002 6/30/01
----------- ---------- ---------- ---------- ---------- --------------
NET ASSET VALUE, BEGINNING OF PERIOD
(NOTE 7)............................ $ 75.96 $ 69.92 $ 53.55 $ 54.10 $ 79.15 $100.26
------- ------- -------- ------- ------- -------
INCOME (LOSS) FROM INVESTMENT
OPERATIONS:
Net investment income (loss).......... 0.16 0.33 0.39(4) (0.02) 0.00+ (0.09)
Net realized and unrealized gain
(loss) (5).......................... 6.06 6.03 16.30 (0.53) (25.05) (21.02)
------- ------- -------- ------- ------- -------
Total from investment operations...... 6.22 6.36 16.69 (0.55) (25.05) (21.11)
------- ------- -------- ------- ------- -------
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income................. (0.17) (0.32) (0.32) -- -- --
Net realized gains.................... -- -- -- -- -- --
------- ------- -------- ------- ------- -------
Total distributions................... (0.17) (0.32) (0.32) -- -- --
------- ------- -------- ------- ------- -------
NET ASSET VALUE, END OF PERIOD........ $ 82.01 $ 75.96 $ 69.92 $ 53.55 $ 54.10 $ 79.15
======= ======= ======== ======= ======= =======
TOTAL RETURN (1)...................... 8.18% 9.13% 31.19% (1.02)% (31.64)% (21.07)%
Net assets, end of period (in
000's).............................. $69,715 $53,183 $ 55,944 $18,747 $21,647 $19,794
Ratio of expenses to average net
assets.............................. 0.26%(2) 0.26% 0.27% 0.29% 0.30% 0.30%(2)
Ratio of net investment income (loss)
to average net assets............... 0.38%(2) 0.46% 0.59% (0.04)% (0.22)% (0.22)%(2)
Portfolio turnover rate (3)........... 81% 36% 63% 60% 46% 34%
</Table>
See accompanying notes to Financial Highlights on page 164 and notes to
financial statements.
158
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE
SMALL CAP VALUE ETF
-------------------------------------------------------------------------------------------
FOR THE
SIX MONTHS
ENDED FOR THE PERIOD
12/31/2005 YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED 9/25/2000*-
(UNAUDITED)(6) 6/30/2005(6) 6/30/2004(6) 6/30/2003(6) 6/30/2002(6) 6/30/2001(6)
-------------- ------------ ------------ ------------ ------------ --------------
$ 59.03 $ 56.97 $ 45.07 $ 45.17 $ 42.98 $ 34.57
------- ------- ------- ------- ------- -------
0.64(4) 1.14(4) 0.91 1.26 0.96 0.80
3.57 4.55 12.92 0.14 3.82 8.36
------- ------- ------- ------- ------- -------
4.21 5.69 13.83 1.40 4.78 9.16
------- ------- ------- ------- ------- -------
(0.67) (1.14) (0.75) (1.20) (1.01) (0.75)
(1.99) (2.49) (1.18) (0.30) (1.58) --
------- ------- ------- ------- ------- -------
(2.66) (3.63) (1.93) (1.50) (2.59) (0.75)
------- ------- ------- ------- ------- -------
$ 60.58 $ 59.03 $ 56.97 $ 45.07 $ 45.17 $ 42.98
======= ======= ======= ======= ======= =======
7.11% 10.07% 30.92% 3.57% 11.54% 26.69%
$96,977 $88,583 $76,928 $33,813 $54,217 $25,803
0.26%(2) 0.26% 0.27% 0.29% 0.28% 0.28%(2)
2.07%(2) 2.00% 1.88% 2.76% 2.31% 2.70%(2)
84% 33% 54% 43% 29% 47%
</Table>
159
STREETTRACKS SERIES TRUST
FINANCIAL HIGHLIGHTS
SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ GLOBAL TITANS ETF
--------------------------------------------------------------------------------
FOR THE
SIX MONTHS FOR THE PERIOD
ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED 9/25/2000*-
12/31/2005 6/30/2005 6/30/2004 6/30/2003 6/30/2002 6/30/2001
(UNAUDITED ---------- ---------- ---------- ---------- --------------
NET ASSET VALUE, BEGINNING OF PERIOD
(NOTE 7)............................ $ 62.88 $ 61.43 $ 54.04 $ 56.00 $ 70.60 $ 84.28
------- -------- ------- ------- ------- -------
INCOME (LOSS) FROM INVESTMENT
OPERATIONS:
Net investment income................. 0.63 1.47 0.72 0.90(4) 0.62 0.57
Net realized and unrealized gain
(loss) (5).......................... 2.02 1.44 7.60 (1.67) (14.63) (13.67)
------- -------- ------- ------- ------- -------
Total from investment operations...... 2.65 2.91 8.32 (0.77) (14.01) (13.10)
------- -------- ------- ------- ------- -------
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income................. (0.64) (1.46) (0.93) (1.19) (0.59) (0.56)
Net realized gains.................... -- -- -- -- -- --
Capital............................... -- -- -- -- -- (0.02)
------- -------- ------- ------- ------- -------
Total distributions................... (0.64) (1.46) (0.93) (1.19) (0.59) (0.58)
------- -------- ------- ------- ------- -------
NET ASSET VALUE, END OF PERIOD........ $ 64.89 $ 62.88 $ 61.43 $ 54.04 $ 56.00 $ 70.60
======= ======== ======= ======= ======= =======
TOTAL RETURN (1)...................... 4.22% 4.75% 15.47% (1.21)% (19.92)% (15.54)%
Net assets, end of period (in
000's).............................. $90,853 $106,904 $67,581 $10,814 $25,207 $21,189
Ratio of expenses to average net
assets.............................. 0.51%(2) 0.51% 0.51% 0.54% 0.55% 0.52%(2)
Ratio of net investment income (loss)
to average net assets............... 1.79%(2) 2.47% 1.84% 1.77% 1.07% 0.87%(2)
Portfolio turnover rate (3)........... 3% 36% 15% 13% 12% 16%
</Table>
See accompanying notes to Financial Highlights on page 164 and notes to
financial statements.
160
- --------------------------------------------------------------------------------
<Table>
<Caption>
DJ WILSHIRE REIT ETF
-----------------------------------------------------------------------------------------------
FOR THE
SIX MONTHS
ENDED FOR THE PERIOD
12/31/2005 YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED 4/23/2001*-
(UNAUDITED)(6) 6/30/2005(6) 6/30/2004(6) 6/30/2003(6) 6/30/2002(6) 6/30/2001(6)
-------------- ------------- ------------- ------------- ------------- --------------
$ 65.56 $ 51.38 $ 42.59 $ 43.48 $ 40.24 $ 36.41
-------- -------- -------- -------- ------- -------
1.71 2.98(4) 2.59(4) 2.09 2.73(4) 0.47
2.54 14.00 8.69 (0.79) 3.21 3.60
-------- -------- -------- -------- ------- -------
4.25 16.98 11.28 1.30 5.94 4.07
-------- -------- -------- -------- ------- -------
(1.84) (2.80) (2.33) (2.05) (2.47) (0.24)
(0.45) -- (0.16) (0.14) (0.23) --
-- -- -- -- -- --
-------- -------- -------- -------- ------- -------
(2.29) (2.80) (2.49) (2.19) (2.70) (0.24)
-------- -------- -------- -------- ------- -------
$ 67.52 $ 65.56 $ 51.38 $ 42.59 $ 43.48 $ 40.24
======== ======== ======== ======== ======= =======
6.54% 33.64% 26.70% 3.41% 15.53% 11.22%
$807,374 $659,223 $447,114 $121,398 $32,622 $18,121
0.26%(2) 0.26% 0.26% 0.28% 0.30% 0.32%(2)
5.05%(2) 5.06% 5.23% 6.95% 6.74% 6.88%(2)
6% 12% 15% 10% 15% 2%
</Table>
161
STREETTRACKS SERIES TRUST
FINANCIAL HIGHLIGHTS
SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD
- --------------------------------------------------------------------------------
<Table>
<Caption>
KBW CAPITAL KBW
KBW BANK ETF MARKETS ETF INSURANCE ETF
-------------- -------------- --------------
FOR THE PERIOD FOR THE PERIOD FOR THE PERIOD
11/8/2005*- 11/8/2005*- 11/8/2005*-
12/31/2005 12/31/2005 12/31/2005
(UNAUDITED) (UNAUDITED) (UNAUDITED)
-------------- -------------- --------------
NET ASSET VALUE, BEGINNING OF PERIOD (NOTE 7)............... $ 50.17 $ 53.07 $ 52.12
------- ------- -------
INCOME (LOSS) FROM INVESTMENT OPERATIONS:
Net investment income (loss)................................ 0.13 0.02 0.12
Net realized and unrealized gain (loss) (5)................. 1.77 1.53 0.36
------- ------- -------
Total from investment operations............................ 1.90 1.55 0.48
------- ------- -------
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income....................................... (0.13) (0.02) (0.11)
Net realized gains.......................................... -- -- --
------- ------- -------
Total distributions......................................... (0.13) (0.02) (0.11)
------- ------- -------
NET ASSET VALUE, END OF PERIOD.............................. $ 51.94 $ 54.60 $ 52.49
======= ======= =======
TOTAL RETURN (1)............................................ 3.80% 2.93% 0.93%
Net assets, end of period (in 000's)........................ $49,342 $60,060 $62,989
Ratio of expenses to average net assets..................... 0.36%(2) 0.36%(2) 0.36%(2)
Ratio of net investment income (loss) to average net
assets.................................................... 2.14%(2) 0.31%(2) 1.77%(2)
Portfolio turnover rate (3)................................. 2% 2% 10%
</Table>
See accompanying notes to Financial Highlights on page 164 and notes to
financial statements.
