SPDR Index Shares Funds

Transcription

1 Semi-Annual Report March 31, 2018 SPDR Index Shares Funds SPDR Dow Jones Global Real Estate ETF SPDR Dow Jones International Real Estate ETF SPDR S&P China ETF SPDR S&P Global Natural Resources ETF SPDR S&P International Small Cap ETF SPDR S&P North American Natural Resources ETF 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 or visiting Please read the prospectus carefully before you invest.

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3 TABLE OF CONTENTS (UNAUDITED) Portfolio Statistics (Unaudited) SPDR Dow Jones Global Real Estate ETF (RWO) SPDR Dow Jones International Real Estate ETF (RWX) SPDR S&P China ETF (GXC) SPDR S&P Global Natural Resources ETF (GNR) SPDR S&P International Small Cap ETF (GWX)... 5 SPDR S&P North American Natural Resources ETF (NANR) Schedules of Investments (Unaudited) SPDR Dow Jones Global Real Estate ETF (RWO) SPDR Dow Jones International Real Estate ETF (RWX) SPDR S&P China ETF (GXC) (Summary) SPDR S&P Global Natural Resources ETF (GNR) SPDR S&P International Small Cap ETF (GWX) (Summary) SPDR S&P North American Natural Resources ETF (NANR) Financial Statements (Unaudited) Financial Highlights (Unaudited) Notes to Financial Statements (Unaudited) Other Information (Unaudited) 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 or visiting Please read the prospectus carefully before you invest.

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5 SPDR DOW J ONES G LOBAL R EAL E STATE ETF P ORTFOLIO S TATISTICS (UNAUDITED) Top Ten Holdings as of March 31, 2018 Description % of Net Assets Simon Property Group, Inc. REIT 4.4% Prologis, Inc. REIT 3.1 Public Storage REIT 2.8 Mitsui Fudosan Co., Ltd. 2.2 AvalonBay Communities, Inc. REIT 2.1 Equity Residential REIT 2.1 Unibail-Rodamco SE REIT 2.1 Digital Realty Trust, Inc. REIT 2.0 Welltower, Inc. REIT 1.9 Boston Properties, Inc. REIT 1.7 TOTAL 24.4% (The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.) Industry Breakdown as of March 31, 2018 % of Net Assets Real Estate Investment Trusts (REITs) 87.3% Real Estate Management & Development 11.9 Equity Real Estate Investment Trusts (REITS) 0.3 Diversified Financial Services 0.0* Short-Term Investments 1.1 Liabilities in Excess of Other Assets (0.6) TOTAL 100.0% * Amount shown represents less than 0.05% of net assets. (The Fund s industry breakdown is expressed as a percentage of net assets and may change over time.) 1

6 SPDR DOW J ONES I NTERNATIONAL R EAL E STATE ETF P ORTFOLIO S TATISTICS (UNAUDITED) Top Ten Holdings as of March 31, 2018 Description % of Net Assets Mitsui Fudosan Co., Ltd. 5.1% Unibail-Rodamco SE REIT 4.9 Link REIT 4.0 Scentre Group REIT 3.4 Westfield Corp. REIT 2.7 Goodman Group REIT 2.2 Land Securities Group PLC REIT 2.1 British Land Co. PLC REIT 1.9 Segro PLC REIT 1.8 Klepierre SA REIT 1.8 TOTAL 29.9% (The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.) Industry Breakdown as of March 31, 2018 % of Net Assets Real Estate Investment Trusts (REITs) 71.8% Real Estate Management & Development 27.6 Diversified Financial Services 0.0* Short-Term Investments 4.9 Liabilities in Excess of Other Assets (4.3) TOTAL 100.0% * Amount shown represents less than 0.05% of net assets. (The Fund s industry breakdown is expressed as a percentage of net assets and may change over time.) 2

7 SPDR S&P CHINA ETF P ORTFOLIO S TATISTICS (UNAUDITED) Top Ten Holdings as of March 31, 2018 Description % of Net Assets Tencent Holdings, Ltd. 15.1% Alibaba Group Holding, Ltd. ADR 11.1 China Construction Bank Corp. 5.8 Industrial & Commercial Bank of China, Ltd. 3.5 Baidu, Inc. ADR 3.2 China Mobile, Ltd. 2.8 Ping An Insurance Group Co. of China, Ltd. 2.7 Bank of China, Ltd. 2.2 JD.com, Inc. ADR 1.7 CNOOC, Ltd. 1.3 TOTAL 49.4% (The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.) Sector Breakdown as of March 31, 2018 % of Net Assets Information Technology 36.1% Financials 22.9 Consumer Discretionary 10.2 Real Estate 6.4 Industrials 5.4 Energy 4.4 Telecommunication Services 3.7 Health Care 3.3 Consumer Staples 3.0 Materials 2.3 Utilities 2.2 Short-Term Investments 1.8 Liabilities in Excess of Other Assets (1.7) TOTAL 100.0% (The Fund s sector breakdown is expressed as a percentage of net assets and may change over time.) 3

8 SPDR S&P GLOBAL N ATURAL R ESOURCES ETF P ORTFOLIO S TATISTICS (UNAUDITED) Top Ten Holdings as of March 31, 2018 Description % of Net Assets Nutrien, Ltd. 4.7% Exxon Mobil Corp. 4.2 BHP Billiton, Ltd. 4.1 TOTAL SA 3.9 Royal Dutch Shell PLC Class A 3.9 Glencore PLC 3.6 BP PLC 3.6 Monsanto Co. 3.1 UPM-Kymmene Oyj 3.0 Chevron Corp. 2.9 TOTAL 37.0% (The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.) Industry Breakdown as of March 31, 2018 % of Net Assets Oil, Gas & Consumable Fuels 32.2% Metals & Mining 31.0 Chemicals 11.5 Containers & Packaging 8.5 Paper & Forest Products 8.2 Food Products 4.2 Energy Equipment & Services 1.9 Real Estate Investment Trusts (REITs) 1.9 Short-Term Investments 3.5 Liabilities in Excess of Other Assets (2.9) TOTAL 100.0% (The Fund s industry breakdown is expressed as a percentage of net assets and may change over time.) 4

9 SPDR S&P INTERNATIONAL S MALL C AP ETF P ORTFOLIO S TATISTICS (UNAUDITED) Top Ten Holdings as of March 31, 2018 Description % of Net Assets Nikkon Holdings Co., Ltd. 0.4% SillaJen, Inc. 0.4 Wihlborgs Fastigheter AB 0.3 Shochiku Co., Ltd. 0.3 Jenoptik AG 0.3 Canopy Growth Corp. 0.3 Barco NV 0.3 Toagosei Co., Ltd. 0.2 Colliers International Group, Inc. 0.2 Indus Holding AG 0.2 TOTAL 2.9% (The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.) Sector Breakdown as of March 31, 2018 % of Net Assets Industrials 20.7% Consumer Discretionary 16.9 Information Technology 12.3 Materials 10.6 Real Estate 9.5 Health Care 8.9 Financials 8.2 Consumer Staples 6.0 Energy 3.8 Utilities 1.4 Telecommunication Services 0.7 Short-Term Investments 10.6 Liabilities in Excess of Other Assets (9.6) TOTAL 100.0% (The Fund s sector breakdown is expressed as a percentage of net assets and may change over time.) 5