162
- --------------------------------------------------------------------------------
<Table>
<Caption>
MORGAN STANLEY TECHNOLOGY ETF
--------------------------------------------------------------------------------
FOR THE
SIX MONTHS
ENDED FOR THE PERIOD
12/31/2005 YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED 9/25/2000*-
(UNAUDITED) 6/30/2005 6/30/2004 6/30/2003 6/30/2002 6/30/2001
----------- ---------- ---------- ---------- ---------- --------------
$ 46.99 $ 49.18 $ 36.67 $ 33.30 $ 58.17 $ 97.81
-------- ------- ------- ------- ------- -------
0.00+ 0.11 (0.09)(4) (0.08) 0.00+ (0.13)
4.96 (2.19) 12.60 3.45 (24.87) (39.51)
-------- ------- ------- ------- ------- -------
4.96 (2.08) 12.51 3.37 (24.87) (39.64)
-------- ------- ------- ------- ------- -------
-- (0.11) -- -- -- --
-- -- -- -- -- --
-------- ------- ------- ------- ------- -------
-- (0.11) -- -- -- --
-------- ------- ------- ------- ------- -------
$ 51.95 $ 46.99 $ 49.18 $ 36.67 $ 33.30 $ 58.17
======== ======= ======= ======= ======= =======
10.57% (4.25)% 34.11% 10.14% (42.77)% (40.52)%
$161,053 $30,546 $24,595 $34,842 $53,276 $72,724
0.51%(2) 0.51% 0.52% 0.53% 0.54% 0.51%(2)
(0.04)%(2) 0.24% (0.20)% (0.21)% (0.30)% (0.30)%(2)
43% 46% 17% 23% 37% 26%
</Table>
163
STREETTRACKS SERIES TRUST
FINANCIAL HIGHLIGHTS
SELECTED DATA FOR A STREETTRACKS SHARE OUTSTANDING THROUGHOUT EACH PERIOD
- --------------------------------------------------------------------------------
<Table>
<Caption>
SPDR SPDR
DIVIDEND O-STRIP
ETF ETF
-------------- --------------------------
FOR THE
FOR THE PERIOD SIX MONTHS FOR THE
11/8/2005*- ENDED PERIOD
12/31/2005 12/31/2005 9/9/2004*-
(UNAUDITED) (UNAUDITED) 6/30/2005(7)
-------------- ----------- ------------
NET ASSET VALUE, BEGINNING OF PERIOD (NOTE 7)............. $ 53.49 $ 49.86 $ 47.96
------- ------- -------
INCOME (LOSS) FROM INVESTMENT OPERATIONS:
Net investment income..................................... 0.31 0.06 1.42
Net realized and unrealized gain (loss) (5)............... 0.60 2.62 1.90
------- ------- -------
Total from investment operations.......................... 0.91 2.68 3.32
------- ------- -------
DISTRIBUTIONS TO SHAREHOLDERS FROM:
Net investment income..................................... (0.31) (0.06) (1.42)
Net realized gains........................................ -- (0.03) --
------- ------- -------
Total distributions....................................... (0.31) (0.09) (1.42)
------- ------- -------
NET ASSET VALUE, END OF PERIOD............................ $ 54.09 $ 52.45 $ 49.86
======= ======= =======
TOTAL RETURN (1).......................................... 1.70% 5.38% 6.77%
Net assets, end of period (in 000's)...................... $32,456 $39,340 $69,808
Ratio of expenses to average net assets................... 0.30%(2) 0.36%(2) 0.36%(2)
Ratio of expense to average net assets before waivers..... 0.35%(2) -- --
Ratio of net investment income (loss) to average net
assets.................................................. 4.27%(2) 0.23%(2) 3.25%(2)
Portfolio turnover rate (3)............................... 14% 8% 8%
</Table>
- ---------------
<Table>
* Commencement of operations
+ Amount is less than $0.005 per share.
(1) Total return is calculated assuming a purchase of shares at
net asset value on the first day and a sale at net asset
value on the last day of each period reported. Distributions
are assumed, for the purpose of this calculation, to be
reinvested at net asset value per share on the respective
payment dates of each Fund. Total return for periods of less
than one year is not annualized. Broker commission charges
are not included in this calculation.
(2) Annualized
(3) Portfolio Turnover rate excludes securities received or
delivered from processing of creations or redemptions on
streetTRACKS.
(4) Per share numbers have been calculated using the average
shares method.
(5) The amounts shown at this caption for a share outstanding
may not accord with the change in aggregate gains and losses
in securities for the fiscal period because of the timing of
sales and repurchases of Fund shares in relation to
fluctuating market values for the Fund.
(6) All per share information shown representing data prior to
September 21, 2005 have been adjusted for the affect of
stock splits which occurred on September 21, 2005, as
follows: DJ Wilshire Large Cap Value ETF 2 for 1; DJ
Wilshire Small Cap Value ETF and DJ Wilshire REIT ETF 3 for
1.
(7) Beginning NAV and distributions to shareholders have been
adjusted for the affect of a 3 for 1 stock split which
occurred on June 15, 2005.
</Table>
See accompanying notes to financial statements.
164
STREETTRACKS SERIES TRUST
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
1. ORGANIZATION
The streetTRACKS Series Trust (the "Trust"), which is registered under the
Investment Company Act of 1940, as amended, is an open-end investment management
company that was organized as a Massachusetts business trust on June 12, 1998.
The Trust currently consists of eighteen portfolios, (each referred to as a
"Fund", collectively as "the Funds") streetTRACKS DJ Wilshire Total Market ETF
(formerly, streetTRACKS Total Market ETF, formerly Fortune 500 Index Fund) ("DJ
Wilshire Total Market ETF"), streetTRACKS DJ Wilshire Large Cap ETF ("DJ
Wilshire Large Cap ETF"), streetTRACKS DJ Wilshire Large Cap Growth ETF
(formerly, streetTRACKS Dow Jones U.S. Large Cap Growth Index Fund) ("DJ
Wilshire Large Cap Growth ETF"), streetTRACKS DJ Wilshire Large Cap Value ETF
(formerly, streetTRACKS Dow Jones U.S. Large Cap Value Index Fund) ("DJ Wilshire
Large Cap Value ETF"), streetTRACKS DJ Wilshire Mid Cap ETF ("DJ Wilshire Mid
Cap ETF"), streetTRACKS DJ Wilshire Mid Cap Growth ETF ("DJ Wilshire Mid Cap
Growth ETF"), streetTRACKS DJ Wilshire Mid Cap Value ETF ("DJ Wilshire Mid Cap
Value ETF"), streetTRACKS DJ Wilshire Small Cap ETF ("DJ Wilshire Small Cap
ETF"), streetTRACKS DJ Wilshire Small Cap Growth ETF (formerly, streetTRACKS Dow
Jones U.S. Small Cap Growth Index Fund) ("DJ Wilshire Small Cap Growth ETF"),
streetTRACKS DJ Wilshire Small Cap Value ETF (formerly, streetTRACKS Dow Jones
U.S. Small Cap Value Index Fund) ("DJ Wilshire Small Cap Value ETF"),
streetTRACKS DJ Global Titans ETF (formerly, streetTRACKS Dow Jones Global
Titans Index Fund) ("DJ Global Titans ETF"), streetTRACKS DJ Wilshire REIT ETF
(formerly, streetTRACKS Wilshire REIT Index Fund) ("DJ Wilshire REIT ETF"),
streetTRACKS KBW Bank ETF ("KBW Bank ETF"), streetTRACKS KBW Capital Markets ETF
("KBW Capital Markets ETF"), streetTRACKS KBW Insurance ETF ("KBW Insurance
ETF"), streetTRACKS Morgan Stanley Technology ETF (formerly, streetTRACKS Morgan
Stanley Technology Index Fund) ("Morgan Stanley Technology ETF"), SPDR Dividend
ETF and SPDR O-Strip ETF, each of which represents a separate series of
beneficial interest in the Trust. DJ Wilshire Large Cap ETF, DJ Wilshire Mid Cap
ETF, DJ Wilshire Mid Cap Growth ETF, DJ Wilshire Mid Cap Value ETF, DJ Wilshire
Small Cap ETF, KBW Bank ETF, KBW Capital Markets ETF, KBW Insurance ETF and SPDR
Dividend ETF commenced operations on November 8, 2005.
2. SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of significant accounting policies followed by the
Trust in the preparation of its financial statements:
The preparation of financial statements in accordance with generally accepted
accounting principles requires management to make estimates and assumptions that
affect the reported amounts and disclosures in the financial statements. Actual
results could differ from those estimates.