10 SPDR S&P NORTH A MERICAN N ATURAL R ESOURCES ETF P ORTFOLIO S TATISTICS (UNAUDITED) Top Ten Holdings as of March 31, 2018 Description % of Net Assets Chevron Corp. 10.4% Exxon Mobil Corp. 9.9 Monsanto Co. 6.5 Freeport-McMoRan, Inc. 5.9 Newmont Mining Corp. 5.2 Nutrien, Ltd. 3.9 Barrick Gold Corp. 3.6 ConocoPhillips 3.4 Teck Resources, Ltd. Class B 3.2 Franco-Nevada Corp. 3.1 TOTAL 55.1% (The ten largest holdings are subject to change, and there are no guarantees the Fund will continue to remain invested in any particular company.) Industry Breakdown as of March 31, 2018 % of Net Assets Oil, Gas & Consumable Fuels 46.1% Metals & Mining 33.8 Chemicals 13.9 Food Products 5.6 Paper & Forest Products 0.5 Short-Term Investments 4.3 Liabilities in Excess of Other Assets (4.2) TOTAL 100.0% (The Fund s industry breakdown is expressed as a percentage of net assets and may change over time.) 6

11 SPDR DOW JONES GLOBAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS COMMON STOCKS 99.5% AUSTRALIA 5.7% BGPHoldingsPLC(a)(b)... 1,313,937 $ BWPTrustREIT... 1,157,853 2,682,156 CharterHallRetailREIT ,071 2,342,052 DexusREIT... 2,402,555 17,175,640 Goodman Group REIT ,817,553 24,685,181 GPTGroupREIT... 4,272,067 15,532,454 InvestaOfficeFundREIT... 1,195,545 3,952,454 ScentreGroupREIT... 12,685,450 37,267,333 VicinityCentresREIT... 7,648,020 14,138,057 WestfieldCorp.REIT... 4,553,743 29,759, ,535,248 AUSTRIA 0.5% CA Immobilien Anlagen AG ,521 5,791,808 IMMOFINANZAG... 2,304,159 5,990,592 11,782,400 BELGIUM 0.2% CofinimmoSAREIT... 46,606 6,041,360 BRAZIL 0.3% BRMallsParticipacoesSA... 2,073,121 7,266,777 CANADA 1.4% ArtisRealEstateInvestmentTrust ,554 1,829,435 BoardwalkRealEstateInvestmentTrust... 53,836 1,848,610 Canadian Apartment Properties REIT ,012 4,697,224 Canadian Real Estate Investment Trust... 86,188 3,356,602 DreamOfficeRealEstateInvestmentTrust... 84,625 1,532,669 FirstCapitalRealty,Inc.(c) ,638 6,213,328 H&RRealEstateInvestmentTrust ,998 5,497,047 RioCanRealEstateInvestmentTrust ,552 6,886,212 SmartCentresRealEstateInvestmentTrust ,793 3,472,495 35,333,622 FRANCE 4.3% FonciereDesRegionsREIT ,354 14,041,554 GecinaSAREIT ,627 19,891,441 KlepierreSAREIT ,061 19,899,592 MercialysSAREIT ,805 2,549,586 Unibail-Rodamco SE REIT ,676 54,038, ,420,448 7

12 SPDR DOW JONES GLOBAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) GERMANY 1.0% Deutsche EuroShop AG ,044 $ 4,399,558 GrandCityPropertiesSA ,344 5,979,140 LEG Immobilien AG ,415 16,784,465 27,163,163 HONG KONG 3.3% ChampionREIT... 4,881,462 3,476,852 HangLungProperties,Ltd.... 4,846,018 11,287,184 Hongkong Land Holdings, Ltd ,801,000 19,298,890 HysanDevelopmentCo.,Ltd... 1,216,731 6,433,793 LinkREIT... 5,169,682 44,132,958 84,629,677 ITALY 0.1% BeniStabiliSpASIIQ... 2,436,157 2,025,370 JAPAN 11.9% Activia Properties, Inc. REIT ,670 7,451,011 AdvanceResidenceInvestmentCorp.REIT... 3,209 8,134,898 AeonMallCo.,Ltd ,900 5,611,179 AEONREITInvestmentCorp... 3,534 3,728,395 DaiwaHouseREITInvestmentCorp... 4,096 9,875,077 DaiwaOfficeInvestmentCorp ,296,615 FrontierRealEstateInvestmentCorp... 1,194 4,895,007 Fukuoka REIT Corp ,930 3,014,321 GLPJ-REIT... 8,042 8,870,020 HeiwaRealEstateCo.,Ltd... 79,000 1,508,688 HoshinoResortsREIT,Inc ,680,677 HulicCo.,Ltd.... 1,151,300 12,427,761 HulicReit,Inc... 2,338 3,561,410 Industrial & Infrastructure Fund Investment Corp. REIT ,048 4,537,110 InvincibleInvestmentCorp.REIT... 9,993 4,594,807 JapanExcellent,Inc... 3,134 4,051,951 JapanHotelREITInvestmentCorp... 9,527 6,736,534 JapanLogisticsFund,Inc.REIT... 2,193 4,429,303 JapanPrimeRealtyInvestmentCorp.REIT... 2,193 7,938,928 JapanRealEstateInvestmentCorp.REIT... 3,116 16,144,015 JapanRentalHousingInvestments,Inc... 3,949 3,044,833 JapanRetailFundInvestmentCorp.REIT... 6,228 12,063,639 Kenedix Office Investment Corp. REIT ,846,422 Kenedix Residential Next Investment Corp ,900 2,713,775 Kenedix Retail REIT Corp ,217 2,649,135 Leopalace21 Corp ,900 4,876,797 MCUBS MidCity Investment Corp ,964 2,892,397 8

13 SPDR DOW JONES GLOBAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) MitsuiFudosanCo.,Ltd... 2,362,600 $ 56,249,207 Mori Hills REIT Investment Corp ,528 4,465,151 MoriTrustSogoREIT,Inc... 2,314 3,398,654 Nippon Building Fund, Inc. REIT... 3,362 18,588,209 Nippon Prologis REIT, Inc ,190 11,229,140 NomuraRealEstateMasterFund,Inc... 9,954 13,824,220 NTTUrbanDevelopmentCorp ,700 3,142,773 OrixJREIT,Inc.REIT... 6,373 9,899,573 PremierInvestmentCorp... 3,156 3,317,732 TokyuFudosanHoldingsCorp... 1,218,700 8,674,715 TokyuREIT,Inc... 2,355 3,193,145 UnitedUrbanInvestmentCorp.REIT... 7,267 11,356,609 UnizoHoldingsCo.,Ltd... 54,000 1,310, ,223,847 MEXICO 0.4% FibraUnoAdministracionSAdeCVREIT... 7,856,870 11,776,589 NETHERLANDS 0.3% EurocommercialPropertiesNV ,130 4,875,672 WereldhaveNV(c)... 97,344 3,718,458 8,594,130 PHILIPPINES 0.7% SMPrimeHoldings,Inc... 27,657,100 17,862,954 ROMANIA 0.5% NEPIRockcastlePLC(c)... 1,382,467 13,417,762 SINGAPORE 2.8% Ascendas REIT ,752,020 11,536,500 CapitaLandCommercialTrust... 6,230,508 8,695,058 CapitaLandMallTrustREIT... 6,461,104 10,248,681 CapitaLand,Ltd... 6,053,551 16,480,727 Keppel REIT (c) ,335,612 4,000,679 MapletreeCommercialTrustREIT... 4,569,700 5,471,234 Mapletree Industrial Trust... 2,904,800 4,496,869 MapletreeLogisticsTrust... 4,945,073 4,638,481 SuntecRealEstateInvestmentTrust... 5,343,995 7,702,395 73,270,624 SOUTH AFRICA 1.3% Growthpoint Properties, Ltd. REIT.... 6,589,638 15,800,115 HypropInvestments,Ltd ,804 5,460,015 Redefine Properties, Ltd. REIT ,636,271 12,360,323 33,620,453 9