SECURITY VALUATION
Portfolio securities are valued based on the last sale price on the exchange
which is deemed to be the principal market for the security. Securities traded
on the NASDAQ are valued at the NASDAQ official close price. Securities
regularly traded in an over-the-counter market are valued at the latest quoted
sale price in such market. Other portfolio securities and assets for which
market quotations are not readily available are valued based on fair value as
determined in good faith by Trust's Pricing and Investment Committee in
accordance with procedures approved by the Board of Trustees.
INVESTMENT INCOME
Dividend income is recorded on the ex-dividend date. Interest income is recorded
on the accrual basis. The value of additional securities received as dividend
payments is recorded as income and as an increase to the cost basis of such
securities.
EXPENSES
Advisory fees, which are directly identifiable to a specific Fund, are applied
to that Fund. Trustees fees are allocated in such a manner as deemed equitable,
taking into consideration the relative net assets of the Funds.
165
STREETTRACKS SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
INVESTMENT TRANSACTIONS
Investment transactions are recorded on the trade date. Realized gains and
losses from the sale or disposition of securities and foreign exchange
transactions are recorded on the identified cost basis. Corporate actions
(including cash dividends) are recorded net of non-reclaimable foreign tax
withholdings.
FOREIGN CURRENCY TRANSLATION AND FOREIGN INVESTMENTS
The accounting records of the Funds are maintained in U.S. dollars. Portfolio
securities and other assets and liabilities denominated in a foreign currency
are translated to U.S. dollars at the prevailing rates of exchange at period
end. Purchases and sales of securities, income receipts and expense payments are
translated into U.S. dollars at the prevailing exchange rate on the respective
dates of transactions. The effects of changes in foreign currency exchange rates
on portfolio investments are included in the net realized and unrealized gains
and losses on investments. Net gains and losses on foreign currency transactions
include disposition of foreign currencies, and currency gains and losses between
the accrual and receipt dates of portfolio investment income and between the
trade and settlement dates of portfolio investment transactions.
Investing in securities of foreign companies and foreign governments involves
special risks and considerations not typically associated with investing in U.S.
companies and securities of the U.S. government. These risks include revaluation
of currencies and the risk of appropriation. Moreover, the markets for
securities of many foreign companies and foreign governments may be less liquid
and the prices of such securities may be more volatile than those of comparable
U.S. companies and the U.S. government.
FEDERAL INCOME TAX
The Funds have qualified and intend to qualify for and elect treatment as a
"regulated investment companies" under Subchapter M of the Internal Revenue Code
of 1986, as amended. By so qualifying and electing, each Fund will not be
subject to federal income taxes to the extent it distributes its taxable income,
including any net realized capital gains, for each fiscal year. In addition, by
distributing during each calendar year substantially all of their net investment
income and capital gains, if any, the Funds will not be subject to federal
excise tax. Income and capital gain distributions are determined in accordance
with income tax regulations which may differ from generally accepted accounting
principles. These book-tax differences are primarily due to differing treatments
for tax equalization, in-kind transactions, REIT's and losses deferred due to
wash sales.
166
STREETTRACKS SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
For the six months ended December 31, 2005, the Funds reclassified non-taxable
security gains and losses realized on the in-kind redemption of Creation Units
(Note 4) as an increase or decrease to paid in capital in the Statements of
Assets and Liabilities as follows:
<Table>
<Caption>
NET GAIN (LOSS)
RECLASS AMOUNT
- ------------------------------------------------------------------------------
DJ Wilshire Total Market ETF $ 1,576,996
DJ Wilshire Large Cap ETF --
DJ Wilshire Large Cap Growth ETF 4,097,672
DJ Wilshire Large Cap Value ETF 5,100,645
DJ Wilshire Mid Cap ETF --
DJ Wilshire Mid Cap Growth ETF --
DJ Wilshire Mid Cap Value ETF --
DJ Wilshire Small Cap ETF --
DJ Wilshire Small Cap Growth ETF --
DJ Wilshire Small Cap Value ETF --
DJ Global Titans ETF 2,258,148
DJ Wilshire REIT ETF 69,770,133
KBW Bank ETF 229,643
KBW Capital Markets ETF --
KBW Insurance ETF --
Morgan Stanley Technology ETF --
SPDR Dividend ETF --
SPDR O-Strip ETF 3,193,043
</Table>
At December 31, 2005, the Funds had capital loss carryforwards which may be
utilized to offset any net realized capital gains expiring June 30:
<Table>
<Caption>
2009 2010 2011 2012 2013
- --------------------------------------------------------------------------------------------------------
DJ Wilshire Total Market ETF $ -- $ 372,167 $ 3,654,485 $ 1,348,494 $ 153,659
DJ Wilshire Large Cap ETF -- -- -- -- --
DJ Wilshire Large Cap Growth ETF 12,048 5,920,273 4,738,409 2,821,107 309,686
DJ Wilshire Large Cap Value ETF -- 417,474 1,235,987 652,025 2,898,052
DJ Wilshire Mid Cap ETF -- -- -- -- --
DJ Wilshire Mid Cap Growth ETF -- -- -- -- --
DJ Wilshire Mid Cap Value ETF -- -- -- -- --
DJ Wilshire Small Cap ETF -- -- -- -- --
DJ Wilshire Small Cap Growth ETF -- 1,103,086 5,875,895 -- --
DJ Wilshire Small Cap Value ETF -- -- -- -- --
DJ Global Titans ETF -- 770,629 1,493,437 984,760 --
DJ Wilshire REIT ETF -- -- -- -- --
KBW Bank ETF -- -- -- -- --
KBW Capital Markets ETF -- -- -- -- --
KBW Insurance ETF -- -- -- -- --
Morgan Stanley Technology ETF 1,836 2,341,875 10,238,030 19,143,628 8,746,932
SPDR Dividend ETF -- -- -- -- --
SPDR O-Strip ETF -- -- -- -- --
</Table>
167
STREETTRACKS SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
The Funds incurred the following losses during the period November 1, 2004
through June 30, 2005 that are deferred for tax purposes until fiscal 2006:
<Table>
<Caption>
DEFERRED LOSSES
- ------------------------------------------------------------------------------
DJ Wilshire Total Market ETF $5,416,066
DJ Wilshire Large Cap ETF --
DJ Wilshire Large Cap Growth ETF 655,092
DJ Wilshire Large Cap Value ETF --
DJ Wilshire Mid Cap ETF --
DJ Wilshire Mid Cap Growth ETF --
DJ Wilshire Mid Cap Value ETF --
DJ Wilshire Small Cap ETF --
DJ Wilshire Small Cap Growth ETF --
DJ Wilshire Small Cap Value ETF --
DJ Global Titans ETF --
DJ Wilshire REIT ETF --
KBW Bank ETF --
KBW Capital Markets ETF --
KBW Insurance ETF --
Morgan Stanley Technology ETF 3,772,078
SPDR Dividend ETF --
SPDR O-Strip ETF 84,417
</Table>
DISTRIBUTIONS
The Trust declares and distributes dividends from net investment income, if any
to its shareholders quarterly. The Trust distributes net realized capital gains,
if any, at least annually. Distributions are recorded on the ex-dividend date.
Income and capital gain distributions are determined in accordance with income
tax regulations, which may differ from accounting principles generally accepted
in the United States.
INDEMNIFICATIONS
Under the Trust's organizational documents, its officers and trustees are
indemnified against certain liability arising out of the performance of their
duties to the Trust. Additionally, in the normal course of business, the Trust
enters into contracts with service providers that contain general
indemnification clauses. The Trust's maximum exposure under these arrangements
is unknown as this could involve future claims that may be made against the
Trust that have not yet occurred. However, based on experience the Trust expects
the risk of loss to be remote.
3. FEES AND COMPENSATION PAID TO AFFILIATES AND OTHER RELATED PARTY
TRANSACTIONS
ADVISORY FEE
Each Fund has entered into an Investment Advisory Agreement with SSgA Funds
Management, Inc. ("The Adviser"). As compensation for the services rendered,
facilities furnished, and expenses borne by the Adviser, each
168
STREETTRACKS SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
Fund pays the Adviser a fee accrued daily and paid monthly, based on a
percentage of each Funds' average daily net assets as shown in the following
table:
<Table>
<Caption>
ANNUAL RATE
- --------------------------------------------------------------------------
DJ Wilshire Total Market ETF 0.20%
DJ Wilshire Large Cap ETF 0.20
DJ Wilshire Large Cap Growth ETF 0.20
DJ Wilshire Large Cap Value ETF 0.20
DJ Wilshire Mid Cap ETF 0.25
DJ Wilshire Mid Cap Growth ETF 0.25
DJ Wilshire Mid Cap Value ETF 0.25
DJ Wilshire Small Cap ETF 0.25
DJ Wilshire Small Cap Growth ETF 0.25
DJ Wilshire Small Cap Value ETF 0.25
DJ Global Titans ETF 0.50
DJ Wilshire REIT ETF 0.25
KBW Bank ETF 0.35
KBW Capital Markets ETF 0.35
KBW Insurance ETF 0.35
Morgan Stanley Technology ETF 0.50
SPDR Dividend ETF 0.35*
SPDR O-Strip ETF 0.35
</Table>
The Adviser pays all expenses of each Fund other than the management fee,
distribution fee pursuant to each Fund's Distribution and Service Plan, if any,
brokerage, taxes, interest, fees and expenses of the Independent Trustees
(including any Trustee's counsel fees), litigation expenses and other
extraordinary expenses.
* The Adviser has contractually agreed to limit its management fee to the extent
necessary to limit annual operating expenses to 0.30% for one year ending
October 31, 2006.
DISTRIBUTOR
State Street Global Markets, LLC (the "Distributor") serves as the distributor
of the shares of each Fund pursuant to a Distribution Plan and Agreement,
pursuant to Rule 12b-1 under the 1940 Act, between the Distributor and the
Trust. Each Fund, with the exception of the DJ Wilshire Total Market Fund, is
authorized to pay an amount of up to 0.25% of its average daily net assets for
certain distribution-related activities. However, management has not implemented
a 12b-1 fee on any of the Funds at this time, and therefore no such payments
have been made to the Distributor.
TRUSTEES' FEES
The Trust pays each Independent Trustee an annual fee of $12,000, and a meeting
fee of $4,500 per board meeting attended. An Independent Trustee will receive
$500 for each meeting attended via telephone or video conference. The Funds will
reimburse the Trustees for any out of pocket expenses related to attending
meetings of the Board of Trustees. The Board of Trustees has an Audit Committee
consisting of all Trustees who are not "interested persons" (as defined in the
1940 Act) of the Trust. The Trustees which are members of the Audit Committee do
not receive additional compensation from the Trust as a result of their position
on the Audit Committee. Trustees independent counsel fees are included as part
of the trustee fees presented on the financial statements.
TRANSACTIONS WITH AFFILIATES
The DJ Wilshire Total Market ETF, DJ Wilshire Large Cap ETF, DJ Wilshire Large
Cap Growth ETF, KBW Bank ETF and KBW Capital Markets ETF have invested in
affiliated companies. These investments represent 0.13%,
169
STREETTRACKS SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
0.15%, 0.30%, 3.16% and 4.30%, respectively, of net assets at December 31, 2005.
Amounts relating to these investments at December 31, 2005 and for the period
ended are:
DJ WILSHIRE TOTAL MARKET ETF:
<Table>
<Caption>
SHARES PURCHASED SHARES SOLD FOR
NUMBER OF SHARES FOR THE SIX MONTHS THE SIX MONTHS NUMBER OF SHARES
SECURITY DESCRIPTION HELD AT 6/30/05 12/31/05 12/31/05 HELD AT 12/31/05
- -------------------------------------------------------------------------------------------------------
State Street Corp. 2,796 0 427 2,369
</Table>
<Table>
<Caption>
REALIZED GAIN ON
INCOME EARNED FOR SHARES SOLD DURING THE
THE SIX MONTHS SIX MONTHS ENDED
SECURITY DESCRIPTION ENDED 12/31/05 12/31/05
- -----------------------------------------------------------------------------------------------------
State Street Corp. $933 $1,801
</Table>
DJ WILSHIRE LARGE CAP ETF:
<Table>
<Caption>
SHARES PURCHASED SHARES SOLD FOR
NUMBER OF SHARES FOR THE PERIOD THE PERIOD NUMBER OF SHARES
SECURITY DESCRIPTION HELD AT 11/8/05* 11/8/05*-12/31/05 11/8/05*-12/31/05 HELD AT 12/31/05
- ----------------------------------------------------------------------------------------------------
State Street Corp. 0 385 0 385
</Table>
<Table>
<Caption>
REALIZED GAIN (LOSS)
INCOME EARNED FOR ON SHARES SOLD DURING
THE PERIOD THE PERIOD
SECURITY DESCRIPTION 11/8/05*-12/31/05 11/8/05*-12/31/05
- -----------------------------------------------------------------------------------------------------
State Street Corp. $73 $0
</Table>
DJ WILSHIRE LARGE CAP GROWTH ETF:
<Table>
<Caption>
SHARES PURCHASED SHARES SOLD FOR
NUMBER OF SHARES FOR THE SIX MONTHS THE SIX MONTHS NUMBER OF SHARES
SECURITY DESCRIPTION HELD AT 6/30/05 ENDED 12/31/05 ENDED 12/31/05 HELD AT 12/31/05
- -------------------------------------------------------------------------------------------------------
State Street Corp. 0 8,160 300 7,860
</Table>
<Table>
<Caption>
INCOME EARNED FOR REALIZED LOSS ON SHARES
THE SIX MONTHS SOLD DURING THE SIX
SECURITY DESCRIPTION ENDED 12/31/05 MONTHS ENDED 12/31/05
- ------------------------------------------------------------------------------------------------------
State Street Corp. $1,493 $(27)
</Table>
KBW BANK ETF:
<Table>
<Caption>
SHARES PURCHASED SHARES SOLD FOR
NUMBER OF SHARES FOR THE PERIOD THE PERIOD NUMBER OF SHARES
SECURITY DESCRIPTION HELD AT 11/8/05* 11/8/05*-12/31/05 11/8/05*-12/31/05 HELD AT 12/31/05
- ----------------------------------------------------------------------------------------------------
State Street Corp. 0 31,171 3,062 28,109
</Table>
<Table>
<Caption>
INCOME EARNED FOR REALIZED GAIN ON SHARES SOLD
THE PERIOD DURING THE PERIOD
SECURITY DESCRIPTION 11/8/05*-12/31/05 11/8/05*-12/31/05
- -------------------------------------------------------------------------------------------------------
State Street Corp. $14,334 $5,224
</Table>
170
STREETTRACKS SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
KBW CAPITAL MARKET ETF:
<Table>
<Caption>
SHARES PURCHASED SHARES SOLD FOR
NUMBER OF SHARES FOR THE PERIOD THE PERIOD NUMBER OF SHARES
SECURITY DESCRIPTION HELD AT 11/8/05* 11/8/05*-12/31/05 11/8/05*-12/31/05 HELD AT 12/31/05
- ----------------------------------------------------------------------------------------------------
State Street Corp. 0 49,434 2,900 46,534
</Table>
<Table>
<Caption>
INCOME EARNED FOR REALIZED GAIN ON SHARES SOLD
THE PERIOD DURING THE PERIOD
SECURITY DESCRIPTION 11/8/05*-12/31/05 11/8/05*-12/31/05
- -------------------------------------------------------------------------------------------------------
State Street Corp. $8,841 $1,363
</Table>
* Commencement of operations
4. SHAREHOLDER TRANSACTIONS
Except for under the Trust's dividend reinvestment plan, streetTRACKS are issued
and redeemed by a Fund only in Creation Unit size aggregations of 50,000
streetTRACKS shares. Such transactions are only permitted on an in-kind basis,
with a separate cash payment, which is a balancing cash component to equate the
transaction to the net asset value per unit of the Fund on the transaction date.
Transaction fees at scheduled amounts ranging from $250 to $4,500 per Creation
Unit are charged to those persons creating or redeeming Creation Units.
Transaction fees are received by the Custodian and used to offset the expense of
processing orders.