14 SPDR DOW JONES GLOBAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) SPAIN 0.8% Inmobiliaria Colonial Socimi SA REIT ,708 $ 8,852,039 Martinsa Fadesa SA (a)(b) Merlin Properties Socimi SA ,477 12,139,674 20,991,713 SWEDEN 0.8% CastellumAB(c) ,891 10,674,001 FabegeAB ,008 7,210,757 Kungsleden AB ,307 2,997,637 20,882,395 SWITZERLAND 1.0% PSPSwissPropertyAG... 96,805 9,421,706 SwissPrimeSiteAG(b) ,147 16,426,577 25,848,283 THAILAND 0.3% Central Pattana PCL NVDR ,186,300 7,998,866 UNITED KINGDOM 5.0% British Land Co. PLC REIT ,366,553 21,313,119 Capital&CountiesPropertiesPLC... 1,787,083 6,818,823 Derwent London PLC ,535 11,467,688 Grainger PLC ,171 4,050,731 GreatPortlandEstatesPLCREIT ,110 6,250,324 HammersonPLCREIT... 1,887,349 14,206,878 Intu Properties PLC REIT... 2,075,178 6,046,271 Land Securities Group PLC REIT.... 1,789,133 23,519,296 SegroPLCREIT... 2,367,334 19,965,227 ShaftesburyPLC ,193 8,047,548 UNITEGroupPLCREIT ,708 6,958, ,644,345 UNITED STATES 56.9% AcadiaRealtyTrustREIT ,560 4,884,576 AlexandriaRealEstateEquities,Inc.REIT ,141 30,116,099 AmericanAssetsTrust,Inc.REIT... 99,575 3,326,801 AmericanCampusCommunities,Inc.REIT ,331 12,564,283 AmericanHomes4RentClassA,REIT ,825 12,024,406 ApartmentInvestment&ManagementCo.ClassA,REIT ,125 15,327,094 Apple Hospitality REIT, Inc ,774 8,833,739 Ashford Hospitality Prime, Inc. REIT , ,558 Ashford Hospitality Trust, Inc. REIT ,546 1,411,807 AvalonBayCommunities,Inc.REIT ,011 54,109,149 Boston Properties, Inc. REIT ,727 45,311,321 10

15 SPDR DOW JONES GLOBAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) Brandywine Realty Trust REIT ,948 $ 6,605,254 Brixmor Property Group, Inc. REIT ,813 11,053,398 CamdenPropertyTrustREIT ,609 18,570,866 CBL&AssociatesProperties,Inc.REIT(c) ,614 1,712,260 Cedar Realty Trust, Inc. REIT , ,881 Chatham Lodging Trust REIT ,583 2,041,064 Chesapeake Lodging Trust REIT ,331 4,013,845 ColumbiaPropertyTrust,Inc.REIT ,545 5,821,791 CorporateOfficePropertiesTrustREIT ,944 6,197,753 CousinsProperties,Inc.REIT... 1,007,167 8,742,210 CubeSmart REIT ,501 12,224,728 DCT Industrial Trust, Inc. REIT ,163 12,573,003 DDRCorp.REIT ,629 5,392,161 DiamondRock Hospitality Co. REIT ,691 4,966,214 DigitalRealtyTrust,Inc.REIT ,526 51,586,250 Douglas Emmett, Inc. REIT ,338 13,944,465 DukeRealtyCorp.REIT ,151 22,511,998 EasterlyGovernmentProperties,Inc.REIT(c) ,378 2,170,111 EastGroupProperties,Inc.REIT... 82,865 6,849,621 Education Realty Trust, Inc. REIT ,889 5,956,865 EquityCommonwealthREIT(b) ,626 9,128,189 EquityLifeStyleProperties,Inc.REIT ,344 18,461,893 EquityResidentialREIT ,338 54,061,568 Essex Property Trust, Inc. REIT ,353 37,871,720 ExtraSpaceStorage,Inc.REIT ,152 26,221,279 Federal Realty Investment Trust REIT ,622 20,275,360 First Industrial Realty Trust, Inc. REIT ,576 8,347,386 ForestCityRealtyTrust,Inc.ClassA,REIT ,685 12,858,718 FranklinStreetPropertiesCorp.REIT ,684 2,158,712 GGP,Inc.REIT... 1,498,641 30,662,195 HCP,Inc.REIT... 1,118,088 25,973,184 HealthcareRealtyTrust,Inc.REIT ,477 8,298,508 Hersha Hospitality Trust REIT (c) ,769 1,571,065 Highwoods Properties, Inc. REIT ,369 10,839,710 Hospitality Properties Trust REIT ,659 9,924,639 HostHotels&Resorts,Inc.REIT... 1,748,868 32,598,899 HudsonPacificProperties,Inc.REIT ,337 12,014,533 Independence Realty Trust, Inc. REIT ,864 1,807,212 InvitationHomes,Inc.REIT ,736 15,495,543 JBGSMITHPropertiesREIT ,878 7,479,507 Kilroy Realty Corp. REIT ,597 16,717,963 KimcoRealtyCorp.REIT... 1,012,595 14,581,368 KiteRealtyGroupTrustREIT ,665 3,010,438 LaSalleHotelPropertiesREIT ,926 7,801,543 11

16 SPDR DOW JONES GLOBAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) Liberty Property Trust REIT ,909 $ 13,941,615 Life Storage, Inc. REIT ,510 9,229,795 LTC Properties, Inc. REIT ,595 3,632,610 MacerichCo.REIT ,008 14,453,608 Mack-CaliRealtyCorp.REIT ,404 3,632,821 Mid-America Apartment Communities, Inc. REIT ,660 24,695,018 National Storage Affiliates Trust REIT ,428 2,995,254 NorthStarRealtyEuropeCorp.REIT ,930 1,743,769 Paramount Group, Inc. REIT ,770 6,903,125 ParkHotels&Resorts,Inc.REIT ,815 12,937,581 PebblebrookHotelTrustREIT(c) ,572 5,618,698 PennsylvaniaRealEstateInvestmentTrust(c) ,343 1,605,210 PiedmontOfficeRealtyTrust,Inc.ClassA,REIT ,522 5,637,982 Prologis,Inc.REIT... 1,270,453 80,025,834 PSBusinessParks,Inc.REIT... 47,234 5,339,331 PublicStorageREIT ,079 71,555,061 QTSRealtyTrust,Inc.ClassA,REIT ,244 4,391,458 Quality Care Properties, Inc. REIT (b) ,364 4,320,533 Ramco-GershensonPropertiesTrustREIT ,928 2,347,510 RegencyCentersCorp.REIT ,840 20,869,483 Retail Opportunity Investments Corp. REIT (c) ,249 4,686,950 Retail Properties of America, Inc. Class A, REIT ,306 6,288,308 Rexford Industrial Realty, Inc. REIT ,821 5,407,367 RLJ Lodging Trust REIT ,020 8,145,749 Ryman Hospitality Properties, Inc. REIT ,706 9,426,130 SaulCenters,Inc.REIT... 29,773 1,517,530 SeniorHousingPropertiesTrustREIT ,607 8,920,046 SeritageGrowthPropertiesClassA,REIT(c)... 62,604 2,225,572 Simon Property Group, Inc. REIT , ,475,530 SLGreenRealtyCorp.REIT ,055 20,823,776 SummitHotelProperties,Inc.REIT ,408 3,435,273 SunCommunities,Inc.REIT ,887 17,258,605 SunstoneHotelInvestors,Inc.REIT ,428 8,225,314 TangerFactoryOutletCenters,Inc.REIT(c) ,344 4,957,568 TaubmanCenters,Inc.REIT ,586 8,285,299 TierREIT,Inc ,270 2,111,710 UDR, Inc. REIT ,643 22,748,464 UniversalHealthRealtyIncomeTrustREIT... 30,374 1,825,477 UrbanEdgePropertiesREIT ,008 5,359,021 Ventas,Inc.REIT ,636 42,032,941 VornadoRealtyTrustREIT ,792 27,713,602 Washington Prime Group, Inc. REIT (c) ,668 2,925,916 WashingtonRealEstateInvestmentTrust ,752 5,098,330 WeingartenRealtyInvestorsREIT ,404 8,042,224 12