5. AGGREGATE UNREALIZED APPRECIATION AND DEPRECIATION
The identified cost of investments in securities owned by each Fund for federal
income tax purposes was substantially the same as the cost for financial
reporting purposes. Accordingly, gross unrealized appreciation and depreciation
at December 31, 2005 were as follows:
<Table>
<Caption>
GROSS GROSS NET UNREALIZED
IDENTIFIED UNREALIZED UNREALIZED APPRECIATION
COST APPRECIATION DEPRECIATION (DEPRECIATION)
- -------------------------------------------------------------------------------------------------------
DJ Wilshire Total Market ETF $ 93,485,660 $17,023,147 $ 7,092,090 $ 9,931,057
DJ Wilshire Large Cap ETF 14,183,204 337,434 165,821 171,613
DJ Wilshire Large Cap Growth ETF 136,450,490 9,245,239 2,560,702 6,684,537
DJ Wilshire Large Cap Value ETF 94,554,847 7,470,450 3,857,861 3,612,589
DJ Wilshire Mid Cap ETF 24,986,550 876,640 348,133 528,507
DJ Wilshire Mid Cap Growth ETF 24,687,153 960,494 384,004 576,490
DJ Wilshire Mid Cap Value ETF 25,686,726 816,904 307,700 509,204
DJ Wilshire Small Cap ETF 24,298,348 625,275 573,734 51,541
DJ Wilshire Small Cap Growth ETF 61,849,639 9,508,394 1,845,384 7,663,010
DJ Wilshire Small Cap Value ETF 89,652,428 9,141,288 2,030,743 7,110,545
DJ Global Titans ETF 87,317,988 7,345,616 4,031,819 3,313,797
DJ Wilshire REIT ETF 752,670,516 59,502,666 8,430,698 51,071,968
KBW Bank ETF 48,904,136 757,689 363,407 394,282
KBW Capital Markets ETF 59,354,502 1,319,209 639,836 679,373
KBW Insurance ETF 63,162,152 754,823 990,133 (235,310)
Morgan Stanley Technology ETF 161,110,250 6,058,601 6,106,410 (47,809)
SPDR Dividend ETF 32,137,802 701,941 496,852 205,089
SPDR O-Strip ETF 42,016,348 712,174 3,405,696 (2,693,522)
</Table>
171
STREETTRACKS SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
6. INVESTMENT TRANSACTIONS
For the six months ended December 31, 2005, the Trust had in-kind contributions
and in-kind redemptions as follows:
<Table>
<Caption>
SUBSCRIPTIONS REDEMPTIONS
- ------------------------------------------------------------------------------------------
DJ Wilshire Total Market ETF $ -- $ 8,936,831
DJ Wilshire Large Cap ETF 14,083,490 --
DJ Wilshire Large Cap Growth ETF 86,803,095 30,301,717
DJ Wilshire Large Cap Value ETF -- 41,021,482
DJ Wilshire Mid Cap ETF 24,959,079 --
DJ Wilshire Mid Cap Growth ETF 24,555,977 --
DJ Wilshire Mid Cap Value ETF 25,655,133 --
DJ Wilshire Small Cap ETF 24,326,259 --
DJ Wilshire Small Cap Growth ETF 11,738,636 --
DJ Wilshire Small Cap Value ETF 5,827,352 --
DJ Global Titans ETF -- 18,063,317
DJ Wilshire REIT ETF 441,759,079 318,961,600
KBW Bank ETF 53,959,092 5,244,038
KBW Capital Markets ETF 59,383,887 --
KBW Insurance ETF 63,141,878 --
Morgan Stanley Technology ETF 126,739,275 --
SPDR Dividend ETF 32,248,555 --
SPDR O-Strip ETF 24,549,437 57,094,684
</Table>
For the six months ended December 31, 2005, the Trust had purchases and sales of
investment securities as follows:
<Table>
<Caption>
PURCHASES SALES
- ---------------------------------------------------------------------------------------
DJ Wilshire Total Market ETF $ 2,124,778 $ 1,501,755
DJ Wilshire Large Cap ETF 120,481 26,581
DJ Wilshire Large Cap Growth ETF 45,380,954 44,688,508
DJ Wilshire Large Cap Value ETF 37,488,128 37,071,878
DJ Wilshire Mid Cap ETF 533,226 581,717
DJ Wilshire Mid Cap Growth ETF 986,949 977,285
DJ Wilshire Mid Cap Value ETF 294,082 239,250
DJ Wilshire Small Cap ETF 224,592 271,587
DJ Wilshire Small Cap Growth ETF 50,177,372 50,343,252
DJ Wilshire Small Cap Value ETF 80,428,954 83,865,075
DJ Global Titans ETF 3,389,744 4,889,674
DJ Wilshire REIT ETF 51,146,904 48,843,683
KBW Bank ETF 892,591 1,025,503
KBW Capital Markets ETF 1,049,086 1,095,899
KBW Insurance ETF 5,781,552 5,885,038
Morgan Stanley Technology ETF 32,679,083 32,669,584
SPDR Dividend ETF 4,408,379 4,565,562
SPDR O-Strip ETF 3,994,792 4,040,654
</Table>
172
STREETTRACKS SERIES TRUST
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
For the period ended December 31, 2005, there were no brokerage commissions on
investment transactions paid to State Street Corporation.
7. INITIAL CAPITALIZATION AND OFFERING OF SHARES
On the commencement of operations for each Fund (September 25, 2000, for the DJ
Wilshire Large Cap Growth ETF, DJ Wilshire Large Cap Value ETF, DJ Wilshire
Small Cap Growth ETF, DJ Wilshire Small Cap Value ETF, DJ Global Titans ETF, and
Morgan Stanley Technology ETF , October 4, 2000, for the DJ Wilshire Total
Market ETF, April 23, 2001 for the DJ Wilshire REIT ETF), the Board of Trustees
declared reverse stock splits, which were effective on the date of commencement
of operations for each Fund. The reverse stock splits were executed in order to
align the net asset value per share of each Fund to an established proportion of
its benchmark index.
The ratio of the reverse stock splits were as follows:
<Table>
<Caption>
FUND RATIO
- -----------------------------------------------------------------------
Dow Jones Wilshire Total Market ETF 1:9.785
Dow Jones Wilshire Large Cap Growth ETF 1:9.736
Dow Jones Wilshire Large Cap Value ETF 1:12.948
Dow Jones Wilshire Small Cap Growth ETF 1:10.026
Dow Jones Wilshire Small Cap Value ETF 1:10.371
Dow Jones Global Titans ETF 1:8.428
Dow Jones Wilshire REIT ETF 1:10.922
Morgan Stanley Technology ETF 1:9.781
</Table>
8. OTHER INFORMATION
On August 22, 2005, the Board of Trustees approved a stock split for each of the
following Funds. The stock splits were payable on September 21, 2005.
<Table>
<Caption>
FUND RATIO OF SPLIT
- -----------------------------------------------------------------------------
DJ Wilshire Large Cap Value ETF 2:1
DJ Wilshire Small Cap Value ETF 3:1
DJ Wilshire REIT ETF 3:1
</Table>
173
STREETTRACKS SERIES TRUST
OTHER INFORMATION
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
FREQUENCY DISTRIBUTION OF DISCOUNTS AND PREMIUMS
CLOSING PRICE VS. NAV AS OF DECEMBER 31, 2005
The following Frequency Distribution of Discounts and Premiums charts are
provided to show the frequency at which the closing price (last trade) for each
of the Funds was at a discount or premium to the daily net asset value (NAV).
The following charts are for comparative purposes only and represent the periods
noted.
DJ Wilshire Total Market ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05 1 0 0 0 0
09/30/05 2 0 0 2 0
06/30/05 4 0 0 0 3
03/31/05 1 0 1 0 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0 0 0 1 0
09/30/04 0 0 0 0 0
06/30/04 1 0 0 0 0
03/31/04 1 0 0 1 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 0 0 0 0 0
09/30/03 0 0 0 0 0
06/30/03 0 0 0 3 0
03/31/03 1 0 0 1 0
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 1 0 0 1 0
09/30/02 0 1 0 4 0
06/30/02 0 0 0 1 1
03/31/02 0 0 0 0 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 1 0 0 1 0
09/30/01 3 1 0 1 0
06/30/01 5 0 0 3 1
03/31/01 4 2 0 7 0
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 8 4 0 7 2
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05 0
09/30/05 0
06/30/05 0
03/31/05 0
------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0
09/30/04 0
06/30/04 0
03/31/04 0
------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 0
09/30/03 0
06/30/03 0
03/31/03 0
------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 0
09/30/02 0
06/30/02 0
03/31/02 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 0
09/30/01 0
06/30/01 0
03/31/01 0
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 4
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on October 10, 2000
174
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
DJ Wilshire Large Cap ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05* 5 0 1 3 0
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on November 15, 2005.
DJ Wilshire Large Cap Growth ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05 1 0 0 1 0
09/30/05 2 0 0 0 0
06/30/05 3 0 0 2 0
03/31/05 0 0 0 0 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 2 0 0 1 0
09/30/04 1 0 0 3 0
06/30/04 3 0 0 0 0
03/31/04 4 2 0 0 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 6 0 0 5 0
09/30/03 5 2 0 4 2
06/30/03 4 2 0 5 0
03/31/03 6 3 0 6 3
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 17 8 3 5 4
09/30/02 10 8 2 8 6
06/30/02 6 6 0 3 2
03/31/02 7 1 1 3 3
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 11 4 0 10 5
09/30/01 8 5 9 3 4
06/30/01 8 9 4 7 2
03/31/01 8 6 11 3 4
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 7 9 13 3 7
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05 0
09/30/05 0
06/30/05 0
03/31/05 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0
09/30/04 0
06/30/04 0
03/31/04 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 0
09/30/03 0
06/30/03 0
03/31/03 0
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 2
09/30/02 0
06/30/02 0
03/31/02 1
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 0
09/30/01 2
06/30/01 3
03/31/01 5
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 14
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on September 29, 2000.
175
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
DJ Wilshire Large Cap Value ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05 1 0 0 3 0
09/30/05 0 0 0 4 0
06/30/05 2 0 0 4 0
03/31/05 3 0 0 2 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 1 0 0 0 1
09/30/04 2 0 0 4 0
06/30/04 4 1 0 2 0
03/31/04 0 0 0 0 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 1 0 0 3 0
09/30/03 4 0 0 1 1
06/30/03 4 2 0 3 2
03/31/03 8 2 1 6 2
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 4 4 1 6 1
09/30/02 10 3 4 10 5
06/30/02 4 0 0 1 0
03/31/02 2 0 0 3 1
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 5 0 0 6 5
09/30/01 7 11 4 3 7
06/30/01 4 2 0 5 7
03/31/01 5 3 3 6 8
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 8 2 0 5 4
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05 0
09/30/05 0
06/30/05 0
03/31/05 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0
09/30/04 0
06/30/04 0
03/31/04 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 0
09/30/03 0
06/30/03 0
03/31/03 0
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 0
09/30/02 1
06/30/02 0
03/31/02 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 0
09/30/01 0
06/30/01 0
03/31/01 1
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 4
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on September 29, 2000
176
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
DJ Wilshire Mid Cap ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05* 6 0 0 0 0
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
DJ Wilshire Mid Cap Growth ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05* 1 0 0 2 0
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
DJ Wilshire Mid Cap Value ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05* 1 0 0 0 0
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
DJ Wilshire Small Cap ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05* 1 1 0 3 0
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on November 15, 2005.