17 SPDR DOW JONES GLOBAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) Welltower, Inc. REIT ,543 $ 48,036,815 XeniaHotels&Resorts,Inc.REIT ,125 4,991,625 1,471,362,141 TOTALCOMMONSTOCKS (Cost $2,519,804,676) ,573,692,167 SHORT-TERM INVESTMENTS 1.1% State Street Institutional U.S. Government Money Market Fund, ClassGShares1.62%(d)(e)... 2,854,482 2,854,482 State Street Navigator Securities Lending Government Money Market Portfolio(d)(f)... 25,171,435 25,171,435 TOTAL SHORT-TERM INVESTMENTS (Cost $28,025,917) ,025,917 TOTAL INVESTMENTS 100.6% (Cost $2,547,830,593) ,601,718,084 LIABILITIES IN EXCESS OF OTHER ASSETS (0.6)%... (14,820,924) NET ASSETS 100.0%... $ 2,586,897,160 (a) Fair valued as determined in good faith by the Trust s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of March 31, 2018, total aggregate fair value of the securities is $0, representing 0.0% of the Fund s net assets. (b) Non-income producing security. (c) All or a portion of the shares of the security are on loan at March 31, (d) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended March 31, 2018 are shown in the Affiliate Table below. (e) The rate shown is the annualized seven-day yield at March 31, (f) Investment of cash collateral for securities loaned. NVDR =Non Voting Depositary Receipt REIT =Real Estate Investment Trust 13

18 SPDR DOW JONES GLOBAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) The following table summarizes the value of the Fund s investments according to the fair value hierarchy as of March 31, Description Level 1 Quoted Prices Level 2 Other Significant Observable Inputs Level 3 Significant Unobservable Inputs ASSETS: INVESTMENTS: Common Stocks Australia...$ 147,535,248 $ $ 0(a) $ 147,535,248 Austria... 11,782,400 11,782,400 Belgium.... 6,041,360 6,041,360 Brazil... 7,266,777 7,266,777 Canada... 35,333,622 35,333,622 France ,420, ,420,448 Germany... 27,163,163 27,163,163 Hong Kong... 84,629,677 84,629,677 Italy... 2,025,370 2,025,370 Japan ,223, ,223,847 Mexico... 11,776,589 11,776,589 Netherlands... 8,594,130 8,594,130 Philippines... 17,862,954 17,862,954 Romania... 13,417,762 13,417,762 Singapore... 73,270,624 73,270,624 South Africa... 33,620,453 33,620,453 Spain... 20,991,713 0(a) 20,991,713 Sweden... 20,882,395 20,882,395 Switzerland... 25,848,283 25,848,283 Thailand... 7,998,866 7,998,866 United Kingdom ,644, ,644,345 United States... 1,471,362,141 1,471,362,141 Short-Term Investments... 28,025,917 28,025,917 TOTAL INVESTMENTS...$2,601,718,084 $ $ 0 $2,601,718,084 (a) Fund held Level 3 securities that were valued at $0 at March 31, Total 14

19 SPDR DOW JONES GLOBAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) Affiliate Table Number of Shares Held at 9/30/17 Value at 9/30/17 Cost of Purchases Proceeds from Shares Sold Realized Gain (Loss) Change in Unrealized Appreciation/ Depreciation Number of Shares Held at 3/31/18 Value at 3/31/18 Dividend Income State Street Institutional U.S. Government Money Market Fund, Class G Shares... 3,970,115 $ 3,970,115 $110,230,236 $111,345,869 $ $ 2,854,482 $ 2,854,482 $ 34,687 State Street Navigator Securities Lending Government Money Market Portfolio... 22,923,440 22,923, ,112, ,864,795 25,171,435 25,171, ,601 Total.... $26,893,555 $346,343,026 $345,210,664 $ $ $28,025,917 $136,288 15

20 SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS COMMON STOCKS 99.4% AUSTRALIA 13.3% BGPHoldingsPLC(a)(b)... 32,410,441 $ BWPTrustREIT... 3,643,532 8,440,209 CharterHallRetailREIT... 2,482,874 7,332,281 DexusREIT... 7,502,003 53,631,113 Goodman Group REIT ,917,483 77,061,203 GPTGroupREIT... 13,341,046 48,505,601 InvestaOfficeFundREIT... 3,754,925 12,413,728 ScentreGroupREIT... 39,593, ,316,446 VicinityCentresREIT... 23,884,856 44,153,317 WestfieldCorp.REIT... 14,214,334 92,894, ,748,350 AUSTRIA 1.1% CA Immobilien Anlagen AG ,795 18,117,488 IMMOFINANZAG... 7,207,986 18,740,070 36,857,558 BELGIUM 0.5% CofinimmoSAREIT ,762 18,894,579 BRAZIL 0.7% BRMallsParticipacoesSA... 6,615,416 23,188,590 CANADA 3.2% ArtisRealEstateInvestmentTrust ,114 5,756,594 BoardwalkRealEstateInvestmentTrust ,796 5,830,420 Canadian Apartment Properties REIT ,934 14,348,069 Canadian Real Estate Investment Trust ,058 10,361,662 DreamOfficeRealEstateInvestmentTrust ,585 4,936,870 FirstCapitalRealty,Inc.... 1,216,038 19,194,395 H&RRealEstateInvestmentTrust... 1,054,268 17,197,018 RioCanRealEstateInvestmentTrust... 1,174,237 21,531,094 SmartCentresRealEstateInvestmentTrust ,992 10,905, ,061,585 FRANCE 10.0% FonciereDesRegionsREIT ,309 44,136,506 GecinaSAREIT ,894 62,106,025 KlepierreSAREIT... 1,542,481 62,127,435 MercialysSAREIT ,399 7,840,430 Unibail-Rodamco SE REIT (c) , ,642, ,852,938 16

21 SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) GERMANY 2.5% Deutsche EuroShop AG ,997 $ 13,963,366 GrandCityPropertiesSA ,994 18,700,790 LEG Immobilien AG ,584 52,413,499 85,077,655 HONG KONG 7.6% ChampionREIT... 15,347,174 10,931,119 HangLungProperties,Ltd ,046,755 35,046,403 Hongkong Land Holdings, Ltd ,745,500 60,256,495 HysanDevelopmentCo.,Ltd... 3,812,846 20,161,450 LinkREIT... 16,136, ,758, ,153,871 ITALY 0.2% BeniStabiliSpASIIQ... 7,681,391 6,386,146 JAPAN 27.7% Activia Properties, Inc. REIT ,200 23,200,752 AdvanceResidenceInvestmentCorp.REIT... 10,021 25,403,494 AeonMallCo.,Ltd ,740 17,541,224 AEONREITInvestmentCorp.(c)... 11,267 11,886,764 DaiwaHouseREITInvestmentCorp... 12,789 30,833,094 DaiwaOfficeInvestmentCorp... 2,303 13,317,771 FrontierRealEstateInvestmentCorp... 3,686 15,111,387 Fukuoka REIT Corp. (c) ,015 9,394,372 GLPJ-REIT... 25,132 27,719,639 HeiwaRealEstateCo.,Ltd ,300 4,780,059 HoshinoResortsREIT,Inc.(c)... 1,583 8,320,611 HulicCo.,Ltd.... 3,596,390 38,821,398 HulicReit,Inc... 7,441 11,334,669 Industrial & Infrastructure Fund Investment Corp. REIT ,759 14,300,638 InvincibleInvestmentCorp.REIT... 31,322 14,401,935 JapanExcellent,Inc... 9,720 12,566,996 JapanHotelREITInvestmentCorp... 29,794 21,067,314 JapanLogisticsFund,Inc.REIT... 6,862 13,859,498 JapanPrimeRealtyInvestmentCorp.REIT... 6,854 24,812,318 JapanRealEstateInvestmentCorp.REIT... 9,734 50,431,913 JapanRentalHousingInvestments,Inc... 12,098 9,328,030 JapanRetailFundInvestmentCorp.REIT... 19,464 37,701,777 Kenedix Office Investment Corp. REIT ,045 18,524,824 Kenedix Residential Next Investment Corp ,871 8,385,566 Kenedix Retail REIT Corp ,766 8,197,734 Leopalace21 Corp ,879,200 15,302,183 MCUBS MidCity Investment Corp ,272 8,954,464 17

22 SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) MitsuiFudosanCo.,Ltd... 7,373,400 $ 175,547,238 Mori Hills REIT Investment Corp ,068 14,008,019 MoriTrustSogoREIT,Inc... 7,152 10,504,395 Nippon Building Fund, Inc. REIT... 10,499 58,048,068 Nippon Prologis REIT, Inc ,194 35,037,512 NomuraRealEstateMasterFund,Inc... 31,087 43,173,953 NTTUrbanDevelopmentCorp ,031 9,717,921 OrixJREIT,Inc.REIT... 19,912 30,930,535 PremierInvestmentCorp... 9,967 10,477,768 TokyuFudosanHoldingsCorp... 3,808,600 27,109,640 TokyuREIT,Inc... 7,232 9,805,871 UnitedUrbanInvestmentCorp.REIT... 22,706 35,484,130 UnizoHoldingsCo.,Ltd.(c) ,100 4,150, ,496,278 MEXICO 1.0% FibraUnoAdministracionSAdeCVREIT... 24,405,275 36,580,838 NETHERLANDS 0.8% EurocommercialPropertiesNV ,731 15,218,923 WereldhaveNV(c) ,307 11,356,876 26,575,799 PHILIPPINES 1.6% SMPrimeHoldings,Inc... 85,875,400 55,464,539 ROMANIA 1.2% NEPIRockcastlePLC... 4,294,860 41,684,473 SINGAPORE 6.6% Ascendas REIT ,845,268 35,791,242 CapitaLandCommercialTrust... 19,298,229 26,931,869 CapitaLandMallTrustREIT... 20,026,447 31,766,194 CapitaLand,Ltd... 18,903,097 51,463,476 Keppel REIT (c) ,312,953 12,284,506 MapletreeCommercialTrustREIT... 14,110,700 16,894,531 Mapletree Industrial Trust... 9,092,500 14,075,936 MapletreeLogisticsTrust(c)... 15,436,902 14,479,821 SuntecRealEstateInvestmentTrust... 16,601,776 23,928, ,616,010 SOUTH AFRICA 3.0% Growthpoint Properties, Ltd. REIT ,564,270 49,307,388 HypropInvestments,Ltd... 1,844,337 16,845,165 Redefine Properties, Ltd. REIT ,470,399 38,608, ,761,007 18

23 SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) SPAIN 1.9% Inmobiliaria Colonial Socimi SA REIT ,393,023 $ 27,664,768 Martinsa Fadesa SA (a)(b) ,998 Merlin Properties Socimi SA ,478,652 37,921,738 65,586,506 SWEDEN 1.9% CastellumAB(c)... 2,030,063 33,087,787 FabegeAB... 1,044,139 22,541,473 Kungsleden AB ,416,579 9,429,990 65,059,250 SWITZERLAND 2.3% PSPSwissPropertyAG ,878 29,186,121 SwissPrimeSiteAG(b) ,332 51,296,620 80,482,741 THAILAND 0.7% Central Pattana PCL NVDR ,000,859 25,106,090 UNITED KINGDOM 11.6% British Land Co. PLC REIT ,388,670 66,542,184 Capital&CountiesPropertiesPLC(c)... 5,587,721 21,320,598 Derwent London PLC ,470 35,833,178 Grainger PLC ,143,780 12,745,173 GreatPortlandEstatesPLCREIT... 2,091,839 19,540,383 HammersonPLCREIT... 5,894,549 44,370,774 Intu Properties PLC REIT (c) ,489,755 18,908,651 Land Securities Group PLC REIT.... 5,585,587 73,426,109 SegroPLCREIT... 7,391,359 62,336,013 ShaftesburyPLC... 1,825,998 25,154,028 UNITEGroupPLCREIT... 1,955,757 21,715, ,892,178 TOTALCOMMONSTOCKS (Cost $3,228,755,776) ,440,526,981 SHORT-TERM INVESTMENTS 4.9% State Street Institutional U.S. Government Money Market Fund, ClassGShares1.62%(d)(e)... 2,870,583 2,870,583 19

24 SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) State Street Navigator Securities Lending Government Money Market Portfolio(d)(f) ,351,563 $ 166,351,563 TOTAL SHORT-TERM INVESTMENTS (Cost $169,222,146) ,222,146 TOTAL INVESTMENTS 104.3% (Cost $3,397,977,922) ,609,749,127 LIABILITIES IN EXCESS OF OTHER ASSETS (4.3)%... (149,601,492) NET ASSETS 100.0%... $3,460,147,635 (a) Fair valued as determined in good faith by the Trust s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of March 31, 2018, total aggregate fair value of the securities is $0, representing 0.0% of the Fund s net assets. (b) Non-income producing security. (c) All or a portion of the shares of the security are on loan at March 31, (d) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended March 31, 2018 are shown in the Affiliate Table below. (e) The rate shown is the annualized seven-day yield at March 31, (f) Investment of cash collateral for securities loaned. NVDR =Non Voting Depositary Receipt REIT =Real Estate Investment Trust 20

25 SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) The following table summarizes the value of the Fund s investments according to the fair value hierarchy as of March 31, Description Level 1 Quoted Prices Level 2 Other Significant Observable Inputs Level 3 Significant Unobservable Inputs ASSETS: INVESTMENTS: Common Stocks Australia...$ 460,748,350 $ $ 0(a) $ 460,748,350 Austria... 36,857,558 36,857,558 Belgium ,894,579 18,894,579 Brazil... 23,188,590 23,188,590 Canada ,061, ,061,585 France ,852, ,852,938 Germany... 85,077,655 85,077,655 Hong Kong ,153, ,153,871 Italy... 6,386,146 6,386,146 Japan ,496, ,496,278 Mexico... 36,580,838 36,580,838 Netherlands... 26,575,799 26,575,799 Philippines... 55,464,539 55,464,539 Romania... 41,684,473 41,684,473 Singapore ,616, ,616,010 South Africa ,761, ,761,007 Spain... 65,586,506 0(a) 65,586,506 Sweden... 65,059,250 65,059,250 Switzerland... 80,482,741 80,482,741 Thailand... 25,106,090 25,106,090 United Kingdom ,892, ,892,178 Short-Term Investments ,222, ,222,146 TOTAL INVESTMENTS...$3,609,749,127 $ $ 0 $3,609,749,127 (a) Fund held Level 3 securities that were valued at $0 at March 31, Total 21