177
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
DJ Wilshire Small Cap Growth ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05 2 2 0 0 0
09/30/05 0 0 0 0 0
06/30/05 3 0 0 5 0
03/31/05 3 1 1 2 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 5 1 0 1 1
09/30/04 2 0 0 5 1
06/30/04 3 0 0 3 0
03/31/04 0 0 0 1 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 2 0 0 4 0
09/30/03 3 0 0 2 0
06/30/03 2 1 0 1 1
03/31/03 7 3 0 4 4
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 9 6 1 7 2
09/30/02 5 4 2 8 4
06/30/02 6 2 0 6 0
03/31/02 4 0 0 4 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 8 0 0 3 2
09/30/01 5 2 1 2 0
06/30/01 8 4 2 6 3
03/31/01 7 7 10 7 7
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 6 9 3 6 6
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05 0
09/30/05 0
06/30/05 0
03/31/05 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0
09/30/04 0
06/30/04 0
03/31/04 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 0
09/30/03 0
06/30/03 0
03/31/03 0
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 1
09/30/02 1
06/30/02 0
03/31/02 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 0
09/30/01 0
06/30/01 0
03/31/01 1
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 12
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on September 29, 2000
178
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
DJ Wilshire Small Cap Value ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05 0 1 0 0 0
09/30/05 3 1 0 7 0
06/30/05 3 2 0 5 3
03/31/05 6 0 0 3 1
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 3 0 0 4 1
09/30/04 1 2 0 6 1
06/30/04 2 1 0 6 2
03/31/04 3 0 0 5 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 1 2 0 9 0
09/30/03 2 0 0 6 2
06/30/03 3 0 0 0 1
03/31/03 2 2 0 6 1
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 9 1 0 7 2
09/30/02 3 0 0 12 3
06/30/02 1 0 0 2 0
03/31/02 2 0 0 1 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 5 0 0 7 2
09/30/01 6 0 0 6 0
06/30/01 5 0 2 4 2
03/31/01 7 5 1 5 5
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 7 4 5 5 7
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05 0
09/30/05 0
06/30/05 0
03/31/05 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0
09/30/04 0
06/30/04 1
03/31/04 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 0
09/30/03 0
06/30/03 0
03/31/03 0
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 1
09/30/02 0
06/30/02 0
03/31/02 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 0
09/30/01 0
06/30/01 0
03/31/01 2
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 11
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on September 29, 2000
179
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
DJ Global Titans ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05 1 0 0 1 0
09/30/05 1 0 0 5 0
06/30/05 2 1 0 2 0
03/31/05 2 0 0 0 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 1 0 0 1 1
09/30/04 4 0 0 2 0
06/30/04 4 1 0 1 0
03/31/04 2 0 0 0 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 4 0 0 8 0
09/30/03 1 1 1 3 2
06/30/03 3 2 0 1 2
03/31/03 12 2 1 9 1
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 12 4 1 7 2
09/30/02 8 13 3 7 10
06/30/02 7 4 0 6 1
03/31/02 7 6 0 4 2
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 12 6 1 9 5
09/30/01 9 4 0 3 1
06/30/01 3 1 1 4 2
03/31/01 10 3 2 6 6
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 7 10 3 3 2
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05 0
09/30/05 0
06/30/05 0
03/31/05 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0
09/30/04 0
06/30/04 0
03/31/04 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 0
09/30/03 1
06/30/03 0
03/31/03 0
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 5
09/30/02 4
06/30/02 1
03/31/02 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 3
09/30/01 0
06/30/01 0
03/31/01 2
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 1
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on September 29, 2000
180
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
DJ Wilshire REIT ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05 0 0 0 0 0
09/30/05 0 0 0 1 0
06/30/05 0 0 0 1 0
03/31/05 1 0 0 2 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0 0 0 1 1
09/30/04 3 0 0 1 0
06/30/04 1 1 0 2 0
03/31/04 0 0 0 2 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 0 0 0 0 0
09/30/03 0 0 0 1 0
06/30/03 0 0 0 1 0
03/31/03 4 0 0 1 0
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 8 2 0 1 0
09/30/02 14 1 0 9 0
06/30/02 2 0 0 1 0
03/31/02 2 0 0 2 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 1 1 0 4 2
09/30/01 8 1 2 7 4
06/30/01* 2 1 0 6 7
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05 0
09/30/05 0
06/30/05 0
03/31/05 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0
09/30/04 0
06/30/04 0
03/31/04 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 0
09/30/03 0
06/30/03 0
03/31/03 0
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 0
09/30/02 0
06/30/02 0
03/31/02 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 0
09/30/01 0
06/30/01* 2
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on April 27, 2001
181
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
KBW Bank ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05* 1 0 0 0 0
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
KBW Capital Markets ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05* 1 0 0 3 1
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
KBW Insurance ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05* 1 1 0 3 0
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on November 15, 2005.
182
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
Morgan Stanley Technology ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05 1 0 0 0 0
09/30/05 0 1 0 2 0
06/30/05 4 1 0 2 2
03/31/05 9 1 0 6 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 4 1 0 2 0
09/30/04 3 2 0 10 4
06/30/04 7 1 0 6 0
03/31/04 4 1 0 3 1
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 3 0 1 8 2
09/30/03 3 3 0 7 4
06/30/03 1 3 1 6 1
03/31/03 6 4 0 6 6
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 14 3 2 9 8
09/30/02 5 11 2 4 4
06/30/02 3 6 2 8 4
03/31/02 8 5 1 6 6
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 8 3 0 6 7
09/30/01 12 4 1 6 2
06/30/01 9 5 1 8 1
03/31/01 4 2 0 4 0
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 13 3 1 7 1
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05 0
09/30/05 0
06/30/05 0
03/31/05 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0
09/30/04 0
06/30/04 1
03/31/04 0
-----------------------------------------------------------------------------------------------------------------
2003
QUARTER ENDING:
12/31/03 0
09/30/03 0
06/30/03 1
03/31/03 0
-----------------------------------------------------------------------------------------------------------------
2002
QUARTER ENDING:
12/31/02 2
09/30/02 7
06/30/02 1
03/31/02 0
-----------------------------------------------------------------------------------------------------------------
2001
QUARTER ENDING:
12/31/01 0
09/30/01 1
06/30/01 0
03/31/01 1
-----------------------------------------------------------------------------------------------------------------
2000
QUARTER ENDING:
12/31/00* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on September 29, 2000
183
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
SPDR Dividend ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05* 0 0 0 0 0
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on November 15, 2005.
SPDR O-Strip ETF
<Table>
<Caption>
-----------------------------------------------------------------------------------------------------------------
Closing Price Closing Price
Above NAV Below NAV
-----------------------------------------------------------------------------------------------------------------
50 - 99 100 - 199 > 200 50 - 99 100 - 199
BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS BASIS POINTS
-----------------------------------------------------------------------------------------------------------------
2005
QUARTER ENDING:
12/31/05 0 0 0 0 0
09/30/05 3 0 0 0 0
06/30/05 3 0 0 1 0
03/31/05 7 0 0 2 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 1 0 0 3 1
09/30/04* 0 0 0 0 0
-----------------------------------------------------------------------------------------------------------------
<Caption>
----------------------- -----------------
Closing Price
Below NAV
----------------------- -----------------
> 200
BASIS POINTS
----------------------- -----------------
2005
QUARTER ENDING:
12/31/05 0
09/30/05 0
06/30/05 0
03/31/05 0
-----------------------------------------------------------------------------------------------------------------
2004
QUARTER ENDING:
12/31/04 0
09/30/04* 0
-----------------------------------------------------------------------------------------------------------------
</Table>
* Trading commenced on September 9, 2004.
184
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
SHAREHOLDER EXPENSE EXAMPLE
As a shareholder of a Fund, you incur two types of costs: (1) transaction costs
which may include creation and redemption fees or brokerage charges and (2)
ongoing costs, including management fees and trustee fees. This Example is
intended to help you understand your ongoing costs (in dollars) of investing in
a Fund and to compare these costs with the ongoing costs of investing in other
mutual funds. It is based on an investment of $1,000 invested at July 1, 2005
and held for the six months ended December 31, 2005.
ACTUAL EXPENSES
The first table below provides information about actual account values and
actual expenses. You may use the information in this table, together with the
amount you invested, to estimate the expenses that you incurred over the period.
Simply divide your account value by $1,000 (for example, an $8,600 account value
divided by $1,000 = 8.6), then multiply the result by the number in the first
table under the heading entitled "Expenses Paid During Period" to estimate the
expenses attributable to your investment during this period.
HYPOTHETICAL EXAMPLE FOR COMPARISON PURPOSES
The second table below provides information about hypothetical account values
and hypothetical expenses based on a Fund's actual expense ratio and an assumed
rate of return of 5% per year before expenses, which is not a Fund's actual
return. Thus, you should not use the hypothetical account values and expenses to
estimate the actual ending account balance or your expenses for the period.
Rather, these figures are provided to enable you to compare the ongoing costs of
investing in a Fund and other funds. To do so, compare this 5% hypothetical
example with the 5% hypothetical examples that appear in the shareholder reports
of the other funds. The Funds charge transaction fees at scheduled amounts
ranging from $250 to $4,500 per Creation Unit to those persons creating or
redeeming Creation Units. If you buy or sell streetTRACKS Series Trust Fund
Shares in the secondary market, you will incur customary brokerage commissions
and charges.