26 SPDR DOW JONES INTERNATIONAL REAL ESTATE ETF SCHEDULE OF INVESTMENTS (continued) Affiliate Table Number of Shares Held at 9/30/17 Value at 9/30/17 Cost of Purchases Proceeds from Shares Sold Realized Gain (Loss) Change in Unrealized Appreciation/ Depreciation Number of Shares Held at 3/31/18 Value at 3/31/18 Dividend Income State Street Institutional U.S. Government Money Market Fund, Class G Shares.... 3,755,745 $ 3,755,745 $108,670,837 $109,555,999 $ $ 2,870,583 $ 2,870,583 $ 23,099 State Street Navigator Securities Lending Government Money Market Portfolio ,686,836 60,686, ,632, ,968, ,351, ,351, ,058 Total... $64,442,581 $624,303,611 $519,524,046 $ $ $169,222,146 $276,157 22

27 SPDR S&P CHINA ETF SUMMARY SCHEDULE OF INVESTMENTS COMMON STOCKS 99.9% AEROSPACE & DEFENSE 0.1% Other Security ,728,000 $ 1,217,568 AIR FREIGHT & LOGISTICS 0.2% Other Securities ,794 2,308,183 AIRLINES 0.4% Other Securities ,414,000 4,565,042 AUTO COMPONENTS 0.5% Other Securities ,384,000 5,429,838 AUTOMOBILES 2.3% GeelyAutomobileHoldings,Ltd... 3,254,000 9,370,233 Other Securities ,402,637 17,386,838 26,757,071 BANKS 15.4% AgriculturalBankofChina,Ltd.ClassH... 17,007,000 9,664,669 BankofChina,Ltd.ClassH... 47,648,700 25,620,518 BankofCommunicationsCo.,Ltd.ClassH... 14,645,824 11,476,602 ChinaCITICBankCorp.,Ltd.ClassH... 7,176,471 4,901,174 ChinaConstructionBankCorp.ClassH... 66,318,623 68,107,501 China Merchants Bank Co., Ltd. Class H.... 2,452,235 10,045,406 ChinaMinshengBankingCorp.,Ltd.ClassH... 4,654,800 4,525,327 Industrial & Commercial Bank of China, Ltd. Class H... 48,386,789 41,492,182 Other Securities ,535,000 5,004, ,837,731 BEVERAGES 0.5% ChinaResourcesBeerHoldingsCo.,Ltd... 1,053,667 4,564,642 Other Securities ,674,000 1,691,667 6,256,309 BIOTECHNOLOGY 0.6% BeiGene,Ltd.ADR(a)... 26,792 4,501,056 Other Securities ,698 2,216,790 6,717,846 BUILDING PRODUCTS 0.0% (b) Other Security , ,800 CAPITAL MARKETS 1.6% Other Securities ,157,994 18,482,010 CHEMICALS 0.2% ChinaLumenaNewMaterialsCorp.(a)(c)(d)... 3,564,548 23

28 SPDR S&P CHINA ETF SUMMARY SCHEDULE OF INVESTMENTS (continued) Other Securities ,387,999 $ 2,603,944 2,603,944 COMMERCIAL SERVICES & SUPPLIES 0.8% ChinaEvergrandeGroup(a)(c)... 2,151,600 6,771,469 Other Securities ,084,600 2,912,843 9,684,312 COMMUNICATIONS EQUIPMENT 0.4% China Fiber Optic Network System Group, Ltd. (a)(d) ,131,600 Other Securities ,208,607 4,386,096 4,386,096 CONSTRUCTION & ENGINEERING 0.8% Other Securities ,180,269 9,676,374 CONSTRUCTION MATERIALS 0.8% Anhui Conch Cement Co., Ltd. Class H ,500 4,638,154 China Shanshui Cement Group, Ltd. (a)(c)(d)... 1,896,000 90,593 Other Securities ,874,363 4,059,840 8,788,587 CONSUMER FINANCE 0.2% Other Securities ,832,900 2,330,643 CONTAINERS & PACKAGING 0.1% Other Securities ,961, ,628 DISTRIBUTORS 0.0% (b) Other Securities ,593, ,472 DIVERSIFIED CONSUMER SERVICES 1.4% New Oriental Education & Technology Group, Inc. ADR... 86,975 7,623,359 TAL Education Group ADR ,262 7,019,728 Other Securities ,179,000 1,327,938 15,971,025 DIVERSIFIED FINANCIAL SERVICES 0.1% Other Security ,161,000 1,227,820 DIVERSIFIED TELECOMMUNICATION SERVICES 0.9% ChinaTelecomCorp.,Ltd.ClassH... 9,424,951 4,155,082 China Unicom Hong Kong, Ltd. (a)... 3,855,805 4,863,788 Other Securities ,348,600 1,640,604 10,659,474 ELECTRICAL EQUIPMENT 0.3% Other Securities ,640,456 3,625,328 24

29 SPDR S&P CHINA ETF SUMMARY SCHEDULE OF INVESTMENTS (continued) ELECTRONIC EQUIPMENT, INSTRUMENTS & COMPONENTS 1.8% AAC Technologies Holdings, Inc ,745 $ 8,421,071 Anxin-ChinaHoldings,Ltd.(a)(d)... 3,068,000 Sunny Optical Technology Group Co., Ltd ,000 7,920,454 Other Securities ,003,681 4,875,216 21,216,741 ENERGY EQUIPMENT & SERVICES 0.1% Other Securities ,145,900 1,706,878 FOOD & STAPLES RETAILING 0.1% Other Security ,439,000 1,674,002 FOOD PRODUCTS 1.9% ChinaHuishanDairyHoldingsCo.,Ltd.(a)(c)(d)... 2,729,000 China Mengniu Dairy Co., Ltd ,839,220 6,303,915 WH Group, Ltd. (e) ,820,106 5,134,371 Other Securities ,449,277 10,254,837 21,693,123 GAS UTILITIES 0.7% ChinaGasHoldings,Ltd... 1,500,000 5,456,595 Other Securities ,261,000 2,369,218 7,825,813 HEALTH CARE EQUIPMENT & SUPPLIES 0.1% Other Securities ,387,000 1,369,279 HEALTH CARE PROVIDERS & SERVICES 0.5% Other Securities ,902,200 6,270,447 HOTELS, RESTAURANTS & LEISURE 1.3% YumChinaHoldings,Inc ,244 10,094,626 Other Securities ,057,038 4,597,634 14,692,260 HOUSEHOLD DURABLES 0.4% Other Securities ,951,423 4,459,137 HOUSEHOLD PRODUCTS 0.1% Other Security , ,227 INDEPENDENT POWER PRODUCERS & ENERGY TRADERS 1.0% Other Securities ,196,508 11,877,650 INDUSTRIAL CONGLOMERATES 0.8% CITIC,Ltd.... 4,282,000 5,990,643 Other Securities ,500 3,077,545 9,068,188 25

30 SPDR S&P CHINA ETF SUMMARY SCHEDULE OF INVESTMENTS (continued) INSURANCE 5.6% ChinaLifeInsuranceCo.,Ltd.ClassH... 4,771,040 $ 13,130,801 ChinaPacificInsuranceGroupCo.,Ltd.ClassH... 1,584,200 7,095,120 PICC Property & Casualty Co., Ltd. Class H ,998,858 5,250,094 PingAnInsuranceGroupCo.ofChina,Ltd.ClassH(c)... 3,140,100 31,927,931 Other Securities ,188,665 7,637,825 65,041,771 INTERNET & CATALOG RETAIL 3.0% Ctrip.com International, Ltd. ADR (a) ,421 11,255,047 JD.com,Inc.ADR(a) ,240 20,092,757 Other Security ,874 3,787,266 35,135,070 INTERNET SOFTWARE & SERVICES 32.4% 58.com,Inc.ADR(a)... 50,383 4,023,586 Alibaba Group Holding, Ltd. ADR (a) , ,296,147 Baidu,Inc.ADR(a) ,905 37,921,097 NetEase, Inc. ADR ,342 12,993,833 SINACorp.(a)... 43,184 4,502,796 Tencent Holdings, Ltd ,383, ,589,670 Other Securities ,340 13,484, ,812,025 IT SERVICES 0.4% Other Securities ,105,000 4,824,863 LIFE SCIENCES TOOLS & SERVICES 0.2% Other Securities ,500 2,475,877 MACHINERY 1.1% Other Securities ,401,230 13,254,109 MARINE 0.2% Other Securities ,127,475 2,259,293 MEDIA 0.1% Other Securities ,829,700 1,292,728 METALS & MINING 1.0% ChinaMetalRecyclingHoldings,Ltd.(a)(c)(d) ,085 Other Securities ,223,667 11,752,751 11,752,751 MULTILINE RETAIL 0.1% Other Securities ,145, ,583 OIL, GAS & CONSUMABLE FUELS 4.2% ChinaPetroleum&ChemicalCorp.ClassH... 16,016,640 14,060,962 26

31 SPDR S&P CHINA ETF SUMMARY SCHEDULE OF INVESTMENTS (continued) China Shenhua Energy Co., Ltd. Class H ,179,200 $ 5,414,472 CNOOC, Ltd ,459,174 15,405,636 PetroChinaCo.,Ltd.ClassH... 13,430,930 9,223,999 Other Securities ,481,313 5,585,951 49,691,020 PAPER & FOREST PRODUCTS 0.3% Other Securities ,907,000 3,633,714 PERSONAL PRODUCTS 0.4% HenganInternationalGroupCo.,Ltd ,500 4,802,945 PHARMACEUTICALS 1.9% ChinaAnimalHealthcare,Ltd.(a)(c)(d) ,600 CSPC Pharmaceutical Group, Ltd ,280,000 6,057,108 Hua Han Health Industry Holdings, Ltd. (a)(c)(d)... 3,728, ,836 Sino Biopharmaceutical, Ltd.... 3,113,000 6,108,355 Other Securities ,142,632 10,021,669 22,375,968 REAL ESTATE MANAGEMENT & DEVELOPMENT 5.8% ChinaOverseasLand&Investment,Ltd... 2,703,862 9,388,051 ChinaResourcesLand,Ltd... 1,926,555 7,008,288 ChinaVankeCo.,Ltd.ClassH ,664 4,067,323 Country Garden Holdings Co., Ltd ,365,500 8,988,759 Sunac China Holdings, Ltd. (c) ,273,300 4,915,840 Other Securities ,669,301 33,513,037 67,881,298 ROAD & RAIL 0.2% Other Securities ,687,300 1,850,484 SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 0.4% Hanergy Thin Film Power Group, Ltd. (a)(c)(d) ,589,376 Other Securities ,533,112 4,766,254 4,766,254 SOFTWARE 0.4% Other Securities ,543,910 4,266,305 SPECIALTY RETAIL 0.3% Other Securities ,093,248 3,319,621 TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS 0.3% Coolpad Group, Ltd. (a)(d) ,629, ,610 Other Securities ,851,500 3,709,000 3,829,610 27

32 SPDR S&P CHINA ETF SUMMARY SCHEDULE OF INVESTMENTS (continued) TEXTILES, APPAREL & LUXURY GOODS 0.9% Shenzhou International Group Holdings, Ltd ,000 $ 4,517,774 Other Securities ,386,868 6,306,797 10,824,571 TRADING COMPANIES & DISTRIBUTORS 0.0% (b) Other Securities ,424, ,397 TRANSPORTATION INFRASTRUCTURE 1.0% Other Securities ,200,698 11,698,270 WATER UTILITIES 0.5% Other Securities ,066,400 5,741,048 WIRELESS TELECOMMUNICATION SERVICES 2.8% ChinaMobile,Ltd... 3,520,504 32,274,539 TOTALCOMMONSTOCKS (Cost $902,099,523) ,169,534,960 SHORT-TERM INVESTMENTS 1.8% State Street Navigator Securities Lending Government Money Market Portfolio (f)(g) ,667,846 18,667,846 State Street Institutional U.S. Government Money Market Fund, Class G Shares 1.62% (f)(h).... 2,369,667 2,369,667 TOTAL SHORT-TERM INVESTMENTS (Cost $21,037,513) ,037,513 TOTAL INVESTMENTS 101.7% (Cost $923,137,036) ,190,572,473 OTHER ASSETS (1.7)%... (19,767,962) NET ASSETS 100.0%... $ 1,170,804,511 28

33 SPDR S&P CHINA ETF SUMMARY SCHEDULE OF INVESTMENTS (continued) The Summary Schedule of Investments does not reflect the complete portfolio holdings. It includes the Fund s 50 largest holdings and each investment of any issuer that exceeds 1% of the Fund s net assets. Other Securities represent all issues not required to be disclosed under the rules adopted by the U.S. Securities and Exchange Commission ( SEC ). In certain instances, securities for which footnotes listed above may otherwise apply are included in the Other Securities caption. The complete schedule of portfolio holdings is available on the Fund s website at without charge, upon request by calling (toll-free) and on the SEC s website at (a) Non-income producing security. (b) Amount is less than 0.05% of net assets. (c) All or a portion of the shares of the security are on loan at March 31, (d) Fair valued as determined in good faith by the Trust s Oversight Committee in accordance with policy and procedures approved by the Board of Trustees. Security value is determined based on Level 3 inputs. As of March 31, 2018, total aggregate fair value of the securities is $400,039, representing less than 0.05% of the Fund s net assets. (e) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 0.0% of net assets as of March 31, 2018, are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. (f) The Fund invested in certain money market funds managed by SSGA Funds Management, Inc. Amounts related to these transactions during the period ended March 31, 2018 are shown in the Affiliate Table below. (g) Investment of cash collateral for securities loaned. (h) The rate shown is the annualized seven-day yield at March 31, ADR= American Depositary Receipt The following table summarizes the value of the Fund s investments according to the fair value hierarchy as of March 31, Description Level 1 Quoted Prices Level 2 Other Significant Observable Inputs Level 3 Significant Unobservable Inputs ASSETS: INVESTMENTS: Common Stocks Aerospace & Defense...$ 1,217,568 $ $ $ 1,217,568 Air Freight & Logistics... 2,308,183 2,308,183 Airlines... 4,565,042 4,565,042 Auto Components... 5,429,838 5,429,838 Automobiles... 26,757,071 26,757,071 Banks ,837, ,837,731 Beverages... 6,256,309 6,256,309 Biotechnology... 6,717,846 6,717,846 Building Products , ,800 Capital Markets... 18,482,010 18,482,010 Chemicals... 2,603,944 0(a) 2,603,944 Commercial Services & Supplies... 9,684,312 9,684, Total