Please note that the expenses shown in the table are meant to highlight your
ongoing costs only and do not reflect any transaction costs, such as creation
and redemption fees on brokerage charges. Therefore, the second table is useful
in comparing ongoing costs only, and will not help you determine the relative
total costs of owning different funds. In addition, if these transaction costs
were included, your costs would have been higher.
<Table>
<Caption>
BEGINNING ENDING EXPENSES PAID
ACCOUNT VALUE ACCOUNT VALUE DURING PERIOD*
ACTUAL 7/01/05 12/31/05 7/01/05-12/31/05
- ---------------------------------------------------------------------------------------
DJ Wilshire Total Market ETF $1,000 $1,065.10 $1.09
DJ Wilshire Large Cap ETF** 1,000 1,027.80 0.32
DJ Wilshire Large Cap Growth ETF 1,000 1,072.20 1.10
DJ Wilshire Large Cap Value ETF 1,000 1,050.50 1.03
DJ Wilshire Mid Cap ETF** 1,000 1,008.70 0.39
DJ Wilshire Mid Cap Growth ETF** 1,000 1,006.80 0.39
DJ Wilshire Mid Cap Value ETF** 1,000 1,010.80 0.39
DJ Wilshire Small Cap ETF** 1,000 1,000.60 0.38
DJ Wilshire Small Cap Growth ETF 1,000 1,081.80 1.36
DJ Wilshire Small Cap Value ETF 1,000 1,071.10 1.36
DJ Global Titans ETF 1,000 1,042.20 2.63
DJ Wilshire REIT ETF 1,000 1,065.40 1.35
KBW Bank ETF** 1,000 1,038.00 0.54
KBW Capital Markets ETF** 1,000 1,029.30 0.54
KBW Insurance ETF** 1,000 1,009.30 0.54
Morgan Stanley Technology ETF 1,000 1,105.70 2.71
SPDR Dividend ETF** 1,000 999.50 0.44
SPDR O-Strip ETF 1,000 1,053.80 1.86
</Table>
185
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
<Table>
<Caption>
BEGINNING ENDING EXPENSES PAID
ACCOUNT VALUE ACCOUNT VALUE DURING PERIOD*
HYPOTHETICAL 7/01/05 12/31/05 7/01/05-12/31/05
- ---------------------------------------------------------------------------------------
DJ Wilshire Total Market ETF $1,000 $1,024.15 $1.07
DJ Wilshire Large Cap ETF** 1,000 1,007.09 0.31
DJ Wilshire Large Cap Growth ETF 1,000 1,024.15 1.07
DJ Wilshire Large Cap Value ETF 1,000 1,024.20 1.02
DJ Wilshire Mid Cap ETF** 1,000 1,007.01 0.39
DJ Wilshire Mid Cap Growth ETF** 1,000 1,007.01 0.39
DJ Wilshire Mid Cap Value ETF** 1,000 1,007.01 0.39
DJ Wilshire Small Cap ETF** 1,000 1,007.01 0.39
DJ Wilshire Small Cap Growth ETF 1,000 1,023.89 1.33
DJ Wilshire Small Cap Value ETF 1,000 1,023.89 1.33
DJ Global Titans ETF 1,000 1,022.63 2.60
DJ Wilshire REIT ETF 1,000 1,011.95 1.33
KBW Bank ETF** 1,000 1,006.86 0.53
KBW Capital Markets ETF** 1,000 1,006.86 0.53
KBW Insurance ETF** 1,000 1,006.86 0.53
Morgan Stanley Technology ETF 1,000 1,022.63 2.60
SPDR Dividend ETF** 1,000 1,006.95 0.45
SPDR O-Strip ETF 1,000 1,023.39 1.84
</Table>
* Expenses are equal to the Fund's annualized expense ratio of 0.21%, 0.21%,
0.21%, 0.20%, 0.26%, 0.26%, 0.26%, 0.26%, 0.26%, 0.26%, 0.51%, 0.26%, 0.36%,
0.36%, 0.36%, 0.51%, 0.30% and 0.36%, respectively. Expenses are equal to the
Fund's annualized expense ratio, multiplied by the average account value over
the period, multiplied by the number of days in the most recent six-month
period (or since commencement of operations), then divided by 365.
** For the period November 8, 2005 (commencement of operations) to December 31,
2005.
PROXY VOTING POLICIES
A description of the policies and procedures that are used by the Funds'
investment adviser to vote proxies relating to the Funds' portfolio securities
is available without charge, upon request, by calling 1-866-787-2257.
Information regarding how the investment adviser votes these proxies are
available by calling the same number and on the website of the U.S. Securities
and Exchange Commission at http://www.sec.gov.
QUARTERLY PORTFOLIO SCHEDULE
The Funds file a complete schedule of portfolio holdings with the Securities and
Exchange Commission for the first and third quarters of each fiscal year on the
Form N-Q. The Funds' Forms N-Q are available on the Securities and Exchange
Commission's website at www.sec.gov and may be reviewed and copied at the
Securities and Exchange Commission's Public Reference Room in Washington, DC.
Information on the form N-Q will be available upon request without charge, by
calling 1-866-787-2257 (toll free), and on the Funds' website
www.streetTRACKS.com.
INVESTMENT ADVISORY CONTRACT RENEWAL
At an in-person meeting held on August 22, 2005, the Board of Trustees of the
Trust (the "Board") considered renewal of the Investment Advisory Agreement (the
"Agreement") between the Trust and SSgA Funds Management, Inc. (the "Adviser")
with respect to the series portfolios of the Trust (each a "Fund", collectively,
the "Funds"). The Trustees who are not "interested persons" of the Trust within
the meaning of the Investment Company Act of 1940, as amended (the "Independent
Trustees") also met separately with their counsel to consider the Agreement.
186
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
In evaluating the Agreement, the Board drew on materials provided to them by the
Adviser and on other materials provided by State Street Bank and Trust Company,
the Trust's Administrator, Transfer Agent and Custodian ("State Street"). In
deciding whether to renew the Agreement, the Board considered various factors,
including (i) the nature, extent and quality of the services provided by the
Adviser under the Agreement, (ii) the investment performance of the Funds, (iii)
the costs to the Adviser of its services and the profits realized by the Adviser
from its relationship with the Trust, and (iv) the extent to which economies of
scale would be realized if and as the Funds grow and whether the fee levels in
the Agreement reflect these economies of scale.
First, the Board considered the nature, extent and quality of the services
provided by the Adviser. In doing so, they relied on their prior experience with
the Trust, the Adviser and State Street, as well as materials provided prior to
and at the meeting. The Board reviewed the Advisory Agreements and the Adviser's
responsibilities for managing the investment operations of each Fund in
accordance with each Fund's investment objective and policies, and the
applicable legal and regulatory requirements. They appreciated the relatively
unique nature of the Funds, as ETFs, and the experience and expertise of the
Adviser with ETFs. The Board considered the background and experience of the
Adviser's senior management, including those individuals responsible for the
portfolio management and compliance. They also considered the resources,
structures and practices of the Adviser in managing the Funds' portfolios and in
monitoring and securing each Fund's compliance with its investment objectives
and policies and with applicable laws and regulations. The Board also considered
information about the Adviser's best execution procedures and overall investment
management business, noting that the Adviser serves a wide range of clients
across a broad spectrum of asset classes. The Board looked at the Adviser's
general knowledge of the investment business and that of its parent, State
Street Global Advisers, with which the Adviser shares all of its senior
personnel. The Board considered that the Adviser and its affiliates constitute
one of the world's largest investment management enterprises for indexed
products generally and ETFs in particular. The Independent Trustees then
determined that the nature, extent and quality of the services provided by the
Adviser to the Trust were necessary and appropriate.
The Independent Trustees' reviewed the Funds' performance. They noted that that
the distinctive indexed investment objective of each of the Funds made the
analysis of investment performance, in absolute terms, less of a priority than
that which normally attaches to the performance of actively-managed funds. The
Board was more concerned with the extent to which each Fund achieved its
objective of replicating the total return of the applicable index (index
tracking and tracking error). The Board also considered that only two out of
nine Funds generated a taxable gain during the most recent fiscal year. The
Independent Trustees then determined that the performance of each Fund was
satisfactory.
The Board considered the profitability of the advisory arrangement with the
Funds to the Adviser including data on the Funds' historical profitability to
the Adviser. The Independent Trustees, through their counsel, had the
opportunity to discuss with representatives of the Adviser and State Street the
methodologies used in computing the costs that formed the bases of the
profitability calculations and determined that these methodologies were
reasonable. The Independent Trustees concluded that, to the extent that the
Adviser realized a profit on the Funds, the profitability was not excessive.
The Board considered whether the Adviser benefited in other ways from its
relationship with the Trust, noting that Adviser maintains no soft-dollar
arrangements in connection with the Trust's brokerage transactions. The
Independent Trustees concluded that, to the extent that the Adviser derives
other benefits from its relationship with the Trust, those benefits are not so
significant as to cause the Adviser's fee to be excessive.
The Independent Trustees determined that the Adviser is likely to realize
economies of scale in managing the Funds as assets grow in size. The Independent
Trustees further determined that such economies of scale are currently shared
with the Funds by way of the low fee structure of the Trust.
The Board evaluated the Funds' unitary fee through the review of comparative
information with respect to fees paid by similar funds. The Board also reviewed
the expense ratios of the Funds as compared to similar funds and the unitary fee
structure. The Independent Trustees concluded, based on the information
presented, that each Fund's fees were fair and reasonable in light those of
their direct competitors. The Board reviewed the universe of similar ETFs for
each Fund based upon Lipper Analytical Services and related comparative
information. The Board used a Fund by Fund analysis of the data to determine
that each Fund's expense ratio was reasonable in light of its peers.
187
STREETTRACKS SERIES TRUST
OTHER INFORMATION (CONTINUED)
DECEMBER 31, 2005 (UNAUDITED)
- --------------------------------------------------------------------------------
The Independent Trustees' conclusions regarding the Agreement were as follows:
(a) the nature and extent of the services provided by the Adviser were
appropriate; (b) the performance, and more importantly, the index tracking, of
each Fund had been satisfactory; (c) the Adviser's fees for each Fund and the
unitary fee, considered in relation to the services provided, were fair and
reasonable; (d) the profitability of the Trust's relationship with the Adviser
was not excessive; (e) any additional benefits to the Adviser were not of a
magnitude materially to affect the Independent Trustees' conclusions; and (f)
the fees paid to the Adviser adequately shared the economies of scale with the
Funds.
At the Meeting, the Board Also considered the renewal of the Sub-Advisory
Agreement (the "Sub-Advisory Agreement") between the Trust and The Tuckerman
Group LLC, an affiliate of the Adviser (the "Sub-Adviser") with respect to the
streetTRACKS DJ Wilshire REIT ETF (the "REIT Fund"). The Board considered the
background and experience of the Sub-Adviser's senior management and in
particular the Sub-Adviser's experience in investing in REITs. The Board
considered that the REIT Fund clearly tracked its benchmark index and did not
distribute any capital gains. In light of the Independent Trustees'
determination that the unitary fee paid to the State Street by the Fund was fair
and reasonable and that the Sub-Adviser's fees are paid by the Adviser, the
Trustees did not believe it necessary to evaluate the Sub-Adviser's
profitability or any additional benefits that the Sub-Adviser may receive.
The Independent Trustees' conclusions with respect to the Sub-Advisory Agreement
were as follows: (a) the nature and extent of the services provided by the
Sub-Adviser were appropriate; (b) the performance, and more importantly, the
index tracking, of the REIT Fund had been satisfactory; and (c) the
Sub-Adviser's fees for the REIT Fund and the unitary fee, considered in relation
to the services provided, were fair and reasonable.
188
StreetTRACKS' SERIES TRUST
TRUSTEES
David M. Kelly
Frank Nesvet
Helen F. Peters
James E. Ross, Interested Trustee (as defined in the 1940 Act)
OFFICERS
James E. Ross, President
Michael Riley, Vice President
Gary L. French, Treasurer
Mary Moran Zeven, Secretary
John W. Clark, Assistant Treasurer
Scott Zoltowski, Assistant Secretary
Matthew W. Flaherty, Assistant Treasurer
Peter Ambrosini, Chief Compliance Officer
INVESTMENT MANAGER
SSgA Funds Management, Inc.
State Street Financial Center
One Lincoln Street
Boston, MA 02111
DISTRIBUTOR
State Street Global Markets, LLC
One Lincoln Street
Boston, MA 02111
CUSTODIAN, ADMINISTRATOR AND TRANSFER AGENT
State Street Bank and Trust Company
One Lincoln Street
Boston, MA 02111
LEGAL COUNSEL
Clifford Chance US LLP
31 West 52nd Street
New York, New York 10019
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Ernst & Young LLP
200 Clarendon Street
Boston, MA 02116
streetTRACKS are distributed by State Street Global Markets, LLC, a wholly-owned
subsidiary of State Street Corporation. State Street Global Markets,
LLC is a member of NASD, SIPC, and the Boston Stock
Exchange.
The information contained in this report is intended for the general information
of shareholders of the Trust. This report is not authorized for distribution to
prospective investors unless preceded or accompanied by a current Trust
prospectus which contains important information concerning the Trust. You may
obtain a current prospectus and SAI from the Distributor by calling
1-866-S-TRACKS or visiting www.streettracks.com Please read the prospectus
carefully before you invest.
[graphics]
The investment return and principal value of an investment in the streetTRACKS
funds will fluctuate in value, so that when shares are sold or redeemed they may
be worth more or less than when they were purchased.
ETFs trade like stocks, are subject to investment risk and will fluctuate in
market value.
For streetTRACKS DJ Wilshire Small Cap, DJ Wilshire Small Cap Growth, DJ
Wilshire Small Cap Value, Morgan Stanley Technology and DJ Wilshire REIT, KBW
Bank, KBW Capital Markets, KBW Insurance ETFs: In addition to the normal risks
associated with equity investing, narrowly focused investments and investments
in smaller companies typically exhibit higher volatility and price fluctuation.
For streetTRACKS Global Titans Fund: International investments may involve risk
of capital loss from unfavorable fluctuations in currency values, from
differences in generally accepted accounting principles or from economic or
political instability in other nations.
In general, streetTRACKS shares can be expected to move up or down in value with
the value of the applicable index. Although streetTRACKS shares may be bought
and sold on the exchange through any brokerage account, streetTRACKS shares are
not individually redeemable from the Fund. Investors may acquire streetTRACKS
and tender them for redemption through the Fund in Creation Unit Aggregations
only. Please see the prospectus for more details.
streetTRACKS are not sponsored, endorsed, sold, or promoted by Dow Jones &
Company, Time Inc., Morgan Stanley Dean Witter, and Wilshire Associates. Neither
do these companies make any representation regarding the advisability of
investing in streetTRACKS. streetTRACKS are distributed by State Street Global
Markets, LLC, a wholly-owned subsidiary of State Street Corporation. State
Street Global Markets, LLC is a member of NASD, SIPC, and the Boston Stock
Exchange. References to State Street may include State Street Corporation and
its affiliates. Shares of the streetTRACKS funds are not insured by the FDIC or
by another governmental agency; they are not obligations of the FDIC nor are
they deposits or obligations of or guaranteed by State Street Bank and Trust
Company. streetTRACKS shares are subject to investment risks, including possible
loss of the principal invested. The streetTRACKS funds pay State Street for its
services as investment advisor, custodian, transfer agent and shareholder
servicing agent.
For more information on streetTRACKS, or to obtain
a prospectus, call:
1-866-S-TRACKS
or visit
www.streettracks.com
Please read the prospectus carefully before you invest
or send money.
[GRAPHICS]
ITEM 2. CODE OF ETHICS
- -----------------------
Not applicable to the Registrant; This Form N-CSR is a Semi-Annual Report.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT
- ----------------------------------------
Not applicable to the Registrant; This Form N-CSR is a Semi-Annual Report.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES
- ----------------------------------------------
Not applicable to the Registrant; This Form N-CSR is a Semi-Annual Report.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS
- ----------------------------------------------
Not applicable to the Registrant; This Form N-CSR is a Semi-Annual Report.
ITEM 6. SCHEDULE OF INVESTMENTS
- --------------------------------
Not applicable to the Registrant. See Item 1.
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
- -------------------------------------------------------------
Not applicable to the Registrant.
ITEM 11. CONTROLS AND PROCEDURES
- ---------------------------------
(a) Within 90 days of the filing date of this Form N-CSR, James E. Ross, the
Registrant's President, and Gary L. French, the Registrant's Chief Financial
Officer, reviewed the Registrant's disclosure controls and procedures (the
"Procedures") and evaluated their effectiveness. Based on the review, Messrs.
Ross and French determined that the Procedures adequately ensure that
information required to be disclosed by the Registrant in its periodic
reports is recorded, processed, summarized and reported within the time periods
required by the Securities and Exchange Commission's rules and regulations.
(b) In the Registrant's second fiscal quarter covered by this form N-CSR filing,
there were no significant changes in the Registrant's internal controls or in
other factors that have materially affected, or are reasonably likely to
materially affect, its controls over financial reporting subsequent to the date
of their evaluation, including any corrective actions with regard to significant
deficiencies and material weaknesses.
ITEM 12. EXHIBITS
- ------------------
(a)(1) Not applicable to the Registrant; This Form N-CSR is a
Semi-Annual Report.
(2) Certifications of principal executive officer and principal financial
officer of the registrant as required by Rule 30a-2(a) under the 1940 Act are
attached hereto.
(3) Not applicable
(b) Certifications of principal executive officer and principal financial
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.
STREETTRACKS(R)SERIES TRUST
By: /s/ James E. Ross
--------------------------
James E. Ross
President and Principal Executive Officer
Date: February 17, 2006
-----------------
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/ James E. Ross
-------------------------
James E. Ross
President and Principal Executive Officer
Date: February 17, 2006
------------------
By: Gary L. French
------------------------
Gary L. French
Treasurer, Chief Financial Officer
Date: February 17, 2006
------------------