34 SPDR S&P CHINA ETF SUMMARY SCHEDULE OF INVESTMENTS (continued) Description Level 1 Quoted Prices Level 2 Other Significant Observable Inputs Level 3 Significant Unobservable Inputs Communications Equipment...$ 4,386,096 $ $ 0(a) $ 4,386,096 Construction & Engineering... 9,676,374 9,676,374 Construction Materials... 8,697,994 90,593 8,788,587 Consumer Finance... 2,330,643 2,330,643 Containers & Packaging , ,628 Distributors , ,472 Diversified Consumer Services... 15,971,025 15,971,025 Diversified Financial Services... 1,227,820 1,227,820 Diversified Telecommunication Services... 10,659,474 10,659,474 Electrical Equipment... 3,586,500 38,828 3,625,328 Electronic Equipment, Instruments & Components... 21,216,741 0(a) 21,216,741 Energy Equipment & Services... 1,706,878 1,706,878 Food & Staples Retailing... 1,674,002 1,674,002 Food Products... 21,693,123 0(a) 21,693,123 Gas Utilities... 7,825,813 7,825,813 Health Care Equipment & Supplies... 1,369,279 1,369,279 Health Care Providers & Services... 6,270,447 6,270,447 Hotels, Restaurants & Leisure... 14,692,260 14,692,260 Household Durables... 4,459,137 4,459,137 Household Products , ,227 Independent Power Producers & Energy Traders. 11,877,650 11,877,650 Industrial Conglomerates... 9,068,188 9,068,188 Insurance... 65,041,771 65,041,771 Internet & Catalog Retail... 35,135,070 35,135,070 Internet Software & Services ,812, ,812,025 IT Services... 4,824,863 4,824,863 Life Sciences Tools & Services... 2,475,877 2,475,877 Machinery... 13,254,109 13,254,109 Marine... 2,259,293 2,259,293 Media... 1,292,728 1,292,728 Metals & Mining... 11,752,751 0(a) 11,752,751 Multiline Retail , ,583 Oil, Gas & Consumable Fuels... 49,691,020 49,691,020 Paper & Forest Products... 3,633,714 3,633,714 Personal Products... 4,802,945 4,802,945 Pharmaceuticals... 22,187, ,836 22,375,968 Real Estate Management & Development... 67,881,298 67,881,298 Road & Rail... 1,850,484 1,850,484 Semiconductors & Semiconductor Equipment.. 4,766,254 0(a) 4,766, Total

35 SPDR S&P CHINA ETF SUMMARY SCHEDULE OF INVESTMENTS (continued) Description Level 1 Quoted Prices Level 2 Other Significant Observable Inputs Level 3 Significant Unobservable Inputs Software...$ 4,266,305 $ $ $ 4,266,305 Specialty Retail... 3,319,621 3,319,621 Technology Hardware, Storage & Peripherals... 3,709, ,610 3,829,610 Textiles, Apparel & Luxury Goods... 10,824,571 10,824,571 Trading Companies & Distributors , ,397 Transportation Infrastructure... 11,698,270 11,698,270 Water Utilities... 5,741,048 5,741,048 Wireless Telecommunication Services... 32,274,539 32,274,539 Short-Term Investments... 21,037,513 21,037,513 TOTAL INVESTMENTS...$1,190,133,606 $38,828 $400,039 $1,190,572,473 Total (a) Fund held Level 3 securities that were valued at $0 at March 31, Affiliate Table Number of Shares Held at 9/30/17 Value at 9/30/17 Cost of Purchases Proceeds from Shares Sold Realized Gain (Loss) Change in Unrealized Appreciation/ Depreciation Number of Shares Held at 3/31/18 Value at 3/31/18 Dividend Income State Street Institutional U.S. Government Money Market Fund, Class G Shares... 2,785,729 $ 2,785,729 $ 54,675,652 $ 55,091,714 $ $ 2,369,667 $ 2,369,667 $ 17,272 State Street Navigator Securities Lending Government Money Market Portfolio... 22,187,451 22,187,451 62,355,765 65,875,370 18,667,846 18,667, ,932 Total.... $24,973,180 $117,031,417 $120,967,084 $ $ $21,037,513 $434,204 31

36 SPDR S&P GLOBAL NATURAL RESOURCES ETF SCHEDULE OF INVESTMENTS COMMON STOCKS 99.4% AUSTRALIA 8.4% Amcor,Ltd... 2,591,769 $ 28,170,192 BHP Billiton, Ltd ,796,699 60,516,316 Fortescue Metals Group, Ltd ,480,928 4,918,645 NewcrestMining,Ltd ,444 9,968,984 South32, Ltd ,541,902 11,218,048 Woodside Petroleum, Ltd ,501 8,242, ,034,697 AUSTRIA 0.4% VoestalpineAG... 95,939 5,022,861 BRAZIL 3.9% FibriaCeluloseSAADR ,903 9,884,608 PetroleoBrasileiroSAADR(a) ,712 8,267,828 ValeSAADR(b)... 3,040,331 38,673,010 56,825,446 CANADA 10.2% BarrickGoldCorp... 1,015,117 12,638,206 Canadian Natural Resources, Ltd ,892 13,378,806 Franco-NevadaCorp.(b) ,657 11,021,641 Goldcorp, Inc ,790 10,415,136 ImperialOil,Ltd.(b)... 98,705 2,612,228 Nutrien, Ltd. (b).... 1,443,811 68,234,501 Suncor Energy, Inc ,907 22,530,799 Wheaton Precious Metals Corp ,065 7,840, ,671,500 CHILE 0.3% AntofagastaPLC ,346 3,880,407 CHINA 0.6% CNOOC, Ltd ,314,000 9,300,083 COLOMBIA 0.1% Ecopetrol SA ADR (b) ,476 1,748,901 FINLAND 4.6% StoraEnsoOyjClassR(b)... 1,277,461 23,448,458 UPM-KymmeneOyj(b)... 1,192,983 44,162,439 67,610,897 FRANCE 3.9% TOTALSA ,378 56,414,048 32

37 SPDR S&P GLOBAL NATURAL RESOURCES ETF SCHEDULE OF INVESTMENTS (continued) GERMANY 1.4% KSAG(b) ,231 $ 12,316,085 ThyssenKrupp AG ,963 8,755,374 21,071,459 HONG KONG 0.4% Nine Dragons Paper Holdings, Ltd ,797,000 5,679,801 IRELAND 1.5% Smurfit Kappa Group PLC ,142 21,463,688 ITALY 1.2% EniSpA... 1,004,564 17,652,302 JAPAN 3.5% JFEHoldings,Inc ,800 10,011,086 Nippon Steel & Sumitomo Metal Corp ,100 16,690,953 OjiHoldingsCorp... 2,264,000 14,433,399 SumitomoMetalMiningCo.,Ltd.(b) ,200 9,849,694 50,985,132 LUXEMBOURG 1.2% ArcelorMittal (a) ,174 17,326,221 MEXICO 0.2% Fresnillo PLC ,998 2,953,854 NETHERLANDS 4.1% OCINV(a)(b) ,177 3,302,498 RoyalDutchShellPLCClassA... 1,792,507 56,162,001 59,464,499 NORWAY 2.3% NorskHydroASA... 1,188,625 6,956,778 StatoilASA ,712 10,153,627 YaraInternationalASA ,977 16,573,114 33,683,519 PERU 0.3% Southern Copper Corp. (b) ,032 4,011,054 RUSSIA 3.3% GazpromPJSCADR... 2,604,020 12,671,161 LUKOILPJSCADR ,118 12,892,430 MMC Norilsk Nickel PJSC ADR ,298 10,978,244 NovatekPJSCGDR... 35,784 4,902,408 NovolipetskSteelPJSCGDR... 86,393 2,151,186 RosneftOilCo.PJSCGDR ,844 2,559,238 33